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ML
1 0 1944
MONDAY
A®*
■US.
ommetcial an
Reg. U. S.
Volume
PUBLIC UTILITY
-
p.. 2073.
a
'"V.-".'''*:/;•
-
Total,
V;-';';
Registers With SEC—
;(';.r"/.'
-
.
incl.
Bal.
registration statement with the SEC
for 8,440 shares of class A stock.
The stock is not. to be underwritten.
Company was chartered April 4. 1944.
Sole promoter of the corpo¬
ration is Frank O. Omer of Kankakee, HI., who has a contract whereby
the corporation has employed him to sell its securities proposed to be
offered publicly.
Company conducts an insurance business on the
reciprocal plan.
Office: 258 East Court St., Kankakee, 111.
,
;
corporation has moved its headquarters to
Calif.
The bulk of its business is in
it has plants in California as well.—V. 159, p. 2073.
$1,095,125
1943
$108,804
78,586
69,596
6,902
8,003
New York
3,660
2,992
New York Stock Exchange
$24,838
$21,311
1,856
3,514
—
(net)
stock, amounting to $24,440,502 ($63.15 per share), and on the second
preferred stock, series A ($7), amounting to $242,852,090 ($94.50 per
share).
The aggregate of the liquidation values (exclusive of dividend
arrearages) for the preferred stock ($7) is $47,899,500, for the $6 pre¬
ferred stock, $38,702,565 and for the second preferred stock, series A
$24,825
13,191
13,758
2,902
3,161
-accruals..;..-.,-...,.:,-;.
deductions
;
,
(Stocks)
(Bonds)
Exchange
Stock
Exchange...
Stock
Chicago Stock Exchange_ _ .
respectively,
on
the
159, p. 2074.
Aluminum
$10,602
-
.'
■
;
v
American Chain & Cable Co.,
The
company
Works;
Mower
manufactures
a
31—
Oper.
A
12,345,182
Net
''A"
\
;
I
$4,624,454 $18,288,659 $17,074,345
(net)
3,107
;
....
27,053
21,775
5,508
Operating Income
$5,057,280
(net)
165,121
$4,618,946 $18,266,884 $17,047,292
123,578
883,062
759,878
$5,222,401
$4,742,524 $19,149,946 $17,807,170
income
income
Gross
Net
public
to
Int.
and
1,848,061
2,112,711
506,107
542,233
deductions
other
538,789
divs.
$3,704,183 $14,879,556 $13,825,777
$4,680,168
:
♦Preferred
$4,236,417 $17,037,235 $15,959,109
532,234
2,157,679
2,133,332
$4,141,379
Balance
to
pub.
Exch.
adjusts, on work¬
capital (net)___-
ing
75,426
83,823
93,574
Dr52,222
Portion
$4*089,157
...
applic.
to
'
.....
.
Foreign Exchange Rates__i_2
Combined Condition Statement
156
of Federal
156
Reserve Banks
Condition
Federal
Statement
Reserve
of
Member
Banks of
System._-__-l_.__._-—.
of
company in Inc. of sub.
Ainer.
'
Net
equity
income
in
Of
3,690,635
14,485,374
8,779
156
Transactions New York Curb Exchange....
135
135
135
GI "Bill of Rights"....
158
Reserve May Business Indexes..... 161
31,004
29,049
to
disc.
♦Full
whether
.....
1,490,095
2,248,327
491,127
exp._
944,521
1,225,290
4,480,842
5,254,267
$2,005,222
$7,785,254
$7,250,915
$2,306,263
dividend" requirements
or
applicable
to
the
respective
periods
balance
The
price
of
of the
were,
outstanding series
which were surrendered
$4,250,000 was retained by the
of
for treasury purposes.
in
previously
funds.
S.
U.
The
bonds
new
secured
are
by
first
a
mortgage
the Shipshaw
on
Including the former properties of Aluminum Power Co.,
outstanding bonds are refunded in the operation just
concluded.—V.
159,
p.
2513.
power plant,
Ltd.,
whose
•'.•? :r: '• ; •'v; V- "■
'
;
American Cyanamid Co.—Calco Expands Output
River,
from the Inter-chemical
Va.,
the Securities Act of
holders of capital
stock of
record on the day
upon
which such registration becomes
effective, which is expected to be July 11, shall have the right to
subscribe for capital stock (no par) to the extent of one share for
each four shares held.
The subscription price Is to be determined
Shortly before the offering Is made.
The rights to subscribe will
expire on the 12th day after the date of issue of the subscription
Contingent
upon
registration
effective
under
the making of an offer by the company,
and
1933,
warrants.—V.
159, p. 2410.
Chemical Corp.- -Sale of Control
American Potash &
Soon—
,
;
,.
reported that this corporation, now controlled by the Alien
Property Custodian, will be offered for sale to American investors
within a few weeks.
The Government took over the company frdm
It
is
the
owners at the outbreak of
Assistant Alien Property Custodian,
enemy
upon
valuation
a
weeks
an
official
war.
sell.
McNamara.
Francis J.
said appraisers were now working
of the company's assets, and
announcement would be made
that within
of
Reports in the financial district on July 6 were that
four
prominent Investment banking firms—Dillon,
representatives
tribute
American
V.
p.
$4,450,000; accounts receivable, $13,774; interest receiv¬
able, $2,606,406; other current assets, $5,242; deferred charges (un¬
amortized debt discount and expense), $6,422,352; total, $513,934,855.
160,
2..,
Potash
,
.
.
&
Chemical
'
Corp.
shares
to
;
the
public.—
■
Treasury bills,
387,025.65 shares
of $6 preferred stock, Incl. scrip), 2,569,886 shares of $7 second pre¬
ferred stock, 2,192,638 shares of common stock, option warrants (withLiabilities—478,995
vV
•
shares
of
$7
preferred
American Rolling Mill Co.—Promotion—
-D.
stock,
Bids
-
*
Offerings
.
'
Unlisted Securities
Municipal Bonds
For Brokers,
E.
has been
Reichelderfer
H. H.
2514.
ing
P.
Tullis,
recently
who
Assistant Controller, succeed¬
advanced to Controller.—V. 159,
elected
was
'
Dealers, Institutions, Corporations
Kobbe, Gearhart & Company
Telephone:
HAnover 2-2600
Banks, Corporations and Individuals have found
an effective market place for large or small
us
BLOCKS of SECURITIES
which
DEPARTMENT
1922
NEW YORK 4, N, Y.
.
Bell Teletype: NX 1-573
few
•
FIRM
Established
a
proposal to
the
:•
•
Read & Co.,
Glore, Forgan & Co.—are on the
special advisory group that will help organize a sales group to dis¬
•
30 BROAD STREET
,
Subscribe
American Machine & Metals, Inc*—Rights to
<
v
of
SPECIALIST IN
qALLEN&CO.
,
Corp.—V. 159, p. 2185,
W;
MUNICIPAL
v'
company's
'dioxide
Piney
.
—
Calco Chemical division has acquired the titanium
manufacturing facilities of the Virginia Chemical Corp.. in
This
unearned.
FLORIDA & NEW JERSEY
and
taken
101.87
$9,500,000
Kuhn, Loeb & Co., Lehman Bros, and
$3,721,639 $14,514,423 $13,995,277
amort.
&
__
earned
April Building Permits.
Federal Debt Limit at May 31, 1944
161
162
163
163
13,569,845
425,432
723,353
public &
debt
Crop Report at June l.__..
charges,
taxes
Balance
;
,
$3,974,137
other
&
incl.
$3,690,635 $14,485,374 $13,569,845
3,965,358
Total
Int.
$3,965,358
Co., Inc.—
income
Exps.
,
P.
subs.__
of
Other
i.'
For.
&
;
same principal amount
Aluminum Power Co., Ltd.,
of
a
took
companies
insurance
investment, at
"A" bonds,
series
156
....
Transactions New York Stock Exchange
Federal
equity
the
$26,250,000,
of
amount
—
Dept. Store Sales in N. Y. District'for May.
Net
•
the
29 by
".V-
162
Sales.
164
Redemption Calls & Sinking,Fund Notices. 153
Dividends Declared and Payable
153
The Course of Bank Clearings
152
Text of
478,005
Bonds
outstanding series "B" bonds of Aluminum Power
Co., Ltd., were surrendered for cancellation against payment therefor
The
;
News. 113
State and City Bond Offerings and
331,358
107,122
123,799
States
United
for
bonds,
Of
cancellation.
company
Gross and Net Railroad Earnings (Feb.)
$3,797,757 $14,963,379 $13,901,203
min.
interests
concluded June
was
the
of
■
Stock and Bond Averages.
Balance
$26,250,000
,
Auction Sales
Balance
—
principal
the
in.
eight
of
"B"
interest.
by holders
'A" bonds
for
'
Miscellaneous Features
General Corporation and Investment
$5,060,387
operation
and series "B"
U. S. currency.
series
the
accrued
________________
5,575,229
6,017,167
Ltd.
Canada,
of
stock.
preferred
$6
'■
in United States—
financing
Representatives
all
150
Montreal Curb Exchange
150
Toronto Stock Exchange__.__.__.148
Toronto Stock Exchange—Curb Section.
150
Over-the-Counter Markets
151
43,724,239
lease
for
Other
'.
1,294,566
49,773,102
the
of
excess
This consisted of the issuance of 30-year first mortgage
sinking fund bonds, dated May 15, 1944, In two series: Series
In
the principal amount
of $13,750,000, payable in Canadian
payable in
Montreal Stock Exchange.
res.
revenues...
of plants
oper.
H,140,717
1,318,196
taxes
appropriations
Rent
1944—12 Mos.—1943
1V
.
incl.
retirem't
Property
Co., Inc. (& Subs.)—Earns*
in
is
and
Y
Co.
$40,000,000
currency,
'
146
Cleveland Stock Exchange.—-—4147
Detroit Stock .Exchange......—— 147
Los Angeles Stock Exchange.—_ 147
Philadelphia Stock Exchange.*..
148
Pittsburgh Stock Exchange...
_
148
St. Louis Stock Exchange
148
.
— $18,723,765 $17,059,737 $74,078,928 $66,373,813
revenues
exps.,
Inc.—Acquisition—
1944-^3 MOS.—1943
-
Subsidiaries—
Operating
■
V
the business of the Pennsylvania Lawn
Ps., which was started in 1877 an.',
comprehensive line of lawn mowers.-—V. 159, p. ,2185,
Pefiod End. Mrif.
'
;
has acquired
Inc., Primos,
American & Foreign Power
:
3,500
—
—v.; 158, p. 2150,.
viv
$7,906
8,400
Net 'income
Dividends
aggregate liquidation
company.
3Va l/o
146
_ _.
Cincinnati Stock Exchange. .2.
($7)
stock
preferred
Placed Privately
—
,.
the
and
—v.
Page
125
136
——140
145
145
New York Curb Exchange
Baltimore
the sum of the above-stated
undeclared cumulative dividends
$256,988,600;
aggregate amount of the stated value of capital stock, inclusive of
common stock, and earned surplus.
Since March 31, 1944, the company
declared dividends on account of arrearages of $1.75 and $1.50 a share,
■
■;,/
Stock Exchange
provision has been made in this balance sheet for undeclared
1944, on the preferred stock ($7),
to $35,289,956 ($73.67V2 per share), on the $6 preferred
No
2.
amounting
Stock and Bond Quotations
Boston
$26,191
income
Income
■
($7),
Issue
This
^n
in the
& Share Co.
Electric Bond
to
payable
notes
The
cumulative dividends as of March 31,
advances—subsidiaries, etc., $494,demand—U. S. currency, $5,570,558, U. S.
7,761
;<x»a-ve
(of Co. only)
securities and
1944
:
operating
1944
$6,135,771
$6,439,957
$1,108,276
Notes—1.
principal amount of $30,000,000 mature at the rate of $3,000,000 a year
for the first four years from the date of issuance, Jan. 22, 1944, and
the balance of $18,000,000 in five years from the date thereof.
»
•
March 31,
$119,098
—
—
income
Gross
of
in banks—on
cash
5,254,267
values
.
taxes
Retirement
Sheet As
Assets—Investment
866,524;
•1,490,095
.■
surplus
Balance
2,248,327
4,480,842
4,253
Maintenance
Utility
earned
to
■'
Federal income taxes_-_~--_~_-~-^--~~—-
Other
944,521
Kansas City, Mo.»
Missouri, although
>
revenues
Operation.' l___.
General
carr'd
491,127
1,225,290
V
debt
of
exp—___—
Gas Co.—Earnings-
Allied New Hampshire
March 31—
12 Months Ended
Operating
&
Offices—
Aircraft Accessories Corp.—Moves
The
from Burbank,
,
723,353
_L_—
amort;
disct.
June 26 filed a
The company on
$2,824,693 $13,169,126 $12,880,133
charges,
other
taxes
&
$2,793,689 $13,140,077 $12,454,701
31,004
29,049
425,432
'
■
.
&
Exps.
Int.
Agency, Inc.—
and Automotive Insurance
Aeronautic
$2,754,220
8,779
_
expiration date) to purchase 6,533,094.8 shares of common stock
a share
(one share of second preferred stock,-series A [$7j,
in lieu of cash, with warrants for four shares, in full
payment for four shares of common stock), and $480 capital stock
subscribed, all together having a stated value of $393,940,452; 5%
gold debentures due 2030, $50,000,000; 3% notes payable to Eiectric
Bond & Share Co.
(due serially), $30,000,000; accounts payable, $14,002; accrued accounts, $1,835,747; miscellaneous, $721; deferred credits
(income from subs, received in advance), $238,600; special contingency
reserve, $1,625,000; earned surplus, $36,280,333; total, $513,934,855.
$25
for
-acceptable,
-
$2,762,999
income
MISCELLANEOUS
-
out
.
1944—12 Mos.—1943
1944—3 Mos.—1943
subs._:__"
from
Income
Other
INSURANCE
-
Earnings of Company Only
Period End. Mar. 31—-
dividend of $1.25 per share on the
common
stock, no par value, payable July 25 to holders of record
Juiy 15.
Distributions of 75 cents each were made on Jan; 25 and
April 25, last.
In 1943 the following payments were made:
Jan. 25;
$r; April 24, 50 cents; July 24, $1.50, and Oct, 25, 75 cents.—V. 159,
declared
have
directors
The
INDUSTRIAL
-
>,
Inc.—$1.25 Dividend—
Abraham & Straus,
Copy
Corporation and Investment News
General
RAILROAD
60 Cents a
Price
York, N. Y., Monday, July 10, 1944
New
Number 4297
160
Office
Pat.
-
are not
readily marketable.
INQUIRIES INVITED
INCORPORATED
Members New York Security Dealers Association
,45
NASSAU STREET, NEW YORK 5
Telephone
REctor 2-360(1
'
Philadelphia Telephone
Bell Teletype
Enterprise 6015
New York t-576
HILL, THOMPSON & CO.,
120 Broadway,
New York 5, N. Y.
INC.
Period End. Apr. 30-
Operating
Other
—
32,810,668 138,639,321
........
125,947,627
11,899,917' 54,015,949
48,175,915
depl.
^
2,632,837
2,706,962
10,034,136
approp
11,740,329
11,811,306
Notes
and
Net
95,923
income
40,460,572
,377,447
10,370,476
71,578
9 967,539
revenues—
:(net/_—
oper.
„__X_
income
Gross
40,838,019
Miscellaneous
4,020,849
15,797,231
25,092,708
6,930,978
assets
24,015,888
7,170,886
publicapplic. to min.
interests
,—.XX
fPfd.
to
divs.
Portion
X.
Liabilities—-'
Funded
"-^'XXX',/'/-
\
current
i'-.
credit
488,501
of
construction
for
1,894
of
in inc.
Co.
L,
&
Amer.
of
equity
P.
subs.
American
Net
income
4,749,679
18,113,960
16,790,250
4,494,141
4,749,679
18,113,960
127,827
16,790,250
61,144
6%
.
—
12,361
38,116
"
••
-
Earned
:
other deducts.
Expenses
&
.Int.
91,331
—-
578,454
87,847
taxes
^Income
18,24.1,787
83,091
461,499
681,9952,476,479
93,969
343,042
-
Calendar
and
Federal
income
dividends,
1943
-«•
•
Years—
Interest
—
__—_X
1
-
14,960,767
3,902,985
.taxes
X—'_,_X--,-!X^XX—
■Other
expenses
XX—x-XXXW^X-XX-X
$427,611
■
X
1,660
■
-
6,673
.
-X43.549
"271,412
indome;w-X-X——X—_X„:xt_:' "" $117)347
American Utilities Service
$100,38^
__X—
funded d ebt_
qr».
'<■••
-
.
.'X'
.
''1943X
*v
bonds outstanding
by call of $725,000 of
such bonds at 105,
the open market of the
.'remaining $75,100 at an average cost of 104.92.
Funds for the retire¬
ment
of these bonds were derived from sales of investments or of
.properties of subsidiary companies, together with $239,674 of avail-'
able
cash In the treasury of the company and $24,400 received ip
•partial payment of a subsidiary company note.
The subsidiary com¬
panies acquired or retired $20,000 of thqir; outstanding bonds through
employment of sinking fund moneys.
X/XX
X
' 1'
During 1943 Minnesota Utilities Co, sold the electric properties com.prising its Pine River District for $185,255.
Following the sale of
this property Minnesota Utilities Co. paid $185,300 on account of its
•note indebtedness to American Utilities Service Corp
The capital loss,
•the
change
bonds
''X'XX' "-"•• 126,303
1,106
fixtures-.X^_:X-Wi-—i'Xi X}"' ;:. ;*D106
funds)—;——_-.^X.X ;;iX 189,740 a 376,744
.Securities. awned-r-U. S. Treas.. cert., of .indebtX ; X X75,0()0
Special deposits
—:: *;■ V
r 425 X-;-v)X':"425
.108
Accounts receivable ^XX'X--X_„X—X"XX X""461
•28i
.Prepayments—interest and taxes-^—_—XXu XX ; ',330
Deferred charges
X-XX-X—-,19,123 XX "'.'9,-123
Cash
deposited
coll. to colly trust 6%
as
:
„
"
X ',
'
.
J
^
Commission
p.
160,
has
given
3.
the. proposed ■ plan.XX
* - *
approval of
its
*
-
..
working
—
"X
John^H. Keefe, President of the-Santa Fe Landi Improvement; Co*
and. other • non-carrier :affiliates-r of ..the; Santa Fe Railway, *has . been .
elected a Vice-President of- the Santa Fc .Railway, v. >X"'*■ XX'XXW:'• 'X--V.
*
.
-
•
Ryx^Nevy)^Officials—
:Atchison, Topeka &
fti rnitufe and
Office
/
Leibeli.X after three weeks ofXhearing,-,
L.
Vincent
Judge
V.
;
-Cash' (including
-
,
.reserved decision on the fairness, reasonableness• and equitableness of
the -proposed plan- of jreorganization for; the Associated Gas .& Electric;
*Cd.' and the Associated Gas & Electric Cqrp.%. The Securities and Ex^-
X 1942 v'i
.
-•$4,690,002
1,707,200
^_>_X_—-1;49.7,500'
V' 12,780
Accrued interest -.XXXXX-X-XXX'rXXXX') ; :12.558.
XdvaiW-esi repayable oufrently-^_i--i_—-_X'_XX :
25,000 X"'X 50,000
trust 6%
1943 through retirement
and through purchases in
•/vGerald'E'. Duffy, Assistant to. President at<San Francisco,^.has/beefi
appointed Assistant Vice-President ' in charge of,.traffic with, head- .
quarters in Chicago, -'v., 1 -X"X'-XV
vj. ."X-X";-'}'
.
,
of
sustained
$64,603
by
Minnesota
Utilities Co.
,
$6,337;'617 X $6,974,071 *
i Funded
this sale was
oa
for contingencies. '..
- XX/.-..J.The investment of company in Northwestern Wisconsin Electric Co,
was sold during
1943 for $264,365, resulting in "a capital gain of $98,.408, which was credited to earned surplus account.
Since Jan, 1, 1935,. a total of 35 sales of .securities or of properties
Vhave been made in the system^ not including the sale of various small
telephone exchanges in connection with the regrouping of the telephone
.properties in Florida,.-and Georgia.
Such sales have resulted in the
elimination of 19 operating companies.
Funds received from such sales
of securities or of properties were deposited with the trustee under the
indenture securing the collateral trust 6%
bonds, - series A.
/
During December, 1943, company entered into an agreement for tl^e
.'sale of- its investment' ih Northwestern
Illinois Utilities fqr $840,00,0
and it is anticipated* that such sale, will'be consummated within* V
short time.
A book loss of $10,000 will result from this,, sale...
The
•contract for the sale of Independence. Waterworks Co., (referred, to
in 1942 annual report) was not consummated.
' /
'X-X-'X
■Utility Holding Company Act, such plan providing for the issuance of
•only one class ofv stock and the distribution thereof to the holders
of the 6%
cumulative preferred stock, and making no change in the
motion, and subsequent' to
instituted proceedings with
'respect to the company under the integration provisions of the Ho'dXing Company Act:
A hearing with respect to both of such proceed¬
ings .has-been.-held. :
,.'v-Xy'' ""'-X.:■■■
On March 7,
1944, the Public Utilities Division of the Commission
filed with the Commission 'a draft of proposed findings and opinion
,\vith respect to such proceedings, including, among other things, a
recommendation that the plan of recapitalization be amended so as
"to provide for the distribution of-approximately 15% of the new cornmoil stock* Of the company to the holders of the presently outstanding
S, Total
stock.
common
Utilities
Public
The
Division
X
i
order with respect to the approval of the plan of recapitalization, or
recommendations of its Public Utilities Division, but provided by
.
dated March
order
r
;
Utilities Division requests fqr
.the filing of a brief or to have oral argument with respect thereto,
or to introduce additional evidence,' should be made to the.Commission
not later than March 28, 1944.
Company 'advised the" Commission of
its intention tq file a memorandum in connection with such proposed
findings and opinion,.
' X
..
.
.
X X.„. •'
'V *:* X
and
of
Consolidated
'
XV •*/
"
Depreciation
Excess
profits
fund,
258,257
1943,
taxes
(less
$2,452;
1942,
•
Net
Other
$577,124
amort,
and
Miscellaneous
discount
of
and
charges
*
11,262
■
income
Total
July -1
on
Profit
and
.
Loss
.
,
A
preceding six
for the
ago
_.
Six Months Ended—
Xv;:,',-.
Statement
Xf'X.XX'.' XxXt'-X
-
X:
May 31,'44 Nov. 30/43
$177,206
income.
'Gross
$166,iyy
103,444
Expenses
.-4-4—
;.f
of
subsidiary
subsidiary
"3,030
companies—
X
28,977
on
-f03,039
•
of
$73,762
of
American
net
income
of
Service
Utilities
subs,
applic.
Corp.
!: Profit
position
American Utilities Service Corp.—
$453,372
$508,403
Amortization
$88,829
X'':
Interest
and
non-consolidated
Other
interest
dividends
subsidiary
"
Balance-
received——
Total
of
bond
'
expense
'
•-2,159
laxes—
:
•;
5,513
taxes—
surplus)
-*
Assets—Cash
in
bank
and-
X
total, $1,108,117.
X
,
'
.
1944;'';;.''^
^
$27,295/ cash. held
hand,
on
$34,972
$42,344
<jo-
by
X.--'
X
..
,
.-vX';:— "
'•
accrued : liabilities,
$4,987; guests' and sundi-y credit balances, $1,933; taxes payable or
accrued, $10,309; boncf interest,. $27,487; :,deferred; income * ( unearned
rentals and lease
deposits), $6,065; income mortgage sinking fund
Liabilities—^Accounts
(trade),
payable
The SEC has ordered-a
$5,467;
income
Other
applications
"States
expenses
Consolidated
Interest
on
Interest
on
6,673
net
income
collateral
serial
__X
trust
X___
—
bonds—
notes——
43,549
!___
.
?
approved by the Maryland State
, :;
.'*•
debentures, the amendment,. to
hpcom.e effective must he approved, by the holders of at least; 50%-of
the outstanding debentures.
These security holders Vin . due course";
will receive papers in this connection,' the notice ; states, ;./ .X
Tlrere gre. outstanding approximately $23,000,000-of debenture which;;
under the amendment, will be allotted 230,000 votes,%
Under the
provisions of the reorganization plan adopted July li
1935, stockholders will still have a majority of the votes, the preferred
having 233,000 votes or one for each share and the common 40,000
.'.•votes -oc one for each three shares—a total of 273,000.
•*
The
reorganization plan provided . that • the common stockholders
have th^ right to fleet only one director. "The preferred stockholders
were
given the exclusive right'to elect all other, directors so long as
dividends were In arrears for any six months' period.
net
income——^
$252,088
Power Corp.,
'
Under the
concern
John E. Dwyer,
'under; the
at
-
*
,
of
common
;
a
stock
Will
cause
Gasconade
Power
Co.-
to
issue
to
it
a
three
233
?
sell such jnoto-to -Continental Bank and Trust
sum of $300,000.
'
-X
•
$155,031
ing
CoX qf New York-for the
the
remaining
balance
of
the
principal
V/.k-jy.i'XV
amount 'of - the
existing
for
of
ten
company
voting trust agreement
reorganization.* This voting
years, expires July 1, 1945.
also
approved by the Court
macle
trust agreement,
Perkins a?
Perkins is Vice-
announced the election of Walter F.
director and voting trustee to fill a vacancy.
Mr.
of the Koppers Co.' (Bartlett-Haywood Division).
President
:
Suit Filed for
Payment of Preferred
Dividends—
/;
Court at Baltimore on June 30 asking
that the company be ordered to pay dividends on its preferred stock;
before it may purchase debentures for. sinking fund. ,
.
X
The suit was filed by Morris Spindel of New York, N. Y., in behalf
of himself and o'ther preferred stockholders and. requested the Courg
to interpret
the contract right? of . preferred •- stockholders under the
reorganization plan • approved by the Federal. Court -in; 1936.-; . /
-The,?stockholders-asserted, they had not been paid a dividend in
A
year*
Central proposes to contribute to Gasconade $176^90,* represent¬
The
terms of the
time
the
effective
following;.,,
stockholders-willmcu.longer have
.
right
Power & Light Corp., and Central
the
amendment, the preferred
right to vote exclusively for thig. purpose but will share this
with the debenture holders/.
X;."
.
Control of the company is at present in the hands of voting trustees
;the
all holding companies.
applications
securing the
'
Central proposes /to
Central
(3)
Consolidated
by Arkansas-Missouri
Co.,
note, dated' Aug. 1,, 1944, and matui'ing. Aug, , 1,>1947, in .the
principal, amount of $300,000 in partial payment of existing note .-in¬
debtedness of Gasconade to Central, aggregating $476,490.
Central will
271,178
■
them."
amendment-has been
The* charter
■
Commission.
X
Under the indenture
suit
was
filed in Federal
M
3','r
204,947
------
•>-
™
'
,
their checks for six
with
to
accorded
>
.
.$426,442
$457,035
.
,
.
purchase-and Inland proposes to sell 2,400
(all such ■ outstanding-shares)
of Missouri
Edison
for
$290,482,
subject to
certain
closing adjustments,
and
subject alsq to the transfer to Inland of any balance remaining in &
certain tax escrow fund ($42,000 at March 31, 1944) after payment
of tax liabilities, if any.
>
"...
;•
j
(2) For the purpose of financing the acquisition of Missouri Edison,
(1)
'8,268
47,208
4
4
filed
Edison
shares
4,000
1,660
—
taxes
Other
$482,260
.
'
months'- interest, says: r
;
"At
meetings of the directors and stockholders *of the- company',
appropriate action was taken to amend the "charter of the company;
'to accord to the holders: of its debentures of all' three series, the
■right, to vote one vote for, every. $100 of debentures: owned,.
The
voting trustees have felt for some time' that in- view, of the .large
'financial "interest of the debenture holders this right should ;be
14 on separate
for July
consolidated hearing
; trustee of the estate of Inland
2,112
4,173
$512,576
alphabetical
•X,'/.'
Transit
.
30
June
on
2,0,68
'•X-^4/-
'bonds,, due June 1. 1949, $1,099,500; capital stock (par $10), $12,680;
earned surplus (deficit), $60,311; total, $1,108,117.—V. 159, p,,731.
26,775
———
■
•"
11,259
-
trusfee Under terms of trust-indenture, $65,254;,. accounts regpivab'e
(trade),
$6,068;
commissary supplies ,and food (at cost); $814;
fixed assets, $980,975; prepaid expenses and deferred charges, $27,711;
i
———
Federal
from
always as near
Co.^Debentures To Get Voting
"
.:k
'
1
'
-.1
t,. Debenture
holders of this company will be given voting rights
under the terms of a charter amendment approved by directors and
.voting trustees of the company.
. ,4
;:X
;_(.X-X XA formal notice to this effect which was mailed to. debenture holders
28,675
11,325
BalanceSheet, May 31,
1
*
received
companies in exact alphabetical
possible.
Tax
These
companies)—
as
Baltimore
$76,975
27,487
:
income
Federal
.
Income:
arrange
.Power—
.13,815
bonds
J—————-
interest
Depreciation
30,747
to
——
to
However, they are
order.
$63,160
15,067
-X
,«X'XtX-Xri^v-X-'--X
retirement
Bone)
»
Balance
mechanical reasons it is not always
NQTE—For
possible
Arkansas-Missouri Power Corp.—Hearing July 14—
—
—
,
XX
$484,1?0
$537,380
companies———X
Equity of minority stockholders in net income
of
thereto).
• :X' "
X • X;-X.
-cash in accordance with the provision?
dividend rules of the company authorized pur¬
thereto;-—'V; 159, p. 2075.
XX'; ;;XXXXX;XX'''/X
'X"-'.X'XX'X.^X.
dividend is payable in
Such
suant
'
48,482
- 2,535 '
1
pf the charter and the
'
income
Net
;
'
Balance*
Gain
( $584,633
•
37,209
expense--
23,688
■
policies attached
extension
above-mem-
months'ended'May 31, 1944,
months
period.-: X
'■
V
holders of the
to the
paid
to the six
made -six
distribution, was
months'
$510,945
$565,862
1
income
Intrest
company
bonds--2y2'X-interest
similar
21,268
"205,899
$2,363)
171,705 ■;
earnings
'
So. Spring St.,
433
-
.
.
The
tioned
re¬
taxes
Other
'
Sv
co-trustee,
Co.,
both dates inclusive.
•
provided, however, that the undersigned will not
accept any- -tenders at any price or prices which in its opinion shall
be higher, than the price at which such bonds may be: purchased at
that time in the.open market.
X>. X • '•%>•.%*'.vX
189,3^5
22,072
post-war
est.
thereto) thatAug. 1,
X,-,X:
(d) The net premiums considered'earned between Aug. 1, 1944, and'
'Oct,. 3i; 1944,'both dates inclusive, of participating policies other than
term and open ocean cargo policies (excluding non-participating marine
and Oct. 31, 1944,
'1944.
bonds;
278,966
159,057
surtax___
aand
earned prCthiuins of particinating term policies (exolud-i
The net
.(c)
Angeles, Calif.,
■retiring
not previously.1 considered fqr^dividend,
participating, term policies that attach prior to Jan. l,, 1,939. whose
expiry or anniversary dates occur between Aug. i; 1944, and Oct/ 31,
1944, f>cth dates' inclusive. '•
•) . •;
•«
'
.251,904
;
Normal
taxes:
Trust
&
will until the close of business on July-13 receive
bids for the sale to it of income mortgage sinking1 fund bonds to an
amount sufficient to exhaust--the- sum of ■$34,119X-«'.*X-";; X* i «j'
X
All tenders will be opened on July 14, 1944, and. the co-trustee will
accept the lowest offers submitted, , if at a price or prices not higher
than the redemption price of said bonds, to the extent of the moneys
then- in the hands of the undersigned available for
the purpose of
256,021
—
____
■
income
Federal
'
'
t
Insurance
.
ing non-participating marine extension-policies attached
attach "on and after Jan. l, 1939, whose expiry occurs between
*
1,232,333
1943
Operation
Maintenance
for the
increase of
an
The net earned premiums,
.(b)
'• corresponding iveek
e
-
of
Company
Xwh,,-
totaled
1,^ 1944
160r p.-2.
Title
The
.-
properties of
81,275,00
electric
the
of
'
output of1 77,439,000 kwht' fob
•
(a.)
A-it-.l
Electric Co;, Inci
this
Co.—15% Distribution-—
dividend' of profits of 15% on- the; fol**
The net premiums considered earned between April-1, 1944;. and
June 30, 1944., both dates inclusive
of participating open'ocean cargo
policies (excluding non-participating marine extension policies attached
thereto), such dividend, being payable Feb. 15, 1945.
/>< 'XXXxXX.^X'
Arcady-Wiishire Co, (Arcady Apartment Hotel), Los
Calif.*—Tenders Sought—Interest Payments-
Los
1942 ,
$2,694,73.7
1,242,600
earnings
') ^
'
Dec." 31
„i..„—82,671,459
Subsidiary Companies—
Gross
Ended
Years
Income,
,.;i
July
the
over
Angeles,
Earnings
opinion recommended by the Public
Statement
output
ending
1943.-—V.
Of
with respect to the proposed findings
1944, that
7,
X...;.; v
Power
Week
4,90%
under, the .integration provisions' of*>the
Holding Company Act, to dispose of its three utility subsidiaries,/i.e.,
Minnesota Utilities Co., Northwestern Illinois Utilities and Wisconsin
".Southern Gas Co.'
The Commission has not made any findings or
.the
-'4
.
Chicago.. X
,;X ' XX* •
Clerk in the President's office,- has been'President/succeeding Mt".-Rydin.-—V. *160, p. 3!
The trustees have .declared a
lowing premiums:
I
$6,337,617$6,974,071
saj
American Water5 Works &
;
recommended „that
also
.
2.225,000
.
:-r-Y.;io9, p. 2626.
be. required,
company
X
jg
t«.
2,625,000
;
Drl,568.Q85 Drl,739,152
X'_X__XXX-X——
surplus
Earned
Chief
Atlantic Mutual Insurance
x
661
;V771'
X 2,625,000
16% cumulative preferred stook.($25 par)
2.225,000
'Common' stock (1,112,500 no par sharesi—'
i
Marsh/
S.
E.
appointed Assistant to the
6,432
5,595
X 4,176
*
■
V-
X
4,130
.^uXXXXxX-XlX- X 'X,
—^.—„X--------X-f—
credit
Railway';
with headquarters- in
of, traffic
38,001
,
-.3,752.
{Res. X'ir.deprec; o^office furniture and fixtures
.outstanding bonds.
The SEC on its own
the filing of such plan of recapitalization,
'the
X 30,000
taxes
taxes'
Deferred
13,900
11,407
—X'-——,
income
Other
:
X---'*--X*-XXXXxX^L.—i.
Santa Fe
succeed Gerald E.
$3,800,100
•.
appointed Exeoutive Representative at San Francisco;to
Duffy, appointed Assistant Vice-President in charge
been
has
$3,000,000
XX-^X^^—X^—XX-*-^XXX;.
payable
X -Riidolph G, Rydin, Assistant to the President of
-v1''.■'■
-
interest on funded debt—-
:
of recapitalization with 'the
Section 11 (e) of the Public
Company has heretofore filed a plan
SEC in accordance with the provisions-of
:: -
Federal
Proceedings
Recapitalization and Integration
"' ■ •-...
'
Accrued
.
1
debt
Accounts
charged by it to its reserve
*
j. Li abilities—
X
'
1944, net electric,
Decision Reserved—
'/.XFederaj
stocks—-——_—_X__^XX^i..$4,526,374
capital
•'.'
,
-Long-jerm- notes
during
effected
Assets—
X "
Co.—Weekly Output— x:x ;/
Associated Gas & Electric
t
(Company Only) X
31
Sheet.) Dec.
Balance
t
'Common
Corp.-XAnnual Report—
collateral
in
$800,100
of
reduction
A
-was
.Net-
the $300,000 nof1
Trust Co.—V. 159,
fy' V;'-,Xt- ■'
• ;
Electric Com: lepQrt foXXhe '.wpekX
output of the Associated Gas & Elec¬
tric XGroup was 123,918,728 units./(kwh.).;; - This. is an increase, of,,
6,377,594 units Or 5.4% above production of l!7,541,134 units a year
ago.
X
,
;
"
>
XX
N
8,268
.
47,208
.Interest
:
.
ended June -30,
;
<
and tbi. to pay . the balance of
be„owing to Continental Bank and
"*
\i;The trustees -of'iAssociatediGas &
v.4,000
204,947
■
13,369,902
^Income tax is shown,in this position in the statement as required
!by the system of accounts and regulations prescribed for registered
.public utility .holding . companies. •/fFull -dividend requirements ap¬
plicable to respective periods whether earned or unearned.—V. 160, p. 2,
' 3,774,625
surplus
Balance
.'X1942
:
$37.7,835
.
taxes
Other
"
•
'
347,456
2627.
p.
Only)'*
(Company
Income
of
that the above proposed transactions aw,
general .program, whereby Central, wjl! becomo
a-
of -.Missouri Edison
-X—-X-,-X-X:r-XiX $11,311,249 $12,490,166
^4X——:.
'Statement
388,589
2,745,447
-
1,536,9^6 vi 1,759,243
indebtedness1 to
16,851,394
4,762,040
4,532,257
—//
—
2,225,000
2,225,000
X
Missouri,
physical properties and assets t-f Missouri Edison, the- sale of, Natural
Gas, Service
Co., The Sedan Gas Co. and Blue Valley Electric Co,y,,
wholly owned subsidiaries of Central, and the possible issuance of > on
undetermined
amount of preferred stock, not in-excess of $550,000,
to the extent necessary (a) to redeem the publicly held preferred stock
' 402,249
2,625,000, V: 2,625,000
,,
„^___„X',XC
-X-uXd--„—
deficit:
;
■
stock—
.
:
'';X
' v
operating company and cease -to be a holding eompany. .*• The sub¬
sequent portion of the contemplatad program, approval of which is
not sought at
this time, includes the acquisition by Central of the
199,320
: 356,190 :
r
;
an
:
'Stock-'X-X^-^XXXX-^XX—~X—
Total
Total
'in capital stocks and capital
companies/
surplus or subsidiary
preferred
Common
L Co.—
above).
(as
equity
Other
4,494,141
———
P &
earned
and
preliminary steps in
.1,894
181,387
X .,'
•
has* indicated
"-""Central
XfX".''V: 32,428
properties-,_^X—XXi
Net '
90,541
436,748
acquisition )'of
or
X
■
.
of financing the acquisition oL East
purpose
Missouri- Edison will issue, under en Indenture supplemental) to its
present indenture, *ancl sell,"at' private "sale/ to; Connecticut ^Mutual
Life Insurance- Co., at a price of 105, $582,000 of 3%%
first mort¬
gage bonds, series B, dated July 1, 1944, and to mature July 1, 1969.
524,042
'•'.a
388,690
\ '
Foe the
(5)
.***
2,624,039*
7 2,437,598*;
plant property-^-—-'
iXXXXX^^XXri'
Extrabrdinarjf retirements of plant prop.-, etc.
y. utility
Minority interests
'
.
.64,904
items_l_"_):X-l-4i—X- -i
Depreciation
Contingencies;
Donations
20.981
$5,088,100
$4,079,000
liabilities—
deferred
X
subject to its liabilities.
'XiX——U~——
debt
Total
Reserve:
'2.058
X
25,001
of no par
Edison will
properties, and i; other-/- assetssubject, to > its
\*-v-',X-; ■
'.X"!
•
'• '* X
•
(4) Missouri Edison ..proposes.,to purchase (under an assigned, con?of purchase between Central and Arkansas)
and Arkansas to
sell (a) 14,547 shares of common stock (all such outstanding shares)
of East Missouri for
$600,000 and (b)
a $30,000 open account in*
-debtedness of East Missouri^o Arkansas for $30,000, subject, to certain
closing adjustments.
Thereafter, East Missouri, will'b.e liquidated ahd
-Missouri Edistn will acquire its physical properties ar}d other assets,
$11,311,249 $12,490,166
.54,752
47,770
13,226
11,989
173,367
•
■
X*
Total
$6,554,964
1,792,059
$6,042,613
,1,536,483
Balance
_±._—-U-;:*
'
items____X_^-^I———X
debit
Its /physical
tract
337.052
"... 17,-532
' 365,409
'
1
Deferred
39,813,119
'3,887,090' 15,745,311
10,442,054
10,063,462
deductions
" ; -18,744
all
the
.liabilities,
349.422
;
common; stock of Gasconade (954 shares
Thereafter, Gasconade will liquidate and Missduri
Acquire
*425
2,670
• to
Central and to contribute to
investment in Gasconade which will then
Gasconade
entir§
value).
29,999
236.163
its
Edison
of
consist
126,303
747,064
312,727
—1
receiv;*<officers add empl.)
accounts
Total
^other
(net)
receivable
accounts
inventories
Total
39,567,733
,245,386
.
collateral„l-i._X-—Xi'-—C
Notes and acqotmfrs
Prepaid
Other
1942
$9,789,099 $10,493,921
of
indebtedness
note
X
"
-
working funds)—•; 620,055
(U. S. Govt.)—————..
" 132,997
-;—425
Securities owned
Special deposits-
-9,985,868
2,947,024
and
retirem't
res,
deposited as
Cash, (including
16,406,805
2,939,240
taxes
Property
22,388,335
4,886,289
6 406,864
w—c—.—
property, franchises, etc——
Cash
35,743,567
expenses
taxes
(
,
1943
.
Plant
13,797,087
revenues
Operating
Federal
$
$
Siibsidiaries-—
*
Missouri
Assets-)— y
1944—12 Mbs.—1943
$,•
$
MOS.—1943
1944—3
Sheet, Dec. 31.
Balance
Consolidated
Subs.)—Earnings—
Light Co. (&
American Tower &
Monday, July-10, 1944
FINANCIAL CHRONICLE
THE COMMERCIAL-*
114
•
1943,
.
although
the
company's net income of $368,000 was . used
put into a sinking fund.—V. .159, p. 2411.
purchase debentures to
to
'/
Volume 160
*w g.<r. rTgffg
THE COMMERCIAL & FINANCIAL CHRONICLE.
Number 4297
•
»ii j. .;.i .1
..
J...! ujj,
■
■■) ..-a.
Battle Greek Gas Go.—Earnings'
Years Ended Dec. 31—
'if
,
'
J '
/.
operating
$978,550
revenues———
.
$734;885
•
Provision
52,281
depreciation—**—_______________
for
State, local and miscellaneous
'Federal ircome taxes—
'Federal
'
Net
profits
excess
income
other
Federal taxes..
5,000
130,500,
;r:
$138,427
10,373
$135,376
,rr
__—,
12,529
,
deductions.
—...
33,909
______
Z_--—_—
income
Net
•Dividends
Balance
•
.
$109,704
$113,996
*—
:
Sheet,
Dec.
31,
89,658
87,379
1943
'
"into
run
Assets—Utility plant,' $3,321,528; investment and fund accounts,
$265,734; advances and loans to employees and others (partially se«*curedi,! $1,979; cash in banks and on hand/ $171,831; U. S./Govern¬
ment securities at cost, $170,008; accounts receivable, $72,004; interest
receivable, $1,130; materials and supplies, $174,99v8; prepaid insurance,
taxes, etc., $6,122; value of life insurance policies, $11,191; estimated
'postwar refund of Federal excess profits taxes, $7,300; deferred debits,
$89,105; total, $4,292/329. V
/ //;/:.■V.
.' ZYz,;
/-
has
company
millions
dollars,"—V.
Net
2515.
Net ry.
Niagara
tends Deal—
The
V;--"■/.. Y-Y; '■ --V
Securities
to Sept.
and
Commission has granted
Exchange
1 to the corporation to complete
;
.
•820;
V.
damages reserve, $34,653;, contributions in aid of
earned
surplus,
$136,310;
total,
$4,292,929.—.
and
injuries
.
157,
$6,079;
1738.
p.
Beatrice Creamery Co.
sales
.Net
-YY,
tC.o.—Tenders Sought—
,Yz
/
;
Years End. April30-
20,394,380
\ 646,850
1. 2,603,398
'
' 144,036
449,85i
112,748
$l| 139,609
,/
82,134,171
Repairs and mairytenance—.———r
v
Advertising
L
_.
Insurance
—
Rent
1
annuity
$1,010,490
$1,792,532
$1,501,465
784,911
1,438,167
1,249,365
for
1
Oper. ,costs. &
expenses
_Y
3,353,898
,,
Operating profit
Other
'
+ 312,546
.
'••
•/'
.
Estimated
*
.
43,269
.■
for Fed. normal inc. &
prov.
Net
$36,017
25,965
profit
_ii
/.//;/Y"'/
3,539,700
"887,500 /
profit
Farnings
/'»•'
$80,295
$7,468
13,329
"32,800
1,211
$47,495
$6,257
-
'
;
$35,857,
$0.68
—_
Steel
Corp.—Sale
/••
*
-
•"••
;-••'•
*
•
in
Gold
Cariboo
Government
is completed,
President/ stated
Quartz Mining
annual
amount
,
Co., Ltd.—Earnings1943
1942
1941
$221,370
$476,979
$449,411
174,303
287,909
273,395
48,088
94,291
86,679
"$1,022
$94,780
$89,337
Nil
$0.07
$0.0t
1944
End- Apr. 30—
the
at
currently
arrears
income, iess min-
era! tax 65 mint
chgsv
y
-
earnings
"$27,371
>
Nil
__j._s.__
'
A
Corp.—New Appointment—
The appointment of Harold T,. You.ngren as Director of Engineering
Development of this corporation, effective July 1, has been announced,
Mr... Youngren had. been Chief Fngineei; with, Qldsjnobile. diyisionj of
..General Motors Corp. sipce .1933/. u
Y, One'-of his chief duties, it is understood, wijl be supervision of Borg/YVarner research laboratories and he will ooopcrate.^ith,, the pl^nt
:
engineers of the 20 Borg-Warner divisions and subsidiaries.
These maintain their individual laboratories, and. one of them. Pesco
Paper
bags,
pager
paper,
$174,868; Government securities
tissues,
Corp.
wax
paper
household papers,
cups,
stationery,
paper,
school
supplies,
toilet papers, towels;
coverings,
floor
twine,
corrugated cgxtons, paper containers, and other lines usually handled
by wholesale paper merchants,
^
f Company, doing business, primarily as a wholesaler, has little manu-t
facturing operations.
In connection with its paper business it manu¬
salaries and expenses accrued-,
reserve
for enrernt income taxesv
par), $128,024; capital surplus, $69,629;
surplus, $221,524; total, $543,650.—V. 158, p. 385.
$8,138;
factures
envelopes and straws.
The
manufacture of
is a minor
straws
of the company.
Envelopes are included among
products, and'in 1943 sales of envelopes represented
mately 7% of the total business of the company,
operation
Ltd.—25-Cent Common Div.
Caldwell Linen Mills,
dividend
the
fine
approxi¬
of
cents
25
.
no
net
by the
in addition to the usual quarterly
par,
The
/
share has been declared on the common
per
dividend of 20 cents
per share on the 80-cent second participating preferred stock, no par,
'and 'the- regular quarterly- dividend* of
38 cents per share on the
80-cent first preferred stock of no par, all payable Aug. 1 to-holders
of
record July
10.
Distributions of 25 cents each were made on
Feb.; Fa lasL:<»n'd -pn Feb. 1,-; 1943, which rwas^t)\e; initial, .paypaent.
stock,
v
Carpenter.
paper
V;; y/^
"
incorporated; in Delaware Nov.
was
22, 1937, as successor
"Company is engaged in the ware¬
paper and paper products of various
descriptions.
While its principal business is dealing in paper, it also
warehouses and sells at wholesale such kindred products as wrapping
the
housing lor sale at wholesale of
accounts, receivable,
$155,535;
bank,
accrued.
taxes
.
earned
'Division—See Rheem Manufacturing Co. below.—V. 160,
Borg-Warner
J.. Edpua.nJ- LaBeile,
at .Mpntreal,
It was said that
$101 a share.—V, 159, .p. 2630.
ov$r
Company
,
Liabilities—Accounts payable, $61,867;
$28,503;
Steel/Barrell
Atlas
of
stock,
the
capital
Carpenter Paper. Co.—Stock Sold—Kirkpatrick-Pettis
Co., Omaha, Neh., offered- and sold prior to the Eifth
War Loan Drive 15,000 shares of common stock (par
$1) at $29. per share. '•; •/'//"-j
* ";v; •■•■ Y/'"'/././1
$25,965; capital stock (50 cents
4. ::
v;:
to
with
future; the directors will give consideration to a
with a view to elimination of arrears on
near
of
,
"Subject to adjustment at the end of the fiscal year.
Includes $668,excess profits tax (net).—V. 159, p. 2627.
Bethlehem
in the
•
J
$94,339! mer¬
(at cost), $35,000;
other securities/ $1,400; sundry receivables and supplies, $3/>99; fixed,
permanent and other assets,. $79,2Q9; total, $543,6.50, '
500 estimated
P.
ipeetipg
to
1
Consolidated Balance Sheet, April 30, 1944
'
Assets—Cash
•
$1,740,350
$3.27
$372,744
share—
common
Per
^40
$22,688
$61,822
taxes/Y
_______
income
chandise inventories,
•
119
929
5,280,050
Net
excess
profits taxes
$.7,223
9.409
!'/■
Totgl: income
277,507
1,260,244
____
19,891,648 109,776,111
$4,313,413 $18,141,958 $16,781,725
Earnings per share—
-."Loss.—V. 159, p. 107.
"224,245
.
"Y"Includes excess profits taxes.
_-_._l___.__j..
$80,176
Z"
5,002,543
jY
income
Total
254,019
$35,088 '
$52,413
,Y
income
•/••■..'•>
Proy.y for
income
$231,468
$334,195
170,054 Z";
192,410
*
.
'
1,307,545
1,216,975
Other
20,63i
20,170
$205,141 ::
$244,823"
'
Manufacturing, profit
>
.79,105
7,882,13.7
875,066
depreciation,—
//
20,438
'
Provision
'
20.431 '
,.
94,751,589
22,846,290
$4,470,359
renegotiation of contracts
preferred
Net
885,680
2,130,287
expense..
____
"
535,406
'
1
administrative
874,352
"191,581
$157,979/
.Cost of production-*.—153,628
.Prov. for deprec.,. depL
;
:
,
and income taxes—__
31,722
over—_
*28,660
"261,012
13,899
premiums—...—19,545
selling and delivery expense_:___/__"____
Other
&
Depreciation
3i5,275
404
Retirement
Other
/'
:y Y.; ■ 236,747
__
interest'
,Labor, maint.
head costs
V
'
86,876
Faxes;
When
Gross
351,083
of
Cost
557,406
"100,801
"352,018
160, p. 5.
reorganization
r
Z 26,176,459. 104,378,607
_____
1941
1942
1943
1944
■'
$
588,802
"172,847
1944—Month—1943
1944—5 Mos.—1943
$27,316,649 $24,205,061$127,918,069$lil,533,314
earnings
3 Mos.
12 Mos.
*57,875
585,455
expenses—,—
•probably
City Bank Farmers Trust Co.,' successor
l
v--3 Mos.
y-v
$
V
"57,221
Ltd.—May Wipe Out Preferred Div-r
iden.d Arrearages Through Recapitalization—
(& Subs.)— Earnings-
1944r—
,y;/y
.
"74,361
Canadian Vickers,
value, which shall include acorued interest.—V. 159, P- 2076.
Period Ended May 31,
.
"29,645
"456,766
•
income
earnings-
Net
-V.
Supply
trustee. 22 William St.,
New York,.NVY.,. will until noon July, 25 receive bids for the sale to it
ofvfirst mortgage 4% 50-year gold bonds due April 1, 1952. to an
amount, sufficient to exhaust $21,683, at prices not to exceed their par''
The
$98,351
"23,116
*256,718
railway--
Period End. May 31—
*
Bush Terminal
1941
>
$114,945
"35,799
"92,525/
•
__
railway ..**____
oper.
'Working
UiabjUitJes-^-Common
v
1942"
$108,522
transaction with its wholly
a
subsidiary, the Lockport and Newfane Power and Water
Co.—V. 160y p. 5. •
• •*,•>••• . -;
•
. - ^
;'''' :'; y
y
stock,
(134,430
shares no par),
$1,616,2156;
'Jong-term debt, $864,000; current liabilities, $334,338; premium'. on
•debt applicable to. presently outstanding issue in process of amortiza¬
tion over life of such issue, $3,473; reserve for depreciation, $1,297,'-
1943
i
.
Canadian Pacific Railway—Earnings—
;
.,
extension
an
654,667
"Deficit.-rV. 159, p. 2299.
y.,/■'• •'•';''YY::
''zY
owned
•
construction,
from
,
Corp.—SEC Ex¬
Eastern Power
&
867,874
*
"54,976
,
income.
oper.
ry
Gross
Buffalo,
2,070,43?
.'
;
rallwuy
from
Gross
•i
■
791,092
From Jan. 1—■
■"
V
y;/'
1,011,700
852,744
,
Net
p.
2,350,176
1,113,285
967,472
* ..■/,
1944
railway—$120,153
from
from
Net
159,
2,556,866
1.266,847
Canadian Pacific Lines in V ermont—EarningsGross
been
of
2,830,476
opei;./income
May—r
,
awarded a contract for the production of
heavy artillery shells by the Army Ordnance Department, C. Jared
Ingersoll, chief of the Philadelphia Ordnance District, announced last
/week. No figures were disclosed, but it was stated the contract would
The
ry.
railway
—V.-159, p. 2299.
Receives Shell Contract—
39,095
;.Z
from
Net
reports/ is. exploring the possibility of
five-year loans^
The move, it is under-
$148,799
$147,905
income
Gross
Income
55,000
'
Net
•■■■•.
railway—_
Gross- from
.
to
itsi outstanding
refinancing
40,595
45,464
•"■ -
^
jstoocj. is..ain)ed at achieving more favorable interest rates than in the
present loan,;' Of the $11,900,000 obtained in March, 1943, fr.opt. a
group
of banks and insurance companies in participation with the
Reconstruction Finance Corporation,- $1,500,000 -came due March, 1,
19.44,. and was repaid." The remainder is due March 1, 1948The
'present setup carries a provision 'for sinking fund payments of
$1,500,000 in each year, beginning March 1, 1944.. In addition, there
is-a
contingent earnings clause which provides that a certain per¬
centage of earnings be paid against the principal.
'
y
.
7.1,565
72,067
t
;•-
49,500
tax—
income.
operating
Total
39,800
_________
yy^,.'/;.//
YThe-'company, 'according
384,497
From Jan, 1—
Budd Manufacturing Go.—May- Refund
(Edward G.)
Notes—
493,362
..Maintenance
-w:
1942
1943
<;
'
ffotal
115
"
i
proceeds
from
the
company for working
sale
of
the
securities
capital.
/
be
to
are
used
,r;.
Capitalization Giving Effect to. This Financing
.
Title of Issue—
Authorized
.10,000 shs.
Outstanding
10,000 shs^
150,000 shs.
"126,652 shs,
,
4 V2 Vc
cumul.
pfd stock
stock
Common
(par $100)
-
^
(par SlUa
u
.
"
p-.:
&
"
Products of
the
of
most
modern
The corporation
V
research
departments
in
aviation'
the
This
Operating
industry.
Utii;
itself has laboratories at Detroit and in Rockford, 111;
Subscriptions to War Loan—
corporation
and
its
division
revenues
deducts.
rev.
oper.
■/ 55,958
subsidiaries,
Net
758,637
in
located
New
441
19,532
"$207,422
(net)
income
$296,073
$2,839,394
$2,695,595
46,597
106,055
£45,895
672
—
offered to
board
698,221
$2,691,875
3,720
shares of
1,717
rently
a
directors
of
thus sold
in
1942
;"•;•/.
stock
common
group
at
1943
of
the
of
officers
price
a
and
of
and
$21.50
.'
/
•'
are being cur¬
approved by the
Common shares
company
employees
per
share.
aggregated 3,283 shares.
-
$206,750
revenues-
oper.
Other
/;■>. Y.Y.,
Th'e
$6,620,507
3,230,411
$2,819,862
68,895.
are 1,737 shares of common
stock previously authorized for
officers and employeees which are unissued.
After the 1,717
have been issued the outstanding cpmmon stock will be 128,369
to
shares
shares.
1944—12 Mos.—1943
-
$295,632
Non-utility costs & exp.,-.
.
sale
•Earnings—
$636,707
$7,041,109
v
272,180_._ 3,462,610
$513,962
251,254
—_
—a
'
and
1944—Month—1943
1- Period End. May 31—
Cleveland, is just completing what is considered to be one
'"There
:
"4."
(«£? - Subs.)
Co.
Power
California Electric
Y :Y • / <
Income Account, Years Ended Dec. 31
// •-Y'YY .)/■///..
1943.
//' 1942
1941
.
York, Illinois, Indiana, Michigan, Ohio and Wisconsin, have subscribed
it was announced on June
$8,550,000 to the Fifth War Loan Drive,
:Z
by Mathew Keck,, Treasurer.—V. 160, p. 4.
'
•
-*".■••
;?•••/;•'
.
j-:-v
V
'30
J
K
Income
*?. V ;f
Fed.
The
company
reports output for June, 1944 of 1,070,793,000 cubic
withh 1,051,838,000 cubic feet for June, 1943, an
Output (in cubic feet) compares as follows:
January
_
February
Jviarch '
1944
1,622,025,000
1,542,646,000
"1,492,823,000
1
:
"Revised
make
to
1,526,970,000
1,335,497,000
1,358,757,000
1,185,410,000
——
May
June
1,215,393,000
1,070,793,000
figure
,
Net,
159,
.s
Operating
Operation
&
•General
Other
the
Mr;
corporation's bank borrowings under a Regulation V credit,
'totaling $30,000,000, have been paid off by t^he Navy Department,
preparatory to the cessation of Navy fighter plane production by the
learned in banking circles on June 29.
y': The Navy recently canceled its contracts with the
"
'
/
company, effective
"
July
Despite the recent labor difficulties in the company's LongIsland City plants after announcement of layoffs arising from the
•contract cancellation, the June production quota was substantially met.
In paying off the company's bank loans, the Navy Department, as
'guarantor, merely assumed responsibility for the debt.
Liquidation
of this and other outstanding claims and counter-claims remains a
1..
problem affecting Brewster's future.
The
company
has received-no new war contracts, despite recent
reassuring statements from Washington, it was learned.
No
com¬
ment was available at the company's offices regarding its plans/'- The
/company owns its main plant at Long Island City and leases its'hther
premises there.' On June 26 the Navy- Department announced that it
•would
The
efforts
329,278
$1,247,108
Z.
12,784
ZY" 11,279
$1,391,297
$1,258,386
p.
The
*
income,—.—
T_
——
preferred
on,
stock
$562,078"
—
•
Dana
ations in
'
:"
and
Seibert,
the rates
4
z
'
Financial
of
Chronicle
President;
(Reg. U.
William
$513,802
208,502
208,502
—
•
1
f ;
*
S,
D.. Riggs,
<
-
•.
:■
c
:
,
.-•
profits
12,224
14,141
191,905
declared
-
168,611
180,629
697,637
365,954
233,155
5,373
4,306
5,488
$352,226
'
tax
profits 'taxes,/ less
excess
/
/
income ;taxes^__^_*.^,^___
:
income
_______Y——-
45,000
45,000
______________
266,715
264,163
215,340
dividends
Preferred
dividends
Z
;
$433,741
45,000
Balance Sheet, Dec. 31, 1913
r
Assets—Cash
han<l-. a/nd in banks, $1,559,497; U. S, Govt, securi¬
ties, tax series,* $100,000;'notes and accounts receivable trade (net),
$1,786,842; other accounts receivable, $5,559; merchandise inventories,
on
$3,161,443; fixed assets (less reserves
$901,982;
deferred charges,
$11,903;
;//;'/■■' /''
.$7,714,050.
■
Z.'"
Z Liabilities—Accounts payable, trade,
for deorec-iation of $912,891),
other assets,
$186,824; total,
:;z
■
-■
$1,104,258;
"•;
other accounts pay¬
$29,961; accrued liabilities, $1,201,380; accounts payable, stock¬
holders, $34,449; reserve for pension to employees, $150,000; preferred
stock (par $100), $1,000,000; common stock (par $1), $111,652; paid-in
/,
Net
from
— _
.
'
'
From Jan. 1—
railway
Net from railway
Net
—V.
ry.
811,513
379,837
269,836
—
income
oper.
"•
.
Gross- from
1942
1943 '
$150,571
4Q.621
24,600
.
53,138'
income
oper.
ry.
1944
$160,018
68.879
railway.
railway
•
"/
-
$168,106
74,740
/
58,218
/
1941
1
$178,825
85,487"
79,395
Industrial
356,893
242,870
Net
—
Net
&
exc.
159, p.
1756.
.1943
1942
$976,9Q9
•
j
590,930
422,221
$385,979
$456,77f
$0.35
$0.41
1944
i
Canadian Pacific Lines in Maine—Earnings—
.
May—.
Gross
from
ry.
"
railway..—
1944
$465,430
187,599
income-*..
131,716
278,107
221,517
..
oper.
>
.*.
■
.
1942
1941
$427,033
1943.
$624,440
railway-.-.—'
.*
from
Net
$319,871
149,705
104,295
128,373,
.
,
William B, Dana Company, Publishers,.25 Spruce
Manager.
Published twice a week: tevery - Thursday
-i
(.si
i(1
t -1
I.Z,
come
1.
; i
,t
$878,992
$0.38
profit
Earnings per common share__u___
—V.
Ltd.—Earnin^s-
589,512
profs, taxes——__
Patent Office)
Business
Earnings
earned
surplus,
$481,329;
92,506
total,
$7,714,050.—
Z
Earnings-
for
i942
$1,729,354
$1,430,360
1,247,697
912,347
$209,093
$481,657
$518,013
$0.63
$0.69
1944
provision
income
1943
$304,378
155,285
before
for
in¬
and excess profits taxes.
Provision
$1,014,747
/
31—
proft bef. inc. & exc. profs, tax
Income
Co.,
1443.
Celotex Corp. (& Subs.)
328,950
$425,235
9 Months Ended May
*
Alcohol
$3,601,021;
p.
6 Mos. Ended April 30—
686,344
r
Canadian
159,
'
•
865,758
406,454
'
159, p, 2299.
surplus,
V.
>
839,709
285,505
199,429
and
excess'
profits taxes
Net profit
....
Earnings Qn 638,410 shares of common
•/
stock
...
$0.17
The Consolidated income statement for the
1944,
follows:
Net
sales,
•
six months ended April 30.
$10,025,147; cost of sales (including selling
but exclusive of depreciation, depletion
net profit from operations before de¬
and
administrative
expenses,
and
amortization).
$9,317,374;
preciation/depletion and amortization, $707,773; other income, $60,725;
total income, $768,497;
other deductions, $90,788; provision for de¬
preciation, depletion and amortization, $313,331;
net profit before
provision for income and excess profits taxes, $364,378; Federal nor-*
mal tax and surtax, $145,521; Federal excess profits tax
(less $285
post-war credit),- $2,566; other income taxes,
$7,198; net profit,
$209,093.—V. 160, p. 5.
'
.
St., New York % N. Y,, BEekman 3-3341. Herbert D. Seibert,
(general_ news and advertising issue)^ wit*La Yta llca .-..ssue
exchange, remittances for foreign subscriptions and advertisements must be made in FTew York funds.
'
Y
$867,154
11,330-
_•
and
post-war refund
State
/.
744,584
829,219
_
from
Gross
Net
Net
(New York "Times.")
4.
Commercial
William
'
—
income
May—
company's board of directors and officers are continuing their
to/find work for the Long Island City plants and are seeking
160,
excess
Federal
f
—V. .159, p. 2515.
as
the aid of the Federal Government to this end.
V.
260,900
—
343,491
Dividends
the Government-owned Brewster plant at Johnsville, Pa.,
an
aircraft modification and engineering center,- thus
'removing it permanently from the Brewster picture. '
'
'
'
value
Net
reopen
week
-pext
—;
corporate
14,386-
$903,321
$414,720
income taxes
251,131
$1,378,513
Gross
/
$1,320,966
_r___
117,081
Cambria & Indiana RR.—Earnings-
Off Loans—
The
was
138,108
depreciation—
for
41,519
$840,812
20,34?
able,
Brewster Aeronautical Corp.—Navy Pays
it
Cr38,294
—^__
...
income
Net
new
company,
Cr36,078
—
Z
deductions
/
to' con¬
Deductions
breweries,
*/ The purchase price was not disclosed.—V. 159, p. 732.
.
$3,152,889
1,439,139 '•
1,246,580
announces.
Brewing Co. (Waidorf beer and ale) will increase
Corp.'s production to over one million barrels a year,
corporation, Carlings, Inc., a wholly-owned subsidiary of the
-Brewing Corp., has been established to consolidate operation of the new
'
chargeable
exps.
;
taxes
28,304
$888,935
Cr35,321
$1,309,691";
11,274
income
Common
Bohannon said.
A
___:
accounts
Z—
Federal
earnings from, operation
Net
City
doubtful
Balance
$3,524,074
——
engineering
Maintenance
'/■ Acquisition of the two companies, the Tip Top Brewing,Co. and the
-/Brewing
for
Income
1943
1944
————L—
revenues
struction
V The corporation has completed negotiations for the purchase of two
Cleveland breweries, James A. Bohannon, President,
Other
Co.—Earnings
12 Months Ended May 31—
Provision
-Forest
$977,035
$1,288,886
.
Brewing Corp. of America—Expansion—
„
76,130
-
_
Gen.
2411.
p.
Selling,
421,363
704,613
$113,888
$103,125
income
—V. 359. p. 2515;
.
—2.5
+1.8
1,051,838,000
comparable.—V.
+ 2.3
—1.7
1,297,19.7
,,
less discounts, etc— $20,014,847 $16,856,456 $15,371,835
goods, sold
:
16,405,254
13,806,319
12,490,254
gen. and adm. -expenses___
2,335,224
2,132,898
1,993,249
sales
of
Provision
57,700 "; •//Z
prof.- tax>
California Water Service
% Change
—1.9
+3.3
1943
1,653,787,000
1,561,456,000
April
•
.
mcome-
on
1.8%.
of
Month—
;
,
exc.
Cost
Balance
compared
as
increase
-i
deductions...
taxes
(incl.
Bostou Consolidated Gas Co.—Output .Up 1.8%—
feet,
income
Gross
/./yy;:;.vv,
;,.
:•/.
Gross
'
^
Editor and Publisher,
„/ *„*/*//
Net
railway—_
$3,286,024
railway-—..,969,277
from
Net
;y,
From Jan. 1—
from
Net
railway
16,036,442
4,561,600
15,478,122
6,007,710
3,904,726
477,880
P.
tive—
application
Corp., and
its subsidiary, Kanata Realty Co., Inc., the first two companies being
subsidiaries-of Niagara Hudson Power Corp., in turn a subsidiary of
The United Corp., regarding the sale by Kanata and the acquisition
bv Northern of certain undeveloped water, dam and power sites:for a
cash purchase price of $7,754; the sale by Kanata and the acquisition
bv Contra! of the remaining assets of Kanata, except, current assets
for a cash purchase price of $686,831; the redemption by Kanata of
SEC
The
June 28 issued an order granting the Joint
Development Corp., Central New York Power
on
Northern
of
first mortgage 5% sinking fund
amount of $502,000; the discharge
Electric Building
in the principal-
Si
Gas
Utica
its
outstanding
bonds
liabilities and the proportionate distribution of
Central and Niagara Hudson in settlement of open account
in the sums of $880,107 and $317,277 owing Central and
Kanata's current
of
cash to
vances
Operating
Operation
_________
Depreciation
——
91,000
75,000
tax—
536,000
23,000
Net operating income
$627,267
$958,428
$4,189,167
3,652
2,991
4,284
______
$630,920
$961,418
other deducts.—
301,438
$4,193,452
2,206,784
Other
$3,520,175
1,635,994
$1,986,668
$1,884,180
Fed.
.
■'Federal
prof,
excess
Other
taxes-
income
(net)
income
—
.
income
Net
$317,537
$329,481
—
159,
""Revised.—V,
643,881;
$3,$$,638
for
Deductions
the
on
common
stock,
Inc.—Resumes Dividend-
distribution was made
similar
Sept." ,1.
A
since.—V.
159, .p.
payable Sept,
no par,
'-V. :
2631.
Feb. 15,
on
'
•'
_
.
$100,250;
-/A A,:;;./'.AA
prepaid
Chicago Corp.~-To Acquire
Menefee Gas Leases—
to
Oil Corp.
Chicago & Eastern Illinois
Gross
from
Net
from
Net
ry,
-1944
Net
1941
$1,759,530
1,056,400
462,188
income___:
203,137
from
Net from
Net
ry.
xy.
209,633
—V.
14,269,253
13,235,579
8,342,715
5,249,256
2,107,487
1,620,159
1,955,104
857,736
f
FromJan. 1—
from
Net
from
Net
ry.
—V.
v
159,
;
'Aa
''A
12,826,425
4,143,978
income.,—
1,402,331
;
'
•
,%aa
524,605
v
,
-
•
,
was.
(a)
fair and equitable;
——J
—
A
recognition to the-rights of each class of creditors and stockhold¬
(c) does not discriminate unfairly in favor of any class of creditors
(d) will conform with the;requirements of the law
regarding the participation- of the various classes of creditors and
stockholders, and (e) provides for the payment of all costs of admin¬
istration and all other allowances, made or to be made by the court
judge.
A -■ ■'
'• V; ■. $' •'
"The court concurs with the Commission in finding that the (modi¬
fied) plan of reorganization will afford full compensatory treatment to
holders of senior bonds for the loss of their senior rights, and that as
thus modified the plan will meet the requirements of Section 77 of the
Bankruptcy Act, will be compatible with the public interest, and should
approved.
.
-
t
'
Company
on
July
to
issue
ditional
sales
asked authority of the Interstate Commerce
promissory notes for $366,204 to evidence con¬
4
contracts
diesel locomotives.—V.
of
like
159, p.
amounts
5.
covering
the
purchase of six
311,777
70,538
57,632
57,579
of
leasehold
of
641
trust
p.
641
$45,689
-
company
bonds,
on
account
—
/: 1
income
$4,229,658
$3,723,346
4,030,684
78,746
"■3,192,370
56,943
*2,941,952
58,286
$723,107
$1,301,535
$980,345
21.107
17,330
19,655
18,892
$2,164,736
$1,318,865
$1,000,001
$742,000
40,670
$2,143,628,
funded debt
on
16,219
24,009
31,804
52,313
63,706
21,349
23,085
1,404,473
735,967
368,032
'138,626
202
202
603
$494,979
*$578,612
*$539,014
interest
Other
1—
Federal
for
Debt
15,726
.
taxes
income
2,240
"
disct.
&
Balance
202
surplus
$691,525,
and 1941 revised by amounts written off for San Diego
in excess of actual amounts paid.
contract
Consolidated
has
2192.
159, p.
equip.,
Investments
;
;'v;^
J',
Dec. 3.1—
.
.
•
A
;
-
Inc.
■..»
&
Prepaid charges '
Deferred
Notes,
Subs.)—
(&
a
,
.-
„
-
—
$2,418,717
$2,988,536
8,163
69,177
profits
State and
Class
*
Argentine income
'twit
,
tax—net
i'i
B
dividends
dividends
taxes_„_
$3,057,713
1,224,000
315,993
1,7281,000
^85,460
^—U
'
income
After
:
—
—
:
$886>,886
408,641
120,000
—_—*
deducting post-war refund:
1943, $136,000;
;—•——$1,044;253
1942
332,445
133,213
726,000
interest
receiv.
828,000
456,007
411,584
(net)
Inventories
'
139,478
286,883
$9,611,510
239,578
a
274,669
$9,823,447
Liabilities—
Notes,
accounts
accrued
Interest
payable," accrued payrolls, etc.
on funded debt.____l___^_L__
Taxes accrued
debt i_
Deferred
;
bearing notes,
outstanding..-/...,
items
726,000
828,000
9,880
181,760
;___/^/.i_L.i„__/
131,117
1,000,000
1,000,000
1,000,000
;
2,840,589
942,945
942,945
$9,611,510
157, p.
$9,823,447
1422.
Announcement
has
1,640,000
3,332,788
_________
Total
The
530,000
1,000,000
surplus
Capital1 surplus
-V.
394,285
854,859
161,635
cumulative preferred Stock/.
Common stock
•
Earned
303,026
6,599
1,484,724
V
123,788
Reserves
he
—
A
$7,603,955
f." '118,874
and
6%
$2,426,880
—
1943
351,391'
charges
accounts
Funded
.
-
1
operations—_j.-j.-__
income—net
31
w^_^—;
Crown Manufacturing Co. of
profit from
Dec.
'?■'•«
goodwill.$7,532,875
Total
;
:
.
property
Cash
Industries,
Chemical
Sheet
Balance
Assets—
Plants,
—
Preference
"Sun"
'
1943
1942
Gross sales, less freight, disc., returns & allows. $11,104,499 $11,569,763
Cost.of goods sold—-i—
1
7,129,789
7,165,405
Admin., selling and general expenses
;.r—
733,405
717,264
Depreciation of plant and equipment
—
428,407
413,348
Amortization of emergency plant facilities
197,577
77,087
Taxes
(other than income)—.
196,602
208,123
Net
,'
expense
amortized
*1940
$47,494
—$54,281
Earnings—<'• '.%
excess
1940
/ i94i
■.')
u
$5,410,965
,
income
Interest
■ ■
4,555,021
88,341
income__L.
oper.
Other
$91,343
30,303
7,046
,
12,431,910, or 5.33%.—V. 160, p. 6.
income
liabilities,
$6,786,991
Non-interest
Net
accrued
1942
1943
operating
Depreciation
.
Consolidated
Net
$6,601;
(trade),
at
Operating exps. & taxes
weekly kilowatt hour output of electric energy
Years Ended
$4,777,114.
security
$63,220
open
it was stated.—V.
of
total,
payable
social
income
corporation adjusted to show general business conditions of
increase
V
"
$136,646;
accounts and notes receivable
assets, $4,487,903;
prepaid expenses and de¬
fixed
$56,123;
accrued
Sales Si misc.
of subsidiaries of
terri¬
tory served for the week ended June 29, 1944, amounted to 245,598,437
as compared
with 233,166,527 for the corresponding week in 1943, an
The
1944
(TJie) Copley Press, Inc. (& Subs.)- -Earnings-
Commonwealth & Southern Corp.—Weekly Output—
this
May 31,
$84,072;
indenture,
$13,365;
Years End. Dec. 31—
.
company,
Sheet,
hand, Including $29,572 payable to co¬
cash held by co-trustee under
on
1944),
and withholding taxes, $2,825; accrued
3% per annum, $293,906; lease deposits and
advance rentals, $10,021; income mortgage and collateral trust sink¬
ing fund bonds, due Dec. 1, 1954, $4,702,500; capital stock .(par $1),
$9,542; deficit,; $256,143; total, $4,777,114,—V. 159, p. 734.,
iU.L
$60,980
.it.
6.
Balance
and
10,
Liabilities—Accounts
4,303
<
June
charges,
$7,862;
organized the Frederick H. Levey Co., Ltd.', to
engage in the manufacture and sale of printing inks in Canada.
The
new
company has acquired the printing ink'business
and factory of
Thorp-Hambrock Co., Ltd., at Montreal.
The former owner will hold
a
stock
interest and
participate in the management of the new
The
Federal,
Commission
of
$394,897
70,538
(paid
terms
ferred
Columbian Carbon Co.—Forms New Unit—
"■Federal
Chicago & North Western Ry.—Promissory Notes—
payment
313,442
Consolidated
1943
,,.j
$88,674
29,587
'
—.
—
and .taxes.^
160,
V.
.
a
May 31/44 Nov. 30,'43
Assets—;Cash in bank
trustee
$59,086
2,240
note &
income
Net
Other
.......
ago,
Company and Wholly Owned Subsidiaries
$34,997
___$61,326
finding that the equity of the holders
of debtors' preferred stock and common stock is of no value and the
holders of such stock are not entitled to participate., in the plan;"—
60, p. 5.
months
Six
:a".':,j;*'a'^•■'*
a
-
Depreciation
due
"The court reaffirms its former
Statement—
$407,203
y
reor¬
stockholders;
4>/4%.
reduced
'aa
interest
(trade),
62,468
accruals.,.,
income from subs, applic. to corporation.
from
—V.
1
(b) affordis
been
Statement of
income
Bond
4,381,295
2,573,360
2,219,437
1944
.
income
Expenses
ers;
J
made, a-
,'r
payment of reorganization fees totaling $509,000 up to August, 1943,
these including attorneys' fee, expenses and committee'' costs'.' ;.Y
The court held that the plan
Changed—
Angeles, Calif.
Interest—Semi-Annual
Six Months Ended—,
479,635
••
''l-'.;."- a:5,582,044
4,989,532
3,075,924
2,790,651
2,499,938
2,288,300
—
-reserve
deductions
1,021,772
a//'.-'. r,A;A;'-.A
at
Expenses
$153,470
62,127
income
Total
ganization litigation that has been in process since an equity receiver¬
ship in 1928.
The court overruled all objections to the modified plan.
Certified copies of the court's order, findings of fact, conclusions at
law and the decree will be sent to the ICC.
The court also approved
be
now
was
1941
$151,141
Int.
Michael L. Igoe approved June 30 a modified plan of
reorganization for the road in line with a United States Simreme Court
decision of March, 1943, and Interstate Commerce Commission action
last December.;
A.1;';Ar'
or
has
Income
; Gross
$149,167
2,625,588
A
bonds
a
Accrued
1934,
8,285,344
Court Findings
St., N. Y. City, will until
Wall
16
receive bids
fund
Amendment
1%%
A
$935,583
$148,351
' 2,791
Net
Federal Judge
.
of
Reserved
Chicago Milwaukee St. Paul & Pacific RR.—Court Ap¬
-
439,487
■
met)
income
Income
•277,804
Attorneys said that in effect Judge Igoe's action virti'-ally ends
1944,
The company on July 1 paid to the holders of the income mortgage
collateral trust sinking fund bonds interest of 2%, of-which iy2%
was for
the six months ended May 31, 1944,, and one-half of 1%, was
on
account of accumulations.
Unpaid interest accrued since Dec. 1,
33,790
Gross
$1,810,589
653,115
/a-'V'
trustee,
Co.,
1,
sinking
and
616,516 v-\' 1556,872
•'
' 37,254
4,689,893
Reorganization—
v.
Consolidated Office Buildings Co.,- Los
Total
1941"
.
proves
kwh., compared
with
of last year, a decrease
.
,
.*
12,260,022
9,663,596
3,010,535
1,462,333 A 1,027,804
week
'aA%,-aa'
•
—Reduces
interest
March 31—
2412.
p.
•;-
%1,069,536
548,699
taxes
Retirement
,
,-/A
railway.^..
railway......
oper.
Tax
Net
i J
'.
a
changing the certificate of incorporation
respect to the dividend rate on shares of preferred stock which
be issued hereafter were filed on June 30, 1944, with the State
Commission of Maryland.
See also V. 159, p. 2633.
may
Colonial Utilities Corp. (& Subs.)—Earnings—;
Other
r
1944
A", '1943 "a'"a 1942
Gross from railway.—$2,646,920
$2,501,835
$1,940,465
Net from railway
876,990
995,196
626,490
Net ry. oper. income..."
288,483'
298,161
168,648
Gross
599,045
6,123,055
3,313,690
2,725,836
—
12 Months Ended
Gross
v "
'
158,000,000
corresponding
Consolidated Laundries Corp?—Certificate
:
Chicago Great Western Ry.—Earnings—
May—
;
Utility oper. inc. before retir. res've accru.—
2,034,371
919,500
income.—
1968.
159, p.
J
7,417,245
4,372,932
railway—
\
'
a
1942
1943
$1,063,857
-
.
oper,
Other'
railway.—
oper.
Trust
mortgage
160, p. 7.-
with
Operating revenues :
——— ;/*' .$471,590
$443,124
Operations —
—220,361
203,969
Maintenance. —v;;;,
41,011 :'■>. * 37,880
Federal income and excess profits taxes——
24.613
18,317
From Jan. 1—
Gross
V.
.
461,116
321,208
income—'
income—^..
—V.. 159, p. 2300.
$1,552,166
951,546
$421,778
152,311
.
^
to
amounted
Aug.
p.m.,
Amortization
,
573.
for the sale to it of first
prices not exceeding 107
and interest for series N, 3 'A %, due Dec.
1, 1971; at not exceeding
107
and
interest for series
O,.
due June 15,
1968; at not
exceeding 106 and interest for series P, 3%, due June 1, 1969, and at
not exceeding 108 and
interest for series Q, 2%%, due Jan. 1, 1976.
There will be available
for the purchase of such bonds $683,212.—
'
,
p.
Sought—..■",.. a' —.,V';:
Bankers
o'lock
refunding
parent'company,
.
:.
707,891
,
railway——
railway
from
Net
v
363,688
•
from
Net
as
-'-1942 .rt!"-:
1943
oper.
ry.
From Jan. 1—
Gross
RR.-^E^$ings--
rv-i-j
$3,062,955A $2,747,335
railway-
railway.——
oper.
.
.'■■'a:;.1944
;*>l,257,i44
May—
•
:'i
■
Co.
Power
&
Gas
■
Gross, from railway^--,
Net from railway—
begin about Jan. 1, 1945.
This, transaction gives' promise of increas¬
ing the revenues of Salt Dome'by a minimum of-$5,000 and a maximum
of $25,000 per month after deliveries are commenced,—V. 159, p. 134.9.
May-
'
1505.
Clinchfield RR.—Earnings—
-
A-
The
3
in aid of
$7,692; 5%
preferred stock (par $100), $1,400,000; common stock (par $85), $1,700,000; capital surplus, $94,525; earned surplus, $73,242; total, $8,155, p.
electricity
—Tenders
$556,315; deferred credits, $786; contributions
construction, $86,023; premium on sale of preferred stock,
279,117.—V.
American
Consolidated Gas Electric Light & Power Co. of Bait.
tirements,
Salt Dome and 16.89% by Pah American. - Salt Dome will be the
Initial-operator'of the properties.
The Chicago Corp. and Pan Ameri¬
can have also purchased
at cost a like interest in two completed gas
wells owned by Salt Dome.
V,"' v"-: a A. /'A: )a"A;As a further step in the transaction, if consummated, Chicago, Pan
American
and Salt
Dome have contracted with •' Tennessee Gas &
Transmission Co., present builders and future operators of a gas line
from Texas to Virginia, for the sale of gas from the Menefee area
with a minimum obligation by Tennessee to purchase 10,000,000 cubic
feet per day;
The price to be paitj by Tennessee for'gas is 5 cents
per 1,000 'cubic- feet during the first five years, 6 cents • during the
second five years, 7 cents during the third five-years and 7%
cents
during the last five years of the 20-year term of the agreement.
It is anticipated that deliveries of gas under this agreement will
by
of
tion
180,400,000 kwh. for the
12.4%.—V. 160, p. 7.
of
accrued,
$34,006;
advances for construction,
interest
Ask 1-Year Extension
end
extension of one year from July 2,
an
company on July 5 announced that System output of electricity
(electricity generated and purchased) for the week ended July 2, 1944,
to 158,700,000
kwh., compared with 189,300,000 kwh. for
the corresponding week of 1943, a decrease of 16.2 %.
Local distribu¬
accounts payable and sundry accruals, $12,954; divi¬
on
preferred stock, $5,833; taxes accrued, $193,381;
customers' deposits, $86,598; customers'
$28,593; reserve for depreciation and re-,
$49,169; other
dends
aicrued
Power Co;
for
Consolidated Edison Co. of New York, Inc.—Output—
(due. Nov. 1,
accounts payable
3¥4%
A,
series
$1,-
taxes,
The
"
bonds,*
mortgage
profits
excess
•Light Co. and American' Utilities Associates.—V. 158,
55,044
^••yvvAr'"
Water
and
1944,
comply with Commission's order directing American Gas to dispose
of its interests in Birmingham Gas Co., Savannah Gas Co., Jackson¬
ville Gas Co., St. Augustine Gas Co., Bangor Gas Co., Lowell Gas
Articles
notes payable to banks, $50,000;
Works and Electric Co., Inc.,
$3,900,000;
American
income
to.
.
.
state
Community Gas &
have petitioned the SEC
$215,464
31, 1943
Dec.
for Federal and
Community Gas & Power Co
The
-
construction materials and supplies, $25,396;
taxes, $13,357; deferred charges, $325,694;
and
and
operating
insurance
I Liabilities—First
1965),
approval by the Reconstruction Finance Corp., the
and the Pan American Production Co. have sold
to the Chicago Corp. an undivided one-half interest in leases covering
approximately 6,400 acres in the Menefee Gas field area of Texas, it
was announced on July 5 by Salt Dome.
Upon completion of the deal,
Ihfe Menefee leases will be owned 50% by the Chicago Corp., 33.11%
Conditioned upon
Dome
at
$3,279,117.
total,
Salt
Sheet
Balance
'
years.
accounts
$196,511;
subsidiary,
capital surplus, $151,715; earned surplus, $2,467.,793; surplus allocated,
jDr$271,529; total; $11,987,525.—V, 158, p, 2043.
* "
VA
reduced and net income was
such prior
banks—Argentine
subsidiary, $53,599; class A participating
(liquidating value $27.50 per share) stated at $6,315,-.
705; class B common stock (80,000 shares, no par) stated at $398,615;
plant and equipment, including intangibles, $7,624,bl5; cash in banks and on hand, $188,181; special deposits, $1,625;
accounts
receivable (less reserve for doubtful accounts of $4,493),
1938; none
'
.
to
reserves—Argentine
627,000;
Assets—Property,
of 10 cents per -share
15 to holders of record
,
,
provision
$269,467
increased
by approximately $85,000 in.1941, $49,300 in.1942 and $39,400 in 1943
as a
result of certain tax credits arising in connection with -the re¬
demption of bonds in 1940 and 1941. . In 1944 there will be no similar
available from
United
$1,527,773;
and notes receivable, (less
$41,763), $1,078,512; in¬
preference stock
:; a
$360,991
-'145,526
' " $249,502
—-U-II
income
"■Federal taxes on income were
June 30 declared a dividend
on
Liabilities—Due
$360,971
$421,778
19 a*:;
153,634
1
of
notes
payable—trade creditors, $549,352; taxes payable and accrued, $106,532;
dividends declared, $131,250; sundry payables and accruals, $260,981;
54,875
13,515
174,097
' $403,136
___/./
'•
directors
The
,
and
amounted
48,459
125,000
187,345
58,989
*
$32,866; accounts
accounts
1943
transit,
in
and
$1,329,647; property, plant and equipment—net, $7,352,758;
charges, $151,535; post-war refund—Fed. excess profits tax,
investment in Nyotex Chemicals,
Inc.—one-third interest,
$200,000; sundry other assets, $26,625; total, $11,987,525.
1941 $1,023,946
304,634
$402,852
A:,A 283
™
_
reductions
Ribbon Mills,
Century
T
and retires—
deprec.
income
Gross
.
5,537
of:
51,716
107,050
181,928
60,419
;
—
Operating income
Non-operating income
2631.
p.
income
on
taxes
Net
income
Gross
•
Int. &
__
doubtful
hand
ventories,
*
1942
$1,099,138
318,373
1943
$1,122,212
—/-//-.V''
318,244
__-/
A—-'
taxes
Provision
257,732
Federal
expenses
Maintenance
1,020,849
445,000
107,700
1,036,892
348,000
A 614,000
270,234
income
Refundings—
Chattanooga—Earnings—
.
/___-,-
revenues
Operating
than Fed.
other
Taxes,
1,277,442
365,491
451,022
———_——-
Maintenance;
Calendar Years—
Operating
$2,862,740 $13,588,533 $11,151,522
972,878
4,625,270
3,737,392
186,020
1,155,134
838,693
389,683
1,620,071
1,487,250
$3,618,457
revenues——
%
1944—12 Mos.—* 1943
1944—3 Mos.—* 1943
Period End. Mar. 31—
for
Sheet Dec. 81,
Balance
on
$287,809;
series E bonds,
3%%
banks,
deferred
proposed refunding of $14,000,000 Chicago
a
mortgage
City Water Co. of
*
Central Power & Light Co.—Earnings—
"
its
ad¬
Ni¬
Kanata.—V. 160, p. 5.
respectively; and the dissolution of
Hudson,
agara
first
in
savings bonds,
war
reserve
\ // \a A-/,,,/--
/
•
,
,
States
Union Station
due July 1, 1963, and $49,121,000 Kansas City Terminal Ry. first mortgage 4% bonds, due Jan. 1,
I960, were disclosed June 30 when Federal Judge Michael Igoe at
Chicago authorized the Chicago Milwaukee St. Paul & Pacific RR. to
enter
petitions with other participating railroads with the ICC for
approval of the proposed transactions.
A
a
The Chicago Union Station bonds would be called Jan., 1, 1945, and
the company would issue $37,800,000 first mortgage series B bonds and
$6,200,000 serial notes.
The former would bear interest not exceeding
3% annually and would be dated July -1, 1944, and mature July 1.1963.
The serial notes would be dated July 1, 1944, and mature- in 19 instal¬
ments, one of. $500,000 on July 1, 1945, 12 instalments, of $250,000
Jan. 1 and July 1, 1946-1951, and six instalments of $450,000 Jan. 1
and July l, 1952-1954.
The serial notes would bear interest specified
in the bid accepted by the company.,
* .
'
a /... \
A ;
"
The Kansas City Terminal Ry. issue would be redeemed on Jan. 1,
1945, at 105.
A new first mortgage covering. substantially all terminal
property would be executed and not exceeding $47,000,000 of new
bonds would be sold to provide partial funds for the redemption. of
the present bonds..,- The new bonds will be dated Oct. -1, 1944, and
mature serially to Oct. 1, 1974.—V. 155, p. 2181.
yac;v-.</a'A^A-'A
Details of
Co.
Corp.- -Declaration Effec-
York Power
New
;•
5.,
Igoe
L,
Chicago Union Station Co.—Rail
8,449,693
2,116,808
1,372,767
1,977,893
2,740,145
159, p. 2516.
Central
Assets—Cash
334,901
10,338,282
2,414,447
—
income-.-.
oper.
ry.
—V.
*
railway—-
from
Gross
Net
653,091
income„.-f'
oper.t
Judge- Michael
Federal
$1,775,103
$3,200,089 ; $2,247,915
726,684
1,164,422
577,379
696,269
from
"
has set Aug. 16 as the date for
hearings on petitions for institution of bankruptcy proceedings against,
the Chicago Railways Co. and other Surface Lines companies.—V. 160,
"'*941
1942
1943
1944
May—
Gross
Consolidated
"J ChicagoSurface Lines—Hearing Aug. 16—
Central of Georgia Ry.—Earnings-
Monday, July 10, 1944
FINANCIAL CHRONICLE
THE COMMERCIAL &
116
was
purchased all
Pawtucket
Pawtucket, R. I.—Control
made by
of
the
plant employs
Jacob Ziskind of Fall River, Mass., that
outstanding stock of the above company.
approximately 700 employees, has 60,000
spindles, and is engaged in the making of combed yarns.
Mr. Ziskind is said to have paid $235 a share' for the
announced
that
assumed the
stock.
He
he would
duties of
continue the operation of the plant and has
President, succeeding E. Kent Swift, resigned.
411,855
120,000
1942, $192,000.
•
Cudahy Packing Co.—Special Offering—A special of¬
fering of 15,000 shares of Capital Stock (par $30) was
Volume
made
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4297
160
instrument
July 5 at $27%
the New York Stock Exchange,
on
—V.' 159, p.
1860.
directors
The
■of
payable
each
Sept.
of. record
holders
to
1
made
were
the
on
Aug.
stock
preferred
$8
March
on
and
1
f.1944
April 30—
,■
Net1 income'. After .all charges and
3 Mos. Ended
Federal/income taxes^_i-__„»^-w1-
June
Earnings per
^~V.
'
common
2301.v://;/ >Xr:XXX'X.':XxX: X,:: X :y -</::''/'-•r
159, p.
-Payment of Cer-
Denver & Rio Grande Western RR.-
in
that
1
McCarthy
trustees,; Wilson
with'and
accordance
and
•
to'the
subject
after
Juiy
provided
in
the
Grande
Rio
order:
court
Western
,/
to
1939,
1,
be
in
applied
full
&
Denver
Grande
Rio
«
//'./'"
$54.55
con sol.
1st
RR.
United
to
applied
payment
on
thereon
of interest
account
on
*
•
•
for
'
■
/_™™_*;;.-^c^.^X^^^z^XX^X~^JXXXr $22.53
1943
"year
Denver
&
Jan.
1936,
$500
each
on
bonds, due
cqnsol. mtge. 4 %
1st
Grande RR.
Rio
1,
bond
presentation
upon
.///■:*///■
to
United States Trust Co. of N. Y., payment to be applied on
$11.27
payment on account of interest thereon for the year 1943
Denver & Rio Grande RR. 1st consol. mtge. 4J/a%- bonds,
due
Jan.
applied
;
the
.
1,
United
to
on
year
Grande
Rio
1936,
.
It
-
-L——
:.ki,
$556.43
of
4s
of
owned
1990,
stock
common
;
■
:
82,365
Dr45,040
74.245
$171,177
$2,723,592
$2,798,945
88,671
30,857
32,390
390,355
461.780
$138,787
$2,333,237
$2,337,165
8,632
8,632
.103,579
103,579
$151,381
div.
$130,155
$2,229,658
$2,233,586
requires.
Federal
for
income
surtax
tax,
and
Fed,
excess
&
tax
•
surtax
profits
Assets—
$1,163,747
$1,149,211
17,510
33,365
198,598
231.419
/•
;
,
Sheet, May 31
1943
1944
,
,
Plant, properties/pipe lines and
fund
equipments,™ $31,585,279 $30,202,695
925.774
1,107,491
accounts,;^.
-
1,307,302
652,094
U.
S. Treasury
Special
350,000
500,000
series C)___..
deposits
20,012
receivable
Notes
7,092
receivable
Accounts
each
(fax
notes
Materials
and
Prepayments
supplies
20,756
1.401
"
859.252
849,046
342,359
•
297.510
•
26,694
24,494
.-
Total deferred
debits
212,895
Reacquired secdrities
25,967
,
Total
.-
$92,442
tax
•
,_••;•.•
1944—12 Mos.—1943
$105,215
Comparative Consolidated Balance
Investment and
profits
excess
follows:
is-as
inc/
-
/
189.122
25,967
$35,326,729 $34,206,471
.
'"Liabilities—
7%
cumulative
Common
preferred stock (par $100).
stock
Premium
($3
Taxes
Shore, all owned by the Canadian Pacific.
' . ;/
.1
remains available for distribution $230,000
3,497,212
10,400,000
11,200,000
1,500,000
89,133
2,000,000
(common)
360.205
1.729,507
'_
33,597
38,008
7,444,434
6,153,850
accrued
Reserve
for depreciation___«__„__™™—
Contributions
Earned
100.695
312.122
360,205
1,799,843
declared
538,316
accrued
Interest
second
1,804,782
1,804,782
3,497,212
bonds, 3% series, 1957——
2% note payable to bank (1945)_r.____
Miscellaneous long-term debt
Accounts payable
Dividends
$1,479,700
$1,479,700
par)
stock
common
on
First' mortgage
,
:
;
8,834
25,174
$160,013
,
Fed.
pointed out there
was
new
*
13,236
1944—Month—1943
by
for
$2,784,519
$190,870
Note—Provision
tax
j
.
1.595,574
$2,850,997
Dr7,308
income
Balance
shares of
$23.24
-v
mtge. bonds, due April
Ry.- 1st consol.
Western
■■
1,720,140
$154,836
™__™-..
income
stock
Pfd.
,
15,939
claim.'
132,158
$211,414
deductions^,
Net
mortgage income bonds; along with such additional
stock, if any, as the Commission may conclude from the evi¬
dence to be submitted at the hearings on the plan if justified.
,
of
interest thereon for
account of
on
consolidated
get
the South
of
Trust
payment
1943™
$].G0 of
1.148,546
.
develop¬
&
costs
Income
the Canadian Pacific also,
$1,000 principal amount
of bonds.The issue would be given 20.16%
of its total claim, $41,695,320, representing principal and interest to Jan. 1, 1945; in common
stock, or 84,060 shares.
The committee termed the balance of this
claim as "impossible of recognition in the distribution of new securities,
as
having no .value."
-V,'//
:■
./-•
;
The old preferred and common stock, and $9,120,000 of 4%
income
certificates dated Jan. l, 1893, and $884,668 in advances made by the
Canadian Pacific would be excluded from participation in the plan on
the ground that-each of the claims, "is without value within the mean¬
ing of Section 77 of the Bankruptcy Act, as amended."
' - •
For the $1,000,000 of Mineral Range
RR. Co. 4s, owned by the
Canadian Pacific, the plan allots $230 of second mortgage bonds and
$270 in common stock per $1,000 bond^ should the ICC find an allot¬
ment, to the Mineral Range "warranted and fair and equitable."
There
;are also several other small issues of the Mineral Range,
a subsidiary
Aach $1,000 bond upon presentation
Co., New York, payment to
on
States
would receive
each
1,191,500
,
96,820
income
Gross
Representing principal and interest to
shares of stock, at the rate of one
claim of $1,593,960,
1945,
for
.
5M bonds,. '■//'//'., /' <„ •: //
mtge.
1, 1936, on each $1,000 bond upon presentation
States Trust Coi, New York,
payment1; to be
due Jan.
-l,
247.625
89,891
:
■
,
interest thereon for the year 1942
1943 and on account of
its total
The
-
due
presentation to
York; payment
for interest thereon for the year
on
.
Marquette Houghton & Gr.tonago RR. and the Marquette &
6%' bonds of 1937 would be given $1,480 in common. Stock
each $1,000 bond. /-The Ca;hadian: Pacific ho.ds these bonds, and
would
1st' trust mtge. bonds,
Co.
Ry.
eacii $1,000 bond upon
Central Hanover Bank and Trust Co., New
July
ment
Other
The
share
2.139,528
312,326
'
re-
revenues-™
Exploration
securities allotted to the Canadian Pacific."
committee, expressed the view that
with the principles of the
accordance
Jan.
to
$7,915,792
2,009,702
26,900
<
152,540
Net oper.
for
Apr.l
10
for
Taxes
for
court's
of
provisions
27, 1944, they will -be prepared to pay on- and
the holders of the following bonds outstanding in
the
hands
of
the
public or pledged- the sum of $2,398,679, ' being
payment in full or on account of the interest installments wnich are
dated
order
facts
be held on the plan," thd
reorganization "to receive
of their entire bundle of rights prior in
Western RR.
announced. July
Henry^wan,
in
$8,084,665
168,804
17,523
(prov.
tirements)
bonds.
' '.
tain Interest—
The
1942
1943
'■/••/•■:/
$70,452
$61,776 .-, $31,287
'v:$0.57.X''.... $0.23
;:-
"additional
of
because
Earnings—«
1944—12 Mos.1—1943
138,370
Deprec
the
"
$572,589
Maintenance
to
in
,
Dejay Stores, Inc. (& Subs.)—Earnings—
!
and
hearings
entitled
are
satisfaction
in
new
any
reason
the
at
5s
(Del.) (& Subs.)
1944-^-Month—1943
$616,666
revenues
Operation
the reorganization "should
so-called 'Deep Rock* doc¬
trine. as dclared by the U. S. Supreme Court in Taylor v. Standard
Gas Co."/
' v ■: '
■■
•
The effective date of the plan is set as Jan. 1, 1945, and it involves
the issuance of $3,000,000 of new 50-year first mortgage 4% bonds and
$2,000,000 of 50-ybar 414% income bonds.1' Provision is also made for
new
common
stock (par $100)
to-be issued in a number , of shares
necessary to carry out the terms of the plan.
This involves the issu¬
ance of 103,000 shares, or a total capitalization of over $15,000,000.
Under the plan it is proposed to give the first 5s for each $1,000
'principal amount - Of "bonds notv. held, $156' iff--cash, $786:17 in t first
mortgage bonds, and $463.63 in income bonds.
Of their total claim of
$5,342,400 for principal and interest to Jan. 1, 1945, holders would
receive 10.71%, or $572,400 in cash; "56.15% / or'$3,000,000 in new first
mortgage bonds, and 33.14%, or $1,770,000 in new second mortgage
of $2
Distributions
15.
to
The
be
first since Dec. 2, 1935.
Arrearages on the latter issue
1, 1944, amounted-to $64 per share.—V. 159, p. 2078v
last, the
at June
as
rank
declared the regular quarterly dividend of
30
first
Operating
the injury of the debtor and
this
for
shown
be
the
of
securities
new
per
$2
1,
June
on
will
Period End. May 31
•
added.
group
that
held
was
holders
share on the 7% cumulative preferred stock, and a dividend
per-share on the $8 cumulative dividend preferred stock, both
$1.75
It
which
Stock—r
Cushman's Sons, Inc.—To Pay $2 On $8 Pfd.
•
;
-
-
determined by
thereafter
were
the bondholders'
I.'"'1
/;:\\/'./
v.':-;; ;V;
■;
debtor
family railroads and to
or
>
-
......
the management and the policies of
the .Canadian Pacific system
its creditors,"
Pacific so that
the Canadian
the
'.
,,
of domination and control of the debtor were exercised
"These powers
by
El Paso Natural Gas Co.
the Canadian Pacific subjct to the domination and con¬
of
the- latter./-
of
trol
'
share, with a commission of 65 cents. The issue was
pffered by Glore, Forgan & Co., and completed in the
elapsed time of 10 minutes. There were 95 purchases
by 43 firms; 1,300 was the largest trade,. 10 the smallest.
per
117
aid
in
8,317
8.317
6,371,189
5,522,073
construction
of
surplus
-
/-':•
•
/■ './-.Earnings for -May and Year to Date ■' / .''-X
y
1, 1949, on each $1,000 bond upon-presentation to Guar- yXXX^^Xx:
; -May— v:
•..
1944
.■ 1943
:
1942
1941 .
anty Trust Co.,. New- York, payment to. be applied on.:.. •
$316,649 ' / $361,045 1
$351,074 r$340,110
account of interest thereon due Oct. 1, 1943; All coupon X' Xri:X::X Gross from railway.,^,
91,750 "
80392
bonds of tliis Issue must have coupons due April 1, 1935, ; .
.
•
•
ir Net from railway-;-,.^/ ;; , 44,291 ;- - 130,8357
68,244
58,846
/ 111,304
and
all
subsequent coupons attached-w™.*~U™vi,*.U2.;
$11.97- Net ry. dper. income-- - " 25,057
.
.
f
.'
•
Denver
Grande
Rio
&
•
■■■■
RR.j ref.
Western
improve.mtge,/:,/.•/■/■V;.-,'i"'
•-/,
&
upon
presentation to Chase National Bank, New York,
,,,,,,
payment to be applied on account of interest thereon due^p y- VV''.^/'''::-.-^
Oct. 1, 1943; any coupon bonds of this issue shall have;---;' v'
April
due
coupons
1,
all subsequent
and
1935,
coupons
from
Gross
Net
from
Net
ly.
—V.
railway.—
159,
432,203
NOTE-—For
"
299,646 >
order.
position
,'225,249
••/.-'r/S
-;-v
•
of
bonds
The
$17.18
™.™..™;_..™_™7™™™™™™
™7™
each
issue
shall
forwarded
be
to
transmittal properly filled out
and signed.
The bonds will be stamped with an appropriate notation
of such payment and returned to the holder.
y/y/y'
Fully registered bonds should likewise be forwarded for the stamping
and
payment. of such interest to the paying agents as noted.—V.
the
accompanied by
form
letter of
of
Federal
and
income
For the
outstanding
Elected—
It
is
Steel
week
has
that
been
the
New
Pulte,
Pulte,
G.
and the Reliance
company
officers and
board
of
Paul
directors.—V.
R.
and
159, p. 2301,
Utilities
J.
and
Secretary
Yoder,
A.
Friedman
Honigman
L.
Co.—Merged—
159,
p.
This
'
:
1655.
.
X"X-;X'"X
of
post-war
President
The
will
which heads
of
Dresser,
announced
followed
on
June
meeting on
Dresser
Net
Clark
Brothers Co.,
Olean,
International-Stacey
Connersville
Construction
,
Shore
$1,032,100;
reorganization
ferred
interest
on
bonds,
capital
'stock
(par
at 4ya%
$16,784;" deficit,
$1),
the
v
per
&
,
Stacey
'
..
Atlantic
See
.Ls-r
The'company has called
, -
interest $1,800,000 of
•
will
Ry.—Reorganization
22
plan
agreement, which was the final abrogation on the part of the debtor
of
any
further independent existence, the debtor became the mere
T
-
made
William
at
for
redemption
Bank
St., New York/ N.
Farmers
as
tures
Ready—
15-year
Temporary
may
now
Trust Co.
"
Called—
of Aug,
3 'at
v •:»
Trust Co.,
5%
exchanged
be
of New York,
'
'
definitive
trustee,
•
'
/
debentures
at
Jan, 15, 1959,
the Guaranty
140 Broadway, New York, N. Y.—V. 159, p. 735.
.
Dixon,
Secretary
the-Upited -Gas
President
of
taryU—V.—159,
.
>•)
.
Corp..
since
both'concerns
pU 2634.
■
Treasurer <of -this
and
1935,- has
and
.
H,
F,
been
Sanders
Chicago—To
corporation, and
named
Executive
.
has been
aim.
-
named
'a
of
Vice
Secre■
'
Vote
On
y--
Recapitalization
v. •/'/-■ v;.'
July 26 on approving the creation of a
value 6% preferred stock and the elimination
will vote
requiring
the company to
retire present 7%, pre¬
'• '
/..to eliminate
through an
share of new 6% preferred stock and $31.50 in cash for
22,200 7% preferred shares which will be outstanding
:/.V./
,
the
the
is adopted.
provisions of the present
are
1,800
ho
dividend
order,,
.
^
also provides that the company, will
loan from the Equitable Life Assurance
at 4%, the principal to be payable in
15 years.
■
'■ '
of the proceeds of loan to purchase for
retirement 12,600 of the 34,800 outstanding 7%
preferred shares at
$100 per share.
No dividend arrearages will be paid.
Mr. Kresge
has agreed with the company to sell that many shares of his holdings.
The quarterly dividend of $1.75 per share on the 7% preferred stoofc
due Aug.- 1, 1944, will be paid in regular course.
In order to effect
the charter changes, it will be necessary to have a two-thirds vote of
both the common and preferred shares,—V. 159, p. 1972.
shares
in
retirements
under the retirement
The
Co.—Secondary Offering6 made a secondary distribution
of 19,600 shares of common stock (par $15) at a fixed
price of $16% per share. Dealer's discount 40c.—V. 160,
.-p. 8.
: •/■'
'
;
<
Electric Power & Light Corp.—Officials Promoted—,
E.. .H
new
recapitalization, plan
$1,400,000 by mortgage
Society of the United States
Installments over a period of
The company will use most
Payment
-• v
sinking fund debentures, due
for
ratified an
6,000
-borrow
■
102 VX and
successor
Y.—V. 159, p. 2519.
"
'
r
of
planned, under the proposed capital structure,
of $31.50 a share on the 7%. preferred stock
one
retire
there
•
-
debenture^due 1950/
outstanding 2y4%
the City
26
June
progrem
10.800
below,
on
charter, the company is required
shares' of the 7% preferred stock each year so long as
arrearages. • The- Companv has' hot been able to
build up its working capital and at the same time pay dividends on
the preferred
shares and retire preferred shares in accordance with
the
present charter
provisions,- according to Sebastian S. Kresge,
Chairman of the board.
At .the present time there is a, deficiency of
to
1
Elastic Stop Nut Corp. of America—Definitive Deben¬
protective committee for the bonds.
This is the first plan filed for the
road, which has been in reorganization since 1937.
The road operates
about 550 miles of line serving northern Michigan and Wisconsin.
The committee said in the plan that
when the Canadian Pacific
bought the majority oJ the South Shore's Stocks in 1888 and then had
•the debtor acquire the stocks of the Marquette Houghton & Ontonago
RR.
and then "imposed" on the South Shore, a "one-sided^ trqffic
be
the
Under
Chicago—New Name-
Katzinger Co.
of
■/
.'..-ooi
•
Edward
Electric Auto-Lite Co.—Debentures
Bro.s,, Gas
:;v
•'«■■-->•"•
Ekco Products Co.,
of
each
total,
$65,199;
;/
arrears
York—Issues Stock—
increase of the company's
shares of $5 par value at a
share, : The issue will raise the capital from $300,000
add $6,000 to surplus.—V. 159, p. 2519.
proyision
shares'. ,/
offer
if
annum,
"
'y,: "
.
bidding
each
issuance
Fair,
It is also
spayable (trade), $622; accrued liabilities, in¬
$2,642; accrued social security and-with¬
accrued
the
of
wages,
$644;
,
for, the company involving subordination of
the Canadian Pacific Ry. to the claims of the first mortgage 5%. bonds
of 1937 has been filed with the Interstate Commerce Commission by the
A
and
'
-
$1,018,563.—V.- 159, p. 735.
Plan Filed With ICC—
,
taxes,
-.
competitive
cents per
class of $100 par
•new
group
Blower Corp., Connersville/ Ind.,
and
Co,/ Cincinnati, phio.—V. 159, p. 2634.
South
by co-trustee
$23,222; deferred income, accruing over term of lease, $5,918; insurance
premium
commitments, $281;
lease, deposits
and advance
rentals,
$1,550;
income mortgage
sinking fund
bonds,
due, June
1,
1951,
N.
-
Duluth
Liabilities—Account
.
holding
by
stockholders
The
cluding, salaries
$1
./Plan—'///XV/v^;.,^
terms of trust indenture,
$24,328f total, $1,018,563.
for
Line Co.—Dividend Decreased—
50
of
stock
! (The)
;
$2,087
$33,133; accounts and notes receivable,
$114; leace modification agreement, recoverable at $500 per month,
$45,500; fixed assets, $898,193; prepaid expenses and deferred charges;
Horst.Corp. of America, Olean, N. Y.,
Mfg. Co., Ltd., Toronto, Canada. .•-/
are. included:
Intern.ationalStapey Corp., witJr plants in Columbus, Delaware, and Marietta,.Ohio;
.International Derrick & Equipment Co.
of Texas. Beaumont, Tex.;
Interpational Derrick & Equipment Co, of California, Torrance, Calif.;
International Derrick & Equipment Co. of Ohio, Columbus, Ohio; Rootsthe
1,197
1941
hand, $17,294; cash held
on
offered
value,
par
price of $6 per
to $330,000 and
6,876
■
$2,345
Assets—Cash in bank and
Mfg. Co,, Bradford, Pa.; Van der
and Cleveland. Ohio, and Dresser
In
1,191
loss,
under
Y.; Bryant Heater Co., Cleveland,
Ohio; Pacific Pump Works, Huntington Park, Calif.;. Bovaird & Seyfang
Pa.;
'■
6,876
31,
of
stockholders
capital
20,856
23,222
May
be
Excelsior Insurance Co. of New
4,803
■--.'-.--i-™,/.-
Sheet,
of Cities Service
:
will
share has been declared on the common
payable Aug., 1 to holders of record July 15.
werevmade on Feb. 1 and May 1, this year,
and in each quarter during 1943.—V.. 158, p. 190.
no
/Distributions
$26,842
discounU^--„„_.
bond
of
the account
'/
stock
$22,039
4,929
Balance
Manufacturing Co., Bradford,
Dresser
include:
$24,015
retirement of bonds
group
,
Industries
.42,707
dividend
stock,
$64,746
42,847
Amortization
related equipment: to the oil industry,
Dresser's net worth is approximately $10,000,000 and that of Inter¬
national-Stacey $5,000,000, according to the announcement.:
;
,
"The acquisition involves an exchange
of Dresser stock for Inter¬
national-Stacey net assets,"/Mr,. Mallon said, "on a basis substantially
improving the working capital, current earnings and book value per
share of Dresser capital stock."
V
*"•'■■
Dresser
$66,862
interest
Bond
supplies
group,
'/
Depreciation
and International-Stacey
for
offered
'.■'
and
Eureka Pipe
A
May 31,'44 Nov. 30,'43
The
of six companies, is a
leading manufacturer of oilfield drilling and production equipment sold
under the name "Ideco."
Dresser Industries, with seven companies in
its
:
income,
on
•
'
-
.
$28,944
Gain
«
agreement ; in special
International-Stacey and subsidiaries, a
': /
;
date of Inter¬
Dresser directors,
had previously signified approval.
stockholders will be asked to ratify
23.
•
the same
on
meetings to be: called soon.
No changes in
management or' personnel of International-Stacey companies are in¬
volved or contemplated, Mr. Mallon said.
the
period.
Balance
June 30.
meeting
a
months'
Expenses
participation in oilfield equipment potentials," H. N. Mallon,
announcement
Financial Statement—
company on
Gross
group
a
•
com¬
any
Spring Building Co., Los Angeles, Calif.—
South
Six Months Ended—
acquire financial
national-Stacey directors approving the transaction.
"
;
,
of
not
Juiy 1 paid to the holders of the income mortgage
sinking fund bonds -2 Vt % interest for the six months ended May 31*
1944.
This compares with 2%
paid, on Jan. 1, last, for the previous
The
;
of companies known as Dresser
control of International-Stacey Corp.
Columbus, Ohio, and its subsidiaries in a step designed "to enlarge
company,
not
810
six
Industries,
include the system inputs
both periods.—V. 160, p. 8.
figures do
appearing in
Interest Payment and
Manufacturing Co.—Proposed Acquisition—
Dresser
;
above
panies
Treasurer.
the
comprise
/y/y
.y
Corp.—V;
The
being
are
bonds
determined.
/,„
to be received by Empire District from the sale of
bond^ together with the net proceeds from the sale of 6,500 sharps
of 5%
cumulative preferred stock > (par $100), which the company
expects to sell contemporaneously with the issue and sale of the bonds,
are to be applied
to the redemption at 101% of the principal amount
of $10,04^,900 of the company's first mortgage and refunding bonds,
5% series, due March 1, 1952, and to the redemption at 105 of the
principal amount of $851,200 of Ozark Power & Light Cp. first mort¬
gage sinking fund 5% bonds due March l, 1952, assumed by Empire. /
Net proceeds from the sale of common stock are to be received by
Cities Service Power -& Light Co. and does not represent new financing
by the company. =As previously announced, Empire District Electric Co..
which is controlled by Cities Service Power & Light Co.; proposes to
acquire by merger the properties of Ozark Utilities Co., Lawrence
County Water, Light & Cold Storage Co.. and Benton County Utilities
Corp.
In conjunction with this merger Cities Service Power & Light
Co.; is surrendering all the securities of the constituent; companies
owned by it in exchange for an aggregate of 350,000 shares of common
stock, $10 par, of the Empire District Electric Co.—V. 159, p. 2415.
follows:
as
and
Light Co.
the
The net proceeds
v
y•
Dominion Gas & Electric
International
were
SEC— L
1
the
Light
■/
always
/ results of competitive bidding have been
'
,
not
alphabetical
alphabetical
/.'-->/?,
competitive bidding rule U-50.
Names of the
underwriters will be filed by amendment.
Offering price to the public
of the bonds and common stock will be filed by. amendment after the
Operating Subsidiaries of—
'
Detroit
the
N
,
Presidents;
Vice
These
See
of this
merger
completed,
1943
during
:'-///;, /,;;
Steel Corp. being the
^yy./,.,';:/••'•/' Y"v///'y'y/Y
officers are: M. J. Zivian, President; J. B. Ribakoff, and J. J.
Executive Vice Presidents; R. D. Kelley, P. F. Brown and A.).-
Corp.,
continuing company.
&
Power
is
near
under the Commission's
1553.
159, p.
Input—
—Thousands of Kilowatt-Hours——
-;/■'
'•
^/l
•:
1 —Increase1944
1943
Amount 'Pet.
American Power & Light Co.J
/ 188,577
179,616
8,941
5.0
Electric Power & Light Corp.™
103,906
96,824
■
7,082
7.3
National Power & -Light Cp.___ /
103,280
94,903
- 8,377 , / '
8.8
Officers
..
.
announced
—
&
Power
National
;
Corp.—Merger > Completed
'
Steel
Both
Ebasco- Services Inc., which are subsidiaries of
Light Co., Electric Power & Light Corp. and
Co.,
as
compared with the corresponding
of
companies
ating
American
X'' //;/.''r'i;
-.7,■■./-/'//yy//: x.XX X^X:/K^XXxx:^ jxv
Detroit
Power &
1944, the System inputs of client oper¬
week ended June 29,
.
160/ p.
proiits taxes.—V.
excess
Ebassco Services Inc.—Weekly
fit
exact
as
filed a registration statement with the SEC foy
$10,600,000 first mortgage bopds,y3'/a% series, due, 1969, and 350,000
shares of common stock (par $10K
The shares of stock are issued and
agents
paying
the
for
reasons
companies: in
possible.
as
Company on July
•
attached
mechanical
arrange
Empire District Electric Co.—^Registers With
;ri;.$18.19
Duro-Test Corp.—Earnings—
,
Denver & Rio Grande Western RR. ref. & improve, mtge. .:yy/. XXX-X
series B 5 % bonds, due April 1, 1978, on each $1,000 bond
9 Months Ended April 30—
•
1944
1943
1942 1
upon
presentation to Chase National Bank, New York; .
• •
•
Net sales
:
$1,932,984
$1,032,787
$776,343
payment to be applied on account of interest thereon due
//.:■/,//1 ■•/:/;. Net profit after all charges & taxes ;*/ <"67,174
*50,980 "/
12,752
Oct. 1, 1943; any coupon bond of this issue shall have
.Earnings per common share
$0.30 ' .' ' $0.21
$0.05
coupons due April 1,
1935, and all subsequent coupons ;
*After charges and provision of $67,000 in 1944 and $98,825 in 1943
.
to
However, they are always
\
' 137,799
275,433
attached
.
2519.
p.
possible
422,373
,
317,354 "
'2415.-./Hlr/•■'■"'*:
p.
$35,326,729 $34,206,471
v.-
159.
1,171,762
1,527,374
394,511'
1,606,838
1,768.378
railway.V
income//^.
;
oper.
••■*■/////■//•■y.
■
-V.
•7-'/:
Frcim Jan. 1
bonds, due Oct, 1, 1974, on each $1,000 bond •:>
series A 6%
.
•Total
.
.
•
Federal
Light & Traction
Shields & Co., on July
.
.
CHRONICLE
THE COMMERCIAL & FINANCIAL
118
Net
$6,&26,652: *$6,337,797 *$5,193,024 $4,789,165
1,930,811
1,930,8111,931,541
1,936,393
$2.88
$2.60
$1.97
$ 1.7$
After provision for Federal excess profits 'tax of $18,130,494
in
1944, $9,709,438 in 1943 and $5,095,648 in 1942, and provision • of
in
1942
for
$2,500,000 in 1944, $2,000,000 in 1943. and $1,500,000
additional reserves for contingencies,—V,-159, P- 1446.
Federal
fihrs.
taxes,
stk.
com.
Earnings
etc._
.-
outstdg.
•
r„
"In August, of last year Jt .was indicated by the. Gold & Stock friah^
agement that Western Union was making a careful study- of the fentire '£
situation in ieg&rd
to Gold & Stock and other' leased compafiies;
the
thfe
by
for five
Court
trusteeship, July 3i; T942.
S;; Gfeddes
years
£
•••..-•.'•£
President
recently'became
,
share
per
,.„o_
continued
'from the final decree closing
':££:"£'■■:•■£'£■; ■££•-<£
y/hOn acquisition by thb
company of the Globe Machine & Stamping Co. of .Cleveland became
similarly situated, with possibility of some sort of exchange of sechri-'
r;\
ties Vhich -would'"afford 'them a -continuing "fixed ."etufn£, somewhat ££ .effective,-rV_. 159, :p. 2635;;y.r:i58,*'p. Y469""£"
less in most, cases
than the present rent, but .not /subject to the
hazards of litigation and double taxation."—V. 158, p< 1347,
.
1941
1942
1943
1044
fend. Apr. 30— ;
after deprec., int.,
,
Subs.)--^Earnings-
Firestone Tire & Rubber Corp.
6 Mos.
Monday,' July 10,^ 1944
Hyde Park Breweries Association, Inc.—Earnings—
-
■
*
revenues..-...
Operating
Railway
Net
Railway
Net
$73,713
$72,858
expenses
47,452
44,725
$380,500
240,295
$385,589
222,816
$26 261
$28,133
$140,205
$162,773
oper.
from
rev.
ry,
op.
accruals—£",
tax
f:
income—
Dr:1,736
its-
903
$23,839
£$116,892
S.017
7,439
6,627
12,704
109,735
'63,526
*$282
$73,178
"
Fixed
21,798
charges
$9,118
3,031
/"£ •£';;
3,532
£."■;£.£
and
(Way
Depreciation
and Equip.)
Structure
159, p. 2519.
•Deficit.—V.
3896.
?
.
Hart,
—V.
17,622
15,038
! ."■'.£ •//
Grain
tures—
£
■■
¥\/,££
£'£/.;
£ £,■
£*;■£
sold
were
March.
in
authorized
publicly" by
£
The
will
(
i
benefit.—V.
160,
Statement—
E.
pension trust will offer
the
ciated with
Net
'/;v
to
of
ry.
v
131,823
790,241
$19,841
$46,567
$175,144-.
v
£':
7,963
£ Company's
bank
in
31.250
and
4,722
4,722
23,610
2,391
■<\ 15,230
accruals—reg.
Ry.
tax
'
accruals—Fed.
S.
$349,724;.-U.
¥•
Ry.
*
;•.
Government
accounts receivable, f less reserve ifor bad
$143,956; rents receivable, $60; Federal: tax stamps,
assets,
unempl.
held
meeting
special
taxes
f-
$160,242;
income,
on
collections,
The
Compan-y^fsting
New
.;,;;now-■ outstanding.v:-■£
•,
The
two
companies , said > the exchange, would
'
.740,376
outstahdin^.'
York Stock Exchange has authorized! the listing :th
23,501
stocks (par $15), which arC-issued "and
Wshares of common
—V.
£ r.
159,
■
2081.
p.
Hercules Powder-
,
'•*•
'
■£
(• ;:
'$,*
"-V 3,049
.i.w
Ry.
'
7,279
'
31—"
£' Period End. May
42,970
1,973
ry.
oper.
Non-oper.
filled
be
Higgins,; Presidents who
A.
Charles
by
Uncollect,
hold both
will
200
$91,133
$31,135
$68,772
573
5,128
1,441
$31,708
$73,900
$577
income.."
fr.
Deducts,
•After
depreciation,
•'•
'
313
'■
'
£ £
'322
1,686
1,619
$72,281'
$31,385
$264
int._
to
Week End. June 21
Period—
Operating
$35,900
revenues—.
Jan. 1 to June 21
.
1943
1944
1943
1944
$90,889
•
$919,670
$1,072,861
$35,475
•Loss.—V. 160, p. 9.
•Gross
from
Net
ly.
1941
.
$936,823
$941,635
$701,305
■?
railway—!.
352,257
393,457
293,438
'
income
310,634
352,363
259,325
from
Net
1942
1943
railway
oper.
.
';'•:
$424,963
115,671
101,639
$196,027
Net
4,525,671
2,042,357
3,218.886
1,992,581
1,295,098
income.-.
1,354,968
1,790,896
1,156,675
522,418
452,409
oper.
rv,
—V.
4,343,982
•1,544,888
159,
Gross
Bay & Western RR.
ry,
shares)
Manhattan
&
1944—Month—1943
$777,390
591,153
542,483
2,855,712
2,755,346
$177,216
$234,907
$975,150
48,210
49,294
In
committee
1,106,705
914,593
804,517
322,624
424,257
295,732
264,337
124,347
272,924
151,681
139,975
1,186.583
railway.__
railway.....
income...
159,
income
adjust,
Stock Telegraph Co.- -Offer of Exchange
has
sent
a
to
its
stockholders
make
to
some
remedy
29
June
that
kind
the
an
of
exchange
income
offer
liability
tax
that
expressing
for the minority stock in
situation.
It was reported
stock was under
exchange of debentures for the
accrue
The
Circuit
v
23,
at
U.
$949,000
the
S.
of
of
Dec.
"31.
1943,
of
approximately $147,000
a
(at
holds in effect
collect the back taxes
to
rental
which
to pay
directly to the stockholders.
Western
Union,
continuing
to
■Joseph
on-June
as
lessee,
is
decision of the
March
obliged
by
the'
695,336
110,388
513,458
$166,291
$75/798
lease
April 21,
1944.
the
Lester S. Miller and Donald
extent
stock
of
of
principal
full
the
amount
oi
their claim.
interest, th'e
the waiver of the accumulated unpaid
of
bondholders
the
that
contends
reorganized
the
should
90%
receive
the
of
.'£.
company.
:•
present bonds should be modified to provide for a 5% interest
and the maturity should be extended to 1964.
Interest, however,.
;should
ration
as
if. earned and defaults in interest should bfe
The committee feels that/the bonds should
a first mortgage on the assets of the corpo¬
and have a first lien on the stock of the wholly-owned
payable
be
.cumulative
up
continue to be
adjustment income bonds.—V£ 159, p- 2417.
'On
"The
rate
556.521
$5,072
District of Indiana.
the
the
to
'common
.
-
W. Rothmeyer, who resigned on JimV 7 as a, director, sold
2, oe.eeeVa shares of common stock on 'the company, retail¬
report filed witn the ■ New York 'Stock
Exchange pursuant to the Securities Exchange Act of 1934.
In a note appended to the data filed, Mr. Rothmey6r declared that
ing
one
share,
according
"the
undersigned
purchase
capital
;
share;
to
a
sold, as indicated, all his interest in the options to
stock of the reorganized corporation
at $1 per
now
to
only
10%.
secured by
.
$1
authorized and
at Detroit, Mich., in
reorganiza-
.
The
had
been
company
exercised.
exercisable at
none of these
'• *'
/-"
<•
outstanding." excluding 86,725
•
has1,658,291
shares
"
shares
$1
The
held
in
the, treasury,
and
has
2,000,000
authorized
shares
value.
The reorganization proceedings t&rmihated in Jul v.
right to exchange old $10 par stock for new $1 per stock
par
./> '•#'
,for- working capital purposes only, up. to $2,000,000.
committee
"The
that
believes
50%
of
the
earnings
before
Federal
taxes, depletion, depreciation/and amortization should be made avail¬
able for the payment of interest on the bonds,
A mandatory sinking
.fund should be provided into which 50% of the net income after all
deductions, but before depletion, should be paid.
Bonds purchased for
and be kept
sinking fund account should continue to bear interest
the
alive.
ture
The
of
194$.
was
"The
as
to
sum
the
for
.sinking
Fifty thousand options were issued to five-directors,
a
share through Dec. 31, 1944.
To Dec. 31, 1943,
options
subsidiary, 'the Ilco Ordnance Corp.
In the event that the business
requires it, the company should be allowed to subordinate the bond's
t
said options were granted by virtue of an order
approved by the U. S. District Court
'tion plan proceedings."
rendered
that .the. Government is to be peras well as current taxes out of the
mitted
the
a
£
■
.
protective
consideration
'
101,125
5% )——£'£
'creditors
$£176,059
676,192
.
Hupp Motor Car Corp.—Director Sells Block of Stock
year.
Court has declined to review
Appeals for the Second Circuit,
which
is
and
Supreme
Court
1944.
rate
as
$1/023,360
■'
income gold
1 stated,
6%
.
•
a
Vice-President, in the letter to stockholders, stated
liability of the company to the Government for income taxes
the
■
May
Rahde,
approximated
'
$50,190
bonds
£'
letter
138,503
134,326
Deficit
2303.
p.
$243,818
$185,761
£ £
mortgage
earnings record, and its'post-war prospects,' the committee believes that
it would be in the bondholders' interest to
continue their status as
29,302
charges
general
request of various . holders of the above bonds,
committee.
No member of the committee has
any interest in, business affiliation or connection with Indiana Lime¬
stone Corp., or any of its subsidiary or associated companies.
£,/
£'•
"After consideration of the nature of the company's business, its past
54,44]
income
for
1944, Eugene M. Matalene,
at
this
21,744
on
committee
Southern
19,
Hayden,
51,458
consideration.
■
"On May
64,853
Gross
■£"£££
.
94,856
•Income
£.r'V,£'
Co.~Proposals in Reorganization
.
the
32,424
Int.
receive at any
petition was approved by the court, and Albert Ward was appointed as
trustee, of and for the company.
v,;, v v £,.(,. £;.
v,
£.-„_■
*11,818
oper.
W.
..Court -for
•
$176,216
8,911
(
Chapter
$182,854
8,545
Co.—Bonds Called—
April 7, 1944, the corporation filed a petition for reorganization
X of the U. S, Bankruptcy Act in the U. S. District
"On
'under
$1,126,764
.
$207.25h
•■'136,124.
letter to the holders of the said bonds,,ori July
follows:
£
£
£ ■£-
a
as
$237,847
This'company
J.
1944—5 Mos.—1943
$3,830,862
$3,882,110
$768,370
revenue..-
121,615
486.184
208,543
5%
mtge.
protective
part,
formed
Operating income
Non-operating income-..
hope that the Western Union Telegraph Co., (owner of approximately
60 Vi. of the 50,000 shares of capital stock and lessee of the properties,
on
in
£"£'£
& taxes
oper.
expenses
*Exclusive of interest on
order
The
.bonds, in
$241,525
Gold &
will
•
and
RR.—Earnings—
'
Be Made to Shareholders—
.
& Co.
$193,101
30,958
'
-
for
called
been
1st
Indiana Limestone
>
2
railway
•Deficit.—V.
■
was
$44,580
23,930
presentation of the called bonds, holders will
and int. to July 31, 1944.—V. 159, p. 2082.
1941
from
ry,
-
102
1942
from
Net
Upon
time
1943
oper.
Net
(38,505
'
From Jan. 1—
Gross
Bank &
•
railway—..
income..
from
Net
.
called for
preferred stock has been
of 6%
$37,993
.
redemption-as of July 31, 1944 a total
gold bonds, series A, due May 1, 1958, at
int.
Payment will be made at the Continental 'Illinois National
Trust Cosuccessor trustee, 231 So. La Salle St., Chicago, 111.
have
102 and
—
Bos worth,
and
242,978
Indiana Hydro-Electric Power
£ There
Bonds Sold Privately
40,879
£ £
2635.
p.
of $1,000,000
W,
"Oper.
-Earnings-
—
159,
$0.52
$0.46
$0.37
101,538
43,012
income.
oper;-
547,473
114,972
income______
1944
from
Net
.
Co,
Period End. May 31—
'
May—
900
£ $902,376
£
li*
expe'nsesi_i«
—V.
a't
RFC
the
Gross
Green
&
company's $300,000
Hudson
2416.
p.
1,000
£$983,802
180
taxes
Net
incom;qvtaxes, etc.—V. 159, p. 2362.
purchased by Boettcher
BosWorth, Chanute, Loughridge & Co. in April, 1944.'
r
railway—
railway—..
from
from
Net
1942 -v
i
1941. f.i
$2,267,311 ; $2,562,587
•* '
A
$105.. "":■£;
£ :'v
• :;>£
Central Republic Trust Co., Chicago, acquired control of the com¬
pany in 1934, through acquisition of 38,505 shares of common stock
£ (par. $5) formerly held .by Western Powerv Light
& Telephone £Co.
Control was acquired by the RFC in 1935.
The common stock held
by
From Jan. 1—
Gross
'Net
$1,816,473
Chanute, Loughridge
& Co. have sold $850,000 first mortgage 3Va% bonds, due
Jan. 1, 1969, to Mutual Life Insurance Co., New York
£ and Capital Life Insurance Co.; Denver.
/;
£
£
payment
1944 '7
;
1943.
1944
Electric Co.
Gas. &
Boettcher
The
Georgia RR.—EarningsMay—>."
•Opferating
Operating
•
Home
applic.
Surp,
'<
profit
'
-
'
'
(estimated)
$1,156,019
'Earnings ""per' share on ./£' r
4,920,000 shs. ($5 par)
£■:/ ;■'££:
£
of capital stock___j.s •
« -"$0.23
$9£,575
-
'
$903,278
$984,802
$187,047
'£,
rev.___
oper.
Operating £revenues££w-
Hollinger Consolidated Gold Mines, Ltd.~Earnings--•Net
1,081
income -££_—
Gross
2417.
159, p.
6 Mos. End. June 30—
9.905
10,400
*$504
income
.
-offiees..—V.
--V
£":.-£
income
1944—5 MOS.—1943
1944—Month—1943
$187,227
$196,227
Operatingrevenues-™
The announcement said Mr. Dunham will continue as a director and
of the Finance "Committee,- and-"the position as Chairman
23.819
rents—net bal.
facil.
—debit
Net
4,140
1,992
ance—debit
Jt.
$124,857
$122,142
Vents—net
'■■■■'■'
i
¥ Indiana Associated Telephone Corp.- -Earnings—
Chairman
10,865
;
Will
$37,247
$8,767
income— £
bal¬
oper.
'
not increase theip
interest;charges.
Chicago,- St. Louis. &
.New Orleans Co. is not an operating concern; it leases all its proper*
ties to Illinois Central.—V. 160, p. 11.
.££
'£•/ £.
-long-term- debt;.nw* increase
'
14.162f
2'207
■
Ru'sseirH^Dunharh
the resignation of
The company has announced
as
Chairman-, of the Board.
11,772
"•
v.
Act
ins.
1938
Equip.
authoriza-
23, and
June
management
'
*
29, following action of
effective June
became
a
$1,040,888;
!'
:
3,303
1937-
accruals—Fed.
tax
RR.
of
act
at
regulatory authorities.
:"£ :'£££;£' (.£''Vv;-.£-£,'£ ' £'' £.'
C. J. Strike, President, stated that the new issue Would replace a
like number of 7%
and $6 preferred shares how outstanding, which
have been called for redemption on Aug. 1, 1944.
The redemption price
for both classes of the old preferred stock is $110 per share plus the
amount of the-final quarterly dividend which is also payable Aug. L
$200,781>;
notes,
stock,
.preferred
tions by
;
taxing
fegistration statement, "filed with the Securities and Ex¬
Commission, for the issuance of 60,587 shares of 4%
($100
Stockholders
the
$0.10
Sheet March 81,. 1914.
hand,
on
.par)
31,250
:
$0.09
$0.13
share
$64,583
$61,347
•
62,500
Effective—
Idaho Bower Co.—Registration Statement
C;
15,714
31,295
.
$170,995
$965,385
$178,390
166,410
tax
RR.
(less
$111,592
44,500
$83,447
stock——4
common
$18,471),
Hecht,
•.
oper.
Ry.
•
estimated
•
•/
$813,24-5
642,250
expenses—.
fr.
payable,
Federal capital stock
income,
will be sold to an underwriting group consisting of Bly-th" '& Co£ The.;
salaries and wages accrued, $10,856-;
and Lazard- Freres & Co., of
New York City, • and Wegener & Daly,
employees'
withholding and payroll taxes,
Lnc.-, of Boise, Idaho, for resale to the public at an initial offering
fund
payable, !- $6,659;.' ' accrued '^ insurance"
f<price of $102 per-share.-—V. 160, p. 11.
'
•
;l
premiums, $849; other accrued expenses, $2,518; employees' deposits
for war
bondfe,'$2,100; 'customers' deposits.on bottling
containers,
$134,100; deposit oh sale of Boston property, $2,500; mortgage pay¬
Illinois' Central RR.—^Propose $8,700,000 Bond Issue-*
ments
due; within,
one
year,
$15,000;
mortgages' .payable, $92,500;
•.
Illinois Central RR. ftrid Chicago, St. Louis & New Orleans RR. Coi,
reserve for
employees*; pension fund, $1,768; capital stock ($1 par).,
asked the Interstate Commerce Commission June 30 for authority-^ to
¥$625,000; paid in .surplus, $257,000; earned surplus,* $875,482; total,
'"issue jointly $8,700,000 of first refunding mortgage 4% bonds, series D,
$2,358,839.—V, 158, p. 2580.
\ ^
;
;£ These bonds would.be exchanged for a like amount of Illinois Cen*
rtrah 4i^f leased,;Hnje^tooki certificates;, representing all those certificates
1944—5 Mos.^1943
1944-^-Month—1942'
$186,2511
revenues---^.
rev.
and
$13,4.10;
Georgia & Florida RR.—Earnings.—
Operating
.£•£
£60,000
period
the
cdmmon
Consolidated Balance
;
unremitted
Divisions.
period End. May 31—
Operating
££■£
taxes-
for
on
r
of
state
Siiice October, 1941, he has been asso¬
General Motors Central Office War Staff.—V. 160, p. 9,
Ohio,
Dayton,
$94,769;
accrued real estate taxes,
tax, $13,750; Federal and State taxes'on
U. S. Treasury notes of $156,731), $340,069;
liability to Customers for container deposits, $242,513; reserve for con?
tingencies, $50,000; capital stock (par value $10), $1,000,000; earned
surplus, $1,865,576 £ total, $3,612,205.—V. 158, p. 890.
;£ ;..;£:"^£.."::..£'.
Liabilities—Accounts
$5,528;
.Present, preferred stockholders will have the option until July 22- to
exchange their shares for the same number of shares of the new
issue at
an
uncompleted construction, $20,177; unamor-'
exchange price of $102.
Each stockholder who accepts
;tized
improvements
to
leased property,
$19,214;
investments, v$l;/ "..the exchange offer will receive, for each share of presently outstand¬
trade-marks andi patents, $1;: inventory;;of supplies, $116,130; deferred
ing preferred stock, one share of the new 4'/£ preferrd plus $8 in cash
and the amount of the final quarterly dividend.
charges and prepaid expenses, $20,479;
post-war yrefunjif of ( excess
Stockholders who do
not exchange their shares for the new issue Will receiveithe^^redemp¬
profits - taxes, $806; total, $2,358,839.
tion price in cash.
:££!;'';£.:£'-"/£;- £: :'!£'!'£}£!-■^vr,££ L
Liabilities—Accounts: payable,
$45,097;- dividend payable, $62,500;
All shares of the new issue which are not exchanged by July;22
accrued taxes other than indome,; $51,25.7; provision for.;Federal and
J
Appointment 'of W. G. * Lewellen has been appointed Assistant
F. Johnson, Vice-President of t,he Eastern Aircraft Division and
the
18,042
income
for
per
' "
•fixed
1945).
1.
9.
p.
$45,861;
accrued interest on U. S. Government bonds and notes, $495;
advances to salesmen and other employes, $923;'inventories, $425,218;
Corp.—New Appointment—
General Motors
•
10,999
£
doubtful accounts
inventories, $498,646; Federal and State revenud
property, plant and eqrupment (net), $1,706,949;
other assets, $26,218; goodwill, tradq names, etc., $1; deferred charges,
$160,692; total, $3,612,205.
£, £
-£'£:; ';££:£■
.' : l'
-.stamps,
$100,593
v
$113,810
$161,489
Assets—Cash
debts
eligible employees of General Electric Co. and certain of its affili¬
ated companies an opportunity td participate in this pension plan for
'
,
chargfes—_—
income
bonds
to
•their
operatiohs-^H-'J-i,-".
;dreditS4£-i^-££*£.£-.<
income
Earnings
££/£:./£££'£
'
v
to be issued.The trustees of the
No stock is
exps..
$365,491; U. S. Govern¬
hand and demand deposits,
on
securities, $647,032; receivables (less reserve for
change
usedjjfpr .corporate purposes.—
be
££ ■■
prior to Aug.
contributions
employees'
6,549
N6t
Pension Trust on June 30 filed'a regis¬
the-SEC for $250,000 (estimated amount of
with
Assets—Cash
£of $10,000). $161,316;
$19,985;
General Electric Co.—Registration
statement
$107,261
9,527
Dividends
General Electric Contributory
tration
$151,962
.£,
frdm
Provision
Lerchen & Co,
proceeds of the. issue
p. 9. ■/..=
£•■,_/
V. 160,
78,037
Income
V:
by Lehman
underwriters headed
of
group
263,923
79,167
Gross
a
a
256,821
94,183
———
administrative
and
>;■£.£:¥f'f.
'
total issue of 75.000 shares which was
1944,. at. which time 60,000 shares of the stock
-Brothers and Watling-.
$442,554
281,314
profits
Profit
and Watling
balance'of
the
4s
$443,249
Other income
Lerchen & Co. announced
June 30 that they sold privately 15,000 shares of 4 ¥2%
convertible preferred stock ($100 par), at $108 per share.
This
591,684
$527,458
$1,034,933
350,000
equipment
Balance Sheet, March 31, 15)44
ment
.7-
Gross
Sold Privately
Fruehauf Trailer Co.-^-Preferred Issue
•—Lehman Bros,
1942
1943
$472,866
>,•
for
j
of
——
50,000
.
depreciation of property, plants, and
included in the above statement amounted to $268,199.39.
(& Subs.) —-^Earnings—•;.
■
contingencies
Note—Provision
$1,022,843
580,290
Ended March 31—
for
profit
.Dividends paid
u
(
1944'' $1,173,392
645,934
General
-
;
>
.
,
Belling and delivery expenses
corporation has" called for "rdderiiptioii as of Aug.' 1. next,
$128,000 of the• outstanding 15-year 3Viio sinking fund debentures,
due Aug.
1, 1958, at 104 and int.
Payment will be made at the
Continental Illinois National Bank & Trust Co., trustee, 231 So. La
^Chicago, 111.—V. 159, p. 2302.
1147, 1252.,
p.
Harvard Brewing Co. (Del.)
;
Cost
The
Salle St.,
159,
.Net' sales
Deben¬
Co., Inc.—Calls
Malting
&
.
Net
■
Canada,
Froedtert
.—
Provision
Marx—Secondary Offering-
Schaffner &
6 Months
Ford, 2nd,
Executive Vice-President of Ford Motor Co.,
Mich., has been elected a Vice-President of Ford Motor Co-,
Ltd., of which he is already a director.—V. 159, p, 2196.
Henry
of
£££/:r,v."-'.uv;.."
■
Co., Inc., made a secondary distribution of 5,000 shares
of common stock (par $10) on June 28 at $28 per share.
Ltd.—New Vice-President
Ford Motor Co. of Canada,
Detroit,
■
&
*$3,583
income—.—
Net
3,121
inc.
fr.
deduct,
Miscel.
program
$143,331
;
$21,336
income———..
has
group
-
p.
Total
>£
$2,040,968
£—v
•
,
5,838
722
Dr691
sales
from
.
14,507
15,916
5,660'
1,206
■;.:
■
2,880
3,227
Dr492
£;££
rents
Other-
Mos.—1943 v
1944—5
1944—Month—1943
31
profit
This,company, operating a mill for the manufacture of
.
products,
Gioversville RR. —Earnings—
Fonda Johnstown &
1944
'Summary of Income Statement, Ytear Ended March 31,
Gross
finished wood
Selling, delivery, administrative and general expenses
—_
1,091.801
added hospital expense and surgical operation benefits ' £
which since 1937 has provided company em¬
£
Profit
$949,167
—__Cployees with life, health and accident insurance. ' "
"
'. "rVv
53,932
•'&}■£ •• Other, income
■„-G-IIL £u
The plan will continue to be underwritten by the Metropolitan Life
Insurance Co. on a cooperative basis whereby the employees contribute
,Total
income/ "i—t £,, /!.,,,
/£:,£■'■,. _£. $1,003,099
fixed amounts and the employer bears the balance of the entire net
: .C.f. ;.
Other deductions
189.
cost.
.£££ £"' \ •""■£ £'£•£ ;;
•■''.■?,£ Federal normal income and surtax
'•
£.££;;• 328,000
y
££
Under
the present provisions of the plan employees receive from ,
Federal excess profits'
;£i
158,500
$1,000 to $3,000 life insurance, and non-occupational disability benefits
.State' income
10,300
ranging from $8 to $35 a week in- case of sickness or injury, $4 a day
Post-war refund of excess profits tax (estimated)
Crl5,850
When hospitalized, and up to $150 for surgical operations.—V. 132, ;
.£_£"■/ Cr905
'Overprovision for prior :year_.i_
£
to
Period End. May
(Del.), Chicago—Group Program
Harris Brothers Co.
.
££-'
fund
of
$236,200 now held by the trustees under the inden¬
account
of
purposes
committee
the nayment
is
for
of
bondholders
opinion
junior debt
No
that
except specified
made
available
be
are
sought
for
restrictions
1944, a prohibition against the creation
conditions and other safeguards."
Authoriza¬
right to 'appear in the
deposit of bonds will be required by this committee.
giving the bommittee the
reorganization proceedings.—V. 159, p. 2417.
tions
be
year.
there should
of dividends on common stock except out of earned
surplus accrued after Dec. 31,
of
should
period of one
a
the
to
set
SEC
The
>■
the
Both
of St., Joseph
companies
V, 159.
2521.
p.
,
,
are
V;
Dominion
-
Fresident
Indianapolis Water Co.—Earnings—•
,
~
l£ Mos. End. May
All
'.'
—:
of
'./
89,077
706,297
•
of
old
divs._
$552,455
Bal.
for
avail,
502,724
71,278
Cr5,489
71,280
$591,020
$624,234
80,192
deductions
Other
504,875
■'
the
plan
of
old
class
A
AsmMtil%
Sheet As
31, 1914
of May
each
of
old
class
B
Waht/^24,714,4057
stock,
share
latter
the
and
its
•Besides
in
Alberta
Co.,
Montreal
the
on
capital
and
operating
^
.:•••-
.;.
;
in
—V.
Canadian
Current
special
meeting
End/
June 30—"
:
159,
Net
-
The
>
June
company.-on
dividend
a
paid
29
of $1
per
v
to
common
stockholders
One
ment
.
1:\:rv*,,.y"'■
Coated:
/ e. Under t the agreement :-of anerger /each. of. the outstanding .-shares;, of,
?er
Stockholders
of Standard
'■
■
>'#*
■
•
~
11
•
•
"
"
-f Vi nwurif
-i-
4
vi
».a! .,nn
A
-IF Jl:
"irlT—
'i. i
Up-
-1943
question
.
1/35th of one common
/of
cash
in
^leoromon
of j Standard
nnr.
/ 7 '5ioo)"and;;77,252 "shares of cbinrnon stock (par $12-. 50).
converted.
^
Sale of Certain Facilities—
!■
American
See
""
St.
above.-^V. 159, p. 2636;/%/;'i//4
Kansas/City
.-'/Af,/:-,
.Ket
-
sales
Cost
Proposals'by this'
products-11,237,744.
of
amounts
counts
512,767
Selling and administrative expenses^
Kansas Gas & Electric Co.—Write-Downs
/
representing
7; Power Commission
(Federal
excess
Post-war
income
profits
80,000
tax and surtak
1,820,000
tax
prior
year
taxes on
adopting
Crl82,000
tax
income
refund of Federal excess profits
Underprovision
,-v
the
as
the
.which
11,695
_
of
part
company
trade.
-
our
'has
other
however,
of
Electric
parties
premiurps
Co.
Missouri-.
of
■
and
•
•
,
the
of
electrical
"■
that the court would be unablte to render
plan until a -ruling on-the-transferral of the
SEC
assets
obtained
could* be
from
the'Federal
Power
seeks to free the Laclede company from
the Ogden Corp., a holding company.—V. 159, p. 2522.
'
also
net
A
control
$41.55
of
value
asset
share
per
as
'
the
of
-:'
by
;-v.;/
Corp.—Asset Value Higher-—
Lehman
•
Approved—
plan
Commis¬
A-. ''-/v"'
/
sion.',
avoid bank-
.
announced
Hulen
approval
The
,
refinancing plan is the only way tire utility can
and
Judge
close
of
its fiscal
June 30, 1944, was reported to stockholders July 7 by Robert
Lehman, President, in the annual report of the corporation.
This asset
year on
figure of $37.35
value,compares with a
March
on
on
June 30,
1943,
and $38.97
1944.
31,
with
accordance
In
the corporation's
policy of distributing
to stock¬
substantially all of its net ordinary income, dividends totaling
paid during the past fiscal- year.
$1.35 per share were
and
,
Sept.
to be taxed
to elect
Internal
the
Revenue
and thereafter.
/■//•.:/:/./.■ /'/■;"•//. /,-■'.:■/
;
corporation/(unless conditions change materially between
15, 1944, when the corporation files its income tax re¬
the
of
now
turn)
the company
to stockholders, Mr. Lehman states that it is the inten¬
In his letter
tion
corporate name; the familiar trade-mark by
in recent years become popularly known in
r.espect,
"/
,
Union
to
objecting
holders
ruptcy.
.
every
://'■/
gaged in Interstate commerce and" also that the SEC is not empowered
t© order a reduction In debts/r<
V ;/
:
./'
./■
♦David Kadane, SEC counsel, told the court the proposed reorganizaZ
tion
for
femains exactly as
v
Net profit
—
$643,774
before.
/
;V. _-'y '.y,.yy
• /-.■ ■-; /
Dividends paid
-/
:
—.
245,000
"Our business was founded in 1888 by the late Edward Katzinger."
Darnings per common ' share-/4_A-»-/----7/--J-/.--//i;A-^ -'y/;
$1.31
Subsidiaries are:-Geneva-Forge, Inc., Geneva, N. Y.; Sta-Brite Divi¬
-ir.Balance Sheet, April 30, 1844
/". /.
sion,-New Haven, Conn., and Ekco Products Co., Baltimore, Md.
;
Assets—Cash, $3,702,819;
marketable securities, $89,158; accounts yy The company's products include A & J kitqhen tools, egg beaters,
can
openers,
strainers, Geneva forge cutlery, Flint Hollow ground
'receivable (less reserves of $12,000), $3,092,430; claims for reimburs-.
cutlery*,Sta-Brite. tahle flatware, Katzinger... bakers pans, Ekco and
Able 'costs and expenses cn terminated contracts for war materials,
"In
.»
Co.—Reorganization Plan Opposed
v <?.■:'•-■•'■v v-;.,,
- -:./
.
'
eliminate from its electric plant ac¬
in write-ups and other amounts
/",////->/.;/-////-
12.
declared this procedure would deprive
interest which would pe paid
on
maturity of the bonds in 1953 and 1960.; Attorneys also contendedr
that the-SEC has exceeded its authority in that Laclede Is not 'en-*
/ This company announces the change .nL,its name to Ekco Products
Cosv:■ 7v;T
/"■"/:-/./' /./•'-*.'>/■;
v/'In making this change" the company stated, "we are officially
$2,373,469,
anticipated
presently
proposal, for which court approval Is sought, - calls foiof Laclede bonds at /facte
value without payment of
interest.
It also would provide "for sale of Laclede'^
five
The
bond
(Edward) Katzinger Co., Chicago—Changes Name—;
/
.
all
'/■/■,
or
assets
electric
•
original costs, were approved by the Federal
July 5.—V. 159, :p./.2304.:,.\y-..../y/.;/,.--"/// •:-.//
on
SEC
holders
■Other income (netjsi*.
/ -Federal normal
Louis/ Mo.
The
over
J62,372,764
:/ 7 Operating profit..
to
company
160, p.
Gas Light
premiums
totaling .-,$3,844,678
excess
for
ample
are
price
redemption
:/
;
.
$14,123,275
and
representing St.' Louis" Union Trust Co., trustee for the
and four insurance companies holding $1,313,000 worth of the
bonds opposed the SEC plan as "inequitable."
Ry.—Refunding—
157/ p. 1533.
Terminal
•
Attorneys
See Chicago ytlnion - Station Co.—V.
yy
•-/
States Treasury
bonds,
■■aXis!
Income .Statement for Six. Months Ended April 30, 1944
y
.
Cyanamid Co.'
;V,-J
•
in. its.
in* ite--'handsJ 10 bends of. this, issue have been called
at 105 and interest to July 7, 1944.—V. 159, p. 1764.
funds
funds
i-ri,,-;,-- redemption
International Detrola Corp.—Earnings—
-
.
the
thp
*'
.,'y
■••//,•• '
..•:
plus-United
Objection tq the Securities and Exchange Commission's reorganiza¬
tion plan, for the cbmpany on the grounds of unconstitutionality was
raised June 30 in a hearing before Federal Judge Ruby M. Hulen at
'
CO,; Inc.*
whether
r
*
'
$30,130,376
of
As Unconstitutional
>
y... " --.v
*
v;-
is
though
Laclede
Int^chemical /will-,,', aftpr;- the-; meper^-hfye.;^-, John'son/•^lw3•;/l5•,^#02.- shkfes held fcy J. Seward Johnson.
-■
present
,
The 77,252."
preferred stock ahd 312:569/y/khareSvof/cprhmon are: also issued and outstanding and include 21,252
-•• .-'-•y ..i vsharesvheld:»by7-the company inrIts treasury, and 28,000 shares each
i .The corporation- will not be required to; issu.e any fractions tof-shares
hfeld' by,.'RdbertvW/, Johrt.soh.r and J. Seward Johnson.
1 upon such conversion, but .in Jie.u .thereof:,.-wih pay cash', in respect of
ly .Tlie/underwrit'ers iOf the preferred Stock are Morgan Stanley & Co.,
•)#iny fraction .of a..-share7pf^tMK^ttMM^..sxpeM;'.9f. tti».^i!m.ber.^t-f.n?r,':/v\|>omlnick^.'-DbmiMpk^€ldifk'f--130dg6 & Co., Hemphill, Noyes & Co./
pfJ full shares of such stock ) >to-which any holder oi preferred-stockMePrillt LyndK/Vierce/'Fentter'^Si Beafle, And Smith, Barney & Co.
:/?■ •
toD common stoqk
of;-Stafldard,wpu|d<othprwjs&-be;--«ntitled^'aftv4.!0l^^^.--..$-j'.The::bff|r4qgi;^f;cbnitnbn^st6cfe is not being underwritten.
• ■
<•*) in lieu °G each 1 / 10 th iof; a ! 6 %7ycupiulative preferred share; .the
v,,. Applications^^fpr^purchase' Of, ddrtittioh Stock fiiay * be made to Robert
.-•".sum of $11:; 6b) >in;^^^lieu of-eacb- 1/lOthvofi-a Cpmiponf. share vf .Inter- ;, ...WF Johnsob/t ^./Seward-Johnson and the company' in care Of J". P.
:;chemical, the-suhi of i$3.50, .and; (c) ih lieu of each l/35th of a com-.
Morgan'7&/Co.''-Incorp0rated.—V. 156, p. 1953.
/
f Vnon .share, the sunt c-f .$1.
.•/
•
.. - '.wfr.'i* /W
'"C- j'/Va'-.n-'.'.
,4.},,;u/.•«'■ - ■
"•
'■'/ ; ?-•' V;ln .connecfcion- with, the amendment oGthe articles, of ancornora^
.
;,, Ranita Tteally, Cfl.y IliC.—Calls Buiiaing Bonds—-/ 1-;ahterchemical- necfessitated byvvthe merger, it is proposed ;that theuv
&
.e
| ^
ina^imum.number;0f authorized 6-%r-.cumulative preferred shares which. • V'feAU '.ofc'the $5O2iOO0 outstanding Utica Gas & Electric Building first
eince* the ado^ioh of ?;the original articles; of 4neorporatiohiyhasi be,£h;t;;, mortgage S^ sinking-fund gold bonds dated Aug,, 1, 1926, have been
deduced -from 100 000 to 79,379 shares by the -redemption'and retire-' ^. called for redemption as /of - Aug;.rir 1944, at l02 '/a' and interest. * Payinent from time to time of an- aggregate of 20/621 69^'eumulative-pre-: /
ment will be made at the First Bank & Trust Cm of Utica, successor
,«ferred shares.iberrestared-.toithe original :maxiipura; Of>100,000 AharesrV :v trustee, .520,-Seneca Ave.,- Dtica, N. Y.
(See/also Cehtral New York
:
-Such
increase -is .intended
to "render additional shares' avaiiable., for.";
Power. Corp.)
v;/
Issuance if and when required for general corporate purposes, incliid:
W;>^y/v-.
>/
ing possible acquisitions of properties and businesses in the future. . :
, Kanawha Bridge & Terminal Co.—Bonds Called—
i,
Interchemical is the owner of 92%, .of the capital stock of Cliftex,
The Fidelity-Philadelphia Trust Co.,/successor trustee, 135 South"
Corp. (N. J.). which owns all of the capital stock of Cotan Corp.: (pel.)..
Broad St., Philadelphia, Pa., announces that sufficient first mortgage
I/. Standard owns'80%. of the capital stock of Wadsworlh. & .Woodmari
bonds; dated- April 1, . 1908, not having been purchased by it to exhaust
.
/., '// .-•;
•
,
conditions.—V.
The preferred
outstanding,79,993 shar^SvOf;6%; cumulative
/shares of- common*stocfe:..;-ii
at
.
:
- y■ ■■''/
/'.f
""i: $tofekvregistered-2s*issufed}' ahd outstandihg and Includes 1,138 shares
outstanding-shpres;.of. preferred stock and common .stock hi ;■ v, veld. by. the/cornpany/in its tteastiry, 19,587 shares held by Robert W.
Standard .are
V
preferred-'cStoCkvi and v 178,869 ^shares
m-xi
,
a
t^ockw,.
;If all. the
j
•
stqckholdcrs
inflation is being accomplished at least insofar as.
and all of us should approve and support OPA,
tempbrarily our profits, are Affected./ Paradoxically, the
elimination of nearly all point rationing has not resulted in increased
sales.
//.'■' ■■■ \-/'-"/./ !. v/V
.//■
r
■'--/
Manpower prbblems have' been mounting in importance until
we
now regard this as the chief concern ,of management.
We are grateful
to our employees who are carrying on faithfully under the most trying
registration statement with the SEC for
shares -of .cilmUlative/second preferred stock, series A,
par
fractipM.l./;ehares,/ ^Ther^-:a£pfrO)!tstand^^&148;39536,218
lieu;,oF
of .Standard
shares
-(f
.
