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MONDAY
&,
ADM
r
JUL 13 W43
"0 '
0
IflRARY
'A
ommetciaL
;{.
Reg.
Volume
New York,
Number 4193
158
AND
STATE
S.
U.
Office
Rat.
Price 60 Cents
N. Y., Monday, July 12, 1943
Copy
a
DEPARTMENT
CITY
BOND PROPOSALS AND NEGOTIATIONS
from
/Gen. & Refund., Series B AVzS,
In This Issue
State and
FLORIDA
City News
Escambia County (P.
O. Pensacola)
Bond
J.
York
New
New
York
Stock
Curb
State
Board
powers
Thatcher, Ariz.
I \ \ Bonds Voted—At
June
issue
an
Below)
the
election
on
of
list of
the
Board
of the
State Constitu¬
Co.,
New
York
.Holders of said bonds
fied
all
to
City, the
*
V
are
bonds.
The
coupons
attached,
bonds
new
after
that
shall
New
has
been
value
par
15,
1943,
of
York,
June 26,
1943
of this Company, payable September
to stockholders of record at the close
August 20, 1943.
business
J.
callable
be
plus accrued interest upon
interest payment date.
FAST, Secretary.
R.
The agreement further provides
that the refunding agents are to
Pigeon Grove
(P.O. Cissna
Tp.
iy^0:SfJ.y)% Park) III.
■.
Bonds Voted—At
recent elec¬
'
a
/
receive
compensation from the
no
city, but may make a reasonable
charge to holders of outstanding
bonds for the
exchange of old
tion
sue.
stated
by
Clerk and
road
of
is
and/or
securities.
:
ILLINOIS
-
Tp. (P. O. Watseka), III.
Bond
Details—In
Sale
tion with
the
connec¬
of the
sale
$50,000
2V2S, as noted here
—v.
157, p. 2302—it is now re¬
ported by the Township Clerk
that the bonds were purchased at
par by Ballman & Main of Chi¬
cago. Due $5,000 in 1945 to 1954
road bonds
as
incl.
7777V777lr: :V
a
Pending—The
INDIANA
Marion County (P.
Chicago, III.
O. Indiap~
apolis) Ind.
Warrant
be
will
Offering—Sealed bids
10
until
received
a.m.
July 14, by Ralph" F.
County Auditor, for the
purchase of the following tax an¬
ticipation
warrants
aggregating
$625,000: $400,000 general fund,
and $225,000 county welfare fund
(CST),
Moore,
on
Interest rate is not to ex¬
notes.
ceed 5%.
Dated July 30, 1943. Due
Dec.
15, 1943. Payable at the
County Treasurer's office.
Bids
must be made upon the form pro¬
vided
by the Auditor and ap¬
proved by the Board of Commis¬
sionerswithout additions, inter¬
on
lineations
1
.
by
$200,000 airport bonds.
re¬
bonds, unfil July 20, at
The city has $25,000 in the
sinking fund for the purchase of
Belfnont
of
ance
of certifi¬
8 p.m.
such
bonds
Quincy, III.
funding
to
have
to
issuance of $70,000
Bond / Issuance
Hasti,
City
Treasurer, that he will
indebtedness
said
are
improvement
margin.
wide
Edward
sealed tenders
receive
cates
Invited—It
Tenders
voters
City Council is said to have under
consideration the proposed issu¬
Sebring, Fla.
Sealed
the
approved the
bonds for the new refunding is¬
.
'
Broadway
26
.
of Twenty (20) Cents per share
declared on the capital stock without
dividend
A
1963, and on or
at par
any
COMPANY
to be non-call-
are
date
LINE
PIPE
THE BUCKEYE
as
bonds of the city.
able until May 1,
noti¬
Additions
crued 'interest,
on*, date
named.
Butler, Pa.
..
; Interest ceases on Aug, 15.
CALIFORNIA
Dubuque, la.
t'
Florida (State of)
1
7;V Richmond, Calif.
7
Los Angeles, Calif.
Gas Tax Ruling Rehearing De¬
Tacoma, Wash.
Bond Call—Clyde
Errett, Au¬
nied—The State Supreme Court
Woonsocket, R. I.
ditor of the Department of Water
Chesapeake & Ohio Railway has denied a rehearing on its re^and Power, is calling for pay¬
Co. Equipment Trust Issue of 1943 cent
decision
that
the Florida
ment on Oct. 1, Department of
l%s, Ser. to May 1, 1953.
gasoline tax
is levied against
Water and Power 3% Series "B"
dealers, not consumers, and there¬
Withdrawals
Electric
Plant
Refunding\ Rev¬
fore Federal agencies were not
enue bonds* issue of 1940, to the
Alameda, Calif.
exempt until the recent Legisla¬
amount of $22,000,000.
Alton, 111.
ture passed an exemption act.
Dated
Oct, 1, 1940, maturing
Clarksburg, W. Va'.
The
Federal
Department
of
Oct. 1, 1976, redeemable in whole
Fitchburg, Mass. r
Justice had sought to enjoin col¬
or in part at the option of the
Joliet, 111.
lection of the tax on Federal
purgDepartment on Oct. 1, 1943, at a
Kokomo, Ind.
1
chases.
v;V'7^77:777''M ■. ■'
yy, yz
redemption price with respect to
Lakewood, O.
Approximately $800,000 in taxes
each such Series "B" Refunding
Mansfield, O.
paid on Federal purchases be¬
Revenue bond equal to 104% of
Marion, O.
tween Feb. 15, when Comptroller
the principal amount thereof plus,
Ogden, Utah.
J. M. Lee started collecting
revenue
the outstanding
present their bonds, with
interest
named
are
tained the consent to the refund¬
the paying agent, where redemp¬
tion will be made at par, plus ac¬
Certificate No. 59—Bulletin No. 5
$465,000 electric/system
of
paying agent.
for
I
legal investments
savings banks:
25 the voters authorized an
the
has elected to exercise its
option to call for payment on
Aug. 15, Escambia Co., Fla., 6%,
Road Paving bonds Nos. 1353 to
1417, to the amount of $65,000.
Dated Aug. 15,
1921. Due Aug.
15, 1951. Notice of redemption has
been
filed
with the
Guaranty
25, showing the final changes to
date in the municipal section of
ARIZONA
to
successor
tion,
Trust
,
that the State Board of
Article IX
Miscellaneous
*
Comptroller
Secretary of the
of
Administration,
of County
Commissioners of Escambia Co.,
Fla., by virtue of Section 16 of
Exchange
exclusive
refunding agents provided that on
or before one year from the date
of the agreement they have ob¬
ing group
as
Administration,
Unlisted Securities
-
Call —State
Lee,
announces
Exchange
Out-of-Town Listed Markets
'See Index
M.
DIVIDEND NOTICE
$2,000,000 l
ing of not less than $1,000,000 of
Fia.
QUOTATIONS
and
1973
to
The above mentioned bank¬
1973.
RR., Imp. 4s,
April 1, 1947.
(Failure to meet mtge. provisions)
Corporation News
1945
will consist of term bonds due in
Jan. 2, 1997.
Phila.- & Reading
v
or erasures
and
no
other
form of bid will be considered and
.
,
is
Called—It
Warrants
stated
McCahey, President of
that J. B.
.
accrued unpaid inierest in each case, accrued un¬
paid interest thereon to redemp¬
in
.
+
each case,
tion
Peabody, Mass. y
• • ^7
Peoria, 111. r;
Rockford, 111.
:
Springfield, O.
Steubenville, O. ,
Wilmington, Del,
'1
Zanesville, O.
(Failure to furnish the Bank
Commissioner with up-to-date fi¬
nancial information.) r
•'
/■'
,,
date.
required to be
redemption, ac¬
These bonds are
surrendered
,
*
.
'
1
*
for
companied by all interest cou¬
pons, if any, maturing on or after
said redemption date, at the City
Treasurer's office, or at the option of the holder at the National
.
fronj
U. S. agencies and the date of the
new exemption law, has been im¬
pounded pending completion of
the
litigation,
/y^y'y
'/
:7,,7
:7:-7v"77, Lake Worth, Fla:p>:
Ratified
—The City Commission is said to
have
approved
unanimously
a
resolution approving, adoping and
^77/ confirming an agreement entered
Central Falls,
Refunding
Agreement
R.
/.
City, la..77-,
% into between the city and a bank¬
•:<
/ (The
debt of the
foregoing ing group comprising Thomas M.
cities
and:
the
proportionate Cook & Company, of West Palm
COLORADO
amount of the county debt ex¬
Beach, Fla., B. J. Van Ingen & Co.,
ceeds 8% of the assessed valua¬
Inc., and Churchill, Sims & Co.,
Pueblo Water Works Dist. No., I
tion of the taxable real property.)
Inc., of New York City, providing
(P. O. Pueblo), Colo.
Chicago Heights, 111. - 7"
for the refunding of outstanding
Bonds Called—The City Treas¬
bonds of the city issued under the
Wyandotte, Mich, y
•
urer
is said to have called for
(Due to default) 7/ y
1936 general refunding plan. This
■ r
payment on July 2, bonds Nos.
Oregon Short Line Railroad Co. refunding
agreement
embraces
101 to 140, part of an issue of
(unstamped) First & Consolidated outstanding indebtedness amount¬
$180,000, dated Jan. 2, 1928, in de¬
5s, July 1, 1946.
*
•
'•
ing to approximately $3,787,000,
nomination of $1,000.
(Those not stamped and guar¬ consisting of callable bonds due
Payable at the City Treasurer's anteed
by Union Pacific Railroad Nov. 1, 1966, and bearing interest
office or at the First National
Co.)
at a sliding scale ranging from 3%
Bank, New York City.
Oregon Short Line Railroad Co.— to 5%. Subject to validation pro¬
First & Consol. #s, Dec. 1, I960
ceedings, which will be instituted
CONNECTICUT
Income, Ser. A 5s, July 1, 1946 shortly, the agreement proposes
Connecticut (State of)
(Failure to pay dividends)
that outstanding bonds will be ex¬
Changes In List of Legal In¬ Reading Co.—
changed for new series C bonds to
Gen. & Refund., Series A 4%s, be dated
vestments—The Commissioner of
May 1, 1943, of which
Jan. 2, 1997.
Banks issued a bulletin as of June
$1,787,000
will
mature serially
City Bank, New York City.
terest ceases on date called.
In-
.
Sioux
,
'
no
alteration shall be made in the
.
.
the Board of Education,
payment
on
July 2, the following
anticipa¬
Education tax
of
Board
called for
tion warrants: "7\
"
1942.
Fund,
to
1942,
the
Nos.
T-225,"'dated Jan. 26, 1942.
these
of
Holders
warrants
are
Room 352, 228 North La
St., on or before July 1,
1943, in order that same may be
cago,
-
payable
upon,
IOWA
required to present them to the
Board of Education, City of Chi¬
Salle
bid
warrants
to the Board of Commissioners.
dated Feb.' 2,
B-1722,
Playground Fund, 1942.
Nos.
P-59 to P-91, dated Feb, 24, 1942.
Free Text Book Fund, 1942, Nos.
.<
Bids
1942,
:'u;777^%r
T-145 to
.
an
;
Fund,
April 1, 1942.
Building
B-1092
must be
affidavit of
non-collusion as provided by law,
The opinion as to the validity of
prescribed.
accompanied by
\;V.v77; said warrants shall be furnished
Nos. by the bidder. Enclose a certified
E-692, dated March 2 and check for 3% of the par value of
Educational
E-311 to
form
.
V.K;
Alton, Iowa
Bond Sale Details—The
$10,000
2% refunding bonds sold recently
to
the
First
National Bank
&
Trust Co.
Sioux Falls—v.
of
158,
42—are in denoms. of $500 and
mature Dec. 1, as follows: $1,500
from 1944 to 1947 incl., and $1,000
from 1948 to 1951 incl.
p.
verified and interest computed so
that cash warrants
drawn
city treasurer may
be
on
the
Dundee. (P.
Bonds Authorized—The
Village
passed an
ordinance calling for the issuance
$14,000
sewerage
plant bonds.
Lewistown
treatment
;.
III.
proval by the voters of $9,000
bonds.
157
183
Securities
Unlisted
Markets—Listed and
Canadian
181
Unlisted
City Department:
Proposals and Negotiations. 145
and Investment News 154
Dividends Declared and Payable.., 151
State
and
Bond
Redemption Call and Sinking Fund
road
151
Notices
The
election
is said to have resulted in the ap¬
imnrovement
Stock
Other
Exchange....... 173
Exchanges.
.....178
Curb
York
New
General Corp.
.
Tp. (P. O. Lewistown)
Bonds Voted—A recent
Stock Exchange........
York
New
O. Dundee, III.
Council is said to have
of
Page
Quotations:
payment thereof.
East
INDEX
issued in
Course
Foreign
Combined
Federal
Member
ment
of
Bank
Clearings.....
Rates..
Condition Statement
Reserve
Banks
of
154
Banks...v
Condition
184
154
Exchange
State¬
154
♦Ml'
146
:
KANSAS
Sch.
No.
Dist.
1
O.
(P.
Wichita), Kan.
received
8
until
p.m.
July
on
15, by Louis F. Gerteis, Secretaryof
Treasurer
the
Board
of
Edu¬
cation, for the purchase of $60,*
COO refunding bonds. Interest rate
is not to exceed
Lenom.
5%, payable J-J.
15,
15,
$1,000.
Dated July
Due $6,000 from July
1943.
1944
v
at
1%
2%
to
ples of
all
for
bonds
such
re¬
in multi¬
Bids will be
any part of
or
the
and
Board
ex¬
pressly reserves the right to allot
said
bonds
or
portions thereof
bidders in the
highest bid is not for
the entire issue,
Principal and
interest payable at the office of
several
among
event the
the
sale
ject
in Topeka.
bonds is sub¬
Treasurer
State
The
to
of these
available on 'the
amount ' of
assessments
or ;
Bids
furnished
forms
blank
above
the
by
The approving
Secretary.
opinion of DePew, Stanley, Weigand & Hook of Wichita, will be
furnished.
Enclose
a
certified
check for 2% of the total amount
bid.
/
KENTUCKY
Bar dwell,
J
Ky.
Offered to
Bonds
{
Public—The
3%
semi-annual
bonds aggregating $57,000, are being offered by Stein
Bros. & Boyce of Louisville, for
following
.
funding
general investment:
$36,000 electric light and
revenue
bonds.
power
Due July 1,
1944 to
1946, $3,000 in 1947, $2,500
in 1948, $3,000 in 1949 and
1950, $3,500 in 1951, $3,000
in 1952, $3,500 in 1953, $3,000
in 1954, $3,500 in 1955, and
follows: $2,500 in
as
$500 in 1956.
water
21,000
bonds.
the., net-' total interest
works
revenue
July 1, as fol¬
Due
$1,000 in 1944 to 1948,
$1,500
in
1949,
$1,000
in
$1,500 in 1951, $1,000
1952, $1,500 in 1953 to
1950.
1959, and $500 in 1960.
the property
the counties where
fee
office
Magoffin County (P. O. Saly«rsJ
ville), Ky*
$100 par value for the new bonds
"Completion of the refunding
w_ould
leave the 6oiihty v with
jail
bonds, issue of Nov. 1,
1928; road
bridge funding 6% bonds, is¬
sue of March 1, 1930, are advised
that a hearing will be held at
the office of the State Local Fi¬
and
charges on these and the new re¬
1, 1943.
Denom.
$1,000 arid $500.
Callable in in¬
verse huitierical order on any in¬
1943*44.
"Judge; Smith, estimated ^that
the county's 20-cent bond tax levynance Officer, Frankfort, on July would
yield $27,000 to $30,000—
22, at 10 a.m. .(CWT), to consider Treasurer Howse estimated it at
the petition of the county for ap¬
$30,000—this fiscal year to meet
proval of the issuance of bonds to
the currently outstanding
bonds of the above-described is¬
refund
year
July
the
from
$7,000 to $10,000 to apply to fu¬
together with interest- ac¬ ture principal maturities. ;
unpaid thereon.
"Howse
said that • if the; de¬
faulted interest does not exceed
McCreary County (P.O. Whitley
sues,
crued and
City) Ky.
$60,000,
approximately
$40,000
Offering—Sealed bids will would remain in the sinking fund
be received until 10 a.m. (CWT), to be used for future payments.
Cora Crabtree,
Cdunty Cleric; for the purchase of
$113,000 f4% road and bridge re¬
funding bonds.
Interest payable
on
July" 17,
A-O.
Due
Denomination $1,000.
follows: $3,000 in 1943 to
and $4,000 in 1946 to 1971,
callable at the face amount plus
accrued interest on any interest
County's new! moye tc
"Perry
by
came
Of Rural Electric Units-—"A rul¬
ing that Kentucky's 26 rural elec¬
co-operatives are subject to
State and local taxation was made
taken up at the
National Bank, Cincin¬
must
bonds
Lincoln
be
tric
nati, O., within three days after
the successful bid is accepted. Bid
final by the Court of Appeals to¬
forms and other, information may
day. '
// ;
be obtained from the above Coun¬
;
"The Appellate
Court ruling ty Clerk.
Enclose a certified
was put into immediate effect au¬
check for $5,000, payable to the
tomatically when the tribunal re¬ County. '
fused to reconsider its March 26
decision in a test case brought by Perry County (P. O. Hazard) Ky.
,
Electric
Co-Operative Association of Dan¬
Rural
ville.
....
"In that decision the high
Seeks
to
Louisville
Refund
"Courier
1' July 3 reported
court
County Circuit Court for
further action."
to Perry
and franchise taxes.
The statute,
was
designed
to
re¬
by the 1937 Legislature, establish the county's credit.
"County Judge J. A. Smith and
permitted the co-ops to pay anual $10 fees in lieu of taxes.
County Treasurer Harry C; Howse
testified before Harry R. Lynn,
"The State property tax of 50
local finance
officer, seek¬
county
a
per
for
faulted
bonds.
be paid from, and such bonds
Jhalr have the same lien on, the
jp
proceeds of the special tax pro*
sided by Act. No. 2 of the Legisla¬
te
The
treasurer
of the State at the Extra Ses¬
sion
bf
1927;
the
as
bonds
re¬
funded/.
'
;/Eachv bid must be accompanied
or cashier's
responsible bank or
;rust company in the sum of $150,)00, payable to the order of the
Board of Levee Commissioners of
oy • a
certified check
iheck upon a
,he Orleans Levee District, to se¬
cure
the faithful performance of
the terms of. the bid.
All
-
bidders must
to ac¬
agree
cept delivery of the bonds in New
Orleans, on or before Aug. 25,
1943, and pay the purchase price
thereof
interest
accrued
and
thereon, if any, upon tender of the
bonds by the Board, together with
the preliminary opinion of Thom¬
son, Wood
Hoffman, of New
Vork, as to the validity of the
All bids must be uncondi¬
bonds.
tional.
Orleans) La.
•
received
be
W.
by
be
awarded
to the bidder whose bid
produces
the lowest interest cost
deducting the
premium offered, if any, Interest
on premium shall not .be
consid¬
ered as deductible in determining
the net' interest cost, and interest
will be computed from July ! 1/
Parish
(P. O.
Lees ville),
issuance
$75,000 bonds will be submitted
to the voters at
election, sched¬
an
M. Duffourc,
Board of Com->
missioners, until 11 a.m. (CWT),
on
July 29, for the purchase of
$2,906,000 reparations refunding,
Secretary of the
Note
Sale
Clarence
Town
—
Treasurer
E.
Second
the
National
Bank
of
Boston at 0.35v% discount.
Due in
Interest rate six months from date of issue.
exceed 3%, payable F-Af
Medfprd, Mass.
the/tax
increase
5%
for
period- of
1943 to 1947, both in¬
a
unqualified - opinion of
the
upon
the purchaser's attorney
approv-,
ing the legality of the issue. The
cost of such opinion and of the
printing of the bonds will be paid
by the purchaser. Enclose a cer¬
tified check for; $1,000/ payable to
the District.
/
,'•/'
'•.'-yV '.
v.
vy,.
•
J".
' '/• g\; •/.•£»/ \
•.
/.
< •;
»
/
,
Detroit, Mich.
v
City
Time
part
OnPay-Go Basis / First
Decade—rWe quote in
In
as
follows
from
articlle
an
which appeared in
the July 4 is¬
sue of the Detroit
"Free Press":
"Don't sell Detroit short," was
th^
admonition
Saturday;
of
George Engel, auditor general, as
noted an $18,000,000 better¬
ment in the city's fiscal position
with the year's end June 30.
v
he
"Detroit is back
its
feet fi¬
nancially; its bonds bring
a sweet
on
premium, and while the war and
huge influx of new citizens have
brought problems, we are better
prepared
to
face
them
than
at
time in this generation," Engel said.
"High spots in the year's ac¬
complishments include:
any
"Wiping out of a $4,600,000
deficit, the headache of
inadequate budgeting and wel¬
floating
fare loads of other
years
the
ago
debt
Four
years.
amounted
to
$14,000,000.
^ ;
"Carrying over to ease the new
year's tax levy of $1,700,000 of
additional
the
surplus, it is probable
surplus
mate for
will
are
balanced,
be
$500,000 to
than the esti¬
budget purposes.
"Reduction; of
bonded
in
Chapman states that
$100,000 notes were offered for
sale on July 6 and were awarded
to
to
to
five years,
clusive., Bids shall be conditioned
to
20, it is reported.
Marblehead, Mass.
LV
21
limitation
$1,000,000 greater
La.
Elelction—The
Bond
of
June
on.
that when the books
.
Vjernon
Offering—Sealed bids will
debts
$245,000,000,
/
,
general-purpose
from
the
$256,000,000
lowest level
of years,
but with fixed
charges still requiring 13% of the
total budget outlay.
"Sharp increase in DSR gross
revenue
from $24,000,000 a year
a
score
expected to produce
$32,000,000 this year.
(Costs un¬
ago to a rate
der
war-time
conditions,
with
greater maintenance burdens be¬
cause
of scarcities of critical
ma¬
Issue of 1943 bonds.
terials, higher wages, and the les¬
is not to
sened
Dated Aug.
Denomination $r,000.
1, 1943. Due on Aug. 1 as
$110,000 in 1947, $115,000
in
in
in
in
in
in
in
$209,000 in
$119,000
$129,000
$138,000
$148,000
$158,000
$169,000
$193,000
1949, $123,000
1951, $132,000
Bond
Offering—John J. Ward,
1953,'$143,000
1955, $153,000
1957, $164,000
Principal
and
interest
1959, $174,000 in 1960,
(J-J)
payable at the National
1961, $201,000 in 1962, Shawmut Bank of Boston.
Legal
1963, $216,000 in 1964,
opinion
of
Storey,
Thorndike,
$112,000 in 1965.
The bonds
and
shall
be
,
redeemable
prior,
to
Palmer & Dodge of
maturity
includ¬
ing Aug. 1, 1953, at the par value
payment date to and
thereof and accrued
interest plus,
Boston.
The
Board
the
of
Commissioners
right to reject any or
no bid will be con¬
offering to purchase less
less
bids, and
sidered
than the entire issue or to pay
on
the
basis
of
lowest
total
in¬
squarely on a pay-as-you-go basis.
In 1939 the city had to issue $9,200,000 of tax-anticipation
tax-delinquincy
obligations
slashed
(P. O.
Briley
Tp. Sch. Dist.
'.vi-v".
Atlanta), Mich.
Bond
•
Offering— Sealed
will
be
received
until
8
bids
p.m.
payable • J-J.
Denom.
$1,000.
July 1,. 3943.
Due $7,000
July 1, 1944 to 1948. -Rate
of interest to be in multiples of
Dated
Principal and interest
payable at the Lewiston Bank of
Gen¬
District,
Doty Briley & Co., Atlanta.
eral
of
obligations
which; is authorized
the
and required
all the tax¬
therein, such ad
by law to levy upon
able
property
valorem
sary
taxes
as
may
•
,
be
neces¬
to pay the bonds and inter¬
within the limitation
est thereon,
prescribed by Section 21, Article
10, of the State Constitution and
pay envelopes have
the Welfare Department
burdens
rate.
from
J/4 of 1%.
payrolls.
and
t o
S "Swollen
premium of 5% of such par (EWT) on July 19 by Ruth Cumvalue, and thereafter on any inr mings, Secretary of the Board of
terest payment date at the par. Education,
for the purchase of
value thereof and accrued interest $35,000 coupon school bonds.
In¬
but without any premium/,
j terest rate is not to exceed 4%,
all
as
meet its
MICHIGAN
a
reserves
efficiency of rolling stock
retired, are mounting almost
rapidly as revenue. Last year
the lines' were credited with a
once
follows:
Treasurer,
will
receive
.in 1948, sealed bids until 11 a.m.
(EWT)
$231,000 profit.
This year's ex¬
in 1950, on July 12 for the
purchase of pectation is
$300,000.)
in 1952,
$40,000 coupon water mains bonds.
"For the first time in a decade,
in 1954, Dated
July 1, 1943 and due $5,000
the Detroit Government operated
in 1956, on J
uly 1 from 1944 to 1951/in¬
with
no
short-term
in 1958, clusive.
borrowing,
and
mile of standard power line
thereby
"
Bond
$100
valuation and
than
par
and accrued interest..
school taxes were ing his approval of the refund¬
.;///.■
■"•/•/.// r;/ Bidders shall name interest rate or
made
applicable to the co-ops' ing plan.
"Both county officials declared rates for said bonds in multiples
lines, poles, wires, transformers
of V± of 1%, but no bids will be.
and other equipment by today's the proposal was for the best in¬
final ruling.
County and school terests of Perry County, whose accepted for bonds which provide
road, and bridge bond for any single interest rate in ex¬
taxes vary in different localities $434,000
case
long has been in litigation. cess of three percentum per an¬
where the associations operate.
"They explained the deal would num. Not more than five rates of
"The
State
Tax
Commission
interest may be bid in any single ■
May 26 ordered that co-op prop¬ effect a P/2% annual interest rate
bid.
Said bonds will be awarded
erty be valued at the rate of $130 reduction and pay off the de¬
cents
ers of the bonds refunded
MASSACHUSETTS
terest
of
enacted
State
the payment of which
faith, credit and revenues
of said Board are pledged, and in
Addition, said bonds will be sub¬
rogated to the rights of the hold¬
the full
O. Neui
Journal"
"Perry County sought approval
today fpr issuing $131,000 in re¬
clared
District to
LOUISIANA
Orleans Levee District (P.
Bonds—The
Franklin Circuit Judge
W. B. Ardery's invalidation of a funding bonds to retire defaulted
statute
exempting
the
co-ops road and bridge bonds through a
from paying ad valorem property transaction which an official deupheld
ligations / of the Board of Levee
Commissioners of Orleans • Levee
uled for July
,
option of the
Said; bonds will be general ob¬
/
at the option v of the
Board in whole or in part in in¬
verse numerical order on any in¬
follows:
as
•
bond case
the
returned
5
of New York, at the
holder.
Court of Appeals
the
after
March
problem
indebtedness
its
solve
1945,
payment
date upon
30 payment date on or after Oct. 1,
days' published notice at 100 and 1956. Principal and interest pay¬
interest, plus a premium of *4 of able at the- Chemical Bank &
1%
for each year or fraction Trust
Co., New York.
Issued
thereof.by which the, redemption pursuant to the provisions of Sec¬
date precedes the stated maturity tion 157a of the Kentucky Consti¬
of each bond.
Principal and in¬ tution and Statutes enacted pur¬
terest payable at the Bardwell suant thereto. Any or all bids may
Deposit Bank. Legality to be ap¬ be rejected- and the. County re¬
proved by Chapman & Cutler, of serves .the right to deliver less
than $113,000 of bonds, but in no
Chicago.
event if any bid is accepted shall
Kentucky (State of)
the County sell or deliver less
High Court Ruling For Taxing than $110,000 of such bonds. The
Inter-County
on
leave
would
This
bonds.
interest
and
maturities
terest
the
fiscal
the
during
bonds
funding
in the City
of/New: Orleans, or at the office
of the fiscal agency of the Board
•of Levee Commissioners of the
Orleans Levee District in the City
Refunding
of
Commisisoners
Levee
Authority- $303,000 In outstandings road naric
refunding 5% bridge bonds, Lynn said. He es¬
bonds, issue of April 15, 1912; timated that slightly more than
road and
bridge funding 5M>% $20,000 would be needed to meet
Seeks
Holders
will
of .« the
.
Perry • County receiving
result in
Limita¬
Tax
bonds
State ; Treasurer at
1943, to maturity.
!No proposal
Rouge, or fit the office of for less than all of the bonds will
the fiscal ,£gency..of the Board of be consilered/ The District] voted
This would
is located, the com¬ agent in the deal.
mission said."
Oct. 1, as
'
Dated
cash value by
The
Baton
new
was
the
Both' interest and principal , will
be payable in lawtul money at the
,
bonds, at. $103/each/it
brought out, and charge
for serving
as the.,' county's
the.
cost to
Board, v
Bond
lows:
in
cluding .offices and warehouses,
are to be assessed
at their fair
Act.
to the District after
deducting therefrom the
premium bid, if any, to determine
.
rejection thereof by the
Fund Commission.
should
be
submitted
on
School
State
StateProperty
tion
bids and
"Lynn
.
the
by taking the aggregate of
interest on Hhe bonds at the ; rate
or rates named in the respective
will be
| the credit of Perry County.';
announced on completaxes
because of. varying local, tion of the hearing late today that
assessments and rates, the State I he would hand down his decision
Revenue Department said the co¬ early next week
'•'The county proposed.• to issue
ops have more than 13,000 miles
of lines, which would be valued $131,000 worth of forty-year re¬
at $1,690,000 at the $130-mile rate. funding bonds paying. 3 !/2 %. an-'
"The department said late to¬ nual interest.) Proceeds from the
day the co-ops willbe allowed Sale, would be used to retijre' fi
until July 31 to file their assess¬ like amount of 5 %
outstanding
ment figures, when they also are road and bfidge bonds; on which
to file franchise tax returns, al¬ interest is in default. " ■ L
"Howse estimated that between
though the State Tax Commission,
in effect,
exempted them from $50,000. and $60,000 interest was
franchise taxes.
*.
I
in
default, adding that $60,000
"While the bigh1 court said the would amply cover it. • He said
co-ops were subject to franchise $95,967.02 was in the county/road
taxes, the commission .May 26 and bridge bond sinking fund to
held they will not have to pay meet the past-due interest,.while
them because they are non-profit there also is $6,235 in; a j special
•
concerns.
The commission or¬ reserve available, if needed./
"Retirement of the bonds: was
dered that no franchise assess¬
ments be made against them.
planned tentatively for July 26.
"Real estate and other tangible Bankers Bond Company of Louis¬
ville agreed last month to buy
property of the associations, in¬
•
Comparison of bids
cost.
terest
While: added that it would 're-establish
taxation.
was
,
annum
per
of 1%.
Vs
be
interest rate from
any
received
will
Bids
1953.
to
ceived
estimate
total
Bond Offering—Sealed bids will
be
local
and
State
v
no
Wichita
Monday, July 12, 1943
THE COMMERCIAL & FINANCIAL,CHRONICLE
Ur
In
000,000.
-"Much
cial
to
a
$5,000,000-a-year
1938, they totaled $18,■.
;
...
of
position
the
of
improved finan¬
the
city
is
at¬
tributable to the sharp increase of
miscellaneous revenue,
from $42,100,000 a year ago to $50,500,000
this
year, with the
steady
picking up of the delinquent-tax
backing.
.
/
\ '
\
for
"War-time
costs
in
the
new
budget, particularly in the read¬
justment of pay of city employees,
have absorbed most of the saving
in escape from welfare burdens
and funds no longer needed to
whittle down floating deficit.
"Mapping
the
city's
future,
Mayor s Jeffries has suggested a
1% occupational tax, estimated to
produce
$10,000,000 a year,' * to
build up a sinking fund for post¬
war development.
;
v.,
Volume
K
THE COMMERCIAL
Number 4193
158
has made
v "Actually, Detroit already has
{■ the. nucleus of such a program in
r
..projects
,
financially, provided
but retarded
Y restrictions.
because
.
noteworthy ? record 'in' proposal produces the lowest inMr, Carey,, re¬ terest.cost to the district after de¬
As of July .1, 1937 it -re¬ ducting /the premium offered, if
for
ports.
funded
to
YYY/v;:v / /.
indebtedness
$376,753,
which
.
..
amounting
has
amount
V,/
•
"Engel reports that including been reduced 30.3% to a figure of
sinking fund credits, the City has $2.67,500, less a $5,000 reserve,
reserves of $42,000,000.
These in- with the current financing.-vY p;
A
second syndicate consisting
elude perhaps $3*000,000 of cap\ ital-outlay
items
such
as
the of Barcus, Kindred & Company of
-.
.^Receiving Y Hospital;
1
schools
authorized
and like
I
'•
projects."
a
•
delayed,
of
Toledo, and * Fox,; Rousch &
Company, Pohl & Company, and
Walter, Woody and -Heimerdinger
'
Grand,
Bond
Rapids,Mich.
Refunding
of
Approval
to
that
on
C and D bonds,
1,1967.
>
maturing
-
on
Municipal
Quotation
sued—Crouse,
district
Co,
July
Sale—The
July 12, 1943, to first optional re¬
demption date on each callable
Paul,
$60,000 public
refunding
bonds
offered
.
6—v.
157, : p., 23Q3—Were
awarded to Juran &
Moody of St.
bond
"to
and
the
on
respective
ma¬
non-callable bonds.
The right is reserved to reject any
or ■ all
bids, and no proposal for
as
114s, at
basis
a
of
price of 100.458,
a
about
1,19%.
Dated
July 1, 1943, and due serially on
July, 1 from 1944 to 1957 incl.
bonds
The
sold, at
were
In
bidders
July
the
Bennett/- Smith
&
that the most recent
announce
the printing of the bonds will be
paid by the district. Delivery of
bonds
the
_
Sheet *Is,Y
not
exceeding
operating
expenses.
issue of their periodical Michigan
Municipal Bond Quotation Sheet
is now available.
This new issue
(P.O. St, Clair, Shores) /Y/.'Y is one of the
most complete /the
Sale
Report—As previ¬ firm, has
event
specify
of
interest,
will
be
awarded
said
two
the
rate
or
then
to
more,
lowest
same
the
bonds'
whichever of
bidders
offers to
pay
the
highest premium in excess of par
and accrued interest.
/ All bidders must contract to ac¬
cept delivery of temporary bonds
Aug. 2, 1943. The validity of
on
the
"
bonds
will
be
approved
public
by
Thomson, Wood & Hoffman, of
high bid¬ New
York, whose opinion will
less than all of the bonds will be der was Piper, Jaffray & Hopwood
state that the bonds and the in¬
considered/ V. Bids shall be condi¬ of:/ Minneapolis,, at
100.45
for come derived
therefrom are ex-Y
tioned upon the unqualified legal iy4s.
^
empt from taxation by the Com-,
opinion of Claude H. Stevens, of
monwealth
of
Pennsylvania or
MISSISSIPPI
Berry & Stevens,'of Detroit, ap¬
will
be
made
at
De¬
In. the event that prior, to
troit/
Township School Dist. No. 1
Lake
will not be deducted, and interest
bonds will be computed from
on
the
;-*>
Michigan (State of)
;
said to have authorized the above
borrow
interest
Bond
utility
premium
auction
and the
second
-
any
The/ cost/of" such opinion and of
r' Borrowing
Authorized —^ T h §
. State
Public Debt Commission is
to
net
on
proving the legality of the bonds.
Sch. Dist. (P. O.,
Kalamazoo), Mich. •::
),000.■ for
interest
cost,
for
Kalamazoo
■
-
CaJI^-It is; reported
district" is calling
.
^
terest
Sept. 1 ,/alI outst-andr
?p y'" 1 ing 1937 refunding,. Series A, B,
"
fore.
f
•
Bond
approve
bonds, k'
;•
a
or an
the' above
refunding. of
$750,000 general obligation water, payment
•
bid
of $67,935
averagednterest rate of 3.342% for the issue.
City Attorney Ganson
Taggart is said to have requested
/the? State1 Public -Debt; Commis¬
sion
Cincinnati
cost
J Sought —
'
MINNESOTA
Little Falls, Minn.
'
any./ In determining the net" in¬
expansion,- Chicago; Ryan, Sutherland &•. Co.* turity dates
but
'.
V
a
147
debt/ retirement,
of wartime
Y,;.. ■
& FINANCIAL CHRONICLE
delivery of the bonds the in¬
received by private holders
come
from bonds of the
same
character shall be
taxable by the
type and
terms of any Federal income tax
law hereafter enacted, the suc¬
cessful bidder mayv at his election,
Brookhaven, Miss.
refunding bonds offered July 6—
v.
0.
157,
B.
and
p.
2199—were awarded to
Walton
the State
Co.
&
Bank
of
subdivision
thereof
and
Bond Sale—The $20,000 coupon
•
political
Jackson,
& Trust Co.,
by the State of New Jersey/
any
political
subdivision
thereof, and that without the con¬
and
„
sent
of
the
Commonwealth
Brookhaven,.; jointly, which bid
for $11,000 2s, due $1,000
annually
from 1944 to 1954 incl., and $9,000
l%s, due $1,000 from 1955 to 1963
income derived therefrom
incl.
now
The
bonds
dated
are
Aug.
15, 1943, and mature annually on
August 15/ The bonds are call¬
of
Pennsylvania and of the State of
New Jersey said bonds and the
are
ex¬
empt from taxation by the United
States of America under the Con¬
stitution of the United States as
in
force."\
•
"
-
•
If, prior to the delivery of the
temporary bonds, the income re¬
ceived by private holders from
..
be relieved of his obligations un¬
able on any interest date on and
ever published, accord¬
der the contract to purchase the
158; p. .43, a ing to Harold R.
after Aug. 15, 1947.
White, Hat- bonds of the same type and char¬
Chapel,1 munici-: bonds and in such case the de¬
group cpmposed of-H. ,V. I Sattley
tier & Sanford of New Orleans, acter shall be declared
pal bond manager, who furnished posit
taxable
accompanying his bid will second
&
Co.,
Inc.,
Crouse,
Bennett, the
high bidder, offered to under
present
Federal
income
quotations. There is a listing be returned. Enclose a certified
Smith & Co. and Miller, Kenower
take $12,000 2s and $8,000 l%s.
tax laws, either by a
of nearly
all of the municipal
ruling of the'
check/for $2,360, payable to the
& Co,, all .of .Detroit, was awarded bonds
Bureau of Internal Revenue or
outstanding in the State, the district.
NEW JERSEY
on
June 30 an issue of $265,000
by a decision of any Federal
description including purpose, in¬
refunding bonds of 1943, dated
terestrates/ maturities and the apY Warren Township (P. O. Warren), Delaware River Joint Commission Court or by the terms of any Fed¬
July 1, 1943, on a bid of par plus proximate
eral income tax law enacted sub¬
Mich. '
■
market, and represents
(P. O. Camden), N. J.
a
premium of $1, making a net on the average about
Vz of 1%
YBond Offering—William LawBond Offerings-Joseph K. Cos- sequent to July 14, 1943, the suc¬
interest cost to
the
district
of
higher prices or lower yields than son, Township Clerk, will; receive tello, Secretary, will receive cessful bidder may. at his option
3.188%.
Further details of the shown on their last
Quotation sealed bids until 8 p.m. (EWT) on sealed bids in the Administration be relieved of any obligation to
sale follow:
take up and pay for said
Sheet about a year- ago. r Copies
tempor¬
July 27 for the purchase of $300,- Building, Camden, until 1:30 p.m.
1/; The refunding bonds are due may be secured free upon request 000
ary bonds.
All bids must be on'
3% coupon sewer revenue of on July 14 for. the purchase of
forms furnished by the Commis¬
serially: $10,000 on May 1, 1944; from Crouse/ Bennett, Smitht &
1943,' non-callable bonds. Dated $37,000,000 coupon or registered
$15,000 each May 1;. 1945-1946; Company, 2780 Penobscot' Build¬ Jan.
sion, without alteration or addi-1
1, 1943, • Interest J-J. De¬ bridge refunding bonds.
• °,TY YY Y
tion. The right is reserved to re¬
$10,000 each May 1, 1947-1951; ing, Detroit.
nomination $1,000. Due J an. 1, .as
Dated Aug. 1, 1943.
Due Aug,
$12,000 May 1, 1952; $13,000 May
ject any and all bids. < Each bid¬
follows:;$7,000 in 1948 to 1953, 1, 1973. The bonds will be sub¬
Pontiac, Mich. •
der shall present with his bid a
1, 1953; and $15,000 each May
No Tenders—In connection with $8,000 in 1954, $9,000 in 1955 and ject to redemption- prior to ma¬
certified
check qr draft drawn
1, 1954-1963, with interest rates
the call for tenders on June 29 1956, $10,000 in 1957 and 1958, turity on any interest payment
of 3% ;as ;to maturities froih 1944
upon a bank or trust company
of Series B
bonds, it. is stated by $11,000 in 1959. and 1960, $12,000 date, on or after Aug. 1, 1946, in in the amount of
to 1953, inclusive. The maturities
$500,000 to se¬
Oscar -Eckman,, Director of FL in 1961 and 1962, $13,000 in 1963 whole or in part in amounts of
from 1954 to 1956, inclusive carry
cure the faithful
performance of
nance, that no tenders were re¬ and 1964, $14,000 in 1965 and 1966, not less than $100,000 par value,
his bid.
interest rates of 3% to May 1,
The check of the suc¬
ceived.
$15,000 in 1967 and 1968, $16,000 at the option of the Commission,
cessful bidder will be
immedi¬
1947, 31/3% to May /1, 1949 and
in
1969 to
1971, and $17,000 in at a price equal to the principal
3%% thereafter to maturity and Troy Township School District No. 1972 and
1073./Principal and in¬ amountof each bond, / together ately, cash and applied against
6 (P. O. RFD No. 4,
the purchase price or forfeited to
the maturities from 1957 to 1959
BirmihgJ
terest payable at the Detroit Trust with a
redemption premium equal
the
Commission
as
carry interest rates of 3% to May
ham), Mich. \
* r
liquidated
ij.
Co.-; Detroit A Payable solely from to the following percentages of
damages in the event of the fail¬
Bond
V 1947 and' 3%% thereafter, to
Offering — Elmer
M; the revenues of the sewage dis¬ said principal amount: 5% if re¬
ure of said
purchaser to comply
maturity. The maturities of May Schroeder, District
Secretary, will posal system of • the Township, deemed on or after Aug. 1, 1946,
with the terms of the bid.
The
1, 1960 to 1963 are callable on and receive sealed bids until'9 p.m/ and the bonds are issued
pursuant and prior to Aug. 1, 1951; 4% if
checks of the unsuccessful bid¬
after Nov. 1, 1950, 1947, 1945 and on
July 12 for the purchase of to the provisions of Act. No. 94 of redeemed on or after. that date
ders
will
be
immediately re¬
1944, respectively, and will carry $118,000 coupon refunding bonds the Public Acts of
1933, as amend¬ and prior to Aug. 1, 1956; 3% if
turned.
interest
rates
of
2.75%,
2.5%, of 1943. These bonds were origi¬ ed,. and ordinance No. 30, of
,the redeemed on or after that date
2.0% and 1.75%, respectively, to nally offered Dec.
29, 1942, but ordinances of the Township, and prior to Aug.' 1, 1961; 2% if
Irvington, N. J.
call date and 3%, 3,5% and 3.75%
were not sold at that time.
Dated adopted March 9,4943, The' bonds redeemed on or after that date
Bonds
Approved—The
State
for
varying periods after call July 1, 1943.
will be ; awarded to the bidder and prior-to Aug. 1, 1966; 1% if
:
Funding Commission approved re¬
date, as follows: $15,000 due May
Denomination $1,0*00. Due -May whose-bid produces the lowest in¬ redeemed- on or after that date cently the issuance of
$85,000 re¬
1,1960, callable Nov. 1, 1950; 1, as follows:
$2,000 in 1944/ $3,- terest cost to the Township after and prior to Aug. 1, 1973.
funding, Series E bonds./ ;
2.75 to Nov. 1, 1950, 3.75% there¬
000 in 1945, $2,000 in 1946, $3,000 deducting the premium offered, if
The bonds will be general ob^
after; $15,000 due May 1, 1961, in 1947 and
Jersey City, N. J.
1948, $5,000 in 1949 any./ Interest on premium shall ligations of the Delaware River
Callable Nov. 1, 1947; 2.5% to Nov. to
Wins
Court
mot be considered as deductible in Joint Commission, and will be se Decision
In
One
1965, and $10,000 in l966 and
1,1947,3.5% to Nov. 1,1949,3.75% 1967. Bonds maturing in; 1964 'to determining the net interest cost cured
Reduction
Case—The
by a first pledge of the net Ratables
thereafter; $15,000 due May 1, 1967, shall be subject to
redemp¬ and interest on. bonds will be com¬ revenues derived from the opera¬ Supreme Court on June 28 set
1962, callable Nov. 1, 1945; 2.0% tion prior to
maturity, in inverse puted from Jan. X, > 1943; to the tion of the Bridge known as the aside the reduction of a Jersey
to Nov. 1„ 1945, 3.5% to Nov. 1,
numerical order, at par and ac¬ maturity date on the bonds.
No Delaware River Bridge across the City property assessment by the
1949,; 3.75%
thereafter;
$15,000 crued interest on 30 day's
pub¬ proposaPfor less than all of the Delaware River between the City Hudson County Tax Board, but
due May 1, 1963, callable Nov. 1,
lished notice, on any one or more bonds will be considered.
Bids of
Philadelphia,
Pennsylvania, did not extend the ruling to 14,1944; 1.75% to Nov. 1, 1944, 3% interest, payment dates on and shall be conditioned
upon the un¬ and the City of Camden, New Jer-, 000 other assessment reductions
to. Nov. 1, 1945, 3.5% to Nov. 1,
after the following dates, to wit: qualified
throughout Hudson County.
opinion, of purchaser's sey.
The bonds are
rBond
noted' in
ously
V.
-
v
.
,
■
-
.
.
.
,
■
.
.
.
1949
and
3.75%
proposed to
thereafter.,
; ;
The
Bonds
maturing in 1967/on and
after Nov. 1,. 1944, bonds matur¬
ing in 1966 on and after Nov. 1,
1947; bonds maturing in 1965 on
attorney approving the legality of
the
bonds.
The- cost
of
such
proceeds. of the. sale, to¬
gether with $25,000 cash on hand
in sinking funds will be used to
call for redemption on Sept. 1,
and after Nov.
1943 all outstanding 1937 Refund¬
ing Bonds, Series A, B, C and D,
due July 1, 1967. Matthew Carey,
maturing in 1964 on and after
Nov. 1, 1954. Rate or rates of in¬
terest to be in multiples of 14 of
National
of the total par value of the bonds,
payable to the Township Treas¬
1 %, not
urer.
v
Bank
Building, Detroit,
Refunding Agent for the district,
reports the net interest cost for
life
the
the
of
bonds, after
deducting premium and assuming
prompt exercise of the call pro¬
visions will be
terest
in
the
1937
047.24,
202.99
at
cost
so
or
new
$64,844.25. The in¬
provided for,
rates
issue
would
be
$81,that a/saving of $16,-
19.99% has been effected
by the district in this refunding.
Additional
savings
of
approxi¬
$2,300 will result from
change in method of retiring debt.
mately
The average interest cost to the
district for the period covered by
the
financing is 3.259% and
interest rate on the
bonds is 3.188%. The district
new
the
average
new
The Commercial and Financial
to
1, 1951, and bonds
exceeding 3% per annum
May 1, 1948, and not exceeding
3% per annum to May 1, 1948, and
not
exceeding
thereafter
and
3%%
per
annum;
paid.
Principal
(M-N 1) payable at
responsible bank or trust
company in Detroit, named by the
any
district
as
a
successor
-
paying
General obligations of the
district, which is authorized and
agent.
required by law to levy upon all
the taxable property therein such
ad valorem taxes as may be nec¬
essary to pay the bonds and inter¬
est thereon, as the same shall be¬
come
to rate
due,
without
limitation
as
amount. The bonds will
be awarded to the bidder whose
Chronicle
or
Enclose
a
,y ■
certified check for 2 %
*
-
-
_
Y
Wright County Indep. Sch. Dist.
(P. O. Annandale)Mich.
Bond V Offering—Bids
will
;
be
received until July 13, at 8 p.m.,
by B. H.. Thayer, District .Clerk,
for the purchase of $40,000 re¬
funding .bonds.
1943.
'
refund,
Dated Aug. 1,
These bonds are issued to
an
.
equal amount of out¬
standing Refunding bonds which
are subject to
redemption on Feb.
17 1944, and delivery will be made
on
said date
or
at
any
time prior
thereto when said bonds
rendered for payment.
•
are
The bids
must be unconditional and
panied by
a
sur¬
accom¬
certified check in the
amount of at least
$2,000.
■
/
Jersey City had hoped to make
the appeal a test case, but Justice
the purpose of pro¬
viding funds for the redemption,
prior to maturity, on Sept 1,1943,
of the entire outstanding bonded
Case made: clear the ruling ap¬
plied only to the specific property
indebtedness
appealed.
of
the
■
Delaware
Case wrote:
>
proceeds derived from the sale of
"We must not, however, be un¬
derstood as passing upon any of
the bonds to the extent necessary
the
many
appeals
now
before
us.
River
for
Np; 71
until
interest
the Detroit Trust Co., Detroit, or
at
opinion shall be paid by the pur¬
chaser. The Township, shall pay
the cost of printing the bonds.
be issued for
Joint
Commission.
The
the
redemption of the bonds
proposed to be refunded, will be
deposited in the Land Title Bank
and Trust Company,
decision.
case
that
are
This is not
We
decide
a
not
group
only
the
in hand."
The
Hudson
Tax
States of America
Board, ap¬
pointed by Governor Edison, has
encountered
opposition
from
Mayor Hague's Hudson organiza¬
ket
tion for reducing land valuations
phia,
cured
which
by
deposit
bonds
of
of Philadel¬
will
the
be se¬
United
having a mar¬
equal to such
deposit until such proceeds are
used
for
the
payment of said
value
bonds.
1
Y
at
least
'■/
1
',YY
Each bidder shall
specify in his
single rate of interest to be
borne by the bonds in multiples
of one-tenth, one-eighth or onequarter of 1%. The bonds will be
awarded to the bidder offering to
bid
pay
a
not less than par and accrued
for
the
bonds
at
the
interest
lowest rate of interest bid there¬
Effect of
throughout the county.
the
'
been
reductions
to
increase
in
ratables
tax
rates.
has
The
board ordered reductions in 14,000
properties
owners
last
year
on
appealed—9,700
of
which
them
being in Jersey City.
Jersey City had appealed the
reduction
directly
to
the
Su¬
Court, not taking the usual
of appealing to the State
Board of Tax Appeals from the
preme
course
(Reg. U. S. Patent Office) William B. Dana' Company,
Publishers, 25 Spruce St.; New York 7 N Y„ BEekman 3-3341. Herbert D. Seibert, Editor and Publisher;
William D. Riggs, Business Manager. Published twice a week
[every Thursday (general news and'advertising issue) with a statistical issue on Monday]-. Other
offices: Chicago—In charge of Fred H. Gray, Western Representative.'Field
Building (Telephone State 0613). London—Edwards & Smith, 1 Drapers' Gardens, London, E.C. Copyright 1943 by William
B. Dana Company. Reentered as second-class matter February 25, 1942. at the
post office at New York,- N Y
under the Act of March 3. 1879.
Subscriptions in United States and Possessions.
$26.00 per year; in Dominion of Canada, $27.50 per year. South, and Central •America,,Spain, Mexico and
Cuba
$29 50 per year- Great Britain. Continental Europe (except Spain), Asia, Australia
and Africa, $31.00 per year. NOTE: On account of the fluctuations in the rates of
exchange, remittances for foreign subscriptions and advertisements must be made in New York funds.
William
Dana
Seibert.
President;
vr.i
■'<
V
''V "ij ' 'Xi
-
W, ii
-
/
-i
\ \
-V,',' ,Vi 'V*7 U
><-r ;
f,i; 'V •{ .'.,7*1 »;>«:
'".'v!»'
't
.
would
county board rulings.
The state its 1942-'43 fiscal year July 1 with
board; like the Hudson County a cash balance of $4,974,943, or
board, is dominated by appointees $769,889 greater than the balance
at the end of the previous fiscal
of Edison. ,■}'
Case
Justice
in
decided
of Jersey City on an
favor
The
after
remains
commitments
are
board, heard the case himself, the
judgment was signed by threee deducted, is expected to be known
other members of the board. The by July 31, said Mr. Zink.
court held there
was
the
his
to
case
evidence
no
reported on
commis¬
fellow
sioners who signed the
judgment.
Bonds Defeated—It is stated by
H.
Reeves, Director of Rev¬
enue
and Finance, that at the
election
held
on
June
29 the
failed
voters
to
ratify
the
pro¬
posal to issue $140,000 water plant
purchase bonds.
New
i,
Sinking
Jersey (State of)
Fund
$158,000 bonds
offered July 8—V. 157, p. 2304—
were
awarded to J. S. Rippel &
Co. of
MiUville, N. J,
C.
Patterson, N. J.
Bond Sale—The
5%—
Earning
Newark, as 0.75s, at a price
The offering included
$119,000 improvement bonds and
$39,000 general improvement
bonds, all dated July 1, 1943 and
due on July 1, as follows: $28,000
in 1944; $30,000 from 1945 to 1947
inclusive
and
$40,000 in 1948.
of
par.
Among other bidders were the
following: Boland, Saffin & Co.,
New York, 0.90s,
100.09; First Na¬
100.27;
ing 5% or more on its invest¬ Blair
& Co., Inc. and MacBride,
ments, according to estimates of Miller &
Co., jointly, Is, 100.10;
Christopher H. Ellin, - Secretary
Harris
Trust &
Savings Bank,
of ihe State Sinking Fund Com¬
Chicago, Is, 100.049.
mission.
Discussing the subject
in an article published in July 4
NEW YORK
mid-year financial review section
Albany Port District, N. Y.
of the
Newark "Sunday Call,"
The State Sinking Fund is earn¬
tional Bank of Paterson, Is,
to
operate
basis
,
two
of
levies
tax
He
Albany and Rens¬
added that when
re¬
shipping
generally
experts
there will be
lieve
a
r
als
in
from
Of 47
\
.
•,
,
:•
.
those for which the faith of the
States
principal
all
are
is
pledged to
the
and
New
York
obligations
State and
of
1
•
.
the list does not indicate that the
July 1,1943. Due on July 1: $5,000
remaining life of Refunding—The following report in 1944 to
1948, and $4,000 in 1949
sinking fund appeared in the July 1 issue of to 1951.
Principal and interest
is short and practically in the the Albany "Times-Union":
payable at the First National Bank
"Higher 1944 tax bills for Al¬
process of liquidation and while
& Trust Co., Floral Park, or at the
at this writing accurate figures bany
and Rensselaer taxpayers
Chemical Bank & Trust Co., New
cannot be obtained for the year are in prospect as a result of the
ending June 30, it is my opinion refusal yesterday by State Comp¬
that the net earnings of the fund troller Frank C. Moore to permit
Herkimer, N. Y.
will be 5% or better on its in¬ the refunding of $182,000 Albany
Bond Sale—The $15,000 general
"While
New
1943
bonds.
Interest
the
Jersey
State
vestments.
This
rate
compares
favorably with that of
very
any
investment fund in the nation.
;
"The assets of the sinking funds
have decreased in line with the
rapid
retirement of State debt.
30, 1935,, the net debt
State
was % $109,766,000,
which will mature during
June
ture.
the
last
estimated net
debt
as
of June 30, of
new
refund under au¬
an act of the Legisla¬
Such permission was granted
year
by the former State
permission
thority of
of
the
bonds
the
fiscal year, which starts today.
"The Port Commision requested
On
while
Commission
District
Port
to
Comptroller
-
/
1
'
.
bonds.
Government
the
will enable the Commis¬
war
"It is regretted that the sink¬ sion to meet current obligations
ing funds of the State are in the from current revenues.
process of liquidation. They have
"The Port of Albany was one
•
been
'credit saver' for the State
a
and its
Equip.
.
"However,
can
find
the
some
relief
from
the
of the last depression if
Legislature will enact a bill
introduced
by
Senator
Lance,
of the
ualties
cas¬
"Since
horrors
tered
the
at
the
Long before
war.
United
States
the
war, shipping
Port have ceased.
en¬
registered bonds offered for
June 30—v. 157, p. 2399—
awarded to Halsey, Stuart
on
Co., of New York, as 0.80s, pay¬
ing a price of 100.023, a basis of
or
sale
0.785%.
1943.
Due
1944
1946.
to
on
June 30,
June 30 in
The
Herkimer
Co., " of Little Falls, was
second
highest bidder, offering
100.001 for 1.20s.
York,
$2.89
estate tax
rate
$100 of assessed val¬
per
uation.
The rate
was
after
vote
a
set by unanimous
twenty-four hour
three
deadlock in which the Democratic
the
/ The
the
were
improve¬
actual rates at
owners
hoped that the 1943
Legislature will not adjourn sine
die
without
approving
the
measure
introduced by Senator
"It
is
Lance."
Cash
C.
*
the
of
The common councils
cities
two
had
approved
request for a refund opera¬
tion."'./''';.
'■
;
Higher—Homer
Bronx
.
.
New
financial experiences of the Port
with
have
York
par value
been added
a par
1946
reductions
substantial
other
Falls
of
1st
Power
3%s
Refunding
and
have
1966
and
stated,
rein¬
been
$38,000,000
Public
Inc.,
Service Company of Indiana,
1st
3V2S
been
of
1st
1973 Series E have
A $32,000,000 issue
of
added.
Indianapolis Power & Light
3%s of 1973 Series E have
//
$6,800,000
Railroads—Subdivision 7
,
.
.
Bangor & .Aroostook RR.
Collateral
•
whose
debt,
in
whole or in part, is considered
eligible for savings bank invest¬
ment,
The principal removals
from the municipal list are Mon¬
mouth County, N. J., North Prov¬
idence, R. I., Springfield, Ohio,
..
An
r,ol
Alan,Af1„
TTnu
Alameda, Cal., and Alameda Urn-
value of $173,006,000 fied
amended
as
by 7-a:
.
Trust
4's,
/• -•"'■'v
Co.—
1951—.
$3,900,000
Kansas City South.
Equip.
Ry. Co.—
2Vzs, G, due to
Tr.
,March 1, vl950__I
•
:
/
Marquette Railway Co.->Equip.. Tr. 2's, 1942, due to
June
680,000
■
Centra! Maine
1st
&
$5,412,000
3l/2*s,-
,
1972,
M
$12,500,000
Long Island Lighting Co—
1st VU's 1972, Series F_„__
Niagara Falls Power Co.—
1st & Ref.
3M8*s, 1966-____
Pub. Service Co.
1st
:
3y4's,
Pub. Serv.
1st
of Ind.,
30,170,000
-
25,293,000
Inc.—
Series E.___;.
1973,
Co.
3y4's,
13:
Power. Co.—•
Gen.,
Series
1
,
.
.Public Utilities—Subdivision
•
:
■
1__
1952,
15,
832,000
..
Pere
38,000,000
of New Hamp.—
Series A_„_
1973,
20,500,000
$126,463,000
REMOVALS
"
"
'
'
1
-
:
.*
■
/
Municipalities
•
-
-
(Amounts i V.
approximate)
;
.
Dedham, Massachusetts
v
______
Northbridge, Massachusetts
County, New Jersey
Lansdowne, Pennsylvania
Monmbuth
______
$124,000
-
5^00,000
>
423,000
613,000
.
!_
84,000
North
Providence, R. L
Alameda,
California
Alameda. Unif.
Springfield,
1,607,000
450,000
Sch. Dist., Calif.
Ohio
Springfield City Sch. Dist. O.
Winnebago County, Wisconsin
' " 750,000
V 3,500,000
900,000
y
$13,451,000
;
,
Railroads—Subdivision 7 i,
,
•
i.___ '
Series
G-2
Serial
Notes,
1942___r.
V;
;.
15,
Louisville
,
(
.
$197,000
July /r i..
- ■*;"
1,530,000
—
& Nash.
Coll. Trust
Phila..
2 !4!s,
.
<
s/
Chesapeake & Ohio Ry. Co.—
/ •;
Ref.
&
Imp., 0.60's,
1943,
4's,
RR.
Co.— .;:-v'
I960.—1 21,000
& New York
'.
Newtown
Railroad^ Co.—
lst
,
1942____r^-___A--
3*e,
Phila. & Read.
Term.
RR. Co.—;'-
507,000
v
*
350,000
,1st l's, 1943
"" '$2,605,000
\
/
Railroads—Subdivision 7
Atlantic Coastline RR.
as
amended
Co.—
10 Yr. Coll. Trust 5*s,
1945 $11,413,000
Bangor & Aroostook RR. Co.—
.
-
1st 5s,
1943 ———3,091,000
Piscataquis Div., 1st 5's, '43
703,000
Van Buren Ext., 1st 5's, '43
206,000
Belvidere
Delaware
RR.
Co.—
3yas,
1943______i_;
Albany RR. Co.—
lstW's, 1943, Series A____
Cleve. & Pittsburgh RR. Co-
Boston
731,000
&
9,000,000
Gen. 3l/a's, 1942, Series B__
Gen. 4y2's, 1942, Series B„_
Harrisburg,
Portsmouth,
Mt.
>
Joy & Lancaster RR.. Co.—
; .1st 4's, 1943__
York Central RR.
New
10
Yr.
Sec.
S.
Pennsylvania
Cons.
&
ca
F.
Railroad
Louis
700,000
;
Co.—
3%'s,
1946
21,057,000
Co—
2,093,000
Ci'Vunnati,
St.
349,000
1,385,000
1943
4's,
Pittsburgh,
RR.
Chi-
" ;
:;
Co.—
Cons.
4%'8,
1942, Series C
Southern Railway Co—
Equip. Tr. 4's, BB, due to
March, 1943 ■—
Terre Haute
Peoria
&
238,000
937,000
Railroad
Co—.
1st
5's,
Texas
&
1942
Ohio
1st
Co.—
1943
4's, B,
due
to
due
A
to
187,000
101,000
1943
Toledo,
Walhonding
Railroad
4's,
Western
Ry.
RR.
4V2X
Tr.
February,
Equip.
Tr.
May,
2,230,000
Pacific
Equip.
Valley
&
Co.—
1942, Series G
Y. & Pennsylvana
V ; :' V
4's,
1943—
826,000
N.
Co—
Gen.
.
/■: '-./'T
Cumberland Co.
.municipalities
of $151,144,000
to,^ and issues'
-
Co.—
10,000,000
$65,247,000
Public Utilities—Subdivision
.
Waltham, Mass., Jackson, Miss.,
and Tulsa School District No. 22
have been added to the list of
issues
r
.
qualification.
of)
>
1957-U—11,600,000
lst>3's,
moved from the list through dis¬
3.06
(State
of
value of railroad bonds on
Department's legal list fall¬
ing by about $200,000,000 since
the 1942 list was published.
In the public utility section of
the new list, $25,293,000 Niagara
3.13
3.00
3%s
the
Amendments to List of
a
having
3.03
3.14
___
$21,057,000
are
Central
from
par
3.05
"
list
removals
;;
<
$5,200,000
New
&
Cons.
outstanding issues of sev¬
railroad corporations,
which has resulted in the total
$3.04
Investments—Bond
Legal
Comptroller, an¬ during the last five years did not
that New Jersey ended bear out the argument that it
Balance
__
Richmond
Latest
2.98
principal
been
eral
1943-'44
___$2.98
2.97
_______
Queens
the
"The Comptroller held that the
Zink, State
nounced
ler Moore.
Manhattan
Brooklyn
Certificates.
in the
rate is down,
1942-'43
&
of
Marquette/Equip¬
Pere
York
have
....
saving in an"Representatives of Albany and
ual
debt
service
requirements Rensselaer
participated
w i t h
amounting to over $5,000,000 due members of the Port Commission
to the rapid reduction of debt.
in a conference with Comptrol¬
4s
Trust
/,
7s
1943, due
1953—_—
to
$11,413,000 5s of 1945 of the
Atlantic Coast Line, both of which
issues were called for redemption
before the maturity date.*
There
increased from five to
future use the large
added
and
various boroughs pay
rates
$12,469,000
Co.— '
1%'s,
Tr.
York RR.
following
been
Collateral
railroad
New
Borough rates set by the Coun¬
cil consist of the basic rate plus
property
ma¬
$3,900,000 of Bangor
Trust
ment
of assessed valuatiori in 1940-41.
which
of
Equipment Trust Certificates;
$680,000
of $2.79, is the highest
city's history, exceeding by
five points the previous record
high rate of $2,84 for every $100
local
Ry.
'
1951; $832,000 Kansas City South¬
ern
rate
assessments; for
list:
7-a the
have
issues
Aroostook
in the
ments and are the
because
calls
der subdivision
majority of the Council had tried
in vain to find a way to set the
rate at a lower figure.
The new
rate, ten points above the cur¬
rent
either
for redemption.
Under subdivision 7, a $5,200,000
equipment
trust
issue
of
the
Chesapeake & Ohio and a $1,600,000 issue of Philadelphia, New¬
town & New York 1st 3s of 1967
have been added to the list. Un¬
Tax Rate Increased 10 Points—
1943-44 basic real
calls
to
turity ;or
N. Y.
The City Council on June 25 set a
of
be
should
each-case
the basis of all relevant facts."
removed
•
j
New
in
entirely due to maturity
for redemption.
Un¬
der subdivision 7 of the Banking
Law, 5 rail issues of a par value
of $2,605,000, were removed be¬
cause
of
maturity,
and under
subdivision 7-a, 18 rail issues with
a
par value of $65,247,000 were
Dated
$5,000
which
one
year are
&
about
is
The removals of rail issues this
on
were
Ohio
by the Lansdowne Sch. Dist., Pa
management of the savings bank Vandergrift, Pennsylvania
arrivals eight points.
.More¬
list
determined
While the Queens
however, it is still
over,
a large
part of the Port considerably the highest of all of
which would establish a State re¬ property has been taken over by
1 the borough rates, as has been
sources
reserve
fund, to which the Army for war purposes.
(the case for many years.
would be appropriated all possible
"The
Port
commission
con¬
The 1943-'44 Bronx rate is up
suTplus from all existing sources tended that these factors justified
five points, the Manhattan
and.
of revenue.
authorization of refunding opera¬
Richmond rates six points and the
"There should be no difficulty tions and that because of the un¬
Brooklyn rate eight points.
The
in establishing this fund despite usual war
conditions
involved,
the serious threats "from declining the taxpayers of the two cities following table shows a compari¬
son of the current
borough rates
gasoline tax receipts, for =New were entitled to relief through
and the 1943-44 borough rates:
Jersey is fortunate in having for refunding.
*
'
the
should purchase a particu¬
security which appears upon
the
22,
4,069,000
to May 1,
Philadelphia, Newtown
savings
bank. - The
of whether a savings
bank
in the
their taxes.
the United States entered the con¬
Except
in
Queens, /where
the
flict, shipping at the Port had borough rate is down one point,
C
'
been
curtailed greatly by sub¬ thus
giving
Queens taxpayers
municipalities marine operations.
:
alone slight relief,
the borough
municipalities in the last
years and will not be available in
case of a future financial depres¬
sion.
of the earliest Governmental
question
lar
No.
^
'
individual
Trust
"Because of Mr. Moore's denial
this year, is $53,500,000, or a reduction of ap¬ of the request, the Port Commis¬
proximately $56,000,000 in eight sion budget for next year will be
years. ?
.'<
r;i / *'•;
:
approximately $355,000 instead of
"Due to the fact that the fund less than half that amount ,with
runs out in 1950, it has become Rensselaer
paying about $40,000
very difficult to manage because and Albany the remainder.
of the present era of high price
"Rensselaer, on the assumption
bonds.
It has become practically that the Comptroller, would ap¬
impossible to invest surplus cash prove
the
refunding
request,
in
short-term
municipal bonds adopted its budget last week and
which would return any kind of announced that the tax rate for
yield.
For this reason the pres¬ next year would be slightly less
ent policy has been to purchase than the old rate. The mandatory
United States Government bonds, increase in the port budget, how¬
which give a higher yield than ever, will require Rensselaer to
municipals and are liquid.
reopen its budget and increase it.
"The present assets of the roads
"Representatives of the Port
and bridges sinking fund are ap¬ Commission based their refunding
proximately $27,000,000, of which. application mainly on the con¬
$6,000,400 is invested in United tention that port earnings after
States
fund
Dist.
circumstances for the funds of any
,
(Amounts
Railroads—Subdivision
Banking Department considers it
a
proper investment
under all
of
to exceed
School
Chesapeake &
<
.
rate not
Comptroller Blocks Bond
(EWT),
on July 9, for the purchase of $37,000 coupon or registered school
1,
approximate)
.
;
p.m.
July
;
Oklahoma
munici¬
its
6%, payable J-J. Dated
State
3
vv'...
as
In. sending the published list
to the savings banks,. Mr. Bell
said in an introductory note: "The
fact that a security appears upon
Mr. Ellin said:
■
Tulsa
legally issued full
credit
palities.
bids will
or
re¬
Waltham, Massachusetts$2,500,000
Jackson, Mississippi
5,900,000
pro¬
legal investments,
are
of
faith
v.
until
and
••
»
.
vide for payment of interest and
.
received
additions
of
States, 332 cities, towns and
United
Hempstead and North Hempstead,
Central High Sch. Dist. No, 2
(P. O. Floral Park) N. Y.
be
and
the
counties, 136 school districts, 346
issues of 26 railroad corporations
and 141 bond issues of 59 public
utility corporations.
All of the
obligations of the United States
or
'
*■*».«.:-v C j-ip"
.f.
.
Tabulation of issuesmatured
called
smaller political subdivisions, 103
.
Bond Offering—Sealed
..
legal list, which is
made public by the Superinten¬
dent
annually at mid-year, in¬
clude the obligations of 12 munici¬
palities, 23 railroad issues and 10
public utility issues. The current
legal list embraces the securities
foreign countries,
shipped
through, the
Port of Albany, have been accu¬
mulating and a shortage thereof
has been growing in this country,
"With
the- vast
shipbuilding
program now under way, it is ex¬
pected that the number of ships
available for operation in and out
of Albany will be very large after
the war, particularly with the re¬
cent
curbing of the submarine
menace.
During, that post-war
period, officials contend, the Port
could retire
quickly bonds re¬
funded during the war."
goods
normally
•
.
The securities added to the le¬
gal list include three municipal¬
ities, five railroad isues and five
public utility issues. The remov¬
be¬
tremendous
shipping boom at the Albany Port
when the war ends.. Stock piles
of
't'iwipy-
-
Monday, July 12, 1943
>■
:
"Port Commission members and
■
•*
.
Banks.
funding of the deficits began, debt
service costs increased.
v,wi'f
if *vi
Banking Department - to - be elir
movals reflected in the
gible - for purchase by savings
banks df this State, according to 1943, list follows: ^
an
announcement July 1 by El¬
ADDITIONS
liott V. Bell, Superintendent of
Municipalities /
he said,
Port deficits were included in the
selaer.
*?*■*.
'
Vr
have been removed from, the list
of ^securities considered/ by the
a
the
/'■
*
ago,
years
on
after
\^V"/\
'
"Until
funds,
Mr. Zink reported
sessment on property at 32 Mag¬ to Governor Charles Edison, will
nolia avenue, Jersey City, owned not be determined until comple¬
by Dora Moskovitz. The basis of ted financial reports of the vari¬
the decision was that while Leo ous state departments are filed.
Rosenblum, President of the tax The "free" balance, that which
that Rosenblum had
war.',
the
of
condition
exact
state's
appeal from
reduction of $17,000 on the as¬
a
pay-as-you-go
'y'-:
year.
able
be
r-^v
f*»tr-.NY :* *>5 *»' *Yi-iv AWAKI;'*
FiN^NClAL CHMHICLE
THE COMMERCIAL &
148
Si?
.
School District.
1st
3J/2's,
13:
,
Pow. & Lt. Co—
1966
1st 4's, 1960
Indianapolis Pow, & Lt. Co.—
1st 3y4's, 1970
Long Island Lighting Co—
1st Ref. 4's,
1960, Series C
1st Ref. 4's,
1961, Series D
1st Ref. 4's, 1963, Series E__
Public Service Company of New
Hampshire—
1st 3%'s, 1960, Series C
1st 3%'s, 1960, Series D—__
1st 3V2's, 1961, Series E
1st 3y4's, 1966, Series F__—
$9,319,000
1,494,000
■
; •
32,000,000
10,292,000
3,000,000
16,669,000
:
6,150,000
10,379,000
1,000,000
1,400,000
$91,703,000
Volume 158
Pleasantville, N.
Bonds
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4193
Y,
proved the plan to enable certain
revisions to be made in the reso¬
•
Sealed
Offered
bids
-
lution-
;were received until 10 a;m. on
July 9, by the Village Gierke for
the purchase of the following 6 %
coupon or registered semi-annual
bonds aggregating $25,100:
V $5,100
general improvement
bonds.
Due on Feb. 1; $1,100 in
1944, $1,000 in 1945 and 1946, arid'
$500 in 1947 to 1950.
'
; *,
,20,000 refunding of 1943 bonds,
Due $10,000 on July 1, 1950 and
1951.:.
■V'i'v'
'■
Principal and interest payable
at the County Trust Co., Pleasant¬
'■ "v. Rochester, N. Y.
(
that
.
the following Bonds of the City of Raleigh, N. C.:
►7
..s' f
Designation
'
,
,
ating or operating reserve funds.;
They also defer minimum sinking
fund payments to whatever ex¬
tent may be necessary during the
emergency period. Consent to the
revisions
was
required on the
of holders of
part
and
V
The
9-1-1942
10-1-1952
■
Dateof
'
i-Rate
•-
-
1,000.00
Date
fiscal
dicted
1-1-1977
15,000.00
Bonds of the City of Wilmington,
Designation,
Dateof
Rate
:
i.
Maturity
Issue
Refunding & Improvement
4-1-1915
4-1-1955
gaps
license
5,000.00
;
.■
Date of
Date
;
Amount
'
2%
______
__
1-1-1940
1-1-1965
4 V2 ft
7-1-1927
7-1-1927
7-1-1966
4% ft
7-1-1924
5,000.00
1,000.00
7-1-1966
4 V*ft
______
-------
7-1-1955
ous
2,OOO.OC
.;
.
cluded
.of
the
New
National
First
and
York
Authority recommended
plan believing that under it,
.payments and serial
maturities will be met; minimum,
sinking
fund
payments, - while,
temporarily deferred, will ulti¬
interest
Bank
mately be made;
funds
Co., Chicago.
,,
maximum
re¬
originally
contem¬
plated in the bond resolution will
serve
Trust
.
''
be
provided
for
within
the
eleven-year
'war • emergency
'meeting of the Common Council period'; .short -term borrowings
on June 28 an ordinance was prenecessary
to provide funds
to
: sented
for consideration, calling carry out the plan will be fully
for? the issuance of $900,000 re¬ repaid within- that period; and fi¬
funding bonds. '
:~ *'• # 1 nally, that all operating reserve
funds now held by the Authority
;( " Triborough Bridge Authority, : !
will
be
Syracuse, JV. Y,
The
.
enue
7-1-1924
7-1-1966
2,000.00
downward trends.'
43Aft.
7-1-1924
7-1-1968
1,000.00
4 3A ft
7-1-1924
7-1-1969
1.000.0C
7-1-1924
7-1-1971
7-1-1924
7-1-1973
7-1-1924
7-1-1957
1,000.00
t
43A ft
-* <r r4* ^ *?
y —-- —
ever, and
mated
that
4 3A ft
7-1-1924
7-1-1964
1,000.0c
.
.
5-15-1969
1,000.00
from
Refunding Road
Dateof
_____
Amount
Date
12-1-1957
1,000.00
12-1-1935
12-1-1959
1.000.0C
"
'
Designation
Road
Bridge Refunding
8-1-1934
8-1-1962
•
.
restored
Y.mu
n.
Bondholders
■
Approve
Plan
eleven, years.'!
to;
10-1-1959
10.000.0C
Avert
Interest
Default—Follow¬
;■
.
-
.
,,
within
sinking fund
have
and serial
already ap-i
a
Road
County
NORTH
v
CAROLINA
Municipals
$750,000' Local
fered
For
Sale—Chas.
M.
districts
which
are
now
held in the funds of the Teachers
*
State Employees Retirement
and
Of-
In giving below the de¬
System.
tails
Johri-
Date
of the
offering, we list the
J
son, State Treasurer, .will receive name, of / the taxing unit, whose
sealed bids i at his office in Ra- bonds are included in the offer,
leigh until noon (EWT) on July the purpose for which the bonds
14
for the
purchase of $750,- were issued; rate of interest/ date
000 bonds of various North Caro¬ of the' issue, maturity date and
lina counties,- municipalities - and the amount of each block:
i
.
*
•
•
5-1-1957/
?
3;000.0C
5-1-1957;:
\.
r
•
Designation
1
rr'
"
v
Water lj.____.__,
/
Date;
2-1-1965
6,000.00
8-1-1937
2-1-1968
5.000.0C
;
Date of
Street Widening &
Street Widening &
Widening
Street
Street
&
Street
&
&
Widening
Widening
Widening
Street. Widening
Street Widening
Street Widening
Street Widening
Street Widening
Street Widening
Street Widening
Street'Widening
Street Widening
Street Widening
The
1-1-1970
&
&
&
&
&
-4'Aft
7-1-1930
>
/
1-1-1971
2,000.00
1-4-1972 i
2,000.00
only slightly less than the
1-1-1973
2,000.00
7-1-1930
1-1-1974
2,000.00
363,781:58
7-1-1930
•
1-1-1975
-
4'Aft
4Vsft
7-1-1930
1-1-1976
4'Aft
7-1-1930
1-1-1977 T
4'Aft
•
&
Extension
Widening & Extension"
;:
2,000.00
i
3,000.00
t
7-1-1930
1-1-1978
4 'A ft
7-1-1930
1-1-1979
4'Aft
7-1-1930
1-1-1980
4'Aft
1-1-1927
1-1-1968
4'Aft
1-1-1927
1-1-1969
2,000.00
4'Aft
1-1-1927
1-1-1970
2,000.00
1-1-1927
3,000.00
3,000.00
3,000.00
2,000.00
-
1-1-1971
4'Aft
1-1-1927
1-1-1927
1-1-1973
4'A ft :■
1-1-1927
1-1-1975
______
4'Aft
1-1-1927
______
4'Aft
1-1-1927
';■
•
2.000.00
2.000.00
::
,
.
&
Date
8-1-1921
2-1-1959
5 'A ft
y-f
& Sewer
Water
School
Water
Sewer
Building
& Sewer
Designation
Issue-
_—
8-1-1921-
2rl-1960
Rate
•
4 V2 ft
_______
9-1-1924
3-1-1926
•
1-1-1976
3,000.00
1-1-1977
;/
3,000.00
Improvement
Public
Improvement
:
'u
________J
:r--—
_l
5-1-1963
1,000.00
*Maturity
4%%
11-1-1951
Ilrl-f928
.
v
,,
2.000.00
r
School
5,000.00
-
Sewer
Refunding
_l_.
Refunding
j
?
Coupon
...
_i__
t3 ¥i%'
Maturity
/pate of
'-
Issue
.V
11-1-1936
*
1-1-1952
11-1-1936
Building
30.000.or,
1-1-1955
1-1-1959
1-1-1924
*
35,000.00
.1-1-1952
f
^The following Bonds of the City*of Hickory, N. C.:
Coupon /
Date of
Designation
i *>!
S Rate
5 Issue..'
-
,
.'-4V
'Refunding,
.Refunding
-.^
—l—t2%<>
11-1-1936
.
2,000.00
1-1-1904
1-1-1954
11,000.00
12-1-1919
1-1-1952
.1,000.00
12-1-1919
1-1-1953
:
2,000.00
12-1-1919
1-1-1954
3,000.00
1-1-1955
2,000.0c
12-1-1919
1-1-1957
2,000.0<-
.5 ft
12-1-1919
1-1-1958
2,ooo.nr
12-1-1935
12-1-1954
li-iri94i:
Date
-
._
.J
Refunding, Jlj
33/4 ft
The
2,000.00
;
*
Date of
School
The
.
Date
Building,
1-1-1928
1-1-1956
Rate
/;.;./'/
Fund—
$20,000,000 from the
Fund
created by the
surplus
—
was
1943 Assembly, and
the entire starting amount already
has been invested in securities of
the
State
4Vs ft
in
Designation
?
•
Rate
•
Water
Issue
5%
_________
5%
5.000.0C
—__
5%
/
/
-
Date
Amount
8-1-1952
2.000.0C
8-1-1922
8-1-1953
2,000.0c
8-1-1922
8-1-1954
1.000.0C
$5,000.00
(Continued
Post-War
on page
can
be
as
th«t
addi¬
an
be placed
Fund,
Reserve
the Assembly provided,
spent only by act of the
With revenues accum¬
Maturity
8-1,1922
,
the
govern¬
Broughton an¬
$15,000,000 will
Assembly.
Dateof
Coupon
-
recently
nounced
which,
Federal
and
Governor
ments.
Amount
following Bonds of the City of Kingston, N. C.:
13.000.0C
$25.Ui0.00
■
Reserve
Maturity
Issue
Coupon
N
Water^____^_____.^XJ_^__L_-.
.
■;■-/. '
Post-War
tional
following Bonds of the Greater Greensboro School District, N. C.:
Designation
5.000 oc
1-1*-1956
■11-1-1961
' "
Amount
•
approximately $33,-
000,000 by the end of the fiscal
$94,000.0c
Water
Maturity
reach
would
esti¬
officials
2,000 or
12-1-1919
4.000.00
1-1-1952
$130,000.00
-
25,000.00
5ft
5,000.00
1-1-1924
u5%
5%
25,000.00
1-1-1950
,
1
$40,000,000.
General Fund surplus
General
1-1-1953
1-1-1954■
1-1-1924
v
revenue
started with
11-1-1936
5ft
sembly,
mated the
18,000.00
11-1-1936
5ft
conservative
the year-end total
approximately
1-1-1950
20.000:00
1-1-1956
11-1-1936
3Va%
Refunding
._
.
but
yet,
11-1-1936
5,000.00
1-1-1953'/
at
"A
5%
Water
'■)
available
estimates place
.Amount
2,000.00
••
11-1-1936
.
//v
the surplus
on
of June 30 have not been made
Date
5%
1,000.00
,
11-1-1936
'4%,
4%
>
Figures
as
Issue
4%
Water
1-1-1961
11-1-1936
surplus.
re¬
are
bulging General Fund
year.
4ft
._l
Water
'25.000.00
X
1-1-1959
11-1-1936
3 'Aft
•
a
Maturity
Water
'
"V
Amount
1-1-1958
11-1-1936
Refunding
.'Refunding
& Sewer
...
Date
■;
3V?
;
.Refunding
Refunding
Water
t
m+zJ&A 4%
v
4.%■..' v
-Refunding
.Municipal
,
.
flected in
Date of
■Water:
"
Vv'
$8,000.00
Aft
Water"
*V. Rate
2,000.00
2,000.00
;
C.y
:5V4%
Building
Water
$7,000.00,
*
11-1-1950"
4ft
i Refunding! 1/J_l-T-_^__l>.___;
Amount:
11-1-1949
The following Bonds of the City of Greensboro, N.
.—*
11-1-1928
Rate
Designation
Refunding
Date
-
"■V;'V
43Aft
11-1-1949
The following Bonds of the City of Greensboro, N.
Refunding
Date of
Designation;
VV
.' I Bate «■. Issue .
Public. ..Improvement •*_*—.4%.%11-1-1928-
Designation
2.O10.0C
11-1-1928
Coupon
following Bonds of the City of GoIdSboro, N. C.: //:.:./<■
improvement
2,000.00
10-1-1952
,
$23,000,00
Public
10-1-1951
10-1-1927
6,000.00
i-•
Coupon
Amount
Date
10-1-1927
4 V2 ft
15,000.00
1
The
Issue
enormous
Fund collections
"During the 1943 General As¬
4 V2 ft
Improvement
high—more
was
$68,000,000—the
General
Maturity
.4%%
Improvement
Public
$ 1,000.00
J
3-1-1965
4'Aft
—_______
Amount
.
Dateof
Coupon
v:•; Rate
Public
Maturity
5'A ft
Designation
Water
»
^
Public
Date of
Coupon
ing 1942-43 also
than
following Bonds of the City of Goldsboro, N. C.J
t
of the City of Charlotte, N. C.:
v-1
''Although State spending dur¬
3,000.00
$63,000.00
The
1941-
2,000.00
1-1-1972
4'Aft
$10,-
collected during
42.
2,000.00
>
4'Aft
Ve¬
$10,333,615.61, or
7-1-1930
4'A ft
______
-
collected
hicles
year.
Motor
of
7-1-1930
4'A ft
4'Aft
______
&
&
0 2,000.00
Department
'
—___
Street Widening &
Street
393,056.93 for the preceding
7-1-1930
4 V2ft
col¬
were
$22,593,311.92, compared with $31,-
7,000.00
—
&
■
this schedule
from
2,000.00
______
.&
1942-43 fiscal year,
lections
Amount
"7-1-1960
___—_
Widening &
the State High?
1-1-1969 v'
7-1-1924
______
&
1
on
7-1-1930
■
__.
Street
fiscal
7,000.00
4 V2 ft
______
high—col¬
1941-42
.
:-
7-1-1965
4V2ft
Extension
Extension :______
Extension
1_
Extension.
Extenion
Extension
Extension
Extension
Extension
Extension
Extension.
:_
Extension ]
Extension __l_l_
Extension
Extension
Extension
Extension
Extension
Extension
':■/ •■ ^'/'"'.
•
Date ■•"•>:
7-1-1924
4V2%
Water Works Extension
Street Widening fc
Street Widening &-
Maturity
Issue
Rate
-
^
the
sion'^ gasoline tax schedule. Dur¬
of Durham, N. C.
Coupon
Designation
; *
Public Improvement
all-
and Public Works Commis¬
ing. the
v
the
over
;.";■;
way
Amount'
$11,000.00
The following Bonds of the City
23%
previous
Fund
during
wrought havoc
Maturity
8-1-1937
L
3ft
—__
State
1942-43, an
"Rationing of gasoline and tires
Date of
Issue /
Rate.
3ft
"
•
Water
.
The following Bonds
General
lected
year.
,
;
time
(par value) bonds held in
Coupon
the
brought
of almost
increase
savings fund__»__—u_—________-_____$295,000.00
Pension Accumulation Fund
'''
L'
year
3,000.00
The. following.,Bonds of the City of Charlotte, N. C.t
$25)5,000 (par value) bonds held in
■
Annuity Savings Fund
v'
taxes
only
war
The General
declining.
$70,514,989.14 during
/: 15,000.00
*
'■
the
Amount
9-1-1957
$20,000.00
of
,
schedule,
$57,370,634.54—a
,000
Sale-r-The /issue
Co., in joint account/ bid
0.39%, at par.
rate of
school
r
North Carolina (State of)
4Vsft
4'/2 ft
—
Funding
Fund
Maturity
Date of
Issue
'9-1-19315-1-1925
5-1-1925
•
Funding
General
Street
■
'
'
"
;Total Bonds :field;ln, annunity
Bank & Trust Co. and Barr
Bros. &
revenue
bonds
revenue
"
these
•
over
without
following Bonds of the County of Wake, N. C.:
'
^
ing the annual meeting on July
8 of Triborough Bridge Author¬
$1,000,000 certificates of indebt¬
ity, Robert Moses, Chairman, an¬ edness offered July 7^-V. 158, p.
interest
nounced that approval has been; 44—was : soldi at; 0.35%
given to the plan proposed by, the basis in amounts: of $500,000 each,
Authority on May 29th to prevent to; the First' National Bank Of
York
and
the
Chemical
default in the Authority's revenue New
bonds which would otherwise oc¬ Bank & Trust Co.; New York.
The certificates are dated July 8,
cur on August 1 as a result of de-i
dining traffic and foil, revenues 1943, and due Nov. 8, 1943; The
brought about by wartime gaso¬ Bankers Trust Co. of New York,
line
and
rubber
shortages.—V. second high bidder, named an in¬
:157, p. 2304. ' Mr. Moses stated terest rate of 0.39%, plus a pre¬
that holders of a sufficient num¬ mium of $13.
The Central Han¬
Authority's $98,500,000
$15,000.00
,
Certificate
ber of the
Fund
schedule to weather the
Co\ipon
Designation
Rate
FUhdinfe:-*L;L.-L.__—5ft ■
days'
'black
coming true wag the Gen¬
Utica, iy. Y.
■
which kept that
of
eral
5.000.0C
10-1-1938
Bond Issuance Considered—At a
The
altered
from
Amount
3V4%
—
and
Date
Rate
4 ft
,,
School
Maturity
source
prediction
early
Date of
Issue
Coupon
•
-
-
to
$90,000,000.
"The tax
following Bonds of the County of Guilford, N. C.s
-
The estimate was
than
more
;
failed
from time to time until it reached
$2,000.00
The
conditions
war
timistic.
12-1-1935
collections
1942-43
bring about expected declines in
some phases of State revenue col¬
lections, they became more op¬
Maturity
Issue
Rate
4ft
4ft
,
It didn't take
$84,227,295. "As ra¬
and scarcities resulting
tioning
5-15-1922
1Coupon.-:
^
Bridge
and Bridge
and
rev¬
'ominohs
cited
would reach
2,000.0c
4% ft
L,'v
- /
officials
the light, how¬
in the fall they estir
l,000.0f
•
in
them long to see
1,000.00
I
'
''-'">',.7
Designation'%
July of 1942 that
2.000.0P
2.000.0C
following Bonds of the County of Alamance, N. C.t
Refunding-Road
$99,127,473.05,
was
7-1-1963
$24,000.00
.
high
,7-1-1965
4 3A ft
of
just closed
total of $103,-
a
7-1-1924
43Aft
auto-
result
a
year
7-1-1924
;,
this
Northern
the
,1;-V
^-
fiscal
7-1-1924
.
history
and
as
4% ft
____________
,
gasoline
4%%
7-1-1956
the
■:•■ ■
"It was in
■
"The
in
4% ft y
•
E. H. Rollins & Sons,
Inc. 1 Also bidding for 0.90s was
an aecount managed by the Har¬
ris Trust & Savings Bank, Chi¬
cago, naming a price of 100.167.
Other members of this group in¬
in
4% ft
•
and
'take'
1941-42.)
1,000.00
,
for
They
441,916.67
in
all
revenues—a
figure by far the greatest in the
history of the State. (The previ¬
Maturity
Issue
;
Rate 'r
pre¬
»
a
collections
"The
Coupon
and
ahead'
revenue.,
brought the State
$22,000.00
'I'yy/
days
rationing.
5.000.00
,
Of the City of Winston-Salem, N. C.:
,
Inc.,
put
1,000.00
1-1-1958
1942-43
surprise.
;
happened was the great¬
revenue
1,000.00
1-1-1953
1-1-1930
5ft
_<
1-1-1930
4Vzft
,
.
of the State—and this despite the
10,000.00
1-1-1952
1-1-1912
4Vsft
______
Amount
1-1-1959
IVift
______
Public Improvement
Public Improvement
est
Date
.1-1-1942
•
2V4ft
due for
"What
N. C.:
Coupon
Street Improvement
Street Improvement
Carolina
year
were
$25,000.00
The following
of
'black
North
10,000.00
1-1-1941
-
,
"One year ago, State officials
looked ahead to the midst-of-war
Amount
1-1-1974
2V4ft
Water & Sewer
1-1-1941
and of holders of at least 66 2/3%
Sale—The
following:
Maturity
Issue
(State of)
High—
The July 4 issues of the Raleigh
"News and Observer" noted the
1,000.00
2V4ft':
Sewer
Carolina
Revenues At All-Time
Amount
9-1-1968
10-1-1931
,:
Coupon
,
Designation
Water &
$2,650,000 se¬
The following Bonds
of the entire issue,
ries B funding bonds offered July
,/"The executives of Triborough
,7—V, 157/ p. 24'00—were awarded
Designation.',;;/;
Bridge Authority," Mr. Moses as¬ School
to the Chemical Bank' & Trust
Refunding
serted, "have been gratified by Sewerage
Co., New York, as 0.75s, at a price
the response given to the plan as Surface Drainage •
of 100.042, a basis of about 0.734%.
Street Improvement
evidenced both by the prompt ac¬
Street Improvement
Dated July 15, 1943, and due on
tion
of. hundreds
of
different Street Improvement
Jan. 15 from 1944 to 1948, incl.
bondholders in giving their con¬ street Improvement
Second high bidder was a syndiStreet Improvement
sent, and by the, wholehearted Street
Improvement
; cate headed by Halsey, Stuart &
support rendered by investment Street Improvement
•Co., Inc., New York, whose offer bankers
throughout the United, Street Improvement
was a price of 100.169 for 0.90s.
States in calling the attention of. Street Improvement
Water
; Among others in the group were
bondholders to the desirability of Water
George B. Gibbons & Co., Inc., this
step in the protection of their Street Improvement
Stone
&
Webster and:: Blodget,
own interests."
-
5Vi ft
Date
following Bonds of the City of Rocky Mount, N. C.:
bonds
sinking fund revenue bonds,
".
,
$2,000.00
at least 50%
revenue
Maturity'
Issue
2'/4%
'
Fuhding
current
held for oper¬
Dateof
Rate
,
Water
otherwise
which
charges
North
"Coupon
*
.
bond
would have to be
of both the serial
Bond
The amend¬
make funds available for
ville.
•
bonds
modify various limitations
resolution. in order to;
ments
■
/
issued in 1940.
were
in
the
under- which
149
150)
ulating
pated
far
created as
for
a
in
excess
spending,
a
the
of
antici¬
fund
was
method Of providing
spending
spur
in
an
antici¬
pated post-war economic sag."
-
THE COMMERCIAL & FINANCIAL CHRONICLE
150
Ncrth Carolina
tion
(State of)
W/c
Series
A
3
.Refunding,
Amount
Date
'Issue
Rate
A
11-1-1936
%c!o
11-1-1951
20,000.00
11-1-1936
■
11-1-1952
30,000.00
Trustees.
County, N. C.:
Date.of <•■;. Maturity
following Bonds of the Raleigh Township, Wake
"///j/-
Coupon
'
School
6-1-1926
-
6-1-1953
6-1-1926
43/4 'w
,4%%
;
•School
Scranton
6-1-1954
&
Water
Sewer
Sewer
&
————:i
——
Refunding
General
The following
1
'11*
\
jyr""w.'
v'-*,
Bonds of the City of
>-
■,
Water
Date of
Issue
5%
5% /
5%
■
10-1-1929
10-1-1929
-
Water
~ "
""
Water
-
"ZL-II-L
Funding
Street
Improvement
;
4%^
I'lIII
Water
Water
'
1
!
School
thereon
Refunding
—
Refunding Road and Bridge
—
—
5% •
2Va%
41A%
Maturity
Issue «
1-1-1909
8-1-1941
12-1-1935
•
School
Total
fund
pension accumulation
said
of
bonds
respective
the
of
obligations
general
are
counties, municipalities and school
districts, are payable from unlim¬
ited taxes, are of $1,000 denom¬
•10,000.00
Itrict
principal and interest of Ala¬
County $35,000 Highway
Improvement Bonds, 5%, dated
Jan. 1, 1909, and held in Pension
Accumulation Fund are payable
at the Office bf County Treas¬
■
mance
Graham,. North Carolina).
and contain no option of payment
urer,
...
5,000.00
Common-;
Secre¬
tary-Treasurer W, S. Harrill an¬
that
he
will
receive
"sealed tenders of refunding and
nounces
funding bonds, dated Dec. 1, 1941,
until
6
(EWT)
p.m.
July 26.
on
in the sink¬
The amount of cash
available, for the pur¬
of bonds is approximately
ing fund
chase
ahd agrees
will
such
and
bidder,v
pro-;
not :less
is
bid
to-pay/
sold .to. the;
be
accrued
than
interest.
.
nance
price
of
as
North
v
Carolina.
•«
April 1, 1945 to 1952.
Bid¬
bid for a different rate
of interest in multiples of lk- of
1%. No bid for less than par and
ders may
interest.
accrued
Bidders
satisfy themselves
must
to the legal¬
as
the
proceedings prior to
date of sale.
A transcript of the
ity
of
proceedings will be
on
file in the
of the Clerk for the
office
all
of
ination
call
for
1
j
exam¬
bidders.
interested
Sold—City
$116,000
re¬
bonds have been pur¬
chased by the City Sinking Fund.
Due on May and Nov. 1 in 1945
funding
to 1950.
and
$20,000 issue of
sold
been
recently
said to
1%,
at
follows: $10,000 to the Kent
tional Bank, and $10,000 to
as
City Bank of Kenton.
Due
1, 1943.
on
Na¬
the
Dated May
The'
Offering
(CWT)
on
1
Due $1,000
in
1944
to
on
Stark County
Note
1948
of County
that
for
were
incl.
}
—
Sealed
until
bonds of
Clerk
awarded to
the
Commissioners
class
of
a
notes
wete
Corp. of Cleveland, as Is,
paying a price of 100.075, a basis
of
about
0.965%.
in
two
the bidding
was
Due
sale
and
entitle
the
bids
if and after the
.
1964 inclusive/
County (P.
O. Bellingham)i Wash,
.
;
Runner-up in
on
'/ *
ing
Municipality
Offering—Walter W. Mit¬
Director
of
Finance,
will
noon
on
416,000
•
11- 8-44
675,000
11-28-44
Tex.2,000,000
8-22-44
Ore.
Dallas.
Denver,. Colo.,' City
:
&
•
1,440,000
6- 7-44
.379,000 11-28-44
335,000
5-17-44
County
Fayetteville,
Fort
N. C._.
Ind.__/i
Wayne,
Holyoke,/ Mass.—1,025.000
Little
Rock,
Portland,
970,000
1-44
11-28-44
1,700,000
8-22-44
758,000
11-28-44
Ark.—_
Ore.
,
Cal.
-
'
Barbara, County,
Winnebago County, 111.
>
La Crosse, Wis,
Bond; Offering—City Clerk
.
L. Kramer states that he will
ceive
both
until
sealed
and
oral
July 20, at 2'p.m.
*
F.
re¬
bids
(CWT)
for the purchase of $150,000 air¬
port bonds.
exceed
Interest rate is not
3%, payable F-A.
$1,000.
1953 incl.
8-
The bonds will be sold
to the highest responsible bidder
at not less than par and accrued
interest.
The basis of determina¬
of
the
best
cost
to
bid
will
rate
interest
interest
bid
and/or
City.
Rates
the
interest musb be
an
be
the
multiples
of 1%, the same rate of in¬
terest to
8-22-44
.
June
The
apply to the entire issue.
purchaser
will
be
required
to. furnish the, blank bonds. Prin¬
cipal and interest payable at the
City Treasurer's ' Office.
Bonds
will be delivered to the purchaser
at La Crosse and are to be issued
subject to the favorable opinion
of Chapman & Cutler of Chicago, '
which
will
charge
to
Bids
must
be
furnished
the
without
successful
be
bidder//
accompanied by
'
166,000
11- 8-44
certified
908,000
11-28-44
a
2%/;///://^
/ $11,174,000
//Anaconda fhotes dated .August^ 3, 1943.-
check
for
not
less
than
•/Total. —J—
the/b^tS
creating" the Wilkinsburg
Authority was repealed at • the
'
CANADA
Federal. Public Housing Authority
Local Housing Notes Awarded
Canada
•
Borough
communities who would have had
to
purchase
Authority.
■MjfSy
water
through
'
;'
•
' '
the
•
|
Tennessee (State
The
Nears
Decline
State
In
of)
$2,200,000
Tax
closed
its
,:
De¬
Revenues—
fiscal
year
June 30 with collections by the
Department of Finance and Taxa¬
tion
running
prospects of
the
$2,248,233,
preceding
a
year
Refunds
behind
but with
general fund
sur¬
(Dominion of)
$250,000,009
—The Chemical Bank &.Trust Co.
of New
July
Notes
Finahce Minister
York, and associates, pur¬
chased
$56,177,000 of the total
$57,860,000, notes up for award by
various local housing authorities
July
6.
The/group (purchased
made
000
1,1944,
at
0.58 %;
Los
Angeles,
Cal., $13,994,000,_ due May 1, 1944,
Dominion
of
Canada
-
Penn., $1,808,000,
due
1944,
at 0.58%;
Camden, N. J * $1,520,000, due
Aug. 1/ 1944, at 0.58%;- Chicago,
111., $8,200,000, due Feb. 24, 1944,
at 0.50%/Galveston, Tex., $860,000, due Nov. 8, 1944, at 0.62%;
Lakeland, Fla., $205,000, due Aug.
Co.,
22,
Aug.
of
2V2-year, l1/^% notes due July 2.
"A new issue of
two-year, 1V2%
notes
Beaver
for
worth
Ilsley announced
provision has been
refunding $250,000,000
that
5
the following:
TENNESSEE
Dated June
Denomina¬
July
Amoufit Maturity
.
that
De¬
Dated Aug. 1, 1943.
Due $15,000 from Aug. 1, 1944 to
and matur-
402,000
been
not
estimated
WISCONSIN
to
indicated)
/■;
has
is
nance
Dated
10, 1943.
as
1943*
10,
it
purpose.
of
August
issue
but
$800,000 will be needed for this}
of lk
dated
house, it has been;
The exact amount of5
bond
settled,
nom.
until
court*
new
announced.
lowest
Santa
the -court ^hati
Surplus
Bond
received
Albany, 'Ga/_:-_./_l$
Anaconda,, Moiit. •--_
Clackamas
County,
;
Judge W. Heber Dithrich dis¬
missed an appeal when Herbert
formed
a
the
(Notes
'
1
•
the
$500
court
be
'•
spite
Youngstown, Ohio
s
-
Co., offering 100.07
Is.
chell,
'
to permit the electors to vote on
bond issue to provide funds for
a
tion
Richmond,
29.
.
thprities, described as follows:
Company at a cost of
$7,880,000 under a municipal or¬
in
Bond Election Pending—The
County Commissioners are con¬
sidering calling a special election
gate of $11,174,000 temporary loan
notes V of
13, Local Housing Au-
the;
Borough to purchase the Pennsyl¬
ended
will
N
WASHINGTON
Whatcom
20, for the purchase of an aggre¬
by the Department of Internal Af¬
dinance
$140,000/
174,000 Temporary Loans—Sealed
proceedings authorizing the issu¬
ance thereof have been approved
July 30 for the purchase of $19,3%
fire department bonds.
to
Federal. Public Housing Authority
/. Local Housing Units Offer $11,-
delphia, and will be delivered to
of
semi-annual
aggregating $30,000, offered
for sale on July 2—V. 157, p. *2401
UNITED STATES
send, Elliott & Munson of Fhila/
000
Due
bonds,-
authorized issue of
purchaser to the return of the
amount
deposited with the bid.
These bonds are issued subject to
the favorable opinion/of; Town-;
the purchaser only
Vt,
bonds
3%s and $25,000 ma¬
on
years.
Village Clerk, for the purchase of receive sealed bids until
1943.
jail
character
or
Council's
meeting '.oft
;■ '■/■,;i
on June
30 and June 14, ;///•■
'i
; The appeal was taken by nearby
the First Cleve¬
$19,800
sale
of
land
bids
noon
July 19 by Fay Rice,
1,
VERMONT
St.' Albans,
Bond / Sale—The
Treasurer
turing $5,000 in 1961 to 1965, as
which includes these bonds, will/ 2%s. "
at the election of the purchaser,
Dated May 1, 1943.
All of said
relieve the purchaser from, his ob¬ bonds are
optional 10 years from
ligations under the terms of the date. These bonds are part of an
$4,000
3%%
semi-ann.
public
building
bonds.
Denom.
$500.
Aug.
and
w
.
Patterson, Borough Solicitor; in¬
(P. O. Canton),: O.
Sale—The
Board
April
Ohio
received
1
the
amount of $42,000, dated Feb. 1,
1925, maturing in 1944 through, —were awarded to E. H/. Rollins
Sons of New York, as. follows; t.1965, and being all bonds now out¬
$10,000 refunding water bonds
standing of an original issue of
$60^000, are called for payment on as 1.10s, at a price of 100.20, a
of
about- L68%.
Dated
August ,1 < and shall be presented basis
to the Muleshoe State Bank, MuleAug/1, 1943. Due $5,000 on Aug.
shoe,/on/date called, where they 1 in 1957 and, 1958.
.will be redeemed at par and ac¬
$20,000 refunding bonds as 1.80s,
at a price of 100.41, a basis of
crued interest.
about 1.78%. Dated Aug. 15,1943.
/ For convenience of holders, ar¬
Due $5,000 on Aug. 15 in 1961to
rangements have also been made
vania Water
by the City Sink¬
Denom. $1,000.
Dated
Interest payable A-O.
for
be
P.
pur¬
par
J. A. White &
May 1, 1944.
Ohio City,
Bond
will
Oct.
offered
street resurfacing notes is
have
at
reports
Kent, Ohio
Auditor
$10,000
imp't bonds have been
street
July 1, 1943.
Clerk Helen
T. Howard states that
Notes Sold—A
Sold—City
W. Jones states that
ing Fund.
Columbus, Ohio
.
Bonds
chased
OHIO
Bonds
Cal.,; $520,000,- due June 7, 1944,
at 0.55%;
Bond/ Call—County
Federal income tax the/interest
on
attempt
the dollar
of
date
■
Bailey; County (P»0. Muleshoe)
/j/ /
" ' Texas
V--4M
:
;
.
tenders.
been
departments other than fi¬
arid taxation, Mr. Duncan
by,
fairs.
Enclose a certified check
All tenders should con¬ The .bonds will be
typewriten, for 2 % of the face amount of the:
tain a description of the securi¬
providing, however, that the pur¬ bonds, payable to the" District!
ties offered, {such as title of the
chaser may have them printed at Treasurer.
; ; >
/ ;
.bond, the par value, the serial his own
expense.
Enclose a cer¬
number, and the price at which
Wilhinsburg, Pa.
tified check for $200, payable to
it is being tendered. Tenders will
the Village Treasurer.
Water Company Purchase Pro-}
be. accepted in the order of the
posal Ends.—Litigation in the con-:
Ravenna. Ohio
.highest net yield on the bond to
test
over
the
upon
have
State
turned in as well as all collections
$5,000.
the Town, based
least
.
from
Invited—Town
the
surplus
at
accounts
all
.
any, pres¬
contract
Tenders
until
-
separate bid must be made
Rutherf ordton, N. C.
.
against
the
for
known
weeks
house-
under
bonds
par
be
.
Helen Jones states that 6% court¬
taxes, ex¬
inheritance
or
of
amount
the State.
highest responsible bidder shall be
^—$455,000.00 the one who, having complied
with the conditions of sale, offers; to take
up
these bonds at the
for the bonds held in each of the
to take the whole amount of tlie"
American/National Bank, Austin,
aforesaid funds.
However, no bid
issue at the lowest interest cost to where
they may be presented on
for less than all of the $750,000
the District, which shall be de-J; said date at the
option of the
of bonds herein described will be
termihed by* deducting from the holders/ entertained and all of said bonds
'total amount of interest to be paid
Interest ceases on date called. :
will be. awarded at the highest .ag¬
on
account of such bonds during
gregate price offered plus accrued
Hondo, Texas
the life thereof, the amount of
interest at the coupon rates from
Bonds Sold—It is reported that
premium offered, if any, over and'
the -last interest payment dates
above the face amount of the is¬
Rauscher, Pierce & Co. and the
thereof.
sue.
General obligations payable Columbian Securitise Corp., both
Bids "must be on a form to bb
San
from ad valorem taxes within" the of
Antonio, jointly, have
furnished by the undersigned must
taxing limitations imposed by law? purchased- $90,000 water works
be enclosed .in a sealed envelope
revenue
bonds
at
a
upon school districts of this class.
price
of
marked "Proposal for Bonds", and
The enactment, at any time prior
100.011, a net interest cost of
must be accompanied by a certi¬
to the delivery of the bonds of about 2.95%, on the bonds divided
fied check upon - an Incorporated
Federal legislation which in terms,
as
follows: $65,000 bonds which
bank or trust company, payable
by the repeal or omission mf ex¬ mature $3,000 in 1944 to 1948, $4,unconditionally, to the order of
emptions or otherwise/subjects to 000 in 1949 to 1958 $5,000 in 1959
the
State*. Treasurer of
North a
and 1960 as
prior to maturity. Legal opinions
of recognized bond counsel cov¬
ering all of said bonds will be
The. right
-. furnished
the purchaser.
Deliv¬ Carolina for $15,000.
ery on or about July 20, 1943, at to reject all bids is reserved.
the office of the undersigned in
:
ChaS. M. Johnson,
Treasurer of the State of
Raleigh, N. C.
A
two
•••
future law of the
assumes-
The
vided
Amount
Exact
wiir not
ac¬
wealth, all of which taxes the. Dis-"
j
record for
a
.0.58%/ Los Angeles County,
$6,312,000, due Aug. 1, 1944, at
0.58%; New Albany, Ind., $619,000, due Aug. 22, 1944, at 0.58%';
New York City, N. Y., $2,231,000,
due Feb. 17, 1944, at 0.48%; Oak¬
land, Cal., $4,136,000, due Aug. 22,
1944, at 0.58%, Paterson, N. J;,
$1,495,000; due Nov. 8, 1944, at Z
0.62%; Pittsburgh, Pa., $5,100,000,;
due Aug. 22, 1944, at 0.58%; St.
Clair, 111., $2,140,000, due Aug. 22, /
1944; St/ Louis, Mo., $6,800,000,
due Nov. 8, 1944, at 0.62%; and
Seattle, Wash., $757,000, due Feb.
24, 1944, at 0.53%.
Capital National Bank of SaeJ
ramento, Cal., purchased $1,683,000 of the total amount up for
award, as follows: . Sacramento,
Cal., $1,163,000; due June 7, 1944,
at 0.55%; and Sacramento County,
.
ination, provide for payment of
principal and semi-annual interest in New York City (excepting
■
or
15,000.00
Maturity
.
Date
8-1-1953
-—Issue
8-1-1934
-
4%
---
All
Rate
•
-
be
payable without
highestresponsible
Bonds of the County of Guilford, N. C.:
Coupon
Date of
Designation
ent
35,000.00
$60,000.00
The following
be
assessed thereon
Amount
" 'Date. 1-1-1959
2-1-1963
12-1-1956
will set
year
TEXAS
taxes, now or hereafter levied ort
Date of
i;
will
succession
cept
$31,000.00
';*>/»
t
.
as
said."
deduction for any tax or
.>*
well
past, three fiscal
end surplus as
the, accumulated surplus
The
years.-
to principal
as
3,000.00
.
surplus of $2,858,000
a
built, up. over, the
only. The bonds and the interest
4.000.00
3,000.00
,f/Z.'.//./ R^te
—
will
5-1-1962
N. C.:
Coupon
-
interest
of
Registered
cepted.
2.000.00
V
5-1-1960
rates
5-1-1961
«.<//
_—
1,000.00
.
5-15-1965
.
no
ent
3,000.00
surplus of $5,000,000
the general fund al¬
bid combining two differ¬
but
5,000.00
10-1-1972 ,5
bids will
of the above rates of interest
any
5,000.00
5-1-1921
■'
Designation //>:/'<///
Improvement
■Highway
5.000.00
.
run even $200,000
thus giving the State an
plus since
ready has
be received for the entire issue at
5-1-1921
•
'f
'■
Amount.
,
:
Bonds of the County of Alamance,
■
.
a
accumulated
'
-
p.m.'
;
,
//-//V/v-}/ 'vl'-
'
■
Date
.
5-15-1964
5-1-1921
5V2 %
—
The following
;
5-15-1922
5Vs%
-
$107,000.00
4-1-1968
4-1-1969
5-15-1922
4% %;
'
—
1,000.00
4-1-1967
10-1-1931
;
20,000.00
1,000.00
Maturity
•.
10-1-1929
4% %
-
Improvement
Street
woter
.
,
/
•
Coupon
Rate
♦
Desiffnation
<
i^/'*•
t f*»
y
40,000.00
15.000.00
1-1-1962
4-1-1957
4-1-1966
Winston-Salem, JL. C.:
■
;
-3ch
Electric Light System—--
Water Supply &
\
1-1-1973
1-1-1941
lrl-1937
2-1-1938
2Vst%
2% c,o
-—
1-1-1972
1-1-1941
until 5
"cinched"
had
pected it might
(P. O.
at
.
M.
W.
Director
he
said
$2,200,000/and
general fund surplus of $2,200,000
on the
year's operations but ex¬
(EWT),
on
July 20, by Jacob Eckersley,
Secretary of the Board of Direc-:
tors, for the purchase of $279,000
1, 1
tV2i m, 2, 21/4, 21/2, 2% or
3% coupon refunding bonds. In¬
terest payable J-J. Denom. $1,000.
Dated July 15, 1943. Due July'15,
as
follows: $13,000 in 1944,, and
$14,000 in 1945 to 1963/ Bids "will'
•30.000.00
•
1-1-J941
•
2J4|>
.
Sewer
&
Water
1-1-1941
2%%
2V*%
Sewer
&
Water
<•••. <
1-1-1971;
Rocky Mount, N. C.:
following Bonds of the City of
The
received
be
$16,000.00
Water
Dist,
Bond Offering—Sealed
6,000.0C
.
Sch.
Budget
Duncan
higher,
Scranton) Pa,
10,000.00
State
,
■
Amount
-Issue
Rate
Desighation
1, as; fol-i plus of between
and- $5,000 $2,400,000.
PENNSYLVANIA
$50,000.00
The
1944
cipal and interest (A-O) payable
at
office
of
Sinking Fund
Maturity
Date of
Coupon
//> //• ■'■/•:'/
Designation
Refunding, Series
in
$4,000
from 1945 to 1947 inclusive. Prin¬
C.i
following Bonds of the City of Raleigh, N.
The
Due Oct.
$1,900.
lows:
(Continued from page 149)
onday/July 12, 1943
in
Canada
tered
that
the amount of
has been sold to
and
each
issue,"
in
held
the
said. ./ ../,/•;
,
the
banks
are
Canadian
the
of
same
the
char-'
amount
dated
were
issued at
par
July 2/ 1943, ma¬
July 2, 1945, and are;, now
noncallable until maturity."
V'/ *
ture
}
maturing
Minister's 'statement
/. ////■/■//
.//.'.-;
"The notes
and
$250,000,-
the Bank of
151
when
rtr
Redemption Calls and Sinking Fund
hame
Dividends
Notices
;
Below will be found
first
current
list of corporate bonds, notes,
a
which
preferred and common stocks called for redemption,
including those called under sinking fund provisions.
date for mak¬
ing tenders, and the page number gives the location in
which the details were given in the "Chronicle."
' Company and Issue—
Date
Page
American, British & Continuental Corp.<—
.
,5 %
debentures,
due, 1953
declared.
'
1
12-yr. 5% notes due 1950 Aug
Corp., first preferred stock
July 19
Atlantic Coast Line RR. of So. Carolina 1st 4s due i948;»Aug 31
American Fruit
r
Growers, Inc.,
! ' "
;'lst & ref. mtge,. bonds, 5s & 4(4,s/ due 1950
*
-
,
,
^
Barge Line (quar.)__
American & Foreign Power, $6 pfd.
$7
mtge. 20-yr. 4%
conv.
s
ref. mtge. bonds, due 1950_-
■
.
$2008
>
1
--Aug
82
,
$2445
1
Chicago & Western Indiana RR. Co.—
.. 1st
& ref. mtge, 4'/« % series D bonds, duel962-_—Sep
1
mtge. 3'A %
-
-
~
,
due. 1945-1947
1
7-
2
of
*
due 1980__July 15
1st ref, mtge, bonds—
Central
1st mtge. & coll,
Higgins Industries,
•
85
1
1
debentures, due 1954—Aug
—Aug
1
Sep
j.
Power &
Lehigh Valley Coal Co.—
"
^
1st and ref, mtge. 5% bonds, 'due 1944————Aug
Lexington Ry. Co. 1st-mtge, 5 %
-
bonds, due 1949
1
4: ■)
10-yr. 3(4%
33'4 ">
:
debentures,
Norwell, Inc., 6%
,
•
1958
,
vlst mtge. 5
serial' notes————Aug
^
.
■ Preferred stock,' 414 %.
$2453
'
if
-
■'
1
series——-—Aug
■
_
Rochester Central
i
57?
•<
Power Corp.—
-
bonds,
Roman
■
8-
2
6
37(4c
$1(4
$1(4
8-
2
7-20
$1V2
7-
*
1st
due
bonds, due
Water
&
1
$2456
1
Aug
93
'
1
Aug
1979
93
' "
■
•&? Paper Go., Inc.—
•
1st. mtge. 4'/2 %" bonds, due
lien
bonds
4
.
?
,,
!
!
1st-' mtge; * bonds,
''•7 ■
■
;
•
1,
1
;
due • 1946'1950_————-Aug
'
California,^/!!? debs., due 1959
United Amusement Corp.,
•^
i
1st. mtge; 5s,
series
.*
15-yr. 77? gold debentures
:
■■
.preferred
Warren
?
.
;
Southern
Wurlitzer
(Rudolph)
$2056
series.A, due 1956——Aug
*
Announcement in
.
2
1
1
$In Volume 157.
9-13
8
5-27
9-
1
6-30
7-15
7-
25c
7-20
7-10
1
25c
7-
63c
7-15
2
6-19
7-
2
1
1
7-21/
9-1
7-31
50c
preferred
8-
2
7-20
20c
(s-a)
8-
2
7-20
7-17
6(40
7-
1
6-20
15c
25c
6-30
6-20
7-31
-
,
8-
$1%
7-15
7-
9-
9-14
•
50c
common
Ins.
&
Co.,
8-
2
7-24
j;40c
8-
2
___
,
J$1V2?
" 35c
,
(quar.)__
preferred
7-
common
2nd
(quar.)_
for
8- 2
7-22
6-28
8-16
7-20
31 (4c
7- 1
6-26
50c
7-24 $
25c
8- 2
8- 2
7-30
$114
6-30
6-26
70c
7-30
25c
7-14
7-1
$2
7-15
6-30
75c
:
common.
Mines
;
Radio
Co.
;
1
7-
8
8-
2
Marine
a
•
$6
Light
&
Ltd.,
preferred
Rolls-Royce,
Roos
ordinary regis, (final)—
$6'4
preferred (quar.),___,
Brothers,
'
Ltd., common
40c partic. preference (s-a)__
Springfield Gas Light (quar.)
Super-Corp. of America—
Trust
Trane
series
Shares
■// Extra
Transamerica
S.
U.
Guarantee
S.
Rubber
Van
1
7-15
7-15
1st
Mfg.,
$3
Warner
Bros.
Pictures,
Wilson
&
.Corp.
Co., $6
Woolson
Spice
6%
(L.
________
9-10
9-24
9-10
L 10- 1
6-
7-1
8-2
9-
2
7-21
1
lc
•
7-15
7-10
7-15
8- 2
6-30
6-30
7-
$1(4
; : 25c
$iy2
_____
6
7-19
6-25 k
6-25
25c
(resumed)
__
7-30
7-15
$1
(initial)
Co.
Wire
9-24
$2
$34.65
______
(quar.)__
&
9-10
20c
(monthly)
Machine
7-16
8-10
9-30
•
.
$1.
75c
(accum.)
(accum.)
common
(quar.)
Spring
A,)
8- 2
$72
'
,
—
preferred
American
2
7-15'
8-16
!
preferred
Co.,
Yates
Young
Oil
2
8-21
25c
/
pfd.
7-31
8-
40c
$iy2
■
preferred
$3.85
,
25c
20c
(quar.)
8% 1st pfd. (final)
$4 preferred (quar.)
preferred (accum.)
Milk,
Walker
Whiting
8-14
8-16
■
8-16'
9-1
7-31
-$1(4
Pictures,
Camp
8-15
7-15
■
: Below we
give the dividends announced in previoui
weeks and not yet paid. The list does not include divi¬
dends
APW
7-15
Abbott Laboratories,
8-
2
7-15:
6-28
10-15
10-
9
6-28
6-28
7-
4-16
;L:V.r;'?•;??::H'■ :/L$L?;
■
8
8-
2
7-21
8-
2.
7-21
6-29
6-29
$2
25c
8-
2
class
Properties
Aetna
Standard
Affiliated
:;/•/
Fund,
Reduction
Alabama
Power,
2
7-16
$iv2
10-
1
9-21
;l__
$iy2
12-29
12-18
1
8-16
8-10
6-30
Alpha Portland
10-15
Canada, ,5%
Mfg.,
pfd.
common
—
8-
7-15
Amalgamated
7-
American Airlines, $4.25 conv. pfd. (quar.)_
American Alliance Insurance (quar.) _______
7-17
7-26
American Asphalt Roof, 6%.
!
(quar.)
American Can Co.
30c
7-15
7-10
7-
1
6-30
8-2
7-16
1
8-
2
6-30
(quar.)—
93c
6-30
6-23
____—
10c
7-19
7-9
9-30
9-15 /
12-31
12-15
9-30
9-15
12-31
12-15
1
7-17
8-
$1.06 «/4
7-15
7-
25C
7-15
7-15
6-30
'
8-16
7-22*
7-
6
Light Corp.—
(opt. div. series of 1928)
37y2c in cash or l/64th share of class B
stock
,
'
8-
2
7-12
10-
____
________—______
1
9-11
12-1
11-25
$2.75 class A (opt. div. series of 1936)
34 %c in cash or 1/32 share of class B
StOCk
American District Telegraph
5% preferred (quar.)
American Envelope Co.,
7%
preferred
A
(N. J.)—
7% pfd. A
(quar.)__—
___—
$1 (4
(quar.)
$1%
•
7-15
75C
25C
common
1
»
6-18
$1V2
pfd. (quar.)____
$3 conv. class A
7-16
7-20
&
;
12'/2C
:
Power
9-16*
50c
-
1
Mfg.,
6-30
1
$1%
$1%
-
preferred
8-10
8
1>
1
10-
50c
7-24
$%
9-
8-
20C
/
(quar.)__
9-1:
Sugar,
9-25
-
$iy4
(quar.)
(quar.)
7% preferred (quar.)
7% preferred (quar.)_
2*
9-
25C
Cement
of
Common
8-21:
1
$1%
pfd.
1%
Aluminum Manufacturers, common
6-25
$
s
7-30
7-20
1
1
3
8-
7-10
6-30
2
3
7-
$1 (4
•
15c
11-
9-
7;
87y2c
GOods
8-
7-15
.
?
6-30»
7-15
25c
(quar.)__
pfd. (quar.)
Co.
30c
7-15
3c
25c
Gas,
Aluminum
$1(4
6-30
common________-__^__
Stores' Corp.,
Aluminum
£55 V2c
7-15
Allied
8-10
________
1
7-14
Allentown-Bethlehem
5
9-17
'(s-a)_____L-—^—__________
1
7-
7-20:
8-
Assn.—-
50c
7-
7-24
50c
6%
1
5
3-31
7-15
$l'/2
preferred (quar.)______
Alberts Super Markets, 6% pfd. (quar.)____
1
8-
of Re0.
1
7-15
$1
•
$5
2
7-12
10-
$1
(quar.)__
(quar.)
preferred (quar.)___
Allegheny. Ludlum Steel, 7%
Holder*
Payable
30c
_
—
7-
$1(4
__
Extra
10-
8-31
B
4% preferred
Inc._
Co.
When
Per
thare
Engineering, common
8-
f
-:Z;;''
preferred (quar.)__
Abraham & Strauss (irregular)
9-
50c
35c
6-25
8-20
?
$1(4
$1(4
6-24
v/j
Name of Company
4%
Air
5c
week, these being given in the
7-15
6-28
25c
this
announced
preceding table.
7-10
Metropolitaa Coal; 5.7~ 1st-pfd.
Die Casting—
1
10-
5 l/5c
(irregular)__„___
Co.; common
12'/2C
Michigan
6-30
6-30
8- 2
30c
(quar.)__f
non-cumulative
8%
Universal
7-20
-j;20c
—
7-15
7-13
10-
(s-a)-__——.
Co.
Magnesium Products
{quar.)
.
L;_
Tung-Sol Lamp Works,, 80c preferred
6% preferred (quar.)
Cities
Mines
6
8-16
8- 2
<7-13
$20c
(accumJ_
Tyer Rubber,
American
Porcupine
8-
7-9/
preferred
Corp.
Central
'
7-15'
2
87(4c
$20c
preferred i:(quar.)________v____i____ '
.6%
American
$6, 1st -preferred. (quar.)
7-20
7-15
7-9
"
(quar.)
■
90c
i
12 (4c '
4-L.l4^4-Ll_LlLlL_LL:/.
Y-viL -LLl; LYV/; 6 0 : '■ $
7-15
McKale's, .Inc.
7-10
9-1
(quar.)
common
6-20
Mclntyre
5
/
-
AA
$3.60
Mfg.,
Co.,
7-
$2460
(quar.)____■
A
Silverwood Dairies,
■
8-
$2460
1
6-19
'
2
25c
___—
7/
8-16
$l5/s
-
Sharp & Dohme, Inc.—„
$3.50 convertible preferred
8-
$1(4
$1%
.
(quar.)
7-10
Light
8-29
20%
General, $6 pfd. (quar.)_^L/.
preferred
7-14
6s-
4c
7-20
7-12
£15c
$$1(4
Ltd.,
8-
(quar.)___
(accum.)
7-20
8- 2
13c
(quar.)__
common
(quar.)
Securities Corp.
$7
(irregular)
Power
Co.,
Paper
8-10
..
Power
7-20"
2
8- 2
7-15
9-1
50c
$2preferred
6-21
8- 2
$1(4
25c
$1(4
Cement,
25c
Massachusetts
•
6-30
$1(4
25c
7-10'
(quar.)
(quar.)__^___L__i____^._;
7-25
75c
—_
'
1
7-15
75c
Inc.
$7- 7
(s-a)__
(quar.)—Li—
7-
2
8-
7-26
7-15
(irreg.)—
,
7-12
7-15
7-15
,
y
7-12
8- 2
26c
(quar;)!
—-L'l'll.L
>;
,
6-18
8- 2
-
8-17$
6-28
8- 2
8- 2
8- 2
6%
2
& Television,' pfd. (initial)
20c
Electric 7 (irregular) 27—L_—
—$1.05
Extra
__
7-12
8-16
5
9 7/10c
•
7-24
7-23
9-10
<
75c
preferred
8-
60c
(final)
Caridy>Shops$ (quar.)
Biscuit
7-
$1(4
Y.)
(quar, I
(quar.)__
common
:
8-
(payable 4n U.S. funds)—
(N.
1
7-14
7(4c
30c
-,$1%
$1(4
Water works, 67^preferred (quar.)
Grocery 6s Baking, - common (quar.)
(
9
7-19
40c
Navigation
preferred
Oil
$2
Telephone Co. (irreg.)
Lake
7-
8-
25c
,,
shares
ord.
6-15"
7-1
$1
(quar.)___j
$134
preferred (annual)
Steam 6s
6-26
9
7-29
30c
:
(qUar.)_--7^—
dep. ;rets,
2
7-
•
$1%
(quar.)—
(irregular)
•
7-15.
7-24
Engineering Corp.—
77
Electric
1
$$2
(quar.)—
(Texas)
1
2
8-16
7-15
Insurance
7-15
8- 2
10c
5%
Westgate-Greenland
20c
—
8-29
35c
7-21
8-
6-29
7- 1
7- 1
•
31V4c
37(4c
U.
8-
15c
.
6-29
6834c
8-14
7-15
7-15
7-15
8-
Thatcher
$2(4
Marquette Cement Mfg., 6 7 pfd. (quar.)—
Maytag Co., $3 preferred {accum.)
*
:
Aug
this issue.
1
7-
$1
preferred
Maiden
2
2•
Co', preferred stock————Oct
'
10-
25c
677 preferred * (quar.)
7//-a
,
"
$2
(quar.)__
57
(quar. )
Life
Margay Oil Corp.
debentures, due 1948—Aug
—.—Aug
James, Ltd.—
•
;ist mtge. 6s, dated 1924-^----——
'
2
25c
Marine
Aircraft &
(A.)
Majestic
$2259
1
Wood,. Alexander 6c
".
8-
1
: '
«
&
common
Loose-Wiles
Brothers Co;—
Collateral trust 4'/2%. bonds,
»"
25c
Belyea, class A
Laura ,Secord
•
Pictures, Inc., 67'
stock
7-15
15 4/5c
$25c
Lkzarjus (F.',' &;R.)L_—_7--—__
;___
Lit Brothers,;>6% vpreferred/(accum.)______
1 j $2355
1
7-30
7-30
,7- 1
$17-1
(quar.)
Corp. (quar.)
Car,
Mfg., 5 4'
preferred
6%
7-15
2
9-
$50c
-
94
-
2
8-
v
$1(4
____
___
9
-
extended at 57 to 1947-—Nov
Warner Bros.
•
;
A, due 1956—'——-Aug
Valvoline Oil Co.—
1
Ltd.—
-
6-30
(Phlla.)—
!
7-15
8*)
7-
8-2
$20c
__
*p
Aug^ 1
6-29
1
Machinery CO;
Rolland
1
77
preferred (tjuarOLiJC-—LI—l—$1%
..Lake' Superior, & Ishpeming R. R. (quar.)
50c
.Lanston: "Monbtoype'iMachine
> 50c
-
1
1
7-
$1(4,
(guar.)___
Concrete Pije,
Rockland
9
(quar.)
preferred
(irregular)
Fire
B
Kroger
:
*
;
6-29
7-
20c
$1(4
10c
$1(4
$1(4
(quar.)
common
7-1
50c
<s-a)
preferred fquar.)
Rochester-American
Ins.
(N. Y.) (quar.)___
Rochester Gas & Elec., 6
preferred C
1
7-
$75c
Shoe
Kokomo
5;
Co.
convertible preferred
Steel
Riverside
8
■
Knickerbocker Insurance
\
*
;
'
-
tf'nibn Terminal Co., 1st mtge. 3 % % bonds, due 1967—Aug
i
8
Ltd.—
Insurance.(Phila.)
"
Dmon Oil' Co: of
77-
7-
conv.
Investors
♦.,
w
%
3
1st ?*/*%, due 1949-—Aug
Trustees of Temple Baptist Church, Memphis, Tenn.—
6%
Kerr
1939——.————July 1-
Strttthers-Wejls-Titusville Corp.,
$ 7.-22 >
8
$3*7J/2C
Investments,
Industries,
..
Inter-Island
-
1955-L-l—^--^Aug
dated
$lJ/2
$1(4
Ins.
Dodge
Rich's
7-17
7
(quar.)__
common
Interchemlcal .Corp., common
'67 preferred (quar.)— 7
*
'.1st
:
6-29
'
8-
-
6-25
8-
Bridge Works
Fire
Amer.
V,
.
7-15
Rheem
7-17
-
Gear & Machine Corp.—
Non-cum.
1
mtge,' real estate 6c leasehold
6tandard^Club of;Atlanta,.Ga,—
1
.
834 7
Imperial Chemical Industries—
jj.J5Vi% vbondb due••• 1944————--1—July.-1 ^;
^"southern ^Advahce^Bag
7-
Scale, common (irreg.)
^
$2
57' preferred (s-a)'__—$2(4
$1565
Co.," Inc.r 1st
2
Howe
$2257
$2353
Slattery
•
2
8-
8-
(reduced)
Wood
$6
,.
3%% debentures, due 1950—-Aug
15c
Republic Petroleum, 5(4%
pfd. A
(quar.)
Reynolds Tobacco Co. (quar. interim)
1
834 7
ordinary regis.—
77
preferred (quar.)——i-.—•
Hotel Barbizorr;{quar,
House of Westmore, 67 pfd. (accum.)
Houston Light & Power, com. (monthly)—
''
v77- preferred ;(quar.)-—_——-—
7
•
1947
•
7-10
Gas Co.
Indian
Red
6-15
1
8-
$4
(quar.)—
Holly Sugar Corp.,
•
July 14
7-10
7-15
(quar;)__'iiL_-i.-L--i-____'
preferred
Read
7-10
2
10c
(quar.)—
convertible
Haverhill
'
Power Co., 1st mtge. 6c coUat,
.
4% bonds, series F, due 1961——Oct
Sinclair Oil Corp., 12-yr.
for
Hampton Electric
Bros.
Harris
*
1
sinking fund
8-
25c
X—.
b-
9-15
50c
-
/Increased)-.
!ShelLUnion-pil'Corp,, 2% r/« sinking fund debs.* due 1961 July 15
trust
(quar.)_
67vlst,''preferred';Hquai,.i);——v--—--
Power Corp.—
mortgage AVz'k
Shawlnigan
-
&
Graumman
J *
,
—Sep, 1
St. Joseph Ry., Light, Heat & Power Co.—
Water
Bridge
Ltd.,
preferred
Great
'
due- 1936-1955
Fabrics,
preferred
Class
$2456
Catholic Bishop of Portland—
Harbor
deposit rets,
"Gordon &
'
1
7-15
75c
______
—
Cincinnati
Corp. of N. Y. (irregular)
Co., Ltd., ord. regis.
Gibraltar
of Ottawa.—
1st mtge., series K bonds, due 1958————
Safe
—
preferred/{ quar;4Y-—u*.———.
Corp;—^———
Georgia RR. & Banking (quar.)
-
t ;
$2353
•
$3
6-30
General
•
'
•
40c
Sxtra
7-23
7-
&
Common
^
Sep
V -; 1st mortgage 4^ 7?-bonds,
6-25
General American Oil Co; of Texas-
'
y
1
60c
(quar.)
-Extra.' -Ji—'_A—>
«
—July 21-
stock-
3D preferred
-C and
Roman Catholic Episcopal Corp,
,4%
,
gold debentures, series A, dated 1928——
Rochester; Gas & Electric! Corp.'—
.
7-
$l'/2
Gar
'
1
July 15
Co.,
Telephone
Raymond
6-21
2
Fort Pitt
92
D\5ya%';-notes___-—---Aug.:;L.
7-10
Pie Co.—
non-cum.
Ralston
7-16
7-
7
92
\
'
8-20
,
1
7-15
Foote
1958-——-i——^.—-,—^017:21;$2455
..Rhebem-Theatres ,Corp., 1st mtge. 5s, dated 1937
.
(resumed)—
common
Fitchburg.Gas & Electric Light (irreg.)
92
Aug. 3
Republic Steel Corp., gen. mtge.AVzB,-series B, due 1961-Aug
!
Utensil
1
7-
$i»/2
Franklin
Protestant Episcopal Church in the Diocese of Chicago—
p1; series
7-20
8-2
25c;
preferred
•
Exeter
$2455 ;
,
'
2
Common
Poli-New England Theatres, Inc.—
mtge. bonds, due
;
,
91.
I
.
7-15
Co,
40c
Pick (Albert) $1 preferred (s-a)
50e
Potomac Edison Co., 6% pfd. (quar.)__
$1(4
7%
preferred (quay,)__•__,
$1%
Prentice (G. .E.) Mfg.
LL-_
50c
Quarterly Income Shares-^-——9c
7-15
9-
$1
$1%
(quar.)_____
Federal Electric Co., $1.50 Glass A
/Federated
Publications (quar.)
$2352
$2455
v
7-20
40c
participating preferred (quar.)
Company
6? Foundry, new common
Lighting Corp. (quar.
Phelps
7-19
60c
Phillips Petroleum Co., l3/4% debs., due 1951—
1st
$1%
(quar.).
;
pfd.
preferred (accum;)
Duplan Corp., 87 preferred (quar.)
Duniop: Rubber Cd;,-Ltdt-r- t " ^ ? ? •
'
.r
r
Amer.
dep. rects. for ord. regis, (irreg.)
Eastern Steel Products, Ltd. (quar.)
Eastern Township Telephone (quar.)
1
Philip .Morris & .Co., Ltd,, Inc.—
~
rpreferred stock, 4 V4%, series^-v-———Aug
,
.
77-pfd.
15c
57
.
$2255
bonds, due,1972—r-——-Aug■. 1.,
(4%
7-15
2
7-
1st
* *
1
-
2
7-26
2nd
$2255
July 21
—
--
debs, due, 1949_--_—Aug
Pennsylvania State College, 3 '/a %
8-
8-10
7-15
2
Car
Peoples
6-17
8-
$iv2
1
8-
50c
Pennsylvania
6-17
,
7-15
Philadelphia Electric Power Co.-—
?.
Aluminum
Dominion-Scottish
•
<4% debentures,;due 1956—,-Jyly 13
___
Pacific Western-Oil Corpv. OVzVo
6-24
7-31
8-
preferred
$4
6-22
8-
*
due; l949i—^-_Aug 1
—July 15
———Aug 1
ratge'. bonds, dated 1936—Nov 15
1st
Paramount Pictures, Inc.,
•
Mills,
American
:
,*
Shoe
Penn Investment Co.
1
10c
$1745
.
"
*3%'%' debentures,, due 1954
;
6-24
:
—
Copper
Dominion
i_—.W-——cAug.; 1
units—^—1—July 30
1954 ._—i
due
2
50c
1
8-
60c
88^.
;
debentures due 1049-—iL--liAug 10
conv,
debentures,
7-
:v $1%.
Wire_
Pasco
Discount
$2252
1
Products Corp.—
North American Co.,
75c
pfd. (quar.
7-12
8-14
$25c
$2152
1
Aug
Minneapolis Gas Light Co., participation
Distillers
67
•
8-7
Marcy unstamped bonds-—-.—-.
National
&
Ribbon
Distillers
1950—---Aug
-10-yr. 5% debentures due
9-15
$$2
37]/2C
$2 preferred A (quar.)_
Deart (W.-E.)- & ,Co. Y——:
Majestic Radio 4s Television Corp.—
*
1
Water, 57
preferred
(quar.)__
Davidson-Boutell, 67 preferred (quar.)
Dayton Rubber Mfg., common (quar.)
87
$2151
$2151
1945
due
10-
'
Cuneo« Press,,- common (quar.)__—^4(8 7 preferred';.(quar;)_ii.—i—it;—,
$2349
6s,
7-10
Davenport
1
mtge.
2
—
$2252
Light Co.,- 1st mtge. 4(4s, ser. A, due 1958-Sep
1
Kansas City Gas Co., 1st mtge, 5s, due 1946
.—Aug 1
Keith-Aibee-Orpheum Corp., 7 % cumul. conv. pfd. stock-July 31
lst
Iowa
1
6-
•
•
8-16
_______
(quar.)
Peaslee-Gaulbert
Corp.,
6%
preferred
(quar.)
2
8-
(ineg.)
common
7-
40c
'
Baking Co.-r-
Interstate Bakeries Corp.-Schulze
7-15
13c
$1(4
£$1V2
(quar.)
7-31
$1.1834
*_
Parker-Young-, 5% preferred_____i
Parker (S. C.) & Co. class A (.quar.)_____$
8
Covington
$2150
>
bonds due 1947——
mtge. 6(4%
6-28
(quar.)
Corn Exchange Bank 6s, Trust Co. (N. Y.)—
(Quarterly)
,
lien & ref.
Steel
de
67
$1459
1
preferred stock„_»-v——-Aug
7-30 •
(quar.)
A
Pacific
7-15 >
7-
"
(quar.)
77-preferred'^
Club
86
,
International Rys*. of Central America—
1st
Corp.,
8-20
pfd.
(quar.)
Chemical Products, 7%
•
Inc., 6%
Electric
7-29
6-30
'
8-16
Extra
Pacific
7-14
pfd.
5%
6'/o
7-10
10c
2 v
15c
(quar.)__^
& Marine
Company
Outlet
20c
Oil
Concord Electric,
Houston Oil Co. of Texas, 4xk %
Ang.)
Ltd.,
7-20
7-20
7-24»
(quar.)___:
Fire
preferred
$5
7-31
6
16c
Chicago Times, Inc.-
••15-yr. 5 % convertible debentures, series B, due 1951—Aug
i
General
Fibre
Century
*
T*
bonds, ser. A, due 1956—July 20
trust 4%
General Finance Corp.—
Co.,
2
8-2
,
-
Associates—
& Fuel
Gas
(Los
7-
■
Cerro
Eastern
Gas
Inc.,
'
.
7-31
55c
(irregular)_____
Realty> Investments
Light (irregular)
Central Power & Light,
*
2
k5'4
Okonite
6-25
1
7 8-16
$3(4
(quar.)
Power
Central
Aug
8
'
;
Inc.
8-
5(4 preferred
(quar.»____
___i
Ohio Loan & .Discount, common (quar.)^___
6% participating preferred (quar.) ______
.-■7-15$;
8-16 '•
10c
(s-a)
Ties
Fund,
Preferred
July 20
bonds, due 1960
Y.)
(N.
7-
37(40
1
25c
Telephone, common
Orchard Farm
Cos., Ltd.
(quar.)
Cayuga & Susquehanna RR Co
"
-
—July 15
1
.
Brummel
Canadian
$2446
V
7-31
25c
10c
Canadian
& Power Co. of Balti-
Consolidated Coal Co., 25-year 5%
Co
Port-Jefferson
Calgary
84
.
Wilcox
&
7-17
,•
preferred
Nunn-Bush
7-20
Bullock's
„
5%
6-21
2
8-
Brockton
$2146.
,
1
—
Consolidated Gas Electric Light
; more,
88-
$1(4
Bremner-Norris
' 84
Congregation of the Holy Names of Mary Roman Cath¬
olic Church of the Parish of Orleans 1st mtge. serial
'
$l'/2
$lJ/2
pfd. (quar.)____
7-20
^
(quar.)
Ohio
Northwestern
v
7-20
conv.
8-
7-31
i(4c
vtc.
6(4; preferred
'
7-20
Boston
•
——Aug
bonds, due 1966
Colorado & Southern Ry. gen. 4Vis, series A,
•.bonds,
50c
2
Beverly Gas & Electric Co.
.
1st
7-16
8-
Bank
83
1 ■../
Cincinnati Gas & Electric Co.—
3
6-25
2
Y 8-2
Beau
collateral trust bonds; due 1946i___~i-.-Sep
Chesapeake & Ohio Rjf.— *
'
"Ref. & improv.,3(4% bonds, seribs E, "due 1996—i—Aug
;
9-
8-
$1(4
(quar.),
common
Paint & Hardware Stores—
Common /(reduced
quar.)'_,——, :
Baltimore American Insurance
is-a)
"
'
9-3
6-30
30c
Extra
July 15
debentures
Ltd., 6
1
10-1
Badger
Canadian Pacific Ry.—
>20-yr. '4(4%
Viscose Corp.,
1st 4s, due 1952———————..July 26
Canadian Food Products,
»
10-
$2
(quar.).
8-16
8-2
25c
Lighting Properties—
preferred
Northern
,
Co.
$1%
Co.
(irregular)
Common
5-21
7-16
50c
pfd. (quar.____
Merchandise
Boston
$2
7-26
$iy2
:
_________
Works_____________________,
Liberty Insur. Co. of Amer. (s-a)
;Common
8-21
9-15
26c
;
preferred
Babcock
-$2143
2
-Aug
,—
Co.,"Inc.—
1st- closed mortgage 5% bonds due 1949--—-
Co!,
(s-a)_
North
7-12
:
(quar.)
Anchor Post Fence, 6%- prior pfd..(quar.)__
Atlantic City Elec.,-$6 preferred (quar.)
Bedford Pulp & Paper
Bush Terminal
J.)
2
Atlas Powder Co., 5%
.
\6Vc
N.
(irreg.)^_—;
9-15
20c
Iron
York
New
6-26
1
9-15
6c7
Stove
57?
*
Baldwin Locomotive Works—
8-
$1.40
(Newark,
American
81
Atchison, Topeka & Santa Fe By.-r-/,.,
✓
f
-Californla-Arizona Lines, AVa% bonds, due 1943——Sep
1
;
Insurance
7-
::
15c
—^
io-
Extra
o] Reo.
$1.20
(accum.)
p-15
$1%
Co.-.——.
&
Neiser Brothers, 4%
Holdert
Payable
V/2%
Extra
<
American
1
f. "bonds, 'ser, B, due 1955_._r._Aug
s.
(accum.)
American rtjteamship,- Co.
Armour & CO. of Delaware—
1st
preferred
American
a'a
Y
12443,
1
preferred {initial)
American
*
*5
,
1—-Aug
•
v;'
American Superpower
Afizojzna Power Corp.—
Allied Finance Corp.,
$1417
9-15
10-
10c
(Jphn)
National
are:
$hare
.
9-15
10-
Munising- Paper, 57o 1st pfd. (quar.)
Battery Co.
When
Name of Company
,,
10-
National
,
,
The dividends announced this week
8-14
$iva
Copsol. Water, $7 pfd. (quar.)__
Drop Forging class A (quar.)
;
Morrell
of Reo,
9-
$1(4
$1(4
Monmouth
Moore
Holdert
Payable
25c
preferred (quar.
Mission Dry Corp.
National
'
'
Share
T/o
we
81
12141
X
—AUg
second table in
a
given
under the coippany name in our "General Corporation
and Investment tfews Department" in the week when
t2208
-
;
—
week. -! Then we follow with
ord fit past dividend payments in many cases are
,
Aircraft Accessories Corp., preferred stock, par $5—---July 30
Alabama State Bridge Corp., 4%
bonds due 1952
Pec
1'
Allied Stores Corp., 4y2% debentures, due 1951__——Aug
1
are
show the dividends previously announced, but
which have not yet been paid.
Further details and rec¬
The date indicates the redemption or last
;
grouped in two separate tables. In the
bring together all the dividends announced the
we
of Company
Michigan Public Service/com. (quar.)__^___
$6 junior preferred (quar.)__
.6%, preferred (quar.
6%, preferred 1940 series (quar.)
& FINANCIAL CHRONICLE
THE COMMERCIAL
American
Fruit Growers
preferred (quar.)
Home Products Corp. (monthly) —
American
Products,
American Maize
25C
common
National Bank & Tr. Co. (Mobile)
American
50C
Quarterly
(bi-monthly)—
Co.
News
American
Goods Co., 7% pfd.
American. Paper
Amerada
Seating
American
Co.
1st preferred
Commonwealth
7-15
6-31
1st
7-12
6-22
Concord
50c
8-31
8-
Wire
Anaconda
7-1
(quar.)..
7-20
Barber
7-15
6-30
Consolidated
2
7-9
Consolidated Edison
7-22
;
6-15
8-
$iy8
8-
2
7-20
25c
4
Co.
7-15
1
1
8-2
of N.
Co.
7-30
9-25
12-24
$6
7-15
Consolidated Vultee
6% preferred (quar.)
Aircraft,
Gillette
1
9-
1
8-16
7-15
6-30
7-15;
6-30
$1
8-2
7-
6
50c
7-15
7-
7
7-30
62V2C
2
11- 1
8-
8-
t$l3/s
4 7r 2
Crown
9
2
7-15
6-30
7-21
7-15
8-
75c
30c
8-
2
7-15
t$l3A
7-15
6-30
7-15
7-
Port
&
4
Cunningham
9-15
?-
8-20
25c
8-
1
8-
1
65c
7-26
$1%
7-15
500
7-15
8-
7-24
.
$3y2.
5
7-10
7-
•
2
f.
$80c
class A (accum.)
of Canada (quar.)___.,—
Ltd., common (quar.) „
'
Wheeler
Elec.
7-15
6-23
10-
1
8-31
Davidson
10-
1
8-31
Dennison Mfg.
50c
8-2
7-16
$15c
8-16
7-31
t$2
'
m
1$134
& Sons (s-a)
:
Mfg.
Inc.
Bros.,
Co.,
$2.40
preferred
Ltd,
Biltmore Hats,
(quar.)
2
Chocolate,
Hershey
,
43%C
8-16
8-
9-
$iy4
8-13
1
6
$4 convertible preference
7-20
7-15
2c
7-15
6-25
Holly Sugar Corp.,
Co.,
57o
preferred
.
—
.
8-
.$2
—
2
Horn & Hardart
75C
8-
2
7-20
9-
1
8-16
■5%
(N.
Finance
Black-Clawson.Co., common
Bon Ami,
Class
Co.,
class A
B
Extra
•
Columb'a
prior
Columbia
British
British
Cadwell
.
Bank
of
7-10
Dominion
Glass
Co.,
7%
$32 Vic
7-15
6-20
Dominion
30c
7-15
6-30
Dow
:
20c
$3
pfd.
pfd.
(quar.)
,
8-20
Eastern
Sugar
$5
2
7-16
t38c
$8- 2
6-30
$20c
$8- 2
6-30
8-
$1.77
—
75C
preferred
8-
El Paso Electric (Del.), 6r/o
7%
2
6%
6%
$iy2
$iy2
7-15
6-30
Employers Casualty Co.
Callite
■
-7%
Northern
preferred
Power,
Starch
Ry.
7%
pfd.
Canadian Breweries, $3.40 conv.
Canadian
5%
Bronze
Co.,
preferred
General
Registered
Class
1%
(quar.)
pfd. (quar.)
8% pfd. (quar.)
Canadian
Class
Central
Covp.
Kansas
New
Central
Chain
—
(s-a)
Ry.
9-
1
6-30
7-31
6-30
7-31
6-30
7-15 4
.
6-30
$5
(quar.)
com.
—_—_
4%%.
pfd.
5%
(quar.)
pfd.
—
(quar.)
8-
2
D.
7-
5
6%
Products—
.
-$lMe convertible preferred
'
v...
$50c
6-30
Federated
8-3
6-30
Fenton
National
Fund.
Chemical
Chickasha
Inc.
Cotton
Quarterly
Chilton
Bank
Co.
(s-a)
7-21
7-
7
United
7-7
Field
37V2c
V 7-15
6-30
Filene's
17c
v
9-178-
2
9-
7
(Marshall)
(Wm.)
—
4%%
preferred
6-30
Firestone
Fund
Fireman's
Tire
(resumed)
$1
7-20
7-
$1.19
7-15
6-30
First
Mutual
8-
7-12
First
National
$1>A
2
5
7-15
7-
3
25c
7-15
7-
3
S-30
9-20
First State
5%
preferred
(quar.)
-
Foster
(M. H.)
Wheeler
of
5%
]'i
1
8-
2
7-
9*
7%
Industrial
Co.
25C
10-15
9-15
Froedtert
Grain
15c
8-13
9-
50c
7J-15
6-30
$1.50
3
$1%
9-
1
8-16
$1%
12-
1
11-15
.,
$1%
7-31
7-6
pfd.
1
3-21
of
7-12
7-15
$1%
8-
2
7-20
10c
■
8-
1
,
7-15
1
7-16*
$13.50
"
fbtW
(quar.)
A (quar.)——
f$iy2
$l'/4
(quar.)
,
'■ y
,
$1%
to
preferred
Fund
"C"
Kalamazoo
Kokenge Co.
10-
&
Furnace
Department
Inc.,
Kennedy's
preferred
6-30
7-15
6-30
Kentucky Utilities, 6%
35c
7-31
7-10
7-31
Keystone Custodian Fund,
Special —44.—:
7-15
6-10
8-
7-16
.
.
7-21
1... Series
$1 Me
1
75c
'v
9c
$2
—
7-?6.
Plant
7-26
7-15
7-
6
7-
5
6%
La
$1%
37'/2c
$35c
7-15
6-30
1
9-15
7-23
6-30
10-
75c
7-20
7-13
7-15
7-
7-31
7-15
30c
7-31
7-15
$1
Loom,
7-23
7-
3c
: i5c
r
60c:
•$1%
;..2oc
7-15
7-
1 '
50c
7-15
7-
1
pfd.
7-16
15c
7-31
; 7- 7
20c
31V4C
$iva
7-20
7-10
7-15
6-30
7-15
6-30 4
63c
4.^ 32c
7-15
6-30
7-15
6-30
^8c
7-15
6-30
common
(quar.)
(quar.)
•
7-28
—
series B-3
Mfg. $1
Machine,
common
(quar.)
preferred
preferred
conv.
pfd.
(quar.)
7-19
8-15
7- ."94
20c
7- 3
7-15
7-15
7-
8-16
8-
11-15
11-
$l3A
;
4;
9-15
9-
$13A
:—
Bryant, 7% preferred (quar.)
;
4
Langleys,-Ltd. 7% conv. preferred (accum.)
7% convertible preferred (accum.)
;
8
7- 8
25c
12-15
12-
—
'
'
25c
(quar.)-
,——
(quar.)
(quar.)
2
7-16
7-15
25c
:
—,4
6 f
5
•
4,
4
$13A
J50c
8-2
9-11
9-
12-11
12-
/
3
f50c
3
7-15
6-30*
44 50c
7-15
7-15
6-30
75c
Langendorf United Bakeries, class A (quar.)
6 7c
7-15
6-30.'
50c
7-13
6-30
preferred (quar.)
Lawrence Gas &
Electric
(quar.)
r_-
8-2
7-20
2
7-20
10-
1
9-20
Lee
7-15
6-30
Leece-Neville
6-30
-
8-25
8-
,
$l'/2
common
8-
7-15
9-15
15c
(Va.) —
preferred (s-a)——_.—
4
44
$3
Leath & .Co.,,$2.50, preferred (quar.)—62'/2c
Lebanon Valley Gas,.6% preferred (quar.)—
75c
3
4
6-19
10-
15c
Lane
'
1
4 8- 1
$2.95
8
25c
20c
—
7%
9-20
Engineering—
&
Choate
Common
.
9-30
7-19.
_____
Corp. of Del.,
preferred ■ (s-a
Landis
6-30
9-30
7%
$1%
7-15
8-2
■
&
Lamson
7-20
1
7-15
Baking—4
7% 2nd preferred (quar.),,—$13A
Knudsen Creamery, 60c pfd.- (quar.)—4
15c
Kreuger (G.) Brewing (irregular12V2c
7-15..
7-15
11-10
2
8- 2
(irregular)
S-4
Kroger Grocery
7-15
10-
1
8-
$1.06'A
common
convertible
$1.25
7-15
t
12-
(quar.),—_—
Stores
$ 1 Me
50c
8-10
10c
______—
Kellogg Switchboard & Supply,
9-11
1
'
1
30c
.
44,
Stove
Kalamazoo
Kaufman
•
6-30
9-
Allegan & Grand Rapids RR. Co.—
Semi-annual
9-15
6-30
7-20
30c
——
Julian
12-15
6-30
7-20
•
,
7- 74
1
$1V2
-
—
7-16*
9-30
6-30
7-20
8-
75c
8%
9-16
12-20
7-15
8-
20c
:
——
-
Ironrite Ironer, common
&
6-15
10c
8-16
1
4 7-15
87l/2c
81'Ac
-
,
(quar.)
6-16
Inc
preferred B (accum.)
preferred C (accum.).
Fireman Mfg., common (quar.)—i.——
Common
7-21
7-15
t75c
pfd. (quar.)
conv.
1
25c
$1%
87y2c
—
(quar.)
1
10-
$iy4:
.
(quar.)
common—
preferred (quar.)
Jamaica Public Service Co., Ltd.—
4V4% preferred (quar.)
Joplin Water Works, 6% pfd. (quar.)
8-
15c
8%c
approval of the S.E.C
the
Dept. Stores,
8-30
$iy2
37 '/2c
(quar.)—
—
6'4
Iron
7- 2
7-31
8-
15c
$1.183A
4—4.
50c
f50c
.4—4-
——
6'/2%
>
7-15*
$1%
preferred
the
8- 2
$1.
(quar.)
Malting, common (quar.)
(quar.)4._———_.4~4:—
$3 non-cum. preferred—
Fuhrmann & Schmidt Brewing—,,,
Fuller Brush,
class A (quar.)
Clas3
AA' (quar.);———,r—,,x_4—4
T7f>;
preferred ..(quar.),,
Fundamental Investors, Inc.
—
$1.20
Fruit
—
Iowa; Electric Light & Power-»7% preferred A (accum.)
11-20
(this paymt. clears all arrears)
—
7-15
Util. Corp., $3.50 prior pfd.
Investors
7-17
9-
?5C
prior pfd. (quar.)
Canada, Ltd. (quar.)
Foundation
6-19
(quar.)—.
U.
Subject
•
7-31
.12- 1
—
(Chicago)—
preferred
8-20
7-15
8-16
|
6-15
9-10
Industries,'Ltd.—
$1%
(quar.)
6-30
:
Ltd.
$1.06 V*
Corp., 6%
of
Holdings,
Investment Foundation 6%
$1.25
(quar.)
Shares
Pittsburgh
Society
Co.
FresnUlo
11-
30c
(Wash.,
Fran.)
7-10
•
6-15
pfd.
Interstate
484 24 yj:v
4
$iy4
...
6-16
Cincinnati' Postal Terminal Realty—
6V2%
preferred
(quar.)
7-10
$1.25
prior pfd. (quar.)
Marshall Field.
(San
Fund
Pawners
6-30
-
7-15
12M.C
(quar.),—_____
Bank
7-15
(quar.)_
preferred
7-3
*
——
Quarterly
Fishman
Cincinnati New Orleans & Texas Ry.—5
3
7-
7-15
30c
Rubber——,,——.
Trust
7-15
——
6-30
7-15
4 4 $2 Me 4
(quar.)
1
8-
7-15
($5 par) (quar.)
payments shown above are pay¬
S. funds, less Canadian non¬
resident tax.,
Dyeing Co.— ;
common
Ins.
&
6c
(quar.).————.
Churngold Corp.
,7-15
$1%,
7%
under
see
Sons.,
25c
(quar.)—
in
25c
(quar.)
6-29
two
able
.
Fibreboard
7-10
i——
Co.
The
6-30
4—
preferred
6-30
7-15
preference
7-6
(quar.),,—
com.
2
|20c
$37^20
Corp.—
4_^.,4i-
Milling, 5% preferred
International Nickel (Canada)—
,7%
preferred
(quar.)
7* 6
.
Stores,
6-30
8-
7-30
6-30
common
convertible
2
(quar.)— _—
Corp.
12-20
8- 2
6-30
preference
7-15
—
Cleaning &
___
———
Oil
8-
Harvester,
6%
.
Ins, (Syracuse, N. Y.)
Finance
12-30
6-30
_—
liquidating)
8-2
,—;
preferred (quar.)
Products, 6%
1%
7-91
70c
—
$iv2
(quar.
9-20
7-15
International
7-12
3c
Foundation
Chase
8-10
.
Department
7-20
4: '':4'
,
(quar.)
1
(quar.)——
common
preferred
8-17
7-15
Machines
convertible
$iy2
—
Services
C.),
7-15
37 V2c
'—
8
'
h
15C
4——
—
——
7-
7-
10c
Qnarterlv
1
9-30
9-
50c
(s-a)
Powders, Com. (quar.)
(quar.)
6%
4: $iy4
(quar.)
—
Farmers & Traders Life
6-30*
7-15
$1%
preferred
International Metal
9
$3
(quar.)—
Bronze
participating
Int'tional
Metallurgical, $5 pfd.
preferred
9- 1
'4 8- 2
40c
(quar.)—
Power,
Co.
Fansteel
t$l
_
6%
6-15
7T15
preferred (s-a)
Federal
$50c
$$1
(quar.)
Corp
Power
Republic
Store
1
$1>A
—
.
Ohio
7-
7-15
$1'A
Co., common —.
6%
preferred
(quar.),—
Falstaff
Brewing Corporation
(quar.)——
2%
(s-a)—
7-24
4
7-20
Fairbanks
+ 10c
-
Associates
York
Extra
6-30
10-
-
6-30*
International Match Realization Co., Ltd.—
$3'/2
Eureka Vacuum Cleaner
: 8-12
:
7-15
50c
Exchange Buffet Corp. (resumed) ——
7% preferred (quar.) —
Fair
(The) 1% preferred (accum.)—
1
7-15
$1 y4
America
7-31
$iy4
Faber, Coe & Gregg,
4convertible
&
Investment
Central
7-15
:
Ltd.—
—
preferred
Hudson Gas & Electric,
Central
9
6-18
4 7-15
$$i%
(quar.)
——
Central
7-
Ry.—
Central Cold Storage Co.
Central
7-9
7-31
,
$$1V4
Clinchfieid
Aguirre
2
8
8-16
$15c
Wallpaper Mfrs.,-class A
B
Carolina,
8-
6-21
8-
0
$$iy4
class A—,
•;
non-cummulative
4#>
$$2
4
North
International
$lJ/2
1
9-
8-1
7-31
4^44'
preferred(quar.)
Eureka Pipe Line Co.
7-13
7-15
7-31
——-
>! $5
5
2
30c
8-16
: $iy8
Railroad,
$5 preferred (quar.)
6%
quar.)___
Light & Power
Canadian Pacif'c
.
1
4 8- 2
$1V2
6%
(accumulated)—
Investors
Canadian
$50c
2
8-15
i$iv*
■
B ——I
preferred
8-
10-
$37'/2C
,
Canadian Internat'l. Investment Trust,
5%
—
preferred (quar.)
Canadian
6-19
Investments-
(increased
Canadian Industries, Ltd.,
'■
6-19
7-15
$85c
—
Canadian Fairbanks-Morse,
7-26
of
Co,
International
Erie
$$3 y2
(s-a)_
(quar.)
Canadian Foreign Investment.
Canadian
Quarterly —
Employers Group Associates
7-21
•$15c
pfd. (quar.)
common
(quar.)
Canadian Converters
7-31
t$l3A '4
—
(s-a)
Co., Ltd.,
7-31
8-16
$$iy2
(quar.)
common
(quar.) —————-i-—
Canada Southern
Canada
8-16
8- 5
5
7-
8-
$0.0212
8-16
—
(Dallas)
7-
7-15
40c-
.....444.
V Quarterly
International
common
10c
37»/2c
Corp.
Tungsten
Mfg.,
7-15
25c
common—;
Shares
6-15
preferred (quar.)
62«Ac
—
preferred (quarter)
6-30
Group
7-15
..
>6%
Electric
7-19
20c
International Business
preferred (s-a)__—
2nd preferred (quar.)—
Emerson
7-15
2
$1V4
6-30
1st
6-30
7-15
7
yj.
Extra
(6th
preferred (quar.)
7%
7
8-
$$2
7- 2
Ely & Walker Dry Goods—
7-15*
8-
8-
25c
$1'A
30c,
.
6-30
$iy4
$1V2
$l3/4
$$1%
1
'
6-30
7-25
.
6-25
7-15
25c
(quar.),
2
*
•-
7-17
7-17
(quar.)__
7-30
..
4
7-20
1
8-
$1
75c
(accum)—
vtc.
7-15
Canada
8-
(quar.)
preferred (quar.)—
6-30
5%
7-30
$10c
Associates—
7-15
—
preferred (quar.)—
preferred series of 1927 (quar.)
California Packing Corp., common <quar.)
$30c
$$1%
(quar.)
$13A
CaMfornia-Oregon
Insurance
(quar.)
Electric Bond & Share, $6 preferred
-
.
Institutional Securities, Ltd.—
,*
(quar.),;
8-2
50c
(quar.)_i
Indianapolis Power & Light,
'
$5
(quar.)
Power, 7%
East
7-20
$1%
V
6-30
Insurance
Dwight
6-30
1
7-24
7-30
lc
(quar.)
7-15
6-28
Mfg. .(irregular)—.—;
Pennsylvania RR. (s-a)
7-17
9-15
$25c
8-16
$ll/4
preferred
6-30
2
6-28
——
preferred
7-24
(quar.)__
preferred
7-30
7-15.
preferred
8-16
J5c
——
7%
8-
$$2
common,,——
5%
preferred
7-15
Ltd.
,(quar,)—
preferred
$4y2
7-15
$5
$$1.25
Corporation, common (irreg.),.
Du Pont (E. I.) de Nemours— ;
7-15 *
8-
$$iy2
—-
7'/o
Co.,
Duquense Light,
7-15
15C
Duplan
6-30
7-15
$50c
8-12
2
—i.—
Textile,
preferred
1
8-
pfd. (quar.)
Dominion Tar & Chemical, 5'/2%
-
(quar,)
6%
preferred
$$1.75
6-26
Chemical
9-
.
