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V-
BUS. ADM.
JUL 1 2 1948
UBRARV %
MONDAY
r
Reg. U. S. Pat. Office
Volume
168
Number
4715
New
York, N. Y., Monday, July 12, 1948
Price 75 Cents
Copy
a
General Corporation and Investment News
t
RAILROAD
7/ / v
VY
:•;/,/
v.
PUBLIC UTILITY
-
Y '
\
;
Y.
■
'■
Y.-y
Quarter Ended March 31—
profit
Common scares
1948
Earnings
per
present outstanding
•After
t$3,629,787
1,869,907
1,869,907
1,699,916
$1.82
$1.94
t$1.65
outstanding
share___
common
charges and Federal taxes,
shares
then
tAfter
outstanding.
tAfter
dividend
requirements
$500,000
for
reserve
on
con¬
Quarters Ended March 31—
sales
Ket
(c)
349,930
—________________
___
_
shares
1947
$3,126,424
438,017
$0.18
•Profit.
tNo provision
necessary for Federal
carry-back of 1946 loss.—V. 167, p. 645.
Addressograph-Multigraph
Period End. April 30—
income
Nil
-
due
taxes
to
Wet sales
Corp. (Incl. Canad. Subs.)
1948—9 Mos—1947
1948—12 Mos.—1947
(shipments)-- $33,097,212 $28,774,130 $43,729,194 $37,768,061
SOld__r._ 15,255,470, 12,497,687 19,472,586 16,198,112
Factory margin
misc.
$17,841,742 $16,276,443 $24,256,608 $21,569,949
1135,774
*426,343
tl22,723
♦388,793
income
income
$17,977,516 $16,702,786 $24,379,331 $21,958,742
Shipping, commissions &
branch
'
.
>.
expenses
8,213,930
7,439,319
selling, advertis.,
gen'l & admin. exps._
2,967,717
2,561,987
Provision
engineering
^Depreciation
for
?
,
430,000
:
Net
and
Federal Inc. taxes lest.)
Y.
ber,
S70.000
3,639,319
129,059
3,348,432
$3,353,068
$4,963,824
$4,069,492
131
■,
of
838,024
war
from
8,406
$3,315,044
$5.00
received
settlement
from
2,307,658
$3,773,472
$4,972,230
$4.39
the
contracts,
British
and
a
dividend
the British subsidiary in November, 1946.
received from the British
subsidiary
fEffective
1947.
-
Aug.
1947,
1,
8810
$4,068,682
$6.59
government
cash
depreciation
$5.39
in
of
August,
$188,594
tlncludes cash
of S47.178
operations and credit for scrap sales
Claim
Quarters Ended March 31—
130,000
204,830
■'
5.57*
$1,448,458
1948
1947
y..-,y..
expenses—______
(Y
:y-;, •/'
before
•/,
Other corporate
Net
'
J3ale8
Operating profit
.
/ 5,097,754
•Net
Federal taxes
;
220,225
■
$194,680
366,842
363,508
$0.77
_.
—..—
$0.54
...
166, p. 2553.
165,158"
140,OoO
.
$502,877
Quarter Ended March 31—
Orders
•Net
profit
16,621
106,332
$341,753
$502,877
78,000
2,515,527
Earnings
per
$0.88
2,512,935
outstanding
share..
common
^After charges and income taxes.
orders
pared
31,
on
1946.—V. <467, p,
2,073,513
Nil
$Loss.
March. 31, 1948,
$127,589,701
on
March
with
Wterch
Nil
;
28,713,029
$2,250,956
amounted to $173,873,499, com¬
31,
1947, and
$53,368,107
on
2357.
201,108
$0.42
undistributed
net
8 Months Ended March 31—
1948 1947
Gross operating income.™—_____
$16,901,795 $10,065,228
Oper., geophysical, geological • and
admin, exps. lease rentals,
^
5,863,654
3,826,613
2,549,690
$2,472,728
stock
($100
1950-55)
8,000,000
8,000,000
7,175,000
760,363-
7,175,000
760,363
6,135,177 '
4,964,493
value)—
par
value..—.
par
:
—
__ri—_____
*.—
' 78,000
1,174,579
1,000,000
_
$28,083,209 $24,625,163
—
/ \
; /."x ;..
:
of£$100,000 in
shafts.—V. 167,
stock
have
June 28 approved
on
from
been
500,000
macle
shares
for
1,000,000
the
the authorized
increase in
an
to
utilizing
shares.
additional
definite
No
stock.—V.
167,
2681.
American Overseas Airlines, Inc.—Servide
$0.17
This
affiliate,
of
Berlin
1
R.
•
corporation
from
Harris.
6
to
will
25
increase
round
Vice-President
trips
and
its
service
between
Increased
and
Frankfurt
weekly, beginning immediately, Harold
Manager, announced on July 2.
General
The
present increase
does
transatlantic schedules of 22
In This Issue
/
and Europe,—V.
"
167, p.
-v..//■:;"
not
'
"
,
..
in
'
^
Stock and Bond
American Power & Light
Quotations
For the
Page
New York Stock Exchange
(Stocks)
/New York Stock Exchange
New York Curb Exchange
kwh.,
168, p. 41.
Stock
...13
......—29
Detroit Stock Exchange.—.
36
37
38
Exchange
Exchange—
Curb
—38
Stock Exchange
———39
Toronto Stock Exchange—Curb Section.
41
42
Transactions New York Stock Exchange
24
•;
■
<
"
.
U.
r''-
'
'
••
:
.J'/ ] ^
S.
'
.
Co.—Weekly Input—
the System-inputs of subsidiaries
232,779,000 kwh., an increase of 14,the corresponding week of 1947.—V.
to
over
Standard Sanitary Corp.—-1947
Peak—Net
during
was
received
,
96
in
1947
After
equal
with
capitalization,
.
-36
year
pompared
33
St. Louis Stock Exchange...
San Francisco Stock Exchange—
Toronto
last
—35
Philadelphia Stock Exchange
Pittsburgh Stock Exchange...—
income
Net
$9,905,543 in 1946.
35
—
■
Sales
Last
Year
Reached
dent.
35
Los Angeles Stock Exchange..:
,
regular
the
1
All-Time Peak of $200,043,537, Compared With $123,734,095 in 1946, according to Theodore E. Mueller, Presi¬
.35
—
...——...
'■
AOA's
between
'
an
34
Cleveland Stock Exchange
6.85%,
Sales at Ail-Time
—34
Cincinnati Stock Exchange^—
amounted
or
)
weekly
July 1, 1948,
American Radiator &
Exchange..-........——_—34
Exchange
ended
company
922,000
(Bonds)
Stock
this
of
week
;/V/
'•
"affect
way
trips
'
'•
'
any
round
1358. v "'
to
amounted
to
$19,425,912,
cents
1946.
per
The
share; 'calculated
common
1947
income
net
foreign subsidiaries in the amount
the preceding year such receipts totaled
$2,490,999.
Current
A
year
assets
$15,540,529
and
pany's inventory
Dec.
on
Dec.
31, 1947,
resulting in
$26,194,927,
earlier
current
assets
net
working
is priced on
with.
working
capital
$80,784,206,
$65,243,677.
"last-in
first-out"
~
same
dividends
net
$1,580,284.
aggregated $92,120,143
net
were
capital
a
of
the
on
included
from
liabilities
compared
allowance for preferred dividends, net income
a
share on 10,043,291 common shares,
$1.90
and
of
current
$65,925,216.
liabilities
current
Part
In
of
("Lifo")
the
basis.
com¬
The
31, 1947, replacement costs for such "Lifo" inventories, it is esti¬
mated,
would be $6,000,000 higher than the values at which they were
reflected in the balance sheet. The
company has no
or,
funded
bank indebtedness
debt.'
'*
Operating income
Other income_.:_,__.^._._.'
$11,038,141
$6,238,614
$4,060,934
.126,996
164,336
108,325
—$11,165,137
for: intangible drilling and
develop, costs, deprec. deple. and
; iease$ abandoned and expired-^..
4,690,254
$6,402,950
3,145,321
2,706,187
$6,474,883
$3,257,629
$1,463,072
1,577,350
1,577,350
$2.07
788,675
Transactions New
York
Curb
Exchange
24
$4,169,259
—
Total
income
,
—
Frovs.
.
Net
income
Capital
shares
Earnings
♦Based
outstanding....
per
share—
on
1.577,350
effective May 21,
$4.10
...
shares
1946.—V.
166,
outstanding
p.
2206.
-
after
Buslines, Inc.—Plans
Split-Up of Common Stock—
*
The
company on July
mission for
authority to
2
applied
issue:
two-for-one
.
American
,
,
New
/
*$0.93
split-up-
*
^
Interstate
"
r.
Commerce
Com¬
(a) $1,500,000 of 15-year
debentures, at an interest date to be de¬
termined, which will be sold privately to institutional investors.
' ;
'
(b)
100,000
4Pf which
shares of
45,817
shares
new
will
cumulative
be
ofiered
preferrecLstock, no par value,
exchange to holders of the
in
Averages
.24
expenditures
during 1947, including those for construction
of a
new
pottery plant at Torrance, Calif., a new brass plant at
Richmond, Calif., and a new plastics plant at Monson, Mass., totaled
$10,227,000, compared with $3,665,000 in 1946. The two new California
plants, it is expected, will be completed and put into operation in the
future
while
the
plastics
plant
at
Miscellaneous Features
Monson,
Mass.,
already is
General Corporation .& Investment NewS.Cover
State and City Bond Offerings...
-—51
Bedemption Calls and Sinking Fund Notices_51
The Course of Bank Clearings
St. Louis Listed and Unlisted Securities
—43
Dividends Declared and Payable——————46
Financing and
».
to the
^
Stock and Bond
Capital
near
r
i
.
196,108
Over-the-Counter Markets
taxes,
etc.
226,672
370,037.
....
This
corporation, the only American-flag carrier operating into
Berlin, provides 12 round trips weekly between the U. S. and Frankfurt,
three pf which normally continue to Berlin.
Some weeks ago the line
added three, extra sections
weekly between the two cities.
Montreal
1946
$6,610,624
no
(payable
surplus
common
p.
$0.26
income
banks
to
preferred
cum.
plans
the 1948 quarter amounted
to $77,431 and in 1947 quarter to $35,545.
Montreal Stock
Amerada Petroleum Corp. (& Subs.)
—Earnings—
1,358,532
American Metal Products Co.—Stock Increased—-*
78,000
201,101
payable
The stockholders
$170,814
Chicago Stock Exchange
1946
32,288,816
$2,161,864
2,515,442
...
163,669
5,401,616
$28,083,209 $24,625,163
2783.
P.
$141,958
$341,753
International Cigar Machinery Co. which in
Boston
$54,669,841 $37,908,639
66,443,101
—
shares
Unfilled
1947
$70,763,379
.".
...
Common
•
1948
booked
BiUlngs
etc
ducting; cos* of U. S. Treasury tax anticipation notes
1948 and $120,000 in 1947.
HRepresented by 1,025,000
$264,911'.
; •,
Cr28,856
Earned per common share
the
>
adjs.
-
Baltimore
AUis-Chalmers Mfg. Co. (& Subs.)—Earnings-
■■ *_■—
in
—</
■
$646,931
158,264
$283,700
...
Net profit
Capital shares outstanding.
Earnings per share..
—V.
8,009
*
♦After, reserve for depreciation of $1,724,797 in 1948 and $2,543,002
1947.
^At amortized cost, approximate, market.; tAfter reserve for
amortizaticsit of. $203,665 in U94& and $21,938 in 1947/ -SAfter de¬
$136,947 ii
127,964/-
79,800.-.^ 130:423
■
■ t
?
.Y
315,788
109,805
•
income
Preferred stock dividend requirem'ts
Common dividends]
equity .in
2,194,274
$51^08
$928,470
_»>;
-
res, for postwar
5,176,423
■
$2,394,068
360,953
insurance, taxes,
Total
•
Depreciation
44,353
"31,600
Earned
1947
$3,350,611
514,802
10,877
4,050,000
$2,331,221
^
Air-Way Electric Appliance Corp. (& Subs.)—Earns.-—
1948
4,050,000
!iCommon stock,
surplus
*Los6.—V, 167, p. 1357.
Quarter Ended March 31—
449,957
6,231,329
424,110
Capital
factory
to
i.
Notes
during Novem¬
applicable
•/],
payable and accrued liabilities—---../ $2,749,788
payable on preferred stock—■
78,000
SProvislon for Federal, State and other taxes—
2,184,881
being applied to cost of sales.
are
/
807,571
3.907e
$5,692,931
y/Y
.
taxes,] etc.
taxes
its
2,619,833
tax '
LIABILITIES—
192,202
taxes__.__i.__^_:..«■ •
income
•ExcludJng
profits
excess
Accounts
$2,139,019
216,984
$848,670
income
under
Total
1946
»
$5,475,947
171,123
__
profit
income
Income
refund
8,802,221
Prepaid
(& Subs.)—Earns,
$5,946,424
royalties
Gross
Net
85,696
2,772,178'
at 'cost—..
—
44,353
Other securities/at cost.
...iw...—31,600
Stock of American' Machine As Foundry Co.:
(Bought for resale to valued employees)
19,494 common shares, at cost__:
164,104
"Property, plant and equipment-..
4,156,715
JPatents, licenses, developm't, goodwill, etc..—
1,548,993
$3,678,921
$5,775,301
Federal
1,449,475
157,934
Dividend
Sales
Other
$2,088,321
2,501,001
indebtedness..
foreign subsidiary,
Aug. 31/47
7.29
American Machine & Foundry Co.
and
of
receivable
for
ii/
1947
$2,676,502
certif.
Inventories, at cost or market, whichever,is lower
Account receivable from affiliated
company
—V. 167, p. 2462.
of sales
hand
on
",
31
1948
______
carry-back prov, of Internal Revenue Code..
retire
work¬
Goodloe H. Rogers, President, on May 20 said:
"Operations for the
if sustained without too severe or prolonged
interruption of customers' operations, indicate the possibility of a very
satisfactory annual report for the 12 months ending Aug. 31, 1948."
Cost
and
bonds &
receivable
Accounts
balance of the fiscal year,
and
banks
Treas.
'
■
'
$1,555,994
Application of
rates.
.
of sales.i...-i._;-^._
worth
200,000
117,389
.
$3,773,341
Net profit
Earnings per share.-:..-
dividend
;400,000
91,841
of Can,
on conversion
♦Includes
627,550
A 388,348
200,000 '
87,576
2,367,577
,
Net profit from op
Unrealized profit or loss
at N.
598,456
-138,237
•'
expense—]
....
s-...,-*-:--
per cent,
Total
3,386,049
299,413
•
for Federal Income taxes___L
as
in
S.
BALANCE SHEET?, MARCH
/
Investments and advances:
;
International Cigar Machinery. Co.—-..--:.—Investm't in and advances to wholly owned
$2,666,134
119,096
194,314
...
9,809,812
v
,
.
3,692,181
449,500
.
v> 37,375
100,000";
.
contingenciesdebenture dis-
Interest,
received
tU.
Notes
7 Mos. End. 12 Mos. End.
profit
-
Patents, development &
on
which
-
Mar. 31/48
sales
Rentals
.,
10,829,925
Other
1946,
of
Socket Co.—Earnings—
*
*,
Net
Net
Cost Of goods
meets,
value,
par
no
„•■■■■
962,433
Earnings—
count
stock,
common
American Forging &
Profit
Prov.
new
of the outstanding 124,965
shares of common stock will re¬
249,930 shares on a basis of two additional shares for each share
held and 100,000 shares wUl be sold at $10 a share to; the holders
of preferred stock warrants.
1946
$9,674,190
»t 171,384
962,439
Earned per share
sales
Cash
shares of
holders
ing capital.—V. 167, p. 245.
1948
$9,750,609
193,059
962,434
Nil
loss
Capital
%
CONSOLIDATED
ASSETS—
The net proceeds, estimated at $2,854,570, will be used to
outstanding loans, finance improvements and provide additional
ACF-Brill Motors Co. (& Subs.)
—^EarningsWet
MISCELLANEOUS
-
.
$2,835,398
tingencies.—V. 166, p. 1677.
Total
shared of $100 par value preferred on a
and the remainder sold to a group of under¬
writers.
$3,400,768
ceive
preferred
other
INSURANCE
10,413
basis of 4.4 shares for 1,
1940
1947
-
S'yY*
Y
Abbott Laboratories (& Subs.)
^Earnings—*
•Net
INDUSTRIAL
-
46
Edward D. Jones & Co.
46
Foreign Exchange Rates..—
300 North
Combined Condition Statement of Federal
Reserve
Condition
Statement of Member Banks of
Federal Reserve System
Auction Sales
——:
——
—
Established
,
Banks
■S-./v
,
.
45
45
V
..
Members
New York Stock
St. Louis
1871
4th St., St. Louis 2, Missouri
-
;-t: •.//././/
Exchange
Stock Exchange
Chicago Stock Exch.
New York Curb
Chicago Bd. of Trade
Exchange Associate
■
o.,/
Phone
CEntral 7600
Bell Teletype
SL 593
in
■
2
limited
during
expenditures
Capital
production.
1948
will
ance
in
1946
1947
Net sales
Selling
Profit
Other
(net)
Total
1,750,867
—
for
conting.
required
longer
Excess
9,905,543
5,656,418
25,686,972
16,553,142
15,221,088
Operating revenues
307,048
307,048
307,048
307,048
Operating expenses
10,043,291
4,017,316
4,017,316
4,017,316
21,362,608
10,043,291
12,228,778
10,896,724
Deprec.
10,043,291
$0.53
10,043,291
Other
$0.96
o
included:
depreciation
'
$0.64
Net
$2,561,943;
1947,
Other
1946
1947
•
•
$
22,966,734
Treasury short-term: securities.2
receivable (less res.: 1947, $792,460;
9,711,000
15,226,000
w—;i
:
Finished goods, work in process, raw materials
and supplies
—-Fed. taxes (1941) refund, on foreign inv. losses
21,835,£70
14,182,041
36,243,417
28,408,831
4.400.000
4.400.000
2,518,500
1,182,956
1,330,500
1,025,000
1,025,000
1946, $786,003)
;
—
—
—
7,109,166
533,341
1
1
41,233,943
34,345,251
Total
—V.
income
Federal
for
workmen's compensation
&,7l2,473
insurance
($100 par)
cumulative stock
(10,043,291 no par shares)
—i__—
surplus
Paid-in
surplus since Jan.
Earned
"21,362,608
1 153,458,210
for
Reserve
Common
Total
t, 1940
1
,w
♦After
in
$792,460
of
reserve
6,132,696
13,354,229
652,154
4,386,400
70,303,037
21,483,511
30,438,181
taxes
Reserve
636,388
4,386,400
70,303,037
21,483,511
$780,003 in 1946. ^After
1946. I After reserve of
and
1947
,
$331,135 in 1947 and $331,386 in
42 477 871 in both years.
HAfter reserve for
of
reserve
701 in
depreciation of $43,650,1946.—V. 167, p. 2246.
and $42,784,361 in
1947
(& Subs.)—Earnings
1948—12 Mos.—1947
1948—3 Mos.—1947
Period End. Mar. 31—
7,144,637
6,478,623
207,904
675,094
758,344
"$20,605
$154,688
"$291,367
$372,134;
332,000
$4,430,587
936
$4,443,414
1,262,987
$269,103
$3,180,427
608,609
<
167,
199,419
5,854
206,176
$105,264
"$521,835
$302,847
2569.
p.
expenses.
4
'
Net
•
$2,470,984
Neb
190,783
63,324
1,458,270
income
$185,186
$26,562
$1,915,321
$1,310,716
(net)-——
13,669
,2,812
f)r8&',980
Dr120,263-
income.
$198,855
$29,374
$1,826,341
$1,190,45$
oper.
ry.
income
Other
$375,969
'
oper..
oper.
Rent Income
13,000
4,161,121
_____.»
accruals—
ry.
tax
Railway
4,595,231
-
$2,262,723
952,007
fr.
rev.
1948—5 Mos.—1947
$7,968,822
$6,423,844
1948—Month—1947
$1,156,003
$794,938
780,040
705,052
revenues.
oper.
Railway
608,609
(
48,123
52,419
'$30,773
income
t
$3,092,593
._
$514,877
1,398
49,428
debs.—
A
Railway oper.
919,663
income
"$274,293
13,542
series
Railway
$4,012,256
103,964
net
17,074
$159,031
Bangor & Aroostook RR.—Earnings—
24,253
.
4,393
"$17,803
:
Period-End. May 31—
<
$3,988,003
12,827;
2,802
$495,812
19,065
charges
$3,373,591
$89,886
7,043
1,264
502
(net)—
avail
Income
mmmmm mm
mm* —
—■1 ■
—
""■ ■■■
"
-
26,031
r
'
■
shares
New
A.
not.ificatiori
was
filed with
convertible preferred stock ($50 par) and
class A common stock.
The stock is being sold by
President of the company.
F. E'berstadt & Co., Inc.,
is underwriter.
The preferred stock will be offered at $44
Oil
Sales
541.
p.
&
Refining Co.—Merger Proposed—New
Financing Contemplated—
Bendix Aviation Corp. (&
of
Earnings
.
...
stockholders
be-^sked. to ^approve. ..thfe- issuance, plo
additional 300,000 shares of tb% new convertible 'pr^'erred stock
cash, proceeds to, be added to working Capital'and 'made available
further expansion.
In connection with^ihe company's financing, *
an
for
of
the
is
will
new
Allied are expected to 'dispose., of. 100,000 .shares ;
preferred stock received by them in the merger,, making a
offering of 400,000 shares,
A. G. Becker. & Co. Inc.
as
head of
the
prospective underwriting group —V;.; 167, \
public
named
p.
also
2129.
...
.
'
...
..
before
$4,160,868 $21,163,915 $21,501,518
Subs.)—Earnings—
1948
income
Income
tax
taxes..—
tCr7,400,000
0316,247
02,307,732
$2,888,433
$1.36
*$1,020,118
Nil
_'
share.
per
"150,369
2,
reserves
$4,181,946
•
$1.97
profit
Net
1,271,439
2,769,916
adjustment—
Contingency
1946
1947
$3,843,625 t$10,577,48l
$6,951,862
taxes
Federal
■•.
tRefund due to carry-back-
"On
profits of wholly-owned subsidiary.
credits.
' fLoss.—V.
167, p.
1583.
Beneficial Industrial Loan Corp.—Transfer Agent—
stockholders * of
two
$983,998
1948—6 Mos.—1947
1948—Month—1947
$4,290,457
—
—
6 Months Ended March 31—
Allied
of
merger
_
for
~
167, p. 2570.
—V.
Net
•Ashlkftd
$1,601,589
(A. S.) Beck Shoe Corp.—June Sales Up 3.1%—
Oil. Co., Inc. into Ashhland Oil &
Refining Co. were disclosed July 9 with mailing of the call for a
special meeting of Ashland stockholders on July, 30, to vote on the
The merger. is to .be effected by.. the issuance of ^00.0'w)
proposal.
shares of new $1.20 cumulative convertible preferred stock and 357,500 i
shares of
commqn
stock, of Ashland for all the, outstanding stock
the
for
"$14,103
2462.
p.
Period End. June 30—
.
Plans
$152,768
167,
cumulative
of
Ashland
$1,216,484
232,486
income
•^Deficit.—V.
th$ SEC for .1,000
share and the common at $11.75 per share.—V. 167,
per
$1,833,390
231.801
Files
—-
Walsh,
York,
$30,638
44,747
-
..
of. 4%%
shares
James
r
$199,357
46,589
charges
Net
Co., West Haven, iConn.
Rubber
'
1
fxd.
for
charges
Fixed
With SEC—
total
American Water Works Co., Inc.
$7,732,780
1,610,146
income—
^Deficit.—V.
167, p. 2358.
9,407,833
12,340,698
liabilities
payable and accrued
$7,528,363
_
Preferred Stock
*
13,354,752
81,263,486
$1,972,737
income
j
153,458,210 133.712,473
—.—
—
LIABILITIES—
Accounts
13,327,904
79,510,225
-
2,000
and equipment
plant,
3,360,933
20,696,316
$1,923,484
1,771,157
income
on
Net
_.
iiProperty,
7%
7,109,166
———
subsidiaries—
charges
'
stocks for the period—
On June 30 a letter of
746,619
subs
Swiss
and
^Austrian, German, and Italian
Deferred
Int.
$4,320,003
343,167
Balance
3,121,882
Swedish,
Dutch,
French,
English,
1948—4 Mos.—1947
3,367,819
'172,932
Fxed
1,063,126
3,121,882
subsidiaries
Canadian and Mexican
stock.—V/ 167,
capital
20,244.340
passengers
Gross
"
$373*070
of
Co.- The
Midvale
.
.$313,775
applicable to pfd.
Company's
1948—Month—1947
miles
Taxes
109,193
reservations
Miscellaneous
Divs.
the
from
Co.—Earnings—
Operating expenses
$422,973
—
received
Midvale
Operating revenues
$2,571,818
income
$0.34
;
$191,713
of
63.9'Jo
Non-operating
"
$4,-773,754*
'
28,750
594
1
income
Armstrong
consolidated—
Heating and Plumbing Finance Corp. (at cost)
Patents
Net
not
tBelgian,
Revenue
1948—12 Mos.—1947
$400,884
\
$422,379
income(net)
and other deducts..
Int.
•Accounts
refunds..
$450,379
income
of
Baltimore Transit
lease
23,000
Gross
$
24,330,456
investments
in subsidiaries
revenues..
of plant
oper.
for
1,875,553
share
Period End. Apr. 30—
1946,
31
DEC.
ASSETS—
Investments
124,240
Operating
SHEET,
BALANCE
dividends
owns
$670,190
:
outstanding—
common
1690.
p.
..
$1,472,798 $20,094,106 $16,901,284
735,412
10,495.933
8,797,982
147,174
1,944,352
1,656,378
116,686
1,447,944
1,178,578
72,642
1,432,123
I 940,363
132,655
approp.
reserve
(net)
$3,867,757; 1944, $3,492,976.
CONSOLIDATED
tax
per
Revenue
Earnings—
Co.
186,919
taxes
1
shares
"Includes
425,000
>_
2358.
p.
$1,725,778
831,585-
taxes
Rent
of Spanish subsidiary.
♦Including $1,260,108 profit on< sale
Other Federal
20^,^*4
20,778
profit
83,776
"7,752
1948—Month—1947
Period End. Apr. 30—
30,438,181
shares
outstdg.__ v 10,043,291
per
com.
share
v; $1.90
Sundry
1945
.
1948
$29,488,374
1,115,968
Operating
40,788,520
NOTE—Provision, for
"Net
""" i \
2 Ait.440 . ;2^3fi.5oq
' 270,386',
584,747
bi,a43
2c>'<,oo2
-
687,285 '
26j,o50
deficit.—V. 167,
•Corrected
Federal
S,
—
Arkansas Power & Light
pfd. stock
dividends paid
$2,903,723; 1945,
3,512.451
658,450
„•
31,
MARCH
-
Earnings
$450,047 ^.$559,203
20,181
154,453
~ 54T.683
79,233" "*
income
3,552,651
Balance at end of year
U.
railway
oper.
___—
paid on
Common
$655,904.
133,586
.
railway--
from
from
for
Total
Com.
oper. income.—
From Jan. 1—
1946
ENDED
taxes
Common
8,489,353
investments—
foreign
Earns,
Net ry.
ry.
1947
$740,501
166,816
railway
railway
from
Net
6,731,735
10,896,724
Income
-
1948'
.
from
Gross
Net
21,362,608 (r 12,228,778
year
res.
.
QUARTER
deductions
Other
"* ■
THE
—^
Income
company
RR.—Earnings—
Ann Arbor
May—
Net
19,425,912
of
begin,
Restoration of
at
,ji'.■>-,••• *=*'
.•<»?
Total
.
Gross
Cr400,000
______
income
Net
DiVs.
750,000
14,208,200
misc.
investments
Bal.
21,689,935
Cr812,273
——-
-J1*
a y>
FOR
SiS
Sales
convert their preferred stock Into common
stock may do so on or before July 20 at a conversion price of $22 pershare for the common and $50 per share for the preferred.
Certificates
may be forwarded for conversion either to The First National Bank of
Chicago or to the Guaranty Trust Co. of New York, 140 Broadway, •?
New York, N. Y.—V. 167, p. 2785.
*
'
'
'
no
—
for
res.
I i.
Chicago
19,691,859
*1,998,076
13,027,318
7,120,900
contingencies.
for
^serve
11,011,170
250,000
10,604,900
inc. taxes
for Fed.
12,575,170
3,881,900
30,030,812
income
Prov.
Prov.
dividends of 18 cents per share.' Payment
Nations,! Bank of Chicago, 38 South Dearborn
accrued
plus
EARNINGS
Shareholders desiring1 to
1944 ^
10,804,871
2,222,447
9,746,830
2,828.340
28,279,945
———«-
income
St
YEARS
1945
11,121,535
13,117,708
16,920,530
admin. exps..
&
CALENDAR
'f..';*
.
outstanding
will be made at The First
200,043,537 123,734,095 120,Q01,954 138,880,017
154,843,062 100,869,557
98,075,548 108,182,988
-
sales
of
Cost
FOR
ACCOUNT
INCOME
CONSOLIDATED
share,
per
v
progress.
Baldwin Locomotive Works—Earnings—
(Incl. wholiy-ovmed" subsidiaries^ y-
shares of 4Vi»% cumulative convertible pre¬
ferred stock haVe been called for redemption on July 31, next, at $51.75
more
the
of
All
productive and economical use. The bal¬
of capital expenditures will be used to complete construction now
facilities into
-■xisting
C^rp^GaUs Preferred Stocky *
Andcrson-Prichard < Oil
approach
$10,000,000, the major portion of which will be used primarily to bring
Monday, July .12,'1948
FIl^CIAIi^CSROfnGEE^;.
COMMERCIAL. &
THE
(146)
National Bank of the City of New York has been aptransfer agent ol the cumulative preferred $4 dividend series
stock, no par value.-
Chase
The
po
nted
oi
1948
.
CONSOLIDATED
INCOME
ACCOUNT
Earnings of Subsid. Cos.:
i*.
2,211,373
416,228
1,974,710
8,531,132
403,307
1,425,982
7,721,933
1,525,914
(Including
337,985
323,432
1,334,388
1,285,128
Operating
Operation
—
'.~~i
Maintenance
retirements;,,——
Amort,
of
Oper.
acquis.
plant
adjustments
326,977
'
Other
730,156
788,140
taxes
109,209
107,273
1,600,231
3,007,529
26,792
343,269
26,896
,—
income taxes...
Federal
results
1948--3 Mos.—1947
-
1,558,143
2,796,640
change
Operating
$1,694,521
income
932,716
Preferred
3,626,261
1,170,587
3,667,740
1,171,924
913,312
293,985
_:
dividends..
292,647
693,527
519,360
2,525,232
1,963,9*72
741,323
3,711,206
2,808,393
1,917,433
947,417
3,928,931
3,464,271
215,739
219,159
873,216
705,023
of
Amort,
50.000
50 000
311,992
113,375
113,375
453,500
$272,528
$0.10
$331,215
$0.12
$2,217,647
$0.82
Other
of
amort,
and
debt
expense
♦Earns,
per
income-
share-
com.
.
$2,071,561
- $0.76 •
Inc.
Sept.
(effective acquisition date of subsidiaries)
1947
1,
which
amounts
600,644 "
tExclusive
are
expenses
are
now
estimated.
200,000
50,000 >
Earned
2,123,2561,866,875
-569,-774
directors
this
Balance
companies.—
$107,000
1948 and
for
$6,443,262
$5,806,085;
total,
735,701
.
2,889.254
'
$1,236,461
——_
dividends
"Including
$5,702,444
103,641.
.
decided
have
the
and
—:
.
at
the Okmulgee
The
the
letter,
time
is
1947
signed
ripe,
group
started
tion
of
the
headed by M. K. McMullin, had
Pennsylvania's business corpora¬
force the company In the event
to buy stock held by members of this group at "a fair
the
Net
ferred,
holders
wholly
plus
of
one
share of
the
$12.50
par
common
for
,«•
t$105,406
V
.
?
<
expense
$367,547
each
stock
$22,850,000;
Federal
income taxes.
(incl. accrued Interest. $484,379), $3,006,--
obligations
of
a
wholly-owned
$282,000;
(unearned
income
in
stock
capital
of
series
1946
discount,
subsidiaries,
of
shares
(100,000
profit
(net)—
Gross
profit
for
before
income
interest
Terminal
The
Co.
Santiago
'
24,065
v2
8,918
and
assets
deducting
the
would
share
par common stock; present
receive one share of the
held.—V. 167, p. 1917.
$1
new
common
common
$1,C86 ,'
the
NOTE—Since
have
mission,
New
no
operating differential
determined
by
the
Cuba
Mail
the
amount
of
in
the results
subsidy
United
the Operating Differential
2&
included
1918.
been
under
York
estimate
been
p.
not
reserve
called
been
6V2'"/?
mortgage
at
the
office
special
liabilities
included
are
at
the
total,
U.
•
S.
for
doubtful notes.—V.
167,
'
2786.
p.
Machine Go.~Redemptioh-t--» v x
for redemption
50.
p.
,.
on
Oct. 1, next,
$67,000 (Of
bonds
of The
15th
trustee,
166,
88,236'
at par and interest.
Payment will be
Pennsylvania Co. for Banking and Trusts,
and
.1
Chestnut
-
Streets.,
-
Philadelphia,
.
.
Pa.—V.
!
•
17,843s
$326,13^
Net
loss after
-
Subsidy Agreement
"Not
penses
"
of
B-50
the
,
,
1948
1947
$2,402,795
34,615
:
military and commercial orders Mar. 31
including other Income of $43,798.':
t64,723
240,611,266 212,226,174
Cost of sales and other
ex¬
for the quarter was $19,381,345.
Sales consisted principally
Superfortresses and C-97 Stratofreighters.
tlncludes non-re¬
curring
of
charges——:
.
"$19,302,932
—
Unfilled
rates for 1947 and
Maritime. Com¬
with the
subsidiary),
of
receive has
of operations for 1947 and 1948.—V. 167,
Boeing Airplane Co.—Earnings—
Quarters Ended March 31—
Sales
States
(a
wholly' owned
subsidy the company will
Steamship
have
There
♦Including overhead and depreciation. WLosS, ■ ^Representing yprin-4,
cipally profit "from disposition' of 'capital assets (non-recurring).
1948
in¬
$3.25
$10,000,000;
2,383,100 shares), $23,-'
equivalents at March 31, 1948. The net assets aggregate $1,890,includp «;157.810 cash, and $1,759,643 Instalment, notes receiv¬
after
first
'
Net profit
stock
value),
"
6,670'
$432,216
$34,869
2
of
minority
preferred
par
(outstanding,
without per value
.
income taxes—2
taxes.
in' "profit
no
and
able
made
Provision
of
stock
152
$425,546
*'
i"»'<•.
Minority
$1,688,847;
$12,522;
25,695
t$71,531
106,400
taxes.—
—>1.
etc.),
paid-in surplus, $1,185,750; earned surplus, $19,848,069;
dollar
"$4^1,2411
19,157
-
,
$130,624,425.
83,by4
2—_"_f$o2,374"' "
-
cost,..
payable,
pa^nble
accounts
NOTE—Canadian
53,0j2
Corp.—at
831.000;
5,505,767
merger,
approved merger and recapitalization plan, Glass Products,
owned subsidiary would be merged into the parent
company.
Also, holders of the present 5%
$25 par cumulative pre¬
ferred would receive one share of the new 6%
$230 cumulative pre¬
new
L*
-
operating profit before income
tOther
'
Under the
a
.—
revenue.
(net)
income
Interest
A. S. Crandon, President, added that "when
directors will again give consideration to the
value."
Inc.,
income
Gross
by
the
opposing
merger
operating
Credit
carrier operating property, at co*t (less reserve
$2,547,959), $3,085,146; carrier materials and sup-
Bethlehem Foundry &
appraisal proceedings under
If successful, they could
law.
Net
Business
common
$5,873,314
plant."
problems involved in the plan of merger."
Mr. Crandon said since the
special meeting directors had received more accurate estimates of the?
cost
of reconditioning the plant at Okmulgee, Okla., as well as the
additional cost of expanding this plant in order to serve the western'
and southwestern markets during the present strong demand.
The
capital
dividend
by the stockholders at a special
Other
American
$581,577;
of $7>
notes
estate, at cost (less reserve for depreciation, *$20,217),
and fixtures, at cost (less reserve for depreciation,
purchase-money
terest
Subs.)
1948
$5,336,456
5,441,862
—_j._
revenue
"Operating
meeting April 28.
This "temporary abandonment" of the plan was decided upon, the
directors explained in a letter to stockholders, because of "the probable
large cash expenditure which would be required to satisfy the claims
of shareholders objecting to the merger, and because of the amount
of cash which will be
required to complete the company's program
"
-
'
expenses
Operating
merger
of
doubtful
accounts receivable
(incl.
investment—26,288 shares
$130,624,425.
$2,981,972).
1947, respectively.—V. 166, p. 2657.
3 Months Ended March 31—
"not be wise to consummate"
plan which was approved
it would
capitalization
for
(secured by approximately 69% of
subsidiary, having net assets of
emplovees'
thrift
accounts
(incl.
employees' T
pension plan, $661,195),'$4,052,434; 2y2% debentures, due May 1, 1961, '
$20,000,000; 2%%
promissory notes, due April 1, 1967, $20,000,000; ~
$2,799,528.
General Public Utilities Corp., parent,
$26,750 in the 12 months ending March 31,
Atlantic Gulf & West Indies Steamship Lines (&
B
LIABILITIES—Loans
$3,867,323;
from
and
reserve
at cost. $294,757; unamortized debt discount and expense and *
other deferred charges, $757,778; franchises and other assets, $190,949;
.3,006,557
$3,554,008
$1,081,040
$0.73
1948
obligations,
S. Government
(after
31,
$816,561;
depreciation,
480;
J
U.
MARCH
plies,
4
_
720,529
co
—
600,000
2,000,110 *
furniture
$96,063;
$6^00,593
142,669
.
class
real
$749,154;
3,584,943
-
receivable
notes
stock
deferred
the
time
2,765,638
*
$1,808,275
8,466
27,033
$1,956,990
deductions
parent companies.
subsidiary
683,943
$1,816,741
$1,929,957
inc.
&
taxes
of
Expenses,
Window Glass Co.—Merger Postponed—
American
The
in
$30,089
$9,287,387
$9,066,231
$2,492,218
622,678 ';"
cos.
$0.62
SHEET,
$111,624,845;
other notes and
due
from
employees),
$247,748;
369.260),
61,500
44,619-
5
2,383,100
$0.70
BALANCE
ASSETS—rCosh, $12,179,847;
$9,225,887
$9,021,612
14,1391^,
$2,552,634
of subs.
2,383,100
shares
$1,456,621
81,251
714,930
share
per
$1,553,159
81,252
714,930
'2,131,314
2,791,100
$2,478,079
11,700
:__
company,
investment
company's
§Aoplicatle to
167, p. 1798.
(net)
Balance
paid by the
12 months ended March 31, 1948
preferred dividends to
and
interest
of
$2,540,934
Balance
and
included in the expenses of the subsidiaries,
1947 and the
respectively)
1947,
and
-
244,626
1,038,965 {
1,090,370
.
$1,767,856
'
CONSOLIDATED
"Other income of co.
prior to Sept. 1, 1947, were paid by a subsidiary.
($25,270, $50,923 and $92,650 for the three months
March 31,
ended
certain salaries
exclude
estimates
Such
at
£
888,300
-
$749,050);
on
company
V.
873,000
<
income
deduc.
331,764
1,222,315
taxes
^
common
common
2,704,472 shares of common stock.
fExpenses and taxes
American Water Works Co., Inc., applicable to periods prior to
•Based
of
(incl.
income
income
Gross
tConsol.lnet
The
taxes.
<
453,500
Exps. and taxes
Int.
Operating
317,380
*42,311
income
dividends
instalment
66,925
$2,740,210
dividend—
preferred
Common
No.
State ' income)..
81,917
21,240
$2,975,293
2
—
for. Federal
income
Net
Cumul.
& losses
exps.
$2,718,970
15,329
$3,442,483
charges
Provision
Inc.:
Co.,
of
eqp.
Other-' taxes
$2,959,964
14,342
income
Income
extraord.
income
Fed.
$2,842,441
$2,983,139
$511,515
$467,C'20
income
tExps., taxes and int. of
American Water Wks.
:
plant
adjustm'ts-^
acquis,
war
§Net
&
util.
of
$3,428,141
income
operating
income
of
deprec.
plant
prop.,
Amort,
(net)
> tions
for
Prov.
$7,639,289
$7,822,803
$1,717,474
deduc-
other
and
Int.
5,467,810
15,674,443
934,284
Maintenance
t Income deductions:
19,906,446
4,402,862
Gross
(net)
power
Net
Other
5,539,929
1946
$8,186,780
6,381,00)
expenses
1948r-12 Mos.—1947
-
cos.:
Operating
expenses—
-Elec.. purch.
& inter¬
1947
$9,340,969
5,963,434
income
Operating
1948
$9,391,575
Operating
companies.)
$12,465,490 $10,816,278 $45,086,999 $37,890,177 '
revenues
of subs,
exp.
3 Months Ended March 31—
Co., (& Subs.)—Earnings—
operation's of Philippine subsidiary
of
Period End. March 31—
depreciation
for
and
-Associated Electric
revenues
Operating
Provis.
$5,519,140 $23,829,338 $22,636,256
$5,802,120
income of $650,253 received in dividends from Boeing Aircraft"
Ltd.. a subsidiary, which has discontinued operation since
and a tax credit of $150.000.—V. 167, p. 2130.
/
v>
Canada,
war,
A
Volume 168-
Number 4715
THE
-
Bohn Aluminum & Brass Corp.
(&
Subs.)
'
Quarters Ended; March 31—
Profit
before
Federal
Federal income
'
income
'
"
1
■1
1
:_
1947
;
;
Net, profit-
$3,389
Capital shares outstanding
Earnings per share
—V.
'
167,
.
Booth Fisheries
CONSOLIDATED
EARNINGS
;•
—i-.
.,$1.04
,
..
claims, and other
•
.
155),
THE
WEEKS
12
1948
27,
*
ENDED
$73,151
$0.20
;
"On
the 345,000
Federal .and State
and
ducting
1948
$3.60
1947
t$2.35
roll
credit
and
estimated
balances
S.
for
<
Trucf
depreciation
local
of
state
of
and
commissions;
retirement trust con¬
officers,
taxes
and
(after
preferred
rid
a
compensation
stock
of
885
without
par
shares
preferred
"Cost
insurance, $181,338;
value
(issued 40,000
held
pending
of
Net
income
'Bus^^^]mtot.vGa.51-Tenders
The
CHy
:
-Bank
Farmers
•
Trust
$276,605
"Expenses.
$165,593
41,629
available in
■
the
sinking.vf>und). at
;
tthSL&i
.
$240,922
52,763
41,386
v
-
COMPARATIVE
prices
EARNINGS
FOR
"
'h .Net inc.
rues hip.
Realized net
gains
(so.of
on
investments-
unrealized
P
'"88,905
$199,536
*
464,133
investments,
•,*1,678,979-'
"Realized net losses
investments,
on
1947,
•;
2,142,741 ••1
and
maintenance
revenue
expenses.
$4,256,462
1,907,983
_
—___
Balance
^1.-,.
'
Real
__
103,139
187,619
135,244
$1,107,878
159,579
618,026
388,444
269,397
227,212
%132,000
1,854,400
757,800
86,652
185,220
134,820
43T86
15,710
13,032
income$3,359,455
$2,912,259
$1,249,123
905,472
905,472
755,472
$305,095
755,472
$3.56
$3.07
$1.48
.
Jan.
estate
taxes
Net
uhded. debt__^_^__
for
Depreciation
bad
381,449
'
30,000
-
debtsri.
Provision: for Federal; taxes
1948
1947
$12,588,682 $10,200,724
899,489
834,017
___^
!
April 4, 1948, amounted to $15,550,607,
with $9,080,704 in the
previous year.—-V. 167, p. 2570.
on
Quarters Ended March 31—
30,000
$312,521
425,000
125,000
$657,459
$677,804
65^,. preferred stock dividends.
Common stock dividends
450.000
300.000
$1.51
"$0.42
split-up
SHEET,
in
October,
MARCH 31,
•
:
..
Net
after
Federal
Net
value- of
refund
Tfe
of
"Afler
preferred
on
April
on
renegotiation
insurance,
$20,884;
payments,
notes
$33,118;
receivable
cash
surrender
4.
•
.
(officers
and
em-
$995,737
254.897
161,859
97,000
61,000
293,000
$100,859
518,460
$124,826
544,371
$157,897
518,460
80.29
"$0.26
"$0.15
"$0.20
79,00v0
'
,
dividend
requirements.
LIABILITIES—Accounts payable
(trade),
$547,257;
accrued
payrolls,
$253,595; employees' savings bond purchases and
withholding tax, $91.-,
568;- miscellaneous accrued taxes; $69,449; reserve for Federal
taxes on
Income (less $1,190,000 U: s.
tax-notes, at cost), $451,939; reserves-for
contingencies, $50,000; reserves for inventory valuation, $100,000;
capi¬
stock
(of
$5
par
value),
Braniff Airways,
$2,250,000;
2658.
p.
earned
surplus,
reserve, for
Inc.—Earnings—
b
1948
revenues
Loss
after
Tax
credit
1947
$2,474,068
charges, incl. depreciation
$2,2fi3.96o
510,209
adjustment.'
617.930
•
•
______
Net
loss
72,000
$510,709
Capital
shares outstanding
165, p. 806.
—V.
The
1,000,000
1
$S4^.930
1,000,000
Brazilian Traction, Light & Power
Co., Ltd.—Earns.—
Month
subsidiaries
of
operating
public
utility services
April—
Estimated
operation
:depr^ciation; ,$3,091,119),' $6,372,154;
steam
and
capital
net
depreciation,
other charges—__
$7,635,245
5,954,185
revenue
5,477,989
$2,164,295
$2,157,256
Jan. 1 to April 30—
Aggregate
net
"
revenue
8
NOTE—The
operating results as
average rates of exchange.—V.
167,
shown
in
426,368
dollars
;;
7,748,244
taken
are
at
2786.
p.
other
movable
Co., $181,079; maintenance and
operating
less, $140,990; prepaid insurance and other
or
voting trust
168, p. 43.
-v.
On
nominal-value, $1; total, $19,251,721.
LIABILITIES^First mortgage 4(7 50-year gold bonds
to
due
1952
Dec.
unpresented
for Federal taxes
-cobpohtev "$231,685;
accrued
on
taxes,
$99,883;
provision
income, $576,543; provision for storage withdrawal
expenses, advance storage billings and
rentals, $51,680; general reserve
for obsolescence of
properties and facilities, $800,000; reserve for con¬
tingencies,
$26,500;
$406,876;-provision
common
stock
V.
167,
1691.
p.
for
injuries, damages and other claims,
par), $518,460; capital surplus, $5,529,637;
30, 1937), $2,331,723; total, $19,251,721.—
($1
April
Canadian Eagle Oil Co., Ltd.—Stock Offpred—
It
was
issue-a-
•
announced
25
of
in
London
that
the
directors
ifurther"!v6;491,250«ordinary shares;
authorized
and
shlFings
unissued .-capital
.
share.
per
The
stock
shares
of
without
the
offered
are
the
every
shares
new.
in
the
proportion
two* shares.of either
decided
value,
of
Poultry,
Bridgeport Brass Co.—Acquires Plant from Gov't
July
1,
1948,
seven
years and
two,months
after
the
ground
was
broken for the'$17,000,000 brass
plant at Indianapolis, Ind., this com¬
pany formally acquired the title from the War
Assets Administration.
The plant built during; the:
the
of
nation's
matt" of the
war
brass' facilities
was
made
planned
in
by Herman W.
board, showed that industry's capacity
based
1940
when
studies
London,
one
Subsoription i#arratttSs<wfll be issued only to
existing shareholders
in-respect. of;. coup.ohjS Nos. 16 and 15 detached from
share warrants
,'.of,r.paL'ti(ttpa.tittjg!Yp?eference and ordinary shares, respectively,
The said.v
coqpem^ • Mh; be. destroyed and no coupons bearing these
numbers will be used: for the payment of any dividend or other
Stelnkraus-, Chair-
was
only about 65%,
upon minimum requirements of the
2,000,000-man army.
The plant,
originally designed to make".cartridge cases, now has been
re-tooled so that it has become the
western.outlet for a complete line
of mill.
products^., "sheet, rod, tube and other brass
items," for the
company.—V. 167, p. 2359.
Purpose.
on
Brown-Forman
In
view
tribution
record
of
two
each
quote
V.
of
fact
that
27,
1948,
the
shares
share
of
this
167,
thq
July
on
at
Distillers
close
of
of
$10
issue
"ex"
-
2682.
p.
to
4%
on
July
7,. 1943,
cumulative
junior
at
Louisville.
preferred
Ky-.,
sto
k, for
held, the New York Curb Exchange will
the distribution on
Thursday, July 29, 1948.—
"l'
1"
In .order
-•taxes
890,000
1,165,000
reserve
acknowledgment
Net
profit
per
1,630.000
"Based
to
on
$1,335,208
com.
$1,743,351
$1,005,553
$2.56
*$441,127
$3.38
$1.95
$0.89
share
the number of shares then
two-for-one
split-up in 1946.
close
date
of
will
coupons
business
not
be
con-
'
will
be
subscription warrants
v-
Authorization
the
Sterling
appropriate
a
resident
any
of
of
Sterling
Total
expenses
the
accounts,
the
Bank
sale
of
to
a
which
he
portion
to subscribe for
the
of
in
the
the
of
is
shares
new
sale
Area
England.
shareholders
the
The
Sterling
of
for
for
such
*
.
to
rights
to
155, p.
outside
BALANCE
provide
Carman & Co., Inc.
outstanding after giving effect
(&
"Based
on
com.
share, after pfd.
346,628 shares of
standing.—V.. 166,
dividends^
'
\7;i
...
be
,
construction notes payable to the First National Bank
of Boston.—
168, p. 43.
KC.-
Central RR. of New Jersey—Interest
Payment—
Pursuant
Order
to
of
the
U.
District
S.
Court
for
the
New
District
to
be
and
4%
dealt
contracts
and
in
made
subsequent
5%
Aug.
1948;
2,
that
the
bonds
shall
coupons.
payable
168, p. 43.
at
the
New
York
Central Soya Co., Inc. (&
Trust
Co.,
New
York,
N.
Y.—
Subs.)—Earnings—
Period Ended May 31, 1948—
3 Months
sales
9 Months
$27,244,353 $74,022,235
24,432,567< 65,867,81611
soW^l-
$2,811,786
Operating
continue;
"flatJ' and to be a delivery in settlement of
Exchange
beginning Aug. 2, 1948, must carry the July
1, 1940,
Interest
V.
expeniesj
$8,154,419
1,219,432
1947
$94,041
$0.-24
bond
Federal
Net
for
and
sundry.
State taxes
on
the
per
for
nine
for
share
the
months
the
after
provision
that
fiscal
for
date.
year
a
$2,810,596
$1.40
ended -May 31,
ended
previous
254,546
1,712,364
$925,792
of Profit and Loss shows
quarter
88,316
578,246
$4.26
>.
income
profit to surplus---^..
profit per share (660,000 shares)—
Telegraph Co.—Places Deben¬
July 1,
&
"The above, statement
share
has sold through.
Kidder, Peabody & Co., $4,000,000 of
premium
______
"Net
per
now
3,376,913
$4,777,506
funds
1948,
A
would
reserve
a
net
profit of $1.40
and'$4.26 per
reconstructed
show
share"
comparable
approximately $3.31
for
general contingencies of
per
share, and
would- show
approximately
$7.IF per
share
the. comparable nine months period after provision for a
reserve
$0.79
for
.
for
general contingencies o! $1.74 per share.—V.
166, p. 1576.
T*' ' """
REctor 2-9570.' Herbert D. Seiberj;', Editor and
(Publisher;
S.
La Salle
[every Thursday
(general
news
and
advertising issue)
with
a
St.,. Chicago 3, 111. (Telephone State
statistical
issue
on
Monday).
Other
0613); 1- Drapers' Gardens, London,
as
E.
second-class matter February 25,
C., England, c/o Edwards' & Smith.
Copyright 1948 by William B. Dana Company.
1942, at the post office at New
Reentered
York, N. Y,, under the Act of Mnroh
Americam Union. $35.00 uer
1879.
Subscriptions irr- United States, U. S. Possessions, Territories and Members of
vear: ,in
PanDomihioh; uf Canada. $38.0(1 per year; " dther Countries, $42.00 per year.
NOTE: On account of the
fluctuations in the rates ot
exchange, remittance for foreign subscriptions and advertisements
must he made In New YorK fUndk.
The
Commercial and
William
offices:
Dana
135
Financial Chronicle (Reg. U, a
President; William D. Riggs,
Seibert,
Patent
Office) William
Business
Manager.
B.
Datta
Published
Company,
twice
a
■
Publishers, .25 park »Placer New York 8, ;N. T„
week
of
Jfersey, dated June 14,
1948, payment of interest of 4%
and
respectively; will be made beginning Aug. 2, 1948, on surrender
of the coupons
due.J.uiy l, 1939, and Jan. 1, 1940, from the
100-year
4f/e and 5% general mortgage gold
bonds, due 1987; and that said
payments on registered bonds wifl be made to holders of
record at
the close bf business on
July-16, 1948.
.........
i
The New York Stock
Exchange directed that the bonds be quoted
5%,
Prov,.
$0.14
was announced
1,
(at cost,
outstanding short-
term
V.
out¬
company
1948
-80,993" i".
$239,290
Central Maine Power Co.—Registers Bonds—
quarter
turesPTiyateli^The
146,832
i;
The company oil JUly 1 filed a
registration statement with the SEC
covering $5,000,000 first and general mortgage
bonds, series Q, due
1978.
The names of tHe underwriters will be
determined, by com¬
petitive bidding.
Proceeds will, be used to reduce
for
&
31,
H
74,636
21,038
$1,592,354
.the
$62,343- '>
$2.50 par value common stock
'
$217,531
1305.
p. 2555.
Carolina Telephone
MARCH
1946
,
>$562,788
103,159
17,372
122,656
66,931
in
and
notes
for
1943
charges and taxes/,-—7__—-II
per
66,755
;
per¬
Subs.)—Earnings—
3 Months Ended March 31—
Net profit after,
SHEET,
of
for
LIABILITIES—Taxes payable and accrued,
$672,090; accounts pay¬
able, $1,444; trust deed note payable to the Connecticut
Mutual Life
Co. of Hartford,..
Conn., $770,000; deferred rental income,
$36,664; reserve for contingencies, $175,000;
stated capital (292,815
shares) $5,775,300; capital stock
assessments, $234,252; surplus (in¬
cluding $400,000 arising from revaluation of
land), $550,923; total,
$8,215,673.—V. 167; p. 2555.
■Cost.Of goods
the
hand
on
shares
be put up
2682.
Insurance
by
normally
stock.—
banks, $74,170; accounts receivable,
plus accrued interest), $483,746;
other U. S. Government
obligations (at cost, plus accrued
interest),
$401,729; cash surrender value "of life insurance
policies, $121,501;
Bilcmore Hotel property (after reserve for
depreciation of $6,550,214);
$6,754,257; deferred charges, $167,775; total, $8,215,673.
Kingdom
subscribe
-
$230,999
ASSETS—Cash
of
will
156,249
& .amortiz—
$212,494; -Treasury tacr
debit
the
deprec.
p.
1947
.
12,506
income___;
Net income
574,000
will
$527,650
91,135
—
on
Provisions for
Net
will, require
permission
balance.—V.
by
United
rights
entitled
Such
resident
of
Angeles—Earnings—
$557,643
—_—^
Federal taxes
Inc.
1948
XYisi-.
^_a
Interest
-
obtained
classes
17.—V. 167,
vestment Corp., Los
incomer-
by post in due course by the
Letter of Allotment to the sub¬
paid
subscribe
shares
new
the
for
been
to
outride
the
mission
has
Area
given, but
forwarded
these
Co.
ex-interest
new shares holders of
RenouttCeable >fu*ly
a
"Earnings
955,000
125,000
"Earns,
that
the
representing
competitive bidding around Aug.
Interest,
1948.ws
1347
1946
* 1945"
$44,723,979 $37,620,937 $24,187,669
$28,627,446
aft. depr., etc.
2,223,208
'2,908,351
1,960,553
2,196,127
for Fed. and state
Inventory
the
Inc.—Earnings—
Net prof.
Prov.
to take
.up:
than
.4ra-ctibtt^'subscription, warrants will have t-n surrender them, <-n
Midland Bank Ltd. together--with
payment in full of the subscription
price .for- the new sharo* not later than the close of
business on
Aug. 27, 1948.
N6. receipt for the subscription price will be
necessary
6 Mos. End.
Apr. 30—
sales
Net
with the appropriate
later
and
given
Brown Shoe Co.,
not
1948, and any received after
^■'
Sidered.'
d'sof
,4
subscription warrants
scribed.
the
stock
stock
1
-»
for
Midlafld : Bank' Ltd.
6,
issueof
Corp.—Distribution—
corporat'on has authorized
the holders of its common
business,
par
common
this
reach
Aug.
cn
t
'
Applications
must
„
.
1 it was' reported that
approximately
stock owned by Halsey, Stuart &
Total
-
class held,
■purpose;-^;.^^
:
3 Months Ejfhded March-31
'
and
On
certificates
to
price
London and
entitling them to subscribe
new
ordinary share .for
of
at
Central
t
the
the
at
oniy in
ordinary shares, may
'participating preference and
apply.Midland ;Bankv;.iLttL; new issue
department,
E.C.2, jEngiand,. tor -subscription warrants
for
have
par
company
holders of the: issued
sale
(less
31, 1947, $1,480,000), $2,020,000; consolidated mort¬
gage 5% gold bonds due 1955 (less
redeemed to Dec. 31
1947, $634,000
and repurchased
ahWheld' in treasury,
$28,000), $5,967,000; 15-year 6%
income note due
1952, payable to Bush Terminal Buildings
Co., $500,000; accounts payable and accrued
expenses, $191,734; accrued interest
and
»
>
July
common
furniture
at cbst
$30,521; good¬
how
Central Illinois Public Service
Co.—Stock to Be Sold
,
supplies,
expenses,
will—carried at
Trust
" • >
a
' # ,s \
Guaranty Trust Co. of New York has been appointed
registrar
preferred stock, • series A and B, and common stock, and
plant, railroad
equipment .and
Railroad
1947
$8,118,480
:
estimated
;
de¬
2682.
p.
the
was
(less reserve for depreciation,
$2,004,726), $1,622,and-advanims, $81,989; cash in banks and on hand,
$1,787,647; accounts receivaole—rentals,
storage, and ot^her charges
(less reserve for bad
debts, $18,950), $124,429; due from Bush Terminal
Brazil)
1948
Gross earnings from
Operating
expenses,
amortization,
in
stock
preferred
167,
allow¬
exchange,-pursuant
for
BALANCE SHEET, DEC. 31, 1947
s"—'since
(Including
$0.30
of
Registrar Appointed—
in
and
discounts.—V.
for
Brooklyn at assessed value In 1919* ($8,685,974)
improvements at cost ($224,149), $8,910,123;
steamship piers,
industrial buildings and -storage warehouses
in Brooklyn-tr^t cost (less
redeemed
Quarters Ended March 31—
Total
240,300
outstdg.
shares—___
agent,.is
for
-The
518,460
and land
$6,000,381;
.
$i;001,866
417,826
1947.: '
1,
ASSETS—Land
1945
$1,059,643
V.v,.
motor,
tal
$118,840
84,276
1946
"
total, $9,814,189.—V. 166,
181,367
1947
$159,960
,
for
82,120
and
Co., 16 Wall Street, New York, N. Y„ as. sole
accepting old securities of the railway comto plan
of reorganization, and con¬
summation order dated June
24, 1948. It Is expected that; the new
securities will be available for
delivery beginning, about July 20.
In
connection w.th the new
securities, Bankers Trust Co. has received
the following
appointments: New York paying agent and
registrar for
the
first
mortgage 4% bonds, series A, due 1995 and the
general
mortgage 4Vi% income bonds, series A and B, due
2020, and New
York, bond scrip agent for said bonds; transfer
agent for preferred
sto.ks, series A and B, and common stock;
depositary under voting
trust- agreement dated Jan.
l, 1948, and transfer agent for voting
trust certificates for'
preferred stocks, series A and B, and common
stock; and transfer agent for certificates for
additional cash
and/or
securities, with. respect to exchange of certain old securities.
exchange
pany,
QUARTER ENDED MARCH 31
;„238,360
taxes._
profit
retired
1948
FOR
:rents;:^tc;( $1,105,906
.chargep___iy_
income
No. of common sharesEarned- per share
1946.
hand, $1,735,921; accounts receivable
(customers),
$2,179,823;
inventories,
$2,426,480;1 deferred
charges,
$115,588; "Ahlberg Bearing Co.—common stock
(at
cost), $117,195;
claim
$384,483
181,371
;
1943
,
Revenue from
$187,521
450,000
$1.46
"Adjusted to reflect 3-for-l
BALANCE
180,000
$652,768
21,074
Net-.income
.
.
1946'
$1,102,804
outstanding.
ASSETS—Cash in banks and
.
1947
415,000
share.—
per
325,000
compared
$1,072,459
Net
*
tax
The Bankers
1,200
262,596
income.
on
COMPARATIVE'EARNINGS
1S48.
income after charges______^
Provision for Federal income taxes-
profit
Number of shares
.,
Co.—Earnings-
Net
Earnings
facilities-
Central of Georgia Ry.—-Deposits
Accepted—
'
1,200
280,514
_
and
ances
,
:
Bower Roller Bearing
shares
63,876
380,478
note____
■■
f rovision
.
income
iUnfilled orders
of
$1,004,739
"Including selling and administrative expenses, but exclusive
preciation, depletion knd amortization. tAfter
deducting freight
531.555
75,978
interest
$25.21
;
602,541
w—.
v'
31,-1948,
$20.83,
Botany Mills, Inc.—Earnings—
,! '• 13 Weeks Ended April 4—
Net sales.
a
deprec.
_______
amortiz.
Earned -per
$1,835,159
$450,323
,;-v"
lY
for
excess
Com.
2,013,084
1945
$2,667,575
profits tax_
Other income taXes_J.__
$3,848,243
$2,348,480
—^—ty._
'Other.;, taxes;
and $18.62.—V.
IS?1'
■U;
101,347
„
.
^Increase.
asset values per share on April 30, 1948:
and 1945 were, respectively, $19.32, $18.32,
167, p. 150.
1946
Operation
1,114,916
-Earnings-
1946
'
V'NOTE—Npt
F
Rentals, transportation and other
1947
$5,385,907
:
deductions.
normal
Ntejt
for
$6,447,642
251,509
income
surtax
1946
'
-
and
174,438
for
Fed.
■
YEARS
1947
•
,
*
par.
loans
1679.
p.
$2,493,137
emergency
appreciation
'jli
,
quo
exceeding
CALENDAR
1
texci.
of. sains- or. losses. *
jiexcl. of gains pr lossqs..,.
mv*o<y>
investments).
Decrease in
-
not
bank
repay
Life
187,157
other
Fed.
twietc
the
$5,198,750
________
and.depletion
successor
and
194,984
Prov.
trustee, 22 Wil'iam
$142,760 ' vi St.; New 'York, N. Y/, - wtel until noon on July 28, 1948, receive tenders
22*833
for. the sale to it of first mortgage 4',; 50-vear gold bonds due April 1,
L_
:
1952, to- an amount, suffJbient to exhaust, the sum of $20,170 (now
Total' &
on
Requested of Bonds.—
Co.,
Co.
$6,252,658
Provision
•*
used to
166,
1948
etc.
Total
1046'
Insurance
royalties, int.
earned,
Total
fmv.
trustee under four trusts,
t
$26,629,251 $21,678,895 $13,676,398 $10,431,163
sales______L.__
20,376,593
16,480,144
11,183,261
9,426,423
Disc, red.,
retire-
shares of capital stock, after
income taxes,
-tAfter excluding
tTneton
Qe
•<.
(& Wholly-Owned Subs.)
6 Mos. End.
April 30—
tNet sales
de¬
notes, tax series applied against
for inventory price decline, $3,000,000;
reserves
Vnrlr
I
Celotex Corp,
employees,
income
on
Bankers
Now
0*
The proceeds of the sale
will be
new construction
.requirements.—V.
wages,
directors,
and
nf
0
western & Southern Life
Insurance Co. of Virginia.
$1,741,total, $23,481,318. :
taxes,
On
Hus;
•
Treasury
employer's liabilitv
cumulative
salaries,
taxes,
Federal
sharesT,; $4,000,000;. cost
i$1.79
for
reserves
accounts;
pay
taxes), $776;394;
reserves
(per share)
state
$2,000;000 U,
current
9 Months Ended March 31—
(after
$1,525,249; lasts (at nominal amount), $1;
tributions;
$4,129,638;
.;
(George W.) Borg Corp.—Earnings"Net income .from
operations
for
reserves
Federal
—
Earnings per common share
—V. 166, p. 1042.
t
;
a group of four life
companies and a trust company.. The - two
largest purchasing companies are the New York ir it*.
Life
ana John Hancock Mutual
Life, each of which took $1,~
500,000 of the issue.
Other purchasers are the
iQv.fmo+
(non-current), $80,475; land and buildings
depreciation of $2,277,073), $1,825,127; machinery,
LIABILITIES—Trade
'■*.
—
3%%" debentures, due in 1978, to
insurance
accounts
equipment, and automobiles
3
1948
Co.,
(after
FOR
MARCH
•
income
$0.01
.
Shoe
Corp.—Earnings—
'
Net
v
sheet, April so,
accrued
$44,427 ►, $17,960;. stock purchase notes of employees (Brown
Inc., common stock held as collateral—aggregate quoted
market of collateral
$409,200), $178,379; notes and accounts receivable,
352^4.18
'___
247.
p.
ealance
market
$366,197
352.418
r.
.
FINANCIAL CHRONICLE
s. Treasury ,potes,. tax. series (at cost
interest), $a61,368; trade accounts receivable (less reserve of $300,000), $7)450,45&; inventories (at the lower of cost or
market)., $14,662,134; marketable securities, at cost
(aggregate quoted
and
224*433-
2,076
&
assets—-Gash, $2 880,167;'u.
i
$590 630 r
$5,465
taxes_____
consolidated
Earnings
1948
taxes__-_-__.
COMMERCIAL
4
m
—«.«————«—*»«.«—-*•
goods sold, selllngi adminis. & gen* exps.
Cost of
.1946
*947
Calendar Years—
Net sales
CHRONICLE
FINANCIAL
operation during the first half of 1948 under the present
temporary mail rate of 95 cents per plane mile. This temporary rate"
will
go
up
to $1.25 per, plane mile when service from Havana to "'
Caracas, Venezuela, begins.
This service will be inaugurated within
the next 30 days, he said.
The new route to Caracas will connect
the
two
richest
oil
producing areas of the world and the traffic.;
potential appears substantial.-WV, 167, p. 1467.'
/<■ >w r
.
(Including Wholly-Owned Subsidiaries)
■
&
$48,707,089 $34.959,301'
37,882,627 28,314,968
profit
income
Other
L—$10,824,461. $6,644,334
686,799
587,382
—,
Total
Interest
370,637
124,906
4,147,841
—
_________
sinking fund debentures——
3V2%
on
and Canadian taxes
for Fed.
Prov.
$7,231,71s
167,347
132,781
Income
deduct'.ons
Other
income—
on
directors
the
433,000
■
Rosenthal,
had
declared
stock
common
The dividend
transferred
Amount
surplus
earned
to
preference dividends——
————
cumul. prior preference dividends—
6 %
$3,890,269
$6,149,720
.—,
:
,
holders
of
8,562
—-—
67,500
81,236
1,215,188
728,999
4V2/0
Surplus
for year
outstanding
preferred
creating
shares
Earnings
per
"After
deducting
_——
share——
common
of
charges
V
be
dividend
The
board
Months Ended
Three
sales
Net
Cost
31—
March
gen'l
admin.
■
.
8,761,164
$2,534,573
39,414
r
-
.
.
income
Total
$2,573,987
$2,469,164
will
also
consecutive
vote
31,718
Appropriation
to
to
transferred
Bal.
Earnings
stock
1947.
U.
securities, at cost
construction program).
for
v
(appropriation
Govt.
S.
in
Investment
through
would
period
1,000.000
8,876,934
160,467
be
in
the
will
to
in
recovery
the
of
the
fact
:
LIABILITIES—"
'
-if-"'.'-":
■
resulted
Reserves
—
—
3Va% sinking fund debentures—
20-year 5xk.'h sinking fund gold debentures
4V2% prior preierence stock ($100 par)
15-year
board
Capital surplus
6,688,91$
'
$26,894,745 $21,745,453
167,
the
constricted
Nogales,
also
of
level
(& Subs.)—Earnings
Months Ended April 30—
profit
.«
the
at
Selling,
admin.
&
(net)
3,122^506
for inc. taxes.
$2,437,887
gen.
Profit before prov;
exps.
Provision
for
est.
Provision
lor
1,046,000
$1,781,034
*$802,569
755,700 Crl,045,000
250,000
-
contingencies—
income
1946
$864 330
1,666,905
taxes
income
Earnings
$1,025,334
$2.11
$1,141,887
share
pev
$2.35
$242,431
$0.50
Cost
'
.
assets, $216,131;
total, $18,085,555.
LIABILITIES—Current
Foreign—
liabilities,
income
including
tax
for
accrual
'
income
taxes
for
taxes
income
-
/
from
foreign
375,000
subsidiaries
credits
(less
for
6 Months Ended April 30—
sales
Income
from
dividends
foreign
stock
preferred
stock
1,150,000
Common
—V.
125,000
Common
shares
Earnings
per
3,802,884 "
8,683,002
.1,100,000.
9,783,002
1,998,233
218,755
2,000,000
1,998,233
$1.85
1948
were $78,$59,407,527
share
sales
the
for
sales
first
subsidiaries
In
1947,
of
quarter
domestic
the
of
(which
company
of
consolidated)
hot
are
$13,720,034.
for
reflect
to
as
results
the
the
an
half
of
to
net income
not
were
1947
in
reduction
net
addition
operations
of
first
for
reported.
above)
(see
the
reserve
for
the period.
The
S.
685,000
Earnings
outstanding
common share—
per
167,
p.
$1,278,880
457,185
of
11,554,497
$2.62
$0.93
1,500,000
17,852,368
reserve)
i .43,231,879
Investments—Foreign
Miscellaneous
subsidiaries
1,309,589
7,231,348
investments
(net)
9,208,000
15,178,744
32,561,597.,
1,131,255
5,861,235
trade-marks,
24,581,104
3.281,250
balance
etc.—Unainort.
Total
23,322,882
3,375,000 'i
—
—
105,857,561
The
for
per
&
on July 2 filed a letter of notification with the SEC
shares of common stock, and 30,000 warrants entitling the
company
50,000
holder
to
liabilities
:
and
15,400,676
——
reserves—
•:
—
purchase
stock.
common
unit consisting of
one
The
share of common
Co., New York, is named
as
will be $2.75
and V/2 warrants.
Dunne
offering
price
underwriter.
for
inventory price decline
$3.50 preferred stock (125,000 no par shares)—
4,292,498
14,868,086
4,172,493
24,977,975
Capital
surplus
3,011,979
3,011,979
Earned
surplus
38.424,433
35,730,043
—;
,
Total
Retroactive.Mail Pay for 1946 and 1.947——
The Civil Aeronautics Board on July 2 issued a show cause order
offering this corporation certain permanent domestic mail rates retro¬
active to Jan. X, 1946.
These rates (when accepted by the company
and confirmed by
a final rate order)
will havb a significant effect
upon the present financ.al position and future earnings of the com¬
pany, it-was announced.
ft'
'
'
t
Carleton
Putnam,
President,
states
the
order
will
allow C&S
addi¬
tional retroactive mail pay of $1,055,000 for 1946 and 1947. The Board
recommended that the corporation be given a total of $3,139,000 in
mail pay for the two-year period.
1
Mr.
Putnam
further
added
the new permanent rate
than heretofore received
for this period
pany
heretofore
line's
the
any of
our
when
provide
1947."
In
for
will
give the
and
he
about
the
months
of
1948,
$550,000 more mail pay
air line
estimates
six
first
the net profit
for the com¬
$250,000 instead of the loss of $300,000
books.
The late
affects only the air
appearing on the
operations.
foreign field, a permanent
domestic
"In
that
at
that
us
services," Mr.
the
Putnam
retroactive
with further
portion
mail
said.
of
reimbursement
rate
"We
this
of
has
are
rate
losses
yet to be set for
reasonably confident
is
determined
Incurred in
it
will
1946 and
:
discussing
Putnam
said
the
that
international
a
small
profit
segment
was
of
earned
the
on
C&S
the
system,
New
Mr.
Orleans-
7,250,000
12,500,000
12,500,000
24,977,975
Chicago & Southern Air Lines, Inc.—Allowed $1,055,000 Additional
7,250,000
stock
:i:Common
$432,118
$290,110
277,500
277.500
-,-277,500
$1.32
$1.55
$104
—
;
100,000
;•
.
on
July 7 announced that System output of electricity
and
purchased)
for the week ended July 4,
with
compared
increase
an
172,400,000
of
kwh.
16.9%.'
Local
J
:
H.
Aiken,
formerly
Assistant
Vice-President,
has
been
elected
the company's Purchasing
,<
f
and
j
|
•
Charles B. Delafield has been elected Assistant Vice-President, public* ;
and will retain his title as Assistant to the President.— |
168, p. 44."
;
,
vf-"
-v,v.
•
pursuant
to
under
May
15,
City
provisions
which
1962,
into
time)
contained
the
105,857,561
102,510,576
deducting United States Government securities equal to lia-:
taxes:
1947,
$12,800,000;
1948, $11,600,000.
tRepresented
2,000,000 no par shares less 1,762 shares in treasury.—V. 167,
the indenture,
convertible
dated May 15,
debentures,
due
that
stock
common
in
2,/2%
15-year
issued,
were
Rate "A" for
the conversion
terminated at 3 o'clock p.m.
(N.
of
Y.
July 1, 1948, since which time Rate "B" for such
conversion, viz., at the rate of three shares of such common stock for
on
each
$200
principal
iV. 168, p. 44.
amount
of
debentures,
has
been
in
effect.—
,
,
Consolidated Gas Utilities Corp.—Earnings-rPeriod Erd. April 30—
Operating
1947—3 Mos.—1947
$2,273,316
revenue
and
Fed.
&
(incl.
taxes
State
Balance
Other
-V.
$5,922,063
-
,
$4,359,093
,
income
934,966
3,924,378;
income
;
'96,739
456,118
2,797,252
■; 3gi,64a
$834,027
—J
$514,255
$1,541,566
$1,170,192
37,616
15,283
96,039
60,955
$871,642
$529,538
I $1,637,605
$1,231,147
j.
Gross income
'
Income ^deductions' t-iNet
«;«
1948—12 Mos.—1947
••-«
$1,545,960
—1,327,890
Deprec,;and depletion.^
*
111,398
-
Reserve
"
-
$390,110
$366,316
share—
taxes)
liabilities
"Current
Deferred
1948
.
relations,
V.
102,510,576
LIABILITIES—
Chieftain Products, Inc., Brooklyn, N. Y.—Files With
SEC—
1947
$557,118;
generated
17.7%.
Exps.
543.
;
<125,000
1947,
John
317,366
332,665
:
-
;
50,000
Vice-President.
He will have charge of
Commercial Buildings Departments.
plant and equipment, le^s reserve for
depreciation
Goodwill,
1948:
outstanding—
common
company
debentures
expenses
Property,
450,995
(less
:
.
—Changes in Conversion Rate of Debentures-
government
Inventories
312;week in
Officials Promoted—■
'S;-:;,.;-
6,537,358
—
Prepaid
$466,063
$2,15
shares
788,500
$1,101,985
457,185
profit
Common
1946
$9,985,848
811,068
.345,000
1
ol
to
distribution of electricity amounted to
192,200,000 kwh.. compared with
163,300,000 kwh. for the corresponding week of last year, an increase
Dec. 31, '47
securities, at cost (excl. of
deducted from liability for taxes)—
1
subsidiaries
conditions
amounted
Consolidated Gas Electric Light & Power Co. of Bait, vi
Mar. 31, '48
receivable
business
1948.
$416,316
amounted to 201,500,000 kwh.,
the corresponding
week of
for
has been
inventory
COMPARATIVE BALANCE SHEET
ASSETS—
amount
1947
'
.
1948,
of
r
quarterly
account
price decline
U.
1948
taxes
'
.
shares
per
167, p. 43. ./v'1
The
$4.73
109,375:999,119
paid
paid_
outstanding
common
This
sales of
1.
of
energy
general
July
Consolidated Edison Co. of New York^ Inc.—Output-—
1,025,000
350,000
surplus_>_—3,802,884
dividends
dividends
Cash
$15,739,623 $14,903,194
1,786,985
2,067,380
—
income
taxes
Net
—V.
——
before
Profit
ended
Quarter Ended March 31—
for¬
paid)-25,000
Transferred to earned
$3.50
electric
of
show
to
Profit after charges and Fed. taxes
Provision, for contingencies———^.
Earnings
Total net income for period———-1.1———
Reducfc.. in reserve for inventory price - decline
Accounts
Net
output
week
4,659,033
— * 7,658,002
—
,
(Including Wholly-Owned Subsidiary)
,
the
Consolidated Cigar Corp/ (fy Subs.)—Earrimjgs—
1947,
\
hour
adjusted
for
comPared with 252,691,905 for the corresponding
an increase of 59,424,305 or 23.52 ft .—V. 168, p. 44.
(electricity
reserve for contingencies,
total, $18,085,555.—V. 167,
Cherry-Burrell Corp.—Earnings—
kilowatt
corporation
as
12,317,035 1
2,023,697
income
Net
1358.,
p.
weekly
this
1947*
$
27,323,772
15,650,117
•
restated
current
and prior fiscal years, $4,538,456;
$1,529,537; capital and surplus, $12,017,562;
payable
interest
territory served
30,'47
domestic operations—3,452,884
from
-
.
and
Net profit
Net income
'• $1.01
'
'
Commonwealth & Southern Corp.—Weekly Output—
92,665,904
5,476,581
income
other
and
$1.22
132,306,711
Operating^profit"
Provis.qn lor income taxes
$1,622*083
'644,887
806,109-;v
and accrued accounts. $2,431,174;
foreign income taxes, $2,704,566; reserve for taxes, $580,000;
in
subsidiary companies, $1,717,461; capital stock
of
no
par
value
(outstanding 1.612,218 shares), $21,849,354; earned
surplus, $17,475,932; total,. $46,758,487.^-V. 167, p. 1255. ',
of
38,280,829
.Operating expenses, etc
,
—-L,—t$l,968,644
—
share—
per
minority
$4.85
59,407,527
$6,037,750;
charges
52,968
.
6 Mos. End.
'
sales
of
foreign
deferred
756,870
98,784
-
•
Income
U. S.
174,019
Mar. 31, *48 June
and
$1;
41,243
698.000
(est.)
America
shares.—V.:i67," p'. 1148;
A
!■■'■■■
-
ASSETS—Cash,•$1,917,460; marketable securities, $130,000; accounts
receivable
(less
reserve),
$2,424,233;
inventories, $6,999,481;
other
current
assets,
$360,499;
fixed
assets
(less
reserve
of $4,828,322),
drawings,
foreign taxes
LIABILITIES—Accounts
$974,993 i'
$6.75i ;> \
*
share——_L—,
includes
and
and
of $40,342,510)
$25,438,806; patents, goodwill, etc., $1; deferred charges,
$456,735; total, $46,758,487.
'. !■ >,
' "66,800 ;
"
172,730
"
127,561.
patterns
*643,860
(net)
States
1,192,077
(less
2,325
$1,294,721
■>
—_
sales
Net
NOTES—World-wide
1948
SHEET, APRIL 30,
.
111,492 shares (at cost), $1,154,758; Natural Gas Pipeline .Co.
40,700 shares (at cost). $521,514; other securities, at" cost
$105,264 reserve), $362,217;
notes, accounts receivable,
ete.—
non-current
(less $23,407 reserve), $343,317; properties, plants and
equipment (after reserves for depreciation, depletion end amortization
of
"Loss.
BALANCE
operating expense——
general expense
and
,
.
86,050
dividend requirements on "class"
Common
Net
1947
-
$10,599,258 $10,530,681
Corp.
,1947
$1,044,124
1948
outstanding—
common
per
eign
1947
$4,019,505
2,238,471
1948
*
ASSETS-Cash, $7,376,401; U. S. Govt, securities (at cost), $519,000;
securities, at cost (quoted market value $1,022,678), $850.493; accounts receivable (less $33,866 reserve), $3,815,128; Inventories,
$5,115,627; Interstate Natural Gas Co., Inc., 142,957 .shares, at cost
(quoted market
price $3,573,925), $804,490; Mississippi River Fuel
year
$1,383,462
,
—
shares
Domestic—
—
1948
$5,5.0 393
sales aitn* deprec.
on
/ f
-
marketable
Corp.—Earnings—*
...
!
Div.dend
Chain Belt Co.
6
Gross
(& Subs.)—Earnings—
CONSOLIDATED BALANCE SHEET, MARCH 31, 1948
•
properties,
for
results
that
earnings
electric
Arizona,
stated
3 Mos. End.
2253.
p.
2683.
p.
.
affected by Commission act.on on rate
pending with respect to the . .company's '
Arizona," electr.c .properties.—V. 167, p., 2683.
Prov.
—V.
Income
The
,
——
.
•Including/ non-recurring income of $564,457.
*fAfterr-deducting
depreciation^ depletion and amortization of $668,552,
i*.
3,860,599
Total
v.--
.
$2,390,678
Net
directors, Mr.
operations wit¬
this company.
He
for
earnings
—v—a—.»/
profit
-*After
7,152,220
8,727*6313
other
Dividend
of
2,691
"Earnings
—
Earned-surplus
'
j.';-
Consolidation
6,94'7,926
Income
■
May
-Expenses
w—v:
1,500,000
1,501,900
($1 par)*—T,"620,699./ 1,619,999
stock
Common
and
administrative
United
now
Nogales,
Period
$3,060,504
1,000,232
3,550,000
Brewing Corp. below.—V. 167,
$144,235
$2.70
.
'
Minority: interest
' -821,752'
$3,328,595
1,703,908
3,325,000
:v'
.
*
i ' /\:'
• \
•
,
7,207,937
1,269,753
Other
be
considerably
very
,
from
Quarter Ended March 31—.
V/ri,'
.
Current
$227,925
^ ,79,164
4,525
-
Operating-income$2,121,568
be combined into full
that
$26,894,745 $21,745,453
.
sales
of
Selling,
Colgate-Palmolive-Peet Co.—Earnings—
Total'
^
;' /
—
Cost
omission
of
event
/■:■■■
action
Mr.
and
Common
575,089-
,
$40,582
$0.76
■
-
'
3 Months Ended March 31—
V
by scrip may
dividend
applications
Net
—
■.
Sales
——
1,300,000
10,548,946
52,922
;
r
<
$0.79
Columbian Carbon Co.
five %
.' V
1.
reference
Vermont
and
Rosenthal
April.
increase
deferred charges and misc.
investments,
assets
next
the
for
stockholders
preferred
that
dividends.
evidenced
Federal income taxes
Operating property, plant and equip, (less res.)
Non-operat.ng property and equip, (less res.)—
Other
the
Vermont
capital stock and mortgage notes
of subsidiary not consolidated
He
company's
Gross income
$13,417,788 $11,886,300
i——---
stock
common
for the
five months through May indicated net
period of approximately $117,000 or 45 cents a share,
with $158,000 or 61 cents per share in the same period of
further indicated that the unfavorable comparison in the
month
„
1946
'
See Falstaff
new
share ,bas.s
Coca-Cola International
1947
$42,224
(53,453)
'
.
results
the
(Including Wholly-Owned Subsidiaries)
ASSETS--
't
share
842.
Columbia Brewing Co. (Mo.)—Proposed
DEC. 31
COMPARATIVE BALANCE SHEET,
167,
?
...
an
that
five
on
Current: assets
for
including Nov.
made
„
reserves for contingencies were equal to six cents
1,620,699 shares of common stock outstanding. Earnings
after providing for contingency reserve were 86 cents.
share
share
of
provisions
semi-annual
considerable
a
for
compared
.V.*Appropritions to
per
per
and
also
that
income
$1,407,672,
$741,999
*$0,92 %
$0,45
$1,549,243
$0.94
surp.
com,,
share
a
share
a
interest
announcing
nessed
$741,999
100,000
conting.
earned
of
share
per
for
res.
$1,507,672 V
surplus—
p.
will be issued. Scrip for fractional shares
stockholders; and the directors have determined that
to
to
up
Rosenthal
571,591
929,773
994,994
on
share
In
33,687
'$1,549,243
income
to
per
—V.
"
cumulative and
be
-
$270,200
42,275-
,
Only full shares of stock
will be mailed
stated
Net
dividend will
which
bear
will
stockholders,
common
1 and Aug. 1.
provided that the
of
contain
to
four
fractional
$1,347,278
29.750
—
Interest on sinking fund debentures
Prov* for U. S. & Can,'inc. taxes
Balance
Earnings
11,
into
of
$1,366,630
19,351
74,747
to
cents,
7/10ths
shares
other income and deductions
Net of
50
entitled
-
6,593,054
$2,394,416
profit
stock
$7,959,685
„
10,247,434
deprec. •& deplet.
exps;,
Operating
1946
1947
of
May
on
,
.
',$58,042 .
.16,710 750,
..
$261,960
8j240
,
stock¬
6/10ths of a share of common stock thereafter.
It
was
also provided that the preferred stock will be callable at $10.50
per share lor the first five years after issuance; $10.25 per share xor
the npxt five years; and $10 per share thereafter.
The new preferred
•'
$12,782,007 $11,155,581
selling,
sold,
Subsidiaries);;<>;,■
1948
—
goods
of
&
Wholly-Owned
(Including
;
dividend
a
stockholders
the
-
!
.
1,007,609
•
■,
' $67,047
9,005
$60,491
Prov. for Federal income taxes—. 17,268
Prov. for State income -.taxes-—.—- .
999
of
directors
of
into
and
years;
CONSOLIDATED STATEMENT FOR FIRST QUARTER
f
'
by
Net Income-^
■
$1,269,569
$64,937
2,110
$70,027 '
2,637
;■ *
•
on
creation
for
268,208
Gross,
preferred stock will
have a stated
value of $10 per
share.
It will be convertible into
8/10ths of a share of common stock for the first five years after its
issuance;
'■~u
the
1948.
In
preferred stock under that authorization,
provided that the series preferred stock, -which
voted
as
common
authorization
the
of
$302,493
237,556
$338,235
income$72,664
Income deductions
12,172
1,
Aug.
stock to be distributed to
utilization
series
have
issued
record
of
12 Mos.'48
1948—3 Mos.—1947
'
———
payable semi-annually, Feb.
which were applied for interest on prior yeai's
,
first
iirst
directors
annual
included in other deductions
Federal income taxes, etc.
$281,845
the
stock
the
the
$4,867,032 ' $3,071,471
1,620,699
1,619,999
$3.75
$2.35
—
Common
regular
preferred
ox
marks
will
dividends
Common
on
July 6 announced that
25 cent semi-annual dividend
President,
the
stockholders
to
payable on Aug.
20.
In
addition, a stock dividend was declared in the amount of
3/100ths of a share of preferred stock on each share of tne 257,165
shares of>, commont stock now outstanding.'
>
<2,608,318
"718,155
Appropriation to reserve for contingencies——
L.
expenses
Operating income
Other.income
.
Richard
Co.—Earnings—
-
revenues—electric
Operating
Citizens Utilities Co.—Dividend in Preferred Stock—
——
.
Colorado Central ,Power
Period Ended March 31—
Operating
.
,
Operating
Monday, July 12, 1948
Havana.
Certain-teed Products Corp—-Annual Report--
•
COMMERCIAL
THE
(148)
75,834
49,860
260,962
.217,768
$795,808
income"
$479,678
$1,356,644
$1,013,381
167, p. 1920.
*After
bility
by
p.
for
2026.
,
'
-
...
,
-
*
,
...
-
Consolidated Steel Corp.—Name
The
Collins & Aikman Corp. (& Subs.)—Earnings—
Net profit
Feb. 28,'48 Mar. 1,'47
$338,800
$6.36
Earnings per common share
Net profit from operations
before provision for depreciation,
income taxes and other miscellaneous
Federal
and
State
and
provision for Federal and State income taxes amounted to $260,000.
of
Feb.
28,
1948, the company's
earned surplus aggregated
$13,989,856 as compared with $14,265,101 at March 1, 1947.—V. 167,
p. 543.
.
As
Colon Development Co., Ltd.—Production—
the four weeks
ended June 28,
1248, amounted to 338,267 barrels, compared with
323,817 barrels for the four weeks ended May 31, 1948, and 399,639
barrels for the five weeks ended May 3, 1948.—V. 167, p. 2683.
The
company
announces
that
its
production
corporation
has
Changed—
been
beginning July 2,
changed to Consolidated
1948.—V. 167, p. 2787.
'
See Consolidated Steel Corp. above.
for
Continental Can Co.,
,
Inc.—Earnings—■
,
'•
pen¬
items
for the fiscal year ended Feb. 28,
1948, was $1,236,101. Other Income
amounted to $103,121. Depreciation for the fiscal year totaled $633,516
sions,
this
Corp.,
$3,628,936
$0.60
afyer Federal and State income taxes
Steel
Consolidated Western Steel Corp.—New Name—
(Excluding Canadian Subsidiary)
.Years Ended-i—'
of
name
Western
(Including
wholly
owned
12 Months Ended March 31—
1948
Operating profit
Depreciation
and
depletion.
—
Federal income taxes
shares
Earnings per
Net
sales
$68,812,368
March
'
1947
1946
,
$28,641,099 $17,274,549 $12,185,231
5,972,623
5,227,488
5,764,936
8,563,591
4,489,084
2,436,634
;
$14,104,885
$3,983,661
—
3,157,781
$7,557,977
3,157,431
$2.22
Net profit
Common
subsidiaries)
outstanding
share..
common
for
and
the
<
$4.29
ended March 31,
with $45,508*214 for
quarter
compared
31, 1947,—V. 167, p. 2027.
-
2,859,461
;;;
$1.20
1948, amounted to
the quarter ended
i
Volume
168
Number 4715
Continental
■
Motors
$80,OOOipGO*—
Most
soirie
Corp.
Unfilled
—
of
♦Net
divisions of this corporation are on a six-day-week basis and.
departments are working seven days- against unfilled
..
of
approximately $80,000,000, C. J.
the semi-annual report 'to stockholders, - *
Experimental, and development work
V-J Day -for
the U. S.
superior
those
Reese,
President,
stated
/
v
carried
•
.
1
by Continental since
on
use."
sales
Net
Armed
Services has resulted ,in new engines far
during
the past war in tanks and heavy
military rvohicles, he said.
"Continental's airplane engine division
should benefit from the purchase of
light planes for miliary and other
to
FINANCIAL
profit
;
■>'
..The'-report also points? out that the consolidation of;Wisconsin Motor
Corp., on April 30, 1948, added -$3,061,547, or $1.02 per share, to the
book
.value, of Continental stock by. enabling Continental to reflect
payment of ;all items.' -JLosa.—V.
$1,111,710
600,000
Nil
„
600,000
$1.85
•
167, p.,4255.
~
Eastman Kodak
'■/
to
2 interest
earnings :from dates of acquisition), of that-company's stock
Heretofore, Continental's investment in Wisconsin
has been carried at cost, with no
regard for accumulated earn¬
stock
,1^1947.
This company
■
announced
The
old
$5
no
value
par
value
par
common
each-no par share held.-
proposal
•
from
to
43,670
share)
shares,
stock
the
common
Feb.
were
basis
no
value
par
recently, changed
of
four
(with
outstanding
stated
a
of
$12.50
into
•«
City
of
of
this
None
of
the
will
has
the
as
of
two
trusts
business.
Giving
effect
to
the
proposed
members
,
of
the
about
own
shares,
27%
and
23%
respectively.—V.
''
a
"••
Delta Air Lines, Inc.—Courts
Richard
W.
Courts,
head of
Courts
hanking house, has been elected
.
':
&
■
Co.,
W.
dividends
1948:
1945
$1,136,578
48,821
34,035
16,127
It
Total
$1,584,732
$1,356,114
204,606
tNet
income
$1,360,683
^Dividends declared
♦From
;;
$1,151,507
1,510,753
1,622,617
sales of securities
received
surplus arising from sales of investments
$601,644 in 1946 and $467,532 in 1945.
in
security profits
investments.
Investment
As
or
which
is
Electric.
5.
as
for
the
present
in
are
the
of
Electric
deemed
&
Light
provisions
Internal
on
income
appreciation of
relating
Revenue
net
to
Code,
regulated
it
is
Cost
of
Selling
Prov.
V
■
-
and
for
1,848,265
2,288,151
$7,376,453
5,334,336
475,578
448,343
1,392,302
exp.
depreciation—
■-
.
'
•
•
:
'
•.
70,404
income
&
62,560
$8,290,706
5,972,387
1,200,335
210,636
187,181
'
Operating profit
Other
1948—9 Mos.—1947
$3,198,965
sold__
admin,
'V.
;
1948—3 Mos.—1947
$2,553,823
products
$159,576
$399,911
$439,179
9,078
17,549
29,970
credits
the
Total
income
deductions.
Fed", taxes
on
$163,654
Inc.
$417,460
$930,803
(est.)
47,490
Net
profit
Net profit per -share—,
; Earned Surplus-
$469,149
55,137
*
197,837
"159,308
112,863
383,52j,
$70,420
$203,015
$158,449
$0.41
$1.19
$0.92
$436,597
$2.56
$1,797,092
$1,392,488
158,449
436,597
■
Balance
at
beginning of period—
Net profit for the
period
——
Net assets
value transferred by Wholly owned
subsidiary, Mishawaka Housing Corp., pur¬
suant to liquidation of subsidiary——
Total
_
Dividends
___
for
those
future
of
Combined
earned
38,648
___
ASSETS—Cash,
and
reserves).
notes
BALANCE
$500,528;
trade
(less
2,467,811
SHEET,
marketable
receivable
$2,859,661;
$1,878,653
capital surplus—
CONSOLIDATED
counts
76,888
______________
of period.
and
MARCH
securities.
reserve),
accounts
$1,867,733
102,277
by
31,
LIABILITIES—Accounts
and
1948
trade ac¬
inventories
(less
receivable
dividends
payable, $655,313; accrued
other than Federal taxes on
income, $92,073; Federal taxes
on
income, $246,043; 15-year 4% sinking fund debentures due Oct.
1,
1962, $1,500,000; capital stock outstanding, $1,709,552;
capital surplus,
$589,158J! earned surplus, $1,878,653; total $6,670,792.—-V.
167, p. 846!
and
tests
the
Air
conducted
on
-1948
1947
1946
$352,716
*$35,281
94,234
52,087
90,41-.
taxes___
$291,486
$300,629
*$125,696
19,642
16,-286
15,26,1
$311,128
90,000
$316,915
*$110,465
$221,128
$232,915
84,000
1948
assets—cash
Victory
*$110,465
1947
accounts
Current,
bonds
Reserve
$3,155,391
3,574,268
3,350,760
3,000,000
3,000,000
cost
2,363,413S 2,364,11b
prepared
based
witnesses
own
in
in
the
and
case
follows:
earning
the
of
power
United
Gas
227,820
S 177,12v
$7,711,922
assets
$8,493,457
$7,874,188
$8,519,506
96,571
70,10
398,088
/
251.
p.
upon
V-
h\
Fall River Gas Works Co.—Earnings—
prepara¬
as
are
167,
364,736
315,526
\
submitting its determina¬
the Committee's
-V 373,755
payable-
$9,182,583
taxes
current
Net
—v.
$8,693,365
292,162
payable
for
.
,
$3,819,170
liabilities—wages
Accounts
1946
>
——$1,768,337
at
inventories
Metal
and
—
Total
stocks.
common
these
properties
is
is
made
to
Electric
common
the
stock
of
United
preferred
the
to
stock
common
and-
Gas
Period End. April 30—
Operating
Operation
Retir.
$1,730,114
$1,448,863
92,229
1,187,439
946,843
15,538
13,863
161,569
140,594
6,333
6,333
76,000
76,000
12,715
13,642
140.167
151,463
taxes—
2,390
7,778
74,766
65,285
income
income (net)
$8,120
$3,018
$90,174
3,016
11,835
78,463
$11,136
$14,853
$168,636
-
accruals-
taxes
Federal
1948—12 Mos—1947
$136,862
114,041
reserve
General
1948—Month—1947
$159,137
revenues
Maintenance
Net
income
oper.
income
Gross
charges
$68,676
.71,605
/-
$140,282
1,511
the
stock
common
Electric
of
and
warrants
353,408
473
14,043
4,055
$9,625
of
United
be
not
and
warrants
return
a
of
$14,380
$154,593
$136,226
$2.34
$2.06
considered
are
capital
to
canceled
Electric
receivab'e
of
the
the
and
Power
per
claims.
capital by
Light
&
Electric Bond &
equivalent
including
three
to
stock
exercise
common
holders
warrant
provision
a
less $25
also
and
approximately
of Electric,
upon the
the extent the warrant
that to
proportionate
a
their
is
by
There is
proceeds,
shares
stock
amount
of
warrant, given
United
to
the
will
Gas
warrants
in
■
introduced
a
letter
dated
Jan.
1948,
12,
'V1'
2466.
p.
Fals ta ff
-
:'-:W
stockholders
The
Brewing
the
Co.
two
of
(Mo.)
shares
of
is
19
will
proposed
on.
July
on
by
Merger—
and
26
the
of
approving the
Falstaff
'
Columbia
merger
authorize
to
t
and
of
issue
cumulative 4Mj% preferred stock, to
for the outstanding
common
stock
par
share
for
on
vote
company
July
It
$16.50
share
Columbia.
this
on
companies.
exchanged
be
of
Falstaff
preferred would have voting r.ights.
Sinking fund
looking toward its ultimate retirement.
The deal
would give
Falstaff additional modern brewing capacity of 500,000
barrels for production of Falstaff beer.
The Ems
brewing structure
on
the East Side, a subsidiary of Columbia, would be used for
storage
purposes.
Assuming ratification by stockholders, the transaction would
become effective July 31.—V. 167, p. 2685.
be
would
provided
Federal Electric Co.,
of
2783.
p.
Brewing Corp.—To Vote ■
written
by Curtis E. Caider, Chairman of the board of E.ectric Bond & Share
to
Edgar H. Dixon, President of Electric Power & Light, in which
Mr. Calden stated his position in favor of an allocation of securities
under
the plan substantially
more
favorable
to
the common stock
than
the allocations presented
in the plan later filed by Electric
Light with the approval of Bond & Share.—V. 167,
V
share
per
167,
166,830
stock
Gas
common
exercise,
Committee
Power &
Earnings
:
warrants
Electric Bond
be
share of
to
Net income
Corp.
Inc.—Changes Name-—
The stockholders on May 1 approved ft proposal to change
this company to Federal Enterprises, Inc.—V. 167, p. 1807.
Federal
the
name
Enterprises, Inc.—New Name—
See Federal Electric
Co., Inc., above.
Ely & Walker Mfg. Co.—Bank Loan—Acquisition—
Federal
This
company, in order to finance the purchase of control of F. W.
Mfg. Co., at $410 per share recently arranged for a $7,500,000
loan, which replaced a previous long-term loan of $4,500,000.
bank
The
from
remaining funds necessary to
earnings.—V. 167, p. 1921.
acquire
the
Poe
will
company
come
*
Essex Hotel Corp., Philadelphia—Sale—
The
Essex
Hotel,
13th
corner
and
Pa., has been sold to Jame3 L. Lesher,
investment
an
northwest
syndicate.
The transaction
who
was
has
Sts.,
taken
title
for
M.
Greenfield
& Co.
The property, which is assessed at $762,000, was
sold by a group of stockholders for a price of
approximately $650,000.
The Essex Hotel is
12
stories in height and contains 225 rooms,
each with bath.
Also included in the sale are three
three-story store
buildings—50-52-54
The
of
American
the
Hotel
N.
13th
Hote's
Essex
Street—which
has
Corp.
from
1932
adjoin the hotel.
in charge of the management
been
until
the
present
time.
With
purchase, this management arrangement will cease, but
Hoghn will continue as General Manager of the hotel.
H.
Gross
1948
income
expense
Miscellaneous deductions
taxes
Net
income, (est.)
$2,291,261
2,088,831
515,637
$1,220,086
*$313,207
35,993
21,287
79,600
$68,650
39,463
$1,241,373
32,999
*$233,607
52,138
117,617
7,433
The
460,800
4,600
Dec.
—
profit
per
$629,956
*$277,604
244,190
244,190
244,190
Nil
stock outstanding
$2,58
Nil
share
CONSOLIDATED
ASSETS—Cash
(after
on
BALANCE
hand
reserves
and
of
on
SHEET,
MARCH
31,
erty, plant and equipment
patents
and
other deferred charges,
LIABILITIES—-Yrade
roll
shares
Service
,
of
stock
common
would
Co.
be
aside
set
Scranton-
of
for
expenses,
At the present market price of about $10 per share,
deemed
more
than
sufficient
to
take care of such
Co.,
Inc.,
stocks,
45
of
in
Septemberrby
cents
per
share
Mr.: Chenery
and South¬
amounting
to approximately
in the open market;
Federal
its
to
Water
3,505
&
Gas
Corp.
stockholders
and
the
of
a
discon¬
r
that officers; Of Southern Natural Gas Corp.
to the; board of directors of that corporation
dividend rate be increased from 37'/a cents to 59
cents per
share, which recommendation will not be acted upon until
the August meeting of the board.
As the next dividend record date
on the Southern
Natural Gas stock will be about Sept. 1, which will
be prior to the completion of the distribution of Southern Natural Gas
;
that
the
stock
quarterly
owned
now
Water
stated
recommend
to
propose
and
first
Gas
by Federal,
Corp.
Southern
holders
of
and
that dividend will be received by Federal
directly by the Federal stockholders.
dividend to be received directly by
not
Natural
Gas
Federal
Water
and
stock
Gas
will
that
be
of
1948, after liquidation of Federal Water and Gas Corp.
on Southern Production Co., Inc., common stock are not
contemplated in 1948. Mr. Chenery revealed, as this corporation re¬
quires all of its earnings this year for development purposes.
How¬
ever, the corporation should be in a position to consider payment of a
dividend in 1949.—V. 167, p. 649.
15,
1948
deposit,. $1,149,140; trade accounts
$118,896),
$2,160,025; other accounts re¬
ceivable, $145,881; inventories at lower of" average cost or market,
$4,583,812; advances to logging contractors, $640,499; prepaid insur¬
ance and other expenses, $149,049; miscellaneous
investments, accounts
and advances, $59,367;
timberlands (less depletion), $2,632,260; prop¬
889;
794,054,/2
"
,
pre^nt
*$56,351
______
common
$3,309,417;
after
Dividends
Shares of
receivable
is
Production
dividend
31,913
sometime
Inc., for each share of Federal
tinuance of diivdends thereafter.
538,375
—
receive,
(3) Undistributed shares of Southern Natural Gas Corp.
4,909,788
—
would
claims.
reserve
items;
ern
$6,668,250
I
corporation
share of each of the stocks of Southern Natural
Water
(4) Payment
Federal, state and foreign
on
this
33,400
,
——
the
a
of
reserve
Brook
taxes and
$32,657
;;nlfttexest:
for
(2) A
603,962
—w_——_
•
of
1948, .78 of
Spring
3,986,959
exp.
plan:-
Gas Corp. and Southern Production Co.,
stock held;
1946
Operating profit
Other income
Total
Sept. 1,
$4,623,573
sales, less returns and allow.
products sold——
Selling, admin, and engineering
the
(1) Stockholders
1947
Cost. Of
To File Liquidation
—
shares of each, would be offered for sale
Subs.)—Earnings—
3 Months Ended March 31—
Gas Corp.
corporation wi'l file with the SEC on or before July 17, 1948, a
plan for the liquidation of the corporation as ordered by the SEC in
an
opinion on July 3, 194G.
Details of the plan were made known
July 8 by
Christopher T.
Chenery,
President
of
the
corporation.
this
Harry
&
The
Philadel¬
negotiated by Albert
Water
Plan With SEC—
Under
Filbert
♦Deficit.
$14,067;
$826,760;
with
$385,720
___
profit
Current
& Share, plus $5,498',691 cash, are
acquired by Bond & Share from Electric Power
arm's-length bargaining and fair consideration, and
to
satisfaction
$1,765,456
2,353,597
(non-current), $38,125;
traveling advances, employees' accounts, etc., $6,216;
property, plant
and equipment (after reserve for
depreciation of $1,955,453), $2,309,570;
deferred charges, $115,865; total, $6,670,792.
taxes
been
company's
annual
asset
shares
Earnings
Balance at end
Net
been
without
per
sold
Prov.
$1,955,541
——
provided
and
39,741
$970,544
150,426
50,744 o
—
preferred
the committee
Evans Products Co. (&
Other
30
the
Dodge Manufacturing Corp. (& Sub.)—Earnings—
__
the
have
purposes of the plan.
After this return of these
phia,
sales
have
considered
considered
of the company to qualify as such and to make
distributions
income and security profits in the form of dividends
so as to relieve
all or substantially all Federal income taxes.—V.
167, p. 1468.
Period End. Mar. 31—
June
on
the
for
It from
Net
:
—V.
owned
to
therefore
cash
1948, $321,046 in 1947,
intention
of
to
and
chares* of
and
1,444,284
committee
•
be
1,450,392
Federal taxes
preliminary
profit before taxes
Provision for taxes.
receivable
also based many of its conclusions on testimony
witnesses and other information supplied by the
other
;
274,772
full
$968,392
stockholders'
between
allocated: entirely
■
do
$1,179,736
211,344
vi
an
largely
by
case
the
only
holders
$860,470
the $6,409,562 net unrealized
on
long
companies
made
by
/ '
contract
STATEMENT OF, FINANCIAL POSITION, MARCH 31
program
allocation
The
Poe
NOTE—No provision has been
of
Net
Interest
4.
taxable dividend distributions,
JOf which $240,894 was charged
to
new
30
deprec._
before
profit
as
tExcluding security profits and losses.
and
own
states
11,426
241,806
$0.97
•
stated
company
31,733
$1,102,276
224,049
-
the
June
on
stockholders.
The
Expenses
<
The earnings estimates, construction
were
of their warrants.
$1,019,420
12,246
■
Interest
1946
$1,298,036
45,832
8l,o^b,ouu
to
The main features of
states the future annual
shares
1947
$1,568,605
proceeds
result
a
Non-operating .x?venuei.-w*w.-u-w-
fair allocation
by
It
6.
cash
their
a
Share,
Dividend Shares, Inc.—EarningsSix Mos. End. April 30—
as
operating profit
Deferred development and
complete
Atlanta, Ga., investment
166, p. 853.
past three years Assistant General Man¬
ager of the
Potomac Electric Power Co., has been elected
Treasurer,
succeeding William H. Evans, who, in addition to his duties as General
Manager of Diamond's six
silicate-producing plants at Cincinnati,
Chicago, Dallas, Jersey City, Lockport, N. Y., and
Emeryville, Cal.,
has been acting Treasurer since March
2.
Mr. Crossley assumed his
new duties
July 1.—V. 168, p. 44.
♦Net
came
Gross
Non-oper.
Crossle.v, for the
Income—cash
order
Quarters Ended March 31—
to be $20,600,000 in 1948, ranging up to $26,160,000 in 1952,
averaging $23,560,000 for the live-year period.
3. The
Almno
properties,
together
with a
relatively small cash
adjustment, are considered to be the reasonable equivalent in earning
power and value of the preferred stocks of Electric and, therefore, a
-
Diamond Alkali Co., Cleveland, O.—New Treasurer—
Arthur
of
company's Fairchild
System
director.—V.
a
inclusive.
of
2.
Deere
Directoiv—
a
&
..
500,464
,
earning power of the Almno System
to be $9,088,000 in 1948, ranging up to $13,791,000 for
1952, averaging
$11,578,000 for the five-year period.
1693.
p.
the
to
the first
1948, the System input of subsidiaries
common
corporation
testimony given
1.
arc beneficiaries will continue to
outstanding common and preferred
the
of
167,
■"
July 1,
company.
|> family and trusts under which they
.
this
factors
given
Harriman
of
additionar sets
announcement
;
amounted
Biewend-Johnson
tion of
principal underwriter.
sale,
joint
experimental installation.—V. 167, p. 2788.
Operating
with the SEC its suggested fair allocation of assets and earning
tion
common stock are to be sold for the account
by Charles H. Deere, son of the founder of the
created
ot 25
awarded
a
Falconbridge Nickel Mines, Ltd.—Earnings-
committee several months ago employed the services of an inde¬
pendent expert, P. Haroid Peterson, 52 Broadway, N. Y.
Mr. Peterson
prepared an estimate of annual earning power for the years from
been
The 250,000 shares of
|
the
The
the
the company.
to
accrue
production
.
1948
1947
i.--_- :$ll,316,295 '' $6,853,241
799,214
484,484
_
corporation
1948-52,
proceeds
to
Filed with SEC—
power
The company on July 7 filed a registration statement
with the SEC
covering 250,000 shares of common stock, to be sold
by certain stock¬
holders.
has been
"Flying Runway" was demonstrated on a
C-82 Packet at Idlewild Airport, Long Island, on
May 15.
The present
Suggested Fair Allocation of Assets and Earning Pow¬
er
agent.
Ripley & Co., Inc., has been named
.
construction
gear
according
Materiel .Command,
17,315,000 kwh., or 26.7%, over the corresponding week of last year.
Deere & Co.—Registers with SEC—
(
date.
the
and
of
the week ended
^For
■
other
!
future
a
oflicers
with
Co.
for
Division,
the corporation and the U. S. Air Forces.
Designed and built under a development
activities
profit after taxes and charges—
filed
York
at
1938.
Kodak
Eastman
^Quarter Ended Mhrch.31—
The
New
contract
♦Loss.
Day Mines, Inc., Wallace, Ida.—Listing—
the
A
Electric Power A Light Corp.—Weekly Input—
The board of governors of the New York Cilrb
Exchange on July 7
authorized the original
listing of 2,886,575 outstanding shares of 10c.
par common capital stock.
/
of
of
since
outstanding
500,464
Earnings per class A '& B share—.——J—1 $1.60
—V. 160, p. 1399.
.
Bank
elected
Jointly' operated
Class A'& 'B' shares
Davidson Bros., Inc.-—Capitalization Increased—
National
be
principal
manufacture
Net
The stockholders on July 6 approved a
proposal to increase the
authorized capital stock from 1,000,000 shares to
3,000,000 shares.
There are 853,850 shares outstanding.
The company plans a 50% stock
distribution.—V. 167, p. 2787.
transfer
subsidiary
a
been
companies
Bales
r'Ari initial quarterly dividend of 6'/4 cents per share was
paid on the
$5 par stock on May J to holders of record.
April 20.
The old
received a quarterly of 25 cents and an
extra of 75 cents on
Feb. 2.—V, 15S, p. 1772.
Chase
.Fairchild Engine & Airplane Corp.—New Contract-—
/
Easy Washing Machine -Corp.—Earnings—
per
shares
The
has
Mills
N. Y., it was
V-v'£i.by
the Eastman
Now
it will be
Rochester,
now are >the production of certain vitamins,
high-vacuum .equipment and the manufacture of
molecular stills used in^the -chemical industry.—>V;: 166,; p. 2209..,
new
appointed
to
Its
Feb. ;27, 1948.
.on
as
the
for
174,680 shares of $5 par value.
The company transferred
$327,525 from surplus account to capital account.
The changes became
effective
operating purposes,
reserves
for pension
trust premiums, $21,688; capital stock
outstanding
(244,190 27/50
shares),
$1,220,953;
adaitional
paid-in
capital, $1,351,729; earnings retained for use in the business, $5,695,943;
total, $14,983,917.—V. 167, p. 1256.
$86,639;
stock
common
value
General
directors
into
shares
new
14, 1948, the' stockholders -approved ;
the authorized and
change
shares,
On
on
Products,' Inc.,. of
6.--.-v..yvHiV
Products
and
operated
(JV. p.) Coon Co.—Stock Split-Up & Par Changed—*;
has purchased froiA" General Mills, Inc.,. the"lattef'S
July
on
Distillation
v.■.-r"-'
Co.-^Acquires Distillation Products—
DistiLation
in
Kodak
new
.
track-type landing
^
.
ings. .:See,-.also V. .167, p, .44.
of
Aircraft
Wisconsin
.Nov.;
Insurance
Co.,
term
loan ,(non-current),. $4,000,000;
purchase contracts, payable in instalments (less minimum pay¬
$13,267, due prior to April 1, 1949, included in current lia¬
bilities), $331,545; other long-term contracts, $110,737; reserves for
general contingencies, $50,140; reserves for miscell.
♦Including fees accrued'and costs incurred under cost-plus-fixed-fee
contracts, after deducting allowance lor possible inability to obtain
••
•;*•";.•""•••
560,000
$$107,109
.
Prudential
ments
891,710
.340,000
•
.
$23,862
5
timber
.".15,000. .**•_——700,000
______
(149)
to
Feb. 28, '46
28, '47
$807,109
38,862
.
Capital Share's outstanding.—600,000
Earnings per shareii—' ,$0.04
used
CHRONICLE
$15,251,568 $15,981,164 $19,890,910
—J——
_
Profit after charges—^—-i
Income taxes
-j
L
Federal, inc. tax carryrback credit.
in
*
COMMERCIAL &
Douglas Aircraft Co., Inc.—Earnings-^'Quarter Ended—
\ Feb. 29, '48 Feb.
...
bottleneck
orders
*
Orders
v
:
;
.
THE
(after
reserves
for depreciation
of $836,922),
licenses, at cost, less amortization,
$56,957; total, $14,98?,917. ,
,
accounts
$97,510;
payable^ $424,984; payrolls and
maturing within
one
Other income
Total
;
income
1948
1947
$3,178,060
$2,367,444
943,809
15,855
605,977
16,420
—-—
—,—_________________
-
.
.
Federal and foreign income taxes-—
.
$959,664
-
$622,397
385,861-
—_
262,583
.
pay-
taxes, $430,702; accrued taxes, interest and other expenses, $143,Federal, state and foreign taxes on income, $1,054,952; portion
of long-term contracts
Felt & Tarrant Mfg. Co. (& Subs.)—EarningsQuarter Ended March 31—
Sales, service, etc._:
Operating profit —
year, $60,017; notes
payable
Net profit
$573,803
Common
shares outstanding—.
Earnings per common share
' ' -
-—V. 167, p. 45*.
531,060
_____
^
'
531.060
,,$1.08
_______—
-
$359,814
-
—
$0.68
.
,
'
.
* -
'"■X-x:-
tee,
•Net
Issue Placed Privately—The ;
company, it was announced July 6, has placed privately
with the Metropolitan Life Insurance Co. $35,000,000 of
3%-5% sinking fund collateral trust bonds. The funds
are
to be used in the construction of seven tankers
chartered to the Socony-Vacuum Oil Co., Inc.
Ships, Inc.—Bond
York
New
Co.,
Trust
Colonial
The
has
appointed
been
•
is
trustee
Calif.,
equipment
sales
income .-after
the
tax
income
1947
$2,284,334
488,834
424,232
!; 177,300
Earnings
per
outstanding
shares
$311,534
559,617
$0.54
570,985
share
$0,95
common
'
167, p. .1363.
155,000
;
$269,232
423,400
'
Oper.
$0.47
in covering
placed
Communications
bid
825,644
Operating expenses
Elect,
gen.
1,583,161
for resale-
31,830
purch.
Maintenance
Net
for taxes—
Prov.
Fed.
288,393
.income
% -
•
304,200
756,900
250,038
1,018,356
be
synchronous
of
860,575
11.
increase
no
condensers,
and
$2,827,414
13,748
85,521
239,557
$585,108
$1,823,721
-
income
Net
I.
Parker,
of
of
Earnings per
Quarter
Net
of
has
the
Ended
general
$585,108
1,000,000
$2,017,197
1,100,000
$0.54
$1.69
in
purposes)
and gain or
after
who .retired
March
(& Subs.)—Earnings— ;<■■
/
-
31—
that
letter
a
etc.—.
expenses,
deferred
directors had
its
stock
common
quarterly
which
of
declaration "of
the
cents
20
dividend
a
—V.
for
contingencies
.
'
•'
'
'
-
$7,155,176
"'.Based
-
net
on
profit would
in 1947.—V.
Net
immediately
;
'
^Eqrn.
preceding the declaration thereof, the company states.
has been granted a rehearing by the Comniission.—
2578.
p.
.•
,...
.
Products—rt
Inc.-
i
,
.
Machinery Corp.—Quarterly Earnings, etc.—
Reserve
for
past
further
lip
On
directors
reserves
March
incoming
7
the
years,
31,
order
for
1948,
has
have
built
been
decided
out
up
that
it
is
inventory losses during the
unfilled
orders
amounted
to
unnecessary
to
set
5,575,463
$1.24
tries.
Because
of
exchange and
interests of
best
service difficulties, .it was believed
stockholders
CONSOLIDATED
to
sell this
INCOME
Interest
-Sells.
Income
'
leased machinery
Total
for
V.
Net
(net)—
expenses
Federal
on
♦Based
666,000
$1,264,680
common
stock
$1,629,948
share
$1.22
now
outstanding.- -V.
$1,264,680
$0.94
167, p. 2685.
For
the
second
the
on
The
payments
were
four
p.
quarters,
plus
an
extra
of
cents
25
Jan.
on
25
cents
per
50
cents
on
share
Jan.
In
1948.
2,
in
2,
each
of
sales
™__A—$11,994,870
income
Common
per
•After
outstg.
853,574
sh.
stock
about
the
of
of
6.1%
stocks
North
gross
the
stock
preferred
of
and
share of
1947„
■
income
after
853.574
$0.35
$1.18
$1.05
for
the
-
12
£,
months
"'Net
2,600
income
"••Eefore
April
before
30,
1947
166,
1948,
General American Transportation Corp.—Places
trust
..
net
and
was
$187,006
^
paid
cum.vconv.
.
...
net
loss
profit
on
on
$928,457
$171,769
in
or
136,045
*—
sale
of
of
1948.
sale
•
investments
investments
.
ASSETS—Cash
including July 1, 1968...Maturities to .and including
incllKling^ July 1, iS68. .Maturities to and including
July 1, 1953, bear dividends at the rate of 2%, the bal¬
rate of 3%%.
trust consists of
hopper
a
The equipment covered by the
total, of 1,246 new tank, refrigerator
cars.
18,605
Trust
New York
168, p. 46.
of
Co.
stock.—V.
has been appointed
1948—Month—1947
•
of
Capital
Industries, Inc.
American
(&
BALANCE SHEET,
in
bank:
1948
to--$189,465
shares
1948
;
LTABn.ITIE^Intere6t
47,000
1,156,075
$0.04
outstanding
2361.
(& wholly-owned Subs.)—»
1948
deprecia,tionL.4.i_-———-B—B—
$1,642,921- $2,051,892
308,161
Provision for depletion and depreciation.—-.
Profit
Income
from
from
operations^—-investments, rentals,
——
gains
$1,334,760
•
5t°ck
p?
if
-
310,246
$1,741,646
from
67,704
sundi'y sales of stumpage, etc
Miscellaneous-
and.
Provision
other
charges
19,238
$1,402,464
;
$1,760,884
3,975
:
for estimated Federal income taxes—
529,600
3,606
668,000"
in
^
pulpwood
dated in
-
-
inventories
prior years
For contingencies.
^
^
involuntarily
$868,889
$1,089,278
50,000
Net profit for the period—
Appropriations of net profit—
'
For estimated excess cost of replacement
♦100,000
of
liqui-
———-
.50,000
^a'.Balance transferred to earned surplus*--—i-
$768,889
Earuihgs before deducting appropriations
Earnings after deducting appropriations.—____
$0.R7
$0.77
$989,278
b,
$1.09
$0.99
ZT^ace.e^t'o( uu>p^
made in the
dividends payable, et,, V$«BCS;
rtnp
.fnr
BPritviH*.®■ innnpri
opoincr
Jtmv
inventories involuntarily liquidated in prior years
I dni*Voy~seciSinties,Vro.aned "aVaihst nnsh "*$27 inn.-,
cash
lC/0;^due; 'Tor'^securities' ^inventories involuntarily.liquidated iii prior years was
-purchased, $55,908; accrued expenses, taxes, etc;.- $22.378B;3^.'-'debeni report for the first quarter of 1947 because permission
tures, due Dec. 1. 1960, $2,650,000; $6 cumulativ^penveqtihl^ipr.efer.re.dr-4not received from the. Bureau of Internal Revenue until
accrued,
1947
profit before provision for depletion
-
3
MABCH ..ai^ XMS
*
1947
$4,500,000
42,555
1,239,355
$0.03
share.:
per
107, p.
and
of
$279,305;
transfer
$1,946,715
—
Three Months Ended March 31—
,
appreciation
16.
Subs.)—Earnings
,
-
-
Great Northern Paper Co.
136.045|if^>.il36,030i
$241.236. in
the
1948—6 Mos.—1947
profit
Earnings
2,725'
investments in U. S. Governme'nt securities (at cost), $803,453;, investments in other securities,
$19,057,600; dividends and interest receivable, etc,p$lQ3,571; '< receiv¬
able for securities sold, $28,985; special deposits for dividends, ■ etc,;f$17,468;
total, $2,1290,383.
certificates, series 43, to a
The certificates, dated July
and
ana
and
Net
-
amounting
on
cents per share
sales
'
share
$19,314,736 $18,391,953 $98,699,571 $95,626,698
Net
—V.
$141,505
$139,229
cents per
167, p. 2578.
Great
5
Equip.
dividend of 25
a
Quarter Ended March 31—
i
the par value
also on the
Grant Co.—June Sales 5 02% Higher—
(W. T.)
.
changing
consider
value to $10 per share;
2'/4-lor-l basis.
payable Aug. 27 to holders of record Aug.
Period"End. June 30—
investments on Maich 31,$85,531 less than on Dec. 31,' 1947;; 7'
b \
•
unrealized
$20,696,
.
30
capital
Sales
—V.
and
1945
B
2.679
_
a
of
Guaranty
for
Value
on a
declared
stock,
will
28
no-par
13,250
19,963
2,417 b
July
$6
on
pref. stock
NOTE—The
equipment
,22,593
..
19.875
-
have
in Par
Change
Shares to Receive 25-Cent Div.—
equnalent to 56 U cents per share on the present outpar value
shares, which have been receiving quarterly
no
agent
$176,036
$184,468
29.919
23,529
19,875
Dividends
.
ended
$1,403,471, while net sales amounted to $40,066,661. —V.
small group of institutions.
$217,980r%:
$233,010
income
expense
Taxes:
955,980
853,574
.
taxes
1948—9 Mos.- -1947
'
$8,160,000
be
standing
The
,
45,478'
40,454
on
stock from
common
will
div dends
.
155,165' 'l30>384Vr "113,455
35,476'-:
are
including
Co.—Plans
Union
capital
increased
^$27,399, *.■ ^:$13,$17,153
securities
the company's complete lines of pas¬
tires, implement tires, solid industrial
industrial tubes.
statement follows announcements of price increasesby several other of the major rubber companies.—■
tubes,
Split-Up- -New
directors
The
218,108
Dividends
Issue Privately—The corporation announced July 7 that
it has negotiated through Kuhn, Loeb & Co., the sale of
at
-
all truck tires,,
0:1 Urge farm
farm
tires,
inner
stockholders
the
This
31! V. "r.
f- V-1946 B'
was
increase
truck
made
p.
The
$202.63
oommon stock.
ENDED. MARCH
.
to 6%; truck and bus tires
to 7 V2 %, and all tubes 6%..
retail list prices of tires and tubes manufac¬
announced cn July 6.
Effective as of that
in
proposed split-up of the stock
gross
$5.50 per
>r-
,
1150.
..
$14,902
Interest
1,073,378
the
by
all
Goodyear
167,
Stock
American. Co.,
of
manufacture."
lire
company
and
and
Grand
•
stock for,79.8.%.. The-company's
FOR QUARTER
EARNINGS
Taxable
General
317.581
,;
charges and taxes.
was
ance
.
assets.
14.1%
were
Income—Interest
165,
853.574
$0.49
com.
NOTE—Net
on
The
$7,164,184 $31,246,163 $20,333,823
433,142
shares
Earnings
2660.
in
our
price rise ranges from approximately 5% 011
passenger tires and up to approximately 7l/2%
Operating
1948—3 Mos.—1947
in
previously
Corp.—Quarterly Report—■
common
in
increase
the
Covered
of this corporation for the week ended July 2,
144,175,554 kwh., an incret^ bif' 22,6^&&^icwh! or
week of last year.=~V; -167; "p. 2788;
and
announced price increases on tires and tubes
and 7l/u'/t, "due to substantial wage increases
plants as we.l as increasing coUs of most
6
July
on
used
by
tires
^•
........
$2.34
requirements.—V. 167, p. 1803.
preferred dividend
general
senger
1
Period End. Apr. 30—
1948
.f ^
.
$7.59
share-
com.
S
2,380,797
.3,390,460
$3.29
tiros.
the asset coverages were 794% .for the funded debt,
Total
P.
6%
corresponding
.
7,655,417
$8.03
—
110,380.G87 112.283,607
date, .the
Corp.—Weekly Output—
1948
1947,
1947.—V.
13,762,581
1945
$
165,920,725
20
1946
$
Goodyear Tire & Rubber Co., Akron, O.—Prices Up—
A
tured
output
common
,
quarter, the company has omitted a
shares of common
stock
(par $1.25)
out¬
payment was
made as follows:
Froedtert Grain & Malting Co., Inc.—Earnings-
♦Net
-i>
APRIL
1947
farm tractor and implement tires 6%
—V. 167, p. 2886.
Parts Prices—
'
ENDED
MONTHS
5% ;
changes,
168, p. 45.
accounted ftfr 8.0%
consecutive
500,000
last
2557.
Net
price
12
THE
Passenger-car casings were raised 4M>%
' f"
1
45.
p.
share
per
(Peter) Fox Brewing Co.—Again Omits Dividend—
standing.
July
latest
the
over
1947,
31,
dividend
.
its largest holding,
Taken, as: a whole, public
assets, oil stocks 16.1% i
building, equipment and renovation companies -7.2%;, : and chemical:
companies 5.4%.
:
..... •./%
.1;
;
Net
assets
of
corporation,
before
deducting funded debt;': were
$20,161,724 on March 31,
1948,
as
compared. with $20,301,364 on
Dec. 31,
1947, and $21,042,286 _on March 31, 1947.
Net assets oil
March 31, 1048, indicated an asset coverage of 760%for the 3%
debentures, $192.96 per share of preferred stock and $4.95 per share
of common stock after deducting $105 and accrued dividend for each
share
of preferred stock
Tne net assets on Dec. 31, 1947, were
equivalent to 766%
for the funded debt, $194,50. per share of. pre¬
ferred stock and $5.06 per share of common stock, while on March
56,875
common
1,337,620 shares
on
electric
represented
781,644
dividends
per
the
amounted to
investment
13,079,045
1,032,876
taxes
$1,686,823
Net income available to
•Earnings
with
168,
folio
13,937,045
inventories
income
income
Preferred
vf
Total bond holdings of corporation, as slibwri in its.quarterly, report,
represented .about 6.2% of gross assets while the preferred stock, port¬
941,646
FOR
requirements.
190,316,696
recently- effective
of
1947
1,094,654
processes
$1.04
825,443
(B. F.) Goodrich Co.—Raises Tire and Tube Prices—
to
$16,656,744 $15,791,369
possible loss
for
The
18.9%,
utility
costs and
Prov.
Provision
i-l
and
income
$1,083,315
$2.13
ranging botween AWo,
careful
added.—V.
1948,
$15,562,090 $14,849,723
from
Total
Corp.—Increases
on
General Shareholdings
1948
net
$2,126,131
892,000
$4.31
per
0After
Distillation
in
above^V. 167^. 941.
General Public Utilities
equipment.
3 Months Ended March 31—
Sales,
$4,066,533
892,000
V.
'
2,341,000
6,509,530
preferred dividend
"■Earns,
the over-all average increase
in the retail prices of General Motors replacement- parts-since the fall
of 194o amounts to only about 46%
as contrais«e<t-ctovratt^jSKea-ise' of
70% in the consumer price index for the same;.period, the announce¬
ment
ACCOUNT
3,424,315
1,717,000
$2.19
proiit
$0.98
,
for the first quarter of 1948 was a profit
in the
amount
of $380,250 before
taxes resulting from the sale of
equipment manufactured in previous years and leased in foreign coun¬
3,843,131
6,684,440
1,277,594
sales
Price
a
Even
Included in the earnings
17,260,533
1,753,650
Net
$2,658,343
adjustments were made on an individual item basis
study had been made of the cost of each' part.
The
weighted average of the current adjustment in prices is approximately
'
5.9%.
'■ '
current year.
$15,259,642.
The
8,692,724
3
rate
during the first quarter exceeded the rate of
billings to customers by a small margin. It is anticipated that back-'
log of unfilled orders will be reduced during the second quarter because
of heavy deliveries
to growers and processors.
the
corporation
after
-
d 11K
4,146,230
$4,071,130
com.
EARNINGS
that in order to offset increased costs,
has .increased the prices of some of its replacement
announced
was
parts.
of profits during
the
past several years to provide
for future inventory losses, obsolescence of leased
equipment, patent litigation and other possible
contingencies.
On
March 31,
1948, the reserve for contingencies
amounted
to $3,879,344.
In view of the large amount provided in
contingencies
Kill
il IOC
__
materials
General Motors
It
this
Food
:
4,396,688
share-
"'Alter
-v
|See fiastm^h -kodak Co.
;
.
17,855,301
1948
5,575,463
1945
1946
1947
.
oni)
Dam.
167, p. 46.
Mills,
-
9,209,345
n
shares outstdg.
per
Company
company
The
V. 167,
1948
$102,322,159 $97,758,709 $54,277,102 $55,512,853
3,344,000
&
profit
Common
.
months'.
(& Subs.)—Earnings—
April. 30—
Inventory reserve, etc.—
.
General ^
$0.65
$0.33
2,787^732
$4,150,881
1
282,453 -
847,359
—2——r
taxes
income
before appropriation for contingencies the net
to $1.42 per common share in 1948 and $1.15
be equal
$184,175
.
$5,446,075
2,787,732
profit
129,315
$278,148
*
-
.,216,563
Surplus for period
Common shares outstanding
of the issuance of first mortgage bonds, the Commission determined
that
the
company
was
a
public utility a£ defined in the Federal.
:;i Power Act and approved the bond issue subject to certain restrictions
on the payment of common dividends. ~
-tv
l'
: 7:7 The
qffeyt of the restriction at the present time istto limit the
;; payment^ of
cash dividends on the common stock to aftyamount not
exceeding, 75 % of the net income of the company available, therefor,
,
313,490
1043.
Federal
State,
,
.
$9,969,542
$12,982,699;;$iO,384,891
dividends
"Earnings per common share
1947
$2,283,210
483,420
™——
share
per
167, p.
Net
1, last.
''rT'T
X.,
Upon application to the Federal Power Commission for authorization
■
205,272
' Net. sale,
Net' Pi oHt after exps.
*'•
:i±'BB4,669,415% 3,756,467
-2-. . 1,000,000-'; 1,000,000
profit
• Common
be
] tor liny inconsecutive: calendar, months ,;within the 15 cakdndarf
-Earnings—
*
—
Six Mos. End.
__A'£t\^l;/j68;l03I-'^f,"T82,349
-
share
per
',*■
r
the.
on
taxes——™.
taxes
Earnings
.
v
■
'■ ' :
—2-2
—
taxes
Net
30
payable on July 1. Regular
each were made on Jan. 1 and
would
normally
distributions
:
_.=•
693v795T:^: 415,349''
Appropriation
April
7
.<
*-"-1947
22-($l2,288v904;
income'
Income
cents
10
$2,466,241
income
JtriSi;vi"93/27i,^4"l-rf73;262#d44 «• \.Nek inco.rae after depr.,
depletion, etc. ^
_
income
Total
stockholders, announced on June
to
of
1948
profit—
1
Capital shares outstanding
years',
-ii..
Preferred dividends
in
company,
43
*-:■
profit
Interest
Florida Public Utilities Co.—Omits Dividend—
The
Income
$1.62
$0.55
Other
1,000,000
property
of
dividend
a
1948,
action,
—
before
■
Operating
(amount equivalent to estimated
taxes on income by reason of a loss for tax
loss per books.—V. 167, p. 2028.
Federal
reduction
company,
elected^.-:.Gom-merciah: Vice-
been
sales
Selling,
242,100
$642,773
from sale
Profit
sales
Cost
$1,541,210
'
1,100,000
This
Ended March 31—
sales
Glidden Co.
$1,783,310
share
com.
•Resulting
12 Months
Not
'
.
shares—
com.
declared
23
1948.
Giant Portland Cement Co.-
of
'
Vice-Presiden^^^l'^'^J.;^'
Chicago,
succeeding W. O. Batchelder,
effective July 1.—V. 168, "p. 45.
service,
1,114,027
193,475
_——
surplus
Balance,
No.
$642,773"
—
•Special credits
15.
r
'
r
$1.03
$0.85
payable July 30 to shareholders
the company announced, was
taken in recognition of
the • demand for conserving work.ng capital
necessary to expand volume in the coming fiscal year.
Distributions
01 20 cents per snare were made in preced.ng quarters.—V.
16/, p. 2783.
price
,
June
011
July
Not
$2,655,237
260,465
deductions
Income
'
,
347,326
$0.45
147.617
$0.19
quarter end.ng June 30,
record
152,793
$2,912,935
1,089,214
;;
$903,238
—
' '
frequency,^changers;
-
■
General Foods Corp.
income
Gross
because
•_'Xffi
large
"
-
R.
$2,502,444
$824,665
2,065/.
(net)—*
income
$810,917
$901,173
income
Operating
Other
that
1947
1948—9 Mos.
$9,996,496
790,949
653,637
.
figure.
directors
tne
of
•
necessary
hydraulic'^kurbi^
on
highest
Halves Dividend—
transportation and. because? of, the. *8%<*■
.
President,
"
profit after taxes—
per
share-™
,::Corrccted
The
indicated
company
would be
products
June
New Commercial
515,300
322,905
will
said.
991,721
345,100
.——.—
lines
be
to
are
$3,762,713 $10,431,325
$3,767,593
'
.
taxes
taxes
Other
There
the
announcement,
certain
on
increase awarded
wage
94,434.
973,707
1,195,242
1,071,525
242,547
255,077
previous
a
1948—3 Mos.—1-947 •
'
—
Earnings
au'ractiiohs.
sports events and other
higher costs of materials 'and
2,596,491.
117,384
.
271,106
—
depreciation—
for
Prov.
4,500,594
804,592
37,328
elec.
for
used
Fuel
In
increases
$3,349,789 $14,515,596 $11,260,160
2,725,487
3,028,181
650,588
$4,574,811
(electric.)
revenue
properties
^il.iams and associates for $2,300,000,
167, p. 2788.
Period End. Mar. 31—
Prices on industrial motors and generators larger than onehorsewill be increased -5% and on industrial control equipment; 10%,
effective July 1, the company has announced!
" "1
,
1948—12 Mos.—1947
1948—3 Mos.—1947
Period End. Mar. 31—
Frank
The
territory.
surrounding
ana
five submitted.—V.
Sales
power
Oper.
>
Gerity-Michigan Corp.—Sales & Earnings—
Announces Motor and Control Price Increase—'
(& Subs.)—Earnings-
Ga.,
Charles
to
of
for
,
Florida Power Corp.
21—"
Commis¬
$250,000 order
a
l.to June
',1948 "/% 1947
$1,223,830
$1,179,993
2783.
P.
Americus,
sold
,
has
company
<!b—Jan.
1947
$49,250
-
$56,050
(est.)—
This company, a subsidiary of The Southern Co. and The Common¬
wealth & Southern Corp., on July 2 asked the SEC for autnority to sell
all of ics gas distribution
properties and business in Co.umbus and
m
Electronics Park has shipped
at
company
167,
1948 1
•
Georgia Power Co.—To Sell Properties—
$0.80
166, p. 2209.
Don Lee Broadcasting, Corp. at Los Angeles,
for
.
revenues
—V.
5828,688
Week End. June 21
/
•
1,041,oj4
.
experimentally since 1931 to become the oldest station iii,
States
operating
on
a
regular- program' schedule,
the
United
the station
$0.58'
,
" t
~.-i
with GE for post¬
war
television equipment to use under its newly-announced' permit,
The station, which serves 20,000 television viewers in the metropolitan
Los Angeles area, wi.l criange its ca.l lettersrii'om
vVeXAO' to> KTSL;
Equipment furnished by GE includes a,, high-powered:. transmitter,
complete studio and film .units, and mobile equipment; to be used by
1946
$2,896,657
'
$547,561
profit
Net
Common
—V.
taxes.J
and
chgs.
f ;T'"!'
1945
$487,384
1,.041,594
RR.—.Operating Revenues—
Georgia & Florida
/;•'
?
!
1946
charges, etc.—V.
commercial
start
broadcasting
1948
$5,046,544
892,561
345,000
31—
——-
—
has. been, appontcd .trus¬
1947
authorized by the Federal
operations.
recently
to
this
that
announced
Monday,*' July 12r 1948 ?<:(&
-
EquippmehV(7Pru4t,', sedesW43f.'.
General Electric Co.—New Contract—
It
sion
Three Months Ended March
income taxes,
After Federal
television
Firth Carpet Co.—Earnings-
Net
York
New
$1,411,494
$1,549,686
l,u44,o75
.1,041,594
$1.20$1.43 "
profit
Operating
Net
of
1948
Capital shares oucstdg—
Earnings per share
indenture.
the
Federal
Co.
andT registrar of the
Quarter End. Mar. 31—
Field
under
Trust
States
agent
CHRONICLE
CONSOLIDATED' EARNINGS
gj
941.
United
paying
Vice-President in charge of the
succeeding Sidney M. -Hoyt, resigned.—V. 167,
FINANCIAL
&
elected
been
has
department,
contract
p.
Smith
Milton
The
of Maryland—New Vice-Pres.
Fidelity & Deposit Co.
E.
COMMERCIAL
THE
(150)
6
to do. so was
Aug. 22, 1947,
uDon
a
v
year.—
■:>
745.
Volume 168
Number 4715
-
THE
Greer Hydraulics, Inc.—Plans Preferred IssueThe common
capital
stockholders of record Aug. 2,
1948, will vote on amend¬
incorporation to provide for a reclassification of
through the authorization of a class of convertible
stock
preferred stock to be issued in series.
The purchase price in effect under the
is
rants
$4
per
common
share.—V,1167,
stock
common
p.
purchase
Operating,
Total».income
;
.V; Operating
Gulf Oil Corp.—Two Officials Promoted—
Gross, income
Branson, General Auditor, and Allen H. Lemmori, Assistant
to the
Comptro.ler, have been elected Assistant Comptrollers.—V. 167,
p. 2686.
Operating
1948—Month- -1947
$467,796
191,166
expenses
Amort.
of plant
adjustments
$37,818
$5,525,039
Net
2,436.888
1,909,503
30,000
386,672
304,000
4.000
4,000
107,429
income
taxes
48,000
,
110,009 (
373,218
:
809,570
764,723
Gross
Int.'
inoome
of
Net
Cr2,449
Cr2,471
1,418
$1,192,171
5,513
5,513
66,156
$107,264
167, p. 2466.
$118,347
18.V81
;
$1,126,015
Period End. April 30—
$1,723 ,880
Operation
'
Net
Amort,
of
plant
Other
Net
16,776
16,776
201,316
137,517
2,240,949
124,001
1,671,121
Net
$351,334
$299,599
Dr4,705
$4,925,231
947
$352,281
.
$294,834
$4,884,594
53,851
167,
54,955
69*2,975
of
$4,191,620
$2,939,272" *
current
period
a
$3,465,063
expenses,
situation
with
respect
167,
Operating
revenues
Retir.
—
to
ruling
a
xeserve
The
offering
by
60,000
-at
30,
of
share,
per
June
*
shares
$5
this
company to its
authorized but unissued
-
stockholders
no
value
par
recently extended from May
107, p. 2466.
was
1948.—V.
of
31
Aug.