J.;,Conipany/on 'Juhe'30 filed
of
concerned,
is
even
$3,927,207. $25,129,019 $24,479,407
JOnilSOtt, & Johnson—Registers Wlth SEG—
date of -the merger, be converted into
share.pfvlnterchemical, subjectvto^the payment
Standard will, upon the. effective
(
minds
the
in
1943
year
preventing
1944—24 Wks.—1943
-
/
"Our
That
merchandise is being carried, that might be of some embarrass¬
case of-sudden, ending of War.' The. inventory of merchandise
food
preferred.: share and xl/.lOth. of;one/common shar'e'.^:-^4-355»980
lical, subject to the payment-of cash.in lieu of fractionalv:^
/.each
of
the .(outstanding - shares
of common ;stock-,of :
v" /
*
*/
■
->• --r»
nilative
3,0.97
tax
of
require¬
ments.- ;
,'■•/ /*
The rate of markup in this period has been slightly less than "in
corresponding period of 1943 which up to then was the lowest of all
time.
This is largely due to price ceilings and regulations of OPA.
We should not complain, because' the primary function of OPA
irv
the
A'-.•///'://..
If
/>1ti
2,970
in
V'The-cash ^resources
Offering price
;
14,000,000
.savings notes of $2,201,080 are more than double that at the-close
of' the bonds to the public.
/iV
•:
£ v The proceeds/will ' be "applied to the '' redemption at face amount ot
-y- The proceeds (will be applied to the redemption at face amount of
-.. the
company's outstanding first mortgage bonds, 5% series due 1967
Requiring about $1,745,000.—'V. 159, p. 551.
F;i;. /■ ''/v,'/:•/
.
46,913,375
operation-/..-—.
number of stores in
| sales volume.
Will not be necessary/for. the,'/ underwriter with, others/to.be named by amendment, along with the
Interchemical. to exchange their certificates..
Upon
re. will he issuable not; to
consummation of the merger there, will he issuable not;,to exceed 14,839
mmonv.shar.es of Interchemical to the
preferred-shares and 19,949 common-
1.2—1
48,138,113
7
,
is mow less by $12,838,274 (28% )
than at close of year 1943.
It is
less by . $14,-990,537. (31%)
than the high point of 1943.
Based on.
tonnage' figures, our present inventory of merchandise indicates less
than 30-day. supply, which Is less than the pre-war average.
There is
ho excess merchandise In our inventory.'
This" will remain so, unless
there comes a scarcity in supply, in which, case it shall be our policy
to increase the inventory, but only to the extent necessary to protect
record
which compares--with $1.25 paid
1943.—V. 158, p. 2253.
Registration Statement—
Jacksonville Gas Corp.
3.4—1
..
''chief concern" does not how exist.
•
of
19,706,497
3.4—l
—.-
to current liabilities—1.5—1
President, says:
.
mid-year report one year ago closed with the expression:
concern
is to continue to acquire merchandise to sell.".
chief
$3,382,602 $16,044,385- $16,457,309
share,
66,619,872
C/ W. Robertson,
The
on Nov. 29, last year,-and 75 cents on June 29,
.
39,000,572
67,917,371
19,779,258
working capital
Avefage
Dividend—
33,174.420
-i—-w_.
Treasury
tax
S,
U.
(less
12,600,000
:2417.:5;v--::7/;-'j':;:,-v-
p.
Jun 17/44 June 19/43
$30,130,376 $24,171,887
—---I
;
cash
of
Ratio
//;'/'j-//J.
of
$1.28
Financial Condition
ratio
Current
..
shareholders
1,836,589
,
$1.25
.savings notes)
miscellaneous
170 000 in
1944—5 Mos.—1943
'1944—Month—1943
$3,279,111
Investors Telephone Co.—Pays $1
of
preferred and cominon. shares,land-iti
2,354,859
1,836,589
—
-
assets
liabilities
Current
subsidiaries,
shareholders has been called to be held on
July 25, 1944, to consider and take action upon a proposed merger of
Corporation filed July- 3 with the SEC a registration .statement
'Standard Coated Products Corp. into Interchemical Corp.
;%•%//covering $1,745,000 of first mortgage bonds, 4% series due 1969.
•'/•>/
r There wilt.be no change in the tems.and. provisions of-Interchemical V; v.,The Central; Republic" Co;/ of
Chicago was named as the principal
a
"
•
Inventories
Market.
Curb
the
excess
.
.
2,291,280
,
share
common
-
market, value^,of about $1,100,000 and $1,170,000 in
I
June 26
•
Interchemical Corp.—Terms of Merger—
/
Period
Sales
^surplus, , $390,048; ,: total, $27/604,207.—V. 159, p. 2304.
v
-1-,
200,554,284 194,860,695
6,145,947
6,273,512
3,854,667
3,918,653
outstanding—
;per
/'■
Interstate Department Stores, Inc.—June Sales Off—
v
Liabilities—Capital stock—preferred, $1,054,900; capital stock—com¬
mon, $5,250,000; long term debt, $14,425,000; customers' deposits, $107,442; other current-and accrued liabilities, $132,684; matured interest,
$2,400;- unamortized premium on debt, $27,955; customers' advances
for construction, $214,138;; revenues-billed
in advance, $5,432; taxes
accrued, $1,094,437;/interest accrued, $228,499; contributions in aid
of construction, $87,212; reserves, $2,322,735; earned surplus, $2,261,:
326;
profits taxes—
excess
—
shares
income
;
which operate
Saskatchewan/ and in„ General. Water Gas & Electrio
principally in California, the corporation at June 30
„„
investments
witm
v
and
income
Common
Net
continuing Corporation will have outstanding 94,904 shares of
$3.50 preferred stock ($50 par) and 262,539 shares of common stock
($15 par), the former to be listed on the New York Curb Exchange
Gjvernsi ?
44J
Net
rThe
«,'nn ?nf otllGT illVGStniGntS,^ Iik
',elci 190.000 shares ot Lehigh Coal nhmif
& Navigation Co., a
$108,505,
$16,443, nrpns vm.nts q> >
piGp&yHlGlltS*
DOLfcfollQ Wlbll
f?
fnfi'rk'pf vflliif* nf
100 000* -fliifl
398; pcst-war refund of Federal excess profits tax, $51,729; special, , government bonds and "cash.—V. 159, p. 2636.
poulollQ
a
deposits, $13,843; unamortized debt discount and expense, $762,118;
deferred debits, $15,141; total, $27,604,207.
£2^
£Xnci fiupplies, -
'
;L-
taxes—
Federal income
June 17/44'June 19/43
1
jj»
.
<
;
•
....
Income before
stock, and 1/100 share of new common
'
Balance
,
,
..
,
of
each share
$702,276
:
Baking: Co.- -Semi-Annual Report
&
'
'y
preferred
under
common
for
$1,276,278'
504,875-
Kroger Grocery
stocks into new shares of preferred
recapitalization and merger is to be
effected through the exchange of one share of new $3.50 preferred
for each share of old $3.50 preferred, 19/10 shares of hew common
for each share of old $1.75 preferred, 14/10 shares of new common
Conversion
and
$1,200,389
$1,090,405
504,875
charges
,,
24 Weeks Ended—
last April, has taken effect, William B. Yeager,
International, the continuing corporation, announced
July, l,- '
$2,873,651
923,869
950,797
$1,137,523
income
Net
ten
2637.
p.
approval
for
Interest
totnl
___
1941
•
965,063
1,112,000.
1,110,317
taxes.*
local
&
Fed.
r
,
$3,089,321
$3,153,202
1,099,474
ment
1942
1943
1944
$3,347,315
inaint. & retireor depreciation-,'
Oper.
''
'/
31—
revenues
the
for
which received Securities and Exchange
& Electric Co.,
Gas
Commission
Gross
present
_
':
*
,
$85,975,000, according to the semi-annual report of
Stock Fund Series "S 2," made public June 30.
compares-with approximately $60,000,000 of assets*
funds on, .the corresponding date a year ago.—V, 159,
Common
Income
The
..
will
subsidiaries
Joseph
St.
that timGi
,At
7
property, -the depreciation- fund-and
Utilities-completed its reorganization in accordance with the Public
Heating Co.
After completion ,of
utility Act, and -merged its subsidiary, the Dominion: Gas & Electric Co.1
wind up its business mnd dissolve.on julyT.
'
,;
The
merger Jof
International
Utilities Corp. with its subsidiary,
of American Gas, &.• Electric Co.
physical
the
other, assets
transaction,
•
the
the new $3 50 preferred and common stock of
the reorganized company will be admitted to dealings,.. International
Juljr
approximately
of
be suspended, from dealings , at the opening of. business on
would
.
,,,
the company
hearing'for July 19 on the proposal of
a
all
purchase
certain
Hearing July 19—
necumg uui,y j.»
^ Mirhie-an Electric Co.
& IVllcnigan itiecuiL tu.
Tnriiana
Indiana
-•
119
FINANCIAL CHRONICLE
THE COMMERCIAL &
Number 4297
[Volume 160
As
a
as
a
"regulated investment company" under
Code, for the fiscal year ended June 30, 1944/
"regulated Investment company" the corporation,
subject to Federal ineome tax on taxable net income dis¬
tributed to stockholders.
Recipients of dividends will be subject to tax
will
be
not
...
.
4
Ovenex
inventories, $4,358,990; other assets, $683,605; land, $80,778;
and equipment (less reserves for depreciation of
facilities (less reserves for amortiza¬
construction in progress, $7,194;' deassets, $150,132; total, $14,30.4,653.
y'y.
,/
\
$223,358;
tinware
and
flashlights.
Tru-Spot
buildings, machinery
$835,901), $816,107; emergency
tion' of $770,071),
$1,109,082;.
ferred
jmon
stock, (par .value $1),. $490,000: capital
$3,366,670; total, $14,304,653.
corporation,
trustee,
as
announces
distributions
25
share
,
..
by
$7,870,437.
securities, with a market value of $12,of merchandising companies with a
•
"
■
':
; largest single investment was 40,000 shares of
securities
.
The next largest single
holding was 20,000 shares of Amerada Corp. with a value of $2,100,000/
During the past quarter an important addition to the corporation's
portfolio was a block of 30,000 shares of North American Company.
?
The. corporation's portfolio changes during the past fiscal year refeulted in the net sales on balancfe of $96,103 of securities, exclusive of
surplus, $1,214,982; earned ;juiy 31, 1944, and of the total payment oh thfe"Series "S 4" shares,
/'•.
//., i5. cents is a special distribution of realized profits for the fiscal
.
.
General Motors common, valued at
/ *
.'
:
'
•
'
" . period of six months ending on the same date.
; "
'. v
./.'/ ,.Tiei»wf Y*t\; •.•;/""
//":/• ■/\./
On the corresponding date .last year payments totaling 95 cents a
V It-is understood that negotiations-., for ,the merger of this^. corporation
^ share were/made on the Series "B 3" shkres*- ef which 32 cents a
And the Universal Cooler Corp. have been discontinued;—-V. 160, p. 11/ '/• sharp; was from realized nrofits. and A oAvment of 8 cents a share
share was/from realized profits, and a payment of 8 cents a share
was made oil
the Series "S 4" shares which did hot include any dis*
tribution of- realized cprofits.
'*•International-Stacey Corp., Columbus, Ohio—To Vote
"
'
followed
of
The. corporation's
v
share on
"
Mpi'frpr Off
..
Value
on
cents a
year
stockholders
to
724,741,
totaling $2.60
the 'Keystone Series. ."B 3" Low Priced Bond Fund and
the Series "S 4" Low Priced Common Stock Fund.
The distributions-are payable July 15 to shareholders of record June 30.
Of the total payment on the Series "B 3" shares, $2 per share is a
special distribution out. of realized profits for the fiscal year ending
per
Liabilities—Accounts payable, $2,360,110; accrued expenses, $121,410;
unpaid installments of prior years' taxes pn income ahd provision "for
-.refund of War profits,
$4,851,480; provision for Federal taxes on
income
for
the. six months ended April 30,." 1944,
$1,900,000; com
%
purplus,
This
)
Any
the
taxable
holdings were in public utility
Keystone Custodian Funds, Inc.—Dividends—
;Z
distribution of net long-term capital gains realized
will be designated as a "capital gain dividend" and
as a long-term capital gain.
.Distributions of
other net income will be taxable to stockholders as ordinary dividend
/income...., ■
•. -.
/
The report showed that oil securities continued to be the largest
concentration, of investment in the corporation's portfolio.
Such secur¬
ities on June 30 had a market value of $12,841,438.
The next largest
follows:
as
.during
.
$2,580,000,
Government bonds.
v
• -
-
year/, the corporation purchased for retirement
stock, at an average price of $29.77,
the
During
26,800
shares of its own
-
,
"
'
/
Comparative income Account, Years Ended June 30
•
Sale of Financial Control— r 1
See Dresser,(Manufacturing Co.; - above.—V.; 134, p.. 3648.
Y-
-
i.
.
Distributions
Series "B
".
3"
on
Jan.
share's, and
15,
1944., were
as
follows:
63
cents
on
the
Interest' earned
12 cents on the Series "S 4" shares.
Cash
:
^' Registration. Statements Filed—
-
International Utilities Corp.—Dividend—
At
V The
a
regular
corporation .will not close.
Issues
.
The
New
./:.//
To Be Delisted—Merger
York
Curb
Exchange
.
:
Plan In Effect—
>
:
announced July 3 that the corpora¬
tion's $3.50 prior preferred, $1.75-preferred ahd class A
series S-l.
.-
_
and B stocks
: ',r"-
Assets Increase
Combined
during
the
assets
month
of
$3,475,000—
the ten
r,.
'
;
ended
S3,475,000
a new high total
Keystone Funds I increased by
June
19„
1944,
to
reach
$198,506
$227,841
$262,724
2,723,674
2,995,907
2,852,291
30,696
20,130
$3,135,145.
13,134
18,012
822
——$3,115,925
stock &
taxes—
34,770
Reg., transf./ etc., exps.
55,713
$2,941,015
$3,254,444
246,880
*■57,440
Other
Total
•
divs... in secur._
income
—.—--j.
income
Franch., capital
:
miscellaneous
Other oper.
Net
(no
caps
^No
43,265
395,530
$2,640,126
8,933,081
$2,343,056
$2,795,252
2,487,971
$2,512,824
2,469,471
1,982,377
1,973,837
1,983.977
2,003,377
income-
>
stk. outstg.
'
oar)
Earnings
57,852
343,900
385,316
ordinary
per
share
provision was
183,526
71,086
279,992
expenses—-
Dividends
Shares
'
1941
$191,919
2,862,186
—
48,685
Taxable
./.
company has filed
the following registration statements: (a)
/
[/f:J/\'//.
$2,000,000 shares-of.,investment- trust—full certificates of participation,
meeting 6t the board of directors, held on June .30, 1944,.,the.
keystone-Custodian Fund,7seri(V S-2; (b) 1,000,000 shares of 'invest-'quarterly dividend of 87 V2 cents per share was declared yon
the $3.50 prior preferred stock presently outstanding and, in the event /, ment trust—full certificates of participation, Keystone Custodian Fund,
;;the:plan of recapitalization of this corporation should becomeeffec-geries /S-3;
(c)Z 150,000.. shares of investment-trust—full certificates
tive prior to the close of business on
July /21, 1944,' on the $3.50
of. participation, for .Keystone/Custodian Fund-series B-2; (d) 600,000
preferred "stock,: into which, shares of such $3.50 prior preferred stock
'shares of investment'trust—full certificates . of participation, for Key-y
stone Custodian Fund, series B-4; (e) 150;000 shares investment trust
/■will' thereby have • become converted, such dividend ? to be paid on
—full .certificates
of participation,
for Keystone Custodian Fund,
Aug. 1 to the holders of record July 21. . The transfer books of thte
;
dividend
1942
1943
1944
,
pn
$1.35
$1.19
made for Federal income tax.
$1.41
2,339,818
$1.15
mortgage debt and 11,987 outstanding shares of
stock;. (2) to finance the erection',, by the corporation's
Canadian subsidiary, of a 250-ton bleached sulphate
pulp mill at Peninsula, in the Province of Ontario, Canada; (3) for the
improvement and expansion of conversion facilities in
the. United
States, and to augment working capital.
The estimated total cost of,
the new mill and its facilities is $9,200,000,
Net sales have risen from $12,407,670 in the fiscal year ended Oct. 31.
1937, to $25,381,260 in the year ended Oct. 31, 1943.
Practically all
of the paper and paperboard produced in the corporation's operations
has now become essentially "raw stock", for use by the converting for
fabrication into food containers and wrappers. , In recent years ap¬
the present $2,762,000
ended
appreciation (after
of tne corporation's
market quotations, or, in the ab¬
value in the opinion of the direc¬
Investments for the fiscal year
Note—The net realized loss on
preferred
wholly-owned
6%
1944, was $1,674,063.
The net unrealized
allowance for Federal and State taxes thereon)
June 30,
an
assets
based on
1944,
30,
June
on
market quotations, on fair
of
sence
approximately $18,024,563.
The net unrealized depreciation
on
June 30,
1944, computed on the same basis, was approximately
$11,723,873,
Balance Sheet, June 30
1944
1943
tors,
■
was
Assets—
■
•
owned
Securities
cost)—
(at
Cash
U.
Government securities
S.
730,334
94,001
real estate corporation (at cost)
investments and advances.——
Other real estate investment
Receivable for securities sold-————
Divldends receivable: and interest .accrued..—
Miscellaneous
and loss
Profit
dends
paid
$1,982,377 $1,982,377
——V
184,000
Operating
Operating
expenses
81,671,927
Net
divi-
operating
Federal
—_Dr24,186,674Dr25,860,738
i
4,397,559
4,397,112
; cii"
2)r994,245
Rrl96,500
1943
Net ry.
income
Hire
159,
-V.
Net
2522,
p.
May—
railway
income
Total
River Ry. —Earnings—
$686,992
;
$545,383
1944
1943
1942
1941
$244,248,
$188,631
78,080
-.99,997
23,940
24,693
-36,390
Fixed'
income
Net
railway——
1,480,775
railway
—
Net iv. oper. income.:—
—V, 159, p. 2305.
: '
585,438
130,848
833,994
311,058
1,446,400 -"
718,122
214,198
1,401,453
657,243
151,736
from
Net from
137,227
Assets—-;'
.
outstanding
the
50-Cent Dividend—
,
-
common
:
5, last,—V. 159,
like amount was made on May
ipitial distribution of
p. 1975.
of
Ap¬
Inc.—Recapitalization
proved—
Subject
Funded
terms of which this cor¬
Sales Corp., one of its
•
...
approved, new securities will be issued
of Macfadden Publications, Inc.
Each share of
stockholders
present preferred stock will be exchanged for one $50 6% debenture,
plus one share of new participating preferred stock, which will be
entitled to prior dividends of $1.50 per share per annum, and equal
dividend distribution. Each
share of
participation with common in any common
of
share
present common stock
stock.
than
two-thirds of the
will be exchanged for one
More
and
holders of preferred
See also V. 159, p. 1287,
plan.
voted in iavor of the
$1,632,115
$1,399,514
$8,334,091
expenses—.
1,123,990
970,780
6,131,506
1,155,257
Rr96,949
105,830
344,983
238,784
Cr23,967
—7——.
21,426
$205,157
$844,549
66,000
203,662
$196,871
$271,157
$1,048,211
$1,623,856
,
—
--
in¬
(rentals,
..V.
surplus
143,703
aj_^.—
2418.
p.
155,291
722,292
767,400
$115,866
$325,919
$856,456
s:v,'V
v
1
■
directors
on
declared
29
June
an
—
per
three
Aprfl
extra;
cents
15,
11
and
regular
cents
three
10 cents
Marathon Paper Mills Co.,
Corp.
;
Shares
dividends
Rlyth & Co., Inc.-——— 3,000
Merrill
Lynch,
&
Fen
Pierce,
Beane———
Webber,
Rglne,
Curtis
F.
S,
Jackson
2.000
& Co
—
2,000
1,750
G}air S. Hall & Co.—_
1,500
|)ean Witter & Co._.
A. C. Allyn & Co., Inc._—_ 1,500
Central Republic Co,4 Inc.__
Refinancing
stockholders
from
Net
ry.
I
(Inc.)— 1,500
Reynolds & Co
Wertheim
/
1,000
& Co
—
-.j Bacon,. Whipple & Co.—_a
' Loewi
&
Co
1,000
3.0*0
1,000
Piper, Jaffray & Hopwood—
Whiting, Weeks & Stubbs,
Net
railway
,750
7.7-,
on
July
6
Winslow,
&
income—
it
reasons
is
approved
7
•
not
always
Edison
626,413
560,627
136,540
122.390
51,803
46,196
:
;
.
Acquisition—To Sell
Arkansas-Missouri Power Corp.
'
Co.—Proposed
,
RR.—Interest—•
July
1959,
due
the first mortgage 5% bonds,
date at office of J. P. Morgan
1, 1944, on
paid on that
was
New York,
Inc.,
Y.~V.
N.
160,
14.
p.
7-.
directors
this
of
Co.—Rights Extended— V
the Fifth War Loan
deference to
in
company,
June 30 deferred the record date from July 3 to July 11 for
the distribution of rights to subscribe to Panhandle Eastern Pipe Line
Co.
on
stock,
common
V.
159,
under
the
of
provisions
2418.
p.
•
the
Mokan
Plan.
See
'
.
Monongahela Ry.—Earnings—
railway
from
from
Net
—V.
Dividend—
on
a
.
17.
25 cents; May 1 and Aug. 2, 50 cents
Arrearages after payment of the current
2,862.032
1,536,382
income^--
'■
Period End. May
Operating
'
rev._
oper.
The
company announces
total holdings of these
Government
the purchase of an additional $1,500,000 in
the Fifth War Loan Drive, bringing
s#ejurities to $2,600,000.—V. 159, p. 2418.
Inc.—Secondary
Merck & Co.,
Inc.,
preferred stock, $100 par, a registration Statement covering which was
■filed on July 1 with the SEC.
Offering of the preferred stock will
hp tr.o^e, through. a retion-wide
group
of underwriters headed by
Lao Higginson Corp. (See above).
The stockholders also approved a two-for-one split of the common
158,.p. 1173. I
•'
"■
',7;
■;> <•;
A,
.
&
exp,
159,
2,053,374
10.166,423
3,578,500
12,150,840;
795,407
3,365,9777
$450,950
$1,988,857
$2,155,044
247,539
309,906
1,296,289
1,414,934
2418. 7
p.
Life Insurance Co. of N. Y.—Increases Pur-*
Bonds—
-7'.I':7 7v'K '7.'7777: :''^ '"''v
The company on
July 7 announced an additional subscription of
$94,500,000 to Fifth War Loan bonds.
On June 28 the company sub¬
783,065
deprec—
658,566
-
Net
worth
National Automotive
accounts
are
up.—V.
made
159,
p.
from
.
;
'
1942
peace-time business:
7
'
259,474
95,744
.
from
from
113,308
Net vy.
6,019,190'
oper.
159, p.
5,216,942
2,029,688
1,510,390
724,476
income—,
2305.
:
,5,972,398
1,531,970
railway,—
railway
May—
••
from
from
Net
iy.
1,588,475
1,066,978
.
3,963,389
782,123
: I 369,770
11:
.
1944-'
1943
$193,151'.
National Battery Co.
April 30—
'
1942
$129,075
.
$144.211..
1941
$100,039
46,033
:I 45.406
3.627
income___
37,501
21,660
30,202
♦8,802
*'
-
•
railway—__
943,006
565,203
496,140
railway—
373,949
-284,923
181,593
148,575
oper. income—.171,278
♦Deficit.—V. 159, p. 2306.
140,458
118,624
•
from
from
Net
ry.
Mississippi
Valley
funding—
.
Barge
7
,
725,640
Line
Int.
f
about
to
;
Secretary,
refund
Co.—Equipment
• -
has
been
1943 7
'
1942
!
Prior
$1,994,379
' 12,923
ineome;7.j_4,—a.™$2,882,018
$2,069,408
$2,007,302
2,652
: 8,304
paid
Interest
7
r
.
5,972
renegotiation adjusts, —
21,432
obsolete inventory and eqpU ....;' , .....
years
Loss on
179,169
off
deductions
10,428
10,610
17,152
profits tax
1,984,057
Fedeval excess profits tax,—a.
State/ Jncome ,.taxes_—.7 -. 20,368
Unused, provision for prior year—
Cr2,559
Underprovision for priof years
,
Prov.. for adjusts of war contracts
and .contingencies
—
100,000
319,850
431,000
♦986,800
570,600,
21,350
20,400
de&feted
——,_7«—
income,
value
profit
surtax and
excess
$742,320
_4—
dividends
On
On common
Cr79
*18,023
$710,123
$780,756
declared:
preferred
Re¬
Transportation Col/ have
.
$2,004,794
64,614
royalties & sundry income—
&
Total
Net
outstanding eauipment loans aggregating
$2,000,000, according to L. Wade Childress, President.
The new
plans
77..
•
—
$2,863,840
18,178
Cash
Company, and its subsidiary, the Campbell
completed
and
1944
:';.7
76,789
Gross
> 7a;777'^ "*
(& Subs.)—Annual Report-
profit from oper., less selling,
admiri. and'general expenses——
Federal normal
81,248
•
.77
Corp.—New Director
charged
railwayJlL
From Jan. 1—
& Co., New York.—V. 159,
7
F.
Robinson, Vice
President
director.—V. 159, p. 1694.
N
Years Ended
'
railway^_Al-__
oper.
7: v7:
Gross
Sundry
Net
..;.;
Frederick
elected a
7
Mississippi Central RR.—EarningsGross
7:
77
National Aviation
From Jan. 1—
Gross
2085.
7
will be headed by Reynolds
Underwriters
1941
$898,178
198,506
110,148
railway— ' $1,172,108 7$1,136,756 '7 $978,286
249,199
329,457.190,261
railway
income—'
the automotive field.
extend and reconvert
to
used
be
position to carry additional inventory and additional
receivable for anticipated post-war business, par*
Some portion of the proceeds may
the firm's production facilities for
a
accounts
in
•
1943
1944
■
in
and
ticularly
$681,229
$533,848
2638.
company
notes
taken
at
average
rates of exchange.
They have been approximated as
closely as possible,, but will be subject to final adjustment ■ when the
annual
Fibres, Inc.—Registers With SEC
has registered with the SEC 85,310 shares ($1 par)
common stock.
Net proceeds, estimated at not less than $860,310. will
be used to increase working capital for war purposes and
to place
operating results as shown in Canadian dollars are
Note—The
latest
The
bonds.
of
The
1,355,593
1,615,286
,
$351,446
$268,583
earnings
days later bought another $4,000,000
announcement brings total subscriptions
to $261,000,000.—V. 159, p. 2418.
scribed to $162,500,000 and a few
p.
Net
received by Marathon Corp. from the sale of the
#bentures and preferred stock will be used (1) for the retirement of
—V.
$3,299,731 $17,505,674 $15,899,967
$379,651
operating income •
income
Net
company
4
(Expressed in Canadian Currency)
■ Period End, Feb. 29—
1944—Month—1943
1944-^-2 Mos.—1943 ;
Gross earns, from oper.
$1,051,648
$1,010,012
$2,149,134
$2,036,822
D. C. Everest,
product lines for "food packaging" and development of the chemical
division, it was felt that the present corporate name was no longer
tiescriptive of the essential nature of the business now being con¬
ducted.
;
.•
Ltd.—Earnings—
:
7
and General Manager, announced that because of funda¬
mental changes which have taken place in recent years in the charac¬
ter of the company's business through addition of new and expanded
Resident
Net
—
Offering—Blyth & Co.,
June 28 made a. secondary distribution of 4,500
(par $1) at $43.25 per share.—
on
Mexican Light & Power Co.,
—V.
expansion program involving the issuance of $10,000,000 15-year
3^4% debentures to be placed privately and $5,000,000 cumulative 5%
.7
during the Fifth War Loan Drive
shares of common stock
,
comprehensive refinancing
655,036
chases of War Loan
securities 10r
S.
its
ry." oper.;
Name
7
\ I'-'V v7'
'7:.,.
$3,499,807
2,496,721
623,435
Operating revenues—
Operating taxes
Plant—
;
;.7
1,972,146
71,187,274
549,235
1944—Month—1943
1944—5 Mos.—1943 :'
$3,503,117
$3,304,776 $17,531,166 $15,930,890
3,310
5,045
25,492
30,923
31—
revenues____
Uncollectible
$2 per share.-—V. 159, p. 2085.
698,362
,7v V 7;7V'7;
2306.
159, p.
V 77/- '
2,936,859
1,737,151
2.894,022
1,625,390
485,170
railway——^
Mountain States Telephone & Telegraph Co.—Earnings
v
no
Similar dis¬
In 1943 the following
1 and May 1, last
7-"77..'7."":7
railway—
from
Gross
;
1941
$615,473 v $561,751
381,006
•
383,506
260,403
234,050
$539,666
C
294,422
114,437
102,833
income—
oper.
1
1942
1943
1944
$581,942
315,127
railway—L-
from
From Jan. 1—
Feb. ,1,
paid:
U.
Net
6t#ck and a change of name to "Marathon Corpqration."
6,900
Mutual
Net
a
due
iiiterest
Net ry.
Mengel Co.—Increases War Bond Holdings—
::
500
500
Co.—
Changes
11,919
940,385
199,140
7
,
Missouri-Kansas Pipe Line
company
750
&
21,893
55,741
270,399
Privately—See
"A,
Co.,
alphabetical
announces that it is now constructing an $85,000,000
plant at Volta Redonda, Brazil, and expects to com¬
plete some of the primary units of the plant this year and openhearth furnaces apd rollings mills during 1945.—V. 159, p. 2199.
Gross
gpd
The
Net
integrated steel
;
.
1941
$116,356
27.473
♦17,885
7;
35,585
159, p. 2418.
series
&
$5,298,217
alphabetical
(Arthur G.) McKee & Co.—Builds New
from
Anthony
1
•1942
$122,140
1943
,
$169,478 1
♦6,778
-
7 ;7;.*. 7"'.
railway
}
1,002,790
Missouri-Illinois
30,088
to holders of record July
1
will amount to
Net
Farwell,. Chapman & Co.—
Scherck, Richter & Co
Approved
The proceeds to be
Bonds
—V.
1,378,263
dividend of 75 cents per share
on the $3 cumulative preference stock,
declared
have
made on Feb.
were
_______—750
1,500
Program
—
.
38,053
May—
West
Ry.—Earnings-
1944
;
$230,945
82,152
rail way
irem
1,378,263
750
Tucker
Arkansas
&
;
from
Gross
61,000
750
Inc.
New
railway.—_
oper.
The
_____________
Inc. —7
'I;i' I'
I
Net ry. oper, income—'
.88,715
♦Deficit.—V. 159, p. 2306.
14,698
Minneapolis & St. Louis Ry.—Earnings—
Perrin,
B
From Jan. 1—..
Drive,
77'Shares
.
Also Splits Up Common Shares—
The
Net
431
Kebbon, McCormack & Co.a
2.000
&
;
Moseley
2,500
2.000
Tpe Milwaukee Co
fSgstman Dillon & Co.—
:v 7 7
books but not
1, 1944, on the guaranteed first refunding
bonds, due 1978, is being paid at office-of
York, N. Y.—V. 160, p..14.'
July
;
from
61,000
7_
mechanical
possible.'
as
were
declaration
Oper,
Harris, Hall & Co.
Lee Higginson Corp.——10,000
Smith. Barney & Co
—_
5,000
The Wisconsin Co.5,000
ner
purchased by each
follows:
as
227,001
230,765
;;
May—.
accumulations
of
■A.'-''
underwriters and the number of shares to be
The
May—
Gross
275,471
404;
$5,310,764
value, payable Aug.
par
V.
Name—
statement covering 50.000 shares of 5% cumulative
preferred stock (par $100) was filed July l with the SEC by the Mara¬
thon Paper Mills Co., the name of which has been changed to the
are
.:
31,003
to arrange companies in exact
However, they are always as near
directors
The
registration
Marathon
•
series
Montreal,
Net iy. oper.
Shares of Pre¬
Marathon Paper Mills Co.—Files 50,000
A
of
225,644
<194,895
.
y
interest being accrued on corporate
due
5!/2%
Missouri
:
287,638
7-Vv
Maytag Co.—75-Cent Accumulated
I' 'I-
below.
ferred With SEC—To Change
-
37,162
31,470
—
a
18,453
18,420
-:'
position
}
Corp.—New Name—Refinancing—
Marathon
See
1,123
—
NOTE-—For
cents
15, 11 cents regular and seven cents extra; and Oct. 15,
regular and 15 cents extra.—V. 159, p. 1355.7
July
extra;
46,160
interest
Bank
2253.
p.
order.
The
of
dividend
extraordinary
amouting to 10
cents per
of record July 5.
On April 15, last, like amounts of 10 cents each were made, while
on
Jan.
15, only an ordinary dividend of 10 cents was paid. . In
1043, the following payments were made: Jan, 15, 10 cents regular
and
45,383
39,092
de-
Operating expenses—
share and ordinary distribution No. 24
share, both payable July 15 to stockholders
cents
The
33,854
'v'»'
Inc.—Extra Dividend
Fund,
Bond
Manhattan
The
45,341
deprec.—
prop,
mortgage
122,174
v
,
__4_AA-Ai.A,__U-_-__7A__7
-
possible
i
10
—
.7'j—._1_.
152,'
tributions
.
$53,168
etc.)
159,
deprec.)
of
1,346,000
1,450
_^__aa_-aa_7._^a—A-.--7—--
surplus
Appropriated surplus
$1,979,500
•
116,663
:.
liabilities
credits
each, and Nov. 1, 75 cents,
—V.
$1,366,977
31,354
$5,298,217
1,341,000
Unearned
account
income
income
1,667
7
$5,310,764
:
—__—
payable
wages
liabilities
Unadjusted
272,619
income
Net
103,086
-•v.,:--'.' ' 141
27,638
"
liability.——7—i_——_—— 7
current
Other
Deferred
$1,351,237
31,188
income
037,552
22,345
$165,683
a
Equipment rents
Jt. iacil. rents—Dr.—
terest,
and
tax
Accrued
$7,926,646
5,158,122
1,242,641
075,460
99,186
Deducts,
13,449
-
a
.
25,900
service balances
unpaid-____—
interest and rentals
1944—5 Mos.—1943
revenues-
Gross
7
_a__—4——--aA—_—
car
Unmatured
Total
Operating
Other
$2,970,426
$1,387,839
common
Operating
oper.
$400,677
Interest Being Paid—
Gross
1944—Month—1943
Period End. May 31—
ry.
1,123
17,730
10
-
matured
Interest
-V.
Net
I
RR.—Earnings-
Maine Central
Taxes
;
,
Aud.* vouchers
Earned
7'
common
new
$598,796
tDoes riot include
$4,949,790
7:. 179,878
12,541
;
.>—1,—j-w—.--4-1—7
L,
debt
and
.
.
Under the terms of the plan so
the
1942
-
'
stock; ^_7.—a__a_ A7—4—■; $1,979,500
Traffic
approved a plan of consolidation, under the
poration will, consolidate with Constructive
to
—
Capital
subsidiaries.
20,861
chgs.
being paid currently.
4,981
$19,644
.1,730
_:
Liabilities—
the stockholders on June 30
by its board,
action
final
to
14,246
Missouri
Total"
•
/
debits
$2,984,672
4,089
normal
Road
77,864
110,999"
current .assets——-
■Other-
Unadjusted
Publications,
Macfadden
i;
receivable————
dividends
and
7
14,310
supplies..—_"7'
and
Material
$102,488
1,450
:
and
Interest
$404,766
fixed
after
fense
27,588
.
25,000:'
cash investments—————I—.
deposits —7-,—a——
conductors balances
—
Miscellaneous
accounts
receivable—.—
July 7 paid a dividend of. 50 cents per. share
stock to holders of record July 1.
An
corporation, on
The
24,934
Equipment (in excess
$74,900
■
1943
:
7,'-7
Temporary
Lithomat Corp.—Pays
V
on
:
2,796
projects;-
$6,692
Special
Agents
31,104
7
$601,592
amort,
$4,950,667
equipment, etc.——— ~?—
166,419
JiA-A-Aii^T-AA,-—a-7—I
road,
__ua7~;_4A.
4,558
$1,362,905
______
charges
Net
8,071
Dr86,269
$2,953,569
,
;:'I.
.
in
Investments
''Cash
$400,208
Crl55,439
Dr69,808
Sheet, Dec. 31
Consolidated General Balance
From Jan, 1—
Gross
Dr26,033.
>7.,
♦Includes
70,340
:
$1,293,736
fixed
for
.7.
4,944
7:
(net)
avail,
charges
7
14,399
.7
$81,976
_a_—
$3,019,155
Cr4,222
8,226
deductions
chjarges
641.741
$382,388
Cr43,853
$593,521
income.
oper.
19,715
17,687
37,608
105,388
$340,835
177,196
$1,933,476
779,193
Drl6,912
rents
24,369
;14,030
v
$3,798,353
124,763
$589,913
equipment
facility
tFixed
$141,609
$64,289
———^———Z7r—_7—_
income
$507,152
166,763
taxes—,
2,909
income___
—.1—1———
operating
Miscellaneous
$295,461
,;v
"Gross from railway——
Net from railway—
Net ry. oper. income—_
of
Inc.
"
$63,135,509 $62,566,107
Other
Lehigh & Hudson
after
Joint
.
—
$756,676
—
16,828
——,
.
7,387,188
Fed¬
23,176
•
tax
taxes—
7
taxes.——-.7 ?
■7,
Equipment rents, net debt—r
—
8,716,962
Cr20,520
than
income
Other incorpe
$121,231
revenue
$9,322,664
1,447,581
1,880,671
revenues-
other
eral
1943
1944—5 Mos
$1,954,733 $12,515,315
$2,637,347
______
;
$648,881
$527,650
-
other
A1J
—
Total
expenses
Taxes,
1942
-
:
<7_-_—aa—4A—7—
Federal
Other
,
income-.
♦Total
1944—Month—1943
V-a
revenues
Net
preferred stock will
--"V-
Calendar Years—,
Central Ry.]
[Excluding Wisconsin
Period End. May 31—
Total
;
was $1,261,581,
$866,234.
The annual
revenue
99,823
288,105
81,671,927
"II.
Minneapolis, St. Paul & Sault Ste. Marie Ry.—Earns.
1943,
1944,
$1,200,000 will be made with the Mercantile-Commerce Bank &
Co., St.. Louis; First National-Bank of Chicago,, and -the Colonial
Co. of. Pittsburg^.—V. 159, p.
352.
Trust
Net ry.
69,331
and taxes..
expenses
net ordinary
stock
Treasury
30,
.-." •
■
.
50,000 shares of 5%
$250,000,—V. 159, p. 2537.
to
195,235
,
Undistributed
April
ended
months
six
v
.•
ended Oct. 31,
year
requirement on the
amount
securities loaned.—
purchased-
investment and special
on
fiscal
the
in
the
for
dividend
307,680
-V
'
profit
Maryland & Pennsylvania RR. Co.—Earnings—
surplus
Capital
Net
and
66,938
'
146,952
the corporation's volume of sales has been ac¬
products used by producers and distributors
loan for
Trust
by converted
for
food.
of
-
395,300
—
($1 par)_.__T
for accrued
Reserve
51,662
counted
of
87%
proximately
$63,135,509 $62,566,107'
———-a——
peposits received for
Payable for securities
930,687
7.501
Liabilities—
Capital stock
5,701,913
1,070,992
(at cost)
1,361,013
5,120,614
———--->—
Investment in
Total
$54,138,713
$55,577,316
—
—'
Monday, July 10, 1944
FINANCIAL CHRONICLE
THE COMMERCIAL &
stock——'.
stock
—
———-—-—
86
4,427
234,643
304,59 2
.
,
234,639
Earnings per share on 117,335 com.
shares
—■———r—$6.32
.
'
°After
refund
of
deducting
$3,000.
retirement
debt
7; 7..
1
of
credit
'
$6.05
$110,000 and
_
$6.65
post-war
mamxr
THE COMMERCIAL & FINANCIAL CHRONICLE
r
.
,
Consolidate Balance Sheet, April 30, 1944
-
New York Connecting RR.-
Assets—Cash, $1,026,972; U. S. Treasury note, $100,024; contracts and
(less reserves of $208,837), $2,341,772; reimburs¬
"
May—
Gross
facilities contract, $27,315; inventories, $4,567,386; other assets, $591,075; land, $112,419; buildings, machinery, and
equipment (less reserves for depreciation and amortization of $1,034,464), $1,429,938; deferred charges, $117,701; total, 310,314,602., •
Net
from
Net
ry.
able, expenditures
on
payable; $2,547,492; accrued
Liabilities—Account's
.
State
and
withheld
taxes
and
Net
for prior
provision
ry.
—V.
1942
1941
$421,366
$269,410
$247,873
$287,250
103,494
109,187
119,417
income
113,076
106,844
132,621
1,113,322
460,320
1,306,835
1,820,263
Operating
820.181
1,373,966
Operating
556,795
845,498
1,297,970
.
Operating
income
518,388'
•
664,019
:
159, p. 2306.
:
7
'
'
„
Net
..
Net
New York New Haven & Hartford
RR.—Delay Asked
;
..
*
pointed
Bank' of
National
The' Chase
registrar
mission June 30 not
for
the
the
New" York has been
City of
stock
common
of
$1
•': J\::
the
for
apr
value.—V,
par
~
;
the
over
The
159,
road
National Securities & Research
of
.delay
the
The
■
■■
j;
corporation
in
shares
—V.
June 23 filed
on
investment
.an
National Securities
159, p.
2639.
This
debtor's
preferred
recently
was
p.
registration statement for 42,301
restricted management type.
Corporation
v
Commission
'
;
■■
•'■■■■"
.■
will
the
enter
casualty
field
the
writing
immediately,
Southeastern
applied
for
RR.,
Pennsylvania
v..-'"''
♦
"
.
V
"
to
3
the
State
York
New
Public
'
stock.
of
'
With
the
carrying
$20,550,000
cellation
owed
will
out
to
not
it
of
by
result
the
New
in
Net
Net
-
•
Co.—Earnings—
The
to
'
the
-
Period End.' May 31—
Operating
Operating
Federal
1944—Month—1943
$891,737
revenues
Other
Amort,
of
88,484
1,035,261
1,140,437..
80,323
78,058
60,800
60,800
790
$180,598
$215,943
$2,689,287
' 405
176
.3,575
>$115
730,000
'
oper.
revenues—
income
,' Gross income
and
income
Divs.
npplic.
9,462
preferred
New
91,121
1,079,305
1,057,494
$1,613,557
$1,811,933
period——
499,100
.Corp.
and
2419.
p.
?
-
latter
the
cor¬
■>
12 Months Ended March
■_
..
31—:
;'
J
1944
1943
$46,244
_!
17,704 J
Maintenance
income
cash
a
prices
payment
of
equal
the
to
existing stocks
the
on
and-
4,135
1,482
stock
$105.
unexchanged
Any
to
not
to
The
Utility
operating
2,067
—
income——
Other income _L
%>'•••
Retirement
Income
'.i-
accruals..
reserve
deductions
83
.
of
...
the
and
Light
Service
of
the
■.
,
7,526
$21,631
L... 7,546
; 7,553
7,682
.
—
______
with the
the'acquisition from
to
as
petition
a
income
—__%
'
Dividends
—V.
158,
$5,724
capital stock of Hudson
Hudson Valley Fuel into New
16/
"•
';
L
New England Gas & Electric
the week
For
ended
Stocks, Inc.—Assets Listed—
cost
Of
as
SEC
of the
$83,763,
was
Nov.
June
on
compared with an
1943.—V. 159, p. 2011.
30,
%
%
/
J
Association—Output—
.
;
not be
unrealized
loss
of
order
p.'
15.
:
;.
ditions
for
reports
the
week
of
kilowatt
hours
available
for
its
July 3, 1944. as 59,073,424, compared
61,318,032 for the week ended July 1,
1943, a decrease of 3.66%.
Comparable figure for the week ended June
24, 1944, was 62,073,485,
an increase of
1.69% over "the corresponding week last year.—V. 160,
P- 15.
o. v'..
\
.
-
•.,;./•
...
■
U-50
England Telephone
Period
End, May 31—
Operating ' revenues—._
.
Uncollectible
oper.
.
rev.
&
Telegraph Co.—Earnings
further, ruled
paid over to
Chase
$8,660,832
_______
5,903,753
5,745,364
1,456,643
29,060,007
7,516,008
shares
$1,263,059
$6,110,688
3,805,942
1,552,092
-
'
and
that
the
of
of
operating income
$1,204,985
771,959
Net income
782,306
•
3,932,125
5,979,000
6,53^,722
Dr204,000
(net)
Dr290,473
_A—'
24,645,000
J9r648,000
25.032,383
23,997,000
2,963,000
24,076,700
21,034,000
20f918,000
20,491,140
I)r955,683
■
5,775,000
678,000
6,242,249
.5,097,000
5,395,396
846,853
exchange
Northern
and
Indiana
shares
com.
$1.57
359,
4,921,875
$1.69
"
3,585,560
17,841,563
$6-33
$6.55
2640,
p.
,
'/
.
Co.
./
...
,
the
The
,
combination
;to
formula based
a
of
uncanceled contracts.
on
liquidate its investment in Navy contracts and provide funds for
production.
;j
Company's war production effort has been divided into two divisions.
Its
production
advance
•been
of
Rolls
paymerits.>
financed
by
Royce
aircraft
Its-manufacture
financed by
engines has
engines has been
of
Packard
marine
the
company's own funds."
The credits, arranged are available to Dec. 31, 1947, with a final
maturity of Dec. 31, 1950, on the guaranteed part.. Interest rate is
f2'V2% ,> with n Commitment fee of % % on the unused portion of th$
credit'.—V.
159,
2420.
p.
:
12.Months End. March.31—,.
'Operating
ex¬
City
of
York
New
has
been
1943*
1944
$55,630
:
revenues
Operation
$55,794
19,214
24,279
Maintenance
5,035
u__/_
taxes___
Federal
ap¬
'• j
;
■
Pennsgrove Water Supply Co.—Earnings—
■
y.'...
.
t
a
reconversion to automobile
General
the
of
x
revolving credit and a termination loan
'agreement, Mr. Ferry said,, will make loans available to the company
Service
by
'
credit is to be made available by the banks against
consisting only of- Packard's investment in canceled con¬
concurrently is the revolving credit which is to be
Running
made available against
purchase
Public
4,922,000
per
formula
income
2,652
.
3,838
5,433
taxes
"1,836
•
■
1,4^4
cumulative preferred stock.-
Utility
operating
income___-__
j'
.
-
■
__,•■
$28,645
$19,047
.
income—net—
Other
*<
21
513
:
.
cumulative
preferred'stock of
of 7%, 6%
and
purchase
will
be
the
shares
of
such
of
received
Time, July 10,
as
by
or
220,078
the
on
not
are
shares
so
for
company
5% %
of
preferred
5%
Gross " income——-!.————
of
Retirement
its
up
to
as
company
10
Net
Co.
above—V.
o'clock
Dividends ——L_
a.m.,
—V..
be fixed by
may
160,
7,288
'
$28,624,
8,295
'6,566
6,531
$5,706
$13,799
6,694
•
-
.
;
158,
p.
——-_
p.
——11—1—1"
22,222
2194.
Pennsylvania
Power
•
—__
income
RR.- -Earnings
(Excluding L. I. RR.
-
Indiana Hydro-Electric
$19,560
cumulative
exchanged.
such later date
accruals
reserve
Jncome deductions
stock
Period End. May 31—-
16.
,
,
31,432,450 141,083,000 121,240,871
39,739,302
11,472,543 49,835,000
12,333,000
t__
.
Record Number of Orders On Hand—
$
$
36,318,000
The' termination
a
have not been
as
proposals for services in effecting exchanges
Calls Bonds—
See
•>1944—12 MOS.—1943
49,487,715 215,563,000 186.012,556
Cumulative Preferred Stock—
5 %-
the
Proposals
■
(& Subs.)—Earns.
,
$ -
54,630,000
income,
tracts.
the company.-
$6,404,894
'
J. Ferry,. Secretary-Treasurer of the company, announced
June 29 that the company is arranging, with a group of banks for a
combination revolving credit and termination credit of $30,000,000.
$21,500, the amount of any such reduction
National; Bank
outstanding
for
Central War
Net
proposed
into between
preferred stock of the company
27,763,379
7,150,898
1
ap¬
')■ Hugh
through underwriters.
Northern Indiana Public Service
is'.inviting'
Company,
$8,465,066 $42,686,703 $41,319,171
'
Packard Motor Cat Co.—Arranges $30,000,000 Credit-r
:
Public Invitation for Proposals for Exchange and Pur¬
presently
Operating revenues—
Operating expenses
Operating taxes
,
1
^June estimated.—V.
,
estimated total
chase of 5%
1944—Month—1943
1944—5 Mos.—1943
$8,671,178
$8,473,423 $42,729,187 $41,354,841
10,346
8,357
42,484 *
35,670
:'
$
income___J
income
Earns,
Transfer Agent—
^
par
the
be
The
'
,
Dividends
1
sold
change solicitors and underwriters.
!•'
■
revenues
oper.
Net
may then be deemed appropriate, jurisdiction being reserved
imposition thereof in connection with the proposed transaction.
the
shall
•1
r
distribution
'
cumulative preferred stock
pointed transfer agent for the 51o
New
1 A
Interest" deductions
have been entered by the Commission in the
light of the
completed, which order may contain, further terms and con¬
SEC
and
low
with
no
*1944—3' Mos.—1943
June 30—
•
Total
exchange solicitors and underwriters be modified so as to
provide that, in the event the fees and expenses of independent counsel
for the exchange solicitors and underwriters be reduced ultimately be¬
Association—Output Off 3.66%-^-
number
1
declared
stock,
A similar
s
the results of the competitive, bidding pursu¬
have'been made a matter of record and a further
agreement to be entered
ended
,
'
as
The
f
Association
21.1
'
'
Net
v
..
exchanges" will'be issued and
Rule
so
for the
Co,
The
/' !
'Taxes
'•
shall
record
an increase of 7,496,000 cubic feet, or
7.91% above production
94,727,000 cubic feet in the corresponding week a year ago.-—V. 160,
%
of
consummated until
to
ant
-feet,
1
July
on
common
July
'Operating' expenses
that the proposed-issuance arid sale (in¬
cluding the exchange feature) of the. 220,078 shares of. $100 par value
5% cumulative preferred, stock, aggregate par value
$22,007,800, shall
this Association reports electric output
of 12,597,576 kwh.
This is an increase of 537,458 kwh., or 4.46% above
production of 12,060,118 kwh, for the corresponding week a year ago. "
Gas output for the June 30 week is
reported at 102,223,000 cubib
territory
the
Operating
The SEC ruled, however,
_
-v
issued
29
$100 par value 5%
issued upon
June 30,
New England Power
directors
on
Period End.
Will
be called
for
redemption at, redemption, prices,
plus accrued
■'dividends;' and (3) providing that such number, of the 220,078 shares
-V
2192.
p.
:
Pacific Telephone & Telegraph Co,
'
to.be issued, .with. proper adjustments/ fpr accrued dividends
the stock to be surrendered and upon the shares to be issued,;
providing that any shares not surrendered by way of exchanges
%2)
7,020
:
-
-
The Chase National Bank of the City of New 'York has been
pointed registrar for the $5,par common stock.—V. 158, p-. 774,
Valley Fuel
York Power
.
of such stock for one share of ^100; par value 5%
cumulative
stock of the company., plus a cash payment in an Amount
representing the difference between the redemption- prices of the stocks
outstanding at present and the initial public offering price ofi the
$6,403
4,680
-
_____
49.
p.
Pacific American Fisheries, Inc.—Registrar—
■
•upon
.
160,
;
;'
••
filed
27
entire
of
merger
June
on»
Commission
share
240
•
$20802
■
Net
1942.—V.
a
quarterly dividend -of $lv per
value, payable Aug. 1 to holders
was made on May
1, last,
compared with $1.25 on. Jan. 26, 1944.
Payments last year were
as follows: Jan. 25, $1.25, and
May 1, Aug. 2 and Nov. 1, $1 each.-i*
'V. 159, p. 1451.'
%
shares
Gross .income
•
24,
record
preferred
^
t
have declared a dividend of $1 per share on the
July 25 .to holders of record July 10.
This
with 80 cents per share paid ori June 30, 1943, and 50 cents
July
share
all shares of the existing 7%
under'the plan.
The' entire
the -Securities and Exchange
redeem
exchanged
approval
Refinancing Plan—
•
an qrder permitting to become effective
issuance of $850,000 of 2%
promissory
Nov, 27, 1944; $100,000 on March 27, 1945, and
the
of
Northern Indiana Public Service Co.—SEC Approves
$21,392
—
taxes—
-
issued
1
regarding
(The) Outlet Co.—To Pay $1 Dividend-r-
:
an order granting the application of the
the refinancing of 220,078 shares of its cumu¬
lative preferred stock (69,858 shares of the 7% series, 124,505 shares
of the 6% series and 25,715 shares of the 5Va% series)
by (1) offering
:
the present holders of such stock the
^opportunity to exchange each
2,628
4,144
$20,719
taxes
Federal
July
on
.
over
The
2,319
General
/
stock,, payable
compares
company with respect to
16,023
.
directors
common
Officials of the Niagara Hudson System state that these
being taken in the interest of economy and the simplification
.$928,222
;
V
,
■
.
principal amount held by such banks.—V. 159, p. 2640.
same
The
cumulative preferred
The exchange will
new
corporate structure of these subsidiaries,—VA. 160, p.
ments
$46,368
——
SEC
•Other-' income
revenues
'
Oppenheim Collins & Co.—To Pay $1 Dividend—
-
stocks.
The company reported June 30 net assets of $7,346,184 as of ,May 31,
1944, against $5,974,300 on Nov. 30, 1943,
Excess of value of invest¬
Co.—Earnings—
800,127
$4,298,635
4,044,164
.
...
1944—6 Mos.—1943"
797,065
'
$4,110,365
3,930,440
notes due $100,000 -on
$650,000 on July 27, 1945, secured by $1,200,000 of company's 5% bonds
certain banks in exchange for 3%%
notes due July 27, 1944, la
-
■
New Canaan Water
Operation
with
preferred
used
stocks
Power
New York
%
-Operating
$6
subject
Hudson
are
of-the
$3,238,166 $16,361,467 $16,242,774
2524.
p.
declaration
.
1944—Month—1943
$3,022,468
_
15S,
159,
.
'
Period Ended June 30—
Sales
$836,079
-Light.
steps
;•.
income
.to
v.
corporation, of the .unexchanged balance of
redemption price of the 7% preferred stock is
the
Public
■
and
.,..499,100
stocks for
basis
redemption
-
York
York
-
.'Niagara
$2,860427
-
$124,998
;:
2306.
$2,692,862
New
-
42.6
.
89,963
v
pfd.
$216,119
•;
-
Neisner Bros., Inc.—June Sales Off 6.6%—
—V.
$6
'transaction-, is
$2,869,001
.
$91,040
-
;
-
to
159, p.
$181,003
—
Interest charges
Net
-
...
of
operating
The
a
the new cumulative preferred stock will be sold for cash
than $100 per. share, and the proceeds, together with other
less
7,167,889
$810,774
15,737,535
the
'corporate funds, will be
limited-term
9,871
of
the
of
and $6 preferred
share
to
The
that
and
at not
730,000
Stock.-
/balance
res.
v
for
proceeds
new
exchange
an
present 7%
share
a
cash
;the
889,223
951,916
-
proposes
the
•Commission.
Net
Other
—V.
4,347,005
—
investments
:''
5,454,058
—i.__
retirem't
on
the
;:^:"76o
taxes
appropriation
for
difference; between-the
$9,9'85,128
355,48T
___•
taxes•
.Property
be
1944—12 Mos.—1943
; $799,562 $10,870,393
;
425,358143,898
expenses
plan
stock
j
8,181,547
Oklahoma Power & Water Co.—Note Issue—
•
Power
17,150,090
1,504,664
Power
income - taxable
poration.
•:
Nebraska
-
-
3,221,747
income
—V.
Niagara Hudson will cancel
and Light, if the can¬
plan,
York
any
20,112
$29,442,002 $27,204,050
$5,562,490
______
Service
'■
$27,224,171
•
240,000 shares of new cumulative
refund the outstanding 7%
and $6
•,
2,515,151
1944—5 Mos.—1943
issue
to
$2,851,830
$5,568,340 $29,479,545
37,543
5,850
7,630
$5,971,063
Operating expenses;:—3,496,424
Operating taxes
1,663,865
of
ferred
States,
$5,978,693
rev._
Operating revenues
request
holder
L'L
a
•
,
$2,793,915
2,490,133
501,285
.
1944—Month—1943
revenues
revenues—_
Uncollectible oper.
Light Corp.—Exchange Plan piled
July
consent
the
-
similar
A
$559,613
499,558
Operating
until
stock irt exchange for the parent company's holdings of 36,019
the 7% preferred stock and 19,181 shares of the $6 pre¬
new
shares
and
machinery and accident and health in
Vincent Cullen, President,
announced on
July 5.
This service, presently to be- made available in Alabama, Flor¬
ida, Georgia and South Carolina, will ultimately be expanded into, a
country-wide operation, he said.—V. 155, p. 923.
four
$542,529
2524.
p,
End. May 31—
Period
s
preferred stock ($100 par) to
preferred
stocks:
The
dividend
rate
will
not
exceed
5%.
The
petition also requested the Commission's consent to the acquisition
by Niagara Hudson Power Corp., parent company, of 55,200 shares of
■-
Corp.—-To Enter Casualty Field—
boiler
except
New York Power &
-
,
'
stock.
common
by
15.
;
*
'
•
■
and
made
160,
'
Corp. is named sponsor in all cases.
J
,
corporation
lines
a
fund,
Research
National Surety
..all
trust
&
-v
•
1,024,966
.
,
sec—
balloting
for
159,
$4,370,827 $23,041,312 $21,459,273
2,854,621
15,384,578
14,142,235
956,593
4,862,819
4,465,208
3,166,537
taxes
Ohio Bell Telephone Co.—Earnings—
plan of reorganization
litigation
'
> 1
made jointly by the protective committees for hold¬
stock.—V.
common
Corp.—Registers With
company's creditors
has been settled.
request was
ers
'
•
.
the ICC-approved
the
to
plan
for
2639'
P-
to submit
$4,734,032
expenses
income
—V."
committees of stockholders asked the Interstate Commerce Com¬
Two
1944—5 Mos.—1943
$4,374,747 $23,060,291 $21,485,024r
3,920
18,979
25,751
4,137
rev
operating income
■
.
Service Corp.—Registrar—
National Linen
oper.
Operating revenues—
railway———
Plan—
$4,738,169
revenues___.
revenues____
Uncollectible
306,438
■•
railway
oper.
:
for
on
Co.—Earnings—
1944—Month—1943
283,554
1,183,077
oper.
from
■Net
taxes on income (estimated), $2,186,000;- Federal
years pending settlement of claims for relief,
additional taxes for prior years (estimated), $296,-196; reserves (net), $688,318; common sto,ck (117,347 no par shares)',
$1,138,681; capital surplus, $98,437; earned surplus, $3,231,p59; com¬
mon stock in treasury, Br$822;
total, $10,314,602.—V. 158, p. 1350.
Federal
railway,
from
Gross
Northwestern Bell Telephone
Period End. May 31—
1943
railway——:.
From Jan. 1—
-
$129,241;
expenses,
from
-Earnings—
1944
-,i
accounts- receivable
i
121
.
.
Volume 160 ;v Number 4297
of Regional System—
and B.
&
E.
RR.)
.
1944—5 Mos.—1943
1944—Month—1943
$
"
J; E. Harrell, President, in
their
dividends,
statement sent to stockholders with
a
payable June 30
at
the
rate
of
$1,25
Northwestern Electric
share, said;
per
"The current dividend of $1.25
per share is the same as that paid in
the. corresponding quarter of
1943, although earnings per share are
running somewhat behind last year.
'
*./•• '
Period End. May
»
"The
ties
is
continued-shortage.of telephone instruments and
reflected
in
the
other
facili¬
relative
31—',.
"Operating
revenues
Operating
expenses
___
Federal
Other
taxes
is only
Amort." of
while,
new
of those
the number of orders held
high of
more
"The
company
inconvenience to
than
families
realizes
involved.
manufacture,
for
several
of
facilities
has
reached
can
is
and
be
not
recently
months
that
many
of
them
authorized
arrest
by
the
the
rapid
War
represent
in
the
waiting for service."—V. 159, p^, ?419.
.
May—
Gross
'
,
Net from
railway
Net ry. oper. income—:
$8,394,591
3,390,366
1943
1942
railway-.:
Net from railway—
Net ry. oper. income—.
r-V.
160,
p.
15.
,
$4,818,202
3,840,265
3,643,868
2,048,130
'934,194
1,118,666
1,057,520
1,259,903
42,389,925
41,539,529
19,973,743
5,734,895
32,670039
22.619,909
14,458,834
5,242,932
"
oper.
revenues___
Cither ' income
974.807
.
Transportation
Miscell.
Net
from ry. oper.
rev.
41, 633,161
67, 332,417
5,142,079
4 650,807
29,674,730 164,519,336 146 ,181,783
1,206,797
6,597,827
5 ,999,958
965.234
32,667,976
operations_____
,1,340,293
General expenses—-
84,478,040 415,370,772 388; 621,211
1,365,061
1,262,463
7,372,688
6 ,740,350
24,192,696
29,789,342 104,943,212 116,082,728
$73,475
(net)
,
..
"
$82,051.
..
11,935,000
874
.
280
$1,051,439
10295
$1,125,976
3,739
12,520,003
47,572,000
50,949,890
insur.
1,092,426
930,181
5,369,636
4,640,939
Railroad
retirmt.
taxes
1,146,581
1,006,704
5,781,092
Equipint.
rents—Br bat
1,085,402
395,055,
4,431,998
5.027,841
3,503,924,
Joint fac. rents—Br bat
184,102
224,846
1,005,888
1,168,765
8,749,185
14,712,553
40,785,598
50,791,368
Railway taxes
taxes—
•
Gross
Interest
1_
.income
charges
.
$74,349
32,761
$82,331
,
.
$1,061,734
33,762
419,852
432,420
$641,882
$697,295
334,244
334,234
$1,129,715
f
Net
L
Net
income
$41,588
•
$48,568
Dividends applic. to preferred stocks for
period
159,. p. 2524.
,
•
Ohio Edison Co.—Changes in Personnel—
,,
'
•••«(
1
1
'
•
cern—
■
'.
'
,
Ohio Oil Co.—Leases Oil
See
•
United States Sugar
oper.
income
In
the
on
since the
Improvements Since 1929—
year of 1929, the company has
improvements, according to a review
completed for distribution to
passengers and shippers.
In. the last five, war years, alone, 1939 to
1943, more than $300,000,000 went into betterment expenditures.
The railroad announces that, at the present time, it is building a
new type of direct drive steam turbine, locomotive of greatly, increased
power and that, in addition, an initial order has been placed for the
construction of new type "multi-cylinder steam freight locomotives for
15
spent nearly
the
years
a
panic
billion dollars
railroad's research
on
activities just
,
Walter H.
Sammis, Vice-President and'a director, has been elected
President,- succeeding A. C. Blinn," who has" been elected Chairman of
the board.—V. 159, p. 2640;
••
ry.
Spent Billion Dollars
•
5,623,010
4,698,452
equipment-
Unempl.
9,263,769
17,335,973
18
47,772,064
79,023,566
of
Traffic
300000
-
1941
$7,486,578
.
from
300,000
8,088,382
13,491,092
of
$8,268,312
From Jan, 1—Gross
25,000
_.
St. Louis RR.—Earnings—
1944
■
from .railway-
25,000
investments
Net
—V.
New York Chicago &
537,622
10,390,283
16,206,689
limited-term
a
Production
increase
416,080
525,536
:
appreciated only by the individuals
expected. that the resumption of
even
2,887,845
704,044
res.
.
a,
fully that all of these held orders -represent
It
Board,
will
lack
Mean¬
"
potential users,
instrument
number of people
for
by disconnection.
70,000.
degree- of hardship which
and
recovered
3,022,910
50250
87,137,805
Maint.
$5,267,541
46,094
;
Property retirem't
appropriation
excess
Operating revenues—
Maint. of way & struct.
-
1944—12 Mos.—1943.
$5,603,952
23
taxes
stabilization of the number of tele¬
phones in service, since- the number which can be connected each month
slightly in
Co.—Earnings—
1944—Month—1943
$460,651
$437,506:
254,951
229,229
61,131
50,976
___
,
j
Properties From Sugar Con-i-4
jhguling heavy trains faster.
A
at
Corp. below.—V. 159, p. 2088.
iS.I1~.LJ
I
.
Altoona
$1,500,000
a
Works
year,
an
in
•
,
great deal of this research,
its
>•
the railroad points out, is carried on
Pennsylvania, where, at a cost of
central
extensive
department
specializes in
laboratory
THE COMMERCIAL &
122
research
testing designs and materials.
allied fields vof
the
and
preference and first preferred stock within the meaning of Sections 179
and 216 (8) of the Bankruptcy Act, as amended, and that no pro¬
(b)
Gross
from'
Net
ry.
oper.-income-J.-v!
ryv
3,957,825
429,563:
*33?,667
■
2,954,828
"*764,008
684,992 • '
.
"Deficit.—V." 159,'p. '2307.
■
\
Farmers Trust
Bank
City
The
-
'
63,316
2,289,115
' *227,330
'
-
to
'
three
conclusion the
receive
to
would
transfer
all
the
and
adjustments
to
expenses
certificates
The
instrument.
.
.-specifically provided
as
of
beneficial
of
to be exchanged for Pet Milk
4'/4% cumulative second preferred stock//
The City-Bank Farmers Trust Co. has also been appointed-transfer
agent for 30,000 shares of the second preferred stock.—V. 159, p. 2525.
certificates- bfi the Van- Camp Milk Co. •
law,- and
would
be
to
made
for
acceptance of such a plan by any
stockholders.—V.
Operating
159,
1290.
p.
1944—Month—1943
revenues..
expenses..
'
4
253,386
232,229
i
oper,
$120,985
(net),——
;.
v
"
$118,788
Dr30
$1,418,012
$1,323,25^
r » 470.974 / ;• 504 462
•" 5 470,974
504,462
$118,747
39;484"
:
t
39.232
39,232
>.
•
:
Divs.
v.
159,
2677.
p.
•
$818,790
>
430,167'
-
.
-v•v•:..■•
.
Potomac Edison Co.—Acquisition Proposed—
:
■
!
'
:
"The company has proposed to the Securities and Exchange Commis¬
that-it be permitted to acquire from the: Republic Serviee Corp.
;
sion
disclose-plainly on; their face that they represent
all
the event of net recoveries
or dividend rights in the
absence of such recoveries as would entitle them to PGE stock under
the terms of the Adjustment Trust.Certificates of contingent interest
would
be issued in
appropriate units for distribution among prior
preference stockholders and first preferred stockholders of PEPCo
in two classes to give effect to the respective liquidation rights of
the existing stocks.
■ 'V
■"
(e) The certificates described above would be allocated as follows:
(1)
The certificates of beneficial Interest would be allocated to
PEPCo's bondholders to the extent necessary to cover
the balance
of their claims, (including interest accrued .to the date of allocation
to be fixed or defined in the plan)
after taking into account the
cash and other assets distributed to bondholders as outlined
above;
and the remainder,
if any, would be distributed among the prior
preference stockholders.
For the purpose of such allocation, the cer¬
tificates of beneficial Interest an*^ the-stock of the realization cor¬
poration and of Traction would be valued on the basis of the; values
hereinbefore found for PEPCo's assets as of Dec. 31, 1942, adjusted
according to an appropriate method set out in the plan to reflect,
as of
the allocation date, the net current asset positions of PGE and
Traction (or the proceeds from any sale of the Traction stock), and
the
market
value of Consolidated
securities, without taking into
account any unrealized recoveries from the litigation described above.
Values
as
of the allocation date and allocations pursuant
thereto
would be subject to the approval of this Commission and the court.5
(2)
The certificates of, contingent interest would be allocated to
•the prior preference stock and the first preferred stock, according
to
their respective liquidation rights,
with due allowance for any
certificates
of beneficial interest -allocated to the prior preference
stock under subparagraph (1) of this paragraph (e),.
' :
:
Distribution would ..be-made in accordance with these allocations,
except that the plan may contain provision, for withholding dis¬
tributions to particular bondholders whose-claims shall not have been
/allowed by the court by reason of the contentions made by stock¬
holders of PEPGo that such bondholders are not holders in due course
and are subject to subordination. Provision may also be made In the
plan for reallocation of assets so withheld in the event the specified
*
140
$1,417,250
:Net ..income——r..—:.,;. $81,471- -• $70,515/-v $947)038
applic. to pfd.' stocks for period—^.—.—
430,167
/
be
337,501
,
•
$1,322,478
,l>r41;; /c •;.762 /::' ;'• ;y ...774,
':
$120,955
charges.—/.—-J'
Interest
„
69
income...
Gross
V 325,000
,
'
revenues-
Other income
328,039
limited
investments.^
Net
27,084
106,858
314,363
32,546
27,084
,
of
162;033 ;
res.
- -,
appropriation
term
:
18,371.
32,449
•
retire.
■Amortization
3,275,299
11,137
Other ,taxe»_
$5 115,304
3; 020,288
$5/494,014
$429,018
'
Property
1944—12 Mos.- -1943 ';
-
$445,041
Federal. .taxes'.^
in the
would
interest
PEPCo's
•Operating
to the
PGE stock
have
would
of
Period End. May 31—..
-
presently assign to PGE all the
recovered therefrom : (subject to the
such
trustees
PEPCo
The
.
,
Portland Gas & Coke Co.—Earnings-
registered in the names of their respective holders and would be
fully transferable.
(2) Certificates, (called "certificates of contingent interest") ,which
would
be
registered in tjre names of; their respective holders and
would be nontransferable except by inheritance or other operation
agent in connection with the merger of Van Camp Milk Co. and
Pet Milk -Co.,\ and is prepared to receive preferred and common stock
a possible interest in PGE stock -in
litigation and carry no, voting power
,
it^ security holdings in four utility companies for a basic price of
plus adjustments.
The; securities .which Potomac proposes
only
•
Philadelphia Electric Co.—Weekly Output—
$1,936,069
in
"
*
prosecute
i
•.
,
.,
,
Adjustment Trustee (to be appointed by the; PEPCo trustees subject
to the approval of this Commission and the court), to be held and
disposed .of pursuant to the provisions; of tho Adjustment Trust.,, Z, I,
(d) The-Adjustment trustee-would-issue'certificates as follows;
(1)
Certificates
(called
"certificates of- beneficial -interest")-' in
appropriate units representing interests in snares of, underlying PGE
stock, entitling the certificate holders, to vote the- underlying shares
and. receive -dividends thereon
during /the- life/of the Adjustment
Trust and to receive PGE stock certificates at the termination thereof
trust
has been designated exchange
Co.
right
subject
*931,458
V'/,-.V■"
.
Agent—
Pet Milk Co.—Exchange
i
I
1942
1941
$721,296 v.: $555,151
,134;824;- >,34,499
49,903
124,911
' ,,+ "-
"■'
4,000,668
283,538
railway.--—.
Net from
Net
• -
49,232
would
ultimately
be
,,
,
^
$938,131
236,668
' •/
1
'
from * railway:.—•
Gross
;
9,044
income-:—
oper.
'Prom Jan. 1—
4
220,990
railway• ;
from
Net
-
would
but
above
may
1
y
class
proposal.
opinion that provisions carrying out the substance of the
outline would be adequate for the protection of PEPCo's prior
our
vision
reasonable compensation and reim¬
bursement for expenses as may be approved by the court), in con¬
sideration of undertakings by PGE to fulfill certain obligations as
provided in tbe Adjustment Trust.: '
1 1 ;
,:\ v
■
1
' \ :
Lines-—Earnings—
1 1943
that
trustees*
(c)
1944
$994,106
trustees
PEPCo
The
appropriate.
might be
as
described
suits
benefits
in the laboratories and the loco¬
the most important original work
under conditions of actual uP®^a"
Notable in this respect are the track, locomotive, and bridge;
at Claymorit, Del., and Elkton, Md.—V. 160, p. 50.
;
»
*
railway—i-V
them,
is
above
PEPCo's
among
While, most of the research is done
motive test plant at Altoona, some of
has been carried out on the railroad
Pennsylvania-Reading' Seashore
otherwise im¬
or
bondholders;, and any cash of PEPCo not required
payment, of reorganization expenses and preferred .claims,
including the proceeds from any sale of Tfaction stock, would be
distributed pro rata among the bondholders in convenient amounts
or turned over to the realization
corporation for ultimate distribution
It
the
for
experimental, an electronic train telephone, which permits verbal com¬
munication between' the ends of moving trains, between.trains, and
between trains and wayside towers.
It is being tried out, with very
favorable, results, on the Belvidere-Delaware Branch,
extending 67
miles; northward from Trenton, N. J.
-
May—
suggestions for. Simplifying
any
proving the
among
signals/.rendering accurate observations of the indica¬
tions entirely independent of outside visibility.
Research in the same sphere of science has-produced, in iorm still
of the external
tests
welcome
utility lands and any other non-liquid assets would be transferred
to a realization corporation/ to be liquidated in an orderly manner;
the stock of the realization corporation would be distributed pro rata
the many highly specialized products of research in use on
the railroad, the. review states,
is the "cab signal,v.;developed in the
field of electronics..
It Reproduces inside the engine cab the indications
Among
tion.
would
We
interest in Cazadero, its non-
of Consolidated -securities, its
holdings
•
Monday, July 10, 1944
FINANCIAL CHRONICLE
acquire consist of 39,400 shares of common-stock of -the Page Powet,
Co,, 7,600 shares ocmmon stock of the Madison Power Co., 2,800 shares
to
of
stock
common
the
to
Massanutten
Power
Co., and 700 shares
Corp.—V, 149, p. ,3274.
stock of the Massanutten Water
common
of
.
.
output for the company and its subsidiaries for the
1, 1944, amounted to 124,246,000 kwh., an increase
7,677,000 kwh., or 6.6%, over the corresponding week of last year.
electric
The
ended
week
of
—V.
-
160, p. 50.
There have
,v:.;\
1, next, $108,000
of Aug.
been called for redemption as
15, 1908 at 105 and int. out
in the sinking fund. ; Payment will be made at the
Pennsylvania Company for Insurances on Lives and
Granting Annuities, trustees, 15th and Chestnut Sts., Philadelphia,
Pa.—V. 159, p. 385.
:
^
v
collateral trust botads dated Dec;
of
5%
of
moneys
held
The
off ice. of
Philadelphia Suburban Water Co.—Earnings—
12Mos.End. May 31—:
/-
Gross
Operation (incl. maint.)
.Taxes
544,938
*
367,762
-
700,068
801,545
1,087,677
1,109,446
'
—
—
,
.
1943
•
•
1942
1941
$2,764,314.. $2,759,476 -$2,561,646
,1944
__—,1— $2,926,297
revenues
86,586
-
128.253
•
''
earnings'
Net
•Interest
$1,271,913
552,655
charges
oth. deducts.
IFederal income *,taXi___
'Retirement expenses
depreciation).,
i
'-
,
t,
divs._
$1,308,875 " $1,871,344 $1,733,325
; 1 552,687
538,781r "641,766
21,770
-106,521 r - - 33.622
135,000
; 191,951
i:'■
.
(or
—_
avail^for
Bal.
,
Cr28,144
&
Amort.
t
•>;
,i
$734,418
$747,402
257,552
.
-
251,212
$614,774
$833,489
tlncluded up above in operation.
"Included up above in taxes. :
Balance Sheet
of May
as
31, 1944
cash, $1,528,904; U. S. Government
securities, $1,448,322;; accounts receivable, $83,159; materials and sup¬
plies, $120,830; ^>ther current assets, $262,219; prepayments, $31,446;
/special deposits, $195; unamortized discount, expense and call premium
on retired bonds, $383,721; unamortized expense on outstanding funded
debt, $156,550; undistributed debits, $14,137; total, $33,045,702.
•
Assets—Fixed capital, $29,016,218;
Liabilities—Capital stock, preferred, $3,200,000; capital stock, com¬
$2,500,000; first mortgage bonds, 314% series, due 1971, $16,serial notes due subsequent to May 31, 1945, $900,000; serial
notes due prior to May 31, 1945, $150,000; consumers' deposits, $22,964;
other current liabilities,
$24,344; main extension deposits, $284,008;
accrued taxes, $558,416; accrued interest, $226,526; other accrued lia¬
bilities, $17,738; unamortized, premium on outstanding funded debt,
"$795,545; reesrves, $3,964,201;. capital surplus, $1,443,095;c corporate
surplus, $2,583,865; total, $33,045,702.—V. 159/p.; 2309. .'
mon,
.375,000;
.
in
Named—
Securities Corp.—Trustees
Phoenix
five directors
The
dissolution
of
the
of
this corporation
by
company
W.
Chancellor
,,
appointed trustees
W. Harrington of
have been
Wilmington, Del.,
it was announced on June 29.
incorporated in Delaware in August, 1929, and to
be dissolved through
action taken by its stockholders on June 24,
invested in the securities of other companies and has a portfolio with
a market value,
with other assets, of $26,277,508.
These are carried
on the company's books at $5,399,702.
The
company,
,
directors, now trustees, are Hugh B. Baker, President of the
Ridge Corp.; Henry C. Brunie, President and Chairman of the
board of the Empire Trust Co.; Walter W. Colpitis; a partner in CoverThe
Blue
dale
&
Colpitts,
consulting engineers;
Joseph
I.
Lubin,
in
partner
a
&
Eisner
Lubin, certified public accountants of New York City, and
•Walter S. Mack, Jr., President of the Pepsi-Cola Co. of Long Island
City, Queens, N. Y.
stockholders
2677.
June
on
stockholders,
p.
.
.
the liquidation program approved by the
All " creditors and claimants, other than
to file their claims by Sept. 5.—V. 159,
trustees will carry out
The
21,
directed
were
•
,
.J ./
v
?
Portland Electric Power Co.—SEC
-
—Offers Own Proposals—
■;
Securities and Exchange
The
four
,
■
Disapproves Plans
,
Commission on July 5 disapproved the
reorganization
plans filed by the company under the
.Company Act and suggested a new plan to the company, -
Holding
»
v
.
Commission
The
amended
plans
it
coming
■.
of
Outline
we
Possible
detail
II
any
evolved
have
of
It retains
assets
Plan
class
the
v
,
...
,
as
the
SEC's
own
plan
before
the
;■.
Evolved
by SEC—In
an
effort to avoid
of security holders under the circumstances,
following outline which, if completed as to
in a plan, duly submitted to us under Section
Holding Company Act, we believe we could approve.
many features of the trustees' plan as we have thought
as
in
„
the
practicable.'
In general,
"total
placing
embodied
and
(f)
.
said
consider
courts.
injustice, to
the
company
60 days
in, which to ' file
that if the amendments were not: forth¬
gave
and
would
proposed plan
our
such
manner
a
to
as
would allocate PEPCo's
compensate
distributable
the bondholders
for their
claims,
including accrued interest to the date of allocation, and
compensate the, prior preference and first preferred stock as far as
possible, in the order of their priorities,- out of any excess values 5
immediately available and further out of any benefits recovered from;/
suits
described
above.
the
three
(a)
the immediate distribution
assets
suits
an.
except
to
PGE;
PGE
(c)
"Adjustment
of
tificates
among
first
this
end
it
would
to the bondholders of all
for/
distributable1
provide
stock; (b) transfer of the benefits of the three'
the transfer of the PGE stock to a trustee under
Trust"; (d)
classes;
different
tificates
To
PEPCo's
the issuance
and (e) the
bondholders,
of
adjustment trust
distribution of such
prior
preference
PEPCo's
bondholders,
or
could
be
sold;
Adjustment Trust and
certificates issued thereunder would contain appropriate provisions to
effectuate the foregoing and also the following:
A.
The Trust shall terminate at the conclusion of the three suits
Provisions
in
question
be
fixed
in
of
PEPCo's
Adjustment
the
or
the
earlier
plan)
at
if
Trust—The
the expiration of a reasonable period (to
all the suits are not by that time finally
determined.
„
of such benefits to.it, PGE shall undertake, as
the Adjustment Trust, to credit the approved value of
such benefits to a special reserve account on Its books and balance
sheets and to maintain such reserve until its stock is available for
distribution following the termination of the Adjustment Trust, after
which the amount carried in such special reserve account may be
transferred to PGE's surplus accounts subject to the approval of this
the
assignment
party
a
to
Commission.
Promptly
•Net: income'
-
Net
the
termination
of
the
;
.
1
,
•
'
entitled to reasonable com¬
expenses out of the
approval of the court.
The amount of such compensation
and reimbursement shall, at the
termination of the trust, be applied against any distributions other¬
/
D.
The
Adjustment
Trustee
would
be
pensation for services and reimbursement for
of the Adjustment Trust, subject to the
corpus
u
—
—-
$472,878
$449,471
305,247
301,934
^
^
for the fiVe months ended May .31 was $1,649,861 as
$1,741,027 for the same five' months period in 1943.-r
2526, :■■•'1 ■ -^
•/..
with
p.
On
Sept.
•tribution
30,
the
as
1944,
has
will
all
repay
of Con-
Certificates
outstanding at par at the Society's executive office at
Ave.,-New York, N. Y. Interest will be paid at such rate
trustees
the. .last, 14
;'"»
determine.
may
R. Gregory .Page,
"In
-
the iSociety
All
...
then
Fourth
346
Treasurer, on?,June .30-stated in part as follows:
the outstanding-loan balance of the Society
years
dropped from approximately $29,000,000 to $9,485,000 and a large
of new lending agencies ate now in the field.
Certificates of
outstanding have been reduced from $22,500,000 to $10,-
-number
Contribution
Surplus and reserves, now amount to approximately $8,500,000
of real estate owned and used by the Society.
The-present
loan balance of $9,485,000, therefore,
exceeds loanable
650,000.
exclusive
outstanding
surplus and
ably
be
by approximately $1,000,000.
It appears reason¬
within a matter of months all contributed funds
and
idle
that
t
income
be no more than sufficient to
•'•",*
'■
•
/
The Certificates of Contribution represent funds contributed to the
Society for its chartered purpose. It is the considered judgment of the
trustees that the Society no longer needs these funds for that purpose
and that
it is in the 'interest of certificate holders as well as of
meet
■
that
reserves
certain
will
may
operating expenses. "
,
the Society
that all contributions now be repaid. *
.
marks the fiftieth anniversary of the Society, It was
provide an opportunity for needy borrowers to make
loans on personal property at a reasonable rate of interest.
During
this half century, the Society has made twenty million such loans,
amounting to over a billion dollars and averaging fifty dollars each.
In addition to the direct benefit rendered to borrowers,. the Society
"This
/
year
established
to
materially to the improvement of the general standards
has contributed
•
the small
"The
loan
business.
terminate
will
not
believe
the
Society
and
meet
cancellation
and
repayment
bution
of Contri¬
Tlie trustees
Certificates
of "the
■
Society.
facilities to continue operations,
be made upon it, with future
have ample
demands that may
any
all
of
existence
the
will
earnings devoted exclusively to the maintenance and extension of the
service for which it was organized."
Net earnings for the first six months of 1944 were approximately
The
$145,700.
of
rate
trustees
holders
certificate
the
of
2V\%
authorized the
have
record
per
June
on
annum,
earned
Interest
semi-annual
Net
March
June
30,
$13,833,437
12,455,821
10;867,869
——___—9,947,957
'44-——
'44
1944:
-y-L_—^
—
31, .'43——
•
'
.
—r——
30,
31,
$317,130
$145,700
,
—
46,091
Certificates
Based on actual data through June 27.
30, .'43
September
December
409,120
——
on
Loan Balance During Year Ended June 30,
Trend of
June
'
interest
Contribution
of
' "Estimated.
:
—
before
$726,250
392,600
-
$680,159
$538,300
expenses—
earnings
1943
$447,700
90,600
———.
securities——
earnings
Operating
to
at
$132,100.
to
1944
loans—,—;
on
Government
on
30
interest
June
payment on
of
16
amounting
*Six months Ended June 30—
Interest
—
9,485,000
(*est.)_
Note—IJnloaned funds, largely invested in Government securities,
in
excess
this date.—V.
$9,450,000 as of
of
are
157, p.' 2455.
.
'
Purity Bakeries Corp.—35-Cent Distribution—
;
.
the', trust;
—1_„—I—
^
—
Provident Loan Society of New York—To Repay
Adjustment Trustee shall cause PGE to reclassify
stock into such number of shares as will
of
$1,854,985
1,382,107
^
/
■
;
;
1943
$1,796,833
■. 1,347,362
--1944
.
Certificates—Earnings for First Six Months—
mon
tion
/■
income
compared
V.: 159,
Total
upon
',v.
■: ' '■;:,;; 1.
*v
Co.—Earnings—
'/V"
■
deductions——
$.7
.•
Adjustment Trust /the
.its outstanding com¬
permit an equitable
distribution thereof
among
the holders of certificates of beneficial
interest and certificates of contingent interest, and shall distribute
such shares in such manner that the holders of certificates of bene¬
ficial interest shall receive distribution of PGE stock on the basis of its
value as of the original allocation date fixed by the plan, and any
.increased values resulting from benefits recovered in litigation shall
be passed over to the holders of certificates of contingent interest in
the form of PGE stock distributed to them according to their respective
rights and priorities/ provided, however, that-if PEPCo's bondholders
shall have had an unsatisfied
deficiency claim as of the original
allocation date fixed by the plan, no PGE stock shall be distributed in
respect of the certificates of contingent interest unless the amount of
such deficiency claim, with interest thereon at 6% per annum from
the allocation date; Is compensated in full by the'distribution of PGE
stock in respect ", of the, certificates of beneficial interest.
For the
purposes of reclassiyfing and distributing PGE stock as contemplated
by this paragraph C, the Adjustment Trustee shall compute the value
of PGE stock on the basis of (1) its approved value as of the original
allocation date fixed by the plan plus (2) the approved value of any
benefits realized by PGE from the litigation, and shall not take into
consideration any intervening changes in PGE's earning power or other
elements of value.
PGE would undertake, as a party to the Adjust¬
ment Trust agreement, to do all acts within its pcwer to facilitate the
reclassification of.its stock for the purpose of distribution, and would
undertake not to declare or pay any dividends in excess of amounts
credited to .earned surplus after the effective date of the Adjustment
Trust until its stock is available for distribution following the termina¬
C.
;,j-
—
Net operating revenue______:
If,
Adjustment "Trustee thereof and the Adjustment Trustee shall com¬
pute the value of such benefits as of the time they are realized by
PGE,
Such valuation shall be subject to the approval of: this Com¬
mission and the court,
As part of the consideration given by PGE
for
rev.
1
of
during the life of the Adjustment Trust, PGE receives any
benefits as a result of recovery in one or more of the three suits
described above' (whether such benefits be in the nature of receipts
Of assets or':deductions of - PGE's -'liabilitiesj;
PGE shall notify the
B.
June
directors on
The
28
declared
a
;
.
-
dividend of 35 cents per share
stock, no par value,-payable Sept. 1 to holders of
A similar distribution was made on June 1, last,
which compared with 25 cents on March 1.
Payments in 1943 were as
follows:
March 1. June 1 and Sept. 1, 25 cents each, and Dec. d;
the
on
common
record
15.
Aug.
$1.35.—V.
159,
'
2013. *
p.
"
-
Quaker Oats Co.—Underwriters
•
July
Named—
underwriter's for the $10,000,000 20-year 2%%
The
1,
,
•
registered with the SEC June 20, are as follows:
1964,
Harriman
"
.
debentures due
Ripley
&
Co.,
Inc.,
$2,500,000;
Mellon
Securities
Corp.,
Merrill Lynch, Pierce, Fenner & Beane, $1,250,000; Glore,
Forgan & Co., $1,000,000; William Blair & Co., $500,000; Harris, Hall
& Co., Inc., Hornblower & Weeks and Wisconsin Company, $400,000
each; Bacon, Whipple & Co., and Alex. Brown & Sons, $300,000 each;
Estabrook & Co., $250,000; Stein Bros. & Boyce and Whiting, Weeks &
$2,000,000;
.
Stubbs,
Inc.,
McCormick
&
Farwell,
$200,000 each,
Chapman
Co.,
&
$150,000 each
Co.,
and
Kebbon,
.
.
-
wise
class of certificates,»f contingent
amount thereof shall be applied against any senior
due to the holders of the junior
class
•
.
revenue
Operating
finally -held
interest before any
preferred
rata, among
are
preferred
of
classes
cer¬
proposal gives no recognition to their claims.
;
'
More specifically, the plan woul^ provide;
'
(a). After transfer of.the intertjfban lines and PEPCo's shops add
<s£r-houses to Traction, the st'bck/of Traction would 'be distributed
pro
subordinated in rank to one or more
stock.
'
/
A
;
■
Allocations duly approved under the ^mended plan., would be in
final satisfaction of the respective claims of PEPCo's security holders
as
such.
■
,r,
/•":-
bondholders
cer¬
stockholders
stockholders under provisions ensuring a fair
and equitable allocation of values whether or not there-are even¬
tually any recoveries from the pending litigation.
As it appears that
PEPCo's second preferred stock and common stock are not entitled
to receive anything even under the most optimistic assumptions, our
and
Month of May—.;
Operating
.
Philadelphia Rapid Transit Co^—Bonds Called—
i
Potomac Electric Power
.
July
of
•
subject -to his right to
provided in paragraph D above.
It
should
subject
to
v
compensation arid
reimbursement
tentative, and
changes found appropriate in subsequent proceedings.
be understood
any
-
>
-
t
The Adjustment
certificates,
as
1944
certificate.
Trustee shall exercise no power to vote the shares
of PGE held by him except to. the extent necessary to reclassify the
PGE stock into an appropriate number of shares for the, purpose of
distribution as provided in paragraph D above, but shall take appropri¬
ate steps to facilitate the. voting of such shares by the holders of
certificates of beneficial interest. .Dividends received by him in respect
of such stock shall be distributed by him among the holders of such
E.
Earnings for 10 Months Ended April 80
,
that the foregoing outline is
Net
sales
Net
"
'
profit
"■Earnings
per common
699,553
*On
1943
'
7
$
$
120,621,704 122.178,665
——
common
3,605,552
$3.87
share
shares
outstanding.—V.
160,
p.
,
4,689,564
$5.17
51.
Quarterly Income Shares,, Inc.-^ll-Cent Distribution
A
distribution
to
^.ug.
1
cents
paid
of
11
cents
stockholders of
on
May 1, last,
per -share
has
been
declared/ payable
record; July 15. .This, comparer with 8
and 12 cents on Feb. 1, 1944.
Payments
.
last
year were'-as
jHaliway
cents^ .Aug, 2,
* •;. .<•*;:A.
follows','.; Feb, "I, " 13--®-®.his» .May X," ,8
-
P>.1888;','t,
^enfs't1 and ..Noy.^'ly • 8
9
i
the: commercial & FINANCIAL chronicle
Number 4297
Volume 160
"Interest
J
ant
A
discount
atidi
:
.10
'
,•
$6,476,091.
2,969,384
-2,076,067
2,055,825
1,210,202
1,361,259
1,673,512
1,264,488
853,562
46,187,592 " 4i;3i9,785
29,180,5*77
22,261.924
13,378,450
13,954,944
8,248,397-
5,490,065
6,365,888
8,930,378
6,443,429
3,978,422
From Jam 1—# :
transportation
•Rail
*
►
Period End. May 31—'
r
2455.
p.
'
Ry. operating
Ry,'. operating
^
,
»
Federal
Other
Reinsurance Corp. of New. York—7Yk-Cent
Dividend—
r
iv2 cents
'stock, par $2, payable July 14 to holders of record July 7., Payment?
in 1943 we're as follows:' July'.lO.W cents, and Dec. 29, 17l/2 cents.—
V. 159, p. 48.
;
,
'
,v,
..
,'
_
>.
,
•
'
■,
Dividend—
$3,183,211
$2,771,396 $14,115,767 $14,516,021
(ad"
■
86,443
53,^85
1,829,202
57,301
99,962
-J.—i
Income-taxes^-
Federal
taxes—-.
Total ry. oper.
Deducts, from ry.
The directors on. June 27
30 cents per share on
Gross
Deduct,
$5,271,17.7
151,754
399.672
6,961,301
.456,229
$5,422,931
•
,
,,
$6,698,819
146.351
$6,845,170
1,532,353
1.606,446
$2,254,714./.$3,890,577
8,364
153*507
$5,238,724
.- 49,421
——
$883,513
$2,263,078
inc.
254,052
253,738
327,678
income
gross
.334,962-
a
-
$4,044,085
1,265,806
$5,288,145
1,542,310
income
i*
$2,009,340
$629,462
.
$2,778,279
$3,745,835 :
Interest Payments Approved—
-
Federal
Judge Moore at St. Louis June 30 entered an order author¬
izing payment of deferred and current interest accruals totaling $3,Payments are as follows:
906,175 on bonds of the company.
Reynolds Metals Co.—Earnings:
$5,913,533
'
2527.
p.
$859,857
"
,
■
coupon dated July 1, 1937, representing
'
lar
$0.77
$0.67
$0.83
r.
- -
•
Rheem Manufacturing
i,announced the acquisition nf the Atlas Steel
Barrel Division of Bethlehem Steel Co. of Bayonhe, N, J., according to
R.S. Rheem, President.
;
■■■J'
;
This acquisition, the/announcement said, gives Rheem a factory in
-every important steel container market and brings the-total of- Rheem,
plants to ld, located In nine States from the Atlantic to the Pacific,
and from the Great Lakes to the Gulf,
: " •
:
Robert Campbell, President of Atlas- Steel -Barrel Corp.- before, Its
acquisition by Bethlehem and since then manager of the plant, will
The company on July
.
-
,
become
Vice-President of, the Rheem company.
a
of steel containers and a wide variety
of ordnance and aircraft, material?; for- 4he-, Army- -and Navy.. .Rheem
-is
a * large - producer
of basichousehold utility products, includmg
automatic water heaters,, furnace?, • boilers and tanks.—V. 159, p.. 2678.,
In addition to the manufacture
-
'
"'H/--.
;
income
cates.—V;
160,
51.
p.
Period End. April 30—
.
Operating
.
revenues——
..
$568,563
378,904
$537,518
370,459
91,024
$2,285,887
1,492,749
388,004
jof
Net operating
.Net income
—V.
159,
as
.
'>
,
the
like
$11,281,069
$6,309,537
$8.95 .$5.00
share./—
common
—V.
and
;
post-war adjustments.
$2.98
;
Del.—Registers With SEC—
which
district
bonds due 1956.
The proceeds from thebaic of these
used to purchase, the physical assets and inventory of
to-provide company'with its initial, work¬
requirements.
'
securities were
stock
common
being offered Is that purchased
&
and E.
Co.
Rollins & Sons,
H,
Fed.
St. Louis-San Francisco
Period End. May 31—
Total.. oper. revenues—.
Mainten. of way and
r.
«'
-
Fed.
excess
Utility
equipt,
Other
expenses
Net
oper. income—4
income, /——,
ry.
...
Total
—_
Income
from -inc.-*
-
_
Deductions
-
*Bai.
avail,
-
1,823,230
3,248,5X0
547,368
,1,271,067
30,303
In
$1,301,370;
3,820
..
for fixed
469,806
;
1,460,295
7 17,320
$1,477,615
:
..
4,123
,
7,552,195
13*727,630
.9,532,081
131,550
86,422
•..
.
24,556
$9,618,503
24,717,
-
*
p.; 51.,
;
Net
♦Alter deductions
taxes
-
compared
of
$1,365,984
with $323,742
'
last.year.-
■
.
$1,473,492
in. May," .1944,
in month and $3,225,813
■
-
&
•
■
..
profits
,1944—12 Mos —1943
$192,284
76,258
69,759
943,259
19,280
12,792
130,564
127.886
21,749
25,064
Crl,133
246,962
245,740
262,329
234.387
177,302
167,520
143,408
$2,604,726
.$2,525,113
"
•'
20,950
surtax.
i
tax
accruals
committee
has
authorization
to
filed
solicit
filed in the
were
of
Virginia,
-V.
of
the
legal
.
been
set
by
*22,900
1,710
14,032
13,957
$52,623
.
;
$50,095'
,
928,796
166,707
•
$676,790
/
7,768
170
375
$678,190
la- period
,8,245
4,608
-
$42,148
dividends
-m! J.
.
company
announcement
Gain-
June 30
on
further
oil
ori
went
to
say:
sales increased 21%
1943.
.
increase of 31%
24%.
"Sales to the Army, Navy and other governmental demands were of
a large factor in these increases."—V. 159, p. 976.
Kerosene
.
sales
increased
course
61
for -the Eastern
(Broadway Exchange Corp.),
Broadway Building:
N. Y. City—Trustee for New Issue—
Judge. W, Calvin. Chesnut for
The Clinton Trust Co. has been appointed trustee for the new 30year mortgage income bonds in the amount of $3,961,000.—V. 147,
P. 431.
,
•
...
'. ■
,•
,
:
■■ ■
•
.
,.
(a)
American
South
Gold
1943
sale
from
metalS'
under
Section
.7^
of
the
Bankruptcy
Act,
or
:
Calendar Years
1942
1941
1940
$2,419,848
A—$2,224,610
$2,952,677
$2,215,382
1,350,347
1,485,525
\1,493,761
1,088,240
Oper. prof* on metals
$874,271
$934,323
$1,127,142
33.497
$1,160,638
Other
46,097
41,726
$1,458,916
30,765
$920*369
$976,050
179,438
$1,489,681
225,539
Income
income
181,334;
Expenses
Inc. taxes, exchange
ad¬
justments, etc.
Deprec. St amortization
Depletion
Minority interest
tColombian
-
'■
.
.
mitted
a
December
summary
31,
228,509
252,899 *
196,987
224,763
279,234
.275,550
79,494
Cr4,312
7,149
37,033
49,909
88,606
71,291
—
84,288
19,245
'
estimated
expenses
$179,000.
from
The
"Net profit
$233,037
41,547
$257,610,
$610,808
A 352,000!
Surplus
Earns,
per
*Loss..
.
352,000
362,000-
Dividends
com.
share-
*$128,963
$0.13
*$94,390
$0.14
,
$90,000,. representing, miscellaneous expenses of
including compensation and expenses of solicitlng. advertisipg, -print¬
ing, etc. Estimated payments for services and expenses of jthe Chemical
7
$258,808
$0.35
$427,603
352.000
$75,603
$0.28
ton special remittance of funds to United States.
;
Earnings for Quarter Ended March 31
1944
income
taxes
U. S. income taxes
.
..
*After. deducting
1942
$89,478
$146,725
,18,153 A, 52,266
25,54617,743
<estimated)
Net profit
1943
$146,106
37,080
„
,
—
Colombian income taxes (estimated),
$.102,407.
-.
$19,469 '
21.828
$87,817
expenses and providing for depreciation and
(earnings are based upon sales and not on pro¬
all
estimated .depletion
duction).
Consolidated Balance Sheet, Dec. 31,
June
15,1944,- to
largest Item was
soliciting deposits,
152,073
'
•Income before U. S. and Colombian
of
132.518
'if':
exchange
control -taxes
any
1944, -amounting. to
.
214,584
other
proceedings under 77, the agreement pro•vidfes that the committee shall hove full power to take, all necessary
steps before the courts and the ICC.
The form of assent to be used by non-depositors states that it is
agreed that the- assent will be-as effective as an acceptance of the
plan in any proceedings under 77. as fully, as if It had .been executed
after institution of the proceedings and after the submission therein
,of a plan to the-security holders for their acceptance or rejection. 1
With the-petition seeking approval-of expenses the committee sub¬
►
Subs.)—
of
.
Seaboard
(&
Cost of metals sold, etc.
of deposit to be issued under the deposit agreement for
outstanding securities are "fair an dequitable."
Attached to the court petition was a copy of the deposit agreement
dated as of July 1, 1944, under which it is proposed to solicit the
old securities as well as copies of the certificate of
deposit and a
use of non-depositors.
The-agreement provides that, if securities deposited should, in the
opinion of the committee, not be sufficient to declare the plan oper¬
ative, or if the plan shall have been declared operative, to warrant
an effort to effectuate the plan in the
equity receivership proceedings,
or
if. for any other
reason
the
committee
shall, determine
that
effectuation
of
the
plan is not practicable, then the committee
may file on behalf of the depositors, petitions for reorganization of
Platinum Co.
Consolidated Income Account for
Proceeds
certificates
form-of assent for
&
Annual Report—
to
applicable law.
In connection with
^
:
the first five months
over
.'A'—
'.'Light fuel oil sales Increased from 307,000,000 gallons in. 1943 to
nearly 446,000,000 this year,-or 45%,
Heavy fuel oil sales showed an
approval of the solicitation, an order* is sought from
court authorizing. the committee to * act' for holders of deposited
assenting securities pursuant to'the deposit agreement and deter¬
mining that the terms and conditions of the issue and exchange of
the
103,144
r
$579,517 \ .-$579,654
210,000
.210,000
268.922
303,476
dividends
"Sinclair motor
or
,
105,041
*
159, p. 2678.
Total
addition
$682,798
$684,558
8,117
$44,752
-V.
The
petition in the U. S.
deposits or assents to the
Section 201
$50,265"
reported that its gasoline sales for- the
first five months showed an increase of, nearly 43% over. the same
period last year.
Sales for the first five months' period of this year
were
837,026,779 gallons," compared with 586,019,608 gallons in the
corresponding period of last year.
Casinghead gasoline, not included
in the. above figures* showed an increase of 19^ in this'period.
: '
a
securities under
;
income
;
$52:998
.
Sinclair Refining: Co.—Sales
reorganization committee in setting in motion the
preliminaries ±0 the solicitation of deposits before
new
;
The
Approval Asked—
District Court
United States
have
income
Preferred
?
.
$6,807,585 $9,593,786
and $5,223,491 In
period Janl 1, to May 31, T944, for estimated income arid excess prbfitjs
Charges
———$1,297,551
2,349,782
6,700,592
$6,832,142
960
', i1
a
1944—Month—1943
,
Income deductions
the
.
4,833,733
15,832,271
2,653,607
1,280
/
.
$207,753
oper.
Gross
,
securities.
;
6,665,329
'
444
$1,367
-
V,
income, Other Income (net)/,—....
attempt has been made by the committee to, secure deposits until the
• has
also acted on the new capitalization.
Commission
approval of the new securities, under the equity receivership, relates
.only to the form and does not involve the passing on the alloca¬
tions made to various classes of securities under the plan.
Action
by the commission on the application is expected soon.
Authority is asked for the Seaboard Railway Co., the new company
organized to carry, out the reorganization plan,
to; acquire
the
properties of the old company as well as authority to issue the new
,
8,846,650
1,173,99$
1,542,420
2,835.843
1,416,987
of
Transportation exps——
Other
.Ry.—Earnings of System—.
717
i
'
commission
! 1944—Month—1943
1944-)—5Mos.—1943
$10,270,175 $8,272,971 $48,536,992 $43,552,186
structures
Maintenance
„
558
1,247
si,345
___
normal
was taken Sis;an indication of the desire, of the. committee to push
the reorganization proceedings with as little delay as possible.
While the ICC has already approved the deposit
solicitation no
Hemphill, Noyes
,
for
the ICC approves the form of the
Inc., 30,000 shares each, and-Stein
'
;
,
Court
Action
by the. under¬
the company on "July 1, 1944, the met proceeds from the
sale at that time were received by the company.
Proceeds from .offer¬
XBros. & Boyce 10,000 Shares.
reorganization
necessary
writers from
ing will be received by the underwriters.
.
Underwriters are W. E. Hutton & Co., 80,000 shares;
723'
J—-445
~
taxes
Common
.
July 20 in Baltimore.
first mortgage
capital
-
1,454
1—
158, p. 2196.
General
reorganization, plan.
Another petition was filed for approval of the committeee's expenses
in connection with the
reorganization.
Hearings on both petitions,
•the California company and-
The
,
3.738
Sierra Pacific Power Co.—Earnings-
;
;
($3.33 Va par value) now outstanding*
The earnings
period of 1943, calculated on 1,890,000 shares, are equal
Seaboard Air Line Ry.—Deposit
.
ing
•
—
taxes
Period End; May 31—
Appropriations Act will hsye,rio rnateriai qffecfc.pn fhe yappings
The
on
company
1943
$8,071
4,229
w-'..-i860
accruals
$3,762,740
reported after provision for taxes and reserves.—V.-160,
District
$360,189
251,109
'7 V A A'•
'
•
————
Dividend appropriations
of
June 29 filed a registration statement with the
SEC for 159,000 shares of common stock (par $10).
The shares have
been issued'and are being offered by the underwriters.
v.
Rotary Electric Steel Co. was incorporated in Delaware on June 23,
1944, to acquire the business, physical assets and inventories and
properties' of the Rotary Eleptric Steel Co., a California corporation.,
On July 1, 1944, according to the registration statement, the company
purchased from the California corporation, all'the physical properties
kof the latter for $650,000, plus Inventories priced at cost or. market,
•whichever was lower.
Pending a physical check, the value of, the in¬
ventories was taken at $1,800,000.
-j
;
Contemporaneously or just prior to this transaction the company sold
to the underwriters' 150,000. shares of. common stock at $11,375 a
share, and sold to the New York Trust Co, $800,000 3% five year notes,
and sold to Mutual Life Insurance Co. of New York, $500,000 4%
•
$4,436,829
674,089
637,615
stock
common
fense
$405,134
297,675
$76,035
48,288
income
$92,751
—i-——65,667v
2310.
p.
Rotary Electric Steel Co.,
The
;
$6,954,738
645,201
requirements-—
surplus
contingencies
for
$2,159,593
1,435,689
363,715
96,908
/
Net income
;
2,609
•>'
:
• 1942
$8,858,763
*4,421,934
outstanding.
The earnings for the.nine months' period ended May 31,
1944, are therefore equivalent to $5,9.6 a share on the 1,890,000 shares
1944—Month—1943
1944—4 Mos.—1943
$568*915
$538,179 $2,287,268 $2,162,202
^
1944
$9,057
:
—
Maintenance
The management believes '.that the results of renegotiation of any
earnings subject to the renegotiation provisionsj of the, Natiopal De¬
Operating expenses—
Operating taxes——
*
118,177,000
—iC— $11,918,684
-
to $3.33 a share.
Operating, revenues—/
revenues
.Maintenance'
May 31, the number of common shares outstanding has been
increased, on the basis of 3 shares, of common stock ($3.33'/a par
vaiue) for each 2 shares of'common stock ($5 par value) formerly
of their certifi-
1,381
Operating
Since
will
661
Co.—Earnings—
Operation
$2f250,000
for
352
Uncollectible oper*. rev.-
-
but
Sharon (Conn.) Water
.Operating revenues —1
Operation til
• After provision for interest, depreciation, etc.
tAfter provision of
$886,000 for contingencms.
flncluding Federal excess profits taxes.
§On 1,260,000 shares of common stock.
HAfter provision of
Corp^—Earnings—
Rochester Telephone
;;
-
.:
v
,,
,,
-
dividend
Balance
St.,
receive full pay*
time upon presentation and surrender
jment at" any
•
the
12 Months Ended March 31—
:.
Retire.-reserve
corporation has called for redemption as of Sept.' 1, 1944, at
165 and dividends 40,000 shares (out of a total of 160,000 shares out¬
Holders Of the called shares may
construction had been held up by
that the research, hospital, and
being given
preference,
and
would
probably be ready for occupancy by August.
The general offices are
expected to be ready in early fall.
Barberton city
officials are cooperating in1 the improvement of
facilities for handling traffic at the plant, for years a bottleneck,
and are widening and regradlng .roads in the vicinity, Mr.
Seiberling
said.
Parking grounds, which have been at a premium, are being
provided for in the plan by the company.—V. 159, p. 1485.
Federal Income
Schenley Distillers Corp. (& Subs.)—Earnings—•
Federal income taxes^—A-^—137,815,000
The
Rochester; N. Y.
that
said
•General, taxes1;
Retirement reserve
;. 9 Months Ended May 31— ;
1944
1943
♦Consoi. net profit bef."taxes--——1I$49,733,684t$25,13i;738
V::-
standing rOf its series D 6% cumulative preferred stock; Payment
be made at the Lincoln-Alliance Bank & Trust Co., 183 East Main
Seiberling
—
§ Earnings per
Electric Corp.—Stock Called— :
Rochester Gas &
'*'
,
Mr.
delays in obtaining materials,
factory office
facilities
were
*
dividend preferred stock at $27.50 per
share and dividends,
Payment will be made „at the Lincoln-Alliance
iBank. & Trust Co.j 183 Main St., East, Rochester, N. Y.—V. 159.
2678;
- K.
■
See Chicago Corp., above—V. 158, p. 1076.
shares of-its outstanding $1.50
p.
''v;
.
,
-
Salt Dome Oil Corp.—To Sell Menefee Gas Leases-
:
•Preferred
Rochester Button Co.—Calls Preferred Stocks
The company has called for redemption ,as of Sept. l. next, all of the
2678.
"There have been called for redemption as of Aug. 4, next, $115,000
of: first mortgage sinking fund bonds, 4 »/a c!o series due 1979, :at 103
;and interest.
Payment will be made., at the»New) York Trust Co;,
trustee, 100 Broadway, New York, N. Y.—V. 159, p. 976.
Net
;
p.
more
;
;
-
,
159,
remainder due on that particu¬
court order $15 already has been paid.
Safe Harbor Water Power Corp.—Bonds Called—
v
Co.—Further Expansion—
Undei' previous
coupon.
—V.
V,'A
:•
,
the
On
872,150
$756,621
$919,296
Earnings, per common share—.
159,
2,758~200
;
two
coupons
:
1,011,161
2,438,100
Net; profit.
—V.
"
certificates,
income bond
mortgage gold
second
equivalent to $20 each due Jan. 1 and July 1, 1944.
r
5%. first terminal and unifying mortgage bonds, seven cou¬
pons equivalent to $25 each due Jan. 1 and July 1,
1941, Jan. 1
and July 1, 1942, Jan. 1 and July 1, 1943, and Jan. 1, 1944.
On 5% general and refunding mortgage bonds, 2.4 coupons equiva¬
lent to $25 each on coupons dated Jan. 1 and July 1, 1938, and $10 on
$1,672,007
1,123,835
1,432,302
Special amort, of war. facilities—.—
Provision for price reduction, etc.-/.
Fed. income & excess .profits taxes
-'
1942
the 4%
On
t
1943
$4,525,982
1944'
—
.———-
—„
;
comprehensive program of construction; that will provide a total
than 35,COO square- feet, of additional tire production space,
and make available enlarged and improved facilities for
factory and
general offices
and' research •. laboratories,
is under
way
at
the
company's Barber ton, Ohio, plant, and is scheduled for completion
late
this
year,
According to an announcement recently made by
J. P.-Seiberling/president.
Proposed by - the
company
early last
year
In answer to the
Rubber Director's call for increased tire output, the expansion was
approved by Seiberling stockholders" in November; arid' construction
Of additional factory space was immediately begun.
Additional equipment for the processing of synthetic rubber, and
new
tire and
tube machinery,
has been installed and is now in
operation in a tworstory factory addition, the announcement said.
A three/story reinforced concrete building, now under construction,
will house the
company's factory and general offices,' employment
office, hospital, research laboratories and tire testing facilities, and
will release for production
spd^ storage all space now being occupied
by the Seiberling offices, at present housed in a converted factory
building in the heart of the plant allotment.
•
^
Net
:
*
A
,
$850,138
33,375
..
.
Quarter Ended March 31—
.
Seiberlliiff Rubber Co., Akron, 0.—^Construction Pro¬
of
•;
.
oper.
oper..
from
28,829
$2,560,848
i
29,275
$1,177,8l6
inc.^
-
427,265
7,775,498
641,827
$2,589,676
$1,148,541
:
income.
.
'*
119,026
income
Non-operating income^-
to holders of record Sept. 12.
Profit
competitive
.The -proceeds would -be; used to pay -about '75%- of the cost
5*500-horsepower Diesel freight ilocomotlves. and 400 freight
cars at an estimated-cost of $3,713,220:
The balance of the cost would
be paid from current/funds.—V. 159,
p, 51;
five
gram—
2,968,129
from ry. op.*
Net, .ry.
declared the quarterly'interim cash dividend
the common stock, par $1;: payable Oct. 1
In each of the three preceding quarters,
a
similar payment 'was made, as against 25 cents quarterly ^during
1943.
In addition, the company on June 1, last, paid a 5%
dividend
in common stock.
"
*
The usual quarterly cash dividend of $1.12V2
per share on the
$4.50 preferred stock was also declared, payable Oct. 1 to holders
Of record July 12.—V. 159, p. 2677.
of
i-
hidding.
of
1944—5 Mos —1943
.
expenses
Ry. oper, Incomes.
.
Remington Rand, Inc.—30-Cent Cash
at
;
f.
.
$5,194,947 $27,825,962 $25,662,883
2,423,551
13,710,196
11,146,862
.
share has been declared on the common
per
Ry*—Earnings—
1944—Month—1943
$6,151,340
Other ry. open income
'
A dividend of
exchange , agent/were-put
issiie—
Trust
The .receivers: asked the Interstate Commerce Commission June 29
lor authority to ^create an -equipment trust of
$4,500,OOQ. of -which cer.tificates: for $2,760,0001 would be Issued artd/sold' now at;
•
revenues
accruals
tax
valorem)
pf operations and maintenance.—V, 160, p. 51.,
charge
Net rev.
Ry.
President in
as Vice-
Gill, it is announced, has, resigned
Charles A.
.
in Personnel—
Co.—Another. Change
Reading
•
and
\
Equipment
..
St. Louis Southwestern
*•
$11,785,097 $13,440,835 $46,757,846 $45,804,509
*
Payments ta rail and Other -carriers—express privileges.—V. 159,
—'
revenues
.
depositary
as
115,006
234,125
*
'
Co,
Plans New
$4,845,139
,'
oper. income—
159, p.' ^456.
—V.
Trust
&
$68,580.-
1941
•
$*1,874,966
Net ly.
392,077,
-408,421,.
.98,019
92,869
-
-1942
$9,770,794
;
•
-■
debt_~•
102,105
deductions—8,098
funded,
on
Other
«
Net from railway—.
1944r:--Month--i943 . 1944^-4 Mos.—tg^ ,
Revenues and. income/ $31,738,115 $30,060,856$ 125,727,7828107,975,328
v,
i
/
:
I\AI\
IA
7** AQl IV71
Operating expenses—_i
18,033,040 15,389,-238- 72,491,071 57,'677;553
4,836,319
3,?86,183
'Express" taxes———-—
1,209,775
1,039,895
.
i'
-
1943
Gross from !rftilway,_^
Express Agency, Inc. (& Subs.)---Earnings-r
.
-
May—'
"
.Gross from .railway—
Net from railway.——
Neb ry. oper, income-..
"
Period End, ApVil 30—.
Bank
Earnings of Company Only—
1944
:
'
123
1943
Assets—Cash,. $2,100,378! U. - S.» Treasury certificates and notes.
$501,301; marketable. Colombian securities, $13*696.; tax; surcharge to
.be;refunded in
accounts
and
1944
note
in
Colombiari EconomiC'Defense Bonds, $38,151:
(.rtep:;.jpsfter reserve - of $5,079), $32,847;
receivable
THE COMMERCIAL & FINANCIAL CHRONICLE
124
surplus',
earned
$6,336,129.—-V.,
total,
$2,897,861;
1598.
'
1942
1943
—
$71,664,093 $30!313,023
1,205,983
1,176,196
Operating income
income
Other
Total
income
Provision, for
159,
1,793,623
for
of
war
Gross
'
Profit
Other
The
will hold a hearing July
SEC
59,700,000
$293,058
$239,555
$107,136
122,254
109,314
$170,804
$130,242
15,444
22,324
A———
$186,248
$152,566
$16,839
I
132,301
90,971
4,190
year——
$53,947
$61,595
$12,649
preference stock-
from
proposal to reduce the
10 on the
15,469
40,059
8,277
operations
Income
credits-—
presently outstanding 400,000 shares
to $3,335,644 without reducing
the. amount of the reduction
account to be designated "special capital sur-
'After deducting
167,000 in 1942,.
<no par) common stock from $5,500,000
the
number
of shares, and
to credit
($2,164,356.)
jolus.H
to
new
a
*
,
been
quiring Southern Indiana, among other things, to transfer ,to Account
107, Utility Plant Adjustments, the sum of $2,164,356, which is in¬
cluded in the aggregate amount of $3,459,757 now classified on the
result
.
charges
-
——
be
instituted »but
if
\
(j»
ry,
Net
35,126,815
exps._—,
oper.
operations
ry.
Other
^
•
(£
A <
51,303,860 259,130,505 237,513,955
28,310,427 171,393,018 135,733,285
22.993,433
13,787,267
14,207,548
* 2,034,971
9,268,726
4,732,896
6,750,913
23,373,666
Condensed
Assets—Cash,
Total
with
and
U.
—"
( 70,072,036
3,769,204
2,444,960
27,142,871
42,526,438
15,621
54,693
254,641
274,806
5,686,364
2,066,939
1,310
7,617,764
26,888,230
2,274,004
2,847
10,386,380
42,251,632
11,484,783
6,550
14,230
deducts
charges-
of
inc.
Trans.
♦Net
Accrued^ rent
Operating
4,079,849
General
112,261,685
Fed.
for
tiation of.
,
Notes
3,106,027
——8,011,192
assets—
3,152,948
9,925,470
332,463
7,830,883
(net)
1
—
$6,198,825
3,634,241
2,956,126
29,967.
446,463
370,129
46,525
.
41,970
554,300
538,991
83,177
772,170
income-,
on
81,100
accruals
35,833
35,833
"430,000
$105,336.
$89,455
$1,205,036
365.
183
2,953
reserve
Utility, oper. income.
Other, income (net),—,,
18,867,096
15,011,604
Gross income
215,662,616
5,508,866
:
—
800.360
1,346,120
3,242,262
-
702,682
'
430.000
$1,200,897
.
Net
194,426
889,610
976,559
income—
6,335,699
4,112,366
18,741,031
34,971,440
and renego-
75,000,000
^
dividends
Net
ly.
.14,583
70.000
956,424
956,417
-
:
.
3,465,890
Gross
2,015,565
Net
$366,648
82,949
106,075
19,916
63,987
2,142,659
1,829,524
566,131
210,453
from
4,334,246
Net
ry.
18,236,392
—V.
from
advances
S.
XT.
■1
■
.
railway—
railway—-^
income—_
oper,
159, p. 2346.
$368,441
$244,904
100,574
74,806
49,162
41,923
1,580,272
376,826
1,162,329
521,774
286,072
185,869
175,420
"
•'.\
■
from
Tennessee
•
Gov?
Ry.—Earnings$394,537
From Jan. 1—
276,373,938 215,662,616
deducting applicable portion of
ernment of $19,830,366.—V, .159, p. 1486.
$1,192,264
income—
oper.
2,015,565
,
'After
14,428
$1,175,359
railway
railway———
from
,7,250,000
—
surplus
—
32,631
$88,736
——_u—
from
Net
34,352,041
96,262,501
1,947,951
—„
-j—
902
.v-
•
Tennessee Central
Gross
22,811,387
par)—,
3,076
5,794
$1,206,691
$1,207,990
—,
paid
159, p. 2679.
2,219,740
42,816,354
——
guarantee of products.
adjustments
($1
■
$89,638,
$102,625.
—.
,
30,672,065
Total
P. RR. Co. of Mexicc?.
(Representing interest on
certain bonds of solely controlled affiliated companies not credited to
V.
—
dividends
Common
69,160,876
—
Government
S.
postwar
Earned- surplus
S.
income
4,334,246
U.
service and
$105,701
Income deducts, interest
5,844,066
...
banks
_i—
.
9,700,000
adjustments:,-
wage
Income taxes
contracts——:
to
.
stock
Capital
liabilities,,™.
taxes,^
war
for
Common
other
retroactive
from
"Reserve
30,752,619
5,340,912 ' 16,495,301
3,618,065
trolled affil. cos.™- ".. 314,379
'tConsol. adjustment™
Crl79,922
net
$7,042,211
269,457
42,086
:
taxes.
1944—12 Mos.—1943
$549,858-
300,235
——
-r
1
276,373,938
—
—
Federal
payable
for
solely con-.
'Excluding
—
taxes
Retire,
1944—Month—1943
$611,116
revenues
Preferred
for
Reserve
'J
Consol.
taxes
.1,573,882
20,210,100
and
Provision -for
Pac,
System :—
of
inc.
So.
payable,
income
$105,200;
Maintenance
1,376,963
payable
Advances
Net
Treasury note—tax series
reserve,
Tampa Electric Co. —Earnings—
—'3,090,430
—i-
Provision
charges—
conting.
State
accrued,
Operation
agencies
——i—
■
Accounts
fixed
charges
Total
1944
80,
of indebtedness—at
(less
Period End. May 31—
41,926,581-
—
Total
921,543
fixed
S.
U,
Sheet, April
including accrued wages, $132,146;
accrued, $34,700; Federal excess prof¬
other taxes accrued, $6,715; cumulative
convertible preference stock (7,012 no par shares),
$35,060; common
stock (65,617 no par shares), $65,617; capital
surplus, $122,833; earned
surplus, $99,539; total, $601,811.—V. 158, p. 586,
and
tax
33,971,027
5,007,500
1,705,473
Goverment
S,
equipment
Provision
Total
$322,145;
Treasury certificates
Liabilities—Accounts
its
325,184
charges
."Patents
7,672,457
for
Balance
40,081,478
969,089
avail,
Inc.
S.
Federal
by management to be recov-
terminated contracts—.
on
Deferred
.5,701,935
misc.
13,279
$65,923; prepaid insurance premiums, $1,839; total, $601,811.
Liabilities—
Total
$3,560
.
C, $10,000;
cost; $40,000; accounts
$9,226), $7,073; miscellaneous ac¬
counts
receivable,
$844;
inventories,
$134,127;
post-war refund
of
Federal excess profits tax, $10,520; cash value of life insurance
policy,
$9,339; property (at cost, less reserves for depreciation, $653,712),
U.
Expenditures for facilities acquired under con¬
Plant
divs.—
incl.
22,483,696
—_—
receivable
Prepaid expenses, etc
investments and other
income——
inc.
•
————
9,465,081
income-
oper.
'
1942
shipments, covered by letters of Intent
12,345,344
Inventories
———111,795,061
55,095,094
1,874,261
1943
Product
87,737,486 101,780,669
52,234,110
20,394,424
.
Dec. 81
-:>■■■
■
.••
obligations————
securities
estimated
erable
facility
& joint
rents (net)
Equip.
Net
Amount
ry.
—:——
Ry. tax accruals—
■
Sheet at
37,662,861
Government
Marketable
tracts
from
rev.
55,521,239
revs,—_
oper.
•
•
•■•
103,577
w
,
$
1944—5 Mos.—1943
.1944—Month-r-1943—
31-
•
,
——:
Accounts
Period End. May
•
Balance
■
tem—
ry.
>'■
Consolidated
U.' S.
Total
1943.
Assets-
of Transportation Sys¬
Southern Pacific Co.—Earnings
the
the
of changed
believes it to be fair and reasonable in view
Cash
Total
proceedings for the year 1943 have not as yet
provision made in the. accounts is considered
the
,
conditions in
52.
:
$2,-
and
1943
computed on the basis of the amount of profit allowed as
of renegotiation proceedings concluded Jor the year 1942,
management
100.5, Utility Plant Acquisition Adjust¬
transferred by a charge to the
"Special Capital Surplus account to be created as aforesaid,—V. 160,
p.
$5,016,500 in
of
conv.
on
3,023,348
$2.87
3,023,348
$3.77
receivable—customers
dispose of the amount so
and to
;
.
refunds
post-war
Divs,
$7,598,343 ; $5,777,962
—
adequate by the management to cover possible liability under the
Renegotiation Act.
While such provision is not as much at it would
Account
in
books
company's
ments
—
Note—Renegotiation
1
■'
proposed Is. for the stated purpose of enabling
Southern Indiana to comply with the terms and provisions of an order
of the Public Service Commission of Indiana, dated May 10, 1944, re¬
transaction
The
-:
-
income
Gross
income
—1-
—
share,
per
-
expenses-
,
2,167,000
1__
——
Earnings
capital with respect to its
stated
„.
Dividends
2,042,209
sales—L
adm.
23,242,000
3,778,110
——..
postwar adjustments-.
/V Net income
$986,931
i
879,795
Net,income for the
Co.—Hearing July 10
Southern Indiana Gas & Electric
*
1942
$1,923,096
1,683,541
&
gen,
1943
1944
$2,335,267
-
profit from
Selling,
302,258
and
taxes on income
contracts—
Federal
renegotiation
Provision
.
(—
———:
-
: •'
—
■Cost of goods sold-
$72,870,076 $31,489,220
deductions.
Other
*
:
Years Ended April 30—
Net
sales,
briqqets——
,
$93,548,506 $45,557,136
and amortization—
—- —T
3,077,221
2,822,934
General, administrative and service——1—13,90^,926 •
8,937,957
Research and development
—_—„
.4,902,266
3,483,222
from operations——
profit
Depreciation
Gross
accounts payable,
consolidated
Companies)
Wholly Owned Domestic Subsidiary
(Including
$256,804; wages held for employees, et«.,
$85,352; reserves for contingencies, includ¬
ing statutory reserves of Colombian companies, $533,580; reserve for
foreign exchange fluctuations, $33,784;
minority interest in capital
.stock and surplus of subsidiary companies, book value, $676,963; capi¬
tal stock ($1 par),
$1,810,000; consolidated capital surplus, $7,352,
p.
Stott Briquet Co., Inc.—Earnings-
,
'
Liabilities—Accrued taxes,
$34,433;
Calendar Years
Consolidated Statement of Income for
^inventory of bullion, $128,562; Inventory .-of materials jtnd supplies (less
reserves of
$8,864), $539,181; sundry advances (net after reserve of
$14,964), $28,174; investment in Colombian Government bonds required
toy law, $42,365; mining property, rights, claims, etc., less depletion
and
amortization, $940,678; dredges, hydro-electric plant, buildings,
.equipment, etc., cost (less depreciation and amortization of $3,266,814),
$1,566,993; deferred charges and other assets, $403,802; total, $6,336,129,
Monday, July 10, X 944
•
327,995
"•
Gas
Transmission
&
Chicago Corp. above—V. 159,
p.
Co.- -Contract—See
1486.
income by S. P. Co.—V. 160, p. 52.
Texas Electric Service Co.—Earnings
Standard Coated Products Corp.—Annual StatementSouthwestern Bell Telephone Co.—Earnings—
statement of Profit and Loss and Earned
Period End. May 31—
Surplus for the Three Years
'
Period End. May
>
1944^-5 Mos.—1943
31—1944—Month—1943
$55,877,256
120,432
157,455
revenues— $12,488,293 $11,400,828 $61,087,759
Operating,
"Uncollectible
31,449
20,556
rev-
oper.
;
Years Ended Dec. 31—
,
Total
•Cost
Operating revenues.:- $12,467,737 $11,369,388 $60,967,327 $55,719,801
expenses
7,643,610
7,081,562
37,612,103 33,646,673
Operating taxes
3,226,840
2,659,548
15,426,398
13,821,908
Selling,
.
$6,127,833
5,065,638
admin,
operating inoome
—'
income
—V.
159,
$1,628,278
539,282
general exp.„—
976,731
12,503
$7,928,826
6,396,430
6,580,825
Operating
$72,961
Other income
2456.
p.
Superior Steel Corp.—Obituary-
Total
.
61,092
„;
$129,831
65,601
$134,053
•
852
Interest
Net
the
V.
R.
of 61.
age
159,
President,
Frost,
died
on
June
in Pittsburgh, Pa., at
company since 1927.—
29
3,429
,
had been President of the
He
2457,
p.
assets
,f"
"
'
Provision
>
for
Federal
for
State
4,180
tax_
48,000
46,000
75,000
646
2,957
4,200
I—
$54,476
$49,537
78,292
$357,268
435,560
*
complaint of the Federal Trade Commission, this cor¬
poration stated it had voluntarily discontinued certain advertisements
tor its product,. Fieischmann's Compressed Yeast, which the FTC has
charged to be "misrepresenting," FTC reported on July 3.
The
corporation - asserted,
however,
that
its product contained
various
vitamins
necessary
for good, health,
and that it was an
."inexpensive way" of obtaining the vitamin B complex.—V. 159, p. 2015..
Answering
a
Sperry Corp.—Annual Report—
.
Divs,
Earned
i*ation
and
Statement of
.
Balance
based
year.
"These
^recently
developed."
as
a
result, the value
its
operating
^125,000,000 with
toy Bankers Trust
1946
the
and
of shipments, and gross profits in
subsidiaries
a
group
Co.
provides
termination
of
for
of
Balance at
.
arranged
the
excess
1,
1943
the
York.
New
indebtedness
reserve
was
contracts.
credit
This
all
war
maximum
The
until Dec.
runs
of
52,368
31,322
cost),
——
"•
■
for
of
$756,397),
$3,600,575
subsidiaries
under
the credit in
1943
was
$75,000A000 and at the
.present ti.me is $59,000,000.
The corporation acquired all of the capital stock of the Wheeler
Insulated Wire Co. of Bridgeport,. Conn., during 1943.
The Wheeler
..company
is engaged in the production of wire transformers and
accounts
$2,031,055;
fluorescent
toeen
valves
increased
demand for
"The Sperry
products
and
and
"it
since
is
Sperry's
believed
acquisition
there
that
this company's products after
for
the
certificates of
(trade)
(less
of $45,533), $889,781;
mining ..rights
companies are making about
war
purposes,
of
which
its
will
Liabilities—Accounts
payable
(trade),
$445,588;. accrued
taxes,
accrued payrolls, $27,817; accrued commissions, $6,319; other
$31,611; reserve for Federal income taxes, $69,454;
preferred stock issued or subject to issuance under the modified plan
of reorganization of The Standard Textile Products Co,, 149,622 shares,
at $5 par value, $748,110; common stock (par value 10 cents per share)
issued or subject to issuance under the modified plan of reorganization
of The Standard Textile Products Co., 181,017 shares, at par value,
$18,102;
capital, surplus, ,$3,548,207; . earned surplus, $25,720; total
$27,770;
production has
a
continuing
be
160 different
approximately
categories'.of
two-thirds
have
toeen. developed
in
the past ten years,"
Mr. Morgan said.
These
products include gun controls, computers, -bombsights, aircraft turrets,
aights for guns and planes, automatic pilots for planes, transformers,
antiaircraft
aiiatie
gun
directors,
.vital
antiaircraft
and
naval
searchlights,
auto1-
gyrocompasses, fire control for ships,
radar, electronic equipment, and a number of other
products.
The
.
President also said that the manufacturing subsidiaries
development 50 new products, all of them in vital
The success of Sperry turrets and computing sights in
improving the accuracy of bom.ber gun fire has led tp hew develop'-
now
Sperry
have
under
-categories.
Anents
in this field,
all of which
are
now
in production.
the Speiry
He mentioned
instrument landing system, developed for-military purposes,
and said this should prove of great value in improving the safety and
reliability of airplane travel regardless of weather conditions and
cuould
be of
great importance in commercial aviation.
~
-
-T
'
'
.
.
1944
1943
.1942
1941
$235,850
$102,659
$167,851
$132,U27
138,131
6,600
81,361
56,277
30,286
/
>
92,028
♦16,762
71,520
$857,267
$744,928
$537,362
railway
499,675
405,125
313,646
184,449
334,380
239,424
242,102
119,822
from
.
•.'■'
'■
-
■
•
railway___.
Texas Power & Light
taxes
Prop.ret.
Net
2,636,267
1,268,280
67,568
764,626
804,611
100,000
1,200,000
1,200,000
276
—
552
$365,009'
$404,915
5,004"
6,618
$4,911,618
$4,702,856
:
9,430
1,284
90,207
22,451
$374,439
(net)_.._
income
$406,199
$5,001,825
$4,725,307
•
194,491
Divs.
159,
2,312,354
2,310,820
$218,349
$2,689,471
$2,414,487
865,050
865,050
stocks for period
anplic. to pfd.
—V.
187,850
$179,948
charges
income U
Net
117,482
65,937
-
income
Interest
:
5,290,657
100,000
approp.
revenues—
oper.
Gross
6,200,815
226,611
—
investments
*"<
•
430,918
limited-term
of
Amort,
1944—12 Mos.—1943
$1,121,435 $15,718,330 $13,273,022
623,003
—
res.
Co.—Earnings-
1944—Month—1943
$1,380,836
expenses
taxes
Other
2458.
p.
Title Guarantee & Trust Co., N. Y.—Pays Loan—
The company announced on June 30
of
Reconstruction
its
Finance
Corp.
that It has completed liquidation
loan with a final payment of
When first made some years ago the loan
amounted to close to $11,000,000,
At March 31, the loan was reported
at $1,406,398.
It carried an interest rate of 3V2 r/o.—V. 159, p. 2679.
under $1,400,000.
slightly
Merger
Terms—See
Toledo Peoria & Western RR.-—■ Earnings—
1944
1943
1942
1941
railway—_
$440,602
$452,236
$260,055
$230,971
railway—i.—;
259,901
265,719
135,099
95,165
income—
206,375
235,584
101,037
40,623
2,243,483
1,972,535
881,130
1,101,779
1,317,646
1,152,028
212,235
445,99(5
1,045,162
1,000,850
81,511
173,136
"Mayfrom
Gross
-Net-from
Net
ry.
oper.
Interchemical
Corp.
above—V.
from
Gross
Net
fn)m
Net
ry.
—V.
.
•
From Jan. 1—
159, p. 2679.
steering devices for ships,
ammunition hoists,
375,676
375,678
liabilities,
liabilities, $4,948,698.-
;
i-
"y-.
(less
.
war."
1,962.060
$1,976,302
$996,648
from
Other
receivable
clay
1,851,854
$1,673,006
•
Period End. May 31-
at
cash discounts
,151,643
$143,656
Ry .—Earnings—
income-^-
ry. .oper.
Federal
.
accrued
$3,838,362
;
Operating revenues—
$3,632,683
reserve
for
depletion of $31,371), $55,544; non-operating plant and
equipment (less reserve of $-555,556), $60,638; manufacturing supplies
and spare equipment parts, $81,227; deferred charges, $164,937;'total
assets, $4,948,698.
:
'
the
$3,524,860
"
Mexican
From Jan, 1—
Operating
$1,186,094;
depreciation
22,587
$295,299
-
786
hand, $117,609: U. S.
and
$3,815,775
36,327
oper. income
:
'Deficit.—V. 160, p. 52.
Sheet, Doc. 31, 1943
$50,000;
doubtful accounts
$3,488,533
2,027
stock for period—„
to pfd.
,
Net
78.305
the ..amount
on
$293,272
"
1941
.
subsidiary company not consolidated, $26,059; miscellaneous invest¬
$754; land, buildings, machinery and equipment (less reserves
of
for
borrowing
Net
ments,
31.
and
(at
and
1,000,000
152,991
from
Gross
t$3,710,988
$3,548,207
of
869,359
i
1,000,000
$89,862
' ,. •,
■"
railway-.^,.
Net from railway
V
securities of subsidiary company not consoli¬
dated, at value determined by board of directors, $285,000; indebtedness
company
production
for
inventories,
a
of
financing
Assets—Cash in banks
,
.
Dec.
1942
,
$3,632,683
.
$242,853
2458.
p.
May—
Gross
'
which the net assets
acquired on Nov. 29, 1937, were taken up on the books over the patvalue of capital
stock of $801,152 originally issued, less subsequent
.adjustments for property revalutions.
'•>
'
(
tRepresents
Regulation "V" Credit for
of 57 banks throughout the country, headed
the
war
1943
159,
Texas
;
for
end of year—
Balance
by approximately $54,000,000."
The' Sperry President reported that on
t$78,292
't$28,765
tOperating deficit.
.$3,600,575
apart
value of preferred stock retired—
,
reduced
and
set
or
'
"Continuing the policy adopted in 1942 of avoiding excessive profits
in the war period,
Sperry made substantial reductions of prices in
•existing contracts as well as in new contracts," Mr. Morgan declared,
and
paid
payment on preferred stock—
Excess of purchase price over par
as soon as possible," were $460,006,689,
prices, were double, those of the previous
he said, "included a number of products
shipments,"
'
Capital Surplus for Years Ended Dec. 31
';•
war
relative
on
$25,720
profits tax necessary.
at beginning of year
Dividends
Morgan, President, said the 1943 shipments of the corposubsidiaries which "are devoted exclusively to helping
•which,
:
3,321
(net)—_
income
Net
its
.the armed forces win this
28,756
——
surplus—-——
'No provision for excess
83,333
$239,532
revenues
applicable
—V.
*-
.
Thomas A.
1
Operating deficit at Jan.
1943
'
Establishing new records in production with the'number of em¬
ployed personnel at. a new peak, net income of the corporation and
tts wholly-owned domestic subsidiaries
for the year ended Dec. ,31,
-1943 was $7,592,343 or $3.77 a share after provision for taxes,
and
after setting aside
an additional amount of $3,784,110 for postwar
adjustments.
Total reserves were $7,250,000 at Dec. 31, 1943.
.
Net profit for the year—
83,333
-f
1,787
taxes-
income
income
1,089.269
842,169
*
■
"Ads"—.
2,148,465
71,144
approp.
Net income :
2.758
■
578
(net)
'Provision
Standard Brands, Inc.—Acts on Yeast
4,641,603
113,381
69,648
Interest charges
25,287
30,343
25,278
-Expenses of closed plant, etc,_—
Loss on sale and demolition of fixed
res.
income
Gross
"
Frank
-5,619,684
"
oper.
Other
$468,693
75,257
i____—
ret,
$403,092
435,020
176,955
taxes
Prop,
1944—12 Mos.—1943
$996,150 $13,098,851 $11,416,006
499,640
taxes
Other
315
accounts™_
profit
Federal
957,125
17,533
1944—Month—1943
$1,069,108
$1,360,532
$54,573
and
doubtful
$1,062,195
58,251,220
1,306,965
$1,597,287
1,315,732
—
1941
$5,598,225
4,237,693
$611,389
__——
<
Ret
.
1942
$6,674,061
profit
Provision for
Net
'
•
sold™6,062,672
sales-—:———'
net
of goods
Gross
Operating
Ended Dec. 31. 1943
;
"
1943
"
Operating revenues
Operating expense
railway
railway
oper.
160,
p.
l,—
income
53.
Temple University,r Philadelphia, Pa.—Another Issue
of Bonds Called for Redemption—
There "have been called for
Trinity Buildings
1944 all of the
•outstanding 1st lien and ref. mtge. 25-year G% bonds of Greatheart
Society, Inc. dated April 1, 1925 secured upon properties known as
1810 Spring Garden, Street and 1912 Spring Garden Street, Philadel¬
phia, Fa.
Payment will be made at the office of The Pennsylvania
Company for Insurances on Lives and Granting Annuities,. substitute
trustee, 15th and Chestnut Sts., Philadelphia, Pa.—V. 159, p.-2679. -
redemption
as
of Oct. 1,
The
first
'security holders of a
The
instalment
of-$121,600
Corp.—InterestjOnpaid—
bondholders' committee on July 2 informed
default in the interest' due July l on the bonds.
mortgage
was
of
taxes
not
which became due
on
April
l
in
the amount
paid, but it is expected that the unpaid
to $42,000. the letter says.—V. 159. p. 1192.
fully
balance will be reduced
(Continued
on page
156)
-
-
Volume
160
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4297
Stock and Bond Sales
DAILY
notice—-Cash and deferred doll-wry tales are
New York Stock Exchange
«»
WEEKLY
-
125
YEARLY
■
disregarded in the day's range, unless they are the only transactions of the day. No account is taken of such sales in computing the range for the
United States Government Securities on the New York Stock
Below we furnish a daily
July 1
Dally Record of U, S. Bond Prices
Figures after decimal point represent one or more 32d of a point.
July 3
July 6
July 5
July 4
Daily Record of U. 8. Bond Prices
July 7
2%s, Dec., 1964-1969
(High'
Total sales in $1,000
•
(High
■
2yas
Low
4
v'
■.
•>V." V'
2%s, 1967-72
Close
104.28
//,<
—
■/'.:. :
■'
Total Sales in $1,000 units
1
[High
.
.
{High
Low
•
[Close
Total sales in $1,000 units.
HOLIDAY
*
(High
Low
2%s, 1952-55——
104.20
Oloso
Low
104.20
Close
Total sales In $1,000 units
43
Total sales In $1,000 units——
High
[High
2%s, 1954-56—.
—.—\ Low
Low
Close
[Close
/z
—
.
HOLIDAY
,.
High
104.20
Total sales in $1,000 units....
units
Total sales in $1,000
4
.
.J Low
[Close
,
Total sales in $1,000 units—
v
100
—
—
[Close
3s, 1951-55—
—.
'
ay4S, 1951-53——
——J Low
3%s, 1949-52—
100
—-
{High-'
104.28
—-
100
—{ Low
[Close
Total sales in $1,000 units
Low
(High
■
/
[High
1965-70
v
//
—
;...
io
104.28
Total sales In $1,000 units
100
100
units
'
[Close
units.——
Total sales In $1,000
July 7
July 6
/'<■'-:—//'' /—.
100
[High
{ Low
-
/[close
Total sales in $1,000 units
v
July 5
[Close/
Low
/'/
July 4
Total sales In $1,000 units—
close
3%s, 1946-56———
Julys
'
■/:/■:■ (close
units.—
■";://•
July 1
Treasury
[High
2%s, June, 1964-1969..^——{ Low
f High ■
1 Low?
Total sales in 11,000
Exchange
record of the transactions in Treasury, Home Owners' Loan and Federal Farm Mortgage Corporation coupon bonds on the New York
Stock Exchange during the current week.
Treasury '■,
/
4%s, 1947-52
year,
-•;
;v.-[High
\ Low
2%s
2%s, 1955-60———.
Total sales in $1,000 units
Total sales in
—-
[High
.—J Low
100.6
1 Close
$1,000 units—
100.6
1956-59——-
[Close
.
100.6
1)
"
■■■'•,.//
[High
[High
—{ Low
2%S, 1945-47-
2s,
1947.—
[Close
Total sales in $1,000 units
-i
....
High
[High
1948-51———4
2%s,
Low
—■
|
Total sales in $1,000 units—
2s, March 1948-50.—
Low
low
—
Close
[Close
Total sales in $1,000 units
Total sales In $1,000 units...—..
,/
rHigh
[High
2V4S, 1951-54———
2s, Dec. 1948-50.
Low
■
Low
—
Close
Total sales in $1,000 units.
Total sales in $1,000 units—
:
[ High
—-—.-■{
2% 8, 1956-59—
-' ■■•/
—
'
2s, June, 1949-51—
Low
[Close
Total sales in $1,000 units
2%s, 1958-63—
[Close
Total sales in $1,000 units...
—
2s,
Sept.,
1949-1951—
{ Low
I Close
[Close
/
[Hign,
Low
2s, Dec.,
1
[close
„
Total sales in $1,000 units
Low
—■
[close
*
Total sales in $1,000 units
—
{High
2s, March, 1950-1952—Low
—\ Low
1945——
1949-1951
a
[High
2%S,
$ll,0C0 units——,
■••"':■■/• '.r''•■"•/'■
[High
Total sales in
Total sales in $1,000 units..———
2%8, 1960-65
—
(High
[Hign
{ Low
—
High
Low
.
[Close
[Close
Total sales in $1,000 units——
Total sales in $1,000 units.........
[High
[High
2s, Sept.,
Low
1948
2%s,
Total sales in $1,000 units
Total sales In $1,000 units...
•:/V;'-
{High
v ■
Total sales in $1,000 units
\ Low
[close
1951-55—
2s,
100.13
100.13
1
Low
—
—
Close
Total sales in $1,000 units
fHigh
[High
2s
\ Low
1953-55
_.„{ Low
[Close
(close
Total salfes in
HOLIDAY
Total sales in $1,000 units..—
$1,000 units———
HOLIDAY
(High
f High
—{ Low
2%8, 1956-58
100.13
[High
Total sales In $1,000 units——.
—
100.13
100.13
—
[High
2%S, 1952-54
100.13
Low
-
'
.
0
...
2s, 1951-1953.—-—...
Total sales in $1,000 units.....—
2%s, 1950-52—
100.30
100.30
[Close
[High
-J Low
(Close
2%s, 1949-53
100.30
—.J Low
[Close
1950-1952
[Close
1%S
1948—
{ LOW
[Close
[close
Total sales in $1,000 units
Total sales In $1,000 units——.
100.12
.——■I
Low
100.12
[close
2%s, 1962-67.
100.12
Total sales in $1,000 units
...
Home Owners
High
1963-1968——.
.<
100.28
Low
100.28
100.28
iyas, 1945-1947—
[High
2%s,
Loan
[Close
6
Low
Total sales in
[Close
Total sales In $1,000 units
♦Odd
lot
$1,000 units
sales.
1
...
^Transaction of
registered bond.
NEW YORK STOCK RECORD
LOW AND HIGH SALE PRICES
Saturday
July 1
S per
share
*63%
64%
Monday
July 3
Tuesday
July 4
$ per share
$ per share
./
Wednesday
July 5
Thursday
July 6
$ pet share
$ per share
*63%
64
62 y4
*110%
112
*110%
63%
62
Friday
July 7
Sales for
the Week
S per share
63
*62
63
500
112
—
60
*54
60
*55
60
*56
62
60
60
20
•61
63
63
63
*63
65
*62
65
*62
65
13%
13%
13 %
13%
13%
112
13 y4
112
■
♦23
31%
*31
31%
31
31
23%
♦31
*23
23%
23%
23%
6%
41%
41%
*149%
40 %
40%
41
95
40%
*90
92%
92%
6%
.
6%
152
6%
*149%
*92
6%
149 3/4
152
94%
6%
149%
*110%
12%
*30%
23%
41 y4
*92
6%
112
*110%
100
13 %
13
13 y4
31
31
31
200
23%
23%
23%
700
6.400
41%
41
41%
94%
*90
94%
10
6%
18,200
6%
6%
149% 150%
*148
7,300
153 V-
2%
2%
2%
2%
2%
2%
2%
2%
2%
31%
31%
31%
31%
32%
31 ya
32y4
31%
55%
55%
54%
55%
55
55
29%
29%
29%
84
82
82
14%
14%
14%
40
18,300
2%
32%
55%
*54%
55%
31%
547/a
28%
28%
28%
84
*82
14'/a
14
147
147
14%
*30%
*82
14ya
149
149%
148%
149
28%
*82
28%
29%
*82
83
14
14!4
148
148%
15
15
15%
15%
15%
*14%
30%
31
30%
30%
30%
30%
148
15 y4
31%
14%
For footnotes see page
f
700
10,000
83
148%
15
'
13,700
29ya'
14%
15
30
30%
•
20
•
1,400
2,100
600
1,900
'
■
'
Range for Previous
Range since January 1
Highest
Year 1943
Lowest
EXCHANGE
Shares
*54
•no %
STOCKS
NEW YORK STOCK
Par
Abbott Laboratories
No par
4% preferred—-.———100
Abraham & Straus—
No par
Acme Steel Co.
——23-'
Adams Express
——I
Adams-Millis Corp
..No Par
Address-Mutlgr Corp
10
Air Reduction Inc
No par
Alabama & Vicksburg Ry
100
Alaska Juneau Gold Min
10
Albany & Susquehanna RR
L.100
Allegheny Corp.:
1
5% % pf A with $30 war——100
$2.50 prior conv preferred.No par
Alghny Lud Stl Corp
..
No par
Alleg & West Ry 8% gtd
100
Allen Industries Inc
;
1
Allied Chemical & Dye.
No par
Allied Kid Co.—
9
Allied Mills Co Inc
^
No par
..
...
_
—,
$ per share
52% Feb 21
Jan
53
Jan
114
60
3
.
26% Jan 31
19% Jah
6
37 y* May 18
.
Jan 13
5% Apr 18
124
2
Jan.
37
3
Mar 29
23% Jan
Jan
3
4
24% Apr
19
70
Jan
21
9% Jan
3
141
Apr 26
13% Mar 18
29 y4 Jun
per share
64% Jun 23
17
10% Jan 27
75
$ per share
24
109% Jan
47
Lowest
6
Jun
12
July 7
63
July 3
13% July 5
31% Jun 16
51%
108
Highest
t per share
Jan
63% Mar
Nov
115% Sep
52
35%
Jan
41%
Jan
July
57% Sep
7%
Jan
13
Apr
25%
Feb
32% July
27
14%
Jan
2iyaMar
42% Mar 13
38%
Jan
92% July
67
Jan
24
Jun
67/a Jan
161
Jun
3
15
3
3%
85
Mar 18
29% July
5
85% Jun 13
14% July 5
152
Jun 20
16% Feb
35 y4 Mar
5
27
Jan
Jan
2% Jun 26
33% Mar 20
58
Jan
48%
76%
/
Jun
Sep
7% Apr
128%
Deo
3% July
Jan
32%
13
Jan
18%
Jan
45% Sep
31% July
5ya
64
Jan
7
Jan
140%
Jan
Sep
75
May
11% Jun
165
July
10%
lfiV4
Jan
14% May
Jan
37% Nov
135.
■k
Monday, July 10, 1944
COMMERCIAL & FINANCIAL CHRONICLE
THE
Range for Previous
STOCKS
$ per
20 %
5 per share
*20 3
21%
100%
20%
s
*99%
100 Vrf
*99%
39 Va
39 Va
115%
115%
*22%
22%
3%
3%
*40 %
22%
3%
3%
*40%
41 Va
107
109%
22%
41%
105
106
28
28
27%
69%
69%
21%
22
22%
*66%
18%
90%
90%
37%
78%
27%
*26%
*102%::
25 %
25 7a
25%
3%
3%
9%
3%
9%
25%
4%
26
96
4 Va
96%
96
4%
21%
22%
*22%
87
87%
87%
36
36 %
*
4%
41 %
*75%
36
•
4%
*40%
,
7%
.7%
■
8
*103
26%
26%
22
22 74
8674
86%
86 y2
8674
36%
36
36
12%
19%
90
91
91
91
167 a
12%
24%
1674
16%
4974
47%
;
47%;
11%
11%
*172%
12 V
11%
16%
16%
74
17
*17%
17%
29 l/a
42%
74
7474
17
17
1774
17%
17%
29%
2974
42%
42
42%
150
25
25
16%
16%
45
•30%
163%
163 %
16374
13 Va
12074
8%
;
23%
11%
*11%
3%
3%
_;
r.
12%
30%
>
>>
6%
117
..,—%'■>:>
16 Va
16%
107%
*>■;
38%
*37
6874
68%
96%
97
97%
40 y2-
41
40%
41
29%
29
2974
•
-6974
92%
109%
2,200
11%
*11%
;11%
.12%
12%
12%
14%
15
14%
55
55
55
60
60
115%
115%
*15%
12%
16%
12%
79
79
117
116%
16%
*77
—
>
12V4
11%
20%
2074
97
1,500
41%
5,500
29%
*2874
29%
63
*61
118%
1274
*77'
7874
79
474
-
1474
1
8%
21%
10
1774
1774
11%
18
64
870
117%
70
1674
300
12
12 Va
4,000
10%
4%
120
78
5
..
*
23%
2374
*1774
1774
1774
17
16 s4
*29%
*33%
.
1774
187V
11 Va
11%>
11%
24
1714
17V'a
*48
17%
1774
1674
3074
3074
*2974
*3474
8%
8%
814
11%
12 74
40
40 %
.
6374
24
18
*17
*48
1714
1774
31
34%
10574
63%
63 74
24
24
18
<
49
110,300
•
,
1274
1214
4014
>
„
4014
m.y*
600
20
17%
17%
24,300
1674
1674
7,600
30%
31
*3474
106,.
3414
3474
10674
*10574
.8%
9Va
34%
1274
90
2,700
1774
3474
113
1,600
1714
9%
*112
1774
49
38,500
3074
3474
12
'
.17.74
*48
134,000
161-4
17%
874
.
.
45,600
*2914
*3474
9
12%
*12
.
49
3474
113
*111
12%
24%
10574
35
10674
3414
CO
3474
112
-
24
*63
63%
*63
1674
*10574
110
1874
11%
1774
17'
106 Va
*1214
17%
1674 r
105%
*34
10
11%
30%
34
9%
22 Va
1814
48
48
48%
*48
1074
9%
2174-
11%
.1774
.
2174'
21
1174
24
24
277a Jun 27
1874 Jan
80
July
2414 Apr
28
108% Jan
20
115
Jun
108% Feb
18
120
5
14
25
274 Mar
•
8
3
-
Jan
59
Jan
Apr
19
427a
Dec
54%
Dec
174
Jan
674
Jan
7
3% Jan
Jan
8774
7
Jan
26
39
Jan
787a
Mar 23
30
*112
12%
113
13
9
*3414
113
3414
106
19
7% Apr
25
600
900
130
100
1274
1214
17,800
4,600
12%
1274
1274
4074
4074
40 Va
4074
Jun
537a
Jan
70
May
2
Jan
5
May
9% July
>
474
Jun
13
39 7a
Xl9 7a Mar 16
29
1614 July
8% Jan
4
12% July
Feb
15
25
Jun
18
32
Jan
21
37
2
Jun
6
3
44% Feb
21
Feb
14
3
x26
16
163
Jan
22-
167a
Jun
36
>
Oct
474 May
1874 Jan
487s
Oct
Jan
457a
Oct
6Va Jan
27
July
174
Jan
Jun
10 7b
277a Apr
1257a Nov
Jan
A
1
5
49% Mar 22
3
157a
Feb
11674 Jan
12 74 Jun
Jan
827t Sep
774
July
Oct
177a May
20% Jan
52% July
9
47
>
1274 Jan
1
5
Jun
,
77a Feb
Nov
68
27
123% July
11574 Feb
7
774 Nov
■
Mar 15
93
4
14% Feb
Jan
Sep
972 May
Jan
5y4 Jan
28
50
4
66 72
37 V4 Jan
.
7
8 74 Jun
10
11%
Jun
154
5
Feb
173
Oct
12 74 Jan
3
17 7a July
5
107a
Jan
62 Va Jan
3
747a July
3
54
Jan
6972 July
Jan
1574
1314 Jan
17% Apr
7
13% Feb 21
3
43 74 July
9
8
Mar
36
10
20
74 Jan .20
:: Jun
17
111
Jan
7
100
156
45% Jun
j
—14
100
preferred
5 %
Atch
5%
3
19
preferred
6%
5%.
conv
Jan
6574 July
6
14674 July
674 Jan
32
28
30
IIS3/*
Jan
5
33/b
5374
Jan
9% July
9 74 Mar 16
897a Mar 16
937a Jun
?9
preferred
& Aroostook—
Conv 5%
preferred—
Barber Asphalt
3,400
Corp—
Oil
Barnsdall
Bath Iron
—
Works Corp.—
Bayuk Cigars
BpntHoe
Co
Inc
O^pompry—
$4.25 preferred
Aircraft Corp
RR
Creek
Beech-Nut Packing Co
Belding-Hemingway
Bell
Aircraft
Bendix
Corp—
Aviation
8814
Nov
374 Jan
814 July
797a July
7Va Apr
3
67a July
5
3%
Nov
16
53
July
6
42%
Jan
26
28
July
6
2478 Nov
.> 3114
Apr
Jan
2974
Apr
Jan
327a Jun
24
24
19
16% Jan
7
2574 Mar 25
Jan
6
1177a May 26
1117a
Jan
10
5
8%
2
Jan
,12
July
4 %Jun
57
237a July
116
Mar
147a
3%
34
16•
Dec
174 Jan
24
,Jun
5474 Mar
Jan
4774
Sep
674
Sep
Apr
Feb
Jan
3
474 Apr
19
67/a July
5
3
Jan
'747a Jan
9
923/4 July
5
46
Jan
75
Sep
Jan
'3
7
28
49
Jan
30
42
y
'
85
119
Jan
46% Jun
"3574 Apr 18
974 Feb
17
117a Jun
>8% Jan
3
137/4 Jun
Jan
4
127a Jan
115
4
102
3
103
Jun
3
100
37
13
100
-100
—50
100
,—10
5
1
No par
-.--"5
~No par
1
-50
20
No par
1
8
Jun
1074
Jun
1074
Jun
92
Jan
Feb
110
Oct
7
6%
Jan
157a Jun
22
727a
Jan
977a July
59
Jan
July
May 19
Dec
4074
47a
May 29
Jan
33
84
Jan
674 Jan
27
28
167a July
857a Jan
90
50
preferred
5 7a %
May
Feb
25
•
—No par
Barker Brothers—
9
Jan
5
947a July
3914
Oct
29
Jan
100
Jan
1087a Nov
4474 Jan
13
Jan
67% July
3
Apr
70% July
Jan
7
98
Jun
66
Jhn
9078 July
25% Jan
3
44
May 31
247a
NOV
38
Feb
15
30
Mar 23
19
Jan
3674 Oct
65
Mar 15
44
Jan
68
103 V4 Jan
19
5374 Jan
82
25
5974 Jun
27
1874
32% May 17
14
18
4
6
107
7
2414 Jan
107% Feb
113
July
106
6
Jan
Mar
May
Oct
28% May
113%
Sep
11% Jan
3
157a Jun
29
674
Jan
133/4 May
5374 Jan
7
56
Feb
24
507a
Jan
57
52 74 Apr
19
62
Jun
12
52
Jan
7
113
Jan
'
112
May 26
117 % July
31
25
16% Jun
772
8
274
Jan
Apr
19
8474 May
9
287a
Jan
3% Jan
3
5% July
5
227a July
7
10 V* July
5
18% July
5
7
66
Jan
Apr 24
5-/a Jah 3
18
9/8 ^an ^
3
4
25
4
24
15
3
9 ,* Jan
60
Jan
21 /a Apr
12
Jan
43
Jan
15/a May
15
Ofh
25 k Feb
31
15
May
1057a Jun 24
7% Jun 8
31
Jan 11
111% Jun 12
1074 Jan 3
10% Apr 25
33 k Jan 13
12
13
Mar 22
Jun
3
26Ti Jan
24
66
5
18
July
50
May 23
183/a Mar 17
18% Mar 15
31
July
35
Apr
1
13
1087a Feb 28
113/a Jan
3
343/4 Jun
12
117
13
Feb 15
July 6
153/4 Jan
11
41% Jun 17
Sep
683/4 July
123
Jun
16
Dec
Jan
137a May
14 7a Mar
<;;yy;;
4%
Sep
12174 Aug
5574 Jan
/
27a Jan
preferred—.—£—100
Bangor
1274 July
4974
Jan
49
9% Jan
Corp————No pur
No par
$5 prior A
No par
Aviation Corp of Del (The)
3
t c.