(quar.)_
common
6-26
6-30
75c
——
8-2
Extra
preferred
1%
7
$40c
Ltd.,
8- 3
30c
Hydro-Electric Securities Corp.—
5%. preferred class B (s-a)_.
Imperial Bank of Canada (quar.)
Incorporated Investors Indiana Associated Telephone—
5
7-
$iy4
,
(quar.)——14,
Canada
(quar.),:
Dominion Oilcloth & Linoleum,
:
8-
7-15
(quar.)
7-15
:•
(quar.)
(quar.)
Power,
Ltd.
6
8-16
(s-a)„
(quar.)
preferred
5 %
pfd.
1st
$1.50
5%
(quar.)—,
Dominion
Mines,
pfd.
pfd.
part.
8-16
—————.
Electric
California
2
6%
7-15
----i—---„
Mills.
Linen
Stores
Dome
7-15
^-15
participating 2nd preferred
80c
Home
7-15
Corp.—
■■
theron
'j8-
;
Dixie
;
*
4
50c
—
(s-a),—
Co.,
Corp.-Seagrams,
HOC
Pulp & Paper (quar.)—
Buckeye Pipe Linfe .Co. -v——————:
Byers (A. M.) Co.—
77c preferred (accum.).
Representing the
quarterly dividend
of $1.75 and
in•
2
Ry.—
Columbia
fcerest
8-
,7-31
v7-31
Match
7-10
.
$4
(quar.)
7-15
8-14
$3J/2
.
pfd.
$20c
Brompton
■
Distillers
Michigan Stove, 5%
68 %C
,
•'
6-30
6-28
7-26
5%
.
6-30
(quar.)
Telephone—
?
2nd preferred (quar.) —1—
6 %
Diamond
1
(s-a)—
Power
(quar.)
Class A
:
preferred
7-14
8r.
,
7-20
————
Electric
8-25
7-24
16c
Cordage Co., $1.30 pfd. (quar.)—
Bridgeport Hydraulic (quar.)
5%
9-1
y
50c
—
Brpntford
British
Detroit
Detroit River Tunnel
$1
Ltd. (quar)—————-
———
8-25
7-
7-15
25c
$10
(quar.)
1
7-15
30c
Derby Oil & Refining, $4 conv. pfd. (accum.)
9-
25C
(quar.)—.——
$2.55 preferred
Bourjcis, Inc.,
Huttig Sash & Door,
62 V2 c
——
-——
Property Trust (quar.)___—
Bralorne Mines,
Hummell-Ross Fibre,
12-23
22v2c
(resumed)
common
Co.
Boston Personal
10- 1
t62V2C
(quar.)-;—-—„
(quar.)-
Edison
Boston
11-15
1
$iy2
6% preferred (quar.)
——————
Bloomingdale Bros., Inc. (irregular)
Blue Ribbon Corp., 5 7c preferred (quar.)
Bobbs-Merrill
1
12-23
40c
(quar.)
1
$1
—4
common,—,
Corp., common
10-
Detroit
7-15
8-
15c
$l'/4
(quar,)—,,—
preferred
Household
Y.)
12-
7-15
7-15
2
$1'/^
—
75C
6-30
6-30
$1%
25c
7-20
7-12
75C
,
4
......
Mfg.
8- 2
(quar.)
7-15 4
7-26
4.7-24
$13A
&
68%c
——
$8
7.y2c
—.
$13A
Detroit Gasket
8-
(quar.)
common
(quar.)
7-15
9-30
68%c
preferred; (quar.)——
Horders,. Inc.
(quar.)———v
Home Dairy (Mich.) $2 class A (quar.)i
$2 class A (accumulated)
(quar.)
2
6-30
10-15
l'/o
preferred
8-
7- 8-
V 7-15
Highland Dairy,
preferred
$1%
(quar.)
preferred
$7
7-20
$l3/4
$l3/4
.
__
11—19
Higbee
>.
7%
Co.
(monthly)
11-29
—
Edison
47-; 8:4
Higgins Industries, 6% preferred (quar.):
5% preferred (accum.)
Hollinger Consolidated Gold Mines, (monthly)
Holly Development Co. (quar.)
1
7%
4
Co.
7-22
1
2
6-30
7-15
(quar.)——
9-18
6-30
8-
7-15
2
75c
7-
7-
7-15
-
7-15
(quar.)
8-16
7-31
'
8
6-30
*-4
9-30
8-16
.
9-
7-15 *
U2Va
60c
,
(quar.)
7-15
7-15
25c
6-18
7-15
4,——
Hibbard Spencer Bartlett &
7-22
25c
(quar.)-
2 : 4' 7-15 (■:
$1.50
4.—
pfd.
conv.
common
}15c
—
Foundry & Machine
Steel
Birdsboro
75c
Light (quar.)
Hartford Times, 5J/2% preferred (quar.)
Hat
Corp. of Amer., 6Vz'/e pfd.
(quar.),_
Hercules Powder Co.,
6% pfd. (quar.)
Crocker-
as
8-
6-30
i$iMi
Electric
15c
Birtman Electric Co., common
11-1
-
-
25C
Co., 8%
(quar.)
11-15
$l3/4
4;
IOC
debentures (quar.)
$6 convertible prior preferred (quar.)
Dentist's Supply, common (quar.)
Common
(quar.)
(quar.)_
50c
(initial)
Foods, Inc.
Best
8-14
*
(quar.)
(quar.)
8-14
9-13
North America—
,30c
Cypress Abbey - Co.^-^.—_
W. Liquidating Co.—
(Liquidating) formerly known
2
9-15
$iy4
Harrisburg Gas, 7% pfd. (quar.)
,—4
1% preferred Tquar.)',,^
——■.
Hartford
C.
Ltd.—-
Brothers
6%
7-6
v
(s-a)
Stores
7- 6
7-15
8-
of
$2
RR.
7-16
20c
'50c
Greenfield Gas Light—
?
<■
6%'
non-cum.. preferred
Harbison-Walker Refractories Co.—
7-2
$l3/4."
..
6-30
25c
,
7-10
7-15
8-2
Co.
6
25c
:
Halle
7-10
:
8-
4
7-1
1
4
8-31
25c
(quar.)
Drug
8-20
1
8- 2
8-
7-15
-'(Montreal)- (quar.)
Extra ,4
—4.,—
6
■4:;
(quar.)
common
Clinton
9-
25C*
8-
8-16
9-15
6-30
8-16
7-
7-15
Guarantee
-
7-9*
7-26
Engineering Works
——
7-15
6-30
•
8-2
25c
15c
9-18
—
preferred
;;
9-18
1
10c4
6-30
—————
pfd. (s-a)
1
7-10
25c
8%
Culver
7-15 ' 4 6-18
,
10-
,
Crum & Forster,
7-20
$iy2
12j/2C
6-18
:io-
Publishing, 7% pfd. (s-a)
Drug Co., 1% preferred (quar.),,—
Zellerbach Corp., $5 conv. pfd. (quar.)
Crown
7-
3
7-20
$2
7-15
7-20
8-2
Great Lakes Power, 7% preferred (quar.)___>.
f$l3/4
Green (H. L.) Co. (quar.) u4,—44—50c
7-15
:
Crowell-Collier
7-15
Great
2
6-28
$l»/2
Gotham Hosiery Co., 7% preferred (quar.)__
Great American Insurance
(N. Y.)
(quar.)
3iy4c i-
,
1
7-15
Lakes
1
7-10
7-19
$1^
...
6-30
8-
7-
2
62'/2c
$5 convertible preferred (quar.),——
Gosnold Mills, 5%
prior pfd. (s-a)
2
*
4 6-25
7-15
$1.25
(quar.),
—
Gidding & Lewis Machine Tool—
Golden State Co., Ltd. (quar.)
Goodyear-Tire & Rubber, common —
8
7-26
' $1
Gladding McBean & Co.
8- 2
.-4.50c
Crosley Corp.
6-25
1
8-
7-
$2
150
convertible
$1
8-2
9-
8-2
6-30
$1.25
'
—«
$5
8-
,
9
7-16
8-
6c
(quar.)
Gimbel Brothers,
.
*
:
common,.
preferred (quar.),,
Consumers Gas
(Reading, Pa.)
Container Corp of Arner..,!
Coon (W. B.) Co., common,7 (io
preferred
(quar.)
Corn Products Refining, common
7% preferred (quar.)
$2yz
(Mass.)—
interest
beneficial
(accum.) —
—4,
Safety .Razor, $5 pfd.
(quar.)
$6 pfd. (quar.)
5
$75c
y'y
7-
2
7-14
$lVa
$iy»
(quar.)
preferred
7-
.
,12y2e
common....,,,,.
preferred (quar.)
9-18
7-20
5c
pfd.
$4.50
Corp.,
7-
$50c
(s-a)
6-30
7-17
1
8-
:4, 28c
y44; 35c
pfd. (quar.)
General Steel Castings Corp.—
Corp.—
Stores,
Motors
2
$1.87 y2
'
4 7-20
2
10-
$2
(quar.)
$1%;
.
Retail
;
—
$VA,
.
.
i
8-
$1%
(accum.)
4',
Trust
of
8-
37 y2C:
.
Laundries
Investors
Certificates
preferred
Elec., $5 prior pfd. (accum.)
General Mills, Inc.
Y.—
(quar.)
7-15
30c
—_
(quar.),,„—
Corp.,
$iy2
'
8%
$1.25
preferred
(quar.)——
Benson & Hedges, $2 conv. preferred (quar.)
(John)
General Gas &
8
4 6-30
9-30
_,,_,_,.4
prior preferred (quar,)
preferred
Consolidated Royalties,
i31*Ac
7fo
Bertram
Corp.
Cigar Corp.—
Consolidated
8-13
9-
$1%,
participating
$1.60
Bell Telephone Co.
Co.
Finance
Foods
8-16
12-31
.
Extra
8-13
7c
—
Electric
General
7-
4 7-22
7-15
7%
Corp.,.
General
7-15
.
preferred (quar.)
Consolidated Mining & Smelting (Can.)
7-2
9-
62 V2C
of Canada, 7%
General
Capital
$3
(quar.)*...
—
8-
$3
15c
(irregular).
(resumed)—
Corp.
2
75c
(quar.)—
.;4;.
7-10
2
10c
$7.50
7-10
$iy2
(quar.)
& Son,
D.)
Belding-CortiCelli,
.
$5
7-8
$iy2
—
H.)
(W.
(W.
pfd.
7
common
6-30
4
7-15
8-
General
6-30
7-15
i$iy»
4;
Industries, Inc.—
preferred class A (quar.)..
partic.
$iy2
Consolidated
Badger Paper Mills, 6% preferred (quar.) —
Baldwin Co., 6% pfd.-A (quar.)——Baldwin Rubber Co.
(quar.)———
Beath
6%
Power,
7-16
ey2%
Proprietary 5 V2% pref. (quar.)
Co., $5 class A (accum.)
Barber & Ellis Co.
"
;
4;4 $2
*
common
Hydro-Electric
7-15
8- 2
t$i%
y
River
Bronze
General
—.
8- 2
: m
(quar.)
Austin Nichols &
Bangor
General
.
7- 9
Refining Co.—
Ault & Wiborg
(Ontario)—
7
7-
'
10c
■
7-
7-20
•
—
$8 preferred (quar.)
7-20
••75C
1,4-
6-30
7-20
Light, common
General Cable Corp.,
|
$5c
Consolidated Car Heating...
8- 2
7-19
$68%C
Corp.. $2.50 prior pref (quar.)
Mills,
8-15
(quar.)__,_,
Passumpsic RR., 6% pfd. (s-a)
Connecticut
15C
conv.
Avondale
$iy2;y >
G.), Ltd.; common
6-15
$1'A
pfd. A (quar.)——
Atlas Drop Forge Co.
——
A%
(C.
7-15
$iy2
Atlantic
7-20
Consolidated Chemical
.
Rayon
■
Connecticut &
50C
Anglo-Canadian Telephone—
5 Me c!n
preferred (quar.)
Anglo-Huronian, Ltd. (s-a)
—
Appalachian Electric Power—
4'/2% preferred (quar.)
Apponaug Co. (quar.)
;,~4Arlington
Mills
(quar.)—.
—
Associated Dry Goods, 6% 1st pfd. (quar.)
7% 2nd preferred (quar.) ——
Associated Telephone, Co. Ltd.—
v.$1.25 preferred
(quar.)——
———
Atchison, Topeka & Santa Fe Ry. Co.—
5 %
non-cumulative preferred (s-a)
prior preference
8-15
$3 convertible preferred
Electric
7-15
25c
(quar.)
common
General Baking Co.,
General
6-30
25C
prior preferred (accum.)—_—
Hocking Glass, common-——-
$2.50
Gardner
7-20
sija
7%
$2.25
conv.
Atlantic
Gas Co.,
7-15
Lead & Smelting—
Zinc
American
8-12
,,
$iyi
Bottle (quar.)
Cable Co
&
7-10
8-28
8-15
(quar.)
com.
Quarterly
Quarterly
7- 2
7-15
—
.
American Thermos
7-20
r.
50c
———25c
Co.,
Extra
Co.—
preferred (s-a)
pfd. (accum.
participating
Conn
——
American Tel. & Tel.
7-31
50c
(Abilene Kansas)
Co.
Quarterly —;
Gardner-Denver
V.:,.4-..4-4
Fyr-Fyter Co., class A
1
6-30
25c
Edison
Confederation Life Association
6
$1%
(quar.)—
(extra)
American Telephone
Anchor
6-30
—
Sumatra Tobacco
American
$5
7-31
Commonwealth
7-15
1
7-
$10c
(quar.)_„____—
■
Co.
(quar.)
';35C
& Southern, $6 pfd. (accum.) 04
$3
preferred
8%
7-
7-15 '
Community Frosted Food—
Smelting & Refining, common——
7%
3
2
7-15
••
$1.62
preferred (quar.)
Commercial Alcohols, Ltd.,
Name of Company
25c
„
Electric
Ohio
8-
When
Hoiaere
Per •
thare ■; Payable of Reo.
-
$1'A
—,—
prefer, (quar.) '} :
4.4
Southern
50c
American
(quar.)__
(quar.)
A
&
$iye
Mill—
preferred (quar.)
conv.
pfd.
7-15*
Rolling
American
,4
of Ree.
50c
•$13A
6Vz7o
3
50C
5% non-cum. pfd.
9-
12-
$1>A
American President Lines,
4Me%
9-15
Iron
&
preferred (quar.)—
cum.
Columbus
6
12-15
:
$1.75
y:
9-25
7-
7-15
$1.75
(quar.)
(quar.) ——
Petroleum Corp. (quar.)——
preferred
7%
1
5%
6%
7-
10" 1
.
Fuel
Colorado
Columbia Gas & Electric, 5%
7-14*
—
30c
Coca-Cola
7" 9
;■? 7-13
2
I 7-15
—
$1%
preferred (quar.)
7% pfd. (quar.)
(irreg.)
4i.
Bottling (St. Louis) (quar.)
Coca-Cola Bottling Co; of Los Angeles
7-15
8-
20C
Payable
Clinton Water Works,
9
7-20
25c
$1%
7%
Furniture,
8-
/
4'
Clinchfieid Coal, 7%
7- 9
8-16
,4 7-15
15c
Fork & Hoe, 6%
American
7-15
SV/2
*
Lines,
Export
American
American
thare
Monday; July 12, 1943
Holdert
.
Name of Company
of Reo.
Payable
$1 JA
Securities -(irregular)
5% pfd. (quar.) —
preferred (quar.)
European
American
When
Holder»
When
Per
thare
Name of Company
Per
Lawyers Title Insurance
6%
Rubber
,
&
Tire,,^,,,.
Co.
(irregular)——_4——
12-31
..
,12-21
10-
1
9-15
8-
2
.7-15
75c
8-
2
30c
7-20
.
-
7-15*
7-
1
^Volume 158
THE COMMERCIAL & FINANCIAL CHRONICLE
.Number 4193
■
.153
'
'AA
■■
A
:
:V,A
■'
A'-,;.,A—
Tailors
Custom
Leitch Gold Mines,
Lerner
i.
Stores
4V2V0
Ltd.
Corp:,
.'preferred
Quarterly' —1—-—
(C.-W.) .& Co., 6V2%
Lion
Co.,
Northern, Illinois
8-14
7-15
-
<i
7-
7-15
2
88-
30c
11-
1
Northern
.6% preferred .'(quar.)_2V___
*_T—
Northern States Power (Del;)-— V/A*
7-26
-
■■A 6%
10-25
6-30
t$2
7-31
50c
9-
1
8-
•$1^
(accum.)
10-
1
Power,
2,
7-15
2 7
7-15
Servel,
3
25c
6-30
Seton
Leather
Co. "(irregular)>7
Shawinigan'Water & Power (quar.)__
Shell Union Oil Corp._____-_______«__V__w_V
?23c
40c
7-15
7-6
7-14
t $1
3
6-30
-■
6-30
7-26
>
preferred
7%
8-
1
$87'/aC
Creek
Mines
Gold
Sherwin-rWilliams
7
7-20
2
7-
.7- 2
9-
1
8-
2
7-20
8-25
7-23
50c:
8-12
}4c
7-15
6-30
(interim)
$15c
8-1
7-10
(interim)
(Canada)
(Quebec)
$30c
7-28
6-28
7-26
6-25
filbak Premier (irregular)
immons
Co.
Mines, Ltd. (irregular)J3c
25c
6-30
7-20*
7-15
(quar.)
■
7-20*
7-15
6-30
7-20
; *
1
j50c
j. (s-a)
Sigma Mines, Ltd.
4
$1 Va
preferred (accum.)_*_"V_V—
-V
"
$1.31 y4
(accum. )i__y:___*______V__:
8-
$1.12
Inc."'____
Sheep
A 6-30
7-26!
Vu; ;
■
$1
.
6-30
7-14
U2c
common.
.
7-14
Paper Co., $4 p<d. (quar.)
'■
$4.50 preferred (quar.
Scythe & Co. Ltd., common (s-a)____
"
.
7.%'preferred
9-15
V
Ontario
of Reo.
1-30
-
$lJ/a
;
Holdere
Payable
8-
•/.:$1%
preferred \( quar.)_,
6-30
1
;___
pfd.
6%
7-21
V
1
30c
7% 4 preferred (:(quar.
.
•
When
thare
7-15
•
,37Vic.:
=
Company
I:3?
25c
preferred, (quar.),______
Northern Ind. Put). Ser. Co.; 5'/2% pfd. (quar.)
6-28
.
7-15
-
QIV2C
t
t
3
$1V2' convertible
Name of
Scott
8-
$2
Corp.,' (common:
Per
4
of Rec*
7r15
'7-12'
;
30c-
-
Ryi':';(s-a )iL___-u__^u-.-—
V
7-2.0
2
8-
7-14
7-
6
"
25c V
(quar.)
Co.
7-31
; $1.30
(quar.) /;
(quar.) —
(quarD
Oil4 Refining
8-15
8-
(quar.)
common
preferred
;
Northern" Central
tioc
Lincoln Na.t'l Life Insurance (Ind.) (Quar.)_
ey2%
9-14
10-
.$1 V8
,
—
Levy Brothers, Ltd.. linterim)—
Lexington Telephone Co., 5.2% pfd.
Belt
1
?
Northeastern Water & Electric Corp.- -(initial)
50C
common—
•
Link
7-14
•
Payable
r$l3^
.
$2c
'
(quar.)
Lindsay
North',P?nn .G'as,* $7,prior pfd. (quar.)_.
Holder»
When
thare
V/V-AK.;^ Name of Company
3
15C
(quar.);.—:
Liberty Loan Corp., $3% preferred
7-
8-2
(resumed)
Co.
Per
of Rec.
Payable
\ 7-26
"Lehigh Coal & Navigation < irreg.)
—.
40c
Lehigh Portland Cement, common (quar.)
37J/2C
$1
A 4% preferred '(quar.)__~__n_-_v__-__
Leonard
Holdcri
When
Per
jhare
Name of Company
<•
$1
pfd. A (quar.)..
Liquidometer Corp. (irregular)—
Little Miami RR. Co.," special gtd,
(quar.)
Special guaranteed (quar.)
Original capital (quar.)
Original capital (quar.)
Little Schuylkill Navigation RR & CanalLiquid Carbonic Corp., 4%%
7
7-16
-
7-15
7-23
7-
50C:
v:"
9-10
8-25
$1.10
-li-ia-
«'..
'
*
$ 1 Vi
'
V
6-14
7
'
2
7-15
9-1
8-20
1
8-20
9-
' ••
Simpson's Ltd., 6J/2% preferred (accum.)__
Oil'Cprji (quar.)"_J—
J$l%
7-
7-15
6-30
8-14
'7-15
8-10
7-30
Sioux City Gas & Electric,
Common
1
7% pfd. (quar.)__
qu"ar.r_'__"_"-_V»V_____
(Increased
$ia/4
37J/2c
25c
8-
2
7-13
50C
8-2
7-13
Solar
8-10
7-30
75c
7-30
6-28
7-20
6-30
7-15
6-30
7-15
7-
■"
Smith (Howard) -Paper MHls, Ltd.—
l
i6% preferred (quaf.)
'
■
2
12>/2c
Slcelly Oil Co.
25c
8-
Sinclair
•
; Class' A
Ontarlo.iSteerPrbducts Co-;, Ltdf-—„• Common.v{i0t.erim)lT.—:~
7 : 7 %.'.:preforre.d j(quar;)
,
6-30
8-
$l3/4
/ .. v
pfd. (quar.)
-(quar.)
(quar.)_
Oliver; United 'Filters," class-
11-24
7-15
75c
preferred
l§t S6ries4rust shares
</
8-25
9-10
v
$1.10
6%
7 -50c
pld Colony JTrust Associates—
11-24
12-10
50c
*'
•i;
2
20c
7-15
$iy4
(Minm) $5 pfd. (quar.)
Northwest "Engineering (quar.
Northwestern Public-Service,-7%
6-24
1
8-
v
Northern States Pow.
t$lVi
-
Aircraft
Co., 50c conv. pfd. A • (s-a)
25c
Pittsburgh Water, 4%% pfd.«(quar.) V
■
$l>/8
..Southeastern Greyhound Lines—
•Av A/AVVV /
Common
(quar.)
37'/2c
A
South
*25c
$$1.75
$15c
.7-15
8-16
10- 1
.
7-15
8-16
.
1
1
9-
1
12>/2c
9-
1
8-16
$lJ/a
9-
1
8-16
-V I ■
37VaC
7-15
6r20
34%c
7-15
6-2Q
8-15
7-20
7-15
6-30
8-16
•
Loft
Candy
Corp.
.Second
,
Fund
7-
0.
6-30
9-
i'i
Ottawa Light .Heat & Power, com.
;
:
6-30 V
A
8-20
7-15
20C
_____—;—
;V
7-13
•;
50C-
1
(quar.)——,:-
_____
7-15
;i0c„
—————
•Loomis-S'ayles1 Mutual Fund
.
5%: preferred
:
$1%
.
25C
912-
11-20
12-
11-20
A
7 (quar.)
preferred
Pacific- Gas
8-20
.-'-:$l'/4
.6 V2 %
C
'Lord & Taylor,
(quar.)—.
<•'.
V;;;
2nd preferred (quar.)—
Louisville Gas: & Elec. (Kyi) common-.——
8%
5%
5%
7-15
6-30
Light
(quar,)
1-3-44
.
12-24
8-
$1.31 V*
1
Payne
2
preferred
Marchant
9
$l'/2
8-14
8-
5
—
N
lie
$1%
.
—
11-5
11-15
$iya
:
"
7
7-
10-
:
6
7-
7-15
7-15
6
-
7-15
Mattiessen
7%
&
7-15
6-19
tl7V2c
7-15
7-31
7-15
6-30
7-20
•} 6-30
62y2c^
7-15
•
8-
$3
•
1
rV- 7-
1
"
,7v'v/ ;.l
Z
;
8-31
8-16
11-30
■si 11-15
1
,8-14
7-15
6-30
9-
75c
50c
—
.(
6-30
$7
>
-
—
v
7
-
43 3/4 C
4y4.%
Moneta
Power
Mines (quar.)
Monongahela Valley Water, 7% pfd.
Loan
Montana
preferred
$6
Ward
&
Co.,
,
•A
■
9-
50c
8—1=, '*'■
7-
8v
$1V2
.
'
Mutual
:1:.
•••
•
6% .preferred
6% preferred
Qf America—
1
Premier
Gold
Preston
East
Dome
7-15
6-15
Public
10-
preferred
9-
9-
7-20
Putnam ;
Narragansett
Rational
6%
/
7-15
10C
3c
—
(
$6
15c
9-
12-
1
National
Aviation
25c
Biscuitr Co.,". common.^——1A—
30c
Common ________
7% preferred (quar.)"_____——
10-15
$13/4
8-31
15c
7-15
25c
7-15
10c
8-2
;
•j
Corp.—_______
National Bond
& Share
National
Register
Cash
•National
Chemical
National
City Bank
National
$3
&
,
(quar.)
;_—
(quar.)__
Mfg.
(N.
(quar.)'__—
Y.)
(s-a)
City .Lines, Inc., Class A-(quar. )•__•=
preferred (quar.)
National Department
Distillers
National
Electric
Stores (quar.)
Products
121/2 C
50c
5%
Erie,
non-cum.
1st pfd.
(s-a)
2nd prefevred
National Fuel Gas Co. (quar.)
non-cum.
National
Funding Corp.
Class
B
National
National Paper & Type,
5%
Steel
Car, Ltd.
(increased quar.)
5>/2%
Bedford
6V2%
&
Gas
(J. J.)
Newberry
Edison
$iy4
Light
of: Md.,
Corp.
3
9-
1
8-267
$1
7-15
(quar.)
-$iya
.8--2
8-
2
7-16
$l3c
"Sl5,
} : H-30
common
—i—
$1.25
50C
■
2
7
St;
!
:
"
10c
•'
>
Class
A
Class
A
Hundred
6-15
Corp.—
(quar)__—
(quar.).:
—
—
(quar.)—a
4%, Adjustment preferred (quar.)_
North Amer. Investment, 6% pfd. (accum.)
Norfolk & Western Ry.- common
-
'
SYife preferred (accum.)—
50c
8-16
8-
11-15
11-
9-10
8-21
$1
8-10
7-22
(quar.)
,
:
::
11-15
■A 8- 2
$$1.75
7-15
7-15
6-30
/
8-16
7-15
/
8-16
55c
7-20
7-20
(quar.)
-
"$38c
$1 '/a
$l'/4
7-20
'
1
7-20
10c
8r
1
7-20
Oil of California (quar.)—
United Cigar-Whelen Stores,.pfd. (accum.-)—
25c
A 8-10
7-10
50c
1%
preferred
6.36%
-
6%
6%
L U.
&.
(monthly)
(monthly)
preferred
preferred
.-
-
6-30
■■
.
-
7-
7-15
7-15
8-
2
2
6-30
•
7-15
$3
.12-23
;
12-23
12-15
Lumber, 7% pfd-. (quar.)
common
(quar.)_
:
•
.
U
9-15
9-
1
25c
12-15
12-
1
7-
5
'$2
7-15
8-
$$1%.
1/
com.
com.
irreg.)__
(irreg.)
7-15
,7
25c
7-15
6-30
9-30
9-15
12-31
7-
7-15
(Wash. D. C.)
________
«•
\
A
8-
6-30
6-30
7-2*
7-20
2
7-15
"20c
7-'7
25c
8-
2
;v,: 7-15*
8-
2
7-15*
50c
9-20
»
(quar.)
A
30c
:
8-31*
11-30*
12-20
50c
Plywood Corp.
7-20
V A 7-10
•A; 7-
7-15
7-15
1
-7-
1
7-15
.
6%
6%
:
7-2
(initial)
I7J/2C
7-21
9-15
9-
1
12-
1
12-
62 J/2 C
5
1
known
Leaf Tobacco,- common
(quar.)
Michigan Power & Light— /A .
preferred (quar.)
preferred (quar.)
7-
7-31
—
-
above
7-15
$l'/4
62 J/2C
common
company - was - formerly
~as" VadSco Sales Corp.
'
7%
;
$l
—
.—
:
-
75c
:
8- 2
.10- 1
.-".''7-14
J:
1-1-44
75c
9-27
12-27
*
10-
1
9-15
$1%
7-
1
.': 6-15
62 %C
5
Co.—
10-
1
9-21
62 V4C
1-3-44
12-24
$1.75
9-10
9-
1
$1.75
12-10
12-
1
$2
A
-
prior preferred (quar.)
preferred
Van Sciver
,
7-
Knitting
Vanadium
1
^
7-11
$1
9-15
,,f
'
1
(quar.)—
5% prior preferred (quar.) _n_i.
——_
Vapor Car. Heating, 7%' pfd. (quar.)——
7-15
25c
if;- 8-16 / '
:
7" 6
75c
<5%
'*
12-15
7-15
1
7-15
68 %C
'
1
7-15
$l>/4
Utica
:
15c
..
.
.
Upresit Metal Corp., 8% preferred (accum.)
.Upson Co., 7% preferred (quar.)—
6-30
25C
..
$3 '/j
Universal
•
20c
37J/2C-
910-
50c
7-15
-
Francisco' Remedial' Loan; Association—
Quarterly,
'7-15
87J/2C
•Upper
A"
25C
8-"2
S.
A- The
12-15
$iy2
.
.
,L
(accum.)
Foundry Co.—
Laboratories/
(quarterly)
Common
(quarterly)
6-30
Company-^-
V 9-15
25C
Common
"
(s-a)____
:
.
Refining & Mining, com.
preferred (quar.)—
Sugar Corp* $5 preferred 1 quar.Un¬
united
Stockyards, 70c conv. pfd.
(quar.)
7- 3
J75C
8-16
1
7%
U,
6-30
8-
1:35c
1
50c
;
—
Universal
4$l3/4
A
U. S. Smelting &
6-30
v
7-15
9-
50c
____
Quarterly
6
$1
Quarterly
U. S.
6
7*
$25o-
(accum.)
—„;__
25c
*y
8-20
7-15
Alcohol
United States Pipe &
1
A 7-10 A:':
9-1
8-2
10-
Machinery—^
Industrial
V" 9-15
1
53c
•
25C
7%
7-15
•A 8-16
10-
53c
preferred '(monthly)--—
preferred (monthly)
Fidelity-& Guaranty Co. (Bait.)
Hoffman
S.
.
53c
—
Extra
U.
8-2
9-1
58y3C
———__z^—
6
6-24
7-15
58'/j C
(monthly)
"A 7-
7-15
;
58 J/3 C
,
preferred
■!: 6%-'
$5
preferred (monthly)
A_3% preferred (monthly)
;
6.36% preferred (monthly)
S.
•7-15
7-31
7-31
•
8-
; Union
"
50c
V
8-16
i
15C
U.
7-15 A;
-
7-24
.
preferred .'(quar.)
7-21
$iy4
,_'
6% 1st preferred
preferred: (s-a)l_/._
Security Storage Co.
Electric Co. of Missouri—. A
2
37'/2C
______
6-30
6-30
■
preferred
Foil,
7-
./
6-30
$10c
S.
A. 7*" 1-
•
llilO
$5
(quar.)
Bennington 5.R. (s-a)__
Tpbacco Co.,v7% preferred
9-15
7-15
1
6-30
9-10
U.
7-15
9-
11-24
1
7-22
7- 6
5J/2% convertible preferred (quar.)
9-I5*>v" "TITS. Holding CdAtifregular)—„„
'
•
12-
$2 J/2
.'7-8
-7-10
25c
Co., /(quar.)
Scruggs-Vandervoort-Barney,
■
8-14
7-10
75C
A
' San-Nap-Pac Manufacturing,
•:
9-15
7-15
7-15
__
8-
9C
(quar.)
(qiTar.
Service
50c
50c
30c
8-23
Mines,-Ltd.—
1
15c
K
7-15
25c
•
60c
Gold
10-
r
5
7- 6
5-25
7-15
43c
sharps (quar.).
7-
•
'A
7-20.1
$3c
(quar..)__
/ United Drill & Tool, class A (quar.)_
.7-21
i;
"
$l3/4
t—_
Sgguenay Power, Ltd,, 5'/2% preferred (quar.)
•
bearer
7-15
7-15
25c
,
±lc
Union
:
Corp.
Public
2
'.,50C
L__
•7-15
2
8-
1
(quar.)
id- f
25c
t
Class A;and-Class B-(irregular)_________
and Class -B (irregular)
San
.
37J/2C
1
$2 Vat
2nd
Louis
_
$1.31'A
$1.3iy4
(quar.)— A:
2
50c
Croix'Paper
v,
",8c
common
San.Diego Gas & Electric,
'. 5%7preferred (quar.)
v
Nineteen
$l3/4
(irregular)—
Saginaw & Manistee
6-11
7-15
3QC
,
-Clasa A
-
B
—
preferred
Lawrence
3%
■'
7-15
7-15
8-
Co.7
8-
'
$ 1 V2
..j
•—;
Button,
20c
37'/2C
-
.7-10
8- 2
;■
(quar,)
11-15
12-
$l3/4
St: Louis Bridge,
t
6-30
.
St. Lawrence Flour Mills, common (quar.)__
'r^77% " preferred (quar.)'
_1_'
St. Lawrence Paper Mills, 6%: pfd. (accum.)
7-16
$l5/8
(quar.)__
pfd_B
Telephone", Ltd.—"AA—AA
Newport News Shipbuilding & Dry Dock—
,'.$5 preferred :(quar.)___'—
New York Central RR. (irregular)——
Share
7-
•7-I4
8-1
common
.;'4% 'class A convertible preferred
'
New Brunswick
(Irregular)
7-12
8-16
——
Realty, 6%
pfd. A (quar.)
"Niagara
St.
6-15
13 "3/4 C "
'
—
•New
St.
7-15
7-15
$i
—
—
7-31
8-2
t$i
$l'/4
Steam
Tea Co.,
7%
*
$iy2
(quar.)
Cotton (quar.)
:
preferred "(quar;)
Neiman Marcus Co.,'5% pfd. (quar.):—__
Naumkeag
National
6-30
,
.7-23
1st pfd.'
7 $1 y? /.convertible
preferred
Royal. Typewriter Co.
6-30
8-2
•
8-16
■
9-
u
40c
W.)» &' Co. ts-a)
Rochester
7-20
40o
(quar.)__,
Y.)
(Calif.)
6.36%
(quar.)
(N.
___A
common
United Bond & Share,. Ltd.
United Corps.,* Ltd., $i.50 class A (quar;)___
/
7-21
■3
;
Rike-Kumler
7-20
1
7-16
6-30
10c
"8-
:
6-30
$iy2
50c
2
7-20
;
preferred (s-a)_
National Power & Light, $6 preferred
National
1
Toburn
..
8-
Insurance
-$l'/8
,
25c
9-23
2
(H.
(quar..)____
6"-30
8-19
8-
Extra
A pfd.
7-22
?,7-15
-•
Co.,'
Drug
6-15
A 6-30
8-15
7-15
9
2
7-15
(quar,)_
(s-a)______
preferred. B
8-12
1
7-15
United Light ^ Railways C0v-(Del.)—.. A-'=
7% preferred (monthly)
9-
50C
7-12
,
7-16
United Fruit Go.
8-
35c
(quar.)_
35c
Corp.
Co., 6%
12-
7:
class
i
10-14
25c
,
8- 2
,
12V^c
a
15C
Rickle
I V
$1'
t2J/aC
(irreg.)
:!
(quar.)
7%
A..,' $L.
(quar.)
1
7-
10-20
1
7
7- 2
7-12
Troy &
Tuckett
7-15
Richmond
10-20
12-
11-
50c
Revere.Copper. & Brass, 7%- pfd, (quar,)____
5Y4% "preferred' (quar.)
Reynolds"^Spring Co.J
'
12-20
7-15
Vic
7
7-
'7- \
,
'
•
:'
9-30
10-25
$iy2
7-
.7-15
$2
;
6-17
■
6-30
2
preferred
2
1"
6-30
7-25
12-17
2
8-
2
$5
2
Dry Goods,
8-
$75c
8-
$4V2
8-
2nd
12-31
$75c
(quar.)
$l'/4
i
8-
7%
9-16
$lJ/4
'
6-25
.9-30
.
preferred
1
15C
Rice-Stix
7-15
$l'/4
„
.Mfg.' '(quar.)_
A
Trinity Universal .Insurance (Dallas)
2
(quar.)
preferred class B
10c
Industries
Ray
7-20
6%'preferred class A
25C
class A
(quar.)
Investors
National Lead
7-10,
7-15*
10-30
$iy2
(s-a)———
;l
7-23
1
3%
•
.
A 7- 2..
2
8-
6 %•
6-30
'•
preferred
6-30
preferred 3 accum.)_
Glow
7-20
2QC
(accum,).——
non-cum.
2nd
7-23
8-
$l'/2-.
Reliance Manufacturing Co., (111.)
Republic Investors,' Fund, -Inc.—->.77
6-30,
7-15
12-20
$21/2
—
$1.60
8-13
7-15
Class B
».
,
4
50c
•
.
5%
'
.
7-17
8-
2c
Quarterly
National
i
'
8r2
2C
,
(quar.)
"
2
8-25
""$2,
.
7
9-10
!
8-31
$25c
(quar.)
preferred ;lq.uar.).___^________---Reed (C; A.), $2 preferred A (accum.)
7 Regent. Knitting Mills—
*_
/ $i;60 •: non-cum. preferred (quar.)___
(6-11*
1
7-1-5
::■*
—
$1*4'.
(accum. )__
V Second
,
Investment
9-
,
7-20
4%Anon-cum,71st/preferred (quar.)
.
7-17
8-
75c
—
(quar.)
(quar.)_
Corp.
Welding Machine
2
1
8-
$2 J/2
8-10
4
9-
7-30
'•Towle
6-30
2
8-1
-,50c
conv.
"National
8-
50c
—
■7-15
^Packing Co., 5% preferred (s-a)_
Reading Co.,/.common (quar.)
________
7-
7-15
30c
,
9-
9-15
s
75c
6-28
Rand's/ Inez (reduced)—--77—
111-10;
7-21
National
9-20
;
,
9-20
9-15
6-18
Rath
,
I" 7-15
•
1
15c
(quar.)—T
preferred
7-15
1
10-
/
'
7-15
7-15
1-10
preferred (quar.)
f Taylor-Wharton Iron & Steel
Texas Gulf Sulphur Co. (quar.)
; Texas Water, 6% vnon-cum. preferred (quar.)
Thermatomic Carbon, $5 preferred (s-a)
6-15
10-15
6-30
(irregular)
-
5
8-16
$1.13
'Railway/Equipment
ftealty-rr
$6 3, preferred 7( accum,)
6-30.
7-
.
3$'/4c
(quar.)_!____
preferred
preferred (quar.)^_:
Common
6-25*
7-15
7-15
6-30.
--
8-1
56y4c
__
preferred
7-15
7-15
15c
pfd.
80c
5%
Syracuse Transit Corp., common
Tacony-Palmyra" Bridge Co.—
6-15
7-15
C
,
50c
(quar.)__________________
pfd.
Works,
Sylvanite Gold Mines (quar.)
6-15
5Qc
6-30
7-15
50c
(quar.)::——
$2
6-30
8-16
60C
Street
$4
7- I
3
7-15
.
7-20
5%
Super Mold Corp.
6-19
7-15
2A
Phosphate & Acid Wks.—
(quar.)________
Superheater Co." "(quar.
6-19
7-15
$l»/4
Radio-Keith-Orpheum,
12-16
12-28
•
7-15
7-15
.
$iy4
,
G%
share)__
-6%
12-15
$IV*
Quebeq Power; Qo.
9-16.
9-28
12-15
50c
7-12
:
1
Sun
•
9-15
_______
6-30
'
.
of
Sun Oil .Co., .4J/a%
,
.6-3.0
:
'
7-15
'
* 6-26
9-15
Fund of Boston
.
(l-20th
Sun
•
6-30.
7-26
$l1/a
Electric, 4Vi% pfd. (quar.)
Fibres 6% conv. pfd. (quar.)
Auto
convertible
(George)
dividend
•■Sullivan Consolidated Mines
.
.
8-
'7-31
-
5%
f
7-20 r--' 6-30
7-20
15C
7
-
6-26
7-15
$lJ/2c
■'■ 45c A
Purolator.Products, $4Y2 preferred (quar.) _
Quaker Oats Co.,' 6% preferred (quar.)—__
6-30
7-15
$1
J.—
share)
■; Quarterly
,
6-26
7-15
*
7
7-
,
$i'/4
•:
(John B.) Co., 6% pfd.' (accum.)
Stroock (S.) & Co. (irregular)
•Suburban Electric Securities Co.—
A'.
6-28
7-15
■"
t75c
7, $5vpfior; preferred (accum.)
Puget Sound Pulp & Timber, common
.
8-15
c
J.5C
'.15c
5
7-
7-15
A
$$1.52
1
7%
7-10
$1%
■
11-25 i",
3
$iy2
4
-Puget Sound. Power & Light—
$5 'piior preferred /(accum.).V
8-26
1
of N.
Railroad', Employees'7 Corp.,
(quar.)
.
Mines /(quar.)—
Corp.
$1.25
■(quar.)___:_L_A__^_
Ohio,
Steel Co. of Canada, common
6-30
J
7-21
IOC
-
7-
1-3-44
12-1
Service
75c "
•
9-15
7-20
$2-1/2
8%,7preferred (quar.)Vpreferred (quar.)
5%
Co.;
6%v preferred'(monthly)
•:6%;preferred;(monthly)__-
10-1 f"
1
1-3-44
"
8%
/
10-
7-15
75c
of
7- 3
': / 75c A 10-1
"7-15
$1
Mining, ' Ltd/' _i___V__
1 7-12
of
'Stecher-Traung Lithograph,
5% preferred (quar.)_„_
5% preferred (quar.)
7-15
•
$1%
7-
7
Prosperity
62»/2c
(quar.)___
i
7-15
1
7-20
10-15
■■'ry SI
'
(l-20th
State
,6-22
1
8-
$1
Procter-&.Gamble,
$ 1V2
8-
7-20
1
40C
'
$$ V/2
6-30
;7-20
Mutual Investment Fund, Inc.—
1
•'
(accum.)
6-11 !;•:
-37%.P
T
Mutual System, common
;
•
preferred
(irreg.)
___________
Stetson
._
\
(quar,)
10r
7-15
7-13
8-
$1.62'/a
dividend
-Stanley
—-
6% 71st pfd. (quar.)
6% non-cum.;.partic. preferred (quar.)
Development—
(quar.):_„—_j__
(quar.)—4.—
(irregular)———
Chemical Co.
Portland- Gas Light,. $6
/_____
7-15
35c
& Sons—
Standard Wholesale
r,
*9-10
10-22
$11/8 7 7
Power Corp.'of Canada,
7-31
$1
Inc.
1
•
9
•
$1.06 y4 ;:v
I
(quar.)
(quar.)
A
'Stearns Mfg. Co
(quar.)
1
7-15
$iy2
Mountain States.Tel. & Tel.
7-
6-21
"
Stock
'■
1
1
10-
50c
7-
Morris & Co.
,
37-
8-
75c,
;
7%
7-15
(Dallas)
Co.—
& Bros., $1.50 pfd.
preferred Series A
Oil
8-14
Stock
7-10
7-26
50C
(quar.)
t48c
-Mountain States Power, common' (quar.)——
preferred-
preferred
-
.
Paper Box Co.,
7-15
,
8--1
$1
5%
Pollack
50c
(quar.).
6-21
•
9-25
K.
R.)
$1V4
A';',
(irregular).:
5% pfd. (quar.)
(Standard Steel Spring-
6-30
7-20
10C
(E.
7-15
6-30
9-15
common
(quar.)
-Standard
7-24
Employees 'stocks(quar.)
s-,:-:
2
$5
8-1
7-15
V-
pfd.
A A*'/
receive
(quar.)
7-15
8-14
$1.10
"50c
7
t38c
$1
Munsingwear,
7-15
7-15
$l»/2
(
(quar.)
Northern Ry.
&
6-22
-
8-1
$13/4
:
—
Oil Mining &
2
87Vic r" 10-1
-.7 25c
'6 % .preferre"d (qua"r.] _A__VA__AVVV'
15 c, :
Plymouth' Cordage Co. (quar.) -a—- :vv$iv^
3
7-15 *
2
5c
(quar.)
(Philip)
Mount Diablo
7-
7-15
_____
Morris Plan Industrial Society
Squibb
-"
6-19
$1 Va
/Standard Chemical, Ltd.
"
:
7t20
7-15
t2C
(quar.)
Phifip
7-15
50c
Co.
Common '(s-<a)-
-
-»
5
9-
2V4c
•
Light Heat & Power Cons, (quar.)
Telegraph Co. (quar.)
(Wm. R.)
Dry Goods,
(quar.)
see
7-2
7-15
""
'
Morris
,
(A. G.)
preferred
7-20
7-15
A
$1.20
3
Gas
sSpicer Mfg. Corp., common
$3
6-30
8-16
held)
Serv.
7-31
8-
•
5
7-15
$ 1V2
Montreal
& Co.
7-12
30c
(quar.)
Moore
(interim).
Pub.
7-15
$20c
'V J$l»/4
(quar.)__
-
share
v
37VaC-
non-cum,
Hamilton
each
preferred
iSpalding
-7-14
.
V"
$25c
•
5
6 J/2 %
7316
1
$1
(quar.)
.
5
2-5-44
$l»/4
—
.Pittsburgh Brewing, $3V2 preferred-(accum.)
Pittsburgh, .Cinn;; Chic;'& St. Louis RR. (s-a)"
-Pittsburgh Screw
Bolt -J—
'7
; Plomb • Tool CpA common (.quar.j
7-20
•
8-1
25c
.
(quar.)
Montreal
9-
for
Southwestern
11-
11-15
of
share
37'/2c
/A/
Corp.—
(stockholders will
Southwestern Life-insurance
8-
8-15
Co., -5%
Consolidated
dividend
stock
>12-15
$1,271/2
6-30
2
30c
(quar.)—_
com.
1-1-44
35C '
.
Society, class A—————
Power,
Montgomery
Railway
3/5
'
$!»/«
A
Porcupine
Monroe
3
9-15
(quar.)
England Telephone
New
.Southwest
6-26
7 35C 2 -15-44
V
10C
& Light, $6 pfd.
Moline Pressed Steel, class A partic.
Mississippi
7-
:
1
,:.17.5c.;7 v58-I6V
8- 2
$$iy2
;
A-7710c r ' 7-24
7-15
'
(quar.i—__„
-
Stock
7-28
35C
(quar.)
Pittsburgh, Bessemer-& Lake Erie RR.—
1
7-15
8-
" $1V4
•
Rubber Reclaiming
Minneapolis Brewing Co
$5
3
10-
50C-
—__
pfd. A
preferred
3
7-
7-15
•
50c
(irregular)
5.10%
7-
7-15
6c
preferred
Piedmont
8- 2
t$1.50
,
Piping & Supply
Mid-West
12-
35c
5% preferred Jquar,)—
6% preferred (quar.)
.
Aasc
v
t
9-1
43 %r.
7% pfd. (quar.)
7% preferred (quar.)————«—
McCall Corporation (quar.)_—
——
McColl-Frontenac Oil Co., 6% pfd. (quar.)
McCrory Stores, 5%' preferred (quar;)——
McLellan Stores, 6% preferred (quar.)
Mercantile Acceptance Corp. of Calif.—
Midwest
Co.-
7-15
—
.
:
preferred
16c
RR. (N. H.)
(s-a)—"1—
Pfeiffer'Brewing Co. "LI'—1"—:
Philadelphia Co.- (quar.)___'__:
V
Philadelphia Electric Co., 4.4% pfd. (quar.)
Philadelphia Electric Power, 8% pfd. (quar.)
Philadelphia Transportation—
Participating preferred (irregular)
Philip Morris •& Co., ;common (quar.)______
4j/2% preferred (quar.)
I
1
>
4.8%
Southern
Peterboro
V.'-V-'::' rA-'
H
$7
_—___—
—L—
McClatchy Newspapers,
'
Traffic
Pepsi-Cola
7
'
-
May Department Stores —————
Mahon (R. C.) Co., $2 class A pfd. (quar.)
'
A
Southern
—
Peoples Credit Securities, Ltd.
Peoples Gas, Light & Coke
7-15
20c
22c
(quar.)——
(accum.)
(accum.)
1
7-15
—
;
Pennsylvania vPower,"
6-19
■f.
37 y2 c
Hegeler Zinc—
preferred
7% preferred
Southern Indiana Gas & Electric—
7-10
(quar.)_^____^rf.
$1.40 cumulative class A (quar.)
$1.40 cumulative class A (quar.)
1
Pennsylvania Electric,
4
6-30
tlTJ/aC"
'Massawippi Valley R.Rr (s-a)
A
7-)
*.
partic.
7-31
j
:
participation preferred
:
pfd.
6%
Power, Ltd., com. (quar.)
preferred (quai\)_______:___w
'
6%
Gas,
Canada
7-15
(quar.)
common
Ltd., _common .(quar,)
6%-preferred (quar.)
-
V
6-30
7
31V2C
(quar.)
Associates—
Utilities
Southern
.
SI.7 .77-15
"
(quar.)
(quar.)______:__^_______
preferred A
75c
$1.40 cumulative class A
Penn
■
Maryland Drydock Co., common——
Investors Trust (irregular)__
5%
6-30
15c
_____—
; Pennma-n'-s
9-20
1
7-15
50c
Telephone,
(quar.)
Common
■
'Massachusetts
Massachusetts
6%
30c
(quar,)
(interim)
7-
(quar.)—
Co.
&
preferred ;B
7-15
Maritime.. Tel. & Tel., common, (quar.)_
7% preferred (quar.)
Field
convertible
7-15
A
Marshall
"7-15
6
AV*"'
(quar.)____________
(quar...37J/2C
California
•
f
<quar;t
Peninsular,
(quar.)—
Machine
Calculating
6-30
Pend Oreille Mines & Metals Co.
•
convertible
7-15
7::
'
-
preferred- A
6-30*
Manufacturers Trust Co. (N. Y.)—^
$3
7r
50c
7
Common
j
7-15
(quar.)
Edison—
original'preferred
Southern
$1
Supply, (common
&
convertible
60c
7-15
•
Furnace
60c
25c
(quar.]
preferred
7%
(B.),
$iy2
Ji
6-30
preferred
California
5Va"% preferred series C (quar.)
V
7-15
,
2nd
V-V5%
6-30*
7-15
I 8- 2
'7-I5
Coca-Cola-
6-30*
7c
Manischewitz
7-15
25c
;A|$ IV2
——
.Magnin (I.) & Co., 6% preferred (quar.)
6% preferred (quar.)
Manhattan Bond Fund (irregular)--
7-15 V
2
32»/2c
;)
(quar.)•__
(quar.)—
7-15
35c
*
6% preferred (quar.) „————
MacMillan Petroleum Corp.:.
.*
.
—
9-21
2
rExtra
6%
Southern
"
MacAndrews & Forbes Co., common—
'
7- 6
f
1
'v
Co. Gas & Electric—
preferred
(quar.):.
5 V\ %
—
-A-.-,;:,, $1.62 V2
.
[Luzerne
7-13
10-
$1.62V2
8-
■
50c
pfd.
Bottling——.:
Panhandle Eastern Pipe Line, common__L—
(Paraffine.Companies,..4% preferred (quar.)_
A Parke Davis & Co., (quar.)___—_'
Pater son & Hudson River RiR. (reduced's-a)
6-30
7-15
65c
Corp.—
Lunkenheimer. Co., 6 »/2% preferred
6'/a% .'preferred (quar.)
•
Panama
6-30
9
A 7-15
16Vic,.
V,
$1.30
.ds Tel." 6% pfd.
Corp. (quar.")_
Packer
7-24
Electric
Public,Service;
7-16
•
37'/2c
Lowell
:
8--
$2
pfd.' ($100 par> (quar.) —r—. :.;..$iy4
31'/4c
pfd. ($25 par) (quar.)_l
'
.;
25c
Pacific
^Pacific Tel.,
7-
2
.8-
20c
;____
____
9
1
8-
$iy4.
(quar.)__
(quar.)
—
participating preferred
Participating
:
L
5%
,
pfd.
(quar.)
..
Electric
&
.
b'/o
7-
10-
WY*
(Calif.)
8 % i preferred
:Longhorn Portland Cement— •'
"
*
5% participating preferred (quar.)——
v' Participating
_!
1——
(quar.)__
(quar.)
Pacific-Finance
•'
5%
5%
Corp.
(quar.)
of America
(J. B.)
—
25c
7-15
$iy4
———
7-15
7-
1
26c
7-15
7-
1
$l3/4
7-15
7-
1
7-8
Co.—
class A preferred (quar.)
non-cumulative B preferred--,
7%* preferred C
—
—
(quar )————"
-
'
/
.f
154
THE COMMERCIAL & FINANCIAL CHRONICLE
When
Per
Name of Company
Vertientes-Camaguey Sugar
Virginian Ry., 6% preferred
Payable
share
•
20c
3IV2C
Name of Company.
Western
7-15
7%
Western
Weston
$1%
7-20
7-10
$1%
10-20
10- 9
Corp.
(irregular)
•
75c
Brothers, class A (s-a)
67%c
Washington Gas Light (D. C.), com. (quar.)
37%c
$4Va preferred (quar.)_
—$1Vb
7-15
6-30
8- 2
7-19
8- 2
8-10
7-15
7-24
7-24
Co.,
preferred
common...
——
preferred (quar.)
(quar.)
'
Wabash-Harrison
Warren
—
1
—„
$5
preferred
$1V*
(quar.)—,
Welch Grape Juice Co., 7%
Wentworth
Mfg. Co.
(irregular)
preferred
West Penn Power, 41/2%
West
Michigan
(Steel)
(quar.)—
Foundry—
West
Penn
6%
Electric,
(quar.)——_
preferred
7%
$1%
SIV2
$75c
J$l%
(quar.)—
preferred (quar.)
Western
1%
Ltd., common
Grocers,
preferred
(quar.)_—
(quar.)
Union
_
(accum.)
(R.
in
deposits-adjusted,
demand
States Government
in
$108,000,000
Government
deposits-adjusted
the Cleveland
District,
$82,000,000
2
6%
8-16
8-
2
8-
1
Electric
Power
1
1
11-
1
hand
on
7-31
7-15
•Transfer
6-30
tOn
8-
1
7-15
7-20
6-30
15c
r
notes
•
•
at
all reporting member banks,
reserves
>
and
ment
and
deposits
declined $61,000,000
>
33,632
7-8-1942
382,910
—
Deposits credited to domestic banks declined $78,000,000 in New York
City and $107,000,000 at all reporting
member banks.
81,421
16,747
—
—
28,642
+
+
—
+
28,642
79
—
A
of the principal assets and
summary
52,000
9
;
_
dividend.
+162,066
+
22,963
772,743
1;134,623
+
317,565
+
224,960
+
20,524
+
262,396
+4,554,566
10,632
—
1'*,0/2,717
1,219,681
—
138,865
—
123,308
350,420
+
+
225,183
55,551
+
261,087
—
7,918
+
3,246
+
5,478
2^,b34,804
+
460,181
+
5,046,314
148,732
+
96
+
3,745
in
(Section
7)
160,411
+
13b)
(Section
26,829
+
48
+
40,893
+
5,0.93,909
make
to
+
30,060,337
•
72.4%
"939
+
89,561
461,216
1.4% U
—
2,909
15.7%
—
indus¬
advances
12,211
%
79
+
5,498
—
Auction Sales
30,308
Transacted
1,999
.V'l '?'<•
f
\; I
by
&
Barnes
Shares
Lofland,
Philadelphia,
STOCKS
100
156,072
—
+
Montgomery Trust Co.,
Norristown-Penn
40
Cooper-Wilford
50
A.
27,625
+
989,448
+
+ 541,662
7,676,245
474,062
+
3,906,570
on
Reed &
7,722,474
134
items
—
+
1
+
6
508,798
—
+
City
"STOCKS
-
The
National
Associates
Wharf
Bank,
($1
+
($100
par)
321
;
Trust-
12 V*
...
I
_J
5>/a lot
4,930
108
Zeno
100
1,492
Harricanow
$1,500
30,060,337
Wed¬
on
-
Boston
par)
Iron
Co.
($10 par)
Co..
Ltd.
35C
...
461,216
+5,093,909
,
>
85c
$500 lot
5
„
par)
$9 lot
Aug. 1, 1955; $1,000 North
Haven Golf Club, subscription
; ;r
...2
BONDS
North Haven Golf Club, 4s,
•
7%
-
($100
19,342
liabilities of
I..—
& Co. at Boston
2,679
1,195
+
$3 lot
Big Sandy, common ($1 par)
Big Sandy, 2nd preferred ($100 par)—.
1,881%
Keyes Fibre (new) common
70,700
Northern Lead Zinc, Ltd.
($1 par)
;
27,617
S&5?
62,827
13%
capital
Co., capital
Merchants
'10
87
+
12
£
Ltd.,
,
4
4,799,878
3
17,259
—
38,955
—
v.'.
+
8,589
—
;
1,613,759
assets
502,625
+
Beryllium,
* '
1
-
Pa.
Co.—
by R. L. Day
nesday, July 7.
+4,767,571
$ per share
Norristown,
Trust
Transacted
18
56,959
assets
'.
,
14,034,488
Total liabilities &
cap.jaccts.
Ratio of total res. to
deposit &
securities,-.
guaranteed
foreign banks—--w.
Total
"
,
12,107,503
>
reporting member banks, and of debits to demand de¬
7-
funds, tax deductible at the source.
Non¬
resident tax, 7%.
a Less British income tax.,
1,564
+
15,600
—
4,356,897
"
——
4
7-20
31,872
+
1,091,700
premises
4
12-
Wednesday, July 7.
notes of other banks-—
Other
9-
12-15
-
Accounts—
paid
Surplus
Surplus
260,321
—
.U
Total bills and securities....
Bank
9-15
50c
357,848
Capital
41,168
+
direct
:
Uncollected
50c
9-10
Canadian
50
Total U. S. Govt,
R.
7-15
,
dividends.
Other capital accounts
33,632
Certificates
F.
1
'
this
for
deposits
Capital
+
15,259
-
744,900
Due from
$108,000,000 at all reporting member banks.
8"-
;V';
'
Other
Total
trial
1,482,748
Bills
City,
7-15
37Vs>c
Liabilities—
.
in New York
closed
Deferred availability items
Other liabs., incl. accrd.
divs,.
1,512
12,597
securities,
and
tax.
accumulated
15%;
Commitments
and guaranteed:
Bonds
increased
1
10c
F. R. note liabilities combined
discounted-
United States Govern¬
1
8-
Deposits:
Decrease Since
3,000
—
—
20,565,229
Total bills discounted
direct
$51,000,000 in New York City.
not
of
in
tax,
income
F. R. notes in act. circulation-
trict, $38,000,000 in the San Francisco District, and $183,000,000
Jamaica
books
tPayable
i
,
55,185.'.\+
Industrial advances
the Chicago Dis¬
1
10-
(irregular)
.
Total liabilities
gations, direct & guarant'd
in
10-
15c
Foreign
6-30-1943
342,328
Govt,
8-20
20c
Member bank—reserve acct—
U. S. Treasurer—gen. accts—
•
.
or
Corp.
account
resident
discounted:
S.
9-20
1
—
30%
7-15
Secured by U. S. Gov't obli¬
U.
1
9-
$1%
(quar.)—
Products
$lVs
t$l%
and
cash
bills
10-
10-15
Zonite
$1%
20,167,716.
4
25c
'•
preferred
xLess
7-7-1943
certificates
Other
7-20
8-
50c
(irreg.)
—
10-15
thousands of dollars)
(In
;
due from U. S. Treasury
Bills
7-4
2
.
common
Quarterly
7-15
11-
Co.—
(quar.)—
Elec., 4'/2%
pfd-
Assets—
Total
8-21
50c
(quar.)
Zion's Cooperative Mercantile Institutions—
Quarterly
7-15
8-
$1%
Increase
Gold
7-
10%
Sale & Towne Mfg. Co
Ltd., common (quar.)
Reserve Banks Combined
increased $27,000,000.
declined
7-
$1
Notes
Demand
7-15
8-16
Zellers
—
declined
bonds
1
$1%
„
Redemption fund—F. R.
$196,000,000 in
City, $33,000,000 in the Boston District, and
$355,000,000 at all reporting member banks.
Holdings
of Treasury notes declined $37,000,000 anl holdings of
States
(quar.)
common
and
New York
United
7-
$1
Wisconsin
deposits, and $107,000,000 in
bills
Treasury
7-10
7-15
$2%
i
(s-a)
Gas &
(quar.)
Wood, Alexander & James, 7% pfd. (accum.)
Woodall Industries, Inc. (resumed)
ber banks.
of
1st pfd.
preferred (1897)
Other
Holdings
7-15
of Rec.
;
10%
-
(Rudolph),
Holders
Payable
'
v
■
receipts
Jr., Co., common
preferred
$3
_
Wisconsin
7%
When
Share
Co.", Ltd.—
deposit
(Win.)
Wurlitzer
$1%
_
_
member
agricultural loans de¬
clined $11,000,000 in the San Francisco District, $8,000,000 in the Chicago District, $7,000,000 in the Cleveland
District, and $23,000,000 at all reporting member banks,
and increased $9,000,000 in the Boston District. Loans to
brokers and dealers in securities increased $67,000,000
in New York City and $87,000,000 at all reporting mem¬
industrial
7-20
7-20
(s-a)~
&
Common
7-10
1
1
Statement of Condition of the 12 Federal
deposits credited to domestic banks.
Commercial,
pfd.
(quar.)
(quar.)
•
000,000
5%
Hosiery,
Extra
6%
6%
pfd.
Co.
C.)
Extra
8-' 2
8-
8-
W.)
registered
American
Wrigley
8
50c
(F.
Ordinary
6-18
7-
Name of Company
,
30c
7%
Co.,
Wilson Line, Inc.,
Winstead
Yards
>
50c
—
.
Woolworth
6-30
2
Per
*
,
6-25
7-15
8-
*
of Rec.
7
7-15
50c
L.¬
—
Monday, July 12, 1943
Holders
—
Water
Williams
changes for the week ended June 30: Decreases of
$335,000,000 in holdings of Treasury bills, $121,000,000
in reserve balances with Federal Reserve Banks, $183,United
7-
$1 Va
cities shows the following principal
banks in 101 leading
Telegraph Co.
Ltd., 5% preferred
pfd.
conv.
Wichita
Member Bank Condition Statement
The condition statement of weekly reporting
Payable
50c
35c
Wichita Union Stock
7-19
7-19
6-15
6-15
8-16
8-16
7-15
7-15
share
.
t$l'/4
$4
7-15
8-15
8- 1
9- 1
17'/2C
43%c
When
common
(George)
Common
——
;....
Per
'
Westvaco Chlorine Products, $4% pfd. (quar.)
White Sewing Machine, $2 prior pfd.
8-15
7-1
6-18
8-31
7-15
7-15
Steel,
&
•") .-V
(quar.)
rs
7%
preferred (quar.)
:.
$1% convertible preferred
.
8-10
$1%
12V2C
Sl'/a
preferred (quar.)
8-
Pipe
»
preferred (s-a)
7-17
9-10
SlVi
Detinning
7%
7%
—
*
.
of Rec.
1
8-
2
9-20
Vulcan
(quar.)
Holders
I
ctf
$6 lot
posit accounts, follows:
(In
millions of
Foreign Exchange Rates
dollars)
Increase (+) or
Pursuant to the requirements of Section 522 of the Tariff Act of
1930, the Federal
Decrease (—) Since
Assets—
Loans
-
,
and
6-30-43
-
investments—total
Loans—total
_
Commercial,
industrial,
and
9,485
_
_
23
—
banks
—
—
4,860
495
18
427
—
+
6
—
15,714
+
5,500
37
+
3,869
Country and Monetary Unit
+
970
+
27
+
3
1
347
Federal Reserve Banks—
—121
8,556
503
_
__
Balances with domestic banks
—
2,297
28
32,289
__
465
5,691
—183
+
1
+
554
—108
+
TO
Interbank deposits:
Domestic banks
+
6,787
TREASURY UNDER
—107
8,716
+
154
7
+
99
772
14
_
+
27
—
—-J—
Official....—
Free
_
+
.•
TARIFF
ACT
OF
1930
In New York
July 7
$
!
.297733*
.251876*
3.228000
July 8
$
.297733*
HOLIDAY
.251876*
3.228000
July 6
$
.297r?3*
.251876*
3.228000
—
.060586*
.051275*
.251876*
3.228000
t
3.228000
.060586*
.909090
-
—.
Free
.572800*
;—
sterling
(British), rupee
Mexico, peso
Newfoundland, dollar—
4.035000
.903437
>
'•'* v.*
.904609
.572800*
4.035000
4.035000
4.035000
.301215
y
.301215
.301215
.205800
.205800
.909090
;■&
.909090
.909090
.900000
.901041
.901458
.902500
3.244203
.902291
3.244203
3.244203
3.244203
3.980000
3.244203
3.980000
3.980000
3.980000
3.980000
...
pound
Union of South
.205800
.909090
-
Free
a-
Africa, pound
'.-.v.v
•
■**?>
Uruguay, peso—
1
::■)
•.
.205800
.301215
.205800
-
Official
^
.909090
,
v
Controlled
demand deposit accounts except
interbank
and
U.
S.
Gov't
accounts,
.909090
.904843
.572800*
.•(
4.035000
•
.301215
.909090
.903906
.572800*
-T*«B
.572800*
"
.060586*
.051275*
'
••
.909090
.902500
Colombia, peso
England, pound
■*-:*
••
.051275*
.909090
•
.060586*
.051275*
'
■»
-
.060586*
.051275*
=
„
_
Official
Debits to
.658300*
Noncontrolled
week
July 5
$
.297733*
.251876*
pound
New Zealand,
__
July 3
$
Canada, dollar—
4,232
5,649
U. S. Government deposits
during
BANK
cer¬
1943, INCLUSIVE
.297733*
—
India
Time deposits
Borrowings
8,
Noon Buying Rate for Cable Transfers
Value in United States
Free
Australia,
28
+
11
—
Liabilities—
Foreign banks
RESERVE
JULY
Brazil, cruzeiro—
795
—
~
__
TO
July 2
Official-
151
+
__
2
<
Argentina, peso—
5,331
+
1,881
deposits-adjusted
FEDERAL
is now
Money
3,413
3,063
Demand
BY
8
12
Other securities
vault
CERTIFIED
31
Obligations guaranteed by U. S. Government
Cash In
RATES
Reserve Bank
in the different countries of the
78
—335
6,971
__
+
5
+
28
bonds
Reserve with
EXCHANGE
1,268
+
8
—
1,319
.
87
+
424
1,158
Treasury certificates of indebtednessTreasury notes
S.
—
1,014
Treasury bills
U.
FOREIGN
JULY
securities
to
1,255
—
tifying daily to the Secretary of the Treasury the buying rate for cable transfers
world.
We give below a record for the week just passed: ♦
Sr../
Real estate loans
Other loans
+ 13.461
31
+
5,542
__
Loans to brokers and dealers in securities
Other loans for purchasing or
carrying
Loans
7-1-42
—304
agricultural
loans
.
6-23-43
45,843
\
Y
•
1
•
.658300*
.528800*
—
_
-
.658300*
.658300*
.658300*
.528800*
1
.528800*
.528800*
.528800*
•Nominal rate.
12,699
General Corporation and Investment News
RAILROAD
PUBLIC UTILITY
-
Alleghany Corp.—$16,195,000 Bank Loan
poration in Redeeming $22,643,000 Bonds—
Corporation
its
1,
1944,
available
For
stock
each
July 6 that on July 3, 1943, it redeemed all
$22,643,000 collateral trust convertible 5% bonds due
the proceeds of a refunding bank loan and other
funds.
this
redemption,
corporation
deposited
$23,687,094
with
Guar¬
trustee of the redeemed bonds, to.cover the principal
bonds, interest to July 3 and the premium of 2V2 %,
Guaranty Trust Co. of New York headed the refunding loan of
$16,195,462 with a participation of $5,020,593.
Other
participants
were:
of
as
the
Continental
Manufacturers
Central
Richmond,
Co.,
Bank
New
Manufacturers
National
Co.,
Illinois
Trust
Inc., $1,619,546;
Commerce
of
Bank
of
Cleveland,
$202,443
each;
&
Trust
York,
and
and
State
First
$80,977.
of
$3,239,092;
Traders
Cleveland,
and
Co.
Chicago,
J.
Trust
$404,886
Planters
National
P.
Co.
each;
Bank
Bank
$5,020,593;
Morgan
of
in
4%
pay
per
gether
of
the
of
their
Beach,
per
the
annum
and
Palm
loan
collateral
annum.
interest
consists
Ry.,
present
is
over
of
INSURANCE
704,721 shares of common
tb 43 Va such shares for
of Chesapeake & Ohio
equivalent
market value
200%
of
the
loan.
to
a
due
upon
original
with
original
the
issue
two
bonds
due
reduction
should
bonds
of
the
just
bonds
redeemed.
redeemed
original bond issues
debt of the corporation
Alleghany
has
Alton RR.—Bond
The
reduced
its
totalled
$35,000,000.
To¬
aggregating $50,000,000
was
$85,000,000.
Since
funded
debt
by
present total of $56,993,000 consisting of $21,661,000 in
1, 1949, $16,195,000 in 4% notes due on June 1,
June
5%
April
1,
1950.
have been
accomplished.—V.
on
other
bonded
issuance,
$19,137,000 in
As
a
result
of
the
refunding,
corporation has no
further
debt
maturity problems to meet until 1949, by which time further substan¬
tial debt
the loan is to be made quarterly at the rate
from the: pledged securities will be used
and, with other' funds, to reduce the principal
MISCELLANEOUS
-
157, p.. 1737.
Income
quarterly and from time to time.
Buffalo
Co.
At
-
The refunding loan of $16,195,000
represents a reduction of almost.
$6,500,000 from the $22,643,000 principal .amount of the bonds re¬
deemed; and the interest charges oh the refunding bank loan will be
under $650,000 per annum as
against interest charges of $1,132,000
The
Bank
bank
Payment of interest
Co.,
Trust
the
of loan.
the
common
of
&
Union
&
for
Chesapeake & Ohio
$1,000
to
with
anty Trust Co.
amount
Collateral
Cor¬
announced
outstanding
Feb.
Aids
INDUSTRIAL
-
$28,007,000
5%. bonds
1949,
and
Alton
formation
RR.
bonds
the committee.
Pres.
of
Assistant
of
Hudson
protective
a
has
Its
Group Formed—
been
members
Trust
Professor
committee by holders of Chicago &
by Louis Boehm, counsel for
Stephen B. Gibbons, Chairman, ViceUnion City, N. J.; John M. Chapman,
announced
are
Co.,
of
the
School
of
Business
of
versity; Dr. Max Winkler, Associate Professor of
College of th^ City of New York and a member
Stock
Exchange
firm
of
Bernard
Winkler
&
Co.,
Columbia
Economics
of
the
and
Uni¬
at
New
the
York
Bertram
R.
Smith, member of the New York Stock Exchange firm of Ernst & Co.
The
unfair
committee
to
the
considers
bondholders,
proposed to issue to the
the
proposed
said
Mr.
Alton
Boehm.
reorganization
The
new
bonds
plan
it
is
extent of one-half of the principal amount of
r
•
■
i
Volume
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4193
158
bear
holders,
in
1931,—V-
filed.—V. 158, p. 81.
the results of
power
$24,893,619 $25,824,784 $22,539,190
1,220,649
1,213,457
960,040
-
'
__
Balance
Sund.
miscellaneous
and
General
minor oper.
127,061
9,479
13,219
prof..
'
,
21,629
.
Other
of
Cost
carrying
mills
$3,830,999
;
115,465
3,402
for
contingencies
depreciation
foreign
on
Net
income
of
Cost
ers'
of
for
in
income
taxes
;
48,000
48,000
48,000
48,000
in¬
on
16,588
20,714
39,207
50,725
special
17,172
1.800
court—.:
114,161
114,054
111,093
2,251
1,801
2,452
committee
dicial
1940
of Oct.
sale
16,
'
con¬
holders
in
>
special
of
24
Operating
market value
bonds...
customers' (less
sundry
in
receivable,
Accounts
from G.
reserves)'
Mead Co.
H.
subsidiaries..
other
of
assets
current
3.241,467
8,012,917
231,553
1,410,502
1,778,876
4,080,181
deposit
Domin. of Canada bands at cost &
revenue
than
shares
in
Investments
mills
in
and
elec.
Timber
(net)
Real
Chattels
and
Prepaid
Other
int.
1,500,635
19,865,122
243,905
Reserve
for
7%
cumulative
preferred
6%
cumulative
preferred
stock
Common
(1,088,117 no
tion
bond
and
interest
receivership
ing
from
operations
;
,
7,308,181
80,168
37,845
563,407
437,014
323,692
323,692
3,884,098
3,884,098
.
1,067,636
11,595,670
13,878,059
1,064,700
1,276,089
9,294,620
12,002,994
deplet.
Net
162,868
.
2,301,050
+208,453
1,875,065
&
Other
int.
♦Pfd.
to
2,301,050
+208,453
1,875,065
Net
to
18,964,935
18,964,935
3,041,714
1,064,700
54,165
1,276,087
9,294,620
12,002,994
54,165
649,978
649,978
63,838
70,455
789,214
11,802,067
11,463,766
9,132,442 :38,745,723
37,151
231,278
34,641,264
141,633
9,169,593
38,977,001
34,782,897
3,897,376
3,870,919
15,804,631
15,757,695
5,298,674
23,172,370
19,025,202
1,791,989
1,792,935
7,170,812
7,171,741
5,083,031
3,505,739
16,001,558
11,853,461
8,063
53,424
40,100
3,497,676-15,948,134
11,813,361
and
public—
applic.
mi-
to
'
interests—
-
'•
15,716
■
above).
(as
5,067,3 15
...
./,/,.
American
""':''' ' '■■'/'
15,948,134
11,813,361
of
income
in
Co.
5,067,315
3,497,676
5,067,315
3,497,676
&
Power
Light Co.—
Net
above—
(as
equity
Other
2,495
40,089
39,769
Total
Int.
68,299
386,646
438,647
11,441,052
2,824,255
.>
683,501
701,207
15,622,858
2,757,846
4,326,914
90,988
2,727.592
76,913
12,865,012
342,765
4,235,926
2,650,679
12,522,247
deducts.
other
and
84,646
3,428,799
-
taxes
Income
to
carried
Bal.
con¬
solidated earn. surp.
1,123,159
31,755
—_
(net)
:___
—
1,194,751
13,074,952
15,409,013
84,546
884,945
1,038,706
pfd.
1,091,404
1,110,205
12,190,007
89,878
92,165
1,086,922
14,370,307
1,114,369
140,767
—
140,767
1,689,209
1,689,209
deducts.
other
on
Bal.
stocks
i
All America Corp. (& Subs.)
Maintenance
General
Other
...
miscellaneous
U.
for
S.
Federal
'
taxes
Provision
for
Provision
for
$2,378,395
661,447
;
unearned.
or
Balance Sheet, March
81, 1943
advances—subsidiaries, $249,993,328;
cash in banks—on demand,
$9,689,018; special cash deposits,
$1,045,892; U. S. Govt, obligations, $4,416,225; State, municipal and
other short-term securities, $2,056,634; accounts receivable from others
than subsidiaries, $1,329;
accrued interest receivable, $567,242; divi¬
dends receivable from subsidiaries, $352,573; other current assets, $630;
deferred charges, $2,921,482; total, $271,044,354.
and
securities
stock
cumulative
($6)
265,883
.:
—
contingencies...—...
depreciation and amortization—^
exchange——
:
If
to
as
286.000
222,702
193,224
125,000
164~437
$576,224
4,779
16,148
as
credit
a
May,
months
p.
9,413,875
11,566,729
10%
will be
against
of $1,162,420) and $19,186,896 for the 12
ended May 31, 1943 (instead of $20,169,150).
t Loss.—V. 157,
month,
Cr8,258
$334,276
companies
1942
(instead
>;:v;
v'/.-V
2208.
"/'/ 183,872
Crl7,152
877,272
post-war credit amounting to $118,406
month and $1,676,610 for the 12 months ended May 31,
to the retirement of debt it is estimated that the sub¬
the
able to utilize $752,531 of the post-war
payment for Federal excess profits taxes.
the Federal income and excess profits taxes for the year 1942 were
be restated to reflect the provisions of the Revenue Act of 1942,
enacted in October, the tax charges would be $1,356,510 for the one
credit
148,217
■
167,000
taxes
one
Net
on
foreign
income
Non-operating
Net
Net
operations
income
on
—
——___—
;
$339,055
long-term debt of all America Corp.
39,822
income
Interest
-V.
from
Inc.—May Be Sold to Pri¬
American President Lines,
following an¬
to the pos¬
ownership of the American President
Parties who desire to submit com¬
prehensive and defnite proposals with that end in view should place
the same in the hands of the
Commission not later than Sept. 15,
The
Commission on July 6 made the
Commission is giving consideration
Maritime
S.
U.
"The
sibility of bringing about private
Lines at
the appropriate time.
1943."
the
is
announcement
the Commission
by
in
to
answer
a
number of inquiries received
company
well
Ltd.,
Inc.,
Lines,
Steamship
Lines
President
American
The
1938,
largely under
for
income
157, p.
_____
$299,233
$592,372
.
,.
41,522
$550,850
2006.
■.
■.■'',
Brush,
Chairman,/ on. July
7
announced the completion of
negotiations to acquire the Belle Center Creamery & Cheese Co., a
large Ohio producer of cheese, butter and other dairy products and
by-products, and its affiliate, O. M. S. Corporation, a large producer
of milk sugar.
;
All of the outstanding stock of the' two Ohio corporations is owned
by Walter L.
Home
/
G.
the
formerly
its
Dollar
trans-Pacific
and
As a
the company was reorganized in
for
it
by
financial difficulties
serious
was
known
operated
services
of
many
years.
the direction of the Maritime Commission which
continuation of the services in these essen¬
took measures to insure the
routes.
trade
the
reorganization
the
name
Inc."
Lines,
President
"American
the
of
Some of
company
was
changed to
the debts of the company
debentures and preferred stock, and the Maritime
Commission, to protect its interest and insure continuation of service,
came into possession of 80%
of the common stock. Although the Com¬
mission had full voting control, it caused the company to be operated
covered
by
directors
board of
a
indebtedness
vessels
concern.
reorganization the company incurred heavy
capital purposes and to put its fleet of
operating condition. This indebtedness has since
the
working
for
proper
paid off.
Henry F.
Grady of San Francisco, former Assistant Secretary
and former Dean of the College of Commerce of the Univer¬
California, is President of the American President Lines,—
157, p. 861.,
Dr.
of
into
which included representative local interests
and former creditors of the
with
connection
State,
of
American Public Service Co.
(&
Sub.)—Earnings—
Operating
1942
1941
$6,561,892
2,123,787
revenues
Operation
Maintenance
>—
income
Federal
—
$6,163,496
2,033,586
Net
Interest
General
Divs.
debt
$6
Utilities
pfd.
stock
Lamb and his family and is being acquired by American
Corporation through the issuance of 6,000 shares of
Products
—
.
121,733
12,169
of West Texas
*r
deductions
dividends
777,104
107,637
12,374
274,002
12,306
———
$1,082,474
956,952
Co.
income
Preferred
116,053
$2,197,416
741,194
debt.———
discount and expense
cumul.
income
$2,081,362
$2,229,989
i
interest
on
199,619
215,672
116,302
long-term
on
of
Amort,
:
income
Gross
284,069
875,774
473,410
—_—
i
(net)
income
281,152
890.326
516,504
s
$2,113,686
income taxes
income
operating
Other
°
636,435
taxes
Charge in lieu of
Other
Alvin
ownership of
to its policy with respect to the
as
company.
American Home Products Corp.—Further Expansion—
*
no
vate Interests—
Net
Profit
shares,
(793,581
preferred, cumulative stock (978,444 shares, no
par), $$7,844,400; common stock (3,008,511 shares, no par), $37,434,351; long-term debt, $42,774,300; accounts payable, $49,811; accrued
interest on long-term debt,
$458,554; accrued taxes, $346,247;. other
current liabilities, $525; capital surplus, $36,026; earned surplus, $12,799,214; total, $271,044,354.—V. 158, p. 81.
$5
$79,300,926;
par),
Depreciation
—
Taxes, other than Fed. income & excess profits
com.
860,759
deducting
Due
sidiary
212,669
300,067
,.
expenses
income
,
665,199
„
the
1943.
: ' 1942
$2,102,412
....
operation
and repairs
and
Provision
1943
!!lAfter
for
Earnings—
March 31—
Operating revenues
of
for
stock
157, p. 2442.
Expenses
earned
8,281,755
requirements applicable to respective periods whether,
dividend
earned
8,616,797,
335,042
subsids.
and exps.
and
Divs.
17,717,884
138,082,938 124,991,882
3 Months Ended
11,879,699
5,010,415
,//
-
.
—"V.
66,338
16,009,504
3,513,445
5,078,714
.
Balance
V.
undistrib.
of
Balance-
Int.
Total
61,370
Years Ended. Dec. 31—
dur¬
11,813,361
15,948,134
15,769 /.
11,399
income
been
and
4,488,091
...
10,040,402
2,920,261
subsidiaries
841,207
3,324
stocks
consol.
Taxes
14,531,068
9,992,752
—
equity
In
bonds
incl.
16,417,737
10,772,396
(net)!
of San Francisco
pfd. stocks—
inc.
net
4,569,765
■><//; ican Power & Light
by
from
income
Total,
1,000,000
$
10,698,998
73,398
public
divs.
sity
34,881.800
$
2,687,151
deductions
nority
1943—12 Mos.—1942
31,601,836 124,953,201 117,190,190
12,292,217 47,994,922
46,513,690
2,953,738
income
other
Subs.)—Earnings-
4,972,010
revs
income
Gross
were
income,
com.
on
and biologicals, the
Bartos, Inc.—V. 158,
and
approp.—
res.
oper.
In
consol—
+62,868
on
E.
in
lead¬
2,725,124
—
——
retirement
result
advances
43,888,276
1,000,000
Nominal surplus of period prior to receivership
Balance of amount available towards deprecia¬
7,261,181
*1,500,000
34,881,800
($100 par)
($100 par)
par shares).——
608,638
Co.:
on
year
expansion.
6,875,020
taxes
taxes
Prop,
consol.:
Other
stock
stock
314,841
25,507,353
com.
Co.
749,987
1,500,000
mortgage gold bonds
first
Other
income
net
net
Int.
__
289,222
23,304,357
above
Divs.
contin¬
other
13,748
2.037,810
stocks—
subsids.
1,800,908
2,549,299
750,998
inventories' and
against
gencies
25,192,512
601,742
stocks
Gas
Electric
re¬
;
9,742,037
23,015,135
Inc. of American Gas &
75,394,191
ceivership
5%
prior to
9,794,948
2,024,063
debt
subsids.
Undistrib.
as
—
incurred
814,675
1,981,394
1,001,832
American
22,449
receiver
claims
5,059,227
deducts.
com.
on
of
327,884
Liabilities—
of
7,658,267
12,767,473
26,040
earned
Divs.
creditors'
Federal
tial
14,369,266
liabilities
expenses
nouncement:
stocks
138,082,938 124,991,882
General
7,401,677
1,341,258
2,007,434
Electric
Sundry
Crl78,839
827,670
pfd.
on
E.
$
33,439,206
12,089,336
Around-the-World
period of reor¬
Total
613,552
1,065,656
—
and
Undistrib.
ganization
66,667
40,366,560
equipment
operations during
58,333
38,327,288
19,858,987
328,395
expenses
from
Deficit
64,242
38,245,799
,_
8,333
;■».
profits
funded
and
Co.
$
Operating
12,986,921
Cr33,333
income
on
pharmaceuticals
1943—3 Mos.—1942
revenues
This
Int.
Divs.
—
buildings....
1,112,341
income
Gross
this
of
-
taxes
Other
6,950,570
1,500,635
;
__
office
and
estate
1,362,309
step
program
5,351,052
5,783,421
13,562,616
taxes..
excess
fourth
Light Co. (&
&
i
Operating
1,479,860
railways,
townsltes and buildings (net)—
concessions and freehold timber owned
36,348,131
34,620,550
457,203
plant
adjust.
r
income
Bal.
waterpowers,
2,935,886
491,222
Operating '"income—
4,103,688
292,809
subsidiaries
equipment,
wholly-owned
Investments
Other
239,553
other
corporations
of
"
1,151,464
:
Divs.
subsidiaries
$
$
1,981,667
67,872
trustee for bondholders
—_
in securities of and advances to
Deposits with
1943—12 Mos.—1942
$
■'
8,514,923 107,004,154 102,404,814
^
•••
tax
8,156,150
.
2,903,492
of
Amort,
♦Federal
8,529,075
_——
wholly-owned
-
Subs.)—Earnings—
9,001,118
Depreciation
-
36,134,603
Inventories
Investments
S
(&
1943—Month—1942
Operation
1941
Co.
consol.:
Federal
1942
$
.
Electric
&
$
Subsids.
Sheet, Dec; 31
Assets—
Receivable
•
Payment will be made at the Union Trust
Period End. May 31—
acquisition
an
Power
Subsidiaries
Liabilities—Preferred
(incl. provisions shown on books
and 1940; $1,785,000 in
for deprec.
Balance
called for
interest.
American Gas
1939.
Investments
*
amounted to $62.85 per share on the
on. the $7 preferred stock.—V. 157,
$3,445,001
Maintenance
on
American
♦Full
Pittsburgh, Pa.—V. 157, p. 1803.
Co., trustee,
$8,187,505
subsidiary companies) was $4,500,000 in 1941
hand
Washington
is the
long-range
81.
Balance
convertible sinking fund notes due Aug.
redemption as of Aug. 1, 1943, at $750
5%
12-year
been
products.
companies
Corp.'s
manufacturer of
Coffee Refining
Canadian
ing
p.
Expenses
—
$8,749,392 $10,126,499
—
—_
Note—Amount provided
on
2341.
p.
declared a dividend of $1,20 per share on
a dividend of $1.40 per share on the $7
$73.32 Va
to
and accrued
each
15,000
newsprint tonnage.
Net
total
A
1, 1950, have
administrative,
superintendence and general expenses,
but before providing for depreciation and bond interest.
tAvailable for
depreciation of mills and properties and towards bond interest before
income and excess profits taxes.
tAmount fixed by the Wartime Prices
and Trade Board to be paid as a preliminary adjustment in respect of
the four months to Dec. 31, 1942, under the system of allocating
Cash
157,
American Fruit Growers, Inc.—Notes Called—
2,500
♦Including
of
and
con¬
legal costs
tBalance
and
stock
selling
Corporation
A.
it acquired Ayerst, McKenna and Harrison,
Previously this year
G.
allergy
these
of
Products
Assets—Investment
bond¬
to
with
nection
fff
$325,000,000.—V.
1942 see V. 157, p. 517.]
as at July 1, 1943,
preferred
milk
and
Home
2442.
p.
con¬
___—-J..—
,
trustee
to
1943), the money value of the
the company and its wholly owned
second
with
distribution
•
Paid
$6
5,000
in
trustee
7
July
on
M.
30,
the books of
Arrearages
__
—
to
nection
(June
writing
approximately
preferred
during
tribution to bondhold¬
ers
$6
has been
concern
the S.
Books $325,000,000—
on
15,
compared with 75 cents on the $6 preferred and 871/2 cents on the $7
preferred stock on March 15, 1943.
LFor record of dividends paid
10,182
in
trustee
is
directors
The
the
nection with first dis¬
Paid
Co.—Annual Meeting Post¬
preferred and of $1.05 on the $7 preferred stock were made on June
__
to
$255,001
preferred stock, both payable on account of accumulations on Sept. 15
to holders of record Aug. 21.
Distributions of 90 cents on the $6
Advertising expenses in
.'■connection
with
Ju¬
Paid
food
Balance
American & Foreign Power Co., Inc.—Dividends-—
87,605
2,151
otage
Expenses of bondholders
this
The latter
output to
sugar
93,020
meeting
at
subsidiaries
property
.
and
its milk
Balance
volume of business on
3,002
1.801
2,251
2,151
of liquidatorof protecting
against sab¬
Expenses
$348,021
84,951
2006.
p.
annual
daily
reports under author¬
Expenses
$489,181
which usually is held on the second Thursday
of July has been postponed until the last Thursday of August, which
this year will be on Aug. 26.
President Charles J. Hardy, in a letter to the stockholders, stated
that
the
company
entered upon its fiscal year now current with
business on its books having a money value of approximately $350,000.000; that since the close of the year April 30, 1943, deliveries
of finished products have been made at the rate of almost $1,000,000
re¬
received
terest & divs.
of
25,361
$404,230
poned—Business
Federal
S.
Cost of obtaining
ity
157,
Mr.
corporations,
major
a
The acquisition
„
Portion
48,000
48,000
48,000
48,000
;___
for U.
infant
Net
income
The
spect of remuneration
Prov.
9,451
American Car & Foundry
29
legal & audit
receiver
to
Cr7,659
debt of subsid. companies
retained,
Ohio
two
General
subsidiary of American Home Products Corp,,
which requires large quantities of this commodity in producing S. M. A.
Cleveland,
$322,660
.
expenses
Paid
-V.
2,805
2,849
4,487
2,865
...
bondhold¬
meeting
Prov.
Cr7,000
$479,730
—
the
founded
and
399,921
378,863
re¬
report
re:
125,000
:
amortization—
and
income
income
Net
'
Net
107,963
issue
ceiver's
Expenses
250,961
171,248
147,619
127,508
126,815
286,000
336,613
op
Interest on long-term
overdraft
and
•
7
efts.
receivers'
on
343,780
400,655
$3,949,866
con¬
thereto
trib.
cessions
Int.
519,902
217,000
exchange
from
$3,680,086
1,558,768
461,616
tax
.
for
Profit
idle
timber
&
,571,183
$9,161,761 $10,527,440
——
1,456,147
expenses
management will be
and
who
President
as
Period End. Mar. 31—
1942
$3,842,871
'
taxes
Non-operating
Total
stock, the announcement said.
policies
Lamb,
1937.
1943
Provision for U. S. Federal income
Provision
$8,422,493
$8,939,855 $10,380,542
208,687
137,419
_
earned.
Int. & discount
share
per
(& Subs.)—Earnings—
...
Provision
tAmount
15 cents each.—V. 157, p.
1 and Nov. 2,
and Aug.
of operation.
Maintenance and repairs———
Cr504,026
Crl,865,651 Crl,458,787
375,127
'
—-—
continue
American
follows:
as
Expenses
12,819,076
S. funds Crl,972,857
U.
on
of
:
payable Aug. 2 to holders of record
disbursed on Feb. 1 and May 1, last.
Feb. 2 and May 1, 25 cents
$5,
par
were
Operating revenues
$15,506,229
639,819
16,535,524
18,523,349
18,772,143
Mr.
substantially all of
•
$23,499,230 $16,146,048
1—— $26,114,268 $27,038,240
•Operating costs v_—_
Premium
1942
American Cable & Radio Corp.
1939
1940
stock,
Similar amounts were
in
15 cents
dividend of
a
3 Months Ended March 31—
pulp
—___
each;
and
newsprint
Total
..
Co.—15-Cent Dividend—
declared
28
June
on
common
12.
Distributions
Ltd.]
1941
1942
V Calendar Years—
directors
the
on
Ltd.—Annual Report—
wholly-owned subsidiaries, but exclusive
of Provincial Paper,
of
,,
corporation on July
The
Paper Co.,
Power &
-•
Sales
,,
.
Products
personnel,
stated.
Manager of the companies,
both of whose plants are located in Belle Center, Ohio.
The Belle Center company was established in 1934 and the O. M. S.
Corp.—Initial Preferred Dividend—
American Barge Line
Commission.
[Including also
of
155, p.. 2362.
will
Home
same
Brush
1 paid an initial dividend of IV2% on the
preferred stock to holders of record June 26.—V. 149, p. 3107, 1615.
The
July
Sales
a
represent
to
petition for reorganization was
Abitibi
is
Corporation was founded in 1940.
them in the proceeding before the Inter¬
The committee has also obtained per¬
intervene in the U. S. District Court in Chicago where the
to
The
He
has
and
accountant
public
Allied Finance
bondholders authorizing
the
from
proxies
requested
has
Commerce
mission
Vice-President.
proposed
committee
state
of
issue
the
is
and
plan
the
'
elected
been
been in public accounting since
1923 with Lawrence Scudder & Co., where he became a general partner
common shares to be allotted to the bond¬
to assign an undetermined amount to the.
Baltimore & Ohio RR., which heretofore has controlled the Alton, in
consideration of the settlement of its claim against the Alton.
The committee has sent out a letter declaring its opposition to the
to
it
addition
has
Sutherland
L.
certified
In
first mortgage.
The present bonds are
pointed out.
Elmer
155
American
Aircraft Corp.—New Vice-President—
Aeronca
present issue will not be secured by a mortgage, nor are they to
any fixed
rate of interest, he stated.
They are to be merely
income bonds with interest that may be less but may not exceed 4%
the
annually, he
itiUrwNWiuw^rtwhawMimiiiwiWBtFW
—_—
Consolidated Balance Sheet, Dec.
.
277,167
9,055
$1,000,186
558,222
31, 1942
plant, $39,971,514; investments and advances, $1,$1,756,168; U. S. Government securities, $1,418,066;
Assets—Utility
942 204-
cash
special'deposits, $54,442; Customers' service accounts and warrants
receivable, $522,396; merchandise accounts,
$196,377; other accounts
THE COMMERCIAL & FINANCIAL CHRONICLE
',A
p
and notes;
and
for uncollectible accounts, Dr$69,750;. ma¬
$292,317; prepayments, $65,856; ' debt - discount-//
of amortization, $1,172,440; total', $47,422,665,
$100,636;
"and
terials
in
0
stock
$100),
(par
(par
$7,714,720;
$80),
the SEC
cumulative;
7%
.
preferred stock of West Texas
$7,974,600;
$4,007,976; long-term debt of West Texas Utilities Co.,r
$19,963,000; accounts payable, $157,881; customers* deposits, $222,142;;
accrued taxes, $844,639; accrued interest, $132,904; other current lia-t
Co.,
Utilities
bihties,. $15,379;
$4,064,932;
$383,403;
plus.
2209.
P.
deferred
liabilities,
contributions in
earned
aid of
surplus,
•
The' company
capital
paid
stock
each
June
paid
of
record
American Superpower
Preferred
tion,
One
19
at
prices not
to
and
Gordon
-
1942,
stock,
of
sale
agent/for the above
as.quoted
in
such stock.
letter dated
a
:!! Calendar Years—;
all
July
1
recorded
such
on
prior
Exchange
asked."—V. 157,
1417.
'
"
~
...
depreciatio'n_______"_i-_______'___
f.or
157,679
'I
261,580
'
<
•
,,
.
profits taxes
,_i—.
deductions '
Reserve
Net earnings
income
Balance
Earned,
rand state income taxes;___;
to
transferred
income
i.—,
income
^
"
*
expense
,
Federal'income
on
Utilities
Service
Balance
,
x
able,
49,120
$71,373;
$556,674
■
$13,954;
materials,
applicable
accrued
first
39,072
interest
supplies
debt,
■
refundable
Service
•Less
-
.
taxes,
$150,000;
other
!'
ties
7,423'
-
j ■'•;i
$442,548 /£:; $371,398;;
-collateral,-
as
securities
306,603
trie
155,031
Balance: Sheet,
doubtful
able,
officers
assets,
U.
and
Pec. 81,
192,188'
564,075
merchandise,
$81,141;
•
,
income,
$8,377;
deferred-
of
(including
$29,999:
trade
$27,789),
employees,
insurance
and
excess
$2,058;
premiums,
"debt,"
$53,771;
vfor
reserve
etc.,
accrued, interest
>
Federal* and
taxes,
$110,452;
other
deferred
credit
items,
$90,541;
$337,052;
The
of
total, $12,490,166.
'
;
,
acquisition of utility properties, $199,320;
capital stocks and capital and earned surplus
of
19.71%
week
of
1942.
•
years
of
output
77,439,000
64,687,700
kwh.
table
of weekly output
u
*
follows;
Week End.—
this
kwh.,
for
"
1943
the
Willard
Aug.
has" set
trustees
by
of
Power
Co.
of
the
the
NY.
Electric
PA.
NY.
posed
of
NJ.
is
NJ.
to
1
;
Operating
Operating
1939
45,133,000
45.814,000
Electricity and
Mainteriance!
77,439,000
64,688,000
57,275,000
45,057,000
38,876 000
Provision, Jo.r .retiremfini ...of
;.
'
-1
Federal
.Other
Arlington Mills—Earnings—
:
,
15,236,53^
operating profit before chargesfor .social.security taxes______
Reserve for depreciation...—
*
$2,893,948
(
$3,224,022
214,511
201,516
232,774
249,091
$2,446,663
$2,773,414
1,9.65,500
profit
for. Federal and State taxes_.
reserve
Increase in
Earnings
i;
for contingencies—..,.
Assets—Cash
manufactures,
hand
011
assets
and
credit* against
plant
excess
May 29,
banks,
$37,162;
material
reserves-
"profits
572; total, $19,237,092.
In
plan),
merchandise,
(less
'
r
of
taxes,
and
U.
general
earned
reserve
surplus,
$6,697,271;
prepaid
159,955'
15,745.
15,627
$59,101
$71,469
977/871
>■
_
838,490:
6,835.
$1,036,972
1943
patent -rights,; etc.;
$22,836,308;/patents,
discount
and
$916,794
$755,284;
expense,
other
$1;
deferred):
first
stock
stock,
preferred
.
*
credit,
deferred
i
*■-f,
'
of the
-
general
first
with
!.
•,
,
*
»
RR.
surplus,*
earned
■>
1
/
for
accrued
employees'$223,-
$1,036,972j
\
H
\!
total,
,r
'
*,
,
Co.—Bond; Redemption—
to redeem on. or
4%
mortgage
interest
Y.-4V.
York, N.
before Aug.
31,
1943,
M
;
any
date
to
of
bonds
JulyvT;
due
1948,-
104Ya,
at
delivery.
Payment will be made at
York, fiscal agent, 45 Wall Street,
of New
i r
158, p. 81.
Corp.—New Directors Elected—
have been elected to the hoard of this corporation.
Five new directors
reduced
was
$17,296;
reserve
outstanding Atlantic Coast Line EE. Co; of South Caro-;
Atlas Tack
-
taxes,
$14,250;
surplus reserved for general contingencies,
The. .company has offered
.
$3,084,-
$4
preference
$1,368,466; com¬
$11,954;- accrued
payable,
Atlantic Coast Line
and all
,
$100>,
(par
$3,792,457;
from
William
of
seven
P.
to
five
Husband,
members,
Jr.,
according
.
the
to
The
Vice-President.
new
directors
are
Sherman
H.
Bowles, President;
Barker T. Hartshorn,
Sidney R. Cook, Mary E. Gallagher and Blanche £. O'Brien.—V. 157,
p. 2444.
*
Badger Faint & Hardware Stores, Inc.—Smaller Div.—»
-The company .oil July 1, .paid a
quarterly dividend of 37 Vx cents per
on
the common stock,
par $10, to holders of record June 25.,
Previously the company paid regular quarterly dividends of 50 cents
per share on this issue.—V. 154, p. 537,
1
'
Baldwin Locdmotive Works—Resignation—
N. H.sSchwenk
has resigned
as
Vice-President • of< the
Cramp Brass and Iron Foundries Division.—V. 157, p. 2444.
for
-
6,817,940
2,284.308
2,128,630
1,413,768
1,405,057)
1,857,072
!
fixed. capital
1,918,246:
^438,252
taxes
.♦1,241,576,
Zl
*.
on July 6 Issued the
?
•
the company has had a retirement plan.
This'
retirement plan .was supplemented by the action of the board of direc¬
tors, in which E. B. Reeser, retiring President, concurred, that no
officer should continue actively in the employ of the company five
years after the • retirement fixed by the retirement plan.-'
r,
.
Accordingly, in conformity with this regulation of the company,
E. B. Reeser, who has been President for many years, will retire at
the close of -business on July 31, 1943.
"
v
The board of directors,' having this situation in mind, has electedJames A. Dunn as President, to succeed Mr. Reeser.
Mr. Dunn has
.
been
with
-
% V 31,353.
^
19,642
after
deducting
14,353
231,103
/'.
from
the
the
inclusion
consolidated
of
Associated
Federal
Electric
income
Consolidated
Assets—Fixed
savings
and
Co.
its
Balance
Sheet,
Dec.
31,
$211,-
;
.
subsidiary
the
to
board
general
duties
Barnsdall
was
inde¬
an
Assistant Treasurer, has
office of Vice-President" and;■ Secretary, effective
-
-
;
•*
of
manager of,.the Mid-Continent Division, and in addition to his
Vice-President
in
California
William
C.
Whaley
of Los
as
Angeles,
Calif.,
has
been
elected
general
manager
of
the
California
Division.-r-V. 157, p. 2210.
:
Bay Way; Terminal Corp.—Purchases Bonds—^
'
this
to
1942
,
value
leaving
V.
a
for
purchase, the company has acquired' a total of $768,300
these bonds out of an original issue of $1,292,800,
outstanding of $524,500, or approximately 40%.—
*
157, p. 2210.
A
dividend
of
20
'
Ties, Inc.—20-Cent Dividend—
cents
per
share has been
declared
on
_
the
common
stock, par $1, payable July 29 to holders of record July 15.
A similar
distribution was made on May 31, last, which compares with 10 cents
paid
on
NOV.
30,
March 1,
1942.—V.
1943, and on March 2, June 1, July 28, Sept.
157, p. 1804.
';v
Operating
revenues-
ancl
Co. of Pennsylvania—Earnings—
End. May 31— %
Uncollectible
15
■;'/■/,///■ Or
Bell Telephone
v;-', Period
.
of
balance
Beau Brummell
■
capital,
available
N.
T.
and
directors, having adopted a policy of decentralization
of executive authority, have created two new offices effective Aug. 1„
1943: a general manager of the Mid-Continent Division and a general
manager of the California Division.
In addition to his present duties
as
Vice-President, Dale R.
Snow of Tulsa, Okla., has- been elected
sub¬
$100,647,005; Investments,' $14,782,478; cash
.property additions only/ $1,192,494;: cash,
$5,141,608; miscellaneous special, deposits, $266,334; U.* SZ- of America
certificates of
indebtedness, $500,000; notes, and warrants/receivable,
of
elected
The
$1,108,238
tax
return.
tax
since
Secretary
Aug. 1, 1943.
15,161
$1,274,277 (Federal $1,171/427 and State $102,850) of which $1,148,results
from - :
extraordinary deductions due to refinancing and
in
interests
Assistant
par
/-
$347,686
are
Barnsdall
Braipan,
3,378,100
210,004
,
.
taxes
the
pendent operator and since 1926 has been Vice-President and Secretary.
The corporation
announces
that tenders have been received and
accepted for the purchase by it of $99,900 face amount of its 20-year
6% income second mortgage bonds due May 1,
1957.
After giving
$6,561,408
;
post-war
accounts,
-
3,154,600
>'•-
income
yeafs
.
interest™/.
for
Retire—Successor;
r
effect
_
Consolidated net income
provisions
to
1,814,451
,
2,826,189
companies
'
Amortization of debt discount and expense___
*The
.1,741,840
$6,589/475
/
debt
__i—
on
1,210,458
$6,345,835
$5,258,842
243,639* - 1,302,564
subsidiary
Co.—
Co.—President
Oil
Wm. £>ewey Loudcs, Chairman of the board,
following statement:'
'
been
_/
income,
long-term
interest
company's
___"
oper.V rev.l
Operating expenses
1943—Month—1942
$8,146,292
' "
5,919
5,410,295
,
1943—5 Mos.—1942
•
$7,375,616 $39,961,924 $36,530,249
15,860
25,823
$8,086
5,025,840
26,473,493
24,493,341
$2,333,916 $13,462,608
1,107,129
6,856,066
$11,978,822
,
savings bonds
for contingencies,
$3,883,653;
Light &
subsidiary's interest in- the
a- base
price of $485,000.
Co.
198
$8,866,430,'
process;
payable, $512,440; notes" payable, $2,500,000";
payroll, $283,489; accVued taxes/ $51,598; reserves for-taxes, $759,991;
social security 'faxes withheld, $18,565; Victory, tax withheld,
$56,194;
092.—V.
Other
$1,894,688;;
-
■
saving^
S.
receivable,
in
-
r "
™
Connecticut
resalet.
.___/
from
on
sidiaries
debts
$222,500;
for
(including State income )
$126,078
Liabilities—Accounts
withheld acct. U, S.
;
.
$6.58
stock
$8,703,893),
-
the
to
'
Gross -income
of
1943
$1,307,468;
expense____:-__j._«
—
$55,000;
\ For many'
6.911,790
taxes.^
Taxes; assumed
;
■"29l',945
$4.94
Sheet As at
sale
Co.
for/
and
announced '-! that /substantial
have
the
*.
income
Interest
$640,414
291,945
.___—
Balance
jbonds, (payroll .allotment
fixed
$481,163
_____
share
per
'
:'!
Co.
.
purchased
gas
Associated. Electric
350,000
surplus -from operations
Dividends paid
%
plan
;
1,783,000
Reserve
General
'Joint
Electric
a
&
!
Utilities
Operating income
other income (net")
/
Net
Gas
expenses
Deductions
Net
23- > on
-
Total
1942..
,
$17,979,989 $18,460,56Q
15,086,041'
Reserve
debt
Barnsdall
(Including Domestic Subsidiaries) •
; ;!//;
- r
:
• **
-/-1942
"/'1941
revenues
__^T._!i__i $20,492,601 $20,481',013
46.041,000
1943
August
12-Months Ended# Dec.*31—*
52,682,000
.
158,757
$264,596;
.j.
'
Associated Electric Co.—Earnings—
-
52,363,000
'
$247,169
interest
account#
Frank
52,870,000
*
themselves
of Federal Judge Vincent'.L. Leibell,
is in charge of the Associated
reorganization proceedings, arid to
approval of the regulatory bodies having jurisdiction.—V! 157/ p. 2007/
65,016,000
May 29—. *
divest
to
the
Litchfield
company's entire- 2,500
.outstanding. .-Consummation- of
the
pro¬
63,374,000
sales
40,691
$233,485
'
commission.-'
approval
62,687,000
6 Months Ended
33,350
000;- capital surplus, $1,321,636;
$24,769,816.—V. 157, p. 2342.
of*
extension
an
the
owns
!stock
subject
71,160,000
Cost of
for
of
them
Associated
Power
69,485,000
"
taxes—
-
announcement
who
I
-
of
for
&
now
common
sale
PA.
Light
71,002.000
'
"$287,860
Elected—.
corporation
reached
73,669,000
»
A,
$9,832;
which
for. the
application
the
on
order
Corp.
79,699,000
-•
2
trustees,
as
ordered
1942,
trustees
Electric
been
Litchfield
for the las&
1940
1 *
August.
Thorp,
hearing* for
-a
filed
Gas-&
78,324,000
81.
41;125
-
'
19_:—
~-V. 158, "p.
and
-
12_c.—
3
:
stock, $983,650; class A cumulative stock,
ordinary - I$1 pari, -$1,038,308;-25-year 5W-%
debentures,
due May 1, 1955, $11,546,000; due to subsidiary companies,
or
series
This :is.-an, increase of 15,'-;
of 116,708,224 units a year
divestment
a
13,
June
July
for
L.
with
June
June
Corp.,. report
Agrees On Plan to Sell. Litchfield. Unit—
The
increase
•
1941'
mon
corresponding
of electric energy
1942
..",/!
cumulative
.
properties*
agreement' has
company
an
-
.
Comparative
five
the
over
totaled
entered
-
of the electric properties of
1943,
(kwh).
production
a'iiearing
and
comply
The
.
Output of electric
energy
Securities
\
felectric
1942
$246,735
from
..
New
-
set
to
Slfc
The
of
;
July 3,
1^— %
*
&
'
1943
received
$266,835
the United States .Trust .Co.
Reorganization Hearing—
:■
shares
ended
has
reorganization
American Water Works & Electric Co., Ihc.—Output—*
week
the
by
,
$266,835
•
^
cumulative
$6
Una
p. 2007.
output .of tjie Associated Gas & Elec-,
units
above
13.3%
Driscoll
Associated
service
j
the
hearing
a
r"
Gas
net electric
132,272,299
or
year
certain
:
-
minority in-,
subsidiary:
companies, $402,249; 6% preferred stock (par $25), $2,625,000; common
stock (1,125,000 no par shares), $2,225,000; earned
surplus (deficit)/
for
July 2,
SEC
J.
order
6f
accrued
$1,759,243; total, $12,490,166.—V. 157, p. 1737.
y' '
yZM'
for
set
Associated
of
was
units
one
The
prepaid
miscellaneous'
taxes,
$103,412;;
deposits, $72,004;
$3,095,158;-donations for con¬
reserves,
group
Denis
for
receiv¬
or
terests'in
been
157, p. 215.
Liabilities—7%: cumulative-first preferred
400;
State
Associated /Gas &
$425;-
* reserves
accounts
$17,532:
sundry accrued liabilities, $26,637; customers'
struction
(less
and
inventories,
taxes,
deposits,
special
notes
has
as
iwith
operation,
earnings
benefit fund,
Electric/ Corp.—Hearing l August 2
On Delaying Divestment ;;Order-7-
$5,088,100; accounts payable; trade' and
interest,*.. $46,516; accrued Federal: income*
accrued
profits
outstanding
the funds with
buying for Investment with,
personnel, organization and
share
1942
sundry
$349,421;
$365,409; deferred debit items, $20,981;
sundry, *$165,020;
of
.deposited
1
interest,
.
liabilities, $174,720;»non-refundable con¬
capital stock (104,715 no par.share#)/.
ago.—V. 158, p. 81,
$10,493,921; assets pledged"
working
funds),
$747,064;
etc.,
Government,
receivable,
I Liabilities—Funded
-and
cash
S.
accounts
receivables
accounts,
franchises,
$126,303;
owned,
and
ended
271,412
'
others
and
The' trustees
_
property,
Co.
week
refund of excess profits taxes, $2,363.
Consolidated
notes
two-thirds
of
have
___
Assets—Investments,
-
;tWeekly Output—.
r.'"
$498,791
:
$426,442
u.
."
Assets—Plant
$3,250,000
subsidiary
two
charges, $950; due from subsidiary companies, $540,163; cash in banks,
$637;028; accounts receivable, $82; total. $24,769.816..
j
•
!-
1912
;
Exchange Commission for July 16.-
Utilities
American
income—:-—
estimated post-war
44,107^
who
Balance Sheet, March 81,
; 52,358
Associated Gas & Electric Co.-r-Hearing *July
"
:'8,268'%;
,
,1
of
Corp,
y
the
dividends
and
____:
.Total
The agreement announced early this month settling various com¬
plicated litigations and controversies involving Associated Gas & Elec¬
tric Co.,
Associated Gas & Electric Corp., Utilities Employes Securi-'
$550,321;
41,437
4,000
net
'v:1
debt
net
of
excess
latter's
and
holders
of
Other, income
;
62,829
—_
and
than
deposits,
Interest
together
.
26,775^
—
Consolidated
J
Associated Fire & Marine.
holding company have voted to'
represented
are
continuing
4,728
$4,077,000;' account#)» arid /wages! payable,/
other
taxes,
Bank,
of
subsidiaries
-.986
$523,575; earned surplus, $442,548; total, $5,585,499.—V. 157,
'
24,600*
"
non-cons.
net- income.—
funded
on
consent
14,189 -;
'
bonds,- $34,387; accrued interest.-on- second mort¬
bonds outstanding, payable Feb. 20, *1943, $39,497;' accrued'
on
income
>.
$480,147
other than taxes,
Consolidated
of
in
the
Balance, March'31
$525,720
$453,372
income taxes!.—
Interest
directors
to
3 Months Ended March 31—
44,220
mortgage
gage income
30",9B3
-
.
'
Fargo
unamortized
Sheet, Dec. 31,
total, $5,585,499.
Liabilities—Funded
1
.2,322
30.Y47 '
.
companies.——
| Other- 'taxes'
15 r -
For
Made
;
,
assets, $4,984,072; investments, $12,302;
special de¬
cash on hand and in banks,- $248,065 ; -U. S; Treasury in¬
bonds, series C, $50,000;- accounts and notes receivable( • less
for uncollectible items of $20,954),-$116,569; contract receiv-:.
tax
come
^
Total
Expenses
interest,
San Francisco, Calif., on;
offered
for
Surplus, Jan. 1
Oirect^ credits to 4surplus__^i_____i_i___v.
posits, $580;
'
Federal
-
4 balance for surplus_„i_j^_^,.
1
v
balancje Dec. 31_____
.,
charges, $78,815;
*
$484,120
Corp
dividends received! from
and
Trust Co.,
has
Inc.,
Indemnity Corp.
Amort, of debt discount and
$474,703
-
jcommon stock______r_-_ ^
Earned surplus
-
'2,030!
—•
_______
J American Utilities Service Corp.:
subsidiary
The
Fund,
_.
$559,624
-
.Contingency reserve charged to surplus
Qash dividends paid on
17,040!
.
48,482
•
':»• Balance of net income of sub: cos.
!
Associated
Co.
Debenture
301,189
tributions for extensions, $10,253;
interest
*
7
,
purchasers,
Operating expense# and:
•-
taxes
for prior years.__i._-——
Additional provision for 1940 Fed/income-taxes
Parts inventory for abandoned Fulton engine.-
"$608,115
.
.,
of
American
inc.—Offer
Fund,
*
„
$239,339;
total, $130,223,754.
.905^.;
..
4
*
-$591,075
$534,633
.
subsidiary companies---—-^Equity of'minority stockholders in net income
of subsidiary companies
to
construction,
*59,685
$172,600
T; 142
..
1
1
Additional assessments paid
on
Net
.
Fed-
for
dividend pay¬
Associated Telephone & Telegraph Co.—Earnings—
-
212,437
.
373,398
mortgage income, bqnds'____
Prior years dividend cancelled
/J-!JLI*
233,325!
.
23,688
.;.
%
—^
oi discount and
charges
of
general policies substantially unchanged.—V.
$444j730/!
$185,084
1942
1,
second
on
provision
Miscellaneous
$583,780
$114,062;
debt, $2,024,185;
Union
Bank &
Insurance
subject
intention
17,646
.
^.
"
l'SO,"000 / :
,v„
"surplus
earned
surplus balance, Jan.
Interest
165,198
_
$510,944
—.
1
Net
on-funded- debt
accept,
Net
327,607
205,899
.
.—
Other
-
accrued,
imI.
!
* 208,231
______
for Federal
'
'
A54^315
.
279,87L
*210,583
.
—:
—,—
»'
% ;
s
,
Total/'income'
/Other
1941
278,966
amortiz.
Insurance
$427,084.*
\
;
■
256,021...
_u
and
"
undisclosed
companies,
"
247,286
$526,758,
16,557
-
'
'..
the.
to
1942
—
taxes
Interest
of
Associated
171,863 '
Assets—Fixed
,
to
Income:
$2,694,737% $2,944,575
1,232,323
1,347,500:
—
excess
.
income; froni "operationsOther income/——*^-
(& Subs.)—Earnings
'
Subsidiary Companies:
Gross earnings
operation!*
and
Z
;>
V Net
£100, on July 1, 1943.
The market in this
such Exchange at the.close of business'on July 2,
Years Ended Dec."31—'
income
aid
in
Insurance
/The Wells Fargo
behalf
Wells
,,1941."
-
1/117,558"
1,002,518 f
'f 165,263:!%
106,678;
Provision
'
Federal
.1942.
'
x
.
Taxes, other thaa Federal and State income---
in part-
stated
2,
1
,
Maintenance
'•
basis
the
on
American Utilities Service. Corp.
Other
(including
accrued
interest
long-term
on
Subsidiaries—
Inc.—Earnings—
Operation
'"/Total;
Depreciation
taxes
/
'.
'
/.The prospective
purchasers,
reyenues!________!l_ll_"_—! $2,228",839*-' #1,955;429.(''
Operating
at
1943, was 9? bid and lOQ'/a
Maintenance
surplus,
subsidiary, $43,350;
other current., and
$112,247;
deferred
credits,
$1,323,058;
reserves,-
Associated
%
_
,
stock
was
on.
$396,158;
tax), $1,253,644;
preferred *stock of
payable Jan. 1, .1943
—V, 157, p. 2444.
Light Co.—Ordered to Void $17/-
Arizona Edison Co.,
corpora¬
include
shall
which prices
share,
on
computed
such
this letter
capital
.
to
per
dividends
value,
deposits,
on
accrued
liabilities,
$10,319,427; contributions
cost."* % The company was also directed, to showf;
why it should not 'prepare and submitv revised reclassification
and original cost studies with respect to an additional $47,000,000 on
its books.—V. 157, p. 2443.
v
$1,000,000
Grand, President,
last
company's 4%
in-the principal!
cause
.
date of
.the
.'; '! ■:-v.-!
v
original
over
excess
of market values-as- of
the ciose of business on June 30, 1943, 'applicable to each share of the;
first preferred stock of the corporation was $199.03 per share.
The
total claim of the preferred stock in case of, liquidation of the cor-^
poration would, as of June 30, .1943, be $100 per share plus- $21 of
dividend -arrears, or a total of $121.
.j
I "The first preferred stock of The American Superpower Corp. is
admitted to unlisted trading privileges on the New York Curb Exchange.
The
:
.
consolidated
.
City, N. ;J., will until 3 P. M. on,it of first preferred stock to an.
appropriated for that purpose,
Jersey
exceed $100
unpaid
"The-asset
•
Place,
to absorb
follows:,;' ('1
as
Power &
of
outstanding
1950,
$35,000,000;
stock.
Bank of Jersey City,
Exchange
sufficient
accrued
to
able
The Federal Power Commission on June 22 ordered the company to
show'cause within 90 days why it should not be ordered to dispose of %
more
than $17,000,000' "in write ups and other amounts- representing"
Corp.—Offers to Purchase First
receive bids for'the sale
amount
the prepayment
to
1944
stock,
erahincome
Stock—
The First National
July
25.
June
applied
serially
$1,050,000,—'V. 157, p. 1804.
Arkansas
.
31. last, $12 on Dec. 31, 1942; $4 on.Sept. .30,
April l and June 30, 1942.VI 157, p. 1359.
on
of
tomers'
000,000' in*Writeups-r-
of $2 per share on the
This compares with $1*:.
dividend
&
maturing
amount
.:/■ VJ
will be
proceeds
notes,,
Co.—Pays $2 Dividend—
30
holders
to
March
on
and $1
total,
$1,735,645;
.
on
depreciation,
capital sur»:
$47,422,665.—V.- 157,.
for
$81,247;-reserve
construction, $124,195;
///.!./'.,/.
American Steamship
c
Net
Liabilities—Common
>
$13,214,848; consolidated earned surplus (deficit), $32,907,140; capital
stock.of subsidiary, $3,400,000; long-term debt; $94,824,503; long-term!
debt, $377,591; ;notes payable to banks, $11,420; accounts payable to
associated companies, $1,175; ■ other accounts payable, $475,888; cus-/
Company on June 29. filed a registration statement - <2-5166) with \
covering, the proposed Issuance of 26,000 shares of preferred,
stock'.(no pari,"
:-!,v
The company proposes to offer these shares through certain of its
employees and through security-dealers to-the-present .holders-of-its
preferred stock at the rate of one share for each 2'/2 shales', held.
:
process
Liabilities—Common. stock
preferred
Ardeu -Farms- Co.—Registers' with SEC— -V*
reserve
supplies,
expense
Monday, July 12, 1943
capital
157, p. 437.
(for accounts of employees), $83,611j
$1,250,000; capital stock, $4,865,750,;
.
Surplus,
'
$4,973,800;
'
\ '
*
total,
$19,237,-
_
$43,470;
accounts
$149,943),
receivable
$1,344,899;
$64,491;- accrued
associated,
(less
accounts
interest -and
companies,
.
reserve
for'uncollectible;accounts
receivable
from
associated
dividends'receivable
.$63,990;
..
materials v and
-
on
corhpanies;
investments
supplies
of
•
assets,
$788,395; prepayments, $148,054; other current vand: accrded
$4,540; deferred debits, $3,211,812;' deposits for' interest due
Jan.
1943
1,
on
long-term debt, $2,024,185;
total; $130,223,754.
Net oper.
Operating
revenues---,"' $2,730,078
taxes
______
1,414,294
operating
income
$1,315,784
5,760 478
in
and/, inert/
chandise,
4
Net
Net income
—V.
735,100
157, p. 2444.
•'/;
*
$6,606,542
$6,218,344
713,124
3,728,391
3,627,355
;• V.'
v.;."'.
(Continued
$1,226,787
on
/-/-'v.!
page
185)
V-V..;•*.;/ t!/;'/r~.
Volume
158
.
THE
Number 4193
1JMMWRCIAL & FINANCIAL CHRONICLE
Stock and Bond Sales
DAILY
WEEKLY
YEARLY
-
disregarded In the day's range, nnless they are the only transactions of the day. No account la taken of such sales In computing the range for the year.
dellTery sales are
NOTICE—Cash and deferred
New York Stock Exchange
«»
-
,157
v
United States Government Securities on the New York Stock Exchange
Stock
Exchange during the current
Daily
—-
[Close
of
Record
U.
8.
rHigh
f High
•( Low
sales
In
High
2
104.26
Vis,
Total
13
sales
In
2Vis,
Low
1
1964-1969
Total sales in $1,000
Low
•
'
'•
Bales In $1,000
Close
■
Low
f
(High
Low
j
Total
sales In $1,000 units
_
(High
2%s, 1952-55
Low
[Close
Low
Closo
■;;
Total 6ales In $1,
Total sales
In
$1,000; units—.
2%s, 1954-56
Low
Close
■
Total
sales
in $1,000
I Close
'
units
(High
2s,
Low
1947
[Close
Total
>rTr
sales In $1,000 units
(High
High
2s, March 1948-50
Low
[Close
Total
"High
112.23
sales In $1,000 units
112.23
Low
Close *
[High
.
2s, Dec. 1948-50
■
Total sales
5
In $1,000 units
:
[High
2s, June, 1949-51
Low
[Close
(High
2s,
Low
2%S, 1948-51
<
Sept.,
in
Low
$1,000 units
Total sales In $1,000 units.;
2s, Dec.,
Low
1949-1951
Low
■
Close
Close
Total
$l,o6o units
Total sales In
■
'
2%S, 1956-59
i
sales In $1,000 units.
High
[High
,
March,
2s,
Low
Low
1950-1952.
Close
v,
V'[Close
Total sales In $1,000 units
.
<
[High
"High
,
__
[High
.( Low
1949-1951
[Close
[Close
Total sales In $1,000 units
2Hs, 1951-54
(High
Close
Total sales
sales In $1,000 units
Total
Low
Close
112.23
units
2%s, 1945-47
Low
•
Close
Total sales In $1,000
Low
•
Close
2%S, 1955-60
Low
•
'
"Hlgn
3s, 1951-55
___
(High
"High
Total sales in $1,000
[Close
-•
High
\
3B, 1946-48—
27,
■[Close
•
1
-
100.16
,
sales in $1,000 units
2%s. 1951-53
102.1
sales In $1,000 units
Total
3y8S, 1946-49
'
i
102.1
Close
■
100.14
100.18
High
Low
1967-72
Total
1
100.17
>
3
102.1
[High
3%s, 1944-46
2 Vis,
100.24
___
'—
units
100.18
units
100.24
100.24
•
100.18
Low
•
Closa
High
Total
100.21
High
Total sales In $1,000 units
y«s, 1943-45
July 9
100.21
$1^000 units
Close
3
July 8
100.21
Low
1963-1968
High
'
July 7
—_
Close
104.26
104.26
—,
Total sales In $1,000 units
3%s, 1946-56
July 6
$1,00 units
--
—
[Close
July 5
[Close;
Total
—.
\ Low
July 3
Prices
Bond
1962-67
2Vaa,
—
units
4$, 1944-54—
July 9
July 8
July 7
July 6
July 5
Treasury
[High
1 Lo*
dfcs, 1947-52
week.
July 3
Prices
Daily Record of U. 8. Bond
Treasury
Total sales In $1,000
in Treasury, Home Owners' Loan and Federal Farm Mortgage Corporation coupon bonds on the New York
Figures after decimal point represent one or more 32d of a point. (See note below).
- * /
•
daily record of the transactions
Below we furnish a
Total
sales
In
$100
units-
—
(High,
.( Low
«;V":,\VvY
V.;-)
;i"i'
Total
2s,
Low
a
v »?"».
«. ».*. •.
Total
sales In $1,000 units
•
23,
Low
2s
\ Low
1945
100.27
sales In $1,000 units.
1
Low
1951-55
Total
units
[High
2%s,
100.27
Close
[Close
Total sales in $1,000
1950^1952.
High
[High
2%8, 1960-65
Sept.,
£JlO50
•
100.27
[Close
Hlgn
2%s, 1958-03-
sales in $1,000
units.
1953-55
Close
Total
Total
sales In $1,000 units
High
2 Vis,
1%S
Low
1948
sales
in $1,000
1948
Close
Total
Total 6ales In $1,000 units
2 Vis,
[High
Low
1949-53
Federal
3»/4S,
Close
Total sales In $1,000 units
Total
Total sales in $1,000 unitsHome
sales in $1,000 units
!
[High
( Low
\
-
2Vis, 1952-54
3s
Owners
series
A,
Loan
Total
f High
•{ Low
sales In
1V2S, 1945-1947
♦Odd lot sales.
LOW
AND
HIGH
Saturday
Monday
July 5
SALE
Tuesday
July 3
July 6
per share
'
52
*54
11%
S
per share
62
$ per share
61 Va
111%
*110
$ per share
611/4
61
1111/2
♦50
55
61
♦55
571/2
*60%
111
*50
57%
*55
11%
11%
32
32
32
32
*31%
20
■♦191/2
19%
19%
19%
47'/2
47%
47
471/2
47 %
*71
5%
*100%
47%
76
*73
5%
5%
103
♦1001/2
•73
751/2
57/a
;■■/'■' 5%
103
2%
2%
2%
24%
23%
*1011/2
2%
23%
241/2
23%
24%
231/4
24
39%
39%
39
39%
30 y4
31
301/2
31
2%
23
v.
*71
76%
*71
761/2
;
*31
'32
19%
19%
46i%
51/2
■
*101%
103
2%
5%
104
2%
24%
'
24%
3
25%
*74
7
5%
*103
•:
2%
3%
23 Va
-
23%
23%
25
24%
25%
-
39
.
39
39%
411/4
40%
41%
:
30%
30%
30%
30%
30%
3IV4
*71
*71
75
10%
160%
*13%
14%
*13%
14
*13%
141/2
*22%
23
22%
23
221/4
22%
10%'
75
*71
9,300
•
75
;
_
10%
*10%
161%
161%
162%
13%
13%
*13%
14%
200
22%
22%
221/4
22%
1,500
10%
10%
,
11
;
,
600
v
July
48%
Jan
13
Apr
7
5%
Apr
8Va
NOV
32
Jun
17
V:. 18%
Jun
26%
Dec
14% Jan/
8
21% Mar 30,
Dec
8
48% Jun
10
Mar
29% Apr
16%
38% Jan
41%
,
28
Jan
51/a Jan
100
1
;
7
25
•ft Jan 11
2
39
8
...
1
/
751/4 May 28
h 7% Apr
105
Jun
3% May
25% July
9
11
41% July
31% July
15
75
Jan
>
162
161
13%
131/a
13%;
*91%
'
13%
94%
91%
917/a
*91%
43
42
421/2
41%
41%
22%
*1%
22%
22%
2
*1%
*22
24%
♦83%
84%
29%
29%
*29
*69%
70%
71
For
footnotes
♦22
84%
see
page
167.
22%
2
241/2
13 Va '
22%
*1%
*22
161
161
\
13%
*82%
84%
29%
291%
71%
75
43
22 Va
22
1%
*1%
*221%
2,000
25
*f*
29%
75%
~
P4
100
30%
761/4
76
.
!
400
1,600
6,700
&
Dye
No
Jan
19
140% Jan
9
7
Jan
%
Oct
Apr
6%
Not
3%
Apr
6»/4
Not
0%
Feb
3%
Apr
7%
Dec
May 29
118%
Apr
10
May
11%
4
12%
Jan
Apr
16%
Nor
6%
Not
15
64
July
3
22
Apr
30%
Jan
Apr
19%
Not
14% May 17
25% May 29
141/4 Jun 28
61/4 Jan
73% Jan
7
94
Jun
par
26V8 Jan
7
43
July
Alpha Portland Cem
No par
1
50
No par
No par
% Jan
13
13% Jan
20
25
Jan
14
86 % Jun
7
2
30i/s Jun
10
18%
761/4 July
8
25V*
Amerada
Am
preferred
Pefcro Corp
Agric Chem
CDel)
American Airlines
Lnc
10
17% Jan
X67
23
52
Jan,
" Jan
7
27
22% July
2 ye May
Jan
Apr
4
No
Amalgam Leather Co Inc
149
Jan
4
10% Jan
No par
—100
Jan
73%
Allls-Chalmers Mfg
preferred
17
22%
2
5%
Jun
Nov
161/4 Jan
8
Feb
May
11% Jun
163
94%
67%
—5
Allied Stores Corp
%
par
Nov
16
May 26
No par
Allied Mills Co Inc
6%conv
84%
30
Chemical
Allied Kid Co
200
10,000
2
25
P4%
Allied
12,700
J
22%
1%
■
72
91
42%
*22%
2
29 %!
13%
91
42%
22
22%
24%
84%,
13%
93 y2
42%
,
42%
137/a
*91%
13%
92
1,500
4
ft
2
64
2
Oct
1% Mar
3%
/,>'•
9
11
:
69
69% July
9
Jan
51% Jan
Deo
Jan
4
18% Jan
13
'
15
25% July
Sep
61
:
6
-
*160
"Jan
55
85 V Jan
Alleg & West Ry 6% gtd—
Allen Industries Inc__£
Deo
43
2
100
par
Deo
113
May
6
3% Jan
No par
,
5
100
Alghny Lud Stl Corp
31
,,
51%
7% Jan
—10
Min—
28*
Highest
$ per share
Mar
104
May 27
Jun
May
1942
25% Feb
67
$2.50 prior conv preferred-No
.3,900
6,900
411/4 Jan
Allegheny Corp
No par
5 % % pf A with $30 war
100
5%% pf A without war——100
95,700
34,800
\
50
par
Albany & Susq RR Co
25%
113
No
Alaska Juneau Gold
3,400
105
24%
23
23
par
Ala & Vicksburg Ry Co
76
63% Mar 12/ ■U- 37
Feb
No
10
4
$ per share
S per share
35% Jan
Address-Mutigr Corp
Air Reduction Inc
2,303
5%
51% Jan
110
Adams Express
Adams-Mills Corp
400
47
78
Acme Steel Co
200
19%
47% *
preferred
Abraham & Straus
100
4,400
11%
32
*31
4%
10
55
56
11%
47%
*74
5%
10%
10%
*50
!
19%
K
76
160%
10%
12
50
Lowest
Highest
$ per share
No par
100
No par
25
No par
Abbott Laboratories
600
*54
55
Lowest
EXCHANGE
Par
110%
Year
Range Since January 1
NEW YORK STOCK
Shares
share
611/4
llOVi
55
11%
11%
$ per
*60
62
55
11%
Sales for
the Week
Friday
July 9
111
*50
11 y8
•/.'
July 8
$ per share
♦111
52
Range for Previous
STOCKS
Thursday
:;
:
July 7
*19%
■;
tSale of registered bonds, all others are coupon issues.
RECORD
PRICES
Wednesday
*31%
-
—
$1,000 units
NEW YORK STOCK
111%
—
Total sales in $1,000 units.
[Close
*61
—
Low
—
sales In $1,000 units
2y8S, 1956-58
$
High
1944-1952
Close
[Close
Total
Low
Close
[Close
\
1944-1964
3s, 1944-1949
( Low
•
in $1,000
Mortgage
High
£
[High
2Vis, 1950-52
sales
Farm
3
22
May 24
14%
81
Jan
H Aug
.
11
1%
Jan
Deo
18%
Jan
Mar
70%
Oct
Jun
24
Not
Apr
58%
Dee
.
43
& FINANCIAL CHRONICLE
THE COMMERCIAL
158
RECORD
NEW YORK STOCK
*'• ■>/><•
..
LOW
Monday
Saturday
JulyS
$ per
$ per
$ per share
share
16%
16%
17 ¥4
58 ¥4
8 ¥4
9 ¥4
135
8 Va
8 Va
OO 0
43
43
78
78
„
*21
28
*11 Va
11 ¥2
79
*21 ¥2
1,500
*21%
11%
15%
15%
100 ¥2
15 ¥2
100
(4'c
30 ¥4
3%
3%
3%
3%
•
33/4
160
3%
I
9%
9%
*9%
93/4
27 Va
26%
27 ¥a
26%
27 ¥4
7%
-7 ¥4
7%
7%
'.7%
85 ¥2
77
333/8
25
24%
25
245/a
25 ¥2
76
76
76
75%
75%
-
33%
323/4
32%
32 ¥2
32%
-
32 ¥2
4
*3%
41
''
,/
*40 ¥4
40 ¥1
40 ¥4
4
33/4
•
*40 ¥1
41
*67 ¥2
69 Vb
68 ¥2
68 ¥2
67%
67 ¥4
4%
4%
4%
4%
4%
4%
/■" *56 %
57%.
573/4
V
6%
6%
43 '/a
15 ¥4
,
43
15
15 ¥2
105 ¥2
103
14%
15 ¥a
14%
*14%
*9%
..*9%
/
•
9%
235/a
9%'
119%
*117 ¥4
32
31%
111
of
32
300
..
3% m 33/4
.35/8
3%
17,600
40 ¥4
40%
42 ¥4
41%
42%
23,600
36
37 ¥2
37%
39"/s
38%
39%
30,500
10%
10 ¥2
103/4
10%
10%
10%
10%
18,300
16 ¥4
15%
65%
54%
65%
16
15%
65%
647/a
66 ¥2
65 3/8
16
15,900
66%
16
15%
180
15%
67
*171
172
172
180
*171
180
*171
Preferred
4¥2%
2,460"
v
-•j
American Rolling Mill
1
-
-'lAt1
1
,
,
_
"
v.,
3bVa Apr
1
25%
4 ¥2
/'•
7
70
5
x36%
2
v
May
5
53
5
'2
2
7
Jan
4
■*><_
,
-
2
2
"4
2
3
1,
\
2
2
16
14
16 ¥4
•16 ¥4
16%
41 ¥2
32 ¥4
31%
41%
42 ¥b
41 ¥4
42
153 ¥a
153 ¥2
153 %
*
44
44
-
27
28
28
•
30%
30%
*28 ¥2
155
,145%
r' 46%
v
;
,
5%
Nov
7
Jan
Feb
23
46
17% May
35 Va Mar
6 ¥4
6
109 ¥4 Jun
15 ¥2 Jun
1
10 ¥a Jun
32% Apr
4 ¥4 May
14%
*14%
14%
*
1103/4
163/4
¥ 500
30%
1,200
110%
110%
111
1093/4
29
29
*28
155 7/a
155%
60 ¥4
60%
603/4
12
12 Va
*11%
.46%
46%
>46 ¥4
63
62%
1453/4
v.r Iv
(f..
120
46%
:
11%
3,700.
Amer
2,600
American
120
*119
21% Jan
14
100
25
127V4 Jan
2
2
2
,
.
400
5
17,000
Am
;
„
TOO
Type Foundries Inc
Viscose
%preferred
63/4 Jan
.—-^10
32
6
1153/4 Jan
:-,-100
—
—
"2
14
Jan
8
,.-.14
Corp
Jan
,42 ¥2 Jan
43 ¥2 Jan
1293/4 Jan
,_25
B_—
preferred
t6%
46%
,
class
Common
<3,400
i 840
145%
<
119|5, 119 ¥2
'v.* ;.V
No par
Tobacco
Telep & Teleg Co
Tobacco
Amer
American
„11%
v.- 46Va
•
5
91
100
Sumatra
Am
'
■5,700
:3,000
64
63 Va
.
11%
46%
Z f v.
'
145 ¥2
145%
11 ¥2
<46 ¥2
*119
120
63 ¥4
145%
»
61%
61
6
Jan
100
Preferred
500
v
Jan
Mar
2
9
2
14
—No per
(/American Stove Co
American Sugar Refining
155%
155 ¥2
61
•
•29
*28
156
63%
"120
16%
303/8
Feb
Jan
.American Stores^.——i——No par
600
14%
17 ¥4
30%
155%
63
'
*14%
16 ¥2
30%
30%
No par
Steel Foundries
Amer
4,900
35 3A Jan
145
193/s
11%
12
17%
v
26%
Feb
Jan
it Jan
9
15%
39% July
9
12 Va
Apr
22
Jan
11% Jun
8
3%
Apr
6
¥4" Nov
July
8
142 Va
Jun
165
Jan
16 ¥» July
3
12
Jan
67
9
172
July
47% Apr
100
Nov
23% Mar
119
Feb
42% July
7
1
2
—25
7%
Apr
21% May
Va Mar
10
May
Z 26 ¥4 Jan
:
9% May
Apr
59% Oct
.
4% Mar
9% Nov
6% Feb
24
14 Va
155% Mar 15
29
3
136 Va
9%
7 ¥2
144
.
Jan
July
Jun
1
2
15
112 ¥4 Jun
5
30% Apr
12
17 ¥4
101 ¥4
23
Aug
134% Jan
Apr
9
33 ¥3
Apr
64
July
9
145% July
8
120
6
July
9
22
25
May
Apr
49% Jan
50% Jan
.
Apr
3 V*
1
12% July
47 ¥2 Jun
34%
120
;
Apr
>
Apr
108 ¥«
Oct
Jan
97% Jan
Jan
27
10
Feb
12
■
Mar
61% July
Nov
21 ¥4
78% Mar
156 ¥4 Jun
Oct
Mar
21%
Jan
17 ¥»
Nov
36 V*
Jun
33
Jan
148 ¥4
Jun
10%
Mar
Jan
43
Apr
2
29% May 29
15 ¥2 May
4
151
Dec
35 Va
May
35 Va May
132 Va May
1
45'.7 Apr
Apr
82%
4
preferred—.
Dec
4
8
6¥«
Nov
12%
Apr
May
113 Va
24
18
American Snuff—
400
Jan
91
16
7
7
May
1
Nov
10 ¥4
Jun
9%
4
27 ¥a Apr
123
40 ¥4
Jun
65
30
15 ¥4 Apr
10
27 ¥4
26%
145%
.
47Va
119
119
26%
145%
62%
12 ¥a
12 ¥b
26%
145
62 ¥2
145 ¥a
:
150
*145
Dec
Apr
32% Mar 23
-
Dec
May
.
Oct
5
600
42%
42 ¥2
433/4
150
17
..
*28 ¥4
61
1553/4
2
'■/ 37
2%
5
37 ¥a Jan
144¥2Feb
56 '
Apr
Mar
4%
6
No par
.—100
Oct
2
8% Jan
12% Jan
Smelting & Refg
tPreferred
—
Jan
6
27
Amer
5,000
Oct
3Va
36 ¥4
.
7% Feb
par
Jan
Dec
Dec
35
9% May
par
.18.50
Co
Dec
42 %
.
6
No
Razor
Seating
American
80
Dec
8%
July
fAmer Ship Building Co—-No
.American Safety
900
2,400
t
42%
155
27 ¥4
110¥2
(
155%
*60%
6i%
,
29
155 V4
60%
60 ¥4
;
110
*28 ¥4
29
154%
•
:
155
145
30%
110
110 ¥2
*1097/a
17
31
•
154
*43
14 ¥2
17 ¥4
31
.
42 ¥4
44
26%
28
17 ¥4
17 ¥4
42 ¥4
150
43 ¥2
♦145
.
14 ¥2
*14%
14%
14%
*17
44 ¥2
150
U/
16%
31% : 31%
•
153 ¥2
153
153 ¥2
43 %
♦145
148 ¥2
¥4
-
I
14%
16 ¥2
323/a
41%
*31%
32
■/ 148%
; 14¥a
16%
413/4
32
14%
16%
31%
14
163/a
*31%
14
14%
14%
14%
16
•
Jan
25
Dec
2
49 ¥4
Sep
1 Va
May 27
'
14%
7% Nov
2 Va May
'
Nov
25 Va
Jun
32 Va
A Jan
18% Jan
16 ¥2 Jan
6% Jan
v154
Feb
10 ¥s Jan
54
Jan
25
100
preferred
conv
r
1
■
Jan
6
X26
-
,
—100
—
—
10 ¥4
22
12% Jan
$6
$5
10
17
Apr
7% Feb 11
20¥4 Jan 4
116¥4Jan 29
preferred.
No par
preferred-Li.—..No par
.Am Rad & Stand San'y
No par
3%
33/4
78 ¥2 Jun
N6V*
3
Jan
40% Jun
7% Jan
Amer Power & Light..—....No par
39
38%
IV2
Dec
16 ¥4
.
Jun
6
5
4
39 % Jan
par
...No par
News Co
American
16
Jan
100 ¥4
Jan
16 ¥4
Jan
8l¥aJan 20
—No par
100
40%
■■
25%, July
Jan
6
Jan "6
Feb 23
22%
'■>&':Jan>:
18% Jan
May 10
Oct
7% Dec
/
•
3% May
5
Apr'
87% Jun
5 ¥4 Jan
Amer Macii & Fdy Co.——No par
Amer Metals Co Ltd
6% preferred.
9
Dec
18
May
%
Jan
Mar
7 ¥2 Mar
29 ¥4 May 18
37 ¥4 Jan 11
' 4% Jan 2
American Locomotive..
Amer Mach: .& Metals..—No
10
20 ¥2
110
Dec
53 % Jan
2
Jan
...__1.
2,800
92
4
10
2
35.
„—_.No per
Co
2
Jun
8
21
2% Jan
1
14
4 ¥4 Jun
.7.
39.
30
5'U cony'preferred-.—-—.50
..No par
Preferred —
———100
„
/
40
32
32
32
Invest
31
46% Jan t2
—10
6
Jan
103
Jan
3% May
Oct
(Jan
73%
May
15
Dec
Dec
!
33
4
May
25
104 ¥2 Jun
1% Jan
No. par
No par
Leather
&
18% Feb
3%
176
:•/ 69Mar 7(
24% May 20
Feb
74%
May
;, 16
:
11% May
"-••
55 ¥2 May
7: 105
112% May 10
6% Jan
24¥4 Jan
paf
4,200
120
*117-¥4
120
6% Jan 26
14% Jan
2
97% Jan 27
.15% Jan
8
l%Jan:,;2
,
„,_1
;i,200
10
23 ¥4
23 ¥a
Hide
'4
.1
96
Feb
JL9% Feb
:
..10
10%
16 ¥4
65%
9%
223/4
3%
180
Z
9 7'a
233/4
120
1,600
15
15
143/4
24% Apr
114 ¥2 Jun
109
..10
.100
Lines Inc
Amer Internal Corp
7,200
15 ¥4
5
Jan 22
35%
10%
*171
14%
{
43%
18¥4 Jan
par
convpreferred—.——50
American
100
io5
103 ¥2
104
No
Oct
Jan
130%
Apr
20
•Z'
79% July
6¥a
Mar
45% Jun
j
Oct'
33
Apr '
56%
159
July
6
39
40%
38
10%
.15
119%
31%
31%
3%
3%
35
103 ¥4
*9%
L
120
*118
31%
*31%
103
14%
15 ¥4
Cable Inc..
1 Va
¥4 May
15
6%non-cum preferred—-100
.
1,500
;
*43
43 Vo
14%
) 400
.
•
120
*118
63/4
6%
*6%
*43
15 ¥4
14%
24
23%
-
8%
23%
10
233/4
-
9%
*23%
►
8%
•6 ¥2
9
■
9
¥4
.49 Nov
Apr
Apr
90% July
181
9
Apr
120
>'
$ per share
>
3% Mar
23
>
>/
-v.
Highest
Jan
38%
8
132% Jun
>24% Jan
Aftierlcan Home Products——...—1
American Ice:
——
No par
1,300
*57 ¥2
6%
9
5%
July
>64 % Feb
preferred—100
conv.
American
2
Jan
93/4 Apr
41 ¥2
par
..No
$7 preferred—No par
1,000
4%
58 ¥2
57 ¥2
9
43 ¥2
15
1043/4
106 ¥2
*104%
♦43
43
683/4
'4%
Fdy
$7 2d preferred A:
$6 preferred—...—.
American Hawaiian SS Co.
¥100.
68 ¥2
Si
American Export
400
4
41
20
71 ¥2 Jan
$ per share
July-9
May 10
100
Car
Amer. St For'n Power———No
28,700'
1,600
1,100'
4%
57%
6¥4
*6%
6%
*6%
43 ¥2
i
...
683/4
4%
9
9
9¥a
41
68
58 ¥2
*57%
>:
58
9
9%
*33/4
*39 ¥1
3%
*39 ¥4
33/8 Jan
25
Distilling Co
w—20
Encaustic Tiling
1
.Amer European Sees
L—N.o par
|l,900
86
84 ¥2
*75
33
^>Z 4
3%
86
24%
v
77
85 ¥4
84
25%
32%
76
3%
86
25
84%
•
2
4
American
16,800
*9%
.
60
4
27% Jan
(Ame-
3,900
7 ¥4
25%
*32%
16
1,500
1,200
*9%
•
38
30 ¥4
26%
.
8 6 3/4
v.
76
vH;.
100 ¥2
.
5
,
—1
-American Crystal Sugar—..
6% 1st preferred——
1,600
Jan
1273/8 Jan
No par
100
-American Colortype Co
200
f
77/a
24 Va
.
100 ¥2
100
100
30 ¥4
.
93/4
:•
7%
:
15 ¥2
15 %
'
30 ¥2
"
15
11%
15 ¥2
11%:
*11%
15%
*11%
29%
11 ¥a
v*
4 ¥2 Jan
tAmerican Chicle_J.i:—j.___/No par
Am Coal Co of Allegh Co N J
25
'—
28
*21 ¥2
28
500 '•
111
111
t5%
.
47
__1
;
18
Year 1942
Lowest
$ per share
5
8% Jan
——100/173
...
Am Chain Si
,
Range for Previous
/*./:>
Highest
(V"
$ per share
.50
Corp.:
Preferred
30
115
*113%
111
110
28
23%
23%
115
23%
*113%
11%
100 ¥2
American
1,000
23%
tPreferred
4,500
79%
273/a
*9 ¥4
*85
43 ¥4
79
30%
30 ¥2
*3% /
43
783/4
15%
*100
101 ¥2
27
43 ¥4
11 Va
153/4
153/4
181
160
43
preferred
Bosch
■*.
Range Since January 1
Par
t>
Amer Cable & Radio Corp.
American'Can...
13,300
.•'• 2,100
78
113%
111¥2:
*110
28 ¥2
8 ¥4
90%
1803/4
7%
180 ¥2
'
'
'
—-10
—
Am Brake Shoe & Fdy
5¥» % conv preferred—
1,900
41 ¥2
90
90
180 ¥4
23 ¥2
23 ¥2
113%
111%
v
7%
73/4
6%
American
134
43%
•78
78 ¥2
115
111
*21 Va
30 ¥4
42 ¥2
700
*132 ¥2
'(
'
:
'
,
American Bank Note
210
8 ¥4
41
>.
134
893/4
181
*179 ¥2
433/4
23%
23 Va
.
*113%
113% 114
*110
/ 111
*100
>
78 S&
.
23%
*23 ¥2
1803/4
180
43
180%
57 ¥4
8 ¥a
:
403/4
403/4
90
89%
57 ¥4
;
8 3%
*132%
7%
7%
8¥a
18
'•.' J
■.
W
Lowest
'.
3,900
173/4
58
8 3/8
41 ¥4
135
'
Shares
'
*56%
8%
41
90
90
17%
*132
7%
'
•
.
90 ¥4
90
41
*132
July 9
STOCK
'EXCHANGE
the Week
t per share
share
NEW YORK
for
Sales
Friday
17%
17 ¥4
'58
'
*57
'Aft- 8%
135
40 ¥2
40%
*132
.
;/Zfl7%
58%
8 ¥2
$ per
$ per share
173/a
58 Va
8%
:;:•!'
July 8
July 7
58 Va
40%
Thursday
Wednesday
share
STOCKS': 1 •" •'
PRICES
SALE
!;■
July «
July 5
f
HIGH
AND
Tuesday
■v.-
Monday, July 12, 1943
143%
:
"
Jan
7% Nov
33 ¥a
>
Dec
116% Jan
May
'
:
7%
•
88
*7%
'((
8
71
>
7%
•
.
♦50¥2
29
>'71 ¥4
6
-
-
.
,
T;
5%
*50 ¥2
54
7%
73,i
*85
92
*84
88
V
118
-
*50
■«:/':
.
74%
73%
74 ¥4
1,900
5%
5%
5%
1,500
53 y*
*50 ¥2
53%
27%
27 V4
27%
1,000
1,000
Anchor Hock Glass Corp
27
/
*50
¥2
28%
28%
x28%
28%
283/4
22%
225/a
22%
22%
22 ¥2
118
Vv:
:/.Z
(
*115
12%
*12 ¥4
2%
46
>
*12 ¥4
118
118
*115
123/4
*12 ¥2
2%
.
2 ¥4
1
prior conv preferred
Mining
& Cable.,
5%
*2 ¥4
100
Andes
500
A
38%
68
(:(
9
:
>
91
*37 ¥2
104%
*27%
23.700
60 ¥4
Z:(
61
>
70
->
*66
39 ¥4
10
100
*8%
*96
;
14
'•
14¥a.
90
*90
91
*88 ¥2
893/4
89%
39%
*37%
10'43/4
58%
105
59 ¥a
84%
57%
>
*84
14 ¥a
14%
40
92
88
89 ¥4
39%
58%
853/a
84%
2,800
200
91
?
59
60%
58%
85
(
34%
*27%
'
57
333/4
33%
27%
29
*55
28
34%
33
273/4
*27%
29
56
*55
56
*55
34%
34
200
26%
25%
25%
25%
25%
25%
111%
112 ¥»
111%
111%
111.%
111%
111 ¥4
12%
12%
123/8
12%
12 ¥4
12%
12%
13
12%
56 ¥2
56 ¥1
56%
56%
563/a
56%
56%
56 ¥2 .56%
26
¥2
26
62
63
61%
62
121 ¥2
122
*121 ¥2
*11 ¥4
12
*11 ¥4
5
5
*55
%
*121%
11%
5
56
63
124
*11 ¥2
5
55
.
55%
*4%
55%
63 ¥4
124
Atlas
400
6%
>
780
63
63
123
123
1,100
4%
5
54
390
preferred
t5%
conv
Nichols
Austin
/
$5
5¥b
18
18 Va
.
•
5 ¥2
5%
5%
5%
5%
5%
5%
77,200
'
prior A
Aviation Corp of Del
18%
17%
17¥4
17%
17%
17%
18 ¥a
10,100
u.
Baldwin Loco Works v t «
8%
8%
¥2
8 ¥4
8%
8 ¥4
83/4
>17,200
12 ¥4
123/8
12 ¥a
12%
12 ¥2
*10%
103/4
5
.
,
b
18
/8
12%
12%
12%
12%
10%
10%
10%
103/4
51
51
52
22%
23%
23 ¥4
11 ¥4
*—No
—No
—No
(The)
8%
5
*42
No
preferred
/ Atlas Tack Corp
2,900
5%
55
54
Corp
I
52
*51
'
24%
24%
8
10%
53
*51
26 ¥2
11%
11 ¥4
11%
*10%
U ¥4
43
42
42
♦41
42
18 ¥4
18
18 ¥4
18 ¥2
18%
26%
11 ¥4
42
10%
•
•
13 ¥a
'
10 ¥2
52
52
27%
26 ¥a
11 ¥4
42
52
-
700
■>
'
21,400
ll7/8
42 ¥2
preferred
Bangor & Aroostook
Conv 5%
preferred
4%
t
40
27%"/
11 ¥2
•
>..v
107/8
900
,
450
-
43
Barber Asphalt
t
*18 Va
*26 Va
26%
26%
*31
31%
103 ¥4
*30%
108 ¥2
*11 ¥2
31
«•
103 ¥4
»-* O w
*30 ¥4
32
*108
108 ¥2
*11%
12
17%
18%
7
26%
26%
*30 ¥2
'
For
*55 ¥4
footnotes see page
56%
373/4
37%
16 Va
16 >/2
64%
167.
103 ¥2
32
*31
32
110
*108
*103 ¥4
112
32
*108
153/4
16%
:
32
16 ¥4
38%
16 ¥4
110
103 ¥4
*26%
16 Va
16
65 ¥»
32%
*11 ¥4
38 /
119 ¥2
27
*31%
16 ¥a
16 ¥2
16 ¥4
*26%
11 ¥2
38%
65
26%
313/4
103 V2
18%
16
38 ¥4
117%
18 ¥4
11%
*16 Va
38
18%
18
12
16
56 ¥4
18 ¥a
/;
16%
16 Va
38
■l&Va
31%
32
16 Va
*55 ¥4
18 ¥s
17%
;
*103 ¥4
31
103 ¥2
110
18
65 ¥t
119 ¥2
119%
12
*11 ¥2
37%
■
38 Va
37 ¥a
38
37 ¥a
*16%
16 ¥2
16%
16 ¥2
16 ¥2
*55 ¥2
37
16'
63%
*119
56 ¥4
37
16 ¥4
64%
119%.
*55%
*
39
6
36 ¥4
15%
63 3/4
119
16 Va
64%
119%
37
'
15%
64
*119 ¥2
700
>
27%
32%
:
200
/
103%
32
f
113
12'
16¥a
37%
17
-■■<
70
1
r
t$5
Cigars
Inc—;■
Creamery—
preferred w w
Creek
tBeech
RR.
/
Baech-Nut
>
...?
-
1,600
—
Bell
16%
Best
6,700
¥ Best
6,600
»
?
24%
101 ¥2
25%
93
9 ¥4
1234¥4
13%
^^-50
;
500
Packing Co—
Aircraft
<b
Co..
Foods
Bethlehem Steel
1%
—
1—-
(Del)—No par
preferred—
100
7
Jan, 16
Jun 25
Jan 25
Jan 25
Jan
4
Jan
2
Jan < 4
Mar .17
54% Feb 23
No par
-
r 2
3% Jan i 2
6 / Jan ; 2
5 ¥4 Jan ; 2
34¥4Jan 6
12
Feb r 9
5.% Jan 13
30
Jan 4
12 ¥s Jan v 2
13% Jan 7
23¥aJan
■
700
64%
r
Belding-Hemingway
11,100
■
>
.
20
No par
Corp.———1
Bendix/ Aviation..._————5
i Beneficial Indus Loan——No par
Pr pfd $2.50 div series.*38_No par r
r
100
2,200
v
•
No par.
,-50 5
1
—No par
1-25
—No par
_
200
/
'37%
1197/s
Bayuk
Beatrice
10
-.•
'
Co
; Bath Iron Works Corp
,
400
c::
-
100 '
;_10
Corp..
preferred
5%%
10% Jan
>
,
22% Jan
8 ¥2 Jan
55% Jan
7
5
7
,110 ¥4 Jan
4
4
Apr
3%
Dec
74 ¥2 July
8
61%
Dee
7 ¥4 Apr
7
3 Va
Apr
38%
54% Mar 30
Nov
70% Feb
Aug
26
5%
Jan
76% Jan
:
5% Jan
,
Jun
50
Jan
31% Apr
8
22% May
28%
Jan
29% Apr
7
24
Dec
30
Jan
22% July
8
12% Mar
17
Jan
107
Mar 18
116
14% Apr
27
45 ¥4
July
1
102
112 Va Mar 12
6
7
July
63 ¥2 May
92
Feb
Jan
33% Dec
Nov
4%
79
9
Jan
8 ¥4
2% Apr
May
4% Apr
61 Va Mar
5
28
July
Jan
66
5% Mar
Mar 27
90
4 Va
67 ¥a
Oct
21
5
10 ¥4 Jun
15 ¥2 Jun
111% Mar
Sep
Sep
40 Va
10% Jun 26
101
Dec
42
7
May 19
40% Jun
Oct
1% July
36
Apr
Sep
2%
2
74
12 ¥4
Mar
27%
6
110Jg July
112 ¥2 Mar
May
7% May
7
3 ¥a Feb
82
Oct
July
6%
77 Va
Jan
Jan
'i 83
Jun
29
53
Jun
37 Va Jun
11
20
Jan
105 ¥4 Jun
12
81%
Jan
9
27 Va
Jan
23
60%
Jun
72%
Oct
19% Jun
34%
Oct
34
Jan
60 ¥4
July
86% Jun
38
May 26
6
16
May 27
60
¥a
33
31% Apr
•
Jan
28%
'
Dec
100% Deo
53
Jun
Mar
14%
Oct
45% Jan
Apr
23 ¥2
15
-99% July
109 ¥4
13% May 29
6% Sep
7
Jan
46% Apr
51
Dec
70
"( Jan
28% May 27
Jun
113
.
100
50
■
Barker Brothers
Barnsdall. Oil
4,600
;■
/
183/a
*55 ¥2 > 56%
56 ¥4
36 ¥4
'18¥a
13
100
;
'
18
8
Illllli/il/il
Baltimore Si Ohio..
2,800
•
Jan
44
Jan 4
18% Jan 7
106 .Mar 16
6% Jan 4
50¥2 Jan 14
par
52
Jan
9
100
113
Jan 12
pari^Zi 7 ¥2 Jan
7
par
2% Jan 21
par ■
28¥2Jan, 5
3
>
3¥»Jan ' 2
100
25
100
—6
50
tAtlas Powder.—
50
12
11 ¥2
11 ¥2
*4%
X54
9,900
63
11 ¥2
5
56 ¥4
12%
124
63
>121%
11%'
25%
112
19
—1
5%
preferred
4,200
Atlantic" Refining
250..... t4%, cony pref series A„
55
55
Atl G & W I SS Lines.
100
29
*27 ¥2
Feb 27
Jan
4
Jan 11
Jan 7
Jan 5
100
Jan 4
44% Jan 7
66
Jan 2
26% Jan 13
.100
preferred^. — —.100
Atlantio Coast Line RR
—100
4,900
7
Jan
2
Jan 2
49
Jan 20
30
Jan
2
6% Jan 9
4% Jan
7
3
46
92
6 ¥4
72¥2
59
29
5%
,
'
33%
prior preferred
Atch Topeka & Santa Fe.
700
>•
5
11
2
.
preferred——L——..100
5%
22,800
:
86
112 ¥4
*56
120
•
104-
104
85
■
80
39 Va
*37 ¥2
,
105
105
58%:
14%
91
34
Jan
108% Jan
,
——
10
»
89%
*37 ¥2
105
>14%
14 ¥4
*90%
89 ¥a
200
9%
100
par
—5
of Illinois
Co
4
110% July
.No
gtd_.100
pf 7¥*
(called)—..:
preferred...
t7Vo
>100
*8%
&
$6 conv
.
1,100
10
(Del)
Co
:' IV* Jan
No par
100
Armstrong Cork Co
No par
/Arnold Constable Corp
....—5
Artloom Corp
No par
7% preferred
100
Associated Dry Goods.
1
t6% 1st preferred
—_ 100
t7¥c 2d preferred—,
...100
.Assoc Investment Co.———No par
4,000
38
100
100
.Armour
il.OOO
*93/k
Midl'd..
Daniels
preferred
.77c
.
Jan
16¥aJan 5
111¥2 Jan 20
10¥aJan 13
No par
20
:5
Paper Co Inc
Armour &
1.000
70
*111%
*26%
5
2
24
12.50
Mining
Copper
W
Archer
300
;
38
9%
9%
P
:
■•-•61 ¥8
60
S3«
*96
,
*67
38>/2
9%
93/b
*44
.
70
38
100
■-
61 ¥4
61
*67
39 ¥4
♦9%
.84%
85
56
56
5 '/ft
1043/4
.
58 ¥2
34 ¥4
34
5%
%
*37%
39 ¥e
58%
5%
5
14
V:
90
*84 ¥2
5%
5%
89%
;
*88 ¥2
104
1,200
90
14 ¥»
14 ¥b
110}|
-9 ¥4
¥4
*96
100
1103/4
9%
*9%
9%
*9
allO%
11034
45
39%
39
10
110%
62
68
39 ¥4
*9%
44%
110%
110%
~6
613/4
-
70
*43%
110 ¥2
110%
45
110 ¥2
~5%
61%
*96
8% Apr
42% Jan 11
24% Jan
2
25
.50
No par
$5 div preferred
.
12%
*12 ¥2
2 ¥4'
*110 ¥4
*2%
45 ¥4
,110%
:
6
61%
2
1%
4
88 ¥2 July
7
3% Jan
55% Jan:
4
Jan
——,—.—100
Anaconda Copper
118
*115
12%
2%
44%
IIO3/4
2%
45
,•<
¥ 111¥2
*66
5
53% Jan
■
par
Amer ^inc Lead & Smelt
S5
22%
....
Preferred
■
18,100
29
110%
O
No
Anaconda W
53 ¥2
223/4
*115
v': <
2%
*45 ¥»
,
3% Jan
par
No par
5%
27%
-
27 ¥2
Woolen
73 ¥4
-71 ¥4
:
29 ¥2
29
*22%
12 ¥2
*2%
91
No
Elec
&
preferred.—
1st
American
7,300
8%
.
12%
*110
Wks
Water
$6
400
1
8 ¥4"
8
7%
73/4
5% /■•
28%
27%
29%r
22%' %
*22%
*115
8
7%
8
'87 ¥4
7%
71 Va
,71
viV,
6%
28 ¥a
-
!
7%
87 ¥4
7%
77/a
•
54
277/e
88 ¥2
'
71
.
*6¥e
!
8%
88 ¥2
8¥s
87 ¥a
56% July
9
:
15
43
24
111
May
13 ¥« Jun >4
7
>
Z Apr
65 ¥4 Feb
Jun
123
May
>
116
9
Jan
Feb
Jan
Va
Jan
3 V*
Dec
28
1V4
Apr
58% Jun
22
15 Va
Apr
6% Apr
8
2%
Jun
'':•':• "i, 4 ¥a
Jan
19%-May 27
9%
Jun
14%
Jan
7
2%
Jun
4%
Jan
6
4%
Jun
7%
Jan
5 ¥4 May
10
Apr
14%'Apr
29
May 26.
12 ¥2 Apr
57
•1
31
6
8
12 ¥4 Jun
5
4 Va
Jun
29
43
18% July
..
1
20% Mar 22
x29
.
May 27
24% Aug
8% Jan
15
9
Dec
Jan
Va Apr,
X23 ¥4
NOV
Apr
/; Mar
'July
9
July
7
64
11% July
1
32
.
17 ¥4 Jun
56 ¥2 Jun
38
July
17
Jun
egVa'Apr
July
119 ¥2
.
Jun
Apr
26
Oct
105
Oct
30
Feb
110%
Jan
6% May
9 Va
Dec
9% May
17%
Nov
6
5
28 ¥* May
39%
Jan
15 ¥4
Nov
5
46% Mar
3
17%
28
8Ve
20 ¥2 Mar 16
39% Apr
Dec
12%
23 Va
110
33 ¥a
18 ¥a
20
103
•
Dec
Nov
Jun
12 ¥a
114 7 Mar 16
32% July
Apr
Dec
6 ¥4
6 Va Mar
27% July
Jan
13%
4 Jan
Va
36
4Apr
22
Dec
6
6
9% May
54
Sep
Apr
24 ¥4
Jan
Dec
>8%
Dec
66%
Jan
49% May
105
July
121
Jan
/
Volume
THE COMMERCIAL & FINANCIAL CHRONICLE
158 ;: Number 4193
NEW YORK STOCK
AND HIGH
LOW
Saturday
$ per share
*36
$ per
$ per
share
36 J/2
35
$ per share
36
34%
S per
77/
35
t
35
19%
19%
19 J/4
19 J/4
19 J/4
19'%
10'/2
10%
101/4
10%
10%
10 J/2
19
18%
18%
18J/8
181/2
16%
*16 J/8
16%
*16 J%
16%
*
97
*95
98
*95
98
*95
19
*18%
17
16 %
*95
18 J/2',)
16%.