23,
1947
letter
a
addressed
was
to
$73,715
$1,003,470
747,819
from
the
sale
connection
The
to
of
this
w.:th
69,664
2,917
35,000
$4:0,775.
Of
already completed
Va.,
"
and
.
Lansdale,
made
Pa.,
for
the
on
and
4,356
30.OS4
building
of
Pa.,
new
In
foundries
1947
to
1947
.
to
the
income
Pa.,
are
1,
as
loans
ratio
a
of
quick
conipared with 1.8 to 1 in
were liquiaated during the
cash
balance
gocds
assets
quick
will
*
preferred
NET
profit
Ope v., selling, gen. and admin,
for
Profit
Other
from
for
$2,188,814
'
231,146
Interest
notes
on
Doubtful
Provision
for
Net
Profit
11,0^2
11,542
on
real
estate
38,225
9,796
44,487
of
unused
Net
Cash
275
recoverable
excess
on
profits
Preferred
1,050,000
paid on
Earned
Earns,
$1,519,653
•
$13.20
$16.06
* $3.59
«
ENDED
MARCH
Earnings after charges, res. and taxes (approx.)
Common shares outstanding—
Li—_
Earnings per common share—
-
;T
•
■A:
W.
1948
A<
Bvecht,
were
7%
President/ stated
greater
than
a
that
"year
for
Co.,
the
on
salfes
$237,000
share
in
of
each
Witter
notes
New
common
York,
N.
&
stock.—V.
the
first
revenues..
,
Cash
exc.
been
«
,
-
.
deferred
•A.
-s;
charges.
$59,593;
iIvLL4BILITIESTr-Accounts
crued
salaries
total,
73,581
Net
of
20,275
preferred
stock
$48,766
1948
-4j
.
for
■
./,;
>
.>,/ •/■
taxes,
taxes—.
f__
building
and
and
contents
common
stock
921,697
U.
agents'
$1,944,125
$3,001,391
19,546,194
at
end
of period.
common
stock
on
.
31—
and
$1.09
etc.
of
1947 '
amortization
$927,177
—
for
Federal
income
tax
$194,730
—
and
Treasury
in
,
,vu
.
j,
.
vp;
.
.
Income
taxes
'•"'.79,726
Income
'
•/*
tax
iiL Net'
-..-/
;
refund—__qil—______
profit
1_—
per
commonj share..
'
,..;,;*.?Resulting from carry-back of. unused
in 'net
profit.—V.
166,
p.
2311,
;
$0.74
•
excess
'
.
$36,185
14,655
.
-
$82,638 "P
:P.141,550
$0.51
,
; ,;t
v
$37,-530 A
;
*M
of
U.
S.
1948—$1,517,426;
$221,090
'*•
;
1947
$785,322
$869,960
250,000
banks^
notes
(net)—
150,000
:
1,172,150 $ 1,137,824
;Ss; 913,484
152.304
leasehold
of
99,846
6,779,427
-
6,573,079
10,300
10,300
353,865
charges (less amortization)—^—
297,575
$10,012,034 $10,258/118
Accounts
assets
payable
York
_
New
for
1947—$1,-
accrued
Federal
income
accrued
Deposits
7,030,241
466,443 l:<
30,368,077 •
50,083"
295,545
5%
555,902
50,083
J.—..—
for
Sundry
Debenture
contra)
consolidated..
tax
and
$2,576,747
...
—
.
accounts
payable
2,503,682
1,317,459
contra)—
7
1,339,074
,
stock
.
96,343
;
balances.
132,957
1954's
,i_-———
——
Surplus from
retirement
Capital
($1
stock
>
Total
.
.
r.
^>7(96 shrapes pr6ferred!and. 77,916 shares
^corporation
oa-
1,682,840
>111,933
r
■
9,619,400
16,945,850
t
4,112,456'
:-
par)
366,380
G:r
•
•
•
June
Securities
2:)r the
and
company
■
filed
a
convertible preferred
registration
'
*
.
'"v.."/*
company
June
on
30
purchased
the
Hotel
Pennsylvania from
has operated
the Pennsylvania RR. Co., which through a subsidiary
the hotel since it opened its doors Jan. 25, 1919;
"The purchase agreement,"
said Arthur F. Douglas,
Hotels
Statler
within
hotel
and
in
June 30 and
Co., Inc., I'was signed
the next 60 days."-;
New
Martin
for
the
York,
W.
purchase
of
carried
were
Hotel
on
we
Pennsylvania,
directly
with
the *
-
.
President
expect
between
third
Mr.
Clement, President, and Walter S. Franklin,
of
tako
to
largest
Douglas
Executive
Vice-President of the
Pennsylvania RR. Co.
Purchase price of the
2,200-room hotel was not disclosed.
"The purchase ,is a cash transaction," explained Mr. Douglas.
"Acquisition of Hotel Pennsylvania-is part of a general expansion
program of Hotels Statler Co., Inc.
The Hotel Pennsylvania purchase
will be the first ever made by this company.
Statler Hotels in Boston,
Buffalo, Cleveland, Detroit, St. Louis and Washington have all been
by the company which soon will start the erection of a 1,400room
hotel in Los Angeles, Calif.;. Architects are now drawing
the
working plans for the latter hotel.
/_„
group
of
Statler
eight
William Penn in.
Hotel
statement
covering the proposed issue.
366,380
$10,012,034 $10,258/118
,
„
'
'
Exchange Commission
\
a
!
167, p. 1151.
"Hotels
,
shares of
1,596,015
1,408,308
built
r
July 2. announced that it plans to raise about
59,579
7,980,500
970,174
1,684,714
:
—
Negotiations
5,823,18b
common.-^V. 167, p. 2361;
6,929,000
—
debentures
Hotels Statler Co.—Buys Hotel Pennsylvania—
title
1,278,734
$83,377,902 $76,616,707 !
—
364,297
out¬
—
of
145,480
316,299
withheld.
standing
Deficit
This
109,360 ;•>
7,645,669,
/466,443
28,720,468
22,547,535
Drl,577,475 Drl,577,475
„—
178',957
53,3Go
31,54i
119,893
4,812
31,982
expenses
credit
v"?
-
1,373,524
6,862,711
(per
215,482
203,522
taxes
sinking fund income debenture
—V.
7
$3,537,757
2,589,446
109,360
—
*
' 7
278,400
years
collected
99,756
103,689
tax
interest
68,241
86,612
122,076
year
*
$83,377,902 $76,616,707
.
prior
or
insurance
retirement
12,343,566 '
34,758,946
not
current
Federal
366,560
assets
subs.,
skg. fund income debs.
for
„
299,848
(per
———i—i
52.450
5%
accrued
$718,548
Co.
on
income
taxes
12,077,621
7,939,857
Terminal
and
tax
Unemployment
Mar. 31,'47
10,509,811
10,711,669
process—
Realty
.
$18,580,220 $13,268,"321
160,908
160,908
-
fdreign
State
Sundry
Mar. 31,'43
$676,660
—
rent
Interest
taxes
$6,000,000 through the sale of
'stock.'
''
*
$0.27.
profits credit, "included
-P. > '
/•
.v .
$152,778
:
715,014
value
Federal
reimbursable items
fixed
!-This
l41,550 1
■
84,653
135,579
SHEET, MARCH 31
Total
Heyden Chemical Corp.—-Files With SEC—
•
141,550-
v—-
••
^ "Cr-16,000 *
1
,
$ 114,728
.Common shares outstanding
'Earnings
PiiLl
-
112,900
118,726
savings
receivable
f
/•
■
£'4,116
1948
hand
book
473,662
99,756
*
125,121
*
$1,027,884
430,935
86,612
76,582
profit
Deferred
1946
$140,064
-V 57,426
$886,311
Investments
$.62
'
~
products
and
."Treasury
v
$194,454
3,373
rent,
debentures.,.—
on
Due
$1.49
receivable
Advances and
:
^<*1948
1,583*
■'
deduction
444,131
S.
Net
.
outstanding-*.—
Reserves—Insurance
,
{
Net-profit before taxes—v
4,523
5,130
Prepayments
$28,720,468 $22,547,585 $16,507,459
.
>/^/Quarter Ended March
'
4,392
15,523,921
,
j
140,531
;
167397'
4,660
Inventories
$983,538
26,776,344
,
,
—
$1,181,440
fees
etc.—:
before
Accounts
658,355
.-
■
2,909,656
—U-
$1,051,$08
>142,526
3,325-•
transfer
amortization
Cash .on
109,360
921,697
...i
t
$2,038,008;
nc- v
$52,993; employees' "
Haloid Co.—Earnings—
1946
$4,091,006
.
3,491,083
>
$1,112,235
157,140
*
v
$4,542,292
19,934
on
f
1947
:
—i
etc..
COMPARATIVE BALANCE
$1,751,253
wages, $613,567; accrued taxes,
7,065,118
retirement plan accrued expense for
1947, $256,994; accrued Federal,
Contingencies'.
.'
1,582,840
:-.'A i,and State income taxes-r-year 1947, $1,050,000;
Miscellaheous
deferred1 ct;edi,t to- 7
200,212
,v;P,-....
•. provide
service: on oil' bottlers-, $18,596; ' comm&n' stock. '{par. $1), "
-cumulative preferred stock
(par $100).—
9,619,400
$115.1^15 earned fiurplu8.; $3,567,128;' capital surplus, $1,821,112;
Common stock
(2,711,336 shares, no par)
total,
16,945,850
$9,533,517.—V. 167, p. 1922.
surplus'!——:.—
;—;
S 7Capital
7 4,112,456
'.
1
~
) "V
' * ■ '
' . t. i, '
V
>P'
/>, Earned
surplus-7:^!::——
•
5,139
$4,662,990
3,550,755
expenses
expenses,
Net
1,071,133
16,293
$4,032,448
109,360
109,360
•V
payable—trad.e:;and other,
and
"$66,802
$16,640
>;
other operat-
sales and
118,281
3,105,845
12,783
,!.U,?;S:7ahd;foi#igh:taxfes;;bh
'
-
272,422
2361,
p.
Total
ZS'.-■■■■■■
295,067
1,740
taxes
Prov.
1946
11,083
Deferred charges
ago.
$9,533,517."
71,756
Rent
435,513
,
>
.
$326,328
"$16,716
interest,
ap¬
1595.
p.
1,951,158
profits taxes
,
.
$228,265
t
has
,
.Pa
11,241
$90,136
•
$2,849,762
'
*
16,036
$56,865
167,
estate
Other
Insurance
balance
$7,594,081
$2,975,18i
shares
Investment :in
.
'
$315,087
2,809
*
76,671
34,773
taxes!—
,
.
'
$212,229
:
available
Income
1947
$4,973,895
.,.,v
V
;BALANCE SHEET, DEC. 31, 1947
•
ASSETS—Cash, $930,938; c^sh, surrender,'yalue ot life insurance polLIABILITIES—. >;
ieies, $20,548; accounts receivable—customers (after reserve for doubtful,:
Accounts, payable■
!__
accounts, of $30,897X, $2,820,032,; accounts,
receivable—other, $51,838;;
Accrued; accounts
Inventories ( at cost cr market), $4,110,497; .invdstments ;(Ut - nomi-nal;
Deposits!for. returnable containers
> value)j>$l; property, .Je^s depreciationr—latia,", buildings,"machinery and./ rPreferred.;dividend^declared—
equipment Rafter reserve. for "depreciation or $1,049,2(H), : $1,540,070; r
.
1,378,549
$87,327
(estim.)_
.
P;
$1,693,636
1,299,824
$52,590
•.
Incoitte
Real
Proceeds
the
•
;
$1,512,054
343,001
4,275
A
$33,984,525 $35,664,566 $23,003,774
4,964,697
7,517,410
2,731,481
1
refund
Finished
quarter
1948—4 Mos,—1947
$430,328
income
Total
—
Other
for
47,500
324,993
"
Total* operating
Under¬
case.
164,
1348
Materials, supplies, and Wprk in
69,873 ;.
$4.28 ^
$2.06
' 163,055
>
1948—Month—1947
I
income
gross
ing
>
preferred
Co.
and
Y.,
9,198
depreciation
Postwar
$299,000
115,121
22,616,473
$377,583
income
Total
1946—$1,059,666.
Accounts
'
'
l.
—
9,449,000
71,137,636
19,768,294
1
163,055
1;137,636
ASSETS—
share
per
Cash
136,727
31
4
3 Mos. End. March 31—
•
Co.—Earnings—
ASSETS—'
*
$1,122,346
164,909
$215,747
313,422
QUARTER
$3,500,984
v
Hotel Waldorf-Astoria Corp.—Earnings—
CONSOLIDATED BALANCE SHEET
14,044
FOR
301,691
>
....
expenses
"Loss.—V.
fat# of one additional v
one
par
Dean
——
surplus
15After
95,000 '
paid
RESULTS
.
Trust
operations
Cr25,000
Earnings per common share—
.
on
2,633,420
*
..
&
income
796,348;
stock—
32,737
203,743
LIABILITIES—
acct.
credit--
common
dividends
770,000
$9,990,599
_—-^j—__—_^_77:23,924,723 if 23,415,333
$37,242,693 $33,740,359
Trustee's
Earned surp. at beginning of
period
.'
•
,
43,519
__
at
and
income
Net
.
296
-
so'.d
income
divs.
S.
Dividends
100,00o
2,349
—
tax
from
income
Dividends
43,062
189,745
Dec. 31, *47
26,363
$4,155,139
income
Net
■
and
promissory
deductions
build¬
84,050
$0.52
>
>
$13,087,863
.
taxes
$1.83
i
256,994
—„■
Fed.
held,
Inc.
short-term
operating
Foreign income' &
7,380
*
Mar. 31. '48
deductions
$89,838 '
165, p. 3394.
agent
income
U. S. normal and surtaxes and State
taxes
$71,898
the
at
held
8.807
'
Est.
and
Total, income
221,371
-deductions-
from
loss
371,770
payable
depreciation
off
Bank
Other
$710,132
540,475
ings, equipment, etc._
Employees' retirement plan
Miscellaneous
$2,519,960
SHEET
*
Income
'
$3,502,833
off
shares
Read" & Co.
pay
transfer
sales
Net
accounts written
shares
3Va
common
to
226,981
sales
$8,848
$1.46
each
Dillon,
Chemical
Other
;
$1.51"
$37,242,693 $33,740,359
Interest
$483,201
449,306
income
on
for
U.
$3,033,532
BALANCE
liabilities
and
2,543,591
234,436
"i.
—^
Income
277
Haytian Corp. of America—Transfer
Agent—
$3,029,792
3,586,601
$485,158
468,871
$4.04
....
construction.—V.
Net
$5,775,415
__
Discount
be
The
1945
4,756,334
operations
$7,768
3 Mos Ended March 31—
$7,809,896
"$1,418,100
5,154
937,743
share
common
revenue
Other
$90,115
706^
the corporation
1946
$3,785,566
—___
—„
Operating
the Securities and Exchange Com¬
covering 50,000 shares of series D cumulative
Xpar $2oV and 100,000 shares of common stock (par
seven
are
used
be
—
income
Gross
each
writers
:
.
share
will
.
liabilities
exps.
Pi
$72,603
share..
2467.
stock
common
INCOME
sold
$8,848
39
Hercules Powder
19*/
252,500
27,906
$20), to be offered cojnmon stockholders
31.
OF
"575,000
taxes
Period End. April 30—
rev.
fr. trans—
registration
a
pointed
and
year
Dec.
1,170,000
3,592-
;
income
Gross
The company on June
29 filed with
1946.
on
$742,812
Appropriated earned surplus
Unappropriated earned surplus—:
Treasury stock (Dr)__
$62,209
34,637
$7,808
-
—
new
a
bids
and
to
167,
mission
being
for
Plans
$37,966
3,230
Hawaiian Electric Co.,
Ltd.—Registers With SEC—
in
$32,292,877 $23,154,798 $14,685,910
24.482,981
17,379,383
11,656,118
Gross
4
p.
Quakertown
is
$5,618
2,655
income-,^—per
r
amounted
Progress
$5,152
(net)
charges
—V.
on
buildings
building at Norfolk,
new
additions
July 1, 1948.
nearing completion
sales
of
and
completed.
Years Ended Dec. 31—
Cost
-. -
and
l
SUMMARY
Net
capital
income—*..
cper.
Earnings:
expended
was
The
the
also
were
March
date.
sheet shows
substantial
a.
permanent
$1,993,100
•>( 47,500
-
early
an
bank
All
had
1946;
between
balance
1.98
as
$4,955,566
——
assets
Total
*
buildings at Lansdowne, Pa., Erie Ave., Philadelphia,
These last three buildings should be ready
Chester,
at
at
The
used
$739,221
4,204
37,252
Non-oper. .income
Jacksonville, Fla.
occupancy
asked
be
amount,
$466,409
under construction.
or
completed in
was
werer to
this
''
i'W'--'
stock
$1,988,896
Honolulu Rapid Transit Co., Ltd.—Earnings—
3,569
common
the
1946
1,838,532
Capital surplus paid-in—
56,390
2,917
income taxes—
Gross
company's building program.
receipts from the rights issued1 in 1946
total
■
$2,577,752
9,449,000
576,420
5,012
-
offering them 6,987 shares of common stock, each
the right to subscribe to one share for each ten shares
held, at $35
Per share.
At the time the subscription rights expired on Oct.
1, 1947,
6,970 shares
hod been
subscribed, totaling $2*3.950.
The
proceeds
v.*?
■
1947
income
Federal
per
Net
stockholders *
shareholder to have
;
1,920,185
Capital stock Issued—.
$844,640
49,083
82,957
Net
all
167,
"After reserves for
depletion, depreciation and amortization of $31,552,819 in 1948 and $30,943,328 in 1947.—V. 167, p. 46.
g 7.
6,729
Interest
On
—>
from
LIABILITIES—
1948—12 Mos.—1947
7,594
Hajoca Corp.—Annual Report—
■'
Co.—V.
'r
$3,909,081
-
Total
•
taxes
Net
and including
&
14,256
income
Current
35,000
77,370 *
of
stock, *'
common
to
of
of
statement
$4,941,309
Prepaid and deferred charges
Federal
issue
an
7
1948
2,503,517
"Capital assets
General
II. & B. American Machine Co.—Offer Extended—
be
held
7V
Total
5,457
accruals.
registration
$7,444,826
Special funds
of
$89,907
—„
—"
stock
common
Becker
G.
ASSETS—
,
June 30,
65,218
Maintenance
share
"Adjusted.
1922.
p.
new
would
!;■■■
t
ended
year
1946—Month—1947
Operation
A.
income
income
Current
for the
the State of California.—V.
from
by
'■.!
7'-;i'
'
CONSOLIDATED
of
reserve
underwritten
—
$12.00
selling and administrative
company
the
be
Dividends
Haverhill Gas Light
Co.—Earnings—
2466.
p.
made
was
Period End. April 30—
753,415
$239,939
793,908
properties
a'permit
$4,483,090
$298,430
income
mention
the
the
and
one
of
$2,939,271.
$12.74
of
report
of
that
stock
rate
the
as
■'7
operating
Deductions
$769,323 has been provided out of i
income, which amount is equivalent to the dividends received on the
investments mentioned together with the
company's share of the net {
income derived from other
properties which are being operated under
Dr 1,727
;
annual
will
income
Total
$2,145,363
and 34 Va %
the
$4,484,818
Dr40,637
Net
Other
'
in Southwest Exploration Co., both of which companies
which may be covered by this ruling.
The position '
such.companies, _as" a result of this ruling, has not yet been clarified. '
Consequently, in order to avoid a possible overstatement of income for i
264,612
amorriz
the
operate
1,423,802
'(net).;
offering
.
of
1,765,256
charges-
and
Co.
200,120
161,784
revenues
income
Balance
—V.
1,778,197
155,519
cper.
Special
Int.
6,776,689
1,149,321
taxes
Other
*
1,702,230
2,005,965
__
taxes
share
date
Gross
operating income...
Operating charges
.
.
647,582
$3,118,468
r.
20 -shares
2361.
';'7
Supreme Court of the United States concerning title to the Cali¬
fornia tidelands "and" of the fact that the
ruling might affect the.
company due to .its ownership of 281/2% in Long Beach Oil
Development
acquis,
adjustments
Federal .income
t
7,799,805
103,517
154,166
The
p.
'769,3231'/ 4*
■
later
expected
the
to
Net
the
1948—12 MOS.—1947
636,265
•
434,266
$3,887,791
"
such
or
was
common
at
It
is planned
to mail warrants
to
stockholders
after the effective date of the
statement,.
registration
subscribe will expire 14
days after the effective date.
The
dividend
rate, conversion rate, redemption prices and other
particulars of the new convertible
preferred stock have not yet been
determined.
"Tidelands"
.
stock for each
July
it
into
9,017,878
728,772
',
that
^stockholders
3 Months Ended March 31—
1947
$3,159,019
;.i;
said
convertible
Honolulu Oll Corp. (&
Subs.)— Earnings—
1948
-
^
L_-—_
income
1947,
193 ,333
Depreciation
48,354
$81,061
$30,306,842 $12,245,090
^Including crude oil, operating,
State, county and Federal taxes.
$1,140,186
,441
169
_
_•
received
Net income per capital
$1,471,841 $20,546,618 $17,578,203
675 ,692
Maintenance
.
;
be
common
7
immediately
Earned
1
Co.—Earnings-
1948- -Month—1947
revenues
-
—
tin
Operating
46,546
$103,232
.:.-J.decision;:'4-"4-''----—'
1
Gulf States Utilities
"
11,907'
$37,371
President,
would
to
13
effective.
becomes
Rights
$129,416
v
on
Estimated
"66,156
stock
'
California—Earnings—
tProv..
$1,206,342
30,152
.
$149,778
stock
2103.
p.
Net jncpnie,
Xort;00^tlng.-' arising- from
,.
$123,860
'
11,537
$1,393,098
1,588
Balance
-V.
170,446
Cr 205
$112,777
1
pid.
on
169,136
Cr203
——
income
Divs.
$139,237
14,165
$1,389,010
14,374
prern. on debt
Other deductions
166,
Dividends
$128,536
long-term debt.
on
31,650
$49,278
$26,281
Net >income.
4:
'
Amort,
?
468,947
25,500
"^Costs, operating and general expenses
26,284,593
Intangible development costs.'
497,054
Depreciation.:,and. vdepletionj.r.^__c—366,176
48,000
.
394,899
j
record
$623,863
'
486,579
Armour,
offered
convertible preferred
10,304
$668,007'
'*
113,394
•
Nine Months Ended March 31-GrossV/operating income.
acquis.
___
deducts.
income
Hancock Oil Co. of
$4,792,545
153,273
other
<
1948—12 Mos.—1947
$436,518
36,666
taxes
Federal
and
Earnings—
Prov. for depreciation-
General
Int.
-V.
Gulf Power Co.
$162,672
115,728
7,800
44—-4-
18,280
R.
first
$613,559
:<
B.
Period End. April 30—
Gross revenue
4:^ '
taxes—„1
B.
$649,727
2,446
$16i,043
•
expenses;
(151)
preferred
1948—12 Mos.—1947
$160,226
4,739
_
CHRONICLE
Subs.)—Earnings—
$156,307
income
.
FINANCIAL
1948—3 Mos.—1947
:»
revenues
NonToperating
war¬
847.
Period End. Mar. 31—V*
P
,
Federal income
Fred
&
Hamilton Gas Corp. (&
ing the certificate of
the
COMMERCIAL
of
•
Inc.,
up
to
was
now
has managed
Pennsylvania
Pittsburgh."
Pennsylvania
completed,
founder
Co.,
hotels—Hotel
built by
in
two
New
hotels
York
in
Its
and
the
but
was
,
the
Pennsylvania
RR.
Co.,
leased' ,and managed by the late Ellsworth M. Statler,
organization bearing his name.—V. 165, p. 539.
the hotel
&
COMMERCIAL
THE
(152)
Privately—The company proposes to issue and sell to
rfhe Equitable Life Assurance Society of the United
States and the New York Life Insurance Co., $25,000,000
1948
Quarter Ended March 31—
Sales •
Total
income
520,912
128,145
:'M'
Orbss
operations
from
income
4,696,183
$348,031
9,89i
$376,759
$326,917
134,299
120,090
9,801
5,735
$234,713
$232,659
$201,092
3,109,350
2,899,006
2,730,763
3,344,063
120,000
3,131,665
180,000
2,931,855
180,000
230,557
taxes
8,039
taxes
46,685
_
Net income
Previous
earned
surplus
$2,436,837
Total surplus
1,103,467//Dividends
Net
income
$2,258,346
$2,433,102
$1,333,370
14,555,378
—
-
begin,
at
surp.
11,759,159
10,768,178
period——
of
Accounts receivable
Inventories
Securities
3& ft
pfd. stock cash dividends—
stock cash dividends
V-
j
93,752
93,752
1,001,183
held
,iv
to
Bal.
per
payable
CONSOLIDATED
BALANCE SHEET,
,
,
,
,
Cash
,'
.
Govt,
securities,
Sdntiry
notes
*
It.'
'
Notts payable-
Hanks
—
1—
thrift
Federal
others,
pursuant
556,918
3,923,318
1,094,935
492,541
i
40,000,000
—
debt
Canadian
for
other
exchange
292,838
PHjferred stock
($100
stock
26,831
10,000,000
24,454,980
2,995,701
15,497,223
29,792
10,000,000
22,248,510
1,487,978
13,097,326
166,312,812
par)
(stated
132,102,287
company—
——
value, $10 per share)
surplus
Capital
Eftl-hed
1.200,000
2,951,665
surplus—
'After,
for
reserves
depreciation
amortization
and
of
$1,045,850
'
'
1948 and $943,473 in 1947.
Injj0
B.
13' 2788'
ing
is
at
contemplated
share
per
into
the
of
version;?; Underwriting
—
$52.50
two
stock
common
and offering
shares,.
price
will
not
issued'
3 Mos. Ended March 31—
Insurance
and
1948
taxes
and
1946
66,394
57,972
54,315
40,286
34,682
exps
_
.
.
before Fed.
ASSETS—Cash
and
equipment
and
total,
368), $1,989,519;
shares of its common
39,182
37,383
open
—
$115,883
and-coinmon
preferred
for
$168,373;
declared
but
dividends
unclaimed,
on
-
The
tioh,
over the year 1948,
including- interest refundable only on
$101,022; customers' advances for construemortgage 1%
sinking fund bonds dated April 1,
customers'
of
discontinuance
judgment
1941; due April 1, 1956, $545,000;
$12*619'
cumulative
stock
common
|oc
value
(2*3 4fln
nar
& Co.
i_
stOCk (par $10)
fcs
r\c£~
r^^
it
Securities
tional
to
coinmon
the
on
n6W
and
basis of
held.
The
acquire only
June
of
the
26,701
has agreed to purchase
stockholders.
Stockholders,
entitled
to
buy
rafe
of 9/50 of
be
used
the
a
for
all
inafprial
rolling
which
mill
at
nnn
using special forms of nickel rolling
material.
to
shares not
than
26.639
share for each
construction.—-V, -167,
it would be
rolling
held
p.
of
of
Service
Public
2579.
.
will
Co.,
Service
record July 2.
'
at
-
yt
.
"The judgment recognizes the position of International Nickel as a
Canadian company. It expressly provides that the company is not
required to refrain from doing anything outside the United States
which is called for under the laws of Canada or of other countries,
Department of Justice,
which started four years ago, has coifered the affairs of International
Nickel from 1902 until the present. We are gratified that the Department of Justice and the company have been able by mutual agreement to dispose of .this matter by tlis provisions of the final Judgment,''
"The
by
be
the
Proceeds
SoLf* prodacw5
import then own production into the United States.
entitled,
otherwise subscribed for
Public
shares
share
which
.
extensive
investigation
,
by
the
U.
S.
$58,839
$40,360
92,658
dividends
73,534
*40,360
'Exclusive of $56,130 charged to surplus from security
$490,594: securities,
in Irving Trust Co.,
deposit
on
transactions.
SHEET, MARCH 31, 1948
BALANCE
ASSETS—Cash
including U. S. Government obligations, $33,155, held by Irving Trust
Co., as depositary, at value based on closing market quotations March
31, 1948 (cost, $8,943,720), $9,253,222; dividends and interest receiv¬
total, $9,787,106.
able, $25,382; receivable for securities sold, $17,908;
LIABILITIES—Payable for own capital stock repurchased, $2,676;
payable for securities purchased, $83,553; payable to Investors Manage¬
ment Co., Inc., under terms of management contract (for quarter end¬
ing Mar. 31, 1948), $21,221; dividend payable April 15, 1948, $92,658;
accrued taxes, $4,929; capital stock and surplusgr-Investors shares SI
par value (less 33,923 shares held in treasury), 38^12,753: paid-in sur¬
plus, $8,517,679; undistributed net ordinary income, $22,305; undis¬
tributed surplus from security transactions, $19,830; unrealized appre¬
ciation on securities,; $309,502; total, $9,787,106.—V., 167, p. 2361.
Louis
Reynolds,
Manager
Vice-President,—V.
of
the
V.-P.—;
been,
has
Division,
Aviation
167, p. 2789,
(F. L.) Jacobs Co., Detroit—New Director—
Fred
the
L.
Vice-President,
Jacobs,
created by
year.—V. 1G7, p. 2789.
the
vacancy
has
death
been
elected
W.
of R.
fill
March of this
director to
a
Hook
in
Jersey Central Power & Light Co.- ■Earnings—
expenses)
9,787,558
480,497
258,877
1,640,301
1,177,301
385,215
373,899
1,499,863
1,495,592
taxes—
187,400
383,600
1,131,600
747,375
608,195
539,810
2,258,266
2,069,107
$793,696
$1,167,393
$3,962,488
4,526
4,481
19,880
24,240
$798,223
$1,171,875
S4.98T140
2,477,051
$2,510,089
.*
plant..... ;f:
utility
income
Federal
2,117,792
___
depreciation
for
of
taxes
Other
Operating income
income
Other
Income
Net
—V.
deductions
457,796
p.
$702,738
$2,130,167
____
income
166,
469,137
$3,982,368
1,852,201
$340,427
income
Gross
$4,962,90<r
1789.
Continue Higher—
Jewel Tea Co., Inc.—Sales
1948—24 Wks.—1947
$9,662,432 $68,381,993 $55,587,819
1948—4 Wks.—1947
Period End. Jyne 19—
Sales
$1&.280,522
7,828,248
2,841,227
—
Maintenance
Prov.
$4,841,372 $20,280,081
$5,296,230
revenues
Operating
1948—12 Mos.—1947
1948—3 Mos.—1947
Period End. Mar. 31—
$11,706,615
...
167, p. 2579.
Jones & Laughlin Steel Corp.—Sells Land—
Standard
See
Kansas
It
Oil
announced
was
below.—V.
(Indiana)
Co.
167,
p.
2133.
Soya Products Co., Inc.—Proposed Financing
.July
1
that
Kenneth
Van
Sickle.
Emporia,
Inc.,
plans shortly to offer approximately 2,130 shares of $5 cumu¬
stock at $95 per share and 78,000 shares of common
stock at $1.25 per share.—V. 166, p. 2420.
Kansas,
lative
preferred
Kennedy's Inc.—Earnings—
3 Mos. End. April 30—
Net
sales
of
all
Net inc.
before
Reserves
for
Res. for
Net
*
1946
$3,743,443
$2,746,487
205,550
411,318
238,014
78,109
15,000
148.770
30,000
156,318
95»187
$112,441
$212,730
$3,579,406
reserves
Fed.
'
income
1945
taxes
contingencies—
NOTE-^-Earnlngs
/ >
1947
$3,986,714
391,500
1948
depts..
income
on
,
per
common
share
after
15,000
$240,000
preferred
$142,827
dividend
quirements were equal to $0.64 in 1948, $1.31 in 1947, and
1946, based on 150,000 shares outstanding.—V. 166, p. 2662.
-
$1.49
re-;
In
Kent-Moore Organization, Inc.—Earnings-—
•
SS.
statement with the
00,000 shares of addi-
shares
other
additional
in
registration
Commission covering
stock
($10 par)
to be offered to its own stockholders
one new share, at $12.50 per share, for each
10 shares
company's oarent, Pubiic Service Co. of Indiana, plans
but
wul
a
Exchange
62
rniiinfr
it/ iwn
material to other foreign producers of such material or of rolling mill
filed
21
tn
"(2) If International Nickel should have occasion to sell nickel
'■
on
n;rt.p1
nf
May 16, 1946.
fected by the judgment.
selling stockholders.
•
company
„
"The major
portion of the company's nickel sold in the United
States is used tor alloy steels and other applications and is not af-
at $18 per share, less 60 cents to dealers,
Registers With SEC—
.The
.
lolling mills which may desire to make these particular products, xr
are t0 be as favorable as the company's general prices for nicke sold
tQ fch ferroug &nd Qther }
nicke, consuming fields in the United
states.
The Huntington mill will present to a number of libraries
copies of a manual descriptive of rolling mill processes employed by
i7onnn*
Stock Offered—Glore,
Juno 25 offered 5,555 shares of common
On
foT account of
sharpsi
$1 S 464
earned amnlus'
Sn $1-423,464, eained suiplus,
1150.
Indiana Gas & Water Co., Inc.
r
fnvmo
Snnivinl
Cash
—V.
v! 7nr
n3 SSL nf
ferrous
hieh-nickel
Huntington. W. Va., for the production ?'
SatPs
y^ 1"f
l
^n^Si thpfp! mrticSlar nroducts Pri es
Vv
explosion damage claims,
nn
wr0i„M
p
disposes of the action started
confined essentially to two points;
j.
,
share)
»er
$67 943
total
$3 731 019
V
Ififi
n
$67,943, total, $3,731,019.—V. 166, p.
r>r.„
for
reserve
stock
nrcferred
oar
is
deposits,
service,
first
$3,696;
so.—V. 166, p. 1788.
^'The'^onsent1 judgment
cumulative
accrued
$1,155;
liabilities, including Federal income taxes payable
$237,748;
did
ended
The following statement was issued by the company upon the termination of the antitrust proceedings Ju^y 2 in the U. S. District
Court for the Southern District of New York:
"By agreement between the U. S. Department of Justice and the
companies the antitrust proceedings against this company and its
United States subsidiary have been terminated by the entry of a final
judgment, without trial and without any finding that the companies
'
payable,
stock
$3,S'14
depreciation
months
International Nickel Co. of Canada, Ltd.—Anti-Trust
Suit Terminated by Agreement
march, 31, 1948
$275,525; u. s. Government
$56,562; accounts receivable, in-
reserve
three
best interests of the corporation to do
$29,384
hand,
(less
corporation
The
—
$145,361
$3,731,019.
LIABILITIES—Accounts
currently reprincipally in
not acquire any of its shares of stock during
March 31, 1948^but it intends to purchase./
stock on the'New York Stock Exchange or other
market when and if in the judgment of the directors it is to the
4,883
18,465
the
on
Exchange. The corporation's busisearch for and development and financing of
New York Curb
5,629
securities, $25,000; special deposits,
eluding unbilled gas sa'es (less reserve for doubtful accounts), $391,ell; inventories; $688,777; prepaid insurance, $10,898; accrued interest
receivable, $165; oven-lining expense deferred, $36,553; other deferred
charges, $25,355; cost of work in progress not allocated, $231,055;
buildings
or
properties, and funds of the corporation not
quired for these purposes are placed from time to time
securities of mining, oil and related industries.
^
20,710
balance sheet,
banks
in
particularly in
corporation in mining ventures
companies not listed on the New Yoik
mineral
inc.
,
$4,740,760
liquidation,
on
29,959
$76,813
ordinary income
(exclusive
of
security transactions)
_»
is not presented as
of net asset value
realizable
Canadian
primarily the
is
ness
of
7,769
——
taxes...
inc.
consolidated
lands,
securities
in
76,287
.
.
„
inc.
values
of
28,657
—
f!ed., other than Fed.
-----—
deductions
Net
above statement
representation
and
412,618
63,667
seding
~~—77ZZ~
—
—
...
view of the heayy investment of the
$595,390
612.415
^
;
Total
Stock Exchange
1947
$929,980
757,193
2,514,313
141,208
16,425
—
—_—
$70,319
23,927
Net
Operating
,
n
Investments in and advances to affiliates—
Other mining .ventures and developments—.—
con-
$1,103,771
exps
repairs
__—...—_
State and
Othei
oper.
1,927.180
362
Other securities having over-the-counter quotations—
Based on fair values at March 31, 1948, as determined
by Board of Directors—
a
Administrative
quoted market values at March 31, 1948 or on
NOTE—The
Frbduction sales and oper. revs
$141,272
less prov. for taxes
■
Deferred charges
1947 •
$82,766
22,279
1948
Jack & Heintz Precision Industries, Inc.—New
SeSL$
Indiana Gas & Chemical Corp. (& Subs.)—Earnings—
Maintenance
on
1493
$99,092
Expenses
elected
and advances:
Fund, Inc.—Earnings--*
income
J.
MacDonnell, President, on April 28 said:
Investments
,167, p. 1470.
Manufacturing and
'
V—«. xr„i',«
.
AT
Cash and receivables less payables and
Each
in
effective July 1.—
Who retired
}
*
At March 31, 1948, the net asset value of the 489,973 shares of
common stock of this corporation
outstanding was $4,740,760 or
approximately $9.68 per share, calculated as follows:
amendment.
filed by
be
*
~
.
International Mining Corp.:—Net Asset value—
offer-
Public
Vice-President,
...
.
G. F.
and accrued dividends.
common
this
*
*
.
_
The company on June 30 filed a registration statement with the
SEC covering 690,098 shares of common stock (no par value), to provfd% for conversion of 345,049 shares of outstanding 5% cumulative
cdhvertible preferred stock (par $50)
which the company intends to
convertible
of the corporation's Potash Division,
corporation in 1942 and since July 1 of
charge
in
with
Baylor,
Harry
V*
:i u,in0is Powei c°- Decatur' I»-Registers With SEC
is
is
who
associated
Based
share
iNew vn-e
Lockwood have been elected Vice-
Maurice H.
and
Into
Norman
became
Mr. Henderson, President, also announced the following promotions:
Robert J. Newman, formerly Assistant to the President, was appointed
a
Vice-President, and Walter D. Armstrong and Wallis P. Kilzer,
foirhierly Assistant General Managers, were appointed Vice-Presidents.
—V. 167, p.11809,
•
redemption
New Vice-
Chemical Corn
last year has been serving as General Manager of the Potash Division.
Mr. Lockwood, who is in charge of International's Plant Food
Division, recently became connected with the corporation, succeeding
in
infclreasing the number of directors from 10 to 11.
for
$6,373,019
Presidents.
ft; E. M&cDonald has beeri elected to the board of directors *and
appointed Executive Vice-President of the corporation. As nthera was
nd vacancy on the board, the by-laws of the corporation were amended
call
■
Sales-
1948—5 Mos.—1947
$5,195,285 $25,806,384 $23,873,080
1948—Month—1947
Quarter Ended March 31—
niQ
„ 199 971
$7,122,271
in^rnauondi ivuneraib ac LnemiKii Gvrp.
a.
If New Executive Vice-President
preferred
&
See V. 167, p. 2468.
given in the "Chronicle*' of June 7.
167, p. 2579.
Total
Presidents—
''
<
Minerals
Tnt^riintiona.1
_
Ml.
—
..
*.
$144,-
1948 and $142,097,686 at Dec. 31, 1947.
income account for the three months ended.
1.200,000
3,224,063
.
Total
at March 31,
Investors Management
510,017
contingencies.
Mittority interest in subsidiary
424,110
1,000,000
J 126,307
,
2,892,628
313,156,861 309,877,083
1
$5,460,713
—V.
'After reserve for depreciation of $257,863 in 1948 and $76,121 in
1947.
tAfter reserve for depreciation of $269,609 in 1948 and $174,883
in 1947.
JAfter reserve for amortization of $1,025,454 in 1948 and
$1,035,654 in 1947.
SAfter deducting cost of U. S. Treasury tax
anticipation notes of $200,000 in 1948 and 1947.—V. 167, p. 1809.
fluctuations
'
Coftimon
807,571
1,000,000
64,347
Total
20,000,000
depreciation, amortization and depletion of
Period End. June 30—
334,495
excess
;
Miscellaneous
516,254
contracts
on
60,606,500
89,518,739
prop¬
:
Sales
163,000
144,078
614,870
5,094,127
1,316,501
* 40,000,000
and
^
Dividends payable..
Resterve
"
713,820
income
Canadian
taxes
Lbh'g-term
38,603,000
to
plan
and
profits
ahd
65,363,873
-i——
Employees, officers and
72,056
Notes payable to banks (payable 1949-1956)—
Reserve for contingencies——
CaPital st0(* <600,000 no par shares)
•;;
nickel
60,766,771
60,606,500
93,619,702
2,889,791
:
of
27,627,825
60,766,771
14,-
(issued
value
par
Interstate Department Stores, Inc.—June
$29,364
204,973
Deposits
Ibb,31^,812 132,102,287
♦
-,
$33,007
{^Provision for Fed., State and other taxes—_•
Account payable to affiliated company
139 109 997
without
Finland
March 31 was
56,373,019
Earned surplus
166 312 919
27,627,823
:_
L___
and accrued liabilities
Accrued cigar machine conversion expenses.—
573*,745
14,901,738
$5
20,000,000
1
12,533
"
tttf$—~
other reserves
shares of $100 and
13,453,556
10,501,925
14,932,931
NOTE—The consolidated
$6 373 019
'
Ac^nts/ayable
536 090
'474',688
:
LIABILITIES
t taru
(in
*
104,013
1
23,382
$7 122 271
Tntoi
stock
stock
in
v
—
insurance and
value)
483,474:
483,475
12,455,036
10,124,641
1948
1,
9,092,733
9,681.332
,
(
May
reserve.
♦After reserves for
560,186
1
etc
prepaid insurance and expenses
3,949,168
1 160 454
—
.
470,998
at cost
1,769,949
JttiCCcosUt'nlt,'re'eq"'Pmem and lMP1'0VementS'
Tntnl
Total
development,
and
Goodwill, licenses,
7,47b,8o7
538,689
^3,382,566
charges——-—
344,268
141,816,557 117,795,878
(net).
assets—l—______
Deferred
*
18,939,858
cost—.
at
receivable
362,693
t Pa tents
payrolls
payable
Total
81,738
1,732,033
tTools, jigs, drawings, patterns, etc. at cost—
1947
1948
,
,
banks__
in
hand and
on
S.
,
i
69,369 1
3,701,817
and
insurance
411,501
281,373
122,144,923 120,888,618
and
system
preferred
erties
,v 43,453
'High-speed cigar machines on lease at cost—
MARCH 31
i—.—
623 471
71,570
(non-current)
10,501,716
580,546
10,499,850
10,499,850
...
tax
41,060
receivable
accts.
and
—
584,025 shares)
Capital surplus
Earned surplus
...
Exchange adjustments
Surplus arising from transfer
200,000
carry-back provision of Internal Rev. Code—
Inventory at lower of cost or market—
53,916.223
589,042
income
on
Contingent,
202,748
859 288
_
_
under'excesV'proffts"
refund
for
Notes
ASSETS—
instalment
claim
reserves..
1948-1951
operations
dividend
Retirement
$2,503,219
200,000
-
—
55,740,090
10,109,885
is
whichever
313,156,861 309,877,083
Common
198,128
at amortized costs
receivable
Accounts
.♦
-
.
Treasury bonds,
g
future
based
Taxes
1947
$1,193,334
banks
in
jj
Notes and acceptances receivable
notes receivable 1948.
instalment
for losses on
1946, $45,157.
provision
'Including
$0.89
share—
common
$390,000; 1947, $8,043;
U.
•:
rrrr^r^
$11,189,383
$1.05
$0.57
j
'16,789,758
16,383,931
LIABILITIES—
par
1948
54,277,706
17,552,000
16,068,999
retir.
due
.♦
s'
•
Total
$0.34
*
Cash
59,784
—:—
"
i.
irrmnr
surplus at the end of period $15,497,223 $13,097,326
Earnings
„
ASSETS
market,
or
against
receivable
Accounts
COMPARATIVE BALANCE SHEET, MARCH 31
758,631
savings-retiremt. plan for past sev. benefits
employees'
to
auu
(mar¬
(less reserves)
cost
Charges
600,000
$0.39
25,757,361
52,330,795
cost
below
or
other prepaid items
'Property account
$2,751,855
600,000
(at
Account
7%
93,750
1,222,749
Common
Cohtribs.
$2,951,665
$0.39
,
at
system
Misc. securities at or below cost
$16,813,724 $14,192,261 $12,101,548
—
—
$3,224,063
600,000
31
shares outstanding
Earnings per share
V.,;-
total
surplus at March
Earned
Capital
and
bills
Treasury
^_
securities
$17,662,000)
Preferred
Bal.
(incl.
notes)
ket
$317,026
28,728
$473,309
—
corporate
tax
Government
■
2,826,086
$4,270,678
1,837,576
*_
ftet income from operations
Other income charges (net)
1946
$5,262,923
3,578,017
$4,463,014
2,204,668
'Operating expenses
Other
?■
1948
M 1947
$9,159,197
$7,848,695
87,900
$485,309
securities
Short-term
379,175
ori2,ooo
Federal income
ACCOUNT
INCOME
741,396
435,659
___
V.V.'
ASSETS--^/:/://,:/27,709,774
$742,886
.
CONSOLIDATED
$1,490
$956,843
amortization-,-._____
LIABILITIES
31, '48 Dec. 31/4T
•
■//
$1,049,113
_____
cost of sales and exps. exci. taxes
_
Mos. End. March 31—
$30,503
981,211;^ 926,340
________
Standing 3%% preferred stock shall have filed objecDepreciation &
tions to such proposal.
Objections should be fitad not
Gross
profit
later than July 13, 1948.
It is proposed to place the deother income
bentures at par.
>•
Total income
1496
1948
Monday, July 12,
STATEMENT OF CONSOLIDATED ASSETS AND
1947
.$67,902
...—....
—
Rentals and royalties....
sinking fund debentures due 1964, provided that
holders of not more than 25% (in par value) of the outof 3%
3
CHRONICLE
International Cigar Machinery Co.—Earnings—
Place Debentures
Household Finance Corp.—Plans to
FINANCIAL
&
EARNINGS FOR THREE MONTHS ENDED MARCH 31,
Net
profit after all charges and taxes
Earnings per share on 80,000 common shares outstanding.
NOTE—Comparative
was
figures
are
not
available because the
1948
$149,563
$1.87
company
privately owned during the first half of 1947.—V. 166, p. 1891.
Keystone Custodian Funds, Inc.—Asset Value Up—
Combined
net
assets
of
the
10 Keystone
Funds at
market
values
on
May 31, 1948, amounted to approximately $183,938,000, it is disclosed
by the semi-annual report of the Keystone Income Common Stock
Fund
Series "S2,"
which shows an increase in net asset yalue per
share
1947.
to
$15.14 at the
Z
close of May, compared with $13.35 on Nov. 30,.
CHRONICLE'
THE COMMERCIAL & FINANCIAL
Number 4715
Volume 168
(153); 9
Mission Dry Corp.—Grants New Franchises—
,of prior years is not "included as a current item. This* dmount was*
Mission Orange Bottling Co., Ansonia,
; recently
reduced Jrorft $245,647 to $222,000- by ^ payment from the Conn., also known as the
Ansonia' Bottling Works, has been granted an exclusive franchise to
; Can'adian . Government. An... additional payment of.; about , $216,000
'becomes due to the company In 1949.
'bottle Mission Orange and other Mission beverages by the-Mission Dry
The company's dollar volume of new contract work for the year to
Corp. The new Mission bottler will cover the Naugatuck Valley including *:
the cities of Shelton, Derby, Milford, Naugatuck, Seymour as well as
date, as measured by the jestimatqd completion cost of the plants to
be designed and built by : the. company, is in excess, pf $13,000,000,
«Ansonia.
*
<
>.
which voluine was approximately the same as for the corresponding,
Mission Eastern Sales Corp. has been assigned the city of Wilming¬
period in 1947.
During this year, a substantial amount of progress
ton; Delaware, in addition to their territory of Ohio, Pennsylvania,
share.—V. 167, p. 2468'.
West Virginia, - New England
has been made'on current, petroleum... ref.nery design and construction and Detroit, it was announced by G.
•"
contracts.
Also, so far this year, three blast
•>Everett Parks, President. ■
furnaces, have been
* v,
'
*
-. \
Lakefront Dock & RR. Terminal Co.- -To Issue Bonds
This .corporation has granted to the Mission Beverage Bottling Co.,
-completed by the company in this country and two more are sched¬
uled for completion before the end of the
and Stock—
year.
While considerable
Cleveland, Ohio; an exclusive franchise to bottle Mission Orange and
other beverages
improvement has taken place this year over last year in the rate of
it is. announced.
The company on July l applied to the Interstate Commerce Com¬
progress on the large amount of work in process which the company
The Cleveland company will bottle and distribute Mission beverages
mission for authority to issue $18,490,000 of securities for new. terminal
has on hand, the problem of procurement
in
ten
of materials, particularly *
counties in .Ohio;
A modern designed bottling plant* was
facilities at Toledo, Ohio, the proceeds to be used to reimburse the
recently constructed, at the cost of approximately $250,Q00, Inclusive
of iron and steel products, remains great, and no immediate solution
Baltimore & Ohio RR. and New York Central RR. for funds equally!
of this problem, which has greatly hampered completion of contract
of equipment, to provide for large-scale operations.
received from the two roads.
•
woi'k for several years,., is: in sight.—Vi 167, p. 1924. \ ;; \ v - ' "
The Terminal company said it proposes to issue $9,240,000 of capital
MiSSion Ofange BottUng Co., Dayton, O., has been granted an
exclusive franchise to cover the1 cities- hv Montgomery, Preble, Darke
stock
and $9,250,000 of first mortgage
sinking fund bonds. _ The.
and Clark Counties.
-v
McKesson & Robbins, Inc.—Transfer to Surplus-r-r
capital stock will be directly turned over to B. & O. and N. Y. C. and
Other new franchises recently granted by the Mission Dry Corp,
5
the bonds will be" offered publicly at competitive bidding to determine
> William J. Murray, Jr., President, announced July 1 that on the
in
the territory of New England, Pennsylvania, Ohio, West Virginia
their interest rate.
They will be dated as of June 1, 1948, maturing
basis of advice received from the-Federal Government' concerning setand
the
cities
of
Detroit
and
'
Wilmington,
Del.,
follow:
Mission
in 20 years.:
The two railroads, will guarantee the bond issue.—V, 167,
tlement of pending tax issues, the company will transfer the sum of
assess figure of
combined neb
six months'.period the
the
During
,
than $20,000^000 from $163,£64,000 at the
close of last November while net .assets of. the .Series
"S2" Fund
increased to $29,259,839, compared with $25,028,074.
The number of
shares outstanding for this FundNrose from
1,874,507 to 1,932,179.
The 12-month comparison for the Series "S2" Fund shows still greater"
increases from May 31 of last year, when total net assets were $23,*
543 340
for- 1,814,072 shares then outstanding,
equal to $12.98 per
the 10 Ftmtis was up "more
•
^
,
-
_
-
.
-
.
.
-
.
.
,
,
_
^
-
-
.
-
.
'
'
p. 943.
:J
.
$1,635,659
fiscal
—V.
167, p. 2789.
Lane
V
,
sales
—V.
167,
2580.
p.
under
section
Code.
the Internal Revenue
of
722
,
'
!
McWilliams Dredging Co,—Earnings—
Three
1948—6 Mos.—194T
$27,206,088 $25,982,615
Months
before
Loss
1
'
v
>
-
1948—Month—1947
$4,807,194
$4,221,570
„
Orange
for the
loss account
profit and
the
'
Increased 13.9%—
Bryant, Inc.—.Tune Sales
Period End. June 30—
Net
to
ending
; excess profits taxes
—V. 167, p. 1924.
1948—6 Mos.—1947
$1,587,339 $1,413,335
1948—Month—1947
$290,433
$248,033
credit
special
a
June *30, 1948.
He axided that the major portion
of this amount resulted from the allowance-of -claims for relief fromv
Laniston, Inc.—June Sales Up 17.1%—
(M. H.)
Period End. June 30—
Bales__—
as
year
March
Ended
31—
.
1947-
1948 "
*
depreciation and taxcs___~____
■>$106,-•'SB'S
75,727
12,447"
$77,011
L
114,459
Depreciation *
taxes__i_____
Federal income
Beverage Co.; Philadelphia, Pa.; Mission Orange Bottling Co.,
Fairmont, W. Va.; Mission Orange Bottling Co., Manchester, Conn.;
Mission Beverage Bottling Co.,; Cleveland, Ohio; Mission Orange Bot¬
tling Co., Warren, Ohio; Mission Orange Bottling Co., Tyrone, Pa.;
and Mission Orange Bottling Co., Welch, W. Va,
Approximately 300 exclusive franchised bottlers in the United States
and foreign countries are now bottling and selling Mission Orange
and other Mission beverages, according to Mission Eastern Sales Corp.,
franchise bottlers distributor.—V. 167, p. 1924.
Missouri & Arkansas Ry.-^-Earnirigs1946
1945
*$3,573
*$2,577
$135,883'
$192,328
railway—^—
*18,018
Stock Split—
Lionel Corp.—Ruling on
to
Pursuant
an
amendment to the certificate of
shares
or
on
each)
$5
(par
July
about
the
by
distribution,
of one
additional share of common
close
business
of
on
July
.'
i
-
*16,104
*32,913
Net 'ry. opet. Income™
*20,145
*18,280
*2,995'
*26,537
*10,367
9,446
from
168,
'
47.«
p.
«
-
in-the
graph -lihe
Co.—Committee Receives Au¬
stockholders^
167,
f
pany's
consolidation
common
plan
shareholders
has
committee
would
received
only
to
for
act
the
a
to
the
and
share
Net
opened
its
case
before
SEC on
the
June
Net
company's books under the plan before
reflecting
actual values under "current
the
conditions."
income
*Based
.
.
,
,
the
on
sale
in
to
1
2
shares
of this company for the
totaled 47,187,000 kwh., as compared with
corresponding week last year, an increase
to
The
Klotz
of
"-
outstanding.—V.
will
"Sky Pal," priced at only $2,095
said, is Luscombe's' answer to rising
July
by
a
income
introduced
Luscombe's
two
1949 Silvaire Deluxe,
new
1949 Observers,
realized
Net
Klotz stated,
as
A;
Director of Sales.^—V.
named
been
has
Collier
B.
167, p. 1046.
>
,
(G. C.) Murphy Co.—June Sales 18.40%
succeed
f>
,
,
.
..
48.
168," p.
Co.—Promotions—
authorizing
National Lock Co.-~Increases Quarterly
Trust—Earnings—
quarter.
>
1947
$2,839,683
193,450
$2,242,262
165,817
$2,646,233
2,778,330
investm'ts)
$2,076,445
2,123,235
July
on
2
Shirt Shops of Delaware, Inc.—June Sales-
amounted to $560,382
investments of $144,845 in
$1,389,564
167,
loss
net
on
The
files
trust
incurs
as
a
Federal
no
investment
"regulated
income
Co.—Current Sales
Tea
Increased
Sales
SHEET, MARCH 31,
quotations
1948
682
8,171,559
1948, $2,778,330; payable
payable for repurchase of
withheld; $1,656; provision...
security taxes, $670; net assets (based on carrying invest- *
market
quotations,
equivalent
to
$25.04
per. share
for
shares, of $1 par value), $204,619,138; total, $207,651,792. .
—V.
p.
of
'$87,917;
social
at
ments
167,
at
payable
investments,
employees
April
26,
167,
-
I
Mutual
Life
....
above
Co.—Chairman
Insurance
1948—Month—1947
of
1948—6 Mos.—1947
$3,871,714 $23,628,430 $20,932,681
1
.
ended
July
this
2,
Association—Output—
Association
reports
electric
output
ah increase of 5,569,129 kwh., or 59.57%,
9,349,564 kwh. for the corresponding week' a
kwh.* This
production
to
of
is
ago.
year
the
for
output
is
This
-
week
14,918,693
in* 1947
674
Inc.—June Sales Increased 11.17%—
$4,304,566
the
For
of
from
p. 2689.
New England Gas & Electric
taxes
.
June 19, '48 June 14, '47
increased
2033.
p.
29.25%—
$15,792,212 $123,896,523 $92,437,911
operation
19,'1948.—V. 167,
sales
Gas
'
In
stores
Neisner Brothers,
$032.
......
of
Period End. June 30—
Net
$164,080;
Federal
June
dividends
(incil; $609,275
—V.
purchases
shares,
$20,411,511
number
The
$207,651,792.
LIABILITIES—Dividend
$6,217,{J68
Year to-
June 19, '48 June 14, '47
and
company"
taxes.
on
stocks selling ex-dividend), $195,770,613;
U. S. treasury j
due April 8, 1948, at cost plus discount earned, $2,999,440; cash
banks, demand deposits, $8,787,063; receivable for investments sold,
$23,025; receivable for dividends due in March, 1948, $71,650; total',
replace the
$6,241,241
$1,340,766
2581.
p.
National
bills
ObserVer-90, introduced in March of this year.. The 1949 :
Special is a completely all-metal tandem monoplane with
33 square feet of window area.
Priced at only $2,795 F.A.F. Dallas,
it is powered by
a 90 h.p.
Continental engine and has a cruising
speed of 112 m.p.h., top speed of 125 m.p.h., and rate of climb of
£50 ft./min. The 1949 Observer Special has a -25 gallon* fuel capacity
and a cruising range of more than 550 miles.
)
-The 1949 Observer Deluxe, Mr..Klotz said, was designed particularly
for pipe line and power line patrols, fish and game and conservation
commissions, law enforcement officers, farmers; highway patrols, aerial
photographers and others who. require a combination of unequalled
comfort
and unexcelled
visibility.
With performance similar to the 1949
Observer Special,
the. 1949. Observer Deluxe, at $3,195 F.A.F.
Dallas, includes starter, generator, battery, position lights, panel lights,
landing lights, foam rubber seat cushions, stainless steel mufflers,
baggage compartment, deluxe instrument' panel, prop spinner and cowl grilles—all as standard equipment.
1
* 1
^With the completion of the .1949 Silvaire. line, Mr. Klotz added, all
1948 Silvaire models will be discontinued.
These include the Silvaire
Standard-65, Silvaire Special-85,
Silvaire Observer*90, and Silvaire
Master-90.—V. 167, p. 2790.
1948—6 Mos.—1947
1948—Month—1947
Sales___-.
—V.
""
.V.
r
National
in
for
bividerid—,
declared a quarterly dividend of 25 cents:^^'
per shai"!e on the capital stock, payable July 15 to holdersspf record
July 8.
This compares with 20 cents per share perviously paid eaehV
directors
The
July
of
increase
an
103,022,000
2
is reported at 124,152,000 cu. ft.
ft., or 20.51%, above production
corresponding week a year ago.—V.
week
21,130,000 cu.
the
for
ft.
cu.
168, p. 48.
Retires—
original
McCord
William
President,
Bertrand
G.
Hancock;
succeeding
A.
after
51
—V.
been
C.
Vice-President,, has
McCord, who remains as
Chairman
elected
of
the
of
will
board,
continue
to
retired
serve
June
on
board.J
the
on
30,
^
New
Period End. June 30—
1948—Month—1947;,
.
1948—5 Mos.—19.47
'.PeriodEnd, June 30—
Sales...
Metropolitan Edison Co.—New Financing Reported—;
$3,500,000
and
be
it was reported that company was planning 'the issuance'
first - mortgage bonds, 40,000 shares of preferred stock '
$2,000,000
sold
at
common
stock.
competitive
bonds
The
bidding
and
Micromatic Hone
Months
Ended
stock
167, p. 549..
Income
charges__,
income
tax
to
its
are.
.
to-1
parent.'
financing,
•
this
as
is
1943
$2,808,846
82,981
taxes—
1947
-
*53,245
'
"•
31,533
New
Earnings
1948—Month—-1947 •
1948—-6Mos.-—1947
$7,404,108
$6,559,712 $41,902,628 $38,-807,767
..
„
.
shares
per
*Loss.—V.
p.
100.6;
bids
•
Class
A
shares
B
shares outstqnding___
*
income
received
at
sale
the
all
as
3s were:
Bros. & Hutzler, Co. (jointly}, 100.6011; Union Se¬
Corp., 100.5999; Glore, Forgan & Co., 100.55; Equitable Securi--.
&
Inc.,
Co.,
Salomon
100.705;
Lynch,
Pierce,
Fenner
&
Beane,
from
purchase or construction
existing facilities.
the sale will be used for the
of
Nil
new
facilities
1947 *
$.831,000
'822,000
422,000*
,
•,
291,970 >:?• 291,970
838,053* ■
838,053
1
r
$1.40
0.49
$lio
0.08"
for probable abandonments,
taxes, and minority interests.—V. 166, p. 2560.
and
the
improvement
company's parent, General Public Utilities Corp., June 25 in¬
creased the company's common stock equity by making a cash capital
contribution
of
$1,750,000
which was credited to capital surplus..
1948
outstanding-,-^
After depletion, depreciation, provision
estimated
Offered—
of
$1,889,000
Earnings per class A share
Earnings per class B share
-
Co.—Bonds
Light
205,945
Subs.)—Earnings—
,
income from operations
income (estimated)-
Class
&
$0.25
Quarter Ended March 31—
"Net
••
a
cannot,
Power
Ripley
Merrill
The
this
amount
'.As of June 21,. cash .and. accounts receivable amount to $6,922,849;
Accounts payable, dividend payable July 1 on the company's class B
stock, advances by customers on contracts in process, sundry payables
and taxes, including the balance of Federal
taxes on 1947 income,
amount to $'3,511,403.
An estimated amount of about $222,000 U. S.
covering postwar refunds of Canadian excess profits taxfes on income
on
stock
ties Corp., 100.48.
Of
-
authorized
*$7,987
653.
Middle States Petroleum Corp. (&
Gross
the
Jersey
amount,
„
(Arthur G.) McKee & Co.—Has $6*922,849 Cash and
Accounts Receivable—H. R. Moorehouse, Secretary, ori
the
205,945
.
common share
167,
increasing
$51,448
:
outstandings.
on
100.6979; The First Boston Corp. and Kidder, Peabody &
curities
45,258
^
Common
14
date
no
depends
that
Harriman
j
$2,386,083
carry-back credit.
profit
July
Halsey, Stuart & Co. Inc., on July 9 offered $6,000,000 /
first mortgage bonds, 3% series due 1978 at 101%% and
accrued interest/ The firm was awarded the bonds at
Other
30—
;
vote
will
competitive sale July 7 on its bid of 101.319.
Corp.—Earnings—
April
sales
after
stock
preferred
common
Proceeds will be used for construction.—V.
Nine
and
Incr.
has been set for the issue of additional.!
number of factors, the princip&l'one of ,,
by law, be issued for less than par.
The price of the company's shares has been below par for some time.—.
v.' 167, p. 2792;
"
\ ' • '
'
•
which
Proceeds
167, P. 2580.
June 21, said:
stockholders
equity
stock
168, p. .47.
"Oh-July 1
of
Telegraph Co.—To
&
•
capital stock from $200,000,000 to $400,000,000.
Although the increase m authorized stock would prepare the way for;;
$8,564,000 $46,069,000 $42,825,700
$9,504,900
England Telephone
Capitalization—
168, p. 47.
McCroty Stores Cbrp.—June Sales 12.3% Higher—
.
but
servipe,
Sales.
—V.
Net
—V.
of
1924.
p."
Chairman
The
Federal
•
Perry,
Mercantile Stores, Inc.—June Sales Rose 11%—
Frofit
formerly
J.
years
167,
Net
Corp.—New President—
the board.—V.
^
Higher—
Charles
declared
..
Observer
.
i
Mr
1948—Month—1947
1948—6 Mos.—1947
$10,853,587
$9,167,074 $57,563,127 $50,309,861
Period End, June 30—
Sales-'—
—V.
to
gain on investments
with
compared
Massachusetts
Mr.
on
income
ASSETS—Investments at- market
for
the
directors.
-Four Weeks Ended—
'(2)
Silvaire Special, at $2,6S5 F.A.F.
on
and
1948
therefore
Deluxe.,
1949
Stentz
\
result of
a
First Vice-President and Director of Sales for the
has elected to retire Aug. 5 under provisions of the
income plan.
He will continue to serve on the
1947.
Dallas, is a cross-country
airplane at trainer price. It is powered by a 90 h.p. Continental en¬
gine, and has a cruising speed of 115 m.p.h., a top speed of 128 m.p.h.
With a 25 gallon fuel supply in two wing tanks, the 1949 Special has
a
range in excess of 550 miles.
The 1949 Special has foam rubber
seat cushions and the same "new look" stripe and "square rudder"
The
as
1948
other
and
(excl. gain or loss on
NOTES—(1)
in
cruising speed of 105
server
btentz,
years,,
of
$0.92,
stock, par $25.—V. 167, p. 1366.
\
iv"
BALANCE
m
C.
21
Period End. June 30—
b.p.
65
17
Dividends
Continental engine, the
Sky Pal
has a
m.p.h., a top speed of 120 m.p.h. Rate of climb
is 800 ft. per min. and cruising range with 12V2 gallons of gasoline in
a single wing tank is 300
miles.
Coincident
with his announcement of the
Sky Pal,
Mr. Klotz
revealed that Luscombe has added
three more models to complete
"the Silvaire line for '49."
Included are the 1949 Silvaire Special
and two new tandems—the 194.9 Observer Special and the 1949 Ob¬
Powered
interest
.
_
and
16
Expense
F.A.F. Dallas, Texas, Mr.
prices, and the high cost
•
Ibcombtives.-—V. 168, p. 48.
1924.
p.
3 Months Ended March 31—
week ended July 3, 1948,
29,227,000 kwh., for the
of 61.5%. V. 168, p. 47.
.
747,335
$0.96
i
167,
vcte
"
'
Dividends,
President.
flying.
*v
company's retirement
$1,380,759
448,001,
$1,436,090
surplus
share___
lative convertible preferred
Corp.—New Low-Priced Airplane
Pal," lowest priced completely all-metal
ever-offered bv any manufacturer, was announced
two-place airplane
July 2 by L. H. P. Klotz,.
for* v
.
,
"Sky
Silvaire
th®-; ;
R. Denny, Vice-President and. General Counsel, has been
appointed Executive Vice-President, and Gustav B. Margraf, associate in ;
the issu¬
the firm of Cahill, Gordon, Zachry & Reindel, as Vice-President and '
ance
of 300,000 shares of new 6%
cumulative convertible preferred
:;f- General Attorney.—V. 162, p. 462.
i
,
,
,
;
■
stock at par <$190 per share) and on eliminating the pytfsent author¬
ized but) umssued employees' stock and 12,000 shares of 5y2%
cumu¬
Luscombe Airplane
1949
,
(
(John) MorreU & Co.—Official Retires—
last
:
957,000,
948,000
1,494,668 shares presently outstanding
stockholders
The
Net
The
167, p. 2469.
Diesel-electric1 freight
Manhattan Coil Corp.—To Increase Stock—
(Ky.)—Weekly Output-
output
70,452
*125,556
Missouri Pacific RR.—-To Issue Equipments—
J.
2,337,759
2,384,090
tax
tax
Massachusetts Investors
Louisville Gas & Electric Co.
Electric
:
December, 1947, of 150,000 additional shares and the split
voted by stockholders on April 28, 1948, of the 747,334
then
36,938
*76,514
National Broadcasting.
the SEC, fell far short
and reasonably to be
called
22.
transferred
per common
up
♦
committee, in opening at the" commission s hearing
attention to the fact that'under the plan, the
result would be that "the management would be throwing out the
common stockholders, who have .the . vote,
instead of the stockholders
throwing out the management."—V. 167, p. 2688.
June
income
paid
the
the
for
Counsel
on
Federal
*Earnings
On
22.
*67,610
*75,840
Guy -A. Thompson, trustee for the road; has been authorized by
District Court- in St. Louis, Mo., to apply to the ICC
1948
1947
$31,036,273 $24,024,839
;
Federal
Dividends
it expects to present the testimony of engineering experts on
a
"realistic valuation" of the company's properties.
In its letter to
the stockholders mailed
on
June 25,' the committee contended that
the valuation of the physical properties, as proposed
to be carried
expected
;
income
*97,120
*108,356
income
Inc.—Earnings—
sales
for
1,047,8561
762,979
authority to issue $4,700,000 equipment trust certificates, series KK,
to -be dated Aug; 1,. 1948, and to advertise for competitive bids;
The
Court set a hearing for July 29 on the question of Issuance of certifi¬
cates.
Proceeds would be used to finance part of cost of $6,279,730 for
>
■
before
*82,695
•
railway—.
oper.
board
after
standing total.
The committee
of
'
1947
Federal
expands the Magnavox radio-phono-*
ranging in price from $179.50 for
the breakfront Windsor Imperial.—
2790.
p.
Provision
July 21
on
for
$850
•
railway-
♦Deficit.—V.
•
.
income
Net
1,200
nearly 500,000 shares.
This response comes
the committee's letter was received by the stock¬
holders.
From the present rate of response the committee expects to
represent as many as a 1,000,000 shares or about a third of the out¬
week
a
to
ry.
;
representing
stockholders
just
consoles
from
Net
.
model
new
15
from
Net
Quarter Ended March 31—
no
date the
than
more
.
v;
Phyfe
Mack Trucks,
com¬
which
under
that
cents
35
disclosed
future,
authorizations
SEC,
the
before
receive
company's
the
in
participation
now
is opposing
which
committee
the
railway
From Jan. 1—
$0.09
•
Gross
line.
of
include
to
Duncan
V.
thorizations from stockholders—
common
189,400 ;•*
.
254'.
p.
Magnavox
Introduction
-
Lighting
Island
Long
•
This company on June 29 announced production of a console radiophonograph combination designed especially for gdaptibility to use in
modern ■ small: homes and carrying a retail price of $179.50,
lowest
-
the
The
•
Nil
from
Net
*
Magnavox Co.—Announces New Model—
Tlfe New, York Curb Exchange-Will quote the common stock ex the
stock distribution on July 22, 1048, and will record -transactions in?
this issue In
the $5 -par
value shares on- and after that date.—
V.
167,
*$17,882
•
•
on
1948.
189,400
outstanding
_L__
shares
♦Profit.—V.
or abopt.,July 20,. 1948,
stock for each share held of record
15,
$191,470
-
Earnings per shares
20,
at
the
Capital
incorporation, which
1948, the par value of the common
stock will be changed from $10 per share to $5 per share and each
share: of. common slock, (par $10) will be split up into two common.
filed
will be
loss
Net
1948
May.
Gross
of
bank
the. construction
$1,100,000
loans.
The
was
used to pay an equal principal
will be used in connection wHh
balance
program.—V. 168, p. 48.
>
'
.
Hartford RR.—Interest—
Payment will be made on July 15, 1948, on the 15-year secured
6% gold (collateral trust) bonds, due 1940, "part-redeemed," of $10.72 "
per $1,060 original principal amount of such bonds, representing interest
from April 9, 1948, to June 26, 1948, upon presentation of bonds for
New York New Haven &
stamping.
v.
The-New
be
quoted
York
Stock-Exchange
ex-interest $10.72
per
on
July 6
$1,000 bond
directed
on
July
that the bonds
15, 1948; that -
■.
THE
(154)
10
bonds
the
shall
must
be
continue
of
settlement
in
show
to
dealt
be
to
payment
"flat," and to be a delivery
beginning July 15, 1948»
June 26, 1948, and
in
of interest to
totaling $164.50 on account of principal.
•'
Payment will be made at the Irving, Trust Co.,:, New .York, N. Y.—
168, p. 48.
payments
V.
.
assets
Net
this
of
semi-annual
repsals.
report
CHRONICLE
Monday, July 12, 1948
Operation
;
s
accruals
reserve
off
1947
,
>.
.
taxes
Federal and State income taxes
All issues to be sold
bank
loan, make advances, to
a
Hannaford &
Pacific Finance
Utility operating income
Other
income
$4,679,721
39,677
$3,554,475
$4,719,398
(net)
income
Income
.
$3,599,878
638,657!
Inc. before prov.
45,403
v
deductions
683,850
.
York
York
Norfolk
Carolina
&
Telephone
for
Net
Bonds Placed Privately—The
Balance
Earnings
Co.
Co.
Trust
has
been
appointed
trustee,
paying
agent
stock and surplus
$3,608,049
(827,013 shares)—
$4.36
com.
share
common
,
and
booked
:
William
M.
Spencer,
has
Chairman,
entered
the
June
on
30
this
forwarding
field
through its
acquisition of the Pacific Forwarding Association.
Although North American's principal business is the leasing of tank
and refrigerator cars, this development will, according to Mr. Spencer,
broaden his company's position in the transportation industry by
enabling it to provide an essential service for shippers of less-thancarload freight in addition to the service which it now furnishes to
tank and freezer
.users of
cars.
after
;
—
5,820,620
2,270,000
44,536
charges
deductions
Property replacement
500,000
reserve,
Net profit
Common shares outstanding
Earnings per common share
—V. 167, p. 2793.
Allin K.
Ingalls, Vice-President
Chairman of
since
the board of
of North American, has been named
Pacific.
James
Northeast Airlines, Inc.—Hancock
tion Taken
Grenville
Dividend
on
Director—No Ac¬
Convertible Preferred Stock
on
Outboard
Hancock, Eastern Representative of the Associated
Plywood Mills of Eugene, Ore., and Santiam Lumber1 Co., Lebanon,
Ore., has been elected a member of the board of directors.
Hancock
Mr.
associated
was
1930 and with Jackson
&
with
L.
Sherman
Curtis from
to
1930
Adams
from
1919
this
time.—V.
167,
p.
of oper.
Electric
totaled
States Power Co.
output
this
of
57,422,000
kwh.,
the
with
compared
as
week
July
45,665,000
week1 last year, an increase of
corresponding
ended
3,
1948,
for the
kjtb..
25.7%.—V.,^168, jp. 49.
j! Nu-Enamel Corp.—Omits Cash Dividend— ?
.
The
■
dend
directors
distribution
bursed
year,
of>15
cents
decided
25
about
was
this
not
to
declare
On
which
made,
time.
was
15, June 25 and Sept. 25,
stock dividend was also paid.
10%
letter
a
payable
March
on
a
In
June
on
ordinarily
to
stockholders
D.
C.
the
April
the
last,
On
Dec.
15,
last
and
and
but
1947
it
should
end
much-improved outlock.—V.
a
year
166,
p.
with
a
substantial
profit
1996.
Ohio Associated Telephone Co.—Earnings—
fhperiod End. April 30—
1948—Month—1947
1948—4
Uncollectible
;
oper.
/.Operating
$256,491
—
33,972
$937,198
$951,758
$2,268,377
&c._
42,269
58,830
79,636
91,023
(gain) from foreign
exchange
4,259
6,600
6,700
12,972
346,100
1,071,700
775,000
and
242
2,807
$219,149
$1,011,933
841,197
Operating expenses
Operating taxes
Net
Net
215,627
190,381
$897,644
1,001
$896,643
22,711
14,281
92,949
751,729
69,684
$17,438
$14,487
$77,787
$75,230
7,030
operating
income
after charges
—V.
Mos—1947
$1,014,740
$255,776
__
$896,380
$917,786
40,818
Int. paid,
products,
—normal
Res.
for
inc. taxes
and
surtax_
possible
437,300
losses
inventories
on
fEarnings
surplus
$545,228
$1,084,341
4,640
35,584
36,361
$0.72
$0.92
$1.82
$2.02
operating
results
of
the
Period End. Apr. 30—
Operating
revenues
Uncollectible
o^er.
1948—Month—1947
___
company's
net
assets
of
as
March
calculation
possible
of
securities
Funds
to
of
these
Federal
compensation
asset
State
March
of
off
pay
due
and
unrealized
on
as
_
$8,655,237
6,358,176
1,195,641
operating income
Net after charges
167,
23,084
$6,239,202 $33,916,609 $29,226,101
4,759,098
25,115,590
20,395,167
833,478
4,622,292
4,456,995
$646,626
617,376
$4,178,727
4,215,850
$4,373,939
4,305,266
2260.
p.
Period End. April 30—
Gross
revenue
Operating
Prov.
for
expenses
depreciation
Amortization
of
acquisition
General
Federal
Gross
___
the
April
1,
bank, loan
from
304,073
—
1948
based
adjusts.—
80.560
taxes
707,749
income
taxes—j
income
premium
Other
and
80,560
709,701j
$28,688
$22,295
312
312
78
$29,001
7,893
$22,373
11,288
$21,103
$21,107
$11,085
8,035
10,650
10,650
966,720
3,548,976
4,830,735
1,068,960
3,012,067
4,777,430
$9,509,234
2,049,022
$812,988
$820,755
166,522
168,866
$9,609,101
2,016,763
31,651
Crl3,169
31,649
379,226
3,343
Cr56,060
76,444
'$627,984
deductions
Dividends
«._*
pfd. stock
on
$50,761
and
Balance
—
167, p.
$616,896
80,541
$7,269,172
$7,022,093
966,469
966,469
Sundry
other
•
;
80,541
$547,443
$536,355
$6,302,703
Net
from
Net
ry.
oper.
income
from
railway
from railway
ry.
oper.
167,
p.
income
$1,029,000
873,453
839,613
792,246
$3.15
$1.68
$1.30
Transport
Co. (& Subs.)—
1948
1947
$5,137,933
1,674,000
$3,303,934
4,702,944
4,702,944
<"$0.73
—
$5,095,934
1,792,000
$3,463,933
taxes—
outstanding—
share
$0.70
common
requirements
$396,423
net unrealized deprecia¬
market
p. 1697.
on
167,
quotations at
1946
1947
1948
*:;
120,503
losses
profit
'
V
jjj
793,570
1,171,868
shares
outstanding.
now
Maintenance
for
Prov.
1948—12 Mos.—'* 1947
$7,928,526 $31,219,813 $28,478,431
2,765,157
11,271,146
10,304,323
341,399
local
279,588
1,378,883
1,334,340
1,310,666
deprec.,
1,123,822
4,686,844
4,082,864
depl.
and amortization
State,
-Earnings—
1948—3 Mos.—1947
and
taxes
__
Fed.
ii
371,573
314,053
1,458,720
1,158,877
1,150,000
1,070,000
3,680,000
{3,005,000
$2,493,277
$2,375,907
$8,744,219
$8,592,526
48,906
for
16,489
206,800
Gross
62,560
$2,542,183
Int.
income
$2,392,396
$8,951,019
$8,655,086
deducts,
(net)
304,901
242,145
1,029,555
1,050,487
$2,237,282
$2,150,251
$7,921,464
$7,604,599
~
stock
common
7,366,494 '
stock-
2,099,813
1,620,000
2,010,251
com.
1,620,000
1,620,000
1,620,000
Earns. per com.
share—
$1.30
$1.24
$4.55
$4,35
Shares'
of
"7,044,600
"For
the purpose of comparison, certain figures for the nine months
beginning April 1, 1946 (included in the 12 months period ended
{In
31,
which
1947)
to
1946
in
have
the
there
been
restated
to
show
the
effect
of
matters
following notes.
was
non-recurring deduction resulting from financing
Federal income taxes
approximately $450,000.
reduced
SHEET AS
OF
MARCH
31,
1948
v
•
ASSETS-—Gas plant, $131,846,941; intangibles,
representing gas sales
purchase contracts, etc., $503,559; other investments,
$2,307,057;
cash, $14,447,545; special deposits, $166,917; U. S. Govt,
and
obligations,
$6,501,014;
accounts
accounts
and
notes
receivable
(after
reserve
for
doubtful
of
$227,500), $3,892,950; material and supplies, $2,594,949;
prepayments and other deferred charges, $471,364; total,
$162,732,296.
LIABILITIES—Common stock (no par 1,620,000 shrs. authorized and
outstanding), $20,250,000; paid-in surplus, $275,000; earned surplus
$20,862,494; 4% preferred stock (par $100), $13,750,000; less cost of
shares of 4% cumul. preferred stock purchased for sinking
fund,
(Dr)$2,790; serial debentures (due $2,000,000 on each May 1, 1948
to
1971
inclusive), $48,000,000; promissory notes (principal payable
$1,100,000 each March 1 and Sept. 1, from Sept. 1, 1948 to March
1, 1956, balance payable Sept. 1, 1956), $18,900,000; accounts
payable,
$1,029,801; dividends declared on pfd. stock, $137,470; matured longterm debt, $4,729; accrued
taxes, $4,485,867; accrued interest, $445,365;
deferred liabilities, $2,272,618; reserve for
depreciation, depletion and
amortization, $30,974,593; other reserves, $1,347,149; total $162,732,296.
—V. 167, p. 2793.
30
r.
37,465
;Cr21,309
15,685,310 -21,705,787
—
preferred
on
$8,714,364
3,047,448
Operations
Paraffine Companies,
rcvs._
income
Total
income
Other
excess
income
Renegotiation
23,249,149
3,766,691
Perid End. Mar. 31—
Net
$857,510
"■Earns, per com.
"■Based
Inc.—Earnings—
1948—3 Mos.—1947
profit
share.
$835,343
$1.81
$0.57
V
1948—9 Mos.—1947
$2,740,543
$2,365,968
$0.55
$1.56
shares
outstanding at March 31, 1948 after recent threededucting 4% cumulative con¬
vertible preferred stock dividend requirements.
>
for-one
on
common
NOTE—In
stock split-up and after
1947
1946
1945
$64,472
'$82,336
$119,385
35,666
20,444
36,737
59,457
9,144
5,978
9,939
profit
347,194
151.238
< 125,944
38,084
40,291
of
refund
of
leased
113.—V.
573,290
269,592
92,850
for
6,639,300
27,015,841
5,693,529
10,664,800
—
28,297
51,295
26,355
9,730,221
14,381,076)
10,629,215
3,047,453
2,925,364
$3.19
the
73,753
58,054
for
$4.92
2,661,204
.v $3.99
year
year
shares
per
■'"Including
21,684
403,601
2264.
surtax
tax
taxes——
—
Earnings
$90,127
426,388
155,934
45,464
and
profits
22,877,656
8,396,470
computing the above profit, estimated Federal taxes ag¬
were deducted for the nine months
ending March
31, 1948 and $1,407,519 for the nine months ending March
31, 1947.
The net profit for current and previous
periods referred to above
Includes Our proportion of the earnings (whether
declared or hot) 'of
those
companies in which more than 50% of the voting stock is'Owned
but only the dividends received from Fibreboard
Products Inc. in which
exactly 50% of the voting stock Is owned.
The dividends received frbm
Fibreboard
Net
;
16,478,880
.
Federal normal tax
share
outstanding
v_
depreciation
equipment—1948,
167, p. 2260.
,#
lor
company
on
June 29 filed
letter
of
notification
with
to
$534,539 for
each
of
1948
.1.
sales
before
Federal
income
income
Net
profit
taxes
taxes
Common
—,
shares
outstanding
Earnings per common share
—Y« 167, p. 1697.
the
1947, respectively.—V. 167,
1947
nine
p. .749.
•'i
•
■
1946
*846*178
689,358
—
'
$12,497,205 $13,550,442 $16,684 337
1,836,736
1,227 635
2 226*784
482,746
$1,147,378
$744,889
252,329
$1,380,6'
$2.95
$5.
SEC
the SEC
8,000 shares 6% cumulative prior preferred stock ($25 par); 16,000
($1 par) common stock and 16,000 shares of common to be
upon exercise of warrants held by owners of the prior prefer¬
shares
issued
amounted
Park & Tilford, Inc. (& Subs.) —Earnings—
Profit
a
Inc.
Quarter Ended: March 31—
Net
Federal
The
Products
months ending March 31, 1948 and
,
manufacturing plants and amortization
$4,310,145; 1947, $3,799,781; 1946, $3,129,-
of
Pacific Associates, Inc., San Francisco—Files With
From Jan. 1—
Gross
a
$6,055,624
1948
•
railway!
railway.
1948.—V.
1
oper.
and
expenses
Gross
Other
361,676
Oklahoma City-Ada-Atoka Ry.—Earningsfrom
31,
based
$
2793.
May—.'
owned,
$430,895
34,472
230,499,087 210,015,780 173,064,785
■'Cost of sales and other oper. exps. 194,762,332 172,016,305 136,355,677
Sell., gen. and admin.) exps
15,625,904
12,735,596
18,964,895
Prov. for management bonus.
609,500
657,416
642,500
Interest expense—.
31,675
44,395
356,542
Number
Gross
March
Year Ended March 31—
1945
—V.
...
4,414
securities
on
$108,961
8,717
$100,244
42,107
$55,175
and
375,000
$1,407,000
gregating $1,369,196
expense
income
98,503
$435
430,460
$10,457
$13,068
NOTES—During the period there occurred
Net sales
860,000
$2,750,000
__
CONDENSED BALANCE
debentures
1947
Apr. 1, '46
$2,264,000
2107.
dividend
referred
$27,137
Net income
Federal
Net
p.
revenues
March
1946
6,034
31,
the
of
375,000
u
market
on
1947
-
$26,825
Contingent provision
1948—12 Mos.—1947
$3,520,838 $44,112,421 $39,812,421
1,631,406
21,713,269
18,196,811
278,416
3,443,620
3,247,920
plant
Int. on long-term debt
Amort, of debt discount,
Net
1948,
ACCOUNT
INCOME
Net profit from sales of securities--
Dec.
61%
1,188,000
contingencies
Period End. Mar. 31—
nor
:
$71,608
per share
the preferred
outstanding.
Corp. by Lockheed
stock
167, p. 945.
Prov.
remaining outstanding 5% debentures of the
amounting to $474,000 together with the
$378,000 maturing on. the same date have
Balance
of
Finance
profit
Gross
no
Expenses
tion
Pacific
of
$20.54
for
such
Panhandle Eastern Pipe Line Co.
1948
of
income
on
to
of
'48 Mar. 31, '47
$2,970,000
$4,880,000
1948.
investments—Dividends.
Interest
Total
equal
coverage
$100
tBased
Owens-Illinois Glass Co. (& Subs.)- -Earnings—
1948—Month—1947
$3,728,082
1,822,712
—V.
provision has been made
for possible
directors'
of the company's holdings
figures
appreciation
31,
COMPARATIVE
Ohio Edison Co.— -Earnings—
—V.
31,
taxation
3 Months End. March 31—
1948—4 Mos.^-1947
$6,269,202 $34,014,756 $29,303,667
30,000
98,147
77,566
$1,101,420
1,108,830
166,
"■After
company,
provided for to the. extent of $700,000 by an unsecured bank
Joan due Oct'. 1, 1948' bearing interest at 2 % %. The balance nec¬
essary was supplied from the company's cash resources.
Inc.
was
asset
each
Mar. 27,
quotations, amounted to $1,535,918, as compared with $1,556,765 on
31, 1947. The net assets per share of outstaading capital stock
equivalent to $10.83 as compared with $11.03 on Dec. 31, 1947.
the
of
(& Subs.)—Earnings—
were
Net income
Net
—V.
$8,678,321
for
Federal
for
$48,899,108
to
38%.
end
2,130,000
per
Overseas Securities Co., Inc.—Quarterly Report—
In
net
for
stock
common
shares
,
Interest
Co.—Earnings—
rev.
Operating revenues
Operating expenses
Operating taxes
Net
subsidiary
profit of $49,552 for the three months ended March 31,
Net income
■t
Canadian
167, p. 2471.
Ohio Bell Telephone
the
Pan American Petroleum &
$1,202,166
1948, after providing $46,300 for taxes on income and a net profit of
$111,595 for thfe six months ended March 31, 1948, after; providing
$83,700 for taxes on income, are included in^'the above statement con¬
verted to United States dollars at the current rate of
exchange of the
Canadian dollar at March 31, 1948.—V.
167; p. 655.
The
stock
common
and
$397.60
profit—
Net
$427,270
share
net
was
the
at
charges
Earnings
shipping, selling, general and administrative expenses.
594,288 shares of capital stock outstanding.
a
compared
as
increase
Quarter Ended March 31—
Profit before Federal income taxes
26,000
26,000
to
"'Plus
showing
The
and
carried
per
$67,614,439
was
outstanding
taxes
Common
earned
the
to
of
Federal income
other contingencies
profit
portion
a
healthy increase during the first three
a
Capital shares
outstanding
Earnings per share!
—V.
Fed., Wisconsin,
& Canadian
year
1948,
equal
after
Reserve
Loss
Prov. for
of
31,
was
Income
service on dis-
cont'd
this
discounts
value
March
Net
taxes-
inc.
for
Corp.
to the same period in 1947.
This was
financing as well as in direct consumer
the volue of loans and discounts acquired for the
Quarter Ended—
$2,081,160
chgs.
Aircraft
filing
the
sales
period in 1947,
and
Pacific Mills
been
715
rev.
revenues
$219,391
,.195,147
$2,007,992
73,168
company
,
revenues
258,581
plant & equip.
unsecured
Operating
98,236
Lockheed
from
resulting
con¬
{Restated
11,241,074
131,444
adjustment
Corp.
compared
as
Dec.
Plummer,
the
same
Ownership
Net profit before other
dis¬
Chairman, stated that
the first six months' operations will show ah
adjustment and operating
loss.
He added
that
he
confidently believes the company will be
showing a profit in the immediate future.
It is unlikely, however,
he said, that the
organization will earn the large profits it made in
1946
12,985,960
with
return
Aircraft
of
filing
Aircraft Corp. remains
at 294,537 shares, representing
481,803 shares outstanding.—V. 167, p. 1474.
1948—6 Mos.—1947
$7,045,751 $15,443,517 $13,444,213
6,029,728
year-end
from
resulting
Lockheed
$0.72
$0.41
$0.80
with
310,000
310,000
481,803
adjustment
return
the
Specifically,
stock
Subs.)—
$2,198,976
69,401
cash
as
27,500
$223,181
March, 1948, re¬
flected the same trend, and amounted to
$85,855,460 compared with
a
figure of $57,000,720 a year ago, an increase of 51%.
Compared
to
Joans and discounts outstanding
at the end of 1947, the first
quarter position represents an increase of 5%.
,
divi¬
a
rate
same
1947.
V
common
15,
27,500
$128,281
stock
business showed
1948
quarter of
Loans
at
6,864,306
Net profit from opers.
Other income
on
(Del.)—Weekly Output—
for
company
(&
to
installment
the
Profit
Net
7-
first
Prov. for deprec. & amort.
NOTE—The
Northern
Co.
1948—3 Mos.—1947
$7,892,130
"■Cost of products sold—
1941.
2364.
loans.
for
of
of
in
true
,
to
In addition to Mr. Hancock's election, the matter of the declaration
of the dividend upon the convertible
preferred stock was considered
and It was the tense of the meeting of the board that no action be
at
Manufacturing
tax
consolidated
Book
&
sales
|
taken
Marine
Period End. Mar. 31—
Net
a
L.
$250,681
Maxwell C. King, President, said in part:
$938,545
2,000,000
$0.42
..
December,
1946, will remain in that capacity and Herbert C.
Rausch, Pacific's Vice-President in Los Angeles, will retain that posi¬
tion. .Robert E. Hallberg, a North American executive, becomes VicePresident of Pacific Forwarding Association and a member of its board
of directors.—V. 166, p. 2107.
$300,881
1947.
Volume
-(
President of Pacific
Sloss,
*50,200
$155,781
$385,336
stock
year-end
income
effect
months
______
$1,473,859
2,000,000
$0.69
$3,006,084
2,000,000
$1.45
—
—
,
Pacific
Forwarding Association now handles l.c.l. shipments from
the Eastern Seaboard and the Middle West to the States of Arizona,
California and New Mexico, but has. an application pending before
the Interstate Commerce Commission for an extension of its operating
rights which, if granted, will make it possible to reach virtually the
entire area west of the Rocky Mountains.
Organized approximately 12
years ago as the Albuquerque Freight Association, and subsequently ex¬
panded into California, the forwarding company was managed in Los
Angeles until December, 1946, at which.time the company was pur¬
chased by new owners who moved the general offices to Chicago.
a
of
*9,798,789
8,605,953
98,020,496
69,639,399
20,384,579
13,048,967
5,414,689
3,762,033
2,467,862
1,547,172
890,000
560,000
104,003,,
48,627
100,348,851
22,296,431
8,541,103
Federal income taxes—
Miscellaneous
1946
give
of
1947
-
24,295,582
profit
Profit
that
freight
reflecting
to
1948
Orders completed
Gross
announced
"Not
$23,290,668 $10,741,544 $32,243,894
-
Uncompleted orders March 31
against orders
North American Car Corp.—Acquisition—
"'145,100
$425,492
40,156
requirements—
common
ing at end of period
Earned per share common
,
,
Quarter Ended March 31—
Bills
corporation
$2,533,721
$3.06
Otis Elevator Co.—Earnings—
Orders
registrar for the issue.
$300,881
397,'000
'
dividend
solidated
vately $600,000 1st mortgage bonds, 3%% series A, due
Bankers
applicable to
per
—V. 167, P. 2472.
July 1, 1973:
$822,492
income taxes.
income
Net income for
—
has placed, pri¬
company
$4,035,549$2,961,221
427,500
v 427,500
2-
-
—
dividend requirements
stock
for Fed. inc. taxes
Federal
No. of shares of com. stk. outstand¬
the New
Telegraph
&
income
Preferred
the New
common
1946
After
Prov.
Gross
Net
Big Board—?
stock was removed from listing on
Curb Exchange on July l and admitted to listing on
Stock Exchange.—tV. 167, p. 2471.
par
1947
1948
Originally
Year-end
Reported Tax-adjust.
Preferred
Noma Electric Corp.—Listed on
$10
Corp.—Earnings—
Three Months Ended March 31—
were
greater than on Nov. 30, 1947, and 25.8% larger than on May 31, 1947.
(On Nov. 30, 1947 total net assets were $33,638,762; on May 31, 1947
they were $29,739,036.)
As of May 31, 1948 there were 17,484 share¬
holders and 3,841,829 shares outstanding.—V. 167, p. 2034.
The
at par.
Proceeds will be used to pay
a wholly owned subsidiary, Klamath
Works, Inc., and for additional working capital.
Talbot, San Francisco, will act as selling agents.
Machine & Locomotive
$18,778,801 $16,677,391
8,058,100
7,653,154
940,033
687,625
1,621,186
1,847,134
1,144,761
960,002
2,335,000
1,975,000
—
Retirement
stock.
ence
1948
revenues
Maintenance
at a new high on May 31, "the
The new figure of $37,400,807 was 11.2%
company
FINANCIAL
12 Months Ended April 30—
Operating
General
Higher-
New York Stocks, Inc.—Net Assets
&
Oklahoma Natural Gas Co.—Earnings—
made
contracts
Exchange
stamped
COMMERCIAL
252,328
$4.55
_
252.3:
Volume
THE
Number 4715
168
COMMERCIAL
v.-•"*: V. •''!
Park
The
Lexington Co., Inc.—Interest Payment—*
in
the
be
Curb
Exchange, beginning
leasehold^ sinking fund
amount
the
to
York
New
mortgage
fixed
dealt
of
$5
semi-annual
in
interest
interest"
"'and
$15
the
to
bond.
per
of
extent
The
bonds
fixed
the
FINANCIAL
i* !
CHRONICLE
Y-V;,.r'
■.
Pepsi-Cola Bottling Company of Memphis, Memphis,
Phoenix Glass Co.—Dividend Increased—
Offered—Bullington-Schas &
Co.
and
Leftwich and Ross, Memphis, Tenn., on June 7 offered at
$5 per share 58,000 shares of common stock (par $1). The
stock was offered as a speculation.
1, 1964, ex Interest
representing interest in addition
of
&
,"v.
r'
Tenn.—Stock
quoted the first
28,
bonis due July
bond,
$1,000
per
June
f
■
will
interest.—
V. 167, p. 2581.
Transfer
The
able
Parke Davis & Co.
Net
March
Ended
(& Subs.)—Earnings—
31—
1948
sales
and
was
Profit
bottles
before
income
taxes
declared
stockholders
declared
made
according
have
to
to
dividend
a
of
the
at
record
last
of
cent
one
July
23,
quarterly
share,
per
pay¬
1948.v This is double
meeting
the
of
,
company
possible due to increased earnings In the past quarter,
an
announcement.—V.
168,' p.: 50.%-:/''; •'%,
agent, Union Planters National Bank & Trust Co., Mem¬
HISTORY
_
1946
1947
$18,369,443 $18,196,689 $15,311,794
30
dividend
Pioneer Service & Engineering
Co.—Weekly Output—
phis, Tennessee.
Quarter
directors
July
the
AND
Electric output of
BUSINESS—Company,
a
Tennessee
corporation,
nationally-known, non-alcoholic, carbonated
as well as "Pepsi-Cola" syrup for
distributes the
and
cola beverage
known
at soda fountains.
4,229,300
5,508,946
4,858,735
use
1,627,000
2,168,000
1,891,000
the
pared
The original company was Incorporated in 1925 as the Orange Crush
Bottling Co. which became the Pepsi-Cola Bottling Co. on Dec. 19,
1941, although the Pepsi-Cola franchise had been acquired about six
an
>
.
the operating companies served
by this company
ended July 3, 1948, totaled
252,753,000 kwh., as com¬
190,828,000 kwh., for the corresponding week last year,
increase of 32.5 %•*—V. 168, p. 50.
for
"Pepsi-Cola,"
as
week
with
,
Federal
and
foreign income taxes—
Net profit
Capital shares
Earnings
—V.
166,
$2,602,300
outstanding—:
share-;
per
2314.
p.
$3,340,946
$2,967,735
4,892,190 *
4,891,585
$0.68 V i; f; $0.61
4,892,190
$0.53
%v'
,
/■;
..
4 Parker Appliance Co., Cleveland, O.—Redeems Pre¬
i;
ferred Issue—
C.
,
H.
of
as
Wagner,
June
entire
convertible
value
Vice-President and Secretary, announced that
Jr.,
the
30
company
preferred
By
to
the
capital of the company was reduced from
outstanding only the common shares of
to 322,885 shares- of an authorized 400,000
stated
leaving
$322,885,
amounting
company,
shares.
its
assets
has
funded debt and
no
and
its
immediate
exclusive
Parker Rust Proof
—V.
1947
$321,821
429,498
$0.84
$0.75
share
per
owns
company
GIVING
EFFECT
TO
stock
Authorized
(par $1)
has
company
OFFERING
PRESENT
Net
sales
Cost
of
$2,790,074
1,640,283
Belling, warehouse, and admin, exps.
Profit
from
Income
370,608
356,760
$253,923
operations
$189,842
credits
23,294
10,680
income
$277,217
$200,522
charges
3,570
$38,080
12,614
89,567 shs.
250,000 shs.
preferred
no
Income
Prov.
for Fed,
and
inc.
State
taxes
Proportionate amount of Federal
cess
r,
*
101,743
$50,694
4,173
4,378
73,952
to
presently contemplated,
financing: Payment of
has
(Miss.),
minor
stock
bonded
or
out¬
indebtedness
Quarter
obtained
changes,
application
estimated
payable,
notes
of
the
trucks,
of
the
represents
proceeds
purchase
$80,000;
purchase
$55,000;
the following
of
bottles,
Income
of this
stock in
$5,000,000
a
"This
loan
tain
capital
world
He
contains
directors
the
working
referred
that
to
cents to
of
Mack
Mr.
reduction
recent
cents
in
earnings
in
view of
Net
income
Earned
$171,904
$122,192
$131,928
190,000
$0.80
190,000
182,000
$0.53
$0.55
"
share
per
CONSOLIDATED
Quarter Ended March
Profit
CONSOLIDATED BALANCE
ASSETS—Cash
accounts
hand
on
receivable
and
(after
SHEET, MARCH 31, 1948
demand
for
reserve
deposits,
doubtful
and
of
inventories (at lower of average cost or market),
sinking fund for retirement of preferred stock (cash on
deposit), $130,798; notes receivable not due within one year, $105,402;
property, plant, and equipment (after reserves for depreciation of $2,207,005), $2,032,821; deferred charges, $31,224; total, $7,790,365.
$3,782,254;
LIABILITIES—Notes
payable
Federal
$245,372;
to
and
banks
State
(current),
income
$100,000;
taxes,
other
accrued taxes, $41,084;
accrued payrolls, expenses, etc., $132,270; notes
payable to banks inon-currcnt), $550,000; reserve for contingencies,
$501,168; $4.25 preferred stock
(17,873
shares without par value),
$1,787,300;
stock
common
($1
value),
$190,000;
capital surplus,
$647,539; earned surplus, $3,156,446; total, $7,790,365.—V. 166, p. 1154.
Parmelee
Transportation Co.
Quarter Ended
Profit
before
Federal
March
Federal
♦Includes
p.
1946
$272,155
*$994,526
63,646
126,211
344,055
$145,944
721,905
721,905
$650,471
721,905
$0.06
outstanding
$0.20
L
of $100,000.
Quarter Ended
March 31—
income
1948
taxes
1947
1946
$427,598
$542,039
$384,738
173,012
before
217,299
156,135
taxes
First
With
the
following
of 25? shares of
Net
earnings
Earned
—V.
shares
per
167,
share
common
$324,740
321,860
$254,586
321,860
outstanding
$228,603
$0.88
$0.67
for
company
the
21,190
of
stock
June
on
of
shares
one
new
to
the
of
three
in
24
filed
a
holders
(par
Industries,
Pennsylvania
each
of
common
outstanding
each
for
$6
statement
Inc.
for old
shares of
28
registration
stock
exchange
for
institution of litigation
made by
was
the
(old
and
company,
cumulative
preferred
with
preferred
shares
193,797
stock
basis
on
share.
Pennsylvania Industries Corp. above.—V.
162,
p.
the
to
Permanente
of
transfer of Permanente's Trent-
Metals
investigated
fully
offering
Nevada
to
Ripley & Co., Inc. and Lehman Brothers on July 8
offered
$9,900,000 2l/2%
equipment trust certificates
(second instalment) at prices to yield from 1.50% to
2.75% according to maturity.
The
issue
received,
99.788;
was
all
for
Halsey,
awarded
a
July
2%%
Stuart
7
on
coupon,
&
Co.
bid
a
99.145.
Other
bids
Salomon
were:
Inc.,
of
99.747;
Bros. & Hutzler,
First Boston Corp.,
The
Metals
,
-The
certificates
will
mature
$660,000
annually
May
1,
1949-1963,
both inclusive,
,
t
Hotels
Statler
Co.
The
above.
makes
From Jan. 1—
>
from
ry.
railway
railway
from
Net
oper,
and
U.
has
Corp.
received
no
are
a
time
the first
for
of
aluminum
the
stock
plant
at
action
at
Wilmington
allegation that Henry
Kaiser-Frazer
concern
stockholder's
time
$4,321,269
8,183
$4,562,538
$4 313,144
income—
6,583,455
,
;
,,
10,603,518
•
3 Months Ended March 31—
■
52,615,680
*4,783,539
May
Gross
NOTES—(1)
.
•—1
;
deductiqhs-LL.u.-^>-
income V
Earnings
—V.
per
The
Utilities
statements
Commission
the
of
District
The company has one
The
consolidated
for
31, 1948,
period -and
includes
that
all
been
eliminated.—V.
months
thereafter,
results
sales
transactions
Gosnold
profit after charges &
Earned
per
share
after
his
the
12
of
the
for
to
of
reserve
$8,531,350
to
—V.
167,
1.
associates
Mills
January.
ended
for
subsidiary
period
have
Corp.)
Mar. 31,'46
*545,329
570,061
548,797
$0.91
$0.95
$0.91
taxes—
.
$200,000
and
$4,273,147
contingencies.
for
$2,250,855,
respectively,
working capital
Consolidated
p.
1944.
22,
in
months
that
Total current assets and current liabilities at April 3,
3.79
July
acquired
Apr. 3,'48 Mar. 31,'47
$6,958,500
$5,267,846
__—
Net
assignment
and
ended
months
dated
it
for
operations
of
intercompany
167, p. 2582.
(Including
Net
Columbia
of
statement
Quarter Ended—
the
Kaiser
12
Alexander, Inc. (& Subs.)—Earnings—
1
that date," the complaint states, "Henry J.
directly or indirectly owned 43% of Per¬
two
$3,094,588
the
subsidiary which
income
March
of the Trentcost of $49,000,000" was made
a
income
i
1,218,556
$3,205,214
1948
amounted
for a current ratio of
amounted
to $6,280,995.
2260.
of Permanente."
July
on
Kaiser-Frazer
it
"the
1,357,325
associates
Within
2 also
received
Corp.
to
was
get
only
charges
for
the
that
"the
Procter &
which
consideration
lease
was
entirely inadequate
requirements of aluminum,
market prices."
For the year
•Consol.
to, but not in excess of 40% at
ending May 31, 1947, the complaint alleges, "Kaiser-Frazer*purchased
only $50,000 in aluminum sheet and for the year ending May 31, 1948,
Trentwood's
representing
l/10th of
1%
and 4.10%
respectively
sales."
gross
Gamble
Co.
9 Mos. End. Mar. 31—
manufacturing
up
distribution
Otis "&
and
1946
1948
$615,354
1947
$586,041
$640,586
88,870
110,346
$674,911.
166,275;
Co.
that
all
-1™
common
share
167,, p. 1475.
—
$537,595
$1.18
of
as
the
net
(& Subs.)—Earnings—
1948
1946
1947
1945
earnings— $32,270,466 $26,032,229 $15,061,909 $14,662,97«
$5.01
$4.04
$2.32
$2.22
Earns, per com. share—
•After
depreciation,
Federal
appropriation of $34,000,000
of
price
;•'
earnings
the
decline
amount
which
be
has
it
For
and
of
in
as
income
an
after
1947
etc.,
taxes,
and
in
1948
after
addition to the reserve for Inventory
reserve
for
March
31,
price
inventory
decline
of
Kaiser-Frazer
compelled
received
to
Corp. asks in the
assign to Kaiser-Frazer any
from
the
War
Assets
in
$29,500,000.
Since
i
-
^
-
Otis
is
&
expected
■
Co.
;■
•
■'%:
.;
.
V
3 Months Ended March 31—
Gross
operating
expenses
Maintenance and repairs
::
Jli'riv
' $505,104
$1.11
$576,761
$1.27
Net
the week
Other
3. 1948, amounted to 136,696,000 kwh., an increase of
kwh., or 19.2%, over the corresponding week of 1947.—
.
i
.?
:■
'<r
past
L.
two
Corp.—V.
years
168,
-
.
of
he
p.
the
corporation's
has: 'served
50.
as
International
Factory
Export
division.
Manager
For
Net
<
Prov.
Romeyn has- been apoointed Vice-President and Factory
Manager
v;»vV
1948
r
1947
1946
$9,909,272
$8,090,940
$6,758,684
4,878,615
3,807,754
2,806,221
334.320
347,352
267,160
686,960
509,204
501,088
631,856
579,492
486,107
for
for
income
operating
taxes
revenue
956,140
908,313
$1,890,996
$1,789,793
6,569
income
&
other
5,784
15,453
$2,143,764
income
interest
1,240,326
$2,137,196
$1,896,781
$1,805,246
494,222
435,179
-V 487,891
$1,708,585
pfd. stock—170.000
$1,408,889
99,722
$1,311,023
$1,538,585
$1,309,167
$1,211,310
charges
v
;Philco Corp.—New Appointment—
'Export
'
depreciation
Gross
•Total
.(
r
"
(& Subs.)—Earnings—
(other than income)
Provision
Taxes
—
for
revenues—
Operating
V. 168, p. 50.
$750,932
169,806!' 1 I'M, 170
July
1948,
'
and
The electric output of this company and its subsidiaries
22,023,000
ended
*
that
Philadelphia Electric Co.—Weekly Output
ended
months
Public Service Co. of Colorado
Permanente are both Delaware corporations
the current action will be heard quickly.
The
July 2 action was brought, by Killoran & Van Brunt of Wilmington
in association with Miller & Hornbeck, Cleveland
attorneys, and Arnold,
Fortas & Porter of Washington.—V. 168, p. 49.
it
nine
Administra¬
tion, and account to Kaiser-Frazer for all pi'ofits from the Trentwood
operation."
the
provision has been
made for U. S. and foreign income taxes of $39,090,000; 1947, Fed¬
eral income tax of $32,960,000; 1946 Federal income tax of $9,455,700
and
excess
profits
tax
of $639,000;
1945
Federal income
tax of
$10,410,000 and excess profit tax of $909,000.—V. 167, p. 1475.
>;
the Permanente Metals Corp."
of
stockholder
a
"Permanente
leases
Radcliffe
Net
his
action
The
"On
1946.
10,
owned 65%
since
charges
31, 1947 and 1948 reflect appropriate retroactive adjustments
giving effect to recent judicial determination of an order of the Public-
Provision
$703,870
—
income'
Total' income
58
March
•Also
to
and
manente.
-
„
subsidiary
income
Net
,
88,516
,
income
Income
t
from
(net Dr)
income
Gross
immensely valuable
transferred- from Kaiser-Frazer to
was
%
29,833
revenue..
interest
and
the
July
1
1947
$4,592,372
operating
income
Net interest
J. Kaiser,
"owned less than 10%
Corp.,
the
on
on
\
1948
$28,248,358 $24,601,038
15,343,835' 12,607,948
2,079,240
1,691,280
1,881,124 *• 1,686,152
1,437,169
(2)
Court
$0.60
2,857,221
1947.
York
New
84,871
:
-J'
Co.—Earnings—
communication
and material facts have already
weil known to the government.
District
S.
the board
of
the
of
Kaiser
Pennsylvania Water & Power Co. (& Subs.)—Earns.—
Other
$0.86
<
1,306,654
Net
of
followed
in
automotive
th'e
of
,
389,968,466 363,704,723 312,097,365 409,841,381
46,553,542
44.155,742
15,233,863
94,559,162
♦Deficit.—V. 167, p. 2793.
Operating
169,742
$1.98
339,484 shares
depreciation
Powdrell &
filed
public
Chairman
the
1948
1947
1946
'
;
1945
$87,454,783 $78,554,575 $53,459,677 $85,996,534
15,342,460
12,057,239
*3,950,763
22,262,191
6,236,417
5,396,640
7,773,632
13,465,189
Gross, from railway
Net from railway
Net ry. oper. income
Net
1894.
for
Dividends
Delaware, and Kaiser-Frazer Corp. of
the Trentwood (aluminum) rolling mill, near Spo¬
which
suit,
issue
action
,'^ay—%*
Gross
on
3,045,132
Other
complaint adds: "Henry Kaiser and his associates received large
and
exorbitant; sums of money—purportedly paid for alleged man¬
agement services—enabling them to further concentrate to themselves
EARNINGS FOR MAY AND FIRST FIVE MONTHS
.
339,484
■
share
per
The
Sells Hotel Pennsylvania—
See
125,000
$203,324
Provision
all requisite
Corp.
recover
only $250,000;
99.33.
125,000
$290,491
.
Provision for income taxes
kane, Wash.
same
42,203
$670,669
Taxes, other than income taxes
has
Co., Cleveland investment bankers, on July 2 filed suit in
Delaware, Court of Chancery, at Wilmington. Del., against
Permanente
on
Pennsylvania RR.—Equipment Trusts Offered—Harri-
contingencies
profit for the period
Maintenance
the
covering
prospectus
the bill of complaint,
wood mill built by the government at
man
225,000
% 79,521
% 205,000
operating revenue
Operating expenses
The suit
Wilmington, Del.
Sued for Trentwood Plant—
According
1397.
365,000
income
Potomac Electric Power
Permanente."
Bee
58,916
86,501
12 Months Ended March 31—
H. Bender of Cleveland, the supplement to
takes cognizance of his having notified the Securities
he expects to undertake an investiga¬
tion.
The supplement states that if and when the Sub-Committee of
which Congressman Bender is Chairman; or any other congressional
committee having jurisdiction, serves notice that hearings are to be
commeiiced, the corporation will be glad to' cooperate.
However,i!the
lease
Pennsylvania Industries, Inc.—To Reorganize—
45,140
67,740
75,356
Total
Congressman George
&
$713,966
61,138
Fed. taxes
for
2,221
$839,873
76,848
inc.
on
for
on
$711,744
2,927
Exchange Commission that
be exchanged
to
company), viz:
common stock on basis
company
old
$10)
expenses
$2,486,285
$836,945
?>,
$1,249,012
general
1946
'•
>
$3,085,136
4,608
depletion & deprec
by Eva Lefker,
prospectus
Otis
covering 214,987 shares common
&
—V. 166, p.
been
prepared bringing the facts up to date regarding this litigation, in¬
cluding reference to institution of an action by Otis & Co. on July 2,
through its attorneys, Killoran and Van Brunt.
This firm has been
frequently associated with the Washington firm of Arnold, Fortas
and Porter, counsel for Otis & Co. in other legal matters in Delaware.
supplement
been
1849.
*|2,248,19L%:> 1,774,540
$1,244,404
for
Earned
the State of
Pennsylvania Industries Corp.—Registers With SEC—
The
BEC
operations.
Dividend declared
$0.59
1926.
p.
announcement
.This
ago.
the
seeks, among other things, to compel
wood plant to Kaiser-Frazer Corp.
321,860
167, p.
1948 -J947
2,478,190
from
Provision
stoc^c of "KaiSer-Frazer Corp., on, July 1, through
killoran and Vain Brunt
attorneys
from
"
•
$3,722,594
Prov.
Corp.—Financing Consummated—
plans mtade §ome time
A
31—
Prov.
Boston
underwriters
her
$0.98 'Nil
$Loss.—V.
50.
p.
Taxes other than Fed. taxes
5,752,004
\,$0.34
„
168,
income
Admin.
Corp., Dean Witter & Co., and a nationwide group
banking firms which on June 30 offered 600,000 shares
stock, consummated the financing, on July 7, in accordance
owner
$1.34
in preferred stocks,
arrears
114
$716,472 $$1,177,697
508,917
508,917
508,917 v
share
sales
Total
investment
corporation believes that
Common
$1,970,000
5,752,004
$0.17
the
Pennsylvania Glass Sand Corp. (& Subs.)—Earnings-
Income
1,120,000
$960,000
and
Profit
$3,090,000
510,000
Permanente Metals
capital
outstanding
common
sales
of
Net
The
per
$8,505,456
$1,177,583
2142.
Although
non-recurring profit on sale of capital assets
2142.
shares
Income
$1,470,000
profit
Capital shares outstanding
Earnings per share
of
-676.400
$900,310 >
1946
••
1,323,072
' 606,600
Interest income
1947
1948
taxes
—V. 165, p.
1947
$18,348,789
1,576,710
_
Months Ended March
3
Cost
ACCOUNT
31—
taxes
1948
$22,219,467
profit
Gross
$0.90
share
per
—V. 165,
1947
$107,293
taxes
shares
Earnings
Subs.)—Earnings—
1948
taxes
income
profit
Capital
(&
31—
$43,647
income
Net
par
INCOME
167,
Pond Creek Pocahontas Co. (& Subs.)—Earnings—
company's dividend from
that present estimates indi¬
be greater than the larger
"will
Net
accounts
$439,186;
$0.37
31—
taxes
123 brokers.—V.
and
accounts
$33,000), $1,012,516;
payable,
before income
Income
notes
$695,350;
notes
8,849,22-!
$0.76
uncer¬
sai.d.
the
share, noting
a
quarter
especially
dividend."
Number of common shares
8,899,622
$0.75
Playboy Motor Car Corp. — Nearly 4,500,000 Shares
Sold—Teller & Co., investment bankers, on July 2 an¬
nounced that up to that date orders for stock of the
aforementioned corporation totaled 4,456,659 shares from
payment of dividends
made "to assure adequte
is
-
15-year
the
on
and
years,
conditions,"
the
12 Vx
second
period
a
economic
cate
restrictions
no
deem- onerous,"
over
March
Income
♦Disregarding
3% loan
Walter S. Mack,
The proceeds will
unsecured
1946
8,939,622
taxes
Net
etc.,
cases,
.(•
1947
tAfter inventory reserve.—V.
taxes,
—_
before
Common
Jr., President, announced on June 30.
be added to working capital.
17J/2
Crl06,000
>
:
Ended
sales
Profit
from the New York Life Insurance Co.,
20,593
ex-
profits tax carry-back claim-
1948
Pittsburgh Steel Co. (& Subs.)—Earnings—
.
Net
PURPOSE—Subject
which
Gross
i
$66,731,935 $62,589,324 $37,177,894
6,667,895
$6,729,214
3,330,82„
charges and income
•Earnings
$1,736,447
1,356,559
341,808
$2,186,885
2,165,543
goods sold
31—
(
Pepsi-Cola Co.—Places Loan Privately—The company
1946
1947
March
——
Outstanding
-
Nil
-
946.
P-
$60,000; unallocated balance, $37,000.
1948
Ended
Capital
shares
outstanding
Earnings per share—
standing.
Parkersburg Rig & Reel Co. (& Subs.)—Earnings—
3 Months Ended March 31—
$1.25
1946
^
i
income
•Net
franchise
i
Greenwood
165, p. 216.
present
$1.54
167, p. 2136.
Sales
♦After
The
1948
$362,210
429,498
profit after charges and taxes
Capital shares outstanding
The
1936.
220,OOo
...
Co.—Earnings-
Quarter Ended March 31—
Net
since
*$31,248
220 000
Pittsburgh Plate Glass Co. (& Subs.)—EarningsQuarter
in Memphis
rights for Shelby and Tipton Counties, Tenn.,
and DeSoto County, Miss., including the city of Memphis and all other
cities and towns in those counties;
Common
Earnings
territory
1947
$274,155
330,000
share.—
per
•Loss.—V.
,now
bank loans.—V. 167, p. 852.
no
Earnings
liabilities, v/.ith certain exceptions as to liabilities, being
the Pepsi-Cola Bottling
Co.
at Memphis
through an
stock.
By charter amendment, the company name has
become the Pepsi-Cola Bottling Co. of Memphis.
Pepsi-Cola has been continuously bottled and distributed
1948
$509,834
Net
and
acquired by
exchange of
CAPITALIZATION,
The company
Quarter Ended March 31—
profit after charges and taxes
Capital shares outstanding
prior.
On March 24, 1943, that company was acquired by the
present owners and two
companies
later
were
organized,
namely,
Pepsi-Cola Bottling Co. at Memphis and Pepsi-Cola Distributing Co.
On April 27, 1948', the distributing company was placed in liquidation,
years
the
$20 per share.
this action, the
$722,885
had redeemed at par and cancelled its
issue, amounting to 20,000 shares, par
Pittsburgh Forglngs Co. (& Sub.)—Earnings-
the
of Philco
*
income
for
...
_r
dividends
on
*
99,713
~
Balance surplus
—V.
167, p. 2035,
12
COMMERCIAL
THE
(156)
Public Service Co, of New Ilaropshire^To, Borrowr-
FINANCIAL
&
CHRONICLE
Monday; «JuIy 12; 1948
Deliveries
St. Louis Southwestern Ry.—Earnings—
.
end
On
to
July
Period End. May 31—
the company asked the SEC for authority to borrow up
By that date It expects to issue $5,000,000 of
6
Rv
bonds.
'
oper.
Ry.
$5,500,000 by Oct. 31.
oper.' expenses
Net
Paying Agent Appointed—
York
New
paying
for
agent
the first
N.
due 1978.
,
Period End.
Operating
Steam
125,788
power
3/416,383
-
67,529
3,133,825
781,373
;96,392
82,222
1,015,246
131,473
118,493
1,443,494
1,288,373
100,700
91,100
514,000
$255,853
$233,112
$2,173,197
way
(net)
307
.'143
^
-
1,121
•
.other
$2,173,340
$231,991
$256,160
.
.38.832
.540,437
$193,159
$1,632,903
28,560
28,900
341,700
$2,158,106
352,179
■$164,259
$1,291,203
$i;805,927
$0.20
$1.54
$2.15
$0.21
share.
com.
*Loss.—V.
.
52,301
'$203,859
-
——
dividends
per
167,
Net
-
Public Service Electric & Gas Go.—Transfer
the
Trust
preference
dividend
$1.40
...
Bidding for
of
$5,399,662
159,136
—V.
stock
common
.
.
inc.—
it>l,l)4o,Uo9
$1,182,961
$6,171,080
$5,601,315
oper.
from
Agent—
and common
$780,298
J
.
banking syndicates-were
to
•dividend
issue
new
a
stock
of
$4,056,031
'
Chemical
Bank
&
.
.
in
the
bidders withhold
that
if
it
the
to
were
applied
has
build
with
the
to
451-mile
a
of Ei
facihties
to
miles
451
also
Period End. June
Net
Federal
Power Commission for
gas
pipeline of
26-inch
natural
to have a
would be
May
Co.
Under
the
26-inch
of
pipeline, the
miles of feeder
100
over
authorization
than
to begin construction
the Commission and to
by
Jan.
a
1,
as
soon
as
commence
(no
par)
reimburse
partially
stock
(stated
value
the
111.—V.
167,
right "to
"the
on
subscribe to
basis
3
p.m.
of two-thirds
record
of
July
on
of
June
16
share
a
for
have
30
additional
each
for
share
have
yet
tract
"from
July 6 announced it has purchased approximately
the former Jones & Laughlin Steel Corp. prop¬
Indiana, for future expansion, but that no specific
orf
developed
beCn
the
Laughlin: believes" it-is more economical to expand its
and has already appropriated $117,000,000 as the
a
major improvement and expansion program at other
in
step
not
Work
on
this phase of the program began in
entirely completed until 1950.—V. 167, p. 2583.
be
$2.50
of
Federal &
charges
Canadian
7,071,843
income
—V.
168,
shipments
purposes.—V.*;i66,
corporate
1523;
p.
shares
.
CONSOLIDATED
p.
in
the
May,
express
STATEMENT
51.
to employees'
profit sharing
622,428
19,225
146,110
Provision for Federal income taxes
,
.,
Capital
Connecticut^—New Di¬
Publicity Agent Appointed—
J
Net income,, carried to earned surplus"-.—1.
;Balance, Sept. 30 in previous year
.
D. Barr, President and director of The Red Rock Bottling
Cleveland, has been elected a director of the Connecticut firm.-
$316,025'
•
on
352,353
Dividends
.$895,857
on" common" stock
stock—"
preferred
Republic Pictures Corp.—Transfer Agent—
Chemical
The
pointed
&
transfer agent
'
1927.
P.
Bank
."
Co.,
Y., has been ap^and preferred stocks.—V. 167,
~
:
New
for the common
"
.'
Trust
•
.
Transferred .to
/
York, N.
-
Number
Revere Copper & Brass Inc.—Advances Prices—
-
from nine
prices.
Revere
ASSETS—Cash
The
increase
wage
to 16 cents per hour; for some,- it*is
most
for
jobs
other
'life
higher.—V. 167, p. 2364.
of
250,000
$0.37
$0.75
'
.
,
:
19'48—12 Mos.—1947
1948—3 Mos.—1947
"
services—
$3,123,187
$1,324,172
$9,271,080
$5,112,594
446,008
2,453,177
2,018,785
misc. inc. incident to
234.065
234,372
955,653
997,593
172,346
157,968
684,160
654,017
Dividends and interest
167,727
72,325
420,409
306,980
292,718
36,266
321,640
1,362,694
8,893
50,621
53,617
invest, bank, business
SHEET,
MARCH
31,
1948
'
fProfits
on
investment
securities, etc. (net)
1
Other
Totgl
$40,114;
in
cash
prepaid
business
surrender
value
of
insurance
insurance,
interest,
depreciated
(at
19,590
.
,
,$4,553,324
.taxes
Prov.
614,312
.
228,327
2,141,150
1,082,428
216,984
321,670
,
for
depreciation
and depletion
Int. & amdrt. of debt exp.
•
amounts),
$2,330,004 $14,156,740 $10,506,280
1,416,496
7,744,038
6,090,748
2.440,283
expenses
for-Fed. inc. taxes
Other
etc.,. $55,978;
"
"
XGeneral
Prov.
on
$14,824; office
building and land (after reserve for amortization of $28,057), $91,944;
furniture
and
fixtures (after reserve for depreciation of
$57,036),
Reynolds Spring Co.—Registrar Appointed—
18,155,844
'
Rents
on
$33,863;
used
-
ing and trading, and
receivable,
costs),
officer,
'
'
receivable
accounts
reconditioning
ranges
""
'
services
in-banks and on hand, $3,533,927; automobile lien
$11,925,622; dealers' floor-plan lien notes, $3,935,33$;
notes
21,185,560
^Supervisory and other
automobiles, household goods, etc., $1,953,(secured
by
miscellaneous
collateral.),
$1,625; repossessed automobiles,
etc.
(carried at unpaid balances of respective notes plus repossession and
107;
$978,453;
14,500,000
IF, 155.845
31,143,135
^Securities underwrit¬
750,000
BALANCE
personal instalment loans
~
—
$465,263
shares
CONSOLIDATED
automibles
•
.
$371,131
31—
common
instalment notes,
plained, to take ^care of I an -approximate 8%
rise in wages mow
accepted in jsome plants and offered in the others, and increases in
freight rates, supplies, and services which have not previously been
in
362,500
1-1—.
—
539,191
struction
75;001
Earnings per common share—
-.
C. Donald Dallas, Chairman of the board, announced that effective
July 2, this company is advancing its prices on copper and copper
alloy mill products about ,5%.
This is necessary, Mr. Dallas ex¬
reflected
of
account-
1——
^Engineering and con¬
31,254
.
-
>
.Balance,, March
25,007,234
14,000,000
,,
Period End. Mar. 31—
$571,518
»
37,226
125,000
stock
common
500,000
41,959,150
-----—
/Gross earnings:
'
.*
5,013,499
22,667,176
Stone & Webster, Incc (& Subs.)—Earnings—
$219,165
579,832
Total
Dividends
1947
'^56,133",525
500,Oflo
year——
167, pV 1262.
Richard
Co. of
10,037,851
debt
surplus
surplus
Earned
r
Red Rock Cola Bottling Co. of -
-
rector Elected
SHEET
412,912
27,721
210,683
Nil
BALANCE
78,928,732
liabilities
Current
340,453
trust
pens,
2,355,470
30,874,339
:
assets
Long-term
1,137,866
Int.
Contrib.
securities--
Govt,
Debt .due in 1
664,430
*$129,760
-$110,109,836 $81,204:104
27,458,014
19,945,144
—
Inventories
1947'
1,841,288
SELECTED
OF
—
S.
U.
'
int., ins. & carrying charges, etc.
costs, ins. cosls and prov. for credit losses
General operating expenses
$0.70
1948
$32,472,431 $17,015,770
Earned disct.,
2,355,465
$1.80
—
Cash
Current
1948
of business handled
1,115,000 Cr4,356,000
$1,655,760
2,355,466
ITEMS, MARCH 31
assets
Total
ACCOUNT
Months Ended March 31—
6
Volume
said.—
agency
INCOME
$4,251,846
outstanding
CONSOLIDATED
3% notes, it was announced on July 2. ;
on
1946
*4,485,760
-Loss.
,
corporation has borrowed $2,500,000 on a 6-year
maturity basis from The Mutual Life Insurance Co. of
New York
2,770.760
2,820,00()
..
T__
] Earnings per share
The
343,530
handled
taxes—
income
Capital
July 2 fi'.ed a registration statement with the SEC
covering 15,000 shares of cumulative preferred stock (par $100).
The
name of the underwriters will be filed by/amendment.
Proceeds will
on
1947
$91,670,776 $62,322,216 $25,135,700
Proiit .after
Net
be used for general
Off-airline traffic, consisting of air express shipments originating at
destined to non-airport
cities, amounted to 18.6%
of the total
of
1^48
;
-Sales.
-
'
and
1946
(& Subs.)—Earnings—
Quarter Ended March 31—
(Ed.) Schuster & Co., Inc. Milwaukee—Registers With
unwilling. to sell the
dividend rate of more than
use.
ground up."
and
Studebaker Corp.
stock
SEC—
in air express shipments handled in domestic airline
has been reported by the corporation's Air Express
total
its ultimate
for
the
the
givtn
common
held,
Rights are exercisable at the City Bank Farmers Trust- Co.,
22 William Street, New York, N. Y.—V. 167, p. 2692.
was
52.
is. south
of
company's
to
Jones
share.
The company
p.
(Indiana)—Buys Add'l Facilities—
present, facilities
first
at
168,
.
will
been
the corporation maintains
to its main office in New York,
in Hammond,
locations.
stockholders
resources
financed
sales
Standard's new research laboratory and
Whiting, Indiana refinery. T
^
■f
Jones and Laughlin Steel Corp. said it had disposed of the property
because of the exorbitant cost of building entirely new steel plants
Savoy Oil Co.,-Inc.—Rights to Stockholders—
common
accounts receivable financing
of
the firm exceed
and factored during 1347
in
Current
of
comprising
acres
plans
2582.
p.
Privately—The¬
$63,000,000.
The' "company
erty
Co.,
at Marion,
engaged
1932.
volume
Standard Oil Co.
share)
a
been
since
and
branches in Los Angeles and Chicago.—V.
960
the.SEC
$8
$59,714,202 $57,298,620
$9,056,646
ai}d
Chicago.
Proceeds will be used
treasury for .expenditures in connection
&
has
corporation
factoring
exceeded
possible
deliveries
letter of notification with
a
common
Davis
$1,000,000. plant
new
a
H.
1948—6 Mos.—1947
1948—Month—1947
*
$10,256,393
2583.
p.
$8-,000,000
The
filed
June 29
on
shares
#
number
been
has
H.
The
and
San
1951.
Paul
The
50.
168, p.
company
8,500
with
shipments were dispatched over the
nation's scheduled, certificated airlines during the month, compared
•with 318,826 shipments in May, 1947, it was reported.
or
Agent—*
Y.,
N.
Silbert, President, July 8 announced the pri¬
vate placement of a $500,000 10-year 4l/2% subordinated
vnot with Investors Syndicate of Minneapolis, Minn.
estimated by the company at $28,000^000.
was
167,
odore
pro¬
transmission
build
to
30—
—J
In addition
proposes
company
*
estimated
York,
New
Standard Factors Corp.—Note Placed
capacity of about
connected at its western
Gas
sales
•—V.
delivery
Natural
Paso
proposes
to
the bids until $ later date.
company
carry
"Times").—V.
Division.
An
Co.,
Spiegel, Inc.—June Sales Rose 13.25%—
Paso, Tex.—To Build 451-
Securities Acceptance Corp.—Places Loan Privately--
service
h
Service Co.—Transfer
Trust
145,668,927
appointed New York transfer agent for the common stock and registrar
for the preferred stock.—V.
167, p. 2139.
' ;
j
Underwriter,
,
of 7.7 %
v>3-
.
$
•
159,815,087
6,361,534
>
n
.
..
Sangamo Electric Co., Springfield, 111.—Files With SEC
Railway Express Agency, Inc.—Air Express Up—
A. gain
$
g
7,438,676
:
Southwestern Public
§3,490,449
.
to
company
The
'
.
1947
1.241,217
-
The
>
company
later
for
bidding deadline, the Public' Service
conference with representatives of the banking
disclosed
(New York
4.30%
$776,073
$4,731,666
earnings
168, p. 51.
adjacent
the
before
have
conference
The
$597,818
inc.
proposed line, estimated
cubic feet a day,
after
not
utility company at first was undecided whether
bidding terms by setting a limit to dividend rate or
to
864,741
price to yield 4.29%.
a
cost, whether to open the bids and reject them if unacceptable,
whether
or
$4,920,832
252,059
.—V.
.
public
the
$1,028,142
200,190
Gross
$4,583,720
147,946
Pipeline—
The
a
into
The
amend
84,105
$798,008
the proposed facilities
of
minutes
went
officials
-houses.
$4,£'36,727
33,610
Jan. 1 to June 30
1948
1947
9 Days End. June 30
*
•
dividend.
15
to
space.
1948
gathering lines; a compressor station: -with 3,000 hQrsepp.wer. ja .-.jiia'tural
gasoline extraction plant and a gas dehydration plant.
Total cost of
■.{
,
'
About
$994,532
17,710
income_
gross
addition
In
Juan
of the sale reached the financial district
the form of an announcement by George H.
the company.
Members of the rival syndicates,
however, unaware of the company's change of mind, had meanwhile
made public the rival bids after the passing of the bidding deadline,
the common practice of the financial market place.
The result was
that the bids of the rival syndicates were published on the financial
news
ticker although they had not been, presented formally to the
company's officials.
A syndicate headed by Union Securities Corp.
and White, Weld & Co. was prepared to submit the best bid—101.65 for
stock1 carrying a dividend
rate of 4.40%.
A syndicate headed by
Morgan Stanley & Co. was going to bid 100.55 for stock carrying .a
4.50%
is R. S. Dickson & Co., Charlotte.
purchase real estate, construct warehouse,
(Company will also se'.l the underwriter
stock at its book value as of June 30, 1948, but
used
display
1,017,5)5
distributing companies are now going forward.
in
a.m.
will" be
and
underwriter
Southern Ry.—Estimated Gross Earnings—
posal, El Paso would receive the gas from San Juan and deliver it to
companies which are now- selling g<*s to consumers in the -Bay Area.
According to the application, negotiations between El Paso and those
postponement
President
1,334,353
167, p. 2692.
The
expecting that the syndicate prepared to submit the.best
to the public 200,000 shares ($100 par) stock carry¬
11:20
6%
$
150,000,000
July* ? ijhtil July 21 it scheduled sale pf
stock on account of uncertainties pre-
receive bids which two
to
dividend at
of
Word
188,429
267,791
income—
from
terminus
reoffer
about
of
The
par.
Period—
'
Blake,
by-the
the underwriter will not offer this publicly at this time.)
'
preferred
new
-,/Thfr decision hot
ing a 4.40%
office
rail¬
income
authorization
prepared to submit was reached by-the company-after the passing of
the 11 a.m. deadline for the sale.
'The delay-misled the financial
"bid would
start
to
1 filed a letter of notification with the SEC
cumulative preferred stock ($50 par), to be
July
on
shares
at
Proceeds
diqmeter from the San Juan Basin of northwestern New Mexico to a
point in Mojave County, Ariz., about 20 miles east of Needles, Calif.
Purpose of the project is to supply natural gas for ultimate distribu¬
tion in the San Francisco Bay Area of northern California.
.
"vathng in the current market for new preferred stock.
-district into
promised
201,653
income--
This
preferred Issue Temporarily Postponed—
postponed
company
$6,011,944
40,837
San Juan Pipe Line Co., Ei
.
The
$1,142,074
31,981
income—
Mile
of New York .has .been.appointed- transfer
Co.
slock.
$20,000,000
$1,016,108
income-
oper.
ry.
Gross
580,91.0
;
2691.
p.
The Guaranty
agent for
758,23:4
company
2,500
offered
v
Deducts,
$2,739,016
$175,299
Net income
Earned
ry.
are
de-
deductions (net)
Preferred
2,307,305
817,406
.12,265
income
and
2,894,864
150,637
oper.
Net
Interest
471,191
163,932
oper.
Non-oper.
$2,726,751
Non'opeiv Income
Gros$
463,985
taxes
taxes
\~y
1,042,500
income
income
operating
414,6i:i
income___„
oper.
ry.
Total
t
Net
city
453,419
income
Deductions
663,298
,.<•
taxes
on
Ry.
945,264
'
The
for
92,544
Federal
Other
1,810,734
2,708,889
.237,719
depreciation.
other than Fed.
taxes
94,227
•
$£',879,812
$25,000 of its common
1948—12 Mos.—1947
75,317
•_
for
Fed.
Other
locomotives
new
Southern Radio Corp., Charlotte, N.C.—Files With SEC
$1,856,447 $10,177,632
*94,189
Federal
.
ACCOUNT
281,453
Maintenance
income
and
county
95
of
cific's
ry.
taxes
and
Other operations
Taxes,
"State,
$924,402 $12,477,518 $11,185,809
$1,066,976
generation
Prov.
INCOME
1948—Month—1947
April 30—
revenues
purchased
.
_
COMPARATIVE
from
revenue
$1,738,214
Y., has been appointed
mortgage series C 2lUe/o bonds
Co., New York,
Manufacturers Trust
The
the
this year, Mr. Mercier said.
They are part of Southern Pa¬
already announced $209,000,000 postwar investment in
new
trains and engines.—V. 168, p. 51.
1948—Month—1947
1948—5 Mos.—1947
$4,970,924
$4,521,799 $25,761,199 $21,936,628
3,232,710
2,665,352
15,583,567
13,056,816
revenues.™
,
of
61,315
,54,626
233,573
36,984
24,103
113,016
113,024
,$1,178,760
$493,077
$3,206,794
$2,506,980
Cr21,033
Crl 1,956
Cr56,718
Cr24,052
$1,199,843
$505,033
$3,263,512
$2,531,032
'
The
Manufacturers
registrar for the
common
Co., New York, N. Y., has been appointed
stock.—V. 167, p. 1368.
June 24 .it was reported that company is considering
outstanding bonds and preferred stock.—V. 125, p. 1053.
On
-
B.
Kessler,
August
refunding
General
the
on
Managing
boards
Petroleum
At
of
Co.,
general
Director
The
of
the
Royal
Petroleum Co.,
act
as
remain
NOTE—The
and Shell
served
-
•
shareholders'
meeting
of
1948.—V.
St. Louis-San Francisco
May— \
Gross from
Net
from
Net
ry.
railway
railway
oper.
Frpm Jan. 1—
Gross
Southern
from
Net
ry.
Electric
totaled
$8,459,268
-861,376
1,711,490
•
-
1946
income___
44,810,821
7,152,320
; 3,221,939
•Deficit.—V. 167, p. 2794.
Net
income
Earned
surplus
at
be-
5,443,063
4,978,752
5,483,785
5,583,242
$6,642,906
$5,483,785
$8,747,297
$8,114,274
HExcess of cost of invest¬
Three
1945'
new
$4
outstanding
par
656.
includes
29,463
shares
*1,291,446
7,417,146
15,726,566
locomotive
diesel-electric
building
for
it, was
will
this
share
railroad
revealed July
'
*
in, constructing 95
a
total cost pf
at
eral
•
as
Motors. Corp.;
switchers
motive
7General
or
Works.,
Electric
on
and
Co.
fifteen
the
ten
.
1,500
main
line
70-ton
locomotives
7 by: A*
Aj> '
-
and
forty
■JT.'.Mexcier,
•>
.
,
-
horse¬
of Gen¬
943,732
2,104,391
$943,732
surplus
at
_
per
$3,048,123-
5,699,174
5,483,785
5,699,174
$0.57
$0.24
$1.55
share—
provision of $250,000 'in last nine months of
1946
solidated
subsidiaries:
three months
12
ended
$88,000,
March
31,
months ended March 31,
$29,986
1947,
and
$621,808,
1947 on Staten
Island
■
Coach- Cp
ft
,i94i
Inc
,' penses" the amounts of payroll-costs charged to clients under
engineer
ing and construction and other contracts; and for purposes of compart
>
son the figures for prior periods" have been
restated to exclude simila
payroll costs, previously ,included. - The exclusion of such payroll cost
has
will
*;
subsidiary |t5 showrf by. Its! boqks^at time of acquisition.
switch
respectively
_(dissolved), and $240,000 in three months and 12 months ended Marc!
31, 1948 on West Texas Mortgage Loan Co. (dissolved).% Jin period
ended in 1948
th^re qre excluded from gross earnings and from ex
1,000
either
by the Baldwin Loco¬
engines will be built by the
—"7 - -
<$1.2(
12 months, ended March 31
;
built
5,483,781
for unreal
ized depreciation in securities incident to such business", and
subsequen
reversal of $115,000 thereof including $100,000-in first three months 0
1947.
tlncludes profits from partial liquidation of 80%-owned
by Electro-MoJtlve Division
horsepower engines for use.
be
2,630,489
$2,630,489
end
period
i *After
943,732
uncon
t,
•
6,000 horsepower freight
power switch engines will be built
a
subsidiarypaid
Net' income
and
Equipment* Orders—
companies
locomotives
Thirty
48,305,299
3,768,702
of
•
Co.-^Weekly Output—
President.
1,519,605
36,427,254
1,062,153
Earned
re¬
of this company for the week ended July 3,, 1948,
kwh., as compared with 2,372,000 kwh.,
for the
week last year, an increase of 15.7%—V. 168, p. 51.
in
Total _L—
value stock not yet exchanged for $2
; •
Colorado Power
approximately $25,000,000,
3,445,976
40,892,971
7,833,285
ment
Dividend
output
corresponding
$6,482,500 $10,163,763
"170,974
*570;749
Balance
SApplic. to minority int.
2,744,000
•
'./
railway
railway
oper.
1947
,
'
"
Ry.—Company Earnings Only
-
c
L
2582.
p.
667,444
from
Net
167,
$9,213,153
1,535,102
income
of
167, .p.
Southern Pacific Co.—Places
1948*
•
stock
common
conversion
the
B.P.M., will succeed Mr. J. B. August Kessler as a Managing
Director of the Anglo Saxon Petroleum-Co. and of the Shell Petroleum
1,
for
value stock.—V.
par
The
Co., Ltd., all effective July
.