Jan
Jun
1197/a Jun
3
20
Nichols———
Baltimore & Ohio
6374 July
Jan
3
114
—No par
Baldwin Loco Works v
3274 Aug
43 7a
3
.
Atlas Tack
Austin
; 15874 July
4
100
—5
50
—
Atlas Powder—-.—.
>
Jan
427a
10
——
—
Aug
Jan
24% Jan
—No par
pref series A
115
Jan
44
—
Corp—•
Jun
13% Jun 19
7
*
—100
Atl G & W I SS Lines———1
5% non-cum preferred——100
Atlantic Refining.
-25
conv
Dec
177a July
33
12974 Jan
677a Jan
Line RR-
Coast
16
Jan
2174
6% Jan
preferred—i—-———-100
Topeka & Santa Fe
—100
preferred
:
—100
Atlantic
Apr
1517a Aug
2914 May
91
674 Jan
——-5
No par
Corp———.
Aug
;
12774
84% Jan
—12.50
Corp
.
177a Jan
7
152% July
Jan
116% Apr 26.
Cable——No par
Constable
Oct
Jan
12
317a Jun 16
July 3
39% Apr
.
Apr
45
11% Mar
6
164
814 Jan
139
161
19%
16
12974 July
26% May 17
47%
Feb
1417a
28
22% July
Dec
Apr
May
3214 Mar
3574 Jan
Apr 24
27% Mar 16
Jan
18
Dec
1447a
,
151
22% Jun
100
25
3
43
16% July
>
1274 Jan
5
1587a July
3974 May
15
87a
8
15
13
Jan
147
18 Va Jun
6
3
.
36 Va Jan
147
-
307a July
26 74 Jan
Copper
Beech
4074
Apr
22
Mar 25
72
80 Va Jan
div
Beech
12%
Apr
47a
40%
674 Jan 12
1st
20
40%
36%
35 >: Jan
6
10,600
1274
Jun
Feb
7
7
9%
1374
Jun
July
21
July
3574
113
May
Jan
10
Jan
40
Jan
2% Jan
77a Mar 31
Jan
>
9
174
46 Va
757a Jun
Mar 27
4
20
Jun
Apr
29 Va May
5
57* July
61
Jan
474
10
2274 Nov
5
5
43
1414 Feb
.1174 May
Jun
37
39% Mar 31
46
Jun
11
5
3
>
Feb
1047a
514 Mar 16
8
33
65-
18%
Jan'
2514 Apr
907a Jun
10
v
Dec
977a
Mar 22
102
10
1514 Jan
68
1374
8
July
29
;•
5
Jun
-
4
25
26
11274 May
7 '
10% July
6
Apr
Jan
23
1167a July
Feb
..
Jan
Mar
537a Jan
Jun
6 3/a
17% July
19
1857a July
Nov
Nov
96
5
105
7
Apr
•
14% July
10
Mar
101 % Feb
Nov
107
May 26
10% Jan
72
4%
500
18%
6374
*63
26
72% July
Atlas
59 74
18%
*
11%
11%
63%
97 a
874
874
Jan
3
preferred
3,500
55
*77
-5
474
574
2074
20%
457a
597a
11
Teleg Co_
b
20
241/4 Jan
—
210
112
1674
1674
12
6,700
3174
117%
6074
*16
400
5874
*5474
55
59%
-
14%
1474
*5474
*117
112
113
»
62
3174
3174
1274
*77
12,700
6914
'
5
474
~20
41%
16%
-
80
4%
10674
96
1474
60%
117
117
38%
69 74
16%
■—
7
817a Mar 23
class B_;
Assoc Investment Co..;:
10674
11%
16%
550
42
111%
55
360
100
*37
108
31
1474
59%
5
407a July
-
3874
*59%
113
■:
Aug
Va May
9
9174 July
»
181% July
23
—100
Associated Dry Goods
1
6 e/o
1st preferred—•!-:
^.--100
■7% 2d preferred—-————100
-
31%
*54%
—
100
7074
62
14%
55
60
102
100
41
,*111%
14%
3,000
103
103
*29
31
'.a
y2
9674
29%
113
16
Jan
5
3
7%
■
96%
49%
3074
168
134
Jan.,
4
3
Artloom
20
69%
41 %
*111%
717a
5674 Jan
Arnold
400
1,600
117
1674
16%
"
3074
30%
113
*115
117
*37
97%
*59%
33/a
6
.
18
■
6974
62
*59%
63
,
%
Jan
7
927a July
„
33 % Apr
'
i 1,100
yv 190
45%
29%
*>'
—
.73,900
44%
*10674
108
-96%
—>•"
69 %
96%
674
92%
9874
3874
*10674
107%
*106
G8 Va
900
5574
6%
*10774
16%
100
*37
■,;■'
5574
4574
*102
102
9974
V
„
1,900
92 V*
.
16%
16%
102
99%
99 Va
4
11%
'
102%'
102
127 3/a
4
12% July
.
5774 Jan
Andes
900
10974
*115
117
*115
.
674
92%
*108
1274
12%
—
f
45%
;
9274
Nov
974 Apr
4374 July
;
68% Jan
preferred
—No par
Mining
20
A P W Paper Co Inc
—-5
Archer Daniels Midl'd
No par
Armour & Co of Illinois——
5
$6 conv prior preferred-—No par
"7% preferred
;
-——100
Armstrong Cork Co——No par
.$5
20
5574
'
6%
12 Va
,
Jan
-
Feb
Anchor Hock Glass Corp
400
.;■:
12
4
.
"
*55
>■
11%
99
38%
4Va
"
4
11%
12%
132
Jan
Jan
1
Mar
29
Tobacco
Anaconda Wire &
910
1
24
*1174
12
12
45%
12%.
'
600
f
115%
*114
115
*114
61
;
Dec
170% Jan
—
35,900
31%
*2374
24
*23%
•>
109
109.
1,000
v
>
3074
,1874
Jan
47a
27%
>
11%
16
4%
31%
45
*11%
103
60
31
474
9274
:—>■>.•
12
American
2,200
:io,ooo
5%
5374
2774
27%
45
*115
115
16
6%
28
47
;
Sep
,'7674 July
-
Jan
8May 12
82
Wks & Elec——No par
preferred——No par
Woolen
—No par
"Preferred
——100
Amer Zinc Lead & Smelt
—1
$5 prior conv preferred
25
Anaconda Copper Mining———50
$6
,i:
126% Apr
-
27%
30
19% Jun 27
44% Jun 30
3
Water
Am
35,600
974
837/a
*52%
Jun
67
14
Jan;
.•
8%
—25
5%
.
8%
5%
53
52
6
1614 Jan
American Viscose Corp
9874
8374
8474
53
'
>
8%
874
.
574 ■>; 674
55
55.
6% :
92
i *9474
12
4
■■:>
12074
8%
114
U>;v1174
4
12074
9%
6
237a July
--V—---<-25
preferred
-100
Type Foundries Inc
;—-10
Amer
:,f 8.700
9874
72% July,
6
Common
6%
y 3.700
9
27%
•<
f y 730
,
13%',
83%
31
152
*120
V 874
25
Jan
American
1.200
2.900
48%
109
12%
30%
•
i
.
13 Va
44%
11%
*112%
v.
4774
*120
Oct
Jun
25
—100
No par
—
—
Sumatra Tobacco.:
Amer Telep &
14.400
163;
13 7/a
6 y8
?4
55
92
*11 Va
Preferred
Am
700
4874"
*95
v
274 July.
317a
34
14
No par
No par
No par
Refining—
American Sugar
500
13%
108%
4474
*102
-
65/a
6%
92
29%
.
47%
52% -i.
114
12
55
108
*59%
15174
>
'
55
*106
15274
84
52
■■:r'!>'■> 2774
•
*37
7274
874
23%
97%
72
7274
974
5%
X
116%
115
71%
72%
98
>
8374
V'"
4>-/>
■
*113%
•>
24
44%
16274
•71%
7174
12074
8%
5%'
116%
672
163%
7174
152
1
Jan
137a
867a
Jan
Co
Co
Stove
American
1,800
>1
30%
15274 V
974
30%.
*30%
30%'
91J/a
129%
30%
162%
13%
w.v:- A- *93
27%
26%
26%
/
51
51
51
106
: >.
44% -44%
12974
30%
48 y4
*120
84
574
.
W>.
874
*83
5%
3%
1.500
30%
129'
29
"Sep
233/4
Jan
% Jan
Jan
7% Jan
Safety Razor
American Stores
"
Vy«: 1,700
128'/a
71% %
13%
95
87 a
84
55
2274
44% :-45>V,
17%"
Jan
60
—100
Steel Foundries—;
Amer
24.100
17
2274
700
;y v 7.10
2674
17
72%
4774
,
9%
9
11%
26 Va
300
£'■
■
17
22%
Jun
:
^
.
V
23
37% Jan
—18.50
No par
Amer Ship Building Co—No par
Amer Smelting & Refg
No par
Preferred —;—,———100
American Snuff——
25
6% non-cum preferred—_—100
11,200
152
*148
Ltd
American Seating
1.390
f.
42%
42%
4274
<
5
28
X67
Apr
News
American
700
>
158%
•"
164
152%
120%
*120
*93
*23%
30 V4:
4274
42
158 74
July
^
1,540
.
j:
y
V
7074
13%
8%
10
; : 2.100
2674
i
ri;
30%
7174
.
48
9%
*113%
18
17
H
44%
16374
7174
13 Va
9874
30%
1
152
4774
;
Va
26%
18
152
22%
129
30%
70%
152
48%
*49
2174
4434
4
164
71%
13
5%
1674
'
47%
*82 V8
74%
25%
•
16%
22
/:■>>>■/',, 129
30%
70%
71%
9
73 74
30%
1
32,200
17
■
71
151%
*93
:V>',
V;
176
1674
30 Va
42%
1674
,
12974
307 a
■
*120
V... 44,900
1674
159
*148
26%
2574
>
4574
t
*128
30%
71%
43
152
22
*21%
129%
151
43
-
1674
*128 Va
*70 y4
.j
2574
16%
45
4474.
12
43
4274
*158
7t July
7
Apr
,'
Co—No par
Light———No par
$6 preferred
—No par
$5 preferred—————No par
Am Rad & Stand San'y
No par
Preferred
—100
American Rolling Mill—.—
25
4V2% conv preferred
—100
11,000
1774
30%
4374
Dec
43
317a Jan, 14
May 17
Amer Power &
11,600
/
97
Jan
1107a July
Mar 29
16
—No par
No par
No par
preferred———
6 %
American
220
13,800
47
preferred
Amer Metala Co
160
,
-V)
17
-
17%
158%
158
*148
4274
>"25%
22
*21 Va
V
__
150
150
*147
'
3074
30
4274
1587a-
*42%
42%
17
:
5174
V
7474.
737a
>
Mach & Fdy Co
Mach & Metals—
'
158
158
*42 Va
,;••■•'
1774
17 Ve
167a
Jan
41
58
-——-—-100
Amer
3
*175
176
*175
123
3674
-
12
No par
Amer
46%
>'
1174.; 12 y4
•.
".V
174
174
'
'■
2474
214
Sep
7374
267a
374 Jun 21
26
No par
—No par
$6 preferred————_—No pur
American.Hawaiian SS Co———10:
American Hide & Leather—,,——1
6% conv preferred--:———50
American Home Products
—1
American Ice—i—1—NO par
"6 % non-cum preferred
1—100
Amer Internat Corp__i
No par
American Invest Co of 111
S—-1
5% conv preferred
50
American Locomotive———No par
...>7%
1174
477-4
12%
32.900
50%
5174
465/a
1774
29%
158
51
16%
*16%
*1674
5274
17
73%
3
49
167 a
74%
16%
73%
>'V-
'
176
*173
176
274 ;
12'
a
2474
*3574
674 Jan
v
5
4
preferred——
$7 2d preferred A
13,000
:;y: 2,000
y y i 2.500
12%
>■
48
—52.
•
12%
'
Jan
$7
I 1,400
16%
123
' 36 %
36%
3
<
60
••v.?
19%
16%
123
123
3674
;■•;. ,500
50
917V: 92.
*»"
■
123
'
874
;•■■"■.,
100
2.300
-
•
2474
274
.
52%
48%
50%
50%
46%
'-••24%
36
3
s
24 7 4
V
!4\
974
19
12%
123.
36
3
>
12%
24%
123%
1274
;■'
71%
*49
i'V 4
:.-V
127a
;
4,900
*874
•
16 %
;
yV 200
11,000
9%
'
24,/a
122%
x35%
''
•
1874
•
27,800
>■■■.
7%
V
;
50 yv
49%
19%
16%
12%
8
8
50
187a
*4974
y
700
75 y
*70
V
9%
-
.V
42 Va
6%
7174
9%
8%
874
8%
.
600
;
75
•
7 74
*70
974
>
75
.
.
16,200
42 V2
42%
7474
7174
9%
*,
1,200
5%
4%
5
*40%
7
89%
3
474
7%
18%
274
>
474
'•
Power
Amer & Foreign
13,200
86 V4
36%
974
16%
'
22%
23%
8674
-
\ 2,900
"474
2274
1,800
-
*70
so
; 2,200
!
96
4%
9574
41%
89%
24%
~4%
95%
474
75
17%
36
V;
27.
10
-6,500
,'■■■'
;
95%
474
;7
16%
123 %
2674
■*
3%
1074
3%
1074
•
36 Va
89%-
36
26%
3%
-7,000
'
10374
2674
*103
2274
18 Va
24%
16% ,.,1774
10%
•
1374
137V-
96
4%
12 V4
/'
27%
10
26 &
3%
:i,6oo
y. <2,400
y > 2so
y. -1,400
96
16%
*122%
26%
*1074
y
11774
14 Va
4
10%
■
,1674
103%
27
"374
10
230
119%. 11974
*113%
.
103%
1033/4n
;
so x
21 74
'
27
16 %
7
23% Jun
82
,-4-25
>■
Preferred t.——————u-100
American Car & Fdy-——No par
.7% non-cuin preferred——100
Am Chain & Cable IncNo par
5% conv preferred——
-100
American Chicle—i—
—No par
American Colortype Co„
—10
American Crystal Sugar
—10
6%
1st preferred
.———100
Amer Distilling Co stamped—-20
American Encaustic Tiling———1
Amer European 'Sees—4.——No par
American Export Lines Inc—1
22,200
4074
79 74
,
V
16%
16%
41%
'
v..
-118%
14
16
y
115
120
115
i
9274
-
-
July
118
19
19
28% Jan
Can_^—
American
2,000
;
181%
39
V'
79
2 774
.
*13%
14
7474
*49
•
,
89 %
.
26%
7%
9%
8%
27%
117%
119V4
119
17%
.
27 74
*11374
72
49%
78 Va
41»%
75%
*70
9
9
*7%
*48
7 8%
414
:
7
71
78 74
■i
92
181
181
37% ' 38 74
4%
75%
181
38%
38,100
12%
9274
92%
92
18174
36
•
*40%
•
11%
13174
y 11%
11%:;,,
>1,900
44%
4474
*131
13174
11%
n.:.46,300.
18%
t
3
40% July
103
Apr
2
Highest
$ per share
$ per share
-
67
18%
4474
44%
*131
131%
*66%
-
1874
-
3
American
4,800
2274
2274
•
67
1874
44%
•-
91%
87V4,
■4%
75%
71
*66%
1974
3774
117
V
14
*10.2% 103%;
25%
22%
67
180
119%
14 Va
16%
103%
26%
3%
9%
26%
4 Vz
967 a
23 V4
15%
9%
23
2iy4 July
24
17% Apr
Agricultural Chemical-No par
Airlines inc.—
10
American Bank Note———-10
;
6 % preferred—
—.—50
American Boscft Corp———1
Am Brake Shoe Co—-——No par
5%%
preferred
100
Amer Cable & Radio Corp—--1
2,200
27
96 % Jan
105
sha/e
$ per
3 3 74 Apr
Amer
1,700
7174
1174
27%
27
15%
14
28 Va
71%
4474
78
119%
*15%
2874
72%
23 74
38%
*113 7a
120
14%
*11.9%
2874
71%
91
*77Va
117
*113%
28
72
*130
180%
180
37%
37
*7-7%
28
1874,
19%
44 Va
131%;.
llVa. 11%
178%
178
5,800
22%
*130
11'/4
90%
11%
110%
*39
*6674
44%
44%
131%
.109 74
V
110
109
2,500
70 Va
18%
18%
;
44%
*130
2,800
28
67
*66%
67
800
2374
374
4074
374
40y2
*39%
41%
10974
70
21%
*4074
10874
28
70
3%
3%
3%
40 y4
116%
22%
Year 1943
Lowest
Highest
share
14% Jan
No par
preferred—,
—-100
Allls-Chalmers Mfg—i—n—No par
4% conv preferred—100
Alpha Portland Com—
No par
Amalgam Leather Co Inc
1
6% conv preferred-—-—
50
Amerada Petroleum Corp—No par
5%
7,700
3974
22%
3 74
2274
22%
*115%
117
117
118
22%
40 74
39%
40%
39%
117%
117
$ per
Par
.
Stores Corp
Allied
600
103
103
'■
■
.
7,900
20%
2074'
21
102
102
100 Va
Shares
$ per share
share
20%
21%"
20%
100 7a
39%
39%
*114%
$ per
$ per snare
$ per share
share
Lowest
EXCHANGE
the Week
July 7
July 6
Range since January 1
STOCK
NEW YORK
Sales for
Friday
Thursday
July 5
July 4
July 3
July 1
SALE PRICES
Wednesday
LOW AND HiGH
Tuesday /
Monday
Saturday
•
914 Aug
85% Aug
33/a Nov
-
674
Apr
1074 Jan
207a
Dec
374
Jan
10
Apr
6
Jan
14 3/a
Apr
574 Jan
127a
Apr
Dec
3474
Jan
6374
12
Feb
2874 July
574 Jan
15%
Sep
Sep
30
Jan
47
127a
Jan
1974 July
137a
Jan
2074 Mar
237a
2474
Jan
1057a
Jan
Dec
774 Nov
x29
May
3374 July
X110
1474
Sep
Sep
2574
Jan
337a July
93
Jan
114
Aug
11% July
97a
Dec
97a Nov
33
Nov
207a Mar
39%
Apr
T
For footnotes
see
page.
135.
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4297
Volume
LOW AND
July 5
$ per share
"19
19%
*56
58
*56
*38%
$ per
39
19
19 Vb
19%
>"
19%
63%
63%
122%
122%
Xl8%
66
19%
1251/2
48
48
48
48
48%
48%
48%
21%
21%
21%
21%
22%
22
22
10%
10%
10%
11
10%
11%
10%
10%
10%
"20%
20%
20%
*20%
20%
*20%
20%
17%
20%20%
17%
17%
20%
*16%
16%
17%
*16%'
2,100
17% ;
*101
106
*103 > 106
14%
14%
*51%
52%
*93
94%
*49%
50%
42%
14%
42%
*115
117%
33%
33%
40%
42%
115%
115%
33 "
33%
33%
33%
33%
40%
40%
40%
41%
40%
41 %
7%
6%
7
6%
6%
*42 % '., 43 %
*42%
44
*42%
16%
16 %
>
43 •
16
;
6%
16%
-
16
•
*51% " 52%
*12%
12%
37%
'*48
497/a
21%
*43%
>12 Va
48%':-
-44
*43%
21%
*43%
■
Bon" Ami, Co class
30 *
220
A
4%!%
'22 %
■
22%
22%
10% -10%
119
;
(The).
Co
Borden
5,700 '
Eorg-Warner
7,500
.
•'
42%.
16 %
'
Boston
:
•
9,100'
"49%
f 21%
37%
-
?•
49%
;
io %.
:
10%
*69%
70%
70%
70%
70%
10%
;•
179%
10%
10%
11
10%
*19%
•' 179%
*177
*174
-
19%
*19%
•'•'
7
-
18 %
18%
19%
19
18%
38%
38%
38%
V 31 %
31%
31%
109%
•
6'/a
6%
*70
50%
*49
%
15%
6%
15
670
400:
>
"
7
-•
L
70
>6%
74
*70
72
72 •:
50%
50%"
50
12%
>
11%
11%
12
29
28%
12
11%,:
29%
"
y 14%
•
'
v
V15%:r
•
-
74
>12%
•
29%
29%
121/4
'
29%
v
">291/2
3%
3%
3%
3%
15%
15%
15%
15%
16%
15%
?
81
81
81%
82
82
82 >
22%
22%
22%
*22%
22%
22%
22%
29%
29%
30%
30%
30
301/8
*54
:
:
3%
r
22%
29%
30
*54
54%
1%
,
•:•;.
54%
iL'*m
*54 V
54%
*54
•
6% ;
7
i%-A
1%
6%
.
■'
7
V'
.
20%
20%
20%
29
29%
29%
41%
41%
41%
41%
11%
11%
11%
*48
*49
49%
.
t—*■
49%
•
51
July
1
17
Jan
35
Dec
22%
Jan
"~30
Oct
39
July
8 •
-
116
76
5
42% Jun
July
Jan
11% Nov
21% Mar
41% Jan
56 % May
"85
Nov
41% July
5
26% Jan
7% July
3
2% Jan
28%'Jan
Jun
17
5%
5,000
r
7%
7."
7(4
1
7
V" 21
•
71/8
20%
213/a
293/a
29(4
2934
2934
41
42
41%
42
113/s
11%
11%
49%
9%
9%
V
49%
"
•,
'
420*
.
12,800
•50
497/8
4
3
2311 %
128-
Jan
-4-
3
471/2 Jan
7y4 Apr 19
17
50% Jun
Jan
-4
"••rV'
9%
*9%
9%
*47%
48%
48%
48%
109%
109%
109%
:•■"•
1093/4
*48%
*48 %
49%
110%
'r',
10
95/3
.
110%
• r
-
500
,
Nov
NOV
Apr
Jun
8% Nov
12%
30%
Jan
44
21
37 %
Jan
July
44% May
1
9%
Jan
18 %
7
July
12
July
3
July
Jan
29% Jan
13
Jan
6%
5
27
Jan
104% Jan
3
Jan
1-1% July 7
181% Jun 19
70% Jan
111
*110
10
*5
5
5%
Clinch
C&rolina
70
*1091/4" 110%
*37
.
.
•"
;■:> 98%
1193/4
14%
15
14%
183/4
5%
i
19
37%
37%
377/a
43
20-
14% Jan
Apr
187/a July
16
29%
July
>
Nov
•
6% Nov
6
July
5
24% Jan
Apr
35% July
32-
July i 6
20% Jan
31%
Apr
12% Jan
17
*3
43% Apr 258% Jan
28
-4
Feb
-8
2% Apr
25-
'121/2 Apr
18
67% Jan
3
2Q
Apr
18
24% Jan
110% Mar
15% Jun
72-
Jun
105
9
May
9% Jan
30
6% July
2%
5
75
May
Jan
49
Oct
20% Jan
2%
Jan
25% May
5
i 8
28
23% Feb
42
Jan
30% July
Jun
56
%
Jan
1% Mar
6%
Dec
9%
Xl33/4 Nov
193/4
13%
Jan
27%
53
37%
99
373/4
371/2
Jan
38
26
63/a
Feb
11% May
Jun
23
36 V4
Jan
10
July
47% July
97/a Apr
6% Feb
10
4
49% Jun
15
40
Jan
4
111% Jun
14
*85
27% Jun
6
31% July
5
25%
Jan
-4
5% July
6
3%
Jan
4,200
1,700
130
143/4
15 '
19
143/4
14
14% ,v.
19%
"
*119
14%
19%"
1193/4
19%
19
19%
21%
21%
22
21%
21%
22
213/4
22
22
21%
-
:
":'/
4%
4%
4'3/a
4%
'4%
4%
*110
110%
110%
110 y2
43/a
:
-
-
"
4%
4
6,500'
"
111
•
*110%
11
11%
11
121/4'
25%
25%
25%
25%
26%
243/s
25%
*25
25%
10%
*10 %
10%
10%
10%
10%
ioy2
*10
10%
*25%
*10'/a
:
118
8%
8%
84%
863/4
*19%
19%
28%
8
*1153/4
36
36
.
— —
118
*115%
36
36
'
35%
8%
%
118
91%
89%
913/4
19%
19
19%
28%
28%
29 Vb
*113*
.
113
19
37%
38%
38%
12%
12%
12%
*12%
13
46
46%
46%
46%
7%
7%
7%
4
393/4
*12V2
13
*12%
13
46 3%
7%
16
16%
16%
7%
7%
46%
46%
46
16%
16%
16%
7%
7%
100
.18.500
7%:
16%
6%
23%
23%
23%
23%
23%
23%
23%
23%
24%
27%
27%
27%
28%
28%
28%
27%
28%
28
28%
57%
58%
58%
59%
17%
17%
17%
17%
18%
19
18%
19%
6,900
16%
7%
23
7
6%
6%
7
16 Va
16%
7
6%
7 '/a 1
6%
*43%
45
*44%
*52%
.
52%
*52 J/4
16
16
*16
16
16%
59%
17%
'..
45
*44%
52%
•
*16
v', 17%
19%
19%
44%
44%
*44%
45
*52 y4
52%.
*52%
44
A.
01 ass-
1
'
16%
16% .,17%
16%
*16%
52.%
16%
-
/
17
16%
16%
3
3
3
3
3
*29
31
*29
33
30
95%
96%
94%
94%
24%
25
24%
*105%
107
*105%
63
63%
63
*9%
9%
43%
43%
94%
9%„
44 %
.
*170
95%
25%
63%
9%
44%
94
*113% 114%
*43%
*44
44%
r
-66%
*170
*85
95
*106%
109
*106%
109
94
*92%
94,
*92%
45
94
*52%
55
*36
36%
38
*52%
36%
"38%
38
*149%
155
*127
127%
*65
*149%
I
127%
*52%
38%
155
65%
28%
107%
*106%
94
107%
58
*52 3%
36 y2
37%
114
19
*21
22
23%
363/4
39
155
129
27%" 28% '
*107%
18%
*23%
58
383/4
1073/4
129
*107%
353%
21%
19%
21%
23%
23%
*21%
22 y4
35
*110%
65
107%
35%
112
18%
*21"
23%
18%
21%
23%
22
33
*32%
33
33
33
32%
33%
32%'
*32 y8
32%
32%
32%
32%
32%
see
page
r
443/4 >
109
,
1
;;
"50
96
*94
160
30O
Jan
135.
57
*523/4
363/4
363/4
39%
38%
*150
2,300
Cluett
130
28
28 y8
*107%
35
112
130
*21
21%
183/b
-
18%
21%
260
200
32%
33
800
32%
32%
300
Mar
24
jan
109
Deo
7
8%
Jan
34
July
50
July
33% Jan
6
9% May
Jan
17% May
7% Mar 22
2%
Jan
25% Mar 22
10%
Jan
•
28% July
593/4 July
Jun
Jan
16"%
Dec
Jan
22
5
18% Jun
0
27
193/4 July
5
15%
7
47
Jun
2
36% Nov
Apr
41% May
6
53
Apr
54
-3
48
Dec
11%
Jan
13% Jan
30
-
>4
May 29
3% May
July
'98% Jun
1
8
Dec
67%
Jan
85% July
3
10%
Jan
12
107
Feb
5
96% Jan
65
Jan
4
27
9% Jun
19
2% Jan
5
32% Nov
17
,45% July
7
Jan
-
185
Jun
22
3
90
Jun
5
111
Apr 21
37% Apr 20
115% Jan
Mar 27
109 ^Jan
12
Colo Fuel & Iron Corp
Southern
4%
non-cum
4%
non-cum
1st
103 % Mar
-2
25% Apr
25
.109% Feb
29
No pat
ilOO
preferred—100
.
14% Apr
113/4 Jan
12% Jan
19
3
4
Deo
101%
Dec
Sep
Feb
54
33% Nov
Sep
48% Mar
Jan
40
July
142
May
153
88
Jan
123
Sep
July
67% Jun
61
Dec
29% Jun
1
16%
Jan
108% Jun
353/a July
114
Jan
19% July
7
7
5
11
5
233/4 May 27
24% May 27
4
23
Columbia Br'd Sys Inc cl A—2.50
26% Jan
4
33V4 Jun
I—2.50
25% Jan
4
13
42%
7
1
Jan
2nd preferred—100
:
Jan
13
39% July
6
L100
Jun
28 3,4
50
38% Mar 15
—No par
Dec
21
30% May -3
—No' par.,
74"%
1163/4 Aug
92%
Jan
23% Jan
1
Jun
145
108 Va
53
11
preferred
Dec
8%
39% July
Jan
52% Mar 22
62 Ve Jan
•——No
63%
Jan
July
20-
153/4 Aug
Sep
106
84
94
34% Apr
Feb
Apr
6
16
Jun
Mar
67
109% Jan
19
92
Feb
3,23
3
45% Jun
106
Jun
33/4 May
19
Jan
12
18
32 %
56% Mar 28
25% July
May
IS3/* Apr
24% Jan
5
5
Jan
7% May
21%
6
23
76
July
Jan
par
Class B
Jan
993/4
7%
No pat
(The)
A
&
18
5
2%
July
.
5
9% Mar 25
Apr
Colorado.
Oct
Apr
18% Mar 25
136
420
22
48
151
$4.25 preferred
23%
72%
19 3%
27
7
148
Jun
Jan
17% Jun
63/a Jan
35% Feb
73/a
16% Nov
17% July
104
8% Nov
13% Mar 16
18
Collins & Aikman
1,800"
32%
5
-
26
conv
Jan
27
Feb
5%
Jan
3
91% July
Feb
.
X33
19 % Jun
111
Class
4
27
7
-No par
;
'
20%
Apr
145
.
23%
*21
Sep
41
Jun
143/4 Jan
—No- par
Peabody & Co
1,400 '
10
;
115
—-100
.
4,300
107%
*34%
*110%
Molybdenum—
Coca-Cola Co
1,000
64%,
Mar
77% Feb
;—5
Preferred
1
64
98
Colgate-Palmolive-Feet—No. par
155
129%
Mar 28
24 J
par
Equipment
Climax
2,600
Jan
14% May - 4
1% Jan *3.
""
21%
footnotes
113%- -114%
*106%
94
28%
112%
24
For
89
Jan
13
—No par
C. C. C..& St. Louis Ry. CO
rlOO
5 % preferred
IOO
Clev El Ilium $4.50-pfd——No par
Clev Gfaph Bronze Co (The)
:_1
5% preferred
100
Clev & .'Pitts RR Co 7% gtd
.—50
Special gtd 4% stock
—50
Clark
1,300 *
47
3
No par
100
100
City Stores—i
•
18
383/4 Jan
par
Dec
22
S
Corp
.City Investing Co
120
1,100
par
23
City Ice & Fuel—
6%% preferred
100
V'i
.No
Copper Co___—
Chrysler
8,300
9%'
45%;
*85
109
64%
35%
23%
*32%
Chile
16 Ye Jan
par
—10
Oil
tChilds Co
10:
5,600
64
:
9%
443/4
65
*110%
*21%,
33
400"
1,800
23%
45
129
35
21%
,
Cotton
Chickasha
*170
95
65
112.
18%
*
v"
1053/4
45
129
34%
18%
64
*i49ya
38y2
155
*110%
22
*21
38%
28 y8
112
18%
36%
*149%
129"
65%
*107% 107%
35
*34%
*110%
57
36%
28%
28%
23
9Vz
453/a
50/
1,600
953/8
1053/4
f
4
15% Feb 24
5
par
•
66
'
>
,
"
113%
443/4
»
64
9%
453%
45%
109
24%.
100
,,
30
94%
107
24,900 '
3
3
96
64
9%
*93
"V.
94%
113%, 114%
44%
,Vv
*27%
23%
*85
114% 114%
44
*106%
94
167%
*105%
*170
*84
6,500
3
24%
9%
4,000
19%
30
1053/4
45
18
193/a
3
23%
*64
18
*28%
105%
107
*170
*84
•
3
58%
18
19%
16%
30
>■
59 Va
59%
25
July
July
Jan
51% Apr
IOO
Jan
July
'21% Apr 25
par
13
43
3
18
Jun
23
30
3
Aug
18%
37% Jan
9
3% Mar
111
Jan
114
4% Jan
50
—
116-
97% Jan
J.43/4 Apr
21
July
23% Jun.
3
3
19
Sep
Jan
5
16
Mar 20
4
Apr 19
5% Jan
3
50
preferred—
Chicago & Northwest'n w i_ -No
5% preferred w i__—.— .-;
Chicago Mail Order Co—
Chicago Pneumat Tool-—-. -No
$3 conv preferred
;— .No
Pr pf ($2.50) cum div— .No
.No
Chicago.. Yellow Cab
Feb
Jun
Jan
•4
11% Jan
.——40
'•*
*•»
11
40%
1%
Mar 13
4% July
19
-
Dec
120%
163/a
22
111% Jun
15
:
Dec
54% July
Jan
Jan
4% Apr
Jan
393%
147
Feb
Nov
19
Jan
Dec
31% May
5% Apr
26%
8%
Feb
27% Jan
46% July
'■97%
96%
16%
113/4 Jun
1
Jan
Nov
27
15
13
32% Dec
40
19% July s 5
Jan
23
5 %
15% Jun
27% Jun
May
Jan
Mar
7
19
110
Jan
Jan
127%
24
15
iy*
—
—
40 y8 Jan
993/8 July
22
17% Apr
Chicago Great West RR Co.
4,800*
52%
16 y4
45
52%
16'/b
16%
58 5%
18%
8% Apr
20% Apr
16
122% Mar 16
30% Feb
/
108
6,500 i
26,200
40.200
59%
•
19%
31
Mar
May 13
53% July 6
13
Jan
57
V
■
Jan
25
Chesapeake & Ohio Ry—
Chic & East 111 RR Co_—-,-No par
4,200
:
2%
100
preferred
.———5
Checker Cab Mfg
5
Chesapeake Corp of Va.—
6%
80
,
19% Apr 20
Champion Pap' & Fib Co:— .No par
2,600 '
■
43
39%
39
46%
46
1,100 * :
19
115
3
-2
.-No par
Chain Belt Co
2
Jan
—100
6% prior preferred
6,310
29%
29
*113%
115
"
7%
•:
Products—.
Jan
Jan
107
4%
6
151-
17
No par
—100
No par
-J—-1
Cerro de Pasco Copper
Certain-teed
'18,200
-
40
*12
Century Ribbon Mills
1,000'
■V 3,200"
91%
19
29%
800
Preferred
8 3/a
881/4
19%
29%
*113%
36%
36%
t,.;.
30
;
:.U
36
8%
90
■
39
-5
12
,.11
—
tCent RR of New Jersey—
100
Central Violeta Sugar Co—:—;—
4,800
118
36
8%
88%
114
29%
113%
*11534
118
8%
11%
11 V
3534 •36
83/4.
19%
114
*115%
36%
8%
87
;
*:
10
110%""
11
10%
*113
-
10%
*10%
*115%
-v.'..'.
110 %
*110
...
19
Jan
31% Apr 24
9
96% Jun
preferred
,
—20
Central Aguirre Assoc
No. par
Central Foundry Co.
1
Central 111 Lt 4%% preferred—100
5%
,
Apr
113
—100
No par
-Celotex Corp.—
'
4%
*110
33"
44 V4 Jan
Amer—,—No par
2d preferred
Jan
146
*-100
No par
$4.75 1st preferred———No par
7%
6,000
1,330*
3,700
■
*18%
—
——-—
Celanese Corp of
373/8
1193/4
<"
Co
Caterpillar Tractor
993/a
99%
I)
(J
Preferred
-
30-
3,800
1193/4
36%
.
99 (4
Case
3,900
53
Dec
29%
50
42% Apr
4
Apr
19
>43% Jan
Carriers & General Corp.
V
148
521/4
533/4
37%
38%
1193/4
1,400-
-
Apr
113/8 Jun
V 8% Jan
97
Mar
Jun
10
,.100
5
—1
—25
Ry
Apr
22%
21% July! 5
30 % July
7
33% Jan
83%
523/4
>
7% July: 6
15% Jan
Apr
16
•1% Jun
May
5%
18 % July
18
30% July
6
Jan
yp Nov
56% Mar
-4
Jan
9%
■
10% July
29% Nov
65
3
% Jan
5VW Jan
7
July
533/4 Feb 24r
»
Jun
6% May
Jan
<-
16% July t 5
22% Jan
Oct
15%
21%
6
1-2% July -6
29% Mar 13
3% July >'■ 6
•■•.' 83%
Jan
Jun
109%
41
27
52% Mar
Nov
A—I
Ohio
&
10%
39
24
4
Steel Co-^.——
Carpenter
July
97/8 May
116% May
54% Aug
20% Feb
•'=■ May 3.-2
27% Jan 25-
—NO par
1,000:
.>
5%
*146%
146(4"
146%
99%
99
1193/4
15%
183/4
5%
53%
37%
99%
119%
5%
31% '
*31%
146%-
53%
—
37
99%
31%
5%
37%
*146
1193/4
*30%
5%
»»
37%
37
37%
99
1193/4
■p
523/4
52%
52%
31%
31
147
146%
147
52%
5%
37%
37%
37%
*146%
31%
10% May
118 %
70% July • 5
11% Jun 29
class
'
30
30
*293/4
Jun
42% July
20% July
31
i
Capital Administration
«V'$3 preferred A
1,300-
49%
".<•48%:
Dec
14 %
45
Jan
16% May 19
Zinc-Lead
Mills—
Cannon
.
"
V'9%
<=9%
-
49%
-
38%
13%, Nov
2G'
16
44% Jun
98% Jan
Campbell W & C Fdy
,-No par
Canada Dry Ginger Ale.--.
-5
Canada Southern Ry Co
—100
Canadian Pacific Ry
25
6,700
11%
11%
18
5-% Jan
-—No par
50
>—1
Calumet & Hecla Cons Copper
5
14,200
6,000:
30%
41%
22 y4
8 Vb Jan
5
No par
100
No par.
Zine
Packing
preferred
5%
Callahan
16,900-
„
.
21%
4
Apr
33
July
13
6%
20% Jan
Jun
•
17-% Jan
California
•; ■
%:.'..
21%
*49(4
&
Copper
-
2,000'
.
'.
545/a
7
■
Butte
•
30
•-
*
5©
116
30
preferred
conv
Byron Jackson Co.
1%
38
14
-6
600
*54
28
Jan
Jan
800
16
12% July,'5
Jan
39% Jan
Bush Term Bldg '7% 'preferred—100
Bros—i
—10
8,800"
■
14% Jan
Butler
30
(
May 12
54
preferred
6%.
,
-
22%
1%
July ;1
Jun
.ilOO
20
80"
22%
54 %
43-
17"
52
■
*9%
96% July
6
34
-3
Byers Co (A M)_:—-—
Participating preferred
49%
—
38% Jan
Jan
460
41%
11%
'
7
4'
5,500"
1%
.
4
July
1
<,
3%
29%
„
Feb
52
July
40 y4 Jan
-
par
.
Terminal———:
15%'
1% '
20%
'
27
95-
4
8% Jan
—No par
83 %r
15%
11%
20%
29
'
52% Jun
18-
106-
27
——No par
82
'
1%
>
'
July
26
Jan
Bush
,
12 %
'
1%
Jun
100
29
15,500
29%:
■
3%
16%
82
3%
Jun
19% July
19
15% Feb
107
."
50
*49%
*15%
3%
Dec
4-
39
i—5
-108
"
'
9% Jan
40
-5
13,100 1
7'>
•6%;-
6%
*72
50
i
*80%
3 %
Jan
I
-.100
Burroughs Adding Maeh-—Net par
"
29
29
13%
16
12% Jan
4
Burlington Mills Corp—
i- 5% preferred
2,500
.
109%
*109
:
—No
Bulova Watch.—
1,300;
•
.
•
11%
11%
5
17% Jun
40% Feb
No par
preferred————,
Buliard Co
v 2,600
v
'38% i
*38%
"31%
\
151/4
6%
71%
•
19% Mar
Jan
20% July
37% Jan
-.
Mfg—
No par
[ ;71% preferred——
—108
$5 preferred iL
1
—Net par
Budd Wheel
^
No pat
Buffalo Forge 'Co——
L—i
.26,400'
19%
*♦ 19 -
18%
109%
*109-
15%
6%
50
71%
: 72
*49
■
"
109%
*109
•
15%
6%
Jan
Jan
4
Jan
69% Apr
121% July
27%
6 %
y4 Mar 14
Sep
16
5
'5
3% Jan
Budd (E G)
-
70% ;
•;*
v7%>
86,500 '
7 :
60 •
.
10% : 10%.
*191/4
•
;■ 32':
31%
31%
'
15%
> "< 6%
>
19
Jan
34 y2 Jan
—No' par
CO—
Bucyru«5-Erie
,
10 '
•
*109
15%
:
-'69%
V
38%
38%
38% -,39 W,;:
31%
> 109%
19
'11%
.
-'•' 178-
178
20
■*
14,000
.
'
38%
15%
Jan
Nov
110%
28% Jan
.
(assented) _100.
Bruns-Balke-Collender
1,900
10%
-10%
70%
20
::■> 31%
*109
7
10%' V 10%
■
18%
18%
'•
69"%
11%.
'
*
Jun
8%
54
5
7
11% July
109% May
;—5
Corp—:
Maine RR
&
Brown Shoe Co
200
%
22%„
10%
118% "118%
•
179 V.
*177%
V
22
V
•'!.
■
V-10% vir--
70%
•.
:
•
118%
-
19%
19%
18%
*118
'
179%'
179%
."•:.
10% ;.n%
-
119
10% >; 11 V;>
10%
10%
3 7
19% Mar 22
66
July
125% July
22% July
33% Jan 26
—A——_I0
Brooklyn Uniori Gas
6,100
''.44 v7-
44
7
,
21*' "21%
.
7
400
7 "
•.
*
6,000
->
50 Vv.
•
*48%
4
.77 13,400
>12%
37%
*22% •'•22%
11%
10%
*118
-
July
Jan
-3
88% Apr
46'% Jan
Bower Roller Bearing Co—
:—5
Branift Airways Inc_:2.50
Brewing Corp. of America
_13
Bridgeport Brass Co-——No par
Briggs Manufacturing.—^
No par
Brlggs & Stratton—^—Ncr par
Bristol-Myers
Co
—5
500;
•7
16%'
.
12%
50
">43% >44
23
22%
10%
119
*117%
Nov
38
48 % Jun
45
5
—No par
Inc——
6,700
.
..
•6%
42%
■37% >
21%
44
23
io%:
v
'
57
22%
3.2% Jun
'
*117%
54% Feb
20
93% Mar
*
5
r_;——_1
preferred i-———100
"
24
40% Jun
-3
14
•
.2—„———No par
Stores
Bond
900;
200 <
f
B_
Class
;
,r 051,, >52.
50'>v
-
'
-
*48' "•
22
22%
44-
*49 >
49%
*48
49%
100 ;
■
40% ,'•
6%
-
52 v-
>*37%
38
48%
v
/
56% Jan
y? Jan
16
__5
Boeing Airplane Co__
:
Bohn Aluminum & Brass—
17%
7% Jan
Bloomingdale Brothers_____.No par
Bluraenthal & Co preferred-„_-lQO
10
.
33%
'."••' 40%
•:
•12%
;
37%
21% ;
Bliss & .Laughlin Inc
v.
-
116
33%
42%
••
r5
12%
'12%
*48
22%
-
52%
12%
-
:
13% Mar
16
par"
*
14,400
42%
*115
16% r ie%
*51-
37%
12
37%
.
_No
Highest
$ per share
5
37% Feb 24
>
No par
,.Wo par
:
3.9% July
per share
"
16%
*51
2
Lowest
'
$ per share
'
47%47%
,
47%
'
52%
*51%:
37%
47%
*v.
52
42%
33%
4
115% Feb
90
.
,
7
116
116
15% Jan 20
56% Jan
:__100
500
•
94%
42%
117%
i
f
4
—No par
(Del)_„
Co.
Blaw-Knox
*
42%
7
42%
*42
42%
52%
50%
-
*
Jan
53% Apr 21
33% Jan 28
■
52%
50%
>
par
1
—
Steel
preferred'
Bigeiow-Sanf Carp Inc
Black & pecker Mfg Co
7 %
18,200
,
7
'•;' 94%
94%
;
V
15 %
52%
50%
*115%
"
40%
6%
,
*93%
50'/2
50%
V *52%
94%
42%
*93%
800
106
14%
14%
17
par
No
Foods
Bethlehfem
-
1,000:
\
,
"
14%
52%
*52%
94%
50%
50%
47% ;
22 '.:
10%
-
*105
14%
14%
52%
-
*93
106
*105
106
106
14%
*52
.
17
*16%
22
.
&
Best
9,800
*
•
48
,'47%
No
Cc_.
Best
•
24.300 1
«■,
.
21%
'.
Loan
Ft pfd $2.50 div series '38_No par
18%
125
Indus
Year 1943
Highest
t per share
?ar
•
Beneficial
5oo
38%
64% v65%
65%
124%
'
*
1.300
.
Range for Previous
Range since January 1
Lowest
,
58
38%
19%
64
124
124%
123%
191/4
*56
38%
Shares
per share
19%
58
38%
19%
19%
65%
122%
*56
38%
38%
65
,
19%
„,.19%
59
*56
19%
19%
63%
121%
19%
'
$
"
STOCK
EXCHANGE
the Week
July 7
$ per share
NEW YORK
Sales for
Friday
July 6
share
19%
58
38%
38%
Thursday
Wednesday
July 4
$ per «>are
$ per share
STOCKS
HIGH SALE PRICES
Tuesday
July 3
Monday
Saturday
July 1
May 28
12%Jun
33%
•
17%
Dec
Jan
Jan
114%
13% Nov
2%
Oct
25
109% July
283,6 July
*103% Dec
108
68%
Jan
Oct
19% July
19
19%
Sep
3'/a
Jan
3
Jan
17%
Sep
Sep
Jan
26 3/4
Dec
Jan
26%
Dec
28
15%
6
15%
NEW YORK STOCK
HIGH SALE PRICES
LOW AND
Tuesday
July 3
$
$ per share
$ per share
43/4
5
43A
82%
83
82Va
83
76
77%
78
773A
773/4
75
75
75
92
92
92
92%,
92 V4
213%
213/4
21
21%
21
21
*46%
47%
43%
47
47
46%
46%
42%
43%
42%
92
92
213/4
213/4
21%
*105
,106 Va
*105
21V*
46 Va
46'/a
*46%
47%
42%
41%
U
81%
81%
27%
1
27%
27%
28
17% 5
173/8 ' 17% '
263/41
27%
263/4
*16%
26s/s
26%
26%
28
28%
28%
28%
*28
28
97%
96
96%
96
*27%
*96%
97
97
'
2.7%
28%
*28
28%
700
*96
96%
4%
4%
4%
4%
4%
43/4
24'/a
24%
24%
24%
24%
243/b
24%
1003/B
106%
106%
106%
106%
4%
4%
4%
24%
53A
24%
24
106%
1063/4
12 4
3,100
5%
5%
53/4
5%
5%
24%
5%
24
106%
106%
6
24
'
5%
13,600 '
23,700
24%
107
5,300
.
24
12%
12%
2,200
3,000
30%
31
7,400
24
24
r.
12
123/a
123/a
12%
12%
12%
12%
30%
30%
30%
30 3/8
31
30%
30%
30%
14%
14
14%
143/a
14%
14%
20,800
14
13%
14
133/4
223/4
223/4
22%
22%
1,400
22%
12
.
223%
22%
223/4
223/4
223/4
15%
*15%
15%
153A
15%
153/4
16%
*15
15%
16%
16
15%
16
15%
16
*15%
*46
47
47
47
47%
105%
25%
263/4
26%
9%
9%
9%
9%
93/a
42
400
27
2,700
9%
9%
108 y2
•*
108%
6,400
1,600
Continental
Insurance
Continental
Motors
12%
123/4
13%
12%
12%
12%
45%
45
45%
45
45
45%
45%
8%
8%
8 3/8
8
32%
32%
32%
32%
32%
33
*28%
29%
293/8
293/a
29
293/s
173/4
18
19%
18
18%
45
45
45
133/4
13
133/4
50
50
50
22%
233/a
49 %
2934
16%
16%
-
16%
13%
*493A
50
*49%
50
44
13%
13%
13%
13%
*49%
46
*45
46
*45%
23%
23%
23%
49%
49%
49%
50
58%
58%
58%
58 3/8
181%
183%
/: 44%
45%
270
13%
6,400
50%
120
13
*49%
23%
49%
58%
184
58%
182%
4%
43/4
4%
26%
27%
26%
27
26%
26%
108%
1083/4
109%
108%
109
108 %
108%
24 %
24%
25
24%
25
23%
22%
23%
10,300
21%
4,000
Crown Cork 8c Seal
$2.25 preferred
37
47%
21%
21%
37
47%
21%
383/4
48
18
18%
38%
38%
49
49
18%
18%
18%
7,500
101%
101%
300
34%
34%
35%
V,
353/4
363/a
35%
80 y4
8i
.;
80 3/4
81%
81
81
25
25%
243/4
25
24
25
*243/4
25 %
16%
16%
16%
16%
16%
17 %
16%
16%
*105
9%
5%
5%
.
7,650
26%
100
9%
38,800
290
52%
53/4
124c ;127
53%,'*^ 53%
5% J 5%
53
5%
*112
117
25 3A
26
"
900
28,700
'.
Cream of Wheat Corp (The)
7%
-
preferred
9%
Dec
21%
Jan
27
July
2%
Jan
„11
Jun
17%
Jan
25
Jun
Apr 12
10%
Jan
24%
Nov
~3%
Dec
6%
July
July
•
15%
Jan
91%
Jan
%
Jan
•
7%
•
July
3% May
/
19 % May
Jan
2%
Apr
24% July
105
Feb
8
•
Sep
24%
Nov
29%
9%
Nov
21% Mar
17%
Nov
27% Mar
4%
Jan
7
16,
Oct
Aug
Dec
47%
Dec
Jan
16
Jan
23%
Jun
x4%
7
Mar 10
18%
Jan
89
7
Jan
33%
Jan
11%
Jun
Oct
107
Sep
Jun
49%
Sep
Jan 22
July 5
37% July
18%
Jan
27% July
July 5
Jun 22
x9%
«
6
37
36%
81%
28%
17 %
132
29%
July
July
Mar
July
July
Mar
26% July
4
4
5% Apr 25
97
Apr 25
41
Apr 24
4% Jun 6
14% Jun 9
114% May 20
21% Apr 28
Apr
61% May
186%
Jan
6
Jan
2% May
14%
,
Jan
95
Jan
■"
Sep
May
22% July
108 %
Aug
Jan
9
23% Mar
Jan
16%
23 % July
18%
Jan
31
Oct
37%
Jan
47
Oct
11%
Jan
17
Oct
81%
Jan
27%
Dec
Nov
X66
■
99% Aug
^
38
July
/;' 82% July
22% Aug
9%
Jan
7%
Jan
14%
Jun
Feb
115%
Dec
10%
Jan
25%
Oct
18
Jan
26 Va
Jun
100
Jan
105
6
106% July 6
9% Jun 27
July
July
Jan
Mar
Jan
26'A Jun
47
Dec
ii
5
5
10
5
6
15
127
53%
6%
17%
117
Jan
Apr
Aug
17% Aug
2%
7% July 6
4% Jun 29
23% July 7
38% July 5
49
July 7
18% Jun 27
101% July 6
Jan 4
Jan 4
Jan 3
Feb 10
Jan 25
Jan 18
Jan
53%
27% Jun 28
109% July 6
25
July 3
3
53
Dec
173
3
July
184
3
15
Jan
13%
9
60% Jun
Jan
45
..
Jun 30
50
15% Feb 9
97% Jan 20
22% Jan
101
Jan
7% May
Jan
13% July 5
Jan 4
23% July 3
16% Jan 3
27% Feb *1
45
Jan 3
28
69
20%
11%
112
22%
Jan
50
10
Jan
Jan
4%
25%
33 Va
29%
19 %
46
19
Apr 24
Feb 29
Jan 4
Mar 20
Jan 3
20
40%
8% Jun 29
3
18% Feb 7
104% Jan 20
1
1
Cutler-Hammer Inc
1% May
July 5
July 5
Jun 16
,
Jun
100
Prior preferred
Curtiss-Wright
/
Jan
3*
*•'
Sep
Jun
July
15%
No par
4%% preferred
Curtis Pub Co (The)
$7 preferred
:
16
36%
5
100
No par
No par
No par
Inc
Press
Cuneo
Jan
110%
No par
100
100
10
... 100
30
Cudahy Packing Co
9%
Jan
5
Jan
l%Jan
5
v
44%
Jan
44% Jan
No par
Crucible Steel of Amer
5% preferred
Cuba RR 6% preferred
Cuban-American Sugar
Jan
Jan
12%
38%
10%
47
15%
2
No par
No par
-No par
Crown Zelierbach Corp
$5 conv preferred
29%
7
29% Apr 14
100
preferred
conv
107%
26%
24% Apr
25
Class A
—
Cushman's Sons Inc 7% pfd
'26%
9%
5%
-
Jan
96
1.73% Apr 29
Co
2,300
'
117
25%
Crane
9,500
17%
17
17%
17
*112
26%
40
124
124
5%
117
25%
25%
27%
9%
9 3/8
17%
17
*112
10
1063/4
9%
51.'
55/8
17
25%
26 %
*253/i
1063A
9%
15,300
16%
140
27%
26 %
51
117
*112
117
28
26%
126'.
124
.'
r
5%
16%
16%
16 :,/4
*112
51
5%
27 3/8
26
93/a
123'
50%
51
*50
93/8
1,380
*25%
:
283/4
1063/4
*105
1063/4
122
122
*118%
...
9%
*105
1063/4
"9
27%
*25%
26
*25%
26
1,500
25
*130
•
28%
28 3%
28%
11,900
80%
16%
132
132
140
*132
140
*130
■
36
24%
36'A
80%
35%
80%
343/a
*793/4
140
300
101%.
17%
*
900
38%
101
"
340
-
49
38
*48'
100%' 1003/4
101
100%
22%
223/4
38
48
18%
18
17%
101
21%
38%
48
37%
*46 3%
7,800
Jun
Jan
13% Mar 16
46
Jan 3
5% Jan
1
1
Crosley Corp (The)
25
'*
24%
243/4
243/4
243/4
:■■■
109
109
10,900
4%
July
Jan
25%
110
Jun
6
43'A Jun 27
100
43%
41
44
30%
104%
6
19
10
19
16
82
10
52% Apr 28
Coty Inc
:
Coty Internat Corp
27%
27
108%
27%
11,300
19% July
Jan
107
27
25
Preferred
90
7
6%
Jan
9
10
May 24
41% Jun 16
No par
Corn Products Refining
4%
4
*25%
183
183
7%
65/8
63/a
510
3,800
,
98% July
5
32% Feb 10
Corp
No par
$3 prior preferred
No par
Copperweld Steel Co
5
Conv pref 5%
series
50
Cornell-Dubilier Electric Corp
1
Corn Exch Bank Trust Co
20
26%
4
*130
5,700
23%
49%
58%
583/4
of Del
Continental Oil
Continental Steel Corp
Jan
105% May
Cooper Bessemer
4%
6%
4
17%
15,600
6V2
6%
•100%
800
18%
50
50
6%
29%
18%
x58
23%
58%
184
184
184
6%
263/4
-
12,900
32%
31%
*29
X182
23%
50
23%
8
7%
8%
Oct
Jan
36%
7% Jan 27
20
5
$2.50
1
5
Inc
Can
Sep
73
July 6
4
5
Feb 15
20
100
preferred
41,400
12 5/8
45%
45
Jun
77%
Jan
79%
Jun 13
July 5
July 5
Mar 21
fa % Jun 27
25% Jun 22
12% Jun 23
31% May 19
15% Feb 24
223/4 Jun 19
16% Mar 10
17% Feb 21
48% Feb 21
102 % Jan
par
20
No par
Continental Diamond Fibre
8%
313/4
8%
Continental
12%
31%
$4.50 pfd—No
Container Corp of America
Continental Baking Co
100
-
50
preferred
5,600
45%
*283/4
$2.50
Consumers Pow
3,500
12%
8%
No par
No par
Consoi Film Industries
1
$2 partlc preferred
No par
Consoi Laundries Corp
5
Consolidated Natural Gas
15
Consolidated Vultee Aircraft
1
$1.25 conv pfd
No par
Consoi RR of Cuba 6% pfd
100
Consolidation Coal Co
25
10
95% Jun 23
3% Feb 17
21% Feb 23
102% Jan 15
23/4 Jan
5
16% Jan 13
73/4 Jan 3
24
Jan 12
11% Jan
3
18% Jan 3
123A Jan 4
14% Jun 15
5
Consoi Coppermines Corp;
Consoi Edison of N Y
$5 preferred/
5%
Jan
28
17Ya
- 28
29 %
98%
43/4
245/e
1063/4
3
20 % Jan
No par
42
45%
-
Jan
87% Mar 11
1
Jan
243A Jan 3
8Y4Feb23
21% Jan 27
—No par
preferred
41%
12%
8
$4.75
900
47%
107
26%
42
41%
42
41%
109
*108
109
*108
109
413/4
41%
2,200
3,300
106 Va
9%
105'/a
>
*107%
109
41%
26%
106
15%
15%
47
47%
47%
106
26%
26
9%
9%
107%
47%
106%
263/4
106
1053/4
105%
*253/4
,
15%
*15%
No par
No par
1%
37
l
% Feb
79
25
Consolidated Cigar
160
4 3%
24%
Commonwealth Edison Co
Conde Nast Pub Inc.—i.
Congoleum-Nairn Inc.
:
•
July
Jun
Jan
Jun
Jun
$ per share
40%
Mar 6
Mar 14
Mar 9
Jun 15
22% Jun 23
5%
85%
80
93%
47
43 Va
106%
487A
183/s
Highest
Lowest
$ per share
$ per share
4
Apr 25
76
Jan
3
70
Feb 7
84
Feb 14
16YiApr24
39% Jan 25
37% Jan 3
105
Feb 11
40% Feb 15'
14%: Apr 18
.
Commonwealth & Southern..No par
$6 preferred series
—No par
96
24%
5%
"»•
17%
27
-
No par
100
100
No par
No par
No par
.-10
.100
No par
No par
Columbia Gas & Elec
6% preferred series A.
5% preferred
Columbian Carbon Co
Columbia Pictures
$2.75 preferred,.
Commercial Credit
4%% conv preferred—;
Comm'l Invest Trust
Commercial Solvents
8,800
1,700 ;
2,200
.
*17
s27
$ per share
3,700
286,200
27%
27%
16%
27%
16%
26%
8,400
l '
84
X27 3/b
•
—
' 3,500
1
83
823/4
16%
27%
II
83%
83
823/4
7
;
173/4/ 7/
17%
18
%
:
11
...
27%.
16%
•
17%
18%
■ir
n
823/4
82
4,300
48%
48
48%
•
108
*105
106% -
47%
48
173/4
18%
3/4
%
:
■
473/4
48
18
18%
17%
106%
47%
47
.■
42
*105
105%
47
92
4%
Year 1943
Range since January 1
Lowest
Highest
Par
86,800
3,100
160700
,1,500
"■•/
300
423/4
76%
5
83
Range for Previous
...
Shares
share
83 %
77%
43/4
82%
41%
$ per
share
42
82
*105
$ per
Sales for
the Week
92
4%
81%
*90%
STOCKS
NEW YORK STOCK
EXCHANGE
,
July?
July 6
share
$ per
share
per
4%
43/4
4 S/4
81%
:
July 5
7.
Friday
Thursday
/
Wednesday
July 4
Monday
RECORD
■/'
Saturday
July 1
Monday, July 10, 1944
COMMERCIAL & FINANCIAL CHRONICLE
THE
1%
7
7
7
23
3
Jan
116
Dec
45%
Jan
17
Oct
7% May
Jan
30%
107
Sep
5%
9 % Apr
Nov
24 % Mar
96
Feb
119%
Nov
15%
17
Dec
14%
Jan
26%
Jun
D
Ya
24%
9
*21%'
24%
93/4
9Ya
*21 Ya
9%
;*9
*21 Ya
•
14 Ya
14Ya
143/4
1123/4
*1113%
*29 Ya
29%
30
*29 %
■
-
■
35 Ya
35%
19%
20
34%
34%
343/a
343/4
8%
8%
8%
20%
20%
*37%
i'
.
38%
—
W
:
16%
16%
32%
*96 Ys
973/8
*17%
173/4
•17 y*
46
*45 Ya
45%
•
——
:
44 Ya
24%
;
54
129 Ya
:::
54%
11%
16%
159 Ya
158 y4
126 3A
>126%
118%
*117 V*
35%
9Ya
8 3%
9 Ya
21
20%
*56 Ya
60
*56%
38 Ya
*37 Ya
38
37 Ya
313A
,
31%
*40 y4
31 Ya
*40 y4
41
1,500
'
41
33
16%
16%
16
16%
32%
17%
33%
32%
97%
*96%
400
12,200
32%,
*96%
3.800
17%
*17%
18
45%
45%
45%
*45 Va
45%
45%
45%
45%
45%
26%
25%
26%
25%
26
55%
54%
55%
55
400
17%
>
46
90
1,400
.
■
*"t7"
.
112
500
39
38%
38%
37%
38%
2,100
11%
10%
107/s
10%
10%
2,300
16%
16%
16%
1.600
159 Va
167/a
.158%
17%,
159%
16%
158%
158%'
3,900
126%
127
■0
i--
1593/a
127
,
•.
'
i«-f
:■
—
127
127
*117%
118%
118%
"117%
*125%
118%
29
Jan
36% July
12
Jan
20 % May
8%
Jan
17%
Jan
3
9% Mar 22
3%
Jan
10% May
20
Co__100
No par
No par
18'A
52
29'A
28%
Jan
12
167A
Jan
22% July
Feb
Jan
Jun
38 %
2
13%
x27%
Jan
11
Feb
29
95
15%
Apr
14
Jan
3
A
.
Doehler Die Casting Co
No par
No par
No par
43%
33%
21%
Jan
5
Jan
4
;
No par
129%
112
800
126
10
118% 118%
47
114%
106%
No par
No par .<
Dunhill International
1
Duplan Corp
—No par
Du P de Nemours (EI) & Co.—20
$4,50 preferred
-i
NO par
Duquesne Light 5% 1st pfd
100
$4 preferred
Jun
Sep
July
6
Dow Chemical Co
129
111%
43
5
2,100
129 %
111%
24%
Jan
19
No par
129
Jan
26
22% July
Douglas Aircraft
129
10
27
36% July
6.100
111%
116
29
3
100
preferred
Cup Co
Class
Jan
108%
12
Jun
45% Jun
35% Jun
18
No par
Corp-Seagr'8 Ltd
Dixie
Jun
17
Diamond T Motor Car Co
Distil
Mar
19
Jan
preferred
partic
19
Jan
Jan
55%
38%
v
6%
Jan
12
113% Apr
30
Oct
17
5
Apr
Dome Mines Ltd
111
'
Match
Diamond
May 24
7%
Jan
13
15% July
32'A
17'A
17%
5%
14.500
11
:
Raynolds A
Devoe &
5%
97%
97%
17%
Edison
Detroit
Detroit Hillsdale & S W RR
260
.
No par
20
10
100
50
Jun
3%
5
9% July
21
12
No par
Laak & Western
60
4
Mar 17
25
Hudson
Delaware
313A
31 Ya
41
Preferred
Delsel-Wemmer-Gilbert
&
2,000
37 Ya
Jan
Jun
5
21% Jan
36% Apr 18
1
Delaware
20 3A
20%
60
111
100
pfd
Co
&
Deere
13 "A
1
(The)
Corp
Dayton Pow & Lt 4%%
Decca Records Inc
1
37,000
9
21
'
"117%
83A
Chemical
Davison
'..6%
'19%
8
25
:i
preferred—/—--—
5%
11,200
>158%
"Y
11
159%
35
128 %
■'
—
39
*126%
36%
54%
-w
'.
"
114
16 Ya
11 Ya
*16% ... 163A
34%
25%
•
38 Ya
38 Ya
38
34%
44%
«...
128Y4
*111
111
111
2,600
45 Va
—
'
25 Ya
128
54
54
*128
1,400
21
17%
—
■#- —
44 Ya
24%
44
35%
21
*96%
••
"
.
44%
35%
22%
32%
17%
*45%
44
35 Ya
22%
16%
323%
973/4
45
35 v4
223/4
41
16%
33 y4
44 Ya
35 Va
31%
'
—
33
45 Ya
2,600
4,900
38
41
16%
24%•v
13,200
15 Y4
112
297/a
*29
20%
-i—
—
*94
44
-
*1113/4
29%
*29
30
*56 Ya
V;-
31%
*40 Ya
15
•
.
*35%
—
,
60
31 Ya
,
41
: /•-
112
vV*
23
Davega Stores Corp
"
8%
—
„
.
•
*37Ya
313/8
15%
*21%
600
20%
'
.
203%
20 Ya
38 Ya
31%
*40%
——
9
*56 Ya
60
*56%
*111%
,
Y.'.
343/a
203%
/ ■;
14%
112%
30
•
45
35%
*19%
45
15%
'1113%
■
23%
*
.44%
44 Ya
*35%
45
*21 Ya
14%
1123%
11
24
'
14%
'111%
>
9%'Y
•'
w—
Y
"V
9% —9%.
series A
28%
8%
Dresser Mfg Co
,
11%
137
123 %
117%
July
3
57
Jun
20
5
39% Jun
29
17%
Jan
35'A July
8
32% Jan
31
26
Jan
33% Mar
Feb
8
37
Jan
42%
Jan
17
Mar 31
41
5
Dec
21
17% July
36% May
Jan
100
Nov
May
87/s
9
21%
Jan
25
83'A
Jan
10
Jan
16 % July
29
May 19
45% July
Apr
5
17% Jun
47
48'A
Mar
40
35%
100
Oct
Dec
38%
Feb
45
July
7
22%
Feb
34
Dec
5
15%
Jau
25%
44
Nov
May 12
26% July
May 13
57% Feb
25
Jan
5
122%
July
7
i
Sep
73 % May
Nov
153
Xl06%
16
May
26
131
Jan
7
112
Jan
21
39% Jun
Apr
19
12Ya Feb
Feb
Feb
11
7
162% Jun
Jun
6
128% Mar 24
124
Dec
.159 y4 July
130
Aug
Jun
7
120% Jan 20
115%
Dec
.121% Sep
Apr
17% Jun
107%
Dec
35%
Jun
Jan
10%
Dec
9
28
19
Dec
Jan
5%
26
2
Jan
137/a
Apr
134
*
Jan
H
5,100
13%
13%
13 V*
13%
133/a
133/4
13%
14 Ya
13%
39
39
39 V*
39 3A
40
39
393/a
39
39%
4,700
Eastern
39 Ya
12
2,700
10
—*
Eastern
12 3A
1703A
12%
123A
170%
*178
*
49 Ya
19 %
44
180
497/a
50
50
179
12%
5 Y4
181
49%
493A
493A
50
1.000
20
20 Ya
20
20
1,100
Edison Bros Stores Inc
45 %,
44%
45 y*
44%
45%
3,200
Electric
Auto-Lite
12 3/4
123/a
123/s
12 Y»
12%
123/8
12 Ya
4,100
Electric
Boat
5Ya
5Y»
5 Ya
5%
53/a
5%
5%
5%
5Y4
5%
5Ya
5%
53/a
53/a
5%
3,500
24,700
95
95 Ya
95 Ya
94%
95
92
94 Ye
2,900
$7
88%
89 Ya
89 Ya
88
88 Ya
86
87
800
$6
43%
43
43 Ya
1,600
Electric
Storage
32 3/8
32%
33
1,400
El
Natural
69 Yt
68 Ya
68 Ya
106 y4
'
3A
42%
42 Ya
42
3/4
427/a
42 V*
43
43 Y4
*32%
32 Ya
32 V*
32%
32
32
32
*67%
67%
673A
68
68
68 Ya
*106%
1063A
107
107
*106 Ya
106 Ya
106 Y4
13 Y4
13
13 Y4
13
13Y4
12%
13%
123/4
13
983A
983A
98%
98%
99
98 3A
983A
93%
98%
68%
106
107
"
993/4
993/4
104 Ya.
*102
%
993/4
*103 Ya
100
100
100
100
100
103 Ya
103 Ya
103 Ya
103 Ya
%.
\h
u
400
340
11,900
104 Ya
3/4
..
%
%
12%
13
13
13%
123A
13 Ya
12%
12% '
12%
12 Ya
127/a
12%
13
12%
13
12%
123/4
40,500
*573/4
58 Ya
*57%
58 Ya
58
58%
58
58 */4
58
58 y*
1,200
(The).
Endicott Johnson Corp
4%
preferred
Public
$5 preferred
RR
Service—.
common
Ctfs of
benef lnt
5% pref series
3
101'A jail 13
Lights——No par
No par
No par
Battery
No par
Gas..
—3
Engineers
Jan
163/4 May
41
50
Am shares
Paso
-
7
1
37YaJan 4
10 Apr 18
' 3% Jan
4
3% Jun 9
"
81% Apr 25
78 Apr 24
39Y4Apr 28
27% Feb 7
57 Ya Jan 25
Elec & Mus Ind
Erie
IS
12 %
135.
Jan 24
7,600
tt
12%
page
Feb
175
6,200
150
12%
For footnotes sep
157
-100
—4
,—2
5
-3
No
$5Ya preferred
No
$6 preferred
No
tEquitable Office Bldg——No
480
1,180
34
No par
Electric Power 8c
preferred
preferred
1
100
20
88
100
Eaton
45
90
104
preferred—
Manufacturing Co—
20
95
993/4
Rolling Mills.
Kodak Co
cum
443/4
5%
103%
6%
20 Ya
95 Ya
*98%
Eastman
7"
*44 Y*
95%
13
600
170 Ya
5 Ya
,
5%
*88 '/a
12
170%
*178
181
12 Ya
12 Ya
5%
Ya
12 Ya
169 3/4
12
"179
180
49%
Ya
169 V*
13#
171
170
193A
,
193/4
44%
/
181
179
181
49%
12%
13
*
*171
10% Feb 28
33
Apr 25
8.>.
6% Jan 3
Lead Co—
Airlines Hoc——
e-Picher
14
A
1
par
par
par
par
No par
No par
100
8%
87
89
92%
%
Jan 3
Jan 3
Jan 3
Jan 10
Apr 25
9% Jan
9% Jan
46% Jan
4
3
3
July
6
9%
5
31Y4
Jan
3%
Jan
146 Ya
11%
Nov
July
13Y2 Jun 23
14 Ya
40
Dec
44% July
'
Jun 29
May 23
171
184
50
20 Ya
8% May
Jan
170
May
X173
Sep
184
Jun
35
Jan
453/a July
11%
Feb
19
Jun 30
July 3
Sep
45% Jun
19
30 Ya
Jan
39 Ya July
13 Ya Jun
19
83/a
Nov
14
5% Jun
16
Mar
53/a May
1%
Jan
5% July
3
IY4
Jan
99 y4 Mar
3
3IY4
Jan
92
Nov
94% Mar
4
28 Ya
Jan
88 Ya
Nov
43% July
7
333/4
Jan
42%
May 22
23 Y4
Jan
5
49 Y2
Jan
58 Ya
3
101 Va
Dec
103 Va
Dec
23A
Jan
9 Ya
Sep
Sep
33
68 Ya July
108 Ya Jun
13% Jun 27
99 Ya Jun 20
101
104
Jun
July
% Jan
59 Ya Apr
X32
Sep,
Sep.
July:
54
Jan
92
23
57%
Jail
92 Ya
Sep
1
62 Ya
Jan
90
Dec
12
V4
Jan
13% Mar 22
13 Ya Mar
63A May
22
11
-
8Y4
8
39 Ya
Jan
1V4 Mar
163A May
Jan
16% May
Jan
.523/4 May
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4297
Volume
LOW
July 1
t1
S
per share
147/e
3G
4%
3%
4
2,200
Exchange Buffet Corp——
2,300
40%
41%
40%
40%
23%
-24%
23%
23%
13%
13%
13 %
14%
13'A
13
*16%
13%
17%
16%
*101%
102%
*101%
22%
22%
23
9%
-27%
98%
*98%
98%
23%
23%
23%
.*47%
48%
48%
48%
*49%
50%
27%.
:
98%
23
*48
49
48%
49
49%
50%
.50%
50%
50%
50% :
108%
108%
50%
*108%
50%
109%
30%
*29%
40.
26
A"
38%
30%
30%
8%
14%
*14
14%
14%
14i/2
64%
64
64
63
63
23%
23%
23%
23%
22%
23%
22%
23 %
22
22%
22%
22%
22%
22%
*22%
22%
310
*16%
16%
16%
32%
40%
40%
40 %
113%
113 %
112%
6
6%
4%
.A.
."
41%
112%
113
112%
7
6%
6%
6%
6%
20,000
Gabriel Co
4%
4%
4%
4%
32.900
Galr
7
16%
41
13%
48%
106'A
•
7
13%
13%
106'A
*105%
49%
""49%
49
•
;
6%
97%
38
i
42%
:
130
'
128%
10%
9%
;,'■?■/:
9%
104%
104%
2%
114
"130
129%
129 %
129%
129%
*51%
2%
1%
2
83 r-
*81%
*22%
18%
18%
77%
29%
"2%
i 82
V
>112%
>112%
103%
*101%
103
102%
102%
*102%
103%
12%
12%
12%
13
12%
13%
12%
13%
xl3
13%
*83 %
85
85
85
85
85
*84
86
16%
98
98
24%
24
*43%
*1%
51
%
*48%
3%
108
.
52%
52%
102 %
*101%
48%
*111%
"•
14%
'7;
'
■
111%
*111%
14%
2%
5.
15%;
V-A
5%
2%
14%
■<
18 y4
•r
-
15%
'f
5% !
'■'.15%-
15%
23 7 b
v
37
*
37
37
'*36%;
■•.*23%
1
14%
14%
3
5,600
111
A
■
111
14%
15
*109%
2%
2%
2%
...1
■'•■7'
2%
A:
5%
5%
18%
'■
37-
23%
5%
5
15%
14%
18
\
>V 14%
.15%
36%
36%
37%
*37
.fe",*23%
18
1
24
•
,6.700
'
,
24..,
.
3,900
-
V"
700
,
200
,24
•
16%
16%
16%
16%
16
16%
*4.400
35%
36y4
-35%
36%
35%
35%
7,600
15%
15%
16
16
35%
35%
35%
35%
■v;
26%
,7;-' 26%
26%
27
*57
*48
48%
60
*48
>,'49-
'
23 %
723:
11%
''
14%
V
14%
•'
4
12
711%
4
;
.
1.46 "
144%
144%
22%
23%
11%
11%
11%
" ;4-%
145
"i
14%
-
-■
.
14%
55%
56
56
55%
55%
48%
7
47%
47%
47%
48%
33
-
*146%
14%
f
14%
14%
55%
47%
14%
14%
•.'■•
4%
,
,
•
14%
4%
:
*.
•"
148
900
.
14,300
■
11%
1,600
-
15%
;
10,100
4%
k
6,100
330
154%
13%
14%
14%
14%
:y
54%
57
56%
56 %
,
48%
49
48%
49
11,700
'
•
1,400
9,300
5% Jan
6
28
134
Jan
7% July
5
2%
Jan
5
7%
Jan
71%
Jan
18
20%
Jan
Mar 23
130%
30%
Jan
34
Jan
28% Feb
150
7
10
43'A Jan
6
17
10
125% Jan
28
Mar
4%
117
113%
131% Apr
65% July
130
Feb
Jan
Jan
1% Aug
93
•
11
July
83%
Jan
128% Nov
44%
5
11
Jan
125% Nov
9%
151
9%
Jun
Aug
Jun
8% May
18% May
98% May
32% May
148
Nov
39% July
44 % July
119%
Sep
3
Dec
120%
Dec
107%
137
56
Sep
July
July
131% May
36% Jan
3
51% Jun
24
17%
Jan
4% Jan
3
10% Jun
26
2%
Jan
6% July
18% Apr
6% Jan
26
23% Jun
17
13%
Jan
24 % May
104% Jun
22
—10c
1% Apr
25
19% Apr
112
3
5
9% July
6
4%
Mar
16
103%
Jan
2% July
3
a9*
Jan
25% July
7
109
118% Jun
11
1
No par
Apr
1% Jan
51% Jan
12
83
No par
19% Apr
25
14% Jan
Realty & Utilities
Telephone
Instru
Corp—
Corp.
preferred
-
Rubber
&
(Adolf)
Brewing
1
Co—
—
-
,
23% Mar
4
19% July
7
9%
Jan
15%
Jun
9
88% Jan
22
60
Jan
91
20
26% Jun
15
16%
Jan
24%
3
15%
Jan
23% May
19% Feb
8
Feb
17
30
July
113% Apr
25% Jun
19
103
3
13% Jun
6
90
Jun
17% Jun
19
Jan
7
x99% July
18% Jan
4
24% July
preferred
x83
45
Apr
26
1
50
Jun
Guantanamo
par
59
Jan
85%
5
14%
jan
22% July
41
Jan
48
19
Jan
Sep
Oct
Jun
1% May
7
54% Jun
19
24%
Jan
Jan
3
104
Feb
17
83
Jan
102
8
50
Jun
19
25 Va
Jan
112% Jun
26
90%
Jan
41% July
108 % July
Feb,
100
3
8% Jan
3
Jan
25
1% Jan
3
3% Jan
20
%
4% May
15
Jun
July
3
Jun
5% July
18% Jun
16
July
32% Jan
3
37
Jun
23% Jun
28
14% Jan
•:
4
ift
Jan
3% May
28
73%
Sep
97% Aug
4%
7
3
16%. July
22
Sep
Oct
Jan
9%
Apr
101%
Dec
If Jan
2% May
6% Apr
3%
■
19v"
25% Mar 15
Dec
8
5
19
5
45%
Jan
80
109% Jun 29
15% May 18
8
9% Feb
Jan
7%
Jan
17
July
13% May
29%
Feb
37
24
Dec
26
13%
Dec
18
Sep
July
'
57
May 23
Mar
5";
27
21%
Jan
8
23%
Nov
Jan
154
Dec
3
57%
Sep
65
Jan
5
31%
Jan
50
Sep
5
14%
Jan
21%
Dec
Jan
13 % July
12
67
43% Feb
17
50% Jan
19% Feb
17-
23% July
11
'
Apr 29
11
Apr
18
•
12% Jan
24
11
15% Jun
13
10% Nov
2% Jan
17% May
5
Jun
160%
Jun
july
5
7
81%
Jan
3
16% May 17
3%
Jan
10% May
Jan
3
59
23
25%
Jan
41% May
43% Apr
25
49% May 19
44%
Dec
50% July
3
Jan
26
Jan
123
100
138
154% July
3% Apr
—No par
Apr
32% May
27% Jan
Feb
153% Jun
'
10
23
7
2% Mar 27
108
15
Corp
14%
Feb
36%
par
100
pat
May
Jan
3
104% Jan/
No par
9% May
74
5
4
143% Feb
No
60% Jan
•
3
par
No par
nrpferred
Dec
Jun
98
;.
100
1
Gulf Mobile & Ohio RR
Jun
40
par
—1
July
Jan
29
—
25%
Sep
Dec
2% Jan
No par
Sugar—
preferred—
113
Jun
85% Jan
v
36% Jun
—
4% Jan
17
19
7% Jan
3
Co Inc
14% Jan
17
Jan
11% Jan
69
Jan
1%
Mar 31
3
West RR
108
22
100
(H L)
Oil
Jan
Apr
25% Jan
Grumman Aircraft Corp—
Gulf
15%
2% July
24% Jan
Greyhound Corp (The)^
•5
5
99
—1
—5
Preferred
8%
25% July
14
No par
Great Western Sugar
5%%
59
Jan
par
Steel———No par
Grant (W T) Co——
:-10
5 % preferred
—
20
Great Nor Iron 6re Prop—No par
Great Northern Ry 6% pfd—No par
Green
Jan
110
100
(B F)
Aug
31 Va
6
*—No par
No par
50
1
preferred
115
Jan
12
Jan
No par
conv
Jun
Nov
2% May
25% May
%
3
19
No par
No par
(The),.
Jan
Mar
8%
112
Nov
5
76
-5
Co—
12%
xl04
8
Jan
39
22% Jan
^20
No par
100
—.——100
preferred
Green Bay &
49
23
,11%
;
4%
148
30
22%
•
14%
14%
4%
146
3,600
60
48%
48
48 7.
26%
153%
*57-
23%
•"•14%
4%
*
*143%
-k ;
11%
■••
14%
14%
■
." 4
J'
60
23
23%
23% :
;
11%
7';
26%
153%
27
26%
*153
60
153
49
27
153
*57;"','
153':.
153
*57
49'
*57
,
26%
153
'60
*152%
Jun
40% Jun
Granite City
10,100
..
Aug
51
3
July
98% July
Dec
107
11% July
18
11%
Apr
Apr
Jan
21
Apr
2% Feb
Jan
53%
Jan
39% Jun
par
No
Grand Union Co
200
-
6%
14%
•
37
24
112
Jun
102
Feb
No par
No
A
Graham-Paige Motors——
Granby Consol M S &,P
26.900
,
4
19
Jun
~6% Jun
Jan
5
16
35
Oct
30% July
par
Outdoor Adv
Preferred
5%'
4%'
■
18%/
*18
37
23%
-
r
■-.,'
16
400
V;
:
v
■.
Jan
9% Jan
51
7
Feb
140
4
No
——No
Goodyear Tire & Rubb
No
$5 convertible preferred—No
Gotham Hosiery———:
No
112%
"
:v
81% Jan
155
•
6
Goodrich Co
6,500
:
4
25% Apr
.
4% May
14%
14
July
$5 preferred
47%
3
51% Feb
Gold & Stock Telegraph Co
102 V8
47%
*109
—
*18%
: 15%
.•
■
23%
*23%
111%
;
52%
4% Jan
11% Jan
49% July
9% July
114
tGoebel
230
52
*101%
48%
111%
47%
107%
*106
53'/a
102
*
5%
18%
•
107%
52
14%
2%
2%
*17% :
■
112
*109
2%
107%
*101%
48%
•48%
*109
*17%
'•
48%
14%
*109
2,100
-
3
13% July
107% Jan
4
Gobel
14,700
4
53%
111%
,
2
3%
102%
14%
112
1%
4
8
3
5
Jan
4% %
2%
24
Feb
6% Jan
19%
18% May 20
54% May 19
Mar 18
Glldden Co
2,900
3%
52%
48 %
48%
7% Jan
7% July
/
102
$6 preferred
51
*49%
51
2
107%
*101%
102%
24%
4
3%
53
52%
*101%
30O
24
11
10
Gimbel Brothers
2,300
2%
1%
107%
•
16%
99%
3
28
\'
Jan
28
21
.«
Jan
1%
9% Jan
,
16
18% Jun
128
—
Gillette Safety Razor
$5 conv preferred
200
.
43% Jun
-100
4%%
10
x99 %
24%
24%
"
2%
5
9
General Tire
16,500
Xl6%
16%
100
*49%
4
108
108
108
24 3A
50%
2
3%
'
24%
51
1%
2
3%
*99
,>
*493A
24%
24
::,
16%
17
100
16%
98
16%
*97%
16:%
*96
103
5
7
Jun
143
par
conv
Gen Time
3,200
*101%
Jun
5
July
3
6%
24%
4%
July
;•
19
General
900
1,300
24%
Jun
20
Jun
General Refractories-
113
24%
24%
24
24%
A
31%
Jan
$6 pref opt dlv series
8,000
29%
Jan
3% Jun
Gen
9,280
26
18%
•
75
Sep
38% July
6
4% July
General Shoe Corp
1
Gen Steel Cast $6 preferred—No par
9,280
24%
16%
10% Feb
.-5
—5
par
Dec
17
10
41% Apr
105
par
5
Feb
29%
126
6 %
21,600
82%
113
30
113
85
25% Feb
7
17
15% Dec
50
'
Railway Signal-.
No par
preferred
—————100
24%
*83%
par
Gen
25
*28%
*102
12% Jan
3,000
25%
26
29
24%
20
5
Public Service
82%
81%
29
24%
4
Jun
Jan
Dec
May
May
Corp—No par
General Printing Ink—
—1
$6 preferred—
No par
700
25%
29%
3
2% Jan
Gen
:•
26%
*112%
2% Jan
Gen Precision Equip
30
19%
83%
30
114
21
54
6
11
.
4,600
19%
78
113
18
19 %
Jan
5%
14
July
July
Jan
16%
rJun 16
Feb
10%
12
17% Jun
Dec
13% July
39%
5.
Apr
Apr
3,200
24%
26%
718%
23
42
.-No par
Common—
1,200
18%:
19
23% July
9% July
53
9% Jan
22
Jan
Gen
25%
24%
25%
19
Jun
Jan
7
115
200
82%
28
Jan
4
No par
No par
,5% preferred
General Motors Corp...
:
$5 preferred
"i'/a
Jan
3%
29 % Jan
No par
:
30
%
19%
30%
34
;
Jun
Jun
105
4% Jan
Jun
22 Va
36
3
51
39%
Jan
5*
preferred series A_No par
General Mills
No par
'
84,:,
13
103
Jan
15% Jan
25%
15
25%
2
2%
2
81%
.
V.
July
Jan
—100
No par
—100
preferred—:
600
'118
118
23%
29%
13% Jan
—iNo par
preferred
31%
Jun
Jun
July
58% Mar
4
70
43
30% July *5
8% July
5
18
Jan
19%
50%
Jan
109
30% Jan
2%
25
25%
25
118
*112%
29%
66 % Jun
Jan
Jan
Jan
25%
14% Mar 28
No par
—
Gen Gas & Electric A
4,300
106
2%
78%
*26
113
*112%
2%
106
26%
77%
78
26%
2%
19
,
1
5
ho
Corp
$4.50 preferred
300
•
'■■■;.
9%
9%
9%
105%
23%
19
-V
9%
2%
25%
82
11% May
53% Jan
16
Jan
12%
May 13
38% July
5% May 16
Co..
General Foods
A 140
22%
>105%
9%
82
9
General Electric Co
„■
23,700
•-
129
>128%
22%
106
V
65
22%
10%
2
•A
83
23%
23
*26
"2%
2%
3
44% Jun
20
Apr
25% July
98% Nov
Jan
1
A.
cum
7%
40
130
10%
22%
*118
*81
7%
25,000
•'
51%
10%
2%
25%
*118
24% Jan
Amer
$6
10%
22%
25%
2%
.7 25%
25%
13
.
Dec
6'A
Jan
97%
No par
General Cigar Inc
6,100
-
51%
10%
9%
'
414
t
<
10%
*105%
34 % Jan
t
18%
Jan
42
19 '
13
109
july
105% July
29% Apr
3.
Mar 11
104% Jan
1
10
27,200
52
*51%.
52
22%
9%
106
V
126
,165%
-v
26% Jun
3
Class
1,700
3Vv
xll4
129%
64%
S
Jun
41
4
Jan
"2,190
114
*123
126
129%
9%
2%
24%
"123
126
113
10%
109
4
18% May
.
13 % Feb
11,100
:
43%
3%
3'A
65%
22%
15,900
39
*112
114-'
3%
129%
-
*105
*118
114
113%
,
1
28%
."43
.
64%
22%
22%
43%
25
-35% Jan
.
'
129%
51%
51%
10%- *10%
42%
103% Apr
——No
Transportation
General Baking;
;
$8 preferred
—No
General Bronze Corp__
I
General Cable Corp.
—-No
30
147,% .'7:
38%
129%
130
22%
-
39 Va
3%
*113
113%
52
*49%,
147%
38%
27
16% Mar
Gen
13,600
.V.
:■
Jun
26
100
(The)^
Gen Amer Investors
,
-7.400
'
98%'
97%
277/a
*146
65%
*112
,•.,■64%
*128%
64%
128%
;
147%
43%
*123
*129%
114
*129
.,/■. 64%
98%
28
18
51
$6 preferred
v
7%
7
17%!
8
Gaylord Container Corp———i_5
5%% conv preferred
50
•1,600
;.v
9%
10%
18
1.900
{
154%
'
7%
"
97
114
3%
126
11%
39
*113%
9%
154%
"10%
9%
155
27%
147%
42 %
y
3%
*123
126
*111.
43
114
7r. " 3%
3%
'
7
98'A
38%
38%
•-.
114
:< 114%
3Va
i'
42%
42%
-
:
38
5
48%'
38% Feb
Feb
78%
7
23% Jun
19%
Dec
3%
Mar
May
11% Nov
Jan
15
2
——No par
Gar Wood Industries Inc
__1
f
17%
.28
*147.'
147
*146
•:> r",'
13%
106%
48%
9%
7%
-
13%
*105%
10%
18
97%
28
1,200
13%
*152%
11%
7
98
,
11
16%
-
27% "-27%
•
147
-
37%
7
16%
.16
,
97%
28
1
17,500
49%
'
9%
155
*152%
11%
6%
6%
97%
155
>
11%
16
:'v 28 7.,
"
9%
9%
9%
77.155
7%
17%
7
17%
Co
July
Jun
■;
Gardner-Denver
106'A
"
-
11%
Gamewell
300
*52%'. 54%
54%
13%
7
49%
120
17%
17%
17%
*53
*105%
13%
*13%
*105%
,
•
41%
7%
7
18
54%
"
17%
100
No par
.40
preferred
*17%
41
*17%
7%
17%*53
40%
18%
7
7 Vb
17%
54%
6%
1,300
16%
5
42
28
13
5
27
50
(Robert)
16%
16%
Jan
Nov
NOV
18%
5
July
3
No par
cl A
(The)
Co Inc
41'A
16%
41%
*17%
18 Va
V
17
41
16%
7
106%
15%
290
113
4%
*17%
;■48 •*'/ '48%
10%
3,500
41%
7
*53
9
9%
*153%" 155
4.000
6%
'
; 13%
^105%
42
220
..
.
4%
18%
54%
'
■
34
6%
*40%
.17% A 17%
*
41%
113
*112
300
16%
105
33%
4%
18
6%' U7
34
-
4%
41
'
*16%
105
109
33
41
40%
,
113
15%
15%
*40%
40%
16%
*104
32%
300
*• *
10
27% Jun
24
27
preferred——
conv
(5%
4%
15%.
32%
32%
16%
105
104%
105
32%
16%
16%
16%
105
109
32%
300
~
4
3
,93
Food Fair Stores Inc.;
1
Food Machinery Corp
10
Foster-Wheeler Corp
10
6 % prior preferred
25
Francisco Sugar Co
No par
F'k'n Simon & Co Inc 7% pfd
100
Freeport Sulphur Co
10
Fruehauf Trailer Co
1
4% % preferred
100
9,800
21%
*105
5^
290
*13%
Jan
3% July
86
6
Jan
Florsheim Shoe class A
Foljansbee Steel Corp
8,300
*63
Apr
5
29 % Mar
8% Nov
6% Jan
24
20% July
17
Nov
Nov
21
23
Jun
Jan
No par
No par
No par
400
"
8
14%
21%
*123
30 %
64 %
64
21%
7
*7%
14%
'.*63
14%
64
*114
30%
8%
51
24
17
First National Stores—
Flintkote Co (The)
$4.50 preferred
! Florence Stove Co—.
1,800
23%
*14
,
30%
51
A
38% "38%
17% Feb
102 % July
78
30%
17
45
Corp
J
70
18
21
22% Jan
.v
21
14% Jan
Jan
% Jan
24% Mar 21
19% Apr 26
Firestone Tire & Rubber—
,25
4%% preferred ————100
4,200
■
41% Jun
$2.50
Fidel Phen Fire Ins N Y
1.000
#"
Jan
20
1
—_1
700
111
38%'
8
51 %
8%
51
25%
*107%
Enamel
Ferro
2,600
', 700
V
40%
14% Jan
.
900
•
3
68%
19
4% July
3
100
15
37% Jun
18
9% Jan
5
Federal Motor Truck
No par
Dept Stores.!:— No par
■: 4lA% conv preferred———100
*1,190
,
•
25%
257/a
38
100
■
40
-
109
30%
8%
51
40
109
38%
:
108%
-•
25%
111
*108
30%
8
50%
108%
40 :
25%
25%
108%
108%
40
40
Federal-Mogul Corp
3
33% Jan
—2
; Federated
78% Feb
15
21% Apr
-
.No par
Federal Min & Smelt Co
'
300
49%
38%
*146
2,000
23
*38
7
1,500
>.••
23
38
*53
7,800
27%.i
-
Corp
$6 preferred
60
,
<
9%
27%
98%
25%
7%
9%
-J
20%
'
23
108%
50
9%
27% »-27%
*20
9%
j
98%
38
7%
23 'A
98%
107
50
16%
102%
%
23
237/B
39
*
16%
102%
23%
106
*29%
800
16%
23%
9 8'A
x50
-
102%
,
27%
•
108%
32,900
23%
10
27%
98%
9%-
13%
.
Evans
10,400
102%
23%
20%
9%
27%
9Va
■■
"16%
17>
102%:'
-
-20%
20%
*20
78 % Feb
Fairbanks Morse & COi
No par
Fajardo Sug Co of Pr RiCO—
20
Farnsworth Televis'n & Rad Corp_l
Federal Light & Traction—
__15
41
*25>-. '28%
25
4%
4%
24%
38%
2% Jan
Ex-Cell-O
40%
/ 108
2.50
2,100
> 8%
38%
Jun
3
36%
24
'
Jun
14%
36%
,'i 27%
*23
9%
5% Jan
36%'
40%
'C-
3% Jan
15% Jun 29
36%
24
20%
10% Jun 26
18
36% r
•
40%
*19%
19
9% Apr
21% Jan
Eureka
2,300
23%
102%
23 %
6% Apr
5
.4,200
41
*22%
—5
14%
23%
;
CleanerCo——,
14%
4%
13
I
Vacuum
10
14%' "14%
f
per share
Products
Erie & Pitts RR Co-
86%
10
15%
4'A
*16% : 17%
18
*81%
10%
4'A
*101%
.
10'/8
Highest
$ per share
50
86%
36%
12%
"
86%
9%
Lowest
# per share
J per share
Par
Shares
14%
■' / 4%
108
*81 %
,
Year 1043
Lowest
10 %
36%
23%
•
S per share
Range for Previous
Range since January 1
Highest
STOCK
EXCHANGE
the Week
<
'81%
.
3 6'A
*40%
,
July 7
15
:i4%
.
NEW YORK
Sales for
Friday
,
f -per share
S per share
$ per share
*
July 6
,
36*72
:
4
,
15
-
,
90
10
10
v
""
Thursday
Wednesday
July 5
10 A
*81%
*81%,87%
10
share
per
STOCKS
SALE PRICES
July 4
July3
,
AND HIGH
Tuesday
Monday
Saturday
6%
33
4%
Jun
H
*31
•
*30
*31
31
31
33
*31
33
32
32
30%
30%
*30%
30%
30%
31
19%-
•?
31
.
33
19%
19
19 Va
19 Va
*31
100
,
.230
Hackensack
1%
*
'
*
*18%
:
19%
15%
*106
16
107%
104%
:
•
.
*>
18%
149
For
19%:*
r
104%
1.8%.
*146
.
: 16
*106
*103%
' 16%
•
*146
footnotes
see
19%
16%
107%
104%
18%
149
page
16%
15%
15%
107%
407%
107%
•
104
19.
>146
135.
19
16
>106
104
19%
149
104
18%
*146
19%
10,000
15%", 16%
407%
*103%
104
149
700
,
19%
*144 %
108
104
19%
149
-
Hall
Hamilton Watch Co.
preferred^-
.30
70
5,900
Hanna (M A) Co $4.25
Harbison-Walk
6%
.25
Refrac
preferred..
27
Apr
4
32
July
7
22%
Feb
28%
Sep
25
-10
Water.
preferred class A
Printing Co
28% Jun
26
38
May
5
5
35
Jun
38
Apr
12%
Jan
18% July
9%
Jan
.-No par
15% Mar 13
11% Apr
26
19% July
16% July
3
_100
106
Apr
11
109
Jun
19
pfd—No par
_No par
102
Jun
14
104% Jun
15% Apr
24
—.—.—100
•138
Jan
6
.104% Mar
15%
19% July
150
Jun
5
8
13%
135
Jan
Feb
Jun
110% July
30
—.
16%
July-
144% May
VMonday, July 10. 1944
CHRONICLE
THE COMMERCIAL & FINANCIAL
X
130
NEW YORK STOCK RECORD
LOW
July 8
July 1
July 4
■
J per
$ per share
J per share
STOCKS
AND HIGH -SALE PRICES
Wednesday
July 5
—
„
f
share
8%
8 V'4
8%
S V\
8%
8%
8%
109%
*108%
109%
109%
109%
6%
105%
8%
/3.200
6%
6%
5%
6%
52,600
106%
87
86
*131
133
*131
133
*65
69
*66
70
*118
120
*118 V*
*22%
24
*22%
*22
22%
*22
*85%
23%
87%
133
*131
68%
200
119%
'.300
43%
*16%
16%
17%
17
*16%
16%
17%
17%
-
16%
17 %
17%'
45%
46%
45%
.
44
44
17%
17%
64
64
*110%
114
*111
113
.
113
*111
68 %
68 34
69
11%
12
12 Vg
12%
36%
36%
36%
36%
2 Vis
2%
2y8
2 Va
1,400
Hollander & Sons
:!
3'900
70
70
12%
13%
37%
37
37%
37
37
2%
2
2%
2%
2%
*9%
9%
9 %
9%
27%
28 Ve
*9%
9%
9%
*9%
10 Vg
27%
27 y4
27 y4
27%
16
15%
16%
15%
15 y4
15%
15%
14%
3%
3%
3%
3%
33A
3%
3%
28%
28%
283/4
3%
28
293/a
18%
18%
18%
18%
18%
42%
42%
413/4
42%
41
4iy2
'
19,000
/ •:*
1,200
64%
64 y4
64y4
63%
64%
63
63%
63%
64
64%
16
16
16
16 %
*16
16%
16
16%
16
163/8
240
Xl7%
17%
17%
17% »;-<••
1734
1.100
41%
42%
1,600
*17%
17%
17%
17%
41%
41%
42
423/4
*103 %
103'/a
100
100
160
104
*1031%
%
104
*103%
110%
100
42
42%
*41 3/4
*161
630
104
8iy4
el y4
81%
813/a
81%
82
82
82
81
12
12
12%
12%
123%
12%
12%
12
12%
*7%
8%
7%
V4
78%
174 3/a
.
18%
83%
ll''g
11 Va
/
3%
31/4
:
-
18 Va
183%
18%
76V2
77
77
i/ if/
'
33/4
v:
6
53/4
39%
39%
75
/
75
*120
130
18%
18 3/4
*751%
183/4
183/4
18
-•
•
•
.
:
—
i
,
*343/4
=
*1391/4"
—
—
':
—
82%
83
43%
43%
39%
39%
39%
80
.
130
.-::;•/
—
'/•.
:
,78
*120
:
18%
181%
341%
17%
17%
173/a
17%
a.
35%
36
1
36 %
3112
•
111
'.*95
*108
:
97%
i
69%
69%
£•
;
82%
83
-
-
13%
,
•69%
>
13%
•4
*34
34%
18 3%
140%
37
1,200
100
10
v
/
173/a
36'/2
•
.r^i900
140%
v/Z 173/4
17%
26
363/4
/■
*108
112
96 3/a
98 3/4
*95%
.
25%
26 ®/a
*69 3/4
69%
; 1,200
21% May,
15
16%
Jan
25% July
43% July
7
28%
Jan
40% July
17
5
20% Jan
2,1
13% Jan
22% Jun
4
36% Mar
10
17% July
13
13% Jan
Manhattan—
116"'-
Feb
Jan
4
42
117-
23"
39
May
Ltd
800
85
85
85'/a
85
85
International Salt
a—
International Shoe
;
International Silver—
,/
7%> preferred™—
Intem'l TeJep & Teleg
> '• Foreign share ctfs
Interstate Dept Stores!
Intertype Corp
Island Creek Coal
/ v.$6 preferred
13%
13 3/4
13%
13%
13>/2
: Jarvis fW-B)
,r
-y
21 »/2
21
203/4
21
6
44
Jan
Mar
4
105
Mar
July
7
„7
57% July
.
114
5
4%
Nov
9%
July
41%
Jan
Apr
.2%
Jun
10%
Jan
28
July
68%
59% Aug
3% Jan
30%
>:
%
2% Jun
Jan
Jun
•V
Jan
4
28% July
22%
Jan
29% Mar
4
16%' Jun
28
4%
Jan
4
4% Jun
22
11
Jan
11% July
2% May
6
'
No par
—No par
1
'■
1
—100
;
5%
>10% Jan
/ 9% Jan
26
5
Feb
99% Mar
10
19
70
Jan
78
■ >
v.
14
.16% July
34 i July
109% Aug
".'92% Sep
Aug
263/4 July "5,
•
•
16.
May 25
Jun
95
?66% Jan
X
Joy, Mfg Co_
Jan
Feb
.
100
; 5
4
58
series100
pref series B conv/
.100
•// 5S 'pref
■'
,
'
3-
-20% Jan
—No par
July
37110
84% Feb,15
90
May 8
—No par
RR stamped—100
La,ughlln Steel
181/4 Jun
v.13% Jan -3
•/ 27 h Apr 22
1073/4 Jan 21
1
No par
preferred-
> 3% July 5
4
1% Jan
,
1514 Jan 3
183/4 Jun 30
65., Jan 13
77 " July 6 >r 55% Jan V 67 July
4% Jan.-r 3
6V8 Jun 28 y 3% .Jan/ /./., .6% May
25% Apr 19
32% July 5/. / 25 Nov :. 36% Apr. <
130V Jan > 3
134 -Feb 14/ 129 Dec/,/; 138 / July /
~ vi3% Feb 7
19% Jun 28-V.:;: 8% Jan -/;//'14%,.Dec
66 vFeb 11// 84% Jun'1
45% Jan
. 693/4 Dec
• / 7% Feb
3 /. 12V8 Jun 21 / 3% Jan '//11%-Jun
V s; 68% Jan 4
92 Jun 20
37% Jan : • 71% July
39% Jan 13 / 43% May 24
39 July;//: 44 V Apr. ,
.
"35%'Jan 13 * 39% Jun 27-/ 28
Jan // 38%^^July /
,56% Jan 3
78 - July 6
36 Jan : J,\, 60
Dec
117 - Feb 3
127 Jun 22
102% Jan///115 July /
/; ll%Jan 12,*, 19% Jun 27 , -6% Jan
; .16% May
/«. ll%Jan 1220 • i Jun 27/, : 6% Jan/::/.. .;16% May>15,/ Apr 19 - . 19% July 69% Jan ;;./l8% Sep
15; Jan 4 - 18% July 5 : /10% Jan
>18 > Jun
V-29
Jan 6 v 34% Jun 27
27% Jan//■ 323/4 Apr
138y4.Jan 17 /141 / Mar 15'.;/135 , Jan Vv/145%- Jun.-i,/
No par
Co.
.
■
—No par
—
50
100
No par
,-No par
Johns Manville Corp—
Jones &
1
V"
i743A-.-Jun<:
177 July •
. % Jan A'v v 4% May
li% Jan V 19 Mar
79% Jun 20,, /: 56% Jan
175 July i'vv . - /162 v, Jan
7 -i',
V
673/4 Apr 25
165% Jan 28
^
.115
Jewel Tea Co Inc
2,200
20%
July
July
1% Jan
100
-No par
100
.
1,900
13%
Sep
July
17
4
42%
8% Feb
100
>.
31,000
85
45
Jan
30
%
22% Mar
-No par
J,
;
Joliet & Chicago
:
Jan
9%
17
Jun
10% Jun
?
.
2,500
69%
36%
Jun
11
12
1
"International-Paper' Co
5%/cohv preferred.' Inter Rys «f Cent Am
V/ 5%, preferred—
-
1
69%
Jan
1% Jan
No par
Int Hydro-Elec Sys class A
y25
International Min & Chem
„5
4preferred—
100
International Mining Corp
—1
Int Nickel of. CanadaNo par
V
Preferred ——100
112
„
Apr
Aug
31
28
6
17% July
17
37% Jun
>
„n_No par
\
-.74
4 '/* %
26%
12%
117
21
100
Jan
Sep
30 7/a Feb
,
Aug
5
13% July
'
July
Jun
18
'
71
118
115
7
45
7% Feb
V
7
-
3
Apr
■
46% July
13% Jan
100
.
preferred-!-.
Preferred
2,700
97%
July
70
'
70
V
,
13%
13%
83%
70 Va
26%
26%
84%
:
34%
5.000
18y4
*953/4
«263i
*70
18
97%
*95
253%
25 3/a
25'/a
18 i/a
*108
99
97%
*95
i
■
—-
-
112
•108'
97 '/a
971'e
>
r
18%.
173/4
37
97 VB
i
19
363/4
V,
48.200
<183/4
19%
*1393/4
—
173/4
;
1,600
/v
V 130
183/4
19y2
V
470
>
/-■ f
200
34%
;./
:
,
79
19
18%
*1393/4
,
18%
18%
1,500
1,500
100
393/4
v
*120
18%
*18%
15,800
>
■
46
393/4
*76
410
135
*433/4
•
130
19 3'a
18V4
:
>78
19% r
' 19.
+• -•:.
35%
<
,
84
45
-17 »/4
*103
843/4
103/4
'
35%
83%
1034
1834
—
_J
—
-
i
10%
*34y4
183/4
*34i%
35
10%
833/4
*76%
;
■
*1393/4
10%
83%
18 3%
35
v
18%
39%
18s'a
i
83%
19%,83%
*120
19
19%
18® 8
I,
18%
V
130
183/i.
<
831%
24 300
V
823%
//.
/>
■•/__
Zl
18%
*43%
—
—
—
'v-t
183%
18%
18%
178
*120
f
183%
■■
39%
39%
-
'•••
-V
183/4
10%
—
433i
*43
31 %
*1321%
83%
.-
Jan
Feb
International Harvester-
>4.900
'?>
32'/a
1321/4
19%
14 %
2
63
/£/
/ 400
<
5%
31%
31%
19.
/
„
—
/
78
5%
534
5%
6
J.9% Feb
12.600
3,900 /
3%
18 V4
*75
1323/4
32 y4
31%
132 v 132
r
:■
.U—
..
85
83%
43%
100
-5 700
3,780
^
175
3%
18%
75
„
ill 3/4
.11%
86'/2
*42 3/2
47.100
"
181/4
3%
;•,'/
■
*84
/
.
78%
1743%
174%
.<-<-'•-•
JVv
—
.
—
84
-833%
.
.
19%,
18%
191/4
84
174%
9%
175
:/
*172
77
:
.
133
*132
■>.
132
132
32 y«
31%
i
174%
83/a
9 3/8
V/
79
•
•
-vr
5% '-1-
53/4
.
31%
78
\
—
„
■
6
5%
31%
79
■
173
—
:'V
75
*73%
78
-
173
113%
1131/2
8%
93/4
9%
175
a
23% July
10
1
10
65
v
18%
183%
18%
75
9%
9%
174 %
33%
33/4
33/4/
33/4
18%
*73'/2
8%
V.
77%
*
174%
8%
*172:
174Y4
78%
78
174 V*
8
//'
175
*172
175
113%
8%
9%
8 3%
8 34
8%
383/4
38
38
113%
8%
8y4
.
38
115
12,500
•
ZV? 100
* 500
~
160
' 24,500
8%
*7%
8
*113%
/ *113 V* 115
8
8
38%
*37%
37 Va
37 %
37
115
•172
83/4
*8
8%
*7%
37
"113%
,
-1,500
81%
11%
:
1.200
'
*161
./
Jan
.-t__
300
:
1003/4
1003%
100
100
*161'
*160
*
*17%
'
42
r: 104
104
99%
104
*99%
28%
29
Jan
.
6
136% Aug
.Idaho Power;Co--20
24 Z Feb 25 Z 29% July 7
v
"Illinois Central RR Co
—100 :.. - lO'/aJan 3
18% July 6 /8
Jan ? 16% May •<
Y 6% preferred series A—
100 r 251/4 Jan/3
44 Jun 26 v : 18% Jan A 31% May.
Leased lines 4 %
100
46 . Jan 4
67% Jun ,5 .>
37
Jan
- 48.0 May
-v . RR See ctfs series A
-1000
8 ''Jan 4
16% July 6
4 Jan
13 May
Indianapolis Power & LtNo par
15% Apr 25
xl7% July 5
11% Jan
19% July
Industrial Rayon
No par
35% Apr 14
42% July 7
323A Nov
44%>-Jun
." -<$4.50-preferred A—-—r—No par,
100
Jun 8 : 104 Va Jun 19.—
. ^-_
Ingersoli-Rand.
:
No par
88% Jan 3
100% July 7 • 86%: Nov . - ; 100%. Apr
6% preferred—
100
158. Mar 6-164
Jun 5 ■ .158% Apr
168 * July
Inland. Steel. Co_
—No par
71% Feb 3
82 ' July 5
62 Jan %• 78% July Inspiration Cons Copper
r
20
> 93/4 May 11
12% July 5
93^ Nov
- 15% Apr
Insuranshares Ctfs Inc—
1 V 7%, Jan 28
8% Mar 7
6% Jan
•: 8Va July •
Interchemlcal . Corp
No par
29% Apr 27 * • 38a/4 July 7
21% Jan , .38% July
v/. 6% preferred.:
v
T
100
109% Jan - 27' ' 114%'Mar 13
106 > Jan ,• *- 115 .% May.:
' Intercont'l Rubber—
No par
6% Jan 3 ?;>• 8% July 3
6 Nov /%•.- 9-. Mar
Interlake-Iron
,.
—No par
6% Jan 27
9% July 5 ,. 6 ,, Jan
93% Apr
Int-Business Machines
No par > 154% Feb 29 "175V Jun 16 V 144% Jan
177 Sep
2,500
18%
42%
49
100
Jun
5
Hupp Motor Car Corp
h-itsD coco
Dec
Dec
87
Jan-
68
July
118% July
112
:
20,500
42%
73
128
3
No par
23,900
28%
18%
19
Mar 10
27
No par
100
12.50
No par
Hudson Motor Car__—
18%
18
Aug
29%
Jan
Apr
Jan
&
Apr
172
12%
Jun
Jan
non-ciim
71
Jan
152
Jan
*1
i
Hud Bay Min & Sm
43
28
28
*42
134
"
3%
3%
89
18
54
5%
"5,700
-V
15%
15
v
Apr 24
108
400
-110% July
Jan
25
-No par
Hudson
2,900
v
27%
27
'2,100
•
27% Feb
24
preferred
:_i
_100
Houston Light & Power Co. —No par
Houston Oil of Texas v t c_
>25
Howe Sound CoJ—
_5
50,100
Jan
56%
21
163
63
par
(A)—
Household Finance
900
' - 1,100
.,
Jan
20% Apr
5%
12%
9%
B__—
93 %
'
May 24
75% Feb 25
6
Mar 11
114
preferred.
Class
113
69%
27%
7 %
63% Jan
Jan
Houdaille-Hershey cl A
300
5,400
.
•
3% May
75
Homestake Mining—™
■
6,200
64%
64%
*111
133
12%
2:
108
Jan
10% May
,
128
Holly Sugar Corp__
■
12%
37
Mar 13
160
Oct
1%
'
5
The J
(Del):
(C E)
/.;/
17%
69%
12%
29
'/■ 99
*
Holland Furnace
44
69%
69%
69 Va
'
17%
65
64%
*111
Jun
Dec
_100
No par
Hires Co
1,200
45%
*43
17%
17%
17%
64
7
Jan
6
No
preferred
Hlnde & Dauch Paper Co
\
45%
45%
43%
i7V4
28
109%
86
No par
;
Hershey Chocolate
$4 conv preferred
*116
*116
43%
Z
45 y4
44
2% Jan
No par
200
>
-
64
; :
22%
43%
42%
64
17%
22%
43
43
*63%
17%
22%
*22
22%
*22
29
:25
Motors
200
24
*22%
23%
23%
23%
*116
44%
6%
10
>
*65
*118
16%
„
*43
:
131
131
133
68%
*23%
9% Jun
25
;—100
Co-'_—
preferred
Hercules Powder
>1,000
88
118%
16%
44
87%
*66
16
4434
44%
87
118
<
1
9
28
_
W)
(G
non-cum
Hercules
2,200
23%
*23 %
43.
i6 y4
*116
*43
24%
68
22%
16%
16 Va
*162
121
43
16
*116
Helme
Glass
Hazel-Atlas
66%
15%
15%
■
7%
87
*131.
'■
*118%
121
43
43
43
75
23%
*86%
520
100
106
*74%
24%
'
86
14
5
6% Apr
7% May
4% Jan
8% Jun 27
109% July 5
57/b Jan
104 % Jan
:
Corp
I per share
$ per share
$ per share
1
-
104%
75
*74%
*162
24%
24
Mfg
Hayes
Highest
Lowest
.
100
'
106
106
75
*74
*162
24
23%
23%
8%
6%
75%
*162
*162
~8%
6%
Highest
$ per share
par
^
6 % % preferred
Hayes Industries Inc
>
■
%
..
class A
Hat Corp of Amer
10
106%
Vi
106
*72
75
75
.'
,
8%
6%
6%
104 Va
6 %
104
112
*107%
9
8%
9
9
9
9
6%
1,800
8%
x8%
*108%
*108%
Shares
$ v*r share
$ per share
-V
;
Year 1943
Range since/January 1
Lowest
,
$ per share
Range for Previous
v
EXCHANGE
the Week
July 7
July 6
NEW YORK STOCK
Sales for
Friday
Thursday
tTuesday
Monday
Saturday
70» Jun
85% July
/ 19%
!54
29r
/ 13-3/4 July, 5
Nov
643/4
6
-■»
79
Apr
165 %, Apr-
Dec
8%
Aug
26%
Jan
-
Jan
82
'
Apr
123/4 Jun
f
«
)
K
*
>
*20%
21%
21.
213/a
*20i/a
/
*120
*120
120
'
*120
i
V
11%
_
.
11%
11'/4
36
11'/a
111/2
11%
n%
37%
36%
37»/4
37;
37V4
161/2
17
17
21%
213/4
213/4
21%
*21 J/a
*24%
24%
24%
24%
24%
*16 Va
16%
*20%
21
*24i/2
24%
114%
32%
32%
*20%
20%
*38
39
5%
5 3%
16%
*163/4
21
21
19
19
*112
-
2434
24%
19
19%
19
*112
114%
112
;
193%
112
32 %
20
32%
-33 y2
20%
32%
20 34
20 3/4
*383/2
39
*38
5%
53/4
39
5%
6
1,300
•
*36
19
114%
33
18%
19'/4
*112
1,100
.
33%
*112
22
.
'
'
2,500
19
114%
22,900
20%
*38
6
66%
66%
66
663/2
66%
67
24i/a
24%
24%
24%
24%
24%
24%
*9
22 '/4
22'/4
38
38
223/4
100
38
6%
6'/a
7'/4
673/4
673/4
550
2434
243/a
24%
9'4
*83/2
9 3/4
9'/4
9 3/4
9»/4
93/4
93/4
9V4
343/2
34%
34%
36 Va
36
36 3/a
36
36
36
36 '/a
1,500
■:
v--
35
34%
34%
34%
3434
34%
36
10%
10%
11
Kinney (G R) Co_
$5 prior preferre4
11,000
67%
34 %
35%
.
1,700
-
400
.
Kresge (S S)
;
Co
(S H)
13%
Kroger Grocery &
293/4
19%
3IV2
3
54'/^
*22
' 6%
1
-No par.
——
110
1
273/4
—No par
No par\
& Co„
Kress
2,700
Bak
193/4
131/*
17
20
.111
•
Kresge Dept Stores
2,200
,
,——5
& Co_
(Julius)
■
„
-
10
331/a
I6V2
120Vi
6V2
City P & L nf
cl A——1
Class B—
—1
Kendall Co $6 pt pfd A
—No par
Keonecott popper——
.No par
Keystone Steel & Wire Co/—No par
Kimberly-Clark Corp
No par
1
'
323/4
Kan
Kelsey Hayes Wh'l conv
700
IV
24%
"
67 3/4
35%
Kayser
8,400
17'/a
-
.
.
36
11%
37%
'
,
ll«/4
37
11
U0
ser-B—No par
Kansas City Southern,
—No par
4%. non-cum preferred—
100
Kaufmann. Dept Stores
—1
1,300
*120
_
Kalamazoo Stove & Furn—
700
vZ
31V2
21% July
Apr 27
Jun
124-
15
Jan
3
-
Feb
x\23A
Jan
121
Dec
5
25
Apr
17
Sep
17
Sep
29
14%
Jan
24% May
29
8%
Jan
16% May
17% July
Jan
4
6
Jan
25
243/i Jun
26
19^% Jun
19
6
21% July
May
33% July
5
Jan
7
22 »/4 July
6
Mar
4
•
-
Feb
17
28
70% Jun
2
Feb
11
25% Jun
25
9% Mar
10%
11
10%
10%
10'/4
103/4
88
87%
90
90'/a
913/4
660
29%
29%
29%
29%
29%
.1,700
89
871/a
88%
87%
29'/a
293/4
29V'4
29%
*24
24%
24
24
*431,4
43%
43%
43%
44
44
10%
10%
10 Va
10%
10%
30%
31
*88
29:ta
10 Va
30%
*30
124
124
*23V2
30%
30%
61/4
6V4
61/4
6%
6%
2
2'/a
2
2 Va
2
24
*43%
10%
43%
433/4
500
10%
10%
10%
18,000
30%
~6%
61/2
2%
1%
2%
2
24%
25%
25%
26
25%
34
34 Va
34%'
34%
34%
343/4
*20%
21%
213/4
211/4
*42%
43
No par
5 ./
—
Portland Cement
preferred
Lehigh
4%
Co
1%
-
50
Valley Coal—a.—No par
conv preferred
——50
8,700
Lehigh
6%
25
25 3/a
5,400
341/a
3 4 3/8
2,900
Lehman
Corp
(The')
Prod Corp
1
21 3/4
213/4
500
Lehn & Fink
41%
41%
42
800
51%
52
52
52%
52%
53
52%
523/4
3,800
8J4
29,800
—No par,
Libbey Owens Ford Glass-—No par
Libbv McNeill & LJbby—'
—7
Z
7%
47
*81
82®/
*83
83 "2
*180 Va
*30%
39%
footnotes see
8
8
8%
*46
46%
4G3/2
463/2
200
Life Savers Corp
—8
82 y4
82%
82%
300
843.4
1,100
Liggett & Myers Tobacco
Series B,
—
-25
-25
8%
83
83'%
83%
83%
843/4
181%
1813/a
*1801%
.84
1813/a
*180%
181%
31
30%
30%
30%
30%
303%
31
393/
40
40%
-0%
405/a
40
41%
181%
page
135.
Stores Corp
47
82
*82
Lerner
;
—5
21%
-
30
400
7,100
Preferred
—-
Lily Tulip ..Cup Corp_—
Lima Locomotive Wks
100
-No par
_No par
.
Sep
2 3/4
Jan
10%
Apr
23%
Jan
32%
Sep
July
5
;
7
36% July
29% Jun 29
Jun 19
Apr 24
-k 44% Jun 26
Jan "3
10/a July 5
21
Apr 26
31 July 5
113
Jan 7
125/2 July 6
4% Jan 3
7% Mar 21
i%Jan 29
214 Jun 30
15% Feb 4
26% July 5
29% Jan 4
34% July 5
18y4 Jan 5
21% Jun 21
36% Feb 14
x43 July 3
42
Jan 3 - 53 July 6
6% Apr 24
8% July 5
.
26%,Feb
36
3
Apr 25
48Ya Jun 27
83% Jun 27
86% Jun 26
181% Jun 2?
31% Jun 27
4314 Mar 16
323/4 Nov
/ 24% Feb
Jan 17
May 31
38
■' 39.
Jan 8
68 % Jan 3
67% Jan 13
174% Jan
8
6% July
Jan
7
4
24
Apr
July
58% July
4
-
34
'
24%
Jan
13
Jan
Jan
Jan
104
Apr
18%
35
9% Jun 3
62
Jan 14
'26; Apr 17
17% Jan 19
35%
: 20% July'
343/4 Jan
8
100
conv
Lehigh Valley RR—
10
-25
41%
82%
For
1/
!
21%
8
39'%
Bryant
Lee Rubber & Tire
42%
47
31.
Lane
Lehigh Coal & Navigation
213/s
7%
181%
(The)—
Lambert Co
42%
*45i/a
*39
v
preferred
*21%
8
*30%
r
5 %
43
84
181 %
100
13,000
100/
100
—No par/
Laclede Gas Lt Co
x42 %
47
84
1,800
2
34 Va
*81%
30 3/4
127
638
253%
52
*125
6% '
34 3/8
7%
30%
20%
125%
63/a
25V4
52
24
*23 I/
44
26%
*45
200
-
24
125%
*125%
125
124
24
700
.V
Jan
25
<
11
113
Jan
15%
-
10
Jan
Jan
/ 28%
38% Jun 28
7% July 7
Jan
7%
102
8
9
115
Apr
293/4
19
Jan
Dec
Sep
Aug
Jan
4
Feb
May 18
10%
11% Jan
Jan
Jun
19%
127
5% Jan
14% Mar 28
393/a Mar 11
9%
16% May
Jan
35
:
Jan
73
Oct
17%
Jan
29%
Jun
113/4
Jan
19%
Jun
26%
Jan
39%
Oct
'
Dec
9
Dec
Jan
29
107%
Jan
120
July
July
2%
Jan
8%
20
8% May
2%
J| Jan
11%
Jan
20 3/4
24
Jan
32
14%
Jan
22%
Jun
Jun
July
Jun
38 3/a
Dec
43%
Dec
23%
Jan
31
Jan
5
Jan
30
Jan
41
July
62
Dec
71
July
'
8% VJun
73%
62% Nov
171
22%
"24
Jun
Dec
182% Aug
Jan
283/4 May
Jkn
.
44
May
FINANCIAL CHRONICLE
THE COMMERCIAL &
Number 4297
[Volume 160
131
RECORD
NEW YORK STOCK
'
SALE PRICES
LOW AND HIGH
v
$ per share
*40%
21
27%
28
16 'A
66%
$ per share
shore
41%
*40
41%
*20%
$ per
20%
27%'
16%
66
51
50%
10%
10%
31%
31%
>
mmtt
31%
rnmm
"
-
••
'•
."
•
51%
10%
16%
16%
67
2,200
Loew's
51'A
51%
1,600
Lone Star
10%
10%
10%
3,400
Long Bell Lumber A
31%
31%
31%
31%t 31%
700
23%
23%
20
19%
20'A
159%
86
86%
28 %
28%
29
29
/ 7:>
..
*
;
159%
23%
1,600
89%
Lorillard
40
500
23%
86%
23%
23%
88
88%
29
29%
23%
23%
87
%
*88%
.
.
—No
Inc
Cement Corp
_JVo par
10
Co
(P)
-
$
Jan
3
100
Lowest
Highest
$ per share
share
per
42%
22'A
28 ■
18%
67%
51%
12
31%
20%
162Ve
6
4
13
7
1
24
3
151
Jan
5
20% Jan 12
69% Jan
3
—No par
& Nashville
share
> 17% Apr 29
100
Louisville Gas & El A
Louisville
28
25
-
preferred
7%
•
par
No par
Biscuit
Loose-Wiles
4,800
159%
86%
23%
86
Lockheed Aircraft Corp
-12,500
159
19%
159
99
23%
No par
1
66'A
10%
20
Liquid Carbonic Corp
16'/a
66%
51
19%
No par
Year 1943
Highest
37
Jan
18% Feb
19% Jan
14% Jun
58
May
40% Feb
8% Jan
No par
27
16%
67
$ per
Lion Oil Refining Co
800
Range forr Previous
Range since January 1
Link Belt Co__^
3,300
'
51%
16%
*157%
*
•
'
■
Par
67'/a
27
■41
'
Lowest
26%
27%
27'A
•
'
STOCK
YORK
EXCHANGE
300
22
*31%
''
•7
••
'
•
42-
21%
10%
'
'
■
19%
160
*158%
160
158%
19%
42
21'/a
51
.
.
'
19%
19%
42%
21%
67
10%
*31
*41%
16%
50%
10%
41%
27%
66%
50'A
"
16%
66%
—-
STOCKS
1
Shares
share
21% * 21%
41%
—
—
27%
16 Va
■
—
21%
*
the Week
July 7
S per
•
NEW
Sales for
Friday
i.
$ per share
$ per share
/>:
i
July to
July 5
July 4
July 3
July 1
Thursday
Wednesday
Tuesday
Monday
Saturday
y
$ per
share
Jun 27
May 17
July 1
Feb 24
Jun 29
July 5
Mar 21
34'A
Jan
43
12 %
Jan
15'%
Jan
21% July
21% Jun
12Va
July
July
Nov
25% Mar
42
Jan
64 % July
37%
Jan
51%
6%
Nov
11'A May
3
18Ve
Jan
31
Oct
July 7
May 4
Jun 26
16'A
Oct
21%
Jun
14H Va
Jan
15%
163% July
22 y4 July
Jan
bo-h
24
90'% Mar 17
Jan
Jan
79
July
'29
May
M
1
'■>
43%
43%
44
43%
44
*137'/a
43%
35%
35%
'
35%
36
35%
36
36
36%
105%
105%
105%
*105%
105%
*105%
105%
16%
104 %
*15%
16%
16%
16%
*16
16%
*16
17%
18%
17%
18%
18
18%
18
"15%
13
18
"365
400
8% >
8%
8%
13%
*12%
13%
3%
13%
13%
22%
600
3%
3%
3%
3%
3%
3%
8%
8
8%
8
8%
17'
16%
>'
19%
17
18'A
18%
17
16%
17%.-
Market
22
22%
58%
8%
..
22 %
r
58%
58%
59
>
8%
8%
9
22
22'%
7%
May
900
>
8
8
-
*109%
20%
*112%
31%
31%
31%
*31
31%
31%
•'19%
19
18 >A
18%
19
54%
55
55
55%
55%
24%
24%
>*94
>.
*113%
115%
*113 %
11%
ll'A
95
95
*94
95
88%
*83%
88%
95
88%
*83%
37
37%
37
37%
13%
13%
13%
13%
47%
47%
47%
47%
47%
47%
32%
32%
32%
32%
32%
33
30%
30%
31%
31%
31%
7%
7%
7%
7%
26%
26%
26%
13%
••-13%
36
36
130%
■'■>>•
8
8'/a
V
27
27%
.
v.' *37%
'
38
37
37
36%
130
31%
37%'
*129%
130%
52%
'52%
52%
52%
52%
53
53
41
41 %
41%
41%
42%
41
*10%
*110%
*107%
*107%
108
8%
112
8%
3% ■:>
3%
15%
16
39%
38%
39%
21%
21
21%
15%
'
86
85%
86
86
86
116
*113%
*116
117%
*116
117%
*116
*110%
112
*110%
112
600
500
-
85% <
>1,300
>
10
*115'/a
116
117%
*110%
112
*110%
112
46%
>47
*39
40
f'X- *23
-24%
24 ;
24%
24%
24%
22%
22%
22%
22%
22%
33
32%
33%
32%
Morrell
100
22%
1,400
Motor
33%::
2,200
Mueller
76%
'
.
*86 •"
87
•
" 23%
24%
24%
24
•'
24%
77%
77%
76%
77%
114%
*113%
116%
*113%
13%
13%
.13%
13%
49%
*48%
49%
*48%
49%
%
%
%
%
16%
17'A
17%
17%
13%'
23%
20
13 >. "13'/a ;
16,300
49% <>
*48%
5
—1
Wheel Corp
Brass
Co.:—
;
15
315
Nov
9'% Jun
27
151/4
Nov
21
3%
Dec
24% Mar
320
Jan
Mar
8%
Jun
13% July
6
•6'A
Jan
12
Sep
7
14'A
Jan
19%
Apr
3% Jun
30
1%
Jan
8'A Jun
27
4% July
3'A
Jan
17'
9
Jan
27
9%
Jan
*17
July
20% Mar 27
14%
Dec
24
May
3%
Jan
21
May
17 V4 Jun
8% Jun
3
29
5
29
Jun
20
2
22% Jun
27
19%
6% July
18*4
51% May 17
-
Nov
Jun
43 'A July
32
•
July
27% Mar
Jan
24
165
Jan
176
59% Jun
15
37
Jan
60
2
4
6
10
175
7
110
9
July
•
41
•2%'
;7
July
3
Jun
Feb
36
110
12%
13
Jan
11%
28
Aug
Sep
7'A May
>
Jan
100
7
112% Apr
21
Jan
21%
7
Jan
27% July
5
13
23
Apr
7%
31% May
22
Jan
4
32
Apr 27
Feb 29
Oct
Sep
Aug
Jan
17%
Sep
Jan
104
22 %
113%
Jun
16
19%
Jan
Oct
29
Sep
19% July
6
8'A
Jan
16% May
Mar 20
55% July
,6
38 V4
Jan
50%
Apr
May
25'A July
5
14'%
Jan
25%
Jun
~6% Jaii
11%
.
1
101.
July
13% July
Apr 18.
Feb
9.
114
;
6
Jun
95
Jun
37 Vt
.101
Feb
6
Jan
10%
Apr
July
115'A Aug
67%
Jan
89
Feb
30
60
Jan
78%
Sep
3
27
Feb
34% July
12% July
6
4%
14'A Jun 26
-
Sep
9
.5
July
85
•
5
11% July
48 Va May 18
33
Jun ?6
32% July
Jan
25
:
-Jan
42
July
23%
Sep
32% Mar
26
7
Jan
34'/a
Apr
Apr
5
5%
Jan
9%
28
July
7
18%
Jan
30%
38
July
5
20'A
Jan
31%
26
106'/a
Jan
128
July
Feb
110
Apr
Nov
113%
Feb
8'A July
130% Jun
Apr 26
Mar 13
May 3
May 22
Sep
Jun
58% May 29
42'A July 5
.
15
107
Mar 17
107
110 Va Jun
112
108% Jun
;
,5
''
6'AJan 19;
93'A Jan 13
17% Feb
5
2'/4Jan
3
8% Jan
3
29
20
Jan
3
•< May 20
> 74% Apr 25
111% May 22
115
Jan 27'.
107% Jan
41%
35%
21'A
15%
16%
26'%
4'%
>
1
B
preferred
No
Munsingwear Inc
—No
Murphy Co (G C)
No
4%% preferred
Murray Corp of AmericaMyers (F E) & Bro
No
l.ioo
■
36'A
105
108'%
107%
50
^
$7
1,000
•
116%
*114%
>>• >
49%
*48%
40
*76%' .78
%
16%
:
116%
13
13%
86'/a
;
Essex
Mullins Mfg Co class
9,700
86'A
77
77
114%
116%
87
87
-8%
8
8%
8%
24%
24%
24%
9
8%
88
88
88
>
,
'.Motor Products Corp———-No par
1,800
;
-
9
&
Morris
3,650
33,;
33 <■
8%
Jan
5
Jun
22% July
27'% Jan 13
116% Jan
4
46
Apr
4
No par
No par
No par
series C
Co
(John) & Co
v
'• V 24
1st preferred
cum
22%
22%
33 >.■
'
28% >
28.-.
28%
28
'
No par
Products
Montgomery Ward &
14,600
47 ••■;!•■■
5
10
;
$4 preferred
•46%
40
*39
28%
.
24%
,,
21%
45,900
••
*116
40
28%
28%
■»: 21%
:•>■> 85%
70,000
■
16
38'A
115'/a
47%
*39
40
ioo
5,700
4'A
15%
117%
115%
116
46%
47%
46%
28
10
5
18% July
Jan
4
Mar J,..;
Jan
3
• Apr 25
24% Feb 4
>
.
9,000
>:
'22%;'.:
4
40
v.,
38'A
V.
22
85
80
p:
111
22%
16%
38%
21
i
'
8%
38%
21%
-
*113
*37%
'J,
*108'
4%
4
16%
3,300
108
22%
22
4%
3%
*39
112
87/a
14%
900
53
-5
2
-100
Minneapolis & St Louis Ry—No par
Minn-Honeywell Regulator :
3
4% conv pfd series B—
100
4%% preferred series C
-100
47® preferred series D—
100
;•>."'> •■'
''Minn Moline Power Impl-.
1
$6.50 preferred—
No par
Mission Corp
10
Mo-Kan-Texas RR
No.par
1% preferred series A
100
Mohawk Carpet Mills
20
Monarch Mach Tool
-'-No par.
Monsanto Chemical Co
——10
$4.50 preferred ser A
No par
Preferred series B
i.No par
8%
130
41%
108
>;*>'
109%
21%
Midland -Steel
1,000
130'/a
112
109%
21%
21%
21%
Copper
Co.—;
V Mid-Continent Petroleum
11,800
40%
112
9
*109
Miami
7,700
-
53
108%
*107%
111
8%
9
*109%
>
108
108
>
6
16% July
391
37;
25
27
6
No.par
Mln Trans Co-
Machine
*109%
112
112
112
112
coitv
Merch &
Mesta
37% V
37'/a
130%
*109%
*109%
*109%
*110%
105% July
112'% Feb 9
8
Jan
3
82
Jan 4
70
Jan 3
31% Apr 28
8'% Jan 4
,
—1
50
(The)
1st preferred—
1,100
8
41%
5%
330
Co
Corp
7,400
28
53%
40%
Mengel
27'A
130%
*129%
130%
130%
100
No par
No par
No par
1
series A
preferred
6,700
•' 7%
1
*
$5.50 pfd ser B w w
Melville Shoe
32% >
32
■>>''
$6
10
32%;
*31
No .par
Co
•
47
21%
A.87
10 *
18
preferred
1,300
47 :.r>
*46%
-
32%
31
8%
27
47%
47
conv
13%
,yv>, 13%
A: 32%
•
6%
—5
Mead Corp
: 6,800
27
14
•:
No par
--i
Stores
37
37
37'%
preferred.
McLellan
1,700
11%
13%
26%
$4
115'A
10%
36%
26%
Mclntyre Porcupine Mines
McKesson & Robbins Inc.i.
200
11%
13%
;
McGraw-Hill Pub Co
10.300
*100%" 101
115%
1
McGraw Elec Co
'
13%
36%
7%
■'
*13 Vb
•
37
30%
-
preferred w w
500
v>>:
24%
13%
*94
90
conv
.
♦
1
100
-
600
19
/■
24%
13%
*83%
95
*83%
90
*83%
11%
11%
11%
•95
*94
*113%
115
*113%
115
>11%
11%
13%
>
5%
'
JlOO
10
No par
Corp
700
31%
*54
101
101
100%
13%
*100
100%
13%
13
13%
*12%
24%
23%
*100
preferred
preferred
McCrory Stores: Corp—
,12.100
•
55
'19
25
101
*113%
"V
55%
25%
23%
23%
*100
31%
■19%
18%
>
*53%
'
115
25'A May
19% May
170
Mar
52% Feb
• 4% Mar
32% Mar
106% Mar
19% Jan
16
Jan
109% Feb
No par
No par
1st cum
McCall
par
30% July
,
55
*18
$6
70
1.500
20
*112%
115
*112%
116
20
20%
20
20%
20%
116 >
31%
31%
;
20%
*112%
116
$3
1,100
41 '
27%
27'A
27
27
_No
preferred
Department Stores__._
Jan
3
4% Jan
37'A Apr
par
j.__1 ;;
Co,
Maytag Co
411,300
110
110
*110
27%
*26%
:
20%
*20%
*112%
41
40
39
40
40
*110
27%
*27
27% >27%
»
6
40
39%
*109%
40
*39%
;
No
Mathiesori' Alkali Wks
1,100
*175
""
8
Elec
Master
6Ve Jan
—No par
Corp_,
Jun
19%
12% Jan
5
13% Apr 27
16'A Jan
3
-
—1
Co
Nov
37'A
2% Jan 19
No par
Corp
Martin-Parry
Masonite
29'%
8'A
8%
4,100
1,700
,
58%
58%
8%
6,900
r
7%
46%
*175
58%
58%
7%
46'/a
22%
22%
*175
*175
58%
*28%
29
22
22%
*
47
47%
*28%
29
7%
47%
7%
8
7%
47%
L)
(Glenn
Martin
"
'
8
48
*28
19%
19%
19%
19%
19%
19'/a
19%
7%
25
Field & Co
Marshall
.13,500
138%
Jan
10% Feb 14
18% Feb 24
par
i_l
Midland Corp
5
St Ry 6% prior pfd___>100
Marine
-4,190
July
28
Jun
6
Jan 12
,
Maracaibo Oil Exploration
20.200
,
18%
133
20
38% May 27
9
315
Jan 21
6% Apr 24
__1
No
Bros—;
26
Jun
14% Jun
__10
50
Jan
Apr
44
3
104
14
20%
6
139
27
27%. Jan
.
29% July
6
Feb 21
34% Jan
No par
Manhattan Shirt
6,500
8%
8
18%
16Va
18%
19%
*175
58'A
Mandel
1,100
22%
47%
2.8%
*22%
13%
22'%
J
47'/a
*28
13%
22%
.19%
8
8
13%
22%
16%
19%
19
47
8,400
9
13
18%
16%
16%
.'%> 8%
9
.
22%
3%
8
8%
19%
400
*365
Square Garden
Copper:
1
Mahoning Coal RR Co—
Manati Sugar Co__
Magma
2,100
)
135
.
No per
_100
Madison
100
>
22%
3%
3%
8
19'A
16%
18
13%
-*22%
22%
*22%
8%
9%
9
9
400
*365
400
*365
*365 i-: 400
100
-
100
No par
Macy (R H) Co Inc
4%% pfd series A w i
*5,200
25% Apr
10
Forbes
&
preferred
6%
Mack Trucks Inc
2,300
-
106'A
*105%
MacAndrews
900
;
43%
35%
43
35%
*
*137%
43%
43%
'
29%
*137 %
*137%
"137 %
*29
29%
72
> 20%
70
112'A
8%
43'%
par
par
par
100
10
par
5
Apr 26
Jan 11
Jan 4
Jan
3.
Jan 7
Apr 19
Jan 4
Jan
Apr
May
Apr
Jan
Jan
3
29
24
11
3
5
9'A Jun
3";Jan
23
8%
Jun
30
64%
Jan
98
July
22 'A May 27
13%
Jan
.25
July
111
Jun
4% July
%
5
16% July
Jan
3% Mar
5
3%
Jan
11%
Apr
39% Jun
26
17%
Jan
30%
Nov
21% Jun
5
86'A Jun
27
Dec"
75%
92%
Jun
Jan
24
113
Dec
119
117'% Jan
14
116%
Dec
121
111% Apr
26
106%
Nov
48% Jun
19
33'A
Jan
5
29% May 31
24% Jun 27
31%
Jan
39%
13
Jan
27%
Jun
9'A
Jan
17
Jun
22% July
117
39% Apr
Mar
Apr
114% Aug
50
July
5
11'A
Jan
18%
33'A Jun
28
21%
Jan
31
9'A Jun
29
2%
Jan
7
Jun
Oct
Apr
Mar
'
30
53
Jan
3
15
Jan
23%
77% July
5
62
Apr
79%
116% Feb 24
111
July
Jun
77
24% July
88
Jun
Jun
Sep
117
Aug
13% Jun 29
5'/a
Jan
11% July
49% Jun 29
34%
Jan
44
Feb
N
16%
>:'V
%
16%
17%
16%
'
37
*36
190
'
36
36'A
36
37
"36%
36'%
17%
18
17%
18
18%
18%
18
18%
18%
18%
5,000
12%
12'%
12%
12%
12%
12%
11
U*/4
11%
11%
,9,300'
36%
*36
•
12%
12%
22%
174
12%
12%
12%
12%
12%
22%
f
12%
22%
12%
12%
13
13
22%
22%
22%
22%
*172%
174
'V
20%
*20
19%''
'
12%
2,300 *'
23
*172%
•
"
11,200
400
176
600
20%'
20%
*19%
20'/a
20
1,800
12%
22%
176
*172%
176
-
19%
'
22%
174
'' 174
12% 7
12
12%
12
12%'
12%
*19%
14%
15
74,300'
15%
15%
14%
15'A
14%
15
14%
16'/a
32%
32%
32%
32%
32%
32%
32%
32%
31%
32%
4,900
17%
17%
*17%
17%
500
13%
13'A
13'A
13%
4,200
23%
24
23%
24
9,900 6
*17%
13%
23%
'*17%
17%
17%
17%
13%
13%
13%
13%
13%
24
23%
24
23%
24
17%
17%
17%
12%
12
12
17%
18
•
'
.
*11%
34%
*31 %
13%
-
24%
*171
35
34%
*148%
*22
17%
*11%
32%
34%
32%
13%
•
150
'
>•
*171
*
98%
98%
24% A 25%
99
25 'A
'
,
150
;
:
34o
*33%
>
•
24%
172
6%
*■>•
65%': •"
65
65
16
16'A
30
30
*86%
87%
87%
88
*92
93
.
'
*92
8%
10%
10%
16%
,
V
*8%
.
22%
'•,*21%
33%
*32%
34.:,.
>:
66
16%
.
28
28%
„
*99
.
66 Ve :
66%
65
*64
64%
110
109
109%.
*64
*109%
16%
29%
29%
87%
87%
87%
877/a
'87%
94 %
92%
92 Va
"93%
8%
8%
8%
9
11%
10%
16'A
16%
16 %
*99
108
30%
20%
14%
14%
103'A
103%
103%
40%
40%
103%
;
4c%
For
footnotes
see
40%!.
page
*103
40%
*64
64'-.
'
108
1,700
31
200
;•
108
v
70
104
.40%
'
31%
20%
14%
14%
*103 >
30%
30%
21%
14%
>1,900
.
*103
40 %
104
40 %
21
-14%;
104
40 Va
40
135.
I
7.200
3,000
200
1.600
coriv preferred
Natomas
Co
i
^
l'
'
•
;
.
r
tt
,
-—No par
31
4
18
1
17
3
18
17
11
3
29
5
3
25
5
11
-7
25
18
19
5
7
•&
-4
8
-4
6
5% Jan
9
Mar
3
4
3
•
13% Jan
—1
4%% conv serial preferred—100
Newberry Co (J J)
—-No par
5% preferred series A
——2100
"
22
Jan 4
96% Jan 12
56
Jan
4
Neisner Bros Inc
10
Newport Industries-—
——;—1
1
Newport News Ship & Dry Dock—1
.$5 conv preferred
--No par
•
9
Feb
87'A Jan
19^ Jan
164
Feb
141
Jan
17% Apr
28'% Apr
•
5% Feb
57% Feb
11% Feb
25% Feb
79'/4Feb
83'% Jan
5
3
.8
No par
Nehi Corp
>
Jan
:
No, par
National Tea Co.
'
101% V
> 64%
'
14%
•
9.500 '
'
20%
21%
•
!
-7.300 4
17%
*107%
31%
32
-1.300
25
(The) Pa——-10
!
"—40
5%% prior conv preferred__--10
6% prior preferred
>-100
$2
•
30
10% "
-
*99
*" 101%
64
64
109
30%
8%;-
*30 1
31
31
31
101%
64
20%
.
93%,'
Corp——
Nationai Supply
1,200
520
preferred ■
No par
Lead Co_
L_10
preferred A—i
T——-100
6% preferred B
-—'-100
Nat Mall & St'l Cast Co_
No par
National Oil Products Co
J— -4
National Power & Lt
-L—No par
7%
National Steel
10.900
87%
.
10%
11'/a
16%
109
14%
14%
:
4.000'
.
.
29%;
4
>
*99
30'A
20%
14%
.
•
16%
20%
31
20%
65%:
29%
I—1
•
23,800
•16'/a 7V 16 Va;
'16'A
•
*30%
<
300
:
National
-
2,100
6%;
65%
66.%
16%
29%
29
101%
> v.
32%.;-.
'6%
•
101%
•
140
•
28
.
;—1
$4.50 conv
270
8,700 :
.
Inc
National Gypsum Co
13,100:
22
32.7.
6%
29%
10%
10%
14%'
98%'
'
6%
7
:
400
*148%: 150 :• :
150 >'
8%
8%
16'/a
.
9,100"
24'A >-24%."
*148%
*92%
93
10%
>
16%
27%
100
.;
*171%! ; 172%:
16%
;>>
•1
.,98%
24%
29%
16%
29%
13% :
'-21 %
150
6%
15%
*99
1,600
:
•
35%
33
;
33
«
7
29%
A
172%
'
6%
•
33
22%
*148%
■
-
•
33
22%
•
22%
'22%
:•
172"
*171
172
4
*148%
>
■> 35%
357/a
33
13% -,14%
98%
''98%
14%
'
*32% ;-33%
8%
12
35%
35%
33
14%
:•
14%
>
' -"■>24%
23
64%
17%'-
*11%
'
13%
'
"*98
24%
6%
*17%
12
17%
12%
33
35
32%
'■ 172
17%
17%
*11%
'
•
99
'99
;
'
.
Co
Acme
Nat Automotive FlDres
Newmont Mining Corp
New York
Air
Brake—
Nn var
%
Nov
5
6%
Jan
15'A
Jun
19
23'A
Jan
40%
Apr
13
Dec
19%
Apr
10
17% July
37% Jun
13% Jan
9 J Jan
6% conv preferred
;
10
10% Jan
National Aviation Corp5
9% Jan
National Biscuit Co_.
10
20% May
1% preferred
100
165
Mar
Nat Bond & Share Corp—No par
18 5 Feb
National Can Corp—
-10 >
8% Jan
Nat Cash Register
•—No par
26
Apr
National Container—
r—1
12% Jan
National Cylinder Gas Co
■'—1
Xl'l'A Feb
Nat Dairy Products—
No par ; 19'% Jan
National Dept Stores
—No par
13'A Jan
6% preferred
10
11% Jan
Nat Distillers Products
No par
30'A Feb
Nat Enam & Stamping——No par ■>
26
Jan
National
•
5
100
—1
% Jan
ft Mar 30
11% Apr 24
No par
Liouidating Co
Nash-Kelvinator Corp
Nashville Chatt & St. Louis
43,200-
17 ; •
,
Nabco
1,300'
Vb
105 ,
27%
16'A
13
97
Mar 17
Apr 4
Apr 24
Jun 8
Jan 5
35'% Apr 25
18% July .6
1%
Feb
12% Jun
27
5'A
Jan
11'A July
13'% Juil
27
8'A
Feb
12'A July
8'A
Jan
15%
Jan
23
Jan
176
19
12% Jun
22% Jun
175
28
162
13% July
July
Apr
21
20% Jun
19
16%
Nov
21 %
17'% Apr
32% Jun
18
51/4
Jan
10 %
19
18%
Jan
29%
Dec
17% Jun
27
10%
Nov
13 %
Aug
14% May
21% July
3
9%
Jan
24
Jun
27
14%
Jan
18
Jun
16
6%
Jan
12
Mar 15
13% July
Sep
Jun
Sep
15%
Sep
12
Dec
37% May 24
*25'A
Jan
36
Dec
26
17%
Jan
29%
Sep
Jan
11%
Jun
90%
Nov
20%
Dec
33% Jun
14% July
100
Jun
9'A Mar*
8
5
70V4
Jan
14
Jan
160
Jan
178% July
Jan
150
Jun
14%
Jan
22
May
27
14
Nov
36
25% Jun 27
174
Apr
10
150
Jun
14
137
23
Jun
27
34
Jun
28
Jan
'
-7-
2%
•
Mar 13
66% July
52
6
16% July : 5
•
Jan
7%
Jan
5% Jan
V
Jun
64% July
15% May
30 Va Mar
16
141/4
Jan
28%
Jun
88
30
57
Jan
80'A
Jun
62
Jan
88
Jun
Jun
'
93 % July
7
9'A Jun 26
11% July
•
2%
6
17% July
9%
7
5
July
Jan
7% May
10'A
Jan
Apr
19% July
16
5
31
Jan
Jan
25%
Oct
Nov
101% Jun
13
74%
Jan
98'/a
66
Jun
23
37
Jan
57%
110
Jan
22
32
July
106% Mar
•26%
5
lova
Jan
Jan
21% July
5
15% Feb
2
12
Dec
103% July
3
94%
Nov
29
27 y2
Jan
40% Jun
114
37%
19%
Sep
Aug
Apr
Oct
"
21% Mar
102
May
44 % May
RECORD
NEW YORK STOCK
AND
LOW
$
per
S
share
18%
*26
18%
*26%
26%
83%
83
25%
25%
18%
18%
18%
*39 %
45
71%
*%
%
15%..
*117
117%
13%
54%
18%
54%
V
8%
25%
*185
25%
100
100
195
*185
16
16%
16
:. v
-
*117%
118
*117
18%
54%
18%
18%
55
290
39%.
39%
198 %
*117
117%
199
54%
*53%
9%
*101%
102
9%
9%
102
102
*101%
18%
17%
18%
17%
18%
17%
17%
17%
114%
114%
*114%
114%
*114%
114%
*114%
24%
24%
24%
25%
24%
25%
25
43%
43%
43%
43%
43%
114%
'24%
44
*43 %
"
*46
47%
*46
*13%
14
7
6%
7
*46%
48
*13%
47%
*46%
47%
46%
46%
13%
13%
13%
13%
19
18%
19%
19
19%
19
19%
56%
.
6,400
13%
7
6%
13%
*13%
170
57
57%
56%
56%
55%
56%
10 %
10
10%,
:
.
".y
•
preferred series
Northwestern
Preferred
57
10
56 %
10 Va
*55
18%
10
*100 %
14
14%
14%
14%
23%
23%
23%
23%
150
*151
42
*39
42
*69
70
*69
*151
153
*39%
150
141/4
*68%
-b
.
13%
71%
23%
153
*152Va
101
101
700
101
8,500'
40
:
,
12%
3,600
•23%
23%
5,100
*152%
153
41%
14
23%
153
41%
*39
43
*39
70
*69
70
*69
100
(The)
8 % conv preferred A
Oppenheim Collms
627/a
61%
62
*13%
13%
13%
13%
13%
13"%
13%
14
11%
12
;„*11%
12
590
44%
Outboard Marine & Mfg
Co
100
.
Glass
P
*13%
13%
*
11%
11 %
12%
43%
43
44%
22
22%
22%
11%
*42
43%
*42
12
22%
22'/a
23
'*11%
*14
*14
*14
*44%
45
*44%
39%
39%
39%
45
45
120%
15%
32%
32%
*9%
5%
157%
157%
6%
6%
6%
16%
16%
16%
10 %
*9%
4'/a
4%
59%
4
5%
6
*9%
10%
113
*58%
4
4%
60%
■
*58%
60
16
161/4
5%
6
34
10%
10%
113
113
4
4%
*60%
61
5% V
6
*113
17,700
1,400
Pan-Amer
4%
8,100
Panhandle
60%
300
*60%
4%
28%
28 %
28%
28%
28%
28%
28%
29
28%
28%
35 %
35%
36%
36%
37%
36%
37
34%
2'/a
2%
2%
2%
2%
2
2%
29 %
29%
30
301/4
30
30%
29%
22%
22%
22%
22%
23
23
22%
11,000
30
29%
22%
2
29 %
22%
*22
8
19
18%
—
18%
18%
18%
57%
57%
57%
57%
102%
102%
102%
*15 Va
15%
15%
16
14%
14 %
14%
102%
16%
4'A
4%
4Va
i-
16
—
58 Va
.
17
17%
1-14
*110
4%
;
*110
600
17%
*16%
17%
114
114
30
30%
30%
30%
30%
30%
30
30%
24%
24%
24%
24'A
24%
'24 %
24%
24%
24%
24%
60
60%
60%
60 Va
*60%
61%
*60%
800
60 Va
61%
60 %
15 Va
15%
16
15 Va
16%
14%
15%
14%
14%
14%
5,000
52%
53
53%
52%
53%
52%
53%
53%
55%
52 %
14
14
14%
14%
14%
14%
14%
13 Va
*69%
71%
71%
71%
*45 Va
45%
46
46
*
—
:
•
71%
—
—
"...
*46
28 %
28%
*27
28%
*27
—
*
14
71%
*70
71%
71%
*45
46
45%
47
281/a
*27%
28%
v
*27%
8%
8%
8%
8%
8%
9%
9%
9%
9%
9%
48%
49%
48%
9%
48%
23%
23%
53%
53%
23%
*49
23%
24
53%
53%
53
100
100
23%
24%
53%
53%
99%
99%
19%
24%
19%
24%
19%
19%
19%
24%
24%
24%
120
34%
109
114
*15
*
20'A
19%
24%
247/a
24%
*114%
34%
35
89%
89%
90%>
89%
109
*108
109
114
*112%
114
*112%
116
16
*110
16
16
110%
111%
103%
*113
16
No
500
114%
,
No par
Co
44%
45%
46%
*13%
13%
13%
13%'
13%
13%;
Pnoenix
13%
13%
500
13%
*13 Va
27
*26%
27
27
27
27%
27%
27
27
700
27
135
135
*103
135
*103
135
9%
■!
14%
74%
73
73%
73
*77
9%
9%
14%
14%
*170
15%
9%
9Va
9
6%
6%
9%
9%
95
95
*92
96%
53%
54
55
63
63
63-
*95
17%
17%
11
70%
*17%
10%
*70%
70%
11
15'A
9%
78%
14%
*170
*186
*186
9%
100
6%
9
*95%
14%
15
*170
6%
*77
6%
6%
9%
9
*95%
100
55%
50
14%
Pitts Ft Wayne &
"
__
7%
-
„
-6%.
100
2,160
55%
55
557/a
65%
66
64%
64%.
420
17%
17
17%
17%
18%,
3,000
*170%
*170%
n%
11
*
11%
n%
*70 %
71%
71%
71%
*71%
18%
18%
18%
18%
*23
t
12%
12,800
18%,
24
*24
*24
24%
24
24
10%
11
11
11
11%
10%
11%
11
11%,
13%
13 Va
13%
13%
13%
14
13%
13%
13%
14
*12%
13%
* 13 %
13%
13%
13%
*13%
14%
*13%*
14
*39%
40%
40 %
40%
42
42
*40%
57%
57%
57%
57%
57%
58%
*118
16%
.
119
24%
118 %
17
17
118%
17%
119
17 Va
119
57%
118%
42
42%
57%
58%
17%
17%
98%
•
:
»17%
18%
98%
1,430
44,400
,
97%
97%
97%
97%
97%
98%
97%
101%
101%
101%
101 %
101%
101%
101%
101%
101%
101%
2,020
106 Va
106 Va
106%
106%
106'/a
107
106%
106%
106
106%
1,110
116%
116% '
116%
116%
116%
117
116%
116%
116%
116%
*116%
117%
116%
116%
117%
117%
117%
117%
*116%
117%
49%
49%
49 Va
49%
49%
50
16%
17%
17
17%
17%
17%
*111%
113
*104%
105%
*23%
For
*112
105
*112
113
105
24%
footnotes
*24%
see
'
24%
page
135.
113
*104%
105
23 w.
24%
49%
50%
17%
17%
*112%
105
22%
113
105
23%
1,070
.
130
2d preferred-
conv
&
:
:
6%
.7 %,
8%
50
51
27,900
Pullman lnc
17%
17%;
21,300
Pure Oil
113
*104%
23%
300
105
23%
.
.6 %
200
113
5%
1.500
(The)
—
preferred
conv
——
Corn
Apr
27%
Jan
32
16
Jan
19% May
20
1%
Jan
16%
Nov
29
51%
Dec
60% Mar
80
J.6% July
5
13
Nov
5
6% May
Jan
3%
5
1%
33%
May
Sep
20% July
Jan
60% Jun 29
18% Jan 26
100%
Jan
Jan
9%
Oct
3% Mar
45
Jun
17% Mar
13 %
Jan
10
108%
Jun
7
23%
Jan
32»/a
Apr
May 31
17%
Feb
24%
Sep
61% July
Jan
30% July
63
May
Mar
9
46%
Jan
16% July
*55% July
5
1%
Feb
7
15% Mar 21
28%
Jan
5%
Jan
75
113
Jun
23
7%
Dec
Sep
59% July
16% May
;
34%
Feb
58% May
5
47% Jun 26
19
Jan
41% May
6
28% July 5
9% Jan 12
23
Feb
26 % May
9% July
51
Jun
10% July
Jan
; 8'A Jun
5
20
Nov
'29% Mar
7
37
Jan
X51%
7
July
68%
Jan
91%
Sep
18% Aug
22
Dec
24%
25%
Sep
21% Jan
3
25% Feb
16
118
Jan
5%
20
24% July
54% July
103
6%
6
Jan
3
35% Jun
27
Feb
25
91% Jun
20
Oct
Sep
28
Jan
1
13% Jan
71
26%
Feb
90 %
Jun
Jun
Jan
117%
Jun
No par
—No par
No par
preferred——
noV4r>f(iB
Dec
2%
109 %
preferred——...100
preferred-;—,——-——100
preferred—-——
-100
pfd $5
72%
Jan
17
No par
Gamble
Pub Ser El & Gas
Jan
1%
5
27
114% Jan
(ser of Feb 1
pfd
July
Apr
'29).,—100
Pub Serv Corp of N J_—.—No par
$5 preferred-——
NO par
5%
170
97%
•.