*94
98
18%
18%
18%
18%
18%
18%
52%
52%
52%
53
53
53
94
*92
94
94.
94
53
50%
50%
28
27%
28»/e
27%
27%
*28%
28%
28
28 J/4
28
28 J/4
35%
38%
38%
38%
37%
38%
4%
4%
*4%
'4%
*4%
4%
4%
36
36
36
11
11
29%
30'
10%
29%
*50
51
27%
273/4
28 J/b
38
38
30%
?; io%
29%
29%
36
17
*42
30
30
29 3/8
293/4.
*42%
43'/a
*43
44
1
*42
19%
7
9%
9%
9'/a
1137/a
113%
113%
114
8>/4
7%
8%
7%
7%
106
108
9%
9:
9%
*18%
18%
.22%
nw
900
17 V*
3,200
Brooklyn Union Gas
4,500
Bruns-Balke-Collender
4,000
Bucyrue-Erie
43
.
9%
31
>■
105v
1053/4
118 V21
8
73/4
105 »/2
'9%
9'%
9%
9%
9%
18'A
18%
18%
18%
22 J/4
22%
22%'
22
22 V«
32 J/4
32 »/4
32
32%
32%
33v
31%
106'/a
14% |
V;
,
9%
-
/
62
10
*25%
4%
18%
80
•23
:
23 >/4
.
29
14%
14%
14 W
4,600'
30%
♦56
y
4%
22%
•
2,100'
7%
2,000
18
18%
17%
18%
2,800
21%
21%
21%
21%
33%
33%
9%
10%
95%
.
;
39%
*104
*.:■
*116 J/2
119% 119%
*140% 143%
51
51%
39 '/a
38%
v
104'A
391/2
21%
117%
14%
14%
93
21%
21%
3 J/8
3 '/a
106 %
3'/a
10T
14 %
14%
21%
21% '
*6%
6%
•'6%
38%
39
381/a V
'6%
6% r
56%
6%
56% J
54%
«
39J/2
5
117J/2
1171/2
117%
14%
13%
96
92 Va
21%
21
104% f'105
117
93
6%
21%
■v:v3;v; W3 -V/
107
107
*17%
*21%
<
18%
;
21%
' *»•*
'
6%
39
39
6%
v
.
55%
23
23
457/a
46
*102'/a
107
/.■'*7|%.
14'/a
5%
191/2
•13
*17%
6%
Vj'-6%
,
*106
•21%
22
*105%
23%
23%
23%
46%
45%
46
*1021/2
7%
107
♦103
23
.45 Va
107
*105
7%
♦7%
71/2
14
14%
13%
13%
13%
5%
19%
:5%
•5%
5%
5%
19%
19%
I91/2
19%
12%
12%
12%
12%
712%
19%
19%
19Va
19%
19%.
*40V4
40%
52%
52%
13%
17%
13%
*16%
17%
*161/2
2%
2%
2Va
I 2 Va
r
14'/a v
5% v;'
19% )
-L
—
19%
19%
40%
40% "•'•
*52%
53%
*14
15
.
\
'n-i'
■'
'
:
t
J
■:
i
•
J
•
40%
18 T
.
Nov
43
Jan
No
a f
6%
,110 ;
.. 39%
45
60O
.
5%
7
.
'
191/2
17%
*16%
'
2%
2%
Jan
Apr
3 Va
Dec
Jun
85'/a
Deo
Sep
11% Sep
7%
Oct
5
16 J/4
May
Apr
5
19 Vi
31 J/2 Jun
7
'
/ 108%
1
5%
Jun
26%
Nov
20%
Dec
6'A Jan
~9%
7
15% Jun
7
6% May
•
2 Va
May
42% May
10
Jun
'
1,370
.
1"
300
r
24Va
)
30
:
6%
Jan
24 J/4
Oct
4%
Sep
6V4
Feb
19%
Feb
2%
Apr
6'/a Mar
Jan
Deo
7
30
Jun
30
16%
Jan
32%
Deo
56
Mar 27
50%
Apr.
63%
Not
% Jan
2
4
7
1 »/a Mar
9 'A
11%
7
Mar 31
3%
28
6
Deo
33
Jan
40% Jun
54%
16% Jan 12
J * 1% Jan
2
97% Jan
3
Apr
>78
117
Jan
130
6
30
Apr
Jan
25
15
Apr
29%
Apr
Apr
07%
Deo
120%
Jan
6
77
Apr
5
7
6%
06
2
2.
23% Jun
7,.
Cab
5
Mfg.
4
East 111 RR
&
Apr
1% May;
Mar
1%
11
No
:
65'A Apr
1
19% Apr
6
24
108'.
5
8 'A Jan
13
33% Jan
2
"
,
>/'
Chicago Great. West RR Co
5% preferred—
!
—.50
2,200
Chicago Pneumat Tool—
407/a
3,400
270
14%
10O
17
100
Chickasha
7
21/2
$3
preferred
($2.50) cum div
conv
tPr pf
Cotton
Oil
No
i
37
&
Childs
6,500
Chrysler
1,600
City Ice St Fuel
3% not
104
Deo
Ool
3%
Not
32%
Deo
19
Sep
14%
Jun
Apr
Jan
18%
Oct
100% Not
89
9%
Ool
Apr.
36%
Jan
Apr
87%
Apr;
98
Feb
%
Apr
2%
Deo
8%
Jun
8%
Not
1%
Jun
2%
2
8%
Jun
13%
Sep
3
4%
Jan
.7%
Not
22
17%
Jan
18
13% Jan
5
May
1
33
Apr
May 27
47
July
15% Apr
181
Jun
4
1% Jan
Apr
41
54
Jan
48'/a Jan - 6
ll'/aJan 12
10
4
6
71/4 May 12
15% Jan
par
No par
,__No par
Oct
Jan
21% Jun
Jan
No par
2,100
Co
6
Jan
18
13% May
10% Jan
No par
Chicago Yellow Cab
m
'2'/a Jan
• :
July
July 9
9'A May 11
171/a May 13,
'
50
Jan
2% Not
35
Apr"
03
5%
105
I 7% Jan
i—,B
Jan
15%
May 22
46 '/a
2% Jan
—.40
•
83% Jan
July 8.
May 17
26 J/4
95'/a Jan
par
23%
3%
July.
1%
Deo
v
17 Va Jan 12
8
Chicago Mail Order Co—.
531/2
2%
8
'"i
Jan
82
8
Deo
110
Jun<
2V4 Apr
4
Deo
8%
87
Apr
7% Jun
5
1,500
t
41
2
18
Jan
99% Jan
2,600
;> 19%
113% May 10
14
100
Class' A
3,400'
;
Mar 19
Jan
32 Va Jan
4—25
Co
*
5,900
7% May 13
100
Preferred series A
Chic
7
07 '/a
Feb
00
Deo
75%
Aug
16
>3% Mar 12.
Jan
>
Deo
Deo
82
107% Mar 15
518% Jun
12
Jan
42%
110
3
1j- >
19%
-17 >
•
'
i
531/2
■•••
98
,
Deo
9
May 24
x33
1
13 Va'
•14
17%'
4
Chesapeake &.Ohio Ry—
200.
6,500
■<
100
3% Not
23
'
4
Jan
13'
No par
Jan
28% not
23% Jun
2
3
Deo
89
;
14% Apr
93
July
2
r
38%
125% July
117% July
106
1
VA Jan
;
Apr
Apr
82% July
2'A May
May 10
Jun
Feb
4% Not
77
51% July
4
96'/a Feb
No par
37%
1% Feb
32
%
Aug
7% Not
•//■Pi/'
95 J/2 Jan 26
,v
15
Deo
Apr
8
31% May 29
;
5% Apr
6
8
76% Jan
.4.100
Apr
89% May
X96 J
8:
40% Jan 21
v: 26% Jan ( 7.
Co:
Not
4
Jun
123
<
Not
16%
9 Va
juh
4
46
Jan
7%
Jan.
27 %
7
9% Apr
46
i'
l'A
Jan
11% May
/141
.
Jun
5%
7
11
.119
Jun
7
127 V2 Jail 21
.
%
Apr
38
7
:
1
23% May
f
2
3 Va Jan
77 J/a Jan
_
19 % Apr
9
Jan
No par
ȣ>
f
21% July
3% Jan
Nov
100
preferred
Checker
1,600.'
11,100.
;
'
'•
•
Nov
Sep
17
x85
prior preferred—.—,—^.^100
*
44
40
95
y
Chain Belt Co«i,——No par
Cham Pap Si Fib Co—i
No par
1,300
.
14%r 7
6Ve
5Vb
8 %
,
Feb
10%
25
4
Oct
3
18
c
19
26% July
5 % Apr
%
Jan
'
75
.r
Oct
May
V 14% May
Deo
Jan
—_i
25
Jan
41/2 Jan
Co——
——1
4'/a % preferred__100
Preferred
15% Mar
.
10
40
Foundry
40V2
-
15
2%
Jan
35
36% Jan 21;
100
Certain^teed
'
19%
40%
13 Va
Oct
8%
112 %
6
29 J/4 Apr
29'/a Jan 23
4,100
Cerro de Pascd Copper.!
Products
I
2,200
7%
13
19%
53'%
T4%:
:>
.
45%
19%
*
13
40%
14%
Deo
X103V4 Mar
18'/a Mar 31
/
13% Jan 13
.
Ceritury Rlbboh Mills—
Jan
25% May 20
'6% Jan
>
—100
tCent RR of New Jersey.
35
2 J/4
9
No par
Lt
Nov
47%
Jan
15 V2 Jan
—100
Central: Violeta Sugar
'
105
7%
'jW>;i4«7
'
*52%
Central
Central'111
Jan
10%
:
69 Va
1
—
9
Jan
1%
28J/4 July.
9% Apr
6
18'% July
83'/aApr
6% Feb
—
Corp
July
8
;
,
—I
preferred
14
Mar 25
22J/2 Jan
f
—
Jun
'/i
52% Jun 24
par
—1
1,400
S 25%
105
7%
40%
*13%
•>
25%
W-
45%
53%
*53
5
Co.iy—i——25% Jan
Co
Apr
Jan
..—10
Central Agulrre Assoc
3,000
*105% ao7
1071
14
(J I)
7
10 J/2 Apr
2
' 9 Va Jan
50
!
5
9% May 10
116% May 10
2
2% Jan
No par
1
2,000
«
-
*24
24%
v
2
.f.t 72
"M 16
Zinc-Lead,,
Preferred
5%
190
20%"
*17% :. is
'.
'
107
7%
/v
6
20% Jan
100
Packing
preferred-i
Celotex
2,500;
.
53%f/;54J/8l
-
"
•*2"
35>/a
Apr,
20
6
i-—:5
7 % prior preferred—
7% 2d preferred
.
'
54%
24
Jan
:5J/4 Jan
Celanese4 Corp of Amer,—u.No par
5
series prior preferred
100
60t"
2,600
.
'-6%
6%
V *17%'
*105% 107*
45%
7%
Jan
Apr
1
114
4
21,/a Jan
%v-'
Caterpillar Tractor
No par
70
391/*
391/2
54
18%
*21%
*22'/a
.
13%
*16 '/a
18
1041/a
Nov
Nov
A Apr
'
110/
6%
41
No par //
Case
160
■
21
.,
2% Jan
■
30
i
General Corp
1,500
'
*
•; 3%T*1
'107
20%
"
21%
1041/a
preferred
Copper & Zinc..^
t5%
;;
—100
Carriers
2,900
;
•>>'i15-%lfl5%-A,t
*
*39J/4
6%
53%
21
*6%
*106
17%
„
Sep
9%
21%
N '
H
-•
Steel
2,700
20%
•'
—1
210
107
15 Va >15%
21%
'
-
104
Jun
Jan,
25
10% May
>
24% Jan
6.
20 J/2 Jan
2
105'/a Apr 20
9%Jari 4
par
•
a
104
0" •'
Carpenter
117 J/2
"^31/s
»
-
-
20%
110
55i/a
20 »/4
1
42
v
6% Jan '4.
,
preferredi._100
,—-.10
S3 preferred A_1
•
92%
^
%
tCarolina Clinch St Ohio Ry—-.100
13%, V*T41
' 92%
-
•14 C"
14%
*106
6%
''
500
( I
•
125%/125%(
,
pat
900"
1
39%^39.1^.
104I/2?
1231/a
2
180
'
39
Nov
2
18% Jun
8
Capital Admin class A
'
104J/2
21%
.
Oct
31%
1% Mar
"
51 '/a(
50%'
'
1251/z
14 V2
6%
110
51%
39'
>
117vi 118
104 %
21%
*106
50%
Jan
76% Jan
500
'
.
*140 %- 142%
•
125 %'
21
14%
Dec
3'/a
Mar
•
50"
'
118%
142%
*3%
3%.
♦106% 1071/2
3J/4
14%
*117
*140%
/
43% Feb
4
13
Cannon Mills..—^-No
100
30
>:*4%1
39
.
S& 14 i
*92 Va
107
21 r
<
110
*106
117'
14%
93
21%
4%v
51%:
104i/4
*125%
116%
30
'
39
104'/4
125%
///j
106'/a
!
104 %
97
14%
*93
5l
,125%
»
125% :/
117
30 'A
118'/a
Jan
par
Canadian Pacific By————*,.,25
500
f
9
*44% <>44%f //J'
;95 v- 95.
95'/a
••
118%
•
46
*8V2
*1401/4 143%"
51%
7
"
4%
143%
♦124%
>r45%f
8'/4
43J/2
95J/2
121.
50%
44V»
30J/4
*140%
380.
•
.
7%
15 J/4
44'/a May 21
12
13
—1 "
Calumet & Hecla Cons Cop—,i_.5 .V
Campbell W & C Fdy___
No par
Canada Dry Ginger Ale
«.—5
tCanada Southern Ry Co!
100
17,100
8'/4
95%
>
3,300;
10
43%
8
104J/a Jan
i—/
-
conv
Callahan
5,000
35
44 J/4
*119%
40.
1%
9%
8%
44%
*30%
31
V:- 5*4% ' * 5
5%
California
1,700
54
•34
*43%/45
*8 %
29%
7%
7
/ r 6% Jan
L.100
.
Participating preferred!
Byron Jackson Co
V-17%M8%
/
*21%
22
*33
34%
28%
16
5
No par
,•
Byers Co (A M)_i
.7%
*41
,y\;
,
Butte
7%
1
«
800
1
80..
22%
Jan
37 J/2 Jan
1
180
17%
:
33
,
par
No
500/
17%
80
;
>:
2
>—
Bldg 7 %
/
7%
9%
30'/a Jun
27
preferred
1,500
26%
*26%
1%
9%
4
4
100
-
Bush Term
♦52%
.
Jan
Jan
No
——
Butler Bros
1%
,
xl5
y
^
Forge Co
1,100
29%
53
7%
28%
May
25
20% Jan
Terminal—__———l
?C 6%
1
1%
.
/
Jan
Mar
July
30% July
12 J/2 Apr
7
1
—
Bush
62
10
29%
\
37
Jan
No
Burlington Mills Corp
5% preferred
—i
Burroughs Add Mach
38
9%
*52%
1%
•/
18% Mar
19%
3
.1% Jun
20
No par v./:///9% Jan
No par
293/4 Jan
Mfg
1
900
53
1%
16
par
14%
1
29
*52 J/2
Dec
28 % Jan
1,200
5%
23'A
22%
6% Apr
2,700
14%
*36 J/8
23 j/4
30
38% July
9
31%
5%
18%
28'A Jun
2
13
5
14%
79%
Jan
4
300/
10
79%
Jan
14J/4 Jan
107%*
62
.18
Feb
Dec
17 V4
19% Jan
*106%
38
4>/e
*17%
*79%
95 ',4
40%
.-1
'
*4
May
Apr
par
31J/4
26%
72
95
13 '/a May
No
107%
*9%
26%
Mar 20
43
30%
Bulova ,Watch__L.,i...-No
31 %
*36%
26%
May
25
Bullard Co
1
i
106%
*56
10
Jan
25
25
1,800;
22
'
*56
Dec
6
50% Jun
—luu
Wheel
Buffalo
x
*37%X 38
Jan
21'/a
28 J/4 Jun
33%.
22
*32%
31 J/4
5%
12
75
May
26% Jan
par
preferred—:
Budd
107 J%
14%
■J, 5%
5%
Apr
July
13 Va
A Jan 13
Co..
(E G)
t7%
3,000/
1,100.
18%
•
•5%
8
58
2
Jan
:
preierred
Budd
8,300.
620i
i
♦106%
31
;Co
Shoe Co..,—_
7 %
1053/4.
18%
31
Jan
56'% May
'
•
9%
■
;
Brown
9%
*114-/8
-
,>8>;7
18%
I- 106
*106%. 107
14%
14%
HJ/4
8
Brooklyn & Queens Tr._i_.-No par
Bklyn-Manh Transit
No par
t.
43
£; 9'/a
:■
Bristol-Myers
20
22%
32
31
*40%
19'/a
-
193/4
114
7%
106
105%
:
.
18%
22%
32
107
9
22'A Jan
No par
—5
800
9
113%
1
Jan
3
Dec
•*.
91J/2 Jan 12
pur
No
Briggs Si Stratton
1V
l'/e
*40%
19%
9%
100.
43 %<
17 J/4
42%
19%
113%
,
No
14'/a
21
/ :2va Jan
15
i
Jan
Jun
Feb
5
_
7%
Jun
5
Co
19%
Sep
5
17
15
Roller Bearing
Apr
July
100
Corp..
*Va
1%
9%
*107
(The).
Bridgeport Brass Co..
Briggs Manufacturing
3,100.
'43 J/2'
*431/8
Va
17:
*113 »/a
8
Co
14%
38 J/2 Jan
1
43 J/2
%
16%
42'/a
par
Inc
/
c
6
17
'
i9<r
19%
No
Stores
Borden
2,faOO
42 J/2
19
£ 18%' '18%'
par
11 J/4 Jun
97
.J
—No
Class B_.
200
10'/a
43%
*42
,
A
Brewing Corp. of America
30%
*%
17%
class
Bower
10 J/2
42 J%
16%
Co
800;
.
303/4
*42%
1
Ami
Boston & Maine RR
10%
%
.■
Bon
Borg-Warner
303/4
43%
1
i
._5
Brass..
29
19
13
&
•«;
3,800;
:
10 J/2
%
1
41 Va Jan
Aluminum
*
Apr
21% Mar 30
2
•<.
$ per shara
18%
19
9
Bond
*30%
■)
5
1942
Highest
$ per share
5
19% Mar
:.K
9'/a Jan 26
;
—5
400
37
;
Jan
Airplane Go_s!i,i.
1,100,
4,000
43/4
36'A
43%
43
273/4,
43/4
1
14% Jan
20
38%'
,
43/4
3% Jan
par
2
/ 38% May
4
76
Bohn
20 <
28%
37%
No
Jan
6'/a Jan
par
Boeing
700
7 51) >•
*50
16
:—No
Year
Lowest
$ per share
8
No par
Co.
Co..
27a/a Jan
Blumenthal & Co preferred—..100
/
27%/
28%-
36
10%
92
$ per share
No par
Laughlin Inc
Bloomingdale Brothers.
3,200;
-
28
,
37
*29 '/a
30
"43
51
*36
30%
11%
*29%
30%
*50
92
Par
Bliss &
40,
V
*27%
*29%
^
•
Range Since January 1
Highest
Lowest
7
'V/
Black & Decker Mfg
Blaw-Knox
-
*50
*35
":
18%;
53
*92
s
Bigelow-Sanf Carp Inc
v
18
53
95
■
800
18%
7
'
Range for Previous
/
,:! ■
/
1,800.
18 J/2
16 J/8
■
STOCK
EXCHANGE
6,200
■„
54
18%
*52
NEW YORK
600.
19%
10%
10%
98
Shares
share
*34 J/2
for
the Week
July 9
/
10%
.19%
18%
*95
share
per
Sales
Friday
July 8
19 J/4
10%
*16
$
share
*36
36%
*19
STOCKS
Thursday
July7
July 6
RECORD
PRICES
Wednesday
Tuesday
Monday
July 5
July 3
SALE
2
3% May
8%
30
10
,
Aug
Jan
11% Jun
1
Deo
20
4
39%
;•
May
Jan
Jan
52
Jan
11%
Not
13%
Feb
2'A
Feb
'
*27
30
*28
30
*28
30
28
;
28
!
29
*28
"
84 Vt
84%
14%
14%
*1021/4
*47'/a
8
*38'/a
*130
*66
*113%
37'/a
*106
X' .v-';
-
:'L /.
84%
14%
■
—a.
r
102%
14%
•
83%
84%
83%
84%
14%
;
14%
14'/a
14%
i'i
'
8
'
"i
.
— —
.
j
W.MT
'
102%
102%
*1021/2
48%
*47%
,48%
471/a
8
mm
39%
102%
*47%
i
8%
391/e
.
:
*132
.
76
'4'
37 Va
110
<•
■
:
"*■
371/2
•
.
t*ia
113%
*
——
—
v
mm*.'-4" ■>
7%
■// 7
39%
39%
39
140
*66'/a
114
7%
39%
*106
80
1141/a
37%
110
*125
140
*66%
*113%
/f • *36
*106
*125
80
*66%
114%
36%
*91%
92
91%
60
*52%
60
*56%
42%
43
42%
43
42%
42%
371/2
37%
37%
37%
*1451/4
37%
146J/2
108 '/a
108'/a
64
*1451/4
108
r
;
*820
■f
21'/a
*107J/2
,
*26J/a
110
18%
J/2
64
*820
21%
21%
108
*107%
26%
26'/a
110
*110
18%
*11'/a
11
*22'/a
—
21%
108
26J/4
114
18%
ll'/a
11%
11
*22%
22%
For footnotes
64
*101,4
22%
*22'/a
109'A
11%
11%
*10
147
II J/4
12
*11%
37%
18%
*
-
v
*102 Va
47Vs
47Va
7%
104
*125
r*
80
.
:V *114
108
*
v.-
-
*36V4
*106
v777,ii'7
■
t
O.
500'"
'7:77'.
i
C.
C.
5%
—l>
70%
9
Jan
10% Aug
96% Jan
4
103'A Apr
92
May
99
Oct
34
Apr
3
Jun
& St.
Louis Ry.
preferred
10
13
Jan
13
27'
>.
33
par
Co
Feb
2% Jan
100
No
100
123
22%
22 J/2
see
page
167.
221/a
*91%
92
60
*52%
60
>
42%
v
♦145%' 147
*52%
146%
146%
110
110
64
*107%
107 '/a
108
26%
27
26%
♦110'/a
115
•llO'/a
181/4
18'A
*10%
11 'A
10%
11'A
*10
221/a
22%
,
/
*820
22
10%
221/a
22%
18J/4
I
50
4
*
38'A-
3,200'
II46'/a
1461/a
110
•r
63
631/a
"Molybdenum
Cluett Peabody & Co
Coca-Cola
340
99
107%
*107%
26%
108
Jun
Jan
18
120
Deo
7
67% Apr
107'A Jun
114% July
8
381/4 Jun 30
1
22
May
05% May
26
77% May
50'A Feb
lfl
47
106'A July
7
26%
110 Va
18
181/8
11%;
760
11%
ll'/4
550;
22'/a
11
5%
800
11
221/a
?,
No
par
No
par
i.
22%
(The)
;
221/av
1,100,
preferred:
conv
142
I
88
Deo
Aug
39% Not
125
Deo
72
Mar
1121/4
Not
31%
Deo
102
Deo
84
% Mar
...
23
"
Colorado
'■'•
4%
par
No par
Corp
& Southern..
1st preferred
2d preferred
Colurob Br'd 8ys Inc
Class B
1
v
100
,2.50
,
25%
150
Jan
Jan
2'A Jan
3
.
Mar 31
May 13
3'A Jan
2.50
32 y4
39
14'A Jan
100
48 'A Mar 30
12
17'A Jan
108
100
No par
'
2
Jan
15% Jan
15'A Jan
;.
139
May
-60
Jan
Apr
44
Jan
Apr
36%
Jan
Jan
149
Not
Jun
7
56% Mar
92
Not
65% Mar
5
55 'A
63'%
Jan
112
4
103% Jan 12
i':
100
cl A
6
;
62'A Jan 11
j._
16 V* Jan' 11
t
i^.-No par
preferred
Colo Fuel & Iron
4%
1,300
3-3 %
..100
Co
Collins Si Aikman
40'
*10%
22 J/a
Jan
No par
t$4.25
2,100
11
,
No par
No
30
-11
22%
Feb
38 % Jan
Colgate-Palmolive-Peet—'
4,900'
<
26%
18%"
Jan
50
Coca-Cola Intern Corp_4
221/4
110 %
114
84
50
par
i.
tClass A
*820
.221/4
50 /
No
Preferred
1,400
11
22'/a
Climax
30
now
*10Va..ll
221/a
Mar
28
91% Jun
22
>
2%
7
39'A July
130
2
Jan
Jan
32
25
74% Jun
Mar 17
Feb
•
3,000
11
.
tClev & Pitts RR Co 7% gtd
Special gtd 4% stock,
:.i'
42%
110/.
64
21%
t
60
377/a
63%
21%
i
42%
371/4 V 38
64
92
*91%
%
42%
109'A
*820
8'A Jun
67
101'A Jan
43%
July
52"Jun
•
109%
f 28%
—100
=
'
911/4
$
Jan
Jan
15 '/a Apr
__5
Equipment
25
85
2
10'A
100
Stores
32% Apr
7
Jan
par
5% preerred
100
Clev El Ilium $4.50 pfd
No par
Clev Graph Bronze Co (The)——1
170
37%'
.108
No
City Investing Co
24% Jan 30
>67% Jan
5
i
:
1
Clark
80
"
23
Corp.
preferred
City
300
.II41/2
Copper Co
6'A%
1,700
39
140
*66'%
114%
50.
80
:
7%
*38 Va
140
7
;
47 Ve.
*7%
39
Chile
83%
14%'
;
92
*63'/a
104
83 V
>r: 141/2
36% 9 367/a
*106
*52%
-//.
1141/a
no
*91'/a
'¥
.
102%
49
140
84%
8
470
22%
May" 18
27% Jun
' Apr
97 %
12 'A May
Apr
28
10% May
13
06
%
Apr.
1
470
Jan
Feb
17%
Not
107%
Deo
18%
108
18%
VA
Oct
Deo
Jan
Sep
5%
Sep
5
Sep
May
% July
8% Apr
12
2
24% May
5
x24'A May 20
May
13% May
18% Apr
6
14% Mar 15
12 'A Apr
Feb
lli/a Mar
108 Va Mar 31
111
Jan
-
1VA
Deo
8%
16%
Deo
Apr
>!
THE COMMERCIAL & FINANCIAL CHRONICLE
160
NEW YORK STOCK
LOW
July 6
July 5
July 3
$ per
I per share
share
,
"
$ per
43/4
703/4
70
*63%
64%
4%
4%
70
70
70 3A
703A
71%
*65
67
67
67
•94
65
94 %
94%
94
94%
95
95
95
95
95
*18 ye
18%
41%
*40
40%
110
*107
*40
40
*107
110
42 y8
43 3A
42 3/4
43
14'A
14
14%
13%
14 Ya
66%
'
24%
105'A
23%
'
5
4%
*4%
4%
4%
18%
247/a
24 Y8
18%
18%
18%
18%
18
18%
18 Ya
18Ya
243/8
24%
24%
24
24%
24%
24%
*10%
11%
11%
ll3/4
11%
11%
ny4
ll3/4
13%
13%
13%
13%
13%
13%
13%
13%
*35%
36%
37
101
10 Y'.Y';;y
35 3A
15%
15%
*473/a
6%
6%
Consol
200
36
36
1013/4
23 Ya
10%
10%
110
8%
Inc
2,500
Continental Diamond
Continental
6%
6Ya
6Ya
6%
6Ya
7,000
Continental
34%
34 3A
34 y«
34 3A
34%
35
26%
26%
*26%
27
26%
267/a
14
14
137/a
14
13 3A
14 y
34 Ya
27
14%
<
50%
50
50%
50
50
497/«
50
49 3A
50
45%
45%
*45
45%
45%
45%
45%
45%
45%
45%
585/e
58%
178%
57%
58 Y*
180 %
179%
5
*2%
23/e
2%
,
12%
Dec
Jan
5
90
Jan
6
106
180
VV,'
5
2%
57 Ya
-58%
290
59
57Ys
57 3A
180
179%
180
360
.
180
5,800
180
4% Jan
5
15 Ya Jan
5
91% Jan
5
% Jan
11
7% Jan
11
2% Feb
5%
5%
5%.
2%
*2%
8
10
2%
2%
2%
2%
of
Steel
100
Products
.;>■ Corn
700
7,600
14
July
%
•
7Ya
Nov
Jan
% Nov
Jun
Apr
1%
Jan
9
Jan
3
•
r
Oct
21% Mar 29
27% Mar 30
12
12
1G
24
I6V2 May 10
36% Jun 30
Jun
11
Jan
3% July
4%
8%
Jan
6
1013/4 July
9
82
Jan
6
23% Jun
7
x43/a Jan
7
11% Jun
2
96
5
,
11% July
2% Apr
Jan
Jan
167/e
94
Apr
Apr
7
1
Jan
110
Jun
15
May
77
Jan
9
Nov
%
96
16%
Jan
Oct
5
Deo
103%
Apr
Jan
36% Jun
4
21 Va
Apr
2
15 Ya Jun
28
5%
Sep
8%
Jan
49
8
30%
Apr
'2%
Deo
4% Jan
8
2% May
4Ya
Nov
26% Jan
/.7
7
Apr
7% May
6
28%
Dec
5
25% Jan
8
37
Mar 30
17
Apv
27%
Dec
No par
5
1
38% Jan
2
27 3A
July
2
50%
Apr
21%
Nov
x9Ya Jan
7
15
Apr
5
8%
Apr
12%
Jan
Mar
51%
37%
Jan
58
Dec
50'
45
Jan
20
37
Jan
53 Ye Jan
25
50% July
2
3
45
47
6
7
23Ya
Apr
42%
Apr
Apr
61 Ya May
20
Jan
2
180
,2Ya Jan
2
;6
H Jan
2
14% Jan
2
176
;
1
Mar
21
3
159
Apr
2% May
May 17
2% May 22
22 % Jun
J3
179
«,
Dec
Oct
3% Nov
Ya
Apr
Nov
10%
Apr
14%
Dec
Jan
5
106 % May 29
85
Jun
98%
Nov
16% Jan
4
23% Mar 12
12%
Jan
16Ya
Dec
Jan
15
22% May
9Ya
No par
38% Jan
12
30% Jun
5Y« May
14% May
20% Nov
No par
37Ys Jan
6
46% July
32
Mar
41
Jan
10
Apr
May
12%
Sep
Co
25
21 Ya
21Ya
21%
21%
105 Ya
105%
105 3A
105%
1053A
105 Ya
105 3A
22 Ya
22%
22%
22%
22%
22
22
600
Cream of Wheat Corp
20
20%
19%
19%
19 Ya
197/a
20
20%
700
Crosley Corp (The)
29
29%
29
46%
15%
*46
conv
5
Sep
11%
May 12
16
1
21%
5%
19 %
89
,
100
22 Ya
Crane
4
78
7
Coty Internat Corp
610
Feb
Jan
_
1057/a
21
Feb
»
67 3/«
'
Apr
40Y» Jan
Del
21%
21%
Jun
7
33% Jun
5
Refining
Inc
V
74% Aug
83
23% July 6
103% July 8
3% May 12
a
43/a Jan
25
tPreferred
Coty
7
16
7
20
Co
105%
21
16
1
■
1,200
6% Apr
2
par
tConv pref 5% series„
Y tCorn Exch Bank Trust Co
180
;
5
5
Oil
Copperweld
Jun
3
l
21%
23
9Ya Aug
83
July
109 3/4 July
Motors
105%
23
Jan
Dec
24 Y4
7
$2.50
Continental Steel Corp
500
5,800
Jan
2
Insurance
Continental
6,000
•>
23%
10% Jan
Fibre
2,000
14%
17Ya Apr
3%
i.
15 Va
6%. :
9
18%
No par
47%
6%
Jan
25 Ya July
Apr
100
Can
Y 44%
Jun
preferred
Continental
21% July
lYa
.No par
15
4,300
9
12%
of America-
47%
35 Ya
Jan
68% July
5
50
153/a
34 3A
11
12
25
47 Ya
35%
35 Ya
>
Dec
34
?*■ 10% Oct
Jun
Jun
pfd
15'A
34
5%
Container Corp
110
*106
6%
Continental Bak Co
5,400
v
7.
May
32
Jun
5
tConsumers Pow $4.50 pfd
500
10
Cuba
Jan
7 %
Nov
11
—
460
23
101%
of
20 %
4
iy8 May 10
Oct
Dec
105%
25
Consolidation Coal Co
$2.50 preferred
RR
1
15 >A May
23% Jun 23
1,200
3,200
Apr
7
Preferred
1,600
H3/4
91%
35
29%
13
Consolidated Vultee Aircraft
13%
;
1
11% Oct
-
*
27/8 Jan
Corp.—
12
July
44% Jun
2
.No par
47%
27
*5%
Laundries
Jan
C
Jan
16 Va
17% Jan
No
15%
35%
35
21% Jan
.No par
—.1
industries
Film
Consol
8,400
.
23%
10
*106
.
Hi'
V
Jan
7
July 9
Deo
par
—
$2 partlc preferred
11,000
50%
57%
25
5Va
24
Jun
Jan
Jan
84%
v
'
47%
14 3A
*178
2
par
26
54)
46%
100
15
27%
14
36% Jan
32
11
2% Nov
:
,
—..100
—
47%
34%
34
*26%
2
preferred
15%
36
15%
47%
•106% 110
4%,
Consol
900.
;
prior
$ per share
,(
.No par
-
48
35%
355/a
47%
6%
23
10
110
2
Jan
■!.
par
Go—
-
HYa
;
101
100%
*23
23
10Ya
*107
110
'
23%
10
15
9% Jan
No par
$5 preferred
1,300
18 Ya
4%
*107
*"
-
4%
4%
10%
Edison
preferred
6%%
3,000
17
17
17%
17
4%
10%
3-
27/a
■
3
17%
100%
293/a Jan
30% Jan
..No par
:
Consol Coppermines Corp
Consol Edison of N Y
33,800
Y,:,
103
1%
Y
6,000
23%
23 Va
102 3/4
103V4
3
3
H
23%
102%
47/8: •:
4%
5
4%
23
23%
103%
101
107
Consolidated Cigar
*27/a
23%
19
700
17%
100 3/4
104% Jan
23Ya
:
41
44
23 Ya
27/a
36
Jun
7
14
23%
*4Y8
23%
19
Jan
9
25% Jan
23%
>
17%
101
par
Highest
Mar
.No
2Ya
36
:;i 51
.No par
17%
101
2
conv
Commonwealth
280
*35%
July
Congoleum-Nairn Inc
440,
37
95
Conde Nast Pub Inc
109%
♦35%
13
900
105 Va
4%
79% Jan
400
109 3/4
227/a
par
10
105 V2
103
Sep
Sep
Sep
24%
105
5
29
10
109 3/4
23%
30%
9
24
;
10
105
103
7
July
24
109%
47/a
Jun
67
24
237/a
109 3/4
22 Ya
72
2
Commonwealth & Southern—No
$6 preferred series
No
18,100
105%
23A
*23%
Y
109 3/4
17
24%
257/a
105
102 7/a
102 Ye
23/4
25%
.
109%
5
17
66 Vs
'
1
2
Jan
100
Commercial Solvents
22,600
4 9,100
105%
22%
102%
23%
9,100
Ya
109%
109%
105 y4
5
24
1
25%
'■*9Ya
10
<
4,900
14y8
105
109%
22%
23%
43 %
66
2
40% Jan
37
No par
10
41
66%
X25 %
25 Ya
10
23%
24
24
24%
10%
23%
*10
10%
10 %
•23'/a
25%
25%
25 Va
25%
25
4%%
V,
5% Jun
2
$ per share
No
Credit
preferred
Comm'l Invest Trust
—
$ per share
;
No
133A
Ya
66
110
l7/a Jan
Lowest
100
$2.75 conv preferred
Commercial
1,700
$ per share
•
Year 1942
Range Since January 1
Lowest
Highest
100
Co
43'/a
' 14
it-
65 %
x64
67%
66%
667/a
13 Ya
:
.
Ya
%
}l
7/e
.
Carbon
■■
-No par
Columbia Pictures——.
200
40 Ya
*107
Columbian
r
Par
6% preferred series A
5% preferred
1,600
41
40%
43 Ya
43%
43%
40%
110
*107
14%
173A
*17%
18
'
■
Columbia Gas & Elec
600
;
,
'
'1
13,900
3,200
Range for Previous
r
>.';V
.
120
40 %
40%
42 Ye
y
41%
*40
40
110
*107
17%
17%
41%
41%
40%
40%
40%
17%
18%
17
*40
4%
4%
4%
69%
v
STOCKS
NfW YORK STOCK
EXCHANGE
Shares
$ per share
67
4%
71%
64%
the Week
*65
43A
4%
70%
Sales for
July 9
:
i
$ per share
$ per share
share
4%
July S
July 7
'
Friday
Thursday
Wednesday
Tuesday
Monday
Saturday
RECORD
•':'
■
AND HIGH SALE PRICES
Monday, July 12, 1943
preferred
95
100
(The)
2
10
•
'
'21%
*20
30
30%-
29%
46%
46%
46%
46
:
29%
29%
5
46
.
..
*45%
;
29
500
153/a
15%
15%
15%
94%
94%
94 Ya
93 Ya
94%
94%
94%
36%
35%
35%
35
35%
35%
36
80
80
80%
79 3A
79 3A
80
80%
20
20
20
19 3A
20-
13%
12%
13%
12%
12 Ya
155/8
94%'
36%
363/e
80
*19%
13
x
1
193A
—
—
^
?'
6%
6%
74%
19%
—
26
106
*19%
*25%
*104
■
'
*25%
*104
6'
a-
113
*109
114
*109
*102
105
102
10 Ya
-
•
26
•,
*19Ya
t 25%
*104
106%'
74
34'/a
'Yj/t 34%
8%
8%
72Y4
23
♦100
"
■15%
6%
23
109
'i—
23
19 Ya
22 Ya
*25%
..
32
5%
71%
22 Ya
22%
Y
108
mm
95
95
26
'mm
26
26%
26
6%
..V'Yj* 6
72
8%
-J':
.
*»——
f
'• 6
;
*71
j
V\ i
8%
23
V'.
*100
109
*100
105
*95
5%%
preferred
conv
Cuneo
Press
4%%
-
.v
2,700
Class
••
•i
25%
25 Ye
25%
10
25%
2,000
*6%
6%
6%
20
*18
17%
—
*17%
42 Ya
42 Ya
——
A...
15 Ya
*lYa
-V
:
20%
—
41%
42
35%
35 Ya
35%
19 Ya
15%
15%
56
34%
—
20%
20%
"A
-m*
.*46
'-\ '
*31%
31Ya
133/4 Jan
Jun
0
Jan
Feb
1
Jun
9
88
Jun
140
Jun
74%
Jan
10% Jan
106% Jun 10
20% Jun
4
Jan
8
13A Jan
2
30% Jan
par
Jan
22
Jan
100
96
Feb
26
84
Feb 10
15Ya Jan
11
Jan
13% May
May 10
9% Apr
8
2
No par
No par
Feb
81% May 10
2
13%
Mar
,37
2
67/a Jan
13
90
May 21
7Ya May 10
2
17
95% Deo
8% May
7
.26% Jun 10
105
•
8
1
$8 preferred
112
92% Mar 20
Jan
A
Cutler-Hammer Inc
40
15
—-
—
*14%
297/a
—
——
95
29%
—
—
15
—
_
43
1
12
19 Ye
100
Jan
Sep
Dec
:V 2
Oct
182% Nov
Jun
20%
Oct
9%
5Ya May
24% Mar 29
Jan
25Ya Jan
18
Jun
10
80
Jan
05
Oct
95
July 6
26% Jun 29
44
Jan
81
NOV
12%
Jun
13
Oct
4
Deo
100
4
Feb
32
207/a
66%
19 Ya
15%
16%
3,700
8Ya
87/s
9%
12,300
1%
1%
1%
6,400
21%
21 Ve
21%
*47
,
34%
56
34
"
8,700
56
*47
34%
100
34%
750
343/4
14%
14%
HYa
*•14%
15
400
303/a
30%
30%
30Ya
301/4
30%
5,000
Distil
95
95
95%
200
—
__
;;;V
15 Ya
15 Ya
700
44%
44%
480
*15%
—
i'
—
40% May 13
Jan
6
8 Ye Jan
20
17
No par
—100
No par
213/s Jan
8
31
Apr
83% Jan
13
Jan
2
No par
Corp-Seagr's Ltd
pref with warrants
Dixie Cup Co
£
38% Feb
18
44 %
July
22 Ya Feb
20
33
May 20
15% Jan
20
Jan
5
130% Jan
12
31%
31%
1,200
20%
20%
3,300
Dome Mines Ltd
66 3/4
2,900
Douglas Aircraft
No par
149%
149%
148%
148 Ya
149%
150
148%
148%
600
337/a
33%
33Y4
3,100
8%
8%
8J/a
8%
900
13
—
122%
—
■'•.
—
*12%
*116
13
128 3/4
*121
—
*116
157
128 y4
121
*12%
122%
156 3/4
—
130
*7%
8
165
165
*177
180
*177
43
43
156
*128%
123
42%
42%
8
165
*121
44%
43
8
*7%
165 Ya
17%
*173/a
39%
38Ya
39
12%
12%
12%
12%
A H
18
39
4%
4%
5Ya
;Y„
4%
6
13
*12%
A-;.:
*116.'
157
.
156
129
*127%
123
*121
44%
44
77/a
*7%
*12%
20
156%
155 3/4
157
4,800
129
127%
127Y4
123
44 Ya
77/a
180
180
180
44%
*173/a
18
*17%
38%
:t
39
38%
38%
12%
11Y4
12
'12
18
4%
3Ya
5%
5%
7%
6%
55 Y4
Nov
118%
Deo
13
3Ya Jan
2
44Ya July
170
184
78%
78%
78%
80%
80%
*80%
87
88
88
1
1
87
*%
78%
6Ye
7
19
Inc————2
(The)——5
Electric Boat—.——
—3
11 Ye Feb
8
11
Oct
15
Jan
30 Va Jan
4
39 Va
July
2
20%
Jan
30%
Deo
10 Va Jan
2
14
Mar 30
9Ya
Dec
13 Ya
Jan
53/a May 10
6% May 20
70% July 6
A
Feb
lYa Nov
1% Nov
35% Jan
6
% Jan
17 Ye Apr
15
Apr
9
29
34% Nov
Edison Bros Stores
Electric
Autc-Lite
Elec & Mus Ind
8,600
79
•
19,000
81%
920
81
81
84
800
87
88 Y4
90
.11
3a
1
140
3/4.
1,600
Nov
18
Jan
1% Jan
preferred
Light——No par
——No par
Elec Storage Battery-
—.
5
Engineers Public Service—
t$5 preferred— —No
t$5% preferred
—
No
t$6 preferred
No
Equitable Office Bldg
-No
109% Jan 11
par
23/4 Jan
54
Jan
57% Jan
62% Jan
par
%Jan
—1
par
par
t
66
July
41% July
116 % Apr 20
10
9
9
9
1
1% Apr
40
Apr
46 July
47% Apr
A Deo
■
32 3/4
Jan
Apr
39% Apr
107% Feb
7% May
81% July
84
July
90
July
l%Mar
36% Deo
May
19%
31% July
56% July
4
7
4
5
8
28;
7
18% May 10
4
1% Jan
Am shares——
44% July
5
7
Dec
180
Mar
Jan
35
49 % Jan
; ; 6Ya
170
Deo
4% NOV
151%
Apr
178
cum
Electric Power &
30
108
preferred-.———100
6%
3,000
116%
34
16% Apr
2% Jan
8
May 19
Jun
8
Eaton Manufacturing Co———4
500
115%
Apr
111% Mar
8Ya May 28
146% Jan 20
No par
58
82
Jan
127
56%
78%
167.
144
120
5
56%
81
page
1023A May
26
Jun
121
7
87
see
26
129 % Jun
2
81
Ya
1583A Jun
8
31% Jan
1
5
5
13
20
*56
July
117% Jan
23% Jan
87
Ya
Jan*
Oct
7
10% Nov
120
125 Ys Jan
400
*80%
78%
134
31%
*85
78
Feb
31%
*115% 116%
67/«
Jan
31%
32%
115
Apr
31%
*30
134% Dec
16% Dec
13 Va Mar
1
8
20
31
55%
35% Jun
2%
28% Jan
31
Apr
112
33 3/4 Jan
32
95
9
31% Jan
*30%
Oct
May 28
153
116% Mar
—No par
El Paso Natural Gas—
3
Endicott Johnson Corp———50
inn
5% preferred
—
41
Dec
70 3/4
24
900
41
16%
Jun
41 y4
41
Apr
May
115
40 Ya
41
8
51
7
41
.•40%
Deo
8
8
$6 preferred-———:—.—No par
68
Deo
4
9 Va Jun
Mills
Dec
29
26
73% May
13 V8 Apr
20
No par
1st pfd—100
(N J)—
9%
7% July
32% May
16% Apr
5
$7
64%
9
7
23% Apr
•
8
1,800
68%
64%
115
15%. July
4
4,100
67%
65
Nov
Jan
65%
68%
65
Dec.
87
Jan
5Y4 Jan
69
68
41
22%
70
9
*64%
70%
66
6%
3,600
4%
5%
41
7%
2,300
llYa
HYa
5%
68%
55 y4
100
38 Ya
*4%
....
63%
116%
38 Ya
1,600
18
*17%
53/4
68 y8
55
70
44%
Rolling
Eastman Kodak
Feb
16% Mar
9
16
(E I) & Co
$4.50 preferred
Eastern
Jan
0%
5
95 Va July
No par
1
Eastern Airlines Inc
1,700
180
44
Du P do Nem
Duquesne Light 5%
200
7YB
166
4%
63%
*115
*177
Duplan Corp
B% preferred
7,600
44%
77/a
5%
63%
55
43%
165 y4
International
89% Aug
6% Aug
No par
100
Dresser Mfg Co
Dunhlll
56
—No par
Dow Chemical Co
150
*4%
68
116%
400
121
121
166
44
.
116
165%
44%
../
116
165
44%
13
122%
179%
44
17%
13.
122%
165
180
43%
5 Ye
10
No par
No par
66 Va
—;
83%
May 10
20%
33%
For footnotes
37
2
67
8%
78
25
Diamond T Motor Car Co
31 Ya
33%
6%
Jan
66
8%
*54
Jan
27%
20
323/4
*115
21
Apr
Apr
31%
8%
5%
Jan
18
31%
33%
*4%
14
8
66 Ys
8%
42%
2
20%
33%
Oct
343A July
20%
,
Jan
37
33 Va Mar
preferred
Class A
18%
Oct
6
66%
K
8ep
Apr
7
*31%
44%
Apr 30
1%
14Ya
37
8
Jan
67%
15%
11 Ye Oct
4Ye Jan
26
21
15%
44%
.
—
.
partlc
1
.
Nov
173A Jan
32%
15%.
44%
—
-\v
6%
Mar
13%
27/a May
A Jan
Dec
30% Nov
No par
Match—
Diamond
40
213/a July
48 %
5
/
Jan
Dec
No par
Raynolds A
Doehler Die Casting Co
44
83/4
157%
Jan
15%
33%
157
7
44
*8%
*128%
Western
15%
33 Ya
*12%'
Apr
43%
—
150%
*116
Hudson—
5%
*93
9 Ye
25% May
12
14%
95
20% May 19
167/a Jan
HYa
*93
36% July
2
5
800
95
5
Jan
s.
% Jan
40 %
30%
Jan
12
6% pfd—100
Detroit Edison—.—.
20
Detroit Hillsdale & S W RR Co—100
*39%
27 %
29
tDenv & R Q West
40
10%
Apr
10
July
10% May 10
3% Mar
1
Devoe &
Apr
43
17 3A May
&
110
4Ya
18%
19% July
12-
2
40
30
102
11
Jan
2
40
*93
Jun
Jan
3% Jan
32%
2,500
116
17% Oct
12% NOV
Jan
10
8% Jan
40
i Y
20
Apr
Aug
Mar
26
100
31%
32 Ya
8
20
Delaware Lack &
31%
32
15%
Jun
—50
Delaware
39 Ye
32%
2%
3
19
par
-No
Preferred
Deisel-Wemmer-GIlbert
31%
-.32 Ya
May 24
Mar
2
108 3A Jan
100
20%
—
—
'
♦148
*19Va
15 Ya
Jan
19
Jan ■-'? 9
12
67
21
66%
33%
197/a
17
1
-1
Co
&
7
5
25
Decca Records Inc
Deere
3% Jan
8
—
(The)
31%
43
32
34%
1,000
21%
21%
56
7,100
Chemical Corp
Dayton Pow & Li 4 % % pfd
*14%
—
*14%
*47
;v
Davega Stores Corp
Conv 5%
preferred
Davison
39%
—
*39%
*93
56
34
■
20%
j
35%
1%
1%;
—
41%
35 Va
8%
1%
lYa
40 3/4
35 Ya
14 3/4
:
83/4
1%
7,100
*19%
15%
8%
__
jT' V '■ '
19 Ya
40
19
18 %
42
353/a
9
•—
34Ys
15
1,400
113
113
19%
-41%
200
v
16Ya <17
113
18%
8%
--
'
*40
*19%
17%
6%
•20
*18
17
113
197/a
'
17%
20
16%
114
17%
—
—
lYa
20%
i__
9
*18
43
*6%
6%
■*6.
17%-.
35%
—
19%
15%
*87/a
♦113
6%
20
17%
'
♦19%
17
42
— —
--
36
*18
17%
114%
*113
—
A
20
17%
—
17%
*35 Ya
♦18
--
——
17%
115%
♦113
121
Jun
5
a t;
<
•
.
8Ya
11
18
Cushman's Sons Inc 7% pfd
105
-
84
11
14 % Jun
Apr
I
Nov
Jun
21% Jun
No par
1
;
63
82
100
No
-
88% Jan
89% Nov
7
100
No.par
Preferred
Prior preferred—
Curtiss-Wrlght
23% May
9
—5
Curtis Pub Co (The)
77
7
105
—30
—
r
26%-..
95% July
37Ya Apr
11
7% Jan
100
lnc_
preferred.
Jun
Dec
9% Jan
100
Cudahy Packing Co
i
'■}
90
1,300
17,600
if
109
*95
11,600
?-
34Ya
Sugar—
preferred
Jan
71% Jan
100
100
100
'
72% i'
34 v4
22Ys
23
100
preferred—.
preferred—
Cuban-American
700
•
'
26
8%
8%
conv
Cuba RR 6%
t7%
107
16
4
83% Jan ..2
100
19%
*104
6%
'
34% .34-%.
8%
105
95
26
6%
6
72%-
*95
109
*80
f
-
34%--.
1
19%
*25%
26
107
6 Va
♦100
*100
193/4
*193/a
*104 *«.
25%:
106%--
11% Jan
5
No par
>
8,000
102
Corp
No par
113
105
8%
8%
12%
170
13
*101
74",
*:;:\
f34%
83/a
*22 Y4
12%
700
19 3A
Zellerbach
t$5 conv preferred
Crucible Steel of Amer
350
80%
12 Ya
preferred...
conv
Crown
2,400
*19%
.
$2.25
>,
3,600.
♦80
193A
*109
34%
74%
34%
*19%
105
*101
105
*100
15 %
15%.
114
*109
114
*109
15%
Crown Cork & Seal
1,700.
46%
94%
35 Ya
15%
94%
Y
Y
30%
46%
■v.
9
-No par
-
26%
:
Jan
Feb
49% Deo
112
Oct
3% Jan
66
Jan
73
Jan
83
Jan
% Oct
Volume 158
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4193
NEW YORK STOCK RECORD
Monday
July 5
Saturday
July 8
7
July 6
$
$ per
per share
14%
$ per
share
13%
*75%
78
8%
*8%
8%
8%
13%
13%
49%
49%
73
*75%
8%
8%
•
78
8'/a
14%
14'/4
21,900
50%
8%
7
8%
8%
lErle RR
7
No par
benef lnt
No
Vacuum
13%
13%
13%
13 y4
13%:
13 Va
13% ![.'<'
13'/*
13%
4,000
Evans
25%
25%
26
25%
25%
25%
25%
25%
25%
2,700
3%
3%
3%
3%
3%
3 %
3y4
3%
3,000
*39
3%
*39%
39%
•
397/a
26
26%
26
18%
18
102
25%
102
25%
*15%
*5%
24%
93%
*17%
50
*37%
110
21
34%
4
42
Mar 26
27%
Apr
37%
6
28
May 27
19
Jun
29% Jan
2
19% July
6
Jun
8% Jan
*8%
25%
24%
93%
93
17%
48%
483/4
413/s
41 y4
-41%
*17%
111
17%
:
♦111
•
38%
38%
1,700
Federated
160
17%
400
48%
42
♦111
1
20%
20%
20%
20%
107
*1053/4
106%
>
35
*34%
35
*34%
25%
*25
25%
35
•34%
t
;
25%
8%
83/4
83%
'
*25
'
8 3/4
203/a
49 y4:
47%
47%
*47%
48%
13 Va
13%
13%
13%
*12%
13%
*47%
48
*47%
48.
47%
47%
47%
48
*48
48%
17%
17%
17
17%
17
173/a
133%
*130
133%
*130
133%
17%
*128%
133%
*19%
*64
130
*36%
20
*19%
11%
*19%
8%
,
19% v
*19
75
•64
37
8%
,
100
:
.
t5%
Food
19%
43%
26%
7
87%
Apr
39% Jun
16
29%
Apr
22% Jun
2
9%
105% July
7
86
■•') May
Jun
10
15
Jun
11
18
9% Jun
28
15 % Jan
7
11
Freeport
7
36
19% Jan
.8
28
7' 3%
10
Corp
100
Jan
2
30% Jan : 5
4
10
39% Feb
3
51
10% Jan
7
1
Corp
Sulphur
9% Jan
49% July
13% July
?
127
16% Jan
25
No
5% Jan
:
par
50
pfd—100
11
140
5
28
30
*29-
30
30
*29%
109
108%
108%
3%
3%
3%
3%
*13%
13 y2
♦3%
3%
*13%
,,7 -
3%
3%
13%
'
-
"
7
29%
108
'
293/4
108%
3%
3%
3%
3%
*13V4
30
29%
30
600
108
108
*1073/4
108
120
*3%
3%
• 3%
..
3% -
13 %
13'/a
Fruehauf
5%
Galr
'
.
30
29%
:
10
10
7
*;*?■■ 8% i
•
143
778%
106
6%
51%'' 51%
*97/a
10
*105
•<-'
"
8% '
:
.n
8%
;
8%
105
47%
143%.143%'
: '95%.
*29 '
95%
16%"
■'
:
7% '
5
95V2' :
29% '
95
/
7/29%
29%
; V8%
4,800
143 %'' 143%
210
:.95%-
139%
739%
*:
29%'..:
*28%
■:77.
Wi
41%
:
7*7;:
7 H6,;
1%. 7.1%"
104
: ruoo%
.
39%
; *
-
*28%'
29%
*29
V
29%
74lV»
42%
116-
-'vrll67
70
;39%
25,000
42%
7,000
43^7
"'41%
-
',
-
*114* •
.
42" "
742%
97%
'""1%
1%
7:: iW&ivk
101% 101%
x97'"~.'97%
*100% 102%
,
*132
55%:»
;;5%
7
"*22
r
••
5%
•,
,
>1%'
"
/ "7
"
24-7
*51
23 y8
110
" 1%" •"
*27
•
••
:*5%«
■
•
"*52
24
22%
-
110
1%
•
54%
53
-
22
1,800
70-
General Motors Gorp..^
17,700
*1%
1%
110
1%
* 53
Gen Precision Equip
1,000
22% ^22%
23%
♦110%
1%
Gen
1,500
110
1%
6 %
500
22%
15 S7
15
88
91
3,270
Gen Steel Cast $6
22%
7 *22%
21V*
20%
20%
•109%
243/a
111%
♦109y2
111%
111%
24%
24%
24%
24%
9%
87/a
111%
24%
243/a
9%
9%
9
73%
♦72
22%
9%
22%
23 y8
♦20y4
22%
14%
82,
21%
21%
9
73%
♦72
11%
11%
81
81
21%
213/4
21%
21%
48
48
1%
1%
*2%
3
•
100%
100%
393/4
39 Va
393/4
105
106%
*105y8
106
8
*7%
8
8
90
90
*105
*7%
90
90
40
8
90
90
2
*5%
1%
l7/a
-1%
5%
53/4-
5%
40%
53/4
5%
5%
5%
153/8
15%
153/4
12 Va
121/4
12
12'/4
36%
36%
27
17%
30'/a
*36
36%
361/4
*25
•
26
363/8
*23
17%
173/b
17%
173/a
171/8
30%
29 y4
293/4
29%
30
26%
150
♦149'
26
26%
1483/4
150
*25
26
*25
.:'•
5%
Great
25%
46
46%
46%
47%
47
47%
19 y4
19 3/a
19 Vb
19%
19
19%
123/4
123/4
14%
143/4
4%
•7 43/8
149
*146%
123/4
123/4
123/4
12%
123/4
14%
143/4
15
16
16 P.
83/a
43/8
•7 41/4
146 : : 1461%
149
8%
37%
37%
37%
:26%
26%'
*35
;
353/4
V
♦17
r
173/4
7*17
*14%
*107
;
For
;
*14%>
15 Ve
110
footnotes
*35%'
:
see
page
167.
*107
8%:
146
8%
26%
7-8%
37 y4
37%
83/8
4%
43/8
371/4
37%
'*26
" '
26% 7,7
35% 77
35%
35%
17%
'
17-
17
15%"I
*
HO/.
•
-*14%
7*108
15%
-
'
26%
7; 35>
7716%
*14%
112-*108%
37%
26%
"7
•
30%
Nov
Oct
/
143/4
112
•
/';
(H
2,400
5%%
7,400
•
Grumman
"2,500
L)
Co
conv
*26% 26%
7"
36Vi
'
17
i
143%
-'
Jan
Oct
:44%
Dec
.128
•
July
30■*.
Jan
44%
*
Jan
3%
10% Mar:
3% Sep '
•
"
Not
53%
Jan
-
99% Aug
A Jan.
'
300
'7
Aircraft
109% May
%
Jan
<
77,
'
100
'
7%
HaU
6 *
Apr
14%
Not
Apr
% Mar
107%
Jun
8
23
Mar
4
14% Apr
8% May
55% Jun
9
16% Jan
15% Jan
108
55
4
14% Jan
43/4 Jan
4
9
10
11
May
101% Sep
7% Jan
•2
Oct
■
-31% Not
•
19%
July
253/a Jun
8
28
3
9% May 10
Jan
;
10
Feb
79%
Jan
20
;
13% Mar
233% May 29
112
14
.
July
24% Jun
4
4
Jan
July
91
2
Jan
163/4
110
-
Jan
Dec
Feb
15%
Dec
5% Nov
Nov
61
4
74
5
Jan
2
Jan
4
11% Jun 25
82% May 10
14% Jan
2
22
Jun
30,
12%
Sep
16
Oct
41
5
48
Jun
22
373/4 Jan
44
Feb
603/4 Jan
Jan
^ Jan
2
1% May
3% May
953/a July
2
413/a Jun
12
14
101
8
40
907/b Jan
9
106
par
..1
4y4Jan 11
80
7
Jan
JS Jan
Water
Jun
July
90
Jun
1
8
13
Jan
27
Dec
56
Jan
83%
Dec
25
10%
Jan
27
8
60 Va
Jan
90 %
Dec
13/4
Jan
4%
Nov
Jan
81%
Dec
29
11
;
7
X58
':7"& Sep.
8
a3/. Apr
7
4
8
6
Mar
133/8 May 29
6
Apr
36 3/8
July
8
22% May
26
July
2
23
6
18
Apr
1
13% Dec
183/4
Oct
21% Jan
7
32% May 10
193/4
25%
Feb
23% Jan
138
Jan
593/4 Mar
2
27% Jun
11
2
153 % May
8
27
3
Jan
65
19
4
11
Jan
4
May 27
7
12% Jun
10% Jan
2
17% May
1
2% Jan
2
81% Jan
19
3 5/8 Jan
12
par
25% Jan
2
..25
22 3/i Feb
par
100
;
47% July
8
21
4
22% Apr
Apr
50
July
25
Nov
25
Feb
28%
143
130
Jan
:
Jan
63%
Nov
:
Apr
33%
Jan
10%
Apr
14%
Dec
i% 10 r-i Mar
11% Aug
14% Jan
9 % May
3% Jan
1% May
57 Jun
11
1603/4 Jun
12
483/4
Jan
5
2%
Jun
4%
Oct
Jun
33%
Oct
::
10% May
41% May 12
18
28
19% May
1
38
ADr
13
29
5
18
Jun
11
9% Jan
18
15 3/4 Jun
4
8
1
95
104% Mar 13
:
Jun
Jun
11
32
July
12% Jan
35
..100
Jan
Nov
27
14% Jan
No par
5%
8%, Dec
9%
Jan
31% Jan
A
Dec
1% Nov
Sep
163/4 July
9
1
No
Jan
2% Jan
827 Feb
5
15
__10
par
Jan
Nov
Jan
8
3
No
% Jun
1% July
73/a Jan
•
:>)'
5% Jan
65%
73
2% May 10
2
29% Feb
Printing
preferred^.
July
93/a Apr
11
24% Jan
No
Apr
May
4% Jan
.5
;
4
50
6
2
x40% Mar
6
8
Jan
Jan
100
RR
preferred class
May 20
1% Jan
76
24% Jan
Corp
Co
'Hamilton-Watch Co.4.
■;
10%
101
1
15
Jan
1% Jun
No par
preferred
iHackensack
180
200
25% May 20
110% July
25 Ve Jan
preferred
2,000
$5
2
9
83
Inc
'
<
Mar
No par
& West RR
Green
39%
112
-
Feb
13% Aug:
1% May
8
2
No par
Greyhound Corp (The)
Gulf Mobile & Ohio
-
87
131%
-Apr1?''
"122
8
9% Jan
60
No par
Guantanamo Sugar
3% preferred..
*108%
1
102 '
'
Apr
-
-
2% May 10
No par
__100
40
14%
:,
24% Jun
"k. 8% Jun
109% July
;
July
No par
Western Sugar
13,100
••
Apr
-Jan
•
30
6
233/8 Mar
preferred—No par
'
*163/4
40% Jan
116 y8 July
: '1%
Jan
64%-Apr
'57/» May 12
2
10
2,700
4%
146
>
Mar;.
-
122
273/4 May 10
5
par
No par
4,800
:
35%
'
35%
ctfs
Prop
93/8
.
131% May
2
'7
20
Ore
8%
146
:
83/4
16%
Iron
373/4
146
-
Nor
Green Bay
16%
4'A
4%
123/4
div
Preferred
62
"
8%
'
,•'21% Nov
132
:
% May
-
01
5
28
1
Co
150
*58
19%
,15
(W T)
2,000
*150
62
46 y8
♦26
- -
liiy4
26
15"% Jan
1
preferred
25%
26
150
19%
12%
Grant
900
w
City Steel
150%
25%
*58
62
Granite
Great Northern
149%
26%
150
Grand Union
8,600
46
4%
Feb
*•
May 10
31% Jan
100
1,300
303/4
193/4
*58
Jun
•
No par
1,700
293/4
12%
•
Jan
Apr.
6
>
100
....
Gr
46%
>146%
oct
9%
:'.90%
Apr.
Apr
Apr
X23%
8
4
50
No
Hosiery
1,600
119%:
62
preferred
conv
17%
*46 7
*55
;
55% Jun
No par
preferred
Preferred
26
62
_No
preferred.
17
*55
.
21 ya
120
•
16
% Jan
par
Graham-Paige Motors
Granby Consol M S & P
36
,
—
1,300
;
123/B
36
17 3/S
29%
26
26%
•
90
16%
•
(The)—
conv
Gotham
7,500
53/4
16%.
*12%
$5
1,800
1%
5%
-
P
91
1%
16
12%
14%
Dec
.3%
;
59
Goodyear Tire & Rubb...
700
8%
par
(Adolf)......—.
5%
7,800
1091/a
12 3% Jan
X104
..No par
Goebel Brewing Co
Gold & Stock Telegraph Co
Goodrich Co (B F)
40
*90
98
2
—5
.No
Gobel
4%%
1,000
1%
16-
26
Dec
-
4s/a
:
Sep
16%
4
Mar. 15
134
5
par
.No
Safety Razor..
conv
preferred..
1,200
8%
23/4 Apr
110
'2
..—.20
Co.
3,700
>106%
118 »/2 Mar
7
A Ja n
100
Glidden Co
2,700
393/8
90
•12%
>147%
140
Apr
2 •
May 17
39% July
1
433/8 Jun
14
12
13% Jan. 25
.No par
1%
8%
1%
Corp
Corp.
3
106
♦15%:
29%
Feb
'5% Nov
•
32 y* May
9
103% Jan
r
$6 preferred
95%
*93%
39%
2
Instru
preferred.:
1,900
100
40 3/8
123/4
*17%
200
101
16
*25
$5
48-
12%
*35% 736
Glmbel Brothers
213/4
153/4
.
5,400
82
Telephone
Time
6%
73%
3
393/8
105%
Gillette
11%
953%
401/4
101
7,000
.
::9::
1%
2%
100%
General Tire & Rubber
48
*94%
39%
1,200
21%
1%
1%
27/a
95%
40%
39%
1%
1%
2%
Gen
40
11S/8
*47%
*93%
General
400
82
2P/4
100%
413/g
101
*7%
1%
3
400
73%
*78%
Jan
2y4.Jan
■
.1
243/4
9
.No par
..No par
preferred-..No
213/4
23%
247/a
-
par
General Shoe Corp
1123/4
215/a
11 Vi
11%
82
95%
41 y4
*93%
953/a
1033/8
Va
23%
112
*71
48-
*47%
11
•79
«
87%
82%
21%
48
*88
*14%
,
73%
11%
82
39%
'
14%
-
,
-
1
General Refractories
15
1,400
1,600
•
Apr
44y8Jan
1267/8 Feb
717% Jan
100
Realty & Utilities
$6 pref opt dtv series
58%
82*
•
.No
Railway Signal.
preferred
22%
22%-
;
,
83% Jan
129
par
par
Gen
4,300
*57%
31%
'109'/2
41%
Jan
463/4
'
22%
14%
22%'122%
94.
10c
55
82;
*100%
•
6% Sep
66%" Nov
145
2
4% Jan
.No
-
22%
143/4
1%
104
Jan
2% July
98 Va May 19
5
'
•
Corp..
preferred—
Gen Public Service
500
115
•
1%
$6
54%
81%
*2%
Sep
48y4 May 19
5
General Printing Ink:;
i%
23 y4
i—vIO
^-No par
Aw__'—_—No
1,900
10
1%
.
preferred..
Outdoor Adv
.7%
7%
*109%
23
110
1%
81%
*94%
9% Jun:-/ 5
Dec
,
7>/4 Nov
Mar
-•
106
18% May 20
2
-
; Conimon«.i.M..^^...m.«JVo' par.x
700
22%
22
1%
22%
23.
15
Gen
109%
14%
*47%
*:
3%
143% May 24
.4
" ' 30% Jan
.
t$6 conv preferred series A_No par:General Mills.:
14
—No par '
:
5%' preferred...
i
*
100
200
/ '
7%
109%
14%
7 81%
21%
3
'2
71% Jan
20y2 Jan
130'/2,Jan
cum
•
"
11%
9y» Jun
-
Feb
53
Apr
98
2
Oct
10%
Feb
35
12
Sep
Jan
Jan
3%
>
Nov
Jan
>
21
,
Apr :
3%
6
Jun
2%
11
May
61
Jan
2%
/
2% July
8 Va
4
■
30
1,100
'
22
"*7%
22%
*79%
Sep
16 "
2
Jun
.
—No par ' : 34
Jan 13
t$4.50 preferred
L .———No par ,
H31/2 Jan 22
Gen Gas & Electric A__—-JNo par!' 1% Jan *4
130%: 130%
;
$%
22%
*71
Jun
;
51
4
Jan
Feb
Jan
'
No par ■
'
2% Jan
pat, -7 7% Jan
preferred.^....
.100
General dgar Inc
uil
.^.No par
7% preferred."
^
100
General Electric .Co7.:7i...No par
y'27%: 27%
1., „'5% v
5%
110
1%
•
55%'
'my*
:
27%'
'109%'"
' 1%
1%
1109
1%
55
1%
1%
8
18
106
4
v
4,800
7:97%: 97%
132%;i34f7
'• 55.
7; '55%
''132
131*
136%'130%7
*108
7 109%
1%
'110%
.
Jan 29
37
Jan
53/4 Jan
; Jun
53% Apr
10 Vb July
General Foods Corp.
100
116
'
55%:
55% '55% 7
22% '*
22 22% '
73/4 7 7%.::/^'y.:7%,.;y^%"'
*107
1%
*23*A
1% '
■
.
132
22%
.
100%:
*110
"5-
134 U "
*132
•
77727%, '*27%
>7-7%7.'7%;7
*107
134
55%' 7 "
55%
130% 130% r;
5'/8
;
4
102
•.--
r.
'"
•*"""
♦130% m-7.7
"*27" :■ 28%
•
,
*112%"" 115 "
115%
"
•7 55'/*
42
.
♦114
"
134
*132
'
135%
38%
>
•
•
t7%
200
135%
33%;; 738% 739
uy
v
136"
136
138
,-38%
"1% V:vi%7":',"'i%7;i%';
-•>100%' 104v : - 102 . ;?1027v>
97'
97%"
77797% 97.%:
'
■
*97
7
39
<
..1.5
*
6% Jan
"
-
General Cable Corp.
190
97 7
1
.
400
5
18
Apr
Nov
May
*'
7
41%:
*ri4
*136
• 138
*136-'
,
39%:
par,:
—^.5
15
3,300
'95%
Apr
85%
26
;
'
.*136 *
No
Transportation
Jun
2,900
-
15%
6
.6% Jun
$8; preferred——.1^.-..—ATO" pat
: 134
Mar V
General. Bronze Corp__^__
^_5 ..7- 43/8 Jan 12 ,
8%
10
-143/4 Apr
7%
7
*16%
95'
95%:: 95%
51
;50
30
12
16%'
8% '
•
7%
16%" -17'
16%
95%
*16%'
•
38%
11
11
18%
Apr
4% Jun 10
Dec
Jan
Nov
27
19l/2 Jan
Jan
:
136
9
:
14 3/a May 26
3
.42
"12%
May
14% Sep
10%
6
93/4 Jan
,"11% Jan
45
9'/a Jan
•
Sep
Apr
114
4y8 May 17
par
Jan
36% Mar
Oct
2
.No par
General Baking
Amer
7
Feb
7, 5%
Aug
Jun
1% Jan
1
$6 preferred
.
31% Jun
Dec
724%
5
108% July
2Vs Jan 11
•
..5
Gen Amer Investors
100
Gen
S 8%
8
7%
'
16%
No
Inc..
preferred..
1,000
2
12
27 »/*
Apr
38
20
(The)
conv
Jan
:
Mar
22
737%: July
Feb
Dec
Jan
91/*
12
1
Industries
47% 1 47%
"
8%
X7%-
"^73/a
7.:
17%
t5y2%
3300
106
Co
Wood
17
96% Jan
cl A.«_. JVo par
(Robert)
Gaylord Container Corp_^
70
10
10
143%
600
*
■
f
7%
'.*10%
-
51%
*105 %
47%
143%
•
14*
51%
.105;
"47%'
V 8%
8%
«
•
.
10
106
-
47%
Gar
8,300
14
14
l
-—..100
preferred
Gamewell
170
6
51%
•142 y4" 143%
••".••"••
29%
5%
14 '
*50%
^
•8%
-8%
;
6
*9%
48
: 29%
29 %"
14%'
10%
9%
v
5%
*13%
<
51% :
♦104%
r
29 %
-
6%
13% '•'
•7" 47%
■>
8%
143
■■■•
•
*50%
•
48
*47%
<
:
29 %
6:7
13%
•104%- 100
7
29%
•
.6%
*13% 714%
51%' 51%'
Inc
Co
'
77f76%:
Co—...
preferred
Gabriel Co. (The)
400
6,400
7 400
13 %
Trailer
conv
Jun
64
Dec
16%
-
27% Mar
4
May 1
12% Jun 11
16
39%
Dec
Nov
96 %
8%
7
5
Jun
y
Feb
3 •" May
21
8
Feb
-34% Apr
——10
Co
Mar
105
Jan
28
1
May
19% May
'
*108%
7
10
Inc
F'k'n Simon & Co Inc 7%
4,100
5
25% Jan
;—No par
Francisco Sugar Co
1,500
37%
J.4%
Apr
97% Jan
$7 conv preferred—....
6% prior preferred
i
75
36%
Apr"
Jan
par
preferred....
Machinery
Dec
7%
13%
No
...
Foster-Wheeler
1,300
Jan
29%
31% Jan
Stove Co
Steel
•
2
par
(The)
conv
Jan
87
Apr
74% Nov
9
—No
preferred
Food Fair Stores
700
600
.
.
11
103/4
36%
365/a
36%
•
.
10%
*64
♦64
36%
36%
19%
103/4
75
*64
37
*130
::li:7:
11
11%
75
.
133%
*19%
20
7*11%
.
18
17%
17%
9
Stores
Follansbee
♦8%
48%
13%
,
A.
400
8%
48 3/a
,
series
Florsheim Shoe class A
48%
11%
6
July
Co
Dec
4%
18%
Jun
Jan
28
111
Flintkote
Jan
13%
19% Jun
6
National
24 y2
50% Jun
104% Jan
preferred
93
Dec
42
100
6%
Sep
3
29
7 July
Florence
*123/4
Jun
42
100
13'/a
7
Jan
Apr
19%
: 8
6
25% July
94
8
200
48%
:
2
8
14
35
*12%
Jan
Jan
t$4.50
!
15
,
69%
1
6% Apr
78% Jan
par
100
July
12% Jan 27
130
*47
,
No
:
Corp
25%
25%
4
9
29% Apr
5
16% Mar 18
25% Jan
First
;
3% Jan
102
.10
3,000
•
*105%
18
$2.50
1,000
1053/4
Feb
Phen Fire Ins N Y.
300
38%
preferred
Enamel
13
13
Firestone Tire & Rubber..
2,800:
5,400
113
38
Ferro
/ Fidel
7
20% Jan
5
No par
Dept Stores....
conv
Jan
2
—•
94
t4%%
86
No par
Mtn & Smelt Co
Federal-Mogul Corp
25
.
No
Traction
Federal Motor Truck
17%
38%
Co
1,300
48%
113
300
5%
41%
:?
Federal
1,000
16
&
Morse
Light &
$6 preferred
20
103
20 Va
25%
Oct
6"% Jan
1053%
*34%
Dec
iy* Not
.
33% Feb
20%
'
7%
28%
v ;
Jan
21% Jan
105%
25%
Apr
II
vi
15
20%
34%
*25
3% July. 1
May
20
105%
21
105%
19
Jan
4%
20
par
247/a
*38 Vb
% Jan
..82.50
7.7:1%
29 V* Mar 30
Oct
70
Dec
'Sf.- 4% Sep
;
6,400
5%
49%
37%
8
5
13
7
Federal
5%
110%
9% Jun
14% Jun
4
Jan
Dec
Jan
Fajardo Sug Co of Pr Rico
"16
17%
110
37%
377/a
*105
41%
2
5% Jan
24
7770 7
oct
10
44
Fairbanks
*25%
48%
741%
.
50
".v
41%
110
•109
18%
*17%
18
•49%: 60
*41
41*/*
r
..—3
10%
7
1,100
►102 */*
16
♦93
3% Jan
5
.
Mar 26
Jan
32%, Jun
2,300
247/0
24%
93%
77
Jun
3%
:
.
19%
5%
5%
18
.
$ per share
25%
26
16
68 y2 Jan
4%
;
.
Highest
share
18
102
♦25%
16
16 V2 May
4
52% May 19
$ per
25%
18%
*101%
Co
1942
*39% : 39%
26 Ve
18%
<
4
9
12
par
5
Ex-Cell-O Corp—
Exchange Buffet Corp
f
16%"May
Jan
Cleaner
13%
3%
9
50
25%
Products
8
$ per share
39 y2 Jan
Erie & Pitts RR Co
Eureka
8% Jan
Year
Lowest
>...100
5% pref series A
1,100
'
$ per share
Par
common—.
Ctfs of
—
•
Range Since January 1
77 Lowest 7;
Highest
;«
»
1,500
78
V EXCHANGE
;
»,'•
2,800
*75%
■
Range for Previous
NEW YORK STOCK
;.
Shares
50
14
50
V.
78'
share
per
Sales for
the Week
13%
13%
49%
14'/a
50,%
*75 y4
7" 7 $
14% 7 '<■: ■! 14%
14
*75%
13%
50 %
14
50%
14%
14'
>
,
July 9
•.
t per share
;cJ..
STOCKS
Friday
•
July 8
$ per share
14%
r-.,\
f
Thursday ;
July 7
share
14%
14%
*50%
j
HIGH SALE PRICES
Wednesday
Tuesday
AND
LOW
26% Jun
108
-
July
:
Apr
86
7
Jun
Mar
Feb
7
35
Dec
13
.
83/4 Mar
.
25
Sep
Aug
HV4 Nov
,' 106% Feb
,
THE COMMERCIAL & FINANCIAL CHRONICLE
162
Monday, July 12, 1943
..
NEW YORK STOCK RECORD
1
July 5
$ per
share
*106%
$ per
$
share
is%
*100 V2
101
102
67%
67 MS
67%
165
♦157
*157
16%
17%
17%
17%
17 Va
85
85
85
136
135
135
*64
66
»64
84%
85
*135
66
111
'
111
111 A;
*110
42
*40
15%
135
*64%
66
65
66
65
*110%
112
100
65
300
112%
*110%
112
./
120
15
15%
500
14% Jan
35%
36%
4,500
45
45
44%
44%
1,500
Houdaille-Hershey cl A
15%
15%
15%
15%
2,200
55%
55
55 %
300
111%
:S:®:-B70
8 Va
5,000
35%
700
600
Hudson
15%
15%
57
55
56
110%
111
Mi
10 Va
10 Va
-
*55
*110%
110%
■v
111%
112
Class
6
21% May 10
22 Ms Mar 31
11
21
40% July
15% July
14 %
9
17
t5 ft
9
31
Jan
5
41J/4 Apr
8
21% Oct
38%
36 Ma Jan
12
45
2
27
Jan
39%
Oct
9% Jan
5
16 % Jun
8% Jan
11%
NOV
2
57% Jun 24
44 Va
Dec
par
No par
preferred
33
44
12 %
.
*8%
8 Ms
Insuranshares Ctfs Inc.
—1
37
37%
37
37%
9 Va
*170 Ms
173
10
7%
500
..100,
72
173
2%
2%
2%
100
73
4,600
72
173
Int Business
Internat'l
300
2%
5,800
Int Hydro-Elec Sys
17%
1,900
Internat Min
66%
600
2%
17%
*66
No
tPreferred
-25
3% Jan
—No par
28% Jan
9
36 Va Apr
5%
5%
6,500
32%
13,800
Int Nickel of Canada
10,600
international. Paper Co—-
138
12
58
57 V*
58
57%
58%
10%
10%
10
10%
10%
69%
70
:f.
:
*135%
69%
70
42%
42%
42 3%
35%
36
36
*41%
44
43
44
120
*108
120
58%
11%
13,600
70 Ms
5ft
2,500
10 34
69%
36
44
t Preferred
123/s
57%
'
42%
*35%
69%
138
12
Va
Internat'l Mining Corp
Inter Rys Qf Cent Am——No par -,
6% preferred—,
—100 .
1,110
35%
*108
120
.
42
*41 3/4
V
300
International Shoe
120
*108
143/4
14%
14%
14%
15
14%
14%
14%
14%
14%
14%
16 Va
30%
*30%
■
15%
V
*105
*16%
30%
30
15%
1
132
15%
15%
32
32 Va
*106 3/4
108
16
16
16
16
*105
109
*105
900
Interstate
100
*130
86'
86%
*130.
132
.
*16%
17%
26
25%
i.',,'.sf.
25 Va
63
*62%
79%
79%
79%
79%
11%
12
12%
*62%
■
.
17%
♦17%
17%
*125
128%
30%
*29%
30%
30
142%
142%
*140
,
30'
.
144
153/4
15%
32
16%
32%
107%
*107
144
30
16
.1,800
15%
32%
32%
32%
109
——
86%
132
86-
*130
;
86%
132
U
86
853/4
128 Ms
,
.
25%
25%
25%
7,700
62%
62%
62%
62%
16%
Feb
Apr
35
Dec
74
May
July
100
Jan
153
54
Apr
74%
Feb
8% May
12%
Jan
5 Ms
Apr
18%
163%
6%
Feb
Jan
Oct
23%
100% Aug
5 % Apr
111%
5% May
109% Mar
8
40
Apr
May
147
10%
3% May
Apr
1%
Apr
5
24 Va
Apr
Mar 15
126%
Jan
7%
Dec
43% Mar
Feb
Jan
Jan
151 Ms
61
Jan
Dec
166
% July
38
Dec
July
%
Jan
12% Dec
57
Dec
4% Nov
30%
136
Oct
Dec
15%
Jan
60%
Jan
1%
Oct
3 Ms
Nov
30%
Oct
46%
4
7
„
Jan
Jan 15
Jan
7
Jan
7
Jan
7
78
•
78
78
78
12%
>
12%
12%
12%
17%
*125
17%
128%
17%
'125
78
17%
78.
12%
v
123/4
17%
600
8%
8%
8%
8%
8%
26 %
26 Vb
26%
26%
27 %
!
12%
15%
15%
12%
102%
102%
108
23%
16 Va
12%
16
*15
16
*15
16
109
-107
109
*107
:
23%
15%
16
23
:.V;.,100
23%
23
23
1,600
15%
108%
108 %
108%
32%
31%
32
.19%
32
31%
108%
32
19%
19%
19%
32
•
4
4MB
108%
32
32
*15%
15%
15%
*108 %
;.
1,400
110
31 %
*108%
32
110
31%
31%
19%
19%
*19%
*31%
32%
31%
1,400
31 %
400
Jan
Dec
24%
Apr
32%
preferred
—
conv
preferred
No par
No par
100 7.
l_1
100
,
Kayser (J) & Co
.
,-5
Keith-Albee-Orpheum preferred_100
Kelsey Hayes Wh'l conv cl A
1
31%
31%
1.500
Kress
31
3,700
15%
15%
15%
*15
15%
*15Va
15%
70
70%
69%
70%
*68
69
69
67%
67%
28 %
28%
28
28%
*27%
28%
27%
27%
28 VB
28 VB
1,100
19 VB
19%
19%
19%
*19
19%
19%
19%
19%
19%
600
38%
97
39
27%
*118%
120
*7%
7%
1%
2
38%
15%
15 %'
*67%
38%
39
26%
27%
V 27
118%
118%
7%
7%
39
7
iv
1%
1%
1%
17%
17%
17%
30%
30%
17%
30%
30%
30%
*21%
21%
21
35 Vb
35 VB
35
41%
41%
8%
8%
21
20%
34%
34%
41%
41 %
41%
8%
8%
Va
8%
6
C'
270
-
:/
90
'
700
2,700
30'
••
7%
2,500
1%
,
2,000
17%
1,600
30%
v
1%
17%
i
20%
35
OO
7%
1% .V ,f
41%
*
30%
17%
27
27
':Vv''
7%
17%
18
383/4
38%
27
■'
*118 Va
'
17%
'
No
No
No
No
Kroger Grocery & Bak
30 Ms
167.
Keystone Steel b W Co
Kimberly-Clark.
'•Kinney (G R) Co—
$5 prior preferred
Kresge (S S) Co
Kresge Dept Stores
30%
31 %
30%
1%
Kennecott Copper
•
30%
31 Va
30%
~7%
nfc.pfd A—.
31%
30%
30%
39
Co
30%
2,600
20
20
1,100
34%
34%
41 %
41%
2,500
8Vb
29,400
8
800
(S H)
Laclede Gas
Lane
Lee
& Co
Lt
Co St Louis
(The)
Bryant
Rubber & Tire
Portland Cement—
preferred
JLehigh Valley RR
Lehigh Valley Coal
6ft conv preferred
Lehigh
4%
conv
var
par
par
par
1
No par
10
-1
No par
No par
—
preferred
5%
Lambert Co
1
———
—
2,300
31
27%
B
.2,600
30%
89% Jun
2
50 %
May
73%
100
100
No par
No par
5
133% Mar 17
122% Feb
5%
20
7 Ms
83
ii%
103%
15%
1
8%
;
.
Jan 2
Jan .7 4;
Jan 13
Jan 12
Jan 2
Jan 11
Jan
4
Feb 26
9% Jan
4
Jan
5
64
Jan
61
79% Jan
May
7% Aug
Feb
113
Aor 24
35% Apr 8
19% July 7
July 6
31%
32%
2%
10
6
4
3
9
6
16% May 21
Nov
11%
Feb
100%
11%
Jan
Jan
93% July
103%
Dec
14%
Dec
6
•
r
7
10%
4%
Apr
26%
Jan
9
May
100
105
Jun
37%
Jan
Apr
15 V#
Dec
Jun
29
Jan
1%
Jan
2%
30 Ms
Sep
40%
Feb
Mar
22%
Jan
2% Jun
3%
Jari
17
19% May
27
Jan
29 Ms
Jan
Apr
7% Apr
21 Ms
11% Jan
11% Jan
7
19% Jun
18
39
July
1
4
27% July
1
27
118% July
7
2% Jan
2
No par
50
11% Jan
8% May 19
Apr
8% Mar
15%
Apr
18% May
2%
12
30% July
8
17% Apr
5
14% Jan
6
22% Jun
Corp—No par
Llbbey Owens Ford Gl——No par
Libby McNeill & Libby————7
23% Jan
8
36% Jun
31
Jan
12
5
Jan
2
26
7'
Jun
28
8% Jun
17
42
Jan
Jan
Jan
Stores
23 Vb
Jan
If Dec
Lerner
Dec
1%
8% Jan
24
Dec
Jan
5
—1
Dec
11%
28'
4
20% Jun
(The)
Lehn & Fink Prod Corp—
May
Sep
113
6
Lehman Corp
41 Ms
18
Jun
1
2
13
Aug
104
2% Jun
IBJan
Feb
22 Vb
7
27
Dec
V4 Jan
11%
72% May 21
Jan
•
Sep
24 %
29% Jun
20
Oct
Oct
29%
4
26 Ms Jan
Dec
May
Apr
16
7
107% Jan
13%
124
7%
Jan
25
100
50
Jan
Jan
17% Jan
35
11
81% Dec
8
29% Apr 6
12% Jun 25
102 Ms July 7
ib
Jun 5
108
Mar 11
> 24% May 11
16% May 11
23%
10%
Dec
6
Mar
May
July
May
Apr
July
May
Jan
Nov
24%
5
32
5
47
129
17% May
53% Dec
6
117
10% Apr
|o*. Jqn 29
28% Jan
7
15 Vs
25
1%
34%
18%
2%
23 Va
24%
Jan
17% July *7
2
Jan
2
Jan 13
Jan
6
Jan
2
Jan
2
Feb
1
Jan 2
Jan 4
122
125% May 24
xl2% Jan 19
10
& Furn
10'/a
30%
Jan
107%
12% Jun 25
22%
30
Nov
33%
May
4
10
30%
10%
85
8% Jan
22%
30
Jan
Nov
18% May
Apr
10%
30%
Jan
138
5
Apr
22%
10%
5%
8
82
200
22%
Apr
9
65
200
9%
July
8
3%
22%
109
7
47%
9%
19
64% Jan
3%
22 Va
reD
54% Jan
Steel
*46 Ms
22%
33% May
96 Va Mar 30
100
pref series A—l—
-100
5ft pref series B conv—
—.1
Joy Mfg Co
4%
10
page
26
100
5ft
47%
9%
16% July
12
par
127
.145% Jun 10
.
267/s Apr
*3%
22%
see
9% Jan
1
5
7
*46%
9%
Jan
19% Jan
4%
22%
*118 VB
135
1
No par
46%
9%
Nov
3
27
*3%
22%
Nov
32% Apr
Jan
46%
46%
Nov.
7 Vb
5
,
4
46%
7Vs
27% Jan
No
47
*45%
Jan
Jan
11
126
Kendall
21,100
20
Oct
1%
2
95
21
Class
l-v-sb/
■
94
39% Oct
10 Va
Jan
5 ft
•
109
23%
26
•
Apr
Kaufmann Dept Stores
10O
170
102
102
Feb
104'/a
70
4ft
800
12%
*11%
102
*107
23%
15%
*11%
"100
*15
15%
*107
108
12%
102%
*99%
Feb
32
Apr
L pf ser B
Kansas City'Southern—
3,600
*
48%
Jun
Kan City P &
26'/a
Mar
May
May
May
Apr
7%
-'
Kalamazoo Stove
129
*125
39
26
44
6%
preferred
Jones «fc Laughlin
;
900
17%
129
8Va
*12
r
2,000
.
5
36% July 9
48 V2 May 19
108% Jun 21
16% May 10
16% May 10
16% Jun 29
110 ' Jun 19
7
88%
Manville——
Johns
400
26 Vb
footnotes
Oct
10% Sep
21
'
4% ft
1,700
25 Va
25%
63
8%
19%
31%
For
Oct
2
'
1%
4%
Jun
Preferred
26%
16MB
'
Nov
Mar
18
Jewel Tea Co Inc
132
*130
6%
23%
*7VB
9%
23%
42
4
Co
Jarvls (W B)
100
26%
12%
27%
Jan
90% Jan 14
.—100
.
$6 preferred—.————
1,400
109
109
8%
101%
*33%
1% Apr
10 Ms Jan
Dept Stores
Preferred
17%
*16%
'
62%
15%
Dec
5% Nov
—No par
Island Creek Coal
109
17%
'
25%
*4
Jan
1% Aufe
5% Aug
23%
1
Intertype Corp
400
16
109
—
86%
86%
V/
*142%
145
*142%
62%
31%
Jan
May
2%
5
60% May 3
11% Jun 11
70V2 July 9
•
v
145
19%
13
Jan
32% Jan
13% Jun
2
2
4
Jan
Jan
.
102Ms
6Ms
6%
9%
No par
No par
No par
Foreign share ctfs
2,700
40
28
36
100
preferred
Intern'l Telep & Teleg
36,800
•
No par
*
7ft
14%
109
_No par
-
Silver———150
International
200
44
*41%
14%
*105
International Salt
.1,300
36%
36
14%
17%
31%
136
Apr 12
8% Jan
:
5%
6
July 2
6% May 11
45:,/4 Jan
3% Jan
37Va Jan 11
100
preferred
conv
130
—100
/—
'
Apr
^
67
32%
•
Jan
3% Jan
.
Mar 25
19
5%
Oct
Feb
4Vs May 10
5
33%
11%
9
8
5
5%
*135%
20
11% Jan
32%
138
5
.
55% Jan
-
5%
11% % 12
38 Va
115
9
9%
173
74%
173 Va
5
—
33 Va
*135%
28
21
2
2
20
Sep
4%
2
May 6
July 9
Jun 28
Apr
7
Feb 9
July 9
Apr
8
July 1
July 6
Mar 29
Mar 29
Apr
6
July 9
Jun 28
Jun 24
100
1
& Chem
preferred—
4ft
par
class A
Jan
Jan
Jan
Jan
Jan
Jan
Jan
.
—100
—
21%
106
7
\
6
144%
56%
162
5%
25%
*107
:
v
No par
Machines
Harvester
173%
Jan
.
No pat
-
75
15%
8 Ms
5
Va Jan
No par.
—No par
6
6
6 Ms Jan 27
32%
*16%
16Mb
Intercont'l Rubber—
Interlake Iron—
4,500
173
173
173
71
12%
VV ^ 15%
*23 Ms
10
5%
14%
101
Corp——_
preferred——
6ft
62 ; Jan
par
33 Va
Y
*12
No
Interchemical
1,500
9Va
172
72%
172
173/4
16%
.
—
% '
8%
66%:
15 Va
17%
:•)/'
115
7%
9
8%
17%
138
18 Ve
44%
100%
16&%
158% Apr 17
10Q
Co
'
*7% :•; 8
7%
37
.
*113
115
*113
115
f
Steel
Jan
88
par
8%
66
16 %
*11%
No
*8%
17%
107%
*14%
Ingersoll-Rand
'6ft preferred—
8%
66 Ms
31%
♦107 Ms
2,700
20
17%
*1063/4
*25%
96
Inspiration Cons Copper
66%
15%
8%
11 Va Jan
32% Feb 19
2,500
18
31%
*125
No par
No par
13%
67
5%
2
Indianapolis P & L Co
Industrial Rayon—
13 Va
2%
13
2,100
13%
*170%
9
3,800
13 Va
7%
Jan
18 Va
13 Va
37%
16% May
106
Feb
34%
16%
31 Ms May 5
48
May 10
42%
vv
13.
♦113
11% July 8
2% May 10
Feb
Apr
% Jan
29% Mar 30
2
2
Apr
May
2 %
10% Jun 17
7
7
4
Inland
*8%
8
115
29% May
2%'Jun 18
7
-
■
2
7
—1000
ctfs series! A—
Dec
96
2
5
Jan
37
20
2%
31%
*130
Jan
30%
9
8 Ms Jun
41% Apr
Jan
8
100
——100
3,700
72
*108
109%
86%
RR See
4
18% Jan
100
preferred series A
Leased lines 4%—
75
172
*15%
♦106Vb
200
6%
'
July
HlVtJuly
4
% Jan
4% Jan
22% Jan
4V2 Jan
Jan
;
.-1
172
73
*41%
120
*29%
145
6
12% Dec
110
'
•
35%
16%
100
I
74%
173
69
M
44
♦16Mb
U V*
*165
42% ; 42%
i
68%
♦42% V 42%
*107
9t Manhattan
30 % Jan
preferred——,————100
Illinois Central RR Co——
500
95%
95%
57%,
10%
•
5
Bay Min & Sm Ltd——No par
Hudson Motor Car—
No par
800
42%
172
*165
10%
57
15
95%
95%
172
12 Va
12%
10
25
c
Hud
8,700
29%
V'«?VT8
t
v
Jan
105
Mar 10
3% Jan
2
100
Texas
74%
173
*135%
56%
5ft
of
72%
8Va
32%.
138
6
1
66%
.
Jan
8
*Hupp Motor Car Corp—
14%
'
*10%
11
18
5%
Dec
Apr
115% Jun
72%
9%
:
2%
€9
7%
18%
2
71%
9
*171%
•
95
♦165
72%
17%
Nov
22
13%
♦170%
17%
Deb
Ndv
Jan
*
2%
15
17 >:
29%
-
Jan
Jun
71%
38%
172%
14%
*14%
*10%
114
2%
;
10%
172
172%
Mar
Jan
No
4,500
46%
14
*
17%
9%
9%
35%
45%
S
2
46
14%
29
45 Va
43%
*7%
73%
*41%
13%
28%
95%
'
29
14%
28 %
45%
16%
37
173
66
35,100
43
114
8%
32%
10%
2
16%
*8%
114 Ms
*135%
10%
•.
2
42%
*94%
9
5%
11%
1%
16%
*165
37
♦66
10%
l7/a
42%
13%
9M4
11
43
13%
.
7
No par
B__
Houston Oil
2,800
16%
71%;
2
Oct
Dec
102% Jan
12% Mar
18
28% Jan
Dec
48%
13
—
Household Finance
300
26%
*10%
13%
72%
9V4
26%
10%
71%
*170
*8%
44%
71%
f
2 Va
8%
26%
2 %
9%
*28
13%
2Va
2%
8%
*26 '/a
2%
16%
95%
35%
f
26
43
,
8
8Va
35%
10%
166
*7%
7%
35 Ms
-45'
-
44%
16%
*8%
77/a
36 Va
28 %
14%
28%
43
37
1%
2
14%
16%
94%
*8%
26 %
1%
43
165%
2%
2 Ms
8%
10
11
'
.
25%
44%
441/4
36 Va
261
14 Ms
*10 Ms
7%
8Vs
36-
28%
14%
*28
Mar
' 16% Jan
.
75%
134
-
115
Howe Sound Co—w—
15%
8 V2
2
79
•
Nov
par
No
36
44%
7%
10
'
30% Mar
1
'
9 Ms
Feb
Oct
Feb
14%
12.50
7%
36
44%
36
26 V4
Apr
'Jun
158
100
Holly Sugar Corp—
120
preferred
Homestake Mining
45
•
*115
120
36
*110
26 V4
51
125
87
135
4
10
Hollander & Sons <A)———5
4,000
.
•
15%
15%
16
10
„
(Del)
*115
35%
*2
2
Jun 23
July 8
Jun 29
111
The—!_
(C E)
Furnace
Holland
120
36 y4
15%
2 Ms
Apr
167
May
'
*115
44 Ms
9%
10V4
5
Hires Co
14%
3
Jan
Hlnde <& Dauch Paper Co—i—
*15%
17% July
100
100
14%
Apr
66
600
15%
141V2
9
40%
14%
9
Jan
20%
15%
Dec
Mar
49
May
Dec
8% Nov
Jan
5
21%
15%
5% May
May
1%
73
1 Jan
88
58%
130
21%
14%
Jan
Jan
Jan
4%
94%
10Q
——
*39%
SVC 15
20%
*19 V8
20%
3% Mar
%. Jun
No par
cum
146
45
No par
preferred
Hershey Chocolate
$4 conv preferred
0ft
*19%
*19 VB
Apr
80
Jan
16%
Apr
79% Apr
—_-No par
Hercules Powder-
30
135
40%
36
«
*2%
'
1,300
par
12%
2
8
No
;104
8
71
12% Jan
Motors
t per share
'
Apr
,xl26
•
•
Highest
Apr
109 V2 July
5
21 Va
*56
*8%
*108
Hercules
'98
'
138
*110%
152
$ per share
3% May 10
'
Jan
21
8Mb
36
;•
6
2,900
84%
*84
84%
84%
*135
35%
57
8
*113
20
56% Jan
*40
*115
*110
2
2
93'/2 Jan
25
20%
15%
■
17
84%
l%Jan
25
100
share
10 % May 28
9
—2
—
W}————
(G
per
v
„
tHazel-Atlas Glass Co
Preferred
16%
16%
16%
16%
4Vi Jan
86
Jan
,7
Jan
Helrne
165
165
*157
.
400
:
40%
44%
*55
*157
67%
67 %
165
Hayes MfI? Corp,
Feb
230
69
•
109 V2
138
*135
20
14%
$
*43%
V
67%
*67
1,900
;
2%
109
■
20%
36 Ms
36%
2%'
2%
109%
*39 &
16
118
'
2%
21 Va
14%
16
*115
.
900
•
40%
19 Va
15%
14 Ms
.r
9 VB
135
$
Lowest
107% May 15
6
18% July 6
3 ' ; 144Ms May 14
5
7V2May29
2
102
Jun 15
6
13% Jan
100
1
—.—100
1
*20%
2 1Mb
*20%
10
99% Jan
par
Year 1942
Highest
$ per share
No par
preferred
Hat Corp of Amer class A
6 Ms ft preferredHayes Industries Inc
500
6%
109%
2%
109
r
'
Lowest
Par
.
Range for Previous
Range Since January 1
,
No
Refrac
6%
148
*100%
9%
9%
3,400
,
Co *5 pfd
(M A)
Harbison-Walk
*40
*
20
20
;
67 V4
67 Ms
165
*157
6%
*100%
*2%
108
108
108
7
17%
17%
:
«
v
Hanna
107
*143%
7
6%
*9Va
2%
2%
2%
108
108
148
18
148
V
V
STOCK
EXCHANGE
Shares
share
*106%
17%
*100
9%
$ per
share
107
*143%
18 %
6%
101
9'A
9 VB
95/b
♦143%
7*$
*106%
107
18
148
*6%
7
*106 Ms
18%
*143%
148
'
7
$ per
$ per share
share
107
I8V4
is %
*143%
per
*106 Ms
107
YORK
NEW
for
the Week
July!)
July 8
July 7
July 6
■
■
Sales
Friday
Thursday
Tuesday
Monday
July 8
STOCKS
HIGH SALE PRICES
Wednesday
AND
LOW
Saturday
15 Ms Aug
25
Dec
11%
Apr
14% Aug
18
Apr
26%
Jan
33%
Dec
Mar
5%
Jan
20%
4
Dec
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4193
158"
Volume
S per
July 7
July 6
$
{ per share
38%
,
$ per
share
per
*37
38%
68%
68%
68%
72
72%
72
69
72 Va
72%
179%
*178%
179%
27%
27 y4
41%
.1,800
407/a
41
179%
*178%
179%
27%
27%
27%
27 %
41%
41%
41
41'/8
40%
*40
40%
40%
40%
40%
41
*40
*27
27%
:
41'/a
41
V
r
.
51
19 y8
19%
19%
19%
19%
20%
20%
20%
20%
20%
20%
20%
20%
20%
20%
21%
20%
21
61%
*61 %
19%
20%
20%
.
19%
20%
61%
62%
60
60 y2
6i y8
61%
51 Vb
20%
19%
20%
50%
51%
50%
51%
51
51
10%
10%
10%
26%
26%
20%
*161
163
21%
74
l
20
62% Mar 25
4
50Va Apr
63% Jan
73% Jun
4
50 %
179% Feb 18
28% May 27
164 Va
Apr
2
174
22% Jan'
4
24
Jan
7
34 y4 Jan
19
Apr
3
-
20%
74
*161
163
163
21%
21%
7 74
26%
163
:
163
-
23% Nov
Jun
32% Feb
37 Va Nov
4
6
21% Jun 26
11% May
16 Va
Dec
5
25% Mar 29
14% May
24 Va
Jan
62V4 July
6
37
Jan
46% Dec
51% Jan
6
31%
Jun
42
25 Va May
9% Jan
*
16% Jan
75 %k
Long Bell Lumber A
Lorillard
7%
42 y4 Jan
7
37% Jan
11
*
Co
preferred
Louisville
1,300
6% Feb ':4
25
—_
18 y8 Jan
10
Biscuit.
(P)
Louisville Gas & El A__
800
;
par
^.Jo par
No par
Cement Corp
Loose-Wiles
50
21%
74%
No
——
—
6,600
,
*21%
Dec
Apr
22 y8
12'/a Jan
1,800
21%
177
16%
May 27
41
July 8
19% Apr 22
44
15% Jan
2,400
'
Jan
73% Jan
74 Va Jan
__No par
Lone Star
21%
33
Apr
-<-No par
Loew's Inc
10
74%
*74
74
10
26%
,20%
r
Mar
Link Belt Co
3,600
;
S per share
~~No par
Liquid Carbonic Corp
...
Lockheed Aircraft Corp...:
2,300
50%
10%
26%
20%
21%
21%
74%
74%
10
26%
20%
*161
163
y
io y4
26%
20%
/
21%
*21
perihare
38% Jun
70% Jun
Lion Oil Refining Co
8,700
61%
50%
,
io
21
*161
61%
26%
26%
21
$ per share
4
Highest
Lowest
'
10%
26%
*20%
Jan
No par
_No par
Wks_.
Lima Locomotive
700
'
:
30
——,——100
Lily Tulip Cup Corp—-
1,200
7/v
Highest
$ per share
—3
i-25
25
t Preferred
10
400
19
20%
19
Lowest
Series B_._
2,300
Rangetor Previous
*'
Jfear 1942
Range Since January 1 ..-j
,
?.
Liggett & Myers Tobacco
500
41%
*178%
'
Life Savers Corp...
: 100
1,700
v
68%
72%
27%
exchange
,
Par
68%
41»/2
*20
;
Shares
v
37%
,
178 'A
*
*27
179%
*37
72%
72%
*40%
179%
$ per share
37
.
68%
68 y2
72 %
37
July 9
new york stock
Sales lor
the Week
J
,
$ per share
share
*37
38%
.
July &
68 %
68 %
*72
stocks
Friday
Thursday/
Wednesday
Tuesday
I
July 5
share
*37
>
Monday
>
HIGH SALE PRICES
AND
LOW
Saturday
JulyS
16% Jan *
148% Jan
100
2% Mar
27% May
6
15
21% Jun
5
11%
2
12
163
July
July
6
21 %
59% Jan
100
8
75% May 27 V
7Va
Dec
19% Nov
Apr
16% Nov
Mar
153
11% Apr
55% Sep
7:
Va Jan
Mar
128
9
15% Jan'
.No par
& Nashville
11% May 10'
13
12% Oct
Dec
18%
Jan
76%
Jan
M
26%
*25%
>
.
36
28%
36%
28%
29
*13%
14
*13%
18%
19
i9%
♦280
.
13"
320
-
*7%
":-V;
19%*
2%
>>> 2
2%
2%
2% /
2%
6%
6
6%
5%
6%
6%
31%
3-
*24%
24%
j*-'-
^
24
*171%
174
6%
6%
31%
31%
23%
24
41
24 y4
174
*171%
55%
56%
177
*171%
3,700
2,900
56%
6%
6%
6%
6%
6%
6%
*30%
32%
*30%
32%
*30%
32%
*30%
32%
*30%
*106%
'
*106%
—
:
*17%
17%
16%
16%
*106%
17%
*17%
17%
16%
16%
16%
16%
"
-v
-
10
1
1% Jan
27
3Va Jan
2
9
(Glenn L)
17% ;.y:
16 %
I
1
,
5
2
7
24
No par
~No par
3% Jan
5
31% May
1
Wks
...No
par
Jan
Jan
2
2% Jan
7
21% Feb
4
No par
No par
No par
Corp
*111 Va
112 y4
27%
27 y4
27 y4
600
McGraw.Elec Co
*14%
15%
*14%
15%
-14%
14%
*14%
15
*14%
15%
100
McGraw-Hill Pub Co..___—No par
*44 y4
45
*44
44 %
44
44.
*44
45
;
500
Mclntyre Porcupine Mines
24%
,
2,600
'
-
24%
25
25
112%
*112
11%
—
11%
*11
*111
114
*111
I
9%
9%
*82
85
*72%
*82%
75
33%
M
,
*82
85
85
74
74
34
34
34%
34%
12%
11%
11%
11%
11%
42
26%
41%
41%
*40%
41%
26%
26%
*26%
26%
32%
*31%
32%
7%
Vh
75
M-
33
MM
MM
M .
j.
MM
24%
*24%
>
M .
8%
/
*32
8
M
'
MM
73
122
72
MM'
MM'J^V.
;■
28
♦27%
—
*116%
116%
*119
35%
«
MM
;
2%
2%
8%
9
27%
27%
5%
111
MM'-'/'-
116%
*119
123
113
113
116%
113
123:
113
,
.
.
4,800
28%
,
ii6y8
7
112
:
7
110
V:
48%
47%
35%
*33%
23%
35%
23%
.16%
24%
24 y8
16%
*16%
24%
16%
"
:
48
16%
48%
7/7 47%
*33%
25
24%
16%
16%
16%
17%
17%
17%
17% I
28%
28%
28%
28% '
'
„m; '
{}
..
*23
.
.
«
113
10%
*41%
,MM
6
77
73
;
• ..
5%
77
22%
23%
*71
113
•
«.M
..
.v.,
6Va
23
23%
73
*71%
77
76
'
10%
17%
28%"
5%
>,;■
.
MM,' S
43
17 %v
28%
*71
113%
112%
•
10%
10%
43
113%
113%
113%
*112%
43
43
July
3
22 y4
Jun
29
32% Mar
1
21
33%
Oct
30%
Jan
7%
Jan
19%
Dec
Jan
13
34 % Apr
6
24
Apr
Deo
4
9% Apr
25% Jun
8
5
Apr
,
100
Jan
2,
64% Jan
17
13% Jan
13
92% July
% Jan
2
3% Jan
4
17 y2 Jan
12
8
57Va
12 %
'
92
•
% Jun 30
Jan
2
119
Mar 19
20
121
Apr 29
2
114
Mar 10
33 % Jan
14
,
91
Jan
66
8
34%
Deo
48% Mar
Dec
29% Mar
Mar
17
2
6%
5
7
,
7
Jan
9%
Jun
18% Apr
; 31
Apr
3
2
Sep
50
Jan
63
11% Jan
77'
5>
23% Jun 26
62
Apr
73
49
July
5% Jan
July
9
116.
3
Apr 21
11% Jun 28
2
44
12
Oct
Jan
17
7
Jan
13
25%
Jun 25
Jun
Jan
'
11
Dec
12% Nov
20 V» Aug
Mar 29
15
34% Jan
120
Oct
110% Jan
12%
7
111
117% Feb
28%
12
2% Jan
Oct
Oct
53
...
Oct
18
7
27% Jun
9Va Jan
1%
4%
Feb
3
37
11% Jan
14% Nov
Apr
8
217a Jan
Oct
Dec
Mar
23 Va
5
No par
67
Oct
4
31 y2 Jan
Jan
Jun
3%
48% Jun
13
;*
—50
..
May
110
May
112
May
102% Apr
9
Jan
118
111
Apr
A Jan.
1% Jan
4
6
k
Mar 19
108
8%
3% Mar
11% Apr
28% July
•108% Jan
1
Dec
21% July 9
.
:
5
Oct
Nov
59%
l%May
3
115
23%
108 Va
8% Jun 10
14
84,
Vb May
*107% May
19
Apr
9
July
Oct
88% Apr
35% Jan
103% Jan
76% May 6
110
Apr 21
113 Va Feb
4
Feb
—
100 7
16
8.
L
—
12% Mar
7
123
109'
;
2
31% Jun
4
107v
—-1
No phr
No par
Murphy Co (G C)_
1
No par
t4%% preferred
.100
Murray- Corp of America,
—10
Myers (F E) & Bro
..._—No par
3,500
<
42
3
Munsingwear Inc..
290 '
s
10%.
10 y4
*42
4
Mullins Mfg Co class B—
■
200
"
73
73
74
Oct
Jan
Feb
No par
Co
$7 preferred
1,200
Feb
Jan
6
*
290
22%
72
—10Q>
Corp
Brass
Mar
32
58
No par
Jan
77
Dec
par
»~No par
& Co
Oct
Jun
6"
Essex-.:
Wheel
Mueller
4,900 '
77
••*21%
Motor
v
1,500 *
5%;
-
76%
23%
10%
*42
5%
57/a
" 77
43
10%
10%
43
5%
1,100
■
&
Jan
7 % May
Dec
.—10
Motor Products Corp
700 '
,
17%
28%
(J)
x5% Nov
64%
Dec
108
Apr
4%
76
7.
C
No par
Montg Ward & Co Inc.—♦—No, par
Morrell
94
7%
20%
18% Jan
$4 preferred series
tMorris
5,990 '
y8,.
28%
' •«
.
34
24 y4
35
7,500
48%
Dec
110
Jun?
55
-100
—20
$4.50 preferred
Preferred series B
90
123
111%
>:
15%
Jan
Dec
6
No par
Chemical Co
Monsanto
39
May
5%
26
Mar
Nov
8
•
600
lie y4
*119%
'
1,200 7
90'A
Corp
Feb
Dec
9 Va
4
20ya Jan
preferred series A..
Mohawk Carpet Mills
9%
7
Jan
24%
Oct
101
May 21
89
106% Jan
7%
27%
Jan
108%
Jan
5% Jan
No par
..10
Mo-Kan-Texas RR
2,200 v
9%
90
preferred
.Mission
3,100
f
2%
28%
ii6y4
*119%
21%
2%
9
90%
k89
*33%
*33%
.
v
-
'r ;>;
111%
10%
*116 y4
,yy:
MM
73
*41%
116%
'
$6.50
600 '
93%
21%
-
28 y8
28
9oy4
*92
17%,
•>
MM
23%
23%
*71
90%
.
48V4
m
mm
77%
.
'M
■
5%
*76'/a
28
123
48 Va
17%
*
.
2%
8%
90%
«
MM
29
;
21%
19%
2%
8%
■
Minn
2,400
6%
6
.1100
preferred series C_
Mollne Power Irnpl-.
99 % Aug
14
Apr
10
12% July
26
—10
No
6
May
10% Apr
No par
4V4%
7
-J
7%
Petroleum
1st preferred..
cum
Minn-Honeywell Regu
4% conv pfd series B__.
700
'
;
16%
16%
17%
29
20
19%
9%
/ 113% 113%
.
23%
,
92%
2%
*119
...
M._
48 y4
23%
92%
19%
90%
,
113% 7
*33%
7%
8%
116%
M
123
*113
48
7%
19%
>?
m
MM
91
♦89
7%
93%
Q%
14
34% July
..5
Midland Steel Prod
170
72'A
*113 Vb
*92 y2
-7
,*109
w-;
92
.
..
Mid-Continent
900
30
*113%
27%
..
«
9%
,
2,800
24%
12% Oct
May
25% Jun
5
Co
Mar
2
25
No par
Co
Jun
9
10
9
4% Jan
.1
50
Copper
72%
2%
.19%
197/8
.*9
Miami
:
123
72%
7%
*2% y 2%
>;
1,400
30
92
:
91%
91%
Machine
7%
Min Trans
76
7
4
15/
Mesta
24%
7%
Jan
9
400
121
8
6
4
6
14
Feb
conv
Dec
Jan
Jun
Jun
Jan
5%
,
101
176
May
114
27
Merch &
7%
■
24
60
500
Nov
11% Jun
1
32%
*32
*109
♦113%
—
77/a
8
8
.
*113 Va
_
Feb
(The)
1st preferred
27
26%
30
72%
*109
*109
M
•
*113%
72%
72%
490
7.
41 Vb
*40
122%
100
101
Melville Shoe Corp
Mengel Co
22
114
No par
1,000
4,300
24 %
30
*122
72
M-•.
*108
30%
122%
13
t$5.50 pfd ser B w w
50
,
6
6% Jan
67% Jan
11%
7%
24%
30
*122
31%
121
7%
75
27
14% Jan
109% Apr
1
...
No par
34%
Sep
16% May 19
50% Apr
8
25% Jun 28
7
No par
11%
13%
28% Jun
t$6 preferred series A—
10
.
...
preferred
conv
Jan
Nov
113
8% Jan 11
18
Inc
Co
Mead Corp
9U0
.
Stores
7
38 % Jan
Jan
3%
16% Jun
13
V.
—5
preferred
34 %
:
32%
32
2ff%
24%
24%
*30%
_
122
*72
8
24'/a
-
30%
V 30%
*121
j,-
■
-
'
.•
/
88
*74
'
74
■
9%
%
9
6%
10
114
*83
85
34%
■
8%
85
42
26%
MM
26%
*32
*
9%
9%
11%
42
*26%
9%
9%
•
X114
114
.*111%
+5V4%
McLellan
900
11
Jan
19% Jan
,_100
McKesson & Robblns
120
112%
*10%
34
11%
42
'
*72%
33%
11%
MM
;
9%
9%
*112
10%
10%
114
*111%
24%
24%
112
112
11
iiv
11%
""114
.
24%
112%
*112
:
"44
25
24%
25
112%
*112
^
-m
—4,^'
44
104
—1
29 Va
Jan
18
112 'A
Nov
1%
107
27%
Dec
25 Va
46%
9
*111'/a
Jan
34%
Apr
7
27%
Jan
6 Va
Apr
16
112%
Jan
Sep
22% May
19
Aug
19% July
31
Jan
27%
12%
26 Va
162
12% Jan
*111%
11% Oct
Apr
4
11% Jan
27%
/■:'
100
Jan
57% July 8
7% May 29
32% Jun 10
1
100
McCrory Stores Corp...
5% conv preferred
Nov
3%
3%
2
170% Jun
1
McCall
800
Jan
2
>
Jun
8%
Deo
16%
4% Jan
7
Jun
4% Jan
*6%
17 % May
31% July 7
27% Mar 26
5
37
112%
*111
2
165
27%
/:
.
42
11
..10
27%
112%
Jan
100
50a
2%
May 27
7% Jun
21% Jan
.
*27%
*111
% Mar
Jan
preferred:
Stores
9
9% Jan
22
Jan
2% May
5
May
11% May
18 % Jan
1
Jan
13%
27% Jan
35% Jan
Dec
5
11
Mar 24
1
Elec Co
Alkali
8% Jun
No par
...
Jan
21%
19
.
6% July 9
18% Apr 15
16 % July 9
Co
131
Mar 15
19% Apr
3% July
1
No
May Department Stores
Maytag Co
$3 preferred
V
$6 1st cum preferred—
700
16%
320
23% Jan
Dec
26% Dec
17% Apr
9% Nov
,14% May 19 ,
24% Mar 6
8
7%
17%
•
Mar 15
•
2
Mathieson
*106%
_
17%
17%
16%
17%
*i6y8
320*
4
2
I
31%
*106%
Jun.22
6
6'AJan
900
fi%
Jan.
24% Mar
122
3
3% Jan
Master
1,400
6%
10
18/
15% Apr
.
17
14 y4 Jan
v.
<6%
14
6
Jun
25
;
"
*6%
18% Jun
May
May
par
600
57
37
Co
Martin-Parry Corp
Masonite Corp
400
;
135
2
t.—
Bros
Martin
.
.
29
17
Jan
-10
Marshall Field & Co...—
.
i;/
177
57%
57
,,
10,500 7
31%
24%
*171%
2,100
8
Jun
28
__5
Market St Ry 6% pr preferred—100
<
.
41 %
31%
,
7 54,200
.
24 %
31%
23%
55
;
20% Jan
135.
par
Maracaibo Oil Exploration...
Marine Midland Corp—
.
6% »:•
6%
<
>
729,200
v
10
-100,
Manhattan Shirt
'7':
16'/a
Sugar
Mandel
21
31
174
55
55
15%
20%
41*
Manatl
800
167/a
16
r
15%
&: Forbes
preferred
Magma Copper.
Mahoning Coal Co
2,700
6%
.
21%
*40y4
i
2,200
.3%
;
15%
41
No par.
No par
7%
20%
6%,
Macy (R H) Co Inc
Madison Sq Garden
2,400
;
19%
15%
*40%
31%
24 V4
*30%
;
.
16%
No
10 y4
21
6%
67/a
40%
40%
•
_
16 ya
7%
*9%
15%
'
Mack Trucks Inc
t■
*18%
7%
•
20%
15%
6%
16%
16
16 Va
21
.
40%
55
10%
19%
15%
7
*171%
7%
*9%
19%
21
*30%
:i
7%
10%
16 Va
,...
15%
*40
.!>
7%
6
16%
V :
320
*9%
7%
MacAndrews
'
19%
*280
2 Va
21
6%
320
t
14
"19%
v
19%
v.;, 'f
•
is y4
*13%
•
19%
*280
29%
10%
.t'V
6%
16%
29y4
19%
7%
.
2%
20%
14
19%
320
*280
'
*13%
19%
600
2,700
6%
iV-CV,.
36
19%
,
.
6y8
320
29 y8
:
133
35%
■
:
26% V'.-'
26%
*127
•
36%
29
14
19%
19%
-
26%
133
36
'
*9%
8
19%
2%
28%
*13%
14
*280A
—
10%
*9%
*19
,e
1
35%
28%
29% !
36%
*26%
*127
35%
' r-7t
357/a
V:
133
*127
133
*127
26%
*26%
26%
26%
>
.
133
*127
Feb
27
Sep
113
4% Jan
30%
Feb
Dec
69% Jan
May
108%
K
3% Jan
Dec
6% Nov
Jun
39%
Feb
N
*1%
13%
10%
11
13
16%
.16%
16%
HVa
10%
11
10%
11%
12
12
12
12
12
Xl2%
13
22%
'170
174 Va
*20%
36%
10%
V
22%
22%
13%
36%
11%
12
*170
13%
36V2
16%
16%
*11%
,13%
*36 >
36%
16%
1%
13%
13%
♦36
13%
9V8
9%
9%
27%
13%
19%
19%
*13%
13%
12%
*10%
10%
*10%
33% >
33%
*83%
149%
21%
20%
■/>;?
9%
9%
27%
27%
13%
13%
.
19%
20%
*12%
12%
?
10%
t:V 9
*10%
2,400
1,800
1,600
t
20%
20% I
9,000
13%
1,700
12%
*10%
10%
33%
10%
10V4
85
17%
17%
*176%
178%
12%
100
33%.
33%
24 y4
10% i
85
85
17%?
85
17%?
V.
:
* *176
178 !
3,900
7
Oct
Nov
1
15% Jan
19% Apr
19%
1
5% Jan
11% July
8% Feb
12
13% May
3
Apr
5% Jan
Share Corp..: ..No par
17
150
*148%
150 V
150
'
149% 7-v
;
;;
21%
21%
21
21%
V
21%
■y
v
33%
33%
733Vi
33%
y;
33% 7.33%
!>
6%
67/a
6i%
61%
:>> 13%
13%
6%
<
6%
:
21 %
6%
•
;•
•
*33%
•
:i;
6% v
34
6% :
:
■
3,700
7 i
'
61%
13%
13%
:
—
—
27:7,:;/.
79%
83%
83%
6%
6'%:
1
,
82
«m
;
•>.
62
7;
62%
62%
13%
7, 713 %
8%
•
15
23%
*23
26%
27
6% 7:
12,700
63 •••!
62%
•'
*23%
82%
6%
8%
15%
23%
27
■
27
-
v
8%
8%
15%
83 f
'
26%
r-«
77%
83 TV
•-
77--
77
-(
•
14'/a May 26
13
6%
•
,
-
8% •k 8%
16%
23%
23%
1
82%
•!
6%
•
•?
•
*:
•"•*■•
17
23%
v
8%
17-
s
8%>
24,400 /
'92
•:
92
*91
93
-:
94v
*93
:
> '94 v
54 ya¬
t
94
*52%
;ni2
54 '
52%
*112
53%
115
33%
33%
.;
33%
34.
*15%
15%
7
15%
15%
♦18%
*100%
*40
17%
18%
54%
54%
111%
*33
111
•
is y4.-
18%
18%
18
i8ya
100%
*100
100%
40%
41%
.
For footnotes
see
page
167.
177/a
18
17%
•41%/-;
18
18
*100
_■
40%
17%
18
*53 %
*111
■
33%;-
15%
100%
•
•
33 %
41
18
rn
15%
101
*40%
t
33%: y
v
15%
54%
V
112
33
1
-•
7
15%
17%
•
1007/a
100
40%
18%
7
200.
4
Jun
2
60
Jan
12
<
87
6
150
14% Jan
13
22
May 27
8
36
Jan
Jan
30% May
2% Jan
52
4%%
Conv
——1
serial preferred—.100
54%'
112
'
'
33
--
{•.
;
30
1.200
«'
'
15%
2,800
18 y8;
.19% May 27
176% July 3
2
Jun
7% Jun
28
4
7
2,400
Newberry Co (J J).
No. par
5% preferred series A.
-100
Newmont Mining Corp..——10
Newport Industries..^.—,—1
N*port News Ship & Dr Dock.^ju—1
1%
4
14% Jan
4:
28% Jun
9%
57
Jan
5
62
i
9
2
Jan
Jan
2
6"
Jan
3%
54
Nov
Jan
Oct
6%
•May
;
Jan
16%
Feb
63
Feb
51
70
Feb
5
9
7
9
10% Apr
17% July
Jan
4
23% July
74% Jan
4
94
11
Apr
36
45% May
8
7
Jan
;
1
5
37
Jan
2
Jun
7% May
Jan.
106% Mar 31
146
88
;
9% Jan
16
Mar
16% Jan
17% Mar
Apr
Jun
Dec
80 % Jun
2
2%
.
Sep
168
;
43% May
15% May 28
•
July
54% July 7
112% Jan 30
May
2% Mar
.
4%
Oct
5% Mar
11
4
Jan
Oct
9 Va
,
,
Feb
9%
Dec
17
Dec
70% May
28
Apr
75%
Sep
39%
Dec
Mar
110%
Dec
Apr
30%
104
Feb
26% Jan
2
37% Apr
12
8
16% May 29
22%
10% Jan
17% Jan
2
21% Mar 30
15%
Dec
2o->m
Jan
93%
Dec
109%
Jan
23% May
6% Jun
32%
Feb
12%
Oct
.No par
95% Jan
7
New York Air Brakes———No par
27% Jan
2
18 %\
*.30,800
New York Central..—-±—No par
10% Jan 12
preferred
29%
63
500
$5 conv
Mar
Nov
Nov/
6%
,
13% Dec
2
300:
17%
129
Dec
26
72
Apr
May
5
f
40%
145
Dec
18
Jan
11%
Jan
July
9%
17%
5% Jan-
<
100
40%
'
600:
-
I
8% May
11% Jun
6
Jan
Nelsner Bros Inc..
40
•<■■'
Jan
Apr
14% Mar >
3% Apr ;
•
-
4%
9%
15% Aug
7% Nov
8
■
93
*89%
20
Sep
12% Apr
6
Jan. 13
__..'._No par
5% Nov
Jan
9
July
137
Nehl Corp...._————No par
Jan
6%
10% July
160
Natomas Co
2,600
17%!
■
*22% ■'>'23% l
^
V
82%'
'6%>
€ V8
■
3%
11
34 Va
National Steel Corp—...J
?
Dec
25% Jun
l.100
s—4
Jan
16%
14
2
preferred A
Oct
166%
15
9'A Mar 16
4
^—25
(National Supply (The) Pa
3,600
.j—10
'i?$2 cofiv preferred..-——_«i._40
1,800
520
t5%% prior .preferred—......100
2501
t6 % * prior preferred—
100
National Tea Co——-.:
No par
2,100t
26%.
May 27
"
16%
23%
•
27'
76%
7
:.7/' 6% /1 6%
,
•!
21
14
National Oil Products Co.
3,100
13% '13%?
13% 7i3
•
76% ] •77%-:
82% -1:
82%
79
>
6%
— —
15
14%
26%
78
j
x
8%-V
8%
;
ft
61
■
7 *26%
'7.. 79,
■>
v
7
9% Oct
16%
May
12 Va Apr
17% Jan
•
61 y4
May 27
Dec
May
140
x25V4 Jan
National Power & Lt^—L—-No par
300'
■
14% Jan
v
Jun
14% May 10
70% Jan
t7%
40
i
9% Jan
.10
National Lead Co...—
6,800 7
21 y4.
21%
•
10
28 Va
5% Jan
6% Jan
Apr 24
21% Jun 24
Jan
18% Jan
10
149%
*148%
*
13
22% July
173
Jan
—1C
—
"
149%
15% Jan
10
Oct
5% Nov
■8%
6Va May
13% July
8 Va Jan,
i—5
July
t6% preferred B
—.100
Nat'MallSv'l Cast Co..i_No par
60
v
178
"
j
3% July
29 %
National
200;
Deo
3% Jan
16 Va May
162
Nat Cash
4,200
24 y4.
-■
10 Va
•17%
*176
y
10% f
10%
•
10%
17%
y 178
j
5
i85
85
20%
V
i
1
7.
29
..No par
Register
1
Cylinder Gas Co..
Nat Dairy Products..—... ..No par
..No par
National Dept Stores...
..—10
6% preferred
Nat Distillers Prod...——; —No par
..No par
Nat Enam. & Stamping
National Gypsum Co..—^
$4.50 conv preferred.—. —No par
,
13%.
&
1% Feb 11
15Va Jun
40% Apr
100
100
National Can Corp.—
■
27%
13%
33%
17%
9
27%
13%
Corp.._
preferred
Nat Bond
800
27%
..*24% >24%
,
85%
Biscuit Co—_—
7%
13 Va
10%
>10
Aviation
National
21
9
preferred^
National
200
26%
-12%
10%
*176
9%
conv
9,700
20
"
6%
8,700
'■>'
(
;
34
33%
173
7* 20%
Nat Automotive Fibres Inc.,
i
V
22%
22%
173
600
7
v
13%
13%
22%
V
Jun
10
National- Acme: Co__—
2,900 ;7
7,300
1
6% Jan
23% Jan,
5
Corp
tNash Chatt & St Louis—;
:
£■
Vi:
24%
K
7>v.y
6%
13%
22%
80
..No. par
Liquidating Co.
Nash-Kelvinator
21,200
<
12
*11%
21
17%
33%
♦33
11% V7
21
*24
*85
176% *;
176%
♦148%
11%
21
24%
17%
.
16% 77
173
34 Va
10 Va
85%
V 17%
16%
13%
34
10%:.
10%
y
16%
>:
*24
24
16%
*170
13%
f
13 y4
36%
>
1-
20
;
13
36
21
13%
19%
13%
37%
173
27%
13%
13%
*170
9%
27%
13%
Nabco
1% 7
*1%
*36%
.
22%
22%
1%
*1%
13%
13%
;'
21%
27%
•
■
22%
173
*20%
21%
V-,. 24
1%
.*1%
*1%
1%
102
May 6
44% May 29
20
May
5
7% Apr
11**- Jan
.
f
164
RECORD
NEW YORK STOCK
'■
LOW
Y
Saturday
Tuesday
Monday
I per share
23'/a
22
22
•1213A
♦122
*10%
27
*23%
122
'"•122
'
•
l'A
•Ye
1%
3y2
1 Y:
21%
•
217/e
%.
21%
117 %
♦116%
55 '/a
11%
11%
48%
33/8
*21%
21%
%f
"
117
15%
<-•
-
553/4
553A
*55%
56
55%
55%
*55'A
11%
lls/8
11%
99%
99%
*99%
38%
5%
50
153/4
16%
15%
115%
115%
116'/a
23%
22%
233/a
,7 39
39"
•38%
11%
Y
39
Y
39
.
,.75%
5%
5%
5%
5%
5%
*393/8
40 3/8
*393/8
40%
*393/8
*11%
11%
11%
115/8
11%
11%
18%
19%
49%
49%
19%
18%
183%
18%
19%
18%
19%
6%
6%
*8%
20%
150
*33
36
.
Norwalk Tire 81 Rubber
*15
43/8
41%
10%
12%
11%
*11%
■
49
23
233/e
27
5%
6%
16
153
"V7| 43/8
41 'A
423/4
*152 3/4
7-
*15%
4%
6;Y> 'Y
4%
4%
43%
413/4
33/8
3%
*42 'A
*104%
27%
28%
17%
18
18
*17%
4%
24'A
4%
243/a
4%
243/a
4/8
97%
98%
19%
18%
7%
73A
7%
3%
*3%
3%
7 33/8
3%
44%
44'/a
:Y 44'A
44%
*16'%
17%
17 'A
♦16%
*108'A
*109
29 5%
293/4
:;' V 29s/b
5%
19%
39,000
Penn
Central
7%
i,800
Penn
Coal A Coke
At
*16%
7
4*
43'/8
17%
17
*103%
*108%
100
17
*108'/a
-"H'
7"
29%
29%
29%
24%
*233/4
59
24%
*23%
59%
59%
593/4
593/4
593A
593/4
*5%
5%
*5%
5%
5%
.5%
100
46 Va
45%
453/4
x45%
46%
46'A
46% Y
14%
14%
14%
14
14
143/4
143/4
*24%
253A
38
*24%
83/4
9
y
57
38
*37
38
25%
*24%
25%
*24%
25%
*24'A
5%
25%
e va
y/a
y%
9'/a
54%
8%
9
8%
25
253/8
8
25%
8
8
500
37
36%
*
9
*8
;
253/8
2o
25'A
25
*55
♦37
8%
*8
8'A
♦8
600
56 3/4
*55
54%
38
56'%
•55
567/a
383/4
253/a
600
'
48 3/4
23%
89'%
48%
48%
883/4
883/4
89
19%
19%
193/a
18%
19%
19%
19'A
15,300
24
24%
89'%
48%
19%
v
48%
88 3A
24
233/4
24
23%
24
23%
23%
6,400
112%
*112
114'%
114'%
*114
473/4
t 47%
47%
■
*5%
6
*5'A
14
5%
53/4
*86
87
*80
87
*23'A
24%
*23%
24%
♦102'%
120
*5 5/8
*102%
'
*53/4
6
50 3A
51
8
7; 8
77
7*71.
'
8
♦73
•
*102%
6 '/a
5%
7%
183%
*6'/a
6'/a
6%
93%
9%
9%
*90
7
69
69
*180%
V--:
6
9%
•
94
"•».
14
*90
'
*45/8
5'/a
48 3/4
48
♦69
693/4
■
*163%
14
13.%
170
*163%
5%
55%
55
•
483/4
*69
.
7
14%
170
55
*21%
56
*44%
45
4%
/>■;
*54
20
*12%
213A
Y
175
♦160
185%
*1805/8
<
.6
1%
9% 7
9
9
90
90
90
90
48
48
47%'
48%'
93/a
Y
■
*9'%
;
693/4
*69%
13%
; *13%
14
♦163%
170
170
4%
56
4%
52%
>
21%
*20%
*42
693/4
45/a
53
45
14
•
i:
52%
*42
53
45
19%
193/4
20
213/4
*20%
213/4
*20'/a
■
21
:
:
11%
12%
113/4
113/4
12
12
3,300
19%
•183/4
18%
18 5/8
19
19
19%-.
6,800
s
>12%,
4,800
:
127/8
12 ya
123/4
*12%
40'A
*37%
40
55%
54 5/a
*121%
38
55 %
123
♦ •<
12%
123%
13
12%
12%
*12 "A
38
38
38
12%
12%
55%
553/4
55%
121%
121%
*121%
55%
123
38 'A
553%
*121%
13
553/4'
s
16'/s
16%
165/a
16 3A
16%
163/s
16%
16%
i6%;
153/a
15%
16%
15%
16
15%
16%
15%
16
87 5/s
87%
87%
89 >A
90
90%
103%
103'/a
102%
1033/4
103
103%
110%
1093%
1093/4
109%
1107/8
123'%
124
125
126
122
120%
1203/4
•120%
39%
397/a
38%
39%
see
page
*125
167.
/■'
90
103%
90%
104
891/4
104
14,700
670:
110%
110%
110%
1105%
940
126
125%
126
125%
125%
200
1203/4
1203A!,
123
.
*120%
39%
38%
123
39%
38%
39%
5%
5%
,
80
10,200-
conv
conv
Procter k
5%
80
110%
No par
preferred
Pressed Steel Car
;
400:
4,600
1,690
:
No par
Pocahontas—
Creek
Postal Teleg Inc
Pub
pfd
'•'•'
-1
No par
1
5
50
Co Inc
1st preferred
2d preferred
No' par
Gamble
1 ser
t$5
t6%
distributed
preferred
preferred
No par
-
-
No par
:_100
:
t7#
preferred
preferred.—
tPub Ser El k Gas pfd $5
t8%
Pullman Inc
100
of Feb 1 '29)
Serv Corp of N J_
When
13,280
90
103%
Y
-100
100
5
preferred-^.
preferred—
Poor k Co class B
100
'
38 %1
123
B
Pond
.
12%
12%
A
Class
1
:
Plymouth Oil Co__
12
♦12
footnotes
40
900
>
No par
(The):
Co.
Class
520
y.';
Oct
Jan
12%
Deo
30%
Dec
-
'
;_100
<-100
No par
—No par
6'%
•7.
2.
13% Apr
Dec
4%
16 3/a Jan
July
28 s% May
156
.
8
Apr
43% July
70
8%
Jan
6%
Oct
Y-
Apr
"25%
Oct
Apr
16
Jan
21
Nov
Apr
24%
Nov
-
74
Oct
.<
34
Apr
NOV
19,
Oct
•
*•'"•' Jan
121
Apr
101
Apr
-
148%
Nov
4
Nov
1% Mar
6
5%
Jan
9
8
1%
Jan
"•.3Y-
Oct
7
113A
Apr
'27
Dec
Oct
'
Dec
8%
Jan
17
101
Sep
106%
Dec
3% May 19
1
Jan
23A
10% Jun
112% Apr
45
Jun
65%
2-
20%
11
106-1 July
2
90
293% July
9
Oct
38
Apr
Dec
101 Y: Nov
/ Mar
ll'A Apr
17%
Oct
30 % May 27
14%
Oct
17
Jan
23/4 Apr
8v;
32
May 20
,19'% May 22
l'/e
Jan
19'%
Apr
<
July 8
Jan 14
Feb 20
Apr 20
Jan 7
Jan
Dec
■-17% Mar
1%
•h Mar
13:!
Nov
Jan
29 %
Apr
60
Dec
56% May
82
Dec
Apr
*4
XSep
i)
44
1%
l'/a
Oct
Jan
7; 2
32
Jun
44
Jan
11
May
15
Aug
104
Jun 29
Mar 26
May 5
Apr 5
Jun 4
July 2
May 28
July 8
May 18
May 20
,4l3A May 20
45
173%
109%
32%
245%
60'%
6'%
x467%
16'%
58'%
26% May 8
10
Jun 4
8% Jun 28
293% Mar 29
49% Jun 23
89'% Jun 28
19% July 6
26'A Jun 1
90% Jun 3
112'A July 3
1173/4 Jun 4
/ 14
July 1
100
July 3
50
Apr 26
7'% May 3
90
Jun 14
26
May 7
102 / Jan 8
73% May 20
;59
May 3
;
9
Mar 30
77% Jun 5
2'%
29'%
13 % Aug
29
May
60'% Mar
Feb 20
Jan 4 .:
Jan 12
Jun 15
Jan 4
Jan
2
May
18%
108%
Feb
25%
Nov
23%
Jan
47%
Dec
Jan
16% July
36
:
Apr
%
Y
Jan
15% Mar
4
Jan
2%
Oct
30
1
Jun
Dec
7%
Jan
36
Apr
51%
Feb
18
May
29%
Jan
19% Jun
27% Jan
4
.
Apr
5
Mar
6
Jan
22
Dec
"323/4
Jan
28%
Apr
-40%
Jan
49
Apr
763A
jan
"7%
Jun
Xl4ya
Dec
55%
98
.
103
6%
79
Apr
110
Nov
9
Jan
6ya May
65
May
; 80
Apr
-
Dec
107% Mar
May
Jun
30
Dec
46
Uct
Dec
.
Jan 18
13A
43
8
8
6
Jan 25
Feb
3 3%
15%
Jan
47/a
Oct
6'A
Dec
Jan 14
B.V.'Y
."
•
7 s% Apr
4
. 153% May
7
165
' Feb
f 170
Jan
9 <170
Jan 9
165
May
175
Jan 21
181 ' May 20
3% Dec
>[A
Jan
4
/ 67% Jun 7.
4
May
( 4% Jan 13
10% May 11
47% Apr
597% Jan 5
90
July 8
20 j
Jun
7 24
Jan 13 A 52'/4 May 12
58
Jun
66 s Jan
4 ! / 75 -Mar 31
6'% Jun
(.7% Jan 2 : /;i67% Mar 29
153
July
150% Jan 4
162
May 18
;i'.: .1% Jan 8
5% May 29 ,;
—
B 29
Jan 30
t 61'% Jun
1 .
20
Jan 28
; :46% Jun 14
—
Jun
•" 14'A Jan 2
21'% May 12 ,
11'% Jun
..
18
Jan 18
23% Apr 5
15%
May
4
Jan
7
13
Jun 1 .
3'% Jan
' t
16'% Jun 21:
22'% Mar 3
9'% Jun
/
63% Jan
6
133% May 29 7
5%
,
65% Jan 14
i 13
Jun 46'% July
Jun
243/4 Jan 4
407% Jun 3 .
22'% Feb
{'. 48'% Jan
4
.
57'% Jun 8 ,
42 , Feb
1143/4 Apr 7
123
Feb 13 ; 115
Jun
11% Jan 6
177% Apr 5. .
9%
137% Jun 21
16'% July 6
-75'% Jan 20
; 90'% July 7.
Sep
38%
July
563%
Nov
19% Oct
i
3 Y< May
26% Apr
4 3%
Dec
65
May
,
4
Jan
Dec
13% Jan,
6% May 10
173% Apr
y 5
57.3/4
Apr
22%
9:
24
' May
Sep
Dec
Mar
r
15%
Jun 24
116
48
7
11
43
,
27%
9%
20
29% Jun
143'%
Apr
Jun
16
25 y2 May 20-
Mar 15
Jam 5
Jan
Mar
6 »A Mar
6
29
Jan
79
Jan
68
■
Jan
•103/4 Nov
165
Feb
175
Feb
51A Jan
.
preferred class B
preferred class A_
Pittston
400
:
:
No par
•
600
r
4%
19%
,
90
■
15
170
:77 41/2
5#
Dec
; .-34
10%
9'% Feb
;
100
^^-100
>•
5% % 1st ser conv pr pfd
100
Pittsburgh A West Va
100
Pitts Young A Ash Ry 1% pfd—100
7#
430
.
173%
xl67%
8
50% May 20
Jan
5
Jan-13
5
i
1
100
^^-100
'—
.'Pittsburgh Steel Co
1,100
20
70
693A
*163%
preferred.^
Pitts Screw & Bolt
2,100
t
38%
.
-
11% Mar
132
Mar 19
' Apr
13% July
2
5
No par
59
!*,;./>' 4://'s'-'y
$5 conv preferred
181%:
6
6y8
7% Jan
3% Feb
34'A Jan
—No par
Corp
Pittsburgh Forglngs Co
Pitts Ft Way A Chic Ry Co
900
13%,:
175
Y
183/4
123
preferred
Pitts Coke & Iron
120
75
4877
19%
13'A
For
743A
12%
Sep
;i:'v 17'% Dec
Y/Y 38
Mar
433/4 Apr
102
100
100
6%
Nov
—
Jun
July
18% Jan
100
Pittsburgh Coal of Pa
/
1,200
93
19%
12"%
39%
8%
Pitts C C A St Louis Ry Co
.
/
25
800
1
Jan
Jan
8%
110%
•
"
4'%
64
73/4 Feb 17
79'% Jan 5
44
Jan 20
3'% Jan 16
,
—100
Mills
300
•■•:/'
8%
Hosiery
Pillsbury: Flour
100
48% &Y;
8
-
Preferred
Y 10
.
sY
5% VY
5%
48/
74%
6
193/4
123/4
♦120%
6
49%
'i
"■
120
*100
120
Phoenix
400
87
100
No par
100
No par
5
series
-14'% %
preferred
a—
Phillips Petroleum
16,000
24
*180%
44%
*12%
15'A
*86
Corp
7%
20
.
6
6
■
*233A
i:
>
Jan
Apr
42
23
6'A
5'%
23%
37
68'%
187%
133/4
I/ 71
106
p 109%
-
Phillips Jones Corp
1,000
,7:;
473/4
47%
6
86
100
:
140
13%:.
*90
24%
330
114%
*13
47%
Y
—100
,
——3
Philip Morris A Co Ltd
10
tPreferred 4%# series
100
Philco
600
,
.
112
*112%
13%
97
123/4
6%
44%
12%
153/4
113
*160
183%
:
18%
54'%
7
*20%
,
12
♦39'%
89%
89%
110
74%
-
193/4
45
18%
*121%
89%
112
100
89
*883A
""
♦133/4
20
y>;
8
75
175
*180%
*4%
7 8 Y:./
♦160
6 3%
*44'%
*5%
♦48
48'A
48%
89
prior preferred
:
183%
♦163'A
*100
5%
13
*180%
48 3A
6
86
*233/4
120 "Yy
13
175
98
5%
75
*163
9% /■
47%
24%
133/4
175
*48%
48
75%
*163
*88
133/4
: *90
49
48
8%
133/4
133A
♦13%
120
1
Y.
87
24%
50
50
112
14
99
4734
*86
112
114
133/4
*90
48:
89 %
114
113
>-
100
*90
100
100
89 3/4
89
*112
116 %
13%
14
*13'%
90
114
*89%
112
%
48%
*88 %
50
5
100
100
No par
5
Pfeiffer Brewing Co
No par
Phelps-Dodge
Corp—.
__25
tPhiladelphia Co 6% preferred
50
t$6 preferred
No par
Phila Elec Co when distributed
11,000
Jan
14
96
Jan
Apr 24
.
33'% Jan 4
13'A Jan 6
108'A Jun 18
23'% Jan
2
17'% Feb 9
463% Jan 9
l3/4 Feb 9
28'% Jan 6
.
5'% Jan 6
34'% Feb 18
/ 19
Jan 27,
Petroleum Corp of America
900
,8
•
I
Apr
58
Jan
<
I
100
100
6 % preferred
Pet Milk CO—;
88 3/4
48'%
48'%
*88 '/a
,
3,900
243A -25'A
10
par
No par
No par
100
Pepsi-Cola Co
Pere Marquette Ry Co
32,000
.
2
21s% Jun
•
6
4
199'A July 7
20'A July 8
9
Mar 3
33/4 Mar 26
.—No
$7 conv pref ser A
preferred
Pennsylvania RR
Peoples Drug Stores Inc
Peoples G L & C C (Chic)
tPeoria A Eastern Ry Co—
1,400
5%
52%
53
i
Nov
Jan
.
2%
7
10% Jun
6'% May 22
Corp
5%
—
59%
14%
*54
—
24%
44'A
*37
':
11'%
Jan
59
4
Mar
5
No par
Co__
17
2%
Jan 12
Jun 14
Jan 11
July 6
Jan
6
Jan
6
Airlines
Penn G1 Sand Corp
9,700
293/4
14%
14%
.Y:
30
29%
•23%
29%
•
500
44
Feb
Jan
116%. Sep
■
Jan
38
23
55
80
18
3'A
13A
10
No par
Cement
Penn-Dlxle
300
3%
3%
3%
(J C)
Penney
;
6 3%
2
2
13% Jan
2.50
Enterprises
Ford
Penick &
2,000
44
43 y2
1
17%
Y Y
99
19%
7
*5%
60
.
*5%
""-A
99
*3%
45
*16%
99
.20%
24%
•
60
*43Va
V
57
*233/4
24%
*233/4
•;
57
7
1
Dec
192
.
•;:
7% Sep
7
7
Patino Mines &
573/4
7
:
Apr
20 "
2
Parmelee Transportation——No par
200
Apr
8
l'AJan
2,400
24% I;
■
23%
.
.
Apr
!
31%
27'% Jan
16
Jan
Parker Rust Proof Co
900
100
1
3,000
.5%
5%
193/4
7%
•1
17 5/8
OCt
Apr
4% Jan
No par
& Co
Davis
24'A
*57
19%
73/4
Utah Consol Mines
Parke
98%
99%
983/4
*7%
*3%
;y:
Park
53/8
24%
Inc
1,800
.
31%
175/8
175/8
Pictures
-
A Tilford Inc
24%
5
573/4
98%
•
173/s
/Y
24 3/a
573/4
98%
18
5
preferred
5,100
2%
::
30 3/8
315/a
30 5%
17%
24%
Y
573/4
•57
58J/a
2'/8
31%
2
2%
*2
2
31
:-:YY
317/a
Apr
.
39
8% May 22
90
17 % Jan 22
No par
Inc—i
Cos
conv
Park
'
2
2
313%
4%
Paramount
25,700
31%
•30
31%
*30
•
:
29%
28%
29%
28%
28%
31%
*30
31%
*30
2y8
Paraffine
'
106
"104'/a
106
*104%
106
39.
:
151
1
5
5
Transp
81
Pan-Amer
fPanhandle East P L 5.60% pfd_100
Panhandle Prod 81 Ref_.
-1
100
44
•
No par
:i20
6,200
Sep
YfY 303A Jan
6% Mar
5
100
—1
Corp,
American Airways Corp
Petrol
193% July
Jan
4
Jan. 2
913^Jan 25
148
Jan
5
3'% Jan
2
9
Jan: 4
2% Jan 2
23'% Jan 20
7'% Jan 16
105'% Jan
2
2
Jan
2
35'A Jan 12
100
Jan 22
15'% Jan 12
800
3%
*4-
Pan
22,000
.
Oct
2%
Mar
15
19
■
_1
—10
Packard Motor Car
>
10
Jun
.
Feb
IS
Y' .%
Mar
7
Apr
503A July
/
2
2
33
par
xl00
100
Pacific Tin Consol'd Corp—
17,600
!
41%
33/8
3%
3%
3%
■447:7
—No
Pacific Western Oil
lift
1J^
%
10
'<!
IV
10
10
10
10%
110'A
Telep & Teleg
x
preferred
——-Yii,
*,
No par
:
•
1,300
4%
413%
43%
10%
ioyv2
&
-
—25
Electric
fPacific
16%
19
Feb
vJan
•.:■;
•
Jan
8
23'%
14%
10
23%
i
Mills
340
%
Dec
;
54
f
.
% Jan
155% Jan
;
—
Ltg Corp—:
24.300
Jan
32
123% Mar 25
6
6'% Jan
_5
—10
;
Gas
•
y
6
4'A
Co
Pacific
t>U
16
43/8
io'a
42»/2
5%
*153/4
6 7.'
16
153/4
152 3A
1523A
153%
53A
:
16
110%
106
7 116
*114
Coast
Pacific
y
U4
114
Dec
22
54'% Jan 12
12.50
Co___
Qlasi
Pacific
'
23%
142"
Jan
283% jan
,
.
500
27
115:
151%
152%
43
26 3A
Y
—No par Big 46
8,200
29% ;
43
26%
;45
15
2
100
5
2,000
28%
425/8
Jan
8% Jan
3'% Jan
No par
-No par
Pacific Finance Corp (Cal)
—10
,
29
*26
26%
114
115
16
42%
42'/a
26%
«■'
*15
Y f109
6
1005% Jun 25
2 > 185/a May 6
2
116% July 7
Jan 19
.'23% July 8
Jan
6
40. Feb 15
Jan' 14
5% Jun
7
:/
...—L
preferredpreferred-
2d
170
23
28 3/4
28%
♦42
,:
.'•'23-jf
16
*15
16
28%
28'/a
42%'"
*48
49%
233%
*15
16
28
31 y2
17%
493A
1st
May
143
Jan
Jan
%
Feeific Amer Fisheries Inc
630
110
80/:
Jan
29'% Jan
3% Jan
69
Jan
No par
preferred—
'Pacific
170
-
Dec
Apr
No par
Elevator
Owens-Illinois
3,500
11%
"49
60 %
85%
6
:
tOutlet Co
3,100
"
23%
233/a
"So.
>
13
13
♦11
ll5/s
49
4? ;:v
'
31%
*57
13%
11%
*104%
313/a
24 %
13^
3%
28 V4
4%
13%
42 %
106
*2
13
63 3/4
•62%
11%1
10%
3%
•30
633A
41%
43%
28
63%
110
110%
104 y2
•;
633A
4%
41 %
10%
*3%
63
6
4%
*42
633/4
•15
153/4
»110'A
59%
152%
6'%
*15
*57%
"114 ■*
152%
•
59%
27
114
6
36%
*57%
7*42
27%
♦152
*34%
59
28%
28%
*113
36%
Dec
16'A
Dec
llVu Jan 13
preferred A
>6#
•
Jan
6 3%
Apr
$ 108
4
8
Feb
Feb
15%
May
4
9%
—6
100
(The)
Outboard Marine 8t Mig
*57%
* 15
■>
42%
27%
70
36%
*34%
23%
16
4,100
'
150
57
11%
23%
28%
20%
20'A
150
-■*:'
Otis
17'%
51
t
12 3%
8
No par
Equip
Oppenheim Collins-
36
49
♦23
*42
150
13 )X
-
49
49
8%
63%
11%
Omnibus Corp
8#
'
5
No par
1,100
20
31
;
Jun
0
Oliver Farm
87%
*83/4
57
13
12%
*11
87%
203/4
20%
*147
149% 5
,—No par
_50
4,600
>
9
•8%
par
50
Ohio Oil Co
•
VA v
87
87
.
No
-Norwich Pharmacal Co.^—_u-.>2.50
9,700
■
493A
-
•:'';:7YY'
-No par
Preferred
*34%
*34%
63%
63 3A
7%
20 3/a
205/s
149%
57
*56
*
21%
148%
*49
50%
63A
88'%
*8s/a 7 -9
'
148%
20%
20 %
*148
9
*8s/a
9
49%
•87
88%
•87
88
*87
63/4
V 6%
67/a
:s
6%
50
50
50%
49
91%
7%
107
16'%
36
x3%
/;
900
405/s
113/4
1:11,
19
Y
2
50
Telegraphs
56'A Jun
56
Jun
14% Apr
5
9'% Jan
300
53/8
Y
49'% Jan
487% Jan
100
Lines
Air
99A Jan.
tv,
9
9
5 1 118
Jun
7
7 ;:1il6% May 10
1
,tNor States Pow $5 pfd
Northwestern
1 Jan
Highest
$ per share
Dec
15% Apr
5 :
<38
July
2 t/ 186 Y' July
50
50
!
Northern Pacific Ry
.Northwest
113
~
.
10% Jan
.
162'% Jan
•
10
*
preferred, series
preferred series
Northern Central Ry Co
190
.
1%
100
North American Aviation
10,400
23
39
39
39
'fr
,
6 %
•
6% %
'
223/4
preferred™.^.
4%
A
:t
5
100
.
>
28y«
.
_100
Shipbldg Corp part stk—_._1
tAdjust
.
-
90
116'/a
*115%
23%
23%
Y
North American Co
21,100
'16%
113/4
11%
»
90:
102
-
Jan.
t
preferred-^
Noblitt-Sparks Indus Inc
tNorfolk & Western Ry
8,900
16
23
106
700
-113/8
'
20%
63'/a
,101
*
N
400
553/4
55%
50
.
Conv
36,100
Y
553A
:
•/
60
IN Y Ontario & Western
1,500
Y
;
preferred
16%
.
100
200
>
40 5/8
53/8
•39
-40%
■
63%
par
100
3,400
•
•1:»
;
55%
*99 'A
116
116
•'
16%
15%
-
16%
15 S/b
15%
213/4
38 3/4
5%
1,260
117
(,.r;
100
*99%
100
115%
16%
186
117
553/4
11%
21%
200
'
16%
56%
11%
115%
21%
38
184
<
117
*116'A
■
16%" IB 16
153/4
38
•
183%
183%
183%
♦116%
21%
11
21%
37%
*37
38
♦36%
••3%
5
JN Y N H & Hartford
4,700
*3A
•
27
—No par
non-cum
11%
35.
27
143% Jan
tN Y Lack & West Ry Co
320
,
3%
%
213/4
f
1%
3%
3/4
10#
49%
Jan
313% Jan
-No
preferred.
N Y.ii Harlem RR Oo
310
>
1%
1%
5%
;
11
100
1942
$ per share
25
July 1
;69% July 9
26
May 22 f;
Jan
4
*
12 ■ Apr 26
Jan
2
27% July 1 1
Jan. 7
123
July 1
Jan 22 •
124 .'July 2
Jan
6
533/a* Jun 10
Jan
2
2'% Mar 1
Jan: 4 i ^ 6 ; Mar 1
Jan. 4 '
1B% Mar 3
Jan 14
263% May 7
100
No par
NYC Omnibus Corp
New York Dock
200
Highest -••■'■
Lowest
.
t per share
t per share
Par
preferred series A
6%
■
126
49
49
1%
55%
>
•115%
♦11%
*123
iy4 ;
183
122%
121
126
vv:i.y;
Year
Range Since January 1
,
'.••••'■Lowest
N T Chic & St. Louis Co
500
•
3%
*213/a
7 11%
100
••
263/4
~
;
:
5,000
I
y
56%
55 %
♦39
11'A
26%
•55%
,'56
100
*10s/8
*25%
123
•"*3/4
7
11
*23%
•
EXCHANGE
2,400
223/s
121%
•1%
16 3/a
153/4
15%
15 %
56
v
*123 7-
•'■'"3%
117%
Y
22%
11
>
50
'
1%
3%
%
21%
182
•116%
■
•
•
69%
*22 %
126
50
:■
37 %
37%
182
182
"
!
>
3%
-
37 %
•35%
V182
:-rr
51
243/a
67
68 %
122
122
•
l'A
3%
'
233/4
23%
r
share
Range for Previous
<..-i
STOCK
NEW YORK
Shares
>
t per
STOCKS
for
the Week
-
,
22%
■
27
•*125
126
50%
50 %
l,:
•July 9
share
66%
i
22%
11%
22%
223/a • ' 7
11% 7 7
1213/4
126
50%
67
•24%
122
23
23%
65%
*10%
27%
•26
23%
68 'A
•22%
H'/a
•10'A
23%
67
67 »A
t per
share
per
'
July 8
23%
23 '/a
66
S
Sales
Friday
•
Thursday
July 7
share
$ per
f per share
,
;
V July 6
July 5
Ju!y3
PRICES
Wednesday
AND HIGH SALE
:■<?
63%
62
Oct
7
33%
Jan
70
.
Feb
Jan
1Q%
Jan
153
-
July
143%
Jan
18%
>
Oct
5%
Jan
21
Sep
8%
;.•
Jan
83/4
Jan
29%
Jan
523A
122
-
Oct
Oct
14'%
Jan
7 86 3%
X99'%
Jan
.
Jan
Jan
Jan
Jun
2
4
4
4
263A Jan
2
857%
: 96%
109'%
Y 1153/4
;
July
1107% July
126'% Apr
,1203/4 July
6
6
6
40'% July
1
104
-
.,
8
Jan
111
Jan
123
Jan
116
28%
.
Oct
Nov
•
Volume
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4193
158
NEW YORK STOCK
Monday
.J^y »
V
July 6
is %
$ per
I per share
share
is y4
t
17%
18%
Thursday-
July 7
>
17%
$ per share
STOCKS
•'
Wednesday
Tuesday
July 5
Saturday
July 8
18 %"
July.J)
;
for
I per share
17
18
113
*110%
115
•111
114
104 y4
1041/4
104%
104%
900
21%
21%
21%
21%
2,500
14%
14
14
*110'/a
113
104
103%
104
•21%
22
21%
21%
21%
21%
*13%
14
*13%
14%
♦13%
14%
104
*14
Range for Previous
STOCK
Range
Pure
9,700
Oil
—No
(The)
Jan
14
100
104% Feb
3
19% May
110% July
92% Jan
2
104% July
—No par
13% Jan
2
10
10% Jan
4
conv
Quaker State Oil Ref Corp
Lowest
$ per share
100
preferred
preferred
Purity Bakeries
200
11
Year 1942
Highest
$ per share
par
6%
5%
Since January 1
Lowest
Par
18
113
YORK
EXCHANGE
Shares
104
•110%
NEW
the Week
17%
♦lOJ'A
—
Sales
Friday
V
t per share
share
per
♦110
-
RECORD
SALE PRICES
HIGH
AND
LOW
165
22
7
Highest
t per share
4
July
Apr
11%
Dec
1
Jun
14
,
share
per
90 %
May
106%
Dec
9
80%
Jun
92%
Dec
25
9% Mar
14% Not
1
8% Mar
10%
46% Mar
Oct
R
,
11%
lii
68%
69
r
11%
11%
11%
69
69
69 3/4
8%
11%
11
68 5/a
11%
68 3/4
11%
68%
9
9
9%
•
11 y8
11%
9
V? 9%
9
II
"II
9%
•
69%
1.500
9%
22,400
95
/■■
'*28%
29
14%
30%
28%
15
30
v
943/4
28%
28%
14%
•
94%
-.1
95
28%
15
30%
943/4
14%
94%
143/4
■
.;...
30
*29%
30
94%
9434
28
28%
133/4
"S 29%
;
.V
■
<>
9'/a
-
Radio
35,800
69
'
-
:
'
96
*28 %
283/4
13%
14%
19%
19%
*33%
19%
33%
*28
*
sr.-'
5%
'i
:
:t.: 5
„
-
29%
293/a
293/8
19%:;:;;
34
28%
*5%
•.!;
76
193/4
19%
5%
*74
.
/y'
>
5/; -I-
•;
We
68%
68%
103/4
10%
10 3/4
10%
10%
*18%
19%
*18%
19%
18 3/a
18%
18%
18%
.183/8
18%
183/4
77%
:77%
54 "
9
773/4 V
*51%
9
83
20%
V
83
19%
;
83
9%
9%
9%
'•••* ■"*'
'*.'«• -
9%
94
93
68%
MJ-V
—
9
11%
12%
12%
123/a
87%
87%
88
89
10%
10%
105/a
31%
31%
31%
.
•/
:•
12 Va
31%
'
*37
*37
38
10%
10%
«•
14%
14%
*8%
*26
'
m*
VHV.
.
8%
'
"
38
10%
'
'■
*15
26%
26%
17%
17%
48%
*48%
26%
1%
1%
6%
6%
*5%
6%
*5%
6%-
*7%
9%
*7%
9%
•7%
43%
9%
9%
9%
7" 36%
*112
I.'
♦111
114
'.V
•112 :
112
111
1%
1
2%
2%
2%
24%
24 %
24%
24%
1
3%
1%
'
*3%
3%
«'
44%
"
28%
4
4
•'■♦26
27
*1
V
,
*1
26%
11%
40%
*40%
1%
40%
115
*114
*112
118
40%
114%
mm—
•1
4
5% Jan
6
13
98
Feb
18
70
Feb
20
2
12% Jun
10
93% Jun
1
5%%
conv
80
.100
preferred
Jan
1
„_1
5% Jan
Tob class B
-10
25% Jan
11% May 28
32% Jun
2
_10
34% Feb
38% Jun
Spring
(R J)
tCommon
2
34%
'
'
'
'
MM
J
mm mm
34%
♦114
33%
mmmm
24%
*24%
17
33
;
13%
13%
4
112%
93/4,
353/8
25%
25%
29%
>V'"-
•
mm
29%
*146
p.
—
•
r:
:.
42%
Apr
9
Apr
9%
6% Nov
Ruberoid
Co
(The)
No
.„
Jan
5% Jan
20 % Jan
*111
26% Jun
28
18% Jun
28
34% May
47%
Nov
36% Mar 30
23
34%
Jan
23%
23%
900
.
Scott Paper Co
26%
265/a
44%
453/8
'
wmwf
\
60
*56%
'
'
■i1'
«.«•
\
«»w».
7:
6%
6%
*53/4
7
—
! 7
:•
'
6%
:
'
27%
26%
44%
i
.'.7
;
82
71 %
v
p.-;/
71%
14%
71
17
143/4
*69%
Seagrave
-
3,300
210
/
72
1%
403/4
114
40%
V
'
40%
x9%
373/4 Apr
123/4
15
105% July
38
Jan
9
43
111
May
19
2
78
Feb
1
Feb
16
112
Mar 23
*114
33%
118
♦33
>
,
Jan
V«
Jun
% Dec
16% Jan
4
26 3/a Jun
1
10%
Apr
Jan
8
4% Jun
10
l3/4
Deo
83 3/a Jun
30
17% Jun
25
54
Jan
4
85/a Jan
20
16% May
5
4%
643/4 Jan
7
73% May
8
54%
8
173/8 July
71% July
10% Jun
6
2
45
14
29
Jun
30
5
2% Jan
5
'5
Apr
7
No par
-.-—^.——10
16% Jan
2
28
1 % Jun
5
1% Feb
2
26% Jun
11% July
4
24%
24 %
13%
13%
133/4
3%
33/4
33/4
24%
*24-
v
;!
No par
21
No
10% May 21
par
Jan
28% Jan
15
11
,1
July
2
126% Apr
111
Jan
6
118
10
19
Jan
19
77 "
Iron—100
&
7;
"
mm¬
4
26
26
28%
26
28
*146
26
26
273/4
28%
153
*146
2,000
p.
'Mi.
28%
500
r
1,700
153
23s/a
.; 23%
24%
24%
•
,
Jan
,.