,
.
Royal Dutch Co., held
on June 29, H. Bldemgarten
was elected a Managing Director of that
company.
Mr. Bloemgarten, who is already a Managing Director of
a
/
term
•
will continue to
Dutch Co. and will
B.P.M., Anglo Saxon
Ltd.
short
-
retirement age, has resigned
Dutch-Shell Group of oil com¬
Managing Director of the Royal
panies effective July 1, 1948.
Mr. Kessler
payable,
.
having reached
as
"
(unsecured), $14,300,000;
dividends payable (paid April 1, 1948), $90,806; accounts payable for
insurance, etc., $114,18,4; accrued interest, miscellaneous taxes/ etc;.,
$71,403; Federal income taxes, $353,430; dealers' participating loss
reserves, $614,762; reserve for credit losses, $150,000; deferred income
(unearned discount, interest, insurance and .carrying charges), $.1,422,235; mortgage payable, not assumed (secured by office building and
land), payable in monthly instalments of $776.44 including interest
at 3%,
$91,943; 3!/2% "subordinated sinking fund note, due Jan. T,
-1963, $2,000,000; 5% preferred (par value $25), $1,500,000;
common
stock' (par
value
$2), $1,500,000; earned surplus,
$371,131; '-total,
$22,579,893.
•; %.>■.
>'
•,
r >"« '
Royal Dutch Co.—New Managing Director—
J.
$22,579,893.
LIABILITIES—Notes
Richmond Water Works Corp.—Financing Reported—
its
total,
$15,100;
Trust
•
no
effect
on
net income.
•
SDefrcit.
(Continued
IfOver related net assets of suci
on page
50)<
^
Volume 168
Number 4715
THB
'
COMMERCIAL A flKAlfCXAh CHRONICLE
'•
Stock! Record «» New York Stock
DAILY RANGE OF PRICES
Ranfe for
Previous
f per share
I per share
66 Vk May
90
87ft
Jun
1%
110
Dec
Feb
6
6% Jan
Oct
45ft Feb 11
55 ft Jun
Oct
14% Feb
11
23% May 15
42
:Apr
6
Oct
28ft Feb
13
40
Jun
14
Feb
7ft Feb
10
15% Jun
15
38ft
y
Jan
Feb
22 ft Feb
20
27% May 15
112
Feb
Dec
6ft
16 ft
Dec
•31ft
Jan
78
101
Feb
Mar 11
3ft Apr 14
14% Feb
26
Dec
102% Aug
75% Mar 19
2% Mj*y
25 % May
5% Feb
2% Mar 15
44
Feb
37
Feb
10
56
Jan
76%
Nov
70% Jan
7
27 ft
Dec
48 ft
Feb
24% Feb 28
loY
Deo
Apr
202
May
It
May
39% May
27
1171
3,600
May 18
4% May 20
21% May 21
Alaska Juneau Oold Mining——10
Aldens Iho «nmmnn-
80% Jun
2
4% May 15
54 ft
July
75
May 13
9
Apr
11% Jun
14
91
Jun
3
11
42 ft May 27
98
34ft May
50ft Dec
Dec
11%
Deo
20ft May
66ft Deo
42
Mar 11
52 ft Jun
18% Mar
9
9
29 ft July
9
70
9% Mar 17
103% Feb 26
Feb
3% Feb
11
Mar
76% Feb
6
196ft
Sep
54%
Feb
37 ft Mar 16
115ft
Jan
91
28 ft
167 ft Feb
Feb
110
21
Mar
8
18% Mar
16
Aug
43
26 ft
Feb
16ft May
18ft
Deo
88
Deo
102
Deo
Feb
24
4
Feb
16
Feb
Mar
48 ft
88
Jan
5
July
33ft Feb
10
118 ft
Oct
94ft Feb
Jan
25
6% Feb
5
48
3
6% Jun
24
92% May 14
177
13
11
Feb 28
Jan
2
14
Jun
49 % Jun
3
100 ft Jan
21
108
Oct
38 ft
Jun
27
8ep
24
14% May 14
43% May 15
104ft Jan 28
Feb
7
May 19
111
5
19
1ft May
2
May 21
58 ft Feb
47 ft
.
Jan
Jan
X35ft Mar 19
May 21
July
51
7
May 18
20 ft Jun
15
22 ft Jun
94
3
Jun
16
41ft May 26
107 ft Jun
3
49% May 21
7% May 20
13
Jun
17 ft July
14 ft Mar 16
18
16
Deo
20 ft July
15% Jun
19
>
Deo
86
6%
Feb
2
21
Jan
5
July
6
Apr 15
4ft May 15
Deo
115ft
Jan
65 ft Mar
3
89 ft Jan
9
Deo
25ft
Feb
8% Mar
4
14% Jun
24
77% Jan
12
7ft
74 ft
37
Deo
101ft Feb
July
42 ft
9ft
55
Apr
tft May
Oct
49
Jan
It
22ft July
May
Apr
9ft May
11
May
46
Jan
10 ft
6
80
6ft Feb
Jun
x34ft
Jan
4
10
25
11
6ft Feb 25
88
i
Apr 16
Oct
14ft
30%
Dot
aft May
Jun
20% Feb
108 ft Mar
13
Mar
37ft Jan 20
10ft Feb
11
Not
13ft Jan
5
Feb
18% Mar 17
Jan
118
95ft Fob 27
9 per share
43 ft May 17
7% Jan
5
Jan
5
53
26% May 20
8ft May 21
92
Jan
13
15ft Jun
19
Jun
14
24
26% Jun
108
3
Jun
9
Amerada
Amer
Petroleum
18ft
Jun
80
Deo
7%
28ft
Sep
16
Jan
101
Deo i
9 per share
79 ft Feb
15% Feb
*25% May
127
Deo
cum
July
125
4ft
7ft
21% May 24
94% Jun
34%, July
5ft Dea
14ft
Feb
7
Feb
17
39 ft
Feb
29
Feb
10
34 ft July
Dee
129 ft
76ft Dee
117 ft
lift May
170
11% Jun
7,
6
24
81
11
95 ft May 14
Feb
72ft Feb 21
86 ft May 14
12 ft Feb
13
16% May 21
164ft Apr
6
Oct
Feb
176
Jan
27
•ft Aug
16%
Feb
22%
Feb
16 ft Feb
14
26% July
42 ft
Oct
38 ft Feb
11
46
Apr
48 ft
70 ft
46% Feb
11
68
May 27
10
Dec
Mar
9
149
Dee
173
July
139
Mar 10
32
Deo
40
Mar
31
Mar 19
Dee
158
Jan
131
Apr 27
25ft May
23ft Jun
37
Feb
28% July
29 ft Jan
21
Jun
34
May
May
18 ft
149 ft
Apr
Deo
82 ft
Dec
12 Vs Jan
163 ft Jun
9
9
12
11
35 ft May 18
18
Jan 21
147% Mar 17
Feb
54 ft Mar 29
116 ft Mar
Apr 15
46% Feb
14
5
May 21
July
9
20% May 25
158% Jun
68 ft Jan
144
;
Mar
71ft July
10
5
9
9
Deo
8%
Deo
Jan
50%
Oct
36ft Mar 17
8% Apr 22
55% May 24
May
110 ft
Feb
95
Jun
103 ft
Feb
Jan 21
76% Mar 16
111ft May 24
8% May
10%
Jan
May
10% May
89 ft
18%
DM
18ft Doe
98
Rot
11
68
*68
12%
*12%
*12%
42
*109%
7
6
Feb
11
120
104
Jun
Jun
10
2
58% July
14%
Dm
16
Jan
page
-46ft Mar
18 ft Feb
8
24.
4
38 ft Jan " 5
107
Jun
11
1,700
.12%
40%
110
110
70
50
12%
12%
700
40
40 %
3,500
*109%
110
;
s
170 Va
171 J/4
170 ft
170%
170
170%
46%
46%
94 ft
46
46%
*93
24%,„
24%
50 %
*17%
18
21
21
24%
108
100
n 50
50%
1T%
* «.
6
46
46
95
95
24»A
*108
v
%:v
*9478
24%
108 Va
50
24 %
*108
51
17%
*17%
17%.
21%
21%
5%
6%
*21-
1,100
100
2474
2,000
r
108'/a
50
:
50
17%
«
420
1
98
17%
21 %
*21
917a
917a
*90%
38%
38 Va
287a
102%
102%
*
91%
37%
400
215/a
92
38 Va
103
40%
39%
6%
6%
102
50
*'•2,300
•'W-
300
20
7,700
102
800
kv
No par
6
39%
39%
39%
1,200
6%
6%
67a
1,300
18
18
17%
17%
*17%
17 3/4
17%
18
40o
16%
16%
16%
16%
16%
Foreign Power com__No par
$7 preferred
No par
$7 2nd preferred A
No par
16%
16%
16%
3%
3%
3%
3%
3%
3%
3%
2,500
72
71%
71ft
72
72
_3%
72%
74%
1,200
13%
13 Va
13%
13
13%
13%
13%
2,100
Inc
Amer &
$6
preferred
American
Hawaiian
American
Hide & Leather
6ft
conv
American
Home
American Ice
6ft
SS
com
13
*63
Products
7ft
1
Locomotive
common
3.90 ft
cum
$5
106
1
News Co
19
24%
• per shere
Memday
July 5
I per share
24%
108%
Tuesday
July 6
'
47
24%
24%
7%
7%
*83%
95
14%
14%
*18%
19
24%
108
247a
108
17%
*92%
STOCK
EXCHANGE
CLOSED
INDEPENDENCE
DAY
Light
*6%
*46
24%
7%
*83%
14%
18%
237a
108
64 %
64%
*40
41
49
*46
25
25%
7%
7%
95
14%
18%
243/a
108
*83%
•
14%
*18
24%
*108
1,200
65%
1,400
41
100
6%
6%
6 %
preferred
preferred
f per share
Thareday
July 8
I per share
49
1,300
100
.
25%
9,200
77a
700
95
14%
1,300
18%
100
24%
3,100
110
800
17%
17
17%
17%
17%
17%
94
92%
93%
*92ft
*8%
8%
8%
93
8Va
*92%
8%
34%
34%
34%
34%
34%
34%
34%
135%
*134%
135
*7%
34
II
93
8%
*7%
136
135
135%
*8%
tharaa
*134
2,800
80
93
800
87a
2,500
35
160
137
7%
7%
*7 7a
34
34%
34%
34%
34%
11%
10%
11 Va
10%
10%
107a
200
8%
34
11
*34
8%
93
93
93
92%
92%
82%
83
82%
82%
82%
16 Va
16%
16 %
163/4
167a
108
*171
172%
600
1678
*82%
*171
172%
*91
*171
172'/a
*171
400
9,800
83
16%
•
93
83%
16
;
American Safety Razor
American Seating
the Week
173/4
No par
No par
Amer Bad & st San'y com
Balsa fee
Friday
July 9
9 per share
8%
No par
No par
com
Wednesday
July 7
I per share
No par
preferred
14%
*18%
*108
laturday
July 3
preferred
7ft
7%
47
64%
*40
1,500
LOW AND max SALI PRICES
STOCK
No par
American Metals Co Ltd com.No par
$6
25%
95
14%
Fdy Co com—No par
preferred
109
Amer Power 6c
49
7%
1
Amer Machine 6c Metals
6ft
6%
*85
199
Per
Amer Mach 6c
40%
6%
24%
___100
preferred
64%
40%
6%
*47
American International Corp.No par
American Investment Co of 111
1
American
64%
40%
6 %
No par
preferred
64%
*40
1
50
common
non-cum
*70%
No par
10
Co
preferred
600
28,200
172%
9
10%
10%
10%
10%
10%
10%
10%
10%
No par
26%
26%
25%
26'%
25%
26V2
26 Va
267a
Building/Co
No par
Am Smelt 6c Refg commoni.No pat
7 ft
preferred
100
39%
39%
40
40
40
41
41
41
360
65
3,500
cijL
Amer Ship
American
6ft
Snuff
common
26
preferred
non-cum
100
32%
Co
100
Sumatra
Tobacco
5
American Tel & Tel Co
American
6ft
Tobacco
100
25
common
preferred
100
American Viscose Corp common._14
5%
preferred
Am Water
American
34%
*130
*24%
preferred
American
64%
151%
No par
No par
American Sugar Refg common—100
7ft
64%
150%
Foundries—No par
19%
39
*127%
19
155%
57%
140
70%
35
133
63%
X151
34%
132%
64%
63%
64V4
64
151%
151%
151%
150
34%
34%
34%
133
133
134
Works
1513A
310
34%
800
90
135
32%
32%
32%
32%
32%
33%
2,900
25
25
25
24%
24%
247a
247a
300
19%
*19%
19%
*19
19%
39
38%
39
129
*127%
130
19
155%
58%
141
70%
19
154%
57%
140
69%
19
155%
57%
*19%
38%
*130
*18%
154%
57%
140
139%
70
69%
39
131 Va
19
155%
58%
140
70%
*118%
119%
*118%
119%
118%
119%
5
Co Inc
Woolen
34%
134
4,700
2,300
32%
100
7%
7%
*7%
7%
7%
7%
19%
400
39
39
800
130
130
100
19
19
700
155
19,500
10,000
155%
58%
60'A
139 Va
14074
410
71%
3,300
70
*11873
7 Va
50
119
3,900
774
common__No par
52
preferred
100
$4 conv prior preference__.No par
102
102
104%
104%
8%
8%
8%
8%
8%
8 %
8'A
87a
64%
*61 Va
65%
*61 Va
64%
*61%
64 %
7ft
Amer Zinc
Lead
&
Smelt
com
1
38
*61%"
53%
19
38%
39
No par
41%
41%
Anchor Hock Glass Corp com.-12.59
29%
297/a
$4
Wire
&
Cable
preferred
No par
60ft Jun
14
Anderson,
36 Va Jun
16
Anders on-Priuhard
Apr 20
29%
*63
'
l
American European Secur
American Export Lines
S
14 ; -
29
70
40%
38%
11
Mar 17
29%
200
6%
Anaconda
28ft Mar 19
800
29 "7
*68':
6,900
38%
45 % Jun
98ft Fab
60%
2,700
6%
41ft May 27
2
60%
22,600
57a
38%
Tiling
11
Jan
700
60%
8%
863/t
102%
30ft Feb
Feb 10
700
50
^
8%
86
102%
Mar
30
118
50
8%
86%
102%
$5 prior conv preferred
Anaconda Copper Mining
May 19
Va
110
preferred series A_100
Distilling Co
20
67
24
118
50
8%
12%
38%
American Encaustic
118%
.100
86 Va
109%
50%
conv
400
6%
98
247B
£5
500
57a
49
86%
47%
lo
574
*48
5%
171 Va
com
200'
29
86%
47%
la
5%
49
12%
110
*93%
•r
*5%
2,900
•
5%
170 ft
No par
10
*28%
■
87%
5%
*108
28%
41%
41
111
94%
60
70
*91%
16
8% Jun
42
87
100
_
8%
92
62% Jan
see
29
66%
No par
-
Apr
14ft
v
29
I
com
17
111% Mar
footnotes
10
Inc__x_No par
Feb
46ft Jsa
For
-
6
29
60
100
Stove
41
130
28%
59
38%
94%
50
61
100
200
37%
95%
118%
50
8%
*59%
88%
37%
*94%
*47
119
50
8%
2,300
4,200
—
48
118%
50
88%
300
28%
5%
.
39
American
24 ft Jan
13
Mar 15
119%
8%
25
Stores
Feb
5%
48
38%
Steel
7%
Art
Qft Dm
5%
48%
20
37%
29
*917/8
American
26ft
101ft Rot
5%
*46%
28%
10
American
May 10
90
38
95%
100
9
132
43
1
108
prior preferred
Cyanamid Co
Apr 22
18
*87
50
American
35 ft Jun
120% Aug-
62
89%
90
50
Chicle Go.——
27
Oct
68 ft
89%
400
3,100
35%
preferred——
26
34ft
116ft
^
140
1116%
90
34%
*87
100
Jan
163% July
60
Dee
41ft May
35
common
22% Mar 12
174 % Feb
Jun
82
34%
Radio Corp
25% Feb 27
146% Feb
10
Oct
Oct
135
v
47 ft
35%
'
American
lift May
Jun
116
35
American Molasses Co
84
136 ft
36
common
Cable
100
$
29%
35%
preferred
Colortype Co
American Crystal Sugar
3ft ft
192%
29
1
American
American
191%
191%
*19
50
2
Feb
18«
May
&
Amer Chain &
4ft ft
10%
100
19%
preferred
American
10%
29 %
119
8
Feb
17
Dee
6% Feb 28
10
10 ft May 27
18 ft May
7
Deo
88
conv
Can
conv
*93%
11
29
preferred
5ft
100
*10%
*19
No par
American Car 6c Fdry com
7ft
108%
19%
preferred
conv
400
y'M 3,900
32%
*107%
'107
29%
American Bosch Corp class A
1
Amer Brake Shoe Co com
No par
Amer Cable
73
32 Vs
108
*93%
100
17,800
5,800
19%
No par
preferred
American
73
32%
v
■
29 ft
t per share
135ft July
8% Jan
16% Feb
190%
4%
54%
19 ft
EXCHANGE
5
Mar 23
191 Va
73
32
1,400
,1,200
20
3%
53%
29%
com
Corp
American Bank Note
6ft
4
53%
19%
Chemical_No par
Agricultural
3ft ft
NEW YORK
9
6ft Feb 11
24 ft Mar
9
32 ft July
147
Mar
190 ft
4
19%
79
29%
American Airlines common
Lowest
I per share
191
189
No par
100
preferred
Rango since Jin. 1
Highest
Highest
10%
3%
19%
78%
3
STOCKS
Year 1947
10%
32
108%
3,500
113
No par
Inc
Allied Stores Corp common
Bangs for Previous
Lowest
*93%
11
50
121
Mar 22
May
Deo
No par
3%
73
100
10%
29
Mar 22
Feb
73%
31%
*106%
*108
19%
3%
32%
39%
24%
80%
51
108 ft
29
10
May
25 ft May
1
Dye
*72
3%
19%
*93
gtd_100
6ft
3%
52
113
*79
108 ft
Amalgamated Leather Co
6ft convertible preferred
Jan
99
*
&
3%
73%
32
80%
51%
Alpha Portland Cement
May 21
6ft May 17
68
36
101ft
& West Ry
Industries Inc
4ft
*72
No par
Allegheny
Allen
Allied Chemical
4
31
6
•4
20ft May
105% July
$4.50 preferred
19%
*79
52 ft
*108
3%
19%
80 Va
37%
13
7%
Dee
50%
preferred-No par
Allegheny Ludlum Steel Corp_No par
113
*94%
7ft Jan
50
Deo
3%
100
preferred A
$2.50 prior conv
47
3%
20
*78 ft
38%
51% Jan
17% Feb
3ft May
78 ft
1
94%
3
Apr
110ft Nov
Deo
__100
37%
77ft
May
166
5 ft ft
3%
19%
—
common
94%
31
,
May
36
107%
preferred
Allegheny Corp
113
3%
,
,
4ftft
*108
*45 ft
Allis-Chalmers Mfg common—No par
3 ft ft cum cony preferred
100
Jun
Mar
80
46%
4,500
100
4,900
25
20
1,700
21%
24
Feb
Mar 18
54
21 %
24%
Feb
83% Feb
53
21%
24
Mar 24
46
53
21%
24%
81
Dec
900
52%
21ft
23%
*108
Allied Mills Co
Apr
21%
24 ft
Allied Kid Co
51
1,000
5%
X24%
108
86
•
5%
53 %
14% '• 15%
21% Jan 30
107
5ft
53
21%
.
39%
34% May 20
37 ft May 15
8
5ft
95
*45%
23
Mar 16
5ft
S haras
77
*90
14%
May 17
5
5ft
I per share
76%
•
95
39%
198
25 ft Mar
bft
53%
77
46%
May 24
Feb
5ft
53%
21%
*76%
.*85
14%
18 ft Mar 13
Jan
95
39%
33 ft Feb
Mar
No par
77
*85
*45%
28
8ft
CLOSED
*76%
95
luleu fur
the Week
14 ft
25
II
76 ft
I per share
39%
May 21
11
DAY
Admiral
Oct
July
INDEPENDENCE
Friday
July 9
July 8
I per share
Air Reduction Inc——No par
Alabama 6c Vicksburg Ry__
100
96
8
STOCK
Thursday
July 7
14%
42% Oct
9
Corp
76%
PRICES
Wednesday
I per share~
*85
EXCHANGE
BALI
39 ft
•9% Oct
• ft May
46
Jan
10
HIGH
14 ft
34
-Mar
9 per share
AND
Tuesday
July 6
39 ft
30ft May
7
Adams-Millis
Feb
105 ft
24ft May
2.50
Express..—..—.4
36 ft
Jun
Co
Acme Steel Co
Adams
'
46
91
•Oft
Motors
July 5
No par
Ho par
Abraham 6c Straus
39 ft Mar
Deo
73
Abbott Laboratories com
ACF-Brlll
I per shere
Monday
,
14%
109
3
Per
22ft
Jan
July 3
39%
3
Mar
Saturday
46
7
8% Feb 11
Nov
LOW
STOCK
Addressograph-Multlgraph Corp__lO
Corp
1
•
Mar
90
12% Nov
164
46 ft Jan
Jun
107
"90% "Not
90
9
1
10ft
Not
30
2
May 14
40ft
Dec
10ft
79% Jan
100
4% Feb 11
65
May
3%
64% Mar 17
80
Feb
18ft
May
30ft May
100
Jan
YORK
EXCHANGE
8 per share
60
38
28 ft
8 per share
July
NEW
Highest
10%
A3 ft Apr
13 % May
6
Range since Jan. 1
Lowest
Highest
Exchange
FOR EVERY LISTED ISSUE
,
STOCKS
Year 1947
13
WEEKLY VOLDME OF TRADING
YEARLY DANCE OF SALE PRICES
Lowest
(157)
Andes
Clayton
Copper
ft
Co.—2148
Oil
Mining.
Corp
It
*103
56%
33
*10%
105
56%
52%
102
*104
38%
x41
29%
*103
53 Va
102
105%
32%
11%
*111/4
106
53
103
*100'A
102%
106
*105
107
.200
300
3,600
14,000
38%
38%
39%
387a
397a
41
40%
41
40'A
40%
480
29%
2S%
29%
287a
1,500
105
*56%' ,57 Va
33%
52%
*100%
5,500
53
523/t
33%
12
104%
*57
104 Va
57 '/a
28%
*103
100
104%
56 3A
33
*11%
12
500
57 Va
327a
10,000
■
■.
14.
(158)
THE
COMMERCIAL
I,
a..
& FINANCIAL
?■
:
vy '
CHRONICLP
^
-£■
V
Monday, July 12, 1948
*.
•
""
l-'V'
;■!,
■
NEW
Rang* for Previous
Lowest
3%
4 pershara
Apr
24% May
109%
99
May
9% May
103
15%
30
11
17
Feb
11% Mar 16
Oct
16
106
10
88
29
Dec
110
19
i
Sep
10% May
a
17%
5
17 % May 24
Artloom
19
Associated
Feb
Dec
20%
Feb
132%
Feb
99
Dec
134
25
Dec
34
Sep
May
99
Jan
84
Dec
112
12% Mar 16
.
100
Feb
94
Mar 12
106
Jan
Feb
5
Feb
Mar
96
10% May
18%
Feb
14% Feb
59
Feb
45
34%
Feb
40
113% Sep
105
Aug
26% July
91
Dec
21% May
67
73
Apr:
July
121 % July
Deo
111%
24
6
Jan
22
19 % Mar
30
Feb
21
.49% July
102
Feb
9
;91
Feb
9
20
Feb
11
114
27%
Jan
5% May
114
5% Mar 12
Jan
9
20
Feb
18%
Feb
17%
Deo;
29%
Jan
Deo,
27%
Jan
7%
Feb
12
May 28
;15% Apr 23
4% Feb 26
*
Feb
:35% Jan 22
46
>6%
'•
Deov
49
!8
16
24% Jan
15%
i
Jun
si
26
9% May 21
16% May 21
19
Jan
10
19% Jan
8
7% May 17
Jun
F
Coast
W I SS
&
Atlantic
Feb
Jan
10
Dec.
Feb
20% Apr
37
39% Deo
19%
Mar 16
X42V« Mar 15
28% July
54% Jan
May
Dec
Dec
v
Feb
24
1'4
15
Jun
13
Autocar
85
Feb
2
86
July
Jan
106% Aug
39% Feb
25%
Sep
.,:r
Jan
Feb
Feb
Jan
23% Feb
25
125
18%
Aroostook
St
78
Jan
$ per share
'
12% May
36
Oil
Iron
8
Beaunlt
9
Beck
Feb
Packing
Belding-Hcminway
July? 9
Cum
July
7
7ft
37% May 15
14% Jan 14
16
fper share
11
19% May 18
22% Mar 10
Bliss
32% Mar 15
34% May 27
17% May 15
44% July 8
21% Feb
29% Apr 16
Dec
15
Feb
11
10
Jan
Mar 17
38
4
Feb
24
59
Oct
42% Feb
11
Sep
88
Jan
50
200
7
15
14%
14%
15
14
14
12%
12%
12%
12%
12%
12%
12%
1,700
16%
15%
15%
15%
15%
15%
15%
1,600
6%
6%
43 %
'
*42%
*14
6%
6%
6%
500
6%
7,600
42%
43
42%"
43
43'/a
400
6%
6%
Feb
Feb
33% Mar 18
Jan
May
23% May
40%
Feb
31%
Feb
25 % Mar 16
63
Jan
28% Mar 10
Apr
93% Feb
Deo
109%
Dec
28%
Feb
36% Jan
106% Apr
,
.
20% Dee
27%
13% Mar
Feb
2C% Nor
125 v,
:
Dec
7% Jan
Feb
15%
15%
16
16%
16%
60,600
26
16%
27 %
30
26
13
14
122% Jan
14%
Feb
8
Dec
86%
Feb
65
Feb
124% July
19%
19%
19%
36%
37
86
86
87
87
86
86
20%
20%
20%
21
*20%
21
88
*87
88%
100
13
12%
34
*32%
36
*18
36
36 Va
36
36
5,500
16%
16%
16%
16%
1,700
25 %
26%
5,300
25%
25%
26
26%
82%
*80
82 Va
*80 Va
82 %
28%
28%
*28%
28%
28%
28%
400
4,900
16,400
Co
16
Mar 17
34%
98% Jan
15
Oot
23% Feb
11
3%
8%
33
33%
33 %
33 %
33
34%
2,100
10%
10%
10 Va
10 %
10 Vs
10%
1,100
LOW
fatnrday
9
Jan
4%
May 18
27% July 6
105"
July 9
35% Jun 16
40% Jun
5
54
3
34%
Oct
17%
132:
Feb
Deo
Deo
48%
Feb
24% Feb
12
11
11
July
8
108%'July
7
..
Feb
38 % Feb
>5%
Feb
14% Mar 18
15%
Peb
10
footnotes
89 >
1% Mar 12
6% Feb
see
page
24.
1 Mar
11
4
s
15
May 28
May IT,
8% May 21
31% May t
15% May 21.
119
HIGH
July 3
Monday
July 5
1 per share
f per share
t per share
No par
STOCK
Braes
DAY
*32
18%
18%
18
31%
31%
31%
X31
No par
*32
16%
46
25%
26
31
I
A
33%
18%
*43%
►
*80
16
16%
33%
18
the Week
33 %
Shares
34%
900
18 Va
18%
31%.
,
31%
16%
Sale* fee
July 9
1 per share
32
1,600
1,800
16%
*16%
17
46
44%
44%
*44
46%
100
26%
25
25%
25%
25%
3.400
31
31
*30%
31 %
31%
32%
1,400
81
81
80%
81
81
42
42%
41%
42%
41%
43
*42
26%
26%
26%
26%
26
26%
81
700
81
160
42%
630
•
1
II
common
preferred
43%
:
Bearing Co—l.
Airways
Inc———,
5%
*
t
7'
*39%
2.50
44
44
43%
8%
Ino
Co
.
8%
*50
11
43
43%
2,300
64%
65 Va
4,000
94 Va
*91%
94 Va
*5%
5%
5%
*39%
407/a
*39 %
9%
9
9%
*50
54 Va
34
No par
_No par
*33 Va
.
10%
10%
10%
34%
10%
34%
34%
33%
33 Va
33%
32
32
9%
"
—
5%
1,800
41
.
9%
6,100
32
19%
20
10%
20
29
*28
29
96
*20%
i
1,700
34 VA
2,500
33%
33%
600
*31%
:LOO
32
400
93
99
10
19%
20%"
*19%
20
2,800
....
96
*95%
20%
22
28
•
5
21%
21%
21%
100
123%
123%
*123%
124%
No par
10 Va
'10%
10%
70
70%
70%
*27%
96
.20%
28%
*95%.
.
96
20%
1
38%
*85
87%
*85
21%
21%
*123%
124%
*123%
10%
38
pfd--l00
21%
•
71%-
38
No par
28
"
11
*38
preferred
10%
33%
32
*95%
20%
98%
54 Va
*
21
common
34%
33%
100
96
common
33%
*'98%
*20
preferred
10%
33%
32
32-
*50
10%
100
$3.60 preferred
No par
Branswlck-Balke-Collender __No par
common
10%
*98%
*28
Co
44
65 '/a
54%
*50
54%
V
II
Bucyrus-Erle Co
43 %
41
8%
3,500
64%
5%
*39%
26
*91%
65
94 Va
5%
5%
■'41
25%
'
+
.No par
Co -common
..2.80
preferred
————100
Brooklyn Union Gas
No par
(The)
300
25%
*43%
-
64%
Brown J3hoe
139
rvMay
# per share
33%
*16
*
139
Thursday
July 8
t per share
i«i\
30%
CLOSED
|
139
n
July 7
31%,
»INDEPENDENCE
EXCHANGE
2.50
No par
-
•
Wednesday
33 VA
f
No par
Inc
SAT *
Tuesday
July 6
No par
Roller
139
139
139
10%
Jun
:
Co
2
44
May 14
X19% May 26.
19% May 14
19
No par
18%
Bulova .Watch Co Ine—
—•
Burlington Mills Corp common—1
41%
41%
23%
24%
4ft
100
93
11
100
10
20%
600
22
2,200
124%
50
10%
70%
38%
*
11
21,800
72
73
720
38%
"71%
38%
•
95,'
38%
400
'
4%ft preferred
Butte Copper Si Zinc
"14%:
100
♦85%
5
3%
3%
-
Byers Co
7ft
(A
M)
California
5ft
common—_Nopar
participating preferred—.10$
On
Packing
'
•'
"
"
26%
'
eonv
preferred.—
Canada South am Ry Co
Canadian Breweries Ltd
PudfU
*y
No par
100
No par
M
13,700
93
600
93
93
94
40
97
*93
98
500
83
*78
83
17%
'
17%
-14%
3%
17%
10
13%
•
85%
3%
>
13%
85%
'
96
3%
17V4
10
06
:
85%
-
-
■
.
-
*
,
;,10Va
«'94 %>
17% '»
10Va
10,700
1,400
■
95
.",40
13%
2,400
♦85%, ;■ 86%
3%
3%
40
13%
27%
26%
104
104„
26%
27%
104
*104
.
26%
105
26%
104
2,200
27
3,500
105
/ 80
'
33%
34%
♦33
*39%
39%
39%
♦53%
•$
1
3%
2,900
24
*78
,
10%
85%
-
43
*92
97
14
•
42%
23%
'
*102%
"
common..No par
Zinc-Lead
Calumet Ss Hecla Cone
Copper
5
Campbell W St C Fdy
No par
Can Dry Ginger Ale com
1.66%
$4.21
"
*
Ka pax
preferred
Callahan
'
«
'
■grew Jaihesn
17%
86%
42%
97%
*95-.
14%
18%
83
10
10%
87 Va
18%
;23%
23%
94
*85
18%
42
'
97%
96
..
-
*78
17%
10%,
96
42 %
24%
*93
■
87%
18%
23%
83
17
Terminal
*85
18%
41%
„
97
*78
3 % ft
87%
18%
93
conv 2nd preferred..—100
preferred
—100
Burroughs Adding Machine—No par
preferred
3%ft-
*
2
27% Mar 17
Feb
37%
33%
3 % ft
15
15% Jun
52
Jan
36%
36%
...
Dee
Peb
35%
36%
139%
STOCK
Buffalo
Jun
Jan
X5i
36%
36%
*133%
Bush Term
Bld$ 7ft preferred—100
Butler
Bros
common..II
Jan
35%
36%
10%
Bush
22% Oct
36%
36%
33%.
l'
27%
36%
37%
N» par
Co
1
class
36%
36%
No par
Carpet
St
26
36
com.No par
100
2
104
~io
103 Va
*80%
3
2% Mar 17
*101%
29
10% July
97% July
Feb
103%
82
17% Jun
6
400
17
6
Mar 12
100
16%
21%
36%
3
78
19
16'/a
*21
104%
18
.
21
103 Va
*18%
16%
*20%
16%
Jan
24% Feb
108% Jan
*16%
35%
Jun
.
18%
16%
21%
1,900
1,100
*102%
88
13
18 %
16%
*20%
12%
17
100
•
*
•
12%
35%
26
12% Feb
33%
37 Va
17
*91%
$5
*32 Va
*35
21%
65 %
7ft
12%
33,%
36%
*16%
94%
Budd
40O
88%
12%
*20
Bristol-Myer*
2
*87
104%
Go
cum
Branlff
70
21
*32%
36%
-
18%
18%
700
87
20 Va
16%
Apr 13
7% Mar 16
79- < Mar 16
9% Mar 16
18%
*86
*
1,200
35%
com
Brewing Corp of America
Bridgeport Braes Co'.—
Briggs Manufacturing
Briggs Se Stratton
14
12%
33%
36
35%
20
37
*36%
♦102%
l
Dec
36%
20
500
31 %o
3
Jan
*86
12%
Jun
10
88
*86
*32%
97
88
100
,
37%
24% Jun
7
45%
900
43% Jun
:
*43'/a
11%
16% Mar 16
Jun
44%
11%
81
79% Feb
44%
11%
May i
77
45%
11%
14
Oct
*43%
11%
Bullard
Jan
27
11%
Forge Co
Buff Niag Et Corp 3.10 ft
Mar
*26%
11%
90% Jun 21
16%
27
11%
21% May 15
95%
27
3.200
6
100
27%
42%
15% Mar 8
29% Feb 14
;
100
26%
42%
83
May
51
42%
Feb
12% May
*49%
42%
Feb
Mar 31
51%
43
Apr
Feb
*49%
42%
23%
104% Feb
50
42%
38%
22%
.
100
50
42%
May
Jan
76
26%
*43%
14% May
102%
4,000
76
27%
45%
26
.
30%
76
64%
40
13
16,500
30
*75%
*91%
11% May 15 '
74% May 17
Mar 30
X32% Feb
27%
30%
75%
•
Bower
25
24% May 1,
6
20 '
26 V2
30
10$
Boston St Maine. >RR (assented).100
96
Apr 30
X22% May 27
!S% Feb 11
May
Jan
51
26
29%
27%
10
b
3% ft
101% Apr 27
21% May 22
32
'75
23-74
Borden Co (The)
Borg-Warner Corp
6
76
*50
1
Aluminum
Ami
30%
600
5,300
*28%
Laughlin
Class
26%
30
74%
50
19%
Bond Stores Inc
34% May 18
37% Jun
2
26
90% Feb
Boh
19
10% May 18
Feb 10
71
5
17% Feb
Jun
Se
Bohn
11% May 15
36% Jun
9
15% Mar 16
27
9
37% Nov
8
50
69
•
15%
15%
*80%
Weotrte
W)
(E
Bliss
May 24
42
x27% Mar 17
.
15%
15%
1
Bloomingdale Brothers
Boeing Airplane Co—
-5% May 15
Apr 28
9% Mar 16
Feb
Jan
96
3% Mar 16
39%
30
15%
15 Va
16 Vb
50
Black Ss Decker Mfg Ce
Co
May 15
65% July
2
Feb
For
*6%
37%
pfd.
Blaw-Knox
18%
Dee
7
15%
Far
Feb
13%
9% May
*6%
24%
15%
EXCHANGE
xl3
96
18
7
112
10
NEW YORK
Feb
Deo
7
*6%
20
I per share
Deo
12% May
*22
15%
STOCKS
Deo
38
*110
25
ser of l»46_No par
preferred
Range since Jan. 1
Highest
7
110
112
*22
1
(Del)
Bigelow-Sanford
36
Nov
49%
May
0% May
21% May
*110
25
100
Steel
Lowest
102
Dee
Deo
110%
*22
15%
Co
Birmingham
27% May 13
44% Jun
9
Dee
660
*110
920
15%
Foods—1
Bethlehem
14
51
Apr
2,100
53%
94
1
Best
Jun
41% Mar .2
1%
22%
53%
37%
common
Loan
pfd $3.25
38
'20% Mar
51%
22%
54
15%
1
Co
Beneficial Indus
37% May 27
139
Feb
34%
23
53%
20
preferred
Se
Jan
13% May
93%
23
55
15%
Aviation
Best
35%
94% May
19
May
94
23
16%
Corp
Howell
4% ft
87% Mar 10
Apr 28
81
'
94
94%
54%
7
15%
1
Bendix
67
Dec
112%
37
Bendix Home Appliances
Deo
3
1,200
113
23
24%
6%
10
2
37% May 18
96
Jan 12
Dec
112%
110
21
Co
9
77% Mar 16
79
27,100
94
■
110
*42
2.50
15
29
3% May
t
-
49%
1
Inc
Aircraft
Jan
Dec
110%
100
48%
49%
*14%
12%
100
Ss
Feb
May
109%
46%
10
pfd
conv
Bell
59
6
47%
No par
(A S)
Shoe
11
41% July
24% Oct
May
11
3,100
*15%
50
common
Bell
116
72
61
36
15%
Corp.
Co
Mills,
Feb
18%
38% May
37% May
1
59%
*34%
59
59
,
5
2
Deo
Jun
1,400
50
Works
cum
28
35%
14% May '
29% Nov
84
1,000
18%
18%
15%
Co
Foods
Jan
X20%
18% May
14
May
28% May
80
46%
111
6%
•
100
preferred
30% May 24
Mar 16
,
Highest
6 per share
'
48%
110
100
common
preferred
Barber Oil Corp (Delaware)
Barker Brothers common
3%ft
8
Jan
26%
JUn-18
9% Jun
Year 1947
V
18%
II
5
iftf
Range for Previous
'
59%
103
18%
105
nonrcuhi preferred
Conv.
21% Jan
17
Jan
150
Lowest
Dec
7,000
69
1
38% Jun
14
Oct
Deo
80
*67
*22
/k
No par
common
103% Jun
11
32%
31
r
69
w
;_No par
Work*
Ohio
19% Mar 22
93% Mar 16
35%
Deo
St
24% Jan
.15% Jun 28:
23% Jan 20
.103%
<*
Apr
Dec
36%
*67
103
18%
59
55%
Xno
Locomotive
May 21
26
Nov
28%
T)
20 %
11
Dec
<B
Beech-Nut
16
80
*34%
69
104
18%
94%
(The) common—_1
preferred—
No par
8
30% Feb 27
f
36%
*103
23%
Co of Amer—5
5
18% Marl6
25% May
*34%
*67
55%
5s
eonv
Beatrice
15% Apr 16
-
r
103
69
94%
No par
pfd ($1.20)
Jan
15% Feb
Jan
103
35 Va
22%
Co
34% Apr
14% Feb
120:
90
,1,200
115
59%
*67
100
37
18% Jan
May
Jan
100
5
24%
Dec
114%
35%
■
100
preferred
32% Feb
10% May
'
240
,
32%
59%
-
5
4% ft
Beech Aircraft Corp
Beech Creek PtR
16% May
95
114%
106
32
18%
Mfg Corp
Bath
2
22% May
l
Oct
Jun
113%
107
105
,
103%
No par
8% Jan
2
30
Feb 11
Feb
18%
90
16% Mar 10
39% Mar
15%
series B
common
Automatic Canteen
4% ft
43% May 15
40
Jun
12% May
25%
common
Bayuk Cigars Inc
23 % Jan
Feb
30%
90
107
31%
'
109%
Barnsdall
31
110% Jan
20% Aug
108% Feb
Dec
30% Nov
114%
107
104
31%
103%
"
preferred aeries A—199
44% May 7
16 % Mar 31
18% May .4
Jan
9%
113%
104
18%
♦
*
46%
Conv prior
4ft
45
11
9% Feb
:
Jan
12
32
*105%
f
31%
J
Corp
Nichols common
Bangor
28% Jifn
Mar 24
31
Feb
59
9
9
May 12
May 14
*4% Not
Dec
88%
104%
31%
114%
25
eonv
Babbitt
62
Jun
45%
106
104
32
"
No par
Atlas Tack
80 %
,25
RR
Corp
31% Jun 22
19
*
114
Lines common-—1
Preferred $3.75
11
69
May
31%
preferred-——100
Refining
conv
3
105
104
*103
10
Line
non-cum
10
25
100
—
105
»
com—100
preferred.-.).
Atl
60
13%
105
.5.
*
390
■
13% Feb
133%
common—1
preferred—.
preferred
Inc
$8.25
200
100
Goods
Atlantic
2
98
1,800
16% Feb
55%
5% May
29
Dec
i
113
98
17%
11
Deo
No par
200
3,200
98%
17%
15% Feb
19%
*98
17%
Feb
77%
-98%
17%
25%
U 24% Deo
98%
56
17%
Baldwin
21% May
%
102
55%
102
17%
Dry
Baltimore
v:
98
13%
55 %
17%
3
17%
98
13%
103
17%
8
28
55%
2,000
16% July
27% July
95
13%
*100%
55%
B
8"% Dec
,
13%
101%
55%
16%
17% Jun
{
13%
101%
16%
16% Jun
20% Apr
y
12,400
13%
55%
113%
11
96%
13%
13%
16%
27
17%
260
16%
12% Feb
42% Deo
,
100%
113 %
13% Feb
83%
100%
16%
May
35%
100%
17
24% Feb
16% Feb
18
99%
100%
113
1
7% May
11% May
9% May
,60
Jan
.
100%
16%
is
5
101%
*16%
Deo
45%
8,500
112%
Dee
•
.
31%
17%
13%
-18
30%
16%
11
r
30%
113%
■
■:
30%
16%
non-cum
Avco
900
31
*16%
.
Topeka Se Santa Fe
Austin
32%
30%
102%
If
4ft
31%
31%
*101:
100
.108
4ft
700
32%
113%
Atlas Powder
12%
^ 4y, May"
8
Sharee
5%
%
54%
—
G
5%
32
16%
Atlas
Dec
Jan
CLOSED
^No pal
conv
I per share
J
5%"
31%
17%
2d
5 ft
5%
31%
100%
**
5
1 per share.
31%
113 %
1st
T
1
"
■
7ft
A
5%
f
16%
6ft
-.5%
5%
-
<
fev
*16%
64% Apr
13
13
DAY
com—-No par
Associates Investment Co—
Atch
6 Va
-
.'r
31
INDEPENDENCE
EXCHANGE
5
com
V
'
the Week
OOrp*»MM.^uMS
Constsbla
25 Vb May 21
■20% Feb 25
6%
'
Sales
Frlday
July')
July 8
$ per share
I per shdre
*
!
Thursday
*•;
Carpet Co Inc___—No par
Arnold
May 22
99
53'/a July 8
Mar 30
104
22% Mar
STOCK
■
61% May 18
■47 % Mar
1
68
Dec
Not
19% Jun
24
3
:25% Jan
Mar
Apr
31%
77
11
107% Jun
11
Feb
Jun
115% May 15
3
Cork Co
$3.75
preferred
$4 cum preferred
May 10
9
'
July 7
No par
Armstrong
July
35
11
40% May
23% Jun.
Jan
May 27
111
26
Feb
16
\
..
.
PRICES
Wednesday
31%
100
Illinois
of
-IBM'
'.i
SALE
July 6
1 per share
•
10
com.—
preferred
Co
at
12% Mar 12
2
S per share
...
HIGH
AND
Tuesday
July 5
.
No par
$6 conv prior preferred
14
Dec
105
Armour
9
Corp
conv
Feb
Jan
13%
62
4% ft
Jan
Feb
99
x98
Steel
56% Jun 11
99% Jun 14
114% Jun 10
18% Jun
2
104% Mar
14
Jan
.5
Ine_—;
Archer-Daniels-Midland
Armco
.ray LOW
Monday
Far
A P W Products Co
25
15% May 19
91% Feb
9iy4
66
32% May 21
101 % Jun
41% Feb
55
'
.
'
Jan
Jun
;,
July 3
,
v;. V
6% May 26
34% Jun
3
130% Jan
Dec
38%
;
25% Feb
Feb
,
RECORD
STOCK
EXCHANGE
$ per share
*4% Mar 3
28% Feb 14
39% Oct
37% Feb
SHEW YORK
Highest
t per share
6% Peb
Jun
30
fcanfb since Jan. 1
Lowest
Highest
I per *7iar«
•
STOCK
STOCKS
Year 1947
VV:'
YORK
55..
54
•
33% '
2%
2%
6%
6%
29%
29%
12%
13%
29%
18%
17%
■'* 17
33%
40%
40%
*53
1,400
1,200
54
10
2%
...
2%
2%
2%
2,800
0%
6%
6%
6%
3,300
29%
12 pi'
29%
29%
29%
:
12%
'
12%
12
110%
110
44%
*42%
44%
*42%
*17%
18%
*18
•<.
goo
44%
18%
18%
108%
♦17%
i
54
33%
110%
12%
108%
*42%
•42%;* 44%;.
*17%
; 17%;
29%
12%
•110.111%.;
40
*53
2%
7.
33%
40:
■39%
•i 54--
2%
6%:.
>
33%
17%'
17
17%
17%
110
17%
14,100
400
27,100
'
4"'
Volume
168
Number 4715
THE
COMMERCIAL
&
FINANCIAL
NEW YORK STOCK
Range for Previous
.
Year 1947
Lowest
»%
11
80
27
I per share
Deo
38
Mar
Feb
II
Feb
13
18
48% Apr
21
55
1
47% May 19
5% Jan
2
100% Feb
18
110% Jun
2
Carolina
Clinch
27% Jan.
2
31% Apr
3
Carolina
Power
32% Mar
4
41% Jan
12
Dec
50%
Feb
21%
"45
Oct
14
Oct
7%
Feb
35% Mar 30
*6% Mar 1
Jan
29% May
132
Dec
47
64
17% May
tMar 16
35% Mar
Feb
Dec
158% Jan
49% May
Feb
9
Dec
22
Feb
13
8;
May 20
Dec
108 %
Jan
97
Feb
10
105
130
Dec
July
156
123
Feb
11
140
>
32%
Apr
Feb
19%
21%
Feb
*17%
Dec
22% Feb
28
34% Jun
3
Dec
22%
Feb
i6v2 Jun
21
7% May
14%
Jan
6% Feb
28
7%
lu%
25
$4.75
-
1'2% Jun
28
ja-8duiy
5%
6
18
8% Mar
3
Dec
Feb
102
Jan
2
77%
Dec
96%
Apr
79
Feb
4
4% May
11% Dec
12%
Jan
'7 Va Jan
6
16%
Oct
Feb
116
9%
Dec
14%
22%
Nov
35% Mar
10.% Jun
*
108
30
Jun
8
83
Corp
May 27
3'9%Jun 17,
Central
111
g
e
30
38%
18%
37%
17 VB
39%
38%
38 %
8'/« Mar 19
11
Jun
29
1
de
Pasco
61%
63
36%
37%
>105
106%
61%
Corp
139%
May 24
30
Certain-teed
Oct
24% Feb
28
33
Jan
14
Chain
27
Feb
17% Feb
18
26% Jun
11
16
100% Jan
15 % Jun
8
100%
13% Feb
10
Dec
110%
Jan
90
10% May
20%
Feb
"9% Mar
23
Jan
40%
Dec
81%
Dec
3%
Apr
5% May
6% May
4% May
8% May
•4% May
2%
30%
Oct
54%
Jan
37% Jun
16
45 % Jan
9
102% July
7% Feb
82% Apr
29
90
Jan
8
Feb
% Jun
23
Chic &
11
14% Jun
Dec
9% Feb
11
Feb
6
24
14% May 21
12
Jun 23
Chicago Corp (The)
Chicago Great West rr
21% Jury
15% July
15%
Feb
7% Feb
12
10% Jan
6%
Jan
Jan
2
7% Jan
2
;4% Mar 16
Feb
14%
Feb
38%
Feb
Feb
Feb
35
Feb
Dec
28 V4 Feb
34%
56 1
July
7% Mar 16
30
Apr 15
14% Mar 9
24
12 % Jun
23
Chic Milw St
39
July
9
6
11
4*7% July
9
11
40
57
May .21
Chicago Pneumat Tool
Jan
15%
Nov
"32
Dec
80%
Sep
23
Nov
96
Feb
21
Feb
7% Mar
42% Mar
66%
Oct
29%
Jan
Jun
2
$3
25% Feb
18
39% Jun
24
Chic
22
71
11
Jun
3
Jati
5
xl2% Mav 18
14% Feb
11
16% May 27
3
July
46% July
31
6
7
Feb
18
52% Feb
11
23 % Feb
4
4% Apr
2
63% May
Jun
24
65r% Jun
lo
29% Jun
17
Is
139%
139%
33 Vb
33%
*19%
19%
100
17%
16%
16%
16%
17%
1,100
4,100
Co
5 % %
Cincinnati Gas
20% Mar 13
27
48%
Jan
36 % Jan
8
34%
Nov
28% Mar
9
48% July
33
Jun
3
11%
Feb
8
9
10
Jan
2
78
20
Dec
94
Mar
78
Jan
6
12% May
20%
Feb
84 % Apr
15 V8 Jan
6
21
83
34%
Ma y 24
Nov
27%
Mar 18
38
Jun
May
85
Jun
95
Jan
Nov
43%
Jun
Dec
115%
Feb
27%
Jun
106
Nov
35% July
109
5%%
Clark
80
Jan
29
Jun
4
10
41% Jun
14
6
111 % Jun
7
6
34 % Apr
9
108% Jun
25
5',t>
May 20
47% May 19
Cleve
26% May
107
Jan
5
Jan
72
Jan
2
71
Dec
101
Dec
57
Feb
Dec
247/a
Feb
42% Jan
14
14% Mar 15
88
11%
11%
11%
*10%
10%
*10%
78 Vb
5%
10%
Clev
May
34
Dec
140
Dec
88
Deo
39% Mar
48% Mar
154
Feb
9.1%
Dec
gtd
9
10% Jan
5
Clopay
141
May
x61 %
Jun
191%
Nov
65%
Jan
1140
May
1155
May
33
May
56
Jan
87
Dec
<
23%
Dsc
105% July
46
Feb
Lowest
1%
153
Feb
July
1
37% Feb
11
88 Va Feb
9
19% Mar 17
183
9
*52%
Jan
22% Feb
11
21%
Nov
32%
Jan
10
Apr
12%
Oct
11%
Dec
22%
63
Dec
86
30% May
36
Dec
36
May
87
Dec
l20% May
2% May
.84
Dec
25% Nov
Feb
46%
28%
*
Jim
15
50
16
35% Feb
5
43% Jun
4
Feb
Oct
48%
118%
23
Feb
90
Jan
2
26% July
20
Feb
13
2% Feb
10
4
Jan
123%
Jan
33%
Jan.
30
35%
Feb
Nov
36% Jan
7
Feb
29%
Feb
108 % Mar
96% Jan
25% Feb
14
8% Feb
11
2
28% Feb 10
29
Mar 17
4% Feb
21
Mar
11
5
51% Jun
104
July
15
7
29% May 26
3% Jun
106
24
Apr 27
25
Jun
23
11% May
10%
20%
Feb
Dec
15%
Feb
40% May
<54%
Jan
17
May
12 % May
July
30,
Dec
99% Dec
32% May
94% Dec
V$4
Dec
Dec
30%
3ah
19% Feb
July
6
106
Jun
29
11% Mar 16
9
Apr
30
43% Mar 18
19% Feb
11
11
Feb *24
12% Mar 31
To %
11%
30
107 Vb
29
Deo
17% Mar
10 Vb Jun
7
38%
Feb
32% Feb
27
114%
Feb
100% Apr
30
Feb
35% Feb
11
104% July
20% Feb
94 % Feb
10
'48
106%. Apr
44% Feb
10% Mar 17
91 Va Jun
40
Dec
93
Mar
9
May
13%.
Feb
10
Feb
May
4% May
55%
Dec
12%
Feb
48% Mar 17
€
Feb 27
'44
38
Apr
14% May
For
110% July
*85% Dec
19
footnotes
Feb
see
pa^e
99% May 25
16% Jun 30
84% Mar 23
5
3
10
5
17
May 15
18
16
176
*168
*85
90
*85
*85
200
—.
300
*
700
176
V
90
*46
49
*47
108%
8%
-
36%
I per share
*168
par
62%
EXCHANGE
DAY
47^
-
To
47
16 Va
16%
16%
27
27
26%
27'A
27%
28'A
8%
'8%
36%
8%
36%
146
90%
HIOH
I ALE
*8%
36%
146
90%
36 Vb
*144
90%
90%
170
168
"62%
95
90%
40
2,100
-
9
,36%
400
36%
*145
3.300
'■
147
*91
900
40%
*94
,*168
62%
62
1400
*1,300
•ales
July 9
t per share
the Week
I per share
169
168
62
62
*1,300
40%
40%
40%
95
95
93%
400
280
1,400
40%
41%
95
for
Shares
169
62%
'• 1,400
^
•
„
1,700
93%
530
22
22 >/b
2'2%
22%
22'A
22%
22%
23%
25%
25%
25
25%
25
25%
24%
24%
18%
-
19 VB
18%
3,900
19 VB
18%
19
19
19%
33,700
19%
19%
19%
19%
17%
17
18
100
16%
17%
16%
10%
17
16%
16
16
15%
16%
1,600
.
20%
17%
17%
Inc cl a
100
91%
Friday
July 8
168
62%'
*1300
40%
*8%
36 %
147
Thursday
f per share
1400
9
2,600
PRICli
Wednesday
July 7
95
•
120
400
I
78
47
16'/a
40%
CLOSED
78
47
1 per share
*1300
78
5,10)
108%
16%
July 6
STOCK
*103
49
Tuesday
f per share
*76%
108%
16%
146
90%
July 5
*108
26%
2 6 v*
Monday
108%
16%
16 %
*142
*107
17%
*16
4,300
r
480
700
16%
330
2.50
28
27%
27%
27%
27%
27%
28
27%
27%
27%
27%
27%
27%
27%
27%
900
14%
13,300
14%
No par
14 Va
14 Va
14%
10
*70
35
35
35%
35%
36
36%
36%
41%
10
10%
74
34%
No par
41%
42
42
1,800
41 %
41%
41V*
41'A
800
5o%
103
No par
y
14%
10"3/4
10%
50%
49%
103
103%
10%
*
74
*70
50%
No par
25%
3%
3%
3%
101
28
101
26%
10%
35%
No par
*31
Corp—i
101
27
10
No par
50%
103
26%
3%
com—No par
26%
5%
'
10 Vb
10%
10%
74
10%
^71
600
74
100
'
104
26%
_Ne par
n
14%
14%
1,300
74
w__No par
w
Co
South
of
28
Inc—No par
Coppermine*
26
3%
101
100%
50%
50%
103
102
51
4,900
103
310
26%
26%
26%
5,900
3%
3%
3%
51,600
101
101
101
26%
27%
26%
27%
27 VB
10%
10%
10%
*10 %
10 Va
35%
35%
35%
35%
35%
31Va
*31%
32%
31
31
1,300
27%
10
5%
5%
5%
5%
.
.
5%
.
35%
700
36 Vb
30%
11,100
30%
5%
2,200
.
200
.
5%
8,000
com—No par
24%
24%
No par
24%
24%
24%
24%
107 VB
24%
106%
x106VB
106 Va
105%
105%
106
105%
105%
106
>104%
105 %
*104%
105%
*104%
105'/a
100
*16%
16%
16%
16%
16%
16%
900
1.33%
Cuba 6*
Retail
Consolidated
Textile
16%
Inc
46%
46
46
45%
46
45
45%
23%
23 VB
22%
23
23%
24
24
*14
10e
com
preferred
Diamond Fibre
Insurance
,
Of Delaware
34%
37 34
*94
No par
"16%
*91
30
10%
34%
34%
102
,37%
101%
37'%
95%
95%
16%
16%
92
1 36%
*91
37VB
11
*10%
14
14'/a
11
1,400
8
;
-
*10%
34%
14%
14%
14%
700
14 VB
14%
10%
10%
1,800
11,100
34%
102
102
37%
37%
95%
*94
16%
16%
92
*91
34%
34%
102%
101%
37%
36%
*94
95%
16%
37
97,
97
11%
11%
11%
58%
58%
58%
58%
58%
59
*97%
37%
I 9%
v#%
66%
"65
66%
64%
17%
17
17 Vb
17,
17%
..
.
37%
.W "9%
;.",l 65%
.,
.
.
9,800
»• 12
58% -59%
9'A
10
3,200
99
.11%
65%
17%
J
16%
92
*97%
9%
66
900
95%
,v
37%
101x
800
840
37%
*91
W*
36%
,
34%
102
16%
92
36%
9%
'1,400
14%
•11%
9%
3,000
„
10%
,9,7%
^
100
.
14
,:H%
9%
11%
10%
'
14%
10%
'97%
No par
1
13%
Xl4
'
100
14
14%
10%
101%
1
11
15%
10%
20
18
11%
15%
No par
common
13;300
24%
1
par
Container Corp of America
4%
cumulative preferred
Continental Baking Co com
^Continental Steel' Corp—
.
46
100
Inc
Coniolidatcd Vultee Aircraft
1
Consumers Power Co com
No par
$4.50 pre/erred
No
$5.50 preferred
Continental Can Inc
16%
*11
18
pfd
8tores
Co
..
25
8
Consolidated Natural Oai
Oil
*168
90
*168
90
•
&'■»
€■
33
preferred
Consolidated
Continental
176
176
1,000
18
37%
900
3,600
**'
8 %**"-*
83
-
18
17,
Continental Motor*
19% Apr
24.
&,
10 Vb Jun
69% Jun
Mar 16
37
79
100
Continental
14
37
>80
.
17%
common
Continental
48% Feb 11
36%
36%
-
19 Va
System,
Jan
7
13% May 21
24
18
*77
Preferred called
$3.75
*8%-
83
18
36%
*}■
.♦
2.50
63%:Jnrt>l;
98
-«•
*80
18
19%
Laundrie* Corp
42 %' Jan
8%
84%
'18
17%
Consolidated
106% May 25
8%
*80
18
21
17
8%
48%
16%
12% Jun
51
Jan
16% Mar 20
*8%
J.fx-
7
.'
30% >31
17%
Grocers Carp
3:5% Jun
8%<
48 VB
.
19 %
cigar
rr of
30%
■
26
100
weferved
Consol
30%
*
com —100
Ry
Consolidated
2
31
%
3,300
102
25%
preferred
11
27% May 20
15% May 12
15% July 6
48 Va
26 Va
680
14,100
29%
•*99
48
i,
9,000
65
28%
102
48 %
79
No par
Solvents
Edison
29%
U:.
47%
*77
.No par
Corp
xlSVa Jun
30% Ffeb
98
$3
*98
26
*107
faturday
$6
Comol
29
.
64 Va
18%
LOW AND
Consolidated
10
29 Va
102
50
July 3
32
106
64 '/a
3%
53
28%
preferred
Consolidated
64
1,900
41%
28%
No par
29% May 14
11% May 20
36'Va July 9
May 21
6% May 21
*40
28%
1
preferred
Common.w'th
;41»/a
28%
Columbus •& Southern Ohio Elec
Commercial Credit common
$3.60
■40
64%
200
3.500
18
29'A
No par
Carbon
Commercial
53
*28%
l
cum
50%
30
preferred series
Commonwealth Edison Co
Com}? Nast Publishing Inc
Congoleum-Nairn Inc.
103% Feb
Jun
$4.25
Columbian
47%
3%
28%
No par
Pictures
May 21
78 %
37 % Apr
Jan
Nov
Columbia
13 %
27
Nov
21
Gas
21
14%
104%
Columbia
30
*17%
3%
42
.
*
*11
18
3%
84%
^
36%
common.no par
2nd
24
9% Jun
12
*17%
26%
m
1 12%
*11
26 Vb
31%
68'A
900
:"v
<■
f
407„
stock
1st
14% Jun
28% Feb
30%
68
67 Va
47%
29
:':
38%
3%
*99
.
48%
8%
.109
Broad Sys
b.
,
'26%,
43
«,
hi
No par
Southern
Columbia
Class
102
20%
36%
54%
38 Va
12
64 %
29,
*99
,4
36'A
*53%
9,800
J
18%
*40
64%
67%
'T
109 %
stock
Aikman
non-"urn
67%
46%
42
64%
100
non-cum
4%
38%
3
48%
*40
1
32% May 15
31% May 12
62% Apr
Mar.
33%
Apr
13
25
39% Aug
8% May
23% May
4% May
10% Feb
20
17% Jun
3%
56%
38 Vt
*109%
Colorado
32%
67%
*53%
109%
gtd
preferred
&
63%
36%
55
109%
Feb
Dec
38%
36%
109%
11
21%
38 %
3
Colonial
4%
54%
39%
68
Mills Inc
—8.
Colo, Fuel & Iron Corp com—No par
5%
cum
conv
preferred
;
20
25
55
38%
109%
20% M'iy 22
25
2,600
109 Va
11
Jun
13,700
47%
*36
28%
11
18
22%
47 %
22
47%
36%
109%
Feb
18% Jun
21%
47'A
21%
46%
36%
1
16
13
22%
22%
46%
12%
39
40%
com
com
3,000
20,300
21%
46%
*36
12 Va
38%
40%
16
11
9%
,
'46 Va
21%
40%
1?% Feb
13
8%
12%
38 Va
40%
Oct
12% Feb
9
V
39%
Oct
11% Apr
22% Feb
1
11%
37%
39%
Feb
Feb
9
2,400
7.300
4,700
12
*85
22%
18
Feb
9
•«
V
37%
*168
20%
Feb
5,800
11%
*80
Aug
16 V#
'9
w
.
•
.
'
200
1,200
900
'
7,700
66%
/:
'
4,200
37%
*18
May
17%
9%
39 VB
Colgate-Palmolive-Peet com—no
17%
5.900
:
,
'v
12%
100
2
May
8%
No par
com
(The)
1
May
8
38%
100
com
Internat
8
13%
8
11%
8
16% May
8
14
13 VB
7%
38
8.50
a
9% May
13%
13%
*17%
12
11
13%
*11
18
Feb
13%
13'A
12%
Class
Collins &
7%
13%
18
Coca-Cola
25% May 18
26% May 21
19% July
9
12,000
85
13%
*11%
1
$3.50
300
38%
7%
*17%
2
Apr 20
27%
38%
*83
15
8
96
*27%
85
11%
Jan
45% Jan
27%
38%
*83
600
21%
Far
Coca-Cola Co
14
21'A
exchange
July
86;'e
.
60
*13%
11 Va
Inc
york
'
38%
27
38%
,
700
T
14%
14%
20
7 %
500
24
13%
xl3%
14
1,100
1,900
,
,
99%
11%
63% Jun
1332
*13%
100
27%
27
38%
7%
24
99%
100
14%
$ per share
11
61% Mar 25
1332
new
14%
*83
24%
*99
21%
2nd pfd
cum
13%
85%
*24%
■
11%
preferred
4%
Highest
$ per share
39
7%
No par
Co
Cluett Peabodv & Co
Range since Jan. 1
Highest
$ per share
27%
38%
stocks
Year 1947
Lowest
27%
*83
24%
100
1,600
28 %v
UVa
Molybdenum
Range for Previous
f per share
14 %
13%
Corp___
July 7
May 20
*13%
24%
*99
'
4.700
.
18
20%
com
Co
.70
;
26 VB
*29
No par
Industries
36% May 17
98%
100
4%
Special
Clinton
92%
24%
13%
common
rr
Climax
146
.17%
29%
100
Pitts
5
10
18
29 %
11%
preferred
18% Mar 22
Feb
26
17%
98%
100
Bronze
35 % Jan
81% Mar 18
26
18%
29%
20%
14%
preferred
5
137
25%
18%
29%
11%
preferred
23% May
30% Mar 16
25%
18%
30
24%
Machine Co—.1$
Illuminating
28
18%
No par
7 Va Mar
32
25%
27
30
3
Graph
&
26
27%
14%
Corp
non-cum
T
11%
10%
100
■
2,900
-
83%'
20%
Co
$4.50
■A"
7%
107
11%
prefer!ed
Cleve Elec
*81%
,
11%
106
Ry Co
MM
•106 *
83
10%
10
& St Louis
7%
107
11
No par
Equipment
c
82%
11
25%
com—No par
Elec
7%
106%
*81 %
27
107
11
13%
City Stores
34% Feb
105% Jan
Mar
42%
14%
t Financial
c c
34%
107
17
i
7%
*106%
*81
82%
11
1
4%
preferred
Cincinnati Milling
c
7%
107
>10%
No par
'
6,000
27%
100
-
3,800
.
City Investing Co
May
26
Mav 17
11%.
37 % •
15%
City Ice & Fuel
7% Mar
37% May
27 % May
101 % May 26
„
11%
37
26%
series
&
x94 % Mar 11
9%
11%
37 %
29
2.80
Feb
8%
11%
36%
21
Chrysler Corp
Feb
8%
11%
37%
28
25
28
8%
11%
37%
X7%
11%
preferred
111
8%
120
3,900
12
15
Chile Copper Co
Dec
8%
17 V
'T"s
38%
7%
25
common
May
21 'A
8%
17
20%
Yellow Cab
Chickasha Cotton Oil
Childs
100
19%
107
5
...
8,900
33%
>81
No par
rr Co__No par
a
100
Pac
2,200
:/
12
preference
&
preferred
i
36%
106
50
Chicago
3
42
convertible
Rock
Conv
140
1
62
i
36 »A
,
*104 Va
37%
No par
p vtc__No par
&
*139
■
29
a
Series a preferred vtc
Chicago & Northwest com
5%
preferred
45% Jan
—
Paul
61%
36%
105 "'a
com—50
5%
preferred
Chic Ind & Louis
Ry Co cl
Class 3:
8
6
,..61 Va
36
32%
1
30
1,400
V,,' 'TV 60
*19%
40
Co
1,500
49
147
33%
19%
„
100
a
9% Jun
22% July
49% Mar 20
Class
8%T
48%
*19%
com__No par
Jan
Jan
4%
111 rr Co
8%
20%
15%
East
preferred
12%
Nov
Dec
convertible
100
&
*16%
8%
.1.25
3 % %
8 Va
.
2,300
:■
x32%
^no par
Chesapeake Corp of Virginia
Chesapeake & Ohio Ry common
38
•146%
*103%
7;
37 %
19%
1
preferred
140
400
''
34%
No par
12%
33 %
10%
Products
Co:
Checker Cab Mfg
29
11
4
8
May
Belt
$4.50
6
30
27%
83%
81% May
16
'
25 % Mar 16
Dec
6% May
23% May
13 % Nov
Feb
20
140
: 1,100
30%
39
48%
61
37%
30%
146%
146%
105
160 :%■
17%' .17%
*
8
.
1,300
;
19%
Champion Paper & Fib com—No par
Jan
36%
105
140
,
48
:
33%
5
21%
8
61%
No par
Copper
8%
V,
90 V'
7
108
*38
17%
;38
*37%
48%
145%
corp..No par
Century Ribbon Mills
28% Apr
8 Vb
48
145%
Pr
Central
8%
48 Va.
146%
Light
ny
May 21
Cerro
8%
48%
1,300
6%
38
17%
*145%
600
17%
54
108
30%
38
;i7%
100
19 % May
'
30
;%o
'
4%'a pfd
100
Corp 3.40% pfd.100
rr of New Jersey
100
Violeta Sugar Co
9.50
Central
tCentral
6%
108
*37%
No par
11% May
20% May
,
x30
6%
17%
*39
1
of Ga Ry Co vtc
preferred series b vtc
15
19
30%
6%
■
;-
iShares -A'
45%
17%
*52%
108
30%
45%
53
108
No par
Central
45%
vl7
52
xl08
6%
the Week ;
■
I per share
17
52%
109%
20
Central Hudson
17%
6%
No par
Co_
45%
*108%
CLOSED
100
common
17
52%
"
No par
preferred
5%
17
45%
Bales for
Friday
July 9
July 8
t per share
6%
Corp of Amer com—No par
preferred
45%
'53
DAY
No par
23
22% Feb
^
Thursday
July 7
t per share
;;46
*52
INDEPENDENCE
.180
Central. Agulrre Sugar Co
28
STOCK
EXCHANGE
98
common
Central Foundry
;7Ve Jun
■
15
PRICES
Wednesday
1
17
*
8
7
10% Jun
46
No par
Co
9
32% Jun
100%
co
1st
Celotex
~
Dec
Ry__—100
7 %■ 2nd preferred
5.
18% Feb
9»/, Juiv
{J ii
Celanese
2
20Vb Jan
18 Va May
Ohio
1% preferred
Caterpillar Tractor
May 27
19% May
$ per share
.No par
Light
Steel
I perthare
SALS
July <>
Corp common..
10
Conv preferred 4% $erie$—8$
Carriers de < General Corp—
1
Case
68% May 15
39% Jun
9
X97
As
HIGH
Tuesday
-
Carrier
52% Jun
2
14*7
Jun 30
26
28%
Carpenter
19% May 21
5
53
6
Mar 22
43% Jan
9
130
Feb
Feb
'8%
AND
Monday
July 5
$ per share
July 3
Capital Admin class a common—1
$3 preferred a
10
Capital Airlines, Inc
1
Feb
12 Vs May
6-
•ate r day
——
Jan
Jan
38
May 15
Mills
Jan
39%
35% May
Cannon
57%
128~
LOW
STOCK
Far
15%
Dec
...
YORK
EXCHANGE
t per share
14%
Dec
Nov
NEW
(159)
RECORD
i stocks
,
Highest
47%
"
May
5%
102
Lowest
$ per share
Not
Apr
Range since Jan, 1
Highest
# per share
CHRONICLE
7,900
17%
2,200
>
16
THE
(160)
COMMERCIAL
NEW
YORK
&
FINANCIAL CHRONICLE
STOCK
RECORD
LOW AND maw SALE PRICES
STOCKS
Range sIbm Jan. 1
Year1941
Cooper-Beeeemer
$3 prior preferred
Oopperweld Steel Co
Dee
x49% Mar 17
53% Jun
11
17%
Jan
Oct
20% Jun
18
Vtk
13
Feb 11
42% Mar 24
60% Feb
vilHMir
10% Feb
Jan
48
May 20
15% Jun 15
July 6
11
Feb
13
.80
57
«l*
Dm
si
11*
DM
32% Tab
IIHDH
105% Tab
62
Feb
6
109%
Jun
62
Jan
12
97% June 24
78% Jan
59
Apr 30
66% Mar 24
II V
DfS
61% «fP
195
DM
170
169
Feb
0
1
,Mar 19
177
Mar 16
5% Jan
2
3% Feb
2
4
Feb
29
'Feb
13
39% Jun
14
Mar
65
Feb
11
98% Jun
Jan
15
24% Jun
8
Dm
18
Oct
11%
DM
30
Jan
Mar 16
17% Feb
52% Mar
Dm
13
6% May 13
x21
Jan
26 %
11
2
42
May 27
46% Mar.
34% Jun
,26% Mar 18
1
34%
Oct
Dm
-
108%
Feb
91% Feb
24
102% May 10
130% Oct
37% Feb
102% Feb
18
129
109% lay
12% May
66
May
13% May
21 V>
Dm
163 v Jan
17% Sep
101
Mar
19% Feb
Oofe
166
27% Nov
Jan
12%
Dm
82%
Deo
>16
24%
26% Mar
;113% Jan
147
Jim
70
6%
21%
87
61
4% Feb
13
Jan
27
133
21% Mar 16
20
Sep
'Sep
Dee
>
Jan
31% Jun
Feb
15
35% Mar 16
46 Vs Jan
2
29% Feb
5
38% Jan 20
11
11
116 J/4
116%
116 %
116%
116%
116%
26%
26%
26%
-26%
26%
26%
27
75
74%
74%
RR
Cuba
6%
1%
preferred
•'4%%.
Class A__
Sobs toe 7%
pfd
8%
8%
*38%
40
40%
39
39%
39
.so
*32%
33%
32%
32%
32%
33%
*32
100
preferred
'
Hudson
13%
13%
*24%
25
25
25
14%
*13%
14%
*13%
14%
13%
13%
100
1,000
46
De Vilblss
xl9% May 21
6%
19% July
2
Co
—
18%
*18
Class
76
Jan
47% Jan
2
67% Apr
15
Douglas
42% July
32% Feb
20
Dresser
Feb
83
Jan
2
96
July
1
Feb
12% Feb
11
20
May 15
DiinhUl
17%
Not
12% Mar 11
18
May 20
Duplan
9
124% Jun
99% Jun
22
2
conv
oommon
37%
"37
37%
37
37
400
54
*53%
54
53%
54
220
16
16
*15%
16
15%
15%
15%
15%
700
38
38%
38
38
37%
37%
37%
38%
2,600
14%
14%
14%
14%
14%
14%
14%
14%
NEW YORK
15% Aug
19% Feb 27
25% May 27
16% Feb
20% May 18
16% Mar 16
22% Jan
Eastern Stainless Steel
48% July
11
38% Feb
10
Dso
198%
Oct
162% Jan
12
42% May
18% Dso
57%
Deo
47 V* Feb
25%
Feb
17% Feb
163
88
109
Deo
16% Aug
104
4% May
M% May
10% May
23% May
2
Feb
82
27%
Feb
13
111%
<
Deo
Feb
102
Mar
17
28
65% Jun
14
13
19% May 17
92% Jun
1
8
24
175
:
16% Jan
106
2
Jan
12
8% Jun
24
8%
Feb
65%
Feb
43
Feb
20
56
16%
Feb
11
Feb
13
16% Mar 24
39%
Jan
32% Feb
19
37% Jun
3%
.
Sep
Jan
1% Feb
11
19% Feb
13% Feb
11
5% Jan
5
'
11% May
46% May 15
Jun
Mar 16
Feb
8
146
Deo
171
126%
July
139
Feb
10
Dee
156%
Feb
123% Feb
11
47
Jan
57%
Oct
49 y4 Feb
10
16%
Deo
24% Mar
14% Feb
Jun
1
10
2% May 24
23% July
158% Jun
7
19
17
28
27% Jun
14
65
Jun
28
74% Jun
46
Deo
97% May
102
May
2% Deo
•%
Deo
107
Mar
27
104
Jun
07
Feb
4%
Dec
4% Jan
5
12%
Feb
9% Feb
11
50% Feb
11
Feb
Mar
13%
Feb
17% Deo
24%
Feb
10% Not
64% Mar 13
6% Apr
xl4
14
Mar 17
25%
Jan
•2% May
50%
Oct
38
Feb
10
B«%
13% Aug
6
Jan
23
60
Jan
31%
Feb
7% Mar 17
40% Mar
9
9
9
For
footnotes
see
page
54% Jun
10
26% Mar 17
31% Jan
5
20
24
Apr
14
Apr 23
*114
INDEPENDENCE
DAY
14%
98%
98
114
14%
600
114
*14%
650
14%
300
Friday
July 7
July 8
the Week
9 per that j
9 perthart
f per thart
Sales fst
July 9
Thuraday
Wednesday
ihartt
2P/4
22
21%
22%
21%
21%
21%
22
2,300
17%
17%
17%
173/4
173%
17%
17%
17%
3,400
19%
19 %
18%
193/a
18%
19
18%
19%
2,500
435/8
7,800
43%
42%
43%
*171
44%
89%
89%
*89%
172
44
90%
43
172
43%
*171
*171
172
63%
*
643/4
643/,
18 %:
18%
18%
30
64%
19
1.700
500
89%
30
143/B
14%
14%
14%
143/o
14%
2,700
*100%
103%
*100%
103%
*100%
103%
14%
103
*88%
88%
90%
8
*7%
53%
53%
52
52%
52%
53
1,700
143/4
14%
14%
143/4
14%
14%
143/i
2,500
No pax
363/4
36%
37
37
Electric Power <Se Light com—No pax
23%
(The).
Convertible preferred
$7
preferred
No pax
lta pat
86 preferred
Electric Storage Battery
Elgin National Watch Co
Elliott
Co
5 %%
Nopax
5%
4%
5%
Office
1563/4
157
600
1423/a
*141%
142%
600
52%
52%
52%
500
*15%
153/4
15%
15%
273/e
27%
273/a
273%
72
73%
723/4
72 3/^
46%
46%
Corp
46%
*45%
63%
68%
68%
70
1,000
19%
19%
143/4
193/e
19%
2,000
15%
9,700
14%
14
13%
100
15%
15%
14%
15%
14%
15%
15%
155/s
15%
15%
900
333/8
*32%
333%
33%
33%
33%
333/4
1,100
101%
*100 5/8
102
102
'
*101
14%
102
100%
101
50
:
pax
64%
*64%
64%
72
*67
6%;
67
4%
4%
4%
4%
1,100
:ie%
16%
163/8
29,100
645/a
64%
*64%
67
64%
500
67
*67.
/
68%
6%
65/8
6%
68%
65/a
2,000
16%
16%
16%
16%
500
5%
9%
1,900
44
443/4
443/4
900
6%
500
6%
6%
163/4
*163/B
4%
153/4
16
6%
163/B
16%
9%
..51%:
28%
♦22
.
9%
*44%
45%
9%
433/4
6%
*6%
9%
45%
9%
Sugar Co of Forte
*45%
19%
33
45
Fairbanks Morse A Co
1,000
69
4%
AH
4,100
72%
46%
19%
15%
Inc__
27%
*68
43/4
>
300
Vp
*45%
20%
''.16%
86
15%
21
70
19%
43/4
100
15%
*72%
46%
*67
15%
Corp
Rxohango Buffet Corp.
4,000
11,200
*51%
*141
52
157
300
2
73
1
No
Pittsburgh RR Co
Falstaff Brewing
142
52
37%
153/4
8
Bldg
Williams Corp
Evans Products Co
Fa Jar do
156%
156
1413/4
52
100
23%
273/4
lot
preferred series A
Eversharp
156
142
1%
233/8
72%
1
Phonograph
common
Ex-Cell-O
157
52
1%
23%
1%.
27%
4
preferred
RR
156%
*141%
*36%
37
23%
*15%
—50
Electric Mfg Co
Equitable
Erie
2
23%
10
Natural Gas
&
23%
7 3/4
50
preferred^
preferred
Paso
1%
23%
73/4
8
*7%
16
common
conv
*36
2
1%
Elec & Mus Ind Amer shares
8
*0%
6%
6%
51 3/4/?
'28%:
22%
,
£»S**
95/8
51%
•
,
*67
6%
51%
51
28%
283/4
283/4
22%
22%
*22%
*6
51
28%
■:
■
24.
98
115%
*14%
900
BALK PRICEB
9 perthart
14%
common
Eureka
5
98
114
14%
600
5,400
53
Erie St
3
7% Mar 10
98
114
16
120
14%
14
11% Jan
STOCK
CLOSED
120
17%
183%
*7%
14
49% May
I par thart
120
%
52
Jan
20% May 17
6 por thart
187
1
68% Apr
9
98
1
Electric Boat
Emerson Radio
5% May 28
16% July
64% July
3,600
Elastic Stop Nut Co
El
10
300
500
29%
Electric Auto-Lite
6
Jan
*16%
188%
x98
14%
*100%
Empire District Electric Co
16
Endicott Johnson Corp common_Ji
34
*94
18
188
98%
Tuesday
July (i
-106
15% July
2
Monday
July 5
.2.86
Emerson
85
May
mon__^
common
preferred—
20'/a July
151/2 July
67
M
preferred.
Products Co
46J/2 July
7% May
NH Jan
4% %
4%%
98
16
114%
14%
18%
Ekco
104%
106%
29%
119%
*18%
76
22
121
19
11
12% Jan
*119%
*18%
com:
13
x29% Jun
121%
Edison Bros Stores too
16
Apr
187%
105
15%
63%
Jun
Jan
186 %
63%
12% Feb
19%
186 %
63
55% Feb
38
15%
63
Oct
Jun
*16%
15%
*103%
29%
*94
17%
*15%
172
Dec
.
47% May
Dee
16
59%
63
Not
Co oommon
cumulative
17
9% Mar 18
£l%
>
6
98
*16%
172
14
Jan
*94
98%
EXCHANGE
8
29%
18
preferred——106
Eaton Manufacturing Co
4
6%
4
143% Apr 28
56% Jan
9
24 J/2 Jun
46% May
6% May
Eastman Kodak
ii
Corp
103 %
15%
LOW AND HIGH
Eastern Airlines toe
Jan
105
105
98
114
July 3
Eagle-Plcher Co
Apr
51
*104
*
30%
121%
fatorday
Far
24%
104%
104
29%
185
10$
STOCK
Jan
104%
104
30%
15%
EXCHANGE
Not
104 %
104
"
s
16
14% Dss
42% May
2,300
5,500
*16%
$ ptr thart
f per thart
57%
47%
1
STOCKS
I per thart
57%
46%
*94
19$
No pax
Highest
58
46%
£9%
niffnr finrp
Range slnee Jan. 1
Lowest
57%
46
104%
Preferred $3.50 series
a
58%
46%
*103%
No par
w
57%
44%
_»0o
..
3,200
58%
No par
,
800
18%
45
No par
preferred
18
18
17%
58
Nopax
International
18%
44%
.16
common
16%
■
37%
*53%
«.
Corp
Range for Prevloue
i
37%
53%
Duquesne Light 5% 1st pfd
n
300
700
15,100
18%
Preferred $4.50 series
3
Jun
15% Jan
116
17
53%
Du Pont de Nem (S I) da Co com—to
17
17%
16%
*37%
.Nepax
Co
Industries
3%%
19
14% Not
188% July
„
Aircraft
Chemical
10% May
44%
17%
17%
No pa*
Corp
Ltd
$4 preferred series A
$3.25 2nd preferred
15
21
*43%
17%
16%
Nopax
1
Pepper Co
Doehler-Jarvis
21
44%
17%
1
Dome 'Mines
31% Jun
43 %
17%
Nopax
17
106% Jun
*
18
700
No par
Co common
A
24
106% Jun
44%
200
44
17
Feb
0
43%
17%
40% Jun
6
44
17
10
13
43%
S
13
Feb
44
Corp-Seagrams Ltd
22
Feb
44
2,400
26%
43%
Feb
Jan
26
*17%
14% Jun
90
27
44%
29
21
26%
17%
Car
Dlvco Corp.
Dow
'
—*8
27
45
*44
27
17%
Oct
Oct
No par
13
27%
27
*43%
Jun
Dee
—13.60
f
Dixie Cup
Dr.
*13%
Co
T Motor
39%
9
f
—
partic preferred
Diamond
Distill
21 Vt
47% July
_
Corp
Devoe Si Raynolds class A
Diamond Match common
10
6
I ptr thart
65
13%
25
Jan
Highest
*59%
65
13%
23
Year 1847
*59%
65
9
Lowest
6,500
*24%
19% May 26
*7
2,600
21%
*59%
44% Jun
Mar 15
55
21%
xl3%
13
Feb. 11
37
54%
21%
13%
15% July
13
36%
54%
21%
25
Feb
94
36%
53
21%
62
11
112% Apr
36
54%
21%
25
34
Jun
36%
54%
21%
13%
.2
19% Mar
35%
55%
21%
*59%
21
115%
4.000
36%
54
«e
.
Edison
1
Jun
Deo
400
2,000
25,600
1
Apr
Sep
1,400
6,400
33
108
41
14
1
Detroit Steel
56
110%
7,700
38%
39%
Detroit-Michigan Stove Co
9
10
28
8%
8%
38%
40%
1,900
13% May 24
5
113% Jan
12%
39%
8%
70
13%
26
18
129% Aug
107% Sep
13
35%
47% Mar
115% Deo
92% Deo
13
Denver St Rio Grande West RR
Escrow ctfs for com
100
Escrow ctfs for pfd100
Jun
Mar 18
92
13%
£
164
92%
*91
50
14% Mar 12
July
1,400
*92%
92
49
29% Feb
197
31%
31
31 %
92%
*91
12%
Oct
May
xl2%
4,100
30%
92%
12%
12%
12%
27%
92%
31%
92%
*91
17%
27%
13
Oct
173
31%
*92%
200
*17%
49
Sep
98%
31%
92%
93
31%
92%
*92
•
12%
19 %
Deo
27%
17%
27%
*17%
48
55%
80
v!
17%
27%
12%
28% Jun
97
*17
x27 %
48%
40%
Feb
17%
27%
27%
12%
26
23
*17
1
17%
48%
18%
104%
1,300
17%
17
13%
10
Mar 17
28%
93%
93%
17
49
16% Jan
13
28%
*91%
28%
*91
12%
11% May
16% Deo
114%
17
48%
12% Mar 30
Feb
Deo
93%
*16
—No par
common
Jan
May
*91%
17
37%
22
Feb
600
8%
Detroit Hillsdale AIWIUI Co
14
94
■
30%
30
30%
28%
29
28%
28%
17,000
140
*132
140
30%
30%
_60
1
16
*132
300
28,500
27%
26%
26%
25%
25%
140
-
*30
_
8%
7%
8
Delaware Lack St Western
24
13 Vb July
Jun
38
24%
*132
7%
8
37%
60% Jan
Feb
24%
140
6,000
57%
*57
57%
57
145
*138
145
*138
8%
0
91%
24'/a
11
10%
10%
10%
10%
57%
7%
*132
200
37%
11
Jan
7%
600
20
20
9
Jan
24%
57%
16%
38
22% Mar 18
50
57%
100
*16%
20%
145
1,900
86%
38
10% Feb
17%
10%
*138
7%
f
58
42% Not
20%
*20
'
86%
16%
*16
Deep Rock Oil Corp
Oct
35% Mar 12
*20
11
145
*56%
_1
13% July
Jan
16
110
8,000
*159%: 180
11%
11%
87
16 J/8
100
15%
14%
11%
*85%
400
1,900
29%
*28
180
*11%
16'/8
20
10%
106
26%
j
20
*138
.106
62%
47
16
*159 %
11J/2
87
*91
series A
Preferred 3.75% series B_
Aug
'
16
180 '
11%
*85%.
.
SO
10% Way
17% Jan
21
*159%
11%
87
.
X28%
(The)
Detroit
22% Feb
13%
r,
6.66
21% May 17
Feb
13%-.
_106
Apr
31%
14%
31%
14%
30%
Preferred 3.78%
St
28%
14%
f
Chemical Corp
Delaware
28
30%
Dayton Pwr A Light common
7 %
28
180 '
11%
106
preferred
Co
75
28
No pa*
Corp common
Deere &
*74
*74
*85
1
Cutler-Hammer too
75
•
,*159 J/4-
8
31%
31
31J/8
31
28
13%
100
20
45% May
16% Sep
88% Dee
*27
16
oommon
27% Mar
28% May
16% May
*74..,
100
-
preferred
Cushman's
311/a
lit
pfd
non-cum
Cuban-Amer lean Sugar common—10
9
Deo
31
166
6
20% May
36% Apr
100
•
115%
preferred
conv
July
0
44 %
6
50% Jun
37
44 %■
26%
34% May 24
7% Feb
200
2,800
115%
5%
55% July
19%
-44%
23%
64 2nd preferred-.—-—.No par
Crucible Steel of Amer oom
No pax
14% Feb
May ,
May v
*43%
*43%
44J/4
23%
23%
250
32% Mar 18
49
441/4
*4.2%
1,000
*23%
-
3,400
Deo
Jan
24 %
31%
Deo
Deo
23%
23%
102%
69
/
*23%
24 J/2
102
19%
Oct
23%
24
1
3,100
101
44%
18
23%
24
38
100%
5%
Jun
Feb
Oct
23%
24
•
100%
Davison
<
1
23%
60t
38%
6% May
10%
-
100%
26% May
20% Dee
/:
98%
10%
Decca Records toe
16% Dee
32% May
6% May
10%
38%
*97%
10%
9
Oct
45% Mar
37%
98%
.60s
46%
31
38%
Dayton Rubber Co
42
3,600
100%
6
13% Jan
3,300
3
10%
5
9
4%
3
10%
15% Jan
20
120
4%
'
10%
17
Feb
2%
3
140
173%
_
4%
10%
10
8% July
173
4%
10 %
Jun
30
173
174%
4J/2
—
2,700
173%
*97%
Jun
Oct
63
2%
94
Feb
61%
.
38'A
98%
94
20%
62%
62
2%
5
45%
61%
61%
62%
37%
2
Aug
May
96%
*97 J/2
25
11% Sop
11
Sep
96%
2%
Jan
S3
97%
*97
*96%-
98
98%
Jan
12 '/a Jun 28
"96%
96%
38%
24% Feb
Feb
98%
2%
84
23%
*97%
100%
7
11
99%
56%
37%
85
>
700
98
97%
*98'%
13%
13%
<57
*97 J/2
•
Dana
17% Jan
21%
61 %"
1
Cum pfd 3%% seriee A
Davega Stores Corp oommon
x27% July
*21
%
No pax
2
25
21%
96%
No par
24
14
101% July
101% July
"
Deo
preferred
10
Feb
400
21%
2
20% Jan
18% Feb
1,200
21%
*97
oom._t.86
new
94% Jun
35%
'
Dee
82%
84
Seal
30% Jun
Oct
15
Jan
13%
56%
12%
1
0
87% Mar
13% Mar
13
56
22
96
4
Mar 16
Oct
'v ';
-
137
July 2
x31% May 26
; 24%
-
14% May
14
May 14
8% Apr 16
27 % July
9
23%
60% Not
16%
11
18% Feb
Deo
26%
16tt AV«
Mar 11
48
7
13%
166
Crown Zellerbach Corp com
84.20 preferred
-4.
May
2,300
48
*46%
48
22
Cunningham Drug Store* too
.2.56
Curtis Pub Co (The) oom
No par
67 preferred
No pax
Prior preferred
No pax
Curtlsa-Wr.ight common
1
146
230
19%
571
4 J/b
24% Jan 13
11% Jun 15
;
53%
19
13 %
56%
174%
Cuneo Press Inc
17
53%
13%
4%
17% May 18
11
*46%
48
1,000
53 %
57
173%
13
Feb
,
/
30%
13%
4 V4
Cudahy Packing Co
.7
*46%
48
19
30
19%
53%
19%
173%
13% May 21
87% May 6
122% Feb
Apr
Feb
30%
U% May
Jun
53%
19%
.
1
13
Feb
132
Fab
126
177?
*52%
19%
Sharet
29%
29%
26
lOt
18% Feb 27
Mar
4% May
12% May
62
29%
Bales let
the Week
9 per thart
.
56%
106
of
&
29%
53%
*46%
f
166
common
Cork
CLOSED
DAY
9 per thart
9 perthart
30
19%
INDEPENDENCE
July 8
July 7
*52%
STOCK
66
Amarlea
CreSm of Wheat Corp (The)
Crown
July 6
Friday
July 9
Thursday
Wednesday
Tuesday
f perthart
30
1
68
preferred
Creameries
■'
„
f ptrthart
EXCHANGE
15% Feb
Deo
•-
17
No par
5
81% Jan
Feb
12%
mimk. May
Apr 21
10% Mar 9
Jan
Co
3%%
2
16% May 21
11
155
1
14
34
2
12% Feb
Jan
Jun
28% Jun
78% Jun
22
Feb 10
66% Mar 17
Jan
34% Oct
,66
Dm
eowen
Corning Glass Works owiwi
3%% preferred
Cum pfd 3%% aer of 1947
Corn Product! Refining sea
A, 7 %
preferred .
Coty toe
Coty International Corp
Crane
$ par thart
Mialay
Julys
com__No par
Corp
Corn Exchange Bank 4i Tr Oa
6
Apr
26
July 3
Convertible pref 5% seriee
Cornell Dublller Electric Corp
2
40%
11%
16
97% July
107
16% May
DM
16
11
,2% Mar 17
Jan
4% Jan
17
41
23% Jun
•16% Feb f*
Apg
8%
4% DM
t* dm
•stwrtsy
Far
14
98
Miy
12)4
STOCK
Jun
33
66
o
YORK
EXCHANGE
I per abare
19% Mar. 9
37% Oct
Apr
NEW
.T
Highest
f perthart
I p trthari
I per ahare
12)4
Lowest
Highest
Lowest
Monday, July 12, 1948
xny; i
w
P-W-
23
51%
,
(
51%
28%
29
*22%
23
30
500
:
v
-; A
1,000
200
THE COMMERCIAL
Number 4715
Voluine 168
NEW
Kii(* for
%■
:
*
Previous
-■
•>-i
Highest
■
RECORD
Saturday
A;./ '■ EXCHANGE
..'.'.dHno*'?; t
'
r
24% Jun
7
;
May 17;.
7
42% Jun
11
*104
Feb 29
Feh 29
30
Jan
24
Aug
Dec
14% Mar it
23% Fe* 11
16%r Feb
14
- A
V May 27
9% Mar 17
33
89
Feb
13% May
26% Jan
22
13% May
25%
Jan
12% Feb 26
8% Apr
6
50%
Feb
35% Feb
13
18
9
Jun
3%#
Mar 16
Nov
22
Jan
10
Dec
39
Jan
17% Mar 12
24% Jan
■
77
Deo
103% Mar
77% Mar 29
83% Jun
18
8% Deo
.17% Feb
10% Oct
6% Mar 16
7% Feb 11
Jan
18% Mar 23
20
21
4ft
10% May 21
10% May 22
Gabriel
12% Feb
27
Dec
18
Feb
13
9%
Feb
5% Feb
11
9% May 20
26 %
43%
Feb
Jan
5
23%
*101
Dec
9%
Dec
11
13
11% Feb
13
99% Mar 24
50% Mar 11
13%
185
146
Jan
14%
Feb
8
May
71
Apr
37
Sep
Dec
33
Feb
137
Dec
160
Jan
32
May
34%
39%
103
Dec
87
Dec
Deo
*122
85%
81%
Jan
Dec
129
Dec
107%
15
Jan
2
Jan
28
7
144
43
July
Mar 19
34
88% Jan
2
Mar 13
9
40% Feb
1*.
118% Feb 25
Feb
97
Feb
120%
21
31% Mar 11
54% July
131% Feb
100
Jun
42% Jun
24•.
132 %
16% Mar
123
14% Jun
3
15
20% Feb
Aug
Dec
May
10%
14% May
82
27
Feb
10
50% Mar 16
Mar
119% Feb
19
17
1
May 27
41
Jun
96
Jun
13% Jun
8
2
17
50% May 15
128 % Jun
2
108
Jun
3
65
Jun
24
125% Jun
1
•9% Jun 14
4%
Feb
2% Feb
13
Dec
16%
Jan
11% Jan
22
15% Jun
May
31%
Feb
21% Mar 16
125
Oct
Feb
140
124
6% Feb
3% May
18% May
29%
Oct
36%
May 12
4% Mar 11
Jan
22% Feb
11
14
31% Jan
12
22%
23%
22%
82%
82%
83
83
*82%
*8Ya
8%
*18'/a
101% May 22
17
30
Jun
90
May 12
81
Nov
98
Feb
72% Jan 23
82% May 19
9Ya
22
133
Dec
27% Feb
13
Jan
Apr 26
17% Feb 14
96% Jun
Feb
Jan
85% Jun
90
25
2
May 15
79
Apr
26% Nov
21
Mar 17
58
Sep
48% Feb 27
5% May
104% Jun
7
Feb
4
124
Oct
113
21
Dec
33
Feb
49
Jun
99%
Dec
41%
Dec
95
Dec
109
Aug
96% Mar 18
104% Jun
3
13% May
24
Jan
16% Feb 11
23% Jun
14
Oct
3% Feb 27
57/a Jan
2
71% Feb
Mar
30
1
Mar 10
19% Feb
18
61%
3
28
May 18
55% July 6
Jan
9
121% Apr
22
6
40%
*22%
22%
22%
133
12
13%
80%
s
41%
5
7,000-
250
*131%
133
40%
41%
40%
40%
21,800
39%
39 %
40 Va
N38Vo
41
39
38%
399 b
3894
39%
4,200
*94
96%
96
*93 Va
96
132%
*93 Va
11%
11 Yu
12
48%
48%
48%
11 Va
48%
X48
126%
126
126
107
107
107
107
95
*94
1194
48 %
11%
1194
4894
*126
133
133
*126
126%
106 %
107
64%
'•'6394
64%
63.94
123%
123%
12394
98%
98%
1294
*
7,000
48 Va
106 l/a
107
3,400
70
126
98 %
L
.
126
64 Va
123%
:
122 %
16 Va
16%
16%
16%
1694
*16%
16%
21 Ys
21 %
21 %
2194
21%
21%
2194
Equip Corp—No par
15 V*
15%
21%
15%
15%
14%
15%
14%
' •20,600
Si
V*:*
y.
.
15%
98
98
j,
4%
4
4
4
Time Instr
Corp
preferred
Rubber Co
Gen Tire A
15
1494
147/a
25
25
25
♦126V4
127
127
127
*126%
5%
4
14%
15
15,100
25%
25 %
3 Ya
3%
'
li*
*28%
28%
28%
299a
27%
*27%
25%
25 7/a
25%
27%
*26%
27%
*26%
*100
101%
*100%
28
28 Va
102%
*100
28%
28 %
§
28
*89
92
*89
92
*81
83%
*81
83%
27%
130
123
26%
*26%
100
100
10
5%
25 Ys
108
500
127
5%
122
121%
122
*126'%
29
27%
27 Ya
*275/s
•121%
127
5%
5%
29
29
14%
5%
5%
5 5/a
29
com—No par
com
Saturday
July 3
Far
f per there
Monday
Julys
9 perthare
Wednesday
Thtsdey-
July 7
July 6
9 per
1 per thare
share
Gimbel
Brothers
•
common
$4.50 preferred
No par
(The) com
No par
preferred
60
Goebel Brewing Co
1
Gold A Stock Telegraph Co
100
Glldden
4% ft
Co
conY
Goodrich Co
(5 preferred
No par
Goodyear Tire A Rub com—No par
$5 preferred
No par
Gotham Hoalery
No par
16
47% May 20
Inc
(B F)
..—18
No par
com
EXCHANGE
CLOSED
INDEPENDENCE
DAY
*81
95
22%
22%
*93
X21 Ya
22%
127%
25%
27
101%
25%
*26%
2,700
1,300
(
27%
800
129
560
25%
6,200
27
100 Va
100%
28
28
27%
27%
*89
92
90
90
10
80
81
*80
82
100
Thnrsdsy
July 8
1,100
Friday
Bales fer
the Week
Shartt
tperthare
26%
25 T 4
55%
*54%
5%
5%
5%
5%
5%
119%
2294
223/a
22
6294
61
6194
*102
102Ya
10194
*20%
21%
4V»
43/a
4%
4%
5% Feb
17
8"% Apr
23
B
*7
14
41% Jun
21
Grand Union Co
No par
40
40
18
Feb
11
33% Jun
14
Granite
No par
31%
3194
31%
Jan
24
Feb
16
31
I
29%
303/a
*29%
Mar
90
Feb
26
May 26
Jun 15
99
Feb
28
Dec
37%
Feb
12
Dec
17
Sep
12% Jan
19
15% May 21
49%
Feb
36% Feb
11
507/b May 15
23 % Jun
1
27% Mar
9% Mar 16
Mar 27
29
70
20
Jan 22
Jan
132
Feb
27
Feb
163%
60
Apr
10
13 % Jun
1
37
9
July
145% Jun
77
17
Jan
27
40% Jun
9
29%
Oct
35% Aug
29% Feb 21
14%
Dec
21 % Mar
14
Mar 16
17% May 17
12
10
Feb
5
13% May 17
Anr
Ifi
9
July
Dec
92
Deo
105%
Feb
4% May
o%
oaa
pi t/„
22% July
95
Dec
14% Feb
51
Dec
1
98
Jun
25 %
July
8
Jun
14
85
July
9
iHLtH
y
9
Feb
O 7k
7
96
.
4
12% Feb
11
20% Jun
23
Feb
10
58% Jun
16
10
*44
76%
Dec
67% Feb
Deo
16%
Sep
14
Jan
2
32%
Dee
39
Jan
81
Feb
10
14
Jun
19% Feb
12% Mar
9
16% May 22
13
Dec
19
Jan
13% Mar
.3
xl4% May 21
87%
Dec
112
Feb
102%
Dec
108% Sep
81
Jun
18% July
21
9
City Steel
Grant (WT)
Co common
100
98%
*36%
82.25 cum conY pfd
118
6094
2,500
57
100
5%
1,100
118%
61
900
3,400
V
102 Ya
10294
102%
100
I
44%
*102
43 7/a
4494
6,200
103
21
21
4 Va
102
102
.
21%
100
4Va
494
15,000
4%
7 Va
73/a
73/a
3994
3994
3994
3994
300
31V4
323/B
32%
32%
2,800
2994
30
29
29 %
3,900
98%
12%
llYa
37
7Va
98
98 V4
.
98
98
600
120
;
12 3 a
12%
13
37
37
100
;
For
footnotes
see'page
79
'
Mar 22
*101% Feb 10
24.
Apr
10
89
Jan
12
*107'"
Jun
16
v
2,400
37
121/4
*36%
,
'
1494
143/4
14%
1494
1494
1494
14%
1494
1,000
ii
No par
No par
47
47%
47
47%
47
471,4
47
47%
4,400
V
21%
2,900
'f:
preferred
100
Bay A Western RR
100
Green (H L) Co Inc
1
Greenfield Tap A Die Corp—No par
Greyhound Corp (The)—
•*142
143
142
*69
72
*69
37%
38
38
38
37 %
38
37%
38
1494
1494
1494
1494
1434
1494
15
15
3
12
12%
UYa
12'/a
12
12 Va
12
12%
100
95
95%
95
95
10
23
23%
23
24%
241%
25%
694
694
6%
Northern Ry 6ft pfd
Great Western Sugar com
Gt
7ft
Green
Common
4%*
...
preferred
Grumman
Aircraft
Corp
new
21Va
1
6%
$5 conY preferred
No par
Gulf Mobile A Ohio RR com.No par
*93 V4
uuancanamo
85
Sugar
common
preferred
No par
Gulf Oil Corp
Gulf States Utilities Oe
25
H» par
*
6%
67/a
*90%
96
22
2194
143
21%
22%
*142 »/4
72
93
21%
21%
143
*94 Va
143
143
70
*69
*69
72
96
*94
95
*94 Va
24 3
4
6 V8
96
130
3,600
800
70
96
a
18.500
%
7%
5,900
%
150
V
25 3
96
19%
19 Ya
19 Va
19 %
19
1994
19 38
19%
57
5794
573/a
573/b
57
57
57%
57%
7894
79 Va
7894
79 Va
78 Va
78 %
77%
78%
7,500
18
18%
18
18 Va
18
18%
18
18%
11,100
32%
32%
15%
15%
14
14
Va
■aekeaeaek
Water
Hall (W F) Printing Ce
Hamilton Watch Co com
4ft
Hanna
oonv
preferred
(M A)
*32%
.
*15%
No par
100
Co 84.25 pfd—No par
*14
-;
85%
♦106
34
15%
...
:14 %
85%
107
*
*84
106
86%
106
■£;
18,800
11,500
"
800
H
35
I
200
*20%
30
*36 %
V'
80
2294
62%
2294
61%
263/a
7
98%
11%
37
5%
2294
i
88
26 Va
*54%
40
*3994
98%
11%
*80
2,800
31%
7
7%
1
No par
Gt Nothern Iron Or* Prop—No par
3%ft preferred
Grayson-Roblnson Stores com
'
13%
—1
120
*10194
101 %
3,600
.5%
44%
21%
103
22
56
22%
44%
*20%
*101%
100
2194
26'/a
*118%
4394
44%
44%
25% Feb
14 Ya
6% May
22 Vb
102 Ye
61Ya
*102
107
May
119
119
35
94
88
26 Va
*54%
Oct
Graham-Paige
*80
34%
94
22
21%
55%
*118
'
34%
93
2694
Jan
Dec
Dec
88
*80
88
34%
*91
55%
33
Dec
20
.
July 9
1 per thare
26
8% Mar
May
34%
93
*903/4
STOCK
33 Ya
35
34
Gillette Safety Raior com—No par
$5 conY preference
No par
21%
34% May
600
2,500
2,700
2,200
15
.
*23%
No par
1
preferred
preferred
'600
'•VT
25%
3%
147/a
*243/4
lOe
Realty A Utilities
General Refractories
989a
'
.100
Gen
98
•
600
/t
64% v
64
122%
1
s
No par
Co.
?
100
700
98%
16%
Cement
360
22%
22%
9,
800
v
13 Va
*40
.
10
80 Va
*
124 %
May 21
64
103
38% Mar 17
May
31% May
67% Apr
13%
80
64%
Jun
47% Mar 16
94% Mar 11
Feb
9
78
13%
,
4,600
156
12
1194
*122%
Goodall-Sanford
90
59
1194
-
1,000
•
10 Va
10% 1
*155%
40%
41
Dec
Jun
20
10%
156
80
Motors
Granby Con sol M s A P
8%
12% May
23% Dec
133
10
10
24% May 17
July
106
May
5%
106
No par
EXCHANGE
39 % May 21
103
Dec
31
*103
v
-
4
41 %
4094
series...—No par
t per share
t per share
39
Dec
3
56
13%
22
"
109
56
80%
41 %
*39%
1.400
17%
■
103%
*155%
11 Ya
17%
56 %
*102%
V700.':
2,400 )
23%
23
*165
13 %
22
133
56
200
10,100
44-
44
17.%
80
13 Va
41 Va
NEW YORK STOCK
51% May
85
300
9 Ye
9%
23
10%
11 Va
80 %
preferred
Highest
105%
Dec
17% May
22%
200
16 Va
21%
"
36%
23% May
90
5,000
9
STOCKS
Lowest
Highest
$ per share
300
8Ya
16%
109
156
156
13%
.
Range since Jan. 1
Year 1047
I per share
40
18%
*21
44%
22%
103 Va
9Va
12
43
17%
*105%
56 %
*103
10
*11 Ya
Publlo Utilities Corp.
8
Railway Signal com—.No par
4%ft
2%ft
500
3,500
%
18%
9%
17%
109
105 Va
5594
156
80
Advertising
Precision
Range for Prevlonf
Lowest
*
8Va
23 Va
17 Va
1714
109
*154 Va
preferred
100
2%ft conv preferred——-...100
4% ft
2194
42%
23
2394
17%
98% Apr
2
16%
*21
9
42%
43
23%
Apr
40% Feb
14
*16
9
9
*42 Va
106
10
84 %
a
'
Dec
Feb
16%
*21
21V*
21 >/4
*39
com
«
8%
2194
700
^
'
22 Ya
8Ya
9
600
11%
*83
1894
1,700
9%
*46
22%
894
8%
*18%
100
14%
9%
45
*11
v—i CO W
169 b
169'8
894
8%
894
18%
95
22% Feb
9
9
9
8%
18%
2,400
24%
14%
34%
4,900
;•> ir800
34%
*24
22%
9%
9%
r
40%
34%
14 %
22%
Gen
85
*14
9%
22%
30% May
Jan
14%
24%
11
11
108
*24
■
"400
6,300
A
-
103
*101
11
22% Feb
Dec
•34
11
Feb
85
40
103
34
24%
14
14
40%
*101
11
30
6
♦24
.
11
Apr
8
34
11
19%
July
24%
40%
103%
'
34
9%
29% May 18
130
41
*101
34'"
44 %
Gen
30% Jun
40%
40%
102
9%
28
21% May
12
v
44%
24 Ya Jun
13
13
32%
llYa
-
44
35% Jan
Feb
110% Feb
25
"
31%
11%
16
44
Dec
124% Jan
Apr
1594'
31%
11%
44
26%
May
15%-
31 >
9%
General Shoo Corp.....
Gen Steel Castings $6 pfd—No par
General Telephone Corp
30
26
101%
*15%
11%.
44
Oen
6% May 24
3,300
16%>
*13%
5ft
6ft
15%
31%.
*24
Oen Publlo terrlcs———lOe
29
40
100
15%
15% y 15%
11%
No par
General Motors Corp
4,600
•
32%
31%
34
24
128% Jan
...
102%
*31%
♦15%-
39%
May 18
29
40%
*102
•"--■
11%
No par
26
2% May
32%
-Y:,39%
102%:
*31%
16%
No par
100
common—
13%
19
102 Va
32 %
102 i
General
Gsa
40%
102%.
i:
31%
No par
No par
1
Oonoral Portland
11%
39%
20
''16--
■
Corp com
83.50 preferred
General Instrument Corp
Gen "Outdoor
18% May 27
4% May 21
'40%
80
General Poods
10
2
39%
100
preferred.
21
Mar
900
15%
No par
General Electric Co
100
300
19
15
15%
8
—
General Cigar Co Inc com
17% Jun
14
/
107 %
58% '58%
19-
9
preferred
22
Feb
*105 Va
3,200
^
58%
32
1
com
General Cable Corp com
4ft 1st preferred-
12% Mar 17
Dec
107%
V
V,
^
50
General Bronze Corp
16% Feb
Jun
►-* o cn
63;*4
52
18%
103 Va
Sep
Jan
11
*
107%-
2,800
600
24%
63%
50%
:
58%.
*102%
20% Dec
19%
24%
63%
-si
19
$4.25 pfd series A
—No par
General Baking Co common
5
88 preferred
No par
13% May
Oct
18%
63%
50%
59
56%
01 preferred.
Preferred 83.75
300
19
56%
Mills
24 Va
80
98
21%
21%
59
100
8
93% Feb
64
Inc
$4.50 preferred
7ft
*97%
21%
24%
24%
63%
51 Va
•
*105%
40%
*16
preferred
2nd
*21%
50
,
20
Industries
conY
98
97%.
22
63%
-
107%
*105%
4ft
97 %
.
2,900
32
No par
—No par
General Amer Transportation
9
Jun
Apr 22
34% Mar 10
Feb
43
10% Jan
31
♦102
General American Investors com—1
May J 2
159
1
73
45% Jan
Dec
106
30%
1
(The)
conY
30%
32%
15 %
Gaylord Container Corp—1.66%
30
63% May 15
0% Mar 17
9% Feb 11
83% July
47% Feb
23%
26% May 4
18% May 15
6
Apr
4% ft
May 20
105% Jun
8% Feb 28
Feb
July
18%
Dec
100% Jan
Dec
102
Oct
149%
18% Feb
Oct
Jan
58% Oct
Apr
Dec
16
109
14% May
10% May
100
Nov
48
45
Wood
30%
l
eom
1,200
31%
IS#
Gardner-DenYer Co
Gar
18Vi
r
v300
1
(The)
Co
Gamewell
17
Apr 24
23% Jun 16
-"
10
103%
It
preferred^
6ft
17% Feb
22 %
30
Co
5,400
/
100
18
:
v
'
1<M
10
common
Galr Co Ino (Robert)
5
Jan
12% May
14% May
4% July
Aug
(new)
preferred
com
18
.
-
w
11%
pld.
Frushauf Trailer Co
5
18
11,200
.
10
103%
prior preferred
is
16% May 21 ,: Francisco Sugar Co
No par
10
Franklin Stores Corp—
May 15
..1
47% Jun
1
Freeport Sulphur Co
10
Froedtert Grain A Malting Co Ine.l
12% May 18
May
40
15
10
*32»/a
—•Neper
-It
Corp,
Shares
>
10%
*9%
♦24
24%
40""'
/'
9%
11%
18%
5% May
18% Jun
V "
-
,7*
Foster*Wheeler Corp common
~36%
14%
40 Va
*40
r
19%
we par
cum eo*rr
14%
59
FlintketeCe (The) eemmon—Ne per *
04 preferred—.
.liepar
Food Machinery Corp
21
38% May 21
25% Jan f 5
10%:*
30%
51%
107%
.nldR
Food- Fair Stores Inc.
105
24% Feb 27
v;
10
22
63'''
10 %
48%
the Week
.
• per there
■
14%
•
40% s
♦97
63
-..
PoUartsbeo Steel
<
July 9
s
•
8tfrei...^Jtfar
(The) Carpet Go.
Nepar
12% .May 24
47% Jun 14
Feb 24
July
Dec
Feb
preferred
18
1 per there
Salad fef
•>:-Friday-V'-".'
•
v
10
r
24%
...
•••
97%
.
July 8
14%.
'"
22%
♦97
♦22
<
14%
31%
National
Firth
40% Jan 12
32%
10
*51
15%-Jun 2A- V Florida Power Corp.
Florsheim Shoe class a
21%. Jan . 6
19% May
10
'
t
Florehee Iter# Cd
36 % May 26
13% FCb* 21
CLOSED
Firestone Tire A Rubber
4%ft
July
20
81% Feb
titt
First
59
Jan
lio?
i
29
14%. Feb 20
*99
,
18%*
H
10%
"
*40
40%
*18
Ne pat
sosivsrtthls preferred—ltd
Mfg Co
Forro Reame! n—y
Fidelity Phea Fire Ins If Yl
49% Mar 14
39% Oct
40%
'
May 28
Jun
DAY
EXCHANGE
14 Ya'"
*CE /V-'MO
I
Federated Dspt dtersseea
9
68
STOCK
10%
11
10%
14%
Tbaraday
1 per share*
'•$ per share*;-v
-
30%
No pet
Fttt A Tarrant
107% Jun
■
Feb 14
104:
Fedaral Meter Truck;
53
83% Feb 28
Feb 11
.
1
26% Jun
18% Mar 17
17%
May
Dec
10
41%
.
Jan
St
9
Feb
48
Jan-
110% Feb
Feb
20<
Feb
61
'*kf29%'MaY22;v
Mar 11
99
Fob
-
Feddsrs-QulgenOocp——1/
Smelting On. ...i,
Federal-Mogul Corp.,
.8
Peuersl Mining A
>'31% May 14
n 90%juft 15
21%
May
9
'3
29% Feb 10
107% Aug
62% Deo
Doe
14%
Jutt
'
12% May 18
:
Doe
10
15%'Jun < is'
43
9% Mar 11
26% Jan
69% Fob
■r
104
:
■'
19
107% Jua
10% May
46% May
42% Jun
11
Feb 20
35% Feb 11
26%
,
?
;ro *•-
Farnsworth Tclcrls'n A Red Oerp—1
11% Jun 16
*
i
28% July
0* May
19
Apr
•7% Doo
May
4
9 per there
23% July
14% Feb
?>.
,30
11
-'ftperihtfr#
42% Mar
May
10% Doo
99
5% Mar
9% Feb
-14% Dee
11% Dee
12
Sop
01%May
14% May
24'
May
I per share
I pgr share
Wednesday
July 7
July 6
'
$ per thare
SALE PRICKS
'
Tuesday
■
July 5
Jul/8
17
(161)
LOW AND HIGH
STOCK!
H NEW YORK STOCK
since Jan. 1
Range
r
Lowest
-■*'
STOCK
CHRONICLE
St
-
•
.v* • ■•«.*o»r 1947 %•
Leweef
Hlfheat
YORK
FINANCIAL
*33
.
15%.
H4
34
15/4
14 Va
*33
34
-.:f 15%, 15% v
13%
14
'*
"*84
85
*84
*106
107
*106
85
106%
100
V 800
300
.10
10
"/
(162)
18
Monday,. July 12, 1948
STOCKS
Range since Jan. 1
Highest
'
;
>,
,
YORK
LOW
STOCK
Saturday
July 3
EXCHANGE..
■
$ per share
$ per share
$ per share
I per sham
NEW
Lowest
•
Highest
Lowest
'*
*•
Par
(
19%
Oct
6 Mt May
10 Mi
100 Ma
6% Feb
Feb
*75 Mi Dec
Apr
,6
7% Jun
24
11
11 Ma Jun
10
Hayes
Jan
90
Dec
103%
35
May
42%
X20.
Jan
Mar 10
21% Feb
78
Jan
27
35 Ma Apr
Apr
Feb
13
Dec
108/
July
951/2 Jan
23
Nov
68
Jan
51 Mi Feb
Dec
165
Jan
27
22 Mi
Sep
7
Feb
134
Dec
118
Oct
134.
20
Sep
Mar
40
121
38,
Sep
21
57 Mi Apr
2
122 Mi Jan
2
18 Me Mar
9
lQ*/«
Jun
Jun
14%
10 Ma Apr
Dec
33
Dec
28/
x29Ma Nov
28% May 20
25
22% Apr
21% May
14 Mt May
31 Mi
21 Ma Feb
Jan
14% Jan
5
Hilton
11
Jan
15 Mi Feb
14
30% Jun
28
Jun
23
42% Feb
24
Homestake
35% Jun
11
19%, Feb
14
9
18% Jun
9
Dec
56
Feb
36
Feb
27
46 Ma Jan
14
Jan
36
Oct
29 Ma Feb
Mar
10
34% Jan
2
85
Dec
105 Ma
Sep
88
Mar 30
94% Jun
37 Ma May
45 Ma
Jun
38
Mar 12
46
*
28%
Dec
20% Feb
11
38% Jun
Dec
29.
Feb
19
Feb
11
23
Jun
38% Mar
33
Jun
Mar
3
7%
May
7% May
33
Jan
31
47
4 Mi Jan
2
7
9 Mi
Apr
5
34% JUn
20
Feb
13% Mar
43 Mi
May
Feb
12 Ma May
21 Ma
Oct
14 Mi Mar 17
Jan
15% Feb
13
19
Mar 16
5
7 Ma
Feb
3
13
11
Jun
27
*90
91
*90
91
*90
91
40
39%
*39 Ma
40
203
91
*39 Ma
40 Ma
*100 Ma
5%
8
Hunt
16
Hussman
14
*13%
29
x28
1,300
200
53
23
*26%
101
62
61 Ma
152
*19
20
-100
19%
53%
52%
126%
125 Ma
29 Mi
*125%
30
100
61 Ma
148 m 150
18%,
Ma'
100
100
A
*28 Ma
53
3,600
125 Ma
*28%
28%
121%
27
26
26%
122
26
83%
Ma
122
%
110
29 Mi
400
123 %
-
26%
26
25
25%
*82 Ma
83%
300
1,600
84%
10
11%
1,100
11%
11
Ma
11%
34
33 Mi
33 Me
*33
34
20%
20%
*20%
21
1,100
28%
28%
20 Mi
1,000
21%
14
*13%
11%
29
14
100
14
*13%
100
28
28%
28%
29%
1,900
37
37
37
37%
2,000
34%
17
41%
28 Ma
37%
34%
16%
*34%
17
*40 Ma
43
Mi
35
16%
35
16%
*41
35
200
17
16%
42
1,300
*41
42
200
800
31%
32
31%
31%
*31 %
32 %
*31%
32 Ma
03
93%
92 Me
92 Mi
*91%
93%
*92 Mi
93 Ma
45
44
44%
44%
44%
*44
44 Mi
35%
35
35%
35%
36
*20%
-
*44 Ma
35
♦20%'
21%
*20%
21%
♦45%
45%
*45%
47
*4%
4%
4%
100
70
26
26 Ma
37 Ma
35
16%
41%
25
5,700
21%
*20%
24 Ma
45%
*44 %
45
4%
45
4%
50
400
36
35%
4%
5
700
4%
500
11%
11%
*11%
12
11
11%
11%
12
1,200
44 Ma
44%
44%
44
%
44%
45
45
45
1.500
20%
6,300
21
20%
20%
20 Mi
20%
20%
21 Mi
*16 Ma
16 Ma
16 Mi
16 Mi
16%
16%
16 Mi
16%
400
4 Mi
4 Mi
4 Mb
4%
4%
4%
4 Ma
4Mb
2,100
13%
6.66%
13%
*13%
1 Jv'a
*13%
13 Ma
13%
13%
200
1
Co
23%
27 Mi
18%
19%
54
125 Ma
2 3 Ma
37%
*34%
100
Refrigerator
*20%
*27%
28 Ma
No.par
Corp—
21
28%
14
No par
Foods. Inc
11%
*33 Mi
37%
non-cum
Hupp
14% Jun
20 Ma
28%
preferred—
100
Hudson Bay Min <fc Sm Ltd—No
par
Hudson Motor. Car
No par
10
83
11%
50
common
85%
34
No par
Co
4,000
85'/a
26%
*11 Ma
5
May 17
Apr
*83
5
Howe Sound
10%
*148%
150
123
*26 Ma
'
*33%.
1
3,
27
28%
*121
27
5
Hudson dj Manhattan
53 Mi
26 Ma
10
6
*18%
29%
1
c
Ma
121 Ma
5
preferred
10%
*61
61%
125 y4
*26%
10
com
10%
100%
54 Me
*28%
1
com
10%
lOlMi
149%.
121 Ma
12.50
Finance
800
'
100
(Del).
19
9%
39%
125%
53%.
125%'
9%
39%
*61
152
*i8%:
9%
*100 Ma
62
148 Mj
77
9%
9%
%
39 Ma
102
*61
*
3
9
22% Jun
30
3% May
23 Ma
27
Howard Stores Corp
Jun 25
15 % May
22%
27
No par
Houston Light & Power
Houston Oil of Texas v t
7
14% May
45 Mi
23
*26 Mi
preferred
conv
33A%
10
Jan
31 Ma May
$2.25
22
16%
22 Ma
27
100
Mining
Household
7
Jun
20 Mi
22%
....100
HoudaiUe-Kershey
13 Mi May
10
22%
Hooker Electrochemical Co
28 Mi
200
7
*26 Ml
25
1
44
6%
*76
11
100
Hollander..df Sons (A)
Holly. Sugar Corp
371
265/a Feb
400
31
10%
5
Jun
36Dec
*
6%
77
1,800
153
31
11
Hotels Corp
Furnace
6%
*76
77
26
26
146 Ma
31%
10%
X31
Hinde dc Dauch Paper Co
Co (C E) The
Holland
*30 Mi
7
*6%
25 Ma
«146 Ma-153
153
31%
'-30%
7
■>76
25
Corp
preferred
25
Nov
30.
"6%.,
CLOSED
No par
..48
13 Ma Feb
DAY
30%
Ma
146
5
preferred
Jan
30 M« Oct
EXCHANGE ■*
100
29%.May 20
16 Ma Ms*y 17
'
INDEPENDENCE
j
common
May
17
35 Mi
STOCK
*
25
25%.
25 Mi
25%
153
*9
Hires
2
25 Mi
*146%
30%
10
Chemical
.
share
for
Shares
.
No par
cum
t per share
Sales
the Week
9%
Hershey Chocolate com
$4 cony preference
Hewitt-Robins Inc
3 Ma %
1
Jun
25 Mi Jan
«
Friday
t per share
15
Motors
Heyden
2
37
1
24
•
No par
86 Ma Jun
19
Mar
Feb
,20
■
•
$ per
77
Hercules Powder commen
5%
preferred
12
27% Jan
Co
non-cum
30%.Apr 10*
4
J)
*;
juiy,?;:;;*
S per share
July!)
Thersday
July 8
Wednesday
77
;
preferred
(H
...
S per share
PRICES
SALE
July 6
1
common
Hercules
6
Feb
3%%
1
May 21
128 Ma Feb
2
100-
3.65*
cum
preferred
Heljne, CD. W ): common*
1
Jun
•/
22 Mi
79 Ma Mar 22
26
May 28
153
Co
Heinz
'J
6.1 Ma July
1
A—
_.
Mfg Corp
Hecht
Jan
103
If
Hazel-AUae :01ass Co
Jun 25:
9
Mar 22
114
Jan
29%
5
,
May 21
21
Feb
27 Vi Mar
Sep
4% %.
42
10
Mar
63,
/
Jan
14 Ma. Feb
140
Feb
5
,
91
k
9
140'/a
Jan
2.6 % Jan
14
49%
Dec
Hai
10% Jun
35%
60
Mar»——r
11
30%
29 %
4
&
11
79
Mar 16
73.
I per share
HIGH
ANI)
Tuesday
>"•>
loo
acb.Jfiiur
6 Ma Feb
Dec
126
aom—No par
fi'jbj pret«rr«d
Hart,
65/a Feb
May
14'/a May
BarblMa-WAlk, Jtefrae
Oct
9%
22
*95,
9
May 15
Corp oX Axner '.claw
preferred
Hayes Industries Ine
25
.
34 Mi
Feb
12
May
4% May
27% Jun®
150 Ma Jan 28
27 Ma Mar 18
Jan
39%
Mar 24
147
Jun
160
28 % May
21% Feb 24
Dec
27%
Apr
146 Mr
Monday
July 51
1
No par
I
30
May
18% May
39 Mi
Aug
30 Ma Apr
32 Mi
Dec
27% Mar 16
42 Ma
July
9
37 Ma May
64 Ma
Dec
62 Ma Feb
86
Jun
17.
93
Jan
97
Aug
95 Ma Mar 16
15
Jan
26%
Dec
27
11
35% Jun
~~7%
May
il%
Dec
30 Me
Jan
12 Ms
17
x35Ma May
24% Jan 22
37
July
30
Dec
9 Mi Feb
11
Dec
33
Apr
Dec
180 Ma
V/2
Sep
"
8 Ma
108
Illinois. Terminal RR Co
9
56
7
160
15 Ma Feb
May
Jun
8
May
10%
Feb 10
154 Ma Jun
14
Int'l
Business
x34 Mi Jun
11
Int'l
11.
Mi May
76
Dec
3 Mi
38% May
9 4 Mi Dec
9
May
104
Dec
11
34%
Oct
23% Feb
96
Jan
74
Dec
25% Dec
130 Mi July
11
5%
Feb
36%
Feb
137
Dec
59%
Feb
9 Me Jun
38 Ma Jun
3 Ma Mar 16
Jan
139 Ma
2
Oct
42% Mar 17
107 Ma
Sep
86
161
Feb
116
Feb
Feb
Jun
July
1
98% Jun
21
14
28
May 2Q.
107 Ma Jan
Feb
24
64
Jun
2
37 Ma
Jan
45
Dec
39% Mar 16
45
Jan
1*
63%
Oct
43
65
July
35
Mar 31
0 Ma May
9% May
40
Feb
30
17%
Feb
11
Mar
4
Ma Feb
11
9
16 Ma Jun
24
16 Ma Jun
24
17%
Feb
11% Feb
19
Apr
26%
Feb
17 Ma Mar
9
26% May 27
20
May
27%
Oct
22% Mar
1
35 Mi Jun
11
29 Ma Feb
143%
Jan
158
Aug
18,
137 Ma Jan
16
14
39% May 20,
145
May 25.
International
7 *V
Foreign, share
Interstate Dept
Intertype Corp
6%
Jun
19 Mi
Dee
80%
Dec
39% M»y
89
Dec
-
37
$ per sham
13 Mi
Fab
Jan
I
104 Ma
Sep
7
Mar 16
19% Jan
82
6
May 15
92
13
99
Feb
„
May 28
May 11
Jun
24Ma
46%
Oct
34 Mi Feb
10
42 Mi Jun
Deo
108 Mi
125%
Oct
100 Ma Feb
11
113% Jun
20% Feb
19
Sep
34% July
Jan
98
Dec
112
145
Dec
151.
27% May
86% Dec
25%
Jan
14
Jun
Dec
39-
Feb
May 21
158
Jun
29 Mi Mar 16
Fob
83 Mi Feb
6
40%
Oct
31% Feb
11
Feb
11
Dec
16
May
4 7 Mi
May
108 % Mar
Feb
11
21
May 20
Feb
17
98
23% Feb
11
46
May 11
July. 9
29%
58
Dec
% July
48% Mar 12
60% Jun 22
13% May
20Ma May
13% Jan
Nov
14% Mar 17
18
May 22
26%' Feb
20% Feb 20
25
July
21%
Oct
17
22% Jun
41 Mi May
52%
Jan
18
/
Feb
10
42 Mi Feb
13
60
Jun
1
51
Apr 20
45
Jun
39*
Apr
21%
Dec
27%
Dec
116%
11 Ma Feb
103
49%
Feb
36
Feb
Feb
19
Feb
11
Feb
02 Ma Feb
21
13
11 Mi May
20
Feb
65%
85
Jan
63
38 Ma
Oct
29% Feb
102% Aug
91 Ma Jan
5.
Feb
13
25
-
Jun
May
Mar
90
Dec
34
Jan
40
Oct
45
Jun
59
Fob
45% Feb
40%
Apr
52%
Oct
41
For
footnotes
see
page
9,
32
24.
Feb
19
8
11
43% July
24
9
1$
9
Mav 24
104% July
14% Jun
75
Jan
7
2
2
36% May 27
95
Kansas
33%
88
*84 Ma
87 M),
4Mb
4
32 Ma
32
138 Mi
139%
6G%
62%
93 Ma
98 Ma
"
90
J per share
I per share,
34%
STOCK
EXCHANOE
INDEPENDENCE
DAY'
39
8%
■"
"
Krasgs
3)
25%
600
*33
34
400
SALE
38
38
*140
141%
16
38
38 Vi
*140
141%
146 Ma
2,000
..
PRICES;
Thursday
*8 Mi
co
8 Mi
for
Friday
Sales
July !>
the Week
July 8
$ per share
t per share
8%
00
Shame
8 Mi
1,900
23 Vi
23%
84
140
No par
44 Ma
45
45
45%
45 Mi
*45
45%
0^1
preferred—_ 100
*97 Mi
98
97%
97%
*96%
98
98%
60
38 Va
6,0uU
com
No par
com
37%/
38%
37
*108
30
35 Mi
88 Ma
39 Ma
10
36 Ma
>
111%
30 Mi
30 Mi
30%
105 Ma
*104Mi
105 Ma
170
105%
*156=.
500
*156
170
800
40
36%;
36=
36 Mi
36
36%
88 Ma
88 Vi
88 Vi
88
89
88
88
1,000
40 Mi
18%
36-
39 Mi
40
39
39 Mi
39%
40%
3,300
18%
*18 Mi
18 Ma
96 Ma
*95
96 Ma
18%
18%
l=8Mi
18%
9,900
500
Co—
I.No
com
preferred
common
96 Ma.
*95
45 Mi
44%
/
common
:
10
45
*95
96 Ma
45 Mi
45 Ma
45
45 Mi
.
«
-
60 ;
*89 Mi
60
:
6.0
*159%
.
60
46
8,500
-60
24
16
16 Mi
16Mb
16 Mi
16%
16'%
1,600
*24
24 Ma
24
24%
24 Mi
25
2,900
22
2
22
22
21 Mi
21%
21% ..21%;;.
58
58 Mi
58 Mi
59 Mi
59
46%
46 %
4 6 Mi
47
47
*43 Vi
44
104 Vi
104 Ma
59 Ma
59 Ma
48
47 Ma
47 Ma
43 Ma
43%
43 Mi
21%
.
21 Vi
21
1Mb
5 9 Ma
21%
21
Mi
103 Mi
-
104
3,100
16.800
6,300
103s,i
43Mi
400
3,400
104 Vi
*14
*14
-i
s
2 1Mb
.
15
*14
15
*14
15
*67 Vi
"
900
I6M2
24%
*16 Ml
■
1
ier„100
♦95
•
60
:
■
par
5
No par
68 Ma
*67 Vi
68 Ma
*67 Mi
68
35 Ma
35%
35 Vi
35%
35 Ma
35%
95
94 Mi
94 Mi,,.
95
95
300
15
'
'
35%
35 Mi
94
94 Ma*
*94
..
10
-
*108
111%
30 Mi
30
170
3 7 Mi
38Mi
*108
105%
*156
98
37%
38 Ma'.
111%
*104 Mi
104Mi
170-
Mi',
30
30%
•/
104Mi
*158
1
Lt
•
♦105Mi; 111%
,_100
Co
*25
15 Mi
83 Mi
Co
*
900
Ma
33%
34 Mi
85%
Corp
(The)
16
25
23 Ma
Cumulative preferred 4%
(0
15%
*33
83 Ma
45 Mi
1
(0 «)
32.100
23 Ma
15 prior preferred
Kroger Ce
4,200
16
83 Ma
103 Mi
Kress
65
35%
15 Mi.
83%*
103 Mi
8
64%
*33 Ma
16
600
23%
♦23
CLOSED
100
58% July
43
*24%
I per shere
43 Ma
47% May 18,
64
35 Mi
380
61
43
24%
Wednesday
July .7
8%,
*60
42i%
60 Ma
60
38
37
21%
13
61
16 Mi
Ma
*140
HIGH
43%
16
92%
7.200
*23
Copper
Koppers C« Inc
91 Ma
33 Mi
141 Ma
21 Mi
3
91
42 Mi
No par
20
91
91
*59 Mi
No par
Jan
2,700
X83%
B
(G R) Co
300
11 Mi
61
Kimberly-Clark
Kinney
62%
98 %
10%
43
I per share
City Southern com—_No par
2nd
61 Mi
98 Ma
10 Ma
23Ma'-
preferred
conv
61 Mi
99 Mi
10 Ma
11
42 Ma
Keystone Steel de Wire Co
4%
61%
*98%
91
Tuesday
Julyli
July 5
50
98 Ma
♦59 Ma
AND
j
139%
*138Mi
62 Vi
61
LOW
1,60
13,100
98 Ma
16
Monday
irs>
4 Vi
34%
61%
24
July 3
86 Mi
4%
32
*138% 139 Mi
25
Saturday
86 Mi
4 Ma
43
140
2,600
8 7 Mi
*42%
*37
2,900
32 Mi
*59%
50c
8 Mi
35 Vi
139 Mi
*10Ma
90
34Mi
760
8%
11,500
34
Mi
'
100
33%
166 Mi
32Va
4 Mi
32Ma
145
33 Ma
166Mi
8 Vi
*86
4
*143Mi
139 Mi
11
*10%
Mi
1,100
4,o00
34
33 %
-
140
3
15%
33Mi
8Mb
8 Ma
33 Ma
8 Ma
2 Ma
15
166 Mi
166
15 Ma
Kern County Land Co
39% Jun
./
8 Ma
34
2Mb
32Mb
33%
167 Vi
15 Ma
i.% non-cum preferred
100
Kayser (Julius) de Co
f
Kelsey Hayes Wheel conv clais A—1
Class
33 Ma
166
100
oOU
102
85 Ma
City Power de
Kennecott
146
*143
3 3 Mi
24 Ma
Manufacturing Co
3.8%
144
145%
167 Ma
No par
Kalama*oo Stove dc Furniture
14.
143 %
*22
100 Ma
15
4%
Jones de Laugh,lin Steel com__No
par
5% preferred series A
100
90
2%
14 Me
15 Mi
1
M*nvil|e Corp
Kansas
94,
3
15
*33%
37% May 21.
93 Ma Apr 16
43 Mi Jun
1
Joy
2%
14 Ma
32 Mi
Johnson dc Johnson common
12%
4% .2nd preferred eerie! A
-100
Jollet de Chicago RR
stamped—_100
106,
2 Ma
15%
8 Mi
22 Vi
*8
22 Vi
101%
22
16 Mi
10
Feb:10
Jan 29
8 Mi
Mi
101 Ma
22%
102
*86 Me
3V»%.. preXerred-4—-100
100
*8
8%
*8
22 "a
*101 Ma
1
Inc
8
22%
101%
8 Mi
No par
3%% cumulative
Johns
2,800
3 5 Mi
9
145
101%
22%
33 Ma Jun
11,
20%
15%
Co
Co
20
59 Ma
Jewel. Tea
48
19 MB
*33 Ma
Jaeger Machine Co common—No par
Jersey Cent Pwr dc Lt 4* pfd—100
18
19%
59 Ma
Jacoba
40
19%
'15 Ma
92 Ma Jan
100
160
19%
,35%
fir
74
73 Ma
*155
19Ma>
15 Ma
STOCK
100
5,300
58 Ma
common
1,000
1,300
44 M8
*33 Ma
10
39 Ma Feb
74
160
25
$ per share
<F I)
74
*155*
160
33%
par
EXCHANGE
May 27,
23 Ma Jun 14,
30
50
-_No par
ctfs—;__
MEW YORK
Highest,
s
# per sham
Feb
24% July
104%
53
Lowest
49 Mi
25
$1 preferred
Range since Jan. 1
Highest
49 Ma
49%
par
Stocea
Island Creek Coal
13%
44 Mi
33 Mi
STOCKS
Year 1047
I per sham
common
11%
24%
13 Ma
44 %
145%
No par
No par
Telep dc Teleg—No
1,600
11 Ma
24%
13% '
44%
1(6
100
preferreduJ-
11,500
24% *
2%
No par
International Silver
159 Ma
h
20
140
2 6 Mi
x26Mi
,
600
37
2 4 Mi
75 Mi
75
75 Ma
11 Mi
97 %
37
*13 %
50 Mi
50
160
xll
11%
14
14 M«
com—___1S
Shoe
International
Range for Previous
Lowest
Co
50 Ma
8
100
Paper
27%
24 Mi
22%
(new) —_No par
preferred
27 Vb
11%
101 Ma
No par
No par
Rys of Cent Amer com—No
27 Ma
*95
-
44%
No par
International Salt
58%
Mar 12
$4
Int'l
97%
36 Ma
44 Ma
5
5Me, preferred
Apr
52% Jan
International
36 Ma
1,600
10,000
87
44 Ma
1
preferred
37
24%
*13
35
42 Ma
41 %
19%
International Mining Corp
l
Int'l Nickel of Canada com„No par
Preferred
100
.
11 Ma
14
75%
100
29.
'v-46%
40 Mi May
32
Jun
4%.
2
64% Jun
28
9% Mar 19,
89
3
Jun
27 Ma
34 Ma
*86
44%
100
Machine
96
24 Mi
155
35
*35 Ma
27 Ma
50
Int'l Hydro-Electric Sys clan A—25
Int'l Minerals de Chemical com
3
5 Mi May 20.
34% July 9
24% Mar 16
135
9
93
9
*95
11%
20
Rubber
com
96
96 Ma
par
7 %■ preferred.
24
86
24 'a
loo
Harvester
174 Ma Jun
41%
86
*13
No par
.
28
5% Feb
common_No
I Insuranshareg Ctfs Inc
May 15 !! Interchemical tJorp com
8
4%% preferred
Jan
161 Ma Mar 31
Feb
22
new
preferred
3% May 18,'
Intercontinental
16% May 24"/- Interlake Iron
11
32Mb Jun
186%
6%
8% May 24
103
Ma Mar 10
125 Ma
Dec
Ingersoll-Rand
■
25/-,.
,
23 M2
5
22
11 Ma Feb
11
Jun
40 Ma
86
37
3
Mi.May 15 ?A Inland Steel Co^.—
21% May 27J* Inspiration, Consol
Copper
11
6% Feb
2
76 Mi Jun
11
95 % Apr
15% July
163
3.
45
Feb
:i
Jun
41%
86
27%
Indianapolis Power dc Light—No par
Industria Electrica De Mex, S A
Industrial Rayon
1
10
35 Ma
40%
*95
common__No par
3
35
35
41 Ma
86
*35 Ma
1000
28
10
Feb
100
Co
15% Jan
28
Mar
4(f»
ctfs series A
Power
25 Ma Jun
Feb
21
100% Dec
3;
May
9% May
lines
RR stock
Illinois
17
34% Mar 10
150
43
Oct
lt% NOV
12 M« May
Leased
.
35%
A.100
ser
35%
41%
86
100
common
pfd
conv
Feb
39
Feb
non-cum
May 27
13
68% Jun
169
9
12 Ma Jun
20% Feb
Jan
July
50
6%
May 26
May 17
JO
Illinois Central RR Co
17'
97% May
2 8 Mi
x2l'
Idaho Power Co
24
37%
37 Ma
37 Ma
37%.
No par
Ho par
56 Mi
57 Ma
57Mi
58%
58%
44
44 Ma i
44.Ma
44 Ma
*44 Ma
Ma
■
37
,
Ma
3 7 Mi
58%
45
/
*68
68'/a
,
37
J.
^
1,300
<100
37 Mi
2,600
*58 Ma i 58%
1,800
45
'
45%
800
,
.A'".,.
y
f
Volume 168
1
.
*4';'
•■
Number
4715.
NEW
Range for Previous
$ per share
1
Feb
v 14
"J»h
4% Feb 11
8%'July 1
Jan
2UVaMarl9
24
147/» Feb
56
Feb
9% Mar 12
Jun
21 % May
95
'
Dec
9% May
101 ;
5%
10%
.