5%
Procter
3,400
,
118%
July
30
108
i—1
:—5
— 50
1st preferred-
conv
106
Jan
6
25
Dec
Jan
113
No par
No par
& Co class B
5%
600
700
42%
58
Poor
45%
Jan
15%
July
112
July
Nov
.
•
11
11% Feb 14
Jan 19
x98
Apr 19
43
Apr
4
9
23'A Feb 23
16
July
5
'
__NV>
-.100
-109
nar
27
Jan 13
61
7% Apr 18
68% Feb 25
11 % Jan "4
164% Jan 25
Apr
3
183
Jan
'3
6% Apr
'82% Jan
46% Apr
25
4%
7%
Feb
14
July
July
6
79 Va
Jan
100
July
48
July
7
42% Nov
50
,
13% July 6
27% July: 6
3%
Jan
10%
18%
Jan
26
7% Jun
Jan
102
29
3%
Feb
21
34%
Jan
75
Feb
10
July
5
5
Jan
80
May' 5
59
171
186
Mar
4
May 12
3
"6% July
9% July
•
*
.
".
"
*
4
Jun
Nov
182
Aug
Jan
>
6%
Jun
*
99
27-
61% Jan
66% July
•
18% Jun
23
59%
Jan
10
24
10% May
Jan
5
56
10
Jan
»
90
July
52% May
■
Dec
75
Mar
*
7%
Jan
150% Jan
—
52% May 19
116
Mar 25
13 % Jan
3
87% Jan '3
96
Jan
3
- 104'A Jan
4
113% Jan
3
H5y4 Apr 28
37% Jan
3
15% Feb
3
109% Jan 12
=-103
Jan 15
Mar
168%
"
8% Jan 25
69
May 16
17% May 16
19 % Jan 13
8% Apr 23
11% Apr 23
11% May 17
35% Jan 10
9
115% May
Jan
4%
Jan
Dec
77%
168% Nov
170 L
Jan:
5
'3
,
Feb
Dec
68%
'
9%
3
Apr
May
7% May
Jan
15% July
57% May *3
11% Jan '6
"
July
113
102
Jan
5
i—5
Pressed Steel Car Co lnc
19,500
Jan
16% July
4% July
'
4
17%
21
8 % Jun 27
20% Feb 15
10
Oct
113% July
104%
—
Pocahontas
Creek
Pond
7,100
.
,
118%
119
17%
,
Jan
5
-
100
24%
10%
*24
11%
35%
25
58% Jun
104
43 % July
Jan
100
Jan
2% Jun
Apr
Jan
:(., 2
4% Jun 30
July 5
May 16
No par
Plymouth Oil Co-
3,000
1
61
106
5
Jan
105%
12
July
,17% July
109% Jan
100
-100
preferred..
-
20
73
10% Jun
113
Jan
Mar 28
No par
100
100
5%% 1st ser conv pr pfd—-100
Pittsburgh & West Va————100
Pitts Young & Ash Ry 7% pfd—100
Pittston Co. (The)
—1
Class B preferred
—-100
90
Oct
6% May
7%
82
Pittsburgh Steel Co
7% preferred class B_
.5% preferred class A
7,200
Sep
160
Jan
2%
6
100
Chic Ry
Pitts Screw & Bolt
25,100
9
119%
Dec
3%
106
No par
No par
— 1
preferred
conv
Pittsburgh Forglngs Co
2,600
66 %
18 %
71%
$5
Jan
147
23 V2
19
24%
.-100
—100
Pitts Coke & Iron Corp..
7,000
78%,
56%
y
Hosiery
preferred
6%
2,200
28% May
9
23% May 13
Apr 26
117
No par
100
No par
5
25
Pittsburgh Coal of Pa
2,700
,
9%
9%
9%
78%
72
17%
-
11
18
18
18
*
*170%
*170%
11
10
78%
71%
Jan
100
Pitts C C & St Louis Ry Co
6%
6%
6%
"72
65
64%
17%
*170%
74%
135
'56
53%
17%
6%
X71
*186
6%
6%
'14%
*103
7
*170
*186
6%
9%
78.
*170
*186
73%
9%
78
*77
78
6%
7
Dec
45% July
100
Pillsbury Flour Mills
*113
19
No par
?00
3
10
preferred—
44%
6%
par
series
44%
*103
1
25
50
No par
com
Mar
Jan
31%
Jan
7
6% Jun
3
6
7% Feb 29
3
7% Jan
40% Apr 26
20% Feb 14
3
49'A Jun
5
88% Jan
5
No
4%%
23%
,
—No par
Co lnc
&
33% Jan
16%
Jan
22
10
25% Mar 17
21% Jan 15
55
Jan
4
5% Jan
6
46
Apr 24
10% Jan
3
54% Jan
4
.
Corp
7%
2%Jan
Mar
.91%
8
Jun
16% July
Apr
July
19
3
34% July
93% Feb
7
13% Apr 18
9 % Jan
3
Jan
25 % May
33
12
7
110% Mar 17
.
Phillips Petroleum
26,200
Jan
55
14%
7
41% Jun
15% Apr 26
51% Apr 10
par
Corp of America
Brewing
43%
6%
103
r
50
5
-100
100
1
100
-100
100
(Chic)
Co
1
43%
6%
2% Jan
45
Jan
/
13 %
Jan
10
121% Jan
8
Jan
Jan
23%
3
157% Jun
37% Feb
9
16
Mar 17
Ry
46%
43%
109% Jan
100
Phillips Jones Corp—
110
48
10
13% July
7%
16
Jun
45% July
Apr 27
Jan 11
Jan
3
Feb 29
No par
No par
Co
Preferred
16
*113%
16
113
25% Jan
par
.
116
34
3
117%
149
4%
12%
Co
Philip Morris & Co Ltd
Prefeired 4%% series
10
108%
15 % May
3
Oct
July
6%
3
preferred
Philco
1,600
3
10
64
23%
7
4% Jan
$1 preference com—
4.4%
preferred
8,800
/
Jan
39% Jan
No par
10
No
.
Phila Electric Co.
120
35%
120
*107%
15%
$6
4,400
34%
15% May
Apr
67%
Jan
54'A
3
Phelps-Dodge
Corp
Philadelphia Co 6% preferred
9,300
,
*89%
*115%
35%
90
112
t
19
Sep
38
Jan
>46
17
RR
(Chas)
Pfizer
600
25%
109
112
1,040
20
107 %
15%
112
20,300
:
103
90
*112%
16
*110
«
120
34%
34%
r
23%
54%
100%
89%
90%
90
*107%
*116
120
*116
34%
54
54
19%
19%
24%
23%
,24%
800
48 %r
100%
100
100
*99%
48%
49
Pfeiffer
Jun
5
154
Jan
28%
19
64
Jan
142
Mar 30
Jan
Pet Milk Co
Petroleum
Jun
23 Va Jun
preferred
2,000
t.
Jun
26
21%
Jun
17'A Jan
Dec
Jan
70
30
Dec
10'/a
15%
41% July
2
50% July
105
Jan
10%
31
Enterprises
Eastern
3,100
8%
9%
49 Va
34%
100
153
2lVa July
Jan
7
prior preferred
\5%
24 % Jun
19
May 10
Oct
3%
18% Feb
Marquette Ry Co__
5%
1,100
28%
9%
9%
Pere
14%
•
.
1
14% July
8
—2.50
Cement
Pepsi-Cola
1,900
r/i
8%
49 %
(J C)
10
105% Jan
26% Apr 28
Peoples G L & Coke
1,100
Jan
69
No pur
Ford
&
Apr
Jan
37% July
Peoples Drug Stores Inc.
Peoria
'July
Jan
3%
1% Mar 27
& Co
Davis
Pennsylvania
24.300
73
46%
8%
9%
*116
600
...
29%
Aug
6
45
11% Jan
30% Jun 28
•
8%
8%
*112%
14
14,200
20% Mar 22
Mines—1
15% preferred
30%
41 %
.•*'/
Jan
8%
ex-privilege.,—
lnc
Consolidated
$7 conv pref ser A
Penn Glass Sand Corp
30
Jun 16
Jan 27
29% Jun
Penn-Dixie
*110
23% July
Jan
Jan
V 31
25
1,100
114
*110
15%
23% Feb
4,600
4%
57
*53%
116% July
x3% Jan
4
No par
Penn-Central Airlines Corp.
1
Penn Coal & Coke Corp
10
14,400
.
Dec
18% May
36
48% Jan
9,900
16%
Apr
101
Jan
107
23% Jan 27
;■' 57%
'15%
18% July 6
115% Apr 24
25% July 6
44
Jun 23
7
July 5
•
1
Patino Mines &
•
.'.14%
Jan
7%
57% Jun 27
10% Feb
5
40% Jun
par
lnc
Parker Rust Proof Co
Penney
Jun
'
91% Jan
28
100
Parmelee Transportation
4
*
58
No
300
1,800
56
Jan
Nov
8
July
1
Ref
&
lnc
Pictures
Utah
&
48%
9% July 5
103
Jun 20
Apr
100
100
1
10
preferred
2,300
15%
57%
17
*110
16%
16 '•
4 %
4%
59
17
16%
15%
Cos
& Tilford
Penick
Jun
53% May 26
3% Jan 27
3,600
101 %: 103
104
16%
16%
4 '/a
4%
v
16%
114
16%
16%
*16%
„
103%
103
15%
:;i
58%
58
58 %
—
Parke
500
8
18%
*54
5,700
7
56%
14
par
Corp
18%
7%
8
81/4
18%
*102%
58
7%
7%
19%
57%
*57
57%
*57
•
8Va
8
8
19
'
Park
Park
18% July
Jan
28% Apr 25
8% Feb 18
Paramount
3,800
2%
2%
Jan
8
Jan
Nov
>122
9%
8
Apr
July
38
192% July
Jan
Jan
Feb
No par
conv
4,500
36
*35
.—No
Car
Prod.
Paraffine
*105
Jan
49%
18%
55%
9*
5
Petrol & Transp
5
East P L 5.60% pfd_100
Panhandle
23
13
No par
*
Motor
200
26% May
162%
3
American Airways Corp
200
Nov
113
26
2
5
3
10
& Teleg
Western Oil
Pan
122
1% Mar
12%
8% Jan
._25
Pacific Tin Consol'd Corp
Packard
Dec
Jan
10% Jan
No par
(Cal)
Electric
&
Telep
Pacific
40%
201
May
Jan
Mar
Jun
Jun
Feb
July
Jun
8
preferred
16,700
54
55'A Feb 29
No par
Pacific Lighting Corp—
Pacific Mills
51,300
-S
6
Jan
10
Gas
6%
Dec
25
10
11
27
28%
yg:
Co
Finance Corp
Pacific
132
64
par
12.50
preferred non-cum
10%
4
4%
607/a
•2nd
Jan
37'/a Apr 26
5
No
preferred non-cum
113%
10%
10%
113
Coast
Pacific
80
33%
33%
34"%
*105
*105
*105
*105
6%
6%
33% -34%
113
113
113
113
*16
16
33%
33
1,400
121
157
6%
400
120
122
157'
6%
6
7
40
*39
39%
*121
6%
16
39%
40%
;••>..
45%
45%
45%
7,500
>
157
6%
5%
*45
1st
%
19%
8% Apr 18
100
Feb 14
8% Jan 18
18
Co
Pacific
15%
33
32%
Pacific
510
22% ■{.
22%
*14
15%
122
156%
*15%
45
•'
22%
33
157
156%
6%
32%
*121
156%
*155
39%
40%
22%
*14
15%
33V8
44%
44%
121%
121
121%
*121
32%
33%
33
33%
32%
*43
/
63%
16
147
Pacific Amer Fisheries lnc
62%
Dec
15
48
100
preferred
1,300
62%
Dec
32%
8
No par
Otis Elevator
Owens-Illinois
62
May
13
Jan
12-
45
No par
-
2,700
62%
26
Jan
17% Feb
par
6
100
Outlet
70
Jan
6%
16%
12% May
No par
Equipment—-No
Omnibus Corp
6 %
14%
o
Farm
Oliver
74% July
40% Jan
2.50
Ohio Oil Co
10
xl2%
61%
62
62
70
41%
101
102
13%
23%
10 '/8
10%
9%
101%
101%
102
*100%
10%
20,700
.
Jan
76
Jan
4
Jan
3
Jan 31
Jan 15
Feb
1
§ 4 % Jan
3
50
Norwich Pharmacal Co
3
100
xl3%
112
17%
37 %
50
100
-No par
50
svgy '
18%
18%
7% Jun
_1
Telegraph
Jan
,
52
Jan 26
51% Jan 27
50
50
;
preferred series
Norwalk Tire & Rubber.
.30
300
10
.
31%
23
July 7
Mar 14
July 3
Jun
1
198% Jun
183'% Jan
3
*116% Jun 29
15% Jan ,10
Northern States Pow $5 pfd-JVo par
Northwest Airlines
No par
8,200
6%
6%
6%
6%
6%
Noblitt-Sparks Industries—
& Western Ry_—
Adjust 4% non-cum pfd
19
% May 12
14% Jan 3
33% Jan
4 '
:i00
1
5
_100
100
26% July
87%
28 %
18%
42'A
52
May
20
Jan
28% Jun
Jan
share
Jan
11
3
129
Highest
S per
share
per
10%
4
Jan
Year 1943
-
Lowest
20% Mar 22
3
24 Va Jan 3
* 11% Jan 27
30 % Jan 22
100
Northern Central Ry Co
Northern Pacific Ry
20
114%
Range for Previous
.
$ per share
19% Jan
—BO
Norfolk
6%
38,200
-
44
*43%
;
18
:
No par
!
North American Aviation
20
~
par
SLtpbldg Corp part stk
North American Co
29,500
'
25%
*43%
17%
114%
*24
*
,
Highest
62
.
No par
No
—
Y Lack & West Ry Co
$N Y Ontario & Western-
.5%%
,
*101%
York
900
102
100
City Omnibus Corp„
Y
15% Jan
100
$5 non-cum preferred
N Y & Harlem RR Co
N
-
"
$ per share
par
preferred series A
New
;
■
102
No
—
Dock
Lowest
Par
;
.
N
14,700
18%
54%
53%
9%
54%
53%
:
117%
18%
18%
54%
9%
9%
9%
41
200
*53%
53%
*53
>■
198%
.
100
v;
•
*40
42
200
'
1,400
2,000:
16Va
*16
V
,
■
Range since January 1
N Y
.
330
U 0
14
Va
10
r
72
72
73
1,300
-
•
43
*39%
39%
•6%
•-•••>
'
N Y Chic & St. Louis Co
5,?00
>
:•
V
Central
York
New
3,200
»
18
*15%
18
195
72%
72
200
53%
8%
39%
43
195
*40
55
54%
*53
53%
*53
25%
*16%
18
16:
16
41%
117%
18%
*117
18%
25%
%
201
201
84%
72
71%
*39%;
41
201
28
87% >
25% (
*39%
••Y' %%A
16
15%
*39 %
*200
27
83%
*185
190
*71%
71%
27
84%
*17
42%
190
26%
83%
25%
83%
25%
190
7
'»/.:•
s
64,200
r
84%
83 Vb
*182
19%
27%
26%
25%
*39%
19%
19%
18%
share
'
EXCHANGE
Shares
,
..
.
STOCK
NEW YORK
the Week
$ per
$ per share
19%
Sales for
July 7
July 6
$ per share
share
18%
*16%
.
per
18%
26%
18%
$
pcf share
Friday
Thursday
July 5
July 4
July 3
July 1
STOCKS
HIGH SALE PRICES
Wednesday
Tuesday
Monday
Saturday
Monday, July 10, 1944
FINANCIAL CHRONICLE
THE COMMERCIAL &
132
Feb
19
Jan '
25
-
5
July1 5
13% July1 5
43
Mar 16
58% July
120
Jan
5
12
18% July
7
98% July
7
105
Apr
4
110
Apr
13
119% Apr
10
119% Feb
15
Dec
74%
Dec
Jan
21% July
18
5
14
Jan
4
Jan
6%
6%
■
Jan
Jan
24% Jan
48%
Jan
75%
\
108% Nov ;
113% Nov
■-
Feb
Apr
96%
Oct
107% July
114% July
129% July
122
Aug
40% July
19% July
Jan
11
Sep
17%
•
26%
Jun
58
123
Jan
Mar 22
Jun
40%
:
1
85% Jan
96%
Jun
13% May
13
.
•
18
Jan
18
13
•:
Jan
July : 7
113 % Feb
,;J 23% Apr
•
114% Apr
11% Jan
51
104% Feb
114%
Feb
9
92%
Jan
J
24% Jun
19
13%
Jan
»"•
107
Nov
Jan
14%;
15
10%
20 V
May 29
11% July
168
1% Jan
14% Mar 22
79
16% Mar
\
July
107% July
.
19% Jan
14
29'A
Nov
Volume
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4297
160
133
NEW YORK STOCK RECORD
LOW
/Saturday
1
Monday
'
July 3
'.
July I
$ per share
\
f per share
Thursday
Wednesday
July 5
f per share
Tuesday
July 4
$ per share
14%
.
11%
•.;•• 11%
11%
"J
$ per
share
14%
14%
11%
11%- -11%
$ per share
Par
*14%
14 %
31%
11%
92;400
76%
76%
700
$
Lowest
$ per share
per share
12% Jan
21
8% Apr
69% Jan
13
11% July
5
76% July
.It
Quaker State Oil Ref Corp.
500
Year 1943
Lowest
Shares
$ per share
14%
Range for Previons
Range since January I
Highest
STOCK
EXCHANGE
the Week
July 7
YORK
NEW
Sales for
Friday
•
July 6
11%
14%
STOCKS
'
PRICES
SALE
14%
i" 14%
'•'14
r
AND HIGH
14% July
Hiihest
$ per share
10%
Jan
15
4%
3
Jan
12% May
71% Oct
July
R
'
11
•
•
10
75%
-
10Va
♦
•
,
75 y2
75%
10%
101;
10%
9%
10%
.
'10%
10%
91%
90%
91%
90%
32%
32%
33
33
16%
16%
17%
17%
17%
*32%
32'%
32%
"9
■r-18%
38
*29%V
32%
■18%
■
•i
*127
*29%
'
V
J
'
WM
$3.50 conv 1st preferred—No par
29%
*9%
10
131
*61%
..128%
128%
62
62%
63%
♦
32%
*
:
*128%' 135
*128%
63
*61
9%
Hosiery,—.
Preferred
10
*16%
16%
*19%.
20
;i8%
,
19
97
:
95
• *94
*96V4
95
■„
*101
101%
't.
96
•
19%
97
96
95%
13%
99%
99%
*99%
99%
12%
20%
21'/4
20%
101%
*101%
96%
96%
►96 y2
96%
96%
11 %
10%
10%
10%
5.200
21
101%
650
12%
21%
10 7/8
70.000
130
700
i
:
18,200
•
100
99%
99%
'310
99%
4X99
■
*94
i
80
15%*
15%
96%
g
147/a
14%
81 %
14%
82
*80
96%
98
*80
96
1
•
.
'
80
••
80
'•■
15%
98%-
>•.
■.
14%.
97%
;■£
80
*80
82
15%
*14%
60
14%
99
5.700
•
98
97
13%
14%'
14%
14%
14%
14%
14%
14%
14%
14%
33%
33%
33%
■34%
34%
34%
34%
35
35
35%
37%
37%
38%
♦38%
38%
38%
*38%.
39%
38%
39
16%
17%
18%
■r
9%-
10
*16%.
8%
23%
31
31 %
*19%
20%
;
33%
33
33%
9
32%
*111
24
34
19%
19%
5oy2
50
33
400
33%
33%
%
52%
52%
52%
1%
V
52
St
tSt
1%
52%
1%
52V4
3.300
113%
40
8%
12,000
33%
33%
21,500
*105%
107
*105%
107%
106%
106%
*105%
112
110
*109%
22%
22%
4%
*41
42
42
42
*111
113%
*110%
*109
110
*109%
*110%
113%
110
110
23%
4%
110
5
23%
23%
100
42
600
5%
113%
5VB
;
V
10
110
98
97%
98 Va
97
97%
96%
22%
23%
23%
23%
24%
23%
23%
23 Va
23%
14,700
17%
17%
18
18%
18
18%
18
18'/a
17.%; ; 17%
71%
717 a
72%
.73 %
3.500
330
13%
5.500
75%
200
71%
71%
131/4
13
13
13%
•75
75%
;•/
75 %
14%
141/B
13%
14
13%
53%
53%
*53%
55
*53%
26%
27
27
26%
26%
72%
13%
13%
75
*75
73
,73
13%
e
13%
*75
75%
13%
27%
14
13%
14
4,000
*53%
x26 Va
14 y8
55
55
*53%
55
10
:
Co
26%
2,200
Servel
Sharon
$5 conv preferred
Sheaffer
(W A) Pen Co
Shell Union
7.600
Silver King
2,500
Simmons Co
261/4
1.100
14%
14%
14%
14%
Hi/a
44,700
40%
41 %
41%
41%
17%
17
17
t *22%
*22%
23%
23%
23%
23%
*22%
39%
39%
40%
40%
41 %
40
40%
39%
29%
29%
29%
29%
29
29%
28%
13%
13%
13%
13%
14
137/s
14
13%
14
4%
4%
'.5-
4
■*•:
4y8
32
32
37%
4»/8
150
23%
38
*147
23%
23%
38%
38%
23%
23%
4%
*32
38%
39%
*148
150
*148
150
4%
33%
*32
31% •32%
'
38
*147
-
24
237/a
--■/',•/
4%
4%
33%
*32
38%
38%
150
*148
237/e
24
1
800
38%
150
300
2,300
•
.M—
15
15
15 %
15%
15%
15%
15 %
15%
32
31%
32%
31%
32%
31%
32
•
600
27%
26%
27%
26%
27%
26%
27Vt
12,900
57%
57%
57%
58
57%'
58
57%
57%
2,800
65
*64%
'
65%
*64%
65%
64%
Apr
Jan
15
100
Jan
4
82
Jan
4
15% July
8
99
64%
300
July
Jun
76
30:
8% Jan
July
14% July
Jan
3
13
Jan
8% Feb
■
13
*8%
8%
8%
*66
69
32
•
x6%
7
6%
45%
>
31%
30
30%
1.400
27%
26%
27%
7.600
46
46%
46 y4
46 y4
1.700
59
58
59
-
7 20
10%
10%
10%
10%
12,400
67
67%
67
67%
960
*57%
60
10%
10%
10%
66 y2
66 y2
66%
67
67%
67%
*63
37
*63
64
*113%
*113%
114
37%
37%
114
37%
115
*112
64
63%
114
*113%
63%
114
110%
110%
*110V8
110%
110%
110%
30%
30%
30%
30%
30%
31%
*112%
115
*112%
3%
3%
49
Smith
60
37%
Corp
57
Southeastern Greyhound
South Porto Rico Sugar
5%
Jan
11% July
25%
Jan
32 y4
34%
Feb
3
12 %
Sep
391/4 July
14 y4 Oct
17% Jan
I
*113%
10%
,57%
8%
preferred
7%
Jan
9
Jan
30
5%
Jan
5
19%
Dec
7
20%
Jan
28
Oct
19
11%
Jan
18%
Jun
43
Jan
50% Aug
33% July
26
27%
Nov
36% Mar
"
9
Jun
24% July
Jan
3
34
July
14% Jan
5
23
Feb
25
45
13
Jan
27 y4 May 12
aa
:
1
Mar 17
43% Jan
10%
63
113%
110
31%
*1127/a
37%
37
112%
113
37
112%
1,200
10
63%
*63
64
600
113%
113
113
40
*110
110%
31%
31%
*112%
115
110%
70
32 Va
14,200
7
105
105%
Jan
6%
Nov
6
X108 % Mar 23
Jan
96
36%
Dec
43
112
Jan
6
109%
Nov
115
Feb
108
Jan
3
110
Jan
8
105
Dec
112
Mar
21% Jan
10
2% Jan
42% Feb
16%
25% May 19
2
5% July
5
Jan
4%
Jun
7
98% July
5
59%
Jan
90%
Dec
14
24% July
5
10 y8
Jan
18%
Sep
2
18% July
73% July
5
Jan
17% July
73% July
May
9
Jan
6
7
14% Mar 13
54
12
8%
Jan
72
Jan
27
75% Jun
1
64%
Jan
73% May
'9% Jan
6
14% Jun
30
5%
Jan
10%
48y2Jan
4
54% May
9
31%
Jan
57
Oct
28% Apr 12
4% July 6
17%
Jan
29
/ Jun
2%
Jan
63% Jan
,
3
Jan
3
18
Jan
27
42% Jan
13% Apr 25
18% Jan
22
15%
22
23% Jun
20
22% Aug
36% Apr 24
20
Jan
28
29% Feb
23
par
12
41 % July
5
12
Apr
Lines——5
No par
;
100
28% Jan
10
28% Jan
6
:■>
29% Jun
14
3
—15
141
25
;.
No par
Jan
22% Apr
13% Jan
3
100
54
Jan
-
Dec
41
May 31
20%
Jan
30%
Sep
152
-
15% Jun
58% Jun
65% Jun
/
19
26
Brands,
Jan
30% May
15%
Jan
30%
27
35 y4
Jan
Apr
49% May
5
42 Va
Jan
66
2% Jan
33%
33%
14,300
57%
57%
14,400
43
43
43
*113
115
*113
rV
10%
115
*113%
10%
10%
115
11%
*113
10%
:
115
11
;/•
10%
10%
3,100
661/2
*66%
16%
16%
32%
32%
*32%
32%
66%
66%
65%
66%
65
65%
2,300
17%
17%
17%
17%
16%
17 y8
9.800
Stewart-Warner
12%
12%
*32%
32%
800
12%
12%
12%
12%
17%
17%
17%
*17%
17%
17
17%
10%
10%
10%
11
10%
11
10%
10%
10%
10%
14,400
Stone &
18%
18%
18%
20
19%
20^/4
19%
20
19%
19%
44,500
58%
57
57
*58
59
Studebaker Corp
Bun Oil Co
125
125
X124
124
*124
126%
*56%
*125
'7
7
7
58
127
58
*125
•
7%
■
.•
7%
13
127
7%
7%
7%
12%
*17
7%
12%
17 Va.
10.800
500
400
40
7%
62.800
12.100
10
10%
10
ioy8
10%
10%
10%
10%
ioy8
10%
*24
24 y8
X24
24%
24
24%
23%
24%
23%
24
1,700
*78
79%
*78%
79%
78%
81
81
81%
80 Vb
80%
1.500
♦24%
25
*32%
24%
24%
3,500
Class A pfd
57% Jun
16
46 y2
Jan
60
4
43% Jun
13-;
37%
Jan
45 y8 May
"51/4
Nov
9% May
i
Jan
31% Mar
Jan
Sunshine
13
28% Jan
5
18
32% July
5
62% Feb
29
67% May 18
11% Jan
3
25
58% July
66
May
5
7%
Jan
14%
5
4%
Jan
14
July
17 y2 Mar 14
14%
Dec
*17
..Sep
17% July
13
July
Jun
9% Feb
10
.15% Feb
1
7% Apr
11
5%
Jan
.13% Apr
19
19
10% May
par
5
5%
Jan
15%
54
Jun
15
60% Jan 21
48%
Jan
100
121
Jan
27
5% Feb
15
1
.—25
100
25%
25
25 y4
32%
32%
13
13%
13%
13%
3,700
Sutherland Paper Co
Sweets Co of Amer (The)
30%
30%
30%
30%
30%
30%
30%
307/a
30%
30%
4,900
Swift & Co_
3iy4
31%
30%
31
30%
31%
31%
31%
31%
32%
6,800
Swift International Ltd—;
3iy4
31%
31%
31%
31%
31%
30%
31%
30%
30%
5,600
Sylvania Elec Prod's Inc
7%
7%
7%
7%
30.100
28
_1
10c
—No par
13
135.
Jun
11% July
.
Sep
20
Mining Co
Superhe&ter Co (The)
32%
page
111
115
26
;
25
• see
Dec
May
38% July
3
6% Jan
cum).
—
12%
For footnotes
9
Dec
No par
*32%
;
Jan
_1
12%
7%
1%
19
No
32%
7%
100%
40% Jan
_1
(The)
25%
7%
6
7
51% Apr
Superior Oil of Calif
Superior Steel Corn.
Symington
Mar
31%
32% Mar
10
_5
12%
7
6% Mar
115
Sep
Jan
,__25
Corp
24%
7 u->
115% July
32% July
9
27
No par
*32%
7
Dec
25
25
12%
100
110
Jan
25
32%
33
Aug
Nov
49
Jan
12
*32
117
107
28 Vb
L S
(4%%
Corp
July
112% Nov
28
Jan
38% Dec
Webster
Sunray Oil
70
10
112
40
Stokely Bros & Co Inc—
5%
prior preferred
121/4
17%
July
114% Jan
19
May 17
Jan
Sep
42
116% July
44%
Sterling Drug Inc
17%
Jan
Jan
100
67
Jan
Jan
preferred
32%
32%
16%
33
109
Jan
Standard Steel Spring—
(The)
38% Mar 13
113% May 25
64% Feb
2
10%
Standard Oil of New Jersey
Btarrett Co
9
28
Sep
8% Sep
64
28%
Standard Oil of Ohio
4y4 %
28.600
Jan
7
Standard Oil of Indiana
34
577/a
42%
5
38% July 5
34% Jan 15
38%
57%
67% July
60
7
Standard Oil of Calif—
33%
Jan
35% Feb
17,000
57%
3
35 V2
No par
38%
33%
19
5
38%
42%
10% Jun
'7
38%
33%
May
4% July
38%
57%
56
63% July
38%
42
44%; July
32 y4
2
54% July
38
33%
35% Mar
Jan
23%
6
Jun
Jun
8
37%
57%
Nov
24
46% July
3
prior preferred
41%
Dec
10
prior preferred—
$7
33%
35
2% Jan
$6
12,900
57%
Nov
Jan
28
11
28% Feb
Sep
61
21%
61
>
59% May 12
110
6%
Jan
28
40% Feb
7.100
63%
41%
Jan
Jan
33
32% Jun
35% Feb
4%
54%
62%
■
33% Jun
110
2%
28
Apr
6% Jun
No par
—No par
4
54
12,400
par
Standard G & E Co $4 pref—No par
4%
63
66%
58
No par
No
53%
;■
50% Feb
149% July
25
Apr
14% Sep
66% Jun 22
3
111% Apr
Inc—
61
3%
Jan
Jan
Apr
15%
-
7% Jun 29
9 •'1 Jun
Jan
10%
27
28% Feb
Jan
21 Yb
6
32% Jun
.
.W
132
May 17
24% Jan
27
6
5
.V
5
56% Jan
108
preferred
53
4%
May
15% July
29%
14
22% May 13
36% Jan 26
—No par
63%
-
Feb
—No par
No par
$4.25 preferred
54-
*31%
*56%
100
28
39% July
25 y4 Jun
Jan
-•
55
Sep
Jan
26
Sparks Withington——....-No par
i
1
$5.5J preferred.
No par
Spencer Kellogg & Sons
No par
Sperry Corp (The)—
1
Spicer Mfg Co__
No par
$3 conv preferred A
No pa"
Spiegel Inc—
2
Conv $4.50 preferred
No par
Square D Co
1
45 y4
24% July
23% Nov
2%
3
5% Jan
Jan
28
May
27% Nov
xl3y8 July
16%
7
4% Jan
Jan
5
10J/8
Apr
16
3
4
Jan
15%
5
5
Mar 14
4% Jun
17
Jan
19
27
Jun
: 35-
24
23 y2 Jan
July
Nov
16% May
.•
6
407/a Jan
52%
4
Jan
5
7
3% Jan
Squibb (E R) & Sons
$5 pref series A
Jun
5
Jan
preferred—.
26%
Feb
Railway
No par
preferred——.—100
Standard
Jan
Feb
16% Feb
nonrcum
conv
July
107%
16
16
24
7.50
Sep
12% Mar
Feb
37% Mar 16
16y8
Mobile 8c Ohio stk tr ctfs
5%
Jan
114
109
20
Spear & Co
47% July
10% May
28% Jan
Natural Gas Co
5%
3% Mar
Jan
35
13
3
1% Mar
Jan
Jan
21
Edison
62
4
July
',9% May
21% Dec
aa
9% July 1
36% Jun 21
114% Jun
8
Jan
Jun
1
Southern
$4.50
115
12
17 % May
:
Va
15
28
llO'A Jan
32
:
27
6
Jun
2% Apr
3
52% Jun 28
% Jan 20
,
27
California
52
41%
115
115
37
*112
Jun
51% Apr 11
3
18
Jan
Southern
62
3%
33
•
*112%
'
Jun
7
"10% July 5
17% Jun 17:
29
Jan
5% Apr
No par
—10
—
50%
1
37%
32%
41%
115
*57%
•
Feb
15% July
93%
14% July
Corona Typewriter-No
&
V- 59%
50%
•58%
600
26%
10%
*111%
20.600
31
10'/4
37
6%
sy4
69
46
10%
114
8
*66
27%
60
37
6%
7%
8%
69
32
x46
60
*111
8%
*66
26%
46%
59%
*58
6%
8%
31%
32
27
*45%
7%
69
*65
,
31%
26%
45%
6%
8%
9
26%
32
26%
•7V,
7
70
70
Jan
7
'
*66%
Feb
July
•39
3
:
98
18% July
3
May
5
35% July
4
28
Dec
Jan
80
6
Apr
20% July
Nov
7%
5
10%
Dec
59 y8
5
26% Mar 14
Iron
&
$1.20 preferred
Smith (A O)
Southern
26%
65
Oct
9%
33% Jun
Southern Pacific Co
26%
65%
88%
Jan
36
15
Steel
23,100
57%
i
Jan
5%
5
8
South Am Gold & Platinum—,
2,800
24
31%
*64
73%
11% July
19
Socony Vacuum Oil Co Inc
33%
15 'A
<
97% Mar 14
3
Apr
12,200
4%
31%
Va'
3
10% Feb
53.500
31%
57
Jan
May 16
24% Apr 24
Skelly Oil Co
2,600
*14%
26%
Oil Corp
Sloss-Sheffield
28%
13%
Sinclair
3.500
130
40
29%
23%
101%
23
—
3.900
>v
23%
23V2
39%
*29%
,
Jan
5
No par
Simonds Saw A Steel—;
*17
Jan
95 y2
13% July
No par
4%
33V4
26 %
>
4%
21% July
5
102% Mar 24
14
9
18
No par
Coalition Mines
4Va
32%
17%
5
24
8% Apr
-15
Oil
4%
41
Jun
Jun
Apr
■
No par
No par
(Frank G)
Shattuck
26
17%
100 '
Sep
May
6% Jan
No par
33%
40%
Jan
No par
No par
Bharpe & Dohme
conv pref ser A;
4%
17%
Dec
13
i,?'$3.50
26
14%
Oct
74%
84
Steel Corp
■V1 32%
-40%
93
Jan
No par
Inc
4%
17
Jan
42 Va
7 '
6
.
'
26%
14%
69 %
1
_5
33%
40%
6'
-No par
1
33
17%
97 Va July
Safeway Stores
26%
14%
19%
Mar
10
100
26 y4
40
20
Jan
10
100
non-cum
33
14%'
13%
Jan
12
85% Apr
preferred
Louis-San
4
*17
Jan
141/g
7
Feb
70;
63
Francisco
Joseph Lead
6%
26%
*39 %..
7
7
No par
33
14%
Dec
17% July
J
preferred
conv
4%
4%
86% July
20% July
1
32%
-s
Jan
21% July
No par
(The)
26
4%
20
Jun
Nov
5
No par.
No par
Typewriter
26
4%
3
Copper Mines—..
32%
■•v;i
80
5
'
26%
26%
Jan;
•
Sears Roebuck & Co
97%
75%
66 %
84
Seagrave Corp—
23i/4
13
5
6%
87
5.900
97%
71%
128% July
•
5.300
97
*75
7
Jan
16
2,000
97%
;j
Jan
Seaboard Oil Co of Del—.—No par
24 Va
5
Jan
3V8
99% Jun
5
23%
24%
5%
23%
5
107
42
112
23%
4%
42
1
.
Nov
22%
•
20
113%
8%
34%
30
1
27
70% Jan
No par
5 % preferred—...
100
Savage Arms Corp.l
5
Schenley Distillers Corp. new—3y3
5 % % preferred
100
Scott Paper Co
No par
$4.50 preferred
No par
;7 $4 preferred—:
—.No par
8% ; ■ 87/8
35
10% Jun
_1
;
Company
$2.50
3.700,
114
Co__
Antelope
Ruberoid
3,700
33%
*112%
22% May
Jan
18
—1
10
Rustless Iron & Steel Corp
%
9%
Jan
'
33%
32%
*41
Ritter
%
8%
9%
Aug
Jan
14%
26%
3
100
Richfield Oil Corp
240
1,600
32
26%
8
30% Jun
10
Mfg
Rheem
32%
17/b
preferred
conv
Common
33%
52 Va
6
20 y8 Mar 21
7
_1
Reynolds SpringReynolds (R J) Tob class B
501/2
32%
*112%
114
i
5%%
50%
%
1%
Jun
11% Feb
,7% preferred—
_100
7
5%% preferred
—
100
Reynolds Metals Co——....No par
50%
$r
15%
14% Apr 19
X83 % Mar 9
25
—
Jan
"
Royal
2,400
Inc
11%
50% Jan
RR—100
Saratoga
Motors,
Roan
12.400
&
5
3
90
Republic Steel Corp
—No par
0% conv preferred
100
6 % conv prior pfd ser A
.100
Revere Copper & Brass
No par
4,400
33
112
*109%
24
34
/
Reo
1,700
24%
1%
8%
42
v
•
8%
*8%
32%
:v
107
*41
6.900
15.100
'
20%
%
9%
33
*105%
17
'
19%
114
200
10%
17
8%
7.000
'
18
10%
33%
1%
*112%
114
•
17%
-
32%
50%
/
5,200
•
!
*23%
33
20%
;
52%
52%
*112%
24%
31%
1%
'
1%
*52%
9
20
"
51
%
1%
16%
%
33%
%
50%
}
51
*50
31%
19%
r
10%
16%
8%
24
31%
>
18
10%
16%
8%
24
23%
•
17%
10%
8%
8%
19%
18y4
10%
16%
Preferred with warrants—
Rensselaer
280
'
18
%
16% ■16%
8%
22%
18%
>10%
10
17
'
1,100
95%
Jun
5% Jan
.1
——.
Dec
29%
32% July
13
—10
Reliance Mfg Co
Remington-Rand
•
,
.97 %,
101%
10%
-
12%
12%
V
600
13,500
201/4
97%
96%
•
11
2,900
\
21'A
19%
96
20%
10%
100
21%
96%
*101
•96
96
17i/4
17
22%
20
96%
•12%
101%
i'
10%
■
-17
101%
Jan
27% Jan
& Co 1st pfd
—100"
Reliable Stores Corp
—No par
r
V
97
'
10%
17
19%
*21%
19%
95%
12%
—
'
96%
20%
'/••' 19%
20
19%
'■
95
12%
12%
12%
101%
"99
19%
95
*94-
«'2oy8
19
21
:
21
20
16%
16%
16%
*16%
:■
Jun
Jan
21
'
(Robt)
Rels
190
64%
'
10 Va
54%
G
38% Jun
3
32% Jan
100
—.
Jan
17% July
2
15% Jan
5
„
17
Jan
3%
July
33
3
Feb
28
———v—.
Silk
Real
107% Jan
3
,
5P
3
29
'
25
—50
50
non-cum 2nd preferred—50
4%
500
500
1
135
62%
700
-
12% Feb
Reading Company—
4% non-cum 1st preferred-,
3,600
r
preferred
$2
1,400
-
37%
30 y4
9%
-V
18%
30%
9%
38
32%
18%
371/2
29%
9%
29%
'.■.♦
•18%
37%
29%
5,400
17%
28% Jan
5
10% Jun
7% Apr 24
85% Jan 27
1
100
-
Raybestos Manhattan—,
No par
Rayonier Inc_————,
1
200
34
17%
32%
18%
-
38
2,730
91%
'
Radio-Keith-Orp" mm
6% conv preferred
28,500
10
91
*33
32%
18%
18%
'
'.*37%
9%
'
*127
62%
"'
30%
9%
9%
131
*61%
32%
18%
'•38
'
37%
30
<
1
9%
91%
32%
>
18
•*;
91%
r
32%
*37'
76
16%
91%
31 %
*32%
75%
*32%
91%
*
76%'
10
75%- '75%
No pat
Radio Corp of Amet
'
•
Gould Corp
10
125% Jun
3
27
24% July
Jan
3
84% Feb
19% Apr
25
5% Jan
17% Jan
72
25
27% Jan
33
3
27% Jan
10
5% May
9
Jun
13% July
4
>6% Apr 18
3
122
30
Apr
Dec
63% Mar
130
Sep
5
4%
Nov
6
Oct
5
3%
Jan
7%
Apr
5
2
12%
Jan
22
May
58%
Feb
82
May
14%
Jan
32% July
26 y4
4%
Jan
Feb
12%
Jun
22 y2
Jan
27%
Nov
Apr
25% July' 5
29% Jan 28
8% Jan
-No par
I
July
% July
7% July
10% July
12 Va
u
20
16
6
31% Mar 20
.
33
July
33% Jun
27
27 y2
Nov
35%
33% Jan
5
22%
Feb
35% July
7% Mar 13
4%
Jan
8% May
*
"
.
THE COMMERCIAL
LOW AND
u
$ per
share
$ per
EXCHANGE
the Week
July 7
July d
Highest
& $
$ per share
Par
Shares
J per share
S per share
$ per share
share
Range for Previous
Year 11)43
Lowest
STOCK
NEW YORK
Sales for
Friday
Thursday
July 5
July 4
July 3
July 1
J per share
Range since January I
Lowest
STOCKS
HIGH SALE PRICES
Wednesday
Tuesday
Monday
.Saturday
Monday, July 10, 1944
& FINANCIAL CHRONICLE
per
share,
share
per
Highest
;
y
I par share
T
3 Va
8Vs
8%
8%
46 '/a
46 Vo
*46%
47%
8%
*46%
12 Vt
47
Va
48
47%
48%
5%
6
5%
35%
36'A
17%
3.300
Telautograph
12%
12 Vs
12 Va
5.300
Tennessee
49
48%
48%
7.700
Texas Co
6 Va
6%
35%
46%
18
18 Va
10 Vt
10'A
8%
112 Va
9'/4
9%
4
4
23%
56%
56%
*111
*47
3.000
16
13
43
43%
4
4%
43%
Vs
4%
4
16%
'104%
104%
30 Va
30
30
29%
30%
29 Va
30 Ve
29%
49%
49%
49%
50
51%
51
52
50%
51
49 V4
10 Vt
10%
10%
10%
10%
10%
10'A
10V4
10 Vs
10V4
■'
22
17
17
4%
V
4%
.
22
21%
23%
23
23%
22%
17%
18
18%
17%
18%
18%
1
96 Vt
10V4
10
10 Vt.
,10%
19%
19 Vo
!.
33
26
33
26
19 y4
26 Vt
*19
32%
10%
"..
120
•
Truax-Traer
Tubize
26 Vs
32%
32%
33 Vs
7.900
104%
104 %
104%
104'A
200
8
*7%
7%
*7%
7%
1.300
99
99
97%
98%
13 Va"
13% /'
13%
13%
13%
13%
64%
65
64
65
63%
63%
13 V4
12%
13
12%
13
i -•
104 V4
8Va
7%
97
97
98
98%'
13 VA
13 V4
13%
13%
*63 Va
64%
64V«
64 VA
12%
12%
12%
13
12%
81
81
81%
81Va
V
20th
12.040
33'/s
104 V4
,
33
*103%
25%
25%
26
33
7.400
;
1
Corp
No par
No Par
No par
preferred
prior pfd.—....
Twin City Rapid Transit
V 7% preferred.
$4.50
% Twin
Coach
1
81
*114 Va
116%
19%
19%
109%
109%
*98 >/4
98%
19%
98%
98%
98%
98%
98%
98%
27%
27%
27%
27%
27%
1.000
13.500
29
29%
28 Vi
104%
104%
29%
28%
29%
104 Va
29%
29
*116
29 Va
120
Vt
120
*116 V4
114
114
67
67
67
67%
67 Vt
24%
*23%
25
*23%
*112%
; 117
*116
<
21%
22
*112 Va
114
•
67%
■
24%
24%
100
1%
1%
1%
1%
1%
100.900
1%
1%
1%
1%
1%
36%
36 V4
36 Va
36%
36%
15,300
36%
36%
36%
36 Va
36 Va
17 Va
17%
17
17%
17
17 Va
17 Va
17%:
9.300
17
105%
*105
105 Va
600
"17%
Va
8 Va
2.400
60
60
60
10% '
10%
11 Va
10%
10%
10 Va
11.100
10%
3
'10%
10%
10%
30
29%
30
29%
31V4
30%
30%
2.500
84%
1,500
1%
47.700
*29%
30
85%
i%
1%
Va
6%
174 Va
*13 Va
48
84 Va
84%
174%
174%
7%
113%
9%
36%
*43 Va
*40 Vi
52 Va
136%
•
v
"60
60
73
73
74%
74%
59 Vt
59 Va
59 Va
61
131%
131%
132%
2 *•"
2%
40
36%
45
45
2
52 V4'
•
41%
*96 Va
*135
60 Va
*59 Va
*73%
75
61 Va
134%
134%
134%
26%
21 VA
26 Va
47
47
*46%
r
4V»
4
4 V4
/
4 Va
4
4Va
73
73
17%
17
39
39%
166%
21%
21%
21%
11%
11%
12
2.600
.
130
:';
2.300
4Va
6.600
4
97
*95
97
100
18
*17%
18
2,900
5%
5%
5%
38%
38 V4
75%
77
78
6.700
39 Va
76
3
5 Va
38%
75
*166%- 169%
166 Va
169 Va
4
2.900
,
6
'
75
75
*74%
17%
18 Va
4
135
39
5%-
5%
5%
39
39
*95
97
17%'
67,700
26%
47
27%
800
1.400
500
62 Va
62%
47
r
>
-
61%
4
"97
•
60 Va
74%
4
97
135 Va
135%
74%
134%
*46%
6.000
52%
59%
4%
*96 V*
15.200
2
62 %
21 Va
600
•-
41 Va
135%
4Va
38 V4
*166
51%
a"
290
190
>
*166%
169%
*166 Va
13%
*46%
118%
«...
-"
1'
*46
76
*76
80
85
*80
85
*80 '
*22%
23%
*22%
23%
4%
113%
*43%
10
.;U S
Plywood Corp
;tU S Realty & Ioipt——
34%
*80
5Va
61
61%
44%
38%
38%
38%
38%
35
35
35
35
34%
34%
•
,
V«
60%
V
114
114
44
114
■■
,■
.
>*43%
45
■
*38 Va
,
■:
.
35 Vs
60%
■
*117
120
120
120
*117
*150
160
*150
160
155
*150
165
160
155
*150
54
55
55
54%
56%
55%
57
55
54
12
12 Va
12%
29 Va
12 Vt
12 Va
12%
—
*117
:
preferred
EI
dlv partic
&
Pow
Va
600
1,200
prefi—
5% pfd
Virginian Ry
^
V
10
& Coke
Co^
preferred
—
,
■.
Preferred
—
—
-■
-
,
*53
*11 Va
29%
*18 Vt
9%
For
11%
12
29%
28%
106%
*105%
29
29%
106%
*51%
52%
*105%
*105%
18%
10
footnotes
*51%
*18%
9%
see
■
52%
52%
18%
*18 V4
10
10
page
135.y
106
53
29
*105%
53
18%
*18Vi
10 y8
9%
29 Va
106
29%
*105%
RR
12%
1.100
Waldorf
29%
"1.100
53 Va
18%
*18%
9%
9%
■1,160
18%
10
Walgreen
4%%
106
Walker
Co
'
preferred
(Hiram)
Dlv redeem
14.200
8
Jan
4
Jan
33% Jan
8
Vs
Jan
Dec-
July
95
Oct
9%
(49
Jan
3
Sep
May
6% May
'i'>
July
15
26 Va
Feb
34%
Dec
1%
Jan
3
v
Mar
Jan
26%
Jun
16
15% July
9% Jan
;
103% May
94 %
Jan
23%
Dec
40%
Jan
6%
Jan
10% May
6
15'A
Jan
25% July
5
11 V»
Jan
16%
1%
5/
21,25
26
16
13
6
5
69
34% Mai
,
6%
Apr
4% May
Jan
;
July
50
90
Jan
May
Jan
9% May
Jan
24% July
'
12%
25
67
5
5
Nov
4%
28
34 Va July
Jan
99
101
Oct
9% Jun
Jan
77%
Jan
Jun
11% Jun
6V4 Jan
,
42
Jan
8
Jan
11%
x76%
-
Dec
86% May
/
Jun 20
Apr 14
May 26
July 6
July 7 '
113
Jan
59
1
July
Feb
xll8
Apr
Jan
114%
15%
Jan
80'A
Jan
22% July
102% July
5
79%
Jan
Feb
9
Mar 13
x24Vi
Nov
93%
Jan
July
105%
24'A "Jan
Jan 11
July 5,
July
17% Jan
6
*8
Jan
17%
Jan
7%
Jan
Jun
x26
v
Jun
2'A May
35% Sep
V
15%
Sep
96
Dec
9
Jan
66
.
July
'If
38'A Jan
5%
Jun
69 %
Dec
2%
May i
114
Jan
94%
>
Jun
33% July
22 Va
Jan
Ji
May
114%
;
Jan
18%
Oct
28% Mar
40
Jan
55%
Oct
97
i
Jan
109 Va
9%
Jan
23% Nov
Jun
35
60 Va Mar
Apr
76%
Sep
2%
Dec
29%
Dec
1
2 ye
Jun
16%
Jan
99
Dec
100
Dec
-
Walworth
Co
13 Va May
99 %
Jan
9%
Jan
Dec
19
July
59
.
5
18
4
.
13%
48
41%
8%
62% July
y 135
July
27% July
48V2 Feb
,
4'A.Jun
.
4V» Jun
97% Jun
18% July
y 6. July
39% July
78. July
169 Feb
5
7
23 Va July 5
12V2 July 64
46 -. July 5
•
11
80 May.31
-23% May 29
5V4Mar24,
62% July 5
115 May 30
■
52
Mar 7
7
4
9
14
17
Feb 14
119% Jun 12
14% July 5
•
47% July b
77 - -Jun 21
39% Jan 15
35'A July 7
120 Jun 27155
July 6
Oct
44 Va
Nov
Jan
'
4
7%
Apr
19%
Jan
13"% Jan
108
Oct
Apr<•
x42% July
.
Apr
114
Jan
'
4% Nov
Oct;
8 Vs
July
9%
8% Nov
Jun
*
29 Vs
Jan
'2i>%
Jan
i
42
Jan
V
44%
32
37% May
July
Jun
U
Jan
3% May
25 Va
Jan
46% Sep
101
Jan
64%
Jan
74
47%
>
Jan
46
Jan
130
*'
Dec
62
May
-
Nov
Jan
125
July
20% Nov
29
Apr
42 Vs
Jan
50% Aug
1%
6 an
3% July
%
Jan
■
3
Oct
Oct
56
Jun
88
13%
Dec
20%
2%
Ntv
30%
Nov
6% July
41 Va July
59 V4
Jan
July/
'
•
100
—No par
—No par
40
;
G & W—No
preferred
100
par
—No par
—No par
.
Jan
3
10% Jan 19'
26% Apr 1
105% Mar 27
48
Feb 4
IIVa Jan 12
IVa Jan
3
59% Mar 13
12% July 5
30 May 25
106% Apr 13
53 Va July 6'
18% May 26
10 Vs Jun 27
.-
59% July
112
5
3
44
3
28
15.'25
15 -
10%
30
15.
5
7'".
181%
Jan
75%
■
39% Jun
3
23
29
20
25,
Dec
5%
July 5
May 20
July 5
.Jun 28
,*
25% July 3
.112% May 31
8% July 3
10
July 6
y 37% Jun 27
46
Mar 6
.
41% July 5
, .
2% Jan 20
53% Jun 27
, .142% May 18
.
61
Jun 26
75
Jun 27
.y
Jan
lbri
.
..
28
149
5% Apr
t
4% Jan
84%
21% Feb 17.
v 88
Jun 27
180 Mar 13
,
27
18
26
4
4
27
3% Jan
12% July 5
104% Jun 23
19
102
100
—100
preferred
System-
53 Vi
52
Oct
14
53%
Jan
150
Jan
;i5% Jau
8% Ja'.i
25Va
115 ;
Jan
Mar
75% July
165%
Nov
25% July
12%
Feb
37%
Oct
120
Oct
40 Vs
Dec
44%
51
Jan
65
57
Feb
67 % May
'20% Nov
2V4 Jan
39
Jan
20
Va Jan
.
26%
Oct
Aug
Feb
6% July
68% July
45"
40
Oct
Oct
27
Jan
29
V4 Jan
80
Jan
110
Aug
113
Jan
150
Nov
35%
Sep
1':/.'
4%%
Wabash
53 Va
;
Jan
.
21
Apr 19
Jan 4
;33
W
;2.100
12'A May
41V2 Jan
-63% Jan
70
Feb
21% Jan
4
Feb
52
Feb
113% Jun
38'% Feb
37
Jun
,
.
25
25
I
Vulcan Detinning Co.
——-
^
6%
100
^100
100
preferred.
$5
-
—..No par
Chemical
Va Iron Coal
120
120
*117
*117
6%
1
100
.
5
1O0
100
5
J
Co_^„
non-cum
116% Jan
100
•VlctoT Chemical Worksi
Va-Carolina
'
Co_6%
Sugar
Vicks Shreve & Pac Ry—-
590
.
-5
preferred
Chemical
Vick
•"
2.100
-
1%-1st
9'A Jan
37 j Jan
-
Vertientes-Camaguey
8,300
"
38%
,35V4
V
17% Jan
of Am..——No par
2.50
Cos.
Norman
Van Raalte Co Inc.—.1
5%
500
,
114
45-
25
Mar 20
1.00: '' 162
preferred—
8%
c
■
4%
113%
*43%
113%
10
23 V8
4%
Co
—
100
.
85
23 Vs
4%
Jan
Apr
Jan
Apr
Feb
Feb
Jan
-
'3.100
*
23 Vs
38%
*38
38%
*34%
85
10
80
4%
Rubber
<
100
'
47%
44
43 Va
44%
*46
*76
8
Van
-
14
80
25
19
3
18
2
40
7
130
13
52% Feb 7
8%
30%
40%
35'A
1
INo par :
.
10
8%,non-cum 1st preferred
100
.U S Smelting Ref & Mlq.
50
Preferred
i
50 1
69
May
U S Steel.Corp—
:
—No par :
50% Apr
i
Preferred
;
;
100
xll9% Jan
.U S Tobacco Co—*
No par
22
'May
1% non-cum preferred—25 V
44V2 Apr
United "StookyardS Corp
-1
2% Jan
United Stores class A
5 4
2V» Apr
$6 conv preferred
No par '
76 ' Jan
Universal-Cyclops Steel Corp^
1
14% Jan
Universal Laboratories Inc
i-1
3V4 Jan
Preferred
j.
-I—
1N0 par
" 31
Jan
Universal Leaf Tob
.No par
68 :Apr
U
Vanadium Corp
:
119%
47%
23
22%
v
-
*80
|
62%
62
62
61 Vt
113% 114
114
*37%
4%
4%
4%
4%
61%
22%
13%
13%
47%
85
76
*80
*118%
118
47
*76
47%
80
OO
*46
47
13%
14%
*46
47%
f—1
119 Va
*76
*61
*46
16% Jan 3
110
Feb 10
5% Apr 24
10
20
10
1
J
Pipe ic Foundry.—
Card Co—
8.900
12%
46
Jan
2V2
.
7% Feb 10
97% Jan 4
14% Jan 3
70
Mar 28
< 170 > Jan 10
8% Jan 4
42 ' Jan 7
34Vt Apr 24
5 *' Jan 19
a—100
.;
U S Playing
4.400
22%
12%
14 Va.
13%. 14
47%
14
22 Vs
12%
*118%
'
118%
118%
22%
12 Vs
46
46
*45
46
*45 Va
*118
21%
12 Vs
.
,
—1
Preferred
U S
'■
23 Vs
11%
12
.
.
*
169 Va
22%
<
22 Va
.
preferred
No par
—No par
No par
Co..
Lines Co
U S
300
74%
4
5%
5%
1%
52%
4V4
16%
16%
*41
/
2'/a
46%
97
900
10
36 V4
46
10
Prior
1,500
*9%
36%
44 %
Leather
S
Partic & conv cl A
53.100
60%
134 Va
46 Va
Va
136%
27%
U
110%
41%
53%
62;
4.900
•
50
5% % conv preferred—
U S Industrial Chemicals.
110%
9%
5
Mach Corp
U S Hoffman
90
5.500
36%
*
20
100
Co..
preferred—.
1%
3.500
41
8
Freight Co—
-U S Gypsum
3,000
"•4
7%
8V4
No par
No par
—No par
No par
iNo par
1st preferred
$6
U S
130
25 Va
/
6V4
20'A
110
61
22
par
.___100
Co——
U S & Foreign Secur
;
'
7%
8%
9%
,
1.500
83 Va
13 Va
113%
.
_
,
3.900
17
24%
4 V4
V
80
49 Va
40%
.No
Co
preferred
Carbon
13'A July
28% July
.
6.600
7%
4
4
4
12 Va
25 Va
46%
*46
3.800
13
41
8V4
45
*74%
330
6Vt
*47
*110%
37%
134%
27
27
27
2.000
24%
41%
60
onr
103 Va
175
175
8%
134
-
V
60
83 Va
84%
175
113%
53
-
5.600
15
7%
41%
136%
*135
*59
40%
8
45 "V
52%,
52%
52%
*134 Va
41%
9%
>,•
16 Va
17 Vi
13%
"37
2%
2
2
84%
*174%
'
40%
40%
40%
1%
45.
12%
104
48
8%
36 Va
*43%
45
Z:
12%
•
.
July
Jan
Nov
Jun 26/;
66
18
7Vt
35
8
26
5v
30.
7
/ 13'A July
-
25
82%
19
116%
5
113%
3
20%
3
111%
1
98%
6
; 28
6.. 30%
24
106 .
18 / . 30%
53% July
16%
'
104 Va
6Va
103%
16%
; no
'
6%
13%
*110%''
9%,
*9%
36%
36%
12%
25%
8%
*14%
.
103 V4
48
,
Va
36%
13%
7%
113%'
8 s, a
8 Va
9;%
36 %
"
15 Va
47%
41
8
*110%
1
47%
25%
25 VA
8 Va
■
40%
40%
7%
84%
1%
13%
47%
40%
*110%
17 V..
13%
13 Va
*46
7%
59
85 V4
103%
174%
40 Va
24%
12%
17%"
85 %
*
174%
13%
*46 V2
o
8
9
-j .vy
~59 \;v*
104%
6 V8
104
*103
17 >A
84%
85%
14%
36%
*103
6%
12%
12%
16%
174 V*
15
104%
6%
104
1%
37
'
6Vt
'
104
16%
16%
85
37
104%
12 Va
104%
14%
14%
61/4
12 Va
85
1%
1%
104 Vt
104 Va
12%
85
84 V4
37
36%
36%
104
8%
59
i,
'
1%
...
14%
14%
14%
*36
104
"
:
85
84%
1%
8%
8%
8%
8%
85%
*104
105%
"
59%
8%
!
*29 Va
6
105V4
'
60
•8%
60
105
104%
104%
*104
105
/
Biscuit
conv
41% July
•
May 4.
22
Jan 18
Mar 23
114
Jun 13
May 5
68 Va July 7
United-Carr Fast Corp
Jan 3
26
Jan 21
United Corporation..
No par
1% Jan 3
1% July 1.
$3 preferred
No par
31% Apr 19
36% July 3
United Drug Co
;
'
5 .->4 12% Apr 18 i
17% July 5
A $4.75 preferred.
No par
95'A Jan 4
105% July 6
United Dyewood Corp
—1
6
Feb 5
9 Va Jun °7
Prefeh-ed
—100
45% Apr 19
62% Jun 26
United Electric Coal Cos
5
8
Jan
6 /
11.% Jury 5
United Engineering & Fdy_.
—5
26% May 5
31'A July 6
United Fruit Co...
No par
75 Va Jan 12
86% Jun 27
United Gas Improvement—No par >
l%Jun
3
2% Jan 3
Wi
J—
13%
14
Jun
8.
15% Jun
8
United Merch & Mfrs Inc...;
1
28 Va Jan 19
39% May 3
5% preferred
—100
98% Jan 3
104% Feb 21.
United Pdperboar.d
10
4
Feb 9_.
6%.July 5
5%
'
,
102% Jan 19/117
100
preferred ..'——
United
1.200
68 Va
Air Lines Inc
United
10
67 V4
.5
rL—100
10
preferred..—
conv:
4 % c/o
4
1.000
114
24%
*24
5%
United
-300
22
22
114
.
117
117
21%
21%
21%
*21 Va
*113
,
Feb
Feb
Feb
Feb
Jan
Feb
26
Jun
25% Jun
.100% Feb
22% Apr
.
.
51'A Jan 10
9'A Feb 7
76%
113
109%
18%
93%
92%
.—No par
•United Aircraft Corp
13.100
30%
'
6% July
Dec
8% Jan
May 29
July 5A
July 6
Jun 22
July
July
Jun
Mar
Jun
Jun
Jun
July
May
102
May
13% Jun
.
6
.
100
preferred
non-cum
>
25
100
^
Union Tank Car...
800
29 Va
104%
30%
104 Va
29 Va
*103
25
4%
-
1,100
27%
29%
66%
66%
98%
29
21V4
Union Pacific RR Co:
1,900
111%
110 Va
111
110
<
Union Oil of California
4
8% Jan
/
series—
Preferred $4.50
10
.
6814 Jan
.
No par
No par
No par
& Carb
Union El Co of Mo $5 pfd
50
9,500
20 Va
27%
104%
1.
114
*23%
113
xl9%
20%
29%
120
21V4
*113
116%
*112%
113
104 %
29 Va
*116
*114%
i
5.900
27%
104
29
110
110
..r
116%
20 Va
20.V4
19%
110
116%
*112%
Paper..
81%
•
No par
Fisher Co
Union Bag &
98 V4
29%
28%
113
I
20
-
110
*'■
27%
27%
104
116%
*112%
113
113
81%
81%
81
*114%
116%
*114%
116%
*114 Va
82
■Under Elliott
Carbide
,
:
—No par
"800
11.100
Union
,:
;
100
Co
i§|:i| U fllli I
"
,
No par
Film Corp
Cen Fox
$1.50
t
.
"170
98
*97
..No par
No par.-
:
Corp
Rayon
July
5 ,:
18%
Feby 4
5
Jan
4%, 98%
Jan
3
11
Mar 1
20 Va
Feb 17 / . 26 Va
Jan 3
v 33%
Jan
4
104'A
5% Jan 5
8%
3'A
85 .
... 8%
15%
21%
28%
100
1-
Corp..
$6 preferred
Jan
33 Va
7
23% July
12 Va Jan
No par
Transue & Williams St'L,
2.800
;
...
17'/a Apr 25
.5
West Air Inc
Tri-Contlnental
2.600
10 Vt
18%
.
28Va Jun
17 .
107%
30%
52
10 Va
.
.
L700
'
95%
10%
18%
44 Va Jun
4% July
Products-——No par
No par
Transcont'I &
24.800
18%
10%
18%
'
95%
97
*95%
10%
19% : :: /
26%
26
33Va.V
8 Va
8
96
;
10%
.
5
4%
5
4%
19 %
-26 Va/"
"*103%
104 VA
*103 V4
,
96
97
98 Va
*96',4
5
13% Mar
v' 6,100
18'A
4%
4%
4%
.11% Jun 13
,
7,900
22%
17
22
21%
25
..
.
.
4:700
Jan
47% Jun 28,
6% July 7
32% Jan 10
2
Jan 4
.(
$3.50 cum preferred
—Ni par
18Va Mar 6
Tide Water Associated Oil..— —10 V;
13 ; Feb
3
$4.50 conv preferred
No par
100'/a Jan 3
Tlmken Detroit Axle
10
25
Jan
3
Tlmken Roller Bearing.
No par
43% Apr 24
Transamericu Corp
.2
8Va Jan 13
3.500
■S'\
Jan
3%
.
43
Jan 11
4'A Jan 19
Thompson
13% May
•
8%
,
Thompson-Starrett Co
550
105 Vt
,
10
Thompson (J. R)
16:400
29%
29%
105
105 Vt
105
.
.
5»A Mar
41%
26% Mar 21
24Va July 5
57 ; Jun 22
par
;
1.700
105
..
Jun
Apr
Jan
5
11 Va Jtily
45
Jan
3
5% Jan
6
9
Feb 16
92
Jan 31.
.113
May 9
7 ' Apr 19 %
9% Jun 29..
+1
Transit Corp._No
Third Avenue
15.900
15%
104%
1
8%
Jan
35
36 Va July 3/
19 Va Mar 16
,
4..
9 ;/>
;
100
Preferred
1.200
.
17
16%
105'A
16%
15%
105
200
26
26
27
26%
16%
■•'•V'
i
14Vi Feb
8% Feb
.—No par
$3 dlv conv preferred—..
10,100
13
100
Ry Co
Thermoid. Co„
-
30
^
6%
h
__1
Land Trust—i.
The Fair—
30
7.400
47
47
6
*12%
28 Va
15%
"
1
;
:
9%
CV8
i3Vs
4Va
50
'
47
(•- 43%
44"'
28
28
8%
10
6% July
32% Apr 19 ;
No par
Oil
5%
87/a Jun 39?•
49
Mar 17
6%PJuly 6
12% July 5
50Va Jan 10
17% Jan 4
Thatcher Mfg Co—
__Na par & 12% Jan 13
$3.60 conv preferred——^-No par r ;'50Vt Feb
4
100
^
112
9
5%
13
4%
4%
47
6 Vs
43%
;
*8%
!
4% Feb 28
.
Coal &
Texas Pacific
3.800
56%
Pacific
Texas & Pacific
'
23%
*111
Texas
26.200
i
—No par
5
5
Texas Gulf Sulphur
7.300
f
3.600
56 Vt
9%
9
47%
/.
*12%
13
44
15%
IIVa
25
Corp
Corp_—i
(The)
;Texas Gulf Producing
26:300
24.
v
23'A
'
112
*110
9%
5%
5%
27%
..
8%
*8%
85/s
113
'
9%
47%
,
.57
*8%
8%:/-
4
V4
27%
27'/a
23
9%
*43%
44 Va
44
24%
10%
24
10%
24%
V
,
115
13
13
*12 %
10%
24
23%
5 5,^
5%
*5 Va
10%
*56%
*47
Va
47
*47
r
18 Ve
24%
24 Va
9 V4
,36
10%
57
*111
17%
24 %
23
*8%
8 Va
112 Va
26
18%
"'
23%
*56
57
6%
6%
,
36%
V
22.
/'■
21V4
6%
6%
6%
6%
6%
7 \ Jan
5
42
Jan •3
4Vt Jan 12
10% Mar 29
45% Feb
7
—fl
50
partic preferred
5 Va %
20
12%
36
18
10
23 To
47%
(James)..
48%
17%
17 Vt
10
21'A
*46 Vs
63a
6%
17 J/4
*56
46 Vs
Talcott Inc
200
12%
6 »/4
*23
46 Vs
V
8%
48%
6
12 Va
36 V3
*8 Va
12%
12%
12 Va
35 To
8%
48 Vs
6Va
6
6
6
*8%
47 Va
8%
24 Va
Jan
40 %
7%
Jan
11% May
20%
Jan
28% July
103
38 Va
Feb
Jan
15% Jan
4%
Jan
109
54%
Dec
Jun
Oct
18% May
9%
Jun
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4297
Volume 160
NEW YORK STOCK
RECORD
July I
$
$ per
per share
11
2
*10'%
2
no%
v:"
*1%
'>!.■"
*55%
57 %
13%
57
'13%
July 5
July 4
$ per
share
share
11%
11%
t
*10%
2
58
2
13% ,13%, ;
13%
14%
13%
14%
32%
.
32%
32%
32%
32%
33
1,300
*32
13%
1,200
Warren Fdy
45
2
3
$ per share
Jan
%
13
May
2% Mar
Jan
26
Jan
July
15% July
27
22
Dec
32%
11% Apr 24
May 18
14% Jun 27
22 5,8 Feb
14
33% Jun
22 % Apr
No par
No par
4%
62
Apr
Highest
S per share
11% Mar 31
9
27
Jan
Lowest
S per share
27
1% Feb
5
;
& Pipe
Year 1943
Highest
share
Jan
8
50
.
Pictures
Warner Bros
26,500
14
32 %.-
S per
par
No par
No par
cl A„
preferred
$7
600
57%
.■7-'V:
:
Ward Baking Co
Class B——
300
..v".
2
T.
Shares
10%
,
57%
'
Lowest
EXCHANGE
the Week
July 7
Range since January 1
NEW YORK STOCK
Sales for
,
$ per share
11%
2
58
57%
57%
,
*10%
2
2
2
Friday
$ per share
$ per share
10%
57:
Thursday
July <>
Wednesday
Tuesday
Monday
July 3
Range for Previous
STOCKS
LOW AND HIGH SALE PRICES
:
Saturday
135
Jan
7%
56
*32%
33
*23 %
*23%
24
24
24
24
24
24
241/4
1.300
Washington
25
241/4 July
15%
*19
191/8
19%
19%
19%
19%
19%
19%
1,000
Waukesha Motor Co
5
15% Apr 25
19% July
12%
Jan
20'/a
28%
28%
28%
28%
28%
28%
28%
29 \"
29
1,000
Wayne Pump Co
1
23
29
7
17%
Jan
26
28%
10%
lO'A
9%
10
2%
Jan
Apr
23%
1914
7
6
Jan
24
*18%
9 %
♦
10
94
23%
90y2
94.
*90%
•116%
*25
24%,:
*106
116%
25%
80%
80%
25
95%
116%
26%
28%
*105%
107%
*105%
107%
35'%
34%
35%
34%
34%
6
6%
5%
5%. '
•
16
15%
I6V4
15%
16'A
151/4
15%
49
48%
28%
49'/4
49%
51%
50%
51
28%
28%
28%
25%
-105
*132%
1
*34%
'
105%
135,
134%
*132%
34%
31
*109%
110
,
111
1051/4
.
,■291/4
93/a
*9
8%
109%
109%
106%
76%
20%
20%'
28%;
29
9
ft'i
/
8%
%
.'78%
82
82%
83
83
*28
28%
*28
28%
28%
28%
*8%;i
'•-/v. 81/2 Z 8%
17%
17%
22
23
10%
11.:
91%
92
241/4
23%
19
22
10% >11
,
92
13%
13%
13
♦123
5
Z
*22
32
31
Jan
40
July
25% Jan 13
31
July
1051/2 Jan
12
110
101 % May
26
105% July
100
59% Feb
19
72
100
97'A Jan
3
103
-
No par
20% Feb
par
*99%
*89
V
*99%
*89
—
*89
1,100
r
M
,5:
8,400
32%
5
12,400
36,700
-
66
66%
66%
66 »/2
67 m
67 %
79
80
80%
81
67%
68
68%
69%
69
35
34%
34%
35
13'%
*66
65%
13 %
13%
13%
19%
20%
40%
41%
'67
*77
80
68
'68
*34%
•
13
r
197%
19%
40%
40%
41%
17%
42
♦Bid
6%
and asked prices;
78%
69%
69
34%
35
35
12%.
13%
12%
$6
17%
no
17'%
42%
41%
6%
6%
tin receivership,
sales on this day.
a
22% Aug
10% July
•
Apr t
27
Oct
6% July
201/a July
2'/a Jan
9% Jun
6
24%. July
5
5
Jan
3
V 11% July
5
8
No par
8OV4 Jan
4
—10
10% Jan
7
13% Jun 27
•
20% Jan
Worthington P & M (Del)«—No par
7% preferred A
;
—100
6% preferred B—
100
Jan
149
134
Sep
July
6
44% Jan
54
Jun
68% July
6
46
57% Jun
5
69% Jun
8
78% Dec
12
58%
Jan
70%
Sep
6
351/4 Jun 30
Sep
91/4 Apr 25
13% Jun 30
27% Mar
25
1
14% Jan
Jan
20% July
3
21%
Jan
31%
~7%
Jan
30
Jan
171/2 July
41% July
82
Jan
98
9%
Jan
16% Jun
42% July
96'
Jan
6
1041% July
Youngstown Steel Door
13
Jan
3
17% Jun 28
No par
2,700
Zenith Radio Corp—
.No par
33% Jan
3
42% July
Zonite Products Corp.
1
3% Jan
19
6% July
19%
5
15,000
5
r Cash sale,
s Special sales,
wd When distributed.
x-Ex-dlvidends.
2
Jan
Jan
y Ex-rights.
Transactions at the New York Curb Exchange
Daily, Weekly and Yearly
Daily, Weekly and Yearly
and Miscel.
Shares
Bonds
July 7,1944
Foreign
Total
Government
Railroad
Number oj
Week Ended
Stocks
United States
Stocks,
Bond
646,540
$3,080,000
$364,000
$7,000
1,027,000
54,000
8,538,400
1,060,000
T 23,000
9,561,409
Wednesday
Thursday
Friday
:
Total-
9,581,700
7,990,500
519,000
$3,383,000
$84,000
$5,000
57,000
3,000
692,000
549,000
z\ 3,000
664,000
HOLIDAY
112,000
802,000
513,470
77,000
639,000
42,000
2T660
2,260,415
Total
725,000
421,350
Thursday
$39,336,500
$2,872,000
$329,000
$32,000
X:
1943
1944
July 7
1944 ..rv■■■:
1944
1943
shares
7,635,240
4,136,885
138,978,165
$52,000
1.559,500
$3,652,100
61,435,500
$1,740,109
68,608,700
2,009,627,800
.
■
$2,872,000
Bonds
Foreign
Railroad
&
Industrial
Total
$3,184,000
206,000
20,000
34,472,410
1,546,560
July 7
1943
45,595,347
Bonds
•
Government
702,000
$3,233,000
177,666,562
$84,000
3,383,000
Stocks—No. of
1944
1943
2,260,415
Stocks—No. of shares—
'
Jan. 1 to
Week Ended July 7
Jan. 1 to
Week Ended July 7
$373,000
$41,000
632,000
637,840
8,509,500
$35,869,500
Total
Corporate
$327,000
—
Wednesday—
10,054,700
•s
7,635,240
...—
473,000
1,277,430
—.
...
Foreign
Foreign
Government
223,450
1
—;
Tuesday
...
ZI
Domtstio
464,305
Saturday
HOLIDAY
Tuesday
of
Shares)
7,1944
7,759,900
2,435,770
1,713,100
Week Ended July
$3,451,000
6,678,900
Bonds (Par Value)
(Number
Sales
Bonds
Bonds
1,562,400
'Z-Z;
S.
Nov
37% July
4% May
Transactions at the New York Stock Exchange
U.
Apr
5
5
7
3.600
Stock,
108
87% Mar 14
Apr 26
6%
n New
Jan
Sep
70
58
No par
33% Apr 24
410
Oct
Dec
100% Oct
Jan
.
Young Spring Si Wire
:
No par
Youngstown Sheet & Tube—No par
5%% preferred series A
100
2,700
25%
104
49
Mfg. Co
16%
27
23
67
(Del)
42'/a July
Jan
5
Jr
24% July
Jan
jun
47% Jan
(Wm)
Dec
Jan
105
12
;
121
17%
30%
100:
Jan
:
Jan
6
32% July' 6
4
101% May 26
94
86'/a Oct
11% Apr
21
July
42% Jun
3
36% Jan
—10
(F W) Co
24
19% Apr 27
—10
Jan
Jan
9
115
100
pfd
9% Sep
4% Jan
57%
951/2 July
5
41%
Deferred delivery,
7Va Oct
86
Jan
Jan
11% Jan
York Corp
15.200
42
Jan
Jan
*20%
2%
41%
6%
2%
40
Jun
5
X6 %
42
3% Jan
9% Apr
3
:
Yale & Towne
500
103% 104%
>17'^": 17%
>f<
20
Jan
7
Feb
Co.—
preferred
Wrigley
16,400
201/4
'
41%
42%
103%
"70
13%
26
Jan
5
No par
4%% series.
100
pfd 41%% Conv series—100
/ Wright Aeronautical
No par
1,200
69
35
v
Jan
13%
Prior
600
78%
1
15
22
Mar 23
11
Prior pfd
800
t
v::' 69
20
20%
41%
103'%
17%
f
'
20%
42%
104
6%
42
6%
6%
79%
.
17%
17%
6'%
79
41%
17i%
:
68%
Z
20%
20%
421/8
104
42
17%
13%
102%' 103
102%
>102
*34
V
*68
58% Jan
Jun
Woolworth
..
"
68 i
*67%
68%
7
24% July
71% July
29% July
Woodward Iron Co.—...
,
£—
67'
Oct"
6
21
•
,
*
67
Apr
99
Jan
7
.Wilson-Jones
*99%
05%
65%
65%
60
Jan
18
7
Wisconsin- El Pow 6%
*89
Mar
85
Feb
24
Jun
31% July
7
7% Jan 24
.
112%
5
52
Feb
preferred—
preferred
29% May
6
July
18
conv
July
May 18
20
Wilson & Co Inc
2,800
*99%
22% Nov,
106% Jan
24% May
'
'
*89
■
27
Jun
—1
■
*99%
5
July
Prior
1,700
,/ 32%
24
White Sewing Mach Corp
2,300
32%
Jun
6
f
41%
^
36
.1
>
41%
41%
31
30%
Jun
4
Jan
32
.*
Willys-Overland Motors
6% preferred (called)
4
*123
130
'
4,600
13%
;'1 23% V, 23%
41% ? 41%
24
100
Jan
8
4% Jaw 14
113
31
41%:
41%
30
13%
13
23%
Jan
7
Mar
_5
95%
s-
Jan
120
Feb
127%
Wilcox Oil & Gas Co—.
i,
10%
%
*123
23%
231/4
23
41%
30
95
13%
15%
81
37
Apr 24
x91
28% Jun 27
13%
11%
94%
13%
13%
10%
94%
27
July
108% Jun 19
Apr
Jun
21
"
114,000
i
23%
49% Oct
24% Dec
9% July 5
85
Jun 13
95
11%
92%.
*123
22%
41%
30
23%
10%
V
*123
—
22%
41%
,
-
11%
Oct
80
$4
Dec
6% Apr
Nov
30% July
Jan 27
"v*
-
*91
8%
19%
8% Z
2% Jan
5%
Sep
31%
Jan
66% Jan 28
100
16% Oct
110
37%
x64% Jan- 24
i
18%
8% 4 8%
18'/a •>19%
23%
17%
20%,
Jan
Jun
22
10
20
No par
..20
t
*
Jan
19
Oct
87% Oct
119
7
7
7
I6V4 July
51% July
3
Feb
Jan
103
5
3
par
..20
80
28%
23%
19%
22
3,600
83
'28
6% July
22% Jan
White Rock Min Springs— No par
11.100
11%
5
White Dental Mfg (The S S)
400
14.800
9%
83
26% July
White Motor Co
980
'
■->; 8% ' , 8%
8%
1
7 Va Jan
41
—No par
,
Wheeling Steel Corp:
$5 conv prior pref
13,800
"9%
91/4
82%
preferred—%
preferred
Wheeling & Lake Erie Ry__
5'% % conv preferred—_
.50
-50
-
80
9%
9%
*82
28%
*28
$4.25
>
29v -
9% n
$4.50
*20% -i 21->
29^-Z 29%
20%
91/8 •/- 9%
9%
9 ^
9
781/a
'
28%'
40
100
74
•
No Par
*
Jan
138
Westvaco Chlorine Prod.
\
57
109* / Jan
10
107% July 7
35% Jun 13
1
Feb
26% Apr 25
7
3% Jan
-
12.50
Elec
Aug
99
96% Mar 23
4
103
50
Instrument
Weston
.
Dec
85
Jan
6
5
117% Jan
1
No par
preferred——*
partrc
700
•30%- 31
'
20%
9%
9%
9%
77%
■k;
1st
1,100
101%
v
Westinghouse El & Mfg——.—50
;
20%
Jan
3
*
———No par
V Westinghouse Air Brake
V ■'*
105%
*72
30% '31%
20%
28%
9
20
111
101%
82%
*82
3,800
.
34% '34%
Z: 105%
72
1
135'
31
*101% -101%
31%
76%
;
9,700
f
i
104%
*108%
5"
*1051%
-.
72 /
76%
28
-
*30%
-V;
72
*20%
r-
•
30%
,
31%
*T
Z
34%
34%
30'/a
77
28
28
■>
30%
v.
.
101%
101%
101%
■
105%
105%
*71
*101i/4
20'%
•20
■
72
*71
,/v
29% /; 29% n
76
• 76%
;r
'
34%
31
Z
34%
*104%
101%
26
1
30
30
.
26
-
5.600
1
27
103%
134%
*109%
72
Z:.
103%
134%
*341/4
30
*70'%
-.25%
100
134%
1103%
*101%
25%
25%
104%
i
Class B——,
Jan
67%
911/2 July
106% July
161/4 Jan
Pulp & Pap Co
No par
preferred
100
Supply Co_
——10
Western Maryland. Ry—
—100
4% norr-cum 2nd preferred
100
Western Union Telegclass A-No par
;
"21.500
8%
50%
3
16
85% Jan
6%
2,400
1.
30%
29%
30
-•*
251/2
105i% 1051%
*109%
30
,
■:
8% July
26% July
79% Nov
19
Apr
Jan
■
113% Apr
Western Auto
12,400
•
pfd
Jan
Jan
83
96% Feb
83
West Va
20
,
4%%
Power
Penn
17%
69
5
25% Jun
9
18% Feb
1
100
100
100
-
West
2,700
t
15
51%
105%
*132%
35
*29%
.
■!,
;i'V
25%[
135
3,700
1
■
6
-
Sep
Dec
July
5
25% May 31
3
26
77 '•< Jan
Sugar'Corp
preferred—preferred
6%
u.
80
•
15
50%
v.:-
104%
253%
105
i
30
5%
51/2
.
"t
.
34%
*■
15%
48%
*28%
27
1%
,
200
107%
*34 V-
:
'"f
Indies
6% Jan
22% Jan
West Penn Electric class A.JVo par
170
120
96%
26%
34% '
-•>:
'i
116%
107%
107%
34%.
West
14.700
■
92 J
116%
26%
26%
'
24%
July
10% July
par
No par
:
$4 conv preferred
200
6
Jan
No par
No
Wesson Oil & Snowdrift
1,600
105
96
96%
*106.
35
6
6%
6
6%
*
26%
24%
*91%
Gas Lt Co
Eisenlohr
Webster
37,600
>
I
81%
/ 105
117
1
25%
*80
91% Z
106%
96%
107%
*105
!'/■
26
25%
>/*
25%
?
/
-
24%
9-1%
106
117%
*95%
116%
24%
106%
117
10%
9%
91
90%
96
117
25
80%
106
108
96
'96
10%
25%
24%
901/4 / 90%
105% 105%
"94
10%
*80
80%
*80
80%
.
25%
24% " 25
24%
24%
*80
•
35,869,500
$39,336,500
.50,521,800
1,575,366,300
Domestic
Foreign government.
329,000
i
32,000
Foreign corporate
$3,233,000
TotaL
$52,133,300 $1,640,453,900 $2,079,976,600
Stock and Bond Averages
Below
listed
on
are
representative stocks and bonds
Co.: -
the daily closing averages of
.the New York Stock Exchange as compiled by Dow, Jones &
—Bonds—
Stocks
10
20
se
Indus¬
Date—
.
Rail¬
trials
road!
July 1
148.46
July 3
149.32
ties
Total
Total
10
First
Second
10
.65
Indus¬
Grade
Grade
Utili¬
Rails
ties
Bonds
101.78
trials
Stocks
Ralls
40
41.49
24.05
52.96
107.20
108.88
80.44
110.61
41.82
24.21
53.30
107.26
109.07
80.71
110.80
101.96
HOLIDAY
HOLIDAY
July 4
July 5—_______
July 6
July 7
IB
Utili¬
—
10
149.66
41.71
24.23
149.06
41.82
24.12
53.22
149.36
42.02
24.28
53.39
107.24
53.35
'
109.36
81.44
110.79
102c,21
107.29
109,35
81.55
110.79
102.25
107.39
109.30
81.50
110.91
102.28
•
$99,886,000 $123,506,000
5,991,000
8,600,000
575,000
728,000
$3,410,000 $106,452,000 $132,834,000
THE COMMERCIAL &
,136
Bond Record
New York Stock Exchange
«»
FRIDAY
NOTICE—Prices
weektV£tnd *
week, and when outside
the
the
The italic letters in
WEEKLY
-
Interest
Exchange
Period
S. Government
U.
1947"J???
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
iy^-1952
1946-1948
—1951-1953
1955-1960
1945-1947
1948-1951
1951-1954
-—1956-1959
1958-1963
1960-1963
1943
-—1948
—
-
_1965-1970
1967-1972
—1951-1953
1952-1955
1954-1958
1956-1959
1947
Mar 1948-1950
Dec 1948-1950
Jun 1949-1951
Sep 1949-1951
-
.
2s
Treasury 2s
Treasury 2s
Treasury 2s
Dec 1949-1951
-March 1950-1952
Sept 1950-1952
Treasury 2s
Treasury 2s
—1951-1953
—
-—1951-1955
1953-1955
June 15 1948
2s_
Treasury
2s
Treasury l%s
Loan Corp—
Home Owners'
,
•:
York
New
*110.15
111.11
102.21
*106.16
106.18
109.16
109.3
*111.25 111.27
*111.24 111.26
111.9
112.5
102.28
106.16
106.16
*107.18
103.26
103.31
*103.16
103.18
100.12
100.11
100.3
100
10
100
100
100
100
100
100
4
ioo
100.12
100.9
106.24
106.9
*101.31102.1
107.12
100.6
100.6
100.2
*104.3
101.31
101.31
104.27
104.8
101.18
101.16
£
v
—
100.31
100.13
100.5
100.19
100.16
H *105.12 105.14
ioTi"
1
100.28
100.28
„
101.12
1980
J-D
108% 111%
34
37%
*39
34
41%
1947
F-A
*39
36
40
1952
J-D
73
10
59%
75
57%
71
(City)
5s
Rica
1953
of)
loan
1951
1W-S
1949
F-A
71
100%
1942
1962
4%s
F-A
§A2d series sink fund
5Vis
A-O
M-S
paid
AJugoslavla (State Mtge Bk) 7s
(Colombia)
i
*34
94%
104%
100
/
y
',.30
38
•
95
;
101%
__
.
100
*105
A-0
M-N
16%
17%
17%
10
94 %
94%
1
10
Nov.
to
5,
95%
1
96%
1
J-D
96%
1942,
to
5,
1942,
Nov.
5,
1942,
5,
1942,
South
J-D
(Colombia)—
5,
1942,
(City)
1959
Wales
18%
16%
17
407/a
32
40%
M-S
M-S
J-D
M-N
1952
7s
6s
1947
F-A
sink
6s
1948
A'O
59%
M-S
*65%
fund
(King of Norway)
Akershus
1968
4s
.
^
•
55
53
■'
^
50%
1
59 Vi
59%
40%
32
'
—-r
■
"
•
.
93%
7
V!:
17
25%
24
24%
s
f 7s series B
1945
J-J
25
24%
25
f?':■;■'' : 2
17
25%
s
f
7s series C
1945
J-J
25
25
25
'//
17
25
AExternal
s
f 7s series D
AExternal
s
f 7s
AExternal
sec
AExternal
sec
J-J
*23%
29%
17
25%
A-0
*23
24
16%
23 %
s
f 7s 2d series—1957
A-0
23
23%
s
f 7s 3rd
23 Vi
23%
72%
72%
series__1957
1948
f
S
Feb
External g 4%s
s
s
74%
98%
18
342
93
472
82%
93
208
82%
93
92
99%
M-N
95%
M-S
f 7s
J-J
93
98%
92
99%
82
92
99%
97%
99%
54
92
99%
95%
65
'
~
'■;,f 94
. r.
—
*101
1955
J-D
J-D
63%
63%
102%
50
74
102
101
•
63%
101
100 %
2
101% 101%
.1941
-
lABrazil (U S of) external 8s
AExternal s f 6Vis of 1926
95'/a
100%
108
*101
•
''•mm* '
,88
64%
47%
63
47%
62%
49%
64%
1957
A-0
61%
61%
62
46
1957
A-0
61%
61
61%/.
59
1952
1957
1958
1950
J-D
63%
63
63%
29
M-S
*mmm
96%
96%
96%
96%
1961
M-S
External s f 4Ya-4%s
1977
M-S
82%
Refunding s f 4%-4Vis
1978
F-A
External
readj 4%-4%s
1976
A-0
External
s
f 4Vi-4%s
1975
M-N
f $ bonds
1984
J-J
(Dom of) 30-yr 4s
1960
A-0
109 %
109'/4 109'A
57
108%
J-J
105%
105
18
104'A
3
101%
103%
102% 102%
40
96
1
6
Af-N
J-D
Af-S
*93
1947
Af-S
M-S
f 5s
87
Apernambuco
(State of)
7s
1959
1960
1961
1940
1958
A Stabilization loan s f 7s
—1947
A 4% s assented
1968
AExternal sink fund gold 8s
1950
A4%s assented
±
—1963
93
*104%,
96%
88
87
83
87
95%
87
(Rep of) gold 6s
assented
APorto Alegre
—1961
(City of) 8s.
1960
AExternal loan 7Vis
AExternal
A 7s
f 6%s of 1927
s
(Central Ry)
Brisbane
(City)
f 5s
s
Sinking fund gold 5s
Sinking fund gold 6s
Buenos Aires
A 6s
3%
J-D
m»m,
■
v
101%
*100
—
.
■/.
2
5
—
.
31%
16
41%
40%
21
22
65
16%
25
20%
19%
20%
116
16%
24%
20%
'"'19%
20%
86
17
24%
11%
26%
28
32
*26
*21%
23%
*31%
60
*21%
23%
/
12%
*23
43%
U
12
26%
44
36
44%
34
43%
50%
50
102% 102%
44%
15
39%
39 Ye
39%
> 79
47%
46%
47%
6
38%
38
38 %
41%
41%
41%
41%
2
93
93%
349
100 Vi
13
43%
A-0
J-D
M-N
30%
24%
*42
44%
26
14
*30
96%
A 8s
96%
A 6s external
95% 100
external
s
25-year 3%s
30-year 3s
30-year 3s
'
95
136
95
72
:
sink fund gold
external loan of 1926
municipal
Santa Fe external
loan
sink fund 4s
1940
1968
1960
1967
1964
<■
.
f
/
J-D
Af-S
93
T
21
4
81
83
83
85%
50
72%
44%
•
30
40
39
;
47%
29
38%
34
42%
34
42%
81%
93%
86
82%
82%
86
15
73%
86 Va
82%
82%
82%
4
73%
88%
61
61
.
61
3
........
105%
50
62
1967
J-J
1968
M-N
101'A
103%
Jan
15
1948
J-J
*102ye 102%
102%
Jan
15
1953
J-J
*103% 104
103 Va
104%
J-J
*104
104%
101%
105%
*36
48'A
Institutions
103%
3s
For Financial
13
A Carlsbad
A Chile
(City)
(Rep)
8s"™—
External
sinking fund
A-0
A-0
Feb
1961
1961
F-A
Jan
1961
J-J
assented
Jan
1961
AExtl sinking fund 6s
A 6s
assented
Sep
Sep
1961
M-S
1961
17 Vi
a
M-S
assented
Att.v external
AExternal
s
i 6s
sinking fund 6s
footnotes
see
pace
140.
1962
A-0
17%
■j*
17%
13
*
FIRM TRADING
MARKETS
19%
16%
19
18%
19%
16'A
17%
3
17 Va
18'A
69
16%
19%
16%
r.ARL MARKS & CP' INC.
19%
19%
,
18%
18
18
18
19%
37
16%
17%
16%
19
17%
19
16%
19%
FOREIGN SECURITIES SPECIALISTS
SO Broad Si., New York
4, N. Y.
19%
30
22
<17%
VC
18
SECURITIES
37
18
71
18
20
17%
18%
1
A-0
1962
Afis assented
For
J-J
17%
18 Va
18
18%
22
17'A
18
F-A
Feb
a sa
6s
M-N
i960
Assented
18%
M-N
I960
^7s assented
AExtl
J-J
1942
AExternal sinking fund 6s
A 6s
1958
.*1954
f 7s
194a
s
FOREIGN
—
19
19
Telephone HAnover 2-0050
50%
103
35
86%
86
2 Vis
,.
A 7s
A 7s
*93
Sul (State of)—/
extl loan of 1921
92
97
105%
40%
A-0
F-A
1953
AExtl sec 6Vis
Rio Grande do
92
(Province of)—
stamped
Canada
F-A
;
;
94%
104%
—
22
Af-N
F-A
APrague (City of Greater) 7%s—1952
Queensland (State) extl 6s
1947
ARio de Janeiro (City of) 8s
1946
88%
12
93
40%
A-O
A-O
A-0
A-O
J-J
J-J
J-D
J-J
A 4%s
98
94
88
<■93
J-D,
A-0
lAPoland
99%
106%
102'/8 102 Vi
98%
98
96%
98
100%
98
~5
96%
97%
100
*87
110V4
1961
93
:-i2^
100%
98
J-D
A-O
Af-N
s
99%
99
91%
99%
,
98%
98%
96%
1970
Oslo (City, sink fund 4%s
1955
APanama (Rep) extl s f 5s ser A.1963
A Stamped assented 5s
1963
Stamp mod 3%s ext to
1994
Ext sec ref 3Vis series B
1967
Municipal Bank extl
ANat Loan extl s f 6s 2d ser
98%
*1950
of 1928
1965
1963
101%
92
M-S
1956
4%s
(Rep of) external 7s
a Nat loan extl s f 6s 1st ser
98%
A-0
fund 4%s
fund
98
23%
56%
F-A
J-J
f 6s
External
16%
1
M-N
5s of '25.1955
1957
Belgium external 6Vis.
External
3
100%
100
.1955
1927
.
Af-S
A-0
F-A
sink
APeru
M -N
.1949
(Commonw'lth)
of
;
.
23%
92
1972
8 f extl conv loan 4s Apr
5s
—
16%
14
1971
f extl eonv loan 4s
External
A-0
J-D
;
1972
loan 4Vis
S
Australia
1
1945
f external 4Vis—
conv
J-J
1957
series
1st
(City) external 5s
1958
(National Government)—
AAntwerp
Argentine
S
1945
coll 7s A
F-A
sink
sink fund extl loan
97 %
97%.
1944
6s
external
97 '" "
*__
100
—
'A&
v
41%
103
89
*100
F-A
1957
1958
5s
<
AExternal
(Dept)
f
41
92
*103
(State)—
f 5s
s
External
4s
*
-;v:
A External
AAntioquia
s
13%
18%
19
*17
*—
1959
10%
16%
13
15
40%
J-J
agree
1958
9%
14%
—
*12%
11%
11/
10%
*14
J-J
17%
15%
10%
2 ■>:■..
11
10
11
agree
agree
External
;:
*57%
sink fund
AGld
10%
14%
17%
11
11
>
•
AGtd
11%
17
*13"%
agree
1933
1913 assent.
Nov.
*17
—1945
1910
Nov.
Q-J
1954
series A
External
Agricultural Mtge Bank
98%
*18%
f 6%s
s
10%
*~
Q-J
(Stale) —
s f 6%s
external
AMontevideo
M-N
agree
1945
external
Norway
28%
89%
10%
28%
19
16%
"l
19
99%
12%.
—
19
28%
1945
Nov.
to
to
A Sec
Municipal
21%
19%
*
75% * 94 %
11%
*99%
A-O
J-D
1943
assented-
to
A Sec
External
&
34Va
16
20%
*19
1954
extl 5s of 1899 £
(US)
Mlnas Geraes
Govt.
90
85
84
95
1957
4s readjusted
AAssented
Foreign
92
Irrigation—
§ A Treasury 6s ol
New
~i
1954
6%s
AAssenting 4s of 1904
A6s
81%
86 Vs
*95
J-D
86
67%
11
A-O
J-J
68%
85%
71%
92:
95
A-O
i.S60
f 6s series A
Irish Free State extl s f 5s
(Prov)
>
9
*95%
M-S
71
69
A-0
1964
1968
1952
-
s
150%
59 Va
;
part paid;
(Republic)
A-O
1949
1949
Government—
112%
•V.:. 59%
*95%
1967
(Republic of) 7s_
stamped.
Dart
81%
81%
1969
;
unstamped
A 6s
86
80%
22
85%
85
1961
French Republic 7s
Greek
83
86
1940
5Vis 2d series
AEstonia
85
.
1969
5 Vis 1st series
(
v
*70%
J-J
1955
5%s
gold
ri
71
107%
139%
*109
A-0
105%
106 Va
104%
*152%
AAssented
1-1693
8
A-O
AAssented
NY
107%
(Rep of) 8s ser A.1951
1952
32%
21
103%
~1
107
107%
49%
104%
-
106 Ye 106%
J-D
AAssenting 4s of
New York
39%
10
J-J
Customs Admin 5%s 2d series
.
v
6
32%
*104 % 108
J-D
AAssented
Broadway,
70%
31
i
:
1977.
External gold
v,
120
75
1945
5 Vis
AAssenting 5s of 1899
2-2300
42 *
1953
debt
wks
AAssented
REctor
~3
49%
70%
MrN
1949
69
49
49%
M-N
7s
4Vis
external
69
5s of 1914
(Rep
(Republic of)
A4V2s stamped
Teletype
69
*39
AMexico
Members New York Stock Exchange
57%
20%
M-N
Mexican
Telephone
68
A-0
Mendoza
Wertheim & Co.
57%
1940
AMedellln
Foreign Securities
*68
lADominican Rep Cust Ad 5Vis_»«1942
§ A 1st series 5 Vis of 1926-J
1940
<•..
88
110% 111%
lll5/a
A-0
1947
Haiti
Corporate Stock
*20
16
3 {
J-J
$ bonds
lADenmark 20-year extl 6s
100.28
City
J-D
A-O
f
s
A 7s
J-D
17%
M-S
1970
7s
100.28
101.10
*101.8
™
100.17
100.19
16%
M-S
1901
101.9
100.21
*100.17
.
101.6
100.30
100.13
J-D
101.11
100.30
18
1960
ASinking fund 8s series B
ioTi" 10T19
*101.9
15%
/
i960
A Czechoslovakia
101.26 101.26
*101.17
15%
~4
15%
A Public
100.11
*101.15
15%
18%
14%
*16%
Jan
External
*101.20 101.22
18'A
"
17 V4
15%
16%
M-N
Sinking fund 5Vis
104.8
'
15%
•
18
1951
5s
1927
4%s
101.31
*104.25
of
external
External
104.5
*101.29
Munic 7s
25-year gold 4%s
10T9" ioTu
*107.10
118
:
1961
A Costa
106.9
__
*16%
M-N
1962
•
Oct
Cuba
100.18
*106.22
A-O
1962
—
18%
16
17%
-
*16%
18%
17
16%
16%
A-O
_1961
sink fund 6s
1928
Copenhagen
100.7
*100.10
18%
'
1
ASinking fund 7s of 1927
100.6
„
17
18%
16
U
Mtge Bank 6%s
ASinking fund 7s of 1926
100.5
10
19
17
16%
17
J-D
'
1961
A Colombia
100.5
100.1
16%
16%
19
16%
•
(Republic of)—-
A 6s
100.17
*100
-
10
18
>;
J-D
1961
(Hukuang Ry)
of
3s
106.18
*100.1
Chinese
A6s
103.22
100.12
__1961
assented
Colombia
104
103.17
J-D
assented
A 7s
107.20
*103.24
__
•
A
106.24 106.24
107.3
17%
*16%
18
J-D
.
1957
assented
6s
A Chilean Cons
103.9
102.27
*107.1
January 1
Low
High
■
17%
M-N
1957
.
112.6
111.7
*102.25
„
a
111.11
*106.14
•
A 6s
AGuaranteed
111.10 111.10
*112.3
Range Since
Sold
No.
M-N
1963
A6%s assented
109.12
'
assented
AGuaranteed sink fund 6s
106.24 106.24
*109.14
—
1963
ASinking fund 6%s
102.20 103.11
*102.19
__
External sinking iund 6s
Bonds
High
•
111.20 112.9
*112.12'112.14
I.
Transit Unification Issue¬
s'
104.20
111.6
*111.4
M-S
J-D
j-j
M-S
J-D
M-S
M-S
M-S
J-D ~
J-D
104.20
43
Week's Range
or Friday's
Last
Sale Frice Bid & Asked
Low
A6Vis assented
110.19
111.4
104.20
Friday
Interest
(Continued)—
(Rep)
A 6s
105.18
110.16
110.17
104.20
104.28
1
104.28
■
Exchange
AChile Mortgage Bank 6%s
.
...
—1945-1947
series M____—
^
105.23 106.9
105.11
104.28
—
a
101.26 102.29
—
__
Chile
110.30 111.23
*105.9
J-D
J-D
M-S
J-D
M-S
M-S
M-S
J-D
J-D
J-D
J-D .'
M-S
M-S
.
110.31
*110.29
Stock
Period
High
Low
No.
*101.17 101.19
—
J-D
J-D
J-J
J-D
M-S
J-D
BONDS
New York
January 1
Sold
High
Law
J-D
M-S
M-S
M-S
M-S
J-D
M-S
J-D
June 1964-1969
Dec. 1964-1969
Treasury
Treasury 2s
. *
1949-1953
1950-1952
1952-1954
1956-1958
1962-1967
1963-1968
Treasury 2s
1 Vis
J-D
M-S
JULY 7
Range Since
Bonds
Friday's
Sale Price Bid & Asked
—^
Treasury 2s
Treasury
or
f"5?
1944-1954
1946-1958
3%s
3Vis
3'/aS
3s
3s
2%s_
2%s _
2%s
2%s
2%s_
2%s
2%s
2Vis
2Vis
2Vis
2Vis
2Vis
2Vis
2Vis
2Vis —
2 Vis
2 Vis
2Vis
2Vis
2 Vis
2 Vis
2 Vis
2 Vis
Treasury
Treasury
Last
•
Treasury 4%s_
Treasury 4s
WEEK ENDING
Week's Range
Friday
BONDS
of
Is taken of such sales in computing the range for the year.
"of "the" regular weekly — are shown In a footnote in the week in which they occur. No account
of the regu—
„ range
column headed "Interest Period" Indicate in each case the month when the bonds mature.
RANGE FOR
New York Stock
YEARLY
-
Cash and deferred delivery sales are disregarded In the week's range, unless they are the only transactions
bonds.
"and lnterest"- -except for Income and defaulted
are
Monday, July 10, 1944
FINANCIAL CHRONICLE
Teletype N. V. 1-971
tVUftttnuuflxtfit
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4297
160
Volume
*<fcirtJiSWr*jiAf'JiV»Jti^rawt. M-M
137
NEW YORK BOND RECORD
'
-
Last
Interest
Stock Enhance
Bonds*'
Friday's
or
'
Range Since
A-
Sold
Sale Price Bid & Asked
Period
High
43%
44>A.'
Low
1952
A6l/2S:extl secured s f„—_»_j_1957
lASan Paulo (State) 8s——1930
A8s external
——1950
A7s extl water loan1956
(City of Brazil) 8s
49'A-
39
6
33
42
39
1
*30
64'A
65%
6
16'A
16
16'A
10
16
16
16
A 7s
.
Jf-N
;-d
of), extl 7s——1958
A4 %s assented
1958
Sydney (City) s f 5%s
.-1955
A Uruguay (Republic) exjtl 8s
«Ll940
A External sink fund 6s
1960
(Prov
A Silesia
38%
6. ,
:
11
48'A
*23'A
J-D
49 'A
■
56%
•
:
68
17%
11
25
10
21'A
External
•
Members
61
•
21%
91
M-JI
*90
90 ;>
Jf-N
*88
F-A
Jf-N
BONDS
extl conv
——1978
4-4%-4%s extl readjustment—-1978
.-1984
(City) external 7s——1958
J-J
*65%
F-A
•17%
3Ma? extl readjustment
A Warsaw
F-A
«,
A4Vas assented
Canadian National
60
72'A
77'A
:>
r4 Z
18
71
73%
Guaranteed
79
Guaranteed gold 5s
Guaranteed gold 4%s
66%
17
79
-a-7
>62
59
10
'
10
4%s_
Guaranteed
gold
•:
J-D
82
-1948
A-O
assented——1948
A-O
Albany Perfor Wrap Pap 6s^
with
6s
warrants
99
i
1951
F-A
2030
Af-S
93%
.-1949
Am Internat Corp conv 5%s—_—1949
American Telephone & Telegraph Co.—
Jf-N
103%
—1961
3 'As debentures—
———1966
3s conv debentures————..1956
Amer Tobacco Co deb 3s
—1962
Am Wat Wks & Elec 6s series A_—1975
A Anglo-Chilean Nitrate deb—.——1967
Ann Arbor 1st gold 4s
———1995
A-O
Allied
Am
Corp 4'/aS debs
Stores
Foreign Pow deb 5s_
G Chem conv 5%s
&
104%
*79%
Trans-Con Short L
&
Atlanta
L
&
coll
N
gold 4s
1948
1948
1953
104%
Div
;
1st
Illinois
107 %
5s
«
1955
mortgage
4s
deb 3s
109'A
108
110%
'
M-N
Jan
Q-J
104 %
25
68
•
124
103%
59
68
90
68
115'A
655
90'A'
-
7,107
■
1
113% 114"%
113%
:
Ohio RR—
1st mtge
■■'•:, 63
...
76%
13
,
July 1948
Stamped modified bonds—
1st mtge gold
(int at 4% to
Oct 1 1946) due
July 1948
Ref & gen ser A (int at 1% to
Dec 1 1946)
due
1995
Ref & gen ser C (int at l'/»%
to Dec 1 1946) due
-1995
1147a
69'A
•'.90%
'■
J-J
106
A-O
114
■:
14
106'A
D (int at 1 % to
1946) due
2000
Ref & gen ser F (int at 1% to
•
14
105'A 106
107
.
Sep 1 1946)
,
Feb 11960
due
AConv
i
1996
due
Pgh L E & W Va System—
Ref gold 4s extended to
1951
S'west Div 1st M (int at 3%%
to Jan 1 1947) due
1950
jV_L '•>
M-N
gold 5s
1946
4s
Light 3%s
111%
M-3
deposits
Bush Term Bldgs 5s
gtd—
4s
gold 4'As
Power
J-J
102%
69
89%
48%
52
46%
47'A
37%
39
10
33%
93%
39%
141
29%
37%
28
28%
27%
35%
For footnotes
see
page
140.
28
J-J
29
40
22
104%
105%
wt.
7 703/4
157
92
89
907a
89%
:
,
108'A
97
74
85
72 %
87
102
102
137%
102
10O
137% 137%
109
,Jf-S
105'A
96%
74
91%
*84'/a
Jf-N
102
108% 109
F-A
1946
J-J
*103%
1989
J-J
J-J
*121%
1949
A-O
138 % 1
132 %
4
*124
1989
1st
gold 4s
cons
2d consol gold 4s
.
registered
Division 4s
7
106 %
1091/4
£5
106'A
109
103 'A
103%
121'A
125%
120
108% 109%
121%
—
1949
1958
5s
series
„„_1977
I971 j
A
287a
30%
21'A
447
•
-
1067
1067
106 %
1067 ;
106
106 3/a
24
is
106H
106%
103
21
y-'j
102
10O'A
J-J
106 Hi
105%
103
Jf-S
29
106%
10574 106 '/2-
108
107
108
109
84%
106%
93
F-A
F-A
98
84
108'A
108
108%
92%
108
Chicago & Eastern 111 RR—
A Gen
mtge
inc
(conv)
1997
Chicago & Erie 1st gold 5s
Chicago Gt West 1st 4s series
AGen Inc
53%
56
J-J
''
1982
A
mtge 4%s
Jf-N
1988
J-J
5974
2038
J-J
1947
'•:•'•■
85
J-J
{Chicago
Ind
Louisville
&
1st & gen
5s
48%
63%
125%
128%
24
76%
88%
50
47
65'A
50
83%
79
56%
*126% 128%
853/4
86
.
6074 7
593/4
:
Ry—
80%
*79%
'■''■Z
1947
J-J
*74%
78 VA
47%
78%
1947
J-J
71%
71%
71%
12
45
74
1968
series A
Jf-N
12'/a
12%
12%
10
10%
u
13
31
-10%
98
98'A
12
87
A
1st & gen 6s series B
May 1966
Chicaeo Ind & Sou 50-year 4s
1958
92
27%
27
1949
General 4s
ref
:
,
,_1949
registered
A
4-0
91%
F-A
100
1
107% 107%
A-O
106 %; 109%
22
108
104% 104%
104%
F-A
Refunding 6s ser A
A Refunding
gold 5s series B
A Refunding 4s series C
J-J
M-S
30'A
26 %
~1
'108.
108
A-O
M-N
1st &
39%
104% 105
46%
112
30
M-S
3%s
89%
104%
37
J-J
J-J
98%
11989
11989
11989
11989
J-J
85%
J-J
883/4
May 11989
J-J
893/4
1975
F-A
60%
•60'A
Jan 1 2000
A-O
157a
15%
16% * :
1987
M-N
81%
80
817a
1987
M-N
■•.7 81 %
81
817a
1987.
M-N
823/4
82
83
14%
14%
100
{Chicago Milwaukee & St Paul—
A-O
907a
J-D
583A
J-D
933/a
161
73%
947a
AGen
55%
91%
59
708
413/8
59
AGen
61%
7 64
4s series A
May
gold 3'As series B„May
4%s series C
May
AGen 4 %s series E
.-May
AGen
64%
197
463/a
AGen
64%
4%s
"AMtge gold 5s series A
58%
553/8
58%
448
41
58'A
Jf-S
CO er
557a
583A
299
41%
58 %
44%
1.193
31%
44%
AGeneral
847a
159
64
84%
AGeneral
AConv
F-A
V;
40%
Tt«
7 83
84
*
4s
J-J
;f:
75
72
747a
7
57
57
88
30
V
adjustment 5s
85
73%
registered
4s
102
F-A
Jf-N
101%
103%
2
104%
106'A
92 %
100%
100% 100%.
8
2
105
59%
53
( 109%
Jf-N
103
»
32
14
41%
108 %
1037
10
103
A
58%
110
108
?
104%
/ 104% 104%
14
103%
36
112%
102'A
107
110
112%
109
*111% 112%
109%
62%
60
343
44%
63'A
27%
—
27'A
*21%
97%
A-O
:
97%
"l
81%
83%
■17
*88%
21%
29
21
2
27%
J-J
73%
F-A
"
N
74%
J-J
A-'O
M-S
Jf-N
67%
84%
853/4
.7: 118
67'A
,
'
83%
103
81
83
50
■
65%
64%
65%
63
64 'A'
140
49%
63
64%
95
49%
17
18'/a
1,462
11%
230
101%
105
74'A
1,516
63%
75
61%
71%
*69
64
73;;::
64%
18'/a
V;
'
81
753/4
73%
75%
230
68
75
43%
44%
312
36%
46%
3974
r
44'A
-
85%
67%
165
49'/a
48%
49'/a
43
9%
9%
9%
134
83/4
1
90%
98
51%
11%
100
1951
J-D
98
J-D
*81
85'A
Memphis Div 1st gold 4s--—1951
J-D
82%
81
82 %
11
64%:
85
J-D
92
90
92
22
72%
92
78
78'A
35
5974
78%
59
77
3%s——
Chic T H k Southeastern
1st
5s
1960
Income guaranteed 5s___i_Dec 11960
»■
A
Certificates of deposit—
Chicago Union Station—
1st mtge 3%s series E
com
78
J-J
1963
1962
{§ AChilds Co deb 5s——1943
1957
-
M-S
A-O
107%
110%
5
102'/a
106%
107% 108%
J-J
109
106% 106%
109'/a
J-J
__1952
4s
85
...
1963
series D
5s
M-S
84
.
1st mtge 3 %s series F_.2__.
89%-
98
69
84
93
{AChoctaw Ok & Gulf
cons
5s_i
25
104
108 %
•106% 107'/a
25
1043/4
107'/a
109
;
109%
51
55
82
53
82%
79
80
78'A
79
A-O
51
80
12
72
12
,59'A
1
108%
1093/4
71
1st
gtd 3%s D
109% 109%
72
F-A
104
Cin Wab & M Div 1st 4sa
107 % 108%
87
111%
'•111% 111%
3
110
111%
K-N
106%
106% 106%
4
1063/4
111
112%
1123/,
*110%
F-A
J-D
1993
98%
J-D
98%
--
99
33
88%
99%
*104% 110
216
57%
&9'/a
104
81'A
1977
J-J
75%
73%
75%.
69'A
70'A
3
77
J-J
69%
53%
——1991
95
5
82
95 Va
Ref & impt 4%s series E
109%
J-D
1971
1969
1993
gold 4s_
107%
108%
Jf-N
1967
•1st mtge 3%s—
Cin Union Term
101%
95%
1952
Cincinnati Gas & -Elec 3Y4S—2-1966
3
\.
1999
1960
2
104
50
103% 103%
103%
—1952
'108% 108%
-
83
843/4
64%
J-J
1934
1st mtge gtd 3%s series E
Cleve Cin Chic k St Louis Ry—
•104
65%
28
86
91
28
_1951
Gold
fADebenture
A-O
82%
83
deposit—
gold 4%s-
ast & ref 4V48
62%
84
65%
82%
100% 103
1989
t'.'
of
817a
65%
2
*82 'A
102%
M-N
1988
Certificates
64
93
833/4
/ 84%
Jf-N
1927
Chic & West Indiana
A-O
81%
stpd
Chicago St L k New Orleans 5s_.
'.
Jf-N
108'A
108%
64
-17%
lARefunding gold 4s
,
,104%
94%
A-O
17%
90
641/4
4s
AConv
12
.A-O
64%
11%
64 % '
5 A Secured 4'As series A
101% 102
A-O
45%
M-N
J-D
part paid
AGeneral
63'A
101%
.J-J
716
1,071
62
{Chicago Rock Island & Pacific Ry—
94
J-D
M-N
J-D
5s
52%
;
Jf-N
90%
83%
1949
1st
83%
J-D
F-A
25%
Railways
69
2
M-N
:
99%
30
112% 112%,
/ 112%
{jAChicago
105
110
53%
J109%
101
*100%
103 7
Jf-N
77%
t:
82
May 1 2037
4%s C
107
94
:
-
ref
99
91%
F-A
45
843/4
1st & gen mtge 4s ser A w 1
2nd mtge conv income 4'As w 1
10
53
.
89%
903/4
:•
May 1 2037
101 %
103%
59%
94
76%
893/i
May 1 2037
gold 5s
4%s stpd
AConv 4%s series A
106%
105
ref
101
105%
59%
'
89'A
153
65%
100
*99%
*
89%
7/88%
J-D
&
2
105
ref
&
106%
100%
M-N
82 %
76%
*
—1936
A 1st
104%
A-O
J-J
86
69 %
188
82%
1
1987
A 1st
,105% 105%
M-N
&
M-N
1987
100'A
101%
V103
103,
M-S
74%
17
89'A
M-N
-1987
129%
106% 106%
F-A
1987
102
98%
20
J-J
F-A
124
82'A
-
1987
i
p
A4'As stamped
§ A Secured 6'As
88%
105% 105'A
105%
n
128
•
128% 128%
A-O
a
registered
A 1st
102
3%s
P'ed inc tax
AGen 4%s stpd Fed inc tax
AGen 5s stpd Fed inc tax
89
,74
gold
AStpd 4s
f; '.
'
i
76
563A
210
87%
J-J
A-O
86
88%
887a
J-J
{Chicago & North Western Ry—
3'As
Z
'
M-N
F.
scries
85
813/4
J-J
{Chic Milw St Paul & Pac RR—
Jf-S
4
3'As_—1—1968
111%
-112
*„
1990
General 5s series B
Elec
34%
1996
Illinois
107%
90%
88
California-Oregon Power 4s„_—1966
Canada Southern cons gtd 5s A—1962
23
29%
1987
impt M 3%s series E..;
General
California
4
1992
4s
104%
84%;
———1952
.——1955
1960
Bush-Terminal 1st 4s
Consolidated 5s-—-—
34%
29%
108'A
102
*101
of
33
83%
113
227
A-O
A Certificates
56
30
111%
213
1956
1952
Consol mtge 3'As series F—
1959
Consol mtge 3s series G
1960
Consol mtge 3'As series H
1965
Boston & Maine 1st 5s A C
—1967
-1st M 5s series II
1955
1st gold 43As series JJ
;
1961
1st mtge 4s series RR—_——I960
Alnc mtge 4'As ser A
July 1970
fABoston & N Y Air L 1st 4s
1955
Bklyn Edison cons M 3'As———1966
Bklyn Union El 1st gold 5s——1950
Bklyn Union Gas 1st cons gold 5s_1945
1st lien & ref 6s series A
—1947
Debenture gold 5s—————1950
1st lien & ref 5s series B
—1957
•
16%
50
128
106%
*100% 101
,
11%
6
32%
110%
87%
103
104%
16%
14
50%
91
109%
88
4'As B—
-1981
series C—1967
Buffalo Rochester & Pgh Ry—
stamped modified
(interest at
3% to May 1, 1947) due———1957
{Burlington Cedar Rap & Nor— 7
•
/§Alst & coll 5s_:
-—1934
38
13
:
31%
14
82%
Niag. Elec 3'As
50%
11%
90%
13
87%
Buffalo Gen Elec
37%
11
50%
13%
■
Chicago Burlington & Qulncy RR—
Illinois division 3%s
!_1949
104%
85%
87%
M-N
J-D
Buffalo
80.
13%
31%
110%
837a
debs
91'A
46
13'A
91
110%
J-J
debentures
79%
A-O
t A Chicago & Alton RR ref 3s
102%
101
102%
J-D
A-O
2%s
It
J-J
110%
—
Extension 1st 3'As
1951
Bell Telephone of Pa 5s series C—1960
Beneficial Indus Loan 2'As
1950
Beth Steel 3'As conv
85
45%
46
13%
1987
1st & ref 4'As series B
,
68 Va
83
85
R & A Div
.
*106%
103%
53
64
J-J
106'A
J-J
Beech Creek
101%
63'A
Potts Creek Br 1st 4s
106'A
J-D
M-N
106
1987
106%
112%
112
69
103'A
23
124'A
111
*108
107%
1968
11574
•:
• 110% 111 'A
110%
52
1961
5
110% 110%
*110% 111
.
stamped
109%
*102% 103'A
J-J
1127a
*110%
.
111
104%
104% 104%
J-D
118%
1951
1951
RR—
104%
A-O
30
—1959
Toledo Cin Div ref 4s A
Bangor & Aroostook
Con ref 4s
16
110
Ref &
1
_
Nov
105%
98
'
33
"*
97
100%
67%
A-O
109%
115
,.114
l/l23'/a *123 'A
AO
84'A
Chesapeake k Ohio Ry—
104
105
Ref & gen ser
•
'
107%
Ref & impt mtge 3%s D
102%
105 %
.
y__
106
y
Sep 1
31
110
M-N
Guaranteed gold 5s
i
i960
§ ACentral RR & Banking 5s
stmp 1942
Certain-teed Prod 5%s A
1948
General
*104
__
.y
gold 4s
105%
112%
*105
,
F-A
V 4s registered
1987
Central N Y Power 3%s
__Z_1962
Central Pacific 1st ref gtd gold 4s_1949
Through Short L 1st gtd 4s
1954
B
Baltimore k
63
105
J-J
A
Second
Atlantic Refining
96%
J-D
1945
registered
AGeneral
11
J-J
Atlantic & Danville Ry 1st 4s
111%
96
_
J-J
B_II~IIi959
X A Cent New Eng 1st gtd 4s
{ACentral of N J gen gold 5s
109% 109%
122% 124
1958
1946
Ry—
1964
Oct 1952
95
110
J-D
-1963
July 1952
mortgage 3%s
Atlantic Coast 1st cons 4s
General unified 4'As A
1st
Central
106
107%
J-D
1st gold 5s
Charlotte Air Line
A Mobile
81
75
103% 104'A
1955
Atl Knox & Nor
114%
109%
F-A
1959
AChatt Div pur money gold 4s__1951
,
.105
;
122'A
—1960
1st 4s
104%
103
104%
J-D
.—
101
863/4
103% 104
A-O
---1995
1955
1905-
ARef & gen 5'As series
A Ref & gen 5s series C
103%
96
94
__
§ A Consol gold 5s
109'A 109 7/b
F-A
gold 4s of 1910
93
'111%
M-S
1962
117%
5
"5
'103%
105'A
M-N
1981
A
102%
67
*103% 104
Jf-3
4s of
1965
_1950
w
w
100
1037a
26
85%
M-S
:_1955
(Bel)-1957
7s income debenture?
1978
Atchison Topeka & Santa Fe—
General 4s
1995
Adjustment gold 4s
-1995
Conv
Ohio 4s
gtd gold 4s
Cent Branch U P 1st gold 4s
1948
{Central of Georgia Ry—
A 1st mtge 5s
Nov 1945
109%
J-D
(Del) 4s B
1st sink fund 4s series C
Conv
J-J
&
,
115%
.
-Armour & Co
Stamped 4s
Conv gold 4s of 1909
:
*103% 104'A
J-J
Edge k Term 5s 1964
Ark & Memphis Ry
M-S
1949
89'A
1003/4
104'A
104
A-O
debentures
3'As
i960
Corp 5s
118
116%'119
3
109'A
96%
Clinch
116
117%:
*-.-
F-A
99
101
A-O
Amer I
;
■:;W
2
118%
*112% 112%
109%
893/4
156
102
102
A-O
108 3/4
"2
99
98'A
98'A
A-O
3'As—.1946
3 %s registered
—1946
Alleghany Corp 3'As sec cony—1951
Alleghany & West 1st gtd 4s——1998
Albany & Susquehanna RR
106'/a
—
,
118%
116
"115% 115%
115%
F-A
Celanese Corp 3'As debs
Celotex Corp 3%s debs.
104%
103%
107%
*108%
103%
5
106% 106%
J- J
103
"5
103% 104
F-A
Utah
116%
6
NO.
104 5/a
100%
*103
M-N
1967
1972
3'As
mtge
103
5
103
uuiD
9
:V117
;
J-D
& Gen
Range Since
January 1
Sold
High
*116% 117%
.
V—.
1951
Cart & Adir 1st
Bonds
Friday's
116% 117%
_
117
1946
Carriers
83%
68%
n
83'A
103
J-D
..1946
10-year deb 4'As stamped
Great Southern 3'As
Alabama
1st
Jf-S
110%
109
*110
J-D
Power
A-O
.
1953
Alabama
„
J-J
1956
4%s
Carolina
.
A plain-
A
1-310
116% 116%
J-D
1955
gold
J-J
1970
Guaranteed
J-J
1969
18%
■
1957
5s_
Collateral trust 4%s
{§ ACarolina Central 1st gtd 4s
4
17'%
17
17%
Stamped —^——-——1953
Adams Express coll tr gold 4s
-1948
Coll trust 4s of 1907
1947
series
gold 4%s
gold
19%
Railroad and Industrial Companies
§A5s
or
Sale Price Bid & Asked
Canadian Northern Ry deb 6'As
Can Pac Ry 4% deb stk perpetual
F-A
j.—1958
{Abitibi Power & Paper—
Last
Interest
Low
60
*68
*74%
3%-4%-4 7
Teletype—NY
Week's Range
Friday
,
76%
657a
118
76'A
74'A
74'A
Jf-N
.-1979
conversion—
New York 6
Bell
Period
1979
Exchange
'
New York Stock Exchange
..a.
J-D
External
Stock
91
89
York
100
*91
New
Broadway
Telephone—DIgby 4-4933
91
15
100
300
100
—
readjustment
ICTORY
18%
12
5
■'
($ bonds of 1937)
War Bonds
PFLUGFELDER, BAMPTON & RUST
11%
29'A
*20
F-A
1964
sink fund 6s—
A External
311/48-4-4 Mas
Buy MORE
th War Loan
40
64'A
V
48'A
42
__
Jf-N
secured
39%
-
42
„
v
Serbs Croats &
A8s
30
48%
47'A
-
A-O
s
■■
ASION
IN
44'A
39
J-J
f 7s
1940
Slovenes (Kingdom)—
external
—1962
series B sec extl
1962
5 A Secured
r
M-S
;——1968
•v.'.t-3.
•
38%
49'A
J-J
,
?
14'
•
39
J-J
.
—
extl dollar loan
A 6s
J_'
Jf-N
:
High
35%
'
■
Jf-N
January 1
Vo.
Low
A Sao Paulo
JULY 7
Week's Range
Friday
BONDS
New York
WEEK ENDING
FOR
RANGE
St L Div 1st coll tr gold 4s_;
...1990
M-N
94
:
A>
wlHWJtoWp^WU^ill-Wi IHlfttalMlhtfMM,
COMMERCIAL & FINANCIAL CHRONICLE
THE
138
Jt Uf^
Monday, July 10, 1944
NEW YORK BOND RECORD
FOR WEEK ENDING
RANGE
BONDS
Last
Interest
New York Stock Exchange
or
.
.1970
Cleveland
C
3'/is
D
3Vis
F-A'
1st
1st
f 4Vis series C
s
gtd 4s
inc mtge
Colorado & Southern Ry.—
4Vis (stamped modified)
Columbia G & E deb 5s
May
Coal River Ry 1st
Iron 5s
Colo Fuel &
,
*106'/a
195z
—1961
H V 1st extl gold 4s—1948
Sou Ohio El 3%s.
1970
Debenture 5s
Columbus &
Columbus &
Tol 1st extl 4s——1955
Commercial Mackay Corp—
Columbus &
A
—Apr 11969
Commonwealth Edison Co—
1st mtge 3 Vis series I
1968
deb w w
Income
«
3Vis
1958
1st & ref 4Vis
—1951
Conn River Power s f 3%s A.——-1961
Consolidated Cigar 3 Vis s. f. debs_1953
Consolidated Edison of New York—
debs
Conv
Conn Ry & L
3 Vis
1948
—1956
1958
3Vis——1951
deb 4s
1954
debentures
3Vis
debentures
debentures
Consolidated Oil conv deb
3Vis
fAConsol Ry non-conv
4s
4s
A Debenture
A Debenture
1st mtge
1955
1956
*
Power Co—
Consumers
1965
1967
1970
1966
1969
.3 Vis
1st
mtge 3Vis
1st
mtge 3 Vis—
—
mtge 3 Vis
1st
mtge 3 Vis
Co 2 Vis s f debs
1st
Crane
—^—1950
-.1955
3Vis s f debs
Crucible Steel
1942
1st 5 Vis
|ACuba Northern Ry
receipts
---5s gold
1952
ADeposit receipts
A7Vis series A extended to„.—1946
ADeposit receipts
----A6s series B extended to
1940
ADeposit receipts
Curtis Publishing Co 3s deb
1953
A
A-0
104 Vi
103% 104 Vi
A-0
99'/a
92 %
Deposit
ACuba RR 1st
J-J
MS
Collateral trust gold 4s__4.
Refunding 4s
1952
A-0
1955
M-N
102
94%
52
Purchased
106%
J
1061/4
109
108%
110
JDenver
&
Power
Delaware
extended—1963
Light 3s—_!973
J-J
1951
J-J
1951
F-A
94
93
113%
114%
109Va
111
A
1963
J-D
72%
70%
101'A
103%
1963
3-D
69%
67%
gold 4s
1950
J-J
1956
J-J
—
—
*
Joint
17
103%
45%
45%
46%
58
*50
54
—
1st
/
A
Adjustment
111
103%
J-D
*54
56%
J-J
*72
48%
~6 '-b
54%
58%
j
53
1
100
&
100% 100%
'•
1936
consol 4s—
gold 4Vis
| Alst
1936
Western RR—
—1955
§AConsol
^Denver & Rio Grande
AGeneral s f 5s
A
Assented
----
«
——
series B
1978
Val 1st gtd 4Vis
1947
Detroit Edison 4s series F_
1965
Gen & ref mtge 3Vis series G—1966
Gen & ref 3s series H
——1970
Detroit & Mackinac '1st lien gold 4s 1995
ARef & impt 5s
1 ADes Plaines
gold 4s_
—1995
Detroit Term & Tunnel 4 Vis.——1961
Dow Chemical deb 2Vis—-i
—1950
Dul Miss & Iron Range Ry 3 Vis—1962
ADul Sou Shore & Atl gold 5s—1937
ASecond
Light 1st M
Duquesne
108
3Vis——1965
J-J
54
54
79 Va
J-J
45
■:
-
46
54%
17
5%
5%
14
4%
F-A
4%
41/4
4%
58
4
6%
M-S
*105%
A-0
;J-D
&
105%
109%
109%
J-J
46
J-J
■
M-S
M-N
50
~1
28
57
30
981/8
stamped
3 Vis
——
inc 4Vis series A.
N Y & Erie RR extl 1st 4s
Ohio Div 1st mtge 3 Vis
AGen mtge
Firestone Tire
& Rub 3s deb—
'V
107
Flintkote Co 3s debs—
jAFlorida Cent & Peninsular
East Coast 1st 4Vis
Alst & ref 5s series A
tFloriaa
93%
4%
4%
80%
81%
23
58%
83%
102% 103'/4
20
95%
103%
J-D
1961
J-J
.1965
A-O
A-0
.1962
J-J
98
97%
J-J
106 Vi
.2015
J-J
82'/a
.1947
M-N
*106 Vi
.1971
MS
A-0
81%
82%
150%
:
99%
8
of
deposit.:.
71%
49
101%
184
64%
106%
84
106%
105*4
102
21
103% 104
J-J
J-D
*96%
48%
48
131
98% /100
42%
59%
*103
M-N
103%
117
99%
48%
104%
102
IO31/2
128% 128%
*103
1956
*100 Vi 100%
Berg Co cons 5s
24
42
56%
103
1
1031/8
97%
100%
Northern 4Vis
Great
General
106%
J-D
!
117
116% 117
J-J
117%
117% 117'i
111%
117
1051/2
1171/2
111% 111%
109
103%
103% 104
102% 102%
100% 101%
210
1
Feb
13%
1975
J-J
100
AGen mtge inc 5s series A
2015
J-J
85
13%
99% 100
85
102%
i
91
65
.
87
1952
J-J
*97%
1969
Gulf States Util 3Via series D
102%
25
*68
Gulf Mobile & Ohio 4s series B
Ship Island RR—
ref Term M 5s stpd
98'/a
34
101%
Feb
deb ctfs A
B
100
46
1061/4 107%
J-J ■
111%
5
107%
J-J
101%
13
111%
J-J
68%
1071/2
106%
26
3-j
1967
&
107%
J-J
1940
1940
1st
107
1977
mtge 4s series G
43
104%
6
1976
mtge 3%s series 1
&
32
101%
J-J
mtge 4s series H
Gulf
105
221%
*102%
107
Gen
ctfs
101%
5
10
67
J-J
Gen
A Debentures
28%
106%
1973
4Vis series E
AGreen Bay & West
106
1952
series C
General 4Vis series D
General
67
J-D
19
104% 105
28%
J-J
M-N
110% 110%
"4
12%
15
89%
23
66
98
—
~2
110
111%
108
104%
Ry
Houston
Hudson
Hudson
For
Oil
4 Vis
Coal
1st
Co Gas
cons
1999
debs
s
f 5s
1st
footnoJes
see .page
.
140.
M-N
A__Il962
series
gold 5s
M-N
_1949
J-D
M-N
*134
93
105%
66%
116%
88
34
72%
89%
106% 107
26
106%
109%
2
1960
1987
1961
J-J
106%
.—1961
J-J
1961
J-J
*98%
1961
1997
J-J
*94%
1954
J-J
114%
51%
69
91'/a
118% 118%
J-J
*67
98 Vs
A-0
195A
1961
M-S
90%
94%
3
172%
175%
3
107%
108%
173
109
__
107
104
4%
110 Vs
1
106%
108
39
/
105
M-S
1959
98
__
107
105
98%
__
98
108% 108%
M-S
—1950
173
*109%
%
119
70
98%
J-J
J-J
A-0
1945
D
series
registered
102%
105 '
21
5%
103'%
■u
3%
93
105 Vi 105%
65%
67
116% 116%
18
5
5%
IOO1/4
93%
102 Va
2
97
98%
27
•; 101%
97
100%
"98% 1001/4
•89%
97'%
—.,.1954
stamped—
5s
1964
ref sink fund 5s
1st &
56
55
101% 101 %
A-0
99%
99%
5s
1st
t
1974
L__-
stamped
:
F-A
95
99%
86 /
*92%
*93%
F-A
*78
v.
84%
95
Valley N Y 4%s ext
—1950
Valley RR— /
4s stamped modified
2003
i4s registered.;
*—2003
4%s stamped modified
2003
4%s registered.j
——2003
5s stamped modified
2003
Lehigh
Lehigh
Lehigh Valley Terminal Ry ext 5s_1951
1st 50-yr 5s gtd.—1965
7s_——1944
1951
.1962
Long Dock Co 3%s ext to—1950
Long Island unified 4s—..._——..1949
Guaranteed ref gold 4s__
1949
4s
stamped
1949 /■;
Lorillard (P) Co deb 5s
1951
Liggett & Myers Tobacco
debenture
5s
Little
4s series A
Miami gen
& Ark
Louisville
1st
70
78
12
65
80
56
69%
28
.64%
80%
33
44%
5
34
43%
47
80
67
68%
73%
74%
39
40%
V 37
'
J-J
773%
■
/
8,:;
&
39
M-N
7431/8
-39%
43
«
ref 5s series B
&
ref 4%s
C
ref 4s series D
series
1st & ref 3%s series E
Unif mtge 3%s series
Unif mtge 4s series B
St Louis Div 2d
A ext
ext
Div 4s__
Paducah & Mem
gold 3s
1st gold 4%s
South Ry joint monon 4s
Atl Knox & Cine Div 4s
Montg
39%
44
35%
42
A-0
721/4
51. r
72%
42%
56
72
49%
30
64%
101 n7a
10133
101A
-
.14
A-O
120% 122%
M-S
104
106
107
1031/2
105%
15
104
105%
105% 105%
6
104
105%
118%
120%
118% 119%
103% 103%
102
39
IOI1/2 1021/4
118%
7
84
1966
.1945
M-S
*105
M-S
2003
2003
2003
2003
1950
1960
1946
1980
1945
102
93%
1091/a
108%
*101%
A-0
1952
—1955
106
105% 105%
105%
M-S
F-A
78
104 3'a
*108
M-N
M-S
57
127%
101 aV
;
120% 120%
F-A
48%
46%
123%
*126
A-O
& Nashville RR—
&
219
49%
M-N
J-J
1st
&
M-N
A-0
94
75/
83
32
80
79
67%
A-O
1st
Mob
*78%
80
F-A
1963
Jeff Bridge Co gtd 4s
&
F-A
1st 5s series A—1969
debentures
99%
86
71
.
Lex & Eastern
104
65%'
__
*82%
——19.74
1954
103%
-••••
...—1—.i,——1964
stamped
81 ref sink fund 5s
5s
1
104
100%
1031%
*102
M-S
67
97%
97
102%
102
101%
"
1051/4
105
104
105
104'/a
103% 104%
J-J
108
104
107V4
15
99%
94V4
39
I'M
103
22
106% 106%
Jmmm
102%
106%
3
105 'A
105
A-0
103
110
101%
A-O
J-J
103%
102%
2
106 Va 106%
A-0
105%
104 Vs
102% 104V4
106'/a 107%
*
F-A
■
—
'
*103%
.
M-S
971/8
M-S
*1031/4
•:
--
97%
M-N
■"
112% 113
113
103
94V2
1
—
102% 102%
J-J
8
11
104%
98
104
104
101%
105%
112
113
M
17
100%
88%
98
111%
134
851/4
94
103
6
101
101
99 "
2
31
99% 100
J-D
68V4
130%
138
93
100
99% 100
100
99%
F-A
mtge income reg
series A——1945
J-D
12
90%
A
-I960
Manati Sugar 4s sink fund__Feb 11957
AManila Elec RR & Lt s f 5s
1953
AManila RR (Southern Lines) 4s
1959
t§AManitowoc Green Bay & North¬
western 1st gtd 3%s
.1941
Marion Steam Shovel s f 6s
1947
J-D
67
67
68
18
52
71%
M-N
79
78%
80
93.,
68%
83
Maine Central RR 4s
Gen
mtge 4%s series
Stamped
J-J
1937
1954
gold 5s
86
87%
7:
IOIV2
H
Hording Valley Ry 1st 4Vis_
ISAiiousatonic
69%
87%
J-J
Lou
105
J-J
1961
series A
General 5Vis series B
General 5s
J-D
J-J
86
53
J-J
—
87%
72%
85%
'
97%
102
J-D
Castings 5 Vis
98% 100%
:
84%
;_Apr 1950
Louisville Gas & Elec 3%s_
Steel
1
20
85
1950.
J-J
100'/a
103
106
M-3
1949
1949
X A Georgia & Ala Ry 5s
Oct 1 1945
j§AGa Caro & Nor 1st ext 6s
1934
Goodrich (B F) 1st 4 Vis
1956
Grays Point Term 1st gtd 5s
1947
& Elec of
96%
/ 5 ■;/
87
Dec
3s
Gen
3
86
A-0
—
ref 5%s
Louisiana
Gas
77%
'
—
Leh Val Harbor Term gtd 5s
—
1956
coll trust 6s
84
//:.;: 2/v;;
100% 100%
A-0
1936
1975
—1954
1954
1965
Lehigh & N Y 1st gtd gold 4s
1945
Lehigh Valley Coal Co—
* •
/ 7,
\
1st & ref sink fund 5s
1954
106%
80
3
*105%
105 7/s 106%
i
74%
80
•
K
:..
J-D
103V4
82%
11
97
95
1974
Machinery Corp 3s debs
Francisco Sugar
106%
101% 102%
.1995
5s—1943
—1959
81%
102%
1997
1997
31/2S
107%
106 /
*148
deposit
of
A Certificates
Food
*106
M-N
95%
91%
>
Lautaro Nitrate Co Ltd—
114
101%
*101% 103
M-S
48
._
102
103
91%
1959
Lake Sh & Mich Sou gold 3%s_i
-
148%
J-J
J-D
.1970
104
*102% 105
92
F-A
46%
111
106
—
.1950
M-N
1081/2
971/8
100%
1
■
j
impt 5s—_
Coll &
110
■/
.1095
1961
1958
105'/a
105
Vi//
65%
103
90 '/;■
1953
.1960
103
•
Empire Gas & Fuel 3 Vis
Erie Railroad Co—
1st .cons M 4s series B—-—
57%
56
-r
108
101% 101%
'
•
M-S
1^51
Laclede Gas Light extd 5s
Coll & ref 5%s series C—
108 7/a
24%
6
17
*113%
95
108
^
61%
54
34
102
46 Vi
*107
—
24%
57%
.Z/'y;' •;
JAKreuger & Toll 5s ctfs
106 7/s
106%
20
107% 1081/4
f 46
.1965
Elgin Joliet & East Ry
El Paso & S W 1st 5s
5s
A-O
M-N
16%
90
4%s series Q+
Lehigh & New Eng .RR 4s A
.1950
104
F-A
1955
j
Alst
.1948
21
J-J
1952
Cons sink fund
Minn Nor Dlv 1st 4s—East Tenn Va & Ga Div 1st 5s_.
Ed El 111 (NY) 1st cons gold 5s„
Elec Auto-Lite 2Vis debs
65%
104%
F-A
Lehigh Coal & Nav si 4%s A
East By
106%
47%
1111/4
107% IO71/2 I
108
110 Va
104%
106% '
41
*102% 103
107%
A-0
1955
Kresge Foundation 3% notes
I
104%
106% 106%,:
A-0
20%
-V
2
Kings Co Lighting 1st 5s—
1st & ref 6%s
i
Koppers Co 1st mtge 3%s
.
8
30
U-S
20%
J-J
74
72%
26
125
Kings County El L & P 6s
111%
16
.110
V' *48 !
M- N
56%
65%
unguaranteed
4%s
491/2
11
110
J-D
2
54%
64%
;
'' v..,
Stamped
>"
105% 106%
llOv
J-D
106
106
1972
,.1947
i
1
109% 110
M-S
'
78%
103%
110%
*110%
■■
104% 104%
Kansas City Term 1st 4s„'
Kentucky Central gold 4s
Kentucky & Ind Term 4%s
*
102%
—
44
•>,
__
54%
1947
■.
j
407/g
46
48
''
1944
Kansas City Southern Ry 1st 3s
i
8
47%
*69
-•
98%
43%
§ARefunding gtd .4s
4
56%
54%
5%
48
94%
tKansas City Fort Scott & Mem Ry—
i
55%
F-A
A-0
;
A-O
Kanawha & Mich 1st gtd gold 4s„ 1990
f
95%
106 Vi
85
r
55
52%
"
11
A Ai B
'■/
t
•
i
105%
188
95%/
1
51
I
101%
103%' 103%
—
95
111
J-J
52
v
105%
f*.
*103%
69%
102% 102%
—.
50%
Jones & Laughlin Steel 3%s
Ref
*105% 106
57%
J-J
*
20
230
43%
James Frankl & Clear 1st 4s
■'
i
106% 106%
72%
1
6s series A
A/;,:
f-
.
—
40
48
*46
82
—■"
78%
52
6s
Debentures 5s
-.1///; /'
68%
39
*61
67%
-
13
52
tAlowa Cent Ry 1st & ref 4s
f
62%
"5
46
4 ; ::"
__
72 Vs
41
67%
46
%
82
'99
62
53%
56
56
78%
J-J
Int Telep & Teleg deb gold 4%s
|
38%
n
48%
*61
?
103%
90
76%
65
„__1956
Int Rys Cent Amer 1st 5s B
46
73
El deb
Paper 5s series
1st lien & ref. 6%s
103'/a
72
59%
?•»';/
1956
Internat
•Ref sink fund
95%
13
82
*90'/a
A-0
July 1952
1
|
112
IOIV4
103
A
f
108%
*101% 103
J-D
series
_
111
109%
107%
*108% 110 Vi
A-0
:
108% 108%
M-N
.
109%
108%
//■;:
109% 110%
6
44
2
110
110
M-N
6s
Alst 5s series B
Alst gold 5s series C
j
109%
108
5
82
71%
92%
5
75
__
90
100%
9
vV
90
74%
*75
AT-S
jAInter-Great Nor 1st 6s series A.1952
«
Internat Hydro
v
gtd 4s
Indianapolis Union Ry 3%s ser B.1986
Inland Steel 1st mtge 3s series F__1961
/
.
108% 108%
series
f AInd & Lpuisville 1st
59
3
.52% .52%
ref 5s
Ind 111 & Iowa
59%
54
1st
1st & ref 4%s series C
105%
105%
90
;'
■
79
83
111 Cent and Chic St L & N O—
105'/a
102%
90
F-A
79%
:'■■■■
94
Plain
Grande RR—
& Rio
J-J
1951
gold 4s
48%
97
—
Western Lines
108
95%
*92Va
$
Springfield Div 1st gold 3%s
1091/4
M-N
208
114%
105%
J-D
68%
111
1071/2
A-0
67
109V4
A Certificates
mtge 3s
1970
series B...1965
67%
109%
D
Dayton Union Ry 3 Vis
Delaware & Hudson 4s
60%
93
*100% 100%
J-J
1st
58
88
87%
62
8
*50
\'' 17
84%
83
•
24
14
105
•
70
84
60%
103
-.77
J-J
j
Dayton P & L 1st
68
3-D
97
62%
Z
56 :
85%
1951
107% 108
J-J
F-A
76
81%
:
'
8t. Louis Div & Term gold 3s
Gold 3%s
'
103% 103%
A-0
87%
f.
113%
103% 109
J-D
M-N
84%
140
107%
..
M-N
84
82%
84 ft
97%
64
83
J-J
1st gold 3s,
1951
Louisville Dlv & Term gold 3%s_1953
Omaha Div 1st gold 3s
A;
..1951
96%
__
105
in;
108%
J-D
-84
1950
;
97%
*97Va
.
1952
Litchfield Div
A-0
109%
:
1953
Cairo Bridge gold 4s
J-J
M-N
—"V
—I960
103%
23
M-N
■
..1958
gold 4s
Refunding 5s
40-year 4%s
.!
M-N
3%s
lines. 3%s
Collateral trust
64%
103
,
gold
113%
140
*1031% 103%
—
J-J
i '
*114% 117
J-J
1951
*70
*108V4 109%
..
102
*96%
114%
J-J
103%
100
M-S
13
114
J-J
101%
l
102
A-O
109% 109%
v
9
102
1951
—
114%
;
102% 103
102
..1951
110
109%
J-D
.103
J-J
i
;
1st
gold 3s sterling
108%
J-D
103%
72%
34%
J-J
1st
61
J-J
A-0
,
1981
Extended
—
135
—
55%
27
!_1951
1st gold 3Vis
i
140
J-J
Hiah
Low
156
87
/
i
83
May
*
series A
1st gold 4s
"i
43
*113%
F-A
Illinois Bell Telep 2%s
Illinois Central RR—
98%
'
J-J
X.
101%
48
109
110
32%
104%
64%
*108%
F-A
'
75Vi
104'/a 1051/4
105 Va
31
84
94
63'A
A-0
32%
92%
102
105 Vi 106 Vi
63'/4
i
107
102
94
105%
A-0
January 1
No.
65
84
t
94
*102
M-N
64%
20
99 Vi 100
92%
M-N
106
X.
A-0
A-0
65
107%
95
13
103'/a 103 Vi
/';.
F-A
Feb 1957
income 5s
Sold
Hiah
1957
Range Since
Bonds
—
103 Vi
J-D
Friday's
or
1
107
—
A-O
.
1980
A Ad J
106
*106 Vi
1977
1945
1970
108%
107%
*108
J-J
Week's Range
Last
Sale Price Bid & Asked
Low
Hudson & Manhattan 1st 5s A.
107
F-A
ref 4Vis series B
Period
Hiah
106%
26
M-N
1981
Short Line 1st gtd 4Vis——1961
Union Term gtd 5 Vis
1972
s f 5s series B gtd
1973
Cleve
Low
108%
103
1977
gtd
General 4Vis series A
Cleve
108%
J-J
1948
1950
gtd
Series
&
No.
Friday
Interest
January 1
Pittsburgh RR—
&
Series
Gen
Sold
Hiah
Low
Cleveland Elec Ilium 3s
BONDS
New York Stock Exchange
Range Since
Bonds
Friday's
Sale Price Bid & Asked
Period
JULY 7
Week's Range
Friday
105%
107
56
70 %
8
116
117*4
98%
*58%
M-S
M-N
ext 5s
—1945
3%.—
—1955
series D——,.1968
Metrop Wat Sew,& Drain 5%s
1950
(Stamped mod)
McCrory Stores deb
—
*88
73
90%
A-0
*103
101
102%
A-0
*102%
101%
102 Va
96%
100%
Market Street Railway—
Metrop Ed 1st 4%s
99
*40%
J-J
98%
100
Q-A
A-0
M-S
A-0
•
100
105%-105%
105
106
111% 111%
109%
111%
97
97
92
97
'
Volume
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4297
160
NEW YORK
EANGE FOR
BONDS
:V;
'
V. ''■
''
'
Last
Interest
Exchange
Stock
New York
Side El
(Chic)- 4s._1938
1st
No.
F-A
Low
Period
1952
1979
19%
Low
Niag Lock & Ont Pow 1st 5s A...1955
!
ASConsol ext 4%s
107%
tAMilw Spar & N W 1st gtd 4s
1947
1941
45
J-J
73%
10
74 Vi
73
101
75%
59
74%
77%
77%
—
4s
A Ref
&
3s
§ Alst
ext
1949
§ A 1st consol
5s
J -J
1838
& ref
6s
;
series
43%
7%
5%
42%
J -J
42%
*43
88%
A-O
40
80
J-J
1959
1st 5s
J-J.
80
17
6%
!
lien
Prior
ACum
4%s series
adjust
J-D
69'A
67 Vi
69'A
& ref
Alst
A
73
71%
73'/2
Alst
A
:.
of
J-3
J-3
A-O
62%
62%
63Vi
A—Jan 1967
deposit
of
O-A
131
M-S
*129
M-S
121
Ry prior lien 4s__1997
Q-J
&
ref
series
5s
ACertificates
of
&
Morris
Essex
Q-J
97%
97%
10
88%
98
Q-F
65%
65%
65%
127
53
70%
2047
Q-A
62
62
62
1
51
66
78%
78%
79%
61
61%
84
279
80%
98i%
88
&
impt 5s series C
2047
v
J-J
83%
82%
83%
34
67%
& impt 5s
2047
/
J-J
83%
82 Va
83%
30
67%
1967
1974
'•/
F-A
108% 108%
9
108%
series D
States Power
1st & ref mtge 3%s
mtge 2%s.
(Wise)
1st mtge 3 Vis
5s
M
64 'A
64%
65 Vi
651/2
661/2
65%
65 Vi
*641/2
70%
>
.
70%
*105
73
72
56%
72%
57%
68'A
59%
72
Dairy Prod 3Vis
Nat
Distillers
debs
M-S
1949
1965
tANaugatuck RR 1st gold 4s
1954
1948
Newark Consol Gas cons 5s
fANew England RR gtd 5s__
AConsol gtd 4s
..1945
_1945
1952
.11961
.1986
1983
1952
England Tel & Tel 5s A
New
gtd" 4Mi's series B
J Junction RR gtd 1st 4s_.
1st
N
Orleans Great Nor 5s A
New
1st ref & imp 4Vis
O & N E
N
Orl Pud
New
66%
1st
ref 5s
&
Orleans
New
series
V
47%
117
'
43%
111%
of
ACertilicates
Alst
5s
ACertificates
4Vis
Alst
5Vis
Alst
of
of
of
103%
23
*113%
91
105%
101'A
116
113%
89%
91%
35
84
95%
90%
91
12
84%
93%
10
114%
122%
124
2
84 %
•
2
94%
84%
103
101%
100% 101%
8
93%
102%
102
101% 102
5
101%
2
102%
105
102% 102%
103% 104
,;V.
8
>
96
A-O
104
71
-71
72
13
62
82%
82%
82%
81
81 •
79%
'
80%
19
:
*71%
77 V,'.
71%
85
&
Ref &
Conv
N
Y
J-J
1998
F-A
72%
A-O
A-O
71
impt 5s series C
1952
3Vis
3 Vis
coll gold 3Vis
registered
Mich Cent coll gold 3Vis
3Vis
registered..,..
York
New
Ref
Ref
1st
J-J
F-A
F-A
F-A
1998
registered
Lake Shore
J-J
1997
1998
1998
1998
3Vis
& Hud River
M-N
1997
secured 3'As
Cent
*100
1943
impt 4Vis series A
83
"■'■it
80
73%
2
'
■
193
59
71;
464
56% V74%
74%
76%
76%
63
351
: 94%. 95%
F-A
78%
87
"60
90%
V
•
81%
100
96
78%
V- V
83%
90%
19
80%
58
69 %
84
76%
1
65
78%
73
73%
90'A
79
76%
80%
74
3
62%
791/2
63
73%
*66%
series
4Vis
series
71%
'
1974
C
A-O
1978
M-S
106
105% 106%
97%
96%
115
98
95%
214
87
,
106%
98Va
mtge 3Vis extended to
1947
A-O
*101% 102%
N
Y
Connecting RR 3 Vis A
1965
A-O
107% 107%
N
Y
Dock
gold 4s
1951
F-A
95%
3'As series D
1965
A-O
108%
108% 108'A
3
106%
109
1966
A-O
109%
109% 109%
3
108%
109%
2
114
115%
5
109%
111
104
105%
1st
1st
N Y
lien
&
ref
3'As series E
gold 5s
gold 4s
& Harlem gold 3Vis
96%
J-D
114
F-A
1948
1949
2000
Purchase money
Y
95
101%
102%
105
45
107%
55
■
78%
96%
& Erie—See Erie RR
N Y Gas El Lt H & Pow
N
110% 110%
114
*105%
M-N
/■/
__
2043
J-J
102 % 102 %
1
102
103
Mtge 4s
2043
J-J
103
3
102
104%
71
83%
89%
Y
series B
Lack &
1973
West 4s series A
4Vis series B
M-N
1973
1947
M-S
3Vis
1947
1954
A-O
1955
44
89%
12
V,.". 77
50
J-J
81%
89
M-S
3Vis
4s.
80%
M-N
4s
81
103
51
16
46
•
deb
ANon-conv
deb
ANon-conv
deb
ANon-conv
deb
ANon-conv
deb
50
51
3
•
-
"45%
60%
60
M0
45%
59/.
5
46%
61
36
"
746%
" 61
V V
■
debentures
4%s
General
4%s
General
5s
Pere
N Y ii Putnam
4s_,
112% 112%
5
110%
79%
48%
1974
1956
F-A
Pekin Union Ry 5%s
Marquette 1st series A 5s
4s
gold 41/2S "series C
General
5s
General, gold
109'A
M-S
107%
108'% 107%
11
107%
111%
102%
104
,1967
.1973
of
ACertificates
Series I
*112
M-N
*112%
1960
F-A
*113%
.1963
.1977
4%s A— .1952:
106%
15%
gold -4 Vis. J
105 Vi
46
46
107%
*16
-V
A Terminal
1st void
34
507/a
15
21
3'As series B
tSAN Y West & Bost
F-A
*10%
11%
10%
14
M-N
a__
92
87
95
1967
1st 4Vis
Falls Power 3 %s
see
F-A
..1943
page
J-J
1946
.______1966
140.
:
J-J
'
M-S
*110.
24%
■
-•
110%
109%
111
24%
96
18%
31
1091/8 109%
2
108%
23%
57
58%
81
82%
14
58
& ref
1st
&
ref
mtge
J-D
J-J
92
,
J-J
.1972
Public Service Qf Nor 111
'
—.
.....
■
..
~_
:
■,
.
—
26
86
94/2
31
99%
105'A
2
101%
105%
108%
109'A
113%
113%
100%
103
*1131/4
103
103
23%
M-S
M-N
23'/2-
6
11
17
98%
110;
*110% 110%
.
30%
100%
110%
*107% 107%
...
■
107%
147%
1471/2
*222/8
%
106'A
*148/8
..
J-J
J-D
103
*100/8
J-J
.2037
92%'
*108% 109'A
,
M-N
.2037
92
101% 101%.
3-J
F-A
—
__
104% 105%
105
3-J
1951
5s
107'/a
'
■
M-S
1977
mtge 8s_.
83
83
107%
■
83%
J-D
1st M 3%s—-- 1960
ref mtge 3s__—
1st
81
224
224'A
3%s_.—.1968
A-O
109%
109'A 109%
1951
A-O
105
104% 105
31
97
105
.
1997
J-J
103
"
102% 103
69
94
104/a
1997
J-J
102% 102%
15
941/4
—1958
J-J
107%
15
104%
107'A
101'A
103
109% 111%
109
1
.
83
108
11
107
108% 109
81%
•
69%
1940
gold 5s_
footnotes
*106
J-J
J-J
5%
59%
111%
.
1937
§ A General
N Y Telephone
J-J
4
52
110
23
*121
9%
7
83
F-A
102%
22
105
80
81%
*107%
1
1st &
105%
101%
J-D
1950
3'As
105
102%
1
.1948
102
El Pwr
102
7
104
A-O
5s series B.—
.1974
5s series C__
.1977
1st 4%s series D_
—
.1964
Pittston Co 5% inc deb
.I960
Portland Gen Elec 1st 4%s-—
1st mortgage
107%
104
A-O
gen
1st 5s extended to
121
123
106%
15
.1962
1st 4s ser A—
116%
116
107%
.1960
gen
1
123
1959
1st mtge 4%s series C
123%
4
121
104% 104%
-V
123%
123
*104% 105
104
•
115
122%
1V;
107
M-S
112%
113%
113%
__
121
107
104%
112
..
123
J-J
J-D
'JPublic Service El & Gas 3'As—— .1968
•
121
A-O
A— .1958
63%
"!
J-D
J-D
1st mtge 4%s series B__,
1 *t
15%
112%
123% 123%
J-D
mtge 4%s series B
104
■
__
*122% 124%
123%
1950
Pitts & W Va 1st 4'As series
Potomac
F-A
M-N
.1950
1st mtge 4%s
Pitts Young & Ash
104
*104
4%s series C
1st
101/4
*104
F-A
J-D
1957
4%s
conv
9%
100%
'
guaranteed 4s__-
& Iron
7%
39
103%
M-N
cons
Steel
98
15%
100% 101
1953
Gen
Pitts
1061/2
6'%
13%
15%
100%
1949
Gen
Gen
104%
J-J
1945
gold....
4s guaranteed
cons
105%
*14
4s guaranteed
J
30'A
104%
*105'A 105%
guaranteed 4%s_. 1964
1970
mtge 5s series A
1975
mtge 5s seriesJB
Series
17%
4
M-S
F-A
■
701/a
189
.1937
4s guaranteed
cons
38%
124 Vi
117
104% 104'%
29
132
"
70 Va
30 'A
M-S
.T964
3%s gtd gold—
H
Series
29%
68%
M-N
Pittsburgh Cine Chi & St Louis—
Series G
69
deposit
Phillips Petroleum 2%s debs
F
104
*103
3-3
.1963
1st s f 4s
t§APhilippine Ry
•
1949
—
48%
lien 6s stamp__v.—1958
N Y Steam Corp 1st 3Vis_.