17
18
4
20 % Aug
27
9
Apr
13% May
15% Nov
-15
6% Mar
10% Dec
1
2% Jan
2
8%
7
Southern
4,100
26%
253/4
271/2 77 <
14,100
Southern
44
5%
44%
44%
58
56%
*5%
5% "
*51/4
53/8
57
5%
26
30
July
Jun
149% July
6
8
17
1% Mar
14
Feb
2%
Jun
153/4 Jan
Apr
10
17% Jun
26%
Jan
6
122% Nov
1443/4
Jan
Nov
21% Jan
2
25
Apr
21 y>
103/4 Jan
13
Apr
133/4 Apr
14%
7.50
9%
Apr
■12%
Jan
153/4 Jan
7
30% May
10
Jun
18%
Nov
par
15% Jan
2
303/b Apr
18%
Feb
493/a May
12% May
233/4 Jun
66
343/4
Jan
1%
Apr
25
Southern Natural Gas Co
5%
3,500
Ry
No
100
35% Jan
9
100
42% Jan
12
-—No par
2% Jan
6
preferred
tMobile & Ohio stk tr ctfs
80
Sparks Withington
Spear & Co
4,000
300
5%
15
Apr
No par
California Edison
7-7 25 Vi
J/l-r:
2
Jan
5
;
25%
6
11
20% Jan
132
100
Southern Pacific Co
6
16% Jan
3
No par
preferred
900
y,/'1'
Jan
10
29,400
6
100
22
131/4
56%
30% Oct
113% Deo
20% Jan
25% Jun
28 3/a
5%
Apr
Apr
July
15% July
65
13% May 27
131/4
:•;
Dec
.Nov
33% Jun
27%
5%
1%
108
11
Dec
Jan
Dec
2
131/8
57/8
19%
8
Mar 31
36% Jun
Aug
■; 4%
2
27%'
461/4
Jun
4
13%
45
2%
7'% Nov
35
18%
15% Jan
26%
57
Nov
10% Jan
13%
7
Apr
16% Jan
263/4
45
66
No par
26%
•56
.
Jan
9% Dec
,
No par
60 Porto Rico Sugar
10
243/a
60
Apr
Snider Packing Corp
Socony Vacuum Oil Co Inc
South Am Gold & Platinum
S'eastern Greyhound Lines
25,300
3% '
Nov
Smith & Cor Type v t c
,
25%
6%
5%
Smith (A O) Corp
4,100
14
Deo
Dec
10%
11% May
% Apr
May 29
No par
Steel
t$6 preferred
500
•
r
Nov
9
433/8 May
Dec
11 y*
4 % Mar
4
17% Jan
Sep
33/8 Mar
62%
30% May
10 % Apr
53% Jan
31 % Jan
fSloss-Sheffield
500
52
Feb
..:
Apr
8
par
Skelly Oil Co
V
8
11
No
No par
Pen Co
Simoods Saw & Steel—;
10
A
1%
17 Ya
43% May
4% Jan
No par
240
33%
113% Dec
106%
No par
No par
700
33%
Jan
Sharpe <fc Dohme
'
33%
116
Jan
<
114
Oct
Dec
1
7
Deo
39
1
,
Jan
Apr
109% Aug
Mar
2
Sep
98
9
40%
114
,
19%
21%
4% Mar
Sinclair Oil Corp
100
58,700
Dec
Apr
25%
115
7%
May
No par
114 -114%
114%
12% Mar 26
12
Jan
93/4 Jun
Shattuck (Frank G)
50
11%
8
193/4 Jan
13
Simmons Co
Sirnras Petroleum
26%
Jan
104
10 % Jan
2,600
100
,
110
11
1
2/200
•1
,1% '
' 1%
*25% --26%'/./>/»25%
11%
11% ' '
-11%
Jun
112% Jun
tSheaffer (W A)
2,000
26
Jan
12
4%
253/4
44
2
Shell Union Oil—
Silver King Coalition Mines
26%
Apr
29 Va
59% Jan
3,300
253/4
9
No par
283/4
4
Sep
453/8 July
96
•
5
10%
4%
10
2
Corp„
45
•
Jan
No par
$3.50 conv pref ser A
7
5
100
28%
4%
7
Jan
8
Sharon Steel Corp
$5 conv preferred
1.500
-
'•
V-
7
Sep
2
Mar
Sears Roebuck & Co
Servel Inc
4,000
Muo
'
Jan
A Nov
1%
Mar 11
2
300
16%
13
A Jan
1 3%
16%
9
9
% Jan
Seaboard Oil Co of Del
16"%
16
1073/4 Jan
1,800
.
Jan
par
24%
r;
Jan
105 % Jan
No par
10%
153
23%
Dec
13% Nov
Jan
4
23
2,600
82%
•V
%
35
par
No
82
17
No
$4 preferred
^Seaboard Air Line
4-2% preferred
20
9,700
'
"v
1
i :
7% Jan
5
5
100
preferred
$4.50
13%
i7;
45
57 '
6
—
mim
13%
57
mrn+
rnmm
23%
13%
25%
mrnm
265/s
«.«.
27%
21%
May
13/4 Mar
3% Mar
No par
10
2
6
4
600
45
133/4
23%
13%
263/4
May
2
100
preferred
No par
100
2,300
•
♦13
Feb
7
Jan
32
100
100
28%
24%/
28%
16
% Jan
100
Safeway Stores
5 % preferred
Savage Arms Corp
Schenley Distillers Corp
5%% preferred
114
{;
Louis-San Francisco
6% preferred
JSt Louis Southwestern
10%
33%
*25%
Nov
49% Mar 19
Jan
28% Jan
10
$St
5%
113%
114 ';;
St Joseph Lead-
45
1%
•146
Jan
-
11% Jan
1
No par
10%
40%
29%
6%
43
par
Rustless Iron & Steel Corp
273/4
118
25%
Jan
Jan
Corp
No par
Dental Mfg
No par
Antelope Copper Mines
-
45
13%
149%
54
6%
2,600
•
42%
*113
71
24%
25%
Jan
Nov
31%
3%
100
,
113
*163/8
33
29%
—
Oct
27%
7
60
v
9%
3%
24%
149%
mmmm
149
Jan
Apr
X20
4
4,000
105
23/4
114%
,"
Jan
5%
8
•'
35%
105
24%
13 %
3%
8%
85%
17% May
9% May
;
•.
112%
24%
33%
3%
'
Apr
3% Mar
75%
11% Jun
2,900
45%''*;
45
24%
11%
3% 7-:
Oct
Jan
7% Jan
900
1%
33
>•"
mmmm
74
.
9
1,700
-
" 2%
13%
7
1
7%
129% Mar
May
6% May
Ritter
$2.50 conv preferred
33%
1%
26%
33%
Jun
Jan
Richfield Oil
1,600
2%
40%
33%
Jan
86%
Roan
48 3/4
1%
24%
32%
*3%
•
Dec
«
800
26%
2%
'114%
118
19
100% Mar
100
'
<y-
4%
Dec
Nov
5%
54
7% Jan
71%
49
78% July
7
Feb
100
%•:
1
•114
■
115
73 % Jan
July
Mar
85 % Jan
45
11
100
prior pfd ser A
10%
*25%
i
6
"■
64% Jan
Reynolds
Reynolds
3,500
'
2%
1
i;£04y%. 7s 4
25% tse
26%
11%
2
95% Jan
14
x55
t7%
200
;
conv
273/4
10%
27%
Jan
.100
No par
Mar 19
,
t5%%
38
23%
*42%
26%
.f
6 %
830
9
7
]5
&
,'v'I
11%
*113
113
72
3%
9%
26
423/4
)43/4
"'■Xmm
26%
y-:
42%
*69%
26
Dec
r 1,400
83%'';
15
9%
72
3%
,«•«.
'■ft
1%
*25
U
*
*
70*
10
-11
35%
15
.
Jun
*48%
104%
72
28%
Sep
10%
112
14%
44%
13%
X94%
*14%
45
*69%
10%
2
Inc
Motors,
Republic Steel Corp
6% conv preferred
31,700
'■■■:./
9%'
•70%
28%
'77 7
20 %
101% May 24
86% Apr
6
9% Apr
7
19%
102
6%
3&j/8
1%
44%
—-
283/8
Jan
*7%
71
10%
10%
10%
*42%
19% Jun
7%
Jun
*5%
17
*
Dec
20
2%
7,700
9.
16%
15
13
Jan
38%
6%
17%
72
7% May
12
6
31%
167b'16%
*69
Dec
5
—1
12
1%
17;
14%
—-
16
9
10% Apr
1%
70%
'
15%
70
10% Mar
Juiy
May
59% Jun
1%
16%
71%
15%
?:*69%
1
6
70
79
\l
17
"*70%
10% July
20
4
33
17
mmm'-
8
4
2
31%
•
Nov
5
4
1,800
,
Sep
3%
Jan
,
4% Jan
12%
;'
23%
Jan
Jan
6
.10
—
Dec
14% Jan
No par
Remington-Rand
May
1%
42% Jan
11%
34
81%
17%
20
Jun
69% Jan
17
81%
17%
100
lst.pfd
Corp
,
_25
90
17
**>%
17
5% Apr
75% Jun
100
12%
26%
3%
17%
Dec
8
12
—1
11
483/4*
3%
*17 -
22
Dec
30
14
Jun
Preferred with warrants
*8%
104%
111
23%
82
Apr
6
& Co
Stores
22
3% Jan
66% Jan
7%
Reo
*37
81%
81%
11
(Robt)
22% Jan
100
——
Dec
26
tRensselaer & Sara RR Co
89
■
9
9%
:
2%
3%
82
81%
Dec
-
22
30
>
38
44%
114
1
70
-50
——; —5
Hosiery
Reliance Mfg Co
1
U
112
7 '■ 2%
:
Jan
Reliable
4,700
6%
42%
■
39
Reis
•"
:
313/4
*7%
105
42%
20
12
2d preferred
Silk
700
1%
9%
36
5
29
A%
Preferred
,
U
44%
35%
114
2%
11
34
1%
104%
42%
*112
114
34
9%
10
105
42%
42%
88
11 77"-. %
112 $ 112
36%
105
105%
42%
*111
9%
36%
36%
*104
.
Nov
Jan
'
i%
5'"*:
12 y8 •
88
26%
16%
1%
44%
28%
preferred
.———„ 100
100
preferred
Reynolds Metals Co—
No par
*48 %
%
112
23% May
Revere Copper & Brass——No par
17%
34%
43%
20
180
48%
n
♦ill
26% Jan
6,400
*36%
■
*33%
43%
Nov
''t/'i30
12 y8
.!•'
%
112
15%
683/4
v/31%
33%
43%
Feb
2
23% July
11% Apr
26%
14% Jan
30% July 3
22% May 5
34% Mar 30
15%
'
33%
111%
6
91%
10%
..
'i-
t itt
"
26% Jan
Dec
7
700
9
-
10%
'
15% Jun
Dep
54%
1,500
83 %
15%
34
7
68%
10%
-
11% Jan
91%
*8%
*48%
—1
—
68%;::.
*14%
;
29% Jun
93
8%
17
48%
2
83%
10%
26%
17
17%
Jan
Jun
9%
193/4
15%
26
21
Dec
34%
773/4
*98%
8%
8%
par
—No
Dec
3%
533/4
20
10%
■.;>
15%
*48%
38
1
230
70
; v 91/8
102
*14%
103/4
■
*8%
—
*37:
.
Jun
8
69%
Apr
2
773/4
.
.
9%
103/4
31%
•
99
*91
88%
10%
7
x68%
•:
'
12%
87%
/
54% Jan
2% Mar
53
9%
9%
943/8
;
1
100
preferred—
conv
*83Va
69%
10%
31%
-
m
*93
;.
69%
v
19%
83%
*68%
94
*68%
=
773/4
9%
'
68%
69%
-
*98%
102
*98%
83
■/,.
■
;
54 ; '■:>
*53
9%
19%
100 ,..v
773/4
54
•:"
1
Real
100
10
19%
v
10% Jun
-
200
s
53/8
10%
19%
'
200
76
*18 3/4
100
93 <
28%
*5'/a
*74
19s/4
100
.83
28%
53/8.
76
10 5/a
;>■•
12% May 4
70% Jun 24
2
59
par
$3
700
800
" vV ;;:
67%
*52%
«...
'
9%
20
34'
66
9
54
*98%
28%
*74
J
*333/4
■_
773/4
:
77%
9
34
;.
53/8
76-
68% '.68%
•:
34
*273/4
18'/a
✓
,
17%
77%
v
.
*'"•
*52
19%
-
10%
•
19%
17%
v
4
-25
preferred
.50
Reading Company
-v...*,.;
4% 1st preferred————. -50
6,100
♦133/4
65
65%
*10% 7 10%
18%
*333/8
*273/4
5%
*5
♦74
74
•"
19%
28
1
28
19%
19%
333/4
33%
»%
28%
*5
:.:'74
.
2
Jan
Raybestos Manhattan—
Rayonier Inc
'
''
'
4% Jan
3% Jan
t6%
600
14%
No par
1
720
95
..
Corp of Amer
$3.50 conv 1st preferred—No
Radio-Kelth-Orpheum
!
Apr
6% Jun 30
6
6
Jun
28
Jan
4
55
Jun
10
213/4 Jan
26
30
July
23/8 Jan
1
39
Oct
60% Mar
,
-•
1% Nov
3
Aug
3%
Feb
"
54
7*47%
293/4
:
6%
mmmm'
■
*"t+' ■'
■;
117
1%
——"
1%
V
3%
27%
30%
373/4
35%
1151/4
115%
*65
7%
3%
v
*65
—.w
7
71/2
7%
114
112%
1%
6%
7
6 3/a
—
50%
50%
50%
530
39%
393/8
39%
4,900
115 %• 1151/4
1151/4
115'A
210
*116
66
7%
112%
l3/8
117
fv:
7%
'■"■■■■/7:
1%
29,600
-
77
700
3%
33/4
26%
26%
27%
3,600
5,300
32%
32%
32 3/4
33
32 3/4
33%
16,300
37%
•
37%
37%
383/s
38%
,.
38%
36 .'•:"
36%
36
363/s
36%
37
58%
57%
58%
57%
58%
43%
44
433/4
433/4
44
24% Jan
\
2
32% Jan
—1
par
18
67
44
44
44
11,500
'11,400
120
'
Jan
9
7
35% Mar 15
31
Deo
59
July
17%
Apr
24
Nov
21%
Dec
31%
Jan
3
30
Sep
.37
Mar
69% Jan
26
49
Mar
60
Jan
Jun
44
July
26
2%
Sep
4%
Jan
35% Jan
7
513/4 May
6
29%
Sep
45%
Jan
1
33
Jan
6
39% July
8
27%
Jun
38'/a
Jan
100
109
Jan
28
115% July
7
Bquibb (E R) & Sons
$5 pref series A
No par
No par
49
Jan
10
663/a Jun
4
1163/4 May
6
Standard
No
5 %
conv
preferred—
Jan,' 2
3
2
No par
7
Feb
17
4% Jan
2
8
100% Jan
7
114
No par
A Jan
2
2% Mar 13
No par
l'/a Jan
4
*. 6% Mar 13
No par
No par
Brands
$4.50 preferred
9
Jan
5
27% July
6
10% Jan
5
33% July
9
113
par,
No par
■
4,000
26%
;
33
;
par
Inc
tConv $4.50 preferred
■■
7
26%
33/4
7%
112%
1%
"
71/4
112%
113
1%
3%
*116
117
par
par
Square D Co
100
66
preferred
No
Spiegel
9,400
50%
57%
Standard Gas & El Co
$4 preferred
$6 cum prior preferred
$7 cum prior preferred
Jun
July
17
6
108
Dec
114
40%
Apr
109% Aug
2% Apr
89% May
A
Sep
% Apr
B% May
6
Apr
Feb
49%
Jan
113
Jan
5
Jan
v
110
•
Jan
%
Ost
2%
Oct
11%
Jan
13%
Jan
No par
28 3/8 Jan
8
40
May
R
18
Mar
29%
Dec
Standard Oil of Indiana
25
28 % Jan
12
37
July
9
20
Apr
29
Deo
Standard Oil of New Jersey
25
46% Jan
2
58 3/a Juiy
1
30%
47
Dec
25
37% Jan
Apr
25% Apr
40
Nov
223/4 Deo
343/4
42
62
Standard Oil of Calif
1,400
Standard Oil of Ohio
8%
8%
8%
83/a
8
83/a
9,500
Standard Steel Spring-
293/8
293/a
29%
29 %
*29
29%
500
61%
613/4
61%
61%
61%
61%
473,700
13%
13%
13%
13V2
13%
13%
2,200
12%
12
4
45% May 26
'
12%
•
im
8%
—
*
!■
8%
V
29
29
61%
—
62%
V
13%
12V4
12%
12%
9%
93/4
93/4
9%
112%
12%
12%
12%
56%
*55%
--
126%
— —
20
'
'
—
30%
303/4
55%
31,400
9%
3,100
Stokely Bros & Co Inc
Stone & Webster
12%
12%
12%
12 %
6,300
55%
55%
*125%
6
5%
-mm
'
—
121/4
;
■'
—
^
rnmmm
see
page
167.
29%
*30%
19
3%
19%
3%
12
55%,
54%
128
55%
*125%
6
500
128
5%
5%
—
'
1
2,400
*30%
*11%
26
19%
„
3%
19%
3%
2,000
/
3,700
29 %
29%
1,100
31%
*30%
31 %
*30%
113/4
*11%.
29%
12%
3%.
29%
*29
26%
193/8
29 %
30
31%
33/s
FO
793/4
25%
193/a
79%
79
*11%
iJ-5
263/a
*78
26
,80
700
Bun Oil Co
-
(4%%
Superheater
Co
(The)
Superior Oil Corp
Oil
of
Calif
31 %
400
Superior Steel Corp
Sutherland Paper Co
11%
11
11%
200
Sweets Co of Amer (The)
26%
26
26%
2,700
Swift & Co
5
Jan
2
24
66
12
145/a Jun
7% Jan
May
6%
Apr
Jan
Jan
Dec
8%
Nov
Jan
% Jan
2
133/4 July
3% Mar
45/8
53/4 Jan
2
10 3/4 May
4
Apr
5% Jan
6
13% Jun
3%
Jan
63/4 Nov
6% Nov
48% Jan
6
1
No par
cum)—:
8unshine Mining Co
Superior
9% May
31% Mar 31
par
—
No
—
Class A pfd
•
29
1
Studebaker Corp (The)
128
3%
10
Apr
59% Jun
25
—No par
Corp—
133/4
9%
6
80%
Stewart-Warner
123/4
7
1
—
93%
*126
19%
L 8
12%
6%
3%
(The)
Sterling Drug Inc
9%
126%
*79%
mmmm
261/4
footnotes
12
Btarrett Co
9%
6
19%
m+
3%
For
;';7
9%
.,
■
803/4
26
56
12
■■
*126
■
m,—
6%
303/4
3%
600
■ —
38
37%
13%
*11%
1%
4,500
IV,VV;V-V.
58%
13%
30%
63/8
$5.50
Spencer Kellogg & Sons——No
Sperry Corp (The)
Bplcer Mfg Co
No
$3 conv preferred A
No
400
43%
59
36%
62y4
3%
*42%
*58
37%
13%
803/4
6i/8
.iS\;
29 3/a
43%
59
57%
'
•
62
193/4
28%
7"'7
;N?;
35%
\,
•
83/4
6%
7%
113
3%
33%
29%
*55 y8
30
■
43%
*126
116%
1%
3%
54
*29
29%
7 43%
*58
'
*47%
29%
*65
*115%
27%
8%
/
7
■
*115%' 116%
29%
'
118
27
,.
58
433/4
373/4
'■
.
6%
50%
33
■
■
35%
573/,
—JiT'«
6%.
50
54
29%
43%
36%
1%
■
65/8
29%
59
.*58
51 7
114
—
32%
37%
'
—
__
3%
25%
■
«•«*
"
43%
•
37
*1151/4
■fc.—
'
'
7%
113%
v
29%
49%
■
—
r>f;
7%
' 7;
*47%
37
mm—
■
118
*112%
29%
44
6%
"
;
.
*65
*115
30
59
54
30
30
*573/4
— —
6%
36%
*47%
X44-"!/.
•;
49%
36%
54
30
297/a
mmmm
44
59
49%
*115%
——
*47%
•29
:
mm—
""
7
29%
•
44
*58%
.
729%
293/4
100
100
No
par
1
4
122
Apr
9
33/4 Jan
2
12% Jan
1% Jan
2
2
63% Mar 30
553/4
128
Jan
Dec
1
3 3/a May
5%
Jan
May, 28
11% May
15%
Jan
22
4% May 10
583/4 Feb
23
100
143/a Jan
20
7
313/4 May 27
10
26% Jan
4
313/4 Mar 25
12%
43/4 Feb
1
12 % Jun
5
2
273/8 Jun
2
22% Jan
Apr
Apr
4
25
25
43
1163^
Jan
73/8 Apr
127
82
Apr
1%
Jan
9 % May
16 V*
Dec
26%
Deo
1
May
17%
Feb
3 % May
20
Sep
4% Aug
25
Jan
v
-
FINANCIAL CHRONICLE
THE COMMERCIAL &
>
'
'
'Monday, July 12,1943
-
NEW YORK STOCK RECORD
Range for Previous
V Year 1942
STOCKS
AND HIGH
LOW
Saturday
July 5
July 8
$ per
$ per
share
SALE PRICES
July 7
July «
«
$ per
share
share
t per
Friday
July 9 •"
•
Sales for
-the Week
t per share
(
Shares
Thursday
Wednesday
Tuesday
Monday
*:
: ;
JulyS
,
»
$ per
share
share
34
34%
34%
34
34%
34%
35%
34%
34%
34%
34%
7%
7%
7%
7%
7%
7%-
7%
7%
■
'
*4%
4%
12%
6
41%
41%
16%
26%
10
44%
6%
6%
♦32
12%
3,800
/
Texas Pacific-Land
28%
16,600
i
Texas St Pacific
9%
9%
9%
10 Vs
10
10 Va
400
45%
*44%
45%
45
45
*15%
15%
*3%.
21%
>*15%
;
116
32 3/4
8%
8%
8%
4
20%
*15V4
21 Vs
28%'July
8
12
11% May
4
Jan
•5
46
2% Jan
8
35
52
Jan
—1
3,
par
26% Feb
16
No
—Nt
Nov
157/«
Nov
10% Feb
Jan
1,900
11,300
'
72
72
72
72%
;
105/a
11
103A
10 Va
58%
58%
58%
*57%
58
57%
57%
800
.10%
10%
10%
10%
10%
10%
103/4
10%
12,400
83%
84
83%
83%
83%
83%
83%
84
7*115%
116
115%
115%
115%
115%
*115%
1,200
8%
Twin
600
-
$1.50 preferred-—-;
•
'
prrferred-
■7%
..a
:
*• Jan
8%
6%
43^ May
.
Jan
Dec
123/4 Mar
v
»/«Mar,-
8
Dec
18%
.
7% May;
.
•
Jan
67
2% Nov
71
NOV
May, 25
56 Va
Jun
5%
Jun
7%
Jan
16
8
19%
Jan
263/4 Nov
1%
Jan
90
;
32% July
7 Va
'
45/a Jan
No par
100
!
—
4
8
6
7
Jan
25
43% Jan
493/4 May 4
21% May 10
6
12% Jan /7
—No par
City Rapid Tran
B
.
Jan
:
5
253/s July
16% Apr
5
6% Jan V4
-
3,300
57%
.
lO '/o May
,
31% May
/July, 7
50,
.
27
.
1% Jan
69
.
230
11
15% Jan
11% Jan
Williams Stl
—No par
Tri-Gontinental Corp
1
'• 06 preferred^;—A-——i—No per-Truax-Traer Corp—-;,--:,—_No par
20th Gen Fox Film Corp—No par
v
v,
:
>6% jan v*
5
Transcont'l & West >Air Inc
11,000
par
-*———8
Transamerlca Corp
<
> Transue ■&
72
8 Vb
1%
Jan V
Jun
il Mar
8V4
Dec
11
B%
18
34%
72
8V4
Jan
May
11 Va
'
8%
27%
17% July
Feb
22
72%
.
-
Dec
•
343/4 Mar 31
11
-
Sep
9%
Jun
2
3274
32%
8%
3J/4
20
72
8V4
32%
343/4
28 Va Jan
73
32%
*8%
Jan y
40% Jan
•
'783/4
32%
Jan
4%
Apr
Tlmlcen' Roller/ Bearing——--No par
32 %
32%.
■; Mar
3
Mar
97
32%
8">;:
>
4
2
1V« Jan
par
Jun
3
52% Dec
5%
33 % Jun
5
42
2% July V
30
1
4
;9% Jan
.Jan
3%
Dec
24% Oct
Nov
41
May 27
12% July
8 Va Jan
8V4
:
2% May
8
9
63/4 May 24
2
i
.
Mar
21%
'
49
5
Jan
.
34%
12
Jun
Apr
7% Jan '
Sep •
5
9% Jun 30
7
.
33% Jan
—10'
'
i Apr
7% July
84
6
Jan
4
__100;
4%
13 VB Jun A 2
;
8% Dec
85
10%
10%
7
6 % Jan
•7% Jan .'7
Nov
37% Oct
;
May
103% May 26
21 VB
*8
*72
17% Jan
par
3%
Apr
; Apr •,
4
140
21%
5
94% Jan
*
8%
28
1
63/b Jun
8
90
21%
2
6
16% July
.
1
5,900
8%
11
413/a July
5
10
12,500
21 %
2
13
-
Jan
42% Dec
Apr'
14% Apr
'-t.; *-;v r
8%
3% Jan
i
Oct!93/,
7% May /
30
263^ Jun
'
21%
8% •:
,.
6
53 % July
Nav /
Nov
4
4%
4
89
8
:'2
Thompson-Starrett Co_
03.50 cum preferred
•'
2,600
16
4VB
83A Jan
41% Jan
'
100
—L
—
5%
35
1% Mar
12
25
893/4
4
*88%
89
89'
16
*1514
-
3%
4% ' '
89'A
24%
25%
5% Mar 16
13% May 29
Jan
9
9
9-
8%
25VB
'
21%
*32%
9
9
9% Jan
49s/a
49%
49 Va
49
-Jan
i
-25
Thompson Prods Inc.—_No par
•v
600
30
293/4
■
■3
•
Apr
83^ Jun
Aug
Oct
6
'
Nov
5
1
77 % 'Jun
18
113/4 Jun
10
21% Jan
5% May
783/4 Nov
1
.
6% Jan
93A Jun
5
,
2
28% Jan
46
7%
Nov
U
S'w
59
5,9
10 3/4
;■<
10%
,•;
/"Z—>
7
/
84
84
,
'
>,V_ 7
■
*115V4
116
*112
'mm.
112%
21%
'
100
100
X
.
<•
'
££
■
26%
26%
30%
21 %
7
'7
"
>
:•;
26
7
—
2
13A
r>'v
33%
89 %
90 V4
2,700
26 %
26%
27
37%
38 %
31%
21%
21%
32 Vi»
:
—
*75%
•.
•—•7 7
'
'
.
■•
;-/n
«w-r
■'■■'•'
.
7:
****■
v
*2%
•«.—
'!-.
'."i
y>
7
41
mm-
36
,
42
;V>
23/4
*5%
5%
5%
5 V4
5%
5%
7/7;
'.
«.^ '
23 3/8
Xi;
Si]
47%
3%
80
v
5%
34%
*74
*157
'
,
4*
■'
35
mm
77
24
T-T'.;r><l
9%
*
*36
116 VB
57/B
67%
119%
*32%
*102
41%
42
'
75
X23
.
10%
r
•
36
36%
117%
54%
54%
54%
54%
70
70%
*69%
70%
300
57
56%
57%
56%
57%
25,600
5%
35%
75%
160
120%
23%
120%
23%
67%
*25
;
:
7
24%
23%
*46
10
*3
3%
3%
3%
2%
2%
2%
*74
'
19%
5%
35%
74%
*157
35
..
19%
5%
35%
74%
;
19%
35%
75%
10
Jan
30
$6
23 V2
>10%
361
% 36%
43%
4'.%
43 V?
*116%
36 Va
43
43
*63
70
*62%
70
*63
*63
67%
*63
67 Va
*63
25. P.
70
400
24%
24 V2
*24 Va
5%
5%
5%
5%
2,600
68 Va
67%
67%
119%
119%
34
119% -
67
118%
*32%
34%
35
7
36 3A
:
105
m
67%
;t
■
34
*32%
*36%
38%
*37
34%
*102
34%
105
*144
34%
*102
67% :
119 y2
*119%
,
33 %
*32%
38
*142V4
—
33 Va
33
33
11
10%
103/4
——t.
Leaf Tob
preferred—"
.
34
*102
34
Jan 5
Jan. 8 :
Jan 4
Jan 13 ,
Jan 7
Jan 48
Jon 8 "
42% Jan
■
1
5
1%
%
4 56
14%
15% Jan
4
8% Jan
7
25% Jan
115
6%
El
100
Iron
2,400
105
*142%
,
Feb
72%
Jan
6
3%
Jun
53/4
Dec
93% Mar
106%
Jan
16
—25
25
11
Feb
2%
Apr
5%
Dec
—-100
100
Detinning Co__
Prtferrad
40% May
3
17
93/4 Mar 25
39 % Apr
>
/
Mar 26
43
19% Apr
8
110 V8 Jun
29
7% Jun
.42
:
July
44 Va Jun
22
•14%
May
114
Oct
29 Va
Jun
Dec
26% May
30% Aug
32%
Dec
1,
Mar
13% May
Mar
Apr
%. Aug
33/e May 10
•27%
Dec
1033/4
Dec
62 y May
7
37% Apr
51%
Jan
70% July
8
58
71
Apr
6
44 % May
July
9
107 %
Jun
29
Apr
5
15%
Apr
47 Va'
July
7
393/4 Mar
44% Jun 28
'
54
1263/4 May 29
59
121
Apr
Jan
55'A
Jan
H93/4
Jan
<24
Jan
46%
Jan
3%-Jun
2
1
% May
% Apr
1%
> '2% jun
80
Jun
7
34% May
60%
2
12
July
153A Nov
7
41
May
18
142
Apr
20% July
6% July
•.
1;
Oct
Oct
Dec
2
35% July
9
75 Va July
Jun
161'
.24% July
12% Feb
36% July
2;
9>
«.
62
May
4
Jun>
6
15
i
26% Feb
14% Jun
61
Oct
152%
Dec
20%
Jan
11% Mar
7>A Jun
25
-:
Mar
19
112'/4
Jan
30/
May
.
55
Dec
116% July
42
Dec
July
50
-
26
.
55
Jan
Sep
60
Nov
25%
Jan
183A May
>
2%
Oct
6% July
1
1. ■:
Jan
22 Va
Jan
40%
Oct
110% May
117%
Dec
July
1
Apr
7
34% Jun
12
14
Jan
21%
Nov
Jan
68 Va
120
.
7
24
Apr
313/4
July
2
26, i May
293/4
Apr
8
70
Jun
Jun
15
120
Mar
38 % Jun
Jan
14
29% Jan
2
35
Jan
8
108
" Jan 26
Jan
20
67% May
113
Jan
4% July
9'
7
80
Sep
34%
2
22
15
Jan
Apr
41
10
,37% May 25
12
3
Dec
6'A
99
Jun
4
5
Dec
174%
2
9% Jun
64
May
2% Apr
7
; Jan
7% Apr 26
Feb
11% Jan
>
24%
8
87
Oct
4% Apr
34%; Jan
159
181% Apr
15
27
8ep
4
Jun
20% Jan 14
,.
,
6%
4'/a
44
Jan
*Jari
16%
22
116
CO
Sep
118
Jan
•
Apr
23
$6 pref_
preferred-
Vulcan
35
Jun
Feb
No par
Coal it Coke 5% pfd—100
preferred
Virginian Ry Co__
6%
Jun
48 Va
Jan
39
& Pow
Va
Va
40
25%
6
Jan
100
dlv partlc
8
Mar 15
'2% Jan
Dec
3% Nov
5
51
No par
Dec
8%
Apr
1% Apr
33% Aug
3% Mar
3
57
41
Oct
2%
4 *
■.«':■
•
Feb
113/4
———
Va-Carolina- Chem——
33%
*36%
105
25 %
,101
46
64%
473/a
,112
7
21%
•
38%
34 %
9Va Jun. 2
29 Ve Jan 13
29% Jan ;13 ,
32 Jan 15
/H Ja«; 2 *
Am——No-par
Tool—^——2.50,
Van Raalte Co Inc—-—„•
L.5;
;7%
1st preferred
ilOOVlck Chemical Co
5
Vlcks Shreve & Pac Ry-100
5% preferred
100
Victor Chemical Works—
_5
1,000
67
Jan 16
6% Jun .15
108
,
20
5
May
723/4 July
1
5% Jan 17
393/4 Jun 17
30
Jan 4
> 4
Jan 8
13% Jan 6
:
Dec
13% May
Jan .19
•
Oct
58%
6
—
67%
>'
2% Jun
4%
113'
5% Apr
27
Jan 29
Van Noiman/Mach
117
Anr
9%'Juiy
6
"173
Vanadium Corp of
103/a
43%
Preferred.Universal
6%
23 Va
10.'%
'
Laboratories
'
23%
36
preferred
Universal-Cyclops Steel
770
9% Jun
35
Jan 6
Jan 5 !
No par
Jan .13
Corp
1
Jan 23
Inc——1
•
5'
July 9.
> 33 ' July 2
No par
59% Jan 15
?-—100 : 150 1 Jan 12
.'
Universal
140
23%
*116'A 117
conv
July
76% July
59
—5
—10
-
Stookyards Corp
4,300
75%
*10%
9
66
4
Oct
A Jan
July
9
8
9% Jan
t
;
.T %, preferred—————————25 //'/
1,100
V
35%
103/4
36
.
160
"157
23%
117%
U 8
/.
)
19%
5 Va
5
5%
—
11
2% May 10
.
6% May
,__10
United Stores class A
25%
*144
*144
16
77% Apr
—No par
—-i—100
Tobacco Co„—
'—No par'
United
25%
*102
105
3
X26
10
Preferred
3,800
-
-7 > 5-%
36%
mm
.
Jun
May
Jan
183/4 May 29
Steel Corp
U 8
1,100
%
80
*74
80
160
«
5%
*32%
37
963/4 Jun
-
-
5,700
47%
47%
25%
„.>v
„
mm.'
1
2
preferred—
100
U S SmeltlngrRef & Mln->--—^J50'
-Preferred
50
700
57/a
119%
1043/4 Mar
J 84'/a Jan
1st
8%
2,500
121
121
*46
2%
>"
55
—
;_J—
U S Rubber Co—-
•9,500
2,100
43%
124'%
*116%
70
2,000
42%
2%
♦157.
433A
mm
11
6
Foundry
—20
U S Playing Card Co—--———10
U S Plywood Corp—
1
tXJ 8 Realty & Impt——.1—No par
900
•
23%
123%
; 3
5%
10%
2%'
43%
19 5/e
24%
1
Dec
Jun
17
9% Mar
4
U 8 Pipe <fc
300
123%
773/4
Zm;>%
"7
38%
*34%
42
42 3/4
19%
*63
mm
34
*36
42
122%
*75 %
*63
673A
♦118%
•
Jan
203/4
.22 % May 12
4% Jan
.100
-1
preferred
Preferred
104%
Apr
7%
8
y363A Jan
Apr
89
3
33% July
3'/8Jan
No par
cl A——-—No par
U S 'Lines Co—
900
2,900
•
Co
Leather
Partlc & conv
29,900
7%
9%
3534
68 V4
:V
114% Jun
69% Jun
5% Jan 2
2 Va Jun 16
.'
-50
—No par
conv
tPrior
43
2%
35
1,000
9%
2 3/4
47%
'
6%
8
.
16% Jan
20
Co-
preferred
Industrial Alcohol
8
U
35%
42%
,
U
100
•
2%
23%
*43
6
May 27
23% Jun
No par
No par
Secur
8 Hoffman Mach Corp—
5% %
130
110
7
7VB
9%
U
4,200
35%
35
x41%
23%
75
17%
*109%
*42 >
.
25%
Feb
21% Aug
40
4114
26% Jan 12
60% Mar 9
■
preferredii——-100
1%
17%
*6%;
6%
17%
110
41
47%
3
5Va Jan
Co.1-*.—par
U 8 Gypsum
39%
39%
39%
45
120%
35
7%
9%
9%
120%
mm
67%
25 %
563/8
mrn
44
*63
*70
160
6V4
•17%
*109 %
'7%
36
80
■
Feb
30
Jun
—-i.10
Taperboardi—-
Freight
U S
;
2,600
70%
54%
53A
39%
50
122
42%
2%
♦116%
70
•
122
■0M
♦36
36%
*63
41
•
10%
117%
*43
35%
23%
74%
81%
90% July
4
t n—__1
v
1st preferred
-$6
500
43
*42
43
*42
6%
173/4
110
20
'34
9
74%
28% Mar 30
4
7
1-No par
No par
Improv't-;
preferred--.
$5
G'as
united Mer & Manu Inc
-
i,400
181
9%
-
9%
9%
v-
.'
mm
393A
77.T U-
33%
10%
39%
*6%
9VB
9
42
173/4
'
.
71
*177
16
71
16
16%
71
181
47%
*157
24'A
10%
7/7
^
Va
71
*177
*109%
41
16
72
7
120%
5%
mm
75%
160
16%
181
19 3/4
mm
United
180
*75 Va
mm
;
95 Va
42
58
'
mm
>fr: •»#';' •;••'.
11%
95%
83A
55%
7>/ .2%
mm
i •/
•'
20
53A
S.iS'yL
*11%
71
70%
3
7 'S
mm-
•
11%
S5%
16
43%
'
Dec
Nov
14'/a Jun
7% Jan
2% Jan
.—.—No par
United Fruit Co-
:
U S & Foreign
11%
*177
.
122
23%
163A
85%
33% July
38% Jan
5
& Fdy
United
95%
2%
♦46
—
United Eng
300
•
11%
42%
120%
i-'"' '
•'!.
«...
7
—
2
20
mm
' O
■
95 Vb
2%
'57
:
"%'mm
120%
*74%
9%
9%
95%
*41%
*70
7
57%
2%
9%
;n%
7%
*54 5/8
May
63% Jan
'
2
—1
10
!5
% United Electric Coal Cos_..
300
2%
54%
*3
2,000
5%
42%
54%
23%
75%
1,300
9%
42 5A
Preferred
18,900
36%
121%
10
2
5 4
100
L-
Drug Co.
—i
Dyewood Corp
United
.
40,000
93/4
2%
;
—
;
Jan
2
July
101
7
18% Jan
' U Jan
17% Jan
"
*41%
mm
.
United
.
300
•
9%
6%
•
433/8
*46
2,300
74
76
18
.
*40
mm
120%
76
110
9%
mm
'
No par
No par
Corporation
preferred——No par
43
Dec
108
5
'
32%
73/4'
2%
39%
'
United
1
100
v
8%
32%
7%
76
64
64
65 %
32
25 %
413/4
7%
,
•
•
57%
.
7%
32
2%
72%
*109%
■
—
71
*63
25 %
16%
121%
*69%
,
7%
32
2 V4
181
.
121%
43
65%
25 Va
8%
18
•
'
36
'7
700
2VB
'
42
4,800
8%
25 »A
39%
*6%
•
V.'
:'18%
6% :■> 7%
9%
*37
13%
*8%
2%
41%
.mm
110
.
13%
8%
25%
8%
7' V
t."
--
*9%
36
1D%<;
8%
9%
12
72%
6%
*63/8
*17%
13%
8 3/4
2,Va
7:
*16%
39%
*109%
13%
75%
95%
*177
'■■■■
.
41%
39%
37,900
25%
*11%
—
.
7,v
8%
*40
33%
'7%
2%. 7;
*94
_ri/
.:
—
72 3A
8%
33
*31%
9%
5%
...
.
..
176
175 %
33 %
Fast Corp
United-Carr
100
30,600
2
1%
2
32%
25%
2%
,163A
16%
.,.72%
1%
25%
25 Va
26
*25%
2
'
May
100% Mar
113% Nov
21% July
2
8
109 Va'Jan 2
55% Jan 16
preferred
—
100 "
Ui^ited Carbon Ca——v.«—No par
S%
;
*67%
68 %
68
67%
.
—No par /
Apr
Jan
83
May
1144
'i United aircraft Corp-^iii—^^J5 > r 25% Jan 6
5% conv preferred
100
93%Jau 4 4
Un Air Lines Transport—5
17%'Jan 20
United Biscuit: Co-^...4.
^..No ;par
,
16
Jan 18 /
900
*113%
*113%
32%
*64%
■.
76%
25%
95%
*943A
68 %
21%
213A
•
...
*5% .'5%
12
*11%
21%
900
•83A
,
8%
9%
.
2%
"263/a
35,400
13%
9
32
'7 v; 75%
2%
200
•
32%
32
.-4.00'-
preferred—
Union Tank Car——
xll8
5
80% Jan ,2'
79% Jan , 6>
24% Jan 8
.
29
108
Apr
Dec,
9%
Sep
68
•>.;■;"/
i
65%
*31%
93/B
9%
•
7%
7
76
r-
.
>7/657:.
■>>
■
—-
1%
32
13%
8%
mm
8%
26%
15,700
114
'
33%
21%
21%
25%
*25
2
33 V4
13%
7
67%
7
26
1%
323A
7-7 -■?•■■'■
32
7
67%
*25
7'
;
—-
66
8
*31
38%
373/4
.
*112
114
*112%
33
*113%
67 V*
--
8%
.;7 66 V
*
39 Vb
38
38%
112
112,
32%
25
7%
26
86% May 27
Jan 13
Jan
.105% Jan
\ 15% Jan
No par
No par
A%
1,100
112
pfd
Preferred $4.50 series—
:
89%
26%
—No par
113/4 Feb
2
Jan
July
59
Jan 18
42
8
79
113
v
Union Pacific RR Co——.1——100
;
88%
No, par
—No par
Union Oil of California—:
>
4,500
101
100
26%
13%
*8V4
7
1003A
88%
21%
7 '
67
13S/B
7
993/4
(
'
32%
7
99%
'
7
Union El Co of Mo $5
;
3,700
26%
*113%
67
.
80
21%
88%
30 %
*113%
/
112%
21%
26%
112
.v
21%
*25
112%
21%
88%
37%
•7'.'
7
113
30
112%
X21 »/4
26 %'
:
*Y-V
-
38
37%
*112
112%
21%
88%
88%
88%
10Q
99%
mm77
Va 112 Va
Paper.-
Carbide & Carb
Union
30
117
99-Vb
21%
Union Bag &
9,100
21 Vb
112
112% 7
*112:
'''.'mm'-
21%
213/8
Under Elliott Fisher Co
148
Oct
96% Mar
138
Jan
■1"
•
32%
♦lO7^
*26%
*105
For
33%
11
^
'•
33%
10%
32%
11
27
27
115
*105
footnotes
see
page
167.
27 Va
115
33
»103A
27
♦105
27
108%
27
*104%
33
*10%
27 %
27%
108 Vs
*105%
33%
1,700
10%
500
27%
1,000
112
Wabash RR
Waldorf
preferred—:
System
Walgreen Co——:
4Vs%
preferred with
100
—No par
—No par
warr—100
24% Jan
4
36% Mar 29
7V2 Jan
5
11% May 29
20% Jan
2
28
Apr
Feb
10
109
Jun
103
26
10
•
5V« Jan. >■
11,100 J Tide Water Associated Oil— —10
t$4.50 conv preferred
No par
1,140
;
Timken Detroit AxleJ;
10
•2,100
100 V4
100'%
100
30 '
25
8%
24
16
«
3%
■: 89%
>
90
8%
14%
30
50
49%
-
9%
*15'A
4
8%
29%
25%
24 Va
24
*88%
49%
14
100-';
100 %
29%
30%
!4Va
32
(J R)
Thompson
800
23/V
25.
14
V":
100%
100% '
9
9%
*23%
13%
r*
14
*2%
25
45,V Apr; 4 3
:
Nov:.
25% Dec
>
Apr
2
8% Jan
Avenue Transit Corp.-No
Third
>'
1,800
'
■'
2%
24%
4
Jan
36 V2 Jan
Na
03 div Conv preferred
•
100;
32%
32
32%
2%
.
14
1
24
35
10
.1
Thermotd. Co
i
1,700
6%
Preferred-
'
270
13 %
13%
V
4,400
24%
-
25
"
13.
32%
2%
2%
*24%
*8%
46
6%
*12%
40
463/4
8%
V.
9
46%
6
32%
32%
2% '
25%
8%
13%
*81%-
83%
82
46%
6%
*12%
33
49 %"
i;
6%
.
13%
29%
49%
'
6%
•%'
100
*45
9
47
:
*8%
9%
3% Aug
- t$3.60
conv preferred.
—No par,
'Slie Fair——Nd par■
1
190
1,800
7%
82
15% Aug
Trust.-
Ry Coj
29 %
,19 % Mar
8
Jan
No pat
—
Thatcher Mfg.Co——
'
*7%
7%
7
83%
*82
83%
v
7
7
47 Va *■
'.13%
.12%
45
r
7
2%
30%
49%
10
25%
100%
.
45%
32%
26
100%
.
12%
28
*12%
14
9
12%
2%
*30
Sulphur
Pacific Coal & Oil—
Texas
16,600
16%
16 Va
16%
16%
16%
16%
Texas Gulf
28%
8%
32%
14
i
<
12-
*6:. vs
*12%
*25%
3,100
3,800
27%
83%
14 >:
2%
6%
40% .'41%
?
27%
47%
6%
*6
5%
40%
12
*6%
47%
47%
52%
6
22
8% May 20
-
6,200
26'%
£:
9
9
12
53 Va
12%
*44%
84
*82%
12
52%
28%
■*9%
*9%
44%
700
12%
41%
35% Apr
35% July
29
partlc preferred
12%
12%
26%
300
53
*5%
8
Highest '
I per share
share
per
22% Feb ;; 8
4% Jan
2
50
Telautbgraph.vCorp———-«:.5
Tennessee Corp—
5
Texas Co (The)i;—vA—„
-25
Texas Gulf Produc'g Co_—_No par
53
4-1,
16%
16%
43/4
$ per share"
T 53/, Jan 25
5%%
12%
5Tb
•
*4%
Highest
$ per share
200
43%
26%
16%
12%
678
41%
-
,
41%
*42 Va
41%
52%
'
6%
6%
■
v.-
Lowest
Lowest
<%.'
« • •• '
•.
•>;;/>>• ■' *Par
Swift International Ltdi
—
i, Sylvahia Elec Prod's: Inc-;
No par
t Symington-Gould Corp-^-»—-,^-1
1,100
8,700
4,900
-8%
•
8%
4%
*4%
"4%
12%
•
,
53%
52%
53
52%
4%
12%
*12 Va
4%
i2-%
4%
*12V4
;
43%
*42%
43%
*42%
43%
*42%
43%
*42%
;
*8 '
8%
*8
8
8
*7%
34%
35%>>
7% v
34%
34 Va7%
34%
34%
34%
34%
♦34%
Range Since January 1
NEW YORK STOCK <■
EXCHANGE >" :
■
30%
Jan
6% Mar
7%
Nov
16
Apr
20 Va
Nov
97%
Jun
102 Vs
Oct
21% July
v
Volume. 158
Number 4193
"
THE COMMERCIAL & FINANCIAL CHRONICLE
167
NEW YORK STOCK RECORD
LOW
$
$ per share
87/s
49%
share
per
8%
.
8%
t *17%
18%
*17%
12%
12%
12%
2%
2%
2%
••
:
53%
.
53%
14%
15%
y 89%
—L.
89%
v.
—
*22
22%-,/'
-
■■■'-y
'
•
16%"'.
7!
24%
7
28%
16%
.•-v
'' •'■ ;''"7—
—
'
"
6%
7%
26
*73%
6%
,;• ►•»,,••
7_ ...yy--—
v
y
78
93
95
•
85
85
*15-'
•
-
4%
4%
,.*10%
•••..'•
10%
10%
i
:23%?.'vv;
99
•>•:
99%
•*131
*131
♦110%
111
*50
57 :;y
23%
64%
19 "•
20
>
yvy;-
•
5
*51
23
•
20%
20%"
■
7%
75
.*23%
xllO,1
14%
,:•
8%
8
76
14%
10%
11
*116%
120
'•
7%
!
V 76
23
25
"
*23
C
10%
75
25'A
23
14%
I 22'/a
>*124
135
*
♦111
;*111
117
117
*52%
53
*55
>?52%'
56
-*100 »
68
'
"
22
135
*124
53
*52%
56T"
*98;
99
68
68
"68%
16%
*125%
126%
<•
16%
126%
*125%
I
•*,
38%
93%
38%
:v.
93%
•'"
:.35%
r,>
*
'
4
17%
18%
126 %
127
> 15%
35
•
69
—1"
26% July
21
Jan
8% Jan
76% May 19
4
17% Jun
19
15
May
89% May
20%
Jan
X71% NOV
7% Aug
10% NOV
Jan
~
109
Jan
8
119
'3
102
May
113%
11% Jan
5
16
Mar 29
10%
Sep
18
"
103
Jan
109
97
Western
May 22
•
Auto
10
*
19
Jan
29% Jun
14
Western
Maryland
100
"
2% Jan
6% Apr
5
3
tWest Penn Pr Co 4%%
170
—-
Supply Co
-
:
100
'
5% Jan
Telegraph
'—100
*
26% Jan
11% Apr
39% July
No par
'
15% Jan
24% May 29
WestlnghouBe El & Mfg
i
' •
'•■'•■'
%
1st
$4.50
-
—No
$5
prior pref—
conv
White Dental Mfg
\
Prior
•2,300
6 %
preferred
1,100
800
127
Apr
32%
29% May
5
22
"Mar
31%
26% Mar /4
106% Jan
"
52
85
~
*
80
Oct
Apr
July
93
Jan
23% July
1
17%
Dec
27%
Feb
67% Apr
S
58 %
Dec
69%
Jan
20
5
5
12% July
15%
Deo
12
Jun
15%
Jan
3
Mar
5%
Nov
Apr
3%
Jan
14
Jun
21% Mar 30
8
8
May 24
5% Jun
7
1%
15
86
x20% Jan
19
25 % Apr
30
15'/a
Apr
22'A
Jan
2% Jan
2
5% Jun
7
1%
Apr
2%
Dec
2% Jan
2
9% Jun
28
14% Jun
28
8% Jun
7
'•! 8
Jan
6
4% Jan
"
2
57% Jan v 4
"
10
Apr 30
40"
May
53
1% Aug
4% Apr
9
Jan
27
115
Jan
S
17% Jan
9
~
'
77% May 10
11% Apr
6
115
2Oct
8%
Deo
Sep
6%
Jan
Sep
3%
51
73%
Jan
'■110%
8
Jan
Jan
107%
jun
2
16%
Dec
Oct
'
10
r
24% July
42% July
24
Jan
30 % Jan
2
16% Jan
20
"
112% Feb
15
145
Jun
12
117
Nov
125
100
———
"
100
preferred
"
109
July
24
130
Jun
22
106
NOV
117
Mar
54
Jun
1
54
Jan
57% Jun
'' Apr
57%
Jan
Prior
pfd 4%% series
100
Prior pfd.4% % Conv series—-100
Wright Aeronautical!—
Wrigley (Wm) Jr (Del)
*500
1
Jan
50
"
_10
V
July
108%
Dec
'•
6% preferred B
100
40
42%
'
par
—
'-2
100% Jun
6
Jan
*
No par
Worthington P & M (Del)No
>
<93
23
Apr
Deo
Deo
Jan
No par
—
1 16
Jan
Jan
40
10
—
—
Woodward Iron Co—
Woolwotth (P W) Co————
7%
60
Jan •" 9
2% Jan
'
_5
Wilson-Jones" Co
"
112% Jun
13% Jftn'C 2
3% Jan '15
*
par
Motors—'——_I
preferred
conv
15
Mar 13
18
"Wisconsin El Pow 6% pfd——100
|
|
83
Aug
23
58% Jan
$6 preferred
•
' 99
Apr
109
9
15
—
Wilson & Co Inc
•8,300
>125"
1
3
July
20
Willys-Overland
10%
July
Jun
40
No par
14,500
I
100
"
Wilcox Oil & Gas Co——
Oct
Feb
136
1
•1,100
Jan
19%
5
-1
~
Jan
2
63%
Jan
30
12
v
No
13% May
Feb
Deo
8%
'
Jan
20
White Rock Mln Spr Co
White Sewing Mach Corp
f$4 conv preferred:
.
Feb
Jan
No par
i——
"White Motor Co
17,000
•3,500
11,900
I
4% May
23%
Jan
3%
81
100 V
(The S S)
Apr
31
par."
100
-
20
120
"
No par
!
2
104%
*
'
Wheeling Steel Corp——No par
'1,030
15,400-
I
preferred
Jan
2
Sep
12% May
*
50
50
;
—
Instrument—!—12.50
5%%" conV. preferred
;i,7oo-
5%
Elec
Wheeling & L Erie Ry Co
V;''"V 3;.
:
Air Brake
Westvaco Chlor Prod—;
tr
'
Union
preferred
Weston
260
r
.
'
j
Westlnghouse
■l.ioh"
•
—
Jun
2d preferred—.
4%
10
;
Feb
44% Jan
24% May
9
3
7
21% May
14% Jun
42%
dun
31
21%
Deo
Jan
46
No
No
par
9
18
44
-Jun
Jan
15
108
20
80
Jun
104
Jan
•68% Jan
par
Jan
88
4
70
Mar 23
39
Apr
62
Jan
15%
Jan
t
130"
»
15%
39
95
15%-.
15%
35
35,000
137
4
15% <16
>
-
-
>18%
38% ? 39%
«>
15%
15%
35
35%
35
*4
•'4%
390
15%
3,800
"35%;
15%%
fc,60ft
Jan
No
18 % July
137
4
30 .Jan
-
2
19% Jan
12
Jan
2
par
-
96
10%
Apr
111%
Jan
7
39% July
„
4
82
9
9
July
16 % July
6'
-Jan
9% Jan
—.100
Youngstown Steel Door
L*
2
12
7% Jan
No par
No par
preferred series A
30% May 10
Jan 13
>2%
•118% Jan
1
100
Young Spring & Wire
Youngstown S «& T
330
:
>21%
25
Preferred
8,500
12,600
> 95•"•" 96
•;*'*.'•"•>• *?y'-
Yale b Towne Mfg. Co
Yellow Truck & Coach cl B
200
\
H
-
95
-
17%
137
38%
-
'v
131*.'
"15%
•-
*28% :V 29
6
9
July
16% Jun
7
5
23%
Oct
14% Nov
121%
Dee
Nov
Apr
7%
28% Jun
37%
78
Jan
87
Oct
7
May
12%
Jan
Jan
■
*35%
34%
4%
*
4%
4%
>
-
39
14^8
i
v
16% V
<
38%
>•>.
7.7;
•
V-'?W4K".W5-
y-jy.
35%
4
18
39%
.
17% Jan
pfd
100
West Va Pulp & Pap Co——No par
t6% preferred
100
150
500
68% :-' 68%-
28%
157/s
•
.
.
28%
16%
16
39
15%
28% MV*•>
93%
15%
93%
'> 15%
15
v
15
Av.. 147/s
16%
1
"
X
28'/a
;■
July
Jan
:
•'
16%
>28%
28%
3
Jan
>>>
y
i' V
*28%
Jan
93
1,500
"
68% '
"
1%
Apr
22'/a'
■
8
36
:6,200~
*96
July
8 %
i
3
40%
>'
2% Jan
July
i
> *52%"" 53 rs•
'':55iy-
' ;
-
par
Feb
•
85
-21%
53
*55
99
Nov
19
2
*122 -";135 —
56
18
:<
Jan
">40%
*109
Oct
Jan
57
1,300
lil
*52%
67%
.
14
11%
'
23%
135
111
-
Jan
7
—"—100
23%
40% -Ai-Jy'','
22'
22
117
1
*100
24
*55
•100
67 "A
.
24
3'' ■'/'I
•
•
12
July
91
i
■
V/s
10%
-
Jun
2
25
104
-4,400
14%
10%
*96
55%
99
*
21%
124
53
*55
102
*67%
22 %
;
^
41
►111
,,.21%
10%
13%
17% Jun
17% Jan
Apr
76%
76
7
12% Jan
,-ul
Apr
11,600
7%
v
76%
24
40%
*125:::; 135
•
Jan
34
8%
:
7%
*75%
*110
*23%
42
:•;•• 7%'
Oct
39%
"
41%
4%'
8%
Oct
8
6%
25%
-'4%
.
8%f" "
14
*110
24%
41%'
V
21%
■
"
25%'
■'
4'%
24%
Deb
8
.
%
*70 V '; 75
-
8%
80%
July
714
'1
29% Nov
July
Western
•?
21.
•5%
Feb
4% Apr
May
80
..
66
7
•
•
16
x65
97
preferred
preferred
'2,700
•
-19%'
20%
5%»'
Nov
4
V
57
65 V2
1
4
-1,200
98%
40
*19%
7%'>
;
8%
-
•y "
July
Nov
% May
50% Jan
7%
8,800
!
rvvv,*93%>:>>':i '/■; ■< 22% y 23 \
21%
'
:4%;
:v
7% >
10%
'<
*55
«•
19%
24
»
76
10%
-■
*110.-::
42%
41%
10%
,
f-f
••65 •.<"•;•
f7l
.
14
7%
76
210-
23
'•
6
—5
—_No
n
15 % Jan
-
Oct
Jun
67% Jan
.
V'13r "
40
-
'
V
>.;*26% . -27
'>>110 > 110
23.
64 >A
8% "
13%
;
8
76%
"
(
par
Nov
2%
16%
a ,900 <
5
98%
X'131
'
57 > -•;
*19%
y:
24
:> 5
*43/4
,
■'>>'
'V:
No
*
—
21
41%
K
^2,400
'><^23 :>jr-'23%T
*93 "A
*
7%
"
32% Apr
Nov
Apr
13% Mar
"
t
10 %
110
*55
•
'.75'-""
.*23%
,
5
8%
8%
14%
14%
*75%
'4%
May
5%
—100
3
1 900
28 TA
-
260
i
116%
*106%'107'A
-
98%
5
*70
24
4% >
<•
8%
v
27
8
share
Apr
No par
V
39%
40
21 »- x ■ 21"
.'••'7 »;> >"-•?•* :
>• 4%
4%
"
.19%
'■•
*70
5
8%
-v
par
—
ui
West Indies Sugar Corp—
West Penn EI class A
310
*
89% July
Wesson Oil & Snowdrift—No par
$4 conv preferred—
No par
^,700
!
May 29
No
,
Wayne Pump Co
•i
13
May 13
36
Highest
f per
31%
79
50
-Webster Eisenlohr
t
:>:•
85,
,*115%
' V-
.->••."
133
•
'
"♦47/8
v
15%
15
>*26% ::27.«v;"';
23%
64 Va'
•
63%
> *19%
*4%
24
*23%
96
-
50% Apr 30
18% May 25
par
—5
".Waukesha Motor Co
600
,400
3%
No
Fdy 8s Pipe
Washington Gas Lt Co
•
5
par
Pictures-
preferred
Warren
23,300
80 ** 80*95%
97
'
10 V2
■
*39
57
19%
7
,
75
*70
23%
20%
:
■
77/a
•'
85 >?.
23%
98
"
>111%' 111%
64%
.,19%
m
'
38% >•>'.>38%
*131
•
27 Va'
27.
56
July 6
15% May 20
500
I
U
"
23
r
;39%"
7
-
38%
y-
99%
133
20
Bros
$3.85
9% Jun
No
preferred
Warner
!00
4 %'■••:;••'
'
Jan
7% Jan
$7
B
1942
per share
2% Mar 29
2,200
,
10 Va •'10%
V
23%
*93%
i':
64
-A
WM
*6%
*4%
•
27
23%
-.23%
7*18%
10%
38'A"
39%
.
-..*93'A.
,•"■ 64%
•
y*131
"v
39%
,ill0%" lll'A
*50
,57'
•
•*93%
>
4%
4
-':'25%r 25%
>•"
107%',!.
y 28
28
5
% Jan
»
.
V4-!
•
98%
134
27- :
7tv>
27
>
' >
:
4%
■
22%
99%
>39%
39%
'■■■a 27
28
107V2
4% Jan
*75V4". 76%
'
116V£
,,
16
24%
15'/a yl5%-r ,>y^l5%r-Ta%l
108%
,No par
(H) Good 8s W Ltd
Class
100
•
..
,.99%
134
*39
116
.
15%
••
37%
:
>>'
80-
4
i
1
•■;"- 9%
.
95% y 97
85 i:
85 -}. '
15% Jan
1,000
22%
'
'7V2
'
•
79
'
/•>.
3
,
23%
' 76%
Dlv redeem preferred
Ward Baking Co cl A
1,600
28%
>
16'A
15% >16% :V •>".'.
.
116% '
0 :
•
79%
85
4%
10%
39
7 38'/a
y. 23%
*75
A'
*28
24% ?
25%
•'
12
1,200
55
-V -'22%
96
> 27%
:•;•
.25%
38% Jan
'200
No par
No par
4,060
--•''.
y
Walk
'
40.100
'•
8Va
..
.
'
16
>'
107%
4%
•
7%
;
.
76%
15%
,y.
v
'
7%
•
85
28%
"•
4%
'•,-.
38% ;-38%W.;
23%
-
>28
•>'.
16 V<
247/a
2
*89%89%
>k>":'
24%
4% Jan
^-'14%':' 15 Va
•
.
28 Va V 28 Va
*16- ;'
25%:':.
116%
15%
109%
15% V
*22% ^ 23■*<■■■
.,
79
V
117 ;.'
*107%
•' 7
96
84%
%>
55
$ per share
800
,>•
Year
Lowest
No par
"2%'
v
$ per share
Par
k
Walworth Co
•1,000
12%
2%
89%
16'A
15%
:<;>
78
' >■'
25
!*74'A
94 Vt
A:, 15'A'
-
109
28% "28%
•
16%
'
.117
15%
/
;* 107%
16 Va
94
84%'
•;
116%
116%
'75
14%'
23
25
7
•
55
•89%
28%
16'A
26
78
/
"
-"•
:
Range Since January 1
Lowest
Highest
EXCHANGE
«
18%
'
Range for Previous
NEW YORK STOCK
Shares
"8%
*12
;
for
the Week
48%-, 48%
*18 Vs
2%
55
y
•:•
>
12%
*2'A
15-
23
•:>
*12
89%
<■"•. 24%
.
7'A
25%
-t
>
16%
> 75%
:>
'•
,V
75
16%
•
77
74%'
25%
,
|77".":
-r
14%
*28
24% i-
'
■!•
.
55 V4
89'A
■:•■■•■':!
8%"
18Va
55
16%
V 24%
-
18%
2%
;
15%
22% ; 22%
24%
48%
2%
89'A
*28
16'A
48'A
18%
Sales
J
.
$ per share
"*
" 8%
12%
,
28%'.
8%
2%
15
$ per share
8>/i
12%
.:
Friday
July 9
48%
*17%
56
,..t
:v
"
8%
18%
89 Va
'•
—
'>■"—
Thursday
July 8
48%
-
13
55
——
■>•
'
*28 '
.
:
1
STOCKS
i ;•/
<•.
$ per share
49 Va
•V
■
__
.
49 Va
8%
49%
V
$
per share
Wednesday
July 7
•
July 5
.
.j.
;■
Monday '.-v:?•.«-' 7 Tuesday
July G
*•; ;'•
Saturday
July 3
! "
HIGH SALE PRICES
AND
4%
4%
;
4 %"
Zenith Radio Corp
500
—No par
Zonite Products Corp.
2
1
35% July
3
4% May 10
8%
Feb
1% May
20
2%
Deo
Jan
'
.•Bid and asked prices;
reduced from
100 to
sales
no
10 shares.
this
on
day.
t In receivership,
;
A Name changed to Sinclair Oil
a
Deferred delivery;"1'n New*
Corp.
Stock.*
rCash sale.
{
_
Transactions at the New York Stock
> "
s
sSpecial sales,
x Ex-dividends.
\
,<•
j
Week Ended
!
i
'
•>
.
,
Saturday.——!.-..
Monday
,
Vnited States
Shares
452,250
•
v
t
$4,692,000
Bonds **
'
Total
v 9,394,000
12,835,700
14,298,100
280,000
1,053,300
-
I
Sales
;
$6,000
304,500
960,190
—
9,302,000
708,960
Wednesday
'•Thursday
Friday
Bonds
*
: *
395,000
3,000
•Saturday^
4,136,885 V $50,521,800
9,700,000
$1,559,500
1943
Stocks—No.
of
shares
July 9
J"
V- Jan.
1 to July 9
*
,
-
2,609,215
1943
Bonds
iJ.
8.
Government
Foreign
$52,000
L
k
Total
$46,000
1,559,500
—v.
Industrial
1,224,000
50,521,800
——
i.
—
.
.
25,913,800
$52,133,300 f
$1,740,100
68,608,700
>
•
.
'
i.
v :
.V;-."
of
1
-
'-
-
11,000
724,000
88,000
3,000
848,000
790,000
55,000
$3,184,000
$206,000
1,546,560
!
'
-
•
:
BondS'
Foreign government
Foreign corporate
5,000
23,000
757,000
2,009,627,800
1,073,797,300
$28,183,800 $2,079,976,600
$1,152,352,300
'*•"
>
•
«
•
Week Ended July 9
1943
1942
1,546,560
— -
$3,184,000
Total
!
—
$20,000
845,000
$3,410,000
Jan. 1 to July 9
1943
1942
45,595,347
9,408,331
$2,600,000 $123,506,000
$91,528,500
2,358,000
206,000
!
J
58,000
8,600,000
20,000
L
!.
329,575
—
608,000
v
Domestic-
73,622,000
23,000
690,000
■
shares
$4,933,000
Total
$385,000
580,000 '
393,635
!
<
: :
Stocks—No.
55,307,886
.■
U.
Railroad
•
1942
V
177,666,562
$1,000
Holiday
284,475
—
.
$17,000
Foreign
Corporate
334,810
—
.
Government
338,040
•
—_ —.
iJ
Total—
$367,000
—^
>
Wednesday
Thursday.
Friday
Domestic
195,600
'•
Tuesday
$52,000' $52,133,300
,
1942
4,136,885
Bonds (Par Value)
:
.
Foreign
Shares)
;
—
!
Week Ended
V
1
<
Monday
$13,000 1•.', 13,128,700
30,000
14,714,100
386,000
's
of
>9,698,500
i
(Number
; *, Week Ended July 9, 1943
$4,892,000
■•Vs"—11
•.
■■■
<
Holiday-
962,185
!
Bond
5194,000
—
-
!
—
t Unit of trading
Stocks
Total
Government
Foreign
Bonds r;
1 Called for redemption,
Daily, Weekly and Yearly
Railroad
and Miscel.
.
<
i—
—
Tuesday
-...
July 9, 1943
Stocks,
Number of
•
.
Ex-rights.
Transactions at the New York Curb Exchange
Exchange
Daily, Weekly and Yearly
i
y
1
5,000
728,000
483,000
$2,663,000 $132,834,000
$94,369,500
$3,410,000
Stock and Bond Averages
Below
•"
*
.
are
the
daily closing
^.v>:'.. '
'■
averages of representative stocks and bonds listed
'
L
"...
30
;
n.
20
>
the New York Stock
Exchange as compiled by
on
Stocks
'
:
1
,
Bonds
:
10
10 ::
Second
;
;'•
Total
l8
Indus-
Rail¬
Utili¬
65
Indus¬
Grade
trails
Grade
Utili¬
roads
ties
Stocks
trials
Rails
Rails
ties
36.50
21.54
49.72
107.60
101.74
65.79
111.22
96.59
101.65
65.84
111.26
96.63
101.87
65.81
111.29
101.92
66.01
111.29
96.70
102.22
66.31
111.26
96.87
•
Date-
July
3_
July
5
July
July
July
6
8
July
9
__
143.70
.
—
_
—I—
.
15
HOLIDAY
__
7
___
■••
Dow, Jones & Co.:
■
First-
:
•
10
:
Total
40
Bonds
HOLIDAY
143.76
36.28
21.60
49.68
107.75
143.41
36.20
21.48
49.55
107.76
143.64
36.49
21.63
49.73
107.59
144.18
37.01
21.81
50.06
107.59
•
96.68
1
THE COMMERCIAL &
168
Bond Record «» New
FRIDAY
Prices
NOTICE
The italic letters in the column
Ended
Week
Treasury
334s
3%s_
3'As
Treasury 3%s
Treasury 3 Vis
iry
Tresury
Treasury
Treasury
3s
2%s
Treasury 2%s
Treasury 2%s
Treasury 2%s
Treasury 2%s
Treasury
23As
2%s—
Treasury 2%s
Treasury 2 % s
Treasury 2'As
Treasury 2'As
Treasury 2'As
Treasury 2'As
Treasury 2'As
Treasury 2'As
Treasury
J-D
J-D
*106..4
MS
.3
*112.
Treasury
2s
Treasury
2s
Treasury 2s
2s
Treasury 2s
Treasury 2s
Treasury
2s
2s
Treasury 2s
Treasury
Federal
l3As
1944-1964
1944-1949
3s
tV 3s series A
1944-1952
1945-1947
:
series M_
1%S
York
New
'
Cityr
7
Transit Unification Issue—
112.23
.16 107.18
*107.
—
107.6
107.10
109.11
70
.3
*113.
110.5
7:\0.
*112..9
112.11
108.15
:.9
*112.
112.11
108.21
111.16
*112..23 112.25
108.26
J-D
__
1
.6
*107.
i'yt'
m-n
J-D
__
1961
J-D
6s
1961
A-O
1961
A-0
6s
1962
m-n
1962
m-n
20
20
I960
M-S
20%
20%
i960
M-S
19%
19%
1931
j-d
Oct
1901
A-o
Jan
1961
j-j
1970
A-O
1947
A-O
m-s
Munlc 7s
m-s
T
106.20
J-D
.16 104.18
'-*104.
__
103.24
104.16
100.10
.21 100.21
100.S
100.16
30
.
; J-J
104.30
105.7
*102.10 102.12
„
J-D
ACosta
101.25
107.10
106.23
107.8
*107.8
__
*102.3
„
ioLii
*104.26 104.28
*101.12101.14
__
J-J
J-D
;
100.15
MS
100.23
'•
AExternal
*105.13 105.15
__
103.16
J-D
h -3
AExternal
s
m-n
*102.3
ar-N
„
102.1
.
07 '
102.2
C
49%
M-N
46%
M-N
1949
an
J-D
1953
1945
1945
1945
1945
1957
s
f 7s series D
AExternal
f 7s
s
series
1st
1955
1962
fund
A-O
5'As
7s
.7.1967
1945
M-S
1949
1949
stamped
Government—
part
•„
paid
part
22%
22%
*21%
*21%
22%
45
1957
M-S
92%
1956
M-N
87%
1949
M-S
External
of
5s
1927
External g 4'As
of 1928
Belgium external 6'As
:
r. 89%
M-N
90
(Colombia)
F-A
80%
J-J
0
'91 %
•
92%
:'"Lu
1945
Of 1904
1954
A Assenting 4s of 1910
^_1945
-5 ATreasury 6s of 1913 assent
1933
87%
78%
South
'■
f
82
s+i.
f 6s
1955
J-J
External
s
f 7s
1955
J-D
SABrazil (U S of) external 8s
AExternal s f 6'As of 1926
1941
J-D
48
48
48%
1957
A-0
45
45.' J-
1957
A-0
45%
46%
1952
1957
1958
1950
J-D
45%
46%
'
f 6'As of 1927
s
Ry)
(City)
Brisbane
f 5s
s
gold 5s
Sinking fund
fund gold 6s
Buenos Aires (Province of)—
Sinking
A 6s
79
s
91
99%
"
3%
A
ext to
mod 3'As
51%
87,
s
3
...
,U,
.
90%
94
92%
69%
76
f $ bonds
s
A Extl
A 8s
1984
J-J
30-yr 4s
1960
A-0
F-A
J-J
102% 102%
1
101%
102%
J-J
104% 104%
7
101%
104%
103% 103%
5
Jan
15
1943
1961
1944
1967
1968
1948
Jan
15
1953
3'As
2'As
30-year 3s
30-year 3s
25-year
-
3s
Jan
3s
15
1958
75
78
M-N
J-J
.
M-N
J-J
74%
70
1
¥-75
■
?.?!■ 78
109% 109%
:
71 '/a
6 "
2
:
105
105
105
103%
AChlle
1954
s
f 7s
Ms assented
AExternal
A 6s
A Extl
105
A 6s
100%
8 A Secured
101%
Serbs Croats &
97%
102
;
100%
-
obs
*23
20%
A
26
18%
A 8s
25%
A
M-N
21%
22
16
A-0
23'/a
23
23%
6
A-O
22
21%
22'/8
55
18%
23'A
23'A
1
20%
26
1961
F-A
21%
22%
15
18%
25'A
s
Jan
f 6s
1961
'
22%
*23
J-J
1961
A Extl
sinking fund 6s
Sep
Sep
1961
1961
21%
J-J
M-S
assented
see
page
172.
y-s
21%
20%
26%
20
24
22
14
26'A
18%
25%
20%
22%
*23
21%
10%
43
12%
13%
34
*12%
30%
14
7s
s
secured
series B
(Prov
25 %
18%
25%
External
-
External
3%-4%-4ft
100%
sy-sS
90
*87
F-A
.:v'4
•.
13
90%
89%
90%
79%
72
73
72%
70
106
*104
84
73
90
104
104
2
700":
28
24%
19%
19%
19%
19%
1940
—1968
1950
1963
1961
1966
1947
1946
—1953
1940
1968
1960
of 1926
1967
loan
—1958
—1955
1946
8s
—1960
1964
($ bonds of 1937) —
readjustment.
extl conv
79%
13%
7%s—1952
conversion—
86
14%
1958
f 7s—.—1947
fund 6s
87%
71
10
:
81'/a
81%
J-D
90%
80%
7007-'7'
79%
95
77%
;;00:
*85
A-O
92
101%
85%
*94'% 100
m-s
93
101
30
loan
—1968
f 7s
-1940
Slovenes (Kingdom)—
external
1962
sec extl
1962
of) extl 7s
1958
1979
1979
1978
readjustment—-1978
3%s extl readjustment
1984
A Warsaw (City)
external 7s
1958
A4'As assented
1958
4-4%-4%s extl
4
101% 101%
A-O
J-D
1
90%
100
( 5
115
—
4'As assented
3%s-4-4%8
•
100
90
82%
82%
7100
93
90%
100
F-A
32%
84
*88%
F-A
A-0
F-A
:"•
*84
20%
sink fund gold
AExternal sink
'<
—•
17
89%
5 7
32%
18%
'77. Y(
*89
~
15%
18%
30%
"X—
15%
12 %
11%
'
M-N
12%
9
13%
30%
19%
AUruguay (Republic) extl
AExternal sink fund 6s
25%
F-A
1960
Jan
footnotes
22
1961
assented______.
For
>
Feb
6s
AGs
A 6s
25
1960
fund
assented
Any external
*18
M-N
9%
12%
27%
extl dollar
ASilesia
104
Feb
sinking fund 6s
assented
sinking
J-J
9%
12%
20%
sink fund 4s
1964
ASao Paulo (City of Brazil) 8s_^—1952
A 6'As extl secured s f
1957
5 A San Paulo (State) 8s
1936
A 8s external
1950
A 7s extl water loan
1956
97%
17
1942
8s
External
178
26%
Sul (State of)—
municipal
101V*
8
1942
(City)
(Rep)
14%
J-D
Sydney (City) s f 5%s
A Carlsbad
14%
14%
7 30%
12%
9
11%
14%
J-D
23%
91%
i'* '
*9%
*12%
■
17%
15%
82%
5
.
m-s
Santa Fe external
100%
101% 101%
-p-
•*85
A-0
fund gold 8s
A7s external loan
A7s
70
97
11
22
90%
22,.
22
1960
6'As
100%
23
101 % 101%
101%
78%
109%
sec
101%
i
"
*100% 100%
__
76%
48%;, 60%
107%
13
*100% 101
J-J
J-J
,,
57
75
57% : 57%
—
62%
85
<
17
m-s
extl loan of 1921
A6s external
75'A
A-O
•
80
*94%
f 6s 2d ser——1961
(City of Greater)
Rio Grande do
92%
68%
„
*74
*55
m-s
f 6s 1st ser
s
Queensland (State) extl 6s
ARio de Janeiro (City of) 8s
92
83
87
.
F-A
__
85
•19%
4'As assented
APrague
51%
1976
1976
1975
7-year
J
34
34%
74%
2JAs
2'As
•
48
38
—.
73%
23%
24
68%
.1959
7s
(Rep of) external 7s
(City of) 8s
AExternal loan 7'As
50%
M-S
(Dora of)
10-year
-*80
15%
12
78
1967
1947
series B_.
(State of)
APorto Alegre
53
34
97 ;
99^
100
22%
*81
A4'As assented
100
M-S
"
95
22
m-n
AExternal sink
99%
36%
.
44;.^
.
91
..
*92
J-D
51
;
97
.
30
18%
—
m-n
AStabillzation loan s
1977
s
external
Canada
;>•, *
F- A
'-.V
i
85%
7';'
89%
1963
1994
>
1961
f 4'/8-4%s
f 4%-4%s
External readj 4%-4%s
External s f 4'A-4%s
Refunding
92
92
M-S
'
:?*-
86
72
1
.
w'—'
31
extl s f 5s ser A.1963
(Rep)
Stamped assented 5s
ANat Loan extl
'
stamped
External
99%
72 v:
*81
ANat loan extl
.
v
46% i,.
1970
1955
(City) sink fund 4'As
APernambuco
94
96%
-1944
1956
1965
1963
'
(Central
85
85%
—.
«
11
86
85%
■
Xw
;*—
M-S
1943
fAPoland (Rep of) gold 6s_:
A4'As assented
83%
\'' V
s
A7s
'••■
57
72
23
7
78
MS
-1957
1958
fund 4%s
fund 4%s
sink fund extl loan
A
94
9
42%
69%
53%
>
5s
sink
APanama
f't
83%
'; '
>
f 5s
s
sink
APeru
79
12
(State)—"
Wales
s
External
100%
11
:
•
:
X-
*99
—
J-J
1959
1952
1959
series A
Stamp
84
"Si
External
AExternal
62%
aU
J-J
1958
6'As
7s
(City)
Ext sec ref 3'As
63
¥
88
*98
45
,
(State)—
external s f 6'As
ASec external s f
54
91
98
*98 Si
12
*60
5;! ^ J-
J-D
Oslo
96%
93 %
93.
■
67
61
*27
Q-J
23%
84%
92%
91%
M
52
47%
85
Q-J
extl 5s of 1899 £
(US)
Municipal Bank extl s f 5s
16
80%
54
30%
y'yy
M-N
assented
'AAssenting 5s of 1899
23%
9
80%
133%
38%
85%
A-O
1945
24
96%
"
106%
58
"
*85%
'
J-D
4s readjusted
(Prov)
23%
'25
80%
79%
80%
A-O
6'As
* A Assenting 4s
24
42
90
107
1
64
*20%
1943
4s
16
100%
100
104 %
*85%
A-0
1954
24
16
__
96%
72%
5
*85%
J-D
24
15%
22%
*42%
100%'
'
*21%
1954
:
Norway external 6s
External 6s
15 y8
5
102% 103
' f'".
13
7
97
1957
54%
16
24
M-N
■'ai
•4 52
52
'is"-/
A-O
55
15%
23
¥•
j£i;sr.
•vl-o'v
,4
'
paid
A 6s
15%
2
29
101%
60
j-d
unstamped
52
100%
v-'"'
—
61%
J-J
extl 6s
(Republic of)
External
22%
*22%
A-0
102
■'v'.
96
M-S
1940
.
(Republic)
AMontevldeo
44
22%
*22%
J-D
19
106
M-N
¥
46
J-J
:
3
'
*51%
A-O
1942
1960
82
J-J
-v'rii-m,"
24%
F-A
1964
1968
1952
1960
1-1693
■iiM S
55
22%
A-0
39
Mexican Irrigation—
Teletype
22%
A-O
3
'Xm tii-
A Sec
*62
AExternal sec s f 7s 2d series—1957
AExternal sec s f 7s 3rd series—1957
AAntwerp (City) external 5s
1958
Argentine (National Government)—
S f external 4'As
—1948
S f conv loan 4'As
1971
S f extl eonv loan 4s Feb
1972
S f extl conv loan 4s Apr
1972
Australia (Commonw'lth) 5^ of '25-1955
54
46%
*50
A-O
AMedellln
*50
22%
37
40
Mlnas Geraes
55
J-J
30%
...
13
63%
A-O
A7s
,
New York
J-J
30% (38
.1
133% 133%
A-O,
j-j
1969
External
1945
Sisiy
95
133%
1969
AMexico
m-S
38
■
\
NY
'•
'
1952
1942
Cust Ad 5'As
95
86
Finland
L-
A-O
7
A-O
8s series B
AJugoslavia (State Mtge Bk) 7s
■
64
*•4''•r'V'-
•'4''
•'
64 '
48%
50%
106
j-d
8s ser A_1951
(Rep of)
A4'As stamped
F-A
2~'--
*102%
6
J-J
M-S
Mcndoza
York Stock Exchange
„
52
38%
3
46%
A-0
103 'A 109%
',7
.52
5
24%
.j 5'As 1st series
active interest in
7
:,
¥.-7ll\,"
49%
»
F-A
1977
5'As
A6s
197
107% 109'A
109%
23%
;
40
37
*36%
1961
Greek
:
L.
5'As 2d series
102.27
TV.; '•
0* s'
j-d
1940
7s
J-D
-.
*100
French Republic 7s
'S "> 'Si
M-N
F-A
Customs Admin 5%s 2d series
102.28
*101.14 101.15
J-D
wks
AEstonia
.
23
18
;
47%
*102%
M SLA 2d series sink
4
102.4
*102
...
•
f 7s series C
AExternal
22%
16%
'
;7
102.7
*36 Va
F-A
§ A 1st series 5'As of 1926
100.16
*101.25 101.27
__
41%
M-S
lADominican Rep
103.16
100.9
101.9.
*101.7
.
(Colombia)—
7s series B
f
s
24%
-;17%
¥.r 1
64
47%
1949
debt
External
AAntioquia
23% )
17%
v
63%
63%
V
1944
gold 5'As
External gold 4'As
100.12
100.12
'
Broadway,
1947
1948
1968
24%
18%
.
25
.63%
1951
;
External
100.27
7 100.9
*100.27 100.29
7„
7s
SADenmark 20-year extl 6s
__
MS
J-D
63%
1952
4'As
New
4s
(Dept) coll 7s A_.
;
24%
17%
■
*20'/2
5s of 1904
ASinking fund
101.1
100.23
*101.7
19%
'y
1914 series A
loan
A Public
100.23
100.14
__
(Republic of)
A Czechoslovakia
102~7~ 102~28
101.11
*101.9
__
of)
(Rep
external
Municipal
6s
'£■ jj,?,*
—
5
20
20
tS':-
24
.24 %
20
•«—•
•V;
r
1946
Sinking fund 5'As__
iolw
101.9
*101
101.2
100.27100.27 100.27
m-s
Members New
(King of Norway)
•
.y
1947
5s
External
WERTHEIM &. CO.,
sink fund
J, ■'%
.
17
20
*19%
24%
20
15
21
2u
1953
(City)
5s of
;
J-D
Mtge Bank 6%s
Rica
4'As
102.5
bonds
External
*104.13104.15
' MS
$
25-year gold 4'As
Cuba
101.25
J-D
[
f
s
Copenhagen
\
sink fund 6s—
20
25
17'A
•
101.13
»106.28 106.30
J-D
1927
external
AColombla
100.22
100.15
101.4
.2
*101.
m-s
-.
100.21
100.6
Ml
100..14 100.18
1928
of
5s
ASinking fund 7s of 1926
ASinking fund 7s of 1927
Foreign Securities
AGtd
-•
22
*19%
"
101
100.3
;
of
A 6s
3s
!
AGtd
itV'i
(Republic of)—
104
104
*104..15 104.17
1.29 100.31
*100.
—
J-D
(Hukuang Ry)
107.13
.77
»
m-s
4
AChlnese
106.31
106
.29 107.31
*107.
V__
and other
120
■:
25%
:
-7,;;
J-D
assented
A7s
A 6s
107.11
South American
REctor 2-2300
7
2
2i '/8
1961
assented
A Chilean Cons
,7v7"'¥ S
Telephone
2'/a
}t'$S
26
25%
19%
1
26
18%
22%
J-D
f
A 6s
107.8-
.9
*107.
m-s
We maintain
Akershus
High
23%
18%
20%
13
J-D
6%s
Colombia
.11 104.13
*104.
J-D
.
0
22'/a
¥22%
•
m-n
Irish Free State extl s f 5s
Agricultural Mtge Bank
Low
;
•'
;
21%
112.20
•
5:.-.
1980
&
January 1
No.
*23
A-0
(Republic) s f 6s series A
Helsingfors (City) extl 6%s
Govt.
Range Since
High
1957
Haiti
Foreign
Bonds
Sold
1957
AGuaranteed sink fund
111.10
J-D
.
1963
A 6s assented
:•„
"104.26
5
108.10
7,77;
Corporate Stock
3%
LOW
A-O
:
1963
6s assented
AGuaranteed sink fund
111.13
109.9
104.5
o
J-D
:
6s
A6%s assented
MS
;
..1962
1962
ASinking fund
106
110.6 1
112.5
Owners' Loan Corp—
Home
•
7'
sinking fund 6s
assented
A6'As assented
110.20
105.28
^7.7:7.
Mortgage Corp—
Farm
3'As
110.13
106.6
:.23 112.23
112.
w-
MS
Treasury
2s
Treasury
Last
Sale Price Bid & Asked
Period
(
-v*
AChile Mortgage Bank 6'As
103.3
106.30
*104..14 104.16
M-s *■:.
MS
A
10L31
102.1.
.10 111.12
*111.
J-D
2'As
Treasury 2'As—,
Treasury 2'As.
Treasury
'
"
J-D
1953-1955
June 15 1948
2'AS
A 6s
106.6
.1
-
.14 106.16
'106.
Treasury
Treasury
100~24
"l
102.1
.1
102.
.102.1
V J-D
2%s_
Week's Range
or Friday's
Friday
Interest
Exchange
July 9
AExternal sinking fund
.24 100.24
100.
100.24
A-O
1963-1968
1964-1969
1967-1972
:1951-1953
___1952-1955
1954-1956
1947
Mar 15 1948-1950
Dec 15 1948-1950
Jun 15 1949-1951
Sept 15 1949-1951
Dec. 15, 1949-1951
March 1950-1952
Sept 1950-1952
1951-1955
Treasury
Stock
Ended
(Continued) —
(Rep)
AExternal
106.3
.21 107.23
*107.
A-0
1951-1954
1956-1959
1958-1963
1960-1965
1945
1948
—1949-1953
1950-1952
1952-1954
-—1956-1958
1962-1967
Treasury
Chile
114.1
104.26
13
1.26 104.26
104.
: (
J-D
m-s
—1949-1952
—1946-1948
—1951-1955
-1955-1960
—1945-1947
3s
High
113.6
1.17 113.19
*113.
A-O
1947-1952
1944-1954
1946-1956
1943-1945
1944-1946
1946-1949
Treasury
■
York
Week
■
4s
Trei
Low
HO.
High
New
,
1
January
Sold
Asked
Low
414s
Treasury
BONDS
Range Since
Bonds
Friday's
Sale Price Bid &
Period
July 9
or
Government
S.
U.
Last
Interest
Exchange
Stock
week in which they occur. No account is taken of such sales in computing the range for the year.
Week's Range
Friday
BONDS
York
New
YEARLY
-
the month when the bonds mature.
Period" Indicate in each case
headed "Interest
WEEKLY
-
shown in a footnote in the
regular weekly range are
and when outside of the
the week,
York Stock Exchange
Cash and deferred delivery sales are disregarded In the week's range, unless they are the only transactions of
and defaulted bonds.
Interest"—except for Income
"and
are
Monday, July 12, 1943
FINANCIAL CHRONICLE
'
mm*.:'
A-0
•0
*16
'$%■
a-0
A-0
*21%
*15%
A-O
17%
17%
J-J
J-J
■77. 15%
J-D
7
27%
26%
J-J
•
*45 ,7
M-n
97'A
F-A
0' .v-r'":v'
.•■
F-A
27%
23
"V '00
77;
14
17%
15
20%
777; 1
16%
17%
30
15
17%
30
30
35%
27%
7
26%
50
,7V' "'.00' •*.•
20
97%
90%
97%
18%
31
16%
30
0:
32
.
30
7
29%
*
7'
_
'
13
13
33
00
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—
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•
y
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.***
7'
•
'
X
13%
85
^0 77:
94%
84
-
'
i'
•
0—'
87
78
3
67
66
67
67%
68
71
66
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67
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*68
——
*
'
■
J-J
_r
.
—M.
72%
61%
60
m-n
F-A
88
64
-
87
85%
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*85
—
m-n
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17%
—
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'
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—
'
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•
72
10
11
7
0'
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94
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46%
62
11
13%
48%
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15
13
*11%
48%
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6
J-D
52%
32
^
12
15%
13
41
7
■
5
.
72
13
;
17%
'77
38%
69%
—
34
26
45
38%
J-J
80%
4
18%
..7,
.
V",
44%
m-s
31
73%
41%
41
17%
79%
30%
41%
31%
31%
21
.f
;.7
29%
m-n
33%
17 7,
18
7
7
5
,7
29
1
20
7
29
30
*30%
m-n:
m-n
12%
1
15% /
34
*77%
m-s
m-n
23
10
"77."7
17%
29
29%
r
16
7 58
777 28%
29
A-0
00-
29%
m-n
J-J
S
28%
032
A-0
J-J
7
'27%
29
J-D
r •" 15
•• X''' 00>:v
23%
rVy.0^"
28%
A-0
J-D
V
'
■^0" -0
16
23%
13
18
7'
16%
*15%
12%
*U%
13%
*11%
13
'.
——7
.
„
66
12
'
'■
,
12
10%
13%
Volume
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4193
158
NEW YORK
BONDS
New
Last
Interest
;
,
y
Low
(
,
64 Vi
1953
1953
1948
1947
J-D
__
10-year deb 4 Vis stamped——_1946
F-A
104
AStamped
tr gold 4s
Coll trust 4s of 1907
Gt
1st
Southern
4s
cons
1st mtge
1st
J-D
63
Cart
Clinch &
Carriers
76%
48 Vi
104
1U4V4
& Gen
Adir
&
Corp 5s
1st
102
A-O
110
70
69%
—
•
62
♦99% 100'/a
.
7
67
100%
947a
•
93 Vi
Central Illinois
modified.
..
income
.——/—_„
.
Am
83%
84%
•■'105%
M-S
109%
X.
V
—1949
5Vis—
;v '
>
69 ft
6
102
107
89 72
54
78 ft
43
103 ft
106
106%
18
'
4s
110
1037a 10474
89
AGeneral
106
17
109% 109%
106%
;
69%
84%
62
v
89
53%
•'/'
Telephone & Telegraph Co.—
1961
3Vis debentures
1966
3s conv debentures
——1956
Amer Tobacco Co deb 3s
1962
Am
10774
109%
1077a
1097a 1097a
115 ft
115
11572
319
107
104 ft
104
104 74
27
1007a
1047a
M-N
104 ft
104 7a 105
'20
987a
105
ft
74
73
AAnglo-Chilean Nitrate deb
_1967
Arbor 1st gold 4s—__
1995
Ark & Memphis Ry Bdge & Term 5s 1964
Armour & Co (Del) 4s B
____1955
1st sink fund 4s series C (Del)-1957
>
727a
73
17
51
697a
6974
26
61
M-3
102
1067a
38
10374
1037a
1077a
V 102
J-D
11072
1955
*102
J-J
1962
M-3
110
1st gold 5s
1946
1944
J-D
*109
J-J
*102.20
A L 1st 4Vis A
&
coll
N
105 7a
Atlantic Refining
105
6
607a
1057a
98
102%
55
16
30%
90
49
68 ft
90
40ft-
41%
53
23%
50
17%
10
6ft
51
16 ft
17
52%
J-J
33 ft
33 ft
a-o
55
19%
6ft
19%
3
53
5
:
35
20
37%
*112
gold
5s
..I960
36%
101
33
r
31ft
34
163
32
31
32ft
*30
34%
-V
10874 1087a
J-J
(J
a~-o
V
95ft
a-o
17
__
94%
•
v
ft
40%
16%
3.8-s
95%
387a
18
16 ft
\
36
20
;•
34
108ft 111
50
92 'J'
■
111%
84%
71
.
83
95%
7P/a
92%
55 7a
'"•tiVi;
71%
'
6872
68
69
72 ft
72 ft
112
•,
of Ga— '
__J___i__1942
5fts
83
34
1987
_______1962
110%
827a
35ft
'
M-N
i.a4o
M-3
a___
gold
4
71ft
72 ft
28
92ft
100ft
133% 133%
4
130ft
133%
1077» 107%
29
1027a
107%
107% 108ft
20
102
10874
118%
121
100
99% 100
; '
47aS
1992
&
impt mtge 372S D
&
impt M 372S series E
,>996
M-S
133%
M-N
1946
-107%
J-J
J-J
Illinois division 3 7aS
372s
4s
1107a
111
114 ft
__1949
registered
v
,
J-J
A-O
II
:
II'.''
*120
>118
11574
1157»
27%
372
15%
31ft
99% 100%
__
44
92%
100%
27%,,:;26%
4s___,
_1949
registered
997a
93%
102% 103
14
99
96%
103
977t
*100 7a 101%
10174
1958
5s
98
96%
98
198
81
82%
81ft
82%
98
65
84 ft
F-A
90 ft
89%
91ft
79
73%
92 ft
J-J
46%
1982
M-N
98
Chicago & Eastern 111 RR—
Chicago & Erie 1st gold 5s
M-3
F-A
1997
A
series
11274
1027a
6
10274
AGen
no
1037a
mtge
inc
(conv)
46
47
262
32
47
124
124
4
118
124
1047a
__
1037a 1037a
*—
1971
&
no^
111
103
1977
& ref 4fts series B
1st
1097a
13
ft 110,7.
100
7-j
1949
General 4s
ref
J-J
1949
Division
1st
2
M-S
9274
917a
9274
238
877a
73
717a
73
152
63
86
847a
8674
417a
4074
417a
37
37
Chicago Gt West 1st 4s series A
1988
J-J
74%
2038
J-J
44 ft
JAChic Ind & Louisville ref 6s A__1947
J-J
ARefunding gold 5s series B____1947
93
J-J
ARefunding 4s series C
J-J
AGen inc mtge 4
'
.'
•73
94
747a
88
21
3274
2
29 7a
1952
1948
J-J
J-J
1959
J-J
104 >104
2
1007a
1047a
M-S
1067a 1067a
2
104
106%
deb 3s
1067a
10272
53%
17
1987
Potts Creek Br 1st 4s
108
-1948
Oct
4s
Atl Gulf & W I S3 coll tr 5S
3%s
stamped
1107a
1953
gold 4s
mortgage
101
48
52%
F-A
Illinois
M-N
Atlantic & Danville Ry 1st 4s
8
18
17
F-A
11872
1
J-D
July 1952
1964
1st cons 4s
110
65
1057a
1017a 102
40%
A-O
1996
107
11474 114 74
J-J
1944
unified 4Vis A
107ft
88%
F-A
10672
9574
*11072 1117a
J-D
Atlantic Coast
Second
967a
1107a 1107a
30-year 5s series B
General
11174
6
106 Va
J-D
Atl & Charl
L
106
1st & ref 4Vis A
Cal-Ariz
35
117
11774 11872
118ft
Nov
1960
Atl Knox & Nor
1st
A-O
10574 107
1st 4s__
104ft
7
J-D
R & A Div 1st cons gold 4s_
_1989
2d consol gold 4s
1
—1989
tAChicago & Alton RR ref 3s_—1949
1067a
11
107
1905
High
62
"
1067a
M-N
gold 4s of 1910
105 78
J-J
;
Power
Ref
71
.
10574 1067a
1958
Conv 4s of
Conv
Trans-Con Short L
Y
Ref
*106
——1995
-1995
_1955
gold 4s of 1909
Low
5
Chicago Burlington & Quincy RR—
Fe—
General 4s-.—.—— ---———1995
Conv
N
General
Atchison Topeka & Santa
Adjustment gold 4s
Stamped 4s
*58 7a
J-J
Chesapeake & Ohio Ry—
>
7106
106 ft
F-A
J-J
*
1037a
•
7
Q-J
Ann
No.
1047a 105
—
A-O
1961
1987
§ A Central RR & Banking Co
1157a
A-O
Jan
1047a
M-N
1966
110ft
29
M-S
Wks & Elec 6s series A—1975
Wat
43
F-A
__1987
4s
Certaiu-teed Prou
1097a 11074
f
55
Guaranteed
106%
110ft
A-O
J-D
Range Since
January 1
Sold
1037a 1047a
102
J-D
ref gtd gold 4s_1949
Through Short L 1st gtd 4s;
1954
American
debentures
J-D
Central Pacific 1st
91
5s
3 Vis
Light 3Vis_„
registered
Central
1057a
104
!
J-J
.1945
New Eng 1st gtd 4s__
tACentral of N J gen gold 5s:
5s registered
98%
607a
170
"
.
F-A
1945
JACent
"70 " ;
'
18
105% 106
10474
M-N
J-J
Corp conv 5Vis___. -1949
*65 ft
„
89% A
M-3
deb 5s_____. -2030
conv
276
"
F-A
Chem
Internat
89
84 ft
A-O
,7
98%
83
-1951
Foreign Pow
G
97%
Mfg conv 4s____. -1952
Allis-Chalmers
&
•
-1998
Alleghany & West 1st gtd 4s
Corp 4Vis debs
Amer I
v
,_1950
98
89
v
A-O
Allied Stores
Am
,_1950
4-0
Bonds
High
99
Alleghany Corp—
J-D
M-N
1948
Nov
Friday's
1087a 108%
1962
;
ARef & gen 57as series B__
__1959
A Ref & gen 5s series C—
1959
AChatt Div pur money gold 4s__1951
AMobile Div 1st gold 5s_
1946
'
1047a
M-S
1947
Corp 3 Vis debs
tCentral of Georgia Ry—
A 1st mige 5s
;
§AConsol gold 5s_____j
104 ft
62
J-J
1981
Celotex Corp deb'472S w w__
ACent Branch U P 1st gold 4s
108
or
Bid & Asked
*
v
1950
w__
gtd gold 4s
106
1
66 Vi
Albany & Susquehanna RR 37as,—1946
'■
3 Vis registered..—.
1946
,_1949
w
Week's Range
Last
Sale Price
Low
_1965
102%
101 Vi
66 7a
*66%
A5s
Period
Ohio 4s_
Celanese
10
109% 110
A-O
*100%
5s
Interest
.>• v ..4
•
103 Vi
17
*103% 105
J-J
A-O
modified
V
■
104 7a
102
—
*102
A-O
5s
'
>
,y"'.\
Friday
Frrhnnfe
July 9
102
•
1948
assented
Stork
Ended
102
*103'/8
M-N
1967
3 Vis ser A—:—.i_-.
1st mtge 37as
warrants
7
71 Vi
64 Vi
J-D
Power
with
6s
>
High
J-D
consgA 5s—1943
1972
Albany Perfor. Wrap Pap 6s_____—1948
Alabama
Low
64 ft
63
—
M-S
B—_________ 1943
series
No.
York
Week
January 1"
«
t§ACarolina Central 1st gtd 4s____1949
J-D
Ala
High
New
Range Since
Sold
Carolina
{Abitibi Power & Paper—
§A5s series A unstamped
Adams Express coll
Bonds
Companies
and Industrial
Railroad
BONDS;,
Friday's
or
8ale Price Bid & Asked
Period
July 9
Ended
RECORD
Week's Range
Friday
*
/-
Exchange
Stock
York
Week
BOND
169
*
,457a
>
40 7,
A 1st
& gen 5s
A 1st
& gen
7as
1947
series A
_1966
6s series B
747a
16
66
76
447a
41
3874
45%
3174
517a
3174
50
29
47 ft
50
-
47
J-J
1956
6%
14
21
6%
15%
91ft
19
66%
91ft
63 ft
J-J
48
14
14
1
14
90%
May 1966
45
13
1372
47%
45
47%
M-N
Chicago Ind & Sou 50-year 4s
75
43 ft
*49
65 ft
10
ft
15 ft
^Chicago Milwaukee & St Paul—
AGen
4s
A
series
May 1 1989
J-J
AGen
gold 37as series B__May 11989
J-J
62%
AGen
472s
series
C
May 1 1989
J-J
68 ft
AGen
472S
series
E
r___May 1 1989
J-J
AGen 47»s series F
May 1 1989
tChic Milw St Paul & Pac RR—
J-J
68 ft
1975
F-A
Jan 1 2000
A-O
B
Ohio RR—
&
Baltimore
.'
65 ft
271
43%
617a
62 ft
27
40 ft
64
66%
68 ft
85
44 ft
69%
66%
67 ft
28
45
69 Va
66
68 ft
60
45 ft
69 ft
41
39%
41
1,028
18 ft
41ft
157a
13%
15 ft
2,945
4 ft
15 ft
-
■
67 ft
'
727a
A-O
July 1948
mtge gold 4s
1st
Stamped modified bonds—
V.
1st mtge gold
(int at 4% to
Oct 1 1946) due
July 1948
727a
7574
5974
90
73
76
A-O
i
.
.
78
76
75
'
(int at 1% to
rjU'i Dec 1 1946) due
1995
'
Ref & gen ser C (int at ll/a%
',60ft
:
■
77%
; ' /
42%
to Dec 1 1946) due
1995
Ref & gen ser D (int at 1% to
J-D
47ft>:-
due
———2000
Ref & gen ser F (int at 1% to
Sep 1 1946) due—
—1996
■
J-D
M-3
;__Feb 11960
F-A
.
:
due
A^onv
.
1
Jan
to
Toledo Cin Dlv ref 4s A
35% '•
57-
'
42 %
ft:--
41%
42% "
4272
: v-
-
41%
42%
80
32%
32%
337a
282
247*
M-N
63%
65 ft
76
33
r
? .
170
32%
•
527a
52 ft
AGen 4%s
'
37%:
AGen
4s
;
-
51ft
5s
Fed inc tax
•
:65
J-J
,
57 ft
.57%,
Mi
57%
16
y. M:.:
'
J-J
•
,',
^
132
'
' *96%
V'
•
62
6174
3
60
M-N
597a
&
ref
472S
May 1 2037
J-D
Alst
&
ref
May 1 2037
J-D
47
M-N
12%,
—1949
:i
47:;6«vi
4774
11%
>•
46ft
46%-
47
76 ft
46%
Alst
/
59 ft
45 ft
76 ft
46
59 ft
57
12%
33%
59
12
I,
75 ft
M-N
C
K
64
J-D
57 ft
33 ft
32
■
52
,7
58 ft
30%
x.
34
63
71
'
62T
62%
1987
47as
-w
59
61
64
May 1 2037
96%
101%
10474
24
•
100
1.00
100 74
128%
132
10574
105
25
105
,
:■• ;■
X
5
997»
100
34
987a
J0074
6
v'■
103%
10574
;*'i
.
>'
102% 102%
..
2
103%
105%
1
100%
102%
10
102ft
105ft
102%
103
"Vvl.
\'2 ,*,v 104% 105
Railways
part paid
25%
45 7a
82%
series II
M 5s
—
j-d
M-S
M-N
&
Debenture
ref
os
F-A
F-A
:
58
104
39
30
23%
22
108%
33%
64
597a
1
39%
54
23 7a
46 ft
55
..
35 ft
56
•'
; >22%
47 ft
76 ft
35
23
477a
546
»- 4
13 ft
,
1047a 1047a
13
10674 106 7a
57
94 74
1037a
937a
10
947a
103 7a 10474
UOft 1107a
103%
.
■
1067a
83
ft
96
10474
99
23
/
1057a
10474
110ft
115ft
109
4
ACertificates
,
,
.
of
—
111
to
1946)
at
Consolidated
ft; t;
447a
a-o
—1955
1960
Bush Term Bldgs 5s gtd
2172
20 72.'
a"-o
3574
92
457a
J-J "
197a
217a
50%
207a
19
887a
73
-I
727a
National
Guaranteed
Guaranteed
Guaranteed
5s
.,9572
1957
J-J
J-J
gold
5s__
Oct
gold
Guaranteed
gold
gold
4Vis__
A-O
1955
J-D
>
9
V'
;■
887a
77
'
71
62 ft
737a
49
62
59
*44
J-J
103%
1952
J-J
103
1962
M-S
109ft 1097a
109ft
1963
4s
com
J-J
1047a
103% 103%
/
30
107%
5
10372 1047a
110%
100
127
1027a 103
103%
94%
103
97
60
86
56
15
Cincinnati
-1966
F-A
-1967
J-D
1st
Cin
..1943
Gas
Elec
&
37»s
mtge 3 72S
1st
Union Term
1st
-1971
<
*111
104ft
J-D
J-J
Wab h M Div
-1991
78
59
527a
—
1087a
1117a
-
110%
III74
—
108%
1107a
—
109 %
112%
-1948
F-A
-1981
56
56 ft
79%
108 ft 1087a
•10
J-J
?
i''; 79%
>
71
897a
85 ft
90
46%
61
10
46
58 ft
3
65
82
F-A
-1977
183
,
M-N
-1950
35
57%
85
*90
M-N
J-J
85 ft
567a
85
57
J-J
-1P90
-1970
1st 4s_
coll tr gold 4s
1st
...
287a
i, i U 74
J-D
-1977
gold 4s_
L Div
38
*112 ft
F-A
-1993
Cin
I
41
i'
Louis Ry—
-1993
General
ft
*111 ft
*
M-N
-1969
gtd 37aS D
mtge gtd 37bs series E
Cleve Cin Chic & St
Cleveland Elec Ilium 3s
Cleveland &
;■/'
Series
C
372s
88
Series
D
372s
ref
&
1087a
79
109%
108ft
106%
108%
Pittsburgh RR—
73
58
2
5
75
53 ft
5
22
637a
gtd
gtd
472S series B
Short Line
Union
1st
Term
f 5s series B
s
f 47as
11574 11674
15
111%
7
1077a
109
11572
1157a 1157a
15
113 ft
115%
115 Ma 1157a
1
11374
1157a
1167a 1177a
12
113%
117%
11
111ft
1157a
Columbus & H V
97ft
96ft
97ft
12
71
92
91
92
32
75ft
93ft
A-O
83
80%
83
65
647a
86%
A-O
75
76
63
-1945
J-D
Debenture 5s
11572
A-O
A-O
72%
*103%
x
97 ft
59%
78
103%
—
104
80
,
93%
116ft.
10774 108
105ft
-1961
-1973
;
series C
108
105
—
108
—
*106
108
108
*106
-1977
gtd
Coal River Ry 1st gtd 4s__
1157a
105
-1972
gtd 4fts
gtd 5V2S
s
1177a
115
957a
Colo
Fuel &
Iron
of
ACertificates
Columbia
G
E
&
49
1107a
11274
Columbus & Sou
112
113%
Columbus
m-s
5s
1944
1954
I960
J-J
86
40
100H
100 IS 101
10
J-J
1037a
1037a 10374
7
J-D
1047a
1047a 10474
18
95 ft
997a
18
91
86
85 ft
99
71ft
100
f|
103%
86
102ft
105
104%
997a
5s
inc mtge__. -1970
t A Colo & South 472S series A_____1980
23
,
52 ft
112 7a 11274
172.
72
577a
51ft
1117a 112 74
page
72
60
112
see
70
56%
51
11272
footnotes
71
70
56%
4874
J-J
.
M-S
13 ft
90
67
66 ft
J-J
4Vis_—
J-D
37%
4ft
>
527a
M-S
trust
J-D
1
517a
1951
equipment trust ctfs_
trust gold 5s
80
-
A-O
8
F-A
4%
Coll
*72
20 ft
70
A-O
1946
Collateral
J-D
11
M-N
deb stk perpetual
Coll trust 4 Vis__
-1946
Northern Ry deb 6Vis
Pac Ry
92
36
..1952
957a
F-A
1956
4%s
4Vis
1969
—1970
gold 5s
Guaranteed
Guaranteed
1962
—July 1969
gtd 5s A
gold 4Vis
gold
*90 7a
1963
5s
1st
95
109
109
A-O
417
11%
J-D
,_1957
deb
Co
Debenture
1st
A-O
483
11%
37%
M-N
1951
General 47jS series A
1966
37%
M-S
5s
Childs
Gen
cons
34 ft
deposit
West Indiana
Cleve
Canada Southern
19
Station—
Cleve
California-Oregon Power 4s
1,186
58
2274
7
73
85
..
23 ft
11
81
7
85
a-o
11%
100
197a
88 7a
34 ft
1960
1st & ref 47»s series D
St
of
5s——
7 44
;
—1934
deposit———
Bush Terminal 1st 4s—.—*——1952
A Certificates
Af-N
1957
due
JBurlington Cedar Rap & Nor—
f Alst & coll 5s
1
56 ft
32%
34%
Dec 11960
mtge 3 7as series F
&
57%
35
A-O
General 5s series B
(interest
modified
1st
33%
13
-1951
mtge 37»s series E
Chic
728
567a
1960
guaranteed 5s
Union
46%
57%
55
1952
Memphis Div 1st gold 4s__
1st
4
54
54ft
1951
gold 4 72S
Chic T H & Southeastern 1st 5s
Chicago
54%
57%
1934
Chicago St L & New Orleans 5s
Gold
37aS
Income
J-J
56 ft
5 A Refunding gold 4s
§ASecured 4fts series A
AConv
F-A
1988
deposit
Ref & impt 472S series E__
j-d
Buffalo Rochester & Pgh Ry—
Stamped
1927
JAChic R I & Pac Ry gen 4s_
58
41ft
111
*100 7a
F-A
1981
Buffalo Niag Elec 3 Vis series C—1967
39%
stpd
5s
tAChoctaw Ok & Gulf cons 5s
110ft 1107a
1067a
M-N
—1957
86%"
56
79
1047a
J-D
1950
gold 5s
1st lien & ref 5s series B
73%
8574
M-N
Buffalo Gen Elec 4Vis B—
91
847a
M-N
1947
series A
38
11074
10074
80
'•
—
377a
56 ft
7
92 ft
2
91
92
78
1
100 ft 10074
8574
M-N
M-N
92
*90
J-J
1960
AInc mtge 4Vis ser A———July 1970
t A Boston & N Y Air L 1st 4s——1955
Bklyn Edison cons M 314s
1966
Bklyn Union El 1st gold 5s_——1950
Bklyn Union Gas 1st cons gold 5s_1945
1st lien
10074
A-O
—1961
4%s series JJ
mtge 4s series RR
103.8
92
1st
tSAChicago
-75
60
'
■
''
^A
1967
1955
1st gold
Fir
58%
59
M-N
gold 5s
stpd
175
__
ref
ACertificates of
Canadian
'r*
M-N
-1936
32%
■
■
.
'
&
,
75
4574
x---w-
132
100
^
1, V'-.—
59%
■
...: 131
■*:
,
J-J
F-A
__
99
101% 102%
A-O
1944
Big Sandy 1st mtge 4s
Boston & Maine 1st 5s A C
Can
59 ft
1987
'.
116
59%
■*,. 58%
1987
AConv 4%s series A
■
105
J-D
mtge 3V4s series H
Canadian
•
A 1st
Y;'
14
■
697a
•45%
'
101%
A-O
A-O
'-r,
:
'•
J-J
69 ft v'
68%
•
69 ft > -69
v:
J-D
A-O
F—£—1959
ii)—1960
—1965
mtge
Consol
69 ft
J-J
3s series G
Consol
3%
M-N
68 ft
58
*—•
59
;
?
4074
46
87
58%
57
57%.
J-J
4s
ret
Consol mtge 314s series
1st
M-N
_1987
stpd Fed inc tax
stpd Fed inc tax
A4 Vis stamped
i 5 A Secured 672 8
70
M-N
1987
p
n
M-N
1987
registered
M-N
1987
4s
5
1951
4s
stamped-1951
Battle Creek & Sturgis 1st gtd 3s__1989
Beech Creek extl 1st gold 3Vis
1951
Bell Telep of Pa 5s series B——1948
1st & ref 5s series C
1960
Beneficial Indus Loan 27is
—1950
2%s debentures.
.—
—1956
Beth Steel 3Vis conv debs_—
_1952
1st
1987
,
•:'
59
.
tChicago & North Western Ry—
AGeneral gold 37as
3728 registered
x
Aroostook RR—
Bangor &
Con
:
52M»:
AStpd 4s
1950
1959
due
1947)
47%
32%
;
'
a
.-•«
>;
M-S
Pgh L E & W Va System—
Ref gold 4s extended to—.1951
S'west Div 1st M (int at 3ft% >
•
47
•':j; 313
42%
AGeneral
Sep 1 1946)
v
417a
.
Mtge gold 5s series A
| A Conv adjustment 5s__
Ref & gen ser A
.
A
r*
;
&
Tol
A Commercial
Income
deb
deposit
deb
5s
—May 1952
extl gold 4s__1948
Ohio El
1st
1st
w
w
mtge 37as series I__
debs
92
103
648
24%
46
2
25ft
46ft
102 7a 103
107
92ft
103ft
J-J
102 ft
1017a 102%
174
46%
110
M-S
F-A
*112%
372s.
Apr 11969
May
967a
;
1968
—1958
94ft
88
110
*110
A-O
1955
45
108 74
110
110
—
Mackay Corp—
Commonwealth Edison Co—
Conv
46 ft
M-N"
1970
37is
extl 4s
92
4574
M-N
——.
1961
1st
:)
A-O
967a
J-D
11174
111 ft 111ft
J-J
115
114
115
23
4
41
54
1107a
46%
102%
1107a
110
112%
105
111%
108% 115
,
THE COMMERCIAL, & FINANCIAL CHRONICLE
170,
Monday, July 12, 1943
NEW YORK BOND RECORD
I!
Week Ended July
Interest
Feriod
9
ft
;
ref 4Vis
Conn Ry fit L 1st fit
*113Vi 119
-1951
s
f 3%s A—«...-1961
Consolidated Edison of New York-1940
3Vis debentures—
-1948
3 Vis debentures-—-—
'yryy.-f.Vv.nio
F-A
Conn River Power s
a-0
■
^'7
31%
51%
17
33
51%
32
92
45%
■
45%
45 Va
99%
■
4
99%
99%
12
51%
103
—
1st- mtge
.1965
M-N
.1970
.1969
J-D
.1942
J-D
.
>-T
96%
101
37 Vi
37 Vi
j-J
27
50
40
19
ill
& Iowa
63%
63%
63%
63%
78%
8
58
76
12-
'
42
60
7
47%
60
11
48%
64
62%
80
174
47%
60
53%
97
43 Va
56%
80
j-D
53%
57
52%
A-O
J-J
51%
47%
A-O
22%
19%
A 1st
_1950
J-J
1956
J-J
5s
series;
48 %•
Ipterqat Hydro El; deb 6s^,.„.,
37 Vi
27%'
40%'
Internat
42
48
."Alst gold' 5s series C__,
5
"26%
39%
96%
:
Paper 5s series A & B
100%
1st lien Si ref 6%s_
41
V
98%
24%
42 ;
108%
108%
'*4
104% 1Q5%
'6
101%
102%
2
102 V*
104
389
24%
52%
6%
22%
101% 101 %
52%
22%
917
1
47%
45%
48%
161
45%
48%
178
23%
48 Va
65%
66%
35
38%
.70
104% 104%
1
102 Va
105 Va
107%
16
104%
107%
102%
~6
95%
78%
79%
159
63%
80%
81%
83
123
66%
85 Va
4
6
1%
,64%
J-J
M-S
107
107 Va
M-N
J-J
102
-1955
F-A
M-S
82%
; 7;
4
■:
23%
48%..,'
92
102
79%
tAIowa Cent Ry 1st & ref 4s—1951
:
*98 Va
F-A
1952
Debentures 5s_r—
4
'
103% 103%
.
82
47%.
1947
Int Telep &;Teleg deb gold 4%s
41
105% 105%
A-0
___1955
—
7
*108% 110
A-0
1947
98
.
40%
,
A-O
IhtrRyfCe«t Amei? 1st 5s JJ—1.1972
s
97
M-S
,.1944
Ref sink fund 6s series A_
,
11
99%
5
V
67%
58%
*78%
58
J-J
42%
37
F-A
—1963
36
99%
92%
*79
j-D
1st" gold 4s
30
37
37
J-J
1963
50
37%
A-0
60
j-J
51
*47 " " 50
J-D
60
_1950
'
39
38
2
39 J/2
-V
60
AAdjustment 6s; series A__.July 1952
97
45
30
49%
—
93
32%
37 Vi
*47
J-D
76
59 Va
t Alnter-Grqat Nor 1st 6s series A. 1952
'
111
102
43
78%
75
59
tAInd Si Louisville 1st gtd 4s_,
1956
Ind Union Ry 3%s series B—^—1986
Inland Steel 1st mtge 3s series F—1961
Inspiration; Consi Cppper 4s
;__1952
Interlake, Iron conv deb 4?__
1947
112%
1
97
*41
1st ref 5s series A
1st & ref; 4%s series C
Ind
109
108%
3
111
*101% 102
A-0
.1955
V
110%
—
111
M-N
.1950
Ry 1st 5Vis
A Deposit' receipts——----[1952
A Cuba RR 1st 5s gold—
A Deposit
receipts—————
-1946
ATVis series A extended to—_
A Deposit
receipts—
.1946
A6s series B extended to——A Deposit
receipts——-1955
Curtis Publishing Co 3s deb—jACuba Northern
*108%
111
107%
14
111% 112%
M -N
78%
J-J
110
109%
2
110 Vi 110 Vi
M-N
.1966
108%
110
*109
M-N
.1907
54%
85
1
111 Cent and Chic St L & N o—
y
,
,
3 Vis mm mm mm mm <W»«p»W«•» *i* ■"» «"»■—*
3Vis
1st mtge 3Vis—-—
1st mtge 3 Vis——
1st mtge 3 Vis-—i————
Crane Co 2 Vis s f debs——--Crucible Steel 3%s s f debs——
1st mtge
59
45%
High
56%
42%
122
59 Va
J-J
45%
gold 3s
52%
92%
76
1951
Springfield Div 1st gold 3%s„—1951
Western Lines ,1ft gold 4s
1951
45
j —j
51 Va
78%
.1951
45%
Low
92%
J-J*
St. Louis Div Si Term
Gold .3 %si—
45%
January 1
No.
33
F-A
105%
45%
Range Since
Soid;
66%
J-J
103%
j-j
j-j
52%
.20
j-j
Bonds
High
65%
J-D
105%
105
,
F-A
Qmaha Div 1st gold 3s,-——1951
Joint
Co—
Consumers Power
106%
66%
109%
105
Friday's
Low
7
M-N
108
j-d
-I960
Consolidation Coal s f 5s
Refunding 5s_———_1955
/dOv-year1 4%s_^„_
^^______i_1966
'/ Cairo Bridge gqld 4s
.——1—1950
Litchfield; Div 1st gold 3s_—1931
t Louisville Div $/Term gold 3%sr.1953
106%
iua
-1956
4s—————
ADebenture
105 Va
•.
or
Sale Price Bid & Asked
:
105%
108°/a
-1955
4s__
A Debenture
14
Week's Range
Last
Feriod
Illinois Central RR—(Continued)
104%
-1954
fAConsol Ry non-conv deb 4s—
r
1
109
debentures-——
vConsolidated Oil conv deb 3Vis—- -1951
102%
IS
j-j
.
Interest
Week Ended July 9
No.
Low High
'■ ;>y^77. 108.
108
fyvvv 7/' ....109
.111
106% 10f%
106% 107%
a-o
a-o
-1958
3 Vis
Friday
;New York Stock Exchange
January 1
.
.
26
-1956
debentures.-
3Vis
Sold
103%
103
103%
7
Range Since
Bonds
High
Low
•
•
BONDS
Friday
Week's Range
Last
or Friday's
Sale Price Bid & Asked
BONDS
New York Stock Exchange
3%
98
102%
6
«
V-
■
3s—-—- *970
3Vis series.B—1965
1st & ref 4s_—1943
Delaware Power & Light 1st 4Vis—1971
1st & ref 4 Vis
1969
1st mortgage 4Vis—_————1969
i§ADen fit R G 1st cons gold 4s___1936
SAConsol gold 4Vis
—1936
JADeriv fit R G W gen 5s-—-Aug 1955
Dayton P fit L 1st mtge
Dayton Union Ry
Delaware fit Hudson;
A Assented
A Ref &
.
■
101
•
El Paso
5s
stamped——
Empire Gas & Fuel 3%s
—1965
46%
66%
76
04
96%
45%
45;%
K
88
3%
12%
824
3%
12 Vi
174
:7 18%
38%
deposit
Kansas City Southern Ry 1st 3s___1950
2
6%
17%
Kansas
77
9
7%
8%
32%
34%
17
17
*97
104
77''
.
;
j
•
m-s
96
89
7
*111%
'
'•
3
111% 111%
111%
a-0
Kanawha Si Mich 1st gtd gold 4s
.7
1990
t§AK C Ft S & M Ry ref gold 4s_1936
;
!
5
ACertiflcates
112%
impt
5s—
81V4
a-o
78%
80
1
86
j-d
47
Lm• *•
:
j-d
-m-n
.
j-j
72%
106%
1907
1901
j-j
114 Va
1961
j-j
-i_
1961
j-j
1961
J-J
1997
A-0
1954
J-J
>——1954
J-J
107 %
40
■■
74
73%
56
62%
74%
7
7 65
7. :/7- 9
69%
78 Va
105%
110%
111%
114 Va
100% 107
114
114'/a V
*57
__
\7;
2
61
*90
j-j
93%
46
'
8
85%
98%
21
102 Vs
4
106 Va
1
103%
108%
7/:
107% 107%
"1st
=
27%
7"'
27%
5
33%
23
—
ref
&
6%S—-——
■
109%
111
—
107
108
—
103
109%
Coll &
148
151%
Coll & ref
21
110% 110%
*93%
;
*82
*108Va
__
7
77
106% 106%
m-s
*107%
*108%
151%
J-J
■
151% 151%
Laclede
J-D
*101% 101%
100%
M-S
*106 Vi 107
102Vi
106 Vi
80%
A-O
80%
79
A-O
*79
99%
39
64
■
65
~2
99%
98%
ref
extd-5s
5%s series
1945
C_
3V2S
1947
1/
-1997
Lautaro Nitrate Co Ltd— >
/ A 1st mtge income reg——
991/4
-J.
7
98%
.70
85%
97%
97%
8
97 Va
96%
97%
17
* 99%
100
64%
J-J
366
92%
62%
65
202
55
„
M-N
M-S
100
106%
*107
100
>
J-J
1
J-D
1961
1943
& Peninsular 5s
*102 Vs 103
1959
———1974
M-N
103
"—-4:
J-J
99
103 V«
99
6
*
*100%
M-N
83
4
7, 102% 102%
»J-D
95
MS
94%
;
34%
33%
(Proof of claim)————1982
of deposit
:—
debs—...1956
6k—.—1956
M-N
Certificates
1975
Dec
Gas & Elec of Berg Co cons 5s— —1949
Behigh Valley Coal Co— ;
'
5s stamped/
1944
1st fit ref sink :fund 5s_r—
1954
5s stamped—*™.
—_—1954
1st fit ret sink fqnd 5s_-——1964
v;, 0s * stamped—^—:
—:—1964
1st fit ref sink fund 5s__
11974
5s stamped——l-i_.
1974
Leh Val Harbor Term gtd 5s_—-1954
Lehigh Valley N Y 4%s ext
—1950
11%
98%
19%
41
20
38%
11%
70
.
101%
76%
15
17
Y
103%
.7
.11%
11%
9
11%
83%
93%
87%
80
89 Va
73%
13
52
91
91%
31
78
91%
91%
J-J
91%
97%
97Va
M-S
93,
75
25
93
94
2
97%
'
*103%
7
94
__
94%
7
102%
80 Va
•
94%
13
77
j§AGa
J-D
Behigh Valley RR1— v,-
—-Oct 11945
J-J
—1934
26 Vs
J-J
1st 4Vis—— —1956
—1946
Gotham Hosiery deb 5s w w.
—1947
Grays Point- Term 1st gtd 5s
102%
J-D
Caro fit Nor 1st ext 6s
Great
(B
F)
102
26Vb
*47
106%
MS
63
26%
22
J-J
107
111%
J-J
100
111% 111%
-1977
J-*
-1946
J-J
104
104
-1940
J-J
102%
J-J
,91%
Gen
—1967
mtge 3%s series I—
A Green
A
—-
Feb
Bay & West deb ctfs A—
Debentures
ctfs
B___
;
1st mtge 5s series C_
13%
A-0
.1950
.1975
J-rJ
mtge inc 5s Geries A—. .2015
Gulf fit Ship Island RR—
J-J
ref Term M 5s stpd
Gulf States Steel s f 4Vis_
J-J
AGen
1st fit
.1952
.1961
Gulf States Util 3 Via series D—, .1969
12%
97
105
102%
112%
16
92%
107%
83%
100
24
99%
217
83%
87
70
99 »/a
56
99
94
94%
29
92
69%
14%
9
9
91%
107%
22
87%
105%
69%
94
94%
52
67%
67%
1
54
69 Vi
97
*97
104
M-N
lUVa lllVa
110
AAdJ income 5s
Feb 1957
88
127
88.
<0-5.
*105Va 105%
J-D
57%
57%
58%
*58%
M-N
58%
58
A-O
29%
29
_1951
1951
——.
««es
jy2s__
—
For
footnotes see page
m-s
a-0
*99% 100
1955
1952
96%
96%
;
•'
*44
geri.4s series A.
.1962
m-n
60
59%
60
j-j
56
55 Va
56%
59%
'
62%
60%
71
41%
45
46%
744
35%
69
70
69
;
120%
20
IO5V4
1071/4
5
107%
109%
121%
122%
106
106
103 Va
104%
-7
■7
103
••
_
^1.-
,
—; •.
'■
■7:7
*107% 108
.7
92
"'2~
'
103%
91%
110% 110%
m-s
,'■7—
a-o
108
104
9
107% 108
104%
A-0
'
94 Va
.
—7;
104
105
.
.
,
'
,
:■.
m-s
1952
j-j
1955
;
100%
m-n
■
1
90%
90
7'85
99
94Va
3
•
;
102102%
2
106%
109%
104
105
12
78%
90%.
105
122
Y" "
105%
94
100%
110
107
99% 100 Va
*110%
108
104%
,
5
f
104% 105
*105
103%
88%
7'
107% 107 Va
F-A
104%
94%
4105
94%
104
1
MS
111%
30
99 ;
92%
•
V
7
94 Va
109%
147
104%
98
99
A-O
122
103%
r-
.
110
120%
78%
2
*103%
.
A-0
k
113
93
107%
'7'
4
121% 121%
•
,J-J
Ry joint-.monon 4s_-^—
102%
104
98%
'
1960
At! Knox fit Cine Div 4s_l/
99%
98 Va
1
7
103%
120%
6
7''__ '...,'*7- .-7
103% 103%
7
.
'•/
J-J
Unif mtge 4s. series B ext.——.
101Vi
110%
M
(South Lines) 4s—.^-1959
t§AManitowoc Green Bay & North- ;
western lst gtd |J%s—.———1941
Marion Steam Shovel s f 6s
-1947
104
'
97%
92%
100%
97
Stamped
—
———4—
96
96%
60%
Market StreetRailway—, ■
(Stamped mod) ext 5s~*—-—1945
McCrpry Stores deb 3 V4————1955
51%
65
McKesson
47
60
43%
57%
46%
;
105%
4%s series A_.—_—1960
61
3VaS--——,—1956
Metrop Ed 1st 4%? series D—-.——1960
Metrop Wat Sew & Drain 5%s
1950
JgAMet W Side El (Chic) 4s
1938
fit
Robbms
/
75
16
*104 Vs
7.
.
m-s
3%S series A ext—. 1950
1946
Paducah fit Mem Div 4s._
St Louis Div 2d gold 3s——.—- 1980
1945
Mob fit Montg 1st gold 4Vas—
50
55%
115
122% 122%
m-s
,•
40
1
120 % 120%
*107% ' _„77'-;-;
a-o
4966
Louisville Gas fit Elec 3%$
Lou fit Jeff Bridge- Co gtd 4s——.4945
Louisville fit : Nashville RR-.2003
"1st-fit ,ref 5s..series B__———
2003
1st! .fit. ref". 4 %s; Series ,C_——
1st fit ref 4s series D-—-— 2003
2003
1st fit ref- 3% s series E-——
42%
107% 107 Va
j-j
60%
18
31%
m-s
Louisiana &- Ark /l'st 5s series A'—..1969
'J Gen mtge
152
5
f-a
31
32
45
38%
a-0
19%
:
32%
309
*106% 106%
.1951
Maine Central RR 4s series A,—.1945
'
28%
92
122%
.1944
—.
6IV4
-a-
62
60
•
11
41 Va
m-s
62%
2
1
37%
35%
'
Lorillard., (P) Co deb 7s——
5s debenture—.;
29%
36 Va
m-n
46%
65
66
40 V8
/46%
F-A
118%
.u""
52% / 75%
35%
A-0
40%
34
'7
96 Va
*96
-
62 Va
m-n
172.
103% 104
a-o
1952
Collateral trust gold 4s!
j-j
1951
.1951
104
■
44
41%
J-J
.1951
A Manila RR
j-j
71
43
.7
38%
.1944
,
I
j-J
72
78
56%
70%
35%
.1955
54
•;»
.66%
69%
56
37
M-N
Manati.Sugar 4s sink fund—Feb 11957
AManila Elec RR & Lt .s f 5s——1053
Illinois Bell Telep 2%s series
A—1981
Illinois Central RR—
M-N
.2003
51
29 Va
73
56%
M-N
modified—.
117%
59
74%
88
103
53
67 «/4
71
72
Libby McNeil ;& Libby 4s--„.
Liggett fit Myers Tobacco 7s_.
5s debenture——_—
130
80
*
58 Vi
F-A
.'7:
j-j
A-O
111%
*130% 130%
73
72
*67%
f-a
A-0
Unif mtge
102 Va
M-N
71%
72
.72
.2003
'
103% 104 /
M-N
7
.1965
97
A-0
J-J
89%
93
75
f-a
f—
4VaS: registered-^.
South
—1999
100
88%
*70
i'
.1951
H
t§AHousatonic Ry cons gold 5s_—1937
Houston Oil 4 Vis debs
1954
Hudson Coal 1st s f 5s series A—1962
Hudson Co Gas 1st gold 5s——1949
Hudson & Manhattan 1st 5s
A—1957
94%
75
f-a
Lex Si East-1st 50-yr 5s gtd_.
.
Hocking Valley Ry 1st 4Vis
.2003
;
'
75%
65
68%
13 Va
97%
86
86%
'
105%
103 V*
92
Va
86%
*86%
.
.
.2003
.1950
Long Dock, Co 3%s ext toi
—.
Long Island; unified'4s___--——-_..1949
Guaranteed'ref. gold 4s-———4949
4s' stamped__-__—————..1949
99%
104%
105
105
'
.
Little Miami
106% 107
A-0
Gulf Mobile fit Ohio 4s series B__,
90 V8
*57%
Feb
Gulf Mob & Nor 1st 5Vis B—. .1950
98%
101%
,48
102% 103
Gen mtge. 4s series H—
99%
34%'
55%
109
111%
99% 100
General mtge 4s series G—
102%
109
1
107 %
General 4Vis series E
,
99%
111% 112
J-J
General 4Vis series D—— -1976
105%
97
-1973
General 5s series C———
19
30
53
*97%
J-J
—1952
General 5Vis series B
98
50
106% 108%
92 >/4
92V4
100
F-A
Leh Val Term Ry ext 5s__—
102 Vi
*101% 102
j-D
stamped
4s
5s stamped
-1961
Northern 4Vis series A
.2003
mociil^d—.
registered-1^-1—
4Vis stamped modified
4s
*117
J-J
73%
1
/'
14%
102 Va
11%
'
J-D
—1949
Castings 5 Vis.—
1 AGeorgia fit Ala Ry 5s
Goodrich
Va'
92%
72%
.A-0
101%
•;;7 7'.'j
Steel
101
<
J-J
106%
102%
7
11%
711% '7,
,.M-N
Food Machinery Corp 3s
Gen
98'A
99%
7
*85
-i,
Lehigh 81. NewSpg RR 4s A_^-„—1965
Lehigh & N Y 1st gtd gold 4s
1945
65
102%
24
95
.,33%
33%
34%
deposit.——
Francisco Sugar coll trust
98 %
*91%
7—
J-D
101
101
__
Lehigh Coal & Nav s f 4%s A—-1954
Cons'sink funa 4%s series G—L1954
tFonda Johns fit Glover RR—
A
101
85
\
to
registered—
IOOV4 100% '
100%
F-A
7 F-A
Lake Sh & Mich Sou gold 3Vss—1997
81%
80%
A-O
—1953
5 %s series D———i960
5s extended at 3%
1
v;
.
Gas Light
Lake Erie & Western RR— 1 •
101 Va
'
IFioricta East Coast 1st 4Vis
8A2-4s
4 "v
£
•
1947
Flintkote Co 3s debs————1958
of
103
1%
—
A Certificates
108 Va
100%
".
*3%
7
108%
105%
16
*102% 103
m-s
17
106%
107
:7'77;87
172
105
— w
82
170%
■
'
'
—
106% 106%
106%
7,
93%
83
'
~
92%
93%
90
*171%
m-s
Hoppers Co 1st mtge. 3VaS—
1961
Kresge FouhdatiOU 3% notes
-1950
tAKfeuger & Toll 5s ctfsi—„—--1959
'
J-J
J-J
1971
1st mtge 3 Vis—
5s series A—
61
85
-'7-
•m—
75
'
34
97 %
'
—
Plain
51
26
'
102% 103%
103%
a-0
104%
1
34
97
97%
m-S
47
*26
4
19
106% 107 Va
107 Va
j-d
•
Firestone Tire fit Rub 3S deb
Alst fit.ref
81
"
r
AGen mtge inc 4Vis series AN Y 8c Erie RR extl 1st 4s—
t AFla Central
82%
61
12
94%
61%
144
73%
73%
j-j
-I960
4%s unguaranteed
Kings County EI L & P 6s
Kings Co Lighting; 1st 5si_
111%
7
-
81%
80
......
79 Va
Apr 1950
City Term 1st 4s_
__;:-''7v
*96
a-0
of
Kentucky Central gold 4s_\—
Kentucky
Ind Term 4%s—
Stamped
1
110%
110%
—,y
&
a-o
1
J-J
piv
62
95%
28
34%
J-J
Ohio
66%
94%
416
8 Va
m-S
.—1962
Co—
63 Va
95 Va
Ref
1st cons M 4s series B——— .—1995
2015
Erie Railroad
66%
J-J
108%
21 Va
22%
J-D
1961
40%
M-N
3Vis
—1965
S W 1st 5s-———-
103%
1959
Jones.& Laughlin -Steel 3%s__—
t
39%
17
Div 1st 5s~ —1956
Elgin Joliet fit East Ry
James Frankl 81 Clear 1st 4s
.7;
107; Y
39%
A-O
Ed El 111 (NY) 1st cons gold 5s_.
Elec Auto-Lite 2 Vis debs—— —1950
—1970
-
37%
f-a
—1948
—1995
101
*
Y
East Tenn Va fit Ga
103 %
-
108%
39%
J-J
j-j
Minn Nor Div 1st 4s—
—
73%;
56%
103%
39%
J-J
a-o
2%s—-—---—1950
Dul Miss fit Iron Range Ry 3Vis___1962
ADul Sou Shore & Atl gold 5s_—1937
Duquesne Light 1st M 3 Vis——1965
•
,
*104% 106
j-j
1978
deb
4—'
358
104
j-j
107%-
105%
2
~
71%
70 Va
J-J
■
8%
impt 5s series B
101 %
71
v7
■7';
107% 107%
*
"?
j-d
m-n
f-a
Dodge 4s ctfs
1935
tADes Plains 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 fit Mackinac 1st lien gold 4s 1995
v A Second
gold 4s__—————1995
Detroit Term fit Tunnel 4Vis1961
East Ry
'-7.;/
(subject to plan j_—
♦ADes M & Ft
Dow Chemical
7/
j-j
y
.
92
j-d
m-n
66%
92
12
84%
94
55%
j-d
55%
5
47%
59
65%
67%
34
491/8
70
45%
45%
m-s
*41
m-n
*25%
*48%
j-j
39
7.77
a-0
*101%
a-0
68%
IOOV4
—
97
103
100
*102Va 103
101 Va
a-0
*108% 109
89%
105%
105%
J-J
*106% 106%
106%
108%
1111/4
113%
97
Q-A
m-s
a-o
f-a
112%
112% 112%
*„
11%
10
84
96
11%
15
6%
98%
90%
12%
-
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4193
Volume
Ended
Last
Interest
Exchange
Stock
York
Week
Michigan Central—
1st
V
';/
.
". .■Z>
gold
&
4s
Consol Gas
76 Vi
1
,75'/a
*51
A-O
J-D
—Z-.'
J-D
1939 ■,
4Vis-.-—
;. A§Consol .ext;
3
17
'
J*
■'
49%
■
J-J
ctfs.———1934
gold 4s
1949
50-yr 5s series A—1962
•
24%
7
Vv
.-t.
:>
'
'
a,
25
63
60%
8
j
'4. ■:Z> 2%
z: :>y 2%.
1st 4%s
1st
4Vis
«
7%
mtge
ref
&
ARef &
ext
.
5%
Q-F
5%
5%
41
■V
8
1938
1938
int—1938
§ A 1st cons 4s stamped
§ A 1st
consol
5s
§ A 1st. stamped 5s gtd as to
;
A 1st
series
Mo
1st 4s
Kansas & Texas
35
16%
15%
30
8'/4
M-3
5
8%
4%"v
4%
10
A
Central
Gen
73A
72%
6
72
J-J
10
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A 64%
5
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110'/a
8%
108 Vi
110%
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1083/, 108%
2
1083/4
112%
105
8
1023/4
1053/8
M-N
1998
J-J
105
A
105 Vi
1949
,
>
'
73
85%
293/8
49
98 Vi" 100
cellation
J-D
54
53%
54%
196
41%
59%
J-J
58%
57.1/4
58%
79
40%
63
52%
of
of
40
-■
13
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129
23
103 %
105%
104
>103
103%
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120
113
—
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1945
guarantee)
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.
(stamped
mtge gold 5s
34
128% 129
■
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19
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45
104
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1974
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423/4
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1954
& ref 5s
4Vis series A
ref
&
22 %
41%
85%
\
F-A
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A 1st
90
109%
Ry 1st gold 4s_1996
gen
16
85
5
3
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1
19%
10%
'
110
31*
79
8 i/a
J-J
1978 -s:
1959
1990
1st 5s_
t A Missouri-Illinois RR
31
29 y8
J-J
——1949
5Vis
ref 5 Vis series B
A 1st &
30%
29%
~9
46
1950
Debenture 33/4s,
30%
j
45%
14
125
18%
A-0
Western
86%
110
High
32
17% 18%
108% 110%
AGen mtge 5s conv inc
___2014
t§ANorfolic Southern RR 5s A
1961
30
16
297/a
J-J
J.J
1946
A
ref 6s series
&
A25-year
-
456
110
5
Co—
North Amer Co deb 3Vis
30 %
29%
29%
J-J
1
■
13
Low
19
86%
•
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M-S
/
i<
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1"
.
j-j
1946
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A
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January I
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41
13
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t§AN Y West & Bost
Bonds
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41
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•
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27
9%
1940
Niagara Falls Power 3%s——1966,
Niag Lack & Ont Pow 1st 5s A_,.l955
65
,
Friday's
*—
-w'y
F-A
Norfolk &
A 1st
or
Sale Price Bid & Asked
J-J
1937
.1937
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,_1943
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Niagara Share
61
:
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Last
Period
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553/a
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15
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N
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38
4
,
25
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55%
72,3/4
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1
M-N
J A Minn & St Louis 5s
553/8
55 3/a
M-S
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tV/
;
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■:t
76%
65
Z
Friday
Exchange
July 9
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V
106% .109%
60J
:
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Ended
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101%
57 Vi
'■;
77
59%
57%
88
97
61
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59%
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\
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78
109% 109%
M-S
i-
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No.
101'A
75 %
J-J
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January 1
90
101
101%
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—1979
1963
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1940
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Ref
Michigan
*85
M-S
Sag 3 Vis_...—__—1951
3%S
1952
&
New York
Range Since
Sold
High /
Low
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Bonds
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Period
July 9
BONDS
/Week's Range
or Friday's '
Friday
BONDS
■
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48
65
50
deposit
69%
Missouri-Kansas-Texas RR—
L_—:—1962'
A
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AGeneral
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ref 5s series F
&
ref
&
>:
of
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■
ref 5s series
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.<
2047,
Q-A
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2047
J-J
impt
2047
J-J
.,
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57
26%
24%
126%
M-3
58%
56%
59"
'■*
956
35%
57%
57%
■:'U' 8
35%
'57%
M-N
58%
56%
58%
490
36 Va
58%
56% -58%
56%
M-N
59
J^A
57.-
ll:
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•
5
3
;A
July 1938
M-N
gtd gold 4s—1991
M-S
1966
F-A
1960
A-0
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3rd 7s extended at 4%
Monongahela Ry 3%s series B
Monongahela W Penn Pub Serv—
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1965
1966
1951
2000
1955
1955
1968
1947
debentures
.6s
Montana
ref 3%s
1st &
Power
99%
5
63%
64
4
Constr
M
A—'
45
:64-
1st
113%
10
111%
113%
112% 113%
16
110
16
103%
33/4s
Gas
Constr
M 4Vis
series B
T 3 Vis
States T &
Mountain
1st gtd 5s
Mutual Fuel Gas
55%
68%
55%
68%
50%
49%
50
44
35
45%
44%
45%
65
313/4
3 Vis
Distillers Prod
Nat
109% 109%
3
1083/4
Steel
National
Newark Consol Gas
1st
M-3
—
33/4s
513/4
%
50%
j:t
^
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series
5s
:
A 1st
w-L'
Z
A-0
of
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96%
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75%
,
.
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y;,y
109%
1
107%
107
13
125
110
V'iL'zi
102%
106%
1043/4
106%
1053/4
5
108 3/4
110
54;
109
110%
7
106 Vi
110 Vi
63%
-
110
•
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41
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mtge
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1st
f
s
..1952
:
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A-0
I
A-0
,r
\
; -
109
111%
13
1033/a
105%
55
103
105%
„
99'/4
*110%
i\.:
*105
-
M-S
A-O
5s_1949
4 M-S
6s__'__,
3Vis
ctfs
trust
62%
•>
70'-
57.:;;,
,63%
56
57%
62/8
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793/4
72%
91
104
,1960
78
67
47%
220
gold
4s
__
sterl
Gen
Lu.-.--
M-N
81%
81%
82%
54
67%
J-J
87
85%
87
17
4 74%
-1997
J-J
82
82
F-A
67
67%
-1998
F-A
•
■
■
—
106% 106 3/4
29
mtge
■'
i'Z
.
'/■'
1948
*108
109
5Via series
A
.1974
4Vis
C
.1978
.1947
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.1950
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6s
-
series
mtge 3Vis extended to—
debentures,—
—
.1965
A-0
1063/4
.1951
F-A
731/2
.1947
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notes
Y Edison
3V/4S series
&
ref
3 Vis
Erie—See
&
33
106%
109%
106% 107%
30
98%
107%
A-O
1
108%
110%
5
108
110%
110%
110% 110%
A
110% 110%
1960
F-A
J-D
1965
98%
98%
98%
156
122
121% 122 %
34
109%
109
109 '/a
57
1193/4 122 V2
101% 109 %
115
115%
10
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&
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110 %
Z; 110% 110%
,
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AT-N.
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.1973
series A
.1949
.2000
—
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-I/
deb
4s—
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deb
M-3
45/:,;
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111 J
7
J-J
/ 55%
v
-
45
;
47
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46
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deb
4s
1956
M-N
471/4
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:
,
6
19
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>
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certificates.3Vis
1956
J-J
45
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1948
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53%
1940
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1957
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17%
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49%
.1967
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—1954
tAN Y Ont & West ref gold 4s
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i
4s
N Y & Putnam
N
1st
cons
Y Rys prior lien
-1992
75
footnotes
see
M-S
A-0
page
172.
1st
tr
4%8i
45
~k 42
1965
52
32%
'
/
191:
mtge 2%s
stamped
68
61
.49%
•
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44
8%
48%
493/4
172
;.'V' 36%
23
10
/
1971
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68
63/4
4%
4%
15
2 ./•,;■
58%
6
58
>
M-N
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1063/8
43
81%
13
75%
76
57%
25
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100TT 10013
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1
723/4
91
643/4
83
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107
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111
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3
11
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96
•
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;
105%
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112%
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2
—1962
——1963
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M-S
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deposit———.
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1951
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2
bonds
—
—
37%
■
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.
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'
38%
97
13%
•
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Z m-s
1949
6s„
38
102
1043i
141%
111
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7%
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■
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153/4
104
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104%
47
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92
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8
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376
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9
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4s
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guaranteed
s
•
7
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1945
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G. 4s
guaranteed
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1957'
1960*
1963
cons
J
cons
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2—
2
guaranteed 4Vis__1964
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1970
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4Vis
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Pitts Va
&
Char 1st 4s
*112%
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F-A
*112
F-A
122
—
J-D
113%
113% 1133/4
gtd
1975
A-O*
J-J
1952
M-3
103
1013/s 103
—1950
J-D
102
102
102
1950
J-D
102
1943
114
119%
10
122
119%
—
113%
111%
1123A
■
122
122
1113/*
111%
—
*121%
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110
__
1977
—
series C
Pitts Coke.& Iron conv 4Vis A
Pitts Steel 1st mtge 4%s„_
*
*99% 106
F-A
F- 4s
Series
M-N
gtd gold——-——1949
1213/4
1053/a
113%
2
105
113%
4
10O
107%
20
95
103
13
98%
102 Vi
1
98%
102
M-N
106 3/a 106%
102
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10
111%
60%
61
9
55
64
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107%
109% 109 Va
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58'A
5%
106%
110
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105%
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55 1
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116
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21
100%.1003/4
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M-S
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78
18
.
1967
;
—
debentures
Series
62 '/a
.
44%
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yy 116
97
'
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17 %;
37%
14
106 % 107
F-A
j-d
12%
111
80%
81%
107
;
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89 5i
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57
57
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90
M-N
98%
56%
12%
>
..
J-J
v
973/4
111 % 111%
w
ACertificates -of
53
31%
53 %
98%
112%
97%
•
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—1961
& ref 3%s
f§APhilippine Ry
49%
'// 33»y\
903/4
/A
,
M-S
1977
C
Pittsburgh Cine Chi & St Louis—
49
■
31'Vi
105
J-J
1974
series
Gen
gtd 4s_—1993
stamp——1958
N Y Steam Corp 1st 3Vis———-1963
For
5s
Phillips
v'
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6s
ref
&
3s
,
52
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67%
M-N
—1955
N Y Queens El Lt & Pow 3Vis_.
4Vis
.Philip Morris Lfd deb 3s-
793/a
52 %
tAHarlem River & Port Chester—
4s
Electric
A ref
60793/4
34
v
1956
B
gold
Called
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95%
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■:
'
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100
11
45%
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6s
1123A
17
45 Vi
.1955
4s
series
4s
AConv
117%
79%
44%
4s
§ACollateral trust
1st
1153/4
73%
44
47
M-3
deb
ADebenture
Phila
.■
78%
45%
1947
1947
3Vis_,—_1954
ANon-conv
deb
1st
V'
3 Vis
ANon-conv.deb
Marquette 1st series A 5s„^_1956
Philadelphia Co coll
«
100 /:
:
42
F-A
1974
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1103/4
'
104% 105
96%
"/
110%
72%
/:
-
95
Ry 5Vis
General 5s series B
v
109
i
.•ANon-conv
86
—Apr 1990
Union
,
108
10
111% 111%
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V
ext
4s_—
Pekin
&
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4
"/
t
gold 5s— .1948
'
f
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;
105
104%
12%
.
743/4
>
96 Vi
Apr
Alncome
Peoria
106 3/i
65
89 3/a
57
4s
115%
65
34
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3%s_
Eastern
&
98 3/a
104% 105
y a-o
102-V
101
27
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74
96%
88%
1043/a
/
A M-S
V
85%
101
J-J
96
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1960
94%
.1966
.1973
West 4s
77%
64%
99%
A-O
1984
115
J-D
1970
1981
gold 4Vis series C_:
;—^^1980
Phelps Dodge conv 3%s deb1952
Phila Bait & Wash 1st gold 4s
1943
34
100
1968
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187
RR
Purchase money gold 4s
Y & Harlem gold 3 Vis
1st,
61
82%
IN Y New Haven & Hartford RR—
,
66%
47%
__
B
—1952
deb
Peoria
Pere
92 Vi
.1965
D,
series E
4Vis series B
f
66
81%
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109
108 Vi 109
M-N
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Conv
70%
483/4
40
59%
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.,
Dock
N Y Gas El Lt H & Pow
N
>
:
Connecting RR 3 Vis A
1st lien
N
—
Y
Y
69%
917/a
81%
107
107%
Peoples Gas L & C ref 5s—_-1947
'
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63%
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'4-;
Y
Conv 5%
V
—
M-S
•.1st
N
62
623/4
86
53
8
37
64%
r'y.
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N
O
106 3/4
102%
108%
r
4 M-N
1970
gold 4%s
series
108%
105%
'• 4"
:
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5s
1033/4
101
102
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103% 103%
■
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I
4s2
stpd dollar--
•General 4Vis series D
y
87%
82 A
117%
104
L',.
A1
-.4
j-j
1974
sinking fund 4Vis—
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Chicago & St Louis—
Ref
N
£
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-1998
N
67%
F-A
.1998
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82
/
92
102%
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'
1063/4
y a-o
1969
—i
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67 /
-1997
Y
105
57%
116 Vi
'
61
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.
78
1003/4
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'4;
J-D
1977
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debentures.
Consol
67%
.1998=
N
105
102% ,1043/4
91
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F-A
1981
&
Power
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51%
469
-
110%
103^ 103^
y
M-N
-1963
Pennsylvania RRri-
71%
/
130
99 %
110%
109
—
—
77%
f LL-
-
Z''".;
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1944
D
4s
4%s series B
Penna
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523/4
100
108 %
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'■'F-A
—1944
4s
deb
96%
95 V4
109 Vi 110%
y
fM-N
debentures-1956
Trans
1
99%
/"
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f
s
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62
112%
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J-J
1960
3s B
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4%s
47 Vi
62%
1123/a
110%
105%
105
J-D
gold 4%s_—1955
P L
96 %
111
105% 105%
4>
V J"J
1966
Pennsylvania Glass Sand 3%s
Pa Ohio & Det 1st & ref 4%s A
64%
49%
72%
104
923/4
67
75"Vi
46
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99%
—
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112% 112%
111%
*
50-
76%-7934
■
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71 y
21
,
1966
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75%
71
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•
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/
50
703/4
:
1961
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48
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104
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108
58
79 Vi
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J-D
99%
44%v 56%
75%
/
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28
' 71.
72%
A-0
1964
105%
Parmelee
168
'
series G
El 4s
&
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108. ;
-
75%
J-D
Paramount. Pictures
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; 44 8
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103.
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1946
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-
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97
83 Vi
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•
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7
14
r
gold 5s
Co
Panhandle East
111
51%
1998*4
107%
'
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J-J
1971
Paducah
80
108%
:
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._1945
110
2
109 VA 109%
1970
Pacific
118%
44%
Y
111
110%
•
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.
•
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109%
1
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19 Vi
100
5
>
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:
SAPac RR of Mo 1st ext gold 4s__1938
.§ A2d- ext gold 5s
—1938
84
77
J;',
75%
deposit
of
,fc
117/
—_
—1954
A
ill
106 Vi 106%
1st & ref M 3s series K
■
122%
,
deposit
5Vis series A
ACertificates
'4/': 2"'..
:
F-A
1956
104
v-y
.«•'-*
1st & ref mtge 3s series J:
97
-
70%
■
^
95% '97%
64%
:
V
25
107% 108
*
69
deposit
of
•>->'
*63
series D
4Vis
ACertificates
83%
107% 108
107%
:
deposit1956
vfA'V
12
100
1063A
28
108 % 108Vi
j-j
"
116% 319
9 'r 4 70
843A
..
107%
:
A-0
C
series
5s
& ref
'
Vi
^0
82 3A
*110/8 111 z
4 94/8 :95
94%
94% :
94%
J-D
,1954
of
ref
104%
95
82%
*81
''•Jr. y
J-J
1935
B
ACertificates
Gas
1037A
4'V
124% 124Vi
.
V/
V
,
A 1st
54
1093/4 1093/4
104
j-j
gold 5s—1946
cons
&
106%
101%
103 %
117/8 117%
124%
A-0
4955
f§AN O Tex & Mex n-c inc 5s
■
ACertificates of deposit-
ill
v
J-D
Coast
'
4/ A-0
J-J
Z:4J-
.1953
gtd 4s
'
•
F-A
-
103 %
32
.
-
83% 'm 83
M-N
.
82
108
,104%
..*116%
82%
J-D
.
112 %
P
68%:
.
10
*95%
f
yjyjyy
,
B____
1st
^
4
1960
5s series A,
1st
Pub Ser
*104
;
4961
.1952
110 Vi
111'A
4>,
Z J-D
gold 4s—^1946
19/a
108% 109'A
■"?
4 M-N
5s_,_—1945
18%
v'
■'
111
'•'•4
J-D
=_—-1946
1st
& Nav con
CAv'A-—
j-j
"
4
.1986
.1952
109'%
4
107%
108/a
J-J
1946
Oregon-Wash RR.& Nav 4s
—,1961
Otis Steel 1st mtge 4%s 'ser A_—1962
105%
; 28
"
105% 106 %
J-J
4952
.1983
11
1121/4
183/4'
'■*
M-S
1966
Guaranteed stpd cons 5s„_
18
79%
Z
103% 103%
103%
■
J-J
.1945
gtd 5s_.
79
107% 108%
__
M-N
1945 t
Orleans Term
z;
■
J-D
gtd 4s
ref 5s series
&
107%:
.1948
New, England Tel & Tel 5s A
1st gtd 4Vis series B
N J Junction RR gtd 1st 4s
N J Pow & Light 1st 4 Vis
New Orleans Great Nor 5s A,.
N O & N E 1st ref & imp 4Vis
New
79%
Z
.1954
5s
cons
fANew England RR
New Orl
Z;
A-O
fANaugatuck RR 1st gold 4s
A Consol
F-A
J-D
1965
3s
;v4^;z:y
J-J
112%
37%
116
5110%
m-s
mtge
1st
112
*106
110
111V4
y
M-N
debentures- .1949
3Vis sinking fund
109% 110%
112
46
j-d
■
110
v
Z 'V
M—s
1st
49
49 Vi
M-N
.1949
,
75
■
94%
.89
50%
M-N
1960
debs_;
81 Vi
40
Pacific
*94/8
J-D
series A— .1978
& St L 4s
Prod 3Vis
Dairy
Nat
66 Vi
•
Ore
N
Nash Chatt
220
67%
M-N
—1972
Elec
&
Transmission
RR
Oregon
107%
107 %
mtge 4s
4s- debentures,
-
Ontario
113%
107
mtge
Oklahoma
1043/4
A-0
J-J
79%
67
J-J
1943
1965
1967
1st 4s_—
mtge 4s
1st
•
101%
J-D
-
79
79%
*
58%
66
1st
1st gtd
series
5s
ext
3 Vis
5s
Tramways
Essex
&
Morris
62%
66
Pacific
Montreal
53
50%
67
f§AOg & L Cham 1st gtd gold 4s_1948
Ohio Connecting Ry
99 %
91%
2
113
40%
66
4:
86 3/4
42
ss
583/4
58 Vi
104% 104 %
113
12
61%
61
69
67%
M-S
.
A;
35%
1st
99%
63%
53
60%
«.-■■
:
F-A
1944
Teleg 4Vis ext
Ohio Edison
Moh'k & Malone 1st
53
■:
'.Z
■
91%
17
124
J-J
2047
1st & ref mtge 3yas_,_>_1967
(Wisc)i 1st mtge 3 %s_,;
1964
Northwestern
58 %
72%
Co-^-
(Minn)
,'
38
10-
"
*
58
36%
498
58'/a
States. Power
86%
56%
328
J-J
____2047,
impt 5s series D
59
56% >68%
56
&
86
58
y.'
91%
14
36%
58/'
58
58%
6s series B_
Q-F
56%
53/8
344
58
Ref
Northern
59
353/a
6
&
;
Ref & impt 5a series C„_
,y
355/a
1,925
14.,"
58%
—
;a;
56%
59/
34% '58%
••
2,408
12%
'
2
•
56%
13%
A-0
——1981
I
>19 4/38
58%
—
deposit
of
ACertificates
•
Jan 2047
90
86%
Q-J
Ref
-
57 r.
■
,
,
—1949
1980
series H
deposit
ref gold 5s
90
registered,
Gen lien." ry & id gold 3s
3s registered____
I
a
.—
gold 5Vis
&
A 1st
35
4s
V
M-3
1978
deposit
of
ACertificates
AConv
i
353/4> 56%
91%
Q-J
„_1997.
1997
«
■
—- >
G
33%:
69
■v
F-A
1965
deposit
of
series
5s
32
25
52%
,
——--1975
1977
4s_.
ACertificates
A 1st
'
47-
'
51.
35
A-0
1
tMissourl Pacific RR Co—
Aisfc & ref 5s series A_
A Certificates of
deposit—
52
J-J
adjust 5s series1 A—Jan 1967
A Cum
•
46%
J-J
40-year 4s series B
:
-1962
lien 4 Vis series D——1978
Prior
Northern. Pacific prior lien 4s
108'%
1st mtge 4%s series B
.1959'
A-0
60%
60%
1
53%
633/4
1063/4
10914
1st mtse: 4Vis series C
1960
A-0
60 Vi
60%
9
533/4
64
Pitts &
W Va
1st 4%s series A
1958
J-D
60%
.
Monday, July 12, 1943
FINANCIAL CHRONICLE
THE COMMERCIAL &
172
''
t
YORK BOND RECORD
NEW
BONDS
Friday
BONDS
Interest
Stock Exchange
Week Ended July !)
York
New
.
Period
Week's Range
Last
or Friday's
Sale Price Bid & Asked
1st 4s ser A_
Young & Ash
Pitts
1st
-1974-
gen
Portland
1st 5s
Potomac
Gen
F-A
—1951
97% 7:
59
90
1
106
106%
108%
109%
J-J
*109% 110%-,
*111%
ref
mtge
3s__.—
1st
&
ref
mtge
5s:.-*-....
1st
&
ref
mtge
M-S
*93%
-1968
J-J
111
8s
1st
Public Service
-2037
-1948
of Nor 111 3%s_
A-0
J-J
'
Tol & Ohio Cent
91
V
80
84%
85%
85
67%
85%
85
11
67%
85%
1st gold 4s._1946
" 55
249
97%
11
99%
76
213A
35%
37%
7
97
98%
110
62%
70%
34'A
99%
98
87%
99%
91
100%
102'%
116%
117
107% 107 3A
105 3A
107%
112% 112%
110%
*102%
J-D
M-S
7
*116%
gold
5s___1949
.1953
3%s
1971
M-N
1945
A-0
F-A
Elec 1st
&
Gas
Trenton
103%
....
693A
35%
A-O
88%
68
70%
J-D
1950
.i;,;
110
*109
M-S"
J-J
A-O
1964
Tri-Cont Corp 5s conv deb A
112 %
108%
2
88 %
85%
1st 4s
& Buff
87
J-D
ref & impt 3%s__1960
& West
Toronto Bam
93%
110
—
108
.•
13
A-O
A-O
„.._1960
—Jan 1960
High
114
9
85
1977
5%s A
Low
101'A
113% 113%
1979
Ry 1st ref 4s
Ave
January 1
No.
.1980
AAdj income 5s
20%
7
145%
221%
109 %
112%
106%
104%
106%
j.j
149%
220
__
*221%
J-D
-1968
Third
100
112% 112%
*148%
J-J
-2037
Bakeries s f deb 5s
Punty
M
a.
High
88%
C
Range Since
Bonds
Fridayte
Sold
...
2000
series D_
5s
Tol St Louis
112%
108 7
108
M-N V
..1972
95%
32
18%'
M-N - '
-1956
ref 5s series
ref
—
99% 100
-1957
Securities 4s—1.
Terminal 4S
Gas 3'As„
X A Providence
&
&
Tex Pac Mo Pac Ter
97%
106% 106%
97
97'/a
106'A
J-J
..1977
Public Service El &
119%
118%
'
X A Providence
—
or
J-D
1st gold 5s__
Gen & ref 5s series B
& Pacific
Texas
Gen
J-J
-I960
mortgage 3Vis
1st
'•
Week's Range
Last
Sale Price Bid & Asked
Low
108%
107%
*119'/a
M-S
..1950
Pressed Steel Car deb 5s
V,.
Interest
Period
High
Low
No,
J-D
1960
Gen Elec 1st 4%s
extended to——
El Pwr 1st M 3'As
January 1
Sold
Ended
Friday
*
Exchange
July 9
Stock
York
Week
J-D
..1977
5s series C
1st 4%s series D___—
1st
*107% 109'/a
.
F-A
1962
5s series B___w—
gen
J-D
New
Range Since
Bonds
High
Low
__1948
.
...
106
U
Union Electric Co of Mo
$§AUnion Elec Ry (Chic) 5s
Union Oil of Calif 3s deb-____.
debentures
3s
1959
1967
.
;;
112%
14%
9%
15'A
*13%
104% 105
J-J
103
105
103% 103%
105
1003A
104
107%
109%
7
R
Reading Co Jersey Cent coll
Gen & ref 4%s series A
Gen & ref 4%s series B
1951
4s
1997
1997
Rand deb 3%s
1956
Republic Steel Corp 4%s series B..1961
Purchase money 1st M conv 5 VaS 1954
Gen mtge 4VaS series C
1956
Remington
Revere Copper
& Brass
t§ARio Grande June
1960
3'As
1st gtd 5s—1939
|§ARio Grande West 1st gold
A 1st cons & coll trust 4s A
4s__1939
A-0
98%
97
98%
94'/8
91%
94 %
94
90%
94%
J-J
108% 109
64
103% 104
12
97%
104
104
19
97%
104
17
106'%
110'%
10
105%
107
.1947
104% 104%
19
101'A
105
104% 105
17
103 3A
M-N
104%
104
104%
37
101'%
101%
101% 101%
2
100
J-D
110%
A-O
A-0
100%
100% 101%
1953
M-S
102%
102% 103
.1944
101%
104
.1955
105
M-N
163%
M-N
.1980
105%
108%
A-O
.1971
M-S
t
103
.
109% 110%
45%
M-S
.
7
82%
:
'7.
1 1943
*99%
M-N
108'A
109%
22
J-J
15%
14%
14%
20
9
14%
15%
81
9%
*101
101%
101
*101% 101%
101
Nov 1 1949
—May 1 1950
M-N
1 1950
M-N
May 1 1952
M-N
:
*101%
Nov
2.35s
1 1952
1 1953
M-N
1 1953
May 1 1954
Nov 1 1954
M-N
M-N
May 1 1955
M-N
*102'A 103
1951
1944
1944
A-O
Nov
-
2.45s
May
Nov
2.55s
.I960
2d
Mtn & Southern—
1st gold 4s
of deposit
•_
AgRiv & G Div
A Certificates
f ASt L Peor & N W 1st
St L Pub Serv 1st mtge
M-N
1948
5s
1959
1955
1950
lien 4s A
JASt L-San Fr pr
1933
of deposit
A Prior lien 5s series B
ACertificates of deposit
ACons M 4'/as series A
ACertificates of deposit stpd
105%
107
ACertificates
1950
1978
66%
United Stockyards 4'As w w
67
55%
—
Utah
92%
91%
91%
92
73
*72%
79
92%
92
J-J
73
"
1st & ref 5s
1st 5s
& Light
Power
44
Louis-Southwestern Ry—
1st
__1952
unifying 5s
5 A 1st term &
1990
gold 5s series A
& ref
AGen
Nov 1989
ctfs
inc bond
4s
1989
certificates
bond
4s
A 2d
91
1
73
36%
82%
J-J
35%
35%
749
35
34%
35%
58
18%
35%
37%
36%
37%
322
20%
39%
20
38'A
19 3A
39%
19%
38'A
v..