1
10% May 12
Feb
41% Feb
25
56
May 15'
24
Jan
24
12
May 20
Lehn & Fink Prod
96% Jan
;
•
Jan'
30%
18
34
21/
4
10% Feb
27
18
Feb
19
20
Apr
12
141
Jan
6
158
Jun
22
21 % Feb
11
24
20
Jan.-
'
Jan
41
Nov-
-
26% Opt
'
;
,
•
Not
Apr
,
152
455
Jun
May
,
A
9%
22%
.
,
Dec '.A
3% Jan
;27%
6% May :;n
9
,
May
14,;
34%
34
.
14 % May
24%
24% May
175
35% Nov
Jap
49% Feb
Dec
190
39'/# May
88
Dec
85
Dec
82
Dec
106
:
v
7% May
42
Feb
100% Aug
97 Vs Mar
19% Mar
Feb
,14Vi Nov-
9% Feb
36%
36'a
37
85
86
85%
85%
86
85 v*
85
86'A
169%
170%
*168
29
com
..^100
169%
170%
43
43
*41%
43 Vs
43 Va
12%
12%
12%
12%
12%
12%
12%
No par
*67%
68%
67
67
67
67
68'A
68'A
No par
*
50%
51%
50%
51%
50
50%
50%
50%
19%
20
No par
19%
83
82
82
83%
83%
23
23
22%
22%
22'/a
22%
22%
17%
63%
29%
17%
17%
17%
17%
63 v*
63 %
63%
63%
17%
17%
17%
No par
63%
63%
63%
.No par
19
11
16
32
Feb
6
29%
19 %
10 Ve
19%
154'a
lu4%
24%
24 Va
48
33 Va
34
98%
*98%
99%
*9g%
22%
21%
;
*98
If
22%
& Forbes com.—J__10
preferred
Trucks
r->
Inc
*38
..—100
new-- common
-
Macy (It H) Co Inp com.——No-par
4%% pfd series A__._
100
-
*102
Madison
Square-Garden—...No par
Magma Copper^
____10
Magnavpx Co (The)..
1
<
.
6
Mahoning Coal RR Co-^~
V?
*13?
25%
37%
8
22%
22
*24 Va
24%
47%
47%
33%
•
34%
99%
*98 %
99 %
22 Va
22%
22%
39
39
*132
39
138
25%
138
37%
37%
37%
104
*101
13%
13%
21%
22%
22%
16
16 %
16%
13%
21%
15%
*520
25%
25 Va
104
*13%
^..50
v
29%
29%
29%
155 %
47%
24%
24%
22%
19 Ve
48%
24%
84
*80
154%
33 %
600
*520
600
.1
9%
9%
9%
i Mandel Bi-qs.__l_______
No par
■
Manhattan Shirt—41
12%
12%
12%
12%
*22%
24'A
,
Jan
28
7
Manati' Sugar
8-
Co
Maracaibo Oil Exploration
May 20
&
9
*22%
12%
1
-Marathon; Corpij.
_.__6.25
Marine Midland Corp
9
Market St Ry ;6% prior pfd__—IO0
29% May 18
Marshall Field
24
12%
■12%
12%
22 Va
22
22
9%
22%
22%
23
•
16%
Co com_.__Noi?»r
7%.
16%
26%" 27
7%
16%
16%
16%
26%
J7%
7%
20%
7%
7%.
16%
25%
26'A
100 Va
100 Va
-
"
103% Jun
9
22% Apr 16
19% Jan 10
69% Jun
-
Martin
37% July
Jari
Jun
L)
Co
.1
-
■
;
17%
r
Dept Stores
41% Jan
12
cum
Maytag Co
:
21
9
'*10%
17
*17
17'A
67%
69
69
69%
16 V2. 16%
common
,
,
pfd
common
$3, preferred.
$6 1st cum .preference
McCall
Corp
68
25%
25
No par
17 Va
17%
68
Master Electric Oo
17 Va
17%
.
__No par
1
May
3
Jan
101 ST.- 101
101
..No par
Corp.__.__
Mathiesqn Chemical Corp
7% preferred
9
26
12% May 15
43% Jan
112
100 %
Masonite
47% Apr 20
93
(Glenn
*
..100
Martin -Parry Corp.—
•»
14
27% May 20
176
'4.preferred.—
*
34
34%
100
170%
170%
5
46%
46%
*91%
$3,40
Mar 12
156
32%
$3.75 preferred
No par
$3.75 curif pfd 1947 series_.No par
Apr
19%
154%
48
18
38
•
19%
156
48
13
110
29
29%
19 %
29%
156
32%
Jun
Jap
19%
31%
6%
19%
19%
*81
47%
Mack
19'A
19%
1Q0
No par
Co
43 Va
1
Cement Corp
Steel
170
170%
43
12%
Jan
Jan
170%
55%
55%
43
No par
93
50
Jan
36%
85
113
48%
36%
6.
Jun
35 Vs May
36V»
8
108% Mar
•
-
35% Mar 16
84 % Mar 27
10'a
37
,
Apr'23
16% Apr
27% Feb 11
May 4
84
10
36%
*24%
Lukens
14%; Jun 22
-
170
77% Apr-
Star
Mac Andrews
25% May 17
•
11
4
10%
•
26"
v
4
Mar 10
55%
10
13% Jun
2
47% Feb
25
55 %
10%
10% May 21'
6
15
•'
525*
20
Jan
24% Mav 20
16% July
20
14% Jari
Oct
Jan
Feb
22% Mar
<Jan
63%
-
6% Feb
97
26% Nov
,
17
18% Mar 18
;
15
Feb
18% July
•
5% Feb 10
-
16% Dec
39% May
.
<
Feb A
.
25.
25
55%
lO'/a
Lowenstein- 4M) & Sons Inc com__l
4 % % cum .pfd "series A__..__100
«
12
25%
55%
10 %
Louisville Gas <fc Electric A__No par
LouiBville & .Nashville......
50
39% May.27
15% Apr
25
55%
10
Lorillard (Pi Co common____..__10
7% preferrecU.^—..—....^.lOOi
2
4
25%
55%
8
Long Bell Lumber A--U-.
_
13
103% Jun
>.
Apr 23
20% Feb
Lone
1
*25%
___7
Loew's Inc
27% Jun. tp,
7
Mar 4
8% Mar 16
-
;Klll% July
Dec
May
Feb
8%
;
22% May
97%
525
Jan
142
5
Feb
1
.fin p^y
Lockheed Aircraft Corp
6
Feb
40.
.
9% Feb 11
32% Feb "<
r;7,\ Deo
19% May,. -:
12
x 16%
18% Aug
500
Dec
.12% Jan.
;y>fl4% Feb
Dec
Apr
11% Feb
21% Mar
.
V
Jan 27
3Q%MarlG
15.% Feb '
10% Dec
Mar 17
19% Mar 17
98
.
,
11
92
30
'
% May 19 '
50
May 15
35% May 15 98'/8 Jun
4
24% Jan
8 -
Jun 2324% May 7;
30% May.:Jan
99% Dec
: 111
Mar
11% May
16% Apr
29% July
132
i.—
1—
•
85
2
38% Mar 16
Feb
DAY
.No par
;
Liquid Carbonic Corp com
3%% conv preferred
-
29% Oct.
•
Mar
134
9
29 % - Jan
53 $ Feb
£\
—.
23% Jan
13
."■■■,
Oii.Coi.___'
Lion
68% Jun
28% Oct
.13%;May-
v
11
29% May
••Dece-' 101% Aug
m-•
70% May 24
55% Jun 11
28
Feb
*
CLOSED
5
7% preferred
Lily Tulip Cup Corp.....:
Lima-Hamilton Corp
Link Belt
:
'
57% Feb
Feb
.
21%
•
47,
May 14
13% Jun 10
15% Feb 27
27
■
,.V;;..= -'39% Dec
/• -17% May
14
10
14
Dec.-.172
21 % Dec
8,'
174;%: Mar 30-'
11
79%
Apr
Jan
Jun
;
:
Libbey Owens Ford Glass
Libby McNeill & Libby.
Life Savers Corp
Liggett & Myers Tobacco
1
24% Jun
70 * Feb
13% Jan
INDEPENDENCE
STOCK
EXCHANGE
1
Corp
Perney fitnrei^ Chrp
91
Mar 16
Feb
20
12% May
-
28Feb
Shares
non-cpm lst preferred__No par
50c non-cum 2nd pfd.
No par
ia% Apr. 12
38 V2 Jan
2
Mar 12
37
Feb
8% Feb
J per share
$3
56% Jun
55% Mar 10
1Q9% Feb
•
=
68% May
1*7.
■
•
63 ' Dec
35% Pec'
Dec
17%
Oct
the Week
25
20,% Jun; 14.
165% Feb 26
x48 VAug
12%
10% May
18% Dec
137%
82
.191% July
*
Apr
78 Va
31% Mar 10,
/
Sales for
July 9
I per share
.
40% Oct
59Vs-Feb
24% Aug
19% May
4
.
Apr
Feb
11
;
33 V* May
10
Dec
47
'
'
25% May 28
16% Feb 20
46
Mar 18
8% Feb 13
25
.
.
Dec
'
9 Va Feb
;•
Friday
July 8
f per share
5
Lehman Corp'(The)
May
;
—.''
50%
*-
t per share
3
com
Lehigh Portland Cement
•
" 'i»
Thursday
July 7
Lehigh Valiey 'RR
____50
Lehigh Valley Cpal comu-_-——___l
■; Non-cumulative pref erred___.:_;_50
9
19
.
I per thare
prices
Wednesday
3.85
cumulative preferred—100
Lehigh Coal & Navigation Co
10
8% Jun 24
4% July
kali
July G
July 5
I per share
man
and
Tuesday
Monday
,July8
..
9
5% Jan
% Mar
l109,
16.
Feb
May
78
Jun
13.% May 22
37 % Jan
A
(163)
50
J
& Sons Co
(Jam<jsj
Feb
May
29
99
Lees
9%
.
v.
8
26% May 28
25%
•
46% May
4
4%%. preferredj.
Lane-Wells Co .—J
Lee Rubber & Tire
May 18
,
No par
common.
:•
Dec
.
nryuut
4
No par
53% May 17.
6
J;'
19% Mar 30
35%' Mar
;
pfd_—75 Pesos Mex
(The)
47
4% Mar 16
1% Jan
2
Feb
3%
/
17
■,
Jan
Lane
6%
Co
23%;May
Feb 27
95% Jan 31
10
;Fely li
30% Mar 9
8% Feb
Jun
38 % May
Feb
44%
-
4% May
1% May
35% Mar
14% May
27
23
Apr
•
.
Jun
14% May 15
Mar 19
35
La Consolid
Lambert
>
RECORD
Saturday
♦
Laclede pas Ljgftt Co.—
Mar 24
STOCK
low
STOCK
Par
61/* May 15,
' Apr
5
27% May 12
56% Feb
30% Feb
May
30%
47%. Jan
.
•
...
38
YORK
EXCHANGE
12
44
May
49Ye
NEW
Highest
YORK
f par share
Dec
__
v
•
Dec
10
1
h
I per share
$ per share
4% May
9
20%
'
Range since Jan. 1
Lowest
•
Highest
•
FINANCIAL CHRONICLE'.
*
STOCKS
Year 1947
Lowest
'
'■
THE COMMERCIAL
^
24%
17%
25%
24%
25%
46 Va
34%
35%
37%
172%
34%
*171
172%
172%
46 Va
46
46%
*91V*
91%
91%
91%
*91%
91%
84%
No par
92
91 Va
No par
84%
11%
*83%
85
11%
*83 Va
85
11%
.'No par
*91%
92
11%
40
40
11%
*39%
*39%
41 Va
No par
111%
111%
111%
111%
*111
No par
34%
34%
34%
34%
34
92
11%
41%
112,.
34%
LOW AND HIGH SALC FRICE9
Saturday
Monday
July 3
I per share
Tuesday
July 5
f per share
July G
f per share
■
■:Wednesday
July 7
t per share
33%
33%
33
33%
*98
98%
Thursday
July H
Shares
33%
32%
33%
1,200
*98
EXCHANGE
-
37%
37%
38%
29%
29 %
29'A
*28%
*47%
CLOSED
37%
29 v4
DAY
98%
37%
INDEPENDENCE
48%
48
48
33%
33%
33%
*95%
33%
98
23%
24%
20%
33%
98%
*98,,
98%
70
38 %
*37%-.. 38 Va
29 's 29
400
30
800
" 24
20%
20%
48%
48%
50
1,400
33%
34
33%
34
2,200
98
*95%
98
96
96
100
24
*95%
20%
.
Sales far
the Week
$ per share
98%
STOCK
Friday
•July 9
I per share
*23%
23%
23%
24
1,000
20%
20%
21
21
700
20%
48'A
20%
20%
20%
20%
95
95
21
21
*94
95
*94.
95
*94
95
*40%
43%
42/
42
*40%
42%
*40%
42
100
23%
23%
23%
23%
23%
23%
23%
24
2,800
17 Va
17%
1,400
'58
58
17%
*55%
17%
17'A
17%
59 Va
*58
59
20%
17%
*58
18,
18%
18
9%
*9%
*9%
*63
*94
18'A
18%
9%
63%
63%
9%
63%
95%
94
94
26%
26%
26%'
26%
44
44
43%
44
99%
100
Va
,,.99% 100
17%
60 Va
17%
61
,
17%
60 Va
17%
61 Va
63%
*93%
*26%
44
'100%
17%
59 Va
18
9%
63%
2,700
*9%
9%
400
63%
1,200
63%
95
*93s
95
26%
*26%
27
44%
1,700
100 Va
100%
110
17%
18%
44
102
44
61%
62'A
47 %
46%
46%
45%
45%
139%
139%
138 Va
138%
15 Va
xl4%
139%
14%
14%
14%
12%
13%
13
13
12%
13%
46
46%
45%
45%
45
45 Va
90
*69
71
104%. 104%
18
18 Va
119%
119%
68%
68%
*89
*68%
104
17%
*118
68%
91"
70 »/a
104 %
18
120
'68%
*89%
*68
*104%
17%
119
68
8
27 %
*40
91
70
104%
18
119
69%
8%
28
42
14%
14'A
28%
28%
59 Va
59%
119%
120
112
112
58%
15%
*24%
59%
16 Va
25
18
18%
28%
28'A
21%
21%
20%
32'A
107
*13
For footnotes
see
page
24.
20
18%
47
*88
10
17%
*138
14%
1,000
20%
33%
107
13%
100
700
19
(164)
20
THE
COMMERCIAL ft
NEW / YORK
Bange for Previous
35
Dec
NEW
16%
STOCK
Monday
33% Feb
16
45
107% Jan
2
112
Jun
2
Feb
11
17
Jan
2
May 12
43
Jun
29
55 Va Jan
5
>«r
Deo
13
May 15
Murphy Co (G C)
4%%
-
common
Jan
44%
Feb
38
Jun
56
Jan
50 Va Jan
14
May
19%
Feb
14% Mar.
16
21% Jun
25
Nash-Kelvinator
19
May
29%
Feb
20
Feb
24
27% Jun
23
21
May
Jan
24
Feb
14
29
Nashville Chatt A St Louis
National Acme Co
4%
preferred
Myers
(P E)
.
& Bros
EXCHANGE
No par
44%
110
15%
15%
400
7,600
16
45
*42
45
*41%
45
54
54
54
*53
55
20%
20%
20%
26%
*26%
Wssk
ghartt
44V4
109%
44V4
*109
15%
*53%
*52%
"54%
20%
20%
25%
CLOSED
44%
*109
16
the
I per there
*42
45-
*42
DAY
44%
15%
16%
Sals*
July 9
I per there
110
*109
110
15%
INDEPENDENCE
*43%
441
44
STOCK
Friday
Thursday
JulyS
7$f
t per there
f per there
*109
10
50
37 %
/50%
23.
I per there
ioo
com
July
July 6
i
preferred
Murray Corp of America
Wednesday
Tuesday
Julys
I per there
SALE PRICES
HIGH
AND
LOW
July 3
v
Monday, July 12, 1948
RECORD
Bstsrlay
STOCK
I per thare
Feb
112
YORK
EXCHANGE"
Jan
40%
Dec
97/t
g per thare
t perthare
Apr
107%
Range slnee Jan. 1
Highest
Lowest
Highest
I per thart
CHRONICLE
STOCKS
Year 1947
Lowest
FINANCIAL
26%
*26
26%
"26
26%
100
N
8% Dec
W90 ^
16%
■
7% Feb 27
Feb
14
9% May
27
Jan
17
29
Feb
26% Feb 20
Deo
187
Jun
:
Jun
26%
13%
Feb
33
43%
7%
13
4
Feb
175% Jun
23
25
24% Mar 17
32
20%
Jan
14% Mar 17
21
23%
Oct
18
48% Dec
14% May
66
25%
Deo
25% May
165
107
136
15%
■
Jan
>
25
28
38
Jun
10
11
177
Jun
134% Feb
19
147% Apr
7% Feb
2
6% Mar 13
w
5%
13
Feb
50
Dec
137
Dec
18% May
80
May
11% May
20%
Feb
19
Apr
26
Aug
•3
Deo
62%
Jan
330
Nov
190
Feb
25%
12%
12
12%
11%
12%
6,900
12%
12%
12%
12%
12%
12%
12%
1,900
31%
30%
31%
19
31
31
31%
19
19
19
19
18%
18 7/8
2,900
19%
20%
Xl9%
19%
19%
19%
19 Va
197/a
18,000
40
*39
40
40
40
41
*39
19
94%
35%
*94
18%
18%
18%
94%
94
94
35%
35
176%
176%
175
*143
1M
35%
176%
145
145
145
Linen
36
3,200
400
24%
24%
24%
247/a
7,800
16
84
2
89
89
Feb
11
30% May 27
Mar 16
15% May 26
Jun
6
13% Feo
100
1
25
July
26
Feb
11
191
104
Mar 25
Feb
13
83% Mar 23
20% Feb
36
11
Meb
5
12% Feb
11
39
Feb
10
121
Feb
11
.
I
May 17
12% Jan
8
97% July
9
63
9
July
26% May 21
90% Jun 18
Co
Tea
*88%
90%
28
27%
27%
*27%
27%
100
14%
14%
14%
14'/a
14%
500
1,200
14%
10%
11
15
15%
15%
17%
17%
18
*17%
102
Brake
81 St
*102
34
*33
*96
11%
*95
*33
34
97
96
96
*95
16 %
July
j3%
u*e
t>j*A
Jku
30
Deo
64%
Nov
55
9
Mar
56%
Feb
8
18
60
60%
60%
60%
61%
22%
22%
22%
22%
22%
*22%
89
*86
*87
89%
29
29%
28%
29
28%
28%
42
42
42
42
42
42%
1,500
16%
17%
17
17%
17%
18%
77,200
90%
3,800
41%
42%
16%
17%
*18
18%
2
New
18%
Yerk
*23
26
*23
26
*23
26
Jun
25
$5
Mo pa*
*56%
63
*56%
63
*56%
62%
Mar 18
14% Jun
9
39% July
common
preferred
non-cum
N Y A Harlem RR Co
9
N Y New
BO
*225
Haven 81 Hart RR CO-100
Preferred
5%
series
A
96
Jun
17.
19% Apr
10
21
Jun
88
25% Jun
21
17% July
240
93
93%
320
17%
17%
17%
500
CO L-
87%
87
87
82% Mar 10
25% Feb
11
36% Jun
14
11
27% Jun
24
Deo
102%
Feb
81% Jan
2
Aug
19% Aug
22%
Apr
11% Jan
13
17% Mar 20
25%
Oct
x21% Jan
14
27% May 17
33
45%
Jan
33% Jan
2
Deo
13%
Feb
Dee
18%
Feb
Jun
6%
13
Mar
5
90
Mar 19
40%. Apr 24
8
10% Mar 18
'
7% May 21
14% Jun
9
Adjustment preferred
30
*24%
25
100
33%
33%
33
33
33
33
60%
61
60%
60%
61
61%
28%
28
28
*27%
Nor walk
Tire
Norwich
Pharmacal
Range since Jan. 1
Highest
$ per thare
Ine
Lowest
16%
16%
17%
16%
16%
16%
*27%
28
1,800
400
3,300
200
28
16%
17%
16%
17
16%
16 Va
16%
17%
12,700
11%
11%
11%
11%
11%
11%
11%
11%
8,700
88%
88%
33%
88%
34%
88%
IB
33%
34'A
33%
33%
33%
33%
3,800
26%
27%
26%
26%
26%
26%
26%
27 %
15,000
85
85%
84%
85
84%
84%
83
*88
90
*88
90
60
(Minn)-—
No pat
83%
520
10
14
14%
13%
13%
13%
13%
13%
14%
•6,700
SI
23%
23%
23%
23%
23%
23%
23%
24
Bf
oommon
Rubbtt
NEW YORK
Highest
S per thare
17%
*28
*37%
38%
*37%
*37%
38
Me par
Ce
*6
2J)f
STOCK
Saturday
EXCHANGE
Monday
July 3
Per
f per there
$ per thare
38
6
*5%
6
*5%
6
300
*12%
13
*12%
13
100
SALE PRICES
Salts tee
July 9
July 8
the Week
ghartt
I perthare
$ ptr there
$ per thare
I per thare
Friday
Thursday
Wednesday
July 7
Taesday
July 6
July 5
*37%
'
3,600
13
*12%
LOW AND HIGH
I per shard
38
6
6%
12%
12%
STOCKS
Year 1947
Lowest
33%
61%
BO
cumulative preferred
Northwestern Tele$rapk
Baage for Previous
f per thare
17%
60%
1
4.6%
81
25
10
pfd $3.60 series
Airlines
*24
25
25
100
Northern Pacific Ry
Northern States Pwr Oo
Cum
25%
33'A
>8
Northern Central Ry Co
Northern Natural Gas Oo
Northwest
*24
<■
1
Co„—
16% Feb
4,200
4
Aviation
Feb
39%
If
common
American
Nov
11
g.st
Norfolk U Western Ry son
American
30%
79%
Noblitt-Sparks Industries
North
22%
10
10,700
92
87%
North
Deo
100
14%
36%
*87%
17
13% May
248
14%
17%
87%
17% Jun
25
*230
14%
92
87%
83.75 cumulative prsfsmd——JM
3
13% May 10
93
Jun 11
61
Corp—
2
Jan
8
Deo
61
35%
*17%
14% Mar
83%
800
26
17%
17%
Corp
*23
240
1,300
19%
92
92
*17%
Noma Electric
142
35%
91%
State
Gas
19
34%
35%
pfd—100
Shipbldg Corp partlo stoek_l
A
89
140
18%
92
35
Power 81 Light 3.90*
Y
Elec
89%
143%
1.300
37
Y
Nopco Cnemical Co
11
14
14'/a
N
1
Jun
18%
232
14%
N Y
5
36 Va Jan
62
143
143%
*225
14%
86%
87
86
142%
240
13%
1M
1,900
29%
90
Jan
Feb
*86
.
89%
29%
144
Dock
30
1,600
89%
*87
1
4,900
22%
88%
13
Jan
63
60-
*17%
28% Jan
33%
62
80
M%
97%
143%
25% Mar 18
115%
11%
97%
22%
No par
Sep
'10%
11%
97
100
4V
4
11%
11%
100
6%
-30
34
97
No pa*
No par
6
400
96
preferred series A
255
20% Mar
102%
18
102
*33
City Omnibus Corp
19
3
*102
700
18
102
18
N Y
61
Jan
115%
19
July
19
81-
11%
35%
Jun
144
27
6
11 %
15%
*17%
97
*95
Ne par
Louis Co com
11%
15%
"34
11%
97
*10%
102%
97
97
11%
100
New York Central
Air
102
*33
l'
9
York
Y Chic
90%
14%
eommen
30
*88%
11%
Newberry Co (J J) common—Ne pa*
3%% preferred
109
New England Elec System
Si
New Jersey Pr 8c Lt Ce 4* pfd—100
Newmont Mining Corp
lft
no
*27%
11%
IPO
11
28
Mope*
serial preferred
Newport Industries
„
4%% preferred
13
90
90
15
conv
23
23%
*14%
Nelsner Bros Inc commc
N
*23
6%
•
Corp.
4%%
23
*27%
18% July
90% July
9
23
6%
1
Vulcanized Fibre Oo
Natomas Co
Nehi
6%
6%
-It
Natl
Newport News Ship At Dry Dock
S
10
National
6%
-.109
New
20
Jan
preferred
9
23% Apr
200
—
31% May 19
9
49% Jan
Corp
43% Jun
11% Mar
Mar
Steel
4%%
24
Jan
35
May 15
98% Jan 12
10
3
Jan>
12% Jan 26
X27% Mar 12
87
10
19% Jan
16
Feb
27
6% May
800
24%
14% Feb
30%
23%
24%
86% Jan
Deo
23%
25%
Sep
16%
2.800
24%
Mar
jSB'aADeO'.'
20
6%
6
20% Feb
Oct
144%
6%
25% July
16
35%
180
*143%
6%
23%
*143%
10
107
83% Wet
145
2,400
175
7,400
Sep
100% Aug
*174
%
Dee
Dee
320
35%
35
36
176%
23%
10% May
80%
7,600
18%
94%
*173
L-'iaa,
^200
18%
94%
18%
19%
*94
*39
N
84%
4,700
30%
19
100%
6% Mar 29
15% NOV
12
I2
10
Feb
% 22%
12%
99%
20% Mar 10
Oct
2,000
7
7%
7%
100
23%
38
Feb
7%
46
46
23%
Feb
26
46
30
1
No pa*
It
B
1,700
7%
12%
iNo pa*
common
7%
7%
3,000
71/8
7%
46%
100
24%
8%
,
*23%
8%
99%
Dec
46%
7%
172%
46%
*167
170
24%
;
12
—1
■
45%
46
,
*23%
8%
23%
90% Mar
103
—I
Co
170
24%
8%
8%
99
32%
Jun
45%
173
*170
♦23%
24
8%
%
22 >■
44%
Dee
17%
33% May
12
May
24
v
:
174
*170
V
99
15
Nov
*87%
100
200
1,800
3,400
23%
Jan
108% Jan
38% May
33% Deo
29%
85% Feb
Mar
Dee
29%
11
Feb
Dee
29%
23%
18%
11%
•5%
29%
99
Feb
Feb
29%
23%
Jun
38
29 %
*23%
24%
106
29%
%
13%
Dee
29%
1Q
99%
Dee
Nov
45
%
18% May
38%
13%
45
13%
99%
Sep
N
13%
45
SB
18% Feb
July
13%
43%
National Sugar Ref Co
No pa*
National Supply (The) Pa 00m
lt
Dec
107
*13%
42%
National
12
Feb
13,100
14%
42%
5
X22
105
preferred
National
13 '/a
13
*13%
2
Feb
-
Co
13
12%
13%
42
9
81% Mar 10
22
Jan
13% May
Lead
^preferred
1,500
12%
No per
preferred—
6%
7
24% Jun
U Mar 30
Jan
17%
U
Register
i%
8%
Jam
11
Jan
29%
•
National
8%
13%
Nat Enameling 81 Stamping—No par
National Gypsum Co com
1
conv
200
8%
41%.
No par
if
National Distillers Prod
$4.50
26%
g
Corp
Container
27
"26%
8%
13
150
*26%
26%
4
.
City Lines Inc
National
8%
17,100
20%
20%
27
26
100% July
25% Jan
15% Feb
NdV
100
Cash
8%
8%
12%
1
Ine
20'A
Service Corp
1
Nat Mai A Stl Cast Co
No pa*
Natl Power A Lt ez-dlst
No pa*
23%
Mar
National
7
28%
13% May
9
23
Jan
1%
Automotive Fibres
National Aviation Corp
National Battery Co
National Biscuit Co common,
7%
preferred—
96% May 19
29% Jan
65
'
20% Jun
163% Feb
8% Apr
U Deo
30% May
13% Deo
11
Feb
Jan
167
Deo
74% May
31% May
•8
Feb
87
2
Sep
190 %
Deo
6%
15%
Feb
& 367/s Dec
Deo
11
Jan
>
I
May 21
22% May 21
43% Mar 30
Feb 28
37% Feb
National
8%
National Cylinder Gas Co
.1
National Dairy Produoti—.No pa*
National Dept Stores
V
10% Mar 15
Jan
-
*26
1
13% Jan
Jun
Feb
1
*
National Airlines
Nat
17%
17% May
30% May
I
9% May 20
13% Jan
2
28
11% Feb 13
38
14% May
f
100
Nat Bond A Share
National Can Corp
13% May
Dec
Corp
May 17
9% May 21
48
Jun 17
36%
V
8
5
10
4
July
30% Jan
11
33 % Feb
Oct
45
9
6% Feb
Jan
15%
Dec
Dee
10
Mar
20
Dec
147/«
May
17% Mar 22
Mar 18
164% Feb
Feb
8% May
21%
5
10% May 20
13% July 8
11
11% Feb
Dec
34%
;
Feb
34
-
Jan
8% Feb
16%
10% May
24
168
Jan
Jan
o
87
Deo
61% Deo
21
38
Jan
27% Feb
111%
Feb
92% Jan
2
103
Jun
18
35%
Dec
26% Feb
11
43
Jun
15
Apr
18
Deo
17% May
93
Deo
22
Dec
13%
May
118
92
Feb
107
16% Apr 14
22% Feb 11
Feb
27%
7% May
86
July
10
8
Mar
Feb
9
25
34% Jun
18% Jan
Feb
89
Mar 16
100
Sep
149%
28%
Feb
20
Jan
2
23
33%
Feb
27
Jan
26
Oct
163%
Jan
147
Mar 17
Jan
Jun
37% Jun
5
Jan
23
Jan
5
89
Feb
27
Jun
28
73% Jan
2
83
68
NOV
80
July
52
4%
pfd
convertible
29
34%
preferred
152'/a
152 Va
*151'A
152%
*18%
Owens-llllnols
paf
HAW
Glass Oo
34% Feb
13
43% May 28
21% Jun 15
Jan
62%
Jan
47% Mar 16
55
39%
7
Feb
30
40
May 17
1/64 July
Feb
134
2
4% Feb
10
21%
Jan
69%
Oct
41% Feb
11
4%
Deo
7%
Feb
4% Feb
13
8% Feb
27
8%
13
Deo
14%
Feb
3&% Jan
July
104% Jun
2
Jan
Feb
7
55
5
12
Feb
6% Feb
11
11% Jun
28
2
105
May 17
21
May 27
Jun
8
m
Packard
Pan
Motor
Car
1
preferred
Panhandle Prod
Paraffine
4%
Cos
Inc
38% May
48%
For
footnotes
Feb
see
page
24% Feb
11
30% Jun
6% Mar 16
'. 9
Feb 24
16% Jun
29% Jun
28
38% Feb
27
24.
10
37
11
May 17
Jan
49% Jun
18
Parke
convertible
61%
Parraclee
Penick A Ford
1
Penney (J C) Co
10%
10%
20%
*19%
61 Va
61%
61%
5Va
10%
5%
2,800
1,100
5%
48.900
10%
10%
*19%
20
8,900
20
61%
61%
62%
99
99
10%
10%
10 Va
10%
No par
26%
26'A
26%
26%
26%
26%
*26%
2,000
99
10%
100
*104
23%
*104
23%
1
45
45
23%
*43
*104
106
•
23%
23%
*43'A
46
2%
2%
28%
29%
28%
; 28%
.
'
*9'/a
9%
14%
15%
No pur
No pur
31%
47%
9%
:
23%
29 Va
29
29%
18,300
46
■■■
:
100
2%
1,500
29%
4,800
29%
30
9%
9%
*9%
$ 9%
14%
14%
14 Va-
14 Va *•
32%
32 Va
32%
32
32%
900
48
47%
48
47%
47%
3,400
9%
14%
15
31%
32%
48 %
47%
:
2%
600
106
23%
2%
70
5,700
27
*43 Va
29'A
29
29%
*28%
S
23%
48
28%
29
No par
*104
106
2%
2%
2%
]
*98
99
*98
106
1
~
7
5
5 Va
10%
170
5%
56
'
10%
Co
Enterprises
5%
55%
10%
Inc
Transportation
5%
55%
99
Parker Rust Proof Co
Patino Mines A
5%
♦19%
61%
630
141
141
55%
5%
56
4%
,
900
1,400
100%
10%
Consolidated Mines
A
5
10%
*100
2,100
55%
21
37%
—
5%
5%
57
60
55
37%
99
preferred
Pictures
Davis
5%
34 Va
55
.
1
Refining
com
-»
141
141%
56%
100
&
99%
1/64
*141
lo
4%
Utah
Feb
55
142
Park
14%
34%
142
100
81 Tilford Inc
15% May
38% Nov
5,700
34 Va
34%
141
preferred
100%
1/64
.....—...
6%
Park
Deo
34%
34%
100%
Paramount
7
500
*99%
51
8% May
32% Sop
20%
100 Va
26% May 27
Feb
20%
99%
10
34%
21
Telep 81 Teleg common.. 100
Rights '
11
38% May
34%
34
Pacific
18% Feb
3% May 17
33% Jan
2
150
21
37%
34% Feb
Mar 16
40
54%
Jan
Mar 16
39
*36%
Jan
2
39
55
32%
May 21
*38
37
63%
28
470
71
55
Dee
Jan
1,300
13%
700
*68
36%
Sep
Jan
15%
12%
12%
54%
Deo
4%
15%
15%
37
2
43
5,500
54%
19%
Doe
55
36%
3#
33%
54
*
55
-No pur
15
Feb
21
88
—No pur
Lighting Corp
Pacific Mills
65% Jun
46
Feb
18%
*86
70
20%
4%
Jan
20
*17%
*66%
20%
10%
92% Jan
*■
Pacific
12.%
12%
20%
*19%
Mar
22
152
152
18 V#
88
70
20%
No pur
109
97
15
15
12%
38
Airways Corp
2Vk
Petrol A Transp
S
Panhandle East Pipe L com
Ne pur
Deo
July"
14%
37%
American
90
109"
54%
16OO
4,700
*66%
70
36%
Pan-American
Nov
Deo
*86
j
55%
35%
21
July
•6%
Pacific Gas 81 Electric
*67
21 % Jun
18
55
9%
14%
17%
18%
90
55
12%
12%
preferred non-cum
No par
2nd preferred non-cum
No pur
Pacific Finance Corp of Calif—IB
Pacific Tin Consolidated
Corp
Pacific Western Oil Corp
100
18%
*86
"
56%
14%
10
common
1st
6% Apr
6
62% May 21
5% May 17
11% May 21
Jan
Jan
7
Mar 18
May
5%
8
•& J'ln 18
147
40%
13% Mar 16
90
450
24
36%
"
13
43%
16~8~
18%
*86
No
Pacific Amer Fisheries Ine.
~Deo
94%
153%
Co
Pacific Coast Co
3% May
94
*152 Va
,
Outlet.
Apr
131
8,100
36 Va
May 27
27
93%
9,700
2,020
11%
*22%
15% May 17
89% Feb
93%
36
109%
22%
73
Jan
94
93
93
200
10%
109
36%
15
129%
11
22%
11
13
109%
10%
36 Va
11
Feb
108%
10%
36
35%
22%
27
30% Mar 17
109'A
10
35%
357/a
109
10%
35%
36%
Feb
'
35%
108%
35
*10
300
18
*17
22%
11
Nov
17%
36%
11% Feb
25% May
*89% Deo
17%
36%
62% Feb
80%
17%
*17
17%
23%
Oct
Dec
6,700
92%
Feb
*33%
70
40%
36%
Sep
15% Mar 20
100%
40%
35
*22%
19
Oct
99 Va
40%
If
80
46%
34%
100%
40%
A—100
16
Jan
34%
*100 %
41%
common..*..—.No pur
preferred
100
Outboard Marine 8c Mfg
2.BO
May
24
*34%
100%
40%
107%
•
Elevator
9% May
Jan
90
34%
100%
40%
*17
100
common
34%
101%
40%
DAY
34%
*100%
INDEPENDENCE
CLOSED
SB
preferred
(The)
STOCK
EXCHANGE
Ho pay
nnmmnn
Corp
Otis
154
17% July
Jan
Else
convertible
Omnibus
8%
Ne par
Gas &
Corp
4Ya%
1AA
Co—
Oklahoma
Oliver
■
mwm
preferred
Oil
Oppenheim Cnllini
8
Feb
93
4.40%
23
17
28%
Aug
Ohio Edison Co
Ohio
17
Jan
19% May
84
10
17
36
July 7
109% July 9
12% Apr 20
May
15%
34
16
.
\
500
700
•
1,800
Volume 168
#
Number 4715
COMMERCIAL
Range for Previous
Range since Jan. 1
Lowest
Highest
9per ehare
9 per than
7
:
16% Oct
11% Feb
IS
24% Feb
Apr
13 H May
15% Feb
11
29
Bep
36
Apr
*107
Deo
117
Jan
28% July
lio
Apr
18
Deo
22
Jan
18% Feb
11
26%
Feb
16% Feb
27
■
15% Dee
9
8
15% Jan
19% May 25
34% May 7
112
Jan 14
20 % July
6
22% May 24
51%
Jan
41
Feb
20
48
Apr 22
Deo
118%
Sep
NOV
103
Feb
19
•120
Apr 22
81 V«
6
Jun
101%
22
May
34
Feb
May 20
86% Feb
Feb
17
10% Feb
4
34% July
13 Ya Jun
22
May
34
Jan
27
8% May
12
Dec
22%
23
13%
37
Deo
Jun
18
Oct
62%
May
Jan
May 12
100
Apr 26
9% Feb 11
:
Jan
preferred-—..-.. ..100
Power 6c
No par
Pennsylvania BR
.....60
Pennsylvania Salt Mfg Co com
10
3%% conv series A pfd—100
Peoples Drug Stores Inc——0
7
5
6
Pet Milk
4 Ya %
Co
05% Mar
5
21% Feb 26
22% Jan 26
55
May 19
104% May 15
24% Jun 14
Dec
120% Aug
Deo
95
109 % Aug
"lO%"May
21
Jan
85
16%
Dec
Oct,
35% Nov
98 Ya Mar
83% Mar 17
87% Jan
2
Apr
43
Dec
36
46% Apr 23
81
Jan
93
July
10% Mar
12
63% July
18
Feb
Jun
10%
Apr
38% July
Jan 26
87% Jan 22
54% Jan 21
12
Feb
10
30% Feb
25
99%
Dec
96%
Dec
96%
Dec
.10
May
16%
Oct
88
Deo
18%
Jan
32%
Dec
26
16
Dec
16
Dec
12% Feb
108
Feb
102
Mar
98% Apr
110
14
11% Feb
11
84% May 12
Mar 16
165
Aug
169
Aug
145
Jan
163%
Nov
203
Jan
157
32%
Apr
Feb
34
10% Nov
8
42%
7
May
8% May
15
114
140
Apr
59% May
67
Dec
Oct
93%
Oct
l
Jun
11
90
77% Jun 15
16
167
20
May 19
1
39% Jun
13
10
Jan
2
10% Feb
11
20
Jun
9
27
157
140
Jan
73% Feb 28
84%
Sep
71% Mar
Dec
15
Feb
Jan
145
Jan
9
161
28% Jan
22
46
•102 3/4
103%
*102%
15%
15 Ye
153/4
15%
15%
I
July
7
Reading Coal ft Iron
3%%
—
preferred series A
Dec
111
Aug
120% July
*90
preferred
127
Jan
148% July
*127
98
Apr
20
Feb
22% Apr
51% May
21% May
61%
Feb
24% Jun
28
30 Vb May 15
Apr
40% Mar 17
25
53
Jan
29%
Dec
*25% Feb
5
42
May 18
106%
Oct
109%
Jan
101% Feb
13
108
14%
Dao
36%
Feb
*25
11
31
Feb
5
July
9
Jan
5
87
"*85%
87
*42
43
*41
43
♦41 '•
43
*89%
91%
*90
91%
*90
91 Ya
72%
34
101 Ya
•108%
13%
*90%
1
73
133/4
133/4
34
34
101 Ya
34
765/a
■13%
34
6,500
34
34
•
102 Ya
103
•102%
115
•107%
115
*14 Ye
*90 ;
1,100
103
•106Ya
14
14
14
14
*90
92
74 *
•12%
102 Ya
•106%
92
*90
135/a
74%
13 Y4
*12
34
87
115
102
115
73Y4
74 Y»
*12
73
*85Y4
14 Ye
92
60
700
Ye
92
34Y4
34 Ya
34'A
34 Ya
343,4
35Ya
35%
22
22%
22
22
22
22 Y«
21 Ya
Pitts Ft Wayne ft Chic Ry com—100
•152
160
♦152
160
*152
>. 160
*152
160
7%
gtd preferred
Pittsburgh Plate Glass Co
Pittsburgh Screw ft Bolt
Pittsburgh Steel Co com
7% preferred class B
•167
169
♦167
169
*167
170
♦167
170
108
10
36 Ya
37%
37%
37Ya
No par
8Ya
8Ya
83/4
8 Ye
Nppar
18 3/8
18%
17 Ya
18Ya
100
•156
5%
preferred class A
100
5%% 1st ser conv prior pfd—100
Pittsburgh ft West Virginia
100
Pittsburgh Young ft Ash pfd
(The)
*160
42%
Plough Inc
Plymouth Oil Co
I
*11%
6
Pond Creek Pocahontas
Co
Potomac
$5
*158
'
...20
25 Ya
< -v.
1,000
V
10
■
Y 163
42
43%
433/4
44Y4
43 Ya.
443A
12
11
11%
11
11%
HYa
11%
633/4
62 Ya
63
61
62
61%
62
46
46
453/4
45Y4
45
45 Ye
45
45
5,300
<
1,400
5,000
v
15%
14Ya
14 Ya
15
13 Ya
13 Ye
13 Ya
13Yo
13 Ya
l
9%
93/4
93/8
9%
9%
93,4
9%
*303/4
1,700
15
13 Ya
Industries
Inc
preferred
^
-No p ar
*
"
v./
8%
preferred
Purltv Bakeries
3,000
1,900
923/4
92Y4
39%
39 %
39%
■1*. :
93%
s
935/a
i, -.
:
38 Ye
j
1r::
—
M
—
200
/ 3,800
2,300
4#::
w
130
—
119Ya
135 %
.
106 Ya »:
119
:
-4
—
106%
135%.
23%
23%
•r
443/4
38 Yb
106
107%
No par
30%
400
180
4
29%
No par
Corp
230
39 Ye
923/4
39%
395/8
235/a
28 Ya
preferred
93 Ya
*§23/4
No par
(The) common
92 Y4
93%
23%
No par
Inc
22 Ye
*92%
No par
com
pfd
683/4
22 Ya
23 Ye
100
El & Gas
68 Ya
23 Ye
68
23
10o
dividend
31 Ya
68
23
32
675/8
32
39%
No par
—100
preferred
preferred
31
673/4
31
♦303/4
68%
23
67%
400
7,900
7,500
lOYa
31 Ya
*22%
No par
5
com
Co of Colorado—20
Corp of N J com—No par
conv
V 25
•14Ya
Co
preferred
Oil
-
26 V4
13Ya
6%
5%
'
*77 ■?■>•■ -78%
78 Ya
163
300
91
15 Va
7%
Pure
*158
161
1,900
160
90 %i'
133/a
cum
Pullman
161
7
4,800
423/4
Service
$1.40
78%
25%
•156
91
3i700
9
18 Ye
*
preferred series A—50
conv
Pub Serv
26
■
•143/4
Power
Procter ft Gamble.
$4.75
79%
18
Ya
36
8%.
17%
160
9034
2,200
No par
10
Electric
4%%
*156
90%
5,900
22%
62%
—1
class B
163
17%
35%
'
?5%
9
*25"
25%
1
37 Ye
*78 Ya
79%
25%
37
160
'
90
91 %
•78%
100
•156
160
903/4
Plttston Co
Public
Apr 21
124% Apr 20
141% Apr 20
17,900
"20
*853/4
43
.......1
Pittsburgh Forglnga Co
Pub Serv
131
170
91%
•12
No par
100
Pitts Consolidation Coal r.n
91
31%
953/a
853/4
35
common
*90 Y4
*42
No par
5
Hosiery.
Apr 26
39% July fi
11
7,600
11,200
*89%
100
Phillips Petroleum
24% Jun 24
Feb
19%
45%
30%
cumulative
60
19%
44%
*93%
5%
310
44%
91
6
111% Feb
Aug
12,600
19%
95%
15
Feb
102
130
41%
30 Ya
Publicker
Deo
19%
41 Ya
91
28% May 25
Dec
19 Ya
403/4
29%
16
111
19
407/a
*93 Ya
27
102%
19%
40%
95Y8
30% Apr
62% Feb
94
1,100
4,000
i,
108
29Yo
Feb
Mar 11
19 Ya
3
*107
90%
Pressed Steel car Co Inc com
Feb
108%
90%
11% May 18
351/4 May 2,1
71% Jan" 9
81
100 Ya
•
29%
Poor ft
20
100 Ya
*93 Ya
16% May 20
13% Mar 24
32% Jan
1103/4
*107
95%
28
Feb
108
90%
13
Feb
1003/4
X108
293%
27
Jan
112
xl003/4
90%
8% Feb
25%
X112
1003/4
108
1
29%
12% Jan
38%
1123/4
108
.
100
•92%
853/4
12% Feb
102%
30% May
19% Deo
53
h
*99 Ya
10o
Feb
8
.
*99%
—
Nov
Feb
585/a
Philip Morris ft Co Ltd common—5
4%
preferred..
100
3.60 series preferred
100
Phillips Jones Corp com
No par
46
18
99 Ya' 100
1
common
8
Jan
53
18
64%
53
160
14
32%
53
100
17%
63
58%
200
Jan
71% Nov
17%
63
100
2,400
100 Ya
29% Feb
4
523/4
*99Ya
52%
15%
111%
43
Dec
52%
15%
■.>'
£1
*99 Ya
16
May
15% May
85% Dec
50
400
103%
♦llOYa
33
24
58
103%
111 Ye
Oct
Jun
17 3A
63
58%
22,800
■
"
112
Oct
2
173/4
63 Ya
.
100
Dec
11% July
70% May
\
14%
28
100
Jan
Apr 23
173/4
623/4
575/8
18
'.63-v
58
■i'Vi'-i 300
16%
14%
.—100
15%
57
62%
57%
16
16%
28
•
preferred
19%
Dec
•173/4
36
"16%
.
3.8 V preferred
4.3% preferred
Oct
9% May 10
,,
par
No par
35%
May
90
103%
38
Sep
Apr
19% May
11% May
33%
*102%
14%
10
9
14%
27%
103%
38%
21
12%
9
13
May 18
94% May 14
82% May 10
26% Jun 24
20%
200
14%
273/4
Pitts Coke ft Chem Co com—No par
$5 convertible preferred—No par
Feb
200
14%
10
Feb
95
16
15% Jun
Feb
*93 %
130
Pillsbury Mills Inc
84 preferred
14
15 Ya
100
95
28%
16%
20
353/4
•15%
14'/a
Pitts C C ft St Louis RR
Apr
93
♦333/a
800
5
155
92Ya
300
44 %'■"•'•.
113
'
34%
•27%
14
26
94
34%
*93 r'
14 Ye
Jun
92% May 26
35% July 8
23% Jun 15
36
*112
23%
Phoenix
8
*34%
29,500
•"-21%
44%
113
23 Ya
7
34% Jan
103% Jan
110
Jan
May
17% May
5
14% May
10% May
171
Feb
36
21
44 %
,!'
23%
Phila ft
21
113
20%
*44
113
233/4
Philco Corp
8
*15%
20%
45
113
6,800
24%
45% July
3
•34%
•92%
21
•44
\:vi
A*;
20
*233/4
8
9
45
19%
24%
22
July
31% July
20%
21%
113
200
•111% 113
19%
•24
Jan
97% Jun
20%
•44%
*112
113
No par
28
6
19%
3,600
83% Apr
Jan
20
53
20% May 22
25 Va Mar 16
*111%
19 %
2,500
28%
24%
19
87
?; *111%
20%
18%
99 Ya
Jan
Feb
19%
400
18
28%
,
53
14
Jan
113
.
28%
common
4.4 ft
Mar
43%
DAY
CLOSED
1
9
101
EXCHANGE
No par
10
109
•111%
30
113
23Y4
111
Deo
•29%
99 Ya
103% Jun
Dec
29%
32
24%
14
Deo
29%
•29%
2374
21
25
INDEPENDENCE
gharee
13%
*123/4
24 Ya
28
85
173/4
23 Ya
Jan
88
123/4
17%
the Week
24 %
Electric Co
Jan
9
123/4
■alee fee
July 9
9 per there
24
Phlla
Apr
1
12Ya
•17% 17%
14%
Brewing Co
(Chas) ft Co Inc
91
91
123/4
17%
27%
$1 preference common
8
STOCK
13 %
100
2
Jun
Friday
.
%0
preferred
25% Jan
115% Jun
104
July 8
I per share
17%
€■
nm
Petroleum Corp of America
Pfizer
Thursday
9 perthare
No par
common
Pfelffer
9
,
21
PRICES
Wednesday
July 7
•
perthare
100
Pepsi-Cola Co
30% Jan
105
111%
Light Co
Phelps-Dodge Corp
Philadelphia Co 6ft preferred
$6 preferred
No
5
29 %
5ft
Penn
58% July
Feb
Dec
com—No par
20% May
24% Jan
May 19
17% Jun 21
$
i';
'
Peoples Q L & Coke (Chic)
Peoria As Eastern By cr>
104
July 6
*12%
7
Penn Glass Band Corp
SALE
Tuesday
_10
Co
20% May 15
64 % July
9
60
23%
Corp
Cement
2
59
109% Aug
27% Jan
May 15
Penn-Dixle
13
Deo
Deo
6
Coles
St
11
49%
Dec
98
-
Coal
Feb
48% Dec
97%
45% Jan
Penn
40% Feb
Apr
«1%
I per thare
14% Feb
47
36%
Mar
9 per thare
Monday
(165)
HIGH
AND
July 5
-K''-: ?V•' >'' p*r
3
May
55%
JulyS
0 per thare
38
Dec
LOW
Saturday
EXCHANGE
111
45%
CHRONICLE
XVKW TORK STOCK
Highest
9 per thare
FINANCIAL
.'Mi: ' STOCKS
S
Tear 1947
&
170
23 Ye
23 5/8
23 Ya
23%
23 3A
23 Ya
3,700
28%
•
287/a
283/8
283/4
28%
28%
8,700
44%
45%
44%
107
31
445/a
39
38 Ye
108
♦107%
38 Ya
39
107'/a
30 Ye
.30%
30%
45%
-
38%
45
f
453/a
108
30%
6,600
38 Ya
38%
108
10,300
108
30%
200
30 Ye
1,600
»
16
Mar
34%
Dee
*31% Feb 25
25% May 23
Quaker Stato Oil Refining Corp—16
Range for Previous
STOCKS
Year 1947
Lowest
t per thare
Vswudsy
EXCHANGE
JulyS
Monday
July 5
• fcrilsrs
9 perthare
Lowest
I per thare
LOW
NEW YORK STOCK
Range since Jan. 1
Highest
Highest
f per thare
*23%
f per share
Per
AND HIGH
24
•23 Ye
24
♦23 Ye
23%
*23%
24
SALE PRICES
Wednesday
Tuesday
July 6
July 7
9 per thare
9 per there
Thursday
July 8
Friday
galea fat
July 9
I perthare
the Weak
I per thare
Shares
R
7% May
10%
Feb
18%
Deo
80%
Feb
63% Feb
IV«
Deo
15%
Jan
7% Feb
14%
Deo
105% Mar
7% Feb 20
91
1127
Mar 31
15
Jun
17
75% May 27
11% May 19
98% Jun
4
18% May
17% May
41
Feb
34% Jun
18
33
Dec
22% Feb 20
35% Jun
14
33%
38%
Feb
31
35
Deo
16% May
17
22% July
48% July
Dec
S3
Not
8% May
66
Del
U
39
July
18% Feb
108% Mar
16%
May
Feb
28% Mar 11
Jan
28
May 17
Radio
$2
16% Feb 20
27% July
24
45
Apr 27
4ft
non-cum
16
39
Jun
4ft
non-cum
10% Feb 24
101
Jan
21
11% Feb 11
6
2
15% May 27
105 '
18
Feb
25
May 21
Deo
14%
Nov
30% May
10 % Dee
29%
Feb
10% Apr 23
22% Mar 31
17%
Feb
10% Feb
27
61% Jun
10
63
Deo
84%
Feb
12%
Deo
17
Aug
1*1
86
Nov
102
Jan
95% Jun
34%
Jan
33%
Oct
4% May
3% Deo
9%
Jan
6% Feb
8%
14
*22% Mar 10
10
8%
Feb
1% Mar
4
Feb
8% Feb
11
30'/$
Deo
Feb
22% Feb
11
113% May
24%
May
Deo
61
17
15%
Deo
22% May
101%
Mar 17
110
103
20
27
80
May
124
Jan
92
9
May
Deo
19
Apr
13%
Jan
23% May
5% Sep
Mar 19
Feb
7% Feb
11
44%
Feb
35% Apr
23
50%
Dec
46
Feb
87% Feb
104
May
10% Mar
Mar
5% Mar
18
Nov
15% Mar
24%
Oct
17
42% May
17% Dao
68%
Oct
96%
Feb
For
footnotes
see
page
263/4
27
44
*42
44
37 Ya
*36
37 Ya
►103
*13%
14%
♦13%
133/4
109
143A
37 Ye
13 Ye
*105
145/a
*32%
33%
32%
200
33
333A
33 3A
26%
265/a
"
43
*41
37 Ye
*36%
13 Ye
110
♦133/a
♦105
14%
*14%
2,900
600
27 Ye
3,400
43
37Ya
133/4
100
:
100
110
'
143A
1,300
11%
•11
11%
11
11
♦10 3/4
11
100
24
♦23
23%
23 Ya
23 Ya
*23
24
100
1
100
50a
25
11%
*11%
11%
*11%
11%
*11 Ya
12
*62
63
*62
63
*62
63
♦62%
13%
*95Ya
13%
63
_
133/4
13%
133A
97
13%
♦95 Ya
98
97
97
*95 Ya
98
600
13%
13%
4,600
24 Ya
23 7/a
24
235/a
24
2,100
11
103A
11
11
11 Ye
8,200
31% Jun
Republic Steel Corp
3,500
1,400
18,600
14
110
Apr
19
5
104% Jan
11% May 26
41% Jan \2
(1
50e
3%
4
3 3/e
33A
37/o
3%
3 3/4
37/a
19
9%
93A
9Ya
95/8
9 Ye
9 Ya
9%
9%
No par
30%
30 Ye
303/4
30 Ya
30 Ya
30 Ya
30Ya
*1093/8
convertible preferred
6ft
conv
com
prior pfd series A—109
Revere Copper ft Brass com—No par
5%ft
Rexall
preferred.
100
Metals Co
24% May 18
110
com
7 Ya
7 Ye
7Ya
No par
25Y8
25%
101
10%
35 Ya
101 Ya
101
.47
♦45
180
92
92
*92
25 Ya
22
Ronson Art Metal Wks Ino
Royal Typewriter
64% Jan 22
72
Ruberold
14
18% Jan
6
Runpert
Co
(The)
(Jaeobl
5%
357/a
36 Ya
47
46
46
93
92 3%
93
22 Ya
46
55/a
5Ys
*101
25 Ya
57/a
10 Ye
100
Ye
20,100
600
102
110
10 Ye
700
36 Ye
367/a
10,800
47
47
10%
.
*91%
22%
22%
44 Ya
45 Ye
*24%
25 Ya
*24%
5%
♦53A
53A
7
25%
60
92%
300
22%
223/a
600
44
44%
51,100
25 Ya
5%
Co__l
11%
113/4
11 Ya
113A
11%
113/e
11%
28 Ya
28%
28%
28%
28
28%
283A
293/8
8
•20%
21 Ye
1
23 3A
243/a
♦233A
70
70 Ya
1,400
11%
25
preferred
May 21
27% May 27
May 28
Controls
36 Ya
.
22 Ya
*24%
101
10%
43
437/a
101
10 Ya
35 7/a
36 Ye
*45
223/4
,
1013/e
10 Ya
10 Ye
413/4
conv
4,500
25 Ye
*24 Ya
4% ft
18%
95
7 Ye
scries..
Manufacturing Co
Robertshaw-Fulton
300
18%
95
25%
•22%
9
1113/e
18 Ya
95
7Ya
1
No par
9
110
25 Ya
Richfield
7% May 21
18 Ye
73/a
Rltter Company
No par
Roan Antelope Copper Mines
11% July
29% July
109 7/a
X95
25 Ya
15
Corp
96
7%
21
Oil
18%
18%
*95
10
3.60ft
H O CO
O CD
187/a
96
♦253/a
5%ft convertible preferred—109
Reynolds Spring
_1
Reynolds (R J) Tob class B.....10
Rheem
18 Ye
*95
•
2.50
Drug Inc
Reynolds
►109 Ya
31
Jun
23
15
26 Ya
♦42
33
32 3/e
35
*11%
Jun
8
110
33
32
•33 Ya
7,200
•'; 60
*11
49
9
133/4
•105
14 Ye
28
Mar 16
Apr
27 Ye
*35%
O
5
20%
27
♦42
26
14
Deo
333A
96 Ya
10%
Preferred
6% Feb
19% Sep
33 Ye
333/4
*95 Ya
24
1
19% Feb
34
32 Ya'
333/4
700
97
11 Ye
Jun
22
•33
33 Ya'
•95 Ya
24 Ye
94
15% Jan
33 Ye
97
11
18
20% Mar 16
33%
97
*23
Common
Feb
97
37,100
24%
8
Dec
97
*
8%
1
Jan
18%
143A
73 Ye
83/a
1
50
31
14
73
8 5/8
Republic Aviation Corp
Republic Pictures common-
6
25% Feb
14
73
8%
Reo Motors Inc
8
May 15
29% Apr 22
5% Feb
85
7
96
19% Feb
13Y8
73
8 Ye
13% May 8
5% May 20
11% May 21
July 8
21% May 15
Jan
*
29% Jan
5
11%
May
8
17
39
45
Apr
10
Jun
14
73
8Ya
10
Mfg Co common
Conv pfd 3%ft series
Remington-Rand common
$4.50 preferred
15% May 21
98
13'A
723A
9
No par
preference
Reliance
15% Feb
Deo
prior
Reliable Stores Corp
82% Feb
6%
div
lics
14 Ye
723A
83A
Co¬
ft
13% May 24
64 % May
4
Feb
is y4
36% May
7
14
72 Ye
333/a
500
25 % May 21
Jan
Apr
Feb
16%
14% Jan
DAY
109
common
Reeves Bros Inc
(Robt)
INDEPENDENCE
50
Bo
1
1st preferred
2nd preferred
Hosiery
preferred
7ft
CLOSED
10
Reading Co common—
Real Silk
STOCK
EXCHANGE
333/4
—II
preferred
36% Feb
31
Feb
Rels
13%
Corp el Amerlea com—No pa*
(3.50 oonv 1st preferred—No par
Radio-Keith-Orpheum
1
Ralston Purina Co 3%ft pfd..—108
Raybestoe Manhattan
No par
Rayonier Inc common
1
-
No par
I
•14%
15%
17,200
:
2,000
21
20 Ya
20%
24%
235/a
233A
68%
69
68
68
68 Ye
69
1,400
14 Ya
15 Ye
14 Ya
14%
14%
15
300
21
•
*20
r 233/4
20 5A
233/4
24.
-4-.
600
600
i
(166)
22
-
COMMERCIAL &
THE
YORK
NEW
Monday, July 12, 1948
FINANCIAL CHRONICLE
RECORD
STOCK
1
rm
::
Range for Previous
S
Bange einoe Jan.
Year 1947
V
# per
Hlfbett
$ per thare
share
J'i'S
H
10
&
11
2
Jan
Dec
68
1
Oct
8
Feb
Feb
108
x20
Deo
f
108 :>
Deo
'!•:
114% Mar
11%
.
39% Mar lp
Sep
90% Feb
102% July
88 % Feb
103%
92
Dec
901
13 tt
Deo
Not
18tt
83 ft
Deo
98 tt Mar
Mitt
Deo
33
Btt May
:
Oct
Feb
10% Apr
29
Feb
6% Mar 17
Feb
9% Mar 16
Feb
12% July
Deo
Feb
Feb
68
Feb
14 tt
Deo
21% Feb
12% Marl6
11%
Dec
?2 Dec
5% Feb
28% Feb
6tt May
s$i
Apr
IIS May
9%
/
Apr
46% Jun
-
.4% Feb
35% Mar 13
44
Jan
65
Mar
May
Deo
15
Deo
92% Feb
10
Oct
18
Feb
11
39%
..
Oct
102% J tin
Deo
24% Jun
Apr 13
28
'89% May
July
19% Fe b
98
0
Dec
35%
Jan
13% Mar
17 tt
Deo
14% Feb
Feb
Ttt
3tt May
5% Oct
8%
Jan
54%
Not
Apr
V ~14%
40 tt
.
T
Jan
Dec
37
8
8%
34%
Jan
25% Mar 16
30% July
9-
32
July
34 tt Apr
28%
Feb
20% Feb
27
29% July
8
i.
50%
Dee
9
88
50%
Jan
57% May
77
Feb
43% Feb 11
33% Feb 11
58% Feb 20
6J23/a July
,
Not
81
Aug
70
t
May
48
r
:7
15
20% Feb
May
Feb
Feb
4
May
14%
Jan
5% Mar 16
t
73
Dec
93%
Jan
I
23%
Sep
31% July
23% Mar 18
29% Jan
?
316% May
8
May
24%
20% Feb
30% Jun
18
17%
Feb
■7% Mar 16
14
68 tt
Dec
90%
Feb
61 tt Mar 17
74
13% May
18%
Feb
15% Feb
23% May 15
NOV
45%
Jan
22
Not
112%
Feb
23tt Dee
37%
Jan
i
27
r
•
99
83
102
Dec
17% May
81
63
Feb
Feb
July
54% Jan 27
Jun
53
11
92% Jun IS
27
35
Jun
14
11
Feb
17
97% Jun
11% Feb
10
15% May 81
Standard
43% May It
41% May 26
Starrett Co
41% Jun
49
Feb
39
Feb 11
37
May
47
Oct
37
Feb
12
May
18
Jan
49
Jan
104% Mar
10
11% Mar
Feb
Mar
Oct
27
9
36% May 21
Feb
16% May 26
14% May
19tt Jun
24%
Oct
12% Feb 11
13 % Feb ?7
21%
Jan
18
.Jab
2
3
20
Jan
8
6
Mar
17
1
29% Jun 15
10 tt May
Feb
11% Jan
14
,
17
25%
Feb
16% Mar 10
May
10 tt May
105
61
Dec
Feb
94
75% Mar
125
Oct
"
7%
Mar
9
Apr
May
114'
15%
109%
July
r
12%
Jan
Sep
70% Jun
120 • July
50% Mar 19
li3%
Jan
31
9% Feb
11
l
31% Jun
26% Jun
21
23% July
32% May
2
Jan
34% Mar
2
41%3un II
9% Mar
1
11% Mar 31
45%
8% May
24%
17 tt May
101tt
Jan
Oct
Deo
160
18% Feb
140
Mar
5,200
5%
5%
2,200
33%
33%
29%
Mar 12'
Jan
8
Swift International Ltd
Jun
3
Loweet
t per
thare
,
$ per there
.
9 per there
100
23
23
200
21
33,100
20%
800
103%
*103
103%
103%
103%
4
1,100
8
17,700
4
4
4
4
7%
7%
7%
7%
7%
7%
45
44
44
46
*45
55%
553/4
56
56%
*56%
57
14%
14%
14%
14%
100
47%
55
14%
14%
*44
600
1,500
14%
1,200
42
41%
41 Va
42
42
42
30%
30 Va
30%
30%
5,100
28%
273/4
28%
28%
29%
29%
29 Va
10,800
60%
59%
60%
59%
61'A
61%
62%
22,400
48%
48%
48%
48%
49
48%
50%
6,400
693A
69%
69%
600
v
42
♦40%
41
42
42
41%
42
♦41
*69%
69%
69%
Va
100
69
•70
71
71
71
*70%
73
19%
*18%
19'A
18%
183/4
*18%
19%
100
7%
3,900
7%
7%
7%
*7%
71
26%
*26%
27
26%
26%
*26%
30
29%
30
29%
293/4
29%
!
12
-
21%
21%
213/4
28%
28
89
89
89%
:
89%
26
26
3,300
*102
103
26%
*103%
28%
28%
88
88
*102
113
5,200
104
113
105
112%
8,700
300
25%
25%
25%
25%
105 Va
330
110
28%
89%
*88
*113%
115
113 Va
2,800
26%
115
26
106
21%
103
103
*103%
26%
26%
♦103
12%
71%
21%
28 Va
28 3/a
3,100
12
71%
21%
*26
1023/4
102%
102
28%
300
4,100
12%
21%
26%
26
26%
26%
102
71
21%
26%
30
71%
♦70
71
-
11%
12%
12
12%
71%
71
10
70
70
71
20
8
*7%
8
1
*69
*69
26%
112%
500
72%
71%
72%
71%
72'A
71%
72%
7,200
49%
49%
49'A
50%
50 Va
50%
50 Va
50%
11,100
87%
87%
86%
87
86
86%"
85%
86%
19,100
34%
34%
33%
34%
33
33%
32%
33%
7,000
97
96
96
71 Va
*95%
14%
14'A
14%
Va"
97
*953A
97
*413/4-
423/4
38%
383/4
*38%
14
14
*14'
143/a
*14
36
36
96
35%
**95
.
*95
41%
143/4
413A
38%
39
500
14%
200
36%
4,500
39
143/a
,
*14
36%
36%f
36%
36%
14 Va
43
*41%.
"39
39
100
2,600
14'A
14 Va
43
*41%
100
95%
♦95
96
*95
96
33%
33%
333/4
1,400
32%
33
33%
335/a
*33%
15%
»
15%
15%
15%
15 3/a
15%
15 tt
15%
1,500
.15%
15%
15 3/a
15 3/4
2,700
19
19
19
15%
15%
15%
15%
18%
19
19
19
18
17%
17%
17%
13
173/4
18
17%
27 Va
27%
?7%
27 3/a
26%
27%
273/a
28%
11,000
9%
2,100
10
9%
100
98%
9%
*98
19
98
68
68
'
120
♦
120
*119
6,500
200
69%
=68%
.
1,000
98%
*97
98
.67%
*119
120
9%
10
9%
10
98%
67%
68%
68 Va
*119
3,000
120
119
14%
14
21,600
14%
14%
14
14%
14
14 Va
19%
19 Va
19%
20
20
*20
20%
800
19%
24%
?4
24'/a
24
24%
24
24 Va
2,800
41
41
41
41
413/a
41%
41%
800
10%
10%
10%
10%
10%
103/4
10%
10%
3,900
27%
27 Va
27%
263A
263/4
1,900
243/a
27
27
27%
*227
41
*229%
230
'
231
231
600
231
230%
229%
18%
18%
*|8 %
18 Va
18%
18'/a
42%
43
*43
43%
42%
43
10%
11%
12
12%
12 Va
13
13
1,300
34%
3,500
16 3/a
4,300
22%
3,400
12
18%
18
33%
33%
33%
33%
33%
333/4
16
16%
16%
16%
16 Va
,16 3/a
16%
21%
22
22'/a
22'/a
22%
22%
*88
LOW
9 per
Monday
July 5
.V
there
2,200
400
•90
7
t
7
2,300
HIGH BALK PRICES
.
' ■■■*■
;
Friday
July 8
9
I per Mere
Saleu fer
July 9
Thursday
Wednesday
July 7
9 per thare
0 per there
9 per thare
.
AND
Tuesday
July 6f l
•
•
-
*88
7
6%
7
i 7
7;
22%
90
*88
90
*88
90
7
-r-
43%
*42%
,
33%
July 3
far
7%
7%
7%
•
•8
*7%
8
71
29%
Saturday
STOCK
»
9 pgr thare
98
21
20%
213/a
21
1033%
50
88
98
23%
23%
23%
*22 Va
23%
7%
STOCKS
Highest
700
*86
—
4%
.1
EXCHANGE
.
88
—
,
37%
38
*86
30 Va
No par
HEW YORK
*37
—
30%
Sylvania Elcc Prod Inc com—No par
t
37
88
*7%
23
50
10
2?
Range since Jan. 1
Lowest *
Highpst
37
*86
800
1,200
32
37
♦69
No par
90 Va Jun •
„
22%
32
32 %
37%
22%
800
31%
22%
32
4
1
26
Year1947
v
32
300
149%' 151
23%
22%
30%
1
17% Feb 27
Range for Previous
150
71
l
California
Superior Steel Corp.
Corp
>149%
151
41,800
.
•18%
cum)——100
1
1
23
4 Va %
25
Sunshine Biscuits Inc
12.50
Sunshine Mining Co
10#
Gould
30
*22
21%
preferred series A
preferred series B
Symington
29%
-
14% May 14
7% May 18
30
150
103%
50
80% Apr 21
,4% Mar 12
10% Feb
29%
>87
1
27% Jan
28% Feb
;
30%
700
42
22%
'14 Va
104% Mar
4% May
*40 %
*70
No par
$0 preferred
41
69
Dec
9
33%
41
32%
48%
Dec
20% Dec
33V2
42
29%
151
€0
36% Jan 27'
38
11
235
34
*40%
41
*95%
(The)
53/4
5%
5%
5%
*33%
33%
273/4
79%
;
7,800
6%
30%
18%
,
43 %
6tt
14%
6
47.
l0%JuJy
42 3/8
6 Va
41%
25
May
x30% Feb
43%
X6tt
Sweets Co of America (The)—4.16%
8wift k Co
u—
25
36
37% Jan
42%
6%
*40%
Sutherland Paper Co
Feb
Jan
43%
6 Va
,7%
44% Jun 14=
16% Jan 19
14
Jun
42%
6%
55
Superior Oil of
24% Feb
14%
100
43%
*43%
Superheater Co (The)
May
30%
100
*13
*76
4%
jun 47!
19% jun
9
1
1,800
500
21%
29% Jun /;!!*
11
13
Mar
21% Oct
»
»
26 3/a
13%
100
Chemical Corp common
4% %
9
26 Va
78
♦13%
Sunray Oil Corp—
15% May 24
7
26
13%
No par
OiJ Co common
Class A pfd (4%%
26
♦76
26%
*13 tt
103%
preferred
(J P) Si Co Inc
Sun
8,700
5,800
13%
$4.50 series A preferred-—No par
9
13% Mar
*
Sun
7
98% May 25
40%
42 %
13%
*22%
^The) L S.,———No par
Studebaker Corp
35%
40%
14%
common—10
Stone St Webster
July
11% Jan
4
Mar 17
19% July
f
18%
34%
40%
—
5
100
Stevens
13
Stewart-Warner Corp.$
Stokley-Van Camp Inc common—1
5% prior preferred
20
19%
34%
40%
—
Sterchi Bros Stores Inc.
36%
34%
78
87
8
Nov
34%
14%
36%
7
13 tt May
'
99
14%
32%
Jun
3%%
99
14%
No par
pref—No par
Sterling Druff Inc common
70
3,800
99
♦25%
26
*22
15% May 21
97
10
13%
98%
14%
12
convertible preferred-*
4%
13%
98%
40%
41%
150
1
No par
1
No par
1
1
Spring common
7%
13%
34 tt
,
29%
39% Jun
0
32% Mar 12
88
Steel
35
41
100
preferred series A
3%%
91
Feb
Ohio
Oil of
Standard
Jan
105
Dec
■
7%
13%
*5% '••5%
No par
$7 prior preferred
No par
Standard Oil of California—No par
Standard Oil of Indiana
25
Standard Oil of New Jersey
25
16.
13
69% Feb
7%
13%
99
100
33%
$6 prior preferred
15
24% Feb
36% Feb
17%
30 tt
Jun
73
July
80
■>'■■*.34:* Dec
$3.50 cum preferred
Standard G & E Co $4
25
31% Aug
44% July
Dec
88
Jun
115% Jun 25
97% Feb 27
63
10% May
•„
91% Jun
3
10
2,200
8
7%
7%
13%
7%
14
6%
Squibb (E R)- St Sons common
1
$4 preferred
No par
Standard Brands Inc com—No par
*
'12%
2,700
78
No par
I
Square D Co:
27% May 15
106
11
125
29
Sons
Spiegel Inc common
Conv $4.50 preferred
2
Jan
29% Jun
19% Feb 27
Jan
94
Feb
82
86
preferred
Kellogg St
Sperry Corp (The)
Spencer
17,200
12%
14%
No oar
$5.50
5
.
May 15
May 14
104
-
2
11
Feb
jJan
29% Jan
3
9
Jan
Mar
23%
16
36%
37 Va May
-
Aug
20
May
98% Mar
22% Mar
73
2
114%
May
89
May
40% Mar
..
Oct
69% Jun
non-cum
413/4
12%
14%
common—No par
preferred
100
Spalding (A G) St Bros Inc
Sparks Withington
Spear St Co common
7% Jun 25
8% May 27
20
7%
6
4tt May
Co
413/a
123/4.
78
Railway
Mobile & Ohio stock tr ctls
ft
jaa
20% May 88
Mar 10
15
5%
69% May If
73
Natural Gas
Southern
Southern
=
41%
12%
78%
25
7.50
Edison
Southern Pacific Co
50% Jun 23
Mar 23
California
Southern
41%
12%
43%
23
preferred
6%
41%
12%
13%
preferred
50
5"% % conv preferred
50
Southeastern Greyhound Lines
3
South Porto Rico Sugar com—No par
15
*6%
41%
14%
5%
f
Deo
17
v
100
6%
-41%
„
26
Solvay American Corp 4% pfd_100
South Amer Gold <fc Platinum
1
South Carolina.E & G Co com_4.50
8
10% Jun
42% Jan
6%
40%
15
Socony Vacuum Oil Co Inc
43% May 24
Mar 17
6%
*77
Typewriter—No par
Smith St Corona
<
■
9
Jan
56% July
12% Mar 11
36% Mar 17
42%
July
8
17
Jan
9
May 17
45
Feb
Jun
56
Not
Jun
Apf
5
6 Vt
1,400
*6%
34%
com__20
3%% cumulative preferred—100
4.20%
preferred-:.
—100
23
jun |9
104% Jun 14 >
4 '■
5% Mar
39
22%
May
37ttMay
*
11
52
42
;
26
99% May 11
3% Jan 24
23 tt
;
55
10
Corp
55%
18 tt
100
15
(A O)
800
18
55%
13%
20
Smith
400
59
18
Smith (A) St Sons Carpet Co
19
July 9
80
9
98
3
39% Jun 18
13
Jan
Co—
14,600
25%
V
59
55%
*7%
No par
Sloss-Sheffield Steel «fc Iron
Skelly Oil
14
35% Jun
*
30% Mar 17
87
Sinclair Oil Corp
:
59%
87
,
18%
No par
No par
.
Simonds Saw St Steel
8
32'/# jun 21'
16p
Jun 21
11
Feb
23
,
M.
Jan
Fab
117%
,
Co
Simmons
'
25
40
55%
12%
Dohme common—No par
A—No par
No par
Sheaffer (W A) Pen Co
1
Shell Union Oil
15
Sheraton Corp of America1
Silver King Coalition Mines
5
May 15
*86 %
25%
*58
3,000
18 tt
*6%
$3.50 conr pref series
Shattuck .(Frank G)
7% May 18
59
110
15%
15 Va
87
24%
923/4
93%
54%
No par
Steel Corp
$9
:
153/4
♦85%
25%
400
*93
■
18%
41%
Sharpe
15
36
51 7
41
v
Sharon
7V> Jan *5
5'
27% Feb 14
18%
May
87 tt
9
11
5% Mar 17
Feb
«% Feb
,
Mar
91
59%
93%
303/4
f
55%
—1
Oil <k Oas
24%
48%
92
15%
15%;
07
31 Va
#05
92 3/4
93%
•
93%
♦86
.
46%
923/4
r
93
10,200
13,600
*54%
1
No par
preferred
84.50
10 >
78
Apr 211
15% Jan
2
13% Jun
} <
25
82
12
Shamrock
27% Jun
Deo
24 tt May
2.-
42% July
U
11
70
.
1
Jun
46%
48
15
14%
'143/i
31%
50
111%
111%
112
14%
31%
48
20%
2,900
*18 Va
6
1
Serve! Inc common
7 87 v
.
220
19%
19
19%
303/4
14 3/a
*92%
*93
X15%
15%
18%
111 %
112
14%
30%
'
91
90%
12%
91
19%
12 Va
*89%
12 3/a
12%
,90
,
19 3/a
13,000
12 3/a
17%
No par
Seeger Refrigerator Co
Beiberling Rubber Co
90
*1113/4
59%
.
5
Soagrave Corp;—
Sears Roebuck M Co
«
104
jan
36% Jun
26
26% Feb 11
17% Feb
9
l|%
94
30
14.
12%
.
26
Air IJne eora v t c—No par
preferred series A
100
Seaboard Finance Co
1
Seaboard Oil Co of Del
No par
8% May 15
Jan
40% Oct
33% Jan
*86
5%
98
93%
15%
■•aboard
0.
J
42% May 18
5
30%
Apr
May
pfd__100
common—5
3.33% enmulatlve preferred—100
7% May n
Mar 25
6
31% Feb
110
24 tt May
18
Feb
16%
cum
30
125
*95
49%
.
8,400
*122
98
.93 '
*93
28,800
124
30%
30%
92.
16 3/a
47
*95
14%
49%
15%
46%
55
,
123
112
14
16%,
46%
55
98
19%
112
(The)
Seranton Eleo Co
59% May
35% Feb 11
16%
10 tt May
Deo
101 •
20 tt
Deo
16 tt
>•
Deo
6%
ScovilJ Mfg Cp.3.65%
7
89
'
19%
5,300
15%
453/4
543/4
127
12%
12%
55%
16 tt
54%
♦95
98.
*88%
Sharet
46s/a
♦122
127
*95
No par
No par
Paper Co common
$3.40 cum preferred
62 Va Jun
10
40% July
30 tt May
11
15% Feb
10 tt
Mar
Soott
20 tt Jun
Nov
Feb
Bchgnley Distillers Corp
9
26% July
13% Feb It;
44
Feb 19
Feb
43%
„
preferred
Savage Arms Corp
15% Jun 24
87
Apr 12
13
19%
39 tt May
5%
S per share
15%
54
46%
127
July 9
t per share
46
58
45%
CLOSED
Sale# f®r
the Week
Friday
Thursday
July 8
..
J, / 10%
16.
s.
24%
'55
May
17%
'
,
Jan
93% Apr
13
81% Feb 20
,v
•
55%
INDEPENDENCE
DAY
—5
100
,_5
100
5
1.75
Co common
aeries A
pfd 4.40%
Safeway Store* common
0,
July
95
27
13% Feb
Jan
1st
EXCHANGE
100
preferred
non-cum
St Regis Paper
35% May 21
51
May 27
5
55% Mar
6%
Jun
15
8% Feb 10
Jan
Jan
49%
Deo
40%
Feb
55%
7% May
33 % May
^
5
Jan
,
91% May 20
21% Jan
2.
113
Jun 16
17% Mar 19
"
By Co oom t t c__No par
Preferred, sorles A 6% vtc
100
St Louis Southwestern Ry. Co__100
16
13% May 27
18
STOCK
1#
Had..
Joseph
t per share
...
...
St L-San F
101
13
79
98% July
26% July
Deo
80
St
6
48% May 15
139% May 28
Jan 29
12
i
Jun
67
68 tt
Dec
■
•
32% Feb
Deo
60%
Deo
47
i
11
37% Deo
May
:
65
8% Feb
9
16% July
Jan
12tt
av. May
«
61% Jun
39% Feb 94
45% Jan
Jtm
: 40
'•
t per thare
Par
*
•
Tuesday
July 6
t
snare
,
July 5
July 3
*
8 per thare
I per share
Monday
Saturday
•
EXCHANGE
PRICES
Wednesday
July 7
4
i ptr snare
LOW AND HIGH SALE
■/.v;,,;:
„
STOCK
NEW YORK
1
Highest
Lowest
*'
Lowest
stocks
.
the Week
perthare
ftkpree
T
3WV May
3% May
13 tt May
53%
Sep
10tt
Jan
Feb
14
7%
9% Mar 10
Jan
3% Feb 11
14% Mar 16
20 tt Aug
11% May 21,
5% Jun 28.
Taleott Inc
19% May 27
Tennessee
68% July
52% Feb 14
67
24
17% Feb 27
47
Feb 13,
37% Feb 10
8
9,
56% May 12
Dec
46% May
58% NQV
21% Jan
47% Dec
,Jun. 15
25% May
69% July
Texas Co
Corp
(The)
Texas
Gulf
Producing
Texas
Gulf
Sijlphur
STOCK
8
5
Telautograph Corp
EXCHANGE
25
1
*10%
5Va
DAY
•
Pacific
Land
Sub
share
ctfs
Dec
29
58%
Feb
45% Feb
48% May 13
65% May 24
Texas St
Pacific Ry Co
13% Dec
15 tt
Dec
11
20% May 24
Textron
In#
18 tt
Deo
Dec
19% Dec
21% Feb
17% Mar 27
7% Jun 28
24
12%
14 Vs Jan
8
41
Dec
59%
Feb
28
Jun
30
46% Jan
9
12
May
17%
Feb
12% Apr
15
15% May 21
5
Mar 11
May 22
$1.25
conv
common
preferred
-•/i
Glas? Mfg Co common—5
$3.40 conv preference—No par
V-
.
For
footnotes
see
page
24.
63%
64%
64%
65 Va
23%
23%
67%
663/4
No par
'
■
* ;
"
24
67%
51%
42
52%
50
42%
41%
61%
16 3/a
7%
-
293/4
30
*13%
14
•
'
24%
24%
24%
9,300
67%
67%
69%
5,700
50
51
50%
51
4,900
42%
2",400
41%
,42
-
42
•
*61%
16 7<
-
62%
61%
61%
61
62
1,000
16%
16 •'
16 Va
15%
16 Va
3,300
•19%ii
20
8%
'
67 Va
24 Va
.
-
#19%
No par
Thatcher
The Fair
13,900
64%
16 Va
500
10
1,300
I73/4'
52
100
Feb
300
I73/4
17%
42 7-v:
-
X
34%
5%
173/4
63%
.
23%
.
V
Jan
-
17%
>
Jan
300
5%
5%
18
63%
61%
10
15%
.
18
66%
*
•
Trust—
41
*5%
11
11
11
*10%
17%
No par
Pacific Coal St OH
Texas
'
5%
5%
63%
A
CLOSED
•
Texas
11
11
11%
*5%
INDEPENDENCE
•
(James)
20
19%
193/4
*193/4
8'A
8
8
f
30
*30 v-'.
303/4
30
30
7*13%
14
*13%
14
*13%
14
7%
30
;7
8
8 -k
-
100
20
Va
3,000
150
.
,
Volume'168
-Number 4715
THE
COMMERCIAL
&
FINANCIAL
CHRONICLE
(167)
-23
'
1
NEW
Range for Prerleas
V
Range sine* Jan. 1
i
YORK
Highest
8 perthare
'
9% Maj
Lowest
;
Highest
1
,
$ per thare
$
*
Feb
80 Va
Feb
Feb
40% May 11
7% Feb 19
47 V# Jan
14%
13
16%
Ve Apr
19
Jan
24%
Oct
•19
24
Jun
9
Thomas Steel
10 Va Jan
8
Thompson
(J
May 26
Thompson
Product*
10
Sep
38
1
May
Deo
16% Feb
69%
Jan
106
3% May
Mar
8
Mar 16
Apr 30
39% Feb 11
59 %
6
7V<
Feb
1% Mar 11
39%
Feb
19% Mar 16
18
May
25%
Oct
.19% Feb
84
Dee
108%
Feb
85% Jan. 2
15% May
21%
Feb
17
40 % May
10 % May
Oct
44
Jan
13 % May
22%^ Jan
20% No?
99
.
Dec
7%
Feb
112%
Feb
12%
Dec
15%
21 Va
Dec
38%
34*/. Aug
83
Dec
% Mar 16
19
July
19
Jan
23
Feb
16
36 V3 Jan
92
Jan
27
100% Jun
Jun
16
Feb
61% Feb
17%
$6
8%
41 Va
110
10%
10%
10%
11
11%
2,700
22%
22%
22
.22%
10
1,000
*9%
10%
*9'A
22 Va
10
22%
*9%
*9'A
10
55
54
54%
54%
55
55
55
91%
*91%
93
92
92
CLOSED
92%
*91%
3
22
Bearing.,L—-.No par
50
"49%
50%
12%
12%
26 Va
30 Va',
3,300
50
50%.:
2,300
13
5,900
13%
13%
'13%
19%
*18%
19%
common—1
9%
9%
9%
9%
9%
9%
par
*104Ve
104%
18Vs .19
104 Va
104%
*104%
Va
99
No par
City Rap Transit com—No
60
...1
prior preferred
con?
Coach
Co
12%
-
.
105
10
105 i.
18%
18%
21%
21
35%
35%
,,*35%
36
*98%
103
27 Va
7%
27 Va
28%
11%
11%
H%
•10%
*98% 103
28'A
11%
*7
7%
7%
'
:■
■
100
,
18%
2,800
21%
5,700
35%
1,200
.
*98%
7%
11,400
105
18%
21
1,800
19%
9%
18%.
*35%
,v
13%.,
13%
*18%
.
21%
25%
*6%
13
18%
99
'
par
12%
21
21%
330
22%
50%
50
21%'
13%
21
16,500
31 V,
104%
22'A
♦18%
Corp
100
3,300
1,100
29
104%
*
1,000
3%
29%
:
104%
12%
35%
5%
29%
104%
'22 %
22%
25%
19%
preferred.—-i-JNo par
Twin
30%
3%
13%
preferred.
I
25'A
104
.
3 Va
13%
prior
21
24%
22 Va
.
3
12%
Air Inc
$4.50
14% Jau
104
42
*18 Va
Western
conv
32% Jan
29%
30%
22%
50%
.*41%
3
24%
104%
,
$1.50
Twin
3
25
20
*104
'42
'91%
3%
'
*23%
10
*41.
,
3
St
600
8%
41%
,10%
Truax-Traer Corp !
!.!j_!;J4a par
20t.h Century Fox Film com—No par
-8% May 27
:J yer there
8%
22%
No par
,...
8%
fer
Sheret
54 Va
-
No par
com
8Va
the Week
22%
DAY
com—No par
preferred
9% Mar 16
Oct
8Va
■
Sales
July 9
*10%
INDEPENDENCE
Ax)e__————_5
Trl-Continental
5% Mar 4
Jun 17
24
9
Friday
f per there
Williams Steel—No pax
Transcont'l
11'
104
Dec
15
STOCK
EXCHANGE
100
.
Tbarsday
July 8
9 per share
4?
10%
No par
com
preferred
Roller.
Transue &
5
No?
R)
TRICKS
Wednesday
per there
*41 v.
ITransamerica Corp_j.i^-___
25% Mar 3:1
33
Corp—No par
(The)——1*
preferred
Tlmken
1
Jan
; Jan
7
8% May
$3.75
May 21
48
30
•ALK
July 7
*8%
50
Transit
Co
Tlmken Detroit
?3% Apr 11
10% May 15
105
July '9
2
preferred
Tide VVater: Associated Oil
2
27*
7
22% Mar ll "
5% Feb U
12
$3.50 cum
13% Jan
22
97% Mar
Nov
55
21'
Jun
15% Jan
]$
I per thare
per share
1
common
conv
Thompson-Gtarrett Co
15
23% May
Mar 16
12
i
6 '
104% July
10% Feb 27
Co
div
Avenue
A%"preferred.
May 15
32 Va Jun
Mar 17'
15%
14
May
B% May '
4% Jan
29
13
53%
-
$2%
Third
95% Jun 16
-Feb
RIQI
July 6
'
9
£5
May
20
Thermoid
10% May 15
SVeMaylO
.
AND
Tnetday
July 5
3
'
13%
Deo
Aug
85
LOW
*JuIy
'
$ per share
6%
45
Monday
—
RECORD
Saturday
■
'
EXCHANGE
.
'!!'
STOCK"
'
I per thare
STOCK
STOCKS
Year 1847
Lowest
YORK
103
100
*11%
7%
900
27
27
7%
27 Va
27%
350
11%
11%
11%
1,600
U
12
Dee
43
May
9 Ve May
25 Mi May
15% July
'58% Feb
15%
9% Apr 30
•45
Dec
115
Mar
Udyllte Corp (The)
Underwood Corp
2
Mar 16
59 V» Jun
15
27% Feb 11
106 "
Jan
39
43
2
Vs May 26
July 9
110
Jun
8
1
10%
10%
11
11
11
56%
57
56%
56%
56%
56%
15%
15
15%
15%
15%
15'/a
36
Union Carbide & Carbon nevr-No par
Un £1 Co of Mo pfd $4.50 s«r—No par
,
No pst
Union Asbestos St Rabbet Co
-»
Union Bag & Paper
No par
15
16 V» Jun
"
40% May 17
103
Jan
9% Mar 16
Jan
37ft Oct
12
—
35%
42 %
Va
36%
42%
42%
42%
•108%
108%
*108 Va
108%
81%
Dec
106%
Sep
91
Feb
9
98
Jun
7
83
Dec
Preferred
$3.70
series
104
Jun
No par
*97
86
Jan
6
90,
Jan
24
Preferred
$3.50
series
No par
87
87%
37%
38%
94%
95%
95
20
Apr
27
Dec
21% Feb 11
94
July 2
50 Va July
1
38Vs July
96% July
6
Union Oil of California———.31
1.
Union
51% July
8
May
3«%
Feu
31% Jan
26
41% Jun
2
16% May
25'/.
Dec
22% Feb
105% Jan
14 Va Jun
10
30%-Mfiy 19
30
102
Dec ;
15 %
110
Dec
28%
75
Dec
120%
18 M»
Sep
Sep
Apr
Apr
24% Nov
110% Jun
8
12
22
11% Mar 16
jun
35
Dec
27% Feb 20
33%
Nov
29
Dec
Dec
8'A
41
Dec
5 Va
Dec
Feb
4V'a
3
Jan
83:
Dec
46
Jan
53% Mar
5
Feb
Mar
8
May 10
2 Va Feb
40
'
55
11
Feb
13
Jab
RR
Co
com
new_50
new
50
Air
4%%
Lines
Inc
cumulative
United Board St Carton
Corp.
900
35%
4%
35%
*35 Va
36
37
200
4%
100
♦51
1
10
20
Dec
58 Va May 17
20% Feb
27
23
May 24
19 %
13% Mar 16
21 Va
May 26
United Merch & Mfrs Inc
171
Dec
13%
Dec
71%
Dec
37
Dec
196% Rfcir
33% Jan
94
Feb
170% Feb
6
11% Mar
9
53%
Feb
69% May 7
33% Feb 24
Oct
39%
Nov
26
16 Va
Jan
24%
Oct
9%
Dec
10
Apr
15% July 9
7% Mar 30
May
Dec
46%
Oct
39%
73
Feb
39
Jan
23 V. May
92
Dec
40 Va
Dec
127 Mi
Dec
179
103 % July
60%
Feb
165
Feb
Mar 16
Feb
16
Jan
13
25 Ve Feb
14
49
87
Feb
6
38% Feb
11
125% Mar 19
76
Jun
U
8% Jan
U
46 Va
2
S
U
37% May 21
U
137 Vs Jan
6
58 Ve Jun
81
66% Jan
7
72
U
1
67
Plywood
8
Dec
61% May
Feb
80
Dec
67% Mar 17
133
Dec
150
Mar
129% Mar 16
Xl7%
No?
23
Feb
17\% Feb
Dec
48%
Feb
38
38
10
Jan
2
6
Jan
8%
Oct
4% Mar 16
8
Jan
12%
Feb
8% Feb
86%
Dec
5 %
Dec
*33% Dec
16
May
4% May
20
Dec
163 M.
Dec
13 V*
16%
Dec
Deo
109% Jun
10%
Feb
93
Jan
52
Jan
29
3% Mar 17
30
22
Feb
16
11%
Feb
4
23%
IV
Mar 13
Feb
13
Mar 16
Dec
19
Feb
17
Mar
192
150
Feb
6
29% Feb
10% Mar
81%
56
Feb
Feb
4
24
83
Apr
July
U
9
S
Steel
U S
42% May 20
6% May 21
7%
$6
15
conv
Year 1947
f per thare
13% May
14% Dec
12% May
26% Deo
Highest
$ per thare
Mar
3
86
Feb
21
94
May 28
Feb
13
95
Jun
48 Ve Jun
24
85
Dec
5% May
69
May
14
Nov
107%
Dec
37% Mar 10
104% May
10% No?
87% Feb
112
93
Nov
16%
Oct
121
Feb
2
7% Mar 16
Feb
14% Jan
11
7
109
Jan
6
18
Jan
7
34%
Deo
45
Feb
35% Mar 30
31%
Dec
40
Jan
30% Feb
31
Oct
38
Feb
32
Feb
96% Apr 23
14 Va July
9
124
July 9
18% May 15
117% Jun
23
14
Jun
2
8%
*8'A
9
50%
51 Va
52
*57
58
34%
*56%
35
34%
93
48
*92
48%
129%
130
52%
*18%
42
*69%
10%
18%
*
10%
95
100
35
1,200 -i
93
1
l.ioo
132
52%
70 Va
53%
70'/a
81'A
;
139
18%
1,900
70%
81%
>
200
83
24,000
139%
18%
1,400
18%
1,400
'
42
*41
42
5 Va
5'A
*5Va
10%
10%
120
5%
10%
95
2,800
48%
47%
130
10%
*93
98
*92
1,000
100
98
5%
5%
5%
5%
5%
*29%
31%
*29%
31%
*19
19%
*18%
19%
19 Va
19 Va
*18%
19 Va
100
'8%
8%
8%
8%
8%
*8%
8%
800
Inc
.1
-
1
Inc
com
22%
Co
Co
2.50
Inc new———io
Vick Chemical Co
3.50
preferred
Victor Chemical Works
common
10
10
39% Apr
Visking Corp
preferred
(The)
Vulcan: Detinnipg. Cfa
12
*63%
64
63%
63%
63 Ve
64'A
$ per there
STOCK
EXCHANGE
CLOSED
INDEPENDENCE
DAY
ANB
XHQH
Taesdayr
SALB
•
t per there
22%
\
22%
23
Thursday
July 8
1,200
20
2,200
310
FHdey
-
Pperthere
22%
22%
13%
13%
13
25%
25%
the Week
22%
13
*25Va
Sales fee
July 9
tperthere
22%
13%
25%
13%,
♦25%
23
162'A
PRICKS
Wedaeedey
July 7
$ per there
?
July 6
25%
13
*25 Va
Sharee
23%
2,200
1,700
13%
25%
14
14%
14
14%
14 Va
14'A
24
23%
24%
14 %
14%
*92%
24%
96
*92 Va
96
*92 Va
96
96
*93%
96
*93%
96
*93%
96
5
*46 Va
47
45%
46
500
!
*90'A
93
10
!
1
46%
,
92
92
13%
13%
*119
*90JA
13
121
119
i0
17 Va
17%
115%
115%
.21
*21%
46%
46 Va
93
*90'A
13 Va
13%
119
46 Va
93
13%
13%
118
118
120
24%
14%
124
1,600
.
—
'
t
!
11,400 it
900
17%
17%
17%
17%
17%
17%
♦115%
115%
115%
115%
*115 Va
115%
*21%
22%
*21%
22%
*21 %
22%
38
♦37
38
200
32%
33%
600
37
37
37
37
37%
37%
*36%
.29
*33
34
33
33%
33%
*35%
35%
33%
36%
30%
*29%
30%
*29%
30%
*29%
32
*30
32
*30
32
*30
*14%
%
32
preferred
100
Waldorf System.!
No par
Walgreen Co common—'.——No par
210
30%
♦30%
Nov
28% Feb
19
32% Jan
5
33%
Oct
29
15
32% Jan
13
1%
S
Wabash
cumulative
——
preferred
35%
36%
36%
1,100
'
W
57
Apr
75 Va
Feb
13 Va
Apr
17%
Jan
14
29%
Apr
Feb
x30
100
Dec
Xl7% May
7% May
10%
88%
Dec
Dec
12
Dec
21
May
36%
109
July
24"%
Jan
60% Apr
6
Mar 15
15% Jan
35 Vs Jun
11
13 Mi
Feb
Feb
10% Mar 12
106 Va Mar
x83Ve Mar 12
8% Feb
11
Dec
For
104
Jun
-
8
4
27% May 21
13% Mav 24
16% July
101
Jun
9
-2
10% Feb
10
14
36% Nov
May 22
25% Feb
5
32
Jan
10
27
Jan
20 V. Jan
5
23%
Feb
17% Feb
footnotes
see
page
24.
16
"2
34% May 14
27
July
9
20% May 28
RR
4%*
....
63%
63%
15
100
101.%
101%
(Hiram) Q St W
No par
Walworth .Co.———
.—No par
Ward Baking Co common—
1
5% % preferred!——..1—,U
!100
24%
'
32%
4%
preferred...
i
.Walker
*14%
32%
32%
32%
32%
2,200
101%
101%
101%
101%
230
101
15
*14%
15
100
24%
24%
24'A
24%
12%
12%
12%
12
12%
3,500
14%
15 "
25
12 Va
Va
12
300
*63
14%
32%
24%-
24%
14%
63%
64%
32%
101.
"
12
63%
63 Va
*63
14%
,
.
32%
14
Feb
20% Feb
19%
17% May
Jan
Feb
100% Apr 29
xl8% Mar 17
19%
18%
66
14%
14%
15%
15%
16%
10,800
98
97
98
98%
99
11 Va
11%
27 Va
27%
300
X
3,000
•
Warpjr Bros; Picture*-*!.,.!;—-!i.i
Warren Foundry St Pipe
No par
Warfen Petro'eum Corp new com..3
Washington Gas Light Co
No par
Waukesha Motor Co..
8
*97-Va
98
*97 Va
Va
100
11%
11%
27%
27%
30%
31
30%
31%
30%
30 Va
30
30%
3,500
26%
26%
*26%
26%
26 Va
26%
26%
27
1,100
19% "19%
19%
19%
*19%
19%
19%
19%
•
'
?
11%
*27
11%
27%
11 'A
*27
■
11%
27%
.
::
■
24,900
22
38
.5
24%
*29%
33%
|
'4
5,500
96
20
Dee
Aug
/
,200
'
100
pfd
common
6%
11%
24 Va
preferred——100
Virginia Eiec St Pwr Co com.
Virginian Ry Co
23
162
12
*160 *
24%
*93"
preferred
100
Va-Carolina Chemical com—_No par
$5 preferred
Va Iron Coal St Coke 4%
23
164
12
i
*92%
cumulative
rartic
I per there
:
July S
22%
*161
12
5,300
100
Vlcks Shreve &c Pacific Ry com—100
non-cum
■eaday
July 3
23
164
11%
64%
*63'A
Saturday
~
22%
12%
164
12
LOW
STOCK
23
.
*160
100
YORK
5%
8%
1
Vertlentes-Camaguey Sugar Co—6%
30
?
100 :i
700
"
139%
*41
5%
10%
97
80%
18%
47%
*
58
34%
52 Va
139
42
*5%
r
58
*92
■*
130'/a
52
71
58
34%
93
47%
129%
'
31%
fl?
SO
Apr
*8%
50%
5%
38% May 11
34% May 3
26
8%
50%
7C0
•29%
prefsrrsd
div
17,400
31
EXCHANGE
6%
100
16%
5%
Pictures Co
NIW
3Va%
29%
15%
*29%
——
5%
6%
*28%
preferred——50
Universal Leaf Tobacco com.No
par
8%
preferred
_100
4
6 Va
29 Va
17%
Paper Inc common—3
Raalte
86
6%?!;
6%
16%
*92
5%
♦95
200
1,000
8%
Va
18%
10%
t
-M'*
*28%
50
42%
2d
non-c
37
6%
52%
5 Va
37
WJ
72
17%
*69%
18 Va
.!•»!!_!■:
"
13
13'A
*70
29%
81 Va
*
900
6 Va
139%
Norman
Feb
37%
80 Va
Van
Jan
*36%
179
100
17%
53
*41%
*176%
'•'*
13'/a
50
%
110
72
139%
l
13%
38 Va
71
-
%
*70
81%
Van
No?
53
109%
V176% 179
.
13%
4,400
i
22 v*
*28%
'
130
*68%
179
72
38
49
48%
130
>
*70
139%
Vanadium Corp of America—No par
84%
*13
•
80%
15% May 17
26% May 21
15% May 21
29% Jan
6
84
*176%
57%
*57
31
,*21%
i
7,700
loo
109 Va
139 %
24% May 21
No?
109 %
51
_25
8
No?
109 Va
8%
*8'A
50
Corp
23% Jun
85%
109 %
38
*50
100
10
22
21 Va
\
;
30
100
29%
100
21%
93
12% Feb 13
21% Feb' 16
Feb
17a
29%
*98%
21%
35
14% Feb
50%
♦176'A
35
Feb
39
110
*92
Feb
2
"
30 Ve
100
**21%
100
Universal Laboratories
84
35% May
110
29%
*98Va
22%
1
18%
12% Jan
30%
100
*21'A
20
22
Jan
8,600
30 lA
STOCK!
20%
1,300
17
No par
11
Rang* since Jan. 1
Highest
I per thare
< per there
22
16%
6%
preferred
conv
Lowest
53%
21%
17 Va
No par
com
10% Jun
V.*>
52 Vs
22 Va
16%
17%
Universal-Cvclops Steel Corp
4
53%
22
17%
29%
com
17
May 20
52%
22
17
6%
preferred
Jun
70
53%
21%
17
10
20
Universal
53%
22
*98%
lo
21
May 22
15% May 21
54'A
100
Jan
170
400
,
pfd—5
preferred——No par
cum
45%
17%
A
34
4%
45 Va
29%
common
common
Co
Stockyards
United Wail
45
22
SO
United Stores $4.20
Range for Prevloui
Lowest
1st
non-cum
United
12% May 26
9
98% Jun
45
38
common
Corp
44%
i3i%
preferred
Tobacco
44%
72'
preferred
i%
8
6% Jun
Co
45%
xl63A
20
series
20
1,800
—Id
Smelting Ref St Mln
7%
24
19% Jan
Corp
prd
non-cum
U 8
21
140% Jun
cum
Rubber
13
41% Jan
S
77 %
25%
*13
preferred——!.
500
76%
25
_1
A
1,300
7
7
79 Va
25
No par
common
class
16,900
46 V*
45%
7
'i
3%
24%
*70
common
46 Va
7
*77
9,600
52%!
3%
25%
8
S
3% %
49% May 15
51% July
Co
conv
46%
7%
79%
4%
4%
*51
3%
25%
No par
No par
Chemicals
46%
7%
•77
4%
52'A
3%
25%
100
Pipe St Foundry
U 8 Playing Card Ce
7
38% May
St
4 Va %
May 21
July 9
May
Leather
Partic
U S Lines Co
9% May 20
58
Industrial
46 Va
7Va
79%
4%
*51
3%
500
53 V*
1
Corp
4%
52%
3%
•35%:
*44%
100
Machine
preferred
36
25%
No par
common.-—
46%
TVb
♦77
No par
—si
♦51
3%
1
100
No par
preferred..-
Hoffman
S
U
8
94
1st
'4 % %
7
Jan
21 % Jan
S
com
Foreign Securities
Freight Co
Gypsum Co
7% preferred
9
53
S
U S
4
42% Jan
&
$4.50
U
2
Jun
36
S
9
17% May 14
5 Va Mar 15
9%
33
U
32% May 15
24 % May 15
9
113% Jun
5% May
25% Jan
46%
United Dyewpod Corp common
T/c preferred
United Electric Coal Cos
4%
53
3%
5
4 Feb
Jun
1,000
!
*35 Va
48
101
8,?00
21 Va
20%
12%
59% July
24 V* Jan
11
15
80
20%
34%
Jan
11
14%
*77 Va
15'A
81
20%
33%
5
United Eng'neering & Foundry
5
United Fruit Co
No par
United Gas Improvement Co
13%
20
14%
♦78
20%
300
12%
3
Feb
15%
81
!
•700
7,000
13'A
11
15% Feb
20%
109%
34
46% Jun
92 Va Feb
14%
•78%
*109 Va
1,900
'v
33%
28 Va Jun
89
15
81
20%
29%
109%
♦109
40%
29%
13
$3.50 convertible preferred
22,
Oct
109%
51%
40%
29%
13%
44%
.
15
109
51
41
33%
United Corp common
$3 preference
May 27
Feb
51%
*13'A
13
Jan
51
,51%
r
60
United-Carr Fastener Corp___No
par
United Cig-Whelan Stores com—30c
47% May 20
20%
4,400
•33 %
5
107%
95%
13%
21
106
95%
33%
16% Feb
Dec
95%
33%
37 Va Jan
12% May
May
95%
■
?13%
Jan
86
95%
50
"
-10
Co
43%
91
22,500
109
4Va Feb 26
27
38%
*108%
61 Va Mar 17
16% Feb
38
—10C
Oct
Oct
38 Va
29%
Feb
23%
38%
*40%
Jan
13*/. May
38%
X37%
30 Va
19%
Feb
87%
40%
10%
12 % May
97 Va
*86 Va
29%
95
9
"95 riv
—No par
United Carbon
3% May 15
'82 Va Apr
97
87%
40%
20%
280
96%
*86%
51
♦78%
2,500
23,200
43
108 Va
99
40%
10
36%
42%
108
:
800
87
51%
No par
36
y
42%
900
1,400
/
87
30
common
15 Va
*97
29%
preferred_w_100
Biscuit Co
36
11%
58
15%
108 Va
40%
Dec
11 Mi May
33
May
63 %
42%
8
common
convertible preferred-
United
51
35%
108
No par
Car
AirrrVt Corp
United
22
Jan 29,
15% Jm
2
35% May 21
36: ' July
7.
4%. May 15
Jan
Jan
2%
5%
90 Va Mar 22
19
28%
3%
2
77% Jan
26%
60
Preferred
Union Tan*
United
3
19% Apr
6
Pacific
99
36%
11
57%
.
8,400
300
I
24
*
Highest
80
•%
Jan
21* Jan
2
Wayne
Knitting Mills
S
Feb
21* July
1
30% Jan
2
Wayne
Pump
1
*23
41
Jan
5
52*
Nov
10
Feb
11
65
13
86* Jan
39 ;
21* May
34*
80* Feb
Jan
131/2 Feb
Deo
Jaa
Jan
112*
Not
103*
Deo
112*
106*
Deo
19% July
13
xl 13*
6%
23
Oct
38% Feb
100* Feb
25
2
10* May 18
34* Feb
14
46* May 20
Western
16* July
7% Mar 17
Dec
28 % Feb
64
9
36* May 21
11
Mar
15
72% Jan
5
18% Feb
a 26* Sep
38* Oct
May
36% July
22* Mar 12
Feb
Mar
90
11
26
May 19
32* Feb
13
Deo
25* Feb
11
39%. Jun 14
33* Jun
9
Ai Aug
106*" July
85* Feb
11
95% Apr
23
91* Feb.11
101* Jun
11
Jan
29* Feb
43* Dec
34* Feb
57* Jun
16
98* Jun
31
t'
105
Deo
Nor
-
65
16
102* July
|
40% Jun
16
85
Jan
9,
02* Mar
76
Dec
80
Jan
5
111,, Jun 11
21
May
53*
Oct
37
Mar 16
55* Jun 24
•0
*
Dee
101% Mar
83
Mar 18
; Feb
23
Feb
26* May
,
<
r
34
19* May A
29%
Feb
0* May &
17%
Feb
Feb
90
A 90
July
10* May
34
01*
Sep
9
Feb
Feb
30
-.
Oct
81 A Mar'
'
00*
Jun
<
99;
10*
20
Nov
,
19
Deo
Oct
130
11* Dee
>. 15
May
15
Not
126-
145* May
V35
Dec
=
28'
Mar IB
Jan
18
*138
Feb
8,
100
Feb
U
Dee
80
Feb
58
SB.
NOT
70% Mar
•
May
94%
Apr
81* Feb
10-5
110*
111*
105
*20*
84
9'
Jan
May 17
94
* May 21'
68
60* Mar 19
July
9
11% Jun
21
Jan
27* Feb 21
34% Jan
2
Feb
10% Feb
16* May 24
83* AUf
10* May
46
16*
37*
8
Feb
Mar
27
J
60* Mar
38* Mar 13
14* May
03* May
23%
Oct
15* Feb
21
•3
Oct
185% Feb
27
May 25
July 9
86"% July 9
IS
11%
Feb
14* Mar 16
4% ft
>xl9% May 27
26
19% Feb
July
10%
asked
11
5% Mar 16
Jan
prices;
no
48
23
Corn
35%
cum
Zenith
Radio
Zontte
Product!
sales on this day.
Corp
Corp
UEx
tin receivership.
—
Week Ended July 9,1948
Shares
Saturday—
Monday
Tuesday
945,080
r
1
Friday
999,150
1,371,650
| Total
4,232,050
Thursday
916,170
86
26*
22%
900
94*
130
54* r"
53*
54%
86
86%
26
*25%
;
22%
11,400
i
117
3,080
\
113
109
17*
11
10%
103/4
10*
10%,
60
60
61%
,.*60%
*86
163%
i
61 %
16%
153%
16%.
125
37
22*
22%
75%
75%
76
87.
88*
88%
*
/
♦73
210
140
75
73
73
70
1,300
67*
66*
67*
67*
67*
67*
68
103%
10*
10%
*10*
10*
10*
10*
31'*
*31
31*
*31
31*
31*
15%
*15*
15%
47*
*47
48*
22
22*
22%
22*
22*
84%
85%
84%
84%
84 J/4
85%
18*
18*
18%
18%
18%
18'%
31%
32%
32%
32%
32*
33%
5'/a
5%
5%
5*
5%
5*
800
31*
700
15%
15
15'A
1,400
48%
15%
*47
*47
48*
100
i 8'%
23
1,700
86%
6,400
18%
1,500
34%
22%
10.
a
Deferred delivery, r Cash cale. s Special Sales, wd When
34
14,100
5*
1,000
*5%
distributed. x Ex-dlvldend.
Transactions at the New York Curb Exchange
Daily, Weekly and Yearly
Stockt
Bonds (Par Value)
Foreign
of
Week Ended July 9,
Domestic
Share)
1948
253,130
237,185
285,035
330,410
——
Thursday
-
-
Friday
-
$149,000
123,000
171,000
229,000
1,105,760
—
-
Wednesday
,
Government
—
Tuesday
Foreign
Corporate
Total
Closed
—Holiday$18,000
$672,000
$167,000
$2,000
125,000
5,000
176,000
11,000
12,000
252,000
$29,000
$19,000
$720,000
$15,107,800
9
1948
1947
Jan. 1 to July 9
1948
1947
1947
174,292,507
$2,421,500
42,285,715
1,105,760
1,586,185
43,899,239
$672,000
$1,905,000
84,000
$30,223,000
$37,914,000
29,000
5,284,000
3,361,000
19,000
Stocks—No. of shares
134,991,930
$571,500
$205,000
2,600
88*
*4
$3,520,000
3,563,800
3,733,000
4,291,000
Jan. 1 to July
6,097,789
22*
,77
88*
*76
77
88*
47*
Sales
1948
$18,000
5,600
21%
29,000
1,174,000
301,000
$36,681,000
$41,576,000
Bonds
Bonds
O. B. Government.
200
48%
22*
22'%
*73
Monday
4,232,050
■Cocks—No. of shares
37*
15%
•
1947
100
8,800
.
131
31
Bonds
July 9
1948
200
16%
163%
400
4,200
48*
37
Week Ended July 9
Week Ended
„
16%,
73*
Total
-
.,*16*
10%
Bond
$18,000
*
153%
86*
73*
Government
$40,000
63
,.
15%
86*"
67
.No par
1
$18,000
8,200
63
...
,
>48*.
88*
75
11%
37
'
*76 r
76
88'%.
1
1,000
*128
48*
22*
22*
22
,
; 131
*125
36*
48%
48 *<
48*
87./.-
y 16*
"16* ,16 3%
37
♦36*
'
47%
»■
17
10%
-
*16 *
.
131
*125
131
*36
163%
V 16%
16%
15%
87 X
*16*•
,
62'%*
15%
89
15%
,
---
"
*86
.16 *>
16*
30%
*293/4
30%
(Number
$22,000
18,000
113
,
16%
15%
_
International Bank
Foreign.—
Railroad A Industrial
Total
Domestic
Foreign government
3,248,000
40,000
1,186,500
1,142~500
13,863,300
16,836,000
562,683,100
39,157,900
506,296,100
49,665,180
$616,167,780
$18,183,500
$15,107,800
Foreign corporate
$720,000
Total.
$547,875,500
Stock and Bond Averages
Below
listed
are
the daily closing averages
of representative
the New York Stock Exchange as
on
stocks and bonds
Co.
compiled by Dow, Jones &
-Bonda-
-Stocks-
10
10
July
-
3
5—
ties
roads
trials
Date—
Util-
Rail-
Indus-
July
IB
20
30
Closed
Total
85
Btocks
10
Indus-
trials
Grade
Ralls
Second
Grade
Rails
Total
19
>40
Utlllties
Bonds
100.03
Closed
—:
-Holiday-
-Holiday
—
First
35.61
71.25
100.95
102.66
63.89
92.13
6
190.55
104.38
July
35.58
71.03
100.98
102.63
99.97
63.70
92.00
7—
190.06
104.28
July
35.69
71.33
101.18
102.55
100.00
64.04
91.88
8
190.58
104.38
July
35.75
71.78
101.09
102.64
64.76
92.15
9
191.62
104.16
July
-
i
•
100.01
j
2.100
22
*293/4
89
200
23
21%
17'%
153/4
}
i
140
23
30%
v
•»
i
223/4
21%
22 *
—
2,700
263%
v
22*
110 r,
—.
°
863/4
17*
*29%
30%
111
*109
110
26
,
.
t
86- '
23 -•
20%
47*
94'%
.
523/8
26'%
23'%
♦107
47*
94*
w
'
200
373%
47*
*109
112
i
20
200
98*
,
37%
37*
47*
26%
21
*97
X94'%
95*
543/4
86*".
107
v
v
93
*92
*38%
47
54*
"
98
'98 %
-
30*
,.
93
*92
37%
-
30%
30*
'
...
98%
•109
...
Total
$1,186,500
$13,863,300
Wednesday
12,500
v
•
17
- a
;
$352,000
246,500
250,000
338,000
$3,168,000
3,295,300
3,447,000
3,953,000
—_
30%
31.'
,93
98'%
38%
38
38
V:
103/4
United Statet
Closed
Holiday
:
—.
38*
38*
4,200
3,800
17
Bonds
-Bonds
Bonds
23*
35% •35 3/4
86'%
*29%
Bank
Foreign
Number of and Miscel,
:&U-
74%
22*
93
112
20%
S
72*
22*
95*
107
?
500
36
72*
22*
47
22%
1,400
35%
*71*
30*
•;
•:
3.800
22*
95%
86'*
36%
72*
47
*25
600
21,000
16* ;A
333%
X.
35*
373/4
54%
41%
153/4
33
A
500
223%
♦37
54
41%
.y
.15%
;
90
V:
8%
35*
46%
Int'l
Railroad
15%
33
38
109
41*
41*
34%
400
109
8%
8%
*8*
42
98*
*95 J*
liquidating dividend paid May
$40
Daily, Weekly and Yearly I 5
•
8%
15%
38
Transactions at the New York Stock Exchange
Stocks,
109
93
*97
No par
Youngstown Sheet it Tube—No par
Toungstown Steel Door
JRopar
9
109
1,900
-
*71*
30%
A.
93
Young Spring <Si Wire
6% May 19
34% July
*108
100
i;
49%
109
450
21%
•.«•••
38
37%
SB
1
68
preferred
104%
21
*49
34
22%*".'
22%
—
Mfg Co
104%
50
413%
35%
.72'A
*71*
188
common
105
*104%
21%
34
No par
Towne
*
110*
50
'A-- -:15'/8
16
90
108
110
20%
42*
15%
32%
% ft series.——108
Prior pfd 4*ft conv eerlee—10ft
Wright Aeronautical
No par
Wrigley (Wm) Jr (Del)
Re par
Wyandotte Worsted Co
—8
York
108
111*
50
8%
*41%
Prior pfd 4
Tale
107*
HQ
130
20%
8%
—19
.18
(new)
117*
*107
8%
30
50
117*
117*
50
109
11,700
112
*111%
Ill
.
250
6,200
107*
105
*104%
21
.-No par
—1ft
8
(F W) Co.
Common
4
9
11%
and
107
111*
-
Worthington P & M (Del)
/ Dee
•Bid
-
Woodward Iron Co
25% May 15
14
M
14* May
0* Jun
106*
-18
El Purr Oo oommon—18
Woolworth
14
43* Feb 11
Feb
63
—
Co—
preferred
6ft
Jan 13
49% Jun
74%'May 5
81 i' Feb >16
May
117*
No par
preference
Oil
Wisconsin
10
Jun
37% May 27
S
Deo
v
111 *
117*
"50
Wilson-Jones Co
10
Feb
70
Dee
112
107
19'
Mar 30
17% May 17
20* Apr
11
19%
*116*
Willys-Overland ■ Meters aem——i*<.
94.50 conv pfd series A-—Re par
Wilson A Co Inc com
—Re par
$4.25 preferred ———Re pa*
May 27
12
65% May 15:
91
11
81* Mar 25
Jan
=
Deo
10
12% Feb
Co
preference—
conv
Prior
19*
20%
1
10
preferred
Wilcox
19%
"104%
88* Jan 21'
-
'
10* May
$4
9
23
Jun
-
U9 *
19
*111
Wheeling.& L Erie Ry com-—-188
Wheeling Steel Corp com
No par
$5 conv prior pref
_No par
White Dental Mfg (The S S)
20
White Motor Co
1
White Sewing Machine com
1
19% Jun 21
■4:6% Mar 17
Oct
17
:
117 ";:: July
6
11
64*
13*
•* May i
<
Feb
27* Feb 26
Feb
12* Deo
A
f * May
5
7
24% May 26
22% July 8
19v* Feb 11
9% Feb 27
$ 04
Jan
27% Jan
92
20
23
117
clasa A-Nopar
Westinghouse Air Brake
No par
Westinghouse Electric com
12*
3*% cum pfd series A
100
3.80ft cum pfd series B
100
Weston Elec Instrument
12.80
Westvaco Chlorine Prod—
Common
—No par
83.75
22%
112
Western Union Teleg
14
'
Supply
Auto
84
22*
111
Maryland Ry com—;—100
4ft non-cum 2nd pfd
100
Western Pacific RR com
No par
Preferred series A
100
9
62%
83%
21%
19
Western
32%
27* May
22* May
May
12* Deo
6% Jan
Jan
Dec
42*
Deo
Dee
10
Jan
9*
61%
21%
19*
21%
106*
109
Western Air Lines Inc
10*
9% May
94*
15
61%
84* : 84*
117
ft
West Va Pulp & Paper com—No pat
4*% preferred
108
110* Jun 14
61*
84*
21%
Coke
&
1,400
6*
62*
112 ,\
108
Coal
Va
75*
;
May
Deo
pfd
preferred series B
4.20 %
West
1
51% Jun
14
Jan
6* May
00
18
21* July
700
*6
84*
19 %
600
6%
6
6
100
18%
23*
23 *
6
thara
ptrthara
*13%
62
63*^
84
:10ft
108
I
18%
23*
23
*84
62*
DAY
3
the Week
,
—
West Penn Power 4% ft
9
Jun
47
36* May
17
Jun
107
20
105 V2 Feb
113
Deo >
OS
113
30
16* Apr
16*
11
104% Jun
32* May
r.,„
preferred
preferred
7%
108 * Jan
15
103* Mar 29
116* Aug
4
119* Jun 22
Apr
23*
21*
conv
Bales far
July 9
*18%
18*
231/4
6*
6*
INDEPENDENCE
STOCK
CLOSED
preferred
No par
West Indies Sugar Corp
1
West Penn Elec Co (The) —No par
Clasa A
-Nn par
$4
1
-Jun
114
104 % Mar 16
117* Mar
121*
.
EXCHANGE
No par
Wesson Oil & Snowdr com
2
26% May 21
3
19% Mar
8
Inc
Tobacco
Webster
6% May 24
Jun 30
? Feb
12*
*
18*
Friday
July 8
I perthara
I per thara
18%
*18'A
Thursday
1
Iv
23*
16
Co
July 7
/>
perthara
f
% Mar
Feb
4
f per thara
17
90
106
July 5
t par thara
thara
Tuesday
July 6
July 3
EXCHANGE
BALE PRICES
Wednesday
AND mas
LOW
Feb
83% May
100
Monday k
26*
Dee
37*
I per
f per share
f per thara
Sep
Dee
10
Saturday
8TOCK
YORK
NEW
Range slnee Jan. 1
Lowest
Highest
Tear 1947
I per share
RECORD
STOCKS
Range for Previous
Lowest
STOCK
YORK
NEW
1948
Monday, July 12,
& FINANCIAL CHRONICLE
THE .COMMERCIAL
(168)
$2,018,000
'r
J
Volume-168
Number - 4715
-
THE
8tFINANCIAL CHRONICLE
COMMERCIAL
Bond Record
(169)
New York Stock
«»
FRIDAY
WEEKLY
-
Exchange
YEARLY
•
^ "©TICl-jMflw «*• "and tatereaf'-wapt
'
fwMnaoraa and defaulted- %ond».-< Cash and daferrtHl dallvary mIm m diitifuM to tht
wi thi nl; transactions tf
-Od-WdsbjMid-whan- outaid# ,of tha regnlar vsaklyrange are shoaii in a footnote in tha waab In/which they occur. No account is taksa of naniw in computing the rang* far the year.
^flto* itallo l*Warsinth«oolumnbeedad *TntereatPerlodMlndicate In each ca»eth#mon|hwhaathebond«m*ture.
;
**«
.
...
• *,.,•
'
after dedaal fiM mmMl wt h ■«•
FolnL.--%..\.
»
v•
■i-
Iur« for Previous
Year 1947
v
-
LovmI
GOVERNMENT BONDS
v
Highest
vB*nf* efaioo JaB.'l
Levari
' >•
Highest
i
104.11
Sop
100.0
Do«
108.11
Feb'
NEW
111.21
114.1
107.20 Mar 10
Treasury
Treasury
Treasury
Treasury
Treasury
108.28 Mar 10
108.28 May 17
100.12 July
109.16
jijXt
May
104.11
100.00 Mar 10
Feb
112.0
Sep
106.11 July
Doo
Fob
Do*
104.14 July
Fob
102.21 Fob
miiFob
104.24 July
101.11 Jaa
7
a
1*1.11 Job
7
104.14 8ep
104.22
Feb
101.19 Jun
14
101.19 Jun
14
101.27
Deo
104.18
Apr
100.X4 Mar 1J
100.8* Jam
7
101.20
Doo
104.4
Jon
100.13 Jau 28
100.M Apr
2
101.24
Deo
104.10 May
101.24
Dec
104.15
101.7
May 19
101.12 Jun
1
101
Deo
Mar 12
100.37 May 21
Jun
103.20 Apr
105.17 Jun
100.8
105.17
102.26 May 25
102.26 May 25
100.7
Deo
103.19
100.8
100.23 Jun
Apr
Apr
Jan
6
Deo
105.18
Sep
_
102.6
Sep
102.24 May
100
Mar
4
100.4
May
108
Dee
102.24 May
100
Mar
s
100.8
Feb
loa.ia
Apr
Deo
102.12
a
3
101.10 Apr
May
July
102.23
Dec
102.25
Apr
101.30
Apr
103.1
Deo
103.2
Jan
101.28 July
103.4
101.13 Mar 22
Apr
101.23
July
103.4
100.16
10T.8
Oct
101.14 Apr
100.11
Apr
16
May"n
101.15
JulTT
101.26 May 18
101.15
100.16
1949-195*
i
1951-1955
i
;
,
•
•:
2%s
1956-1959
■
Thursday
•'.-/Friday - •
July 8
July V -- ;-v
Low
tHifh »
Lev
.
'
103.5
•103.2
103.5
♦103
103.3
♦103
105.26
♦105.21
10524
♦105.20
105.23
♦105.20
108.18
♦108.12
♦108.10
108.16
tbe Weeb
'.Lev**. Hlfb >*
*105.23
108.14
105.23
*108.10
108.14
•104.20
104.23
♦104.18
104.21
*104.18
104.21
f.W&.V
-
104.24
109.8
•109
109.4
*108.30
109.2
♦108.30
109.2
♦109.16
CLOSED
May~II
Apr~14
(•)
103.3
•104.21
DAY
?!
Bales fee
■
July!)
Hlfb
•103.2
.
.
INDEPENDENCE *108.14
STOCK
EXCHANGE
Hlfb
Low
Hlfb
■
1951-1954
I
July 5 *
Lev
i
1955-1960
27/»s
2%s
>
:: t
Hlfb
•
109.14
*109.10
109.14
109.20
*109.12
109.16
♦109.10
2%s_.
1960-1965
•109.24
109.28
•109.18
109.22
♦109.16
109.20
*109.16
109.20
2%s__
:
1948
*100.9
100.11
*100.9
100.11
*100.9
100.11
*100.8
100.10
2%s__
1949-1953
•102.4
102.7 '
♦102.3
102.6
*102.3
102.6
*102.3
102.6
2%s_.
.—...—1950-1952
*103.4
103.7
2y2s__
1952-1954
*103.10
103.12
*103.08
103.10
*103.8
103.10
*103.8
103.10
2%s__
1956-1958
•103.25
103.27
*103.23
103.25
*103.25
103.27
*103.28
103.30
1962-1967
•101.17
101.19
*101.14
101,16
*101.15
101.17
*101.15
2%s__
1958-1963
2%s__
—
103.6
*103.3
*103.2
103.5
*103.2
103.5
101.17
1963-1968
*101.4
101.6
♦101.2
101.4
*101.2
101.4
*101.2
101.4
2%s_
..Jun
1964-1969
•100.26
100.28
*100.25
100.27
*100.25
100.27
*100.25
100.27
2%s_
_Dec
1964- 1969
•100.25
100.27
*100.24
100.26
*100.24
100.26
*100.24
100.26
_1965- 1970
•100.24
100.26
*100.24
100.26
*100.24
100.26
*100.24
100.26
-1966- 1971
•100.19
100.21
*100.18
100.20
*100.18
100.20
*100.18
100.20
2%s„
2%s_.
2y2s__
i] ]
..Jun
•100.9
100.11
*100.8
100.10
100.8
100.8
*100.8
100.10
1967- 1972
•101.30
102
♦101.25
101.27
*101.28
101.30
*101.31
1967- 1972
•100.9
100.11
♦100.8
100.10
*100.8
100.10
*100.8
100.10
1951- 1953
•103.19
103.22
♦103.18
103.21
*103.18
103.21
*103.18
103.21
1952- 1955
*102.15
102.17
♦102.12
102.14
*102.13
102.15
*102.12
102.14
105.4
*104.30
105:2
ill
102.1
_Dec
2%s_
2%s__
2y4s__
1967- 1972
._Sep
2%s_,
2%s_
v
2,000
*104.28 105
1954- 1958
•105.2
105.6
1956- 1959
2%s__
2y4s__
*105
•102.6
102.8
*102.4
102.6
*102.6
102.8
*102.9
102.11
•100
100.2
♦100
100.2
*100
100.2
*100
100.2
2%s_
_Jun
1959- 1962
2%S_
._Dec
1959- 1962
*100
100.2
♦100
100.2
100
*100
2s
._Dec
1948- 1950
•100.16
100.18
♦100.16
100.18
*100.16
100.18
*100.16
100.18
-Jun
1949- 1951
•100.25
100.27s
♦100.25
100.27
♦100.24
100.26
*100.24
100.26
2s__.
-Sep
1949- 1951
*100.29
100.31
*100.29
100.31
*100.29
100.31
2s
-Dec
1949- 1951
*101.2
101.4
♦101.2
101.4
*101.1
101.3
*101.1
101.3
-Mar 1950- 1952
•101.4
101.6
♦101.4
101.6
*101.4
101.6
*101.4
101.6
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
11
Apr
101.20
1
July 3
Low
July 6-tV
BALI FKICE8
id Wo«aoo«ay>
Tassday i1
■>
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
Apr
102.6
STOCK
3%s
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
10
101.7
101.13
MenAay
f
■■■-
AND HIGH
LOW
Betarday
3s
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
Jby
104.12
YORK
EXCHANGE
Fob
100.4
109.10
'
*
i." v-^
-
-
\ lk"»
>
:;!fj-/;VoFigoreo
25
2s
-Sep
•101.8
*101.8
101.10
*101.8
101.10
101.19
2s—
2s
101
•100.30
100
100.2
■
16,000
a
1950-1952
101.10
♦101.7
101.9
2s
1951-1953
•101.19
101.21
*101.16
101.18
*101.17
101.19
*101.17
2s
1951-1955
♦101.19
101.21
*101.18
101.20
*101.19
101.21
*101.19
101.19
*101.18
101.20
*101.18
101.20
101.21
2s
-Jun
1952-1954
•101.20
101.22
♦101.17
2s
-Dec
1952-1954
♦101.21
101.23
*101.18
101.20
*101.19
101.21
*101.19
101.21
-1953-1955
•103.14
103.18
*103.12
103.16
*103.12
103.16
*103.12
103.16
1950
•100.10
100.12
*100.9
100.11
*100.10
100.12
*100.10
100.12
2s
l%s_.
International Bank for
88
Deo
102
85
Deo
103.4
•Bid
and
94.10 Jan
aiked price.
1ft
15
Reconstruction & Development
10-year 2%s
1957
98.30 May 17
94.14 Jan
July
July
99.30 May 17
No sales transacted this day.
25-year 3s
a Odd
Friday
BONDS
Nsv Verb
Stock
Interest
Last
Feried
Exchange
Bale Fries
lot
York
r
97.8
97.8
98.16
98.10
or
Friday's
Sold
High
No.
Range Sines
January 1
Low
City
•ii&frF*.-.'.
bonds
*
Jtev York Bttik Extbaknib-*-*
.1980
J-D
104 %
21
Registered
100%
103II
BnteFriM
Firiri
21,000
98.16
19,000
•r
High
107
107
Scriea
No.
14
J-D
Seriea
No.
15
J-D
3%a
Series
No.
16
J-D
53%
__
Bond*
Friday's
Bid A Asked
Low
3%a
103 32 104,",
Last &
iBtWMrt
3%a
Corporate Stock
97.16
*98.10
Waab'a Bang*
Friday
Bonds
Bid A Asked
*97.8
98.10
97.8
98.16
Registered bond transaction.
Tran/Ut Unification Issue—
3%
97.16
98.16
Week's Range
Low
New
transaction,
97.8
*97.8
*98.10
1972
Bang* Btvaa
Bold
■
AJaaaary 1
Mo.
Low
5
High
81%
53%
*53%
53%
__
82
61%
10
54% V
High
60%
60
.60
No.
17
J-D
53 %
53 %
3%a
Seriea
No.
18
J-D
*53%
55
47%
60%
3%a
Series
No.
19
J-D
♦53%
55
44
60
3%e
Series
No.
20
.J-D
No.
21
J-D
3%«
Series
3%t
Series
Series
No.
22
3%s
Series
No.
23
Seriea
No.
24
Seriea
—
—
60
51%
60
60
51%
60
*53%
—
55
47%
60%
54%
61
*58%
--
J-D
25
No.
—
62
57
*53%.
J-D
3%a
f
*53%
Series
No.
26
J-D
*56
60
Series
No.
27
J-D
*56
Series
No.
28__—^
J-D
*56' :
3%a
Telephone
Members New York Stock Exchange
REctor 2-2300
120
NY
No.
No.
AGtd
sink
Akershus
fund
6s
(King of
lAAntioquia
lAExternal
series
7s
M-8
F-A
100% 101
1960
A-O
103%
J-J
103%
f
s
s
f 7s
sec
AExternal
sec
AAntwerp
36%
31%
40
*36%
37%
31
40
*36%
37
31%
40%
A 6s
1957
*36%
37%
AExtl
A-0
7s 2d
series„1957
A-0
1958
5s of '25.1955
J-D
J-J
1956
f
90
7
31%
40%
36%
9
31%
40%
96
7
73
99
97
102
101
101%
98%
89%
89%
8
87%
92 %
2
85
89%
86%
2
85%
92
85
85
10
83%
91%
54
99%
104%
100 Vb
100% 100%
J-J
107
107
J-D
1941
j-D
93
87
F-A
1955
8s
87%
86%
m-S
1955
external
12
86%
86%
1949
7s
(U S of)
127
90
1962
6Vis
6s
s
J-D
J-D
101%
J-D
1-967
1966
___
F-A
38%
36
36
95%
36 Vb
31%
36
A-O
series__1957
f
108
108% 108%
56
56
-
56
.
4
106%
109
5
107%
114%
1
50%
Stamped pursuant to Plan A
(Int reduced to 3.5%)
AExternal s f 6 Vis of 1926
A-0
1957
A-O
1979
J-D
42%
42%
57
42%
42 %
43
7
37%
49%
57
U
50%
62%
43
23
37%
AExternal
s
1957
A-0
50
A-0
42%
42%
42%
1
37%
49%
1952
J-D
57
57
57
2
54
to
3.5%)
J-D
41%
41%
41V*
14
38
49
A-0
41%
41%
41%
37%
49%
58
49
"
48%
bonds
of
1944
1979
(Plan B)—
3%s
Series
No.
1
J-D
3%s
Series
No.
2
J-D
3%s
Series
No.
3
3%s
Series
No.
4
J-D
3%s
Series
No.
5
J-D
3%s
Series
No.
6
3%s
Series
No.
7
J-D
3%s
Series
No.
8
J-D
J-D
J-D
-
105,,
103% 104%
23
103%
105
27
27
AChile
6%s
_
_
6%s
A6%s assented
A-O
1963
Jf-N
M-N
—==
1957
J-D
1961
27
27
27%
J-D
26%
_
_
A7a assented
A-O
A-O
1962
Jf-N
18%
8
19
26%
1960
—
MS
MS
26%
1951
J-D
27%
20%
-
27%
18%
27%
22%
28
19% f
27%
-T-
27%
21 %
28
2
18%
27%
15
27%
-
20
27
23%
18
17
27
20 %
__
26%
27
19
--
,
27
18%
27
19%
7
27
*27%
26%
28
18%
1
27%
*27'%
27
28%
20%
*27%
M-N
1960
sink fund 6s
J-D
1961
1962
A6s assented
A6s assented
27%
*27%
1961
6s_.
26%,
*27%
26%
1961
_
AGuaranteed sink fund
28
28
19%
27%
*28%
•
J-D
1957
Mortgage Bank
A6%s assented
19%
18%
—
*28%
1963
6s__
27%
A-O
1962
A6s assented
3
—
*28%
M-3
MS
1962
27%
16
28
27%
♦23%
27
39%
22%
18%
5
27%
27
27%
J-J
39%
—-
19
23
.Sep 1961
AExternal sinking fund
--
*28%
28
18
27
19
27%
18
27
18
9
27
AChlnese
(Hukuang
Ry)
5s
_
—
*5
1
26%
27
17%
26%
7%
—
—
—
61
funding bonds of 1931 due__1951
Stamped pursuant to Plan A
External $
103%
.Sep 1961
6s
_
A6s assented
AGuaranteed
F-A
102
101%
39
*28%
j-j
Jan 1961
sinking fund 6s__
fund
28
27
F-A
Jan 1961
f 6s
sinking fund
ASlnking
A-O
A-O
.Feb 1961
assented
assented
1960
1960
6s
assented
AExternal
27
.Feb 1961
fund 6s~
___
sinking fund
A6s
M-N
94
99
103% 104%
*38
——
94%
4
61
55%
64
8%
(Int reduced to 3.375%)
_
J-J
M -N
101%
2
98%
61%
*57
Stamped pursuant to Plan A
(Int reduced
7s
60
59
62%
1979
1978
Stamped pursuant to Plan A
(Int reduced to 3.375%)
A7a (Central Ry)__
48
49%
Stamped pursuant to Plan A
to 3.375%).
f 6Vis of 1927
f
AChllean Cons Munic 7s
1978
(Int reduced
62
assented
ARy external s
A6s
__
s
1954
1942
1942
8s_
External
A6a assented
AExtl
J-J
36%
1961
(City)
AExternal sinking
J-J
1957
External
92%
40%
J -J
20-year 3Vis
lABrazil
65%
31%
1945
10-year 3%s
20-year 3%s
f
65
75
37
1945
(Commonw'lth)
10-year 3%s
s
60
75
*36%
4s
3%s
(Rep)
SA7s
1945
external 5s__
External
75
64
C
Australia
15-year 3%s
Belgium external
*61
J-J
f 7s 3rd
s
s
(City)
Jlf-3
1945
60%
series D
f 7s
(Dominion of)
98%
58
62%
—
*98% 104
J-D
1st series.
s
lAExternal
AExternal
A-O
1968
B
series
7s
lAExternal
AExtemal
4s
coll 7s A
f
s
1948
Norway)
(Dept)
60
55
1950
25-year
*61
'
1958
lAChile
F-A
*53%
1957
(qty) a f 5s
ACarlabad
1947
—
Sinking fund gold 5s
Foreign Govt. A Municipal
6s
J-D
60
60
54%
■
':'r—
Sinking fund gold 6s
1-1693
Agricultural Mtge Bank (Colombia)—
fund
*56
J-D
30
Canada
i AGtd sink
1
29
Series
Brisbane
Teletype
Broadway, New York
Series
3%a
——
60%
48
65
59%
3%s
Wertheim & Co.
60
58
3%a
3%a
r
.
60
*53%
J-D
3%a
1
53%
*53%
«...
J-D
3%a
Foreign Securities
53%
53%
58
*53%
*53%
56%
46%
61
57%
57%
51
61
58
48
60%
*53%
54%
54%
3%a
Series
No.
9
J-D
3%a
Series
No.
10
J-D
♦53%
54%
56
52
63
56
64%
65
54
65
49%
60
FOREIGN
SECURITIES
FIRM TRADING MARKETS
(-.am. marks i pa inc.
foreign securities specialists
62%
52
53
54%
*55%
For Financial Institutions
3%s
Series
No.
11
J-D
54%
3%s
Series
No.
12
J-D
*53%
57
48
3%s
Series
No.
13
*56
59%
58%
St., New York 4, N. Y.
Teletype NY 1-971
58%
J-D
50 Broad
Telephone IlAnover 2-0050
59
For footnotes see page
54%
29.
■\
26
(170)
(THE COMMERCIAL & FINANCIAL CHRONICLE
New
York
RANGE
Friday
Interest
Last
New York Stock Exchange
•
Period
Bale Price
Colombia
A6s
(Republic
of
A 6s
1927
of
3s external
A-0
...
Jan 1961
f $ bonds
s
A-O
1947
Copenhagen (City) 5s_
25-year gold 4'/as..
Rica
(Rep
(Republic of)
Cuba
J-D
-J
to
6%)
extended
tci
:
EI
Salvador
t 4s extl
1,1976
-
>
*70%
83
53
18
f
s
1%
2
48%
68
36
59
90
70%
13
54%
82
48%
1977
j-j
1977
j-j
~~1947
3%
101
2%s
104
8 Va
13
5 Va
2
96 %
6%
50
31
Stamped
17%
42
12
19%
Atlanta
26%
5
18%
277/a
1st
9
20%
34
9%
37%
m-n
•
27%
8
j-j
37
•;% 3 Via 8 f
Municipal
Oslo
(City)
extl
15%
8
*6%
j-j
7
6%
14%
18
30%
*23%
25%
19%
*—.
32
30
ms
M* 23 %
25
90%
91
67,
89
V
32
7a*
V-D
A-O
%
A-O
i970
f 5s
f-a
1957
sink fund 4Vis
•H'
-
76
75%
P-'
1953
W
67%
66%
73%
73%
80
S3
vs.