1963
*|AN Y Susq & W 1st ref 5s
1937
J-D
.1971
132 Va
*132
.1962
deb 6s:
D
107
105%
Philip Morris Ltd deb
3s debentures-
Series
131
121
1st & ref mtge 2%s
^Philadelphia & Reading Coal—'
A ref 5s
stamped
AConv
103%
104/a 104%
104%
10
136
N Y Rys prior
J-D
22
54-%
136
-
97
108'% 108%
54
5%'
95
1241/4 124'A
54%
67'A
82
111
108%
J-D
5
95
J-J
31%
110% 110%
87'%
1
931/2:
94
101%
J-J
J16%
64%
93%
v
95%
69
1961
53
,/
107
1977 "
251/4
5//
53
105 %
106'A
4%s series C
Philadelphia Co coll tr 4'As
Phila Electric 1st & ref 3%s
24%
67%
23%
F-A
24%
A-O
55%
*71
.1974 "
M-N
/V M-N
81
51
53
B__
series
t A Providence Securities 4s——- .1957
.1958
t A Providence Terminal 4s;
<
94%
112%
81
99% 101
93%
M-3
1952
Phelps Dodge conv 3%s deb
phila Bait & Wash 1st gold 4s—
94
..1965
J-J
1980
111
48
99%
•'*
111
IO2V2
771/4
*106
J-J
.1956
series B
1st
1st
i
120'A
104
112%
20)
gtd 4s____1993
97
106"
A-O
Apr
87%
:
36
24
,
M-S
.1960
Pressed Steel Car deb 5s
cons
109% 110%
Apr 1990
1
87
1st
103'A 104
110%
99%
87%
•'•■; \
115%
105%
A-O
N Y Queens El Lt & Pow 3Vis
104
A-O
118% 119%
17
64
105% 105%
V/14%:i5%
125
1131/2
116
59%
r
121
109
13
"
U2'A 113
A-O
104/a
5
69
123'A 124
112%
119%
101% 102%
50%
14%
F-A
"109% 110%
45%
•
98%
85
-
110%
19
M-N
104%
104
104%
102'A
116
M-S
J-D
108
*109%
A-O
J-J
55%
m
109/a
109%
M-N
A-O
51%
:
109V4
108
109
109
1947
Peoples Gas L & C ref 5s
& -Eastern 4s ext
&
110'A
106%
1984
series E
Peoria
Peoria
108 Va
108 V4
30
M-N
1981
3'As
deb
105'A
10
108% 109'A
1952
mtge 4'As
Conv
10
109'A 110'A
1970
General 4'As series D_—
i*®(Gen
108'A 108%
J-D
'
109/2
109'A
1968
/Debenture gold 4%s
109%
HO'A
B__
series
49%
V,
106
V 1
108%
J-D
54%
1954
107%
109%
1965
49 v
•
109'A
106
*104
109'A 109%
A
series
50%
'82/
lOl'/a
108
10585
F-A
Pennsylvania RR—
Ccnsol gold,4s
1948
4s sterl stpd dollar!
May 1 1948
Gen mtge 3%s series C—
1970
Cons sinking fund 4%s
.1960
54%
.._.._.__1957
10511
J-J
1969
X974
50%
>•
101
10515
*100% 103'A
*1091/8 109%
'
96'A
1161/4
96%
F-A
11968
D
49-V
4s
For
ser
Light 3%s
J-J
* A Harlem River & Port Chester—
Niagara
3%s
J-J
tAN Y Ont & West ref gold 4s_—1992
'V AGeneral 4s__.._._
_..____„1955
8 A 2d
ref
Power &
M-N
Alst & ref 4Vis series of 1927__.1967
1st
49%
50
85%
113%
96%
J-J
1956
1940
105'A
1981
B
1956
trust 6s
103
J-D
1948
4s
ADebenture
.
49%
49%
.
105%
1960
6s__
deb
'... § ACollateral
f
50
*104
F-A
certificates 3Vis
ADebenture
;AConv
&
1st
IN Y New Haven & Hartford RR—
ANon-conv
1st
Penna
Pitts Coke
Mtge 4s series A
N
&
Seri is
'
N Y Edison
ref 41/2S series
1st
Series E
A
M-N
.1963
4s
——
258
99% 100
95%
110
106
,
72%
68%
100
Gtd 4s series E trust ctfs
.
"71%
110%
*103
106
Pennsylvania Ohio & Detroit RR—
86
83
,
108%
J-J
f gold 3s loan
M s
110
*109% 110%
M-N
78
74
26
:
•
80
69 ?!
"
'K
Chicago & St Louis—
5Vis
1955
f gold 4%s
s
108
2
82%
68%
83
2013
2013
Central RR 4s series A
Y
Ref
J-D
3-D
81
V.
71%
'
"> 83 %.j85
__
General gtd 4Vis
-
1966
3%s series C
mtge
1952
84%
•
72
20 V-
79%
*75
70%
72
.
6
■
:
75
61
.V
Newport & Cincinnati Bridge Co—
N
108'A IO91/8
A Income
•*70
1954
108 %
1944 '
f
104%
:->i"
deposit
A-O
110% 111V'8
M-S
126
101% 101'A
F-A
.
106
1960
99%
F-A
117'A
*85
—
..1956
series A
ACertificates
107%
*101% 104
F-A"?
deposit
deposit
104%
Pennsylvania Co—
Guaranteed 3%s trust ctfs D
103%
99%
104Vi 105'A
81
1061/4
11
Broadway Corp—
ctfs_.—1955
107/a
103%
102%
F-A
—
series D
ACertificates
93
105%
26
124
•„A-O
..1956
—
104/8
105% 106
Pennsylvania Glass Sand 3'As
82
•
—
deposit
lll'A
12
106
1st
.
1954
of
C
series
V
-
series:B
5s
ACertificates
Alst
deposit
110
105'A 105%
J-D
Secured
3
104'A
114% 114"%
A-O ■/
13
J-D
1971
Paterson & Passaic G & E cons 5S.1949
;
123
J-J
.1935
inc 5s series A
SANon-cum
92
J-D
■■■v.
J-D
1970
series J
M 3s series K
Paducah & 111 1st
112
A-O
v
1966
& ref
Ref
110%
J-J
1953
gtd 4s
111 Va
Pacific Tel & Tel 3'As series B
65
109
■";•• 3
3-J
1955
B
1st
Term
tNew Orleans Texas & Mexico Ry—
99%
110%
109%
1st
43
62
109
M-N
,
98
108
6
Paramount
80
J-D
1
5
49
110%
69%
3-J
v
5s series A..1952
1st
Ser
3-J
99%
110
Panhandle East P L 3s B._ ._i^zl960
59
107 ?" 107%
M-N
J-D*
110%
11
1st & ref mtge 3s
"
:
108 Va
1(18
;
S
108% 108%
63%
..r
*103% 103%
A-O
106%
108% 108%
110
48%
"104
-r
1
106% 106%
108%
108%
111%
V"
M-S
108 3/a
J-D
108%
.111
111%
3-D
1949
106'A
3-D
101%
91 ••*'
6
J-D
gold 5s
100%
60%
105/8
106% 106%
1961
1st
3
65%
104%
1964 '
& ref
1st
96%
F-A
1960
Prod 3Vis
3'As sinking fund debentures
National Steel 1st mtge 3s—_
1948
3
106%
J-J
104% 104%
& El 4s series G
Coast Co
Pacific Gas
105 Zb
94%
109
104
1041/4
J-D
mtge 3%s series H
Pacific
73%
60
104%
—
105%
62
110%
103%
J-J
4
66 Vi
109
109%
104%
*10215 104
J-J
14
57%
108'/a
*108% 108%
1961
96%
58'A
109'A
M-N
.....1946
101% 101%
101%
108
1st & ref mtge 3% s series I
~6
71
-
Nat
Guaranteed Stpd cons 5s
106'A
106%
J-D
1945
Oregon-Wash RR & Nav 4s
20%
104%
72%
59%
107% 108'A
M-N
1978
5s
15%
16
71
56%
158
,
N
& St L 4s series A
3%s
1st
11
17
16%
104% 104%
*106% 107 ''
108% 109%
J-J
...1972
..I960
56%
Elec
114%
108%
W
/
3%s_^
Gas: &
16%'
104%
13%
106 Vi
96
100%
1121/4
72%
:
108'A
M-N
mtge
Oregon RR & Nav con gold 4S—..1946
Ore Short Lina 1st con& gold 5s_._1946
ir
Nash Chatt
1st
Ontario Transmission
3
M-N
M-S
Oklahoma
'Va 2
J-D
M-N
.1967
■
69%
56%
109% 109 %
M-N
J-D
J-J
1965
mtge 4s
30
80
111% 111%
3-D
J
..1948
Ohio Edison
72/8
9%
A-O
1947
gtd 5s
§ Alst guaranteed 4s..
1st mtge 4s
69 '/a
57%
164
66%
100%
111%
O
22%
__
__
8
4
tOgdensburg & Lake Champlain Ry—
56%
'
100% 100%
100%
M-S
75
56%
87
■
__
12
1955
1968
3'As
66% V"
A-O
1951
1958
2000
4Vis series B
Mutual Fuel Gas 1st
65%
11 Vi
1955
M
Constr
65%
88
110%
71%
VV
364
97
96
111% 111%
F-A
1964
V
'
96 'A
Co—
56%
'(
603
66%
11'A
M-S
F-A
1966
series A
Constr
102 Va
1997
J-J
1st
7%
81
57
*64'/2
*641/2
ext
Mountain States T & T
651/2
65%
—
gtd 3Vis
1st
92%
105
36
92
,
■r
F-A
1981
ref 33As
66%
27'A
M-N i
A-O
..1949
1980
& Co 3s debs
Morrell (John)
26 'A
27
*
I
5s
65 Vi
*64%
M-N
.
Tramways
28
254
—
gold 4s___1991
1966
Monongahela W Penn Pub Serv—>
1st mtge 4Vis
1960
6s debentures
1965
Montreal
66'A
53'A
65%
M-3
deposit
1st &
93
2047
(Minn)
53%
/• v
65%.
50'A
—
Monongahela Ry 3V4S series B
Power
121%
Id gold 3s_.__Jan 2047
ry &
1st
M-S
Moh'k & Malone 1st gtd
Montana
129
'
impt 6s series B
44%
64%
T
66'A
—
1978
gold 5Vis
ref gold 5s series H
ACertificates of deposit
116
1
'
100% 101 y8
101%
153
125
121
&
Northern
56%
.
25
'
52%
F-A
.
.—
&
129
131
Ref
•
.
1977
.
deposit
AConv
Alst
,.
——_
A 1st & ref 5s series G
ACertificates of deposit
Alst
•»'
1963
1975
ref 5s series P
&
:
4s
Certificates
48
Ref
43%
73%
79
A__
series
5s
Certificates
A General
47%
40
J-J
5%
100
114
3-J
-
89 Va
37%
2047
43%
5
1
L— ■'
/
..1962 ,y;
1978
D
5s series
82%
46
impt 4Vis series A
29%
M
12
80
*101% 103%
a
1990
,
^Missouri Pacific RR Co—
12
40 V'e
&
30%
-.4-'
1962
Mo Kansas & Texas 1st 4s
40-year 4s series B
88%
39%
Ref
12
3%
44'/a
6'A
6'A
J-J
v
1978
series A
High
110%
88
1974
A
Missouri-Kansas-Texas RR—
Prior lien 5s
Low
*43
..1974
ref 5s.
4%s series
registered
29%
'•
28
,
50
43
44 Vi
J-J
1946
A
Alst & fef 5%s series B
t A Missouri-Illinois RR
2
Marie
Ste
§ Alst stamped 5s gtd as to int„1938
A 1st
ll'A
*4%
Q-F
1938
11'A
11'A
M-S
;
1962
50-yr 5s series A
4s stamped
cons
January 1
108'A
2
Ref
gold 4s
tMlnc Ct Paul & Sault
J-J
F-A
Ry 1st gold 4s_1996
&
gen
Range Since
Sold
NO.
109% 110
...
2014
1998
inc.....
RR 5s
registered
Gen lien
fMinneapoiis & St Louis RR—
ref
Western
ref
&
A-O
A.___1961
A
series
Northern Pacific
90%
47
v
..
Gen
Bonds
High
Co—
Southern
Central
North
71
97
90%
*65
Norfolk &
107%
55
4 %s
mtge
t§ANorfolk
94
.
1061/8
10
66
90
M-S
tgAMilw & State Line
65%
73
*101% 110
J-D
1st 3%s
1071/2
107
66
A-O
J-D
1939
&
Ry
AGen mtge 5s conv
105%
102%
64
1st
97
95
"3
93'A
92 Vi
M-S
1940
t§AMilw & Northern 1st ext 4%s__1939
99
•'102% 104'A
102%
J-J
Michigan Cons Gas 1st mtge 3%s_1969
t§AMidland of N J 1st ext 5s
*97
M-S
M-N
1951
Last
Sale Price Bid & Asked
High
16
;
—
Week's Range
or Friday's
Friday
Interest
New York Stock Exchange
January 1
'
gold 3'/sis
& impt 4%s series C
A 1st
7
Norfolk Southern
Miuiugan Central—
Jack Lans & Sag 3Vis
Ref
JULY
Range Since
Sold
High
Low
t§AMet West
Bonds
Sale Price Bid & Asked
Period
y
BOND RECORD.
WEEK ENDING
BONDS
Week's Range
or Friday's
Friday
'
139
109%
Reading Co Jersey Cent coll 4s
Gen & ref 4'As series A_i
Gen & ref 4'As series B
Remington
Povoro
J § ARio
Alst
Rand deb 3'As
rnnner &
Brass 3'As
—1910
Grande West 1st gold 4S..1939
cons
& coll trust 4s A
1949
102%
107
M-N
*101% 102%
J-J
91%
91%
92%
18
A-O
56%
55%
56%
24
104%
,
Monday, July 10, 1944
FINANCIAL CHRONICLE
THE COMMERCIAL &
40
NEW YORK BOND RECORD
Last
Interest
Exchange
Friday's
or
Sale Price Bid &
Period
Sold
Low
No.
High
Interest
Exchange
Stock
New York
Range Since
January 1
Bonds
;
Asked
Low
Friday
BONDS
Week's Range
Friday
BONDS
Tlew Tork Stock
JULY 7
WEEK ENDING
FOR
RANGE
Week's Range
Last
Period
or
January I
Sold
High
Low
High
Range Since
Bonds
Friday's
Sale Price Bid & Asked
High
Low
No.
"
& Elec
Gas
■,
M-S
*125%
—
1st gold 5s—1949
Trenton Gas & Elec
108%
2
M-S
47 %
47
47%
49
j-j
13%
13%
13%
J-J
13%
13%
13%
108 Vi
107% 109%
39%
9
11
16%
1
12
deb A——1953
19
%
1988
^.1947
1998
:
k—----1996
Mountain & Southern-
2d
-
gold 6s
tSt Louis Iron
River & Gult Division
A 1st 4s stamped—
ACertificates of deposit.
•
J-J
L-
.
,107%
105
4
107% 107%
*—
106%
A-0
74
1
62%
76
—.
76%
5
63
,i
74
76%
99%
96
98 Vi
98 %
1
95
96%
98
25
81
100
100
14
97%
100
93
Francisco Ry
JSt Louis San
A
a
.——-1950
A
4s ser
lien
Prior
93
5
89%
94
l
41%
42%
302
33
45
i
41%
deposit—
certificates of
-----
series B
——1950
ACertificates of deposit—
A Cons M 4%s series A
—-1978
ACertificates of deposit stpd
—.
iSt Louis-Southwestern Ry—
■'
1st 4s bond, certificates
——1989
A 2d 4s inc bond ctfs———Nov 1989
lien 5s
APrior
1952
unifying 5s—
goid 5s series A
5 A 1st term &
1990
gold 48.1968
I ASt Paul E Gr Trk 1st 4%s
1947
JSASt P & K C Sh L gtd 4%8—1941
St Paul Union Depot 3% s B—
1971
Schenley Distillers 4s s f deb—
1952
Scioto V & N E 1st gtd 4s
1989
AGem& ref
& Duluth 1st cons
St Paul
tSeaboard Air Line Ry—
5 a 1st gold 4s unstamped
-1950
§A4s gold stamped
1950
JARefunding 4s
——
ACertificates of deposit
—
A 1st cons 6s series A
1945
ACertificates of deposit—
t§AAtl & Bitm 1st gtd 4s_—
1933
lASeaboard All Fla 6s A ctfs—~;1935
A 6s series B certificates-,
1935
m-a
j-j
•
41%
j-j
'
41%
20
32%
44
124
36%
36%
49%
48%
i
11
45
34%
35%
482
28%
37%
34%
83
28%
37%
83
J-J
63
.
Union Oil 2%s debs
-1954
2%s sinking fund debentures—1961
1941
collL tr J7s
t§ASilesian-Am Corp
debentures 4s
——19&J
Skelly Oil 3s debentures1950
Socony-Vacuura Oil 3s debs—.
l»B4
South & Nor Ala RR gtd 5s
1963
South Bell Tel & Tel 3 Vis
1962
Simmons Co
1078
debentures
3s
Co—
V
4s
(Cent Pac coll)
Aug 1949
4s registered
—1949
1st 4y2s (Oregon Lines) A—
1977
Southern Pacific
Gold 4%s_—
1968
1969
1981
—
Gold 4%s
Gold 4 Vis—
—
1950
1st 4s
Fran Term
San
1955
1st ref gtd 4s
South Pac RR
Stamped
—----
1994
Devel & gen
1956
Devel & gen
1956
Devel & gen 6'/2s
1956
Mem Div 1st gold 5s——
1996
St Louis Div 1st gold 4s
1951
Southwestern Bell Tel 3%s B
1964
1st & ref 3s series C
.
-—1968
Southwestern Pub Serv 4s———1972
ASpokane Internat 1st gold 4Vis—2013
Stand Oil of Calif 2%s debs——1960
Standard Oil N J deb 3s
——1961
2% debenture————
—1953
Superior Oil 3 Vis debs
1956
gold 5s
4s series A
6s——1
Southern Ry 1st cons
-1961
debs
Swift & Co 2Vis
63%
2
A-O
103 %
2.65s
102
67
66%
67%
43
A-O
30%
30'/a
30%
122
*28%
29 %
;
,
'
.
'
'—i*
68%
69
21%
32%
20
106
128%:
43%
4
A-O
31
41
41
42 y4
395
28%
4iya
90
27%
42
56%
57%
37%
37%
37%
42%
" ;
;
■
j
2
r
.
M-N
*101%
M-N
*101%.
'
101%
22
100
102
101% 101%
30
100%
102 Va
j
65%
-
63
*61
52%
.
.
A-O
*103% 104%
103
105%
f-a
103% 103%
2
103
J-J
105% 105%
5
105%
*126
2 v;
*100%
105%
84%
84
79%
78%
79%
302%
102
1 1954
M-N
*102
—
M-N
*103
w—il951
M-S
M-N
79
s
78%
77
A Gen
M-3
*98
104%
J-J
104% 304%
10
10O >
96 %
38
80
109% 109%
4
109%
HI
30
100%
104%
Western
84%
84
75
101%
100% 1017/s
113%
113% 114
Penn
1st
If-8
3V2S
Power
Pacific
1st
5s
ser
Telegraph
Union
38%
*100
*117
J-D
J-J
107
101%
55% : 72%
J-J
64%
64%
66%
87
53
110%
111%
98%
62
91%
98%
8
101%
104%
M-N
—
of
ACertificates
60
of
ACertificates
106 %
104%
deposit..
105 y8 105%
13
104%
103% 104%
?9
103%
105%
Wisconsin Elec Power 3%s——1968
106% 106 %
9
105%
107%
Wisconsin Public Service
4
102%
103
'118
120
103
'106
106
105%
__
A-O
Af-N
102%
106
Vi
11
9
105
106%
Included In
106%,
6
105%
106%
not Included
121
106
11
115%
1977
A-O
93
93%
93
18
81%
A-O
91%
91
91%
19
79%
95%
&
ref 5s series
D__
1980
J-D
1-1964
M-3
a
96%
1979
A Ad J
I960
income 5s
Jan 1960
18
.17
<
*109%
A-O
109%
110%
107%
108%
101%
l—
108% 108%
J-J
121
121
J-D
91
90%
91%
81
80
81
80
A-O
38%
34%
38%
.—I960
'■V-
the year's range,
106
n
In the year's range,
d Ex-Interest,
s Odd-lot sale
Under-the-rule sale not included In the year's range,
r Cash
not
sale
in the year's range.
quotation per 300-
tThe price represented Is the dollar
Accrued interest payable at the exchange rate of $4.8484.
§Negotlability Impaired by maturity.
tCompanies reported as being In bankruptcy,
the Bankruptcy Act,
112
108
receivership, or reorganized under Section 77
of
securities assumed by such companies.
or
71
83%
'Friday's bid and asked prices; no sales being
30%
726
37
105% 106
delivery sale not Included
Deferred
pound unit of bonds.
96
80%
37
J-J
105%
M-N
Vi.
103 Vo
91%
102% 102%
105% 106 %'
F-A
C—
1st ref 4s
22%
15%
.
113
111
'112
B
Ave Ry
.
...——
3%s.—.—1971
Youngstown Sheet & Tube—
1st mtge s f 3%s series D
118
ref 5s series
Pac Mo Pac Ter 5 Vis A
70
16%
17%
X
'
118
ref 5s series
Gen
.74%
1
60%
103%
103
Af-N
&
Third
116'%
57%
33
67
16%
•
105%
116%
68%
67
■■'17%
M-N
69%
1*21
—
67%
67%
1
&
Tex
iv
deposit
J-J
M-N
J-J
—2000
104% 101 %
*116%
J-J
§ ASu & Du div & term 1st As—1930
104
J-D
1965
gold 5s—
i
A-O
J-J
1960
JAWlsconsin Central 1st 4s———1949
98%
98%
M-S
1st 4s
B
*110%
M-S
1st mortgage 3s_—1958
Winsion-Salem S
111%
102%
99
16
Wilson & Co
J-J
Pacific 1st
107%
68
112%
Gen
&
101%
67 %
Registered
106% 107%
Gen
Texas
77%
67%
110%
1959
debentures
3s
78
J-J
5
1950
deb—
95%
94 Vb
94%
107 Va-'
110
J-J
Company 3s
106%
101
106
impt mtge 3%s series B__1974
Ret &
98%
100%
100%
F-A
Ttxarkana & Ft Smith 5yas A
Texas
101
46
102
100%
1951
—
88%
105% 106%
105%
M-S
112%
110%
99% 100
99%
A-O
109%
14
185
130% 111 .v
110%
J-J
118
118%
108 %
.
101
117%
*108%
5
8
"H
101
F-a
63
2
1944
f gold 4s
s
.*100%
101%
45
107% 107%
1953
refund
Gen
102%:
101 % 101%
105% 105 %
.
53
98
101
107% 107%
105%
103
84
*101%
J-D
X
Tenn Coal Iron & RR gen 5s
Terminal Assn St L 1st cons 5s
49%
49%
F-A
—2361
Wheeling & Lake Erie RR 4s
1949
Wheeling Steel 1st 3%s series B—1966
108%
53
9
105% 106%
•105% 106
96
55%
50 %
102
106
92% 104%
103
95%
106%
12
*52
;;s
107%
57
F-A
99% 100%
100
M-3
107%
Apr
56
J-D
104%
111% 111%
68
60
M-N
107
M-N
4
82%
F-A
—
104
110%
86%
80%
44
104%
1
86%
86%
Co—
107%
10
96
104%
97
Apr
1852
—1977
A—1946
A-O
106% 106%
V
90
Apr
series 1—1966
1st 4s
5%s series A
A-O
110% 111
111%
109%
Funding & real estate 4yas...—1950
25-year gold 5s
—
1951
30-year 5s
1960
Westinghouse El & Mfg 2%s
1951
West Shore 1st 4s guaranteed
2361
101%
,114 VV
73% -8?'
102
86%
85%
•,
102% 102%
102%
J-J
—1971
1981
1991
Maryland
ref
&
Western
J-J
105
series A.
mtge 4s inc series A
tAWestern
106%
91%
199
94%
:
Q-M
Wpst,
.
65%
101%
96%
1948
Washington Term 1st gtd 3J/as_—1945
1st 40-year guaranteed 4s
1945
Westchester Ltg 5s stpd gtd
1950
Gen mtge 3%s_
:——1967
89%
65%
J-J
112
112
1
111%
A-O
112
'
110
A-O
85
170
105% 106
'
—
112
w
69
50
78%
-
.
106
106%
99 %
M-S
.—1966
Virginian Ry 3%s series A
66%
137
201
A-O
J-D
103%
98
Nt-N
f 4s series B—
Washington Central Ry 1st 4s_
101%
79
77%
M-N
J-J
*108%
102 %
103
101%
98%
98%
f-a
3%s debs.——1959
101%
102
—
103% 103%
A-O
A—1959
*.-——1957
Va Elec & Pwr 3Vas series B—_—1968
Va Iron Coal & Coke 1st goid 5s._1949
Va & Southwest 1st gtd 5s—_—-2003
1st1 cons 5s-—
————1958
Cons
'
J-J
102
103%
*102
1955
Warren RR 1st ref gtd gold 3yas__2000
101%
94
85
K-a
J-J
101%
103
*102
mtge inc 4V4s ser B
Walworth Co 1st mtge 4s
108%
95%
.
if-s
85%'
101%
101%
M-N
AGen
108%
8
101
101
V
124
4.1
107% 107%
101
123
107
__
108% 108%
J-J
101%
101%
__
M-N
Vandalla RR cons g 4s series
1st mtge 4s
106%
A-O
101 Va
101%
-'
1 1953
NOV
102%
101%. 102
—
May 1 1955
Pictures
.
Wabash RR Co—
103%
A-O
100%
May 1 1954
NOV
f
101%
105%
101%
—
:
101
.
—
101%
54
101%
,
—
102%
101%
%
—
11953
,
t
62
36
'y*,'
60
35
16
■
A-O
1 1952
.
j
43%
40
F-A
J-J
—
.
Universal
J
,
'
40
J-D
*101%
1 1949
■
105%
126%
66
F-A
*101%
M-N
—
—-
101%
104%
103%
—
65%
J-J
M-N
United Stockyards 4y4s w
f
:
104
"101%
10
38%
65%
M-S
——May 1 1950
-NOV 1 1950
*100%.
—
2.60s
12
*100%
—
2.55s
.'
30%
*101
M-N
—Nov
-
107%
100%
/
—May
2.50S
:!
7
A-O
F-A
:
,
110%
106
102
106%
109
"ii:
108%
106%
102%.
11
110% 110%
M-N
;
-
107 %
102%
■
•.,;
Nov
2.45s
i
;V
.,.
'
2.40s
19%y
104
102%
*107% 109%
—May 1 1952
;
36
*128
M-S
51
-106
M-N
-
{
32%
"•104 Va
«
Af-8
m-n
198U
—May 11949
.
2.20s
63.% O
103% 104
36
22
106%
110%
•
—
-
82%
100
Corp—
V.
——
83%
22%
32%
36
J-J
Steel
2.10s
.
;
11
31%
f-a
J-D
—
debs.;
2.35s
106
92
106
States
38%
;
88
106% 106%
106%
M-N
103% 104
70%
88
107% 107%
107'%
A-O
F-A
57%
8
57
>
100
100
,
Shell
81
62%
*
100
J-D
83%
79
79%
J-J
J-J
102-
I
J-J
1947
—1970
—.1971
—
A-O
f
97
10
5s—1952
Drug 3%s debs——....
1958
■(
34
13
103%
A-O
2.15s
45 Va
44 %
104% 105
103
103%
——1955
'
44%
104%
J-J
103 %■106
4
v
Serial debentures
34
m-n
RR—
105%.
United
J
34%
ii-a
112
19
22%
105
United
:
98
44%
44%
110%
-111%'111%
v.,
.—
United Cigar-Whelan Stores
:i
99%
.
Pacific
2.05s
42
j-j
107%
*—
F-A
,-1967
,
United Biscuit 3%s
'
-
J-J
103%
106%
A-O
1st & land grant 4s
34-yeaf 3'/is deb—
35-year 3yas deb—
Ref mtge 3%s series A
|*
100%
95%
98%
.99%
98%
Union
:
.
•'
M-N
101%
—
107'% 107%
107%
111%
Af-N
debentures
3s
106
106
74
J-J
—
tASt L Peor & N W 1st gtd 5s—194a
Bt L Pub Serv 1st mtge 5s-———1959
St L RockV Mt & P 5s stpd—
1955
1971
5s—i.J 1945
1959
t§AUnion Elec Ry (Chic)
Calif 3s deb
Saguenay Pwr Ltd 1st M 4Via
St Jos & Grand Island 1st 4s
St Lawr & Adir 1st gold 5s_
2
*116%
■
U
Union Oil of
107%
104
50
Union Electric Co of Mo 3%s
a-o
101%
103% 103%
—
J-D
M-S
Tri-Cont Corp 5s conv
;■
A-O
1st gold 4s._1940
& Buff
Ham
Toronto
111%
111%
—
-
—
M-S
M-S
103
1.7
—
*111 Vi
M-S
'96%
102% 102%
*102% 105
102%
A-%J
1st 4s——iy50
St Louis & West
Toledo
J-D
3%s__1960
Tol & Ohio Cent ref & impt
Corp—
Gen mtge 4%s series D——
1977
Gen mtge 3%s series H
——-ly67
Gen mtge 3%s series I
*.1967
Gen mtge 3 Vis series J—
1969
}§AR I Ark & Louis 1st 4%s
1934
iARut-Canadian 4s stpd
——1949
11A Rutland RR 4%s stamped.
1941
Rochester
38%
transacted during eurrent week.
ABonds selling flat.
NEW YORK CURB EXCHANGE
AND
WEEKLY
NOTICE—Cash
a
and
following extensive list
July
l,
and
ending
the
we
furnish
Friday
present
a
(July
7,
It
1944).
is
compiled
STOCKS
Friday
Exchange
u
Last
Sale Price
Par
Acme Wire Co
Aero
common.
of Prices
B
Ainsworth
—1
3%
3%
common
Inc
(NJ)
Accessories
Investors
...8
1
Corp....
ZZ~
Z~
common
9%
—1
10%
-50c
-_2
Convertible
4%
9%
10
4%
10
10%
4%
Low
20
22
Jan
21
4
3%
Jun
6%
Feb
10
Feb
2%
2%
5,200
-3
3%
3%
3%
2,400
Great
-50
99%
99%
99%
40
Power Co
Southern
$7
preferred!
preferred..
footnote.",
2
Jan
page
145.
Week's
i
Alles
&
Fisher common^.
...
Allied Intl Investing S3 conv
Allied
t.
Products
of Prices
'
4%
July
Jun
Jun
Class
A
conv
6%
preferred:
;
Goods
2%
Feb
Aluminum Industries common——
Jan
Alurpinium Ltd. common
6%
preferred
3%
Apr
Jan
102
Feb
118%
.
Jun
Mar
American
Book
106% May
American'
Central
Co..—;
Mfg:—
33
112
*
•
29%
150
34%
4,500
113%
1,100
29%
34%
112%
;
12
12
12
50
81
82
300
Jari
Feb
23%
Apr
"
27% Mar
109%
9
Jan
Jun'
—1
2%
2%
2%
800
1%
100
36%
36%
36%
40
28%
Jan
—1
12 V4
10%
12%
6,900
5%
Jan
Jan
6
July
22
Jun
31
Jun
31
Jun
34% Jun
13% Jun
84
Jan
103
Feb
May
73%
1
High
113 % July
19% Mar
Feb
Feb
95%
100
:..•.'—
..July
18%
82
...
American Beverage common-
Jun
6
8%
22 %
..100
:
Mfg
35%
89
Low
No.
High
.10
*
Jan
114
Range Since January
Shares
100
.JL
.25
common
Aluminum Co new common—
Aluminum
)
Sales
for Week
pfd
(Mich)^____^....
Jan
2%
V'- Flange
'
■'
2
104%. Mar
see
Last
Low
Feb
10%
Alabama
For
Friday.
Exchange
Curb
Jan
x8%
Alabama
S6
York
35
2%
"■
Sale Price
Mar
26
Apr
600
1,800
-10
*
«'
High
5,600
18,200
;
Range since January 1
Shares
preferred.
Electric Appliance
Air-Way
'■<
•
■
Air
7
STOCKS—
New
20
3%
JULY
Sales
High
26
#
*
Mfg
Associates
Aircraft
26
WEEK ENDING
for Week
...1
Class
Air
Range
Low
..10
Supply Mfg class A
Week'a
FOR
weekly range are shown
York Curb Exchange for the week
dealings have occurred during the current year.
RANGE
Curb
week, and when selling outside the regular
beginning on Saturday,
entirely from the daily reports of the Curb Exchange itself, and is intended to
complete record of the transactions on the New
include every security, whether stock or bond, in which any
New York
RECORD
delivery sales are disregarded In the week's range unless they are the only transactions of the
week in which they occur.
No account is taken of such sales in computing the range for the year.
in
the
YEARLY
deferred
footnote
In the
m
,
2% Mar
37% Jun
12% July
-
Volume
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4297
160
EXCHANGE
NEW YORK CURB
RANGE
Friday
Range
Exchange
Sale Price
■I
;
(
A
Class
■
-Class
American
&
American
Fork
Hoe
&
Co—,,
American Meter Co—»
15%
Jan
18
26%
Jan
29 %
325
Jan
1121%
Jun
71/8
1,600
5%
Jan
100
34%
Jan
39
July
Jan
44
Jun
Carrier
Jun
Carter
6%
39
107
18
19
16%
•'
17
1%
1%
Writing
Paper
Angostura-Wupperman
'.
41"
13%
■
Aro
Assoc
97
May
"
3%
Jun
July
Central
Ohio
Apr
Central
Power
Jan
51%
Jun
Central
& South
3,600
3%
500
7
3%
900
2%
400
18%
500
ft
Hi
Jan
109% 110%
Drop
Atlas
Plywood
Voting
July
106%
(B F)
Chicago
Jun
51/a
7%
71,600
2%
37/a
4%
14,200
3
May
preferred
Patoka
—
Collieries
Ayrshire
Flexible
4%,
34,400
3
May
A 10%
12%
11%
10%
.10%
13
9%
Jan
30
97 Ve
Jan
10%
Cities
400
7%
5%
13
July
11
Jun
,
Jan
Jun
Jun
6%
%
%
Jan
Jan
1%
8%
3
Apr
Club
80
Feb
Jan
12% Feb
47% May
2% July
9%
1,600
44%
45%
75
2%
2%
3,600
9
8%
9%
2,600
1% May
5% Jan
13
12%
13%
6,400
9%
Apr
13% July
5'/8
5%
600
3%
Feb
5% July
5%
5%
200
4%
Jan
5% July
5%
9%
25
10%
24%
8
1,600
10%
Jun
10% July
May
75
13%
21%
Feb
25
200
25
13%
Jan
9%
Jan
14% May
July
Coal
Colon
Baldwin
Locomotive—
warrants
Purchase
Co
for
1
common
Barlow
6ya
Jun
100
39 y2
Jan
/
Colt's
Columbia
5%
Gas
Ties
t
Apr
5% Jan
4% May
75
Aircraft
Bell
Tel
Canada
of
&
Benson
Berkey & Gay Furniture
Bickfords
1
preferred
Inc
common
Birdsboro Steel Fdy
Bliss
Blue
1
Jun
"1%. "l%
1%
14%
15
8%
8%
Apr
35
July
Apr
37
Jan
66,100
750
15
8%
12
13%
13%
13%
3,300
2%
•
•
V
Jun
July
15
Feb,,'.
6%
Feb
10
11%
25
10
Jan
6%
1,600
10
1%
% May
Apr
15%
9%
Jun
July
Jan
Mar
3
25
100
;
Southern
&
1
37%
35%
38
I.200
69
66
69%
1/64
ft
100
15
•
;
Brazilian
Breeze
Traction
Corp
common
1
B
preferred
Steel
Textile
Continental
1
Smeit
&
Lta_
8
1
Co
7%
preferred
Range
Bridgeport Gas Light Co
•
Coro Inc d_—
Cor?
Reynolds
$6 preferred A
Cosden
Petroleum
1
common
convertible
5%
preferred
50
Courtaulds Ltd—
American
Creole
dep receipts
44%
7%
;7%
8J/s
1,000
Bridgeport Oil Co
Brill
class
Corp
Class
7%
Mfg
-
Class
•
American
American
Am
Oil
dep
ord
rets
Celanese
Amer
British
13
v:.
9%
12%
dep rets ord reg—
Power
1
Jun
1%
31%
137
13%
31%
,
.
81%
Jan
138
Jun
12V2
Jan
14
Mar
30
31% July
Brown Fence & Wire common—
Class A preferred
Brown Forman Distillers
—1
4%
4%
3%
600
4%
4%
4%
Jun
20
Feb
Jan
18
Jun
Bruce
—
•
4% July
17%
Apr
2%
Jun
Feb
4% July
19
19%
,
20%
3y8
3:
3%
Feb
19
17% Jan
26
May
77%
19
20
Jan
85
Jun
1%
Jan
147/e
100
1,700
5
common
Buckeye PipeLine
Jan
May
3%
1,600
♦
1
400
3% Jun
21
"9%
10
10
Jan
26 %
9
900
July
Jan
10
Jun'
July
Niagara. & East Power—
$1.60
preferred
-1st
Bunker
Burco
37% July
20%
1% May
17
.
*
_1
——
Brown Rubber Co common—;
Buffalo
v
Feb "...
20
•
prior preferred
Co
Feb
■15%
•
(E LI
Jan
925
100
:
18
10s
class A
25
preferred—
Hill
Inc
&
$3
106
2.50
preferred
H)
3%
25o
common
17%
300
10%
700
35 %
35%
25
,V
17%
Jan
14%
13,900
10 y8
;
'. ~i%
l2yao
.
16%
105% 106
10%
«
Burma Corp Am dep rets
Burry Biscuit Corp—
Butler' (P
17
*_•
*
Sullivan
;
Apr
97%
Feb
106
July
9% May
12
Jan
31 %
Feb
35% July
1%
1%
3,100
1
Apr
1%
Jan
3%
3%
13,700
3
Apr
4
Jan
5%
Jan
4%
4%
100
4% July
Voting
Cables
trust
1%
1,500
ft Jan
1%
1%
2,000
%
7%
7
7'/a
400
9%
7%
9%
13,300
"soo
certificates
&
Wireless— :
American dep rets 5%
Calamba Sugar Estate
California
CalJIte
Electric
Tungsten
Camden
Fire;
pfd
I—
Com
Insurance
;
~
^
i
5
Canadian Car &
Foundry Ltd—
Participating preference—
—25
For
footnotes
see
page
145.
Jan
1% July
1%
Jun
3%
Jan
13% July
•■v's,. 5% Jun
115
,
Apr
Jun
II,800
9
Jan
70
100
Mar
106% May
150
12
Apr
16% July
13
Jun
16%
16
6%
7%
2,750
5%
%
%
1,100
%
12
2%
2%
7% July
ft Feb
Jan
1 %
2,500
Feb
Jan
14
Jan
2% July
87% Jun
1
Apr
84
Mar
i;
2%
3%
29%
34
12,400
2
Feb
A
2,025
3%
34;
23
Jan
34
July
Apr
9
July
3% July
9
9
300
25
5,700
24%
24%
1%
1%
1%
10%
7%
23
Jun
%
10%
1,300
3%
3,500
3%
28% Maf
Jan
6%
5
6,900
Jan
200
Jan
1%
11
Feb
Jun
6% July
Jan
14
3
3,900
2
Jan
25
25
24
Jun
3
July
25% Mar
14
14
2%
25
-
300
ft
ft
10%
10%
100
24%
23%
25%
8,100
10%
10%
12%
1,200
10%
%
,
Apr
ft Jan
Feb
10
19% Apr
Mar
11%
Jan
26
Jun
Apr
3
Feb
8% May
.8
Jan
2%
2.50
3%
9
May
12% July
Darby
Petroleum
17
Dayton
Rubber Mfg_
Class
Dejay
A
convertible—
—1
-
class A
—3
common
$6 prior preferred
-50
——
debenture—..
A
convertible
*
"
*
preferred
Gasket
6 %
Detroit
Apr
7%
5%
Jan
Jan
9% July
20 %
Jun
20 Va
21
Jan
24
-v.
2,450
8%
5%
7%
4?/2
8%
5%
Mfg
Mar
20% July
Jan
36
76
~9%
*9%
Mar
1.300
6% Mar
8% July
4.000
3
5% July
40
77
%
Jan
9%
6,900
20%
20%
100
1%
1%
6%
9.000
400
Jan
77
Jan
Mar
135
5%
23,500
26%
65
72
May
9% Jun
79% Feb
Jan
Jun
Jun
12%
—1
1%
—3
6%
Feb
16
19
Jan
20% Jun'
%
3%
1%
Jan
Jan
Jun
6% July
v
Detroit
Mich
Stove
Detroit
Steel
Products
-10
20%■ Jan
27
De Vilbiss Co common
-10
22
Jan
25% Mar
-10
10%
Feb
10%
Feb
13% Mar
15%
Jun
13
14
Feb
1%
Co
Jun
26
Jan
113
76
-20
Gray Iron Foundry—:
39%
Jan
common
preferred
Diamond
Shoe
Distillers
-
5%
26
»
Jun
Co Ltd—
Am dep
Divco
common
.
rets ord reg
_£1
—
—1
Corporation
Dobeckmun
Co
Dominion Bridge Co
Dominion
Steel
&
Ltd
Coal
com
;
9%
12
—1
2,100
5%
12 %
400
10%
5%
200
9%-
—-*
B
;
Dominion Tar & Chemical Ltd
Corp
'9%
1
common
Domestic Industries class A
5%
125
74%
common..
♦
—1
33 %
78
25
74%
33%
78
Hosiery class B
100
8
100
.:
.
25
6%
Feb
6%
8
*
I10
Duro Test Corp common
Jan
Jan
5% May
22% May
-
Harris Co
Mar
Jan
67
Feb
26%
Feb
74
Feb
3% Jan
5%
5
5%
500
3%
3%
3%
3.900
2%
Jan
400
9%
Jan
1%
Feb
Duval Texas Sulphur
10%
11
9%
Jun
13%
Feb
■•
6% Mar
25%
Jun
8
July
7% Feb
75
Jun
33 % July
Jun
81
5% July
3%
11
Jan
July
7% Mar
4%
20%
III
preferred
&
19
100
Derby Oil & Refining Corp com
Detroit
;
15%
33%
20%
-35
Stores
Dennison Mfg
8%
-1
-
Jan
24
common
Davenport Hosiery Mills
3% May
5%
i
~~io
2 Vs
Jan
,.
8,600
5
*
t
Lighting Inc common
Mfg Co (Mo)—
Draper
3% May
£i
I
Power—
Jan
9%
2,900
5
common
Durham
1%
V/2
Jan
1%
200
13%'
13%
12%
6%
Duke Power Co
50o
"2
Jan
105% 105%
"
105%
10
Tobacco
Driver
Cable Electric Products
common—
Feb
44% July
8% Jun
.
6%
Apr
4,000
£1
B
6
Jan
Feb
6%
Apr
Feb
13%
7,300
1%
£1
reg
4%
—•
common
Cuban
Curtis
4,700
13%
31%
•
12%
28
Sugar
Curtis
10%
*
Co
Jan
Jun
10
1
133
.
A
preferred
Atlantic
Jan
23
International
Oil Refining
preferred
$6
Jun
3%
Jan
Ltd—
Columbia
Class
137
;
Cork
(Md)
Cuban
13%
Jan
1% May
Petrol
Crystal
Jun
Tobacco—
dep rects ord bearer
Am
British
1%
•
A
British
9%
Cent
convertible
21%
9
'9%
100
common
British
3 % Mar
9%
10 y8
•
•
i
■
Co
17% Mar
Jan
21%
•
A—
B_
preferred*
Brillo
% Mar
Jan
8,900
32
Jun
114%
.~2
1
Jan
5,000
,110% Mar
4%
1,150
3
Co
%
2%
Jun
104
3,000
(ord reg)—£1
Petroleum
Brewing
1
13%
117% May
Mar
69
,
6%
2
Jan
Feb
*
,
-
600
13
5%
113%
5%
1
&
,on
Crown Drug Co common
2
Jan
4
•
Crown
13
1% Mar
33%
30
50
Mar
•
12V8 July
Jan
116%
44%
•
Co
Mar
1
common—
Aeronautical
Brewster
Jan
% Mar
Feb
5%
4%
Cook Paint & Varnish Co
Copper
Cornucopia Gold Mines
12% July
Jan
9%
63%
13%
100
Jan
18%
May
1,000
41%
:•
Fdy & Machine Co——_ 1
prior
10%
1,700
July
1
,
Continental Gas & Electric Co—
11% Mar
2,200
Mar
ft July
24
67%
0%
10c
27
2%
71
Feb
500
116
10
^
;
105
21%
500
100
Oil
Corp
Jan
21
Jan
% Apr
•
.
300
1%
100
Stores
preferred
Royalty
Consol
12%
66%
100
Utilities
Gas
Jan
21
1,400
67%
24
•
-
47% Mar
"5% "5%
5%
80
1
Lgt & Pwr—
1
20%
33%
1
700
-
-%
1%
Co
Biscuit
50
15%
2
•
common
Jan
July
ft Jan
200
11%
3
1st preferred—
56%
630
24
.-
14
2<f preferred
Feb
4
May
7,300
ft
22%
12%
•
7%
35
•
25c
$5
Jun
Apr
•
common
Crown
200
11
2%
wariants—
1946
Coke Secur
290
12%
Jan
5.300
~6%
12%
Jun
19% July
4
Jun
4
3
•
18%
Jan
3%
*
Bourjote Inc
BowmanVBiltmore
37% Jan
Feb
11
3%
Crowley Milner & Co
Feb
Jun
11%
1,300
6%
17% July
7%
30%
1.600
19%
9Va
Jan
200
200
18
Apr
10%
-
35
17%
Jun
4,500
9%
Jun
3%
17%
26%
July
6%
6%
15%
104
Jan
1 %
Jan
10
17%
9 %
Mar
9
22%
Jan
4.900
•
26%
•'
Jan
%
■
■
9.500
Croft
99
Jan
18
8%
48% Mar
9%
7
100
17.800
4%
Jan
104
100
8%
21
May
111% July
9% Jun
7%
Jan
•
Feb
3%
1%
100 y
25
Jan
6%
8
43 y2
Co common
85%
500
4
1,600
(H C)
40
9%
*
2,500
1st preferred
111%
12 %
2% May
48
1%
119% July
17%
47%
(S) & Co
17% Mar
Jan
Jan
34
19%
48
2%
Feb
8%
4
34
*
Borne .Scrymser Co
$5
135%
Feb
30
13%
92 %
•
-
Jun
300
1%
*
1
Bohack
$5
4% Mar
35
•
common
127%
90
35
"
Jan
—*
9%
2,850
:
optional convertible preferred
Blumenthal
:
34
Apr
2%
I 1,100
May
18% Jqly
26% Jun
53% May
28,500
20%
Ridge Corp common
$3
v
•
& Mach Co com
common
(E W)
21
•
•
1
Blauner's
*3%
100
Hedges common
Convertible
"3 '
—1
common
Jun
/;■ 9
ft Mar
Jan
!l
Electric—■
&
Consolidated
;
Jan
4
*.—100
Co
Jan
%
275 :
11%
8%
m,
6%
500
17%
11%
21
1
Jun
118%
16%
116
-
*10
*
Consolidated
Apr
16%
117%
Jun
15%
17%
325
'ft
43%
'9%
Arms
Retail
16 Vs
Jan
.
110
warrants
Mining
Jun
6%
ft
42%
I
preferred series C
Feb
20
convertible preferred
$1.50
Bellanca
4%
4
14% Mar
10 /
*
—»
1
Consolidated
13
2% Jan
9%
9
42%
100
103
1
common
Consolidated
150
V
.4
ordinary—.
Consol G E L P Bait
3,700
65
Jun
1
extended to
c
Consolidated
700
Jun
108
preferred
Feb
18%
116
Jan
1
3%
18%
10
Jan
82
103
—_1
Jan
—
97
103
Service
8%
common
Jan
Water
Jan
'
Mills Inc
Beaunit
13 %
Community
2
v-
200
July
9% July
Compo Shoe Machinery—
6!/a
*
——.—.—100
1
15%
24
39,500
5%
15%
5"
25
:
16
9% May
5
Inc
Co
Feb
Mar
Service
9%
5%
~5
7%
Public
2%
15%
~4%
150
Community
8%
common-:
Brummel
8% Mar
41
6
1%
*_100
preference
Commonwealth
July
9% July
1,200
Jun
July
% Mar
Jan
9%
—
Utensil
Fire
Patent
2%
5%
Inc
1st preferred
7%
Beau
35,600
"9
5
1
Corp
(L)
8
41
2%
& Seelig Mfg—
convertible A common
Baumann
25% July
Feb
7
—1
Steel
$1.20
20%
41
8
common
Barium
Basic Refractories
4,000
13
119
Jan
Apr
%
8%
:
—
Colorado Fuel & Iron
series
30
Rubber
Baldwin
25%
8%
112
6,000
%
9%
Airlines
'
preferred
77o
24%
75
•
1
H
Jan
119% Jun
XI04% July
500
12%
12
118% 119
9%
Jun
Apr
—
*
Development
Consolidated
25%
"
.5
Corp
Plow
Cockshutt
$3
B
•
7% May
96% May
Jun
Co
Aluminum
Colonial
V
& Wilcox Co
500
220
7%
Cleveland Tractor common
Clinchfield
8%
31
Jun
8% July
x4%
•V Clayton & Lambert Mfg
:
Cleveland Electric Illuminating-,
Jan
75
Jun
21%
100
Mining
Lights
Neon
Feb
2% Mar
8%
Xl04%
100
25
common
Controller
Claude
8% May
%
; 1,100
Service
Clark
6%- Apr
20%
16%
..
9.600
60c
Conn Gas &
Babcock
;
preferred
preferred B
a
$6 preferred BB__.
City Auto Stamping—
City & Suburban Homes
Jun
Apr
■; 5,400
Jan
May
3% May
31.400
8%
$6
i
Jun
107
7% Mar
4,100
■■
6%
6
6%
10%
20%
'
•
600
10%.
104% 106
10
8% Mar
10
§Childs Co preferred
4% Mar
10%
8% July
Jun
8%
Shaft Co
Consolidated
Chief
4% July
4
106
July
1
Chesebrough Mfg—
110% July
7% July
Apr
19
119%
__1
common
Jan
1
& Sons common...
Corp
Jan
4'/4
'
Jan
Co—5
*
19
Jun
8%
50o \
Weatner Strip
3
Jan
Jun
12%
200
16
7%
)%
X104%
100
—
common
3%
4%
1
—•
5
25
1
Machine
New
Cherry-Burrell common
13
114
200
8%
7%
7%
__1
pfd
Utilities
7
7%
'
Products
Automatic
West
Charis
2% May
2% Mar
Jan
20
v
pfd—100
ProauctS—
Light 7%
Chamoerim Metal
Jan
2%
Corp.-
Automatic
&
41/8 Mar
Jan
Jan
118
11.600
100
5%
A'rcraft Co—
Cessna
Jan
5
warrants
Forge common
Atlas
Steel
4%
.290
8%
*
com
pfd—
Chicago Rivet & Mach
;
18
America——*
Associated Tel & Tel class A
•
Atlanta Birm & Coast RR Co pfd—100
Atlantic Coast Fisheries———.
-1
Atlantic Coast Line Co
50
Atlas Corp
Elec
&
1%
3% Jan
6,800
48%
"
Jan
18%
Jun
May
114% Mar
30
19
18
18%
16
—1
:
York Power
New
48
May
'V
Gas
Power
Maine
30
ft Jun
JUn
9 %
4
Cent
151/8
14
T
America
Hudson
Central
Jan
105
Jun
25%
Jan
108%
116%
116
*
cemrar
100
109 y4
16
'
1% Mar
Jan
Jan
2% July
Jan
Feb
41
190
43
_10
& Co—
of
Corp
Apr
22 y2
£1
dep rects reg—
.American
6%
Feb
42%
July
2%
Associated Laundries of
Avery
45
Jun
Jan
Electric Industries—
Associated
.
1
--*
Co
Breweries of Canada
Refining
&
Jan
3%
3%
5
Works common
Oil
(A M)
6%
~7.'
——2.50
Equipment Corp
Ashland
Products
Castle
37/a
Arkansas Power & Light $7' preferred.*
Art Metal
Casco
Catalin
43
1
——1
Co com
26%
17%
IT
17%
10
preferred
6%
(J W)
Apr
10%
7,200
144
Jan
12%
100
16
X23
*
common
18% Mar
Jan
Apr
5% Mar
Jan
1%
13,800
2%
2%
16
*
A
Corp
34
72,600
109%
110%
144
2%
1.
Light $7 preferred—*
—•
preferred
$6
19%
"40
"500
13%;
-
Apex-Elec Mfg Co common—•
Appalachian Elec Pwr 4%% pfd—100
Argus Inc _——*—.—:———1
Arkansas Natural Gas common—
•
Common class A non-voting
•
4% Mar
•
common
Apr
1
•
'
48
'13
-1
—
Co
Carolina Power &
7% Jun
'
46
•
2
common
Fence——
Carnation
Jun
2,500
-
5%
'
Feb
88%
1%
High
Feb
7%
35%
25
45
--
Post
class
16%
2,500
'
American
/
Co
&
Carman
July
14%
600
45"
Republics——--———10
American Seal-Kap common—
2
Amer Superpower Corp com——10c
,.flst $6 preferred——
——•
$6 series preferred—;
—'•
American Thread 5% preferred
—5
Low
4%
700
5%
100
—
Products
25%
'
5
5%
Jun
111% 112%
Range since January 1
High
Ltd—
preferred
City
Shares
—•
voting.
25%
18
American
Anchor
7%
Capital
Jan
450
—*
f
1%
Low
•
voting
Canadian Marcbni
41% Feb
Jun
6,000
16%
Chemical:———*
&
Feb
%
u
38%
.-100
—-1
._*—————
Potash
45
7,700
B non
for Week
of Prices
Alcohol-
Canadian Industries
18
23
100
preferred——
——:
American Mfg Co common—
6 %
American
Feb
36 % May
39%
•
20
Mach
Maracaibo
July
29%
6%
25
Hard Rubber Co_—_:
Preferred
3
Class
41% Mar
Feb
17%
112'A
Light & Trac common—25
American
Jan
1%
283A
/
—-1
'\> $2.50 convertible preferred—
Laundry
35%
A
41%
Gas & Electric——
10
preferred——
100
American General Corp common—10c
$2 convertible preferred—*
1
American
100
2,200
3
Class
44% Mar
6,000
18
.29'A
4% %
American
38%
%
American
American
Jun
38%
38%
»
common
Industrial
Sales
Range
Last
Sale Price
Par
38
39%
2%
Week's
Friday
Exchange
titun
300
.10
—10
Foreign Power warrants-
non-voting
B
38%
2%
———1
Cyanamid class A—
American
38%
—25
—:
—*.—
—
Loin
x42%
Curb
Range since January 1
Hiah
42.
X42%
7
(STOCKS
Canadian
—28
—
Class B
JULY
ENDING
New York
Shares
of Prices
low
Par
'
& xJght—
Cities Power
Convertible class A
American
WEEK
Sales
for Week
Week's
Last
STOCKS—
York Curb
New
FOR
141
Jun
Jun
East Gas & Fuel Assoc common
4% %
6%
Jun
prior preferred
preferred—*
Eastern
Malleable
—•
2%
2%
,100
65 %
65 y4
66
650
37
35%
37
28
28
100
Iron
25
2%
4,200
2% Mar
Mar
56% Jan
70
975
32%
Jan
40
Mar
50
24%
Jan
28
Alar
•■•■'
f
THE COMMERCIAL &
142
EXCHANGE
NEW YORK CURB
Sale Price
Bond & Share
Electric
$6
Emsco
Pipe Line
Inc common
Eversharp
89,300
7%
Jan
100
83%
Jan
93 Va Mar
94 Va
1,500
88 V4
Jan
95
150
46 Va
Apr
65 Va Mar
x93
%
1
600
10%
107/a
11
500
30
International Hydro Electric—
Preferred $3.50 series
Jun
8V4
Jan
150
103 V4
Jan
118
Jun
International Metal Industries A
Va Mar
44
Feb
International Minerals and
11'/a
11 Va
11 Vz
Jan
1%
1 Va
13,900
40%
400
39
7
Jan
1 Va Mar
31%
27 Va
29 V4
Jan
7 V4
July
34%
Apr
18%
Feb
Registered shares
International Products
v
Jun
27 Va
1,700
31
28 Va
4%
250
28'/a
29
1
*
"
15,300
7%
62 V2
10
Am
29% July
2% July V
7%
5 % May
"
62%
63
Apr
2,200
4%
Apr
300
19%
Feb
23%
23%
200
19%
Jan
23% July
Jun
Grain & Malt common
Froedtert
$3
—
2
-
—
Y
Mar
3
Feb
4
Jan
Co
16%
100
16% Mar
18
Jan
17 Va
3,250
10%
Jan
50
37
Feb
50
72
74
40
,58
Jan
74
preferred
Julian & Kokenge Co
Mfg Co
dep rets ord reg
Amer
General Finance Corp common
preferred series A
5 %
General Fireproofing
Gen
common
Co A stock
General Shareholdings Corp
$6
Gen
com
preferred
Water Gas & Electric common
convertible
preferred
$3
preferred.
$5
(AC)
Gilbert
:
-
common
Aldeu
4% July
8 Va May
40
99 %
%
Jun
1 Va July
1%
Feb
180
75%
Jan
12%
!
Jan
41%
20
100%
Jap,,
10
300
12%
•)•••
Inc class A
Grorham
"
preferred
$3
Mfg common
qorham
il'
f'
•'
'
JUn
51%
Jun
Mar
16
Jan
Feb
11% Mar
Apr
15%
13%
I
Mfg Co
Gray
common
700
9
Feb
104
Jan
fa
8%
stock
—''
—
•
Feb
93% Mar
Jan
136
Mar
29%
Jan
35% July
8 Va
2,100
6%
Feb
8 Va July
3%
7%
3%
100
4%
Feb
Jun
111%
Jan
110
Mar
X115
May
6
80
110 %
110
3% Mar
108
20
109
109
Jun
6
Jun
•
.»«•"
Jun
650
35%
35
8%
'
8%
Jun
132
''
Jun
11%
Jan
Jan
83
700
92% f
87
33%
Feb
4%
2,100
Jun
7% May
82 % May
Jun
7
400
9%
Jun
%
Jan
30%
8%
12% July \
110
Jan
X40%
-
9%
91Va
.7
30
—
9%
V8
500
42
Apr
5%
11,700
6%
fa
6
,741
43% July
Feb
10
109
iff
*
7 %
1st preferred
100
Great Northern Paper—
4
25
Greenfield Tap & Die
•
Grocery Stores Products common—25c
Gulf States Utilities $5.50 pfd
•
$6 preferred
•
Gypsum Lime & Alabastine
*
Non-voting
300
12%
12%
109
Pacific Tea—
&
Atlantic
Great
37Va
43%
43
1
9
Varnish
Grand Rapids
300
14%
Jan
18% July
11%
3.400
Jun
11% July
7%
Jan
Jan
20
Jun
10%
2.500
7%
Jan
10%
Jun
19 A 19%
14.300
16%
Apr
19%
Jan
Apr
19% July
7% May
8% Mar
10 Va
19 %
19%
19 %
100
8%
8%
500
8%
1%
1V8
5.300
1%
1%
28%
3,800
Feb
2
Jan
29%
18% Mar
200
%
28%
130
—
16%
3sa Mar
Jun
fa Jan
24%
—
300
Jan
39 %
50
Feb
1%
Feb
25%
Feb
7
100
100
Feb
25
38%
49%
44
1
38%
49%
Jan
12 %
Jan
Jun
May
Jan
9%
9%
%
Iff
2,000
19%
20%
"400
17%
Jan
20%
Jun
8%
8%
1.400
7%
Jan
9
Mar
100
%
Jan
1% May
9
' "
%
% Mar
.
20
: •: 8%
1% 7, 1%
fa May
2% Apr
Jan
12%
Jan
Jan
3%
5
2Va
3%
3%
6.900
11%
12 Va
17.400
3Va
3%
1.400
100
87%
Feb
50
92
Feb
100% May
60
100
Jan
106%
Apr
18
3%
11%
3%
95
Jan
20 %
Apr
•
94
95
97%
,.
99 Va
104Va 105
Jun
3% July
95
May
11%
*
16%
15
.
A
600
Mar
11% July
9%
Jan
17%
Jan
5%
Jun
5%
Jun
111%
17
9%
1,950
Feb
*
100
100
100
-
—1
i
—
—
s
—
—
1
£
preferred—
"
.
—
55
Feb
July
2%
convertible 1st preferred—
Kress (S H) special preferred—;
Kreuger Brewing Co
1
100
10
1
(N J)
Lake Shore Mines Ltd
100
1
4%
4
Jan
5% Mar
V':
1,300
12
.
Jun
1
% May
15%
16% Mar
Feb
Mar
12% Mar
10
Jun
Jan
21
May
100%
Jan
106
Mar
84%
Feb
8%
16
640
-101% 103
?■'
Kresge Dept Stores—
Feb
4 Va
1,200
—
—
100 " '102
—^
67% July
Jan
7,200
V
£
—
♦
Jan
7 45%
—
10
Inc
56
70
1 '
1
—!
•
*
Co common
(I B) Rubber Co
Koppers Co 6%
V
Jun
113
30
67% 67%
53% 55
3%
4
' 5%
5%
»
—
—If " 4 *
1 \7.'/' 5%
Emil)
Feb
124
Jan
121%
—
—
95
Feb
11%
Jun
13%
Jun
200
11% 11%
*9% x9%
Feb
2,000
• —
11%
x9Va
7%
Jan
9% Mar
L
'
>
9%
.
^
5,100
15%
15%
10
.
86 Va
150
7
15 %
Jun
10%
100
13
13
—
Jun
49
712%
May
51% Mar
—A
7'-"
-
109
35% July
Feb
10%
106 % May
'
'
•
1
•
•
Jan
77Va
lOVa
"113% July
Mar
104% 104%
Jun
87
Jan
8%
500
>V —
111
12
£7
2% Mar
50
•
-
——
preferred
Goldfield Consolidated Mines—
$7
Jun
27
18%
5
Inc
Kobacker Stores
Jun
300
1,000
•
—*
class A
B
Class
Feb
1.000
35%
—
Knott Corp common
Jun
83%
Jan
74
Kleinert
July
126
Jan
79%
(D
RR
Lackawanna
—
1%
Lane Bryant
53
preferred
1
•
_25
1
preferred
Convertible
(R G) Inc
Le Tourneau
Line
—
Development-
Oil
Leonard
-
Lionel
preferred
preferred class A
preferred class B
Louisiana Land & Exploration
7%
6%
Lynch
Corp
common
Feb
6%
Feb
Apr
3
Mar
5 Va Mar
25
Feb
35% Mar
Jan
Jan
1 Va
29%
Apr
13
July
13
600
10%
Feb
13
July
,7 25 7,7
3%
50
22%
Feb
500
;
'
7.7 400
13
12%
2,400
i7«
Jun
25
25%
Jun
1%
Jan
3%
Jun
18%
r
Jan
20%
Apr
350
15
Feb
9%
9,800
8
Jan
9% July
1
7,700
Feb
1%
ZPY
.7; 16%
9%
;
•••.I
■•"7
9%
13
•
17
67%
68%
61%
"
:
68%
65
350
14
7
17%
69% Mar
Jan
51
Jun
Jan
7%
7 %
1%
•
30%
28%
30%
1,175
7,400
650
65
July
6%
Feb
8
May
109%
65
0
-
26% Mar
10
•
3%
17
Jan
21
18,300
%
.2.7%
12V2
1
Light $6 pfd
Power &
Louisiana
•'
13% July
26% May
u
26%
T ff. v
•
100
100
Long Island Lighting common
i
Jan
300
30
29%
12 Va
■
9%
110
1,000
'
7.
Brothers common
Jun
4%
Jan
Feb
7U-:77. .7 5%
Cf 7
V
Loblaw Groceterias Class A—
•
Locke Steel Chain—
5
Lone Star Gas Corp new common—_10
Lit
July
4
2%
1,900
~5%
"4
27R ,'
10
25
Corp
Lipton (Thos J) Inc 6%
May
18% July
v
Jan
2%
700
V";
pV7/
30 7
8
Material Co
:
13%
12%
§77
I"
•
B
Class
4
13^
Langendorf United Bakeries class A—*
Lefcourt Realty common
•
2,900
105%
5
100
1
Wells Co common
3%
:;7-;. 3%
7,700
'
4
7
3%
Jan
59
Jan
12
'
18%
1.7 %
37
740
52%' 53%
••
17%
1
Lakey Foundry & Machine
Corp of Delaware
Lamson
Lane
Godchaux Sugars
:
1% preferred—100
Key Co common
Klein
21% July
Jan
Jan
115
90
12%
•
Coal
20
12%
Feb
Jan
14%
1,000
86%
13
Jun
15
3%
113% 113%
•
Glen
Jan
200
85
Co
Gilchrist
12%
1%
2
.77,
1%
Gladding .McBean & Co
1
Jun
82
1%
•
•
Preferred
1%
99%
82
104%
1%
•
Kimberly-Clark 6% pfd
Kings Co Lighting 7% pfd B
T'
5% preferred D
Kingston
Products.
Kirby Petroleum
Kirkland Lake G M Co Ltd—
Jun
2,100
21%
99
•
•
•
Georgia Power $6 preferred
3 Va
Jan
126
126
•
1
•
1
•
Rayon
General
Jan
1G
4%
20
20%
Jun
1%
-
Adv 6% pfd
100
General Public Service $6 preferred—*
78
8
"4%
Outdoor
Jan 77
8
Feb
8 OO
1%
1%
Feb
70%
:
777'V
•
preferred B
& Elec $6
Jas
General
4-*-'
'
■
3%
2%
1 Va
£1
1
•».—10
*
—
1% July
Jun
17%
:.
Ken-Rad Tube & Lamp
•'
Ltd—
Gen Electric Co
70
Apr
%
K
Kennedy's
2%
•
Alloys Co
General
Jan
1
86
July
7.
7%
i
common
46%
85 %
18 Va
pfd—100
100
100
7%
Kansas Gas & Eleo
100
preferred
5 %
30
1.000
1%
34'
July
■
Gellman
55
17% July
50
15%
•
common
66%' Feb
84
1
1
*
;
—
Central Pwr & Lt 5%%
preferred
.
6 %
1
Power
Jan
35 Va
...
._*
B
A_
«
Gatlneau
42%
1
1
•
(F L)
Jersey
May
95
45
400
•47
&u
—
—,
Co
Jeannette Glass Co
4% July
Jan
50
3%
16%
preferred——.—luQ
convertible
300
4 Va
94 Va
,
*
stock
conv
4<&
::
94%
3%
J
(Geo A) Co—
Fuller
4,
4/a
5
1
20
1%
•
10
Aircraft Engine Co
Jacobs
Jacobs
'
Brewing Co
Franklin Co Distilling
20
53
54%
•
shs
coupon
Jun
July
113
Mar
106
113
6% July
6%
23%
22%
tPeter)
24%
50
•
Air Chute—
Italian Superpower
Mar
B
Fox
11'/a July
Feb
53
*
Class
B
*
$1.75 preferred
*
$3.50 prior preferred
•
Interstate
Home Equipment
1
Interstate Hosiery Mills
;
*
Interstate Power $7 preferred
,.
•
Investors
Royalty
1
Iron Fireman Mfg voting trust ctfs—•
Irving
25% Mar
56%
Jan
—
Jun
25% Mar
30
6
A
Class
Feb
7
23%
o'/a
non-voting
voting
Ford Motor of France—
Amer dep rets
bearer
Class
16% July
.
'
62
•
Ford Motor Co
Ford
'
L.-
Co—2o
& Warehouse
(Phila)
Ltd—
dep rets ord reg
Motor of Canada—
Association
Feb
1,000
'
Federal Compress"
Fire
29%
7%
Jun
14%
600
26%
27Va
Mfg Co
Fedders
16%
Jan
1%
12%
23,500
Apr
9
Chemicals—
Razor
International Safety
11% July
7%
4,400
2%
16%
--
Metallurgical
Fansteel
1
ll7/s
2%
11
11%
2Va
Apr
11
300
113
International Utility class A
29 V4 July
'
Fairchild Camera & Inst Co—
Fairchild Engine 61 Airplane
Falstaff Brewing
10%
100
—
International Petroleum
40 V4 July
Jan
1,400
11%
.
Warrants
11% May
8%
1,000
7
■
14% July
1 Va Mar
200
1%
__1
35 V4
500
5,200
118
42
7
July
11
Feb
14%
13%
116
40 %
1V4 Mar
Va May
8%
Feb
34 V4
33
14%
118
-*
—
59
10% Mar
;
12%
12%
11%
22 %
preferred_100
100
7%
preferred
100
Industrial Finance v t c common
1
Common _—J—————1
7%
,1
100
preferred—
Insurance Co of North America
10
International Cigar Machine
•
Jun
16
10 V4
89'/a
12%
12%
preferred
Service 6 %
Indiana
Jun
12% July
13
12%
12%
11 Va
Indianapolis P & L 5% %
7 V4 July
Jan
High
Low
£1
Ireland
Feb
48 V4
Jan
5
89'/a
58
50
common
35%
"9%
93%
1
convertible preferred
Inc
$3
Eureka
3,100
50
v
14 V4 May
10a
Esquire
650
7%
Jan
1
Range since January
Shares
High
Low
Imperial Oil (Can) coupon
1—•
Registered
*
Imperial Tobacco of Canada
5
Imperial Tobacco of Great Britain &
Jan
July
July
89 %
100
•
--5
Equity Corp common
33 y4
41Va
1
Jan
~9%
-1
15
stock
800
33V2
40 Va
*
Power participating
Derrick & Equipment
Empire
50
'
Par
50
% Mar
675
•,6%,
714
•
Light 2d pfd A
Option
warrants
Electrographic Corp
Elgin National Watch Co
Emerson Electric Mfg———
Empire District Electric 6% pfd
Power &
50
47 Va
48 %
5
common
1,900
n
49
1
•
*
preferred
preferred
$5
Electric
%
*
*
*
preferred series A
$6 preferred series B
Eastern Sugar Associates—
$5 preferred v t c
Easy Washing Machine B
Economy Grocery Stores
$7
'
for Week
Range
of Prices
Sale Price
High
Low
Sales
Week's
Last
Curb Exchange
York
New
Range since January 1
Shares
High
Low
Par
States Corp
Eastern
for Week
of Prices
Friday
STOCK8
Sales
Range
Last
Exchange
Curb
Week's
Friday
STOCKS
York
New
WEEK ENDING JULY 7
FOR
RANGE
Monday, July 10, 1944
FINANCIAL CHRONICLE
Jan
113
May
49 7<
Jan
30% July
26% Mar
H
Hall
Hamilton
Hammermill
Co
Hartford
7,000
1%
Feb
400
2%
Jnn
4%
Apr
Mapes
1,400
5%
Apr
7%
Jun
Marconi
•
28%
28
28%
500
26 y4
Apr
5
6%
7%
7,300
3%
Jan
60
41%
Jan
9%
6,700
6%
common
5%
50
—
47
47
—
25c
*
8%
8%
17%
17
17%
13%
26%
26%
Henry Holt ft Co participating
Hewitt Rubber common
A
—
—
■
&
900
18
May
22
Jan
31%
31 Va
600
24
Feb
32
Jun
10%
10%
11%
5,100
8% May
11%
Jun
14%
14%
1,150
13% Mar
15%
Jan
37
37
'
1
W
i
;
29%
116
1
6%%
13
Mar
Metal
May
Jan
6
Jun
July
119
Apr
36
Jun
preferred—
Metropolitan Edison $6 preferred
Michigan Bumper Corp new
Michigan Steel Tube
Apr
Michigan .Sugar Co—
116
25%
111
'
Jan
113%
Jan
Corp
T/xtile
conv
Dividend
17%
Apr
20% Mar
38%
Jan
45%
Jun
7%
Jun
Illinois
Zinc
Imperial
Am
dep rets
For
ctfs
Co
Chemical
50
•
—
li
7<4Va
2T'
10
9%
4%
3%
27
26%
3%
13
6%
6%
13
,
4,000
-
10
July
6%
Jan
3,800
2%
Jan
4%
Jun
300
20%
Jan
28%
Apr
500
3%
100
13%
500
9%
3% July
3% July
13%
Jan
Jun
footnotes
see
£J
page
,7!
Preferred—
Midland
Steel, Products—
-
Abrasive
9%
10%
49 Va
49%
49 Va
13%
14%
12
10%
13
10
6,900
200
1 11,200
1,850
145.
Oil
Piping
&
Supply—
4%
Jan
10% July
Midwest
43 Va
Jan
49%
Apr
Mid-West Refineries-
9%
Jan
15%
Apr
9%
Jun
Mining Corp of Canada—
Minnesota Mining & Mfg—
13
July
Jan
.
6%
Jun
• "
—1
—•
— •
pfd
100
pfd
100
;
••
.
33% Mar
50
1,100
1
7Ve- 7%
—
•
2%
11
3Vs
.11%
5
Jun
26
Feb
19
4%
Jan
9
Jan
Jun
1,100
H
Jan
1% Mar
2,400
6%
Feb
8%
8,500
2%
Jan
7,000
8% Mar
13
Jan
161
10
2,800
138
,
3%
350
%
25
300
8
Feb
Jan
1%
Jun
107
•v'99% Mar
1%
2%
Jan
4
116
4% July
1,000
4%
Apr
4,400
U
Mar
1
6
78
5%
Mar
Apr
8%
600-•
May
42% May
Jan
2%
Jun
2% May
.
Jan
Jan
1,0007'
Jun
70%
36
4,700
Jun
4% July
Jan
Jan
6
3,400
July
Jan
41
1,000
Jun
8% July
Jun
July
7% July
Jan
9%
Jan
Ju^
Jan
'■> 13% May
1%
Jan
3% May
9%
Jan
11% Mar
9
Jan
10
100
20
Jan
24
Jun
375
23%
Apr
27
July
5,300
5,000
Mar
—
: 23V2 24
26% 27
2%
2%
.2%
8%
20% 20%'
,7 : 2%
2%
—...,
2%
59%
104%
4%
7%
12'/4 >$2%
2%
11
.
•
7%
Mississippi River Power 6%
Minnesota Pwr & Light
5%
—
Jun
110
12%
2%
8%
10
Co.—!
4
•
v
23 %'
27
-•
—•
50
7%
4
^:
,
..
$2 non-cum dividend shares
•
4%
2%
;;
„
13
161^
1%
-V' 7%
Middle States, Petroleum class A v t
4
Industries-
regis
;
.
8%
8%
105
105
Micromatic Hone Corp
Jan
13%
•
common
7%
3%
7% :V. 7%
'
%
3%
*%
"^:
•?"
-
10
1
c_l
Class B vtc
:
1
Middle West Corp common—
;
5
Midland Oil Corp $2 conv preferred
•
650
10
.
7%
9
64%
62
—
,7
2.50
*
3,300
Midvale Co common
preferred
arrear
—
4%
.
1 '• :
43%
Midwest
5%
X
Participating
Mid-West
Illinois Power Co
:
40
8%
11
100
105 V
1
2J
25c
:
—v
15
—
--* 7
; V
A preferred
Jun
8%
1
8
12%
—161.
-
*•.-
Messabi Iron Co
21%
; ;
—•
Scott-
19%
—
—5
&
--
21%
8%
*
common
42 %
*
Securities
•dygrade Food Products
Electric
Stores
Chapman
Warrants
19%
'
—
—
—1
Merrltt
43
Ills
—
—w
Mercantile
—
*'••.
8 H
—6
Jun
83
Jun
5
—
*
Co
19%
'
•
Co
Huyler's common
■
&
Jan
3%
'
725
30
29%
'• '•
10
116
•
•
—
*7
■.
-
5
(Harvey) Inc.
Hydro
—
•
Corp
10
•
Dredging
Johnson
Memphis Natural Gas common!
12
.
.
*
*
Ligonier
Jan
Mead
B—
33
-
.
.100
preferred
14%
100
16%
•
•
Oil & Refining
1st
>.
•
preferred
Hussmann
,.8
,
Hardart
Fibre
16% Mar
21%
—10
—
Horn
Hummel-Ross
Apr
May
*
Horn
5%
May
23
31%
C)
Humble
28%
19%
& Co common,...,.
Hubbell
12
Jan
16%
Inc
(A
McWilliams
Jan
Mar
Radiator & Mfg
Jun
10%
31% May
—.
•
•
*
McCord
9%
*
2%
Feb
5%
—
21%
-
Jan
Jan
1%
81
—
*
Massey Harris common
13% May
—
£1
Ltd
2,100
1,800
777.7:■
1
19
May
Co
2%
—
—
.
,7
.
Mass Utilities Association v t c
Jan
26
_
50
:
•
Steam Shovel
Marion
Jan
21%
Co common
& Hardart Baking Co
Horn
9% July
16%
Consolidated G M
Holophane Co common
(Geo A)
May
2.50
Hollinger
Hormel
47
"""5
Heyden Chemical common
& Co class A
—
Communication
—*
Co
Margay Oil Corp
12
—
•
—
Jan
7% July
30
Jan
Mfg
Internat Marine
7
*
• 1
preierred
Consolidated
9%
1
——
9%
2
9
2
optional warrants
convertible
11%
50
2
common
3>5
10
150
13%
•
'
Horder's
1% July
1%
6%
A
<R)
Mengel Stores
3%
1
Preferred
Hoe
Mar
1%
Corp
Co
50
3%
Rubinstein
Heller
Jan
x6%
preferred
Class
Manati Sugar
1%
,
Mining Co
Helena
Jan
July
x6%
1
ctfs_.
Co
"
6%
5
25
47
•_ —25
voting trust
Hearn Dept Stores
Hecia
Jan
Jan
Mar
America B non-vot com—1
Brewing
Hat Corp of
Hazeltine
M
Jun
9%
5%
v' 5
Xl9%
200
600
;
25
Paper.
Rayon
Harvard
9
25
_•
Ltd
Electric Light
Hartford
8%
24%
IT.
Co
Bridge
Lamp
.
'
—
„
597/s 61V4
104% 104%
.
—
100
1,100
100
1,200
1% May
8%
•15%
2%
10
52
97%
109%
Jun
Jan
8% May
Jan
20% July
2%
Feb
1% Mar
475
2%
Mar
,
Jun
1}| Jan
65
May
Jan
104% July
Jan.
114%
Jun
Volume
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4297
160
143
NEW YORK CURB EXCHANGE
RANGE FOR
v
Week's
Range
for Week
Bale Price
8%
10%
10%
3%
3%
1
Logn Society A
.
Montana Dakota Utilities—.—
Monroe
2% Mar
Pittsburgh & Lake Erie...
Pittsburgh Metallurgical
9
2
00
-
17a
Plough
1074
Jun
Pneumatic
Jun
Polaris
57a
1,200
100
2
6 74 May
Jan
6%
21%
17
300
1374
Jan
141/4
100
liy4
Jan
147a
6V2
Jan
10% Mar
Jan
80
:ri"/a
127
common
2172
Scale
....
Jun
Pratt
17
July
Mar
Nachman
Corp
Breweries
247a
24
preferred
Tel & Tel
.100
Clock Co
Auction
Y
City Omnibus warrants—
N
Y
&
N
Y
common
Mar
..25c
97a
34
1%
1
1%
117 7
105
V
1
shares
6%
14
pfd.100
pfd...
..100
67
...10
100
Niagara Hudson Power common
5%
1st preferred
79
2d
preferred
optional warrants.
B optional warrants
65
Apr
Jan
600
6%
Jan
7a
7a
7a
2,700
a'a
Jan
8%
874
97a
300
6%i
Apr
30
108 7a
Jan
102
13
Jan
109
May
111
60
May
75
Jan
•
Nineteen Hundred Corp B
37a
5
Mines
8374
70
65
20
ii
•
North American Rayon
B
class A
•
%
•
prior preferred
North American Utility Securities
6%
1,700
1374
7.400
107a
300
2%
2.800
7%
preferred..,
103
Corp
Jan
120
Jun
Apr
3672 July
28
36
Jan
July
5474 Mar
in
974
974
1
'
Mar
10%
7a
Jan
47a
Jan
572
Apr
7
Jan
1074
Jun
87
1
Jan
87
Jan
104
100
6.900
1
Jan
108
Mar
1137a
Jun
116
Mar
25
7%
Jun
15 y2 July
Jan
2774 Mar
1478
V15 %
26
157a
•
—
,
70
106% 107
v 26
16.200
23
'100
Valley Gas Co v t c
Cable
Corp
Ohio
Brass
Ohio
Edison
class
Co
$6
Ohio Power 4%%
Ohio
B
*
common
preferred
23%
i
■
> •;
Z:
A
preferred
100
Public Service
7%
3% May
18 y2 Jan
4,500
Feb
23 72
—
V
7
•
109
Jan
112%
St
Paper
Regis
Salt
Oil
Dome
1157a
Feb
115
Jan
11872
Oil
Savoy
Jan
113
5Va Mar
United Filters B
500
25%
257a
1
Securities
9%
9%
Apr
82
Apr
157
20
149
17
May
17b
Apr
250
1274
July
May
1074 May
Jan
14,500
1%
17a
17a
1574
16
Jan
16
100
16
2,400
39 7a
43
6,500
27a
27a
23%
1274
127a
1274
150
47a
474
47a
A
5172 May
Apr
1174
17a
7a
1,600
1077a 1077a
Jan
Jan
127/a Mar
4%
Feb
1574
Jan
■>
Jun
U May
17a Mar
27i May
7a Jan
9,300
74
.
Jun
274
2474 Mar
■
37« Jan
7,700
474
U
374
447a
21% July
11
%
Jun
Mar
Jan
14,300
V
4074
22% July
174
1,800
"
II Jan
Feb
12%
8,100
217a
27a
217a
Jan
July
Jan
157a
48
4274
1%
16
Jan
x40 7a
227a
21
47t July
20
1057a
7b Mar
Jan
108
Apr
1374
14%
350
13%
Apr
1574
13
137a
1,900
10%
Jan
137b July
27a
27a
100
27a
Feb
774
13 7e
7%
3,100
""77a
5
3
Jun
77/e
Apr
Feb
Jun
177a
574
674
1,800
3%
3 74
3%
4,300
Jan
18
Jan
8
3 7a
'19
Jan
10
May
37»
700
374
374
Jan
17
Jan
Mar
4%
Jan
4% May
67t July
17a
-
374 July
Jan
■
Feb
9
Jan
9 72 July
26
Jun
13
1
1
1
*
—
common
9%
97a
10%
Co
Co
Shoe
Selected Industries Inc common
Shattuck
Mar
Sherwin-Williams
5074
Jan
75
Jun
27%
Jan
33
Jun
90
90
9374
910
64
Feb
1178
12%
3,100
95/a
Jan
93% July
12% Mar
100
2%
Apr
12%
37/a
■
z
_
Silex
Co
37/a :
■
1%
^
7,900
63/a
Jan
1674
Feb
4,400
74
Apr
10%
1,700
6%
Feb
75%
«
^
10
107a
•
Jan
1%
'■
-
ZZ 17a
1%
Jan
;Z:; 1
117a
10
10%
56,700
75
*
37/a
Jun
48 Vb
Jun
13/b July
117b July
20
Jun
17< Mar
1074
Jun
Mar
800
75%
67
Jan
77
50
75%
7574
..
'
40
'
'
17a
1%
69
Jan
7574 July
U
%
1,200
7a
Jan
n
Feb
—-Z
37/a
Jan
4%
Feb
~8%
_874
300
67a
Apr
874
Jun
37a
37a
2,700
2%
Feb
37/a
Apr
12
Apr
1374
Jan
%
_„zz
/..
ZZ.
1017a 1017a
-500
91%
Feb
10274 May
11074 11074
1017a
100
pfd
3% May
125
400
'
25
common
series AAA
Sherwin-Williams of Canada
cum
7
Mar
Jun
70
"
5%
Jan
187a
./•
32%
5
—•
Shawinigun Water & Power—
174
Jun
2 Va
:
274
—•
Mining
Denn
Jan
14
67a July
45
v
Feb
32%
1
1
Safety Control
Jan
10% July
69
Allotment certificates
Serrick Corp class B__.
Jan
1%
672 July
27/a
753/4
Seton Leather common
July
..,
32%
5
$5.50 prior stock—
6,000
% July
■
Feb
274
100
27/a
4 7a May
32
——
■
,
874
1,200
17%
.
13,300
27a
•
25
Convertible stock
67a
1774
1
*
1
•
*
1
Seernan Bros Inc
Sentry
57a
"274
67s
Lmm
•
common
91,300
'
—
3
1174 May
9,300
common
Securities Corp General
6% 7
♦13
2% Mar
50
13
574
preferred
Steel
100
3%
3'%
13
67a
common
(D A)
Scullin
Z
3%
*
50
5
Convertible
774 Mar
67a
100
Jan
672
1
Overseas
1874
*•
•
Omar Inc...
57a Mar
8
25%
Jan
240
1
Co
Co
Schulte
Jun
15
common
717a
82
155
79 74
154
•
1
25
Scovill Manufacturing
25
Scranton Spring Brook Water Service—
$6
preferred
<-*
Schiff
Feb
108
5
12% July
1
Mills
Sanford
Apr
112
11374 114
Jan
—27a
common
Co
United Corp
Samson
Feb
50
872
900
.
20
*
pref
Class A $2 conv
Jun
30
140
23%d 23%-
100
;
Oklahoma Natural Gas
47a
100
1st pfd
1st preferred
Oilstocks Ltd common
4% 7 4%
127a
5
1
St Lawrence Corp Ltd
•
Selby
110% 110%
*
6%
Oliver
4%
14% July
127a
5
common
Lock & Hardware
Seiberling Rubber common
0
4
Jan
pfd IL—100
—-—*
Segal
Ogden Corp common
Jan
11
1
1
Radiator
Aeronautical Co
Ryan Consolidated Petroleum.
Ryeyson it Haynes common—
Feb
277a May
900
527< Mar
pfd.100
;
Northern States Power class A
Novadel-Agene
17a
272
100
Public Service 6%
Nor Indiana
772 July
Jan
114
50
RR Co
Penn
Jan
119 7
•1,100
Jan
11%
100
10 y2 July
Jan
y2
5
1
Jan
17a
2.200
„•
Northeast Airlines
North
9%
15.400
'36%
9374
100
Apr
1 J/a
35
100
Jun
7%
3474 >36
10374 July
Jun
1474
1
•
.
Co
Ryan
•fe Mar
1374
1
36
137/e July
16%
,
Russeks Fifth Ave——
6% July
Jan
6%
500
118
Jan
1078
$1.20 convertible preferred
Jan
106 y2
1%
';
92
Jan
105
50
Central Texas Oil.
Northern
Jan
32
674
119
Jan
1072
1474
82
Royalite Oil Co Ltd
Jan
77
Apr
57a
300
92
7%
v
*
common
May
1/128 Feb
61%
2%
1147a
.100
Petroleum Co
Root
I
Jan
472
1
Electric
North Amer Light it Power common—1
Class
"2%
25,400
16 7a
Roosevelt Field Inc
Jan
Feb
13
1
Nipissing
1374
137a
1087a Mar
Stix
Rome
17% Mar
Apr
■
Jan
Apr
..10
Roeser & Pendleton Inc
10672 July
2%
10% >10%
y
13 7a
108
20
10274 10374
Rochester Gas & Elec
Jan
y Jan
Roller Bit
Rio Grande
Jun
117
11274 Jan
"
97b July
8
5
preferred
Power Co
Richmond
14% Apr
74%
Z
5
—100
preferred
preferred
V.
60
4,800
1087a
13%
10
& Engineering
5
Aviation
.....—1
Dry Goods
•
Richfield Oil Corp. warrants
Jun
1,300
.3
7a Mar
Colorado—
Reliance Electric
10% Mar
Jan
50
1/64
Jun
July
9%
Packing Co. common
Rice
Mar
Jan
7%
68.900
,5
Niles-Bement-Pond
$6
4
37a
•
3%
1/128
lA July
9 7a
9'%
Republic
Mar
21%
'
Noma
35
Mar
79%
3
34
,v.
4872
"9%
prior preferred
Reed
Feb
37i
10
67
July
July
7
Jan
1
Red Bank Oil Co..
647a July
Jan
787a
:
1/64
.
Niagara Share class B common
A
Jun
70
3
100
A
Class
Jun
1174
300
147a
110% 110%*.
Jan
Jun
9% July
.
isJan
ZZZi
America—
10
1
10
Raymond Concrete Pile common
•
$3 convertible preferred
-•
Raytheon Manufacturing common—50o
2074 Mar
109%
30
-
106%
2672
50
34,500
IfV
.100
Rath
;
N Y State Electric & Gas $5.10
Water Service
Z
116% 117
106%
Jan
43
Railway & Light Securities
Voting common
•20% July
1174
•
Shipbuilding Corp—
-
Mar
...■
preferred—100
$6* preferred
Apr
2%
100
29%
Jan
574
Jun
4%
Jan
5%
100
34
U
57s
R
60% Mar
Jan
,
297a
2
3,000
——
Railway & Utility Investment A
Feb
54
10
Y Power & Light
Jan
K
1,900
9
77
Radio-Keith-Orpheum option warrant!.
Apr
18%
1.100
27a
11,700
4%
9%
374
x4 7a
5
—
1st preferred
6%
Feb
7%
35
10
Merchandise
9
Jan
104
1,900
274
-
Honduras Rosario
,"•••• Class
207a
63% r 64%
20%
27a
...•
Y
N
Jan
47 y2
•
N
Class
57a
240
637a
1
Jun
15
.100
Quebec
July
6%
25
Land
New Process Co common
5%
107% 108%
Z
9
3
.
1,675
•
j
1
Mexico & Arizona
Y
108
900
Feb
Quaker Oats common
Jun
•
New Idea Inc common
N
60'%
59
57a
121%
13%
Pyrene Manufacturing
Feb
97a
18
59%
Jan
47a
Jan
8774
6V2 May
•
preferred—
Founders
6%
95
Jan
114
Apr
500
61/2'
1,400
Jan
47a
Jan
800
100
11472 1167a
297a Mar
Jan
47a
8%
July
May
Sound Pulp & Timber
Pyle-National Co common
Jun
857a
87a
13
17
1st preferred.
$5
Apr
1%
■>
110 / May
•
100
England Power Associates..
6%
preferred...
L
N Y
26
300
9
Jan
Puget
1374 Mar
Jan
774
11
Jun
972
Jun
3%
«
.
Nestle Le Mur Co class A_.
N
lVa
9,300
27
500
Jan
157a July
Jan
2,800
•
5
•
New
Co
117a
700
1%
47a
100
Corp
?inc
Jan
127a
27
•
Neptune Meter class A
New
25
17a
47a
30c
Nehi Corp 1st pfd
New Jersey
117a
Apr
Feb
12
47a
127a
12.50
Radio
Co
England
Apr
97a
1,300
National Tunnel & Mines common—_1
Jun
13
127a Mar
187a
200
247a
10
National Transit—
Feb
87a
117a
157a
'
63
Jan
Common
' Jan
35
Jan
10
1,900
11%
14%
*
.
200
1,000
12%
Jan
Mar
9,300
'
6'%
6
•
Sugar Refining
National Tea 5V»% preferred
Haven
Jan
7
12
Car Ltd
National
$2
12
Jan
50
National Rubber Machinery
New
Apr
4%
700
National Refining common
New
117a
3,100
56%
12%
(Herman)
58
14%
557a
117a
Nelson
Jan
137a
12%
Nebraska Power 1%
,'1472 May
567a
12 : v
Oil
44 y2 Mar
Feb
14%
•
•
*
Navarro
Jan
50
•
Union
Jan
55%
7% Mar
of
Service
Jan
510
Puget Sound Power & Light—
Jun
40%
3%
7%
Feb'
2% July
35
12
Mfg & Stores common
17/
307a
Feb
35
National
National
Jan
28
National Fuel Gas
Steel
Jan
1%
30,600
—50c
City Lines common
preferred
National
1474
100
274
*
.
convertible
$3
167a
2%
•
25
Candy Co
National
167a
274
1
commdh
common
preferred
7%
National
■!.
.*
—
Bellas Hess
National
Jun
Apr
14%
6%
National
Jun
9%
Gas
Providence
Public
27a
123A
Prosperity Co class B
N
Jan
Jan
6272
4%
of Nevada
Corp
Producers
Jan
17i
7
62
62
common-
of
Metals
Pressed
17%
...10
....
Co..
Inc
High
Jan
37%
1
common...
& Lambert
127a
.7.50
of Canada
Prentice-Hall
2,900
11*6%
Premier Gold Mining
Jun
974
...10
Alexander—;—
&
Power Corp
87a
—25
Mining Co...
Powdrell
Apr
12,400
9%
...50
common.—
133
Apr
64
100
preferred
Feb
18
...
IlOO
Ohio Mfg Co
Muskegon Piston Ring—
6%
Jun
6 Vo
6%
Murray
Co
Jun
141/4
Mountain States Tel & Tel
Muskogee
19
3574
Inc
2%
ZZ50
——
Apr
Feb
21%
...10
—.,
Power common
RR
Pittsburgh Plate Glass
Pleasant Valley Wine Co
July
1% Jan
3,500
2
Feb
175
May
15 %
300
774
Feb
E
Jan
165
60
16%
Producers..
States
Feb
28'%
City Copper common-
Mountain
1%
& L
Bess
900
27a
*
Meter
400
18 74
18
Postage
Pitney-Bowes
Range since January 1
Low
1574
Z 27,
1
Gold Mines Ltd—...
Pioneer
Pitts
July
Shares
Rtah
15
15
474 Mar
175
Low
common
Feb
774
18
Jun
11
Governor
27a
x2
172
217a
Jan
Pierce
87a Mar
10
Ward A——...—
Montreal Light Heat & Power—
Moody Investors partic pfd
Mtge Bank of Col Am shs
Montgomery
Jun
Sales
for Week
Range
of Prices
Pur
4,200
37a
Last
Sale Price
2,800
11
x2
107a
Week's
Friday
Exchange
High
Jan
14
1
1
Molybuenum Corp.—_—
Monogram Pictures common
Mountain
Low
"_2"50
-
Curb
Range since January 1
v..\
•
Mock Jud Voehringer common—
Mountain
High
York
New
Shares
of Prices
Low
Par
Missouri Public Service common.
7
Sales
Last
Exchange
JULY
STOCKS
Friday
STOCKS
New York Curb
WEEK ENDING
20
110%
Apr
11574
Feb
1574
1574
12
Feb
1574 July
14
15
125
1374
Jun
16
Jan
•
31
31
100
26
Jan
32
Jun
1
100
256
•
•
common
__
25
Simmons-Boardman Publications—
Pacific
Can
Pacific
Gas & Elec
5 72 %
Co
1st
6%
1st pfd
*25
Lighting $5 preferred
Pacific
Power
Pacific
& Light
Public
$1.30
Paramount
7%
100
106
Feb
82
Apr
9
Jan
9
July
Jan
34
Jun
Telephone
8
&
9
34
33
34
200
1
21
2074
21
500
87a
—
1674
Jan
22
May
32
Jan
50
Mar
3474
Jan
29
Apr
37% May
337z Jan
1
A
5%
_*
com
•
Traffic
Penn
Water & Power Co
Co..
~2%
74
|
~27a
4%
6,300
•'
:
ZZZZZ
common
Electric Power 5%
—
Packing
Co.
Securities common
see
_
pfdZ.ZZZ
page
1
Jun
Jan
74
Jun
Mar
44
Jun
common
Aircraft
Solar
Manufacturing
Sonotone
Soss
Co..
South
Penn
Southwest
Southern
5%
Oil.——..——
Pipe Line
Pa
4,900
7a
Jan
570
94 y2
Jan
10472 Mar
20
90
Jan
10072 Mar
Southern
Phosphate
167
350
161
Mar
169
Jun
Southern
Pipe
Jun
Southland
27a
%
140
372
Apr
68
125
Jan
140
31
8
87a
*
10
10%
I25
29
29 V2
•
class
Royalty Co
(AG) & Bros
63 % * 64
140
8%;
4
4%
7,500
Jan
3374
7
Jan
617a
860
50
77a
8
3,400
87a May
700
50
29
Jun
5%
800
Apr
227s
Jari
Jun
Mar
uly
Apr
87a July
10% July
3372
8
Jan
July
7%
674
2%
111
Jan
6%
3,400
3%
Jan
674 Mar
3
8,300
27a
Feb
374
6
800
474
Jan
3%
374
3%
2,400
272
Jan
57a July
3.7a Mar
4474
Co
Line
Amer dep rets
45
2,300
40
Apr
30
150
28
Mar
3072
A
28
25
Apr
41
30
37
Mar
43 72
31%
Jan
317a
317a
Apr
327a
317b
305/a
3074
307a
174
25
10
2
7574
100
~57/a ~5%
97a
10
1074
5
1
77
297/a
9
9
,
Jan
174
Jan
2
July
Jan
77
July
Jun
130
70
67
400
57a
300
87a Jan
2,700
974
1,000
20
Jun
97a Mar
57a
Apr
Jan
40
7a Mar
•
4%
578
6,100
4
5
47a
400
1
32%
3074
32%
9,000
2372 July
Standard
Brewing Co
2.78
l5/a
17a
174
1,800
Mar
9 74 Mar
107a July
97a Jun
Jan
45
7a
Jun
Feb
■fa Feb
57a July
Jan
47a July
27a
"
145.
Jan
6 74
37a May
74
ord regis
•
Feb
2974
97a
107a
45
Jan
600
1,500
122
~57/a
45
Corp
Inc.
July
43
29 7a
dep rets crd bearer.
Stahl-Meyer
45
Apr
40
•
Spanish & General Corp—
Spencer Shoe
Jun
47a July
27t
1st preferred-*!
Amer
Jan
1672
5%
6%
preferred
.100
New England Telephone—100
Spalding
Feb
July
2%
Southern
98
Jan
4
Jan
274
275
1274 Mar
4%
3% July
Apr
108
.25
preferred B_.
572 % preferred series C
Power
Jan
-
6%
Colorado
100
2%
229
6
10
Edison—
original preferred—..—.
Southern
30
28
common
California
3,100
1
Manufacturing common
Coast Corp
258
1
1
1
Co
Corp
South
3%
37a
£1
100
*
—1
Solar
1017a 102
*
Pharis Tire & Rubber
574
43
27a Mar
64
100
Perfect Circle Co
Jan
647a
'300
2.50
Co
For .footnotes
73%
574
Pattern
Manufacturing Co
Singer Manufacturing Co Ltd—
Amer dep rets ord regis
Sioux City Gas & Elec 7$ pfd
Smith (Howard)
Paper Mills
Singer
165
I50
Co.!
5%
Simplicity
98
102
—*
Penn
Mar
•
25
■
Philadelphia Co
24
6
•
common
Light $7 preferred
Mfg
67a
9,200
200
1
A
Power
preferred
Mfg
77a
10
Corp
Co
Elec class
Phoenix
Feb
678 Mar
774
"2%
Phila
10672 July
80
Gas &
Phillips
10972 May
2074 May
Penn
Pepperell
Jan
Jan
preferred
Salt
96'/2
19
7374
Penn
106y4 Mar
100
Jun
•
Pennsylvania Edison Co $5 series pfd_*
$2.80 series preferred—
*
$6
347/a
Jan
Pennroad Corp common
Penn
60
109
105% 106%
3772 July
Jan
5
Parkersburg Rig & Reel
Patehogue Plymouth Mills.
$1.40
109
*
pfd
Jun
Jan
*
Motors
Pen
Peninsular
2,100
preferred.
1st
1
37%
Service
Page-Hersey Tubes common
•
Pantepec Oil of Venezuela Am shs..—
Parker
367a
Jan
327a
377a
25
Pacific
157a
13
35
•
common
preferred
preferred
convertible
$3
A Feb
l7/a
Apr
Monday, July 10, 1944
CHRONICLE
THE COMMERCIAL & FINANCIAL
144
NEW YORK CURB EXCHANGE
FOR
RANGE
STOCKS
Range
Last
Curb Exchange
York
New
of Prices
Sale Price
—10
Convertible preferred..
24%
\
6
400
.
18%
300
17'/a
17%
17%
Preferred
——
Inc
(J B) Co common..
I Hugo l Corp
Stetson
SGI ones
2%
3,100
Jan
Wolverine
Portland
Jan
Woodley
v
%
%
15% •:
15%
15%
July
%
Jun
2%
5%
9
Jan
52
15
Jan
3%
Jan
1
%
Feb
15
July
1
■
July
2,100
Hargreaves Ltd
1,200
17
50
Jan
15%
Apr ■■■if
9%
•
common
15%
Apr
11
Apr
May
•
Texas
Ti»xon
i.
7ft
Power & Light
Oil & Land Co
^extron Inc
Shovtl
Thew
Tilo
Co
&
19 Va
Feb
x23 Va Mar
6%
Jan
9% July
9%
5,500
1
:.i Jan
57%
Jun
9% July
60
'Jan
4%
300
3%
Feb
4%
Jun
...
9Va
Feb
11%
i-vi'v
S'
•
Transwestern Oil Co
Corp..
Too ii".
i/
V
—
1
•"
1%
1
1
...
1%
warrants
•
lac
v.
nil
Tung-Sol Lamp Works
f" •
80c convertible preferred—
-.:
'
: 11%
Apr
11
3
>
1% July
4% July
24%
Jan
4,500
11%
700
4
Jan.?
10%
Jun
10
•
..
Apr
M-S
Amer
Pow
& Lt
2016
j-j
104
Amer
Writing
1961
.1970
2024
J-D
100%
100
J-J
1956
j-j
1953
j-j
Appalachian
deb 6s
6s
Paper
Elec
&
Pr
3%?
Pow
Lt
Elec
5s
4%s
deb
AConv
deb
Manufacturing
Unexcelled
Aircraft
United
Chemicals
United
ADebenture
1968
—1977
5%s A
1955
City Elec 3%s
& Sons (B. F.)—
1964
1947
1957
B
series
5s
C
Bethlehem Steel
Bickford's Inc
1st
$3
Edison
Boston
2%s
111
El
Gas 3%s
&
Amer
Central States Pr & Lt 5%s
series
Debenture
5s
7%
Feb
Connecticut
Lt
&
7%
Jun
Consol
El
Lt
May
66
May
Gas
3%s
-
'
series
ref mtge 2%s
21,900
921/4
50
400
1%
18
2% July
80%
Jan
S5
18
Jun
18%
8,400
200
Feb
Jun
63
May
Feb
16
-
> a®
18
mtge 3s ser P..
Consolidated
S
,
1st
Feb
3
Mar
5,600
%
•ft Jan
%
1,900
& Jun
54%
1,700
50% May
54
x
Jan
Jan
39%
Jun
Gatineau
93
Apr
General
265
265
265
n
u
100
74%
731/4
44
Jun
%
100
67/a
Feb
263
.
431/4
8%
1
:
5%
Jun
July
265
;>
1
7%
T%
%
Jan
§AGobel
Jun
Grand Trunk
Great
44
Mountain
8%
300
4"% Mar
7%
1%
89%
11
•
6,600
400
5%
Jan
9
Feb
8%
Jun
Products
%
Apr
1%
Jun
78%
Jan
91%
Jun
4% July
2% Mar
Utah
Power &
R^dio
3%
8,700
3%
11%
11%
11%
800
3%
3 Va
3%
2,200
23%
21%
23
50
100
5,700
"
•
~8%
10c
1
Utility Equities common
2%
—
~2%
~3 %
57%
"5%
9
1
$5.50 priority stock
21%
23%
22%
1
Products
Jun
5s
3%
West
&
Venezuelan
Vogt
58
8%
6,200
IVa
2%
1,300
82%
25
Jan
12%
Jun
1%
Jan
4%
Jun
2%
3
Petroleum
45
"9%
1
•
2%
2%
46
10
9%
13%
Va'
14%
4,800
Feb
18%
Jan
18
Jan
23% May
Jan
25%
26
Mar
3% July
61
120
A6V2S
1.100
900
A 7s
2% July
Jan
46 Va
July
8%
Feb
11%
Apr
8
Feb
14%
A7s
A7s
C
Co
•
preferred-
31/2
Waitt St Bond clae* A
Class B
Wayne
Knitting
10%
•
II
400
3.300
20
„
May
7%
2%
Z'ZjS-
20
20
2%
•
18
18
3%
Feb
Feb
xlO%
Jun
94% May
1.200
14%
Jan
20%
1,000
1 Va
Feb
2% July
Jan
18% Mar
100
15
1941
(Aug
Ventworth Manufacturing
Texas Utility U
preferred
West Va Coal & Coke..
;
1 23
J
'
4%
~9%
8%
9%
—g
8%
Jun
9%
6.300
9%
•
1,900
7%
I
Westmoreland Inc
Weyenberg Shoe Mfg
Wichita River Oil Corp
page
20%
138
20%
10
150
6s
6s
Superpower
Kansas Gas & Electric 6s
Kansas
Power <fc Light 3%s
Kentucky Utilities 4s
"in
.
III
145,
To
-
9
200
Midland
1st
9% July
6s
9% July
New
July
18% Mar
21
Jun
28% May
Jan
Jan
Feb
123%
<
100
97%
104
101
10
'•
-——
3
100% 101%
34
98%
109 %
100
no5% 108'%
103%
103 Va
103% 103%
101%
;; 101%
J-J
U03
104
101
104
F-A
$104
107
103
108%
J-D
106
106
$99
102%
J-D
70%
103%
106%
102 %
3
102%
64%
75
106%
111
102
105
102
105^
105%
107%
6
70%
$106% 107
104
—
105% 105 J J
18
MS
1041/4 104'/a
3
104
105%
M-N
102% 102 Va
2
102 Va
103%
J-J
100%
•100
100%
8
93%
F-A
100
100
100%
4
M-N
$107
107%
—
J-D
105%
&
4ft
at
4s
E
/
93
101
101%
106%
109
20
to
ref
5s—
Ltg 5s
4%s—
——2022
A
New
New
deb
Gas
England
England
.
33
1
25
35
31
3
23
35
Power
3%s
5s—
25
•
j-j
.
9 4(4
96
35
:
69%
71%
41
34
,4 33%
108 Va 108%
21
70%
34
j-j
,
108%
MS
$107% 108%
J-D
J-J
.121
112
107% 108
J-J
107%
107
60
—
-
36
109
107
120
-
122
111
1
•
Af-N
106%
Af-N
$102% 106
106% 106%
109
109
109
$100 " 101 %
J-J
<
107
.104% 104%
104%
$106
J-D
112%
3
3
3.06
$100% 101%
F-A
110% 111
110%
J-D
$111
J-D
Af-N
86%
-
86%
3
105%
110
108
110%
102%
103%
V 3
62%
69%
1
106%
108%
5
103%
106
105%
108
102%
104%
9
100%
7
101%
108
__
111
116
120
111
113
M-N
109
87 %
871/4
•
72%
10
86%
51
109
110
•
101V# 102%
102 % 102%
54
88%
88%
88%
110
95%
172
102%
72 %
107
3
101%
A-O
72%
144
86 %
86%
108%
104%
9
—
114%
88 %
;
99%
$117%" 119 '
M-S
109 %
107
106 Va
,103% 104
J-J
J-D
107
"107
MS
J-D ~
1947
68
68
A-O
77%
28%
106%
j, ■'
121
$111
121
M-S
96
107%
h
11
„
33
88%
75
95
J-J
J-J
1954
33 %
22%
US
—1961
1948
'
'
1950
Power Assn
33%
■■:• 25
32%
$31
J-J
1948
5s
5s
Debenture 5%s
•
immt''
31
1948
Amsterdam
5s
Jun
Jan
Power
'
'
21%
f-a
1963
_1967
1978
1955
1957
—1945
:_1981
.
New Eng Gas St El Assn 5s:
9% Mar
10
35
32%
A-O
—1965
—.1945
Light 4%s
Gas
series
Conv
$31
v
F-A
1960
Minnesota P & L 4%s
Nassau 61 Suffolk
138
^
63
Valley RR—
Extended
Milwaukee
Nebraska
8
$„
MS
.
1948
1971
Middle States Petrol 6%s
Jun
8%
8%
15
102% 102%
102%
J-D
——196i»
—1965
-.1966
2022
—1969
..1970
3%s
G
series
Jun
Jan
16
.
106 Va
6
99% 100
& Mfg—
Radiator
5
Jan
103
123
105% 106
5
J-D
1957
1952
5s
Power
110%
Apr
105%
1952
1941 coupon)
(July
A7s
Jan
5% Jan
84-
106 Va
M-S
1952
Apr
3%
23
138
20%
Westmoreland Coal.
see
2.300
108
Western Air Lines Inc
"
1
Western Maryland Ry 7ft 1st
"pfd—100
Western Tablet & Stationery com.
•
For footnotes
4%
4%
•
102%
1957
coupon)
F
Mississippi P & L 5s
West
101%
> 1
M-N
1957
Lake Superior Dist Pow
94% May
•
M.Us
3%
10%
3%
10
100:
^
104 Va
39
103 % 103 %
1955
1941 coup)
1
E-
series
Interstate
4s
7%
99
1970
5s
stamped
Metropolitan Edison
Wagner Baking voting trust ctfs ext—•
99%
103%
J-J
Jun
3
93%
103'/a 103%
1123 Va 125
A-O
6s
Aircraft
98%
99
1953
...1957
L 3%s
&
(Dec
series
McCord
Waco
98 Va
136
98 Va
$103% 104%
5s
series
A6%s
2% July
83% Jun
27
5
90 Va
103%
international Power Sec—
Feb
8% July
Feb
Feb
104%
98%
$101
iien & ref 5s
1st
Indianapolis P
Jun
74%. Jan;
1%
152
99
21% July
20
1%
99
;
1955
7
Jan
2
82
A-O
ref 5%s series B
Service
Jan
144
103% 103%
'
1950
1963
1st &
Hydro-Elec
4
140
103%
A-O
ref 6s series A
Indiana
51%
125
-
1958
1st &
Indiana
250
119
& Light Corp—
Power
3% July
Jan
110%
119
1949
Jan
B
series
6s
141/4 May
2%
8
82%
1
Manufacturing
118
'
119
-Jan 1949
Hygrade Food 6s ser A
Illinois
Jan
18,100
109
6
104
1960
Jersey Cent Pow & Lt 3%s
Kansas Electric Power 3%s
$4
-
108
1958
6s
Houston Lt Si Pwr 3%s
Debenture
common
convertiole preferred
■
105%
A-O
1953
Grocery Store Prod 6s
Altallan
Valspar Corp
104
116%
M-S
1950
1950
1963
stpd
Pow
Feb
2%
20%
21
1
Light $7 preferred
%
"ft Apr
1,200
•
-
103
98 %
5
102%
.1948
..1978
1941
12
10
Utah-Idaho Sugar
Utah
%
*
»
July
300
10
Co
20
•'
7% July
11
375
1%
91
3%
Universal
103%
97%
•109% 110
F-A
1965
Nor Power
2
common
103
98%
102% 102%
1115
118 v
107%
J-J
West 4s
Green
T<r
Pictures
99%
215
102 % 103
J-D
4%s series A
(Adolf)
74% July
50o
Insurance
5
104
103
3 V
1953
4s
Coal
Alden
Glen
44% May
United Stores common—
Voting trust ctfs
105
102% 103
104
J-D
——1969
5s
Georgia Power & Light 5s
Jan
Jan
Universal
79
104
104 Va
A-O
1954
3%s A—
Serv
Jun
1%
Universal
62%
101%
1
5
1952
69
2%
.
52%
100 Va
104 u
72%
v
102% 102 %
M-S
42
1,000
-
71
;
1104% 105
MS
530
7%
90%
•
Consolidated Oil
52
98
V
107% 107%
1956
650
8%
10%
5
Cooler class A
13
37
103% 103%
1956
..2030
74%
2,600
B
71
J-D
Light 5s
Power
Pub
7%
Feb
6% Mar
2
Class
100 %
100
107
105%
36%
.„
63% Mar
Apr
4%
Universal
,
130
J-J
& RR 5s
District El 5s
Federal Water Service 5%s
Feb
l7/a
Universal
103%
52%
51%
J-D
&
Power
Water
331/4
4
10
67/a
Paper.
103%
99%
,50
'
52
102%
Lt
Eastern Gas & Fuel 4s ser A
Electric
90
50
38 %
38
4%
Wall
•
104%
101%
29
1106% 107%
51%'
50%
51
Af-N
1944
Empire
121%
Feb
•
United
5s
Tobacco 5s
Cuban
%
%
1
Rubber
106%
8
103
...
July
Elmira
n
Radiator common
S
150
102
25
'102% 102%
102%
F-A
% Mar
Apr
May
Reclaiming
U
103
103
M-N
iJ6 Mar
1%
xll4
Jan
U S
120%
105%
110
:>103Va 103%
.103%
102%
1958
6,800
21,700
2
6%
preferred with warrants
115%
150
121%
1107
A-O
A Consolidated
Continental Gas & El
2,100
1%
10
25
Graphite common.
$5
109
119
5
.
1150% 170
A-O
Gen mtge 4%s
1954
Textile 5s stmpd—1953
Jun
Va
and International Securities
U S
ser Q
Jun
116% 117%
100
B
107
113%
103% 108%
(Bait City)—
Gas
Guantanamo
U
95%
113% 113%
F-A
1971
1969
1976
N
ref
1st
23
U S Foil Co class
85%
(Bait)—
& Pr
1st
25c
Preferred
:t, 18
J-D
—1951
7s A
Pr
25% July
'
United Specialties common
94%
MS
5s
Debenture
Ltd—
common
1966
1950
1958
1969
Jan
5s
AGeneral Rayon Co 6s ser A
Sharing
29
93%
V
A-O
5s
3% July
%
38V2
preferred
United Shoe Machinery
deb
11% July
i.„j•
10 ft
22%
1119
M-3
..1955
B
Service
T%
•
Profit
Uimea
13
J-J
1927
1952
5%s A
Jan
18%
•
ord regis
United NJ RR & Canal
29,
25 Va
199
M-S
stpd—1953
5s ctfs
5 A Chicago Rys
117%
rets
22%
__
J-J
.
1954
Jun
ia
dep
102
J-D
1964
A5%s
7%
%
54%
Co
;
Af-N
_1953
—1948
1
•
United Molasses
""
MS
5s
Power
Northern
Central
•
;
preferred—
25%
94
J-D
§ A Central States Electric 5s
Canada
141/2
~2%
"2
18
•
participating
1968
1970
Birmingham Electric 4%s
1,600
92%
•
United Milk Products
29 Va
24%
A-O
—1962
6%s
18,300
18%
B
class
29%
23
Q-F
1998
6s
Feb
59 •;"£ Jan
preferred
Common
23
68
Af-N
warrants
11%
%
preferred non-voting
warrants
United Light & Power common A
109
J-D
1960
M
series
29
25 Va
25%
24 Va
i
Telephone of Canada—
5s
89%
24%
J-D
without
5s
Bell
.
25%
M-S
Atlantic
Avery
106
79%
23 yv-
,.
24%
.5.
25 Va
M-S
Assoc T & T deb
128
104%
71
25
F-A
5%s
Jan
66
23
-10c
•
20
$7
89
109
124%
15
104 Va 105
88%
104%
101%
99
107%
25%
A-O
5s
25%
9%
10%
25
:
Option
6
29
!$24 %
j-j
4%
1,900
100%
89
108%
109 Va
103%
$124% 126
104%
F-A
deb
106
.
48
,
•
warrants
corp
5%
-
High
105
106%
.
108% 108%
108%
MS
1949
5% July
f
k
1950
AConv
1
.
•
1948
4%s
5%
5%
•
United Gas Corp common
$6
Jan
•
United Elastic Corp
1st
Jan
2%
1
common
& participating
cum
2%
3,200
100
—:
Products
pfd
United Cigar-Whelan Stores
$5 preferred Prior preferred
$3
4,1^0
3%
•
Stk Yds of Omaha
Union
United
5%
27/a
5%
Co——10
Canada
of
Gas
Union
5%
Low
102%
12
106% 107 %
A-O
AConv deb 5s
Conv
3
10c
■
Co—
4%s
Cities
5%
1
Corp.—
-
Elec
&
AConv
6s
Realization
January 1
1
103% 104
Jun
U
Ulen
Range Since
No.
.
106% 106%
j-j
f. debs
s
Cincinnati St Ry
Udylite Corp
Jun
3% July
8% July
11%
Jan
-106%
1950
1960
1% Mar
...
9Va Mar
V/;
Jan
115
•
Jan
ft Mar
1,400
"8%
11%
July
109% Feb
May
18 Va
Jan
80
Jun
113
1,200
....
,
;
~7
<
"
1%
.
106%
5,700
24
23
23%
10
3,000
4%
4%
4%
-10
/
115
115
'
1%
Jan
Feb
58
10
1
107%. 107%
..•mmJ.
i.
380
80
76 V4
-imL
IV4
—
-78
11
■'
Sold
104 Va 104 Va
1970
1st
^
104%
debs
Jun
'•
4%
i
,
....
i:.
Trunz
150
1,300
V", 5%
7%
Jun
'14% May
Bonds
/
Hiah
deos
6% July
Jun
Low
f
May
10%
Friday's
f
Trust Co Ltd—
I
i
119
9%
—
Todd Shipyards Corp.
Toledo Edison 6ft preferred..
7 %
preferred....!
.
Tonopah Mining of Nevada
•
,
or
s
Jun
9%
■>
dep recs def reg
Tri-Continental
Apr
1,800
23
•
Amer
'
7%
9%
1
dep rets ord regis
Trans Lux
1,200
•
Amer
.V
Mar
22%
B
Product Exports
Tobacco Security
i
6
6%
10
Stocks
Tobacco
i
Jan
9%
Construction—
&
114%
9%
1
Allied
19%
'■■■■!
Last
s
Jun
25
Jan
A
common
Tlshman Realty
Feb
12 Va
6%
Roofing Inc
Tobacco
i
23%
10,300
6%
Apr
Week's Range
Friday
Sale Price Bid & Asked
3%s
2%s
Mar
300
19
--
Jan
3%s
SAssociated Gas
6V8
Jan
25
2
.
5
18 Va
19
Too
pfd
100
24%
__
"
Technicolor Inc common
Jan
2%
j-j
Jun
'
Tampa Electric Co
7%
-
American Gas & Electric Co.—
Associated
5%
100
47,100
3%
3%
Interest
Exchange
Curb
York
Appalachian Pow deb 6s
5%
Jan
2,800
.
13% July
12%
15
1
7"
Jan
6
11
3%
Period
Arkansas
Taggart Corp common
Jan
12%
BONDS
New
20% May
12%
19%
Jun
May
13%
15%
13%
,
12%
Ba
•
11%
11
1
2% July
Feb
15%
19%
—
3%
Jun
6
Jan
8%
.
.19%
13%
*
*
8un Ray Drug Co
1
Superior Port Cement class B com— •
Swan Finch Oil Corp
—15
& Co new common
Machinery
1%
500
1,100
7/a
111
10
Cement
Ltd—
deposit receipts
American
Wright
11% July
5
1,300
V
6%
Apr
110
__
(F W)
Jun
9
200
15
1
—•
0
14%
5 Va July
11% Mar
Jun
Apr
Jan
500
2%
2%
2%
15
*
Jun
Jan
12
6
.
10"
Jun
Jan
43%
_
Jan
Feb
3
50'
Jun
15%
1,100
11% 11%
4,000
Jun
13%
>.
11%
...
High
13% May
Jan
2% July
Apr
Feb
57
50
8%
8%
4%' -5%
11% .11%
5 '/a
-
:
Low
13%
8%
-
300
5%
•
pfd_.100:
Light 7ft
&
.••
13%
Range since January 1
-
High
13
•
Petroleum—
Woolworth
12% July
n
—;
•
—1
Heating—.
Inc
Power
74
1%
Products
Willson
Wisconsin
% May
3,000
2%
Oil-O-Matio
Williams
Shares
Mar
Jan
7%
Low
•
•
Co
&
18% Mar
114
53% Mar
(S)
Stroock
8ullivan
2%
2%
*
—
3,400
C)
Winnipeg Elec common B__
Jan
54
3,200
%
•
(R
for Week
of Prices
Par
Williams
Sales"
Range
Last-
;
Sale Price
19% Apr
Apr
650
12%
%
1
Standard Tube class B
———J,
Starrett (The) Corp voting trust ctfs—1
Steel Co of Canada
'
Stein (A) & Co common-—1
"
Sterchi Bros Stores
:
-l
6ft 1st preferred
50
6% 2d preferred
20
Sterling Aluminum Products
—1
Sterling Brewers Inc
1
Feb
1,100
74
11%
12%
1
Produots Co
Standard Silver Lead
Sterling
%
.
%
70%
Jun
3
■*
108% Jan
% Jan
4,100
%
v
Jan
Jan
1,500
18
%
Common class B—
Standard
Jan
2
Standard Dredging Corp
15% May
25% May
Jan
"Week's
Friday
Exchange
Curb
High
16
common—---1
$1.60 convertible preferred.-20 ■
Standard Oil (Ky)
-10
Standard Oil (Ohio)—5ft pfd100
Standard Power & Light■;
1
7
New York
Low
13%
24
common-.-——-1
Standard Cap Si Seal
13%
13 %
JULY
ENDING
Range since January 1
High
Low
Fif
WEEK
STOCKS
Salea
for Week
Shares
Week's
Friday
•
102%
97%
103
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4297
160
Volume
14f5
NEW YORK CURB EXCHANGE
..RANGE FOR WEEK ENDING JULY 7
.
BONDS
Last
Interest
Curb Exchange!
New York
Period
j-d
Eleo & Gas 3%s
Jf-N
1964
4s
Oklahoma Power St Water 5a:
A-0
1962
f-a
.1948
f-a
-
J-J
1977
M-N
.1979
Jtf-N
107
3-d
1st
•
5s
-5s—
Pennsylvania Water & Power 3 Vis. .1964
.1962
102%
A
series
104%
A 5s
4
103%
3
55
104% 104%
1
102
105% 105%
:
a-o
I
F-A
—1952
20
103
106
115%
4'As
Power
5s
Edison
F—
series
li4
114
3
113%
115
d3bs
.1954
114% 115
9
111% 116
m-s
-1951
3-D
1964
J-D
income
Wash Water Power 3%s__
105%
40
55%
West Penn Electric
5s
107%
West
1
106%
109%
106
108
Western Newspaper
5
*107
108%
108% 109
106%
108%
25
108
117
107
106
3
106% 107
Traction
Penn
6s
..2030
J-D
5s—
1944
——
AStamped 5s
..
*107
116%
j-j
101% 101%
7
M-N
106% 107
3
106
108 % 108 %
1
108%
M-a
98%
1
92%
.1964
3-D
5
106%
109
.1949
3-D
3
103%
105%
137%
98%
103
109%
to
1959
—
—
,
...
j-d
—1947
—
*99% 100%
-100
$93% 97%
*98%, 99%
..
j-d
113,
127
85
98%
98%
Estate
103% 103%
*149
;
\7
151
a-0
*102
103%
1979
J-D
110
110%
.1952
M-a
.1951
6s
—
;-d
.1951.
a-0
93
a-0
105
Shawinigan Water St Pwr 4Vis— .1967
.1970
1st 4 Vis series D.
Southern
California
Southern
Counties
Gas
Foreign Governments & Municipalities
19
103%
105%
105% 105%
8
103%
105%
1
104%
105
105
106
105%
105
105
105
.
106
24
104
106
8
107
109
103%
104%
72%
86%
*103% 104%
j-j
f-a
86
.2022
H-S
.
.1989
M-N
(stamped).—.....J—-May 1948
Conv 6s stamped—
j—..May 1948
28
86%
106%
a-0
103'A
90
91
96%
98
96%
91
Extended
98
ALlma
104%
83%
6a
'
•
Debenture
.
a-0
96%
.1951
f-a
97 V4
97
j-d
96%
96%
.
6s
98
86%
97%
45
86%
97 %
60
86%
97%
29
86%
97
97%
:
97
41
41 %
*20
*19%
44"%
High
25%
57?
$56
—
51%
54
55
24%
^
16%
26
62
74%
60
70%
24%
:"7 •"
25%
73
74%
*68
.39
75
j-j
*14
20
M-s
1958
M-N
—
7s
f-a
stamped
(State)
7
7-..
M-H
—.1968
M-a
*39
...7'
*39
J-D
*16
20
J-D
70
73
37
36
37
16%
17%
58
73
33
41 %
34
"5
43%
41%
41%
*39%
40%
"7%
7%
8%
135
3'/e
:S%
7%
7%
8%
127,
3%
8%
j-j
1921
22 v-
28%
33%
10
46 -4
18
1
28%
34%
19
45%
.
A-O
1959
1919
21
17
18%
45%
—
19%
—
28%
1947
1947
.—1931
1972
6%s
Government
74
3-D
.—1951
7s.—
6%s
de Janeiro
/
,
j-j
3-D
.
7;1;
20
A5%s
Cash
r
106%
104%
12
105% 106%
106
Low
*56
M-N
6%s stamped.1958
(Peru)
7s
;
•No par
j-j
NO.
21
20%
24
A Parana
A Rio
19
26
City
AMaranho
A Russian
29%
117
44%
;•
a-0
value,
sale,
x
a
d Ex-interest,
Deferred delivery sale,
e Odd-lot sale,
n Under-the-rule
Ex-dividend.
.
tFriday's bid and asked prices; no sales being transacted during current week.
A Bonds being traded flat.
.
sale,
..
..
.....
,
.
106
106
120
Z
106
j-j
-
v
105%
108
108%
119
101%
105%
107
'
2
99% 100
%
'
,:t:;7 9
105
108
105
f-a
j-j
3-D
105
117%
11
*119
M-if
—
City Rapid Transit 5 %s_.—1952
Twin
v..:7 27
97%
j-j
5s
——
97%
'
J-D
..1952
AMortgage Bank of Chile 6s.
Mortgage Bank of Denmark 5s
20
a-o
1960
Texas Power & Light 5s——.—1956
6s series A
2022
Tide Water Power 5s
1979
Toledo Edison 3Vis
—1968
Service
Electric
" 64
52
96%
97%
.
f-a
Standard Power
Texas
-
7
96%
f-a
gold debentures
.1957
& Light 6a
.1958
AStarrett Corp inc 5s.
Stinnes (Hugo) Corp—
A7-4s 3d stamped™————1946
v
A Certificates of deposit
—
Stinnes (Hugo) Industries—
7-4a 2nd stamped
1946
-
~
■
-Dec 1 1968
.1957
8s
6s.
-Debenture
96%
77,
3-A
Mortgage Bank of Bogota—
A7s (issue of May 1927).—
A 7s (issue of Oct. 1927)..™.
98
87
'7
A-O
Range Since
January 1
Sold
High
1953
5s
AMedellin
91%
86%
J/'-'i 12
Bonds
Friday's
or
1955
Danzig Port & WaterwaysrAExtemal 6%s stamped
Standard Gas & Electric—
■
5%s
Danish
108%
103
108%
103% 103%
*105
F-A
8s—...
Spalding (A G) deb 5s
84%
-
v
Week's Range
Last
Sale Price Bid & Asked
'
*106
107%
105% 106 •
a-0
Friday
interest
Exchange
Agricultural Mortgage Bank (Col)—■
A 20-year
7s_—
April 1940
A20-year 7s—>
Jan 1947
Bogota (see Mortgage Bank of)
ACauca Valley 7s
1948
107% 107%
M-S
Southwestern Gas & Elec 3%s__—. .1970
L
105%
93
Curb
Low
93%
■
__
York
Period
80
86%
$75
j-j
;— .1971
.1951
Rys 4s—.
&
73%
1
New
(Calif)—
1st mtge 3s.
Southern Indiana
19
*125%
j-j
.1957
Edison 3s— .1965
Gas 3 Vis— .1970
Southern California
110
a-0
.1947
Sheridan Wyoming Coal 6s_.
South Carolina Power 5s
P
97%
100
96% 100%
99%
BONDS
—-
Bcullin Steel inc mtge 3s
Southwestern
107% 108
-
.1952
Lt & Pwr 6s 3
Real
ASchulte
108
M-N
A
Safe Harbor Water 4Vis
San Joaquin
~5
New Jersey—
6%
perpetual certificates.—_
Queens Borough Gas St Electric—
series
101%
•
96%
98%
98%
128
mtge 3%s—*—
Sinking fund deb 4s
5 Vis
105% 109%
114% 118
152
4%s B—
1st
Service of
108%
116% 116%
100% 102%
Public Service Co of Colorado—
Public
109
108% 110%
111%
1959
45%
.105
~3
112
A-0
24%
38
:
108% 108%
>
.
A-O
.1960
42
43
*105% 109
42%
Union--r
6s conv s f debentures™—1959
iAYora xtys Co 5s stpa
;
.—_i»37
107%
.1961
.
.
(Can)
Corp
.108%
2.14''
2022
Ry St Elec 4s
Wash
104%
E—.i—— .1956
stamped extended
bs
High
110% 111'A
—
Portland Gas & Coke Co¬
Potomac
low
*110% 111
r.
.
A-O
...
6%s.l952
—
17
107
J-D
4
1959
(Delaware)
106% 106%
M-a
1950
Rapid Transit 6s—
55
f-a
Power: 5%s— .1972
Elec
l
-
-105% 105%
105%
j- j
.1970
3Vis
Philadelphia
Philadelphia
109%
104% 104%
F-A
1964
Light
107%
Range Since
January 1
No.
Waldorf-Astoria Hotel—
103% 103%
.1955
St
112
"5
107% 107%
107'A
;
Sold
High
106%
*105 % 105%
Penn Central Lt St Pwr 4Vas.—
Power
110
105%
4s————1949
Utah Power & Light Co.Debenture 6s series A—
104%
108
108% 109%
Park Lexington 1st mtge 3a.
Pacific
103
103%
*103
If-N
J
Light St Railways (Maine)
United
6s
A-0
...
United Lt & Rys
95%
Bonds
Light
& Power Co—
1st lien St cons 5%s
107%
86%
N
Electric
United
111
104 »A
31
93
89
89%
J-j
.1971
Public Service
Ohio
108%
'
'
1968
3s.—
Low
100% 105
2
108% 108%
Week's Range
or Friday's
Last
Sain Price Bid & Asked
Period
High
9
$103% 105
1945
Ogden Gas 1st 5s
Ohio Power 1st mtge 3%s
mtge
Low
NO.
.
100% 101%
100%.
j-J
2004
North Continental Utility 5%S—1948
N Y St Westchester Lt« 4s~
1st
High
Friday
Interest
New York Curb Exchange
Range Since
January 1
Sold
United
New Orleans Public Service—
AIncome 6s series A
-Nov 1949
N Y State
Bonds
Friday's
or
Sale Price Bid & Asked
Low
,
BONDS
Week's Range
Friday
109%
tive; "conv," convertible; "M," mortgage; "n-v," non-voting stock; "v t
101%
"vyi," when issued;
24
99%
:
96%
■
§Reported in receivership.
Abbreviations used above—"cod,"
.
"cons," consolidated; "cum," cumula¬
c," voting trust certificates;
certificates of deposit;
"ww," with warrants; "xw," without warrants.
OTHER STOCK EXCHANGES
RANGE
FOR
WEEK
JULY
ENDING
7
Week's
Friday
Baltimore Stock
Last
Par
Arundel Corporation
•
-.
Preferred
100
t c____—
v
Consol Gas E L &
Class
B
.....
Apr
18
7
Apr
10
64% Apr
69
51
43
Jan
46%
Jun
9
10
Jan
11
Mar
10 %
10% July
10% July
10%
10%
125
28%
28 %y
270
27
Feb
100
27%
Jan
preferred B
pfd adjustmei.t
5 r/c
Eastern
Merchants
pfd vtc.—25
Moore
Mt
28%
;
Miners Trans
&
■
__
32
32
Jr
45
65
Jan
90
2
81
Jan
85
May
Apr
Capital Corp
New Amsterdam Casualty..
North American Oil Co...
Seaboard
5%
.
25%
2
25c
common
preferred
U S Fidelity St Guar
55c
12%
12%
41
41
37%
37%
50
37%
Apr
45c
1,000
55c
10
50
Commercial
24
170
25%
Feb
26%
July
12% July
50
36
May
41
July
533
35
Jun
41
Jan
Bonds-
1975
63
64
69
70
51
11.500
Jan
64
59 %
$10,000
.1975
5s series A———:.—
Button Hole
Int'l
Friday
Last
Jan
70
July
July
Sale Price
stocks—
Par
American
Bird
&
Son
Boston &
Boston
—100
Mach
Royale Copper
Kennecott Copper
Lamson Corp
5%
.
.—•
——
(Del)
I
•
Albany RR_—.
Edison
8%
"IIIIso
—-
Inc.—
—.100
———.25
—
Boston Elevated
163%
—
Ry.__
—100
Boston Herald Traveler Corp.—_•
26%
••
15%
112
35%
15%
8%
27%
Range since January 1
Low
29
105..
45
Jun
155"%
Jan.
.164% July
8
.
7%
Apr
9% Mar
24% Feb
27% July
15%
469
300
211 '■
1.630
36
.
11%
Jan
15% July
,
5
—.100
prior preferred
...100
5 % Class A 1st pfd—.....
100
Stamped
.—100
8% class B 1st pfd stamped
!%• class C 1st pfd
...
Stamped
10%
class
D
1st
pfd stamped
Boston Personal Prop Trust—,
Calumet & Hecla
...
Cities
Service
785
19
Jan
22% Mar
815
26
Jan
5
7%
80
1%
7%
'7%
8%
559
4
Jan
8%
8%
100
5
Jan
7%
*
151,
7%
5
7%
7%
7%
10
6%'
Ws
3"%
5% Feb
5
8
41% Mar
34.67
Feb
34.67 July
39% Jun
39
33Va May
7% Jan
852
,
13%
165
5%
25
6
11%
100
1%
25
13%
Jun
6% Jan
Apr
10
Mills
Pennsylvania
Mining
Quiney
Rutland
RR
—
,,
2%
1%
III100
pfd
Y%
Jun
2%
Feb
4%
Jun
5%
300
3%
Jan
6
Feb
32
~425
23%
Jan
I
400
60c
Jan
7
Jan
10%
Feb
17% July
Feb
1% July
33%
10
,V
815
11%
17%
759
1%
100
34%
460
24%
150
103%
98
1% Mar
Jan
10c
36% Mar
:/V
Jan
Jan
35C
■
33% July
Apr
30c
40c
1
6,025
5
104% 104%
.29%
2%
11
—
Jun
400
40
»
Mach
2%
463
12C
30%
12
Jun
4
34
39c
—
11—50
Co
Hole
Button
—2.50
25
RR
Jan
107% 108 %
——
108%
—
—
Jan
1
29%
1%
100
Shawmut
Assn.
1
17
12C
Jun
34% July
Feb
109%
Jun
46c
Mar
105
45c
Jun
Feb
25
25%
Jan
40% Jun
30%
721
25%
Jan
30%
2%
700
86c
Feb
40
9%
20
11
Jun
Jun
Mar
1% July
% Mar
119
1%
2%
12
Jan
14%
14%
14%
115
12%
Jari
14% July
10%
10%
11%
838
7%
Apr
11% July
90
2%
Jan
"
*
—.——
5
12
1.118
134
100
6
May
13% Feb
5V4
Jan
Drug Inc..—..
United
8
9% Feb
.7%
.
Fruit
United
%. Feb
14
.
common——•
Twist. Drill.—
United
7% July
Apr
71/8
Union
Feb
6%
U
S
Shoe
—
4
33%
L2-
Machinery
...
common
—_l—
-
25
.10
—
235
32
245
23%
•4% Apr
36
May
28
28%
17
17%
52
12 %
Apr
Feb
84%
m
I—.25
33%
17
5.
•.
33
4
28%
—5
—
Co....—
preferred
Rubber
...—•
...... —
8%
Jan
200
-
Mar
_____
•'
Co
8% Mar
*
Jan
149
7%
Pacific
Torrington
Jan
13%
16% "17
Jan
31.18
41% Feb
41
-
35%
15
16%
16%
100
RR__
Colony
Suburban Elec Securities
Jun
38%
9
Old
Stone & Webster Inc.—
66%
40%
8%
—
—
•
May
359
22%
13%
North Buttp Mining....—
Northern RR (N. H.)
36
21
8%
300
115% May
74 Vi Mar
22%
13%
1C
Copper Range Co..
For footnotes see
page
100
40%
9%
10
#
_——
Jan
69
^..100
Jan
13 % Mar
1
—
8
Mines..
Jan
67
—100
...100
Apr
32%
Jan
30%
31%
-1
;—
——
96%
Boston & Maine RR—
1%
12%
Jun
8%
5
—
1
32%
69
:
Jan
28%
126
3%
— —
5
& Elec Assn—
preferred
England Tel & Tel
;— III100
Reece
:
111% 112%
35%
High
Feb
1,916
.
8%
155
13%
32%
1
...100
common
—-
5%%
Shares
*;
250
30
1%
•
preferred
New
High
44% 45
;
162% 164%
10%
New England Gas
for Week
of Prices
18
11%
....lb
Co
Util Associates vtc
Mass
Sales
,
Mar
21% Mar
6
—
....
National Tunnel &
*
Woolen
Anaconda Copper
Range
Low
100
American Sugar Refining.'
American Tel & Tel-
Exchange
Week's
Feb
77
Jan
12%
13%
*
Narragansett Racing Assn Inc—.
,
105
Jan
13
37%
__
•
Isle
Nash-Kelvin a tor
Boston Stock
Jan
54
34.67
__
c
—
Maine Central RR common
Baltimore Transit Co 4s
92
Jan
55c
9% Mar
150
40
15
101%
39
:■
—
Hathaway Bakeries class A
6 % Mar
13
—
■
1
—
.39% Mar
Jun
10%
40%
Gillette Safetv Razor Co
Jan
4%
29%
30
National Stores
General Electric
75
82
32%
17%
m
common-
Mar
75
5
40
71
71
*
General
70
70
—
Inc
69
72
101
101%
100
Group
30% May
Jun
32%
82
(Tom) Distillery
25
Vernon-Woodbury Mills pfd._—100
Lines
100
:— ...100
Association-—'III
Engineers Public Service—
First
Houston Oil of Texas 6%
SS
Employers
High
'
56% Jan
105
36 %
4%
;
75
65%
36%
'
L010
♦
65%
65%
10O
i
1st pfd series A
67o
Jan
Mar
6%
Jun
66%
10 %
prior preferred
—
6% preferred
—
Eastern Mass Street Ry com.."..
Range since January 1
Shares
High
.
100
4%%
Jan
2.15
10%
1.00 May
869
3,276
45%
5
——
14%
215
15%
10%
High
45%
.10
of Amer A common—___5
Finance Co
Range since January 1
Low
2.00
9
Low
Sales
for Week
of Prices
Eastern Gas & Fuel Associates—
Shares
66%
Power com™——
Fidelity & Guarantee Fire Corp.
1.75
10%
For
High
15%
2.06
Bait Transit Co common v t c—.—•
W/j
for Week
Range
Low
;
"
Range
Sale Price
,
Sales
of Prices
Sale Price
stocks
Exchange
Week's
Friday
Last
STOCKS—
84%
314
75%
Jan
74%
73
85%
74%
600
69 V4
Jan
43 %
43%
43 y2
40
...
52%
43%
150
^
'
Mar
28% July
17% July
86%
Jun
74% July
'
42
Jun
44%
Feb
40%
Feb
53%
Jun
Jan
Feb
17% Mar
7% July
Vfaldorf System Inc..
Warren
(S D) Co.
Westinghouse Electric & Mfg
12%
....
*
50
12
12%
27%
25
104% 105%
237
10%, Jan
95
27%
;
20%
91%
Jan
Feb
12% July
27% July
107%
Jun
Monday, July 10, 1944
THE COMMERCIAL & FINANCIAL CHRONICLE
146
OTHER STOCK EXCHANGES
FOR
RANGE
WEEK ENDING
JULY
1
Last
Friday
Range
(J
common—
*-5
Aluminum
Advanced
Mfg Co
------American Public Service preferred—100
6%
Co
common
Mfg Co common
_
Mfg Co
Radio
Belden
common
Corp common
Borg-Warner
Wire class
&
Fence
Brown
Common
Bros
Bunte
L)
Ring
Feb
Jun
2
6% Mar
3
Jan
15%
15%
26 %
27%
150
20
Jan
16%
16%
350
A14
May
12%
50
,
Feb
July
16
Apr
27% July
-
16 %
July
HV2
10%
11%
1.000
8%
Jan
11% July
40%
40%
250
33%
Jan
41%
11
10%
300
8
Jan
7%
7
100
5
Jan
7% July
Feb
4'/a July
20%
20%
40%
40%
41
19
19
19
4.%
25%
Feb
19
July
Jan
41
July
22
Jan
27
130
20
12%
20%
300
25%
Jun
Jan
7'/a
Jun
Jan
9
800
20%
Jan
4 Va
250
7%
Nachman
Castle
(A M)
Co
&
10
common
Central
Illinois Pub 8erv 56
Central
111
Secur
12 %
July
preferred
Central S W Util common
lien
Prior
preferred-.
Preferred
Chain
Belt
<
—
—
States
Central
&
Pwr
Co
pfd
Lt
National
Cylinder
National
Standard
Corp
63%
Feb
50
7%
Jan
10%
Jan
117
Jan
July
North American
Northwest
17%
Jun
19 Vt
12%
Jan.; /
15% July
6% July
6%
49
6%
48%
44 %
14%
Feb
Jan
20%
140
50
28%
150
59'A
300
51%
Nor
Bancorp
West
7%
Co
111%
Feb
277/a
115
*
—14
5
115
Jan
Jun
105
59% July
115
Jun
16% July
13 % Mar
Jun
78%
Jan
98
1.750
13%
Feb
17% Mar
96
17%
24%
700
5%
Jun
28
Jan
4Va
27%
5%
28% July
Mar
400
94%
16%
23
1
25
*
20
25
pfd—100
cum
6%
2%
Drug Stores
Lighting Inc common
Cunningham
Jan
5% July
800
6
5
2%
Jan
31
Jan
18 Va
12% July
6% July
Jan
26%
200
20
Feb
26 Va
27 Va
700
19
Feb
27%
Jun
99
98%
99%
330
93%
27%
27%
50
21%
22
5%
20%
2
100
50
15%
36%
Apr
700
15%
Jan
Corp
Peabody
er
s'
Jun
17% July
17%
13%
400
10%
Jan
13% July
5%
57/a
550
5%
Jan
6% Mar
28%
40%
*
*
Metallurgical
41
200
26%
26 Va
12%
5
(Peter) Brewing common
95i
250
13%
95
95
10
Four-wheel Drive Auto
Coal
Finance
Corp
1
Preferred
General Foods
"
29%
-
July
13
Va July
Feb
95
May
Motors
Outdoor
Class
4%
1.450
8%
8%
50
*
Corp
Bros
Gossard Co
Inc
Heileman Brew Co G
Pennsylvania
Potter
Co
(The)
Steel
Car
Corp
(The)
Quaker Oats Co
Inc
Hershey
Hupp Motors
class
Co
B
.
(new)
capital
Illinois Central RR
Switchboard
Co
common
cum
8%
100
14
14%
550
13
Jan
15
20%
750
19 Va
Jan
20%
19
100
15%
Apr
19
Apr
10
Jan
12%
44
44
10
37
Jan
44
14%
50
12%
Feb
*
17%
17%
400
13%
Jan
3%
3%
500
1%
Jan
&
Chemical
Co
common
Co
4
4!4
Jun
Mar
10%
7% July
Jan
18% July
Jan
23%
Jun
May
17%
23%
750
19%
17%
17%
200
16
7%
8'A
1,700
17%
17%
200
13%
4%
Jan
6%
6%
Jun
8% Mar
1
"7%
6%
6%
100
*
7
7%
150
15%
300
16%
5% May
50
8% July
18%
Jan
Jun
Jan
16% July
Jan
-
50% July
50%
-7
8
corn-
*
10
47'Va
Jan
6%
100
3%
Feb
8%
8.700
16%
Apr
8% July
7%
450
4%
Jun
8
5
100
4Va May
100
10 % May
6%
5
5
5
capital
50%
7%
50%
12%
21%
38
17
—
12%
21%
<1
.
McWilljams
Marshall
Manufacturing
Dredging Co common
Field
Mickelberry's
Middle
West
Midland
common
Food
6%
Jun
5
Apr
12%
Jun
18%
Apr
38%
150
22%
17%
750
13
July
17
Jun
7
Jun
21%
Jun
Jan
38%
Jun
16 Va May
c43%
Jan
common
capital——.
II
—5
17
1,250
8% May
13% Jan
550
5% Mar
6%
_
11 Va
,
6%
11 Va
11
Va
Convertible
preferred
Midland Util 6%
1.750
9% Feb
11 Va Mar
Va
3.650
tV Jan
100
50
2'A
110
3 Va
4% May K-
Jan
93% July :?
Jan
79
2% July i.< -
Jan
%
30%
750
26
Jan
30 Va
60%
61
200
56%
Jan
63'A Mar f «
1.400
2%
Jan
650
11%
Apr
50
1%
Jan
2% July
71 Va Mar
81% "July
4'A
13'A
4%
'
14
2%
2%
79%
81%
4%
4%
40
•
100
3%
100
11
85
16
16
16
14%
14%
14%
21
150
10%
10%
10%
700
St Louis National
36%
36%
37
&
Co
common
capital
Co
(The)
_.
17
Steel
•
common
Stores
Inc
Oil-O-Matic
(Wm Jr)
Yates-Amer Mach
Radio
2
common
*
Co capital
capital
Corp
17Va July
50
10%
Jan
12
900
13%
Jun
27 Vs
Jan
/ Jan
12
14 Va
2
Jun
Jan
r
18%
Feb
?
31%
Feb
»
33%
Jun
f
Jun
V
14%
14%
350
12
Jan
14%
34%
190
33%
Jun
34% Jun
81
81%
200
77
Apr
82 Va
29%
30%
450
23%
Jan
30% July
54
54
20
51Va
Jun
54
50%
Apr
54.;
:
f
July
62% July
5
,
common
4,750
2,250
3%
Jan
8% July
Va
200
26 Vs
Apr
29% May
V
'Jan
28 Va
July
i"
Apr
13 Va
Jun
29
•
0.1
28%
100
25
13
"•'
29
28 Va
29
13%
150
11%
10
98%
Jan
1.250
2%
Jan
101% 101%
4%
5
101 Va Mar
5
*
10%
6
%
1
10%
550
6%
10%
6%
450
69
68
69
7%
7%
41%
41%
150
400
7%
750
42
8 Va
4'/a
6% July
34
Feb
Feb
42
9
Jan
69
5%
7% July
s
Jun
11%
11%
12Vi
1.150
Feb
12 JA July
26%
277/a
4.050
24%
Jan
27% July
68%
70%
450
56%
Jan
70 %
64%
64%
657/a
400
56%
Jan
65Va July
5%
450
4%
Jun
•
38%
Interlake
Iron
Co
Corp
•
1
5
•
common
Martin
capital
5%
-P.4.
39
38
6Va
39
July
Jan
Jun
1.550
35
Apr
1.300
7
Jan
9% July
1.200
Jan
20 Va May
.17'/a July
9%
87/a
9%
19'A
18%
19 Va
16%
16%
17%
2.750
11%
Apr
19%
18%
19 Va
3.600
15%
Jan
20% Mar
23 Va
Feb
29
Paramount Pictures Inc
1
28%
28%
28%
400
Pullman
*
51
49'A
51
700
Inc
;
Radio Corp of America common
Republic Steel Corp common
•
•
•
Standard
*
Oil Co
(The)
U S
Brands
common
common
—
Co
__
11%
117'A
1
20
31%
31%
16 Va
,
1.250
2.700
21%
2.060
37%
Feb
8%
Apr
16
Apr
Jun
51
Jan
15 Va
.■
July
.18
Mar
11% July
21% July
32
July
32
200
287/a Mar
57 Va
57%
200
52%
Feb
57% July
19%
20 Va
2.300
14
Apr
20 Va July
52 >/4
19 Va
10
common
17%
11%
11
/
20%
25
Corp common
Rubber
53%
200
40%
Feb
53% July
Cincinnati Slock Exchange
Week's
Friday
/
Last
>
STOCKS—
Range
of Prices
Sale Frice
Low
Par
American
Products
20
7
Laundry Machine
American
Baldwin
j,
prior pfd
33
331/4
Products
Cincinnati
Ball
N
O
&
T
P—
-Cincinnati
Cincinnati
Union
Stock
50
1
Yards
Dayton &
100
11%
105
.
79
8%
77%
105
8%
79
700
18% May
S
S.
10
9
Mar
Mar
Apr
29% July
May
13% Mar
4
Feb
40
3'A
Jun
2%
Feb
3% Mar
Jan
107% July
Jan
108% May
323
40
388
183
10%
50
22%
23%
142
100%
99
Jan
9
Mar
Jan
79
July
8%
Jan
11
Apr
17 Va
Apr
23% July
7%
72
37%
23
May
88%
88%
5
87%
Jan
88% July
13%
14
*: 210
10%
Apr
14
32%
33
12
30
May
35
Jan
44
45
88
39
Mar
45
July
31%
Jan
36% July
21
Jan
25
*
*
A
45
—*
1
Pumps
Playing
36
357/a
36%
*
22
21
22
*
*
10
•
—
Procter & Gamble
U
22%
6
37%
Insulation
Lunkenheimer
U.
7% May
High
34% Jun
—-—10
class
National
Feb
Feb
128
10%
23
4
*
I
Eagle-Picher
Hobart
95
4
3
25 %
37% May
Michigan gtd—J—
Preferred
Formica
100
28%
106% 107%
107 %
*
*
*
Crosley Corp
8
T
—50
Telephone
10
3
20
;
4
4
Cincinnati Gas & Electric preferred_100
Cincinnati Street
Low
148
33'A
11%
—
Range since January 1
High
28 Va
5
Crank
Shares
8
*
*
Champion Paper & Fibre
Churngold
Sales
for Week
4
8
—
Cincinnati Advertising
prior
*
A
21% Mar
21%
prior lien
lien
—
21
14
15
350
5% Mar
15
*Jun
14
14
14%
400
5 Va Mar
15
Jun
100
100
21%
Card
271
78
1%
58 Va
1%
100
57%
58%
45 Va
262
44%
35
37
1% July
52%
Apr
July
May
2% May
58% July
40%
Jan
45 Va
8%
Jan
12%
Apr
Apr
39 Va
July
July
11%
11%
12%
228
50
39 Va
38%
39%
79
35
-23
Printing
Preferred
16%
Feb
Common
prior
For footnotes see page
Ice
Columbia
:
preferred
UnlistedAmerican
City
2%
-
151.
10
2%
3Va
3.000
1%
Jan
3%
Jun
General
11 Va
11%
360
9%
Jan
11%
Jun
Standard
Rolling Mill
&
Motors
Brands
*
*
5
16%
17
371
12
Jan
17
23%
*
Fuel
Gas
«'
10% July
Jan
Jan
Apr
62
27'A
69%
San com
Copper Mining
Electric
i
July
•
General
.
"
8%
50
Atch Topeka & Santa Fe Ry com—100
Bethlehem Steel Corp common
—*
Curtiss-Wright
1
Anaconda
/
V
62%
Stocks-
Unlisted
American Radiator & St
:
8'/a
8%
'■
Jan
59'A
62
■■
28
*
Mar
33%
^
•
Industries
Jan
i
■
Common
Woodall
34%
12'A
100
* ..:
common
Bankshares— A:.
Wisconsin
2%
32% Mar
1.650
„
prior preferred..
Williams
Jan
650
750
550
32%
*
common—
2%
'34%
1
capital-
Co
Pump
Wieboldt
Zenith
Jan
30%
:V
V
Jun '.
32%
1
*
Feb
10%
43
30 Va
*
Carbon
&
■
Feb
Apr
32%
=»
Corp
Walgreen Co common
Wrigley
24
July
6
27%
30%
2
common
•
July
•„
14'/a July ■?"'
17%
13%
14
—25
15
Utah Radio Products common
Cum
21
16
Jan
33%
12
5
capital—
Ills
United Air L Transp capital
United Light & Power $6 1st pfd_
Carbide
Wayne
80
10%
2%
5
:—10.
,
So. La Salle Street
S
2.700
16%
capital—25
common
Swift International capital
U
200
:•?
V:
Jun
5% 'Jun
33 Vb
1
—£
:
Indiana
Corp
Sundstrand Machine Tool common
Union
■
;
97%
=
Dredge—
Storkline Fur Corp
Trane
21
Stockyards capital—*
14%
v Jun
15
Feb
of
;
4% May ; I
'3% Jan
13/•* Feb
Oil
July
14
Jan
100
Common
May
4% July
Jan
500
Standard
V'
30%
6i
97%
Standard
Feb
Va Mar
Va
Miller & Hart Inc—
$1
4%
10%
34% July
Jan
Z 5%
Swift
t
Mar
United Co—
Common
1%
13
16%
17
50
May
Jun
,50
13>
.J•
Prod
Corp
17%
34
5%
common—.
Kroger
*
McCord Rad & Mfg class A
McQuay-Norris
Jan
14%
C
10%
22
93%
Jun
23
*
6%
Refining
550
70
97%
14% July
17% ..Jun
1.300
33
1
capital
Co
&
Jun
14
7%
19
20% Mar
*
25% July
Jan
*
Cummins
Roebuck
Jun
18%
Feb
16%
2%
Serrick Corp
x
-
...Y
July
8%
7
17% Mar
19
750
Jan
9%
18 Va
350
150
Mar
450
7%
20 % Mar
20%
class B common
1
Signode Steel Strap Co common—';.
*
Sinclair Oil Corp.:
1
*
South Bend Lathe Works capital—_5
Spiegel Inc common
—2
Sears
Jun
July
25%
.
93%
5'
July
~3%
41
8% July
800
(new)
Material
51% July
Jun
12%
1
Jan
13%
20
common
Line
Oil
Feb
Apr
6%
preferred-
Lindsay Light
Lion
Jan
7
*
Llbby McNeill & Libby common
jLincoln. Printing Co—
Common
8
1
Ken-Rad Tube & Lamp—
Common A
&
42 Va
750
1
Katz Drug Co common
Leath
100
13%
*
com—
Co capital
Kentucky Util jr
51%
12%
10
10
Steel Products-common
Kellogg
51%
100
common
Indep Pneumatic Tool v t c
Indiapapolis Power & Light
(W B)
10%
*
common
Illinois Brick
Jan
25
common-
33%
9
»
common
_
Studebaker
Feb
4%
9%
150
24'
4Va
Standard Oil of N J
51%
200
19
41
750
14
Raytheon Mfg Co—
6% preferred
Jun
650
12%
37 Va
500
<*
common—.
Jun
12%
1
Jan
30%
common-——-
July
10%
10
10
.
cap
32%
10'A
common-
Pressed
Process
43
65
8
100
;;.-4'A
50
capital
RR
Jun
64%
64%
8%
_.
Spencer Bartlett common
Indiana
40%
14%
com
Co common
Harnischfeger Corp common
Jarvis
8% Mar
20 %
common
Hall Printing
Houdaille
4% July
Jan
13
common
(H W)
Lakes Dr & Dk
Horders
100
i
Jan
8
65
common
A
Goldblatt
Hibb
43
3 %
10%
10
common
Adv
Gillette Safety Razor common
Great
43
37%
29% July
Jan
4%
13% July
34%
93 Va
Peoples Gas Lt & Coke capital--..—100
New York Central RR
-
10%
8%
Feb
34
_
41
Jun
May
39
4%
11%
lOVo
V
(Glenn L) Co common
Nash-Kelvinator
Corp
100
1
550
34
100
28% July
17
Feb
13%
20
5
common¬
__
Jan
Jun
51%
General
B
Jan
40
Feb
17%
10V8
10
...
A common
10% July
300
-
100
common
common
General
Co
& Elec
Gas
Pure
General
(The) common
35
.•/
.
.Fairbanks Morse common
30
Jan
24'A
'
.
—
6
common
18%
100
Jan
14%
33»
_*
29%
200
28%
27%
18%
20
—
100
Jan
8
450,
32%
IO5/8
33%
10%
200
100
40'A
40%
*
common
preferred
Penn
"July
r"45 %
13%
5%
15
-—1
■
July
17%
•
Jun
28%
16%
P^uly
20.
Jan
300
—5
Elgin Nat Watch Co
Eversharp Inc common
-
20
45
1
Electric Household Util Corp
22
/
Apr
20
Mar
27% July
Jan
45
*
Dodge Mfg Corp common
Domestic Industries Inc class A
102
Jan
22% May
100
5%
47%
-
July
26%
22
July
48%
37%
20
common--
^
Parker Pen Co.
Jun
27
1
Cup Co common
■■
6%
fi
50
•
*
■-
common
.
12%
26%
9
;-2%
Dayton Rubber Mfg common
■
30
12%
30
Common
10
30
—-—50
50
3 %
Apr
Util—
preferred
Omnibus
208
250
16%
15%
10
common
& Co
Inc
20'A July
Apr
20
July
50 Va
Jun
82
1.150
103% 103%
20%
103%
49%
19
*
4% May
44.400
6%-
Apr
13%
5
.
Car common
Airlines
Northwest
Stewart-Warner
100
common
Cudahy Packing Co 1%
Fox
Jun
100
common
pfd part shares
Fansteel
Jan
58%
111
19%
part shs vtc A
Common part shs vtc B
Container Corp of Amer common
:
\l
% Mar
140
15%
—
Com
Dixie
Jun
12% July
2,050
20
2'A
41%
28%
common
cap.