37
37
37%
30
37%
36%
37%
1,191
37'/8
36%
37%
4s_1968
Duluth 1st cons gold
j A St Paul E Gr Trk 1st 4'/aS
t§ASt P & K C Sh L gtd 4'/aS
St Paul Union Depot 3'As B
Schenley Distillers 4s s f deb
Scioto V & N E 1st gtd 4s
St
Paul &
1947
1941
1971
1952
1989
96%
96%
49 •>.
78
64 %
85 3A
63%
67
43%
J-J
21%
F-A
;
-
85
29%
21
21%
27%
29%
278
105% 105%
124%
*124
M-JV
gold stamped
A Adjustment
5s
§ A Refunding 4s—
.
ACertificates of deposit.
A 1st cons 6s series A
ACertificates of deposit
§ A4s
1950
1950
Oct 1949
1959
1945
«.
1933
1st gtd 4s
15 AAtl & Birm
17
1st
31
1960
104
--
106
AGen
123
20
1935
X A Seaboard All Fla 6s A ctfs
A 6s series B certificates.,
1935
1954
1961
1941
1952
Oil 2%s debs
debentures
t§ASilesian-Am Corp coll tr 7s
Simmons Co debentures 4s
Shell
Union
23/4S sinking fund
49%
ARef &
ARef & gen
Tel
50
17
4%
A-0
23
22%
23
23%
23%
77 5
29%
28%
29%
639
28%
27%
28%
101
28
31
14
15%
41%
23%
23%
F-A
>23%
A-0
105
F-A
J-J
J-J
Washington Central Ry 1st 4s
30
Washington Term 1st
1st ref gtd gold 3%s_.2000
4s
(Cent
Aug 1949
coll)
Pac
registered
4s
1st
105
107
109%
7 1 A
105%
108%
2
103'A
&
105 '/4
23
;
—
105%
(Oregon Lines) A
1st 4'/aS
Gold 4'/as
•
Fran Term 1st 4s
South Pac RR 1st ref gtd 4s
Devel
&
Devel
Devel
Mem
St
&
4s series A
6s
gen
6'As
Div 1st gold 5s
&
gen
1st gold 4s
Louis Div
Southwestern Bell Tel 3'/aS B
1st & ref 3s series C
54%
69%
65
64%
65%
198
M-N
64
63'/a
64%
243
53%
M-N
631/4
62%
63%
269
52'A
J-J
99% 100%
153
93%
A-O
26
87'%
1955
J-J
87'/4
96
86
97
87 %
1994
1956
1956
1956
1996
1951
1964
Standard Oil N J deb 3s
debenture
Studebaker Corp conv deb 6s
1961
1953
.1945
1956
1961
Superior Oil 3'As debs
Swift & Co 23As debs
7.0%
243
82
*—
J-J
104% 105%
121
1051/4
85
9.2
68%
A-0
96%
96
96%
35
873A
A-0
99%
99% 100%
55
92
84
10
100
100%
38
89'A
112% 112%
2
.111'A
-
107% 107%
110% 110%
M-N
Apr
50
47
50
103% 104%
F-A
J-J
106%
& RR gen 5s
Gen
Ref
5
106
107%
4
102%
104%
Texas
3s
Company
3s
deb
debentures
27%
25%
*27%
—
28%
CO a*
95%
A-O
'r-t-
.*■-*■' i''
•
M-S
40%
'
40%
95
5
'V
.
F-A
\
*104
1
.;
*104
—
,
—7
'V
—
J-D
110
110
111
111%
J-J
108%
110 '/B
106
112
110%
112%
128
84'A
94
100 'A 102
102
120%
3
.
92% A
91%
92%
119%
10
112% 112%
J-J
—
—
3
110 %
111
104
1
120% 120%
M-S
95
88
103%
'
F-A
104
45
31
1
94%
F-A
100 i§
V..
■
97
91
5
cs^
--
;
9
3'A
102
95
66%
69'A
68
36%
70%
66%
68%
623
36'A
70%
M-N
99%
98%
99%
91
84
99%
J-D'
99%
99 'A
99%
M-S
95%
94%
95%
55
783;
101'A
J-D
58
75
43
.
61
53%
55
49
41%
56 %
..
'
'
__
101
A-0
M-S
'V-
•
■
91%'"
91
100% 101
*116%
A-0
1948
*111%
91%
M-S
55
57
2 3'A
ti
23%
5 9'A
'.
*
22
111% 111%
t-
166
7
—
22%
57
'
J-J
104'A
103
*103%
M-S
1968
1971
95%
102
57
deposit
of
99%
87%
66
4
58
J-J
■
185
101% 102
102
M-N
J-J
Youngstown Sheet
Conv
126
«...
43
111%
91%
88
100%
101
114%
115%
47%
64%
47%
60'A
26%
14%
15'A
23%
110%
111%
107
108%
36
101%
27
95%
103%
99 3A
—0*
1
108'A
*108
109%
102'A
103'A
993A
102% 103'A
99%
993A
106%
8
M-N
111%
103%
,.1960
f 3%s series D
105%
1
& Tube—
deb 4s
103%
103
Deferred
delivery sale
the year's range,
1
112% 112%
1
125
104
105%
110%
105
n
maturity. tThe price
Accrued interest payable at the
§Negotiability Impaired by
<
pound unit of bonds.
113
103%
__
year's range, d Ex-Interest,
Under-the-rule sale not included in the year's
not Included in the
Bankruptcy Act, or
103% 106%
16
105%
106%
•Friday's bid and asked prices; no
106 % 106%
14
105%
106%
A Bonds
89
sale not
r Cash sale
selling flat.
represented is the dollar quotation per
exchange rate of $4,8484.
being in bankruptcy, receivership, or
securities assumed by such companies.
tCompanies reported as
the
93%
M-N
92%
e Odd-lot
range,
year's range.
v
;
IL
30
26%
1
26%
68%
A-O
1959
1965
27%
;V'
•
26%
107%
104'A
*104%
92%
31
69'A
54
F-A
46%
26%
60%
M-S
92%
1950
A-O
1936
term 1st 4s
3%s
Wisconsin Public Service 3'As
52
120
J-J
4s
34
L'j
'
*271%
'
1954
Wisconsin Elec Power
104'A
101V2
104% 104%
J-J
f gold
26%
44
110%
41'%
J-J
1953
s
f-—
A-O
83% 798
46
29'A
F-A
81
v
108
.6
10
11
103
impt mtge 3%s series B..1974
refund
&
Texarkana & Ft Smith 5%s A
29'A
M-N
ACertificates
O O «s
17
108
M-N
F-A
29'A
97'A
112%
16
105
1061/4 106 %
1944
M-S
J-J
§ ASu & Du div &
98%
107%
107
M-N
1951
Apr
1949
a
Coal Iron
85'%
110
213
46%
1960
not included in the
Terminal Assn St L 1st cons 5s
98;
60%
2361
Pulp & Paper 3s
Included in
Tenn
59
46
97%
J-J
101
105% 105%
107
J-J
108%
59%
2361
1st
1st mtge s
J-D
72'A
32
46%
JAWisconsin Central 1st 4s
ACertificates of deposit
98
J-J '
"3
Apr
J-J
Winston-Salem S B 1st 4s
81
J-D
96'A
92
85%
85%
109'A
112
M-S
82
61
100%
108%
7'
97
109% 109%
85%
M-S
A-0
4s
1949
Wheeling Steel 1st 3'As series B—1966
Wilson & Co 1st mortgage 3s
1958
87%
79%
J-J
A-O
J-D
Wheeling & Lake Erie RR
105'%
78%
98%
Shore
West Va
66
79
98
2%s
4s guaranteed
66
A-O
J-J
5s
Registered
97%
96%
*93%
Q-M
1951
1960
1951
5s
West
100%
100
86 3A
104%
—'
108
1950
Teleg gold 4%s
Westinghouse El & Mfg
68'A
M-S
1968
Southwestern Pub Serv 4s
1972
ASpokane Internat 1st gold 4'As__2013
Stand Oil of Calif 2%s debs
I960
2%
216
J-J
1st cons gold 5s
gen
66%
gold
30-year
86%
55
;
Ry
Southern
65%
108
J-J
1946
A
A5s assented
90
1950
secured 3%s
Stamped
66%
72%
34
88
1946
Gold 4'As
San
M-S
F-A
108
1946
JAWestern Pacific 1st 5s ser
Western Union
1968
1969
1981
...
Gold 4'/2S
10-year
1949
1977
87
110'A
—
*863A
1952
1977
Maryland 1st 4s
5 %s series A
ref
123%
107'A
1st
E
mtge 3'As series I
Western
105'A
;
Power 1st 5s
Penn
101%' 104
68
J-D
87%
15
74
...
108 %
M-S
1950
1967
1963
1966
5s stpd gtd
mtge 3'As
Gen
West
46
123
Pacific Co—
*
•111% 111%
1943
1945
1945
gtd-3'As
guaranteed 4s
Westchester Ltg
100%
102
103
Pict 6s debs
1st 40-year
29'A
1
—
108% 108%
105
Warren RR
56'A
6
'105
*109
29
40
*123
A-0
30%
99%
47
106"% 107
A-0
Warner Bros
98%
—
102% 102'/a
J-J
Walworth Co 1st mtge 4s
29%
15
58
lOO'A 100%
*45%
30%
17 Hi
*101% 102
F-A
1955
1948
14%
25-year
Southern
1976
1978
1980
4%s series C
5s series D_
14
.
24%
105
gen
13%
112
42
106%
5%s A—1975
5s series B
gen
14
i.1947
Colo Power 6s A
Southern
273A
1979
& Tel 3'As
debentures
3s
80
1964
1963
1962
Socony-Vacuum Oil 3s debs
Sourh & Nor Ala RR gtd 5s
Bell
47%
1950
Skelly Oil 3s debentures
South
45%
10
100%
mtge inc 4%s ser B
J A Wabash Ry ref & gen
9%
J-J
inc series A
124%
10
J-J
1971
1981
.1991
4s series A
mtge
AGen mtge 4s
F-A
41%
102%
101'A
W
103%
47%
F-A
*1083A
F-A
M-S
Wabash RR Co—
21%
-
47%
M-~S
97%
97%
v
100% 102%
100'A 101'%
M-N
1955
1957
1968
Va Iron Coal & Coke 1st gold 5s__1949
Virginia Pub Serv 1st mtge 3%s__1972
Va & Southwest 1st gtd 5s
2003
1st cons 5s
1958
Pwr 3'As series B
Elec &
101%
—
A-0
M-S
102'A
93%
80
120
79 3A
102
86
*46%
A-0
102
103'A
8
101% 101%
101%
100 J2
f 4s series B
Cons s
Va
A Ref
ISeaboard Air Line Ry—
§ A 1st gold 4s unstamped
102
F-A
RR cons g 4s series A
Vandalia
28
*103% 105%
M-S
<
102
:
A-0
50'A
'•
63A
26
A-0
102%
'
66 Va
27'A
46
44
43%
*85%
J-D
103
102%
101%
y
'.
;
82
4 6'A
•
J-J
—V'
101%
101%
1
__
—
*101% 102%
97
12
31
80%
64'/2
20
96%
80%
J-J
M-N
*102'A
■
83
19
82%
34'A
J-J
w
98
J-J
M-N
•—
101%
75%
5
97%
Virginian Ry 3%s series A
tSt
101%
102
«*02
"
•f,
101%
102
92%
>78%
20
97
M-S
M-N
101'A
101%
2
93%
77%
•
66
■
M-S
5-7
Trac
Utah Lt &
__
101% 102
.
*101% 102%
107'%
*61
gtd 5s
& P 5s stpd
L Rocky Mt
St
*62%
1990
gold 6s
tSt Louis Iron
107
A-0
99
1
107
J-J
J-J
1947
1996
1st gold 5s
& Adir
Lawr
St
A-0
9
105% 105%
—
101%
--101
*101%
2.65s
2.40s
—
101%
'
101'A
„
*101%
2.20s
15%
99%
99%
.
M-N
M-N
2.50s
Baguenay Pwr Ltd 1st M 4y«s
Bt Jos & Grand Island 1st 4s
,!
May 1 1949
2.15s
36%
14%
J-J
;
.
Nov
2.10s
"7
381
36'/a
34
102
2.05s
-
109% 109%
36%
104
101%
'
2.60s
M-S
98%
44
—
—
102%
94%
5
,
1.125s
' -1'
M-S
.
Serial debentures
124%
124%
105% 106
States Steel Corp—
United
47%
27
301
—
*111%
M-S
M-S
83
45%
*124'/a
58%
20
82%
43'/a
J-J
& Canal gen 4s
J RR
U N
102
66
104
*__
J-D
A-0
1934
1949
1941
<
104%
M-N
J-J
.1970
105'A
104%
1977
1967
1967
1969
series D_.
Gen mtge 33As series H
Gen mtge 3'/as series Ii
Gen mtge 3'As series J
t§AR I Ark & Louis 1st 4'/aS
t A Rut-Canadian 4s stpd
t§ARutland RR 4'/as stamped
-
.
.1952
102'A
F-A
1949
Roch Gas & El 4%s
.
94'A
1
105
105
>
Pacific RR—
94%
78
63
Union
98%
78%
154
J-J
88 3A
>:•/
88
J-J
200-
reorganized under Section 77 of
sales being transacted during
current week.
Volume
Number 4193
158
THE COMMERCIAL & FINANCIAL CHRONICLE
173
NEW YORK CURB EXCHANGE
WEEKLY
NOTICE—Cash
In
and
a
July
following extensive list we furnish
and
3
ending
to include every
the
York
Week
Curb
present
Friday
v
-
Exchange
Ended
Corp
Air-Way
Electric
Great
Appliance
Alliance
Allied
Inc
3%
4
:/•
Feb
Apr
21%
Blumenthal
Bohack
5 % May
1%
Feb
4% May
1%
Jan
Jan
3% July
35% Jun
H2
103'A
400
84%
1%
50
20
103% 103%
3%
Jun
93 '/a
Jan"
102
10
ft May
Jan
72
May
Jan
112
Jan
91%
110
103 % July
July
Apr
110
Apr
1
1% May
7%
7%
•
7%
25%
;
200
4%
4
100
,
25%
26
10
(Mich)
9
Apr
9
24
Jun
Feb
May
28% Mar
26%
500
23%
Jun
29
7 %
preferred
Breeze
6%
Co
116'A
1153/4 116 %
1,100
105%
Jan
128
Apr
1143A
114
114%
700
106%
Jan
114% July
13%
Jan
17
Jun
~9%
50
6
Jan
10%
Apr
1,400
86
Jan
120
Mar
Jan
108
Mar
25
common
common
preferred
Aluminum
Goods
Mfg
*
Aluminum
Industries common
•
Aluminium
6%
Ltd
preferred
"9%
101% 104 V,
102
100
Book
103%
1
Board
American
Box
30%
Capital class A common__10c
class
Common
$3
Co
1
common
$5.50
Cities
American
Convertible
Class
*
1
8%
25
x38%
34%
Mfg
Power
&
A
Class
Cyanamid
B
Fork
10
—.
10
Hoe
&
Gas
American
Light
Mfg
American
Co
class
American
American
$6
American
Writing
Post
Anchor
Paper
common
Fence
Natural Gas
Arkansas
class
Common
6%
Arkansas
Aro
A
Equipment
Oil
Associated
Electric
American
Atlanta
Tel
Birm
Atlanta Gas
Coast
Light 6%
Atlantic
Rayon
Atlas
3%
Jan
200
28 %
Jan
6
May
36% July
33
Jan
41
39
v
25
.
17 Va
Co
Mar
13%
Jan
23 %
Jun
273A
250
20 %
Jan
27%
Jun
193/8
8,400
26'/a
100
35 Va
75
V3
13
19% July
Feb
26%
25
Jan
39% May
80
—
Jan
25%
Jan
88
1%
Apr
May
34
200
12%
Jan
20 %
Jan
24 Va
May
Jan
57%
Jun
66,500
23
1% July
5%
%
Jan
12 Va
Jmy
Jan
5 Va
May
aa
18,000
Jan
12,500
Jan
!S May
100% July
Jan
17% July
12,400
2%
700
3 %
Jan
4
4%
3,100
2%
Jan
5
2
Jan
5
•
100 % 100'A
4%
__
__
2
350
14%
200
2
4%
1%
Jan
100
8%
450
14%
104% 106
5
60
__
2
97%
15 Va
Jun
Jan
106%
Jun
5%
Jun
6%
Jun
1%
Jan
5%
11,300
1%
Jan
6.200
8%
Jan
94
94%
40
88 %
Apr
10% July
94% July
'
21%
20%
21%
1,200
10%
5%
Jan.
6%
6%
2,200
4%
Jan
Jan
__
6%
Jan
21% July
10
Jun
~
6% May
12% Jan
.;V__
L_
200
Apr
%
100
—
1
1%
Feb
Mar
ft May
1%
80
J
m
May
111%
Jan
6%
3,000
3%
Jan
6 Va
Jun
475
28 %
Jan
40 %
35
-
7
73/4
300
2%
2
2'A
9,800
7%
7%
7%
700
1
Jun
36'A
5%
36%
5
Feb
109
;
6
50
Feb
69 Va
8
May
4%
Jan
8%
%
Jan
2% May
8% Apr
6
Jan
Jun
•
Automatic
Products
1
5%
4%
5%
2,300
2%
Jan
Automatic
Voting
Machine.
•
5
4%
5
1,000
3%
Jan
6
& Sons common
__5
9%
9
9%
1,200
4%
Jan
9% Mar
16%
Jan
(B F)
6%
preferred
Axton-Fisher
Ayrshire
22
25
Tobacco
Patoka
class
A
21
com__10
Collieries
Brown Fence &
Class
22
23
700
15%
Feb
23 Va
Jun
5% May
Jun
21
96%
1
21
25
92
'
97
520
40%
Jan
110
Jun
100
5%
Jan
8
Jun
7'/a
7'/a
21 Va
May
$6
.
'23 %
23%
25%
2,200
193A
Jan
26
Baldwin Locomotive—
Purchase
Baldwin
(E L)
Stainless
Barlow
&
$1.20
Basic
Co
Seellg
Refractories
Baumann
7%
(L)
A
common
Burco
Inc
Brummel
Mills
Beaun;:.
$1.50
Beech
Inc
Bellanca
Tel
Benson
Voting
Cables
American
Caiamba
California
Calllte
Bickfords Inc
Bliss
Blue
(E
$3
For
optional
Canada
footnotes
Cement
Canadian
Car
Canadian
Class
Class B
1%
__
'
.
7% May
3 Va Apr
16
Apr
Jan
13%
6
14%
25
14%
3%
100
25
14%
14
3%
4,300
3%
500
Feb
5%
7%
Jan
143/4
21% Mar
8%
Feb
Jun
Mar
1% May
33
3%
14%
25
page
m
25
15 Va
May
40
40
%
1
1
1
preferred
177.
•
•-
7%
14%
2%
47
14%
2%
45
14%
May
3V8
Jan
5
Mar
Jan
136
Apr
Jan
45
Jan
Jan
42
Jan
17,500
Jan
1
July
2%
47
1,100
Carman
&
2,600
100
200
1%
:ri%
.
Tl%
"l%
Jan
Mar
1,300
14
Feb
Jan
18
Apr
Jan
5%
80
105
Apr
2
May
17
May
A Jan
14 Va
Jan
5
"93/4
*9%
~9%
2,000
XI,300
le¬
15%
16 Va
ge
95%
96%
550
12'A
12%
900
30
30
30
100
"33/4
"33/4
~4
__
Jan
7%
Jan
10%
6'/b
Feb
10
Mar
9%
Jan
16% May
Jan
82
97
Jun
13% May
Apr
25
Jan
31% May
•ft Jan
11,400
%
200
2%
Feb
12
400
1%
Jan
5'/8
5 Va
Jun
4
July
5% Mar
Corp
(JW)
Castle
(A M)
A
Jan
6
6
3,200
1%
Jan
6%
5%
5%
6%
26,900
1%
Jan
'
23%
Feb
27 Vb
3'/b
Jan
4%
Jun
3
Jan
4
Jun
July
145
July
Corp
Central
Ohio
Power
Central
&
Cessna
1
145
2%
2Va
'
145
&
Cliamberlin
10
145
22
6
47 %
113
10
Jan
13% Mar
Mar
23% May
7% Apr
Mar
38%
Jan
..
47%
Jun
17%
17
17%
106%
Jan
113
July
102
Jan
108
July
7%
Jan
7
Feb
6%
Jan
13
Jun
15%
Jan
19'A
Apr
114%
Jan
Power
4 Vb
4%
3,600
9%
9%
9%
900
5%, pfd__100
Products
West
7%
pfd
100
Utilities
95% x96
9%
105
105
Weather Strip
120
9%
105
50c
1 Ve
10%
9%
11%
1
100
75
l'/e
3,100
6%
6%
200
11%
100
5
25
Shaft
Co
100
100
4
100
50
81
5
Chicago Rivet & Mach
82
Childs Co preferred
100
common
10
8Vb
84%
7%
102
Jan
Jan
Apr
ft Jan
7%
Jan
4%
Jan
Jan
9%
Jan
80
Jan
4%
Jun
Jun
Feb
9% May
114%
Jun
96%
Jun
9% Mar
106
Feb
1% May
10% May
6% May
7 % May
12 Vb May
103
May
150
64%
Jan
84%
Jun
7%
7%
100
5%
Jan
7%
Jun
%
ft
600
15%
"7%
17%
2,025
1
Mining
Jan
4%
10
18 %
Jan
3,300
10%
11%
Co__5
common
Flexible
x96
*_1
1
Consolidated
2,800
4%
Chief
17
ft Jan
% May
Mar
24 % May
9
16%
15 Vb
16%
16,800
3%
Jan
18% May
•
94
92
95%
2,350
51%
Jan
98'A
Jun
preferred B
•
9
9
9%
300
4%
Jan
11%
Jun
preferred BB
•
91
48
Jan
96 %
Jun
76
Jan
90
May
Apr
88
Jun
$6
preferred
60c
$6
Cities
Service
P
L
&
$7
preferred
preferred
Neon
&
Club
Coal
6 %
Mfg
Illuminating
Co
Co
&
Patent
Arms
extended
Gas
&
J-in
Consol G
10 3A
Jan
16 3/a
Mar
4%%
47
July
4<7r
to
P
series
Bait
B
preferred
Consolidated
Jun
J an
22
July
13
%
1,500
Jan
5% Apr
28% May
400
2,500
6
Jan
13%
13%
14
400
7%
Jan
3
•—.
—
3
■
6%
— —
300
2
Mar
11%
11
—
200
8
Mar
6%
200
10%
3%
3%
20,600
4%
8%
10
6%
4%
-
3%
543A
warrants-
3/64
3/64
21
21
% May
5'A Apr
34% July
15% Jun
14
July
3
Juiy
11%
Jun
1%
Jan
6% July
4
Jan
5
12,400
3%
Feb
1,600
1 Va
Jan
Apr
10% July
3% Apr
50
common
25
1
1
-
51
300
473A May
55 Va
51%
54%
750
24
54% July
11
Co
common
iV
800
1/64
Jan
21%
350
14
Jan
%
200
33a
Jan
10%
11%
1,000
7%
Jan
Feb
preferred
series
Gas
C
Utilities
1%
%
Apr
26%
Jan
27%
2%
Jan
5%
63%
2,100
56%
Jan
118% 118%
63%
100
40
100
62%
109% 110
4%
4%
4%
300
2,200
Apr
% May
100
600
5
Mar
11% July
%
%
1
1
32
21% July
5Va
•
•
Jan
U
{}
*
Biscuit
L
8
15 Va
50%
preferred
E
Feb
34%
—
100
.
1946
Coke Secur
8%
150
%
6%
14%
~
25
...
j an
$3
22
%
•
Community Public Service
Community Water Service
Compo Shoe Machinery—
Conn
200
8% May
Electric—
&
preference
Commonwealth & Southern
c
8
Jan
32
warrants.
5%
t
73
14%
1
Fire
Gas
•
ordinary.—
Iron
20
•
Airlines
Fuel
100
4
__£1
Colorado
V
100
preferred
Colonial
';
•
common
Development
"7%
7%
1
1
common
Utensil
Plow
88
4%
1
Inc
Corp
Aluminum
Colon
88
30
♦
10
Co
Lights
Lambert
91
*
Homes
Electric
Clinchfield
90 %
•
Stamping
Controller
Claude
V
113
100
1
common
Cities Service
47%
2% May
\h Jan
9%
preferred.100
Chesebrough Mfg
Chicago
3,100
com.,....*
Elec
7%
Co
Metal
Corp
&
Light
South
A'rcraft
Charis
2%
1
America
Gas
Steel
Cherry-Burrell
Jun
.
".10
Power
York
New
Apr
6% Ju.y
ft--
•
Co
of
Central
Apr
July
•
Hudson
Consolidated
>v
3%
5%
»
common
&
Central
Apr
6
100
Co
Central Maine
Apr
1%
3%
*
Products
Catalin
1%
ft Jan
25
•
;
common
Carter
Apr
IV.
,
Apr
1
common
Casco
Apr
.ri
A Jan
•12
Carolina Power & Light $7 preferred..*
$6
preferred
•
Carrier
10
.1
4,000
•
12'A
Jan
33/4
141/8
Jun
3% May
3% July
Ltd—
class
Co
Jan
38%
Feb
3'A
Products
Co
Carnation
6
1
15;
1%
•
Colt's
3/a
*
15% Mar
Jan
12
133/4
'
--
1
City
Columbia
35 %
200
3 Va :•
12% Jan
500
5
preferred
:/34
~8% ~9%-
Jun
400
Assn
Alcohol—
Industries
93/4 Mar
8%
Jun
18%
6
Capital
Jun
115%
33
31%
5%
Canadian Marconi
Apr
July
10
—-
1
com..*
common
see
Jan
Jan
Jan
14% Jan
5%
voting
non
Canadian
Jan
9%
May
10
voting
%
4
75
20
Power
Industrial
A
Jan
-v
3%
3
Ltd 6%% pfd__100
Foundry Ltd—
33A
.
2%
Co
&
200
—
15Va
£1
participating preferred
7Va
*
convertible
200
50c
Corp
6%
•
common
600
Jan
11%
12%o
pfd
Insurance
7%
1
common
W)
Fire
Cleveland Tractor
1
common
Ridge Corp
Jun
'
Birdsboro Steel Fdy & Mach Co
Blauner's
12% May
Va
>
Electric
Tungsten
Camden
7%
dep rets 5%
Cleveland
3,400
Apr
10% Mar
3
•
Sugar Estate
May
2%
1%
44
200
15%
:*
certificates
May
2%
ft Feb
100
11%
Wireless—
7
•
preferred
100
5% May
July
7% May
90
Jan
73%
50c
trust
&
39
100
Berkey & Gay Furniture
1 Va
2%
18Va°M8%
..
25
Products common
Cable Electric
Jan
1
common
IVa
300
11%
25c
Jan
10
common
6 3/a
71
2.50
.
common
2%
20
Canada
Hedges
Convertible
(PA)
293A
2%
1
Burma Corp Am dep rets..
Burry Biscuit Corp
Butler
1,050
1
preferred
Jan
~5
90
6
5
preferred
3,300
...100
Corp
Aircraft
of
&
$3
5%
»
common
Jan
61
1
common
Sullivan.
383A
5
Ties..
convertible
Aircraft
&
5%
1
1st preferred
Beau
2
10
"4%
*
preferred
Hill
Cockshutt
Inc
500
Jun
!■,
90
1
preferred
1st
37%
1
common
12% May
7% Mar
Niagara & East Power—
38%
Mfg—
convertible
Jan
•
1
Steel
Jan
3%
common...
common
5%
common
23%
7%
2,300
•
Clayton
common
Co
Co
30
Rubber
Barium
Bell
for
warants
preferred
Jan
1,300
5%
Bruck Silk Mills Ltd
Clark
7%
11%
11%
5>/b
•
City & Suburban
t
•
Wire
Distillers
preferred
Bruce
$6
Wilcox Co
23
10%
10s
preferred
Brown Rubber
City Auto
B
Babcock &
A
Central
7
Plywood Corp
Avery
4,900
20
5%
£1
Class B
Jan
10%
5,300
Mar
May
Jan
4%
5
May
-
2%
10 %
5
10%
•
common
Mar
Jun
50
pfd__100
Corp..
Apr
2
Jun
19%
3%
•
Co
9
Jan
28% July
109
17%
warrants
Forge
400
6
12%
Fisheries
Line
Drop
Jan
£1
preferred
Coast
Coast
Corp
Jan
Canada
RR
Atlantic
Atlas
Jan
19%
93 Va
Industries—
Atlantic
Atlas
12
325
3%
1
Tel class A
&
&
500
8,700
14 %
5
:
Associated Laundries of America
Associated
17'A
3%
*
Co
Jun
3% May
16%
•
rects reg—
dep
47%
Jan
100 %
1
of
Breweries
Associated
Apr
%
ft
$7 preferred.*
Refining
36%
8,500
283A
%
14%
Corp
&
4,300
1%
2%
105%
Metal Works common
Art
Ashland
Jan
47 Vb
10%
12
10
Power & Light
Jan
%
£1
reg
Ltd—
Buffalo
3% May
39% Mar
Feb
2%
,
Tobacco—
Buckeye Pipe Line
ft Jan
%
100
300
•
11%
•
dep rets ord reg
Brown Forman
$5
36%
Co
ord
Jun
45
•
common
Amer
Bunker
1%
rets
Celaneso
Jun
23
pfd—100
non-voting
British
Jun
1%
—
1
preferred
dep
Jun
1,300
28 Va May
9
July
Jan
23
•
dep rects ord bearer
35
__
2
Angostura-Wupperman
Apex-Elec Mfg Co common
Appalachian Elec Pw'r 4%%
Am
Am
39
23/4
Jan
Jan
30%
Oil
9%
♦
•
preferred
1
•
92%
5
;
5%
6%
1
— —
A
American
Jan
2
common
preferred
Thread
6%
.:
100
American
Jan
35%
Superpower Corp common.."
1st
ft
Apr
6
*
common
Jan
18
__
10
Seal-Kap
$6 series preferred
200
•
Co
British
15%
26
*
American
American
%
•
B
Class
15%
•
Republics
%
46
23
A
5% Jan
.
27%
18%
1
Chemical
&
July
19%
25
Meter Co
Potash
200
100
Mfg
DOO
39
100
Maracaibo
American
American
380
8%
May
11% July
82 % July
•
preferred
Brillo
1,450
34%
36 Vb
100
common
Preferred
82%
.
3,300
53/4
6
25
Co
82
1
% May
29
27%
20
common
preferred
American
Jan
Jan
108 3/8 1083/4
25
Mach
77
~8%
14
1
Machine
Corp
Feb
78
3/n
Hir*
Jan
3 Va
1,500
X
Bridgeport Gas Light Co
00
46
1
Co
Trac
&
1
%
12%
37 Va
36'A
1
preferred
Laundry
American
600
600
ft
29
Jun
17
10c
Corp common
preferred
j
Rubber
27%
2%
•
General
Hard
2%
33
28%
convertible
$2.50
Lgt & Pwr
common
Aeronautical
Bridgeport
363/4 x39
108%
American
8% May
Jan
.
10
convertible
Jan
%
1%
common
Electric
&
4%
100
1
47 Va
100
American
6%
A
preferred
4% %
$2
class
non-voting
American
Mar
700
00
2%
Foreign Power warrants
American
May
33
1%
»
1
American
•-
6
II
•
Traction
Corp
$1.60
Class B
American
Jan
Light—
A
class
20%
8>/b
%
28'A
25
Central
260
1%
•
prior preferred
American
31%
8
10c
B
preferred
1 %
ft> Jan
100
Co
American
,
9'A
•
common
American Beverage common
American
100
113A
100
preferred
Brewster
7%
Low
133/4
10%
•
preferred
2d
British
Aluminum
10%
•
common
Range Since January 1
High
133/4
25
Brazilian
Brill
Shares
I
100
Inc
1st
$5
Sales
Low
'
v
— -
*
Scrymser Co
•
for Week
of Prices
Mar
•
100
conv
1st
Bourjois
Class
*
pfd
conv
Saturday,
.
Range
Sale Price
•
Co common
Bowman-Biltmore
3,300
112
(H C)
.
Week's
Last
,
& Co
Borne
1/64 Mar
84%
7%
(S)
Apr
8% May
8%
,
27%
111
Friday
Exchange
July 9
Par
Jun
2,000
7
'3%
Curb
Ended
Preferred
common
Investing $3
A
Jan
100
Products
Class
Jan
5
~2% I'/a
*
Investment
Allied Intl
Jan
5%
900
20%
__
•
Fisher
&
4%
200
8
3oU
York
Week
High
24
Steel—
7% preferred
Alles
1,300
8'A
3%
50
preferred'
$7
Ludlum
V;
Feb
8%
37/a
3
Southern
Power Co
Low
17
—//
preferred
Allegheny
STOCKS
New
70
on
shown
entirely from the daily reports of the Curb Exchange
itself, and is intended
dealings have occurred during the current year.
:
'
"
Range Since January 1
High
23
Exchange for the week beginning
are
compiled
Sales
Shares
selling outside the regular weekly range
,
8
10
is
any
4%
8'A
_
Alabama
bond, in which
4%
4%
50c
preferred
It
213A
2
-
1943).
20 Va
,_1
common
Convertible
Warrants
$6
(N J)
Accessories
Investors
Alabama
223/4
5
Mfg common
9>
i
—
1
Associates Inc
Aircraft
RECORD
the New York Curb
on
for Week
Range
1
B
Ainsworth
Air
.
or
of Prices
Low
•:.;
10
common
Supply Mfg class A
Class
Air
Co
complete record of the transactions
a
(July
Week's
Last
Sale Price
July J)
Par
Wire
Friday
security, whether stock
STOCKS
New
Aero
YEARLY
delivery sales are disregarded in the week's range unless they are the only transactions of the
week, and when
footnote in the week in which they occur.
No account is taken of such sales in computing the range for the year.
In the
Acme
AND
deferred
Jan
Jun
63 % July
Jun"
111
Jan
121
103%
Jan
110%
Jun
2
Jan
5
Jun
Monday, July 12, 1943
CHRONICLE
COMMERCIAL & FINANCIAL
THE
EXCHANGE
NEW YORK CURB
Range
Last
York Curb Exchange
Ended July 'J
New
of Prices
Sale Price
Week
37 '%
5
Ltd
Consolidated Mining & Smelt
Consolidated Retail Stores
8%
preferred
Consolidated Royalty Oil
Consolidated Steel Corp
1
100
10
*
—
12
700
12%
Va
Crown
Crown
Drug Co common
A
convertible preferred—
Crystal Oil Refining common
$6 preferred
Tobacco
Lighting Inc
Curtis
Mfg Co
23 'A May
Jun
8
7%
200
5%
26%
11,700
15%
Jan
26 Va July
Goodman
10 V2
100
10'A
Jan
IOV2
Gorham
2,000
32
Jan
7%
Jan
Jan
4
Va
100
lVa
Jan
4 Va
3%
3%
3 Va
2,000
2Vi
Jan
4 Va
Mar
8%
8%
100
6% Mar
8%
Jun
Jan
2
May
19 V4
Jan
24
Feb
%
Jan
l'/a
Feb
15 Va
500
1%
1%
250
22
6
10.
5
Apr
Apr
Feb
22%
Jun
Feb
11
15,200
20%
19%
19%
3 Va
Apr
1%
2
May
2
May
9
2.50
5
common
Mfg
A
;
.
Mar
10
Mar
Mfg Co.—
37%
11%
6% Mar
Feb
13
12%
Jan
18%
26%
Jan
38%
200
5'A
Jan
12%
v
May
5'/a
~4Va
Jan
3%
Jan
7
; '
5%
137
137
-v
7% May
67'A Mar
A 84% Jun
138% May
127% Mar
25.
300
36
Mar
10
27% Jan
-v
Apr
Jan
1%
Jan
4% May
11,700
47%
.,246%
5'/a
...300
4%.
4'%
' 47%
■'. —
115 '
100
37%
Jan
49% May
102%
:.'7%
;
-
•
:1150
M:-J
-
33%
7%
33%
Apr
3'A Jan
700
81%
81
81%
Jun
29
s
137
.!
July
54% July
Jan
" 100
.
Jun
V4 May
Feb
22 %
28%
6%
r
!
1%
27
10
28%
Jun
Mar
Jan
100
53'S 53.'
Apr
108
Jan
3*2
500
4%
V4->.
.
Jan
;
Jun
108'/a
.
•
•
Hall
5
2
4'A
1,100
—
v.
1
preferred
$6
51% July
.
s—
common
preferred
1st
7%
Jan
Apr
37%
11%
tau
•
100
Great Northern Paper
25
Greenfield Tap 81 Die—.;
—•
Grocery Stores Products common—25c
Gulf Oil Corp.:
;
25
Gulf States Utilities $5.50 pfd.
*
Non-voting
Apr
9% May
—
stock—
Pacific
&
Atlantic
Great
July'
90%
Jan
50
17
5
;
Tea—
„
110V4
Jan
1,100
16V4
v:
5%
common
Jan
200
Grand Rapids Varnish
Gray
July
96
Gypsum Lime St Alabastine
(Mo)
6%
July
4%
21%
class
40'
20
—
1
50
•
•
10
.
'
Mfg Co
Inc
Gorham
4%
21%
Mines
preferred
$3
U May
Jan
45
51%
6%
-v-
.
•
Consolidated
Jun
31
11
•
—
Jun
6!A May
100
51%
6%
*
class A
I
74 Va
112
89 %
17
preferred
Goldfield
Jan
175
109'A 110'A
__
Coal
B
Class
Jan
4%
•
Godchaux Sugars
$7
common—
Curtis
3 Va May
13% Jan
•
Sugar
Atlantic
Jun-
90 %
Jan
Jan
275"
40
39
40
110
*.;•'•
*
Co
Alden
Jan
490
*
*
common
2!A May
%
52%
103 Va
3%
„•
_
Gladding McBean & Co
Glen
May
1
Preferred
Gilchrist
10 Va
5
•
250
25 ;
"fi
Jun
May
2
600
2
74%
73%
2% May
Jan
79
725
23
■ftr Apr
10%
Apr
(A C)
23%-
26%
-*
Cent Petrol (Md)
Cork International
Jan
1,600
Gilbert
Apr
62
Va May
pfd A—100
preferred
$5
74
Jan
100
1%
2 ;•••;'
/
/
—
73%
Georgia Power $6 preferred
Apr
J an
% Jan
60
2%
v
21
23
5
*
1
Co
Crowley Milner &
88%
2%
2%
Mar
7% May
4%
a3a
:
300
2%
88
88
1
50
Liquidating Co
Croft Brewing Co
15% Mar
8
.<
W
10% May
300
ftr
receipts (ord reg)—£1
dep
15 '/e
Jan
37% Jan
1,350
6% A
6%
6%
Jan
Jan
8'A
41
preferred
$3
9Va
100
39
39
*
Petroleum
Cuban
800
12 Va
~2>/8
American
Cuban
12%
Corp com
Water Gas & Electric common
Gen
1%
Jan
30
20
60
60
60
*
1
*
stock
A
convertible preferred
General Tire & Rubber 6%
$6
July
96
Rayon Co
General Shareholdings
,10% May
Jan
76
260
——5o
& Reynolds
preferred A
Cosden
Petroleum common
5%
convertible preferred
Courtaulds Ltd—
Crown
96
.
9
12%
$6
C
5% Jan
95
•
Jan
2% May
XVa Jan
900
12
95'A
*
*
*
Corroon
Creole
500
General
107
Jan
2
61
pfd
100
Public Service $6 preferred—*
General
High
Low
High
Low
Outdoor Adv 6%
General
6% July
Jan
10
9%
Inc
Corox
3 Va
107
100
1
*
Varnish Co
Cooper-Bessemer common
$3 prior preference.,
Copper Range Co
Cornucopia Gold Mines
Cook Paint &
6%
2
Continental Gas & Electric Co—
7%
prior preferred
Continental Roll & Steel
800
2,700
38
6 %
Range Since January 1
Shares
of Pricea
Par
Mar
41
Jan
31
July 9
High
Low
High
Low
Par
Ended
Week
1
Range Since January
Sales
for Week
Range
Last
Sale Price
Rrobange
•'"rh
York
New
Week's
Friday
STOCKS
Sales
for Week
Shares
Week's
Friday
STOCKS
115
107% Mar
10
115
115
■
July
5% Jun
4% Mar
D
Rubber Mfg
convertible
Dayton
preferred
prior
$6
debenture
8%
Derby Oil & Refining Corp com
A convertible preferred
Jan
33
Apr
3%
100
1
"3%
900
13
~3%
"3%
400
12%
Jan
79%
Jun
Jan
13
Apr
19 Va
common
_
Divco-Twin Truck common
Co
Dobeckmun
common
Ltd
Dominion Bridge Co
Steel & Coal B
Dominion
Duke Power Co
Duro
*
class B
Hosiery
Durham
common
Test Corp common
Sulphur
Texas
Duval
14 %
Jan
19 % May
Jun
30% Mar
10% Mar
2
__■■■
Jun
10
Jun
3%
Jan
7
Jun
5%
Jan
9% May
9
~5%
"5%
500
Va
6
•
21%
.
21 %
Jan
Jan
7%
Jan
8%
Feb
68%
69
125
56%
Jan
69%
Jun
27%
29
100
24
Jan
31%
Jun
73
50
66
Jan
76
Apr
~2% "3
1,800
A 73.
2%
Jan
4
Jan
/
Mar
3
Jan
1%
8
~2%
July
117A
Apr
'
—
IM.
■"'•/
Hartford
i"'
1
East
Lead
Picher
Eagle
Fuel Assoc common.^.
Gas St
25
Iron
Malleable
Eastern
}|
Jan
27/a May
2%
100 j:
preferred
6%
13% May
2%
1,000
56'A
57'A
175
•
"160
prior preferred
4%Ve>
Jan
-
—«.
•
$7
preferred series A
preferred series B
Sugar Associates—
preferred v t c
28%
28%
28
/
1/4
'
10Va
875
Jan
Jan
20
__
•
•
Corp
Eastern States
Jan
-
19%
1,125
35%
34
35%
42
V,
59% Apr
38'A
25'% Mar
1 Va May
Jan
28%
27%
29
1,025
lO'A
Jan
29
$5
37 V4
37 Va
40
850
31%
Jan
42
2%
Jan
V
•
.
$6
preferred
preferred
Hearn
6%
Dept Stores commonN
convertible preferred
5
.
50
»
Class
A
—
•
'
'■
■
')"'•> • •
•
Hollinger
Holophane
Horder's
C)
•'v'"'
'
23%
23%
27%
29%
1,100
Inc
Apr
6'A
Jun
•,
Jan
9'% May
71% July
Illinois
Jan
74'% July
1%
•
Engine &
7
Jan
41% July
Jan
2% May
72%
74%
14,500
37%
41%
1,750
1 Va
l'A
600
8%
8
*
32
5%
500
1. 28 %
29%
8'A
Feb
Jan
26
300
4%
Jan
8% jJuly
30'% Jun
9 Va May
x8 %
2,100
93
93%
540
88
Feb
96
May
36'%
40
550
29
Mar
",40
July
Jan
12% May
i7ff Jan
1% May
'
6'A
■
•
1%
l'A
8,900
■31%
32
1%
32%
575
22'A
Jan
5'A
700
2'A
Jan
100
25%
Jan
30'A July
Jan
177/a May
5
5%
30'A
30%
,
1
Airplane
Metallurgical
Fansteel
Fedders Mfg
7
—
,
.
Co
X
1
1
1
•
5
5%
Jun
22%
Fort
Common
Co
Am
Jan
23
Brewing Co
Distilling
participating
Fuller (Geo A) Co
preferred
stock
convertible
preferred
5 %
.
Power Co
common
10
Mar
3
6V4
Jun
200
51/4
'
■
3%
Jan
20
57%
J a. a
68
300
81%
Jan
preferred.
7 Vo
1,300
3'A Jan
Co of North
International Cigar
Jun
$3.50
Gen
6
May
20
15% Jan
20%
Apr
16%
300
"V,
10c
A:; '
1 ... __
5
1
1
16
15
21%
1 -v,14%
•
—
100
—
•",_ _v,--
•
! 19
19
22
Jun
''''AAA;
3Va
16
3'A
16
21 %
'•'/ 14
41 Va
61%
22%
14 %
42 %
61%
,
1%
30
Jan
300
Jan
Feb
13% May
Mar
15
2!A
Jan
Jun
3
23% May
3% May
•
9%
& Chem
Minerals
16»A
19%. Jan
22% July
800
9
Jan
225
29
Jan
25
45
Jan
For
footnotes
see
cage
Interstate
200-
100
7% Mar
Royalty
10
'
1% May
-1
.10
—
__
Feb
4
4
400
7%
?
.
8V4
102
Jan
8»A
250
7'A
;
-
15%
800
15%
102
102
40
13% Jan
90
Apr
'
>
—
13
Jun
Jun
4%
Jun
Jun
16%
107
Apr
Mar
Jan
5'A Mar
9%
3,400
ctfs.—*
-1
:
u
18%
43
2%
n
15 Va July
14% July
Jan
21 Va May
20
91
Jan
105%
Jun
50
20
Feb
32%
Jun
20
20 %
Jan
36
Jun
%
Jan
"1% Mar
75
15%
Jan
24'A Mar
950
69%
Feb
84%
Jun
300
12 Va
Jan
16%
Jun
4,100
2%
Jan
ll'A May
1%
Jan
8'A
Jan
13% May
9% July
10% July
700
1,500
5
Apr
May
13%
Jan
20% July
14
14,800
Jan
18% July
6%
9%
Jan
Jun
v
•
.
;
4
iff
iff
May
43
July
3%
24%
Jun
4%
Apr
:
IV4
Jan
Va
Feb
14%
Jan
19
500
'
7%
Jan
10%
A July
Mar
Apr
2
Jun
6%
••.Va Jan
900
Jan
Feb
150,
-
f8:
AA
July
A Jun
19
100
18/2
i
12
2 Va May
21%
iff
18%
'
Jan
Jan
32
50
10Q
^
18V2
''.' 9%
1%
Jan
A Jan
7%
300
100
4
^
3%
500
10,100
—-r
1% May
% Mar
200
18 . ; 18%
43
43
2% 2%
4
.
Apr
7% July
10 %
.
^
J :
.
1Z,;
%
-
16%
—
—
'
8% May
16%
9%- 10 %
18% 20,2
—/
—
•
Jan
38% July
'
,,9% Jan
500
r •
9%
20%
Jan
10
12,700
9% 10%
4
4 /B
9%
4
—
Jun
•.yj"
v*:c;
,"W'i' hh.
Vjf't)
(FL) Co.,
Jeannette Glass Co—«——1%:
Jacobs
6%
1
6'A
t?-*~
■;
..
:}6%
■
2%-
1,800 ;
2% Jan
,50Q
l'i Jan
,.
87,
70
87; \ui
i
& Elec 1%
preferred—100s
5
IncL—
Ken-Rad Tube & Lamp A——
Kings Co Lighting 7% pfd
5% preferred D
——
Kingston
Kirbv
Products
Petroleum.
87
July
79?
:
Jan.
Apr
Jan
97
Apr
13%
Jan
17% May
Jan
*
Co
KS
Kansas Gas
Jun
Jan
69 Va
;
110
94
94
2%
78%
115%/
■
94
•
66
50
77.A'r 77,
■*
pfd—100
preferred.—..—.—i.*—.—100
preferred
100
Central Pwr & Lt 5%%
Jun
41/4 May
8V4 July
9%
100
<
^
Juff
Jan
700
20
20 A
82% 82 /a
•*;' 16 * '
82%
July
2%
Jan
"V/
"
--
1
voting trust
Irving Air Chute—
^
Italian Superpower A—
1
82 Vt
Jan
2
preferred
Fireman Mfg
Jun
Jan
9%
—1;
1
*
•
Mills
Hosiery
Power $7
Jersey
Jan
1
•
*
_*
preferred
Equipment
Home
Interstate
Iron
29%
*-
rrior
Kennedy's
177.
4%
9'%
Jan
3
"
105 105
29 % 30 Va
34
34
—
*
*
preferred—
25
-
—
—
—
10
—
B
$3.50
7 %
.£1
preferred series A
Apr '
V
Jan
1
1,600
y..
shs__•
'
Apr
62
"1%
'
5%
Jun
2
22'% Jun
3% Jan
1,200
v 7%
12% 15 Va
12% 14%
10
10%
,
—
1
♦
A
International Safety Razor B
International Utility class A
Mar
44
10
,
Jun
15
Alloys Co
General Fireproofing common
Gen Gas & Elec $6 preferred B
7%
i.
Jan
3,400
-;A 7%
4% Mar
11% Mar
%
General Finance Corp common
1
600
15 Va
14%
Corp warrants..
Jun-
28
700
68%
"l%
1%
dep rets ord reg
__'••■
,
Apr
5'A Mar
Jan
9%
July
19
450
Electric Co Ltd—
Amer
78
;
.-
A Jan
8
.■
—
50
series
Registered shares—
International Products
Class
7%
;-%■
International Petroleum coupon
Interstate
12%
Gellman Mfg Co common
General
■
-
1
100
10
•,
—
America
Machine
International Hydro Electric—
Insurance
99% July
H00
preferred
Apr
100-
3%
4 37% 38 Va
> 7%
8%
14% 14%
3%
38
£1
Industrial Finance vt c common
Julian «Ss Kokenge
Gatineau
Jan
6%
Apr
114
July
:20% Jun
Jan
3
•"
400'
19%
8'%
--
,
July
*
—
.'
Indianapolis P & L 5%% preferred.100
Indiana Service 6% preferred
100
7%
preferred
100
Investors
—_
Conv
conv
4,000
.—
Froedtert Grain St Malt common
$3
Jun
1 Va Mar
rets
—
(Peter)
FrankUn
12
of-France-r-
$1.50 preferred
Fox
Jan
5%
20
20
Indus Engineer—
Foundation
■
•
•
bearer
Worth Stock Yards
dep
Amer
Jun
Mar
27%
Apr
60
500
b
Co
Chemical Industries—.
dep rets regis
$1.75
voting
Motor
Ford
7Vi
67Va
99%
.
non-voting
B
Class
500
4*%
Motor
Class A
Jan
,5%
£1
rets ord reg
of Canada—
dep
lVa
Co Ltd—
Motor
Am
Ford
7% Jen
9,400
23
20
1,200
67%
98%
—
67Va
99%
10% Mar
91/4
2%
HV2
9
2'A
111/2
2%
Association
Ford
—5
Imperial Oil (Can) coupon..•
Registered
*
Imperial Tobacco of Canada..
,5
Imperial Tobacco of Great, Britain &
Ireland
i
£1
May
35
Zinc
Preferred
(Phila)
10
Florida Power & Light $7 pre'erred..*
Fire
105
Feb
Jan
800
--v':
Imperial
..50
Brewing:
4'A
3'% May
103% Mar
147/8
1,000
7'A;.;
1%,.;
19%
Iowa Power <10
1—
•
convertible preferred
i
50
DivVirrear certificates..."
Int
Fairchild
19%
—1
International Industries Inc
International Metal Industries
Falstaff
C/
4%
■.-7'A
5%
Jan
•
1
Fairchild Aviation
Mar
108'%
10
50 i
74
.
4%
■;
;/.;'7'A
Illinois
13% July
2
8%
10c
common
Jun
34
Jan
23'A
„
ire-
114
20
73
4%
Securities
Hydro-Electric
...
20
•
—5
Hygrade Food Products
43%
93%
-
1
Inc
Eversharp
114
c
'
100
...
1st preferred
for
Vtc
_.
■
26%
26%
114
Huyler's common
42
—5
Pipe Line common
Eureka
>
Co——
Ligonier
——
25
-
*
Corp
Fibre
•
■
:.:V-
10'A Apr
Feb
*
29%
v
-
.
29% May
Jan
6%
.'J '
-
Jun
„
--
■
•
'*
•
*
100
(Harvey)
Hussmann
-M,
Jun
Jan
17%
.
■
—-■Vr;
Oil & Refining
Jun
15%
May
15%
1
preferred
Hummel-Ross
Apr
24'%
GOO
8%
8%
•
1
:
21
•
Baking Co—1—
Jun
27
Jan
/ 14
Jan
11% Jan
29%
& Co common
Apr
9'A
Jan
..
7'%
__
700
Hardart
&
6
22'%
100
'
5
«
■
Horn
11% May
23'A
Co common
(A
& Hardart
Jan
.
—
Horn
11% May
9
---
'
—10
Consolidated G M
Co common
Horn
Jan
•
Inc
(Geo A)
Hormel
Jan
6'A
27
27
7%
4'A
100
/•
'v'
•
participating A...
Heyden Chemical common..i_—
Hoe (R) & Co class A
4,500
8%
4
Inc
Esquire
44% July
■
V
'
93,400
28%
Electric 6% pfd— .100
«
Empire Power participating stock.
Equity Corp common
$3 convertible preferred
Jan
31
50
1,400
7
iO'A
s-
.25
__
Hewitt Rubber common.
8%
1
Derrick & Equipment
44%
.6%
10'A
•-A'
2
common
Henry Holt & Co
71%
41
Empire District
Emsco
47% May
•
•
7Vs
15
Mfg
Electric
Emerson
X33 Va May
Jan
*
68%
1%
National Watch Co
Elgin
12
"
'
74%
Light 2d pfd A—
Corp
Electrographic
Jan
1%
^
Preferred
8'A
V
warrants
Option
Jan
19%
700
•
;
——
Co
Heller
■V
May
3'%
200
4'A
6%
*
Rubenstein
Helena
6
100
31%
4'A
•
..250
Co
Mining
Vi
/• 5'A
44%
•
7 l'A
5
•
Electric Power &
800
5%
5%
'
—
•
$5
2'A May
Jan
4;.
Corp
Apr
5%
•
Washing Machine B
>
Economy Grocery Stores
Electric Bond & Share common _
May
l'/a
July
—1
Eastern
Easy
2
fs Jan
200
Jun.
28% July
•
$6
May
5'A
of America B non-cot com—1
Hazeltine
Jun
Jan
50
1,100
2'A
25
31%
Hat Corp
Humble
7'A
1%
2V--
Feb
Jan
'
Hubbell
2,000
12%
12
•''•■;i'-
'.'- .v
1%
;•
Feb
6%
Jan
17%
42
r
V'li
;
:\K-\
2'A
'•
12%
* ■;
..
—1
Co
4 Ve
400
6
;
.
—25
voting trust ctfs.
Rayon
Brewing
Harvard
5%
—10
6
'V
...10
'
Electric Light
Hartford
4% May
10% Mar
10
••
•
1
•
—
Jan
24
*
Harris Co
Driver
1% Mar
1,200
3%
;;
•
1
1
.—•
25
Corp
Draper
Jan
%
500
Paper
'
'
Apr
Mar
18
1%
3%
3%
Hammermill
Hecla
1%
1V4
1
Detroit Mich Stove Co common.—__.1
Detroit Steel Products
10
De Vilbiss Co common
10
1%
preferred
—10
Diamond Shoe
37/a May
Jan
62%
Co
Lamp
Mar
l'A
/.y'.
Foundry
Gray Iron
111
Feb
'
Detroit
Jun
x8%
?
12%
Jun
62
Jan
110
Jun
4 Va
Jan
50
.
5%
Jan
1%
200
3'A
20
preferred-
6%
5%
3 V4
•
1
Gasket & Mfg
Detroit
Jun
8%
"5%
5
50
100
*
Dennison Mfg class A common
Apr
19%
H
May
18
Jan
24 %
1
Stores
Dcjay
18
Jan
11%
250
19%
18%
35
Class A
Jan
15
__
5
•
1
Darby Petroleum common
Davenport Hosiery Mills
B—
*
'vi%)"%V"i%
14
1
-1
14'
14
'I— ^
100
—100
?
400
8%
.
-
50.
,
6%
5%
47
4%
*3%
4
Jan
4
2,400
4%
1,10C
123
May
8% July
14%
Apr
Jan
50
Jun
Jan
37
May
4
Jun
■
32,
'4
Jan
4% July
Volume/;!58
Number 4193
THE COMMERCIAL & FINANCIAL
CHRONICLE
STOCKS
New
York
Week
Curb
July
Last
9
Klein
(D
G M
Emil)
Kleinert
(I B)
Co
4%
(S H)
14 %•
14%
100
%
Apr
Navarro
Apr
14%
Jun
Nebraska
13%
Apr
10
Apr
Nehl
4%
Jan
9
Jun
Feb
*
10
96%-
100
95 %
96 Vi
Feb
92
600
Jan
Co
Power 7%
New
preferred
100
England
6%
10
12% Mar
6 %
1
6 %
800
4%
14% May
6% Jun
Jan
(N J)_
Mines
1
Co
B
13%
3%
3%
*'•
Jan
3,100
8%
Jan
1,200
2 ./
Jan
3%
100
11
Vb
11 VB
100
6%
.
' •••*,. >
.
Brothers
Tel &
•
Land
Power & Light $6
Corp
&
1% May
,>16% May
5%
1st
5%
2d
12%
2,400
7%
Jan
12%
Class
23%
2%
100
17%
Jan
23 Va July
400
%
Jan
2% May
16% Jun
9% May
% May
Exploration
45,800
1,525
5,325
20:;.
1%
47%
53
•
v
39
■
1%
1
pfd
48
1%'
107'
.
1%
26
6%
Jan
is
Jan
21:%
Jan
53
Jan
48 ft
26,300
107
1
>
5%
10
26
'
Jan
200
8%
ft 7%;
•
8
common
3,700
2%
8%
300
103
9%
2%
May
ft
Jun
Mangel
$5
Stores.
convertible
Manischewitz
Mapes
preferred
(The B)
Consolidated
4%:
■
.
*
1°
1
4%
.100
.
;ft: /ft/
—
Jan
90
Noma
Co
*
Marine
/ft:
.
Com¬
26
/
rr
Jan
•
Steam
4
Mass Utilities Association
Massey Harris
t
v
common
fylcCord Radiator & Mfg B
McWilliams Dredging
Mead
Johnson
Si
Stores
Merchants &
X
>•
*•
*
f-"-'
Merritt
:
*
V
Chapman
'
•
Si
:
4ft
A
AVb. I
:
Jan
4
Jan
$6
-
:
100
B
5J/4
100
73/b
7 3/8
7%
'ft-'—
100
103%
1
2ft
Messabi Iron Co
25o
2,100
ft'-ft
—
103% 103 %
2
Central
2%
V
2ft
v
"
'ft.
ft
'
15
Michigan Bumper Corp.
•'
..Xf
•
w
—
1
ft
Penn RR
Co
28
Michigan Steel Tube
.' Vi /
2.50
Michigan Sugar Co
;
*
^
Preferred
10
Micromatic Hone Corp..
1
1
Middle States Petroleum class A v t c.l
Class B v t c_
1*
1
Middle West Corp common
i.
5
Midland Oil
%
u
.
I® XX
Power
——
'
7 %
-
T
.
"l
7%.
.'ft:'7%
Corp $2 conv preferred..*
ft
7ft
i%
:.
Jan
%
1%
8ft
Edison
Power 4%%
Co
6 3/4
$6
8'%
B
9%
200
.
Jan
Jan ft
Steel
Products—
8 >
Jan
11
6,100
1%
Jan
May
%
Jan
Jan
400
Feb
11 May
6% May
103% Feb
Jan
8%
8 %
12%
Apr
9
Jun
1% May
4% Jun
14
2,300
3a
Jan
73%
1,150
52 %
Jan
% May
73% July
33
34'
33%
32
33%
700
/
22 %
34
Jan
33% July
Feb
53
%
500
Jan
23%
51%
Feb
l3/8
Apr
Feb
6
Jun
400
4
July
Mar
ftft
__
101% 102%
110
110
7%
20
110
7
82
10
7%
25
1%
■
Jan
102% July
102% Mar
110
Jun
5,900
4Va
Jan
8% May
300
163/4
Jan
27% May
26
1st pfd
4%
21%
102%
1C0
21%
4%
1,900
2%
Jan
5%
Jun
250
17%
Jan
22 %
May
91
Jan
102%
Jun
Jun
22
102% 102%
113% 114
114
1C0
113
60
140
113
106 %
Jan
115 ft
107
50
100
Jan
1133/4 Mar
103% Mar
5
Gas
common
115
12
600
16%
Jan
19%
55
100
48
Jan
55
40
110
Feb
117
July
May
7
54 ft
•
Jun
8
Feb
3%
Jan
8
Jun
3%
Jan
7V2
Jun
*
1
.
Securities
...1
Apr
Jan
19%
115
19%
50
Filters B
108
8%
15
prior preferred
United
4%
"
ft 2
Jun
'
-9%
Apr
9%
:
Feb
Mar
Can
Gas 61 Elec 6%
5%%
Co
1st
common
6%
6%
6%
50
ft
...
ft:
•
1st pfd
Pacific
Power
35
-/:.__
Lighting $5 preferred
Pacific
Pacific
&
Public
8%
25
25
preferred
Light 7%
•
pfd__
100
Service
34%
.107%
ft
Jun
Apr
31 %
94
13% May
Jan
35 Vb July
28%
Jan/
102%
2,800
,:
107ft.108ft
95
Jan
31
300
160
35%
31
95
70
.
__
—
$1.30
1st
preferred
•
Page-Hersey Tubes common
Pantepec Oil of Venezuela Am shs
Paramount
Motors
ft.
*
:
-
/
'
85
8%
Corp
7%
■
8%
95
Jan
15%
Feb
Jan
86
97,800
3%
5%
14
Jan
Jan
Jun
Jun
July
8% July
6% Mar
_■_
10
/ft/.
Jun
18
72%
.
200
1
Jan
33/4
ft''
w-
86
31% July
108% Jun
Jan
73
*
Parker Pen Co.
Midland
ft
Jan
33
*
common
preferred
Pacific
Jun
Jan
3/a
%
3%
68
25
preferied
Natural
conv
Overseas
Apr
Jun
4%
100
100
%
4
class
preferred
Oliver
l3/8 May
73/4 Mar
3,700
1/128 Jan
16
Jun
Jun
6%
x3'/2
6,400
33/4
833/4 July
76% July
'
5%
10%
•
Public Service
$5%
% Mar
Jan
5,300
9
9%
900
;
Jan
31% Mar.
43/a Mar
400
Jan
42
Jun-
6% Mar
5%
54
470
Feb
1093/4
Jan
1,100
7%
1%
9
A
2,100
76'/2
109% May
583/4 May
2% July
Jan
43/a
■
class A
Omar Inc
2%
Apr ft
1,700
83%
1/64
pfd.100
Corp
Brass
$3
t
'
.5%
V"K'
■
%
Jan
3%
..100
States
Pacific
1
Jan
1%
T%
50
preferred
Oklahoma
Apr
108
Jan
108
•
.
363/4
5
1st preferred—
Oilstocks Ltd common
IVb May
1% Mar
100
fti'ftftv -ft—1'■ !
•v
102%
•
Texas Oil
6%
May
8%
^
Jan
'7,600
Jan
110
260
50
Utility Securities
Ohio
July
28
Jan
98 %
50
2 ft
Jan
May
43,300
•
Ohio
6% May
Jan
/%
23
July
O
Jun
37
Jan
5
".•ft 1ft
Jan
3%
•
Rayon class A
Ohio
Apr
4%
Jan
19
167/8
55%
73%
Ogden Corp common
Jun
145
Jan
2
50
.
27%. 27%
:
2%
Apr
300
91
common__l
common
American
7 %
47/a May
13% May
Jan
21
104
itr
prior preferred
Northern
'.
•
—
Metal Textile Corp
Participating preferred
:
Metropolitan Edison $6 preferred
125
300
5%
: '
Jan
"3%
ft
8%
Jan
8
37
3 3,4
27%
l'A
700
ft'.;'"
112
Feb
1
Ohio
Jan
700
12 3/8
36
C.;;"-
,
•
preferred
4%
47/b
Jan
82 %
10%
24% May
13% July
95ft
5%
•
Nor Indiana Public Service 6%
July
6V2 May
ft- 2
Apr
Jan
102
Feb
43/8 May
8% May
Jan
73
23
3% Jan
.
100
-
class A__l
v-P
ft'I
8
:
200
200
—i— -
1:
6 % %
8
113/4
•
Scott
'Warrants
"
5
preferred
-
l'A
*
:
common
Manufacturers
Participating
:
common—
lft.
•
__
i
6
8
4
i
Co
Memphis Natural Gas
Mercantile
—*
_
5%
lft:
1
c
ft:
5ft
80
109
3ft
.
31
Jan
10% Mar
100
Light & Power
preferred
Jan
Feb
70
*
19
55
.
Mar
2
—•
Shovel
109
..
3% May
Jun
'
Marion
200
112
18%
109
V.
__
Electric
North American
Jun
-ft 35
.
11
■
Margay Oil Corp
18'%
5
Mines
Novadel-Agene
Mfg
111
warrants
North Amer
Jun
-
13
101% 103
v
5
4% July
Jan
Jan
1
July
2%
:
Ltd
Co
optional
Nipissing
Apr
29% May
2% Jan
57
.
Co
Marconi i International
munication
1
_
°/a
1%
111%
73
Nineteen Hundred Corp B
North
-900
6,400
3%
2%
82%
Apr
Northern
2 3%
Jun
Mar
3%
Apr
July
M
.
21%
68 ft
103.
10
preferred
Niles-Bement-Pond
North
2
Jan
Jan
18
100
;
Jun
13%
57%
12%
100
common
9
100
1,300
2%
13
1
A
Class
2 ft.
shares
preferred
preferred
A
Class
6%
Manatl Sugar optional warrants
Jan
Jun
107% May
65
23A
107%
Jan
4%
July
21
28
•
Class B optional warrants
Niagara Share class B common
6% May
8% July
Jan
Jan
18%
Jan
-
preferred__100
Niagara Hudson Power
-
12%
Light 1%
N Y State Electric & Gas $5.10
pfd.100
N Y Water Service 6% pfd
...100
32% July
200
17%
500
Shipbuilding Corp—
Founders
•
—
"
15%
8%
51
Jan
87%
240
7 3/a
3%
./,/'
10
preferred
Y
Jan
•45
•
,
Louisiana
Lynch
$6
N
24%
2
i
Louisiana
Jun
5% Mar
••
200
"
102%
10
Merchandise
Y Power &
•
Jan
Jan
21
.
Rosario
Jan
25%
64
65
Jun
6,000
2
53
100
Packing:
21
Y
common
Honduras
10,100
~8%;
10
preferred class B
N
&
81/?
15%,
100
_
Feb
Y
32%
~2Va
*
1
Jun
5% May
5% May
1
1,750
7
*
25
Land
6
11% May
125
51
*
11%
Jan
4%
•
Jan
1% Jan
•
11%-
5
common
Auction
N
Apr
112% May
7% Mar
100
101
7%
City Omnibus warrants..
101
Feb
3%
47
101
*
Y
Mar
21
9%
100
Y
YtT
11%
Tel
Co
New Process Co common
6
% Mar
4%
4%
N
Feb
Jan
3%
100
■
,
50%
N
8
25
common.,
Chain
Corp new common
Long Island Lighting common
7% preferred class A
Loudon
100
•
9
4%
*
Co
High
12% Jan
1043/4 Feb
100
9
4Va
—
.
100
Apr
23%
5
Lone Star Gas
6%
~6
9
*
Apr
'I
Material Co...
Locke Steel
6
*
A
Jun
32
J/2"
1
Lipton (Thos J) Inc 6% preferred
Lit
8%
25
*
1%
12%
•
Development
(R G) Inc
.*
Line
'1%
4
T.
Lehigh Coal & Navigation
Oil
20
4%
19% May
2% Feb
•
1
Le Tourneau
110
14%
N
claSs A__*
'
39%
-
Feb
100
1
Lefcourt Realty common
Convertible preferred
Leonard
110
5
Co class
New Jersey Zinc
New Mexico & Arizona
ft 20%
5
;
common—
Langendorf United Bakeries
Class
3lA
>■" 450
12%
1
33%
12%
33 %
,
Lakey Foundry & Machine
Lamson Corp of Delaware™
Lane Bryant 1% preferred
Lane Wells
32 %
100
Ltd
110
*
Clock
New Idea Inc
Shore
100
Power Associates
England
Low
20
preferred
Haven
Range Since January 1
High
20
100
preferred
preferred
$2
New
Lake
Low
Shares
20
Corp 1st pfd
Nestle Le Mur
for Week
of Prices
*
(Herman) Corp
Neptune Meter class A
100% Mar
Sales
Range
Sale Price
«
,,
Co
RR
Week's
Last
•
Nelson
10
Oil
New
Lackawanna
Friday
Exchange
July 9
Par
9%
—
1st
Curb
Ended
High
Jan
ft
special preferred
Brewing
Low
1
preferred
convertible
High
York
Week
10
Kresge Dept Stores—
Kress
Range Since January 1
%
*
common
Knott Corp common
Kobacker Stores Inc
Kreuger
Low
STOCKS
New
Shares
1
Rubber Co
Koppers Co 6%
of Prices
Par
Co Ltd
Sales
for Week
Range
Sale Price
•
ft.';'
Kirkland Lake
Week's
Friday
Exchange
Ended
./
6%
Apr
23 Va May
'
'
$2 non-cum dividend shares
Midvale Co common—
Mid-West
•
•
Abrasive
Midwest
Oil
Midwest
Piping
Mid-West
I
&
,
300
25 %
Jan
35%
Apr
/ft 1%
Jan
2%
Apr
400
6%
Jan
/ft 8%
2 Vb
/■
14
1%.
500
1%
56%
pfd
90
100
~7%
'•V'/ftv /-ft
1
12%
•
18'/«
183/4
200
Monogram
1
3%
33/4
8
4,100
Montana
Society A
Dakota
Montgomery
Montreal
common
13
1
Utilities
Ward
12
11,400
1%
10
ft.
*
ft/
172
A—....
Light Heat Si Power—1
4
Moody Investors partic pfd
♦
•
V
a-
32%
32 V4
32
50
Jan
/ 5%
•]
163
175
■
Jan
,
Jan
213/a
ft
Apr
20 Vb
Jan
Mountain
City Copper
States
5c
common
Power
Mountain States Tel Si Tel
Murray Ohio Mfg Co..
Muskegon Piston Ring.
Muskogee Co
6%
~2%
12
May
13
July
21% May
:
4
Jun
1% May
7% May
180
22%
Jun
Apr
32% July
1,500
"1%
Jan
"2%
Mar
6V4
200
4%
Jan
67/a
Apr
17%
250
13.%
Jan
18
Apr
ft-
112%
Jan
126
Jun
ft-
9
Jan
•
'—ftft-ft
2%
11%
•
J..—
common
preferred
9»A
100
•
—
...ft"
15%
Jun
50
10 3/4
Apr
14% Mar
100
■
4%
Jan
10%
■''■ft/'--
57
•r
Jan
'
preferred
Apr
69% Mar
ftftift
/||
National
Bellas
National
Breweries
National
National
$3
Hess
III
common...
Candy Co
National
37,100
..
Jan
,
28. ft 30
300
18
Power
$6
24%.
51%
25%
52 ft
700
15%
51%
100
44%
12
ft
11%.
12
800
11%.
11%.
11%
,
Power
&
....
pfd—
National
Rubber Machinery
National
Steel Car Ltd..
Sugar Refining
National Tea 5%% preferred...
National
National Transit..:
1
Union
see
page
290
6%
6%
200
*
11%.
11%
300
•
Penn
Penn
Traffic
Penn
Water
Pepperell
Perfect
19
12%
Co
&
4%
Mfg
Co
Co
Circle
:
98
19%
400
12%
1,200
5,700
3%
Jan
9%
Jan
Phillips
Pierce
Co
Securities common
Governor
Gold
Bess
&
common..
Mines
Pitney-Bowes
Pitts
pfd
Packing
Pioneer
Ltd
Postage
L
E
98%
93 %
94
Meter
RR
Pittsburgh & Lake Erie
76
30
3
65
100
119% 121
2 3/4
51 Vb
Jan
150
104
6%
6%
8%
8%
33
500
500
-
33
>>
8_
(.
,
24%
•
Apr
Apr
Jun
4%
Jan
213/4
24%
19,600
83/4
Jan
24% July
12%
100
8Vb
Jan
13 %
Jun
1
1%
13/4
1%
1,400
1 Va
Jan
___*
2'/a
Apr
7%
7%
73/4
800
6
Jan
7%
Jun
40%
40 ft
25
38
Jan
62
64%
700
473/4
Jan
50
50
64
42 %
Jun
64 %
July
Jan
143/4
Jun
Jan
97
•
Apr
Jun
8Vb
Jan
13%
Jun
12% Mar
14%
Jun
Glass
Inc
common
Scale
common
Mining Co
Sugar common
&
Alexander
Canada
Gold
Co
Prentice-Hall
1
7.50
__
10
25c
5
II
1
1,500
ft
*Jan
13/b May
8%
9%
2,400
3%
Feb
93/4
5%
5%
200
4%
Jan
7
Apr
5%
9
5
Jan
x9
Jun
Jan
30% July
,
*
•
Mining
1
Inc
30%
29
30%
200
%
4,600
19
•
Producers
May
9%
Feb
4%
Pressed
8%
Apr
31%
1,200
Jan
Jun
13%
Apr
33 %
50
8%
8
2%
Apr
21
8 3/4
10 Vb
4
Jan
Jan
843/4
12
Jan
Jun
5
400
Jan
Jan
Jun
7
300
8%
9%
July
34
12%
•
common
&
'
U
%
34
July
11
124
Jan
13%
25% July
Jun
Jan
Jan
94%
12% May
May
Jun
3
July
66% July
4
21%
6%
%
Jun
600
66%'
13
52
May
Feb
94
Jan 1
7
Jun
Jun
170
13%
Feb
49
993,4
95
Jan
94%
Pratt & Lambert
13
Jan
Jan
10
Premier
Feb
Apr
25
July
Jan
Jun
Jun
1%
Plate
Power Corp of
Jan
633/4
36%
Jan
Metallurgical
Valley Wine Co
Powdrell
6%
Jan
Jan
Pittsburgh
Jun
3Va
July
27%
% Mar
3
66%
25
1
/
Pittsburgh
Jun
July
44
Apr
4% Mar
18
743/4
530
•
5%
32 %
20
1
Power
Mar
Apr
150
•
Phila Electric
May
5,800
98
/ft 93 %
100
common
19
35
32% Mar
%
•
Co..
May
102
4%
is
.
•
Pharis Tire. & Rubber
30
Jan
17%
50
Philadelphia Co
Jan
87%
4 %
;
-
2.50
Power
Jan
Jan
Jan
31
50
•
•
27
7
I
19%.
12%
Light $7 preferred
Mfg Co
Sugar Prop common
9
40
10
___30c
177,
101% 102
«
•
Radio.
101%
•
12.50
National Tunnel & Mines
footnotes
_*
9%
28
28%
J
Metals
of
America
1
6%
Corp of Nevada
Prosperity Co class B
1
%
Providence
9,000
common.
Light $6
com
Salt
2% Mar
-
&
A
preferred
Penn
Mar
-_1
Mfg & Stores
2
32
•>
May
-50
(Del)
15%
32
1,000
Pennsylvania Edison Co $5 series pfd_*
$2.80 series preferred
•
Plough
-W Jan
Container
Refining common.....
For
v..'8
City Lines common....
preferred
National
National
V.
29
National Fuel Gas
National
ft.
25
convertible
National
1%
17 ft
*
-4
common
Penn Gas & Elec class
Potrero
common
17
25
1
Airlines
Pneumatic
10
I
common
17
1
Cent
Polaris
Nachman-Sprlngfilled
Mills
A
Penn
Pleasant
N
1
Pennroad Corp common
Phoenix
>2V'a
100
_____
Telephone
,
*
common
Plymouth
$1.40
Penn
Apr
10
Producers
Mountain
Patchogue
Peninsular
May
7%
Jan
Mtge Bank of Col Am shs
Mountain
109
Jan
l3/8 Mar
20
22 V*
Jun
Jan
7/8
Apr
59 % Mar
Jan
4%
Apr
ft 90
Jan
■■■■
17.
100
Jun
1%
*
Jan
ft
i;:T003/4
5%
300
v-—A'V.v
7%;
Corp
Mar
2%
Apr
50,
— ft
Parkersburg Rig & Reel
Jun
19
Jan
100
ft-/.
2.50
common
Jan
;.
•v.A'%
200
.
100
Monarch Machine Tool
Monroe Loan
Jun
300
'
2VB
56%
pfd
Missouri Public Service common
Pictures
19%
2ft
ft—— "ft*
1
•
Mining & Mfg
Light 7 %
Voehringer
Jan
8%
2
10
i
Pwr Si
Molybdenum
30%
15%
"
Mississippi River Power 6 %
Mock Jud
50
Supply
Refineries
Minnesota
30%.
50
Co
Mining Corp of Canada—
Minnesota
19 Va
•
Gas
Public Service
6%
1st
of
•
6 Va
6 3/4
3%
400
ft
6,800
%
8
Jan
Jan
Vb
500
Jan
Feb
41
Mar
Jun
May
73/8 Mar
Jan
4
7
8
Jun
Va May
8
Jun
8% Mar
Colorado—
preferred
7 % 1st preferred
Puget Sound Power & Light—
$5 prior preferred
$6 preferred..
lVa:
1%,
1%
2,800
1%
Jun
1%
Feb
3%
3%
Puget Sound Pulp & Timber
Pyle-National Co common
3%
1,300
%
Jan
4%
Apr
Pyrene
Manufacturing
100
104
100
*
*
/
5
:
Apr
106%
Jan.
109
Apr
114
Jan
75%
13%
1163/4
275
101%
Jan
117%
Jun
72%
75%
3,700
45 Va
Jan
75%
Jun
12
>.
•
10
__
12 Va
600
7%
Jan
133/8
Apr
13
13%
325
8%
Jan
15
Jun
7%
Feb
116
9% May
Monday, July 12, 1943
COMMERCIAL & FINANCIAL CHRONICLE
THE
Friday
STOCKS
■
Stinnes
Stroock
(S)
Sullivan
Jan
/// 92
Mar
146
Feb
13
July
156
13
Feb
July
70
•
100
Quaker Oats common
preferred
Quebec Power Co
6%
60
155
154
'/—
•
Sun
Co
Machinery
Oil
Sunray
Superior Port Cement class B com
Swan Finch Oil Corp
1 % May
Jan
21%
Jun
2,100
20
13%
Jan
20%
Jun
Jan
11% Mar
1%
Jan
5
6,500
48
200
4%
48
48
Jan
7%
"5
%
12%
19%
20
50
•
15
preferred
convertible
5%%
High
Low
200
" %
%
%
1
1
Ray Drug Co
Range Since January 1
Shares
High
Low
5
•
•
Corp
(Hugo)
for Week
Range
of Prices
Par
»
High
Low
High
Low
Sales
Week's
-
Last
Sale Price
'i/Yv
July 9
for Week
Range
Last
Par
/
Exchange
Ended
Week
•r
Curb
York
New
1
Range Since January
Shares
of Prices
Sale Price
Exchange
Week Ended July 9
Curb
Sales
Week's
Friday
STOCKS
York
New
5%
Jun
49 % May
Jan
43
14
12% Mar
Apr
9% May
8% Mar
R
warrants-
Radlo-Kelth-Orpheum option
Voting
Investment A
Co, common
Rath Packing
Oil Corp—:—
Reliance Electric & Engineering
Republic Aviation
Rheem Manufacturing Co
Rice Stlx Dry Goods
Richmond
Radiator
Rio Grande Valley Gas Co v t c
;
Rochester Gas & Elec
& Pendleton
Roeser
..y
.
ii%
11%
11%
1%
1%
<-•
.
"4%
"4%
3,200
13%
500
13
13%
1
■
Jun
13%
Apr
5% May
Jan
3%
Va
9%
Jan
1%
5,700
A
/
3
;
1,200
<
7/a
Jan
105
Jun
13
Jan
17
Apr
7%
200
-9%
10%
Jan
Jun
9%
9%
3
3
1,000
2%
Jan
4
3
4'/a
4
4»/4
2,300
2%
Jan
5% May
17%
100
.
Mar
18 % May
21
*
21
.
16
Feb
69
Jun
Feb
22
Apr
19
125
,
Jan
49%
17%
& Haynes common
Ryerson
->4%
4%
5%
1%
1%
5% Mar
Jan
6% Mar
A
100
300
r
6%
Jan
3%
600
5%
4%
1
•
1
Jan
3%
Jan
%
1%
Ryan
3%
2%
Aeronautical Co
Consolidated Petroleum
Ryan
4%
24
•4,200
3% Mar
1,100
17% Mar
12%
13%
7,400
4%
5
common
6%
,7 40
111"% 112
6%
21%"
2
102
Jun
24
Mar
13% May
Jan
Jun
112%
Mar
6%
21 %
3,700
3%
17%
Jan
400
4%
6% July
Jan
200
7%
5%
21%
1
1
Jan
Exports
Product
Tobacco
2
1%
2 7
22%
Apr
5%
5%
0,700
Amer
dep
Amer
dep recs def reg
11
Apr
// 2
Inc
64%
—
—
•
„
,
Feb
3
May
Jan
67
Jun
Mar
107%
107
Mar
112
A Jan
■
1
Feb
May
Jun
„
800
1%
Jan
2,300
6%
Jan
16
2,200
3a
Jan
500
4%
Jan
10
Apr
Jan
64
Tung-Sol Lamp Works
80c convertible preferred
Jun
—
700
Jan
5% May
100
6%
Jan
10% May
T'OO
5%
10%
1%
2
Jan
3% May
1%
1
5%
10%
•
Udylite Corp
39
50
62
62
62
1
■'
1 % May
__
8%
1
A
Apr
4
8%
jj|
■
Jun
3%
15%
1
3%
14%
Tubize Chatlllon Corp—
Class
July
102
70
-
—
1
—
Jun
11
Jan
53
•
warrants
Tri-Continental
11
64%
__
6%
100
Jun
5%
2% Feb
1%
regis
rets ord
Shipyards Corp
•
__
Toledo Edison 6% preferred——100 —
7%
preferred
100
—
Tonopah Mining of Nevada
1
Trans Lux Corp
1
3%
Trans western Oil Co
10
14%
Apr
2% Jun
59
Jan
43
Security Trust Co Ltd—
Tobacco
Trunz
7% July
% Jan
400
554
—*
-
7
—
•
Todd
.—
Royalite Oil Co Ltd
Russeks Fifth Ave
Co
4%
22%
13
.—100
pfd-
Tishman Realty & Construction,—
Tobacco'& Allied Stocks
Apr
91%
common
Field Inc
Root Petroleum Co
$1.20 convertible preferred
7%
Roofing Inc
Tilo
3% May
aV Jan
.
Shovel
Thew
*
& Land Co—
Texon Oil
Feb
Jan
7
__
Jun
14
9% Mar
Texas Power & Light
.
"3%
100
*
5
5
1
20
_
%
Jan
3
common
24
•
Electric Co common
Tampa
5%
1
♦
Taggart Corp common
Apr
1%
297a July
Jan
10%
—V ■:
4%
Mar
A dart
-
1,200
j,'/
Mar
51
13% ,Jun
21%
900
% /:' A'
19
Jan
ZaZ.% Jan
2,400.
^ {
6% pfd D
Inc
Typewriter
Jun
YaMar
Jun
2%
900
29%
28%
A
1
——*
1
1
Roosevelt
Rqyal
Jun
Jan
13% Jan
1,200
17%:
:
.1%
5
1
Cable Corp
Rome
Jan
,49
50c
Reiter Foster
14
16%
.17%
•
•
Manufacturing common__50c
Oil Co
1
Roller Bit Co
Reed
125
Technicolor Inc
Raymond Concrete Pile common
$3 convertible preferred
Raytheon
Red Bank
7%
V4
13%
10
1
10
common
& Utility
Railway
.2%
14
BV Jan
17,000
i%
i%
Securities
& Light
Railway
i%
2% May
u
St
St
$2 conv
A
Class
*
Ltd
pref
Lawrence Corp
preferred
7%
Savoy
Oil Co
United Corp common—
Mills
Oil Co
Schiff
Co
Salt
Dome
Samson
Sanford
common
5
—100
1
1
*
5
•
Manufacturing
Electric $6 preferred
Scovill
Scranton
Lace
Scranton
Securities Corp
Seeman
5%
Sherwin-Williams of
Co
Silex
common
Simmons-Boardman Publications—
$3 convertible preferred
Pattern
Simplicity
Solar
Corp
Sonotone
§oss
South
Penn
Oil—
.
17%
Jan
26/ May
44
Apr
58
12%
14%
5,600
Phosphate Co
Southern Pipe Line
Southland Royalty Co
Spalding (AG) & Bros
1st preferred
Spanish & General Corp—
Amer dep rets crd bearer
Amer dep rets ord regis
;
Spencer
mmmm
"3%
j/V
1st preferred
preferred,-
Sterling Aluminum Products,
Sterling Brewers Inc
Inc
Co common
footnotes see page
3% Mar
«*«•
400
_<•
96
116
Jan
May
1% May
10
May
72% July
177.
Feb
4% May
6%
200
Jan
% May
116
8% July
Apr
4
16%
Jan
98
111%
60
Jun
4%
Jan
Apr
"l%
"£%
A
"l%
July
119%
Jun
Jan
32
22
Jan
1
175%
110
225 % 234
Jan
3% Mar
105% 105%
3%
4%
3%
3%
3%
5%
5%
5%
•" 3%
3%
4%
:
,•
:
/ Jan
2
2,500
5
Mar
105%
preferred non-voting
Option warrants
A
%
4,100
%
%
•
participating preferred
•
United Molasses Co Ltd—
Amer dep rets ord regis
United N J RR & Canal Co
100
United Profit Sharing,
ii,25c
10%
preferred
10
United Shoe Machinery common
25
$3
U
Graphite
S
Jun
6
10J
2%
Feb
42
90
31%
31
31%
30
30%
600
1%
100
Jan
37%
600
30%
28% Mar
Jan
40
29%
Jan
28%
Feb
%
Jan
v-.r
i
Jun
4
May
49%
Jun
32
2,300
1%
28%
70
30% July
May
2
Jun
57/a
Jan
11
Jan
4
Jan
23
,
Apr
Jun
1
Jan
% May
5%
47/a
5%
10,700
2%
2%
2%
200
7/a
Jan
%
Jan
1
4
50
20
1
1
1
•
Jan
27%
3%
3%
/
500 :
2
500
600
2%
Jan
17%
100
12%
Jan
2%
2'/a
100
1%
Jan
15%
Products Co—
Sugar
Valspar Corp common
$4 convertible preferred
Petroleum
Virginia Public Service
7% pfd
Manufacturing
%
A
5% July
May
6% May
18
May
2% Mar
Mining
Walker
Wayne
2%.
Va
West
Jun
~2%
5
•
1
10c
1
Jan
Jan
m
2,200
6%
Jan
A
32
2,100
Air Lines
A May
53 %
July
9% Mar
A Feb
% May
Jan
2 % May
is
Western
1
5
1
—
40
25
Westmoreland Inc
400
1%
—
11%
3%
11%
n%
3%
100
1%
1%
800
6%
300
6%
July
19% July
Jan
20% May
2%
^
Feb
%
Jan
Jan
49
3
May
65
Jan /,
July
4%
Jan
2
18
425
Jan
Jan
4%
8,700
7%
7
%
1,900
29
28
7%
,/
Jun
2% May
75
Jun
Jan
1% May
30
Mar
7% July
67-
71
May
7%
65%
100
•
Jan
Jan
10
July
44
30
1%
Jun
Williams
12 V2
Jun
Williams
2%
Jan
4% July
Feb
35
40
Jun
Jan
10
Jun
6%
Jan
1%
Jan
H Jan
2%
Jan
1
8
1.25
12% May
4
Jun
1% May
7
May
10
•
(R
C)
Co
&
•
Willson Products Inc
1
Wisconsin Power & Light 7% pfd__100
Wolverine Portland Cement
10
Woodley Petroleum
1
Oil-O-Matic
Woolworth
American
Wright
(F W)
Jan
5%
Feb
86%
Apr
7%
Feb
9%
Jun
%
Apr
1%
Jun
A
Jan
A May
Jan
14 % May
2%
Jan
4
Mar
98%
Jan
106
May
4
7%
9%
90
90
'
'
«*•«••
'
*
—
—
*
.
700
%
%
'
m.
3%
~3%
~4%
"4%
10%
9%
3%
5
400
5a
*
Apr
6%
Apr
4
Jan
11% July
Apr
11% May
67
—
Jan
5%
1,900
10,900
92%
May
95
Jan
18
Mar
21%
Jun
26
May
13
10
Jan
14%
92%
Feb
15% May
__
>'■/'
22
23
125
15%
15%
150
"9%
300
:
5%
"9%
Jan
9%
5%
9
Jan
7% May
7 Va Mar
9% July
Jan
Jan
12
Jun
108
3%
~6%
6%
x9V4
~
"3
.
x9%
2%
3
.
Feb
4%
200
4
Jan
7
100
6%
Jan
10
2
Jan
4
3,700
Jun
4% Mar
1%
■
9
108
Heating
receipts
Ltd
9% July
90
9
/•;/
11%
Ltd—
deposit
Hargreaves
5% Mar
3%
20
11%
1
3,300
300
4
*9%
1
Weyenberg Shoe Mfg
River Oil Corp
Wichita
Jan
7%
■
Jun
2% May
22
Jun
20J
1%
1%
1%
29
20
10
Westmoreland Coal
Jan
--
40
Apr
Apr
14%
—
Maryland Ry 7% 1st pfd__100
Tablet & Stationery com
*
Western
9
300
•
13
7%
18%
—
45%
c,
ft May
1%
600
Feb •
/Jan
1,000
"1% "1%
c
/Feb fe
1,000
2%
3
Jan
Feb
1
1,300
65
63%
65
A May
A Jan
200
2Va
—
5
1
20
Coke
Inc
Grocer Co
Western
113
J an
,16%
~4%
Feb
1%
3,700
19%
18%
_•
$6 preferred
Coal &
Western
Jan
Utility
Texas
Jun
3*2
Co
Knitting Mills
Manufacturing
West
Apr
1,900
.
Jun
2%
15
•
Wentworth
17%
3%
"1%
3%
4%
100
Bond class A
&
16%
3,900
16
Waitt
Jan
9%
/
Jun
Jan
1%
11
voting trust ctfs ext.,*
preferred
7%
Jan
i36
9%
Jun
30%
500
1
3
2%
•
Co
Wagner Baking
12%
A
44
53%
1 % May
80%
Jan
July/
27%
50
W
Aircraft
13
110
A.
.
Apr
Jun
9% July
1% Jun
79
27%
!
Jan
60
600
78
mm+»
15%
"%
57/e
/
Jan
Va
700
7/a
7/a
7%
July
6%
2% Jan
150
<
17%
50
Jan
47
3,400
2% July
700
47
9%
28% July
V»
16%
Jan
6
May
700
2%
280
43
5%
Apr
July
9
Jan
-
%
—
72% May
Feb
%
v
Jan
l7/a
Light $7 preferred
Utah Radio Products
Utility Equities common
$5.50 priority stock
Waco
"5%
Jun
63
31% May
121%
6%
3%
28%
fa?-#
Jun
325
71%
Jun
Apr
7%
1,700
3%
—
4%
9%
Utah Power &
Vogt
11
Jun
Feb
43% May
Mar
5%
10%
Jun
255
%
57/s
78%
July
2%
•
Jun
July
J
Jan
1,200
common
%
4%
Feb
5%
Paper
Venezuelan
115
11
Mar'
5%
50c
2
Universal Consolidated Oil—
10
Universal Cooler class A
•
Class
B
•
Universal Insurance
8
Universal Pictures new v t c common_l
Utah-Idaho
Jun
Jan
42
•
//
A
500
—.
46%
Reclaiming
Wall
United
4%
1%
:
/
93
5%
U S Radiator common
Universal
400
'
39
Feb
250
71%
71%
Securities
preferred with warrants
Plywood $1.50 conv preferred—20
Rubber
Feb
80
/
'
and International
S
29%
—
,
%
t.-'i
$5 1st
U S
54% July
"-r'
Foil Co class B
U S
Jan
25
/
%
:
United Specialties common
U S
Jan
3%
25
Preferred
—
Jan
%
21%
39
—
•
United Milk Products
U May
%
7,500
54%
39
•
Jan
7,300
% ■'-f'-O' 1°6 I'-
■
53
54%
Jun
122% May
II May
Jan
A
May
4%
Jan
115
12,200
•
A May
16
Jan
%
1,200
%
%
preferred
1st
$6
120% 121%
121%
—
class B—
Common
4% July
4 % May
600
/1%
Apr
241
Jan
46
<t
May
2% July
2%
45%
45%
Jan
2%
1,100
3%
Jan
96
30'
-
23,800
4%
4%
—
1% May
A Jan
36,700
14% July
40')
2%
2%
10
10
5
Jun
Jan
10
50
4%
3%
3%
United Stores common
—
16%
57%
Jan
12% May
21% May
200
14%
14
14
•
"
Jan
Jan
%
11,000
13,100
15% vl5% /
1
•
Jun
10% Mar
12%
■
Jan
12
1*6
$7
Jun
7%
14% May
57%
warrants
United Gas Corp common
U
234
6%
500
11%
11%
U%
•
July
72
83
200
Jun
9%
17
14
;
98
Jan
v'2%
-•
A"
.
98
•
1
Sterchi Bros Stores
For
3%
July
1% July
Jan
/'
/
trust ctfs__1
•
& Co common
(J B)
Jan
A
5
•
1
class B
of Canada
Stetson
.->■
.
'
"
—
1
(The) Corp voting
Sterling
52%
///
A
3%
—
•
—*
1
Steel Co
2d
50
100
i
•
Starrett
5%
Jan
51%
a
%
Products Co
Standard Silver Lead
6%
Jan
300
—
Preferred
(A)
9
Jan
%
3
%
Standard
Stein
Jan
13 % Mar
700
72
•
class B
Tube
.
1,000
1%
72%
::';H
"•.
4%
150
72
" \
■'/'
•
Standard Brewing Co
2.78
Standard Cap & Seal common
1
Convertible preferred
10
Standard Dredging Corp common,
1
$1.60 convertible preferred—
20
Standard Oil (Ky)
10
Standard Oil (Ohio)—5% pfd
100
Standard Power & Light
1
Standard
900
Jan
44
Feb
%
9Va
72
72
29%
700
16%
1%
Stahl-Meyer
Common
Stores
Cigar-Whelan
Corp
United Elastic Corp
May
3 % July
Jan
" :.-/l
700
/
67,300
8%
16
'
1
Shoe Corp
Inc
-
common
United
14% July
Jan
7%
1%
1%
8%
25
25
25
A—25
100
England Telephone—100
Southern
3%
44
42
■
Southern
New
30'-/
23%
•
10
Pa Pipe Line
California Edison—
5</c original preferred
6% preferred B
5%% preferred series C
Southern Colorado Power class
7% preferred
Southwest
Southern
1,100
29%
28%
1%
1
25
Coast Corp common
South
25%
Products
& participating pfd
cum
3% May
300
6%
—
•
1
•
•
10c
Jan
~l.'4 ~4%
Jun
Jun
8%
1
Manufacturing common
38 %
30%
...
170
6.—
£1
100
1
1
1
Aircraft Co
Manufacturing Co
Solar
Jan
Jan
1 %
1
100
common
Manufacturing Co
Singer Manufacturing Co Ltd—
Amer dep rets ord regis
Sioux City Gas & Elec 1%
pfd
Singer
22%
3
•
—•
Canada
75
35
51%
•
pfd series AAA
cum
1%
50%
■
——5
*
25
100
common
Sherwin-Williams
Jan
14%
1
1
Denn
Jan
%
23
m)M.
Mining
Shawinigan Water & Power
Shattuck
12%
1,500
common
United Light & Power common
25
Leather common
Seton
Apr
400
1%
51
5
Safety Control—
Serrick Corp class B
July
15%
23%
•
1
Sentry
Chemicals
$3
1st
•
$5.50 prior stock
Allotment certificates
Aircraft
United
Jun
■
1
Shoe Co
Selected Industries Inc common
Convertible stock
United
Jun
2%
1%
/
29%
Lock & Hardware
Selby
Apr
35
Jan
7 15%
35
Seiberling Rubber common,—
Segal
Union Investment
United
1%
1
*
Bros Inc
Jan
Co
of Canada
Gas
Union
2%
Jan
2,100
2%
Manufacturing
Unexcelled
8% July
15%
15%
•
common
General
is
Jun
137
Jan
109
'
*
Steel Co
Scullin
l7/a
2%
12,200
2%
2%
Brook Water Service—
preferred
$6
8%
l7/a
*
common
Scranton Spring
Jan
24%
7%
%
8
4% May
Jan
1%
12,000
4
115
1
25
25
*
(D A) common
Convertible preferred
Schulte
3%
3%
3
3
—
10c
10
•
Corp
Realization
Ulen
50
Paper common
Regis
May
May
Jun
Jun
May
Jun'
Apr
Volume
158
THE COMMERCIAL &
Number 4193
BONDS
New
York
Week
Curb
Friday
or
Sale Price
Period
July 1)
Week's Range
Last
Interest
Exchange
Ended
2%s
f
& Electric
debs
1950
J-J
3!/2S
s
I
debs
I960
J-J
s
f
deos___
1970
J-J
Amer
Pow
&
:
deb
Lt
Writing Paper 6s
Appalachian Elea Pow 3%s_.,
Appalachian Pow deb 6s
Arkansas
Pr
&
1961s
i
,
—1956
1953
AConv
deb
deb
Low
4Vis
105
■
J-D
94 Vi
94%
103%
104%
110'A
•96
F-A
1968
5Vis
1977
88 %
6
106%
Interest
Week's Range
Last
Period
Y
Elec & Gas 3%s
Westchester Ltg 4s
&
Debenture
or
1964
2004
1948
5%s
J-J
J-J
1969
Utility
J-J
1954
5s
Cont'l
Af-N
1st
3%s series A
124V2
126'A
26
107%
109
46%
Ogden
Ohio
73%
Gas
1st
Power
1st
5s
F-A
1945
1st
3'As
mtge
3s—
mtge
Ohio
22%
21%
22%
V
—
14%
25%
13%
25%
48
21%
21%
22%..
66
22
21%
22%
15
21%
A-O
,
22
13
i'ti:-
F-A
deb 5Vis A
1955
M-S
Light 4 Vis
Atlantic City Eiec 3V4s
Avery & Sons (B. P.) —
1955
1964
J-J
1947
J-D
Gas
warrants
Convertible
81%
'••'.7
$106'
MM
109%
M
5s
5s
13%
82
80%
82%
32
72%
$107% 109
M-S
+:772'/}'
109% 109'A
—
$10i:%
108%
106%
1962
series
Canada
Af-N
1st
109'A
CO CO
Central
XH-'
A-O
_1968
Af-S
_.
El
&
Gas
&
States
3%s
§ AChicago
Rys
Cincinnati St
series
5Vis
Elec
106%
103% 104
14;
101%
104
102% 103%
98%
$107
Jan
5s
5s
Service
36%
36Vs
37
Lt
&
Lt
El
Gas
J-J
100% 100%
F-A
1966
54%
A-O
M-S
J-D
53%
A-O
'%-V-.....
F-A 7
104%
J-J
103
.
Pr
M-N
Af-N
.':.V+
99%
1
96 %
121
95%
95
106%
J-D
•'
k
106
95%
mtge 4 Vis
1954
A-O
1958
F-A
110
F-A
114
Af-S
J-J
5s
Packing
S 104 '7
103%
88%
F-A
El
Service
Residential
5Vis;
1954
l
Af-N
1961
?
—
105%
A-O
J-J
J-D
Georgia Power Si Light 5s
Afcfen Coal 4s
1965
M-S
§AGObel
1978
1941
Af-S
1950
J-J
(Adolf) 4Vis ser A
West
4s
Great
Nor Power 5s
Green
Mountain
JAGuardian
9
F-A
$109
J-D
J-D
West
1958
5s
Pwr 3Vis
,
•«_
J-J
1948
6s
k';'■*'
Af-N
1966
•
23%
—
J-D
Jan 1949
/
22
%
+.98 V2
.7
19 v
•
1949
A-O
t97
1967
A-O
$107
1953
Jan
-
t
'
A-O
7-4s
3d
/
99%
111
Power
Pwr
3%s
7-4s
6s
98%
2nd
Toledo
Lt
&
1st
6s
A—.
ser
107%
107
101%
111%
ref
&
1954
May
Indiana
Hydro-Elec
Indiana
Service
5s
ref 5s
lien <&
1st
5s
A6Vis
A7s
Af-N
$103
104
J-J
1941
1
77
,
89
M-N
J-D
89
88%
«...
F-A
\
■■■:
'
-
m.~
.
77-5
&
7.
__
$112% 116 7\7
108'A 108%
coup)
29%
28
29%
2
,29%
32
*vV'vv
29
29
^
$28
30
'"J
29
1957
coupon)
1952
1952
1941
Power
1957
5s—
&
29
Gas
J-J
85
J-J
53'A
Af-8
6s
1963
J-J
(stamped)
Electric
Power
1942
2022
M-S
196°
Electric 6s
& Light 3Vis
Powp'*
J-D
J-J
Kentucky Utilities 4s
1970
j-j
Laae
1960
A-O
1957
J-D
Superior Dist Pow 3%s
Louisiana
& Lt
Pow
5s
Radiator &
West
Penn
Penn
90%
West
80
90%
Co
85%'
Petrol
6Vis
AMidland
Valley RR
$64%
7/
V.
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5s
-
$107
k $112
L•'•
7
«...
<"
.+
'
■
'~.L
■
110
ref
& Suffolk
72
'106%
.'
8
108'%
06%
105
15
62
74%
82%
81%
82%
20
64%
82
82%
81%
82
81%
82
18
65%
82%
'82 »4
81%
82'/a
18
65%
81
82%
82
24
65'/a
82
-8
64'/a
82 '
24
32
82%
F-A
48%
26
4
.'48 'A
$20
9
\
;
49
26
J-J
...
28
65
8
24
-
•12%
25
—
1946
A-O
1960
5s
J-J
1956
F-A
99%
J-D
1949
4s
13%
42
105%
23
107%
115% 115%
J-J
1952
?0
107% 108%
108% 109%
J-J
1968
J
$17
108
M-N
1979
5s
series
J-D
1
99%
111
6
$109
IO91/2
91'/a
91%
91%
$112
107%
29
85
112%
1944
F-A
Af-N
46
v;3
99%
109%
115%
100
109%
91%
99%
105% 105%
19%
20%
$109% 111
116
7
19%
109
96%
14
105%
112%
106%
102%"
117% 117%'.
A-O
2022
A
.102
25
108%
111%
$105% 106%
102%
'
96%
Co—
debs
Electric
1954
93
M-S
1951
5s
J-D
1964
3'As
Traction
Rys
•95%
96
102%
117%
99%
105%
J-D
2030
A-O
1960
110
5s
J-D
107%
98
F-A
5s
81
98
1
81
82
1937
stpd
5s
102%
3
J-D
93%
93 %
J-D
93
93%
110%
108%
110
107% 107%
F-A
24
109%
109
$110% 114
1947
Co
4%
108%
~1
110
118%
85%
98
2
63%
75
95
73%
-
83
2;•
-
95
11
'85%
36
104%
7
16%
54%
O OO
BONDS
41%
New
'•-.Vi-.:
46
8
York
111
113%.v
108% 108%
$107% 108%
107%
122
10
106%
123
A
20-year
A
20-year
109'A 110
15
108%
Bogota
107 Y2
'
113 7.
108%
■'
deb
England
J-D
106'%
J-D
107%
J-J
106%
2022
Elec
1UUY2
ACauca
108%
110%
6s
86%
100%
59%
59'A
108
108
106% 106%
107
111%
100'A
10
,
5s
7s
102%
49
62%
Power
Public
series
Danish
7
106%
109
6
103'A
107%
5
110%
F-A
102
January 1
No.
Low
•'
J-J
J-D
$20%
M-N
1953
F-A
s--
+
■■
_
_
J-J
7 49
49
A Ma ranho
AMedellin
7s__™__.__^
7s
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-V
■
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7:
stamped
.'
—
J-D
_
7;' ^
-.
—
Alssue
of May
1927
Af-N
of
1927
52%
20
10
15
20%
11%
20%
20
35
23
/
$38
A-O
Oct
52%
42
;
■
1947
Alssue
23%
44 3A
$28
,
28
51
J $18%
M-N
1951
Mortgage Bank' of Bogota 7s
50%
,
$10 7
mm'
M-S
.1958
-
52
14%
■
$48
-
•
J-D
102
5
98
22%
3
12%
110% 110%
8
107%
110%
117
F-A
1
114
'
•.
30
"
■Ji
23%
M
M-
'/
$38
24%
32
•'
.
16%
36 3A
M-S
117
102
26
A-O
J-J
M-S
69%
63%
71
74
49%
71
J-D
70
69%
72
34
50%
72
Af-N
69%
69%
71
47--
50
71
102
(State)
1958
7s
J-D
J-D
M-S
•
'MII :''7
32
$19%
25
48%
48%
49
$33
35
18
8
35
20%
45
49%
22%
35%
17
30
117%
22%
110%
A Rio
'1931
.1972
High
46
;
*
20%
113
101% 102
19
$112% 118%
97'A
112%
114%
M-N
107Vi
109
1948
A-O
93%
93
93%
61
76%
94
1954
J-D
96'%
95'A
96%
74
82%
1949
J-D
$108% 109'A
$104% 105
102%
de
A Russian
A
5'%
Janeiro
6%s
1959
6%s
s
J-J
26%
26'%
1919
J-D
5%
5'%
1921
Government
J-J
5%
7\ 5%
"9
27
6%
114
9%
30
6
2%
2%
9%
102
1961
5s
AMortgage Bank of Chile 6s
Mortgage Bank of Denmark 5s
107%
Range Since
Sold
$52
$52
Danzig Port & Waterways—
A External 6%s
.1952
stamped
ALima City (Peru)
6'%s stamped..1958
Y
106 Vi 106%
Bonds
High
■
5%s
109
1948
Nov
A-O
of)
106%
111% 111'A
Friday's
1955
Bank
105%
Af-N
Service—
A
or
Sale Price Bid & Asked
1947
__Jan
Mortgage
Valley 7s
103%
1956
3'As
Last
Period
1948
7s
(see
8
1947
5s
.i.
1948
April
1
1948
5s
:
110'/a
109%
59%
108
99
102'A
1950
Gas
-
A Income
99 7
$101% 102%
A-O
1943
England Power Assn 5s__
Debenture 5 Vis
Orleans
99
'
Agricultural Mortgage Bank (Col)-
112%
1;
:■
Interest
+ '/;/.
Low
'
.:
Fxchange
July 9
109'A
106%
"
•
Curb
Ended
64%
AParana
Ltg 5s
A
Amsterdam
J-J
M-ti
1951
New
New
105
29%
17
110% 110%
.11957
New Eng Gas & El Assn 5s
5s
New
'
—
29
1
66
Af-N
1955
Nevada-California
Conv
52%
74%
A-O
5%s
Power
Week
Af-N
SANatlonal Public Service 5s ctfs__1978
Nebraska Power 4Vis
1981
New
79
29%
$100% 101%
111
$110
1978
5s
series
99
1943
Mississippi P & L 5s
Mississippi River Pow 1st 5s
6s
105
69%
30
29
122% 122%
1967
Light 4Vis
Minnesota P & L 4Vis
Nassau
108%
103
105%
29%
16%
.
108% 108%
A/-9
1945
Gas
&
105%
106%
103
1957
1946
Power
6s
AStamped
29%
19
37
1971
E
4s
Milwaukee
1st
105
..1950
Newspaper Union—
6s unstamped extended to 1959
6s stamped extended to 1959
115
17%
— —
53%
1965
Edison
States
F A
1947
4Vis
G
series
Middle
1948
conv
Metropolitan
4s
103105
103% 106%
102%
$107% 110
Western
Mfg—•
stamped
Mengel
X-
F-A
1952
income
Extended
6s
_5
55
105'%
73%
1957
Ry & Elec 4s
377 :7,;"74%
"
■v'7 2
105% 105%
37
LL
7
Af-S
1966
71
84%
52
7.
J-D
1965
3Vis
2 7
'
1958
Jersey Cent Pow & Lt 3 Vis
Kansas Gas &
J-J
1952
Light
Superpower
A Jacksonville
«1'
4Vis
6s
Power
Altalian
coupon)
F
(July
Debenture
McCord
&
Water
16%
105
104%
Waldorf-Astoria Hotel—
A 5s
17
'
—w
100%
100%
68%
F-A
Rys
Wash
18%
3
$28
69%
J-D
deposit—™—
97
17
13
104%
74%
1966
8s
131
85%
A-O
1948
1
Utah Power & Light Co—
1st lien & gen 4%s
'105% 108%
-
May
Dec
A
series
15
105
A-O
6s
131
97
$104
F-A
1A York
29%
N
cons
&
129'%
A-O
May 1948
3%s
Wash
112
3
90%
114
M-N
2022
102
7
79
108%
$1Q8% 110
Af-S
7.
1959
Lt
80%
7
1989
(Delaware) 5%s_1952
United Light & Railways (Maine) —
107
103
13
7
106% 106%
F-A
2022
Light 5s
106
101
'
8s
Service
99%
88%
7 ;-.V'
of
94%
89%
'—-A'
F-A
1955
■7
A-O
1955
1941
series
Kansas
102
102
27
106%
154
'
A7s
Kansas
101
106% 106%
'■
—_
Sec—
E
(Aug
Interstate
Iowa
102
1970
C
(Dec
series
1957
1963
Power
series
A7s
105% 105%
1957
Slnternational
A7s
105%
Af-S
1952
AIndianapolis Gas 5s A
Indianapolis P & L 3'As
A6Vis
J-D
1958
C
J-D
1956
1950
series
5s
deb 5'/is
L
Power
Light
1st lien
99/
'
ref 5 Vis series B
1st &
1st
S f
103%
138%
$104% 104%
111%
107%
89'A
113
'
105
F-A
1-951
Electric
United
99%
104%
277?
110
Industries—
Edison
United
58%
~
1
Electric—
City Rapid Transit 5%s
United
88
107%
107% 7
1951
1970
111:
24%
93
—
J-J
A
Water
Twin
44.
12
91%
106%
■l
104% 105
A-O
stamped
series
Tide
.
100
91
108%
1970
stamped
100
*19%
27
112
77
104
J-J
Rys 4s
&
(Hugo)
Electric
110%
7,,.
112
111
1
95%
104%
M-S
.
Power &
'78
110%
'
(Calif)—
& Light
Corp inc 5s
(Hugo) Corp—
Texas
98%
'
Gas
Power
Texas
82
8
100%
$64
J-J
1965
debentures
98%
108%
"7
gold
105 '•
91/
1947
1957
deb 5s
&
97
57
107
97%
91%
$128
A-O
3s
6s
Stinnes
90%
2
12
113%
89
97
A-O
3'As
Gas
6s
Debenture
Idaho
P
Gas
93%
2 7
67
23%
Indiana
(A G)
Stinnes
52
91%
+7/
6s
5s
Edison
AStarreit
106'A
.65,
105
—
$111
A-O
1971
Counties
? 105.; 107%
■:i 104% 106'/«
till 'A 111%
A-O
.
Af-S
1967
mtge 3s
Standard
106%
y
110%
115
149% 150%
—
109 %
107%
111
109% 109%
106 % 106'A
J-D
1951
Coal
Power
Certificates
109'A
101
$87 7 94%*
58%
59%
Wyoming
Carolina
Debenture
100
51
1952
(stamped)
Conv 6s stamped
124
103
$99
1945
109%
89%
1970
California
6s
104
"
37
106%
107'%
14
112
$90%
150%
1951
6s
D
California
90
87%
108
MM
110
$112
•
M-N
6s
103%
123%
7~.1
" 7
99%
1950
Investors
B
series
99%
1963
Hygrade Food 6s ser A
6s
79
99%
3%
Products
Houston Lt &
101
SSiL
,c
series
Standard
87%
3
82
Estate
Debenture
98
82
99%
.
stpd
Pow
&
Guantanamo
99%
97
97
__
4Vis
Spalding
'•79 7
>/.
105%...
98%' '"-,98% 98%
'Si $102%:+™
Real
Southwestern
■97%
—.
,
J-D
Jersey—
Joaquin Lt & Pwr 6s B
1st
123%
88
105
J-D
1949
A-O
Southern
104
60
Li
89%
$52
$105'/4 105%
IK
—
1964
Southwestern Gas & Elec 3 Vis
13
7
105
•: '•'•
111
."—
J-D
110%
21
87%
1
100'/a 100%
111%
A-O
1952
Sheridan
98%
82%
102%
20
'7-"
/
Colorado—
New
Southern
101%
V
110"
$108
—
M-N
certificates
Southern
120%
139
105% 105%
'
J-J
1954
1969
A
5s
Glen
Grocery Store
i
104'%
30'%
MM'"
113% 114
100%
Af-S
1979
South
121
i:
105% 106%
J-D
1953
3%s
Serv
Trunk
96
109%
3
99% 100
M-S
1966
C
ser
Florida Pow & Lt 5s
Grand
'77
10378 1U3%
88%
106
Mtge Bank—
Co 4s
Power
1
$123% 124%
•
Pub
.
99%
Af-S
1952
5s
stamped
Gatmeau
■
1956
A
1st
105%, 109
96%
84%
*'K.
series
Southern
1
'.
104
96%
M-S
Florida Power
951:
86
$123% 125%
M-S
1956
Water
General
104
96%
Af-S
2030
Federal
95
119
$107% inn'/a
'V
■
1956
5s
District
6s-5s
J.L
1955
3%s
& Light
Empire
Finland
V
J-D
1944
Lt & RR 5s
Power
Water
24
'
107
110
7
•
1959
B
Shawinigan Water & Pwr 4Vis
99%
85 -7
v
102%
101%
26
$108% 109%
__
J-J
Harbor Water 4%s
ASchulte
(Bait City)—
Eastern Gas & Fuel 4s ser A
Elmira
96%
110% 110%
..' " -7
of
109
100%
7/" 12 i
106%
107
1961
4 Vis
Scullin Steel inc mtge 3s
96%
84%
10
39
Continental Gas & El. 5s
Electric
89
83%
95
96
$119
l'
84%
'
10
94%
J-J
Cudahy
57%
95%
96
E
5s
Hl'%
106%
9
Co—
F
(Can)
109%
5
fu-i1
San
104Va
99%
—
5 Vis
103V2
951/2
1976
Tobacco
45%
95
Af-N
Edison
perpetual
Safe
100%
103
95
J-D
Coke
8
Queens Borough Gas Si Electric—
'
100'/2
96
J-D
Cuban
100
•
1
95%
A-O
39
1
«*.«-»'
J-D
Gas
lu7
•
1962
6s
39
13
16
Af-S
1971
N
3s ser P
ref mtge 2%s ser Q
Gen
107%
(Bait)—
mtge
Consolidated
54%
103
M -N
1969
series
110
-'7 ":v;
104% 104'%
$37
39
__
1972
5%s
extended
Service
6%
107%
13
3
104% 104%
1951
A
7s
&
106
107%
103%
101% 102%
'
1952
5Vis
Pr
r.
■
111%
1067/a 106%
1950
Power
Service Co of
Public
107%
58
1969
L
&
109%
105%
1977
mtge 3%s
Sinking fund deb 4s
99%
105'A
1
M-S
1949
ref
1st
X—
,7'Y.
35
1958
P
5 Vis
Connecticut
1st
,'"v' •;"•'
107%
107% 107%
36%
1950
5s
Debenture
84%
106%
1
1964
1st
105
102%
85%
36%
1927
5s
Debenture
3'As
3
98%
&
series
Corp
Public
103%
36%
1955
4Vis
Power
104
11
--
Gas
stamped
Potomac
119%
':LL
102%
106% 106%
F-A
1952
Ry 5Vis A—
deb
Consol
117%
'.v.!;
105%
J-J
1953
B
Service
Conv
107%
115 %
9
k
107
101%
1970
Portland
5s
120
$104
'
J-D
1969
ctfs
5s
112
105
;' 54'%
11
v* y
1979
Philadelphia Rapid Transit
116
1948
5s
Elec
P ft L
;
10:
1955
5s
Philadelphia
127%
114%
1954
Central
Cities
108%
1
$150
ki'f-
-
Af-N
1964
Light 3%s
A5Vis
Cities
43
106 '/8
M-S
1953
5s
$118
«
L
J-D
1954
5s
Power
States
84 'A
F-A
Pennsylvania Water & Power 3'As_1964
100%
104
1970
2%s
Power
jAt'entral
6s
113% 116
V •••;£,;*.
Q-F
1962
Power
*
High
115%
111
A-O
1948
3'As
w-:
115'% 115%
1998
Northern
Central.Ill
114%
1960
Electric 4Vis
River
J-D
6s
Edison
Broad
Af-S
1957
6Vis
Steel
Birmingham
Boston
1950
B
C
Bethlehem
Bickford's Inc
111
107
107
F-A
Aug 1955
Power & Light 5s
Lexington 1st mtge 3s
Penn Central Lt & Pwr 4%S—
83
107
4s
3%s B
Park
25%
25%
14
Service
Pacific
25%
12%
+
Public
Oklahoma Nat Gas
Oklahoma Power & Water 5s
of Canada—
series
Low
"l
109% 109'%
■—
1
6s
Telephone
1st
107
106% 106%
A-O
Januarv
No.
$115% 119'%
84%
A-O
1971
Range Since
Sold
113
107
1
Baldwin Locomotive Works—
Bell
$111
•
-.107
■
Af-N
1968
Bonds
High
■
1"
__
.
200
Friday's
Sale Price Bid & Asked
Northern Ind Public Service—
94Vi
109
'
without
N
Nor
105%
3
>
$21%
Af-S
J-J
5s
5s
Friday
Exchange
July !)
L010
107%
IO71/2
132
107% 1081/2
71%
73%
73
1949
ADebenture
Assoc T & T
Curb
Ended
High
105
5.
$124% 127
108
A-O
1948
AConv
Atlanta
York
Week
N Y State
941/2
V 108% 109
^
J-J
1950
AConv deb 5s
deb
New
Co—
4Vis
AConv
No.
109% 109%
104% 105%
J-J
2024
5s
SAssociated Gas & Elec
High
104'A 104 3A
J-J
1970.
4Vis
Lt
Elec
Range Since
January 1
Sold
,$107% 108'A
109%
M-S
2016
6s
Amer
Associated
Bonds
Co.—
3%s
s
BONDS
Friday's
Bid & Asked
Low
American Gas
FINANCIAL CHRONICLE
96%
106
♦No par value,
a
Deferred
delivery sale,
d Ex-Interest,
e
Odd-lot sale,
n
Under-the-rule
6ale.
rCash
sale,
x Ex-dividend.
;'
$Friday's bid and asked prices;
ABonds being traded flat.
§Reported in receivership.
no
sales being transacted during current week.
j
Abbreviations used above—"cod," certificates of
deposit; "cons," consolidated; "cum," cumula¬
tive; "conv," convertible; "M," mortgage; "n-v," non-voting stock; "v t c," voting trust certificates;
"wi," when issued; "ww," with warrants; "xw," without warrants.
THE
178
COMMERCIAL'
Monday, July 12, 1943
& FINANCIAL CHRONICLE
OTHER STOCK EXCHANGES
Chicago Stock Exchange
Baltimore Stock Exchange
July
3
to
July
both
J)
inclusive,
Last
Range
for Week
'
*
Arundel Corporation
Co
Transit
Baltimore
•*
common vtc—*, Y-
10 %
63
c——.—1Y
Assoc com v t
Eastern Sugars
•' V*
\
North
Casualty
Oil Co
Central Ry
Amer
Northern
•
.
k
150
;
6%
YAllis
224
35%
Jan
42% July
10%
100
9%
Jan
10% July
11
100.
July
200
22%
Jan
581
22
Jan
26
26
26
27%
273/4
50c
15
99%
41
Aro
; :.r
•••'.
..
Bonds—
'■
'•
•
•'
50c
65%
37%
37%
1975
1975
;—
Castings
&
Equipment Co
Mfg Co
&
Barlow
Belden
2974
Jan
37% July
Belmont Radio
Mar
62
11,500
55
6
,
300
12%
18% July
4274
165
21
'Y
100
10
1%
%
Mar
Jun
56
64%
Jun
Corpii
conblnon
.Brach
&
...
Class
Sons'.(E
38
July
6%
50
2%
Jan
7
July
5,800
3%
Jan
6% May
200
32
Mar
8%
3774
37%
9%
100
.
16
150
2074
1674 •1674
■
f 50
874';
-Y-:
■
■■
5%
/
Y;
•
Alles
'
'
■
Inc
Fisher
&
American
Jan
4%
Woolen
American
.
250
13% 'Jan '5;
18% July
3874
282
26 VS
38% July
17%//
50
13
Jan
-
;3% 4 3%
-*
;
12%
14
.
4%
:
9%
.:xv;
•
974
i
:
1%
850
&
Boston
1,493
Edison
Boston Elevated Ry.
Boston Herald Traveler Corp
7%
273/8
98%
RR
156%
Jun
4%
8 % May
Jan
24%
Jan
20
'
31%
Apr
Jan
112
Apr
81%
Jan
101
May
24
Jan
31
68
341
62 %
Jan
68 V4 May
1874
400
14
Jan
19%
4%
273/e
3,705
Jun
Employers
50
3%
800
>5%
4%
■
,
—
•
,
.
6%
56
30
8 Y
.
115
.
Preferred
pfd—*
Apr
Apr
8
1%
Jan
8 % May
8
y
Jun
% May
6%
5
1%
Jan
350
11%
Jan
15% July
23
Feb
35
20
6%
72
774
9%
Jan
3%
12
4%
95
Jan 1
19%
Apr
18
150
15 Va
Feb
19%
Feb
79%
80%
1Q0
69 Vt
Jan
capital
40
May
Yellow Cab
Chicago
Chrysler
'
Corp
r? 5%
80%
55
*
55
55
1374
:
.
15%
1674
25
25%
2
'< -.
pt sh ,v t,c class AY—£-50 '
part shrs———50
Container Corp of Amer common_i__20
Drug Stores
•-Y/Y
■
&
Deere
ji
.
.
Co
Car
Motor
T
Cup
Co
%
3474
77
8%
735
2V4
2% May
Jan
Jan
Jan
Jan
98
25
37%
Jun
8% July
115
July
47%
•20
25
Jan
47% July
19 5/8
780
Y6
Jan
19%. July
10%
11%
745
8% May
11% July
Four-Wheel
34Va
Fox
Fairbanks
Morse
33
33%
72
27%
Jan
7 Va
101
2%
Jan
Apr
7% May
38%
*
5%
6'A
:
9
31%
132
38%
39%
32.06 Jun
General
Foods
6% Mar
General
Motors
4%
65
9 % May
Jan
& Dock
14%
Isle Royale Copper
Kennecott
Lamson
1%
common
Assoc
t
v
95
5
28%
709
57/4
,
Service
National
Tunnel
National
New
Cos
&
1
.
5%
29
1%
2%
109
12%
Jan
194
12c
Jan
47
47%
335
14
187
RR
1%
*
Mines—
England Tel & Tel
100
(N H)
101%
2.50
North Butte Mining
Northern
5c
6c
60c
6c
1%
101% 10174
59c
100
100
—.
35%
Jan
6
Feb
3
959
13%
47%
July
Feb
.35 %
60c
100
1,950
25
450
1,000
10
6%
Jan
Jan
*
,
33
1%
10%
Jan
130
83
Jan
96%
Apr
100
17
Feb
23 %
July
July
55%
2%
Jan
Jan
LY .15
9
Jan
58
10
Jan
14%
153/8
123/8
100
42.%
100
7%
39%
lc
Feb
14% Jun
15
30c
100
RR
30c
11
6c
Mar
1% July
2% Mar
86
Jan
108% May
24c
Jan
78
Jan
15c
85c
100
Apr
July
Brick
Mills
Quincy
*
26%
26%
27 3/a
75
50
29%
293/8
2974
492
„—
Pennsylvania
RR
Jan
Mining
Co
1%
25
1%
125
*
Jan
23%
Jan
19
66c
Inc common
Jan
Co
4774
28% May
32% Apr
1% Mar
Joy
Button Hole Machine—
Folding
*
Machine
Rutland RR 7% preferred—.
10
10
1%
10
1% Y 1%
63c
63c
11%
100
12
500
10
8%
Jan
1 % May
1
Jun
230
9%
Jan
5%
Jan
1%
Feb
14
10
Mar
1 % May
Stone
Assn.
»
1
Jun
Webster
&
Suburban
Inc
*
,
Electric Securities
93/4
974
212
3%
common.*
9%
3%
250
Feb
6
Jun
4%
Jan
9
Va May
8%
Field
Marshall
'
.•
'
Union
'
.
■
:
Co
U
cum
S
preferred
'
.«
32
3174
73%
7374
25
—
& Tunnel
'
r
-V- ' '
;
29%
Jan
35% May
3274
60
29%
Apr
37
76%
674
60 %
Apr
71
703/4
71%
436
63%
Jan
46
46
47
142
42%
Jan
47
4274
43
47
25%
Jan
44%
100
McCord
25c
23c
Jan
48c
Apr
700
July
103%
103% 103%
66*
"*'90% Jan
109
Jun
•
10%
11%
70
7%
Jan
50
98%
98%
50
80%
Jan
11% May
99% July
&
Income
For
Maine
mtge
footnotes
see
page
A
183.
1970
Y- Y!
■
8%
8%
.50
400
Jun
Jan
21
Apr
12'A
Jan
1774
Jun
4%
Jan
9 %
Jun
36
20
25
Jan
39% Jun
1274
60
10
Jan
13 Va
Jun
453
,10
Jun
2
1%
!
Jan
16%
50
15%
Jan
20 Va May
200
15%
20%
li
Jan
274 May
1%
434 July
Jan
43/8
2,350
110
73/4
Jan
16 Vi May
17.. Y
250
11%
Jan
17% May
700
4%
Jan
63/4 July
.6%
50
63
Jan
733/4
Jun
72%
244
57
Jan
74%
Jun
3%
.
63/4
73%
72%
.
3%
10
1 % Mar
374
153/4
.12%
,>
5
450
16
16
1274
215
8%
Jan
,3 %
Jan
5
450
5%
Jan
8%
100
1%
8%
7%
1%
19 %
4,700
40
16
15%
16
1,865
407%
40%
40%
Jan
Jan
17
July
Jan
2
July
Jan
50
160
10
July
5%
5%
650
26%
—
19%
Jun
Apr
26%
60
10
July
16
July
10
Jan
3274
Jan
41%
Jan'
27% May
13
....
—1-
8%
t
27
27
5
12 V*
10
Jun
July
PA July
9%
Y %
10/
.
100
Feb
175
•
Jun
May
%
700
2
19%
" .v' :
L
Feb
96
400
10
17
17
//. 1%
10
100
1%
Apr
July
600
8%
v
Jan
8%
8
1%
..*
9%
,
12%.,12%
Y 4'A
4%
_.*
common..!—
Jun
17%
14%
7
*
com
preferred.
common.——
Middle
West
Midland
57%
57%
$2,500
40%
Jan
57% July
.
1%
Jan
Jan
19
Jun
6% May
Jun
28
Midland
7%
7%
Utilities—
prior
;
lien
prior lien
450
87%
8%
8%
3,850
4%
Jan
9%
Apr
127/a
Hart—
stock
——
*
.
v
'
.
12%
13%
600
8%
Jan
13%
Jun
%
*
*
"
2,650
.
9
common
9
9%
400
8%
9%
400
%
' 8%
,
L—
:
%
—10
*
■
2'A
1074
Y.'
•A, Mar
2%
2%
2,300
10%
10%
400
28
28
200
2
%
1
8%
22
Vi May
Feb
10%
Jun
Jan
1%
200
•'
..
t c—
Modine'Manufacturing
•
-
100
100
100
;—
'—
preferred A
&
.
,
4% July
43/4
3%
•
-
!pfd
Feb
4%
capital—
Corp
United conv
$1 prior preferred
series
17
Y,Y 200 i
13 %
2%
72%
cumul part, preferred—iY———_*
Common
RR—
4%%
:
100
13%
1974
6% May
39%
"1
Jan
16%
Mickelberry's Food Prod common—...1
Miller
BONDS—
Boston
Jan
10
71%
.
Corp
A
Class
$2
6%
Waldorf System
Inc
Westinghouse Electric & Mfg
Jan
YY25Y
13%
1
-
Massachussetts Ry Co
4%
345
4%
common...—_T
Common
Vermont &
400
39%'
•
Jun
25c
.
5%
17
1
Merch & Manufacturers Sec—
Feb
76% July
72% May
1
"*•••'.
'
160
35%
ly
10
Metal
:**'••
;
29
Rubber
Utah
•'
*
United Shoe Machinery Corp
6%
*
35%
5
' '*
Drill—,.
Fruit
35
•
*
"
Twist
United
(The)
Co
235
>
;14%
,
common.:...——_*
Radiator & Mfg class A
*
Masonite
Torrlngton
9
1974
Y v__ , ,r
G%
common!—Li—
Mandel Bros
Jun
3%
25
5%
20%
Jun
10% May
3% July
Jun
Jan
1%
i—*
capital—
Oil Refining Co
Jun
55%
44V*
2,450
15%
Y*—-—
Common
Jun
5
43
680
i
12%
51 Va
Jan
55%
__
common—*
Libby McNeill & Libby common
Lion
Shawmut
16% Mar
•55%
4
13%
4%
Kellogg Switchboard common—8V4
Kentucky Utilities 6% preferred...100
Printing $3.50
37%
45
July
6% Jun
;
.
Jan
__
,
100.
Drug Co common
Lincoln
,>3% Jan
31
14. / Jan
400
4774 Y
•.
Jan
Mar
Jan
••
—10
La Salle Extension University
Reece
Reece
..
1234 July
1274 May
Jan
674
15
300
6%
5%
—.1
preferred
Manufacturing Co
Katz
Jun
4134 Mar
2
36
5
capital
Co
B)
7% July
30 Va
Feb
9
/"!, 100
16
1.00 Mar
(W
*
.
-
.34%
i
common———*
Indiana Steel Products common—,—.1
Inland Steel Co capital
•
$7
% July
135
—__*
:
Illinois Central RR common
Power
Jun
1574 July
42
42%
4 Y:„
-12%
capital
Harvester
!
Jan
Y:
3374
350
39%
.Y
Indiana Power & Light
International
14 Va
374* Jan
23
250
common/__25
Hupp Motor Car .common.^-
Jarvis
Pacific
1274
11% Y
31
'6%
1
Inc., common—*..—;—
Houdaille-Hershey class B
Illinois
Yv
300
.
July
Apr
% July
42
1674 May
Jan
3174
.
••
>1
>Y
Y,
10 ,'Y- Jan
300
X157/,
Horders
Interstate
Old Colony
:
2874
—
Co common—.10
Hall
48% May
19
:'Y5L
Jan
2674
— J-
6%
3
Jan
1174
100
265
19%
Heileman Brewing capital—
Apr
400
4%
42%
574
Dr .& Dk com
Harvey
.
178 Mar
150
19
3974
Y
Goldblatt Bros Inc common—
Hubbell
'3
5%
Goodyear Tire & Rubber common....*
Gossard Co (H W) common—*
*
Jun
Apr
:
41%
common
Apr
Mar
Jun
L 5
Gillette Safety Razor common
Printing
20 Vi
19%
23%
11
__
.
10.
—•
common
Hibbard Spencer Bartlett
27%
5
1%
Mar
r
J
Nash-Kelvinator
72
Great Lakes
1%
_*
Mergenthaler Linotype
75c
405
32%
1
c
Jaii
5%
29
100
Massachusetts Utilities
■;
1% July
Feb
37
5'%
100
common
1%
15c
113
31%
o
preferred
1%
310
1%
72
5%
•
(Del)
Maine Central RR
-5%
68
72
15
Copper
Corp
1%
*
-*
Bakeries class B
preferred
convertible
$7
//
95
;'
Hathaway
16% Apr
'23% July
223/a Jun
Jan
1274
common...
Adv
505
30 :"
common——
Outdoor
General
2174
■3% Mar
Jan
Jan
39%
...—I—*
Dredge
Corp
May
'/
,
Jan
Feb
16%
28%
28%
common.i..——
Jan
274
10%
35
?" 7%
/
—'
—Y-
4
107
9%
Jun
100
42%
.12%
...
%11%
26.08
1,134
6%
39%
Jan
3%
123/8
*
10
Co
5% May
14%
5
Auto_,__—
Denver Co
25% July
Jan
15
1 ;'Yi 6%i
*
16
General Amer Transport common..—5
General Finance Corp common
1
4
Fuller Mfg
18
Jan
"4l/2
.
.15
common
& Co
Jan
2%
4174
V
Drive
(Peter)
Gardner
37%
'
3%
21%
450
Y';
Brewing, common——5
Fitz Simons
674
•
i-'.
400
6,750
5
550
19
*
Elgin National Watch Co,
84% July
19%
1.2
^Electric Household Util Corp
Jan
15
.
l-U.—I—1
Airlines Inc
Apr
67%
23%
2%
JDodge, Mfg Corp Jcommon-Y/*
Eastern
Jun
15%
Jan
23%
,
—
55
11%
94
--
94
.
„
Y1
10
common
Mar
42
14
*
common..
82
2074
v;;-.
common—..
5% July
Jun
Jan
23%
v
;_30
^..^.100
2%
2%
Rubber Mfg. common—
(Alf) & Cohn common
Dayton
;J3ecker
3%
3%
15
25
Cudahy-, Packing/ common
1:
7% cumulative preferred—,
Mar
19
-
.
pfd
Crane Co common.—^.
5!--7
,
Jan
65%
337
16%
.1
May
9 Va May
Jan
50,
-
Y .2574
1
49 %
-
Apr
2
May
1 % May
108% July
70
1374
25
common
Jan
3%
17%
100
.
83% <84%
5
L;
.26
51,250
81
Common
Cunningham
574
5%
10
•fe Jan '•/>
Jan Y;
30
1.
Edison
Mar
•jjj Mai-
Jan
6
30
18
common———10
Cities Service Co.
Vtc
Y
18
80 %
; Y
„_5
——I
common
J:
83
v/
92%
300
YY
8
8
■:
'
capital.———_*
; Consolidated Biscuit common
Y Consumers Co—
: ■ /;
v.
Apr
7% May
Jan
19%
115
•
A Jan
50
49
47
49
v
i
——
3,900
10
Y U
_1 Y
*
common..+
1%
108% 108 %
A
10
•
—:
common
100
1%
.
*,'.'
2
'
I
196
'■
i
50c
com
Chicago Towel common
18
,r_
*
Jan
15%
1
—*
+
Util
common
17% Jun
Jan
70
56%
Y 26% July
20%
18%
.
Power & Light pfd—*
Co
Chicago Corp
Jun
28
27.18 May
155
6%
Jun
Jan"/ ' ; 10% July
17%
79%
.
———
Belt
4674
—•
Gillette Safety Razor Co
$6
preferred
'
33%
•
Gilchrist Co
Serv
preferred
Central States
Chain
Diamond
10%
•
General Electric
5%
32%
Jan
15%
30%
4%
Jan
50
.
56
30
8%
115
47%
19%
1
Jan
Jan
2
245
7
Jan
15
Jun
12
150
14
10%". Y'
475'
18
1
Prior lien
Dixie
;
;
National Stores
Pub
10
Curtis Lighting Inc common-..
T%
6%
—*
Association
Service
Group
29%
2%
8%
257
674
157'a
common...
Public
Engineers
6%
15
77/a
100
6 %
preferred
—;——
100
Eastern Mass Street Ry common—100
6% 1st preferred series A—
100
6% preferred class B
100
5% preferred adjustment
100
Lines
6%
•
9
450
43/8
29
15
prior preferred
SS
%
10
Co—
M);common_.
Commonwealth
28
—
Range
6
'May
3% July
26%
aeVi
26%'
>
May
104
129
•
30% Y
Eastern Gas & Fuel Associates—
First
Jan
30%
28
Service
Eastern
127%
71
99%
,———_1
Century Shares Trust
Illinois
Convertible
Jun
29%
V~
5
Calumet & Hecla
4%%
32%
18%
——*
—100
Prop Trust
Providence
&
Copper
Jan
67%
100' „, —
100.
287/8Y:
57o class A 1st preferred-———100 Y;. —A,%';
Stamped
100
6%V
B% class B 1st preferred stamped-100
Y—
Cities
112
112
98 %
30%
67 %
prior preferred
Boston Personal
(A
Chicago Flexible Shaft
stamped
Common
Boston
17%
235
8
28%
Co
Central & South West
Jun
Maine RR—
Boston &
7%
3%
-r
100
25
100
•
Albany RR
Boston
154% 156 Va
19
Jan
18%
preferred————130
Common
High
Jan
3
50
100
pfd
Bigelow-Sanford Carpet G%
Low
High
30%
:
Jan '
.
10
conv
Jun
1874
1
Central Illinois Securities—
10
50
Anaconda Copper
Central
3%
155%
8
100
-—*
& Tel
&
Castle
(
Range Since January 1
Shares
V 3%
—
7%
Jan
17%
Ji:-
Ring common—L—___'__1
cumul
5%
•
Apr
393/4 Mar
18%
r.
y'
Brothers
9%
/"
37%
;
:
J),jcapital———*
Wir^-
7%
200
:V ! :
for Week
•
30%
1
100
Sugar Refining
Tel
Low
par
w.
American
Range
of Prices
k
34 V Jan
680
July
203/4 May
16 3/4 July
Jan
Jan
50
38%
7%
.7%
/Campbell Wyant & Cannon Fdy__„—*
Sales
Week's
v.-Y.Y/Y,.,.' ; -VY'
Last YV
Sale Price
14
Jan
.
13%
'
preferred.:!-—
A
rl4v.'Y
20 3/4
'
.
compiled from official sales lists
Friday:;
'
l3/4 Mar
Jan
'
Boston Stock Exchange
STOCKS—
July
5%
I
—
—5
•
ii-
Piston
Burd
Y/Y^YYc'
Apr
21
574
; 8*%
Aviation
-.Butler
i
Jun
6
Jan'
Y 200
38
-14*
^Berghoff Brewing Corp.*—j..'——___1
-j.Bliss & Laughlin Inc' common————5
.'.,Borg Warner Corp common
:
—5
;
July 1) both inclusive,
July
156%
Jan".
674
5%
*
i_
common--
Common
to
423/4
/
;
3
__
.
Jan
Jan
2,850
38
v
4
25 %
128 *%
Y
1%
3
Jan
Y 699
6
20%
21
*
common
Apr
18%
5 5/8
Mfg! common A___„5
.Brown Fence &
July 3
Jun
6%
Jan
13% Mar
1
capital
2%
11Jan
41%
Manufacturing Co common—10
Bendix
60
•
12
400
100
•574
1
common
Seelig
65% July
49
Jan
500
13
154% 156 '/a
5
common
Wheel
Jan
$6,500
55% July
18
18
•
Investment; Co
Truss
.51%
53 %
Jan
5%
474
t
100
common.
50
52%
-
62% Mar
41%
13
*
Mfg Co
Co
5%
—5
.Aviation Corp (Delaware)
Jqn
."Y
5s series A-—
Chalmers
200
:/ ;
Y
35
YY
Jan
1174
113/4
common-'——*
High-
■
51%
Jun
99%
*■' ^ ^ U;-V
■
Transit Co 4s
Baltimore
65%
37%
!
LOW
25
6174
55%- 55%
common.........'
Bastian-Blessing Co
'
common..—.'
50
Fidelity & Guar—
U S
.
Power
Water &
Penna
•'-T'vV
*■
'*
•
.
Co
Bearing
Associates
May
273/4 July
Jan
93
Gas
Range Since January 1 /
Shares
High
613/a
_:25
—__r
American Tel & Tel Co capital
,
..Armour
Apr
27
Mar
35c
700
50c
99%
&
Aluminum
Ball
Athey
27%
common
Low
—
Allied Laboratories common
9% Feb
'
.
Oil
Advanced
July
42%
11
Co
common
■
Jan
•'i
2
1
—50,f.
——
Adams
Steel
Asbestos
::■ 1
Amsterdam
New
Jan
12 3/a
63
10%
preferred—100
}r''l\vJ'-:'V\*
■
8;.;
41
42 %
v
6% pfd vtc—-25,.
Houston Oil of Texas
i
Y
Jan
Acme
11
Fidelity & Guaranty Fire Corp..
10
Finance Co of Amer A common.——5
Georgia Sou & Fla 2d
57%
10
Jun
Aetna
8
'
Jan
9
440
1074
63
100
preferred v t c__
1st
Cbnsol. Gas Elec Light & Power com."
2.95
1.00 Mar
400
2.05
2.05
Mar
Abbott Laboratories
lists
sales
Sales
for Week
of Prices
Sale Price
Par
19
Jan
16 *
340
18%
18
STOCKS—
High
official
from
Range
•
..
Low
High
Low
Par
Range Since January 1
Shares
of Prices
Sale Price
STOCKS
.'/*.'
.
Week's
Last
:J
Sales
Week's
compiled
Friday
'*
Friday
10%
Jun
Jan
Jan
Jan
Jan
74 May
2% May
11% May
28% May
Volume
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4193
158
179
OTHER STOCK EXCHANGES
Week's
Friday
Last
STOCKS''
-
Low
H Par
v;
Monroe Chemical
fx
1
Montgomery
Ward
48
common—*
Co
Muskegon Motor Spec class A.—
National
v
Cylinder
National
Gas
Pressure
Cooker
13'/a
%
Noblitt-Sparks
common—-2
Industries
Inc
50
37
37%
19
18 7-':
19 -
Northern; Paper Mills •common--——*
18 %
A—.—125
7%
0'
7%
common——»
21%
23%
Airlines
Inc
23%
Jan
8%
Jan
19
19
;
,Jan
...
5'%
Jan
14"%
10%
Apr
Jan
14%
700'
150,
Timken
Roller
"I
Bearing.
*
Corp common
Peabody Coal
6%
B
common
Electric Switch
Pennsylvania
.
9
14%
July 3
to
July 1)
both
Jan,
Circle
Pressed
Quaker
'
■
\
-
Co
Raytheon Mfg Co
Cummins
Roebuck
Co
&
Spiegel Inc.
capital
21
4'A
Jan
12%
6%
Jan
13%
Jun
1%
Feb
3'%
Jun
Jan
92
'3%.
3%
Works
Jan
14
59%
Jan
82%
3%
150
21%
98
15%
"■'■"'"wil"
42
Jan
15%
35%
*' 'I
-
Jan
850
36%
?Vk
■
50
460
w
Apr
105 % July
Feb
3
May
27%
Jan-'
98
10
2'A.
Jan
11% July
83
47%
2'A
4%
16
10
47%
2'A
Jun
Jan
200
6%
May
Jun
10
20% July
10
:
Mar
9%
•
250.
105% 105%
98
•
:'3';
50
6%
25
Stewart Warner Corp common
98
July
7 Va
Jun
50
Jan
Mar
2% Apr
13
Jan
16
28'A
:
Goodrich,
B.
Jan
Goodyear
Tire
Lakes
International
&
Bros
M
$5
cum
Portland
National
36% July
Mar
Firestone
18% Mar
New York
34%
34%
350
29
Jan
35%
52%
53
322
42
Jan
53
Trane Co (The)
25
——25
common
'
13%
13%
Transcont & Western Air Lines—.5
24%
25 %
Union
83%
84
U
S
Carbide
U
i;'.
S
Co
Steel
Transp
»
Co
common—
27%
Stores
Williams
Inc
13
35
16
85
Feb
12%
12%
40
9
Mar
12'/a
II
*
Wrigley
Jr)
(Wm
Yates-Amer Mach
Zenith
common—:
Radio
Co
capital
Corp
Jan
Jan
Ohio
T
Jan
25 Vb
38%
98 y8
•
26%
Jan
80%
Jan
98 y4
Oil
&
•
Jan
9 Va
U
8
Jan
13%
19%
460
571
17%
510
14%
Jan
6 Va
100
3'/a
Jan
_I
.
2
2'A
4
573
12..
12
34
34%
451
a32% a32%
Jan
July
7
Jun
18% Mar
•
7 Va
May
1
Apr
23%
Feb
34%
July
~9%
Jan
20
Mar
2'/a May
V'v/'V. 43
34%
•
I
17%
17 y4
25
17%
210
R
common..
a41'A a41'A
10
105
a42% a42%
_*
;
*
107
al8% al8%
20'/a
»
a58
__
Youngstown Steel Door
15
al7% al8
__
14% Mar
19 'A
Apr
49%
51%
Feb
62
20'A
210
*
common.
a
a58
50
15% al5%
Jan
50
Watling, Lerchen & Co.
3'A
200
1%
Fob
4% Mar
8'A
1,900
5%
100
Members
5%
Jan
8'A
Jan
6%
New York Curb Associate
Detroit Stock Exchange
Chicago Stock Exchange
Jun
3'A
New York Stock Exchange
Apr
Ford
-
68%
299
58'/a
Jan
350
4%
Jan
7»A May
35%
298
19%
Jan
Building
35% July
DETROIT
:vM0% Mar
7%
Telephone: Randolph 5530
Unlisted Stocks-
;
American Radiator & St
San
•
com
Copper Mining
Topeka & Santa Pe
Atchison
Bethlehem
Steel Corp
10%
10%
27%
28
100
60
58'/a
60
•
Anaconda
64
63%
65%
501
8%
8%
335
38%
39%
670
50
com
common
Curtlss-Wright
General
,
1
Electric
Co
*
39 V*
11
815
6%
Jan
113A
632
24%
Jan
'..,,31%
273
r
45%
Jan
60
July
56
Jan
69
Apr
6%
Jan
,30%
Jan
9 Vz May
39% July
Jun
Apr
Detroit Stock
July 3
Interlake Iron Corp common..i
Martin (Glenn L) Co common
Nash-Kelvihator
New
Pullman
Inc
Pure Oil
Co
5
U.
S.
-
13»A
Jan
13%
9Va
Jan
18
V
24
13%
2,975
6%
Jan
15
18%
1,265
10%
Jan
20
May
29%
3,200
15%
Jan
29'/a July
•
-C
38%
39%
215
26%
Jan
17%
17%
18'A
510
9%
Jan
—
*
I
•
11%
11
11%
1,629
5
*
19%
19%
20%
848
14
7'A
7%
415
4%
Jan
common
*
capital—25
40
-
July
19% May
Jan
12'A May
Jan
20 V* July
8
Jun
58
58%
305
46%
Jan
58'/a July
1
11%
12%
120
5%
Jan
13%
common
10
42%
42%
75
25%
Jan
44
Jun
1
18 '/a
18%
20
12%
Jan
18 Va
Jun
Jun
STOCKS-
Sale Price
Par
Atlas
Drop Forge*common__;
Burroughs
Adding
July
both
9
Biscuit
Burry
Crowley,
inclusive,
compiled
from
Week's
Last
official
Detroit
&
Detroit
Edison
Range
Sale Price
Par
Burger
lists
Cleveland
Finance
Motors
Nav
Stove
Shares
Range Since January 1
Brewing
*
—
—
10>A
4%
4%
'
*
<
Cincinnati Gas & Electric pid
Cincinnati N. O. & T. P.——1
100
.
;
20
Cincinnati Street
50
Dow
Telephone
(Dan)
Drug
Formica
i
10
97
87%
87%
87%
7%
165
70;"
69
70
137
8
8
90
7%
3%
12'A
Gibson
Art
1
—,
rv
*
Kroger
»
S.
6
55%
*
3'A
*
.....
—
Playing Cards
Printing—
.10
;
footnotes
♦
...
see
page
183.
50
__
•
•
6V4
4V2 July
30
30
20
81%
■
Jan
98
84
Feb
90
Apr
Jun
9
Jun
Jan
70
Jan
"*-
7%
60
8
Jun
2%
Jan
3'/a Mar
Jan
13% May
Jan
35
Jun
20
20
Jan
30
May
•
7%
20
496
v
6%
Feb
Feb
32'/a May
20
Feb
25
Jun
1
Feb
6
July
Jan
57
Jun
4
Mar
10
54
56
287
100
48%
2%
Jan
5%
5%
35
2%
Jan
40%
40%
105
30%
Jan
6%
'
46
Jun
24%
1
6
6
9'%
535
3
Jan
20
38
Jan
8
41%
Jan
8 Va
4
'/a
Jan
7% May
9%
Jan
3%
3%
450
75c
4%
4%
500
l
Jan
4'A July
3
Jan
5
Apr
21% July
4'A Apr
10
4
nv*
3%
4
3%
3'/a
100
2
1%
1%
400
1% Mar
2
625
3%
Jan
6%
Jun
2
Jan
4 Va
May
Jan
55'/a
Jun
Jan
3 'A
May
Jan
2% May
6
4
6
6'/a
4
3%
1,995
1
2%
2%
3
605
1
\r-
55 %
1%
1%
1%
200
*
common—10
20
55%
20
1
—.u.
1
70c
18%
19
10
18%
*
11 %
73c
62C
74c
70c
3%
2
1
1%
2
*
common
common
;
10
7%
Park
Motor
Chemical
Parke, Davis
Peninsular
common
Mtl
Prd
River
Raisin
Paper
common..
common
Sheller
Manufacturing common
Simplicity Pattern common
Jan
Apr
11% July
Standard
Tube
class
Timken-Detroit
Axle
Tivoli
Brewing
U
Walker &
S
Radiator
Warner
Co
B
common
common
Aircraft
A
common
Young Spring & Wire^
2%
2''a
30
450
51c
Jan
83c
49c
Feb
75c
Apr
Jan
4
May
100
2'/a
—
Apr
300
1
Jan
1% Mar
750
1%
Jan
2%
Jun
435
1%
Feb
2'A
Jun
1
100
Jan
7%
7%
200
1% May
7% Mar
•
5'/a
62c
6%
Jan
100
4%
17'A
114
11%
Jan
10%
10%
450
5%
Jan
4%
255
3%
400
31%
789
1%
1%
6,565
2 Va
192
3%
2%
1%
Apr
Jan
Jan
6'A
•
Apr
11 Vb
Jun
5
Jan
76c
Jan
1% July
Jan
2% Mar
1%
3%
3%
300
1%
4%
100
2%
200
1%
Jan
32
Jan
2%
2'/a
Jan
700
1%
Jun
30
100
28%
Jan
2
2V'8
May
3% July
28
2%
30
Jun
18 V4
3%
May
Jun
4% Jun
2%
Apr
2% May
% Mar
33
1,977
1 Va
Jan
2
Apr
—50
27V2
27%
25
16%
Feb
28
Jun
*
25'A
25'A
135
17
Jan
25'A July
1 Va
1%
400
1 Va
July
1% Mar
14%
15'A
450
7%
Jan
15% July
1%
1
common
preferred
class
1
10
19
„
1,300
4%
3'A
1
1
July
Jan
4%
2%
1%
1
•
20
14%
1 Va
31
.1
July
417
2,939
2 %
4%
3%
...
common
20
May
2%
5%
--
•
^
Prudential Investment
Jun
May
Car
—
common.
1%
83c
Jan
17%
5
10
29
44%
Jan
1
1
common
common
Murray Corp
779
17%
3%
2%
1
Wheel,
3,010
55'%
1
Motor
3% July
1
1
common
Micromatic Hone
:
Jan
Jun
21%
common..._____...10
———
335
.
15%
20%
Michigan Die Casting—
Preferred
Apr
445
Michigan Silica
Michigan Sugar
Jun
6% July
50
5%
400
3
common
Wines
High
■100
7 Va
Jun
'7%
30%
46
8
Drug
*
7%
7
Masco Screw Products common
May
16%
22%
3%
Jun
10
29%
3%
10%
456
6
*
1
Preferred
For
;
B__
Rapid
U.. S.
10
Jan
Jan
10% Mar
Kinsel
LaSalle
Low
7%
7 Va
1
common
Dairy class A
Packard
"
12%
34
7%
30%
3%
11%
34
145
-
■*
National Pumps preferred
Procter & Gamble
1%
6
22%
Lunkenheimer
class
,.
•
-i
Randall
r"
Jan
5
50
r-
Kahn
440
97'V.
*
—
4%
5%
High
*
97
*
-i———
Insulation
20
10
*
——
Eagle-Picher
10%
9%
50
Cincinnati
Cohen
'I
Low
Range Since January 1
7%
20
Hudson Motor car, common
Hurd Lock & Mfg common
High
Shaics
High
14 Va
common
common.
& Bearing
Range
of Prices
Low
*
common
Detroit-Michigan
Hoover Ball
for Week
of Prices
Low
*
Churngold
lists
12 %q
Frankenmuth Brewing common
Gar Wood Industries common
Home
sales
Sales
'
Industries
sales
14%
common
Brewing common
Graham-Paige common
Exchange
Friday
STOCKS—
official
Sales
for Week
•
common
Milner
'
'
from
Week's
5
Machine
Goebel
Cincinnati Stock
to
Exchange
compiled
,_1
Baldwin Rubber common
General
July 8
inclusive,
Last
General
Aluminum
both
Friday
Jun
17%
28
Yellow Truck & Coach class B
.
9
Apr
common
Co
July
May
18%
common
Corp
Rubber
6
65
29'A
Standard Oil of New Jersey
8tudebaker
270
,
•
common
Republic Steel Corp
9%
21%
•
Radio Corp of America common
Standard Brands
'•y'V-V
capital
capital
(The)
8%
21
y.
—i
common
RR
Pictures
to
'
•
Corp
York Central
Paramount
U.
Apr
6 VB
—*
Steel
July
34%
35
Feb
25
17'A
17%
5
common
Jun
5'/a
.
6%
6%
>
35%
Jan
6 VB
6
*
39 y8 Juiy
1
250
170
,
67%
;
Jan
18%
109
July
9 Va'" "
•
30%
25
13%
6
*
Central RR common..,
27% May
18'/a
8'A
12
/ v
Apr
20%
5%
•:V
4% May
58
.
25
265
a25% a25'A
13%
«
Jan
July
v :
38
5%
v.;
5
common
59
121
Jan
2
440
8lA
...2
capital.—'—
112'/a
;
27%
3'A
23%
Apr
Mar
145
;
33 V2
23%
II-
new
41%
107
33
50
90
■
Jun
25 y8
common.
41%
107
33 %
Mar
July
32% July
Jan
47%
160
450
W. 9
9 %
•
July
407/a July
72 y2
Jan
26%
__
*
Bankshares common....;—*
Woodall Industries
816
4'A
86 V2
Jan
16%
98 Vb
100
common.;
Oil-O-Matic
Wisconsin
57%
Jan
59%
^
24%
1
Westinghouse Elec & Mfg common—50
Wieboldt
290
••
27
4%
Mar
25 V4 July
79'/a
•
470
120 »/8 121
_•
...—
'74
71 y8
32%
1
Union Tel common
160
>
56%
57%
100
common
13% July
Jan
1,050
30'/a
32%
8
Juiy
Jan.
15%
20
30
33
-
70%
5
•
preferred
Wayne Pump Co capital
Western
.13%
20
capital
common
cumulative
Utah Radio Products
Walgreen
capital.
common
Lines
Air
1%
Carbon
&
Gypsum
United
.
I
•
a39% a39%
Jan
15%
3
5
Industrial Rayon
27
Apr
75
Unlisted—
Jan
Jun
20
a40% a40%
90
Works
Jan
Jun
20
™
•
14Va
14'/a
15% July
30
50
—
22%
Jan
Jan
15%
59
90
Bros.
800
'■;>7
Apr
10%
1,138
15%
59
*
Iron
71
50
Cement
Electric
Dorn
Jan
90
Thompson Products Inc
Van
Apr
59
8% Mar
50
Sessions
Refining,
Richman
15
15%
National Tile
Reliance
Jan
700
...
Medusa
High
Jan
10%
288
Laughlin
Kelly Island Lime & Tr_
&
Range Since January 1
87
66 %
_<■
Lamson
lists
6%
22%
—
&
1,810
capital—
Corp
Jun
250
19
Republic Steel
Texas
Jun
49% July
Low
9
65'A
"
preferred
Steamship
15
y
Jun
8
100
Jaeger Machine
Jones
sales
Shares
21
..100
A
Interlake
26%
:
5'A
55%
—.100
Preferred
Hanna
official
al4'A al4%
Rubber
common....
14%
_15
Jan
Jan
Sales
High
8%
—_____*
....
25%
capital
2
44'A
for Week
of Prices
Low
——*
Towing
Preferred
13%
385
from
Range
•
26'A
{■■•
Jan
66'%
F
14%
14
41%
5
common
5
13%
24
l
Rubber
25
capital
49%
»
preferred
Manufacturing
common—5
Tool
Machine
Co
7%
150
4,108
—20
capital
21% Mar
15%
——2
Indiana
ol
19% May
Jan
11%
20
Stockyards capital——*
Dredging common
1
Oil
Jan
350
Jan
Week's
«
Iron,
Corp
Jun
14
10%
105%
13 %
19
.15%
capital—5
Jan.
150
82%
4%
5
,
Eaton
Halle
2%
:
Body
Fuel
Cliffs
Faultless
Mar
£ 50
13%
81
11%
100
82
compiled
Sale Price
Controller
Great
70'
&
Cliffs
Jun
110'
21
13%
13'/s
.1
common.
Sundstrand
Swift
21
.
Nat
&
200
&
Cleveland
May
450
11%' 11%
19
■; 19
•
Preferred
Swift
12 %
80
Corp.—————i;^—1*
Bend Lathe
Standard
Jun
88%
Southwest Gas & Elec 5# pfd——100
Southwest Light & Power preferred—*
Louis
Jun
34
87%
capita'———1
Corp class B common..
Signode Steel Strap common—_—
Standard
60%
Jan
87%
common—-10
Serrick
Sinclair Oil
St
Jan
22
2%
50c
common.—
Manufacturing
Schwitzer
South
46'A
Coach
Ice
Clark
17'/a Mar
33
2%
Sangamo Electric Co common.—_—*
Sears
Jan
Jan
10
121/4
12
City
Jun
14%
•
common
86%
23%
2%
7%
49'/a
Par
•'
-
-Reliance
11%
.
Feb
'
100
*
154
Last
Jun
651
60
1
70
'
32%
common
5
332
59%
32'/a
common——111;
Oats
: 1
■
-V
f
30
:—100
*
Steel Car
17
'
29'/b
Co_l_lil-lii.il-*
(The)
Poor & Co class B
Process Corp
17
30
.50
.
312
Friday
8% May
2%. Feb
50
inclusive,
Apr
American
150
,
Jan
4%
7'A
49%
20'/a Mar
Jan
4%
„
300
7%
4'/a
81%' 83
A.._—.—10
class
RR
capital
Peoples Gas Lt & Coke capital
Perfect
4
100
f
6%
;
-5
preferred 1
Penn
—--6 ;
i
10%
16'A July
14% Apr
Cleveland Stock Exchange
7% July
23% July
STOCKS—
Omnibus
High
Jan
55'/a
55
__
July
12
70
18
10%
'/4. Mar
100
14 Vs
50
4'A
55%
'■
•
,
14%
4%
10
Brands
304
July
10
/;
17%
14»/a
*
...
Motors
16'/4
14%
Columbia Gas
Standard
Low
16
Fuel..
&
General
16
Range Since January 1
High
36
249
'
Northwest Bancorp common.—-*
North West Util, 7% pfd----ull_l-100
Jan
Ice
Rolling Mill—
25
Shares
July
37% July
b 200
-v
18 Vb
18'/2
class
Northwest
Jan
City
14% May
8% Jun
;;.7%'Jan
ioo
Northern States. Power
Jan
4%
1,450
9% '-9%
-
Apr
26 Vt.
50;
37%
cap—-5
26 '/a
,9%
200
.
Jun
Mar
25
Low
Unlisted—
American
41'/a July
48 >/a
for Week
of Prices
Par
—
3% May
Jan
Sales
Range
Sale Price
Feb
33%
818
J,
8'/a
8%
;36
228
•
26
36; .-; 36
Nor.thern Illinois Corp. common;—.-*
r
-
100'
-
13% ;13%
common—10
American Cur common—,'— 20
Nurin
i
.
.
48% :
'
25 V4
common
1
National Standard
41'/2
High
'
r'v/%,Jan
100.
Week's
Last
Range Since January 1
Low
V'-.;
3'/a
.41'/a
•
Friday
STOCKS—
Shares
High
"• 3«/a
common———-—*
Preferred
Sales
for Week
Range
of Prices
Sale Price
1
*.
l'/s
Monday, July 12, 1543
chronicle
ithe commercial & financial
OTHER STOCK EXCHANGES
'
:
f
Last
ft'ft:' '
Aircraft Accessories,
Petroleum
Bandini
Berkey
&
Chrysler
Corp
Consolidated
Oil
Consolidated
Steel
Corp—
Mascot
Mfg
Corp Ltd——
Nordon
Pacific
Gas
—
Indemnity Co
1st
Service
Public
Pacafic
Oil
Richfield
Corp
Ryan Aeronautical Co
Safeway
Co
Oil
Union
Aircraft
Solar
Sontag
.
Oil
Taylor Milling
11%
84
84%
220
67%
Jan
85% July
27c
Jan
40c
Jan
60c
,
100
57y2C Mar
60c
380
1.45
97 %c
Feb
~6%
6%
6%
435
4%
Jan
29%
29 Ya
29%
222
23%
Jan
29% May
a34%
35 Va
90
30%
Jan
34%
Jun
Mar
30%
Feb
29
July
Jan
43
July
July
18
July
29
80
Mar
9
a31
31
29
29
100
26%
42 %•
43
328
34 Vat
18
18 ft
200
18
Jun
•
6
26c
500
10%
650
4%
2,550
5%
4%
45
45
27%
7%
36
.
3%
100
11%
3%
4%
Jan
45
Jan
26
—,,t
4%
50
Corp"
36
29%
Manufacturing
Co
new
$1
com
4.4%
preference
preferred
Philadelphia
Jan
ft 4% July
Jan
30 y4
30%
ft 127
28%
pfd A—25
35%
35%
120
32%
—*
26%
37%
13
7%
Philco
RR
preferred
1st
...
Salt Dome Oil Corp
—
Scott Paper common..
:
Sun Oil
•
ft 9
Invest Corp
United
Corp $3 preferred
United Gas Improvement—
Ex-stock
25
Jan
ft-ftftv-'-'ft.:
30%
35% July
Apr
28 %
39% May
Jan
Apr
8
13
July
8%
Jan
Mar
20
Jun
July
.
Jan
3%
6%
Apr
Amer
& Ref
Smelting
Co
American
Vicose
Anaconda
Copper Mining
Corp
a41%
41%
Pitt
Fort
Home
Lone Star
Co
&
(111-)—
_
-
11%
Jan
Jun
41% May
41% May
155% July
Pitts
a27%
28%
240
24%
Jan
31%
Jan
Oil
Barnsdall
Co
Bethlehem
-.
_
Case J
Pacific
Consolidated
Southern
Craft-
Air
Vultee
Continental
Continental
Oil
Curtiss-Wrieht
Class A
Co
Foods
Loew's,
York
Libby
&
American
American
Packard
Steel
of
175
100
&
Jan
29%
Feb
of
--
9%
9% May
Mar
8%
300
375
31%
Jan
38 Va
Jun
42
28
35%
Jan
41
&
33%
80
32%
Jun
36
(N
J),
,
....
Corp
70
6%
Jan
180
Jan
35
30
5%
8%
Jan
8%
1,020
61%
100
54
Apr
24%
4
21
May
a48
48%
123
36%
18%
310
10 %
Jan
55
Texas Corp
Jun
Carbide
&
United
Aircraft
United
Air
United
48
V
20%
Corp
Co_.