Ext
?;
ref 3Vis
sec
1963
lAPernambuco (State of) 7s____
>
Stamped pursuant to Plan A
(Rep of)
external
A
Nat loan extl
ANat loan exll
lAPoland
f
s
ser
92
AStabilization
gold 6s__
f
s
Stamped pursuant to Plan
Stamped
pursuant
Grande do Sul
;? Ia88
extl
loan
Stamped
*
;
external
j-j
of
sink
j-j
ASao Paulo
of
34%
37%
A-O
1968
♦34
26
f
m-m
A 8s
secured
ASilesia
A4Vis
B
(Prov
sec
2004
29
7
27
extl
22
2
22
26%
22
7s
A-O
2001
*22%
1
101
104
104%
104 Va 104%
11
103%
105
105'/a
105 Va 105%
7
98%
105%
J-J
49%
49
J-J
32%
32%
33 Vi
37
15%
36%
J-J
99 Vi
99'%
25
97%
100%
50
117
25
52%
A-O
91%
91
91%
39
82
94
A-O
94%
94
95
75
86
98
J-D
68%
67%
63%
46
58 Va
70%
M-3
68 %
66%
68 %
35
57%
70 Va
Af-3
68
67 Ve
63%
77
57
70
J-D
77%
76
77 Va
32
67 %
78 '4
May
55%
53%
55%
501
45 Va
55%
M-N
83%
88 %
89 3 i
23
CO <rH ev
91%
J-J
1 1995
80%
80%
81
6
70%
81
83
83
1
77'%
86
Va—
——1980
5%
ser
A
•
cont int)—1980
4s
D
ser
1985
1
J.J
96
J-J
96
1951
A-O
1960
A-O
1961
M-B
1951
3 Vis
2%s debs
C'orp—
2%s ser I
2%s ser J
mtge
&
Loan
J-J
1951
1st
Maine
96
95%
96 %
1
88%
88%
121%
121% 121%
*96
100%
119
5
96 "2
95%
96%
100 %
70
123
94%
—
M-N
—1976
_1967
to
96
97'/a
99%
96
—
.
100
88 Va
88
6
'
88
*101
100
101
*83%
102%
90%
—
J-J
86%
85 Va
86%
67
72%
86%
56 %
55%
56%
28
50
60%
F-A
25%
A-O
25%
1
19
102 %
102
F-A
50
102
*102
98
M-S
27
102%
__
...
98
98
1
92
99
J-J
89
89
5
86%
93 Va
M-N
1976
—
modified (interest
May 1 1947) due
97%
97%
15
95 Va
100
at
--1957
M-B
1st
4s—;—:—*1952
A-O
5s"_
Terminal
12
•
M-N
Bristol-Myers Co 3s Debs
1968
Bklyn Union El lSt'gold 5s———1950
Bklyn Union Gas 4s '.debentures—_1969.
27/aS
83
A-O
1960
Consolidated
98%
*98% 100
M-N
1961
July 1970
>-.1954
mtge
98%
—
M-S
—1955
series RR
4s
98 %
RR—
series AC—:
5s
mtge
Gen
96
*99%
J-J
,.1970
AInc mtge 4Vis ser A
ABreda (Ernesto) Co 7s
1-'-.—_1955
66%
66%
667/a
16
59
*101 % 102
J-J
32
25
27%
25
251%
28
28
1
24
1
m-b
18
91%
24
68 V3
100'/»
"9
91%
88 Va
102
j-j
*34
\
*38%
j-j
96
31
..
35
35
27
j-j
A-O
27
Vi
ARcf
87
'—1956 '
1951
73
38
40
100%
110
113'/a
113 Va 113%
15
111%
114%
107%
107% 107%
8
109%
109% 109%
2
108%
109%
11214 112%
2
111%
113%
F-A
1U%
111% 111%
M-S
/
106%
106% 107
109%
3
110%
112%
31
106%
107%
95%
64
82%
10
97 V4
108%
93%
M-S
107
*64%
J-D
A-O
/
107%
107% 107%
95
J.-J
58%
102% 103
F-A
*
J-D
103'%
--
100 Va
99
100
__
—
78%
80%
82%
82%
....
85
82%
60
63 Va
84
75%
—
F-A
67%
100%
3
♦lOO'/a
"F-A
■
&
Gen
mtge
4 V2S
ser
35%
89
78
Genera) 4s__—
A4s
registered—,
Central
New
-
,
v
7
6
*8%
VA
7
11
18
4%
,3%
7%
7%
19
7
13%
j*6%
8
.5
..9%
*86%
90
85
.
90%
1st & ref series *A
,
1st
5s
mtge}3%s
stamp
ser
6%
13%
13%
14 Va
289
6%
71
71
71
3s.'
10
78%
1
59
59%
82
36
36%
78 %
May
59%
J-D
'81 %
J-J
A-O
..
74%
J-J
Q-J
64
..
70%
73%
J-J
71
62%
.
'
A-O
102% 102
36%
107'/a
176
35%
74
102% 102%
.
107
37%
32'/a
73%
32'/a
63 Ve
.
1974
102%
60 Va
82
18%
8
63%
y-A
7 8 Va
55'%
221
74%
64
14%
14'/a
71%
52
.
75
Q-J
.
77
...
3
*107%
.
71
25
81%
May
t
•
81
79
3
14
102 Va
103%
96%
102%
20
101%
104 '/a
14
U
97 Va
29%
103
;:
'
{VA % ; to Aug> 1:1949f——*!*-1974
IA Central RR
39%
96
1987
Central Pacific 1st ref gtd' gold 4s_1949
Jf-lf
175
14%
4--1987
!
%——
York' Power
75%
14
—1987
-+--4
A5s registered!A
?
74%
14 Va
J-J
t
1 2020
B w i—Jan 1 2020
money gold
1st gold 5s
puy
75'/a
A-O
mtge 4%s ser A w 1„Jan
4s__1951
§ A Mobile Div
1946
Central Illinois Light 3V2S_*____—1966
SACentral of N J gen gold 5s——1987
41
M-N
A-O
—,_1959
_1959
Gen
34
67
5%s series' B
5s series C—r
1st mtge 4s ser A w i—*—*____j-1995
83%
87
♦71
4%'S—1
gold 4V2S—*
gen
25%
A-O
J-D
102%
12
F-A
(1947 issue)„_:—_1960
46
26
*30
A-O
page 29.
"3%s debs
gen
32
—1978
J-D
103%
:109 Va
J-D
,
U^P. ist gold, 4s_—_i948 :
^Central of Georgia Ry—
■',«
§Aist mtge 5s/%i_2***v-a-!—Nov' 1945
§4Consol gold 5s„—*1945 J
ARef &
27
A
J-J
mm_
109..
A-O
gold 5s—-—**—1970
gold 4%s
1955 /
Carthage & Adironack Ry—
"\.1st mtge gtd 4s_——.—
1981
Celanese Cbrp 3s- debs_.
—**_1965
Celotex Corp 3%s- debs——'—I960
39
31
35
*32
1957
99
99 Va
,
*102% 105%
109
j-J
Pac
AChatt Div
.j-j
M-B
*99% 104
107
A-O
Ry 4% deb stk perpetual.—
Carolina Clinchfiield & Ohio 4s_*„ 1965
27
36
__
*34
2004
_1958
Guaranteed
'
Guaranteed
31%
105
National- Ry—
Guaranteed
28
22
29
A
2012
25,:
J-D
M-N
■'
gtd 5s A—1962
gold" 4 %s———1957 '
Guaranteed gold 5s->_—__j._Oct 1969
31
*105 V2 107 %
'
j-j
M-f
cons
A Cent Branch
j-j
-
18
29
;
1999
a-o
Guaranteed
27
33%
*29
tt-ir
1936
Canadian
25
24%
39
1957
1950
1st' 3s__—*J976
Calif/Oregon Power 3 '/as.1974
34
22%
--
*23
25
2012
1999
Bush Term Bldgs" 5s gtd——*__1960
Can
m-n
1958
see
M
Guaranteed gold
j-d
m-b
>1962
3Vis
1st
31
—
j-d
1953
1962
extl
Council
For footnotes
27%
(Kingdom)—
external
of)
25
1940
assented
Sydney County
9
....
2004
1952
7s
Croats & Slovenes
series
26
1968
(Int reduced to 3.5%)
A 7s
37%
29
j-d
1956
Stamped pursuant to Plan
Serbs
2
25%
j-d
1966
loan
AI
ref
Canada Southern
2012
(Int reduced to 2%)
103% 103%
M-S
California Elec Power
1999
2.25%)
113
27%
22%
Plan A
to Plan
to
124
106%
Steel
mtge
Bush
18
loan
pursuant
115%
10
113
fixed
1st mtge 5s series II
1st mtge 4%s series JJ
34%
22%
A-O
i
to
29
113
J-D
..July 1973
West
Extension
mtge
3%
27
33
22%
f-a
1946
__
122% 122%
M-N
_due Mar 1 1996
4s—
Stamped
23
—
81
100
1952
Buffalo Niagara El 1st mtge 2%s„1975
Buffalo Rochester & Pgh Ry—
27%
32'/a
1926
8s
reduced
8
27
24%
Stamped pursuant to Plan A
lASecured
33
27
26%
(Int reduced to 2.5%)
dollar
28
9%
35%
Stamped pursuant to Plan A
A6s extl
—
13
30%
to Plan A
6Vis
(City)
water
—
24%
7
6%
33
30%
(Int reduced to 2.5%)
A8s external
extl
1
9%
*23%
Stamped pursuant to Plan A
(Int reduced to 2 %)
Paulo (State) 8s
Stamped pursuant to Plan A
(Int
7
5%
F-A
lASan
Stamped
8
33
'
A-O
fund
Stamped pursuant
A 78
1
—
(Int reduced to 2.375%)
A6Vis extl secured a f_—
-•
*23
A-O
—-1
,
2012
1921
loan
(City of)
*23 Va
1
9%
11
7%
33
j.j
196V stmp pursuant to Plan A
(Int reduced to 2.25%)
ARome
17
17
*8%
1953
pursuant to Plan A
reduced to 2.25%)
(Int
17
17
j-d
fltamoed
7s
~9%
2001
(Int reduced to 2%)—
.
17%
1%
11
103 Va
96
—
194s
Telephone of Pa 5s series C
1st
17
*9
j-j
gold
Stamped pursuant to Plan A
A7s
14%
(State of)—
pursuant
external
14%
A
(Int reduced to 2.5%)_
A 6s
17%
1
14
~9%
100 Vi
77
97 %
1968
stamped
Cons
18
1961
(Int reduced to 2%)
Rio
ref
Boston
16 V8
Plan A
to
27
16
A-O
1946
>:
21 %
*7%
&
Creek
Cons
16
1963
(Int reduced to
2.375%)
AExternal sec 6Vis
32
16
A-O
Plan A
to
106
32
—
23
93% '
.
Cincinnati division
lien
Bethlehem
102
32
102%
^.1948
1„.due Dec
Beneficial Indus
16
1968
(Int reduced to
2.375%)
2001
1906 stmp pursuant to
Plan A
(Int reduced to
2.25%)
2008
lARio de Janeiro
(City of) 8s
pursuant
95
16
1947
7 Vis
Stamped
93
80%
16
A-O
_1963
income——..—Feb 1 2010
4s,.series
1st
4s
16
1950
A4Vis assented
External sink fund gold 8s
A4 Vis assented
APorto Alegre (City of) 8s
80%
'
—
J_
conv
Toledo
Bell
9
85
*21%
A-O
A
1
85%
122%
99%
116%
101
Ry—
(4%
(3Vi T^tfxd & 1%%
Con
16
_1940
7s
gen
R?f
93
j-d
1958
loan
M-N
91%
106 %
41
Bangor & Aroostook RR—
92
69
A-O
1961
A-O
1 1995
*80
»
—
97%
-
S'westerii div 1st mtge
94%
93 Va
ms
1st ser—^_1960
6s 2d
*
ms
1959
A4Vis assented
■
-
f 6s
s
(Rep of)
*81
*102
m-b
2008
7s
85%
j-d
m-b
1947
(Int reduced to
2.125%)
,
0;APeru
Jf-lf
1994
1967
:_1995
4si_^_July
B
ser
Pgh Lake Erie &
Beech
series B
102% 102%
contingent int) _LJuly 1975
mtge 5% 12% fixed
contingent Interest)—
3%
A4Vis
Panama
(Republic)—
A
stamped assented 5s
Stamp mod 3 Vis ext to
102%
93%
109
1964
cons
A——
ser
5%
Series
.
95%
73
2
34
539
102 V2
Ref & gen mtge 6%*
(2%3> fixed
and 3% % contingent interest)—
97%
3
80
90 Vi
A-O
Series G—dUc Dec 1 1995
Series K„—.due Mar 1 2000
24%
,
68%
•'
80
101%
34
102
unified?4%s
1%
and
32
22
76
273
95% 96%
114% 115 Va
■
97%
98 Vi
85%
94%
102 Va
.
90%
92%
10
114%
Q-J
4sr*-i:i.u_*^*L'_--July
mtge
Ref &
22Vte/25 '
.*71
93%
78%
103%
65
J-D
A-O
Series M
jf-a
1963
external-
91
26
96
-
99
85%
114
A-O
1966
Charlotte Air Line
mtge 4s
and
31
ms
ms
Jf-lf
1st
li
39%
A-O
107% 108 Va
107%
94 '
85
B
VA
12%
25%
1965
91 Va
mortgage 3%s-i*i^i._
1st
9%
25
1957
96%
90%
5s*^:_>_
Baltimore & Ohio RR—
13
8
*15
*11%
12%
9
*~
„1956
&
General
8V4
2008
loan
s
10 V*
m-B
4 Vis
Bank extl
22
*10
Plan A
Norway (Kingdom of) 4Vis
sink fund
14
*—
25
94%
95 %
18
j-j
2008
(Int reduced to 2.125%)
Netherlands1 (Kingdom) 3%s
4s
13%
1959
(Int reduced to 2.12
5%)
ASec external s f 6Vis
fund
10
j-j
a-o
93%
90%
100
7%
13 Vi
*8
j-j
93%
96 £
J-J
9 Va
7
11%
13%
F-A
A-O
Atlantic & Danville Ry 1st 4s_
Second mortgage - 4s_
Atlantic. Refining •2%'»- debs*
13%
j-j
Stamped pursuant to Plan A
sink
9
—
—
I AAssenting 4s of 1910
_1945
Ass'td to Nov. 5,
1942, agree_1963
IA Treasury 6s of 1913
assent
1933
AAss'td to Nov. 5,
1942, agree_1963
A Milan
(City of) 6Vis
1952
Minas Geraes
(State)—
ASec .external s f 6Vis
1958
pursuant to
♦6
j-d
178
4s*'*i_»_»_July 1995
Co
Atlantic Coast-1st
9%
31%
--
*8
j-j
96%
Atchison Topeka & Santa Fc—
General 4s—:*>>—
16%
1968
95%
1969
22
26%
1942, agree
96%
debentures,-:-*:;—:
23%
22
17
Ass'td to Nov. 5,
1942, agree_1963
AAssenting 4s of 1904
1954
Ass'td to Nov. 5,
M-S
97
1962
13%
26%
q-j
q-j
75
28
82
—
__1957
12
j-j
1945
10
.J-D
j-j
1899—
78% "
debentures-^—-,
1st gold
107%
78
Amer Tobacco Co deb 3s__i_i
Products
104%
103%
78
J-D
Ann Arbor
100%
J-D
'A-O
conv:
19 %
__
107%
94%
1961
3s
29
v107
10
—1982
2%s
8%
100%
*25
*103%
107
86%
—1987
13
*6%
7
98%
debbntures_>—
23
27
11
5
6%
98%
2%s
10%
78
6%
1986
17
*36 Va
27%
7
"84%
debentures—
conv
A P W
27
90
25
—1980
18%
j-d
70
—
14
*100 Va
-
16%
j-d
92
A-O
2%srdebentures——v.
7%
a-o
80
1966
debentures-—
debentures
1954
11
86%'
A-O
debentures—
2%s
,—1951
83
74
*9
M-N
Foreign Pow deb 53—,__>2030
American Telephone & Telegraph Co—.
2%s
7s__1957
74
M-S
debs->_
2%s
—
85
G
1975
3s
48%
—
73%
76%
82%
*24%
"
„
J-J
&
1977
1943
Airlines
44
10
*25%
73
1956
18%
17
121
37
4s__.1998
Alleghany & Western 1st gtd
Allis-Chalmers Mfg 2s debs___
^1959
Ass'td to Nov 5,
1942, agree_1968
extl 5s of 1899 £—1945
Stamped
&
33
9%
.
3'As—.1967
mtge 3%s____ 1972
Susquehanna RR 4%s__1975
44 Vi
*58
76%
75
*67 '/a
—
A-O
1st
43%
100% 100%
100%
18%
m-b
SAMexico (US)
External
Power
Albany
68
9Va
F-A
m-n
58
__
1
*72
J-J»
1952
:
Southern
20
*101%
76
RAILROAD AND INDUSTRIAL COMPANIES
7s
Great
43%
*5
7s___
-
Alabama
95
76i/4
*41%
a-o
lA4Vis assented
of
assented
AAdriatic Electric Co
70
Mexican Irrigation—
IA Assenting 5s
F-A
A4VaS
110 L
22
M-jf
I960
Altaly (Kingdom of) 7s_
AJugloslavla (State Mtge Bk)
Medellin (Colombia) 6Vis
•
;
.—1958
external
110'/a
35
__
118
110%
,
to
F-A
Amer
j- J
I960
l-3s
Credit Consortium for
Public Works 1% to 3%„
IA 78 series B__—
Italian Public Utility—
A-O
1958
(City)
Alabama
■
117
•
.60
84%
*67%
J-J
__1968
f 5s___
s
extl
82
101%
69%
M-S
—>11964
(Republic)
Credit Institute
A External
7s
j-j
1967
paid—
Free State extl
F-A
—
_
76%
118
74%
76
76%
A Warsaw
V
79
53
.
—
53
83
2
J-D
4-4Vi-4%s extl readjustment.
.—1984
3%s extl readjustment
A Venetian Provinces 7s~____!
1952
10211
112
69 Vi
M-B
1978
_
1978
100
—-
|
High
124
121
130
1979
conversion j.;.
External
.
3%-4Va-4^s extl conv
108%
69
53
-13%
Low
*110
M-B
'•
82
53%
*110%
<•
j-j
1949
Italian
*
101
*120
January 1
No.
124
1979
44
44
102%
115
A-O
7s_—
Helsingfors (City) ext 6%S-.._
-
8
10':
M-B
M-B
Range Since
Sold
*110
42%
American
part paid—
Italian
F-A
—Jan 1, 1976
—Jan 1,1976
s f $——
AEstonia (Republic
of)
French Republic extl 7s
Greek Government—
Irish
53
1962
Jan
s f $
A 7s part
A 6s
15%
F-A
Bonds
High
n—
(Republic of)—
3s extl
-
15%
*110
A-0
—1955
f
s
3Vis extl
/
71%
*100
v
45
58
20
Bid & Asked
.—I960
73%
41%
:V,:42:v,Z
V 1
Week's Range
or Friday's
Saie Price
Low
75
42%
76
A-O
1942
mm
*102% 102%
>
J-J
1960
:
Last
Period
Exchange
*1964
70
38
l
8
Vi
Interest
BONDS'
York* Slock
New
High
70
70%
15%
V-D
.
{ADenmark 20-year exll 6s
■
External gold 5 Vis
External gold 4Vis
2
71%
71%
F-A
1977
__i
71
751/4
M-N
Sinking fund 5ViS—
——1953
A
Czechoslovakia (Rep of) 8s ser A_1951
ASinking fund 8s series B
1952
Stamped assented (int reduced
Low
*38
757/a
M-3
1949
»
.*—1946
39%
42
M-N
of) 7s
—1951
5s of 1914—1949
External loan 4Vis
4Vis external debt
No.
*41 Vi
F-A
1952
JULY
Range Since
January I
Sold
70 Vi
39%
M-N
1953
ENDED
Friday
Bonds
39 Va
A-O
JASinking fund 7s of 1926—,—1946
8 A Sinking fund 7s of 1927
1947
High
70 Vi
j.j
1970
Bank 6%s
A Costa
Friday's
Low
Oct 1961
lAColombia Mtge
or
Bid & Asked
of)—
1928
REcofto
bond
WEEK
Week's Range
BONDS
I
FOR
Monday, July 12, 1948
f-a
F-A
Bi*i—!*i.!iil*1968
Banking Co
(partial redemption)—1942
104
.
104
-
v
-
'
——
*
,
Champion Paper/fx, Fibre deb 3s___1965
*97% 102
'
M-N
j-j
36 %
«
O O xU CD"
36'%
101
~
;
i
v
96
39%
100%
,
,
Volume 168
Number
4715
THE
COMMERCIAL
NEW
&
YORK
BOND
RANGE FOR
Friday
BONDS
New
York
Stock
Interest
Exchange
Period
Chesapeake & Ohio Ry—
General gold 4'As
Last
or
Sale Price
Friday's
—1992
impt mtge 3'As D
Ref &
impt M 3'As series E
A
&
Div
l£t
2d consol gold 4s
.
M-N
100%?
F-A
101'A
1989
j.j
1989
—,
4s
1st
&
ref
1st <te
ref
>■
AGen
1st
mtge 3%s~,•
mtge 2%s
&
Eastern
inc
mtge
mtge
3%s
111
J-j
1985
F-A
99%
F-A
97%
j-j
47
5s„
.,1997
B__J—
1985
1982
j-j
inc
mtge 4'As__—Jan 1 2038
Ind & Louisville Ry—
Alsfc mtge 4s itic ser A-i.—Jfari 1983
A 2d
mtge 4'As inc ser A
Jan 2003
" J-J
' ~ j-j
Chicago Ind & Sou 50-year 4s
Chic
Milw
1st
St
mtge
Paul
4s
mtge 4'As
4'As
conv
inc
&
Pac
1956
_1994
B__
1st
mtge 3s
Apr
'
1989
&
New
*
'
*
108
sdr
5s
Apr
69
Firestone Tire & Rub 3s deb
7'ii %
71%
80
^Florida
:
:i-
Income 2%-4'As
Chicago Union Station—
Apr
87 %
79'A
55%
66
54%
55
39'A
89'A
ser
:
J-D
I
58'A
42
87%
144
101%
71'A
88
M-S
105
1969
gold
General
Ref &
Cin
St
5s
Louis
St
i.^1993,
Wab
Mich
&
1st
Div
1st 4s____1991
coll
Cleveland Elec Ilium
J-J
trust 4a
3s_/I.i—11970
1st
mortgage 3s
Cleveland &. Pittsburgh RR—
Series C 3'As gtd
J-J
1982
M-N
Series'D 3'AS gtd_—_A_———„1950
Cleve Short Line lst gtd 4'As____1961,
Union
lst mtge
1st nitge
Terminals
5'As series A^-__
5s series B——
4'As
3'As
Gas
&
Elec
A-O
1972
A-O
__1973
A-O
—1980
M-N
debentures
A-O
Columbus, & H V 1st extl, gold 4s—1948
Sou
Ohio
&
Tol
lst
El
Commonwealth Edison
lst mtge
3'As
extl
1970
4s
1977
59 'A
70
84%
55
f 33As A
1961
ref
1965
Cigar Corp 3'As
101%
mtge 2%s
A
ser
10
14
103%
Consumers
Natural
107'A
Continental
Steel
5 A Cuba
97%
17
96%
1
Delaware.^ Lack
'NY
Lack
lst &
100% 101%
5s
M-S
J-D
i
93
-
1
12
43
104
J-J
51
98%
101%
33'A
100%
108%
107
101%
105%
107%
95
95
6t
99
J-D
35
A-O
98%
97 %
II
3
1973
94'A
M-N
111
106
32'A
36%
37
fixed
1
,u
contingent J;4nt) •f
Denver & Salt Lake—
,
„
2%s
««,'«» mm -» to.—
V
-
.
fixed
1993
*87
102% 102%
*—"•105."
101
91'A
91%
68'A
70'A
v93
y /< 51'A
81'A
81%
21
66%
82%
108'A 108'A
103'A 104
;v4
107%
110%
28
102%
H—
I
80
M-S
1970
J-D
MS'
_^___1982
96'A
J-D
._--._-l.1995
*73%
J-D
,
-*65'/e
'' M-N
I06 "
:
96%
~
72
165 Vi
18
96
68%
81
,V
J-J
M-N
98
96
105%
104%
63
64%
57%
68
25
27%
17%
27'A
97%
95
98%
1955
v-
100
100% 102/
102%
M-N
102% 102%
1951
3s
F-A
J-D
J-J
*104%
*100 i
j-j
*102
"
89
88'A
89%
98
105%
101%
95
102%
108%
89%
77
104 %
100
97
99% 102 /,
103
F-A
*99% 100%
j-j
*99%
1951
J-J
*101
1951
3%s
99% 103%
104'/8
1951-
3s^
;;
102%
105% 106
1966
\
98%
103
J-J
*100'/4
..1951
97
100
100
97
95%
101%
F-A
and Chic
St
L
*102% 105
102
*100%
101
101
O—
& N
1963
-
•
-
-
J-D
^_1970
-
-
J-J
ser
;
D__
111 & Iowa
lst
5s: series
J-D
series
B
97%
99
88%
90%
92%
81
%
100'A
93%
88%
87%
100% 100% |
77
95
101
]
106
102
*81
*101
J-D
*86%
102
;
.
85%
90
85%
67%
52'A
67%
43%
,
^.1952;
j-j
July 1952
66%
A-O
38
38'A
20
•
J-J
61%
63
48%
-
j-j
62%
62%
50
62%
A-O
66'A
66%
60
66%
i._1956
;___„
92 %
J-J
1986
A
98%
J-D
gold 4s____1950
i___;
6s
-
102!
F-A
Adjustment
'
103%
70
103 V.„ 103%
104'A 104 'A
*101
1950
._1963
4'As
-
•
1st 4s__.
1959
u-n
*98
J-D
80'A
'*-«
J-J
48 V
48'A
38
Duquesne
F-A
98'A
98%
2%s
1977
& Ga Div 1st 5s
1956
gold 5s
1970
El Paso & S'western lst 5s'^____i^_1965
5s. stamped
29.
*111
J-J
M-S
.
,
A-O
A-O '
page
r
'M-N
.
1995
Elgin Joliet & East Ry3'A$—<
lst gtd gold 4S—1990
*97
A-O
.
-
101
99
63
102
81
75%
83
98%
95%
98%
*__
95
*__
j-d
•
100
94%
98%
A-O
•
102%
102% 102%
A-O
•
103%
103
A-O
103%
102'/8
98
100%
103
96% 104%
97%
99
100 Va
110%
99
j-j
*11
*102
j
__
'
—1961
;
i__—1961
unguaranteed
i
1961
-
J-J
-
-
J-J
-
1959
A-O
98%
*112% 113
98
A-O
i.
49%
*98
J-J
-
____1997
^.1964
*11
"J-J
114%
M-B
102% 102%
1%
97
98%
112% H2y8
,
97%
98
169
176
98
*175
102%
50
44
1%
99%
103'A
1%
1
98%
49%
Lautaro Nitratb
100%
Jf-B
102
109% 111
J-D
96%
J-D
*90
Dm
89%
A-O
111*
88%
95
«2%^;6Os:
90
83%
62
60
95%
Co Ltd-t
A 1st mtge income regi
1975
Lehigh Coal & Navigation Co—
^
»
6 F mtge 3%'s ser A
—.1970
/
96%
*95% 100%
98
Lehigh Valley Coal Co—
-—
156%
—
1041/*. 104% 104'A
*104'A
•
t
Laclede Gas Light 4'As coriV debs
1963
Lake Sh & Mich Sou gold 3%3—199T'
3'As registered'
—^.1997
' 98'A
"
1953
Kings County El.L & P 6s
Koppers Co lstimtge 3s
XAKreuger & Toll 5s ctfs
84'A
96%
see
27'A
88*
>
75
97%:
footnotes
4s
:
Plain f-t
106%
86
For
64'A
96
104 Va 104%
58y# v68":
i96
',97%
cons
*
96%
127%
94%
97%
95
95
A-O
127
98'A
*84'A
1st
J-D
u-n
'F-A
94%
119 %
95%
*__
"Jf-B
103%
Kentucky & Indiana Term 4%si._196l
93
M-S
(NY)
97%
104'A
18
J-J
Ed El 111
93%
♦—
A-O
104'/4
Kansas City Power & Light 2%S__1970
Kansas City Southern Ry lst 3s
1950
70'A
-
debs__iii^___l961
East Tenn-Va
66%
97%
65%
M-If
"
1952
y :1st mtge 4s ser A
i^_J___j__l975
Kansas City Terminal Ry 2%s
1974
Kentucky Central gold 4s___
i.11987;
J-J
RR 2%s ser B__1976
Co
56%
1962
3'As
43As
Kanawha & Mich
103
t§ ADul So Shore & Atl gold 5s____1937
Light
65%
Jersey Central Pow & Lt 27/0S____197A
Apr
.
4y2S_Li___J_196l
■
80
99%
64'A
Apr
87"
-
ASecond gold 4s—
'Detroit Term &£ Tunnel
Chemical 2.35s
92'A
t>
Stamped.
gold 4s___1995
Det Tol & Ironton
68"%
*_.
James Frankl & Clear
-
J-J
.
1993
lien
Dow
80
99 'A
A 1st gold 5s series C
u.^1956
SAInternat Hydro-Elec deb 6s_i
1944
Int Rys Cent Amer lst 5s B_,
^1972
.
int)
series
lst
161%
93
80
99
96%
:
3'As series G_____^1966
Mack
11%
" "A-O
*125
102
89
1
mtge ser A (4'A 7o :■-v; »
contingent irit)
,:__^i__,__2018
ref
6'/a
100% 102%
" * J-J
.
J-J
100
95
AIncome
&
*100% 101%
9%
82
99'A
IJf-jD
&
W
9'A
J-J
103'%
A-O
Gen
*102 »/4
1970.
103%
1973
Detroit
63
,•
A-O
._1963
A 1st
37%
34'A
96
Cent
A
65'A
series
63
:
lines
A lst 6s series A
65%
ref 3s
72
2044
flnternational Great Northern RR—
42%
54%
Edison
95%
♦64
*100% 101%
Indianapolis Union Ry Co—
Ref & Imp 2%s ser C^
84
65
&
74/
91%
*101 y
Louis Div & Term gold
Gold
3'As_;
Indiana
55%
37%
64'A
Gen
92%
82
162
Illinois Terminal Ry 4's ser A_-
94
65
Detroit
99%
*98
82%
95
1st ref mtge 4s
101%
AT-N
(3%
*
88
*79%
1st ref 5s.series A^___;
lst & ref 4'As series C
110
100'A
54
mtge
•
91
*93'A
97%
Joint
103%
80%
1993
__
contingent
•
103% 103%
103'A
*100'A 100'A
M-N
96%
100
33%
4
98%
*11-
•*. A-O
97
101%
101'A
J-J
j-d
90
99%
95'A
>
91
Feb
Registered
2042
1%
*97%
*94
1999
Western Lines lst gold 4s
80'A
35
1978
92%
89
Income
123%
117%
RR—
Springfield Div lst gold
98
65'A
.:
112
116
110
Feb
Louisville Div & Term gold 3%s_1953
Omaha Div 1st gold 3s
1951
104%
1st mtge & c611; tr 3'A^_^^-^_»-_1977
Denver & Rio Grande West RR—
,
40-year
104%
64'A
!
109%
122% 122%
117% 117%
J-J
■
1971
Cairo Bridge gold 4s
Litchfield Div lst gold
107
65'A
1%
110% ni
117%
J-J
1976
'
Refunding 5s_
.
(3%
1st M 2%s
Collateral trust gold
101%
36
1975
C_
mtge due
A
Purchased
100%
105
98
11
34
1946
Morris & Essex division
Coll Tr 4-6s
—May
Delaware Power & Light 3s__
ser
110%
div'
V
1st:mtge
B_l____Jan
Refunding 4s_V
-
102%
96
RR Co—
ser
J-J
3s sterling,.
Collateral trust gold
10%
M-N
A Income
101
lst gold 3'As___
Extended 1st gold
.
-58%
88
85'A
*35
in_il965.
97'A
lst gold
.96% 104%
52%
38%
J-D
4s extended___1963
100
J-J
1976
"
3s
Illinois Central
106
16
52'A
38'A
*83'A
J-J
1946
_1965
J-J
1973
Illinois Bell Telep 2%s
107%
'',100%
-
11
93'A
*50
j-D
1952
545
101'A 101%
M-N
1942
110
99% 100
J-J
1966
B
2
Western
ref M
98'A
A-O
ser
& West
&
j-d
1
debs__
& Hudson
Delaware
—
11
Dayton Pr & Lt lst mtge 2%s
lst mortgage 3s
2%s
104%
96%
—
Co
*98
3
98%
—
&
105% 106%
96
—1965
100
1st gold 4s
104'/a
102% 102%
3'As..:
Ry 1st 5 'As
A Deposit
receipts
ACuba' RR lst 5s gold
A Deposit
receipts
A7'As ser A deposit rets
a 6s ser B
deposit rctSi
Deere
6
—
M-S
mtge 2%s___1975
Ry 3'As
102'A 102%
109
1st mtge
Union
~
M-N
Northern
Dayton
21
—
j-d
Baking 3s debs,.-
Crucible
__
107
23As_j__1968
Gas
lst
Power
7
—1963
D
debentures—^.
Consolidated
__
A-O
—1972
series
I
101
*
,__1972
3s
ref
20
1982
1st
&
•'>
55
'104'A
86
100
104%
,/
107'A
106
107
'
100%.101
95
107
*109'A
103
81'A
84%
84'A
;
1952":
:
Hudson Go Gas "1st gold *5s_
..,.1949
Hudson" d? Manhattan lst 53 A.
1957;
AAdJ income 5s_
Feb 1957
101'A 101%
——
1977
& ref
conv
103%
:
101% 101%
A-O
mtge 2%s ser B_
lst & ref mtge 2%s ser C
3s
6
\
*101% 101'A
F-A
Consolidated Edison of New York—
1st
,
105
33
__
55
F-A
1st &
i
Valley Ry lst 4'As
Household Finapce Corp 2%s__^
Hudson Coal lst s f 5s series A^
92
—
103
,
J-J
s
t
•
"
1st mortgage
v
65
105*
__
105'A
66
62
102%
103
*102
84%
' W
* J-J
'."J-J
Co—
1951
Conn River Pwr
4
m-N
-
,
N__y
I
.1.1990
mtge 3'A3 "ser 0..._«...w..2000
Gulf. States Util
77%
*101%
F-A
3s series L
Consolidated
•
:
Gen mtge inc 4s ser
99%
*101%"'"
—
M-S
—1955
Ry & L lst & ref 4'As
Conn
Co 1st mtge 2 %s_ 1965
Hackensack Water lst mtge 2%«—1970;
68
A-O
&
Columbus
97
97
—
*ioo.»A'-y_
•,
M-S
1973
Columbus
103'A 103%
J-D
mtge inc'5s ser A.J
July 2015
1st & ref 3%S Series Dj^....-.^.19j69
82
74%
103% 103%
—
A-O
3'As debs___197l.
59
93 r
82
4
'103% 104%
F-A
—1977
(stamped modified)
Columbia
5
109
65
Co—
lst mtge 4'As series C—Colorado & Southern Ry—
60%
101%
78
97
*90'A
j-d
1948
—
Cleveland
(B F)
;
100%
73%
104%
102%
60%
M-S
Gen
106%
98
9
80'A
*99%
M-N
104
50%
1949
lst & rOf 4s Series B
102'/8
91%
97
J-J
.
1990
;
7
Corp—
mtge 2%s ser Q
2010
mtge 2'As ser R
__1961
'AGreen Bay & West deb ctfs A
i
A Debentures ctfs B
w
Greyhound Corp 3s debs
.'.
1959
Gulf Mobile & Ohio RR— V
106%
102
98
80'A
74'A
102
100
2
'101% 102 %
60%
1969
Utilities
Gen
y; 105%
107
J-D
1977
100
M-S
u-n
Gen
»A
98
100'A 100'A
J-D
96%
96%
300
60'A
Gen mtge 3'AS'ser
99%
11V
&
Hocking
B^_aV--
99'A
M-S
Gen mtge 23AS Ser P....J..M1M..1982
102
103
98'A
*93
J-D
.
1993
impt 4'As series E
Louis Div
J-D
Ry—
4s
series
" 105
98%
F-A
1966
1961
J-D
*
Gen
100%
102
8
F-A
1974.
City Ice & Fuel 2%s debs
City Investing Co 4s debs„_.
85%
'
A-O
Cincinnati
&
Goodrich
87'A
77%
6
Union Terminal—
lst mtge gtd 3%s series E
lst mtge~ 2%s ser G—
103
86
85%
Jf-N
1959
inc debs
General 4'As series D
*
83
11
!
103
*81
*95
'
105
100
Realty
conv
General 5s series C
107%
100
101
104% 104%
1975
of
Great Northern .Ry Co—
f
General 5'As Series B
100
99%
99%
104% 104%
Cine Gas & Elec 1st mtge 2%s_
100
1956
A 4s
70%
j-j
-
*94
1974
Francisco Sugar coll trust 6s
94
j-j
•
us
—
General
89
106%
*—
—
-
1961
4'As
Gas & Elec of Berg Co cons 5s
106
97
101
88
'
66
69%
*100
j-j
lst
deposit
60%
.
jr.j
*93'A 102
80
53'A
60%
?6%
101
East COast
& ref 5s series A___
ACertificates
74%
j-j
Chic
90%
99%
___-_1963
Cin
..
65%
G__—^._l1963
General
,79 1
73%
Chic & West'n Indiana conv 4S—1952
1st & ref 4'As series D.,
1962
Cleve
:
105%
%
*104%
j-d,
High
92'%'
106
86%
Low
65
55'A
92%
69
J-D
—1994
i:
,
I
; :120
111
%
1951
1st mtge. 2%s
A lst
119%'
*94
,
73
99
46%
59
106
72'A
January 1
No.
11?
100%
;
34 :
72
60'A
j-j
1951
Gold 3y2s
series F
93
47
105
73%
Range Sine*
Sold
High
A-O
J-J
J-J
M-S
•
3'As'-___——1971
1st mtge
91
92'/a
105
Bonds
V
1990
;—2000
1953
97'A
*
Orleans
1st mtge 3'/bs
■'
54'A
54%
Friday's
or
Bid & Asked
112
109'A
lst cons mtge 3'As ser F
1st cons mtge 3'As ser G
1st cons mtge 2s ser H_:
110%
65
)
j-j
1994
A__Jan2019
;
Memphis Div 1st gold 4s,
1951
Chic Terre Haute & S'eastern
Ry—
1st & ref M 2%-4'As
1994
v
110'A
112
;
Pacific Ry—
1st mtge 4s series A
Gen mtge conv 4'As
•
106
78%
66
Apr
1 1999
B
ser
Chicago Rock Island
Chicago St L &
j-j
Jan 1 2044
Chicago & North Western Ry—
V- 2nd mtge conv inc 4'As___Jan
104%
117'A
y 1,
87%
jr-j
inc ser A__Jan 12019
ser
100
101'A
*__
87%
Week's Rang*
Last
Sale Price
J-J
'
115
*76%
RR—
A
ser
Gen
.
•
j-j
Chicago
■
130%
45%
M-N
Chicago Gt West 1st 4s series A___1988
AGen
121-
1
'
YertoR
Erie Railroad Co—
Gen mtge inc 4'As ser A—Jan 2015
lst cons mtge 3'As ser E_
1964
96 3A
M-N
Chicago & Erie ISt gold Ss___
5
'
tmwrt
Exchange
High
111'A 111'A
99 %
99%
109%
1970
*
127 l"
*109
F-A
RR—
conv
ser
Low
Stock
York
Low
Ohio Div
1958
9
&6NDS
New
109'A 110
j-j
1977
1st & fef 4%s series B__
Chicago
No.
100 >A 101'A
101'A 101%"
116% 116%
Chicago Burlington & Quincy RR—
General
Range Sine*
January 1
Sold
High
127
1996
gold 4s
cons
* " M-S
,1996
.
JULY
Friday
Bonds
Bid & Asked
27
RECORD
ENDED
,
Ref &
R
WEEK
(171)
Week's Rang*
Low
*
FINANCIAL CHRONICLE
lib1
112%
156%
156%
102
105%
101%
106%
100
105%
5s
stamped
—1954
——
5s
stamped 2—__
5s
;
:
Stamped
—
^i.___1964
+
—'
-1974
Lehigh Val HarbOr Term gtd 5s—1954
Lehigh Valley Ry Co NY 4%s ext_1950
_
*
j
,
F-A
65
*100
100
F-A
.
*93%
95
84
95
F-A
*91%
95
82%
94
70
60
70
75
67
75
" F-A
j-j
70
74%
,68
74%
-t.
COMMERCIAL
THE
NEW
&
YORK
RANGE FOE
V;../.,,
Istersed
BONDS
Stock Exchange
Period
New York
Friday
Last
Week's Range
or Friday's
Bale Price
Bid & Asked
-
Low
High
FINANCIAL
BOND
Range Since
Sold
No.
Low
Interest
January 1
New York
Electric
series
7s
Guaranteed
4s
(P)
1st &
Gas
ref
Louisville
1st
&c
1st &
ref
Northern Central
36%
A Gen
46 %
67
109%
Gen
76%
121 Va
111%
mtge 5s conv inc
&
101A
♦—
4s
34
*109%
loiit
Ref
lien
series
M
series G
2%s
129
109%
116
108
108
*107
>128
80%
100'/a
9ft
1997
lien
107%
101
—1997
96%
Jan 1 2047
61%
2047
3s
60%
65%
94%
68
&
impt 4Vis series A
2047
87 V4
impt 5s series C
impt 5s series D
4%s
2047
92
100
2047
92%
100%
1975
99%
104%
102%
Ref
&
100{g
102
Ref
&
109
110%
Coll
102'/a 102%
101
102%
107% 107%
105%
108%
trust
Northern States
2%s
1st mtge
1st mtge 2%s
97
84
St Louis
95
98
84
84
99%
109%
*95
1974
1975
1st mtge 2%s
1977
89%
92%
*110% 111%
Div 2d gold 3s
1980
Atl Knox A Cine Div 4s—«.1955
(Wise)
101%
:
Power Co—
(Minn)
2003
2003
F
4ft
127
*115
1974
series A
4s
registered
'
100% 100 Va
RR—
M. 3%s
78%
78 %
127%
1974
& ref 5s
gen
registered
3s
101%
*100'/a 101
High
109 V*
127% 127%
2014
Western Ry 1st gold 4s_1996
ref 4%s
&
Prior
General
18
Low
106%
*107% 109
»«,
Northern Pacific Railway—
—1978
Nashville
ref
Norfolk
40
1960
High
Norfolk Southern Ry Co—>
1966
3Vis
& Elec
mtge
&
42%
121
1951
gold 4s
deb 5s
Co
debentures
3s
Louisville
38%
1963
ref
stamped
Lorillard
39
29%
1949
1949
194ft
Long Island unified 4s
Power. *»%■
30
1952
A
Falls
Range Since
January 1
Bid A Asked
Low
26%
2003
2003
2003
2003
5s stamped modified
2003
Lehigh Valley Terminal Ry ext 5s_1951
Lexington & Eastern Ry 1st 5s
1965
Liggett & Myers Tobacco 5s
1951
Little Miami gen 4s series A
1962
Week's lun
or Friday's
Last
Belt Price
High
Niagara
registered
Period
Stock Ixekange
27
4%s stamped modified
4%s registered —.—
ALombard
>
Friday
Bonds
stamped modified
4s
Monday, July 12, 1948
RECORD
WEEK ENDED JULY ft
Lehigh Valley RR—
4s
CHRONICLE
96%
111
lOgdensburg A Lake Champlain Ry—
A
(R H)
Macy
A Co 27/8s debs
1st guaranteed 4s
Edison 1st mtge
1948
Ohio
1972
10
99
—I960
1
67
74%
1st mtge & con 4s ser B
1954
Manati Sugar 4s sink fund—Feb 11957
2
94%
98
Oklahoma Gas
84%
91%
Oregon-Washington RR 3s
Maine Central RR 4Vis ser A
AManila RR
(Southern Lines) 4s
2
195ft
94%
Mead Corp
1st mtge 3s
1966
Metropolitan Edison 1st mtge 27/as_1974
Metrop Wat Sew & Drain 5%s
1950
Michigan Central—
Sag 3Vis
2
Ref & impt
4Vis series C
*102
1979
♦105
1940
&
Sault Ste
1st mtge 4%s
A Gen
9
101
103%
58 %
106%
96
59%
100% 100%
Marie—
V
A
1962
_1962
4Vis series D
97
99%
91%
96%
94%
98%
102%
1978
100%
104 Va 104 Va
1987
94%
97%
102% 102%
*104%
♦101%
106%
104
104
—
101% 102%
Airlines—
debs
1960
35%
1952
102%
106%
Pennsylvania Glass Sand 3%s
1960
Pennsylvania Power & Light Co—
1st mtge 3s
i<*7a
103%
103%
88
71%
89
30%
50%
71%
89%
.1978
87
88
72
88%
29%
30 %
18'A
30%
87
88 %
71%
89
i". 88
65.
65
*102% 103
*99% 102%
71%
89
•
61%
68
;
101%
104
General
B___
1968
110% 111
99%
102 %
60%
General 4%s series D
Gen mtge 4%s series E
1981
54%
100% 101%
100 Va 101
68%
83%
__1949
87
59
59
1955
78 Va
79
series
1958
3 Vis
A—
Constr M 4Vis series B
Tel
72%
___1955
& Tel
2%s___1986
%
73
93%
93%
1978
*102%
3Vis debentures
—
64%
f
debentures
49
General 4%s
?Conv
Gen
93%
deb
4%s
series
series
4s
F
ext
General
Chattanooga & St Louis—
1st mtge 3s ser' B
;
1986
National Dairy Products 2%s debs_1970
3s debentures
1970
National Steel Corp 1st
89%
90%
84%
Apr
98%
97%
100%
102'A
102% 102%
102%
1965
103
103
102%
1967
98
98
5s
103%
103%
97%
100%
88%
88%
78%
65'/a
63%
69%
207/a
14%
1974
„i9flQ
*104%
B
1974
;
4%s series C
1977
1961
1st & ref 2%s
105
111%
94
20%
103
—
99%
*114
107%
94
1990
99
117
68
25%
106
116%
99
103%
RR CO-
series
General gold
87%
99%
104%
997/a
Philadelphia Co coll tr 4%s
Philadelphia Electric Co—
91%
98%
99%
__1960
4s
Phil a Bait ' A Wash
iftsa
1985
n-T^.-Tir,
100%
112
104% 105 Va
1984
3
A Eastern
A Income
115% 115%
,
101%
97 V'a
1960
a
mtge 3Vis series
Peoria
104%'
5s
98%
1965
Pennsylvania RR—
Cons sinking fund
75
88%
102%
3s S
Peoria & Pekin Union Ry 5%s—
Pere Marquette Ry 3%s ser p n
mtge 3s
104%
102%
—
88 %
-
'
96%
49
2000
Nashville
-
87
A
ser
1st gtd
States
99
98
94%
—
96%
87%
Morris
Mountain
*98%
103
94 Va
98
48
1965
1966
5s
*—
103
99%
102%
—1973
Monongahela Ry 3'As series B
Morrell (John) & Co 3s debs
M
102
;
103%
99%
101% 102
101%
s
Co—
Gtd 4s series E trust ctfs
...
Constr
100
Pennsylvania
A 1st & ref
gold 5s series H
1980
A 1st A let 5a series I
..1981
Moh'k A Malone 1st gtd gold 4s—1991
Essex
inc
conv
104 Va
101% 101%
101%
1986
1st
104
100
—.1977
___
gold 5%s
&
debentures
108%
100 Va
102%
102
1985
3%s debentures
3%s
Jan 1967
1st & ref 5s series A
A 1st & ref 5s series F„—
A 1st & ref 5s series G_
A Conv
Tel 2%s debs
Pennsylvania-Central
1978
adjust 5s series; A
L
107%
,108
•101% 102%
f gold 4%s
1955
Paterson & Passaic G & E cons 5s„1949
^Missouri Pacific RR Co—
A
Tel A
*106
—
1970
debentures
Paducah & 111
•/ 40-year 4s series B
A General 4s
series
3Vis
1990
ACum
ref 3s
2%s
Jan 1991
Prior lien
1974
A
Pacific
mtge 4s inc ser A
series
1971
1st A ref 3s series m
1079
1st A ref 38 series N——1977
1st A ref 2%s series P
1981
1st A ref 2"Vis series Q
1980
•Missouri-Kansas-Texas RR—
Prior lien 5s
1968
1st
f
inc ser A^iJan 1971
Mo Kansas & Texas 1st 4s
Electric Co—
1st & ref 3s series K
87%
80
96
106
1960
1st & ref 3%s series I
1st A ref 3s aeries J.
:
*102% 103%
1967
Minn St Paul
3
105% 106
——
tSAMidland of N J 1st ext 5s
87
A
ser
100%
99
87
Michigan Cons Gas 1st mtge 3%s_1969
1st mtge 2%S1969
1st mtge 3%s_
1969
Minnesota Mining & Mfg 2%s
98%
Pacific Gas A
1st gold 3 %S---—-1952
1975
101
100% 100%
__
1975
Electric 2%s
A
101
99%
*100%
1974
_
98%
98
1951
3s
1st mtge 2%s
70
70;
1972
May Dept Stores 2%s debs
Jack Lans &
'
101%
*108% 114%
104%
104'A 105%
1971
99
1st
A
ref 2%s
1967
ANaugatuck RR 1st gold 4s
1954
*100 Va 102
100'/a
101
1st
A
ref 2%s
1974
Newark Consol
1948
*100%
100%
102%
1st
—
&
ref 2%s
1952
102% 103
102%
105%
1st
&
ref
1961
118
115%
118%
100
102
National
Supply 2%s
Gas
debs
cons
5s
New
England Tel & Tel 5s A
1st gtd 4%s series B
3s
N
debentures
New
1st 4s
Jersey Power & Light 3s
Orleans Great Nor 5s A
New
Orleans
&
—
Northeastern
1981
27/aS
1978
tJAPhllippine Ry 1st
ACertlficates
of
t 4s
a
1937
deposit
Phillips Petroleum 2%s debs
1964
Pittsburg Bessemer & L Erie 27/aS—1990
Pgh Cine Chic A St Louis Ry—
Cons gtd 3%s series E
1949
1986
New
Ref &
*101%
—.,1982
J Junction RR gtd
118
97
1974
1983
RR—
1952
104%
104% 104%
Cons gtd 4s
gtd 4s
1953
INew Orleans Texas & Mexico Ry—
A 1st 5s series B
1954
ACertlficates of deposit
101%
101% 101%
Cons gtd 4s series G_
1957
Cons "gtd 4s series h
—...—lQfiQ
Cons gtd: 4%s series L———1963
Cons gtd 4%s series J
1964
Imp 4%s series A
New Orleans Term 1st
A 1st 5s
series C
Gen mtge 5s
A
:
ACertificates of deposit
New York Central RR Co—
3%s
Cons 4s series A
Ref
&
__-,2013
•
impt 5's series C___
N Y Central &
:__2013
Hudson River RR—
General mtge 3'As
3'As
coll
1998
New
N
Chicago & St Louis—
Y Dock
_1980
___1986
81%
97%
91
1975
82%
90%
1951
Connecting RR 2%s
96%
100%
—
ser
B
1st gold 4s
.N! Y & Harlem gold 3 %S
Mtge 4s
series
Y
Lack
&
West
91
1st mtge 4%s
1958
1958
series A___
1959
I960
2043
series
A
1st mtge
1st
mortgage 3 %s
1st mortgage 3s
—.1977
1964
3%s—1966
1977
:
—_
1983
t A Providence Terminal 4s
1956
1968
r_1972
1st & ref mtge 5s—2037
11st A ref mtge 8s
2037
2043
4s
Potomac Elec Pwr
Public Service Elec A Gas 3%s
1st & ref mtge 3s
—2000
t
A
Mtge 4s series B
N
1973
4'As series B
1973
IN Y New Haven & Hartford RR—
§ACollateral trust 6s
1940
1st &
ref mtge 4s ser A___
2007
AGen mtge conv inc 4'As ser A.2022
t A Harlem River & Port Chester—
1st 4s—
JAN Y Ont & West ref 4s
Quaker Oats 2%s deb.
98%
101%
June 1992
7%
13%
AGenerai 4s
1955
N Y Power <fc Light 1st
mtge 2%s__1975
Putnam 1st cons gtd 4s
1993
N Y State Elec & Gas
2%s:
1977
95%
98%
60%
68%
3
,
N Y &
Y Steam Corp 1st 3'As
1963
IN Y Susquehanna & Western RR—
§ 1st refunding 5s
1937
§A2d gold 4'As
1937
§ A General gold 5s
1940
§ATerminal 1st gold 5s__,
Y Telephone 2%s ser D
1943
Ref
1978
mtge 3VaS
ser
For footnotes
1982
E
see
page
29.
7%
97
N
N
88
1965
1st gen 4%s series D
APittston Co 5%s inc deb
1998'
Ref mtge 3 Vis ser E
1st mtge 3s ser F_______
N Y
1998
registered
York
88
Pitts Youngstown A Ashtabula Ry—
1st gen 5s series B
1962
1st gen 5s series C
1974
1998
Mich Cent coll gold 3%s_
3'As
110
1997
gold 3'As
registered
3'As
debentures
1st mtge 4%s series B
1st mtge 4%s series C
1997
registered
Lake Shore
110% 110%
110'A
1975
Pittsburgh Steel 1st mtge 4%s__
Pittsburgh & West Virginia Ry—
1998
Ref & impt 4%s series A-
1970
1975
a
Pittsb Coke & Chem 1st mtge 3%s_1964
Pittsburgh Consolidation Coal—
1954
,
series A
Gen mtge 5s series B
Gen mtge 3%s series E
1956
ACertificates of deposit—
1st 5%s series A
1953
Pgh Cine Chic & St Louis RR—
1956
ACertlficates of deposit
4%s series D
A 1st
series F
105
97*
107%
Reading Co 1st A ref 3V80 ser D—.1995
Revere Copper & Brass 3%s
1960
Rochester
32
30
*24
26%
*76%
96
.
80
96%
*103% 104%
12%
73%
93%
103%
52%
;
40
29
78%
98%
105
Gas
&
Elec
Corp—
Gen mtge
4%s series D
3%s series H
3%s series I
Gen mtge 3%s series J
Gen mtge
Gen mtge
JARut-Canadian
4s
tIARutland
4'As
RR
stamped
stamped
1977
1967
1967
1969
1949
1941
1/99% 101%
6
105
106 %
THE' COMMERCIAL
4715
Number
Volume 168
NEW
&
FINANCIAL
YORK
BOND
CHRONICLE
RECORD
RANGE FOR WEEK ENDED JULY 9
"
Friday
Interest
BONDS
Week's Range
or Friday's
Last
Period
Exchange
Stock
York
New
Sale Price
Friday
Bonds
Bid & Asked
Low
New
January 1
No.
High
••
Range Since
Sold u; 3
Low
Pacific
Bt L
gold 6s
Rocky Mt & P 5s stamped
4%s
ser
Ref
U S
RR—
Rubber 2%s debs
—
1997
Vandalla RR cons g 4s series A
Nov 1989
series A
1990
Bt Paul & Duluth 1st cons gold 4s_1968
Bt Paul Union Dept 3Vis B
1971
Scioto V & N E 1st gtd 4s
1989
Cons s
1st & ref mtge 3s
Va & Southwest 1st
Shell Union Oil 2Vis debs
Virginian Ry 3s series B——
1st
1971
ISASilesian-Amer Corp coll tr 7s__ 1941
Skelly Oil 2%s debs
1965
cons
(Oregon Lines) A
1977
mtg 3%s ser A.197S
'
88%
80
83
8IV2
83
76%
—1961
93%
88%
93y2
93 Va
90
1994
118%
118 Va 119 Va
112
1956
963/4
1956
109 Va
1956
1996
1951
112%
1986
„
1996
Southern Ry 1st cons gold 5s
Devel & gen 4s series A_
Devel & gen 6s series A
Devel & gen 6Vis series A
Memphis Div 1st gold 5s
St Louis Div 1st gold 4s
#96 Va 96%
109 Va 109 Va
112
109
.
Gen
Va
115
103%
103
102%
93%
104%
97%
104Va
105 3/a
46%
92Va
2%s
96 Va
97
1972
96%
1973
100 Va
100%
&
imp
Wheeling & Lake Erie RR 4s
Gen & ref M 2%s series A
115% 115%
2019
993/4
114%
993/4
97 Va
106
ref
1st & ref M 3%s series C
99%
99%
94%
95
2000
1985
Term RR of New Orleans 3%S—1974
89
100% 101%
Gen & ref M
1st gold 5s
3%s series E
Texas Pacific-Missouri Pacific—
Third Ave Ry
99 Vi
Trenton Gas & Elec
99%
,
121%127%
94% IQI.%
2%s debs
99
4
103%
93 Va
100 Va
94
100 Vi
99% 100 Ve
100
IOO
101%
111%
102% 103
*112%
—
103%
112%
.
75%
64
1949
of deposit
1976
1971
Yonkers Elec Lt & Power 2%s
1976
•.
r
101%
78 Va
78%
71%
61%
42%
99
973/4
100%
101%
101%
*101V2
—
99%
*98
1961
J-J
64%
98%
1st gold 5s—1949
Tri-Continental Corp
95
85
a
Deferred
delivery sale not Included In the year's range,
d Ex-interest,
e Odd-lot sale not
sale not Included In the year's range, r Cash sale
Included in the year's range,
n Under-the-rule
not included in the year's range,
y Ex-coupon.
97%
^Negotiability impaired by maturity.
pound unit of bonds.
98%
& coll trust 2%s_.
98 Va
*99%
debentures
asked prices; no sales being
♦Friday's bid and
*102% 103 %
Union Oil of Calif 3s deb
tThe price represented Is the dollar quotation per 200-
Accrued Interest payable at the exchange rate of $4.8484.
^Companies reported as being in bankruptcy, receivership, or
the Bankruptcy Act, or securities assumed by such companies.
109 Va
*108
Union Electric Co of Mo 3%s.
2%s
997/e
'....'I.
102%
1958
Wisconsin Public Service 3 Vis
,98%
60
-
income 5s
1st mtge
99 Va
97%
*
1960
Jan 1960
Tol & Ohio Cent ref & impt 3%s__1960
A Ad J
1st ref 4s
;
97%
*96%
94%
101%
80%
*1005/a 101
1960
1st 4s
Wisconsin Electric Power 2%s
.92% 100%
126% 126%
Texas & Pacific
95
/l01%
88% 102
r
94
ACertificates of deposit
1970
1990
3%s series B
M
99 Va 103%
100% 101%
993/4 102
92%
67%
101%
97
1013/4
§ ASu & Du div & term 1st 4s—1936
Texas Ac New Orleans RR—
1st &
101
109
57Va
1992
general 4s
A Certificates
101
103%
107 Va
>69%
59
*102% 103
1970
1967
§Aist
116%
1043/a 104%
1985
1965
633/4
67 Vs.
64%
s
1949
Wheeling Steel 3 Vis series C
1st mtge 3'/is series D
Wilson & Co 1st mortgage 3s
109
108
106 Va
65%
1971
55%
105%
108 Vi 108%
"
Jan 2014
debentures
^Wisconsin Central Ry—
2%s series D
107 Va
47%
99% 101
107 Va 107 Va
1966
100
Terminal RR Assn of St Louie—
Ref
103
106
.55
*107% 108%
.1950
1967
„
r.
Winston-Salem S B
Texas Corp 3s deb—
106
*54
I;
98%
imp M 4s series C
99 Va
97%
*99% 101%
Funding & real estate 4%s—.1950
25-year gold 5s
1951
30-year 5s
—1960
Westinghouse El & Mfg 2Vis
1951
102%
1966
&
85
85
Telegraph Co—
Western Union
57%
100%
1971
gtd..
mtge 3 V2S
Western Pacific 4Va8 inc A
109
103
Swift & Co 2%s debs
Ref
83Vi
100
94 Va
2361
Registered
—...—.......2361
Western Maryland 1st mtge 4s
1952
113
Bunray Oil Corp 2%s debs
27/as debentures
74
75%
90 Va
West Shore 1st 4s guaranteed
*109
Calif 2Vis debs—1966
deb 2Vis
1
}
West Penn Power 3Vis series I
98
108 Va
1983
(N J)
i
Westchester Ltg 5s stpd
94%
120
105
1121/4
Spokane Xnternat 1st gold 4 Vis—2013
Oil of
89%
84%
91%
debs—.1985
3Vis debentures
Standard
100 Va
5V2S debs (subordinated)
1970
Warren RR 1st ref gtd gold 3Vis_2000
Washington Terminal 2%s ser A—1970
1981
.
Standard Oil
96 Vi
109
Ward Baking Co—
imp
1st mtge 2%s series S
1st mtge 2Vis series F
1st mtge 2 Vis series G
A
101%
1995
mtge 4s Inc series A—-Jan 1981
4Vis series B_Jan 1991
1st mtge 3Vis series B
1971
Walker (Hiram) G & W 2%s debs.1960
Walworth Co conv debentures 3Vis_1976
1994
2%«
94 Va
Gen mtge inc
km*?
Gold 4Vis
Bell Tel
104 Va
1958
Gen
—.1985
■
Southern Indiana Ry 2%g
Southern Pacific Co—
Southwestern
100 A
99 Va
2003
gtd 5s
5s
RR Co—
Wabash
1979
debentures
2%s debentures
San Fr Term 1st
103
112 Vk
1976
1963
Southern Bell Tel & Tel Co—
Southern Pacific RR Co—
99%
102 %
107%
conv
1st mtge 4s series A
1996
AGen mtge 4%s series A
Jan 2016
Seagram (Jos E) & Sons 2Vis
1966
105
105%
94%
1975
1978
series F
debentures
1963
Va Iron Coal & Coke 1st gold 5s—1949
3 V8s
Bocony-Vacuum Oil 2 Vis
South & Nor Ala RR gtd 6s
105
105%
1955
1957
f 4s series B
Virginia Electric &> Power Co—
1st & ref mtge 2%a series E
Seaboard Air Line RR Co—
Gold 4Vis
1,
High
Low
mtge 2Vis series C
2%s debentures
Gen & ref gold 5s
1st 4Vis
January
1989
2d 4s inc bond ctfs
3s
Range Since
>
No.
Jan 2022
A
2%s debentures
Sold
Universal Pictures 3%s debs—
Bt Louis-Southwestern Ry—
1st 4s bond certificates
*
i
United Biscuit 2%a debs
1955
Bt Louis-San Francisco Ry Co—
1st mtge 4s series A—;
A>2nd mtge inc
Bonds
High
debentures—.,
2%3
2d
Friday's
or
Bid & Asked
Low
Union
Bt Lawr & Adir 1st gold 5s
Sale Price
High
.—1971
1996
1996
Baguenay Power 3s series A
Last
Period
Exchange
Stock
Week's Range
Interest
BONDS
York
A Bonds
99%
selling flat.
reorganized under Section 77 ef
transacted during current week. ,!
.1
:
>
NEW YORK CURB EXCHANGE
WEEKLY
NOTICE—Cash and deferred
in
in
footnote
a
In the
the
week in
delivery sales
which
they occur.
following extensive list
AND
RECORD
YEARLY
disregards! in the week's range unless they are the ti&ly transactions of the
No account is taken of such sales in computing tha r'anga for the year.
are
furnish
we
a
complete record of the transactions on the New York Curb
July 3, and ending the current Friday, July 9.
It is compiled from daily re ports of the Curb Exchange
wnether stock or bond, in which any dealings have occurred during the current year.
RANGE
Friday
STOCKS—
New
York
Curb
-
Range
Sale Price
of Prices
Low
ACF-Brill Motors warrants
Acme
Aluminum
Acme Wire
Co
Aero
common
6
Supply .Mfg-,—.....i.-.--..
Air
Associates
•,
"
—
Agnew Surpass Shoe Stores
Ainsworth Mfg common
Air
Shares
2%
2%
200
600
Mar
3% Mar
3% May
5% Mar
35
Mar
7% Apr
3% Mar
—
31% Jan
6Va
500
4% Mar
2%
2%
200
1%
4.20%
American Laundry
33/4 May
American Light & Trac common—
of
Aluminum
%
3,700
a*
Jun
500
700
%
5%
Jun
Feb
1 % Jan
3% Jan
8 % May
97%
94%
973/4
60
79
Feb
90
50
87
Jan
93% Mar
common.
American Bantam Car Co.........
American
Book
American Cities
;
4%
4 Va
1,800
—
—
„
...
Power
&
__
50
May
3% May
7
...T
22% Apr
Mar
22
50
? Feb
69
Jun
98
May
65
953/4
95%
663.4
96Va
1,400
450
53%,
53%
54%
7,400
36
2 3%
2Ve
2 3/4
7,200
92%
22
Feb
25
Jan
Feb
13
30J/4
preferred.
American Mfg Co common
6 %
Jun
76%
80
100
'VifV'TV-
7
7%
900
African Maiacaibo Co
American Metal Products Co
American Meter Co
American Potash &
Class
American
Amer
$6
Chem class A.
B
American
f-
Republics
Seal-Kap
common
Superpower Corp com
:—
series preferred
5%
American Thread
preferred—
American Writing Paper common..
Jan
56
Mar
\
1% Mar
1% Mar
76%
'
Jan
Mar*
9
7%
page 33,
3% Apr
17% Mar
66 %
Light—
Class B
see
Apr
4% May
Jan
6
18
common
Co
For footnotes
2%
18
common
common.——..
20
17% Xl8%
101% May
14
Industries
Beverage
Jun
1%
7%
__
America
American
38
A
•
.Aluminum Ltd
Apr
Mach—
40
20
9% Apr
common
Co
225
1,900
2%
303/4
14% Jun
6% Mar
1%
7%
4Va
cumulative preferred
Aluminum Goods Mfg
HIVb 111 Va
American Hard Rubber Go
xll% Mar
%
common
$3;75
650
13,700
40
100
73/4
pfd
Inc
18Ve
40 %
2%
2% May
2% Jan
*
76% July
•••;•,-
:/'\
-
5Vo Mar
SO
Jan
Anchor Post Products
Angerman Co Inc common
Anglo-Ir anian Oil Co Ltd—
Amer dep rets ord reg
Angostura-Wupperman
Apex-Elec Manufacturing Co—
'v,
7% Jun
—1
11%
Appalachian Elec Pwr 4%% pfd.
100
103%
11%
12
102% 104%
High-
Low
173/4
2%
Range Since January 1
High
convertible preferred
500
36
Allied Internat Investing Corp
Allied Products (Mich) common
Aluminum
$2
Shares
39%
UlVa
preferred
7%
90
Alabama
Altorfer Bros
434 %
Sales
for Week
18
American General Corp common—
14%
Feb
Range
of Prices
40%
common.—
American Gas & Electric com
14%
—
3
Southern..—
Airlines
American Fork & Hoe
73/a
Alabama: Great
Alles A Fisher
Jan
Week's
Low
$2.50 convertible preferred
(N J)
preferred
lAireon Mfg Corp common
/ 60c convertible preferred
Air-Way Electric Appliance
Alaska
2
6
—
Last
Sale Fries
Exchange
Curb
High
Low
Convertible
Power
.
Friday
High
Investors common
Inc
9
STOCKS—
33/4'
__
JULY
New York
Range Since January 1
2%
Adam Hat Stores Inc
ENDED
for Week
3%
33A
Alloys
WEEK
w«c£!7 range are shown
Exchange for the week beginning on Saturday,
itself, and is intended to include every security
Sales
Week's
Last
Exchange
FOR
:
week, and when sailing outside tha regular
16% Mar
Feb
109
Apr
1% Feb
19% May
40% July
31
113% May
3Vs May
.
30
I THE
'
(174)
YORK
NEW
Friday
Range
of Prioes
Low
Argus
5%
Shares
Low
7Ma
77/a
2,900
4% Feb
7%
7Ma
4,600
4Ms
8 Ma May
Feb
114
May
Xl3V\
13%
600
10Ma
Feb
14
Jun
22Mt
10,900
12%
Feb
23
Jun
preferred
Equipment Corp—-
—
—
21 Ma
Ashland Oil & Refining Co.
.
112
.
10 Ma
1
Development ordinary
Airlines
Colorado Fuel & Iron
—
1
6Me
—
—
1
Apr
8%
Hotel Inc
Commodore
Compo
400
3/4
Feb
1Mb
Jan
350
6 Ms
Feb
11 M»
July
33A
200
2% Mar
4%
Apr
63%
63%
25
64Ma
Jun
6Ma
'6%
6%
" 3;800
29 Ms
29 Ma
30 Mi
5%
,5%
,5%
"63%;
800
* 100
"
Products Inc——
Automatic Voting
Machine
Avery (B F) & Sons common
6% preferred
Ayrshire Collieries Corp com
52
^
3% Feb
.
,
15
26
26
25 Ma
26 M«
16Mb
to
6%
Feb
Feb
9 Ms
167/a July
50
24 3/4
Feb
26
July
Continental Car-Na-Var
500
15 V*
Feb
27
Jun
Corp
Continental Fdy & Machine Co
Coro
-—•
,
$1
—30
;
Banco de los AndesAmerican
Steel
Barium
,
shares
11
—1
7 Ma
fc-Seelig Mfg—
$1.20 convertible A common
Basic Refractories Inc
5
1
17 M4
Baumann
1
15 M2
Corp__—
Jan
,
-1
—50
preferred
572 May
ft May
£9 Ms May
6% Feb
8%
" 70
X62% Jun
Jun
Jan
114 Mi May
107 3/8 Mar
■
/v
40
2Ma
14%
;
14%
8%
55
Mar
2
Jun
2% Jan
8% Feb
17% May
iJo
%
9%
100
9Ma
Jun
4%
5M4
147/a
1,000
3 Ma
Jan
14Ms
8%
55
9
56
Jan
30
1,900
9%
5M4
40
100
100
37
2Mb
14Ma
900
% May
13Ma Jan
900
'
4,900
'
4Ms
46
300
Feb
Mar
(ord reg)_*1
4 Ma
——5
1
American dep receipts
Feb
Apr
Feb
ft Jan
*
1
——-—
38 Ms
4 Ma
2,700"
103% 104
10% 10%
ft
5c
preferred class A—
5% convertible
Courtaulds Ltd—
Jun
14%
r
Cosden Petroleum common—
1
common
7Va
67'a May
Feb
Feb
25 Ma Mar
110
37
1
--
Reynolds common—.
Jmy
9 "a May
.
.rl
*
Inc_
Corroon &
Locomotive—
3%
200
8
%
Apr
6
29 Ms
25
64%
8
Jun
14
"
—J."
Brewing Co common
Copper Range Co
Cornucopia Gold Mines—
r„
High
Feb
100% Feb 7
T05%;Jun
'
600
• 8Mb Jan
11 Ms Jun
■102% M j00%102%:; M ; 9SOM M '72%- FebMM'7;, 107:' ; Jun
5ys.
4%
5Ms
5,300 '
2% Mar
V. 5Ma July
47 Ma
46% 47Me 1,800
29% Feb
47% Jun
1%.
;1%
2
1,600
I
1% Jun
2% Jan
14%M : 14% 14%M
1,300
ll% Feb ',<> ,15Ma Jun
103%
o
Cook Paint & Varnish Co..—
7% preferred
Baldwin Rubber Co
8
.-10
*
Consolidated Western Steel Corp.
'
2,600
58,800
112 Ms 113
—»-l
Consolidated Mining & Smelt Ltd
Consolidated Royalty Oil
Apr
5 Ma
Ma
29
64Ma
;'64%,
preferred^.—-—-100
100
4Mo preferred series C
Consolidated Gas Utilities
v7% May
32
May
6% Apr
15,600
200
29
—-*•
*
•
1956
series B
4 Ms %
10Mi Mar
1,500
;
24%
4%, Jan;
—
167/a
Mar
700
6%
353A
4%
A
■j'a
Shoe Machinery—
Vtc ext
Consol G E L P Bait common
x6%
6
5
7%
3% Feb
6% Jan
16,000
1,300.
6'A
35 Ms
25
Cooper
Baldwin
6%
6 Ms
"
-—
Babcock & Wilcox Co
7%
warrants..
Community Public Service
11 Me
7
100
8
35 Ms
*
Jan
3%
J
Co
1
warrants———
25
Colt's Manufacturing Co—
Range Since January 1
Low
13 Vt
7Ms
7 Ma
——
,
Shares
High
TVs
Colonial Sand & Stone
Jan
10 Mi
11V*
Coast Fisheries—-.-——.
Atlantic Coast Line Co
i
Corp warrants
Plywood Corp
Colonial
Colon
13 %
*
Cockshutt Plow Co common
Commonwealth & Southern
—
Atlantic
Automatic Steel
21
Feb
10% May
—
Associated Electric Industries—
American dep rets reg
Associated Laundries of America.
Associated Tel & Tel class A
Atlas
Feb
Sales
for Week
Range
of Prioes
Low
Par
v,..
6Ma May
8% May
Arkansas Power & Light $7 pfd..
Atlas
4Mb
700
High
Sale Price
Exchange
Curb
j.V"-
Last
STOCKS—
York
New
13%
Common class A non-voting
Aro
Range Since January l
.i
High
5Ma
Week's
Friday
>
for Week
7Ma
Arkansas Natural Gas common—
6%
5M4
,
7%
Inc
WEEK ENDED JULY 9
Sales
Last
Bale Price
Exchange
Curb
New York
Week's
EXCHANGE
CURB
RANGE FOR
STOCKS—
Monday, July 12, 1948
COMMERCIAL & FINANCIAL CHRONICLE
37Ma
1
6
9%
Jun
56 Ma May
4%
Feb
6 Mi
% May
Apr
May
15% May
11%
Feb
Feb
Jan
Barlow
(L)
Beck
(AS)
Bellanca
Benrus Watch Co Inc
& Hedges
Benson
14%
15 V«
1
2%
2M4
3%
Apr
Crosley Motors Inc
■'—
Crowley Milner & Co
Crown Cent Petrol (Md),—.—■—j—5
Crown Cork Internat'l "A" parti©——*
147 Ma
147%
Jun
Crown Drug
1
common.
Shoe Corp
Aircraft common
Bell Tel of Canada.-—.—
100
w—
__1
i
7
146
9
9
17
May
May
Jan
21%
21 Ma
10%
Jan
22
Apr
,: $0
Jun
Cuban, Atlantic Sugar
.
Inc
i
Blue Ridge Corp common
Bluwertthal (S)
& Co common
(H C) Co common
7% 1st'preferred
Borne, Scrymser Co
Bourjois Inc
—
Dayton Rubber Co class A
——
Dejay Stores common
..
Dennison Mfg class A common—
•
■
*
Class A
......
•
Detroit Gray Iron Foundry...;—
Tobacco—
dep rets ord bearer
Detroit Steel Products
£l<
Devbe &
...*1
reg...
Amer
•
l
Co
common
common
new
Dominion Bridge Go Ltd.
Dominion Steel St Coal class B—
2.50
Bruck Mills Ltd
Dominion Tar & Chem Co Ltd—
•
Buckeye Pipe Line
Dominion Textile Co Ltd common..
•
Bunker Hill & Sullivan
Draper
2,50
Burd Piston Ring Co
Burma Corp Amer dep rets
Burry Biscuit Corp
Butler (P H) common
Corp—
Driver Harris Co—
I
Duke
Power
Co..
....—
i
Dunlop Rubber Co Ltd—
Amer dep rets ord reg
Durham Hosiery class B common..
12 %c
....
—
Domestic Credit Corp class A.
l
Brown Rubber Co
ord reg
dep rets
Dobeckmun Co common—.
*
Brown Forman Distillers
,
Distillers Co Ltd—
lOa
■„
Raynolda class B
Diana Stores Corp common
-
British Columbia Power class A
;;; class b_.
■■•8^:^debenture^^ii^ii—
Derby Oil Co common
Detroit Gasket & Manufacturing-.
.•
(E L)
7% Mar4M2 Marq
13% Mar
Davidson Brothers Inc.—
•
.
Bruce
'
Davenport Hosiery MUls.;.-;.—
•
l
—
dep rets ord
—*
—
1
•
,
Amer
common
•
Light & Power
Corp common
t
Bridgeport Gas Light Co
Bridgeport Oil Co
Brillo Mfg Co common —
Amer dep rets ord reg
British Celanese Ltd—
-Aptf
16% Mar
100% Mar
Curtis Lighting Tnc common__—_—2.50
Cturtls Mfg Co (Mo)
0
.25
Breeze
Amer
1% Mar
2£
---5
:preferred-i-—
5%
Feb
Mar
100
Brazilian Traction
British-American Oil Coi
3
•
Bohack
British American
;•
Cuban Tobacco
common..
Birdsboro Steel Fdry & Mach.Co com.*
Blauner's
common
3
5 Ma
13 Ma Mar
|)referred-ij-;--:^—
common
Feb"
5Ma Mar
-2oc
---•
Co commonCrystal Oil Refining common
34
•
common.:
Convertible preferred—
Blckford's
Brewing Co_
Croft
1
& Co common
Beau-Brummel Ties
Apr
7% May
Creole Petroleum—
25c
Duro Test Corp common.
Duval Texas Sulphur
Cable Electric Products common—.50c
Cables & Wireless—
American dep rets 5%
pfd
£1
Calamba Sugar Estate
California Electric Power
__i
Bread
Co
6M2 %
Canadian
i
Canners
Convertible
5
common
•
20
.
Ltd
common
preferred
•
100
Marconi.
City
1
...
Products
Carey Baxter & Kennedy Inc
Carnation
preferred series A
preferred series B
Eastern Sugar Associates—
Jun
May
Jun
10
Apr
6
Jan
•
_«_•
53
Jan
_.l
dep rets B ord———2s 6<f
Co new common
Casco Products
(AM)
2% July
57
Ltd—•
1
common—•
& Co
IIOM2
Corp
$7
$0
of beneficial int
Com shares
of beneficial lnt
Easy Washing Machine class, V—...
$5 pfd shares
Electric Bond St Share common
Electric Power & Light $7
July
1
Cjp common
(J W)
12 y4 May
145
1
1
Eastern Malleable Iron
Eastern States
2.50
Carolina Power & Light $5 pfdCarr-Consolidated Biscuit Co
Carter
18
common
Feb
•
Carman & Co
Castle
24 Va
& Fuel Assn
prior preferred
preferred
6%
Apr
12% M&f
•
preferred
Canadian
Amer
3%
18 Mi May
xl4M2 Mar
Class B non-voting
Canadian Industries Ltd—
Carreras
20
voting.:-—..4
Class: A
Capital
4%%
•
Canadian Industrial Alcohol—
7%
East Gas
Jun
4% May
•
preference
Jan
8%
8 Ma May
1
Ltd
Canada Cement Co Ltd
Apr
2%
1
Callite Tungsten Corp
Camden Fire Insurance
Canada
11%
Jun
6% Jan
2d pfd A.
Option warrants
—...
Electrographic Corp new common—
E1 e ctromaster Inc...——.
■
Empire District Electric 5 % pfd
Empire Millwork Corp
Emsco Derrick & Equipment
1
Equity Corp common
$3 convertible preferred
:
Esquire Ine
Eureka
Ltd
Corp
«.
Eureka Pipe Line common
10
Catalin Corp of America
..1
Central Maine Power Co—
3.50%
preferred.
...
g
Central 'Ohio Steel Products
Central Power & Light 4% pfd
Central & South West Corp
100
1
100
5
SCentral States Elec 6%
preferred-.IOO
preferred...;
10fr
Conv pfd opt div ser
100
Conv pfd opt div ser 1929.
100
Century Electric Co common...^
10
7%
.
Cessna-Aircraft Co
common.
Chamberlin Co of America.j.
Charis Corp common
2.50
10
Cherry-Burrell
common
*_
Chesebrough Mfg common.
Chicago Rivet & Mach
Chicago & Southern Air Lines...•
.1
Voting trust ctfs...
._5
10
28M4
5% May
15% Apr
Metallurgical
Fire Association (Phila)
First York Corp common
$2 div cum preferred
Fishman (MH) Co—.
5c
to $1
—.——
—.
Pitt
Brewing Co.
23
24 y2
!
2
...
•
Fo* (Peter) Brewing———-—Franklin Simon A Co Inc common.
10
4%%
Fuller
ClaTOStat
Mfg Co...
—-
(Geo A)COL.
.1
Claude Neon Inc common
Clinchfield Coal Corp common
Club Aluminum Products Co
For footnotes
see
page 33,
1
Garrett Corp common
4
Gatineau Power Co common..
20
.*
.
5%
19
Jan
—
preferred..—
Gellman Mfg-Co common....
Jan
8M2 JUly
32
City Auto Stamping
5
City & Suburban Homes
.10
Clark, Controller Co..........—.—i
Clayton & Lambert Mfg
Jun
——
preferred
conv
May
10 Ma July
Fort
__1
Apr
5 Ma May
Amer
bearer
Apr
—
Ford Motor Cir Ltd—: ;
Amer dep rets
58M4. Jun
38%
18
stores
dep rets otd reg
Ford Motor of Canada—
i Class A.noh-voting——
Class B voting.
Ford Motor oil Frtmce—
Jun
3% May
—.
4
*
Chief Consolidated Mining...".
Cities Service common
Fblrcfelltf dsitterS 6 Instrument—.
Falrchild Engine & Airplane..;
Fansteel
Jun
12% Jan
THE
Number 4715
168
Volume
COMMERCIAL &
FOE
Friday
Last
STOCKS—
a
Range
.
Sale Price
Exchange
Curb
York
New
Week's
of Price*
Low
General
;
5V\
Supply Corp com.
preferred.—.
conv
r
Share*
Friday
600.
1,900
1%
Mar
High
3*/e Feb'
23%
.V'
Amer dep rets
General
ord reg
Finance
5%
(Walter) ft Co——
Kimberly-Clark Corp—
Kidde
Jun
Jun
5% preferred series A
General Fireproofing Common
pfd
Phoenix
Corp
General
;
$6
:
,
preferred.
37%
I
Shareholdings Corp com
Preferred
4%
7%
.
7
Jan
4%.
7%
1,200
1,500
.
4%
7%
.
5
92
__
c:
4%.
91%
5
1,600
93
80
2% Feb
6% May
95
Feb
u
Feb
Jan
100
Klein
Jan
Feb
Jun
Feb
1
—*
$4.50 prior preferred—
22%
—*
common
42
—•
2%
50
1
ft
50
Le
v
Hall
v
'
Lamp Co
Bridge Co Ltd
;
Hamilton
Corp
Lipton (Thos J)
J
Hat Corp of America B non-vot com—1
;
-1
*
*
common
Co—
v.
'
118%
139%
41
8%
•
—
Hearn Dept Stores common..
h:
Hecla
Mining Co
5%%
;
Steel
101
Lighting Co—
dep—
......
preferred A ctfs of dep
6% preferred B ctfs of dep.....
Louisiana Land & Exploration
T.hii1«iara Power & Light $6 pfd—
Lynch Corp
101%
7%
5%
Feb
Mackintosh-Hemphill
Co
5
Maine
Feb
Co
10
Public
Mangel
Manischewitz
Feb
Mapes Consolidated Mfg Co
6%
Jan
6%
Feb
Marconi
International
•./«»■■
v.
•°
Corp
"to
Mead
5
1
3
*
24
Feb
p
Horder's Inc
•
19
May
•
*
preferred
100
41%
140
Feb
Hubbell
:J|,
Humble Oil & Refining
Inc
(Harvey)
new common—5
*
5
—
P
Hurd Lock ft
■}'
Hussman Refrigerator $2.25 pfd.
Common
Mfg
stock
Co
.
6%%
Mesabi
A
|\
i
•
.•
*
1
—
* 1st conv preferred..
Hydro-Electric Securities
1
...
•
5
Hygrade Food Products.:
♦
Co
&
1
1
Scott Corp—
&
preferred
Iron
100
Co
Metal Textile
1
25c
Corp common
Participating preferred
Feb
15
31% Mar
105%
Jan
Michigan Bumper
Steel
Corp
1
Tube
Michigan Sugar
6% preferred
Co
2.50
*
common
10
Micromatic Hone
Corp
1
Middle States Petroleum class A
Class B
warrants
Huyler's common..
Dredging
Warrants
Mar
Michigan
4
1
*
♦
Mfg Co
Chapman
Merritt
Horn ft Hardart Baking Co
Horn ft Hardart common
—10
common
Johnson
Menasco
Hollinger Consolidated G M
Holly Stores Inc
Holophane Co common
*
pjjeierred
rirefPTPfl
McWllliams
100
1
—10
common
—1
Co common
conyertibie
McClanahan Oil Co common...
McCord
f!
5%
10
——*
*
;
5•
£1
Massey Harris oommon—
100
4% preferred w w
Henry Holt & Co common
(R) & Co class A
<
Marine
Shovel
Power
licAleer Mfg
•
Hoe
Co
(The B) Co..
Communication Co Ltd
Marion
13% Mar
2
ft
1*
•
*
common
1%
•
common
(Geo A)
Service
Stores
2% Mar
25c
—
preferred w W—
Hormel
Chain
5
p Helena Rubinstein common
?«:V
Class
A
11, Heller Co
A
7%
.
I ■;}
1
class
Common ctfs of
8%
•'
•
Groceterias
Long Island
42
Apr
Hartford
|yi. '/
118
50
Harvard
.
Inc 6% preferred.
common
Class B
•.—25
1
1
4 Hathaway Bakeries Inc.:
!. Hazeltine Corp
(RG)
Lit Brothers
Mar
f..
Rayon
common
Development
"Mar
30
f'
Brewing
Realty
Oil
Tourneau
Lone Star Gas Co. (Texas)
138
v
v
t
t c
Middle West
5
Midland Oil Corp $1
conv
pfd.
•
Products—
Steel
Midvale
Co
Mid-West
*
*
common
Abrasive
50c
Midwest
Oil
Midwest
Piping & Supply common
Mid-West
Illinois
Zinc
Co
5%
conv
pfd
*
_
Imperial
Chemical Industries—
:
dep rets registered
Imperial Oil (Canada) coupon—
Registered
Amer
Rights w i
Imperial Tobacco of Canada
Imperial Tobacco of Great Britain
ft Ireland
£1
•
5
Molybdenum
•
shares—
Investors
*
1
Royalty
*
pfd—100
Public Service common
*
Corp
Monongahela Power Co—
4.40%
pfd.
cum
4.80 % cum pfd series B
Loan Society com class A.
Montana Dakota Utilities
—
Monroe
& Co class A_.
Moody Investors partic pfd—.....
Morris Plan Corp of America—...
10
Mountain
Producers
Mountain States
•
common
50
*
*
-
Safety Razor B
International Utilities
Mountain
5
Power
common
Murray
1
Iron Fireman Mfg voting trust ctfs
Irving Air Chute
*
Italian Superpower
Tel
States
& Tel.
Ohio Mfg Co
Muskegon Piston Ring common
Muskogee Co common
•
Corp
com
cl A
1
Nachman
Corp
Inc
Namm's
common
Jeannette Glass Co common.
National
Bellas
Jefferson Lake Sulphur Co..
Jim Brown Stores common..
National
Breweries
ft
,
7%
Hess
common
common
preferred
National
Preference
Julian
Fuel
Gas
...
Kokenge
National Mallinson Fabrics
Co
National
Mfg & Stores common
National Pressure Cooker
common.
National Radiator Co
National
Rubber
Machinery
National Steel Car Ltd..
Kaiser-Frazer Corp
National
Kansas Gas ft Electric 7%
Kawneer Co
pfd.
Kennedy'* Inc.—_
Key Co common
For footnotes
see
*
50c
common
Montgomery Ward
50
—i
International Products
Co
Monogram Pictures common
International Hydro-Electric—
International
10
4%% convertible preferred
Mining Corp of Canada
Minnesota Power & Light 5 %
Missouri
.—10
International Metal Industries A,
International Petroleum coupon shs
Registered
Miller Wohl
pfd—100
Cigar Machinery
Preferred $3.50 series.:
1
Refineries
*
£1
Insurance Co of North America
International
Co
50
common
Indianapolis Pwr & Light 4 %
1
1
J, Ex-distribution
Midland
c
Corp—
$2 non-cum dividend shares
Illinois Power Co
page 33.
Jun
6% Jan
7% Feb
6
>.
.
Inc
Lin* Material Co——
Mar
10
Paper
Electric Light
Hartford
8
*
Hammermlll
f
University
£'■ K VS>5- 'Z'\
Longlnes-Wittnauer Watch Co
Paper
Feb
9%
Lionel
Pacific Tea—
Non-voting common stock
7% 1st preferred—
Northern
xl4%
.
Extension
i/f v,
Lefcourt
1
5
—
Company
Mines Ltd
Mar
Leonard
-.
*
—100
25
Grocery Stores Products common—25c
Gulf States Utilities $4.40 pfd—"—100
Gypsum Lime ft Alabastine
:
•
1
Great
Jun
May
Jan
Feb
6% Feb
10
Co
Great Atlantic
13
18%
Locke
Gray Mfg
100
21
Grand Rapids Varnish
..
Feb
*25
Loblaw
v.
6%
B
'
Graham-Paige Motors 5% conv pfd—25
%
Jun
Apr
Monotype Machine
.«■ Feb
54
*
—
•
Apr
A Mar
1
Gorham Inc class A
V
Apr
24%
20%
La Salle
84%
Goldfield Consolidated Mines
•"
Mar
16
Mar
300
Lagendorf United Bakeries cl A—
12% May
Transit common
...
—
National Union Radio
Nelson
ltV Jan
14
13
Lanston
Class
Jun
4% May
100
Lakey Foundry & Machine
Lamson Corp of Delaware—
Jan
14 %
Jun
Jun
19
11% Apr
.
Laclede-Chrlsty
Apr
Jan
v
Stores
Lake Shore
60
47%
20% Jun
Jun
May
104
,
.'Mar
iy8 Mai?
50
Knott Corp common
Apr
12VeMay
3% Mar
14
Mar
18%
—•
common...
700
400
Co common
Rubber Co
(IB)
12% Mar
3,600
Krueger Brewing Co
21%
Sugars class A
Mfg
(DEmil)
Klelnert
Mar
Jan
——
B
Gorham
300
Klrkland Lake G M Co Ltd—
Apr
High
Jan
Apr
Seeley Corp—
Kingston Products
Klrby. Petroleum
5% Jun
x9
9
37%
96%
29
Goodman Mfg Co
200
45%
84% Mar
—--2
Inc
(Adolf) Inc
Cl*ss
Low
11%
King
37%" July
105 %
Range Since January l
High
99%
.
Gobel
11%
80
Kobacker
11
Glenmore Distilleries class B
Godchaux
V;'
40
Jun
52
..
—
2% Mar
...
Coal
Share*
20
5%
16
Gladding McBean & Co
Harvester Corp
>
for Week
■
Feb
2%
110
common
...
Globe-Union
Apr
7%
Jan
Co_._.
Alden
9
—
Sales
Range
preferred--——.——•
4%%
Jan
Feb
—
Gleaner
Glen
8 *
98
preferred
Gilchrist
"ts
27
Giant Yellowknife Gold Mines—
(AC)
6% Mar
.160
Week's
of Prices
'
Kings County Lighting 1% pfd B.
5%
preferred D_—»;———...
9% May
xl05%
Georgia Power $6 preferred
Gilbert
X:
1,400
--1
(6 convertible preferred—.——.
$5
—
.
36%
7% Apr
103% 104
Plywood Corp new com..'iJ
Service
—
.
:
General
Public
7%
.
General
General
.
37%
Adv
6%
—
.
Outdoor
General
7%
7%
Corp common
.>-*+
500
■
.
tie Prief
Exchange
Low
27%
\
Curb
x
3% May
Jans
Last
STOCKS—
York
New
General Electric Co Ltd—
•
,
7
Range Since January 1
Low
2%
5%
WfeEK ENDED JULY 0
for Week
High
2%
5%
2%
—-
Builders
General
5%
Co—
Alloys
Sales
EXCHANGE
CURB
YORK
NEW
FINANCIAL CHRONICLE
(Herman)
Corp.-
Neptune Meter common
Nestle Le Mur Co class A
...
8%
35
7%
8%
35
7%
101% 101%
26%
26%
Feb
Feb
9% May
17 %
Jan
COMMERCIAL
THE
(176)
32
FOR
RANGE
Week'a
Last
STOCKS—
XX-
y'-ir/i'.'-"1'-t 'v:';rX:-
; V'."'
r '•
■»
v>
^
TZa
1%
Y Auction
Y
Co
8
"■
Rosarlo
Y
Y
Shipbuilding
■- •
».
9%
12%
6
Feb
1%
Feb
10% May
75
Feb
Jun
85
May
10% Jan
400
9
31%
350
27
Feb
32
May
100
13% July
15
Feb
Mar.
20,100
%
•
s
Feb
American
North
Class B
North
common
American
North
Central
Northeast
North
Utility
Securities-
May
11% July
1,000
9% Mar
19%
100
12
Feb
400
48%
400
33% Mar
48%
Jun
Salt Dome Oil Co
467/a
47
300
33
48
Jun
Samson
Northern Indiana Pub Serv 5%
Northern
States Power
Northrop
Aircraft
class
102
pfd.100
102
40
15
4
Feb
3% Mar
Jan
97
}■; May
21% May
Mar
2%
90
102
20
20%
25
40%
600
12 Va
1,300
20%
—
11%
12
*
——
Mar
Feb
700
95 Va
Ogden
Corp
Brass
Ohio Power
Oklahoma
Old
common
class B
4%%
Poindexter
Gas
class
B
103
34% Feb
38%
57/a
—1
100
mm —
80
42%
—
Bcullin
Steel
Jan'
Co
100
Jan
Bros Inc.——
1% May
Feb
Jan
48
109%
Jan
39%
Apr
Jun
9
Jan
13
Jun
Jun
Jan
7%
24
May
Feb
15
13
May
91
700
6%
32%
10% May
Feb
pfd
25
341/2
33 %
34%
2,200
Jun
36
Apr
25
31 %
31%
31%
100
29
Mar
32
Apr
60
101
Feb
91
Jan
5%%
1st
1st
Pacific Public
$1.30
1st
Service
104
•
100
Parker Pen
Corp
15% May
Mar
25%
Jun
Feb
33%
Jun
10
Feb
22l/4 July
*llar
13
Feb
31
23%
20%
22
28%
29
5
Parkersburg Rig & Reel
Patchogue Plymouth Mills
Jan
12% Mar
22%
61,600
1
Co__
96
Jun
-11
15%
*
Page-Hersey. Tubes common
•
Pantepec Oil of Venezuela Amer shrs—
Motors
100
106%
23
15%
•
com
preferred
Paramount
104
104
1
21'
——
•
—
29 -
21%
<?
17%
20
Jan
May
24% May
Feb
80
200
105
105
23'
600
-
Peninsular
Telephone
Feb
113
Jun
Corp
Penn-Dixie
Penn Gas
Penn
Traffic
100
~7%
9,900
4%
5Va
140
107% 107%
50
~7
1
Light 4%%
49
26% May
7% July
6% Jan
4% Jun
4
Feb
Apr
101%
Apr
4%
5%
100
Co
—
Feb
2.50
Penn Water & Power
Co
Jan
5% Mar
•
pfd
Jun
42% Mar
2
warrants
class A comihon
Elec
&
46%
~6%
—
25
common
Cement
&
Penn Power
46%
23%
*
common
$1 cumulative preferred
•
47%
46
-
47%
(The)
Pepperell
Mfg
4
1
Co
20
Perfect Circle Corp
Pharis Tire & Rubber
4
657/a
—
39
550
108%
2.50
10%
——
50c
Philadelphia Co common
Phillips Packing Co
4
3%
_•
common
11
10%
7%
•
7%
4
54%
48
5%
Apr
100
Feb
Semler
Governor
Pinchin
•
common
Johnson
Ltd
Amer
shares
29%
—
Radio
Beton
Learner
67
Jan
Pittsburgh Bess & Lake Erie RR
Pittsburgh & Lake Erie
Pittsburgh Metallurgical common..
21*6
Jun
2l| Mar
2
Feb
4
12%
12%
12%
1,500
xll
Feb
39
Mar
16% .18%
400
27
Feb
34
600
10%
Feb
2%
900
19% Jun
3% Jun
~2%
~2Va
~4%
"3%
'4 Va
6,100
25%
24%
25%
1,400
80
80
80%
250
84%
84%
Pneumatic
Polaris
Scale
4%
1
4%
100
4% Mar
10
common.
Mining Co
5
18%
14% Jan
25c
3%
6%
Jan
Jan
&
Alexander
2.50
common
1st preferred-
6%
.
Pratt
Pressed
Inc
Metals
Producers
13%
11
1,900
•
43
42%
8%
8%
150
43
8%
6%
1
*2%
2%
2%
40,300
*
Corp of Nevada
9%
9%
9%
200
Feb
9
8%
Jun
3
Jun
11
May
.
9 % Mar
Service
4%%
of
3
3
3
300
1%
1%
200
% Mar
preferredPuget Sound Power & Light—
$5
.100
98%
preferred
Sound Pulp &
Puget
Pyle-National
Pyrene
Co
5
94%
Jan
99% Jun
95
25
90
Jan
97% Jan
55
55%
Timber
common
50
95
prior
98%
56
43%
:
300
36% .Feb
225
13%
12
56
Jun
14'
Feb
Jan
'
Manufacturing
10
8% Feb
6% Mar
5%
Jun
1% Mav
13
10% Mar
Feb
13
Jan
4
May
15% May
108
60
104
Jan
108% Apr
Apr
Sick's
108
2%
4
Feb
May
16
Feb
20%
12%
Feb
167/a
Jun
76
Jun
18%
Jun
15%
22% May
17 Va Jan
Apr
14%
7%
1,000
~9
"7%
12% Mar
11%
il"
*
*
Silex Co common
2%
108
15
•
Ltd
Breweries
2%
•
of America class A
Shoe Corp
Apr
11%
900
Jun
Jan
Simmons-Boardman Publications—
Amer
35
—•
1
100
preferred
Simplicity Pattern common
Singer Manufacturing Co
Singer Manufacturing Co Ltd—
$3 convertible
7%
7%
250
250
7%
251%
6% Mar
1,500
225
50
Smith
Corp..
Boss Manufacturing common
South
Coast Corp common.
South
Penn
Oil
common
13%
12
California
Southern
4.48%
conv
!
4.32%
cum
Royalty Co
Stahl-Meyer Inc
Standard Brewing
Apr
29%
3,300
8Va
Feb
14 Va Mar
8,800
2% Mar
Dredging
Standard
X3%
900
7%
Feb
*:6%
2,600
3%
Feb
10% May
6% July
5%
5 Va
Oil
45
44
39%
—
33%
20
39%
Jan
47
Jun
Feb
31%
Feb
35%
2,700
Jan
41% May
28% Apr
28 V*
28%
1,600
2,400
26
28%
28%
28
28%
1,200
25
24%
24
24%
700
28
27%
28
Standard Power & Light com
class
8%
8%
300
47%
500
36
12%
25
1%
12
26 V4
3%
Feb
1% May
12% July
19%
kar
26% July
10%
10%
200
9%
Feb
28 Va
28
28%
2,700
25%
Feb
2%
2,500
2%
2%
2%
2%
1%
200
1
4%
3%
4%
4,100
•
67%
67%
68
26%
26%
•
1
1
1
Products
Aluminum
Sterling
•
& Co commsn
Sterling Brewers Inc
SSterling Engine Co——
Inc
(Hugo)
•3
Jan
May
2% May
23 Va
7%
7%
1%
7
3% May
6% Jan
5%
Apr
52%
Feb
68 % May
Feb
27% Jun
23 Vs July
15% Mar
1,400
6%
Feb
3% Mar
100
1%
July
87/a May
-
Feb
22
50
X21%
115
2%
190
"l%
1,100
1,800
•
7
14%
—
%
50
14%
14%
7% Mar
8%
13
Corp..
Jan
Feb
13% May
33%
'
17%
500
15
34%
800
27Va
Jan
15.% Jan
Apr
33%
14%
"3%
;
Jun
5%
17%
"50
3%
20.% Jan
35'
May
7
13% Mar
1,100
2% Mar
15
3%
10
Jan
2% Jan
7% May
,15% Jun
1% Apr
Feb
5% Jan
1
5
Stop & Shop Inc..
1
Stroock (S) & Co common—
•
Sunbeam Corp———————•
Sun Ray Drug common—
25c
Superior Portland Cement, Inc—
•
Superior Tool & Die Co...
1
Swan Finch Oil Corp.—————I#
Stinnes
Feb
3%
1,600
22%
---1
—
'
Feb
6% Mar
200
7
•
(A)
Jun
11% May
29
Jan
1 % Mar
102
Standard Tube class B—
Stein
3%
19%
2% Mar
10%
4%
Steel Co of Canada..
7% May
.
11% Mar
4%
Corp..
4% Jan
Feb
:
Feb
300
3%
~6%
(The)
Feb
Feb
8Va
5,800
1,400
4V4
2%
Corp
Jan
1
12%
*6%
Co
Jun
,
25% Feb
,8%. Jun
48% Jun
3%
100
4
4
1
1
1
Products
29
t.:
t:' 29%
5
*
preferred
Standard
Standard-Thomson
Jun
Mar
22% May
4%' Jan ;;
•
B
May
27%
45%
8%
4
10
1
(Ky)—
Feb
29%
20
1
10
1
Forgings Corp..
% May
1,300
9%
1
common
4
4
9%
•
2.78
Corp
July
3%
44'A
25
25
25
25
1
5
$1.60 convertible preferred
Jun
5
9%
•
Co
r;
3%
25
preference
preferred
Jan
•
5
Edison—
original preferred
Jan
90
4%
10
Pipe Line
Pa
Southwest
4
25%
13%
4%
1
1
1
1
1
12.50
Manufacturing Co
Solar
Soontone
May
Jun
V;-.
•
(Howard) Paper Mills..
8% May
270
Mar
.—100
3.90% preferred
Mar
Mar
3%
£1
dep rets ord regis—
36
May
City Gas & Elec Co—
Sioux
Stetson (J B) Co common
Colorado—
cumulative
Jun
87% Jun
3
100
Sterling
Public
85
"
May
1% Feb
200
Mar
Apr
May
Jan
Jun
Feb
75% Mar
4
62
$7
Mar
1%
•
74
50
4
1,000
Common
44% May
8% Apr
16 ; May
Feb
9%
.
94
Feb
37
400
1
Prosperity Co class B
Providence Gas
Jan
Feb
68%
Jun
14% May
9% Mar
•
America
15
Mar
87
2.50
common
of
12%
.....100
...
Lambert Co.
&
Prentice-Hall
13%
Jun
24% Jan
4% May
27% Jun
1% Mar
13%
~4
Starrett
Powdrell
Power Corp of Canada common
19%
2% Jan
2
1,900
67%
Standard
Pleasant Valley Wine Co
0-
Feb
20% Mar
to
68
Standard
18% July
Feb
Jun
25
common
Feb
Jan
3y« Jan
l7/a Mar
16%
1
.v
500
Jan
8%
.
Feb
2 Va Mar
1
1
1
1
1
*
Jun
Feb
4% May
19%
——
41
72%
% July
July
31%
Standard Cap & Seal common.
Convertible preferred
Mar
58%
6,000
32
3
Jun
800
18%
13,900
Jan
Apr
2%
25
preference
1,100
5
1,700
Va
1
5
preferred
3%
410
2%
800
cum
~2%
72%
3% Jun
3%
2%
12 Va
3,100
Southland
71
1% Mar
2 Va Mar
~2%
——•
Southern Pipe Line
72
200
16%
Jan
13%
2%
20%
Jun
50
2%
i.i.
x3 Va
conv
3%
50
7% Mar
16%
4.56%
~3%
1
—
common
27% Mar
8,000
20
4.88%
2
Piper Aircraft Corp
Pitney-Bowes Inc
4,300
5,400
11 Va
16%
9%
29%
10%
39%
10%
20
Jan
—
.13% Jan
39% July
V$ Mar
10
36%
5
11%
Feb
8
10
10%
•
1
Jun
1
Pioneer Gold Mines Ltd
Jan
Shawinigan -Water & Power
6% Feb
22
6 Ym
Shattuck Denn Mining
8% Jan
9% Mar
100
4% Mar
18%
common
700
29%
300
30%
Spencer Shoe Corp
Pierce
Apr
5%
2%
Safety Control
Serrick Corp class B—
300
7%
Apr
11%
19%
Inc—
Corp common
B)
(R
Sentinel
3% Mar
11
7%
7% Mar
31%
Sentry
7,300
4%
3% Jan
39
Allotment
11% May
6
Jan
200
10%
400
800
Jun
6% May
Mar
1,200
4%
65%
Jun
5%
10%
5%
10
5%
1
prior stock
certificates
$5.50
5%
Pep Boys
11%
Jan
10
5%
1
*
Solar Aircraft Co..
Pennroad
Apr
200
17% Jan
14% May
„
100
Jun
preferred
Pacific Lighting $5 preferred
Pacific Power & Light 5% pfd
Pacific Gas & Elec 6%
16 Va
1,900
—
4% preferred
—
Sherwin-Williams of Canada
9%
14% Jan
2%
stock
Sherwin-Williams
5
Feb
200
16
3%
Sheller Mfg Co.
Pacific Can Co common
8%
2%
Segal Lock & Hardware
5% July
"
7% Mar
3%
Corp General
Securities
Seeman
13
11
200
2%
common
13% May
30% Feb
mm —
11
Jan
8%
-
*
Jan
22%
104%
mm—
mm —
Jan
42% July
Jan
17
1
1
25
A)
Feb-
33
400
57/a
Jun
6V*
25%
.,
4,600
."
—
Inc common
Manufacturing _!
(D
Apr
1%
225
39
—
rnmtm
"Z_i
Securities
:—
Schulte
7
mmmm
mmmm
O'okiep Copper Co Ltd Amer shares
Overseas
RightS- W 1 '
& Fisher Brick Co
Sayre
16
..
*
■
Omar Inc
1%
42
107% 108
—
—1
Distillery
Filters
107%
...15
common
(Del)—;
Inc
Convertible
39
41%
"loo
preferred
Natural
Oliver United
m
common
Corp
United
Oil
Savoy
conv
Selby Shoe Co——
Selected Industries Inc common
1%
...
Co
$2
A
Class
JUn
0
Ohio
-
Scovill
'
40%
1
Inc
Novadel-Agene Corp
1,600
—
—
A— -.25
200
2%
2%
2%
7% May
2% Apr
-
19%
19%
— —
.13%
Feb
42%
16
10
•
50
1
1
25c
Ltd com
pref
i
St Lawrence Corp
46%
"
9 Va
4 Va Mar
100
Feb
6% Feb
1
1,400
Jun
1% May
18%
2,200
-.50
Co
RR
i .37% Apr
20
% Mar
7%
1—5
Oil
Texas
Airlines
Penn
/
8%
T
Aeronautical Co
.
1
Consolidated Petroleum
•
Ryeraon & Haynes common—.——1
7%
—
Mar;.
.
Mar-
12% May
4,100
— —
11%
4%
->
4%39
42
Ryan
11 Va
7*
.93
24% Mar
Ryan
•
A—
class
Rayon
.4%
1.25
Russeks Fifth Ave common
*
7%
U
—
10
1
%
Rotary Electric Steel Co
Rowe (The) Corp common.
Jan
13% Mar
Power common__l
^.,,4% May
t
Jan
23
92
.y
87
70
Jun
■I
North Amer Light Sc
.3^ 14ar
POO.i
-y~
2V4 May
-—5
5
1
Co—«...——
Jun
11%
1
3%
,
£1
Inc
Petroleum
Root
1
% Jun
8% Jan
1
Field
Roosevelt
117
1
Electrfc
High
.
High
Low'-'
Pendleton Inc new com——*
&
Royce Ltd—
Amer dep rets for ord reg
Rome Gable Corp common
105
19%
——
5
.
92
10%
Range Since January 1
Rolls
X92% Apr
10
2,000
16
May
„•/. 3%
90
90
F—100'
Rochester Ga» & Elec 4% pfd
Royallte Oil Co Ltd
Feb
10%
10%
„1
Hundred Corp class B_—
7
11%
5
19-
V' 14% Feb
225
101% 101%
....
&
Niles-Bement-Pond
Mines..—
97/a
104 % 104%
100
—
0%
9%:
300
...
'u*k v
Shares
c—!.■
(Texas Corp) v t
Roeser
2%
13%
17%
'Low,
3%
Apr
V
17%
17%
-.1
v
of Prices
Gas Co—
Valley
Grande
for Week
Range
\
Par
Rio
.———1
Radiator
Richmond
Jan
72%
700
10%-
Jaa
Corp—
shares
preferred
Class B optional warrants
Niagara Share Corp class B com..
Nineteen
>
•
Mar
300
:!/.
-1%
.30
13%
—
2d
Noma
10
May/
i
59% Jan
1,400
-
-; cr
Niagara Hudson Power common— ...I
100
5% 1st preferred
Nipissing
-200
>96
•
Sales
Week's
Last
Sale Price
Exchange
High
82% Mar
3% Apr
-
31%
..10
-
_
Merchandise—— s
5%
V?
..
__
common
Honduras
Founders
•"
•
Co common
N
N
7%
l%
71%
—< >•
N
N
300
x
1.-"-
Mining Co
New Process
&
250
5 Va
Curb
York
New
:
Range Since January l
Low
94
L*
Park
New
JULY 0
Friday
'
70%
EXCHANGE
ENDED
STOCKS—
Shares
10
-
71%
WEEK
for Week
High
93
1
Arizona Land
New Mexico" &
♦
,■>.
4%
.25
—
—
Low
i.
93
.
Coi__ —l- .'4
i£20Vy
-Watch
convertible preferred
"4 % %
New Jersey Zinc...
Range
Par
.ioo»
Tel—.ta.'
England Tel &
New-Hatven-Clock
New
: v
Exchange
Curb
York
New
Monday, July 12, 1948
FINANCIAL CHRONICLE
8ales
#f Prices
Sale Price
.
CURB
YORK
NEW
Friday
&
Jan
17% May
3% Jun
Feb
14% Apr
*
-
,
Quaker
;
6%
Oats
•
common
preferred
93%
93
450
79
150
100
Quebec Power Co
94
152
140
144
Jun
152
July
Feb
12'
•
x96
Mar
4
14% May
Mar
Taggart
Corp
Inc
Technicolor
Texas
R
Radio-Keith-Orpheum option warrantsRailway & Light Securities--*
'
2%
2%
2%
1%
2,100
14% Mar
-
—
Raymond Concrete Pile
$3
convertible
Raytheon
Reed
Roller
Bit
Co
1%
1%
1%
200
28%
29%
36%
150
36%
•
common.
preferred—
8%
£81/2
•26%-
-
-
25%
8%'
5,000
26%
1,700
Feb
.
1% May
Jan
37
Jun
S; 55
'19
*•
Jun
5% Feb.
Mar
-9% Jun
4
Regal' .■ Shoe. Co.—i
i.1 ^
^_1
<•
4%
>'>2Vd
4%
♦
2y#
24%
.!*
4%
2%
900
>
v
,
400
-
IV
2*
3% Mar
1%'Apft
18%
i
.
•v-
12%
2,900
18%
18%
200
18
pfd
5
Light 7%
—
Tilo
Roofing Inc
Realty
Tishman
—
&
Construction
Tivoli Brewing Co
Tobacco
&
Allied
18
18
100
16
1
1
1
14
14%
800
12%
r>rtf
For footnotes see
^,7
page
33.-1
■
29%
20
m
.sojr
"»
24% Mar-.
Jan
Jun
May
Tonopah Mining of Nevada.—
32
15%
14%
15%
7%
7Va
7%
400
5%
100-
53
53
Feb
Jan
•
»17% May
19 % Jun
21
Jan
•"
Feb
11% Mar
700
124'
■
f'May
4)-"
y:.''-; ■,!?•!
-•15< ;
Feb
May
f-18% May
•7% Apr
49% Mar
54
May
Tobacco Security Trust Co Ltd—
,j3 %
Jan
14%
May
31% Jan
May
'/.-A;.. •'1
-—•
Stocks
Jan
11% Feb
—5
dep rets ord regis.
.1
6%
"■-■S
—
'
Rice Stlx
118%
100
2
&
26%
26% July
'-5%
.
Feb
31
12%
£1
Amer dep rets def regis..
—5s
Todd Shipyard Corp new com__I*._20
Toklan Royalty Corp..
70c
Toledo Edison 4%% pfd
100
•
Rels
(Robert)
& Co
.*—•
Reliance Electric As Engineering
31
12%
Co new common
'Corporation common
Amer
*
% Mar;
31
•
Jun
31
30% Mar
52
.
5
___•
%
20%
27% Jun
100
•
Manufacturing common
'3% May
Feb
Thor
-Voting common
u—.
.10
Railway & Utility Investment A.
1
Rath Packing Co common
—.10
Power
12
16
10%
100
•
common
Texon Oil & Land Co
Thew Shovel
Feb
28% May
11% Jan
1
common
Tampa Electric Co common
1%
1%
62%
-
.
37/a
65
4%'
3%
700
450
4,700
98%
98 Va
50
7%
Feb
Feb
S'^.1% Jan
65.
July
5?
"Jun
3% July '
1%
/
Feb
61 % July
'
92
Jan
*
99% Jun
'
1%
1%'
•
1%
'
200
■
1
Mar'
1% May
-
-
v
-
:;■•■
i..:
v.-
V.;-
■:1
v.-
v-?••'••
--r : -v,
/-<.•.
'■ ■
.„v
•
y-\
-i
.
V
Week's
Friday
STOCKS—
York
Curb
Last
Lux
Corp-^iAw.;....*.-..■—
Tri-Continental
Trunz
^
-
V v...-*.
,r ... .7,
,r
''■■■•v.:
■:
•.
Sales
4
YORK
'RANGE
•
* '
•
.
.
Friday
:
~6%
6%
10%
10%
Finland Residential Mtge Bank—
5s, stamped
100
Last
Period
Sale Price
.
-
Bonds
Friday's
or
Bid & Asked
Range Since
Sold
January 1,
Low
No.
High
High
^
38
v
1,800
*
♦
Week's Range
Interest
/New York CurbExchange
Range Since January l
High
3%
-A
■
•
/
Low
5
'
'.'V
33
EXCHANGE
CURB
FOR WEEK ENDED JULY 0
.
" 1
■■■
•:
Shares
3
3
v
• V- «
•
(177)
for Week
5
—mm
warrants........
•
of Prices
Lota
Trans
/•
Range
Sale Price
Exchange
•.
..
NEW
New
'"'V .vyy- r;: ;.V»
■'-."V
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4715
Volume 168
61
Inc..
i
convertible
80c
preferred
*
—
43—.—.1950
Power 3%s—.—1963
is
6s—....—1958
J-J
Grand Trunk Western Ry
100
-
Mountain
Green
200
Guantanamo & Western
.
•
,
Hygrade Food :6s ser;A.^s4-Jah :1949 ~
6s series B........w.-....^Jan 1949
>+-i;
$101%
—
'
3-D
103%
-
W
A-O
"4
103% 103%
$57
58
mm —
A-O
102%
V.iy
$101%
$101%
..
100% 102
:
—
103%
60
56
100%
100%
—
.
102%
103%
'^2*
103%
106%
17%
•'.V
27%
.
u
1% July
UleiV Realization COrp.......i.....l06
Unexcelled Chemical Corp
L
....5
of Canada
*
Union Investment Co_
"4%
"4% ~4%
4
Union Gas
7% a 7%
7%
6%
Apr
8% Jan
5% Mar
100
6%
100
67/8
Indianapolis Powet Jr Lt 3%s—*19t0
international Power Sec—
„
A6%s series 0
1955
a 6 Vis (Dec 1 1941 coup)
1955
A 7s series E
1957
a 7s
(Aug 1941 coupon)
1957
A 7s series F
..1952
A7s (July 1941 coupon)
1952
2% Jun
4% Mar
2,500
:i;. fir
■
6"% July
Apr
.
Union Oil Go of California—
$3.75 pfd series A
Omaha
100
...50c
58
'
*
%
.......
United Elastic Corp.....
United Gas Corp common
.10
United Light & Railways
7
United Milk Products common..-.-—.*
>
5%
47/a
5%
•
common
United Corpwatrants....
.
Jun
62
Jan
700
•"-'%'
ft Feb
36%
200
20%
1,500
16
22%
21%
22%
7,300
Feb
17%
16
16
*
100
Jan
245
..
"l% •"!%
United Profit Sharing com
25c
10 %preferred—..L.-...*i.l0
300
1%
4,350
52%
55
Jun
".cPreferredvi:ji-^i.^_^.fci..^,^;..^...25-
39%
United
12%
1
39%
240
38%
12%
500
8%
54%
55
39%
12
v o
2
Jun
3
*"5
27
27
28%
28
27
28
27
28
27
27
27
10
69%
69
71
62
25%
'-•V'V''
28%
28
■
MM)
25%
25'A
''
——
•
f.
"
;
J-J
—
J-J
J-J
1966
3-D
$.Light 3%s.....^.l969
'i.:-
;
J-J
,A7s ex Nov 1
Kansas Power
/'
'•
1940 coupon
1
1947 .coupon
Power 3%s
27%
17%
28
27%
'55%
.
28
17%
3
:
28%
16%
2
71%
.
19
20
19%
"
-
11
$104%
— —
.V^Kv
•
f-A
..1963
A~0
Light.4%s__p—1967
Jf-8
Extended at -4% to
...
10%
Jan
Jan
New
England Power 3%s
Feb
12% July
N Y
&
-1
'
•
'
$101% 103%
65%
64%
Apr
Jan
62"%
41%
25
•'v'0iV."
— —
U08% 109%
'
—.1956
17
18
'J; y.'.fX-;,
——
19
28%
16
1
$13
mmrnmrn
ft'*
McCord Corp deb 4%s
Midland Valley RR—
Jan
5-'
17
17%
-■
Kansas Electric
5% May
249% Jun
7% May
•
30
July
Jan
'.V-'.
........
Altaliari Superpower 6s.—.—.
35%. Jan
A
5% May
common..
22 %
30
July
Jan
$26
-F-A'
1952
1952
1963
with Nov
a 7s
>
104% 104%
—
Hydro-Electric Co—
Isarco
20% July
Feb
16
25
25'
United Shoe Machinery common.—25
Specialities
Apr
31%
35%
20%
..
mm
(■
.
ADebenture escrow ctfs
v
% May
36% May
- *
<.
Amer dep rets ord regis
United NJ RR & Canal
5% July
70
Jun
.
38 % Mar
—
1
Jan
9,100
62%
%
■■■
3%
18,000
20%
Preferred
United Molasses Co Ltd—
97%
Interstate Power Co—
United Aircraft Products* com.1
United Chemicals
250
95
94%
91% Mar
57% May
94%
•
fctock Yards of
union
M-N
J-D
Milwaukee Gas Si
1961
—2004
Westchester Ltg 4s
104% 104%
M-N
105% 105%
3-D
104
104
"
U S Air
Conditioning Corp
U S Foil Co class B
U
10c
S
and
16%
Securities....*
International
$5
1st
4%
preferred with
3
2%
3
l
...
167/8
16%
Feb
1,600
857/e
86
125"
16 >
16
16%
600
"U -S Rubber
Reclaiming Co.—---—1
United Stores Corp com
50c
Jun
3%S-.-—>—1968
1st mtge 3s——
—
..1971
Ohio Power 1st mtge
19% May
5% May
70% Feb
12% Feb
'
l
...
Feb
1%
3%
;
1%
"2%
"2% "2%
Park Lexlngton
18% May
Apr
2%
lst mtge 3s-ll—--1964
Pennsylvania Water & Power 3y4S_1964
3%s
—1970
May
86
Jan
3
Jan
3% May
900
41% Jun
44% July
500
Piedmont
Utah-Idaho •'•Suga-r..'-.uiii-ii-...i.-...5^
Utah Power & Light comraoa.;Aw.A£--*
44 V4
-42%
44%
28%
28%
19% Mar
22
2%
23% Mar
29
r' -Jan
2% Feb
600
19% Mar
'
•
22
21%
—
3
-
3%
1940 coupon__1960
Jan
22% May
1
common
$4 convertible preferred
Venezuelan
5
Petroleum
1
Venezuela Syndicate Inc
20c
Vogt Manufacturing
•
7%
■
V
■
5Vis series A
82
400
7
10
.
9%
8%
4%
5%
14%
14%
100
Mar
10
78% Jun
6,700
5,900
5
98
Feb
5%
xl2%
Jan
•
-
10%
2% Mar
Jun
5%
Feb
Jan
$2
?
$100%
Waltham
Ward
.
Watch
Co
Aircraft
Mr.-
-■
1%
U
H
200
1
Counties
1%
~3%
1971
Apr
,
Stinnes
2% Jan
»13 ' - Jan
6% Apr
2,200
2% Mar
6,450
2% Mar
Westmoreland
Coal
20
6% Mar
Jan
10
May
115% Apr
Westmoreland Inc
10
Weyenberg Shoe Mfg.
8%
156
200
112
160
10
112
50
140
38%
40%
225
1
(Wm)
& Co
Williams
20
20%
200
Feb
161
Willson
Wilson
S
14%
14%
Wisconsin
Jun
25%
100
Woodall
75
$22%
28
22
30%
1946
A-O
$20%
25
21
30
Electric Service
a 7s
with Dec
ex
Dec
$117
d-O
122
1
a 5s
6%
11%
125
5%
17% Mar
200
Feb
Feb
11
Penn
Traction
80%
1964
$107%
108
1960
120
120
117 *
1959
5s
107%
106
99
Feb
Jan
19
Feb
Jan
102
Apr
3%
May
23%
Jun
12'/a
12
12%
10% Mar
14
17%
18%
13
19%
Jan
9%
Foreign Governments &
Jan
17%
Jan
5s
•
Feb
7%
£1
1
"2%
1
!<N mf0
Apr
1
<N
eJ®
Friday
BONDS"
Interest
Period
Exchange
1,300
Last
Sale Price
~2
2% May
Mar
Interest
Last
Week's Rang*
or Friday's
Bonds
Range Since
Period
Sale Price
Bid A Asked
Sold
January 1
Friday
York
Exchange
Curb
1970
Associated
1953
4%s
Bell
or
Friday's
Bid A Asked
J-J
100%
99%, 100%
42
1955
M-N
102 %
102% 102%
6
1964
J-J
106
106
1
106
1960
J-D
6s
1998
Q-F
1970
$110% 111
J-D
159
159
159
100% 101%
M-S.
97%
105%
1958
A-O
103%
103% 104
5s.
Jan
Debenture 5s
Debenture 5s
Debenture
High
108
1st ref mtge 3s ser P
1st ref mtge 2%s ser
.1st ref
1
Gen
95%
M-Q
J-J
.1969
J-D
103%
1976
J-J
99
A-O
mmmi.
1962
(Bait
M-N
City)—
.....1954
mtge 4%s..i..
98%
City (Peru)
Maranhao stamped
111
Interest reduced to
AMedellin 7s
91
96
67
81
96
98%
71
82%
98%
105% 105%
5
104
105%
15
103
105%
V'
Lackawanna of N J
1st mtge 4s ser A
107
86%
8
Parana
189
*78
88%
103% 103%
1
102
106%
P*1?toR2 y"sb(SCer°A B"C D E)
98%
101
Rio de Janeiro
97%
100%
104%
99
99
10
$97%
98%
103% 104'A
13
103%
Interest
109
ARussian
A
A-O
1993
M-N
Maj
J-J
Elmira Water Lt & RR 5s
M-J
$96%
97%
mm—
112%
.
1956
Co—
,A6%s with Nov 1 1940 coupon..l953
A 6 Vis ex Nov 1 1947
coupon
1953
61%
1
31%
39%
58
84%
60
78
J-D
35%
M-N
-
*71
77
.-
F-A
-.
$68
78
—
J-J
—
+5
M-J
—
M-N
J-D
35% 35%
"
o
s
$12%
14
12
15
—
$25
28
—
24
30
—
$35-,4
—
—
32
39%
....
.
Jf-N
A-O
3-D
3-D
—
J^2%
__
__
..
__
42%
..
--
66
66
66
1
42
22
65
$25
—
—
$42%
$25
44^
44%
22
81
28
—
25
27
14%
14%
16
13%
15%
2%
24
2 4
24
2/a
1
11
18
2/s
24
3A
2%
2%
2%
4
2%
3%
2008
J-J
—
1997
J-J
14%
2012
3-D
M-S
J-J
stamped (Plan A)
reduced
to
Government
5%s
-
—
2%
6%s
1ft
1919
-
1921
—
115
transaction (not incited in year's range). d Ex-interest,
year's range),
f Ex-distribution,
g Ex-stock <div.
hEXprincipal.
nUnder-the-rule transaction (not Included in years range),
rTransaction for cash
(not included in year's range), xEx-dividend., y Ex-rights. ,
'
*Friday's hid and asked prices; no sales being transacted during current week,.
64%
64
65
;
x
A Bonds
*
Elec Mfg
61%
..
•No par value,
a Deferred delivery
eOdd-lot transaction
(not included in
•j/, £lst mtge 4s ser B
.1993
Eastern Gas St Fuel 3%s.........l965
Ercole Marelli
..
„
stamped (Plan A)
f Interest reduced to 2%s
867/«
Division—
; -j
65%
62%
—
_.
A-O
J-J
105'A
Delaware Lack & Western RR—
•V
6%s stamped.1958
(Plan A)
2Vis
2008
stamped
—1951
Mortgage Bank of Bogota—
A7s (issue of May 1927)
1947
A7s (issue of Oct. 1927)
-1947
AMortgage Bank of Chile 6s
1931
Mortgage Bank of Denmark 5s
1972
168
102%
94%
106% 106%
86%
1981
Q
2%s conv debs
Gas
159
High
—
2%s series R
Consolidated
M-S
1977
(Bait)
109%
"l
46
$62%
$62%
Low
No.
_
—1952
.
1969
3s
Consol Gas El Lt & Pwr
<
103 Va
High
,
ALIma
J-J
v:
Danzig Port & Waterways—
AExternal 6%s stamped
Low
102%
1966
.
103%
106%
January 1
1
Cities Service
f
100%
96
Range Since
No.
High
ICentral States Electric Corp—
A 5s (20% redeemed)
1948
A5%s (20 % redeemed) .........1954
)
Sold
106% 106%
J-D
2%s
Boston Edison
.
Bonds
Telephone of Canada—
5s series C
Bethlehem Steel
;/
92%
Agricultural Mortgage Bank (Col) —
A 20-year 7s
April 1940
A 20-year 7s
Jan 1947
Bogota (see Mortgage Bank of)
ACauca Valley 7s
1948
Danish Cons Municipal Loan—
External 5%s
1955
External 5s
1953
Week's Range
Low
Appalachian Elec Power 3%s—
Electric
120
103%
12% Mar
7% May
14
10
l
Assoc Tel & Tel deb 5%s A
Atlantic City Electric 3%s—
99
99%
Low
Curb
__
Jan
BONDS
York
81%
102%
108
Newspaper. Union—
New
New
72
81%
108
May
•
11%
17
150
27%
2030
6s conv s f debentures
24%' Jun
95
17
18
1954
West
9 % May
5%
103'%
Hotel—
debs
income
Jan
100
17
30
102
102
1956
1958
coupon
Jan
100
11
19
28%
$15
Co—
1940
18%
9%
300 -
$26%
102
1949
1947 coupon
1
Waldorf-Astoria
Jan
2
Woodley Petroleum
Woolworth (F W) Ltd—
American deposit receipts
6% preference
Wright Hargreaves Ltd
63
J-J
16%
Feb
9%
22%
100
Industries Inc
65
1946
13%
9%
1
pfd
$62Vi
Washington Water Power 3Vis
West Penn Electric 5s__'
9%
25
*
Pwr & Lt 4%%
l-O
Industries—
stamped
2nd
A 7s
40% July
22%
1
Brothers common
preferred w w
Winnipeg Elec common
1960
United Electric Co of N J 4s
May
Mar
5
•
5%
1989
1950
102 % 102%
May
29
33 |
20 1
10
...
(R C) & Co
Products Inc
5s
inc 5s_
102%
(Hugo)
Western
Wichita River Oil Corp
Wickes (The) Corp
100%
$105
F-A
14 % May
—
1
Whitman
8%
25% Mar
40%
$100
J-J
M-N
3 Vis
Elec
&
Hydro-Eleolflc Co—
A 6Vis with Aug 1 1940 coupon__1953
A6%s ex Aug 1 1947 coupon
1953
2% May
112
160
"
104% 104 Vi
A-0
Terni
6% July
Feb
8%
__
trust
(A G)
A7-4s
Feb
1%
Texas
._
$104
—
1970
Gas
collateral
United
Manufacturing
1.25
Utilities $6 preferred
*
Western Maryland Ry 1% 1st pfd—100
Western Tablet & Stationery com...*
We^t
J-J
__
104% 104%
—
(Hugo) Corp—
A7-4s
3rd stamped
July
6%
5%
4
•
11
110%
"3% ~3%
I
Wentworth
(Calif)
Gas
1st mtge 3s
Southwestern
3% May
May
8% Mar
6%
Corp
Feb
Feb
8 "
107
30
Baking Co warrants
Warner
Gas 3 Vis—.1.1970
Southern California
Southern
1.1973
2
3 Vis series A
104%
M-S
Stinnes
1
preferred
cum
.\t
^
„:
$99%
$113%
A-0
5s
•
Waitt & Bond Inc
'f
-
M-N
Jun
15% May
160
:•
101% 101 Vi
Jf-8
AStarrett Corp
11
-
Lt & Pow 6s B__—_.1952
inc mtge 3s
____196l
Southern California Edison 3s
1965
Spalding
Wagner Baking voting trust ctfs ext.*
7% preferred
-.100
Vr-
A-O
.
W
Waco Aircraft Co
1952
...
Bate Harbor Water Power Corp 3s. 1981
,
7%
■
82
8%
—
160
J-J
"
Scullin Steel
7%
•
^ 50-year 6%;rdebs.^^i.i.^—!.-.1998
; Queens Borough Gas & Electric^
San Joaquin
•
»
92 Vi
105 Vi 105%'
J-J
A6%s ex Oct 1 1947 coupon—.1960
Public Service Elec & Gas Co—
May
50
2,300
-
'
2%
92%
J-J
3-D
'
•
V
Yalspar Corp
A-O
Co—
Hydro-Electric
A6%s with Oct 1
Universal Consolidated Oil new' com.-lO
Universal Insurance,..—.--——..A...10
Universal Products Co common
.10
"tl06% 108":
$102 '103%"
A-O
"*
'
warrants..:..*
U s Radiator common
11%
1,200
4%
4%
2% Mar
1,400
being traded flat.
{Reported in receivership.
-
'
,
->
/;
:
certificates of deposit; "cons," consolidated; "cum," cumula¬
tive; "conv," convertible; "M," mortgage; "n-v," non-voting stock; "v t c," voting trust certificates,
"w V? when issued; "wv," with warrants; "xv," without warrants. .
; . .
Abbreviations used above—"cod,"
;
34
(178)
THE
COMMERCIAL
OTHER
STOCKS—
Range
Sale Price
Arundel Corporation —
Baltimore Transit Co com v t c
5%
1st
preierred
Consolidated
Bait' 4%%
of
Co
,
v t c_
Elec Lt &
Gas
Cent
Shares
Range Since January 1
Low
190
2
Mar
5
12
Apr
23
Jan
Jan
16%
Jan
Convertible
Chrysler
30
108% Mar
1123/4 July
Cities
20
144
Mar
160
May
Club
100
20
L Apr
22
20
Humphreys Mfg
10
22
22
5
25
25%
151% 152
*
61%
*
common
6.75%
New
preierred
prior
Amsterdam
100
Casualty
105
;—2
27%
38
105
23%
Jun
11
106
Co
Service
Alum
U
S
Edison
Fidelity
3.60%
Co
pfd
100
25
Feb
10
92
50
& Guaranty-.
89
Jan
44%
Feb
92
49%
50%
50
70%
Co
»,
Da
series
a
common
:-
Jan
28%
Common
Cumulative/preferred
(new)
Feb
613/4
100
32
Feb
65% Jun
63% Jun
6 %
6%
100
6
% Mar
7%. Apr
25
May
150
92
113
(new)i
523/4
,
■i
Jun
4.
Dodge Mfg Corp common-Eddy Paper Corp (The)
■
Mills
oi
26%
26%
27
27%
30%
50
$18,000
43
Jun
68
Jan
General
ry/o
53
51%
53
2,300
45
Jun
77
Jan
40
60
,
40'
50
Candy
*
Exchange
Last
STOCKS—
Range
Sale Price
.
of Prices
Par
Amer
Agricultural Chemical
American
J
class A
Woolen
*
52%
Copper
Anaconda
Boston &
Albany RR
49 5/a
Jun
52%
37%
Jun
39%
1'
1473/4 Mar
1583/4
106
36% Mar
30%
Feb
40%
158
Mar
125%
Feb
42%
1,686
363/4
Feb
,
193/4
10%
19%
19%
360
18 3/8
Jun
•
23%
22%
23%
280
22 ya
Feb
Cumulative
Apr
[iibby
Boston & Maine RR—
6%
preferred, stamped
1st pfd stamped
5%
10%
pfd
1st
cl D
Personal
Boston
&
Calumet
Cities
Prop
6%
Mass
■X 5%
SS
adjustment
National
First
common
inc
mica
*
—
*
Stores
Capital Corp
General
Electric
Gillette
Safety
Mathieson
Mullins
July
preferred
Minneapolis Brewing Co common
7
110
6 3/a
Feb
7%
Apr
63%
130
313/4
Feb
64%
Jun
Montgomery Ward & Co—-i
Muskegon Mot Spec class A
14%
1100
73/4
5
Jan
10%
Feb
9 3/8
Apr
18
Jun
58
Feb
81
Feb
93
22
50
21
Jun
203/4
21
545
30%
30%
12
58%
59%
275
$1
16% May
20
83
8'4
21%
45.85
45.85
45.85
40%
41%
33%
34%
4
2 6 3/4
Jun
Feb
46.35
3%
Jan
4%
Pacific
45%
40
Rexall
59%
J'un
48
&
16
Mar
Jan
Torrington
5%
Coal
Co
v
33%
33%
15
11
11
11%
220
20%
20
20%
277
37c
35c
37c
11%
93 %
11
11%
93%
95
*.
Co
Potter
Rath
Sangamo
Machinery
U
preferred
Rubber
S
-Z
Waldorf
System Inc.—
Westinghouse Electric Corp
700
B
Jun
Society
14 3/a Mar
21%
Jun
South
Apr
54c
10% Mar
7
12%
83
120
96
•
10%
Mar
14%
Apr
53c
36%
10
20%
21%
1,428
16 %
6%
200
3%
Apr
38c
800
60
11%
7%
7%
73/a
5 3/a
14 %
Shellmar
Prod
Oil
Jun
Feb
85c
Feb
40% May
22 >/H May
Feb
6% July
14 %
Bend
Apr
Jun
St
Louis
Nat
Corp
Armour
&
Co
Mfg Co "common—"
Athey Products,Corp capital
Swift
&
Feb
13%
Feb
11% Mar
15 % May
18% July
Trane
38%
39%
100
34% Mar
41,
May
208
39%
100
353/a Mar
42
Jan
United
2,674
U
Thor
capital
Co
Tool
(The)
La
new
com
stock
Washer
Automatic
Feb
56%
Jan
52 %
Jun
623/8
Apr
Westinghouse
38%
Feb
40%
Apr
Wieboldt
47%
48%
65
38 3/a
Feb
49%
Jun
14%
14%
29%
31
•
50
S
Steel
Avco Manufacturing
&
Corp
Seelig 'class
Week's
Bastian-Blessing
Belden
Mfg
Bendix
Co common
common-—.'
Co
Jan
Wisconsin Bankshares
Jun
Yates-Amer
15
Mach
Berghoff Brewing Corp
—
Blnks Manufacturing Co
capital
;
10 3%
11
25%
1543/4 155%
2,000
13%
Feb
9%
750
Feb
15 3/8
148
Borg-Warner
Brach &
Sons
Bruce' Co
Burd
Piston
Burton-Dixie
Butler
Corp common
(E J) capital—
(E L)
Bros
com
5
Ring common
Jun
10
common—:
6% May
Castle
&
Central
Co
111
Convertible
Fpr
(A
M)
Secur
see
15
Jan
32
F*b
42
May
12%
123%
100
10%
Feb
12% May
26
34% May
Feb
32%
33 %
700
29%
30%
2,600
7%
7%
7%
250
6
Mar
8%
Jan
26%
26 %
26 %
350
25
Jan
28%
Apr
12%
12%
200
34
34
100
32%
29%
1
_5
15%
Mar
34 %
Feb
Oun
Jun
32
'
♦
20
1
25
14
May
34
7% Mar
30
Jan
.
July
3%
3 3/a
200
10%
103/4
10%
50
9%
Feb
11% May
50%
50
50%
400
3 7 V2
Feb
53
15%
12%
Feb
16% May
TVe
Feb
37/a
2% Mar
Jun
Jun
15%
100
x8
12%
5
8%
600
12
12%
950
12
Jun
—
12 %
Jun
33%
333/4
100
30 3/4
Feb
36%
Jan
9 V4
Jan
18 3/8
—
16
21%
Jan
350
283/4 Feb
37
Jan
100
44
Mar
48
423/4
1,100
41
May
42 3/i
100
15
July
18% May
68
Mar
823/4
Feb
33%
18
15
15
*
*
--
500
30%
1,100
18
85
85
15
11
85
82 3/a
30 Va
18
*
common—
200
30%
47%
42 3/a
—
18%
293/4
473/4
30
11
12%
12%
81%
200
25%
Feb
133/4 Mar
80
10
200
Jun
Jun
18% May
Jan
150
Jan
July
85
Jan
Feb
11 s/a
Jan
12% July
14%
Jan
3%
37/a
4 3/a
May
200
2 3/4 Mar
Jun
Feb
16% May
—50
Armco Steel Corp—
10
Atchison Topeko & Santa Fe——100
39 3/a'
38 5/a
39%
400
307/a
Feb
41
26%
Feb
Bethlehem
37%
36%
37%
600
30%
Feb
17 3/8
17
17 3/a
400
167/a
Jun
Steel
St San
com
Mining
Copper
8%
♦
8%
__
....
9%
-
Jun
May
32 3/a May
92 5/a Mar
«...
•
new
common
Canadian Pacific
Certain-teed
Mar
Jun
115
373/4
Gas
System Inc
'
Jun
18%
Jun
May
2% May
6% July
8
Jan
Laclede
3%
400
3% Feb
43/a
100
14
100
10%
Feb
19% May
143/4 Jun
9%
400
6%
Feb
10%
Jun
Jan
8%
Apr
7%
8
■
Mar
300
10%
1
41,
4%
300
5 % Mar
200
103/4
317/a Mar
*
40%
40%
1
4
General Electric Co
1%
100
8
*
——
—
18%
14%
9%
1
Farnsworth Television & Radio
600
18%
(The)
Motors
Curtiss-Wright
•
14%
1
Products
Continental
158% Jun
25
Ry Co
450
4%
4%
4%
600
6 %
6
6%
700
10% July
42 % May
Apr
3%
113/8 Mar
4 3/a
15
Feb
*
36%
16
Feb
7% May
100
32%
Jan
17%
Feb
40
Feb
20%
Apr
Mar
18
150
173/4
36
iod
36
July
36
12
12%
550
11
Mar
14
100
16%
16%
16%
100
58
58
58
Motors
Graham-Paige
Gas
Light
Nash-Kelvinator
American
RR
capital
Co
*
;——10
•
33/4
43/4
Feb
53/4
Feb
6 % May
,
20%
5
Corp
York Central
North
—,
18
17%
20%
18
400
1,000
14% Mar
12%
21%
Feb
18
Jan
Jun
July
'
—
5%
Packard Motor Car
4%
——
5%
1,100
10%
10%
100
233/?
235/a
200
143/a
14%
200
383/a
39
143/4 Mar
16%
Jan
4%
Feb
8%
Feb
11% May
18% Mar
26% May
5% May
13% May
14
—
--
9% Mar
15
Jan
July
15
Feb
17",.
May
Jan
Pan
Amer
Pepsi-Cola
37%
Co
Inc
new
com
*
(The)
Co
Apr
Radio Corp of America
Radio-Keith-Orpheum
May
Republic Steel Corp common—
26
17
17
50
123/4 Mar
17%
50
16%
18%
Apr
14
15%
Jun
6
Jan
38'
May
14%
?
«...
14%
133/4
14%
—-
700
1.9,0,0
•
1
*
31
30%
31%
700
15
21
20%
21%
2,700
26%
28%
9.00
14
13%
Jun
44
Jun
45
x25% Feb
42
8
Feb
23 %
•
«•'
Jan
Jun
May
15•;
Jun
Jun
17%
--
—•
common...:
Jun
51
100
1
33%
——
Inc
Oil
62
100
31%
14%
300
4%
—
Pictures
34
45%
65
31
17%
—■
Pure
-2%
Airways Corp
Paramount
Mar
150
65
——
43/a
250
37%
37%
2
2
Feb
65
Feb
9% Mar
„
11
•
15
15
15
33/4
150
2
113/4 May
8%
6%
1
page
100
1,000
33%
123/4
2%
common
preferred
footnotes
—10
common
Corp
27%
13%
41%
600
Columbia
Jun
36
1
common
350
13
400'
12% May
18
12%
Biscuit
33
413/a
16%
July
31
1%
300
'
'
50
'
Apr
Jan
Feb
10%' Feb
,
2 3/4 May
15%
Jun
common
Socony Vacuum Oil Co Inc
Standard
Standard
Carr-Consol
33
41%
16
133/a
36%
—
•
1
Corp
Jan
Jan
16%
6%
40
(new)_——2%
53/4
31
"8%
&
2
500
2%
Jan
*
Pullman
Laughlin Inc common
Jan
May
1134
93/4 Mar
1
1
263/a
21% Mar
.