250
350
16'A
1
stock——10
Gas
Mar
30
Feb
28
3%
46%
-
Noblitt-Sparks Ind Inc capital
Co—
Consumers
Deere
Jan
Jan
8%
59
Edison
%
9%
:
19%
Consolidated Biscuit common—:
Curtis
96% July
U
8%
*
5
common
Commonwealth
Apr
59%
117
59 Va
il
w
Cities Service Co
Crane
%
116
59%
46%
High
Low
-
50
30
3Ve
Ry—
Chicago Towel Co conv pfd—
Chicago-Yellow Cab capital
c
250
;
Jan
88%
1.000
12%
20
300
15%
common
Chicago & Northwestern
Vtc for common w i
t
%
12
%
*
Chicago Flexible Shaft
V
210
/
5
1
Chicago Elec Mfg class A pfd
Chrysler
96%
Jun
22
—*
common
Chicago- Corp common
Convertible preferred
Preferred
21%
95%
12%
1
——*
50c
*
*
pfd
---*
Burrell Corp common
Cherry
21'A
96%
•
20% July
16% Mar
Corp—
Common
Convertible
*
common
Springfilled common
Schwitzer
Campbell Wyant & Cannon Fdy—
Capital
Co
Jun
12
12 Va
Jun
14%
34%
100
24
7
20%
Jan
50
26
24
16%
550
May
550
4%
4%
3%
150
Chemical
Range Since January 1
High
30
common
Montgomery Ward & Co. common—
Muskegon Motors Spec cl A
—
Jun
10%
10%
Monroe
5Ve July
40 %
>
10
Brothers
Butler
1%
3%
3
5%
1
common
650
4.650
2%
4%
5
10
common
common
Piston
Burd
12% July
4% Jan
200
16%
pfd-—*
1
A
*
(E
Co
Bruce
6%
Jan
1
3.400
2
27%
1
.—5
5
Laughlin Inc common
7% Mar
100
12%
l7/a
6%
Feb
Mfg
Low
Shares
6% July
Apr
3
1
Berghoff Brewing Corp
Binlcs Mfg Co capital
Bliss &
12'/4
July
112%
May
4%
47/a
-*
5
Corp
Aviation Corp
108
30
11.250
Jun
40
•
*
—10
common
Belmont
Bendix
Apr
6%
Jan
6%
Jan
33'A
6%
Mfg A common——5
& Seelig
Barlow
4%
750
6%
—-3
Bastian-Blessing Co common
700
2
—*-3
(Delaware)
Aviation Corp
6
40
111% 111%
12%
1
1
4
Equipment Corp common
Aro
Asbestos
Athey Truss Wheel capital
Automatic Washer common
High
14%
Feb
5%
111%
»
&
Armour
13%
40
39 y«
5%
Chalmers
Allis
Range since January 1
Low
14
14
14
'
Castings—
Mfg
D)
Modine
High
Low
par
Adams
for Week
Shares
of Prices
Sale Price
STOCKS.—
of Prices
Pa
Sales
Week's
Last
for Week
Range
Sale Frice
STOCKS—
Sales
Week's
Friday
Chicago Stock Exchange
24%
96
15
Jan
4%
5 Va
521
37/a
Jun
24% July
5% Mar
10
64%
64 V»
65%
237
5178
Jan
65 Va
—-•
31%
30%
32
278
28%
Jan
31% Mar
July
i
CHRONICLE
THE COMMERCIAL & FINANCIAL
147
OTHER STOCK EXCHANGES
;
RANGE FOR
WEEK ENDING
JULY 7
Los
Cleveland Stock Exchange
Last
STOCK8—
Par
Akron
Basic
Refrigerator
a5%
Clark Controller
Cliffs
Eaton
v.;
*
Iron preferred
83 r ev
..
.■
21
•
76
'
18%;,:
Hanna,
83
•
;
•••
a4^% a48%
Jones
&
Kelly
*
preferred
A
Jan
Jan
83
July
Bolsa
Apr
19
July
Broadway Dept Store,
36%
Feb
50
44
46
25
July
!'
104
275
31
150
20%
Cessna
Jan
Aircraft
a26%
11
:
20':
18%
18%
Jan
v
Derrick
Exeter
Oil
Farnsworth
vV
♦
Cement
Portland
Medusa
National
Nestle
Richman
River
Van
Dorn
*
Western
■■
37
—
Reserve
Motor
Sheet
Youngstown
&
0
Tube
Glidden
common
_
Ohio
York
Oil
common
_
'
ft
*
Central
—
ft
Steel
-
S
Steel
common
Corp common—
13% Mar
11 Va
1,280
9%
Jan
14 Va
64%
64%
999
52%
Jan
65 V8
100
437
47
Apr
53
688
8Va
Feb
16
150
1%
Jan
4
Jun
37
18c
18c
1,000
4c
Jan
24c
Jun
12%
13'% July
July
Lane-Wells
15%
Jan
19%
Jan
5 %
Jan
8%
Jan
50
Feb
12%
100
Jan
20
-
Feb
29
Apr
Mfg
13%
1,915
10
Jan
40c
43c
7,366
30c
Jan
44c
1
16%
16%
16%
351
15 Va
Jun
177/a
1.05
1.00
1.05
2,745
95c
Jun
IOC
10c
1,000
7c
Feb
a22
a22
500
35c
37c
1,400
a32% a33%
—1
—
Co..
13 %
10c
-
Corp'
Aircraft
Menasco
Co
43c
——1
Occidental Petroleum Corp..—*
1
Oceanic Oil Company
—1
Ltd
Corp,
Nordon
;
'■•■■'34'
■'
.
105% July
July
35
Feb
39%
18%
Jan
24% July
50%
Apr
Jun
Elec
&
Gas
Feb
548
30%
Jan
337/a
Jun
10
35%
Jan
367/a
Jun
189
30
Jan
31% July
44 %
45
717
Jan
45
5%
5%
1,000
31
31
1,900
10%
10%
10%
5,304
1
1
560
3%
3%
3%
200
a52% a52%
21
47% May
a26% a26%
25
27%
Apr
27%
Apr
5c
1,000
2C
Jan'>
5c
Mar
a44
a44
50
14%
14%
565
37/8
4%
1,790
3
1,842
7% May
Aircraft
Chain
2,132
•
1
So
Chicago Stock Exchange
Calif—-—
Oil Co of
24
31%
31%
31%
846
30 Va
30%
1,483
29%
Jan
36%
36%
36%
1,647
347/a
31%
32%
865
37%
38%
2,376
38%
McLaren
Brown,
——1
Machine
2%
Jan
9
common
Feb
Feb
8 Va
Jan
22
23%
783
18%
Apr
22% July
20 %
19%
20%
2,572
18%
Feb
20 %
%
6 Va
bOd
3%
Jan
5% May
6
6V2
12%
330
Continental
Motors
common
Anaconda
Copper Mining Co
Co (111)
&
•
1 Va
Jun
-2% July
Atchison, Topeka & Santa
Jan
15%
Aviation
i
Cleveland
Detroit
&
Detroit
Edison
Nav
common
10
Tel Co
Corp—
Viscose
12%
3% Mar
600
100
ff
/
6%
6'%
6 Va
Feb
397
8%
14%
4%
Jan
"4%
900r:
Jan
*
*■
100
——14
50
5
Baldwin
Bendix
8%
Jun
Bethlehem Steel Corp
Co
Corp
Aviation
Detroit
5
1
>—5
Iron——
Gray
Detroit-Michigan Stove common
Detroit
Steel
Federal
Corp
Mogul
Federal
Gar
Truck
Mfg
General
General
Motors
-—*
5%
3,345
20%
200
9-
;
7;
14'
——10
common—
■
V
7%*
4%
Jan
20% July
Jan
9% July
2%
Jan
3% May
7% July
3.330
740
<
-
-
4%
12
-
3%
927
52 Va
600
64V2 ' 65
2%
Jan
Mar
Jan
14
:
Goebel
Brewing
Graham-Paige
-
common——
3%
3 Va
-
——1
-—1
common—
2%
>%
37/B
•
Feb
65
Jan
4
July
May
725
1%
Feb
3%
9
166
6
Jan
9
485
19
Jan
21
27/a
•;
r
July
4% July
'
1
Jun
.
—
—
Motor
Lock
Hurd
Kresge
Wines
300
12
Feb
14
Jun
17%
17%
600
14%
Jan
17%
Jun
154
16%
1.100
Feb
16% July
;1%
16,025
Jan
13% July
4%
1
1
10
75c
65c
24%
24%
-—2
51/4
5%
'
common
Drug common
(S S) common—
LaSalle
14
1
—
common
1%
3%,
4-
4
"
865
,>V
75c
3.200
8%
50c
2% Mar
57c
May
24%
340
22%
Feb
5%
'
••
29c
1
common—
1 y
—* '
Michigan Die Casting common—:
Michigan
Sugar
common
100
4%
Jan
4
July
75c
July
Jun
25
Park
10
Corp——
Murray
Chemical
Packard
Parke,
Motor
Davis
Parker-Wol
Peninsular
Car
comihon
2
Pr
5%
i
99c '
12.025
700
1
24c
1%
65c
Jan
Jan
May
550
1%
Jan
9
Jan
2%
-2%
13%
685
3%
1.890
2% Mar
Feb
36c
Foods
13%
Jun
York
North
RR
Central
American Aviation.
Inc.
Oil
Packard
Company
Motor
Car
Co
Paramount Pictures Inc
6
540
3%
Feb
6%
Jun
:
30
395
26%
Apr
30%
Jun
Pure Oil Company
1.110
9
Jan
13%
Jun
8,600
1%
Feb
2%
July
2%
'
J
3%
Corp
400
1%
Jan
2% July
Republio
400
3
Jan
3%
1.500
27/a
3 V2
Radio
(H W)
:—2
common—
River Raisin Paper comihon
Scotten-Dillon
Sheller
Mfg
Standard
common
Tube
Tivoli Brewery
common
3%
Jan
4% July
—1
,
2%
:
>
5%
37/a
-
.
518
9%
Apr
400
11%
5%
3%
1
common
,
4%
11%
;
1
1
common
"B"
4%
•
—10
common
Simplicity Pattern
3%
3%
Jan
800
2% Mar
Jun
Steel
United. Shirt
U
S Radiator
Universal
Class
Warner
Dist
common
•
>5%
5
4%
"
34%
2% July
Standard
Jan
3% July
Stone
2.610
2%
Jan
6
4% Mar
2%
Jan
July
5% July
4% July'
11%
11%
-11%
1.000
6%
Jan
3%
3%
3%
1.600
1%
Jan
4
Jun
1
common
For footnotes see page
\
-4%
1%
1%
1.750
Jan
1%
Jun
4%
47/a
1.825
Jan
4% July
98c
3%
12%
151.
1
0
*
*
Corp
&
Oil
"
""7
Jun
Swift
&
Co
Co
(N
J)
Webster Inc.-
Corp
_
Company—w
Texas Corp
Jun
Apr
38 y4
100
45%
Jan
52
450
4%
Feb
5
Feb
17%
55
14%
Feb
18
Jun
1
%
1
5,350
%
Feb
8 Va
8%
420
5%
a32
a32%
a33
176
5%
5%
260
16%
16%
25
a5%
a5%
50
38%
39
692
35%
42%
145
40% May
July
42% July
43
53
Jun
3
Jun
4%
—
v
—
37%
a52% a52%
a
.
17%
a
Jun
Jun
%
Jan
Jan
8%
Jun
:30% Mar
32%
Jun
6%
Jan
4%
16
Jun
May
Jan
17
.
39
42%
4
Apr
Feb
4%
Feb
39
a52% a52%
10
2%
1,730
1%
Feb
a35% a36y8
105
28 y4
Jan
9%
122
6%
Jan
a31% a32 V\
--
165
25%
Apr
31%
Jun
Jun
2%
27/8
—1
--
9%
9%
Mar
35%
Jun
9% July
18% al8%
25
12
Jan
19%
32%
32%
549
30%
Feb
32% July
8
8%
2,410
6%
Apr
8% July
a24%
a25
160
23
Jan
23
Jan
a47
a47
30
42
Apr
48%
Jun
18%
19%
1,690
20% Mar
9%
a
--
8'%
*
1
—10
*
*
1
19'%
9y2
al8V2
al9y8
~50
—25
a30£
15%
Jan
9%
420
7%
Jun
al8% al8y2
87
16 V2
Jan
18 V2
al9ya al9%
75
18
Apr
19 % Mar
5%
a28%
6
24 y4
49 Va
49 Va
17%
17%
3%
Jan
9% July
6%
Jun
Jun
25 Va May
30
266
26%
Jan
30%
288
20 y2
Feb
220
41
24% July
49 % July
62
a31
24%
•
*
•
1,435
a30y8 a30%
■;*.
190
15%
May
Feb
1
18
May
Jun
Mar
11%
11%
11%
1,763
8%
Apr
11% July
21
20
21'/4
1,849
16%
Apr
21% July
—*
m
a23%
a23%
a23%
a23%
a24
24%
Feb
24%
97%
13%
97%
14
330
88 y2
Mar
97% July
416
12
Feb
14
a26% a26%
3iy2 31V2
Jan
27% Mar
(The)
—
15
—
—
—
—,
25
*
1
25
25.
__
__
—
Gulf Sulphur Co
*
a48%
a36y8
—
,
95
20
22 V4
Feb
July
31% July
403'
29 %
Apr
33 V4
430
32%
Mar
a57% a57%
all% allVb
63
53% Mar
50
8 % May
19 V\ 197/b
a30% a30%
a48% a48%
635
13%
Apr
19% July
75
27%
Jan
31%
Feb
88
46%
33 y4
a33% a36V8
Tide Water Associated Oil Co
10
15% 15%
Union Carbide & Carbon COip
*
a8i%
a80% a81%
Union Pacific Railroad Company—100 alliy8 al09% alliy8
United Air Lines Transport
5
__
a29% a30y2
Texas
14%
5
37%
a52%
—25
*
Wayne Screw Products common....■4
65
—*
*
1 % May
Jun
July
120
Inc—
2%
400
65
30 y8 Mar
(Ind)
1,000
1.300
41%
Apr
36% May
Oil
4.200
5%..
18 y4 Mar
Jan
57%
Mar
Brands
2%
4%
Apr
34%
36% May
Standard
*
class A
B
Aircraft
51/4
—1
common
Cooler
5V2
15%
10
30
Standard
Studebaker
1
Udylite
49
70
Jan
6
"
July
July
40
Jun
5%
5
21% Mar
a40% a40%
3% July
12
69 %
a33% a33%
Roebuck 6z Co
Socony-Vacuum Oil Co
Southern
Railway Co
Sears,
3%
2%
3%-
Feb
*
of America
Seaboard Oil Company of Del
Rickel
3% May
19%
a40% a40 %
Co—
5.%"
3% July
2%
1
Railway
Pennsylvania Railroad Co
Phelps Dodge Corporation—:
Pullman Incorporated
2
Jan
—■-
Ohio
July
12% >13 %
2%
56
13% May
Corp
1
2% July
30"
>;.
265
50
Corp
North American Company—
30'
•
69'/a
4%
Feb
July
6% Juiy
65
(B F) Co
3% July
13 %
*
common
' 3%
3%
•
—1
common
7,400'
*
13%
2%
:
—.*
common
Prudential Invest
-
common——;——1
Co
common.—
Mtl
1;'
■
69%
al7% al7%
& Light Corp
Northern
Great
New
32c
Apr
5% Mar-
- V
2%
3%
common...——50c
Mid-West Abrasive
1$-.-
29c,
5
al7%
General Electric Company
'
McClanahan Oil
1,230
322
May
20
17 y4
*
560
6%
2,031
—
Electric Power
General
28
28
6%
5
Apr
Jun
Jan
27%
a21 a21%
12% July
37%
160
43%
6%
*
Interlake Iron Corp
—*
Int'l Nickel Co of Canada———
*
International Tel & Tel
—*
Kennecott Copper Corp
"
Libby, McNeill & Llbby
7
McKesson
Robbins Inc.—
18
Montgomery Ward & Co Inc—
*
13%
common—
24%
May
Feb
27%
4%
Graham-Paige Motors
201
common
Car
Mfg
Products
Kingston
Kinsel
&
42%
a21%
July
13%
-
Hudson
20
6% July
10c
5
—100
Corp
Class A
Goodrich
5
Hoover Ball & Bearing common—10
Hoskins Mfg common.
—*—2%
Houdaille-Hershey B
*
Lamp -common
a48 Va a48%
a48%
,
-
Hall
Feb
Jan
Tractor Co
*
Columbia Gas & Elec Corp———*
Commercial Solvents Corp
-*
Commonwealth & Southern Corp
*
Continental Motors Corp
1
Continental Oil Company (Del)
5
Curtiss-Wright Corp
—1
'
6'% May
5
(J I) Co—
Case
Jan
36%
156%
Caterpillar
July
July
al4% al4%
Co
Borg-Warner
Jun
5% July
5%
105
-14
4%
18%
1%
12
1.341
3%
7
4%
r
Jan
11% July
Jun
10'%
145
Airplane Co
Borden
Jun
13 % May
'
15
Boeing
6% Mar
21
250
9%
3Va
14
;
.
3%
1.410
11%
__
—1
common—-
Jan
51/2
20j/2
1
3
common.—
B—
class
Finance
common—
Jan
3.725
-;
18%
75c
11%
n%
common———*
Brewing
Wood Industries
Gemmer
__
__-■
—5
common.'—.
Motor
Frankenmuth
common
2,522
20Va 21
"iVa-: ,1%
20%
■'
•9
10
518
—13
-5
—5
*
Locomotive Works vtc
Jan
Jun
Jan
a42% a42%
a42 %
3
'
20
common
6c
al63% al62% al64%
Fe Ry—100
Corporation
16%
-•,.4
7% July
5Va
12%
615
37/a
38% July
22%
Sani Corp—
Refining Co
Stan
&
Smelting &
12.670
16
Feb
Stocks—
2 Va
16
16
-
35%
13 Va
515
15%
3'%
—10
.
1,000
Barnsdall Oil
Paper
32% July
100
10c
2
__12%c
Consolidated
Jan
5,002
6%
Armour
Jun
Jun
24%
1,460
10c
American
Jun
Feb
367/a
7%
6%
American Tel &
July
Feb
Jan
10%
10
15
2Va
*
Burry Biscuit common....
Jan
1.100
9
1 %
6%
Jan
31%
*V
13%
10c
American
300
2'/a
-
:
1
common
Burroughs Adding
2
i
common
July
May
32%
Apr
7%
Mining Co
Rad
Amer
Range since January 1
Low
High
4 Va
24'/a
22%
10 y4
Mammoth Cons Mng Co
Unlisted
Shares
14% July
13%
Mining Stocks—
Black
High
Mar
.•
10
Apr
30%
Jun
V;'/'
Alaska Juneau Gold
Sales
48
Jan
23 7%
Jan
51%
Jan
24
7%
for Week
10%
-•
Jan
9%
10%
Exchange
41
9%
1
*
_
4V8
Jan
10
-•—>—2
Transcontinental & West Air, Inc.—5
Union Oil of California
——25
Yosemite Portland Cement pfd
10
Taylor Milling Corporation
Transamerica
Corporation
1.00 Mar
Feb
3 Va
■
10% July
Feb
50c
25
*
*
Pacific Co—
Oil Corp
Sunray
Jan
May
25
25
preferred class B
preferred C
Calif Gas Co 6% pfd "A"—
Standard
DETROIT
7
33
8%
.
Jun
Apr
May
5%
28
25
6%
Southern
4%
40%
"
Co, Ltd-—-
5%%
New York Curb Associate
5c
*
Company
Stores
a26%
15
:—25c
Calif Edison Co Ltd-
Southern
•
*
Trading Corporation
Sontag
5%
1
.
;//•;• U
common
Jan
Jan
31%
f-
Ryan Aeronautical Co
Safeway Stores, Inc
Shell Union Oil Corporation
67% July
Telephone: Randolph 5530
Electric
Jan
30
48c
May
31%
*
Oil Corp common
Warrants
July
25C
a367% a367/e
a32%
common
1st preferred
—
if
Allen
Feb
14c
'
Jun
20
Mar
1.25 Mar
42% July
37
v
Baldwin Rubber
Jun
1
Company
Petroleum
Lockheed
7% Mar
10c
Co
Oil
July
261
•
May
187
16
f
of Prices
July
3%
Members
Low
14 Va
51%
Richfield
Sale Price
Jan
3%
WATLING, lERCHEN & CO.
STOCKS—
Jun
10 Va July
Jan
7%
15%
21
Range ;-
Apr
Jan
51%
315 ~
Week's
•
.
"
10
20%
!-
30
.
14 %
Apr
Last
37
300
14
10%
Feb
Friday
Mar
30
13%
16
Delroii Stock
11% May
Jan
8%
170
30
13 Vs
'
15
225
.■?
Jan
10%
17%
-
55% July
12
13%
9% July
Ford Building
55% July
948
*
—
Signal Oil & Gas Co "A"
Oil Corporation
Detroit Stock Exchange
125
12%
11 Va
__
20% Mar
)i
Jun
*
Co
&
Sinclair
•:
10
10
55%
__
Solar
«
Jan
9%
51%
Sierra
New York Stock Exchange
7%
—10
Corp
Jan
"
1,300
Jun
13% July
12%
.
Jan
a59% a63
common
Jun
84% May
1
'
U
24%
13%'.
>
6%
al9%
Jan
.
1
15%
19:
Jan
20%
-
.
10
18% al9
9%
465
•
275
al9% a21%
common—
2,230
24
11 Va
1
-
Radio
50
a
common
common
Republic
75
13%
55%
5
Co
"A"
95%
a96
13
10.
&
Jun
4%
237/8
12%
300
a
195
*
a9%
a9%
....W
4%
Mar
9% May
,
24
—25
.—25
5% 1st preferred
—25
Pacific Lighting Corp common
*
Republic Petroleum 5%% preferred—50
Rice Ranch Oil Company
.1
.V".,
_
Jun
73
13%
a24% a24%
..
*'•*
Iron
Jan
30 %
Jan
"
■6%
Co
Interlake
New
16%
Feb
45
Hancock Oil Co "A" common——:
4 '/4
175
a37%a39%
Feb
25%
50
Hupp Motor Car Corp
Pacific
ft
15%
25
69
Hudson Motor Car Co—*
Unlisted—
General Electric common
520
69
Feb
Jun
26
16%
a30Vs a30l/a
—
Jan
3%
'
>
.
42%
42%
—
..
'
•
105% 105%.
a28% a28%
—
16 Va
Jun
Jun
Jade
:'.!k"
July
9
990
'7%
2.00
32% •Jan
-
12%
Jan
■
2
18%
Jan'
Lincoln
1%
Jun
1.30
2,470
Jun
Apr
1.200
>:
18
2.45
2.00
•
...
Equipment
McBean
Gladding,
Jan
Jan
>
604
4%
&
Television
Paint
General
540
::
37
12%
.V
Stores——
Inv Corp pfd ill .100
105%
4% Mar
1.80
761
17
1%
100
17%'
;; \;
L
Jun
21%
Jan
1%
V.
High
6%
13%
707
•:|%
17%
;
2
8%
38
y
4%
Works.
Iron
Weinberger Drug
White
V
Paper
Tool
Vlchek
—
—
Bros
Rasin
•
#
A
3%
150
1%
8%
■
class
LeMur
15% Mar
207
4
17% al8%
a
-■jy
2'
a
Tile
3%
4
250
21%
21
*
Jan
69
Corp..
Company Ltd
Motors
General
Metropolitan Paving Brick
National Acme ..-sL——I- X.-1
Products
Emsco
7/a
2.40
America
Electrical
Jun
1,500
2.30
«
Douglas Aircraft Co. Inc
Jan
Jun
Jan
a94 %
Apr
Jun
12 Va
1.85
*
Jun
18%
'
Feo
40
Co
23
26%
Mar
17
325
of
Jun
17% al7%
2.40
*
Creameries
Va
6Va
4%
__
Consolidated Steel Corp
.vl3%
Jan
20%
90
V
13%
13%
:
4
Jan
1%
Corporation
Chrysler
Jan
4%
1%
Corp.
34%
Jun
Leland Electric
Jun
2
1,350
1
Inc, com—_
Corp common.
Packing
104%
Feb
20%
*
50
"46 -■ July
Jun
102%
10
t
33%
_
Jun
Corporation
Investment
Central
665
5%
1%
2
—
Preferred
a2^
Laughlin
r
a
>
Corporation
Oil
Chica
49
-
43% May
33
33%
'
Blue Diamond
50
Jun
2d%
Island Lime & Tr_
July
4%
5Va
*
Berkey & Gay Furniture Co
22
41
-
4%
5%
common
Jan
44
10^
.
—
Corp
Low
High
Corp
25 %
44
Machine
Bros
Range since January 1
Low
Company
Jan
46
S.'
y.lJ
Barker
California
31
46
Steamship _s
July
Petroleum
13%
3.122
-19
18
75
Cooperage class A
M
Interlake
Jaeger
65
Accessories
Bandini
63
'
'
Bros
•»
July
Aircraft
18%
175
1,085
a49% a49%
-100
Lakes Towing
Great
Greif
Apr
6% July
5% Jan
Shares
of Prices
Par
14%
r
•
Rubber:
&
■
*
Manufacturing
Goodyear Tire
4%
64
289
25
2i
•
common—L—
Corp
.
"
1=
-
Cliffs
Cleveland
75
25
Feb
5%
25
65
*
Fuel.i.-.--.——i—1-1-
City Ice &
a5%
64
-100
■
78
Sales
for Week
Range
Sale Price
STOCKS—
High
Low
6%
f
Range since January 1
High
■j-:: e%
—
——i,
Oil
Canfield
-50
Manufacturing
Brass
Low
Last
Shares
of Prices
Week's
Friday
for Week
Range
Sale Price
Angeles Slock Exchange
Sales
Week's
Friday
34%
Jun
55% May
10%
Jun
Apr
46%
Feb
33% May
35%
Jun
260
13%
15% July
40
78%
75
51
75
Jan
Feb
108 Va May
22%
Apr
78 %
Feb
108 Va May
29%
Jun
148
THE COMMERCIAL &
A
Monday, July 10, 1944
FINANCIAL CHRONICLE
other stock exchanges
FOR
RANGE
Shares
Corp
Inc
Telegraph Co—
Pictures,
Bros
Warner
Western Union
Westinghouse
2
July
Duquesne
2
2,541
1 Va May
1,436
62 Va July
26%
Jun
14
14
100
50% May
11% Apr
48%
48'/a
542
42%
Feb
al05
al05
93
Feb
99 Va
17%
19%
a41%
a42
10
12
.
19% July
39% Mar
National
Corp
Forgings
Pittsburgh
Pittsburgh Plate Glass
& Bolt Corp
of Prices
®ale Frice
STOCKS—
Par
—
■<:
17
Tel & Tel
*0®
Baldwin Locomotive Works vtc—.—13 >
21V2
Barber Asphalt Corp
10
Budd (E G) Mfg Co common
—*
11 %
Budd Wheel Co.
"10
19%
23%
preferred
Prior
13%
Light (wd)
10
—10
Engine Co——-—1
Motors
Aircraft
Jacobs
Valley
Valley RR
Lehigh
Lehigh
175
3%
6%
6%
6%
7
Co common
preferred —
common
Paper
Oil
Corp
417/b
Coal
Westmoreland
4%
Jan
5%
Apr
7
'
Jan
4Va
Jan
r?r>% jii'v
161V2 May
168% July
4.107
id '/a May
1.982
23%
Jan
25%
1.055
28%
Jun
34%
3ota
26
25%
291/2
35VB
125
2oya
Jan
17%
18%
215
16
Jan
37%
38 Va
65
-
32%
Jun
Feb
5%
Feb
Jan
38 Va
Jan
53%
Jun
60Va
U May
11
11/2
759
1%
1%
2.958
-
36%
27 V4
Jan
1
2%
Jun
Jun
Jan
15
Feb
28 Va
Range
*
International Shoe
common—*
*
Natural Gas Co
Arkansas
Co
Blaw-Knox
Byers
(AM)
Clark
(D
3%
common
29
Jun
50
Jan
16,
11V4
110
16
280
*
*
Columbia Gas &
10%
15%
8V4
8%
8V4
600
7%
Jan
9
4%
4%
5
498
3%
Jun
44
75
6%
Last
Sale Price
STOCKS—
-
;.
:- v :
FOR
*
-100
preferred
and Oil Co —:
6%
Acme Gas
*
AJax Oil & Gas
Alberta Pacific Consolidated
1
Copper
*
Aldermac
Steel
Algoma
Corp
Ltd
Aluminium
5%
13c
9%
1 Va
200
1%
39%
39%
1 8%
7%
24c
22 %C
24c
16,625
*
12 Va
12 Va
13
270
—•
pfd._100
94
*
69c
6.75
Mines
Gold
Aquarius
1
—
1
Mines Ltd
Area
Gold
Arjon
Mines.
1
:
Ashley Gold Mining
Astoria Quebec Mines
——1
*
1
1
Aumaque Gold Mines
Gold Mines
Bank
of
of
Nova
Bank
of
Bear
Mining
15
Jun
17
Jan
44
Mar
11
Jan
16
July
100
106
Jan
___—
108% 108%
9%
common.——1
61
&
*
A
18c
15 Va
1
2.68
__.l
Radium
2.20
35c
76c
Feb
28c
3.20
ENDING
25-year conv inc.—1964
Serv
-
18 %c
58c
Range
Bidgood Kirkland
•
7%c
7c
8%c
•
20
19
20
*
4%C
4c
4%C
5,500
9
11
10%
11
185
Products Ltd
4
9%
1,645
Class
30 %
*
common
100
Malting
!
Canada
Wire
&
Canadian
Feb
s.
—
"
1
14%c
9
85
8%
7
*
9
8%
17c
61
7
10%c
'
25c
196,355
8,256
May
1st
May
preferred
Canadian
New
Car &
Mar
Canadian
Celanese
Canadian
Dredge
16% Mar
Canadian
Food
2.89 July
Canadian
Industrial Alcohol
236
2.45
31
Apr
Canadian
common—
:
10
17c
28 %c
Jan
12% July
24%
22Va
23
1,705
21
Mar
26%
27
160
22
Jan
21%
22
295
19% May
—
•
Dominion Oil
Porcupine Mines, Ltd
For footnotes see
—
page 151.
1.24
1.13
1.26
50,098
69c
Jan
\
84c
80c
85c
34,200
70c
Mar
-
Central
Apr
Apr
•
67% Mar
Feb
96
Jun
134
81
128
Apr
136
Mar
8'A
2,145
5
Jan
8% Mar
44
165
40%
Jan
45
14
14%
950
8%
Jan
14%
22 Va
Jan
24
Mar
12
Jan
18
July
8
Apr
23%
70
17
18
870
10%
9%
27
26%
27
655
43
44
585
19%
20
59
— —
60
Mar
Jun
Quartz Mining—
Jan
28
35%
Jan
45
65
15
Jan
20
60
95
44
Mar
61
2,865
Jun
,
Patricia
Gold
80c
100
12%
*
Central Porcupine Mines
1
Chateau
*
Garden
Wines—
Research Corp
;
6% July
5% July
Jan
Jun
,
6%
5%
100
64%
70
295
80c
83c
2,950
20
20
5
142
68
12%
13
7,872
10%
Jan
13
July
20
25
18%
Feb
20
May
1.65
1.80
1,900
1.05
1.80
1.09
3,300
2.33
2.25
2.47
31,850
15c
16C
20,500
14 %C
4
4
45
24 %C
4
28c
2.900
27
60c
70
Jan
123
Feb
1.62
21c
4%
3% May
48c
Jan
Chemical
Jun
Chesterville Larder Lake Gold Mines—1
1.30
1.25
1.35
15,300
1.18
24Va
Jan
Chromium
Mining & Smelting.
•
1.75
1.65
2.16
48,170
1.26 Mar
1.40 May
Cochenour
Willans
1
2.17
1.95
2.24
126,933
1.57
Jun
•
13
12%
13
705
11%
Jan
Jan
Cockshutt
Plow
Co
Gold
1
Mines
Feb
2,50 Jun
Jan
Jun
Jan
1.15
Mar
27
Jun
1.90
8%c Jan
17c
Jun
Jan
142
1.50 May
90c
July
85c
21%
Mar
18% May
23%
93c
Jun
20
•
1
Jun
Jun
.
141
68
l
Mines
5 Va
5%
Mar
5%
5%
*
1
10% July
24%
'
5%
6%
9
25
Boxes
860
July
11%
common—I*
Gold
Ry
Castle Trethewey Mines
Feb
21%
class A
Cariboo
Mar
Jun
2,570
Columbia Power
;
Pacific
4,155
British
Jun
,"-91
10%
——
1
Wirebound
12%
•
_i
Canadian
24%
Oil
60
5
17
common
Canadian
24
22 %
Packers
Oils
Jan
23c
American
15
23%
*
•
Jun
12%
Columbia
36% Jun
Jan
457
43%
14%
•
A
Locomotive
Preferred
1.50 July
25c
British
b
July
12% Mar
65%
7%
43%
•
—
Co
1
67c
12%
British
Jun
101
Jan
133
8
•
& Dock
Products.
Class "B"
Jan
24%
1
Ltd
Jun
8%
95%
•
25
Foundry common
preferred
24 %c July
•
Mines,
31%
Feb
50
Jan
36%
♦
preferred
11
Feb
9%
Jun
22
,
65%
20
Jan
6 Vac Mar
20c
922
Jun
115
95%
133
*
100
12
43%
Jun
'
May
July
65%
101
36
36%
•
common
Canadian
9 %
Jan
•
Canners
Canadian Malartic Gold Mines
60c
90
12
100
Preferred
4.40 July
Jun
30c
100
11%
100
1.04 May
Jan
25
Apr
—»
*
common—
22
18,083
8
Commerce
157
61,480
100
48%
preferred-'——100
of
Feb
11
90
8%
Breweries
Apr
40c
48%
8%
Bank
15
1.50
48%
Canadian
151
11
Jan
9%
May
Canadian
175
36c J
Feb
6%
112
May
18
;
350
85c
103
•
"A"
class
Cable
24
__
10
,50
*
common
Preferred
Apr
May
115
19Vt
50
Steamship Lines
156
37c
25c
6% Jan
115
19%
*
Canada Packers
.Canada
9
9Va
•
Northern Power
30
1.35
July
2.24 Mar
Jun
May
*
"A"
class
153
i
Jan
1.70
18c
100
Foundry
Canada
„
•
common
Preferred
Canada
Jan
Jan
preferred
"A"
Canada Cement
Jun
Jun
21%
Jun
July
.
26
Jun
158
185
11
Va May
245
Jan
24%
110
July
Feb
Jan
July
-
5c
8% May
5
May
1.70 Mar
Jan
25
1st
Jun
9c
24c
36c
3c
20
Jan
111
Mills
Oils, Ltd
31 %c July
•
Apr
13%
15 %
Jun
9%
5%c Mar
635 1
5%
229
100 'v
5.25
Jan
111
148
323,203
8%c Feb
3.55
5%
3
420,345
1,150
24,500
Canada Bread
51
2.30
Mines
Steel
High
4%c Apr
3,500
Jun
July
Brazilian Traction Light & Pwr com—•,
Broulan
Canadian Gold Mines
23%
—
Bobjo Mines Ltd
Bonetal Gold Mines
British
5.00
156
Hats
Blue Ribbon Corp common
Bralorne
7c
4.80
23%
5
1
Gold
Low
7c
5.00
60
150
149,175
Range Since January 1
High
*
30%
1
Bertram & Sons
Low
•
Gold
*
Berens River
Shares
Mines
Corp
100
class A
B
Bell Telephone of Canada
for Week
of Prices
Ankerite
Oil
*
Beatty, Bros,
Sales
Week's
Sale Price
Bakeries
12c
Jan
May
7
Canadian
23c
May
Apr
2,200
May
May
Jan
10c
66 Va
2,700
6.75 Mar
iiV2C
230
Jun
60 Va May
$3,900
7c
Conv
8
12%
26
1.10 May
Jan
Feb
25c
34% c July
Apr
July
9
200
2.00
Jan
Jan
July
12
23c
230
2.06
61
12
Jan
'
13
5.75 May
Jan
•
11 Va
10
9%
55
1.85
Jan
8%c
75,300
•
12
108 Va July
Jun
10
65
12
12
Mar
9% May
14
12
11 Va
1
10
'
common
9%
12
"
common..
Aluminum
Caldwell Linen
Jun
IOV2C May
Apr
32
15%
25%
150
234
15c24%c
15 Va 15 %
2.10
2.89
231
15% July
23c
229
234
20% July
2.00
99
4%c
18c
—
Apr
20%
•
100
1,100
14,233
15c
16
12% May
20
1
Jan
151.300
6c
6c
26c3l%c
81c
90c
240
150;; i
Calgary & Edmonton Corp Ltd
Jan
3,200
17,200
8% July
Apr
18
17%
Calmont
96
42,100
5
Jun
16% May
17
Feb'
88
40c
37c
5,100
—
25c
26c 34 Vac
llVac 13%c
22,655
150
Apr
8% Mar
17c
17c
17c
15c
55c
39% July
July
14c
58 %c
15
Jan
50
Burlington
May
Jun
1,000
90c
90c
3.143
Jan
35%
385
Steel
Canada
4.40
*
class
Exploration
Biltmore
1,010
16c
100
—
Beattie Gold Mines Ltd
Class
5,900
3.95
100
Scotia
Power
72c
6.75
69c
6.50
17c
—100
Toronto
Bathurst
175
4.15
1
Montreal
Bank
Metals
6c
27%c >
82c
170
100
1
Mines
Bankfield Cons Mines—
Base
12c
.
1
Aunor
Bagamac
27c
37c
Gold
Armistice
94
91%
Jun
Jan
7
327
8%
1%
45c
713
39%
Jan
215
Bunker Hill Extension
1.79 Mar
10c
.
6%
16
Building
Jun
14c
Jan
12
300
15
15
•
8'/a
100
markets
38
/ Apr
1.10
500
99 Va
3%
7%c Jan
13c
Ltd
Huronian
27
4.000
20,800
1
July
50
9%
15%
JULY
High
Apr
6,025
.
1.70
Anglo Canadian Oil
Anglo
2%
3,555
38
34
14
16% July
9% July
14
16%
Buffalo
Low
8V2C 10 %c
Jan
Jan
20
16%
17
listed
Range since January 1
Shares
3%
July
20
Par
High
2%
20
Buffalo
1.55
common
common
of Canada
Co.
Aluminum
3 Va
38
8%c
1.65
>
100
Jan
14
*
*
*
100
common
WEEK
for Week
Low
Par
■ ■
common.,
Jun
18
16%
STOCKS—
"
Abitibl Power & Power
26
40
preferred
Brown
Range
6
Feb
5'A
17
St L Pub
Sales
of Prices
Apr
23
40
Exchange
W'eek's
10
10
Bonds—
Canadian Funds
Friday
6%
25%
20
Last
' •;
Jan
25%
Friday
yV.%1? :-':.VVV
40
July
canadian
Toronto Stock
July
Va July
44
15%
Dry Goods common
Mar
RANGE
July
44
3
44
40
Cement
Metals
common
Stix, Baer & Fuller common
5% Mar
13
July
3
15%
Candy
Sterling
11V4 July
Jan
7%
10%
15 Va
50
common__25
Bearing
Scullin
i."7July
4
*
,
Candy
Electric common
L)
Apr
2% May
24%
Apr
2Va Mar
20%
Portland
2nd
Jan
46%
10
Piping & Supply common—*
St, Louis Pub Serv "A"
High
6%
80
common
National
Range since January 1
35
3%
com
8% July
150
100
•
Prod
Missouri
Low
29
8%
3
—5
common
Clay
Rice-Stix
Shares
High
50
100
Preferred
Midwest
High
28%
■
Range since January 1
Low
High
Shares
3
Hydraulic Pressed Brick common—100
July
for Week
of Prices
49%
1
*
National
Last
Low
.4
common—
Hussmann-Ligonier common
Sales
Low
*
593
for Week
of Prices
8%
9
common.—
Electric
Emerson
Falstaff Brewing common
Jun
14 Va
22%
Week's
Sale Price
>.;
Sales
Range
10
—1
Co
Bottling common—
Dr Pepper
36% July
300
Friday
Par
<
Exchange
Week's
*
common..
Electric
Century
1% July
Apr
1
132
•
Phone
-
V
/
.*
50
3
:_4-
Equipt common
Shoe
Coca-Cola
Jan
1 % Mar
31%
6.455
14%
28'/a
-
-
Jan
,«
504
1%
1%
14%
27'/4
/
■
CEntral 7600
1
common.
preferred
Brown
1^ Jun
Mar
Inc
Bank Bldg
Pittsburgh Slock Exchange
Steel—
July.
Missouri
Bell Teletype SL
:
Par vv.v:.-,V/'. •;
American
10V4 July
80
1,725
TjT
36V4
V
•
Last-.;;
Sale Price
STOCKS—
38 Va May
■127
:
Us
:
Friday
Feb
43
42 Va
58%
:
St. Louis Stock
Feh
Mar
20
Jan
8%
25
IOV4
41%
56%
'
Jau
McQuay-Norris
Ludlum
26
■
New York Curb Exchange Associate
.
■>
•
.
Associate Member Chicago Mercantile Exchange
Laclede-Christy
Allegheny
Jun
5% Mar
Jun
40
1%
STOCKS—
Jun
9c
Established 1871
Jun
5%
1%
1%
*
13 %
20
issued
When
600
t7<?
$3
546
26
1.00
65c May
2c
Jan
3Vs Jan
21% Apr
875
Chicago Board of Trade
Chicago Stock Excb.
2% July
7% Mar
-176
•.
St. Louis Stock Exchange
10% May
'
2.350
1
36%
preferred
United Gas Improvement
Jan
'
;
common
*
100
23.200
New York Stock Exchange
—
—25
25
Preferred
Feb
8%
341/4
*
.
Members
July
3% July
1.913
IOV4
—
—
Tonopah Mining —
Transit Invest Corp common
United
-
25'A
■
North 4th St., St. Louis 2,
300
65 V2
1% Mar
.
1
Salt Dome Oil Corp
Scott
3
28%
.
j.
Jun
Feb
24%
29%
35 Va
18%
;
5%
6% July
Jun
5%
19%
A
15 ¥4
43%
20Vs
167
25 Vb
-3
50
50
——
80c./.
' 9c
8c
5%
Jun
121
Edward D. Jones & Co.
Jun
30%
29%
/a
Jun
51% July
168%
5%
5%
20
80c
.
15 Va July
12%
Jan
95
4% Feb
208
70
" 6%
6%
Jun
'IV2 Jun
Jan
40
.
6%
8%
Jan
Jan
St. Louis Listed and Unlisted Securities
Jun
9%
Apr
51%
1.595
v:;:«
50
30
11
Apr
39Va
200
2 Va
jj®
'
15Va
15Va
,V 114 V4 116%
__
6%
50c
330
Jan
i 98
131/2 May
1.160
10 V2
—
l¥af
iy8
'
3%
Reading
Sun
40%
538
65%
-
1.828
6%
—
Corporation
15 %
43%
64%
Salt
Philco
1st
14%
2%
Manufacturing
50
Philadelphia Electric Co common
•
$1
preference common
——
Phila Elec Pow 8% pfd
25
8Va
v
Feb
9V2 July
Jun
11% July
Mar
5
86
261/4
r
Jan
78%
732
42%
4
Pennsylvania RR
9%
51%
"w>
Apr
7%
279-
10%
Pennroad Corp
Penna
Jan
11
9
0 \
„
Light
National Power &
Apr
5%
*
10%
——-* V 2 Va
Navigation
Coal
Lehigh Coal &
21%
96%
50%
14%
43 %
64%
Storage Battery
Electric
General
21% Mar
2.260
11V4
...
,—
—~—
Delaware Power &
992
7%
Jun
17
V;
164% July
94%
9%
common
Pub Co
Curtis
J
Jan
10
95%
Jan
Apr
237/a
10%
14%
18-
156
737
450
21%
_
®
---
V
1-9c
—1
•
26
,
Brake
Westinghouse Air
492
162% 164%
American
Chrysler Corp
" 8%
58
May
18% July
Range since January 1
'•
Low
High
Shares
High
Low
;
;
56
16
104
Jan
*
15%
American Stores
102 %
9Va
Apr
101
Jun
for Week
Range
Last
'
■
Toy Mining—
Shamrock Oil & Gas common
San
Sales
Week's
Friday
'■
9
—1'
Co
Renner
Philadelphia Stock Exchange
''
102
91/2
*—10
*
—1
—25
—*
Fuel Supply-
Fireproofing
Pitts Screw
'
102 V2
10
Feb
15%
50
19%
Jan
14%
245
100
Gas
Mountain
Jan
37
117
16
ir%
18%
High
16%
170
16
__
19V2
1
Range Since January
Low
191/2
Jun
Feb
6V4
1,797
! :;
Star
Lone
Shares
.•_*
Refractories—
Koppers Co preferred—
Mar
14
for Week
__
5
Brewing
Walker
Harbison
48V2 July
18%
——*
10
Devonian Oil
62 Vb
14
50
& Mfg Co.
Elec
Willys-Overland Motors Inc
Woolworth Company CP W)
July
172
1%
1%
*
*
5
100
(Del)
United States Steel Corp
29
29
59 Va
5
Corp
Aircraft
United
Par
High
Low
High
29
Range
of Prices
Low
High
•
Sale Price
STOCKS—
1
Range Since January
Sales
Week's
Last
for Week
Low
Par
United
Friday
Range
of Prices
Last
STOCKS—
7
ENDING JULY
Sales
Week's
Friday
Sale Price
WEEK
1.72
Jun
/
,
May
Jan
Mar
Feb
2.00 Jun,
2.24 July
13% Jun
Volume
THE
Number 4297
160
COMMERCIAL & FINANCIAL CHRONICLE
149
LISTED MARKETS
CANADIAN
RANGE FOR
JULY
WEEK ENDING
.,o
7
'
Friday
Range
Sale Price
STOCKS—
1
Lake
Coin
Preferred
Commonwealth Petroleum
—
National Ltd.
Coniagas Mines
5
Consolidated
Mining
Smelting——5
&
100
..1
(Toronto)
Consumers Gas
Conwest Exploration
1.55
16
2.65
90
23%
36'A
37
93,026
55
2,530
94
67,200
15
275
40
—
23%
—
51
134
I6V2C
;
18c
95c
1.05
—
3%c
4c
Corp—Seagrams common—*
Dome Mines Ltd
—-—*
38
38
38 "A
Nickel
Deiiison
Mines
,.
Dominion
—
28 'A
162
135
12
class A!
Electric
English
"B"
Class
—
Federal
Grain
Mining
Class
;
B
Co
Foundation
5 %
5
4
37/8
9%
9'4
88'A
88'A
15'A
15
15%
Ltd
Mines
Mining
*
Eagle
Golden
—1
50c
1
1
1
...
Mines
Mining
Gate
Goodfish
Co
Ltd.—!
Preferred
5c
vtc
Jan
Feb
53%
53%
54
90
52'A Mar
56'A
Apr
Gypsum
Lime
&
Gold
Harker Gold
...
Co
23
23'A
469
19'A
7%
25
5%
—
47
47
25
12'A
12'A
13
125
Class
1
1
20%
Mines
3.30
•
—*
Metals
International
Co
Nickel
of
International
Utilities
Can
Island
Mines
Mining
Co—
Jellicoe
M
;
.
Mines
;
Consolidated Gold
Kelvinator
-
Mines
Canada—.—L——
Keri-Addison-Gold Mines
—
Kirkland
Hudson
Kirkland
Lake
Bay Mines
Townsite
Mining
Shore
& Exploration
Lamaque
Gold
Mines
Cadillac Gold Mines—
Laura Becord, Candy—
-
Lebel
Oro
Mines,
TiOblaw
Groceterias
'
Mines,
Malartic
Red
Lake
Gold
Gold
Mines——
Fields.,.
Manitoba & Eastern Mines
Fr>r foot^ote^
see
page. 151.
Apr
6'Ac
-
41c
Jun
80c
1.04
1.20
102,900
15c
15c
500
3.10
2.25
19%
6.20
90
3.15
2,25
20
6.75
3.50
2.75
20'A
-
—
2.10
2.04
_1
3.95
3.90
2c
*
■
—16
He
10c
15%
.15
3'Ac
3'Ac
.
"
--
—
•
90c
13
1.30
4,834
16
-
-
59,950
44,045
Jan
1.51 May
Tip
1.15
1.05
6
89c
6%
1.73
Feb
1.64
Feb
May
Mar
7'A
Jan
2.70
2.80
12,170
10
750
500
8,505
10,400
2.75
9.50
41c
90c
20c
—
--
92c
23c
5'Ac
"25'A
4%c
25'A
33
---
.
2C'A
—
27
4c
—
4.20
3'A
15'A
4.25
Jun
July
95
Jun
16
Mar
6'Ac
Jan
15c
13'A
Jan
16
July
2c
Jan
6'Ac
Jan
Jan
3,700
39,950
220
10'A
10%
12
9
12
9
40
40
20 23%
113
114
99c
1.25
60c
73c
3%c 3%c
—
1
1.52
4%
*
*
1.50
4%
13'A
6%
27
65%
76
14%
—
*
—-
*
67
r
—
*
3.90
1.66
4%
.
11,850
1,100
Mar
8.75 Feb
23% July
Apr
Jun
65c Jan
2% Jan
141
75
25
290
10
10'A Jan
5% Jan
23'A Feb
61.
Jan
68% Jan
93,296
10,700
550
3,500
1.60 Jan
12,402
1.96 Apr
—
16%
17
4.00
1.25
75c
9
342
21,308
110'A 110'A
1>05
98'A
100
89
89
25
2,410
30c
11,667
Apr
Trusts
100
Corp
—*
preferred
Union Gas
Corp
United
Fuel
s
class
class
Oils
25
^
.
•
85c
8
92c
8%
55,524
1,444
17'A
18
37'A
5%
5%c
485
500
2,175
32,150
40c Mar
6% Jan
12
Jan
32 A Jan
5
Feb
4%c Jun
3% Mar
1-96 Jan
17,694
6.00 Jan
5%
—
5
5%c
4%
1
2.49
2.45
•
12'Ac
_*
UnDer Canada Mines Ltd
Ventures, Ltd.
—
<•'
Waite-Amulet
,
Mines,
Walker-Gooderham
21%
Feb
26%
Jun
3.40
Jan
4.40
July
2.74
36,283
2.12 May
2.74 July
Wendigo Gold Mines
2.18
38,475
1,60
Jan
2.20
Western
4.20
56,105
3.35
Jan
4.25
Jun
2'Ac
3,000
3c
Jan
Jun
Ltd
&
Worts
com
Preferred
250
Lake
Gold
Canada
Preferred
Western
12%cl3V2c
250
8c
Jun
*
Grocers
Mines.
——il
Mills
8c
8c
9c
36,000
5.2^
5.10
5.35
12,440
4.50 Jan
—*
61
59'A
61
490
21 »A
21 %
21'A
1
78c
70c
83c
178.900
57'A Feb
20 % May
68c Jun
26c
27c
8,000
1
„—
Flour
1
•
Vermilata
July
Wasa
5% '
2.60
*
Oils
July
1.35 July
-
Apr
Jun
13
88% Mar
15
July
_■
Ltd————.
United Steel
—-
com—*
——100
jLtd common—
*
5
30
83
82
85
165
—
105
105
20
4%
„
-
290':,.
23c Apr
4% July
75
Jun
Jun
4.10 July'
23c
4.45
Jan-
79'A Jan
Jun
July
7'A Mar
1.94
2.90
July
July
July
4.00
July
1.25
Jun
79c
1.15
89
13
280
May
77
Jan
10
37
27
69
100
35
19
55
37
Jun
4% July
14% July
8% May
Jan
15
-
Jan
Mar
112
Mar
Jun
July
5c
Jun
Jun
Jan
1.70
,11
13
91
15
—
1.25
July
July
77c
Jan
13
91
15
17'A
50
A
Class "B"
United
*
—*
"B"
80
15c
114
17
15
86c
*
Co
United
110
90c
85
9'A
Apr
Apr
Feb
Jun
13
91
15
rights
Transcontinental Resources
27c
12
10
15
3.20
1.05
65c
8'A
15
-
—*
—,.—100
—
"A"
—
30c
1
"A"
Finance
—
50
—
Exploration Co
"B".
—•
1
11'A Mar
12
Apr
Jan
Apr
79,376
Mines
July
12
105%
42c
53c
3c
2.90
—
92c
40
1.94
100
Jan
May
Jan
2.40
72c
Jan
8c
25
Apr
1.66
—
May
Apr
2.75
S
7c
50c
16
10
8%
1-78
common—
Jan
15'A July
4.45 Jun
14%
6%
27
67
76
500
75,269
50
5c
Apr
5'Ac
3.55
1.25
70c
9
Jun
Jun
-1
—
52c
3'A July
—.1
3.90
Jun
July
29%
Jan
22%c
-*
1
5
*
25%
33
13%c July
Api-
,—-I
*
1
—-
Mar
Jan
2.04 Jan
15c May
2.05 Mar
4'A Jan
—
Jan
6c
Feb
3.85 4.10
20c 22%c
4.25 4.45
5'Ac 5'Ac
Mines
Feb
64c
Feb
3.50 Jan
1,172
140
176,250
69,125
5,500-
1 04
63c
3%c
1.25
21'A
13
45
23%
Jun
4l'Ac Jun
142'A
3c
10
300
40
Jun
10
Jun
2'A
525
—
—
.
July
2.85
19%
500
100
140
21,873
7c
45c
10 %
19
10'A
common
Gold
27,875
l'Ac Mar
35c May
134'A Jan
26
960
65c
,
"
•i. 90c
4c
Apr
Feb
Apr
86,683
—J
Mortgage
"B"
Jan
1.45
23
28
7c
Jun
16,500
-
General
Class
May
13
80
25
19,700
20,500
May
May
Jan
Jan
92c
common
Toronto
July
Jun
Apr
4c
'150
28
15
4.05
15'A
8.25
30c
75c
ll%c
Jun
1.25 July
Jan
2.32 Jan
2,000
,
33
3'A
—
*
Mines
Gold
Toburn
May
5.70
1.03
25'A
1.17 July
3.05 July-
Jan
76c
-
Preferred
Class
2.75 July
10% Mar
95c
23c
5'Ac
9cl3%c
42c
49c
138
139
19% 20'A
S'Ac
45c
139
*
Top Tailors
Traders
20'A July
.
Mines
Thompson-Lund Mark Gold Mines
Jun
Jan
14
15,900
9,415
410
30,600
575
Jun
Jun
10
1.42
1.33
7
1.25
10'A
*
Texas Canadian Oil Corp
May
Jan
6.75
2.90
1.25
1.10
7
1.08
—
1.10
7
1.21
10%
25
Cons
Toronto
3.50
2.08 May
1
Canada
Towagmac
1.20
2.90
*
River
Jan
19c
2.70
1.84
5'Ac
Petroleum
of
Co
July
80c
2.72
18,160
7,450
88c
Radio
July
11%
18,600
3.05
1
Mines
Paving
5c
14%
60
53'A July
Mar
10
1.17
2.95
100
End
7'Ac
80c
77,035
2,257
5.196
r 11
40
8,100
740
Apr
10'Ac Jan
29,150
_1
—
8.75 May
30c
9,400
—
.,
Jan
Jan
2,50
-*
A_i—w——•
—
MacLeod-Cocxsr.utt Gold Mines
Madsen
3c
23c
2.61
1
Mines Ltd-
class
Ltd—i
18,000
23,275
70c
May
83c
53'A
1.06
—
5c. Mar
34c Mar
13% May
2'Ac Jan
A
Tamblyn Ltd common
Teck-Hughes Gold Mines
May
40s
17
class
Sylvanite Gold Mines. Ltd
1.00 July
24c
5'Ac
-3
Ltd
Little Long Lac Gold
Macassa
Jan
1.18
26
4.15
25
Gold
July
i
Legare Co Ltd preferred—
Leitch
-110
Jan
50
53'A
2.95
*
Sudbury Basin Mines
Jan
5c
1.38
1.20
26
4.30
—1
23
95c
6.75
,90
16
11c
16
4%c
13
1.45
1.35
26'A
4.40
Mines—————
Apr
Jan
Feb
44'Ac July
July
1,500
2,000
1.10
3
14,996
19%
l%c
10c
T'Ac Jan
Jan
15
6c
common
Sullivan
3 5'A
14
28c
6%c
38c
14%
—
Sudbury Contact Mines—
Apr
4'Ac Jun
Jun
3'Ao Jan
—*
.-1
Mines
Jun
28
50
26,000
7c
1.50 July
1.12
*
Malartic
Sturgeon
July
1.00
13c
1
—*
.
111
Jun
18c
.—*
—i
Lapa
104'A
16,500
11,600
1
Gold
Jun
Mar
28,712
1.15 Mar
7c
44c
A6c
Steep Rock Iron Mines
23'A July
May
6c
45,000
113,661
1
Preferred
Jun
11 %c
.
Steel
Jun
30c
1
1
;
1.00
97% May
5c
7c
1
Preferred
Jun
31'A
Loan—--——100
&
9
108
5c
6c
40c
1
Stedman Brothers
12'A July
104'A
17
17
10'Ac ll'Ac
8c
40c44'Ac
10c
6'Ac V
'
50
Springer Sturgeon
14% July
Jun
:1
—1
Lang & Sons—a.
Apr
3'Ac
Jan
Mar
;—-*
B
Standard
Feb
—
1.07
99
18,509
1
Mines Ltd
Dairies
Ltd
Standard
July
20c
5%c
4%c
1
Gold
Gold
South
169'A Mar
22%
*
1
Ltd—J
Mines. .Ltd
\Landed, Banking
23'A
15
Jan
800
1
—L—
Lake Dufault Mines
Lake
.
......
—
Kirkland
Labrador
.
161
4c
33'Ac.
Feb
Mar
5'A Mar
1.50
10c
10
Preferred
Jun
31
5c
—1
of
Class
Mar
25c
40c
9
4% Jun
1.40
*
Simpsons
Jun
Jun
3
4,587
805
95c
12c
Jan
4%
1.43
100
*
Sigma Mines
21
163
14%
12'A
9
95c
95c
12c
Jun.
6%
Jan
109'A Mar
4'Ac Mar
1
Shawinigan Water & Power
11
79'A
,
3'A
Jan
53c
Mar
Jun
Jan
1
Jan
3.70 Mar
21
22'A
70c
May
105
Jan
Jun
*
Feb
31
—1
«
Mines
12%
Feb
21%
July
4.50 July
1.37 Jan
25'Ac
Feb
2.00
3c
*
Senator Rouyn, Lta
17'A July
Jan
1.25 Mar
68c
93
1
Preferred
15
3.00 May
6,100
130
1
-
Gold Mining
Sand River
Silverwoods
99
Jan
.
69c
Jan
3,500
*
-
Apr
Jan
, —
.
._1
Jacola Mines
Jason
22'A
-
Mar
54'Ac Feb
87c
Apr
1.20
40c
Feb
July
3'Ac
*
-
common
13c
1,095
2.80
ll'Ac Feb
80c
93%
1
Mines
68c
Jan
2.17 July
60 'A
3'Ac
1
1
common-
Gold
Jan
Jan
17% July
76c
93%
—
*
Mines
July
6'A
,
Mar
1
C
—
Sherritt-Gordon
10'A
.
—
1
Shawkey Gold Mining
12%
12
Jan
45c
25
Jun
206 July
1
-
Jun
Jan
Apr
93%
*
Feb
11'A
.
1
;
"A"
Sladen
3,510
35
of Canada
San Antonio
Jan
Apr
July
35'A
110
5
common
Industries
Class
32
34'A
8
5
——:
St Lawrence Corp
26% Mar
50
7'A
Lac Gold Mines
Anthony
Siscoe
35
31
25
.
Mills
(P L)
Long
July
111
50c
1
,
9
Jun
%:25c
*
A—
1
Mountain
Roche
May
104 104'A
4
—
1
—
Mines
Silk
Robertson
5c
34'A
•
class
"B"
Waite
RivCfside
July
July
42c
111
4
-
Airways
Gold
Jun
y 104 104'A
67
Quemont Mining Co
Reno
Apr
Apr
—
106'A 106'A
50
_1
75c
Mar
Feb
54'A
Apr
•
Queenston Gold Mines
Jan
Apr
104
—*
Petroleum
International
Class
Prospectors
3.05
600
19,175
20,535
:
*
Proprietary Mines
Jan
26c
104'A
...100
—
1.29
11
23
»
4%
5'A
72
23
—
100
preferred.100
:
International Milling
16
10
y
2,200
39c
Co
Mines
9
60
7
90c
—
53c
36c
—
Dome
Rouyn Merger Gold
77
15
-
4.50
50c
37c.
Mines
Royalite Oil Co
20
164
14%
12
9
90c
2.68
50c
Mining Co
Metals
East
Royal Bank
77
13
1
A
common
Gold
Preston
3'Ac
25
3.75
A
Pressed
7,500
V.
Jun
22%
62%c Jun
100
304,090
57c
1
Corp
Apr
20
164
14%
12'A
6
Preferred
preferred
Power
3,950
1,670
2.00
75c
'
trust
9c
37,950
,
2.00
Ltd
of B
38c
5,993
—
*
Gold
Rouyn
Voting
Jan
Mines
47c
Jan
Feb
99c
1
Jun
May
1.97
25,090
Mines
Jan
10
59'Ac Jan
100
20,125
common—
33c
15'A
Jun
83%
200
79c
Mines
41c
15
Feb
21'A
13% May
-
Jun
Jan
Mar
45%
60c
2'Ac
Mines
Gold
Jun
20'A
*
(John) Co
Inspiration Min & Devel
Inglis
Feb
Gold
Jun
20'A
—
.
4'A
500
100
2,200
42c
32
—100
77
100 % —.
Oil
.___*
Imperial Tobacco of Canada ordlnary_5
Jun
Jun
83c
129,400
4%c
*
4%
21,100
3.35
4c
36c
31'A
—
Canada—.—100
Imperial
International
3.30
__
1
14'A May
47,970
v
43c
60c
9c
17'A
12%
39c
31%
*
...
of
12'A
5
:——
46c
43c
60c
9c
17'A
12
—
.1
Mortgage Corp
Bank
43c
60c
9c
*
A
1.12
7'Ac
45c "
•
;
96c
6'Ac
42c
K
7c
!
I
,
...
paid
Imperial
1.04
1
—:
—
Erie
Powell
Apr
%
28%
Apr
8,560
*
Mines
Gold
Gold
Pioneer
Jun
10
Ltd
Gold
Pickle-Crow
6%
i
B
&
Huron
Perron
Jan
.S 65
Feb
18
17'A
20
*
Malartic
Penmans
3.85
15
27'A
16%
Apr
36c
Mar
18% Apr
52c
trust
Paymaster Cons Mines Ltd
Jun
;- 5'A
28'A
21
17
*
Cadillac
Partanen
2.75
•
28'A
21
200
__
—
Jan
24c
74'A
20
101,915
71c
Refining
Pandora
525
1,310
-'5'4
Jan
2.15
Jun
15
15
*
2'Ac
Tubes
Porcupine
3.15
5%
•
9'A
*
Debenture
Pamour
3.40
—
&
Oil &
Russell
5'A
950
1
Hersey
St.
Gas
class
Pacific
6'Ac
*
11%
11
,
•
Pacalta Oils
Page
9%c Mar
—15
11
<
8
Jan
5
10
—
2%c
1
206
*
1,595
10,000
3.40 f.
6% f
206
—*
79,200
....
—
Ltd
Jan
—
18'Ac
—*
Preferred
9
8'Ac
5%c Mar
54'A
*
4'Ac
Mines
Hudson Bay Mining & Smelting
Hunts
6%
V
53
*
38c
105
Jan
54'A
560
712
Ottawa Car & Aircraft.
July
:
7c
Apr
17c
82'A
95c
20'A
common
7c
Paper Co
&
13
Jan
105
3
40,950
'
.
47
Mar
821A
78c
20'A
1
Crush
4c
Gold
Howey
105
36c
Feb
11
2'Ac
5,500
7c
105
31c
7%
36
78c
20%
Mines
Orange
Jun
25
Jan
19
Mines
Loan
8'A
Mines
Oil—
Home
6'Ac
—
105
36c
5%
Jan\
19
common
Gold
Ontario
4c
Hollinger Consolidated Gold Mines
Homestead Oil
O'Brien
25% May
May
7%
.
6'A
3% May
19
'
,
1.75 Majr
May
500
•
North Star Oil voting
8%
8'A
,——
—
Gold
Dauch
&
20
150
365
,
11% July
59c
20c
*
-
Mines
•
—1
Highwood-Scarcee Oils
Hinde
4%
A
Corp Ltd
Mar
10c
,
Jan
Jan
20c
—
20
Pipe
Mining
Premier
Feb
6
19%C
15,310
_•
common
Canada
——1
...»
Mines
Mines
Mascot
Hedley
23'A
7%
1
Mines—.
Gold
23
414
--
*.
'
Bridge
4'A
6%c
Ltd
Normetal
1
Mines
Carpet
Hard Rock Gold
250
3'A May
—
*
Mines
Hamilton Cotton
8'Ac
Co
North Star Oil common
Jun
95
«8'A July
8'Ac
60
1,000
23
*
Mines
Harding
1,000
9'/a
4'A
—0
Alabastine
Swayze
5'Ac
8%
36,985
68,800
2.09
100
Northern
9'/a July
5'Ac
„'
11'A
2.02
4'Ac
6'Ac May
8%
40'Ac July
40c
9
33c
2.07
2,000
Jan
5c
l'Ac
84%
3%c
11
40c
7%c
18'Ac July
80
——————50
Halcrow
Hasaga
j
Mar
Jan
Jun
1,000
Guaranty Trust
————-100
Gold Mines Ltd—.
1
Harricana
7'Ac Mar
252,000
15c
7c
Mar
3c
Gunnar
J
7c
76,000
1
Apr
2%C -Jan
9,000
95
:
Preferred
•
29c
3c
Greening Wire Co
Grull Wihksne Gold Mines
Jack
38c
Jan
—
...1
—
—
Preferred
A
Jan
21c
33c 40'Ac
Nordon Oil
July
15c
600
95
—...—
Hamilton
16'Ac May
42,000
34c
1.68 July
1.89 Jan
48'A Jan
Apr-
133,000
13'Ac 18'Ac
16c
Great West Saddlery common.—'"
.
8c
34c
July
2,355
12'Ac Mar
32c
———
Common
Hallnor
Jan
39c
288,475
5,700
15% Jun
5c
Jan
2.70
10% July
3'Ac Feb
7c
2.17
May
Feb
36,460
60'A
9'A Mar
1.99 Mar
3.1'A
39c
1.71
2.65
Jun
91
33c
58'A
May
34c
Lakes Paper com vtc——*
Halliwell
V
Apr
Jan
Apr
34c
.
2.65
July
28'Ac 28'Ac
5c 5'Ac
__
———
Grandoro Mines
.
67c
55c
58%
Jun
19
8'A
10,500
25'Ac
29'Ac
Apr
Jan
84
56,500
6c
May
15'A
5%c
Jun
1
Gold
33c
Jan
23c
5
Oils
26%
Apr
3%c
•
Omega
27
24
34,485
11c
May
1.34 May
20,000
•
Mines
Okalta
95
Bousquet Gold Mines.
& Toy
Great
3
23'A
63% July
53,265
Noranda Mines
Feb
4
Jun
Mar
•
& Power
-
7'Ac Mar
Jun
7c
5c
Jun
55'A Mar
Nipissing Mines
Jan
88
May
106'A
30c
-1
—
National Steel Car
Negus
May
9%
Jan
1.68
*
—
Sewer
112,000
22
Apr
4'Ac
»
Gas
common
Preferred
Jan
Jun
23c
100
Porcupine
Montreal Light Heat
National
1,000
1,365
9'A
1.45
1
Grocers
19%
6%
102
'
9%c May
3'Ac
Monarch Knitting preferred
Jan
*
—
Preferred
Graham
10%
5c
5%
—50
Mining
Goodyear Tire & Rubber common
Grand
9.50
9'Ac
34'A July
Jan
&
Moneta
National
5'Ac
63%
5'Ac
61'A
—
•
—
"A"
45
4%c Apr
7% Feb
July
4c
*
Class
1,494
Feb
Jau
16
23c
«
Corp
470
8%
13
July
7
Apr
Feb
1.62
common
Moore
21'A
8
62
1
-
Oil
Modern Containers
Jun
5.10 July
Apr
4'Ac Jan
1,402
Goldale Mine
4
Jan
75
5
9.75
10'Ac
5'Ac
33c
30c
May
Oils
Model
May
22
Mines
Corp
Mining
21%
'
5Va
10
1
—
Mercury Mills
15% Mar
Apr
27
10
__
1
1
July
Gold
Mines
Mid-Continental
Jan
2.70
3
64,850
58c
.—1
12'Ac
Jan
3.10
150
9%
—_—*
May
13
30
19: ;:
58c
52c
Jan
7c
70
13,800
27
27
18%
—
July
32c
Lake
Gold
23,900
3,546
High
15
10
Jan
7'A Jan
1
Mines
Laxe
Graham
•
5
Mines
Red
McWatters
July
4
9c
25
18%
108
Apr
1.66
2,038
5
84 j-
McVittie
Jun
Jun
3'A May
26'A
—
26
12'A
14
5
5,875
1,500
*
Gold Mines
Gold
34'A
i
Red
11c
9%
8
McKenzie
Gold
1,105
104'A
Segur
McMarmac
12'A July
Jan
19'A May
26
5
Feb
1,210
'
•
Jun
*■
*
McLellan
16
104 104'A
9
21%
Exploration—
Mclntyre Porcupine Mines
McDougall
1,680
15'A
'
•
100
common-
Preferred
9'A July
Apr
2%
50
7%c
Giant Yellowknife Gold Mines.
Belt
15
82
Gillies Lake-Porcupine Gold
Gold
15
Jan
7%
424,945
34'A
26c
.
Mar
9'A
31,011
2.70
6'Ac
3%
»
General Steel Wares
God's Lake
9c
2.25
7%c
common
preferred
Glenora
7'Ac
20
4
5.10
May
26
Apr
7
22,900
21J/2C
May
21'A
2,367
"
Mines.
Power
Gatineau
.
2'Ac Mar
Jun
5c
104
108
20
" 4
4.70
33'A
4%
1.12
Jan
70c
Jan
18c
Mar
12c
July
48'A July
2
1,210
3,435
764
960
—.—100
Gold
Francoeur
—
&
6
Mar
12%
4 ; ::
4.70
*
—*
*
class A
Apr
May
3'A
*
Ford Co of Canada
37
163
82'A
—,
Aircraft
Fleet
Mar
135
1
-
-
Kirkland
Feb
Jun
34
Jan
*
100
common———
Preferred
Federal
91
24
May
11%
-J)\ 20
1
Mar
May
135
24c
•
2.65 July
1.17 May
84
21
155
2.55
•
Jan
29%
8'Ac
:
Mines
Fanny Farmer Candy Shops—
Falconbrldge Nickel
134'A
Jan
7%
9%c
20
FrontenaC
50
9c
8%
16
1
;
common
Preferred
McColl
150
6V2
*
Mines
Low
15
9'A
7'A
*
Massey-narns
July
62
26
9%
1214
—;
51
Jan
128
July
25
108
1
*
——*
Products—
Steel
Eastern
16
42
4
*
i
Oil
Malartic Mines————
38'A
Maralgo
Range since January 1
15
*
Preferred
Shares
High
9'A
15
10
common
Sales
for Week
Low
—*
1
—.
Mapie Leaf Milling Co
2.20 July
Jun
Jun
33'A Mar
12'/t
rights—_—.<1——,—
Co
^
1
Mining
Crest
East
Eastern
1.33
Jun
1,470
^
135
25'A
8%
11%
9
Dominion Woollens
Duquesne
135
26
5'A
1.55 July
Jun
14'A
125
163
100
_!
;
29 'A
163
.
common..*
Chemical
&
Tar
Preferred
-
—
—100
Dominion Fire Insurance..—
100
Dominion Foundries & Steel com
•
Dominion Steel class B
—25
Dominion Stores
1*
Bank
Dominion
May
Jan
18c
Distillers
5
1.15
5
1.01
—
May
Mar
42
1
-.1
Mines
29c
33c
18
10,000
2,500
10,000
*
Petroleum
Delnite
July
700
47
Davies
4
Preferred
Week'#
Par
-
Maple Leaf Gardens common
July
July
6
5'/«
48'/2
——
July
4
48'A
—
50
Preferred
4
4
Jun
———*
Dairy Corp common
38
100
2.20
90
23'A
2.20
•
Imperial Mills.—————*■
Nest Pass Coal
;
.100
Crow's
1.55
July
Jan
15'Ac
5,000
25
1.58
•
133
Corrugated Paper Box preferred—.ICO
Cosmos
4
30c
.5%
15%
46'A
132%
2.05
__
1,87
15%
51
——*
——
4
4
30c
5%
—
—*
—
Bakeries
4
;30c
117,700
5
25
38c
v
Range
of Prices
Last
,
Sale Price
;
High
Low
High
34c
__
—-—"
*
1
1
...
Mines
uonmurum
Consolidated
35c
*
Collingwood Terminal common-..
Conduits
Low
'•V..
STOCKS—
Range Since January 1
Shares
of Prices
Par
Friday
Sales
for Week
Week's
Last
30c
15
13
Jun
Jan
Apr
Jan
July
Jun
July
Jan
Jun
91
Feb
15
July
95c
Jun
8%
Feb
18
July
38
Feb
5% July
7c
Jan
5% July
2.70
Jun
,13'A July
19c
Jan
5.35 July
63
Mar
21'A May
73c
Jun
27c
Jun
6'A Mar
94'A Mar
105
July
THE COMMERCIAL &
150
LISTED MARKETS
CANADIAN
FOR
RANGE
Friday
—*
—*
100
141/2
141/2
141/2
150
17'A
17
Ltd
Westons
17'/2
290
15
Jan
107
107
10
104
Feb
1
*
—•
common
—
Preferred
10c
9%c 101/2 c
12,700
Wiltsey-Coghlan Mines
Winnipeg Electric common
65
651/2
3.40
4.20
5c
Ymir
Mar
107
May
20c
7% Mar
Jun
'■/'
«
Electric
Ottawa
L
H
Preferred
Feb
33
Jun
Power
Exchange-Curb Section
Toronto Stock
Week's
Friday
23%
.S£" 85
13%
5%
26
26
24
Feb
8%
8%
75
7
Jan
89
90
30
86
Jan
90
Jun
93%
94
15
94
Jun
98
Jan
52%
52%
10
49
Apr
52% July
■-
*
••'.;
..
—
_
-
Co
Brown
common
Preferred
Canadian Marconi
9
9
2%
2%
2%
535
55
55
55
30
Canadian Westinghouse
Dalhousie
Oil
Dominion
Bridge Co
Dryden Paper
Oil
Foothills
—:
Hayes Steel
Paper
8%
Supertest Ordinary
Temiskaming Mining
Feb
.1.45
July
465
Jun
15
107/e
Jun
12% July
1.500
3i/8c
Jun
5c
Mar
3
43'
1.00
Feb
3
July
47
Mar
Wabasso
July
West
45
15
22c
Jun
12
Jun
15
15c
Jan
49c
1.60
22c
22c
31
31
20c
Mar
25c
Mar
31
8c
6,300
10c
May
20
15
Jan
1.72 Feb
Apr
1.31
100
V
Preferred
Jun
May
Steel com
Algoma
-.12%
..
9
100
of Can pfd
Co
Aluminum
Asbestos
•
Corp
13
Jan
98%
93
215
592
96%
10%
10
22
1,101
23%
15
15%
154
Mills.
Silk
Bruck
__
»
Building Products class A
Canada
Foundries
Iron
Preferred
21
"A"—*—,
Forgings class
Canada
100
new
Canada
760
Jan
31%
84
8%
2,470
43%
762
35
35
35%
275
Jan
35% July
10%
9%
10%
4,055
8
Apr
10% July
26%
27
525
25
Jan
28
Feb
"43
44
555
36
Jan
45
Jun
?.5
*
_
Cottons preferred
Canadian
Foreign Investment
123
Jan
5%
34
34%
5%
6%
123
♦
common
32%
B
;™
—
Locomotive
Canadian
680
5
Jan
6% July
27
Jan
70
10 %
Jan
13
11%
Jan
-
65
70
705
12%
13
7.324
•
»"
'
635
12%
13%
50%
47
50%
7,344
39
Jan
31
31
330
27%
Jan
Glass
Consumers
Distillers
13%
--ft
♦
Consolidated Mining & Smelting—
Seagrams
5%
.25
preferred
Dairies
38%
300
33%
Feb
41% Mar
30
430
23%
Jan
30
Jun
Jan
14
Jan
Foundries
Glass
_
Corp
Heating
22
Apr
10
116
Feb
7
Apr
12
12
325
9
Jan
12%
Jun
12%
11%
12%
1,780
8
Jan
12%
Jun
71
71
160
68
8%
9
963
11-%
11%
40
5%
110
25
■
*
71
8%
1
'
■
of
Co
9
Canada
preferred
5% % preferred
_
.
.
100
•
19
360
9
9%
885
87
87
1
«p
Preferred
Too
*
Preferred
Paper
Imperial
Tobacco
of
Can
common
Industrial
5
Lake
common
Cottons
common
Montreal Loan & Mortgage—
Montreal
110%
Jun
26% Mar
32
July
12%
14% July
12%
Breweries
Car
9
Jan
200
6
Jun
200
21
Mar
15
155
12
26
55
21%
22
22%
24
24%
185
20
Jan
110
15
106
Mar
26
230
23
Jan
•
12%
7%
Jun
Jun
25
July
Jan
15
Jun
22'
Jan
26
Jun
2,350
14%
Apr
22
Jun
4,010
19%
Apr
22%
Jan
27%
113
26
Feb
Mar
Feb
139
10
135
Jan
140
150
13
Jan
16
8
10
8
Apr
8
9%
2,865
8
8%
8%
805
6%
_
_
Apr
57
July
13% May
16
Jan
57
55
15
14%
15
19
19%
330
15
Feb
139
139
10
128
Feb
14
14%
150
11
10
10
30
66
67
270
63
Feb
76
76
15
69
Jan
139
100
:
;
14.:
67 :
—
•
:
19% July
142
Jun
14%
Jan
8%
Jun
11
July
76
•
Feb
67
Jun
3%
585
'
Jun
5% July
Feb
4%
5%
10%
97
97
15
78
Jan
54%
55
55
100
50
Jan
55
July
150
July
5%
r--5
■
10 %
Jan
*
95
Jun
Jun
.
150
»'♦
150
10
150
July
6%
6%
1,119
6
May
65%
V.'.; ' •'
65%
181
62
Jan
69%
Apr
29
7% Mar
22
...
225
18%
Feb
22
Apr
29
22
22
♦•:.-■•
30
27%
Jan
29
Jun
136
May
%/.;
135
135
25
133
134.
133
134
82
130
150
150
150
55
100
230
229
230
100
Scotia
140
138
140
Jan
May
147% May
135
Jan
155
Jan
122
229%
240
291
135
Jun
Jan
Ma
142
Jan
r
—
Montreal Curb Market
Canadian
Funds
Par
7%
High
.
'
'
Co
Brown
143
4/
4% Mar
92
6% July
23 %
Jun
23
Jan
>•27%
Jut.
2.40 July
>1.55 Apr
100
1,383
31
1,295
20
-
37% May
May
50
Jun
Jan
99
Jan
8% July
25
22 %
Jan
90
200
Jan
46%
65
10
Jan
11%
Jan
167%
Jun
174
Jan
145% May
156
Jan
Jan
75
July
5
9'
59
1.85
1.910
2% Mar
Jan
Class "B"
Dominion
200
53
July
Apr
Jan
27%
Jun
72
Jan
74
Jun
20%
20%
3,398
18%
Apr
22%
21
21
50
18
Jan
21
20%
20%
60
20% May
37
37%
1,686
33
Jan
4,635
13%
Jan
24
37%
17
Ltd
Jun
2
Feb
5
May
2% Mar >0
4
Jun
Mar
25c
Jun
25
2%
6%
5%
Jan
34
Feb
4
Jan
5%
11 %
Jan
20
Jun
7%
Apr
10
July
"A"
■
1.200
1
Paper.!—_—.*
&
Power
Paper
Co
Milling Co Ltd com—
•*
pfd—,—100
pfd—100
Melchers Distillers Ltd common
*
Preferred
——10
Minnesota & Ontario Paper—.l
—*
Noorduyn Aviation Ltd—
;
*
Nova Scotia L & P 6%
pfd——100
Power Corp of Can 6% cum 1st pfd-100
6Vo N C part 2nd !pfd
50
Southern Canada Powpr 6% pfd
100
Co
5%
Ltd
McColl-Frontenac Oil 6%
cum
35c
May
Jan
Jan
18%
Jan
22% July
7
5% May
15%
Feb
July
Jun
f: 15
20
13%
Feb
1,205
19%
Jan
22% May
10
103%
Jan
105% Mar
75
*'2%
*
1.50 Mar
WU
25
7%
Jan
1,2%
7,795
10%
Jun
25
.
&■—
55
20
3%
107
91%
Jun
'
2%
Mar
8%
Mar
5%
Feb
Jun
108
Jan
Jan
100
May
39
Apr
25
35%
104%
Jan
17c
May
30c
25
Mar
26 % Julv
5
..
Apr
150
2%
Jan
130
1.75
Jan
106 % May
3% Mar
57% Feb
63
180
20%
Jan
21%
83
Jun
85
;
'25
110
3%
Jun
.275
27 %
Jun
Mar
3% July
155
—-J
4%
30
Mar
Feb
July
JUn'
July
.
Mines
25c
July
Jan
4c
July
17c
Jun
31c
300
—
—
Beaufor Gold Mines
Jan
2c
4,000
13,700
:
Ltd
Exploration
15c
59,600
Corp Ltd.
Mines Ltd
Ltd
—
Century Mining Corp
Bouscadillac
aoc
14,600
fl5c
15,467
75
Mines
Ltd—
100
1.14 May
6c
4c
11%
63c
July
Jan
15c
July
Jan
12% July
Mar
85,200
2%c
Jan
8%c
37,500
2%c
Jan
8c
Jan
2,000
on
page
152)
July
2.25 July
10c
Jan
flic
(Continued
.
12% July
114
8,616
Manufacturing.
Mines—
Jun
Jun
21%
t
Hotel,
July
f 105
~*
"A"
*
of Canada Ltd—
Walkerville Briew'ery Limited-——-,*
Walker-Goodertyam &|Worts com—*
$1 cumulative' preferred—
—*
Western Can Flour Mills Co Ltd pfd—-*
Bralorne
3%
33
Feb
16%
60
Corporations
United Distillers
Ju.n
July
18
10
Investment
Southmount
Windsor
17c
310
!—*
preferred
Woods
Jan
20
75
23
Jan
2%
100
28
4% July
Jan
17%
290
Feb
Jan
26%
Jan
3%
75
Feb
3%
-
Apr
.
Massev-Harris
United
May
20
2,351
(Can) Ltd "A"—
John Power &
St
3
23%
Apr
4
2% May
425
565
Ltd "A"
Class B
Jun
Jan
3%
600
International Utilities class A—
Lake
Apr
3%
28%
'■
—
Companies, Limited.
Metal Industries
3% May
4,878
Hydro-Electric Securities Corp.
Int
18% "Feb
Jan
60
Paper Co
International Paints
1.00
Jan
36
110
Ltd
Ford Motor of Canada Ltd A.
Fraser
Apr
1.50
220
Aircraft
Fleet
8% July
16
100
-——20
Ltd..
Fairchild Aircraft Ltd..
Feb
7% May
■
60c
100
|3%
Jan
3%
Jan
39,094
;
Jan
Linoleum.
&
10c
5
Jan
July
Jun
53
525
„——.
Jun
Jun
67%
Jan
100
"A".
Gold Mines Ltd
—
Ltd—.
.
Canadian Malartic Gold Mines.'—
Cartier-Malartic Gold Mines——
Central Cadillac Gold Mines Ltd—
July
Jan
47%
300
Preferred
Donnacona
Bear
16
40
10
Dominion Woollens common.
Astoria
47
7
2,725
—_—
Oilcloth
Jun
1
Jan
:
Dominion Square Corp.
Jun
200
8
5
"
preferred
& Frere Limitee
David
9%
970
4% May
200
Ltd-
Corp
Aircraft
Cub
Mar
July
560
Knitting Co Ltd.
Neon General Advert
:-i.—
Commercial Alcohols Ltd common!—
Consolidated Paper Corp
70c
Jun
45c
300
Claude
Alcohol
Jun
10%
10
Celtic
Commercial
Jun
250
>
.
Limited
Cassidv's
Jan
6% July
..
Mar
1
—_—r—
July
20
105
*
Ltd—.—
——*
Canada Northern Power 7%'pfd
100
Canada Vinegars Ltd
_*
Canadian General Investments Ltd—.*
Canadian Industries Ltd 7% pfd—100
Canadian Industries Ltd B——
*
Candn Inter Inv Trust 5% pfd
100
Canadian Marconi Co
1
Candn Power & Paper Inv Ltd com.—*
5 %
preferred
Canadian Vickers Ltd common.*
7%
cumulative preferred
—100
Canadian Westinghouse Co Ltd
.*
July
77
Jan
25
Jan
38
.
Jan
90 "
390
■
Dominion Sugar Co
&
2%
50
Canada Malting Co
9%
74
17
Apr
Jan
62,192
common
Preferred
Canada
27
60
•
Paper class "B"„_*
Bathiirst Power &
Belding-Corticelli Ltd common——.100
Bright & Co Ltd T G common——*
British American Oil Co Ltd
*
British Columbia Packers Ltd
*
3%
Apr
2,340
21
100
100
-
2%
13,065
common--—•
Power & Paper
preferred
preferred
Low
Range since January 1
High.
Low
Shares
of Prices
STOCKS—/
6%
for Week
Range
Last
Abitibl
Sales
Week's
Friday
Apr
53
16%
2,775
■■
-;,•
10%
4
.25
100
Feb
27%
♦
46%
211
56
19%
_•*
.100
Aldermac Copper
74
'
July
' ;
Arno
52
17
July
35
-100
..
Apr
26%
•
16
Apr
6%
common
Feb
74
37%
Apf
32
_
_
preferred
Preferred
8%
27
-
20%
13
125
Apr
15%
8
'
•
For footnotes see page 151.
10%
«'
..25
common
Corp
735
Apr
v:
8%
100
.100
Tramways
National
Steel
106% Mar
139
3
Montreal Lt Ht & Power Cons
National
55
"
♦
(Robert)
Jun
3,454
_9
Co
(J
19% July
15%
15%
•
Mitchell
13
Jan
1,770
25%
9
Jun
32
100
A_
3,310
May
14%
Co common
Mitchell
19%
5
10
13%
31%
m.
common
McColl-Frontenac Oil
Montreal
Jun
110
9
S)
6%
230
110
24
__
_
(C W)
Massey-Harris
881
21%
•
22
100
& Sons Ltd John
Lindsay
6
2,570
26
21
.
*
_
of the Woods
Preferred
Lang,
•
•
Power
Preferred
Apr
12%
26
i
Jan
3,090
*
Ltd
Zellers
Maple Leaf
Apr
Jun
15
:
3%
2% Mar
5,940
..
_
Jan
Jun
15
9
International
Jan
95
Jun
25
15
90
9%
7%
—
9%
Jan
15%
7
common
International Petroleum Co Ltd
Jan
110%
..
3%
16
100
Preferred
MacLaren
12
•!
Mar
35
Electric common
Jun
Apr
12%
International Bronze common
Preferred
8%
19
Jan
24%
International Paper
Apr
6%
25
25
14%
11% Mar
Corp common—*
Acceptance
Jun
4% July
108%
7 Vs
-
21
177
£1
Preferred
Jan
14%
14%
Oil Ltd
Imnerial
Jun
110% 110%
31%
•
Mining
Bay
Jun
2,025
19%
100
__
%
Hudson
July
5%
19%
common..
Feb
9
6
Jan
93
74
11%
Jan
3%
85
Jun
9% July
12%
•
■
—
9
Smith
Howard
5
May
130
9
6
Bridge
Gola Mines.
Hollinger
15%
8%
8%
Lime & Aiabastine
Gypsum.
15
95
15
5-':
110% 110%
110%
9
Hamilton
95
15%
common
.
■■
95
100
Wares
Steel
General
—.
4%
20
21
4%
9%
Gatineau Power common
5%
•
18%
19
•
Foundation
8
21
9
—
Apr
6% May
4%
J.W
"A"__
B
26% July
20
4,555
*
Class
Jun
9
—
Products
Electric class
English
24
5%
—
_
26%
Apr
135
•
&
26%
17%
7% July
135
Paper
Electrolux
280
4% Mar
8%
%
Dominion Textile common
Enamel
24
_
♦Dominion Tar & Chemical common.
Drvden
1,558
9
—
—
_
7%
23
w-L..'
.25
•
Ltd
Stores
7
13
730
...
.
100
__
_
14
7%
SteeL
&
com
Steel & Coal B
Dominion
Dominion
13%
'•••-•
35
Dominion
Jun
38
common
Preferred
Dominion
Jun
50% July
29
tn
Dominion
13%
31
38%
__
Coal
Dominion
30%.
July
July
29%
:
*
Dominion Bridge
Jun
6% July
13
Plow
Cockshutt
35
Jan
Feb
70
_
_
Jun
5 Va
25
Pacific Railway
123
125%
24%
*
Canadian
Mar
Mar
125
6%
5%
Jun
8%
45
3,375
-
3
Mar
103
_—
Jan
41
1
123
34
6%
100
Canadian
Canadian Ind Alcohol
Jun
36%
36%
__
_
Feb
12%
44%
——
Celanese common
Jan
9
8
Canadian Car & Foundry common-
Class
Apr
12
Jun
10%
.
43%
3
Canadian
9%
8%
Jun
14%
Jun
Jan
Jan
,
8
Preferred
preferred
9%
7%
12
•
♦
New
"21
Jun
100
8%
Breweries common
common
125
12
36%
preferred
Bronze
12
Jun
9%
117% JUly
Apr
12
8%
•
Canadian
18"
840
Steamship common
5%
50
14
12
Northern Power
Canada
;
«
20% July
103 % May
70
Jan
July
9
Jan
6%
520
i
21
14
100
—
_
*
Canadian
9%
"
-
Jan
3%
Jan
15%
1,300
20%
117 117%
'
—
Jun
24
Jan
8
Jun
24%
1.85 May
265
9
9%
Preferred
'275
18%
20%
_
..
Cement common
Canada
2%
Jun
16% Mar
19% May
9
9
:
Jun
156%
Jan
21%
340
22
2%'
*
23%
24
Jan
13% Jan
151% Mar
3,873
24%
Mar
10
18% May
21%
154
*•'>. *„
—
102
Feb
Jan
;
■
3%
-
•-
100% July
Jan
Jan
8
3,665
153
21%
Jan
100
34
a
Jan
88
24%
99
330
14%
Jun
23%
24%
*
B
Jan
15%
Columbia Power Corp A
Class
9
21
*
Brit
5
10%
23%
10ft
Telephone Co of Canada
Brazilian Traction Lt & Pwr_„.
Bell
5
102
16
a
Kootenay Power
Jun
11
102
"v'V;-
9
11%
11
102
■
35
3%
May
335
153%
•
class A—
Power & Paper
Bathurst
113
113
200
Breweries
Associated
Jan
12%
21
*
••.
100
Cotton
5
Jan
__
_
1
112
92
'
July
21
102
Jun
11%
Jan
5%
50
100 100%
100%
9
Amalgamated Electric Corp
8%
93
Ltd
Aluminium
Range sine* January
High
Low
High
113
%
24
common..
Roval
■'
12%
100
preferred——
Agnew-Surpass Shoe
10
common
Preferred
Nova
-'' '••
Shares
of Prices
8%
Ltd common—
Glove Works
Acme
24
for Week
Low
Par
July
^
Montreal
Sales
Range
Sale Price
STOCKS—
Feb
9
9
J—
Corp__
Banks—
Funds
Last
14
a
Power
Mar
11c
Montreal Stock Exchange
Friday
9
May
7% Mar
50
corn-
Commerce
Week's
Jun
12
35
a
Canadienne
Canadian
8
275
•
«
Winnipeg
Jun
305
8
T
..
—
..
_
Biscuit
Viau
98% May
25
Steel
United
Jan
"
3,500
12,600
1.49
9%C
45
65
45%
17c
10c
13
93
■
9
preferred-—— -100
Canada
of
-5
:
%
*
Co.
Steel
July
99%
12%
common
Canada
Southern
29
8%
a
9,120
1.50
—0
-1
———
8% July
8 % July
1.05 May
_
—
—
Sons
&
Jun
Jan
5%
24
100
Preferred
H
8
19
.■>■
common
Paper
Jun
8,075
12%
•
Simon
15% Jun
Jan
995
29
100
..
Corp
Lawrence
Mar
9
12%
__
_
_
Shawinigan Water & Power,.
Sherwin-Williams of Canada
15
—
:
July
St.
July
•
7%
7
'
25
_
_
11%
300
15%
26
25%
.V
29 i
_
_
St Lawrence Flour Mills common
12%
45%
15
15
7 %
m
4%c
17c
1
———
Mar
30
Jan
common
preferred
A
4c
22c
Metals
Mines &
Oreille
Pend
41c
May
Mills
....
Lawrence
Class
30
Jun
.
5% Mar
Feb
4%
,t:W' J.
Saguenay Power preferred
St
25
.»
99%
Paper common
3
-1
1
•
.•_♦_
common
Transport
Preferred
11%
14
Southmount Investment
July
24%
1,100
15
__
a
Rolland
4c
Script
Osisko Lake Mines———
July
9
30c
-25
1.30
—
__
—-
•
Co Ltd
Knitting
12
w
—._
:»■
—
8%
1.25
1.30
————*
Ontario Silknit common
———*
Preferred
——:———'—100
Selections
Oil
55
Jan
—
——I
L.'—
Ontario
2% Julv
July
514
190
Jan
10
1.80 May
3,000
30
37% May
Apr
55
31,311
35c-
35c
28%
—*
——
&
Minnesota
35c
28%
—
—■
Gas
&
225
9
7%
8%
•
—1——-*
*
Corp.—
Paper
Consolidated
/
High
July
2.45 July
Apr
Apr
8%
1,473
'
—1
1.40
281/2
37%
—,
—
11,030
35
83
July
83
10
245
83
185
37%
:
Vinegars
Canada
1
100
.
———
83
83
230
Pulp & Paper pfd—*
British Columbia
1
Range since January
V" Low
High
Low
Par
common
Preferred
Shares
of Prices
lie Price
STOCKS—
;
■
«
Regent
17
545
15%
a
for Week
Range
Last
26% July
Jan
26%
Power
Quebec
Sales
Feb
26
5%
preferred
Provincial
Funds
Canadian
July
_100
common
of Canada
Corp
5%
July
60
15%
Rwys
&
Bros &
Price
25
Jan
*
Placer Development
Power
Jan
48%
..
Ltd
Penmans
29
$1,000
32
32
15%
1,210
100
Ottawa
4.20 July
-----
325
60
26
*
0
Page-Hersey Tubes
Bonds—
25
;58
.
a
Uchi Gold Mines 6s
1
Range since January
Shares
23%
59
■
for Week
Range
25
•
Car Aircraft
69% Apr
July
*
High
LOW
High
of Prices
Sale Price
—
Ogilvie Flour Mills common
Ontario Steel Products common
Ottawa
Jan
5c
■/
■
Niagara Wire Weaving
Noranda Mines Ltd
Jan
31/2C May
Last
Par
2.95
1,500
>'■>
'■
;. /.>•■
60%
32,100
41/2 C
5%
43
4.05
41/20 '
Mines
*
Yankee Girl Gold Mines.-——'1'
Wrlerht-Hargreaves
17'/2 July
Jan
4C
270'
6
6
6
100
Preferred
High
Low
Par
Products
Steel
Western
Low
Range since January 1
Low
High
141/2 July
11'/a Mar
Sales
Week's
Friday
STOCKS—
Shares
of Prices
Sale Price
STOCKS—
7
for Week
Range
Last
JULY
WEEK ENDING
Sales
Week's
Monday, July 10, 1944
FINANCIAL CHRONICLE
83c
Jun
13 %c July
9c
13 %c
July
Jun
Volume
Number 4297
160
1S1
THE COMMERCIAL & FINANCIAL CHRONICLE
•
OVER-THE-COUNTER MARKETS
I
Quotations for Friday July 7
For
Investing Companies
:>.> Par
1%
Affiliated Fund Inc_^
10
Corp.
Holding
AAmerex
1
American Foreign Investing_10c
Assoc Stand Oil Shares
2
Axe-Houghton Fund Inc——1
American Business
Shares
i
Fund Inc
Boston
5
5
1
Inci
Broad Street Invest Co
Fund Ltd
Bullock
;
-
Series
S-4
105.88
19.80
32.38
17.67
Mass
Investors
2d
Mutual
Natlon-Wlde
(Md)
*
1
18.70.'
3.85-
2.09
40%
4.97
X34.97,
X5.55
Mining shares.———
X5.41
v
X3.78-
.Tobacco shares--
—
95%
100%
3.65
4.01
: 42'A
45'A
X94.40
Amer
AA
C—;
ASerles
D—
1
5.07
'
—;
^
1
V >
■
»
'.rV '.'h434.
;
6.14''' '
1
;
•'
Atlanta
6.83
>"
V#. 86c
x77c
•
V
1
A Huron
Holding Corp
Income
-24c
Foundation Fund vlnc.v'?.^-
*Common
-
■
36c
V-V
■
11:63.
,1.49
series
Aviation Group shares
C——
:
»
B
-.1
1
1
Investment
.
Florida Power & Light 3%s_1974
Insurance Group 6hares_
26.06
*
28.32^
> ABlair
a
13.90
.1* xl3.60
Investors Fund C
50%
70%
75%
32%
35%
Boston
Corp„——
-
102
.—1959
__
108%
106%
102%
100
100%
100
-104%
1973
103%
103%
1961
100%
102
100%
101%
Jersey
3%s
Okla
Natural
Gas
2%s
1953
debs
106%
1973
Hampshire)
1973
Public Service (New
3%s series A—
Puget Sound Pow Ac
4%s
107
108%
109%
109%
110 V
111
112%
Lt—
1972
San Diego Gas & El 3%s__ 1970
South Carolina Elec & Gas—
3%s
1972
Southern Colo Power 3%s__1968
•Sunray Oil 3%s
1959
Utah Power & Lt 3%s—.1968
108%
104%
105"
102%
103%
107%
108%
3s—1974
.104%
104%
1974
105 %
105%
4%s—.——..1958
104%
105%
Virginia Elec & Power
York Corp.
Ask
(Indiana)-—
3%s series E
West Penn Power 3S—
Panhandle Eastern Pipe Line—
2%s
Public Service
105%
103%
104%
>
'
;
& Co———1.
First
107%
106%
1959 1..99%
3%s
Bid
Ask
103%
Pow & Lt 3s__1974
Northern Indiana Public Service
New
18.88
•
v.'V'V.y.*;,;,'
;fCorporations
•41.14
xl.03
Investment Co of America—10
17.19
1979
Lt 3s
&
Pow
Co
National Container 5s
•<
•
105%
102%
107%
1974
4%s
Louisiana
Mengel
>
1.80
1
■
Banking
20.57
V
16.80
—_1
:
11.45
1.02
8.90
•7.81'
18.82
Bid
102%
>
—
22.76
;>• 7.14
——
Wellington Fund-
"
92c
"47% '
30%
& El—
t 3s
;—
—U1973
Centra) Pow & Lt 3%s
1973
Florida Power 3%s_
..1974
25.63
20.82
; >.'8.14
_
•US El Lt & Pwr Shares A
2.64
10.44
Bank Group shares——
A
Stock Fund B__1——
••
v
'24.86
A—
:
■
Union Preferred Stock Fund—
•
24.75 V
Incorporated Investors—
;—5 x23,02v
Independence Trust Shares—,2.34
Institutional Securities Ltd— *
',
Fund
B
Series
f! Union
—lOo
—Uli
.-:
Series
1963
Light 3s
Gas
Blackstone Valley Gas
V'
^ 2.37
1
Union. Bond
"
29
—4
10
—2.50
U S Guarantee
Westchester Fire
38%
Recent Bond Issues
V :
2.49
■
1
;
Oil Shares—
.
"'••
Trusteed Industry Shares——25c
>
•
480
36%
6.96
x2.49~'
-> "
1—
Stand
6.35
"
X4.60
465
Fidelity & Guaranty Co—2
U S Fire.:
30
28
8
;
16.19
.:ASerles B
v
28%
10
Fire
Home
'
Utility shares—
5
46". 50
ASerles
>5.05
64
..100
Travelers
11.23
:
X43.27
Trustee
•
36%
118
61
96.30
X10.30
112%
10
X4.26
ASerles
5.12'
X4.50r
IT S
10
X15.21
>
4.17
X4.65
80%
30%
Hartford
1
•
•4.80
Steel shares——_—
v
76%
American
•
Trustee Stand Invest Shs—
7.33
X4.36 ;
Standard Accident
Hartford Steamboiler Inspect.-lO
State Street Investment Corp...
•6.84
•x6.22>
shares.;——.
shares—.:—
9%
21'A
preferred
58c
;
1
5.96
.
8%
19%
7.64
Investors
-Super Corp of
•6.96
X6.66
5
7.01
Spencer Trask Fund
.
71
45%
34%
Security New Haven.
15.45
Selected Income Shares
/
68
43%
Seaboard Surety———
55c
6%
23%
10
St Paul Fire & Marine new_12%
19%
46%
com.
Rutgers Fire Ins.
21%
—10
Springfield Fire & Marine
25
51%
44'A
X14.37
1 :"
Selected-Amer Shares
7.84
X6.33
Equipment shares
Globe
Inc Shares
V Sovereign
27
17'A
Globe & Republic
X2.44
Scudder, Stevens & Clark
Fund, Inc
5.90
27%
48%
2%
6.37
36%
-2
10
10
ijNY)—
Corp
5
10c
10.73
15%
4%
5
X2.78
84%
33%
Republic
(Texas).
Revere (Paul) Fire...
10c
X9.77
-i
14%
Reinsurance
Glens Falls Fire
X2.88
2nd
>51.
—..—5
Preferred Accident.
13%
5 > 25
Great
48%
80%
Providence-Washington*——10
87%
—1
X5.79
7.90
66 %
102%
10
10
Hanover
7.96
|
145
62 %
.95%
97%
—.—.10
Co—
.———
12%
Fire
Gibraltar Fire & Marine
&
139
—
83%
Newark
_1
X5.36
Merchandise shares
Railroad
Firemen's
—1
Plymouth Fund Inc
Putnam (Geo) Fund
9.14
Phoenix
General Reinsurance Corp
Republic Invest Fund
-
Pacific Indemnity
50
6%
91
26
———
10
Fireman's Fd of San Fran
7.29
24%
5%
12.50
Fire
5
8.37;
7.11
•
61%
10
1
8.64
i
32
Pacific
20
x6.62'
15%
23%
5
Northern
Fire Assn of Phila
X7.61
13%
2.50
River
41 %
Fidelity & Deposit of Md
-
—10
5
50%
11.52
Franklin
47%
48%
46%
39%
30%
44% ;
5
10
of
10
27%
10
Group
27%
25%
Northeastern
10
X2.17
6.85
-1
North
Federal
Trust shares
1958..
> Quarterly
19 %
Employers Reinsurance
-
Series 1956
Series
22%
17%
*
179
169
Casualty——2
York, Fire
20%
7.24
■••
New
5
:
20
Fire
New Brunswick
10
Fire
9.67
.„
7%
New Hampshire Fire
10.88
6.35
62%
6%
——
New Amsterdam
86
38%
29%
57%
> X5.76
—_j.
Amer
81
xlO.48
X7.86
X8.32-,
National Union
7%
X8.79
——
X6.23i'.,
X7.24
38 %
6%
."•9.90
Series 1955—.
7.64
•i>-
35%
Connecticut General Life
North Amer Bond Trust ctfs.
5.98
X6.95
National Liberty
Continental Casualty
-
59%
2
Casualty
National Fire
X6.58
—
10
National
16
City of New York
Employees
28%
55
10
9.38'
25%
——..——
570
7%
5%
(Detroit)—10
Ins
59%
25
9%
4%
Fire
2%
9.34-
:
Mfrs Fire
&
Monarch
14%
100
Camden
■
49%
6%
Merch
57%
Boston
8.58
46%
Merchant Fire Assur
10
"■ X8.53
equipment..,—.
Railroad equipment
North
10.83
5
N Y——4
-
25
a
Bankers & Shippers
7.56
9.85
—
Steel
37.60
X7.13
RR
8.14,
X7.80
;
'-iSeries 1953-
X7.18
Petroleum
52
10
X8.49
.-Railroad
5.74
Industrial Machinery shares*.-
-
stock
/••Oils
•
26.22
Investing.—
v
Re-Insurance
X6.87
Metals
"i.45
23.93
——
American
Automobile
X6.46
Low Price Shares.
7.57
2%
Baltimore American
-4
Group Securities—
>;•••
15%
12.00
Insurance stock——
Machinery
>,
;
6.34
3.85.
—
of Newark
X10.92
xlO.35'
Administered shares—
American
Surety
-
Fully
5.30
10.19'
71%
Jersey Insurance of N
Maryland
12 y8
18%
12%
16%
Reserve
Electrical
4.59
General bond shares
11%
17%
11%
X6.88
Chemical
n
34.39
X5.68,
Electrical Equipment
Food shares
;—~—
Equitable
5
Fidelity & Casualty_5
American
Building supply.
14.56
1.90
v-
American
American
Vt Bank
23.63
,.
39% -v
Building shares
Chemical shares
American
9.27
8%
67%
Casualty
Massachusetts Bonding
4.79
Aviation'
7%
Knickerbocker
23%
American Casualty
Automobile
41%
8%
1
12%
75%
7.73
Stocks Inc—
38%
5
35%
4.01
7.36
Y——20
53%
72
21%
7.03
Fund
Insur Co of North America—10
87%
33%
10
14.29
1.44
i
Alliance
American
13.26
6.70
shares
8.35
13%
85%
50%
X3.56
priced bond series
1.31
21.10
3
X7.72
10
142%
10
-
Aak
Rid
Par
Fire
Homestead
134 %
25
Life
Agricultural
Agriculture
•
shares
1
Companies
Ask
10
Aetna
1.49
1.35
Bi(u
10
Aetna
25c
series
New York
shares—;
Aetna Casual & Surety
3.95
shares
Preferred stock series
X19.59
Automobile
12.72
priced stock common-
New England
20.22
Fidelity Fund Inc
•
Financial Industrial Fund, Inc.
First -Mutual Trust Fund-—-8
Fixed Trust Shares A
10
Foundation Trust Shares A—1
Fundamental Invest Inc—*—-2
Fundamental Trust Shares, A—2
Aviation
xll.63
Par
National Security Series-
Low
31.98
Agricultural
10
Inc
Income:, series
Equitable Invest Corp (Mass)-fl
Equity Corp $3 conv pfd——1
.:*•
12.03
voting shares
X4.94
Corp
General Investors Trust———1.
11.19
National Investors Corp
2.82
X13.56
Bell Teletype NY 1-953
Insurance
5.11
24.08
Securities—
series B
(Colo)
Low
General Capitaf
4.69
22.39
—1
Fund
Fund
Invest
Bond
X22.00:
New York 5, N. Y.
DIgby 4-4950
9.95
9.05
1
Trust
X2.82
I
42,00
10C
Investors
X2.32
25o
Fund
98.80
41.16 1
10c
Maryland Fund Inc
Mass
Howard-
Stock
96.82
40 Exchange Place,
Tel:
Manhattan Bond Fund Inc—
X2.32
Balanced Fund.
7.20
.10
Sayles Sec Fund
C 5.90.,
Eaton &
5.46
6.57
—
Fund
Loomis Sayles Mut Fund
Loomls
1
-1
1
Shares..
11.74
X4.91
S-3
Common
:
14.74
—.
Knickerbocker
Diversified Trustee Shares-^-
Dividend"
13.39
Members New York Curb Exchange
23.67
28.09
XlQ.66
S-2
Members New York Stock Exchange
19.95
21.50
25.58
Series
^
Fund
Delaware
18.21
K-2
Series
16.13
—--J
mod.—!
Series ACC mod—i
Cumulative Trust Shares—
AA
Series
11.55
> Series S-l
—13.20
3.90
—28.66
30.82
Chemical Fund
1
xo.89
1 °.70
Christiana Securities com—100 2,650
2,750
Preferred
!
—100
138
143
Commonwealth Invest
1
^5.04
; 5.48
Consol Investment Trust—1—— 1
41%
43%
X2.51
Corporate Trust Shares
1
Accumulative series——I
20.17
10.53
—
K-l
Shaskan & Co.
32.09
X18.35
—
B-4
Series
Ltd
Century Shares Trust
Series AA
B-3—
Series
Inv Fund
Canadian
29.36
29.25
B-2_—
Series
',>? Scries
__
x29.95
Quotations on Real Estate Bonds
Ask
28.01
B-l
Series
^
'
.
Series
.
:
4%
5%
4%
x3.94
101.64
18.41
-10
Bid
Par
"4
Keystone Custodian Funds—
'7%
16.49
.
4%
;
8
preferred—
Industry Shares
Inv Tr of America
Bond
15,34
1
A Common
A6%
7.59
4.46
27%
- 4.16
15.89
>;.■
Investing-—
Bankers Nat
Basic
Ask
6.98
x4.07
26Va
3.79
xl4.65
6%
Aeronautical Securities———1
Bid
10
2%
3%
327/8
34%
Quotations For U. S. Treasury Notes
Figures after decimal point represent one or more
-
Cify Banks & Trust Cos.
Ask
Kid
V;-
Bank of the Manhattan Co
Bank of New York—:
23s,s
10
—-'100
Bankers Trust
Brooklyn Trust
412 :.v
400
10
.——100
100
Central Hanover Bank & Trust 20
Chase National Bank
15
y
105
...
107%
Grace National
-55%'A:
53 %
y
110%
Co
Continental
41%
1;
10
—
Bank
&
51%
53% v
>•
46%
49%
Fulton
22%
-24%;:
Trust
51%
78
82
100 1,735
Bank
49%
1,775
100
.
170
Co com—20
•
/
Ask
51%
347
17%',
f
"
:
York Trusts——
^_25
98%
Public Nat'l Bank & Trust—17%
42%
Title Guarantee & Trust
11%
New
—12
United States Trust
100 1,460
15.
100.1
100.8
100,10
t%s
1%%
100.9
100.10
t%s Oct. 1,
99.28
3A%
15,
100.28
1%%
100.24
100.25
._—!%%
100.14
100.15
1947
15,
1948-
Sept.
Int. Bate
T~4 ""
Indebtedness—
t0.90s Mar.
t%s Apr. 1,
"
P/bS May 1,
1944
1944-^.
1944——s———
1945
r
1, 1945——1945
1945—
Obligations Of Governmental Agencies
45 %
12%
Ask
Bid
1,505
0.85s
Federal Land Bank
100.4
Reorganization Rails
93
95
97
99
Chicago Milw St Paul & Pacific
>>
1st 4s
1994'
Gen
income 4%s
Gen
income
Ai
•
100.6
June
15,
1944
0.75%
105%
75%-'
77%
1st 4s
income.
Denver
&
Income
103%
-2019
4%s
101%
67%
69%
3s
1955-1945
—
.-
62
64
82%
40
1st
Gen
St
mtge 4s—
Western
Inc
4%s_——1971
106%
108%
-——,.1991
.75%
82
4%s.
preferred
Common
Issuet
102.12
3s
1946
103%
104
3s—:
1947
1961
106%
106%
133
134%
Panama Canal
19
*
are
3s
45
Common
5%
preferred
Rio
&
_*
—
100
——
Grande
Preferred
17%
42
%
18%
43%
18
b0.37
0.28%
Aug. 31, 1944
bO.37
0.30%
September 7,
b0.37
0.32%
1944Aug. 10 1944Aug. 17 1944_
bO.37
0.32%
0.33%
—
bO.37
0.32%
1944—
September 14, 1944.
September 21, 1944.
September 28, 1944.
bO.37
3,
Ask
0.33%
b0.37
0.33%
Getober 5,
1944—
bO.37
0.34%
b0.37
0.34%
bO.375
0.35%
b0.375
0.35%
bO.375' 0.35%-
19
43
com
July 13, 1944—
Aug;
Bid
bO.37
Aug. 24, 1944—
Treasury bills—
July 27, 1944-
44
Bills
for discount at purchase
Ask
July 20, 1944-
45
77%
St
107
109
—
Paul
t
Optional
Western
—2014
Bid
18
Preferred
Free-.v
,
Pacific—
mtge
104.29
84%
2018
.1993
Paul & Saulte Ste M—
income
103.31
104.25
1, 1956-1948
United States Treasury
42
80
Minn
Minn
Ask
102.19'
103.28
1956-1946—
1,
3s
May
Bid
Ask
Common —.———'
Denver
Rio Grande-
4%s
1st 3-4s income—
0.77%
Youngstown—
Chicago Rock Island & Pacific—
1994
Conv
Bid
&
66%
Chicago Rock Island & Pacific—•
0.78%
b0.79
U S Conversion
102.9
1955-1945
Chicago Milw St Paul & Pacific
64%
—2019
3%S
5%
-V
0.76%
0.77 %
bO.80
U S Conversion
100
1964-1944
Rates quoted
•
103%
4%s B___2019
4S
—
Canton
Akron
4%s series B——________1988
b0.78
b0.79
if issued)
Stocks
Ask
Bid
0.70%
102.12
Other
Bonds—
0.60%
b0.72
Bonds—
3s Jan.
b0.90
Federal Land Bank Bonds—
Akron Canton & Youngstown—
4s series A
.'-1988
0.48%
b0.62
•
Federal Home Loan Bank—
and
b0.52
39%
102%
Commodity Credit Corp—
tl%%
Feb 15, 1945
as
Ask
52%
250
180
(When,
Bid
b0.12
——
1,
t%s Dec. 1,
t%s Feb. 1.
100.5
100.27
%
32ds of a point
t%s Aug. 1, 1944
99.29
100.4
1%%
1
-
tSept.
54%
-
1946
tSept.
41 %
100
%%
1945.
tDec. 15, 1945
tMar 15, 1946
tDec
Certificates of
%%
1945
15,
- -
100.5
1944
15,
Mar 15,
tMar
Maturity—
—
Ask
100.3
1944
15,
ISept.
Bid
200
20
50%"
—100 x240
12%
37%
preferred..
(J P) & Co Inc_
National City Bank
•
Trust—,.10
Exchange Bank & Trust_20
Empire Trust
-—50
National
-Conv
Morgan
Corn,
First.
Manufactures Trust
39%
Commercial National Bank &
__100
•
Guaranty Trust
_100 339
Irving Trust————10
16ya
Kings County Trust—
100 1,550 ,
Lawyers Trust—
25
38%
20
Chemical Bank & Trust
Trust
Par
f
f
24%
*
Sep
Bid
— -
Int. Bate
- —
Maturity
New York
& Sault Ste
c—
v
t
Pacific
Preferred
i
M—
—_
common
lot sales,
b Yield price,
c Stockholders of McQuay-Norris Mfg. Co.
an amendment changing the 150,000 no par shares of authorized
of $10 par common stock,
d Deferred delivery.
1 Flat pnce.
k Removed to Stock Exchange,
r Canadian market,
s Cash sale—not included in range for year,
x Ex-dividend,
y Ex-rights,
tin default.
tThese bonds are subject to all Federal taxes.
AQuotfctions not furnished by sponsor or issuer.
•No
13
.
14
1%
c
on
31%
32%
67%
69%
par
March
common
value,
28,
stock
1944,
to
a
Odd
approved
450.000
shares
THE COMMERCIAL &
152
FINANCIAL CHRONICLE
Monday; July 10, 1944
Week
Montreal Curb Market
(Continued
t
•
Lake
:—
Dome Mines Ltd
Gold Mines Ltd
35 %c
Howev Gold Mines Ltd—
Rand
Gold
Labrador
Mines
Shore Mines Ltd
Lake
•.
15c
10%
5,000
3.20
3.50
Jun
5c
1.40
1.40
100
1.22
Feb
4.25
800
3.40
Feb
63
125
40c
3,000
17c
76c
1,600
65c
2.45
4.35
1.50
100
8c
12c
4.25
4.25
550
1.07
1.20
6,600
12c
1.12
.2.80
--
4.25
6c
6V2C
6V2c
2.80
8,500
3%c
Jan
4.25 July
1.20 July
38,410,627
7,467,207,933
5,437,781,207
+37.3
3,640,194,930
(12
Federal Reserve
Cities)
1,876,858
Reading—
1,816,477
1,838,224
Scranton
3,256,445
4,002,846
—18.6
Wilkes-Earre
2,013,530
1,691,461
+ 19.0
York
New
Total
Federal
Reserve
200
3.25
Apr
•3.85 July
13
100
6.90
Apr
13
4.15
3.45
4.15
1,815
2.95
Feb
Jan
July
4.15
Columbus
July
_
21V4
Mar
(7 cities)—
Federal
West
Boston
—
-
Francisco
L—
Pittsburgh
Cleveland
+
101,300,000
Federal
Other cities, five days-
—
—
in
for
cities
week
—
<
147,325,234
+ 25.9
127,863,864
+
7.2
92,422,737
+
Week
Ending July
Federal
York
New
3d
Philadelphia
it
Mobile
..
+ 10.7
$7,525,632,261
+27.7
feth Atlanta
10
j,
7th Chicago
8th St.
9th
17
Louis
Total
-
Francisco
10
We
$
5,437,781,207
+ 37.3
3,640,194,930
3,750,026,015
now
add
week ended July
our
+
7.0
515,551,029
666,441,126
+
0.8
447,187,676,
276,097,197-
+ 16.7
200,560,618
354,739,843
+
17.7
234,789,619
663,943.460 "*+ 12.5
467,795,690
+ 13.3
183,927.445
r'
402,559,307
-V
+
1.6
130,672,539
6,898,671
284,203,882
282,014,270
0.8
202,330.197
162,367.596
156,078.709
127,023,484
+ 22.9
80,827,750
592,729,313
492,900,823
+ 20.3
335,450,606
9,905,476,023
+ 25.6
6,783,911,136
,+ 10.1
3,299,719,179
3,044,445,641
New
1943
July
JNew
-
cities)
5,263,357
-
Inc. or
•
$
8*4,572
769,465
807,396
+ 14.4
4,305,535
361,266,190
+ 23.9
1,016,435
509.439
358.259
295,033.209
+10.3
740,787
884,027
+ 42.2
,
3,235,831
259,014,851
309,165
509,144
+ 30.5
277,432
529,212,644
+ 11.6
366,505,757
1,331,008
+ 46.3
1,290,507
4.861,222
+ 33.3
3,999,222
5,452.892
2,924,187
2,572,550
+ 13.7
2,114,184
2,398 925
2,040,396
2,102,056
2.9
1,981,233
746,771,303
.
1
.
663,943,460
—
+ 12.5
•
382,981,880
1,159.680
:
467,795,690
1,577,348
/
' 482,682,085
I-It
;
166,900,000
185.700.000
Louis-
+ 11.3
111,600.000
110,500,000.
Tennessee—Memphis.
Illinois—Quincy
1,087,000
1,099,000
1.1
712,000
315,527,599
278,290,568
46,467.2^0
47,718.720
24,996,725
Total
(4 cities).
Ninth
Federal
Reserve
—
+ 13.3
24,003,275
829,000
.
182,894,515
183,927,445 1
District—Minneapolis—
4,293,219
Minneapolis
4,252,511
135,731.596
Minnesota—Duluth
139,088.450
1.0
4.033,129
3,694.262
2.4
85,709,468
87,968,708
+ 11.8
34,074,066
30,293,272
8.5
1,711.560
2,670.451
+
—
53,950,907
48,252.303
North
Dakota—Fargo
2,764,069
3,019,725
South
Dakota—Aberdeen-
1,670,280
1,247,972
+ 33.8
989,321
1,070,054
879,353
+ 21.7
854.640
864.860
4,706,065
4,143,947
+
13.6
3,300,355
3,773,511
204,186,190
200,884,261
+
1.6
130,672,539
130,370,103
St.
Paul
:
Montana—Billings
Helena—Total
(7 cities).
—
1,105,044
Reserve District—Kansas City-
193,726
137,321
1.8
137,985
167,217
8.5
3,378,007
2,823,918
—12.7
40.650.804
33,901.163
331,952
—
4.175,991
3,848.131
+
09.70d fUfi
71.817.218
4,019,920
Omaha—
—
10,720,145
4,971,475
+ 26.6
186.789
701,563
,—73.4
890,981
City—
190.602,042
6,291,646
Wichita————
Missouri—^Kansas
909,758
+
3,163,106
2,318,612
+ 73.9
2,311,057
6,327,348
194,731,206
Kansas—Topeka
151.883
136.898
—29.0
325.837
St.
!
Joseph—
Colorado—Colorado
Springs—^
Pueblo—.
Total
284,203,882
(10 cities).
Eleventh
Federal
Reserve
4.666.871
4.583.592
2.2
144,817.478
112,528.4196
4,143,888
S^OJIOO
116.9'
+
-
282,014,270
892,289',
2.1
—
+.
821.882
202,330,197
0.8 +
> 162,367,596
3,632,964
1,622,201
1,920.290
+ 22.0
60,768,000
56,276.982
13,282,976
+ 27.2
10,010.549
8,915,387
2,862.000
2,997.000
2,413,119
+-28.8,
1.866.803
Galveston
Wichita
+ 28.3
102.734,247
16.900,980
Worth
2,832.459
125.316.000
Dallas
Fort
1.432.292.
+
30.3
*1,200,000
1,138,118
5,254,862
4,328,391
+
21.4
4,365,000
3,143.005
127,023,484 ' ,4- 22.9
80,827,750
3.107.100
.
Falls.
Louisiana—Shreveport
156,078,709
(6 cities)
Federal
Reserve District—San
1,401,708
PasadenaSan
San
Jose
518,085,812-
.425,258,916
2,877,857
Santa
2.415,348
•
14,520,916
59,104.226
49,027.319
335,402,000
*1,500,000
1,349.028
.49.934,069
44.433.626
18.665.0L3
18,168,965
+ 25.2
2.1.
78,301,744
,+
26,217,193
+ 35.0
8,499,893
—12.4
4.963 343.
+ 27.9
3.001,334
2,930.644
271,366,994.
+ 23.6
190.057.816
134,849.574
2,726.865
2,668,350
'4,451.931
6,529,629
Stockton—
6,175,793
+■46*7"
3.529,194
13.929.992
+
713,037
,
2.5
5,°06,450
6.004,101
6.7
14,865,800
Total
9-to
Barbara—:
i-,
1.670.735
+
3.4
4,483,969
4,407,904
+
1.7
1,386,965
1,668,851
344,623,037
" '307,368,040
Grand
Total
+ 21.8
,
1,371,117
3,080,412
+ 20.3
335,450,606
9 905.476.023
+25.6-
6.783.911,136,
6,625,656,537
5,177,999,205
4,703,342,195
+10.1
3,299,719,179
3,044,445,641
592,729,313
till cities)
York
♦Estimated.-
.1,339,502'
2,945,988
••
12.443,318.856
(10 cities).
*
492,900,823
15,405,100
—25,3
.
-
:
824,102
"■+.
,
•;
"
'
.....—
Francisco.'.
+ 24.1
"
2.02.5.410
2.534.925
79.909.425
35.397.239
7,444,667
fi.348.352
City—
California—Long Beach—
;
2.565.224
+ 21.7
1,046,942
Lake
3,395.419
18;276,138
7,655.289
411,649
Utah—Salt
90.995,686v
112,951,166
|
Oregon—Portland—
8.7
—
3.159.971
20,246.900
74,390,782
Francisco—
Washington—Seattle
1.9
+
5,495,281
21,600.000
579.93D
1,187,365
District—Dallas-
Texas—Austin
+ 12.3
1,195,871
-
7,849.153
—
353.742
664,337
16.7
1941
$
4,372,302
22.242,292
,
4,315,650
1,946,814
Yakima
1,219.101,
—
11,204,718
I"
1942
Dec. %
$
3,547.655
._
1,564.291
•
6,479,975
Outside. New
(12
13,839,847
0.1
—
7,188,864
23,519.725
,
590,344,356
;;
Twelfth
+ 58.7
5,018,491
.
Hampshire—Manchester—— ...-.
Total
+ 19.3
6,940,114
+ 16.7
1
1,121,485
——
Bedford
Haven—-—Inland—Providence
14,763,725
6,938,382
(17 cities).
Total
Ended
447,638,236
—,
——
Connecticut—Hartford—
'Rhode
1,472,319
+
6,625,656,537
4,703,342,195
1,293,018
Springfield—
Worcester
7.3
+
5,187,102
-
182,894,515
*5.000.000
Massachusetts—Boston—
New
1,827.542
26.528,000
3,282,343
73,669,184
261,408,229
$
—
36,966,274
2,735.135
„.
25,649.000
3.7
36,622.384
74.390,782
*
2,327,476
7,474,344
25,617,401
17,618,015
City—
+ 24.0
'+ 30.1
1.960,657
Moines-
8,658,305
48,100,623
—
7,164,085
10,737,996
;
—
"
2,682.333
0.9
+
—
86,001,667
130,370,108
+
1944
,
••>
3,447,463
3,975,521
■"
3,417,457
2,202,745
v
42,738,932
First Federal Reserve District—Boston—
River
,+ 16.0
421,467
826.209
:
0.2
+
+ 70.1"
Kentucky—Louisville-
482,682,085
200,884,261
—
196,254,816
196,254,816
Clearings at—
Fall
—13.1
34,260,000
Louis—
,.'156,700,410
Week
Lowell-,
•
•
3,999,856
—
Missouri—St.
1, for four years:
Portland
797,194
5,240,981
3,289,153-
•;
:
241,230
49,664,934
234,789,619
detailed statement showing the figures for each city for the
Maine—Bangor——;
2,811.309
>
140.405
34,580,000
Haute
Total
545,424,288
700,100,868'
a
—
1,078,886
52,316,487 :;.i
.
:
Bend
Springfield
307,368,040
278,290,568
a
3,284,840
.
+ 17.7-?.
5.250,102
692,910
.
Peoria
1941
$
344,623,037
204,186,190
Outside New York City
V
1942
Inc. or
Dec.
5,177,999,205
6
354,739,843
•
1,879,868
+ 20.3
5,594,026
+
-
Lincoln™—.
12,443,318,856
City
•
•"
7.0+ '
+
63,400.000
-
District—Chicago-
Hastings
315,527,599
a
:
8.6.
—
200,688
84,193,157
Nebraska—Fremont
+ 21.8
746,771,303
l«
7
-
11th Dallas
I2th San
f d
If
4
.
Minneapolis
10th Kansas
it
4,930,198
214,824
417,629,587
Rockford—
V
425,258,916
1
a
26,503,961-'
101,275,945
Decatur—.
417,629^587
tt
6
-
30,281,947
Illinois—Bloomington
322,221.498
_
5th Richmond
996,891
25,748,611
30,353,000
•;
.
(10 cities).
Sioux
671,854,121
M
4th Cleveland
1,325,155
4,507,415
„
Orleans
Iowa—Cedar Rapids
748,822,909
__
_
—17.3
+ 26.0
+ 31.8
+ 27.7
7,467,207,933
««
12
„
+ 11.2
2,063,457
43,337,781
Wisconsin—Milwaukee—;
518,085.812
2d
2,163.838
■
$6,078,211,205
1,447,421,056
$
17,019.081
24,833,930
89,600,000
..+ 12.5 —
39.564,606
South
+ 32.9
1943
4
■
+ 20.6
39,254,575
130,200,000
1,706,248
Indianapolis
by Federal Reserve Districts:
$
4,185,524
5,378,376
+ 19.6
8,831,543
47,347,845
Indiana—FoH Wayne—
$4,779,074,240
1,299,136,965
OF BANK CLEARINGS
1944
1
Districts
Reserve
156,700,410
1,733,352
146.500,000
;
Tenth Federal
1st Boston
200,560,618
54,611,053
by 20.3%.
a summary
+16.7
49,501,807
31.9
We group the cities
according to the Federal Reserve Districts in which they are located and from this
it appears that in the New York District (including this city) the totals record an
improvement of 37.3%, in the Boston Reserve District of 21.8% and in the Phila¬
delphia Reserve District of 7.0%. In the Cleveland Reserve District the totals register
a gain of 0.8%, in the Richmond Reserve District of 16.7%
and in the Atlanta Re¬
serve District of 17.7%.
The Chicago Reserve District has to its credit an increase
of 12.5%, the St. Louis Reserve District of 12.7% and the Minneapolis Reserve Dis¬
trict of 1.6%. In the Kansas City Reserve District the totals are larger by 0.8%, in
the Dallas Reserve District by 22.9% and in the San Francisco Reserve District
SUMMARY
36,871,277
276,097,197
Alabama—Birmingham—
clearings at this center having recorded an increase of 39.7%.
furnish
38,992,041
34,150,817
10,558,393
Rapids
Lansing
:
ings for the whole country having amounted to $12,443,318,856, against $9,905,476,023
in the same week in 1943. Outside of this city there was a gain of 10.1%, the bank
v..
78,197,769
44,126,210
-II—
——II-JIII
Grand
Accordingly, in the above the last day of the week in all cases has to be estimated.
In the elaborate detailed statement, however, which we present further below,
able to give the final and complete results for the week previous—the week
ended July 1. For that week there was an increase of 25.6%, the aggregate of clear¬
we
1,961,732
101,763,808
Michigan—Ann Arbor—.
we are
.
0.9
+ 18.3
+ 13.2
+
+ 25.1
and the Saturday figures are not available at time of going to press.
following
?.6^6.673
153,483,404
2,406,057
Macon—
Complete and exact details for the week covered by the foregoing will appear
issue of next week. We cannot furnish them today, in as much as the week
In the
2,939,000
38,893,815
9 psq v\o,
Augusta-.
our
ends Saturday
5,327,000
53,861,951
181,559,867
Chicaero
Total all
785,657
774,850
+ 37.7
+ 14.7
Florida—Jacksonville
Des
five days—
Ail cities,- one day
Total all cities,
—13.8
1,428,191
6,119,000
73,437,888
Reserve District—Atlanta
Nashville-—
+ 15.0
$8,008,897,770
1,601,739,554
_
402,559,307
+
2,600,879
322,221,498
Georgia—Atlanta—
+ 26.8
178,089,000
$9,610,637,324
cities, five days
447,187,676
1,231,020
(6 cities)
Terre
Ten
0.8
.
Seventh Federal Reserve
$6,350,490,375
1,658,407,395
'
666,441,126
Columbia—Washington-".
of
Total
0.4
137,996,128
185,526,652
137,132,717
121,074,106
-
—
Baltimore
172,125,487
5.5
204,792,000
138,502,592
...
Louis
San
186,052,186
84,216,669
Tennessee—Knoxville
+ 20.4
"
■
128,400,000
City
Kansas
Bt.
5.9
—
8,428,000
Carolina—Charleston
Sixth
+ 22.4
+
3,599,629
289,603,831
+ 42.5
399,000,000
221,393,390
421,000,000
266,664,339
.
3,368,584
IIIIII
Louisiana—New
.
305,242,097
373,491,096
Chicago
Philadelphia
%.
36.3
;
Mississippi-—Vic ksburg
•-
•
$3,068,441,790
$4,373,906,873
York—
New
'
'
1943
2,308,810
+
!
Virginia—Huntington
Total
,
'
+ 38.5
District—Richmond-
Richmond
CLEARINGS
1,716,910
3,058,787
671,854,121
____
Reserve
Virginia—Noriolk
District
2,377,551
272,630,728
Pennsylvania—Pittsburgh
Total
+
2,989.653
2,821,649
.
4,167,592
.
—III
Youngstown
July
3.65 Mar
Jun
Jun
__
Mansfield
+ 11.2-
4,537,041
5,042,991
Fifth
'
545,424,288
11,773,300
3.85
.
515,551,029
10,671,100
3.60
1944
7.0
+
9.7
3.85
Clearings—Returns by Telegraph
700,100,868
14,850,700
1.95 July
76c
with a year ago. Pre¬
liminary figures compiled by us, based upon telegraphic advices from the chief cities
of the country, indicate that for the week ended Saturday, July 8, clearings for all
cities of the United States from which it is possible to obtain weekly clearings will
be 27.7% above those for the corresponding week last year. Our preliminary total
stands at $9,610,637,324, against $7,525,632,261 for the same week in 1943.
At this
center there is an increase for the week ended Friday of 42.5%. Our comparative
summary for the week follows:
,
<
1,610,318
16,696,700
16.291,900
4.05
Week Ending July 8
1,667,098
5,885,800
Ohio—Canton
clearings this week will show an increase compared
-
+ 10.3
+ 53.9
District—Cleveland—
Maryland—Baltimore-,—.
t,
1,700,427
5,814,000
748,822,909
C'ties)——-—r
(10
Fourth
South
Bank
1,042,965
1,975,394
8,945,100
Jersey—Trenton
76,163,553
Jun
THE COURSE OF BANK
2,273,346
2,652,977
1,307,793.
133,306,826
Jun
3.05
1,248,673
2,191,027
:t
75,478,954
1.25
Jan
19
1.2
166,486,393
1.60
275
1,412,165
517,000,000
7.1
3.40
1,380
709,221
1,604,047
499,000,000
6.6
+
+ ' 1.6
56c
3.40
+ 26.9
—
+
9,000
20 Va
681,000,000
673,752
1,352,844
750,000
115,613,900
3,800
20
•626,580
1,270,011
?
1.5
+
1,478,780
726,000.000
1.2
+
+ 28.6
237,059,957
26,800
3.30
772,817
117,444,423
73c
20
594,956
1,207,357
784,784
253,898.936
1.95
—
602,004
1,552,311
'
Cleveland
4.05
•
3,750,026,015
District—Philadelphia—
Cincinnati
Mar
65c
—1•
31,322,798
•V
July
Jun
42c
;—1
Oil Co Ltd—
Royalite
1.4
1
k
•
+
July
66c
1.76
1, Home Oil Co Ltd
41,231,410
90c
2,300
3.85
Oils—
41,821,789
.
.
May
1.76
13'
588,820
24,172,672
.
.
8c
4.00
♦
6,766,171
390,649
+ 13.1
Jan
1
*
5,837,935
7,392,827
25,581,840
Philadelphia
Jan
9c
90c
Ltd
10,708,967
5,928,993
>
+ 18.7
Lancaster-—
4.25 July-.
Apr
1.25
Wright.Hargreaves Mines Ltd
375,063-
3,608,210,896
10,082,360;
:
.
577,288
1,023,710
878,767'
26,868,918
Chester..
2.80 July
July
,-1
Hughes Gold Mines Lt.d
424,368
+ 16.8
.
31,888,966
Bethlehem
July
77c
•
+ 39.6
Pennsylvania—Altoona
1.50 July
12c
1.00
Ltd
Mines
Cons
+ 85.5
6,786,317
Jersey—Montclair_
Third
4.35 July
Jan
84,025
c
5,202,133,828
13.013,905
•7,294,481
9,473,948
Total
Jan
Jan
4c
3.70
200
31,000,000
854,893
5.5
Northern New Jersey.
July
May
3.40
6,000
,
40c
80c
Jan
90'c
3,484,191,957
1,389,101
1,198,477
42,700,000 "
9.3
—
Newark
July
Apr
7c
300
V
6V2C
63
1.24 Mar
•
1,500
2.80
6c
4.25
—•,
Feb
May
1.38
32,175
1.50
■
•'•v.'-
+ 39.7
—11.8
6,238,352
20
56% May
--
3.60
+ 23.4
15,206,201
New
4.25 July
15%
400
20
1,016,961:
1,254,528
Syracuse
3.50 July
July
1.40 July
19%
+
Rochester
May
18c
Vac Jan
1.51 May
1,700
1,157,929
7,265,319,651
Connecticut—Stamford-
July
15c
$
28,457,657
23,303,540
•
10% July
9.20 Mar
4
67,100,000
1,221,894
York
New
July
1.01
Rock
Ventures
;
;
94c
Jan
Jan
3c
300
12c
Mar
IV2C
88,600
11c
6]/2c
Gold Mines Ltd
-*
Gold Mines Ltd-—,
,1
; Shawkey Gold Mining Company
1
r'l Sherritt-Gordon Mines Ltd;—.—1
Siscoe
Gold
Mines Ltd—
1
Sladen-Malartic Mines Ltd
1
■
32,214
76c
San. Antonio
Teck
1,500
5c
36c
Red Crest
Steep
55c
-90c
10c
4
Sullivan
41c
63
Goldfields
Mclntyre-Porcupine Mines Ltd
5
McWatters Gold Mines Ltd-—
♦
Hi! Normetal Mining Corp Ltd—
.•/
r O'Brien Gold Mines Ltd
1
:
Pamour Porcupine Mines Ltd
*
Pandora Cadailic Gold Mines
1
Pato Cons Gold Dredging
—*
J Perron Gold Mines Ltd
—1
Prestoil East Dome Mines Ltd—1
.
July
1,649,076
68,933,032
1,869,363
60,830,000
4
Jamestown
May
41c
—53.8
$
"
Jun
67c
Feb
>
4.05
1
1
—
Leitch Gold Mines Ltd
2.47
Apr
July
10 Va
14c
10c
3.25
19
Malartic
:
1.75
28c
"28c
500
-
1941
1942
Dec; %
31,879,160
Elmira
Jan
29%
May
1,500
28c
4%c
5c
26 V4
1,900
2.40
.
90c
1
..——-—1
——*
Addison Gold Mines
Kirkland
220
41c
1
Joliet-Quebec Mines Ltd-.
Kerr
9,000
29%
28c
.'Inspiration Min & Dev Co
1
J-M Consolidated Gold Mines Ltd____l
«•
37c
29 %
July
Inc.or
$
District—New York-
Reserve
York—Albany.—.
Buffalo
1.25
500
2.35
Federal
Binghamton
Range Since January 1
Low
High ■
2.20 July
Jun
37c July
35 Vac July
Shares
2.20
*
1
*
1
——
Malartic Mines Limited
East
Francoeur
New
for Week
-
of Prices
2.20
—1
—5
Cochenour Wilans Gold Mines
Sales
Low- High
Par
Coin
Rang©
.
Sale Price
STOCKS—
Ended
1943
t
Second
page 150)
Week'a
from
Friday
y Last "
-
.
1944
261,408,229
,
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4297
Volume 160
utider the company name in our "General Corporation
Investment News Department" in the week when
Redesnptipn Galls and Sinking Fund
Per
'V'.
and
declared.
•
■
•
The dividends announced this week are:
Name of Company
share
!
Scythes & Co;, Ltd.'(s-a)........
*
(s-a):
7%. preferred
Seton Leather Co.
$50c
.....
$87'/aC
:
(irregular)..__
50c
*
Slater
preferred and common stocks called for redemption,
including those called under sinking fund provisions.
The date indicates the Redemption or J ast date for mak¬
ing tenders, and the page number gives the location in
which the details were given in the "Chronicle,"
NOTICES OF TENDER
Page
Company and Issue—
Date
Bush Terminal Co., 1st mtge. 4s, due 1952;——..July 25
Consolidated Gas Electric Light & Power Co. of Bait.—>
.
bonds, series A, due 1956
..—
—
July
Lef court Realty Corp., conv. preference stock———July
Metropolitan Playhouses. Inc., 5% debentures due 1945_July
Mississippi Power .& Light Co., $6 preferred stock——July
PojirNew England Theatres, Inc.—
1st mortgage
4%
g
20
10
10
12
$2638
$2306
13
2677
July 20
bondy due 1958——!——
PARTIAL REDEMPTION
Company and Issue—
:
Date
due 1951—1——Aug
1
\
Allied Stores Corp., 414 % debentures
American Utilities Service Corp.—
Page
$2409
<
$2298
bonds dated 1934——————July 31
Power Corp.,
1st & ref. mtge. 5% & 414%
bonds, due 1950——^————^-—^———Aug
1
Armour & Co. of Del. 1st mtge. 4s, ser. B, due 1955__—Aug
1
Beatrice Creamery Co., $4.25 preferred stock---———Aug
1
Collateral trust 6%
due
1962
—
3
$2627
$2631
gen.
5
1
$1968
1
j
5
1
$2300
1
6
bonds, series E, due 1969———Aug
1950——Aug
Electric Auto-Lite Co. 214% debentures due
Froedert Grain & Malting Co., Inc.—
314% debentures due 1958——
Indiana
Hydro-Electric Power Co. 1st mtge. 5s,
1958
————
-
ser.
Rys. of Central America,
refunding 614% bonds due 1947
*
5
Mercantile
Secured
Properties,
414%
dated
2304
debentures, due 1932
$2304
*
7
$2417
1
1
13
1
13
1
bonds,
of
Beau
California
Briunmell
50
^
,
7-15
8-31
7
51
Shell Union Oil Corp., 20-yr. 2%% debentures due 1961-July 15
Union Oil Co. of Calif., 3% debentures, due 1959
-Aug
1
2678
Aug
•Union Terminal Co., 1st mtge. 3%s due 1967—
Aug
United Amusement Corp., Ltd., 1st 5s, ser. A, due 1956__Aug
United Printers & Publishers (Inc.), 6% debs, due 1950_Aug
53
$2569
1
1
$2679
*
1
United States Leather Co., prior preference stock
Sep 30
Willys-Overland Motors, Inc., 6% pfd. stock (par $10)-Aug 1
ISSUES
53
$2349
7-10
1
7-10
-
$37>/2C
Class
B
$2513
& 4%
bonds due
1949—Jan
$2513
-|$2410
Cerro
de
Pasco
Belt
1
$2299
City Ice & Fuel Co,, preferred stock-—-—
Sep
1
Consolidated Textile Co., Inc., 5% debentures, due 1953_July 21
Dallas Ry. & Terminal Co., 1st mtge. 6s due 1951——July 10
Deep Rock Oil Corp., 6% debentures due 1952.
—July 15
Tar
&
Chemical
Co.,
$2633
1
7-10
weeks and not yet
2
8-21
dends
$25c
$$2
$2518
$2193
Serial
debentures, 3lk%, series A—Aug
$2634
1
15-year 4>/2% debentures, series A
*
i*
—Aug
1 >$2634
Duplan Corp., 8% preferred stock————.
$2195
—Aug 15
General Steel Wares, Ltd., 7% partic, preferred
9
stock—Aug 1
Harvill Corp., 6% preferred stock——————Oct
1
$1863
Illinois
Power
Co.—
■
.
..
-■■
■•■
1st & ref. mtge. bonds, series A, due 1953———Oct
Lexington Ry., 1st mtge. 5s, due 1949—
—Aug
Metropolitan Edison Co., secured cons. ref. 6s due 1961-July
Mohawk Valley Co.—
f
6% gold debentures due Oct 1, 2031
July
6% consol. refunding bonds due 1991
—July
National City Lines, Inc., $3 conv. preference stock
Aug
National Container Corp. 15-year 5% % debs., due 1952-Oct
NY PA NJ Utilities Co., secured 5% debs., due 1956
July
1
$1447
1
—
$2523
15
$2234
1
$1766
15
$2524
$2307
bonds, series A, due 1967—Dec 31
bonds, series B, due 1961—Dec 31
-
due
1944
.
bonds,
/•
51
51
A,
4%
Corn
Bank
Exchange
Quarterly ;
Bros.,
Packing
Detroit River
Trust
Co.
Inc.——.
Tunnel
i.-.
(s-a)
——
$2237
$2124
1
$2679
Temple University, 1st lien & ref. 6s——
.—Aug
Temple University-Greatheart Sqciety, Inc., 6% bonds—Oct
1
$2679
Pacific
1954
Ry.
Through
——
—
Southwest Telephone Co., 1st
Texas
Pacific-Missouri
Short
mtge.*6s
Pacific
1st
Line
4s
'
,
ser.
Terminal
of
RR.
class
Class
6%
Halle
$In Volume
first
we
which
we
we
follow with
#
$2348
7-15
7-15
7-10
7-
6-21
9-16
$1
8-
1
9-
1
8-
$$2
8-
1
1
7-
3
7-15
7-8
7-
5
6-30
v
$1
8-
1
7-15
30c
;
(quar.)—,
$3.50 prior pfd. (quar.)
Light & Power Co.—
.7%, preferred A (accum.
—
6Va% preferred B (accum.)___;
—
Int'l Utilities Corp.,
Co.,
7-1
6-16
American
News
7-1
7-
1
1
7-15
6-30
15c
7-15
—_—
50c
9-
1
10-
2
11-
1
5.2% pfd. (quar.).—_
Lexington Union Station, 4% pfd. (s-a).—
Loomis-Sayles Mutual Fund (quar.)——
Loose-Wiles
9-25
8-20
$1.30
7-15
6-30
$2
Macmillan
Petroleum
1
.
8-
1
7-17
15c
—_
6-30
25c
7-19
7-
Inc.—
10c
7-15
7-15
7- 5
(accum.)
75c
8-
1
7-17
$6 1st preferred (quar.)..—
McKales, Inc. (s-a).
u————
Mid-West Rubber Reclaiming (quar.)—
$1.50
8-
1
Co.,
$3
...—^
Narragansett Electric,
National
Aviation
pfd.
pfd.
4J/2%
Corp."
Insurance
7-17
Pensi-Cola
25c
7-25
8-1
8-1
8-15
8-15
7-14
1
15c
8-1
7-20
$1.50
6-30
6-30
$1.75
7-15
$1.50
7-31
7-13
$5
7-15
7-11
1
7-15
7-29
1
7-21
50c
$1.25
$1
a
second table in
many cases are
rec¬
giveB
¥>
8-
8-1
&
Wilcox
9-
1
8-
7-27
6%
7-20
Class
10c
8-10
7-15
7-
30C
8-15
"
lie
7y2c
1
7-
7
Brothers,
(quar.).
Insurance
(quar.).:
Saguenay Power Co., Ltd., 5Va% pfd. (quar.)
9-1
7-28
<
8-
1
6-30,
:
25C
$1
7-10
8-
1
8-
1
7-12
6-30 ,
5 '
7-
7- 3
7-
3
1
7-15
25c
7-31
7-15
6-30
7c
8-
$1.50
7-15
17y2o
7-21
7-15
15c
8- ,1
7-10».
$2
Inc
7-10
6-30*
$$1.75
7-15
6-30,
$25C
9- 1
7-28
6-30.
$80c
7-15
$$1
10-2
>8-31
$$2
7-15
6-23
50c
7-28
7- 7
$1
7-20
7-10
$15C
7-15
6-30
15c
7-10
6-13
22yac
7-25
7-15
$1
7-31
'
—
62'/2c
...
—
50c
—
t
7-15/
7-31
7-15
1
7-10
8-
6-20
$32%c
7-15
6-20
Bridgeport Hydraulic (quar.)—
Columbia Power, cmss A (quar.)—
British Columbia Telephone—
6% first preferred (quar.)——
—
35 c
7-15
6-30
$40c
7-15
6-30
$$1.50
8-1
7-17
Trust (quar.)—.
(quar.)—.——.—*
$1.30 pfd.
.
British
v.
$$1.50
Byers
(A. M.) Co.,'7% pfd.
Caldwell Linen Mills,
California
8-
1
7-10
California-Oregon
25c
7-15
7-7
7-15
7-
Electric
(interim).—_
$25c
common
Power,
Power,
7% preferred (quar.)—
6%
6%
8-1
i
6-24
$1.75
7-15
.
(quar.)—
common
...
;
———
preferred (quar)——.—
preferred series 192? (quar.)__
——
1
8-1
7-10
$20c
8-1
7-10'
J
7-10
$38C
.
—-
$3 pfd.
>
7-17
7-15
—:—
(quar,).——
$1.50^Ist preferred (quar.)
80c 2ncUpart*c. preferred
7-15
8-1
$25c
6% 2nd preferred (quar.)—
Paper^ (quar.)
Brompton. Pulp &
-
•
j
(quarJ.
7-10,
7-17
'
$1.50
$2.50
6-30
7- 8
1
8-11
6-20
1
8-
8-ii
8-11
7-20
7-25
t$i.37y2
1
1
9-1
7-15
8-
7
99-
7-15
5c
preferred
25c
$1.75
16c
7-15
37y2c
1
$20C
$1
3iy4c
9-
$1.50
(quar.)
(quar.).—...
(quar.)
5c
--
$1.75
class A (quar.).
Brantford Cordage, Ltd..
7-15
7-14
6-30
$10c
7-21
8-
7-10
Personal Property
1
8-1
7-1;
15c
——
Bralorne Mines Ltd.
7-20
$1.13
7-15
.
Boston
7-10
$1.25
B
7- 6f <
$1
$$1.37 y2
....
8-
<
8-1
(quar.).*.—
Edison Co.
7- 5
of New1 York (irregular).
I
:
Reserve Investing Corp.. $7 pfd. (accum.)—
Rheem Manufacturing Co.* 5% pfd. (quar.)
6%
preferred
Boston
7-17
50c
$1.50
$10c
*.-——**»——_.*_*.——;
Bon Ami Company,
1
50c
.
$1.12%
class A (accum.)_
(monthly)
Co.
Bloomingdale
7-15
Reinsurance Corp.
Penner Company
Rochester-American
(quar.)..,.—
Co.,
Blaw-Knox
7-15
7-31
—.
Quarterly Income Shares
In the
8-
6-30
30c
$1,10
...
(quar.)—
8-
32y2c
——
.....
Purolator Products, $4.50 pfd.
preferred
Nichols & Co., $5
Rubber Co.
7-15
$1.18%
6-30
Belding-Corticelli, Ltd., common (quar,)—
Bell Telephone Co. of Canada (quar.)——
Best Foods, Inc..—-————
Biddeford & Saco Water (quar.).
—*—_
Biltmore Hats, Ltd. (quar.) —
—
7-15
—
7-15
(initial)
Corp.'(Phila.)—
;
6% participating preferred (accum.)—.—
Barber-Ellis (Canada) 7% pfd. (s-a)-—*—
Bathurst Power & Paper Co., Class A—
Quarterly
—*,
— .—;
——
Beath (W. D.) & Sons, class A (accum.) —**
7-31
8-1
50c
Bankers Securities
7-31
10c
(quar,).*
Bangor Hydro-Electric Co.
7-15
133/4C
—
6-30
6-21
Baldwin
7-21
10c
7-15
7-22
Babcock
7-11
50c
$1.25
1
5y2%
7^15
Light Co.,, $6 pfd. (quar.)
Puget Sound Power & Light Co.—
Subject to approval of Washington Depart¬
ment Public Service..—
7
:
7-21
Baldwin
1
Gas
7-
i
Hocking Glass Corp., commonPost Fence, 6% prior pfd., (quar.).
8-15
———.—.
Mining Co
4
7-31'
7-14
9-3
8-
(quar.)—.
8-31,
$1.75
7-8
7-20
—
Co.
PiedmontNorthern Ry.
6-15
8-
7-14•.
1
'
6-30^
7-15}
50c
8-1
8-
64y4c
(quar.)
$1.12%
7-24
$1.50
(quar.)—
i-.l.
—.—
7-10
7-15
Avondale Mills, common
....
i
7-15
$1.25
15c
Austin
—
Company
30c
pfd.
non-cum.
25c
7-20
Telephone Co. (quar.)..—
North Penn Gas, $7 prior pfd. (quar.)..—
Northern RR. of New Hampshire (quar.)—
Northern Trust Co. (Phila.) (quar.)
Northwest Engineering Co.
Nunn-Bush Shoe, 5% preferred (quar.).*—
7- 5
7-14*
$1.25
7-20
1
Merchandise Co.
7-5
1
(quar,)—,.U*
(accum.)
6-30
8-
preferred (quar.)
Brothers, 4%% preferred (quar.)
7-15
—*—
&
1
25c
(s-a)
8-
25c
Cable......—_*.—.—
Wire
7-30
7quar.)—
5V2%
20 c
Fran.)
(San
8-
National Battery Co.v„
National Chemical & Mfg._.__.—
National Liberty
Co.
50c
lc
1st"
•
7-13
7-15
$1.73
(monthly).
(bi-monthly).——
30c
Forging Co., Class A (quar.)—
Mount Diablo Oil Mining & Development Co.—
6-28
preferred (quar.)
7% preferred (quar.)....—
——
Atchison Topeka & Sante Fe Ry.—
5% preferred (s-a)„_——.——
Athey Truss Wheel..—.—...—.*—
Atlantic Refining Co., 4% pfd. (quar.)
Ault & Wiborg Proprietary, Ltd.—
7- 5
10c
preferred
Maytag
7-11
6%
7
Fund,
Bond
5
25c
—.
Anglo-Huronian, Ltd.
.*————
Appalachian Elec. Pwr., 4%% pfd. (quar.).
Arlington Mills (quar.)....—
Aro
Equipment Corp
Artloom Corp., 7% preferred (quar.).:
Associated Dry Goods Corp., common
6-30
7-15
6-30
7-
•■■'*«—• ■
Trust
Anchor
6-15
7-15
20c
(quar.)—
Corp...—
7-
1 8-11
50c
———_—
Biscuit Co.
Co.
$5 prior preferred
6-30
50c
11-25
Zinc, Lead & Smelting—
Anchor
10-13
7-13
1
7-10
7-15
first
Anaconda
9-15
$1.75
8-25
12-
15
7-15
American
6
$1.50
—
Fund
7-
1
$1.50
American
6-30
7-25
50c
Lexington Telephone,
7%
6-30
7-15
iy2c
9-
$1.75
Smelting & Refining, common—.
preferred (quar.)——... *
American Telephone Co, (Abilene, ICans.)-—
5% preferred (quar.)—
6-30
7-15
6-15
$1.75
common.*..
Rolling Mill—
convertible preferred
4y2%
6-15
60c
7-10
7-15
American
6-15
7-
8- 1
$1.25
pfd. (quar.)—.
American President Lines, 5%
6-15
81j/4C
7-20*
6-30
—
American
87V2c
6-30
7-15
8-15
7-15
56y4c
Corp.
Products
7-21
(quar.)
Co.
6-30
75c
——
Products
10c
& Electric
Growers
Maize
1
$1.50
7-15
(initial)
pfd.
Home
8-
—
——_
Fruit
Aiperican Furniture Co., 7%
7-15
...
1.
S-4
4y2%
American
75c
Koppitz-Melchers, Inc.
Kroger Grocery & Baking, common (quar.)_
6% 1st preferred (quar.)————
7% 2nd preferred (quar.)—
Hoe,
7-
87V2c
6-20
6-30
—;*._——
&
preferred
4-21
1
preferred G (accum )___
Keystone Custodian Funds, Series B-3
6%
8
8-
7-15
25c
(N. J.)
7-15
Iowa Electric
______
B
7-
$1.25
6-20
7-15
7-15
75C
Fork
American
8
»
-t
series of 1928
stock or cash
div.
class
American
75c
preferred (s-a)
opt.
share of
a
American.
9 3/5c
•
7-17
7- 3
8-
5c
Corp—
District Telegraph
60c
(accum.)
8-15
1
7-15
20c
preferred (quar.)—..—.—i.i——
American Envelope, 7% preferred (quar.) —
7%
preferred (quar.)..*—.
—...—
American Fidelity & Casualty (quar.).—...
.
nreferred
of
20c
(quar.)
-
j
9-15*'
9-1
25c
5%
6-26
,
class A
conv.
3*2
American
7-24
$$1.50
—
$1
12>/2c
1
7- 5
1
10- 2
$1.06 'A
(accum.)
7-24
8-
•
Cities Power & Light Corp—
$3
1
8-
20c
(quar.)—.....——
American
:
7-10
$25c
$$1.25
pfd. (quar.).
Central Mfg.
1
$40c
preferred (quar.).—....—■
pfd.
7-
9-
common..—.—
American
7-31
7-15
f
7-31:
6-30;.
50c
Co.
12-20 ;
1-2-45
9-25
Roof, common (quar.)..
(quar.)....*——...
preferred
7-14
1
8-10
...——
——
8-
7-20
Asphalt
American Can
8-26
1
9-
10c
Mfg.,
6-30
7-10
87j/2C
Extra
6-30
1
$25c
Ltd., Class A———
$7
6%
7-16
1
7-15
7-
25c
Corp.,
1
:_w
$2.40*".preferred
Extra
American
8-26
Imperial Chemical Industries—
American deposit rets, for ordinary shares
Portland
Further details and
in
6-30
1
9-16
Pennsylvania Elec. Co., 4.40% pfd. B (quar.)
show the dividends previously announced, but
which have not yet been paid.
ord of past dividend payments
3
7-31
$25c
Parke Davis & Co
159.
grouped in two separate tables.
Then
78-
...
Class A
53
bring together all the dividends announced the
current week.
1
15c
53
DIVIDENDS
are
7-17
7-15
8-
of Canada, 5%
Goods
6-30
,
.25c
Cement..
Portland
Alpha
$3
6-30
7-10
25c
Allied Stores Corp., common
Amalgamated Leather, 6% conv. pfd. (accum.)
Amalgamated Sugar,-5% preferred (quar.).
American Airlines, $4.25 preferred (quar,)..
American Alliance Insurance (N. Y.) (quar.)
7-31
8-
$1.50
$1.25
.7- 1
-
(quar.)— .i—————
(quar.)——....
preferred
,
25c
u--..——
Aluminum
$$2
(quar.)..——
(interim)——_—
Leland Electric Co..
... ....
5-26
25c
—
Dividends
7%
7 :
50c
$1.75.
25c
(quar.)—.——
Alabama
5
8
$$1.60
Inc.
...
7-12
7-
;—
Lawrence Gas
Reduction,
Extra
;i; 7- 7'
Holyoke Water Power,Co. (quar.)———
Houston Light & Power, $4 pfd. (quar.)..—
Series
7-15
——
7-15
9
Wares. Ltd.
Motocycle, 6%
3c
Fund
7-19
8-
—_
—
Investing
7-15
V.
Power, $5 preferred (quar.)-..—
Allegheny & Western Ry., Co., gtd. (s-a) —
16J/2c
(quar.)
B '
Hutchins
6-22
$1.38
Allentown-Bethlehem Gas Co.—*
7-
Oil——.—
Brothers,
7*10
7-19
9
Bridge Works
1st
6-30
25c
Affiliated
7-15
2%%
——
of Canada,
Inc.