Corp_
4%
4%
225
2%
Jan
5
May
29%
71
15%
Jan
27%
Jun
Dr
a297/8
*a29%
29%
135
24
Jan
31%
Apr
Ely & Walker Dry Goods
11%
439
5
Jan
20%
810
7
11%
19%
20
a24 %
50
6 7
24%
12 % May
Westinghouse El & Mfg Co
Willys-Overland Motors Inc
(F
W)._
— —
1
Pepper
common
common
Jan
20% July
International
19
Feb
25%
Johnson-S
S
Shoe
Shoe
Jan
May
80
5%
Jan
2%
100
2%
Jan
8%
525
7%
1%
100
55c
23%
200
15%
/'■■ft 9%
Apr
1
8%
/
Jan
Jun
3%
•
Mar
9% May
Mari
1% July
.24% May
1922
Phone
Postal Long Distance
Bell Teletype
SL593
42
5%
.—*
Jun
Apr
Laclede-Christy Clay Prod common—5
7%
195
4%
Jan
Jun
Laclede
36%
88
28%
Feb
—
Machine common
47%
Jan
57% May
5%
Jan
13
Midwest Piping &
24%
Feb
25%
Apr
May
52%
72
42%
Jan
49%
Jun
14
14%
390
9%
Jan
14%
30
84 %
Apr
84%
Apr
37%
38%
25
27 Va
Jan
a31%
32%
39% May
27% Jun
—
common
a
1%
100
18%
hi
275
Jan
———
Jan
2% May
Scuilen Steel
Baer
43%
100
33
Mar
43% July
Stix,
57%
215
48
Jan
58%
Apr
Wagner
15%
635
Jan
15 %
&
5%
4%
7%
100
753
5
15%
Jan
-25
*
45
45
25
38
Jan
17%
*
common
—
common—^'—
Fuller common
25
14%
Jan
18
12
45
20
Feb
Jun
July
Mar
180
12%
Jan
16
July
4,220
14 y8
Jan
30
July
9% July
6%
Jan
14
14
50
8%
Jan
14
49%
49%
25
43%
Feb
49% July
13%
70
7%
Jan
13% July
9
14
100
*
/
6% Mar
'ft 7% 'Apr
Jan
16
July
9% May
Jan
Jan
9
30
Apr
...
10
17%
Jun
Feb
16%
15%
36
May
12
26%
Preferred
43%
9
25
16
common——*
Scruggs-V.-B., Inc., common
5
a56%
25
12
Dry Goods
Rice-Stix
11% July
9%
Supply common—*
Cement common—25
Portland
National Candy
7%
Apr
84%
Missouri
Jan
20
common
54
88
26 % July
28%
May
160
19
898
14
26%
Jan
Jan
36
29%
12%
Jan
12%
36
9%
V: 7% Jan
23
31
*
*
76
58%
20
Jan
42
7%
Jan
26
17%
5%
83
Jan
Landis
20
135
42
17%
High
Low
6%
255
Jan
McQuay-Norris
6%
Range Since January 1
High
11%
16%
35% July
Shares
26%
10%
Steel
for Week
Range
of Prices
1
.
common
common—
Key Co common
Sales
Week's
11%
59%
8
Exchange
compiled from official sales lists
26
50
13%'
12%
9%
10
10 %
10%
10%
15
31
31
32
19
Jun
100
6%
Feb
10% July
1,057
24 %
Jan
32
July
90% Feb
98
Jun
May
15
a98%
a98 %
40%
40%
8%
•
6%
common—25
Falstaff Brewing common
14%
Jun
—
85
1%
•
15
5
50
_
Brown Shoe
—1
——*
*
common
255
a52%
—
_
Investors
American
13%
14%
a 56%
175
3V2
8
Low
Par
81%
12%
»
-/•ft 6% Apr
CEntral 7600
Sale Price
25%
a57%
*
Jun
Jan
9%
23
Jan
Jan
4%
8%
1%
"
both inclusive,
a35%
_
.
9
7%
5
's
23%
STOCKS—
Apr
a84
Transport
(Delaware)
'ftftftft 'Cw
96%
84%
2%
1
Jun
1% July
100 ft
8
8%
9%
.
1%
9%
8
13%
■
151
6%
—
a25%
a81%
■
94%
6%
Last
28%
•
94%
Friday
a29V4
—5
Feb
it
Apr
Jun
—10
•Jan
1%
6%
July
19
Corp_
__
July
to
Jan
■
Oil
Carbon
United States Steel Corp
Warner Bros Pictures Inc,
Woolworth
3
12
all%
a26%
Lines
U S Rubber Co
July
19
(The)
Water' Assoc
Union
1
115
St. Louis Stock
Apr
'
Tide
8% July
325',
1%
Mar
.21% May
Feb
18
1
-
260
1%
16% May
32 Va
19
;
8%
1%
Mar
Mar
14%
*
Co
July ft
Jun
4
1
Swift
100
1%
St. Louis Stock Exchange
al9
25
Jan
8%
•
Chicago Stock Exch.
Chicago Board of Trade
Associate Member Chicago Mercantile Exchange
New York Curb Exchange Associate
16% May
__25
16
92
,
;
Members ft'
• 'yftftft
New York Stock Exchange
;ft;ftftft
Apr
—
39%
—15
Indiana-
July
96%
Established
35% May
i'r-7';v, Jan
98%
8%
42
12
100
112
7%
82
2%
36
Jan
Jan
Mar
82
Jan
Electric
common
'.ft-
Bonds—
8%
Jun
St Louis
40%
Jun
Scullin
Public Serv
Steel
3s
:
ft-
2% July
16
"
100
16
15
,
705 Olive St.. ST. LOUIS
14
*
Jun
300
-1
7% May
Jan
•
Co
5%
96%
♦
Apr
4%
Jan
,
Inc
Co
Co
20 %
July
Feb
9%
•
_
Jan
Edward D. Jones & Co.
Apr
10%
*
__
2
95%
""*5
% May
350
—
Del,
Brands
Studebaker
8%
18
1
135
♦
Jun
209
St. Louis Listed and Unlisted Securities
1
_
11%
8%
ft
V
50
Inc
Standard
Oil
25
34%
22%
1
Inc
Railway Co
Oil
100
f
1
10% July
Jan
13% July
.....
16%
,{if.
Feb
6
7,205
common.:——
12
*
Southern
Standard
125
6%
a24%
-V' •*;
*
^
Socony-Vacuum Oil Co
Standard
18%
'8%
18%
1
_
Corp
Co
Roebuck
Sears,
Jan
Co
Pictures
Oil
{&
%
a60%
■";
8%
209
17% May
5
16
Aviation, Inc.
Corp. of America
Republic
24%
880
8%
*
ft
Pennsylvania Railroad Co.
Radio
45
Jan
a31 %
1
Jun
139
,
ft'ftft1' ftftftft;'
11% May
Jan
22%
14%
'4''
•
RR
Pictures,
Seaboard
Jan
42%
.I
a31%
18
Company
Paramount
6%
10
100
a41 %
.
'
7 •••
common,.
Ward & Co
Central
North
Oil
125
51%
a32%
a42
•'
*
5%
Jan
Steel Springs
States Glass
Apr
8%
♦
Corp
Inc
Robbins
North
Ohio
10%
22%
Canada—*
of
Co
Tel
&
Jun
Jan
Jan
5
Westinghouse Air Brake
33% May
25%
a34%
*
Montgomery
New
Feb
a38 %
Inc
&
29%
5
Copper Corp
McKesson
61%
45
__
Corp.—
Tel
Libby McNeil
65%
38%
8%
Nickel
International
31%
1%
Jan
Manufacturing
United
Jan
10
4%
18%
July
60
6%
1
__
High
Low
1
196
31
Jun
38 Va
Feb
al8%
\
Co
International
Kennecott
18 %
Jun
10%
-5
iift.
(Del).
...
Electric
General
Jan
38%
I
Electric Bond & Share Co
General
13
%
}:
ft-ft'.V'ft ft,
Range Since January I
Shares
Apr
a25%
"'—v.
Sales ft
for Week
of Prices
19% May
160
Corp
-
Feb
a51%
'
1
_
.
Jan
12%
265
*
Motors Corp
6%
3%
$
637/„
.—25
Corp..
23% Mar
100
10%
.,100
&
Feb
% July;
a38%
%
25
Co
Ry
I Co——
21%
1,687
55
59
18%
a64%
5
5%
18
Jan
38%
18
38%
Corp
Commonwealth Edison common
Commonwealth
al7%
.—5
Borg-Warner Corp
Canadian
5%
rf'V-
5
Corp
Steel
'
13
—
Aviation
Bendix
—3
vtc—
5% Jun
Jan
3%
48
10
26
a26
25
from official sales lists
Week's
1%
Shamrock Oil & Gas common
150
Jun
Jun
May
8%
Pittsburgh Steel Foundry common.
a27%
476
2%
16
26
ft;
94%
Ruud
5%
Jan
140
•
Jan
59%
21%
364
-
34%
5%
Feb
50
2%
Com
Jan
(Del)
(The)
Corp
Locomotive Works
Baldwin
Bolt
Feb
'
Aviation
&
Screw
32%
59%
Jun
12%
13%
10
131 Ya
59%
1%
100
'
75
5
2,917
16
689
-100
2%
16%
2%;
46%
—
33% July
2%
common
155% 155%
Topeka & Santa Fe Ry.
Atlantic Refining Co. (The)
Jan
16%
Gas—
Standard
Armour
17%
13%
Brewing
(Joseph)
a46 %
Atchison,
466
4%
Brewing
—50
Co
2% July
33%
4%
,ftft-~ft; 'ft'
jj. '
*—
Jan
10%
•
-14
-100
Tel Co
&
American Tel
Feb
13
10%
10%
Pittsburgh Plate Glass
6%
•
%
10%
Columbia Gas & Electric..
Pittsburgh Oil & Gas
ft
15
1% May
100
3,383
10%
Pittsburgh Brewing common—
•
ft
1%
May
6%
16
"100
Koppers Co preferred.^..—-r---
*
Apr
Feb
63% Mar
ft ft
2%
4%
.
25
125
55%
Jan
-10
—*—,<_——
8V8
10%
8
43%
Jan
48%
May
30% Mar
.
5
Preferred
a8%
10%
38%
149
30%
31
#
common
Blaw-Knox ;Co
Kamp's H D Bakers, Inc
*
Weber Showcase & Fixture 1st pfd—*
a
152
LOWft High
•
Duquesne
*
33%
•
2% Jan
155
8
42%
Range
Last
Par
Devonian Oil———
Stocks—
Jan
compiled
Friday
—
_
_
21% July
& Std Sanl Corp
Jan
22%
2
Sale Price
Allegheny Ludlum Steel
24% July
Unlisted
26%
97
32%
.
both inclusive,
9
STOCKS—
10
Amer Rad
20
28%
Jun
30 V4 May
Jan
16
200
33%
1%
34
ft',
Jan
5%
22% May
1%-
2%
.ftft^ftft^
ft'ft-
ft
July
to
3
Jan
5%
26%
Jan
Pittsburgh Slock Exchange
July
Mar
5%
Jan
14%
22%
6%
10
13%
22'%
15%
Co—
Feb
Jun
Jun
Mar
10
54%
54%
2%
—...
.
19 %
Stocks—
16
140
—20
Westmoreland Coal'
571
Mining
118
Jan
16
1,443
Alaska Juneau Gold Mi.ning
Jan
14
19%
15%
1,465
20
114%
24 Va
42%
v
—
31% May
Feb
Mar
30
55
ft 107
20
7%
8
—1—*
distribution
24%
20
25%
14%
Westmoreland Inc.——10
21%
de
Apr
28%
42%
25
common
24%
Van
23%
33%
Preferred;: —————__25
21%
California
of
Oil
Union
2,942
■
Transit
25
Transcontinental & Western Air
Jun
4% Mar
19%
28%
---*
_
Apr.
170%
23%
*
———
32%
Jan
19% July
19%
19%
;„..l
•_
.
__
Jan
14%
—50
.
Jan
149
Apr
25%
50
2nd preferred
8% May
7% Jun
16%
25%
3
,_5
Transamenca
29
117% 118
50
common
ft
Jan
Jan
3,416
*
Corporation
Reading
Jun
9% May
'3%
1,441
19
.—1—100
Jun
Jan
21 Va
160
9
Corp—.
—*
Corp..—;—..-..—.——2
38%
13
:
30
19%
*
w-i_
Jun
55%
Jan
23%
2,314
4%
4%
29%
25%
*
Wire-—
Arkansas National Gas Co
•
i„—
w
—
Jun
Jan
3,266
1,270
ft 440
•
41%
3%
:
900
■
,
168% 169
50
common
Insulated
11% July
7%
28%
7
36% May
2%
80
7
7
.6%
*
4%
1,275
87s
7% May
;
•
Jan ft
44
739
55%
8
*
Light
Jun
Jan
2V4
363
54%
10
;
Jun
17%
24%
31
Jan
Jan
July
42
4
5,405
33%
ft
5% Mar
Jan
Jan
7%
1,080
415
Jun
22
ft
11%
30%
Jun
1%
16%
Jan
217
41'/8
Apr
May
35 %
10
36
34c
11 y4
32
85
a27%
Feb
Jan
25c
280
42
6%
Jan
2.10
800
26C
10%-
■
249
34%
40 Va
5
July
8c
Jan
6%
34%
*
Motors
&
;
5%
*
Storage Battery
Power
•
*
——
Coal & Navigation
Salt
New
1.80 May
Jan
5c
1,000
7c
common
common—
preferred
Phil Electric
24% Mar
6%
Co
Co
'
Feb
17%
135
Pub
Mi'g
Pennsylvania RR
Jun
267
250
7%
California
of
Co
Jan
36c
7c
a35 Yo
5
May
20%
11%
23%
Southern Pacific Co.———-;
Standard
Jan
25
——25
6%
Co
80
—*
preferred B
preferred class C—
Gas
1%
May
10%
Penna
10% July
2% May
Ltd—25
5.%%
Southern Calif
85c
Jan
100
Southern California Edison Co.
6%
Jan
4%
;—*
1
Stores-.-.
Drug
57 %c
350
1.45
—15
—
Co.——
600
10
Jan
Jun
60c
A———_*
Sinclair Oil Corp.
41%
Jan
ftft 3 ft' Jan
6%
(Pennroad
Jun
75c
.41%
—
Signal Oil & Gas Co class
%4
397/a
36c
Int
Ben
Corp
122
Jan
a26%
207/a
*
Stores,
Security
'Shell
.
Inc
Units of
39
11%
36c
—1
•
1
common—
136
July
22% July
Feb
12%
10
22%
34
17% Mar
230
National
Mar
14
10%
1
Republic Petroleum Co common
Ranch Oil Co———
Rice
39%
aiy8-
al%
*
pfd—.
Jan
•:
75C
10
:
5
9 ft Jan
225
22%
10
Jun
19% May
Jan
11%
•;
105
G)
Lehigh Valley RR————50
55% July
7% July
10
±r-+*
preferred'———
5ric
Pacific
Jan
150
8%
Lehigh
Feb
63
Jan
34
9%
General
11% July
2y4 May
1
44%
100
7%
14
39
1st
5% %
55%
484
Jan
Feb
7%
•
28
v
156%
Jan.
127%
•,18
7%
Electric
7% July
Jan
63
200
a39%
preferred——.——25
1st preferred-..
——25 ft
6%
50
115
2y4
410
18
34
34
9
Prior
22%
154% 156%
1555
13
c
*
(E
Curtis
:
25
common
Jan
66%
13%
—*
Electric
&
Feb
3%
11 Va
1.45
Products
Clay
Pacific
Jun
19%
t
v
preferred-—.50
High
15% May
Chrysler Corp
10% Mar
710
100
Corp
Low v ■;
11% Mar
171
*
Budd
Mar
74
Jan
214
—1
1
Co———■
48 Va
Jan
Tel
&
Range Since January 1
14%
Budd. Wheel Co
Jun
6%
u%
all%
Co———
Oil
Menasco
28 Va
Tel
Security
Barber Asphalt Corp
Jun
68%
a665/8
7.%
July
2.05
3,301
7%
55%
Jan
19
Bankers
Shares
High
14%
•
Baldwin Locomotive Works
13% July
24% May
115
..
20%
6%
1
10c
-1
—1
Corp
2% Mar
100
20 %
•
Jun
700
83%
6%
1
Co—
Aircraft
50
:
10
..———*
Co_—ft
Lincoln Petroleum
29
——*
Co
Lane-Wells
Lockheed
Jan
2014
Corp—————1
Hupp Motor Car
16%
10
*
A
common
Car
50
48ft"" 48
Co—————*
Tire & Rubber Co_
*
Motor
23%
a83%
*
1
Development Co——
Holly
Jan
10
Gladding McBean &
Hudson
7%
a29
—4
Foster & Kleiser Co————2.50
General Motors Corp common——10
General Paint Corp common——_—_*v
Goodyear
495
a23%
—-
preferred
Corp
Douglas Aircraft Co
Electrical Products Corp.—
Hancock Oil Co
1,640
American
Jun
1
■
Jan
75c
1.95
13%
——100
America-
of
Creameries
100
1.8o
———.-—5
J
i7a
5
Jan
Feb
42
Jan
30%
12%
1
Department Store Inc
-*
Byron Jackson Co
—,—-—Vi
California Packing Corp common—-*
Broadway
Central Investment Corp
3%
35
1.00
U
1
—
Oil common
600
for Week
of Prices
Low
lists
Sales
ft.;
Range
Sale Price
official sales
from
Week's
ft/ft /ft/ftftft/ftft Par
'ft:
Stores
American
4% May
Feb
1 80
600
42
42
ft;.ft!/.//ftft '
High
*
STOCKS—
Range Since January 1
Shares
4%
4 %
1
preferred—50
Co
Furn
Gay
Ohica
Bolsa
3%
3%
compiled
inclusive,
both
9
Last
Low
3%
-50c
Inc
Company
Corp 5%%
Barker Bros
of Prices
High
Sale Price
.) C
Par
to' July
3
Friday
Sales
for Week
Week's
Range
Friday
STOCKS—
July
compiled from official sales lists
both inclusive,
July 9
to
Philadelphia Slock Exchange |
Angeles Stock Exchange
Los
3
July
1st mtge 5s—1959
1941
97%
$9,000
-
Volume
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4193
158
Montreal Stock
Canadian
July
3
July
to
both
9
inclusive,
Low
Agnew-Surpass. Shoe preferred——100
Algoma
Steel
Aluminium
Ltd
common————*
Aluminum Co of Canada
Asbestos
Corp
Associated
——,
Breweries
Associated
Tel
&
Bathurst Power
Bell
Telephone
Brazilian
British
T
*
,
Columbia
Power Class
Cement
Northern
C»naaa
Steamsnip
Power
20
Mar
13
■;■• 17
28
17
•
:
23%
Jan
13
' '"fh
600
'
v
25%
—*
10
10%
12V4
13%
1,295
35%
*3%
,
3%
:
5%
200
3%
31%
545.
10%
•r
*
•
common
participating
32 %
•
Canadian Celanese
Preferred
7%
Cottons
"
27%
190
32
20
V
106
375
30
825
Jan
Jan /
34
Jan
Jan
—
30%
•'
_100
—■
'X ,i-
Jan
37
Jun
Commercial
Feb
139
Jan
30%
395
24
103% Mar '
107% Mar
40
120 Ve
125
17% Jan
33
125
125
-
5%
;
5%
Cork &
—
Feb
5
22%
100
22%
3% Jan
12
11%
12
12(4
100
12
6,413
13
98
44
241
235
27% Mar
22
Jan
13%
37% Jan
28
:
29
—/■/■■■'■
V;:
29:.;:-j
30
Jun
7 45%
Apr
28 Vo
Mar
.
' 29
July
Distiller* "Seagrams
). Preferred
commoiju.....--.,— •
,
35
107
Dominion unuge.
———22——.
Dominion Coal preferred—_———-25
; Dominion Glass common-Preferred
Dominion
Stores
Ltd
Dominion
Textile
Preferred
David
Frere,
Limitee
Co
Electrolux
Gatineau
5%.
of
CO
Power
caiiaua
8
^%'•-■•:
100
pfd
Gypsum. Lime & Alabastine
Hamilton
-V'
Bridge
Smith
Preferred
Tobacco
Industrial
Jan
Mitcnell.
Rooert
7%
Island
85
30%
8
11
Anr
15%
Jun
Aldermac
105
Jun
Bidgood
32
Mar
Central
98% Jan
367
11%
585
19%
27
781
7%
40
i
*
—100
:--'
19%
125
125
*
13
36%
36%
21%
23
14
14
100
Jan
17% July
-20% Mar
7
13
1
12%
Jan
Jan
Jan
7% May
20
:•:>/
Jun
14
108% 109
Feb
Jun
98
Jan
Jan
Perron
19
Jan
26%
Jun
Jan
15
Jun
Sigma
Mines
Siscoe
Gold
*
10%
10%
60
8
Jan
11
Jun
May
7%
7%
25
7
Jan
7% July
9%
9
9%
635
5%
Jan
9%
8%
9%
2fi
6,369
6%
Jan
Light Heat & Power Cons
Loan
Montreal
•
Telegraph
&
Mortgage
--.
40
Breweries
*
Ontario
Ottawa
Car
Aircraft
Corp
Price.Bros & Co
5%
Ltd
Saguenay
St
•
2
.*
common;
common
161
5%
1
10'
;•*
50
100
of
H
&
Co
United
Canada
Vlau
Biscuit
Weston
Wilsils
-
.——I
Ltd
-i__:
Montreal
17% July
62
295
14
Jan
16
Jun
10
480
6
Jan
10
July
9%
25
35
2%
13%
3%
,
Jan
8% Mar
-
105
4,100
1.75
Jan
82
Jun
10% May
'108
Jan
Jan
-
-
3%
Jun
605
11%
Feb
14%
Jun
100
14%
32
24
Feb
32
16
10
10
10
10%
10%
510
67
67
67
175
75
75
75
5
5%
y2
5%
6
53
5%
6
53
1,035
32%
July
Feb
44%
Jun
838
16% Mar
.19%
Jun
29
•
13% Mar
16
Jun
10
Jun
10% Mar
11%
Jun
59%
72
Apr
10
:
9<-
66%
660
May
Jan
Jan
76
Apr
4%
6
Apr
3
25
Jan
Feb
6
July
53
220
47
May
15%
600
1
M°r
15% Ju>y
18
18
40
Jan
19% Mar
.
17%
7
I
__
__100
6%
7
3,192
58
55%
58
^90
21
Jan
15
15
100
13
Jan
*
Oil
Crest
,2%
Jan
(Bank
of)——
___*
footnotes
see
page
;
J,
183.
130
135
100
„
'
Royal Bank of Canada.
—100
.
130
13
128
Mar
135
40
129
Jan
159% 160
100
—100
135
58
Jun
'
7%
58
15%
Jun
Jun
Jun
80
147
Jan
130
Apr
138 %
Jun
160
Mar
252
140
30c
200
Apr
LOO
15%
•
7-
15%
19%
75
19 %
1,170
101
'101
'9
18
18
330
25
—
25
'';/"■■■
"
SVi
—
95
•
10
5%
Jan
3%
Jan
13% July
15c
Jan
75c
18% May
18% May
5%
887/b
20
Jun
Jun
9%
Jun
11
Jan
16%
14%
Jan
20
Jun
98
Jan
101
July
16%
Jan
20
25
Feb
25
Feb
Jan
7
May
87
Jan
97
July
85
100
97
Jun
1.50
3%
Apr
Jun
50
Feb
97
Feb
10
Apr
17
Jun
51
102
Jan
8
<8
8
105 % May
65
6
Jan
8% Mar
v
—
17c
1
Ltd.
—
17c
1
24%
f 12c
4,000
24%
25
1.30
1.30
1,100
Jun
20c
Jan
2c
'19%
July
Jan
be
Feb
1.13
Feb
34c
Apr
25
Mar
Feb
1.38
Jun
98c
98c
800
80c
Jan
1.18
Jan
25c
25c
1,000
21c
Jan
30c
4.85
4.85
200
3.95
Jan
1.75
1.75
200
1.67
Jan
1.85
-2,800
__
98c
—
•
—
-1
> '/
—
*
1.85
96c
1
:
■
1.66
3,500
78c
1,800
63 %c
May
7c
1.00
7%6
15,000
Apr
2.06
Jan
80c
■
Apr
1.82
'
96c
80c
—
Feb
5.20
■••/
Apr
95c
•
1
1.03
r
6%c Jun
1
1.00
42c
1
100
75c
Jun
1.04
92c
900
66 %c
Jan
1.02
2,050
5.10
7.00
—
7.00
41c
Jan
4,050
'38c
73c
1,803
68c
Jan
75c
75c
200
50c
Jftn
Apr
7.00 July
Jan
73c
73c
42c
Jun
ll%c Jan
77c
92c
—
Feb
Feb
90c
-
77c
1.00
Ltd
;V 10c
2,000
4%c
*
Ltd
5,000
34c
4c
1
Ltd
17c
31%c
-
1.00
Ltd
Rovalite
*
Company Ltd
Oil
Oil
Ltd
Co
—*
Ltd
—
Jan
17 %c
—
*
-
39%c39%c
—
.
*
Ltd
3.65
Company Limited—
25
1,425
20c
3.40
4bc
80c
Apr
Apr
30c
75c
Jan
45c
July
Jun
34,000
10 %c
Feb
20c
July
3,560
3.65
25
Toronto Stock
Canadian
July 3
to
July
9
both
STOCKS—
inclusive,
2.66
Jan
3.65
Jun
21%
Jan
26
■>
25%
500
Apr
Exchange
Funds
compiled
253
35
223
Jan
254% May
140
140
21
132
Jan
141
Apr
Sale Price
Par
Abitibi
Power &
6%
Paper
preferred
Acme
Gas
Ajax
Aldermac
Algoma
:
Gas
Steel
from
Aluminum
Corp
1
Co.
of
Canada
5%
•
101%
•
Aquarius Porcupine Gold
Arjon
Gold Mines—1
Armistice
Mines.
Bagamac
Base
1
—
Mining
Exploration
Paper Co class A
&
Radium—
Mines Ltd
Beatty
Bros
class
—
A
Telephone of Canada
Bidgond Kirkland Gold.
Corp
common
Mines Ltd
.Bonetal Gold Mines
Mines,
Brazilian
Jan
20% July
Jan
14c
Feb
1.40
Jun
2,700
8,100
16c
17c
14,400
86
56
81
May
213
106
Jan
308
100%
Jun
102%
Feb
47c
Jan
84 %c
Jun
65c
75c
7,000
3.75
3.75
1,625
13 %c
9c
3.00
Jan
Jan
Jan
20c
•
86
Feo
July
133% Mar
4.40 May
55c
Jun
50c
53c
4,100
26c
31,600
22c
Jun
31c
Jun
43c
1,000
4nc
Adt
53c
8c
Apr
10c
80,775
2%c
Jan
I2V2C
Jun
2.70
28,433
1.35
2.70
July
15%c 17%c
21,700
8%c
Jan
18 %c
Jun
4c
May
10c
2.57
2.51
.
16c
7%c
7%c
8c
7,000
100
160
160
160
33
9%c
9%c
1,700
*
13
1
40c
1
1.08
100
;.l
2
150
8%c
Feb
Jan
8c
Jun-
Feb
161
Jun
Apr
11 %c
Feb
13
80
Mar
15
35c40%c
40,400
10c
Jan
49 %c
Jun
14,583
70c
Apr
1.35
Jun
1.00
1.08
12
Feb
18
18%
Feb
19
Apr
150%
152
248
140%
Jan
155
Jun
36%c
30%c 36%c
157,833
9%c
Jan
36 %c July
7
July
9%c
,15c
•
20
15
7
„
7
,39
1
39
50
9%c 10%c
50,200
8c
Jan
12c
Mar
11,500
9%c
Jan
joi/„c
p,OJ-
16c
5
4%
Feb
29% Jan
40
Jun
•
Light
Distillers of
20c
150 %
*
_1
Ltd
Traction
&
July
5
6c
10c
1.35
24%c
50
Bobjo
Bralorne
3
53c
*
Bell
Brewers
/
High
Jan
24%c
■/■
*
Gold
Ribbon
18,015
70c
:;';9%c
1
Mines
Montreal
Beattie
Blue
20%
Range Since January 1
Low
1
Bathurst Power &
Bear
16,475
101101%
72c
3t75
i
Consolidated
Metals
3.00
42c
1
Mines
Bankfield
of
'}
Gold
Astoria Quebec Mines
Aunor Gold Mines Ltd
Bank
*
Shares
High
86
118 Ms
pid._100
Canadian
Huronian Ltd-—
lists
118 120%
17c
,
*
Anglo
sales
1.23
—•
•
Anglo
of Prices
Low
13%
20
1.30
100
common
official
Sales
for Week
1.40
3.00
1
preferred
Ltd
♦
*
Co
Copper
Aluminium
V
100
Oil
&
Oil &
common
Preferred
——100
1
30c
35c
25
Ltd——
Mines
(-O
Oil
„
—
__r__L—*
Nova Scotia
For
Jan
Jun
460
18%
common..*
'
Canadienne
Commerce
9%
81
17
—
Mines
Mines
8% May
15%
42
-*
Jan
15%
common.———.
Banks—
10%
15%
1*
...
Jan
9%
150
500
July
100
Apr
2,275
19
19% July
4%
Range
July
•V
Jan
Jan
65c
Week's
55
17%
12%
12'A
13%
15%
Jun
20
65c
8
Jun
2,831
13%
Last
87
81
23%
Friday
Anr
81
Jan
Jan
Feb
18
:
—1
Electric
Preferred
■■
19%
19
May
87
39%
_*
6
24%
43%
15%
/
355
Jun
6j/b
27% July
887/b
Ltd
(Quebec)
7'-17% Jun
20
6
Jan
19%
Feb
10
265
3%
104
Ltd
Apr
120
10%
50
17%
19%
May
4%
285
18
__
-
Jun
35
5%
4%
.
Jan
2% Jan
21% Mar
27 %
23
65c
May
55
18
_*
common
Ltd
Winnipeg
Zellers
:
Feb
161
87
32
*
*
common.
(Geo)
.
—
Corp..
Cotton
Jan
6%
14
17
—
Jun
'
♦
...
common
—
Steel
Wabasso
:
Power—
of
Preferred
4
24
42%
•
com
common
Canada
Southern
Steel
sons
Jan
106'% 106%
'
Simon
10
2*
1
Canada
5%
5
17
V'7
25
Phawlnlgon Water fz Power
25%
Jan
Apr
8
15
3%
48 %
Jan
26
16
24
9%
14%
61%
Jan
22%
160
400
Jun
7"% July
6%
Jun
v 8
'•■■;;> 9%
.1—___•
Jan
40
10
90
4%
Jan
40 May
38
--
28%
3
3% Mar
12% July
55
'——A'A''.
10-v
1,277
33 %
33%
87
:
100
—
1
v
24
8
15
61%
161 4
16
*
_
preferred—.2
Williams
Jan
915
17%
Lawrence Paper preferred—
Sherwin
36%
100
,
325
161
81 i?;
St. Lawrence Flour Mills
; St.
40
45%
• y
Corp common
preferred—.
!
A
Jan
24%
•
'
Lawrence
Class
Apr
24%
*
common
Mills
Power
Feb
11
26
45%
*
——
Rolland Paper
'
22
40
1,455
59%
—-L—_——1.00
preferred
Regent. Knitting
35
12%
33%
45%
—4—100
Canada
Quebec Power
Home
12%
*
common.
common
of
East
July
33
—
*
common*
—
Ltd
July
30
24%
100
;
Products
Preferred
Penmans
Power
17
Feb
59%
Ottawa Electric Rwys
*
Ottawa. L H & Power common...—100
4
Feb
*
*
!
—
Steel
Jan
13
24
40
—
377
2,400
103
—
Corp
Mines
Cons
Dalhousie
24%
8
50
30
7%
Apr
May
2%
103
Ltd
Anglo-Canadian Oil Co
17
•
Corp
common
9% July
27% Jun
30
30
25
Noranda Mines Ltd
Preferred
2,769
28
Feb
Oils-
17
33%
_
Car
25%
Jun
Gold
Sullivan
-30
30;'
-—100
common
—
26
25
Tramways
Paint Co common
Ogllvie Flour Mills
Mines
Sherritt-Gordon
14
v."
Jan
1.55
12
*
Ltd
Nickel-'—.
10
9%
Steel
./Ontario
210
25
36%
241/2
5%
*
Limited
Mines
330
i
22% Mar
50
20
6%
27%
>
July
July
2%
22%
-
July
6
27%
3%
'
Mining
Gold
15
11
<
5%
-
*
Ltd
Goldfields
O'Brien
July
10
pfd.100
Ltd
Mines
Mines
25%
common
Montreal
Gold
Gold
Normetal
23
•
National
Malartic
39% Mar
Jan
15% July
5%
4
100
Cockshutt Gold Mines Ltd
Jan
*
Preferred
Prancoeur
Jan
Massey-Harris
Murphy
Gold
17
9 %
Feb
5
Feb
10
7%
•••
■
27%
Mines Ltd
33^
10
•'
28
*
11
11
15%
30
'6%
1
11
24
2%
•
-
25
;
cum
Mines
Malartic Mines
Eldorado
15
'-••it
Jan
15%
18
Lamaque Gold Mines Ltd
110
22%
30
•
pfd.100
MacLeod
15
50
•
*
Jun
Jan
Jan
24
Jan
Jun
6
3
Jan
13
37
8
13,226
Jan
125
23
Feb
5
6
24
—'
15c
13% July
45c May
10
,..■:
4%
Jun
100
Apr
Jan
15%
Feb
541
Jun
6%
10%
22
.
May
3'/4
10
125
McColl-Frontenac Oil
isauunal
East
Cadillac
25
Ltd preferred
'
■.
5
20c
-
Apr
"■:,'■'■
Corp
Gold
15
'
Montreal
Dome
Kirk
25%
3
A
6%
'•
Copper
*
Candy.—
■''
5
Apr
45c
Feb
380
■7fs 10
4,665
20c
10
inn
Limited-*-
Mines—
*
—
V'•.
J
Jun
7%
77
2 '/a Mar
525
25
23
23 la:
*
A)
13%
1.15 Jun
10%
6
,
Jun
(John
—
50
326
10
13
36%
•
Feb
12
23,848
125
22%
:v
23
com—»
Ltd
685
6%
•
Ltd.
Pow
Securities
common
Ltd
W)
105
17%
common—
—
the Woods
Secord
Mont
Bridge Co.,
Jan
Mar
600
27/a
6%
8%
Ltd
Power
Southern Canada
Jan
15c
25c
2%
6
*
Jan
Jan
6 Vt
*
47/a
25%
61
18%
Company
8.a0
Jan
17
Montreal
12
Jan
4o
3 %
Jan
2
3%
18%
Noorduyn Aviation Ltd
Power Corp of Can 6% 1st
pid
Reliance Grain Co Ltd preferred
Sarnia
670
Apr
May
138
13%
Jun
Jun
375
July
16
Jan
8%
Jun
Jun
7%,
53
May
18%
11'/a July
7%
15%
May
15
it
13 %
•
47
85C
2
*
92
.United
July
.-*
Jan
Jun
167
10
2%.
10
Jan
7%
Feb
50c
19%
Jan
Jan
160
675
19
8
5
Mar
475
25c
Jun
169
375
80c
60
Jun
19
Jan
97/a
•
*
cum
15 % Mar
148
7%
•
pfd
6%
109
9%
•
79
55 Va
10%'
30
5%
Jun
6%
*
Oil
Co
Jan
7%
25
Power
(C
15%
Jan
11%
Petroleum Co
Lindsay
McColl-Frontenac
Feb
Jan
15
30%
A
common..
Ltd
July
9%
1
...
Massey-Harris Co
*
14%
*
International
Legare Co
Feb
4%
7%
International Nickel of Canada
Laura
Jun
5%
14%
420
105
Ltd
Jun
10
7%
5.00
Power & Paper Co.
Maple Leaf Milling Co Ltd common
"A" preferred
7
925
■
95
Jun
107
4
2%
50c
60
•
MacLaren
51%
11%
.
Sons
V-
7%
15
2%
27%
Paper & Power."
Jan
Ma.
53
:> :
Jan
Jun
9
30
'
1
John
Jan
108
167
15
»—•
B
St
94
16%
Bronze.
International
&
Class
12
£1
—
Acceptance
Preferred
■'.'8% July
40
■<V, 26
53
2%
Hydro-Electric Securities Corporation."1
Utilities Corp "A'-*
*
47
common—5
Can
of
Preferred
Lang
Jun
18
162
167
International
425
7%;
*
CorpIntercolonial Coal preferred
Lake of
Jan
July
8%
109
pfd_ 7ioo
Colleries
3
60
10%
v.:-''
15%
5%
695
54
;
155
'
Companies Ltd
Voting Trust
.Lnke
25
162
162
•
Canada
4
411
12%
6%
——
*
—_———
International
11%
92
7
Feb
Mar
5
10
+
"
25
1,275
12%
81
July
5%
70
■.:-4\;:
15%
6%
100
Bay Mining
Imperial Oil Ltd
Preferred
5%
■••
15
:.'
'•£«»•
151
101% July
of
Fraser
jHillcrest
'
_
Hudson
Imperial
4
7
*
common
22
100
54
7
5
Paper
Apr
Jan
1,055
107 ]/4 107%
"••'
Jun
76%
8%
■
•
2
-s
54
■;
*
Hollinger Gold Mines
Howard
.-
50
—*
"
Jun
8%
96
10%
•
.
Goodyear Tire & Rubber 5%
Gurd (Chanes)
common
■
10%
Mar
6
75
8%
Feb
Jun
25
■-.
Apr
10%
76% Jan
95
92
*
Preferred
155
Jan
1,522
151
5%
-
100
common
Motor
Jan
8%
39V2
90%
95
-
♦
Aircraft Ltd
Ford
Feb
7%
5%
*
common
Wares
Steel
Fleet
Jun
152
8%
*
preferred
General
■••■
77%
151
.'
*
T-——
10
8%
77%
151
& Heating Products^
English Electric class B
.
101'% 101%
1
; Enamel
Apr
120
Jan
109
niu
Candy Shops
103% July
26% Jun
Jan
36%
.
Farmer
Feb
17%
55
18
«
4Donnacona
30%
5
710
101
1,822
v
—
Fanny
5
:'r
9%
8
77%
k
Corp
'Foundation
.
10
19%
39%
10
*
Engineering Works Ltd-
21V2 July
19%
•
95
*
"A"
.Dominion Oituoin & Dinoi
Dominion Square Corp
Dominion Woollens
17% Mar
39%
•
Ll0
July
■
103% 103%
19%
13%
Imperial Mills Ltd
&
Dominion
.
Corp
July
16%
125
154
9%
-
10
—.—100
—
IDrvden Paper
Jan
24%
11% Jan
839
>
.2.50
Pap^r
35
Jan;
21%
♦
Paper Co Ltd
Dairies Ltd. 1% cum.
Pairchild Aircraft Limited
Jan
115
8
*
.,
26
95%
510
154
9%
100
common
4Q
29%
:—•
—1
590
14%
14%
120
120
'•
25
Dominion Tar & Chemical common—*
Preferred
28%
A.
120'
100
—
Coai B
04
28%
35
107
;
19 %
'
!___100
.
/Dominion Sleei
34%
*--100
—
Jun
*
Ltd-
Eastern
.
22%
*
common-
107
,
Jan
5~00
Consul iDHied
Cosmos
Jun
7 12% May
,
9% Jan
43%
28
,
——*•—*
26
7 %. Feb
;
Jun
5% Jun
Jan
Liu
Preferred
Jun
5%
Apr
17%
;v
*
Consolidated Bakeries of Can
Consolidated Div Sec "A"
May
'
3% Jan
'
22%
.—
Seal Co
480
5%
I—
Mining.& Smelting—
Glass
7
Aiconois
Jun
1,069
♦
Preferred
86
80
'
I100
City Gas & Electric Corp Ltd
27
Jun
Jan
20
July
217/b
*
common
Jun
11%
21%
*
common
preferred
Vickers Ltd
133
103% 103%
5%
Paper Inv
cumulative preferred
56
14
'■ ';
•
■Jiw--'
{
Canadian Pacific Railway——_——25
Cockshutt ' Plow 4——4,
■■Consolidated
7%
200
fiyl*..W —_ j
Canadian i- Locomotive
cum
Canadian
&
3%
Jan
7%
1
Apr
Apr
36%
30
class
5 Vo
Power
137%
•
Preferred
Candn
Feb
9%
Feb
100
Co
2Va
60
5%
100
i
Marconi
137
common—*—100
...
Ciiimuiun
Jun
10 %
pfd
cum
455
;
85
pfd— II00
7%
common
45
6%
Canadian Int Inv Trust 5% cum
pfd 100
Canadian Light & Power Co
100
Apr
108
7% Jan
7 27%
7%
Jud
14 % May
; 36
,
*—.-*---100
.Canadian industrial Alcohol
ClaSS B
Northern
Ltd
Feb
6%
21%
Starch
Power
July
20% July
12Va
21%
IT*
Ltd
3.00
220
86
*
High
Jan
Jan
6%
Canada Wire & Cable 6% % cum
pfd 100
Canadian Dredge <te Dock Co Ltd
Canadian Industries Ltd class B
*
Co
85
'
65c
1
5%
3%
*'■
Range Since January 1
9,352
10%
J
•
Ltd
Packers
3%
10%
*•
5
Canada
May
3% May
39% Apr
;
Co
I100
Ltd-
Jun
38
Jan
1.45 Jan
280
■
9%
29%
36
100
.
9%
30
;
32%
107 % 108
9%
•
common—
,
Canadian Converters
39%
32%
107 %
25
preferred
39
39%
Vane
Jun
8%
,
Columbia
3%
10%
Jun
15%
Apr
-Jan
Oil
45
Ltd——
common—-
of
34
Canada
.?./ 105% July
Feb :.. : " "
25 % July
9
Distillers
45
lists
Low
37,075
20%
B__
ciass
Shares
3
13%
*
sales
High
1.40
19%
Calgary Power Co Ltd 6% cum pfd L100
Caiid.ua & Dominion
Sugar 00
»>
Canada Malting Co Ltd
July
i' 17
:
&
Paper
Corp
Ltd
American
British
,
Jun
Jan
;20"'
645
131/2
t
——-50
———_——
Bntisn
5% May
Jan
92
1,045
35
——*
Jun
28
..
Mar
4%
35
10
Corp—.—*
Brewers
Feb
28 Ve
,
11% Feb
915
■V.:"
-
Apr
July
Power
official
Sales
for Week
of Prices
Low
IV
3
-100
Belding-Corticelli
154
■;:7.
Jan
2
580
105%
24
'
——
Crown
160
405
7%
Feb
15%
'•
.*
J00
Beauharnois
'■
Jan
>
preferred
30
Jan
14%
•
Preferred
—_—.—100
Canadian Car & Foundry common
_•
.Consumers
141
17,
-
Range
'
•
Paper common
7%
preferred
Bathurst Power &
"
:
/
3%
7%
105
179
10,212
ti
25% July
12% Mar
.15%
<
■'
-,
'
Power
20
.
>
'
——
Canadian Bronze
Canadian
846
26%
3%
15
105%
common-
152
28
15%
7%
—
Breweries
13%
-
6 %
Mar
103%
Jan
25
133
Jan
15
7,
28
«
-*
.——*
.common
preferred
Canadian
•4; Preferred
•
21%
115
24 v:
^—4-,—100
—J———
Canada
•4
1,702
18%
26%
A_——*
ouminon..;—
.Canada.Forcings Class A
7%
25%
3%
Preferred
5 %
.
152
.Bulblo-*G61d:.Dredglng^iiJ-«i^i^Vi-§:'
Canada
Feb
Abltibl
Jun
10%
Jan
13 %
B
ciass
105 %
30
'
from
Week's
.
Apr
113
Feb
100%
30
——•
Building Products class. A--——;,
8%
<18%;
100
& J?—
L
380
130
24
Funds
compiled
Sale Price
Par
High
Feb
236
25 Mi-
•
of Canada
Co
',
Hi ;
101% 101%
*
Paper class A
20
116% 120 f v
%
101
common—-J-.*—*
Teleg preferred
&
119
pfd———50
July 9 both inclusive,
STOCKS—
Range Since January 1
Low
10,
.
to
Last
Shares
<113
10
10
v
July 3
lists
Friday
High
113
*
common——*
.
sales
Sales
of Prices
.
-V.Par
:
official
for Week
Range
Sale Price
'
from
Week's
Last
'V
Montreal Curb Market
Canadian
compiled
Friday
STOCKS—
Exchange
Funds
10
10
10%
280
Jan
10 %
Jun
Pwr com.. •
26%
23%
26%
5,160
14%
Jan
28%
Jun
6%
6%
30
5%
Feb
7%
Apr
Vancouver——5
/
„
7.40
Monday, July 12, 1943
182
CANADIAN MARKETS
Range Since
Shares
of Prices
Sale Price
Columbia Packers
Dominion Oil
British
British
Ltd
Ltd
*
1
*
;
Oil Corp—
8c
3.00
6%c
Gold Mines
*
Buffalo Canadian Gold Mines
*
Building Products Ltd
*
Bunker Hill Extension Minos--*----'-*
Ankerite
Buffalo
Burlington Steel
Bread
common
A
Class
————
Preferred
-
Canada Foundry
22
Jan
49
class
-
A———--*'
"""I
Lebel
Feb
Leitch
Jan
3.50 July
15%
Mar
13
350
4
25
Feb
Feb
6%
Jan
1.75
1.15
5,110
Jan
30
3
Feb
10
102
Jun
4'A
515
1.78
6.495
Gold Mines
1.09
1.12
20,450
1.85
1.82
1.88
8'A
7%
8'A
Lake
Red
Milling
Leaf
common
20
Apr
25
Jun
26
Jun
43
Jun
79%
Jan
93
Jun
Mclntyrc Porcupine
Jan
150
Jun
McKenzie
Jun
255
13
Permanent Mortgage.--
12%
13%
1,428
8%
Jan
14%
Steamship Lines
35%
36
404
31%
Jan
38
May
62%
65
70
59
Jan
65
Apr
Jun
Mining Corp
1
Pat Gold Mines
3%
Mines
Mines
Consolidated Smelting
Coniagas
13%
13%
9%
9%
175
7% Mar
27% Mai
29%
37
325
137
137
10
30
30
10
5%
5%
440
22
24
255
36c
Crest Oil
Eastern Malartic Mines
East
Easy
50%
50%
;■
Paper com
Preferred vtc
Great Lakes
vtc
Common
Hallnor Mines
1.08
1,350
85c
Jan
1.20 Mar
44
393
37%
Jan
45% Mar
129%
131
57
123
24
100
21
Feb
25
Feb
10c
Jan
38
12
60,130
4c
5,000
3%c
34%
Home
Bay
Hudson
__
__
—
—
95
55
6
21%
6
21
3c
13c
7 Va
„
—
6%
5c
Huron
;
Erie Mtge
&
__
„
49c
1
__
Imperial Bank
—100
Imperial Oil
•
Imperial Tobacco ordinary
5
Imperial Varnish & Color preferred—*
Inspiration Mining & Develop Co
1
International Metal common A
—*
__
17
„
__
16%
100
Preferred
100
preferred—
Nickel common
Petroleum
_
International Utilities class A
__
>
■
__
•
36%
•
23%
—*
13
Class B
————1
__
Island Mount
—_50c r 60c
Jack Waite Mining Co
*_—T_1" ■ ;
International
International
—
.
—
—
Jason
1
Mines
1
—*
J M Cons Gold Mines..:
Kelvinator of
Kerr-Addison
Kirkland
Canada
....
1
Gold Mines
Lake Gold Mining
Lake Dufault Mines Ltd—
Lake
Shore
Lake
of
Mines.
Woods
Co.
Lamaque Gold Mines
For
footnotes see page
•
:
__
12
_J
6.60
61c
1
1.15
183.
1
*
14%
*
Ltd..*
Milling
.
95
18%
Jan
25%
37
142%
Jan
40
8%
Feb
20%
Jan
4.80
■„
Apr
Apr
July
167
112
9%
285
8% Mar
10%
10'A
310
5'A
Jan
10'A
8%
1,535
6%
Jan
"8 %
8
3,448
2%
Jan
14%
310
8%
Jan
•'
7c
3,500
4c
Jan
311,900
4'Ac
Jan
24,200
i.uy
Feb
Jun
July
8
14% July
10c
Mar
19 %c July
Jun
1.45
Powell
27% July
5%c Jun
Jan
23 7A
Jan
16
18c
May
8
Mar
77
Jan
85-
May
Jun
May
Feb
32c
11'A July
2,750
lc
May
4%c
Jun
12'Ac
Jan
29'Ac Mar
1,000
10c
Apr
137Ac
1,000
3c
Jan
6%c Feb
62
Jan
95
51 %
Jan
55'A
Jun
May
6
'July
75
130
1.966
3
915
14%
Feb
Feb
July
21% July
July
6
July
16'A May
21
Jun
3
7,815
375
2,000
2'Ac
Jan
7%c Mar
1,100
11 %c
Jan
17c
5
Jan
7%
1,600
3c
Apr
7c
Jun
86,650
4c
Feb
7%c
Jun
510
2.50
Jan
3.55 May
980
4%
Jan
8
Jun
Jun
34
33
25
3
May
4,800
40c
Mar
2,600
2C
Apr
200
Mar
14
8.50
640
Jan
Roche
San
3.70
Jun
Feb
23c
July
Apr
11
Jan
"500
26c
710
Jan
Mar
28%
Feb
Mar
10'A
Steel
Jan
Jun
B
Jun
17% July
12%
29
35c
Feb
July
Feb
16% July
9c
Feb
88'Ac
Jan
99c
Jun
4,450
57c
Jan
95c
Jun
5c
3c
1,000
3c
Jun
5c
July
8
8
30
4%
Jan
8
July
2%c
4 %c
280,900
2c
Jan
22%c 24'Ac
23,925
Mar
13
Western
May
60c
July
60c
July
6c
Mar
10c
13c
Jan
23c
July
'Ac Jan
2c
Feb
Jan
Jan
Jan
May
10'4 ..Ian
Mar
3.65 "Jan
3,000
13
65
1.75
60c
12
July
10'A
1,485
7%
2.15
17,150
Jun
6.60 July
70c
Feb
1.20 July
16
26
5.30
Jun
Jan
8
Jun
500
Jun
58q-
Jun
May
2c
23
9'Ac
Apr
Jun
Feb
31c
3,500
110
4'Ac
7'Ac
13,100
140
17
24%
25%
408
180
184
.
50
3c
4c
2%
■
Jan
25
3%c
Apr
7'Ac July
8c
25c
125
3'Ac
Jan
2%c
Jan
9%c
9%
8%
19%
19%
Apr
Jan
7.00
July
9% July
15
rV
Mar
9
Jun
Feb
20
Jun
250
3'A
86%
12'A
102
25
42c
7,900
39c
Mar
38c
40c
8,800
29c
Jan
2c
2'Ac
5,000
l'Ac Mar
38c
7'Ac
28,000
250
102% Jun
Jan
3'Ac
6'Ac
7c
.
12% July
Jan
12
40c
Jun
10
.
8
10
128
101%
101%
Feb
4c
1.03
5.15
153
:
Jun
19%
67c
1,038
7.00
8%
May
31c
Mar
Apr
Jun
2c. May
Jan
10,743
9%
Feb
3
3.25
1,000
93c
6.90
•
16% Mar
90c
9%
Feb
6c
Jan
18c
7,100
18%
8%
July
1.86
23,000 ':
18
is
Jan
1%
Apr
184
Jan
2c
12,490
2.99
25%
Jan
21'A
152
Jan
142
132% May
40
2.90
•
22
15,700
2%
2.25 Mar
Jan
Jan
20'
3,697
6.90
Apr
45c
Jan
Jan
3'Ac
Jun
8c
Jan
10
45'Ac
Jan
.19
July
:LL; 19
19
2%
3,590
Jan
Jun
2%
3
2%
9%
505
7
Jan
Jun
9'A
10
9'A
605
4% May
5
Jun
4%
4%
5
66%
*--*25
67
67%
85
1.10
59%
Jan
73
Apr
66
Jan
76%
Apr
2.40
Jun
75
74%
75
2.35
.
114
2.17
2.35
41,250
1.51
Jan
2.05
235
1.46
Jan
1.90
1.90
70C
75c
2,250
1.80
1.85
12%
82c
10'A
Jun
12% May
Jan
July
53
July
53
Apr
1.95
Jan
1.38
125
2.10 Mar
Jan
65c
1,876
12'A
Ltd
70c
1.85
*_—
53
53
30
2.80
2.90
3,650
Jan
3.20
2.80
1.92
1.92
1.92
60O
90c
Jan
1.94 May
61c
Jan
75c
—
1.85
Apr
Jun
67c
Ltd.——*———
_*
*1
Jan
86
10c
Jun
18c
Feb
Feb
9
July
9
100
1,000
8%
76%
35
66%
Apr
9%
,
20
8%
Apr
9% July
Jun
74c
62c
69c
17,800
35c
Apr
8
1,690
6
Jan
$% Jun
25
25%
30
22
May
25'A July
15%
975
7%
Jan
15% July
13%
33
5
32'A
Jan
37
Feb
33
5
5
210
3%
Jan
_5
8c
5%
<
<
225
1.41
L 1.37
1.42
6.20
2,636
4%
"
17c
20c
';!■
129,600
1,000
25C
25c
3,117
L
4.40
,■
Jun
Jun
6
Jan
Jan
95c
L 21.050
5.95
5
10c
5'Ac Jan
1,500
5%
7c
8c
;'r 5 %
25c
Apr
6.25 May
Jan
9'Ac Jan
29c
Jun
20c- Mar
36c
Feb
Jan
4.95 Mar
Jan
3.40
56% May
4.55
56
56
56%
21'A
21'A
21%
'21c
•21c
6
6
200
84
35
40;4..„ Jan
91
82'A
80
10
55
Jan
80
80
117,.
Feb
122
12
Feb
100
100
:———~
L-'-L
100
—-
—100
100
*
—*
—*
Jun
1.45
4.50
4.55
Knitting Mills common.*.
Jun
80
14%
—-
pfd
8% July
5% Mor
77A
*
:———
—
6%
35
Feb
8
50
25
Preferred
*—-—
Wiltsey-Coghlan Mines—
Winnipeg Electric common.**-—
York
68
'
68c
f
common—
Apr
30
80
14c
6.20
common*
Jun
55
July
9%
Worts com
Alexander & James
Mar
55
8%
Mines, - Ltd
—
30
Jan
76%
—
L
Jan
50%
9
1
—
—
—
23'A
86
79
;——*
./
320
14c
79
—50
———
—
2,700
28'A
52%
-——*50
—
_***—_.—*
67c
28
:
;."•
Wood
Jun
92c
23
42c
Wright-Hargreaves Mines
Ymir Yankee Girl Gold—
Apr
10%
53c
25
*
Canada Flour common
:
Preferred
Jan
Jan
1.72
3'AC
class A
—
Jun
51C
—
Grocers
75c
4
50
2.10
Mines
Preferred
Ltd
Jun
Apr
6
55
91c
7'Ac
——L.
Gold Mines Ltd—*————
Westons
2.15
52c
75c
23'Ac
Preferred
Western
Feb
Jan
58c
1,700
71c
93c
Jun
1.90
1.25
3'Ac
—-
Jan
13%
1.28 May
720
5'Ac
Jun
1.05
Mar
12
7,545
2.05
Feb
27c
Jun
74c
80c
*
4%c
17'Ac May
24
:m
Preferred
Feb
4,560
16,600
1.61
4c
*
100
Walker-Gooderham &
Jun
•;
184
.,—
——
Oils
%c.
77c
2%
class A—
Waite-Amulet
6
22
4'Ac May
50
94c
2.90
common.——
Oils
20c
5
5
99%
3'Ac
Ltd
Canada Mines Ltd
\ Ventures, Ltd.
r-*,
Wendigo
500
5c
Upper
Vulcan
Jun
99
,4—
—
Vermilata
1.30
Apr
90c
25%
&
preferred
United Steel
23'A July
40c
4% July
140
Exploration Co
class A common—
Oils
United
Jan
1,255
Apr
6c
Mining—
Class B
17
50,400
2%
common
—
Fuel
United
Apr
4.75
200
_
B—
Class
Apr
55c
4%
3%c.
Class A
rights
Transcontinental Resources —4—-—
Union Gas Co of Canada
;
/United Corps class A
i
Mar
4,550
Jan
2% July
23
Ltd
Mortgage
99
8,618
11'Ac
Apr
—_—50
Preferred
Toronto
39%
10
Jun
%
51 %c
—-.Li-
Toronto Elevator common
97
175
6%c
300
1.70
Canada common
Toburn Gold
Jan
500
113,410
2%
——
Teck-Hughes Gold Mines
Texas Canadian Oil —
Jan
A
7'Ac
Ltd common——
Jan
800
Jun
6 %c
2.12
Preferred
Apr
175%
1,000
-
29c
13
Mines
Sylvanite Gold Mines.
Tamblyn
33
\
Jan
7%
Preferred
Steep Rock Iron Mines
.Sudbury Basin Mines
Sullivan Cons Mines.*
90
10
8%c
*
-
90
1,950
6,500
Mines—
of
Co
5
11,422
24c 27'Ac
Malartic
Sladen
55
A
May
91c
<„———
Gold
1,178
...
72c
——*
Preferred
Class A
12%
•
Jun
Jan
1.00
10'A'
—
Water
Simpsons Ltd
L
Class B
Class
Jan
10
90c
38c
71c
Preferred
Jun
7
10
Mar
4,060
Sigma Mines —————:——
Silverwoods Dairies common—
L/
16% Mar
308
61c
65c
2.00
Power.
Shawkey Goid Mining Co_—
Sherritt-Gordon Gold Mines.
Apr
32% Mar
40,133
19,680
60c
80c
America—
Corp
Shawinigan
16
Jan
8%
180
85c
4c
.
Antonio Gold Mines
11'A
Jan
11%
97c
1.25
22% c
Gold Mines
Lawrence
St
1.04 Feb
76c
1 Bo
:
Royal Bank of Canada
——10(
Royalite Oil
,_
;—L_
Russell Industries preferred
—_L_ 10
St Anthony
Mar
95c
Lac Gold Mines
Long
11,687
Apr
4c
May
'
Traders Finance
7%
157
•
8
Mines
Silk
Towagmac
26%
2
2%c Jan
25
Feb
65
65
1,682
74c
Jun
48'A
5c
Reno Gold Mines——.
Riverside
Jan
1,600
Ltd
Queenston Gold Mines
Jan
1,472
145
Jan
1.70
4c
A.
Prospectors Airways
3%c
5'Ac
17%c Jan
5,225
Jun
50c
Apr
Jan
1.05
45%
Mines—
Gold-
Dome
East
Preston
58c
Jan
3c
4.000
Jun
Apr
2.65
13,060
4'A
61
Feb
200
4c
of Canada
Metals of
Pressed
July
100
Feb
Jan
35c
175
1,000
45
Gold
Rouyn
Power Corp
Jun
940
38
61
40c
40
Mines——
—
Slave Lake Gold Mines*—
South End Petroleum Co_^—
L
Standard Chemical Co__ —
—
Standard Paving & Materials com
■A Preferred
——„———
Standard Radio
——
4'Ac July
May
90c
Jun
Jan
July
9
1.35
5%c
Siscoe
3c
60
Jan
4
Jun
1,700
Mar
6
*
Jun
13%
25
24c
97
Feb
92
290
1.25
93%
8
Mar
60
8%
189
40c
Premier Gold Mining Co—:
Jun
Mar
182
60
Mines of B C
Gold
Pioneer
4.80
Jan
16%
Gold
Pickle-Crow
Jan
19%
12%
12%
10%
4.95
Jun
10
190
2
Mines
Gold
Sand River Gold
10
174
174
14% 17%
11 y4 1134
29
29
32c
32c
4.80
Jun
2'Ac
22,850
May
95c
Engravers & Electrotypers_—
Senator Rouyn,
55
49c
50c
3%c 3'Ac
15
15
10 10%
3.40 3.65
4'Ac 4'Ac
22c 23c
30 30%
95
95
95
95
36% 36%
21'A 23"%
13
13
30c
35c
60c
60c
7%c 7%c
22c
23c
l%c l%c
-12
12
" 6.45
6.60
60c
61c
92c 1.20
14% 14%
25% 25%
Jun
Photo
Jan
■:
48
Malartic Gold Mines
July
175
7%
34
4%
16
25'A
1,505
2.75
6%
34
4Vs
9% Mar
1,600
40
Jan
6%C
Paymaster Cons Mines Ltd
July
7,000
44'A
8%
—A.:
Gold
Cadillac
6
14%
200
85c
Mines
Porcupine
1.20
50
48
Tubes
30
21
yyo
Jan
47%
May
65c
Jan
3.10
27
189
Corp Ltd————*
Jan
915
40c
Jan
common—.
Apr
3%
Jan
24'A
4c
80c
165
2,050
28c
854
60%
Pantepec Cadillac
Perron
Apr
30
3,650
60
Oils Ltd———————
Partanen
80
Mar
75
Preferred
Pamour
16% July
34c
1
Orange Crush common—
Pandora
•
65
Feb
July
28c
22c
Feb L !
ViS/LFebLL':
45'A
20
665
6
30
99c
4.50
27 Ve
4%c
23%
15%
26c27%c
11 11%
y0
93
96 %
97
12% 12%
4c 4%c
2%c 3%c
18c 20c
12%c 12%c
5c
5c
95
95
55 55 %
4%
6
20 21%
3
6
19
21
3c
3c
13c 14c
7 7%
4%c 4%c
5c 5%c
*
30'A
* % 12% v 12%
*
__
12%
Corp 20% pd._100
__
10%
Class A
35% July
25
2.75
Mining & Smelting
Class B
Jan
167
30
93c
4.40
25
4%c
22%
15%
1
„
———*
__
5
10%
—1* -V 3.60
——.1 >■:.
__
•
25%
9%
5%
-*
Gold Mines
Howey
Hunts Ltd class A
4%c
13'Ac 19%c
1.25
1.32
Consolidated Gold Mines
& Gas
Jun
40
23 %c July
3 %'c Mar
24%
■13%
*/• 7c
27c
1
Oil
Apr
•
8
—
Mines—
Homestead Oil
25
7%
23
Hard
Gold
July
131
9%
■ „
preferred—30
Ltd
—-*
& Dauch Paper
Apr
24%
95c
4.40
27 Ve
1
Co Ltd—
Hollinger
Jan
1.25
620
35% '
24%
—
Harding
Barker
'
17%c 23%c
1.29
Hamilton
Hinde
July
Mar
18c
Hamilton
Bridge
Cotton
Carpets
Rock Gold
Jun
4
80c
43%
1
-1
.".
*
13%
35
200
8 '/a
8
—*
——1
*
Mines...*——1
—
Jan
3
4
1.05
10
*
Halliwell Gold Mines
1.18 July
9% Jan
.
Jan
2.65
Mar
July
1.80
26'A
'
July
L
Jan
26
72
100
common:
Omega Gold Mines—*.
Ontario Nickel
Page-Hersey
4
25
_.—-L——
Grull Wihksne Gold Mines—
Gunnar Gold Mines Ltd
Gypsum Lime & Alabastine
Swayze
175
Power
Ltd
Pacaita
18c
9
:
Feb
26
■;
Mines
Oils
July
Jan
2.00
75c
Gold
May
1.41
165
Preferred
Halcrow
12%
Apr
9%
1
1
com—*
—00
.——*
-*•
—
22,325
Jan
405
1.18
12%
//£'' ' -j:; :
12%
Gillies Lake-Porcupine Gold Mines—1
4%c
Glenora Gold Mines
——.—
.1'
3c
God's Lake Mines Ltd
*
18 %c
*
2.55
1.08
Apr
47c
Jan
16'A
10
1.30
Oil
Star
Okalta
4% July
65c
3,130
22,935
Jun
1.34
11c
10 %c
29c
2.00
34%
preferred
—
——100
51/2 % preferred _———-————100
General Steel Wares
"
—
Jan
4,200
40C
Mines
Normetal Mining
Feb
90c
Jan
6,520
28c
16'A
Norgold
Feb
1.35
2'A Mar
1,135
4%
1.41
Jun
56c
1.75
75
100
Noranda Mines
O'Brien
6'Ac July
20c
—
5%
Preferred
6,500
Jun
Apr
1.05 July
3'Ac Jun
4
23c
_*
56
Jan
1.22
1.68
27c
Nipissing Mines
38
Nickel Mines
*
Fanny Farmer Candy Shops
1
Federal Kirkland Mining
1
Ford Co of Canada class A
—"
Foundation
Petroleum Co.——-*
Francoeur Gold Mines
*
Gatineau Power Co common.,—
*
Ltd
Golden Gate Mining
Goodyear Tire & Rubber of Can
8c
Jun
9
8
—
Negus Mines
North
1.00
1.30
20 %c
Falconbridge
Goldale Mines
650
6'Ac
*
—
100
2,500
1,180
National Steel Car
12% May
54c
80c
1.22
13'Ac 13 %c
_
Cafeterias
Jun
26
Jan
3,000
Feb
83c
26,650
July
l'Ac May
11c
Jan
230
1.05
3'Ac
102
47
51'A
.
Jun
92% Jan
90c
'0: 9
Jun
9% July
Jan
6
48
Jun
23% July
95c
80c
—25
Mines
Gold
Eldorado
3,820
40
common
Class A
Jan
1.19
1.20
1
Washing Machine Co
Investment Trust
Economic
12,532
12
3,008
102
Natl Grocers common
Feb
7%
19%
97/8
L
&
Light Heat
Corp
Muirheads
57A
Mar "
15
9%
Jan
33c
Apr
31
Jan
Jan
101
common
37
Jan
5'A
14%
1.04
preferred——
Apr
24
1
*
i
Mining Co—
500
1,490
1.00
(~~
*
2d
Dominion Stores
*
Dominion Tar & Chemical common.—®
Dominion Woollens & Worsteds com—*
Preferred
—?
20
Duquesne
46c
23%
11%
2
Bank
Dominion Fabrics Ltd—
Dominion Foundries & Steel com
Dominion Steel class B
3%
13% July
138%
Jan
950
1,475
______
10
Feb
22
Moore
5%c Jun
2%c Mar
9'A
2%c
30%
Jan
133
22
1.41
2.00
1.15
27%
,
46c
Mines
Dome
Dominion
Jan.
10
29%
44
1
♦
Nickel Mines
——
Distillers Corp—Seagrams common
10'A
.
35'A
1.05
*
Denison
565 '
May
22
\Jan
3,000
Feb
Jun
Jun
17
19%
Porcupine
Montreal
1.05
50
Petroleum
Davies
19
50
4-/8
--5
100
(Toronto)
Cosmos Imperial Mills
Dairy Corp preferred—
9% July
Jan
10
———5
Gas
6%
325
22
Moneta
4%C
9%
of Canada
Monarch Knitting
Apr
10% Jan
5
Mines
Containers
Modern
3% May
39
175
19,350
8%
Mines
Oils
Model
15%
Mines
Gold
McWatters
Mar
140
Jan
Jan
9%
Coniaurum
Consumers
Jan
1.35
28
400
-
22
27c
y
129
1,560
39
9%
—
Research
1
Chesterville Larder Lake Gold Mines—1
Chromium M & S Corp Ltd-**
Coc'nenour Willans Gold Mines
1
Cockshutt Plow Co—
*
Conduits National Co
.—
—1
Chemical
Jan
9%
102
Mines
Lake
Gold
McLellan
86% July
66
3%
38
6
Jan
Ar- 45
34
J
134% 136%
Central Porcupine
Chateau
86%
■
—
,
Mines.—
;;—— 1
Gai Wines———:
*
5%
85
*
Central
2%
204
4%
Jun
L 4% Jan
8%
Mercury Mills Ltd—
ion
—
common—-*
13%
50
35 'A
Canada Wire & Cable class A———*
65
Canadian Bakeries common—
—-*
514
Preferred
——100
Canadian Bank of Commerce.*
100
136
Canadian Breweries common
•
3%
Preferred
——*
39
Canadian Canners common—
*•
—
5%
1st preferred.;
20
Convertible preferred
*
Canadian Car & F'dry Co Ltd com
*
9%
Preferred
23 '
Canadian Celanese common
* YY 36
Preferred
100
—
Canadian Food Prod
—*
Can.
Industrial Alcohol class "A"—
Canadian Locomotive Co Ltd
*
22
Canadian Malartic Gold Mines
*
—
Canadian Oil Co common
—*
Canadian Pacific Rv
25
12
Cariboo Gold Quartz Mining Co
-1
Castle-Trethewey Mines
1
80c
;
2,015
100
Preferred
91
—
2.09
1.65
19%
McColl Frontenac Oil common
40
Preferred
Apr
Apr
L
19%
20
145
Canada
Jun
1.25
■'■'i.
1.51 Mar
70c
9%
Preferred
Red
Apr
1.85
Jan
.____
common
Massey-tiarris
Jun
3.40
Jan
15%
15%'
Maralgo Mines Ltd—..
Jun
2.30
4%c
Fields
Gold
1,455
124
Apr
20% July
1.70
92
30%
"""Tnn
22
1.12
90
Packers Ltd
Feb
18
1.74
Ltd
Jan
19%
235
Mines,
Mar
1.00
210
3,470
145
B
Class
22
3.35
500
Jan
21%
Jun
85c
Jun>
20%
———
Preferred
Jun
105
21%
3'Ac
67c
3.05
Maple
July
8%
12,525
20'A
:,
Jan
60 %c
4,850
73C
July
12
Jan
lc
4,500
84c
71c
3.10
Malartic
Jun
6%
2%C
82c
Jun
9'Ac Feb
Jan
9%
20%
Madsen
Jun
104
Jan
2'Ac
73c
*
Macassa
July
35c
21c
9,700
670
MacLeod-CocKshutt Gold Mines
Mar
11% May
9%
110
3,000
12
2%c
—
Gold Mines Ltd
Groceterias class A
Class B
Jan
3c
l'Ac July
1,000
3'Ac Jun
5c
Ltd
Gold Mines,
Loblaw
: 13% May
11'A
Little Long Lac
Jun
9c
3'Ac Jan
20
12
_
Mines Ltd
Oro
Apr
13c
14%
4%c
Secord Candy
Laura
July
62c
Jan
1.60
4,966
Lapa
15
14%
&
Mar
4%c
16,500
July
High
Low
High
Low
Sons Ltd
Cadillac Gold Mines
Lang
8
105
26
7%
104%
24%
7%
105
• 26
30/4
19%
46c
/ ■
800
Jun
25
Canada
Can
Apr
5/4
104
5/2
104
—
-100
---*
J
100
-
Cement common
Canada
17%
13,700
*
10%
10% 11%
common
—*
—
6% 6%
Corp Ltd
*
1.62
1.52\ 1.65
---—J Y'Y':27c 28c
Calgary & Edmonton
Calmont Oils Ltd—
Canada
22'A
81,715
l%c l%c
—
Jan
3,768
15
14%
15
17%
———
Mills
Linen
Caldwell
2,580
21 21%
19%
22
45
49
50c 51c
8c 9%c
2.85 3.50
6V4C
7c
21%
21%
46
51c
—*
Porcupine Mines,
Broulan
High
Low
■
*
American Oil—
British
Brown
Par
YV-v.
(V
Range Since January 1
Shares
of Prices
Pa
High
Low
L
for Week
Range
Last
Sale Price
STOCKS—
1
January
Sales
Week's
Friday
for Week
Range
Last
STOCKS—
Listed and Unlisted
- -
Sales
Week's
Friday
-200
•
47
373
.
19
Jan
19c
Jan
3
Jan
1,000
122
122
100
>'•■14%
16'A
2,015
101
.16%
101
100
3c
3%C
6,500
3 %'c
'-■•••
7
-
1,515
6%
55
i,
3%
407
20
69
83
83
83
10
3.25
3.25
3.50
3,835
8 %C
8'Ac
500
8
8
10
,
-"
2.50
8c
Jun
24c
Mar
Jun
8
Jun
.
-
July
July
16% July
101
Jan
May
3'Ac July
l%c May
58^2
-
58%
94
.21%
-
Apr
7%
Jun
Jan
59%
Jun
Feb
84
Jun
4.20
Jan
5% Mar
ADr
10'Ac May
Mar
\
8
July
Volume
158
Number 4193
THE COMMERCIAL
& FINANCIAL CHRONICLE
183
Toronto Stock
Exchange-Curb Section
Canadian
July
'v'y■'
to
3
July
both
9
inclusive,
V>V-Y.
■
compiled
Friday
STOCKS—
&
Bruck
Son
class
1— •:/!!
A—
Canadian Marconi
Coast
Low
—
1
__
Copper Co Ltd
_
10%
•'>:?. j"
2
V '
10%
60
/'V.,-.
■'
Consolidated Paper Corp
Corrugated Paper Box preferred- —100
5%
•
2 to
300
1.35
300
fi-'i
r'iV. 5
--s
:
to
6 to
10% July
3 to May
Jan
90
Oil
Jan
1.80
13,015
3
Jan
6
Ontario
70
Jan
91
1
28 ¥4
20
1.40
1.50
1.55
3,221
«
______
Co
_
Silknit
__
-
_
mm mm
Pend
Lake
Mines-
Oreille
1
..
Mines
&
30
78c
Jan
15
Feb
8
Apr
18% July
9 to Apr
24
Feb
30
Jun
Apr
1.75
Jun
18%
9 to
26
5c
5 toe
150
150
5
100
14
' '
14
May
150
50
12
Feb
14
Jun
19c
Jun
—.
Apr
41c
Jan
26
——
30
20
-■
5
1,500
*
common-
Jan
25 to
8 to
A'
-100
_
«
Ltd
> High
29c
18%
*
—
..
Ltd
Scrip
Osisko
July
20
1,500
28 to
_
——
Feb
6
Shoe
Range Since January 1
Low
40
*
__
voting trust
Selections
Shares
High
37
Langley's preferred
Jun
81 to
80
.\v;
Apr
85c
*
9
Co
Humberstone
High
6 to Mar
10
1.35
•
•
Fraser
Range Slnce.January 1
Low
8
10%
5
_
Shares
for Week
of Prices
Low
•
Dominion Bridge Co
Foothills Oil & Gas
./''V'- ,!■■■'. /,..
1
High
8
#
Dalhousie Oil Co Ltd
for Week
of Prices
#
'
Silk
lists
Sales
Range
Par
Beath
sales
Sales
Range
Sale Price
Par
official
Week's
Sale Price
■:
from
Week's
Last
STOCKS—
Funds
Last
!
Friday
Metals
July
Apr
7c
May
July
•
12 toe
2,500
7Vic
1.70
Apr
5,970
1.05
Jan
7c
''
13c
1.65
:rnmmm
'
1
10c
1.90
30,000
5 Vic
Jan
10c
1.65
Temiskaming Mining Co
5c
__
Jun
July
OVER-THE-COUNTER MARKETS
.,•/■//■//
Quotations for Friday July 9
.
'
Investing Companies
Par
Holding
8.41
3.52
3.85
Corp
10
American Business Shares
22%
B-3
6%
7 to
Series
K-l
2
1
13.66
14.69
Series
K-2
Nat
Investing—
Series
Industry Shares
Fund
Inc
4
Series
S-3
4-4
Series
S-4
Fund
Fund
Fund
14.05
3.75
28.28
30.41
100
10-87
10.05
com—100 2,420
Commonwealth Invest
10
38.51
Mass
145
1
1
2d
Mutual
35 to
2.41
Investment Trust—
Invest
37 to
Nation-Wide
(Colo)
Corporate Trust Shares
Series
AA
—1
(Md)
2.28
Accumulative series.
1
1
2.74
mod
AA
Series ACC
ACrum
&
A8%
Crum
mod
1
Forster
&
Forster
ACommcn
A7%
B
2.74
common—10
preferred-.
—100
Low priced stock
Bond series
—
29
31
shares
10
preferred
100
29 to
Delaware Fund
1
19.63
1
D
3.70
Eaton
&
5.65
6.35
1.25
1.38
Stock
Fund
1
20.03
12.08
12.60
1
'
'
\
Fidelity
10.08
6.58
12.18
'
•
31 V4
8.78
9.01
10.33
11.35
8.18
Industrial Fund, Inc.
Mutual Trust Fund——5
,
•
!
,.1.86
2.04
5.71
6.38
Trust Shares A
Foundation Trust
.10
Shares
A—1
3.75
4.35
•
Invest
Ino
2
21.87
Fundamental Trust Shares A„J1
B
4.78
General
Putnam
32.31
34.74
1
General Investors Trust
4.51
•
Capital Corp
2.11
2.71
2.65
5.18
Automobile
Aviation
shares
6.78
Chemical
shares
General
50c
13.42
6.44
7.10
4.12
Low Price Shares
Merchandise shares
;
shares
A
Huron
Income
4.25
4.21
r
—1
Fund
100
Incorporated InvestorsIndependence Trust Shares
4.36
Securities
15c
1.45
1.58
20.32
85.70
1
ASeries
2.28
2.57
Group shares—'
Group shares
12.92
Co
of
America
Class B
2.26
7v
1
—1.250
——
Trusteed Industry
Shares.;
25c
5.68
22.94
.
12.47
12.74
:
.
.
Bid
tiy8%
Federal
Feb
—
iSeries
.
Home Loan
%s
74c
1,
1943
1946-1944
4s
1964-1944
3%s
0.60%
_
19,55-1945
1955-1945
3s
Jan.
1,
1956-1946
3s
May
1,
1956-1946
103} J
80 to
10
82 to
843A
33%
363/s
Westchester Fire
367/a
2.50
38%
City Banks & Trust Cos
Rid
Ask
19%
.100
358
10
1
;
21
///
■
Guaranty Trust
Par
■■
Bid
__—„_100
Irving Trust
10
—
Kings County Trust
Ask
297
U 370
305
13%
100
14%
1,385
37%
39to
-25
29 to
32 to
10
45 %
47 to
i-20
45 to
47%
20
523/4
197
Morgan
100
Bank
&
Trust
194
10
17y4
Empire Trust
45 %
.
100
12 to
34 to
-25
•84'/2
47%
50
——
National
& Co Inc.
18%
& Trust-20
Exchange Bank
(J P)
204
Bank—.
73 to
77 to
32
12
100
Trust
17 to
1,445
150
165
100
United States
Trust——100
36 to
88 to
34 to
5 to
1,485
543/4
207
1,225
6
104%
104}$
104}$
105
105}$
108}$
106
107
to
1,270
83c
Quotations For U. S. Treasury Notes
25.48
8.05
Figures after decimal point represent
Maturity—
15,
Dec
15 V2
Int. Rate
1943
15,
1
1943J
Wellington Fund
-
—.1
16.47
Mar 15,
18.11
15,
1944
Sep
__
15.
1944
Mar 15,
tMar
15,
tDec. 15,
Investment Banking
Corporations
Blair
&
1
-
J
,
Co
AFirst
Boston
1
Corp
10
2
19 to
1
Bid
100.12
%
—
U
3
July 15,1943
100.13
Apr
15, 1944
105.5
100.15
tSep
100.24
1947
1 to %
Indebtedness—
100.15
100.17
b0.40
0.35%
b0.56
0.54%
100.17
100.31
t7/ss
100
100.2
t%s Nov 1, 1943—'
f/es Dec 1, 1943
3/4%
100.24
100.20
99.27
15,
Certificates
100.26
100.18
¥4%
_
Ask
100.2
100.22
100.16
lto%
1945
Bid
100
1 Va%
100.15
1945
point
1946
100.14
¥4%
a
1
100.29
%
1944
1945
of
Int. Rate
•>¥4%
%
wi—
of
Aug 1,
1943
— _
0.57% :
b0.65
t%s Apr
99.29
b0.59
t%s Feb 1, 1944—
2%
Ask
100.1
100.7
quoted
Bid
Treasury bills—
July 14, 1943
July 21, 1943
July 28, 1943
4.
Aug.
1, 1944
32ds
0.63%
b0.70
0.68%
b0.69
0.67%
1
—
1944
20%
Aug.
Feb
more
1946
t%s May 1,1944_
Housing Authority—
notes
or
tMar 15,
tDec 15,
1
—
United States
100
one
Maturity—
100.5
Rates
tlto%
Ask
100.4
lto%
1944
Jun
1.75
%
12,
Treasury Bills
for
discount
at
purchase
Ask
0.28%
Bid
Aug. 26, 1943
Sept. 2, 1943
Sept. 9. 1943
b0.37
0.30%
^ b0.37
0.32 %
b0.37
3.32%
0.32%
Sept.
1943
b0.37
b0.37
—T
0.32%
Oct.
30,
7,
Ask
b0.37
-
-
0.33%
b0.37
—
Sept. 16, 1943
Sept. 23 1943
1943—
Aug. 19, 1943—
100.18
b0.37
are
0.34%
b0.37
—
0.34%
b0.37
1943—
1943—
.—
0.35%
b0.375
0.35%
b0.375
>
—
0.34%
b0.375
_
0.35%
103%
103%
543/4
75 to
0—2
99
Sep
B
1%%
103^
52
18 to
"
•••7,36
C__——
U%
b0.75
Land Bank Bonds—
4s
3s
100.12
33 to
96
20.56
Bid
Banks—
Oct.
Federal
100.10
503
41c
Reconstruction Finance Corp—
15, 1945
72%
488
48 to
Co.—10
Ask
Commodity Credit Corp—
69%
100
16 to
50
Obligations Of Governmental Agencies
7
—10
53%
38%
136
6.50
18.81
24.94
1
130to
—
/
23.31
U S El Lt & Pwr Shares A—
1.23
10
25
Trusteed Amer Bank Shs—
A
Investment
1
ASeries B
92
1.12
36%
Shares—
14.16
84
311
51'A
85
tSept. 15,
Insurance Group shares
301
10
10
Travelers
2.35
1
62to
104 ¥2
80
Fulton
D—
Paul Fire & Marine
7%
45 to
47%
First
1
2
Standard Accident
30 to
100
Corn
Trustee Stand Invest Shs—
Trustee Stand Oil
ASeries A
to
101
2.41
,
Ltd—
Investors Fund C
the Manhattan
Continental
19.75
21.85
•
4.23
•
27c
5
Aviation
Bank
4.64
4.14
Inc
Common
of
Trust
7.03
United Bond Fund series A:.
Series B
Holding Corp
Foundation
4.68
5.02
29 to
•28
15.34
3.46
4.56'%
sharCBL-——^————
Institutional
7.02
3.13
Tobacco shares
Utility
5.70
1
C
27%
(NY)
Fire
Security New Haven
Springfield Fire & Marino
10 to
31
10.47
6.35
Series
28%
25%
37%
.13.55
92.62
9.60
14.43
6.65
6.38
90.78
•
A
26%
10
(Paul)
Seaboard Surety
Commercial National Bank &
•
2 to
1
6.39
5.18
shares
RR Equipment shares
Steel shares
*
7.31
6.04
Mining shares
Petroleum
7.68
6 65
5.81
—
15%
35%
10
Chemical Bank & Trust
& Clark
Investment Corp
Super Corp of Amer AA
5.54
6.98
——
54¥2
43
14.43
3.75
St
13%
31 ¥s
Fire
Brooklyn Trust
Spencer Trask Fund
State
94%
5
10
St
Central Hanover Bank &
Trqst 20
Chase National Bank
55c
Sovereign Investors
6.82
10.44
5.03
bond shares
Investing
Railroad
7.39
6.20
9.50
—
50"%
90%
5
Bank of New York—
Bankers Trust
1
Fund, Inc
Selected Amer Shares
Selected Income Shares
8.31
6.72
shares—
Electrical Equipment
Food
6.37
7.56
Building shares
Scudder, Stevens
7.43
5.79
shares—
shares
110 to
47%
10
10
Revere
21
Par
Group Securities—
..Agricultural
105 to
10
;
32
9 to
New York
Bank
lOo
Republic Invest Fund—
•V'--
19
10
Insur Co of North America
2.28
1
Quarterly Inc Shares
25
Fire
Indemnity Co/
Reinsurance Corp
Republic
(Texas)
87
V
51 to
5
5.58
—
108
Providence-Washington
41 to
10
Homestead
__
10c
Fund
45
6%
103 to
v.-
5
Republic
—
1
(Geo)
26%
5 to
1
12.50
Phoenix
to
71
8
—
1
Plymouth Fund Inc
5.53
5
American
to
30
10
Home
23.97
•
24%
—5
_
Preferred Accident
13¥a
5
Falls Fire.
J*
„
1
Series 1958
Fundamental
2.50
58 to
7.05
%
39%
Series 1955
Series 1956
9.78
34%
16%
7.85
6.40
Series 1953
Fixed
7.13
North Amer1 Trust shares
32%
46
15%
5
5.53
;«
Steel
North Amer Bond Trust
ctfs
10
29%
11.53
5.02
Railroad equipment
.
9 %
198
27%
7.21
10.49
8 Va
>188
2
10
Pacific
56
83
9.00
6.55
_
Railroad
19.52
;
Fire
2
20
'
Hartford Steamboiler
Inspect.-lO
7.55
8 to
65 to
Casualty
Pacific
40 to
35
52 to
67
Hartford
9.78
8.19
37 3/4
32 to
Hanover
9.65
•
.
6.86
8.89
Oils
32'A
18.13
5
10
Fire
7%
62 to
38¥4
140
&
4
River
36%
10
Great
Y
Northeastern
10
General Reinsurance
Corp
Gibraltar Fire & Marine
11.08
5.97
11.08
stock
Machinery
32.05
\
Inc—
Financial
First
29.81
'*
1
Fund
13.58
N
Northern
20
Globe
Metals
Equitable Invest Corp (Mass) J
Equity Corp $3 conv pfd
1
7.34
North
21
41
Franklin
Inc—
Chemical
12.97
625 ;
22 to
10
6.51
6.65
Building supply
21.52
1
Fund
5.91
Electrical equipment
Insurance stock
8¥8
92
19
Fireman's Fd of San Fran——10
Firemen's of Newark
5
4.87
51%
New Brunswick
New Hampshire Fire
New York Fire
20%
Fire Assn of Phila
7.43
78
48%
Fire
Amsterdam
10
Fidelity & Deposit of Md
3.54
6.75
4.40
,
...8
Federal
7.55
3.14
Automobile
Bank
Howard—
Balanced
1.43
6.98
common
Aviation
25c
Shares
1
Agriculture
21.22
7¥a
600
Employees Group
;
Employers Reinsurance
1.31
—
2.50
>
Dividend
3.70
41%
87
York
Glens
New York Stocks
Union
New
Connecticut General Life
Continental Casualty
--
4.80
•
-
12.09
Preferred stock series
New England Fund
Diversified Trustee Shares—
C
11.06
series
Low priced bond series
31
111
•
City of
Income
118
Insurance—
Cumulative Trust Shares
Camden Fire.
_25c
74 Va
5
Liberty
National
4.88
11.16
•
voting shares—
National
17 to
38 ¥4
5%
12 Va
10
61%
100
22.63
7
Fire
60
Boston
4.42
shares
Mfrs
15 ¥4
25
21.05
National Investors
Corp
National Security Series—
2.28
Series
B
58%
2 to
10
Securities—
series
&
57 to
10
10.38
Inc
10 to
loto
10
;
New
Merch
—25
1
Fund
Fund
Surety
;-l
Trust
Investors
5.10
4.69
1
Investors
Mass
2,520
140
9%
5%
Merchant Fire Assur
12 to
15
10
Baltimore American
Bankers & Shippers
8.84
5
National Fire
Reserve.
Automobile
21 ¥«
Xl0%
2 to
Re-Insurance
American
39.30
8.04
Casualty_5
American
7.19
94.00
42to
_1
Maryland Casualty..
Massachusetts Bonding
123/4
20 to
5
&
American
4.89
6.51
16.39
3.05
—1
Securities
Preferred
4.40
92.12
♦
Reputable
American of Newark
14.40
Fund
Loomls Sayles Mut Fund
Loomis Sayles Sec Fund
11 to
Ask
39to
Knickerbocker,
24%
Bid
20
78
223/4
American Fidelity
11.52
Manhattan Bond Fund Inc—
Common
10c
Maryland Fund Inc
10c
18.40
29.88
•
Century Shares Trust
Chemical
17.11
27.64
1
Ltd-.,
13.14
10.46
Knickerbocker
--
5
5
Ltd——1
Inv
Christiana
3.81
10
;
Street Invest Co Inc
Canadian
•;
35 to
74 to
10
American
19.49
27.62
S-2
3Vi
.4to
1
33 to
25
Alliance
American Casualty
17.83
17.66
25.17
—
10
Par
Jersey Insurance of N Y
-
145 to
American
10.53
16.29
-
Life
Ask
•57
137 to
Agricultural
19.05
9.59
Series S-l
Bid
54 to
10
Aetna
28.81
17.31
.
Aetna
33.15
^6.25
B-4
5
Consol
30.23
B-2————
Series
Scries
preferred-,
Bullock
Series
3.69
A6%
Basic
24Vi
14.31
Shares—
Par
Ask
Aetna Casual St Surety—10
B-l
3.36
ACommon
Boston
Series
13.19
Oil
Axe-Houghton Fund Inc
Bankers
Bid
Keystone Custodian Funds-
1
Stand
Broad
Far
Foreign Investing_10c
American
Assoc
Insurance Companies
/.;/. Ask
7.74
;
Affiliated Fund Inc
AAmerex
Bid
1
lto
Aeronautical Securities
Other Issues
•No
.1946
106 to
106 to
.1947
108
108 to
.1961
*
128 to
130
s
par
value.
*
Odd
Cash sale—not Included
bonds
are
subject to
all
in
lot
sales,
range
Federal
b Yield
for year.
taxes.
price,
d Deferred
x-Ex-dividend.
AQuotations
not
delivery,
y Ex-rights,
furnished
tin
r
Canadian
market,
default.
by sponsor
or
issuer.
tThese
.
THE COMMERCIAL
184
Monday, July 12, 1943
& FINANCIAL CHRONICLE
Week
BANK CLEARINGS
THE COURSE OF
compared with a year ago. Prelim¬
inary figures compiled by us, based upon telegraphic advices from the chief cities of
the country indicate that for the week ended Saturday, July 10, clearings from all
cities of the United States from which it is possible to obtain weekly clearings will
be 1.5% below those for the corresponding week last year.
Our preliminary total
stands at $7,396,453,244, against $7,506,175,786 for the same week in 1942
At this
center there is a loss for the week ended Friday of 0.9%. Our comparative sum¬
this week show a decrease
Bank clearings
Clearings—Returns
\
West
-nn
Virginia—Norfolk
6,119 000
5,327,000
53,861,951
1,961,732
101,763,808
+ 50.8
Total
Columbia—Washington—
276,097,197
132,683,619
109,500,000
101,300,000
—
•
176,215,000
172,929,367
Ban Francisco
Pittsburgh
Cleveland
92,422,737
All cities, one day
+15.1
1,325,155
+ 55.7
+53.7
996,891
928,240
25,748,611
30,353,000
Alabama—Birmingham
4.0
+
43,337,781
30,281,947
+43.1
7.5
—
$7,396,453,244
.——-—,
5.2
—
200,688
140,405
+42.9
52,316,487
+60.9
49,664,934
354,739,843
1.4
+
(10 cities)
Seventh Federal Reserve
$6,242,110,633
234,789,619
+51.1
196,254,816
163,204,906
1,264,065,153
+ 10.7
$7,508,175,786
1.5
797,164
'
Indiana—Fort Wayne
South
Terre
by Federal Reserve Districts:
.
1st
Boston
Ids
New
York
Philadelphia
tth
10
**
7
6
10
17
4
7:
10
810
+ 33.6
3.282.343
+ 118.3
Richmond
6th
Atlanta-
7th
Chicago
6th
St.
—
Louis
Minneapolis
10th Kansas City
pth
—
;
llth Dallas
I2thS»»fl. FranciscoI Total
i—
■
666,441,126
+ 49.0
+
278,290,568
7.447.344
+ 15.8
25,617,401
1,472,319
+ 44.3
23,519,725
1,827,542
+ 24.1
1,564,291
14,763,725
13,839,847
+
6.7
11,204,718
6,940,114
;
.
5,263,357
+ 31.9
4,315,650
+ 83.5
353,742
419,983
+ 44.4
382,981,836
287,946,724
3.1
1,159,689
1,123,967
4,297,769
2,009,000
City
Illinois—Bloomington
509,144
277,432
529,212,644
366,505,757
1,331,008
1,290,507
3,999,222
+
4,861,222
+ 21.6
2,114,184
+ 21.7
1,981,233
+
6.1
1,577,348
663,943,460
467,795,690
...
Rockford
,
Springfield-
(17 cities).
200,884,261
130,672,539
"
125,-740,508
.
d.fj
9,904,193,047
4,702,059,219-
Outside New York City
7
,143,382,704
406,377,880
+ 41.9
1,717,826
374,665,963
482,682,035'
Eighth Federal Reserve District—St. Louis—
166,900,000
110,500,000
+51.0
111,600,000
82,400,000
73,669,184
Missouri—St. Louis
47,718,720
+54.4
46,462,240
32,012,742
Kentucky—Louisville
36,622,384
1,099,000
24,996,725
+46.5
24,003,275
712,000
+54.4
829,000
16,875,531
691,000
278,290,568
183,927,445
+51.3
.182,894,515
131,979,273
Tennessee—Memphis
Illinois—Quincy
Total
(4 cities)—:
—
Ninth Federal Reserve
.
—
District—Minneapolis-—
St.
3,743,836
4,033,129
85,709,468
34,074,066
+ 62.3
87,968,708
67,804,191
+ 41.6
30,293,272
26,711,218
3,019,725
1,247,972
1,711,560
+ 76.4
989,321
+
26.1
879,353
854,640
+
2.9
4,113,947
3,300,355
+ 25.6
—200,884,261
130,672,539
+53.7
Minneapolis
Paul.
North
3,694,262
5.4
4,252,511
139,088,450
48,252,303
Minnesota—Duluth
:
Dakota—Fargo
j
:
-
•
+
<•-
*
2,670,451 *
V
2,244,875
"728,580
1,105,044.'
808,706
864,8601*"
3,773,511 +
•
3,301,651
193,726
482,682,085
182,894-,515
131,979,273
+ 53.7
+ 39.4
+
130,370,108.
105,343,057
162,367,596
J 74,390,782
129,503,064
60,110,554
261,408,229
.
46.9
: + 46;0\
+42:5
6,625,656,537 '* 5,446,150;328
3,044,445,641
2,422,447,671
+ 140.6
-"
3,378, 007
+ 13.9
-
71,817,218
40,650, 804
v
—
Kansas—Topeka
St.
\: ' 4 '•
151,883
'' 1
'
—
;<y
2,823,918
+ 76.7-
33,991,163 +
0.3' :
3.163,106
'
112,711'
vY
167,217*
•
125,178
3;796,357
27,480,591
.
2,787,965
,;
*
6,327,348
4,666, 871
144,817, 478
4,971,475
4,143 888
*+
*
Joseph
2,318, 612
2,311,057
,
190,602,042
.Wichita*
Missouri—Kansas City
237,802,202
.
:v
105,343,057
-:*%•+ -:C';
+ 41.5
137, 985
3,848,131
Hastings
'
...
136, 898
331,952
Nebraska—Fremont
Omaha.,
41.9
130,370,108
.V."
J-'.li.
Tenth Federal Reserve District—Kansas City-
Lincoln
51.1
\
•
•
148,041,578
163,204,906
374,665,963
•
total (T cities).
299,528,047
156,700,410;...
196,254,816
37.7
202,330,197
80,827;750 V++55.6-
6,783,911,136
3,299-,719,179
>.
+ 51.3
335,450,606
492,900,823
"
•
+
:
282,014,270
V
'■•
-
3,825,640
2,398,925
2,102,056
Peoria
1,166,511
9,972,234
7
5,452,892
2,572,550
Chicago—
Decatur
;
+
234.789.619
467,795,690
183,927,445
663,943,460
22,629,000
2,143,726
6,377,016
23,326,551
5,187,102
7,188,864
$
545,424,288
402,559,307
+ 38;5iv
447,187,676
200.560.618
354,739,843 J
"
"
2,424,729
,
8,658,305
Des Moines
246,211,100
3,750,026,015
49.4
+
1940.
$
307,368,040
+ 23.4
515,551,029
276,097,197
111 cltiei
-
Dec. %
3,640,194,930
V
l,b»2,x29
36,966,274
Montana—Billings—
1941
Inc. or
$
344,623,037
5,437,781,207
700,100,868
"
"
"
Cleveland
6th
1942
-
425,258,916
12 cities
12
" ; -
+ 28.5
2,682,333
476,422
3,121,736
CLEARINGS
BANK
$
:
5d
1947
+ 49.3
421,467
3,975,521
2,327,4/6
2,735,135
26,528,000
+ 53.4
25,649,000
Haute
Total
f'
3.5
—
7,164,085
Iowa—Cedar Rapids
Sioux
3,417,457
2,202,745
3,447,463
Helena
July 3
+50.1
34,260,000
Bend
South Dakota—Aberdeen
Federal Reserve Districts
•
826,209
5,240^981
3,289,'l53
/
Rapids
Lansing
+
OF
3,284,840
26,503,961
->
2,811,309
241,230
District—Chicago—
Michigan—Ann Arbor-'—
3.9
—
week covered by the foregoing will appear
furnish them today, inasmuch as the week
ends Saturday and the Saturday figures are not available at time of going to press.
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
we are able to give the final and complete results for the week previous—the week
ended July 3.
For that week there was an increase of 46.0%, the aggregate of
clearings for the whole country having amounted to $9,904,193,047, against $6,783,911,136 in the same week in 1942. Outside of this city there was an increase of 42.5%,
the bank clearings at this centre having recorded a gain of 49.3%.
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 show
an expansion of 49.4%, in the Boston Reserve Disrtict of 23.4%
and in the Phila¬
delphia Reserve District of 38.5%., In the Cleveland Reserve District the totals
register an increase of 49.0%, in the Richmond Reserve District of 37.7% and in the
Atlanta Reserve District of 51.1%.
The Chicago Reserve District enjoys a gain of
41.9%, the St. Louis Reserve District of 51.3% and the Minneapolis Reserve Dis¬
trict of 53.7%.
In the Kansas City Reserve District the improvement is 39.4%, in
the Dallas Reserve District 55.6% and in the San Francisco Reserve District 46.9%.
SUMMARY
+45.3
4,930,198
Total
Complete and exact details for the
in our issue of next week.
We cannot
a summary
+58.1
84,193,157
Mississippi—Vicksburg
Louisiana—New Orleans
Wisconsin—Milwaukee
furnish
+64.2
89,600,000
19,865,000
19,225,823
— 2,137,022
242,490
37,104,586
Indianapolis
Total all cities for week
5,378,376
24.8J3.930
*
2,163,838
Mobile
1.1
+
—14.8
Grand
$5,997,044,370
1,399,408,874
—————
1,879,868
2,063,457
39,564,608
Macon
—16.9
1,201,292,205
1,217,970,13U
—
Total all cities, five days-
Ended
4,479,549
18,859,564
59,100,000
1,262,632
.
—12.8
$5,040,818,428
,—'
cities; five days
Other cities, five days
Week
148,041,578
130,200,000
Augusta—
111,203,372
127.863,864
Baltimore
V
28,536,010
34,150,817
156,700,410
Florida—Jacksonville
—20.4
146,568,256
127 863 864
we
'
5.8
4,185,524
17,019,081
63,400,000
1,078,886
—16.4
^7,996,128
City
St. Louis
following
1,733,352
78,197,769
+37.7
8,831,543
39^254!575
Georgia—Atlanta
—10.3
477,000,000
278,101,404
221,393,390
Boston___
0.9
—
340,415,697
JS'SSS'SSS
In the
3,770,000
35,855,477
1,480,991
77,732,121
38,893,815
:
200,560,618
38,992,041
1
(6 cities)
36,871,277 ' +
$
666,979
2,939,000
+34.4
153,483,404
Maryland—Baltimore
$ a'.;
785,657
+14.9
+36.3
2,636,673
Carolina—Charleston
1940
'1941
J:
+84.3
73,437i888
Richmond
District of
774,850
1,428,191
Nashville—;
$3,096,201,713
305,242,097
Philadelphia
Ten
Virginia—Huntington
South
1942
194*L
$3,068,441,790
i
Chicago
Kansas
3
Fifth Federal Reserve District—Richmond-
Tennessee—Knoxville
■:
"
York
New
July
or
Sixth Federal Reserve District—Atlanta-
by Telegraph
July 10
Week Ending
Inc.
Dec. %
$
$
for the week follows:
mary
Ended
1942
1943
•
„
892 289
fi/i 701,563
Colorado—Colorado Springs
282,014,270'
ToUl (10 cities)
+ 31.6-
112,528,096 -;v
f
y
—21.4.:
202,330,19T
-
2,525,481
579,930 ';VV;
—23.4
1
'
-
'
162,367,596"
.r
632,267'
'
821,882? *
+39.4"
«
86,979,984' •
"
1.187, 365
4,244,477
.
—
+ -.3,556,8091
+ 20.0 " *
*
903,758
£-:
.4,583,592-+
»;+'35.«r+
818,053
-
129,503,064 +
.
-V"
f
;
Eleventh Federal Reserve District—Dallas-
439,673,709
32 cities
Canada
443,857,485
394,900,506
429,851,823
0.9
—
Texas—Austin-
:
i fe
We now. add our
detailed statement showing the figures for each
city for the
for four years:
Week ended July 3
1942
'
Total
*
■
'
Fall
River
Lowellt
V
New
Bedford
5,495,281
Springfield
3,159,971
Worcester
740,787
204,452,582
884,027
671,042
Oregon—Portland
<
2,000,981
37.2
391,095
45.1
713,037
649,400
2,877,857
3,461,571
+
23.2
2,415,348
2,473,245
11,332,612
411,649
15.9
13,929,992
+
25.9
5,906,450
+
29.6
6,004,101
5,660,399
14,865,800
+
36.2
15,405,100
12,945,500
1,386,965
+
1.1
1,668,851
307,368,040
San
Santa
1,198,477
+
42,700,000
854,893
878,767
York
1,016,961
5,202,133,828
Rochester
13,013,905
3,484,191,957
10,082,360
7,294,481
5,928,993
6,786,317
7,392,827
Elmira
Syracuse
Connecticut—Stamford
95.8
28,457,657
56.0
1,389,101
31,000,000
28,800,000
+
35.5
577,283
+
15.7
1,023,710
912,913
Scranton
Wilkes-Barre
York
Jersey—Trenton
+ 40.5
18,168,965
15,810,461
6,175,793
+ 37.6
1,375,364
3,523,194
3,738,285
3,001,334
+ 65.4
2,930,644
3,045,464
190,057,816
+ 42.8
134,849,574
136,917,000
2,726,865
+ 63.3
2,668,350
2,967,814
1,371,117
1,402,120
3,080,412
3,000,941
335,450,606
+46.9
261,408,229
237,802,202
6,783,911,136
+46.0
6,625,656,537
5,446,150,328
3,299,719,179
+42.5
3,044,445,641
2,422,447,671
114,102,847
Winnipeg
56,405,787
72,312,963
—22.0
5,616,602
Vancouver
25,851,370
—11.3
20,549,802
73,855,174
18,098,418-
5,636,683
Ottawa
22,920,038
49,623,604
4,372,697
3,418,011
5.8
62,548,222
27,520,725
—20.1
5,664,461
4,623,826
0.3
3,407,123
3,207,520
0.5
7,036,517
7,125,885'
8.3
7,066,384
6,216,705
+ 18.1
2,198,569
2,584,967
5.0
24,172,672
21,904,314
38,410,627
+
7.3
31,322,798
30,412,174
—
—
8.2
655,813
Montreal
—
Quebec
Halifax
Hamilton.
.
—_—,————
+49.4
3,750,026,015
3,143,382,704
St.
John
5.0
673,752
572,070
4.9
1,352,844
724,322
Regina—
3.0
709,221
424,498
Brandon
1,604,047
—70.2
499,000,000
+ 36.5
1,248,673
+
47.2
2,273,34G
1,787,600
Moose
2,191,027
+ 82.7
2,652,977
3,193,164
Brantford-
1,307,793
+ 29.3
1,042,965
998,681
1,667,098
5,885,800
700,100,868
515,551,029
+
+
—
1,412,165
1,363,262
517,000,000
389,000,000
Jaw—.
1,610,313
1,566,883
New
16,696,700
6,747,400
—
2,989,653
2,403,155
+ 60.8
75,478,954
+ 53.2
76,163,553
57,719,753
42.4
133,306,826
103,205,553
+ 39.2
11,773,300
11,479,700
2,600,879
1,716,910
2,308,810
—25.6
3,053,787
289,603,831
186,052,186
+
—
9.2
+ 55.7
+43.0
,
+
3,599,629
3,149,209
5,319,856
4,336,213
+ 18.5
5,368,227
4,735,658'
3,762,414
7.9
435,778
430,717
-
+
8.0
459,694
589,200
,
+ 27.3
572,546
531,729
6.7
1,752,563
1,406,911
9.5
630,750
*566,029
1,491,567
+
675,234
616,396
+
3.3
1,243,327
1,081,891
1,123,255
—18.0
1,282,025
1,058,904
928,961
—15.8
829,427
714,734
317,567
238,697
+ 33.0
325,757
242,407'
797,946
Westminsters
684,595
+ 16.6
736,278
945,316
—
665,211
720,502
-
1,043,915
—31.0
640,698
889,528
1,121,328
Bherbrooke
1,198,946
—
6.5
1,136,263
1,200,755
4,348,639
4,376,207
—
0.6
3,904,267
3,046,767
431,494
338,743
994,488
927,860 ;
464,271
Moncton
443,515
1,108,689
Prince Albert
1,346,654
712,470
642,044
Kingston
+
4.7
•
—17.7
—
9.9
772,073-
695,993
550,466
648,584
—15.1
778,438
624.011
638,112
Chatham.——
375,589
+ 69.9
465,927
459.012
966,673
+
2.8
1,209,439
.
939,544
120.627.245
.
;
!
;
996,435
2,470,543
172,125.467
2,898,280
+ 32.3
—
921,025
1,622,098
10,671,100
2,046,130
—11.9
5,305,375
1,775,000
781,826
Windsor
2,821,649
1,910,670
2,768,418
914,393
Medicine Hat—
406,377,880
+
1,591,774
William
1.2
545,424,288
—
2,485,378
749,868
Saskatoon
2.0
+38.5
+
6,003,109
6,576,429
6,008.066
4,458,729
465,341
Lethbridge
Fort
3,408,315
7,020,312
Edmonton
1,270,011
—
5,471,751
+
2,439.203
626,580
—
46,909,655
7,122,300
2,934,154
1,634,446
London
447,187,676
63,361,386
131,636,274
9,482,189
4.0
666,441,126
106,917,294
3,023,702,657
166,486,393
-
114,524,004
107,279,172
5,837,935
+
3,368,584
V;"-
117,153,774
10,708,967
14,850,700
;
$
4.5
3,608,210,896
Cleveland
Mansfield
—
49.3
Columbus
Pennsylvania—Pittsburgh
127,692,259
S+"
29.1
4,537,041
115,613,900
237,059,957
-
Dec. %
+
390,649
750,000
1940
1941
Inc. or
$
+ 23.0
25,581,840
3,640,194,930
July 1
1942
+
District—Cleveland—
Ohio—Canton
33,962,759
18,665,013
1943
Kitchener
/
•
35,581,994
44,433,626
.
Peterborough
'
(7 cities)—
49,027,319
1,349,028
+ 56.8
121,931,519
5,814,000
Reading.
Total
'•
+ 49.6
Toronto
1,691,461
1,700,427
Philadelphia
Youngstown—
■
+ 35.0
Week Ended
681,000,000
1,838,224
4,002,846
Lancaster
Cincinnati
"
+ 54.0
^ $
594,956
Chester
Fourth Federal Reserve
-
492,900,823
York
Canada—*
1,207,357
772,817
1,478,780
Bethlehem
(10 cities)
\
+ 15.4
6,766,171
588,820
5,437,781,207
*"
Total
"
+ 24.7
384,371
District—Philadelphia—
Pennsylvania—Altoona
;
i(
9,904,193,047
4,702,059,219
(111 cities)
Victoria
New
60,110,554
'
1,339,502
(10 cities)
Total
Calgary
(12 cities)
74,390,782
+55.6
•1,500,000
4,407,904
—_
1,346,745
+ 57.1
375,063
Northern New Jersey
Third Federal Reserve
1,288,062
3,171,404
49,934,069
14,528,243
26,868,918
41,231,410
—
Newark™
Total
2,873,000
2,945,988
Barbara
Stockton
Total
23,303,540
Jersey—Montclair
0.8
59,104,226
8,499,893
Jose
Grand
67,100,000
1,157,929
New
80,827,750
4,963,343
271,366,994
4,451,931
1,670,735
-
San Francisco
246,211,100
68,933,032
1,869,363
York—Albany
Buffalo
New
;
1,138,118* "
3,143,005.:
+ 19.4
—
York-
Binghamton
i
5,859,495
'
4,365,000
1,413,113
+23.4
Pasadena
Outside New
Jamestown.
2,997,000
45.148,366
: "
26,217,193
California—Long Beach
61.8
+
New
—15.7
1,770,227
*
78,301,744
-
+
344,623,037
Second Federal Reserve District—New
2,862,000
•1,200,000
90,995,686
-
Yakima
+
+
,i 8,915,387
2,025,400
Washington—Seattle
824,102
309,165
425,258,916
Total; (12 cities)—
3,235,831
259,014,851
3,395,419
2,565,224
14,520,916
—
1.6
+
56,276,982
+ 19^
"
125,740,508
Utah—Salt Lake City
Connecticut—Hartford—18,276,138
New Haven.
7,655,289
Island—Providence
20,246,900
New Hampshire—Manchester
1,401,708
Rhode
759,560
807,396
5.9
+
•
:
+ 74.6
+ 69.1
++.'';V
+
*
4,305,535
295,033,209
1,920,290
1,622,201
10,010,549-;
Twelfth Federal Reserve District—San Francisco—
-+22.4
769,465
814,572
4,372,302
361,266,190
1,016,435
358,259
1,195,871
1
(6 Cities)—
* %
First Federal Reser veDIstrlct—Boston-
■
—
1940
1941
Inc. or
Dec. %
$
$
Portland
Galveston
i
Wichita Falls
Clearings at—
Massachusetts—Boston.
;
-
Louisiana—Shreveport—4,328,391
Week Ehded July 3
Ma in e-»-Bangor
Fort Worth
60,768,000
2,832,459
102,734,247
♦12,000,000
2,413,119
1,432,292
;
-
Dallas
402,559,307 "1. 299,528,047
Total
(32 cities)-
-•Estimated,
-
439,673,703
443,857,485'
—
0.9
~
429,851,823
394,900,506
,
Volume
Number 4193
158
COMMERCIAL & FINANCIAL CHRONICLE
Liabilities—
(Continued from page 156)
Bellefonte
Central
Calendar Years—
First
Operating
revenues
1942
■
expenses
;
1941
v:
$149,732
87,435
:
Premiums
Net
~
$63,002
___
$40,402
6,287
dperatingrevenue____-___~------.-~-
Taxes
6,666
—
operating
$56,715
Long-term
Traffic
$33,736
706
income.
555
Miscellaneous income
Gross
Hire of
income
Other deductions
accounts
rents
231
Other
tax
$49,698
$22,209
12,740
10,934
sinking fund-
*
•:
■ ■
transferred
.•
to
Balance
:■
$11,276
$36,958
profit and loss.
Sheet, Dec. 31, 1942
65,801
i_—
liabilities
5,071,771
8,926,800
4,712,000
582,956
759,642
1,161,972
683,454
7,933,438
2,834,321
reserves.
Profit and loss—balance
—V.
stock, $445,450; long-term debt, .$170,500; ac¬
payable, $1,655; unmatured interest, $1,140; tax liability, $2,561;
$1,655; unmatured interest, $1,150; tax liability, $2,561;
surplus, $134,449; profit and loss, Dr$21,088; total, $759,320,—V. 155,
P. 1915.
;V,..Y.
.....
______
158, p. 83.
The
Operating
revenues.—
$935,230
Operating
expenses....
600,404
62,521
67,231
Federal
Other
taxes
...
taxes
Property retirement
the
business
of
$820,412 $10,817,566
July
which
6,698,753
5,801,517
69,856
640,832
666,265
64,550
800,196
754,579
67,833
689,165
50,000
of
W.
The
oper.
Other
Corp.—New Comptroller—
Charles
member
of the
Boston Edison
Hummel
as
committee.—V.
Gross
-
number
kilowatt
of
For
preceding
14.9%
3,707
3,707
$1,579,726
Bristol-Myers
616
$1,984,913
11,299
7,371
fnt.
bonds—
int.
42,000
deducts.
mtge.
on
Other
5,369
$1,996,212
534,000
549,000
61,335
56,185
income
$90,594
$85,580
$1,400,877
Balance
w:
available
32,025,000
as
4,
1942,
f-V.
$973,176
Profit
for
A
$552,738
dividend of
stock,
p Booth Fisheries Corp. (& Subs.)—Earnings^Years Ended—
and
Cost
sales
of
Oper.
and
Patent
Int.
May 1, '43
Apr 25, *42
$10,429,300
charges,
10,083,561
7,566,353
compared
increase of
3,063,798
2,515,503
2,633,454
28,773
6,469
27,695
exp._
idle
The
—
Cr4,181
—
.
Prof, before other
and
come
income
Other
income
Net
in-
L__
$840,473
$319,749
22,839
16,605
Prov.
Fed.
Exchange
$1,428,428
$863,312
taxes
*999,757
t434,343
83,790
loss
~~*version
of
on
net
1.2
stock
p.
shares
"
Divs.
'
profit
have
$172,500.
Cr388,213
$428,970
312,476
:-5 58,535
38,881
,
trawlers,
after
Federal
and
taxes
surtaxes
of
Prov.
$212,150;
for
Net
prepaid
$1,296,034;
$96,637),
Sheet,
receivables
May
(less
1,
for
doubtful
inventories, $619,604; supplies
investments, etc.,
$292,414;
plant
total,
(net), $1,964,259;
possible
of
for
&
life
on
earned
Income
for
Account
Calendar
.
Operating revenues
,
______
Operating expenses
.■
Railway
Railway
Net
operating
rents—Net
Dr—
income
income
Rental payments
Interest on debt—fixed
for
Interest
in
banks,
on
unfunded
and
$15,751;
tion
of
total,
after
Income
*Includes
in
,
of
net
inc.)
General
*
Balance
Sheet, Dec.
'
'
<
Assets*™™*
Total
—
Cash
-
in
transit—agents'
i.:
•
remittances
;__
Temporary cash investments
Loans
and
bills
—
receivable
Material
Interest
Rents
Other
and
and
accounts
current
593,409
33,000
804,134
490,074
208
—
.
"incentive
induce
them
Holthusen
Mr.
1943,
mitted
to
recoup
the
4,299,775
111,119
4,834,962
3,565,746
The
_______
289,145,921 277,590,842
have
court
July
to
told
1942,
and
$75,222
U.
he
S.
funds
in
and
bank,
amortiza¬
charges,
advances
$56,056;
Government
on
accrued
Court
at
Philadelphia,
stock.
this
provides
additional
the
that
right
restrain
that
to
to
that,
in
this,
choose
of
their
the
best
of
the
reason
in
was
for
order
company
services.
conversation
a
the
total
the
it
100,000
that
the
directors.
objected
from
due
dividends
brokers
receivablen
$301;
expenses,
total,
157,
1144.
p.
of
the
Burry
with
The
facilities
in
and
wafer
July
on
corporation.
baking
business
N. Y.,
by
1
Peterson
the
# n
of
assets
.
the
manufacturer, for
George W. Burry,
estab-1
company,
Bush
with
he
had
300,000
his
that
Mr.
1942
sales__
on
!
profit
V
principally $37,618
and
$35,575
gain
interest
and
disposal
on
912,374
$1,274,424
of
74,708
40,637
$1,904,088
13,003
$1,315,062
27,808
1,248,119
income
406,000
deductions
refund
board
excess
tax
of
be
$736,196
and
the
board.
per¬
authorized
He
ended
vear
Dec.
31
$134,975 in 1941.
Sheet,
Dec.
31,
$2.33
amounted to
-
$188,211
,
,
stock¬
Assets—Demand
denosits
in
banks
and
cash
on
hand.
$653,724;
contracts,
and
accounts
receivable,
$2,587,709;
inventories,
$3,203,014; employees' deposits for purchase of war savings
bonds,
$15,664; contracts receivable, $79,793, and miscellaneous receivables
investments,
$93,230;
plant
in
equioment
$1,679,293;
patents
$49,799;
investment
and
land
and
post-war
allied
(less
refund
of
excess
profits
tax,
corporations
allowance
for
(after reserve), $130,000;
depreciation of $1,368,426),
(including $89,831 not used in onerations), $494,421;
$1; prepaid expenses, $86,447; total, $9,070,095.
goodwill,
Liabilities—Accounts
payable,
$892,225; due to the United States
price adiustment under final renegotiation settlement
$3,200,000; accrued expense other than taxes, $133,092;
roll, property, and sundry taxes, $138,763; provision for
Government
as
to Dec. 31, 1942.
accrued
pay
Federal
excess
profits and income taxes
(less
U.
S.
Treasury
anticipation notes and accrued interest of $1,001,870), $247,482;
ployees' deposits for purchase of war savings bonds, $15,664;
tax
em¬
operating
$37,500; capital
paid-in surplus. $414,699;
reserves,
—V.
stock
earned
(378,680
no
par
shares), $2,160,129;
surplus, $4,405,369; total, $9,070,095.
156, p. 2224.
California
Onerating
Electric. Power
oper.
Taxes,
Prov.
expenses
other
income
Net
for
than
taxes
oper.
(&
Sub.)—Earnings—
1943—12 Mos.—1942
$492,960
18,910
265,480
238,550
192,159
Maintenance
Other
Co.
1943—Month—1942
$626,144
20,916
revenues—-
140,293
2,085,478
1,826,245
$6,504,175
$5,628,563
Fed.
—
revenues—
Net
depreciation.. !"
oper.
Other
revenues...
income,
net
52,231
51,687
$360,838
$282,070
634,475 '
$3,518,742
628,918
$2,934,850
68,327
61,680
859,140
670,871
; $292,511
$220,390
$2,659,602
$2,263,979
3,551
4,022
43,427
$296,062
$224,412
$2,703,029
$2,309,577
99,533
102,611
1,213,640
1,244,353
5.897
5,899
71,494
70,765
1,160
1,158
18,452
14,889
$189,473
income
Interest
of
debt
Miscell.
proposal to be considered by the stockholders at the meeting
according to Mr. Holthusen is "to refund preferred stock
He said he does not object to this.
Net
$114,744
$1,399,442
$979,570
Prov.
Net
deductions
income
for Fed.
income
;
45,598
disct.
expense
asked
also.
i
1942
notes,
Amortiz.
of
378,680
$1.94
Balance
and
members
$881,253
473.350
share
common
might
y.;
claiming that only the
Cr93,230
Not*—Depreciation for the
Gross
directors
profits & inc. taxes
credit_^
profit
Dividends paid
1942
$2,186,798
1,060,966
expenses
Net
in
------
$2,890,346
$1,829,380
income,
Post-war
$2,186,7£|8|
15,645
Provision for Federal
.
1941
-
$2,874,701
earned
with
shares
being
he
to
depression.
too,
the
purchase, Mr. Burry announced the appoint¬
Heitman, long associated with the Peterson enterprise
capacity, as General Manager of the Brooklyn plant.
157, p. .2445.
13
arrearages."
$810,870; ' deferred
corporation
Period Ended May 31—
officials
give
that
the
in
and
fixed- assets
notes
Canadian
depreciation
District
and
and
of
lost
Vi
$187,617;
interest
■
the
Earnings per
$3,819,495;
and deferred
important
it
banks,
executive
Income
in
31, 1043
hand,
on
$1,648,442;
him
him,
one-third
also
three
A third
on
....
in
March
and
prepaid
.affidavit
an
to
"fortune"
Holthusen
holders
the
in
latter
take
plan
elect
Mr.
113,000
36,592
2,381,435
Sheet,
common
with
in
$7.27
for doubtful notes and accounts of
cost on Government contracts, $562,-
to
including $454,375 in United
without any adjustment for
but
Terminal, makes
wafers, which will augment the branded
baking lines
and distributed by the
Burry organization.
discount
•
.
1,137,083
'
reserve
the
of
remain
allocated
608
to
to
the
be
1,387,639
10,274
shares
stated
Budd
would
2,830,202
2,490,275
assets
assets
of
bookkeep¬
:
and
compensation"
2,168,889
113,000
Unadjusted debits
Total
300,000
87,741
receivable
receivable
Deferred
681,719
:
•
324,881
$6.15
proposed
5,580,274
_,
agents and cond...
receivable
supplies
dividends
of
4,435,423
Net balance receivable from
Miscellaneous
$
253,260,921 256,091,899
10,638,101
5,656,343
974,643
324,881
v
K., Bard
was
Mar.
on
of William
Other
$2,363,236
plan, according to Mr." Holthusen, as outlined by
Edward G.
Budd, President of the company, in a letter to stock¬
holders dated May 5, would permit him and other
key officers and
employees to purchase the shares at a price equal to 125% of the
market value of the stock at the time the
options were issued to
them.
According to the petition, Mr. Budd described the plan as
1941
4,040,000
:
Special deposits
block
31
$
investments
Cash
$2,000,145
expenses,
Guy
company
market
unaudited
Balance
150,000
324,881
payable,
the
at
Sheet, Mar. 31, 1943
accrued
Selling, administrative, and general
45,208
hearings July 8 on a suit filed by Henry F. Holthusen, a New
attorney,
holder
of
5,000
shares
of
common
stock,
for
an
injunction restraining the company from putting into effect or sub¬
mitting to the stockholders at a meeting scheduled for July 13 a plan
to issue
options to "key executives" of the company to purchase a
Revenue
in
Gross
1,259,159
150,000
$1,287,060
receivable,
$42,683;
property (less reserves for
$15,863,219.
The
1942
1,758,877
1
accounts
plant
Judge
100,834
Internal
1,324,786
transit,
$1,227,504), $1,660,775;
the
Years Ended Dec. 31
1,592
$53,584
amortization.
(less
by
Gross profit
Commissions
155,200
—
York
$7,141,440
of
34,916
held
——
$12,559,015
for interest paid Collector
prior years' income taxes.
>.
•
'
(avail,
$433,733
settlement
-;
charges
146,342
15,487
(Edward G.) Budd Manufacturing Co.—Stockholders
Would Enjoin Option Grants to
Key Executives to Buy
Common Stock—
3,237,804
*436,382
190,459
fixed
191,870
salaries, wages,
$400,736; accrued taxes (less U. S. Treasury tax notes
of $1,001,500), $271,415; real estate
mortgages payable, $33,552; general
reserves, $450,000; common stock, $2,521,132; capital
surplus, $1,178,748; earned surplus, $8,661,004; total, $15,863,219.—V. 157, p. 1047.
and
1,334,526
3,167,222
;
.
$4,155,653
contracts, $238,669; due to salesmen, $459,520;
$19,226,855 $13,867,908
3,405,067
3,375,311
interest
debt
$4,116,379
$3.96
in
1943
29,
market,
and
owned,
of
assets
of $1,125,177,
$54,385;
value
net
Byron Jackson Co.—Earnings—
59,386
649,762
and
asset
shows
Peterson
an
—V.
$4,096,267
63,614
share..
depreciation
total
May
at
hand
officer,
notes
Years
1942
1941
$77,646,670 $59,203,411
49,350,039
40,297,472
Other deductions
On
assets
$17,146
._
the
report
$1,059,607.—V.
In connection
in
$2,372,335; deferred
inventories, $6,994,764; cash surrender value of insurance on life
$154,070; due from Bulova Watch Co., Ltd., $185,083; other
207;
of
;
1,161,622
total,
processed
1941
$4,052,765
150,000
in
tax—(prior
558,259
officer
deducting $166,411
Assets—Cash
surplus,
$17,514,700 $11,814,603:
—....—...
1942
48,426
year____.
common
$17,326
587
stock
:
1942
bonds
on
1900,
ment
.
$15,821,788 $10,492,598
1,692,912 ; 1,322,005
income
Total
1,
sold,
of
profits
Consolidated Balance
$28,296,631 $18,905,939
9,069,776
5,038,031
...
operating income
and joint facility
railway
Other
operations
tax accruals
Equipment
-
from
revenue
capital
Co., Inc., of Brooklyn,
cash consideration, was announced
a
3,112,831
shares____
common
1,750
if
earned
$1,077,033.
securities
Total
the
Liabilities—Accounts
Net
interest
company
Government
M.
31
$3,002,107
234,616
$250,620),
Condensed
of
President
$7,767,358
dividends
♦After
1941
for
and accounts receivable
RR.—Annual Report—
"
.
accounts
of
excess
10,474
Cr406
Dec.
lished
637,909
:
-
customers
and
$29,55i
(estimated)__
Federal
.____
of
The
Acquisition
L.
share
a
3,503,524
contingencies
income
Outstanding
Earnings per
shares), $58,053; paid-in surplus, $1,190,479;
$1,344,952; total, $5,700,969.—V. 157, p. 778.
Maine
of
$6 preferred
preferred stock
new
5,646
to
insur.
income
Common
and
$5,703,969.
par
&
share
one
present
$2,953,681
-
7,657
7,480
Burry Biscuit Corp., Linden, N. J.—Acquisition—
,
-
$14,414
;
accrual)
$617,853;
plan
a
648,734
loans, etc
preferred stock
(no par),
$1,439,400; class A common stock
(issued 66,775 no par shares), $333,874; class B common stock (58,053
Boston
and
on
3,179,517
_
second
no
of
The
1943
expenses
social security, etc
resulting from sale of debent.
Net
and
payable, $4X3,807; accruals, $670,405; reserve
inventory price decline, $250,000; $6 cumulative
future
thatj end.
Liabilities—Accounts payable, $318; reserve for Federal income
taxes
—(estimated), $1,750; other accrued taxes, $2,056; preferred stock
(29,745 no
par
shares), $297,450; common stock
(94,405
no
par
shares, $94,405; capital surplus, $1,281,480; earned
surplus
(def.),
re¬
Liabilities—Accounts
for
stock
27
$8,194,197
taxes,
Loss
1943
reserve
to
that
—
$6,434;
securities
$1,059,607.
Recapi-
on
July
on
share
u
operations
doubtful notes
cost
Provision
$1,169,856;
$358,802;
expenses,
equipment
Balance
4
______
allowed
on
Federal
of
common
$6,781,932
administrative
from
Discounts
Interest
profits taxes (less post-war credit of $75,800, of which $60,000
currently available as a result of debt retirement), $683,300; Cana¬
dian and State income taxes (less post-war credit of $15,750), $104,307.
Consolidated
contribute
'
Assets—Cash
Subs.)—Annual Report—
(&
income
Gross
provision of $47,000 for
tlncluding excess profits taxes of
normal
will
securities
income
States
$153,503
deducting
thereto,
services
Swedish-type
*
•
&
♦Profit
$640,777
is
ceivables
each
.
excess
Asset*—Cash,
vote
dividends.
profit from sales
General
applicable
tlncludes
the
on
sinking fund requirements, will be callable at $100
no voting rights.—-V. 158,
p. 83.
Selling expenses
$428,671
of
taxes
to
$5. preferred
new
in
25,947
pfd. stock
sale
*From
»•
Income
of
called
for
Gross
con-
—
2nd
on
been
arrears
Income credits
Net
-
.
plan
further, opinion
income taxes.
for
Distillers Corp.- -To Vote
have
will
-
assets
profit..
part
"consider
______________
of
ing records show net
:
.
.
on
Bulova Watch Co., Inc.
$237,301
57,850
*c'as subsidiary
♦Extraordinary
:
of
offered
$229,537
7,764
$336,354
income
for
taxes
vital
a
continued
__
Note—As
director, replacing C. J. Nourse.—
a
sale
$835,892.
31, 1943
on
Comparative Consolidated Income Account, Years Ended March
inc.
the
income
years'
July 15 to holders of record July 2.
This
April 15, last, and 13 cents on Jan. 15,
10 cents per share were made in
preceding
1419.
cents
be
prof, before prov.:
IHs for
the
Charges—Adjustment of
Credits—Adjustment of
of
and will have
$1,415,608
12,820
.
possible,
suit, said that
be
directors
_______
Approved-
share has been declared
per
stock, which is $27 in
will
for
pro v.
taxes
which
common
^
^•''
12
stockholders
under
1
——
earned
on
talization Plan—
prop.
expenses," etc.
to
The
stocks
on
Total
payable
with
Brovvn-Forman
6,655,355
3,696,493
exps
cents
Distributions
quarters.—V. 157,
Apr. 27, '40
$9,514,165
14,375,786
-
gen.
litigation
,
Apr. 26, *41
$19,516,660 $13,994,301
revenues
13
$25,
par
1943.
Sales
"of
Balance
compares
1'
the
on
considered
future.
is
as
;
L;
Provision for Federal income taxes
its
Brockton Gas Light Co.—13-Cent Distribution—
2144.
157, p.
is
Earnings for the Six Months Ended Mar. 31, 1913
as
an
(Del.)—Acquisition
Philip C. Sayres has been elected
157, p. 2144.
429,174
!:
insofar,
purchase
is
$981,912
427,701
Divs. applic. to pfd. stocks for the period
commenting
the
p.
Interest
July 6 approved acquisi¬
Corp.
;5
V.
Net
Co.
The stockholders at the annual
meeting
tion of controlling stock of the Sun Tube
$1,587,097
4,443
and
for
which is directly responsible for the
growth
its excellent prospects and to further
stimulate
management in fully realizing the opportunities
us," he said.
They believe that the adoption of the
before
Dividends
New Director—
$135,773
45,750
arrived-
158, p. 82.
week output was 32,714,000 kwh., an increase
corresponding week last year.—V. 158, p. 83.
the
over
309
$137,963
he
group
Expenses
hours
14.6%.
600,000
1,031
income
if
attorneys what it
Income:
Co.—Output Up 14.6%—
territory for the week ended July 3, 1943,
with
27,952,000 for the week ended July
$135,157
(net)—
that
the
share
V
Comptroller of this corporation,
administration
reports
company
309
income
but
proceed.
289,145,921 277,590,842
...
Houghton, recently elected Treasurer, was announced
Ernest R. Breech, President.
Mr. Hummel
was
also
$136,932
revs
to
and
of
board
Net
Net
hearing that he probably'
12,
notify the
the compensation of the
managerial group of your company is upon a scale
considerably under
that prevailing in the industries of which it is a
part.
This condition
is not
likely to promote the stability of the organization."—V. 157,
H.
by
8
a
The
limited-term
investments
lie
proposed
Gross
$9,405,794
500,540
efforts
planning
retain,
executive
1943—12 Mos.—1942
res.
appropriation
Amort,
election
to succeed
,
elected
1943—Month—1942
the
July
would
Burco, Inc.—Earnings—
on
May 31—
of
until
/
Bendix Aviation
Birmingham Electric Co.—EarningsPeriod End.
to
the
counts
counts payable,
.
end
he
2037.
Total
Liabilities—Capital
company's
important
the
Dr12,866,585 Dr8,222,376
__
the
the company,
purchase plan
stock
common
of
3,718,123
reserves
fund
at
decision
meantime
they would know how
of
3,499,122
...
the
representative of
the
it
21,942,113
7,127,367
property through income
retired through income and
surplus
formal
a
in
Comment of Budd Official—
A
23,726
-v
23,274,294
_
credits
Appropriated surplus not specifically invested..
Assets—Investments,
$668,477;
cash,
$26,014;
accounts receivable,
$33,595; material and supplies, $28,967; deferred assets, $75; unad¬
justed debits, $2,192; total, $759,320,
of
announced
file
that
so
the
256,599
2,203,793
5,959,218
...
liabilities
Sinking fund
Miscellaneous
3,247,260
256,519
_______
Additions
Funded debt
Balance
1,403,158
12,859
2,074,441
accrued..:
Suit—
voting
314,379
12,859
Unadjusted
to
was
not
decision
a
527,261
i
liability
current
Judge Bard
would
at
1,533,533
__
stockholders from
centive
2,835,254
2,792,341
...
accrued
restrain
2,751,470
6,033,051
payable
unpaid
Unmatured
Accrued
payable
In
reserved decision
July 8 in the suit of
Henry F. Holthusen
on a proposed plan to grant "in¬
compensation." He also reserved decision on
a counter-motion
by Robert T. McCracken, counsel for the
Budd company, for dismissal
of Holthusen's
petition.
to
67,275
120,174,200 125,306,500
payable
wages
accounts
matured
Deferred
Net income
and
Interest matured unpaid
6,107
1,500
Reserved
Judge Bard
67,275
.
bals.—net
serv.
5,744
326
Income applied to
car
interest
3,634
4,227,040
1,400
...
...
Unmatured
3,762!
equipment.
Interest
23,138,500
...
construction...
$34,292
$57,421
—
stock..
conversion
of
Miscellaneous
38,817,900
4,227,040
...
_
debt
and
Dividends
?
aid
3,149,800
23,138,500
.
stock....
capital
on
in
Audited
Total
stock___i___^_^_.
liability for
Grants
Decision
39,505,100
38,817,900
t
_
preference
Stock
^
39,505,100
3,149.800
...
stock
preferred
Prior
$127,838
86,730
—
if:
stock
Preferred
:r¥';
Operating
Common
RR.—Earnings—
185
inc. taxes
75,580
38,827
422,723
179,014
$113,893
$75,917
$970,719
$800,556
the
statement (2-5172) with
bonds, 33A% series, due
convertible prior preferred stock
June 29 filed a registration
covering $16,000,000 first mortgage
Company
SEC
on
and 40,000 shares of 5 Va %
$100).
,
principal underwriter for the bonds is Dillon, Read & Co., and
for the preferred stock Stone & Webster and Blodget, Inc., and Bosworth, Chanute, Loughridgc & Co. Others will be named by amendment.
Offering price of both bonds and stock will be supplied by amendment.
—V. 157, p. 2345.
1968,
liabilities, $37,237; deferred
other current
$453,867;
interest,
accrued
Registers with SEC—
•
Monday, July 12, 1943
FINANCIAL CHRONICLE
THE COMMERCIAL &
186
Chicago, Indianapolis & Louisville Ry.—Earnings—
liabilities, $252,545; depreciation reserve, $8,650,600; contributions in
aid of
construction, $151,825; paid-in surplus, $63,146;
earned sur¬
$100,587,907.—V. 157, p. 2038.
plus, $4,682,831; total,
The
1943—Month—1942
31—
Period End. May
revenues
Operating
expenses-
Federal
Other
Net
1943—12 Mos.—1942
476,281
473,204
5,824,497
7,011,253
—
287,831
237,161
3,486,788
1,911,413
——
163,308
153,497
1,831,456
1,722,720
125,000
110,000
1,440,000
1,285,000
$303,983
$287,234
$3,956,848
railway
_•
.1
operations:
$3,9^1,942
78^,356
accruals—
$3,771,051.
,514,718
1
1,282
316
25,220
23,851
$305,265
$287,550
$3,982,068
$4,362,114
139,438
131,579
1,602,765
1,610,824
$165,827
$155,971
$2,379,303
$2,751,290
1,255,237
operating
$3,132,586
124,324
609,606
$3,256,333
458,768
573,502
$2,398,656
$2,224,063
126,994
119,254
income
$4,338,263
taxes
taxes
from
revenue
Railway- tax
1941
$11,657,722 $10,864,059
7,735,780
7,093,008
revenues——
$1,261,096 $16,539,589 $16,268,649
$1,356,403
Operating
operating
Railway operating expenses
-Earnings—
Carolina Power & Light Co.
(par
1942
Calendar Years—
Railway
Railway
Equipment rents (net debit)
Joint facility rents (net. debit)
—_—
-
Property retirement res.
Sought—
Bush Terminal Co.—Tenders
"
until
will
157,
Net
due April 1, 1952, to an amount
not to exceed 100 and interest.—
50-year gold bonds
4??
first mortgage
exhaust $22,091 at prices
sufficient to
V.
it of
Other
bids for the sale to
12
Operating
$3,057,839
$2,871,037
11,432
7,798
$2,770,049
8,415
$2,878,835
1,463,240
$2,778,464
1,384,703
323,598
income
312,374
300,882
Cr594
on
Miscell.
interest
(net)
income
income
Net
464,995
441,204
80,000
109~700
$477,285
177,660
___
208,501
196,935
201,080
250,038
249,870
$94,629
$40,025
$30,480
income
income
Net
Material
48,088
94,291
86,679
65,666
*$1,022
$94,780
$89,337
$0.07
$0.07
$0.06
share
per
"Loss.—V.
"
Earn,
-
of
sh.
per
—
•
,
.
property, rights, franchises,
$5,001; special deposits,
Assets—Plant,
laneous investments,
$3.16
etc., $18,024,993; miscel¬
$6,631; cash in banks and
of
accounts
deferred charges, $551,710; total,
etc., $28,389;
paid taxes, insurance,
$19,617,339.
it
Deferred
assets
accounts payable, $72,207; ac¬
accrued general taxes, $20,444;
miscellaneous
provision for Federal income
tax, subject to review by U. S. Treasury Department, $217,801; ac¬
crued
dividends
on
preferred
stock, $26,062;
deferred liabilities,
$232,589; miscellaneous reserves, $15,477; contributions for extensions,
$357,119; preferred stock (par $25), $3,475,000; common stock (par
$25), $2,914,200; capital surplus, $70,499; earned surplus, $249,026;
total, $19,617,339.—V. 157, p. 2445.
deposited
Bondholders—
Issue—Offer¬
issue of $3,000,000 serial de¬
Ltd.—Refunding
ing in Canada of a new
oversubscribed. The debentures carry
3% to 4V2%, mature in instalments
bentures has been
$10.43
1944-1956, inclusive, and were offered at
par by The Dominion Securities Corp., Ltd., Burns Bros.
& Denton, Ltd., and McLeod, Young, Weir & Co., Ltd.
the
after July
principal on or
and
interest
deposited
Funds
debentures
the
of
sale
the
from
to be used for the
and for other corporate
are
presently outstanding debentures
purposes.—-V. 157, p. 2212. •
,
'v.:--?.v
Y;
share
common
Accrued
Other
v
Central Power and Light Co.—
3 approved applications of the New York Curb
unlisted trading privileges to the $25,000,000 first.
mortgage bonds, Series A, 33A%, due Aug. 1, -1969, of Central Power
and Light Co. and $20,000,000 first mortgage bonds, i% series, due
Jan. 1, 1970, of Kentucky Utilities Co.—V.
157, p. 2345.
SEC
July
on
of
of
Net
Jan.
136,023
1943—5 Mos.—1942
$1,809,427 $1,926,821
721,463
752,454
$228,585
$1,087,964
$358,407
expenses
Note—Operating
do
expenses
not include income
tion
a
as
$1,174,367
The
1943, to and including April 1, 1953.
has also announced the call for redemption at 100 Vz%
1943, of its outstanding 4Va% collateral trust gold bonds
1946.
The amount of that issue outstanding at Dec.
was $19,000,000.
31,
1,
Sept.
1942
earnings
1943—5 Mos.—1942
1943—Month—1942
31—
J
'X'fe; :•'? •
$
$
21,522,075 111,533,314
17,288,515 .94,751,589
24,205,061
19,891,648
—_
Working expenses
Net
•
Chesapeake & Potomac Telephone
The
Ended June 30—
earnings
'
*
•
stations,
of
of
Calendar
Operating
Operation
service
$16,718,269 $16,200,389
5,856,729
5,624,097
Depreciation
income
2,293,491
6,243
6,344
1,598,119
1,542,263
1,059,000
283,268
franchises
income & excess profits
taxes
of
lieu
in
896,695
_
___
of
other than Fed.
Charges
872,966
2,369,229
__
__
Amortization
revenue
_
Federal
income
&
976,000
1,569,604
$3,979,982
152
$3,980,135
$3,982,510
1,509,646
Traffic
expenses
Commercial
income
income
*___
(net)——
,_—
on
pense
net
261,756
11,462
3,776
Cr20,431
5,012
debt—
.
_
Amort..of debt discount, call premium and ex-
Other
long-term
Provision
Other
Dr2,U3
interest
income
.(net)—_
;
■_
deductions
-
contract
license
Other
income
taxes
__—
521,372
have
160,071
reorganization plan is put into effect.
71,794
311,842
116,190
64,801
111,209
74,042
72,898
,
(
income—!
from
income
i
474,040
733,714
$1,143,874
—
—
deductions
Interest
$2,507,486
558,626
746,910
income
Miscel.
Commission be
•• proceedings in
—
deductions
—
—
20,291
62,652
155,709
Net
income
—
Balance
Assets—Utility
missions
257;
and
U. S.
$2,162,783
3,131,909
—
dividends
etc.,
plant,
expense,
Sheet
Dec.
$90,679,870;
preferred stock selling com¬
accounts
accounts
supplies,
and
and
notes
of
$79,312),
expense
Liabilities—Common
stock
deposits, $26,165;
reserves for un¬
materials and
discount, premium
total, $100,587,907.
$1,237,183;
prepayments, $92,240; debt
in process of amortization, $4,000,399;
$1,185,111;
(par $40), $10,413,720; $6 cum.
pfd. stock
6% cumulative preferred • stock
(par $100), $593,000; long-term debt, $46,400,000; accounts payable,
$485,560;
customers'
deposits,
$366,526;
accrued taxes, $2,015,085;
(279,143
shares,
no
par),
$26,021,965;
Net
income
transferred
to
$886,704
surplus
cash,
$94,297;
Sheet Dec.
$1,101,661
31, 1942
other investments, $55,826;
working fhnds, held by em- '
$1,078,749; material . and sup¬
other deferred charges, $34,-
Liabilities—Capital stock, $19,000,000; advances from
American Tele¬
notes sold to trustee of pension
pay¬
due,
$1,110,188;
deferred credits, $43,720; depreciation and amortization
reserves,
$5,683,575; unappropriated surplus, $1,317,634; total, $33;328,803.—V. 156, p. 352.
•
phone
&
Telegraph
Co.,
$4,550,000;
fund, $783,707; ad. billing and customers' deposits, $263,930; accts.
able and other current liabilities, $576,048; accrued liabilities not
.
.
that
ap¬
proved plan to be made operative, "constitutes an abuse of administra¬
discretion and is in excess of authority conferred upon the Com¬
tive
mission
an
The complaint
law."
by
also charges that denial by ICC of
opportunity to be heard constitutes a denial of due process of law.
entering the order of June 7, 1943, and in denying motion and
In
named
petition
in
said order, the complaint states,; "the Commission
and unreasonable a manner as to render that
delegated powers, void."—V. 158, *
in
arbitrary
so
order, although within the form of its
84.
p.
-
,
^
Co.—Preferred Stockholders
Childs
Harry C. Thompson, Vice-President of
of
;
Committee—
formed
Mr.
Thompson,
as
committee
In addition
a
Chairman, other members include' Louis Yaeger,
Investment Counsel, and C.
Holmes,
Corp.
'
Continental Bank & Trust Co.
York, announced that, at a meeting held July 2,
to represent the 1%
preferred stockholders.
New
was
H.
plant, $31,552,725;
deposits, $34,593;
special
ployees, $13,655; accounts receivable,
plies, $386,284; prepayments, $78,226;
449; total, $33,328,803.
represents another move on behalf of the road to
financial affairs taken into consideration before a
"
state in the latest document filed with the court
order of June 7, which in effect requires a previously
Sealcone
Balance
Assets—Telephone
31, 1942
$993,2^0; investments, $124,312; cash, $1,247,-
Government securities, $1,002,150; special
and notes receivable, etc., (less
customers
collectible
$2,005,338
1,708,314
improved
ICC's
the
$1,299,731
15,673
66,214
206,629
the reorganization matter.
complaint
its
The attorneys
to
Preferred
proceedings in the road'3 reorganization case and that the
required to vacate the June 7 order and to reopen
reopen
1,150,448
$2,449,409
—
.
operating
Other
says.
and Luther M. Walter, Attorneys for the company,
1,580,630
62,056
construction—Cr
revenues
taxes
petition
complaint in Federal District Court, Chicago, asking that
aside an order of the ICC of June 7, 1943, refusing to
82,080
121,691
and
death,
general expenses
operating
a
set
court
acted
Net
W. Munsert
Helen
have filed
69,685
353,850
134,467
•——-—
under
the
North Western Ry.—Begins Court Action
Reorganization Case—
to Reopen
188>773
1
accident,
,
.
respect,
158, p. 84.
The
and treasury departments
employees' service pensions-—
received
material
153,757
legal departments
benefits
other
any
'''62,535
:
sickness,
in
but total capitalization
proposed,
Chicago &
—
.
__
for
Employees'
changed
be
not
are
1,349,642
—•—*
and
Accounting
Net
received
of premium
—V.
General & miscellaneous expenses:
Executive
.
modifications
incidental
1,688,370
—
Operating rents
Federal
income
Interest
$8,018,413
$8,746,906
—
——
expenses
Expense scharged
General
dends declared
would
the amoiint of divi¬
the debt retirement fund, to be equal to
on the new common stock.
•>
,
paid into
1,730,833
292,467
revenues
Depreciation and amortization expense
$3,984,624
profits taxes
operating
21,676
revenues—Dr
maintenance
retirement fund
purchase and retirement of general mortgage income bonds and
the purchase and retirement of . preferred stock, the sums to be
the
Services
excess
_
operating
1941
$5,164,329
2,528,560
347,200
24,613
revenues
Miscellaneous
1941
1942
$5,495,367
2,894,992
381,160
service revenues
Local
Total operating
revenues
Maintenance
Gross
then
Calendar Years
for
Years—
Uncollectible
1942
Telephone Co. (West Va.)—
Statement
v
cla§s of
the two series provided
recommendation would provide for a debt
A fourth
for
2445.
Income
security holders,
change would involve the issuance of.,one.
,
.
'
1942
$7,076,000
Illinois Public Service Co.—Annual Report—
Central
Other
Co., D. C.—Station
the company
Chesapeake & Potomac
:
r
general mortgage 4»/2 % income bonds instead of
for in the present plan.
gain of 1,885 stations during June, com¬
1942, and 1,785 in June, 1941.
For the
year
of the 5r/o
-
.
recommends
committee
Other
17,773,718
Years Ended Dec. 31—
Net
the
157, p.
1941.—V.
Current
Federal
•
had a net gain of 13,319
compared with 17,623 in 1942 and 18,115 in the same period
months
reorganization are proposed in a petition
the protective committee for holders
by
'
justment of new securities to be delivered to
'
,
had a net
3,011 in June,
with
six
first
•
company
1943 >
$8,270,000
158, p. 83.
Taxes,
'
16,781,725
4,233,560
4,313,413
earnings
9 Days
—V.
announced that William Wyer had . been
for the trustees of the railroad with
ICC
the
1975.
changing the effective date of the plan
to Jan. 1, 1944, from Jan. 1, 1939.
It also suggests payment of $70,000,000 cash to holders of various classes of securities in proportions
set forth in the reorganization schedule, as well as a consequent read¬
departments.—V. 158, p. 83.
Gains—
•v-'
99,788,426
82,014,708
with
Pacific RR.—Bond¬
'
Modification of Plan—V* •: £
Modifications in the plan of
filed
The
officer
man-power." This action
"to adjust operation and
present
to
Another, suggested
Toll
Traffic
July 2
on
executive
is
bonds of
1,
Period End. May
Gross
company
chief
authority over all
fall
holders' Group Seeks
Chief Executive Officer—
pared
company
Sept.
due
company
it
Chicago, Milwaukee, St. Paul &
in the stock of the
controlling interest
a
,
dated
on
holds
Co.
Central and both lines use much of the same trackage.
The
Central, however, is undergoing reorganization in Federal court, with
Shelton Pitney and Walter P. Gardner as trustees.
They announced
selection of Mr. Wyer as chief executive June 17. -
The
equipment trust certificates.
The certificates are
April 1, 1943, and mature $900,000 semi-annually
a—-'-'
Central's trustees.
Reading
made
Ry.—Sells $18,000,000 Equipment
Certificates Privately—The company has sold privately
to institutional investors in the United States $18,000,000
Oct. 1,
"
Jersey
and excess profit
Pacific
Canadian
40 years- of opera¬
of three Reading executives from the Jersey Central
management became effective and direction of the carrier's operations
was
assumed by William Wyer, appointed chief executive officer by
The
V'; ;y'< V
)
war-time conditions and to prepare the way for
future expansion in both mail order and retail fields.
' r
The new catalog carries the prefix-"Alden" to the name "Chicago
Mail Order Co.," and all customer contact of the company , will here¬
after be in the nafne of Alden's Chicago Mail Order Co.
It is under¬
stood that commercial contact will continue in the name of Chicago
Mail Order Co.—VJ 157, p. 1144.
;
Over Operation—
at midnight1, June 30/wouhd up
subsidiary of the Reading Co.
:
r
'
.
/? •
i
also
is
company
v;?,
,
^
consequent large saving, in paper and
part of a broad continuing program
with
.
1942.—V. 157, p. 7.
15 and July 15,
157, p. 2211.
taxes.—V.
share
record July 3.
1943, and on
*'
on
July
8
started distribution of approximately
and winter catalogs, it is announced.
Containing 526
the largest catalog the company has ever issued and is
being mailed two weeks earlier than usual.
"
The early mailing has enabled the company to eliminate its regular
summer
sale book, generally in the hands of customers at this time,
15 cents per share on the com-'
regular dividend of
a
stock, par $10, both payable July 15 to holders of
Distributions of 15 cents each were made on Jan. 15,
the Jersey
$379,444
150,859
1943—Month—1942
31—
—
earnings
3%
to
addition
mon
«
,V
,.v
pages,
declared an extra dividend of 25 cents per
directors have
The
in
84.
p.
Chicago Mail Order Co.—New Catalogs Ready—
Resignations
$222,384
earnings
Operating
Vice-President
$60,880,638 $57,963,090
158,
2,000,000
Distribution—
Central Republic Co.—Extra
The
Corp.; Ltd.-—Earnings—
Canada Northern Power
Period End. May
Gross
V.
50,554
322,041
208,406
12,331,372
5,659,C01; 5,479,618
162,920
210,772
JDr7,559,338 Dr8,178,290
(balance))—
Total
The
Central RR. of New Jersey—Takes
Fairweather
W.
;
—
1
l
Montreal has been appointed
research and development.—V. 157, p. 2445.
S.
:
2,167
-
50,117
574,599
184,102
14,348,685
—_
—
liabilities
Profit and loss
policy
Vice-President—
accrued—.—.—
liabilities—
current
Deferred
903,787
125,472
3,452
3,452
2,167
liability-
tax
395,946
v
706,479
148,356
unpaid
interest
Unmatured
$121,815
$0.06
454,623
.
—___
unpaid-—
matured
Dividends
•/
(Cr),________
payable
payable—
wages
accounts
matured
_,
balances
car-service
accounts' and
.1942
1943
$155,972
$0.06
._
payable—
credits
Additions to property through income & surplus
i
:v
■
Canadian National Ry.—New
bills
; Unadjusted
The
11,700
$15,488,300 $15,488,300
13,287
12,850
29,893,288 29,856,643
J.
750,000
750.000
—.
debt
and
Audited
1420.
157, p.
5,000,000
11,700
) (Dr)
construction
of
aid
and
Traffic
by forwarding
15,
in
Long-term
Loans
Inc.—Earnings-
Central Patricia Gold Mines,
Quarter Ended March 31—
income (in Canadian currency)
Earnings per
5,000,000
(unpledged)
stock
capital
Grants
.
•
t
156, p. 863.
Net
—V.
$10,500,000 $10,500,000
company
Miscellaneous
years
refundng of
——————
stock—
by
Total
.Tune
on
bonds to the trustee.—V.
interest rates from
in
debits'
the
30. 1943, on the unpaid principal balance of all
bonds, or $9.65 on each bond, and a principal payment
each bond.
Bondholders may obtain payment of the
ended
year
of
Held
Exchange to extend
Breweries,
„__
stock
Preferred
of its first mortgage bonds that
First National Bank of Boston, as trustee
$64,408.43 representing interest at 1 % .for the
with
bondholders,
the
outstanding
on
Canadian
3,502
$60,880,638 $57,963,090
Interest
funded debt, $79,213;
accrued expenses, $5,701;
795,318
_
Total
has notified holders
company
has
Liabilities—Funded debt, $11,882,000;
crued interest
221
7,345
110,801
916,789
.
757,113
2,064
______
receivable—
assets
Liabilities—
for
$678,601; accounts receivable (less reserve for uncollectible
$5,786), $152,437; materials and supplies, $169,577; pre¬
hand,
on
;
31, 1942
Balance Sheet, Dec.
•
$2.90
$2.49
$2.54
supplies
233,939
726,613
receivable——
122,854
382,294
agents & conductors-
128.
157, p.
Caribbean Sugar Co.—Payment to
The
com.-
stock
mon
2,045
220,688
126,388
from
dividends
Unadjusted
Earnings
423,556
1,949
receivable
$74,593
Nil
and
2,500,000
541,484
investments—;
____
accounts
current
Common
Surplus
cash
bills
and
Interest
Other
earnings
$55,295
204,653
$51,642,217
2,883,415
3,867,682
________—
balance receiv.
Net
s
1941
1942
Loans and
$344,912
273,395
$813,132
$52,575,451
;
_________
Special deposits
1940
$449,411
287,909
174,303
taxes
and
$476,979 ;;
$221,370
1,350,893
162,136
General Balance Sheet* Dec, 31
Cash
depl.
deprec.,
—_
Miscellaneous
production
for
i
*
—
1,410,113
96,852
$1,001,523
debt*;
.
Investments
income,
of
Cost
249,870
____
deductions
charges
Assets—
$1,496,053
1941
$2,343,317
17,162 f
17,156
$2,525,650
'
1
!_
'
funded
on
fixed
Net
'
Ltd.—Earnings-*
1942
1943
less min¬
eral tax & mint chgs.
Gross
$482,825
208,500
Interest
Other
i
3 Mos. End. Apr. 30—
~69~l66
$498,563
$1,125,314
t
157, p. 2144.
Prov.
216~766
income
■>
Cariboo Gold Quartz Mining Co.,
Cr995
$504,210
tax-
—.—
dividends
Common
37,447
41,928
473,357
23,270
dividends
Preferred
$1,029,581
Total
Temporary
290,099
_
deductions
Federal
35,580
$1,103,221
Amortization
Miscell.
813
34,727
Interest
$1,092,879
465,261
:■=■;en,295
$1,228,466
interestfunded debt
before
Net
1,253,989
to pfd. stocks for the period
Balance
—V.
Total
income
$2,708,323
1,388,643
income-
Operating expenses —
Depreciation
——
deductions—
Divs. applic.
$2,699,941
8,382
$3,069,271
1,517,207
revenue
Non-operating
income
etc.,
Net
1939
1940
1941
1942
Vy-■
operating Income
'
railway
Miscellaneous
Co.—Earnings—
California Water Service
(net)
income
Int.,
Calendar Years—
revs-
oper.
Gross
2211.
p.
Net
Other income
trustee, New York, N. Y.,
Bank Farmers Trust Co., successor
o'clock noon on July 26 receive
The City
,
appropriation
Shelby Carter, General Manager of America
& Carpenter are counsel and Walter
Rogers
Pumphrey is Secretary, with offices at 42 Broadway, New York City.,
Mr.
Thompson
stated that in his opinion the Childs Co.,
like many
corporations that have enjoyed tremendous growth over a long period
to become leaders in their respective fields, was still suffering
from "growing pains."
He believes the restaurant chain has become
a necessary public institution, and said the committee would
take steps
to protect the interests of the preferred holders and make possible
of years
continuance of the business.
.
,
Durell Preferred Stockholders Committee—
As noted
Chairman
Frank
in
of
C.
our
<!;
issue
another
of July 5, Thomas P. Durell has been namOd
protective group for the preferred stockholders.
LaGrange,- investment
adviser
and
formerly Eastern rep-
Volume
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4193
158
187
resentative
Marshall
of
Field
the -others
Co.; in-addition.to
&
business
men- ;:
by
tiioned,* has been appointed a member of the Durell committee.
the
dend
Establish Solvency—
Officials to Offer Plan to
until
adjournment
July
of
12
1 ■1
^'
^
r
l
*
*
■
'
'
•*
*
'•*
*
*
m
1.
referee, named as special master by Federal Judge, Simon Hv
will conduct hearings and report on the company s solvency.
The
raised when the company, in answer to
an
involuntary petition for reorganization under chapter 10 of the
Bankruptcy Laws, denied it was insolvent and asked:?dismissal >oi the
petition.—V. 158, p. 84.
' " 1
f
*
r
of solvency
question
of
was
,
t"^I'And
3 Months
Profit
Prov.
Ended Mar.
after
for
all
Fed.
.Provision
normal
for
31—
The
Darnings per common share--.:—:
500,000
$404,997
$0.68
i $.141
—
--
"•Includes realised profits on-sales to foreign subsidiaries.
.'
.
Cities Service Power & Light Co. -<& Subs.)Report—
'
Maintenance
Provision
for
Taxes, other than taxes
Belling,
i.
general
and
—
16,838,841
income
on
7,258,976
"r' Gross
Income
bilities
plan
this
7,777,220
♦l.OSS.eeo
241,599
share
credit,
$31,335,
and
post-war
Sheet Dec.
refund,
an
Assets—- \\<
v!
Capital
assets
*"■
1
•
'
Cash in banks and
on
Securities of
Government,
U.
S.
Consumers', accounts
hand
—
receivable
—
■r.0n,ahlp
^^Merchandise accounts receivable——
Other
•
held
Other
ins.,
taxes &
assets
Deferred
other expenses
Liabilities—
preferred
preferred
Gas
17,268,375
preferred
stock
stock
($100
5,556,000
6,978,588
common
in
and
other long
Interest
Accrued
Preferred
Consumers'
accrued
2,655,445
deposits
for
——
Federal
taxes
income.——
on
,
59,285
21,146,792
Total
Six
paid
$7
Club
Aluminum
Utensil
Co.—Resumes
Sales
wV. 157, p.
2246.' '
'
1943—5 Weeks—1942
$8,448,195
St.
It
also
are
of
time
which
American
Gas
;
stock.
The
Commission
pay¬
first
The
issue
of
and
and
$1,747,221
cant
194,274
176,812
214,426
..
*
10,152
♦$241,925
int. on inc. debs
.income debs, of Commercial
Mackay
$154,546
Non-operating
,
_______—
4,672
________
45,741
income
♦Loss.—V.
p.
2039.
Commonwealth
Securities
preferred
by
the
stock.
the
,.♦$232,712
and
;
53,810
;
$108,805
„„
157,
9,213
■
♦$286,522
.
Exchange
company
Payment
to
is
Commission
Commission
pay
to
to
Corp.—Div.
dividend
a
be
on
made
holders
on
of
June
of
the
$3
per
28th
record
at
approved
share
day
the
on
after
close
B
operating
Y
Alabama
Georgia
Florida
Florida
'
stock
executrix,
of
Maine
serves
of
or
the
region
in
State.
one
are
so
be effectuated by
The
in
its
of
area
to
Dec.
his
Gas.
2,
Fitkin
1933,
estate.
The
by
his
executors
the claimants.
American
Gas
constituting
Gas
was
stock
changed
jvere
18.38%
of
reorganized
This
voting
the
into
total
under
34,250
stock
Section
out¬
77-B
of
is
which
11
over
individually
Community,
9,025
and
Mrs.
shares
27,479
Sey¬
of
the
shares
as
American
existence
contributes
is
in
(b)
to
the
Gas, and their subsidiary
Community in the holding com¬
and inequitable distribution of
of
unfair
contravention
which
holding
a
conclude
the
with
third
subsidiary
issue
is
,
steps
Section
Continued Existence
The
"great-grandfather" clause of
holding company with respect to
company
(Associates)
■
'
/
a
a
.
liquidation of Community and termination of
necessary
system,
is
has
company.
that
are
itself
the
of
(2), Community
Gas
company
Act
outstanding.
holds
amounting to 19.59% of the outstanding stock
By virtue of such holdings Mrs. Seymour exercises
Continued
existence
(3)
Gas
also
power.
American
We
largest block
Gas,
shares
Furthermore,
Section
its
far the
American
American
Gas.
system
pany
of
to
11
ensure
(b)
(2),
Associates
whether
compliance by
in
"
the
to
pursuant
the holding
'
Holding Company System
Section
11
(b)
of
(2)
the
should require thai
we
the existence of Associates be terminated.
isji Massachusetts trust which acts in effect as an inter¬
mediary for the control by American Gas of 96.55 % of the common
stock of Lowell Gas Light Co.
Its reason for existence is Chapter 181,
Section 10, of the General Laws of
Massachusetts, 1932, which pro¬
for
the dissolution
of any domestic street
railway, gas or electric
if a foreign corporation owns or controls a majority of the
stock, of such domestic, company, and; issues debt Securities
based-'thereon without compliance with the laws of Massachusetts.
company
capital
The
,
balance
ciates
had
city
or
indicated
located
and
by
is
a
related
their being operated
operations
operation
to
of
sheet of
Associates
substantially
at
Sept.
30,
1942,
shows that Asso¬
assets other than the common stock and
bearing obligations of Lowell Gas Light Co.,
carried on its books at $5,327,779 and
$1,675, respectively.
.Its only
substantial
liabilities
consisted
of
$9,531,939 of notes
payable to
serial
some
American
no
non-interest
Gas.
The stock
of
Associates
is
held
all
by. the
trustees of
Associates,
such,
who are nominees of American Gas,
Their functions, as
the receipt of dividends from the Lowell company and trans¬
of the amounts
received to American Gas in the form of
are
mission
interest.
During the 12
Associates
the
amounted
Lowell
to
months
$58,861,
paid
It
company.
$354,600 interest
has
is
nor
The
only
to American
financial
no
elided Sept. 30, 1942, the income of
consisting of dividends received from
taxes or operating expenses, but
no
of which $60,000
Gas,
and
resources
no
staff.
It
was
paid.
neither
per¬
capable of performing any useful function.
suggested
reason
continued
1942
existence
of
during
the
Associates
course
the
is
fact
of
the
proceeding for
that the
Revenue
Act
permits the consolidation of the
of
Associates is an undue and unnecessary complication in
corporate structure of the holding company system of which it is a
and that termination of its existence is a necessary step to
ensure
(b)
neighboring communities in the same State.
operating companies in question, taken separately,
confined
in
stock,
of
these
American
existence
gas
may
against
(105,000 shares)
American
on
to
holdings
common
constituting by
common
the
and had total operating revenues of
companies in the system own and operate facilities
distribution at retail of natural or manufactured
system
made
stock
of
part,
Massachusetts:
(100 % )
economies
stock
organized
was
income tax returns of Associ¬
the Lowell company, with the result that the Lowell
company, which otherwise would have to pay approximately $35,000
of Federal income
taxes, had no Federal income tax liability for 1942.
From the
facts above
set
forth, we conclude that the continued
Minnesota
(62.8% )
(96.6% )
coordinated
preference
ates with those of
Operation
Each
the
Com¬
the
(100%)
power.
of
security holders, of such
common
Community all of the decedent's holdings
taking the stock of Community in
exchange.
They
401,628 shares of Community's class A stock
and
President
mour,
of
State of
(100% )
and
among
The
munity,
subsidiary,
(50% )
light,
power
to
forms
(I)
single
a
each
such
two
are
of
them
operated
that
to
derive
those
natural
together
the
as
a
operations
of
systems
of
a
single
and
Section
the
one
other
11
gas
(b)
from
single
of
of
a
common
coordinated
source
system.
of
businesses
as
are
permissible
supply
Thus
holding company system
these utility systems and
it
must
to
is
be
of
compliance
(2).