Bliss &
Jun
21%
22
Feb
High
Feb
33/4
500
25%
6 3/a
1
Feb
27 %
1634
Stocks—
Anaconda
7%
100
10 3/4
17%
1
4%
20
30%
capital
Radiator
American
Range Since January 1
800
25%
18
200
82%
Alleghany Corp
Air Lines, Inc
Low
6%
5
5%
28%
18
American
High
17%
10
243/4 May
28%
com—12%
preferred
prior
15%
Sales
Shares
14%
*
Aviation
Apr
21 %
xl7% May
5%
10
—
common
33%
Feb
for Week
5
conv
May
May
110
capital (new) —*
Mfg
&
Inc
13% Mar
Range
3
A
10
10%
*
Elec
Cumulative
New
Barlow
Jun
10
400
50
Apr
19
Jan
21 %
28%
5
2
common
Stores
23
882
of Prices
Low
~3%
1,200
Jan
22%
Feb
7% Mar
750
19
Jan
May
6 3/a
1,800
23
37%
May
19
_•
Corp
IncL
Lines
Air
48%
3
common.
15
10%
____25
common
St
Salle
41
2
19%
21
2
capital
Corp
So
575
13%
32% Mar
22 %
_•
common
Stockyards
capital
54%
4
250
Jan
7% Mar
115
Co
39%
1
29%
"
55
5
common
Asbestos
Jan
64% May
19
11
39%
155 %
16%
July
Jun
Feb
483/4 Mar
21
—5
52%
/Too
Co capital-
15
15
Apr
28% May
22%
common
184
5
& Tel
125/a
Jan
Jun
10
9 %
common
14%
Last
Tel
13
10%
11%
200
9%
Corp
18%
Friday
American
29% May
Feb
7% Mar
50
15
59 %«
9%
Corp
39
•
Jun
Jan
29%
9%
•
common
Works
Mach
54%
•
22
__1
—
Castings
74%
73/4
100
9%
Container
14%
Chicago Stock Exchange
Alum
133/4
9%
Stewart-Warner
Stone
Sundstrand
Unlisted
Aetna Ball Bearing common
Allied Laboratories common
Jan
44%
•
1
common
Clothes
Lathe
53
Advanced
21%
*
Standard Dredging common
Standard
Forgings common
Standard Oil of Ind capital
17%
15
163A Mar
1.8U0
58%
1
Corp—
Brand
55
1
Apr
Jan
May
Feb
30
11%
15
10
Spiegel Inc common
Feb
30c
1,543
14%
class
Corp
July
250
Admiral Corp common
9% Mar
1,800
Jan
Jan
10%
Feb
29%
29%
'
•
13%
Par
40
22% Mar
300
10 3/a
8 3/4
50
13%
10.
capital
capital
33 3/a
36%
Sale Price
900
12%
10%
10%
50
,
common—
Co
13%
13%
STOCKS-
27
12
_
25
class A
Cummins
Feb
50c
30%
72
1
common
19% Mar
13%
common
25————25
150
5
common
Elec Co
Schwitzer
*
12%
Co
Shoe
6%%
19%
26
26%
I
common
common
(The)
Packing
10
Fruit
United
400
72
—
19%
Apr
40
10%
183/4
19%
*
10
21%
•
United
39
11% July
Jan
40
Perfect Circle (The) Co new com___2%
Serrick
3/a
common
Union Carbide & Carb
v-
10
6%
10 %
—-
58%
preferred
prior
37% May
3
Union Twist Drill
153% Mar
2%
Penn Electric Switch
Feb
39%
50
——
•
common
Manufacturing
28
*v
1,400
15%
10
25
*
Co
11%
450
34
•
Jan
11
15%
19
34
2.50
;
Inc
14%
22
Sears Roebuck &
13% July
6% Feb
—*
Assn.—
Webster
July
19
Apr
50
25
tnc
Drug
Shawmut
Stone
10
10
common—
Shoe
13% May
55% May
6
850
21%
Bancorp
Bush
Feb
*
10%
9
31%
Mills
Pennsylvania RR
Qulncy Mining"C'o
Reece
Corp
Jun
10
35
10
2.50
North Butte Mining
34 %
10%
common
Corp
.Pennsylvania RR capital
Apr
41%
58%
14%
Jan
Jun
Jun
60
1
8 %
32%
Mar
230
20
Feb
500
7
8
14%
100
100
6%
333/a
26
Oak
May
Feb
423//Veb
290
5
Electric System
Tel & Tel
N Y New Haven & Hartford
200
333/a
50
11%
England
233/4 Mar
200
50 3/4
New England
16% May
8
Sinclair
New
Feb
Jun
32
Peabody
39 % May
300
1
National Service Cos
9%
20%
36%
11
Nash-Kelvinator
50
150
8
50%
Assn
May
4%
14%
213/4
32
50%
1
Racing
5
3% Mar
4%
14%
21%
—
36
11%
Corp
Narragansett
30
11% May
20
Nunn
Jun
42 3A
28
45%
*
9
_*
Illinois
100
Corp
200
Jun
Mar
Jan
Jan
24 %
10
59 % July
31% Mar
«
Standard
Northwest
Jan
33%
38.90
59%
13%
550
North/era
27% July
Apr
Feb
49 % Mar
207
25
18% May
12
9% Mar
300
11%
18% May
Feb
North American Car common—
20
1,741
34%
v
29
11
vtc
common
prior
National
Apr
26%
10
40%
4
500
15 3/a
May
10
5
34
*
11
7
1
West Corp
Miller & Hart Inc
100
4
10%
13
16% July
lot)
1,600
14%
*
Products
capital
Middle
100
common
Chemical
Mfg
Marshall Field & Co common—
Mickelberry's Food
58
50
preferred
common
58
58%
12%
7%
213/4
LI
*
Printing Co common
58
203/t
38% May
Mar
17
—
*
133/4 Mar
14%
Feb
10
283/4
7
210
-~84
10%
28
150
1
common
173/4
*
pid
Theatre
RR
Central
5%
v
Apr
•
15
6%
(Deli
Boston
Loew's
'' Maine
Apr
9
*
Copper,.';
Corp
4
Jan
1
Co
Razor
vlsle Royale Copper
Lam son
May
5%
Jun
Feb
200
17
11%
17%
*
Assoc
General
itKennecott
3
300
Jun
1,250
16%
*
17%
*
Employers Group
106
8%
Jan
7% May
64%
Apr
3%
19%
May
10 %
11
10
•
preferred
McNeill & Libby
16
343/4
16%
1
10
62%
—:—100
—100
B
preferred
Eastern
48
Ry—
Street
preferred
Feb
6%
Co
Range
Copper
32
8%
—;.10
——
50
9%
16% May
11
16%
(new)
10
5
—
Service
Eastern
'-100
RR
Hecla
&
8%
100
•
44
3%
100
(stamped)
Trust
Providence
44
100
class A
Boston
^
100
50% Mar
34%
Jun
13% Mar
333%
capital
Lindsay Lt & Chem
preierred
prior
6% Mar
700
9%
_1
:
common
Drug Co common
Kellogg Switchboard common
Leath & Co common
Mar
28
buu
82
15
Jan
110
Feb
7%
64%
7%
64
——
Katz
Lincoln
7%
May
10%
8% Mar
140
11
——
Harvester
200
16%
__
•
common—;
!
9
16
*
Dk
Corp
International
43% May
100
Herald Traveler Corp
/.• 40
Feb
1,500
1
Pneumatic Tool com
Steel Prod/common—
Indiana
Jun
41%
1
x34%
•
15%
7%
*
common
&
Illinois Brick Co
55 % May
304
124% 125
42
53%
39
115
30% July
99
64
*
Independent
Jun
52%
Corp
83/4
•
Brew. Co capita)—_X
Werner
Hupp
Jun
38%
25
Dr
Heileman (G)
Jun
5
Railway—
Stamped
Boston
75
2,321
\
Mar
25
15
1
lo
common
(W H)
Lakes
<Hein
High
38%
154% 155 s/8
100
Edison
Elevated
Boston
Low
50%
50
American
Tel
&
Range Since January 1
High
Jan
39
29% May
16
5
Hammond Instrument Co common——1
38%
156%
Tel
Bros
Gossard Co
Great
49%
100
American
Boston
*
100
Refining
Sugar
Low
I
25ty feb
2,700
99
99,
Sales
for Week
Shares
400
-
153/4
General Motors Corp common
Gibson Refrigerator Co common
Gillette Safety Razor common
Goldblatt
83/4
10
General Finance Corp com
Week's
112
40
40
•
26%
30
27%
,
inc
America
50
Friday
141
July
50
Boston Stock
'1
115% Mar
523%
61%
■'
*
—.
1978
-
Jan
80
Apr
600
112
.
Jan
106
Flour
4s
f
12% Jun
7% Feb
70
July
25
'
Mar
66
'
BONDS—
Baltimore Transit Co
1,300
8
14% May
Jun
64%
6%
common
Products
Consumers Co—<V
25% July
Jan:
140
27%'
2714
12%
•
Potomac
64%
100
: f
Ll-i'
10% May
Feb
93/4 Feb
300
High
,
64%
64%
10
8%
1,000
65
70
*
2%
Coleman (The) Co Inc
H
Commonwealth Edison common—2a
v > •*'.'
L"'
Vernon-Woodberry Mills—
New
Low
10
*
113/a
——-
Mount
,9%
65
Range Since January 1
High
13% xl3%
65
—♦
;
Shares
Jun
112% 112%
Fidelity & Deposit Co
10
_i
•
preferred
(new)
Corp
LOW
50a
common—
Chicago Mil St Paul & Pac jrtcChicago Towel Co common
Jan
21
13%
Corp
Convertible preierred
Sales
Range
of Prices
Par
■
commonl
& S W Util
Chicago
High
435
16
•
|
3.25
16
100
Week's
Sale Price
Sales
Power
pfd B__
9
Last
16
2.70
100
JULY
STOCKS-
High
15%
•
ENDED
for Week
v
of Prices
Low
f
Monday, July 12, 1948
EXCHANGES
WEEK
Exchange
Week's
Par
FOR
CHRONICLE
Friday
Baltimore Stock
Last
FINANCIAL
STOCK
RANGE
Friday
&
Steel
Sunray
Oil
United
Wilson
&
Spring
1
;
73/a
11% May
Feb
31%
Jun
14%
Feb
23
Jqp
Feb
91
yJun
11%
'28%
Feb
23
Feb
15% May
16% Mar
29
Jqn
14%
1,100
15 3/a May
3%
300
9%
2%
Feb
'3%
Feb
3% May
•
153/4
15%
100
12%
Feb
17 3/a May
1
;
common
500
•
Corp
Co
9
.«—__1
common.—
Corp
8%
69%
—
—25
Oil of N J
Studebaker Corp
—
1
14
~
42.
V
Volume
THE
Number 4715
168
&
COMMERCIAL
FINANCIAL CHRONICLE
il
(179)
35
i—
OTHER STOCK EXCHANGES
"
RANGE FOB WEEK ENDED )l'IT 9
I VHIsy
Cincinnati Stock Exchange
Last
Sale Price
STOCKS—
Par
Balcrank
Baldwin
—:
Cincinnati
Gas
Preferred
16
28%
Cincinnati Street
Cine & Sub
28%
Eagle-Picher
Gibson Art
Kahn
60
93
70
80
1,098
5
May
751%
243
73
102%
Jan
5%
Mar
■p
Jun
Jun
98% May
8%
Jan
75%
75
81
Jan
11
11
14
10%
Apr
13
Jan
17%
17%
18
40
17% July
18
Jun
10
10
21%
22%
24
24
50%
20%
20%
48%
*
—:
Co
44%
*
—.
-
.10
common.
5%
Sons
.50
pfd.
*
Kroger
V^
"
Lunkenheimer
45%
..
6% Apr
,
10% May
19% Feb
15
.
19%
Apr
25% May
24 % Jun
120
49
Jun
58
135
16 % Mar
20% July
48%
10
46% Mar
49 %
45%
284
40%
47% May
100
25
Feb
Jan
Jan
.•
23%
68%
11
67%
Car
Proctor & Gamble
5
23%
11
23%
Motor
Meteor
Jan
99%
981/4
5%
_
(E)
29%
Feb
23
98%
———p
Hobart'Mfg
ry.
Apr
98%
Tel——50
Co
Insulation
Formica
Apr
23
50
Bell
(Dan)
/Crosley Motors
,
19
Feb
5%
Cinn Union Stock Yard
Cohen
168
29%
Jan
20
99
20 •'
———25
—
14%
50
165
981/4
.100,,
-
Cinn N Oil & Texas Pacific *com
;
16
21%
68%
Jan
21% May
591
29
11
50
12% May
July
62 %
Feb
71%
Ale
Friars
4% May
Mar
3
Jan
Gar
Hall Lamp—
"B"
7%
Rapid
U S
7%
70
13%
13%
15
—
Electrotype
Printing common:
13%
:
42
42
Jan
8
Jan
May
15
Jan
6%
13
30
49%
Jan
40
LaSalle
McAleer
National
Week's
Friday
Last
of Prices
Par
Akron Brass Mfg
Alleghany
-
Corp
American Coach
&
Low
.50c
3
5
Body
—
,
$4.50
—
—
33
Gray
Feb
19
Feb
17%
80
81 %
559
75 V4 Mar
81%
34%
Feb
20
105%
Jan
65
26% May
-15
a45%,a461/a
32
43% Mar
51
a
Jones
&
"5
Wayne
15%
Bandini
Jun
Barker
a
15%
9%
Feb
16%
216
22%
100
41
156
29
16% July
Mar
a
a26
23
Jun
31% Mar
43
May
50 % Mar
/ 65
Jun
28
May
21
(Un)
Dist
18
200
380
8%
9%
16%
16%
350
2%
2%
100
.
4
Petroleum
Bros
Jun
Feb
12
10%
16%
Jun
2%
Feb
3% May
"Apr
*
7%
500
57/a
Feb
II1/4
1,000
6
Apr
6%
6%
10
Feb
12
Jan
12%
12%
560
255
11
Feb
14
Jan
7%
11
11%
12%
2
200
6% July
1% Feb
1%
2
400
l7/a
Basin
Oil
Company
Consolidated
1
Co.—--—
Chica
Oil
"2% May
2% Jan
Apr
.
75c
4,500
15%
1,975
Jan
3378
a40%
75
39
Feb
56
26
246
31%
Jan
35
%
215
19% Jan
Apr
Jun
36%
36%
5
29
% Mar
15
15
135
12
Feb
15
14
14
170
10
Feb
15%
6%
Jan
a23
23%
37% May
,
4% Mar
400
5%
May
15
12%
Feb
18
34%
15
27%
Feb
34%
a20% a21
a 13%
-50
39
16%
Feb
22% May
8
7%
Feb
15
a30%
65
22%
Feb
31"%
Jun
al3%
*
a30
Investment
Corp
Colorado Fuel &
Iron
May
Jun
25%
150
103
26
540
48
38% Jun
31% Jan
65y4 Jun
Feb
20% Mar
28
54%
Feb
Steel
Consolidated
18%
19%
550
12% Mar
20%
20%
180
6%
6%
6V2
1.345
47
47%
1,077
i Feb
5% Apr
29% Feb
47% Jun
al0% al0%
130
9% May
12% Jan
•
47%
1
al0%
Douglas
0
Aircraft
Corp
Co
Industries
Dresser
19% May
20% July
7% May
19%
Inc
Emsco
Derrick
Oil
&
16
10
50%
29%
188
21%
100
a58
50c
Inc
a58
29%
14%
Ltd
Co
Farnsworth Tele
Garret
class
61
Mar
Jan
11
Feb
60c
Feb
STiMar
30ya
14%
95c
11%
Jun
July
Jan
Jun
130
10
51
39
Mar
15V2 Jun
64% Jun
45% Jun
92
Feb
85c
80c
14 V2
85c
1
10%
10%
107/a
605
2
10
Corp...
(The)
Corporation
15
15
15
100.
64%
a44J/4
64%
64%
220
41
Feb
47
Apr
General
212
24%
Feb
35
Jun
50
39%
Feb
59% May
Hancock Oil Co class A common
5
82%
Holly
14%
Goodyear Tire & Rubber Co common.. *
2%.
67% Mar
200
2%
Jun
3% May
2% Apr
23
30
19
Feb
24% May
a85
7o
65%
Feb
86%
50
14% Mar
al8% al8%
Motors
1
A
& Radio
__
5
Equip com
45%
a23
(Un).
33%
20%
34%
a85
Tube
33%
a39% a40%
•
a80% a80%
& Chemical1_
Corp
Hunt Foods
Inc
common
Co
Development
Feb
__
1
6.66%
1
common
Corporation
Hupp
*
a44a44V2
505*
127%
131
375
4%
5%
7,299
4%
__
7,200
Jan
Mar
131
19% May
Feb
18% Mar
25
3% Apr
4% May
14%
690
5,300
25c
800
13
Jun
97%c Feb
20c
Jun
17% Jun
1.65
al6y8 al6%
a4%
Oil
a4%
14
1.55
25c
25
15%
Co
Aircraft
__
10%
10%
47
10%
__
48
1,554
1,144
8% Feb
45
Jun
IS
31
29V4
28%
29%
1.60
335
20% Jan
1.35
12,810
1.10 Mar
22%
22%
182
14% Jan
30
Apr
1.60 July
24% Jun
90c
Jan
1% ,Jan
1.S0 Apr
3% Mar
1.55
1
Corp
Members
1
1
1.20
2V4
1.20
2'A
1.25
2%
2,400
—1
1.55
1.40
1.55
4,550
Monogram Pictures Corp
Mt Diablo Oil Mng & Dev Co
1
1
5
1.50
5
1.40
5
1.50
National City Lines
1
1
7V4
20c
all%
7%
20c
a!2
2.70
2.80
Mascot Oil Company
New York Curb Associate
Merchants
DETROIT
Ford Building
Manufacturing Co—
Menasco
Chicago Stock Exchange
Detroit Stock Exchange
Telephone: Randolph 5530
Inc
Inc
-
Pacific Finance Corp
Pacific Gas & Elec
Last
§ale. Price
STOCKS—
Week's
Range
Of Prices
Low
Par
25%
—
Pacific Western Oil Corp
Sales
Shares
Range Since Jaanary 1
High
LOW
High
2%
25%
1%
550
17%
17%
1,386
7%
21%
2% Feb
285
25%
2%
—IllII2
Products
common—
1st preferred
—
Pacific Lighting Gorp common
450
27/a
:
Burroughs Adding Machine
Chamberlin Co -of America
com
Consolidated Paper—
Davidson Bros
Detroit
&
,
Detroit Edison
■
;
7%.
21%
26%
Jun
Oil
Reserve
Rexall
19
17%
100
100
21
23
400
21 %
21%
10%
6%
21 %
10%
4,546
500
6
-
3%
J
25%
3%
963
&
Gas
Drug Inc_
Rice
—
34V8
__
—
10
—
see
page
42.
100
1,300
100
14,950
678 Mar
15c Mar
6% Feb
1.95 Feb
9
May
24c Jun
13% May
2.90 Jun
20%
34>/4
34
54%
55
a55% a55%
335
1,612
15% Mar
30% Mar
21V2 Jun
145
428
33
Mar
47% Mar
35% Jan
55
July
10
49
Feb
29%
12,485
22
Mar
20%
34%
' 34
•'
Ranch Oil Co
Oil Corp
4
Feb
Safeway
36
Jan
28
29
57y2 Jun
32
Jun
6% Jun
5%
5%
5%
750
5% July
VU
7%
7%
5,990
5% Feb
1
1.30
—44
1.25
1.30
46
5,700
42
9,400
85c Feb
15% Jan
49
Jun
5%
5%
5%
200
4y# Feb
7
Mar
17%
41%
19
17%
19%
18V2
41"%
230
997
4iy2
1,200
17% Mar
15% Apr
32% Feb
Stores
20% Mar
Inc—
Co—
Co
—r.
52
52
42%
17c
52
42%
17c
116
410
2,000
175
180
20
35c
38c
29% 30%
al2V2 al3%
1,60,0
3,243
1
—-*
,
7% May
Feb
2%-. Apr*5
843
10%
Feb
25
25%
200
22 % Mar
3%
500
2% Feb
1.30 May
Jun
Security
Jun
Shell Union Oil
Jan
20% May
41% July
Jun
6%
Co
Corp
—
-
9%
5
Roebuck &
11%
:
1
Seaboard Finance
21%
Mar
common—
Sierra
Trading
Corp—
Signal Oil & Gas Co class A
900
1
30
15
25c
%
—
♦
180
1
•
—1
36c
29%
.
46
Mar
28% Feb
12c
122
Jan
.,
Feb
/
B2% May
44% Jun
22c May
180
July
,',- 3% July
13% July
26
3%
May
Jun
Signal Petroleum Co of Calif
Sinclair
Solar
Oil
Corp——
Aircraft
Co
——
-
—
*
-
footnotes
5
Jun
1.75 May
1
•
For
3
Jan
1.05 Mar
2.50
Co
—-
Ryan Aeronautical Company
10%
6% Mar
/
13%
3%
2.70
1.55 July
100
2,900
Jun
7% July
Mar
13%
—1
—1
--*«>•
common
1% May
Apr
12% Feb
7% July
ioy«
6%
10
1
5
3%
——
1%
Sears
—j
r-
Detroit Gray Iron--.
Detroit-Michigan Stove
Detroit Steel Corp—
Electromaster
17%
20
-
Navigation
common
Detroit Gasket-*;
*
2%
10
.
Cleveland
1
1
10
25
.25
*
Feb
95c
Jan
Feb
Republic Petroleum Co common
Richfield
Brown-McLaren-
—
20c
all%
750
Jan
Apr
for Week
,1%
Allen Electric
common
6%
—
1
Corporation Ltd
Nordon
Exchange
Co
Petroleum
Northrop Aircraft
Oceanic Oil Co
Detroit Slock
A
1.70 Jun
34c
Feb
1
10c
—
Co
Petroleum
Lockheed
1.55
1
5
Corp
County Land Co
Lincoln
__
10
10c
Company
Lane-wells
Watling, Lerchen & Co.
33%c
Independent Exploration Co
intercoast Petroleum Corp
Kern
Exchange
July
5% Jun
1.55 Jan
Jun
Katser-Frazer
Friday
....
7% May
f 13% Jan
* IS
Jan
34% July-
6% Feb
7% Feb
lOYs Mar
26
Feb
1
Engineering
a54% a54%
common__
1,220
20
common
Preferred
Consolidated
45%
(Un)
2,100
-
a64% a64%
2.50
34 VB
IlO
12%
v...
15% July
Jun
»
„
11
12%
High
7% Jun
28% Jun
77We Jan
Jun
34%.
a23
4
610
7
10%
;
4% Jan
21% Feb
52 ¥2c Feb
10% Feb
Jun
34%
a50% a50 %
15
"*"■
12%
*
Chrysler Corp
6%
7
10%
20
25
100
60c
•
♦
/
Low
1,910
15%
1
j
V
Range Since Janmry 1
High
5% " 6%
a27% a27%
75c
—2
i
Porp
-.-Broadway Dept Store
Byron Jackson Co —;
Shares
15%
20c
Blue Diamond Corp——
Bolsa
6%
__
Sales
for Week
Range
of Prices
Low
1
10
,—
California Packing Corp com
Mar
a23
Week's
Sale Price
common
Barnhart-Morrow
Jade
Metal
Jan
Feb
Angeles Stock Exchange
Feb
20
—
American
Jan
■'
Jan
175
*
New. York Stock
Jan
6J/a Jan
20
May
.14% Feb
10
10
3Ys Jun
5% May
Feb
103
6%MW
l7/s
14%
24
10
Steel Door
4%
5
Jan
33%
3% Mar
Products
Exeter
Youngstown
•
Feb
Mar
2
17
24
a34%
&
4%
May
29% May
2% Feb
28
150
.1
47% May
Mar
12% July
*
Refining
360
-1
14
150
129
*
common
White Mptor
Youngstown Sheet
2,068
-1
38% Mar
4
a44% a44 %
14%
15%
,
20% Feb
50
8
Warren
115
5%
250
Par
Jun
Ohio
common
Jan
7
Last
89
5%
al7% al7%
U S Steel
Feb
3%
Friday
65%
Metropolitan Paving Brick
ft Y Central RR (Un)
Thompson Products
1%
7
.10
com
6
3
41% Mar
21%
37/a
STOCKS—
Feb
13
•
,
common-
Jan
2% May
2% July
-5
,
Apr
Feb
13
*
—
Jun
37%
5
Creameries of America
Ricjtiman Bros
Jan
19
Feb
..2
Paper
Los
78
a26
1
(Un)___
Standard Oil of Ohio
35
Feb
18
common..
W)
Screw
47%
5
Pennsylvania RR. (Un)
Radio Corp of America (Un)_
Republic Steel (Un)
Feb
12%
100
,
2%
5
Jun '
Jun
33%
1,000
29%
2%
Warner Aircraft
45
*
Kelley Island Lime & Trans
Edison
1%
28 %
29%
-4
30
a64% a64%
_c'
A
Lamson & Sessions—.
100
5
1%
"5%
.1
87
40%
16%
•
*
Laughlin Steel
5
1%
.1
63%
22%
a
10
__
250
Investment
Central
Rayon
2%
Union
87
_i
*
Interiake Steamship
Jaeger Machine
2%
Udylite Corporation
63%
„_4
Halle Bros common
Industrial
2
22%
,4% May
8%
:
Jan
(Un)
class
100
Ju»
Jun
1
109% 109%
a28% a287/a
41%
111%
34%
(Un)
& Rubber common
100
81/4
Feb
Feb /i
3% Mar
10%
28%
Apr
50
*
Cooperage
7
16
300
Jun
80%
Stores
Drug
300
'410
Jun
12%
(Un)
Bros
Jun
Jun
14
IIIi
common
Jun
18%
Jun
1,219
__
General Motors common
Greif
158%
1,044
(Un)
Goodyear Tire
28% Mar
Feb
17
(Un)—
Rubber
Co
101
16%
18%
—-—
Manufacturing
Glidden
147% Mar
a40% a40%
Electric Controller
General Electric
91
16%
com
Cleveland! Graphite Bronze
Consdl Natural Gas (Un)
Erie Railroad
50
al8%
—
preferred
Faultless
23%
4% May
24% Jun
.100
common
Cleveland Electric Illumin
Eaton
2% Mar
a30% a31
Iron
preferred—
4%')
20
17
—1
Cliffs
a3%
15%
Feb
7%
Stamping common
Shirt
Feb
3%
18
■
Jan
14%
20%
Brewing
United
.
37%
Mar
9
Jan
.__1
City Ice & Fuel
Clark Controller
Cleveland
3
al55%
155
a
3%
Jun
50
23%
_100
American Tel & Tel (Un)
3
a3%
—
High
Low
,3.2.0
10%
.
Peninsular Mtl Prod
9% May
8% Jan
feb:;:
14
620
.
%•
3%
common
Raisin
17
37%
Tlvoll Brewing common
Range Since January 1
Shares
15%
■
18
Standard Tube class B
High
3
—1
(Un)
>.■
7% Mar
1
Sheller Manufacturing
-Sales
for Week
Range
,
150
iniii10
common
Scotten-Dillon
Sale Price
9
•
Feb
■
20%
Davis
(H
.3%
'
18% Jan
A4% Jan
1% May
6% May
300
7%
Packard Motor Car
Pfeiffer
800
4%
3%
—-
Mfg
7
5%
20%
Products
Rickel
STOCKS-
__1
_
McClanahan Oil
Motor
Feb
100
855
15%
,
comn*>n
Wines
Apr
Exchange
15%
common.
(S S)_L—
Co
90c
1
9
-2%
Kaiser-Frazer
Kresge
Feb
"
Hurd Lock & Mfg—,—
King-Seeley
3
9%
17
Electric. Motors—-
Hudson Motor Car
200
4%
4%
Houdaille-Hershey ; A-.——Howell
High
.
Mar
3%
6%
1
—5
,
Manufacturing—_.
Hosklns
River
Cleveland Slock
—
Low
-
16
9
9%
1
—.
Qraham Paige qommpn——
Range Since Jannary X
280
1
1
—.
Gerlty-Michigan Corp
Parke
Randall
I————1
—
/•Sharea/;'
18%
3%
—
Industries
Wood
for Week
.
Low* High
18
Frankenmuth Brewing
High
Low
25
3%
21%
8.50
common-—
Range Since January 1
Seles .5/.
,
of Prices
Federal Mogul—
Shares
21%
*
Week
High
3%
3J/4
1_8
■
Brewing
Burger
for
of Prices
Low
.—1
i
Range
Week'e
.! Range
„
Par
Sale*
Week's
Friday
Last
Bale Prlee
STOCKS—
50
32c Feb
15% Feb
8% ,Feb
S5c Mar
32% Jun
14% Mar
,1""Si
•vJ4"
36
(180)
THE
COMMERCIAL
OTHER
Friday
Week's
Last
JULY
9
Sales
Range
.
Shares
Week's
Friday
for Week
of Prices
Sale Price
Monday, July 12, 1948
STOCK EXCHANGES
RANGE FOR WEEK ENDED
STOCKS—
&
CHRONICLE
FINANCIAL
Last
Range Since January 1
STOCKS-
Sales
lor Week
Range
Sale Price
Range Since January 1
Shares
of Prices
'
Par
Southern Calif Edison Co Ltd
25
com
4.83%
cumulative
25
4.48%
convertible
Low
30%
cumulative
4.56%
preferred
preferred
pfd
25
preferred class A
30%
1,977
27 %
100
27%
27%
220
24
24
412
24% May
22% Jan
25%
28%
200
28
Jun
29
Jun
a34% a34%
__
65
33
Apr
34%
Jan
Pacific
Standard
Oil
25
Mar
30%
26
May
27% May
28% Jan
Jun
25
34%
34%
34%
175
32%
Feb
34%
*
62
60%
62
1,635
44%
Feb
62
♦
71%
71%
72
869
55
Jan
72%
of
14
14
141/4
1,202
Union
Pacific
Calif
Corp
,
9% Feb
Aircraft
United
Air
.'
Inc
50c
Transamerica
Corporation
2
Transcontinental & Western Air Inc—5
Union
Oil
United
of
California
States
Steel
common—_25
Corp
Universal Consol Oil Co
*
—_
com—10
new
16
16
150
13
12%
13
2,706
w
13"%
13%
132
38%
37%
38%
3,464
„
81%
81%
533
—
42"%
43%
720
39
Co
Low
com-7
new
com_50
new
Alaska
a95%
10.9
30
30
_
Cons
Chollar C &
10
Mng Co_
Cons
S Mng
a4
Jun
15% May
Bros
-13% Mar
13%
Co
5
Inc.—
♦
Co
Westinghouse Electric Corp
Willys-Overland
Motors
Inc
Feb
(F W)
13% Jun
100
130
2%
Feb
Apr
3% May
58
38%
Feb
49% May
67% Mar
Feb
23
10%
Feb
22
22%
300
18%
Feb
14
May
24% May
30%
560
25%
Feb
33
al0% i 3,10%
25
7%
Feb
11% May
49% Jun
22%
_1
—_10
.
43% July
48%
—
Zenda Gold Mining Co
Jun
5c
Apr
American Stores
1.50
3,400
70c
Feb
1.80
Apr
American
5%c
1,000
4%c
Feb
8c
Apr
Baldwin
Apr
4% May
Tel
24%
—!
-100
—13
Co
25%
902
10
11
11
Jun
Jun
499
17
Feb
11% May
Feb
65%
Jun
7
205
17%
Apr
Feb
52%
575
64%
27 %
158%
22% Mar
147% Mar
260
17%
.
15%
10%
10%
15%
64%
•
High
Low
High
195
24%
15%
Locomotive
Range Since January 1
Shares
154% 155%
-
155%
Works
& Tel
of Prices
Low
*
...
for Week
Range
Sale Price
Par
Mar
3%
Budd
Unlisted
160
.
v
Sales
Week's
Friday
5%c
—10c
48%
44% Mar
Philadelphia Stock Exchange
3c
1.50
July
30%
all% iall%
all%
12%
-
_
38% July
82% Jun
Feb
50
1
15
20% May
21%
1,000
..
19
15
3%
Jan
5c
5c
Co—
Jun
July
20% May
10%
Pictures
Western Union Telegraph
a4
5c
30
Feb
Jan
July
1.10
__
Co_„ —10c
Mng
23%
145
30
a—
w—•
3%
——
10
STOCKS—
Gold
Mammoth
42%
Jun
15
_1
__
——«
'
a—
a48% a49%
10
Lines, Inc
Stocks—
Juneau
Black
High
Low
a95% i 3.95%
41%
285
Last
'Mining
'
High
42%
42%
Corp
United Corporation (Del)
tJ 3 Rubber Company—..
Woolworth
Textron
Railroad
United
Warner
Company
Co
Par
Union Carbide & Carbon Co
Feb
28%
__
'
l
Southern
Sunray. Oil
High
30%
„
25
Southern Calif Gas Co 6%
\;6%
25
Low
27 %
25
4.32%
High
Mar
12
Jun
12%
8
Stocks—■
'
Alleghany
Corp u_
Allis-Chalmers Mfg
American
1
4%
3%
IIIII
Airlines
4%
2,250
3
Mar
4% May
a37% a38 %
•
Co
75
37
Mar
41% May
a8%
—
a8%
75
7%
Jan
10
Chrysler Corp
Curtis Publishing
Delaware Power
American Radiator & Stand San Corp-*
16%
—100
Anaconda
16%
—50
16%
1,064
a64% a64%
$
American Smelting & Refining Co
American Tel & Tel Co
24
155% 155%
—
1,272
12% Mar
16% May
48
65
Mar
148% Mar
-2%
*
Co
May
157% May
Electric
&
Storage
General
Motors
Gimbel
.13%
Light
Copper Mining Co
Corp
Steel
Co
&
—10
(111)
5
Atchison
Topeka 81 Santa Fe Ry -100
"Atlantic Refining Co
25
Avco Mfg Corporation (Del)
3
Baldwin Locomotives Works
Baltimore
& Ohio
Barnsdall
Oil
Bendix
.—13
RR Co
.....
Co
all4%
221
32
Feb
40%
30%
30%
344
27%
Feb
31% May
13%
—
13%
120
11% Mar
242
91
all3%all4%
Jan
Jun
15
May
114%
Jun
49%
15%
49%
332
42%
Apr
49% July
6%
6%
6%
339
4%
Feb
*
52%
51%
52%
145
64%
63%
64%
827
22
22
22%
60
_
...
5
15%
470
12%
Feb
17%
15%
16%
500
10%
Feb
16% May
Jun
5
Corp
a42%
a42 % a42 %
50
33
Feb
44
Jun
5
-
Lehigh Coal & Navigation
Lehigh Valley RR
National Power & Light
—10
II-l
Steel
a35%
a35% a35%
11
27%
Feb
37%
Airplane
Borden
Company
II—5
Co
—15
(The)
37%
25%
--
37%
37%
242
30% Mar
37%
25%
25%
200
23%
Philadelphia Electric Co
114
39% Mar
Feb
Jun
41
—5
Pacific
(J Ii
Jan
8%
110
17
410
a48 % a48 %
..25
Co
•
Caterpillar Tractor Co
47
a 10%
25
37%
a61% a61%
50
53 % Mar
—25
Railway Co
65
a65 a65%
alO%
17
—
Canadian
Case
a65
•
Budd Co
~
Public
Serv
10
Feb
Mar
Feb
El
div
$1.40
&
—10
a61%
14%
f.■
—
87
a61% a63%
*
Commercial Solvents Corp
10%
105,
24
"
Commonwealth Edison Company..—25
»
Commonwealth & Southern Corp..
Consolidated
Edison
Cons
Aircraft
Vultee
Co
(N
-III
Corp
Continental Motors Corp
Continental Oil Co (Del)
Crown
Zellerbach
Curtis
Publishing
*
Y)
—1
1—
•
Co. (The)
3%
700
a24% a24%
50
3%
Curtiss-Wright Corn
<!
Class A
50% May
61
Apr
Sun
Paper
Oil
—
Electric
„
Bond
Co
Share
&
United
2%
Feb
% Mar
9%
235
50
50
a31% a31%
75
27% Mar
10%
100
10%
10%
Jun
6% Mar
Mar
7%
4%
5
63%
General
Foods
•
Goodrich
(B
F)
*
Co
Graham-Paige Motors Corpi.
Great
Northern
Ry
Co
1
Feb
10
*
pfd
II-3
Greyhound Corporation
69
Jun
11%
Jun
International Nickel Co of
International
Tel
Canada
Paper Co
International
&
*
Corp
Gas
Loew's
Inc
4
Light Co
Libby McNeil & Libby
Feb
8%
Gas
Duquesne
Jun
Fort
Jun
Harbison
Feb
Apr
Magnavox
7
——*
24%
Company
—
—13
Robbins, Inc
Montgomery Ward & Co Inc
Nash-Kelvinator
Nat Distillers Prod
42%
Jun
McKinney
40
Jun
Mountain
Feb
14%
Jun
National
a60%
a60% a61%
65
51%
Feb
53 %
Apr
400
3%
Feb
5%
Jan
Mar
37% Mar
48
254
10
13% May
Feb
Jun
Corp.—...—
York
Central
•
RR—
North American
Aviation
Inc—. -"l
Northern
Rwy Co
-100
Pacific
Oil
Packard
•
Company
Motor
Car
*
Co
I2I50
Pan American Airways Corp
Paramount Pictures Inc
Pennsylvania
Railroad
1
50
Co
Pepsi-Cola Co
Phelps
Dodge
Pullman
Pure
Oil
Radio
.33%
—25
Corporation
a
Inc
common-1
St Regis Paper Co
Schenley Distillers Corp
Socony-Vacuum Oil Co—
Southern Railway Co
110
Apr
31% Mar
13
a33% a34%
a59% a60 %
117
48%
a
•
Standard
Brands
Inc
Standard
Oil
(Ind)
—25
(N J)
—25
Standard
Oil
Studebaker
Swift
&
Co
Co
Co
Corp
■
1
—
—
—25
—
Tide
Water
Associated Oil
Twentieth-Century-Fox
For
footnotes
see
H10
Co
—,
page
42.
2%
Jun
3
Apr
11% Mar
125
5,038
24
July
6
Apr
9
5%
4
Feb
4%
180
10c
Jun
Jan
5% July
Apr
12c
12c
14c
14%
14%
14%
50
11% Mar
15
Vanadium
•
37%
37
37%
200
33
Apr
37% May
*
12.50
38%
37%
38'/8
335
32%
Feb
39%
Jun
30%
30%
31
229
25%
Feb
33
Jun
Alloys
Steel
Air Brake
St. Louis Stock
63% May
Apr
6,500
Mar
19c
May
Jan
502
15% Mar
21%
19%
20
332
18% Feb
22% May
Week's
Sales
Last
Range
for Week
Sale Price
STOCKS—
20%
Exchange
Friday
of Prices
Shares
Range 81nce January 1
Jun
Par
.
S
Aloe
Co
common
1.2% Mar
9% Feb
18 % July
American Inv common..
13% May
Brown
17%
27%
Jun
Burkart
Jun
Electric Co
Coca-Cola Bottling
v
Shoe
common
Manufacturing
Century
a40%
a40%
a41
171
26%
Feb
40%
5%
5
5%
1,165
4%
Feb
Columbia
common
1
5
_—
alO% alO%
25
8%
Feb
a23% a23%
140
18%
Feb
26% May
General Electric common
Brewing common
I--."'
"'w•
■
i.
••
*
'
'
5
1
-15
1
Low
Low
High
High
20
20
20
300
20
July
26
Jan
18%
18%
18%
223
13%
Jan
19
Jun
28%
28%
20
27
Feb
32
Jan
18
18%
110
16
20
Jun
12
12
100
10%
28%
28%
28%
50
14%
14%
14%
200
41 %
41%
128
10
common
5% May
11% May
Apr
13%
Feb
26% Mar
Jan
31
May
15
6% Mar
Apr
.
(Un)
(Un)
•
10
1
:■
31% Mar
60
51
Mar
42% May
64% Jun
45
25% Mar
31% Jan
,
64%
63%
64%
21%
955
16%
Feb
21% May
General
27%
27%
27%
14%
50
13%
Jun
22
Jan
6
64
60
64
380
36
May
64
a58%
a57% a58%
Griesedieck-Western Brew
230
41 % Mar
57
May
a45 %
a45 % a45 %
20
48%
Apr
49% May
40
40
175
33
Mar
42%
25%
Feb
44
5
4
1
40
175
Huttig S & D common
Hyde Park Brew common
Hydraulic Pressed Brick common
17%
17%
250
17%
Jun
2%
2%
40
2%
Jun
50
*
*
24
24
24
42%
42%
9%
9%
General Motors common
21%
— —
20%
a
14%
28%
14
a
28%
14
a8%
a8%
30%
493
a8%
31
12%
.
8
Feb
35
8
Mar
1,101
12%
245
22%
Feb
May
15
Jan
11
May
31%
Jun
11% May
13% May
50
26
Feb
32%
21%
1,722
15
Feb
23%
a 49%
a49% a49 %
50
35%
Feb
47
a28%
a28 % a28'%
Feb
28%
Jun
Mar
52%
Jun
a31% a31%
21-
50%
•.«
28%
—
20%
50
Jun
394
a86% a87%
152
28%
670
a33% a33%
72
25%
38
71%
17
Feb
80% May
a65
a 68%
31
a63%
29%
31
a21 a21%
Shoe
common
Shinkle
&
Knapp-Monarch
common
Laclede-Christy common
a*
Laclede Gas common——
Laclede
Steel
—
common
—
Piping & Supply corn-
Portland
Cement
North American common
(Un)—-
Feb
29 %
30% Mar
36%
Jan
53%
Feb
66%
Jun
Sears Roebuck
375
49%
Feb
62%
Jun
1,589,
19%
Feb
32
Jun
Sterling Aluminum common
Stix-Baer & Fuller common
-
r
180
19% Feb
-
5
9%
25
16
16
4
20
common—
Machine
Midwest
Mo
—
1
common
385
a65
a66% a68%
common
International
Johnson-S
Landis
77
50%
27%
Apr
May
Shoe
Preferred
6%
-
*-<r»
:
»
——.
1—25
10
17%
—
24
43%
140
200
9%
9%
110
8
2%
39% Mar
9%
16
5%
20
July
30
Jun
Jan
Feb
Mar
45%
Jan
Jun
12
Jan
Mar
10
Apr
17
Jun
230
14V2 Apr
4% Mar
460
6%
32
32
-
250
24
July
28
6% May
32% May
Mar,..
23
5
22
400
May
13% Mar
23
22
22
Jun
17%
18
329
16% Mar
20
Jun
16%
16%
7
14 % Mar
17% Jan
23
22
S
Jun
Jun
St Louis Pub Service class A
Scullin
Texas Company ———^ —25
*
Texas Gulf Sulphur Co
3
24
May
23% May
1
1
Toy
31% Mar
20%
-1.75
15
3
10% July
27-
Apr
19% Apr
20%
5
.
Feb
7% Mar
10 Va
al5% al5%
•
Corp
Feb
18%
6% May
14
31
Radio-Keith-Orpheum
Republic Steel Corp
21%
106
Mining
Standard Steel Spring
San
Feb
—
Corp of America
3
23 %
10
4%
♦
Company
105
9%
25%
Westinghouse Electric Corp
—
Jan
Feb
Westinghouse
«...
25
Jun
July
.
Ohio
110
7%
Jun
Feb
30%
155
Jun
10
30%
14% Jun
30% July
8%
5'/a
59%
a27 % a27%
Feb
8%
16%
—
10%
Pittsburgh Screw & Bolt Corp
•
Pittsburgh Steel Foundry coramon.-. J
Feb
110
105
39%
42%
11%
Jan
14%
Feb
25
11%
12
34%
a57% a59%
11%
Jun
131
62
Feb
Jun
10%
37%
33%
13
33%'
150
36%
Jan
Feb
Feb
10%
36%
Apr
Feb
High
25
10
12%
8%
LOW
32%
158
336
53
16%
Range Since Jannary I
High
4%
25 % Mar
50
Low
Shares
4%
196
760
for Week
19%
100
10%
Sales
Range
4%
117
2,320
23% May
39% July
22%
16
al7% al7%
Week's
of Prices
1
62
18%
3% May
Feb
Mar
5
16
17%
20%
32
9%
Corp.^
62
17
Jun
July
10
A
New
83
68
Feb
2
748
23
Supply
62
19%
5
187
22%
39%
25%
Manufacturing
Fuel
Fireproofing
16
—
■
21%
39
70%
Apr
1
Pittsburgh Plate Glass
__
3%
21%
10
Feb
10%
60%
10
com—*
:—
Refractories
Gas—
11%
•
Corp
Brewing
Walker
32
__
McKesson &
Pitt
Star
34%
__
68
39% Mar
50% Mar
Apr
355
—
27% July
50% May
365
3%
__
5
215
20
44
69%
68
Electric
&
260
a6%
48%
16%
14%
Brewing
16%
a6%
Feb
31%
22%
a6%
28% July
530
39%
Co
a40
—
28% July
27%
10%
Feb
a32 a32%
23% July
22
10%
(D L)
Jan
a32%
190
Alleghany Ludlum Steel
al5
•
Kennecott Copper Corp
Laclede
•
15
Tel
23%
Clark
9%
25
Jun
Mar
28%
32%
15%
12
25
Jan
67%
Par
43
12
Feb
28
47%
69%
Sale Price
Jun
33%
100
—
21%
45% July
23% July
Last
al4%
a46%
21%
208
952
26%
27%
Friday
233
4%
a467/8 a46%
3,315
23%
13%
STOCKS—
Jun
15%
4%
24%
Apr
July
Pittsburgh Stock Exchange
a38%
4%
Feb
£
45%
—20
Coal
Jun
24%
41
53
23%
"
1—1
common
Improvement
3% July
15%
41
24%
CO
Jun
52
50
28%
—-.
al4%
*
Corp
23%
40%
—
16% Mar
Lone
General Public Utilities Corp
23%
•
28% May
24%
1,850
*
General Electric Co
22% May
Jun
8
20
23%
23%
44%
«
*
Gas
7%
15%
*
—50
common
Corp
United
24%
1
Electric Power & Light Corp
53
Feb
40% Feb
Jun
"25% Mar
21
common—
Co
a23% a23%
common
210
53
7% July
20% July
16%
1,885
45%
May
Jan
5% Mar
1,807
21%
1
18
3,041
Jun
9%
8
7%
20 %
20%
j)
com
Co common
Columbia
—1
6%
44%
*
Tacony-Palmyra Bridge cl A partic
May
Apr
175
10%
Apr
44%
III3
19
14%
a66% a66%
a31%
Feb
%
May
7% May
Feb
4%
21%
common..
Scott
27%
11
9%
9%
50
250
19%
*
65
July
11% May
Feb
10%
—
5
—5
Corp
50
a26% a26%
a24%
Mar
33
220
14 %
a26% a26%
Gas
preference
Westmoreland
Cities Service Company
Columbia Gas System Inc
13
188
%
Jan
Reading
Borg-Warner Corp
25% May
7%
—10
$1 preference common.;
Corp common—
28% Mar
a43% a44 %
-
7
Jun
65
Feb
12%
—50
Pennsylvania Salt Mfg common
Pennsylvania Telephone Corp—
$2.25 preferred.;.
Jun
*;
Corp
Boeing
17%
%
"%
*
Philco
Bethlehem
Feb
50% Mar
7%
«
Pennsylvania Power & Light
Pennsylvania RR
49%
12%
—50
18% May
56% Jan
15% Mar
7% May
15%
-100
:
Aviation
a38% a39%
30%
65
—10
Battery
Corp
Brothers
Pennroad Corp
Armco
Armour
11
Mar
25% Apr
Wagner
Steel
common-,——
& Co
Electric
common
5
May
25
16
May
41%
64
32%
23
41%
5
25
18%
41%
23
5%
<1
15
5%
18%
—50
.——
—
ii«:
100
-
Feb
15% Mar
7
•
Feb
19% Jun
42 Va May
23
July
16%
16%
16%
310
13
Feb
17% May
55%
53%
55%
505
48
Feb
55% Feb
Volume 168
v';,>r
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,
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4715
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EXCHANGES
ENDED JULY 9
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Week's
Friday
Sail Francisco Stock
Friday
Week's
Last
STOCKS—
Sale Price
Alaska
Juneau
Alleghany
Corp
American
Mine
Gold
Co
ve
of Prices
Shares
Low
10
3%
Range Since January 1
High
3%
3%
30
1
4'/a
3%
4%
800
2%
Feb
1
(Un)
Airlines Inc
83/8
8%
8%
163
7%
Jan
(Un)
Meier
10
Frank
&
Menasco
4'A May
4% May
Ward & Co
Montgomery
American Factors
American:
Ltd
Power
(Un)
20
Smelting
Refining
(Un).
11%
*
10%
16%
30
835
12% Mar
16% May
64%
244
51%
67
20% July
7
Feb
Jan
American
Viscose
100
American Woolen
Co
Anaconda Copper
Mining (Un)_.
—
14
(Un)
(Un)
Corp
70%
154% 154%
69%
53%
(Un)-
929
70%
-
53%,
143% Max
50'A
189
*
Feb
420
37
Mar
31
Feb
255
May
Auto
Distillers
Natomas
&
Atchison
Co
(111.)
Corp
Imperial
Avco
Mfg
(Un)
(Un)
Corp
55
May
New
Park
Ohio RR
&
Central
290
40% May
N
American
1,246
28% May
32%
Jan
North
American
Co
100
11% Mar
May
114% May
24
May
North
Amer
6%
Aviation
Bethlehem Steel
Feb
Feb
5 %%
__
37%
9
May
North
Feb
7
May
Northern
230
Mar
360
July
Feb
38
Jun
Pacific American Fisheries
5
—
37%
Jun
Pacific
5
30
Jun
330
Jun
Oahu
Sugar
Ohio Oil
a35% a35%
36% 37'A
26%
10
440
30% Mar
Jun
6%
25%
25%
108
23
Feb
29%
Apr
Jan
5%
a43% a43%
73
41%
Jan
41%
a64%
a65
35
64%
Jun
64%
24%
Jun
Gas
2%
a'22%
a23%a23%
110
0
a33%
a33% a33%
25
25%
Jan
34
May
300
7%
Jun
9
Jan
8
__
8%
"
48%
48%
48%-
*
40'A
39%
40'A
__
*
al7% al7%
62
—
Chrysler Corp
Cities
10
(Un)
Co
a36%
63
47
Apr
51
28
Feb
40% July
1st
Pacific
$5
10
.
19% May
68% May
a37-
1,888
33% May
38
Jun
38%
620
38
Jun
44%
Mar
65%
Jun
Feb
61%
64%
643A
a63
92
al8%
al£'%
20
cl
A-_2%
(Un)
(Un)
0
a
__
—
—
54
430
a61%
__
•
Jnc
Packers
River
Commercial
(Un)
Solvents
Commonwealth
Commonwealth
(Un)
*
——25
Edison
Chemical
Consolidated
4
Southern
&
0
Ind
class
A—*
—
27
—
—
463A
1st
5
Coppermines
Consolidated Edison Co of N Y
(Un)__*
Consolidated Vultes Aircraft
1
Continental Motors
1
(Un)
Creameries of Amer Inc common
1
5%
__
10%
—
10%
34%
34
34%
3,961
—
—25
__
__
34%
31%
27%
1>Q£5
/ 584
25
34
31%
27%
*
55
common
*
(Un)__10
com
$4.20
2nd
$4
CurLis
5
Corp common
preferred
*
♦
*
1
preferred
Publishing Co (Un)
Corp (Un)
Curtiss-Wright
31
—
116
11
8
Tel
&
Tel
*
Co
Dominguez Oil Fields Co
Dow
-
Chemical
Dumbarton
Co
(Un)
*
15
common
Bridge
10
(Un)
—
—
a47%
—
32%
24
a
425
20% Mar
19
95
13% Mar
19% al9%
a27% a27%
5
17%
8
25% Mar
Apr
Jun
24
19'A May
17% Jan
July
29%
Jun
14%
14%
190
10%
Feb
14% July
15
15
200
15
Feb
16
Pan
El
Works
Oil
Dorado
(Un)
Electrical Products
10
*_—*
4
Corp
(Un)
Electric Bond & Share Co
5
Emporium Capwell Co
*
—
__
—
—
—
Eureka Corp
Ltd
1
Paraffine
Food
Pictures
26%
27
3%
22% Mar
315
3%
210
a26% a27%
46%
463A
2%
75
26
Feb
Mar
38 %-Mar
190
Jan
Corp
Dodge
Long
27 Vz
May
3% May
28% May
47 %
Petroleum
Mill
Pure
Oil
f.
4%
Feb
Co
Co
Co
6% May
Rayonier
Paint
General
2nd
Conv
Gladding
400
10 %
Jun
16% Mar
a9%
30
7%
Jan
10%
10%
260
9% May
50% 31'A
100%
101
115% 116%
10%
11
7%
8%
2,397
267/a Mar
88
282
325
1,369
91%
.7%
425
6% Mar
.8%
Jan
29%
6,726
31%
Apr
San
a46% a47%
114
34%
Feb
46%
Jun
5
100
4%
Feb
5%
a44% a44%
22
Mar
43%
Jun
Shell
Republic
13
Jan
34%
Jun
Feb
101% May
128% May
Petroleum
1
103%
Feb
7%
Feb
11%
Jun
4%
Feb
8%
7
29%
5
39
4%
<B
F), Co com
Tire & Rubber
Goodyear
Gt
Nor
Ry
Greyhound
Hawaiian
Hobbs
Holly
Holly
100
"
♦
*
3
preferred
Goodrich
pfd
non-cum
(Un)
(Un)
(Un)
Corp
Pineapple Co Ltd
Battery Co class B
•
*
1
1
lUn)
Development
Oil Co (Un)
Honolulu
Oil
*
Corp
t' Hudson Motor Car Co
y Hunt Foods Inc
*
6.66%
—
—
43%
47%
—
—
3%
4%
•
10
—
and
Fine
W
Inc
Foods
10
Mining
Sears, Roebuck & Co
Idaho
Mary Mines Corp
1
—20
Co
Power
Independent
(Un)
Exploration
Water
Co
Union
510
15%
Feb
20
12%
Apr
13%
Apr
Feb
100
9%
Feb
16
Jun
Jun
763
30
Mar
1.80
2.00
1,610
1.05
14'A
Apr
3
iff
J an
Jan
a6%
50
Feb
*
i
Oil
41'A
732
31% Mar
42% May
140
35
Feb
Southern
51
Mar
a38% a39%
a63% a64%
18 18%
22'A 22%
38
38
690
17%
Jun
64%
I Inter'l Nickel Co Canada
Jan
23
330
22'A July
28
Jan
24
38
July
18%
19
2,007
70
70Vz
a61%a61%
43% 43%
47'A
12
20%
3%
4%
20%
|
International Tel & Tel
Feb
53
66
Feb
72%
Jan
15
53
Apr
55
Apr
177
39% Mar
40
Mar
46'A May
48'
IXL Mining Co
fj
Johns-Manville
Corp
Kaiser-Frazer
Corp
(Un)
Standard
Oil
Co
of
Calif
Standard
Oil
Co
of
N
May
Studebaker
Sunset McKee Co
13% May
Swift
&
20 %
217
Feb
22
Texas
3%
5%
2,025
3% July
Jan
Apr
7%
Jan
5%
Jun
Tide
Co
|Kennecott Copper Corp (Un)
% Kern County Land Co
|| Langendorf Utd Bk class A
10% May
Feb
78
Union',Carbide
Feb
22%
16
500
15%
Feb
19
Mar
400
1.90
Apr
2.85
Jun
United Air
7
Jun
May
31% May
35
13%
17%
14
14
1,044
100
25
15%
32
15%
209
11%
Feb
83c
37%
83c
37%
1,100
60c
10%
10%
1,510
I
Leslie
V i
Libby McNeill & Libby
Lockheed Aircraft Corp
j
Salt
Co
___*
10
48
—
27
27
Jun
Jun
Mar
Jun
July
16%
Jun
Jan
92c
Feb
Jun
34%
8%
43
Feb
15
Jan
Feb
58%
Jun
51
'
28
212
Union Oil
Co
Marchant
Martin
For
Calculating Machine
(Glen L)
footnotes
Co
see
page
42,
&
of
Aircraft
Carbon
Calif
26,500
410
515
11
40
190
180
25
29%
20%
30%
30
21%
31%
2,181
a30% a30%
__
__
—
24%
28%
28%
27%
1,731
845
146
87
204
Jun
Jan
34% May
7% Apr'
15
July
17% Mar
9c
32%
Jan
Feb
18% May
21
21c
May
Jun
41% May
11
July
30% Mar
122
15
Feb
Feb
15%
46%
180
32%
Jan
Jun
July
Jun
14%
Feb
23
Jun
28
Feb
34
May
25'% Mar
22%
Jan
24% May
30%
Jun
25
Jan
28%
Jan
450
28 %
Jun
29
Jun
100
26% May
28
Jun
34
Jan
33%
34
152
62%
60
62%
1,436
29%
29%
45c
29%
45c
28%
267
62
114
—
__
28
32'A Mar
44
22
45c
24
Feb
Feb
May
Feb
72
71%
72
1,292
54% Jan
86%
86%
86%
448
28
23
16
27'A
16
505
30
62% July
30% Jun
1.10
Jan
29
Jun
73
Jun
25
36'A
Jan
52% Feb
66%
Jun
31%
1,995
19% Feb
32%
Jun
13%
9,870
10% Feb
13%
Jan
13%
100
13% July
21% Mar
42VA
43
38%
495
1,201
May
Feb
43
38%
17%
182
253
14% Apr
23% Feb
20
29%
17%
29%
30% May
15%
15%
161
14% Jun
19
3%
3%
82%
25
405
2% Mar
68% Mai-
82% July
44'A
403
42
Jun
44% July
65%
63%
65%
51%
29%
12%
12%
5
13%
13%
•
42%
25
(Un)
com
28%
__
—
12%
5
10
Inc
__
Jun
255
33%
16
33%
__
90%
69% Feb
16% Feb
15 % Feb
32
Mai-
10
Air
(Un)___
Corp
Lines
United
U
Corp
S Steel
Universal
pf
Del
(Un)
41
21 Vz
28% May
16%
Jun
July
38% July
1
Oil
__
Jan
Apr
3% May
•
new
82%
10
Corp common
Consol
Sugar Co
(Un)
44'A
81
42%
—
2.90
2.90
100
2% Mar
3Vz
11
24%
11%
11%
25%
11%
90
182
190
7% Feb
24
Jun
10 A Feb
11%
284% 284%
1.10
1.35
8%
9%
22%
23
10
4,697
730
385
275
31c
4%
19%
Apr
Mar
Feb
Feb
19
30
10%
48
19
31
10%
48
402
16
25%
8%
46
Mar
Feb
Feb
May
9%
9%
25'A
5
Victor
Equipment Co
Waialua Agricultural
Warner
Bros
Wells Fargo
1
20
Co
Pictures
(Un)
.'.
Bank & U T
(Un)_
11%
25%
5
—
100
1
Westates Petroleum com
33 %
60
Feb
35%
10
10'A
22%
500
Apr
14
Feb
Feb
10%
100
24%
„
17%
17%
170
16
Jan
20
37%
37%
37%
20
5
—1
30%
__
1.10
8%
32%
14
301
1.80
10
Jan
Jun
Jan
May
Jan
Jun
Jun
Jun
32
8%
Jan
May
Preferred
West
Indies
(Un)
16%
16%
16%
393
30%
30%
880
17%
17%
50
32 % Mar
9%
24
18%
Feb
Mar
Jun
__1
Sugar
Elec
Willys-Overland
Woolworth
(F
31
Yellow
Co common
May
Jun
Cab
Preferred
Motors
W)
50c
12%
(Un)
Corp
37% July
16% July
19%
23
1
Western Dept Stores
Westinghouse
common
110
19%
14c
41%
4%
Apr
Jan
22%
__
__
*
Macy & Co (R H)
Magnavox Co
15%
19%
12c
41%
Jan
May
Jun
42%
33%
__
7
1
$ Loew's Inc (Un)__
15%
27% Mar
40%
Jun
32
*
1
—
100
2
West
2.35
200
1,400
40
5%
25
Corp
2.30
a57% a59%
47 48% '
32%
10
Oil com
Ass'd
Water
Transamerica
Transcontinental &
16
a59%
32
24%
28%
28'A
27%
25
__
*
5
48%
*
Union Sugar common
320
Jan
25
(Un)
(Un)
16%
10%
15%
1
J
(Un)
52%
1
24
2,936
43%
24%
•
(Un)
Company
1.60
(Un)
(Un)
Corp
107
0
Apr
Feb
11
a30%
151
Inc
220
83c
Feb
36 'A
•
Brands
Feb
32
_P2
22%
20%
180
•
25
Co
Sherry Corp
16%
40
180
125
762
5%
25
Spring Valley Co
10%
a35% a35%
30 30%
a36% a36%
22'A 22 "A
42 45%
1
Pacific
645
14
—
140
Gas—
Series A preferred.
fr-'lthern
12 %
7
28
25
preferred
California
58
100
(Un)
preferred
4.88%
Southern
Utah-Idaho
f;;.
2,052
.
42 3a
25
25
com
preferred
preferred
74
*
38%
190
43
__
29%
21
31%
•
15
Edison Co
Calif
conv
47%
32
(Un)
160
__
♦
5
20 %
__
75
55
45%
Jun
15%
•
(Un)
38%
10
Jun
224
Feb
41%
15
"A"
Co
Gas
cum
4.56%
40% Jun
529
5
13c
*
(Un)
Oil
&
Corp (Un)
Socony-Vacuum Oil (Un)
7% May
41%
—
P 10
Sinclair Oil
42%
41%
33%c
(
10
55
5'A
%■''
20%
41%
__
5
Mauricio
al3% al3%
15%
15%
20%
__
32%
United
Idaho
41
19
45
120
1
73%
20%
16
74
445
29
—
1
9%
—
Jun
650
1
Co
9%
~
13%
14%
32%
Ryan Aeronautical Co
Signal
25
a6%
19
Feb
220
33%
Roos Bros
2%
*
17
Apr
4.48%
common
Feb
629
33%
33%
__
4.32%
Co Ltd
State
Feb
18 %
14%
13%
H32%
25
Standard
Golden
22
135
14
55
•
Jun
—
8% Mar
220
74%
5%
45%
a36%
22%
Jun
—
4%
14
55
__
10
73
45%
1
46 %
38
—
•
Manufacturing Co
Richfield
Oil
Corp
34% Mar
"
»
—
—
(Un)
Republic Steel Corp (Un)
"B" (Un)
38
♦
__
*
Rheem
a40% a40%
com
58%
49
Jun
—
& Co
57%
4
Apr
Mai-
10
Corp
203A
14 %
23%
21%
14'A
»
Preferred
Jun
11%
preefrred
23'/a
20
Safeway Stores Inc
25% Mar
10%
a9%
10%
<021
25
21%
McBean
__
Incorp ..common
100
314
Jun
a39%
a64%
10%
26'A
•
5%
5 % Mar
*
—
10%
26 %
•
America
24%
10%
49
10
10%
P100
$(Jn)
5%
2,083
Corp
2,880
25
Tel
Co
24%
15
(Un)
Food
Motors
157
55%
5%
14'A
(Un)
of
Corp
10%
Corp
General
r32
55%
4%
__
Jun
Cum
General
>»32
55%
5%
33 Vz
Puget Sound Pulp & Timber
Inc
(Un)
15
—
22
208
21 %
Pullman
10%
*
300
50
(Un)
Dist
Phillips
15
(Un)
25%
99% 100%,
1
Phelps
Philippine
10%
Co
25%
—
•
(Un)
Pepsi Cola Co
1
Kleiser
&
General Electric
2
—
*
(Un)
(Un)__
com
Machinery
Foster
1.90
203
•
(Un)
Pennsylvania RR Co
20
Radio
&
115
15%
;___10
Corp—
Companies common
Paramount
Corp
Tele
Farnsworth
101% May
20% Jan
70
15%
—
Oil
Co com
Motor
Soundview Pulp Co
Ewa Plantation Co
15
83
15%
100
common..
Xlfterican Airways (Un)
Shasta
of N J
Kodak Co
Eastman
-
•
com
wi
Western
Packard
S
Doernbecher Mfg
•
55
103
45
46
135Vz 135%
•
Service
Reynolds Tobacco
Zellerbach
Crown
__
10
672
54%
103
—
—
100
preferred
Radio
Consoliadted
25
Cement
Pioneer
Columbia
600
Jan
Colorado Fuel & Iron common
System
95
200-
5%
(Un)
Public
Pacific
1.50 May
Apr
23%
Broadcast
:
15
5
com
Corp
Portland
Pacific
68c
24
Preferred
2.35
6%
__
25
Lighting
Pacific
Mar
600
100
Columbia
2.35
6%
__
5%
Aggregates
preferred
53% Mar
50
1.15
City of Paris Co 1st pfd (Un)
Columbia Gas System
41
14%
preferred—
Preferred
406
38%
—
a61%
52c
40%
__
20
20
(Un)
Electric
&
50c
41
Jan
100
1,270
1.10
2.50
_
Service
a3G3A
1
25
Mining Co
Chesapeake & Ohio Ry (Un)
Eureka
Co
11
52c
•
(Un)
11
1
1st preferred
Rights
Celanese Corp of America
jCentral
20
(Un)
1st pfd
Pacific
25
*
(Un)
Jun
16 % Mar
Ltd
Co
Sugar
5%%
Canadian Pacific Railway (Un)
^Caterpillar Tractor Co^.—.
Railway
(Un)
Coast
5
Cons
Petroleum
Co
Olaa Sugar Co
Pac
A
Oil
Pacific
Occidental
(Un)
Co
27
7% Jun
4%
Ink
26%
16 % July
Feb
Calif Packing Corp common
26%
17'A
Feb
California
65
100
Jan
Boeing Airplane Co
Borden Co (Un)
Borg-Worner Corp
,
81
64
5
3
•
80%
65
12% May
6 Vo
5
84
__
10
10% Feb
1,423
Mills
__
100
100
:
165
9,110
Cotton
84
pfd
500
136
4
25%
Byron Jackson Co
16%
450
25
California
11%
16%
6%
20
(Un)
11%
5%
325
3%
__
17
__
—
16%
4
Sullivan
17%
1
15%
4%
21-
&
Jan
Jun
1.80
18%
(Un)__10
7Q
1
__
(Un)
common
6%
2
5
Inv
American
(Un)
15
Aviation
preferred
6% Mar
Blair Holdings Corp
Hill
•
1.80
—
625
Bishop Oil Co__,—-
Bunker
may
11%
11%
1
(Un)
RR
1
330
*
(Un)—
19
__
16%
—
5
(Un)_
245
20
—
15%
__
100
(Un)
Corp
184
18
13'A
6%
*
__
—1
89'A
20
8
25
Y
Onomea
Bendix*
:
60'/8
18
—
7%
.
13
100
Petrojeum
Bank of California N A
5,100
59
7
__
•
.
13%
114% 114%
22% 22%
7%
3
1
3,500
38c
130
15
13%
__
22%
Bandini
f!
39%
114%
(Un)
35c
36c
•
Co
Mining
29% ^29%
^
(Un)
Locomotive
33c
36c
*
381/4
5
2.50
.?■
Baldwin
Baltimore
33c
5
(Un)_.
Company
29%
(Un)_100
Engine
1,700
34
"70% July
39%
5
__
Diesel
75
2.35
1
Prod
20
(Un)
Topeka & Santa Fe
Atlas
Atlas
(Un)
Fibres
National
North
Armour
23%
2.25
10
Nash-Kelvinator Corp
Jun
_50
Anglo California National Bank
33%
23%
2.30
»"
Co
Morrison-Knudsen
National
American Tel & Tel Co
34
23%-
711
Jun
100
10%
16%
10%
16%
20Vz
64
&
&
Jan
20%
Light (Un)
"
American Rad & Stand Sanit'y (Un)__»
Amer
27
(Un)
15
1
Lode
Mother
Mindanao
14%
lOo
(Un)
M J & M & M Cons
Mar
(Un)
Inc_.
Mfg Co
Range Since
(
High
14%
1
Co
—*
18
Shares
10
Robbins Inc
&
McKesson
High
Low
3% May
(Un)
Navigation Co
Matson
of Prices
Low
Par
for Week
Sales
for Week J
Range
Sale Price
STOCKS—
Sales
Range
Par
Last
Exchange
__
1
10
(Un)
(Un)
—_1_
—
-
—
__
1
25
—
_
—
25%
300
50
425
510
40
8'A-Mar
24
May
24% May
22% May
33%
Jun
11% May
49
Jun
11
Jan
27%
Feb
•
38
(182)
THE
COMMERCIAL &
CANADIAN
RANGE
Montreal Stock
FINANCIAL CHRONICLE
LISTED
FOR
WEEK
MARKETS
ENDED
JULY
i)
Friday
Exchange
Week's
Last
STOCKS—
v
Abitlbl
■'
Power
$1.50
&
Sale Price
Par
,
*
preferred
common—
_
__
_
20
-
*
Acadia-Atlantic Sugar class A
Agnew-Surpass Shoe
•
of
Co
Anglo
Can
Argus
Corp
Asbestos
Bell
Ltd
&
Col
Class
Bruck
Building
Bulolo
17% Mar
*
Oil
——25
Power
Products
•
Gold
100
<55%
Jun
25
25%
540
24
10
10%
210
10 :•>
45
45
7
5% Mar
21%
21%
450
170
7.75
928
7.75
19%
1,665
18%
18 %
120
24%
2414
24%
1,258
26%
26%
26%
395
3%
3%
4
435
Canadian Bronze
Corp
34%
36
1,500
34%
35
510
16
16
30
8%
22
Jan
174%
22% May
Ottawa
L
16% Mar
19
20%
Feb
25
24
Jan
;
Jan
May
27% May
2% Mar
'24%
27
Powell
2% Mar
21
3 Va May
Feb
28%
36
4%.
Quebec
Feb
35
May
15% July
7% Feb
18
Jan
100
21%
955
14% Mar
22
196
27
Jan
29
May
10
25
Jan
29
Canadian
115
11
Mar
12%
12
37
37
19
42
Canadian
30
24% Mar
30
Series
May
21
2,102
17% Mar
23%
43%
43%
50
35% Mar
34
Feb
20%
5
20 % July
21
May
14 %
740
9% Mar
15
18
150
15
Mar
84%
88
455
58
Feb
39
88
Class
39
29
18%
-
..
.
88
Twin
July
35% Mar
39%
22%
Jan
22%
540.
21
13%
14
75
13
12
12
55
12
Jan
12
135
44
Jan
47
Jun
Walker
26 % Mar
36
May
Weston
•
47
30%
30%
45
12%
13
320
12%
Oil
Cos
•
25%
25%
United
Railway
Glass
5%
15
Jan
5%
12% Mar
21% May
6%
16
15%
16
550
116%
115%
.37%
117
1,145
37%
50
32
37%
37%
37%
50
33
19%
19%
19%
345
16% Mar
31%
31
31%
972
27
Feb
22% May
33% May
20%
20%
21 %
326
16
Feb
21%
8%
8%
16
8
Feb
10
Jan
24%
24%
5
24
July
26
Jan
27
27
175
23
Feb
28
35
36
135
30
Feb
38
34
100
32%
Jan
35
....
""""20
Dominion Steel & Coal class B
Red
25
Textile
A
I
..
17%
Feb
Estabrooks
(T
22% Mar
50
23
Mar
H)
22
22
50
20
Feb
22
Gatineau
Jun
15 Va
525
11
Feb
65
450
54% Mar
68
Jan
93% Mar
98 Vi
Jan
10%
I3V2
Jan
July
15-
63%
12%
1,931
11
Feb
160
160
160
1
160
102
102
10
98
July
May
102
»
Steel
Corp
*.
Power
1
Gooderham
(Geo)
& Worts-
common.
,
*
•
•
:
25
prefererd
6%
preferred
Montreal
Light Heat
&
international Paper
see
167
Mar
12
16%
Jun
15
11% Mar
16
May.
10
18
25
July
25
16%
78
19%
7.%,.
-
-
330!
'79%
'80
20
Feb
25
:
Jan
67
130
162
Mar
5% Mar
1,575
79
161%
-.
Jun
8% May.
80
Apr
■
72
Mar
-82v
Jun
160 '
Mar
165
Jan
5% Mar
9
7%
7%«
241
73%
7%
515
5
Mar
22
22
1
21
Jan
22
Jun.
93
•
94
556
69% Mar
96
Jun
29,
395
28 Va
-
%
25 %'
25 '/4 <
100
,
26
-24
75
100
May
8% May
-Mar
31% Mayv
22% Mar
2
93
28
Mar
26%
993
20%
;
100
Feb
43%
43%'
220
34%
Apr
27%
.
27%-
-
'27%!
"50
25%
Feb
5
27%
Apr.
28
■
20
May
Jan,
t,
'
'
27%
45
'
Jun
May>
•
27%vjuly(
29
May
20
100
20
:
22%
Jun
.,;■)
21%
.
Jan
22%
450
21% Apr
23
Jank
26 V2
26
26%'
665.
25
tFeb
28
Jan
36%
36 %
36%-
50
35
24%
24%
247/8
1,020
50
50
50
$51,000
'
*
Mar
37%
Feb>
23% Mar
25%
Jan'
50
Week's
50
Jan
105
4
1.00
Jan
e
&
250
16% Mar
19% May
Belding-Corticelli l'/o
595
14% Mar
18% May
Belgium
350
11 %
Jan
17%
Brand
Jun
330
21%
760
15% Mar
24
75
22
Loup
High
.
11%
11%
95
9
Jan
12%
Jun
12%
13%
1,280
10
Mar
13%
Jun
4%
5-%
20
4
Mar
6%
Jan
160-
160
3
160
Jun
163
Jan
17
20
16
Apr
17
'Feb
40c
100
12%
Paper class B
19
17
Range Since January 1
High
Apr
17
22
Shares
Low
Limited-,—
16%
-.
for Week
of Prices
Jan
1.50
Jan
Sales
Range
STOCKS—
1.50
19%
115
105
105
10
110
5
19
Jun
*
4%
100
pfd
ieo
.
Glove
& Hosiery 5%<pfd—20
& Mlllen Ltd class A_,
_•,
17
40c
40c:
40c
Mar
1.00
Jan '
July
18%
Mar
18% May
24% Jan
Feb
20
Distillers
&
of
Vancouv Ltd_5
:
14
14
Apr
108
Apr
110
13%
Jun
16%
Jan -'
25
11%
Apr
14%
Jun
7
7
310
116
'•117
35
Columbia
Class
Jan
107%
105
13%
"
British
Jan
3%
3%
16
16
16%
3%
•
2,400
16
20
150
16%
2% Mar
14
Feb
13
Mar
250
6%
23%
45
51%
52
995
16
16%
17
7,846
1.55
1.55
1.65
141,383
13
13%
1,300
4
17%
17
Jan
•
•••'
Hosiery
44
43%
14
1.50
Feb
Feb
Mar
&
Malting
Jan
12
Cg
4 Va
4%
112
115
t
Co
Fairbanks-Morse
1.95 Jun
•19%
120
Feb »•;:
20%
47
45
44
Apr
50
Jan
36
10
34
May
36
July
Jan
14
Jan
6%
Jan
25% May
7% July
42
43%
793
29%
Feb
43% July
100
100%
Jun
14 Vi
Feb
24% Mar
103
May ;
15%
„
'
Ltd-....-* •:
17'
17
160
22%!
22%
810
.
14
-
,Feb
v
'
.
18:
Jun
jun"
'
pgnmion.t,.^»-.-*
v
': 22%
169
169
19% Mar
-
162
5
:
Jan
175
■'
74.
75
167
;
61%
•
'
Jan :
75
'■
■'
.
Canadian Marconi cb^.—
Pow
&
Canadian
3
2,620
2%
2%
336
:
13%
13%
50
10
75
130
.:
4%
i4%
49
49%
12
12
2%
--*.,4—1
Ltd com_«
Paper Inv
)5%: preferred,!,--.—-
i-
;
*
,
Vickers 7%
preferred__^_100
Lumber Co.—;
2
Canadian Westinghpu/se Co Ltd—
* '
158
,
<
4%
49
May
"t
158
1.45
July '
2% May i
Jun;
14
Feb
167
201
38
250
.
3
'
Mar
■V/a Apr
3,100
f
Feb
'1.50 Mar
Jan
May JfefT.
'f,
-
Jun
4% May
11% Mar
Feb
80
•
'
' Jun '
'
37
36%
37%
2,064
29% Mar
39%
Jun
66%
67%
2,580
46
Mar
70%
Jun
14%
14%
14%
30,133
11
Mar
16%
Jun
Preferred
125
39
Mar
53
JUB
Commercial
955
10% Mar
13%
Jun
Chatco Steel Products Ltd common
*
Preferred ——.,_T.—10
Claude
Neon
General
Adv
■
8
35c
53
6%
8%
.100
——
Alcohols
Ltd
6%
8%
common...•
preferred
5
-
8%
%" Ma y
•306 Apr:
2,035
'
53
-
••
65
1
"
Apr
3% Feb.
r
;
6%
j
8,
50c
46%
-
«2,650
100
13%
7
25
35c
52
com
8
*
.
11%
19% Mav
Jun
-
Jun
19%
19%
7% preferred
100
Canadian' Ingersol Ran^ Co Ltd-*^.^.* .)
Jun
115
36
53%
Mar
6% Jan
:
78% Mar
225
4.7
;
Industries
investments
3% Mar
13%
*
- Gen
40
13%
134% May v
13
*
Canadian
195
13%
Feb
!
Sugar..*.—±—*
—.—
1
Canadian
7
50%
74
1,241
_1
May
25%
50
7 % Mav '
4% MPT.
12,712
113
I
Dominion
67%
13%
Ltd—
4%
48 % May
35
100% 100%
com
14%
1
"r*»-
Canada
Canada
9% May
Co
^
Jun
25%
,
12%.
100
Canadian .Western
50
A—1)1
Company common
May ;
7
100
cl
Preferred
Canadian
43%
Ltd
:
'
Brown
Butterfly
16%
Packers
B
Jan
102
545
•
•
28
20
Last
Jan
common,.,.... 15
511
16
Canadian Funds
Steel
110
£ 1
page 42.
July
16
7%.,
Glove Works Ltd—
9
Labatt Ltd (John)
.1—
*
Lake of the Woods common..,......*
Lang & Sons Ltd (John A)—
*
Lewis Bros Ltd
*
For footnotes
July
Jun'
48 :•
'25
19%
26
May
•
Ltd
23 Va
44% Mar
Montreal Curb Market
Atlas
48%
.
Serv
20 % Mar
22 %
1949
Acme
34%
International Petroleum Co Xt#.—«—•
International Power
*
International Utilities Corp
..5
Public
109
520
Power—
notes
Jan
19%
,
13%
preferred
International Nickel of Canada
135
565
3,311
48'
Brit Colum Pulp & Paper Co Ltd.com_*
25%
5%
Mar
134
23 %
,
10
,
May
23%
25
——iJ.
Jan
31% July
10
Royal
29
22
common_5
Industrial Accep Coxp class A
46
25
10
Nova Scotia
20
9
„•
;
«
Jan
411
10,
i
Jan
48%
51%
___
4%
16%
44%
30%
Mar
25
__
10
Commerce
Mar
33%
•
Imperial Tobacco of Canada
14 V2 May
10% Mar
35% Mar
28''
Jun
'
'
L_
19
•
Rights
12
675
15%
28 Va
25
25'
-
—9.
25%
ftp
Ltd_„
135
12
15%
94
._*•
Canadienne
Canadian
Mining & /Smelting,.
Oil
14
;
15
16%
16%
*
common
18 :
131
__
•
50
•
Howard Smith Paper
$2 preferred
Hudson, Bay
15 % Mar
23%
—
*.
common
16
*
...
375
„
.47%-'
7%
100
28
18%
100
Hamilton Bridge
18
42
„
•
—
preferred-
Brewers
•
common
Feb
May
30%
161%
•
16%
16
pfd—"——25
Gypsum Lime & Alabastlne-.^._.
08
110
'17''.
■:
11%
78
4
19%
1.50
100
General Bakeries Ltd
General Steel Wares
29
13%
7%.-,
.•
;
28
20
common
96
11%
17%
19%
•
*
common
19%
28
*
preferred
.
11%
Friday
12%
—100
preferred
Jun
Jun
__
13% May
14
12%
*
4.16%
39
44%
__
♦'
f
27% May
27% May
Famous Players Canada
Corp
Foundation Co of Canada
Jun
Feb
30
16
•
—___100
19% May
45
—
21
Feb
23%
25'
7%"'pfd
preferred
preferred-
3%
2,770
Heating Prod
&
Jun
Feb
15%
Jan
47%
•-
Montreal
18
preferred
Corp
Enamel
Jamaica
Jan
27
.
Jun
42
18%
133
*•
,
Bathurst Power
Eddy Paper Co class
Imperial
35
*
Electrolux
.,
38%
26
;
140
168
37
—
50
37% May
100
Paper
Kootenay Power
5 %%•
Mar
Mar
•
Dryden
5%
Jun
17
Ltd
100
28% May
Jan
Jan
25
3o5
Par
Bros
20
"
20
1)2%
)
121%
27
!
5
Banks—
Jun
26
common
preferred
Donohue
-,-p.
16
*
Donnacona Paper 4%% pfd
East
Feb
10
91% Mar
•
common
preferred
Dominion
1%
Chemical
certificates
24% Mar
288
235
.
May
•
23%
&
trust
26
41
"26May
25% Jan
*
Jun
24%
*
•
!i
May
^Mar
Jun
34
35
preferred
43
BONDS—
*
common
:
Jan
IIII25
common
Mar
23
415
__
100
com
Jun
~
preferred
Voting
.Jan^
11% Mar
Dominion Foundries & Steel
Dominion. Tar
-
25
•
Dairies
pfd
_—„
30
5,580
*
preferred
18
1
'
-
44
__
*■
Power
Winnipeg Electric
20
•
Bridge
24
168
14
50
Zellers Limited:
13%
Dominion Glass
7%
Mar
13%
....
Dominion Coal 6%
Dominion
20% Mat
19%
*
Distillers Seagrams
840
1,154
25
49%
'
8
Mining & Smelting
Crown Cork & Seal Co
Dominion
10
150
:;.V
Consolidated
.
18
.
*
common
14% May
13% Apr
19%
.25
_.
'
96
•
Wabasso Cotton
Jan
•
—_ .
Plow
Consumers
Mar
'
common
Canadian. Pacific
Cockshutt
10
250
12%
25 %
Jun'
26
__
,*'
preferred
Canada
Viau...Biscuit
4%%
12%
Apr
13
18% May
*
Locomotive
Canadian
47
4%
City
22%
—
45%
10% Mar
44
Jun
Mar
41% Mar
3ud
12%
24
Jan
"250
44
.
25%
65
*
1
;i 7% preferred
Tuckett Tobacco
Jun
13%
*
'
100
Standard Chemical common
{
Co of Canada common—.!
2214
A
45
41
15
Steel
20
B
Canadian
A
Southern
Jun
17%
*
class
Mar
__
*
Transport
Sicks Breweries
44% May
20%
*
Alcohol
3?
168
44
Voting trust certificates.,
Simpsons class B
L__J
Jan
13%
13%
_
Ind
f 50
38
.•
Sha.winigan Water & Power
Jun
29
20%
20
Investment
Jun
38
14% May
29
20%
•
common
Jarii.
41
37
•
St Lawrence Paper 6%
Jan
•
43
Apr
__
1
—i—
Co_
Power
25
Foreign
*
Lawrence Corp Ltd com
Class A preferred
St Lawrence Flour Mills com
Jan
101%
common
Jun
30
July
Mar
•
45
25%,
—
„•
Rolland Paper common
May
28
98
12
25%
*
_'
May
4
48 %
41,
common
38 *
.18% May
8% May
20
25
Canadian Cottons
•
Feb
70
24
49
-^.100
preferred
Provincial
8%
%
<■*,''
__
__*■
Power
&
River.
July
11
common
B
.
-+
16% May
21 % May
1
47
12%
24
■.
.
9% Mar
38
.
__
...
21 % July
39%
44
5
Price Bros & Co Ltd common—
Apr
Mar
*
pfd
H
36
,
July
Mar
39
__
.»
11
Feb
•
47
47
100
4% May.
Feb
9
B
37'
_
_40
Power Corp of Canada,^
4
:50
Converters class A
•
Rwys
Page-Hersey Tubes
Placer Development
,
Class
Mar
Electric
9
,
series
14
Ottawa
..<•
$1.00
600
Works
Ogllvie Flour Mills common
7% preferred ^—
_iJ
Jun
100
*
Canadian
17% .17%
Locomotive
Jan
9
•
series
Feb
11
100
•
$1.75
34
Apr
*
Canadian Canners Ltd.com
;
J»h
100
common
Celanese
18
215
St
Canadian Car & Foundry common
Class A
;
Canadian
45
37
Feb
17
200
34%
34%
3
7%
Mar
7.75
2,515
26%
2%
29
Cable Co class
1,117
20%
*
_
National steel Car Cnrp
Niagara Wire Weaving ;
Noranda Mines'Ltd—
29% May
17% Mar
160
150
19%
28
&
Feb
24% Mar
29
5%
49
465
29
Canadian Breweries
13
316
*
Canada Wire
Jun
7%
168
19%*
25%
July
45
27%
21
Steamship
preferred
143/4
20
(Robert)
National Breweries common-TrT_.
7% preferred
National Drug & Chemical pid__
Apr
Feb
67/8
21
Canada
Feb
26%
26%
*
pfd
14%
20
«
Api
*
Power
14%
♦
c
Montreal Telegraph
Montreal Tramways
Jan
56%
43-Feb
Canada. Cement cgpimon——i—..
$1.30', preferred..^:—
Canada Forgings class A
Canada Northern
9
33 % Mar
775
5
Canada Safeway Ltd 414%
7% Mar
553
Dredging
Burrard pry Dock Co Ltd class A
,
*
Montreal
63
26%
•
16
__
51
*
___
9
5,157
Apr
51
•
*
i
May
50%
Corp Class A
;
Jf'eb
61
*
common....—*
12% Mar
51
2114
Light & Power—:
1,100
21%
McCollrFrontenac Oil
21% May
16814
B
Mills
125
'
British Columbia Forest Products
British
18%
100
preferred
conv
18%
Paper class A-—_♦
Ltd
American
3%%
18%
*
British American -Bank, Note Co
British
39
—
„„
Trac
36 % Mar
16 V2
11
21>/4
Molson Breweries Lia
50
20
High
10%
21%
Mitchell
2,271
1,580
38%
25%
Low
10%
•
19 %
18%
20%
8%
RaDge Since January 1
High
•
Hign
19% May
18%
50
pfd—.
•
Power
Low
20%
«
•
common.
Mines
Brazilian
25
...
Corp
-
Telephone
Bralorne
pfd—
4%
.
4%%
Co
Corp
Bathurst
.
Can
Electric
Tel
High
8%
Low
Shares
Massey-Harris
Range Since January l
38%
8%
•
Aluminium Ltd
Aluminum
18%
Par
—
——
-
Algoma Steel
Amalgamated
Low
Shares
of Prices
MacMillan Export class A
20%
Paper
preferred
$2.50
of Prices
for Week
Range
Sale Price
Sales
for Week
Range
Sales
Week's
Last
STOCKS—
Canadian Funds
Friday
Monday, July 12, 1948
53
Jan
Jun
Jan
July
6%
Jun
Apr
8%
Jun
Jun
16%
Feb
»
,
v
'
12%
24%
12%
50
24%
24%
90
29
29%
160
20
20
140
16% Mar
21% May
15
15
225
14% Mar
16
11% Mar
; Map
14
Jan
Consolidated
25%
Jun
Consolidated
Paper
27
32%
Jan
Consolidated
Textile
23
Feb
Apr
Div
Stand
Sec
Corp
Mills
iifd
16
*
Ltd.:
.•
Ltd
9
16
'
•20%
20%
5,866
22
22
140
17%
17%
50c
50c
com—*
5% preferred
20
Cub Aircraft Corp Ltd _—"
16
;
20%
17%
'
•
*
'
•
.
14% Mar
■
.
Feb
16
36
300
•
9
May
45c
Jun' '
,
21% May *
24
Jun t
18
Ju.n
95c;;. Jan
;
•
Volume. 168
Number 4715
THECQMMERCIAL & FINANCIAL CHRONICLE
CANADIAN ; LISTED 1 MARKETS
'
•
RANGE FOB
Friday
Week'*
Last
STOCKS
Shares
38
Dominion Square Corp
Dominion Woollens &
Donnacona
Worsteds
Ltd—
Paper Co
16
Low
%
Motor
10
30
Feb
38'/4
38:,/4
183
33
Feb
39 Va
55
25
37 %
Feb
55
July
16%
10% Mar
18'A
Jun
,16'/2
75
22
22%
5,082
42 %
-.
Canada class
A.
42 %
42%
60
2%
2%
2"a
7,400
24%
..
Manutaciunng Ltd
Ford
ot
'
32
24%
60%
Fleet
Exchange
High
32
22
Fanny Farmer Candy Shops
Co
/4
Toronto Stock
Range Since January 1
High
55
--
9
for Week
of Prices
Low
David & Frere Limitce
class A
Dominion Oilcloth & Linoleum
JULY
Sales
Range
Sale Price
WEEK ENDED
59%
25,
715
20
"Jan
36% Mar
32
Jan
Jun
23% May
49
•
SV*
2Va Mar
Jan
Jan
Paper
Hotel
de
LaSalle
_.
Inc
___=»
_
__
5
a
6%
preferred—".
—
—
__
__
!
Scotia Lt & Pr
Crush
Ltd
28%
;
I
10
5
Paul
;•
.
^
Feb
20% July
65%
Jun
19
25 % July
1,000
2%
Jan
July
6%
Jan
"4 ""May
38c
July
6% Jan
28
Feb
41 %c
Jan
Jun
18c
8
Jun
8
200
7
Mar
17
17%
42'A
28%
Purity Flour Mills
68c
Jun
May
6c
Feb
5% Mar
72 %
9%
110%
*
*
Co Ltd com
J
Quebec Pulp & Paper 7%
pfd
Service Stores (Canada)
Russell Industries Ltd
__
109
10
40
,
110% 110%
7%
25
20
20
25
15%
109 % Mar
15%
109
5"% Mar
19
May
109
10%
__
10
7%
10%
53%
53%
20 %c
8c
28
Ltd
37%
Canada
Southmont
Standard
United
Invest
Products
Wilson
6%
Co
Ci
(J
Windsor
class
19'Ac 20%c
*
21'A
pfd
Ltd
40'A
18
21c
15'Ac
Gold
Aubelle
Band-Ore
Base
&
Mines
Metals
Beatrice
Bobs
Bordulac
Mines
Lake
Gold
1
Ltd
Gold
Ltd
Mines
Explorations
Dickenson
1
Mines
Cadillac
Red
1
met
i
1
Mines
1
Mines
Dome, Mines Ltd
Donalda
Ltd—_ 1
Ltd
Lake
1
•
72c
a
•
May
23 % Mar
Mines Ltd
1
.
.—
Sullivan
Elder
Mines
Eldona
Mines
1.09
Jun
*
Ltd.
3.50
Ltd
Gold
Feb
30 %c
Dulama Gold Mines Ltd
East
Mines
70c
Ltd_.
Jan
Jan
Gold
Mines Ltd
Formaque Gold Mines
Found
Lake
Goldbcam
Goldvue
1.56
Gold
Feb
-.
Ltd—.
Mines
Mines
Ltd
2
Ltd
Mines
Jun
33%c
El Sol
39c
*
Mines
Central
15C
35C
1
-
Century Mining Corp Ltd
Cortez
12c 12'Ac
15c
1
j
Ltd
Consol
16c
1
Ltd
Gold Mines
Cartier-Malartic
Gold
Jan
18
24c
Ltd—1
Ltd
Candego
Gold
Jun
•
Ltd
Mines
Centrcmaque
15c
14 %c May
1
Mines
Mines
Mines,
Gold
Ltd
1
Yellowknife
Lake
Bouzan
Minerals
Mining Corp
Red
Beaulieu
Oil
Ltd
Gold
22
*
Mining Btoeki—
Ashley
May
167% 169%
0
md
Feb
Jan
24c
11c 11'Ac
0
Ltd
Hotel
21%
40
A
Jan
38'A
pfd—100
Ltd
Paving & Materials Ltd- —0
Fuel
Wpstecl
Pr
Invest
Jan
Mar
—
Rand
Southern
Jun
7% May
73
9%
___-100
,
14'Ac
5
__
1st pfd—100;
Apr
Mar
4c
13
-
Power Corp of Canada
6%
9.20
32c
25%
97A
Ltd
Jan'-
3.45 May
8.25-May.
19'A
28%
Jan
13%
19'A
8%
43
13%
13
0
pfd
Jun
6
25%
*
com
Stores
Preferred
18
14
May
26%
-
Service
15'A
50
__
—
--
Mfg Co Ltd
V-
j
45
Jun
25
5.
__
.
Jan
12
6'Ac Mar
Orange
„
41
Jun
6
♦
Corporation Ltd
Mount Royal Rice
Mills' Ltd
Paton
Jun
27
27%
27%
8
20
a—-
Paper Co—
Moore
Nova
3%
6
__
a
common-
—2
Ontario
&
20 Ya
.
Ltd—
t .6%%' conv
preferred
Melcners Distilleries Ltd
Minnesota
3%
„
__i—20
Lowney Co Ltd (Walter Mi
•
MacLaren Power &
Paper Co—L
*
Maple Leaf Milling Co Ltd
0
Maritime Teleg &
Tel-common——10
Co
Feb
1,560
'
Hydro-Electric Secur
Corp
International Nickel T/t pfd
International Paints 5%
pfd
Investment Foundation com
Massey-Harris
Jun
16
25
Halifax Insurance Co
Hinde & Dauch
62
50
com.
-T_.
Feb
25
Class A preferred
60%
42%
545
Companies
Great Lakes
Paper Co Ltd
Jan
8
Fraser
21
Ltd
Hollinger Cons Gold Mines
Ltd.
Hudson-Rand Gold Mines LtdInt
Uranium
Jack
Lake
Mining
Mines
Joliet.-Quebec
Co
Ltd
Mines
1
Ltd
•—
KerrlAddison Gold Mines Ltd
Lingman Lake Gold Mines-Ltd—
Lingside. Gold Mines Ltd-!
Louvicourt Goldfields Ltd
...
Canada
Mqlntyre-Porcupine
V XMeChi
Cons
—
Mines Ltd
—
i
_
Dredging__l—
Canadian
Canadian
Xvi.iti v" 'V
.
Breweries
—
Mines Ltd
Cadallic Gold Mines
Ltd
I Quebec Labrador Development
t Quebec Manganese Mines
Canners
common
1st preferred
Convertible preferred
O'Brien Gold
Pandora
common
Canadian Bank of Commerce
Normetal Mining Corp Ltd
5
S S Lines
Canada Wire & Cable class B
Macdonald Mines Ltd
—
Canadian Car common..
:
ClSLSS
___—
A
— —
Canadian
I Quebec Yellowknife Gold Mines Ltd—
Celanese
—
r——
r-.
——
common
Preferred
'
Rochette
Gold
Mines
Co
Ltd
H Santiago Mines Ltd
"■1
Sherritt-Gordon
| Siscoe
Mines
j Sullivan Cons
Vlnray
.—50
Mines
Canadian
Class
(1944)
Ltd
Mines Ltd
Malartlc
Industrial
B
5%
Consolidated
Co
Ltd—
Homestead
Oil.
2.85
Oil
Co
14c 18'Ac
New,. Pacalta
Okalta
Oils
Royalite.' Oil
Co
common
Tire
Canadian
Cariboo
Railway
Corp
26%
1——-
Ltd
--
32'Ac
1.82 May
19
For footnotes see
page 42.
Apr
Apy
Castle-Trethewey
Central
Leduc
Central
Patricia
Oil
Gold
Mines—
Jan
103%
Jan
2.65
Utilities preferred
Gold
9.65 May
Oils.
Ltd
Pacific
Canadian
3.10
2.25 May
Ltd
Oil Cos
preferred
Canadian
Gaspe Oil Ventures Ltd.
Home
"A'
::
Locomotive
Canadian Malartic
Canadian
Oil
Alcohol
Canadian
—
Mines
•Oil Stocks—
'.Anglo-Canadian
common.
Class A
Ltd
Gold Mines Ltd
Stadacona
■
Canadian Food Products
Jan
40
(184)
THE
COMMERCIAL
RANGE FOR
%
A.
Friday \
u
Central
.v,
-
.
Porcupine--——
Chatco Steel
common
Low
l
*
___
12
12
JULY »
'
Friday /
*'■
Range Since January
Shares
High
15c
»
MARKETS
WEEK ENDED
•
V-
Last-'
•
for Week
Range
of Prices
,Par
_
Sales
Week'*
Last
Sale Price
Monday, July 12, 1948
CHRONICLE
FINANCIAL
LISTED
CANADIAN
STOCKS—
&
15c
•
>
-,<
5,500
12%
K
.LOW
.
13c
•
13
1
A'.'
>
Far
...
Jan
Great West Felt
Feb
Guayana Mines
Week's
>
■
';
of Prices
-Range Siact Jsmuary 1
Shares
Low
High
Low
15%'115
15'A
preferred-—. 7'A
Sales
for Week
.Range
Sale Price
_I
Great West Coal
Jan
33c
Mar
11% Mar
500
High
,
.
STOCKS—
1
'7»A
7'A
HiOh
•<:
8'^ Jun
Feb
7'A
50
-
Juiy
'15%
10% Mar
'
■■,
-
'•
Preferred
7Va
•
Chemical
Research
Cheskirk
Mines
1
—
1
'
8
-
4c
5c
2.50
2,493
Mar
65c
4c
6,800
2.21
1
—
Mar
8%c Jan
Gulf
Lead
,'i
Mines
1
Gunnar Gold
Chlmo
Mines
Gold
Malartic
3c
Willans
Cockshutt
12c
Plow
3c
1.80
1.87
15%
1
23c
23c
l
5'4 c
5'AC
_*
Yellowknife
Commonwealth Petroleum
4 54c
54c
16%
7.
5,200
r
23c
54c
2.20
1.90
1
:
580
500
5,500
3,200 1
^
3c
•
Feb
16c
Apr
5c
Mar
46c
Apr
.
;
—___1
Mines
__
Bridge
______•
9'A
Cotton
Consolidated
Bakeries
Consolidated
Beattie
•
1
1
Harricana
Apr
170
Apr
500
65c
Apr
1.10
5
Consumers
Gas
116 %
13%
100
12
Apr
16%
Jan
60c
4,300
85c
Jan
19c«
1.40
40,&50
55c
Mar
11c
Jun
91'A Mar
116 117 %
1,420
10
50
8
Apr
148 149'/a
124
145
Mar
♦
10
100
Heath
Gold '___
1
___
____!
Conwest
•
1.16
1.35
39,880
Cosmos
*
28'A
28'A
40
*
5'A
5'/a
2,300
50c
55c
200
49
49 Vb
80
Croinor Pershing
Nest Coal._
1.28
«...
Crow's
Crowshore
100
Patricia
1
D'Aragon Mines
1
Davis
Leather class
Class
A
32c
Mines
Denison
Highland-Bell
Highridge Mining
10%
Feb
Hollinger Consolidated Gold Mines
Detta
Red
Dexter
Mines,.
l
Lake
Red
Mar
70c
25
Jan
4'A Mar
Jan
5
154
1.35 July
30
Oil
Homer
Yellowknife
6'A May
Hosco
Gold
Dome
90c
Mar
55
Smith
Howey Gold
Paper
10c
Mar
19c
Apr
7c
Mar
21c
Jan
Hugh
10c
Mar
20c
26'A
25
23'A Mar
105
9'A
1.20
1.25
700
1.05 Apr
8c
3,000
5c
10'A
Apr
Mar
26'A
11
Jan
Jun
1.60
Malartic
Imperial Bank
Imperial Oil
10
4%
_..25
10c
13c
24,800
July
30c
31c
1,500
30c
Apr
45c
50c
55c
6,800
45c
Mar
82c
Jan
Inglis
40 Vic
40c 40'Ac
5,700
39c
Jun
64c
Jan
International Metals class A
19'A
19%
19%
340
Feb
65c
1,570
16%
Jun
23% Mar
10
25
25
25
405
24%
Jun
27
1
27
Jan
40c
40c
Jan
common
26%
27%
690
22
Mar
28
9
9'A
360
6
Mar
12'A May
5
»
Invest
5
125
44'A
44%
50
—
1
50
44%
25
17%
♦
Textile
Chemical pfd
25(4
23 %
17%
25
22%
22'A
100
12%
100
common
Woollens
166'A
»
Mines
1
Mudge
17%
1,908
25'A
200
12%
3% Mar
40
13%
Feb
Feb
21'A Mar
5%
Jun
46
Jun
16'A
16%
64c
64c
19% May
Jan
10
12%
670
19% Mar
11
Feb
22'A July
13% May
May
166'A July
Gold
Mines
16%
110
70c
14,700
10'A Mar
51c
Mar
18'A
Jun
1.10
12'A
225
10
May
12'A July
17
17%
110
16'A
Jun
17'A July
20c
22c
9,300
17c
Jan
30'Ac Jun
Ltd.
19'Ac
19c
20c
6,800
19c
Jun
74c
Jan
5'Ac
East Amphi
5c
6'Ac
14,000
5c
Mar
12c
7%c
8c
5,500
Jun
33c
Jan
*
6 %C
6'Ac
2,500
5 'Ao Mar
10c
Jan
40c
44c
8,500
26c
Feb
50c
1.53
1,100
42c
l
Sullivan Mines
.1
Steel
20
3,800
Jun
Petroleum
Co
Gold
1.64 Mar
6'A Mar
8'A
8'A
440
18'A
18'A
25
15'A
Jack
Waite
Jacola
Mines
16
Jellicoe
2.08
Feb
3.50
10
Jan
May
(1939►
Joliet
Gold
Jun
10c
Mar
-,V.
95c
Jan
24 %c
Feb
75c
May
8c
Jan
V
5.260
5.35
Feb
9.70 May
5c
5c
500
33c36'Ac
6,900
__
16
•
33%
33%
Jan
May
9c
Feb
25'Ac Mar
42c
Jun
34
Jun
32c
Jan
5c
23c
1,000
51
52
670
2'Ac
2'Ac
1,000
24%
25'A
16
16%
29%
100
22c
1,55
13%
12%
555
-
11,253
1.60
Apr
18c
Mar
43'A
Jan
-
53'Ac Jun
2c
Jun
23%
Apr
'
Mar
14
1.55
48,752
13%
510
7%
__
__
37
Quebec Mines
7%
Jun
25'A
175
Mar
12
6%
200
25%
16
10~
29'A
16
50
10
Apr
24% Mar
50
14
325
29'A
4c
May
Jan
27
19% May
1.95
Jun
14'A
Jan
7%
Feb
25% May
Mar
Jan
17
Feb
11
8'A
25% Mar
May
31% May
10
98 'A Mar
102%
Jun
36%
37'A
5,997
29% Mar
39%
Jun
14
15
66,785
11
Mar
16%
Jun
53c59%c
17,750
40c
Mar
84c
May
7c
Jan
102'A 102'A
11,300
36c
1.36
1.33
1.50
398,201
55c
Mar
15c
5,000
12c
Mar
May
12C
12c
11
11
11
10
2.20
2.15
2.35
5,325
1.54
10
1.15
25c
Jun
Jan
Apr
12'A
Jan
Apr
4.55
16'A
17
225
15'A Mar
18% May
42'A
41'A
42'A
460
34
47 »A
4%
5
100
Fibre Products
4.15
*>
Manufacturing Ltd
Ford
of
1,310
3.60 Mar
Mar
3'A Mar
5'Ac
5,000
4%c
Apr
U
1,570
7'A
Feb
8'A
8'A
100
8
Jan
2'/8
2 'A
21,300
2
Jun
825
21
Jan
4%c
*
10'A
10
Fleet
4.40
10'A
1
common
Preferred
Kirkland
class
0
B
A
*
;
24%
25
<■
Gold
27'A
*
5.05
May
Jan
7
May
7c
May
11
Golden
25
July
3'A
27'A
50
23%
Apr
27
Feb
'
May
27'A July
8c
8c
800
7c
Apr
15c
1.90
1.90
1.95
5,300
loo
&'3
88
90
20
86'A
Apr
19
19'A
267
18'A
Feb
20
Mar
Jan
94
108
*
common
preferred
100
General Products Mfg class A
General Steel Wares common
106
*
Bakeries
1.30 Mar
2.29
3'A
105'A
106
20
3'A
3%
2,115
16
16
200
3%
16
May
17-
Jan
16
16
60
14
Feb
105
105
20
99
Apr
106'A
Jan
4.60
4.60
4.70
1,060
2.90 Mar
6.10
1
1
Kirkland Townsite
(John)
8%c
7,500
1
2c
2c
500
Aw
Apr
2c
May
65c
67c
8,300
52c
Mar
62c
59c
64c
13,979
48c
Mar
19c
19c
500
11c
7c
1,000
Apr
July
Labrador
Mining & Exploration
Laguerre Gold
1
__
7c
7c
Golden Manltou Mines
1
2.40
2.45
4,824
1.95 Mar
Goldhawk
*
5'Ac
5'Ac
1,100
5'Ac July
1
3 !Ac
3'Ac
500
Mines
_
;
Lake
Lake
Preferred
1
2.43
13c
15c
41,500
114
116
.525
51 Va
52
65
11
common
11
40
18
19
537
43
43'A
AVa 375
14'Ac
__
...
A
-A-—.
Great Lakes Paper common
A
Class A preferred ,.
•
19
A**
10c
1,000
2c
3c
•
July
Jan
12c
2c
Jun
3%c Apr
7c
13,806
3'Ac
Jun
18c
Mar
7c
Jan
Feb
3%c July
2c
1,300
July
4c
58c
15c 17'Ac
22,750
15c
July
13,000
25c
Mar
38c
Feb
52c
Jan
8c 10'Ac
3.000
5c
Mar
14o
May
18c
8,750
17c
Jun
27c
Jun
17c
11%
Jun
15
Jan
Apr
22c
Jan
Apr
60c
12%
4,331
9c 10'Ac
56,200
8c
4,700
36c
12»4
50c
1.35
55c
1.38
1,825
1,100
24%
25
5.40
175
5.50
Mines
1
(1945)
1
Mines
67'Ac
__
1
10%
1
29c
*
Gold
__
*
—
3c
Mat
10c
Mak
101
43'A
3c
1,910
67'Ac.
7c
10'A
28c
3c
13,500
3,0001,500
73c
7c
11'A
1,895
35c
10,900
2.25
2.25
1.32
Jun
11c
Apr
23
Mar
4.10 Mar
5.40
330
-
2%c May
38c
Mar
7c
Jun
10'A July
25c
May
2.05 May
200
5.40
Lang & Sons
"U"
Larder
20
Secord
Laura
20
20'A
45
4c
3%c
4c
2,000
4c
4c
5.40
July
__
14%
14%
200
1
—
2'Ac
2'Ac
1,000
•
97c
1
Candy____,
16'A Mar
3,000
1
Mines
3
__
Leduc-West
Oil
Goid
Leitch
Mines
Ltd
J
Lingman Lake Gold Mines
Little
Long Lac Gold Mines Ltd
Loblaw Groceterias class A
Class
__
1
*
*
29c
68c
30
*
29
1
B
56c
92c
97c
1.15
1.16
6,200
1,400
29c
67c
31c
70c
18,000
3,850
30
30
460
29
29
405
Goldfields
Louvicourt
1
Gold
Lynx Yellowknife
__
"■
55c
57c,
11,600
Mines
1
17
14c
4c
12'Ac
14c
8c
8c
1,000
2.45
2.35
2.45
Jun
3c
Jun
Jan
1.78
19c
Jan
25%
Jun
7.75
Jan
6'Ac Jun
86c
Jun
15c
Jan
14% Mar
70c
Jan
3.00
Feb
6.95
Feb
21% May
11c
Jan
Mar
12
8c
Jan
Mar
4c
17%
Jan
2'Ac July
60c
60c
56c 60'Ac
1
97c
97c
•
10%
Mar
4'Ac Jan
1.19 May
1.10 Mar
1.25
29c
July
59c
67c
July
19c
14c
Feb
1.50
Jan
31
Jan
24%
29%
Jun
40c
Apr
Mar
1.50
Feb
9'Ac
Jun
20c
7'Ac
Jan
11 %c
Feb
2.35 July
3.00
Jan
MacMillan
Class
Gold
Mines
Feb
22,350
53c
Mar
1.95
Jan
1,800
95c
Jun
1.54
Feb
335
9
Feb
950-
97c
.
4% Mar
10%
11
♦
Export class A
B
G
8
8'A
Madsen Red Lake
Gold Mines
1
2.35
2.30
2.37
3,665
1.70
1.73
1,550
3c
3c
500
13'A
3'Ac
13'A
4c
170
2,300
1
& Eastern
*
Manitoba
—
—
2.25 July
1.50
2c
11
July
8'A May
3.15
1.95 Jan
4c
Jun
Maple
Milling____
Leaf
May
Mar
Jan
May
14% May
—•
1
—
1
Maralgo Mines
Feb
11
Jan
Apr
Jan
4c
4c
4'Ac
1.000
21 .'A
21
21'A
2,655
16
Mar
21% July
24
Mar
30
9% Mar
16
__
3'Ac July
6c
May
'
,',7
.;!i;
Martin—McNeely
Massey-Harris
common
*
___20
__
28%
29
245
14
99
14%
1,950
99
10
3c
Mar
6c
80'Ac May
1.09
Jan
26'A Mar
1,184
1
MacDonald Mines
1,500
—
McColl-Frontenac
common
•
100
14'A
—
90
Feb
99
Mar
May;
May
July
May
Jan
Mclntyre
2.70
Apr
McKenzie Red Lake
16c
9c
Jan
55
Jun
66
36c
Jun
75c
2c
Jun
3'Ac Feb.
8c
Jun
29c
Jan
HVfrc Apr
18c
Jan
Mar
Feb
McLellan
Gold
25'Ac Jan
Feb
118
49
Feb
53
Apr*
10
May
11
Jun
Lake Gold___
55'A
55%
55'A
1
37c
37c
38c
2c
2c
2c
f,500
12'Ac
15c
12c
15,100
550
1
*
—
12c
12c
..
80
1,450
>.
Jan
Jun
20 *A
Red
McWatters Gold
5
1
Porcupine Mines
Jun
Mercury
Mills
15SA Mar
Milton
Brick.--
*
—
21
8c
60
12,600
15% Mar
7t>
20
6'Ac
20'A
*
5'Ac Mar
-11c
Jan
•
2
2
2'A
900
1.75 Mar
3
Jan
•
--
8.65^8.85
2,500
'
.
For footnotes see page 42.
5.50
__
Rowan
Shore
Mid-Continent Oil
Mackay class
1
Dufault
McMarmac
Mines
Goodyear Tire
__
1
Preferred
1
Porcupine
8c
3'Ac
14'Ac 14 Vic
—
*
Preferred
65c
*
Mines
Arrow
7'Ac
1
Gold
50c
1.37
1
Ltd
Jan
8c
Oil
8c
Jan
Jan
16
1
Lake
2'A Mar
Jan
105
l
God's
101
.
•
Giant. Yellowknife Gold Mines
Globe
9'Ac
Malartic Gold Fields
a
Gillies Lake
Glenora Gold
3%c July
1,000
Feb
Jan
100
Preferred
12%
1
Gate
MacLeod-Cockshutt
Power
500
2,000
2c
8% Mar
•
preferred
17c
1
Lake
Macassa
Frouisher Exploration
8c
*
Kirkland-Hudson
Kirkland
Lunward
Canada
4c
8'Ac
35c
17'Ac
1
Mines
Kerr-Addison
Lebel Oro Mines
4.20
common
2c
Jan
16'A
1
Kirkland
__
8c
Jan
*
Federal Grain
4c
1
Mining
Kayrand
74c
25
40c
♦
Players
14'A
55'Ac
__
1
July
18'A
1
Fanny Farmer Candy Shops
Gordon
42c
6,750
8.35
10c
1
Lamaque
Falconbridge Nickel
Goldvue
6,400
11c
8.05
__
1
Lake Wasa Mining
La Luz Mines
Famous
Goldora
42c
12
__
1
Mines
Consolidated
20
36c
18'A
25
Corp
Goldale
Jan
42c
Jun
__
1
1
Mines
Jason
J M
•
Mining
Mar
39c
18'A
1
_
Equitable Life Insur
Golden
*
1
Lapaska Mines
'5%
16c
8'A
16
•
Mines
18 >A July
Feb
1
Gold
General
Jun
1,305
10
common
International Uranium
Lake
1
Mines
El
2.70
1.45
8'A
Eddy Paper class A
Eldona
2.60
2.67
7c
18'A
Easy Washing Machine-.
Gatineau
5c
May
1.50
Oil
East Malartic Mines
Gair Co
7c
3,000
Jan
1
Oil
East Leduc
Francoeur
July
6c
8.75
29'A
100
Nickel
Labatt
Class
4c
6c
Feb
11%
«
Duquesne Mining Co
Duvay Gold Mines
Federal
66c
26'A
165
22%
166'A 166'A
*
common
Class A
Eureka
4c
8.55
*
_
International
Kelore
Sol
Jan
1,232
1,000
70c
Feb
Preferred
Elder
68c
Jan
____6
International
4,800
Dominion
Eastern
May
Feb
22% May
Jun
*
common
(John) & Co__
Preferred
16%
17
Tar &
East
Jan
15c
95c
Mar
Jun
5c
Mar
42c
Stores
Crest
£ 12c
4,500
Mar
1
preferred
lie
16'A
Dominion
East
7'Ac
1.55
Joburke
Dulama
July
5c
2'Ac
Rights
Imperial Tobacco of Canada ordinary_5
31c
16%
:•
&
'
15"
50c
51'A
•
Preferred
Feb
•
Dominion Steel & Coal class B
Donnell
4,000
7c
.
50o
__
1
48c
•
Scottish
Donalda
" 45,500
Jan
10'Ac May
Ltd
Preferred
Dominion
15
6c
500
33%
*
Jacknife Gold
Dominion
14
5'Ac
Apr
Mining
Magnesium
Dominion
A
60c
33c
l
2
Foundry & Steel
Dominion
7
Jan
11 %c July.
9% Mar
5%c July
400
5'Ac
__
*
common
—
1,000
50c
Bank
Dominion
ll%cll%c
May
39c
Mines
Dominion
my
32c
16
Mar
g.io
1
1
Seagrams
Diversified
9% May
6% Mar
14
8.75
3
Mines
Imperial Varnish
Distillers
' 75
May
1
Yellowknife
14'A'' TS''
"
60c
„
•
10c
Dickenson Red Lake
Discovery
3'Ac Apr
...
Jan
I_i
Lake
A5%c ' Jan
5'Ac
__
*
1,000
6,000
6'Ac
80;
1,000
65
9%
.
Howard
July
50c
42
42c
1
Jun
8c
10
<*
....
Nickel
X
Apr
37c
17% May'
13'A Mar
Jun
121%
14c
26'/a
*
_v
Deinite
;
3.20 May
Apr
Jun
20c-
10c
__
1
14c
*
B
4%c
4c
1
Heva Gold Mines
73Ac
14c
__
70c
1
.___
Hudson Bay Mining & Smelting
14'Ac 15'Ac
15c
1
Davies Petroleum
7c
1
Gold
Home
Exploration
Imperial Mills
Craig Bit common
105
Jun
14 c
•
__
__
Hedley Mascot
Consolidated Mining & Smelting
Cons Press class A
1,200
9
__
•
Headway Red Lake
1.50 July
80c
»
Consolidated Homestead Oil.
1.40
58,080
22c
16%
,..v;4%c
.
"
Harding Carpets
Barker Gold
Feb
27c
58c
___2
2.00
16%
73Ao Feb
55c
1.50-
1.45
•.
Mines—
-
__
'
Hard Rock Gold Mines
,16'A Jun
80c
1.45
*
__
h w:-'-v.;
Jan
13
5
Mines
Mar
60c
1,932
22c
4%c
Hasaga Gold
Coniagas
Coniaurum
95c
''
Jan
2.45
1.76 Mar
.
Apr
5c
Apr
10.:
Feb
30c
1.25
-
Apr
1.48
__
Hamilton
3.00 Mar
Jun
Jun '
lie
1.00
250
1,000
5 %c
~
7
2,600 ;
1.15 -v 'A
3c
1.82
Lake
Colomac
11c
1.15
,w„-.
Cochenour
Coin
11c
——
Chromium
Citralam
2.35
Gypsum Lime 81. Alabastine
HalCrow Swayze
.t
Hamilton
Chesterville
90c
.
Jan
30c
500
4c
8'A
7'A May
75
40c
40c
4®'A
Jan
A: 44% May-
Mining Corp
6.10 Mar
Jun
10'A May
Number 4715
168
Volume
THE
COMMERCIAL
&
CANADIAN
RANGE
Week's
-Friday
Last
STOCKS—
Knitting common
Moneta Poicupine
Montreal Locomotive
6%
20
5
Apr
15%
25
14
Apr
40c
1,700
40c
17%
STOCKS—-
>
Low
17%' 17%
15
.
t;
{High;
6%
*
Silver
Jun
Silverwood
15% Jan
28c
Mar
54c
14
Mar
Miller
Class
Mines—
1
Dairies class A
B
*
73
73
lie
1
5
85
lie
1
Mylamaque Mines
National
Drug preferred
73
11c
I,100
10c
12%
11c
12%
3,000
12%
155
Grocers
*
com
Preferred
20
National
Hosiery class -A
National
Petroleum
National
Steel
Negus
New
15
15
29
215
65
Feb
TO
Apr
Apr f
15c
37c
1
29
14
26c
170
Car_
50
2,000
10% Mar
1314
13
Class B
Siscoe
Jun
Apr
Apr
27%
10
16
30
Calumet
V 670
2.12
2.20
''6,200
1,000
Jan
33c
1.91 Mar
4c
2%c Mar
New
Marlon
New
Norzone
1.36
Gold—
1.34
1.39
18c
"
4,900
Nib
18 y4 Mar
75c
6c
Preferred
Standard
Feb
■
18c
Jun
31c
Jan
Standard
Starratt
Olsen
Jun
28c
Jan
Stedman
10c
9c 10 %c
II,000
9c
Jun
33c
26c
26c
500
5c
,
2,000
25 %c Mar
46c
Jan
7 Vic
Jan
11
49
%C 13 %c
48%
12c
10,500
49%
12c-
Mar
4c
■
43
1,000
11c
14c
May
18c
18c
2.47
2.54
36,810
5c
>4,000
*•' 5c 7
4cr"
;
5%c -5%c
31c
29c
35c
-
•
500
1.50 Mar
5%
Surf
May
O'Leary Malartic
Omnitrans
1.65
Ontario
—
Loan
Ontario
Steel
July
Feb
6
275
Apr
Mar
1.65.. 1.75
3% Mar
5%
6
Apr
2,100
1.40 Mar
65c
4,350
54c
July
5,600
92c
Jan
13c
500
10c
6c
5,500
119'A 119%
5
117
13c
5%c
119%
•
*„
Red
Osisko
Lake
Lake
Osulake
1
Mines.
Pacific
55c
15c
Petroleum
1
Pamour
Porcupine Mines Ltd
Pandora
Parbec
Mines
1
(Pearson)
,
Mar
5V2c
Jun
Silver
Apr
Mortgage
—
,
Twin
4c
16
Apr
18%
6
Mar
10%
Jan
7%c
7%c
1,000
5c
Mar
11c
7%c
3,200
6c
July
18 %c
Apr
Feb
Keno
53c
58c
7,500
50c
Mar
1.15
Jan
United
42,200
14% July
70c
Feb
Upper Canada Mines
33,030
80c
Mar
1.45
Jun
Feb
39 %
Jun
1.55
Jan
1.25
38
1.32
39
495
1.10
1.12
1,375
1.06
Apr
5'AC
1,500
5c
Jan
23%
100
Jan
United
Ventures
23% July
12
4c
4'Ac
2,500
4c
Jun
8c
3%c
5,500
2c
May
5c
class
A
preferred
°
5%
5%
100
1
5c
5c
6c
6,500
1
1.94
1.92
1.99
2,430
2.50
2.55
650
6c
6c
1,500
39c
37c
39c
5,000
44
43%
44
760
1
1
15%
1
1.55
«.—
—_
15%
1.50
2.35
Jun
5c
May
3.50
37c
July
37
Feb
Jan
56c
Jan
44%
Jun
15%
150
1.60
2,650
10%
90
10%
Feb
1.50 July
9
17% May
2.10
10%
Jan
90c
72c
700
52c
Mar
89c
44c
44C
40c
Apr
10% Mar
86c
5%C
6,500
4c
15c
51
9c
19c
20,500
15c
May
28c
8
Mar
11%
14
Apr
34c
33c
40c
12,800
24%
1,085
24%
24'A
18
16% May
150
25c.
Mar
49c
23% Mar
25%
Jan
16
19
Apr
Feb
60
10c
9%C
10c
18
St
Lawrence
Paper
pfd
:
San Antonio Cold Mines Ltd
17%
18
1,205
13
Feb
19
May
100
34
Mar
45
Apr
110
Mar
134
(G
class
Sannorm
1,000
5c
Jan
16c
Mar
6,100
5c
Mar
23c
A
42
43%
134
6c
134
25
3.70
1,800
6c
6c
2,500
8c
1,000
14%
35
8c
14%
_
Senator Rouyn
Ltd
40C
Shawinigan Water & PowerShea's
Sheep
Wpg
Creek
class A.
Brewery
23'A
40c 41 %C
12,600
23%
23%
655
11%
.50c
11%
50
_50c
Gold-.
Sherritt-Gordon Gold Mines.
&
Breweries
1.20
1.15
1.20
1,000
1
2.41
2.25
2.67
60,825
common.
Jan
84c
July
85c
July
Jan
Feb
5c
July
18%
Jun
84c
85c
3,700
11 %
11%
80
10
21c
'
Jan
21
Mar
172% 172%
5
172
Jun
__
11%
11%
__
102
10%
125
102
102
44c
Jun
12 %
•
Jan
174
Jan
12
3,000
7%
7%
25
8%
8%
8%
1,370
—
Jan
100
12
41c
—
48
Jun
35c
Jun
108
Mar
6
16
220
1.77
1.70
1.80
7,500
1.95 Apr
245
4,350
5.90
5.55
5.90
691
11
11
100
8.60
8.55
8.75
29
5,486
2,330
24
13%
50
13
27%
27%
—
(Geo)
*
•
com
—
100
—
__
Winnipeg Electric
—
—
10c
10c
4,100
32
^
Products ivi
*;
13%
33
105
(Alex & James)
Wright-Hargreaves
Jan
Yellowknife
19Vac Jan
10c
Jan
26%
Feb
Feb
33% Jun
28
York
8c
8c
500
6c
May
10c
5%c
4,000
5c
Jun
11c
26%
202
20%
10
95
125
10
117
2.40
2.50
1,800
1
Knitting class B
63c
60c
64c
10,187
•—
5%c
5%c
1,000
3%
3%
*
:
__
Jan
101% Jan
5c
125
Feb
27%
'Mar
2.40
890
Apr
Mar
Jun
100
Apr
60c
Jun
31% May
14 Va Jan
97% Mar
•
Girl
July
9.25
Jun
22
97%
Bear
Yankee
Jan
11
Mar
■
50
97%
2.41
Mdy
•7.20 Feb
Apr
30
26%
•
9%
4.60
25
97%
—
5.15 Mar
101
26%
100
8 %
2.35
July
25
•
pfd
5% Mar
1.50
100%
100
common
Preferred
Jun
1.15 Mar
7%
1.57
1
Wood
-
7'A
1.50
'
Jan
49%
16% May
7%
•
10
Apr
13% Mar
1.55
*
Jan
8% May
Apr
45%
Jan
63c
7% Mar
75
16
W)-,
Toronto Stock
Apr
127%
Jan
2.90
Jan
Apr
'
•
July
81c
5%c July
9c
Jan
4%
Jan
3
May
May
Exchange-Curb Section
Canadian Fundi
Friday
STOCKS—
Sale Price
Par
Week's
Range
of Prices
Sales
for Week
Shares
Low
7%
50
26
27
211
117
115
117
Range Since January 1
High
7%
26
National
Andian
—*
British Columbia Pulp & Paper com
Low
6%
25
High
Apr
10
Jan
Jan
30
May
Co
*
115
72
Feb
135
Jun
175
175
5
160
Mar
185
May
1
4%
4
4%
4,025
100
Preferred
113%
110
115
1,275
100
common.
Preferred
Canada
3.30
Jun
4.35
Dominion
&
•
Sugar
5c
8c
14
38c
May
12c
*
Marconi
Feb
Western
Westinghouse
3%
Feb
6%
17c
Jan
Canadian
Jan
Consolidated
Dalhousie
Jan
Mar
115%
Jun
20%
Feb
23%
Jun
Donnacona
Feb
11 %
Jun
Foothills
Mar
1.43 Mar
1.23 May
3.20
Apr
International
16
16
16
400
11% Mar
16%
Feb
20
.
'
Jun
14
July
3
July
42
25
4%
1,350
48%
50
100
Mar
4% May
51% Jun
20
20%
2,325
14% Mar
21% May
38c
.
38c
33 %C Mar
—
—
—
*
40c
22
22
1,550
1,000
2.80
2.85
1,325
31
31
134
3y0
39
Apr
Mar
Feb
20% Mar
2.60
Jun
43%
165
60c
Jun
Jun
Jan
23%
Jan
4.10
Jan
75
20
Feb
*
67%
66
67%
740
46
Mar
*
25%
25'/8
25%
565
20
Feb
28
Apr
28
5c
5c
1,000
3C
4.20
4.20
4.25
3,445
2.25
Feb
4.80
Apr
6c
6c
1,000
6C
Jun
8c
Jan
_
Paper
20%
Feb
Mar
160
•
Hayes Steel
55
1.50
4%
*
Paper
10
20
•
Oil
15%
100
1,310
48%
_
*
150
14
2%
19%
•
42
St
_
Paper
14
158
9
Oil
10
98c
Lumber
19
2%
80
4%
100
16%
Feb
—
*
Canadian Vickers common
Canadian
Jun
67 %c
14
1
Jan
May
Mar
19
_
Vinegars
Canadian
common
"
Minnesota & Ontario Paper
Side's
80c
3.50
49c
Jan
3.55
Mines
class
Apr
48
A
Preferred
Scarfe
60c
Apr
Apr
July
—
1
Sand River Gold
62%c 62%C
420
1
Canada
50
100
185
5% Jan
Apr
2.50
732c
Jan
6c
common.
3,500
16
Wingait Gold
Brown
Corp class A pfd
5c
20 %
300'
1
Jun
70
18%
Industries
Jun
19
__
Feb
55
16
*
Lawrence
Jan
29%
5c
•
Ltd
Jan
10%
10
Russell
4%
,
1,898
3,000
Last
Apr
10%
Royal Bank
St
23% Mar
Jan
Jan-
1.99
35c
84c
15% May
16
10%
Royalite Oil
Roybar Chibougamau
Rupununi Mines
50
2.05
19c
4%
__
Jan
14
1,300
1,045
16 %c
•
28
•
Feb
*
Co
Mar
2.60
20 %
Asbestos Corp
Oils
9c
1.30 July
Feb
72c
4%C
Roxana
Jun
2,000
4,100
,
54 % Mar
Mar
Gold
*
Jan
Jan
55c
Regcourt
common
99c
11c
•
Hill
(Hiram)
Preferred
Jan
Apr
20
1
(1936).
1.35
1.40
£'A?'
16,500
4 %C
(Little)
2.40
5YaC Jan
33c
Wekusko Consol
Jan
25c
53
13%
"A"
May
4%
•
Westeel
Jan
77c
13%
Gold
2.30
53
Mining
Class
1.85 Mar
71c
Quemont
Robinson
Jun
80
2.55
—
,
Apr
Feb
72c
Queenston Gold Mines
Richmac
16 %c
77c
.
"
Apr
28
"
Ymir
10%
40
Quebec Manitou
5%
July
5c
Apr
15
1.68 Mar
11c
25
Amulet-—
Walker
..
10
1.32
62%c
Winchester Larder
514 July
Jun
79c
4%
Ltd
Weston
People's Credit Securities
Peninsular
,7
2.55
-■
Viceroy Mfg
Mar
Piccadilly
Labrador
Apr
5%
Apr
Mar
1.30
__
__
Waite
Jan
Preferred
3,500
1.32
1.33
50
Feb
Quebec
3c
Mar
3%c
46c
common
500
•
Fuel
Class B preferred
7%c Jan
28
20c
Dome
6,715
•
Steel
14%c 15%c
Jun
East
2.12
3%c
__
4
60c
"
Jun
75
Mar
Metals
2.00
3%c
2.02
*
50
10c
Flour Mills
8%
7 21 % May
Feb
"
City common
18
33c
Purity
67
50
:
_
7%
19,450
Preston
Jan
Feb
140
100
Resources
18
31,700
Pressed
Vs May
97
Jun
4%
17% Mar
78%
0
*
J
class A
Jan
123
13c
Gold-
86
78
1
Trusts
Transcontinental
38c
Reef
25
Feb
1
Elevators
Jan
11c
River
15
150
20
Jan
8
'
Mines
Iron
16c
33 %c
Porcupine
89
7%
13%
*
Toronto
16c. May
11c
Powell
89
68c
5 % Mar
250
45
1
General
34 c
Gold
Jan
May
1.56 May
Mar
126
_•
«.
Toronto
1
Porcupine
49c
1,200
1
—,
Mines
Mines
Gold
..Toronto
1
Pioneer
7%
1.18 Mar
4
15
*
common
Jun
Paymaster Cons Mines
Crow Gold Mines
Apr
39c
20
1.84 May
Pen-Rey Gold Mines
Pickle
1,240
68c
1
Tip Top Tailors
Toburn
Waterous
1
Porcupine
> 2,600
51c
5%
*
2.20 Jan
90c
23%
1 Bol
Malartic
Jan
July
5%c
—
1
Oil
Paramaque
38%
*
Cadillac
Pantepec
1.31
•
Page Hershey Tubes
1.42
65c
common
6c
7%c
1
Mines
Mar
17% Mar
>
5%
1
United
Orlac
Gold
15
14%
1
Union Gas
Orenuda
55c
65c
Mines
7%
«
•
Mar
14%
50c
Gold
Thurbois
5% July
1.46
50
__
Jun
101%
26c
2,531
18%
20
1
Taylor
35c
3c
63c
__
common
Orange Crush
Jun
26
:
34c
2,490
7>/4
__
•
common
Teck-Hughes Gold Mines
Thompson-Lundmark Gold
4%c
14c
500
3,320
1.35
1
;
40c
7
5%
Mines
Tamblyn Ltd
Jan
9,000
Cons
Jun
Jan.
65c
Exploration
Feb
77 31
Mar
1
2.67 May
10c
1.36
.
Oils
40c
51c
7%
A—
Inlet
24c
•*
10c
3c
class
Toronto
Ogama-Rockland
Okalta
Jan
96
">
■»
Torbrit
Preferred
O'Brien Gold. Mines.
Mar
187 Mar
65
1.36
"
,t
Gold
Canada
Sylvanite
Jun
5%
of
Jan
Apr
5
Co
24c
4c
5%
common
Radio
Sullivan
Jun
52
4c
3c
(1940)
16 %c
Mar
'
Oil
Jan
11%
'
t
Jun
100
,
2.53
5%c
Mar
4c
1,700
12c
18c
-
Gold
24
495
26c27%c
7
*
____
Steep Rock Iron Mines—
Sudbury Contact
1
5c
13 %c
Mines
High
48c
12%
July
9% July
9% Jun
Apr
Corp
Mining
Star
24%
18%
__
100
common
Bros
Mines
Inca
North
Low
20c
1.52 Jun
Mar
12c
Malartic
Northland
:
1.40
•
.
7,500
Normetal
North
26c
•
___
Paving
32,500
Ofte
Norpick Gold Mines
Norseman Mines
40c
—A
.
(1944)
Standard Chemical common
19c
Noranda Mines
Nordon
260
101101%
*
Stadacoma Mines
26% May
2.99 Feb
;
Norbenite
101
1
Co
13c 14% c
18c
Rouyn Merger
Yellowknife
Nicholson
30
24%
24%
1
Springer Sturgeon A
Jan
Steel
New
100
28%
•
Malartic Mines
12 %c
Pacalta
9%
29%
__
-*>
New
655
9%
100
Gold
Southam
July
■•> 4c
Mines
8,700
io
•
—
Preferred
New
27c
Jun
14
Apr
Mar
18c
24%
2.15
_
Range Since January 1
7
Mar
24%
24%
Mines
Bidlamaque
14
27c
v
Shares
ga4
__
*
—_
Preferred
Feb
Jun
9c
10c
'
*
25c
Sales
for Week
18 % May
May
Sladen
National
23c
*
Simpson's Ltd class A
Moore Corp common
Mosher Long Lac
Week's
.Range
> Sale Price
of Prices
Par
*3' ''
Low
High
"
High
40c
0
Last
15%
Monarch
JULY
Range Since January 1
6%
'41
MARKETS
ENDED
Friday
Shares
Low
6%
»
WEEK
Sales
of Prices
Par
Modern Tool Works
LISTED
FOR
(185)
for Week
Range
Sale Price
FINANCIAL, CHRONICLE
34
70%
Mar
Jun
May
Jun
•
V T
C
15'A
15%
65
1
6.60
6.60
6.65
200
1
41c
36c
41c
11% Mar
16
May
Ogilvie
Oil
Sigma Mines
(Quebec)
Silanco Mining
7,200
6.60
35c
Jun
Jun
8.50
70c
*
Flour common
Selections
Feb
Pend
Feb
Temiskaming Mining
Oreille
26
•
-
.1
1
—
26
75
25%
Mar
May
6'Ac Jan
:
For footnotes
see
page 42.
•.
:±
42
'(186)
THE
COMMERCIAL &
FINANCIAL CHRONICLE
Monday, July 12, 19411
OVER-THE-COUNTER SECURITIES
'
Quotations for Friday, July 0
Investing Companies
Mutual Funds—
Sescurities
Aeronautical
Affiliated
Amerex
Par
Fund
Associated
Shares
Loomis Sayles Mutual Fund
Loomis
29 %
27%
1
A
Axe-Houghton -Fund B
8.30
17.75
4%
48.96
4.34
4.31
4.75
3.66
4.04
4.45
5%
H
Bond
Inv
Boston
Tr
of
-.
95.84
99.83
20.30
21.95
9.08
Broad
Street
Invest
Corp—_5
9.09
17,49
Bowling Green Fund Inc___*10c
■
18.91
4.55
4.22
Canadian
Inv
—1
Shares
Century
'r; Chemical
20.74
4.15
—-1
Trust
32.75
30.46
14.50
lo
3,92
com__100 3,020
3, 120
140
145
100
——
Fund_„
Delaware
Mutual
lc
4 40
6.59
1.70
25c
27.05
16.62
17.73
26.33
28.46
Financial Industrial Fuhd Inc lc
2.01
2.20
Boston
33%
10
Corp_—
35%
First Mutual Trust Fund
1
5.77
6.41
Fundamental Investors Inc
2
15.41
16.89
A__2
6.02
6.92
—1
1
46.07
49.54
5.45
5.84
lc
7.54
-lc
6.74
7.31
lc
6.28
6.82
Fundamental
Trust
shares
General
Capital ACorp*
General Investors Trust
Automobile
Aviation
shares
V Building shares*-.*—*
8.18
9.51
8.77
—lc
6.72
7.29
11.40
12.35
shares—•_—._*!—lc
5.48
5.95
Fully Administered shares—lc
7.98
8.65
lc
7.97
8.64
Chemical
Food
i
General
.
—lc
shares——,
Electrical Equipment
bond
shares lc-
shares
Industrial Machinery shares
8.09
-
Investing
Low
'
Low
Priced
Preferred
'I
Railroad
Steel
Tobacco
Incorporated
9.96
Bond
Stock
Bank
Stock
and
Bond
Co
97c
Group—lc
of
America
13.70
11.48
(Investment
12.22
1
1
12.60
Due
Bid
Ask
8-
2-48
bl.40
1.20%
1.55%
3-
1-48
12-
1-48
bl.50
1.35%
1-47
9-
1-48
bl.45
1.25%
1.55%
4-
1-48
1-
3-49
"bl.55
1.40%
1.35%
1-
10-
1-48
1.30%
1.55%
5-
1-48
2-
1-49
bl.55
1.40%
1-48
10-
1-48
bl.50
1.30%
1.55 %
6-
1-48
3-
1-49
bl.60
1.45%
11-
1-48
bl.50
1.35%
7-
1-48
4-
1-49
bl.60
1.45%
1.45'/<7
6-
1-48
11-
1-48
bl.50
1.35%
bl.50
United Stales Treasury litis
Bid
7.22
July
15,
1948—
bl.00
July
22,
1948
bl.00
0.90%
1
7.84
8.59
10.16
bl.00
0.94%
9.96
10.92
Aug.
bl.00
0.95%
bl.00
0.95%
12,
1948
Aug. 19, 1948
Trading
5
Investors
Fund
15.66
I
Fund Inc
1
Scudder, Stevens & Clark
Fund Inc
-<
,
State
1
Utilities
10c
Investment
.3.43
Corp_*
—
.«
11.76
.
25c
21%
82c
54.75
Par
91c
51.75
85c
18.06
6.48
1
15.31
15.64
95c
21.60
Bank
of
the
Manhattan
41
43
100
103
108
Brooklyn Trust
common
S-2
(income
com
S-3
(Appreciation
S-4
(Low Priced
Knickerbocker
Stks)_l
10.22
10.43
1
17.44
19.03
I
16.48
17.72
Whitehall
Fund
Co
37
Manufacturers
40%
42 %
Unit
Trustee
42%
1
15.30
16.70
Independence Trust Shares
Stks)_l
10
58
Public
New
York
Co
17%
1.540
46
20
Inc
49
511
222
228
39
41
25
Bank
83
14
16
Title
10
34%
36%
United
87%
90%
Trust. 17'A
&
39 'A
41'A
Sterling National
10
79
Guarantee
States
53%
a
100
12'/»
Trust
Nat'l
50
Trust
278
16%
25
24 %
56
Fiduciary
Shares—
Ask
1,370
269
100 1,490
Trust
Federation Bank & Trust
Type Trusts—
100
(J P) & Co
National City Bank
40%
•
Bid
100 1,310
Morgan
23'A
10
Exchange Bank & Trust_20
Bank
Empire Trust
10.79
Diversified
0.97%
94%
35
_20
Continental Bank & Trust
Corn
30.34
25
&
77
Trust—12
Trust
81
8%
100
9%
560
590
•North Amer Trust Shares—
Series E
2.50
Fund
13.75
15.01
1
5.41
5.91
Series
1
Stks)
com
Inc
Trust
91 %
National
Guaranty Trust
Irving Trust
Kings County Trust
Lawyers Trust
Commercial National Bank &
27.81
Stocks)
com
1
18.24
18.96
(Quality
9.17
22.65
26.93
25.30
S-l
8.38
20.72
Wellington Fund
9.89
First
326
19.07
1
16.72
0.97%
bl.00
Par
—10
Bankers Trust
I
24.69
bl.00
1948.
Ask
26 Va
311
Union Preferred Stock Fund
28.57
17.38
Bid
24%
100
Wall
23.19
;
Co__ 10
York—
Central Hanover Bank & Trust 20
Chase National Bank
15
Chemical Bank & Trust
10
27.34
1948
0.96%
7.37
6.73
1
Investing Corp
30,
7,
0.96%
0.96%
bl 00
New Ybrk City Banks & Trust Cos.
12.73
20%
1
Street
•0.96%
bl.00
bl.00
29.22
Bank of New
Trusteed Industry Shares
Union Bond Fund series A
0.95%
bl.00
3.76
2L17
51.80
Shares—---2,2%
Trust of Boston—1
Investors
Street
'
bl.00
1948—
■■
—.
ected Amer
Shareholders
Sept.