7-14
Aluminum Co.
b
Pitt
7-15
Laboratories, 4% preferred
7-
1
8-
6c
Ford Motor Co,
of Ree.
$1
15C
7-21
1
7-24
,$4
(interim).
preferred
Bolder*
Addressograph-Multigraph '.—
Aeolian Co., 6% preferred A (irregular)—.
5
10%
Inc., 7% Pfd. (quar.)—
6%% pfd. (accum.)—
6%
8-
8-
$1.50
Polaris
this issue.
8-
40c
—
(final)—
Pacific Public Service Co., ,$1.3Q pfd.
New
1st mortgage 5%s, series A, due 1964—-Sep
1
Telephone Co., 1st 4s, ser. A, due I960.
Aug 23
Utica Gas & Electric Bldg. 1st mtge. 5s
.——Aug
1
Webster Eisenlohr, Inc., 7% preferred stockAug
1
Orleans,
in
8-21
First Mutual Trust Fund Shares (irregular).
Paper,
When
Payable
>share
(quar.)..
Abbott
6-30
Ferry Cap & Set Screw——.——_—
Fibreboard Products. 6% prior pfd. (quar.)_
Outlet
1
Texas
Announcement
7-15
8-
2%
-
(irregular)
Employers Group Associates (quar.)
Pipe Line Co. (irregular)—
Faber Coe & Gregg,
Federal Grain, Ltd.,
Companies
Miscellaneous
and
Per
7-14
:7'/2C
—
——
Dunlop Rubber Co.—
American deposit rets,
paid. The list does not include divi¬
week, these being given in the
Name of Company
Y.)—•
(N.
—
—
New York
1
due
8-31
this
Industrial
Air
dividend)^———
(stock
Corporation of N. Y.
$2528
'1
"
1
25c
New York
gold bonds—Central Pacific stock coll. due 1949>__Dec
Central
6-23
60c
Davidson
Neisner
Oct
A, due 1945-Aug
'
6-30
15c
sif America—a
Corp.
$2528
Aug 15
A; due 1951_Aug 15
Southern
'•
8-10
Royalties, Inc., 6% pfd. (quar.)
Consolidated
National Tea.
>
ser.
8-25
5c
ser.
7-15
25c
7-15
3V/zC
^
bonds,
—
1st mtge. & collat. trust 4%
Pacific Co.— -'•//
$2678
.
$1,25
1
1
announced
6
8-
Class A (quar.)—
Munising Paper Co., 5%
$2675
7-15
Adams Express Co—..———.—/—-—-——
$2308
,
8
15C
,/'•:
6
9-
Moore Drop
$2523
1
-
.
77-
9-15
9c
—
$2523
15
7*
$$1.25
preceding table.
9-20
7-20
7-20
25c
——
Corp.
Manhattan
;
15
1st mtge. 4 %% bonds, ser. A, due 1962-July 15
Pennsylvania Co., 4%' secured bonds due 1963—
Aug " 1
Peoples Gas Light & Coke Co.—
; '
V
;
Ref, mortgage ,5% bonds, due 1947
-Sep. 1
'Rochester Button. Co/ preferred stock
;
Sep/ 1
Scranton-Spring Brook Water Service Co.—
' - ■ 1st mtge, & collat. trust serial 3%%'
2
1
75c
Copper Corp.___„
$2637
Otis Steel Co.,
Simpsons,' Ltd.-—.
10-
8-
10c
(resumed)—
Mills
$1.50 participating pfd.
Second
.
1st mortgage & ref. 5%
1st mortgage & ref. 5%
8-15
$$1
—
Ltd.—
7*10
lc
'
give the dividends announced in previous
8-
$2516
Dominion
8-
we
10-
$$1
Co
Commodity
6%
$2631
6-30
$1.25
——
—.
$2
1
6-30
$1.50
(s-a)_..._.
$$1.25
—
Ribbon
Century
$5
,
Pennsylvania Ry.—•
preferred
Below
Indiana Associated Telephone Corp.—
,
37>/2C
Co............—
York &
(s-a)
$62>/2c
Oil, Ltd., common (quar.)—
8% preferred (quar.)————
Canadian Wallpaper Mfrs., Ltd., Class A—
Indian
CALLED
Company and Issue—
Date
Alleghany Corp.—
-20-year .collateral trust .convertible 5% bonds due 1949_Aug
9
20-yr. collateral trust convertible 5 % bonds due 1950-Aug 9
.American Fork & Hoe Co., 8% preferred stock—.
July 15
Art loom Corp., 7% preferred stock—^Sep ,-1
Century Ribbon Mills, Inc., 7% preferred stock-,
—Sep
l
Chicago, Burlington & Quincy RR.—
$2
50c
.....
6-29
1
Gordon & Belyea,
1
1947—
Illinois Division mtge. 3y2%
7-29
7-11
2
Mills,
ENTIRE
25c
$3
Westgate-Greenland Oil (monthly)L.:
Weston (George), Ltd., 5%
pfd. (quar.)—
Wisconsin Public Service Corp., common....
5%
preferred (quar........
Ziegler Coal & Coke Co—
7-31
'
8-
General Steel
—
8-15
25c
...
7-
General
due
5%
7-20
7-31
10-
l
414s,
8-
8-15
7-15
15c
"
...—
..........
Gas Light
New
Common
15c
4
mortgage
Western
$$1.50
Corp.
D—Sep
1st
Washington
7-6
$$1.75
Steel
1st mtge. 414s, due 1979.Aug
St, Joseph Ry., Light, Heat & Power Co.—
■
ser.
7-15
8-11
5c
(irregular)—
Inc.
8-
8-
$1.50
—
(quar.)——;
..........
9-
Calgary Power Co., Ltd., 6% pfd. (quar.)—.
Canadian Bronze, Ltd., common (quar.)—
5%
preferred (quar.)—i——
Canadian Food Products. Ltd. (quar.)—-—
Fort
Safe Harbor Water Pwr. Corp.,
■
Ties,
Assn.
Common
6
pfd. (quar.)—
(quar.)—_**____
Brainard
Crude
.
Nat'l
Belding-Corticelli, Ltd., 7%
General
-Aug
pfd. stock,
50c
10c
(s-a)—
Extra ——__——**..***..
Bank
1
Rochester Gas & Electric Corp., 6%
Universal Pictures, common
15c
(accum.)....
$1
-
7-10
—
Aug
————
50c
8-10
U. S. Rubber Co., common...
.......
8% cumulative 1st preferred.......—...-
7-
Flambeau
—
7-20
8-
Excelsior Life Insurance Co. (Toronto, Ont.)—
Semi-annual
Inc.—
1908
7-20
8-1
$1.25
Eureka
1
due 1963-_
——
Aug
Philadelphia Elec. Pwr. Co., 1st mtge. 514s, due 1972
Aug
Philadelphia Rapid Transit Co., 5% collateral trust
bonds
$2520
1
<
Kanawha Bridge & Terminal Co., 1st mtge. bonds——July
Kansas City Gas Co., 1st mtge. 5s, due 1946——.—Aug
Eukens Steel Co., 4%%
1
8-
Bonus
1
lien &
—-Aug
1st
8-
Brewing Co. (irregular)
Transamerica Corp. (s-a)
Union Bank of Commerce (Cleveland)......
$68%C
Discount
July 31
—
-
International
A,
Tivoli
$1.12 Vb
pfd. (quar.)
3iy»c
Assoc. Telephone Co., Ltd., $1.25 pfd. (quar.)
Atlanta Gas Light Co., *J/2% pfd. (quar.)_
$1.12%
Atlantic City Electric, 4% pfd. (quar.)—
$1
Atlas Powder, 5% preferred (quar.)——_*„_;
$1.25
Distillers Co., Ltd., ordinary regis,
Lakes Power Co.,
Ltd.—
5% general mortgage bonds, due 1957—.————Aug
Houston OH Co. of Texas, 414% debentures, due 1954—Aug
due
$2300
1
3
—Aug
—
Standard Coated Products,
6-20
4%%
Co.
$50c
7-15
1
50c
(quar.)_——_——
Insurance
37'/ac
$1.12 y2
7-
9-
American
3iy4c
7-31
$15c
Baltimore
20c
37'/2c
75c
(quar.)——
Pwr.,
$30c
....
25c
&
Deerfield
Cincinnati Union Terminal Co.—
Great
6-21
•
Coach
Container
Chicago & Western Indiana RR.—
1st & ref. mortgage 414% bonds, series D, due 1962__Sep
Cincinnati Gas & Electric Co., 1st mtge. 314s, due 1966-Aug
mortgage 3%%
7-15
7-29
Consolidated Chemical Industries—
1
Century Ribbon Mills, Inc., 7% preferred stock
—Sep
Chesapeake & Ohio Ry., ref. & imp. mtge. 314s, series
E, due 1996——
—1
Aug
1st
of Reo
7-25
—..i"
(quar.)__———*-..
Body——'
American Viscose Corp., common (quar.)—
5% preferred (quar.)
;
Anglo-Canadian Telephone Co.—
■
July 20
mtge. 3%% bonds
————Sep
—
Payable
20c
Petroleum Corp.
American
Chain
314% serial debentures, due 1945——————.-•-.
1
Amerada
Holder
$1.25
Inc.——■'
-
2
Central Illinois Electric & Gas Co.—
Power Corp.
Straus,
Mills
Canadian
Arizona
Central New York
&
Alabama
5Va % preferred
Appalachian Eleci
mtge. bonds, ser. N, 3J/4 %, due 1971—*-*-_Aug# 1
1st ref. mtge. bonds, ser. O, 314%, due 1968—*Aug
1
1st ref. mtge. bonds, ser. P, 3%, due. 1969—..-Aug
1
.1st ref. mtge. bonds, ser. Q, 2%%, due 1976-,——.—Aug
1
Eastern Gas & Fuel Associates, 1st mtge. & collat. trust
ehare
Name of Company
Abraham
Solar
When
Per
Class A
1st ref.
(N.), Ltd, (Interim).,
.u
Manufacturing Corp...
Southern California Edison Co., Ltd. (quar.)
Southern California Water, 5pfd. (quar.)
6%
preferred (quar.)...
Standard Brands, Inc., $<L50 pfd. (quar.)..
Standard Chemical Co., Ltd. (interim)
Industrial and Miscellaneous Companies
Below will be found a list of corporate bonds, notes,
75c
37yac
$1.75
8-
8-
1
7-20
7-15
7-15*
6-30
6-30
$1.50
7-15
6-30
$1.50
7-15
6-30
■i
When
Per
California
5%
Packing
preferred
Corp.,
37 %c
7%
7-31
62%c
(quar.)__:
J50c
i50c
J15c
t$1.75
t$1.50
Registered
Northern
(quar,)__
Power, common
preferred
Canada
8-15
8-15
9-15
8-15
7-15
(quar.)„_
Southern
(s-a)
Canadian Bank of Commerce (Toronto)
Railway
—
Name of Company
of Ree.
(quar.)_
common
Malting Co., Ltd. bearer (quar.)
(quar.)
Canada
Canada
Payable
(quar.)>
(quar.)
(quar.)——
6% pfd.
Canadian Fairbanks-Morse,
Investments, Ltd.
Canadian
General
Canadian
Industries,
Class
(quar.)-:
(quar.)
A
Class
B
6-24
8%
5%
---
Canadian
Light & Power Co.
Canadian Pacific Railway—
4%
+10c
Class
Castle
& Co. (quar.)
of America (irregular)——
M.)
(A.
Catalin
Corp.
(quar.)—
(quar.)
Corp.;
Celotex
common
5%
preferred
Central Cold Storage
Investment
Corp.,
—„
Chemical
Fund
(N.
(s-a)
(s-a)
Y.)
(quar.)
—
»
—
Chilton
Company (quar.)
Churngold Corp. (irregular)
Falstaff
5
7-
5
3
v
Quarterly
Fenton United Cleaning
J
1
7%
Mines
Silver
Clayton
Clinchfield
Water
Clinton
Coca-Cola
_
7% pfd.
Coal Corp.,
pfd.
7%
Works,
(quar.)
(quar.)_—
Bottling of New York
1
•
Coca-Cola
Bottling of Panama
Coca-Cola
Bottling
Columbia
(quar.)
& Electric
Gas
cum.
$2.75
6%%
Southern
&
(quar.)
i.
.
>•
Concord
Gas
7%
H.)
(N.
Life
pfd.
Assurance
(C. G.), Ltd.,
6 r'o
&
Connecticut
(quar.)
RR.—
common
8%
General
(quar.)
Heating
Car
General
$1.25
(quar.)
Foods,
Investors
•; 6-30
General
7
Semi-annual
5
1
Aircraft
Consumers
Gas
Continental
Corp.,
preferred
(Reading, Pa.)
Co.
Insurance
6-30
Great
Extra
Products
Corn
7%
Refining,
preferred
Cornell-Dubilier
(quar.)___
common
(quar.)
Electric
;
._
Utility Banking Corp., cl. B.
Crown Cork
Crown
6-30
6-30
7-25
7-15
7-
7
7-
7
7%
Publishing,
& Seal Co
7-
37 %c
7-10
12Vic
pfd.
7-10
8- 1
$3.50
(s-a)
$5
&
Forster
Atlantic
Cuban
(quar.)
preferred
conv.
Extra
Hammermill
6%
6-27
Harrisburg Gas, 7%
Cunningham Drug Stores,
Abbey Co.
3
Hartford
Decker
(quar.)
(Alfred)
Quarterly
&
Cohn
(resumed)
3c
7-15
6-30
$1.25
8- 1
7-25
7-11
7-25
7-10
Dentist's Supply Go.
Common
(quar.)__
7-
1
10- 2
$2
7-
7-20
1
1
7-20
of New York—
75c
9-
1
8-15
75c
12-
1
11-15
9-30
9-30
$1.75
(quar.)
Tramway Corp.,
Edison
7-10
8-
75c
(quar.)
Detroit
8-;5
7-31
8- 1
20c
(quar.)
Detroit
7-10
10-10
(initial).
(quar.)
Common
25c
25c
—
Delaware Power & Light, common
Dennison Mfg., $6 conv. preferred
8% debenture (quar.)
preferred
preferred
9-1
9- 1
$1.75
Gasket &
Co
12-23
12-23
$1.25
1st preferred
12-15
12-15
30c
7-15
6-30
Mfg. (quar.)_
Detroit-Michigan Stove 5% preferred (quar.)
25c
7-25
7-
8
50c
8-15
8-
5
Detroit Steel Products
25c
7-10
6-30
7-15
6-26
De Vilbiss Co., 7%
preferred (quar.)
17%c
Diamond Match
Distillers
Co., 6% partic. pfd. (s-a)__
Corp.-Seagrams, 5% pfd- (quar.)
Dixie
Home
Dome
Mines.
Dominguez
Dominion
Bank
Fields
of
(monthly)
2nd
cum.
Dominion
8-11
Canada
(initial).
(quar.)
1st redeemable pref.
preference
Glass Co.,
6-30
7-29
6-30
(quar.)
common
...
7-31
.....
(quar.).
$75c
$37%c
$$1.25
$$1.75
7-17
8-1
$44c
<
$20c
(quar.)..
Ltd.,
7% preferred (quar.)
7-15
8-
'$$2
(quar.)
pfd.
1
7-15
25c
Fabrics, Ltd.
cum.
$1.25
1
15c
(quar.)
Ltd
Dominion Dairies Ltd., 5%
Dominion
9-
$400
Stores
Oil
79c
7-15
7-15
6-30
1
7-15
8•
1
7-15
8-1
7-15
7-15
7-15
6-27
8-
6-27
8-
^
8-
$F"-
8-
6-
7-
8-
8-
1
H-*
«
.
—w—,
7-15
7-25
7-10
7-25
7-10
7-25
7-10
25c
7-15
6-30
r
8-
7-13
•;
1
5
7-10
(quar.).
30c
7-15
5c
7-15
preferred (quar.) —
7-15
8-
1
8-
1
7-15
2
12-23
10-
t$2.50
7-15
7-15
$2.50
7-10
25c
*
9-
9-20
5%
B
6V2%
preferred
Hecht
1
•
preferred
Barbizon,
pfd.
Group shares (s-a)
6%
Bronze
8-15
8-
8-15
5%
7-28
lc
6%
•
1
1
7-14
40c
8-
1
1
5
8-
7-15
6-30
7-15
6-30
90c
(quar,)
9-10
$2.50
...—
10-16
$1.50
—
25c
'.
9-
1
9-14
8-17
9-
5
$1.75
9-30
7%
12-30
1
7-26
1
10-26
7-10
6-30
7-10
-
12-20
50c
25c
1
6-30
1
6-30
5%
7-
8
4-21
20c
;
88-
7-31
6-29
7-15
7-
30C
—
(s-a),——
com.
,
$1.25
8-
1
6
7-15
6-30
6-30*
&
(Ky.)
6-30
6-30
9- 9
8-25
11-25
9
9-
9
8-25
9
11-25
$1.25
25c
99-
8-21
12-
11-20
12-
11-20
7-15
6--9..
7-15
6-30.
(quar.).
.....
com.—
3IV4C
$1.25
60c
$1,62%
$1.62%
$1.31%
8-21
8-
7-17
7-25
6-30
7-15
6-30
7-15
6-30
7-13
7-
6
2
9-20
1-2-45
12-20
1
7-14
10-
8-
7-15
6-30*
$1.50
7-15
6-30*
15c
7-19
7-
7
1
6-
9*
(quar.)—
Corp
(R. H.) Co.—
dividend (1
(quar.)..
preferred
Field
&
Co.
Maryland Dry Dock,
8-
25c
8-31
8-16
$1.50
8-15
8-
4
$1.50
50c
$1.75
11-15
11-
3
50c
7-15
7-15
10-
1
6-30
9-18
■
(quar.)
;
6-20
7-15
6-20f
7-15
6-20
37%c
6-30
9-10
8-15
1
8-15
24c
7-20
6-30
62V2C
$3
75c
(quar.)..
7-15
25c
$1.12%
i
35c
43%c
43%c
"
preferred
(quar.)
preferred (accum.)
—
$1 prior pfd. (irregular).—
Miller Manufacturing, class A (initial quar.)
7-15
6-15
Mississippi
7-15
6-15
Mode
9-
8-22
Moneta
Power
O'Day
&
Light, $6 pfd.
(quar.)
—
Porcupine
Mines, Ltd.
(quar.)——
8-
1
7-14
1
8-31
11-30
6-30
1
7-20,
25c
30c
■"
& Hart,
7-
8-15
7-15
$1.50
•
*:
(quar.)
(Semi-annual)
(I.) Sons, 8%
1
1
8-
$1
15c
Mercantile
Miller
6-30
89-
$1.25
—
Acceptance Corp. of California—
preferred (quar.)
8%
preferred (quar.)__
—-—Michigan Associated Telephone—
8% preferred (quar.)—-——_—..
Midwest Piping & Supply
—
Mill Creek & Mine Hill Navigation & RR.—
9-
$1.50
'McCrory Stores, 5% preferred (quar.)
McKesson & Robbins, $4 preferred (quar.)..
Stores, common
7-15
7-31
7-15
common
'McClatchy Newspaper, 7% preferred (quar.)
7%
(quar.)
preferred
McColl-Frontenac Oil, 6% preferred (quar.)
6%
6-30
7-10
20c
May Department Stores
McCall Corp. (quar.)
McLellan
7-15
25c
tl7V2C
J17V2C
(quar.)
common
6-30
37%c
—
(quar.)
;
4%%
preferred (quar.)—;
—i—...
Massachusetts Investors Trust (irregular) __
Massachusetts Utilities Association—
5% preferred (quar.)
Massawippi Valley RR. (s-a)—
t20c
9
,
7-12
common.:—35c
Forbes,
Petroleum
7-15
1
7-21
12-
25c
$2
37%c
Co.,
preferred
J37%c
$1.50
8-
5
9-15
6-30*
7-15
$1.25
2nd pfd.
Miller
3%C
6-30
.8-
12-
5%
J$2
6-30
7-10
50c
$1.10
$1.10
75c
15c
-
& Elec.
Gas
Masonite Corp.,
9-20
$1.75
-
8-
11-
50c
25c
pfd. ($25 par) (quar.)
—
pfd. ($100 par) (quar.)
Electric Light Corp. (irregular)—
Marshall
1
$1
7-20
(quar.)_————
'Margay Oil Corp. (quar.)—
Maritime Tel. & Tel., common
8-12
8-
1
.
7-12
9-
7-20
8-
$1.25
sh. of 4%% series A
pfd., for each 10 shs. of com. held)
Madison Square Garden
—
Magnin (I.) Co., 6% preferred (quar.)—
8%
preferred (quar.)
—.
Mahon (R. C.) Co., $2 pfd class A (quar.).
Manischewitz (B.) Co., 7% preferred (quar.)
Manufacturers Trust Co. (N. Y.)—
$2 convertible preferred (quar.)
Marchant Calculating Machine Co. (quar.).
7-14
8-
7-2tf
1
Stock
6-30
8-
$1.25
—
Macy
<
7-15
1
7-25
$1.75
—
America
Powders,
8-
7-20
1
RR.,
MacAndrews
1
25c
1
8-
—
—
6%% preferred (quar.).
6%% preferred (quar.)—
Luzerne County Gas & Electric Corp.—
5%
preferred (quar.)
—
7-18
7-
8-
Co.—
;
common
Lunkenheimer
7-25
7-15
5
7-
8-
30c
preferred (quar.)
5%
)
7-25
8-15
4
$1.25
(quar.)
(quar.)
participating preferred (quar.)_
International Business Machines (quar.)—
International
7-15
$2
common
preferred (s-a)
North
7-31
15c
(quar.)
Incorporated Investors
Indianapolis Power & Light, com. (quar.)
Institutional Securities, Ltd.—
of
7-10
8-
75c
—
Imperial Bank of Canada (quar.)
Imperial Chemical Industries Ltd.—
Ordinary shares (final)
Co.
7-10
1
$1
(monthly)-
Huttig Sash & Door, common—
7% preferred (quar.)
7% preferred (quar.)
Hydro-Electric Securities Corp.—
5% preferred class B (s-a)—^
Insurance
7-10
7-27
$1.25
Hummel-Ross Fibre Corp., 6%
Insurance
7-27
75C
preferred (quar.)
:
Houston Lighting & Power Co. (quar.)
Co., 5%
7-15
1
1
$1.50
(quar.).
5%
Howe Scale
810-
6
7-15
1
30c
(quar.)
Inc.
8-
25c
Holly Development (quar.)—•—
Holly Sugar Corp., common (quar.)
7% preferred (quar.)—
Horn & Hardart Co. (N. Y.), com; (quar.).
5% preferred (quar.)
...
Hotel
7-
7-27
c
$1.62%
common
Household Finance Corp.,
c
7-14
9-14
7-15
50c
50c
original
^Louisville
6
25c
;
(quar.)...
Hibbard, Spencer, Bartlett & Co.
5%
6-21
3c
Chocolate Corp. -(quar.).—
preferred (quar.)
Company,
9-29
7-17
68%
conv.
Higbee
10-16
40c
(initial)
Hercules Powder Co., 6c/o preferred
$4
6-30
68%
—...
Company
Hershey
7-
10c
—
7-20
7-15
$1.75
—
(irregular)
(irregular)
Co.,
MacMillan
$1.50
1
2
87ViC
—
(quar.)—
Participating
Lord & Taylor, 8%
5
$1.75
8-
10-
Co.,
Participating
6-27
—
7-15
25c
$1
62Vic
$1.12%
(quar.j—
preferred (quar.)
5%
6-30
$5 pfd
9-15.
Longhorn Portland Cement—
6-30
}50c
2
9-15
special stock (quar.)—„
(quar.)
stock
—
$3.30 original stock
Little Schuylkill Navigation RR. & Coal (s-a)
Loft Candy Corp. (increased)
6-30
...
7-14
10-
1
30c
Miami
Lowell
7-15
7-15
1
1
9-25
1-2-45
$1.75
$1.75
12-20}
7-25
8-
10-
$3.30
7-15
75c
5
2
Special stock
6-70
50c
5
12-30
50c
6-20
t$1.75
(quar.-)
12-
1
6-20
Y.)
5
12-15
9-
6-20
(N.
9-
8-
;
(quar.)—
.Little
6-30
7-15
4
9-15
$1.62%
Lion
——_
25c
Liquid Carbonic Corp., 4%% pfd. A (quar.)_
$1.12%
Liquidmeter Corp.
■
20c
Lit Bros., 6%
preferred (accum.)..
$2
25c
+
811-
10-
preferred (quar.)
Oil Refining Co. (quar.)
25c
$1.75
6-3Q
8-15
11-15
50c
6Vi%
7-
62 %c
■6-30
10c
62Vic
common
(quar.)__
B
Link-Belt
20c
...
Corp.,
Alliance Bank & Trust
Common
1
CO
1
6-3Q
7-15
—
—
preferred
Class
5
7-
8-15
7-15
—_—
Lincoln Telephone & Telegraph
3
7-10
1
$1.50
—
37l/2C
75c
(quar.)—
common————
(quar.)
(quar.)
Quarterly
7-10*
1
7-17
+$1.75
$3
—
—
pfd.
Quarterly
1
7-10
1
7-20
$1.25
—
(s-a)_
C.—
6%
Tire
Class A
>
8-
Lincoln National Life Insurance (Ft. Wayne)—
6-23
7-
$1.25
5% % pfd. (quar.)
Corp., 6% preferred
Corp. of America, class A (irregular)__
Class
50c
,t
Hat
7-~5
8-15
$1.75
7-14
6-30
$1.12%
Harvill
11-15
■
9-16
A.-, 6c
25c
25c
$1.75
' V $1.75
—
Rochester, N. Y., common (quar.)—;
4%
conv.
preferred (quar.)
———
—
(quar.).
7-15
.
7-14
7-25
3,
75c
Lincoln
7-15
7-
7-15
6-30
6-30
5c
7-11"
7-13,
7-15
7-20
1
„
1
1
2
"0
&
Stores
4%%
8-
■-
7-15
Portland Cement, common
Lerner
7
10-
6-30
7-18
4% preferred (quar.)
;x
6-30
1
-7-15
7-10
(quar.)..—--————
Liberty Loan Corp.,
$3Vi preferred (quar.)
—
8-
6
8
6-30
7-17
7-15
31c
Times Inc.,
25c
(s-a)
(quar.)
7%
7-
7-15
(quar.)
Davenport Water Co., 5% preferred
Dayton Rubber Mfg., common
$2 preferred A (quar.)_,
Denver
7-12
$2
Sons, 7% preferred
$8 preferred (accum.)
7%
Electric
7-20
8-
Rubber
Lehigh
$1.75
&
Hartford
25c
7-
15c
—
Marx..
Light (quar.)
Schaffner
Hart,
3
10c
(quar.)_
common
Cushman's
Cypress
8-14
7-
8-25
6-30
7-20
$3.50
preferred (quar.)
7-15
11-25
7-15
77-
$1.75
12'/2C
;
& Co..
R.)
preferred
$2.50
Lee
1
tic
7% preferred (quar.)
Harrisburg Railway Co.
5
11 3/10c
Shares
7-15
25c
(quar.)—
preferred
8-
10c
Trust
Valley Gas Co.,
«
6-24
7-
&
(F.
Harbison-Walker Refractories Co.—
6-24
8-15
!
Extra
7-15
7-31
7-20
7-15
1
(quar.)
preferred
participating
Leath & Company,
7-15"
35c
(quar.)....
6 c/c
6-30
7-31
6-24
6
1
—j.
Lazarus
6-30
7-25:
7-
8-
;
Lebanon
9-15
7-15
—
common.
$1.50
(interim)
Culver & Port Clinton RR. (semi-annual)__
Cumulative
Paper,
30c
Sugar
7%
5
7-10
'' : 50c
6c
.*—6c
(quar.)
(quar.)___
preferred
preferred
5
7-28
8-
Mfg; Co.—
' "
preferred (quar.)_—;
25c
preferred (quar.$1.75
common
7-20
9-
12-
$1.50
Co.„__._i__—
(quar.)
1
JLawyers;Title Insurance (Richmond, Va.)—
5"
2
'
Machine,
7%
of Canada—
6-23*
1
7-
7-20
7-21
50c
(accum.)—„
—
8-15
9-
6-30
8-
9-15
12-15
(quar.):—
——
Common
1
9-15
1
pfd. (quar.)_
6%
M(quar.)^__2
B
1
7-
$1.25
20c
31V4C
$1.50
—
——
6% preferred (quar.)
7-15
10-
7%
Bryant,
Landis
$1.50
Gulf Mobile & Ohio RR.
convertible
7-
10-
;
-
7-18
1
7-15
.
6% preferred
Extra
(.
7-15
8-
6-30
7-15
20c
>
.
Vegetable Parchment Co. (quar.)
Plant-Choate
La
6-30
7-25
preierred
Water Works Co.,
Class
6-30
7-10
4Va%>
Co.,
.Langendorf United Bakeries, class A (quar.)
75c
—
(accum.)—:
7-17
$1.25
_
(quar.)__
common
7-10
t $1.50
Guardian Realty Co.
Crown-Zellerbach
Crum
7-15
7-15
7-10
common
—
7-15
(quar.)
Co.
25c
(quar.)
7-31
75c
(s-a)
43%c
:
Drug Co., 7% conv. pfd.
Corp.—
6-30
$1.50
Quarterly
6-30
6-26
Lane
7-25
(quar.)
preferred (quar.)
5% A pfd. (quar.)..
Power, $7
preferred
7-14
(quer,)—...
-Krueger'- (G.) • Brewing
$1.18%
preferred (quar.).
Insurance
L.)
1
7-25
„
Light, $6 non-cum. pfd. (quar.)
Griggs Cooper & Co., 7% preferred (quar.)__
7% preferred (quar.)
Guarantee Co. of North America (Montreal)
1
7-15
(quar.)_
(H.
7%
$1.31%
preferred A (initial quarterly)
Creamery Package Mfg. (quar.)
Crowell-Collier
8-18
7-10
Green
8-31
7-10
7-15
>
25c
Greenfield Gas
4
Corp.—
$5%
Credit
9-1
9-15
65c
$1.75
—-
Great Lakes
6-16
8-
7-14
8-
Mfg.
5% preferred (quar.)—
Kennedy's, Inc., common
;
$1.25 conv. preferred (quar.)__:
6-30
80c
(irreg.) —
(quar.)......
Hosiery, 7%
American
1
> 6-30
7-15
$1.75
preferred
Mines
8-10
8-
Inc
Kroger Grocery & Baking, 7% 2nd pfd. (quar.)
7-15
i
10-
22c
common...—
6-30
11-10
•Kokomo
9-21
...
$1.50
Graham-Paige Motors,
6-16
80c
-
Safety Razor
9-15'
1
8-11
2
35c
25c
Brothers,
6-15
$75c
(quar.)__
7-15
10-16
Inc
-Kentucky Utilities,
7-21
2c
Mass.)
$75c
12-
—
Great American Investing
7-15
:•«
8-15
t$1.5Q
37 %c
(accum.)
Wares, 7%
Gotham
6-30
8-15
7-21
7-31
20c
(quar.)..
Corp.* $5 preferred
Safety Razor, $5
Grandview
20c
(s-a)
Co.
7-31
(quar.)
Golden State Co., Ltd.
6-30
31 %c
30c
(irreg.)
37 %C
•'
9-16
1
$1.06%
J35C
Inc.
Gimbel
8-15
7-15
■
preferred
$6
50c
common
10-
25c
—
Gillette
$75c
;
Vultee
convertible
$1.25
•V
+50c
.
Extra
9-15
J35C
(Boston,
.
,i:.r
:
15c
Quarterly
L
15c.
Kaufmann Department Stores (increased).
25c
Kellogg Company
—
25o
Kellogg Switchboard & Supply-?-v -
12-15
$2.50
:
—
(quar.).^—.
preferred
8-15
1
"C"
>
'
;
General Steel
preferred
Giddings & Lewis Machine Tool.
$6
12-25
7-
9-30
12-30
$2
Trust
,
$1.50
50c
$2.95
9-16
1
General Steel Castings Corp.—
9-25
7-
,
$1.25
—
$4.50
Motors
Gillette
10-
37 %c
(quar.)—
Corp.
v
$1.06J/4
5
(quar.)
General Paint Corp.
Consolidated Mining & Smelt'ng Co. of Canada
Consolidated
Mills,
General
7-31
8- 1
7-
(quar.)..
Beneficial interest
Consolidated Edison Co. of New York Inc.—
preferred
7-15
(quar.)
Co.
1
9-
7-15
V '
Corp.
General
7-15
$2
——
2%
..
pfd. (irreg.)
pfd.
6-24
9-
Kalamazoo
-,12c
common
Corp.,
7-15
9- 1
7-15
$1.50
$1
(quar.)
Extra
$5
Cable
General Electric
6-30
8- 1
5
Co
common
(quar.)
7%
preferred
6-30
7-
9-30
12-31
7-15
7-
(quar.)...
Co.,
Finance
7-15
8-15
$3
(s-a)
6% preferred
Baking
7-20
River Power Co.—
Consolidated
preferred
-
j
(quar.)
(quar.)—._
6-30
:
Electric Light,
General
Passumpsic Rivers
preferred
conv.
7-20
8- 1
$$1.50
$$1.50
10c
'Quarterly
Connecticut
$3
preferred
Allegan & Grand Rapids RR. (s-a)
^Kalamazoo Stove & Furnace (quar.)
11-16
—
Fyre-Fyter Co., class A—_—
Gardner-Denver Co.,
common
8-15
12-
50c
Investors
3
Kalamazoo
1
;—
non-cum.
Fundamental
2
8-17
7-15
-.;■
Schmidt Brewing
&
1
7-10
Malting
&
7-10
7-15
10c
75c
(accum.J
(Toronto)—
Quarterly
Conn
Grain
3
7-
Joplin Water Works. 6% preferred (quar.)„
"■Julian & Kokenge Co
——
30c
(initial)
(quar.)
Companies Ltd.
7-
7-15
Jewel Tea
12% C
(quar.)
Fuhrmann
8- 1
UOc
Canada
of
Co.
1
1
7-15
13c
Fireman
$1
prior pfd.
6%
Fruit of the Loom $3
1
9-
3c
—
6-30
8- 1
7-15
9-14
Co.
6-30
8-15
35c
(quar.)——
Community Frosted Foods—
$1 partic. preferred (s-a)
Confederation
Froedtert
7-20
,5c
Edison
Commonwealth
Fraser
7-20
8-15
8-15
8-15
$1.62
.9-14
2
(quar.)
"(quar.).
General
preferred (quar.)
Alcohols, common—
preferred
5-15
68%C
•
2
10-
(interim)
Insurance
88-
25#
25c
(quar.)..,
Quarterly
5
10-
—_
Francisco)
(quar.),
Tire & Rubber Co
Foundation
10-20
Electric—
Commercial
8%
Fund
General Capital
(quar.)—
Ohio
7-
$1.50
*
common
7-10
6-30
30c
Fund
"Ironr'te Ironer,
& Dyeing—
Co.,
Sons
Foster-Wheeler Corp.,
Corp.—
preferred
conv.
Columbus
———
7-15
20c
preferred
(San
11-
6-30*
(Syracuse,
Firestone
7-20
$1.25
$1.25
$1.50
preferred series A (quar.)
Columbia Pictures
4%%
Fireman's
Gardner
cum.
6%
■
1*
Corp.—
preference (quar.)
Cum., preferred 5% series (quar.)
5%
(quar.)
(s-a)
& Iron
Colorado Fuel
(irregular)—
Louis
of St.
Co.
Cockshutt Plow Co.
7-15
$1.37%
i.
(Wm.)
1
7-15
20c
Corp.
Ltd.
Petroleums
8-
7-10
1
30c
10c
8% preferred (quar.)20c
Isle Royal Copper (resumed)
50c
6-30*
9-14
preferred
Filene's
11-15
7-
7-15
2
(quar.)
Fidelity-Phoenix Fire Insurance (s-a)__——
8-15
8- 1
7-15
7-10
7-15
7-20
12- 1
8-28
Quarterly
„
6%
(quar.)
(quar.)_____
convertible preferred
6%
10-
preferred (s-a)
pfd. (quar.)
D.
7-14
8-
t$1.50
$$1.50
$1
(quar.)___
Foundation; Ltd.—.
convertible
Investors ^Mutual,
$1.25
C.). common
preferred (quar.)
(Wash.,
8-16
'
:
$8%c
preferred
Stores
Corporation
Investors
.
Federated
8-1
11- 1
7-10
___
6
2
70c
15c
—
9-14
8-
79-
$1.25
Federal Services Finance
7*
6-14
$1.75
$1.75
50c
50c
25c
t25c
25c
preferred (quar.)
:
Utilities (irregular)
City Ice & Fuel, 8Vz% preferred
City National Bank & Trust Co. (Chicago)—
:
—
Federal Screw Works
9-20
12-20
7-15
7-14
$1
$1
l%c
5%
Citizens
1
;$1.25
—
(quar.)—:
10-14
8-11
9- 1
12- 1
8-10
9- 1
8-
60c
,V,
Quarterly :
Department Stores, common..—
4%% conv. preferred (quar.)
Federal Fire Insurance (Canada) (s-a).
6-30
$1%
$1%
25c
$1.62%
6%
Iron
Federated
3
Department
Investment
6
$1.25
6%
'
'
(quar.).
Federal Insurance Co.
7-
7-
1
9-18
25c
.
7-
7-15
7-21
6-30
8-
$1.50
—
Farmers & Traders Life Insurance
6-30
8-
4
8-
$25c
$1.25
—
(quar.)
.
.
$5 pfd. (quar.)...
—-—
6-19
t$1.75
4%
preferred (quar.)
preferred ($5 par)
7%
7%
7-15
12 %c
—
Brewing Corp.,
Extra
5% preferred (quar.)
Intertype
common
preferred
$5
Cincinnati New Orleans & Texas Pacific Ry.—
,
Inc.,
8- 1
7c
25c
.C-; 25c
20c
50c 1
(irregular)—
Quarterly
1
Fanste'el Metallurgical Corp., $5
7-
9- 1
9-30,
12-30
70c
....——
7-
—
Stock dividend
6-30
7-
$1.75
37 %c
37Vic
7-18
Cleaner——
Vacuum
Eversharp
1
7-15
(s-a)
Cotton Oil
Chickasha
*
9-
35c
preferred-
$1.50
preferred (quar.)
preferred (quar.)
Eureka
7-12
7-
Products, $1.50 pfd.
preferred
National Bank
3
7-10
-
Interstate
(quar.)...
$5 preferred A (quar.)—
7-12
7-15
—
7
$5 preferred A
7-28
7-
8- 1
;
7-
Erie Railroad Co.—
7-10
41 19
Centyry Ribbon Mills, 7%
$1.50
$6
6
$1.25
15c
—
Extra
Chain Store
6
7-
(quar.)__
pfd.
York Power 5c!o
Republic Co
7-10
6-15
$5.50
7-
4%#? pfd. (quar.)__
Central Kansas Power,
Central New
Chase
com.-,
common
Extra
Central
7-21
7-15
(quar.)
Co.
Gas & Electric Corp.,
Central Hudson
Central
(quar.)
Ohio Ry. Co.
Carolina Clinchfield &
9-16
8- 1
7-21
25c
—1
B
7-25
(quar.)
7-15
7-15
Nickel Co. of Canada—
7-15
—~
of Reo
65c
$50c
:
Milling,
7-14
National Watch
i_——.—_
Ely & Walker Dry Goods—
7% 1st preferred (initial s-a).
6% 2nd preferred (initial s-a)
Emerson Radio & Phonograph
(quar.)__—
6-30
conv.
50c
Engineers Public Service,
Ltd
International
(s-a)
:
Corporation
$6, preferred
6-21
6-?i>
'
$1.25
$1.12%
Elgin
1
..-7-14
1
8-15
quar.)—!
Holdings,
Ltd.—
preference A (quar.)
preference (quar.)_
conv.
(quar.)..—.
(irregular)
(quar.)—
preferred
preferred
Eastern
5
8-
6%
de Nemours & Co.—
Township Telephone (quar.)
Electric Bond & Share, $5 pfd.
(quar.)..—
7-
'•
40c
1
Common
International
Eastern
8-
8-
$3
Dwight Manufacturing
East Pennsylvania RR.
6-30
8-1
7-20
1-20
7-20
8-10
7-17
8- 1
8-1
40c
12c
$1
'
^—
du
6-15
7-15
2%
t$l
t$l
$1.25
25c
10c
12Vic
25c
preferred (s-a)
Manufacturers, Class A
non-cum.
Canadian Wallpaper
1
'
8-1
.—
7-
6-30
9- 1
t50c
—t——
(s-a)
Canadian
7-15
6-30
7-31
?75c
(accum.)_
Investors
(quar.)
preferred
$1
6-20
Trust—
Investment
International Metal Industries,
Duquesne Light, 5%
6-30
(increased
International
1
I,
Holder*
1
8-
25c.
(quar.)—.
6-15
6-21
7-15
4
Corp.
7-
(increased)
(E. I.)
thare
Harvester—
7-15
common
6-30
Pont
Detrola
international
7-15
preferred
$4.50
7-
International
75c
Co.
8-15
10-2
7-11
7-31
7-15
7-15
t$1.75
If?-??
$$1-25
------—.
International
Canadian
pfd.
7%
6-28
■$$1.75
preferred A (quar.)__._
Duplan Corporation (irregular).,
Chemical
$4
Canadian
.
7-28
$$1.37'/a
Dow
6-20
8- 1
t85c
t53c
t75c
t$1.50
tl5c
7-28
(quar.)—.
Dominion^ Textile, 1% preferred
6-20
7-25
t$1.50
t$30c
._
Name of Company
Chemical, 5%% pfd. (quar.)
Dominion~Tar"&
8-15
8- 1
of Reo.
6-28
7-31
—
Quarterly
Breweries, Ltd.—
$3.40 conv. preferred (quar.)
Canadian Car & Foundry, 7% pref. (quar.)
Canadian Converters Co. Ltd. (quar.)—
When
Payable
tlOc
(quar.)
& Linoleum
Dominion Oilcloth
When
Payable
Holder*
Per
thare
Holt ere
those
Name of Company
'•
Monday, July 10, 1944
& FINANCIAL CHRONICLE
THE COMMERCIAL
154
.
7-15
7-
3
8-
1
7-10
8-
1
7-10
9-
5
9-
1
9-
5
9-
1
.
$1.50<
7-15
6-30
25c
7-15
7-
$1.25
$1
- 25c
15c
$1.50
10c
$2c
7-13
5'
6-30
7-15
7-
8
9-12
9-
2
7-15
7-
5
1
7-15
6-26
fi-15
7-15
6-21
8-
■'
THE COMMERCIAL' & FINANCIAL CHRONICLE
Number 4297
Volume 160
Name of Company
*
Monmouth Consolidated Water Co.—
'
;
•
8-15
$1.75
5c
.
'
1
7%
7-
1
6%
8-28
1
7-11
7-15
6-9
7-15
6- 9
Public
5%
tquar.)_„™_™
States Tel •& Tel
7-15
6-15
7-15
7-13
6-30
7-20
6-30
'
preferred (quar.)—
Mutual System Inc., 6%
Natiorial
6%
National
Bank of Detroit
National
Biscuit Co.,
i:
9-21
12-21
7-15
6-30
7-15
6-30
Common
•'
(s-a)——-——
common——
—-—•---————
2nd
128-
11-10
1
7-15
6-
10-14
9-
■
9
8
15c
National Cash Register
7-15
6-30
National
(quar.)— _———25c
of New York (s-a)
50c
8-1
7-
8-1
7-15
8-1
7-15
City Bank
(quar.)———
National
•
■
!•
$3
City Lines/ class A (quar.)™-™—
preferred (quar.)
National
Department Stores
National
Distillers
Products
50c
75c
12Vic
'
(quar.)———
(quar.)—
8-
50c
.
8-1
2c
National Fuel Gas Co. (quar.)
25c
National Funding, class A (quar.)-™-™__™
17y2c
Class B (quar.)—HVaC
;"av: Extra on class A and B-™
———
UVsQ
National Investors Corp. (irregular)———
lie
National Lead Co., 6% pfd. class B (quar.)_
$1.50
7-22
10-20
National Malleable & Steel Castings
National Manufacturers & Stores
7-15
6-30
7-20
6-30
7-20
6-30
7-20
•7,
7-
7-15
7-17
1#
York
Central
RR.—
(quar.)'—
North American Investment Corp.—
6%
—
1
7-15
5-27
.
——
Northern
Central
Ry.
.'!;:
(s-a)
preferred
conv,
8-
8-
1
8-
1
7-15
5V2 % preferred (quar.)
t
6%
*■
7%
Northern Liberties Gas
$1.50
$1.75
—
—_
(s-a)
Northern Ontario Power,
7-14
$1.37%
————
preferred (quar.)——
preferred (quar.),:
i
6% preferred (quar.)_•
———
"Northern States Power (Del.)—'
preferred (accum.)
7% preferred (accum.)
Nqrthern States Power (Minn.)—
$5 preferred (quar.)
:—
Nunn-Bush Shoe Co., common (quar.)—_
'
6-30
7
Seaboard
6%
Servel,
1st Series Trust
25c
,
:: .7-15
50c
Shares
(quar.)..———
Oliver United Filters, class A (quar.)
Class B (quar.)——
8-
1
8-
1
25c
—
Ontario
Car &
Ottawa
Pacific
Electric
Pan-American
•Panama
Paramount
•'Paterson
&
i.-
60c
convertible
60c
convertible
preferred A
$1.40
class
A
'6%
preferred
•Penn
Traffic
Skelly
Smith
7-15
6-30
7-15
6-30
"•7-15
7-15
7-
9-30
9-
7-10
",7rl5
7-
7
7-15
7-
7
7-15
7-
7
7-28
(quar.)——
1-1-45
8-15
35C
11-15
7-14
1
(s-a)_—
6-30
5%
,
.
'
i
,
7-11
preferred
(quar.)
:
10c
7-
$1.10
8-1
50c
—
Philadelphia Electric Power, 8% pfd!. (quar.)
Philadelphia Transportation Co.—
$1 participating preferred (s-a)
V.t.c. for partic, preferred (s-a)
Philip Morris & Co., common (quar.)———
4V%% preferred (quar.)———
10- 1
1
7-10
9-
8
,
414%
preferred
(Albert)
Co..
preferred
7-20*
7-20*
(s-a)
7-15
6-22
7-15
6-22
7-15
6-22
10-14
9-30
10-
1
9-10
10-
1
9-10
25c
$2.50
•
6-27
7-20
stock
(G,
East
Procter
&
E.)
10c
7-28
6-30
8-
1
6-30
8-15
7-15
7-31
7-30
25c
7-15
10c
7-15
20c
25c
Ltd.,
6-30
17y2c
$1.50"
15c
_•
com,
Gold
Mines
pfd.
(quar.),
(quar.)—
-Proprietary Mines
Prosperity Co., Inc., 5% preferred (quar.)
5% preferred, (quar.),:
———
50c
$5c
$2
•
8-1
$1.50
i&-20
$1.75
7-20
7-10
,•
9- 9
,
7-5
7- 5
(accum.)—.........
$5.25
7-17
7-
class" A
61 Vac
8-
1
7-20
$1.25
8-1
7-20
legal
expenses,
$17.23.
of
Brothers
B
Co.,
leaving
a
(s-a).
(s-a)—.
$15'
5
7-10
37V2C
8-
7-15
1
7-25-
7- 3
Webster Eisenlohr, 7% preferred.™........
Welch Grape Juice Co., 7% pfd. (quar.)—.
$2.33Va
8- 1
6-30
V
Wellington Fire
6-3Q
7- 1
Wentworth Manufacturing,
preferred
1
8-15
12»/ac
9-
1
8-15
7-15
7%
preferred
(quar.
West Penn Power, 4V2%
6-20
6-30
Point
pfd.
Manufacturing Co.
Canada
Flour
6-30
7-20
6-20
Western
7-10
6-17
Westmoreland
Coal_..„_
Inc.
$4.50
White
$2
5
preferred
7-12
Wichita
1
8-15
6%
8-
1
5
class A....
Stock
Union
6-30
7-15
7-14
25c
7-10
6-24
tlOc
7-10
6-21
Wisconsin Gas & Electric, 414%
HOC
7-10
6-21
Wood
8-15
8- 5
7-15
6-30
$1
9-15
25C
10- 2
8-1
7-10'
8-1
7-20
8-
1
7-20
$2
7-15
7-10
$1.75
7-15
7-1
.
1
8-1
8-15
$$2.50
12-30
8-15
18%C
75c convertible preferred (quar.)——...
Hosiery,
quarterly
Quarterly
—
—
7-17
7-
1
11-15
7-31
$1.50
8-1
7-15
$1.50
8- 1
7-15
$1
8-1
7-15
$1.50
11- I
10-16
1
10-16
$1.50
7-31
7-15
$1.12 y2
7-15
6-30
1
7-15
9-30
8-31
50C
8-T
7-20
50c
Extra.
10- 2
9-20
15c
10-
9-
————
—..—
Quarterly
Wisconsin
6%
7%
.......——...
Electric
preferred
Power
(quar.)—
Alexander &
1st
—
preferred
$1,
....
—.
pfd. (quar.)
James Ltd.—
Yale &
10%
(Wm.) Jr. Co. common——™™_.
Townr'MTg7co::::::::::z::::::::
9-30
9-15
12-30
12-15
8-1
7- 7
York
$75c
8-1
7-7
25C
7-25
7r 8
Zeller's, Ltd., common (quar.)—™..——
6% preferred (quar.)..™.—
50c
7-15
7-1
$1
7-13
7-
50c
7-20
7-14
Corporation
8-
$$1.75
t50e
(accum.)
Unit, quar.)
Woolworth (F. W.) Ltd. (interim)—™*—_
,
2
8
15c
7-15
6-20
$20c
8- 1
7-15
$37.y2c
8- 1
7-15
—
Zion's Co-operative
11-
Co;—
$1.25
175c
•
Mercantile Institution..........
L™.—........—-.
75C
9-15
9-5
75c
12-15
12- 5
15c
...J.™—'
Quarterly '...
Quarterly;
7-17
8-
5c
$1.50
$2.50
Winstead
$1.25
1
1
50c
Wrigley
7-15
9-
50c
Woods Manufacturing Co., Ltd.
1
6-23
9-15
Winters & Crampton Corp.—
Extra
3iy4c
6-15
7-15
—™
7-15
(Boston)—
6-15
7-15
,
(irregular)
Wichita Water, 7% preferred (quar.)—™.
Willys-Overland MotorsFinal dividend to redemption date™—_
Wilson & Co., $6 preferred (quar.)_
Wilson Line, 5%
1st preferred (s-a)—™™.■'
Winnipeg Electric, 5% preferred..—™„.„
13114c
1
7-15
50c
Yards—
preferred
$1.25
$1.0614
9-
7-12
$1.12 »/2
6-30
9-15
7-15
7-31
$75c
(quar.)
7-15
7- 6
8-1
Products—
7-15
7-15
7-17
t$1.75
....
7-22
75c.
-
$2
—
(quar.)
75c
7- 3
7- 6
6-20
.™_™u—
7-15
7-15
7-17
7-15
preference (quar.)..™....:
preference (accum.)__..
$4 conv.
7-14
7-15
8-15
Sewing Machine Corp.—
9-
7-
Telegraph,
Chlorine
prior
35c
7-15
Union
Westvaco
25c
$1
8-15
8-15
$1.75
Mills—
7-15
10c
9-1
$1.50
614%
7-15
75c
7-15
75C
8-15
6
1
1
(quar.).
$20c
7-20
1
8-
8-
$1.12 s/a
31 VaC
10-
7-
8-15
43 %c
(quar.)
$$1.50
10-16
8-11
7-19
;
™™
preferred (accum.
Western Grocers Ltd., common (quar.)..—.
7% preferred (quar.)™™™—™
$1
8-15
8-15
17»/2c
Michigan Steel Foundry 7% pfd, (quar.)
conv.
pfd. (quar.).™——
Electric. 6% preferred (quar.)..
Western
7-15
7-15
8-31
25c
common
$1.75
West
34 %c
$1.75
t$1.75
12V2C
is-a)
West Penn
6-20
31 Vac
Insurance
.
$1 convertible preferred (quar.)™...™...
1
7-
9-
7-20
7-10
6-15
8-
$1
,
7-25
9-
(accum.)..;
7-15
37»4c
•
6-30
7-15
$4 2nd preferred
•
7-15
1
8-10
9-15
(quar.).
preferred (quar.).,——
Sterling Brewers, Inc.. (irregular)——
Stetson
(J. B.) Co., common..:—.........
8% preferred
(accum.).:
Stroock (S.) & Co., Inc.. new com. (initial)
Suburban Electric Securities—
8-
1
12-1:
12-9
8-10
8-15
7%
6-30
9-
9
$1.25
6-30
preferred (quar.)
preferred (quar.)—
Steel Co. of Canada, common
9-
$1.75
5%
8-15
7-19
(quar.).................:—
$5
9-15
(quar.)....
12-23
1-2-45
$1.75
$l,.12y2
7-15
$1.75
62 Vac
'
7-17
1
Corp.
9-21.
..........
•37y2c
$1.6214
preferred
9-15
2
7-17
1
5%
7-18
2
10-
$18
8-
Works.
1
10-
■
$1
:a
(accum.).........
Washington, Baltimore & Annapolis Corp.—
Irregular
Washington Gas Light, common (quar.)—.
414 % preferred (quar.)
6-28
6-23
1
Stecher-Traung Lithograph Corp.—
6-27
10c
(special)—:
8%
Class
8-
'...v«
8-
$2
62'4c
•
5%
Mfg.—-,,
Dome
Gamble
amount
Warren
7-25
31 VaC
certain
7
7-
$$1.50
—
7- 3*
7-1
$12.55
prior preferred
7-10
1
$$2
(quar.).
7-15
7-15
lOrlO
8-
State Street Investment
7- 8
(irreg.)^
J20c
6% preferred (quar,),—
—$$1.50
6% non-cumul. partic. preferred (quar,)—
J75c
Premier GOld Mining Co.. Ltd.,:!
i,tic
Preston
8-
is
net
7%
•t
(quar.)—
$1.25
payment of the 6% pfd.
subject to deduction of 77c
for
1
7-21
6-30
7-15
50c
$15c
>
5
7-15
$1.25
B
6-30.
6-30
10-20
$1.12,/2
Stanley
,
7-10
$1
(accum.)—
Tool Co., common (quar.)
\6% convertible preferred
Plymouth Cordage (quar.),.;
of Canada,
■a
25c
$1
Plomb
JEmployees
8-25
$1.25
$1
Radio, Ltd., class A
75c
—„——
Pittsburgh Screw & Bolt
Pleasant Valley Mine
Power Corp.
"m 7-
7-10
1
Standard
7-15
dividend
stock
l„:U 8-12
7-15
—___
7-
7-15
17%c
/
$1
(quar.)
(quar.)...
$1.06 »/4
Class
.—_!:
9-
,
The
6-30
8-
6-30
9-15
7-10
7-15
7-15
1
$1
$1.20
Co.——
7-10
7-12
$1.75
Watch, class A
preferred (accum.)
6'%
$3c
—
8-31*
11-29*
7-20
$1.25
Waltham
7-10
i.tn. 10c
$23c
-•
9-20
50c
......
$1.50
Products
7t12'
6-22
—..
Standard
10-
6-22
—...—_
7-20
.
7-15
7-15
7-14
25c
preferred
:
^
12-20
common
Westmoreland,
8-1
8- 1
Inc.———
6-30
1
J.
7-15
9-10
50c
Tobacco, common (quar.)...
8% preferred (accum.)
5% prior pfd. (quar.)™..™
5% prior preferred (quar.)..™™;™™—
Valspar Corp., $4 conv. preferred (accum.)
Vapor Car Heating, 7% preferred (quar.)..
7% preferred (quar.)..^
Vertientes-Camaguey Sugar Co. of Cuba
Virginian Railway, 6% preferred (quar.)...!
Vulcan Detinning, common_.™__.___.._._.
7% preferred (quar.)..
.V
7% preferred (quar,)™._._.._..._._.._.
Wabash-Harrison Co.
(irregular).
7-13
$1.12 y2
N.
7-15
10- 1
30C
Utica Knitting,
Railway Co.—
of
7-20
8-1
•Upressit Metal Cap,
5
v
(quar.)—
8-1
8-1
,.t
40C
Leaf
5
West
7-14
'
$1.06 y4
$5
7-20
75c
6-23
:
Universal
Corp.,
8-
20c
8-1
.
Suga,r
8-
It
(quar.)
7-14
40C
...
8-15
$1.62 y2
(quar.)
6-27
87V2C
Refining & Mining,
(quar.)
preferred
8-10
8-
(accum.)—.
7-15
75c
S. Smelting,
8-15
$2c
9-30
$1.75
partic.. preferred
Prentice
United Stockyards Corp.—
70c convertible preferred
$1
10-21
Pittsburgh Coal Co.—
•
6-30
37 Vac
(quar.)..
Standard Oil Co. of Ohio. 5% pfd. (quar.)
4!4% convertible preferred (quar.)_„~—
Standard Pavings & Materials, Ltd.—
Partic. conv. preferred (accum.)
(accum.)—,
Semi-annual
v
U.
6-30
10c
9-30
$1.12 y2
Pittsburgh Brewing, $3.50 pfd. (accum.),,,
Pittsburgh Cine. Chicago & St. Louis RR.—
6%
6-24
7-15
50c
10-21
Pittsburgh Bessemer & Lake Erie—
Common
7-15
7-15
$3
50c
(quar.)—„
Phillips-Jones, 7%
Pick
U.
6-30
.•"!a:
8-27
7-15
8-1
$1.75
7%
6-30
25c
.
6-20
7-15
25c
1
8-
9-15-
7
(quar.
1
$1
8-15 1
68%C
Machinery—
preferred (quar.)
8-
$1.12 y2
50c
-
conv.
S. Leather,,
S.
9-15
7-13
10-
25c
8-
Indira Gas & Electric—
Fire. Insurance
50c
6-24
California Edison—
Standard
8-15
.
50c
Squibb (E. R.) & Sons, $5 pfd. A (quar.)—
$4.25 preferred B (quar.)
7-24
9*
(quar.)
Spalding (A. G.) & Bros., 1st preferred
Sparks-Withington Co.
;
Sperry Corp. (irregular)—
Spicer Manufacturing Corp., common
$3 preferred (quar.)..
Spiegel, Inc., $4.50 conv. pfd. (quar.)—„
6-30
8-14
7-25
25c
™
™,
7-15
$2.50
$75c
—
preferred
Hoffman
50c
non-cum.
6V2%
9-15
8-
50c '
7- 5
—
Pfeiffer Brewing -Co.—
Philadelphia Co.
Philadelphia Elqptric Co.—
4.4%
6-21
6-3Q
15c
Permutit Co.
.
•,
7-15
S.
25c
Southwestern Public Service Co. com.
7-15
10-
50c
25c
7-15
$1
9-
53c
20c
6-3Q
$2
..
53c
$$1.75
7-15
7-15
8-
25C
Insurance
S. Industrial Chemical
7%
\
25c
Fire
,
8-15
9-
10-
53c
Extra
7
6-22
58y3Q
—
S.
U.
;
5814 c
135c
preferred (quar.)
Southern Wholesale Phosphate & Acid Wks.
Southwestern Life Insurance (Dallas) (quar.)
7-25
'
25c
(monthly)...........
7% prior preferred (monthly
7% prior preferred (monthly
6.36% prior pfd. (monthly)
6.36% prior pfd. (monthly)„_„....
6.36% prior pfd. (monthly
6% prior pfd. (monthly)..,
6% prior pfd. (monthly)..
6% prior pfd. (monthly)...
United New Jersey RR. & Canal Co. (quar,)
U. S. Fidelity
Guarantee Co. (Bait.)—
Quarterly ;
7-15
7-
j;!.;:
Southern New England Telephone
'
$1.25
—
7-15
5814c
prior preferred
5Va%
7-7
$1.75
7-15:
8-
7%
U.
7-15
7-15
1
8-
7-31
7-14
1
$1.25
7-18
7-15
U.
7-15
(quar.)
8-1
9-1
Extra.
1
7-15
8-
7- 6
7-18
8-
$1.183A
$1
8-1
i2y2c
Pennsylvania Power Co., $5 pfd. (quar.)
People's Credit Securities———
Peoples Gas Light & Coke——
;Peoples Telephone Corp. (quar.)——„
•
9-
7-15
1
15c
(quar.)..
7-10
7-31
122c
prior pfd. (quar.)™....
U. S. Pipe & Foundry, common (quar.)_-.._
Common (quar.)
U, S. Plywood Corp., common (quar.)__..._
U. S. Rubber Reclaiming Co., Inc.—
8% prior preferred (accum.)....
....
preferred
8-15
10c
preferred
7-10
8-1
(quar.)
t25c
;;;
Southern
32c
138c
t$l
U.
15c
original
4.8%
2-5-45
8-15
Drug Co., 4%%
;":,8-i::"
•75c
(Howard)
Southern
11- 4
2rl5-45
8-
7-15
7-1
$1.75 ;
preferred (quar.)
1
5V2%
preferred C (quar.)..
Southern California Gas, 6% pfd. A (quar.)
6% preferred (quar.).
Southern Canada Power, common (quar.)..
6% participating preferred (quar.)—
Southern Franklin Process. 7% pfd. (quar.)
8-5
t$1.50
1
7-10
5c
(quar.),.
preferred
5%
9-15
50c
—
8-
5c
(increased).
Corp.
Co
OU
Southern
12-15
175c
7-15
$1.62 V%
—
Extra
6-30
1
35c
—
9-15
1
25c
Southeastern Greyhound Lines (quar,).—__
7-24
7-28
v
1
8-
50c
Pittsburgh Water Co.—
414%
preferred (quar.).—
8
,7-15
Oil
$1.25
United Grain Growers, 5% non-cum. pfd; A
United Light & Railway Co. (Del.)—
'South
I
35c
(quar.U
6%
6-^0
7-15
'10-
10-
Solar Aircraft Co.
5
7-6
; 7-13
50c
12-21
1
Paper Mills, Ltd.—
(quar.)—
50c conv. pfd. A (s-a)—.
Soss Manufacturing
6-29
7-15 ;
16c
fquar.),,
Penman's Ltd., common
9-15
25c
—
(interim),
Telephone, common (quar.)
Common (quar.)_™™___—
$1.40 class A (quar.)——™_
$1.40 class A (quar.)
Peninsular
-
10-15
15c
fPend Orielle Mines & Metals Co.
12-30
$30c
Sinclair
15c
(quar.),
(quar.)_™—
preferred B
Peaslee-Gaulbert Corp.
9-20
——
7-10
$1
Payne Furnace & Supply, common
9-30
8-
$3.50
Mines..—:
,7-25
50c
—
.,,-7-10
8- .1.
7-10
—
Simpsons, Ltd., 6V2% preferred
6,/2% preferred (quar.)
10c
River RR.i
Hudson
7-15
1
(Quebec)^
Ltd.
7-15
$1
Companies,
7-15
1
125/2C
;
8-15
7-
I
1214 c
——
common—
Premier
50c
(irregular)
Bottling (irregular)——
4% preferred (quar.)
Piotures (increased quarterly)™
Coca-Cola
iParaffine
Mines,
Silbak
7-15
30c
Fund
Investment
Sigma
7-14
25c
-Packer Corporation- (quar.)—,—
7-15
88-
$1.31 y4
————
8-15
$1.50
—
8-1
$1.75
(quar.)
(Wash., D. C.)
50c
Lighting Corp. $5 pfd. (quar.),—„
Pacific Tel. & Tel., 6% preferred (quar.)
9-12,
15c
Sheep Creek Gold Mines (quar.)—
Shell Union Oil Corp. (irregular)_—_
Sherwin-Williams Co. of Canada (interim).
1
$1.25
(quar.),
!Pacific
15c
—
120c
Aircraft, Ltd., common—
&
Gas
Stores
:
United Fruit Co.
15c
...
com.
1$1.75
Oppenheimer Collins & Co._—
9-12
10-1
——
125c
(quar.)—_
1
$1.12'A
Shawinigan Water & Power Co.——....—
7-14
■
10-
30c
.
(quar.),
(s-a[
(quar.)
7-31
■
...
50c
$1
Steel
Products, common
preferred (quar.)—
7%
7-
Inc.
Shaffer
7-15
Old Colony Trust Associates—
1
7-21
$1.75
(quar.)
Security Title Bldg., $7 partic. pfd. (accum.)
6-30
7-29
7-20
1
Security Storage Co.
'
T'7-14
*
1
8-
(quar.)—
preferred
7-31
Ltd.
Share,
B
United
8-
(quar.)——
class A conv. pref.
Surety Co.—
Acceptance Corp.,
Securities
8-15
—...
California
of
Co.
United Drill & Tool, class A
Class B (quar.).
11-2
12- 1
37y2c
(quar.)..—
preferred
Oil
Class
1
30C
;
1st preferred (s-a)„
2nd preferred (s-a) ——
7%
6-30
20c
7-21
1
$1.25
-
preferred
6%
6-30
7-20
$1.25
v
6-30
.7-20
$1.31 Va
—_™_
8-
7-25
8-
40c
Lawrence
3V2%
6-30
7-25
$1.12 y2
6%
'
6-30
9-11
-
$6c
$$1.50
——
9-
50c
6-30
7-14
.
50c
„
common—
.
7-14
'
40c
——
6-30
7-14
3iy2c
(initial),—
preferred
6-29
50c
Schuylkill "Valley Navigation & RR. (s-a)__
Scott Paper Co., $4 preferred
(quar.),. —
$4.50 preferred (quar.)—_____———
Scruggs-Vandervoort-Barney, common
7-15
37Vic
Northerq Indiana Public .Service Co.—
: 5 %:
9-21
7,-10
8- 1
6-30
6-30 '
7-15
$2
"V 25c
—
(quar.)
10-12
7-10
$2
6-30
$1.12'4
6-30
8-19
Schumacher Wall Board Corp., com.,
1
8-10
11-10
7-15
,
7-10
5c
Paper Mills, 6% pfd. (accum.)
Diego Gas & Electric Co., com. (quar.)
5% preferred (quar.)——
Schenley Distillers Corp., new common-
6-30
8-15
11-15
t$1.75
7-15
6-22
1
6-30
7
25c
25c
Co., Ltd., 7%
...
com.
1
8-10
7-13
■
7-10
preferred
7-8
25c
6-30
7%
7-21
7-15
125c
United Bond &
8-24
7-
St.
7-
8-22
$1.25
Union
7-13
9-14
:
(quar.),,—
Flour Mills Co.,
7-15
tic
$1.50
(quar.).......
6-30
8-10
7-15
4%
$2.50
11-27
1
,
—
Hosiery Mills,—
12-
7-, 5 •
50c
(quar.)
7-25
50c
(quar.)— ___——
(quar.) ,———-
Corp.,
7-31
(irregular).
United Cigar-Whelan Stores Corp.—
$5 preferred
(accum.)—....
$5 prior preferred (initial)..
United Corps,, Ltd., class A (quar.
$5 preferred
& Co.
Paper, common
7-1
8-15
8-
8-15
25c
—
Lawrence
7-15
......i—
50c
(quar.)
W.)
6-26
7-12
90c
Manufacturing
$1.50
$1
2nd preferred
6-17
7-14
300
(quar.)
San
7-20
8-
Union Electric Co. of Mo., $4.50 pfd.
7-20
8-22
:
6-30
Public Service Co.;—
St. Lawrence
7-22
;
7-20
1
30c
$1.25
(quar.)
7-10
St.
—
Northern Illinois Corp., common—™
$1.50
16c
.
pfd.
20c
Co.
(irregular)
Button, common (quar.)—
conv. preferred (quar.).
__.!
St. Croix
7-20
75c
68%c
preferred (accum.)>———————
preferred (accum.)—
5Va %
North American Life Insurance, common—
9
8-10
—__——
Inc., $6.50 preferred (quar.)
Royal Typewriter Co., common,,,
7% preferred (quar.
6-30
S-
Tuckett Tobacco
8-15
11-13
3714 c
...
Roos Bros.
6-30
7-15
$2.50
$1
(quar,)—
Adjustment preferred
7-20
8-
.
75c
'
Norfolk & Western Railway Co.
7-21
1
$1.50
6
5-
1
12-1
50c
common...
Mines
50c
—^
Rollins
7-15
50c
.—
8-25
$25c
Gold
9-
of Reo»
7-15
50o
Co. (quarl.-—......
Trinity Universal Insurance (quSr)
Shovel,
Towle
1
25c
Extra
6-30
8-
A
$1.50
7-14
!
8-
Rochester
7-10
;
:
8-31
Rike-Kumler
1
7-10
and
(H.
6-15
•
Toburn
$1.50
—
(irregular)
1st
7-31
8-15
Thew
6-30
(quar.),^,-—^,—
preferred
$2
6-30
7-10
7%
Rickel
;
New
:
Class
7-21
7-15
25c
$1.25
National Steel Car Corp. Ltd. (quar.)
$25c
Naumkeag Steam Cotton————$1
Newark Telephone Co., 6% preferred (quar.)
$1.50
New Bedford Gas & Edison Light Co. (quar.)
$1
New Brunswick Telephone Co., Ltd. (quar.)
$13c
Newport News Shipbuilding & Dry Dock—1
$5 preferred
(quar.)__
$1.25
8-15
Quarterly
ccnv.
Rhode Island
6-30
1
7-15
Money Corp., $1.20 preferred
National Oats Co., 5% preferred (s-a)——-
1
7-15
Reynolds (R. J.) Tobacco Co.—
<
15c
15c
.
6-30
7-20
National
preferred
Common
—
8-
9-
,
10-30
2c
National Electric Welding Machine (quar.)_
Quarterly
J———-—————.—
8
7-15*
1
6-30
15c
Reliance
7- 3
7-15
7-15
Holier*
Payable
t3o
,
—.
35c
preferred (quar.)
Mfg. Co. (111.), common,Remington Rand Inc., common,,—
$4V2 preferred (quar.)—
Republic Investors Fund, 6% pfd. A (quar.)
6% preferred A (quar.)_„^.
6% preferred B (quar.)—
Revere Copper & Brass, 7% pfd. (quar.)—
5%% preferred (quar.),——
Reymer & Brothers, common (irregular),—
$5
8-15
———
7-14
Regent Knitting Mills, $1.60 preferred (quar.)
V $1.60 preferred (quar.),,!—;
Reliance Electric & Engineering—
;'
6-30
(quar.)——
National Bond & Chare Corp.
8-15
$1.25
Pump •' Co.___
(C. A.), $2 preferred————.
Reed
1
7-15
30c
-
8-10
9- 1
15c
15c
50c
30c
8-31
preferred
6-15
preferred (quar.)———:
Reda
''7-15
7%
7-15
7-15
50c
——
2nd
$1.75
5
8-1
50c
•
Automotive
Fibres, Inc.—
convertible preferred (quar.)_
convertible preferred (quar.)™™„™
6%'
•
9-28
12-28
10c
-.
•
7-15
41 %c
preferred (quar.)
Railroad Employees Corp., 8Qc pfd. (quar.)
Railway Equipment & Realty—.
6% 1st preferred (accum.)
Reading Co., common (quar.)____„
4% non-cum. 1st preferred (quar.)—:
8-15
1
37%c
Fund-™--™-™..--™-.^-;
Investment
Mutual
•
9-
•■•!■- 50c
preferred (quar.)™™;
$1.50
preferred (quar.) ____$1.30 v
6%
8^1
When
,
thare
Sylvanlte Gold Mines (quar.)
Syracuse Transit Corp., common (irregular)
Common (Irregular) ...........
Tacony-Palmyra Bridge, 5% pfd. (quar.),...
Taylor-Wharton Iron 8$ ■ SteeLu..*,_.T.._....
Terminal & Transportation Corp,...
...u
Texas Water Co., 6% preferred (quar.)™..
Thatcher Mfg., $3.60 preferred (quar.)™...
Thermatomic Carbon Co., $5 pfd. (s-a)
Radio-Keith-Orpheum Corp.—
6-30
6%
Muskegon Motor Specialties—
.
$2 'Class A (quar.)J-™-----™™™--™™™
Mutual Chemical Co. of America—
.■•v!:5'!':
■
'6-30
7-20 1
7-15
Name of Company
7-15 '
1
50 c
preferred
preferred
Per
"
of Rea*
Service Corp.
6%
7-31
$1.50
-
v
•
62Vsc
(quar.)™™-™™™™™-™-'
preferred
8-
58y3c
(monthly)—,,,,,
of N. J.—
(monthly) —___—
••6%
(monthly),———;
Puget Sound Power & Light Co.—
$5 prior preference (quar.)———
Purity Bakeries Corp.,,—„___
Putnam (George) Fund
—,
Quaker Oats Co., 6% preferred (quar.)
Quebec Power Co. (quar.)
.7- 8
9-1
8-
'
Mountain
Payable
of Colorado—
(monthly)
(monthly),:—
preferred
preferred
preferred
5%
7-15
;
preferred (quar.)
—™_™—;
34%c
Montana Power, $6 preferred (quar.)™™™,$1.50
Montgomery ward & Co., common (quar.)™
' 50c
" $7 class A (quar.)—————
-v.
' $1.75
Montreal Telegraph (quar.)$48c
Morrell (John). & Co.:
—-—--—--•
50c
Mount Carbon & Port Carbon RR. (s-a) _™
■■ $1.25
Mountain States Power Co,, common (quar.)
37% c
5Va%
.
8-
7-15
>•
When
ihare
Name of Company
Public Service Co.
•
preferred (quar.)__^
j:
Monongahela Valley Water, 7% pfd. (quar.)
Monroe Loan Society, common class A
i
$7
.
Holdert
Per
'
a! Reo,
Payable
'hare
: C
;v-
Roiaert
wnen
v.l"er
'
155
Zonite Products
Corp.
—....
"
Sullivan Consolidated Mines
Sum Oil
•Sun
Co.,
4M? %
preferred A (quar.)..—
Ray Drug, common..™
6%
preferred
12c
(interim)
............
(quar.)
$1.25
——
$1.25
Superheater Co.
(quar,).......
....
Jamaica income tax
8-
1
7-10
20c
8-
1
7rl4
•Transfer books not closed for this
8-
1
7-14
fPayable in
JPayable
;
50c
Super Mold Corp. of California
Less 30%
$1.1214
3714c
$5c
—
x
7-20
7-
25c
7-15'
7- 5
j3
in
U."
dividend.
non-residents' tax.
Non*
a Less British Income tax, y
S. funds, less 15% Canadian
Canadian funds,
resident tax* 15%;
tax deductible at the source.
resident tax. 7%.
r
Monday, July 10, 1944
FINANCIAL CHRONICLE
THE COMMERCIAL &
156
Francisco
District, and $509,000,000 in'the Boston Dis¬
-t".
.•
'
trict.
A
of
( + )
Increase
Decrease
or
certificates on hand
Gold
due from U. S.
18,551,875
Treasury.*
271,256
,
9,304
Industrial loans
—1,324,643
29,553
11,637
—
78
—
—
+
1,452
Certificates
-
Bonds
—
18,652
—
14,737,903
securities
-342,658
+
+
7,048,569
+
2
+
19,855
136
banks
banks..
76,814
B—145,669
1,564,089
Uncollected items
Bank premises
34,704
:
Other assets
4,251
'
1,691
—
139,341
+4,937,175
879,410
390,528
93,841
—341,319
—106,572
—
9,986
15,067,197
-551,718
694,480
1,249,791
-180.406
30,110
5,229
+
12,986,913
219,248
U. S. Treasurer—gen. acct.
Foreign
Total
deposits
Deferred availability items
incl. accrd. divs
Other liabs.,
—
1,470,508
-
Other
-
6,979
35,295,630
79,071
895
Total liabilities & cap. accts..
35,7487503
—596,537
;
+
10,008
+
—
Commitments
make
to
trial loans
10,490
3,965
EXCHANGE
CERTIFIED
RATES
ioy
+
1
36
+1,013
j*
V
obligations—
/.
53
+
15
'■
85
+
+
27
+
Treasury bills
2,942
+
561
10,341
+
1,110
7,262
C-+
-77
—
Treasury certificates of indebtedness
Treasury notes
.
'
+ 1.192
—
1,363
,
U. S. bonds
+'
18,743
Other securities
Cash in vault
629
:
25
44
—1,918
+
3,350
+
3,384
327
+ 3.058
10
—1,252
+
51
2,955
+
8,952
;
—
108
—
+
396
+
15
+
92
2,267
'
541
595
Reserve with Federal Reserve Banks
+
65
•;
...
Balances with domestic banks
30
—
Liabilities—
—3,418
33,008
+
719
3
+
1,113
6,762
—
,
12,637
+ 6,946
7,104
+
Interbank deposits:
8,796
Foreign banks.
Borrowings
Debits
to
demand
Interbank
deposit
and
U.
accounts
S.
Gov't
—
+
80
15
+
95
94
—
65
__
114
—
867
during week
30
RESERVE
JULY
TO
6,
+
51
except
accounts,
21,041
•_
...
BANK
June 30
TREASURY UNDER
Buying Rate for Cable Transfers
Value
Boston:
July 1
in
United
States
Official
July 3
.
1930
York
in New
July 6
July 5
July 4
;.'v *:;-.-■■■■
$
$
.297733* ' :
.297733*
_
OF
ACT
TARIFF
Money
$
Argentina, peso—
$ per share
TO
INCLUSIVE
1944,
Noon
STOCKS
1,010)
+
-561)
Other loans
Country and Monetary Unit
-
+
:
Loans to banks
Wednesday, July 5, by R. L. Day & Co.,
Shares
1,295
U. S. Government obligations
.v
Obligations guaranteed by U. S. Government
FEDERAL
BY
JUNE
on
+
pur¬
tifying daily to the Secretary of the Treasury the buying rate for cable transfers in the different countries of the
world.
We give below a record for the week just passed:
\ ,
FOREIGN
Transacted
+
659
for
of the Tariff Act of 1930, the Federal Reserve Bank is now cer¬
to the requirements of Section 522
Pursuant
8,246
—
234
—
435'
1,373
dealers
Foreign Exchange Rates
15.9%
I
Indus-
.
+
Real estate loans
000,000 in the Cleveland District, $528,000,000 in the San
5,688,166
+
—
.4%
'+
■•/•
88
136
_
56.5%
combined
2,679
+
deposits increased in all dis¬
Ratio of total res. to deposit &
F. R. note liabilities
+
agricultural
27,686
+
and
U. S. Government
City, $892,000,000 in the Chicago District, $561,-
York
>
9,193
1,748
321
and
Other securities
tricts, the principal increases being $3,003,000,000 in New
Capital Accounts-
Capital paid in
Surplus (Section 7)
Surplus (Section 13b)
Other capital accounts
+
+
1,073
brokers
to
+-3,884
•.
12,164
industrial,
Other securities
adjusted declined in all districts, the
United States Government
+5,660,826
580
...
158,740
188,097
26,965
32,680
6-30-43
Other loans for purchasing or carrying:
being $1,574,000,000 in New York
City, $423,000,000 in the Chicago District, $295,000,000 in
the Boston District, $243,000,000 in the Cleveland Dis¬
trict, and $238,000,000 in the Philadelphia District.
553,495
6-21-44
chasing or carrying:
;
decreases
principal
335,885
-598,012
Total liabilities..
Loans
pur¬
of Treasury bills increased $561,000,000, of
Demand deposits
Deposits:
Member bank—reserve acct—
'■*
939
18,971,663
_
,
={ a5.036
;
Commercial,
Treasury certificates of indebtedness $1,110,000,000, and
of United States Government bonds $327,000,000.
Liabilities—
Federal Reserve notes
Since
$
$
6,027
Loans—total
or
Holdings
+5,688,166
-596,537
35,748,503
Total assets
1-
—
1,781
+
49,670
—
35
—-
61,136
—
9~314
—
7+.;
.v6-28-44
Loans and investments—total__-
Other loans for the same pur¬
pose increased in all districts, the principal increases
being $401,000,000 in New York City, $125,000,000 in the
Atlanta District, $110,000,000 in the Cleveland District,
and $102,000,000 in the Chicago District; the total in¬
crease at all reporting member banks was $1,010,000,000..
7,061,658
—372,133
F. R. notes of other
of
•"'•■••
"
■"
Assets—
porting member banks.
14,771,043
(incl. guar. sec.).
Due from foreign
437,635
securities
Total U. S. Govt,
Total loans and
2,290,290
+
Increase (+) or
carrying United States Government obliga¬
tions increased $335,000,000 in New York City, $118,000,000 in the Cleveland District, and $561,000,000 at all re¬
chasing
4,352,385
+
3,381,930
1,182,535
1,464,093
■
Notes
+
—342,658
8,709,282
,
of dollars)
millions
Decrease (—)
"•
carrying United States Government obliga¬
or
Loans to brokers and dealers for the purpose
U. S. Govt, securities:
Bills
(In
tions, and $7,104,000,000 in United States Government
deposits; and a decrease of $3,418,000,000 in demand de¬
posits adjusted.
1
.'7
7.
71,072
—
71,167
—
19,240.581
21,995
11,145
Total reserves
Discounts and advances
of the assets and liabilities of reporting
7S>7'.7 7:77V; \ '\V •
summary
member banks follows:
principal changes for the week
$2,085,000,000 in holdings in
Government securities, $1,748,000,000 in
States
chasing
362,265
+
5,637
+
417,450
Other cash
—1,615,841
.r-T.67,500
...
Redemption fund—F. R. notes...
Reserve
loans, of which $1,571,000,000 was for the purpose of pur¬
$
$
JjJ
and
United
July 7, '43
June 28, '44
July 5, '44
Federal
.
ended June 28: Increases of
(—) Since
Assets—
the
cities shows the following
thousands of dollars)
(In
reporting member
System in 101 leading
The condition statement of weekly
•
banks
.297733*
.297733*
'
($300 par)
Athenaeum
Boston
1
500
—-■
285
Topeka & Santa Fe Rwy. common ($100 par);
Fairhaven Mills Real Estate, common...!
...—-
1
($1
Corp.
Sheraton
388
par)...—_—
$65 lot
Official
.060586*
—
7r::7.'77'V:
North
10
100
to
buy
common
100
t
v
to
preferred
c
4.035000
4.035000
.301215
.301215
.301215
.205760
.909090
.'
Official
& L. Association...
shares Empire Electric Brake,
$1 per share expire 1947...—__L $210 lot
at
'
1959,
($1,000 due
$2,000 due
3.980000
pound
Noncontrolled
Per Cent
.658300*
.529600<'
.898125
.898125
3.244203
3.244203
3.980000
3.980000
3.980000
.658300*
.
..529600*
.529600*
The directors on July
Corp.—Exchange
Stores
Cigar-Whelan
Offer
Extended—
corporation announced on July 5 that it had extended from
to Sept. 30 the time in which holders of its cumulative $5
stock may exchange each such share for five shares of
prior preferred stock plus $2 in cash.—V. 160, p. 53.
(Continued from page 124)
July
the
7
preferred
(Including Leased Lines)
Total
revenues
Total expenses
Net
fiom
•Taxes
1944
*i>
the
111,170,857
$62,510,126
$69,496,525
44,114,516
42,733,451
4,083,897
operations
180,667,382
133,417,291
4,628,583,
_____
_____
Equipment and joint facility rents—net
charge
The
corporation filed with the Securities and Exchange Commission
reorganization plan revising the exchange
Net
income
from
Income
Income
oil
transportation
operations..
operations—net
from investments
Total
Fixed
from
and
14,311,713
other sources...
2,045,628
charges
other
Net income
all
13,652,125
sources
•Includes' Federal income and excess-profits
for 1944 and $34,000,000 for 1943.- ■
",v ;
,
,
To Sell
The
taxes
of
21,994,256
$34,500,000
1
-v
'
A
Certificates
to
be
offered
at
competitive
bidding
will
be
dated
Selected list of banking houses and insurance companies
1944.
"Will be asked
to offer bids not later than
was
duction
month
announced
July 12.—V.
The
per
line
at
in
the
160, p. 53.
July 5 that the
had
the
veil
first
of
and only
military
helicopter
secrecy
advanced
types, the
XR-5
and
XR-6
have been
Command
of
the
Sikorsky Aircraft,
of
such
stock,
a
officials said, will finish the present contract of
late in the fall, then start production of the R-5
450-horsepower Pratt & Whitner Wasp Jr. engine.
p.* 1599.
R-6, powered with a 245-horsepower Franklin engine wiU soon
rolling off production lines of Nash-Kelvinator Corp. under a special
agreement
with Sikorsky Aircraft.
Meanwhile the original Sikorsky VS-300
has
been
in
honorable
*••••'
•/
Bitting,
R.
rights
President,
properties of
on
declared
of
22
cents
class B stock, no par value, payable July 31 to
July 6.
Distributions of 30 cents each were made
and
Dec.
on
30,
1942,
against
as
1941.
'
dividend
quarterly
$1.50
class
record July
of
dividend
semi-annual
a
A
of
stock,
15.—V.
158,
38
,
no
par
p.
initial of 25
an
--
cents
per
value,
Power & Light
share was also
payable Aug. 15
495.
Corp., above.—V.
declaration
Central
and
has
The
(par
Manchester Gas
shares
V.
and
Co.
to
4,200
the
share^
of
to
latter company
par) of the
for $33,000 in cash.
The
($100
represent all the U.G.I.'s interest in the Manchester company.—
the SEC by United Utilities, Inc.
wholly-owned subsidiary, seeking
with
its
Co.,
a
non-affiliate, for a cash
adjustments,
portion
a
consideration of $1,000,000 subject to closing
of its utility assets, consisting of gas wells;
pipe lines and gas distribution systems, comprising its Western Divi¬
sion, located in Colorado and Kansas.
The proceeds from such sale
will be used
by Central Gas to discharge a note indebtedness of
$349,000,
Utilities,
United
due
helicopter, which first flew
for nearly a year as a
retirement
consummation
of
and
to
The
at
the
corporation has called for redemption
outstanding 6% gold debentures due
102%
and
int.
Payment
will
& Trust Co. of Chicago,
Chicago, III.—V. 159, p. 2680.'
Bank
be
made
successor
as
as
at
Called—
of Aug. 1, next, $48,900
extended Feb. 1, 1950,
the American National
trustee, 33 No. La Salle St.,
'
'
cancel
'■ : ■,
United
or
redeem
Utilities
and
part
its
of
hs
public
subsidiaries will be predominantly intrastate in character and
on
their business substantially in Kansas, the state in
the holding company and its public utility subsidiaries are
organized, and therefore such companies will be entitled to an ex¬
emption pursuant to Section 3(%) (1) of the Act.
A hearing on the proposals has been set for July 17.—V. 155, p. 2375.
will
carry
.
both
which
revenues
___■
expenses
_
________-
& prop, retire.
appropriation
Deprec.
reserve
Amort,
of
cper.
—
revenues—
(net)——
charges
—
____—
Net income
Divs.
—V.
applic.
159,
617,146
8,572,242
7,623,76f>
202,064
1,583,630
2,636,240
138,150
148,357
1,586,001
1,610,590
118,267
105,525
1,421,167
1,235,705.
150
150
1,800
1,800
$325,436
$418,807
$5,401,870
$4,652,693:
p.
103
$325,539 ^
304
12,867
8,456
$419,111
$4,661,149
to pfd.
2569.
161,158
221,239
$5,414,737
3,092,545
$164,371
Gross income
Interest
1944—12 Mos.—1943
$1,492,049 $18,566,710 $17,760,794
584.954
limited-term
investments
Net
(& Subs.)—Earnings—
1944—Month—1943
$1,372,220
205,263
taxes
taxes
Other
Other income
of
sale
such
utility
159, p. 2458.
United Printers & Publishers (Inc.)—-Debs.
the lease of oil, gas and
corporation to Ohio Oil Co.—
this
agreement, dated May 1, 1944, Central Gas proposes
E. McGee, of Blackwell, Okla., an individual and
an
Reece
Operating
Approved—
common
;;
I
.
to
sell
Operating
160, p. 53.
Exchange Commission has approved the sale by
of its holdings of 840 shares of 7% cumulative preferred
$100),
..
announces
Utah Power & Light Co.
The Securities and
stock
.
portion of the utility assets of Central Gas.
proposals are summarized as follows:
.
+.
Pursuant
to
filed
been
Utilities
Gas
approval of the sale of
Federal
United Gas Improvement Co.—Sale
'
United Utilities, Inc.—Proposed Sale—
Period End. Apr. 30—
See Electric
.' ' '
Mineral Properties
2569.
p.
After
United Gas Corp.—Official Promoted—
The
license
1939.
payable
•
159,
A
the
helicopters
powered by
in
22,
the
on
the company
two
shares
pro¬
R-4B.
developed, test-flown and delivered to the Materiel
Army Air Forces, Mr. Whelan announced.
be
1943,
Dec.
regular
holders
lifted last
the
Beyond that,
R-4B
record
30,
on
declared
Sikorsky aircraft factory at Bridgeport, Conn.
Already the first contract for 30 YR-4 Sikorsky helicopters has
been
completed, said Bernard L, Whelan, General Manager of the
corporation's Sikorsky aircraft division.
Production is getting started
on a second and substantially larger contract for an
improved version
the
have
the
on
of
Dec.
cents
Corp.—Sikorsky Division Builds New
world
both
1944,
to
offer
the proposal has been set for July 17.—V. 159,
on
directors
share
holders
to
on
to
United Corporations, Ltd.—22-Cent Class B Div.—■
on
Helicopters—
It
proposed
had
v'-; /
•■
hearing
The
United Aircraft
1,244,356
including
preferred
.capital stock.
has
applied to the ICC for permission to issue
$8,120,000 1%% equipment trust-certificates to help finance purchase
of new equipment costing a total of $10,150,000.
+ ■+*+'
Aug. l,
United
1V2
(a)
cash.
Equipments—
company
and
to
filed,
shares of the common stock of Philadelphia Electrict Co.;
(b) % share of the common stock of Delaware Power &
Light Co., and (c) $3.75 in cash.
Under the provisions of the amendment, in lieu of
the foregoing
securities and cash, United now proposes to offer to exchange for an
outstanding share of its $3 cumulative preference stock, and any and
all claims to accrued and unpaid dividends thereon, up to and in¬
cluding
1,123,374 shares of such stock, the following:
(a) 1 8./10
shares of the common stock of Philadeljhia Electric Co., and (b) $5 in
27,921,976
5,927,720
from
heretofore
par
quarterly
first
Clarence
outstanding share of its $3 cumulative preference
and all claims to
accrued
and unpaid dividends
an
any
up
following:
1,948,140
19,522,751
5,870,626
income
and
3,839,345
plan
for
and
thereon,
22,134,491
3,165,410
__
the
Under
exchange
stock,
;■
mineral
V.
preference stockholders last January.
$3
to
Dividend
cents per share on
$10, from earned surplus as of Dec. 31, 1943,
5 declared a dividend of 50
United States Sugar Corp.—Leases
June 30 an amendment to its
offer made
usual
year
of $3
Cumulative Preference Stock—
195,927,417
__
______
Corp.—Amends Offer Made to Holders
United
1943
J':'*-.7*$
-
.529600*
dividend of $2 per share on the 8% nonstock, par $100, from net earnings during
Sept. 8 to holders of record Aug. 25.
Distributions of 50 cents per share were also made on the common
stock on March 10 and June 9, this year.
In 1913 the following com¬
mon
dividends were paid:
June 28 and Sept. 24, 25 cents each, and
Dec. 17, 50 cents.—V. 160, p. 53.
the
:
May 31—
.".V,
stock,
common
and
cumulative
The
Union Pacific RR.—Earnings—
._
.658300*
.529600*
!■'•" ■*?
United States Rubber Co.—50-Cent Common
Mich.—V. 159,
2016.
United
.'
.658300*
.658300*
•Nominal rate.
111%
I960)..
!ka
5 Months Ended
.909090
.909090
.909090
.898125
3.244203
33/4S
permanent exhibit in the Edison Institute at Dearborn,
-* •
.205740
Uruguay, peso—
a.
■'•'.
.301215
.205740
3.980000
pound
Union of South Africa,
$725 lot
J.. Sewer Improvement
N.
.301215
.898541
New Zealand,
Brake
BONDS
of Hammonton,
Town
.572766*
4.035000.
4.035000
'■■■ r:-+'V,
3.244203
Free
Controlled
$3,000
.909090
.900625
.572766*
HOLIDAY
Newfoundland, dollar—
45
$35 lot
100
buy 100 shares Empire Electric
"B" at $1 per share expire 1947..
Options
.572766*
4.035000
India (British). rupee__
30%
Branch-Sedgwick B.
Options
.060586*
.051275*
.909090
.909090
.900703
.572766*
.572766*
—..
.205760
$ per share
Peoples Bank & Trust Co., Hammonton, N. J..._,—_+
Farmers & Mechanics Nat'.l Bank, Woodbury, N. J._J_
6
30
2'
England, pound sterling—
;■! -
STOCKS
.-V"/
.900625 '
.909090
.900937
Free
Wednesday, July 5,
Philadelphia:
.
■
Canada, dollar—
Colombia, peso
:
.060586*
.051275*
.051275*
.060586*
.051275*
—
Free
$5 lot
Official—
Shares
3.228000
'
$3
•_—
Transacted by Barnes & Lofland,
.251247*
.251247*
3.228000
3.228000
Brazil, cruzeiro—
———
(lc par)
Z-Pack Corp. common v t c
.251247*
3.228000
Australia, pound
Atchison
7,500
.251247*
Free
$5 lot
($1 par)
Mines
Queen Gold
1
$197,872
$2,322,192
$1,965,487
1,704,761
1,704,761
stocks for period____
-
:
2,695,662
.
Volume
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4297
160
Universal Cooler Corp.—Merger
Walden (N. Y.) Telephone
Negotiations Report¬
».
See
Detrola
International
Corp., above.—V.
160,
53.
p.
Operating'
/
1944
*
Gas
Building, Utica, N. Y.- -Bonds
Electric
&
Called—
;•
,
:
-
$83,293
28,667
15,191
Federal
2382.)
p.
income
Other
Vermont Utilities, Inc.—Earnings—
12 Months Ended March 31—
—
1943
$140,918
65,751
Oeneral
.taxes
.Federal
income
Income
9,819
6,104
____—
5,353
10,708
Total
Federal
5,723
'■
Net
accruals
deductions
$28,937
9,801
j— _—
;iaxes______7_;v___________:..-_-
—
ment
Net
—V.
income
158,
—
;
$17,537
■—___.
Utility
operating
income
Retirement
Income
Net
569
$49,671
$47,149
23,207
21,937
7,744
8,117
$18,720
_
$17,095
accruals
reserve
deductions
income
—v.
331
.7,7".
Gross: income
158.
899.
P.
7T7;VV:;
Waltham
$46,580
$49,340
_
Ira
526,400
234,923
585,861
2,826,603
taxes-
6,690,196
_________
238,005
217,029
2,712,640
■255,353
;
238,111
••
income
Other
taxes
with
tion
2,468,621
Maintenance
The
of the
1944—12 Mos.—1943
10,810,528
2,331,688
2,744,026
6,260,713
Depreciation
Federal
12,789,872
2,465,189
Net
oper.
$504,544
$509,504
$6,344,670
1,180
96,906
$515,446
$510,684
$6,441,576
156,822
157,859
1,897,748
be
have
tion
with
agreement
made
Guilden
Mr.
•Interest and amort
last
the
$5,794,654
1,839,553
■7.
English
Brazilian
only if
preferred dividends for
the
Balance
$358,623
l_
Preferred
—v.
dividends
160, p. 54.
$352,825
shall
have
sales
of
purposes
full
Net
of
year
compensa¬
less
been
the
than
for
shall
and
serving
be
executive
50%
(a)
after
company
in
of
discounts
non-war business
1,171,602
__
'Gross
Wet
from
from
Net ry.
railway..
railway.-d.
both director and member of
as
$5,000, but Mr. Guilden
committee member
income.
oper.
and
1943
1942
1,023,674
1,173,885
608,474
Net
from
Net
ry.
—V.
railway—.:.
oper.. income.
159,
590,110
672,423
$2,245,018
before
or
12,742,493
1,482,783
7'
11,281,221
11,269,570
5,787,978
5,502,854
5,659,033
3,072,228
3,198,163
to
agrees
sales
without
executive
as
at
$12.55
share
a
order.
position
30,
companies
arrange
However, they
as possible.
'
are
it
reasons
in
always
is
always
alphabetical
certain
p.
com¬
'
.
Net
Jan.
■months
ended
distribution
Oct.
Statement
31.
of
was
made
1,
Per
1943.
Income
for
the
Year
Ended
April
Oct. 31, *43
Total
operating income
Operating expenses
Provision
for
legal
:
and
profit
before
Net
Doss
199,667
on
•Interest
expense
"
$12,444
sale of investments
_i
7.777 777;
' -7
investments—Cr
8,973
-Net' loss'
reached
a
provides for
159,
revenues
30,
1944
Prop,
1,
,
5%
at
mortgage
3V2%
(4%
income. bonds,
income
bonds, due Jan. 1,
in treasury, $133,800;
held
$10,801; first mortgage note,
1951), $462,948; -5%" mortgage
1965, $5,932,675; less bonds reacquired and
after
April
net,
1,
$5,798,875;
deferred
income
(prepaid
Trent and unredeemed parking coupons), $2,109; capital stock, $1 par
'value, $237,583; capital surplus, $62,421; earned
sui-plusj $43,782;
total,
$6,949,410.
Note—Of
1,154,233
623,831
851.745
a
Suit to which the company has,been made
party,
the
has been filed against the voting trustees
voting trust and other relief.—V. 159, p. 116.-
for
dissolution
death
On NYSE Floor
of
;
President,
City
who
of
Government
covering
of $850,000
contracts.
the full
The
fiscal
before provision
(& Subs.)
1944—Month—1.943
-7
$1,028,400
of
of
by
personnel
members,
of
partners and
Exchange
Stock
designated as New York Stock
Exchange War Bond Day, aggre¬
,138,780
107,512
117,606
1,758,380
106,720
made
persons
rally.
■
this
who
gated $270,639,289. Figures for the
drive. up to
pet yet available.
this
time
are
Emil. Sehram,
Inc.—To
'
Vote
1,221,447
Common
on
7":-, 7";.
stockholders
has
been
called
for
July
12
to
purchase
to
100,000
shares
result in
of
annual
average
reduction
an
elected President and
1.
the
1,089,820
to
at $3
to
to
the
3,016
46,190
stated.
vehicles.
Jan.
10,000
per
shares
share
and
of
stock—ton
common
shares
22,500
and
annually
after
thereafter
1950.
1,
shares
heretofore
preferred
which may
one
authorized for saie to employees and for
on' conversion of preferred stock.
right to terminate each of the options except
stockholders
be exercised
Jan.
on
1,
1945r in
Mr.
Sorenson
company
prior to
shall for
case
shall
1
cause
46,727
terminate
Sept.
$3,653,754
3,270
Chairman,
director Of this corpo¬
its
purchase
1945,
prior
to
terminate the employment of Mr. Sorensen.—V.
1,094,030
$3,718,656
a
year:}, Mr. Canaday said.
option agreement as outlined i-rf the'proxy statement
mailed to stockholders call for Mr. Sorensen to have
being
issuance
1,298,643
1,148,011
91,626
for 10
year
a
take
on
motor
The company reserves the,
$313,352
income
(net)
income
$285,801
______
charges
$316,368
liis
the
of
employment
in which the
year
in
or
the
case
option
be
may
exercised,
159, p. 2680.
Wisconsin Central Ry.—Earnings—
Period End. May 31—
Total revenues _______
♦Total
$3,764,846
$3,700,481
70,093
908,617
876,434
$246,275
$2,856,229
$2,824,047
76,714
•/,
Net
income
net
$209,087'
-
reservations
Net
—V.
7."
•
300,000
$209,087
____________
Other
taxes
Net
.
applicable
to pfd.
stock
$246,275
.$2,824,047
period__
for
$2,556,229
6,669,840
5,568,862
$630,234
$599,594
$2,460,520
$2,575,705
$8,144,567
■
183,891
107,000
587,403
115,885
93,693
532,181
509,474
$514,349
__________
$322,010
$1,821,339
.
622,518
after
of
taxes;
Crl,380
Cr23,873
Dr81,417
$1,478,828
CM2.199
rents____
Br29,148
Dr32,63G
^150,476.
DM49,977
income_
$486,582
$313,248
4,637
5,080
$1,589,446
Drl20,140
$1,341,050
(net)___
$491,219
$318,327
$1,469,306
$1,362,097
10,024
11,342
50,401
58,112
$481,195
$306,985
$1,418,905
$1,303,985
equipment
622,518
Joint
facility
159, p. 2348.
Net ry.
Western Electric Co., Inc.—To Make 80%
Other
of Allotted
Telephones for Civilians—
Of
the
800,000
civilian
telephones
which
the
War
Production
Board
will
independent
The
be
manufactured
by
other
companies
for
the
telephone organizations.
manufacture
quarter,
with
the
of
initial
authorized
in
the
by
fall—V.
WPB
159,
_______
Net
after
fixed
chgs.
start
♦Includes
22417
amort,
of
fense projects:
Woods
The
Road
Manufacturing Co., Ltd.—Resumes Dividend—
directors have
declared
an
initial
quarterly dividend
of
50
of
sudden
the
North
Africa,
audience
around
pictured
the
Hill
bitter
523
for
his
the
plea to
attended
the
the
y
Captain Richard Lewis Harris,
outstanding hero of the African
campaign and holder of the Dis¬
tinguished Spyvice
Cross for
extraordinary^bravery at Bizerte,
Nevil
State
Ford,
War
Chairman
Finance
said:
"I
more
prompt to
of
know
need
trict.
We
than
are
of
bat¬
of
the
Committee,
no
community
respond in time
the
financial
dis¬
2,657
it's
still
and to
long
a
way
gratulations
the
to
Which
Governor
York
that
habit
Stock
this
peated
More
out
in
115,133
130,762
Alfred
Wall
E.
the Banking and Investment Divi¬
Street
read
was
by
"It
has
said:
with
Exchange
of
the
to
success
New
set a
in its
campaigns and I know
experience
Fifth
the
power
corporate books but not
on
sion
of
the
War
State
of
Finance
Committee, spoke briefly.
A feature of the rally was the
singing by Lawrence Tibbett of
America
and
of the
National
Anthem by Helen Jepson.
Smith
standard
War Bond
26,199
to you and your members."
William R. White, Director
Coleman.
high
141,686
to
Tokyo.
Governor
community,
a
13,485
141,778
23,016
Smith, who cancelled his sched¬
uled address on his physician's
advice, sent a message of con¬
become
13,828
28,337
tDoes not include interest, being accrued
being paid currently.—V7159, p. 2680.
Former
Mr.
2,697
28,356
normal'deprec.)
Road prop, deprec.—
will
be
re¬
in the midst of the
biggest War Loan in the history
world and, in plain Eng¬
lish, we've got to get the money
of the
because
"
excess
of
cents
fighting Berlin
when
de¬
______________
Equipment (in
per share on the new capital stock for the
quarter ending Sept
30,
next.
A capital reorganization was effected
last March.
This will be
the first dividend
payment since 1931.—V. 155, p. 1424.
out
21,048
fixed
of
use
is to
p.
for
tFixed
V
telephones
deliveries
avail,
charges
charges
authorized, 80% will be turned out by this company, the manu¬
facturing, subsidiary of the American Telephone & Telegraph Co.
The
remainder
oper.
income
Inc.
has
this
$9,130,360
1,142,153
revenu§s____
ry.
1944—12 Mos.—1943
$1,741,747
1,367,190
Federal income taxes__v
Hire
^Dividends
1944—Month—1943
$1,997,424
expenses
of
income
Balance
est possible amount of bonds." Mr.
Coleman
Equips.—
order to make the option agreement
possible stockholders will
also be asked to
ratify an amendment to the certificate of incorpora¬
tion, waiving their pre-emptive rights to subscribe to 100.000 shares in
Earnings—
90,465
his, mother in Indiana,
7,000
on
In
on
'$282,531
an
.entire
Jan.
1943
taxes
for
will
carry
of
is
right
and
company
year
and
Details
the
1944—12 Mos.—1943
had asked that
firms for the day which had been
own
freezing-
over supervision of tTie
company's war pro¬
planning for post-war ^manufacture of light¬
It will also be his
responsibility to
develop executives to be approved by the directors.
Inventions, de¬
signs and other developments by him relating to 'the business of the
company will become property of the company," Mr.
Canaday said.
$1,025,529 $12,948,667 $12,309,558
396,225
5,160,364
5,115,120
409,112
—
of
salary of $52,000
a
weight, low-cost
46,000
______
the
was
account
on
of
:-,7
Motors,
''.y./v ■■■;
exercised would
Sorensen
which
Monday be marked talion, reduced from 800 to 19,
by an extraordinary concentration held its position until artillery re¬
John A. Coleman, Chairman of
upon the. sale' of War Bonds, urg¬ inforcements
made
possible the
the Board of the New York Stock
ing the Stock
Exchange com¬ surrounding of their objective,
Exchange, reported on June 27 at
munity "to ihtensify further its thus helping to close the trap on
the Fifth War Loan Rally held on
effort to sell,'to the greatest, pos¬ Rommel's
retreating
Afrika
the Exchange floor that sales of
sible number of people the great¬
Korps.
the eight issues of the Fifth War
Loan
7
at
duction
;
1, 1951.
tests
company's office up to July 19.—V. 160, p. 54.
Sorensen is to be
"Mr,
$302,488
46,000
revenues__
oper.
Miscel.
the
1, 1936, to Feb,
lockers,
hope to
•-
options for Charles E. Sorensen
stock at $3 per share.
ration
843,l3o
agreement
taxes
Interest
outstanding shares of capital stock of' the company,
7190,991 shares are held by depositary under agreement dated Jan. 30,
Feb.
food
reserve
-
Liabilities—Accounts payable, , $16,496; accrued wages and salaries,
$5,946; accrued taxes, $1.33,512; accrued interest, $34,2847 protested
special assessments past due, including penalties and interest, $112,475;
current payments required on
principal amount of first mortgage note,
$28,178; bond purchase fund deposit payable July 1, 1944, for retire¬
of
1943
■
$5,666,234
retirem't
Net
bond
purchase fund (after reflecting $10,801.41 to be deposited July 1,
1944, per contra), $10,533; land, building and
equipment, $6,563,529;
total, $6,949,410.
.■
.7.'.;::
;
the
of six cents per share in the book value of the common
stock for five
years, based on the company's net worth, including
post-war rehabilita¬
tion reserves as of March 31, 1944, Ward
,
appropriation
:
v,7
$136,252; accounts receivable, $6,098; inventories of
etc., at cost, $7,244; U. S.' Treasury certificates,
1945, at cost, $40,000; deposit 1vith Chicago Title & Trust
Co.
to
cover
past due special assessments, including penalties and
Interest, $120,100; prepaid expenses, deferred charges, etc.,
$65,654;
interest
160,
$98,719
-".'7 V'.
at
common
1488.
expenses
3.252
$48,619
cabinets
Ashbaugh.
"This farmer
wide range of possiblities."—V. 160,
a
; ..'7;
kitchen
Canaday,
1944
$219,299
refund
a
p.
Operating
59,328
-
type
freezers
series
meeting
The option if
$6,059,651
Assets—Cash,
ment
ratify
share
a
$17.23.—V.
special
Mr.
'
to surplus
tentative
maintenance supplies,
.
77 cents
for refunds
Gross
Balance Sheet, April
due Feb.
A
31,000
Operating
17.708
1,658
farm
is
company
Stock Option—.
$225,488
Federal
1,213
8,735
and
certificates
addition
1,490
31,530
$50,100
—
7
"7
________
Washington Water Power Co.
$18,154
1,594
freezer
home
larger
exhaustive
uncooked foods," said Mr.
Willys-Overland
and
77 77'; 7777
"
7
renegotiation
145,707
27,793
the
the
conducting
will be received at the
Co.—Earnings—
adjustments
Other- taxes
bonds__
make
and
inviting bids for the sale of $1,140,000 equipment
J, to be dated Aug. 1, 1944, and maturing
serially in semi-annual instalments Feb. 1, 1945,' to Aug. 1, 1954.
Bids
$142,299
which
504-
currently
:
The
402,116
709
are
cooked
trust
31,000
Other
7, -
.
1942,
dividend on
The
of
______
post-war
'contingencies
has
on—
mortgage income
1941
amount
income
on
for
income.—V.
$5,710
1,490
7
First mortgage note
Special assessments
5%
July 5.
Income
on
for
for Year
72,854
"
Home
Enter
Wheeling & Lake Erie Ry.—Asks Bids
31, 1946
1939,
deduction
net
resulting' from
202,449 "
72,854
operating loss
on
record
a
the
charges
taxes
taxes
covering
'
service
for
$529,669
$269,592
will
field, cooked frozen foods, offers
1, 1946
Dec.
of
Manufacturing
Balance transferred
Total"
Apr. 30, '44
$260,077
depreciation
Interest
1945
Jan.
;
:
to
leaving
expenses,
Period End. May 31
7
Share
class A common,
Reserve
80, 1944
—Six Months Ended—'
Co.- -To
7
Reserve
last, for the six
'.7..:7'V-\';
1,
'
■
company
p. 54.
Note—The above statement does not- reflect any
provision
Jan.
on
Mfg.
&
1, 1945
July
The
.
the
Net .income
corporation, through the Continental-Illinois National Bank &
Co.. Chicago, 111., in July made a distribution of-y2 of 1%. on
.the ,5%. mortgage income bonds for the six months ended. April 30,
similar
Electric
recently
both
but
Per Share
$13 Per Share
777 7:.?7
Provision
--This
A
p." feooT"
the
"We
,
-Trust
1944.
339
$59,418
A recent
survey of the 1,500,000 subscribers to frozen
showed that 400,000, or about one out of three
persons,
a
home freezer after the war.
dates
Per Share
First 16 Weeks of—
.
effective
$12
7
-/'"j
■
Shoals
Net- sales
(The) Wacker-Wabash Corp. (The Pure Oil Building),
Chicago—Pays ?Interest .on ; Bonds—Issues i Financial
Statement—
•
' •
.
following
$11
on
54.
:
■
the
$59,079
16,297
_
plans to produce a line of cabinets such as that being
demanded by the public, to fulfill the varying
requirements of con¬
sumers, both city and rural, for freezing and storing of frozen foocis.
compensation.
$11
.
.
alphabetical
near
Ware
,
•„
The company
1952:
17 to holders
preferred stock is subject
6%
for
not
exact
as
after
payable on July
are
the
to
stock,
ara
1943
$44,038
____—
Mansfield, Ohio, plant
East Springfield, Mass., works.
director
a
above,
$60,335
announced.
.or
1939,
$5,069,000.
and that compen¬
the
serve
the
company will make and market after the war a complete line
of home freezer cabinets for both
city and farm use, J. H. Ashbaugh,
President in charge of the electric appliance division,
recently announced dividends of $5.25 a share on the 7% prior
preference stock for the period from Oct. 1, 1943, to June 30, 1944;
$18 a share on the 6% preferred stock for 1939, 1940 and
1941, and
2,994,039
mechanical
in
The
10,314,941
5,380,186
.
included
Vice
77 Cents Per Share Deductible From Dividend On
6%
878,497
3,070,228
—
„
NOTE—For
possible
June
10,000 Shares
'
.
common
10,000 Shares
$2,535,553
2348.
p.
B
'Preferred -Stock—■
railway.^ L-'
from
class
on
1941
1,089,922
"
From Jan. 1—
Gross
not
The
for
all or any part of 40,000 shares of authorized
company
unissued
10,000 Shares
$2,158,728
„
the
from
1,171,602
10.000 Shares
$2,489,774
—
foreign subsidiary com¬
for the six months'
our
companies
are
Freezer Field—
proposed agreement provides that Mr. Guilden shall be granted
transferable stock purchase warrants evidencing the right to purchase
,v7;
77 ■*
Virginian Ry.- -Earnings—
May—
'Vv.1944
from
those
which
current
liability
any
ques¬
were approximately
forthcoming meeting will vote on a provision that
Stockholders at the
mittee
$3,955,101
$4,543,828
__
requirements
profits taxes for the
excess
7-
v,
Westinghouse
$5,000,000,
year
The
.
of
and
subsidiary
subsidiary
—v.1159,"
provides
compensation of directors shall be $1,000 per annum
~
31,
govern¬
;
the company will have
available at this time,
received
earnings
$1.26
renegotiation of
...
that
appear
information
net
ended May
in
1944
earned either during
that year or during the next
and (2) that prior to Jan. 1, 1946, such additional
shall not be paid unless net annual invoiced sales for
$5,000,000.
sation
Balance
contingencies.
follows:
as
been
government
Dr211,823
.
289,6591
$1.19
adjustment
information
on
upon
the
period
President of the
annual net invoiced sales of the company in excess of
the limitations (1) that payment of such additional
compensation
1
(net)-:
Based
succeeding year;
$6,006,476
10,902
revenues™
income
-
proposed
shall
..(b)
Other
possible
it does not
as
panies,
that from the
effective date of the agreement until Dec. 31, 1946, he is to receive a
salary of $50,000 per annum, plus additional compensation equal to 1%
904,044
209,052
1,113,953
the directors as
On
V
following retirement of F. C. Dumaine from the manage¬
Subject to approval of the stockholders at a meeting on July 17,
he will be granted an option to purchase 40,000 shares of class B com¬
mon stock, and will- be
employed on a salary basis determined in part
by the company's sales.
1
$2,660,472 $33,829,170 $30,622,053
$2,876,366
___________
selected by
been
for
■
1944—Month—1943
revenues
Operation_
has
Vote
289.659
17,000
ment.
Virginia Electric & Power Co.—Earnings—
Opemling
Guilden
President—To
Co.—New
''v,J v:''x■:'"i
company,
..
Per'od End. Feb. 29—
Watch
_______
v__.L_.i_-______
outstanding
share—.
sales and other
period
Stock Option—
$370,316
shares
reserves
therefor based
Other. .income,
255,000
taxes___
*
per
,,
$642,316
240,000
______
surtax
tNo provision has been made for
$14,810
2397.
p.
$586,284
$346,284
and
profit
♦After
4,784
:___
profits
excess
Earnings
9,343
4,787
—
normal
Common
■'
$32,124
...
reserve
1943
$642,316
950
income____
tFederal
7.
„
charges-.
received
$28,938
-
12,117
10,863
______—__——________
Maintenance
7,313
$32,117
d:
income
Retirement
66,679
13,490
Operation
—.
income.——
operating
income
Gross
1944
$145,550
'',,
revenues
taxes—.——
8,111'
Dividends
.
Utility
'Operating
'
—
1944
$585,334
13,023
.—-
General taxes
/V:.;'5:
^
(V. 123,
See Kanata Realty Co., Inc., above.
,
6 Months Ended May 31—
♦Profit after all credits and
$95,887
____—-
Maintenance
Utica
1943
29,760
revenues
Operation
,
Wayne Pump Co.—Earnings-
Co.—Earnings—
12 Months Ended March 31—•
ed Discontinued—
157
War
Loan.
to you in your all-
sales effort.
I
My best wishes
was
provided by
Beach
Coast
ceding
the
the
Guard
rally
on
detachment of the
Division from
the command
McCarthy,
Fort
Music
Manhattan
Band.
the
Pre¬
floor,
a
100th Infantry
Bragg, under
of Captain John J.
gave
a
demonstration
of precision military drill in Broad
Street.
THE COMMERCIAL &
133
of Rights"
Reference
22 and an
issue of
give herewith text of the so-called "G I Bill
providing varied benefits to veterans of the present war.
•to the signing- of the bill by; President Roosevelt on June
analysis of some of its main features Was made "in our
Thursday, July 6, on page 105.
-V. :
We
(Public Law 346—78th Congress]
[Chapter 268—2d Session]
[S. 1767]
''
,1.
AN ACT
provide Federal
To
the
for
aid
life
civilian
.
(b) The necessary regulations
shall be promulgated by the Sec¬
Of "Gl KI1S0I- Rigbfts":
;;
;
Government
readjustment in
of
returning
World War II
veterans.
the Senate
"
■
'■
armed forces to the-Vet¬
from the
Administration subject to
agreements between the Secretary
of War or the Secretary of the
Navy and the Administrator of
Veterans' Affairs: Provided, That
no
such detail shall be made or
extend beyond six months after
the termination of the war.
3
erans'
and
of.
House of Representatives of the Veterans' Affairs shall have auth-;
United States of America in Con¬ ority to place ^ officials and em¬
gress
assembled, That this Act ployees designated by him in such
may be cited as the "Servicemen's Army and Navy installations as
may be deemed advisable for the
Readjustment. Act of .1944/'; , .
purpose of adjudicating disability
v.
■'.V,."'Vr: ' TITLE I
claims of, and giving aid and ad¬
Beit enacted by
.
Sec.
193. The Administrator
,
Chapter
,
I—Hospitalization,
Claims, and
Sec.
Admin¬
hereby declared to be
100. The Veterans'
vice to, members
of the Army and
retary of War and the Secretary
of; the
Navy jointly with
the
Administrator of Veterans' Affairs
the provisions of this section shall
valid unless; filed within fif¬
):'o
■
education
dismissal
after such discharge: or
within fifteen years
of this Act
ganizations who is responsible for
claims and rehabilitation activi¬
ties shall be consulted. The com¬
officer
manding
of
each
such
authorized
are
and
directed
of the service academies-or shall
to
have been
establish,
from
time to time,
boards of review composed of five
officers,
commissioned
representatives in "the
providing of available space and
equipment for such representa¬
Navy,
tives;-
a)
V-
vided, That such
■■
charge
such education
as
may
be
duty
the
ties for war veterans, and to
;
enter
without
into agreements and contracts for
the use by or transfer to the Vet-
veteran
file
a
claim
shall
be
prejudice to any right the
may subsequently assert.
erans'- Administration of suitable
Any person entitled to a pros¬
Army and Navy hospitals after thetic appliance shall be entitled,
termination of hostilities in the in addition, to necessary fitting
•
present war or after such institu¬
tions are no longer needed by the
armed services; and the Adminis¬
trator
of
Veterans' Affairs
is
and
training,, including institu¬
in the use of such
tional training,
appliance, whether in a Service
a
Veterans'
Administration
or
directed hospital, or by out-patient treat¬
regional ment, including such service un¬
offices, sub-offices, branch offices, der contract.,A
hereby authorized and
to
establish necessary
subordinate
offices in centers of population
Where there is no Veterans' Ad¬
ministration
facility
or
where
such
a
facility is not readily
available or accessible: Provided,
That there is hereby authorized
to be appropriated the
sum of,
$500,000,000 for the construction
of additional hospital facilities." ■
contact units, or other
Sec.
102. The
Administrator of
Secre¬
Veterans' Affairs and the
tary of War and Secretary of the
Navy are hereby granted author¬
ity to enter into agreements and
contracts for the mutual use or
exchange of use of hospital and
domiciliary facilities, and such
supplies, equipment, and material
as
may
be needed to
operate
properly such facilities, or for the
transfer, without reimbursement
of:
appropriations)
of/facilities,
supplies, equipment, or material
necessary and proper for author¬
ized care for veterans, except that
at no time shall the Administrator
©f Veterans' Affairs enter into any
agreement which will result in a
permanent reduction of Veterans'
Administration hospital and dom¬
'Sec;; 105;; No
person
armed forces shall be
in
the
required to
sign a statement of any nature
relating to the origin, incurrence,
aggravation of any disease or
injury he may have, and any such
statement against his own interest
or
case.
..-V-V
,
date
training,
ing
cer
if
or
enlisted man or woman or,
surviving
next of kin, or legal rep¬
deceased,
spouse,
resentative,
by
the
the type and nature
of his discharge or
cept a discharge or
reason
eral
dismissal,
Such-review
available
of the service department
Chapter
martial.
or
enlisted personnel
of
instruction
such
chosen
by
of education
course
.training, according to the regu¬
and
standards
prescribed
larly
practices of the institutions, except
a»refresher or retraining
course,
titled
such
to
shall be
person
en¬
additional period or
an
periods of education or training,,
not to exceed the time such person
active
the
in
after
16,
Sept.
service
1940,
and
or
on
before
the; termination of the war, ex¬
clusive
for
II
of
<
any
assigned for
a
period
he
was
of educa¬
course
tion or training under the Army
training: program or
training pro¬
specialized
the
college
Navy
gram, which course was a con¬
tinuation of his civilian course and
pursued to completion, or as a
midshipman at one of the
service academies, but in no event
was
cadet or
shall the total
period of education
training exceed four years:
Provided, That his work continues
to be satisfactory throughout the
or
period, according to the ^regularly
prescribed standards and practices
of the institution: Provided, how¬
addi¬
ends
during a quarter or semester and
after a major part of such quarter
or semester had expired, such pe¬
That
the
wherever
tional period of instruction
IV—Education of
,Veterans
<
of
riod of instruction shall be ex¬
section
signed at any time, shall be null
1, title I, Public Law
tended to the termination of such
relating to the person requesting Numbered
and void and of .no force and
2, Seventy-third Con¬
such review, and such other evi¬
unexpired quarter or semester.
effect,
v
\",,A
gress, added by the Act of March
dence as may
be presented by
"3. Such person shall be eligible
24, 1943 (Public Law Numbered
such person.
Witnesses shall be
Chapter II—Aid by Veterans'
16, Seventy-eighth Congress), is for and entitled to such course of
Organizations
permitted to present testimony
hereby amended to read as fol¬ education or training as he may
either in person or by affidavit
Sec. 200. (a) That upon certifi¬
elect, and at any approved educa¬
lows: ■
tional or training institution at
cation to the Secretary of War or and the person requesting review
"(f) Any person who served in
shall be allowed to appear before
which he chooses to
enroll,
Secretary of the Navy by the Ad¬
the active military or naval forces
whether or not: located in the
ministrator of Veterans' Affairs of such board in person or by coun¬
on
or after Sept.
16, 1940, and
sel:
Provided,
That the term
State in which he resides, which
paid full time accredited repre¬
prior to the termination of hostili¬
sentatives of the veterans' organi¬ "counsel" as used in this section
will" accept or retain him as a
shall
be
construed
to
include, ties in the present war, shall be student or trainee in any field or
zations specified in section 200 of
entitled to vocational rehabilita¬
the. Act of June 29, 1936 (Public among others, accredited repre¬ tion subject to the provisions and branch of knowledge which such
institution finds him qualified to
Law
Numbered
844,
Seventy- sentatives of veterans' organiza¬
limitations of Veterans Regulation
undertake or pursue:
fourth Congress), and other such tions recognized by the Veterans'
Provided,
Numbered 1 (a), as amended, part
Administration under section 200
national organizations recognized
That, for reasons satisfactory to
of the Act of June 29,1936 (Public VII, or to education or training the Administrator, he may change
by the Administrator of Veterans'
Numbered
844,
Seventy- subject to the provisions and limi¬ a course of instruction: And pro¬
Affairs thereunder in the presen¬ Law
tations of part VIII."
Congress).
Such board
vided
tation of claims under laws ad¬ fourth
further, That any. such
(b) Veterans Regulation Num¬ course " of -' education or training
ministered by the Veterans' Ad¬ shall have authority, except in
bered 1 (a), is hereby amended
may be discontinued at any time,
ministration, the Secretary of War the case of a discharge or dismis¬
by adding a new part VIII as fol¬ if it is found,
and Secretary of the Navy are sal by reason of the sentence of
by the Administrator
records
400.
Sec.
(a) Subsection (f)
v.
.
lows:
'
beds
appointed
lesser
Upon satisfactory comple¬
i
tion
or
such
for
or
be required for the
may
of
course
ever,
TITLE
of the sentence of a gen¬
court
as
him.
ex¬
shall be based upon all
study),
time
(2) the term "counsel") shall
have the same meaning as when
used in section 301 of this Act.
dismissal by
at an
training institution, for a
,
time
\'/• :
nents;
or
retrain¬
approved educa¬
or
period of one year (or the equiva¬
lent thereof in continuous part-
War
and the Secretary of the Navy, disability or after the effective
date of this Act, whichever is the
after conference with the Admin■)' • •
istrator~of Veterans' Affairs, are later.. ;■ .•" ):
authorized and directed to estab¬
(c) As used in this section—.
(1) the term "officer" means
lish in the War and Navy Depart¬
any officer subject to the laws
ments, respectively, boards of re¬
view composed of five members
granting retirement for active
service in the Army, Navy, Ma¬
each, whose duties shall be to
rine Corps, or Coast Guard, or
review, on their own motion or
any of their respective compoupon the request of a former offi¬
301. The Secretary of
Sec.
or
education
to
refresher
or a
course,
tional
was
retirement
be entitled
shall
'".)',
of
or
rupted, ,or interfered with.
"2. Any such eligible-person
filed within fifteen years
the
education
training impeded, delayed, inter¬
(b) No request for review un¬
der this section shall be
valid
unless
his
had
have
to
disapproval and orders in the
after
a general court martial, to change,
hereby authorized and directed to
below the number permit the functioning, in accord¬ correct, or modify any discharge
now established or approved, plus
ance
with regulations prescribed or dismissal, and to issue a new
the estimated number required to pursuant to subsection (b) of this discharge in accord with the facts
meet the load of eligibles, under section, of such accredited repre¬ presented to the board. The Arti¬
laws administered by the Veter¬ sentatives in military or naval in¬ cles of War and the Articles for
ans' Administration, or
in any stallations on shore from which the Government of the Navy are
way subordinate or transfer the persons are discharged or released; hereby amended to authorize the
operation of the Veterans' Admin¬ from the active military or naval Secretary of War and the Secre¬
istration to any other agency of service: Provided, That nothing tary of the Navy to establish such
the findings
the Government.
in this section shall operate to boards of review,
thereof to be final subject only to
Nothing in the Selective Train¬ affect measures of military secur¬
review by the Secretary of War
ing and Service Act of 1940. as ity now in effect or which may
or the Secretary of the Navy, re¬
emended, or any other Act, shall hereafter be placed in effect, nor
the spectively: Provided, That no're¬
be construed to prevent the trans¬ to prejudice the right of
quest for review by such board
fer or detail of any commissioned, American Red Cross to recogni¬
of a discharge or dismissal under
tion under existing statutes.
iciliary
or
,
And
tered the service shall be deemed
pre-
sentedj by such officer. Witnesses
■
Federal facility for necessary hospital ans' Administration: And provided
Board of Hospitalization are here¬ care,- nor preclude the discharge further, That this section shall not
by authorized and directed to ex¬ of any person who refuses to sign apply to any war risk, Govern¬
(converted)
or
national
pedite and complete the construc¬ such claim or statement; And ment
tion of additional hospital facili¬ provided further, That refusal or service life-insurance policy.
no
training shall be
of the present
provided further, That
any such person who was not over
25 years of age at the time he en¬
if it be established
Veterans' Affairs and the
termination
war:
or
person,
further, That
or
afforded beyond seven years after
by reason of the sentence findings and decision of such re¬
general court martial of any tiring board. Such review shall be
based upon all available service
person from the military or naval
records relatihg to the officer re¬
forces* or the discharge of any
such person on the ground that questing such review, and such
evidence
war,
Provided
later:
a
other
the termination of the
whichever is the
or
present
without pay, for
physical disability pursuant to the
decision of a retiring board, the
missal
of
shall be
coqrse
initiated not later than two years
after either the date of his dis¬
inactive service,
300. The discharge or dis
Sec.
entitled- to receive education
training. under this < part: Pro¬
or
officer retired or released to
any
III—Reviewing
Authority v,
.'';,'
Chapter
and
Corps
or
injury
disability, shall be eligible for
or
of the Army or
from the Public Health
Service, as the case may be. It
shall be the duty of any such
board to review, at the request of
Medical
released
or
actual service-incurred
an
whom shall be selected from the
authorized
discharged
from, active service. by reason of
-of
two
military
or
naval
installation
shall cooperate fully with such
Public
to
specialized training pro¬
the Navy college train¬
gram,, or
■*) ing program) which course was d
to accomplish the purpose of this
continuation of his civilian course
Sec. 302. (a) The Secretary of
section, and in the preparation of
such regulations the national offi¬ War, the. Secretary of the Navy, arid was pursued to completion, or
and the Secretary of the Treasury as a cadet or midshipman at One
cer of each of such veterans' or¬
whichever be the later.
Provided, That
failure
was
Army;
or
after the, effective date
Health Service: or hospitalization, to be filed wTith to the satisfaction of the Admin¬ versing the decision of the retir¬
the provisions of the Veterans' Administration or istrator that at the time of the ing board shall be transmitted to^
this section as to priorities for has signed a statement that he has commission of the offense such the Secretary of War, the Secre¬
tary of the Navy, or the Secretary
materials shall apply to any State had explained to him the right to
person was insane, he shall not be
of the Treasury, as the case may
institution to be built for the care file such claim: Provided, That
precluded from benefits to which
this section shall not preclude im¬ he is otherwise entitled under the be, and shall be laid by him be^
or hospitalization of veterans.
fore the President for his approval
Sec. 101, The Administrator of mediate transfer to a veterans' laws administered by the Veter¬
States
exclusive of - any period
assigned fpr a course of
or training under4 the
more,'
he
teen years
Navy who are about to be dis¬ ahe was a conscientious objector
charged or released from active who refused to perform military
service.
or
be
shall be permitted to present tes¬
refused to wear the uni
an essential war agency and en¬
Sec. 104. No
person
shall be form or otherwise to comply with timony either in person or by
titled, second only to the War and discharged or released from active lawful orders of competent mili¬ affidavit and the officer request¬
Navy Departments, to priorities duty in the armed forces until his tary authority, or as a aeserter, ing review shall be allowed to
in personnel, equipment, supplies, certificate of discharge or release or of an officer by the acceptance appear before such board of re¬
and
material
under any laws, from active duty and final pay, of his resignation for the good of view in person or by counsel. In
Executive orders, and regulations or a substantial portion thereof, the service, shall bar all rights of carrying out its duties under this
pertaining to priorities, and in are ready for delivery to him or such person, based upon the pe¬ section such board of review shall
appointments of personnel from to his next of kin or legal repre¬ riod of service from which he is have the same powers as exer¬
civil-service registers the Admin¬ sentative; and no person shall be so discharged or dismissed, under cised by, or vested in, the retiring
board whose findings and decision
istrator
of Veterans' Affairs is discharged or released from active
any
laws administered by the
hereby granted the same author¬ service on account of disability Veterans'
Administration:
Pro¬ are being reviewed. The proceed¬
ity and discretion as the War and until and unless he has executed vided, That in the case of any ings and decision of each such
board of review affirming or re¬
Navy Departments and the-United a claim for compensation, pension, such
istration is
■
Procedures
Monxiay, July 10, 1944
FINANCIAL* CHRONICLE
"Part VIM
who served in
naval serv¬
after Sept. 16, 1940, and
"1. Any person
that, according to the regularly
prescribed standards and practices;
of the institution, the conduct or
progress
the active military or
ice
on or
prior to the termination of ^ the
present war, and who shall nave
been discharged or released there¬
of
satisfactory.
;
such
person
is
un¬
.
'>•
"4. From time to time the Ad¬
ministrator shall secure from the
appropriate agency of each State
a
list of the educational and train¬
conditions other than
ing 'institutions (including indus¬
dishonorable, and whose education
from under
or
training was
,
impeded, delayed,
interrupted, or interfered with by
reason of his entrance
into the
service, or who desires a refresher
or
retraining course, and who
i
either shall have served 90 days
trial establishments); within such
jurisdiction, which .are qualified!
and equipped to furnish educa¬
tion/or. training (including ap¬
prenticeship ' and
refresher or
retraining training), which insti-
.Volume 160
tutions, together .with such addi^
tional ones as may be - recognized
officer under authority of
existing the
"9. The Administrator of Vet¬
approved by. the Adminis¬
trator, shall be deemed qualified' erans' Affairs is authorized and
and approved to furnish- education; empowered to admister this title,
or
.training to j such persons as and, insofar as he deems prac¬
shall enroll under this part*. Pro¬ ticable, shall u t i 1 i ze existing
vided, That wherever there are < facilities and services of Federal
;and
apprenticeship j
State.
and St&fe
CHRONICLE
word "time" the words "on or"
of payment required in
mortgage to be given in
part payment of the purchase
price or the construction cost
terms
6, 1941" and substituting therefor
the date "September 16, 1940."
FOR
THE
OR CONSTRUCTION OF HOMES,
vided, That in
event shall such: term 'educational or training in¬
stitutions' shall include all public
no
.
private elementary, secondary,
and other schools furnishing edu¬
cation for adults, business schools
and colleges, scientific and tech¬
nical. institutions, colleges, voca¬
tional
schools,
junior colleges,
teachers colleges, normal schools,
'such institution has > no estab- professional schools, universities,
Wished -tuition /fee, or if its estab-; and other educational institutions,
dished .tuition fee: shall V be,;foUnd .and shall also; include business or
establishments
providing
:fey the Administrator, to: be inader other
.quate compensation to such rnsti-l apprentice or other training on the
/tution. for furnishing such educa- job,; including those
under the
rtion:or-training, he is authorized; ■supervision of an approved col¬
►to provide for)the payment,- with lege or university or any State
respect to any such person, of such j department of education, or any
-fair- and reasonable, compensation; -State apprenticeship agency or
as will
not exceed $500 for an State board of vocational educa-!
-ordinary school year. > r
1 tion, or any State apprenticeship
?
"6. While enrolled in and purr council or the Federal Apprentice
suing a course under this ;part, Training Service established in
with
such person; upon application to accordance
Public, Num-:
-the Administrator, shall be paid a bered 308, Seventy-fifth Congress,:
subsistence allowance of $50 per or any agency in the executive
imonth, if without a dependent or branch of the Federal Government
or
-
,
,
.
,
,
^dependents,
he has
$75
or
per
month, if
dependent or dependents,
including regular holidays and
cleave not exceeding 30 days in a
a
calendar
Such person at¬
tending a course on a part-time
./basis, -and such. person-. receiving
compensation for. productive labor
performed as part of their appren¬
tice or other training on the job
at institutions, business or other
year.;
-
establishments, shall be entitled to
receive such lesser Sums, if any,
subsistence or dependency al¬
lowances, as may be determined
by the Administrator; Provided,
.That any
such person eligible
under this part, and within the
as
•
limitations
thereof,.
such full time
or
courses
as
may
.
pursue
part-time course
he may elect, with¬
or
out subsistence allowance.
under
other
laws
to
supervise such training."
Sec. 401. Section 3, Public Law
,
Numbered
16,
Seventy-eighth
Congress, is hereby
read
amended to
follows:
as
"Sec.
3. The
appropriation for
the Veterans' Administration,
'Salaries
and
medical
hospital, and compensation
and pensions,' shall be available
for necessary expenses under part
VII, as amended, or part VIII of
Veterans Regulation Numbered 1
(a), and there is hereby author¬
ized
to
be
appropriated
such
expenses,
and
:
( b> Any
be
the
eligible
for
istrator and in addition to medical
the
'
,
carrying* out the provisions of-this
4
part, shall exercise., any supervi¬
sion or control, whatsoever, over
any State educational agency, .or
State apprenticeship, agency,- or
"any educational or training insti¬
tution: Provided, That nothing in
"this section shall be deemed to
lows:
'
•
.
4
prevent any department; agency,
or
officer of the United States
ffrom
exercising
Pr control which
any
officer is authorized by
existing provisions of law, to ex¬
ercise over any Federal educa¬
or
VIII of Veterans
(a)
leased
him: Provided, That if
because of fault on his
shall.be deemed
re¬
to
fail,
part to
complete the
training or education
of
afforded
course
training institution, or to
may be required,
in the discretion of the Adminis¬
trator, to return any or all of such
books, supplies, or equipment not
actually expended or to repay the
reasonable value thereof:"
Sec. 403. Paragraph 1, part VII,
prevent the furnishing of educa¬
tion or training under this part in Vejterans Regulation^ Numbered 1
(a). (Public Law Numbered 16,
any institution over which super*vision of control is exercised by Seventy-eighth C o n,g r e s s ), is
such other department, agency, or hereby amended by inserting after
loan
of
to
the
cover
purchase
including the limitation of $2,000
the
on
be
total amount which may
guaranteed, may guarantee the
full
of
amount
the
second loan:
Provided, That such second loan :
shall
not; exceed
20
centum
per
purchase1 priee-or cost and
that the rate of interest thereon
shall not exceed that on the prin¬
cipal loan
centum s
That
by
And
than
more
r
provided
regulations
1
per
further,
to :be-promul¬
ing any land,
buildings, live-!
gated jointly by the • Administra¬
stock, - equipment, machinery, or
practicable, the:
Administrator shall guarantee the
tor and the head of such .agency
implements,, or in repairing, alter- \
may provide for servicing of both
ing, or improving any buildings or
forth in this title.
v
i
loans by such agency and for re¬
equipment, to be used in farming
(b) Interest for the first year operations conducted by the .ap¬ financing of the principal loan to,
include any unpaid-portion of the
on that part of the loan guaran¬
plicant,} may be approved: by the; secondary loan with accrued in¬
teed by the Administrator shall be! Administrator of
Veterans' Af¬
terest, if , any, after f the curtailpaid by the Administrator out of} fairs if he finds— •
;
;
:;};■/ ment thereon
available appropriations.
equals twice the
No se¬
(i) that the proceeds of such amount of the
secondary loan.
curity for the guaranty of a loan
loan will be used in payment
shall be required except the right
(b) Any person who is foun^
for real or personal' property
to be subrogated to the lien rights
by the Administrator of Veterans'
purchased or to be purchased
of thq,. holder of the.. obligation
Affairs to be a veteran eligible
by the veteran, or for repairing,
which is
guaranteed: Provided,
for the benefits of this title, • as
a 11ering,
or improving any
That pursuant to regulations to be
provided in section 500 hereof,
buildings or equipment, to be
issued by the Administrator the
and who is found by the Secretary
used in bona fide farming oper- \
mortgagor and mortgagee shall
of Agriculture, by reason of his
ations conducted by him;
!
agree that before beginning fore¬
(2) that such property will be I ability and experience, including
closure proceedings for default in
useful in and reasonably neces-; training as a vocational trainee,
payment of principal or interest
to be likely to carry out successf¬
sary for efficiently conducting :
due, the Administrator shall have
ully undertakings required of
such operations;
y
!
at Jpast 30 days' notice with the
him under a loan which may be
(3) that the ability and expe-1
Option of bidding in the property
made under the Bankhead-Jones
rience of the veteran;' and -the
on foreclosure
or of refinancing
Farm! Tenant Act, shall be eligible
nature of the proposed farming
the loan with any other agency or
for the benefits of such Act to
operations to be conducted by j
other
available.
payment of the part thereof
as set
.
,
.
•
by any
means
(c) Loans
him,
guaranteed
Administrator
the
by
this
under
such
are
that there
is
a
reasonable likelihood that such
title
will
operations
shall be payable under such terms
and
conditions as may be ap¬
crease pro
and
.
be
or
proper
increase of the amount of the
unpaid portion of the obligation:
furth er,
That
loans
guaranteed by the Administrator
Provided
shall
interest at
bear
rate
a
per centum per
and shall be payable in
than 20 years.
Administrator is authorized
in not
more
directed
to
guarantee
and
loans
to
(a)
:
■
•"
of Business Property
by the
Administrator of
Veterans' Affairs if he finds—
(1) that the proceeds of such
loan will be used for payment
for real or personal property
purchased or to be purchased
by the veteran and used by him
in the bona fide pursuit of such
gainful occupation;
;
.
Any application
(2)}that .such property will
made by a veteran under this title
for the guaranty of a loan to be
used
in
purchasing residential
be
property or in constructing a
dwelling on unimproved property
owned by him to be occupied as
his home may be approved by the
of
Administrator
Veterans'
;
.
Af¬
are
to pursue such Occupation,
such that there is a reason¬
"
successful in, the pursuit of such
occupation; and
*
constructed
(2) that
by
the
(4) that
the
ex-
able likelihood that he will be
loans will be used for payment
for such property to be pur^
^veteran;
(3) that the ability and
perience of the veteran, and the
conditions under which he pro¬
poses
(1) that the proceeds of.such
or
in
for the efficient and
of such occu-
pation;
:
fairs if he finds—
chased
useful
-and
reasonably
successful pursuit
necessary
contemplated
:
as
if he
were
a
*
TITLE IV
/■'
.
Chapter VI—Employment of
'
Veterans
Sec. 600.
(a) In the enactment
of the provisions of this title Cqndeclares as its intent and
that there shall .be an ef¬
fective job counseling and em¬
ployment placement service for
gress
purpose
loan to be used in purchasing
proved
*
501.
appraisal.
Sec. 503. Any application made
under this title for the guaranty
Construction of
Homes
Sec.
normal
determined by
any business, land, buildings, sup¬
plies, equipment, machinery^ or
tools, to be used by the applicant
in pursuing a gainful occupation
(other than farming), may be ap¬
subject to the provisions
of this title on approved applica¬
tions made to persons, firms, asso¬
ciations, and corporations and to
governmental agencies and cor¬
porations, either State or Federal.
or
as
an¬
veterans
Purchase
reasonable
of
full
The
extent
same
successful;
not
exceeding 4
num
the
Purchase
a
the
farm tenant.
Wv.
value thereof
rata with any decrease
Regulation Num¬
bered 1
supervision thereunder, he
such department,
^agency, or
tional
"Sec. 4. Any books, supplies, or
equipment furnished a trainee or
student under part VII or part
he
Equipment •!
Sec. 502. Any application made
under this title for the guaranty
of a loan to be used in purchas¬
exceed
include,- subject to
regulations issued by the Admin¬
may
second
a
remainder
of the
guaranty, within the limitations
of this title, shall decrease or in¬
benefit of ized, such care, treatment, and
part VII, may elect which benefit supplies as may be necessary to
he desires: Provided, That, in the accomplish the purposes of part
event of such election, subsistence VII, as amended, or part VIII of
Veterans Regulation Numbered 1
allowance hereunder shall not ex¬
ceed J the ; amoiint of "additional
7.,v
Sec. 402, Public Law Numbered
pension p aya.b 1 e ior 'training
16,: Seventy-eighth: Congress, is
under said part VII.
hereby amended by adding there¬
*;
"8. No department,. agency, or
to a new section 4 to read as fol¬
officer of the UnitedStates, in
also
y.';V •" '"V-4,.
the
,
price or cost, or a part thereof,
! the
Administrator, subject other¬
wise to the provisions of this title,
purposes.
Purchase of Farms and Farm
veteran is eligible for the benefits
of this title and that the. loan ap-j
appears,
or
(c) No first mortgage shall be
ineligible for insurance under the
National Housing Act, as amended,;
by reason of any loan guaranteed
under this title, or by reason of
any secondary lien upon the prop¬
erty involved securing such loan.
amounts as
person
the • benefits of
purpose
to accomplish
thereof.
Such ex¬
or
necessary
purposes
penses
he finds that the proceeds of'
the
such loan will be used for such:
That the aggregate amount guar¬
anteed shall not exceed $2,000.
If
plied for
.
if
of the purposes specified in sec¬
tions 501, 502 and 503; Provided,
theJ Administrator finds that
shall designate such agency or
agencies, if any, as he finds
equipped to detennine whether
the guaranty of loan should be
approved, under this title. In any
case wherein a principaMoan, for
any of the purposes stated in sec¬
tion 501, 502, or 503, is approved
by a Federal agency to be made
or
guaranteed or insured by it
pursuant to applicable law and
regulations, and the veteran is in
application for the I
loan under this sec-}
of making:
repairs,. alternations, or improve¬
ments in, or paying delinquent!
indebtedness, taxes, or special;
assessments on, residential prop-!
erty owned by the veteran and'
used by him as his home, may
be;
approved by tihe Administrator,
need of
a
for the purpose
tion
loans for any
or
:
proved by the Administrator: Pro¬
vided, That the liability under the
additional amount
may
loan
(
.
guaranty of
the guaranty by the Admin¬
istrator of not to exceed 50 per
a
,
reasonable;
mined by proper-appraisal.
for
centum of
.
normal value; thereof as; deter-
Ad¬
Veterans'. Affairs
of
..
deemed necessary
are
appropriate for carrying out
the provisions of this title, and
may delegate to a subordinate
employee, {authority to approve
loans subject to the, provisions of
(4) that the purchase price
paid or to be paid by the vet¬
eran for such property does not
eligible for care, treatment, hospitalization,
this. part, whoL is .and prosthesis, otherwise author¬
Any such
"7.
authorized
ministrator
.
as
and!
eran for such property or the
this title and: the rules promul¬
construction cost, Including the!
gated thereunder. <•
value of the unimproved lot,!
Sec. 505. (a) The Administrator,
does not exceed the
:
.
mination of the war, to the
.
.^payments, with respect to "any:
/person, exceed $500 for an ordi•nary school year: Provided fur'ther, That; no payments:shall be
imade to institutions, business or;
mother v establishments"furnishing
apprentice training on 'the " job:
'.And provided further., That if any;
lations
,
.
,
-
promulgate such rules and regu¬
property is such as to be
suitable fort dwelling purposes;
and
t..
:•
<■.'
(3) that the purchase, price
paid or to be paid by the vet-!
.
:
appraisal.
Sec. 504. The Administrator oi
Veterans' Affairs is authorized to
the
,
1
a
that the nature and condition of
FARMS, AND BUSINESS
departments and agen¬
,
by
proper
proper relation to the
present and antici¬
pated income and-expenses; and
PURCHASE
for such property does not
the reasonable normal
value thereof as determined
veteran's
PROPERTY
expressly charged by: cies on the basis of mutual agree¬
-State, laws:to administer appren-; ments with therm Consistent with
Chapter V—General Provisions
-tice .training, whenever- possible,; and subject to the provisions and
'.V7•
for Loans •; 'V.
.the ; Administrator : shall .utilize; •limitations set forth in this title,
Sec. 500. (a) Any person who
such; existing: facilities and: fcerv-; jhe Administrator shall, from time
shall have served in the .active
aces in lraining onthejobvwhen; to. time, prescribe and promulgate
military or naval service of the
•such : training is pf .one year's such rules and regulations as may
United States at any time on or
be necessary to carry out its pur-;
^druration or jmore. • f >/'!•
after Sept. 16, 1940, and prior to
i
:" '5,- The:Administrator shall pay! poses and provisions,: ;
.
■?! '
\
the termination of the present war
Ito: thevedttcational or draining in-; : "IQ* /The Administrator may ar-:
and /who
shall have been • dis¬
£titution,tfor eachiperson enrolled t range for -educational and yoca-;
charged or released thereirom
dri ;full i time: or ;partidime tcoursei tional guidance to persons:eligible
under conditions other than dis-,
-of - education
Pr:;teaining,^theHbiis- j for education; and training under honorable after active service} of
itomary cost ^of'>Jtiitioh;:c;and:^udh this part;; At such intervals as he j
90 days or more, or by reason of ;
.laboratory,-library,:, health, infir-: deems necessary, he shall make: an
injury or disability incurred in
unary;. and othen; similar ^fees i as I available information respecting
rare customarily charged, ahdmay} the
need for general ■ education service; in line of duty, shall be
eligible for the benefits of this
hpay - for,-; books, {/supplies; .equip-! and for trained personnal in the
title.
Any such veteran, may
;ment, and; other necessary ^ex-j Various Crafts, trades, and profes¬
apply within two years after sepa¬
-penses,exclusive :of rboafd, lodg-l sions: Provided, That facilities of
ration tiom the military or naval
dng, other v living 'i expenses, i and [ other Federal agencies collecting
forces, or two years after termi¬
^travel, as are generally .required- such information shall be utilized
nation of the war, whichever is
for the successful : pursuit and; to the extent he deems practic¬
the later date, but in no event
completion of the course by other; able.
more than five years after the ter¬
"11. As used in this part, the
•students in the 'institution: pro¬
•agencies
eran
exceed
bear
TITLE III
LOANS
159
any
and deleting the date "Decanber
provisions of law.
•
established
FINANCIAll
THE COMMERCIAL &
Number 4297
the purchase
price
paid or to be paid by the vet-'
veterans, and that, to this end,
policies shall be promulgated and
administered, so as to provide for
them the maximum of job oppor¬
tunity in the field of gainful em¬
ployment. For the purpose there
is hereby
created to cooperate
with and assist the United States
Employment Service, as estab¬
lished by the provisions of the
Act of June 6, 1933, a Veterans'
Placement Service Board, which
,
shall consist of the Administrator
of Veterans'
Affairs,
as
Chairman,
the Director of
the National Se¬
lective
System,
Service
and the
Administrator of the Federal Se¬
curity Agency, or whoever mly
have the responsibility of admin¬
istering
the
functions
of
the
United States Employment Serv¬
ice. The Board shall determine all
matters of
policy relating to the
administration
of
the
Veterans'
Employment Service of th!e.United
States
Employment Service.
(b> The Chairman of the Boa^d
shall. have direct * authority and
responsibility, for carrying out its
policies through the veterans' erqp%htent representatives, in, the
'
^
(Contiued
on page
160)
THE COMMERCIAL & FINANCIAL CHRONICLE
160
accordance with its
Text Of "Gl Bill Of
Rights"
(4)
through persons
its
Seventy-sixth
sums
783,
Law
(Public
308)). The Chairman may dele¬
gate such authority to an execu¬
tive secretary who shall be ap¬
and
Employment Service of
Employment
States
United
the
Service.
The public records of the
Veterans' Personnel Division, Na¬
(c)
Selective Service System,
the Veterans'
Employment
tional
and
Service of the United
be avail¬
States
Employment Service shall assign
to each of the States a veterans'
The
601.
Sec.
employment
shall be
,
United
representative,
who
veteran of the wars
a
of
separated from
under honorable
the United States
service
active
conditions, who at the time
of ap¬
pointment shall have been a bona
resident of the State for at
fide
least two years,
and who shall be
appointed, subject to the approval
of the Board, in accordance with
the civil-service laws, and whose
shall
compensation
accordance with the
be
fixed in
Classification
communications.
shall
estimated
included
be
as
pursuant
the
in
contained
as
of the
United States Employment Serv¬
they
budget
Sec.
The
606.
States
Employment
used in this title
the
Act of
used in this title shall
mean a
son
who served in the active
ice
as
per¬
of the armed forces
serv¬
during a
in which the United
States has been, or is, engaged,
and who has been discharged or
period of
war
public employ¬
ment service in the State to which
he has been assigned.
He shall
be administratively responsible to
released
therefrom
staff
the
of
the
executive
secretary, for the execution of the
the
Board, through its
placement pol¬
through the public employ¬
service in the State. In co¬
Board's veterans'
icies
ment
| v 77 '
Readjustment Al¬
—
lowances for Former Members of
The Armed
Forces Who
Are
Sec.
700
(a)
have
military
Sept.
naval
or
at
1940,
termination
and
who
of
shall
charged
or
service
;
active
service
any
have
under
than
the
of the
time after
and prior to the
the present war,
States
16,
in
dis¬
been
released from
active
conditions
other
dishonorable,
after active
service of ninety days or more, or
by reason of an injury or disabil¬
ity incurred in service in line of
duty, shall be entitled, in accord¬
ance with the
provisions of this
title and
regulations issued by the
Administrator of Veterans' Affairs
business;
promote the interest of
in employing vet¬
employers
pursuant thereto, to receive a re¬
adjustment allowance as provided
erans;
herein
maintain regular contact
with employers and veterans'
organizations with a view of
keeping employers advised of
ployment, not to exceed a total
of 52 weeks, which (1)
begins
after the first Sunday of the third
(d)
veterans
ment
available for employ¬
and
veterans
opportunities
for
advised
of
for
each
enactment
hereof, and (2)
not
than
later
or
nation
(e) assist in every possible
way in improving working con¬
ditions and the advancement of
the later date:
Sec.
602. Where deemed neces-
by the Board, there shall be
assigned by the administrative
head of the employment service
in the State one or more employ¬
preferably veterans, of the
staffs of local employment service
offices, whose services shall be
primarily devoted to discharging
the duties prescribed for the vetterans'
employment representa¬
ees,
tive.
Sec.
603. All
Federal
agencies
shall furnish the Board such rec¬
ords, statistics, or information as
may be deemed necessary or ap¬
propriate in administering the
provisions of this title, and shall
otherwise
cooperate
with
the
Board
in
providing
continuous
such
the
of
Provided, That
no
no readjustment al¬
lowance shall be payable for any
week commencing more than five
years
after the termination of hos¬
tilities in the present war.
(b) Such person shall be deemed
eligible to receive an allowance
for any week of unemployment if
claim is made for such allowance
and the Administrator finds with
respect to such week that—
(1) the
the
of such
(2)
is residing in
person
United
States
at
the
time
the
is completely
unemployed, having performed
no
person
service
or
in
and
received
no
is
partially unem¬
that services have
been performed for less than
a
administering the United States
Employment Service shall main¬
tain that service as an operating
entity and, during the period of
its administration, shall effectuate
full work-week
the
with and continues to report to
provisions of this title.
(a) The Board through
Sec. 605
for the week
and
are
less than the
allowance under this
$3;
(3)
a
the wages
title plus
person
is
registered
public employment office, in
through
the
public em¬
ployment offices and State unem¬
ployment-compensation
agencies.
through agreer
Such
shall
processing, adjustment, and deter-:
be
computed
to.
the
next
of
number
agencies,
ment, shall also be utilized in the
mination
highest multiple of $1.
(b) The
determined
of
we§ks
follows:
as
active
service
stated
in
the
period
the
veteran
during
four weeks of allowances,
he has
been referred
to
accept suitable work when
offered him; or
or
he, without
(3)
attend
not
does
free
good
cause,
available
an
training course
required
as
by regulations issued pursuant
to the provision^ of this title.
(b) Notwithstanding the provi¬
of section 700, a claimant
shall also be disqualified from re¬
ceiving
an
allowance for any
week with respect to which it is
sions
that
found
due to
his
unemployment
is
stoppage of work which
a
of
a labor dispute
establishment, or
other premises at which he is or
was last employed: Provided, That
this subsection shall not apply if
exists because
the
at
factory,
(1) he is not participating in
or- directly
interested in the
labor dispute which causes the
stoppage of work; and
he does not belong to
a
grade or class of workers of
which, immediately before the
commencement of the stoppage
no
each
For
major fraction
or
of
thereof
v
:
Administrator
established
of
such
shall
section 700
entitled
be
to
but in
event to exceed the maximum
claims
and
the
payment of such allowances.
To
calendar month
ments
the
carrying
with
State
duties
of
of
this title,
the
trator, who shall be
separated/
Adminis¬
the
under
representative
under
departr
agencies and to assist in
or
discharge
trator's
of
out
from
a war
active
veteran
service1'
conditions
honorable
a
Adminis-.v
and
provided in section 700: Provided,
That the allowance for the quali¬
who
fying 90 days' service shall be
eight weeks for each such month.
Sec. 901. (a) Readjustment al¬
lowances
shall be paid
at the
intervals prescribed by the un¬
dent of the State for at least two
employment compensation law of
the State in which the claim was
Provided, That if none are
made:
prescribed readjustment allow¬
ances shall be paid at such reason¬
so
intervals
able
as
may
be
deter¬
mined by the Administrator.
:(b) Any allowances
remaining
unpaid upon the death of a claim¬
ant shall not be considered a part
of the assets of the estate of the
the pay¬
subject to
any administration of his estate,
and the Administrator may make
claimant,
or
his
of
ment
liable for
debts, or
thereof to such person
persons he finds most equitably
payment
or
entitled thereto.
:
Any person quali¬
fied under subsection (a) of sec¬
tion
700,
United
residing
and
who
States
is
shall have been
of
appointment
bona fide, resi¬
a
shall be located in each
participating State department or
years,
V.
agency.
•,?»■•••
(b)- The Administrator, consis¬
tent with the provisions of this
title, shall prescribe such rules
and regulations and require such
and
records
find
reports
he
as
may
out its
Provided, howeverThat
cooperative rules and regulations
relating to the performance by
Federal or State departments, or
agencies, 7 of functions
under
agreements made therewith may
be
made by the Administrator
to
necessary
carry
purposes:
after consultation and advisement
with
representatives of such de1-
agencies.
7:
/ ;7
Administrator
may
to any officer or em¬
partments
(c) The
delegate
or
ployee of his
•
902 (a)
Sec.
time
the
at
the
in
self-em¬
own or of any co¬
operating department or agency
of any State such of his powers
and
duties, except that of pre¬
scribing rules and regulations, as
the Administrator may consider
ployed for profit in an indepen¬
dent establishment, trade, busi¬ necessary and proper to carry out
which the
the purposes of this title.
;
7
stoppage occurs, any of whom ness, profession, or other, vocation
shall be eligible for readjustment
(d) Allowances paid by the co¬
are participating in or directly
operating State agencies shall be
interested in the dispute: Pro¬ allowances under this title within
the time. periods applicable, and repaid upon - certification by the
vided, however, That if in any
The Secretary of
not in excess of the total amount Administrator.
case separate branches of work,
the Treasury, through the Divie
which are commonly conducted provided in this title.
of
Disbursement'
of
the
(b) Upon application by the sion
as separate business in separate
veteran
showing, in accordance Treasury, and without-the neces¬
premises, are conducted in sep¬
arate departments of the same with rules prescribed by the Ad¬ sity of audit and settlement by the
General Accounting Office, shall
premises, each such department ministrator, that he has been fully
pay monthly to the departments,
shall, for the purposes of this engaged in such self-employment
and that his net earnings in ia agencies,
or
individuals desig¬
subsection, be deemed to be a
nated, the amounts so certified.
separate factory,, establishment, trade, business, profession, or vo¬
cation, have been less than $100
(e) The Administrator
shall
or other premises.
in the previous calendar month, from time to time certify to the
(c) (1) If a claimant is dis¬
the veteran shall be entitled to re¬ Secretary of the Treasury for pay¬
qualified under the provisions of
ceive, subject to the limitations of ment in advance or otherwise such
subsection (a) of this section, he
this title as to time and amount, sums as he estimates to be neces¬
shall be disqualified to receive
the difference
(adjusted to the sary to compensate any Federal
any
readjustment allowance for next
highest multiple of $1), be¬ department or agency for its ad¬
the week in which the cause of
tween $100 and his net earnings ministrative expenses under this"
there
his
were
the
at
members employed
premises
at
disqualification occurred and
for
not
more
than
four
diately following weeks,
imme¬
v
(2) In addition to the disquali¬
fication prescribed in paragraph
(1) above, the Administrator may,
in cases of successive disqualifi¬
cations under the provisions of
subsection (a) of this section, ex¬
tend the period of disqualification
for such additional period as the
Administrator may prescribe, but
not
to
exceed
eight additional
weeks in the case of any one dis¬
qualification.