(4)
be
the
holding
herein
will,
system
company
therefore,
require
with
that
Structure of
American
Gas
and
Section
capitalization and surplus per books of American Gas
were
as
1953, at par, 5%
series
(3%
(3.67c
(b)
(2)
Sept. 30,
$6,114,500
unconditional,
ditional)
Accrued
It
at
unconditional,
cumulative conditional)
series
11
existence
follows:
Debentures due
2%
Section
the
terminated.
The Corporate
The
1942,
6%
by
order
Our
Associates
2.4%
cumulative
con¬
1
4,213,500
conditional
interest, both series—_—
(including accrued interest)—
Minneapolis Gas Light Co.
1,529,475
Certificates of indebtedness
Due
to
Due
to
Capital
1,615,123
—
Jacksonville
Common
stock
(par
Gas
Co,
70,034
$1)
189,638
surplus
Earned
1,002,592
surplus
—
such
under
the
gas
utility properties operated by
Minneapolis Gas Light Co.
clearly constitute the major utility system controlled
by American Gas.
The Minneapolis
company sells almost half the gas sold
by the entire
system and produces approximately 60% of the
system's revenues, and
at the hearing counsel for
Community and American Gas stated that
the holding companies consider the
Minneapolis properties as their
principal integrated system, and would be
willing to dispose of the
other
properties.
in
Section
No
claim
conjunction
11
(b)
with
(1).
is
made
the
that
any
additional
system
is
system of the Minneapolis company
We
its
be
conclude that American Gas
may retain the gas utility system
the Minneapolis
company as its single integrated
system, and should
required by order to dispose of each of the
others.
The sole remaining question
under Section 11 (b) (1) is what other
businesses, if any,
may
be
Total
870,632
—
The
retained.
The
businesses
conducted
by the
issue
or
unfairly
of
that
or
system,
structure
Utilities
affirmative.
corporate structure of American
we
to
should
(b)
(2),
in
Gas does not
Gas
Co.
require American Gas to change its
solely of common
stock.
The
that
our
finding must be in the
consisting
one
Division
contends
Respondents
Jacksonville
necessary,
is'whether, pursuant to Section 11
the
unnecessarily complicate the structure of the system or
inequitably distribute voting power among the security hold¬
the
capital
Public
presented
ensure
unduly
ers
$15,605,494
—
order to
(1).
»The
of
of
(b)
(100%)
—
Co.
additional
■
the
ap¬
each
11
The
single
limited
Approved—
24
direct
are
operates:
——;
_—
Sec¬
registered
Community's only signifi¬
30, 1942, Community had
outstanding
shares of class A stock
(non-voting) and 111,000 shares of
common stock
(voting), all with a par value of 50 cents
per
accrued
it
dissolved.
company had a deficit of $245,586.
In the 12 months
30, 1942, it had no income, while it had expenses amount¬
$2,163.
The company has been
wholly inactive during recent
years and has not held
stockholders'
meetings since 1940.
It is a
corporate shell performing no useful function in the
system of which
it is a part.
It injects an undue and
unnecessary complexity into the
holding company system.
f Vera B. Seymour, as sole executrix of the estate of Fred W.
Seymour,
holds 34,213 shares (30.8%) of the class
B common stock of
ing
involves
243,491 .customers,
heat,
retainable
Southern
1942,
is well within the statutory limits upon size.
In short, the
of each of these companies
separately meets the definition of
integrated public utility system set out in Section 2
(a) (29) (B).
under
&
of
share.
that
considered:
of
be
must require each
we
company thereof, to take such
to ensure that the corporate structure
Bankruptcy Act in 1935.
asset
today.
On Sept.
vides
24,
operating companies
name
Community
acquired all the
transferred
Gas,
transferred
class
Lowell
Gas.
Co.
standards
income before
of
or
599
$149,874
—
from
the
of
ended Sept.
Power
what
substantial
a
evident
216,049
operations———
income
income
on
No
~5~7~272
113,411
depreciation—-...—;—
foreign exchange—'——
of
one
and
disposition
the applicable
pro¬
system
an
'50,000
->
•Provision" for
estate
539,000
is,
company
904,821
7 191,813
Provision for Federal income tax
taxes
$1,307,902
798,448:
expenses—
Is
the
for
area
219,097
repairs,—
miscellaneous
that
as
—————
Maintenance
but
utility company the properties of which
gas
Operating revenues
Expenses of operation—-ui———
for
both,
1942
v
were
Gas
its name, and
Each of the
(& Subs.)—-Earningsf
all
contravention
Gas
the
subsidiary
Community
satisfy claims
companies.
ordered
causing
Associates
Action Required Pursuant to Section
$11,676,450.
1943—26 Weeks—1942
1943
Fitkin
shares
to
the
the
Company
controls
or
in the holding company sy3tem
unnecessarily complicate the structure, or unfairly
standing, when American
be consum¬
the Commis¬
also
American
by order dated Sept.
Augustine Gas Co.
used
;
each
1933.
American
shares
of
action Community and American Gas must
take
to limit the operations of their
holding company system to a "single
integrated public utility system" and to such other businesses
and
additional systems as are permitted
by Section 11 (b) (1).
During the year ended Sept. 30, 1942, the
operating subsidiaries of
American Gas (exclusive of the Jacksonville
company)
served an
$7,414,060 $43,444,814 $36,668,557
Commercial Mackay Corp.
and
or
E.
Community's
may
&
disposing
in
56,105 shares of its class B stock
way on a
Whether or not
conformity with
in
then
under
now
50,000
of
in full its current lia¬
pay
A.
in
the
in
ordered
instituted
and
Gas Light
Bangor Gas Co.-
-
3 Months Ended March 31—
proval
amount
Company and % of
Voting Power Held in System
average
The
to
add
& Power Co.—SEC Orders
American
Lowell
Colonial Stores, Inc.—Sales Increase 13.9%—
Period Ended June 26—
proposal
hand
reorganization
a
common
questions
Jacksonville
Dividend—
Tlie directors "have declared a dividend of 10 cents per share,
July 26 to stockholders of record July 19.
This is the
dividend since 1929.—V. 156, p. 1148.
unduly
1932
died
seven
Savannah Gas Co.
dividend of $1.75 per share on account
cumulative first preferred stock, no par
.
•<-
the
Minneapolis Gas Light Co.
Birmingham Gas Co.
a
able
by
not
as we shall find
necessary
continued existence of
any company
executors
to
trust,
'
:
■
The company on July 6
jof accumulations on the
Net
of
following sets forth the
together with the State in which
yaluc, to holders of;, record: June 30.
A. like amount was disbursed
/on April 1, 1943.
Distributions of $3.50 each were made on Jan. 6,
last, and on March 31, July 15 and Oct. 15, 1942.—V. 157, p. 1176.
••
on
The
Cleveland Automatic Machine Co.—Accrued Dividend
Net
as
for the payment of the proposed
for other corporate purposes. The record
30, 1943, Commonwealth had sufficient
April
not
prop-
*
Act we should order that
(2) of the Act provides that
Associates
426,727,463
——
157, p. 2346.
"Interest
subsidiaries
July 2 ordered Community Gas & Power Co., to
liqui¬
the
(1)
14,797
14,036,195
surplus
on
the
operating, company is a direct subsidiary of Associates.
Com¬
munity, American Gas, and all of the
operating companies have service
contracts with Public Utilities
Management Corp., a mutual service
company incorporated in New York, all of whose stock
is held by the
operating companies.
7,842,432
978,863
————u—————————438,398,083
Earned
Net
on
proceeding,
40,598,491
surplus
the
(b)
In
of $33,500,000 and
company and all its subsidiaries
One
2,164,565
1,533,702
*
Associates,
manner
or
findings and opinion of the Commission follow
chusetts
312,154
9,926,261
liabilities
.Capital
Loss
all
is
of
of
or
required
indebtedness
view
effecting
subsidiaries of
4,990j 739
44,808,631
f
of
Gas, also a Delaware corporation and a
holding company.
Community and American Gas have one
subsidiary non-registered holding;
company, American Utilities Associ¬
ates, and seven subsidiary operating
companies.
Associates, a Massa¬
2,505,404
4,700,447
311,114
2,147,008
payable
or
Utilities
appropriate
does not
excess
registered
4,653,787 v!: 4,692,986
funded debt
on
60,000,000
215,357,414 217,238,683
378,424
333,000
2,522,033
2,449,763
'
dividends
Provision
Other
In
namely
This
4,400,000
/Accrued taxes and other charges
General
in
at
public
are
steps
notwithstand¬
primarily the status of the holding company
system of Community
Gas & Power Co. and American
Gas & Power Co. under Sections
11 (b)
(1) and 11 (b) (2) of the Public
Utility Holding Company Act of 1935.
Community is the top company in the system; it owns
18.38% of the
.common stock of American
sub-
term debt-
payable
'Accounts payable
•
of
bank
assets
slightly
the holding
Utilities
Associates, through which
Light Co., be liquidated and dissolved.,
The
51,486,385
—
Funded
,
current
American
5,634,600
7,048,406
60,000,000
51,263,150
—
Notes
•'
(2)
Co., in
owns 18.38%
of the common stock, to divest itself
operating companies it. controls. American also
change its present capital structure,
consisting of
debentures, Indebtedness owed to subsidiary.
companies, and
stock, into a capital structure
consisting of one class of
secured
309,893
4,400,000
par)
Subsidiary companies' preferred stocks
Minority common stockholders' interest
.,
sidiary companies
y
net
funds
dissolve.
of
stock,
stock—
cumulative
Common
•v.
the
necessary
as
its
ordered
4,151,505
591,447.
258,452
,
an
tion 11
Community
six
was
749,345
280,990
stock
cumulative
$5
;
capital
gas
and
public utility system of the
Minneapolis
therefore not retainable with
the Minneapolis
holding company,
compared with 202,657,974
and
which
of
'
cumulative
—V,
payment out of
of
(2) Continued Existence of
Community in the Holding Company System
The second issue in this
proceeding is whether under Section 11 (b)
in part:
$7
.
date
438,398,084 426,727,463
—
$6
'Other
1942.
Liquidate—Also Directs American Gas & Power Co.
Operating Utilities—
1,596,114
.
charges
a
aggregated
the
that
The SEC
">
4,123,299
—
C
*Total
*
*-Vy'1"'
899,133
—,—
1,
sale
integrated
the Act or of the
rules, regulations or orders
promulgated
thereunder, of their direct and indirect
ownership, control and hold¬
ings of securities issued and properties
owned, controlled or operated
by each of said companies.
divi¬
to Divert Itself of Six
1941
•'
2,082,342
399,337
—
receivable
resale
Materials and supplies
Prepaid
$
—
3,861,197
notes
for
as
government securities
in
as
16,229,291
accounts and
.Merchandise
that
Community Gas
390,536,954 384,146,322
16,519,726
8,250,374
579,000
6,260,719
6,031,683
.——
April
on
the
the
integrated
are
,•
visions
1943
preferred
the
in
1943, amounted to 233,166,for the corresponding week in
1942,
increase of
30,508,553, or 15.05% .—V. 158, p. 84.
to
1942
1-
,•
of
the
working control
$84,-
31
-
"
deduction
to
and
American
weekly kilowatt-hour output of electric
energy of subsidiaries
corporation, adjusted to show general business conditions of
territory served lor the week ended July 1,
•
'
after
was
to
of
Co., Savannah Gas Co.,
Jacksonville
Co., St. Augustine Gas Co., Bangor Gas
Co., Lowell Gas Light Co
of
this
071 in 1942.
Balance
aggregate
The
of
$4,222,857
$5.25
$9.35
Consolidated
an
functioning
Our order will therefore
require, pursuant to Section 11 (b)
(1) that
Gas shall sever the
relationships of each of
them with Birmingham Gas
Weekly Output—
184,249
$6,676,773
retirement
or
proper
other
Community and American
sion's order: and the applicable standards
of the Act, we are satisfied
that it is appropriate in the
public interest, and in the interest of
Commonwealth's security holders and those of the
system companies,
to permit the payment
proposed,"
527
debt
since
pay¬
not
1942.
mated,
4,917,500
2,471,408
State income taxes
♦Less
in
share
per
related
so
company,
payment
dividends on the
required
—
per
thereon
of recapitalization proposed
by Commonwealth.
plan, shall be approved and
consummated, Commonwealth
to effect a recapitalization
by the Commission's order
6,896,710
•
Earnings
sum
considered
that
plus
8,732,305
—-i—-—^$29,577,747 $25,784,285
: Interest
and other charges
10,868,771
10,947,517
ilnt. charges on funded debt of Cities Service
Power & Light
2,974,725
3,040,753
Net income
paid
arrearages
$27.75
Hearings
$28,767,197 $24,769,165
810,549
1,015,120
--
1943,
been
the
the
artificial
and
public interest
the
to
the
erties.
preferred dividend
a
of
include
of
appliances,
Minneapolis company.
y®,
that similar activities conducted by the other operating
subsidiaries, and the holding company activities of
Associates
proposed dividend.
'"Accordingly, there would be no question as to the
propriety of the
payment of a dividend if, through an
accounting or other reorgan¬
ization, Commonwealth had already eliminated the
impairment of
capital which is now conceded.
——
Federal normal and surtaxes
<Pederal excess profits taxes—-———
to
have
was
'
6,891,302
;
—
This
position of
were
April 9,
Net operating revenue
other income-——-——
'
there
31,
their
sysem
gas
is reasonably incidental
retention is appropriate in
detrimental
uility
T-:;;;.vv 3*; V/;;,;v-:
1943,
cash
sbch
9,183,561
Total
?
amounted
be
30,
the
dividend
6,681,211
expenses—
retail, and
not
of
these
and
that
3,709,960
—
administrative
of
inequitably distribute voting
holding company system.
of, April
7,119,552
15,077,153
—
dividends
date
March
...
should
indicates
4,157,517
repairs
replacements
pavment of
management
cash and
•7,955,543
and
gaf<' .ii
PJ-irc2iase. ,Sftle and servicing
activities. Each
wealth, testified
$80,852,938 $72,986,055
Power, gas and ice purchased- for resale—'—:.
distribution & transportation exps.
being
be charged; against the accourit;;
'?;:■/ '•"'Y/.v
"With respect to the cash
position and the working capital of the
companies in the • system, Justin R. Whiting, President of
Common¬
.1941.
Production,
At
payment of 75c per share declared
ment
-Annual
Calendar Years—
T--~
which
stock
$4,463,250.
was
revenue,.
Minneapolis company, other than the
gas utility business,
purchase and reforming of natural
gas, the manufacture
divi¬
is
ing the lack that the payment will
entitled '/earned surplus/: .7: :
; /
Notes—(1) The report states the possible effect on-renegotiation is
not at present determinable. (2) No provision has been made in either
jperiod for possible liability -in connection with patent litigation decided
against the domestic subsidiary company as the amount thereof is not
at present determinable. Results of operations of all foreign subsidv*
aries have been excluded.—V.-156, p. 2216.
r
"
-
operating
No
annum.
on
share.
„
'•
Gross
cash
findings and opinions, the Commission said:
concedes that
the contemplated restatement of
the carrying value of Commonwealth's
investments, as proposed in the
plan, will result in a decrease in the carrying value
by an amount
not less than Commonwealth's
earned surplus as at April 30,
1943,
plus such earnings as may accrue
during the remainder of the year.
Thus, the management recognizes that the proposed dividend
1,875,000
500,000
profit
dividend
a
company's
"The
'
Net
the
lieu of
In its
$2,779,997
2,739,000
,•
—
—
the
accompany
that
made
April 30,
was
dend
$548,380
contingencies—,—
corporation
indicating
conditions
earned surplus at April 30, 1943 was shown in its
financial statements as $5,717,359.
The balance of net income carried
to earned surplus for the
period from Jan. 1, 1942 to
/;•
£•?&«;■«
$3-7^380
-
but before, taxes—
inc. & exc. prof, taxes-
charges
per
1942,
per
preferred
,
Domestic Subsidiary Sales. Company) ,; ;
1,
75c
$41,116,259.
•
Chicago Pneumatic Tool Co.—-Quarterly Earnings
''
share
per
April
Rifkind,
The
the
statement
This dividend is to be in
the
The corporation has outstanding 1,482,000 shares of $6 cumulative
preferred stock, \ Full dividends at the rate of $6 per share
per annum
were paid
on
the preferred stock until Jan. 1, 1935, and from that
date to April 1, 1942, dividends were
paid thereon at the rate of $3
conference of
pre-trial
a
~
that
was
a
One of
per share on the preferred stock included by the corporation as a
provision of its "Plan to Change the Capitalization of the C. & S.
Corp.," and will amount to $4,446,000.
The plan, filed April 20, 1943,
is now pending before the Commission.
_
creditors
with
capital.
or
after approval.
$3
Counsel for the company July 7 told Robert-P. Stephenson, Federal
bankruptcy referee, that company officials were making progress_ with
an
undisclosed plan which,
if successfully completed, might obviate
the necessity of determining the question of solvency of the «>mpany.
The counsel, Colonel Hamilton Gi Rickaby^ saidrM the . company
solvent on the basis of its last financial report, and he obtainedif]torn
the "referee
14th day
Commission
checks
paid out
"!•"
the
on
other
contend
than
that
a
and should not be ordered.
agreement
takes
debenture
holders' states
the
position,
same
that
it
Minneapolis Gas Light Co. and
one-stock reorganization is not
The trustee under the debenture
The
has
committee on behalf of the
objection to
a
one-stock
no
reorganization
provided that simplification of the capital structure is
embodied in a plan of reorganization
filed under Section 11 (e) of
the Act, approved by us, and enforced in the proper District Court.
The
present corporate structure of American Gas not only unduly
unnecessarily complicates
the structure and unfairly and in¬
distributes voting power among the security holders oi the
holding company system, but also the existence of any debt securi¬
and
equitably
ties
of
American
enmnonv
nnmc
Gas
would
ri/ifhino-
Hnf
tend
to
■iiininf
perpuate
ftfcOP.lc
that evil.
ftOllitiGS
ill
The holding
IvS
SUDSlCli&ry
Monday, July 12, 1943
COMMERCIAL & FINANCIAL CHRONICLE
THE
188
*
presently to be entered herein, to consider the disposition
of any sales consummated pursuant thereto, to con¬
plans for compliance with the provisions of Section 11 (b) and
of
said order, including the method of liquidating the indebtedness
owed by American Gas to the Minneapolis company, to entertain fur¬
ther proceedings, and to take such other and further action as may
be found appropriate in connection with this proceeding and such fur¬
ther proceedings and plans.
7
We have noted above the filing of a document by Community and
American Gas which purports to be a plan for compliance with Section
11 (b).
The document proposes no specific transactions, and does not
conform in outline to the steps we have found necessary in order to
ensure compliance by American Gas with Section 11'(b)
(2).
More¬
over,
a committee for holders of American Gas debentures has filed
a
petition for leave to file modifications to the plan, and counsel for
the holding companies has indicated on the record that their plan may
be
withdrawn.
Therefore, we do not at this time order hearings
thereon.'
.7'v
.7-V'7;: -77
We shall direct that hearings be reconvened promptly by-the trial
examiner, to consider in the first instance those issues relating to the
Minneapolis company, Hearings on those issues may, however, be inter¬
rupted at any time thereafter in order to give prompt attention to
whatever specific
transactions and plans may be submitted for com¬
maximum
the
sents
^
'
1
Gas s structure
and while the
management proposes to sell the other subsidiaries and use the piroceeds to acquire American Gas debentures at a discount, a common
stock structure would enable American Gas to comply with Section 1
(b) (1) by distributing its holding pro rata to its stockholders, and
thus eliminate dependence on the market for cash sales.
For these
reasons
a
common stock structure would aid compliance with sec¬
posed of its other subsidiaries.
Reduction, of American
to common stock would materially aid such a program;
■
and our present order thereunder.
these considerations, and assuming a continuation of
American Gas as a holding company owning the stock of the Minne¬
apolis company, the latter's structure is in itself complex, and Amer¬
ican
Gas's junior interest therein would not form a suitable basisfor supporting senior securities.
Two
objections have been suggested to our requiring that holding
company debt be eliminated as a step necessary to comply with Sec¬
tion 11 (b) (2). First, it is urged by the respondent companies and
the debenture trustee that Section 26 (c) of the Act limits our powers
and duties under Section 11
(b) (2), and that we may. not require
any modification of debt structures.
That argument misconstrues the
purpose and effect of Se.ction 26 (c), and lifts it out of its proper
(1)
(b)
11
tion
from
Apart
context.
,
the basis of the record in this proceeding, that
elimination from the American Gas corporate structure of the secured
debentures and indebtedness owed to subsidiary companies, and reduc¬
tion of the corporate structure of American Gas to a single class of
securities, common stock, are steps necessary to ensure that the corpo¬
rate structure of American Gas will not unduly or unnecessarily com¬
find,
We
upon
unfairly or inequitably distribute voting power
among
security
holders,
of
its
holding company system.
Our
order to be entered herein will therefore require that American Gas
change its present capital structure consisting of secured debentures,
indebtedness owed to subsidiary companies, and common stock, into a
single class of stock, namely common stock.
of
proceeds
the
sider
Redemption of Outstanding Debentures
The fifth issue in this proceeding is whether we should order, pur¬
suant
to Section
12 (c) of the Act, that American Gas shall not
acquire, retire or redeem any of its outstanding debentures except pur¬
suant to a declaration which has become effective in accordance with
the procedure specified in Rule U-23, and whether, pursuant to Rule
U-100, the exemptions provided by paragraphs (b) (4), (5) and (6) of
liule
U-42
should be withdrawn as to future transactions of that
character.
to us entirely appro¬
Withdrawal of the foregoing exemptions appears
priate
must
the circumstances.
We have found that American Gas
dispose of certain of its subsidiary companies and must recapi¬
under
talize
the
on
(b)
11
Section
with
of
basis
all common stock structure.
If compliance
is effected by sales of the securities of its
which American Gas states it prefers—the
an
(1)
method
subsidiaries—the
proceeds which, under the provisions
trustee will receive the
debenture
option of American
Gas for the purchase of its outstanding debentures in the open market.
A company in the position of American Gas must effect compliance
with Section 11 in a manner that is "fair and equitable" within the
meaning of that section.
A plan of compliance, whether partial or
total, cannot be approved by us unless we find affirmatively that the
"fair and equitable" standard has been met, and it is therefore neces¬
sary that any acquisitions by American Gas of its outstanding deben¬
tures
be
scrutinized
by us
in the light of that standard.
But,
especially in view of the terms of the debenture agreement, substantial
amounts of debentures might be acquired by American Gas under the
exemptions provided by Rule U-42 unless such exemptions are with¬
drawn pursuant to Rule U-100.
It appears, therefore, that in order to
bring transactions of that nature before us for consideration, with¬
drawal of the exemptions in question is necessary and would be appro¬
priate in the interest of investors.
Our order will so provide, and will
further provide, pursuant to Section 12 (c), that American Gas shall
not acquire, retire or redeem any of its outstanding debentures except
pursuant to a declaration which shall have become effective under the
procedure specified in Rule U-23; provided, however, that any deben¬
tures held in the treasury of American Gas at the date of our order
agreement, would be usable at the
of the debenture
herein
shall
Years—
Corp.
19, 1938, we approved Public Utilities Manage¬
ment
Corp. as a mutual service company subject to the condition,
among others, that if the operation of its cost-allocation method should
not result in a fair and equitable allocation of costs among the asso¬
ciate services companies we would require after notice and opportunity
By order dated Nov.
for
Gross
revenues
and
equitable,
and. to the extent that it would
retroactive adjustments of such cost
the
feasible
subsequent
development of standards culminating
.
,
,
Federal
excess
tax
income
Federal
As
result
a
of
for reexamining
this
and
other holding company and service
company relationships
became apparent.
In 1940 and 1941 all registered holding companies
and service compares were invited to discuss with the staff of our
Public Utilities Division servicing arrangements within their respective
systems.
At that time neither Public Utilities Management Corp. nor
our
decision
in
find
that
corporation
Inc., the necessity
Ebasco Services,
American Gas responded to this
We
the
_i_:
profits tax
taxes
income
—
taxes
after
Net
—
does
indirect
not
payment
expenses.
conform
with
of operations of the Management
the standards of Section 13 (b),
by
:
the operating companies
of
holding
company
post amendment filed by the Management corporation proposes
that as of Aug. 1, 1943, the following changes would be made:
(1)
All service
(2)
All
reacquired
(3)
:
July 31, 1943, and canceled.
balance of the stock would be acquired
The
(4)
All the expenses
by
American
Gas
•77.,
of the Management corporation would be paid
v
,■
.
■■■-■-
,■
American Gas.
proposed changes the service company can no longer be used
for
medium
charging the operating companies for the cost of the
holding company's exercise of control and supervision.
Accordingly,
we find that such changes will meet the requirements of Section 13 of
a
Act.
The
common
stock
the
and
acquisitions
sales
of
the
Management corporation's
will, therefore, be exempt in accordance with Rule U-40
(b) (3) from the provisions of Sections 9 (a), 12
and Rule U-43
(b)
(d),
and 12
(f) of the Act.
Reservations
Our order
of
Jurisdiction
to be entered
and
Continuation
of
Proceeding
this time, pursuant
to the above findings,
will prescribe the broad outlines of action required in order to bring
the holding company system more nearly into compliance with Section
11 (b) of the Act.
The statute gives the holding companies one year
to comply with our order, and they may submit a plan or plans pro¬
posing the methods they consider most appropriate for that purpose.
Certain of the issues stated in our notice and order of Sept. 24, 1942,
have not vet been
those relating to
15
the
(a),
15
(f)
and 20
Minneapolis
consider
and
at
considered by us.
Such issues include, among others,
the accounts of the system companies under Sections
(a)
company
Gas under Section
to
$862,002
301,806
$862,223
308,738
$560,196
412,381
$553,484
458,202
$2.44
$2.41
etc
income
Net
dividends
Cash
Earnings
.
—_
share
per
f
—
—
post-war excess profits tax credit, $2,723.
•Less
$1,
Consolidated Balance Sheet, Dec.
three
amended
$12,727,394;
assets,
$6,902,500;
debt,
funded
$5,727,525;
stock,
Liabilities—Capital
ac¬
payable—trade, $109,477; consumers deposits, $330,558; unre¬
deemed ice coupons, $1,900;
accrued tax liability, $306,741; accrued
interest on consumers deposits, $39,639;
accrued interest on funded
of
tion
reserves,
—V.
p.
earned
$1,107,504;
158,
for redemp¬
liability
$8,404;
and dividends thereon, $4,039;
$589,177; total, $15,219,496.—
sfock
surplus,
preferred
of
shares
75
liabilities,
other accrued
$92,033;
debt,
and
Nos.
22
2l/2% ;
to
redemption
for
as
first mortgage
1943,
15,
of July
at
100
dated July
serial bonds
1,
both inclusive, due July 15, 1945, bearing 2%;
both inclusive, due July 15, 1946, bearing 2J/2%; and
both inclusive, due July 15, 1947, bearing interest at
33,
21,
made at
denomination of $1,000 each. Payment will be
National Bank, New Orleansr La.
in
all
Hibernia
The
called
following
to
29,
to
30
Nos.
been
15
Nos.
common
Litch¬
Power Co.—To Purchase
Connecticut Light &
Co.
the
All
owned
Gas
NJ Utilities Co., which is a part of
Electric system.—V. 157, p. 2039.
Act.—V.
and
operating
:
—
___
478,943
709
declarations
debt
$2,207,958
—
$1,223,356
$1,254,615
income
1
43,389
53,415
—
$1,298,004
$1,276,772
12,000 shares 6% cum. pfd. stk.
share on 603,440 shares com. stk.__
72,000
1,146,536
——-
72,000
1,146,535
14,847
$79,468
$1.96
$43,389
$1.91
Earned surplus Jan. 1
Total
—_——
....
declared
Dividends
$6
sh.
per
$1.90 per
Earned
charges
surplus,
31.
Dec.
Earnings per share.....
11 (b)
of the Act, and the coroorate structure of
and the continued existence of American
(2).
determine
all
We shall,
matters
therefore, reserve jurisdiction
issues not disposed of by
and
Assets—Property,
plant
7
—
+——
Sheet, Dec. 31,
of
the
equipment,
and
$44,425,739.
Liabilities—First
bonds, Series A, Sinking Fund, 3%%,'
account pavable to parent comoanv,
mortgage
notes
demand
and
$12,500; accounts payable to affiliated
pavab'e. $8,000: dividend declared
March 1, 1943, $18,000; accrued taxes
(including $409,700 provision for Federal income tax), $429,058; accrued
interest on bonds, $258,708; accrued interest on obligations to parent
company, $13,296; accrued payroll and other expenses, $4,190; reserves
for depreciation, $4,640,736; other reserves and deferred credit, $413,443; 6%
cumulative preferred stock (par $100), $1,200,000; common
stock (par $25), $15,086,000; earned surplus, $79,468; total, $44,425,739.
$3,860,000;
such
acquisition
Natural
Gas
$5,340:
preferred
—V.
other
stock,
income,
Service
Miscellaneous
Total
Net
Shares
for
income
Quarter Ended
taxes
income
and
excess
of
;
$284,813
—
_r.~_
.
;
common
per
March 31, 1943
...
profits taxes
profit
Earnings
subsidiary companies)
—
245,020
—
Expenses—
—-—
cap.
•
income
and
hand
157, p.
203,000
$81,813
323,000
$0.25
...
stock outstanding
share
1741.-
1943
$27,827
•'!.•
,
payable
to
■
co¬
accounts and notes receivable, net, $10,980;
fixed assets,
$4,603,584;
-
i.
.
payable,
total,
and deferred charges, $72,794;
prepaid expenses
Liabilities—Accounts
trade,
$6,678;
accrued
liabilities,
$6,-
social security and Victory taxes, $2,689; accrued in¬
$329,175; lease deposits and advance rentals, $8,556;
bonds,
on
trust sinking fund bonds, $4,702,500;
mortgage and coll.
capital
31, 1943, $175,456; total, $4,890,294.
stock ($1 par), $9,542; deficit, May
—V.
(incl.
trust inden¬
$4,890,294.
accrued
$57,502
$67,905
taxes
on
vTV'
by co-trustee under terms of
cash held
$34,009;
ture, $118,927;
net,
bank
in
,
Balance Sheet, May 31,
Consolidated
Assets—Cash
trustee).
*
-------------------
depreciation, amor-
interest,
Federal
and
76,628
68,652
—
''"•••v--
bond
bef.
242,575
stock arid fran-
chise taxes ..ii.*.
Profit
1,668
$377,703
-
—
Property, social security,
6,671
2,683
$381,576
income
—
1942
$369,364
—
—
157, p. 218.
Stores, Inc.—Sales Increase 47.7%
Consolidated Retail
1943—6 Mos.—1942
1943—Month—1942
Period End. June 30—
$912,701
$1,347,803
Sales
$9,369,362
$6,587,091
2346.
157, p.
Consolidated
John
and
Telegraph
J.
Chief
Nilan,
director,
sufficient
157,
to
p.
been
elected a Vice-President
retired.—V. 150, p. 685. -
Bank, trustee, Baltimore and Light Sts.,
p.m. on July 20 receive bids for the sale
sinking fund bonds due July 1, 1960, to an amount
exhaust $304,592.63
now
held in the sinking fund.—
Baltimore
it of 25-year
V.
Co.—
Co.—Tenders Sought—
Consolidation Coal
The
has
Engineer,
succeeding Charles B. Fuessel,
National
will
Baltimore, Md.,
to
Subway
Electrical
&
Vice-President-—
New
until
1
5%
2446.
Gas
Consumers
Co.,
Reading,
Pa.—Acquisition
Ap¬
proved—
proposal of
provement
stock
of
Co.,
the
the company,
a
subsidiary of the United Gas Im¬
not in excess of 800 shares of capital
Co. within a year from the order of the
approved July 6 by the SEC.—V. 157, p. 2346.
purchase
to
Reading
Continental
'
Gas
Grain Co., Omaha, Neb.—Purchases Ele¬
vators—
nationwide operators, is reported to have bought 19
and warehouses from Updike Grain Corp., Omaha.
not announced.
Sale of the properties in Nebracka,
Iowa and South Dakota takes the Updike company out of the country
elevator business for the first time in 50 years, says President Updike.
The Updike company retains its 2,750,000-bushel Northwestern ele¬
vator at Council Bluffs, la., as well as its Omaha holdings.
This
company,
elevators
country
The
price
was
■
Crescent City Laundries, Inc., New Orleans—Suit for
V
$4,178,954—
N.
Max
Federal
in
Kohler,
District
of
Bay
Court
;
7;
'
,
•
•
-
•
-
v j
St. Louis, Miss., "a stockholder, filed suit
at New Orleans, La., July 2 against 24
and concerns asking $4,178,954.
persons
charged that the money was lost by the Laundry
over
more
than a decade by alleged irregular operations ofv
company's business.
His petition said most of the losses resulted frohi stock deals with
various
laundries
and cleaning concerns and alleged
that certain
individuals received part
of the stock which should have gone to
Crescent.
'
Firms named in the suit include Standard Fruit & Steamship Co,.,
Standard Fruit &
Steamship Corp., Weil & Co., Inc., all of New
Orleans; American National Life Insurance Co. of Galveston, Texas,
Dallas Rupe & Co.. Dallas, and Allen & Co. of New York.
Officers
and
directors
of
the Crescent
City concern also were named afe
defendants.—V. 155, p. 1507.
,\
Mr.
Kohler
concern
...
—V.
1943
$374,031
4,862
net-
the
Earnings
before
stock of Consolidated
exchange for
in
31—
income
accounts
Consolidated Biscuit Co.—Earnings—
Profit
made
{And wholly owned
6 Months Ended May
Rental
payable
157, p. 2346.
Federal
be
to
Co.
account,
deferred
comuarfes,
on
also proposes to acquire, in addition to the securities
companies, all of the outstanding securities of New
Gas Corp. held by Standard Oil Co. (New Jersey),
State Natural
including intangibles, $42,$37,494; securities owned,
cash in
$18,397,000;
Oil Co.
of securities to Standard
issuance
.
applications and
foregoing
York
Commission was
1942
banks, $60,739; accounts receivable from sales of elec¬
tric energy, $379,562; other accounts receivable, $15,532; materials and
sunolies, $104,711; prepaid taxes, insurance and other expenses, $43,970;
cash in sinking fund, $406,426; unamortized discount,
expenses and
premium for redemption of first mortgage 5% gold bonds, $1,252,953;
total,
on
in exchange for all of the outstanding securities of Hope
Co., The East Ohio Gas Co., The Peoples Natural Gas
The River Gas Co., presently owned by Standard Oil Co.
(New Jersey).
Consolidated,
120,205; construction work orders in progress,
$4,146;
15
cash:
in
pnvab'e
on
Miscellaneous
the
regarding
July
for
Gas
and
Co.
866
13,992
741
12,183
charges
against income..
705,919
107,280
156,545
691,669 *
107,703
156,545
—
expenses—_—___
parent company..
to
indebtedness
Other charges
hearing
(New Jersey)
Natural
567
$2,223,461
-•
.
discount and
bond
on
reconvened
$2,207,391
$2,222,752
.
interest
Other
Net
,
has
SEC
The
345,326
456,634
408,367
and other income—
funded
on
Aug.
mortgage
Consolidated Natural Gas Co.—Hearing July 15—
146,393
373,535
442,389
•
income..
operating
of
Trust
m.,
p.
590,711
108,847
income
Interest
of Bait.
Co., trustee, 16 Wall St., N. Y. City, will until
2, 1943, receive bids for the sale to it of first
sinking fund bonds at prices not exceeding 107
and interest for series N, 3V4%, due Dec. 1, 1971; at not exceeding 108
and interest for series O, 3'/4%, due June 15, 1968; at not exceeding
107 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
$68,412.55.—
income
1941
$4,225,398
■_
operating
Amort,
companies
2146.
p.
Bankers
refunding
—V.
Net
157,
o'clock
3
terest
1942
.
revenue
Depreciation
...
Taxes, other than Federal income tax—_
Prov. for Fed. normal income tax and surtax—
Net
(
remaining
•—Tenders Sought—
610;
$4,285,150
729,260
12 Months Ended Dec. 31—
Other
ten'
utility
Consolidated Gas Electric Light & Power Co.
the Asso¬
Connecticut River Power Co.—Earnings—
Gross
and
subsidiaries in Consolidated's system are
within the scope of the Act, and four
operate outside the
continental United States^ Consolidated, there¬
fore, will file application for exemption from the provisions of the
announced June 26 that
subject to the approvals of the necessary
bodies and of the courts, for the Connecticut company
all the capital stock of the Litchfield Electric Light and
for $485,000 cash.
stock
of the Litchfield Company at the present time is
by the NY PA
ciated
the
of
public
tization
arrangements had been made,
Power
subsidiaries,
Campbell, president of the company,
L.
the holders
to
proposed subsidiary companies will
Six
field Unit—
C.
5.5%
and
ten
not
^
regulatory
to
acquire
of
Consolidated Office Buildings Co.—Earnings—
the
interest,
1941:
elimination
voting power.,; It was
the outstanding preferred
its
redistribute
to
the
and common stock of Consolidated, and the issue
stock: 94.5% to the holders of outstanding preferred
holders of Consolidated.
84.
have
a
for
of. outstanding class A stock.
be Penn-Maryland Gas Co.,
Virginia-Carolina Gas Co., with nine.
Securities of six subsidiaries will be placed wth a new holdng com¬
pany to be known as Consolidated Stockholders Liquidating Co., and
stock of the latter will be distributed
tq the new common stock¬
with
Congregation of the Holy Name of Mary Roman Cath¬
olic Church of the Parish of Orleans, La.—Bonds Called
There
>
will
of collateral trust funds.
voluntary proposal to simplify Consolidated's
class A stock
new
funds,
counts
7';
issues
and
to
subsidiary
new
-■>:'/.•/
is consummated, it is stated, Consolidated
was
structure
provide
corporate
certain
stock; of
common
..
separate
initial plan
The
.
the plan
V. 158, p. 85.
1942
deposited with trustee un¬
der mortgage, $67,081; investments, $2,761; cash on hand and demand
deposits, $1,204,799; U. S. Government obligations, $275,000; accounts
receivable—trade
(less—reserves for uncollectible accounts, $22,954),
$381,806; notes receivable, $22,791; inventories, $320,547; insurance and
other deposits, $4,307; deferred charges, $213,010; total, 15,219,496.
Assets—Fixed
Balance
Under
as
$779,635
82,587
discount and expenses—;
.
at
at the same price
by
would be terminated,
contracts
the' stock of the Management corporation held by the
corporation, and one-half of the stock of the Management
held by each of the other onerating companies, would be
by the Management corporation at a price equivalent to
its book value
have
time
the
and
companies.
the
At
The
available for interest,
Balance
Interest and debt
of
corporation
subsidiaries
ating
holding
The
The
Jacksonville
6,104
260,440
$783,967
78,035
—--
—.
other miscellaneous operations.
&
Merchandise
202,021
3,568
272,125
.
taxes
Other
.199,742
358,964
.
invitation.
method
present
requiring fair and equitable allocation of costs among the svstem com¬
panies, or with the requirements of Section 13 (a), prohibiting direct
or
186,924
408,744
245,505
*24,510
,
and replacements
Provision for renewals
State
' 4,750
1,266,845
„
2,045,108
Maintenance
618,171
•.>
accounts
Operation
Interest
allocations.
in
—
—
general and administrative expenses:
Selling,
Provision for doubtful
prospective adjustments
hearing,
appear
•In a supplemental plan filed with the S.E.C., company asks for the
discharge of the aggregate of its outstanding indebtedness which, at
Dec. 31,
1943, it is estimated, will approximate $32,265,500.
All such indebtedness will be discharged in full by the delivery to
the holders thereof of the common stocks of certain Consolidated oper¬
stock,
1942
777- 1941
$3,970,452 $3,696,671
.
.
.
.
Consolidated Electric & Gas Co.—Files New Plan—
New
Calendar
July 7 announced that system output of electricity
on
company
(electricity generated and purchased) for the week ended July 4, 1943,
amounting to 189,300,000 kwh., compared with 148,500,000 kwh. for
the corresponding week of 1942, an increase of 27.5% .
Local distribu¬
tion of electricity amounted to 180,400,000 kwh., compared with 138,000,000 kwh. for the corresponding week of last year, an increase of
30.7%.—V. 158, p. 85.
-
of
(& Subs.)—Report—
Community Public Service Co.
Maintenance
Public Utilities Management
(6)
The
stock,
'
Operating expenses
excepted from the foregoing prohibition.
be
issued herewith.*—V. 157, p. 601,
pliance with our order to be
plicate the structure, or
(5) Acquisition, Retirement and
Consolidated Edison Co. of New York, Inc.—Output—
order
our
The leverage of holding company control repre¬
compatible with the standards of the Act even
without the existence of debt in the holding company structure
indeed, the debt and preferred stocks of the subsidiary companies
more
than exhaust the maximum of senior securities appropriate to
the structure of the holding company system.
The equity remaining
for the holding company is too thin to permit further stratification.
Our analysis of the corporate structure of American Gas and its sub¬
sidiaries compels us to conclude that only a recapitalization of Ameiican Gas, on a common stock basis, would bring its corporate struc¬
ture
into compliance with the standards of simplicity and fairness
embodied in Section 11 (b) (2).
.7 7*
■
We do not overlook the fact that American Gas upon compliance
with our order undfer Section 11 (b) (1) will probably have only one;
subsidiary, the Minneapolis company.
This does not, however, afreet
our conclusion that American Gas should have a common stock, struc¬
ture.
It is doubtful whether the separate existence of American '^as
as
a
holding company with only one subsidiary could be justitiea,
-.In fact, the debenture committee has proposed that American Gas
and the Minneapolis company be merged after American Gas has dis¬
operating companies.
.
Volume
158
Number 4193
1
THE COMMERCIAL & FINANCIAL
CHRONICLE
Crown Drug Co.—Sales Increase 8.7%—
'
Period Ended June 30—
Sales
1943—Month—1942
.',"$842,064 7
————————
—V.
157, p. 2247.
Diamond
1943—6 Mos.—1942
$774,730 >$4,967,148
>>:/ ,.:r"
•
,
Corp.—Sales Up
Period Ended June 30—
Sales
$4,496,664
V:■
Shoe
12.4%—
1943—Month—1942
Earnings of
Period End. Jan. 28-
1943—6 Mos,—1942
1— " $3,190,564 " $2,838,091 "$14,989,790
—V.
>
Gross
$15,150,573
157, p. 2248.
•
189
Fed.
income
(& Sub.)—Earnings—
Discount Corp of New York—$4 Distribution—
7
'
Calendar Years—
Total
7";:
operating
operating
Total
revenues
expenses,
>••>
•
■i7<^7:7-
—„
1942
i>
.1941
.
$5,199,692
—-
$4,425,268
——3,747,640
etc.
A
.■>•
dividend
$40,
par
with
3,325,270 .;
earnings from operations—,.—_—-—
$1,452,052
Profit on foreign
exchange———~——— >'
228
Net
.
earnings
,
i—,—I—.—'.
__i—i(net)_i——l—-—
Other
i*
T
other than
income
taxes
$3.40
has
been
declared
the
on
July 22 to holders of record July 8.
share
per
on
share
per
paid
15",
July
Dec.
29, last;
157, p. 1268. •
on
1942.—V.
$2.40
Other
stock,
This
20.
1,662-
Company—'
The
-
.
/
Gross
income
Interest
charges
.' Net
1
—
1
225,360
income
;
Balance
!—
$897,460
—
off
stock
and
the
who
dividends
had not
dends
the
on
those
to
arrears
few
holders
accepted the plan submitted in 1939
stock
common
in
settlement
in
stock
common
of
such
resumed
was
'
arrears,
Period Ended June 30—
Bullion output (value
of)
—V.
March
on
157,
2148.
p.
-
and
exp.
trust
1943—Month—1S42
$471,284
Gross
a
1943—6 Mos.—1942
$522,115.
$2,943,098
change
in
$3,452,659
Assets—Plant,
investments
accounts
property,
and
loans
receivable
governments,
$121,995
expenses
$60,556
22,454
22,334
$39,550
terials
accounts
and
receivable,
$36,169;
special
deposits, $1,474;
Cuban
National, Provincial
and municipal
deferred charges, $313,584; cash in banks and
receivable
supplies,
(less
$388,330;
Liabilities—Common
of $5,840),
$35,561,958.
stock
$163,796;
reserve
total,
(par
$38,222
>
Montague
will
be
President
in-
soon
nounced
Mr,
The
44,516
48,553
shares
Williams
the
of
has
joined
Vice-President
a
the
to
W.
G.
corporation
Vaughan,
60,000
shares
of
The
Operating
Other
\
'':-777:5
an¬
for
are
reserve
appropriations
'
-
Gross
successor
Minnesota
1941
177,668
ing
during
*
Other
at
effective
of
1,
1943,
the
certificates
Trust
Co.
Commission
has
.
$609,428
the
121,
$105
mortgage
1460.
p.
bonds
Electric's
.'
~ '
of
July 1,
Ebasco
&
Light
Light Co.,
were
the
.-
■>'-.
•
146,049
„
•
and
supplies,
7
>
37#
Liabilities—7e/c,
of
the
East--
-
"preferred
Power
'
'
*
HI, 1942
-
prepayments,
'
$14,584;
total,
Taxes,
Pet.
—
17.0
of
105,709
84,679
21,030
Total
sales
85.085
9,818
11.6
Amount
-
sales
restricted
to
as
Depreciation and
Net
"
."
1943
-
I
I
'
taxes
j
,
^ •7
1941
r
'1940
.
77
' ^
11,977,823
10,163,185
,
87,880
at
arrears
is
'
$236,528
notes
391,000
124,210
terms of
other
(less
Mdse.
inventories,
Other
assets
Fixed
incl.
$112,318
20.796
21,617 >>■>
merchandise
of
reserve
in
transit
Notes
Notes
payable
.
'
7
.
,
—
_.
Accounts
Due to customers
Reserve for Fed.
(current
to customers
Reserve
»
——>7
$25,748":""
>
32,500
—
—V.
644,242
(current portion)
oper.
of
rent
.*•:
Sheet,
on
oper.
part of
the
pro¬
May
170,980
18,256
128,326
57,689
____
applicable
(& Subs.)- -Earnings—
.1943 —3 MOS—1942
(&
Subs.)—Earnings—
1943—12 Mos.—1942
$7,915,792
$7,198,81-2
191,700
2,164,390
1,766,054
19,990
247,625
274,606
89,891
88,932
1,148,546
157,436
156,573
1,836,204
985,358
1,603,650
$125,687
revenues-
$2,569,144
$144,218
$2,519,027
8,834
20,962
74,245
103,073
$116,853
and
$123,256
$2,444,781
$2,466,071
devel¬
costs
<
___
___
19,959
1,160
71,666
26,809
$136,812
>$124,416
$2,516,447
$2,492,879
31,494
32,827
399,936
398,407
760
1,720
136
discount
19,754
6,969
51,305
72,258
$82,900
$2,054,667
$2,002,461
8,632
8,632
103,579
103,579
$95,790
$74,269
$1,951,088
$1,898,882
deducts.
Income
stock
10,538
$104,421
income
div.
Balance
require.
for
-
common,
dividends & surplus
157, p. 2347,
Engineers Public Service Co. (& Subs.)—Earnings—
> Period Ended May 31—
Operating revenues..—
Operation
Maintenance
$:
Other
1943- -12 Mos.—1942
'
36,949,791
11,903,815
Net
43,760,853
6,013,581
11,921,954
1,569,763
6,770,009
18,058,633
3,535,859
13,433,226
5,884,828
23,080,660
569,05?
6,872,831
1,060,703
793,344
12,579,614
7,906,112
593,906
7,054,657
6,890,057
$1,574,989
$1,336,134
21,573
Dr35,455
$1,596,561
$1,300,679
593,491
590,966
taxes_
revenues-
net
Balance
and
amortiz.
Balance
$1,003,070
Dividends
32,329,350
374,818
33,048,774
186,444
10,335,129
32,704,168
$18,494,601 $17,066,517
7,186,312
7,270,652
3,569,708
3,723,467
Cumul.
preferred divs.
Amount
applicable
Balance
;
14,560,469
its pfd.
6,61X662
18,345,507
18,885,615
1,972,816
7,890,933
10,454,574
10,998,570
264,902
543,415
428,084
405,571
but
not
of
in
credited
value
of
to
reserve
investments
for
in
owned
de¬
subs.
2,031,415
4,095,431
10,026,490
dividends
as
62,187
Earnings from other
>
10,026,490
10,593,008
310
715
895
4,095,741
10,027,205
124,616
4,459
deducts above:
declared
•
10,593,008
4,095,431
$4,522,240
—
incl.
cos.,
Interest
3,608,510
Light Corp.—
(as above)-3,608,510
876,743
$4,937,696
by parent company,
above
from sub.
Preferred
$5,398,983
company in excess of
requirements for the period, less
sub. company
a
deducted
24,245
$6,969,111
—
applicable to Engineers Pub. Service
"(•Amortization of discount applicable to bonds
Earn,
1,583,970
36,223
subsidiary
a
div.
preciation
2,788,667
$7,007,199
1,583,970
declared
Balance
&
$9,795,865
2,718,985
7,887,036
4,638,846
$11,308,289
minority interests—^
i._
minority interest,
5,845,895
1,972,483
earned
to
:
Earnings of
14,358,661
$709,712
stocks-
preferred
on
$8,589,304
33,446,084
397,310
declared
6,836,561
$18,674,971 $17,177,790
Brl80,370
Drlll.273
20,923,188
10,148,685
63,650
43,797
134,042
123,306
$5,197,574
$4,818,TT9
;
sources-—.
26,875
(net
of
current
portion)
10,000
—
$2,987,279
—
Other
9,128
Fed.
351,997
232,500
273,065
income
3,608,913"
taxes,
.'Fed.
income
Other
'
announces
that it has
outstanding preferred and
common
System, Inc.—V. 157, p. 2039.
*
...
-
>
'
/.
r
.;
••
&
>
of
'
World
'
10,593,903
4,835
,
8,424
5,245
4,864
19,332
•
'
deduct..
Balance
19,515
81,559
401,608
356,414
381,597
392,574
1,547,348
1,601,732
Broadcasting
consol.
•
"Full
earned
3,128,041
3,608,320
8,053,672
inc.. taxes
8,576,544
45,100
21,283
83,500
75,388
earned
dividend
or
to
surp.
3,082,941
3,587,037
7,970,172
8,501,156
requirements applicable to respective periods whether
unearnd.
—
480,199
Balance applic.
on
pfd.
to stocks of Eng. Pub. Serv.—
stock of Engineers Public Service
Balance
Earnings
"For
for
per
stock
common
share of
comparative
applicable during
Federal
taxes
income
of
the
taxes
$8,425,126
and
402,724
.$4,717,376
$4,415,695
surplus——
2,256,084
2,251,233
$2,461,291
$2,164,461
stock
common
Federal
purposes
have been restated to give
—:
carried
—
39,698
113,405
w
Total
Expenses, taxes and interest.
DivS.
taxes—Cr 18,965
other
Balance
acquired all of the issued and
shares
than
taxes
Expenses
Inter.
other
$1,824,867
.,
.
403
Total
\
610,761
income,
Interest
13,467,568
6,457,315
574,741
income
oper.
Other
3,906,841
501,825
—-
1943—12 Mos.—1942
$5,868,370 $79,061,259 $68,559,371
2,161,647
28,535,784
25,183,045
414,287
5,343,402
4,565,807
2,554,049
taxes
140,404,097 129,135,918
46.732,219
1943—Month—1942
$6,877,068
Depreciation
■
$
38,047, 001
equity ,of Electric
equity
to
$601,413
expense
Net
Pfd.
—V.
to
—
Power & Light Corp.
in
income, of subs.
Net
2
stock
Exchange.
provision
19-18-
188,904
public-
Electric Power
Approved—
on
July
preferred
payable
9,415,603
minority interests
Net
SEC
$6
26,900
income
Miscell.
81,
9,226,699
diet)
to
York Curb
Plan
the
ancl
$572,589
.-
of debt
and
deple¬
approp,_
deductions
Portion
255,095
386,867
—
income
Gross
Amort,
.hand, $15,912 ; caih held by* co-trusted
1,724, 535
revenues
divs.
by
$5
1943—Month—1942
Interest
which
3,873,412
*Pfd.
>_ 4,500
,
profits taxes, net
excess
—
corporation
account
4,561, 699
income
other
473,375
401,973
1,557
portion)_i—■
Decca Records," Inc.—Acquisition—
The
on
$18,779
1
3,436, 682
Prov. for Fed.
;.
collected
$28,457*
company acquired property),
transferred to co-trustee.
Net interest to public &
..
for
152, p. 2237.
$3,000
-
(date
12.640, 071
•___
taxes
and
Co.—Stock
•
.
indenture, $28,962; accounts and notes receivable,
land, $483,420; building (less reserve for
$92,548), $426,165; furniture, fixtures and equipment
for depreciation of $2,200),
$2,394; prepaid expenses and
reserve
Net
32,500
;
the New
on
$51,500;
.
Gross
1,250
contingencies
26,039
Preferred stock-(par $25) (net of treasury stk.)
>- 331,836
Com. cap. stock .(par $).)
(net of treas. stock)
232,500
Capital and earned surplus—...—— 665,348
Total
amor-
trust
/Period End. Jan. 31—
Subsidiaries— >
•
tion
$18,000
(net of current portion)—_—
inc. &
Mortgage payable
are
accounting orders of
Oregon and Idaho regu-;
of
permission
outstanding
:>
Balance
charges^ $33,315; total, $1,041,933.
Federal
$i~824,867
.
•—.•
Mortgage instalments payable
funds
Other- taxes
215,893,
.
(trade)
payable
expenses
those
9,594
99,190
*
.
payable (trade).———
payable
(officers)
Accrued
include
1936
in
Operating revenues
Operation:
Maintenance
672,950
$2,987,379,
——
(bank)
Idaho
certain
172,675
opment
Cr8,580
r
taxes__^.______
Electric Power & Light Corp.
$252,762
121,839
its
retirements
1941
1,362,924
'
Share
of
revenues
Exploration
of
reserve
——
Liabilities—
'•
71,544
$15,000,000
"Federal
assets', net of reserve_r2-.-——7r---X''''7;':'532,515. 7 549,828
charges -——
70,496
34,244
Notes
Due
"
26,714
—1
Total ;——
not
15,
assets,
Other 'Income
^
1942
net
33,701
■
$185,261
Deferred
;
90,000
,
to
with
and
granted
Taxes
$62,074
8,659
(trade),* $276; accrued liabilities, in¬
cluding salaries and wages, $2,762; accrued social
security and victory
taxes, $442; interest payable on bonds, $21,050; deferred
income, $6,698;
insurance premium
commitments, $702; lease deposits and advance
I rentals, $1,485; income mortgage sinking fund bonds, $1,052,500;
capital
stock •($!• par),
$16,784; deficit, $60,767; total, $1,041,933.—V. 157,
p. 218.
65,710
$421i795
;
'
receivable,
does
Balance
$266;
$250,971
—7.■, $872,791
and
which
proposes,
jurisdiction over
with the right to terminate
purchases at once in the event
change in the company's dividend policy.—V. 157, p. 2249.
•
Other
inter., depreciation,
_
Cash
Accounts
bond
.
depreciation
$6,872,609
>
,7
•
,
&
was
563
$61,735
June
under
Comparative Consolidated Balance Sheet, Jan; 31
•
Idaho
remaining
order
any
Net
included
>v
66,115
'
..
before
Prop, retire,
Assets—
of
Electric
its
.
comply
Commission
Bond
company
for
805
Assets—Cash in. bank and
6,555,523
1.
$812,795
profit for year—.'——---^
Dividends on cumul. p'fd. stock....
!
sell
in
El Paso Natural Gas Co.
1942
*•'
33,200
amount
exc.
Net
t
Trade
Depreciation,
279,285.
$10,487,593
gen-
and
'
305,405
$12,896,799
:
income
>
to
of
by Electric
to
Period End. May 31—
$61,511
income
Liabilities—Accounts
106,181
...
amortization
prqfits taxes
—'
*
expenses-,-.!—:-.,
fot Fed.
Idaho
Maintenance
$60,931
income
deferred
$12,896,799^ $10,182,188 f $6,593,323
occupancy,
profit before
Provision
by the SEC.
stock
$100).
after
holding
request
1
Co.—Earnings—
L
''Rental income
in
dividends), $454,225;
subsidiary companies) V
Income Account,' Years; Ended •;Jan. 31
'
———...
Cost of.sales, incl".
eral and admin,
(par
preferred, $6,000,000-
Operating
-
stock
.1.
—
to
the
mar¬
24.8
94,903
&
tikatiq'n and Federal income
i
cumulative
——
Layaway
Federal
the
26,064
1942
property, social secur., capital stock
on retirement of bonds___—
Profit
$14,-
'
1942
Sales
will,
21
common
shares
The
153,552
1943
Expense
Gain
'
'
use
the open
proposal, which was the third similar plan made by
company
since May, 1941, was limited to nine months
as set forth
in the corn-1
pany's application, and the SEC imposed several
conditions, including
the filing of
weekly reports on purchases with the Commission,
quar¬
terly reports to stockholders and the retention of
179,616
r
<■,,
wholly-owned
'
in
the capital contributions, con¬
Idaho. As an aid affecting suchElectric, proposes that such 90,000
stock, shall be changed into 450,000 shares of com¬
the
through purchases
Co.
Light
(net)
Total
$23,075!
7:-r—v
Darling Stores Corp.—Annual Report—
(And
enable
acquire
—Thousands of Kilowatt-Hours—
'
Ended May 31—
Miscellaneous
24,784:
246.592
total, $14,709,395.—-V. 157, p. 2447.
Comparative Consolidated
which
entire
upon
Electric
compared with the corresponding week
as
>
&
&
Power
■"Rentals
282,180
65,000
Dec.
"
earned surplus (including $420,021
'
common
common
to
The
the system inputs of client operat-<
Services, Inc., which are subsidiaries of
Co.,
Electric Power & Light Corp.,
and
Light Corp.
Light Co.
Power
6 Months
(par
$106), $384,300J
common
stock (par $100), $3,250,000;
long-term debt, $4,603,000; ac¬
counts payable, $151,580;
currently maturing long-term debt, $27,500;
taxes
accrued, $363,561; interest accrued (cash in special deposits),
$138,915; other current and accrued liabilities, $6,883; deferred credits,
$65,742;
reserves,
$2,613,689;
capital surplus, $2,650,000;
corporate
.
to
proposes
value of 60,000 shares of
common, crediting that
total amount
capital surplus; to charge to capital surplus the: sum of
$6,267,000
and credit that amount to
Electric plant adjustments; to
charge to
earned surplus
the sum of $81,575 and credit such sum to
Electric
plant adjustments; to amortize $1,905,410
remaining in account 100.5
in equal annual installments over
a period
of 15 years beginning with
the year 1943.—V.
157, p. 2447.
,;>>-:.>
1943,
810 South Spring Building
$330,640
$194,443
....—.—
Sheet,
$123,305;
—-
outstanding
150,000
Operation
Assets—Plant, property and equipment, $13,404,305; cash in banks,
demand, $902,573; special deposits, $138,915; working funds, $13,445;
temporary cash investments, $100,000; accounts receivable, $12,268;
709,395.'
Ex¬
interest
to
system Inputs of any; companies
periods.—V. 158, p. 86.
>
on
materials
the
of
face
$329,665
12,849
.
Balance
1
It
and
stock
contribution
In compliance with the
above orders Idaho proposes to reduce its
capital stock liability in the total amount of
$6,267,000 of which
$267,000 represents face value of 2,670 shares of
Commercial
The above figures do. not include the
not appearing in both
186,063
$463,379
—
V&' preferred dividends.,—
.'*iCommon dividends
—i
t
capital
shares-to purchase
latory bodies.
such
•—Increase—
American
Electric
$515,728
$489,046
281,753
.—
bonds__
deductions
;
of
(par $20).
capital contributions
gram
follows:
as
Operating Subs, of—
416,523;
25,667
income
_
Securities
common
stock.
common
stock,
The
share
per
representing
granted
first
such
90,000
the
entire
satisfactory market conditions,
Idaho,
mon
of
under
.,
...
Net income
to
all
consists
of
of
New York and Foster W.
Doty permis¬
Holding Company Act proceedings against Eastern
Corp and Wisconsin Hydro-Electric Co. Both parties
company.—V.
of
with
its
gratuitous
a
stock, par $100.
the proposals will be held July
on
time
shares of
all
consisting
redemption to be made at the
St. Louis, Mo., upon surrender
Co.,
of
price
filed
sell
making
latter's preferred
stitute
v
,
this
sale,
declaration
in
Power
1942
National
mortgage
Exchange
trustees
companies
162,120,
613,127
r
-
———
on
profit
Ebasco Services, Inc.—Weekly
Input—
26,878
revenues
corporate
Interest
become
redemption
form
2,393,027
■
.
property—
Other income
to
such
proper
For the week ended
'
Balance
&
National Power &
310,734
«■• *
'.L/^—————
leased
permitted
Trust
and
Power
$3,514,275.
—
;
operating
Net
Rent
excess
2347,
p.
intervene
em
Account—
2,914,259
<
taxes
Property retirement;
to
American
" 1942
$4,625,217
)
—
expenses
Federal taxes
and
after
Aircraft
Dallas Railway & Terminal Co.—Income
revenues-
26
Union
in
157.
Securities
Minnesota
he
Calendar Years—-
Louis
cancellation
sion
the.
formerly Assistant to the Chairman of the board
Vultee
St.
National Bank
and
is President.
He will make his headquarters in the offices of Curtiss-Wright at 30 Rockefeller Plaza, New York, N. Y.—-V. 157, p. 2346.'
*
income
hearing
Electric owned
Eastern Minnesota Power Co.—To Intervene—
to
President,
of
shares.—V.
77
Assistant
as
June
on
(par $100),. at the
dividends to July 1, 1943,
for
„
above
serve
S.E.C.
office
30.
was
Consolidated
Operating'
include
$77,542"
157, p. 2248.
shares
plus
Corp., on leave of absence from
the Russell Manufacturing Corporation of
Middletown, Conn., of which
7
not
A
$77,479
filed regarding its
proposal to redeem, on or before July
outstanding shares of it's 1% cumulative preferred stock
ma¬
$100),
executive ..capacity,
June
on
Williams
elected
an
75,388'
or to acquire by tender, at prices not
exceeding face amount and
its
gold
debentures,
5%
series,
due
2030.
There
were
$29,178,000 face amount of the debentures
outstanding May 31, 1943.
Electric
will
also
make
a
capital
contribution
to
Idaho
of
3,670
East Missouri Power Co.—Retires
Preferred—'
-
Curtiss-Wrigtit Corp.—-New Official—
7 George
do
expenses
petition
a
proposes' to
Co.
shares
•
850
surplus,,$1,440,850; total, $35,561,958.—V. 157, p. 1177.
83,500
.
in
Power
of
subject
$13,782,000; 6% cumulative
preferred stock (par $100), $6,071,100; long-term debt, $3,745,238; de¬
ferred liabilities and deferred income, $656,624; accounts. payable,
$74,176; accrued taxes, $530,139; reserve for depreciation, $8,843,279;
reserve
for
deferred
receivables,
$400,000;
capital
surplus, $18,552;
earned
earnings
taxes.—V.
$2,515,661; U. S. of America certificates of indebtedness,
1943, $1,000,000; U. S. of America Treasury notes, tax series C,
$300,000;
21,283
interest,
$126,095
from
$666,078;
8
45,100
ket,
1943—2 Mos.—1942
$62,004
Note—Operating
miscellaneous
hand,
on
series E,
v
Net
.
$30,176,866;
etc.,
6
proceeds of the remaining
1943—Month—1942
earnings
Operating
Sheet, Dec. 31, 1942
equipment,
17,420
011
Commission
Idaho
Idaho
,
Balance
-
38,844
bonds
Corporation
'
Consolidated
37,958
,>$954,609
^ $463,559
$1,553,192 $1,430,582
Proposes to Sell Stock of Idaho Power Co.—
/-The
.
Period End. May 31—
divi-:
31/-1943, by
quarterly dividend of V/c,
9,614
...retired
East Kootcnay Power Co., Ltd.—Earnings—
;
preferred'
of
9,385
trust
Prov, for Fed. inc. taxes
Dome Mines, Ltd.- -June Output Decreases—
v
receive cash
to
Payment
1,545,460
discount
'Net Income
$476,397
of
1.509,384
Company
Nete—Quarterly dividends on the preferred.stock.for the year. 1942£
were-currently declared and paid.
As of March 31; 1943, the company
paid
382,960
^
debt
Premium
.
$840,663
364,266--
364,266
collateral
of
collateral
.
$1,261,726
preferred dividends
19,515
356,414
.
SEC
ruled June 7 that the Fund, a Delaware
open-end manage¬
company, has ceased to be an investment
company,
The order
exempts the company from the provisions of the Investment
$1,166,172
; 325,509
$1,487,086
-
:
^
19,332
401,608
exp. on debentures
Other
interest
deduct._
ment
:"C
39,698
4,864
372,212
debentures,.
bonds
Amort,
Diversified Investment Fund, Inc.—No
Longer Invest¬
ment
$1,164,510
34,806
$3,523,329
5,245
81,559
&
64,512
8,424
4,835
on
Int." on
1942,
$3,610,225
113,405
Interest
compares
Oct.
on
1943—12 Mos.—1942
$972,263-
Crl8,965
taxes
Expenses
capital
$1,099,998
$1,452,280
income
$4
payable
and $1.20
Net
,
of
$1,480,581
taxes,
,
Fed.
Cuban Telephone Co.
Company Only
1943—3 Mos.—1942
•
$1.29
income
excess
$1.13
profits
taxes
effect to the provisions of the Revenue
respective periods.
include
for the
and
provisions
12
months
The
for
ended
amounts
estimated
May 31,
shown
excess
1943
for
Acts
the
profits
(1942,
$3,-
952,426), after deducting post-war credit of $935,913 (1942, $264,687).
(Engineers Public Service Co. in 1938 set up in a reserve for depre¬
ciation
in value of investments in
resenting
the
estimated
loss
in
subsidiary companies an amount rep¬
investments, including provision
such
CMK/rfetgtnwM!awm.
Jw: vtfWsvwifM!
which may be sustained
cumulative dividends on preferred
stock of Puget Sound Power & Light Co., a subsidiary company, held
by the public.
In compiling consolidated figures, commencing Jan. 1,
1939, Engineers Public Service Co. adopted the policy of reflecting all
changes in surplus of Puget Sound Power & Light Co. in the reserve
for depreciation in value of investments in subsidiaries.
for
of
.
A;"*,
.
Earnings of Company Only
v.
12 Months Ended May
Total
Other
.
31—
-
„
_
taxes
-
taxes"—+-———
•
■.
;
Balance
Interest
c'H
—$2,637,929
;
2,256,084
dividends
Balance for common
•
stock
300,022
108,465
Cr5,763
$2,902,312
;
——-■
$2,902,312
2,251,233
$651,079
$0.34
$381,845
stock and surplus
Earnings per share of common
1942
$3,305,036
263,097
208,935
8,029
$2,638,067
138
'
$0.20
.———
Sales
-
—'V.
157,
Co.—$1 Distribution—
v a dividend of $1 per share has been declared on
the capital stock;
par $50, payable Aug. 2 to holders of record July 15.
A like amount
was
paid on Feb. 1 and May 1, last.
Payments in 1942 were as
follows:
Feb. 2, May 1 and Aug. 1, 50 cents each, and Nov. 2, $1.—
157,
Radio Corp.—Annual Report
Ended April 80
1942
1941
1940
Farnsworth Television &
Comparative Income Account, Years
and
royalties
fees
1943
sales,
license
from
inc.
Gross
$5,165,905
$2,922,576
17,074,750
9,707,372
5,332,208
3,632,542
$2,518,637
sold.
—
t$ 166,302
+$709,965
87,358
49,767
1,679
$2,648,269
$813,105
116.264
§1,362,000
170,867
income
after other inc.
Profit
deductions
——_
(est.)
result from set¬
income taxes
Fed.
$725,747
129,632
Operating profit
Other
Credit
$$116,535
91,122
+$708,286
41,455
profit
of $250,000, set up for
reconversion
share
per
on
of
the
Balance Sheet,
depreciation and amortization of $321,707), $899,678;
applications and research costs (less reserves for
$313,925), $1,143,251; deferred charges, $25,582; total,
(less reserves for
patent
.
amortization
of
Assets—
to
to be applied in payment thereof, $650,000),
credit against royalties, $153,897; reserve for
tax savings notes
for
reserve
civilian
capital-surplus, $2,727,182; earned
——
Special deposits—cash
_
receivable
Materials and supplies for operation and
notes
and
Accounts
resale
for
Merchandise
entire
sales
—
In
437,291
18,830
65,723
43,287
1,056,270
444,118
7,747
const.
83,944
—.
—
1,127,595
——
General Foodds organized
1933,
The
the
$4,361,891
7,873,545
2,602,520
18,896,999
-———
(par value $15)
stock
stock
Subsidiary co.'s
Funded debt
—
34,187
486,464
liabilities
——.
49,918
of
aid
in
Contributions
Capital surplus
Earned surplus
53,696
6,407,966
—_i_.————-—
—
51,352
412,491
520,092
debt——
Unamortized premium on
Reserves
180,000
467,156
30,780
57,131
current
Other
126,269
832,258
1,097,620
30,651
preferred dividends
liabilities—
Other
164,623
971,262
taxes_
accrued
Other
485,747
134,055
profits taxes.
excess
48V,985
175,730
interest——.—
Accrued Federal income taxes
Federal
7,873,545
2,602,620
18,823,128
14,582
506,391
Other accrued
Accrued
$4,387,400
410,174
/———!—
Equipment notes payable
Accounts payable
^
Customers' deposits ——i
ZAccrued interest on funded debt——.
5,598,713
278,466
301,145
construction.
338,094
333,338
4,168,152
————
4,309,308
$49,423,989 $47,513,358
$810,000:
deferred
Gloversville RR.—Earnings1943—5 Mos.—1942
Fonda Johnstown &
1943—-Month—1942
$72,858
$59,970
44,725
39,609
period End. May 31—
Operating
Operating
Net
revenues
expenses
$28,133
Ry. tax accruals
Drl22
Other
$17,721
Dr682
$24,531
$17,039
Dr691
income
sheet.—V. 157, p. 219.
cents
Gas
General
of reorganization for the company, filed last month
Associated Gas & Electric Corp., parent of General
Gas..
The plan, calling ior divestment of General's assets, simplifi¬
cation of its corporate structure and more equitable voting power,
was
proposed as an amendment superseding the plan of recapitaliza¬
tion filed previously by General Gas.
In setting
a date for a hearing the Commission
said that it ap¬
peared inappropriate to consider the plan, not joined in by General
Gas, as an amendment to the plan previously filed by General Gas.
As the proceedings on the plan filed by the trustees involve questions
of law and fact common
to the proceedings heretofore held on the
on
plan
new
a
of
trustees
filed by General Gas and to "death sentence" proceedings insti¬
by the Commission, the Commission consolidated all proceedings.
filed by the trustees is predicated upon the prior or simul¬
taneous consummation of
transactions affecting certain subsidiaries
of
General Gas.
One of these,
the consolidation of the Lexington
Water Power Co. into South Carolina Electric & Gas Co. has already
plan
tuted
The plan
been
approved
ance
to
corporation for the fiscal year ended
April 30, 1943, with review of the company's operations and financial
position by E. A. Nicholas, President, shows gross income, from sales,
royalties and license fees,
amounting to $26,583,301, as compared
with $10,433,118 for the preceding fiscal year.
,
the
profits taxes, but after
renegotiation of war contracts, was $2,532,005, and, after taxes and
including a post-war credit of $98,000, but before giving effect to the
post-war reserve referred to below, was $1,170,005 as compared with
a net profit for the preceding year of $642,237.
No income or excess
profits taxes were payable on the profit for the preceding year and
during the present year a substantial carry-over tax credit was ap¬
before
Profit
t'-,
of
of
Florida Power Corp. from General Gas of the common stock
Power & Light is pending uefore the Commission.—V., 158,
by
$280,471
194,567
$162,773
$85,904
14,507
Dr5,838
$72,936
Dr3,445
$142,427
1,132
—
Federal
income
and
excess
Reserves
reductions
of $1,153,656 were made during the year on
a result of the renegotiation agreement
Gov¬
with
agreed upon.
The
ernment contracts and as
a/cash
Government,
the
refund
of $6,998,913 was
of $1,170,005 before post-war reserve was equivalent to
$0.84 per share on 1,400,997 shares of capital stock outstanding.
A reserve amounting to $250,000 has been set up for
post-war re¬
conversion to civilian operations.
After giving effect to this reserve,
the balance transferred to surplus amounts to $920,005.
The company
net
profit
Is
now
excess
the
—V.
Net
•
,
$13,269
$136,704
2,778
$63,941
2,783
$602,504;
550
furniture
application for relief in connection with its
profits tax base; which if allowed will result in a revision of
preparing
an
mentioned
above
taxes.
gross
at the
March.—V. 157, p. 219.
company's Marion plant last
the
C.
elected
been
Taliaferro,
2nd, Treasurer of Incorporated Investors, has
President of Fidelity Fund, Inc., succeeding Richard N. *.
Johnson,
who
per
common
and Samuel Vaughan, Clerk.
The board of directors now consists of George R. Harding, Edward C.
Johnson, 2nd. and Philip H. Theopold.—V. 156, p. 2130.
Fiduciary Trust Co. of New
will
be
Hearing has been set for July 13 on the
an order by the SEC declaring that it
ment
company
dividend
stock,
April
cents per share has been
I,'
profits
of
excess
($1
application of the company
has ceased to be an invest¬
the Investment Company Act
Operations of Stokely
Brothers
Co.—25-Cent Distribution—
on July 1 declared a dividend of 25
cents per share
stock, no par value, payable July 15 to holders of
This compares with 35 cents paid on Dec. 15, last,
and
income
for
reserve
of
tax
accrued payroll and other
Government bonds, $9,341;
profits taxes, $1,088,081; common stock
excess
$199,000; earned surplus,
donated surplus, $45,596; total
par),
$1,023,620; capital surplus, $305,$3,033,440.—V. 157, p. 2348.
General Water, Gas & Electric
Co.—Annual Report—
Corporate Net Income for Calendar Years
v
u'
liquidation
Other
Total
income
10,421
notes
Earn,
—■
15,428
requirement on
5,704
$466,986
$3
cumulative
225,516
....
share—
common
revenues
$1.11
Calendar Years
1
,
income
$241,470
$0.47
„—
Income Statement for
'
225,516
$101,537
—.
Consolidated
Other
170,685
—$327,053
—
of net income————
per
5,000
95,729
installment
stock
preferred
73,504
15,000
—
dividend
Annual
$721,879
59,84(3
——
.
interest
Net income
14,688
$513,053
——
—
Operating expenses and taxes—
Provision for Federal income tax
Interest
on
first lien bonds and
Other
7,150
3,600 "
——
-—
$450,004
250,038
$297,953
201,080
dividends
and
interest
1941
1942
•
interest from present consol. sub.
Dividends from Cal. Water Service Co
.
Dividends from subsidiary now in process of
&
Dividends
Balance
Acquire Domestic
The
on
the
record
directors
common
July
8.
on
Gar Wood
July 15,
1942.—V. 156, p. 2223.
Industries, Inc. (&
6 Months Ended
Net sales
& State
Prov.
for
—
income taxes
inc. & exc. profits taxes
post-war
(pro-rata)
Subs.)—Six-Month Earn.
April 30—
—
Profit before
declared on the common
Oct. 15, 69 cents each.—V. 157, p. 1178.
depreciation and amortization
special tool rights (less reserve for
other assets (including post-war
$57,200), $69,060; deferred charges,
(less reserve for
total, $3,033,440.
Operating
$2,334,241
—
1941
1942
.
$2,263,990
225,548
294,606
$2,559,789
$2,558,605
1,378,011
1,355,368
481,716
170,000
533,778
141,212
$530,062
$528,246
—
adjust,
and
1943
1942
$22,588,303 $17,532,063
3,158,699
2,335,242
2,295,253
1,578,000
rehabilitation
Net
!
profit
•Equivalent to $0.59 a share on
p.
86.
•
Net
income
Undistributed
Service
Total
Annual
,
—
net
income
of
California
Water
94,630
income
net
dividend
requirement on
Note—For
has been
net
$568,271
$3 cumulative
225,516
income
comparative
purposes
the
statement
225,516
$399,175
stock
of
40,025
$624,691
Co.
275,000
$482,242
shares.—V. 158,
*$588,446
1,000,000 common
:
».
Operating expenses, maint., taxes & depreciation
Interest and other deductions,—i.
Provision for Federal income taxes
.
preferred
275,000
-
—
income
Total
Balance
$25, payable July 15 to holders of record July 2.
This
with 62 cents paid on April 15, last, and 63 cents on Jan. 15,
in 1942 were as follows:
Jan. 15, 68 cents, and
the meaning of
inventory, $393,980; cash sur¬
$16,055; machinery, equipment,
insurance),
(The) Fresnillo
Payments
15, July 15 and
life
$207,728), $218,173; patents and
of
$37,574),
$9,864;
Co., Inc.—Latter to Acquire Stock Control,—See
Stokely Brothers & Co., Inc., below.—V, 158, p. 86.
par
compares
1943.
Light Co.—63-Cent Div.—
fixtures
and
&
associated
of 63
within
of 1940.
Fed.
A
Engineering Co., Inc.—Hearing
for
Auchincloss
Fitchburg Gas & Electric
'
19RQ
$835,644; U. S. Govt, securities,
banks and on hand,
in
(officers'
Liabilities—Accounts payable, #188,951;
accruals, $172,867; employee payments on
of
Foundation Industrial
$1.31
28, 1943
Sheet, Feb.
accounts receivable, $878,617;
value
$9,543.;
share
cents
Works Co.—25-Cent Dividend—
share has been declared on the common
;oek, par $10, payable Sept. 1 to holders of record July 31.
A similar
istribution was made on March 1 and June 1, last, as compared with
I on Nov.
10, 1942.
The previous payment was made in 1930.—
TV
of
984;
dividend of 25 cents per
quarterly dividend of 15
York—New Director—
has been elected a director of this company
with the investment department, it is an¬
nounced.
He recently retired from a partnership in the New York
Stock Exchange firm of Cyrus J. Lawrence & Sons.—V. 157, p. 1361.
Russell
C.
Common
dividend of 25 cents per
1R7
render
21.
and 25 cents
and
Machine Corp.—Smaller
Fort Pitt Bridge
A
resigned on July 7.
the corporation are: Ralph B. Williams, Treasurer;
Shannon, Assistant Treasurer,
$397
$73,178
on
July
119,400
share
refund
—
$564,
$9,118
•
the preferred stock, both payable Aug. 1 to holders
Distributions of 50 cents each were made on the
common stock on Feb.
1 and May 1, 1943, and in each quarter during
1942.—V. 157, p. 1424.
Other officials of
Gwen
2,464
on
common
share
per
record
To
Fidelity Fund, Inc.—New PresidentEdward
2,464
July 7 declared a
stock, and the usual
directors
The
income
its
im
recognition of its accomplishment, the Army-Navy "E" award for
"high achievement in the production of War material", was presented
58,284
493
fixed
—
$260,016
$2.33
amortization
Foote Bros. Gear &
and profits, after taxes and reserves, were
largest in the company's history.
Net working capital at April
1943, was $2,931,337, an increase of $1,396,292, as compared with
working capital of $1,535,045 shown at April 30, 1942.
The
company has contributed its utmost to the war effort by
research, engineering and production during the past year, and
Both
11,663
58,297
2041.
157, p.
$463,149
„
Consolidated Balance
493
■
1,030,881
119,400
profit
Earnings
Dividend—
on
plicable.
Price
charges
$568,909
—Crl34,322
273,215
170,000
.
excess
Dividends
11,661
after
Income
J
profits taxes.—
provided out of surplus
550
deductions
Other
—_
Balance
♦Deferred charges
Federal income and
6,627
roads—
1942
$1,057,931
317,759
>..■*) 78,565
92,697
$1,494,930
(net)
Depreciation and amortization—
Taxes (other than income taxes)—,
administration
Selling and
$69,490
903
1943
$2,706,652
951,868
106,531
154,223
less cost of goods sold-
Net sales,
12,968
$148,265
Subs.)—Earnings—
General Instrument Corp. (&
Years Ended Feb. 28—
•
$143,331
deductions
Int.
123,776 shares
of
Gas
Georgia
$21,822
—
—,
leased
for
Rent
The plan provided for the issu¬
(substantially the entire issue)
the Commission.
by
General
preferred stock, $50 par, of the merged company.
The proposed merger of Sanford Gas Co., Santa Fe Land Co., and
Florida Public Service Co., into Florida Power Corp., and the acquisi¬
5%
of
Assets—Cash
report
Corp.—Reorganization Plan
Commission has set a hearing lor Aug.
The Securities And Exchange
by
3,032
for fix:.
avail
Electric
&
Hearing—
2,017
'
charges
paid.
was
quarterly dividend of
stock, par $10, to
share on
per
$16,302
Miscell. deduc. fr'm inc.
Corp.—Annual Report
of Texas—Dividends—■
par
the 6% convertible preferred
holders of record June 20.—V. 157, p. 2041.
15
$23,839
income
Total
$385,589
222,816
Dr737
$25,253
income
oper.
ry.
2,640
—
Ry. operating income
Net rents .
——
Net
$20,361
2,880
frm. ry. oper.
rev.
stock,
P.' 86.
•—V. 157, p. 2448.
Income
annual
a
July 1 paid a dividend of 20 cents per share on
$5, to holders of record June 20.
This is the
on
company
common
tion
procedure. The Agreement runs to Dec. 31, 1944,
Bank loans payable under this Agreement are reflected
The
Inc., which has
E. Maling,
B.
first payment since Jan. 2, 1942, when 10 cents
The
company
on
June 30 paid the usual
9
Common
of post-war reconversion to
stock (par $1), $1,400,997;
surplus, $549,692; total, $14,983,962.
Radio
.
of
plant at Hillsboro, Ore.—V. 157, p. 2448.
$49,423,989 $47,513,358
V-Loan
Farnsworth Television &
-
personnel
General American Oil Co.
65,506
——
Preferred stock
during the past year as a result of greatly increased
production.
On Dec. 31, 1942, a new Credit Agreement
with a group of commercial banks was completed pro¬
viding for loans up to $6,000,000 under Regulation
:
operating
and
distribution.
of
1942 •. ■
.■ • 1941- 1
$44,426,502 $43,386,098
2,509,787
1,717,737
5,373
753,417
788,122
——
assets
Other
sary
in the above balance
$1.58
31
etc
taxes,
insurance,
Deferred charges
Financing—Additional financing became neces¬
New
substantial packer of
Foods for several years.
Ray-Maling will con¬
tinue with General Foods, except for Harold W. Ray, President of the
company, who wishes to retire from the canning field.
It is expected
that the Ray-Maling cold pack and canned goods lines will be con¬
tinued
under the present brands and through the present channels
The
~'
■
assets
Capital
Cash
income, $33,333; reserve for cost
operations,
$250,000;
common
royalty
;
Total
banks, $5,149,654; accounts payable,
$3,769,790; accrued local and State taxes, $16,020; accrued Federal
capital
stock tax, $50,000; accrued' vacation pay, $56,417; accrued
interest, etc., $16,979; Federal taxes on income (est.) (less U. S. Treas.
payable
Liabilities—Notes
of Ray-
fruits and vegetables, with head¬
The Ray-Maling company has been a
August.
Birds Eye Frosted
and $76,075 for post-war
Consolidated Balance Sheet, Dec.
■V
$14,983,962.
•
the purchase
refund.
Accrued
April 30, 1943
$4,344,146; office cash funds, $1,996; trade accounts
receivable
($4,093,911 on war production contracts assigned as col¬
lateral on notes payable to banks), $4,266,028; inventories, $4,188,028;
investments and other assets, $115,254; property, plant and equipment
Assets—Cash,
contract for
a
packer of canned and quick-frozen
a
$1,094,089
266,244
1,443,483
$1.50
.—
—
signed
has
corporation
quarters at Hillsboro, Ore., and planus at Woodburn, Ore., and Yakima,
Washington.
The contract, subject to approval by Ray-Maling stockholders, calls
for exchange of Ray-Maling properties for 28,023 shares of General
Foods common stock.
The acquisition is expected to be completed late
$2,270,418
795,539
380,790
266,115
918,580
-V-. $1,057,074
—
\
dividends
Liabilities—
outstanding 1,400,997 shares
stock amounted to $0.84 in 1943 and $0.46 in 1.942.
Note—Earnings
patents,
Consolidated net income
Common
9,692
Total
—
giving effect to post-war reserve
to civilian operations.
capital
$2,070,685
1,003,920
——.—
Preferred dividends
Cr25,800
—**$1,170,005
$642,237 t$181,857
t$749,741
*After renegotiation refund of $6,989,913.
tlncluding engineering,
selling, administrative and general expenses, depreciation and amortiza¬
tion.
ILoss.
^Includes Federal excess profits tax of $882,000 after
estimated post-war refund of $98,000.
The company is preparing an
application for relief in connection with its excess profits tax base,
which, if allowed, will result in a revision of these taxes.
"Before
Net
The
Maling Co., Inc., according to E. T. Gibson, Vice-President of Genera!
in charge of Birds Eye Frosted Foods.
The Ray-Maling Co. is
in
income
deductions—subsidiary companies.
Federal Light and Traction Co.—
Income
of
those
:
,
Foods
$2,245,117
25,301
1,3,818
86.
p.
Corp.—Contracts to Buy Foods Packer
General Foods
1,347,454
income
158,
Corp.—V.
Finance
On West Coast—
1,012,435
$2,056,868
income
Operating
Other
Prepaid
of claims-—
tlement
'
*$19,593,388 $10,433,119
—
fCost of products
Other
975,820
according
General
51,549
65,871
,
1,371,912
Earnings per share—————————
•Less $17,430 for debt retirement credit
1361.
p.
'
administrative expenses
Industrial
corporation has purchased control of the La Salle
Corp., Chicago, and will operate it as a division,
to Owen L. Coon, Chairman of the board.
Offices
of La Salle
Industrial are being combined with
1941
1942
>
State .income taxes—'——..;—
-—
Taxes other than income taxes—————
Eureka Pipe Line
V.
The
Finance
$11,233,002 $10,165,208
Power purchased for resale
—
•
256,349
192,153
Gas purchased for resale—
—
1,551,398
1,378,104
Production,
distribution and transport, exps.
1,957,363
1,747,345
Maintenance
and repairs—.
504,626
527,311
Provision for depreciation and retirements—
852,521-:
744,545
Amortization of abandoned street railway prop.
48,000
50,000
Federal income taxes
——
750,729
689,195
Federal excess profits taxes
*841,545
180,000
Gross
v
1
2249, 2347.
—V. 157, pp.
■
31—
Bolton
on
Corp.—Further Expansion—
General Finance
Years Ended Dec.
;
July 2 announced that Philip S.
joined the company as Research Director.—V. 157, p. 2041.
has
Traction Co. (& Subs.)—Report-
Federal Light &
General and
Gair Co., Inc.—Research Director—
(Robert)
George E. Dyke, President,
2249.
p.
Operating revenue
—
Balance '—u—
Preferred
■
1943
$3,118,128
•
t,
i—
revenues
Expenses—.
Federal income
*
■
Period End. June 30—
accrual of unearned
the
Co., Inc.—Sales Increase 11.1%—
1943—Month—1942
1943—6 Mos.—1942
$566,425
$509,655 $2,817,092 $2,499,747
(M. II.) Fishman
advance for loss
considerable period in
a
because
Monday, July 12, 1943
CHRONICLE
COMMERCIAL & FINANCIAL
THE
$342,755
of income
for
1941
adjusted to include the operations of Walnut Electric & Gas
Volume
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4193
158
Corp. and subsidiaries (direct ownership of
1942) which resulted in a net loss of $4,482.
Bank
Loan—Under
that provision
the
date
of
which
assumed
was
in
payable, $10,186; matured payments on debentures unclaimed,
$18,359;
other current liabilities, $18,630;
sundry deferred liabilities, $226,815;
tax liability, $151,030;
accrued depreciation (road), $67,721; accrued
depreciation (equipment), $485,704; other unadjusted
credits, $4,250;
additions to property through income and
surplus, $1,479,300; profit
and loss, $837,269;
total, $13,583,971.—V. 157, p. 2150.
1942, stockholders were advised
the retirement, on Aug. 1, 1942, of
July
17,
had been made for
then
outstanding $2,832,000 15-year 5% first lien and collateral
bonds, due June 1, 1943. This retirement was accomplished by
trust
the
borrowing
of
$2,100,000 from Bank
Association
and American
and
America
of
National
tion
of
iary,
indebtedness
which had
first
payable
it
to
concurrently
mortgage 3Vss%
Boise
by
issued
bonds.
v>-
(W. T.)
7
Sales
157,
1943—Month—1942
1943—6 Mos.—1942
$1,702;
Sales
—V.
in
Period End. June 30—
Of this sum $107,000 was received
12.4%—
1943—Month—1942
$5,430,490
—..
157, p.
The
liquidating trust agreement under which the stock of Walnut
& Gas
Corp. was held expired' on Dec. 1, 1942, and there¬
Dec. 31, 1942, with the authority of the SEC, General Water
Green
Electric
after,
Gas
1943—5 Mos.—1942
Gas
Electric
Corp.,
the
for
company
paid
to
sory
note
an
entered
accounts
1942.
company
application
authority
to
cation
is
with
Corp,
Arrangements
approval of
Rockland
Y.
Gas
P.
S.
Inc.,
the N.
is
satisfaction
of
useful
Electric
&
Gas
If
purpose.
that
Corp.
mon
like
its
the
loan
capital,
$320,260; cash
reserve
interest
supplies,
and
etc.,
and
expenses
proceeds will
will
Assets—Fixed
(less
the
and
conditions
amount
be
debt
of
applied
by
due
for the
sale
by
to
in
sub¬
company
it
to
company
Operating
Balance
Purchased
electric
Federal income
payable
debt
by
its
the
further
in
banks
investments,
and
doubtful
dividend
hand,
on
accounts
receivable,
including
31,
$357;
construction
charges,
of
1943
486;
Taxes,
Prov.
than
$3,827,131;
Net
operating
Amort,
of
Interest
Other
New
interest
Other
accrued
$1,353,421;
stock
Total
materials, $142,107; pre¬
total, $19,042,360.
157,
Period End. May 31—
Maint.
payable,
$48,089;
1,114
shares
and
of
provision
for
company's
held
in
own
treasury,
$3
$178,390
structures
Maint.
of
$813,245
$726,486
41,295
196,540
174,598
19,246
109,826
99,338
9,692
9,993
48,552
46,534
256,433
59,201
3,194
Net
expenses
rev.
6,300
30,900
from
ry.
$46,567
op.-;
$22,910
$170,995
$127,645
4,722
4,804
23,501
24,020
accruals—
2,391
,2,062
11,772
10,483
tRy. tax accruals—
i
2,207
2,062
10,865
10,483
!
tax
i
Ry.
income
oper.
$37,247
$13,983
$124,857
$82,659
Dr4,140
Equip, rents—net bal—
Jt.
Dr4,555
Dr23,819
Dr33,691
facil. rents—net bal.
Drl,973
Drl,922
Dr9,905
at
cost or
Net ry. oper. income
Non-oper. income
$31,135
$7,506
$91,133
$39,287
573
1,133
1,441
Gross
income
$31,708
•Federal
$8,639
322
322
1,686
1,666
$31,385
_
$8,316
$90,889
$42,634
Railroad
Railroad
Taxing
Act of
Act
1937.
$92,575
tFederal
$44,300
1938.—V. 158, p. 86.
1943
before depreciation...
admin,
incl.
exps.,
$1,274,553
surplus,
s
sales, provision for bad
on
payable
affiliated
to
$1,979;
surplus
earned,
Operating
debts
and
866,209
912,155
27,214
21,409
credits
(discount
on
purchases,
miscellaneous)
recovered and
Net profit
and
Net
income &
<—V.
excess
profits taxes...
49,662
$306,095;
total,
$400,446
$565,059
156,540
290,234
profits of foreign subsidiaries
per common share
$254,527
2,363
4,726
$249,800
$1.02
-
earnings
$1.15
General
Net
and
way
575,209
...
Tax,
206,603
96,986
__
...
operating
income
;
income
104,089
661,381
604,548
70,859
expenses
expenses
66,373
$626,991
66,498
$700,740
—
rents, etc.
$637,564
396,490
336,398
$304,250
$301,166
778,047
income
Surplus,
Divs.
Jan.
and
,
1,
1942
._
distribution
debentures
out
of
to
1941
holders
of
Jan.
A
and
1943
/
Balance
JDrl90,000
1943
at
bonds,
1958.
and
series
The
issue
the
oy
Interstate
and
1941
1940
42,412,594
income
1,969,013
1,841,418
1,256,567
1,266,780
1,310,218
expenses
6,441,694
6,480,179
6,489,969
$8,103,443
$5,330,397
$4,455,848
208,306
342,175
228,810
$8,311,749
$5,672,572
$4,684,658
677,397
781,923
50,664
%. 68,604
70,866
297,227
245,238
309,318
general
i
—
discount
and
40,887,385
1,789,120
ex¬
—
bank
loans
and
other
charges
251,256
taxes
345,511
310,122
1,058,702
$2,804,885
17,583,235
$2,153,728
12,261
income
1,530,937
21,104,909
Fed.
§3,172,848
$3,979,535
for
1,561,274
134,465
■_
taxes
class A 77©
on
cumul.
844,488
844,485
844,487
sales of property in N. Y. C.
used in operations
on
surplus, Dec.
•Less
discounts,
receivables
less
119,441
31
$24,252,217 $21,104,909 $17,583,235
returns,
allowances,
recoveries.
tNot
and
provision
including
charges
for
buildings reflected in the net profit therefrom shown
Income."
tlncluding $361,869 in 1942, $372,434 in 1941
1940
general
management
§Including Federal
$8,806
in
1941
assessments
profits taxes.
$25,895
in
1940
excess
and
by
uncollectible
against
of
in
16,258,970
$25,096,705 $21,949,394 $18,547,163
participating capital stock
91,072
taxes
profits
excess
operations
under
and
affiliated
"Other
$471,754
companies.
•♦Including $61,476 in 1942,
adjustment of provision for
prior years.
Net
earnings
Other
$1,251,248
income—net
——
~
$1,377,964
Dr2,442
£>r4,450
—
Comparative Consolidated Balance
Sheet, Dec.
31
1941
Gross
income
Interest
Amort,
Assets—
funded
on
debt
of
$1,248,806
.
debt
premium
and
24,419
interest, etc.
charged to construction
Net
6.770
$716,107
.
dividends
Consolidated
Sheet
Dec.
Miscellaneous
investments
Government
8,162
S.
securities
Treasury tax notes, at cost
Other
accounts
for
receivable...
uncollectible
11,712
Other
■
319,370
•
to
8,469
Prepaid accounts
payable
200,337
Accounts
684,056
689,867
Legal
$36,287,764
$14,350,000
$14,350,000
1,357,310
charges..
Funded
Deferred
...
liabilities
Accounts
payable
interest
on
Accrued
interest
on
taxes
other
(other
profits
Federal
income
7%
67,106
&
excess
profits
64,428
536,827
taxes
549,251
liabilities
7,000
class A stk,
(par $25)
1,500,000
7,687,500
(par $25)
.
—
surplus
Total
4,763,613
1,500,000
7,687,500
5,900,054
cumulative preferred
6,356
5,061,399
Common stock
—V.
16,477
and
Reserves
Earned
125,562
obligations—
than
income
accrued
117,070
8,470
debt
taxes)
Federal
Miscellaneous
190,119
funded
fees
Other
157, p. 1844.
Brewing
Co.
(Del.)
Sub.)—Semi-ann.
Statement.
6 Months Ended March 31—
1943
$1,022,843
591,684
and
delivery
263,923
78,037
expenses.
General
Profit from operations
Other income credits
and
$442,554
72,550
U
administrative expenses—;
$113,877
$100,593
6,549
...
10,999
$120,427
$111,592
——_
Gross
Income
income
charges
Provision
Net
for
income
-
taxes——
for
period——
the
$61,347
$64,583
common
stock
31,250
31,250
common
share
$0.09
$0.10
Assets—Cash
ernment
15,714
31,295
on
Consolidated
stock,
14,580
44,500
___
income
per
Dividends
Earnings
"•
•
_______——
on
securities,
Balance
deposit and
$100,045;
on
Sheet,
hand,
accounts
■
March
31,
$250,373;
receivable
1943
United
and.
States Gov¬
receivable
276,825
1,581,557
4,531,321
7T8~308
743,733
375,917
;
.
accounts,
etc
165,382
80,292
8,622,895
10,825,283
362,607
457,793
(excl. amounts maturing within
and
companies
interest
coupons.
125,863
liabilities
rate
Capital
cumulative
participating
103,396
re¬
232,235
230,431
217,002
573,335
48,252,150
20,000,000
stock—
stock
surplus
71,607
100,092
bates, and miscell. deferred credits—
for contingencies, etc
§Common
178,908
77,932
reacquired securities
billings, reserves for earned
tClass A 7%
1,560,303
1,076,391
Reserves
48,252,150
■
20,000,000
2,692,462
7,276,204
24,252,217
21,104,909
114,561,075
117,947,139
Earned surplus
Total
♦Less reserves fojc discounts,
returns, allowances, advertising agency
commissions, and doubtful receivables of $425,913 in 1942 and $410,587
1941.
in
tLess
1942
reserves
and
for
depreciation and
$19,857,534
§Outstanding, 2,000,000
in
1941.
amortization
fOutstanding,
par shares.—V.
no
157,
of
$20,816,-
1,930,086
shares.
899.
p.
Hinde & Dauch Paper Co. of Canada, Ltd.—Debt Re¬
tired—
The
has
company
retired
all
outstanding
bonded
indebtedness, and
history, J. F. Winchell,
a letter to stockholders.
is in the strongest financial position in its
Vice-President and General Manager, says in
Second
three
quarter
tonnage output improved
continues the letter, which
months,
company
has
for
time
some
labor
quate
some
V.
supply
for
(The)
A
heaviest
to
will
come
to
the
allow.
of
facilities
slightly
only
further
orders
should
be
over
adds:
in
as
some
fully
first
the
Currently
months,
the
and
employed
as
the present labor supply is inade¬
capacity, definite deficiencies ii supply of
materials is being felt, and costs continue to rise.—
However,
1238.
House of Westmore, Inc.—Accrued Dividend—
dividend
15
backlog
fullest operating
accumulations
each
the
necessary raw
156, p.
July
notes
486,456
5,493,891
"
on
Advance
580,290
$443,249
256,821
profit
810,670
82,478,732
2,141,648
year
liabilities.
bonds
Discount
1942
$1,034,933
sales
Cost of sales——i
one
accrued
circulation
secure
Miscellaneous
449
(&
and
and expenses
current
Matured
in
Selling
maturing within
(trade creditor)
year)
Payable to affiliated
5,750,197
$37,138,713 $36,287,764
Harvard
:
one
125,562
i.»
Accrued
406,518
82,478,725
417,219 '
debt
Long-term debt
debt
portion)——:
,
payable
Deposits to
Total
property
205,570
term
Dr9,596
191,763
deferred
11,445,002
11,514
franchises, reference libraries
press
Long
1,704,677
and
10,316,843
22,789
114,561,075 117,947,139
Dr5,809
supplies
leased
(unamortized
Total
$37,138,713
and
9,518,782
assets
Notes
accounts—
552,113
Liabilities—
335,927
153,124
receivable
accounts
3,080,888
334,379
14,722
investments
goodwill
Deferred charges
100,000
...
222,919
3,495,763
25,634
(deferred)
and
531,714
100,041
suits
i
5,399,253
Circulation,
$34,519,333
346,707
S.
5,302,688
220,845
tBuildings, machinery, equipment and improve¬
1941
$35,241,299
legal
in
deposits.
Land
Leaseholds
1941
Cash
U.
461,250
31
,
judgment
other
receivable
ments
Balance
.
$
3,739,835
5,593,164
payable—
'
and
Sundry security
post-war refund of $12,300.
Assets—
under
Post-office
105,000
461,250
....
notes
Inventories
$837,397
105,000
dividends
and
Receivable
Crl,546
Accounts
income
$
5,650,366
♦Accounts
10,994
Cr740
/
■
,
Cash
502,250
24,419
expense
Miscellaneous
Interest
$1,373,513
502,250
discount,
Sheet, Dec. 31, 1942
trust
1,
amortiz._
Federal
Total
408,931
110,700
income
♦Federal
Drl9,908
$2,500,000; funded debt unmatured, $7,600,000; grants in aid of construction, $32,637; due to railroads, $1,635;
audited accounts and wages payable,
$150,432; miscellaneous accounts
in
July
$80,291,278 $78,028,253 $74,810,855
20,560,271
20,696,885
19,878,315
income
1941
355.300
Federal
depreciation
—
$778,047
\
Liabilities—Capital
collateral
mature
______
Divs. of 13A%
1,113,279
and
taxes
Dr20,028
Assets—Investments, $12,292,379; - miscellaneous physical property,
$186,472; investment in affiliated companies, $308,765; social security
and retirement taxes, $23,015; cash,
$320,877; due from agents, $18,231;
miscellaneous
accounts
receivable,
$59,130; materials
and
supplies,
$331,644; other current assets, $3,325; working fund advances, $329;
projects under construction, $29,359; other unadjusted debits, $10,445;
total, $13,583,971.
dated
560,219
and
bond
on
Earned
,
1,118,246
General
retirements
St.
19?3,
19,
87.
p.
1
than
income
Net
319,637
for
$837,269
—
1,
1942
328.058
Gross
Dr225,000
be
authorization
to
Previous
surplus
Surplus credits
686,790
B
earnings..
Adjustments
Surplus,
The
will
i
etc.
♦"Provision
148,909
Net
Net
Other
157,
$571,066
73,748
Miscellaneous earnings, rentals, etc.
Total
448,144
264,711
structures
equipment
expenses
Transportation
1941
$2,000,823
of
Interest
809,380
Accrued
$2,296,138
of
will
bonds
on
pense,
$4,269,175
Provision
bonds,
104
company,
July
on
.;
collat¬
Publications, Inc. (& Subs.)— •Fi-
.
depreciation &
income
Amort,
1,
156,136
excess
Green Bay & Western RR.—Annual
Report—
'i/-Calendar Years—
<j
'
1942
Maintenance
Dec.
Liabilities—
$224,127
...
Maintenance of
due
921,986
Accrued
Traffic
Total
(& Subs.)—Earnings—.
20,298
157, p. 1179.
Gross
158,
ink
income
Interest
Association,
$22,697;
other
$95,500 provision
$19,095,847.—V.
revenues
Materials
$221,765
-
profit
Earnings
19,315
19,778
on
and
subject
profit from operations
Other
Power
$4,241,675
Service
,
....
Fed.
profit
$515,397
debts
(before deprec. & prov. for income
profits taxes)
Exchange loss
Net
bad
excess
for
VA%,
Operation
Reserve
Depreciation
Prov.
$381,130
—-.
the
companies,
Property, plant & equip., includ. intangibles
taxes..
Operating profit
Inc.
Net
on
Maintenance
♦Less
and old age benefit insurance...
of
(CWT)
of
trust
41,960,290
other
for
tfOther oper.
$131,904
Loss
Hackensack Water Co.
U.
<
tTaxes,
1943.
1942
discounts
$6,700,000
collateral
mechanical,
circulation,
advertising depts., and radio
not
$1,448,961
•
Social security
revenues
and
accounts payable, $20,263; accrued taxes
(including
Federal income taxes), $125,285; accrued interest on funded
debt,
$27,672; other accrued expenses, $12,483; consumers' deposits, $23,736;
Reserves
for
depreciation, $2,839,918;
other
reserves
and
deferred
credits, $84,049; $6 cumulative preferred stock (46,264 shares, no part,
$4,339,718; common stock (12,000 shares, no par), $1,123,951; capital
Preferred
6 Months Ended May 31—
Gross profits from sales,
&
1953.
A,
indebtedness
Common
advertis.
1,684
cash in banks and
debt, $9,868,000; serial note,
advances payable to New England
p.
of
offices
p.m.
series
1943
are
Commission.—V.
and
accounts
1943, $100,000;
$200,000;
accounts
For
v
1942
Liabilities—Funded
(H. W.) Gossard Co. (& Subs.)—Earnings—
Sell.,
the
1
broadcasting
095.847.
Unemploy¬
income
Surp. applic. to int
ment Insurance
at
to
1,
bonds
♦Operating
hand,
receivable,
(less reserves for
doubtful
accounts
receivable of $15,486), $215,023; other accounts
receivable, $7,622; in¬
ventories, $145,422; prepaid insurance, $13,310; restricted deposits, $2,926; unamortized debt discounts and expenses, $368,744;
total, $19,-
$223,783;
5,013
Deductions from
277,584
$306,095
nominal amount, $11,482;
Bids
opened.
bonds,
dated July
Newsprint
Editorial,
Assets—Property, plant and equipment, including intangibles, $18,043,956; construction work orders in progress, $63,579; security invest¬
ments
Dr9,680
■
$411,172
72
—
For
Comparative Consolidated Income Account for Calendar Years
125,551
charges
32,029
accruals—reg._
tax
be
purchase of
$8,700,000
to
up
1944
the
and
Hearst Consolidated
$285,621
208,188
-___
Dec. 31,
com¬
nancial Results for 1942—
5,209
$514,355
,
surplus
the
on
3,511
$382,451
Years End. Dec..31—
•Ry.
RR.—Invitation
for
A,
will
trust
from
these
of
Commerce
22,222
....
year
preferred stock
on
share
per
.
bids
Ala.,
bids
collateral
will be
59,159
15,756
5,649
Balance Sheet,
242,896
^
Transportation
Ry.
Ohio
series
Mobile,
the
mature
sale
49,980
52,512
6,306
,_
32,897
22,019
____
equip..
Traffic
General
$137,881
and
way
B,
for
1943—5 Mos.—1942
$1
402,358
1.'
Association
131,904
the
Surplus, Dec. 31——.
cumu¬
£>r$55,700;
993.
p.
1943—Month—1942
revs.
of
dividend of
a
Bids will be received
St'.,
time
The
will
38,257
398,108
&
inviting
bonds,
B,
fProv.
$157,604;
interest
repurchased
$19,042,360.—V.
oper.
series
which
$778,081
expense—
for
total,
Engineering Corp.—Larger Div.
declared
of Bonds—
is
trust
Francis
$739,824
17,529
Mobile
Company
eral
other
expenses.—.....
Power
$848,705;
.
1942
income
Miscellaneous
Georgia & Florida RR.—Earnings—
Ry.
and
surplus,
t
141,931
$864,358
charges against income
Dividends
mate¬
taxes, $186,615; other accrued taxes, $95,284; dividends
on
preferred stocks of subsidiaries, $8,194; funded
preferred
total,
Gulf,
253,662
85,772
surtax
$846,829
England
have
earned
payable
Purchase
274,371
254,009
tax
and
income
debt discounts
to
of
inventories
for
lative
121,042
special
for
surplus,
tax
Net operating and other income.
Interest on funded debt
___i
accounts
credit in respect of obsolete property, $17,164; contribu¬
extensions, $78,841; preferred stocks of and minority inter¬
subsidiaries, $1,052,761; capital stock of General Water Gas
Electric Co.,
$4,032,022; paid-in and capital surplus, $3,165,890;
&
income
income
Merchandise and jobbing gross
profit and
income
$241,994;
in
earned
115,396
Federal
normal
total,
deferred,
429,981
248,119
other
for Fed.
$973,271;
deferred
tions
est
385,414
u
;___
$27,138),
redemption or maturing in 1943, $6,025; services billed
advance, $27,353; consumers' and other refundable deposits, $120,-
in
695,672
'
Maintenance
$27,949;
payable
1941
$2,656,483
683,604
energy
Surplus, Jan, 1
accrued
or
called
1942
$2,619,143
:
Depreciation
Net
Sheet Dec.
$13,379,636;
for
deferred
$66,230;
Corp.—Earnings—
expenses
Liabilities—Long term debt, $8,839,684; accounts payable and accrued
expenses,
Power
revenue
and
SEC,
be received
Mountain
operating
stock,
accounts
■
indebtdness.
Consolidated
receivable
Commission
principal
proceeds
of
certain
to
subsidiary, of $500,000 first mortgage
principal amount. If, as and when that
their
at
subject
Gross
operations,
July 29 to holders of record July 19.
This com¬
pares with 75 cents paid on Aug. 24 and Dec.
29, last; $1 on Dec. 30,
1941; 50 cents on Sept. 29, 1941; 75 cents on Dec.
26, 1940, and
50 cents on Aug. 5, 1940.—V. 157,
p. 1558.
appli¬
a
Co.,
a
Such
reduction
paid
Walnut
r
made,
completed,
rials,
1942, company has filed
Exchange
Commission
for
and
of
any
been
bonds
accrued
31,
•:
have
transaction
deposits,
Dec.
Securities
serves
20-year 4 >/2%
sidiary.
are
liquidation
Gas
by
control of Walnut Electric &
consolidated
with
those
of
approved, company will directly control Oklahoma Electric
Co.,
the sole remaining subsidiary of Walnut Electric &
Water
to
which
Since
the
the
longer
no
legal
During the year, Walnut Electric & Gas Corp.
the sum of
$61,000 in reduction of its promis¬
cause
now
direct
of
indebtedness..
which
&
into
future
surplus, $257,600;
157, p. 1180.
■
The directors
$4,831,494 $25,189,664 $22,183,840
2250.
Years Ended Dec. 31—
on
&
paid-in
Grumman Aircraft
1942.
/
to
for employees' pension
fund,
contingent expenses, $1,200; capital stock ($1
par),
for
reserve
$2,166,487.—V.
the
charges
'
$625,000;
Green Co., Inc.—Sales Up
of
$19,031), $236,078; Federal rev¬
inventories, $292,394; accrued interest
buildings, machinery, etc. (less
$1,038,469; uncompleted construction
marks and patents, $1; inventory of supplies,
liabilities, $317,726;
$155; mortgages payable, $115,000; reserve
p. 2250.
(II. L.)
"accounts
$11,247;
Liabilities—Current
■
Transactions—During 1942, Portage Water Co., a subsidiary,
disposed of its physical assets to a Municipal Water Authority for a
consideration of $217,500.
After providing for retirement of its pub¬
licly held funded debt, Portage Water Co. distributed to company
$118,056 in liquidation.
hand,
f3J.,286; trade
$13,720,225 $12,216,989 $72,887,172 $64,650,524
—_____
—V.
Other
of
doubtful
on
deferred
1
sum
for
stamps
$281; investments, $1; land,
depreciation reserve of $667,569),
Grant Co.—Sales increase 12.3%—
Period Ended June 30—
Corp., a subsid¬
$950,000 of its 20-year
.V.. •'.-■'■•'i
reserve
bonds,
$2,166,487.
Water
sold
and
'
(less
enue
on
Trust
Savings
Trust
Co.,
San Francisco,
Cal., and by the application of $750,000 received by company in reduc¬
191
of
7!/2
on
quarter
cents
the
holders
since
of
6 7c
per
and
share has been declared on account of
preferred stock, par $5, payable
cumulative
record
July
including
7.
A
April
like
1,
amount
1941.
has
been
Arrearages
April 15, 1943, totaled 75 cents per share.—V. 157, p. 1362.
paid
as
ofi
Howe Scale
value
date.
V.
151,
$2
of
Illinois Bell Telephone—Earnings-
*
Period End. May 31—
revenues
Uncollectible oper. rev._
Operating expenses
-
paid
Earnings
$48,772,517 $45,202,403
75,280
125,342
33,499,991 31,794,799
!:'■ .t
$3,097,940
1,898,396
$2,675,031 $15,197,2415
1,650,394
9,178,473
taxes
$1,199,544
$1,024,637
$6,018,773
977,406
798,284
4,776,992
$5,110,841
4,075,654
—
income
operating
income
157,
-
Operating
Co.—Earnings—
Telephone
1942
""
l
Provision for depreciation
—*
—
salaries and expenses
General office
of Federal income taxes———
Charge in lieu
income
operating
Other income
—
on
General: interest'
•
„
——
net of premium received-.:
Interest charged to construction—
Dr3,810
company
24,
30
dividends
Preferred
Common;
due
Interest
Sheet, Dec. 31, 1942
stock
preferred
cumulative
no -par
Account,
from
158,
Bibby
p.
87.
tions
of
Taxes
companies
subsidiary
*
than
st
J,
,
1
1
'
H
^
v
Illinois Iowa Power Co.—To Amend Claims
and
Securities
Commission.—V.
the
157,
Amort,
•
$2,067,504
1,653,981
Operating revenues
_
-Net
income
operating
Other
opt.
$413,522
_
911
'____
$6
$5
dividends
Balance
Assets—Telephone
other
taxes)__
33,974
23,018
88,798
$1,371,676
deferred
and
Loss
$312,219
cumulative
Liabilities—$5
total,
preferred
9,996,290
Net
for
Period
Ended
180
166
900
97,882
486,184
Net
revenues___
oper.
Rent
$85,509
$72,151
$416,192
of
$903,276
Operating
50
390
268
40,879
taxes
Net
Net
32,243
208,543
operating
1941,
income
$44,580
$39,858
$207,259
26,253
136,121
oper.
Maint.
;
revs
Assets—
of
structures
Maint.
of
Traffic.
expenses
Net
from
rev.
op..
Earned
surplus
*510,357
..$138,605
Net
oper.
ry.
income
Accounts
Other
■
by subsidiary
Organization
1931
in
debt
and
discount
expenses...
income.
Accounts
'*
Misc.
income——.
deductions
income
—
6%
debentures
A
95,955
712,516
590,309
items.—
stock
stock
($50
Inc.
32,122
163,754
157,855
avail,
fixed
for
594,754
3,444,954
199,526
shares
from
New
subsidiary
Balance
$1,940,886
749,293
797,650
Property,
104,425
591,611
583,705
Construction
plant,
21,162
U.
3,146
14,970
15,043
S.
inc.
after
—V.
157,
p.
13,697,444
~
1,788,000
!___
securities
Inventories
8,570,651
funds,
$610,645
211,549
and
Accounts
$565,650
41,753
209,782
Organization
and
Discount and
fixed
notes
receivable
expenses
def.
(non-current)—-
___.___j.__________—
exps.
expenses
applic.
on
to future oper.
bonds and other sec.
-
124~888
2251.
$124,079
$399,096
•
;
——
—
—
of
.t,-
.
^
for .each share, of preferred
and in satisfac¬
/'/V;
.
stock
A
class
of
•
shares
faction
of dividend
Holders
The
of
common
of
International
class
common
stock for each
arrearages.
B
stock
•
-
will
receive
one
present share and
>
International
of
-
.
will receive
;//
•,
and
in satis¬
" . '
.
$3.50
l/100th
of
a
....•"
stock.
15,51.7,005
International,' including; dividend rate, redemp¬
liquidation values, as. well as certain additional
The Commission consolidated the proceedings and set a hear¬
ing for July 20.
' " '
t
;
/
tion
stock of
premium, and
'rights.
.
16,587,513
604,753,056 601,241,319
preferred stock ,of the -resulting-corporation will have
the same attributes as the presently outstanding $3.50
•"preferred
•
Bond Contribution Permitted—
The
4
Total
-
preferred stock of International will receive one and
4/10th
72,645
809,990
240,858
860,290
$355,868
■-
V'
'
t
$95,211
present $3.50 prior preferred of International will receive
$3.50 preferred stock of merged corporation, for .each
shares of common
Holders
held by Inter¬
.
.
tion of dividend arrearages.
986,805
240,858
of
be
.held.
substantially
6,158~829
124,500
Options for common stock
$165,832
now
9/10s
9,204,448
766,988
i
—
share
'/share of
7,102,211
etc.
of
Holders
.one
187,819
profits tax of subs.™_
.
.
283,464
500,966
.'1
excess
17,969,273
13,137,681
:*
redemption.v..L.>
will
Holders of $1.75
$
structure
face amount of $700,000):
stock $4,797,300; 262,541
capital surplus, $1,814,268;
* •/'--'r/r?:"; ..
•
indebtedness, note and stock of Dominion
cancelled. ~
-f
' '
bonds,
national
1941
$
the merger of
resulting from
the following capital
plan
/acquisitionior
31
18,001,482
Treasury tax savings notes
Post-war refund
41,226
.
provides "that/presently, outstanding securities of the
merging companies shall be treated as follows»
The
publicly held bonds of Dominion Gas will be retired through
The
share
534,950,100 532,387,494
2,494,653
3,227,518
;
'
$11,862,388.
total,
unissued
1942
progress.
Accounts .receivable
$580,693
2,883
Dec.
etc.
work orders in
Cash
$559,531
$625,615
Sheet,
I f :f
/'
$1,939,925
230,790
$168,978
v
'
payment of a temporary-lqan in" the
shares,
(par $50) '$3.50 preferred
.shares of common (par $20), $50,250,819;
.
dividends
and
(after
42,084,277
21,567
10,433,009
that the corporation
Dominion shall have
proposed
93,946
representing return, of investment.
Assets—
$499,055
119,815
$136,437
charges
7,500
is
It
21,417,958
1942, to acquire, at $55 a share 30,000
England Power Association.
tLess
31,
of
a
Consolidated
$419,540
$139,320
■
corporation
International
$86,252,273 $87,253,675
194,342
Prepaid
Net
21,365
11,399,646
^™
3,293,233
41,435
26,594
'
has filed an amendment plan with the Securities
Exchange Commission to comply with the ""death sentence" requirements of the Public Utility Holding Company Act, by- merging
y International
with Dominion Gas & Electric Co., a subsidiary..
The
continuing or resulting
corporation is to be organized under the
"laws of the State of Maryland."' '
' '
" ' :
•
v
The
7,139,950
42,084,277
21,567
.1—
♦Expiring Dec.
fixed
charges..—
9,024
5,055
;
;___
surplus
received
from
charges
27,546
398,520
7,139,950
21,417,958
:
par)—
($25 par)..
surplus
common
32,676
$599,021
.....
■
and
The
149,367
5,138
-
1
202,084
7,567
jl
taxes
Sinking
Total
240,858
398,520
:—
Deficit
373,864
$163,840
•
International Utilities Corp.—-Files Amended Plan Of
$26,568,000 $26,568,000
—
payable
accrued
489,730
;_
147,372
4
Reorganization—
$6,550,489
5,953
and foreign corporations is
during the year 1943.—V. 157,
non-resident alien individuals
by
subject to United States income tax
2449.
-
-
interest
Accrued
Other
Capital
$133,367
has
Revenue
.
Convertible
Marketable
Total
37,079
$86,252,273 $87,253,675
—
—
——
j
^
762,658
147,372
240,858
112,269
-—
Internal
of
Commissioner
the
-
(Corp.—Tax
&. Telegraph
Telephone
that
announced
is
received
p.
acquired
—
in 1941.—V. 152, pV 3971.-
-
28,754
1
157
'—
of property
expenses
Unamortized
Total
receivable
investigation
21,932,444
21,206,764
145,291,887 148,615,817
reserves'for-depreciation And .depletion of $105,009,912 }n 1942
in 1941,
tLess reserves for amortization of $52,-
international
huh^
not
285,000
124,500
(subsidiaries)
receivable
of
—
that dividends paid on stock and interest paid on bonds of
corporation during 1943 are to be regarded, for tax purposes, as
income from sources without the
United States.-Such income; when
1041
457,513
.
_^_
——
^
this
5,685,710
_■
-
—2™
296,459
500,000;500,000
280,240
100.375,000 100,375,000
agreed
;
$79,296,641 $79,768,414
;
accounts
'
Expenses
74,018
________
.
1942'
.-
.
subsidiaries
Investments
Other
i
post-war
'
par)—
(no
671,699 in .1942 and ^$50,282,375
It
.
6,071,078
7,908,873
8,499,363
$100,994,677
and
1941 and $219,214 in 1940 accrued but
(Company Only)
1,700,352
9,831,610
agree—_r_-
Total
Nil
$130,999
638,750
stock held by minority interest and
^proportion of surplus applicable thereto__—
Preferred Stock, ($2.50 par).
—
V *Less
deducting
145,291,887 148,615,817
Capital
•/ •
...
166,358
ry.
accruals
tax
Equip, and jt. facil. rts.
1,180,856
after
taxes,
'f.
Ry.
1,044,293
$624,104
.•
'
38,913
—
9,030,433
subsidiary
*Options
Cash
636,502
Transportation—rail
Other
9,029,859
.
:
■
stock
Nil
52,193,712
•
.
indebtedness under purchase
r Common
-
50,925,536
i-—
:Reserves
8,794,061
-
118,378
equip..—
.ment--
34,139,924
33,244,305
6,386,048
notes
5,104,221
Nil
453,519
£
Long-term
1'
575,675
7,405,721
and
7,247,202
Total
_______________
t
7,900,000
-i 125,384
551,780
7,328,758
-payable in 1943.^4^—-—
payable and accrued lia¬
Purchase obligations
•
1943—5 Mos.—1942
$6,950,405
profits
1
1.
4^815,008
4,007,874
—
Liabilities—
i.
(Accounts
6,857,979
12,389,600
6,875,746
13,979,558
-j
6,452,430
companies...5,683,710
investments (cost),
i—-I—■
- 285,000
Other/
and
way
.
28,234,130
1,408,299
miscellaneous
Deferred and prepaid charges.
"Land, producing wells, pipe lines, buildings,
: plant and equipment
U—
(Concessions, rights, development expenses, etc.
134,273
num-
interest..
reserves)—
4—
^_———
collateral deposits.;—;
—
and
966,008
average
receivable (less
receivable and
accounts
8,346,090
"
■
to
Paid-in
$1,337,339
11,778,951
1,113,003
11941
2,074,905
—™„
7,163,567
of subs
on
excess,
tSecurities' of
RR.—Earnings-
$1,395,376
,•
<
25,826.010
—
accrued
plus
cost
at
and notes
7,848,030
tlncludes $4,483,988 in
Advances
Class
•Ry.
valued
Contracts
•
136,550
1943—Month—1942
1,371,973
31
1942
loans and advances (less reserves)——
r
being currently paid.
Preferred
Indiana Harbor Belt
■
1,232,664
Balance Sheet, Dec. 31
$204,979
30,958
Period End. May 31
11,494,751 -11,695,630
interest
tax
earns,
share
Canadian
refund,
2251.
p.
$34,562,128
other income.. $39,675,780 $37,042,742
undernoted
the
•$
./Investments
$343,806 in 1940, $343,896
and $481,767 ($56,820 post-war refund) in 1942; 1942 also
$2,015,803 provision for Canadian income taxes ($1,258,074
includes
163,102
income
157,
in
per
Accrued
—V.
3.768,050
against
Liabilities—
50
for
providing
'
Inventories
32,675,348
4,150,077
ber of class A shares outstanding
oper.
property
before
but
1941,
359,663
449,478 :
36,196,780
income
pfd. & cl. A stks. of subs.
int.
Earns,
$368,349
lease
for
$170,199
to $2,555,906 in 1942
and income taxes amounting
in
hand and in banks——
on
Bonds,
r
1940
39,705,715
Balance added to surplus.
477,088
rev.
oper.
expenses
1941
,4,274,726
discount————
income
for
on
.
•
101,538
$187,227
fit
$83,656,220 $77,389,598 $7.1,005,527
—_
——
shares, - no
1943—5 Mos.—1942
manufacturing, and dis¬
refining,
producing,
all
charging
Assets—
/
$81,241,832 $74,534,557 $68,243,874
2,764,625 - 3,304,520 - 3,121,317
and taxes.™—
incl.
of
charges
not
___
Uncollectible
Operating
___
1940, $25,674 in 1941, and $471,773 in
of investment,
(Includes $108,206
-iy
'y//'' "4
'
182,058
,
i (Stated for convenience in terms of U. S. currency, with the exception
of the capital stock, which is stated in Canadian currency)
124,500
"
debt & other
funded
Minor,
prepaid accounts
31
•
Comparative Consolidated Balance Sheet, Dec.
$9,996,290
return
operations
•
(Divs.
$846,261
824
revenues
124,500
124,500
revenue.
revenue,
on
tReserve
in
May
»
.
—_—
expenses,
$4,947,510
charges.
Cash
350,236
expenses
Depreciation
$10,898,808.
1943—Month—1942
Operating
"After
tributing
and
'
89,815
$11,399,646 $10,433,009
from
gross
Amortization
accrued general
Earnings
on
—
dividends
Earnings per common
'
Int.
taxes, $142,115; accrued Fed¬
eral income
taxes, $309,200; accrued interest, $55,417;
accrued pre¬
ferred
stock
dividends,
$17,842;
miscellaneous
current •• liabilities,'
$85,450;
reserves
and
deferred
credit,
$1,763,282;' contributions of
telephone plant, $24,993; earned surplus, $250,822; total, $10,898,808.
$14,265;
payments,
realized
$13,611,825 $17,858,625
i.—^ *181,818 :■ '
181,818
___!_
13,021,898
13,021,898
share—;
$0.94
$1.23
—
dividends
Preferred
Common
bilities
par), $2,189,140; common stock (70,000 shares, no par), $2,100,000;
long-term debt, $3,800,000; accounts payable, $146,283; advance billing
and
income
Net
'■
♦Deficit,5 tIncludes excess profits taxes of
stock (21,410
as indisposal
shares /carried
down
profit
less
—
$13,665,979 $19,2?6,606
i
-
895,841
567,677
100,427
8,940,241
exchange..
on
Operating
31, 1942
capital
and
722,934
$931,549
—__i
Maintenance
$9,198,752; miscellaneous investments and
cash in banks and on hand, $286,385; accounts
charges, $334,158;
845.681
$12,997,875 $18,330,766
462,989
1,594,080
89,815
1,594,080
89,815
expense
exchange.
revenue
175,000
receivable, $158,193; materials and supplies, $221,733;
1
to write
$752,346
1,594,080
1942
plant,
$699,586;
assets,
Sheet, Dec.
24,062
87,258
442,308
/
'
profit
vestments,
(176,412
&
~
130,389
107,050
i
.
5,217,510
of securities
.1
——A
PSrOYlsion- for future contingencies
—
Proportion • thereof applicable to shares of mi*
nority interest
I
—
54,154
$1,017,557
income
$392,855
168,000
preferred stock dividends___
preferred stock dividends
Common
—
sold
bonds
Provision
171.
■■
73,239
representing
Gross
1,555
120,032
income
2,497,346
investments
on
Total
9,438
:'v
I
$1,467,933
31
loss on
Other
$523,245
$294,402
Interest and other deductions—
Net
9,435
99,876
deducting $845,272 in
portion
1940
Otherf
.
342,472
341,959
Consolidated Income Account for Calendar Years (Incl. Subs.)
$521,690
$414,433
income
Net earnings
•
other
shares on N. E.
on
Dec.
♦After
1942,
in
1,416,948
Operating expenses and
\
.
'
Deferred
Statement
1942
6,301,890
—
$841,758
Power Association
I **" '
1941
$1,938,639
•
.
-wj.
from operations™
received on bonds, stocks
divs.
&
339,842
4,439,251
.
rights
etc. Vr
written off unoperated and abandoned
properties
Profit
,
>
365,439
development expenses,
Total
Calendar Years—
..
and
,
,
1941
di«t,
_■___
^__
producing/wells, etc.
Amount
v
expenses.
debentures..
6%
discount
debt
of
Total
.
;
:fK?,
1942
'
and depletion of land,
Provision, for amortization of concessions,
?.
Accounts
Telephone Corp.—Annual Report
Associated
t
-
'
Indiana
>
__
-
2349.
p.
i
■
operations
$20,742,218 $31,035,689
solicitors' ■ fees^.. and / salaries; :of /^
1940
10,433,009
Commission has
Exchange
and
•
rectors
$665,475
$842,137
allowed the company
to
amend
its
statement
of claims
heretofore filed against North
American Light & Power Co. so as to make the North American Co.
top holding company, a party to the proceedings.
Illinois Iowa has asserted claims of upwards of $20,000,000 against
North American Light in proceedings which are now pending before
The
Ltd.-7-l942 Earnings—- '•
from
profit
Provision for depreciation
:
Only)
1941
$1,116,478
9,435
income
coriv.
on
of
Deficit,
,1
(Company
61
(other
Amort,
155, p. 2007.
i
31
341,954
companies
..._
administrative
&
Interest
accrued interest, $17,969; miscellaneous current
and deferred credits, $1,669,061; contribu¬
plant, $14,695; earned surplus, $626,333; total,
"
~
/
System—Earnings—
$624,218
Balance
shares),
$167,114;
telephone
*
604,753,056 601,241,319
—
—
2449.
p.
.executive officers, /including - all 'Salaried
;
$47,001; reserves
$13,198,692.—V.
1
:>v
;
Ended Dec.
Years
sub.
$225,000; accounts payable, $98,883; advance billing and pay¬
ments, $52,021; accrued general taxes, $123,936; accrued Federal in¬
taxes,
"Combined
Corp.—Promotion—
•
Corp.,
liabilities,
___'
157,
(Stated for convenience in terms of United States currency )
as
$975,607i
General
$1,781,680; common stock (175,000 no par shares), $2,625,000; longterm debt, $5,750,000; 5%
demand notes payable to General Telephpne
come
—;
Balance of profit
Hydro-Electric
from
interest
Other
(18,665
L.
Dause
42,127,888
*1,143,144
65,2^3
,;'931,952
24,790
—_
-
—
—
/
Interest
of
21,393,133
International JPetroleum Co.,
1181.
p.
Miscellaneous
$13,198,692.
Liabilities—$6
157,
1942
miscellaneous investments, $31,416; cash in banks and on hand, $413,566; 'subscribers accounts and
notes receivable, $63,213; miscellaneous accounts and notes receivable,
$40,279; reserve for uncollectible accounts and notes, Dr$5,053; mate¬
rials
and supplies $369,305;
prepaid accounts and deferred charges;
total,
25-
a
Business Machines
illness.—V.
to
received
Divs.
Assets—Telephone plant, $11,909,622;
$376,344;
-
to holders
each—V.
cents
International
126,875
—.
Balance
—j.—21,417,958
—
_i
______;
"Deficit.—V.
Counsel
p. '1460,
Ltd.-r-Pay&
Co.,
>
-
21,801,491
7,124,200
series—
$3.50
.//
1,044
—-—201,250
dividends'
$18,
par
appointment
absence
$339,098
109,236
-
Total
Resident Manager of this
corporation's No. 4 plant at Poughkeepsie, N. Y„ was announced on
July 6 by Charles A. Kirk, Vice-President in charge of manufacturing.
Mr. Bibby succeeds Harold E. Pirn, who is on an extended leave pf
1?0
$297,985
-—115,577
:
-
surplus
'
June 29 paid
on
stock,
Income
income
Net
Navigation
Steam
International
The
—-—
Cr3,606
20
..Earned
$4,120,300
$4,802,350
——
common
Dec.
24,250
Crl,028
1——
deductions
income
Miscellaneous
43, <50
$579,160
215,625
—
Drl4,822
-
v •
7,124,200
42,144,084
stock.j
A
surplus
;
dividend of 25 cents per share on I
of record June 24.
This com¬
pares with 30 cents paid on March 25, last.
Payments in 1942 were as
follows:
March 27, 25 cents; June 27, 35 cents, and Sept. 26 and
The
the
$582,970
pense
658,730
/
—*_
stock and surplus
convertible
stock,
Paid-in
503,200
2,968,980
651,491
... Dr3,385
Cent Dividend—
call premium and ex- '
discount,
of debt
Amort,
Class
.
$14'■
$474,400
3,684,042
.____
stock
Inter-Island
116,000
24,241
debt—
indebtedness to parent company—
Preferred
•
147,085,672
149,014,599
subsidiaries—
of
stocks
other
interest in common
$4,120,300
—...
scares in 1943 and 600 shares in 1942.—V," 157,
*1,900.
2ii,8bi
$541,592
215,625
7,041
285
—;
:—
-•
_
___'
——
income—
operating
/
263,283,411
-
subsidiaries V_—i—21,699,244
of
Years Ended Dec. 31-—
162,674
$542,146
Dr554
.
—
—
earnings
Interest on long-term
Net
Interest
—
4,026,168
^
par) —
Total
——
20,597
4,792,311
—.
——
stock ($1
surplus
ono'Too
215,630
148,700
Minority
$73,534
a.
'
r'-L—.... $4,802,350
——
—_
T
expense
♦Treasury
7^,819
expenses, net—
i.-.
(principally state and local)—-;;normal income and surtaxes
operating
1942
1943.
$10,039
——___
•'
; ■'/
259,747,256
'
and
Preferred
«
•>.
Liabilities—
Accrued
•
General taxes
60,220
$0.1435
•
and on hand
-Undistributed
——
J $86,510
Condensed Balance Sheet, June 30
—— —,
Total
-
382,182
"I—"6,159
Commercial
„
56,150
$0.1469
brokers—
■?
'
■
1,160,000 - 2,650,000
Accounts
payable and accruals———15,951,687
15,415,001
Funded debt-maturities payable currently-:
'1,497,798
1,497,798
Reserve
for
depreciation
84,166,773
78,388,642
> Suspense credits
!■
•—
541.541
447,376
■S Other reserves j
—j.
_^___
1,195,078
1,104,619
'
194J
$:2,864,,255
508,271
401,196
revenues
Maintenance
Net
50,260
$0.1396
4,938
:
debt"'-—J
payable
Capital surplus
Capital
Federal
$83,111
<•.•',
from
Capital
Commercial
Illinois
Other
$71,935
47,390
$0.1384
Investments
2349., '.;
p..
Years Ended Dec. 31—
,«
.11,876
4,295
accrued
share™.
or
per
Cash in banks
:
•
$103,325
9,348
5,670
Assets—
$13,282,262
8,171,421
revenues
oper.
Operating
y.
$96,754
10,414
$67,125
/y;.■/£^
Due
Net
$88,018
6,013
income
Divs.
1943—5 Mos.—1942
1943—Month—1942
$9,937,641 $9,177,010
15,011
25,010
6,824,690
6,476,969
Operating
Net
Notes
3890.
p.
Net
Net
Funded
1940
$84,360
—
—.—
—.
Liabilities—;V;
*
1941
11,222
Dividends
Expenses
Taxes
"
1942
1943
6 Mos. End. June 30—
per
v-
Inc.—Earnings—
Insuranshares Certificates,
Co.—$2 Dividend—~
share was recently declared on the no par
common
stock, payable June 28 to holders of record the same
Like amounts were disbursed on July 10 and Dec. 22, last year.—
dividend
A
Monday, July 12, 1943
FINANCIAL CHRONICLE
THE COMMERCIAL &
192
Securities
and
and
Electric
Commission on June 29 granted per*
contribute'$100,000 rt0 the Dominion Gas
principal amount of 6 Vs % / collateral
Exchange
mission to the corporation tb
Company
in
the
>
Volume
trust
158
bonds
planned
the
of
latter
of
merger
Asks
SEC
>
Number 4193
the
The
concern.
two
'
•
-
contribution
is
THE COMMERCIAL & FINANCIAL CHRONICLE
v
part
of
zation
a
under
companies.
\ "
quarterly dividend of 87V2 cents per share on its $3.50 prior preCorporation has. asked the S.E.C. to approve the payment of
a
stock out of capital surplus. The proposed dividend
is pay¬
able Aug. 2, 1943, to holders of record July 21, 1943, for the quar¬
-
ended
Aug
.1,
1943.
The payment
will total $83,952.
The
S.E.C.
Edward W.
holders
ings
of
Co.
the
ber
of
Commission.
Montreal.
Trust
Smith
Mr.
Co.,
Mr. Stanger,
corporate" trust officer
and
is
Vice-President
1940
New York City,
.
and
in
addition
vThe
•
SEC
$252,567
owing
Interstate
tion
1940.
It
has
now
the
upon
Iowa
assets
market
of
this
to
the
approve
Co.
settlement
of
Wisconsin
of
Oper.
capital
of
be
for
surplus
made
the
on
other
no
books
of
Prov.
its
forgiveness,
investment
the
in
parent
company will increase
stock of the Wisconsin
common
The proposal has
mission.—V.
Total
Inter,
■
i
to
(in
net
a
taxes.—V.
been
the
of
the
of
$1,767
reports
after
Investors
nies,
the
for
all
the 26
charges
weeks
and
32 of
of
in
income
the
the
abuse
United
and
U.
of
158,
States
bond
war
Exchange
an
campaign,
Commission
against
District Court in Minneapolis.
Syndicate, its associated compa¬
Inc., and Investors Syndicate of America, Inc.,
be
court,
however,
put
off
until
next
July 9 a hearing on the
the request of the defendants, who asked for
Syndicate
further
any
installment
segregated
and
Investors
cash
payments
and
A.
or
loan
or
repayments
until
the
Youngquist
of
their
the
issues
the
shares
v/ill
or,
the
yield
securities
were
and
to
scheme
payments
had
would
and
loans
decided
that
would
the
tract
from
other
urging
force,
certificate
immediate
to
seven
Net
holders
prior
It
moneys
stated
its
officers
and
to certificate holders,
to
sell
during
also
paid
that
'special
a
directors,
devised
first
to
a
fraud¬
eight
Social
taxes
Net
.
at
recommending
'break-even
a
and
point,'
Charges Made In Court Action By SEC—
Solvency of Companies Not Questioned, E. E.
Crabb,
President, Declares—Premium Cash Offers Is Issue—The
following is a statement by E. E. Crabb, Chairman and
President, in reply to a press dispatch from Philadelphia
dated July 3
regarding the SEC's petition involving an
action against Investors
Syndicate and affiliated com¬
panies:
July
against
the
do
has
the
of
"The
a
and
that
through
its
release
new
bureau
press
regarding
in
a
action
officers.
Other
his
"We
of
this
kind
should
be
tried
in
of the
seriousness
of
these
charges, which
and having in mind the welfare of our more
than a
million
certificate holders
residing in
in
does
deeply
needs
confidence
disclosed
are
understand
have
National
such
"In
been
to
Canada
every
state
in
wish
to make the
we
of
and
the
own
decision
encouraged
to
its
values
to
the
to
1930,
its
and
contract
more
of
pany
value
May
31,
holders
than
May
In
owned
done
all
we
of
courts.
issues
years
and
involved
concerns
holders.
These
the SEC and the
have
had
for
1843,
Examination
knowledge
Commissioners
states,
the
Committee
representing
following
;.r;v *YY h Yv
made
are
the
of
■ •
the
without 'misrepresentation,
offers, and make their
the company should be
the
maturities,
Syndicate paid out in cash
certificate loans and surrender
amount
from Investors
at
addition
mortgages
date
over
a
marketable
least
to
and
that
Syndicate
assets
all
certificate
holders
was
$143,746,532. Com¬
$172,338,125 on that date,
of
total contract liabilities to certificate holders.
of over 19.8%.
These assets had a market
$4,000,000 more than book value on May 31, 1943.
margin
these
other
$5,000,000
assets,
represented
mortgages,
worth
Subsidiary
of
Formed
the
other
to
by
cash,
company
sound
Meet
New
bonds,
owned
assets.
FHA
at
.
same
..
♦$10,220
1,214
1,402
2,365
$131,627
♦$8,818
♦$78,400
$1,983,997
508
258,620
328,277
329,780
796,218
$1,725,377
debt
♦$196,650
♦$338,598
*$874,618
♦$196,650
♦$338,598
♦$874,618
431,344
-V A '
'V:
re¬
surplus
$65,794;
$1,294,033
53,082
18,000
Federal
Other
Sheet, Dec. 31, 1942
other
investments,
in
cash
banks
and
working funds, $63,966; temporary cash investments, $98,384; ac¬
$23,776; material and supplies, $40,214; prepayments,
$49,390; discount and expense on long-term debt, h>J4,0Jo; omer de¬
charges,
$5,318;
total,
$3,164,171.
cumulative
preferred stock
pfd.
(par
on
accrued
insurance
liabilities
and
not
provident
due,
$64,000;
deferred
$39,355;
reserves,
&
Other
State
—-
—
—
taxes
income
1941
taxes--
5,839,973
839,378
2,208,876
.
1,680,266
1,738,539
83,500
84,956
2,781,000
1,972,026
$4,529,929
$4,959,622
—
and
995,824
887,269
2,178,598
—
miscellaneous Federal
profits taxes
excess
of
limited-term
debenture
and
charged
operating income
—
Gross
income
on
demption
of
of
net
interest,
.
Preferred
—
refunded
on
premium
and
expense
outstdg.
dividends
216,609
Crll4,130
9,922
75,775
$2,868,554
—-
Net
—,
240,000
income
Deferred
charges
Accounts
and
notes
and
$
issued
and
1,737,419
and
no
2,535,951
1,921,501
194,933
Long-term
debt
191,113
to
Accrued
general
Federal
income
Preferred
38,000,000
950.000
taxes
600,994
2,064,331
2,857,769
taxes
stock
563,819
587,029
taxes-—;
profits
89,924
504,988
„■
dividend
current
payableliabilities
Y,
423,502
a
Fund
"S4."
record
On
The
June
Jan.
June
21
par value capital
Co.—Pays
declared
a
at
Boston,
29
share
and
cents
25
series
a
of regis¬
issuance of
the
Keystone
Low
These
were
totaling
payable
July
15,
are
1943.—V.
cents
157,
p.
distributions
Series
per
also
was
paid
of
"S4"
the
on
67
"B3"
Stock
shareholders of
to
share
Series
95
Series
Common
Priced
semi-annual
ten
cents
Series
per
made.
were
"B3"
shares
An
Jan.
on
2151.
24 Weeks Ended-—
Number
stock
of
shs.
of
per
Current
as
liabilities
current
pared
with
4,304,033
Gross
stock, payable June 29
cents per share
to holders of record
2,474,938
1,836,189
of
1,836,189
$1.28
June
2,475,658
2,332,720
1,833,689
1,829,689
had
the
a
year
to
$1.35
amounted
These
liabilities
current
increased
$34,050,891
$1.35
19,
1943,
$19,706,497.
totaled
$53,211,726 and
sales in
$
v
2,354,859
share.
com.
assets
$
167,081,031 132.029,564 118,077,883
com.
outstanding
Earns,
21,374,662
75
$
194,838,044
profit after deprec.,
Federal taxes, etc
Subs.)—-Earnings—
19, '43 June 13, '42 June 14, '41 June
15, '40
s
Sales
Inventories
100,451,292
of
June
.'Y.YYY
of
Larger Dividend—
dividend
filed
covering
an
the
on
distributions
last,
1942.
Standards
on
of
June
30.
15,
assets
3,922,389
Telephone
shares
share
a
of
of
$39,000,572
to
with
compare
$15,150,847
on
$1.27
$66,619,872,
June
on
while
current
June
19, 1943,
13,
com¬
ago.
first 24 weeks
this
year
amounted to
The
increase
$194,860,695,
of
$27,779,664 over the corresponding period of
1942.
number of stores in operation during the first half of this
year was 3,C97 compared with 3,397 a year ago.
an
directors
Inc.,
SEC
certificates of participation.
Fund
cents
60,000
157, p. 1846.
Investors
Funds,
corporation
announces
semi-annual
distributions
share on the Keystone Low Priced
Bond
eight
107,607
.3,101,821
100,067,681
no
500,000
60,000
"2,974,078
20,995,606
surplus
Total
the
S-2,
118,575
'
:
505,524
456,547
-1
credits
par),
Net
455,775
excess
(15,511
-no
Kroger Grocery & Baking Co. (&
Reserves
Earned
24,380,000
banks
and
stock
shares,
4,015,000
24,380,000
38,000,000
^
deposits
Miscellaneous
Deferred
and
par,
interest
Customers'
cents
28,
payable
State income
Custodian
extra
par,
650.000
.*,
——_—
Dec. 31, 1942
Distributions—
outstanding 525,000 shares, stated
payable
Accounts
(600,000
follows:
The
100,451,292
4,015,000
no
82,458
600,000
;
aggregate offering price of $6,870,000; series B-2,
100,000 shares
at
an
aggregate
offering price of
$2,837,000; series K-2, 100,000 shares at an
aggregate offering price
of $1,814,000, and series
S-l, 25,000 shares at an aggregate price of
$660,000.
;Y Y
140,768
100,067,681
value
438,326
82,458
Keystone Custodian Funds, Inc.—Data Filed With SEC
Keystone
.
outstandin-f 40,000 shares series B,
shares,
438,326
Y 750,p00
(7% ), cumulative stock
cumulative
stock
"B3"
250,000 shrs.,
$6 cumulative, stated value
Common, authorized 600,000
issued
preferred,
common
2,009,447
1,550,000
1,874,372
—
Liabilities—
authorized
(7%)—
($100 par), $6,650,000;
shares, no par), $1,577,122;
$6,000,000; long-term debt,
$19,000,000; accounts payable, $26,270; dividends
declared, $130,196;
matured
long-term debt and interest, $9,882;
customers'
deposits,
$154,386; taxes accrued, 926,265; interest
accrued, $230,537; other cur¬
rent
and
accrued
liabilities, $64,218; deferred credits,
$785,742; re¬
serves, $4,686,020;
contributions in aid of
construction, 18,707; con¬
signments (contra), $16,634; capital surplus,
$147,904; earned surplus,
$2,618,266; total, $43,032,151.—V. 158, p. 87. :
$6
Series
1941
-5,964,869
—
preferred,
17,163
$1,404,229
Assets—Plant, property, and equipment, $37,784,242;
investments,
$3,455; cash in banks—on demand, $252,567; special
deposits, $9,882;
working funds, $15,086; temporary cash investments,
$500,000; notes
receivable, $1,478; customers and miscellaneous accounts
receivable,
§442,806;
associated
companies, accounts receivable, $22,704;
mate¬
rials and supplies, $542,085;
prepayments, $30,314; other current and
accrued assets, $3,047; deferred
debits, $2,839,884; reacquired capital
stock, $567,966; consignments (contra), $16,634;
total, $43,032,151.
the
;
60,473
——
45,451
—.Y
full
5,922,129
—
540,000
180,000
*~"t 230,151
stock——
with
2,922,268
...
receivable
—
180,000
228,518
$1,499,639
stock
trust
946,787
supplies
Total
on
preferred
statements
86,740,856
—
Prepayments
The
common
investment
84,484,093
—
Materials
—V.
$5
on
as
—
Special deposits —.^—1
U. S. Treasury notes, taxes series C
Notes
on
stock
tration
31
Investments
1st
preferred
various
;
1,321,993
—
540,000
__
—:
$5.94
■
'.
Utility plant
4,588
$2,337,218
construction—Cr
3,150,000
$5.01
Balance Sheet, Dec.
6,280
$2,402,706
-
—:
on
240,000
2,625,000
-..
1
—
$2,332,629
——————
bonds——
Dividends
$3,456,763
YY
—-
—
2,103
$2,396,426
65,914
:i—
share—:
per
1,425,000
15,040
;
dividends
$4,960,078
Crll4,130
—
deductions
456
216,609
bonds
_____
on
.V
re¬
issues—;_Y
net
income
Common
$4,486,849
1,425,000
—
debt—
debt discount,
premiums
Miscellaneous
Net
—
long-term
Amortization
Dr43,080
_
720,000
1,500
deductions.-—"*
to
591,258
750,000
investments
mortgage bonds
interest
639,004
574,138
—
Liabilities—Preferred
Net
Other income, net——
2,676,764
appropriations-—1
Balance Sheet,
.'•\!961,184
6,192,110
—
„
and
income
Federal
—
Y:
Maintenance
Depreciation
State, local
1
$6,961,760
3,107,567
951,603
Dividends
$19,2^3,857 $18,bJ»,195
resale
1941
$7,781,235
income
Interest
de¬
total $3,164,171.
1942
revenues
purchased for
Other operation
Co.—Earnings—
———————
reserve
Light Co.—Earnings—
Calendar Years—
Operating
Gas
$8,134,646;
reserves,
—
Dividends
City Power
1942
credits,
for
reserve
preciation, $661,437; unappropriated surplus, $175,474;
—v. 157, p. 1271.
Kansas
$25,660;
—
Net operating revenues
Other income (net)
Interest
(par $100),
ticipating
$1,704;
taxes,
...
—
Amortization
$100), $250,000; class B par¬
preferred stock (par $100), $136,700; common stock (par
$100), $225,000; long-term debt, $1,000,000; accounts .payable, $43,096; dividends payable, $13,661; advance billings and customers' de¬
stock
31,
1942
retirement
on
cum.
Dec.
2252.
p.
:
taxes
Interest
5%
A
income
—
expenses
Gross
class
Sheet,
Years—
$494,-
100;
State
revenues
taxes
Property
$2,848,589;
counts receivable,
ferred
Y'-';-'
Balance
Kansas Gas & Electric
53,082
18,000
and
♦$80,765
*
Y'
Operating
Operating
—
insured
that
"To meet in every respect the standards specified
by the Investment
Qomoanv Act of 1940, Investors Syndicate, "6n Oct. 15, 1940, organized
a subsidiary, Investors Syndicate of America, Inc.
This new organi¬
—
Balance
Accrued
total
$130,413
3,748
total, $25,926,124.—V. 157,
$93,498
dividends
Assets—Plant
offers,
Investors
$1,980,249
income
232,340
,
accounts payable, $57,984; audited
accounts and wages pay¬
able, $369,506; balance payable to
employees under participation plan,
$168,814; matured interest and dividends unpaid,
$42,275; bond inter¬
est payable Jan.
1, 1943, $21,292; accrued taxes, other than taxes on
2,422
expense™.
—
—
122,686
219,536
laneous
i
$97,435
dividends
Common
the
statement
' 7/:
plan
the
2,485
125,192
231,018
50,000
490
and
52,583
,*
the
1943,
■/};
—
Y
228,103
income
Calendar
Cash
1939
Commissioners
the
reject
carry
so
after
$200,000,000.
31,
quick
represents
of
$146,428
1942
$28,591,593 more than
This
5,057
$152,993
.——
-
certificate
our
of
understand
or
continue
to
principal
have
case
1939.
by
all
holders
Since
"
to
necessary
by
Offers
Securities
accept
could have demanded
or
-
sound¬
'
'
"As
$141,371
3,647
—
—:
and
along this line for the benefit of all
certificate
holders.
All
cases
of
misrepresentation coming
to
the
attention of the company are righted
promptly; few cases were found.'
'
"Organized in Minneapolis in July,
1894, Investors Syndicate has
for
49
years
met every
obligation promptly when
due.
Between
1,
6,824
6u,o*d
$149,346 Y
'
——
—:
charges.
discount
charges
Assets—
it
they
this
offers
1942
of
felt
that
of
v"-.:V;"'
surrender offers
certificate
has
now
the
financial
1
outcome
number
since
of
the
•
considered
of
a
to
as
«
SEC
but
Securities
in
commissioners
appears:
"
'If special
solvency of these companies
disturbed
of
cash
for
offers
made
Association
security
be
and
one
made
Association
report
National
Jan.
debt
income
Earnings
the
the
Knew
that
premium
a
to
in
making of premium
offers
in
*
SEC
the
question
regret that the
into the courts,
matters
implicit
facts
not
holder
have
"We
province
every
investment.
these
the
J*.—
.
fixed
of
fixed
Net
General
action
an
statement:
action
of
-i
long-term debt-.
on
Amortization
Phila¬
court
a
because
and
certificate
no
ness
•
SEC
issued
believe
but
Union
following
of
the
companies
not
press,
quarter
7,522
67,^jlIf
—
(net)
before
Amortization
that
taxes
income
income,
Interest
firmly deny,
we
-
3
our
"We
*
Y
830,362
$274,261
Liabilities—5%
preferred stock, cumulative (par
$70), $7,568,522;
common
stock (343,752 shares, no
par), $343,752; capital surplus, in¬
cluding profit on accquisition of own securities,
$2,967,778;
earned
surplus, $1,283,307; first mortgage bonds, series
C, 4%, due
1957,Y.
$1,064,600; secured notes payable to RFC,
$3,087,207; deferred liabili¬
ties, $455,111; Reconstruction Finance Corporation
(including $4,030 of
interest), $148,634; equipment trust notes, secured,
$121,240; miscel¬
1,500
;•„. :•
782,270
$334,508
Assets—Operating properties at cost, $24,375,965; expenditures on
projects,
$26,525;
non-operating
properties,
$140,826;
other assets, $23,843; materials and
supplies (less reserve of $38,980),
$327,846; accounts receivable, $38,697; due from former
officer and
from employees,
$11,765; cash working funds, $103,679; cash in banks
and on hand, $767,240; deferred
charges, $109,737; total, $25,926,124.
$249,975
39,6*40
29,812
-■
785,654
$479,852
118,421
V
$2,319,912
85,900
uncompleted
11,426
$253,891
—
taxes
__—.
income
Income
Interest
understand
delphia
—,
—a-—,r.—
5,132,145
25,660
other
provem'ts,
63,777
13,205
taxes————.—
operating income
Other
con¬
Denies
"We
profits
security
Other
payments
maturity,
$6,236,768
860,392
revenue—
duction and
34,971
66,330
expenses
'
revenues
taxes
income
excess
and
expenses
accept
to
discourage
offer'
certificates
six
in
1939
$6,261,518
5,144,739
Balance avail, for im-
84,516
48,888
'
36,172
'
5,243,824
Consolidated
55,214
.
Subs.)—Annual
$6,509,329
Employees' participation
1941
84,009
—.——
(&
5,756,538
—
oper.
Net
$580,826
87,272
94.297
•
———J'
——
salaries
operrating
posits,
and
certificates,
the
time
same
by
of
to
the
and reinvestment of the pro¬
ceeds of the 'special offer' into Mutual
shares and certificate Series 1."
'•
office
$59,642;
the
termination
years
Government.
business
at
that
and
?
holders
and
as
Syndicate,
of
course
companies had misrep-;
"better than, or, are safer
being backed by the United States.
as
asserted:
certificate
in
years
four
Y.-——,—
—:
—
Co.
1940
taxes
Gross
$529,367
1942
—
operating
SEC
the
bonds
war
Federal
relationship
and
from
that
certificates
than
the
Investors
breach of fiduciary
ulent
detailed
misrepresented
defendant,
payments
SEC
more"
go
f^.The-complaint also
"The
$414,931
$603,119
■:
Federal
and
court
America
certificate
on
court
the
assured
Syndicate
surrender
impounded
complaint,
resented
than,
$23,077
series B,
$8,936,842
w
Deducts, from gross inc.
134,555
revenues
Liabilities—First- 6%
for
Net
171,394
164,853
Years—
expenses
Commercial expenses
motion.
the
204,328
14,617
$31,295
operating
Preferred
-
Investors
In
18,312
13,840
Service
Non-operating income-
484,787
'
on
account of accumulations
cumulative preferred stock, series
A,
cumulative preferred
stock,
1941
expenses
Property &
$1,320,104
■
and
1942
security taxes
Income
Y
■Traffic
time,
,
make
new
400,000
S.
preliminary injunction at
time
to study
the papers filed by the SEC.
G.
H. Oppenheimer,
counsel for the defendants,
that
$1,184,112
33,333
Public
revenue
oper.
Social
87.
p.
Federal
including
trust,
W.
not
Net
41,113
$89,339
27
dividends
""''oV''.'
Jamestown Telephone Corp.—Annual Report—
Charged .by
officers, directors and divisional sales managers.
the SEC asked the court to grant a preliminary
Injunction to retain the status quo of the company pending deter¬
mination of the civil action, restrain the individual
defendants from
serving or acting as officers and directors of the companies, to
enjoin
Investors Syndicate from serving as
principal underwriter for the other
companies, and for the appointment of a receiver for Investors
Syn¬
"The
38,647
deduct.
Maintenance
May
Investors
are
Mutual,
same
dicate.
3,144
City
Depreciation
$1,278,991
their
the
At
other
Depreciation
ended
Federal
Misconduct
and
Securities
Syndicate
defendants
Investors
and
$1,145,465
33,333
declared
♦Deficit.
company
Syndicate and Affiliates—
misuse
gross
filed by
as
$86,196
$94,255
June
on
cumulative preferred stock, series
C,
payable July 20 to holders of record June 30.
Similar distributions
made in each of the 32
preceding quarters.—V. 157, p. 1271.
Operating
Operating
480,000
fund.
have
Calendar Years—
572,009
480,000
15,787
&
all
Kansas
333,725
3,285
other
made
were
Report—
1,948,989
40,000
:
each
were
$4,613,714
2,134,989 ::
U 374,175
Yr 540,648
cents
values
$90,970
earnings—
mtge. bonds
on
General
misconduct
gross
of
been
Named
46,826
Net income
—V.
the Wisconsin Com¬
approved by
Syndicate—Gross
Investors
Charges
have
24,700
earnings—
Calendar
liquidation)
loss
Investors
accusation
and
%
1943—12 Mos.—1942
$4,675,277
directors
'..
book
157, p. 1271.
to
162,904
28,975
debt
Other
SEC
i;;
50
July 3 and Dec. 23, 1941.—V. 157, p. 1181.
cents per share on the 7%
cents per share on the 6'/a
%
75 cents per share on the 6%
81'/-»
'
Delaware—Earnings—
178,851
taxes
net
on
Amort.
155, p. 1679.
company
1943,
Co. of
40,000
com¬
Interstate Home Equipment Co., Inc.—Earnings—
1,
$1,514,083.50 in
Current
of
on
Iowa Electric Light & Power
Co.—-Accrued Dividends
July
on
Distributions
of 87'/a
realizable
$360,626
income
Total
The
inc.
25.
22, last year, and
The
$13,239,-
'
$21,000,000.
assets
present
retirements--
oper..
Interest
original cost of its utility plant is finally determined
by the Public Service Commission of Wisconsin.
by $200,000.
;
of
a
$384,239
of
than
Wisconsin
Fed.
for
Other
parent,
purpose
the
<
.
;-*£?■ 45,443
exp.
&
Net
debt
a
its
to
portfolio
1943—Month—1942
earnings™
& maint.—_
Other taxes
Approve Settlement—
Power
agreements
or
the
effecting
value
asked
of
amount
approved
In
Co.—To
Interestate
adjustments to
its
exceeding
values
company
Southern Utilities
oper.
State
.
Co., by the payment of $52,567 in cash in considera¬
forgiveness by parent of the rest of the account.
The
subsidiary is to credit its capital surplus with $200,000 and^
when
pany
by
20,9%-—.
1943—5 Mos.—1942
Power
such
use
absorb
and
been
Gross
the
of
Wisconsin
to
Power
has
laws
in
mem¬
a
$2,797,591 $16,457,028 $13,671,310
'Yv
YYa'. '.'Y'YY ?■■■., ::Y
'^
157, p. 2252.
Interstate
.
1943—Month—1942
$3,382,321
——
—V.
had
.
ip'
Period End. June 30—
June
Dec.
investment company of the
type, was organized by Investors Syndicate in
regulated under the provisions of the Investment Company
Period End. May 31—
Sales
certificates
1, 1943, give the
profit aggregating
$3,000,000.
Investors Mutual, Inc., is a mutually owned
company, its
entire assets being held in custodianship by an
independent cus¬
todian."—V. 151, p. 2501.
?}/ :
/ v;
Treasurer
Interstate Department Stores, Inc.—Sales Up
issuing
management
is
shareholders
brokerage firm of C. J. Hodgson & Co.-—V, 157,
,
of
based
chairman of
Guardian
and Mr. Liersch is
assets
and
Act
of
and
had deposited under depository
of
open-end
a
the
of
purpose
May
high-grade liquid assets.
*
"Investors Mutual, Inc.,
a
diversified
Stanley Stanger, Gordon C. Liersch and
protective committee for class A stock¬
to represent them }n section 11 proceed¬
as
and
chairman
the Montreal
2450.
p.
act
before
is
Clinton
of
to
pending
committee,
Trust
permitted
International
now
the
has
Smith
of
of
As
other
'
•
to.
company
751.28
Protective Committee For Class A Stockholders—
-
the
193
These provisions have been rigidly
31, 1943, this subsidiary had obligations to
its contract holders totaling
$12,830,095.57.
It had deposited, in compliance with the Federal Act, assets to fully cover that liability.
The
ferred
ter
the
adhered
.'V'■
Approval of Dividend—
formed expressly for
provisions of the act.
was
average
"Our
said
C.
holders.
chief
M.
concern
is
Robertson,
He
cited
the
to
continue
President,
present
in
to
his
acquire
merchandise
semi-annual
"chaotic"
regulation of the food industry, predicting
situation
some
report
in
to
to
sell,"
stock*
governmental
"constructive solution
'
must
that
manner."
soon
produced
sales
increased
Mr. Robertson
profit,
accumulations
of
this year, still the company's
greater gross dollar
a
record July 1. This compares with $1.50
and April 15, last.
Disbursements during
were as
16, $2; March 30, $2.50; and July 21 and
19, $2 each.—V. 157, p. 1084.
. '
<
4
1942
Finance
General
See
Corp.—Acquired—
Finance
above.—V.
Corp.
154,
Oct.
180.
p.
Statement—
will
during its fiscal
annual report which
is
The June 30 asset
value was $36.31 per share, as against a value of $25.09 per share
on
June
30,: 1942," and $34.54 on March 31, 1943.
The $36.31 asset
value was after an allowance of $1,11 per share for taxes that would
be
payable under the general corporate provisions of the Federal
44%
of
increase
An
in
value
asset
net
share
per
the
ended June 30, 1943, was revealed in the
being received by stockholders July 8, 1943.
year
this
if
Code
Revenue
all
portfolio appreciation
unrealized
were
1942,
30,
to
government
5.5% of gross assets.
' * "
fiscal year, the corporation repurchased 10,100 shares
of
its
own
stock for retirement, at a cost of $22,68 per share.
The report pointed out that the corporation might continue to make
such purchases in the future, and that purchases of the past year had
improved the net asset value of the remaining shares.
It was announced that the amended management agreement between
the
corporation and Lehman Brothers became effective on
this amended agreement, approved at a special
the
Under
July 1, 1943;
stockholders'
complicated profit-sharing management
terminated, and was replaced by a flat management
per quarter, beginning with the quarter ending Sept.
ry.
Profits Not
Refund—Receives Army-Navy "E"—
'
1943
30
■"
'
fs 1
"
-
-
u
'
■
>
that approximately $65,664 is now available-.
sinking fund for the purchase of class A shares of the company.
Offers of class A shares will be received up to July 20, 1943, at the
offices of the Bankers Trust Co. in New York or The First National
Bank of Boston.
Purchase will be made at the lowest offering price, '
but not to exceed $75 per share.—V. 157, p. 256.
a
market value of $9,092,466.
783.
the reductions in the
past three months
the
convertible preferred.
included:
$90,000 Missouri Pacific
Rubber
and
Tire
$1,127,000
of
value
face
a
Among
during
sales
Bond
Mobile
Gulf,
nental
Electric
Light
&
5s of
income
debentures
Electric
Power
Net
$7,227,600
5,021,884
stock,, payable July 31 to holders of record July 17. A similar distribu¬
tion was made on. Jan. -30 and April 30, last, and on Oct. 31, 1942,v
prior to which, the company paid 50 cents per share each quarter.—
$390,977
$2,768,525
$2,205,716
V.
180,475
1,242,641
871,492
37,552
expenses
28,926
Pr75,461
Drl04,547
revenue
oper.
Taxes
Equipment rent
Joint fac. rents, Dr—,
Net
22,345
19,156
99,186
$1,351,237
$1,123,160
66,000
54,795
272,619
220,182
$271,157
$275,067
$1,623,856
$1,343,342
debentures
2015 Series
~
(rentals,
Deducts,
792,140
767,400
157,437
$856,456
$117,630
$115,866
income
Net
at 5%
$551,202
2451.
Corp.—Initial Dividend
declared out of earnings an initial dividend
of 20
on its preferred stock covering full dividend
requirements for the fiscal year ended May 31, 1943.
This dividend
is payable Aug. 10 to holders of record July 26.—V. 158, p. 88.
corporation has
cents per share
The
July
15.
this
issue
p.
tLOss upon sale or other
7 of assets
.f"
the
on
cents
Premium on
$262,724
1 and Nov. 2.