Oct.
16.84
Ask
1948—
Sept. 9, 1948
Sept. 16. 1948
Sept. 23,/ 1948
25
1
Fund
1
1
Bonds)
Aug. 26,
Sept.
2,
0.92%
9.23
July 29, 1948
Aug.
5,
1948
bl.00
1
C
(Income pfd Stocks)
1
(Appreciation pfd Stks)_l
Bid
0.90%
7.43
B—
1
Ask
6.59
Series
Bds)___1
Bonds)
1.55%
1
&
Ask
2-48
6.78
equipment
(Geo)
'Bid
2-48
Tobacco
Petroleum
Due
5-
Steel
Putnam
Dated
2-
1
Series
K-l
K-2
Priced
Rate
1
-
7.95
(Medium Grade
.0332
1-48
13.81
Utility
Railroad
Railroad
Dated
10.36
15.89
(Speculative
100.0140
1949—
1,
21.19
Coast Invest Fund
Public
9.45
19.34
30.98
(Low
U'/aS July
11.29
_1
7.25
B-2
.0295
12-
11.53
14.50
B-3
"
13.39
10.52
28.50
B-4
•
.0446
.0512
100.0369
—100.0119
—
10.02
1
Bonds) ____1
.0442
11-
Union Common Stock Fund
B-l
.0118
Ask
.0560
100.0330
100.0319
tl'/aS Apr, 1, 1949
tl'/aS June 1, 1949
.0116
100.0029
Mar.
—
12.58
9.14
1
Keystone Custodian Funds—
Ask
1949
1, 1949
12.78
85c
1.08
Bid
100.0027
Bid
100.0418
1949
1.55%
15.01
11.66
I
Pacific
Standard
lc
1,
1.45%
10.42
10.30
1—
Oils
Sovereign
10.12
Indebtedness—
1, 1948 Series J-i.
1, 1948 Series K
Rate
11.44
I
Metals
Russell Berg
9.24
1,
tl%s Feb.
1.25%
12.96
10.78
1
equipment
stock
Merchandising
Republic
76c
9.51
11.83
I
Machinery
5.88
lc
1
1
series
1
Electricial
4.99
Ltd—
U'/aS Jan.
1.20%
8.59
Industry
Insurance
4.47
1.80
'
Federal Intermediate Credit Bank Debentures
10.87
Diversified Investment Fund-l
Diversified preferred stock—1
4.62
25.62
Certificates of Indebtedness—
tl'/a
of
fls Oct.
7.66
7.82
9.92
1
bond
Diversified
6.99
1
—
5.41
1.75
.0555
tls Oct.
5 23
_*1
supply
4.11
24.59
1 '/a % 100.0413
Certificates
5.13
5
.0115
1949
Maturity—
.0979
.1% 100.0026
<3 26
1
Corporate
1
lc
Investment
v...-';-;": ..J
3*01
5.73
,
stock——
6.28
Investment Trust of Boston
Investors Management Fund
4 79
3^8
1
Aviation
6.15
Group shares
Group shares
1
"l
Automobile
5.66
10c
1% % 100.0908
7.41
11.99
5.78
Bank
8.05
10.94
lc
^Insurance Group shares
7.28
7.37
1
—lc
lc
Aviation
•
6.66
Series
5.76
6.32
8.20
2.55
2.87
1
3.64
1
Series 1956
7.16
1
1955
2.61
Recent Security Issues
Insurance Companies
Bid
Arkansas Pow & Lt
Bid
Par
Aetna
Casualty &
Aetna
Surety—10
Insurance
Aetna
Ask
Par
Bid
Ask
1
Agricultural
79
83
Home
10
:
Life
43%
45%
Insur Co of North America
10
100
104
_10
50 %
52 'A
Jersey Insurance of N Y
20
38
42
60
63
1
15
16
$2.10 Prior preferred——
10
$1.05 Convertible preferred-5
48
25
5
Maryland
Casualty
common
28%
29%
American
Alliance
10
21V4
22%
American
Automobile
4
39%
42
American
23%
5
12
13
Massachusetts
Bonding
5
28
30
20%
Merchant
Assur
5
27%
Cudahy Packing
Georgia Power
Illinois
27/8s___1977
2%s
&
3%s__1977
Lt
Ask
97
-
97%
18%
i6'A
17'/a
30%
-32%
American
Reserve
10
22%
24'A
American
Surety—
25
63%
66%
10
35
12%
-
Automobile
14'A
Fire
Merchants & Mfrs
National
Causalty
National
Union
102%
Kansas
&
Shippers
25
79%
10
63 %
66%
Amsterdam
Hampshire
New
York
North
Camden
Fire.-
5
General
Continental
Crum
& Forster
Federal
40%
43%
13%
River
21%
Northeastern
83
86
Northern
24
25%
50
31
33
Pacific
Fire
Indemnity Co__
*
31
33
Phoenix
97%
104%
10
68%
10
57%
71 %
60%
Fidelity & Deposit of Md
20
Fire
10
55%
58%
10
105%
109'A
5
13%
Fireman's
of
Phila—-t
Fund
of .Frisco
Firemen's of Newark
150
101%
1.02%
New
102
103
1978
101%
102%
N Y State
100%
101%
Okla Gas & El 5%%
103
104
100
101%
26%
28%
Falls—
5
44%
46%
Globe
&
5
9!/8
Globe
&
Republic
Rutgers Fire
com
15
2nd
preferred
15
Great
American
5
Hanover Fire
•
3s
3s.
Service
3%s—1978
England Gas & Elec-— "
4%% preferred
..—100
10
Preferred Accident
85
5
4%
10
Providence-Washington
3%
Reinsurance Corp
Republic
(N Y)
32%
34%
2
10
(Texas)
20
5
26
12%
Seaboard
101%
102%
100%
100%
78%
West
Public
Service
(Alex)
Penn
Power
$4
1978
101%
102%
3s____ 1978
100%
81%
a
10
43%
45%
change.
24
Standard Accident
10
30%
32%
dividend.
10
28%
30%
Fire
10
111%
114%
Hartford
Steamboiler
10
35
U S Guarantee-
Industrial
Odd lot
10%
—100
Par
Bid
1
Ask
9
101
563
New
& Sons
preferred
Carbon Co
Speer
27%
95
52
55
80%
82%
15%
Mexico.7
15%
'?
Carp Co—
100
99%
100
•
12 >/4
13
98%
100
.
Tennessee Gas Transm's'n Co—
4%% preferred
100
Texas Eastern Transmission
•
Tucker Corp "A"
1
102%
81
83
90
of
4.20%
9%
Loan—
pfd series 1948
*
Birmingham Elec $4.20 pfd„100
Florida Pow & Lt 4%% pfd_100
55
Guaranty Co
27%
93
101%
conv
29%
U S" Fidelity &
U S Fire
pfd—25
(Indiana) —
preferred——HMF
3.50%
3s
Power
Broadcasting
Beneficial
51
Travelers
5%
92
13%
13%
2%
3
1
•
28%
77
33
Wis-Michigan
27'A
32'A
Elec
106
107
Public Service
10
72
&
104%
105
preferred
.100
Pitney Bowes 4%%'pfd—
50
San Diego Gas & El 3s„„,1978
Union Elec Co of Mo 3s—1968
lo
30%
Gas
100
pfd—_.100
3.70%
5%
%_
96
Pennsylvania Electric—
101%
53 %
.88
94
Electric & Gas—
4.50%- preferred
Pacific
Pacific Pwr & Light 3%S—_1977
Edison 3%s
1978
Surity
Security (New Haven)
Springfield Fire & Marine
Hartford
1978
3%—1978
Potomac
American
50 %
156
Glens
10
7%
103
10
St.Paul Fire & Marine
General Reinsurance Corp
Lt
83
14%
Assn
&
.Stocks—
25
-
—
preferred
Smith
6%
108
Light—
96 %
52
5
12.50
&
102%
102%
14%
2.50
19%
10
Power
100
Light 3s
Elec
Power
Public
City
Kentucky Utilities 4%% pfd-100
1978
29
5
*10
Inc__
Employees Group Assoc
Employers Reinsurance
34 %
27
10
Fire
10
Casualty
Life
47%
32%
2
Fire
Pacific
Connecticut
45%
5
Casualty
Ohio
Ohio
83%
10
Boston
7%
Ask
102%
3s
27%
Fire
New
New
Bankers
6%
25%
—*
Fire
National
4
(Detroit)—10
Narragansett
md
Skogmo 5% conv pfd_50
49
Ind'polis Pow & Lt 5% pfd—100 X106
-1978
Tel
Louisiana Pow
Par
Gamble
4%
Bell
Iowa Power &
29%
Assur__—5
American Fidelity & Casualty_5
American of Newark
2%
American Re-Insurance
10
Stocks—
98
96%
1967
25
Casualty
Equitable
American
J:
120
Price
Ask
1948
16.88
lc
Shares
9,73
1
Agriculture
6.31
**'
1948
Bid
1,
tOct.
Stocks Inc—
2.80
Inc-
j
-__l
Series
Series
15.74
York
10.03
4.72
Int. Rate
tSept. 15,
10^38
l
New
5.81
•
Institutional
1961
7.66
2.57
Investors•
100.4
1949-
4.58
9.25
Income Foundation Fund
100.1
15,
Other Issues
4.53
lc
Fund
1%S Apr.
101.4
U. S. Certificates of Indebtedness
14.96
9^0
7.01
—lc
shares
Plan
100.24
tJan. 1,
13.94
4.19
7.76
shares
Utility
Howe
100.6
Dollar
4.12
8.75
shaves
100.1
100.3-
13 88
1
lc
stock
12 84
1
7.15
shares'—
99.30
1949
15.28
1
Corp
Industrial Stock Series
Selected Group Series
8.07
Railroad Bond shares
RR Equipment shares
.
8.41
Low Priced Com Stock
Series 1
New England Fund
-:1c
lc
shares
1948
20,
Panama Canal 3s
Maturity—
Series
—lc
shares-**
,Mining ..shares—Petroleum
10.15
9.19
shares, lc
Company
Priced
8.T7
9.67
lc'
Institutional bond shares—lc
'•'Merchandising shares
15,
Jan.
98.24
98.16
-
'Ask
Sept.
1%S
,
29 68
1
Investors
Chemical
•
shares..—*
1,1953-1951—
1955-1953
Bid
1%S
98.8
98
5.23
7.67
27 38
1
Balanced Fund
National
Building
Group Securities— ,
Agricultural shares
4.75
1
Stock Series
25.30
1
Fund—;
Fidelity Fund ,Inc—
First
1,
100
point
a
Banks—
"5.74
National Security Series—
Bond series——
Income
5
Btock
99.26
1,1952-1950—
2'As Feb.
Securities-
Speculative
Baton & HowardBalanced
Fund—*———1
.
1, 1950-1948—
82nds of
Loan
4 85
5.21
Invest Fund Inc.—
Nation-Wide
17.37
1.55
\
Shares
Dividend
6.06
16.07
investment-—1
Commonwealth
1%S Oct.
1'As May
l%s Jan.
more
Home
4.32
Petroleum shares
lc
Steel shares
———lc
Manhattan Bond Fund Inc
10c
Mass Investors Trust
_i
15.69
—.1
Securities
Preferred
or
5.30
Fund———
Christiana
%
18.92
1
Ltd
Fund
one
Federal
4.65
Mass Investors 2d
Fund
Bullock -Fund Xtd—
Ask
5.01
lc
Furnishings shares
None-Ferrous Metals
Paper shares
4%
*
.1—1
America
Inc
Fund
Bid
4.91
Home
1
*—1
Federal Land Bank Bonds—
49.96
3.94
shares
Drug shares
lc
Electrical Equipment
shares-lc
General Industries shares—lc
8.97
16.33
—5
Corp
Blair Holdings Corp.*
Figures after decimal point represent
Ask
105.01
_lc
Automobile
11
IOV4
Inc——1
Beneficial
Bid
102.91
Managed Funds—
4.45
4.07
2
Fund
•
Sayles Second Fund—10
Business Equipment shares.lc
10
Oilstocks
Standard
series
Axe-Houghton
Par
6.05
4.89
Shares—
Business
Ask
5.51
4.47
Holding Corp
American
Bid
1
l'A
Inc
1
Obligations Of Government Agencies
included Mn
x
578
2
49'A
A 54%
; 56%
(not Included in year's range).
range).
e Ex-interest.
Admitted to trading N. Y. Curb,
(Un) Admitted
dividend,
y
to
Ex-rights,
Unlisted
z Ex-stock
fFlat
r
bBig yield price,
Trading
k Admitted
price,
Cash
sales
privileges,
d Deferred delivery
to
listing
(not included in
w d When
on
N.
Y.
year's range).
delivered,
w
sales
Stock
(not
Ex¬
t Ex-stock
1 When
Usued.
dividend.
51%
4
Ex
n
sale
year's
10
76%
80%
Westchester Fire—.—,..2.50
34%
*No
par
value,
tin default.
JThese
36 %.
dividend
paid
on
May
10.
"A
I
bonds
are
subject
•
to
all
Federal
taxes.
!Ex
t40
Bain
Volume
•
168
Number 4715
THE
COMMERCIAL
T H EC OU R SE
Bank
■
'
with
clearings this week show
a
decrease
a
compared
Preliminary figures compiled by
ago.
appear
We
cannot furnish
them today,
possible to obtain weekly clearings will
V
below those for the
Our
preliminary
corresponding week last
totals
stand
against $13,269,006,430 for the
;this center there is
12.9%.
Our
loss
a
the
comparative
$12,084,550,266
week in
same
for
at
week
1947.
ended
for
summary
At
Friday
the
week
'follows:
CLEARINGS—RETURNS
BY
J
>
8oston_
527,307.018
779,000,000
375,786,805
419,660.850
_
«' Kansas City
225,581,183
Ban Francisco
273,986,000
■;
252,688,361
Baltimore
166,612,393
117,546,075
$9,210,854,301
$10,377,139,461
2,107,415,564
6.3
—
7.3
—
349,748,000
250,922,599
257,486,085
2,158,488,370
_
Pittsburgh
;
—10.5
227,500,000
Cleveland
6.7
—
240,746,114
210,900,000
i
+
:'»Other cities, five days
f:«
Total all cities, five days..
—21.7
-
0.7
—
208,486.010
1
+23.5
6.2
—
—11.2
706,280,401
which they are located and from this it
appears that in
the New York District
(including this city) the totals
show an improvement of
week
not avail¬
24.4%, in the Boston Reserve
in the Philadelphia Reserve Dis¬
Cleveland Reserve District registers
District of 23.9%
trict Of 38,3%.
has to be estimated.
cases
statement, however, which
arid
expansion of 36.3%, the Richmond Reserve District
of 30.3% and the Atlanta Reserve District of
20.1%.
In
the Chicago Reserve District the totals record a
an
we are able to give the final
complete results for the week previous—the week
ended July 3.
For that week there was an increase of
28.6%, the aggregate of clearings for the whole country
and
gain of
25.2% in the St. Louis Reserve District of 35.4% and in
the Minneapolis Reserve District of
42.6%.
In the Kan¬
having amounted to $15,905,296,122, against $12,370,785,928 in the same week in 1947.
Outside of this city there
was
an
increase of 34.6%, the bank
clearings at this
In the
following
furnish
we
a
summary
sas
City Reserve District the increase is 24.6%, in the
District 39.1% and in the San Francisco
Dallas Reserve
Reserve District
68.9%.
-
by Federal Reserve Districts.
SUMMARY
Week Ended July
New
3rd
.12 cities
8.9
+ 23.9
1946
1948
$
$
,
1,053,291,957
761,487,583
+' 38.3
7
900,331,827
660,766,386
+ 36.3
6
617,077,814
437.101,151
616,332,464
335,471,822
+ 30.3
312,501,544
280,283,722
512,978,125
+ 20.1
17
460,232,891
1,027,357,684
380,109.953
820,3.71,859
+
25.2
4
689,932,908
472,211,910
586,416,838
348,801,286
+ 35.4
7
325,272,649
268,764,832
391,423,138
274,462,775
+ 42.6
245,828,419
u<.~.
;
Louis
Minneapolis
10th Kansas City
11th Dallas
"
10
...
451,481,617
7,812,183,812
768,578,981
24.4
+
488.808.003
392,340.807
+ 24.6
215,519,373
+ 39.1
406.165.634
6,493,087.979
670,212,183
580.062,092
213,224,935
339,801,014
299,684,939
6
198,143,333
10
277,216.630
Total
782,810,277
463,603,964
+ 68.9
555,149,017
167,766,535
480,412,942
15,905,296,122
12,370;785,928
+ 28.6
12,776,183,999
10,803,724,275
7,326,162,623
Francisco.
Outside N.
Dec. %
8,881.634,165
Chicago
4.5
+
—
Inc. or
$
10
4th Cleveland
St.
1947
554,308,607
447,282,786
7,137,699,162
.12
Philadelphia
5th Richmond
9 th
CLEARINGB
.11
York
6th Atlanta
7th
BANK
$
•
2d
OF
1948
.
9.7
.
$13,269,006,430
3—
Federal Reserve Districts
1st Boston
12th San
—
733,378,599
$12,084,550,266
Total all cities for week—.
2.4,
—
$11,318,269,865 $12,535,627,831
All cities, one day
V t
the
as
are
having recorded an increase of 23.8%. We group
according to the Federal Reserve Districts in
the cities
present further below
we
8th
Ten cities, five days
inasmuch
center
by
week.
Accordingly, in the above
press.
the last day of the week in all
In the elaborate detailed
—1*3.1
727,000,000
—
St. Louis.:.
going to
next
—12.9
Chicago
Philadelphia
f
able at time of
C LEA RINGS
covered
of
43
Cent
$7,194,487,033
458,138,858
;
f
i
1947
$6,264,440,378
j.
issue
our
Saturday and the Saturday figures
Per
1948
Week Ended July 10—
': New York
s
ends
in
(187)
TELEGRAPH
'
p ■
|,.p
Complete and exact details for the week
foregoing will
from which it is
;of
BAN K
the
;July 10, clearings'from all cities of the United States
8.9%
O F
telegraphic advices from the chief cities of
based- upon
year.
FINANCIAL CHRONICLE
us,
year
the country, indicate that for the week ended
Saturday,
■be
&
5,442,766,309
+ 34.6
5,147,901,294
4,496,446,554
"
112 cities
Y. City
•
*
Our usual
the
.on
monthly detailed statement of transactions
New
York
Stock
Exchange
is
appended.
The
:results for June and six months of 1948 and 1947 follow:
Description—
Month of June——
Stocks—
'Number
of
1948
1948
30,922,212
17,482,740
168,315,502
125,369,856
misc.
&
$96,285,900
$63,590,400
$542,345,000
3,198,000
$476 246,000
-Internat'l .Bank
■A Foreign
201.000
———•
;
govt.—
7,474,400
6,101,400
47,960.680
37.4^4 "01
S. government
I I \V.
60,000
385,500
443,500
1,613,500
Total
bonds—
$104,021,300
$70,077,300
$593,947,180
$515,263,900
HNew York Stock Exchange for the six months of 1945
:J| to
1948 is indicated in the following:
"
Months—
January I
February
1948
May
New
3d
1946
1945
.
20.6%.
Atlanta
7th
8th
St.
9th
10th Kansas
Minneapolis
City
20,615,786
30,409,809
32,024,018
17,482,740
21,716,872
83,553,396
19,820,103
200,704,729
<
IIII—III—IZZII15
of bank
•;
six
months
1948
York.
New
Chicago
Francisco
Total.
ended
with
Outside N.
.184 cities
CITIES
We append another table
June
1946
1947
IN
JUNE
1945
1948
1947
1946
1945
$$$$$
$
$
31.123 30,163 33,159 187,825 177,654 182,517
19,265
17,604
15,175
5th
1,930
' 1,680
1,956
11,751
11,083
10,478
9.831
6th
Atlanta
4.110,
3,399
"3,243
3,188
23,485
21,192
19,294
17 556
7th
Chicago
1.271
1.062
910
897
7,116
6,133
5,268
4 883
8th
St. Louis
6.887
9th
^'Pittsburgh.
ii.San. Fran.-"
,
1,387"
1.092
1,068
1,284
7.580
6,614
6,170
9.6
+
20.6
+
24.4
2,258,876,232
:
34,120,006,432
3,331,796,004
3,401,500,780
2,955,621,559
1,640,321,760
+
15.9
+ 10.7
3,225,612,006
1,502,817,755
2,423,933,363
2.239,229,988
5,267,372.14.9
+ .17.0
+ 20.1
1,395,006,414
+ 26.0
1,525,395,623
1,934,945,753
4,809,590,478
4,610,008,013
1,795,268,582
1,542,842,682
1,209)889,094
1,948,157,527
1,527,646,584
2,639,141,827
2,293,611,313
+
1.787,579,582
+ 26.8
2,934,207,118
+
22.0
19.3
1,452,951,812
1,066,240,463
1,764,833,513
1,318,493,362
2,529,789,856
60,932,061,153
+ 14.1
56,671,442,306
59,338,531,534
29,808,360,226
+ 19.2.
26,507,504,386
26,179,068,749
in the six months for four
years:
Six Months
Six Months
1947
14,119,244,093
194,714,424,198
24,692,705,785
22,639,782,922
Richmond
2.082
——
+
1945
$
Inc.
or
13,195,088,913
183,730,253,619
1945
$
7.0
12,352,575,222
6.0
187,610,673,725
11,415 ,947,216
170,748 737,853
+ 10.9
20,187,574,467
16,955,351,590
8,786,812,747
18,324 163,733
17,457 ,251,07©
7,959 ,541,521
+
+
22,263,511,988
19,765,571,357
9,843,001,816
12,429.641,206
9,739,073.252
14.5
+
9.9
+
8.8
13,111.523,334
11,408 612,789
+ 11.5
27,065,135,036
10,920,632,263
35,581,006.916
_
+
15,059,248,912
31,917,078,527
10,817,596,540
16,385,354,214
Minneapolis
Kansas City.
Six Months
1946
Dec. %
-14 cities
Cleveland
2,411
1946
2,002,452,822
31,092,133.675
69,493,930,413
Philadelphia
2.531
165,723
13,753
4th
2,925
'St. Louis,—
Mv
3,589,749,553
3,331,446,890
1948
_
3d
$
or
10.0(
showing clearings by Federal Reserve Districts
Federal Reserve Districts
Boston
2d
New York
1st
Jan. 1 to June 30
+
35,520,398,944
Y. City.
3,355
—
fFhila.
LEADING
Inc.
Dec. %
.
32,194,851,893
Six Months
33.973
—
'5-Boston
AT
—Month of June
omitted!
;*
3,501,220,780
12th San
clearings at leading cities for the
the
and
CLEARINGS
(000.000
1947
2,278,712,536
2,797,972,091
?iin each of the four years is shown below.
if
Francisco Reserve District of 19.3%.
2,267,359,026
11th Dallas
101,604,706
125,369,656
168.315,502
BANK
and in
The Cleve-
4i,310 2,0
58,71.8,076
Louis
and in the Min¬
In the Kansas City
Reserve District the totals show an expansion of
22.0%,
in the Dallas Reserve District of
26.8% and in the San
1,901,904,223
16
99,100,023
Chicago
gain of 17.0%, in
2,682,948,131
6,164,645,843
2,155,422,542
1,757,623,037
Chicago
27,492.243
a
neapolis Reserve District of 26.0%.
41329,434,585'
£143,971,802
8
32,612,585
28 270 442
16
register
the St. Louis Reserve District of 20.1%
improvement
35,285,854,966
14
—;
District the totals
2,505,573,337
-_:_i7
'25,663,765
71 5
14 cities
Cleveland
111,266,707
2076197550 " 317426
I
,
66,651,580
months
June
of
Richmond
6th
30,922,212
of
an
$
Philadelphia
4th
108.304,035"
course
Reserve
1948
York
19,336,900
42,769.258
'month
2d
38 995,195
June
.2nd Quarter
land Reserve District has
managed to enlarge its totals
by 24.4%, the Richmond Reserve District by 15.9% and
the Atlanta Reserve District
by 10.7%.
In the
in¬
an
body of clearing house's of 14.1%,
Federal Reserve Districts
1st
Boston
51,501.197
"34,6127565
1
was
Reserve District of 10.0%
34,092,745
,
there
clearings, having been $69,493,930,aggregate $60,932,061,153.
In the New
Philadelphia Reserve District
23,556,803
Ifi'Ap'ril
The
the
23,757,877
22,992,575
of the clearings for
that month
York Reserve District the totals
record
of 9.6%, in the Boston
201217,606
"60,011.467
'I;Six
413 and the 1947
5th
I |r ;>v.
1947
; -1st Quarter
7
for the entire
16.801,286
If
fi'lMarch.' I
a summary
For
Month of June—
The volume of transactions in share properties on the
|1;
today
June.
the 1948 aggregate of
1947
shs.
Bonds—
"Railroad
£;
month of
crease
Six Months
1947
We also furnish
the
+ 13.8
9,135,612,258
27,067 797,154
8,200 776,667
1.678
1,586
1,449
1,345
10,212
9,380
8,564
7,670
10th
6,891,676,717
806
761
845
5,391
4 851
4.465
4,263
11th Dallas
15,827,123,578
5,599 468,521
933
8,329,280,812
13,814,566,254
+ 16.9
•'Baltimore:
+ 14.6
11,259,939,282
1 Cincinnati-
823
681
566
586
4,544
3,357
3,232
12th San Francisco
+ 25.2
1,220
1,049
954
8,308
7,211
5,908
5 350
17,501,238,149
+
17.7
8,798,367,073
15,402,657,302
9,923 761,597
7,429, 392,803
1,486
13,249,413,318
20,600,269,754
10,584,392,930
i Kansas
City
4,042
14,229, 273,309
1.507
1,214
1,029
1,080
713
8,155
7,093
5,771
5,861
6,566
'5,544
4,654
3,736
390,795,635,776
356,923,865,540
+
9.5
337,557,898,753
309,764,724,238
202,970,004,466
179,269,115,342
+ 13.2
155,040,427,670
144,041,259,469
PCleveland
_
Minneapolis
1
1,187'
New Orl'ns.
^Detroit
:#;Louisvirie
f
809
"
486
455
439
395
2,982
2,833
2,589
2,301
1,631
1,371
1,268
1,651
9,713
8,471
7,168
425
367
352
2,998
2,675
-2,219
2 028
520
446
350
330
3,020
2,794
2,199
1,930
_
.—
Providence.
122
271
203
383
351
St. PauL—
372
301
Denver
446
.
107
Milwaukee-
buffalo'--
371
—_
ilndianapolis
236,"
96
193-
687
632
559
185
1,519
1,315
1,132
2,139
1,968
2,124
1.849
342
266
2,574
2,300
The
1.719
239
1,572
1.495
Outside N.
985
320
272
.
95
192
253
.
.
—184 cities
Y. City.
following compilation
1,262
1,969
1,563
: 164
154
1,331
1,186
'955
829
531'
448
399
374
2,988
2,790
2,347
329*
288
248
191
2,181
1,997
1,558
MONTHLY
2,992
.2,483
2,234
895
742
581
510
438
J„
547'
398
391
462
236
190
157
136
Hartford—
112.
90
86
84
60,544 -53,616
50~,282
53,652
7,316
"6,389
5;686
-Tot. 27ctS.
Other cities
8,949*
.
1,347
...
.645
339,438 313,395
51",357
jTotalalL._ 69,493,60,932~56,671~59,338~390*,795
Out. N.Y.C.
—1'
35,520
•
29,808
•
.
r
1
i
We
now
add
.•
.
26,507 26,179
43,528
66,770,398,413
57,526,012,785
69,245,050,390
62,831,178,535
+
54,218,083.234
+
62,909,609,060
193,541,461,588
.
179,958,870,829
—
36,535
Total 1st Quarter
April
May
June,
Total 2nd Quarter
197,254,174,188
Total 6 Months
^
.
showing the figures for
~
•:
1948
$
'
$•
,
First Federal Reserve District—Boston—
Me.—Bangor
Portland
Inc.
or
1948
Dec. %
1947
$
$'
8,044,566
Mass.—Boston
+ 44.3
47, 488,602
19,165,556
17,218, 055
+ 11.3
113, 973,869
2,082,573,132
*
•—
5,573 761
1>930,589, 418
40, 689,884
103, 937,594
7.9
11,751 543,741
8,562,241
6,957 899
11,083 ,471.356
+ 23.1
Holyoke^
49, 055,554
4,777,823
4,021. 394
41, 662,793
!
+ 18.8
Lowell
25 786,851
3,640,788
3,147. 540
+ 15.7
+
New Bedford
8,859,705
7,187. 490
+ 23.3
Fall River
;
r
—
L
'
v Springfield
:f Worcester—
Conn.—Hartford———.
1 New.
Haven—-
Waterbury—_•
:
*
,
!
25.491,272
.
6,778,186
t
2,505,573,337
...
48 832,312
+ 13.8
6.1
29,979,198,075
35,401,982,893
27,176,824,239
+ 10.3
+10.1
31,211,042,884
+ 13.4
+
7.6
101,000,381,579
89,691,352,557
+
+
13.7
+
6.6
29,753,982,334
30.015.420.225
+ 13.9
58,201,284,059
60,932,061,153
+ 14.1
33,900,466,242
32,548,757,701
35,520,398,944
645 054,544
+ 33.6
+ 12.6
-
281 ,525.851
'•'V
a
89,577,762,785
179,269,115,342
.1,600,664
30, ,724,580
13,195,088,913
or
1946
Dec. %
+
1945
$
17.8
+
9.7
3,790,608
+16.1
+
6.0
462,313,430
376,070,966
+ 22.9
1,998,143
1,335,934
+ 49.6
t
378,774,392
+ 17.7
1,528,371
.
"4,400,795
.
14.5
1,244,575
3,397,231
349,967,511
1,152,368
■
~
+ 21.7
686,319
+ 18.7
"64 ,750,200
Inc.
1,510,221
3,733,473
+ 10.9
632 ,704,700
14,119,244,093
1,885,275
+ 16.7
$
581, ,457,681
35 524,109
+ 10.0
Week Ended July 3
1947
619,926
8,344,352
687 735,400
+ 11.8
13.8
+ 13.2
years:
$
2,210,088
+ 28.6
8.4
.+
+
101,969,622,887
202,970,004,466
1948
Dec. %
+
12.6
+ 19.2
9.5
+
July 3 for four
+ 10.4
+ 13.7
Dec. %
29.808.360.226
+ 11.5
.
)+ 15.4
+ 15.0
-72 416,200
-
2:278,712,536
176,964,994,711
356,923,865,540
237, ,219,245
'
+ 23.8
11,421 800
5,269, 032
1
,44, ,242,057
140 503,315
or
31,303,485,434
171 ,875,744
122 ,166,899
198 ,301,018
+23.5
39,964 ,989
107,530, 500
22, 524,238
17, ,661,942
21 502,727
'.
4- 29.3
■
90,701. 011
,
J
122.296.000
—
—.
Total J14 clUea;-*.
-53.384,177
12,856.000
i——.
28,485 642
20,644 005
112,315,060
—L——
R. I.—Providence
N«H.—Manchester—
36,828,831
.*
+
Inc.
35,619,200,611
Inc. or
1
—
6.3
-Jan. 1 to June 30-
1947
.
1947
$
each city for the month of June
and.the week ended
-Month of June-
Clearings at—
1948
57,831,649,499
^390,795,635,776
.
or
Dec. %
$
31,747
356,923 337,557 309,764
detailed statement
...
Clearings Outside New York
-
Inc.
$
March
202,970.179,269"l55,040"l44TOTl
./
our
301,022 278,017
—-
1947
65,744,380,629
62,015,863,146
69,493,930,413
February
2,433
1,120
January
1948 and 1947.
CLEARINGS
Clearings, Total All
1948
$
1 214
Salt Lakc-C
the clearings by months since Jan.
1,
—
Months—
2,091
Memphis—
'Seattle
covers
492
Richmond.
:
Total.
9,245
530;
—
Cmaha
935
-
600~717
V-
~49~4"383
1,382,942
+
59.8
1,523,960
1,253,676
6,070,700
.
5,542,741
27,279,246
12.097,180'
~+To~7
+ 37.5
6,543,241
5,101,531
4,311,574
+ 28.6
22,605,136
i
v
+ 20.7
21,696,152
9,759,815
+ 24.0
9,955,088
7,115,527
18,603,700
1,130,821
+ 38.8
21,637,800
16,118,400
1,800,849
447,282,786
+ 23.9
3,029,398""
2,939,008
15,580,575
——
i_.
+
8.7
+ 15.6
+
7.0
25,821,200
1,729,838
554,308,607
+
53.0.
„
948,804
451,481,617
•.
406,165,634
•
44
(188)
COMMERCIAL
THE
Month of June—
Clearings at—
1948
$
CHRONICLE
FINANCIAL
Monday, July 12, 1943
-Week Ended July 3
Inc. or
1946
-Jan. 1 to June 30
1947
$
&
1947
Inc. or
$
1948
Inc. or
Dec. %
•
Dec. %,
1943
1947
$
i::n
$
«•!)'
Dec. %
1945
$
Second Federal Reserve District—New York—
N.Y.—Albany
199,098,215
Binghamton
+ 41.2
141,009,456
833,920,734
13,514,485
10,808,842
383,751,190
351,001,632
7,349,731
6,353,504
New York
8,329,512
33,973,531,469
7,959,651
31,123,700,927
Rochester
90,261,178
Syracuse
64,418,104
74,053,143
46,547,189
Utica
12,862,354
9,430,278
44,708,319
+ 36.4
Jamestown
i
Conn.—Stamford
73,102,434
N. J.—Montclair___
S
3,813,205
+ 45.5
1,918,816
1.678,608
8.7
89,029,894
•71,242,794
+ 25.0
58,597,653
58,624,239
+ 14.1
1,442,841
+ 34.2
1,494,701
1,106,720
+13.5
1,935,656
2,130,845
8,579,133,499
1,728,053
6,928,019,619
+ 23.3
5.7
+ 23.8
16,008,890
+ 29.8
1,311,508
7,628,282,705
11,966,341
6,909,756
6,307,277,721
14,632,114
7,199,199
1,968,470,064
177,654,750,198
+ 21.9
187,825,631,310
562,880,264
436,214,556
+ 15.3
20,776,505
+ 38.4
344,628,215
277,659,029
+24.1
14,191,369
10,977,784
+ 29.3
53,907,521
270,740,123
+27.3
+23.3
14,477^385
12~637~749
+
4.6
+
9.2
+
8,720~771
781,063
35,036,586
55;408,049
+ 33.8
43,930,699
554,709
32,879,487
45,251,208
8,881,634,165
7,137,699,162
+ 24.4
7,812,183,812
6,493,087,979
16,716,478
+ 16.6
983,523,500
+10.9
910,237
45,894,010
199,744,711
+ 20.4
1,343,554,763
1,240,785,415
8.3
7,110,037
+
7.9
43,621,369
39,277,534
35,285,854,966
32,194,851,893
+
9.6
Federal
Reserve
194,714,424,198
+ 11.1
183,730,253,619
6.0
+
District—Philadelphia-
Pa.—Altoona—
5,063,582
Bethlehem__„
+
3.2
29 281,319
29,428,354
1,215,115
753,796
3,774,944
+ 15.9
26 664,921
23,012,463
+
15,9
1,173,913
873,719
+ 34.4
600,597
584,302
5,446,104
—
4,905,611
4,373,852
_____
W- Chester________
4,757,721
+ 14.5
29 777,824
26,681,620
+ 11.6
1,016,296
841,207
+ 20.8
933,003
682,043
2,118~549
2,532^340
—1673
2,377,135
1,6871480
1,011,000,000
728,000,000
—
Harrisburg
V
ll,Tl~5~982
+ 28.8
+ 13.5
19,487,418
1,090,916,516
7,673,494
(14 cities)—;—
1,127,374
706,522
32.3
22.4
+
14,035,831
40,446,479
41,404,609
+
+
Oranges__L__
10,837,952
~+14~6
+ 15.7
+
2,881,723
169,542,481
Northern N. J
Third
+ 412.0
2,522,006
+30.4
66,747,193
207,584,561
;
Total
,
2,139,040,940
42,111,318
50,978,307
+
240,565,034
Newark
™:
10,561,816
3,670,284
44,927,851
75,218,254
9.3
54,076,432
36,923,886
333,825,406
Elmira
+ 25.0
,+ 12.7
639,610,271
.
68,609,384
+ 63.5
Buffalo
25,288,020
19,489.970
+ 29.8
135 ,019,587
117,744,036
Lancaster
14,203,436
12,630,896
+ 12.5
84 755,587
78,170,478
+
Lebanon
4,753,137
0.5
+ 12.5
1,373,616
+ 14.7
8.4
3,957,674
+ 20.1
22,195,457
+
6,909,986
6,415,640
+
7.7
35 895,618
31,597,873
+ 13.6
4,110,000,000
3,399,000,000
+
20.9
23,485 ,000,000
21,192,000,000
Norristown
Philadelphia—>
1> Reading
1,545,187
23 682,167
6.7
10.8
+
741,000,000
644,000,000
12.605,184
11,755,695
+
7.2
76 ,397,539
70,845,625
+
7.8
3,700,377
2,534,617
2,424,342
23,782,844
19,495,533
+ 22.0
132, 902,455
114,755,517
+
15.8
5,897,367
3,286,794
4,879,795
Wilkes-Barre
1,959,058
2,742,689
10,907,814
9,608,196
+13.5
60 ,759,738
57,337,984
+
6.0
2,680,347
1,651,766
York
1,797,602
20,343,777
15.878,022
+ 28.1
109, ,077.116
101,223,359
7.8
4,603,008
4,601,252
Du Bois
2,329,439
1,355,821
1,406,777
Hazleton
6,856.772
5,368,935
Scranton
Del.—Wilmington
42,633,771
35,513,898
N. J.—Trenton
34,910,485
35,790,041
4,329,434,585
3,589,749,553
Total (16 cities)
3.6
7, 691.267
35, 269,625
+
8,047,231
+ 27.7
28,980,577
—
■\
1,937,267
1,916,664
4.4
—
+ 21.7
+ 20.0
227 738,060
189,579,461
+ 20.1
9,604,001
6,983,385
+
37.5
5,916,940
6,422,070
2.5
192, 792,962
171,911,953
+
12.1
9,952,912
8,808,887
+ 13.0
5,105,003
7,526,800
+ 20.6
24,692,705,785
22,263,511,988
+
10.9
1,053,291,957
761,487,583
+ 38.3
768,578,931
670,212,183
—
Fourth Federal Reserve District- -Cleveland—
31,770.996
27,283,302
+ 16.4
175,193.248
158,501,602
+10.5
823,657,790
681,880,028
+ 20.8
+ 12.4
189,084,969
6,629,874
137,240,098
+ 37.8
126,174,828
1,507,831,652
1,214,569,983
+ 24.1
4,544,216,049
8,155,795,956
4,042,076,797
Cleveland
+
15.0
336,490,758
253,783,836
+ 32.6
226,791,709
+ 26.2
38,473,400
23,224,800
+ 65.7
18,696,000
204,274,872
19,874,500
+ 17.0
4,638,121
4,519,536
2.6
2,772,708
2,581,937
+
5.0
6,699,193
6,383,762
4.9
4,229,602
3,831,034
+
13.8
316,359,606
228,984,480
38.2
232,729,879
237,670,957
617,077,814
580,062,092
Ohio—Canton
Cincinnati
Columbus
152,548,500
111,979,100
+ 36.2
819,522,700
7,093,864,907
649,609,900
Hamilton
8,915,733
41,206,220
37,576,669
+
+ 16.9
23,824,653
22,078,299
+
Mansfield—
+ 25.1
21,487.924
+ 11.3
155,437,963
102,257,525
148,049,203
16,316,914
+ 23.4
111,723,892
98,158,910
73,981,015
Toledo
25,670,676
20,132,328
—
17,172,835
28,559,065
Youngstown
Newark
64,507,401
+ 14.7
417,193,641
356,975,195
Pa.—Beaver County
2,733,355
Greensburg
Pittsburgh
4,390,897
107,437,895
4.1
+
2,625,911
15,117,935
+ 16.9
+ 10.2
13,714,967
1,906,946
1,564,318
+
21.9
10.903,898
8,867,403
+ 23.0
1,387,548,490
1,092,517,413
+
27.0
22,389,164
18,589,095
+
20.4
7,580,868.655
126,487,631
6,614,725,186
107,539,058
+ 14.6
Erie
Oil City
20,728,891
18,686,249
+
10.9
121,910,425
110,384,002
+
10.4
16,743,327
12,693,815
+
31.9
114,587,600
108,805,680
+
5.3
18,462,897
15,543,700
+ 18.8
106,179,371
+
14.9
*
Ky.—Lexington
W. Va.—Wheeling
Total
Fifth
(17 cities)
Federal
4,143,971,802
—
Reserve
+ 14.5
900,331,827
+ 36.3
660,766,386
10,449.041
+ 25.0
3,215,440
1,749,585
+ 83.8
42,144,000
448,900,751
+ 15.3
285,714,000
250,638,000
+
14.0
11,270,000
7,589,000
+ 48.5
8,113,000
6,449.000
+ 18.4
2,988,903,600
2,790,084,750
+
7.1
124,428,489
88,691 836
+ 40.3
87,680,323
71.900,472
+
8.7
531,553,401
8. C.—Charleston
15,020,952
71,428,406
•*.#
8.9
13,788,869
+
30,538,860
24,976,555
+ 22.3
933,082,013
4,539,276
806,572,447
3,811.175
+ 19.1
325,501.822
289,678,922
+ 12.4
1,901,904,223
1,640,321,760
+ 15.9
10,817,596,540
Columbia
Md.—Baltimore
Frederick
C^-Washington—
Sixth
92,386,054
19,765,571,357
13,057,899
Richmond
Total
22,639,782,922
48,610,000
Va.—Norfolk
D.
+ 24.4
3,331,446,890
+
+ 17.6
District—Richmond—
W. Va.—Huntington.
+
5,683,083
7.9
119,613.085
+ 29.5
9.7
4,573,729
5,934,455
3,911,695
+ 50.2
Lorain
8,585.780
(8 cities)
Federal
_
Reserve
87,288,147
-<
+ 17.1
60,978,633
V
80,271,819
3.379,823
2,373,351
1,661,691
+ 12.6
2,376,419
2,105,243
*+30.3
3,001,540
156~5~7~3~,925
153,731,964
176,339,226
151,401,773
+ 16.5
5,391,829,105
4,851,407,567
+ 11.1
26,089,204
22,581,842
+ 15.5
1,790,004,852
+15.7
1,635,637,432
+
9.4
67,269,445
59,832,143
+ 12.4
55,384,526
44,435,346
9,843,001,816
+
9.9
437,101,151
335,471,822
+ 30.3
312,501,544
280,283,722
398,643,059
+
9.1
£
-
174~607»718
227,537,954
„
District—Atlanta—
Tenn.—Knoxville
69,859.989
298,228,191
8.1
434.987,159
Nashville
253,410,465
+ 17.7
1,703,859,428
1,519,611,726
+ 12.1
68,255,158
48,139,491
Ga.—Atlanta
944,800,000
840.400,000
+ 12.4
5,725.000,000
5,254,600,000
+
9.0
223,600,000
217,700,000
17,331,620
14,795,554
+ 17.1
102,196,153
97,926,186
+
4.4
3,799,633
Columbus
17,097,099
14,913,738
+ 14.6
104.555,713
93,702,318
+ 11.6
Macon
15,373,614
+ 29.5
83,841,821
75,462,513
+
3,333,242
4.6
2,187,622,127
1,980,898,816
24,184,195
11,872,076
315,960,496
20,997,584
+ 15.2
354,335,750
140,723,733
+
9.7
376,626,023
337,901.409
+ 11.5
2,280,093,624
2,101,176,061
+
8.5
Mobile
29,627,661
26,624,192
+ 11.3
186,386,494
159,591,917
Montgomery
13,874,262
+
6.9
87,518,950
80,652,688
+
Augusta
330,348,148
Fla.—Jacksonville
Tampa
Ala.—Birmingham
+
64,636,391
Meridian
5,694,399
12,975,144
14,491,000
32,700,420
4,718,104
Vicksburg
1,743,422
1,800,029
486,841,314
455,736,761
2,682,948;18l
+
2,423,933,363
14,961,000
Miss.—Hattiesburg
Jackson
36,357,244
La.—New Orleans
Total
(16 cities)
Seventh Federal Reserve
3.2
91,692,000
210,069,617
3.1
11,321,398
9,502,819
6.8
2,982,280,159
2,833,385,705
16,385,354,214
15,059,248,912
—
+
+ 10.7
—
3.5
11.707,635
11,232,633
+ 41.3
44,795,140
32,804,458
2.7
175,600,000
157.000,000
3,022,365
+ 25.7
3,102,700
2,509,525
2,616~577
+
27*4
2.615562
2j2l"775
+
77,995,275
61,675,486
+ 26.5
58.123,157
44,567,083
62,284,916
+ 59.8
61^263,460
7,003,664
8.5
—
31,753,658
16,702,307
99,543,852
+ 16.3
+
187,559,713
34,593,321
17.7
+ 10.4
94,058,000
+ 11.2
+ 20.7
16,115,693
4,244,675
+ 65.0
4,903,925
46,522895
4,282,947
2.5
—
—
—
—
—
—
+ 12.0
———
—
8.9
+
+ 19.1
331,05'6
254,262
"+49.9
+
5.3
116,304,891
96,338,046
+ 20.7
+
8.8
616,332,464
512,973,125
8.4
1,919,407
1,599,933
329,209
268,715
78,799,912
+20.1
460,232,891
380,109,953
+ 20.0
.
97,787,103
1,570,840
842,103
.
District—Chicago-
Mich.—Ann Arbor.
Flint
6,730,366
6,047,491
+ 11.3
38,280,379
35,313,125
1,631,387,836
15,721,923
Detroit
1,371,271,026
+ 19.0
14,253,935
+ 10.3
9,713,077.822
98,614,135
8,471,422,129
89,049,188
Grand Rapids.
Jackson.
45,978,119
6,454,043
5,461,491
Lansing.
M uskegon
Bay City.
ay
23,842,200
25,288,486
10,987,598
+ 20.7
38,089,827
264,613,357
+
+ 14.7
+ 10.7
+ 15.6
228,990,610
+ 18.2
36,492,597
35,601,104
5.7
144,184,897
144,626,778
—
0.3
10,133,870
+
8.4
57,991,367
8,553,092
7,376,662
6,072,391
+
23.3
41,224,312
34,783,663
5/798,100
+ 33.8
159,010,614
126,621,926
50,215,125
42,616,303
+ 17.8
280,748,015
235,429,019
196,679,272
+ 20.3
1,186,666,823
+ 12.2
3,039~460.
+ 19.3
236,544,732
4,027~295
+ 18.5
20,825,636
4~72~8~469
6,286,167
+ 11.6
7,484,257
27,860,742
Ind.—Ft. Wayne.
Gary.
Indianapolis—.
11,400,493
2.5
+
—
64,722,018
+ 25.6
7,422,352
5,071,670
43~505,000
4~0~9~5~,59l
34j8T,000
+ 29.8
5,717,051
57^905,000
29~15¥,66O
South
Bend—
29,258.012
28,028,340
+
4.4
1,331,522,209
163,533,485
134,761,609
+ 21.3
7,068,872
4,352,338
8,164,324
Terre
Haute__
71,563,747
55,728,071
+ 28.4
380,010,589
318,763,757
+ 19.2
16,584,771
11,827,741
10,668,977
6,019,641
11,239,923
Wis.—Madison—
19,533,662
15,658,620
+ 24.7
112,014,878
96,917,018
+ 15.6
1,519,623,575
60~8~37~,277
47,327,620
42^798,746
35¥3~2~536
2,052,759
15,947,082
7,457,260
Milwaukee
271,058,114
203.996,888
+ 32.9
Oshkosh.
4,747,252
3,976,252
+ 19.4
27,488,941
22,077,786
+ 24.5
Sheboygan.
8,294,762
6,801,789
1,133,043
2,942,521
+ 22.0
45,632,753
40,421,622
+ 12.9
+ 15.5
1,315,593,593.
+ 28.5
-
Watertown.
1,475,680
Manitowoc.
3,756,085
Iowa—Cedar:
17,685,627
Moines.
122,058,262
Sioux City__
67,152,020
■
Ames
+ 13.3
7,557,779
21,834,040
18,473,319
+ 18.2
98,116,689
90,151,640
+
8.8
3,973,721
3,372,653
2,496,963
+ 11.1
687,279,913
+
7.1
28,863,455
335,433,476
+
5.5
13,656,290
23,874,968
11,966,558
17,790,931
+ 20.2
735,885,915
353,950,194
7,751,416
2,284,993
1,771,068
+ 29.0
12,152,852
10,486,923
+ 15.9
6,762,713
5,211,658
+ 29.8
34,750,798
29,676,573
+ 17.1
5,943,334
3,355,758,896
14,241,989
5,351,312
+ 11.1
28,001,558
+
13.4
1,363,333
1,235,504
842,680
2,925,318,794
+ 14.7
31,752,463
19,265,753,833
17,604,977,120
+
9.4
784,856,530
630,741,811
531,078.967
+
8.0
2,307,883
+ 13.8
3,425,395
9,882,909
6,622,063
6,418,412
4,245,281
2,537,204
2,628,620
111.—Aurora—.
Bloomington
Chicago
Decatur
-
8,562,789
27.6
+ 25.3
+
55,852,583
Des
.
+ 30.2
14,113,279
109,834,314
+
8.3
79,488,606
42,901,717
22,183,323
14,901,158
+ 27.1
287,405,318
73,620,506
252,607,190
+ 15.6
128,729,850
113,027,682
+ 13.9
3,369,193
12,263,482
5,651,914
+ 18.2
90,919,045
81,553,133
+ 11.5
3,930,422
5,208,483
3,052,334
2,070,177
1,782,799
+ 16.1
10,909,948
9,200,598
+ 18.6
6,164,645,843
5,267,372,149
+ 17.0
35,581,006,916
31,917,078,527
+ 11.5
1,027,357,684
820,371,859
+ 25.2
689,932,903
586,416,833
1,271,904,924
1,062,332,655
+ 19.7
7,116.592,163
6,133,522,587
+ 16.0
279,200,000
195,100,000
+ 43.1
194,200,000
156,700,000
10,890,134
8,626.729
+ 26.2
64,105,948
55,045,089
+ 16.5
1,608,123
+ 36.7
9,109,089
7,760,079
+ 17.4
530,355,118
1,176,326
425,769.002
2,998,107,006
2,181,246,123
97,299,079
+ 27.3
78,831,359
329,962,148
54,438,792
+ 23.5
51,024,035
Peoria.
54,542,497
Rockford
25,635,208
Springfield.
17,615,872
Sterling.
Total
549,485
451,800,758
13,144,892
CJ1 cities).
1,587,769
2,149,316
Eighth Federal Reserve District—St. LouisMo.—St. Louis
Cape Girardeau.
Independence
Ky.—LouisvilleTenn.—Memphis
+ 24.6
288,200,831
+ 14.5
1,875,549
1,436,518
+ 30.6
10,113,333
2,675,583,311
1,997,004.690
7,554,186
'8,826,546
7,726,521
+ 14.2
50,367,544
44,162,321
2,155,422,542
1,795,268,582
12,429,641,206
10,920,632,263
111.—Jacksonville.
•
■
Quincy
+•••
+ 12.1
123,824,177
9.2
+
67,240,950
71,942,708
38,956,124
.
"
+ 33.9
,
;
.
•■■■:
V,
"o.9
+ 14.1
1,946,783
+ 13.8
472,211,910
348,801,286
1,217,255
1,166,000
+35.4
325,272,649
268,764,832
l¥63,415
'
Total
(7 cities)-
v
+ 20.1
*
"
rfl
.:?
Sf. i-c-. r..;'*../1
-i
-
s
3..,-
::
T
\
;;;
+
.
ttaA fc Z tt?
8%
;
:4 v.
r <-•
...
tfjg
£r .'.J
.%.*
Volume
■
THE
Number 4715
168
COMMERCIAL
FINANCIAL
CHRONICLE
-Month of June—
Clearings at—
-
1948
-
-Jan. 1 to June 30Inc.
1947
$
$
1918
Minn.—Duluth
Minneapolis
+ 32.4
27,031,929
35,852,226
1,187,699,182
$
1948
or
Dec. %
6,620,510
4,030,224
372,146,083
+ 22.0
5,544,171.578
■>
Winona
4,226,710
Fergus Falls
1,238,165
932,115
+ 32.8
31,467,423
20,274,996
4,423,000
5,329,087
3,243,000
3,601,388
15,902,677
26,001,555
13,111,308
21,267,215
+ 22.3
85,838,822
141,136,160
2,916,162
2,545,793
+14,6
17,599,032
N.
D.—Fargo
Grand Forks
'
1
Minot—
S. D.—Aberdeen
"
Falls
Sioux
*
Huron
Mont.—Billings
Great
*
<
12',057,658
,■;
—-i.
3~091~,620
~+~~3.8
2493,684
14*40,597
+ 17.0
85,073,291
69,123,177
68,545,922
210,647,830
7,909,181
59,241,758
199,769,324
8,329,280,812
27630,594
"+27.7
2~024~402
l"547,385
8,274,516
77019,926
"+"l7.9
6,521,886
4~3"79~639
391,423,138
274,462,775
+ 42.6
245,828,419
213,224,935
+ 15.7
9,739,073,252
—
3,359,850
+ 23.1
+ 23.4
-
+
+
6,451,535
'
8.0
22.6
+ 16.9
+ 77.4
1,545,325
.013,668,522
14,490,171
162,119,568
2,794,298,605
13,235,733
9,800,490
510,448
+ 35.5
10,087,954
174,944,993
7,615,578
385,123
446,905,106
+ 16.4
3,020,446,574
2,069,526
+ 21.5
1,473.839
+ 28.3
22,197,555
+ 35.8
164,980,630
140,586,286
44,884,954
+ 52.1
332,377,852
255,162,453
5,899,808
+ 10.4
+ 21.7
35,935,749
8,303,668,236
36,297,279
7,211,375,982
+ 12.7
284,315,600
252,452,049
507,440
.'441,775
+ 24.8
4,905,980
4,564.419
v
1,220,952,899
40,202,175
1
+
119,103,130
96,880,059
+ 22.9
77,399,549
64,795,317
6,079,780
8.1
+
6,509,549
6.6
13,592,056
12,430,800
3,888,737
13,289,286
7
9.5
+ 28.7
+
17.4
+.30.0
.
,
9.3
+
2,415,056
:•
12,255,773
'
+ 15.2
328,478,175
256,683,285
+ 12.6
9,762,750
9,987,855
1,561,551
0.1
10,345,844
8,911,204
+ 42.1
781,236,662
539,855,121
+ 27.2
43,351.781
+ 17.4
371,639,182
+ 20.2
50,896,490
2,574,386,043
2,300,273,613
+ 11.9
8,419,206
6,189,56.8
+ 36.0
50,629,722
38,943,048
+ 30.0
1,894,795
1,467,913
2,797,97.2,091
2,293,611,313
+ 22.0
15,827.123,578
13,814,566,254
+ 14.6
488,808,003
231,735,618
184,655,305
2.3
4,649,634
5,625,203
+ 44.7
7,234,298
v.:.'* ■
+ 28.0
—
+ 16.1
97,347,237
392,340,807
»
cities).
—
1.0
—
1,560,913
Pueblo.
—
;
—
_
1,157,573
—18.0
1,734,470
29.1
1,395,472
1,013,589
+ 24.6
1,411,088
339,801,014
277,216,630
1,224,689
%
.-
+
Federal Reserve District—Dallas—
Eleventh
31,711,609
;
Beaumont-
26,390,724
+ 20.2
17,198,249
Texas—Austin
13,229,026
824,520,610
+ 30.0
105,277,674
74,356,814
+ 41.6
+ 25.4
6,058,578,204
4,866,001,177
439,042,128
573,522,209
119,640,000
4,029,100,641
+ 24.5
31,401,701
+ 18.9
179,072,535
—
90,736,253
Paso
70,066,678
+ 29.5
127,655,171
23,654,000
115.841,690
+ 10.2
20,509,000
+15.3
869,868,888
661,414,453
+ 31.5
5,392,647
+ 28.7
37,342,693
20,282,678
13,750,245
._
Worth.
1
i
Galveston
.
-
Houston
Arthur
,
Falls
:
+
644,926,553/
47.5
7,713,381
257655,803
24,308,064
+ 21.2
5,181,000
4,097,762
5,651,761
3,404,498
161,677^00
138,758,000
5.5
19,560,721
16,654,740
+ 26.4
mmooo
+ 12.4
+ 21.0
+ 44A
6,375,634
248/lTb~000
3,907,000
2,813,000
"
+ 26.6
+
+ 28.2
1,787,579,582
4,084,612
2,570,448
+ 58.9
+
200,733,296
+ 17.8
8,604,143
6,064,465
+ 41.9
13,249,413,318
+ 26.8
+ 46.9
23,214,464
236,435;495
10,584,392,930
+ 25.2
299,684,933
215,519,373
+ 39.1
198,143,333
167,766,535
+ 20.5
119,368,116
78,930,541
+ 51.2
83.512,160
90,684,273
3.8
3,838,966
2,876,259
+ 33.5
3,199,592
2,522,779
143,028,726
60,084,003
+ 138.0
74,720,500
64,179,244
56,222,254
31,057,879
81.0
35,288,106
28,810,337
+ 21.4
+ 25.5
65,741,937
25,304,274
3,832,856
32,631,653
2,267,359,026
cities)
.
96,553,830
4,652,010
40,948,819
Texarkana
La.—Shreveport—
(11
555.857,397
.
10.8
+
161,638,563
145,057,000
5,165,007,663
6,939,891
-
1,033,711,458
-
1
Total
225,504
+ 27.3
6,051,125
7.9
+
138,337,288
—
-
Denver—4
Wichita
294,828
.
534,010
,549,296
"
+ 26.5
9,202,010
i—
-Total (15
+ 32.5
,
,
*680,000
v
446,801,382
Carthage
'
3,209,772
4.8
+
+ 32.6
,
23,508,290
45,301,399
Colo'.—Colorado Springs
•:
4,034,235
——
1,486,341,226
T—«
;-;Okla.—Tulsa
Port
4,119,945
+10.3
5
77,841,649
134,672,161
15,040,342
6,510,512
Joseph
Ft.
+ 21.3
68,258.112
V Kansas City
El
"+13~.8
+ 22.9
30,134,536
—
Wichita
•
6~oTl~135
+ 11.3
21,741,400
520,218,064
—
/Topeka
'
6,840,966
+ 17.4
20,502,000
2,514,283
1,890,316
i-
i
1
(Mo.—Jopiin
Dallas
46,707,143
4.2
'
£ Parsons
\ ■■
149,319,357
67,842,661
136,489,475
29,740,255
Kans.—Manhattan
'
158,227,824
"+45.9
District—Kansas City
—.——
j:» Orhaha_—
,
+ 45.0
62^074,135
22,810,000
26,709,448
+ 26.0
2,741,989
Liiicoln—1
%
187,849,692
90,564,083
14.9
+
1,849,039,447
21,263,921
160,211,480
+ 48.0
1,163,002
Neb.—Fremont
St.
t
+ 16.9
1,395,006,414
•I t Hastings———
,
5,496,579
272,322,929
+
5,205,906
1,485,246
Tenth Federal Reserve
4,898,017
1945
$
+44.5
>
6,085,837
1,757,623,037
Total (16 cities)
+ 18.4
1946
•
+ 8.7
; +27.7
■A-
Dec. %
5,785,673
+ 36.4
32,918,988
Inc. or
6,851,022
+ 55.2
9,770,216
35,780,779
Lewistown
,
+ 20.4
10,9,14,938
14,476,574
Falls
Helena
«
;
24,806,620
35,844,123
2,124,016,933
22,164,488
304.922,355
3,512,252
t>
;v
,
9.5
+
143,920,5)9
6,566,942,785
+ 64.3
Paul,
1947
$
;
+ 18.4
157,537,920
+ 26.9
935,716,695
Rochester
St.
45
-Week Ended July 3
Inc.
1947
$
or
Dec. %
■%:: Ninth Federal Reserve District—Minneapolis—
*
(189)
.
.
A
&
I..
■
-
1,828,146
1,937,013
9.0
i
4,308,151
i
5,409,838
Twelfth Federal Reserve District—San Francisco—
6.4
33,922,635
31,790,144
+ 27.4
2,992,331,912
88,135,551
2,483,932,337
127,112,474
51,876,000
93,630,587
+
+ 22.3
46,907,000
+ 10.6
+ 49.8
+
6,105.549
5,738,922
547,446,799
398,342,355
15,308,268
14,776,063
+
22,207,546
15,802,873
+ 40.5
9,847,000
639,514,431
8,052,000
426,791,635
Wash.—Bellingham
Seattle
Yakima
Ida.—Boise
Ore.—Eugene
-
Portland—,
3.6
Calif.—Bakersfield
,
2,470,405,077
+ 50.8
+ 43.2
66,350,205
52,676,573
+ 26.0
190,197,611
+ 24.4
1,347,190,783
1,120,849.202
+ 20.2
56,281,678
+ 23.6
409,147,436
345,356,839
+ 18.5
23,054,624
+ 68.4
179,484,254
147,025,789
145,474,370
+ 23.4
+ 26.3
270,663,752,;
Berkeley
24,860,194
19,685,247
44,877,230
36,756,312
+ 22.1
Modesto
15,267,945
14,888,501
+
Pasadena
4;
209,895,028
+ 12.2
131,027,408
„
94,844,146 ♦;
+ 16.0
28,388,608
32,929,362
2.5
,
-
+
10,766,377
5,997,930
4.9
♦
+ 10.9
189,206,360
—
—
+ 17.7
229,903,161
90,393,473
'
+
—
+ 79.5
-
———————
~
*
8,522,159
+ 62.2
Francisco——
+
60,954,072
57,385,400
+
+
5.8
10,212,056,944
9,380,996.678
+
8.9
418,802.826
262,373,857
+ 59.6
San
325,424,978
+
3.7
5.0
Jose—
43,589,591
r.
266,639,515
+
253,855.197
Santa Barbara
16,802,763
14,878,882
+ 12.9
105,355,280
38,044,602
34,948,165
+
8.9
212,350,965
(19
cities)
+ 19.3
10,834,330
7,234,707
3,964,591
9.5
7,461,932
2,584,319
7,210.785
+
265,686,000
6,565,842
8,613,605
+ 49.8
+ 14.5
193,885,302
5,235,174
*'T'\
+
91,972,128
8tOckton_
Grand Total
+
6.2
1,586,684,699
42,018,363
•Jw-—
6,310,566
9,133,517
9.0
5,253,684
9,955,459
8an
9,474,524
9,075,534
V-
.
1,678,341,886
Riverside
Total
j,
3,724,933,013
7,787,063
Long Beach
"
35.8
38,823,225
Ariz.—Phoenix
'
—
69,554,121
8alt Lake City
:
—
11,153,815
236,590,994
*
Utah—Ogden
,.k
6.7
+
91,590,913
+ 53.4
3,244,644
2,170,679
3.5
5,759,332
5,084,450
3,501,220,780
2,934,207,118
20,600,269,754
17,501,238,149
+
17.7
782,810,277
463,603,964
+ 68-9
555,149,017
480,412;942
69,493,930,413
60,932,061,153
+
14.1
390,795,635,776
356,923,865,540
+
9.5
15,905,296,122
12,370,785,928
+ 28.6
12,776,183,999
10,803,724,275
35,520,398,944
29,808,360,226
+ 19.2
202,970,004,466
179,269.115,342
+ 13.2
7,326,162,623
5,442,766,309
+ 34.6
5,147,901,294
4,496,446,554
(184 cities)
Outside New York
•Estimated.
.estate loans, and $58,000,000 in "other loans."
Auction Sales
Transacted
,
July 7:
by R. L. Day & Co., Boston, on Wednesday,
-
Shares
STOCKS
1
.
Boston
22
2
Boston
100
«
Athenaeum
Springfield
1
'■»
justments
Trust
Utah
First
Fuel
($1
($300
Co.
$ per share
($5
8
par)
250
par)
par);
par)_—
46
Ohio
Copper
Co.
$5Jot
—
Co., preferred
& Ocean National
-
6OV2
par)—
($1
($100 par)
($50 par)
industrial,
in the City of Chicago, and
San
and
Francisco
"other loans" included
and
The ad¬
agricultural
Redemption Galls and Sinking Fund
the
adjustments
in
$37,000,000 in New York City;
no
loan
item.
A
summary
Notices
$9,000,000 each in the Bos¬
districts;
other district adjustment exceeded $4,000,000 in
any
96
85
^
Bank, Newburyport
commercial,
loans included $44,000,000 in New York City,
$12,000,000
ton
230
par)
Co.
Co._ ($25
Metals
Scale
Howe
8
&
Athenaeum
Pilgrim
Southwest
'3
Ice
($300
in
of the assets and liabilities of reporting
Below will be found
ing tenders, and the page number gives the location in
which the details were given in the "Chronicle."
BONDS
•
$1,000
The Buckingham School 5s,
$1,000
The
Buckingham School,
debenture
income
$6 lot
bonds
Dec. (—) Since
$10 lot
June 30,
June 23,
1948
Condition Statement of Member Ranks
Assets—
_
Loans
and
Investments—total—
62,638
banks of
shows
the
the
;
:
v
Commercial,
industrial,
and
agricultural
loans
de¬
000 at all reporting member banks, and increased $12,000,000
♦'
in
New
York
City.
Loans
for
purchasing
U.
or
S.
Other
dealers
for
S.
678
+
+
—
purchasing
Government
securities
or
banks
bills
Banks
vault——
sported; gross, i.e., before deduction of valuation reserves,
instead-of
were
<
as
adjusted
creases
and
amounted
to
to
previously reported.
a
gross
basis
decreases for the
$169,000,000
of
before
June 23 figures
computing
in-
$96,000,000
was
in
commercial, industrial, and - agricultural 'loans, $2,000,000 in loans to others than brokers and
cfealers for pur¬
chasing
or
carrying other securities, $13,000,000 in real
97
4,358
—
128
+
676
—
91
+
26
—
33
—
243
+
15
—
4,817
21
+
132
+
33
+
1,303
—
36
+
+
168
+
46,420
—
227
—
14,949
+
37
•
52
deposits adjusted—
deposits, except Government
+
61
+
517
1,339
+
168
+
666
8,825
+
237
—
357
Foreign
1,341
—
109
S.
Government
deposits
Interbank
banks
Borrowings
Debits
...£
,
to
interbank
during
•See
———
demand
.
and,
31
—
U.
S.
Govt,
explanatory text above.
accounts,
10
—-
deposit accounts, except
week
5s,
due
—
——July 15
July 28
—July 16
52569
Inc.—
1958—
—
July 21
•
50
REDEMPTION
Union Terminals
preferred
185
9
21,954
1
§2464
Oct
Oct
1
1
-43
43
Aug
1
§2683
44
Co.—
stock--,
—————
Packing Corp.,
County
ENTIRE
ISSUE
■
46
§2687
'447
§2580
§2689
^ §2793
§2473
§2694
CALLED
Date
Page
Corp., 414 % conv. pfd. stock—July 31
Butte Electric Power Co., 1st mtge. 5s, due 1951
Any time
Kingsburg Cotton Oil Co., preferred stock
Aug
1
•
112142
Company and Issue—
Anderson-Prichard
Monmouth
1st
Oil
Consolidated
mortgage
Water
§2789
Co.—
July 15
§2689
Light, Heat & Power Co.—
bonds, due 1949—,,
Anytime
Ohio Power.Co., 6% debenture bonds, due 2024—Jun. 1, '49
Ottawa Electric Ry., 1st mtge. 2Vi,% serial bonds
Aug 12
$2004
§1591
§2690
New
.
:?•;
1
3debentures, due 1962—Aug
1
Lighting Co.—
1st mortgage 3'/#$1 bonds, due 1975
——Aug 1
Kline Brothers Co., 5% s. f. notes due 1954
July 13
McCord Corp., 10-year 4 Vfe % debentures, due 1956
Aug < 1
Merritt-Chapman & Scott Corp.—
6V2 % preferred stock, series A_———.
—Sep
1
Monongahela Ry., 1st mortgage 3Vis, series B, due 1966-Aug
1
Pacific Portland Cement Co., 6 V» % preferred stock—Oct '»!
Southern Pacific Co., San Francisco Terminal—
1st mortgage 3%%
bonds, series A, due 1975———July 16
Van Norman Co., 15-year 3 % debentures, due 1962-,-July 15
Kings
Page
Date
Co.—
mortgage
206
12,930
demand deposits:
Domestic banks
1
U.
1952
mortgage
Deerfield
—
4,674
2,377
Demand
week; these adjustments
which
8
237
Liabilities-
Time
net
—
—
767
'
are re-
due
mortgage
$5
11
—
4,236
Reserve
1st mortgage 4s,
5 V2 % bonds, series A——
5% bonds, series B
Consolidated Edison Co. of New York, Inc.—
2.409
Balances with domestic banks
Beginning-June 30, 1948, individual loan items
+
34,632
25,884
Federal
mortgage
1st
1,665
securities
with
indebtedness
of
certificates
6V2% bonds
—-——Oct
Chicago & Western Indiana RR.—
1st and ref. mortgage
bonds, ser. D, due 1962-Sep
+2
151
notes
in
1st
1st
3,726
securities—total
bonds
Reserve
Page
52785
stock
Poli-New England Theatres,
Cleveland
3,822
Treasury certificates of indebtedness
S.
preferred
Co., Inc., class B stock
Company and Issue—
Foundry & Machine
276
505
loans
Other
&
Bethlehem
carrying:
obligations
__.
loans
to
Inc.,
PARTIAL
34
Government
Treasury
3,493
88
474
estate
Treasury
+
1st
obligations
Other
S.
13
733
—
pur¬
1—-
Loans
U.
—
5%
A
Terminal Co.,
(R.)
17
securities
Other
Real
and
+
Frank-Guenther Law,
Class
Bush
Hoe
carrying:
loans for
U.
1947
Albert
Atlantic Coast Line Co. of Conn.—
agricultural
Government
Other
Cash
$124,000,000.
brokers
18
14,342
and
—
to
chasing
U.
or
carrying United States Government and other securities
increased
Loans
Decreases of
pressed $16,000,000 in the Chicago District and $13,000,,
loans
principal changes for the week
$237,000,000 in holdings of
United States Government securities and
$227,000,000 in
demand deposits adjusted; increases of $168,000,000 in
United States Government deposits and $237,000,000 in
demand deposits credited to domestic banks; and a de¬
crease of
$185,000,000 in borrowings.
30:
industrial,
234
—
23,974
Commercial,
Federal
following
ended June
.
statement of weekly reporting member
Reserve System in leading cities
Loans—gross*
—
23,770
Loans—net
The condition
July 2,
1948
(In millions of dollars)
,
.
Date
July 26
Company and Issue—
Inc. (+) or
debenture income bonds
5%
TENDER
OF
NOTICE
member banks follows:
,
list of corporate bonds, notes,
a
and common stocks called for redemption,
those called under sinking fund provisions.
The date indicates the redemption or last date for mak¬
preferred
including
York
Purchase
Gas
5s,
&
money
series
A,
due
1956
Electric
4%
.•Announcement in this Issue.
tVol. 165.
§Vol. 167.
lIVoi.
164.
i*«
il
iv'VuV,
f
46
(190)
THE
COMMERCIAL
FINANCIAL
&
CHRONICLE
Monday, July 12, 19485
Per
Foreign Exchange Rates
Name of
Lcitch
Pursuant to the
requirements of Section 522 of the Tariff Act of 1930, the Federal Reserve Bank certifies daily
Treasury the buying rate for cable transfers in the different countries of the world. We
record for the week just passed:
give below
a
EXCHANGE
FOREIGN
RATES
CERTIFIED
BY
JULY
TREASURY
TO
Noon Buying Rate for Cable Transfers in
Value in United States Money
Country and Monetary Unit
TARIFF
UNDER
ACT
OF
4 Vi %
1930
$6
Argentina, peso—
$
$
$
I
*«
3.212133
•
I
**
,
r
Belgian, franc__
Brazil, cruzeiro
Holiday
Closed
• «
**
3.212133
Free
Australia,pound
$
$
4'4<
Official
•
j
**
.022795
.022796
5%
.054406';
.930859
.929296
.020060
.020060
.020060
.208574
.208604
.208604
.928125
Paper
Co.,
-Colombia, peso
Lock
New
Denmark, krone
:
—
England, pound sterling
.208604
4.031484
4.031484
4.031484
4.031250
.020060
♦
Official
Closed
.004671*
.004671*
.003267*
.004671*
.004671*
.003272*
Holiday
July 4
.003272*
.301691
Netherlands, guilder
.301691
.301691
.301691
.205726
.205726
.205726
.376571
!
.376562
.376500
York
North
1.000000
1.000000
1.000000
.926250
.925000
.925625
3.225000
'
.928125
3.225166
3.225166
Norway, krone
.201580
.201580
.201580
.201580
Portugal, escudo
Spain, peseta
Sweden, krona
Switzerland, franc
.040320
.040328
.040334
.040331
.091324
.091324
.091324
.091324
.278221
.278250
.278250
.278250
Closed
3.225000
pound
—
_
Holiday
July 4
.233628
.233628
.233628
4.007500
4.007500
4.007500
Uruguay, peso—
Controlled
Holiday
.658300*
.658300*
.658300*
July 4
Closed
.658300*
Noncontrolled
.561800*
.561800*
.561800*
.561800*
Statement of Condition of the 12 Federal
thousands of dollars)
Increase ( + ) or
decrease (-—) since
Assets—
fund
Redemption
for
F.
615,643
Total gold ctf. reserves
22,307,815
cash
U.
8:Govt.
Bills'—
8,488,581
securities:
—
—
7,606
7
277,011
+*■
894
—
88,300
Okonite
+
1,588,500
II—IIIIIII IIIIIIIII
6,209,881
4,200
+
Due
F.
from
R.
and
loans
foreign
notes
+
+ 300,831
banks
168,800
.
6,737
—
2,436,344
Bank premises
Other assets
200,096
+
—
99,431
Uncollected items
76,021
—
49
banks
other
of
21,535,169
21,933,683
securities-
53
6,514
—
102,650
—205,751
+
—
3
+
4%,%
Wallpaper
A
assets
14,768
+
92,104
+
■
B
23,960,043
208,231
+
283,903
—
Deposits:
Member bank—reserve
U.
S.
acct.
Treasurer—gen.
17,584,327
1,841.139
acct.
Foreign
—
86,420
+
1,275,541
+
35,396
+
100,465
440,646
Other
+ 1,394,136
195,300
+
436,609
17,532
—-
National
Total
deposits
67,669
—
20,302,721
+126,744
+
2,702,473
2,126,986
availability items—
Other liab., incl. accrued divs.
—248,049
+
95,076
Light
+
3,854
13,493
+
872
+
87,798
Capital AccountsCapital paid in
198,777
+
237
Surplus
448,189
Surplus (Section 13b)
Other capital accounts
Ratio
of
serves,
note
+2,517,500
+
&
Gas
Co.
Public
&
+
8,366
+
88
+
4~069
+
38,379
47,158.957
+
92,104
+
2J570.889
dividend
Co.
(3/100
each
Contingent liability
on
purchased for foreign
respondents ——
0.3%
—
cor-
2,645
to
make
1
6.432
Commitments
2.4%
+
bills
-v
50
2,682
—
indus-
> trial loans
543
—
DIVIDENDS
we
are
show the dividends
previously announced, but
Further details and rec¬
which have not yet been paid.
ord of past dividend payments in many cases are given
under the company name in our "General Corporation
and Investment News Department" in the week when
declared.
„
!
,
interest
RR.,
week
.
*;< Name of Company
.
/./f;.,
Share
.
Agnew Surpass Shoe Stores,* Ltd.—
Corn
of
share
Co., 4'/*% pfd—
Viscose Corp., common-.—w—«—
preferred
(quar.)_.
Anderson, Clayton & Co. (quar.)
American
%
5%
—
-
■!*'
Extra
—
"Anheuser-Busch,
18%c
-
7-30
1
//L_
8- Z
50c
8-/2
$1.25 V
'8- 2
7-19
^7-27
7-20
.
,
——v
Iiic
9-
50c
$l
25c
*
7-19
r 7-27 > "7-20
'
9-10
8-10
25c
7-15
7-
15c
(quar,)..
7-30
7-20
8-
2
$3.50
8-
(s-a)
8
7-20'
Marine Insurance
(s-a)
7-20
7-30
6-2$
7-28
7-12
50c
(s-a)
2
$1
12c
7-12
7-
7-
8
6-30
$1
gtd.
8-
2
7-11
7-15
7- X
I
1
preferred
Bit
.
Gas
Oil
Ohio
&
Bank
Fabrics,
convertible
America
dividend
on
Class B
'8-10
2
8-
2
7-21
Thalhimer
8-
2
7-21
Thermoid
8-
Odin
Brothers,
preferred A
Specialties
Testing
3.65%
pfd.
2.1
7-15
7-
1'
7-15
7-
1
9114c
7-31
7-21'
62%c
(quar.)___
8-
2
7-15
7-21 i
7- X"
25c
8-12
7-21?
8-12
7-21*
$1
(quar.)
7-14
7-
$1
(s-a)
Co.
(irreg.)
Transit Co., 5%
preferred
Appliance Corp. (quar.).;
Veneer
Corp.,
8-
2
7-15',
7%c
8-
2
7-15
Co
class
Mfg.
$2
(quar.)
7-15
7-
25c
7-15
7-12;
12%c
A
Co.
payment clears all arrears)
$2 prior preferred (quar.)
Line, 5% 1st preferred
6-26
Yosemite
8-20
8-
8-20
8-
9-
1
8-13 '
7-26
$60
8-
1
50c
(s-a)
8-
1
$2.50
6'-
2.
7-26
8-16
8-
8-
2
7-15
7-31
7-25
2
,
1
1
1
62%c
(quar.)—
(George 1, Ltd., 4%% pfd. (quar.). t$1.12%
Sewing Machine, $4 conv. pfd. (this
White
7-24
7-16
7-31
7-16
(Alex
&
James),
Park
&
7%
pfd.
Co
Curry
(accum.)..
J$1.75
30c
Below we give the dividends announced in previous
weeks and not yet paid. The list does not include divi¬
dends announced this week, these being
given in th$
8-
2
7-14
8-14
7-20
9-30
8-14
8-
2
7-15
8-15
7-15
25c
9-
1
8-16
75c
9-
1
8-16
70c
$25c
8-
2
7-20
8-
2
7-19
Acme
30c
9-
1
8-16
Adams-Millis
Affiliated
(quar.)
preceding table.
Per
Name
A
A.
P.
of Company
Share
Products Co
W.
Abraham
&
Straus,
preferred
Electric
7-24
J25c
(quar.)
Corp.
Corp.
10-
t$1.25
(special)
7-15
9-19 '
li
7-
7-16 !
2
6
9-30
9-17
6c
7-20
50c
1-3-49
12-17
Air Reduction Co., Inc.
25c
7-26
7- 8
7-30
7-19
Air-Way
15c
8-
2
7-29
7-21
7-14
Akron Canton &
$2.50
10-
1
50%
$2
5%
8-
2
7-15
8-
2
7-15
8-
2
7-15
7-
9
5-28
Alberene
7-29
7-19
Alpha
Industries,
Stores
Corp.
Stone
Co.
the
8-31
9-15
9-
3
$2.50
9-15
9-
3
50c
9-10
9-
1
American
Book
American
Can
8-
2
9-
7-20
2
7-20
4%%
American
Home
7-31
7-14
American
Ice
7-31
7-17
7-31
7-17
7-31
7-31
$1
7-29
Common
7-19
10-15
9-30
7-15
7-
7-15
7-
7-31
shares
7-22
2
7-15
75c
7-15
50c
9-13
9-
30c
8-
of
Cash
for
American
6
1
7-19
8-1
$1.1214
3.90%
preferred
■
1
7-15
9- 1
20c
8-2$
8-
—,,
10c
preferred A (quar.)—
$1.12%-,
(quar.).——.
——$1.12%
!€l- 1
8» 1
•»
*.
$-2(1■
7-25
<
:
,
7-15
,"7?31
9t29
9?22
12-28
12-22
30c
9-15
8t
$1.50
8-31 '
s
6-30
(7-14*
<
7-23
♦
7- 9
7-15!-v, 6-39
7-15
.
be
at
for
paid
the
share
each
in
t
^
r.t'J
f
rate
■:::
of
held._.„
i
}
1
'ili
l
.
.
6-30
r
'l \
r.
75
lieu
it
:7- 8
'8-2
37%6 :
8-
97 %c
Foundry
(quar.)_
Maize-Products,
National
preferred
1!
2
7-15
'' '8-39 !
7-15
:V->7- 2 i
2
7-15
&
American
$6
-
7il5
10c
'
Edison
American
7-19
7-16!
7-15
27%c
shares
common
(quar.).
25c/
I
Finance— +
(s-a)
American
quar.)
51c
15c
1/75
(quar.)
Machine
7-22;
Works-
will
each
preferred
'
(initial)—.
7-27
■
(monthly).
pfd
non-cum.
Detroit
held.
28 5/6c
6%
7-10
8-
$1
8-16
50 c
dividend)
fractional
of
6
25c
(stock
share
One
6
25c
....
75c
/7-29 ;
•
—
(quar.)
preferred
(quar.)
•$1.10
2
$1.12%
Corp.
Machine
8-
American Light & Traction—
1
$1.12Vi
2114c
&
6-21 !
I
Common
7-21
8-14
Products
Co., 6%
American Iron
7-15;
7-15
$1
Fork & Hoe, common
preferred (quar.)
8-16
7-14
7-30
(quar.)
American
1
20c
_
Co.
American
9
»J
1
1
75C
American
7-
$50c
'
(increased quar.).
Co.
(N. Y.)—
Co.
7-31
$$1
20c
43%c
62Vic
87 Vic
—_
7-16
8-
$1
—_
(quar.)_
6-30
8-14 I
9-
Insurance
(quar.)
Distilling Co.
(quar.)_.
Fidelity Co. (Montpelier, Vt.)
Quarterly
7-12
7-20
9-10
J25C
Quarterly
7-26
25c
25c
7-12 <
7-10
25c
Alliance
$2.50
$1.20
15c
Corp.
6-21
7-27
25C
Canada, Ltd.—
(quar.)
7-
7-20
25C
'«,
7-21
75c
(quar.)
of Virginia
Petroleum
American
9-15 1
7-15
15C
Cement
of
preferred
Amerada
6
2%c
Corp.
Portland
4%
(quar.)
Inc
»
held)
seven
(s-a)
Allen
Aluminum
7-
Youngstown RR.,
All Penn Oil & Gas
Allied
20c
(quar.)
Appliance
Electric
preferred
$20c
$75c
$37Vic
a32%c
and
'
'
8-29
7-15
8-
50c
Fund
6-23
9-15
2%c
(quar.)
Holder4
7-19
$1.25
Inc.
Acadia-Atlantic Sugar Refineries, Ltd.—
Class A partic preferential
(quar.)
5%
When
Payable of Reo»
12 %c
75c
—
.
Kroehler Mfg.,-4%%
9-
5c
(quar.)
Extra
S.
8-16*
7-10'
9-22
25c
United
Wood
8-
preferred A (quar.)
$1.25
Preferred B
(quar.)__
4--—: $1.0614
Kingan & Company, 4% preferred (quar,)
$1,
Knickerbocker Fund
Insurance
Co., $2.50 conv. preferred
220 Badley Corp. (Detroit)
1
7-15
7-31
(quar.)___
.
(increased
J.)
Extra
2
8-
5c
Lighting & Power, $4 pfd. (quar.).
Investment, $7 pfd. (accum.)
Sash & Door Co.
5%
(N.
5c
Tennessee
7-15
'
4V4%
1
8-
$6c
Hutchins
Common
'
9-
50c
Houston
Jantzen
8-14 i
$1
87 %c
pfd.
com.
7-22-
30c
8-13
(quai\)—
(irreg.)
Engineering Corp.—
Corp., new
preferred (quar.)
Knitting Mills—
2
8-31
25c
7-15
25c
______
4 Vi %
1
(quar.)
Wilson
—
Co.—
8-
75c
Corp.
Weston
New common
(initial)
Harrisburg Gas Co., 4Vi% preferred (quar.)
Hawaiian Electric, 414% preferred (quar.)—
5% preferred B (quar.)
(Joseph)
7-22/
$1.50
(quar.)
Tennessee
2
■k-
Horne
2
7-21
Welsbach
Ltd.
&
6-24,,
8-
7-31
7-10
$1.25
Inc*> common
(initial)
General Shoe Corp., common
(quar.)
$3.50
preferred
(quar.)
Globe-Union,
Inc.
(quar.)
Coal,
6-29
50c
2
Louis—
Brewing Co.
Fuller Brush Co., class A (quar.)
Class AA
(quar.)
West
37 Vic
Co.—
Inc., $1 conv. pfd. (quar.)
Securities, com. (initial).
$4 2nd preferred (quar.)
Wentworth
Schmidt
Grumman Aircraft
37%c
(quar.)..
6-241
Stott Briquet Co.,
Suburban Electric
2
-
Ltd., 4%
t\
7-10,
preferred
St.
(initial)—
Canada,
2
6-29
7-1S1'
7-
(initial)
Ford Hotels Co. (s-a)
Foresight Foundation, class A (special)——
Franklin Stores Corp.
(quar.)
of
7-
7-15
8-
7-16
8-31
new
&
8-1® >
7-23
1
dividend)
(three shares for each
Class A new
7-20 :
9-15
8-16
10-
Corp
class
2
75c
Utility
Washington
at Baltimore—
the
7-20'!
8-2
8-
$25c
8-31
(quar.)
Dunlop Rubber Co., Ltd.—
American deposit receipts
(interim)
Fedders-Quigan Corp.
(quar.)_—
of
7-15 '
7-19>
(quar.)_—
1
preferred
Co.
Co.
Insurance
10-
1st
2nd
7-31
$2.50
(quar.)
Ltd.
United
Ltd., common (quar.)—
preferred (quar.)
redeemable
7-31
$1.50
Fire
8-31
(initial)
6%
(irreg.)—
com.
Chemical
Co.,
8-
$1.06
Bros., Inc. (stock
Discount Corp. (N. Y.)
7-15 '
8-15
50c
__
Co.,
Standard
Electric—
Trust Co.
Ltd.
Co.,
7-31
50c
Yords
Pulp
7-30
75c
Southam
7-20
7-22
!
50c
Co
preferred
7-15
8-31
7-l»>
56V4c
(irreg.)
Soundview
7-15
7-
7-30
• 15c
participating preferred
8-10
7-17
8-16
7-30
25c
(quar.)
Agricultural
Common
1
(quar.)
Davidson
Great
$1.50
1
—
Mfg., 6% preferred
Cuban-American Sugar (irreg.)
Irregular
Fuhrman
Leather
City Stock
7-15
7-16
8-31
50c
II
Corp.
Sioux
7-15
7-31
7-1
$30c
(s-a)
(quar.)
Seton
9-
30c
7- 6
7-14
9-15
<k1
7-20
7-16
|
7-15
30c
Ltd
preferred
6%
7-15'
30c
$1.12%
Co
Salt
Corp.,
10-
Overall
Finance
9
(quar.)
Mills
Quarterly Distribution Shares, Inc. (quar.).
Radford (J. M.) Grocery Co.—
4%%
preferred
(quar.)
Raymond Concrete Pile, common (quar.)..
7-
8-20
Chicago
International
Exchange
Crown
Holderi
Payable of Rec.
tl2c
-
American Thermos Bottle
•«"*
when
>
7-15
Extra
Purex
$183/4C
—_
&
Interchemical
are:
Per
1
1
8-
Y 15c
7%
Mfg. Co
Provincial Transport Co., Ltd.
Punta Alegre Sugar
Corp
2
$1
20c
Varnish, common
prior preferred (quar.)
Huttig
The dividends announced this
7-20
89-
Aggregates—
Pennslyvania
Pennsylvania
2
25c
(Texas)
Gamble-Skogmo,
5%
preferred
grouped in two separate tables. In the
first we bring together all the dividends announced the
current week. Then we follow with a second table in
which
2
25c
quar.).
'
5
7-16'
8-
held.)
Southern
&
Paint
Gair Co.
Dividends
7-
25c
25o
quar.)
Paterson & Hudson River RailroadReduced (s-a)
U.
(s-a)
preferred
4(4%
cl. B
50.4%
7-12
n-121
8-
$5
share
Cincinnati
Commonwealth
Stock
combined
2
7-15
7-19
7-15
1
(s-a)
Columbus
Cook
8-30
Ltd.—
(s-a)
preferred (quar.)
Coast Breweries,
Ltd. (quar.)
Colgate-Palmolive-Peet Co., com.
$3.50 preferred (quar.)
gold certificate re¬
to deposit and F. R.
liabilities
8-
25o
32Vic
$2
7-12
Service
Utilities
Common
6,556
27,543
81,205
Total liabilities & cap. accts.
7-15
$1.50
....
(increased
beneficial
Patchogue-Plymouth
7-19
preferred
(quar.)
Chicago
Molded Products
Dominion
(Section 7)
2
2
1
$4
Craig
46,403,243
liabilities
Total
7-15
8-
2
1
Corp
Power
for
6-15
25c
Illinois
Stock
1
9-15
t$1.25
Central
Citizens
7-
$$1.25
Central
$3
Deferred
6
2
8-
8-
(annual)
+2,570,889
Liabilities—
notes
7-
8-
8-
7-29
-5%
Federal Reserve
7-15
$1.20
(quar..)__.
10c
9
$1
common
Manufacturers,
Eectric
75,826
47,158,957
7-1j
1
7-15
$1.12%
9
7-
$$1.75
(quar.)__
(annual)
Cleveland
Total
7-15
8-
1
(quar.).,
t$1.12%
pfd.
preference (quar.)
Class
7-
2
25c
25c
$1
A
Canadian
543
—
32.491
124,844
7-
$1.10
(increased
convertible
$1
(quar.)
Products, Ltd.,
Central
Total
7-15
19c
$25c
Food
Class
+5,482,491
2
8-
40c
Central
Total U. S. Govt, securities-
Co.
(quar.)
In#, (Los Ang.) 4%
Canadian
■
Bonds
'
7-15
(quar.)_
Street
Coast
4V4%
65c
30c
(annual)—
(annual)
Fisheries
Bullock's
8-
30c
$1
$1
Buda Company
—1,642,859
10,000
—
'
7-15
2
Company (quar.)
Pacific
$5c
Water
Co.
Class
1,957,800
8-16
2
8-
Irregular
Smith
Corp., common (quar.)
4%
preferred (quar.)
British Columbia Pulp & Paper, Ltd.—
7% preferred (accum.)
—5,504.153
+ 262,900
4,878,907
-
2,205,947
—
*
+132,038;^
844
^Certificates
"Kfnt.PQ
—
397,670
Industrial loans
+
50,002
31,470
+
224,300
-
advances
and
Discounts
110,046
Saco
&
Payable of Rec.
$1.12%
$1.12%
7 Vic
common
preferred
Electric
Birtman
Booth
—
Share
Mines, Ltd
of Dallas,
non-cum.
Biddeford
2,315,993
R.
notes
Other
+
Hotel
3%
$
50,002
+
Baker
1947
$
21,692,172
Company
Aunor Gold
July 9,
1948
$
certificates
Gold
Name of
Appalachian Electric Power Co.—
4% %
preferred
(quar.)
$4.50 preferred
(quar.)
Artkraft Mfg. Corp., 6% conv. pfd. (quar.)_
Ashland Oil & Refining (quar.)
Atlantic City Electric, 4% pfd.
(quar.)
Atlas Powder Co., 4%
conv. pfd.
(quar.)__
Reserve Banks Combined
June 30,
1
8-
$1
Saratoga & Schenectady Railroad
Holder*
When
Per
1948
9-
75c
15c
common
Railway
Engineering Works
Richfield
July 7,
93%c
>
Oglethorpe Fund, Inc. (Savannah, Ga.)—
$3
♦♦Temporarily omitted.
(In
8-lff
Merchandise—
Carolina
Northern
.233628
4.007500
—
Africa, pound
1
$25c
pfd.
Free
9-
Pacific Oil & Gas Development
Corp.-—
Pacific Public Service, $1.30 1st
1.000000
♦Nominal rate.
of
Northampton
.376500
Newfoundland, dollar—
Official
8-16
93%c
Fund—
Certificates
.003274*
.205726
India, Dominion of, rupee
8-16
1
(quar.)
pfd.
Fibres
Northwestern Fire &
France (Metropolitan), franc—
Mexico, peso
Co.
England
New
Czechoslovakia, koruna
1
9-
preferred (quar.)
Straus-Duparquet (quar.)__
Automotive
.
9-
85c
25c
National
.927500
7-15
75c
1st
Nathan
1.000000 '
1.000000
7-31
Ltd
Monongahela Power, 4.8%
4.4%
preferred' (quar.)
.022796
,054406
1.000000
1.000000
Union of South
Grain,
National
Official
New Zealand,
Pacific
&
Montana Power, $6 preferred
Canada dollar—
7-30
$1.06%
(I.), & Sons
Munising
3.212296
3.212296
.054406
July 4
.022800
.054406
Miller
July 8
July 7
7-30
8-16
$1.50
(quar.)
Midland Bakeries Co., common
4%
preferred (quar.)
July 6
8-16
preferred
Midland
July 5
Holders
10c
•
1st
When
Payable Of Rec*
$2c
Ltd
Co.
(quar.)
County Gas & Electric—
preferred (quar.)
May Department Stores, common (quar.).
$3.40 preferred
(quar.)
$3.75 preferred: (series 1947)
(quar.)
$3.75
preferred
(quar.)
Maytag Company, $3 preferred (quar.)
New York
July 3
July 2
Mines,
Share
Steel
Luzerne
1948, INCLUSIVE
1948 TO JULY 8,
2,
BANK
RESERVE
FEDERAL
Gold
Lukens
to the Secretary of the
Company
News
American
$3
12-15
25c
7-15
12- i
Paper Goods
:;-7%
:
7%
Co.
preferred
preferred
(bi-monthly)__
(quar.)
r
)£
Class
Class
$4
A:
B
$1.73
^
(quar.)
$1.75
American Potash & Chemical—
»- \, r, \
/
■/
(quar.)———37%c
(quar.) J—
preferred A
(quar.)
——
9-15
12
9- 6
"I?.
.;
12-
9-15
37%c
9-15
$i
9-15
6
--"#1
9- t
9- 1
III
SlSw:':'//;
Per
I
'
Name of
& Refining,
American
Woolen
American
Zinc
$5
Anaconda
Wire
1
2
7-
Common
(quar.)
J
Common
$1.50
$1.50
$1.50
5c
7-20
11-
-
City
8
9-30
12-23
12-18
,12-23
12-18
1
7-30
Canadian
9-
1
■
5'/2%
<
preferred
7-12
9-30
9-
1
1
2
6-2S
Central
7-15
6-23
7-18
2
7-
6
Central
Foundry
8-
2
7-
6
Central
Hudson
Gas
8-
2
7-
5
Central
Kansas
Central
States
8-
2
7-15
1
8-16
6-15
56'Ac
6 % preferred
(quar.)
(quar.)—
8-
2
7-15
8c
$1.13
$1.50
$1.50
$1.50
8-
2
7-15
8-
2
7-15
6-30
9-30
1-15-49
12-31
Bankers
Brothers
-1 Class
5%
7-15
Chickasha
7-15
Chrysler
7-
Cincinnati Gas
4%
preferred
5%
preferred
$$1.75
$1
15c
7-15
6-30
8-
2
7-29
8-
2
7-16
7-15
6-30
9-
8-
$$1.50
$$1.75
$3
20c
35c
Sivalls & Bryson,
Inc.
7-30
7rl5
$$2
<
7-15
6-15
(quar.)
7-12
Personal
Property Trust (quar.)
Cordage, Ltd., common (quar.)__
preferred (quar.)
Brantford Roofing Co., Ltd, (s-a)
Bridgeport Hydraulic (quar.)
Bright (T. G.) & Co., Ltd. (interim)
7-15
6-30
Colonial
Ice
Colonial
Sand
Columbia
8-10
7-15
Bristol-Myers
3%%
Co.,
Columbia
pfd.
Electric
(quar.)
Co.—
Ry.
Columbia
Forest
Products,
8-
7-10
2
7-20
2
6-30
7-15
6-20
7-15
6-20
8-
7-15
3
2'/2c
$15c
Ltd
2
7-30
8-
Class
A
$40c
-
7-15
6-30
$$1.25
(quar.)
7-31
7-15
Broadway Dept. Stores (Los Angeles)—
Common
■
'
Class B
(quar.)
(qUar.)__
Light Co.
Brockton Gas
8-
1
8-
25c
25c
25c
7-20
7-20
6-30
7-27
(quar.)
1
7-15
7-
Brown-Forman Distillers (stock dividend)—
:':V
Two
shares
for
of
Brown
Shoe
4%
share
each
90c
25c
8-
2
7-15
8-
2
7-15
7-15
6-28
2c
7-15
6-28
3'/2c
7-15
6-28
15c
7-15
6-28
8-
7-15
Extra
Class B (increased quar.)
6% preferred (quar.)
•
7-15
10c
Co.,
7-31
$1.50
$3.60 preferred (quar.)__
Buckeye Steel Castings, common (quar.)—
6% preferred (quar.)
Budget Finance Plan, class A (quar.)
■'om
Byers
(A.
Byrndum
7
M.)
(quar.)__
preferred
7%
Co.,
$1.75
2
Corp.—
6-30
8-
7-20
7-15
7-
7
7-15
7-
7
5%
7-15
8-
2
7-
2
7-20
7-
1
9-
1
8-10
7-15
7-
7-15
6-30
6-30
6-24
1
8-
1
7-
8-
1
7-10
7-15
7
6-18
9-30
9-10
12-31
12-10
7-15
6-
9
Gas
8- 1
7-20
9-
1
8-14
1-
3
12-24
8-15
8-10
11-15
11-10
$1.75
30c
^
stock
the
dividend
of
Common
Hat
One
share
of
class
stock
B
j
]( '
1
8-16
6%
1
9-16
7-
2
7-10
12-
1
11-
1
6
7-15
7-
7-30
7-12
8-14
7-20
7-15
6-10
7-15
6-10
$5c
7-15
7-15
8-
7-, 2
60c
2
2nd
7-15
6-30
7-31
$$1.50
9-15
9-lti
10c
7-15
7-
5
—
10-
7
8-
1
7-
6
8-
1
7-
6
$1.50
9-
1
10c
—
9-
50c
47'/2c
10-
2
8-16
Consolidated
Estabrooks
8-
2-
7-15
8-
2
7-15
8- 2
7-15
6-21
Fashion
7-15
6-21
Federal Fire Insurance Co. of Canada
9-
8-21
Federal
15c
7-15
6-30
7-19
7-
25c
9-15
8-31
50c
8-20
8-
9-
1
8-20
9-15
10%
dividend
Consumers Gas Co.
(Reading, Pa.) (reduced)
Container Corp. of America, common (quar.)
4% preferred (quar.)—
Continental Can, common (interim)
$3.75
preferred (quar.)
$1
25C
3
9
5
Byron
$1.50
(s-a)
Co. (increased)
Linen Mills, Ltd., common
2nd participating preferred (quar.)__
California Electric Power, $3 pfd. (quar.)__
California Oregon Power, common—:__
$6 preferred (quar.)-.—
\ $4.70 preferred (quar.)—^
;.
7% preferred (quar.)—____—_—__—
7-30
5,^ preferred (quar.)
.•f
5%
*
-
(s-a)
preferred
-
,
7-30
Cuban
7-15
8-2
8-2
7-15
62'AO
7-31
7-31
• 8-14'
.
>
—
Davidson
$2.50
9-30
9-17
Da vies
--ii
.
-
■
-
$1.31'A
Corp.
Ltd.—
Petroleum;
vju
::
■*.
-
v7-3l
7-10'
•,
7-10
7-20 "
7-
9-15
9. 1
1
8-
2
7-lfl
$1.25
8-20
7-23
50c
7-15
6-30
12'/2c
6-30
6-10
21c
7-24
7-14
21c
8-25
8-14
21c
9-25
9-15
30c
$1.12'/a
8-
1
8-
1
7-15
7-15
15c
9-20
9-
7-15
6-20*
7-15
6-28*
41
7-15
$25c
7-15
6-30
20c
7-15
6-30
30c
7-15
7-
7-
6
l
25c
7-20
6-30
25c
7-20
6-30
20c
7-20
6-30
25c
7-31
7-17
$1
7-26
6-30
$1
1-25-49
12-31
$50c
7-31
6-30
9- 1
8-13
12- 1
11-ld
$25c
8-1
7-9
7-15
6-19
$2.50
6-30,
8- 2
7-l£V
$2.50
Inc.
7-15
50c
(quar.)
10- 1
9-15
6-30
6-30
7-21
$1.06'/4
7-31
35c
9-20
9-
$1
7-15
6-30
$1.50
8-2
7-16
Ferro
Services
Enamel
Corp
Fidelity-Phoenix Fire
Fibreboard
Products,
Insurance
(s-a)
7-21,
4
Inc.—
prior
Quarterly
First
Trust
Tire
Fund
8-16
7-16
Florida
$1.05
9-
1
8-13
Florida
9-
1
8-13
7-15
7-
9-30
7-15
7-
$1.12 Vz
7-15
7- 2
10c
11-15
& Light, 4'/2%
pfd. (quar.)_
Telephone Corp., common (quar.)__
Flotill Products, preferred (initial
quar.)
Foote Bros. Gear & Machine, com.
(quar.)_
9-17
15c
25C
87 '/2C
8-
2
8-14
11-
2
2
5
7-20
8-
25c
7-20
7-
7-15
6-30
7-15
6-26
25C
7-15
7-
8
933Ac
7-15
7-
8
8-
2
Fort
6
7-12
IOC
7-20
7-30
7-9
Brewing
Foundation
Fraser
Co.
of
7-15
Companies,
Freiman
4'/2%
6%
69c
7-15
6-30
$1.75
$1.12'/2
8- 2
7-20
9-
1
8-11
Canada,
Ltd.
Ltd.
Co.,
5%
(Robert)
preferred
7-31
7-23_
15c
8-
7-20~
8-2
8-
7-20
7-10
8-16
8-
$35o
7-22
6-30
7-26
6-30
7-15
2
2
7-20
7-20
2
$12'/2c
(quar.)
8- 2
12'/2c
7-31
7-15
55c
(quar.)
8- 2
$$1.12'/2
(quar.)
conv.
9-20
15c
$750
(quar.)
9-30
12'/2c
(quar.)
15c
15c
(A. J.), Ltd., common
preferred (quar.)
$2.20 preferred
Gabriel
7- 6
15c
(quar.)
(increased)
Froedtert Grain & Malting Co., com.
Gair
8- 2
preferred
Co.
Foster & Kleiser Co., common
7- 7
25C
$lc
Pitt
6-30
7-20
25c
Extra
Convertible
2
$1,121/2
$1.25
Power
6-30
7-15
$1
Fitchburg Gas & Electric Light (quar.)
Firth Sterling Steel & Carbide Corp.—
7% preferred (quar.)
7.15
10c
Shares
Rubber—
&
6-30
$1.75
(quar.)
75C
Mutual
$1
.
(quar.)
6-10
30c
(quar.)
preferred
(Marshall) & Co. see Marshal Field
Fireman's Fund Insurance (San Fran.) —
6-23
2C
—
7-24„
(Syra-
5
$50c
(quar.)_
(quar.)—;
(extra)
(quar.)
7-15
8-
IOC
Inc.—____——.——
Chemical
(quar.)—.
7-15
5%
T—
(s-a)
Brothers,
Diavidson
6-30
7-15
7-31
6
-
7-31
8-14
9
50c
7-
Dana
12'/2c
7-1
8-13
7-15
Cypress
7-31
6-15
7-15
7-15
6
6-30
8-14
7-
7-15
$1.50
7-
6-30
' 8-14
,
7- 9
7-24
7-15
7-26
(quar.)
Corporation, common
; 3% %
preferred A (quar.)
Davenport Water, 5% preferred
7-19
7-24
7-15
90c
Co
Co.
8-20 i
9-20
7-31
75c
6%
6-30
Abbey
7-15'
1
10-
Field
7-15
6-30
6-30-
2
9-10
Finance, common (quar.)_
6%
preferred (quar.)
Federated Department Stores, com. (quar.)
414%
convertible
preferred
(quar.)
6-30
7-15
7-15
7-15
8-1
7-20
2
8-
1
9-15
Packing Co., common (quar.)
4'/2%
preferred' (quar.)
*
Culver
Corp.
(s-a)
Cuneo Press, Inc., common
3'/2% preferred (quar.)
Cunningham Drug Stores
Curtiss Candy Co., $4.50 preferred (quar.)
7-15
8-
(T.
Park,
Firestone
Forster, common (quar.)
American
Sugar,
7%
pfd.
3
8-16
8-25
Cudahy
6
7-
8-
1
10-
Corp.
preferred
1
8-20
1
t$l
7-15
93 3A C
&
8- 2
.
—.
(s-a)__
convertible
8-14
$1.17'/2
$1.75
,
.—
$4
Crum
7-
California Packing Corp., common (quar,).
.
62'Ao
f.' ;,u.Extra■--v
250
Common
7- 6
7-30
40c
$1.50
—_
r
Crown
7-
7-15
50c
$1
(final)
Sexton
&
9-
(s-a)_
(quar.)__
common
(quar.)
Farmers & Traders Life Insurance Co.
(s-a)_j—
Y.)
Cork & Seal, Ltd. (quai\)
Zellerbach Corp., $4.20 pfd.
Crown
7- 6
50c
(quar.)
1st'preferred (quar.)
Camden Refrigerating & Terminals--.
7- 6
Electric
(N.
preferred A
H.) Co., Ltd.—
4.16% preferred (quar.)
Exeter & Hampton Electric Co.
Eureka Pipe Line Co
$1.75
Co.
Refining,
(quar.)
preferred
$20c
$38c
$20c
75c
(s-a)
80c
1
preferred
7-30
7-30
$1.50
$2.50
$3.50
Jackson
Caldwell
''
Products
Courtaulds Ltd.
the stock dividend
$3 non-cum. participating preferred
$5 participating class A (s-a)_
$7 non-cum. participating preferred
Insurance
<7-15
t
1
20c
__
Quarterly
6-
7- 1
$25c
7-15
7-17
9-3®
$1.25
5% preferred A (quar.)
Esmond Mills, Ltd., 5% preferred
2
$50c
7-
7-15
$1.25
8-
1
7-15
60c
9-20
25c
10-1
70c
Radio & Phonograph (quar.)
Empire Brass Mfg., Ltd., class A (quar.)
Empire Millwork Corp. (quar.)
Empire Southern Gas Co. (quar.)
Employees Credit Corp., class A (quar.)
Class
B
(quar.)
80c
preferred (quar.)
Employers Group Associates (quar.)
Emsco Derrick & Equipment—
4% convertible preferred (quar.)
4% convertible preferred (quar.)
Enamel & Heating
Products, Ltd
Erie & Pittsburgh RR.—
5%
■
i
(s-a)
preferred (s-a)
$1.25
(quar.)
Consolidated Paper Corp., Ltd
Consolidated Royalties. 6% pfd. (quar.)
7-15;
si.50
183Ac
Co.
Paper
7-15
8-16
$1.50
37 '/2C
Extra
6-13
8- 2
$$l
A (quar.)
(accum.)
6-30
9
7-15
$1.50
1
7-
7-3
7-2
$1
ZlVzC
Heating Co.,
Chemical Industries—
participating preferred class A (quar.)
Class
B
(quar.)
Consolidated Dearborn Corp. (quar.)
Consolidated Edison Co. of N. Y., Inc.
$5 preferred (quar.)
Consolidated
Mining
&
Smelting
Co.
of
$1
8-2
8-2
30c
7-15
$1
$25c
$25c
$1.25
(quar.)
$$1.50
Car
(quar.)
Inc. (quar.)
8-18
25c
$$3.50
preferred
9-15
„
$5 pfd. (accum.)
Trust, Ltd
Ecuadorian Corp., Ltd., ordinary
Edgewater Steel Co., common (monthly)
Common
(monthly)
Common
(monthly)
Ekco Products Co., common (quar.)
4'/2%
preferred (quar.)—
Elgin National Watch Co. (quar.)
Ely & Walker Dry Goods Co.—
6%
8-16
,
6-23.
87'/2c
Emerson
$1
75c
B
6-30
6-30
'
6-15
$1.12J/i
Investment
6-30
7-15
8-1G
25c
dividend)
1st preferred
—
(Toronto)
RR.
7%
$1.50
common
1
7-21
17c
(quar.)
Sugar Associates,
Economic
•
•
7-15
9-
,
Massachusetts Street Ry.—
Eastern
9
6-30
$25c
$37'/2c
$1.12'/a
pfd.
(quar.)
(s-a)
Electric Co.
preferred
9-
7-10
7-
30c
(quar.)
common
.
10-
35c
common
40c
Inc.,
Consolidated
$5.25
Durion
1st preferred
7-20
7- 9
1
7-30
15c
(E. I.) de Nemours & Co.—
preferred
(quar.)
$3.50
preferred
(quar.)
Duquesne Lighting, 5% 1st pfd. (quar.)
6%
7-20
11
8-
Pont
7-16
7-12
8-
15c
$4.50
1
50c
$25c
t$1.25
■
$25c
Supply
(quar.)
Corporation (cash
8-
25C
6-28
$1
81'/4C
•
Eastern
$10c
(quar.)
Light & Power, common
(quar.)_
preferred (quar.)
Connecticut River Power, 6% pfd. (quar.)
Cribben
preferred
9-10
$$1.25
Association
&
1
1
6-28 '
7-15
$3
Ltd
Co.,
Metals
10-
7-
7-15
$35c
25c
(quar.)
Bradstreet, Inc.,
4'/2 %
du
Co.
$1.12 Vz
$12'/2C
(quar.)
Cornell-Dubilier
'
Paper
&
6-30
$25c
Ltd.—
Pennsylvania
15c
(accum.)
Life
Paper,
Furniture
Dryden
7-15
$$1.12'/2
(quar.)
preferred (quar.)
Dover & Rockaway RR. (s-a)
Dow
Chemical Co.,
common
$4 preferred A (quar.)
$3.25 2nd preferred (quar.)
Dow Drug Co.
(quar.)
Drexel
6-23'
$44c
Ltd.—
Worsted,
East
10c
(quar.)__
(initial).
com.
&
7-20
25c
—
(quar.)
common
convertible
20c
preferred
7%
:
Corp.
Donnacona
7-30
' 6-30 V
$25c
(s-a)_
quarterly
Coast
7-15
8-14
1
$50c
(quar.)
(quar.)
Woollens
East
$1.75
(quar.)
$1.90
Corn
preferred
Increased
7
8-15
vi 6-30 ;
Co.,
7
$1.50
(quar.)
Hampshire)
(C. G.), Ltd.,
Continental
class A,
of America for each 20
shares held.
On the combined holdings
totaling less than 20 shares, 34c per
share in cash will be paid, in lieu of
-
j;
ir
common
participating class A and the com-
>f;.*!mon stock.
i
the
on
7%
Dominion
'
2
' \
(quar.)
Ltd.—
c
20C
—
(quar.)
Inc.
t
v
7-
55c
8-
$$1.75
Dominion Tar & Chemical,
Common
*
8- 2,
7-18''
$12'/2c
$40c
Ltd
,7-
2-10
9-
$50c
Ltd.
2
8-
7-30
$$1.25
Ltd., class B
8- 2
2-15-49
8-16
'
Ltd.—
(quar.)
Company
(quar.)
Dwight Manufacturing Co
Eastern Bakeries, Ltd., 4%
30c
>
8-16
$17'/2c
(accum.)
Dominion Textile
Ducommon
9-15
6-30
7-15
15c
Investments, Ltd.—
Stores,
Dun
"
A
Dominion
8-16
$25c
(New
Confederation
Stock
preferred
7-15
1
>
15c
(quar.)
Linoleum
&
Dominion Square Corp.,
Dominion Steel & Coal,
9-14
$1.75
(s-a)
Co.,
Oilcloth
8-16
10-
7-15
10c
Corp.
(reduced)Investment Corp.,
(quar.)
Dominion-Scottish
$3.50
_
Canada, Ltd. (s-a)
preferred stock
junior
held
7-15
$1.75
Gas System,
preferred
Consolidated
5% preferred (quar.)
Dominion
♦2
7%
Stone
&
preferred
7%
Connohio,
British Rubber Co. of Canada, Ltd.—
7-10
•1.25
Connecticut
British Columbia Power Corp., Ltd.—
/■
6%
Concord
Conn
1
1
2
2
9-17
7-20
2
8-
8-25
8-
1
9-11
7-30
7-21
7-
2
10- 1
$75c
8-
8-
7-25.
7-14
$30c
9-
'
6
8-15
8- 2
40c
(accum.)
quar.)
Ltd. (quar.)
Cos., Ltd., 6% pfd. (accum.)
Dominion Dairies, Ltd., com.
(initial)
5%
non-cum.
preferred (quar.)
Dominion Glass Co., Ltd., com. (quar.)
7%
preferred (quar.)
Dominion Malting Co., Ltd.
Common
(quar.)
5%
preferred (quar.)
1
10-
7-
7-15
9c
$2.62'/6
pfd.—
Bridge,
7-15
2
B
B
8-10,.
Coal
Duplan
(irreg.)
Co.
Electric
Concord
preferred
35c
1
Alcohols, Ltd., common
preferred (quar.)
Edison
(quar.)
8%
6-30
7-
9
8-
11-
9- 1
Dominion
9-15
$1
Commercial
6-30
6-30
9
25c
Commonwealth
7-15
7-15
8-
87'/2c
(quar.)
Co.
(The)
7-15
7-15
1
9-
8-16
11-15
5c
Stores
& Anglo
$1
Enterprises, Ltd.,
preferred
(quar.)—
5%
$2
(s-a)
prior pref.
7-15
7-
9-
7-10*,
Dominion
4'/2%
common
Combined
7-30
6-30
$1
(quar.)
(s-a)
(quar.)
Plow
6-30
7-30
7-15
lie
—
7-12
7-16
9
85c
:
7-15
20c
$12'/2c
$32'/2c
$40c
40c
$25c
933Ac
Co.
Electric,
preferred
Coco-Cola Bottling
(N. Y.)
Coca Cola Bottling Co. of St. Louis
8-
7-16
7-
5%
7-20
2c
Mines, Ltd.
20c
Cockshutt
20c
60c
$1.30
Oil
Water Works,
6-30
7-26
7-31
$1.25
Extra
3
9
$1.25
Monthly
Monthly
Clinton
6-30
2
7-
40c
—
7% 1st preferred (quar.)
;
City Stores Co., common (quar.)
Class
A
(quar.):
x__—•
Cleveland Electric Illuminating, common
$4.50 preferred (quar.)
Clinton
Industries
(monthly)
7-
62'/2c
B
British
2
9-22
75c
preferred
1st
7-15
70c
$1
Bros.,
Brantford
5%
8-
100%
•Borg (George W.) Corp. (quar.)
Boston Edison Co. (quar.)
British
7-15
7-15
7%
7-15
50c
Inc
Boh.Ami Co., class A (quar.)
Class
8-31
1
8-14
1
15c
City of Paris Dry Goods Co., common (s-a)
7%
1st preferred
(quar.)
7-23
25c
dividend
1
7-31
8-
50c
(quar.)
Company
8-31
1
10-
5c
W.)
Bloomingdale
Boston
10-
50c
$l0c
$25c
Extra
(E.
3
1
7-31
Cincinnati Inter-Terminal RR. Co.—
8-31
1
Dominion
.
7-10*
75c
s
Dome
9-
preferred
Manufacturing
7-20
ti-
12-23
25c
Extra
6-30
10- 1
7-20
50c
1
Trust
(increased
Home
Dodge
2
10-
3C
preferred (quar.)
8-31
Ltd.—
1
1
12-23
20c
50c
(quar.)
Shares
7-15
40c
____
(quar.)
&
9-15
$37'/2c
Stock
Cotton
Corp.
9-15
Belding-Corticelli, Ltd., common (quar.)
7% preferred (quar.)
Beneficial Corp.,
$6 preferred
(s-a)
©enrus Watch Co.
(quar.)
Benson & Hedges, $2 conv. preferred (quar.)
Best Foods, Inc.
(quar.)
Biltmore Hats, Ltd., common (quar.)
Class A (quar.)
(quar.)
(initial)
7-20
5c
Paper Co.,
9-
56'Ac
(quar.)
preferred (quar.)
7-26
(quar.)
Baystate Corporation (quar.)___
Bell Telephone Co. of Canada (quar.)
pfd.
Y.)
preferred (quar.)
5%
125c
A
4'/2%
Chicago Corporation (increased quar.)
Chicago Rock Island & Pacific RR.—
7-26
(quar.)
Bathurst Power &
8-
9
7-10
$1.121/2
quar.)_
Central New York Power, 3.40% pfd. (quar.)
Central Ohio Light & Power (quar.)
Chemical Fund, Inc.Cheney Brothers
Chesapeake & Ohio Ry. Co.—
\
3'/2% convertible preferred (quar.)
9-14
6-30*
Dixie
2
Corp.
15c
(quar.)
(quar.)
(N.
12-14
7-15
7-
7-20
9-10
$1.19
(quar.)__
(reduced
Inc.
$ 12 '/•> c
Extra
preferred (s-a)
Barcalo Mfg., $4 preferred (quar.)
Bareco Oil Co. (increased quar.)
'
National Bank
1
$3.50
>17%
•
prior preference
Chain Store Investment,
4%
(Walt)
convertible
Dividend
8-
(quar.)
(Boston),
Productions—
13c
common—
(quar.)-
com.
10-
$1.75
Co.,
common
50c
pfd.
common
10-
Securities
Bartgis
Electric,
43A%
1
1
6%
6-17
27'/2C
4'/2%
15c
(quar.)
Disney
7-15
17'/2C
Edison
40c
Co
common
&
Products,
Common
Corp.—
6%
participating preferred (accum.)
Barber-Ellis Co. of Canada, Ltd. (quar.),__
Black,
Certain-teed
5c
Rubber
Investment
Divco
40C
(interim)
Co.
1-2-49
83Ac
83Ac
Extra
Bliss
8-10
Inc.,
7-10
25c
Co._.
9-
$1.05
Corp.—
convertible preferred (quar.)
convertible preferred (quar.)
Bangor Hydro-Electric,
,f
7-15
10-15
6-28
50c
(quar.)
Cold Storage
Chasers,
preferred (s-a)
Baltimore Poreclain Steel
Baldwin
preferred
$1.10
Chase
>
1
Diebold,
1
8-
$1.12'/2 '
Interim
7-15
7-15
7-
7-*2
7- 2 '
r
preferred
preferred
25c
Power,
9-
2
-
7-26
7-15
$4
participating preferred (s-a)
Dictograph Products Co
15c
1
8-
7-20
8-
1
6-21
6-25
20c
IOC
8-
1
5
9-
7-21
7-15
12'/2c
Extra
Diocesan
50C
Light & Power—
(increased
quar.)
$1
933Ac
$25c
8-
7-
7-15
9-15
$1.75
Stove
non-cum.
Arizona
Common
(quar.)
(s-a)—
(quar.)
non-cum.
2
-
7-26
8-14
1
20c
Y.)—
6%
8-15
8- 2
9-
«
50c
(quar.)
preferred
Detroit-Michigan
6%
4
8-16
60c
(liquidating)
Mfg. Co.
(N.
5%
$1
—
7%
7-26
7-26
30c
Tunnel
8-25
2
50c
—
&
7- 5
8-16
$2
(quar.)
Co
Dentists Supply
7%
preferred
7-31
20c
(quar.)—
(Kansas)
7-15
,
$1.25
5c
Oil Co.
11-25
88-
$6c
50c
Celotex
stock
Stockyards
9-15
$15c
(quar.)—
8-
7%
7%
& Ohio Ry.
Union
Holder*
Payable of Reo.
20c
(quar.)
common
debenture
$8
12-15
$15c
Light, common—.
7-30
6% preferred (quar.)
Baldwin Locomotive Works—
7%
&
Power
Voting
Denver
6-15
Carpenter Paper Co., common
4% preferred (quar.)
;
Carrier Corp., 4%
preferred (quar.)
Carson, Pirie, Scott & Co., 4'/2% pfd. (quar.)
Cassels 5c to 10c Stores (quar.)
$$1.37V^s
Company,
7-15
Carolina
1
Steel Products
preferred
$$1.75
Carolina, Clinchfield
9-
Avondale Mills, common (monthly)
4'/2%
preferred (quar.)
6%
6-30
6-15
7-15
Manufacturing Corp.—
$2.25 preferred
(quar.)
Baldwin
6-30
7-31
6-16
Avco
■
7-15
$17'/2C
7-30
7-23
30c
25c
10c
River
—
7-15
Central
(quar.)
Gasket
$10c
2
Nichols & Co.—
$1.20 conv. prior preferred (quar.)
Automatic Canteen Co. of America (quar.)_
Detroit
Detroit
6-29
Co.
8-
1
Edison
6-30
7-15
Austin,
/ Automatic
Lumber
Western
25c
(quar.)
Refining Co.
preferred (quar.)
3.75%
preferred B
(quar.)
Atlas Steels, Ltd.
(quar.)
Ault & Wiborg Proprietary, Ltd.—
Creamery Realty
Detroit
7-15
(increased)—.
Corp., common (increased quar.)
5% preferred (quar.)
Central Aguirre Sugar Co. (quar.)
4%
Detroit
7-29
$10c
(quar.)
$20c
CanadianOilCos.,Ltd.(quar.)
Canadian Pacific Ry.— '
2%
4% non-cum. preferred (s-a)
Canadian Refractories, 4'/2% pfd. (quar.)__ $$1.12'/2
Canadian Vickers, Ltd., $7 pfd. (accum.)..
$$1.75
9-
Atlantic
■!■,
7-29
8-23
Canadian Investors Corp., Ltd.
7-
Fund
9-
Atlantic Company
j!
6-16
Investment
7-15
preferred (s-a)
Co. (quar.)
8-23
7-31
•
2
Electric
8-31
$20c
Canadian
9-24
$1.50
$2.50
30c
6-23
1
$$1.50
—
9-30
com
2
Investments, Ltd.—
—
Industries,
$22'/2c'
(quar.)
Topeka & Santa Fe Ry. Co.,
non-cum,
General
$25c_
preferred
6-18
8-
47
25c
(quar,)—.
common
7-26
$183/4C
(quar.)_
Ltd.—
6-30
9
A
10-
—
Ltd., class A
6-25
7-
Class
Derby
8-
•
5%
Converters,
Increased
Light (quar.)
Dennison Manufacturing Co.—
>
When
Share
&
$2 5c
6i% preferred (quar.)
Canadian
Power
$20c
:
7-15
$5c
8-27
Foundry, Ltd.—
(quar.)
7-23
——
9-15
$15c
(quar.)
(quar.)
(quar.)
Canadian
Per
Name of Company ;
,
Delaware
$50c
Corp., Ltd.
Railway (s-a)
9
2
8-
—
____
7-10
$1.50
Power
Ltd., com. (quar.)
7%
preferred
(quar.)
Canadian Ingersoll-Rand Co.
(quar.)
Quarterly
8r
Holder1
7-24
$37'/2c
—
7-23
-
-
(s-a)
Associated Telephone Co., Ltd.—
5% preferred (quar.)
;
Atlantic
&
Car
A
Canadian
1-21
7-15
JlOc
25c
$$1
5c
Extra
■
10-22
7-26
—
Atchison,
1
(quar.)
Class
7-23
1-31-49
$1
$1
$3
Argus Corp., Ltd., common (quar.)
$15c
4'/2% convertible preferred (quar.)
$$l,12'/2
Armco Steel Corp., 4'/2% preferred (quar.)_
$1.12'/2
Armour & Co.
(111.), common (quar.)
30c
% Aro Equipment Corp.—
15c
Asbestos Corp., Ltd.
(quar.)
$25c
preferred
;4V2%
7- 9
2
A
Common
8
8-
$56'Ac
——
——_—
(quar.)
,
1*
Class
(191)
Payable of Rec.
Foundries & Forgings, Ltd.—
Canada
7-15
8-
Mills—
Cotton
i
6%
Canadian
7-
9-
When
$1.80
(quar.)
Canadian Fairbanks-Morse Co.,
Angostura-Wuppermann Corp.
'
Southern
Canadian Breweries, Ltd.
7-15
50c
(quar.)
'i'6% prior preferred (quar.)
;6% prior preferred (quar.)
Anchor Steel & Conveyor (initial)
Anglo-Canadian Telephone—
4'/2 % preferred
(quar.)_
Anglo-Huronian, Ltd. (s-a)
Anglo-Iranian Oil Co.. Ltd. (final)-:
Anglo-Newfoundland Development, Ltd
Arcade
Northern
Canada
7-20
$1.25
(quar.)
Cable
&
Cement
6-30
10c
$1.75
Co., 7% preferred (quar.)
& Smelting, common..
Anchor Post Products
6% prior preferred
■
Portland
2
8-
25c
CHRONICLE
Share
of Company
8- 6
7- 9
6-15
7-15
$1.25
(quar.)
Lead
prior preferred
Name
California
8-31
7-31
7-15
Canada
7% 1st preferred (quar.)
American Telephone & Telegraph (quar.)—
American Telephone Co. (Kansas) —
5% preferred (quar.)
American Thermos Bottle
Holder•
When
50c
$1.75
$2.25
common
FINANCIAL
&
Per
Payable of Rec.
Share
Company
American Smelting
COMMERCIAL
THE
Number 4715
Volume 168
7-31
7-15
8-
7-15
12 '/2c
1
7-15
Company—
preferred (quar.)
6% preferred (quar.)
30c
9-30
9-10
30c
12-20
12- 3
(tar-.
■>''v;y-,',;:■-■■ ■■-vw.;-■
1
;Y
«•
.;
-
%&&&&'
•<■.;•
,
48
'-
-v.
••/;'.■•■.,:;.
■'*'''".
V--"/-'*.' ■■'"}■(■???",■-'■■■''';;
'/1A1"V
in
■■■ :v.
'
V'
■■''.)Yf.
;..■
Per
Holder*
wfcen
Per
Name of .Company
Share
,
'
:
common
preferred (quar.)
Gardner Electric, Light,
4%
$1
—
Cable
15c
preferred
$3.50
Metals
General
General
Mills,
General
(increased)
(increased)
Inc.
$6
$4
(s-a)
25c
$1.50
10c
8- 2
8- 2
9-11
8-14
7-20
$$2.50
7-15
6-28
$1.37%
$1.50
$1
8- 2
8- 2
8- 2
8-16
8-16
8- 2
7-20
6-30
6-30
6-30
20c
$20c
(quar.)_
Wares, Ltd., common
General Steel
5%
(quar.)
Utilities Y (quar.)
Public
General
-
«
preferred
$$1.25
15c
10c
(quar.)
George Putnam Fund of
Boston
Gerity-Michigan Corp.
(reduced).—
Giddings & Lewis Machine Tool (quar.)
Gillette Safety Razor
(quar.)
Gimbel
Brothers,
25c
62'Ac
50c
(quar.)
common
$1.12%
preferred
(quar.)
Golden State Co., Ltd., common (quar.)
Gotham Hosiery Co., Inc. (quar.)
$4.50
.
4%
preferred
__________
Goodyear Tire & Rubber Co. of Canada,
4%
40c
40c
50c
37%c
$1"
& Co. (increased)
Inc.,v common
(quar.)
Gladding McBean
•$ Goodall-Sanford,
Grayson-Robinson
$2.25
preferred
Stores, common
(quar.)
Co.
(N.
56ViC
»
10-1
7-15
$$3
7-15
(aceum.)
6-30
Gypsum Lime & Alabastine of Canada, Ltd.—
Quarterly
_______
Bros. Co., $2.40 conv. pfd. (quar.)—
^Halliburton Oil Well Cementing Co.—
37 %C
Hanna
(M.
Harris
(A.)
preferred (quar.)
preferred
(quar.)
Gas, 4%% preferred
Harrisburg Hotel Co. (fa.)
Harrisburg Railway (s-a)
Hart, Schaffner & Marx
$1.37%
$1,37%
$1.12%
5%%
(quar.)—
Tobacco
pfd.
4%%
Co.,
Hayes- Industries,
Inc._
Hayes Manufacturing Corp
(quar.)
3% %
preferred
(quar.)__
Hemisphere International Co.—
Ki.}: Quarterly
Hercules Powder Co., 5%
pfd. (quar.)
Hecht, Company,
common
(Edward)
Lumber
:Holly"Sugar;Corp.
Insurance
Finance
Corp.,
,
.
5%
preferred (quar.)
5%
preferred (quar.)
Hydro-EleCtric Securities Corp.—
Loft
8-23
8- 2
7-1
Longines Wittnauer Watch,
6-30
8- 2
6-23
7-20
7-13
8-12
6-30*
6-30*
7-15
8-13
8-2
8-16
9-20
12-20
...
6- 9
8- 2
8-2
8r 2
8-1
7-30
6-30
7-13 r
7-1
7-12 '
6-29
50c
8- 2
7-15
37%c
20c
7-15
9-1
10-1
10-1
7-19
7- 2
8-10
1
1
7-15
7-15
18c
Investors'
Telephone—
Indianapolis Power & Light Co.—
.
.
Common'
(quar.)
Indianapolis Water, class A
■
'5 %• preferred A
(quar.)
Industrial
Bancshares
$1.25
$1.06'A
20c
Industrial
Brownhoist
15c
8-
10c
8-
4%%
(quar.)
preferred
series B (quar.)
Corp. (quar.)
Extra
Institutional
Iron
60c
preferred
$3.50
International
■
New
Educational
Publishing
_
6-15
9-10
8-20
3ffc
12-31
10-36
35c
$60c
$$1
7-15
8-16
7-15
6-15
7-15
6-30
t$1.75
t83Ac
quar.)
International
Holdings;
International
Milling Co.,
;
Ltd._______
Co.
pfd.
4%
<quar.)_
8- 2
8-2
7-6
7-15
7- 7*"
' \-
of Canada—
7%. pfd. ($100 par) (quar.)
7% preferred ($5 par) (quar.)_
7-6
International
5%
Railways of Central America—
preferred' (accum.)
International
6%
Interstate
Intertype
Co,—-
preferred
Department
Corp.
Investment
6%
Resistance
convertible
Stores
convertible
(quar.)__
___
Ltd.—
preference
Investors Management
.
■
.
(quar.)
_L
Foundation,
$1.25
(quar.)
Fujnd—______
_
8-2
7-15
9-15
7%c
50c
40c
7-156-25
9- 1
"'Sy-y't
7-15
$75c
13c
...
7-15
6-15
6-30
National
8-10
8-10
7-15
National
City
7-21
National
Co.
7-15
3
6-30
&
Coal
7-15
National
—
(Ky),
Electric
common___
Co.,
—
Trust
Consolidated Mines,
&
Factor
McAndrews
&
&
Investors
Hegeler
Co;,
Ltd
Zinc
class
Forbes,
preferred (quar.)
Grain, Ltd., class
7-15
National
Corporation
Oil
A
,
7-24
7-15
7-15
7-15
8- 2
,
8-10
7-15
6-30
7-15
6-30
15C
50c
(quar.).
15c
(quar.)
Mercury Mills, Ltd. (quar.)
Merritt-Chapman & Scott (s-a)
Michigan Bumper Corp
Michigan Gas & Electric—
4.4% preferred (quar.)_-^-_
Mid-rContinent Laundries, Inc.
Midwest Piping & Supply
Midwest'Rubber Reclaiming (quar.)
—_
—
$50'Ac
>
•
7-7
-•
50c
8-
2
7-
9-
1
8-13
$15c
9-
1
8-13
8-
8-
4
8-
4
,
_
preferred
preferred
$2.50
12-15
12-
(quar.)
20c
7-15
2c
.
•
:
5
6-30
_
1__.
$15c
;
1
'9-
3
1-2-49
12-
3
9-
3
10-
10-
.
7-21
6-30
8-
2
7-12
7-30
17c
1
pfd. B
1
7-15
.
-
.
distributions.
such
6c
.
6-24
9-20
3-20
7-30
8-15
7-30
8-15
7-30
*
8-15
7-30
.
7-16
7-
$37 %c
7-15
250
7-31
7-15
53 %c
8-15
8-
5
5
8-15
8-
7-19
15c
(quar.)
preferred
—
s.
6-30
6-30
*
7-15
6-30
$1.06%
8-15
7-30
$1.1834*
93%C
8-
•
■
2
7-15
'
8-2
7-16
"
,
7-15
6-30
$13c
7-15
6-30
20c
7-15
7-
50C
$1
$1.25
1
"
8-2
7-15
$1.75
8-
1
6-23
$3
10-
1
6-tt -
97 %c
8-
2
7-15
8-
2
7-16
8-
2
_
" x
/
"
$1.25
7-9
7-16
"
I
$1.25
: 8- 2
25c
7-16
7-
(quar.)—
75c
9-10
8-11
25c
8-10
7-14 *
(quar.)
i
North American Car Corp.,' common (quar.)
6-15
$1.50
8-
7-19 *
Norfolk
Western
&
Ry.,
common
7-16
*
pfd.,(quar.)—
4%- adjustment
8-16
,
>
7-12
England Gas & Elec. Association (quar.)
Jersey Worsted Mills—"—
Co., 7% preferred (quar.)
New YOrk 'Chicago & St. Louis RR.—
6% preferred A. (accum.)
New York Power & Light, 3.90% pfd. (quar.)
Niagara Hudson Power Corp.—
5% 1st preferred (quar.)__
5% 2nd preferred series A (quar.)
5 %• 2ndr preferred series B
(quar.)
No-Sag Spring Co." (quar.) 2
6-30
,
10c
New
6-15
6
47 %c
Co
4%%.
*
-
7c
New Process
6
.
t
Norma-Hoffman Bearings Corp.—■
2
7-
8-15
"
-
5c
Shares.
Tool
7-30
7-30
7C
Equipment -Shares
7-16
7-30
8-15
8-15
7c
—
Stamping
7-16
.7-
8-15
6C
Series
Group
New
6-15
6-30
12c
Ne'isn'er Bros., Inc., 4%'% preferred (quar.)
(J. J.) Co., 3%% pfd. (quar.)___
New Bedford Gas & Edison Light (quar.)__
New Brunswick Telephone, Ltd. (quar.)
12-20
6-30
7-15
6-30
12C
6-24
6-30
7-15
10c
Series—"
Stock
Co
National Steel Car, Ltd.
(quar.)
National Tank Co.
(quar.)_
National Tea Co., 4% %
preferred (quar.)_
3.8%
preferred 4quar.)_
National Tile & Manufacturing
(resumed).
6-30
6-30
30.
Trade
Retail
6-30
6-30
7-15
10c
Series
National
6-25
7-15
7c
Trust Fund
6-30
7-15
7c
—
6-30
6c
Series
7-15
7c
Stock
6-30
7-15
IOC
—
".
—
7-15
10c
——
Series
following
Railroad
9-21
6
6%
7- 2
$2
6-30
50c
50C
convertible preferred "(quar.)
,
7-15
North
11-15
•
9-22
1
j
12-16
12-23
20c
"10- 1
9-20
12-23
,12-t"
6-25
15C'
7-15
$2
(s-a)
7-15
15c
6-30
Northern Illinois Corp.,
6-30*
7-31
37 %C
convertible preferred (quar.)
Northern Indiana Public Service—
7-31
$1.25
; 7-14
common
$1.50
2
10-
?Op
Railway
Central
8-27
9-10
:
87 %C
American Refractories Co
Northern
1
Corp.-r-
American Finance
7%' preferred
—i
80c prior preferred
80c prior preferred
6-18
6-18
preferred
North
;
v
6-30
.
7-16
7-16
4
.
6-30
•5%
6-30*
6-30*
■
7-15
I'/o-
(quar.)—'—
preferred
States
Northern
.
Power
States
$1.75."
1
^
7-20
.6-30
5
7-20
6-30
q
7-15
6-30*
"■
$1.50
(Minn.) —
90c
preferred
(quar.) __
Greyhound Lines—
$3.60
J 7-
(Del.)—
Power
preferred (accum.)
preferred (accum.
6%'
Northern
7-15
.
Northland
7-
preferred: (quar.) ——
Northwest Airlines, Inc.— "
-4.6% convertible preferred (quar.)
3%-%
^
1
8- 3
7-1,
93%C
_—
10-
1
9-20
28%C
—
8-
1
(quar.)
Northwest Engineering
7-21
(
50c
9-1
7-31
•
7-15
8-
2
6-18.
$1.16
8- 2
7-15
15c
8-14
7-15
8- 1
8- 5
7- 2
Nunn-Bush
•5 %'
Co.,
Ogilvie Flour Mills,
7%
preferred
Oliver
7-12
Shoe
Corp.,
(quar.)
common
preferred (quar.)r
^
Ltd., common (quar.)
preferred
4%
& Electric,
preferred (quar.)
preferred (initial)
53A%
7-30
7-15
7-30
7-15
$25o
——
10-
1
1
>
8-27
9-
7-28
$1.12%
7-31
7-15 >
55c
(quar.)
common—___—. '
_____
7-15
$$1.75
—
(quar;)
4% %
Gas
7-15 Y.
2
$1.25
/
7-30
6-30
20c*
7-15
6-30
7-20
6-30
"
"
Oklahoma
2
8-
20C>
——_—
8-
25C
.
7-12
8-16
7-15
25c
9*
12-5
Bond
Mutual
Selected
7-15
7-31
•
6-30
7-15
Shares
Preferred
6-10
6-30
7-15
8- 1
9-15
8-15
7-' 9
7-15
sell
ex-distribution on
The amounts are prelim¬
inary estimates of such distributions.
Balanced
Series
^.2
2-24
7-20 8- 1
9- 1-
$2.50
$1
25c
15c
$1 75
t25c
80c
15c
8-2
2
'
7-15
8-
'
♦
,
25c
Shares
The
8-24
7-
8-1
80c
,
,
12-15
Series
July
8- 2
$$1-
pfd. (s-a)
Mclntyre Porcupine Mines (au«r.
McKesson & Robbins, $4 preferred (quar.)^.
McLellan Stores Co. (quar.)
—
Dredging Co
7% preferred
7-26
7-22
75c
(quar.) _____
Co., Ltd.—
Stores.
$17y2o
8*
9-10
8-31
following
sell
ex-distribution on
30.
The
amounts
shown are
First
■
tlOc
4% preferred (quar.)___
& Co. (Bait.), 5%
Mercantile
7-15
7-15
7-31
12- 1
6-
7-15
10-15
June
11-24
7-15
7-23
$1.50
6%
-estimates of
2-24
.
8-2
•
7-31
11-24
7-15
*
8-16
7-24
7-15
$25o
50c
,
'7* 9
$1.25
10-23
8- 2
•
7-23
-
;
National Paper & Type Co., 5% pfd. (s-a)
National Securities & Research Corp.—
6-30
6-30
7-20
7-20
7-15
7-15
40C
7-15
$1.50
8-23
11-23
2
8-
$1.50
Neiman-Marcus,
37%c
25c
37 %c
31 Vic
$1.25
9*12
12-12
40c
Corp
Investors
National Lead Co.,
National
$1.50
tl5c
(quar.)
McCormick
McWilliams
12c
(quar.)
National Mallinson Fabrics Corp. (quar.)
2
7-20
10-1
1-2-49
4-1-49
8- 2
*
,
12C
56'Ac
$15c
6-24
62%c
62%c
62%c
$2
6-30
7-22
(quar.)__
6-24
20c
^
McColl-Frontenac
6-30
(quar.)
A
7-15
50c
A___________
common—
McCabe
7-15
$15c
A
7-15
50c
5c
30c
$2c
50c
Realization
Matthiessen
6-30
37%C
Hosiery Mills, Ltd.—
Glass
Class
7-15
$20c
preferred (quar.)
Co. (quar.)
Matachewan
7-15
(quar.)
Co.
6-30
Stock
9c
Marshall Field &
Mar-Tex
12-16
7-15
4c
10-20
8-24
Ltd.—
Telephone,
Telegraph
(quar.)*
12.28
IOC
1
$1.10
9-10
$1.10
12-10
$1.10- 3-10-49
50c
9-10
50c
12-10
50c 3-10-49
—
Common
McCall
Gas
7-15*
7-15
7-15
7-15
8- 2
7-15
7-15
8-31
7-15
1
Leaf Gardens, Ltd.__
—
Marchant Calculating Machine Co. (quar.)—
Maritime
9-16
10-30
7-20
t25c
(quar.)_ $1.06%
(quarj-. „
20c
—-—133Ao
(quar.)