(d) (1) In determining under
subsection (a) of this section the
suitability of work or the exis¬
tence of good cause with respect
to a claimant, the conditions and
standards prescribed by the un¬
employment compensations' laws
of the State in which he files his
shall
Provided,
govern:
That the Administrator may pre¬
scribe
and' standards
conditions
for applicants in any
State having
no applicable statute.
(
(2) In determining under sub¬
section (a) of this section the suit¬
.
ability of work,
deemed
suitable
no
work shall be
for
an
individ¬
ual if—
(A) the
the
with
ances
agreements
claim
claim;
ployed
agency
after
the termi¬
whichever is
or
further, That
wages,
Federal
war,
occurs
years
paid for
any period for which he receives
increased pension under part VII
of Veterans Regulation 1 (a) or a
subsistence allowance under part
VIII of such regulation: Provided
erans.
604. The
unem¬
allowance shall be
employment opportunities for vet¬
Sec.
two
release
and
sary
of
calendar month after the date of
employment; discharge
employment of veterans.
week
of
excess
ments shall provide for the filing
of claims for readjustment allow-
veteran shall be entitled shall be
(2)
Any person who
served
is in
with
facilitatethe
Unemployed
United
(c)
VII
payable to him for
or
on
$3: Provided, That where the al¬
lowance is not a multiple of $1, it
allowance if—
it is shown that—
TITLE V
Chapter
he shall—
registration of veterans in local
employment offices for suitable
types of employment and for
placement of veterans in em¬
ployment;
(b)
assist in securing and
maintaining current information
as to the various types of avail¬
able
employment
in
public
works and private industry or
an
''
shall
(a) be functionally responsi¬
ble for the supervision of the
condi¬
tions other than dishonorable.
operation with the public employ¬
ment service staff in the State,
•
under
a
by a public employment office,
as
|"veteran"
(a) The allowance for
the wages
to which
June
Sec. 607. The term
Sec. 900.
week.shall be $20 less that part
a
he, without good cause,
fails to apply for suitable work
that Bu¬
6, 1933, or such
successor
agencies as from time
to time shall perform its functions
and duties, as now performed by
the War Manpower Commission.
700,
(2)
created by the provisions of
reau
section
employment;
make
Service"
ments
Chapter IX—Amount of Allow¬
ance and Payment
possible, util¬
as
the basis of mutual
such
depart¬
agencies.
Such agreer'
agencies
agreement
allowances to which each eligible
"United
means
of
or
insofar
for misconduct in the course of
year.
term
ize existing facilities and services
of Federal and State departments
substantially less fa¬
(1) he leaves suitable work
voluntarily, without good cause,
<# is suspended or discharged
available sufficient funds to carry,
out
the provisions of this title
during the current fiscal
Notwithstanding
(a)
provisions
receiving
mission shall from its current ap¬
1923, as amended.
Each
such veterans' employment rep¬
resentative. shall be attached to
of
Act
the
The War Manpower Com¬
and
'
authorized to administer this title
and shall,
of
claimant shall be disqualified from
other than that for, which
appropriated, except
allocate
800
Sec.
were
propriation
com¬
Chapter VIII—Disgualifications
with the approval of the Board.
(b)
the
or
vailing for similar work in the
"locality.
disability
or
after
such period.
hours,
wages,
such week which
ice shall not be available for any
purpose
illness
an
occurs
mencement of
a
item
this special
to
to
due
which
thus
Sums
special item in the annual budget
of the United States Employment
Service. Any funds appropriated
States Em¬
ployment Service shall
able to the Board.
subparagraph if such failure is
for
necessary
claimant
ineligible
ply with the provisions of this
salaries,
rents, printing and binding, travel,
amounts
Veterans'
such estimated
include. the
annual
shall
be
the
are
vorable to him than those pre¬
period of continuous un¬
employment for failure to com¬
of this title;
tion
(B)
other conditions of the work of¬
fered
in any
efficient administra¬
and
proper
Congress, approved Sept. 16, 1940,
as amended (U. S. C., title 50, sec.
pointed by him and who shall
thereupon be the Chief of the
shall
the funds necessary for
mate
regulations;
is able to work
That
no
considered
Provided,
shall esti¬
the1
executive secretary
in activities autnorized
by subsection (g) of section 8 of
the Selective Service Act of 1940
engaged
person
and available for suitable work:
(Continued from page 159)
several States or
the
Monday, July 10, 1944
offered- is
vacant due directly to a strike,
lock-out or other labor dispute;
or
position
for such month.
payments
made^ directly to
are
the. Administrator.
(d) Subsection - (b) of section
700 and section 800 shall not apply
in determining the eligibility for
allowances of a claimant under
veterans by
this section.
.
.
-*
7
Chapter X—Adjustment
Duplicate Benefits
Sec.
is
1000. Where an allowance
payable to a claimant under this
for the same pe¬
title and where,
State'unemployment or disa¬
such
other
source
the
from
shall be sub¬
from the allowance pay¬
able under this title; (except that
tracted
this
section
shall
hot
apply to
retired
Veterans' Admin¬
pension, compensation, or
pay
paid by the
al¬
$1,
shall be' readjusted to the next
higher multiple of $1.'
istration);
lowances,
and the resulting
if not a multiple of
XI—Administration
1100. (a) The Adminis¬
of
Veterans' Affairs is
Chapter
Sec.
trator
sums
'
-
(f) The
shall
than
•;'"-v.;..""-'
Social
Security
six
77
Administrator
also from time to time
the
pef
cover
longer
no
months.,-..
-.-7
;
shall
certify to
State departments or
Board such
agencies as
be participating
in the ad-
may
ministration of this title, and the
amount of the administrative ex¬
incurred or to be incurred,
State under agreements
pursuant to 'this section.;
pense,
by
of
bility
compensation law,
amounUreceived or accrued
of
riods
a
made
riod, either an allowance or bene¬
fit is received under any Federal
or
Such
title.
-
(c) Payment of such allowance
shall be made by the Adminis¬
trator to each eligible veteran at
the time and in the manner other
Upon such certification the Social',
Security Board shall certify such
amount to the Secretary of thh
Treasury,
in
addition
to
thd
amount, if any, payable by said.
Board
under
the
provisions of;
section 302 (a) of the Social Se^,
amended^ and the!
curity Act,
as
additional
amount
so
certified,
shall be paid to each State by
the7
Secretary of the Treasury out of ,
the
appropriation for the Veter¬
7.
ans' Administration.
(g) Any money paid, to any co->,
operating agency or person, which
is
not
used
which it
was
mination
of
for
the
purpose
fo£
paid shall, upon ter¬
the period covered
by such payment or the agreement
with
such
returned
agency or person, be
to
the
Treasury and
credited to the current appropria-r
tion for carrying out the purpose
yolume 160
of this
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4297
title, or, if returned after
the
expiration of period covered
by this title, shall be covered into
the Treasury as
•
.
Reserve District In
Sec. 1101.
certifying officer shall, in the ab¬
sence of
gross negligence, or in¬
tent to defraud the United States,
be liable with respect
of
ment
to the pay¬
allowance certified
any
May 6% Above Year Ago
by him under this title.
(b) No disbursing officer shall,
in the absence of gross negligence,
or
intent to defraud the United
bined
increased 6%
Reserve District
for January to
sales
the
at
stores
a
May, 1944, were
of May,
end
over
8% from the same
up
Stocks of merchandise
period the previous year.
ment
(New York)
year'ago. The com¬
in the Second
sales of department stores
May
Federal
1944,
13%
were
hand in depart¬
on
June
on
The Federal Reserve Bank of New York announced on June 20
that
May Business Indexes
The Board of Governors of the Federal Reserve
System issuetj
..
.
(a) No person desig¬
nated by the Administrator as a
Federal Reserve
Department Siore Sales In New York Federal
miscellaneous re¬
ceipts.
161
23
its
monthly indexes
employment and payrolls, etc.
available its
for
customary
of industrial
At the
of business conditions.
summary
May, together with comparisons for
follow:
:
above the amount
production, factory
time, the Board made
same
-
BUSINESS
month
a
The indexes
and
a
year
ago,
.
INDEXES
,,
liable with respect to
payment by him under this
be
Stat.es,
any
if
title
it
based
was
a
upon
in
May, last year.
The
designated
the
by
istrator.-.
*•
the close of the month were 18%
1102.
Sec.
claim
for
allowance
has
higher than the
STORE
DEPARTMENT
TRADE
Second
BY
Federal
MAJOR
Reserve
LOCALITIES
"
■
1
i
'
•
:
'
Net sales—
May
"Second District
4-8
+ 13
+ 23
+ u
+ 14
the
final
shall be
appellate
authority in
regard to contested claims aris¬
ing in such State, subject to re¬
view by the Administrator, /V7777
1103.
Sec.
veteran
the
of
case
this
.
title
either
who
—i———;
time
at
section
3
+
4
5
+
.
5
Schenectady_____—
6
+
+
:
Mohawk River Valley—
-«_A.
"
.,
7
Syracuse—
4-
"Northern New York State
+
+
+
15
.
8
+'
:•
Insurance
Act,
as
amended, or was last employed
prior to such application by an
employer as defined in section 1
(a) of the said Act, claim may be
made through an office operated
by
a facility designated
employment office by
or
free
as
Retirement
+ 22
Rochester
Apparel stores ((chiefly New York City)
:■:»
* Preliminary.
;
26
such
18
+
8
Reserve
(1935-39
AND
(average
*
daily), unadjusted—..daily), seasonally adjusted—
9
the conditions and
ministrative
appellate ^pro¬
prescribed by or under
cedures
said
and
shall
Act
govern, if not in
conflict with the provisions of this
(1923-25
+ 11
+
title, the appellate procedures be¬
ing subject to final appeal to the
Administrator.
In
such
reference in this title to
ating
State
deemed
cases,
a
1177::;
>
+18
:;v:.
to
include
;
•
Chapter XII—Decisions and
;y
not
more
than
one
April
(a)
The
"week"
term
means
or periods of seven
consecutive calendar days as may
v
period
prescribed
in
regulations
by
Administrator.
the
Sec. 1200. The authority to issue
(b) The term "wages"' means
and provisions for in¬ t all remuneration for services from
voking aid of the: courts of the whatever sources, including com¬
;»•:
•
subpenas
United States in case of disobedi¬
thereto, to make investiga¬
tions, and to administer oaths, as
ence
in
contained
June
34 U. S.
29,
title
1936
III
of
(49
C., title 38,
the
Stat.
value of all remuneration
Chapter
1300.
knowingly
which
to
be
XIII—Penalties
Any
claimant
accepts
he
who
allowance
an
is not
entitled
ineligible to receive
shall
fur¬
any
ther allowance under this title.
Sec.
1301.
(a) Whoever, for the
of causing an, increase in
allowance authorized under
purpose
any
this
title, or for the purpose of
causing any allowance to be paid
where
this
is
none
authorized
title, shall make
or
under
cause
to
be
121
112
false statement of
in
any
claim
under this
or,
causes
for
title,
to
a
any
material fact
allowance
any
or whoever makes
be
made
120
111
provisions
under
Public,
misdemeanor and upon con¬
viction thereof shall be fined not
than
more
for
not
$1,000
more
than
both.-
or
imprisoned
one
•
year
'•
,
(b) Whoever shall obtain
or re¬
ceive any money,
ance
or
check, or allow¬
under this title;-without be-
durable
month,
of
F.
in
total
137
v 172
155
"
149
134
'
173
158
t
143
131
t
manufactures,
contract
W.
Dodge
index,
shown
.469,
and
indexes based
data
for
nondurable
in
Federal
:
indexes
based
manufactures,
Reserve
minerals by
.152.
mineral*
multiply
y
-
States.
To
daily
on
and
Book,
Chart
;
-
3-month moving averages, centered at
on
Eastern
37
by
$184,137,000; and all other by
index,
without
convert
indexes
second
to
valu*
$226,132,000.
seasonal
adjustment,
and
payrolls
index
compile^
PRODUCTION
Adjusted for
77:;
May
May
Apr.
213
208
"210
213
f
206
196
234
236
233
188
Pig iron
Veterans'
Affairs;
States"
of
the term
geograph¬
used
_7
several States,
possessions, and
Columbia; the term
"State" means the several States,
Territories and possessions,
and
the District of
Columbia; and the
phrases "termination of hostilities
and
in the present
war," ''termination
of the present war," and "termi¬
nation of the war," mean termina¬
tion
of
the 'war
declared
as
Smelting and refining.—
184
188
192
184
549
584
559
549
584
445
443
"440
445
728
729
"722
230
211
"223
230
292
264
t
292
from
active-service
other
to
veteranS'
.
this
Act
benefits
or
729
"276
/*
211
264
289
270
V
clay'and glass products.,
126
133
"123
125
136
lis
126
"114
116
■7. ,130
"139
—
Plate glass
142
147
"139
142
147
"163
164
66
59
43
f
74
137
122
136
"163
v
"
..V.
59
43
130
125
136
"121
66
f
i.
203
"179
181
301
320
"295
301
151
159
"147
151
320
:-
159
151
•169
142
151
196
185
196
196
185
f
153
158
t
153
158
t
116
118
t
116
118
t
117
122
t
116
122
$
125
132
*
125
132
t
——_
89
92
85
88
t
t
79
87
168
164
,
.
Cattle hide leathers
leathers
.
Goat and kid
leathers—.
Sheep and lamb leathers...
Shoes
t 7
t
■.:
169
0
Z
81
165
116
115
116
115
157
,143
"146
142
114
97
"111
110
93
198
162
"182
183
162
147
"139
139
133
+
"181
:
■
-7
137
Other manufactured foods—_
"154
157
Processed fruits & vegetables.
"150
t
150
126
123
t
89
104
t
t
—t
161
73
138
142
•..: t
138
159
152
150
159
152
+
73
89
+
75
90
"100
81
+
+
"130
101
84
231
240
112
"102
104
114
102
84
89
106
129
Tobacco products
Public
'
177
.V
"116
7
-
'85
'
(
•.
t
"153
-/
Manufactured food products—
Wheat flour
*
Meatpacking
205
:
142
Wool textiles,
Leather products——
Calf and kip
180
196
Z—
Rayon deliveries.——
Tanning
182
"295
—
!
:7y
"147
Abrasive & asbestos products.
Cotton consumption
'
"121
...
Gypsum and plaster products.
Textiles and products
175
165
' 78
"176
•—
Clay products
,
270
289
443
,728
"121
Cement—
dishonor¬
prerequisite to en¬
a
by
than
under
"276
:
"ill
;
Furniture
Presidential proclamation or con¬
current resolution of the Congress.
Sec. 1503. A discharge or re¬
233
192
t :+/7
Lumber
by
196
7y,
"722
:
1
208
236
559
Lumber and products
Stone,
May
206
234
7
t
"440
,
Automobiles—v—
the
means
" 7v:
:
"223
Electric
the District of
1943
Apr.
Nonferrous metals and products
Administrator
——1944
May
tor"
the
.Seasonal Adjustment
1943
"210
Machinery
Transportation equipment.—
means
Without
—Seasonal Variation—
Iron and steel
Num¬
Law
Numbered
Congress,
Sec.
as
2, Seventy-third
amended.
1504.
The
Cigars
<,
r
lic, Numbered 2, as amended, and
Act, the Administrator shall
necessary
cluding personal
may deem practicable;
Sec.
the
1501.
Except
as
;
otherwise
the appropriations
Veterans'
Administration
for
are
expen¬
ditures necessary to carry out the
provisions of this Act and there
is hereby authorized to be appro¬
priated such additional amounts
as
may
even
there
fits received by, or paid
for, any
veteran under this Act shall be
or
services, in¬
services, as he
for
the
and to enter
agreements with
public agencies, or per¬
services,
into contracts
sons,
In
shall hereafter be authorized any
allowance in the nature of ad¬
authority to accept
or
1505.
uncom¬
this
have
Sec.
be
necessary
to
accom¬
plish the purposes of this Act.
Sec. 1502. Wherever used in this
Act, unless the context otherwise
justed
compensation,
charged
against
;
any
bene¬
deducted
and
from such adjusted
compensation;
and in the event a veteran has
obtained
a
loan
under
the
Act, the agency disbursing
such adjusted compensation shall
the unpaid balance and
accrued interest due
to
the
such
holder
of
on
the
indebtedness
to
—
Other tobacco products—,
Paperboard
Newsprint production
Printing and publishing
I
Newsprint consumption...
Petroleum and coal products
Petroleum refining.—...
Gasoline
.... _
t
130
'•.!
"97
'77/
92
84
7',
t
120
t
89
104
144
t
150
144
85
t
73
86
•
■
v
Coke...
the
extent
"130
123
:
161
137
120
116
-125
122
176
166
pensation which may be payable
will, permit.
7
7.
,
Approved June 22,
wcwa
1944.;^.^.
„
137
125
121
'127
124
'
t
104
v
'
176
t
:
167
157
481
"466
464
389
"323
214
"233
"410
408
356
"410
"231
166
'/
327
"233
325
232
.
Rayon
-
Industrial chemicals
129
155
143
?133
"141
129
139
124:7
124
129
"231
,
...
Bituminous coal
Anthradte^
—_
petroleum.^—'
■
Metals..
Iron ore...
^v—z>..
"Preliminary
estimated.
or
i
y
125
"145
;•
214
7 / 356
224
..
■>
•7
143
v
124
125
113
188
298
141
>
148
"338
$133
,
FREIGHT CARLOADINGS/
=
100)
141
$ 133
147
190
181
188
123
140
113
120
1113
141
138
195
163
146
$144
.67
62
67
'
7
"153
..
144.
Merchandise, l.c.l.—
129
-
139
140
Miscellaneous.——
155
129
'■
118
—■
143
•
•
"141
,
128
—.
'
"133
147
———
Livestock.—
$ Revised.
232
408
236
•
"159
*
190
Forest products
389
•
tData not yet available.
(1935-39 average
Coal..—
157
481
.
:
Fuels.——
Crude
143
"159
"127
Minerals—
236
a 145
Rubber—..——-
167
t.v
■
224
195
that the amount of adjusted com¬
,
161
,
t
464
■„
——
174
.
129
"324
7
7 150
173
240
•
t
;•
'.7:7
142
.
231
v.
"466
Beehive..———
Grain..
of
-"■/:7 t
Byproduct—t
*
Chemicals—
such loan
evidence
t
174
t
Kerosene.——
..
173
+
Lubricating oil
.
104
t
Fuel oil
terms
of this
first pay
Cigarettes.J
Paper and products
Administrator
shall transmit to the Congress an¬
2, Seventy-third Congress, nually a report of operations un¬
der this Act. If the Senate or the
as amended, and the provisions of
Public, Numbered 262, Seventy- House of Representatives is not in
such
fourth Congress, as amended (38 session,
reports
shall
be
U. S. C. 450, 451, 454a and 556a), transmitted to the Secretary of the
Senate or the Clerk of the House
shall be for application under this
Act. For the purpose of carrying of
Representatives, as the case
out any of the provisions of Pub¬ may be.
/..
hereby made available for
a
192.0
135
141
(1935-39 average=100)
bered
with
of
437.1
191.3
135
'
1500.
specified,
claim, shall be guilty
448.1
138
t
requires, the singular includes the
plural; the masculine includes the
feminine; the term "Administra¬
able shall be
statement, representation, affida¬
vit, or document ih connection
such
313.5*
t
by .379, nondurable by
116
conditions
Except as otherwise
provided in this Act, the admin¬
istrative,
definitive,
and
penal
false
any
121,0-
318.2
figures, shown in the Federal Reserve Chart Book, multiply total by $410,269,000, resi¬
118
provided
private
made
225.9
113.4
t
Manufactures—
104
titlement
makes
to be
convert
149
trative and Penal Provisions
pensated
causes
167.2
220.9
"112.3
142
Chapter XV—General Adminis¬
made any false statement or
representation ms to > any wages
paid
or
received, < or ' whoever
or
160.8
"217.7
'
136
139
lease
TITLE VI
77 Sec.
Sec.
in any
cash.
other than
medium
2033-
131-133),
sees.
missions and bonuses and the cash
Act
shall be applicable in the admin¬
istration of this title.'7-/ V.
"158.8
122.2
C'7 t
May
138
Territories
Sec. 1400. As used in this title—
be
;7>;777:7;
167.9
225.9
tData not yet available.
points
-1944-
157
ically
such
83
114.5
INDUSTRIAL
Mar.
"United
Chapter XIV—Definitions
be
,
Procedures
or
of not
impris¬
both.
Railroad
the
by
$1,000
for
or
37
by Bureau of Labor Statistics.
102
shall be punished by a fine
year,
62
19
58
7
221.1
138
Open hearth
onment
41
t
durable
average=100)
ing entitled thereto and with in¬
tent to defraud the United States,
than
132
7
161.5
Steel__
a
shall
agency
To
Construction
+ 10
124
——
~
cooper¬
Retirement Board.
of
"Preliminary.
+11
V
130
Stocks, seasonally adjusted.
more
175
138
"113.5
to
tervals for
making claim for and
payment of benefits, and the ad¬
360
169
"217.7
indexes
STOCKS
1943
.
unadjusted
258
361
:
"159.4
1944
Stocks,
239
255
-/
'
•
„
average— 100)
May
(average
"52
May
237
District
•,
Sales
"19
68
——
dential
Federal
31
7
Note—Production, carloading, and department store sales
*
SALES
Second
Sales
to suitability of work
existence of good cause, the in¬
7
STORE
a
as
+
+
DEPARTMENT
"37
—
>
25 shopping days 1943.
OF
52
17
Employment
INDEXES
pur¬
cases,
standards
1
-
36
52
averages.
6
■+"
<
"146
"42
.,.
-
6
+
10
+
-
shopping days 1944.
the
Board
+
14
+ 19
—
15
+
;—.—v
19
+
:
129
Apr.
7
-W;.
+'12
7
6
+
7
Niagara Falls
provisions of said Act.
suant to the
;, •
+
.
Railroad
+ 12
"Western New York State.:
140
Department store sales, value..,
Department store stocks, value.
5
8
+
.
+ 13
J_—;
"169
Freight carloadings.—„
■'
6
+
"
Binghamton—:
"357
176
Nondurable goods—.—
+16
3
+
——
Southern Hew York State—
359
172
y
"16
Durable goods
1
J."
4'
+ 24
——
361
"31
;w.
Total
6
8
+
"253
.
Factory payrolls—
+ 11
■
+ 13
_
258
"170
Total
+ 19
1
—
+19
—
256
"357
1
Durable goods
Nondurable goods
'
Central New York Stated
"237
All other
"
+16
+
_
May
239
'"143
7
;
Factory employment—
•
—
—
+ 17
+ 19
Upper Hudson River Valley—7.
Railroad Un¬
of the
employment
or
1
■
•—
■;
+ 16
.
May
Residential
7.v.
+ 12
+ 12
7,
6
+
—
Valley..
Poughkeepsie—
of
application for the
benefits
herein
provided
is
a
"qualified employee" as defined
In
+
Bridgeport—.—i—.
Lower Hudson River
15
+ 14
_
239
Construction contracts, value—
Total———
•
the
in
"Newark
+
any
eligible under the provi¬
of
sions
In
i
Apr.
"253
Minerals
hond
+ 19
Westchester and Fairfield Counties
located in each State
Jan.-May
on
May 31, 1944
"Northern New Jersey—
May
Nondurable.:
y
1944
—
nated by the
representative of the Administra¬
Stocks
,1944
New York City..—
Administrator. /The
Without
Seasonal Adjustment
-19441943
1943
"237
i
Durable
Percentage change from preceding year
•
..7777/
Manufactures—
Total
bunal of the State agency or such
other agency as may i be desig¬
tor
Industrial productionTotal
1944
MAY,
carloadiogs;
series
Adjusted for
-
tri¬
freight
and
100 for all other
=
-1944
been
impartial
an
production
employment and payrolls;
month in 1943.
District
be entitled to a fair
before
same
100 for factory
=
1923-25 average
hand at
on
industrial
-Seasonal Variation-
Any claimant whose
an
denied shall
hearing
»
-
Their stocks
1939
for
The following is the bank's tabulation:
V
Admin¬
7.,
average =s= 100
apparel stores in the New York Reserve District reported
increase of 18% in the net sales in May.
an
voucher signed by a certifying of¬
ficer
1935-39
-.V1
.
186
.
179
123
106
107
$102
146
v
108
141
143
168
269
..144
145
•
281
145
67
7"s'
*
.
.
68
•
"•
.
,;V
'
62
'
^ Note—To convert coal and miscellaneous ^indexes to points in-total index, showq,
in/lthe Federal Reserve Chart Book, multiply coal by .213 and miscellaneous by .548. '
THE COMMERCIAL & FINANCIAL
162
919134—
-Gross
Month
United Slates
teEarnings Of
NM
Brass
111999222763548—1—
February
911
railroads for the month
of February are along the same lines of recent months, that is gross
earnings exceeded those of the corresponding month a year ago but
net earnings were smaller, due to higher operating costs. Gross earn¬
ings in February are smaller than those reported in January and
below the all-time peak figure of $800,232,157 reached in August,
1943. Net earnings in February, while higher than in January, were
below the all-time high of $332,944,921 attained in August, 1943., ///>/■:
Gross earnings in February, 1944, were $735,305,465 as compared
with $363,479,220 in February, 1943, an increase of $71,826,245, or
from $255,046,330 in
decrease of $11,334,697, or 4.64%. We now give in
results for the month of February, 1944, as com¬
February, 1943, a
the
tabular form
month of February, 1943.
pared with the
.
v
Incr. (+) or
$735,305,465
roads——-——
$&ss earnings ——
485
$663,479,220
408,432,890
$71,826,245
83,160,942
to earnings
of expenses
earnings
Net
District and Region
$11,334,697
4.64
—
Total (51 roads)
Southern District—
+11.65
+
145,478,753
133,880,634 +
11,598,119 + 8.66
+
26;295,265 +10.11
—
32,245,597
.
8,215,662
+
+
8.09
Total (50
all
districts
Total
269,515,247 +
33,932,861 +12.59
735,305,465 :l 663,479,220 +
71,826,245 +10.83
—303,448,108
roads)—
248,738
238,891
237,463
232,957
233,266
were
421,180,876
348,749,787
72,431,089
+
20.77
231,304
231,017
the
405,001,273
424,172,348
19,171,075
—
4.52
235,653
234,510
—.
—
(131 roads)
New
8,211,185
region- 25,591
25,740
33,194,368
38)263,933
..24,040
36,311,611
36,126,672
56,112
56,379
76,155,789
82,601,790
Total
Incr. (
$
6,649,810
Central'East, region- 23,928
Great 'Lakes
5,069,565 —13.25
—
•
+
region.
44,133,848
45,420,034
14,102,822
15,042,198
—
6,025
60,462,232
—
region- 45,638
Northwestern
45,433
19,304,178
55,185
60,622,040
129,411
108,819,174
111,982,308
243,211,633
255,046,330
—
229,263
of the roads conforms to the
Commission, and the following indicates
Commerce
grouping
and regions:
groups
—
2,225,562
266,951
129,278
Note—Our
0.51
7.80
2.83
—
6.25
—
•1,576,399
—
—
3,163,134
—
11,834,697
—
3.68
6.40
0.4i
5.1C
2.83
4.64
classification of the Interstate
the confines of the differen'
EASTERN DISTRICT
England Region—Comprises the New
New
30,469,355
28,892,956
28,793
districts_.228,778
all
—
1'
—
—
Total
—
1,319,784
60,888,991
Southwestern region. 28,671
Region—Comprises the section on the
England and the westerly shore of Lake Michigan
from Chicago via Pittsburgh to New York.
Canadian boundary between Ne*
to Chicago, and north of a line
Region—Comprises the section south of the Great Lakes Region easi
of a line from Chicago through Peoria to St. Louis and the Mississippi River to the
mouth of the Ohio River, and north of the Ohio River to Parkersburg, W. Va., and a
line thence to the southwestern corner of Maryland and by the Potomac River to its
'/
SOUTHERN DISTRICT
eastern
Region—Comprises the section east of the Mississippi River and south
Ohio River to a point near Kenova, W. Va., and a line thence following the
boundary of Kentucky and the southern boundary of Virginia to the Atlantic.
Pocahontas
WESTERN
Northwestern
Region—Comprises
the
section
Central
adjoining Canada lying west of the
Omaha and thence to Portland,
Region, north of a line from Chicago to
Columbia River to the Pacific. V
Western
Region—Comprises the section south of the Northwestern Region
Chicago to Peoria and thence to St. Louis, and north of a line
City and thence to El Paso and by the Mexican boundary
of
St. Louis to Kansas
to
a
line
from
west
from
the Pacific.
Southwestern
6outh
Region—Comprises the section lying between the Mississippi
and a line from St. Louis to Kansas City and thence to El
of St. Louis
and by the
River
Paso,
Rio Grande to the Gulf of Mexico.
conclusion, we now furnish in the table
clusive:
a
236,031
236,839
236.529
1.90
237,970
236,870
2.74
239,584
238,731
+
459,084,911
8,723,567
+
468,532,117
12,850,859
9992436712001.,—.—
467,808,478
455,681,258
—.
—
—
South..
456,487,931'
18,292,585
+
4.01
234,884
242,668
43,034,122
—10.11
242,348
242,113
427.465.369
91,327,690
—21.37
242,660
242,726
266,892,520
336,182,295
69,289,775
—20.61
242,312
240,943
213,851,168
248,104,297
266,231,186
52,380,018
—19.67
241,189
241,467
211,882,826
36,221,471
+ 17.10
239,389
241,263
plete their
254,566,767
248,122,284
6,444,483
45,494,779
+
fore
too
crops
which could be plantedUaterv
300,049,784
254,555,005
2.60
238,162
239,433
+ 17.87
237,051
farmers who were unable to com¬
238,280
321,247,925
300,021,278
233,515
234,285
321,149,675
21,226,647
70,590,873
7.07
250,558,802
—21.98
234,851
235,620
+
276,341,856
-
—.
250,510,207
25,831,649
+ 10.31
233,708
234,789
36,407,585
233,010
233,704
44,711,515
+ 14.29
232,415
233,052
It is not yet
+ 29.35
231,593
232,414
ers
+
201,050,956
+ 43.47
229.628
231,593
corn
735,305,465
663,479.220
+
71,826,245
+ 10.83
228,778
229,263
909—'
$47,622,634
56,204,145
——:
910
—I.
•
*
•i:
919—
+
•; 99,460,389
I—
_
107,148,249-:
—*
>
•
Mi
(•i
;)■
+
+4,981,506
—
'38,008
•
south
-'4.76
0.03
•;'i;i«ift.+ +7.79
7,748,287;-
.
+ ■•
the
of
more
tc«)s
.-,h541,678 .*■>•+:,♦: 0.50
+-.' 17?381,393 i.,+^15.94'
•22.39
28,128,967
—
32,904,121 ;4-
indications
some
are
shift
is
ex¬
pected to be • to • grain sorghums;
Farther north, it is expected that
some millet, sudan,-and other late
forage ..crops will. be. planted after-
8.14
47.20
—
too
be sown,
that farmers /may; plant ah extra;
million- acres to
corn.
Farther
251.47
—
.
there
spring
33.73
late;^r ;/corh+HFarthar
;e|ist£:/suitabte^^
soybeans
can
/still, be ^planted ..and
97,522,762—T? 8,702,988
-+13.17 some -grass elands twill : be left for
57,375,537+-'A> 66;078,525 V
26.21
14,727,011
41,460,593
56,187,604 ■?
hay/
/v>•//';>+ •;/+v A-V/
>19,009,-701. '.>!»•+.^46.46
•,.59,923,775A:+^40r914;O74^ ->+■:
In all the, eastern half. of the
8'.'39
5,030,495
??,54,896,705' '
59,927,200 >
++16.60 country; there are-sharp local -dif¬
+. + 9,199.020 •i
jS*.64,601,551.,
55,402,531
64,603,867 ■- r'.+ 13,140,009 >+.+ 20.33 ferences in the progress of farm
77,743,876
—
—
> >
933..
—
—
—Zir
—.
—
935——
'
>
•
,
„
.
338lIlIIIIIIIIIIIII—IZZH
35,711,887
20,530,955
72,888,743
56,242,821
16,645,922
+
+
29,726,070
++40,72
••'•+'
32,143,807
+
'
~
-
ii'
i1
""i,
'
942_„.—
~ir ~ -
- ->» -
73;008,615
102,735,090
255,074,479
i,
I.
102,734,685
134,878,897
i'i
54.09
.77,778,245
56,242,842
'
Vi .
42,072,645 •V',
-35,705,600
939..-..^i—...
~y- -
;,+
■
+>64,618,641.
^
932—
944.
1,: 99,399,962
+
6,242,712
33,387,370
—
'■ 125,577',866.
97,448,899
54,882,820
—
'
: 108,987,455
->126,368,848
930—,—
'
4.13
1,191,014
16,428,891 >•• — ,60.58
11,536,799 ;>:;;+124.92
+
99,518,658
108,120,7-29 > <-:M07;579,051
928—
1
V-
51.45
—
•
wet to permit
moisture condi-fhave recently been favorable
and
26.60
—
-
28,944,820
a
tions
56.59
+
+
104,441,895
-
99,480,650
21,367,362
—>
.70,729,908
104,117,278 "+>
924
to
-
+
9,234,932
-76,630,334'
•+'70,387,622-+
——
oats
—
21,824,020
76,706,840 i?
a
30.50
28,886,343
—
27,117,462.
20,771,731+:
.
and
had
3.48
—
their score.
where some areas
fall too dry to sprout .wheat'
Nebraska,
33.40
8,275,149
—
28,814,420
•■r
In
+
2,002,769
19,895,047
11,982,277. .';+
—
-56,250,628
10,688,571-
——_
'
80,331;661
•
27,305,808 V27,623,406'
could materially affect
12.13
+
f
51,043,120
58,964,299 -I
918—II—II———IIIIIII"
14.91
16.84
—
39,274,776
?
32.02
+
+
59,553,012
.
acre
too
+
57,458,572
of
the/ land and to gelr
possible planted be¬
late, but a few showers
prepare
fore
+
—
acre^s
4,500,000
to
+
6,861,744
+
49,135,958
.+
39,657,965s'>
51,257,053 "
..V% 79,929,463>"
•
2
+
—
had
still
every
(—)
$11,549,651
7,293,722
+
$36,072,983
48,910,423
■56,580,655
57,411,107'.-
•
)15~IIIIIIIIZIIIIIIIIII~
Decrease
59,461,341
V
__
913——
'.
49,718,911 '
——„_V
to
Increase (+) or
Year
Preceding
Year Given
possible to measure
plant on June 1.
They
have been working night and day
-Net Earnings'?
i
916——
substituted
have
shifts, but some of them seem
likely to be large. In Iowa farm^
663,533,786
911—
be-',
original program
late
the
+ 13.18
+
104,918,816
t
.
336,137,679
—
r
<
to
475,265,483
+
1
the
427,231,361
357,564,014
462,482,830
■
in
474,780,516
276,341,857
936..
cotton
some
planted
reducing yield,
prospects by late planting the de¬
lay in field work has prevented'
carrying out earlier plans. Many
312,869,481
912
and
,
addition
In
312,749,442
134.878-897
+' 120,195,582
11,834,-697 ;■
r-
2|5(Q46^3(n
bV?43;2;ll;633i
*+.«* - —~I'
:
—
'!'"
In
work.
+' 57.49
29.60
31.29
80-11—-.4.64'
rains
not
where
most
+
frequent and
the farms
are
too
of
,
the
where
areas
some
were
.mechanized ..the
+ more
..
efficient
family units have accomplished an
work
of
amount
unprecedented
and
nearly up to schedule. On
the other hand,:in many localities
Agricultural Dept. Report On Crops As Of June I
are
frequent rains during May have
States Department of AgLicultiire, at Washington,
prevented completion of the in-*
issued its general crop report as of June 1, which we give tended plowing and planting and
in part below:
•
'
/,!'I \ the need to cultivate crops alreadyDurihg l-eceht weeks I growing,Conditions I haVe /:.b.eerf-JunsueUy planted and to start haying and
favorable and in spite of a late and. uneven start, national crop pros¬
harvesting will Cause some fields
pects now appear better than on this date in any of the last 10 years to be/; left * Untilled. The present
except 1942.
<®1—
—
indications are that in the better
United
June 9,
chiefly
timely rains
May, the
to
wheat produc¬
forecast of winter
714,000,000
increase of 52,000,000
bushels over prospects a month
ago.
As Spring, wheat appears to
have beeri'planted on a full acre¬
age and to be growing under fa¬
vorable conditions, the total wheat
crop is likely to exceed a billion
bushels
and
at
present
gives
bushels,
an
promise of being the largest ever
harvested in this country.
Many
of
fields
oats
In
and
planted un¬
not all of the
acreage
could be sown.
late
were,
late fields of oats
are
just coming up while earlyiown
fields are
heading.
Both
places
some
uncertain
and a near-average oat crop of
about 1,193,000,000 bushels is all
hat can be expected.
Barley is
less extensively grown in the area
and yield
acreage
has
that
been
are
and
wet
too
duction
is
300,000,000
expected
bushels,
to be
a
pro¬
about
good-sized
only fair.
Planting has been late and there
Corn prospects appear
still
a
considerable • acreage to
planted, particularly in the wet
areas of Minnesota, Iowa and Mis¬
be
souri, but the total acreage will
be large and a record proportion
will be planted with hybrid seed.
Prospects for early hay crops are
excellent and recent rains give as^
of a good crop of wild
Supplies of water for irri¬
gation may be a little short for a
full yield of late cuttings of al¬
surance
falfa
.
...
Cobst
;in
i.j
Idaho
and
States, but
the
Pacific
with no other
total
the
setbacks
unusual
hay
should be large, probably
nearly 100,000,000 tons. This would
crop
be
about
as
large
a
crop
as
was
put up last year but no more than
is needed for the large number of
cattle to, be fed.
of pastures on
reported as 89, the
condition
The
1
June
was
and
the
for
condition
highest
date
reached only
since
1922
when
growing conditions are fa¬
quite generally in the
one
vorable
farming
areas
of the country. Re¬
ports on Western ranges on June 1
show a lack of rain in west Texas
New
southern
Mexico,
parts
of
Arizona, much of California and
Oregon
and
portions of other
Western States, but prospects for
ranges now appear
favorable from
Colorado northward.
Not
all
fruits
can
,
ditions
the
in
>
be estimated
this early in the season,
main
but con¬
fruit
belts
favorable and the total
output seems likely to be of nearrecord proportions.
Truck crops
appear
market
for
crop.
,
,
,
in the Southwest during
lUO
)
236,642
1.11
5,029,255
hay.
which follows a sum¬
mary of the-gross and net earnings of the railroads of the country
for the present year in comparison with each year back to 1909 in¬
In
5.11
24,441,938
were
in
being sown
being
+
462,482,830
is
DISTRICT
Great Lakes
and by the
southern boundary of Vir¬
Parkersburg, W. Va., and south
of Maryland and thence by the
Region—Comprises the section north of the
ginia, east of Kentucky and the Ohio River north to
of a line from Parkersburg to the southwestern corner
Potomac River to its mouth.
still
454,198,055
Southern
of the
States
was
478,451,607
ntended
Central Eastern
mouth.
Northern
235,876
459,227,310.
usually
England States.
Great Lakes
barley
235.528
454,009,669
tion has been raised to
20,623,962
region 54,907
West,
Total
939,376
District-
Western
Central
58,236,670
43,473
+
184,939
1,286,186
37,448
43,387
Total
234,880
235,506
44,745,531
31,939,712
Owing
6,002
-
(
6,446,001
—
37,385
Bouthern region
+) or Dec. (—)
%
1,561,375 —19.01
—
Southern District--
Pbcahontas
235,625
235,399
445,870,232
On
and
oats
some
still
1.18
4,772,834
400,146,341
477,809,944
—-
June
7.16
405,203,414
444,891,872
,
of
+ 11.18
400,430,580
—.
-
still wet from overflows.
first
357,580,996
on
$
" * •-.'/'
6,599
6,593
England region^
$
1943
1944
Eastern District—
1943
f -1944
Mileage
District and Region.
209,573,963
—
—.
The
Net Earnings
■/•; •:/;.;■■>//■ /; /■■.;
/■./ /
/...
—
.i..
941
.
^
69,405,356
61,908,908 +
7,496,448 +12.11
Central Western region (15 roads)164,841,154
143,035,621 +
21,805,533 +15.25
Bbuthwestern region (20 roads
£ 69,201/598. 'Jv.~64;57Q,318 ++.• • ^ 4,630,8807.17
(15 roads)—
Northwestern region
249,795
934..—-—
District—
Western
14,852,794
.3,382,457 +10.49
(30 roads)--*——
Total
9,810,219
+
101,635,037
'' '
•
(4 roads)
Pocahontas region
+
260,083,339 +
rodds)
Bbuthern region <26
0.99
9.65
+ 21.31
February
+
109,850,699
35,628,054
-
-
53,005,851
+
of
6.87
+ 9.94
1.632,252
23,769,722
108,799,540
127,514,077
286,378,604 +
region (23 roads)—
Central Eastern region (18 roads)—
Great Lakes
late
244.809
—
Month
%
•
25,401,974
118,609,759
142,366,871
(10 roads)
New England region
242,837
245,541
+
1943
(+ ) or Dec. (—>
$
$
$
District—
246,186
2,655,684
1940L--V—„—
'
Eastern
been
0.61
+ 27,68
tana; by the end of the month a,
large part of the corn crop had
61,656,597
1939—,.
■:// : V'/li;;/;,/
FEBRUARY
Gross Earnings
Inc.
1943
—
242,928
25,148,451
1938
table.
1944
244,925
289,392,150
1944——
GROUPS—MONTH OF
SUMMARY BY
23,823,138
1,303,286
—10.22
351,048,747
1931—
+10.83
+20.36
arranged in groups or geographical divisions,
according to their location, it is seen that all of the districts^—
Eastern, Southern and Western as well as all of the different regions
grouped under these districts record gains in gross, the increases
ranging from 6.87% in the New England region to 15.25% in the
Central Western region. In the case of the net earnings all districts
and every region record losses with the single exception of the Cen¬
tral region in the Eastern district, which records the trifling gain of
0 51% As in January the largest decrease is recorded by the New
England region where the loss is 19.01%. As previously explained,
We group the roads to conform to the classification of the Interstate
Commerce Commissison. The boundaries of the different groups and
indicated in the footnotes to the
237,756
269,272,38?
1937.
When the roads are
regions are
240,986
260,627,752
1930
(61.56%)
$255,046,330
$243,711,633
———
-
■i
6.59
1941—,.——
<
491,593,832
(66.86%)
Operating expenses
+
285,776,203
:
—
0.2
—
233,191
14,389,312
—
1920——.
%
Amount
■
229,263
231,805
237,082
3,409,167
271,928,066
267,579,814
1917———;—:
Deer. (—)
228,778
Milage of 131
Ratio
1943
'1944
:
;Month of February-
11993426452—,.
235,483
+ 10.52
>■
planted and in early June
plantings
and
replanting?
were being completed rapidly ex-L
cept on some bottom lands that
1918
$243,711,633 in February, 1944,
to
down
227,868
1.70
20,752,155
+
212,163,967
By midTk
planters were running
Mon-r
corn
in all States from Georgia to
+
—
233,056,143
2*0,860,681
May
212,236
231,296
+ 15.85
farm- worl^
and
fields
the
went ahead with a rush.
Preced'g
215,383
+.- 7.80
27,377,858
"+
218,336,929
209,233,005
1916
earnings increased to 66.86% in
from 61.56% in February, 1943, so that net earning?
1944,
February,
were
232,726,241
915—
ratio of expenses to
The
10.83%.
—
(—)
into
Year
Year
Given
$12,180,071
+
$156,156,486
172,751,230
200,129,088
200.418.368
197,009,201
197,278,939
218,031,094
912—
of United States
Gross and net earnings
Dec.
$168,336,557
910——
Month Of Febraary^ /
Mileage—
EarningsInc. ( + ) or
'Preceding
'Given
"
909_I:——„—
+/. v: Raitroaets For The
Year
Year
of
Monday, July 10, 1944
CHRONICLE
being
grown * on
recently, will nearly all be plants
ed.
But
where
farms
ductive
unpro¬
with
farming; and there is much com-)-
and
class
these
In
whom
others
tries
urban
indus^-
"unemployables."
as
whiter
he is
doing all he can, but under pres-r
ent conditions the whole job can¬
haired
areas
farmer
a
many
reports that
not be done.
Contrasts
color
local
are
sharp
opinion.
and
From
they
a
na-r
tional point
of view the outstand¬
ing fact is that most crops are now
planted and growing conditions
are good.
There are a few areas
where crops
are
reported poor,
but they are Quite limited
and
mostly where substantial recovery
is still possible.
In California and
the Southwest .there are some dry
more
small
grains
age,
or
compete
plaint that few are left to work
on the farms except old men, boys^
spots;
acreages,
small
booming war industries there has
been some consolidation of farm?
and
an
increase
in
part-time
production
large
good; land»
the
except some bottom lands flooded
far has been well above aver¬
fairly
so
r are
sections
farming
rain is needed
and ranges in
for
the
and prospects for late crops' Pacific Northwest- but elsewhere
most of the main cropping areas
moderately favorable.
appear
Crop, prospects appear to;/vary
sharply among areas and are by
no
means
clear at this time.
A
of the
western
half of the
coun¬
try now have a good reserve of
soil moisture and hopes are rising.
Crops in the South were .planted
late and large areas has suffered
from too much rain, but there is
cold, .most farmers in Central,'
still time for; good crops.
In the
Eastern and Southern States were
far
behind
in
the
planting of central/wet area extending from
"month ago,,
that
after several months
sfemed continuously wet and
spring-sown crops. After the first
week of May there were some de¬
structive
late
frosts,
but
the
wqather permitted farmers to get
central Minnesota to central-Mis*
■souri- there is
but
farmers
less' time
seem
to
to
have
spare,
beeri
catching up rapidly since June %
Volume
Number 4297
160
THE COMMERCIAL & FINANCIAL CHRONICLE
In the eastern1 Corn Belt " planting
late, but most areas are now
only a little behind normal -'■ An
htea stretching along the Atlantic
was
Coast
from
Carolina
North
to
Maine is urgently in need of rain,
but the strip is only a few coun¬
| ftp Building Permit Valuations 8% Below
| March, Secretary^ Perkins Reports ;
Around
in
On the whole, compar¬
ing with the difficulties faced at
in
season
fcrop
year
other years a
to
seems
be
good
the
in
The June 1 pattern of progress
of commercial truck crops for the
fresh market was somewhat .ir¬
•
dollars
worth
^of
building construction was
areas of the United States during
April, 8% less than
March, Secretary of Labor Frances Perkins reported on May 27.
"Federal contract awards declined 17% as against a decrease of only
5% in private work," she said. "New residential building valuations
decreased 22%
and
additions, alterations, and repair work 4%, while
building showed an increase of 5%, the first
since Nov., 1943, in this class of building construction."
The report of the Secretary of Labor continued as follows:
non-residential
new
making.
million
started in urban
ties deep.
this
85
estimates
awarded
163
combined With data on building construction
contracts
furnished by Federal and State agencies. All
figures for
are
as
the current month
financed
preliminary.
are
non-residential
Upward revisions
construction
be
may
in
expected
Federally
due to
late
notifications of contracts awarded.
"Principal centers of various types of building construction for
which permits were issued
contracts
or
were
awarded in
April, 1944;
except projects which have been excluded because of their confiden¬
tial nature were: Allentown, Pa., 80 units in
two-family dwellings to
cost
$240,000; Chicago, 111., 229 one-family dwellings to cost $1,040,350
two-family dwellings to cost $105,000; Brookfield, 111.,
dwellings to cost $290,000 and 32 units in two-family
and 26 units in
58 one-family
dwellings to cost $144,000; Franklin Park, 111., 41 one-family dwell¬
ings to cost $196,185; Gary, Ind., 70 one-family dwellings to cost
$300,100; Hammond, Ind., 53 one-family dwellings to cost $287,000;
regular but most late spring and April a year ago primarily because of a 50% drop in the value of
Federal construction contracts awarded. Permit valuations for non- Detroit, Mich., 241 one-family dwellings to cost $1,241,500, 82 units in
summer producing areas show a
two-family dwellings to cost $394,500 and 1 apartment providing 14
net improvement over a month Federal building construction increased 14% over this period.
The units to
cost $50,000; East
Detroit, Mich., 55 one-family dwellings to
ago. Warm, drier weather in May dollar volume of all new residential building declined by two-fifths
cost $264,400; Lincoln
Park, Mich., 33 one-family dwellings to cost
permitted growers to clean fields and of all new non-residential building by one-tenth, while additions,
$151,940; Cleveland, Ohio, 339 one-family dwellings to cost $964,500;
of weeds and to cultivate fields alterations
and repairs
increased one-third from the totals for
which
previously
had been too
made consider¬
able progress, although most crops
Truck
Wet.
still
are
.-.-As
a
to
One
the
two
1"\
draws to
•
spring
season
spring harvest was 20% greater
than in 1943 and 6% above aver¬
age.
Total tonnage produced on
this acreage is placed at 1,694,000,
year,
is.. 15%
larger
12% above
the
ceeds
than
last
average, and ex¬
previous
record
pro¬
duction by 8%.
Acreage of truck
for the
probably will
summer
crops
market
show about
game percentage increase as
the
the
harvest but
below average.
acreage
for spring
may be
Summer
slightly
acreages
estimated to
date show the following increases
©Ver* last year's acreage: water¬
melons, 43%; onions, 34%; green
peppers, 33%; cantaloupes, 26%;
green peas, 10%; cucumbers, 9%;
.celery, 8%; snap beans, 4%, and
cabbage, 4%. Decreases in acre¬
age ranging from 1 to
17% are
indicated for tomatoes, beets, car*
rots and lettuce/ Indicated ton¬
nage from early summer acreage
is 21% larger than in 1943 and
is 7%
above the 10-year average,
f-rField
preparations
for
impor¬
processing vegetables were
delayed early in May by exces¬
tant
sive rainfall.
But rains
less
were
frequent after the middle of the
month and temperatures began to
rise so that growers in most parts
this month
less than in
16%
was
\
.
Percentage change from
—March 1944 to April 1944—
April 1943 to April 1944
Other than
later
weeks
;
close it appears that acreage for
which
April, 1043." r.
crops
than usual.
■
"The volume of work started
Class of construction—
All
Total
construction.^—
residential
—
Other than
Federal
8.4
•—
Federal
Federal
—16.2
•
Federal
+13.8
Total
—17.1
4.5
—50.0
in
—22.2
_*
nonresidential——
—
7.5
+
5.1
+
—75.2
0.8
,
—38.8
—11.4
—88.1
7.5
—10.3
+15.8
—27.1
$201,275
+
Additions, alterations
tracts awarded
uble of
during the same four months of 1943, the dollar vol¬
hon-Foderal work increased 41'%."
-Federal-
-Total-
First 4 Months
———First 4 Moriths1944
1943
^ 1943
1944
:
Percentage
(In thousands
Percentage
of dollars I'
change
of dollars)
change
Class of construction—
All, construction
■ (New. residential
New
—22.5
—61.0
339,419
437,842
106,243
272,704
127,376
202,407
—37.1
19,726
109,554
—82.0
124,789
—
177,448
—29.7
'81,612
155,657
—47.6
4,905
7,493
-34.5
"
—f'
f:
nonresidential
Additions, alterations
and repairs
•
87,254
■
r
57,987
+:jji>.i>;
"The figures on building construction cover the entire urban area
of the United States, which, by Census definition, includes ali incor¬
1940 population of 2,500 or more and by special
rule, a»small number. of unincorporated civil divisions. The volume
of privately financed construction is estimated from the building per¬
mit data received from a largfe majority of all urban places and these
porated places with
large as in 1943. Citrus fruit
produced from the bloom of 1943
Crop's of oranges
as
.
favorable
for
setting tomato plants in the fields.
Growers
in
difficult
to
supply
some
found
areas
obtain
of
plants.
After
growers in the northern
the United
attention
it
adequate
an
June
1
part
of
States will turn their
to
planting lima beans,
canning, cucumbers for
p'ickles and kraut cabbage.
beets
for
..'June
1
conditions
indicate
ciduous fruit production
in
de¬
1944
ipay be above 1943 by as much
22% and about 7% above aver¬
The peach
age.
be
'about
1943
17%
60%
crop
above
more
is indicated
and
average
than
the
short
Pear production is 3%
bqlow average. Cherry prospects
are 27% above average and 69%
crop.
above the short 1943 crop. Con¬
dition of commercial apples is 10
points, above June
1,
1943, indi¬
cating. a somewhat larger crop
"than harvested in
1943.
Grape
production probably will not be
for 40 units.,''
Ws;;::;v7
"Federal contracts
were
tions for 298 persons at San
■
■
also awarded for dormitory accommoda¬
Francisco, Calif., to cost $171,346."
;
,
Statutory Debt Limitation As Of May 31,1944
The
Treasury Department made public on June 3 its monthly
the face amount of public debt obligations issued
Second Liberty Bond Act (as amended),
outstanding on
May 31, 1944, totaled $193,042,177,209, thus leaving the face amount
of obligations which may be
issued, subject to the $210,000,000,000
statutory debt limitation at $16,957,822,791. In another table in the
report, the Treasury indicates that from the total face amount of
outstanding public debt obligations ($193,042,177,200) should be de?
report showing
,
were
addition contracts were awarded during
April, 1944, for the
following Federally financed projects containing the indicated num¬
ber of housekeeping units: Ottawa
111., $193,187 for 120 units; Evansville, Ind., $346,885 for 185 units; Marietta, Ga., $995,698 for 500 units;
Fresno, Calif., $203,500 for 100 units; Klamath Fall$, Ore., $101,842
a
snap
beans, sweet
tomatoes and other late-ma¬ and grapefruit and a moderatesized crop of lemons, which have
turing crops.
Even
in
Maine'
been moving to market since the
progress in planting some of these
"vegetables was farther advanced fall of 1943 and will continue to
by June 1/than' usual, but the move until the fall of 1944. Pros¬
season
was
rather
backward in pects are now favorable for good
crops of citrus fruits from this
Oregon and Washington.
;' t
year's bloom for market supplies
Difficulties encountered early
beginning next fall.
in May in preparing the land con¬
Corn—In the Corn Belt States
tributed to the slight reduction in
the planting 6f corn has been de¬
the 1944 acreage of green peas,
which preliminary estimates place layed by excessive rainfall and
wet fields during May, but by'the
'at 482,150 acres compared with
end of the month work was pro¬
483,260 acres planted in 1943. But
the June 1 condition of the crop gressing rapidly as fields dried
out sufficiently to continue work.
'oft this acreage was
fairly favor¬
able except in Delaware, Mary¬ Planting in the Corn Belt as a
whole ranges from one
to two
land and Virginia.
Dry weather
weeks late but recently has been
reduced the prospective tonnage
aided by more favorable weather.
in this area.
Planting in Kansas and Nebraska
Growers
of
snap
beans
and waspractically
completed
by
sweet corn for processing expect
June 1 and was nearly done in
to complete the planting of these
South Dakota.
In Iowa and Illi¬
Crops
by the middle of June. nois planting is usually completed
Conditions
$264,000 and 100 units in two-family dwellings to cost $300,000; Port¬
land, Ore., 74 one-family dwellings to cost $370,600; Seattle, Wash..,
135 one-family dwellings to cost
$576,850 and 34 units in two-family
dwellings to cost $117,100.
v
"In
(In thousahds
-
corn,
,
cost $216,300 and 128 units in two-family dwellings to
$640,000; Kansas City,, Kans., 48 apartments providing 350 units
$1,200,000; Washington, D. C., 69 one-family dwellings to cost
and 10 apartments providing 72 units to cost
$173,000;
Atlanta, Ga., 76 one-family dwellings to cost $217,000; Knoxville*
:
and repairs
3.2
-54.5
4.0
+ 42.9
-23.3
+33.2
Tenn., 113 one-family dwellings to cost $490,140; Memphis, Tenn., 67
The Secretary of Labor's report continues by stating:
one-family dwellings to cost $224,475; New Orleans, La., 84 units in
"The 9,464 family units coveted by permits issued or Federal
two-family dwellings to cost $207,200; Dallas, Texas, 202 one-family
construction contracts awarded during April was about three-fourths
dwellings to cost $404,215; Fort Worth, Texas, 103 one-family dwell¬
of the March total and well under three-fifths of the figure for April,
ings to costs $154,538, 12 Units in two-family dwellihgs to cost
$29,000
1943. About 10%, or 945 units, were put under construction contract
and 21 apartments
providing 84 units to cost $168,000; Houston, Texas,
during April in Federal war housing projects. The 8,519 dwelling
99 one-family
dwellings to cost $256,900; Pasadena, Texas, 91 oneunits privately financed were 6% less than the number started in
family dwellings to cost $337,792; Great Falls, Mont., 80 one-family
March and 14% less than in April a year ago.
'
/;
dwellings to cost $368,900; Salt Lake City, Utah, 42 one-family dwell¬
"The cumulative dollar value of building construction started in
ings to cost $191,000; Long Beach, Calif., 305 one-family dwellings to
urban areas of the United States thus far ift 1944 was $339,400,000 or
cost $1,074,300; Los
Angeles, Calif., 752 one-family dwellings to cost
23% less than the $437,800,000 for the corresponding period of 1943.
The volume of new residential building declined almost two-fifths $2,779,146, 116 units in two-family dwellings to cost $334,689 knd 43
apartments providing 133 units to cost $413,584; Lynwood, Calif., 62
and new non-residential three-tenths, as against aft increase-of onehalf in the volume of additions, alterations and repairs. Whereas the one-family dwellings to cost $231,800; San Diego, Calif., 54 one-family,
value of Federal building construction contracts awarded during the dwellings to cost $231,700 and 19 apartments providing 102 units to
cost $297,000; San
Francisco, Calif,, 82 one-family dwellings to cost
first four months of 1944 was 61% less than the value of such con¬
New
New
includes f'ecdr-d
planting
dwellings to
cost
to cost
of -the
country were enabled to
proceed with outside field work^
(Considerable progress was made
Cuyahoga Falls, Ohio; 32 one-family dwellings to cost $160,000 and
10 .units in
two-family dwellings to cost $50,000; Dayton, Ohio, 46
one-family dwellings to cost $197,700; Euclid, Ohio, 40 one-family
In
Pennsylvania, New Jersey
and in the South, excluding the
Gulf States, the condition of the
growing crop as a whole compares
favorably with the condition in
recent years, feven with planting
late and still in progress. In the
Gulf
States
the
much
below
that
condition
of
a
year
was
ago.'
Heavy rains necessitated exten¬
sive replanting and many fields
were weedy. Some of the intended
corn
acreage in the Gulf States
has not yet been planted and part
of the acreage may be diverted to
other crops.
Wheat—A billion-bushel wheat
crop
Such
once
is
now
a
in prospect for 1944.
has
crop>
before
in the
occurred
only
history of the
United States. 'The indicated pro¬
duction of 1,034,785,000 bushels is
slightly above the previous record
of 1,008,637,000 bushels produced
in
1915.
The
most
recent
under
ducted
the
total
on savings bonds), re¬
but to this figure should be
public debt obligations outstanding
to
$185,226,591,806..
added
$1,139,558,623 "(the other
subject to the statutory .limitation). Thus, the total gross
debt outstanding as of May 31, 1944, was $186,366,150,429.
The following is the Treasury's report for May 31:
but
not
,
~
Statutory Debt Limitation
Section
of
21
the
as
of May 31, 1944
Second
Liberty Bond Act, as amended, pro¬
vided that the face amount of obligations issued under authority of
that Act, "shall not exceed in the aggregate $210,000,000,000 out¬
standing at any one time."
The following table shows the face amount of obligations out¬
standing and the face amount which can still be issued under this
limitation:
+'*".+
Total face amount
that may be outstanding at
Outstanding-as of May 31, 1944:
Inter-bearing:
Treasury
■"Savings (maturity
Depositary
Adjusted service
was
interference
soil
because
Wisconsin.
in
In
of
wet
Ohio
and
Indiana
part
of
the
intended
acreage was yet to be planted and
in Missouri and Minnesota plant¬
ing had been seriously delayed.
A considerable acreage on. which
intended small grain crops could
not
be .seeded
has
corn.
been
With
at, .the
will
or
the
mechanization
on
usual
date
be
planted
to
high
degree
of
Corn Belt farms
of wheat separately.
This
year's indicated winter wheat pro¬
duction of 714,148.000 bushels has
been exceeded twice, in 1919 and
40,802,575,000
spring wheat of 320,637,000 bushels has been topped in
five earlier years, in the 1910's
and 1920's, the largest of which
was 368,000,000 bushels in 1915.
The
principal factor in this
prospective record crop is the oc¬
planting can be pushed very rap¬
idly if conditions continue favor¬
currence
able,
record yields
late
and
but it is
start
the
can
full
doubtful-that the
fully overcome
be
available
acreage
in the
same year
of
718,201,207
$114,526,630,407
Treasury notes
Certificates
$33,254,166,225
;
indebtedness—
of
30,947,201,000
Treasury bills (maturity value)
13,765,771,000
77,967,138,225
$192,493,768,632
Matured
Bearing
U.
S.
obligations
no
Excess
on
which interest has ceased
stamps
198,406,917
252,548,525
interest:
savings
profits tax refund bonds
97,453,135
295,860,052
and
Apparently not much of per harvested acre is a compara¬
the acreage intended for corn will
tively high yield, although.. ex¬
be diverted to other crops,,'but ceeded in 1942
by the record .jffeld
some will be left in hay and
pas¬ of 19.7 bushel's and in two other
(Continued
on
page
193,042,177,209
FaCe amount of obligations issuable
under above authority
$16,957,822,791
RECONCILEMENT, WITH DAILY STATEMENT OF THE UNITED STATES
+
.,
MAY 31, 1944
164)
TREASURY
■■■
Total face amount of
authority
Deduct,
of
the
.unearned
current
outstanding public debt obligations issued under
Second
Liberty
discount
on
redemption value and
Bond
Act_—
$193,042,177,209
Savings Bonds
(difference
maturity value)—
between
'
7,815,585,403
near-
of both winter
spring wheat. The indicated win¬
ter wheat yield of 17.4 bushels
planted.
ture.
468,934,750
1931, with the record being 825,000,000 bushels in 1931. The fore¬
cast for
$210,000,000,000
$72,536,919,450
value)—
kind
by the first of June, but this year
time_;
any one
Bonds—
approaching it was the 974,000,000,000 bushels in 1942. The 1943
crop was 836,000,000 bushels. The
indicated record-breaking crop is
the result of bumper crops
for
both winter wheat and spring, but
not
record
breaking for either
tle
$7,815,585,403 (the unearned discount
ducing
crop
only
two-thirds
finished.
Michigan had
about completed
operations and there has been lit¬
the
$185,226,591,805
Add .Other
not
public
debt
Interest-bearing
(pre-war,
Matured obligations
Bearing
obligations
outstanding
but
subject to the statutory limitation:
no
interest
on
etc.lli.-
"
,
;
s
—A
$195,926,860
which- interest has ceased
——
7,553,330
.
936,078,433
1,139,558,623
Total
*
gross
debt outstanding 'as
Approximate
cording
to
maturity
preliminary
value.
public debt
of
May 31,
Principal
1944
amount
—
(current
statement $32,986,989,597.
$186,366,150,429
redemption
value)
ac¬
--
i—•
-
'C
v:
abandonment of the crop
some
Agricultural Depl. Report On Crops As Of June I
noticeable extent, and storm
(Continued from page 163)
The yield of spring
indicated by June 1
condition and weather to date is
16.2
bushels
per
seeded acre,
earlier years.
wheat,
as
Spring wheat yields per seeded
indicated by June 1 condi¬
tions and the weather to that date,
were
applied to the prospective
acre,
in. the record
high
ranks
which
of
years, although ex¬
in each of the last three
previous
ceeded
It must be
this
than
that
and
recognized, however,
that is at the pinnacle
early in the season is more
usually vulnerable to hazards
may develop
between now
harvest.
This is especially
year
States, particularly in Mon¬
Such reseedings, however,
some
tana.
because
expected to be less than a year
are
ago.
,
of oats is
1,193,410,000 bushels.
Oats—The production
at
forecast
figure the current crop
would, exceed the 1943 production
this
At
by 49,543,000 bushels or about
16%
or
4%
165,130,000 bushels
larger than the 10-year
and would
be
an
points to yields which
well above those of
the 10-year
(1933-42)
these States
average
and
1943
favorable
was
southern
area
in
are
conditions
oats
seed
this
to
much
a
greater
especially
season,
Colorado
June
in Wisconsin and Iowa was seeded
to
In most other
these varieties.
used
they
States
Central
North
were
20 to 50% of the acreage.
on
result the yield expectancy
in this area is considerably en¬
(As
a
rust should
especially if
experienced.)
bushel
-
barley crop is in prospect as of
June 1, 1944. While 7% less than
Minnesota,
1943, this production would
exceed by 7% the tentative figure
where
exception of Nebraska, the margin
in
hand
on
of
are
rye
by
a
and slightly
ago
year
less than two-thirds of the nine-
(1934-42)
year
1
June
average
far^m stocks of 10,146,000 bushels.
Potatoes—June
Early
tion
the
of
the
early
condi¬
1
potato
in
crop
and
Cali¬
reported at 68%
com¬
Southern
10
fornia
was
States
pared with 76%
of
of
This quan¬
1, 1944.
less than
tity is 39%
lier but is about
of
Half
in
Minnesota.
North
more
June 1, 1943,
on
If
those
Dakota
of
Wis¬
consin, Nebraska, Kansas, Mon¬
tana,
Idaho
and
Colorado are
added, these nine States account
than
more
73%.
Condition
*
the
was
lowest
yields
per
acre
States
are
very
As
1
June
and
1936
>
in most of these
low.
T T
harvesting
areas
this
since
commercial
in
of the South progressed dur¬
ing May it
evident that
became
stocks
farm
South
and
than
for the same
these
are
year ear¬
a
third
a
1934-42 average
for
bushels.
30,781,000
of
farm- stocks
only about one-third of the stocks
crop,
June
on
date.
about 21% of the 1943
or
Present
areas
18%
Stocks—About
barley
and
300,000,000
Barley —A
bushels
production
equivalent
58,679,000 bushels, remained on
the
old
hand June 1 were 6,431,000
and the 10-year (1933-42) average
1943
farms
acre
per
Rye Stocks-^-Farm stocks of
in
complete
yield :
Dakotas- .and
rye on
1.
Barley
the
other
few
a
practically
was
greater part of the oats acreage
to
and
prospective
Nebraska,/the
principal rye-producing States.
/
little to indicate
was
to;;; 24,239,000 "bushels.
improvement in
"
was- some
during May, largely in Minnesota;
the
Spring seed¬
ing, though late in South Dakota,
Nebraska, Kansas, Wyoming and
The
States.
Central
in
the
significant changes.
util¬
were
unfavorable
States there
varieties of rust and
North
the
10-year
resistant
as
extent
Western
the
average,
newer
disease
ized
the
There
improved steadily to date.
•
Acreage decreases from earlier
seeding intentions have resulted
but generally
yields of 1943.
(1933-42)
below the
The
of
above
most
in
States
dropped
the
of
most
and prospects have
yields
especially in a
southern
and Southwest, with har¬
vesting under way as far as north
as Virginia and Oklahoma, and in
California.
The growing season
Michigan, South Dakota and Ne¬
braska. An upward shift occurred
in Montana, -but in
most other
number of the important oats pro¬
in
reached
has
crop
from
Much the same situation
prevails
in the
Southern and
Southwestern States.
Prospective
last fall; because of ducing States. Due to excessive
dry seed beds have had May
rainfall, cold weather and a de¬
weather that tended to improve
ficiency of sunshine, seeding was
retarded
The
average.
be
keep¬
June 1
all
condition of the crop in nearly
will
wide.
South
Despite* delayed seeding in some
hanced
of any other crop,
Mis¬
the
of
present prospects
production.
abundant
of the Northern States, the
started poorly
stands, and encourage
east
States
River
indicate
probably delayed more than that
and in the Pacific North¬
west, where better than average
rains during June will be needed.
The sections of the Plains that
come,
thin
the
sissippi
(1933-42) average of 1,028,280,000
bushels.
V,.:
The spring seeding of oats was
has not been over¬
since last fall
some
parts of the spring wheat belt, and
for spring wheat seeded on aban¬
doned winter wheat ground in
of the
lateness of the season which ex¬
poses
the crop longer to the
weather hazards of hot winds and
losses before harvesting if growth
becomes too rank, j The moisture
supply' is in general very favor¬
able for carrying the crop through
to harvest; the exceptions are in
New Mexico where the deficiency
this
March,
in
adjustments for changes
in farmers' plans caused by the
heavy rains at planting time in
with
a crop
true
published
as
acreage
years.
that
In
dam¬
to date is limited to the flood
losses in evidence a month ago.
is
is
-.T' maturity throughout most of the
indicated. -/'".TV T
age
Monday, July 10, 1944
CHRONICLE
THE COMMERCIAL & FINANCIAL
164
of
five-sixths
the
total farm stocks of
barley. Dis¬
appearance from farms since Dec.
1,
1943,
was
about
119,000,000
bushels, compared with 175,000,000 in
the same period a year
and
blight
in
rainfall
excessive
March and April had caused more
damage than
damage
the
in
severe
previously in¬
was
This
dicated.
very
was
Coastal
States
ex¬
tending from Texas through South
Carolina. In North Carolina pre¬
otherwise Iowa; South Dakota, Nebraska and of 280,000,000 based on March
harvested. Kansas. In these States the acre¬ prospective acreage and the 1937sent production prospects are poor
1941 average yield.
The Southern Plains States—
Most of the
because of delay in planting and
age devoted to oats will fall below
Texas,
Oklahoma and up into that earlier intended. Although improved prospects are due to
the dry weather that has prevailed
Kansas—had May rains that added
better-than-average condition of earlier, from a much larger crop.
seeding was greatly delayed in
since planting was completed.
In
the crop for June 1, reported at
materially to
their production. these
Rye—Indicated 1944 production
States, warm weather and
May moisture relieved somewhat
82%, compared with 78% a year of rye as of June 1 was 31,608,000 Arkansas and Oklahoma,, how¬
an abundance of sunshine during
the critical situation in the dry
bushels, compared with 30,781,000 ever, growers reported that more
the last half of May brought ex¬ ago and the 10-year average of
section of Oklahoma. In Nebraska,
bushels
in1943
and1 40,446,000 favorable weather in May brought
77%.,
r,.'cellent growing conditions.
The
however, the outlook continues
about some improvement in crop
In practically every State cur¬ bushels of the 10-year (1933-42)
present moisture situation is gen¬
poor.. The wheat that came up
average.
If present prospects are prospects. Condition of the CalU
erally favorable. As a result, oats rently estimated yields exceed the
in
the
spring is making slow
realized, this year's crop, except fornia crop ^continues: favorable
is expected to overcome much of 10-year average, and in the ma¬
growth and abandonment is still
and the yield per acre there is
jor producing West North Central for 1943, would be the smallest
the handicap of a late start, ex¬
going on. There are same reports
1936
when, owing to the expected to be better than aver*
and Great Plains Spates, with the since
cept in Nebraska and Missouri
ing
some
would not
of lodging
Rust
has
fields
that
have
been
where growth is rank.
developed to any
not
and in other limited areas
great deal of pride
our
Statement of
Gross Tax Collections for the fis¬
It is with
ALASKA
I
that
Ketchikan, Alaska
To Issue
$125,000 Bonds
—
The
city plans to issue $125,000 bonds
to finance its share of the cost
cal
ciosed June 30,
year' which
T
1944.
This
5TT-TTT
/
for
unusual
is
report
a
the municipal power number of reasons. As a part of
plant and the balance of the ex¬ this administration, which is nearpenditure will be provided by the- ing the end of its term of service,
Federal Government.
The pro¬ I take a great deal of pride in' the
of enlarging
has been approved as a war
public works project by the Fed¬
eral
Works
Agency and funds
gram
tax collections
fact that our gross
for this
year
$36,710,539.14,
were
collections in the his¬
tory of the Department. This rep¬
the greatest
feed and fertilizer
in the
the
imported wine tax and in
sales tax.
We1'have
an increase of more than
in our sales tax collec¬
tions and an increase of approx¬
$800,000
imately $300,000 in our income tax
Credit for the increases in
collections is due,
in
a
sales
large
to Mr. C. S. Churchwell,
Supervisor, and the employees of
the sales tax division; and to Mr.
measure,
appropria¬
Harry L?^inn, Director, and the
tion have been alloted to assist resents an
increase of approx¬
force.
Had the Legislature not
in financing the undertaking. In imately $681,000 over the previous
for the increase in income tax
endorsing Ketchikan's application year. This increase was realized
for Federal
funds, Gov. Ernest only because of the perserverance collections.
Both of these divisions were
Gruening of Alaska said that "the and loyalty to duty of the em¬
from
the Lanham Act
Ketchikan Public Utilities repre¬
sents
ments
one
the
of
finest achieve¬
utility
in
operation
in
the
ably assisted by Mr. A. H. Malone,
Chief Auditor, and his auditorial
ployees of this Department.'
Although confronted with a de¬
<
the
Had
force.
Bonds
Approved
the
to
An issue of
■;
voters
of
issue
an
t
1'■!
$12,300
3% funding bonds.
Panama
Offers
with
of
City, Fla.
connection
Rejected—In
the
tenders
for
call
recent
refunding bonds, Series A, AB,
C, D, E and F, issue of 1942, dated
1, 1942, J. S. Newbern, City
Clerk, reports- that the lowest
$11,000 3?/2% refunding bonds was
offer received was 107.00, but be¬
approved recently by the State
cause
the
refunding
resolution
Board of Education.
/.v.*'
• ';
-7.7:
'•
7 - - 7-. : provides that the
city can only
pay par plus accrued interest on
CALIFORNIA
said bonds, all offers
were re¬
Compton, Calif.
jected.
Sheridan School District,
*
Approved
—
Ark.
An issue of
Jan.
...
Planned—An
Election
election
be called in the near
is likely to
future to submit to the voters
issue of
an
park improvement bonds.
Pinellas County (P. O. Clearwater)p
Fla. 7
77;
Seeks
State
Orange
not
Legislature
—
$200,000 not to exceed 3% interest
refunding bonds has been ap¬
proved by the State Board of
Education. 7
7 ; :
Bonds
collections.
tax
;77: :■',77
■
Paragould School District, Ark.
in the
inspection fees,
liquor
shown
.
AND NEGOTIATIONS
We have set new records
a
release
77'-'.
Department
State and City
BOND PROPOSALS
production
drought,
widespread
Newport Beach
O. Santa
County,
School District (P.
Bond
Board
7
Validation 7of
The
Administration
which
filed a petition in Circuit
seeking the validation of
$100,000 special road and bridge
approximately $600,000
been kind enough to give us addi¬
in gasoline tax, because of ration¬
tional auditors, we would never
outstanding success in its field in ing, and a decrease of more than
have been able to have shown this
Alaska, but compares favorably $374,000 in*liquor and beer taxes,
with any similar operation any¬ "because of the increasing dry sec¬ great increase in sales tax and
where in the United States."
7 tions of the State and the scarcity income tax. - ' ' 1 > 77
ing bonds offered for sale on July
5 were awarded by Blyth & Co.,
and the William R. Staats Co., of
liquor and beer, we have
overcome
all of this and
have
shown an increase in our total
Craighead
Angeles, as 2s, paying a price
of 100.405, a basis of about 1.956%.
Dated July 1, 1944. Denomination
collections over the previous year.
Due $5,000 July 1, 1945 to filed in circuit court recently'for
1964.
The next highest bidder the validation of
$30,000 SBA re¬
Board of Education recently apwas:
Bank of America National funding bonds for
special road
proved the following $66,500
Trust & Savings Association, San and
bridge district No. 11, accord¬
bonds: I
7 'T.7;; •/"7T- ;''
Francisco, for 2ViS, at a price of ing to Florida press reports. . The
$40,000 refunding bonds.
101.10. 7
proposed issue would refund
r :./77;T 77Z;7;
26,500 construction bondsi
bonds dated Oct. .1, 1942, which
Placer
County,
Roseville Joint
Jefferson County, Watson Chapel
bear interest at 5%% and fall due
Union Highj School District
'School District No. 24 (P. O.
America.
It has not only been
ARKANSAS
(State of)
Tax Collections Set Record —
Gross tax collections for the fiscal
Arkansas
of
crease
of both
will probably represent
Thjs
Caraway),
Bonds
an
for
special tax collec¬
ended June 30, 1944, were
$36,710,539, the highest in
the
State's history, it is reported by
all-time high and we will not
Murray B. McLeod, Commissioner
of Finance. Receipts in the pre¬
ticularly
ceding fiscal period amounted to
total
year
$36,091,661.
The gasoline tax-and
the sales tax
were
the two most
many years see
tions reach this"
because we
have established -a new record, for
collections
three past years.
I particularly
productive revenue sources dur¬
ing the past fiscal year, the former
having returned $10,536,391, while
yield on the latter levy was $10.044,660. These totals compare with
$11,121,777 and $9,209,796, respec¬
tively, in the year ended June 30,
1943.
In announcing results for
the 12 monts ended June 30, last,
Revenue
Commissioner McLeod
tention to
stated in part as follows:
record.
the
for
each
of
Rural
10
Special
(P. O.
Ark.
Approved
—
The State
the
*
wish to call at¬
7
work of Mr. J. M.
a
steady increase
Bluff), Ark.
Approved—Recently
school bonds.
each year in
the cigarette tax coir
lections. In the year just past, he
shows
an
for
an
the
No.
;
;
a
(P. O. Roseville),
$15,0p0
Bends
the
3%
program.
School District
a
Oct.
refunding bonds to re¬
similar amount falling due
1,' 77.7
7
/
.
7
-..
77.
Polk
County Special Road and
Bridge District No. 11, Fla. j
Validation Suit Filed—Suit was
3 V2 %
Ej^ycation recently.
)(
J
T ,<T
•:$.
.k»ol U7if 7
}•!'
.)• t o
.
.
.
has
been'; called for July 25 to submit
7.
.
l.
;
?
7"
...
i •>".
of this
-T.
....
..l V
The refund¬
year.
will
bear
interest f!at
the. lowest rate obtainable at par,
and will mature Oct.
Punta
To Refund
Belleair, Fla.
Bond Election—An election
.
i
:
1
bonds
press
-
school bonds
ing
7 V.¬
-
FLORIDA
•
;!• ?
place
on
Oct.
of
issue
Approved L- An issue of
1
yl
-
.
(P. O. Prescott), Ark.
was
ngw approved by the JState Board of
" /
Calif.
Appmvedr—An
$75,000 construction, bonds was
approved recently by the voters
in
connection with a post-war
ap¬
14
County
14
Bonds
His collections
previous year set
'
Nevada
Increase of $273,000 for
all-time record.
district
$1,000.
Pine
Bonds
Whitt^more,-. Supervisor of the State Board of Education
beverage and cigarette division,; proved an issue of $50,000
who has shown
Los
Court
■
figure., It is parr
significant
County
School District No.
Ana), Calif.
J
7
Bond Sale—The $100,000 build¬
sion*
the
recently
.i
-
7
:
7.
Bonds—According to»
reports,
agreement with
•7*
1, 1955.
Gorda, Fla.
r: :r
City
entered
a
Commis¬
into
a&
syndicate con1*
V
Volume
Number 4297
160
THE COMMERCIAL & FINANCIAL CHRONICLE
«
sisting of Shields & Company, of
New York, Municipal Bond & In¬
vestment Company, of Memphis,
fiscal year of the City commences
165
being received by the City for all determined by computing the to¬
$18,000,000 bonds than any tal interest on all of the bonds to
revenue
combination of bids for different
their
of
parts thereof, in which event such
bid will be accepted.
The statutes
therefrom
,
of the
Oct.
1, and it will be obligated to
raise- in
each
fiscal
year
such
and Ogden & Companyof Fort amount as may be required to
Lauderdale, to refund $1,100,000 enable it to retire, either by pur¬
or
by
redemption,
an
outstanding bonds. The agreement chase
grants the three firms the exclu¬ amount of term bonds equal to the
sive privilege of working out a amount becoming subject to re¬
refunding plan to be presented to demption on Oct. 1 of such fiscal
the commission on or before Feb. year. If at any time the City shall
1 of next year. At that time, the
have retired, by purchase or by
plan, as set forth in a refunding redemption and purchase, an
contract, may be accepted or re¬ amount of term bonds in excess
jected. There is no financial ob¬ of the amount required to have
ligation on the part of the city, been retired up to that time, the
the refunders to obtain their fees City may reduce the amount to
prohibit
than
value
sale of the bonds at less
a
95
and
ders must
a
accrued
interest.
accompany
certified
not
the bonds
bid
par
Bid¬
their bids by
cashier's
or
amount
an
the
of
centum
per
for to
deducting
premium bid, if
any. No bid for less than par will
be considered. Said bonds are the
direct
obligations
of
the
said
school
levied and collected
taxable property within the school
per¬
township.
on
The approving opinion
of Ross, McCord, Ice &
Miller, of
Indianapolis, will be furnished the
accepted
successful
of
the
and
bid,
the
and to
bidder
be
fails
to
for the bonds awarded him.
pay
from the bondholders.. Outstand¬
be raised in the next fiscal year The City reserves the right to re¬
ing bonds now bear 2% interest, for term bonds by the amount of ject any and all bids. It is ex¬
but after another year the rate such excess. Term bonds may be pected that delivery of the bonds
retired by purchase
increases automatically to 3%/
only at a will be made within 30 days from
/
price less than par and accrued the date of sale.
St. Petersburg, Fla. ■
interest, and all bonds that may
West Palm Beach, Fla. (
>
;
Bond Offering — Jennie Cook, be purchased are required to be
Bond Call—Francis B. McGarry,
Clerk of the City Council, will re¬
cancelled forthwith.
City Treasurer, calls for payment
ceive sealed bids until 11 a.m. on
The faith and credit of the City at
par and
accrued interest, on
July 15 for the purchase of $18,will be pledged to the payment of
Aug. 1, 1944 all of the outstand¬
000,000 refunding bonds, Issue of
all said bonds, and the City will
ing refunding bonds of 1936, dated
1944, consisting of $12,000 serial
be obligated to levy and collect
Aug. 1, 1966, redeemable on any
bonds and $6,000,000 term bonds.
unlimited ad valorem taxes upon interest
payment date (F-A), ag¬
Said bonds are dated April 1,
all property taxable therefor, in¬
gregating $3,845,000 in principal
1944, bear interest at the rate of
cluding homesteads, in an amount amount, and constituting all of the
two and one-half per centum per
sufficient to provide for the pay¬
$10,774,875 refunding bonds of
annum, payable semi-annually
ment of principal and interest of
1936 which were issued under the
Apr. 1 and Oct. 1, principal and
said bonds. $1,022,000 bonds, con¬
provisions of Ordinance No. 23A,
interest
being payable in New
sisting of $690,000 serial bonds consisting of Nos. A-l to A-8048,
York City and will be issued in
maturing in the years 1945 to for
$1,000
each,
Nos.
B-l
to
of
the
bids
bidder
at
township.
will
be
the
considered.
certified check for $500,
the school
a
to
Marion
County (P. O. India-
of
$1,000 each in
coupon form with the privilege of
registration as to principal, or- as
to both principal and interest.
The
,
Oct.
on
of
1
bonds
serial
$12,000,000
mature
the
each of
set, forth below, in the
amounts set opposite thereto,
years
without
tion:
.
•:
option of prior redemp¬
,
.;
(000's Omitted)
,
itfatur-
Matur¬
Matur-
Ity
Amt.
1945,.-
$210
1946—
210
1958—
300
1970—
410
2947-,."
220
1959—-
300
1971—
420
1948—
Amt.
Amt.
ity
1957— $290
310
1960
230
ity
1969—
1972—
$400
430
3949—
230
1961
320
1973—
450
1950—
240
1962—
330
1974—
460
240
1963—
1975—
470
1976—
.480
1977—
500
1952—
250
1964—
340
350
1953—
260
1965—
360
1951—
1954—
270
1966-
280
The
-
370
1978—
510
1967—
380
1979—
520
1968-
270
1955—
1956—
390
$6,000,000 term bonds are
consecutively, mature
numbered
Oct.
1979, and all but $210,000
are redeemable
prior to
maturity at par and accrued in'ierest, at the option of the City,
on
interest payment
dates, but
only in numerical, order* on or
1,
thereof
after the dates set forth below and
In the amounts set opposite there¬
to:
napolis), Ind.
Warrant
a
syndicate composed of the Union
Trust
Co.,
American
National
Bank, Fletcher Trust Co., Indiana
National Bank, Indiana Trust Co.
and the Merchants National
all of Indianapolis, at
Bank,
0.75%, plus
premium of $44.
a
1944.
1945
to
the
in
years
will
be
taxable
property,
including homesteads,
within the present territorial lim¬
its of the City, excepting certain
1948,
inclusive,
payable from taxes
Dated July 31,
Denomination
Dec.
15, 1944.
$5,000.
Due
1<;
Richland
Township School Town¬
ship (P. O. Attica), Ind.
upon
the exception of (a) the bonds of
said issue aggregating $1,374,875,
which
have
been
July 5—v.
on
159, p. 2572—were
sold as 1V4S, at a price of 100.00,
a basis of about 1.216%.
Denomi¬
paid and can¬
nation
$500.
Due $500 July 1,
celled, and (b) the bonds of said
issue aggregating $5,555,000, which 1945, and Jan. and July 1, 1946
to Jan. 1, 1950.
The next highest
have been deposited for. exchange
property annexed to the City on
July 19, 1926 by Ordinance No.
470-A, on Apr. 28, 1925 by Ordi¬
nance No. 347-A, and on Dec. 15,
1920 by Ordinance No. 88-A and
Ordinance No.
89-A.
$3,182,000
bonds consisting of $2,130,000 se¬
rial bonds maturing in the years
1948 to 1956, inclusive, and $1,052,000 term bonds redeemable in
for
a
like
principal amount of re¬
the \ bonds so deposited
funding
bid
was
100.42
redemp¬
Payment of the principal
amount pf said bonds called for
or
on
which said bonds will become and
the years
JL948 to 1956,- inclusive,
will be payable from taxes upon
IV2S.
iowa
and the bonds called for
tion..
redemption will be. made on
after Aug. 1, 1944 (the date
for
Clinton, Iowa
Plans Airport Financing
The
City Council will meet on July 6
institute proceedings and take
to
action for the issuance of $214,000
be due and
the
Scottsville Gas Co.
LOUISIANA
Orleans Levee District (P. O. New
Orleans), La.
Bond
Call—Gervais
President
Board
of
/
F.
Favrot,
Levee
Com¬
missioners, reports that $1,788,000
31/4% and 3%% refunding bonds
are called for payment on Sept.
1,
"
Mr.
•'
:
Favrot "also
reports that
refunding bonds of the above dis¬
trict, bearing interest at 4%, A. &
O.,
aggregating
$1,392,000, are
called
for
Said
at
payment
bonds
the
State
Oct.
on
be
may
1.
;
redeemed
Treasurer's office
iri
Baton
Rouge, at the Hibernia Na¬
Bank, New Orleans, or at
Co., New
York City, at the holder's option*
tional
the Manufacturers Trust
Interest
on
ceases
date called.
>
MASSACHUSETTS
Brockton, Mass.
f
Note
Sale—The
offered for sale
p.
on
/.
$400,000 notes
July 5—v, 160,
57—were awarded to the Sec^
ond National Bank of Boston and
the
Boston Safe Deposit & Trust
Co., at 0.38%
discount.
Dated
July 6,1944. Denomination to suit
purchaser. Due Dec. 22,1944. The
next highest bidder was: Gold¬
man, Sachs & Co., at 0.425% dis^-
Other bidders
count.
—
value
at
Scottsville, Ky.
$400,000
4944.
on July
Bond
Sale—T.
G.
McKnight,
B-3327, for $750 each, Nos. C-l
to C-380, for $500 each, and Nos. Trustee, reports that the $5,000
offered for sale
D-l to D-lll, for $375 each. With building bonds
1948, inclusive, and $332,000 term
redeemable
The
—
1—v, 160, p. 56—were awarded to
-
bonds
Sale
warrants offered for sale
face
Plans Bond Issuance—The
City
Enclose
;
the
Payable
is planning to issue
$35,000 bonds
to
be used in purchase
of the
payable
township.
to
Chemical Bank & Trust
Co., New
City, in accordance with the
terms
of
the
Trust
Indenture
given to secure said bonds.
expense
No conditional
*"
denominations
bonds
$1,400,000.
York
all of the
forfeited in the event such bid is
formance
1944, all outstanding 3V2% bridge
township, payable out of
unlimited, ad valorem taxes to be
of
2%
secure
the
and
in
check
than
less
maturities
were
as
fol¬
lows:
Bidder—
Discount
Leavitt & Co.
National
(N. Y.
Shawmut
Harriman
Ripley
delivery)___
Bank, Boston-
&
Co.,
Inc.—_
0.4137*
0.44
0.445
;-
payable) on surrender airport acquirement and equip¬ First National Bank, Boston
0.446
bonds, accompanied by all ment certificates. A local news¬
taxable property, including home¬
Hopkinton, Mass. v
Feb. 1, 1945 and subsequent cou¬
paper discussed the proposal as
Note Sale Details—In connec¬
steads, within the present terri¬ pons, at the Irving Trust Co., New follows: The:;
city
council
last
torial limits of the City, excepting York.
tion with the sale of the $20,000
City, or at the Atlantic night set July 6 as the date for
certain property annexed to the
notes at 0.50% discount, report of
National
Bank1 ofi; West
Palm hearing objections and taking ac¬
which appeared in v. 160, p. 57,
City on July 19, 1926 by Ordi¬ B e a c h, West Palm Beach, or tion on 'issuance of
$214,000 tax
nance No. 470-A and on Apr. 28,
at
the
City Treasurer's office. anticipation certificates to finance Mary E. McCormack, Town Treas¬
1925
by Ordinance No. 347-A. Coupons maturing Aug.
urer, reports that the notes were
1, 1944 a Clinton municipal airport.
sold to the First National Bank of
$5,049,000 bonds consisting of $3,- and prior will be paid on pre¬
At the same time, hearing will
Boston.
365,000 serial bonds maturing in sentation and surrender of said be held on
levying the threethe years 1956 to 1967, inclusive,
coupons.
Interest ceases on date fourths mill tax on all taxable Middlesex County (P. O. East Camand $1,684,000 term bonds redeem¬
called.—
;
:
"
property in, the city tp,'retire the \;A;'
■ bridge), Mass. •,
able in the years 1956 to 1967, in¬
certificates. " It
is
proposed
to
PI«" ;):.vcdS
Note Offering —James Ci Mcclusive, 4! will be payable from
IDAHO
assess the tax each year from 1944
Cormick, Acting County Treas¬
taxes upon taxable property, in¬
through
1963
inclusive.
These urer, will receive sealed bids un¬
Hailey, IdahoV
cluding homesteads, within the
taxes
would
be
collected
each til 10:30
Bonds Voted
A recent elec¬
a.m. on July 11
for the
present territorial limits of the
tion resulted in favor of issuing year from 1945 through 1964 in¬ purchase of $425,000 notes at a
City, excepting certain property
clusive.
Dated
discount.
water
works
July 14, 1944.
purchase
annexed to the City on July 19, $65,000
It is expected the three-fourths
Denominations to suit purchaser
1926 by Ordinance No. 470-A. $8,- bonds.
mill levy will net about $13,408
v;;■
;;;iv -l
:OJ
but no note will be smaller than
747,000 bonds consisting of $5,815,annually.
Over the 20-year pe¬ $5,000. Due Nov. 9, 1944. Issued
ILLINOIS™*
000 serial bonds maturing in the
riod, the total would be $268,160. under General Laws Chapter 35,
years 1967 to 1979, inclusive, and
Lansing School DistrictNo. 1S8, III.
At the June 13 meeting,
the Section 37. The notes will be de¬
$2,932,000 term bonds redeemable
Election Held—An election was council voted
to
enter
into
an
livered on or about July 14, 1944,
in the years 1967-to 1979, inclu¬ held
recently to vote an issue of
agreement^ with the White-Phil¬ at the Second National Bank of
sive, will be payable from taxes $12,000 construction bonds.
lips Co., investment bankers, of Boston, against payment in Bos¬
upon all taxable property, includ¬
Roodhouse Township (P. O. Rood- Davenport, to advance money for ton funds and will be payable at
ing homesteads, within the pres¬
the airport project secured by tax
said bank or at the Chase Na¬
house), III.
ent territorial limits of the City,
Bonds Voted—An election held anticipation certificates.
tional Bank of New York.
The
without exception. *■
•
The airport commission is mov¬
recently resulted in favor of issu¬
notes will be authenticated as to
These bonds are being issued ing
ing rapidly to complete plans for genuineness by the Second Na¬
$35,000
road
improvement
for the purpose of refunding a bonds.
the airport. A survey of sites has
■
*
tional Bank of Boston, and their
like principal amount of outstand¬
been made and state and federal
legality will be approved by
Shelbyville Township (P. O. Shel¬ authorities have been consulted
ing bonds of an issue dated Apr.
Ropes, Gray, Best, Coolidge &
by ville), III.
for recommendations on fields un¬
1, 1937.
The : bonds have been
Rugg, of Boston, whose opinion,
Bonds Voted—An election held
validated by judicial decree of the
der consideration. Federal aid in
will be furnished the purchaser.
Circuit Court of the Sixth Judicial recently resulted in favor of issu¬ financing the project also is be¬
$35,000
road
improvement ing sought.
Milford, Mass.
Circuit of the State of Florida, and ing
,.»•
.,
bonds.
\
the
Note Sale—The Merchants Na¬
opinion, of
Messrs. Wood,
Forest City, Iowa
tional Bank of Boston was the
Hoffman, King & Dawson, Attor¬
Bonds Voted—W. C. Haugland,
Indiana
successful
bidder for
$75,000
neys, New York City, approving
City Clerk, reports that at the re¬
the validity of said bonds will be Liberty Township School
notes, at 0.35% discount. Due Dec.
Township cent
election
$30,000 hospital
furnished the successful bidder or
(P. O. Selma), Ind.
15, 1944. The next highest bidder
bonds were voted.
:'y;[■■p:' was: Second National Bank, Bos¬
bidders without cost. Bids for all
Bond Offering—Virgil R. Ruble,
..
of the
-
...
.
"
Amount
Optional Date
7
—
$100,000
October 1, 1945
-October 1, 1946
105,000
; 105,000—
October 1, 1947
October 1, 1948
1, 1949
1, 1950
1, 1951
1, 1952
125,000.
2-October 1, 1953
,>125,000—
-October 1, 1954
140,000
——.—October 1, 1955
,140,000——October 1, 1956
140,000
October 1, 1957
,145,000--—October 1, 1958
155,000—..
.—October 1, 1959
160,000October 1, 1960
165,000——October 1, 1961
165,000———October 1, 1962
170,000——October 1, 1963
175(000——October 1, 1964
180,000
—October 1, 1965
18 b,000—
October 1, 1966
190,000
October l,vl967
195,000———October 1, ,1968
205,000——October 1, 1969
?
210,000.——October 1, 1970
I 220,000
——October 1, 1971
225,000.—-——-October 1, 1972
V225,000——-October 1, 1973
235,000
—October 1, 1974
; 245,000
—October 1, 1975
255,000——October 1, 1976
: 255,000———October
1, 1977
265,000—
October 1, 1978
; 210,000
Not Optional
.
105,000
.115,000
October
.115,000^-——October
.125,000
i—October
125,000
October
-
.
•
,
.
term bonds may
The
be called
,
.
..
.
.
,
'
of the bonds bid for will
Trustee, will receive sealed bids
$18,- until 10 a. m.{ on July 19 for the
000,000 bonds, or fof just the $12,- purchase of $60,000 not to exceed
000,000 serial bonds°0r the $6,000,- 2school building bonds.
000 term bonds, and any bidder
Dated June 30, 1945. Denomina¬
may submit separate bids for the tion,
$1,000. Due $2,000 June and
serial bonds or the term bonds or Dec.
30, 1945 to 1959. Rate of in¬
or
none
be
received
bonds.
serial bonds
upon
to
-
be
redeemed,
publication of notice of
demption
in
a
financial
re¬
paper
all
the
A bid for less than all the
or
term
considered.
a
bid for less than
bonds
The
will
bonds
awarded to the bidder
or
not
date
than
fixed
60
for
days
prior to
redemption.
the
The
tire
1
a
1%
and
shall
The
be
the
bidders
has
will
$18,000,000 bonds is received
which will result in
terest to be
be
published in the City of New offering to pay the highest price
York, N. Y., not less than 30 nor therefor, unless a bid for the^ en¬
more
Indianola, Iowa
Bond Eelection—At
entire
both the serial bonds and the term
for redemption on or after the op¬
bonds
the
•'
tional date applicable to the par¬
ticular
for
higher price
be
not
in
multiples of
more
named
bonds
than
by
will
be
one
each
of
rate
to
highest responsible bidder who
ance
submitted
his
bid
in
accord¬
'with the notice of sale? The
highest bidder will be th&0I6he
who offers the lowest net interest
cost to the School
Township, to be
ton, at 0.364% discount.
i, Mich.
Bond
tered
Greenup County (P. O. Greenup),
-•■>/.;' : Ky.
.
$61,000
bonds
school
—
An issue of
building
revenue
has been approved.
Owensboro
1
Bridge Commission
(P. O. Owensboro). Ky.
Bond Call—A. S. Griffin, Chair¬
man,
•
michigan
calls for payment on Aug. 1,
Sale—The $153,000 regis¬
offered
bonds
for
sale on
159, p. 2572—were
awarded to the First of Michigan
June
Bonds Approved
•
election
KENTUCKY
bidder.
awarded
an
Sept. 18 the voters will con¬
sider an issue of $80,000 memorial
community building bonds.
on
30
—v.
Corp., of Detroit at
112.329, as follows:
$27,000 3V2 %
bonds.
6 000
price of
refunding Series G-
Dated
Due June
a
June
1,. 1941.
1, 1951.
41/4%. fire refunding Series
Dated June 15, 1933.
A bonds.
Due Dec.
I
15, 1951.
■
Vj
."If., H
9,000 41/4%, various public im~.
pnoyement refunding Series
A bonds. Dated June 15, 1933.
Due Dec. 15, 1951.
1,000
4%
refunding
Series F
bonds.
Dated Jan.
1, 1940.
Due Jan.
Due
May 15, 1952.
bonds.
Dated
1,
May
1939.
refunding Series G
3V2%
Due June
2%%
3,000.
1,
1941.
(P. O. Road, Rochester), Mich.
Bond Tenders Invited—Wilfred
Priebe, District Treasurer, will
tenders of refunding
H.
Jan.
15,
1937.
of
amount
Series
June
Dated
1,
F
(EWT) on July 10, 1944..,Tenders
fully describe bonds of¬
serial
including
fered,
state
numbers
which
for
sum
bonds
Offerings should be
firm for five days.
will be sold.
BloomReld
West
re¬
bids until 8:30 p. m.
ceive sealed
I, 1953.
July 11 for the purchase
5,000 414% park and boulevard of $30,000 not to exceed 3% in¬
Series A bonds.
Dated May terest
coupon school bonds.
15, 1933. Due Nov. 15, 1953.
Dated July 1, 1944. Denomina¬
2,000
4% refunding Series F tion $1,000. Due $6,000 April 1,
1945 to 1949.
Bonds maturing in
Genesee Township (fractional Sch.
1949 shall be redeemable in in¬
Dist. No, 14 (P. O. flint), Mich.
(EST)
on
.
Bond Offering—Edwin R. Wes¬
will re¬
District. Secretary,
ton,
until
bids
sealed
ceive
8
p.
m.
July, 10, for the pur¬
$15,000 not to exceed
interest building bonds.
(EWT)
4%
on
of
chase
Dated June
15, 1944. Denomina¬
tion $1,000. Due Aug.* 1, as fol¬
lows; $2,000 in 1945, and $13,000
in 1946. Rate of interest to be in
multiples of V4 of 1%.
Principal
and interest payable at the Citi¬
zens Commercial & Savings Bank,
Flint. Award will be naade to the
bidder whose bid produces the
lowest interest cost to the District
after deducting the premium, of¬
•
In determining the
fered, if any.
interest cost,
net
interest on pre-?
will not be considered as
mium
deductible and interest
on
bonds,
will be
computed from July 10, to
the respective maturity dates. No
bid for less than all of the bonds
will
considered.
be
District
The
is authorized and required by law
to levy upon all the taxable prop¬
such
ad valorem
be necessary to pay
therein
erty
taxes as may
bonds
the
within
and
Michigan
thereon,
prescribed
limitation
the
Section
interest
21, Article
Constitution
Xof the
and the
Michigan Property Tax Limitation
Act.
The
District
authorized
an
increase in the tax rate limitation
to 2.3%
for
of the assessed valuation
the
1945, at an election
held on May 23, 1944. Bids shall
be conditioned upon the unquali¬
fied opinion of Miller, Canfield,
Paddock & Stone, of Detroit, ap¬
proving the legality of the bonds.
The cost of such opinion shall be
year
paid ^ by
the
District.
Cost
of
printing the bonds to be paid by
the
bidder.
check
Enclose
a
certified
for 2%
of the bonds, pay¬
able to the District Treasurer.
|bonds.
Dated June 1, 1936.
Due June 1, 1954.
4,000
numerical
verse
order
upon
any
interest payment date prior to ma¬
1948,
upon payment of par plus accrued
interest.. Rate of interest to be in
multiples of lk of 1%. Principal
and interest payable at the Detroit
turity
and after July 1,
on
The bonds
were
offered for sale
by the Board of Trustees Police¬
and Firemen Retirement sys¬
tem. The next highest bidder was:
men
Miss.
Legality
deductible
as
in¬
and
bonds will be computed
on
from
Trust
Tenders W
Co.,
a n
t
e
N.
—
An paid.
15, 1944.
the
Mississippi (State of)
Mont h s' Revenues
Six
proach Full Year of 1941—Rev¬
enue collections by the State dur¬
six months
aggregated $17,408,837,
about
$1,000,000 below
during the entire year
ing the first
of 1944
or
only
receipts
of 1941,
$18,347,373, the
State
Tax
Commission
reports.
The State has a surplus of more
$8,000,000; in the treasury
and is the equivalent of being en¬
than
$21,000,000
mission has purchased
war
bonds to take care of direct
bonded maturities.
Other indebt¬
which
obligations
highway
from
serviced
of
consists
outstanding
edness
gasoline
are
tax
rev¬
the
in the month of June totaled
Revenues collected by
enues.
State
District
The
author¬
is
therein such
ad valorem taxes
as
be necessary to. pay the bonds
interest thereon, within the
may
and
limitation
prescribed by Section
Article X of the Michigan
Constitution
and
the
Michigan
21/
Property Tax Limitation Act. The
District authorized
an
increase in
to .,1.925%,
of the assessed valuation for the
the tax rate limitation
1944 to 1948, both inclusive,
election held on May. 17,
Bids shall be conditioned
years
at
an
1944.
opinion of
of Detroit, ap¬
proving the legality of the bonds.
The cost of such opinion shall be
paid by the District. Cost of print¬
ing the bonds to be paid by the
the unqualified
upon
Claude H. Stevens,
Enclose
for
2%
of
the
District Treasurer.
Bond
bonds
to
19
bonds, payable to
Cancelled—The sale
Sale
June
on
the
a
of the $30,000
of
First
the
school
Michigan
Corp., of Detroit, as l%s, at a
price of 100.03, a basis of 1.237%,
report of which appeared in v.
159, p. 2684, has been cancelled
due to a legal technicality.
all-time high of $999,the month, the tabula¬
tion
by
the
Tax
Commission
showed.. Since January 1 the com¬
mission has collected $17,408,837
yielded
an
compared with $15,477,995 for
same period in 1943.^ The oil
severance tax for June amounted
as
the
$76,805 whereas in June, 1943,
to
thq State collected no severance
tax on crude.
At that time the
.
yields.
Mont.
p.
Dist. No. 22
Bond
Offering —The District
un-
bids must be unconditional except
ney-General, who held that re¬
funding bonds cannot be issued
the same day that the option on
City
that
sealed
will
be
Treasurer,
bids will
accepted.
reports
be received
Price must be
quoted flat, all bonds tendered to
have Oct. 1, 1944, and subsequent
interest coupons attached.
Bonds
r
,k
as
Lodge, Mont.
Details—In
Sale
connec¬
tion with the sale of the $100,000
refunding water supply and water
system bonds to the Northwestern
National Bank '& Trust Co., of
Minneapolis, as 1.40s, at 100.305,
report of which appeared in v.
158, p. 2201, J. B. Kendrick, Jr.,
City Clerk, now reports that the
bonds mature
$10,000 Jan. 1, 1945
1954, and are redeemable at the
option of the city five years from
to
date.
Fergus County School Dist. No. 74
(P.O. Roy), Mont.
Bond Sale—The $25,000 build¬
ing bonds offered for sale on
June 30—v.
159, p. 2355—were
>
awarded
Land
to
the
State
Board
of
Commissioners. Dated July
to
fore
be¬
tified
the
? ':7
District
f
tization
Treasurer,;
?
r'
,
.
'
1
•
)./
Gen¬
y.
Manville,
N.
>
v
Passed
Ordinance
Bond
An
—
ordinance was passed recently by
the
calling for
Council
Borough
issue of $30,000 street improve¬
ment bonds.
i
V; *, ;
an
,
Monmouth Beach, N. /.
—
-
/
The bor-r
recently purchased $11,000
outstanding bonds from B,
Ingen & Co., Inc., New
ough
of
its
Van
York, at a price of 86.75, the total
cost of $9,5.42.50 representing
saving of $1,457.50 in principal.
Nebraska, purchase of the bonds which ma¬
ture Dec. 1, as follows: $2,000 in
braska, Central Nebraska, Eastern 1957, $5,000 in 1958 and $4,000 in
Nebraska
and
Northeastern Ne¬
Western
Nebraska
1959.
>
•
::
—
*
.
Divisions of the District.
In connection with
the call, of¬
NEW MEXICO
ficial announcement of which ap¬
Carlsbad, N. Mex.
peared in our issue of July 6, on
96, Mr. V. M. Johnson, Gen¬
of .the Consumers
Public Power District, has advised
page
eral
Manager
follows: "We see no reason
as
us
,
Sale—The $30,000 airport
Bond
acquisition bonds offered for sale
on
June 30
v.
159, p. 2356 —
were awarded to Boettcher & Co.,
—
why the holders of the bonds we of. Denver, ,as l%s, paying a
are
calling July 1 for payment price of 102.21, . a basis of about
Aug. 1 cannot present their bonds 1.319%. Dated May 1, 1944. DeT
$1,000. • Due
$3,000
paying agents on nomination
In other words, May 1, 1945 to 1954. The next
highest bidder was: Baum, Bernthey need not wait until Aug. 1
to ^present their bonds for - pay¬ heimer Co., at a price of 101.8885,
Other bidders were: as fol¬
ment, as the money for payment
of these bonds with interest and lows:
T
to the respective
and after
,
July 5.
tij
t
premium has been deposited with
the paying agents. If you care to
such
statement in your pa¬
a
Bidder—
County
''
,
Price '
101.8885
„
;
101.16
100.66
Co.
Carlsbad
National
Bank
"•:r'' ■ !'
:;i
Kimball
,
Bernheimer Co
Bosworth,
Chanute, Loughridge
Baum,
&
it is agreeable to us."
1
1
(P. O. Kimball),
T,|
NEW YORK
Neb.
Bond Offering—K. Linn, County
.Buffalo, N.Y.
Sale Details—In
\
,
•
..
i
Bond
connec¬
reports that sealed and
bids will be received at the tion with the sale of the $285,000
office of the County Commission¬ memorial hospital bonds to thq
ers
until 2 p.m. (MWT) on July City
Sinking Fund,
report;; of
10 for the purchase of $90,000 not which appeared in v. 160, p. 58,
to exceed 2V2%
coupon hospital Frank M. Davis, City Controller,
open
bonds.
Dated July
1, 1944.
bonds will be delivered
within 90
days, and no bid for less than par
and accrued interest or for less
Payable
at
will be ac¬
County
the
The County
will furnish to the successful bid¬
Treasurer's
der
an
office.
opinion of recognized at¬
■
A)',
will
bonds
I:
h'
'
be
the
first
New York
N. Y.
Note
•
Offering—The
receive
will
Authority
bids
sealed
until
(EWT) on July 12 for the"
2 p. m.
purchase of the following notes
(Issue VIII) aggregating $5,517,-*
000:
the bonds are valid
general obligations of the County,
will print the bonds without
$1,000,000 First Series.
517,000 Second Series.
500,000 Third Series.
charge or in the event the pur¬
500,000 Fourth Series.
$
chaser prefers to procure an opin¬
500,000 Fifth Series.
ion and print the bonds and pre¬
:.
500,000 Sixth Series
pare- the
necessary history, the
500,000 Seventh Series.
sum of $200
will be allowed for
500,000 Eighth Series.
the same.
500,000 Ninth Series.
,/
The
County will also accept
500,000 Tenth Series." '
bids on the bonds with the provi¬
Dated Aug. 14," 1944. Due Feb..
sion that the * County shall have
14,1945.
the option to issue the bonds and
Mutual Life Insurance Company of
request the money for the same
New York, N. Y.
at any time within one year from
Bond Sale—The $7,269,000 State
July 1, 1944. A certified check for
$2,000 payable to the County must and municipal bonds offered at
accompany each sealed bid.
Rep¬ public sale on July 5—v. 160, p.
resentatives attending the
sale will
58—were awarded
as
follows:
required to deposit a similar Halsey, Stuart & Co., at 105.577
amount with the County Clerk to $2,000,000 Illinois (State of) Re-'1
be entitled to bid.
lief
314 %
Bonds, J.
& VD.
Dated
Dec.
15,
1934.
Dye
NEW JERSEY
$500,000 Dec. 15, 1944 to J947;
be
"
r,
„
Shields & Co., at 112.9573
Atlantic City, fy, J.
Refunding Plan Approved—The
$295,000 Detroit, Mich., Park and
devel-
Playground Refunding Series
proposed
refunding
plan
.
.
City Housing Authority,
torneys that
the
purchase of $60,000 not to ex¬
Aug. 15, 1944. Enclose a cer¬ ceed 6% interest building addition
check for $300, payable to bonds. Dated July 1, 1944. Amor¬
on or
2355.
Southern
Columbus,
Elkhorn Valley,
cepted.
conditional
by the District. Delivery
appeared in v. 159, p.
the program
J.
reports that the
for redemption on
than all of the bonds
the old bonds expires.
1, 1944. Due in 20^years.
legality which may be made
upon the
opinion of Sheridan County Sch. Dist. No. 20
at the City Clerk's ' office until the above
attorneys. Blank bonds
(P. O. Plentywood), Mont.
7:30 p.rry on July 10 for the pur¬ to be furnished and paid for by
Bond Offering — H. W. Platts,
chase of refunding bonds, Series the aDistrict. - Bidders
District Clerk, will receive sealed
are
re¬
B. Only-offers of bonds below
par quested to use bid forms furnished bids until 8 p. m. on July 28 for
Reeves,
rate of interest for the pres¬
ent, debt of the city..
Details of
age
reports that the bonds were sold,
Denomina¬ at par, bear 4% interest, are dated
1—v. 159, tion $1,000. Due $6,000 in 1945 to May 1, 1944, and mature $57,000.
2573—was called by the Attor¬ 1959, optional after 5 years. Said May 1, 1945 to 1949.
Bond
Clerk will receive sealed bids
of County
that the
to exceed
bonds of¬
than 1% in the aver¬
more
Clerk,
Bond Sale Postponed—L. T. El¬
liott, Clerk of the Board
Commissioners, reports
sale of the $35,000 not
2% interest refunding
fered for,sale on July
District,
Power
Neb.
:
calls
would be
bonds
tion of
Aug. 1, 1944 all of the outstand¬ A
^saving in interest charges was
ing $40,974,00Q revenue bonds of als'o effected as a result of the
per,
County (P. O. Glendive),
; .// v
•
Public
Manager,
District
interest cost of the new
3.185%, a reduc¬
average
Repurchases Bonds
Bond Call—V. M. Johnson,
eral
run
MONTANA
Dawson
hear¬
The
plan is designed to save the city
not. less than $3,250,000 over the
life of the proposed new bonds. The
enabling ordinances provide for
.issuance of $20,433,000 of general
refunding bonds and $1,686,000 of
water refunding bonds.
Overall
missioners following public
ing in the City on June 29.
NEBRASKA
v:
city by Stifel, Ni-
Louis, in co-operation with Wainwright,
Ramsey
& ". Lancaster,
municipal financial consultants, of
New York, was approved by final
action of the city's Board of Com¬
payable to the District Clerk.
only
a
sales tax
income tax
yield during the month amounted
to
$1,624,380 as compared with
$1,621,989 for June. 1943.
oil
The Board of
the right to re¬
any
Consumers
for vthe
;
colaus-& Co.,;: of Chicago and St.
they will purchase
par.
and all bids and to sell
the said bonds at private sale. En¬
close a certified check for $3,000,
ject
The
collected
State
on
Deer
Independent Sch.
(P. O. Upsala, Minn.
tax
sales
434 during
MINNESOTA
Morrison County
same
/
statewide
2%
The
certified check
bidder.
in .the
month in 1943.
ized and
upon
received
was
at
bonds
when the total was
than
required by law to levy
all the
taxable property
terest at which
Trustees reserves
v
Ap¬
than
al^ of the bonds will be con¬
The bonds will be sold for
value with
accrued interest, and all bidders
must state the lowest Tate of in¬
not less than their par
$3,347,236, of nearly $100,000 more
New
d—Minnie
Approved
July 11, to the respective
maturity dates.
No bid for less
sidered.
are
bonds are
of such
until all
l3/4% bridge re¬
pair notes has been approved as
to legality by Charles & Trauer¬
nicht, of St. Louis. Dated June
of $15,000
of
considered
bonds
and
after
produces the lowest interest cost
to the District after deducting the
terest
School
the
&
tirely free of direct indebtedness,
inasmuch as the State Bond Com¬
till 11 a.m. on July 15 for the pur¬
York, chase of $14,000 not to exceed 2%
Mercantile-Commerce Trust Co., interest
coupon refunding bonds.
St. Louis, and Crouse,
Bennett,
Dated July 1, 1944. Denomina¬
Smith & Co., at a price of 111.974.
tion $1,000.
Due Aug. 1, as fol¬
lows: $1,000 in 1947 and 1948, and
Pontiac, Mich.
Place of
No Tenders Received—In con¬ $2,000 in 1949 to 1954.
nection with the recent call for payment to be designated by the
purchaser. The approving opin¬
tenders of Series B bonds, Oscar
ion of Dorsey, Colman, Barker,
Eckman, Director of Finance, re¬
ports that no tenders were re¬ Scott & Barber, of Minneapolis, to
be paid for by the District.
No
ceived.
bid for less than par and accrued
Royal Oak, Mich.
interest will be considered.
All
Banker
A. Saunders
M.
—
Trust Co., Detroit. Award will be
made to the
bidder whose bid
premium offered, if any. In de^
termining the net interest cost,
interest on premium will not be
of
If amortization
Board.
will-be t oped
bonds
choice
years from the date of issue.
If
Memphis purchased re¬ serial bonds are issued and sold
an
issue of $10,000 *3% they will be in the amount of
bridge repair notes. Dated June
$6,000 each, the sum of $6,000 of
1,
1944. Legality approved by the said serial bonds will become
Charles
&
Trauernicht,
of St.
payable on July 1, 1945, and the
Louis.
sum of $6,000 will become payable
Jefferson County (P. O. Fayette), on the same, day each year there¬
2% %
refunding Series G
bonds,
Dated June 1, 1941.
Due June 1, 1954.
-
Sale
Note
Note
refunding Series F
elor, District Secretary, will •
Oct. i, 1936.
Due Oct.
serial
second
the
Co., of
cently
issue
Mich.
choice-and
issued, the entire issue
issue of $15,000 3% bridge repair may be put into one single bond
or
divided into several bonds, as
notes has been approved
as
to
the said board of trustees may de¬
legality by Charles & Trauernlcht,
termine upon at the time of sale,
of St. Louis. Dated June 15, 1944.
both principal and interest to be
Choctaw County (P. O. Ackerman),
payable in semi-annual install¬
Miss.
ments
during a period of ten
Township School
District No. 2 (P.O. Pontiac),
1936.
Dated
bonds.
p.m.
Bond Offering—Colin B. Batch-
79,000, 314%
•
8
should
Due June 1, 1953.
\
until
$3,000
:
f
:•;■■■
Miss.
sold
Legality Approved —An
/
Note
Troy, Avon and Sterling Townships
Fractional School District No. 1
and
Series F
refunding
4%
bonds.
of tenders.
ance
MISSISSIPPI
r
Carroll County (P. O. Carrollton),
troit, within 10 days after accept¬
15, 1953.
Due Jan.
•
1, 1952.
refunding
Dated
bonds.
10,000
June
Dated
bonds.
delivered to
be
the Detroit Trust Company of De¬
F bonds, dated Feb. 1, 1938, to the
Due May 1, 1952.
5,000
.J.:'. J
p.
.
receive
Series
refunding
4%
1,000
shall
purchased
1, 1952/
1,000 4V2% art museum Series A
bonds.
Dated May 15, 1933.
by
Monday, July 10, 1944
THE COMMERCIAL & FINANCIAL CHRONICLE
166
•
.
I..
■
/:/
.
v
?*•
,.-..v.'
Volume-1 GO
/■' •
Number 4297
THE COMMERCIAL & FINANCIAL CHRONICLE
National City Bank of New York,
A 5 ¥2%
Bonds, A. & 0. Dated
1933. Due April 1,
follows:- $100,000 in 1946
April
V
as
</'
;• -
at" 113.01
:
;
Tenn.,
County,
Dated Sept.
Bonds,.M. & S.
,
1/1928. Due Sept. 1, as fol¬
$15,000 in 1946 to 1951
lows:
Mich.,; Public
Utility (Water Supply) 5¥2% y;; and $10,000 in 1952. ¥/:¥;/"///
Chemical Bank & Trust Co. of
Bonds, A. & O. Dated April
New York, at 128.88
1, 1921. "Due April 1, as follows: $50,000 in 1946, $100,000 $250,000 Norfolk, Va., School 5¥2%
.:
Bonds, A. & O. Dated Oct. 1,
in 1947 and $55,000 in 1948. ;
1921. Due Oct. 1, 1951.
/
.
1
)
¥//
.
Chase National Bank of New York,
at 109.05
;
New York, N.
...
$984,000 Detroit, Mich., Refunding
d
security which appears upon
one which should be de¬
,
)
Joseph D. McGoldrick an¬
nounced July 5 that he had sold
Correction
—
The
de¬
banking
in
each
case
by the partment, in a subsequent report sold to the highest bidder, at not
management of the savings bank dated July 5, announced that the less than par and accrued interest.
Enclose a certified check for $500,
on the basis of all relevant facts."
following securities are to be inThe removals of rail issues this eluded in the
printed list of se¬ payable to the Board of Education.
.
year are
or
entirely due to maturity
redemption. Under
to calls for
subdivision 7 of Section 235 of the
Banking Law, four rail issues of
a
par
value of $31,449,399 were
removed because of maturity or
for
calls
rail
ler
authorized* at the primary election
held on May 9. Said bonds will be
District of San Antonio, Texas.
termined
redemption,
under
and
subdivision 7-a of Section 235,
Y.
Sold—Comptrol¬
Revenue Bills
Series F 3 ¥2 % Bonds, J, & J.
; ' Dated Jan. 15, 1937. Due Jan.
/
ular
the list is
.,/
;■
Institution Second Series 4¥2 %;
.
;///% ///v^a; v;'/'
Detroit,
$205,000-
'/V
/'
$100,000 'i Shelby
and 1947, and $95,000 in 1948.
Ch/ase National Bank of New York,
d
117.61
at
1,
167
issues
$77,779,000
of
because
redemption.
with
were
a
value
par
12
of
either
removed
curities
for
savings
under date of July
Page 27; Central Vermont Pub¬
lic
Service Corp.: 1st 3¥43,
Series C. /v:
//V//;.
maturity or calls for
Under subdivision 7
235 the following is¬
considered
legal invest¬ Middleburg Heights (P. O. Berea),
banks issued
Ohio
1, 1944:
Bond Tenders Invited—May A.
Page 14: Chesapeake & Ohio Lorman, Village Clerk, will re¬
Railway Co.: Equipment Trust, ceive sealed tenders until noon on
l%s, 1944, due April 1, 1954.
July 17 of refunding bonds, is/
ments
/■
price tendered to the extent
about $20,000 par value.
;
•'
Utica, N. Y.
Certificate Offering—Bids
will
Ohio
15, as follows: $90,000 in 1945, by allotment $35,000,000 of rev¬
be received at the First Bank &
of Section
$121,000 in 1947, - $287,000 in enue bills dated July 6, 1944 with sues have been added to the list: Trust Co., Utica, until noon (EWT)
.1948,/'$316,000 in 1949 "and interest payable at maturity at a
$8,230,000 Bessmer & Lake Erie on July 12 on an offering of $1,V'
$170,000 in 1950.
' ;
rate of .0,55%, as„follows: /
Railroad Equipment Trust Certi¬ 000,000 City of Utica tax anticipa¬
Chemical Bank & Trust Co. of
Participant—
< •••':.
Amouns
ficates; $1,764,000 Cincinnati, New tion certificates of indebtedness,
iV
Municipal
$250,000
Mississippi
Highway
/
First
,
N.'Y.
Guaranty Trust Co. of N. Y._u
The
*
(State of).
Series "3% %,
{/.
v
Duev $125,000',: Aug.
1
&
Highway/ First - Series'" 3 ¥2%
;
Bonds, F, & . A. Dated Feb. 8,
•MF' 1938: . Due $10,000 Feb. 1,1950,
;i':
; $2,000 Aug. ; 1, 1951,
$10,000
.//'Aug. 1,-1952, $6,000 Feb." 1,
1953, $45,000 Aug. 1,>1953 and
.vi; $5,000 Feb. 1/1954.
..' .
-
d
;
Co.. of
New York, at 113.808 <
Mississippi
Due
1939.
>
V
$163,000 Feb. and
and
Aug. 1,
1953,
$93,000 Feb. 1, 1954.;
$166,000
'
The
,
Public' National
/ 490,000
Trust
The
,
'875,000
V 490,'000
Bank Trust Co.
MaMne Midland/Trust :Co; v
of
y:-:--—-—--
n.
?5o,ooo
—
Bank>and":
CemmerGial National
315,000
Co.
Trust
Trust Co..___i_^A"L
Brooklyn
States
United
Co,-
Trust
•-/ 280,000
of
Y.
Empire Trust Co.__/;-__^---i'/.;
Fifth
Bank
Avenue
Fulton
Co.
Trust
of
of
N-
Y-_
N.
Chase
The
the City
Bank
National
.
70,000
/.
.
:•
.*6,405,000
of N. Y._
La z aid
July
$13,000,000
Bonds—Comptroller
Freres
1945 to
1,
$100,000 Charlotte, N. C., Various
F Purposes 41/4"%
Bonds, M. &
C/; N. : Dated May 1, 1931. Due
y) - $50,000 May, 1, 1947 and 1948.
&
Co., jointly, at 115.760
$250,000 Cleveland, Ohio, Hospital
4 ¥2%'Bonds, A. & O.
Dated
FF
brr Feb;
1, 1929. Due Oct. «1, as
$50,000 in 1947 and
$100,000 in 1948 and 1949.
>•.
follows:
y>*U
/,-/
Lee Higginson Corp., at
il5.47
$200,000 Providence, R. I., Sewer
4¥4% Bonds, M. & S> Dated
,/
'jfj" March 1, 1929. Due March 1,
1949.
'
,
Lee Higginson Corp., at
$400,000
Tennessee
109.77
/
of)
(State
Consolidated Refunding 3 ¥2%
t
Dated June 1,
Dec! 1, 1947. ;"
Bonds, J. & D.
1937.
Due
Lee Higginson Corp., at
111.27
Dec/1, 1948. '//</;:/;■¥
:•
Bond
issues, with
a
value of
par
$187,488,000 .-have been added to,
and: issues having a par value of
Chemical
Bank
&
Trust
Co.
16
railroad
issues, and
of
New York,' 108.63
12
Territory of Hawaii,
and smaller po¬
subdivisions, 102 coupties,
132 school districts, 348 issues of
27 railroad corporations, and 133
bond issues of 58 public utility
336 cities, towns
litical
All of the
tric Power Revenue Series A
obliga¬
tions of the United States or
for which the faith of the
$935,000. Chattanopga, Tenn.,.Elec¬
public
utility issues. * The current, legal
list embraces the securities of 47
corporations.
States
is
those
United
pledged to provide
for
payment of interest and. principal
2%% Bonds, J. & J., Dated
are legal investments, as are all of
July 1, 1939. Due July 1, as the
legally issued /full faith and
follows: $75,000 in 1946, $80,credit obligations. of New York
h
000 in 1947,. $155,000 in 1948
State and its municipalities., /
J - and
1949, $135,000 in 1950,
In sending the published list to
$160,000 in 1951, and $175,000
the savings banks,. Mr. Bell said
in 1952v;.
■
in
an
introductory ..note*
"The
Harris Trust & Savings Bank of fact that a security appears upon
y Chicago, at 108.762
the list does not indicate that the
r
,
.
'
at
&
7-a
under
added
are
$7,820,000
-
Dawson, 48 Wall Street, New
City, will accompany the
York
certificates.
edness
Harlem
Railroad
Pohl
to
Series
on
No.
2,
June 30
2574—were awarded
Co., of Cincinnati as
a price of 100.626/a
basis of about 3.377%.
Dated June
1, 1944. Denomination $1,000. Due
J une 1, 1954.
/
,
Sandusky, Ohio
Bonds
Recommended
Unissued—C.
W.
R.
Brein-
issued.
/
Shaker Heights, Ohio
Considers
—
F.
ing, City Treasurer, reports that
$8,300 3% water front improve¬
ment bonds have not as yet beeh
Cincinnati, Ohio
Bonds
The
Utility
Shaker
Purchase
Heights,
Ohio,
—
City
City Manager, has rec¬ Council will consider an ordinance
to the City
Council on July 10- authorizing municipal
Detroit Railroad 1st and Refund¬ that an issue of $14,000,000 public acquisition of the Cleveland Im
terurban Railroad Co. properties;
ing 3%s, due 1968, Series D; $12,- improvement bonds be submitted
According to an announcement by
to the voters.
///-.////>/:/;//';////".r^
929,000 / Philadelphia
Baltimore
Mayor William J. Van Aken, the
and Washington Railroad General
///.:'/•; /;.
Elyria, Ohio ■./•:'/ /"//./ '/•
project will require the issuance
3s, due 1978, Series E, and $6,040,Bond Call —D. B. Symons,
of
$1,300,000 revenue/ bonds to
000 Texas Pacific-Missouri Pacific Clerk of
Council, calls for pay- cover the
purchase price and pro¬
Terminal> Railroad of - New - Or-, ment'On
Aug. 1, 1944 water works vide
$50,000 of working capital.'
leans 3%s, Series A, due 1974.
refunding bonds, Series 1937-1; The
bonds, he said, would be of¬
The
principal removals from Nos. 181 to 187 and Nos. 189 to
fered for sale at competitive bid¬
the railroad list are
$28,264,399 252.
Funds for the payment of
ding. Commenting on the proposed
California Arizona Lines 1st Re¬ said bonds will be on
deposit at
purchase, Mayor Van Aken sqid:
funding 4¥2s, due 1962, Series A the Chemical Bank & Trust Co.,
"While I never have been anl
and B, which were called for pay¬ New York
City, on and after said
advocate of municipal owner¬
ment by the Atchison, Topeka and date/ and
bonds should be pre¬
ship, the advantages accruing to
Santa Fe Railway prior to ma¬ sented there for
payment on Aug.
Pennsylvania,
Ohio
and
Kellogg,
ommended
.
(
*
turity
date;
$28,483,000
Pennsyl¬
vania, Ohio and Detroit 1st and
Refunding 4¥2s, due 1977, Series
A,
Baltimore
Shaker Heights from the transact
1/1944 with Feb. 1,1945, and sub¬
tion
sequent coupons attached.
////"'■; ■■¥/// Galion, Ohio ://'.'./!//'
Bond Sale — A syndicate com¬
Co., of
Toledo, Braun, Bosworth & Co.,
Inc., McDonald & Co., of Cleve¬
land, purchased at par, on June
6, $350,000 1%% water works im¬
provement revenue bonds. Dated
July
15,
1944. Denomination
$1,000. Due July 15, as follows:
$13,000 in 1945 to 1947, $14,000 in
1948 to 1950, $15,000 in 1951 to
1953, $16,000 in 1954 to 1956, $17,000 in 1957 to 1960, and $18,000 in
posed
1961
to
1966.
Optional in inverse
our
The
life line.
rapid
By plac¬
ing Shaker Square only 11 min¬
utes from downtown Cleveland,
&
of Siler, Roose
obvious;
are
transit is
it played a vital part in making/
Shaker Heights America's fin-;
est suburb.
By bringing it un-
der the control of the
ity which it
the
serves,
J
commun-!
we
insure
continued operation of our
life line in
a
by
best interests.
our own
way
dictated only
"Negotiations and arrangements
the proposed financing have
been worked out by the invest¬
for
ment firm of McDonald & Co.
C.
Mr.
B.
McDonald, a resident of
Shaker Heights, made available
15* 1954, or
payment date his firm's services without cost or
par/ Legality to be future commitments of any kind.
tric Company; $45,000,000 North¬
approved by Squire, Sanders & If or when the bonds are offered
ern Indiana Public Service Com¬
in competitive bidding McDonald
pany,
1st 3y8s, due 1973, Series Dempsey, of Cleveland,
& Co, should make the highest
C; $4,000,000 Pennsylvania Elec¬
Marion, Ohio
tric Company 1st 3¥8S, due 1973,
Bond Sale —The $35,000 hos¬ bid," naturally the bonds will be
and $12,500,000 West Penn Power
awarded to them, otherwise not/'
pital bonds offered for sale on
1st 3s, due 1974; Series L, have
Efforts
of Shaker Heights to
July 1—v. 159, p. 2685 — were
numerical order July
on
interest
any
thereafter
been added.
Removals
awarded
in
the
;
at
to
the
public utility Bank of Marion
National
as
Is,
section because of disqualification
City acquire the traction line may be
paying a complicated by a local syndicate
price of 100.05, a basis of about which also is interested in pur¬
1st 3¥2s, due 1965, of
0.99%.
Dated Jan. 1, 1944. De¬ chasing
the utility, for private
Central Power & Light nomination
$1,750.
Due
$1,750 operation, according to Cleveland
Co., and 1st 3¥2s, due 1964, of the July 1, 1945 and Jan. and July 1, press advices of recent date. This
Public Service Company of Colo¬
1946/to Jan. 1, 1955.
The next possibility is said to have prompted
rado.
highest bidder was: J. A. White the move toward municipal own¬
Monmouth County, New Jersey;
&
Co., for P/4S, at a price of ership. The property, it is noted,
Trenton, New Jersey; Providence, 100.31.
■//.'.//■. :A///%/ i'/':/."/ is owned #by several Cleveland
Rhode
Island,
and
Petersburg,
banks and was acquired by them
include the
the Jersey
Virginia, have been reinstated to
The list of municipalities, whose
Mason School District,
Bond
Offering--L.
A.
Ohio
Voorhis,
debt, in whole or in part, is con¬
eligible for savings bank
investments.
Fargo, North Da¬ the purchase of $10,000 4% heat¬
$150,000 Nashville, Tenn., School Banking Department considers it kota, has been added to the list ing plant bonds.
Dated July
15, 1944- Denom.
Building
and
Improvement a proper investment under all of municipalities.
The
3 ¥2.% Bonds, J. & D.
principal removals J from $1,000.
Due $1,000 Sept. 1, 1945
Dated •circumstances : for the funds of
yy: Dec. 1, 1933. Due Dec. 1, as. any individual savings bank; -The the; municipal list are the Board to 1954; Bidders may bid for a
i '.
follows:?: $67,000/in 1946 and question ; of whether a :•* savings of Education of the City of« Chi¬ different rate of interest in a mul¬
-1947 and'$lb;0004ml948. ^ ¥• bank should purchase a • partic¬ cago, and the Independent School tiple of ¥4 of 1. These bonds were
through foreclosure in 1937. As
one of these institutions is under
sidered
District Clerk, will receive sealed
bids until noon on July 15 for
court
jurisdiction during liquida¬
tion, sale of the property to the
city would require approval of
Common Pleas Court.
-■>-
•
p.
&
3¥>s, paying
....
-
liquidating,
159,:
—v.
OHIO
York
Mortgage
bonds, 1.47%.
bonds offered for sale
.
,
unchanged at 1.15%, and
Parma, Ohio
subdivision
of New
Ohio
held
/' Bond Sale—The $30,000 indebt¬
the
Auburn Township School District
Railroad, Pennsylvania Rail(Pt O. Burton), Ohio
road,
Pere Marquette Railway,
Bonds Voted—The $135,000 con¬
Southern Pacific Company, and
struction bonds were voted at the
Southern Railwav Company.
recent election.
and; $12,929,000 Philadelphia,
and Washington Gen¬
eral
4¥2s, due 1981, Series D,
sidered by the Banking Depart¬
which
were
refunded
by
the
ment to he-eligible for purchase
Pennsylvania f Railroad.
There
by savings banks of this state, ac¬
have been substantial deductions
cording to an announcement July
in the outstanding issues of sev¬
1 by Elliott V. Bell, Superinten¬
eral railroad corporations result¬
dent of Banks.
/
/
ing in the total par value of rail¬
The securities added to the le¬ road bonds on the
Department's
gal list include five municipali¬ legal list falling by about $150,ties, 18 railroad issues, and four 000,000 since the' 1943 list was
public utility issuesi The removals published.
from the legal list, which is made
In the public utility section of
public by the Superintendent an¬ the new list $11,300,000 1st and
nually at mid-year, include the Collateral 3s, due 1973, of the
obligations. of six municipalities, Blackstone Valley Gas and Elec¬
states and the
Tennessee
(State
of)
Consolidated
County Reim¬
bursement 3 ¥4% Bonds, J. &
D.
Dated June 1, 1937." Due
$100,000
¥>
-
$382,687,000^have been removed
from, the list of securities con¬
Bros., and Eastman, Dil-
Lehman
Ion
(State of)
Legal Investment List Issued—
Co., at 111.78
&
York
New
; '/
d
each, ,/payable
Chemical Bank & Trust Co. of the
tral
483,000
\
1949.
$50,000
the
for 10 lower grade
for the fiscal year 1944. They will
be
issued
in
denominations
of
issues totaling $18,of/the following roads
4s, due 2043, Series A and B; $28,-
*
Additional
City of Utica
remains
ment/trust
and
$35,000,000
War
the 1944 list by
compliance with subdivision 7.
Under-subdivision 7-a, equip¬
in
have
The index for 10 high grade bonds
of
were
Law appear upon
Also
/';/ *105,000
•Registered form.
the tax levy of the
out
City of New York, to bear interest
included in the at the lowest rate bid therefor,
1943 list by benefit of subdivision payable at maturity.
The legal
7-a of Section" 235 of the Banking opinion of Wood, Hoffman, King
which
163,000
70,000
•
of
redeemed
be
Unchanged—
for 20 Ohio bonds stands at 1.31%.
issued
be
have been added: New York Cen¬
v
Title Guarantee and Trust Co.-.
against and
will
Index
municipal
unchanged
during the past week. The yield
July 14,1944, and ma¬
ture Nov. 14, 1944.
certificates
on
market
to be dated
The
/
(State of)
Co., Cincinnati, ad¬
July 5 as follows:
Prices
of the Louisiana & Arkansas Rail¬
way
175,000
140,000
140,000
.
.
Due $20,000
Certifi¬
210,000
■
/
Continental Bank and Trust Co.
Joseph
D. McGoldrick announced July 7
$200,000
Omaha,
Neb.,'; Sewer, that he had
purchased an addi¬
■/:
Series of 1929, 4¥2% Bonds,
tional $13,000,000 of 2% Treasuryt
M, & S ; Dated March 1, 1929.
bonds for account of various sink¬
Due March 1, 1949.
/.y
ing funds/ thereby increasing to
National City Bank of New York,
$63,000,000 the city's total sub¬
V ~ at 111.07
scription to the Fifth War Loan
$100,000 Hudson River Regulating offering. The city, the Comp¬
t /; Dist., N. Y., Sacandaga Resertroller added, now has more than
/
voir Series D 4.70%
Bonds, $224,000,000 invested in Treasury
t.
J. & J.
Dated July 1, 1925. securities.
;
;
Trust
Equipment
Rail¬
Railroad
Bank of New York:
'i
Buys
->.■•-
Lee Higginson Corp., at 117.63
Pacific
cates; $1,924,500 Perkiomen Rail¬
road 1st and 2nd Series 3¥2s, due
Kings County Trust Co., Brook-
$250,000 Missouri (State of) Road
t y
Series R 4% Bonds, M; & N.
d
Dated Nov. 1/1931. Due Nov.
" 1, 1948.
and.Trust Cov_
/ lyn; N. Y.—
Halsey, Stuart & Co., at 114.924
I
Corn. Exchange
N.
(State of)
Highway Second Series 3 ¥4%'
Bonds, F. & A. Dated Feb. 1,
¥
Bank
York Trust Co.—1,015,000
The New
•
$422,000
2,170,000
l;715,000
Texas
r
:■
'
Trust
way
:
and
1951,;, ;$1,500,000 Port Reading
1st 3¥2s, due 1956, and
of N.vY..^-.—-—;
1,470,000
$462,000 Wilmington & Northern
Irving Trust Co
—.1,470,000 Railroad General
5s, due 1982.
Bank' of' The Manhattan Co./..
1,400,000
J; P. Mofgan & Co. Incorporated
1,050,000 V The 1st 5s, due 1969, Series A
Chemical
New York, at 115.245
&
H 2,415,000
and
Co/-'
Ttust
$78,000 .■;Mississippi v( State/./ of),
Chemical/Bank
Bank
First National Bank of the City '
of
Trust> Co.
Orleans
Cq.J——,/./ 2,275,000
Trust
Hanover
Central
1,
$5,425,000
> 4,480,000
:
Trust Co.-H——_r—_
Manufacturers
1945 and Feb, 1, 1946. :///;/ /
Chemical ;Bank
National 'City Bk. of
Bankers
Bonds: F. & A.:.; Dated Feb. 8,
1938.
vised
.
New York, at 103.515
of
J. A, White &
;/.
.
of July 1, 1937, Bonds will be
purchased at the lowest lawful
sue
1973,
.
]
/
Bond
Springfield, Ohio
Ordinance
ordinance
has
been
Passed
—
passed
An
au¬
thorizing the issuance of $15,000
V •
i
Monday, Jul)* 10, 1944
FINANCIAL CHRONICLE
THE COMMERCIAL &
168
The next highest bidder was John
duction for any tax or taxes, ex¬ paid on account of such bonds
and equip¬
Nuveen & Co.
.
cept
succession
or
inheritance during the life thereof, the
ment bonds:
Dated March 1,
amount of premium offered,
if
Rutherford County (P. O. Murtaxes, now or hereafter levied or
1944.
Denomination $1,000. Due
over
and above the face
freesboro), Tenn.
assessed thereon under any pres¬ any,
$3,000 Sept. 1, 1945 to 1949. Pay¬
amount of the issue. General ob¬
Consider Bond Issue—It is re¬
ent or future law of the Common¬
able at the City Treasurer's office.
ligations payable from ad valorem ported that the County Commis¬
wealth, all of which taxes the
taxes
within the taxing limita¬ sioners
Vermilion, Ohio
County assumes and agrees to pay.
may vote $300,000 school
' / ':,Vr
Bond
Sale—The $8,250
storm The bonds will be sold to the tions imposed by law upon school bonds. !
districts of this class. The enact¬
sewer bonds offered for sale on
highest responsible bidder, pro¬
texas
July 1—v. 160, p. 60—were award¬ vided such bid is not less than ment, at any time prior to the de¬
ed to J. A. White & Co. of Cin¬ par
and accrued interest.
The livery of the bonds of Federal Brazoria County (P. O. Angelton),
cinnati, as 114s, paying a price of highest responsible bidder shall be legislation which in terms, by the
;v.:/ ■/<, Texas'
.■■'
100.35, a basis of about 1.17%. the one who, having complied repeal or omission of exemptions
Bond Sale—A syndicate com¬
Dated June 15, 1944.
Denomina¬ with the conditions of sale, offers or otherwise, subjects to a Fed¬
eral income tax the interest on posed of the First National Bank
tion $1,000, one for $250. Due Dec. to take the whole amount of the
bonds
of a class or character of Houston, First National Bank
15, as follows: $1,250 in 1945 and issue at the lowest interest cost
which includes these bonds, will, of Angelton, First National Bank
$1,000 in 1946 to 1952. The next to the County, which shall be de¬
at the election of the purchaser, of Freeport, First Capitol State
highest bidder was: Ryan, Suther¬ termined by deducting from the
Bank of West Columbia and the
amount of interest to be relieve the purchaser from his
land & Co., for iy2s, at a price total
First State Bank of Brazoria, pur¬
of 100.34.
paid on account of such bonds obligations under the terms of the
chased recently an issue of $250,during the life thereof, the contract of sale and entitle the
000 court house and jail refund¬
oklahoma
amount of premium
offered,1 if purchaser to the return of the
ing bonds as 1.10s.
-'y-.iy
;
any,
over
and above the face amount deposited with the bid.
2 xh %
apparatus
fire
Calumet, Okla.
Election—An election was
Bond
held July 6 to
issue of
an
ers
submit to the vot¬
$35,000 not to ex¬
water system
ceed 5%
bonds.
Clinton, Okla.
'
Voted
Bonds
—
held recently the
000 bonds were
At the election
following $252,-
voted:,
/
bonds.
disposal plant
$192,000 water system
9,000
•
sewage
bonds.
25,000 fire department equipment
./bonds:''<.;;-■ '/: -'.V
■ V' /■'.- :/'•
26,000 street department equip¬
ment bonds.
'
.
;
Norman, Okla.
C. Barrow-
Offering—T.
Bond
receive
Clerk," will
City
man,
sealed bids until
8 p.m. on July 11
General ob¬
amount of the issue.
ligations payable from unlimited
ad valorem taxes. The enactment,
These bonds are
the
issued subject to
favorable" opinion
of
Town-
send, Elliott & Munson, of Phila¬
at any time prior to the delivery delphia, and will be delivered to
of the bonds of Federal legisla¬ the purchaser only if and after
tion which in terms, by the re¬ the proceedings authorizing the
peal or omission of exemptions or issuance thereof have been ap¬
otherwise, subjects to a Federal proved by the Department of In¬
income tax the interest on bonds ternal Affairs. Enclose a certified
of a class or character which in¬ check for 2% of the face amount
cludes these bonds, will, at the of the bonds, payable to the Dis¬
the'purchaser, relieve
purchaser from his obligations
election of
the
the contract of
under the terms of
trict Treasurer.
|
south carolina
;
and
able
opinion of Townsend,
Elliott
Munson, of Philadelphia, and
will be delivered to the purchaser
&
purchase of $15,000 water only if and after the proceedings
Due $5,000 in 1947 authorizing the issuance thereof
to 1949.
The Bonds shall be sold have been approved by the De¬
to the bidder offering the lowest partment of Internal Affairs. En¬
rate of interest and agreeing to close a certified check for 2% of
the face amount of the bonds, pay¬
pay par and accrued interest. En¬
close a certified check for 2% of able to the County Treasurer.
Space
chased
000
& Co., of Savannah, pur¬
recently an issue of $12,refunding bonds. Dated
3%
for the
June
works bonds.
$1,000.- Due $1,000 July 1, 1945 to
1956. Principal and interest pay¬
able in lawful money at the Citi¬
zens and Southern National Bank,
the amount bid.
North
Tahlequah, Okla.
Bonds Voted—An
election held pipe line, series
favor of is¬
suing hospital building construc¬
tion bondsv,
oregon
County (P.
land), Ore.
Port'
O.
Voted—The County Reg¬
Bonds
istrar reports
election
an
that at the primary
issue of $4,000,000
permanent road
construction
bonds was voted.
;
Springfield, Ore.
Scheduled—The
City Council has instructed Don¬
ald Husband, City Attorney, to
take steps to call an election to
submit to the voters the following
bonds aggregating $29,000:
$12,000 fire truck purchase bond;?.
10,000 sewers bonds.
'[■.#? ■
7,000 city park bonds, <
Election
Bond
pennsylvania
;
Allegheny County (P. O. Pitts'
burgh), Pa.
.
O f f e r i n g —Robert
Bond
G.
Woodside, County Controller, will
receive sealed bids until July 25
for
the
East.
purchase of $3,000,000
Due Aug. 1, 1945
fered
for
sale
were
Denomination
Augusta. Issued for the purpose
of retiring a like amount of bonds,
dated July 1, 1924, diie July 1,
1944,
pursuant to the provisions
7319, et seq., Volume 4,
for 1942,
of Section
Code of South Carolina
and
ley, Secretary Board of Directors,
will receive sealed bids until 8
(EWT)
p.m.
on
—
San
Sanders,
McNeil
reports that
$126,305, 3-5%
permanent im¬
provement refunding bonds, dated.
Oct. 10, 1936, maturing Oct. 10,
1966, optional at any time on and
after Oct. 1Q, 1937, being all the
outstanding bonds of this issue,
are
Treasurer,
called for payment on
Aug. 1,
First National Bank
of San Augustine.
Interest shall
at the
1944,
date called.
cease on
;
-
Spring Hill Rural High School
(P. O. Boston), Texas
Bond Sale—L. H.
Dist»
Griffin, Super¬
intendent, reports that the $15,000
Bond
connec- school house bonds offered for
tion with the sale of the $15,000 sale on May 20—v. 159, p. 2023—
Texas
Sale Details—In
23/2% sewer and water
works re¬
sold
were
Kindred
& Co.,. of Austin, report of which
appeared in v. 159, p. 1815, T. O.
Buchel, City Comptroller, reports
funding bonds to Barcus,
3s.
United States
-
1,
Award
1944,. and mature $1,000 May
1946 to 1960, redeemable on
1,
group
30
Authorities
nationwide
Housing
Local
bonds are dated May
that the
as
united states
Notes
A
—-
headed
banks,
of
by the
New
days' notice on and after May 1, York, ' and
including,
among
1949, by publication in a local others, the National City Bank
and the Bankers Trust Co., both
newspaper.
/
of New York; Bank of America
Freeport tndepependent School
National Trust & Savings Asso¬
District, Texas
ciation of San Francisco, Union
Bond Sale—The $80,000 school
Trust Co. of Pittsburgh, National
bonds offered for sale on June 30
Bank of Detroit, Northern Trust
—v. 160, p.
61—were awarded to
Co., Chicago, and the New York
Rauscher, Pierce & Co., of Dallas,
Trust Co., New York, was the suc¬
as 11/4s, paying a price of 101.07,
cessful bidder for $14,868,000 of
a
basis of about 1.208%.
Dated
the grand total of $19,632,000 local
June 1, 1944. Due June 1, as fol¬
housing authority notes and issues
lows: $10,000 in 1945 and 1946, and
offered for sale on July 6—v. 160,
$15,000 in 1947 to 1950.
p,
62,
The banking group pur¬
chased the following: $8,100,000
Houston, Texas
i Chicago Housing Authority, 111.,
No Plans For Bond Issuance
W. H. Maunsell, City Controller,Jnotes at..49%; $202,000 Lakeland
reports that the City has no plans Housing Authority, Fla., $6,276,000
for the issuance this year of the Los Angeles County Housing Au¬
$100,000 general improvement thority, Cal., notes, at .52%, and
,
Chemical Bank & Trust Co.,
„
the Board of Trustees
funding
bonds.
105.3475. /
coupon re¬
Dated
Denomination
July
$1,000.
15,
Due
$20,000 in 1945
1961, and $19,000 in 1962.V Bids
will be received for the entire is¬
to
sue
at
Treasurer's of¬
the
holders, at the State Treas¬
urer's office, Austin, or at the
Chase
National Bank, New
at the County
fice
tennessee
Lewisburg, Tenn.
<
Sale—The $130,000 water
Bond
works
bonds
July 5
—
awarded
ities
v.
to
offered
159, p. 2576
the
sale on
for
were
Secur¬
—
Nashville
Co., of Nashville, as 2s, pay¬
ing a price of 102.51, a basis of
of the above rates of
about 1.818%. Dated July 1, 1944.
interest but no bid combining two
Denom. $1,000. Due July 1, as fol¬
different rates of interest will be
Leonard & Lynch, and Glover &
lows: $2,000 in 1945 to 1951, $4,000
accepted. Registered as to prin¬
MacGregor, both of Pittsburgh as
in 1952 to
1960, $5,000 in 1961,
cipal only. The bonds and the
3s.
Dated June
15, 1944.
Due
$6,000 in 1962, $10,000 in 1963 to
interest thereon will be payable
$1,000 June 15, 1945 to 1954.
1965, $20,000 in 1966, and $19,000
without deduction for any tax or
in 1967. The next highest bidder
> Erie
County (P. O. Erie), Pa.
taxes, except succession or inher¬
was
Hermitage
Securities Co.,
Bond Offering—Harvey M. Wil¬ itance
taxes, now; : or hereafter
Nashville, for 2s, at a price of
lis, County Controller, will re¬ levied or assessed thereon under
York
the option of
at
City.
94,500 5% county bridge, Issue of
1929, bonds. Dated July 10,
1929.
Due in 1945 through
$290,000 Shreveport Housing Au¬
thority, La., notes, at .56%.
Salomon
Bros.
& Hutzler, of
New
York,
the
were
for
bidders
den Housing
successful
the $1,488,000 Cam¬
Authority, N. J., $1,-
010,000 Norfolk Housing Author¬
ity, Va., $500,000 Seventh Series,
Holyoke Housing Authority, Mass.,
notes, at .51%, and $523,000 Eiehth
Series, Holyoke Housing Author¬
ity, Mass., notes, at
small premiums.
.52%; all plus
: i
^
;
virginia
102.509.
Arlington
.
(P. O. Arling*
County
ton), Va.
Bonds Not Yet
—In
connection
Offered For Sale
with the play¬
ground bonds voted in the elec¬
held in November, 1943, the
tion
County Manager reports
bonds remain unsold.
that the
'
^
Wisconsin
Milwaukee County (P. O.
kee), Wis.
Bonds — The
recently approved
Milwau*
Issue
County
mendations
of the Finance Com¬
To
Board
mittee for the issuance
airport bonds.
•
recom¬
of $640,000
,:
bonds now out¬
alberta
original issue
>Alberta (Province of)
of $162,000. - Payable at the
To
Pay Interest — S. E. Low,
County Treasurer's office, or
at the Chase National Bank, Provincial Treasurer, is notifying
holders of bonds which matured
successor to the Seaboard Na¬
tional Bank, New York City, July 15, 1939 and Jan. 15, 1942,
that the province will pay inter¬
at the option of the holder.
1965, being all
any
,
or
.
standing of an
•
^
:
>
until
Call
Bond
County
resolutions duly
July 10 for the
1, 1%, IV2,
purchase of $359,000
1%, 2, 2 V4 or 2x/2%
July 15, as follows:
funding bonds offered for sale on
June 12 were awarded to Moore,
Augustine County (P. O.
Augustine), Texas
'
to 1954.
re¬
1944.
15,
:
$16,000 in 1958, as iy2s.
San
■'■■
' -.-v
adopted by bonds.
of the Dis¬
Jefferson County (P. O. Beaumont),
trict.
The bonds constitute valid
Texas
ing a price of 100.546, a basis of
and
binding obligations of the
Bond Call — Dwight Morrison,
about 1.18%. Dated June 15, 1944.
Denomination $1,000.
Due June District, payable both as to prin¬ County Treasurer, reports that the
15, as follows:
$3,000 in 1946, cipal and interest from an ad County has exercised the option
valorem tax, without limitation as
granted by Article 720, Revised
$5,000 in 1948, $4,000 in 1949,
to rate or amount on all taxable
Civil Statutes of the State, of 1925,
$3,000 in 1950 to 1952, $6,000 in
property in the District.
Ade¬ to call for payment on Aug. 1,
1953, $5,000 in 1954, $4,000 in 1955,
$5,000 in 1956 and $4,000 in 1957. quate provision has been made for 1944 at par and accrued interest
The
next
highest bidder was: the levy and collection of said tax. the following bonds:
;/VZ.
Singer, Deane & Scribner.
• :■ Legality approved by Huger $572,000 5% court house refund¬
Sinkler, of Charleston.
ing, Series 1930, bonds. Dated
Port Allegany, Pa.
South Carolina (State of)
Apr. 10, 1930. Due in 1945
Bond Sale—The $20,000 flood
Certificate Sale Details—In con¬
through 1970, being all bonds
control bonds offered for sale on
nection with the sale of the $777,now outstanding of an orig¬
July 3—v.
159, p. 2686—were
inal issue of $1,000,000. Pay¬
awarded to Moore,
Leonard & 000 certificates of indebtedness by
the State Sinking Fund Commis¬
able at the
Guaranty Trust
Lynch of Pittsburgh, as l%s, pay¬
Co., New York City.
ing a price of 100.78, a basis of sion, to the Chase National Bank
94,000 4% county office build¬
about 1.61%, Dated July 15, 1944. of New'York, at 105.60, report of
ing and jail bonds.
Dated
Denomination $1,000. Due $1,000 which appeared in v. 160, p. 61,
it is now reported that thfc Na¬
Mar. 15, 1934.
Due in 1945
from Jan. 15, 1946 to 1965.
tional City Bank of New York and
through 1965, being all bonds
Scranton School District, Pa.
the Robinson-Humphrey Co., of
now
outstanding of an orig¬
Bond Offering—Jacob Eckers- Atlanta, submitted a bid of
inal issue of $134,000. Payable
awarded to the First National
Bank of North East, as IV4S, pay¬
1944.
Bond
$45,000
June 26
on
funding bonds.
Blakely, Pa.
Sale —The
$10,000
Pa.
water
1944, bonds of¬
Sale—The
Bond
recently resulted in
Multnomah
1954, as 2s, and $167,000
maturing Aug. 1, $50,000 in 1955
and
1956, $51,000 in .1957, and
in
000
Cuero,
,
purchaser to McCormick County School District
the return of the amount depos¬
No. 24 (P. O. Plum Branch),
s.c.
ited with the bid.
These bonds
are
issued subject to the favor¬
Bond Sale—Johnson, Lane,
entitle the
sale
$49,-
1952, $48,000 in 1953,
000 in
.
Bond
Sale Details—In
tion with the
court
house,
connec¬
sale of the $616,000
office and jail re¬
est at the rate of
V*k% in respect
half year
ending July 15,
of the
1944, being at the rate of $11.25
for each $1,000.
Holders of de¬
bentures which were due Jan. 15,
3
p.m. any present or future law of the
funding bonds: fo Barcus, Kindred
"
Nashville, Tenn.
for the pur¬ Commonwealth, all of which
& Co., of Austin, report of which
Bond Sale—The $250,000 water
taxes
the District
assumes
and
$200,000 1/4, %, 3/2, %,
1939, will be paid interest at the
appeared in V.1 160 (p. 61, it is
%, 1, 11/4f IV4, 1%, orli/2% cou¬ agrees to pay. The bonds will be works revenue bonds Series 1944
now
advised that the" Ranson- rate of 2 V2%rfn respect of the half
sold
to the highest responsible offered for sale on July 5—v. 159,
pon refunding bonds.
Davidson
Co., of Wichita, and year ending, July 15,1944, being at
Dated Sept. 1, 1944. Denomina¬ bidder, provided such bid is not p. 2686—were awarded to Halsey,
the rate of $12.50 for each $1,000,
Pohl & Co., of Cincinnati, were
tion $1,000. Due $50,000 Sept. 1, less than par and accrued interest. Stuart & Co., and the Nashville
associated with the above named Payment will be made upon pre¬
1946
to 1949.
Bids will be re¬ The
highest responsible bidder Securities Co., as 2s, paying a
sentation of debentures for nota¬
in the purchase of the bonds, pay¬
ceived for the entire issue at any shall be the one who, having com¬ price of 100.011, a basis of 1.999%.
tion thereon of such payment at
ing a price of 100.22, a net interest
of the above rates of interest but plied with the conditions of sale, Dated July 1, 1944. Denom. $1,000.
cost of 1.7475%, as follows: $449,- any branch of the Imperial Bank
no
bid combining two different offers to take the whole amount Due July 1, as follows: $10,000 in
of Canada
in the Dominion of
000 maturing Aug. 1, $41,000 in
rates of interest will be accepted. of the issue at the lowest interest 1946 to 1948, $11,000 in 1949 to
Canada, or at the Bank of the
1945, $42,000 in 1946, $43,000 in
Registered as to principal only. cost to the District, which shall 1953/ $12,000 in 1954 to 1958, $13,Manhattan Company, New York
The bonds and the interest there- be determined by deducting from 1000 In 1959 to 1961, $14,000
in 1947: $44,060 in 1948 to 1949, $45,- City..
i.'
©n
will be payable Without de-; the total amount of interest to be 1962 to 1965, and $10,000 in 1966. 000 in 1950, $46,000 in
ceive
sealed
(EWT)
on
bids
Aug.
3
chase of
1951, $47,-
.
_
@FedFRASER