Arrearages after payment of
will amount to $2 per share.—V. 157, p. 2253.
2,427,302
23,746
822
_
$2,941,015
___
dividends
been
—.—
$3,135,145
$2,752,248
183,526
$3,254,444
164,993
246,880
etc., exps.
Reg., transf.,
Other oper.
71,086
279,992
57,852
\ 343,900
43,265
395,530
$2,343,056
2,469,471
$2,795,252
2,487,971
$2,512,824
2,339,818
Dividends
Shs.
1,973,837
$1.19
1,983,977
/ / $1.41
2,003,377
$1.15
share—
per
provision was made for Federal income
"No
48,914
422,347
Quarterly distributions of 50
stock on Feb. 1 and May
mon
an
the
or,
of
depreciation
June
on
computed
1942,
30,
on
Liabilities—Accounts
same
basis,
,
(at cost)—
—
Cash
Government
S.
(at cost)——
securities
real estate corporation (at cost)
Miscellaneous investments and advances.——
Investment in
investment.—
sold—
—
Dividends receivable and interest accrued—
Other real estate
for
Receivable
securities
discount notes———,
Short-term
Total
-
Liabilities-*—
/
'
,
Payable
Total
for accrued expenses
and taxes
surplus ...
Profit and loss on investment and
dends paid
Undistributed net ordinary income
Capital
Treasury stock
—
157,
$1,982,377
184,000
——99,823
$2,086,884
288,105
99,867
....
>
81,671,927
7,569
83,673,396
p.
expenses—
Taxes
——._Dr25,860,738Z)r25,419,281
4,397,112
4,523,527
——
Drl96,500 Z>r2,073.395
2450.
of
Gross
corp.
and
no
J»i)v
directors
have declared
a
Co.—Resumes Dividend—
dividend of 15 cents per share on the
value common stock, payable Aug. 15 to
31.
A distribution of 10 cents per share was
par
1937; none
since.—-V. 144, p. 3339.
holders of record
made on Nov. 1,
31, 1943
*
-
real
$35,682;
estate
and* other taxes
Net
Operating
Net
.
$7,841
32,605.
*$5,176
cash
Net
announced
proposal
a
"
,
and
equipment
physical property —
road,
investments"
car
service
from
balance
-
_.
agents
Miscellaneous
accounts
Material
—_
receivable
supplies...
and
assets
debits
Unadjusted
'
______
__________
______
______—
There
—V.
157,
liabilities
credits
Unadjusted
Corporate
Total
—V.
156,
p.
stores
2254.
?
—
19,565
103
19,077 ;•
$1,000,000
359,950
5,432
103
14,460
.'.
surplus
1
;
p.
256.
$2,541,704
• ,
$1,000,000
362,950.
15,876
29,255
227,806
975,154
.
;
for Aug.
2
Co.;?
vote
to
/r,
1943r-rMonth—1942
1943—6 Mos.—1942
$6,864,449
$6,205,498 $37,849,405 $32,639,159 *
in June, 1943, and 207 in 1942/
in operation
/
.
Broadcasting
System
'222,947
...939,932
$2,591,766
$2,541,704
billings
gross
for
/
June'/totaled
•
June, 1942, total of $665,372,,
it was reported. ? The. cumulative billings for the six months ended i
June 30, 1943, was $5,902;918, a 10.6%
increase over the similar 1942 *
period when the total was $5,335.103.—V. 157, p. 2254. ///'■'■•';;
'/
/
■
68,303/
.
.___
of stockholders
Broadcasting Co.—Billings Up 65.4%—
Mutual
-The
'j
•j$-;->:';19,064<'•'/•*• 9,336
3,331
r2,369 >
4.205 •• •"/ 3,276
1
stock (common)____
debt
$2,155,044 $1,934,042
1,414,9341,275,081
the plan.—V. 157, p. 2451.
208
were
/ Mutual
$2,364,694x( $2,372,042
54,900
66,382
$2,591,766
—
Liabilities—
Capital
meeting
special
/ Period Ended June 30—'
.
^
Mutual
over the
ChemicaliCo. of America—New President—
beenSlected
Dr. Herbert M. Kaufmann, former President, has
Chair¬
of the board, and George A. Benington, Executive Vihe-President,
man
has been made President
of the company.—V. 87, p. 1162.
/\-
National Distillers Products Corp.—Debentures
-
'/The
company
total of
Total
$398,380
264,537
controlled by American Telephone & Telegraph
a
Sales
1941
-;
ioe,826,
_____
and
1942
———
—,———
j__:
.
,
//./■• >
miscel¬
2,483,519'
to
$1,100,481,. an increase of 65.4%
in
.
3,578,500
(G. C.) Murphy Co.—Sales Gain 10.62%—
*$10,672
Balance Sheet, Dec, 31
laneous
' '"
$4,417,561?
546,360
$450,950
309,906
———
holders approve
$21,933
13,018
Assets—
8,692,207
■
might be in a position to expand its service to meet post-war needs.
Approval of Government agencies will be sought provided stock-/
"Deficit.
Investments
'■
16,153
$8,390
;
1
$5,733,544
'
$14,132
.12,342
*$3,952
1
-
1
$944,740
.
increase the authorized capital stock from 500,000
shares of $100 par to 1,000,000 shares of the same par.
Post-war expansion was given as the reason for seeking the in¬
crease in capital by F. H. Reid,
President.
It was thought advisable,
Mr. Reid said, to act now to secure increased capital so the company
*$2,021
15,789.
8,164
-
10,166,423
1,803,877
1 "
$1,246,357
.
795,407
operating income
This company,
,
*$2,328
3.601
6,568
$34,461
2,053,374
___
taxes
Net income,
has
12,189
income
corp.
expenses
'
*$3,778
3,640
8,527
,
1943—Month—1942
1943—5 Mos.—1942 $3,304,776
$2,758,437 $15,930,890 $13,155,240 '
5,045
9,820
30,923
45,472
___
rev._
Plans 100% Stock Increase^—
15,331
income,amortiz..^
revenues
7 Net- operr revenues—_
;
$1,
14.
$46,650
•____—
equipment___Cr
Interest
15,998
Long-term
Leonard Custom Tailors
payable,
V".
the
the com¬
$13,003
$32,588
3,788
10,274
income
Income
Miscel.
Hire
$12,220
-
Operating
.
$60,357
.
;
Current
The
assets
Uncollectible oper.
157, p. 2350.
below.—V
27,769
Net oper. revenue
Deferred
special divi¬
credited'
Mountain States Telephone & Telegraph Co.—Earnings
Southern RR.—Earnings1941
1940 - • 1939
$117,665
$110,805
$108,390
138,113
105,444
97,802
94,258
revenue
oper.
Traffic
$62,566,107 $62,898,567
Total
—V.
oper.
Other
—J
loaned
securities purchased..:
for
599,944
'
Capital stock ($1 par)
Deposits received for securities
Reserve
——
$62,566,107 $62,898,567
—
:7
.
$431,274
1935." iAcquired upon reorganization, charged
1, 1935."
Period End. May 31—
1942
$198,469
Total
was
1943
1942
$54,138,713 $55,306,126
1,361,013
1,855,491
5,701,913
3,792,484
930,687
950,687
51,662
53,824
7,501
1
66,938
307,680
340,009
545,545/
-i'--'- / '
7u. /--'■
$21,805; accrued interest on bonds, $128,966; collateral trust
bonds, $2,054,000; capital stock (par $1), $191,240; excess
over liabilities and capital stock, $1,755,295; total, $4,186,987.
Operating
Montana Wyoming &
30
Sheet, June
Balance
"
Assets-—
Securities owned
i :
$319,676
-*-y. 157* p; 1745.
Ky.—Marketing Plan-
States Plywood Corp.
calendar Years—
approximately $13,022,288.
U.
of
on
the
T---:Tir
tBefore depreciation and before loss shown below,
Operating
cents per share were made on
1, last.—V. 157, p. 2253.
Mengel Co., Louisville,
See United
$441,457,
was
''
■ .1—
of assets over liabilities, at June
Balance Sheet, May
tax.
investments "for the fiscal year ended
The net unrealized appreciation (after
allowance of $2,200,000 for Federal and State taxes thereon)
of
corporation's assets on June 30, 1943, based on market quotations,
in the absence of market quotations, on fair value in the opinion
the directors,
was
approximately $9,673,873.
The net unrealized
1943
30,
I
$687,256
7Assets---Cash, .$1,516,190; mortgage loans and real estate contracts,
real estate, $1,927,431; sundry and other assets, $40,590; '
total, $4,186,987.
payable,
corporation has notified the New York Stock Exchange that
amount of
the dividend, if declared, on the common stock, par
will be determined at the meeting of the directors to be held on July
The dividend will be payable Aug. 1 to holders of record July 23.
Note—The net realized loss on
June
.*T
before depr.
"excess
stk. outst. (no
cap.
par)
Earnings
526,811
:
Directors to Meet July 14—
2,075.780
$1.02
___________
*
$114,270
687,854
M
"surplus from June 1,
the
The
$2,115,993
; 1,664,424
expenses—
ordinary income.
Net
*57,440,
on
the
to
April meeting
taxes.-
Dr22,555
$207,135
■ v
$702,776;
Corp.—Div. Meeting Dates—
meeting of the board of directors at which
preferred and common are customarily declared, have
from the first Monday of January, April, July and Oc¬
second Wednesday of January, July and October, the
remaining the first Monday of April. *v?
changed
tober,
Franch., capital stock &
miscellaneous
Dr22,763
/ $598
Dr43,874
The dates of the regular
$301,200
2,852,291
20,130
loaned
sec.
Total income
$227,841
2,995,907
30,696
18,012
*x '»
J
value,
par
Melville Shoe
$198,506
secur._
in
divs.
-
*
to
and Aug.
each,
current declaration
1940
2,723,674
—-
dividend
Cash
Taxable
H
account of
share has been declared on
cumulative preference stock, no
$3
34,029
upon
—
to
Accumulated Dividend—
50 cents per
of
100.239
trust
disposition
___——
Net loss for the year,
dividend
122,587.
.
tNet income for the year
payable Aug. 2 to holders of record July 16.
A like amount was dis¬
bursed on May
1, last, compared with 25 cents' on Feb. 1, 1943.
Disbursements made during 1942 were as follows:
Feb. 2 and May 1, 75
Baldwin
collateral
on
receiv.,
..♦Profit,
Ended June 30
,1941
accr.
not? realized
disposition of certain assets
terest
246.
A
$19,790
67,995
35,883
trust mtge.
and collateral
mortgage bonds retired-.
!___
of prior years' mtge. in¬
common
accumulations
411,760
*$61,664
Reversal
Corp.—To Pay Extra Dividend—
Maytag Co.—50-Cent
325,108
$3,185
bonds
mtge.
retired
interest
declared on the
stock, payable Aug. 5 to holders of record
The last regular quarterly dividend of 25 cents per share on
was paid on July 10 to holders of record June 20.—V.
154,
value
par
trust
135,968
Cancellation of prior years' income
dividend of 50' cents per share has been
extra
An
17,434
20,182
11,773
coll.
-
bonds
,
Margay Oil
no
*
per annum
Discount
Majestic Radio & Television
13,199
19,104
of trustees
Loss
mortgage
Comparative Income Account, Years
1943
1942
10,841
23,211
;
taxes,
Fees and expenses
Interest on
—V. 157, p.
$1,227,016
661,462
1943
rental
____
Administrative and general expenses
int.,
155,291
1941
$1,022,600
482,330
121,194
240,917
etc.
.Corporate
etc.)
4s of 1979, $42,550
"A," $251,000 Conti¬
$95,000
of 1958 Series "A,"
5s of 2030, and $114,000
5s
income,
Real estate operating expenses.^..—
income
Gross
1942
$674,411
276,402
126,225
Years Ended May 31—
Interest earned on mortgages,
locomotive convertible 6s of 1950.
Interest earned
157,. p. 1848.
Mortbon Corp. of New York—Earnings—
106,517
$220,272
declared on the common 7
dividend of 25 cents-per share has been
A
$205,157
oper; income.
ry.
Other income
$5.00
Ohio
&
&
Gas
Operating
additions
principal
to $2,147,000.
Corporation's common stock holdings
were:
1,000 International Harvester,
3,400 Chrysler, 7,000 General Motors, 1,800 Cleveland Graphite Bronze,
2,500 Eaton Manufacturing, 9,300 Borg Warner, 5,000 Bendix Avia¬
tion. 6.000 Eastern Air Lines, 5,000 Congoleum Nairn, 4,700 Crane Co.,
1,500 Johns Manville, 500 DuPont. 2,200 Potash Company of America,
3,800 Union Carbide, 3,500 Corn Products Refining, 3,800 South Porto
Rico Sugar, 2,800 Fairbanks Morse, 4,600 General Electric, 4.900 Westinghouse Electric and Manufacturing, 4,500 Electric Boat, 2,600 Climax
Molybdenum, 2,200 Hudson Bay Mining, 7,000 International Nickel,
3,800 Kennecott, 4,500 Mueller Brass, 10,800 Phelps Dodge, 1,800 Texas
Gulf Sulphur, 4,900 St. Joseph Lead, 44.267 Commonwealth and South¬
ern,
11,800 Niagara Hudson Power, 7,700 Bethlehem Steel, 6,000 Re¬
public Steel and 6,700 United States Steel.
The principal sale of preferred stocks was 2,100 shares of Goodyear
from
(John) Morrell & Co.—25-Cent Distribution—
1943—5 Mos.—1942
$7,926,646
5,158,121
$428,734
revenues
1943—Month—1942
$1,399,514 $1,417,619
970,780
1,026,642
238,784
Operating
«.
to portfolio holdings
of
the past quarter were 15,000 shares of
Twentieth Century-Fox,
1,100 American Can, 2,400 Coca-Cola, 7,600
Pepsi-Cola, 2,400 United Fruit/ 11,000 National Cash Register, 5,000
Simmons, 5,000 Sylvania
Electric Products, 2,000 R. H. Macy, 3,600
May Department Stores, 6,200 Sears Roebuck, 4,300 Woolworth, 5,000
Gulf Oil. 2,000 American Home Products,
12,800 United Gas, 40,800
United Gas Improvement and 2,300 Goodrich.
Additions to the Corporation's preferred stock holdings since March
31 included:
16,100 Buffalo, Niagara and Eastern Power $1.60, 2,800
Electric Power and Light $7.00 and
1,000 Electric Power and Light
$6.CO.
During the same period the Corporation's holdings of various
debentures of the Associated Gas and Electric Corporation increased
the corporation's
common
stocks during
Among
the
In
RR.—Earnings—
Period Ended May 31—
,
market value of common
on June 30, the largest
single concentration of investment was in the oil stocks, the corpora¬
tion's holding
of these having a total market value of $10,177,952.
The next largest group of common stocks was that of merchandising
companies, $6,981,500.
Holdings of public utility securities, including
common
and preferred stocks, speculative and high-grade bonds, had
report shows that of the $57,746,251
stocks held
in the corporation's portfolio
The
88.
The company, announces
the
Maine Central
succeed
elected Assistant Treasurer to
Co.—Seeks Tenders—
Moore Drop Forging
Renegotiation Board in Washington has affirmed the decision
St. Louis Board that the profits earned by this company onv
its war business for 1942 were not subject to any refund of any kind
or character.
:
'' « ' 1 / On May 5, two of this company's St. Louis plants were awarded the'
The
Army-Navy "E."—V. 156, p.
•
1943—5 Mos.—1942
'
$260,530,509 $250,666,963;
Assistant Treasurer—
7 (Arthur R/ Cahill .has been
Albert s. Huizinga,—V. 158, p.
meeting on June 17, the former
agreement was
fee of $31,250
491,132'
-
Inc.—Sales Up 7.5%—
Period End; June 30— 1943—Month-i-1942
-=$52,140,023 $48,475,720
157, p. 2253.
Subject to
986,854
oper.
Sales
McQuay-Norris Manufacturing Co.—War
of
1,897,917
10,922,706
1,790,853
12,270,633
2,524,219
2,703,955
railway--:—-.'
15,330,625
3,569,470
Montgomery Ward & Co.,
1943—Month—i942
1943—5 Mos.—1942
$2,829,806 $2,440,695 $13,527,237 $10,928,010
Sales
559,789
17,467,231
4,511,181
income—
—V. 15.8, p. 88.
.
governments,
During
from
Net
15.9%—
Stores Co.—Sales Up
Period End. June 30—
income™
oper.
Net
$5,187,698
$4,833,254 $31,167,551 $26,301,335
The company operated 202 stores in June, 1943, and 203 stores in
1942.—V: 157, p. 2253.
_
McLellan
ry.
From January 1—
from railway.
'
1940
$2,652,567
611,288
470,872 ;■
383,Q20
$3,055,261
843,391
$3,387,503
868,002
1,106,746
713,455
railway--—-
from
Gross
1943—6 Mos.—1942
1943—Month—1942
Period Ended June 30—
Sales
Ry.—Earnings,
1941
1942
1943
Net
—V.
unit plus accrued, income
$100 per
$3,696,480
railway
from
Net
Corp.—Sales*Up 7.33%—
McCrory Stores
$74,439,979
on June
30, 1943.
Cash, receivables and
bonds amounted to $7,445,318, or 10% of total assets,
77.6%, preferred stocks 6.8% and bonds, other than
July 30 receive bids for the sale to it of participation
indenture dated March 21, 1932,•■.. to , an; amount.t
the sum of $74,383.58 (now held in the sinking
Minneapolis St. Paul & Sault Ste. Marie
Gross
stocks
common
depositary, will
under
May—
-
leaving only the newly created
capital stock outstanding.—V. 157, p. 1945.
preferred stock has been retired,
The
•
as
exhaust
to
fund), at prices not to exceed
payments.—V. 156, p. 2253.
standing.
Robert Lehman,
on
m.
issued,
sufficient
/
Tenders—
Bank of Minneapolis,
National
Northwestern
units
certificates had a $50 par value and the new stock will
value.
♦
share represented by certificates holders will receive 10
shares of the new stock, which will be outstanding in the. amount of
1,991,130 shares.
This move will eliminate the fractional shares out¬
time.
President, informed stockholders that, in the opinion
of
the corporation's counsel, the dividends totaling $1.25
per share
paid during the past fiscal year were non-taxable for Federal income
tax purposes, s. He stated that the corporation had elected to be taxed
as
an ordinary corporation with respect to
the fiscal year, but would
become eligible for the special tax treatment available to "regulated
investment
companies" as soon as that action, in the opinion of
directors, would be to the benefit of the corporation and its stock¬
holders.
1
• •
r
> '
Gross asset3 of the corporation, which is the largest of the "closedend" diversified investment companies, rose from $49,876,278 on June
a
The
$5 par
30 authorized
its common stock
purchase price is
June
on
each
For
realized at
Commission
to purchase and retire 8,000 shares of
parent, Wisconsin Electric Co.
The
share.—V. 157, p. 2153.
t
the
until 4 p.
The
a
by
Minneapolis Gas Light Co.—Calls for
company
ago.
have
; ;
"
Exchange
and
Co.—Stock Pur-/
Transport
.
company
$100
has authorized a new class of capital stock which
take the place of the 199,113 certificates of interest representing
common
stock which were issued in reorganization several years
The
Securities
The
held
Stock Authorized—
Long-Bell Lumber Co.—New
Corp.—Annual
Lehman
chase Authorized—
the
on Feb. -l
follows: Jan.
paid
share
per
Industrial
Salle
La
6%
the
on
a
payable July 12 to holders of
157, p. 87.
pointed out.—V.
Milwaukee Electric Ry. &
.
dividend' of $2 per share on account
cumulative preferred stock,.-par $100,'.
declared
have
directors
The
While the gross profit rate declined
■,
Philadelphia—Accumulated Dividend—i
Brothers,
Lit
food industry to function In
the
enable
will
emerge
orderly
an
Monday, July 12, 1943 '
FINANCIAL CHRONICLE
THE COMMERCIAL &
194
interest.-
City
of
convert
of
has
called
for
redemption
Payment
Aug.
10,
1943
a
■
New v York,
11 Broad St., New York, N. Y.
The right to
the debentures into common stock will terminate at the close
business on the
redemption date.—V.
158, p. 89.
Corp.—Registers With
:,;/;'; /////:///;;.; :%/•//-/
Corporation on June 28
5164) with the SEC.
and
of
10-year convertible 3%% debentures at 102 and
will be made at The Chase National Bank of the
$5,000,000 of
National Securities & Research
sec—
as
-
Vailed
filed
One
two
registration
covers
the
-'/i
statements (2-5163
issuance of 40,716 shares
Volume 458
in
investment
an
Number 4193
/
trust
fund,
THE COMMERCIAL & FINANCIAL
CHRONICLE
restricted
management,
at
aggregate
an
offering price of $249,996 and the other
16,631 shares in
diversified management type of investment trust fund at
offering price of $250,296.—V. 157, p. 1746.
an
aggregate
Boston
A
dividend
value
of
common
40
cents
stock,
share has been
per
payable
declared
the
on
no
Ohio Finance
National
15 to holders of record July 10.
compares with 25
cents per share, paid on
April 15, last, and
40 cents on Jan.
15, 1942.
Payments in 1942 were as follows:
Jan. 15,
50 cents; April
15, 40 cents, and Dec. 30, 90 cents.r-V. 157, p. 2351.
Supply
Co.—Special Offering—Shields &.
special offering of 49,505 shares of $2 tenon the floor of the New
July 6.
Subscriptions were re¬
ceived for 58,271 shares and allotments were made on
Co. made
a
'year preference stock (par $40)
York Stock Exchange
the
basis
of
85%.
commission
The
largest
There
allotment
180
were
The price
$1 to dealers.
of
the
and
purchases made through 41
smallest
firms.—V.
157,
the
Profit
The
Bros.,
Inc.—Sales
Period End. June 30—
.Sales
157, p.
2254.
'
$3,237,937
,,
lative
/
1943—6 Mos.—1942
-
.
'
•
the
ciation
■of
week
reports
997,499
the
ehded
July
electric
kwh.,
week
of
above
a
year
production
of
11,062,619 kwh.
' V-% " ' -•
ago.
for
Gas output in the
July 2 week is reported at 94,727,000 cu. ft., an
•increase of 1,738,000 cu. ft., or 1.87% above
production of 92,989,000
■cu.
ft. in the corresponding week a
year ago.
'.-»?'>•
For the month ended June
30, 1943, the Association reports electric
.'output "Of 52,227,891 kwh. This is an increase of
4,218,805 kwh., or
8.79 "c
above
a
Gas
production
year
of
48,009,086
kwh.
for
the
collateral
and
a
bonds
In
with
other
of
for
its
territory for
•
pa red
of
with
53,730,394
week
for
number
ended
the
July
week
kilowatf
of
3,
ended
1943
bonds
the
of
the
the
over
-
preceding
week
was
July
4,
1942,
60,354,958
kwh,.,
at
the
iate
of
said
to
New
England
Public
Service
Co.
Committee
—
with
the
has
mission
ings
to
Martin,
liam
for
holders
requested
be
of: 6 %
the
Loom-Tex
Corp.;
S., Spatcher,
Floyd
Fruit
of
'the
7%
preferred stock cf the.
Exchange Commission for per¬
company's recapitalization proceed¬
all
of
The
committee
Iselin
consists
of
Jefferson
Co.;
Loom,
Inc., and Howard R.
York.—V. 157, p. 2153.
New
Lester
;
The
4%
July 1, 2043.
York
has asked the ICC for
company
bonds,
Interest
Central.
July
be
to
New
York
New
Central
York
&
asked
Stockholders
of
both
railroads
the
modification of lease of
ICC
for
of
Earnings for the «
^
the
vote
leased
the
on
line.-
bond
income (exclusive
ended
May 31,
be,
subject
to
additional
ended
,
the
be
financial
If
for
brokers
stock
(not
sold
the
and
for
shall
does
$800
Section
not
capital
provision
.,
,
the
been
Other
be
from
it
will
to
from
wholesale
for
Int.
maturity
to
closing
common
market
stock,
Niagara Hudson Power
Oct.
19
quotations
$1,600;. total,
$6,966,562 —V.
Corp.—Hearings Oct.
for
is announced
1943,
out
of
that
the
there
sinking
be redeemed
funds
applicable
—V.
terest
In
the
order
company
from
1,
Payments
an
*
and
Light
v
■
.
V
Oct.
on
$150,000
Aug.
1,
the
of
^
•
Co.- -SEC
debentures
of
which
thereafter
may
become
payable on
held by North
North
•
■
.
.
North American
*
•
:
Rayon
Period—
Net
profit
chgs.
♦Earnings
♦On
B
after
and
per
$387,579
share
$303,621
$0.71
combined
common
:•
'
.
v'.
24 Wks Ended-—
June 19,'43 June
13,'42 June 19,'43
all
taxes—
300,000 shares of class
stocks.—V. 157, p. 1748.
above
eastern
The
City
Bank
of
$0.55
A
and
Trust
shall
similarly noted
stampjed
an
the
terms
and
trustee
and
assets
June 13,'42
$772,282
be
upon
of
applied
thereof.—V.
the
ratably
retirement
157,
of
Net
the
1,445,283
921,969
25,384
421,783
254,729
22,732
694,336
137,850
184,137
17,024
259,556
$50,964
$42,105
$567,210
247
40
1,957
..of
$42,145
$569,168
$1.42
$1.12
212,374 shares of class
12,586
180,804
$388,364
$249,384
1,564
2,209
22.653
1,062
12,145
$32,699
$26,289
$353,566
.
Power
cash.
Ogden
common
to
the
30
declared
payment
on
during 1942
and
Dec.
cash
a
June
were
24
as
23, $2.—V.
in
Electric
81,
$39,098
1942
and advances, $138,204;
securities, $48,104; special deposits
$15,350;
customers'
service,
$87,511;
other
accounts,
stock
(13,000
(6,735
shares,
shaves,
payable,
$516;
for
reserve
par),
no
$715,000;
par), $639,825;
no
$48,814;
$823;
in
aid
un¬
customers'
$7,-
long-term
deposits.
$35,-
accrued interest, $43,850; other current lia¬
liabilities, $1,200; reserves, $342,807; contribu¬
construction, $19,778; earned surplus, $157,983; total,
deferred
of
158,
91.
p.
The
directors
on July 3
declared a dividend of $1 per share on the
stock, payable Aug. 2 to holders of record July 22.
A similar
was made on May 1, last, which
compares with a quarterly
$1.25 per share on Jan.
25, 1943.
Payments in 1942 were as fol¬
common
of
lows:
26, $1.5(f; and May 1, Aug.
Jan.
1
and Nov. 2,
$1 each.—V.
157,
1364.
Pacific Power & Light
dividend
12
Operating
$178,548
taxes—
follows:
157, p.
on
100%
a
30
cents
of
the
March
2351.
17,
last
been
"Chronicle",
given under
the
91,
Net
out¬
Co.
(Del.)—Debt
'.-v
the
Northern
3,
1943,
57,908
700,425
809,900
58,333
•
—;—
—
the
p.
States
Power
Co.
39,004,000 kwh.,
corresponding week last
91.
>
&
Light
now
now
holds
a
as
19,449
19,226
232,266
228,804
Operating income——
,,Other income
(net)-—
$188,050
$172,014
$2,359,402
$1,990,350
22
Dr435
1,254
Dr469
$188,072
$171,579
109,991
$2,360,656
1,304,026
$1,989,881
$61,588
$1,056,630
$644,990
cents;
under
Int.,
.■
deduc.—_
income
Divs.
.
income
etc.,
Net
•
applic.
103,076
$84,996
—
to
pfd.
stocks
for
the
period
Payment
system
for
compared
year,
Purchase
32,391
subsidiary
shares
cf
of
outstanding.—V. 157,
p.
Ohio Bell Telephone
revenues..__
rev.—_
expenses——
of
land
Light
of
as
periods
prior
and
company
&
to
its
that date.—V.
April
Period End. June 30—
•
whose
1,504,664
1942,
$186,512
consolidated
wholly-owned
net
assets
opera-
subsidiary,
and
business
In¬
were
157, p. 2352.
of
v
Ogden,
35,993
for
shares
$330,000
of
in
1943—12 Mos.—1942
$
$
$
$
revenues—
49,263,000
42,117,941
185,788,000
156,389,414
expenses.—
♦Operating
Operating
Laclede
(& Subs.)—Earns.
1943—3 Mos.—1942
"
31,652,000
27,345,922
121,411,000
104,632,178
Taxes
11,144,000
Net
8,597,948
39,411,000
28,395,304
6.467,000
6,174.071
24.96fi.nno
23.361.ni
Dr291,000
Drl71,254
Dr955,000
Dr94,819
6,176,000
6,002,817
24,011,000
23,267,113
income—
oper.
Other
income
Total
(net)
income
Interest
——
deductions
849,000
749,179
3,587,000
3,705,324
5,327,000
5,253,638
20,424,000
19,561,789
5,537,187
17,842,000
19,851,875
Laclede
2453.
income
__—
Dividends
$1,978,579 $11,466,524
1,199,101
7,167,889
4,921,000
♦Operating
sible
refund
the
in
100
include
revenues
in
whole
and
157,
case
respectively, in
$1,318,700,
p.
in
or
Washington rate
$1,481,600,
V.
$2,340,743
30,
former
Company,
458,478
$598,152
Pacific Telephone & Telegraph Co.
the
with
Co.—Earnings—
revs—
income.
for
the
Power
1,344,891
458,478
—
♦Including
■tions
increase
an
1943—Month—1942
1943—5 Mos.—1942
$5,568,340
$4,897,412 $27,224,171 $23,976,169
5,850
11,012
20,112
52,326
3,221,747
2,907,821
15,737,535
14,272,739
taxes—
u
lease of plant
-
Co.,
192
-C
$1,761,546
revs.
,
Permits
411
——
•,..
.
totaled
158,
157, p. 2255.
604,311
$2,127,136
acquired
for
——
562,563
»,
$152,788
i
Power
548,877
50,604
47,169
$168,601
heading "North¬
;:::
586,839
limited-term
operating
'Rent frm.
Corp."
vw,
56,371
:
(
page
3,178,239
54,494
appropriation—
of
Gross
week's
$6,903,065
3,018,558
re¬
investments
dividend.
65
$6,995,932
243,525
record
stock
stock
serve
Amort,
per
$561,196
240,954
——
retirement
1943—12 Mos.—1942
$569,551
—-
taxes
—
Statement
1943—Month—1942
revenues.
expenses—
Federal
48,471
holders
to
share
of
of
Co.—Earnings
*Income
Balance
Period End. May 31—
—V.
Dec.
accrued taxes, $52,232;
Net
Net oper.
Net income
$6,854;
accounts
Operating
Corp.—SEC
oper.
Sheet,
interest,
29,986
$327,772
stock, payable July
equivalent to 60 cents per
is
kwh.
Power
Net
10,603
distribution
As
Operating
2,101
14,935
————1_
Outlet Co., Providence, R. I.—$1 Dividend—
$208,534
25,794
—
Farmers
Trust Co., trustee, 22
William Street, New
York, N.- Y., it -is announced, will distribute on
July 15 to the bearers
of coupon No. 24
appertaining to North American Trust
Shares, series
1955
and
1956, the sum of 5.8 cents per trust
share, to holders of
record June 30.
This compares with 6.2
cents paid on Dec.
31, last
and 6 cents on July 15, 1942.—V.
143, p. 114.
16,876
2,241
—
Government
accounts,
$4,742,475.—V.
12,012
common
July
oper.
S.
bond
$2,684,300;
tions
28,838
711
June
Power Stock—
Operating
140,378
16,349
expense.—
——
accounts, Dr$6,319; materials and supplies,
$19,643; pre¬
$2,902; debt discount and expense in process of amortiza¬
$135,140; total, $4,742,475.
V
861;
140,959
$29,560
70,504
output-of
Operating
U.
of
Liabilities—Common
v
16.1%.—V.
Laclede
and
$19,259
$213,394;
debt,
$390,343
$34,974
_
appearing
Ogden
discount
—
deductions
payment
tion,
$388,366
1,977
heading should have,
33,603,000
135,909
debt
debt
income
Other
cents;
ended
$209,056
collectible
cap-
on
Water &
.Electric
4
$188,692
payments,
90,826
Weekly Output —
v
322
Assets—Utility plant, $4,081,176; investments
A proposal to
postpone the payment of $345,650 on account of in¬
debtedness owing by Northern States Power Co.
(Del.)
to Northern
States Power Co.
(Minn.), until Dec. 31, 1943, has been granted by
week
of
income
cash,
12 Mos.—1942
Postponed—
*
$209,060
—.'_
cumulativ.e. preferred stock
..."';vv:' r
Northern
States
>
24,068
$189,015
—
—_—
interest
merchandise
1943
65,662
———
as
2047.
p.
304
69,518
48,050
Federal
long-term
on
General
North
108,227
273
Income
Amortization
Other
71,708
123,708
>
taxes—
operating income
income, loss
Interest
5*26,412
franchises
income
Gross
$615,757
Shares—Distributions—
Net
Other
1941
$1,005,442
643,715
—___
—__—
than
other
Federal
provi¬
of
1942
$1,144,012
,
i—
of
Taxes,
affixed
or
'
revenue—
Amortization
appropriate legend
unpledged
.'
Uncoil,
North American
and
have
bonds
137,489
;
distributions
item
273,165
770,000
—69,734
Depreciation
regis¬
part of the over-all program for the
simplification of the electric
industry in St. Louis, the SEC has approved the
acquisition by Ogden
from the North American Co. of
3,336 shares of the common stock of
Corp.—Earnings—
12 Wks Ended
.
the
for
to" segregate
semi-annually, and authorized the company to invest the
obligation of the U. S. Government.—V.
157, p. 2452.
V :V
in
the
50
319, )00
273,165
—
Maintenance
not
$51,211
16,237
__
.
be-withheld, about
$154,000
of
trustee
___
the SEC.-
American' Light & Power Co.
American Co.
The Commission ordered
Light & Power
from its other funds a sum
equal to the interest to
funds
Stays In-
—
interest
moneys
ex¬
on
prior
31,
319.000
;
91.
p.
operating
Operation
the
Northeastern Water & Power Corp.—Correction—
by the Securities and Exchange
Commission,
prohibited untila further' order * of the
Commission
its parent, North American
CO.,'the interest 'due July
also
>
This
Cash
;
paid off
thereto,
Power
&
7.
dividends
44,122
$2,747,005
770,000
Period End. May 31—
directors
standing
issued
is
paying to
1943,
■the
American
by
shall
157, p. 2453.
July
3,978
$2,236,065
Electric
the
Northeastern Water & Electric Corp.—30-Cent
Div.—
19—
Cr8,246
(net)—
prior preferred
dividends
158,
858,650
Cr8,531
premium
deduction
stock
on
848,655
debt
charges
Old Dominion Power Co.—Income Statement—
$1,887,051
.1._
1,470,225
$3,641,531
dividends
Property
157,
of
Calendar Years—
over
3Va%
debentures due 1949, and
$188,000 of 3%% debentures due
1954, which
been drawn by lot
by the trustee, the Central Hanover Bank &
Trust Co.,' 70
Broadway, New York, N. Y.
The 3Va%
debentures will
be
retired' at 10134
and
interest, and the 3%'% debentures at 101
and
interest.—V. 157, p. 2255.
'
.
of
provided
as
collateral
declared
ital
have
Nortli
principal
the
shall
75,215
1,743,111
$3,080,166
—
——
dates,
$3,388,169
.
Net"' income
Divs.
The
and
said
$198,072
on
first collateral
lien bonds—3% income
a
will
to
$336,502
________
first
accruals———
26,442
$5,111,756
extra
dividend of 50 cents per share and the
usual quarterly
of $1.50 per share have been declared on
the common stock,
payable Aug. 2 to holders of record July 15.
Like amounts have
been paid in each of the eight
preceding quarters.—V. 157, p. 2049.
(& Subs.)—Earnings—
taxes-
23,672
$4,823,277
accruals
res.
dividend
(deficit),1 $41,711;
North American Co.—Debentures Called—
It
to
indenture,
Int.
hearing on corporation's plan for
reorganization and for
consolidating principal system companies into
a single
operating electric and gas company.—See V.
158, p. 90.' "
:
of
1943—Month—1942
income int.
share
set
interest
books
47,078 %%
868,982
$5,085,314
An
the
25,756
before
of
-
has
date
863,153
$4,799,605
,<
Okonite Co.—50-Cent Extra Distribution—
with
for
for
I
and
income
on
Bal.
$620;
securities
on
trustee
effective, North Continent
Chicago and New York
effective, that ratable
account
on
304,022
998,480
principal
distribution
amount
p.
special
items,
the
both
the
retirement
convertible
—V.
become
the
308,013
.
excess
income
$5.50
obligation to deposit
July 1, respectively, in
transfer
of
—_
Federal
•___
'Preferred
sales deposited with
It,
and, secondly, to the pay¬
fund moneys deposited with
summary
income
income
Net
such
in
no
with
lien bonds—3%
fixed
Int. on equip, notes, etc.
distributor
Other
its
payments
has
a
paid
income—
Gross
the
-
delivered), $7,701; prepaid and deferred
stock, $1,000; total, $6,966,562.
applicable
SEC
of
before
reserve
1942
2,338,580
—
income ' and
Balance
be
__
Depreciation
months
made "in
$233,459; securities, $6,576,183;
not delivered),
$109,619; dividends
sold,
receivable
based
the
of
1943
both
of
surrendered
sales
and
six
the
principal
with
and
becomes
plan
deposited
are
__
income
Gross
Co.—Earnings—
—-—
Amortization
bilities,
the
Gas
_■
Interest
interest,
plan
elect
of
tax
income
for
has
paid-up
for
set
accrued
ratable
setting forth
taxes
The
The
1
of
registration
Operating income——
Sheet, May 31, 1913
1947.
p.
default
Jan.
published
revenues—
profits
Other
months
to
361
elect,
so
Federal
respectively,
no
six
whether
company
under
common
thereof
in
of
the
the
on
the
income
cess
30J43
Liabilities—Due to brokers (securities
purchased not received), $162,691; payable for special stock
redeemed, not received, $73,851; accounts
payable and accrued expenses and
taxes, $9,911; special stock ($1
par),
$955,007; paid-in surplus, $9,020,002; income
surplus, $3,281; security
profits surplus, (deficit),
$3,217,470; excess of cost of
value
deposited
to
registration
Operation
$145,917
the
the
on
date
Gross
the
rate
State
income
Retirement
,
pur¬
of
$1.50
247,043
$12,445,573 $10,883,203
4,136,222
3,626,411
taxes
Common
principal
coupon
deposit,
(securities
$37,981;
accrued
companv
tax,
which
demand
on
been
company"
the
Balance
applicable to
has
statement.
receivable,
,
tax
franchise
-
from
(1)
the
proceeds
the
be
North Texas Co.
$176,059
Natural
._
and
Gross
may
the
160,532
$0,25
——
stated.
unpaid
the. unpaid
been
temporarily
such
prior to
Fed.
160,532
Utility operating income
Other income
(net)———_——
payment
for
$342,034
_
revenues
sales
Continent
trustee
above
present
such
plan.
Maintenance
security profits and losses) _J__'.
investment
1943
Assets—Cash
due
of
accrued
after
proceeds
Operating
.
the
Any sinking
applied to the payment
notices
premiums
bonds
and
1943
i
approximately $8,750
31,
May 31,
Other
hereinafter
of
ratable
a
North
provided.
No
$140,763
profits taxes
v
issue
1
pending decision of
Code.
Delaware
May
'above
1943
Revenue
of
income
"regulated
a
Internal
be
Federal
Ended
•
,
'
<———
Note—No
.to
Months
,
.Expenses
Net
of
as
be
medium
days
made
net
above
Aug. 5.—See also V, 158, p. 89.
Dividend-' income
•
accrue
(2)
the
of
be
certificate
The
New York Stocks, Inc.—Semi-Annual
Report—
P-'A
to
the
principal.
bonds
unless
sions
authority
the extent
as
the
on
is
payment
Period End. May Sir-
.
with
prior
apply
the
After
and/or
to
Federal
assets
or
$509,077
shares—
Maintenance
and
outstanding
securities
make
payment
the bonds.
Each bond so surrendered
thereto by the trustee under the bond
provide for issuance
guarantee
and
payment of
to
are
the
Harlem
disposition of the bonds, for their
.interest, and for reduction of rental paid for
-
or
shall
that
Continent
the
modify the lease of the
and
the
proceeds
therefor
have
on
to
ten
the
valid
principal would be guaranteed by the New
would be paid
semi-annually on Jan. 1 and
Interest
1948,
on
principal and accrued interest will thereafter be made
registered owners of the North Continent
bonds, and requesting
the
that
authority to issue $7,820,000 of
July 1,
1943, and mature on
dated
to
payments
and
1.
Coincidentally,
to
to
of
as
amended, except that such sinking fund
applied to the payment of accrued interest.
proposes
Hubbard,
to
the
thereof,
portion
^newspapers stating that
Wil¬
of
multiple
which
should
payment
through
Within
New York & Harlem RR.—Plans
Bond Issue—
non-callable
interest
accrue
cease
for
unpaid
tration.
;
is
the
trustee
be
,
Jefferson,
the
Co.,
Trust
and
all
subsidiary
insufficient
to
and
funds
trustee,
funds
of
Securities
represented at the
the Commission.
Underwriters
to
bonds
before
now
of
plan
AV committee
company
when
amount
ratable
a
that
Continent
trustee
first,
Asks
is
any
5'/2%,
shall
on
the
available
of
year,
%the
Recognition—
•
sale
of accrued
or
bonds,
which
North
ment
.
If,
redeem
or
1942
$245,565
104,802
Operation
non-cumu¬
distribution.
If
corresponding week last, year.—V. .158, p. 89.
the
bondholders,
respect
com-
increase
an
retire
taxes
2049.
p.
Operating
said
that
continue
Interest
to
increase
an
said
trustee
$5
funds
bonds.
available
event
shall
each
for
of ,9.63%
hours
61,318,032,
as
14.12%.
/Output
,/
the
the
to
refunding 5l/2%
bonds, due
and equitable basis, its $7
stock.
the
making possible
Interest
England Power Association—Output Up 14.12%
reports
the
of
payment
the
amount
deposit
pose
;:v-,
1943
before
profits taxes.
12 Months Ended
May 31—
stock.
with
the
to
or
the
in
Association
used
stock
common
amount
The
be
to
fair
preferred
retirement
deposited
-in
June, 1943, is reported as 432,154,000 cu. ft., an
increase of 26,886,000 cu.
ft., or 6.63% above production of 405,268,000
cu. ft. in the
corresponding month a year ago.—V. 158, p. 89,
New
on
first
are
retire,
preferred
the
the
provided.
corresponding
ago.
output
sales
bonds, North Continent proposes to
deposit the proceeds of any such sales with the
trustee under the
bond indenture.
The trustee, within 45
days thereafter, is to apply
said proceeds towards
making ratable payments in the amount of $5
or
any multiple thereof, from time to
time, on the principal of the
.
month
such
connection
and
England Gas and Electric Asso¬
12,060,1J8 kwh. This is an increase
of
to
and
of
In
;
New
output
9.02%
or
corresponding
2,
the
kind
ers
.-.••New England Gas & Electric Association—-Output-rFor
in
157,
company's petition for
provisions of Section 11 (b) of
shall have been
retired, there should be
remaining assets, such remaining assets will be
distributed (either
or after
sale, the proceeds thereof) pro rata amont the hold¬
any
'<
;
—V.
the
on
excess
income
Oklahoma
convertible
bonds
$2,678,453 $16,242,545 $13,421,634
v
effectuate
13
proposes
the
disposition of Its interests in its
companies, either through the sale of their securities or
assets, and the liquidation and dissolution of North
Continent.
.thereafter,
20.89%
1943—Month—1942
_
—V.
Increase
to
Net
and
Outstanding common
Earnings per share
Corp.—Hearing On Plan—
July
May 31—
charges but
all
Continent
proceeds
first lien
its
Neisner
plan
a
hearing
Act.
their
2153.
p.
hold
after
Federal income
subsidiary
15.
was
will
of
North
!
'
SEC
approval
special
a
;
shares
18,780
was
26%, with
was
North Continent Utilities
The
Co.—Earnings—
6 Months Ended
par
July
This
.
195
Lighting Properties—40-Cent Dividend
open-end,
an
North
2352.
the
part,
in
following amounts subject to pos¬
the event that the final decision
is adverse
to
the
company:
$385,800
and
the two periods ending in 1943; and $348,in the two periods ending in 1942.—
respectively,
%
.
$9,651,104
5,765,003
$836,079
$779,478
$4,298,635
759,958
4,044,164
3,786,204
Pantepec Oil Co. of Venezuela, C. A.—New Pres., Etc.
$3,886,101
800,127
W.
F.
Warren
of
the
Buckley,
W.
President,
Smith, formerly
company -
living
in
has
resigned
and
has
been
succeeded
by
Vice-President.
In addition, the directorsthe United States also have resigned^ and
will be centered in a group residing in Venezuela,
■
'• •
,
'
: v
Mr. Smith,
who has been connected with this company for years,
has lived in Venezuela for the past 30 years.
The company is incor¬
porated in Venezuela and in view of the recent oil laws of
country, it was decided that the management of the company should
be left, to those in Venezuela, where it operates.—V. 156, p. 1508.
future
stated.
was
that
""Pennsylvania-Central Airlines Corp.—On Big Board
The
common
stock was admitted to trading July 6 on the New
Exchange.—V. 158, p. 91.,
York Stock
—
retire, reserve
appropriation
___
Amortiz. of limited-term
/'■/':/
27,084
22,916
//. V> ;
:';: ■
Operating
revenues
__
Operating
expenses
,
i_
Federal taxes
taxes
Other
Property
investments
:■
■
V
Pennsylvania, Ohio &
Detroit RR.—Hearing on
Bond
Interest,
Issue—
the
$28,D. Halsey,
Cleveland banking house, received permission from
ICC July 5 to intervene in an application of the road to, issue
483,000 first and refunding mortgage 3%% bonds, series
Stuart & Co., Inc., Chicago, was denied the same privilege.
Both concerns had protested that the road and its parent,
Co.,
&
Otis
./j* •
the Penn¬
guarantors of principal and interest
of the issue, had made no effort to obtain offers from more than one
banker.
The firm to which the issue would be sold is Kuhn, Loeb &
Co. of New York.
'
'
Otis & Co. received the right of intervention because the firm was
a stockholder of the Pennsylvania RR.
Halsey, Stuart & Co., Inc., was
refused the privilege because it did not have such connection.
The ICC's order said Otis & Co. was allowed to intervene "with¬
out the right, however, to broaden the issues inherent in the applica¬
v
..'p;
the application July 8 and the
refinancing operation alternately was both praised as ."very favorable"
and challenged as "entirely improper."
Top offic'als of the Pennsyl¬
vania RR. defended the refnanc'.ng as having "advantages too great
to lose," while Otis &-Co. described the operation as being "far less
favorable" to the railroad than existing financial conditions permit. Chief witnesses for the applicant carriers were M. W. Clement, Pres.
of the Pennsylvania RR., and George H. Pabst, Jr., Financial V.-Pres.
of the road.'
Witnesses for the opposition included Fred C. Scadding,
of the* applicants herein.". ;,■///.■
The Commission began hearings on
.
tion
security analyst Tor Otis & Co., and William M.
PhTadelphia representative of Halsey, Stuart.'-//./;/
told the hearing,, presided over by I.C.C. Finance Di¬
Oliver E. Sweet and Examiner A. C. Devoe, that the Pennsyl¬
statistical and
Claflin,
Clement
Mr.
rector
approximately $9,000,000 through the proposed
The refunding, he said, will help the Pennsylvania to do
would
vania
funding.
save
which
things
very
are
in
much
public interest:
the
re¬
two
reduce fixed
ava:lable the amount of those annual savings for the
further reduction of debt.
>
'
"<
The Pennsylvania executive outlined the road's financial policy and
its program of debt reduction.
The road's present financial policy is
greatly influenced by the necesslt'es of war which, he said, cost the
carrier about $170,000,000 from 1939 to 1942, inclusive, in capital ex¬
penditures. sr.ghtly more than one-third of this outlay was met with
eqmpment issues and the remainder was paid out of cash, he said.
Mr. Clement emphasized the necessity for conserving cash for meet¬
ing tax obligations and maturity of bond issues.
With these heavy
demands for cash in mind, Mr. Clement said he believed it inadvisable
for the Pennsylvania to use its cash in calling the P. O. & D. bonds.
charges and make
'
'
*•)
of the hearipg, Robert J. Bulkley, counsel for Otis &
protesting the refinancing operation, told the Commissions
unsuccessfully, to have a partner of Kuhn, Loeb &
at the hearings to testify.
outset
the
At
,
Co., which is
had tr'ed
he
that
Co. appear
to July 9.—V. 158, p. 9.
Hearings were continued
Co.—Earnings
Pennsylvania Power & Light
revenues_—
$3,966,546
Operating
expenses—i/
2,101,344
Federal
Other
taxes
487,625
_
taxees
1943—12 Mos.—1942
1943—Month—1942
Period End. May 31—
Operating
206,914
_______
$3,697,590 $47,830,134 $44,701,535
23,888,932
22,541,228
1,877,769
7,101,571
6,236,726
601,667
2,089,174
2,044,934
170,102
appropriation'_
investments
Net
2,850,000
;
$884,830
157;
income
Gross
$889,459.
______
applic. to pfd. stocks for
158, p. 91.
$5,373,555
3,841,863
3,846,532
$2,009,509
—
Balance
-V.
$5,851,372
$340,643
the period
$442,134
income
Net
Divs.
$1,527,023
V
Pennsylvania State College—Notes
(The)
Called—
redemption as of Aug. 1, 1943, a total
of $100,000 3Mi%
serial notes due Feb. 1, 1947; $100,000 3Va % serial
notes due Feb.
1, 1948, and $100,000 3'/a% serial notes due Feb. 1,
1949,
at
102 % and interest.
Payment will be made at the Corn
Exchange National Bank & Trust Co., trustee,
1510 Chestnut St.,
Philadelphia, Pa.—V. 157, p. 170. Vyyy/ '■-VVw
have
There
been
called
for
has
accumulations
on
the
$6
Co.—Accumulated Dividend—
Phoenix Securities
corporation on June 30 had redeemed all the 70,661 outstanding
preferred stock at $55.75 a share, according
The
shares of its $3 convertible
Mack, Jr., President.
Previous thereto, the company converted 6,398 shares of preferred
stock into 15.995 shares of common stock, so the outstanding capi¬
talization of the corporation now consists of 849,764 shares of common
stock.
As of the close of business on June 30, giving effect to this
conversion and redemption, the corporation estimates the net asset
value of the common stock at approximately $26.37 a share.—V. 157,
to
p.
announcement by Walter S.
an
.statement,
says
'
is
"It
a
and
radar
... .
p//
/: ; '
in
planning to have a
serve the Army and
stand ready to be of all possible assistance in connection
production and service requirements on present radar and
radio equipment as well as
in connection with the development of
new
products.
This division will also be prepared to handle all re¬
quests for peace-time applications of radar and electronics equipment
that the Government approves.
In the post-war period every plane
and every ship will undoubtedly be required to carry radar equipment
in
the interests of safety.
Radar should do more than any other
Navy
and
with
their
of recent years to make civilian flying safe and de¬
Through this new division, Philco will be prepared to
to and benefit from this development. ;
contribute
"Other
plans
.dealers are
war
is
over.
post-war
limit of
which
will
be
of great, value
in the making and can be put into
But until that time comes, Philco
to distributors and
effect as soon as the
believes that the best
planning is to carry through its war production job to the
its ability and capacity.
That is what the company is doing."
V.
1274.
157, p.
.V'VC/'V-/;
;
&
Co.
Stock
special offering of 45,002 shares of common stock
was
withdrawn June 25 and stabilizing terminated,
Exchange
notice states—V.
158,
p.
by Shields
New ?ork
92.
•fe
Postal Telegraph,
V
....
stock of
common
of
holders
The
'
dated
,
.Rochester Gas & Electric Corp.-r-To
Preferred Stock—
aforementioned date,
redemption price, to¬
Redemption will be made at
gether with dividends to Sept. 1, 1943.
the Lincoln-Alliance Bank & Trust Co.,
183 East Main St., Rochester,
Permitted to Redeem Stock—
,
,
all
preferred stock at 105 and dividends.
Payment will be made at. any, time prior to the
holders of the said shares to receive the full
corporation has been authorized by the Securities and Ex¬
Commission to redeem as of Sept. 1, 1943, at the call price
plus accrued dividends, 38,571 shares of its preferred stock,
The
change
of
105,
company is part, of. the Associated Gas & Electric
system.
.
^
4
authorization covered the entire issue of 27,000: shares of 6%
(par $100); The
\Corp.
The
stock, Series C, of which 9,217 shares are
cumulative preferred
owned
associate companies and 17,783 shares are publicly owned; and
shares (to be selected by lot) of the 171,871 shares of 6%
cumulative preferred, Series D, of which 805 shares are owned by
by
11,871
companies and 171,066 are publicly-owned.
7 1
the redemption are to be provided by the company from
associate
for
Funds
cash
After numerous hearings before the Congressional Committees,
passed legislation authorizing the merger of telegraph com¬
panies and the legislation was approved by the President on March
of
Congress
all
which $4,081,455 will be required for the redemption
at the price of 105.—V. 157, p. 2052. ;
of
of
,Co^l3-Cent, Dividend^
C
stocks called
Rockland Light & Power
and Postal
of
dividend
A
agreement providing for merger of their two systems.. We
believe that when consolidation has been effected, substantial benefits
will accrue to the merged business and, by virtue of their equity in
an
1943, Rochester had $5,473,429
of April 30,
As
treasury.
its
in
cash,
last.
permissive legislation, Western Union
to^redeem'and'retire'on Sept: 1, 1943,
series C 6%
the outstanding
of
Redeem Series C
'
W The directors have elected
panies.
13
share has' been declared on the common
cents per
Aug. 2 to holders of record July 15. • This compares
with 12 cents on May 1/ last, and 13 cents on Feb.-1,; 1943. ; Total
dividends paid in 1942 amounted to: 50 cents per share.—V. 157.
payable
stock,
enterprise, to the existing Postal shareholders.
of your board of directors the merger and dissolution
proposed are fair and in the interests of both the
preferred and common stockholders of Postal.
Directors recommend
that these terms be accepted.
/:"..
The affirmative vote of two-thirds of the outstanding stock, includ¬
the merged
the opinion
In
the
terms
(The) Roman Catholic Episcopal- Corp. - of
"Redemption—
.
V" ^
/
proxy
as
'VV'VV-
V/'p/V;
possible.—V. 157, p.' 2455.
as
soon
have
There
two-thirds of the preferred stock, is necessary to authorize the
proposed action and permit a prompt distribution when the merger
is consummated.
Inasmuch as Postal is operating at a very substantial loss which
has the effect of increasing its liabilities, it is in the interests of the
Postal stockholders to approve the agreement promptly. The greater
the amount of the Postal liabilities on the closing date, the greater
will be
the penalty upon conversion to be paid by you.
You are
therefore urgently
requested to fill in, sign and mail the enclosed
ing
*
will
45 Beaver St., New York, N. Y.,
July 15 receive bids for
July 15, 1937, to an
on
p.m.
bonds
Postal will receive for each such
l/20th share of class B stock of Western Union as promptly as
possible after the dissolution: and a pro rata amount of any assets
remaining upon the final winding up of Postal after providing for
tlie payment of any unpaid obligations of Postal, such, distribution to
be made shortly after Dec. 31, 1946.
The class B stock will be convertible after approximately one year
from the consummation of the merger into class A stock of Western
Union in the ratio, of five % shares of class B stock for three shares
of class A stock: such conversion privilege will, however/be cdnd'ttynsl
upon
a
cash payment by the class B stockholders, the amount of
•which will depend upon the amount of Postal's liabilities at the time
of the consummation which will be assumed by Western Union.
William J. Deegan. President, in a letter to stockholders, states:
It has been evident for some years that Postal could not compete
effectively with the long d;stance teleohone,
the telegraph services
of telephone
companies, and the airmail, each monopolies in their
jesnective lields, and at the same time comoete effectively with Western
Union.
In view of its substantial operating losses, Postal could not
continue as an independent competitive enterprise and was confronted
either with Government operation or with merger.
The desirability of merging commercial telegraph facilities has long
been recognized and advocated bv the Federal Communications Com¬
mission, the Army and Navy, the Department of Commerce, other
Governmental agencies, and by all the principal communication com¬
After enactment of
V ^
V". V!
Sought—
the sale to it of first mortgage
amount sufficient to exhaust
$15,000 at prices not to exceed par and interest.;; There, are at present
outstanding $312,400 of these bonds.
,,
\
Bonds accepted are to be delivered to the trust company on or before
July 30, 1943, at which date payment will be made, and will cease to
bear interest on July 15, 1943.—V. 157, p. 171.
■'
•_
V
5%
share:
/
Trust Co.;
The Manufacturers
$1.43
shares
*After deducting. $139,780 for post-war refund. tOn 316,616
of combined common and Class A stock.—V. 157, p. 1468.
until 3
„•■'./;.//"• -/V/''/'/
possible after the dissolution.
•
.
Rhebem Theatres Corp.—Tenders
.
called
been
at
made
be
(Jacob) Ruppert—Earnings— i j
•
$692,291
$518,928
$7,302,972
net— /// Br2,192
7,017
64,165
$6,247,936
37,698
$690,098
$525,945
$7,367,137
Profit before
■
/v 289,694
income,
278,801
3,357,433
—
■'
Net
■
VI
profit
Federal
$600,193
$247,144
$4,009,704
tax
Sales-amounted to $25,673,717 in
after
against $23,726,343 in 1941,—V.- 158, p^93.,
St. Louis Southwestern
Period End. May
Ry., oper.
Ry.
ad
accruals:
tax
Federal
Other
,
57,301
1,583,970
The Chase
it
series,
is
National Bank, 11
prepared
to
Broad St., New York, N.
taxes
first mortgage bonds, 414%
bonds.—V. 157,V'p; 2456.
'"H-'/C
deliver definitive
in exchange for
temporary
7
A
distribution
of
nine
cents per
Inc.—9-Cent Dividend— >V,
share has been
—V.
declared, payable
seven
cents.—V. 157, p. 2353.
income
9
net
♦Consol.
Net
Period Ended April 30—
Other
for transp
and income-
29,985,375
325,815
rev.
Total
rev.
and income
Express
Interest
funded
taxes
& discount on
$
20,124,694 107,809,157
269,354
1,123,638
20,394,048 108,932,795
transp.
revenue-
55,665,180
3,859,439
44,232,364
3,012,683
"
14,430,346
i
I P '
1,264,353
$5,238,724
$3,477,394
49,421
39,760
$878,059
$5,288,145
$3,517,154
256,062
.,.1,542,310
1,262,731
$2,009,340.,/ / $621,997
$3,745,835
I.
v253,738.
8,501
»
:.
•
$2,254,423
;.;//• VVv/;'//',/^./--,;
(& Subs.)—Earnings— •
^1942
' - "-1941
before taxes___t$25U31,738
$8,858,763 $6,134,996
taxes—$18,177,000 -'44,421,934
1,748,563 i
//7 : 1943
$6,954,738
income
dividend
requirements—/
$4,436,829
645;201
674,089"
$4,386,433
697,836
93,600
11,488
'*
376,626
33,349
8,238,458
48,901,094
28,510,628
—
shares
of
common
j
,
stock.—V. 157, p. 2156.
Schumacher Wall Board
-
The
392,077
115,005
surplus
*
1,260,000
76,165,650
11,289,303
761,199
98,019
92,869
$4,741,747
1,606,446
$6,309,537 $3,762,740 $3,688,597
§Earnings per common share_^.__-:
$5.00 J
$2.98
$2.92
After provision for interest, depreciation, etc.
t After provision of
$886,000 for contingencies, tIncludes Federal excess profits taxes. §On
75,219,907
945,743
14,693,746
996,210
debt
$6,845,170
■
profit
income
Balance,
1943—4 Mos.—1942
$
5
>
30,311,190
deductions
$4,623,065
118,682
Subs.)—Earnings—
1943—Month—1942
$
Charges
302,489
$869,558
,
$2,263,078
Ended May 31—
Months
Federal
«
Inc. (&
—_____
157,.p. 2456.
Preferred
Railway Express Agency,
—
$2,254,714
8,364
Schenley Distillers Corp.
it is
2,
income
Deducts, from gross inc. ./
Aug. 2 to stockholders of record July 15.
This distribution,
announced, is derived entirely from dividend and interest income
after company expenses.
This compares with eight cents paid on
April 15, last, and 13 cents on Feb. 1, 1943.
Payments in 1942 were
as follows:
Feb. 2, 14 cents; May 1 and Aug. 1, eight cents each, and
Nov.
334,962
Net ry. oper. lnc._—_.
Non-operating income-
Net
-Quarterly Income Shares,
146,351
«
oper.
ry.
income
Gross
$6,698,819
•
22,522 '
$1,172,047
$2,589,676
361,637
2,186,883
351,121
-
76,166
$1,149,525
/
V
399,672
6,961,301
456,229
620,000
•
.28,828
;;
Y„ announces
.7 104,805 '
•:
99,962
$2,560,848
from
9,011,601
$7,522,706
"
7
taxes..,
income
i
'
2,063*769'/11,146,862
53,285
valorem
Federal
.
$1,950,497 $14,516,021
2,423,5517
$2,771,396
Ry.
^
1943—5 Mos.—1942
$4,014,266 $25,662,883 $16,534,307
$5,194,947'
expenses—
oper.
Ry.-Earnings^-
1943—Month—1942'V
31—
revs.——
550,000
$400,405
2——-11 >
$102,658
after
as-compared with $820,573 earned in
tax,
deduction.
income
$289,545
92,000
1942, net income totaled $713,090
1941
$2,934,298
550,000
1,583,970
.,7
1942
3,351,336
preference dividend requirements________
Preferred dividend requirements—-^.————-
Balance
.
$194,658
:
—i
__1—
1
—
For the year ended Dec. 31,
Deducts,
Prior
,
—_1—
tax
.
Balance
:
-,
'I'll
taxes-
income
$6,285,635
income
oper.
.
1, 1943, a total
Earnings for Quarter Ended March 81; 1943
,
Net
of Sept.
Canadienne Nationale in Montreal, Quebec,
at the Bank of Montreal, Toronto, Canada..
Banque
La
and Ottawa, Canada, and
*
Other
as
$352,000 of 4%
Protestant Episcopal Church
(The Bishop and
redemption
for
Ottawa—*
V
bonds, dated Aug. 31, 1935; and due Sept. 1, 19361955
(Nos. M-285 to M-559; inclusive; Nos. D-2, to D-146,. inclusive;
and Nos. C-l
to C-45, inclusive) at 100 and interest., Payment will
of
Federal
Rail
' •/
$502,797
——
Inc.—To Vote on Merger—
preferred and common stockholders will vote Aug. 10 on transfaring ♦he" assets constituting the
Postal System to the Western
Union Telegraph Co. and in connection therewith upon a charter,
amendment and the dissolution of Postal.
If the shareholders author¬
ize this action
and the merger is consummated, the shareholders of
Postal will receive the following:
;.
.i; -V
v--X; •,i>: -. v'.' -'
.V
The holders of preferred stock of Postal will receive for each such
share: one share of class B stock of Western Union as promptly as
Other
RR.—See page 200
V-
$1,815,017
*1,312,220
tEarnings per share
30,
-
Corp.—Annual Statement—^
year ending April I
shows net operating profit amounting .to $158,690.
with net profit in the previous fiscal year of $260
deducting the regular annual dividend, of $2 per share paid on
corporation's
1943,
compares
After
Pittsburgh & Lake Erie
1943
v
profits taxes
income
Net
The
Operating expenses
Offering Withdrawn—
The
31—
for Federal income And excess
Prov.
development
pendable..
,
•
Co.—Earnings—
.
that
,
part of Philco's post-war
communications division which will
'
2156,
p.
Earnings loir 9 Months Ended Mar.
taxes___—_____—
Definitive Bonds Ready—
in charge of sales, in an authorized
part:
definite
have
Profit ■ before
■
,
Corp.—Post-War Plans—..
Kennally, Vice-President
A.
T.
7,
/•/•/'
2050. :
Philco
-'■
Retire Preferred—
V
recently decided to.retire 25% of the outstand«i
July 1. This leaves 150,000 shares of the stock
Republic Drill & Tool
dividend of $1 per share on account
cumulative preferred stock, no par value,
Corp.—Redeems $3 Preferred Stk.
same
^
.
The directors,
Puget Sound Power & Light Co. (d? Subs.)—Earnings
Period End. April 30—;
1943—Month—1942
1943—12 Mos.—1942
Operating revenues
$2,011,909 $1,708,622 $22,956,074 $19,820,845
Operation
J.
—
.7 725,518 '
636,397
8,763,351 7,382,883
Maintenance
180,317
103,012
1,696,748
1,219,884
Depreciation
117,641
126,937
1,491,426
1,559,229
Federal income
taxes
;
67,720
97,172
1,183,859
889,692
Other taxes
"7 228,423
226,176 • 2,517,719
2,521,222
the
filed with
to its plan for compliance with the "Death Sentence"
the Holding Company Act proposal to sell a subsidiary
time asking the Commission to make a preliminary
determination of the retainability of the unit. ;
The subsidiary
involved is the-Western States Utilities Co., whose
outstanding 2,500 shares (no par) common shares People proposes
to sell to. Gerald L. Schlessman of Denver, Colo., for $142,500.
A hearing has been set for July 13.;—V. 157, p. 2455.
the
at
and
.
Gas Light
157, p. 1467.
ing second preferred
outstanding.—V. 157,
Co.—Change Proposed—
Securities and Exchange Commission
provisions of
'
$98,677
U
amendment
an
•
..'J
•
the common
on
Republic Aviation Corp.—To
in the Diocese of Chicago
Trustees of)—To Redeem Notes— ; All of the outstanding series D 5V2% notes dated Aug. 1, 1940, have
been called for redemption as of Aug. 1, next, at 100 and interest,
Payment Will be made at the City, National Bank & Trust Co., trustee,
208 So. La Salle St., Chicago, 111.—V. 142, p. 4015.
Peoples Light & Power
Company
430,167
15 to holders of record July 1.
A similar distribution
was made on April 15, last, compared with $2 on Jan.
15, 1943. From
Jan, 15, 1940, to and including Oct. 15, 1942, the company paid divi¬
dends of $1 per share each quarter,
. / v;' v/7:/p7. \''/./
Arrearages as at April 15, 1943, amounted to $14.25 per share.—
5,475,234; 5,680,453
471,471
$528,844
430,167
433,113
payable July
$812,114 $11,326,606 $11,054,008
447,325
deductions—
etc.,
2352.
p.
upon
Int.,
$818,790
been declared
have
stock, both payable Aug. 2 to holders of record July 20.
Like amounts
have been paid each quarter since and
including May 1, 1941, and
in addition a special of 25 cents was disbursed on Dec. 22, 1941.—•
directors have declared a
The
of
41,254
33,678
2,927
;An extra dividend; of 25
of 25 cents per share
dividend
$961,957
$79,515
$47,954
applicable to preferred stocks
—
Portland
$809,187 $11,292,928 $11,012,754
4,629
(net)—1-
income
$1,323,252
504,462
Balance
15,893
15,862
1,365
._
39,233
Co.—Extra Distribution— ;
cents per share and the usual quarterly
Drl.510
■
V.
reached
revs
oper.
Other
3,441,667
237,500
285,83:
___
33,820
'
:/>■■/
Raymond Concrete Pile
V.
limited-term
of
Amort,
$81,774
of
2156.
$963,467
;/ vBr345
Drit :
$118,747
_
____
deducts.. .//;
etc.,
Dividends
6th,
Property retirement res,
$1,322,478
it
express
increase
p.
• :
112
Net income
which would act as
sylvania RR.,
275,000
1, V
■
$388,623
income
Gross
135,978
397,330
337,501
.
$82,119
$118,788
V; '■'/;
106,858
328,039
)_
■■
tonnage for the'first three months of 1943 showed
60.9%, compared with the 1942 quarter, according to
the air express division of the Railway Express Agency, which handles
air cargo for domestic commercial airlines.
A total of 6,267,107 pounds
was
handled during the 1943 period, compared with 3,892,920 pounds
in the 1942 months. Unit shipments for the 1943 quarter were 347,951,
an
increase of 8% over 1942.
Gross revenue was up 57.6%.—V. 157,
Air
an
$4,098,891
2,327,004
$5,115,304
3,020,288
.■///'/■ 140
__
;7yvi/VV"':i;V,':'1
Tonnage Up—
-t
1943—12 Mos.—1942
1943—Month—1942
$429,018
$371,955
232,229
200,818
»
18,371
23,306
32,546
42,796
31—
Period Ended May
.
^
Co.—Earnings—
Portland Gas & Coke
operations
it
Monday, July 12, 1943
CHRONICLE
& FINANCIAL
THE COMMERCIAL
196
annual ^report for the fiscal
This!
297.1
uv
Volume
the
preferred
*
Number 4193
158<
stock,
the
remaining
profit of $101,770 vwas equalto $1.54, per share, on 66,000. shares of outstanding common stock.
In the preceding fiscal year, after payment of, accumulated preferred
dividends, there remained a net profit equal to $0.28 per share on ■
66,000 shares of
net
stock outstanding.
common
/' Dividends on preferred and common
current fiscal year as follows:
■
:
declared
were
Date Paid—
Aug.
15,
Nov.
'
.
16,
1942
$14,230
'
Feb.' 15,
1943
May
1943:
0.50
'
15,
(Decl.
—
14,230
0.50
$0.25
•
Operating
Net
$16,500
0.20
./■
13,200
•
,
Sts.,
Philadelphia,
Pa.—V.
for
contingencies, $73,992;
$536;
157,
capital
total,
stock
(no
refundable
par),
$z,jld2,192,—V. 156,
••
expenses
Ltd.—Earnings
$270,42.9
$274,267
82,509
___
earnings
$2,144,690
7313,720
91,326
$187,920
Note—Operating
/
0.20
The
National Bank of
gall,
$2,155,042
11
763,483
trustees,
a.m.
4'/a%
on
Commerce
Baronne
July
serial
for
expenses
interest.
$182,941
and
May
$1,408,970
the
excess
for
$1,391,559
months
8
At
•
.
the
end
$279,043,
April,
the
fiscal
current
R.
H.
company's
totaled
totaled
assets
''
$56,920
the
year,
liabilities
current
$242,488.
President
been
of
and
1942,
totaled
/ >./>
assets
current
V.
1,
and
1943,
bonds dated
The
Jan.
trustees
2,
had
155, p. 2363.
H.
H.
Tice,
Secretary
-
•
"
/
■
Pacific Trans.
the
and
•
Electric
.
ry.
Total
plant
ry.
totaled
exps.
from
tax
(net)
ry.
Other
14,207,548
part
any
refunding
due
5%
1,
Aug.
of
excess
of
gold
bonds,
1961.
the
maximum
a
price
for the Series A
price
Series
Purcnase
call
of
is
$500,000
A,
due
of
be
made
at
the
bonds
in
and
effect
1,
of
tions
the
Total
1943,
at
20,989,174
Total
6,733,042
40,081,478
30,152,465
The
balance
660,148
2,444,960
2,267,711
The
application
7,672,457
7,393,190
42,526,438
32,420,176
54,693
68,883
274,803
333,344
7.324.306
42,?51.6'>9
3TORR pi?
2,409,768
11,484,783
2,704
14,230
12,070,497
13,514
employment of
surplus funds
p. 167.
received.—V.-156,
which
upon
return
no
is
Sales
—
—V.
to
scribed
Co.
For—
net
1943—5 Mos.—1942
of
Haven—Stock Sub¬
New
■
and
$30
share
a
mailed
were
to
stockholders
June
on
All but 6.6% of the new stock was
stockholders
of
the
company.'
The
offering was
Chas. W. Scranton & Co., Smith,
Barney. & Co.,
15
Williams, Inc., Putnam & Co., and associates.
J
and
the
subscribed
for
underwritten
R.
&
3 Mos. End. May 31—
Income
1943
;
1942
,
—J—
$34,206
$39,322
expenses
7,543
Provisions
taxes™,
5,720
- 228
Inter."
_
for
senior
on
•••':'
-f.;--
Inc.
n-
defic.
on
Int.
deben.
••
'
'
of
•
.
jr.
on
ment
.notes
■<PVK-.
of
sec.
7
■
'
v'"r".
■'
6,335,699
5,162,849
at
14,400
Plummer
•
7,476
"
•
of
1
"
$79,840
588,196
per.
Deficit
si
♦Profit.
May
31__
has
been
Gilmour
has
appointed
been
•
'''
•M
■'
■
■
$20,879
305,332
>■:
//
9
•
,
Assets—Securities,
ceivable,
$372;
Power
United,
the six
services
reserve
for
payable
on
The
$385,172
and other
$188,716
cash,
$163,857;
legal,
accrued
'. '7
■.
special
auditing
interest
Mr.
in
New
its
Plummer.
after
all
1943
Operating
revenues
Operation
the
Commission
and
cancel
said,
all
£2,314,028
$203,961
$2,525,113
69,759
76,373
928,796
12,792
15,704
._
income"'&
profits
Other
1943—12 Mos.—1942
$192,284
_
said, adding
155, p. 2457.
has
set
extension of
from
does
that
127,886
34,685
377,795
245,740
oper.
$64,052
$53,260
$844,896
$885,360
Dr347
4,608
3,115
income
$64,222
$52,913
$849,504
$888,475
13,957
13,871
166,707
165,630
income.:
income—net™.
accruals
res.
assume
all
not
involve
changes
any
in
taken
Int.
income
1st
on
-
$50,265
$39,041
$682,798
the
to
8,125
97,500
Earnings
♦After
Service
and
is
of
of
'57
dividends
—V.
p.
$42,148
1942
1,660,852)
454,450)
157,
$30,859
.:
-
r
The
the
five
If
cumulative
accumulations,
share
par
value,
amounts
and
the
on
both
were
Arrearages
on
regular
180,061
enter
the
on
Oct.
April
common
p.
stock,
210,000
new
into
1
1,
no
to
profits
value,
dividend
4,475,000
prof, tax cred. (est.)
of
at
of
April
April
2,
share
$5.59
are
on
of
account
20
157,
'
.
158,
record
1943,
1
Aug.
and
$1,717,750
The
for
redemption as of July 1, 1943,
mortgage real estate and leasehold
La.—V.
156,
p.
2310.
There
of
have
been
$42,000 first
called
mortgage
for
Other
no
exceed
103
as
of
sinking fund bonds,
Foundation
'
'
$7.49
Co.,
of
the
certain
transfer
1942.
to
$1.80
(&
the
of
quick
assets
of
V
Inc.
approximafely $1,250,000, all o!
"■
.
i
of
full
Stokely 5%
shares
of'the
into
new
of
present
one
new
common
cumulative
Foundation
outstanding
share)
stock
preference
common
stock
right
exchange
Stokely
to
share
one
of
at
$4,350,846
stock
new
Foster
was
exhaust
will
be
B.
Parriott,
He
was
a
314;
•
a
Whitney
total
of
the
of
Ohio
Electric
Other
taxes—
♦70,000
♦117,000
deductions..™.
87,489
104,601
♦Sl^O
121,274
57,355
$55,251
27,958
prbfits
1940
bonds
at
of
Canada
receivable
fire
portion of
insurance fund,
limits,
of
plant
and
Aug. 1, next, a total
4J/2% series due 1955,
and
(less
refundable
th-3
Bldg.,
18 300
$122,874
$54,921
$57,330
46,596
46,596
37,277
tax.
hand
•",■'<*
-
in
and
banks,
March 31,
owing
to
chase
obligations,
taxes
(after
payable
and
pro
$17,711.72
excess
$111,901; deferred
(less
payable
associated
$151,432;
payment
accrued,
of
to
for
$13,-
reserve
$13,560;
fire
land, timber
depreciation of plant
accrued
for
$7,019;
liabilities,
wood
$234,032;
contract
pur¬
income
and
excess
profits
account), $36,306; other taxes
insurance fund, $111,901; reserve
on
to
to
prices
'
it
an
not
to
Stock—
present
been
elected
stockholders
Chairman
Transcontinental
of
in
1930.—V.
158,
Oil
p.
Co.
of
s
1943—12 Mos—1942
$457,963
$6,198,825
$5,400,644
218,526
2,956,126
2,538,898
29,967
27,498
370,129
taxes—83,177
44,591
&
.
298,544
excess
41,970
183
oper.
Gross
income
res.
v
,
702,682
38,188v
v
538,991
accruals™
$129,160
*
$125,471
...
484,271
<
'•
$1,630,897
489,077
195
$1,589,854
5,794
2,396
$1,636,691
$129,355
$1,592,250
35,833
35,833
430,000
430,000
$89,638
income
$93,522
$1,206,691
$1,162,250
deduc.—int
902
Preferred
713
$88,736
income
$92,808
14,428
/
$1,192,264
dividends
Texas Electric Service
Period End. May 31—
Operating
Operating
Other
revenues
taxes
taxes
Net
Other
oper.
Int.,
res.
approp.
83,333
1
revenues...
income
1943—12 Mos.—1942
$854,641 $11,416,006 $10,464,726
363,051
4,641,603
4,198,733
132,101
1,089,269
1,739,759
69,069
869,359
801,524
435,020
113,381
71,144
...
70,000
1,075,959
Co.—Earnings—
1943—Month—1942
$996,150
____
expenses
r-' 8,037
70,000
2458.
p.
.
.
$1,154,213
956,417
dividends.™
157,
Federal
it
269,457
$125,288
Net
the
until
94.
$543,858
income.
Retire,
83,333
1,000,000
$293,272
$207,087
$3,815,775
(net)
1,000,000
$2,724,710
2,027
etc., deductions
1,610
22,587
20,942
$295,299
151,643
income
$208,697
$3,838,362
$2,745,652
145,474
1,862,060
1,727,666
$143,656
$63,223
Dividends applic. to pfd. stock for the
period..
$1,976,302
$1,017,986
Net
income
•
...
Balance
—V.
companies,
$60,000
at
Sts.,
sale
1949,
375,678
375,678
$1,600,624
$642,308
charges, $25,640;
reserve
and
Light
the
1,
of
Ontario bonds,
$236,152;
$378,002;
inventories, $654,687;
profits taxes, $536;
investments, $28,913;
equipment
and
for
C,
rata
has
Co.
income—net™..
Gross
reserve),
$347,500), $394,225; total, $2,152,192.
amounts
1943
$308,822; working funds,
Province
full
;
1654.
1943—Month—1942
taxes
Other
Subs.)—Earnings—
Co., Ltd.)
17,500
on
<
Co.—Earnings—
revenue
income
profits
Income
$150,485
Dominion
;
Co.—To Issue
the
Oil
Operation
1943—6 Mos.—1942
35,000
accounts
of
sum
p.
director,
President,
merged with
Tampa
but
35,000
Assets—Cash
the
157,
offered
Period End. May 31—
$2,279,516
$7.07
35,000
—
rate1
one
common
—
$272,946
excess
1062.
p.
April
to
,
$4,493,720
$379,475
♦Includes
156,
company.—V. 157, p. 559.
Board.
142,874
$247,740
profit
(after
the
company
The
the
1,295,254
1941
Dividends
stock
stock
common
the
for
prior
new
■
.
Foun¬
Sunray Oil Corp.—Chairman Elected—
1942
inc.
,
of
preferred
has asked the SEC to approve the issue
and sale of
shares of stock (par $25) at a
price of $31.25 a share.
The
transaction has been
approved by the Massachusetts
Department of
Public Utilities.
$5,646,100
1943
.1
assets
25,120
•
Products
to
and
company
additional
of
Suburban Gas & Electric
The
$2,537,191 $14,435,426 $21,041,459
Ltd.
(Exclusive of Wood
Indus¬
'
will
business in
exchange for
Foundation.
Upon consummation of
80% of the preferred stock and 80%
Foundation.
It Is proposed
that the name
and interest.—V.
Prop, retire,
Net
Like
1,
Paper Co., Inc.—Bond Call.
redemption
capital,
,
net
sufficient
Fed.
$2,407,133
in
provide
equity
•
______
Liabilities—Accounts
Southern Advance Bag &
of
pro¬
and
process,
Baltimore
Common
Chemical
.
for
per
31.
Oct.
amounted
trustee,
Orleans,
end
Stokely
Stokely
and
1:
a
segregating
94.
p.
2258.
p.
,
Prov.
of
cents
stock,
15-year first
due Jan. 1, 1944, at 100 and interest.
Payment is being made
Whitney National Bank of New
Orleans,
New
with
of
Dy
the
> >
that
of July
part
hold
out this program.—V.
320,000
______
Power
company
-'.v-'V:
1,051,000
724,000
5,345,000
1943—Month—1942
—
Depreciation
on
Slattery Co., Inc., Shreveport, La.—Bonds Called—
$45,000
agreement
subsidiaries
Maintenance
172.
called
an
in
National Bank,
trustee, Baltimore
Baltimore, Md., will until 1 p. m. Aug. 3 receive bids
first mortgage 5%%
sinking fund bonds due
con¬
renegotiation
contracts.—V.
Consolidated Balance Sheet,
have been
the
an
—V.
•
There
as
additional
changed to Stokely Foods,
of
such
119,204
Cr447,500
$1,835,143
Profits
share
per
preference
and
on
that
and,
with
•
stock
will
stock
be
shares
1,675,000
675,000
tax
common
360,417
cents
holders
last,
stock
20
par
Standard
"Wall Street Journal"
.
cash.
old
carry
financ¬
deducting manufacturing charges including maintenance
depreciation.
fAfter estimated provision for
Standard
Dividends—
participating
the
directed
announced
subsidiaries
domestic
five shares
1,250,000
______
surtax
Years End. Mar. 31—
of
semi-annual
cumulative
payable
paid
share.—V.-157,
per
common
the
40-cent
dividend
a
company in the
months to comply>
Commission on
six
by
Struthers-Wells-Titusville Corp.—Tenders
Sought—
Spiegel, Inc.—Sales Decrease 32.3%—
„
declared
Months
agreement is reached,
Foundation's stockholders, at a meet¬
ing to be held this month, will be
asked to take the
necessary action
to
$622,842
210,000
;.
have
Commission
subsidiaries
common
holders
Utility
Sales
2457.
directors
40-cent
$579,654
>
Silverwood Dairies, Ltd.—20-Cent
down
terminated, and directed
from the
its
to
combination
share
1941
1,884,947
199,082
and
Period Ended June 30—
4,153
268,922
dividends-;
Common
5,644 >
—V.
™-_,'.'
Net income
Preferred
Six
top holding
stock.
Subs.)—Earnings—
1943
...—
income
Government
six
Co., Inc.—To Transfer Domestic
domestic
Stokely
in
for
to
the
Co.—Hearing—
f$9,993,137 $13,009,639
—
per
to
the
Stokely further proposes to offer to preferred
stockholders
the
right to exchange four shares of Foundation
.
exclusive of
95,851
Cr8
chgs.—net-
curtailments
during
of
$8,076,917 $11,304,753
1,539,275
627,620
excess
field,
gas
plan for its prompt liquidation.—V.
157,
a
manufacturing
and
common
amount
contingencies..
excess
and
company's
area
equipment
Operating
normal
Post-war
$722,846
8,125
__
mtge. bds.—
income
the
large
company's corporate structure
the manufacturing facilities of
all
owned
transfer
Gross
Oth.
avoid
additional
an
President,
the
'
Gross
construct
obligations
rates
$7,877,836 $11,124,692
for
Net profit
170
_
will
no
May 31—
—
265,053
Utility
to
Corp.—Given
handed
the
existence
Jr.,
and
proposes
the
year
income
Federal
363,341
23,939 V'
-
order
hearing
one
charges
Provision
118,878
23,931
21,749
taxes
Gross
Other
956,925
-
Federal
__
Pipeline
dation
\
operations™-™
income
Total
■
$2,589,557
excess
taxes
system,
order
Engineering Co., Inc.
wholly
outstanding stock issued by them.
United
Administ., selling & gen. expenses..
Deprec. of plant & equipment..™
1941
£2,893,349
1943—Month—1942
_
Maintenance
its
to
which
1942
July 7 authorized the company
transportation and sales facilities
Spicer Manufacturing Corp. (&
Sierra Pacific Power Co.—Earnings—
Period End. May 31—
and
Foundation has
on
Commission
SEC
an
-Profit
1942
:—
that
B.
related
for July 15 on the petition of
company
in which to comply with the
Commission's
order of July 8, 1942,
approving a voluntary plan of reorganization and
simplification. Southewestern is the
surviving corporation, other com¬
panies included in the plan
being Community Power & Light Co. and
General Public
Utilities, Inc. The Commission in its order
approving
the plan directed the
surviving company to divest itself of all control
of certain specified
securities and physical
assets.—V. 158, p. 94.
for
trus¬
Co.—Earnings-
•
charges
to
Appalachian
157, p.
corporation,
'
preferred
$7,521,061 $162,657,309 $120,852,512
Profit
Retire,
offices
Jan. 1 to June 30
1942
-V/157, p. 479.
Other
to
Gas Co.—Plan Sanctioned—.
by Southern
9 Months Ended
Shell Transport & Trading
Year Ended Dec. 31—
profit
the
The
indenture
expenses and contingencies, $24,600;
debentures, $2,667,000; accrued interest
$32,143; junior notes (6% series A due
senior
senior
Electric
sentence"
In
of Foundation
Days Ended June 30
Southwestern Public
re¬
.
.
and
incidental
taxes, $115;
acquisition
ing,
$105,922
.
debentures,
March 1,
1952), $960,000; accrued interest payable on junior notes
;<payments due beginning March 1, 1938 deferred as
per vote of the
trustees),
$331,200;
unrealized
depreciation of securities,
$282,894;
deficit
per
books on basis of carrying securities,
$690,544;
total,
$3,041,620—V. 157, p. 1092.
Other
with
Assistant
Sheet, May 31, 1943
$3,041,620.
for
&
1942.
company
the
Commission
companies
of
"-85,400
• •
templated.—V.
$2,877,391;
total,
Liabilities—Reserve
1944
Light
the
.
$7,846,008
Southern
/.//
Condensed Balance
Fed.
Controller
appointed
six
$20,522
167,837
-
the
94.
p.
Gas
the
1943,
for
of indebtedness.
company's own resources.
to construct and operate
the
proposed agreement
contemplates
Foundation all plant facilities
and
named Assistant to the Vice-President in
charge
158, p. 94.
Gas
"death
Stokely
and operate natural gas
subsidiaries operating in Arkansas and
Oklahoma.
The subsidiaries are
Arkansas-Oklahoma Gas Industrial Oil & Gas
Co., Ozark Natural Gas Co., Southwestern
States Gas Co., Twin
City
Pipe Line Co. and Western Oklahoma Gas Co.
*
$690,544
•
CV '>
■■
t
158,
.
60,137
3,
certificates
the
The
acquire
of
14,400
permission
necessary
of
in
&
granted
following is
Stokely,
simpliiy
one
subsidiary
wholly owned
the
20,657,374
-
$102,348
begin,
..
.
34,971,440
P. RR. Co. of Mexico.
Appointments—
to
'0
—
Net
977,860
its
cos
Federal
in
July
kwh.
vicinity of the Hugoton
other
or
Iy45.—V.
Stokely Brothers &
gram
-
tee's
976,560
has
liquidated
in
earnings
158, p. 94.
The
-' $6,122
for
from
be
summer
Power
2158.
stock
in
period
the
industries
The
Syst.
Gross
—V.
ended
153,749.000
Operations—Proposed Acquisition—
-
the
Defic.
realized
96.160
195,552
of
Southern United
*$997;
14,400
.
loss
Net
inc.
finances.—V.
»•
•
-
$5,303
>83,056
.
a
19,
Dr419,468.
261.249
solely controlled
V.
by
bonds
would
1
-
14,400
2,981,013
.3,350
1943
567
36,272
(pay#.*>/
sales
on
,• -j-
,$4,892
deferred)
Net loss
-
■
.
52,112
194,426
,
5,558
600
•
int.
$36,275
36,271
•.•••.
before
jr. notes_^—w
732,416
Trans.
J.
lien
wholly owned subsidiary, has applied
a
provided
it
to submit to the Commission
S.
Period—
5,586
»,
36,271
/-v/V.
Southern Ry.—Earnings-^-
1940
$43,454
..811
..
33,152
with
of
1941
Administrative
U.
John B. Reid has been
157, p. 2353.
Shawmut Bank Investment Trust—Earnings—:
>
E.
York.
companies
week
Increase of 25.5%.—V.
an
Co.,
of
be
said
war
Standard
trial
by
would
line
SEC
W.
New
by
Day,# Stoddard
See also V.
pipe
June
be
•Excluding results of S.
offer
the
with
(N. J.)—New Natural
through issuance
The
20,002,822
67,495
affiliated
/
The company has announced completion of the sale of 50,000 shares
of capital stock (par $10):
Rights to purchase these additional shares
expired June 29.
30,752,619
Mexico—
net
P.
until
first
project is estimated at around
$51,000,000, according
(D. C.)
dispatch, of which $40,000,000 would be
Washington
Standard
p.
adjustment—Cr
S.
Nieber-
La,,
for Liquidation—
:/ ;■:"
4,911,834
-
income*
Consol.
'r
at
a
important
•
.\/v
5,340,912
the
in
operating
for
compared
Commission
months ended April 30.
cos.:
in
Consol.
Insurance
;
Pac.
income
Operating
157, p. 2257.
Security
*.
So.
affiliated
$69,144,691 $69,120,849 $333,412,565 $351,486,688
—
of
Syst
Operating
1943—Month —1942
2,847
solely controlled
—net
Period End. June 30—
2,274,004
♦Separately operated
being
now
Sears, Roebuck & Co.—Sales Up 0.03%—
*
7.617,764
inc.
F.
of
fixed
charges.._
contingent chgs._
Trans.
the
921,543
fixed
Net
It is
cost of
7,554,462
1943,
company said it desires to consummate the proposed transac¬
in order to reduce its
indebtedness, and interest charges through
it
prices not to exceed 100 and
$5,820.90 for this purpose.—
utility
system
as
Co.
Power
6,750,913
_
for
to
1,140-mile 22-inch natural gas pipe line from
a
9,465,081
deducts.
avail
C.
Orleans,
sale
,
The
charges
Total
1945,
and
Federal
1,590,963
divs.
income
misc.
inc.
■
call
The
purchase.
including July 31,
is 103%, and for the Series B bonds to and
including July 31,
is 104%, and thereafter to and
including July 31, 1949, 103%..
proposed to purchase bonds in the open market,
v■.'•Tne
Total
Exchange
mortgage and
and Series B,
prices not in
1967,
cash
lor
date
to
fir°t
its
Aug.
to
effect
in
the
2,034,971
inc
incl.
New
the
Co.—Weekly Output-
public
Co.
Hope Natural Gas
operate
58,696.101
the
Securities
the
the
kwh„
Standard Oil
The
■•
time, but prior to Dec. 31,
of
Electric
facilities in Kanawha, W.
Va., to the
in southwestern
Kansas.
,
of
&
13,053,557 101,780,669
4,729,553
52,234,110
________
oper.
inc.
Gas
192,944,000
raised
Net
Scranton-Spring Brook Water Co.—Would Buy Back
or
taxes,
$221,863;
Proposed—
Equip, and joint facility
Assistant
Own Bonds—
all
profits
surplus,
.
34,933,852 237,513,955 162,254,096
21,880,295 135,733,285 103,557,995
ry.
accruals
at
hand
22,993,433
oper.
rev.
rents
The company has asked
authority
Commission to purchase from time to
excess
Orleeans and
Sts,,
for
1929,
51,303,860
28,310,427
revs
operations
Ry.
$
,
oper.
New
bids
on
corresponding week last year,
to
.Net'
output
Standard
••
>/,, $
System:
Total
/
„
:
'
.
manpower
both men
and women in the organization for their
cooperation and loyalty.
Officers of the corporation are: R. H. Shainwald, President; A. R.
Moyland, Vice-President and General Manager; Bruce F. Brown, VicePresident
and
Treasurer, and
Treasurer.—V. 157, p. 1565.
'
separately operated solely controlled affiliated
companies)
Period End. May 31—
1943—Month—1942
1943- -5 Mos.- -1942
So.
\.
Co.—Earnings of Transportation
,
in
Common
received
Standard Gas & Electric
(Also
relations have
shortage has
employee
The
year.-.
it
necessary to employ a large number of women in
there is real justification for
expressing appreciation to
and
totaled
$171,781.
At
the end of
' and
current
liabilities
t•
' » ■>
declared that
Shainwald
System—
$257,096
' :.v
exceptionally good during the
made
Southern Pacific
$2.00
of
earned
ended
profits taxes.—V. 157, p. 2457.
13,200
$42,900
'
1943—8 Mos. —1942
-
Total
portion
$1,301,550;
167.
p.
Standard Club of
Atlanta, Ga.—Tenders Sought—
—
'
1943—Month—1942
May 31 do not include income and
™
$0.65
14,230
.
Chestnut
197
------
^
'43)_1
12,
;•
'"V
.J
Apr.
Payment will be made at the: office of The
for Insurances on Lives and
Granting Annu¬
Southern Canada Power
Co.,
Amount
Per Share
14,230
0.50
i
interest.
Period End. May 31—
Gross earnings
Total
Amount
$0.50
-
and
*
.»,
& FINANCIAL CHRONICLE
1751.
tne
,
Amount
1942_-___i___—
during
—Common Stock—
Total
Per Share
'
V*
Pennsylvania Company
ities, trustee, 15th and
P.-
^
.
Amount
101
;
i ;
stocks
—Preferred Stock—
'
at
,
u"i
...»*
COMMERCIAL
THE
____________—;_™__L_.—_____
157, p. 2259.
Texas Gulf Sulphur
The
Navy
company has
"E"
been
Production
nouncement
of
this
Co.—Army-Navy "E" Award—
awarded
Award
second
White
a
Flag
award
it
Star
received
was
made
to
on
on
add
to
the
Nov.
2,
1942.
June
26
by
ArmyAn¬
Under
'
CHRONICLE
COMMERCIAL & FINANCIAL
THE
198
and
men
P. Patterson In a
Newgulf plant and
Robert
War
the
of
women
"
Light Co.—Earnings—
Texas Power &
31—
___
—,
limited-term
of
Amort,
investments
u
Net
_•
-
.
$3,684,263
19,301
$278,764
$4,725,307
$3,703,564
187,850
etc,,, deduct
$277,624 $4,702,856
1,140.
22,451
$406,199
(net)—_
income
Gross
interest,
193,482
2,310,820
2,272,590
$2,414,487 $1,430,974
865,050
865,050
$218,349
$85,282
applic. to pfd. stocks for the period
Net income—
Dividends
Balance
2458.
p.
Third Avenue Transit
Corp.—Earnings of System—
(Railway and Bus
Period End. May
operating revenue
Total operating exps.__
Total net oper.
Total
Total
$581,021
197,358
rev.._
taxes
-
$383,663
'18,047
income—
income
oper.
non-oper.
deductions
157,
"Loss.—V.
$1,740,677
212,126
$2,639,888
199,711
$273,139
19,372
.
$292,510
$2,839,599
$1,952,803
195,470
——/
244,082
2,195,924
2,641,492
$48,428
$643,675
*$688,689
$206,240.
comb'd net inc.
Total
"
$3,532,068
,1,791,392
$4,662,657
2,022,769
$451,137
177,998
$401,711
Total gross income
Total
Operations)
1943—Month—1942
1943—5 Mos.—1942
$1,669,189 $1,489,800 $16,493,750 $14,468,244
1,088,168
1,038,663 11,831,094 10,936,178
31—
Total
Total
$565,924
—$1,549,437
•_
-
157,
—V.
7,821
6,618
639
552
$404,915
1,284
revenues
oper.
income
Other
»
-
2054.
p.
,
Trustees of Temple
approximately 110 theatres in Australia. As stated above, it is pro¬
posed to use the proceeds of the sale of the prior preferred stock now
offered, together with other funds of the corporation, to acquire the
remaining 58% of the capital stock of National. Corporation also owns
stock interests in several other companies engaged in motion picture
exhibition.
as
are
will be made at the Union Planters
or at the Mutual Bank
agents.—V. 157, p. 174.
Co', Memphis, Tenn.,
National Bank & Trust
& Trust Co., St. Louis,
Century-Fox Corp.—Preferred Stock Of¬
underwriting group headed by Lehman
and Hayden, Stone & Co.,
and including
Bylth & Co., Inc., offered July 7 a new issue of 100,000
shares of prior preferred stock (no par) $4.50 divi¬
dend cumulative, at $100 per share.
Redeemable at $104 per share on or prior to July 1, 1945; thereafter,
and on or prior to July 1, 1947, at $103 per share; thereafter, and on
or prior to July
1, 1949, at $102 per share; thereafter, and on or prior
to July 1, 1951, at $101 per share; and, thereafter at $100 per share,
plus accrued dividends in each case.
Redeemable for retirement fund
$100 per share, plus
.
accrued dividends.:::
Blyth & COi, Inc.—
Eastman, Dillon & Co.
Glore, Forgan & Co.——
Goldman, Sachs & Co.——
of the corporation for such fiscal year but not in excess of
and within 120 days after the end of subsequent fiscal years
amount to be similarly set apart sufficient to provide a fund of
of consolidated net earnings but not in excess of $500,for retirement fund are subject to certain
preferred stock previously purchased.
Amounts to be set apart
credits for prior
Capitalization as of the close of business on
July 6, 1943:
Outstanding
Authorized
Prior preferred
tive (no par)
stock, $4.50 div. cumula¬
4,500
stock, $1.50 dividend cumula¬
convertible (no par)
,"1,500,000 shs.
Common stock (no par)
——
13,100,000 shs.
tive,
originally issued,
sion into
common
905,081 shs.
$1,742,000 shs.
of which 412,398 have been surrendered for conver¬
stock and 37,963 have been purchased for retirement
the preferred stock retirement fund.
surrendered or purchased may be reissued.
Participation in film rentals:
Affiliated cos. (not consolidated)
shares of
of exchanges, head
shortly after, the delivery of the prior preferred stock to the under¬
writers and the receipt by the corporation of the consideration there¬
or
for.
should be noted that in the event the financing should
be delayed or the management of the corporation for any reason deem
it advisable to exercise the option prior to the consummation of this
financing, the corporation may borrow $10,000,000 from certain banks
in New York City pursuant to an agreement and, in such event, the
—
income,
income
Total
L
i
Provision of or net
proceeds
used
to
to
be
received from the sale of stock offered hereby
such indebtedness.
would
repay
Net Income—The following is
condensed summary of
the combined net income of the corporation and its wholly owned sub¬
sidiaries and of National Theatres Corp. and its majoriy-owned domes¬
tic subsidiaries for the seven fiscal years ended Dec. 26, 1942:
Consolidated
Twentieth
Century-Fox
52 Weeks Ended:
Dec.
Dec.
Dec.
Dec.
Dec.
Dec.
Dec.
$7,924,126
8,617,114
31, 1938—.——_—«,
7,252,467
30, 1939——
4,146,814
28, 1940
$517,336
27, 1941
$4,921,927
26, 1942
;
$10,609,785
26,
1936——„
25,
1937
"Deduct
Twentieth
share
of
dividends
Century-Fox
Film
paid
Corp.
It is
National
tCombined
Theatres
"Deduct
$2,923,210
2,988,229
2,617,653
2,311,109
2,037,178
2,397,246
3,382,015
$1,134,000
1,134,000
882,000
756,000
693,000
693,000
756,000
Net Income
$9,713 336
10,471,343
8,988,120
5,701,923
,
826,842
6,626,173
13,235,800
by National Theatres Corp. to
fAfter elimination of dividends.
not to be assumed that, had the corporation acquired
of
the
Chase Bank
in National prior to
1936,
the stock
the consolidated
would have been
subsidiaries
increased by the full amount of net income of National, after elimina¬
tion of dividends paid to the corporation as shown above, since other
factors, particularly tax adjustments, might have entered into ultimate
calculations.
A
1
''
net
income
of
the
corporation
and
its
■
*
'
-
i
•,
.
.
Co.—Proposal to Merge Two
Subsidiaries Outlined to SEC—
proposal to merge Delaware Power & Light Co., a subsidiary of
Gas Improvement Co.,
and Eastern -Snore Public Service Co.,
upon
the acquisition by UGI of all the outstanding common
stock of Eastern Shore, the latter proposal now pending before the
SEC has been outlined to the Commission in joint applications by all
A
United
(Del.),
companies involved.
(Del.)
Shore
Eastern
the outstanding capital stocks of
(Maryland), Maryland Light & Power
all
owns
Service Co.
Eastern Shore Public
of Virginia.
.
issuance of new bonds
Co., and- Eastern Shore Public Service Co,
The proposed transactions involve the
and
preferred and common stocks and the redemption of $20,839,000
of outstanding bonds: in the bands of the public, and $3,253,173 stated
new
value
preferred stock of Eastern Shore (Del.).
of
The merged company,: which may be a new one or ope of the
merging companies, would have outstanding capital securities which
would consist of initially $15,000,000 30-year 3%
first mortgage and
,
collateral
bonds
trust
than
less
the
stock
series
to
sold
be
to
to
be
consolidated company not
initial series of preferred
the
net
of an
amount:-$4,000,000
face
par)
of an authorized issue
sold to net the company not
($100
of
than
common
initial
the
$10,000,000,
less
and
par
rate not. to. exceed 4.4%; and 1,162,600 (no par)
($16,000,000 stated value), of an authorized issue of
dividend
with a
shares of
3,000,000
shares.
of
its
ment
of
holdings
and
would be issued to UGI in considera-i
amount of common
initial
The
tion
Power
the
Shore
Eastern
by UQI of, $6,250,000 cash.
The
be
Eastern
Power,
called
yvould
The
for redemption.
to
bonds
.
outstanding in the hands of the public of
Shore (Del.), and Maryland Light & Power
debt
long-term
Delaware
redeemed
be
series,
due
Jan.
$3,400,000 first mortgage bonds,
Jan.
1,
due July 1,
1969: $3,100,000 of first mortgage bonds,
1969, and $6,000,000 first mortgage bonds,
1,
due
first
lien
4%%
4Va %
4Va%
1971.
$4,800,000 of first mortgage
Public Service (Del.):
Shore
Eastern
;
summarized as follows:
are
Delaware Power & Light Co.:
and
of Delaware
of the pay¬
outstanding common stocks
(Del.), and in consideration
bonds,
5M>%
20-year
series
A,
$2,250,000 of first mortgage and first lien 25-year
due Sept. 1, 1955, and $200,000 of-3'% note.
due Sept. 1, 1947;
5% bonds, series B,
Maryland Light & Power:
$1,089,000 first mortgage
A, 5%%, due Jan. 1, 1950.
first lien bonds,
series
Eastern Shore (Del.) will
call for redemption its outstanding 20,177 shares of $6 series no par
to
the
with
concurrently
or
merger
$2,351,977
$15,169*785. $7,747,089
—
550,000
2,800,000
4,850,000
1,275,162
69,313
surtax-
profits
Excess
Less
$1,936,648 stated value, and 14.538 shares of $6.50 series
preferred, $1,316,525 stated value.—V. 157, p. 2459.
P*
1 1
-V"
" J [ 1
.•
'• vV*'.-7*
_
—.
$4,921,927
$10,609,785
into U. S. dollars during
converted
funds
$$517,337
.
tLoss.
film and accessories.
1942, in the
amount of $3,500,000 had not been subject to currency
restrictions, and had been convertible unto U. S. dollars, and, there¬
fore, could properly have been included in the earnings for the years
1940 and 1941, the profits, with appropriate tax adjustments (which
are presently the subject of claims pending before the Treasury Depart¬
ment) estimated on the basis of the Federal income tax law applicable
to the respective years, would have been adjusted
as shown in the
following tabulation:
approximate
Years
Ended—
weeks)
(52
above
as
„■
Dec. 26,42 Dec. 27,'41 Dec. 28,.,40
$10,609,784 $4,921,926
$517,336
;
—
3,500,000
850,000
2,650,000
$7,109,784
$5,771,926
$2,132,663
Adjust, in res. for foreign assets—
"1,050,000
300,000
150,000
$8,159,784
taxes
Federal
in
Increase
,
has asked the SEC to approve the acquisition by it from
& Oil Co. of a natural gas transmission line for $350,000.
Wilmut Gas
approximately
is
line
Jackson
field
gas
to
a
miles
84
point
near
in length, extending from the
Hattiesburg. Miss.
United Gas
United Gas Corp., con¬
Commission set a hear¬
ing for July 20.-^. 153, p. 1290.
1,000,000
and rentals of
the
Note—If
,
-
fcas Pipe Line Co.—Proposed Acquisition—
United
.
Co. is a wholly-owned subsidiary of
trolled by Electric Power & Light Corp.
The
Cr290,000
_—
sales
?
i
Pipeline
excess
profit
"From
1
The
2,900,000
of
tax
Other taxes
Net
,
tax—
refund
post-war
profits
-
par
"
The company
for foreign assets
Cr2,900,000
Provision for Federal income taxes:-'
Normal and
no
$5,471,926
$1,982,663
States Plywood Corp.—Joint
United
Marketing Plan
Signed—
The
Mengel Co.
of Louisville,
and
Ky.,
Plywood
the United States
Corp., of New York, manufacturers of plywood and plywood specialties,
have signed an agreement for the joint marketing of their products,
including new products developed in their respective research labora¬
tories,
according to an announcement made jointly by both com¬
"■
panies.—V. 158, p. 95.
,
•
k
Co.—To Pay 25-Cerit Common
States Rubber
United
'
v,.
Dividend—.y
The directors on July 7 declared a dividend of 25 cents per share on
common
stock from earned surplus as of Dec. 31, 1942, and a
.
the
of
dividend
$2
share
per
the
on
8%
first preferred
non-cumulative
net earnings of the company during the year 1943, both
Sept. 24 to holders of record Sept. 10.
A distribution of
25 cents per share was made on the common stock on June 28, last,
which was the first since Dec. 22,
1941, when $1.50 per share was
stock,
from
payable
paid.—V.
158,
p.
95.
"Decrease.
Consolidated Balance Sheet, Dec.
26, 1942
Assets—
Cash
on
>
—
$12,645,953
foreign government securities!.——5,191,434
Accounts and notes receivable, net—
—
—:—
5,199,454
Inventories
and advances to other cos.
Investments in
Fixed assets,
net-
Other assets
—
(not conso.l)—
—
—
—
:
27,405,118
14,256,818
10,209,529
1,388,960
———
—
—,
—
——
Corpr-^Appointmerits-r-
^United States Steel
■
hand—
demand deposit and on
S. and
U.
appointments
The
relations,
industrial
of E.
W.
as Assistant
Myers as Assistant
Kempton
and Edward C.
Vice-President;
to
July 7 by
industrial relations, were announced on
States Steel Corp. of Delaware.—V. 158, p. 96.
dent,
Vice-Presi¬
the United
Upressit Metal Cap Corp.—Accumulated Dividend—
share has been declared on ,account- of accumu¬
cumulative preferred stock, par $100, payable Oct. 1
Sept.
15.
A like amount was disbursed on
March 11 and June 11, last, and on April 1( July 1, Oct. 1 and Dec. 23,
1942.
Arrearages as at July 1, 1943, were said to amount to $51 per
A dividend of $2 per
Total
$76,297,261
—
to
Liabilities—
Accounts payable
—
Reserve for Federal income
Reserve for
Earned surplus
Total
21,540,580
——
—
—
23,782,048
—'—
—
—
—
_
Utah Light & Traction
*15,910,934
—
—,—t.——
_
157, p. 2055.-
share^r-V.
————900,000
foreign assets
surplus
record
of
holders
702,800
:—~
Capital stock, stated atPaid-in
8,293,673
taxes——
credits
Deferred
$2,330,959
2,836,273
———.—.
Accrued expenses
the 8%
lations on
$76,297,267
of: $1.50 dividend, cumulative convertible preferred (no
par), issued and outstanding, 908,681 shares; common (no par) issued
and outstanding, 1,742,000 shares,
Operating
expenses
16,042
7,123
taxes
Other
taxes
'
,
1943—12 Mos.—1942
$145,615
125,324
$194,495
135,490
revenues
Operating
Federal
Co,—Earnings— '
1943—Month—1942
Period End. May 31—
849
6,290
$2,148,314
1,642,388
111,898
$1,401,392
1,232,104
8,248
68,343
83,481
"Consisting
Holders
Approve
Stockholders
to
National Theatres Deal—
purchase from Chase National
Corp.
Theatres
Bank its 58%
-
Approval also
.
holdings in National
Int.
$35,840
31,258
plant
of
lease
—
mtge. bondsand deducts,
on
int.
Other
-
Balance
granted by stockholders for creation of a new
issue of 100,000 shares.—V. 158, p. 94.
was
revs._i.-___
oper.
fr.
Gross income
to exercise its option
the corporation
authorized
have
Net
Rent
"Deficit.
prior preferred cumulative $4.50
a
$Loss.
interest
p.
United Gas Improvement
reduction in res.
However, it
be
157,
preferred,
Other
$6,811,483. $1,341,815
935,606
1,010,161
$14,300,143
net——,—.
869,642
profit
Gross
,
Application of Proceeds—The net proceeds to be received by the cor¬
from the sale of the prior preferred stock now offered, after
deducting estimated expenses, will amount to approximately $9,586,450,
plus accrued dividends from June 15, 1943, to date of delivery.
Such
proceeds, together with other cash funds of the corporation sufficient
with such proceeds to aggregate $13,000,000, will be used to purchase
1,044 shares of the outstanding capital stock of National Theatres
Corp., representing 58% of the outstanding capital stock of that cor¬
poration, the remaining 42% of which is already owned by the cor¬
poration,
\ The
stock proposed to be purchased is now owned by the Chase
National Bank, New York, which has entered into an agreement with
the corporation
under which the corporation acquired the right to
purchase such stock, for the sum of $13,000,000 and the other con¬
siderations.
It is expected that the option will be exercised and the
shares of National Theatres Corp. will be purchased concurrently with,
10,850,691
11,396,102
13,631,993
of Studebaker Corp., has been elected
President
2459.
Hoffman,
G.
director.—V.
Prior
etc.—
office and admin, expenses,
common
poration
3,061,382
937,220
1,948,747
843,519
607,054
884,795
——
None of such shares so
stock are reserved tor conversion of
preferred stock and for the conversion of outstanding scrip.
100,000
shares are reserved for issuance against an option to Darryl F. Zanuck.
$In addition, there are outstanding non-voting, non-dividend-bearing
fractional scrip certificates, which may be exchanged for an aggregate
of 26.01 plus full shares of common stock or be redeemed as provided
by the terms thereof.
1 1,135,879
etc., costs—
of production,
expenses
Paul
a
series,
'40
$67,345,659 $49,593,192 $47,856,395
37,921,674 28,593,339 31,665,287
Dec. 26, '42 Dec. 27, '41 Dec: 28,
income
"Gross
Amortiz.
authorized shares of preferred stock, 1,359,042 were
through
,
series,
Statement
subsidiaries except Roxy Theatre, Inc.)
Wks. Each)—
Year Ended (52
Profit
Preferred
"Of the 1,500,000
2,600
2,000
Merrill Lynch, Pierce, Fen-* •
ner & Beane—
2,600
Smith, Barney &
4,500
Stone & Webster and
x Blodget, Inc.
4,500
Union Securities Corp.—„
4,500
Wertheim & Co
4,500
White, Weld & Co
4,500
Consolidated Income
■■■'■
None
100,000 shs.
—
•
2,600
earnings
an
7,000
4,500
Inc.
Harriman Ripley & Co.,
Retirement Fund—An amount to be set apart from surplus within
after the close of the corporation's fiscal year ending in 1943,
to provide a fund of $150,000 or 2%
of consolidated net
000.
4,500
Kuhn, Loeb & Co
Lazard Freres & Co
Carl M. Loeb, Roades & Co.
4,500
Co.i
Hallgarten &
Kidder, Peabody & Co
5,000
2,600
4,500
9,500
2,600
4,500
4,500
Hayden, Stone & Co
Baker, Weeks & Harden-A. G. Beoker & Co., Inc.—
sufficient
$250,000;
Shares
9,500
Brothers
Lehman
120 days,
$300,000 or 4%
- -
Shares
Oper.
at
shares
Others
Twentieth
Brothers
of
follows:
(Including wholly owned
Mo., paying
and the respective
purchased- by•> each,
names of the underwriters
of prior preferred stock to be
Underwriters—The
number
company
Director—
the
Corporation now owns 42% of the capital stock of National Theatres
Corp.; subsidiaries of which have under their operating control or.
supervision approximately 590 theatres in the Pacific Coast, Rocky
Mountain
and Middlewest sections of the United States and also
Baptist Church, Memphis, Tenn.—
called for redemption as of Aug. 1, 1943, a total
of $10,000 of first mortgage bonds dated Feb. 1, 1941, and due serially
from Feb. 1, 1946, to and including Aug. 1, 1950, at par and interest.
fered—An
activities.
related
Hamphill, Noyes & Co.-—
Hornblower & Weeks..
.
have been
Payment
chiefly by subsidiaries, includes music
publishing, purchase of literary compositions, purchase and promotion
of stage plays, holding of real estate, the operation of the Roxy The¬
atre in New York City, the printing and developing of films, and other
conducted
business,
separate.
Mexican
The
subsidiaries,
Other
modern equipment.
more
be
would
is
both an operating and a holding company, having 36
21 of which are foreign companies and all but two
of which are wholly owned.
Corporation and these subsidiaries, con¬
sidered as a group, are engaged principally in the production and dis¬
tribution of motion pictures of all kinds, including features, short sub¬
jects and newsreels, in various parts of the world, but. primarily in
the United States.
Corporation is one of the major producers and dis^
tributors of motion pictures in the United States, and National The¬
atres Corp. is an important factor* in motion picture exhibition.
active
of Outstanding Bonds—
To Redeem Part
There
poration,
Corporation
1943—Month—1942
1943—12 Mos.—1942
Operating revenues
$1,121,435
$959,287 $13,273,022 $12,224,882
Operating expenses
430,918
440,612
5,290,657
5,322,833
Federal taxes
117,482
77,071
1,268,280
1,279,352
Other taxes ——r,v
67,568
63,341
804,611
730,613
Prop, retire, res. approp.
100,000
100,000
1,200,000
1,200,000
Period End May
Corporation—Twentieth Century-Fox Film Corp. is a New York cor¬
having its principal executive offices at 444 West 56th St.,
New York City.
The'torporation was organized on Feb. 1,' 1915, under
name
of "Fox Film Corp."
In August; 1935, the corporation acquired
all of the assets, subject to liabilities, of Twentieth Century Pictures,
Inc., and on Aug. 22, 1935, the name of the corporation was changed
to its present one,
■•V
Monday, July 12, 1943
•
Management of the two companies
.cp\■>;.voyyy-Vv-?%!'■' ''
operates'from Nogales and Juarez on the
Mexican-U. S. boundary to Mexico City, and from Torreon to Mazatlan.Another route, from San Luis Potosi to Nuevo Laredo, is not
at
present being operated.
The company was founded in 1931 by1
Gordon Barry, an
American flyer, who has operated it continuously
since that time.
^
' '
•
*
*
~ •
> '
of
chase
letter addressed to the
the Galveston loading
plant of the company. The award was made for meritorious services
on
the
production front.
It indicates that during the period since
the receipt of the "E" award high standards have been maintained
in the quality and quantity of production of sulphur.—V. 157, p. 1951.
of
Secretary
'
,
,
United Air Lines Transport
Utah Power & Light Co.
Corp.—Acquisition Rec¬
ommended—
of
Approval
interest
been
the
Board,
United
corporation's
Mexican
recommended
nautics
local
the
in
period End. May
in
a
airline,
report
(application
to
an
according to word received in New
officials.
S. A., has
Civil Aero¬
York last week by
Aeras Mineras,
examiner for the
Lineas
by
controlling
acquire
{
.
*
purchase 75% of the capital stock
of LAMSA, operating 1,700 route miles through the center of Mexico,
early last March.
y :
filed
United
its
application
to
that such acqui¬
sition by United would not be inconsistent with the public interest
provided it was consummated in accordance with certain terms and
conditions.
Among these were that United would not permit LAMSA
to extend its operation beyond the territorial limits of Mexico without
prior approval of the CAB and that United would not alter or permit
to be altered the percentage of voting stock held in LAMSA without
In his
report, Examiner J. Francis Reilly concluded
prior approval of the Board.
United's
bution' to
proposed acquisition calls chiefly for the company's contri¬
LAMSA in technical advice, assistance and loans for pur¬
Operating
Operating
revenues—_
expenses-—
taxes
Federal
Deprec.
property
res.
retire,
approp.—
investments
•
Net
oper.
Other
Int.,
Net
Divs.
'
105,525
deductions—_
150
Balance
—
1,572,577
1,722,402
"1,239,730
'
■
$419,220
$3
226,091
2
$193,129
$1
applic. to pfd. stocks for the period.
income
2,714,272
1,603,456
101,500
150
(net)
income
etc.,
165,997
149,896
,
revs-
income
Gross
——
1943—12 Mos.—1942
$1,325,326 $17,913,928 $15,767,936
529,524
7,661,606
6,599,778
limited-term
of
Amort,
'i 244,029
142,761
——
and
.
$1,478,459
567,364
—
taxes
Other
(& Subs.)—Earnings-
1943—Month—1942
31—
'
'
1,300
1,198,725
'
1,800
Volume
158 :
Number 4193
THE COMMERCIAL & FINANCIAL
Registers $37,000,000 Bond Isue With SEC—
The
company on June 30 filed with the SEC
(2-5173)
bonds,
the proposed
1973.>V
covering
due
of
of
by
Co,
of the sale,
general
issuance
program
serially,
of
first
of
to
notes
the
1949-53,
The
would be
sold
Profit
.V".'
banks,
company.
6 Months Ended
mortgage
will
used
be
general
in
Northwestern
to
bond
a
Mutual
The
total
fund
would
Utah
on
be
Power
employed
&
to
pay
5%
Light's
lien
and
due
Insurance
1944 of
Est.
V
mortgage gold bonds, of which $4,068,000 were out?
the 5% 30-year first and refunding mortgage gold bonds,
A, of Utah Light & Traction Co.
A total of $11,813,000 of Utah
in
tax
rate
Total
in
accordance
with
information
those
l
$6,816,214
J-' ,-34,480
'
companies
—
>
^Interest
for Federal normal
funded debt.:————-
on,
Net
income
for
•
the
of
.
Sheet,
$20,625
are
mortgage
notes
157, p.
Liabilities—General
$59,418
31,
Dec.
in aid
1368.
and
Audited
$21,750
'
f
"1 '
•
'k
It-x
'
The
stock
common
(no
par)
stock
was
placed privately for
public reoffering.—V. .158, p. 96.
no
from
the
Chase
investment
and
Unmatured
$733,497.
,
495,042
-
Accrued
Other
prepaid
Operating
Opcrating
.Other
revenues
;
$1,025,529
396,225
taxes
117,606
taxes
106,720
res.
approp.
91,626
90,899
1,094,030
Net
$313,352
$222,411
$3,653,754
$2,737,282
3.016
1,534
46,727
40,912
$316,368
$223,945
$3,700,481
$2,778,194
70,093
71,008
876,434
865,308
$246,275
$152,937
period—
$2,824,047
622,518
$1,912,886
stock for the
$2,201,529
oper.
Other
$1,290,368
revenues
income
(net)
Net
total, ,$19,171,655.
etc.,
deduct.—
income
________
Dividends applic. to
and
2,320
4,001,545
-
1,934,201
liabilities
457,941
pfd.
442,402
37,064
loss_
25,798
18,926,528
;
15,931,805
23,001,824
24,339,991
194,668,134 188,757,843
Auto
Supply Co.—Sales Decrease 5.4%—
1943—Month—1942
$4,322,000
________________
1943—6 Mos.—1942
$4,569,000 $21,302,000 $28,969,000
157, p. 1856.
Western Pacific RR.—Annual
Report—
Calendar Years—
Gross income
Interest,
1,204
525,615
2,017
credits
Period Ended June 30—
—V.
132,067
518,043
accrued_______„__________
_________—_______
1,090,792
397,311
1,363,298
375,241
accrued,.
liabilities
Western
425,742
1,834
158, p. 96.
Sales
6,138,200
67,031,866
382,082
________________
preferred stock..,
Total
—V.
1943—12 Mos.—1942
$935,434 $12,309,558 $11,553,781
402,360
5,115,120
5,352,323
122,487
1,298,643
1,203,482
97,277
1,148,011
1,169,902
17,742,050
32,906
liabilityJ:
Unadjusted
1943—Month—1942
^_
i__
expenses
Prop, retire,
ex¬
refunding mortgage bonds, $3,513,800; current liabilities
(including $379,700 provision for Federal income, tax),
f $1,062,920; reserve for depreciation and
obsolescence, $4,936,475; reserve
for deferred maintenance,
$100,000; reserve for casualties, $300,162;
tax
current
Deferred
will
1942
$25,471;
rents
payable______
payable--^
payable
first
interest
Washington Water Power Co. (&
Subs.)—Earnings—
.Federal
:
payable,
debt
wages
unpaid
53,286,898
6,138,200
425,742
66,163,866
.•1,118,431
1,092,996
:
balances
accounts
Unmatured
National
there
and
matured
Dividends
'
Privately-
secured
service
car
accounts
Miscellaneous
"
2
,
and
2,168,448
53,286,898
17,742,050
stock___-__________
of construction..-
10 582
194,668,134 188,757,843
______
stock—
bonded
4 490
27 032
10,761
2,827,422
stock
Mortgage,
4,006
$38,345
11,722
—
preferred
Grants
$17,744
700,709
1,822^919
receivable—.:
debits
preferred
Second
562,424
1,992,148
—_______________
First
2,401,138
848,983
1,637,767
—________________
Common
1941
$26,7QI
11,643
conductors..
Liabilities-
,
ended
follows:
1942
$59,079
Period End. May 31—
160,291
-■*
receivable,
penses and deferred charges; $76,645;
companies,
period
as
1942
Railway operating revenues—
Railway operating expenses-,.Net operating revenues
Railway tax accruals
622,518
1941
$38,537,320 $24,089,163
22,427,437
16,757,505
$16,109,884
5,186,079
$7,331,658
$10,923,805
1,934,648
:
118,896
$5,757,333
$9,108,052
$4,223,986
1,574,324
•
capital
stock
(par
171,655.—V.-157,
$100),
$8,250,700;
surplus,
$1,007,597;
736.
p.
total,
—V.
157,
2260.
p.
;!
Virginian
Ry.—Secondary Offering—Shields & Co.
secondary offering after the close of the mar¬
ket July 6 of 25,000 shares of 6% cumulative
preferred
.stock (par $25) at
'"34%, with a special commission to
a
dealers of 65 cents.-
'
May—
Gross
from
ry.
$2,158,728
1,023,674
inc.——
590,110
oper.
1941
Deprec.
$2,245,018
Fed.
$2,535,553
1,482,783
672,423
878,497
1,192,306
929,791
Subs.)—Earnings
May 29, '43 May 30, '42 May 31, '41
and
profit
$8,086,856
$2,281,881
from
from
11,269,570
11,231,221
10,314,941
,253,612
217,714
209,300
$2,432,141
_
and
_
__
State
$2,491,181
190,406
45,949
5,659,033
5,380,186
_
taxes
716,110
3,198,163
2,994,039
4,510,145
income-.-
income
Net
profit
$2,338,950
$1,531,088
$1,729,122
dividends.—
:o''.Avf■•'•V{
__________
876,300
876,300
876,300
437,347
437,347
291,565
$1,025,603
$217,441
$561,258
583.129
583.129
Surplus
Shrs.
stk.
com.
Earnings
(no par)
.
'
$2.51
"
$1.12
receiv.
Miscellaneous
Materials
583.129
share
per
balances
$691,118
683.129
$1.46
from
accounts
and
Other
current
&
300,000
5,073,134
conductors
817,935
474,643
5,822,776
2,320,325
receivable—^—
2,187,011
receivable
Walker Mfg. Co.
'. ;
A dividend of
accumulations
-
$50,
75
the
on
$3
May
payable Aug. 2 to
1,. 1943, amounted
Feb.
.
1,
4
three
1943,
and
(Wis.)—Accumulated Dividend—
cents
share
per
cumulative
holders
to
$1.50
has
of
$1.50
preceding quarters.—V.
declared
convertible
account
on
preferred
stock,
record
July 21.
Dividends paid
share, compared with 75 cents
per
Nov.
on
been
2,
1942,
157, p.
and
75
cents
in
each
of
Assets—
of
par
on
on
the
estate,
U.
Treasury tax
S.
Investments
Warner
in
Pictures, Inc.—Arranges $23,000,000
Financing—Proceeds to Pay Off Bank Loans, Retire
Preferred Shares—
agreement
completed
was
the
•
•
•
company obtained $15,000,000 from
First National Bank of Boston
and
Loans
and
a
July
of
group
2
under
banks
Cash
to
by
■
also
entered
into
for
the
due
to
the
pay
$5,500,000
bank
loans;
all
private
sale
6%'..' debentures,
1948, in the principal amount of $10,139,500; and
outstanding.
of preferred stock
v
'
on
The company has
the outstanding 6%
and
of
as
per
Sept.
the 99,397 shares
tCapital
Notes
Holders
the
of
the
called
for
redemption
Payment will
be
made
as
Aug.
2,
date,
at
anv
rendering the debentures
at
trustee
;
all
at
the
Manufacturers
the
issue.—V.
the
p.
There have been
before
office
2356,
the
t
trust
company
which
is
•
Operating
revenues
„
Operation
,TJ
Depreciation
taxes
income
;
and
operating
excess
„
1943,
Power
in
1943
and
852,261
862,985
no
par
stock for
other deductions-
preferred
Dividends
on
common
direct
stockstock-
charges
Balance
—V. 157, p. 2519.
in
had
at
least
the
$2,288,651
13,669
$1,865,601
$2,302,320
906,564
$1,926,750
839,871
$1,086,879
61,149
366,813
270,015
637,524
Crl,352
$185,205
Unadjusted
Profit
the
the
the
of
its
face
in
1943
$4
convertible
stock.
of
extension
and
common
purchase
93.90%
Texas
\
preferred
the
Pecos
stock
the
June
all
and
revenues
Operating
stock
it
outstanding
had
had
r,t
Ended
Dec.
been
de¬
elected
to
special
Postal
'
,'
the
A.
t
%'li
Joint
Hire
N.
Net
Other
income
income
companies
Deductions
oly
of
iriail,
the
$8,025,137
2,525,228
income
Dividend
Balance
on
to
first
preferred
stock
of
the
and loss
Western
Union
Telegraph
Co.
$7,082,241
$5,499,909
in
the
the
mately
54,369
figure,
402,981
447,424
Postal)
$5,795,020
Union.
114,128
3,350,433
3,354,794
$2,554,354
a
1,241,947
1,241,947
$2,920,283
$1,312,407
national
public
the
service
law
unified
that
the
companies
permitted
telegraph
business,
but
the
competition of
developments expected
features
Union
its
of
the
it
the
in
will
to
telegraph
system
a
be
to
be
monop¬
in
a
far
the
telephone,
air
radio.
agreement:
the properties
Postal's
assumes
indebtedness
agreement.
calling
result
$100,000
consummated.
be
believe
and
assets
to
obligations.
of
the
Postal's
Postal
current
the
RFC, less cash and receivables,
however, exceed a base figure of $10,800,000 by more than
subject to certain adjustments of the base figure provided
events
206,683
$5,909,148
main
Union
proposed acquisition will not have
meet
post-war
and
will
225,823
$7,512,663
this
for
that
year
communications
to
Western
good thing for Western Union, and
in support of it is outlined
by
lawful
this
The
so.
of
a
proxies
"VV
not,
the
the
an
these
the
convert
cash
from
net
into
upon
The
the
agreement
adjustment of
increase
month
a
If
right of
to
Since
for
in
of
the
July
class
proportionate
share
of
do
time
exceed
class
stock
A
per
the
to
the
as
cash payments by
payment
1
liabilities
holders of
entered
was
into,
one
the base figure has occurred,
figure at the rate of approxi¬
B
the
agreement
the
stock
adjusted
(to
mentioned
be
below
is
base
issued
will
to'
be
the converting holders to Western
of class B stock converted will
share
the
first
if the excess liabilities should
$616,248
amount
to
of
more
excess
than
liabilities
that
sum,
a
proportionate share of one-half of the further amount.
"(3) Western Union stockholders get a preferential dividend position.*.
The present Western Union capital stock will be changed, share
for
share, into a new class A stock.
There will then be issued to Postal
308,124
stock
profit
of
follows;
as
been
until
result of
Western
liabilities
for
is
Western Union acquires
"(2)
must
long
written
are
directors
Postal
President,
position
and
"(1)
$4,162,230
$180,692
stockholders
and
not
do
to
System.
1941
plus,
from gross income
of
over
has
created as a
"Here
200,815
income
Co.—Stockholders of Com¬
Co. Asked to Approve
Telegraph
for stockholders'
was
conditional
operating
Gross
Net
it
it
52,449
;
take
Williams,
$7,311,848
facility rent deductions, Dr
equipment, net—
of
officers
to
"While
merge,
which
;___
204,661,033 187,396,195
—-
.
meeting
why they ask
31
$11,483,040
4,400,799
Operating income
Joint facility rent income__
326
31,188,436
Telegraph
$1,232,496,
revenue..:
649,674
326
25,433,698
Co., Inc., will be held Aug. 10, 1943, to act
upon
agreement for the acquisition by Western Union of the
property and
assets of Postal pursuant to the
enabling bill, passed by Congress, which
became law on March
6, last.
stronger
$30,639,650 $22,810,110
19,156,610
14,784,972
accruals
Postal
Merger Plans—
Report—
:
649,674
—
;
20,460,092
10,228,232
10,232,815
—
(deficit)
Union Telegraph
and
agreement
securities
debentures
2159.
>'
expenses
operating
to
Pccos
the
1942
Operating
30
of
Valley were de¬
1943, 97.43% of
157, p.
'*
for Years
520,730
23,210,437
an
30,
Commission
'
——
reserves——
Western
A
of
June
common
Western Maryland Ry.—Annual
Account
of
95.70%
of
—
875,039
666,507
through inc. and surplus
through inc.
and surplus
•_
pany
and
securities
bonds
At
deposited.—V.
'
of
offer.
notified
securities
stock
33,987
26,067,144
22,516,154
157, p. 2159.
pre¬
157, p. 1472.
to purchase
bonds,
mortgage
and
option
—
2,622
43,987
4,632,212
L1
——
retired
72,864
863,291
;
property
loss
and
—i
Total
$11,-
tRepresented
from
outstanding
amount
to
debt
1,975,066
2,595
-
liabilities—
credits
Sinking fund
Additions
•
239,778
——
accrued
liabilities
8,667,146
1,040,682
858,813
——
current
Deferred
Why
of
637,524
206,214
rents
Other
L„
accrued
liability
3,200,000
1942
798,451
709,925
Unmatured
5,805,751
11,862,745
Dr719,522
both years.—V.
an
purchase
right at
shares
West
of
the
first
debentures,
and
to
payable.—
payable
unpaid.—-——-
interest
Co.
90%
to
pursuant
.
balances
wages
164,933
8,952,845
3,429,682
2,610,500
$55,396,208 $57,878,601
common
shares
company
which
o4
80%
Tax
and
Interest matured
5,805,751
—
7,900
common
Light
outstanding
Net
74,019,510
—
companies
service
accounts
Funded
13,176,834
shares
granted
in
&
Texas
if
posited,
47,500,000
28,300,000
165,188
73,226,510
Miscellaneous accounts payable
437,882
depreciation of $11,616,031
tRepresented by 300,000 shares
has
purchase all
•i
Audited
'
1,479,182
for
600,000
Income
$13,190,899 $11,671,431
7,774,805
7,032,693
624,448
575,845
787,749
688,916
2,925,777
Dr726,251
shares
31,
and
28,300,000
car
437,782
—
and
SEC
West
47,500,000
par)
construction—___________
debt
6,872,533
taxes
1942
$1,395,756
and
on
Other
taxes
—
Dividends
t.
profits
revenues—
income
Interest
.___
-__•_ -__
—_
General
Federal
i
_—.
_—
Maintenance
Net
payable
State
West Texas Utilities Co.—Gets Extension—
offered
par)—-—:
($100
of
affiliated
and
3,200,000
and
—
1942.
Washington Gas Light Co. & Subs.)—
Earnings1943
6,057,773
._
.
16,871 shares of
income
called for
12,315,000
__
interest.
12 Months Ended
May 31—
Other
„
reserve
in
posited
collateral
dividends
common
Federal
stock
8,000
the
to
—V.
344,072
Valley
principal to Aug. 2,
redemption date,'by sur¬
the
of
$20,571,786 $20,571,786
—
—
receive the redemp-
redemption as of Aug. 2, 1943, a total of
trust 4'/2%
bonds, series A, due Feb. 1, 1956, at
Payment will be made at The First National Bank of
Boston, trustee, 45 Milk St., Boston, Mass.—V.
157, p. 1656.
par and
and
for
"After
The
Debt
2,651,574
($100
aid
Long-term
Traffic
Tax
Total
Trust
on
37,235
150,950
$55,396,208 $57,878,601
fTreasury stock
July
interest
1,542,551
39,520
232,905
—
Earned surplus
of
Warren Brothers Co.—To Redeem Bonds—
$395,000
'
time
157,
of
1,359,364
(net)
payable and accrued liabilities
Preferred
by
1943,
95,501
insurance.
stock
Preferred stock
Grants in
6,431.932
111,240
stock
Reserves
and
of
above-mentioned debentures may
price thereof, which includes full
redemption
life
payable to banks
ferred
Co., 45 Beaver St., New York, N. Y,
\ tion
6,688.765
—
Liabilities—
debentures, series due 1948, at 100J/2 and interest,
1, 1943, all of the outstanding preferred stock at
share.
of
Common
131,461
4,241,700
28,435,196
:
—
series
To Redeem Debentures and Preferred Stock-—
$89.65
"
value
Capital surplus
been
before
used
108,772
Unmatured
interest at 23,i%.
be
(net)
ginners and others, secured
surrender
—
1,060~404
1,097,593
2,398,959
204,661,033 187,398,195
—
Liabilities—
8,021,389
Total
which
headed
Sept. 15, 1943, of $8,000,000 4% serial debentures,
maturirig
semi-annually from Dec. 1, 1949, through June 1, 1953.
The proceeds
of
this
financing, together with other funds of the
company,
will
■*
cos._____
(net)____
hand
receivable
Total
3,001,000
affil.
to
liquidation
on
notes
Paid-in surplus
or
advances
in
and
$16,149,362 $15,751,671
bonds
1,365,773
4,190,463
_
_______
May 30, '42
18,586,298
Accounts
have
and
Miscellaneous investments
financing amount¬
including New York Trust Co.,
Guaranty Trust Co. of New York, Continental Illinois National Bank &
Co. of Chicago, Pennsylvania Co. for
Insurances on Lives and
Granting Annuities of Philadelphia and Union Trust Co. of Pittsburgh.
The bank loans will mature serially to June
1, 1949, with
Commitments
.
and
banks
banks
Trust
••
notes
etc
Prepaid expenses
The company has
completed arrangements for new
An
equipment,
Inventories
1568.
Brothers
ing to $23,000,000.
in
Deposits in
Cash
plant,
assets
Unadjusted debits
May 29, '43
"Real
Accounts
•;'
Deferred
Consolidated Balance' Sheet
1,316,590
12,851 —12,302
r151,426
152,121
2,580,785
72,758
assets
.r_-_.
•
$
300,000
agents
supplies
Interest and dividends
Rents receivable
$1.18
1941
$
6,141,448
Special deposits
Net
J.'-.
172,647,204 168,237,730
8,310,049 i: 4,519,374
_______________
Cash
$1,567,418
876,000
dividends
$695,148
Sheet, Dec. 81
Temporary cash investments—
Preferred
3,756,226
1942
Investments
413,711
3,546,263
Balance
227,388
$4,451,374
$5,799,508
General
■
150,356
237,718
,
'—
Assets—
1,683,703
$9,345,770
_____—
5,835,642
3,072,228
railway operating
Net
110,798
710,647
net credit
Available for fixed
charges—.
Total fixed charges——
$2,091,927
104,518
5,897,000
facility; rents,
172,160
$8,340,468
„
.
10,463,688
5,502,854
—
of
Net
$1,919,767
income
income
operating income
equipment, net debit
Other income, net______;^___
j____—__________
June 1, '40
$2,214,427
__
$2,094,490
1,173,885
(&
$96,799,632 $62,851,887 $47,015,116
$40,945,153
'88,026.996
59,998,335
44,144.978
38,441.738
amort.—_
685,780
639,125
588,257
583,648
Operating
Interest
1940
•
Hire
Common
railway
railway
Net ry. oper. inc.
—V. 157, p. 2159.
Net
sales
Total
From Jan. 1—
Gross
Net
-
1942
railway
railway—'—
Net. from
Net
1943
'
•-.
Cost of sales and
exp.__
Other
Earnings For May and Year to Date—
^
Wesson Oil & Snowdrift Co., Inc.
'
9 Mos. Ended—
made
'
'
Railway
Joint
$19,"
••
-
Balance
t
z
56^562
assets
Profit and
assets,'$16,002,800; ftonstrUctiori; in progress, $5,044;
obligations of Yellow Cab Co., $482,590; U. S. Treasury bonds, 2Vi$,
due 1968-63, $50,000; U. S.
Treasury tax savings-notes, $300,000; cash
•in
banks
and
on
hand, $1,990,436;
accounts .receivable
(less
$878
reserve), $24,706; material and supplies, $213,961; restricted deposits,
which
are
339
161,000 shares of
be
403,732
———-
—1
Balance
months'
and
receivable
assets
Total
subsidiary
six
1943
—;
v,
1,160,530
yearly-.:——3—-I-———
Condensed
Act.
above,
agents
dividends
Unadjusted
white, Weld & Co., and a group
including Ladenburg, Thalmann &
Co., and other investors, it was announced
July 7, purchased a block
'
'Dividends declared and paid
the
the
'
Total
—V.
and surtax.,——379,700
tax
Deferred
731,472
---
income
foreign
in
and
current
Traffic
•
$6,850,694
3,28.2.472■
foY' depreciation- arid obsolescence-Li.L_-----_-i_"Taxes, other than Federal income tax__^_^___^-——
Provision
$1.16
Other
$
898,917
from
accounts
supplies
and
Interest
$1.14
Revenue
for
not included
are
—
Bank.
~——-L—-»
Maintenance
1942
from
receiv.
1941
$
180,113.274 178,059,973
3,670,577
2,500,129
2,600,000
500,000
—
deposits
bal.
Miscellaneous
$337,414
$1.28
English subsidiary
Brazilian subsidiary
'
Net
Material
$331,746
Webster Eisenlohr, Inc.—Stock Placed
•Provision
of
$370,316
'
V;
;•
income
106,000
■—
possible
upon
'
t
-
—■
1174,000
17,000
„
Income, Year Ended Dec. 31, 1942
*—"—1
255,000
tax_____
—
31
.
—
Special
$443,414
tax
Investment
Dee.
1942
'••' "
Temporary cash investments..^
$505,746
adjustment in renegotiation of Govern¬
and other contingencies.
tRevised to give effect to
change
the net
earnings of
■May. 31, and which
''
Cash
40,206
______
capital stock
for
reserves
Property
Sheet,
/
,
:
Interest
'Expenses
•
of
,
$443,414
$642,316
•'
Gross operating revenue
S
subs.
Balance
Assets—
28,146
period
share
Note—Based
offering price and the interest ,rate of the new bonds will be
supplied by amendment and the company will invite sealed written
bids for the purchase of the securities.
All information on the public
offering of the bonds will be filed by post-effective amendment.-—
V. 157, p. 2260.
pther income
■t
for the
per
sales
the
Income
profits
1941
$437,393
subsid.
Brazilian
The
United' Electric'Rys. Co^Annual Report—
!
profit
ment
.
v
excess
'■After
first
Uight •& Traction's bonds were outstanding as of March 31, and have
,,/been guaranteed as to principal and interest by the parent firm,
-y J
;
Fed.
Net
on
Statement of
1942
*'$642,316v
—
Federal
Earnings
general
standing
series
charges
English
from
General
1943
and
_______
Estimated
principal and interest to
first mortgage gold
outstanding March. 31; to
due 1944, of which $28,119,000 were
principal and accrued interest on the series 4V2S
pay
>
received
Total
due
30-year
•bonds,
••i
from
The bank notes would be due 1944-48.
maturity
May 31—
credits
the
retirement
Life
all
received
Divs.
the
bonds,
serial
mortgage
after
Divs.
along with $3,500,000 to be obtained by
serial bonds and another $3,500,000 by
mortgage
serial
199
(The) Wayne Pump Co.—Earnings—
registration statement
a
$37,000,000
.
Net proceeds
sale
issue
CHRONICLE
the
shares
will
be
directors,
of
new
a
entitled
of $2
to
per
class
B
receive
share
stock.
dividends,
per
annum
The
holders
when
on
a
and
of
as
the
class
deeclared
non-cumulative
A
by
basis,
'
1
.♦•„■>
Monday, July 12, 1943
CHRONICLE
COMMERCIAL & FINANCIAL
THE
200
continue adequate telegraph service to every
enjoys telegraph service.
Western
Union will not attempt, to abandon trunk lines which
form
a
part of a protection network to Western Union's existing
lines,
or
which may be necessary to provide adequate margin for
growth of loads resulting from military operations, expanding war
industries or the requirements of the public generally.
.
: Western
Union will plan to discontinue various tributary
parts
of the Postal trunk system which duplicate Western Union facilities,
where the Western Union facilities have more than sufficient capacity
to handle the present and prospective business.
Tne closing of the small Postal offices and tributary facilities will
contribute to a reduction in the message loads ultimately reaching
Postal trunk circuits.
This will greatly reduce the loads handled in
the larger Postal offices, which, in turn, will make availablo operat¬
ing
personnel to handle Western Union's now greatly expanded
preferential dividend, the holders
of the class B stock will partici¬
pate equally share for share in any further dividends.
An opinion
has been received from the Commissioner of Internal Revenue to the
effect that, on the change of the present capital stock into class A
stock, no taxable gain or loss will be realized by the stockholders.
"(4) After the expiration of one year from the date of closing,
class B stock will be permitted to convert into class A stock, at the
rate of five shares of class B stock for three shares of class A stock.
"I believe that the proposed acquisition of the Postal System by
Western
Union offers advantages to all groups concerned, including
ultimate improvement of the stockholders' investment, better service
to the public and protection to the employees/
Western Union was
founded in 1851 on the basis of a principle to which we have held
since: namely, that in this country, the best telegraph service
obtainable for the public calls for a comprehensive system, under a
single business management, with uniform standards.
The acquisition
>J the class A shares have received this
\SL of the class A stock and the holders
is
Postal
the
in
the
owners,
accord with this principle, which also
employees and the pubic the benefits
operation of telegraph
prise in the
?
'■:h business.
offices
$22,000,000 as compared
of $123,000,000.
approximately
directors of Western
and
officers
"The
f.
proposed
our
The
:
;
'
•
.
*
,
interests
It
all
of
may
at
we
background
for consideration,
of operation:
theory
has
Union
Western
up
grown
on
^founded, in 1851,-there were over
United
the
'
cities
to
States.
the
another,
and in its 92
'
to pay charges on
customer had
i-!
every
volume
'
at
of
each line.
Western ,■
hamlet
In
:
present
etc.
Western
Since
- -
-
>
serves
_
.'
communities served
wasteful duplication of these lines,
practically all the
by Postal, there is obviously a very
offices and equipment.
>
<•
•
.
■ ■
Detailed
plans for consolidating
the physical properties of the
two companies must necessarily follow a comprehensive investigation
and study.
In the interest of prompt action and speedy results, we
are
now
engaged in making such an investigation, so that, if and
when the merger agreement is approved, we can undertake the con¬
solidation with
the greatest promptness and
efficiency, subject to .
the conditions prevailing at the time.
When we have finally assem¬
bled our
information, we shall be able to determine,, among other-
"
-
'
facilities can be closed down without
service, where and to what extent facilities should
be added to Western Union's plant to take over the additional load,
how
office
space
should be arranged,
and what inter-connecting
facilities between the Western Union and Postal plants are necessary,
but our decision in every case will be based primarily on the requirements of the war and the public interest.
.,
Some of the specific advantages of merger are:
(1)
The pooling of the operating, construction, maintenance and
messenger forces in the industry, so as to relieve present manpower
*
things,
where and to what extent
impairment
.
'
Union
:
of
Elimination of unnecessary
and similar locations, in
may be barely sufficient to support one office;
(3)
Elimination of
duplicate call-boxes and connecting central
office circuits,
representing a substantial part of the 166,000
boxes now maintained by Postal;
i - :; 'v:
.(4)
Elimination of duplicate telegraph equipment in patrons'
and elimination of typewriters,
adding machines, etc., in duplicate
telegraph offices and diversion of this equipment to more
purposes.
For example, some 4,000 teleprinters might be
able to the armed forces;
(5)
Elimination of unnecessary pole lines, wires and emergency
(2)
business
call-
offices
-
-
..
useful
made avail¬
power
(6)
tion
of
lines;
;
.
Elimination of unnecessary
business, which seldom, if
business
„
like to express my
before the commission.
I should
but
simply affected the
expenses such as that of solicita¬
ever, increased the total telegraph
percentage of the
available business
the other.
(7)
Savings of much critical war material, as for example, 100.000
miles of copper wire, or some 10,000 tons of copper.
Several
general
principles will govern
this consolidation of
handled by one company or
facilities.
Feb. 1 and May 1, 1943, and in each quarter during
dividend covers the period from Nov. 1, 1942, to Jan.
1942.
on
appear
157,
'
•
contingent certificates of
Winnipeg Electric Co.
The company has determined to make a pay¬
ment of 50% of the face amount of the contingent certificates out¬
standing.
Such payment will be made in lawful money of the Do¬
minion of Canada on and after Aug. 3, 1943, on presentation of the
contingent certificates at Bank of Montreal in Winnipeg, Montreal,
Toronto or Vancouver, Canada; at the agency of Bank of Montreal,
64 Wall St., New York, N. Y.; or at the Bank of Montreal, 47 ThreadLondon, England.
with the terms of the contingent certificates, the
payment on account of the face amount of any
contingent certificates shall make proper endorsement thereon of the
amount and date of such payment and the contingent certificate shall
then be returned to the bearer.—V. 157, p. 1856.
such
making
Co.—Sales Up 5%—
(F. W.) Woolworth
1943—6 Mos.—1942
$200,358,633 $184,898,133
1943—Month—1942
—$34,676,598 $33,025,386
—V. 157, p. 2260.
Period Ended June 30—
Sales
)
Inc.—Control—
World Broadcasting System,
Records, Inc., above.
See Decca
declared an initial dividend of
stock, par $5, payable July 120
record July 15.—V. 156, p. 2312,
, capital
the
on
May—
from
Net
Net
ry.
Net
ry.
—V.
6,672,133
5,361,558
2,005,533
4,061,024 " 1,049,587
6,149,774
1,770,923
707,337
466.365
249,546
11,743,979 *'
16,370,825
7,117,146
3,341,947
income—.
2160.
oper.
157, p.
$1,364,113
,
railway
from
Net
(
railway
from
Gross
$2,435,251: $1,506,966
1,000,381 v-v 525,882
713,574
325,146
987,309
income_^_
oper.
From Jan. 1—
1940
1941
1942
1943
$4,003,203
2,065,184
railway
railway
from
'
Mississippi Valley RR.—Earnings—
Yazoo &
Gross
25 cents per
to holders of
have
directors
The
share
Pittsburgh & Lake Erie
Income Account
1,
»
RR.—Annual Report—
tl942
.
operating
Railway operating
Net
railway
Other income —
;
4,553,393
205,891
71,402
$7,378,279
330,440
$7,491,014
471,012
$7,708,719
;
:
income
Miscellaneous deductions from income..
Fixed
$2,866,219
$7,962,028
;
:
Total
the commission. Western
century. It owns a good
name, and it has beveloped a fine service, known practically to every¬
in this country, and many outside of it.
Its good will has been
built up over all these ,years at the
cost of much time, effort, ana
5,318,208
$1,750,619
5,421,770
income
railway operating income^.
Income available
$8,184,428
8,645,961
Equipment rents, net Cr
Joint facility rents, net Cr
Net
$10,396,580
operations
tax accruals—
Railway operating
tl941
•
$34,144,619 $30,044,031
23,748,039 21,859,604
revenues
expenses
from
revenue
Railway
B,
for'Calendar Years
-
Railway
i
Co.—Initial Dividend—
Yates-American Machine
,, ,
"
accordance
In
banker
submitting the application to
been in business for nearly a
in
has
the bearers of
to
given
hereby
is
St., E.C.2,
needle
approved the principle
the law placed the
whether a particular
plan of merger "is in the public interest."
On behalf of the management of Western Union, I should like to say that we believe the
plan now under consideration is in the public interest and that its
approval will result in substantial benefits to the American public.
In
reaching this conclusion we are not unaware of our respon¬
Union
Contingent
Co.—To Pay 50% on
Winnipeg Electric
Notice
permissive merger legislation, Congress
of
telegraph mergers, but I also realize that
responsibility on the commission to determine
sibility
1568.
p.
Certificates-
the
■
31,
current
1943.—v.
appreciation of this oppor¬
I realize that in enacting
2,248,876
for fixed charges
1,736,76ft
$5,459,843
:
$6,225,268
93,394
77,563
$5,366,448
$6,147,703
$4,750,075
$5,181,900
charges
Net income
transferred to profit and loss.
♦Dividends
paid
-
—
one
be
extreme—it would, indeed,
to sponsor a merger
long standing reputation.
'
.
general attorney, of this com¬
very
plan
Y
Retirement of Ralph H. Overbaugh,
pany, after more than 26 years of service, was
by A. N. Wilfiams, President.
Homer Brockett of
Retirement—
was
.
succeed Mr.
appointed to
announced last week
Mount Vernon, N. Y„
Overbaugh.—V. 157, p. 2260.
Electric
Westinghouse
,
&
Mfg".
Co.—Subcontract
$173,000,000—
Company has
awarded approximately $173,000,000 worth of war
orders to subcontractors since it inaugurated its
"spread the work"
Awards Reach
year a total
One-third
for
contracts
Last
year,
of $45,000,000 in
subcontracts was awarded.
firms which received Westinghouse
these five months apDeared on the list tor the first
of
the
1,367
1,534 firms switched all or
in war production.
with Westinghouse
garage
tries
to
shire
sub¬
time.
part of their facilities to team
They ranged from large indus¬
States from New Hamp¬
repair shops in 31
to California.
one-man
subcontractors include firms with a peacetime diversity
of production, such as the Rudolph Wurlitzer Co., of North Tonawanda,
*N. Y., which converted part of its big musical instrument plant to
manufacture gun controls; the Hershey Chocolate Corp., of Hershey,
Pa., which switched part of its chocolate-making plant to building
motor parts; the Fuller Brush Co., Hartford, Conn., and the Columbia
Match Co., Mentor, Ohio, both of whom supplied small tools.—V. 157,
Westinghouse
p.
miles operated.
t232.07 miles operated.
1941, charged to accumulated surplus.
J232.65
and
would be short-sighted in the
bad management—for such a company
unless the plan would improve this
It
money.
■
stations
.
*
policy par'" W 1941, the company announced on June 30.
'-'-v. -V % A. W. Robertson, Chairman, stated that the subcontracting pro¬
gram amounted to more than $100,000,000 in 1942 alone, an increase
duplicate offices in hotels, railroad
of almost six times over 1941.
During the first five months of this
hundreds of communities in which
shortage;
the
to
tunity
'
each
machines,
:
the
Aug.
paid
The
service:
facilities;
equipment needed
fin the post-war world.'
closing,
A like amount was
19.
payable
telegraph industry
improvements expected
In
of record July
holders
to
2
dividend of $1.50 per share on account
preferred stock, no par value,
a
the $6 cumulative
on
creation- of
the
which there
permits
speedy
.
two companies operate independently their separate
requiring extensive telegraph equipmnt, including reperforator and semi-automatic appartus, carrier equipment, multiplex
apparatus, tape and page teleprinter and telegraph repeaters, office
At
Y'Y'/'
a national unified telegraph system
•*;'%:
.
be derived
transacted
step by step, to an improved telegraph
(1)
It permits the elimination of unnecessary duplicate
(2)
This makes available raw materials and
.to
strengthen Western Union's whole service;
^
(3(
It makes available also operating personnel, for
has been a considerable shortage because of the war;
(4i
It eliminates wasteful, uneconomic competition and thus
Western Union
to concentrate upon competition with . other
means
of communication;
-(5)
It establishes a sound basis upon which the
can
keep pace with the great changes and
large
,
:
summary,
inevitably lead,
will
where
was
Postal.
by
operation and the advantages to
additional business heretofore
of
the '$22,000,000
from
formed,
business
condi¬
in
not only
rights
in
only for
consolidated
from
ing
years
telegraph offices.
3,948
plants
i
•
companies in
13
labor, it is gen¬
realized
substantial
be deferred
ultimate results
addit;onal burdens
result¬
between a few
from one line
there was a railroad station, whether the
or small.
vThe acquisition of Postal constitutes a logical and progressive step
in this process.
The combined system will not have a monopoly of
the communications business but will make possible a stronger and
more
efficient
telegraph service, better able to compete with the
telephone, air mail and post-war radio developments. .
Western
Union uses over
208,000 miles of pole lines.
These are
generally located on railroad rights-of-way. Postal has something over
31,000 miles of pole lines, generally located along highways or private
rights-of-way
adjacent to the railroads.
Western Union; provides
service at 18.677 telegraph offices and 13,500 agency stations; Postal,
into
•
.
fifty small telegraph
them operated short lines
telegram had to be transferred
Most of
a
Just before it was
basis.
research
accumulations
Postal
of these companies shortly after it was
of existence it has absorbed 540 seperate telegraph
enterprises.
By making contracts with the railroads, under which
a
line
of
telegraph would be constructed for every railroad line,
Western
Union
was
able to extend this strong standardized system
acquired
Union
-
If
towns.
or
that
-
<
Arrearages— n
Dividend on Account of
directors have declared
The
of
Pension Plan
tariff.
2056.
;
„
.
To Pay
>;
objective
to meet
upwards of $500,000 per month. Obviously this
tion
cannot continue and if persisted in, must inevitably result
bankruptcy, which cannot be long deferred. -In that event,
the value of employment, but the value of the accrued pension
of
Postal employees will be at least problematical.
This plan,
carrying out the
provisions of the statute, provides not
employment with "Western Union but carries over a credit to
emplopees of pension rights under the Western Union
covering the years of service rendered to Postal. '
Finally, with reference to the security holders, while it is
that the expenses of integrating the two systems will prove
during the process of amalgamation and full results may
by war conditions, it is our confident belief that the
will prove cf real benefit.
We believe that. the
assumed will be more than offset by the operating economies
to
1568.
p.
V
in its provisions
is losing
which
prehensive system reaching
all important points,
management, with uniform standards of efficiency
." "
the interests of
at
door, at Southport, N. C.,
v.
Inc.—Definitive Bonds Ready—
Wilson & Co.,
regarding continued employment,
pension protection and the like, the statute under which this plna
has
been formulated goes further than any previous enactment of
Congress.
Employees of Postal are today working for a company
service requires a com¬
under a single
and with a fixed
that a proper telegraph
the protection of
respect to
With
erally conceded that
concerned.
parties
be helpful, by way of
briefly on the history of
greatly.
progress
once
July 19.
is receiver.—V. 157, p.
on
of track, diesel loco¬
will be sold to the highest
road, being 31.2 miles
the
cash in frdnt of Court House
Definitive first mortgage bonds, 3% series, due April 1, 1958, will be
available on July 12 for exchange against the surrender of the out¬
standing temporary bonds at the Guaranty Trust Co. of New York,
140 Broadway, New York City or, at the option of the holder, at the
office of The First National Bank of Chicago, Chicago, 111.—V. 157,
and improvement of
ultimately be installed
at
approximately 30 large relay centers, and additional-' telegraph
channels will be provided through extensive use of carrier systems.
The
company plans to expand its telemeter service and
its telefax
system for facsimile transmission of telegrams.
It is considering the
installation of a dial network which will permit direct patron-to-patron
operation on a facsimile basis.
Clearly, in the world of the future,
telegraph communications cannot stand still, and it is our belief
that the proposed merger will make it possible to accelerate telegraph
telegraph progress in America.
A telegraph company has only one product to sell, and that is service.
t; The progress of Western Union has been based upon one consistent
comment
our
RR.—Receiver's
..
has definite plans
for expansion
Reperforator switching systems will
facilities.
form,
final
its
in
but
and circuits now available between key cities.
post-war period, management, working with
$256,388
/»-
E. F. Middleton
the
of
the
For
engineers,
1943.
6,
statute,
The
conditions,
more
necessities, and. the ultimate
available to more people and
415,400
and other equipment,
estate
real
12 Noon
of the
execution
systems
"
contained a number of onerous
undertook discussions with the Postal
management, which, after protracted negotiations, resulted in the
agreement which is now before this commission for approval. There
has
also
been
filed numerous supporting exhibits, giving in con¬
siderable detail such iniormation as the commission may require, v
In
our
negotiations, we were under obligation to consider the
interests of tne public, of the employees and of the security holders,
and it is my considered judgment that the agreement now submitted
constitutes the best arrangement that could be arrived at under the
conditions imposed
and will in the long run prove for the best
law on March
•
war
1,213,000
Brunswick & Southern
assets of
entire
The
motive,
post-war era.
'/ ' ' ' *
scheduled improvements which we believe are
important to the war is dependent upon obtaining adequate priorities.
The
immediate program
will cost approximately $4,000,000, to>4 be
financed
out of
the company's current assets;
and about half of
this
amount will
be used to add greatly to the number of carrier
the subject of dis-
telegraph companies has been
of
merger
for
Telegraph System, July 7, 1943.
meet the
the telegraph
make
to
requirements
to be no
deprived of the
service
of the
Interstate Commerce Committee of the Senate, and was followed by
the introduction of an enabling bill.
Hearings were held before the
appropriate committees, and the bill was endorsed by all interested
federal agencies, including this commission, the Army and Navy and
the
respective Senate and House Committees,
and finaully became
*
■
is
cussion and investigation for many years.
There seemed
logical reason why telegraph companies should be
same privilege that was accorded to telephone and other public
corporations.
A survey was conducted under the supervision
•;
-
Williams, at hearing
Communications Commission, on plan
purchase of Postal
^
otherwise to
and
1,331,140
671,788
,U
_
share
common
per
bidder for
-
The
Statement by President A. N.
*
consequence
2,694,114
adjustment—
)
profit
Wilmington,
uneven
enabled
to
carry
out more effectively its plans for expanding and modern¬
izing its plant. The war has retarded the company's program in this
respect.
Western Union is now installing two reperforator systems
at
Dallas
and St. Louis which will
expedite the transmission of
millions of messages monthly.
It has submitted additional plans to
the
Board of War Communications and the War Production Board,
which are explained more in detail in the exhibits submitted to your
commission.
The immediate objective is to speed up telegraph service
In
$670,838
taxes,
profis
excess
1941
1942
$1,320,723
Sale—
excessive expansion
promptly."
before Federal
services which have been subjected to sudden
by the war time conditions.
of the combination Western Union will be
other public
and
are
$118,140
$127,114
$1.59
$0.73
$0.79
♦Includes provision for contingencies and estimated adjustment in
prices of war contracts, while excess profits taxes are after deducting
10 % estimated post-war refund.—V, 157, p. 264.
, 1
•
Net
Earnings
Despite all these
and
been
*2,499,700
67,300
etc.____
___
and
inc.
contingencies, etc.
Reserve for post-war
resulting
company's 92-year history.
opportunity to build a stronger
and more progressive telegraph system.
We recommend the plan to
the stockholders and urge them to support it. <•
, •
1''
.
"The proposed plan cannot be carried out unless it is approved by
the holders of not less than two-thirds of the outstanding stock.
The
undertaking is of such importance that I hope every stockholder will
vote and express approval.
I also hope you will attend the meeting,
but, whether you do or do hot, please sign and return your proxy
,
Fed.
vv'-:
.
commission well understands, the maintenance of operating
during the war has been exceedingly difficult because of
messages.
exps.,
income
Total
enormous
war
deprec.,
after
1943
$2,673,148
31—
"
difficulties, Western Union's per¬
formance
has shown a steady and marked improvement from the
first
of last August to the end of May this year,
at which time
it was very close to the normal peacetime standard.
The May report
for telegraph traffic in 76 key cities
showed that the average time
for- handling
government messages from sender to addressee was
reduced .from 40 minutes in September, 1942, to 23.6 minutes in May
of this year.
It is submitted that this record bears favorable com¬
parison with that of air mail, telephone, passenger transportation
to
I
Union regard the
Profit
military
to
land line business
step as an outstanding development in
We believe it gives Western Union an
p.
(& Sub.)--Earns.
increase in load, coupled with the loss of employees
services and other war industries.
There has al§o been
a
change in the character and concentration of the traffic
from congestion at war centers and the necessity for gviing priority
the
total
with Western Union's
157,
Quarter Ended March
standards
duplication
many localities, where two
warrants only one, Western
competing for business
are
the
As
•
preserves for
of free enter¬
In
which
"Union will have one office adequately serving the community.
More¬
over, we shall be able to make more effective war-time use of men
and material.
1
'
;
"And
not
the least important: after the integration of the two
properties has been completed and certain economies eifected, Western
Union expects to be able to make something worth while out of the
Postal annual
revenues.
Last year Postal's business amounted to
:
•
services.
present uneconomic
acquisition will eliminate the
of. services and
unnecessary waste.
"The
Vice-Presidents.
.
,
ever
of
unchanged.—V.
headquarters in San Francisco, have
Duties and headquarters of both men
2260.
>■
with
Manager,
elected
now
which
community
District
will
Union
Western
After the holders of
class B stock.
dividends may be paid on
before
12%
Condensed
Two
with
Now
T.
Vice Presidents
Whiting,
headquarters
in
Chicago,
1942
1941 ' ,
$
$
115,578,041 115,674,415
1,692,847
3,106,031
■■
,
Assets—
r
Cash
—
Special deposits !
Material
supplies.
and
....
dividends receivable.^
assets..
and
Interest
;
current
assets
Deferred
_—
debits
Unadjusted
11,450,000
129,450
4,550,000
507,185
1,548,311
2,873,712
29,417
;t 12,912
604,962
462,425
1,118,039
3^026,244
14!523
820,942
lnvestments_______„___
'——
4
Net balance receiv. from agents & conductors
Miscellaneous accounts receivable
Temporary cash
Other
in 1942
31
780,162
' 18^344:
11942
119 111
135,247,779 128,881,238
Total
Liabilities—
Common
stock
Premium
on
Long
and
Audited
accounts
payable__'_
unpaid
unpaid
liability..
matured
!
Dividends matured
Accrued
Other
tax
current
Deferred
and
loss,
31 275
9,778)793
through income & surplus
1,297,418
164,043
37,019,018
2,903 588
credits
Additions to property
balance_____—
..
43,182,500
~
285
9 801
61'665
503,244
1,424)243
177)712
'25
—____
:
liabilities..
liabilities
Unadjusted
Profit
43,182,500
285
9 801
accounts
Miscellaneous
Interest
;
debt_____________
_____
car-service balances, Cr
;
and wages payable______^_
term
Traffic
__——
capital stock
of construction
aid
in
Grants
38,694)l76
618 504
2 075 513
• 64 672
' 25'
12 266
5 612'209
1 384'851
164 229
34 232 672
2 912'705
38)549)342
Elected—
company's Northwestern District,
and Chas. A. Dostal, Pacific Coast
Manager of the
Balance Sheet, Dec.
Investments
2260.Fred
General
" <-"•
..Cvi.V
<
„
*11%
in
—V°158 p~~92~~
135,247,779 128,881,238:
@FedFRASER