25c
preferred (quar.)_ $1.06%
(quar.)
Maple
6%
Fuel
25c
——
Square Garden
414% conv.
Manhattan Bond Fund,
Inc._
Maltine
Max
1st
National
7-15
7-15
*
2c
Metal
Lowney (W. M.) Co., Ltd. (quar.).
Macy (R. H.) & Co., 4%% pfd, A
Mading Drug Stores Co., common
55c
preferred
(quar.)
7%
2nd
non-cum,
2
50c
——
($25 par)
(quar.)
preferred
preferred
5%
non-eum.
5%
7-20
10c
(quar.)
5%
9-28
Corp.
3 %
Dock—
&
$1.50
$1 50
."
Erie
7-15
(quar.)
(quar.)_____*.
Gas
•
'
,
$1.75
Shares
(quar.)
preferred (quar.)
preferred (quar.)
5% convertible preferred (quar.)_
Lord & Taylor, 8% 2nd preferred (quar.)—
Louisiana Power & Light, $6 pfd. (quar.)—
Louisville Gas & Electric Co. (Del.)—
Louisville
8-14
Welding
Automobile
30c
convertible
B
7-10
1
9-
75c
Newberry
A
6-30
7-30
w
6-30
(quar.)
6-30'
$12 %C
Electric
National
6-30
7-15
6
7-15
15C
.:
Quarterly
Quarterly-
7-15
9- 1
9- 1
10- 1
7-15
7-
5C
Common
$25c
$25c
$2
15c
15c
-
$1.75
—
Stores
Low-Priced
(quar.)
convertible
5%
(quar.)
—
National
8-18
7-15
8-14
6-30
Co".—
Convertible -preferred
8-3
9-1
7-15
3
7-31
7-20
(quar.)
Distillers Products Corp. (quar.)
Drug & Chemical Co. of Canada—
National
7-
•
9-
.7-20
Y.) i.
Bank (N,
(Mass.)-"
Department
National
6
8-
8-14
62 %c
common—;
National Chemical & Mfg.
9
8-
3
62 %C
__^a_
(quar.)_w
National Bond & Share Corp
National
Cash Register
Co.
10-15
7-
9-
'
(increased quar.)
Co.,
4
Extra
Loomis-Sayles Second Fund
Extra
—I
5%
———
-preferred
7%
9-15
7-
,
40c
Biscuit
20c
Loomis-Sayles Mutual Fund
Lorain
•
Common-iii.
8-
(quar.)
common
preferred
Class B
Co.—
(initial
International Nickel
7-15
Co.;—
(accum.)
Harvester
common
$37%c
Ltd.—
Powders,
6% participating preferred (quar.)
International Business Machines (quar.)
International
6-30
6-30*'
6-29 *
$1
Corp
Bronze
7-31
7-15
7-13
3c
$1.25
7-12
Railroad Shares
preferred
8%
convertible
$1.20
Massachusetts
Group shares.:
Insurance Co„ of North America (s-a)
International
7-1
Shares, Ltd.—
Insurance
Interlake
9-13
9-13
National Battery Co.
Corp.
•
Speculative Series
Corp
Madison
(quar.)
7-16
Aviation
.
1
(quar.)
Class
8- 2
National j
Ltd.—
Class
25c
.
7-16
7-
75c
Pipe,
•
•
Low-Priced
(quar.)
Candy
7
6-13
*
Bond
Extra
7-20
8-2
9-30
12-30
25c
56Vic
"
$1.25
$1.25
8-14
8- 1
11- 1*
8- 2
8- 2
7-26
•
15c
A
B
Lock Joint
20c
preferred B (s-a)__~
Power
Co., common
(quar.)
5% convertible preferred (quar.)
Illinois Terminal RR. (quar.)
preferred
7-9
9- 1
$25c
50 c
62 %c
________
5%
$2
8-2
.
Illinois
Associated
7-20
7- 1
6-30
6-30
Class
6-
7-15
$12%C
preferred
preferred
Steel
7-30
7-15
7-15
7-25
Class
7-15
-A
..
Co.—
capital
Original capital
Oiglhal capital
Special Guaranteed
(quar.)
Special Guaranteed (quar.)_
Special Guaranteed
(quart
—.
Little Schuylkill Navigation RR. & Coal Co.—
LoblaW Groceterias Co.,
50c
(quar.)_____
6%
(quar.)
Mutual Investment Fund,
Inc.—'
Mutual System, Inc.,
common-"—6%
preferred
(quar.).
Mutual Telephone Co. (Hawaii) —
4.80% preferred A .(quar.)
4.80% preferred A (quar.)
Narragansett Electric Co., 4%"% pfd. (quar.)
3-22
7-15
100%
Original
7-15
7-15
7-24
7-24
8- 2
9- 1
7-15
7-15
7-27
9-13
Chemical
6%
9-21
8- 2
7-15
8- 2
7-31
35c
$1
75c
dividend)
7-26
8- 2
8-14
8-14
93%c
20c
$$1
quar.)
$2.25 preferred (quar.)
Huttig Sash & Door
Indiana
8- 3
50c
(quar.)_
common
Mining & Smelting, Ltd
Refrigerator—
Incorporated
8-14
$1.25
(quar.I
(increased
(stock
Corp.
12c
30c
50c
Hudson Bay
Common
9-15
Mutual
7-10
ouar.)
65c
Hoving Corp. '
Common
Lionel
(increased
1
$48c
Co., (quar.)
■
7-10
(increased)
Co.
Co.
25c
(quar.)
(N. Y.) (increased s-a)
(quar.)
preferred
Gil
Lion
30c
3ftc
50c
87V2c
(irreg.)
Co.
25c
(quar.)
(quar.)
5%,, preferred
Hussmann
Link-Belt
■
Semi-annual.
(quar.)_
Co.
Material
Line
common
(quar.)
25c
50c
$1
lc
HOneymead Products (quar.)
Horder's,
Inc_ (quar.)
Horn & Hardart Co. (N. Y.), common
3%%
10- 1
1
The
imm'
10c
35c
37%c
$1
(Henry) $1 class A
Household
8- 2
7-31
7-31
$1.25
Co
(R.).'St Co., class A
Holt
'
7-
37 %c
Mfg./Corp.,, $7 preferred
Insurance
Co.,
preferred
$3.50
Products—
Steel
Holly -Development
Home
7-15
7-15
7- 1
7-15
7- 8
7-8
(quar.)
5.2% pfd.
—r
Little Miami RR.
Monthly
Hines
8- 1
15c
Common
(increased
quar.)
7% ■preferred class A (quar.)
Hershey Chocolate Corp., common (quar.)__
$4 convertible preferred (quar.)
Hibbard Spencer, Bardett & Co.
Hoe
7-15
8-
68%c
$1.12%
25c
15c
40c
93%c
(quar)—
Life
National
I
7-15
$1.50
States
Mullins
6-30
9- 1
9- 1
9- 1
8- 2
7-15
7-15
8- 2
9- 1
7,-24
8- 2
7-20
96140
37%c
$1.12'/2
t25c
$1.30
(quar.)_J
common
4%% preferred (quar.)
Bros., Ltd. (quar.)
Quarterly
Quarterly
Lincoln
Printing
7-
5c
Class B
Lewis
Lincom
(quar.)
1
12-22
8- 2
10c
$20c
$1.50
50c
10c
(quar.)
Lexington Telephone Co.,
6-30
7-15
lc
Power, common (quar.) —
(quar.)_i.i._—_.—:—:
Telephone- &" Telegraph—
States
(John)
6-30
7-23
$$1.75
7%c
56V4c
50c
50c
—
& Sons Co.—
preferred
(quar.)
Corp.,
7-15
$1.75
-
lc
Morrell
(James)
3,85%
7-20
10-20
6-30
6-30
6-10
6-16
8- 2
11- 1
7-15
7-17
7-17
7rJ(2
50c
15c
60c
(quar.)
$ Hartford Electric Light Co.
Hercules
7- 6
7-15
6-25
$1.25
Royal Rice Mills, Ltd.
Mountain
6-30
■•>
•
9
2
8-
Club—
4
6-30
.
7-30
7-19
$1.50
Oil, Mining & Development
Common
Company
Lerner Stores
5%%
.
7-20
Lees
& Co.
Harrisburg
Hartman
12-10
$1.50
(quar.)_
pfd.
6%
Company,
A.)
12-20
6-30
$1
9-
7-31
$5c
Co
&
Corp.
Tire
&
Leece-Neville
Quarterly
■v.
Rubber
Lee
R.)
&
(F.
Lazarus
7- 8
•
31 %c
Bfyant, Inc., 4%% preferred (quar.)_
Langendorf United Bakei-ies, class A y.quar.)
Class B (quar.)__
Lanova Corporation (resumed)
'.
Laura Secord
Candy Shops/Ltd. (quar.)__
7-31
9- 1
7-15
$25c
60c
Halle
(quar.)
7-
7-20
(accum.)
preferred
5%
National
_—
Inc.
7-15
(quar.)_
$6 pfd.
7-
10- 1
8- 2
11- 1
7-16
t40c
(quar.)
25c
6-30
9- 1
15c
preferred (quar.)
(interim)
Milling Co., Ltd.—
H.),
(M.
$1.62%
50c
8-
8- 2
.
Mountain
7- 9
7-15
^9-1.
Mount
7- 7
7- r.,
7-15
7c v.
$1.75
$1.75
25c
Lane
6-30
7-15
$75c
(quar.)
(quar.)
preferred
7%
6-22
8-15
preferred
6-30
Woods
the
7-15
8-13
,
60c
50c
$1.50
Lake Dufault Mines, Ltd.
of
25C
Co.—
(quar.)
Monroe Loan Society, class A (quar.)
Montgomery Ward & Co., common (quar.)_
Montreal Telegraph Co. (quar.)
7-20
'
6
7-
•
preferred
Iff
Mfg.—
convertible
5%
1
7-18
$1.50
preferred (quar.)
Co
Plante-Choate
Lake
5%
9-20
Monongahela Valley Water Co.—
6-18
$2.50
30c
37%c
37V2C
Brewing.
Electric
Lamston
:—-—
___
—
(quar
Co.,
&
(G.)
Kuhlman
^Guardian Realty (Canada) —
7%. preferred
H.)
(S.
Krueger
6-30
YpS Extra 1
7-
$5c f
20%
50c
9-15 ,
59c y 7-15 -r--
(quar.)
Kroger Co., 6% 1st preferred
7% 2nd preferred (quar.)
7% 2nd preferred (quar.)
9-25
$$1.50
6-30
12-30 s
7-15
10- 1
$1.50 preferred (quar.)
1-2-49
$1.50 preferred (quar.)
37%c 4-1-49 7
Knudsen Creamery Co., 60c preferred (quar.)15c
8-25
Kobacker Stores, Inc., common
(quar.)—__
< ■ 20c
7-31
$1.37%
preferred (quar.)
—34%c,1;- 8-1
6-21
8- 7
7-15
v $1.25
Quarterly
7-19
2
7-15
Co
Paper
Corp.
Monmouth Park Jockey
9-25
7-15
7-31
7-31
7-20
7-15
8-18
7-15
$1
15c
$1.25
30c
31'/4C
Series B-3
6%
Ontario
&
9-20
10-
•Extra I
27c
Common
'
9- 1
95c
,
Kroger/Company
Mission
.
S-4
Kokomo Water Works,
9
Mount Diablo
preferred (s-a)
King-Seeley Corp., common (extra)
Kirsch Company,
$1.50 preferred (quar.)—
6-30
8- 2
7-15
9-15
8-2
30C
15c
50c
common:
Tanning
(quar.)
Griggs. Cooper & Co.—
'lite 5%
1st preferred (quar;)Guarantee Co. of North America (Montreal)
7-15
7-28
8- 2
Keystone Pipe & Supply, 5%
La
Griess-Pfleger
$20c
15c
25c
Special
;
8-25
8-16
8-27
7-15
8-15
quar.)-
(stock dividend)
(cash dividend)
common
Series
7-10
9-15
$25c
25c, 12 %c
Quarterly
Great Lakes Engineering Works,
.
7-31
7-15
(quar.)
preferred (quar.)——_
Keystone Custodian Fund
Y.)—
Insurance
Great- American
7-15
9-1
9-1
$50c "
(initial)
common
new
New
Kress
(quar.) _______
Grafton & Co.,Ltd., class A (quar.)
Co.,
8- 2
$1.50
Ltd
Mines,
Lake
Kerite Company
7-5
6-30
7-15
7-20
7-6
7-10
7-10
6-21
7-15
7- 3
8-16
8-16
,
(quar.)_
Inc., common
convertible
$1.25
Ltd.
preferred
Grand Union
7-30
7-30
7-26:
7-26
7-26
7-15
20c
20c
7-
City
Kennedy's,
Minnesota
Mississippi Power & Light,
preferred .(quar.)
Southern Ry. Co.—
4% preferred
(quar.)
Kellogg Switchboard & Supply, common—
5%
preferred (quar.)
7-15
7-19
6-18
8- 1
8- 2
7-20
10- 1
$1
933Ac
3.807c
Kerr
7-15
10-2
15C
Minneapolis-Moline Power Implement
$6.50 preferred (accum.)
Minneapolis & St. Louis Ry
V 6-30
7-20
7-28
25c
25c
prior preferred (quar.)
Miller Mfg. Co.t class A (quar.)
Milliron's (D. JO, 5% preferred (s-a)
$1
7-15
Payable of Rec.
,,
Common
8-10
7-15
8- 2
Share
Company
Miller & Hart, Inc.';'
6-30
Power & Light—
Kansas City
Kansas
6-28
11-10
12- 1
7-31
7-31
2%
Furnace
&
Stove
Kalamazoo
Corp.—
(quar.)
preferred (quar.)
convertible preferred
Co.,
Joplin Water Works, 6% preferred
Journal Publishing Co., Ltd. (incrd.
Kable Brothers Co.
(quar.)
7-6
7- 6
8-20
7-31
7-10
93%e
............
-
Service
Public
preferred
$5.50
7-10
Ltd.—
Mfg.,
Products
' preferred
General
6-30
7-31
7- 9*
$1.25
preferred, (quar.)
preferred (quar.)
.General Outdoor Advertising Co., common—
6%
preferred (quar.)
General Plywood Corp.
(quar.)
5%
7-26
7-20
8-16
8- 2
50c
$3.75
■
8-16
8- 2
Corp.—
$5
General
6-18
50o
87 %c
-
Corp.
Motors
7-26
6c
50c
(quar.)
-—
(Boston)
Trust
9-17
7-15
6-25
12% O
common-
(quar.).
Investment
General
7-16
10- 1
7-31
8-2
.
"—-
_
8- 2
$2
25c
-
.
General Foods Corp., common
Y
55c conv. pfd. (quar.)_
5% preferred (quar.)__
\l Jantzen Knitting Mills of Canada
Jaeger Machine Co. (extra)
Jenkins Brothers, Ltd.
(Montreal)
Jersey Central Power & Light—
4% preferred
(quar.)
Jewel Tea Co.,: 3%% preferred (quar.)
Y Johnson Mutual
Fund, Inc
Johnson Oil Refining Co., common
Co.,
L.)
(F.
Jacobs
9-1
30c
30c
133Ac
62%c
$25c
40c
(quar.)
Quarterly
Ironrite Ironer
Electric Co.rf«—
Corp.,
Fireman
Iron
6-24
Inc.^
Manufacturing
Mutual,
Investors
6-30
8- 2
40c
$8 preferred (quar.) Jt
General Bottlers,
Inc. :
General
7-15
$1.06'A
(Bridgeport)
Investors Mortgage Co.
~
$4.25 preferred series A (quar.)-.———
General Baking Co., common:
—
-
General
Payable of Reo.
7-20
7- 6
8-2
7-20
$4
American Transportation—
General
v
—35c
(quar.)
Gardner-Denver Co., common
1
Name of
of Rec
Holdert
When
Per
Holder1
/, When
Shared Payable
; 30c
6-30
—12c 5
7-21
-
Name of Company
v?
Monday, July 12, 1948
& FINANCIAL CHRONICLE
COMMERCIAL
THE
'
(192)
-
$1.38%
yolume 168
THE
Number 4715
Per
Name of Company
Share
.
Class B
*—:
Ryerson & Haynes, Inc.—
8-16
7-30
S.
15c
8-31
8-20
50C
8-
2
7-19
V25c
8-
.Extra
7%
-
preferred
Oxford
—
Pacific
Gas
Pacific
Lighting Corp.
(quar.)
Telephone & Telegraph
(increased)
Common
preferred
Saguenay
8-14
7-15
St.
Croix
7-6
St.
7-15
7-1
7-26
7- 6
5%
San Diego
5%
Gas & Electric,
preferred
Inc.,
-
Paraffine
Scranton
572 %
Scott
Inc.,
&
47e
preferred
(quar.).
Co
Scythes
(quar.)
Common
(quar.)
$1
preferred - (quar.) 1.^
J$i preferred (quar.)....
$1 preferred (quar.)***.
Penman's Ltd., common (quar.)
.
1
;.
62 72c
—
—
25c
-
preferred
Traffic
3.70 %
A
Permanente
Cement
'Metals
-
Gold
Perron
Petroleum
Pfaudler
Co.
-
&
25c
Ltd-
tic
-
Electric
(quar.)
95c
3.8%
pfd.
4.4% preferred (quar.)
Philadelphia Transportation Co.—
Common
preferred
preferred (quar.)
Plymouth Cordage Co., common
Employees
stock
(Albert)
preferred
Piedmont
&
Pillsbury
Pinchin
Northern
Mills,
American
RR.
Ry.—
(final)
Chicago & St.
Cincinnati,
Plomb
Screw
Tool
8%
Quarterly
$2
$1.25
Standard
5%
55c
Standard
$1.0674
4
Puget Sound Power Si Light Co.—
$5 prior preference (quar.)
Puget Sound Pulp & Timber—
dividend
Redeemable
(quar.).—.
of
15c
paid
Island
7%
77o
2nd
Richmond
Rich's,
50c
25C
$1.3174
20c
3c
Co.
(quar.)
50C
$1.75
$1.75
...
(N.
Y.)
Riverside
Rock
of
Cement,
Cotton
Ages
$5
Quarterly
Rockland Light
$1
&
■
7%
preferred
50c
50c
50c
1772c
:
8%c
Russ
(quar.)....
Chemical
Russek's
Stock
25c
preferred
(accum.)__
Fifth
dividend
40C
$1.75
;
:
Avenue. Inc. (quar.)
Ryan Consolidated Petroleum Corp.—
,
40c
Works.
Building Co., 6%
Sunray
Oil
Corp.,
—
Common bearer
Ordinary
•
-
90c
25c
7-15
7-
1
7-31
7-19
(quar.)
(quar.)
(quar.)
Western Tablet & Stationery Corp.—
5%
preferred (quar.)
7-24
7-10
Weston
(quar.)
common
Mills,
preferred
474%
payment
(quar.)
7%
Cement
Mfg.
Whitehall
7-15
6-15
Whiting Corporation
8-
7-17
Wichita
7-20
7-
6
Wichita
7-15
7-
6
Wilcox
7-15
6-25
7-15
2
*
6-25
preferred
non-cum.
River
Oil
Union
Oil
Stockyards, 4%
Co.
pfd.
(s-a)
(quar.)
Wilbur-Suchard
$5
(s-a)
Fund
preferred
—
J—
Chocolate
Co.—
(quar.)
1$1
7-15
6-25
Winters
7-15
6-25
Wisconsin
8- 2
6-17
Wisconsin Gas & Electric,
7-31
7-17*
Woolworth
$1.50
8-
2
7-10
8- 2
7-10
7-15
6-15
&
Ordinary
Wrigley
(stock dividend)
preferred (quar.)
472% pfd. (quar.)
Crampton Corp.
Co.,
6%
(F. W.)
& Co., Ltd.—
(interim)
(Wm.)
Jr.,
*
al5%
25c
*
6-15
Yale
1
9-15
Yates-American
1-
1-49
12-15
4-
1-49
3-15
6-25-49
25c
6-15
25c
7-15
10-
Towne
&
Cab
Yellow
6%
5%
6%
(quar.)
8-23
Co.—
Monthly
Manufacturing
Co.,
Machine
25c
25C
common
preferred
conv.
(quar.)
3772C
(quar.)
377aC
Ltd.," common.
preferred
(quar.)
preferred (quar.)
Zeller's,
3174c
3772C
Co.—
three for one split
(s-a)*.—.—_*.—**—
after
Corp,
———
Quarterly
——
...
tPayable
books not
in U.
S.
closed
for
Funds, less
this
15%
in Canadian funds, tax
resident tax 15%; resident tax 7%.
(Dallas)
——
•Transfer
IPayable
—
Trinity Universal Insurance
Quarterly
Whitehall
7-15
7-12
50c
—
Realty & Construction—
Transamerica
Special
7-20
2
50c
*.
Manufacturing
Initial
2
8-
8- 2
50C
Quarterly
Towle
8-
50c
25c
common
Corp.
Wheeling & Lake Erie Ry.—
4%
prior lien
(quar.)
25c
—*
—
Edison,
Instrument
8-13
6-30
9-
50c
Common
Toledo
Electric
1
7-15
11272C
$1.75
—
—
Cotton
Common '*
Tishman
5%
$1.25
-
Common
%
5%
1$1
Extra
Thomaston
(quar.)
1
9-17
1
175c
i
5%
Inc.,
(quar.)
t$l
(s-a)
3174C
.•
Co.
preferred A
preferred A
preferred A
50c
(s-a),
B
Co.—
(quar.)
RR.
75c
(s-a)
bearer
$1.50 preferred
Telephone
&
Pacific
20c
,
135C
Co.—
7-
25C
Superheater Co. (quar.)
Supertest Petroleum, Ltd
140c
150c
(quar.)
25C
Biscuits, Inc. (quar.)
Super Mold Corp. of Calif, (quar.)
1
93 %c
—
Securities
$1.1272
—
(quar.)
common
Sunshine
a20%
Royal Typewriter Co., common (quar.)**.—
i-r
Extra,
Rumford
Press, Ltd., 57c preferred (quar.)
Strawbridge & Clothier, common
Stroock (S.) & Company (irreg.)
Sun Oil Co., 4 72 7c class A pfd. (quar.)
8-
Co.
7-15
10-
$1
(quar.)
Stovel
13c
(quar. )—*_.....*
Electric Steel (increased)
Rothmoor Corp., common (quar.)
(quar.)
—
8-16
.
$1
(quar.)
Textron
110c
Rotary
A
Co.
Corp.—
Light
preferred
5%
20c
&
$1.75
177aC
50c
-
P.)
8-10
(accum.)
Common
Stone
(J.
8-10
$1.0674
(quar.)
Common
Stevens
Container
8- 2
$1.1272
Co.—
Coal
Common
50c
preferred (quar.)
Symington-Gould Corp. (resumed)
Texas Power & Light, $6 preferred (quar.)
7 7o
preferred (quar.)
$1.25
.......
Rolls-Royce, Ltd. (ordinary)
(interim)**..
Roper (George D.) Corp.*-*-..**.*.....-..
Class
5%
Western
7-19
8
37 7aC
(quar.)
Chemical Corp.—
A
Western
(quar.)
Stores
25c
(quar.)
(quar.)
Power—'——..—.
Co.
1
7-15
Manufacturing
Insurance
Class
—
25c
Ltd.
(quar.)
...
Rochester Button
8-
9374C
preferred
Mills,
Corp.
7-30
7-15
Western
(Boston)—
.
75c
(quar.)
...........
Robinson
$1.40
7-19
7-15
2
7-15
10-15
25c
Breweries, Ltd. (quar.).
Grocers, Ltd., class A (quar.)
preferred
(quar.)
Western
472%
7- 2
7-20
'
Co.—
preferred
$3.75
7-
8-
6
7-20 '
8- 2
Inc. (quar.)
Virginia Pulp & Paper—
4%%
preferred
(quar.)
Westvaco
56c
7-
6c
62 7aC
West
93%C
12 720
pfd.
':7-15^.::7A'17%^
Westmoreland,
preferred (quar.)
Stetson (John B.)
Co., common
8% preferred (s-a)
7-16
Point
Westmoreland
Western
5%
75c
_
(quar.)
(quar.)
Power
15c
pfd^(quar.)„
*.10-^9
preferred
(quar.)
preferred B (quar.)
15c
(quar.)
Steel Co. of Canada, Ltd., common (quar.)_
7% participating preferred (quar.)_
Sterling Brewers, Inc. (resumed)
Stern & Stern Textiles—
15c
(quar.)
(quar.)
common
preferred
Rike-Kumler Co.
11-12
527aC
(quar.)
Insurance
Inc.,
33A %
8-13
1
125c
Insurance
preferred
1
15c
Goods, common
preferred (quar.)
West
Electric
Penn
4%%
7-10
10-20
35c
preferred
preferred
9-10
7-20
35C
35c
Penn
6%
West
110c
156 74C
(quar.)
_
Stonega Coke & Coal Co.
Dry
-1st
9-
12-
10c
_*
7%
Ltd.
Brothers
Corp.
Investing
9-20
350
"
Company
4.20%
Stecher-Traung Lithograph,
5% preferred (quar.)_
140c
pfd, (quar,).
West
$1
$1
(quar.)*
*
140c
15c
Association
40c
(quar.)—
class A—
State Street Investment Corp.
Increased
Sterchi
10c
Copper & Brass, 5W%
$1
(quar.)
50C
preferred A (quar.)
V
6% preferred B (quar.)
Republic Petroleum (quar.)
Rhode
B
3%
6%
Rice-Stix
Class
30o
——
....
—
(quar.)
per
Reliance Electric & Engineering, common—.
$2.10 convertible preferred (quar.) —
Racing
A
Brock,
Co.
(quar.)
preferred "(quar.)
Wellington Fire Insurance (s-a)
West Michigan Steel Foundry—
7%
prior preferred
(quar.)
t$1.25
Corp
Class
25C
Reporter Publications, Inc
Republic Investors Fund—
Revere
Silica
$2.50
$4.25
$1.25
3%%
377aC
(quar.)
(irreg.)
Washington Gas Light, common
$4.50
preferred
(quar.)
IV/20
com.
250
(quar.)
preferred
(accum.)
Common
Spring Co.—
convertible preferred (quar.)
Stanley
50c
$1.60 non-ciim. pfd- (quar.)
—
Reinsurance Corp. of N. Y. (increased).
Reltman's (Canada) Ltd., 5% pfd. (quar.).
Revere
4%
share will be
fractional shares.
in
Ohio,
6%
—
Street
Warner
45C
927aC
Ltd.,
(quar.)
Common
—
—
Ltd.—
of
25C
lieu of
Regent Knitting Mills, Ltd.—
/
$1.60 non-cum. preferred (quar.)
,
Oil
25c
ftegal Shoe Co. (stock dividend)
rate
Co.,
125C
——
the
(quar.)
Standard Steel
$1.50
—
...
at
Fuel
Standard
125c
162 72 c
preferred (quar.)
Quebec Power Co., Ltd
Rapid Electrotype Co. (quar.)
Rayonier, Inc., common (quar.)..*..
^
Reading Co., common (increased)
Reed (C. A.) Co., class B common———
$2 preferred series A (quar.)—.'
Cash
(Dallas;
40c
redeemable preferred
Standard
100%
......
^Quaker Oats Co., 6%
\
Co.
—*
(s-a)
common
preferred
72%
Co.,
7-16
preferred*,, (quar.)
Wall
(quar.)——
Standard Holding Corp.,
Class fe—
....—...
purity Flour Mills, Ltd.,
Chemical
preferred
12-21
8-1
Warren Brothers Co., class B
(quar.)
Waterloo, Cedar Falls & Northern RR.—
9772C
(quar.)....
9-26
1-2-49
$2
(quar.)
preferred
Detinning
preferred
7%
$1.03%
25c
convertible
Wabash-Harrison
preferred
preferred (quar.)
preferred (quar.)
preferred (quar.)
5%
non-cum.
Vulcan
.—
Speer Carbon Co
Sperry Corp. (increased s-a)
Springfield Gas Light (quar.)
Square D Company, $4 preferred
$4 preferred A (quar.)
10- 1
6272c
(quar.)
class B preferred
7-15
4.15 %
130C
62 VjC
—
(s-a)
Co.—
Common
com.
8-2
7-31
preferred
177aC
3.70%
175C
A
Virginian Railway,
$4.50
preferred
3.90%
1$1.50
(quar.)
(J. B.)
7-15
(quar.)
Service,
(quar.)
—
Extra
(quar.)
Insurance
8- 2
250
(quar.)
.7 %
Public
7-15
250
50c
8-16
45C
Prosperity Co., 5r/e preferred (quar.)
public Service Co. of Colorado, com. (quar.)
47*%
preferred (quar.)
Stock
1
7-15
50o
877»0
(quar.)—
common
Virginia Coal & Iron
Virginia Iron Coal & Coke—
Electric—
preferred
50C
(quar.)
4%
„———
Southwestern
1172C
pfd.
9-
90c
Mines, Ltd.:
Procter & Gamble Co.,
1
15C
Mills———
Dome
&
1
50c
—
—-
t$1.50
Nfcw
non-cum.
1
9-
(quar.)
preferred
Southwestern Life
10c
—
East
Gas
$2.20
$1.25
Edison, 3.60% preferred (quar.)
Power Corp. of Canada, Ltd., common.....
6%
1st preferred
(quar.)......
Preston
5%
7-15
25c
Soutmvestern Associated Telephone Co.—
127aC
Potomac
6% non-cum. partic. preferred
Prentice (G. E.) Mfg. Co
Indiana
7-15
9-
8.2656
(quar.)
(increased)
10-
50c
Vapor Heating Corp, —
5%
preferred (quar.)
5%
preferred (quar.)
Vertientes-Camaguey Sugar
Ltd.—
England "Telephone
Southern Railway Co.
25c
Woolen
Co.,
1
$1.75
(quar.)
Tobacco,
130c
preferred
Southern
15c
—
Co
Power
9-
50c
k
class
5%
3772C
tquar.)
1
8-2
50C
627ac
Co.
5%
3772C
participating preferred
Southern
$2.50
Bolt
&
Canada
9-1
50c
common
Pictures
Van Sciver
817ic
1
8- 2
10-
53c
(quar.)....*
Knitting Co.—
prior preferred
5%
28c
—
v
630
(increased quar.).
5% prior preferred (quar.)
Valspar Corp., $4 conv. preferred
$0.2312
(quar.)
A
10- 1
530
(quar.)
—
Leaf
Extra
Utica
377ac
—
Co.
Chemicals-.-
preferred
Universal
Co.—
Southern Colorado Power
Louis
Plymouth Rubber Co
1.
Portis Style Industries (quar.)..*
Portland Gas Light, $5 pfd. (quar.)
/Portland General Electric (quar,)
Portland
6%
23% %
(s-a)—
Pitsburgh
7%
$1.1272
California
4.8 %
receipts
(quar.)
preferred
Common
$1
(quar.)
Ltd.—
Common
3174C
(initial)
preference
California Gas
Southern
75c
preferred
$4
deposit
Pittsburgh,
6c
$2.50
Johnson & Co.,
convertible
687jC
10%
$7 pfd.
com.
Insurance
Universal
10c
.
.
(quar.)
Water, common
4%
preferred (quar.)
4 'A %
preferred
20c
(s-a)
A
9-1
58730
-
15c
(quar.)
7-27
8-2
587aC
Pipe & Foundry Co.—
Quarterly
S. Plywood Corp., common
(quar.)
U. S. Radiator Corp.—
New 6% preferred (initial quar.)
U. S. Smelting, Refining & Mining—-
2272C
common
—
U. S.
$1.05
—*
at
share
1/50
U.
50c
(quar.)
preferred
6%
60c
*
(reduced)
common
Industrial
8772c
;
(quar,)
—
Edison, common
convertible preference
(quar.)
Southern
$1
.........
;
Co.,
6%
$1
90C
4%
Guarantee,
S.
25c
California
4.48%
4.56%
377aC
(quar.)
S.
U.
50c
preferred
Southern
30c
Participating preferred (resumed)
Philip Morris & Co., Ltd., common (quar.).
$3.60
4% %
Southern
$1.10
(resumed).
Corp.,
U.
South Pittsburgh Water Co.—
$1.0772
Co.,
(quar.)—
convertible preferred
$1.25
15c
preferred/(quar.)**—..'.*..........
5%
Sontone
$1.25
—
Fire
153c
—._*.**———
preferred
preferred
Finishing Co.,
S.
50c
:
preferred (Initial quar.)
Aircraft, common*.:..—
90c
$1
Philadelphia
/
Solar
50c
S.
U.
Carpet—
4.20%
10c
Co——
...
Corp., 5% pfd. (quar.)
Company, common.
;V.v..;4.3%
3V2 7c
U.
130c
;
each
—
20c
quar.)
Cash will
shares
—
175c
——...
for
of
common
held.
fractional
U. S. Air Conditioning,
$1
(quar.)_
Traction
&
of
37c
share
Stock dividend \*—./.i*.-**.-.
1 $ 1.50
(increased
Extra
26c
Phelps-Dodge-Corp.
Phillips-Jones
Common
of
rate
'
One
50 shares
lieu
IOC
Corp.
(increased quar.)
& Co., common (quar.) .........
(A.' O.) Corp
(Alex.) & Sons
Smith
Light
in
}20c
(quar.)_
—
Oil
preferred
Smith
50c
(quar.)
Power
(extra)
B
(N.)
$2.12
125c
—...
Mines,
Heat
Co.
Class
Sinclair
dividend)
.
United Merchants & Manufacturers—
150c
Mines, Ltd. (s-a)
Simplex Paper Corp
Simpsons, Ltd., class A
$1.3772
(annual)
130c
Sigma
8772C
Philadelphia
Pick
7-26
Slater
Machine & Gear Co
Permanente
8-16
8- 2
$1.0674
(quar.)
10c
1172C
Sheep Creek Gold Mines, Ltd
Shell Union Oil Corp.
(interim)
Sheraton Corp of America, common
$1.10
Peoples Credit Securities, Ltd.
Peoples Gas Light & Coke
Perkins
8-15
11-15
2-15-49
9272c
(quar.)
120C
25c
15c
: .4.40%
preferred
Pennsylvania Power, 47i7c
Pennsylvania Salt Mfg.-<-
1272c
(quar.)
175c
(quar.)
B (quar.)
preferred
Co.
1
8-
8-1
v
(monthly)
(monthly)—
7%
(monthly)
**.-i.-_*-:
6.36% prior preferred
(monthly)
6.36% prior preferred (monthly)
*____
6.36% prior preferred (monthly)
—-—
6% prior preferred (monthly) *_——*——
6%
prior preferred
(monthly)
c
6%
prior preferred (monthly)
,f
110c
t$1.50
(s-a)_.
preferred C
372%
&
8-31
15c
-
—L.—.i. :
prior preferred
prior preferred
prior preferred
7%
2772C
Mining Corp
Shawinigan Water & Power Co., com. (quar.)
4% preferred series A (quar.)
Electric Co.—
Pennsylvania
Roebuck
7%
$2.50
(quar.)—.—-
paid
the
1317»c
(quar.)—.—
(stock
held.
119c
Shattuck-Denn
1-49
25c
(quar.)
Co.
1-
25c
..................
67c
Sears
10- 1
62720
1
Penn
preferred
be
25C
(quar.)——
8-15
10Q
(quar.).*..
(quar.)
(quar.)
stock for each
917iC
Scarfe Si Co., Ltd., class A
Class B (quar.)
——
...
Co.
preferred
preferred
preferred
American
85c
—
8- I
380
25c
....
(quar.)_
United Fruit Co. (quar.).
United Light & Railways Co.-—
27%C
(quar.)
preferred
871/aC
(quar.)
...
Common
Co.,
convertible
5'/2 7c
—.
—,
.Common
Electric
&
$4.50
$3.70
$3.50
25c
(quar.)
'
Union Electric Co. of Missouri-—.
$1.25
(quar.)
A
preferred
_
25c
$3.40
8-9
(Increased)
Corporation, Ltd., class A (quar.)
(quar.)
*
*„'
50c
Ltd., common (quar.)
57c preferred (quar.)
Seaboard Air Line, 5 % preferred———
Seaboard Container Corp., class A*.
*-*—
Park & Tilford, Inc. (quar.)
peabody Coal Co.; common (irreg.)
6%
preferred (quar.)*-—
5% preferred (quar.) ——
Peerless Cement .Corp***———.
Peninsular Telephone ©0.—
-
Co.,
preferred
627aO
7-15
10- 1
6c
United Drill & Tool, class A
Class B (quar.)
Co.
preferred
Paper
3.657c
7- 1
10- 2
62V2O
(increased quar.)
Cigar-Whelan Stores—
1272C
....—.
Distillers
7-15
250
7-15
31i/4o
Co.—
Class B
25c
(quar.)
7-15
6-30
7-10
9-18
6-28
25c
Rubber
convertible
When
Holdert
Payable of Ree.
Share
t$1.75
Union Oil Co. of California
United
25c
—.
—
—
Asbestos &
Quarterly
20C
Corp
!
•
:——
Schuster
(Ed.)
& Company————-.———
Schuylkill Valley Navigation & RR. (s-a)
——.
Union
$3.50
$1.25
(quar.).
common
common
Schwitzer-Cummins
Cos.,
7-15
of Company
Tybor Stores, Inc
Udylite Corp, (quar.)
United
& Co
Arms Corp..
Savage
Corporation- (quar.)
—.
Page-Hersey Tubes, Ltd.
(quar.)
Panama Coca-Cola Bottling Co.
(irreg.)
Panhandle Producing & Refining
(s-a)
Davis
$2
i,;; Per
Name
Tuckett Tobacco Co., Ltd., 7% pfd. (quar.) Treesweet Products Co., $1.25 pfd. (quar.) —
208 South La Salle Street
Corp. (quar.)
$1.25
$1
Bros.,
Schenley
Packer
Parke
10-1
—
(quar.)
Sargent
Co.—
—.
—
t$1.07
pfd.. (quar.)__
Co
Map
Sanger
—
7-19
6-30
6-30
9-8
7-6
8- 2
8- 2
Francisco Ry.—
preferred A (quar.)—..
preferred Av (quar.)—
5%
Sanborn
(quar.)
6%
preferred
(quar.)—.
Package Machinery
HOC
(quar.)
Louis San
7-21
7-16
•
8- 9
20%
161.75
474%
7-12
7-16
7-31
7-31
—
Ltd.,
Paper Co
7-29
25c
*——
(quar.)
Power,
8- 2
—
Pacific
7%
v
7-22
50c
(quar.j.
common
preferred (quar.)
Saco-Lowell Shops (stock dividend)
St. Lawrence Flour Mills, Ltd., com.
20O
Co.
Co., $5 non-cum. 1st pfd
Pacific Finance Corp. of California (Del.) —
5%
preferred (quar.)
*.—.*.—
Electric
Fine Foods, Inc.,
When
Holder*
Payable of Ree.
15c
convertible
$1.25
Coast
&
W.
50c
$$1.75
——
—
—
Paper
Pacific
8-14
7-15
7-15
Si
4%
$1.25
(quar.)
Co.——
Company
7-19
8-14
125C
.
———_——*—.
Otis Elevator
Outlet
(quar.)
2
1250
;
—
com.
Share
of Company
7-30
Inc., common
United Filters, class A (quar.)
Oliver
■
Per
Name
8-16
50C
Industries,
•Ontario Steel Products, Ltd.,
& FINANCIAL CHRONICLE
Holder*
payable of Rec,
$0.59375
Oklahoma Natural Gas, common——
43A% series A preferred (quar.)
Olin
When
COMMERCIAL
—
.
——
a
Less
acLess
British
30%
Income
tax.
Jamaica income tax.
dividend.
Canadian non-residents'
deductible
at
the
tax.
source.
1
50
THE
(194)
in
General
Corporation and
amounting
;
(Continued from page 12)
Cash in banks and
"U.
hand
on
740,000
securities
Government
S.
♦Other
incident to investment bank¬
securities,
605,699
1,368,322
4,153,737
3,895,965
470,763
2,543,505
740,417
73,466
1,952,496
4,171,830
438,953
business
ing
interest receivab.e
under contracts
Accounts, notes and
Unbilled charges
Inventories,
cost
at
2,513,198
4,991,073
395,023
866,671
6,336,846
581,004
contra)
Other investment securities, at cost or less
Natural gas and other mineral interests.(net)Employee ret rement program fund—
tOffice
and
contract
(per
real estate
and other
buildings
iFurniture
Other
under
funds
Clients
—
equipment—
assets
265,653
charges
147,323
582,889
;
and deferred
Prepayments
500,000
5,950,438
277,931
278,495
L.
—
$35,271,996 $29,341,408
LIABILITIES—
Notes payable
p.
at
payable
payments by clients
Mortgage loans (current)
,
Advance
Provision
Other
Clients
.
and
funds
under
contract
Mortgage loans. (non-current) __
Deferred
1,952,496
2,752,500
contra)
(per.
1,492,256
170,390
2,513,198
liabilities
accrued
2,937,500
i_
credits
195,228
1'
_
!
608,200
125,948
5,000,000
8,926,605
5,699,174
for employee retirement program
Minority int. in cap. stock & surplus of subsid.
Capital stock of
no
par
value
(outstanding,
5,000,000
8,926,605
5,483,785
♦After
■
->
of
reserves
for
serves
X
$35,271,996 $29,341,408
_
$135,000 in
and 8150,000 in
1948
tAfter re¬
1947.
depreciation of $3,279,201 in 1948 and $2,965,853 in 1947.
for depreciation of $733,110 in 1948 and $315,133 in
tAfter .reserves
v:::L
1947.
NOTE—Except
uidation
'
..
'
:
and
.
income
certain
-1# >.?
which
earned
and
domestic
•v
4P''
80%-owned
two
for
for
corporations
insignificant
in
corporations,
of liq¬
consolidated
process
the
■
rc
subsidiaries
held
of
all
p.
surplus
and
Stone
of
subsidiaries
such
'
&
held
on
the accounts
Inc., for the period
balance
the
of all
during
includes
Webster,
consolidated
the
2299.
statement
sheet
includes
respective
the
accounts
167,
thereof.—V.
dates
v"
; ;
Texas Pacific Coal & Oil Co.—To Increase Stock—
The
will
stockholders
capital-
stock
by
provide for the
vote
July
amount
an
payment of
28
not
of
100%
a
increasing
on
than
more
stock
dividend.—V.
Textron, Inc. (& Subs.)—Earnings—
Quarters Ended—
Sales
>1.;-
Net
Mar. 27,'48
$32,809,944 $32*288,257
minority
after
♦Profit
after
No.
common,
of
Mar. 31,'47
2,962,859
1,962,859
1,132,631
interest
contingency
reserve
shares.
Earned per share
2,685,900
1,685,900
1,017,856
$1.59
$1.67
//.
M
amounted
reserve
-
Discts.
divs. and int.
sale of securities
purch.,
on
and profit on
income—
Total
of
Purchs.
troleum
■
De©f2tf,'4(r ~*Dec. 28,'46
allow.
$
$
124,776,023 112,951,887
t-.
~
,
■
invests.,
on
.—.
——
v"v :■>■■'
177,213
"Sir.
sales,
tCost
of
less
returns,
discounts &
101,010,522
87,590,339
9,591,873
saes
27,453,840
b,8 8,201'
Sell., aamin. and gen. exps. unci, salaries)—;
Interest paid for use of borrowed money——
.21,900,679
5,812,600
. 4284,375
Profit from
Total
313,826
normal
Federal
State
6,583,500
346,350
charges
for estimated
Federal
Fed.
& State
and
tax
income
taxes:
466,000
,
taxes
295,000
154,000
of
search
the
$8,884,082
in
of
applic.
earns,
minority
to
Net
Net
profit
profit
crude oil-..,,;—,
of
sources
new
4,699,930
6,082,082.
,
shr, after pfd. div.
com.
req
customers'
U.
crude
of
$3,550,631
$0.71
and
for conting
res.
transferred
Dividends
paid
to
declared
or
on
♦For
and
sion
-
for,
institutions
from
borrowed
individuals to
and
$3,699,117;
net
business, $52,202,575;
'
"
050,921.
book
NOTE—The
of March
of
value
common
shares
Piece
as
was
$36.86
per
and
of
plan
etc.,
V.
see
1947
shares
outstanding
$501,703
749,000
$0.63
1514.
Victor Equipment Co.—Earnings—
1948
Cost
1947
1946
$947,439
$998,426
$534,548
595,053
204,973
623,026
211,005
340,732
174,664
"
sales
Net
of
goods sold
Operating expenses
& Co.
7,080,323
stock
259.942
250,008
1,076,076
505,465
BALANCE
share
$8,774
156,907
$0.46
$0.01
V.
Notes
Total
Corp., Hagerstown, Md.—Files
Products
With
530,000
23,108,864
receivable
Inventories
Other
assets
current
Notes
222,562
580,000
receivable
15,923
18,239,037
347,561
^Investments in securities
fProperty, plant and equipment
Intangible assets (net) *
Cash
8,645,178
23,484,480
531,991
trade
$4,119,768
7,166,306
hand
on
surrender
value
Deposits with mutual
Sundry other
of life
insurance
insurance
assets
Prepaid expenses and deferred charges
15,923
16,407,073
402,937
548,567
521,147
432,137
1,068,507
660,848
356,500
464,023
685,275
—
companies.—
notification with the SEC
for 42,800 shares of common stock, of which 21,503 shares will be
sold to single holder of the majority of the outstanding voting stock
and 21,297 shares will be offered publicly at $7.50 per share without
underwriting.
Proceeds will be used to increase working capital.—
The
company
166,
on
June 28 filed a letter of
Federal
Inc.—Earnings—
Net
1948
income
♦Earnings
Net
on
sales,
share
common
per
♦Based
LIABILITIES—
Notes
payable
Accounts
Accrued
(current)
payable—trade
^Provision
Dividends
wages, taxes &
for Fed. inc. & excess
payable
Employees'
other exps.__
profits taxes.
$2,057,500
3,575,223
3.994.898
649,755
& social security
U. S. Savings Bonds
Notes
546,406
535,941
1,587,500
other
for
77,808
475,379
1,329,450
3,000,000
6.895,000
422,733
1,000,000
181,575
435,885
1,362,591
4,875,000
5,397,300
566,316
8,265,613
4,530,277
9,408,997
1,492,205
6,000,000
4,999,750
704,349
Other liabilities
Reserve
-
deposits for Inc.
current liabilities
payable (non-current)
Sundry
$322,500
4,092,838
3.202.590
9,105,773
5,771,009
__
taxes & for the purch. of
;
.-
salaries,
contingencies
Minority interests:
stk. & surp. of subs.
Pfd. stock of subs, at "redemption value.Class A stock of subs, at redemption value—
Minority
ints.
in com.
1I$1.25 convertible
Com.
stock,
Paid-in
(par
preferred stock no par value
value 50 cents)
surplus
Capital
surplus
Earned
surplus
!
505,466
7,292,367
4,222,969
4,196,607
$20,166
$0.10
Net
amounting
$253,496
to
in
above the sales for the first quarter of
9-5%
the 1948 quarter, were
1947.—V. 165, p. 3176..
Gross
.
Operating revenues
Subs.)—Earnings—
1948
——1
of
918,703
.
gas
Other
income
income
Net
10,391,851
12
940,246
and
on
preferred
836,144
Non-operating
996,261
902,204
425,000
Net
CV13.400
shares,
and
*
'
taxos—
operating
$651,785
—
,
1946
$5,580,675
4,267,537
$1,313,142
$1,211,356
34.462
$1,266,730
515,255
"$1,367,507
515,129
$1,323,900
•
539,640
$751,475
—
$1,333,046
55.375
revenues—-—
$852,373
$784;261
revenues
Gross-income
171,500
$1,710,633
822,027
$888,606
Deductions
7,074
.
from
i„___.
gross-
Net • Income
167,
p.
/V
1(T,759
after
charges.
Income taxes ——
*$1.06
Net
No. of
,
profit
capital shares—
share—
Earned per
,
2073..:
(& Subs.)
Zonite Products Corp.
$448,£76
of income taxes to con¬
,.
.
: ; y/,
income—'
—
Quarters End. Mar. 31--^
Net
440,030
$2.82
after adjustment
"
$731,233
$1,717,707
$1,436,045
accounting period.
and
Prov. for advertising—^
Balance
$1,155,479 $1,085,286
424,196.
,
433,501
100,000
$2,804,269
\
27.410
,
stock
4
1948
r
1947
$7,054,957 $6,380,849
5,843,601
5,047,803
Months Ended March 31—
revenues
$1,876,075
440,030
other deductions
$791,491
423,591
$367,900
expenses
62,239
.—
Earnings per share of common
♦On
$1,057,900
27,387
'
2795.
Operating
$2,776,859
900,784
(Dt)—
income
form to
$1,132,539
22,940
11,108
—
income
Dividends
' 64;500
" 929,533
703,266
440,000
213,000
,
Wisconsin Michigan Power Co.—Earnings—
—V.
Interest
p.
Operating
;
taxes—————
operating revenues
Gross
77.600
993,976
$764,495
26,996
income,—
167,
18,750
adjustments
Special provision for conversion to natural gas
Net
46,300
1,040,927
gross" lncome____/:
963,745
to operations—.™—
—
for Federal
Provision
—V.
from
169,550
conversion costs-
utility plant acquisition
losses chargeable
taxes
General
448.300
profits
depreciation
1,048,668
njatural
Depreciation
of
273,600
1,116,017
1947
$17,673,000 $15,139,943
-——
.
10,773,398
Maintenance
Property
736,533
surtax
income
Deductions
Net
Washington Gas Light Co. (&
12 Months Ended March 31—
Amort,
and
operating revenues___^
non-operating revenues-
Total
692 359
1,212.985
786,472
194,950 common shares.
Amortization
$57,010,250 $56,059,250
J
1947
$0.17
„
for
499,644 ;
752,314
taxes_I__
income taxes:
excess
Provision
1,682
24,222
394,979
*
2,045,468
expenses
expenses
State
$33,517
Quarters Ended March 31—
est,
normal
1,027
42,943
522.102
1,745
19,478
550 858
insurance
income
than
for
Federal
Walker Vitamin Products,
general
and
operating
Provision
and
1946
-
$9,544,228
3,551,894
547,591
$11,679,971 $10,423,872
4,700 316
3,965,767
697,999
597.732
expenses
other
Taxes
1260.
p.
Operation
Total
Commerc'al
Other
repairs-:
doubtful accounts--
for
casualties
for
Admin,
(from parent co.)
and
Maintenance
Prov.
revenue
power
1947
1948
Ended March 31—
operating
Provisions
"Dec. 28,'46
$3,934,893
580,000
and
receivable
Ripley & Co.,
Co.—Earnings—
Wisconsin Gas & Electric
12 Months
1934.
166, p.
Victor
V.
Dec. 27,'47
in banks
tAccounts
the sale were: Harriman
received at
Lehman Brothers (jointly), 99.103 for 2s; HaUey, Stuart &
99.035 for 2s; Salomon Bros. & Hutzler, 99.517 for 2V«s.—i
168, p. 90.
,
Is
and
Inc.,
Purchased
1,000,000
SHEET
ASSETS—
Cash
bids
Additional
Inc.,
Co.
5,377
222,739
shares
common
62,470
$101,925
222,739
$0.41
common
of
per
6,316,575
56,017
$91,396
income taxes
income
Earned
of comparison the 1946 figures have been revised,
depreciation of $1,034,763 in 1947 and $768,117 in 1946.
CONSOLIDATED
Ry.—Equipment Trusts Offered
Wheeling & Lake Erie
sale July 7 on its bid of 99.14,
2.174%. On reoffering, the se¬
curities were priced to yield from 1.25% to 2.30%, ac¬
cording to maturity. Associated with Harris, Hall & Co.
(Inc.) in the offering iare: Robert W. Baird & Co. , Inc.;
Blair & Co., Inc.; Equitable Securities Corp; The Illinois
Co.; Reynolds & Co.; Schoellkopf, Hutton & Pomeroy,
Inc.; Bramhall, Barbour & Co., Inc. and Hayden, Miller
1946
$626,195
749,000
$0.79
1948
$456,391
749,000
Earnings
per
share
$0.52
♦After charges and Federal taxes.—V. 167, p.
profit
1948, will be
business July 16,
vote.—V. 167; p. 2694.
to
the group in competitive
for a net interest cost of
(& Subs.)—Earnings—
Quarters Ended March 31—
♦Net
at the close of
of
6,
$3,200,^00
2694...
Capital
to
—Haris, Hall & Co. (Inc.) and associates on July 8 of-j
fered (subject to approval oi the ICC)
2%
equipment trust certificates, series P. Maturing Jan. 15,
1949, to July 15, 1958, the certificates were awarded* to
2795
167,: pp.
Corp*—To Vote on Merger— •
Sept.
on
1948.
Stockholders of record
share as
entitled
recapitalization,
of
this
merger was
speculation.
a
details
j
.
2 will vote on offering an agreement
company into Food Machinery Corp.
The agreement
dated and approved by the board of directors as of July
stockholders
merge.
total, $277,-
&
Works
For
168, p. 90.
Westvaco Chemical
The
Co., dealers in investment securities, 37 Wall St., New
York. N. CY.,, has issued a memorandum, in;which-it recommends the
purchase of the new preferred and < common. stocks of United Piece
Dye
Telegraph Co.—Accepts Tenders— : *•!
had accepted tenders of
due in 1950 and of $4,022,000 of its 5%
that bonds reacquired by tender at prices
par now total $5,472,000 of the 4V2S and $6,226,000
averaging less than
Works—Circular Issued—
Dye
i
■
announced on July 6 that it
company
of the 5s.—V.
31, 1948.—V. 167, p. 1852.
United
it
.
.
•
.
partially finance expan¬
$54,600,000; preferred stock
(250,000 shares
A), $24,500,000; common
shares (4,666,270
$116,656,750; premium on sale Qf common shares,
retained in
jt
Western Union
The
series
income
.
.
$1,482,000 of its 4»/8% bonds
bonds due in 1951.
It added
operations,
$3.75,
.
.'
Manager.—V. 167, p. 2694.
Traffic
payable for oil purchases, lessors' royalties,
transportation services, employees' earnings, etc.,
but not yet due, governmental agencies, $16,375,162; dividend declared, $1,633,194; interest on money borrowed,
$461,321; sinking fund payment due Nov. 15, 1948, for retirement of
$200,000 of 1967 debentures, $200,000;
income, property and other
taxes, including estimated taxes payable on
1948 earnings to date,
$5,358,481; insurance reserve to cover possible fire losses and other
damage to properties, $1,364,321; long-term debt, representing money
collected
taxes
Agent—
appointed New
Bank of Chicago -for
due March 1, 1978.—1
Y., has been
Inc.—To Reduce Rates—
Effective Aug. 1, this corporation will reduce freight rates an aver- ;
age
of 25%
on
19 major commodities carried on inter-state basis
between California points and Portland and Seattle-Tacoma.
Commodities affected by the new rates will be carried at approximately 16 cents a ton-mile, according to Arthur C. Smith, Cargo
LIABILITIES—Amounts
and
Number
purposes
tlncluding
Co.—N. Y. Paying
New York, N.
Trust Co.,
Bankers
construction projects,
533,727
stock—
Dividends paid or declared on common
company for the !
kwh.. an ^increase j.
kwh. for the corresponding)
74,514,000
over
Western Air Lines,
$8,080,323
preferred
Output—
paying agent with the First National
65,000,000 first mortgage bonds, series B, 3%,
V. 167, p. 2584.
warehouse stocks of materials and supplies, $4,711,981; prop¬
plants (after deducting $225,075,155 for wear and tear,
deterioration, exhaustion of oil properties, and obsolescence of equip¬
ment), $180,812,190; other assets (investment in controlled and affil¬
iated companies and advances to others, less reserve for losses; taxes,
insurance and other prepaid charges applicable to future operations;
and proceeds of $14,907,433 from 2.80%
promissory note invested in
U. S. Govt, securities), $23,008,450; total, $277,050,921.
376,279
$8,316,575
2,000,000
surplus
24.88%
The
and
30,412
'
earned
Electric Co.—Weekly
:
output of the e'.ectric properties, of this
July 3, 1943, amounted to 93,041,000
ended
York
SEC—
Balance
each.—V. 167, p. 1736.
506,159;
erties
$2,242,119
$2,979,420
•••' '-V-:.
<"
,
West Texas Utilities
1948
MARCH 31,
$3,189,420 $2,610,251
210,000
368,132
—
the output of
week of 1947.—V. 168, p. 90.
of
and Canadian Government bonds), $2,390,801;
notes and other receivables, $23,028,615; inven¬
refined oil products (12,816,000 barrels), $20,-
S.
accounts,
(chiefly
—V.
profit
Appropriated to
1,127.160
stock
West Penn
week
$22,592,725; marketable secur¬
ASSETS—Cash in banks and on hand,
ities
537,095
of acqui. by parent
Net
$3,737,411
982,438
stockholders on July 29
Power
1,183,923 - *1,007,568
2,160,000 ' F,100,000
$7,795,006
$1.62
•
—
per
STATEMENT OF FINANCIAL POSITION,
Net
interests
subsidiaries
Earns, -of subs, prior to date
$4,171,858
73,055
$8,990,329
:
profit
£360 707
—
outstanding
common stock, par $2.50
taxes, other than payroll
taxes, on properties anil operations-—.
Prov. for Fed., State and other taxes on earns.
Federal
Net
Portion
49,844
Oil & Snowdrift Co., Inc.—Plans Split-Up—
will consider increasing, the authorized
to 2,500,000 shares; also on spl.tting-up the presently
common stock, no par value, into two new shares'of
Wesson
The
Fed., State and local
3 Mos. End. Mar. 31—
*,.•
surtax
profits tax
excess
income
800,061
567
$353,067
76,372
—
drilling in
props.), and for cost of lands and
823,593
315.936
314,333
anticipation..
payments
other
Sundry
•
and
expense
17,647,691
5,725,000
income
Separation
253,228
550,875
assets
16,594,402
1,548,673
392,832
16,115,133
of fixed
income
other
Interest
Prov.
14,173,628
operations
disposal
on
Sundry
1,010,000
$3,687,567
17 419
2367;
167, "P.
common
of worn-out or obsol.
eventual replap.
for
387,875-
eqpt., and for exhaust, of oil-producing prop.
(based upon the orig. cost of the facil. and
Victor Chemical Works
Gain
1,010,000
$4,154 ,439
_i—$276,695
$287,652
pfd. stock for the period
Balance
—V.
8,767,146
Selling, advertising & admin, expenses
84,166
$360,140
Dividends applicable to
$50,900,927 $38,355,783
_____
oil, natural gasoline and pe¬
and cost of produc,, mfg., and
(incl. wages, suppl. & oth. exp.)
1,956,462
1,313,575
239
deducts.
other
income
Net
■
165,077
.
,
.
.
Gross
118,376
84,166
income
and
5,100,199
$352,828
revenue
oper.
Gross
Int.
crude
prod.,
Greene
INCOME ACCOUNT
CONSOLIDATED
${iar$ Ended—
$1,000,000.
to
144,873
Other income ..(net)
,
♦Contingency
161,496
—
$38;190,706
auths.)-_ $50,723,714
and State
Fed.
customers for
from
shares outstanding),
„
profit
1947
petrol, prods., mdse. & services to indus.
consumers,
motorists,
govtl.
agencies
and
others (excl. sales and excise taxes collected
cumulative
i.
•
authorized
shares, to
167, p. 2474.
the
886,541
taxes
$13,067,803
2,058, 049
1,580, 047
168,321
Sales of
tories
Total
Net
1948
March 31—
other
and
Mos,—1947
$1,107,117 $16,171
376,114
7,368 ,502
604,618
expenses
Federal
2300.
3 Months Ended
revenues
inc.
1948- .037
1948—Month—1947
$1,347,981
Property & other taxes
Property .retire, reserve
appropriation
165,820
1,025,738
69,230
Reserve
2,104,391 shares)
Capital surplus
Earned surplus
110,000
3,003,813
606,161
taxes
for
current
$2,368,408
Federal
Union Oil Co. of California—Earnings—
Prov.
$2,700,000
1,868,708
801,641
110,000
(bank loans)
Accounts
been
or
transp. opers.
Total
Operating
Operating
the
the declaration of
action on
no
the current 12for the oalendar
Co.—Earnings— -12
Washington Water Power
Period End. April_30—
$2.40
cumulative convertible preference stock and of 15 cents each on the
common stock
were made on Feb. 15 and May 15, this year.—-V.
167,
declared
1948
1947
$9,613,475 $10,158,732
i
took
25
June
on
year
Divideiidsr-,
common
dividends which would ordinarily have
that meeting.
Distributions of 60 cents each on the
preference
SHEET, MARCH 31
CONSOLIDATED BALANCE
d.rectors
The
months'
1946.—V. 167, p. 2795.
Thatcber Glass Mfg. Co., Inc.—rOmits
instituted April 1, 1348, the earnings for
period may not be indicative of earnings
1948.—V. 167, p. 1736.
increases
in 1947 and
of $11,179,862
depreciation
for
reserve
1946.
gAfter deducting U. S.
Treasury tax; notes
to $1,500,500 in 1947 and $251,637 in 1946.
tlOutstanding
in
215,892 shiares In 1947 and 199,990 shares in
Investment News'
ASSETS—
lAfter
1946.
$11,031,616
12, 1948
Monday, July
CHRONICLE
FINANCIAL
&
COMMERCIAL
-
1948
$184,199
74,800
•
41,342
$68,057
825.656
$0.03
1947
-Earnings—
,
1946
.
$392,008
—
81,200
121,853
$188,955
825,656
$0.23
v
■
/
$669,055
1945
.
*
$623:, 166
126,350
.134,800:
-
•.
208,141
213,106
$321,149..
.$288,675
825.656.
.$0.39
825,656
r
$0.35
the recent winter monthisy ^
NOTE-^-Above figures include Canadian and Mexican subsidiaries,
and because operating expenses for the 12 months ended March 31*/'
but exclude English subsidiary and Australian and Chilean branches.—
1948, include only three months of. full amortization charges relative
V. 167, P. 2367.
.
to the change to natural gas, and do not show the effect of wage
NOTE—Because of colder weather during:
Total
♦For
tAfter
purposes
reserve
$57,010,250 $56,059,250
——
—
of
comparison
for doubtful
the
1946
figures
accounts of $252,207 in
have
been revised.
1947 and $131,809
.
,
,:)V
~
"■!'
■
.'
f:
?yolume,.168; 'Number4715
THE COMMI^IAIi-& FINANCIAL CHRONICLE
VM5
(195)
51
iiim
•
STATE AND CITY DEPARTMENT
r.:h j['
mk
BOND PROPOSALS AND NEGOTIATIONS
-W
'
'
T
ALABAMA
Dairyland Elementary Sch. Dist.,
Madera County (P.O.
11'?,
Atmore, Ala.
Bond Sale—An issue of $40,000
I'tKv 4%
park and playground bonds
08 u
purchased
was
ni i
recently
by Wat-
kins, Morrow & Co., of Birming¬
ham.
Dated April 15,
1948.
Due
serially*
'■fiu
It?.-*
on April 15, from 1949 to
1963 inclusive.
Legality approved
by-White, Bradley, Arant & All,
of Birmingham.
Troy, Ala.
Bond Sale—An issue of $182,000
public
improvement
bonds
*
2V2s, at a price of 100.63, a basis
of 2 374%. Dated
May 1, 1948. Due
serially off May 1, from 1949 to
*
1958 inclusive.
Approved as to legality by White, Bradley, Arant
& All, of Birmingham.
ARIZONA
:
Phoenix
Union High School District, Maricopa County (P. O.
Phoenix), Ariz.
Offering
James
,
Bond
.
>
E. De-r
Souza, Clerk of Board of Super¬
visors,
will
receive
sealed
bids
until 2 p.m.
^
.
(MST) on July,26 for
the purchase of $1,500,000 not to
■J# exceed 4% interest school
coupon
.
j-Madera), Calif
Bond
bonds offered
m
$1,000. Due
N $60,000
July 1,
on
from
1950
follows:
1966, and
/by the Bank of America"
National Trust & Savings Associa¬
tion, of San Francisco, the only
bidder, at a price of 100.126, a net
interest cost of 3.31%, as follows:
$30,000 as 3y2s, maturing Mom
i949 to 1958, and $24,000 as 3V4S,
maturing from 1949 to 1969 inclu¬
sive.
>
.
.
v?'..-'•.:
$240,000 in 1967 and 1968. All bids
id
*
must state the
be
-
paid.
will
be
rate
The
of
interest
successful
required
to
to
bidder
furnish
and
£^l>pay for the printing of the bonds.
The successful
bidder will be
_
'?i furnished
with
certified
a
copy
b^iof the transcript of the proceedings so the the same may be
J? I passed upon
by the attorney for
-
such bidder. A certified check for
5%
of
the
total
amount
such
of
bid, payable to the County Treas-
gpi
is required.
urer,
'• "./*»- V\4
V";*.'
Unified
School
District,
;Stanis!laus County (P. O., -i
"/i/."/ Modesto), Calif.
,
Bond Offering — C. C. Eastin,
County Clerk, will receive sealed
bids untill 2 p.m. (Calif. DSX) oh
July ,12 for the purchase of $114,4
000
not
to
exceed
5%
interest
school bonds. Dated
Aug. 15, 1948.
Denomination $1,000. Due On Aug,
1, as follows: $12,000 from 1949
to 1953; $11,000 from 1954 to 1957,
and $10,000 in 1958. Principal and
interest
(F-A)
payable at -the
County Treasurers office. A cer¬
tified check for not
of
less than
the bonds, bid for,
payable; to
the Chairman of Board of
visors,
5%
Super¬
is required.
Vidrine
&
fj^f jointly.
*
:
|
.
and Kirby L,
Co., both of Phoenix,
Dated July 1, 1948. Due
serially
July 1, from
on
1949 to
Sale —The
Bond
bonds offered
chased
by
on
the
$20,000 water
July 1 were pur¬
Bank
of
■■
purchased by Kenneth A. Ellis &
Co., and Kirby L. Vidrine & Co.,
both of Phoenix, jointly, at a net
Ifll;
interest cost of 2.65%. Dated July
1, 1948. Due in 1958.
Tree
School
District
County (P. O
Marked Tree), Ark.
r >
Bond Sale
The $100,000 3%
school, bonds offered on July 2
were purchased by Herman BensVoc! dorf & Co., of Memphis, the only
Treasurer's office.
The approving
opinion of Orrick, Dahlquist, Neff,
Brown
&
Herrington,
of
San
Francisco, will be furnished the
certified
without
check
for
3%
cost.
of
bonds offered
chased
tioh
did
held
not
on
Voted—At
June
approve
29
the
an
the
Bond
Dated
of
Sale—The
$37,000 buildJuly 6—v.
168, p. 91—were purchased by W.
£ S.
Heller, County Treasurer, at
r.
par, a net interest cost of 2.944%,
m
as-follows: $16,000 as 2%s, maturs*
ing on Aug. 1 from 1949 to 1956,
v?
and $21,000 as 3s, maturing from
no
£1957 to 1963, all inclusive. Dated
x Aug.
16,i 1948, The next highest
d bidder wa« the Security-First Na^
;;
ing
bonds offered
on
*
tional
$37,000
Bank
as
of
Bank
of America
voters
District, San Diego
County (P. O. San Diego),
Calif.
Los
Angeles, for
3s, at 100.024.
bid
for
of
Elementary Sch. Dist.,
( P. O.
Mateo County
Redwood
City), Calif.
Bond Offering—W. H. Augustus,
Clerk
will
of
Board
receive
of
sealed
Supervisors,
bids
until
11
(Calif. DST) on July 20 for
the purchase of $60,000 not to ex¬
ceed;; 5 % interest school bonds.
Dated April 1, 1948.
Denomina¬
tion $1,000.
Due $15,000 on April
1, from 1949 to 1952 inclusive.
a.m.
part of
bonds
Bond Offering
—
Earl Lippold,
to 1958 inclusive.
authorized
on
These
65,000 Carpinteria Union School
Districts bonds, to Weeden &
the
at
election
Jan. 23, 1948.
for
$1,000
Co. of San Francisco, as 2y2s,
at a price of 100.07, a basis of
A certified
payable
to
2.49%.
the
Due
Costa
County (P. O.
Martinez), Calif.
Offering—W.
Dis¬
Aug.- 1.
as follows: $15,000 from 1949
to 1960, and $20,000 from 1961
•
to
1968
-
on
inclusive.
100,009 Carhienita School District
bonds:
Due $5,000 on Aug. 1,
from 1949 to 1968 inclusive.
National
Legality to be
approved by Ropes, Gray, Best,
Coolidge & Rugg of Boston. Sec¬
ond high bid of 101.79 for 2s was
made by R. L. Day & Co. of Bos¬
June
1,
1948.
June 1, from
on
Conn.
Note
Offering—John M. Cianci,
Secretary,
will
receive
sealed
bids until 1 p,m. (DST) on July
13 for the purchase of $1,741,200
temporary loan series M-l notes.
Dated July 19, 1948. Due July 19,
1949.
The validity of the notes
will
be
by
approved
Robinson,
Hartford, and
a copy of such opinion will be fur¬
nished by the Authority to the
successful bidder without charge.
Robinson & Cole, of
1968 inclusive.
Calif.
all
inclusive.
Principal and in¬
terest- (F-A)
payable
at
the
County Treasurer's/ office.
The
legal opinion of Orrick, Dahlquist,
purchaser without charge. A
certified
check
for
5%
of
the
bonds
bid
for,
payable to the
County Treasurer, is required.
received
on
July
bids until 10.30
I
$200,000
sewerage*
street' im¬
provement
and
water
works
Bonds
Voted
June
on
the
proved
At
a.m. (Calif. DST)
July 20 for the purchase of
$30,000 not to exceed 5% interest
-school bonds.
|
as
ap¬
$555,000
of
follows: $250,000
system
system
Treasurer's
check
Bonds Not Voted—At
annex
did
voters
the
not
same
approve
$300,000 City Hall
bonds.
inclusive.
in
Rate
interest
of
multiples of
*4
of
1%.
Bidders
will be permitted' to bid
different rates of interest and to
split rates irrespective of maturi¬
for
.
$5,000
payable
to
the
City
Treasurer, is required.
San Carlos, Calif.
/
Bonds Not Voted—At municipal
election held
did
not
A'
certified
on
April 6 the voters
approve
$435,000 bonds.
the issuance of
,
for
These
thorized
June 17.
are
the
at
3
p.m.
(EST)
purchase of
the
the
bonds
election
au¬
held
on
..
IDAHO
Bannock
County (P. O. Pocatello),
Idaho
for
$1,000 payable to the
Board of Supervisors, is required.
Bids
Rejected
—
All
bids
re¬
ceived for the
Turlock Irrigation District
(P. O.
Modesto), Calif.
Bonds
held
Voted
June
At
—
29
an
election
the
voters ap¬
proved the issuance of $1,000,000
irrigation bonds.
on
District, Men¬
County (P. O. Ukiah), Cal.
Bond Sale—The
bonds
offered
on
$225,000 school
July 1 were
purchased by Heller, Bruce & Co.,
San Francisco, and Kalman &
Co., of St. Paul, jointly, at a price
of
of
purchase of the $1,000,000 hospital bonds offered on
July 1—v. 167, p. 2837—were re¬
jected on advice of Pershing, Bos¬
worth, Dick & Dawson, of Denver,
due to litigation still pending.
ILLINOIS
100.049,
a
net interest cost of
as
follows: $143,000 as
maturing on July, 1, from
1949 to 1961, and $82,000 as 2%s,
maturing on July 1, from 1962 to
1968, all inclusive.
Dated July 1,
1948. The next highest bidder was
Du
County School District
No. 46 (P. O. Elmhurst), III.
Page
Bond Offering—Earl D. Reese,
Secretary of Board of Education,
receive
will
3V2%
of
America
National
bids
until
(CST) on July 16 for the
purchase of $827,000 not to exceed
building
Bank
sealed
7 p.m.
100.049,
the
Pleasanton, Calif.
Bond Offering—Matt
be
office.
until
20
bonds.
2y4s,
house bonds.
the
Dated
Aug. 1, 1948.
Denomination $1,000.
Due $3,000
on Aug.
1, from 1949 to 1958 in¬
clusive.
Principal
and
interest
(F-A)
payable
at
the
County
election
voters
bonds.
$170,000
bonds, $80,000 gas
system bonds, and $55,000 ware¬
water
Dusenberry,
on
docino
an
the
issuance
bonds divided
electric
—
22
Offering—E.
Ukiah Union School
Palo Alto, Calif.
held
Bond Offering—Sealed bids will
County Clerk, will receive sealed
Neff, Brown & Herrington, of
San Francisco, as to the validity
of the bonds, will be furnished
the
Thomasville, Ga.
be
Bond
T.
The approving opinion of
July 13 for the purchase of $557,- office.
not to exceed -5%
interest Orrick, Dahlquist, Neff, Brown &
building bonds, divided as 'fol¬ Herrington, of San Francisco, will
be furnished.
A certified check
lows;
7.
Due
at
Bank of Norwich.
Tranquility Sch. Dist., Fresno
County (P. O. Fresno),
school
interest
coupon
site
bonds.
and
Dated
June 1, 1948. Denom. $1,000.
Due
1, as follows: $15,000 in
$55,000 in 1951; $15,000 in
1952; $128,000 in 1965; $200,000 in
1966 and 1967, and $214,000 in 1968.
on
Jan.
1950;
Trust & Savings
Association, San Principal and interest (J-J) pay¬
Francisco, for $33,000 as 2%s, and able at the First National Bank of
$192,000
as
2y2s, at 100.017.
Chicago. Rate of interest to be in
multiples of Vs of 1% and no bid
CONNECTICUT
will be considered for
two
Goshen, Conn.
Bond
issue
Sale—The
different
rates
more
of
than
interest.
The bonds will be delivered with
$57,000 school
of 41948' bonds
offered
on
the
approving opinion of Chap¬
& Cutler, of Chicago, and
opinion is to be paid for by
the District, the printed bonds to
be supplied by the successful bid¬
der, and all bids must be so con¬
man
July 6—v. 168, p. 92—were pur¬
chased by Putnam & Co., of Hart¬
ford, as iy2s, at a price of 100.037,
a
basis of 1.493%.
1948. Due
1949 to
serially
Dated June 1,
on
June 1, from
1960 inclusive.
The
next
highest bidder was Coffin & Burr,
for 1.60s, at a price of 100.115.
Ledyardr Conn.
000
bonds.
Dated
serially
1949 to
District, Contra
Principal and interest (J?D)
County Clerk, will receive sealed
bids until 10 a.m. (Calif DST) on payable at the County Treasurer's
trict
option, at
or
GEORGIA
Pacheco School
ties.
$340,000 Bellf lower School
Dated June
1, 1948.
$375,000
issue
an
1953, and $90,000
13/4S, maturing from 1954
as
Chairman of Board of Supervisor*
is reauired.
to
Angeles County Schi Dists.
(P. O. Los Angeles), Calif.
from 1949 to
of
be received for this issue.
1973
Aug. 1, 1948.
Los
100.005, a net interest cost of
1.67%, as follows: $90,000 as
iy2s, maturing on June 1,
Rate of interest to be in multiples
of y4 of 1%.
Split rate bids will
are
School
holder's
Uncas-Merchants
the
bonds,
to
Braun,
&
Co., Inc., and ton.
;
Dempsey-Tegeler & Co. of
Wallingford Housing A uthority.
St. Louis, jointly, at a price
Conn.
of 100.10, a net interest cost
Note Sale—The $280,000 tempo¬
of 1.78%, as follows: $40,000
rary loan series M-l notes offered
as 4s, maturing
on May 1, in
on
July 7—v. 168, p. 92—were
1949 and 1950, and $340,000 as
purchased by Day, Stoddard &
l3/4s,
maturing on
May
1,
from 1951 to 1967, all inclu¬ Williams, of New Haven, at L00%,
plus a premium of $63.84.
Dated
sive.
Dated May 1, 1948.
July 12, 1948. Due July 12, 1949.
180,000 Orcutt Union School Dis¬ The next
highest bidder was' Sal¬
trict bonds, to the Bank of
omon
Bros. & Hutzler, at 1.00%
America
National
Trust
&
plus $35.
Savings Association of San
Waterbury Housing Authority,
Francisco,
at
a
price
of
in¬
Jorgensen,
1950 and 1951 and $70,000 as City Clerk, will receive sealed
bids untill 11 a.m. (Calif. DST)
4V4S, maturing from 1952 to
on. July
13 for the purchase of
1958, all inclusive.
25,000 Seely Union School Dis¬ $125,000 not to exceed 5% interest
trict bonds* as 4%s, at a price sewage disposal plant coupon or
Dated June 15,
of 100.156, a basis of 4.718%. registered bonds.
Denomination $1,000.
Due
Due serially on Aug. 1, from 1948.
$5,000 on June 15, from 1949 to
1949 to 1958 inclusive.
Cardiff School
£//,
San
time
elec-
issuance
bonds
the issuance of
$162*000 improvement bonds.
I
on
by the
$115,000 school
July 6 were pur¬
Westmoreland
Un io n
School District bonds, at a
price of 100.065, a net interest
cost of 4.262%, for $20,000 as
41/&s, maturing on Aug. 1, in
Bryte Sanitary Dist., Yolo County
(P. O. Bryte), Calif.
mv
Menlo Park
$90,000
par.
Not
of
Barbara
Boston,
Bosworth
required.
the
Bond Sale—The
CALIFORNIA
>!
bidder
Imperial County School District
(P. O. El Centro), Calif.
„
Bonds
of
Santa
District
multiples of lk of
Paasch,
Encinitas Union School District,
County Clerk, will receive sealed
San Diego County (P.%0.
bids until 11 a.m. (CDST) on July
San Diego), Calif
19 for the purchase of $35,000 not
yfc
Bond Offering — T. H. Sexton, to ^exceed^-5%. interest
building
Dated Aug. 1, 1948. De¬
County Clerk, will receive sealed bonds.
bids until 10.30 a.m. on July 12 nomination $1,000.
Due on Aug.
for the purchase of $95,000 not 1, as follows: $1,000 from 1949 to
to
exceed
5%
interest
school 1953, and $2,000 from 1954 to 1968,
'
5<.'8v
Rate
sold as follows:
$380,000
A certified check for 3% of
amount
Bond
—
p|g bidder, at
office.
Savings Associa¬
tion, of Saii Francisco, as follows:
No. 28, Poinsett
were
each issue, payable to the Chair¬
man
of Board of Supervisors, is
National Trust &
ARKANSAS
Marked
1 %.
the
America
School District, Yuma
bonds bids for, payable to the
County (P. O. Yuma), Ariz.
Bond Sale—The $138,000 build¬ Chairman of Board of Supervisors,
is required.
ing bonds offered on July 6 were
i
Treasurer's
terest to be in
tion, San Francisco, for $17,000 as
4s, and $3,000 as 33/4S.
A
Yuma
$7,000 from 1966 to 1968,
Aug. 1, 1948. Denomina¬
tion $1,000.
Principal and interest
(F-A)
payable
at
the
County
National Trust & Savings Associa¬
successful
1968 inclusive.
Bond
all included.
check
—
.
Barbara County Sch. Dists.
(P. O. Santa Barbara), Calif,
Sale—The $625,000 bonds
offered on July 6—v> 168, p. 92—
on
Dated
held
Dorris, Calif.
County School District No. 20
(P. O. Maricopa), Ariz.
25, as follows: $7,000 from 1949 to
Bond Sale
The $40,000 school 1958, and $5,000 from 1959 to 1963
inclusive.
Principal and interest
j-j * bonds offered on July 6—v. 168,
0% p. *91—were purchased by Ken- (F-A) payable at the County
p neth A. Ellis & Co.,
and
/
Dated Aug. 25, 1948.
De¬
nomination $1,000.
Due on Aug.
Pinal
Due
'
bonds.
"
"Jk
v
,
f>
Denair
as
to
$54,500 school
July 6 were pur-
on
Santa
School District
Aug. 1, as fol¬
Artesia
bonds.
lows: $6,000 from 1950 to 1965,
Saie—Tne
bonds. Dated July 1, 1948. Denom.
%
117,000
'
cnastd
was
'-iki-; purchased recently by GeorgeM,.
Wood & Co., of Montgomery, as
'
} 1
Bond
Sale—The
ele¬
mentary
school
bonds
offered
July 8 were awarded to Coffin &
Burr, of Boston, as l%s, at a price
of 100.09, a basis of about 1.74%.
Dated July 1, 1948.
Denomina¬
tion $1,000.
Due $5,000 on July 1
from 1949 to 1968 inclusive. Prin$100,000
said
ditioned.
A
certified
payable
$8,000
to
the
check
for
Township
School Treasurer, is required.
Elgin, III.
Bond
Sale
The
$150,000 in¬
on July 6
purchased by the. Continen¬
—
cinerator bonds offered
were
tal Illinois National Bank & Trust
Co., of Chicago, as l7/ss, at a price
of 100.39, a basis of 1.833%. Dated
Jan. 2,
1948. Due serially on Jan.
2, from 1950 to 1967 inclusive. The
next highest bidder was the First
cipal and interest (J-J) payable ht National Bank, Chicago, as 2s, at
the
Second
National
Bank
of a price of 101.07.
52
(196)
.
Kane
THE
County Township High Sch.
Dist. No. 143 (P. O. Genoa), 111.
Bond Call
H. C. Hattendorf,
—
*
Secretary of Board of Education,
calls for payment on Jan.
1, 2V2%
high school bonds, 1947 issue, Nos.
44 to 53
inclusive, dated Aug. 1,
1947, and maturing $5,000 on Jan.
1, in 1961 and 1962. Funds to pay
the above named bonds and inter¬
est to Jan.
1, 1949, will be
hand
on
at the First National Bank of Chi¬
cago, on and after July 1, 1948.
Interest ceases on date called. v
\
•
\
/•».
.
f.
•
,
.
..
4
•
..
-
Kankakee, III.
<>
.
Bond Sale—The $500,000 sewer¬
system
age
offered
improvement bonds
July 1—v. 167, p. 2837
on
purchased
by
Halsey,
Stuart & Co. Inc. and Braun, BosCo., Inc., jointly, as 2s, at
a price of
100.306, a net interest
—
were
worth &
cost
of
1.9744%.
1948. Due
1949 to
Dated
serially
on
highest bidder
all inclusive.
chased
Bidders will be
re¬
the rate of inter¬
name
which
est
the
bonds
108
(P. O. Highland Park), III J
Bond Offering—Lester B.
Ball,
successful
fied
bidder
at
the
City, is required.
Richland
Township
(P.
O.
until
8 p.m. (CST) on July 13 for the
purchase of $1,750,000 not to ex¬
ceed
3%
interest
building
coupon
bonds. Dated July 1, 1948. Denom.
multiple of Va of 1%, and
of the same
maturity
an even
all
Each rate to be in
bonds
shall
bear
rate,
The bonds will be delivered
with
the
interest
the
at
same
approving opinion of
& Cutler, of Chicago,
Chapman
and said
Bond Sale
offered
—
The $80,000 bonds
June
on
28
were
pur¬
chased
&
Share
Trust
1.911%,
follows:
as
$40,000 school township bonds.
40,000 civil township bonds.
1948. Due serial¬
Jan. and July 1, from 1949
on
Washington County (P* O.
Salem), Ind.
Bond Offering—Lee W. Mitch¬
ell, County Auditor, will receive
from
of
are
required to
interest
1%,
not
in
The
—
than
der.
named by eac^ bid¬
opinion of Ross, Mc¬
& Miller, of Indian¬
The
Cord, Ice
apolis, approving
the
bonds
will
successful
the
the
be
bidder
legality
furnished
the
at
of
the
expense
County.; A certified check
3%
of the
face
value
the
of
bonds
bidj payable to the Board
Commissioners, is required.
of
Alta
provement; bonds offered
on
July
1
v. 167, p. 2735 — were
pur¬
chased by Frank E, Hailstone &
Co., of Cincinnati. Dated July 1,
—
Independent
School District,
until
receive
sealed
and
bids
oral
7.30 p.m.
(CST) on July 20
purchase of $150,000 build¬
ing (bonds;
Dated Sept. 1, 1948.
1948.
Due serially on Jan. and
July 1, from 1950 to 1957 incl.
for the
Cotton
Denomination $1,500.
Township (P. O.
R, ft. 1,
Bennington), Ind.
Bond Offering—Wilford
Keith,
Township Trustee, will receive
sealed bids until 2 p.m.
(CST) on
July 20 for the purchase of $28,500
not
to
exceed
clusive.
Due
$500
from
1950
v
>
$500
as
District Treasurer, is required.
July
July
and
1,
1,
$750
Jan. 1, 1963.
Catahoula
1,
1948.
;
Bond
not
shall
The
multiples of M of 1% and
more
be
than
named
approving
interest
one
rate
by each bidder.
opinion
of
Ross,
McCord, Ice & Miller, of Indian¬
apolis, will be furnished the suc¬
cessful^ bidder.
No
conditional
bids will be considered.
A certi¬
fied check for $500 for each issue
payable to the Township, is re¬
quired.
Evansville School City, Ind.
Bond Offering—Neva G. San-
dleben,
^School
(P. O.
Jonesville), Iowa
$12,500
Sale—The
bonds offered
nest
as
on
July 6—-v. 167, p.
purchased by the Er¬
M. Loeb Co., of New Orleans,
4s, at par.
Secretary
Trustees,
of
Board
will
of
receive
sealed bids until 3.45 p.m.
(CST)
July 14 for the purchase of $1,500,000 not to exceed 3% interest
on
Dated July 1, 1948.
Township (P. O.
Gruver), Iowa
Bond
Sale
—
The $100,000 im¬
on July
purchased by the IowaDes Moines National Bank, of Des
Moines, as 2s, at a price of 100.025,
a basis of 1.993%.
Dated Oct. 15,
1.90%, as l%s, and 2s, to
syndicate headed by the First
National Bank, of Chicago, as re¬
ported in our June 28 issue—v.
167, p. 2837—we learn that the
electric light plant bonds were
sold at a price of 100.004, and the
hospital bonds were sold at a
price of 100.002.
the
Topeka, Kan.
Bond Sale—-The $666,000 airport
improvement bonds offered on
July 7—-v. 168, p. 92—were pur¬
chased by the National City Bank
York, and Blewer, Heitner
&
Glynn of Kansas City,
jointly, as l%s, at a price of
100,1999, a net interest cost of
1.33%.
Dated July 1, 1948.
Due
serially on July 1, from 1949 to
1958 inclusive.
The next highest
bidder was Beecroft, Cole & Co.,
and Seltsam & Co., jointly, for
V/2S, at 100.44.
u
,7
•
of New
Dec. 8, 1948. Approved as to le-»
gality by Storey, Thorndike, Pal*
& Dodge, of Boston,
mer
.
KENTUCKY
Maysville, Ky.
Bond
City
Offering—Hazel
a
as
2!/4S,
price of 100,071, abasis., of
trict No. 1 bonds.
95,000 Consolidated School Dis¬
trict No. 2 bonds.
Dated
on
July 1, 1948. Due serially
July 1, from 1950 to 1968 incl.
Bids
No
Received
received
were
Consolidated
for
—
No
the
School
bids
$12,500
District
25 bonds offered at the
same
No.
time.
Franklinton, La.
$40,000 public
bonds offered on
June 28
v. 167* p. 2735 — were
purchased by Ott & Watts, of
Franklinton, as IV2S. Dated July
1, 1948. Due serially on July 1,
Bond
Sale—The
improvement
—
Clerk,
will
receive
New Orleans, La.
Bond Sale Cancelled—The syn¬
dicate headed by Halsey, Stuart &
Co. Inc., which was awarded the
$15,000,000 r a i 1 r o a d terminal
bonds offered
on April 28—v. 167,
1967—has exercised its privil¬
ege of cancelling the sale because
of inability to secure an unquali¬
fied legal opinion.
to exceed 3% interest
general ob¬
ligation flood control wall bonds.
Dated Feb. 1, 1948.
Denomination
Bond
sealed
bids
July
until
14
for
11
the
Bonds maturing in 1954 to
1977 will be optional for
redemp¬
maturity in whole or
from time, ta time iri4 part in the
inverse order of their maturity
(less than the whole of a single
maturity to be selected by lot), on
interest payment date (Feb.
1) on or after Feb. 1,
1953, at 105 if called for redemp¬
any
and
Aug.
tion
if
on
or
called
after and
before Feb.
1, 1958; 104
redemption there¬
for
on or
before Feb.
1, 1963;
103 if called for redemption there¬
after and on or before Feb. 1,
1968; 102 if called for redemption
thereafter and on or before Feb. 1,
1973; and 101 if called for redemp¬
tion thereafter and before matur¬
ity.
Principal and interest
at
the
Maysville.
fy
Bank
of
pay¬
Maysville,
Bidders should speci¬
single rate, of interest for the
bonds which shall be a multiple of
lk of 1%.
The City will furnish
the printed bonds and the approv¬
ing opinion of Chapman & Cutler,
of Chicago, and all bids may be
so conditioned.
A certified check
a
for
$5,000 is required.
Sale-rr-The
and
15, 1948 -to Dec, 15, 1948.
7;
June 15, 1948.
f
r-
.
Dated
.
Worcester, Mass.
,nf
—
The $800,000 rev*
notes offered on July 7 were
Note Sale
purchased by the Merchants Na¬
tional Bank, of Boston, at 0.60%
discount, plus a premium of $10.
Dated July 8, 1948.
Due Nov. 24,
1948.
The
next
highest bidder
was
the Second National Bank,
Boston, and the Boston Safe De¬
posit &
Trust
Co., jointly, at
0.639%.
MICHIGAN
Dearborn, Mich.
$29,000 special
a.m.
(DST)
purchase of
at the holder's option at the
one
name
rate
of
'
Fort Gratiot
Township Fractional
1 (P.O.
Huron), Mich.
Bond Sale—The $30,000 school
bonds offered on June 29—v. 167,
p. 2838—were purchased by H. V.
Sattley & Co., of Detroit, as 2J/4S.
Dated July 1, 1948. Due serially
on July 1, from 1949 to 1953, incl.
School District No.
Port
or
City
Bidders must
interest
in
a
multiple of
of 1%. The favor¬
able opinion of Storey, Thorndike,
Palmer & Dodge, of Boston, ap¬
proving the legality of the bonds
will
furnished
be
without
the
Ionia School District, Mich.
purchaser
Marblehead, Mass.
sealed
bids
until
11
C.
re¬
est in
name
the rate of inter¬
multiples of
school
July 1—v. 167,'
p. 2736—were purchased by Jones
B.
Shannon &
Co., of Detroit.
Dated July 1, 1948.
Due serially
on April 1, from 1949 to 1953 incl.
on
Kalamazoo, Mich.
on
Bidder to
The $41,000
—-
a.m.
July 13 for the pur¬
chase of $110,000 sewer coupon
bonds.
Dated Aug. 1, 1948.
De¬
nomination $1,000. Due $5,000 on
Aug. 1, from 1949 to 1970, incl.
(DST)
Bond Sale
bonds offered
charge.
Bond
Offering — Marjorie
Haines, Town Treasurer, will
ceive
15, from 1949 to 1953 in*
elusive.
1968, all inclusive. Prin¬
cipal and interest payable at the
First National Bank of Boston,
June
on
to
Treasurer's office.
Sale—The
bonds offered on July
168, p. 93—were purchased
by Braun, Bosworth & Co., Inc^
the only bidders, as l%s,; at si
price of 100.35, a basis of 1.631%.
Dated June 15, 1948. Due serially
of 1%.
No
Bond Sale
—
improvement
The $96,000 street
bonds
offered
on
July 1—v. 167, p. 2736—were pur¬
chased by the First National Bank
& Trust Co., of Kalamazoo, as
follows:
telephone bids will be accepted; $54,000 Special Assessment Dis¬
Principal and interest; payable; at
trict No. 2 bonds. Due serially '
the
Merchants
Boston.
National
Bank,
under
the
supervision of
and certified as to their genuine¬
ness by the above named bank,
and
their
legality will be ap¬
pared
by
Storey,
Thorndike,
Dodge, of Boston, whose
opinion will
purchaser.
be
furnished
1949 to 1956 inclusive. The
highest bidder
Special
Assessment
Dis¬
trict No. 1 bonds. Due serially
Nov, 1, from 1948 to 1956
incl. YY.
Y;YY;
on
..Y'
The
bonds
are
dated
July, 1*
1948.
|
was
Roy Twp. Graded Sch. Dist. '
No. 6 (P. O, Webberville),
;j
,
improvement bonds offered on
July 7 — v. 168, p. 93 — were
purchased by the Newton-Waltham
Bank
8c
Trust
Co.,
of
Newton, as l^s, at a price of
100.551, a basis of 1.396%., Dated
June 1, 1948. Due serially on June
Stuart &
42,000
Le
.
next
Nov. 1, from 1948 to 1952*
incl.
the
Newton, Mass.
Bond Sale—The $300,000 street
1 from
on
These bonds will be pre¬
Palmer &
Paducah), Ky.
Bond
1953
proved
McCracken County (P. O.
erling, Town Treasurer, will xe-*
ceive sealed bids until 8 p.m.
(DST) on Jvdy 13 for the pur¬
chase of $250;t)00; school building
loan, act- of 1948 coupon; bonds»
Dated Aug. 1, 1948. Denomination
$1,000. Due on Aug. 1, as follows:
$15,000 from 1949 to 1958, and
$10,000 from 1959 to 1968, all incl.
Bidders are to name one rate of
interest in multiples of V\ of 1%.
Telephone bids will not be ac¬
cepted. Approved as to legality
by Storey, Thorndike, Palmer &
Dodge, of Boston, whose opinion
will be furnished the purchaser.
6—v.
$1,000. Due 011 Feb. 1, as follows: $420,000 City Hall loan .1947 cou¬
$7,000 from 1949 to 1953; $8,000 pon or registered bonds.
Dated
from
1954
to
1959; $9,000 from Aug. 1, 1948. Denomination $1,000.
1960 to 1963; $10,000 from 1964 to Due on
Aug. 1, as follows: $25,000
1967; $11,000 from 1968 to 1971, from 1949 to 1952, and $20,000 from
$12,000 from 1972 to 1977 in¬
&
.
assessment
J. McArdle, City Treasurer, will receive
on
The/next high¬
Hornblower
Sudburyf-fflass*:^"^ ;rx;: ■ f
Offering—Lloyd W. Lov*
Bond
Bond
Lynn, Mass.
Offering—Daniel
t
f
was
Weeks, for l%s, at 109.40. Y
MASSACHUSETTS
sealed
bids until 8 p.m. (CST) on July
19 for the purchase of $275,000 not
bidder
enue
from 1949 to 1953 incl.
Larkin,
$150,000 road
bridge refunding bonds of¬
1948. Due serially on Oct. 15, from fered on
July 7—v. 167, p. 2837—
1949 to 1960 inclusive.
The next were purchased
by Russell, Long
highest bidder was the Carleton & Buckholder, of Lexington, and
D. Beh Co., for 2s, at 100.015.
Edw. G. Taylor & Co., of Cincin¬
nati, jointly, the only bidders, at
Silver Lake Township Consolidated
a
price of 102.01, a net interest
School District (P. O.
cost of 2.545%, as follows: $43,000
Ay shire), Iowa
as 2V2S, maturing on Dec. 15, from
Bond Sale Details—In connec¬
1949 to 1960; $80,000 as 2%s, ma¬
tion with the sale of the $35,000 turing from 1961 to 1966, and
$27,construction
bonds
to
the Palo 0C0 as 2V2S, maturing in 1967 and
Alto County State Bank of Em1968, all inclusive.. In addition to
metsburg, as reported in our June the above coupons the entire issue
28 issue—v. 167, p. 2837—we learn will bear interest at 1% from June
at
follows:
as
$90,000 Consolidated School Dis¬
inclusive,
to 1953
est
Sale—The
p.
were
that the bonds were sold
Districts
$185,000 bonds
offered on June 29—v. 167, p. 2515
—were purchased by John Dane,
of New Orleans, as 3V4S, and SVzs,
cost of
provement bonds offered
2
School
con¬
interest
able
school
Center School
: Bidder's
will be required to name the rate
of interest which the bonds are to
bear in
Consolidated
School District No. 25
1962, and $750 Jan. 1, 1963.'
July
Parish
2515—were
14,250 Civil Township bonds. DeW ■ nomination $500 one for
$250.
Due $500 on July 1,
1949; $500
YY Jan. and July 1, from 1950 to
Dated
the
follows:
on
1962,
specify
interest
Jan.> and
to
to
and legal
School Township bonds.
Denomination $500
one
for
1949;
Bidders
rate of interest. The printed bonds
$14,250
;?.# $250.
Due $7,500
Sept. 1, from 1949 to 1968 in¬
opinion to be furnished
by the purchaser; A
certified
check for $3,000 payable to the
4%
building bonds divided
on
net
tion prior to
Iowa
Bond Offering—C. F. Sangston,
Secretary of Board of Directors,
will
a
clusive.
Consolidated
im¬
connec¬
Bid¬
% of
interest
one
Details—In
tion with the sale of the $825,000
and
$7,500
Sale
the rate
IOWA
Attica, Ind,
"
$225,000 school
bonds offered on July 6—v. 167,
p. 2515—were purchased by White,
Hattier & Sanford, of New Or¬
leans, at a price of 100.027, a net
(P. O. Jonesville), La.
electric light plant bonds at a net
interest cost of 1.90%, as l%s, aftd
multiples of
more
INDIANA
Sale
name
rate shall be
of
Bond
1958 to 1967 inclusive.
ders
for
:
JLouisiana
>
Bond
„
1962 inclusive.
conditioned. A certified check for
/;>*
Bond
Dated May 15,
opinion is to be paid for
by the District, the printed bonds
to be supplied by the successful
bidder, and all bids must be so
$15,000 payable to the Township
School Treasurer, is required.
(P. O. Lake Charles),
-
-
Bond Sale—The
Coffeyville, Kan.
struction bonds at
$1,000. Due on Oct. 1, as follows: sealed bids
untill 2 p.m. (CST) 011
$50,000 in 1951 and 1952; $75,000
July 23 for the purchase of $200,in 1953 and 1954; $85,000 in
1955; 000 not to exceed 4% interest
$90,000 in 1956; $100,000 in 1957 memorial
hospital bonds.
Dated
and 1958; $110,000 from 1959 to
March
1,
1948.
Denomination
1961; $130,000 from 1962 to 1964,
$1,000. Due $5,000 on July 1, 1949;
and $135,000 in 1965 and
1967, all Jan. and July 1, from 1950 to
inclusive.
No bid for more than
1956; $5,000 Jan. and $6,000 July 1,
two different rates of interest will
1957, and $6,000 Jan. and July 1,
be considered.
-Moines
2s, and the $290,000 hospital
Anderson), Ind.
to
bids
funding bonds was pur¬
recently by the Iowa-Des
expense
check for $5,000 payable to
the School
will
sealed
Bond Sale—An issue of $198,000
of the School City. No conditional
bids will be considered.
A certi¬
ly,
receive
.
(DST) on
..
Secretary of Board of Education,
-
*,
-
sealed bids until 5 p.m.
July 12 for the purchase at dis¬
count of $150,000 temporary loan
notes. Dated July 14, 1948. Due
School District
Parish
of
take County Sch, Dist. No,
No. 23
County (P. O. Indianola),
1948
Monday, July 12,
.
Calcasieu Parish
Iowa
l3/4%
,
LOUISIANA
1,
bear
to
are
100.29.
Co.,
Warren
;
:
Saugus, Mass.
National Bank &
Trust
Bond
Sale—The $25,000 water
Co., of Des Moiries. Dated June 1,
interest cost of 2.78%. Dated July bonds offered on-Julyv (B^v. ^168,
in multiples of % of J%, and not 1948.
Due,;, serially; on Nov., 1.
15,1948. Due serially on Jan. 15, p. 93—were? purchased by the' Lee
more than one interest rate shall
from 1949 to 1963 inclusive! Ap¬
from 1949 to 1968,4ncl. The next .Higginson ? Corp.,of.. Boston,, asr
be named by each bidder.
The proved as to legality by Chap¬
highest
bidder
was
Newman; l%s, at a price of 100.424, a basis
approving opinion of Ross, Mc¬ man & Cutler, of Chicago.
Brown & Co., at 100.012.'
of 1.513%.
Dated; July 1, 1948,
Cord,; Ice & Miller, of Indian¬
Due serially on July 1, from 1949
KANSAS
apolis, will be furnished to the
Catahoula
quired to
by the Indianapolis Bond
Corp., and the Fletcher
Co., both of Indianapolis,
jointly, for 2s, at 100.615, a basis
Blyth &
CHRONICLE
2.239%.
Due serially on Nov.
from 1949 to I960 inclusive;
Co.^Inc., and
Cpanner Securities Co., Chicago,
jointly, for $500,000 as 2s, at
was
Harriman Ripley &
FINANCIAL
improvement bonds. Dated July
15,1948. Denom. $1,000. Due $40,on July
1, 1949; $20,000 Jan.5
and July 1, 1950; $40,000 Jan. and
July 1, 1951; $50,000 Jan. and July
1, from 1952 to 1956, and $60,000
Jan. and July 1, from 1957 to 1963,
May
The next
&
000
1,
Nov. 1, from
1967 inclusive.
COMMERCIAL
Halsey,
Co., for IV2S, at 100.47.
Northampton, Mass.
* "
Note Offering-—Albina L. Rich¬
ard, City Treasurer,; will . receive
■
Bond
Mich.
(feYY i
Offering—Lewis
Bement,
Secretary of Board of Education,
will
receive, sealed
bids
until
8
(EST) on July 13 for that
purchase of $70,000 not to exceed
p.m.
3%
interest school coupon bonds.
Dated July
$1,000.
1, 1948. Denomination
Due $14,000 on April 1,
from 1949 to 1953 inclusive.
cipal and interest
at the Farmers'
berville.
(A-O)
Prin¬
payable
State Bank, Web*
Rate of interest to be in
multiples of. AA of 1 %. The un¬
qualified opinion of Thrun & Sid*
Volume
well of
168- Number
4715
<
Lansing, will be furnished
able
terest
the District Treasurer, «is
to
'.
•
District
district
assessment
bonds
offered
Oct.
1,
3953 incl. The next
the
was
First of
from
1949
A
er.
Co., of Toledo; as 134s, at a price
oi 100.343, a::net; interest cost Of
1.39%;; Dated July 1, 1948. .Due
on
Michigan Corp.,
and $60,000 as
'
learn
Dated
ceive
proving the legality of the:, bonds.
'."A certified Check for 5% of the
Offering
—
1
Dist.
Creek),
R.
Dated
froni
July 1, 1948. De¬
$1,000. Due on June
1949
to
Stone
1953„ inclusive.
Bidders
or
rates of interest
Rapids)i Minn.
Sale
The
Wallace
State
bonds
sold
were
as
$50,000 general
Redwood County Indep. Sch. Dist.
obligation
intercepting
sewer
No. 23 (P. 0. Walnut Grove),.
bonds offered on June 30—v. 167,
Minn.
p. 2838—were purchased by the
Bonds
Not
Sold—The $35,000
Northwestern National Bank, of
Minneapolis, as 1.90s, at a price building bonds offered on June 29
were not sold.
of 100.50, a basis of 1.834%. Dated
July 1, 1948. Due serially oh Jan.
Willmar, Minn.
1, from 1950 to 1962 incl. The next
Certificate Offering—E. H. Brohighest bidder was the First Na¬
gen,
City
Clerk,
will
receive
tional Bank, St. Paul, for 1.90s, at
sealed bids until 7 p.m. (CST) on
July 12 for the purchase of $100,000
Lakes, Minn.
$45,000 bonds
June 7—v. 167, p. 2409
purchased by the First
National Bank, and the Detroit
State Bank, both of Detroit Lakes,
jointly, as 234 s, at par, as follows:
$25,000 park grandstand bonds.
20,000 park light bonds.
Dated June 1, 1948. Due serially
on June 1, from 1950 to
1969, incl.
Bond
—
fund of 1948 bonds offered
2
were
on
July
purchased by the Citizens
State
Bank, of Barrett, as 3s.
Dated Aug. 1, 1948. Due serially
on Aug.
1, from 1950 to 1959 incl.
Freeborn County Independent Con¬
solidated School District No. 142
Offering
—
C. J. Benson,
District Clerk, will receive sealed
bids until 8 p.m. (CST) on
July 14
for the purchase of $66,991 build¬
ing coupon bonds. Dated July i,
3948. Denom. $1,000, one for $991.
Due on-Jan. 1, as follows:
$2,991 in
1950; $3,000 from 1951 to 1963;
$4,000 from 1964 to 1968, and $5,©00 in 1969.
Principal and inter¬
est payable at any suitable bank¬
ing institution located in the City
of
Albert
neapolis,
Lea; St. Paul
or
Chicago,
or
Min¬
designated
234%
interest
MISSISSIPPI
Benton County (P. O.
Ashland), Miss.
V".*;
Bonds Sold—An issue of
$60,000
234% court house bonds has been
sold
to
Kingsbury' & Alvis of
at a price of 100.175, a
basis of about 2.479%. Dated May
1, 1948. Denomination $1,000. Due
serially on May 1 from 1949 to
Jackson,
i
1963 inclusive.
gality
Interest M-N.
approved
by
Le¬
Charles&
Trauernicht of St. Louis.
Holly
Offering
—
Ruth
Given,
District Clerk, Will receive sealed
bids until 8 p.m,
(MST)
on
July
Aug.rl, 1948.
School
and accrued
District,
Offering
Marjorie
Manquais, District Clerk, will
sealed
(DST)
4%
Le
—
bids
until
8
re¬
p.m.
July 22 for the pur¬
$298,000 not to exceed
on
chase
of
interest
school
regis¬
15,1948.
on July
15, as follows: $15,000 from 1949
to 1967, and $13,000 in 1968. Prin¬
cipal and interest (J-J) payable
tered
bonds.
coupon
Dated July
Denomination $1,000.
Closter
the
at
Due
National
Trust Co., Closter.
Bank
&
Each proposal
must
specify in a multiple of 34 or
1/20 of 1% a single rate of inter¬
bonds.
nished with the opinion of
Dated
June
.
15,
1948.
Amortization bonds will be the
first Choice and serial bonds will
be the second choice of the School
Board.
A certified check for $300
payable to the District Clerk, is
required.,
I
,
m
(Pf O. Carter), Mont.
Bond
bidder
tions of the Board
of
Education.
$5,960, pay¬
able to the Board of Education, is
Summit, N. J.
been
postponed.
The bonds
be reoffered in the Fall.
Fort
Bonds
will
Benton, Mont.
Sold
Not
The
—
$55,000
Bond
offered
Sale—The $301,000 bonds
July 6 — v. 167, p. 2737
purchased by Stroud &
Co., of Philadelphia, and R. W.
Pressprich & Co., of New York,
jointly, as 1.70s, at a price of
100.268, basis of 1.664%, as fol¬
on
were
lows:
to, exceed 4% interest storm
sewer
Bond
,City),iMis8*
y
Sale—The
$80,000 school
July 5 were pur¬
by Scharff & Jones, of
New Orleans, at a net interest cost
of 2.67%. Due $5,000 from 1949 to
bonds offered
on
chased
1964, incl.
Pontotoc, Miss.
v
Bond Sale—An issue of
sewer
bonds
was
cently
$165,000
No.
revenue
&
High Schi Dist*?
IPa O.. Hot Springst
n,3
Mont.
"
Sale—The $50,000 build¬
Bond
f
*
ing bonds offered on July 1—v.
167, p. 2305—were purchased by
J. M. Dain & Co., of Minneapolis,
as 3s.
Dated July 15, 1948.
Due
serially in 20 years, option in 10
years.
Border City Water Dist.i
i
(P.
•
Y.
Bond Sale—The.
$120,000 water
system bonds offered on
July
.
168, p. 94—were purchased
by Roosevelt & Cross, and Hall &
Co., both of New York, jointly, as
2.20s, at a price of 100.537, a basis
of
2.155%.
Due
est
serially
bidder
June
Dated
on
was
1,
1948.
June 1, from 1949
The next
the
Marine
high¬
Trust
Co., Buffalo, and R. D. White &
Hall County School District No. 8
Co., jointly, for 2.20s, at 100.31.
<,i
"(P» O. Wood River), Neb.
Bonds
Not Voted—At
elec¬
an
Clifton Park Common Sch. Dist.
voters
No. 9
(P. O. Jonesville), N. Y.
approved the issuance of $150,000
Bond
Offering—John J. Davey,
tion : held
on
June 22
the
construction bonds.
Chairman
Keith County School District No. 6
ceive
will
of
receive
Board
of
sealed
sealed
bids
until
2
re¬
p.m.
(DST) on July 14 for the purchase
of $110,000 not to exceed 3% .in¬
terest bus garage,
1948
registered
Dated
1948.
bonds.
coupon
or
July, 15,
$1,000.
Due
Denomination
July 15,
on
as follows: $5,000 from
1958, and $6,000 from 1959
1949 to
to
1968
inclusive.
Principal
and
interest (J-J) payable at the First
National Bank of Central Square.
Rate of interest to be in
of
34
or
same
multiples
1/10 of 1% and must be
for all of the bonds. The
Sykes
Trustees,
bids
until
&
Heckler
City will
chaser
of
New
York
be furnished the pur¬
without
check
for
cost.
$2,200
A
certified
payable
the
to
District, is required.
*
Hempstead Vnion Free Sch. Dist*
No. 15 (P. Oi Lawrence), N.Y.
Bond Offering—Helen G. Mc¬
Ginn, District Clerk, will receive
sealed bids until 3.30 p.m. (DST)
on July
15 for the purchase 'of
$106,000 not to exceed 4% interest
land acquisition and
construction
coupon or registered bonds. Dated
Aug. 1, 1948. Denom. $1,000. Due
on Feb. 1, as follows:
$6,000 from
1950 to 1952, and $8,000 from 1953
to 1963, all inclusive.
Principal
and interest
First
(F-A) payable at the
Naitonal
Bank
of
Inwood.
Rate of interest to be in
of 34. or
multiples
1 /10 of 1 %, and must be
the same for all of the bonds. The
approving
Delafield
opinion
of Hawkins,
Wood, of New York
&
City, will be furnished to the
pur¬
chaser
without cost.
A certified
check for 2% of the bonds bid for,
payable
quired.
to
the
District,
is
rer
„
Huntington Ccmmon Sclx. Dist.
No.
—v.
to 1978 inclusive.
NEBRASKA
Waterloo
O. Waterloo), N.
1
7
(P. O. Centerport)}
New
.
Bond
York
Sale—The
issue of $215,building bonds offered July
8—v. 168, p. 94—was awarded to
000
Roosevelt & Cross and Hall & Co.
both
of
1.80s, at
of
New
about
1948
and
1949
to
high
bid
made
by
York, jointly, as
price of 100.14, a basis
a
1.775%.
due
1963
of
Dated
on
July 15,
July
15
inclusive.
100.52
Charles
for
E.
from
Second
1.90s
was
Weigold
&
Co. and George B. Gibbons & Co.
both of New York, in joint ac¬
count.
4 p.m.
(EST) on July 15 for the
purchase of $8,000 not to exceed
New York, N. Y.
Bonds Not Voted—At an elec¬
5% interest building bonds. Dated
Note
tion held on June 22 the voters
Sale
City Comptroller
June 1, 1948. Denom. $1,000.
Due Lazarus
did not approve the issuance of
Joseph
announced
on
$2,000 on Jan. 1, from 1949 to 1952
July 9 the sale by allotment to$45,000 construction bonds.
incl. Principal and interest (J-J)
various banks in the city of $60
payable at the Ballston Spa Na¬ million
NEW HAMPSHIRE
134 %
tax
anticipation
tional Bank, Ballston Spa.
Rate notes of 1948-1949. Dated
July 9,
Franklin, N. H.
of interest to be in multiples of 34
1948 and due $40 million on Oct.
Bond Sale—The $145,000 water
or 1/10 of 1%, and must be the
6 and $20 million on Oct.
bonds offered July 8 —. v.
13, 1948.
168, same for all of the bonds.
The
Note Sale-r-Comptroller Lazarus
p. 93—were awarded to the First
approving opinion of John W.
National Bank and the Lee HigNichols, of Saratoga Springs, will Joseph announced on June 24
ginson
Corp., both of Boston, be furnished the successful bidder. the sale by. allotment to a group
of New York City banks of $20
jointly, as 2 34s, at a price of A certified check for $160
payable
101.321, a basis of about 2.096%. to the Chairman of Board of Trus¬ million
134%
tax
anticipation
Dated July 1, 1948 and due on
notes for the fiscal year 1947-1948.
tees, is required.
Dated June 25, 1948 and due as
July 1 from 1949 to 1968 inclu¬
Collins Water District No* 2,
sive.
Second high bid of 101.14
follows: $2 million Aug. 4, 1948;
Collins (P. O. Collins), N. Y.
for 2 34s was made by C. F. Childs
$2 million Oct. 8, 1948; $2 million
(P. O. Paxton), Neb.
—
& Co.
Bond Offering—Walter L. Cain,
Town
Laconia, N. H.
Bond Sale—An issue of
general
improvement
on
June
28
will
receive
sealed bids until 3 p.m. (DST) on
$225,000 July 12 for the purchase of $16,-
bonds
to
Supervisor,
was
000
not
to
exceed
234%
interest
Whiting, water; 1948
coupon or registered
Boston, as bonds.
Dated July 1, 1948.
De¬
234 s, at a price of 101.09, a basis of
Due
about 2.18%. Due July 1, as fol¬ nominations $500 and $750.
lows: $15,0Q0 from 1949 to 1953 on July 1, as follows: $500 from
inclusive, and $10,000 from 1954 1949 to 1959, and $750 from 1960
&
Stubbs
of
March 18,1949, and $14 million on
June 24,1949. Notes were allotted
to the following institutions in
the amounts indicated:
The
Chase
National
•
;
Bank
of
The City of New York, $3,628,000;
The National City Bank of New
York, $3,092,000; Guaranty Trust
Company of New York, $2,540,000£
Trust Company, $1,368,000; Manufacturers Trust Com¬
to 1968 inclusive.
Second
high to
1973, all inclusive.
Principal pany, $1,300,000; Central Hanover
bid of 100.55 for 2 34s was made
by
Bank and Trust Company, $1,240,the Second National Bank of Bos¬ and interest (J-J) payable at the
000; Chemical Bank & Trust Co./
Bank of Gowanda, Gowanda. Rate
ton.
$1,072,000; First National Bank of
of interest to be in multiples of the City, of New
York, $840,000;
1
\ NEW JERSEY
34 or 1/10 of 1 % and must be the Irving Trust Company, $840,000;
Bank of the Manhattan Co., $800,Delaware River Toll Bridge
same for all of the bonds.
Any
Bankers
•
3,
$200,000
purchased
by Leftwich
Memphis, as follows:
•»'
Sanders County
,
Weeks
School District,
County (P. O,
Yazoo
|
\
York
Offering — Stephen
Farnett, .District Clerk, will:
fur-;
Haw-' approving opinion of Vandewater,
A certified check for
'
$33,000 not to exceed 5%
interest building bonds scheduled
for July 12—v. 167, p. 2736—has
Square),
Bond
the
will be
kins, Delafield & Wood, of New
York City, that the bonds
are
valid and legally binding obliga¬
Sale Postponed—The sale
of the
not
The successful
County Sch. Dist. No. 56 required.-
Choteau
Central
J.
N.
New
Bond
est which the bonds are to bear.
awarded
Bluff
Yazoo
(P. O. Hollandale), Minn.
Bond
exceed
inclusive.
Elk Lake
,
to
Aug. 1, 1948. Denomination $1,000.
Due on Aug. 1 from 1949 to 1956
on
Township (P. O.
Barrett), Minn.
;
Sale
The $10,000 road
not
certificates of indebtedness. Dated
—were
Bond
3s, at
par.
Sale—The
election
an
Beaverhead County School District
No. 21 (P. O. Polaris), Mont.
—
Bank, of
Pelican
Rapids,
jointly.
Dated
July 2, 1948. Due serially on July
1, from 1950 to 1968, aH'incl.
100.277.
At
—
MONTANA
i
by the Fergus Falls Na¬
Bank, of Fergus Falls, and
the J. P.
of Detroit.
Demarest
ceive
held recently the voters approved
the issuance of $58,000 hospital
bonds.
,;/■
to
are
Bond Sale—The
offered
Voted
future.
tional
Austin, Minn.
Detroit
Bonds
Pelican (P. O. R.F.D. Pelican
chased
MINNESOTA
Bond
County (P. O.
Woodville), Miss.
-
re¬
p.m.
The $20,000 toad
and bridge bonds offered on June
30—v. 167, p. 2838 — were pur¬
Bank, Battle Creek; Legality to be
approved
by
Miller,
Canfield,
&
Wilsinson
53
Pay¬ Hastings, Constantia, West Monroe,
Palermo, Schroeppel, Parish,
interest, plus a premium of 34 of
Mexico, Amboy, Cicero, Clay
and Vienna Central School
1%, will be made at the Girard
Trust Co., Philadelphia.
District No. 1 (P. O.
on
ment of bonds at par
$161,000 fire headquarters bonds.
system bonds offered on
140,000 school, series A bonds.
July 1—v. 167, p. 2838—were not
Dated July 1, 1948.
Due serial¬
sold. Due to the fact that the issue
ed bonds and the approving opin¬
ly on July 1, from 1949 to "1968
would exceed the 3 %• debt limit
ion of Dorsey, Colman, Barker,
inclusive. .The next highest bid¬
and was not stated on the ballot
Scott & Barber, of Minneapolis,
der was Harriman Ripley & Co.,
or notice of
election, the proceed¬ Inc., for
both without cost to the purchas¬
$301,000
as
1.70s,
at
ings were ; ruled invalid by the 100.126.
er.; A certified check for $1,000
Attorney-General. Another elec¬
payable to the Village Treasurer,
tion
will be
held in the
near
is required,
NEW YORK
6
k
Bond
Principal and interest (J-D) pay.aJble
at
the
Michigan National
Paddock
8
multiples of 34 or 1/10 of 1%.
The Village will furnish the print¬
Education, will receive sealed bids
until 8
p.m.
(EST) on July 15
for the purchase of $60,000 not to
exceed 3% interest coupon school
nomination
until
in
Rowley, Secretary of the Board of
bonds.
bids
the rate
name
received
Charles
sealed
successful bidder.
rejected.
iNo. 1 (Pi O.Battle
Mich.
William M.
Principal and interest
payable at any suitable bank or
trust company designated by the
These are the bonds
originally offered for sale on May
Bond
—
date thereafter at par and accrued
is required.
Pennfield Agricultural Sch.
Offering
demption
(197)
26 for the purchase of $5,000 not
to exceed
6% interest building
interest.
•
total par value of the bond, pay¬
able to the Tovynship Treasurer,
were
basis of
bonds. Dated June 1, 1948. Denom.
$1,000. Due $5,000 on Dec. 1 from
1950 to 1959,, all inclusive.
All
bonds maturing after Dec. 1, 1953
to be subject to prior payment at
the option of the Village on Dec.
1, 1951, or any interest payment
iPaddock & Stone, of Detroit, ap¬
bids
a
on July 12 for the purchase
$50,000 permanent improve¬
ment
revolving
fund
coupon
State Bank, East Tawas. Bids shall
be conditioned upon .the unquali¬
fied opinion of Miller, Canfield,
all
price of 100.20,
were
(CST)
Principal and inter¬
(J-D) payable at the Peoples
which
certificates
of
of 34 of 1 %.
for
Dated July 6, 1948.
serially on July 6, from 1949
to 1958 inclusive..
as
the
—
Due
Grand
Ainsworth, Village Clerk, will
coupon
1947.. De¬
1,
Due $1,000 on
Dec/ i; from 1948: to 1972, inCl.
Hate of interest to be in multiples
10
of
Lakeville, Minn.
nomination $1,000.
est
In
—
CHRONICLE
of Hazelhurst.
for
.
Bond
revenue
Dec.
a
reported in our
issue—v. 167, p. 2736—we
a
2.442%.
July 14 for. the 'purchase of $25,©00 not 'to" exceed 3 %
interest
.
check
Bank
234s,
as
that
sold at
son, Township Clerk; will receive
sealed bids until 8 p.m. (EST) on
bonds.
National
June 21
Township (P. O.
(Mich*.
Offering—John A. Lar¬
works
in
FINANCIAL
Wiggins, Miss.
-'-•••
The $9,500 street
improvement bonds 3 offered on
July 6—v. 168, p. 93—were pur¬
chased by the Max T. Allen Co.,
Sale
Bond
connection with the sale of $60,000
certificates of indebtedness to the
highest bidder
Oscoda
water1/
bonds
the
Grand Rapids, Minn.
Sale
Details
Rapids,
Bond
the
furnish
Certificate
to
134s, at 100.047:
.
will
$1,340
payable to the District Treasurer,
is required.
First
.
of
certified
for $40,000 as 134 s,
*
all
printed
bonds
and
the approving
legal
opinion of Dorsey, Colman, Bark¬
er, Scott & Barber, of Minneapolis
both without cost to the purchas¬
June 30-—v\ 167, p. 2629—were
purchased by Ryan, Sutherland &
serially
for
multiple of 34 "Or 1/10 of 1%. The
*.
Midland, Mich'.
Sale—The $100,000 special
Bond
COMMERCIAL" &
by the purchaser. Bidders are re¬
quired to name a single rate of in¬
without expense to the purchaser.
A certified check for $1,400 pay¬
required.
THE
<
Ross,
re¬
of
bonds.
35,000 general obligation bonds.
Commission, N. J.
Bond
Sale—A
total
of
$115,000
2%
Easton - Phillipsburg
bridge
revenue bonds, due
Aug. 1, 1961,
have been drawn by lot for re¬
000.
legal opinion to be at the
of
the.
check
purchaser.
for
$320
A
payable
Town, is required.
-
expense
certified
to
the
.
J. P.
Morgan & Co. Inc., $600,000; The New York Trust Com¬
pany,
$580,000;
Bank Trust
Corn
Exchange
Co., $500,000; Bank ot
54
THE
(198)
■
V';v
;,A •
)i
».'.
arid
York
New
Public
National
Bank
53,000
—
54,000
1956
and
56,000
57,000
1957
;
Company, $160,000; United
States
Trust Company of New
Trust
York, $120,000; Empire Trust Co.,
$80,000; Kings County Trust Co.>
Brooklyn, N. Y., $60,000; Federa¬
tion Bank & Trust Co., $40,000;
Fulton Trust Co; of New York,
51,000
1 1955
Brooklyn
$180,000;
Co.,
Amount
-
——
p 1954—.;
The Marine Midland Trust
Company of New York, $200,000;
Commercial
v-
1953
000;
Trust
11995680
Na¬
and Trust Co., $280,-
tional Bank
Year
Avenue
Fifth
The
$360,000;
Bank,
11997886234.
59,000
61,000
63,000
1961.
f
1962
1963
1964..
1965
$40,000; Title Guarantee and Trust
Co.,
$40,000;
the Amalgamated
1932
1966.
_
...
1967
Bank of New York, $40,000.
...
1968^————J—
1969.
Housing Authority,
New York /
New York City
v
Tho¬
that the
1970
F. Farrell announces
mas
1199574860—
025,000
1972...
H 1973...;
1974
1975.
Jacob Riis Houses bonds
which fire
1980—....
direct and general obli¬
1981
gations of the Authority and pay¬
ment of principal and interest be¬
guaranteed by the City of
New York pursuant to a SubsidyGuaranty/ Contract between the
Authority and the City, dated
June.l, 1948. One series of $6,100,ing
will
bonds
000
additionally
be
1199482263—4557—,0::.
secured by a pledge of the sub¬
sidies
payable to the Authority by
the city under the foregoing con¬
tract and certain other funds and
while
the
other
series
of
$4,925,000
bonds .will
be. further secured
of
revenues
the Authority,
extent of the sub¬
by the city pursu¬
ant to the June 1, 1948, contract.
Each series will mature annually
only
to
the
sidies payable
on
July 1,
as
follows;
$6,100,000 Jacob Riis City Houses
bonds, project No. NYC-3.
Dated July 1, 1948. Denomi¬
nation $1,000. Due July 1, as
follows:
Amount
Year
-JI
1949.
-—J
$56,000
1950"1
58,000
"1951--
59,000
62,000
1952
—
——
63,000
65,000
67,000
69,000
71,000
74,000
75,000
78,000
; 80,000
83,000
85,000
87,000
91,000
93,000
1953—--
1956—1.
1957_
j
1958
w
1959
1960,
3961
-
1962.
1963
19641965
1966—
—
.95,000
1967
"
1968—1.
1970-
-
1971
19721973
—
'1974
-
128,000
133,000
136,000
141,000
144,000
>1978
-
1981
1982—
1983
;> 1989—
-
1997
—
1985...—
1986.
135,00'
-
•
Amount
$45,000
—
—
—
invited will be dated
July 1, 1948.
redeemable
the
option Of the
July 1, 1953, or On
any subsequent interest payment
date, as a whole or in part, in
Authority
on
numerical
inverse
order,' at
par
New
York.
,
t.
,
/
ra.te'for /di
issue • J*)
(haying the earliest m?ituriti;es) > t
Each bid may name; one
part of the bonds of either
,
Tivoli, N.
.
Y.
Bond Offerings-John Demboski;
-
,
Village Clerk, will receive sealed
bids
until 3:30
p.m.
(DST) on
000 water
1
rates for jthe^dt
bid may name;
and another, rate or*
but
oalance,
than
more
issue,
July .14 forthe ipprcha^
no
three
for either
must. J;
amount otM*
bidder
each
and
.
rates
system^r-1948 coupon or .specify; irxt, jhis b.id the^
Triborough Bridge and' Tunriet
bonds of each rate, The approving
opinion of Reed,Hoyt &r Washburn "'y-M
New York City, will be. fur-%f;t
of
hished, the purchaser.' A qerti 1 ied »-•«:
check; for $1*700: payable to the' /;
L 'required; i:
Stated
OHIO
Arcahttm, Ohio
;
Bond
.
...
M.; * Baker,. '
Offeringr^S.
Village Clerk, will receive sealed
bids until noon (EST) Jon July 20
ioi^tlte/rpiircliaBe)7o^
street
lighting bonds/' Pa ted Sept. ;¥■<
18^8. ;Denominatioh ;$500. ? Due
$500ibh^March;ahd Sept; J, frbmi5,;
i 949Std; ?1953^;
Authority, N. Y.
Niagara Falls, N. Y.
Note Sale
—
The $517,000 bond
Sells $125,000,000 Tunjiel Bonds
to
RFC—It
is
announced
by
the
.
'
1,
applied to construction costs per¬
taining
to
Jacob Riis
Houses,
project No. NY-5-8. Bids for these
bonds must prescribe a schedule
of the
principal amount to be pay¬
series A a total
bonds, consisting of
$863,000
any
nated series B and sold as
21/£s, to
Administra¬
tion;
Bids may stipulate more
than one rate of interest on the
bonds to be sold as series A. The
Public
Housing
maturity schedule to be set forth
the
entire
$7,200,000 bonds
must be calculated in such man¬
for
from 1949 to
as
main construction* of 1948 bonds
1956, and $3,000 in 1957 and 195?
offered
on < June; 29
were pur¬
Principal and interest (F-A )v pay¬
chased
by the
First /National
able at the Nassau County Na¬
Bank, of Falconer, the only bid¬
tional
Bank,
Roosevelt Branch
Roosevelt. The approving opinion der, as 2V2S, at par. Dated July 1,
1948. Due serially on July 1, from
of Hawkins, Delafield & Wood, of
1949 to 1968, incl. •
New York City, will be furnished
purchaser without cost. A cer¬
the
tified check for 2% of the amount
payable to the
District, is required.
Saratoga, Northumberland, Wilton,
Stillwater, Easton, Fort Edward
arid Greenwich Central
ner as
to
ment bonds.
Due $10,000 on %
: Sept.:,1, from T949 to 1973 in- 1
:
:
elusive^ i These
;i;
Bond
Reidsville, N. C.
Offering—W. E.
bonds
are: j
non-referendum
-
Council
auri;>i
thority bonds. - W I ' ' •*■
500,000 general- hospital-improveH#
ment
bonds.
Due $20,000 on
Sept. 1, from 1949 to 1973 in¬
clusive, -These bonds are non-,^;
.
NORTH CAROLINA
.
of bonds bid for,
,
referendum Council authority
bonds.
!
Easter-
ling, Secretary of Local Govern^
ment Commission,
will J receive
sealed bids at his office in Raleigh,
.
-
..
-
'}■
:
.
500,000 zoological gardens im- y
provement bonds. Due $20,000 *
on Sept, 1, from 1949 to. 1973
'
inclusive..
These bonds are
-
.
School
(P.
District No.
New
Bond
Hughes,
ceive
until
1.
Offering
District
sehled
exceed
York
—
Louise
M.
a.m.
(EST) on July 13
purchase of $85,000. not to
6% interest coupon bonds
non-referendum
11
for the
O.Schuylerville);
divided'
as
follows:
Council
thority bonds.
'
Dated Sept.ri, 1048.
tion $1,000.
Bidders
^
au¬
Denomina-i f
may bid for ^
a different rate of interest in mulwill re¬ $35,000 street improvement bonds.
Due $5,000 on Feb.
1, from tiples of- 14 of i%.. Split rates 3
until 2 p.m.
Clerk,
bids
■
provide for annual prin¬ (DST) on July 21 for the pur¬
cipal and interest charges in the chase of $55,000 not to exceed 5%
or
registered
"49,000 amount of $216,000, which is the interest - coupon
47,000
48,000
is required.
quested: to name the- rates of
terest iri multiples ;of V4of 1
New York City.
Denomination $l,r
at
is¬
A separate bid for each
Bidders are
City;
sue
Vandewater, Sykes & Heckler 01
The series A-bonds will be
000
Legality to, be approved by
of 1 %..
$7,200,000 bonds for which
are now
to
.
the
Year
bids
Bidder
single rate of interest, ex¬
a multiple of lk or 1/10
a
pressed in
,
number of consecutive serial
maturities from Jan. 1, 1949; to,
but not after, Jan. 1, 1969. Bonds
not sold as series A will toe desig¬
4,925,000 Jacob Riis Houses bonds,
project No. NY-5-8.
Dated
July 1, 1948.
Denomination
$1,000. Due July 1, as follows:
name
-
of
225,000
232,000
Bank/ Sqhuylerville.
than the las-
...
shall designate as
219,000
—
; The
all inclusive.
Due1 $5;Q()0 on March 1*
inclusive. Prin-.
Dated Aug. 1, 1948. Denomina^-**
cipal and interest (M]-S) payable tion $1,000. Principal and inter*'*'
at > lthe
Schuylerville
National! est (F-A) payable* in New York
-
.
from 1949 to 1959
maturity -.designated for series E
bonds by the successful bidder,
144,000
148,00
152,000
157,00
189,000
213,000
$1,425,000 of series B bonds
to mature not earlier
1951 * to
from
$2,000
and'$5,000 from lS6r to" J,
1960,
1966,
h. ;1;
a r c
$1,000.
thority authorizing the $7,200,00<
bonds will also authorize an addir
tional
lows:
bonds of 1948.
Dated
1948,
Denomination
building
M
pid-for a different rate, of interest
in*^^a^ multiple' of %^of
No bids - ^
1989
for less thaii par arid, accrued In
anticipation notes offered' on July
Authority that arrangements * for terest. A certified check for $500, SU
1990.
6 were purchased by trie Power
the sale of $125,000,000 bonds to,
payable to the Village Treasurer,
City Trust Co., of Niagara Falls,
the Reconstruction Finance . Cor-: is
162,00
required.
«
at 0.80% discount.
Dated July £
167,000 1948., Due Jan. 9, 1949. The next poration have been;completed.
Brewster, Ohio
Negotiation of financing was in¬
1994...
173,00C
highest bidder was 'the - Guaranty
Note
itiated a year ana a half ago when
Offering — Grace
Smith, ;
1995...
177,00'
Trust Co., New York, at 0.83 %.
it was evident that RFC funds Village Clerk, will receive sealed ,t>;
1996183,000
under original commitments for bids until 10 a.m. (EST) on July
1997
188,000 Orangetown Union Free Sch. Dist.
completion of construction of the 14 for the purchase of $16,000 not
No. 4 (P. O. Nyack), N. Y.
The bonds of each issue matur¬
Brooklyn-Battery
Tunnel
weie to exceed 6% interest notes.- DeBond Offering-—Helen P. Cooke]
ing on or after- July 1, 1954, will
nominations suitable tol the suc¬
inadequate.
be redeemable at the Authority's District Clerk, will receive sealed
The notes shall
The new issue is composed en¬ cessful bidder.
bids until 3:30 p.m.
(DST) on
option on July 1, 1953, or on any
tirely of term bonds. There will run for a period not to exceed
subsequent interest payment date, July 14 for the/purchase of $17,- be
Rate of interest to*
$45,000,000 of 15-year ,2%% three years.
000 not to exceed 4% int; school
as a whole or in part, in inverse
bonds and $80,000,000 of 20-year be in multiples of 14 of 1%. The43
numerical order, at a price of par coupon or registered bonds. Dated
notes shall be sold for not lessmr
3%% bonds.
Denomination $1,and accrued interest, plus the fol- Aug. 15, 1948.
than the par value thereof to the
..Procfiedswillbeused-to^alre
lowing;scale hf premiums: Aipre-s, <£00 3Due bncAug15/ as follows* fund the
$44,000,000 of 4% bonds highest bidder. A certified'check
rnium of 5%3f redeemed on or $3,000 from :1949 to 1951, and $4,outstanding on the Queens Mid-' for $160 payable to the Village, is
before July 1, 1958; 4y2% there¬ 000 in 1952 and 1953. Rate of in¬
town Tunnel inherited from the required.
:
after
to and * including
July 11, terest to be in multiples of % or old New York
City Tunnel Au¬
1/10* of 1% and must be the same
Cincinnati, Ohio
'
^ ;«
1963; 4% thereafter to and includ¬
thority, (b) refund the $57,000,Bond Offering — Henry Urner,
for all of the bonds. The approv¬
ing July 1, 1968; 3lk % thereafter
000 3V2% Brooklyn-Battery Tun¬
ing opinion of Hawkins, Delafield
City Auditor, will receive sealed
to and including July 1, 1973; 3%
nel bonds now outstanding also
bids until noon (EST) on Aug. 2
thereafter to and including July & Wood, of New York City, wil
inherited
from
the
New
York
be furnished the purchaser. A cer¬
for the purchase of $3,000,000 2%
1, 1978; 2V2% thereafter to and
City Tunnel Authority,., (c) pro¬
including July 1, 1983; 2% there¬ tified check for 2% of the amount vide the funds needed for com¬ coupon bonds divided as follows:
after to and including July 1.19»8: of bonds bid for, payable to the
$500,000- general hospital improve¬
pletion of the BroOklyh-Battery
Board of Education, is required.
ment bonds.
Due $25,000 on
1V2% thereafter to and including
TUnhel, and (dj provide $3,500,000
Redhook Union Free Sch. Dist.
Sept. 1, from 1949 to 1968 lnJuly 1, 1993, or a premium of 1%
required for the construction of a
elusive.
These are the bonds
if redeemed thereafter]
Separate
No. 3 (P. O. Tivoli), N. Y.
parking garage north of Battery
authorized at the election held
bids must be made on each issue,
Bond Sale — The $72,000 school
Park.
- in November, 1944.
with the rate or rates of interest 1948 bonds offered on July 1 were
In selling these bonds, the Au¬
to be expressed in a multiple of
600,000
s e w e r
improvement
purchased by E. H. Rollins &
thority has reserved the right to
bonds. Due $24,000 on Sept.
1/4 or 1/10 of 1%. Principal and Sons, of New York, as 2s, at a
repurchase them from the Recon¬
1
from 1949 to
semi-annual interest (J-J) pay¬ price of 100.31, a basis of 1.96%.
1973, inclu¬
struction "Finance' ^Corporation
sive. These are the bonds au-y
able at the principal office of the Dated July 1, 1948. Due serially on
without
premium at any time
thorized at the election held
Bankers Trust Co. of New York, Nov. 1, from 1949 to 1963 incl. The
prior to Feb. 13,1958.
in November, 1944.
the Authority's fiscal agent.
No next highest bidder was Roose¬
bid for less than all of the $11,- velt & Cross, and Tilnev & Co.,
J ; Walden, N. Y.
300,000 grade crossing elemination improvement bonds. Due
1 Bond
Saler—The $8,000 paving
• 025,000 bonds will be considered jointly, for 2.10s, at 100.47.
..
i
and
(registered) bonds offered on July
$10,000 on Sept. 1, from 1949
proposals must be accom¬
Roosevelt Fire District, Hempstead
to 1978 inclusive.
These are
7—v., 168, p. 95-—were purchased,
panied by a good faith deposit in
(Pi, Ot Roosevelt), N. Y.
the bonds authorized at the
the amount of $220,500. The bonds
by the Walden Savings Bank, as
Bond Offering—Carmen P. Ma¬ 2y>s, at a
election held
in
will be approved as to legality by
price of 100.25, a basis
November,
1944.
;
Caldwell,
Marshall, Trimble & rino, Chairman of Board of Fire of 2.395%.- Dated July 15, 1948.
■;
Commissioners, will receive seal-. Due; 'Serially on July 15, from 1949
350,000 general street improveMitchell, of New York City.
ed bids until 3.30 p.m. (DST) on to 1952 inclusive.
;
The next high¬
ment bonds.
Due $35,000- on
Additional Offering — The $7]July 20 for the purchase of $22,000 est bidder was Tilney & Co., for
Sept. 1, from 1949 to 1958 in- "
200,000 bonds constituting; the bal¬ not to exceed 4% interest fire ap¬
3.40s, at 100.07.
;; elusive:
These are the bonds /
ance of the $18,225,000 being of¬
authorized
paratus and equipment coupon or
at
the
election
WeSt 'Ellicott Water District Nog; T,
fered for sale are described as
registered bonds.
Dated Aug. 1
held in November, 1927.
Ellicott■''(P^OMFrilopne0i:~^^A:' 250J)dD'^^ k i r pdi tf improvement"
Housing Authority bonds (fourth 1948. Denom. $1,000. Due on Aug
Bond. Sale—The $5,654.38 water
issue) series A. Proceeds will be
follows: $2,000
1988—..
able annually on Jan. 1, from 1949
to not later than Jan. 1, 2001, and
183,000
payable to the Authority by
the Public Housing Administra¬
tion.
The resolutionssof the\.Aution
139,000
.1987
201,000
-
-
...
of the fixed annual contribu¬
sum
Monday, July 12, 11948
FINANCIAL CHRONICLE
and accrued interest plus a pre¬ registered:bonds*^;Dated;diM
87,000
1948. - Denomination $l,000y Due
mium of 5% if redeemed on-or
89,000
before July 1, 1958; a premium of $2,000 - on July 1^ fr oih 1949 to
92,001
1967 inclusive: Rate; of 4bteteSt to
4% thereafter to and including
95,00f
multiples/^
98,000 July 1,1963/or.a premium of 3% 1% and must be, the same for Mi
if redeemed thereafter. PWncipai
101, OOf
-of the bonds. Principal and inter¬
and interest (J-J) payable at the
104,000
est. payable at .thes First National
principal office of the Bankers
106,000
Trust CO* of/New^ York/ the" Ad^ Bank; Red Hook. The approving
110,000
opinion of Hawkins, Delafield &
thorityrs fiscal agent. "RrOposals
114,000
Wood* ,o£ New York City, will be
must be accompanied by a certfc
117,000
fied check for 2% of the series ^ furrushed to the purchaser with*
120,00
outvcost.v A, Certified; cheek/ for^
bonds bid for. Legality of series A
124,OOf
bonds to be approved by Caldwell, 2% of the amount^bjd;/payable tp
127,00r
the" Village? >is -required.
Marshall, Trimble & Mitchell of
.132,00
206,000
—
1996
149,000
154,000
158,000
163,000
168,000
173,000
178,000
1.
65,000
66,000
69,000
70,000
73,000
75,000
77,000
80,000
82,000
84,000
194,000
——
.1990—
„:
115,000
117,000
122,000
125,000
<1975-
-
99,000
101,000
105,000
"108,000
110,000
1969
—
1971.
Bond Offering—Unairman
Authority will receive sealed bids
at its office, 122 East 42nd Street,
New York
City, until 11 ,a.ni.
(DST) on July 15 for the pur¬
chase of $18,225,000 bonds.
In¬
cluded in the offerings are $11,-
COMMERCIAL &
1951 to 1957 inclusive:.
50,000
,;
parks
bonds.
and
playgrounds
Due on Feb. 1, as fol¬
will not be considered
issue,
may
but.
Hifferen*
on
any one
interest rates 3
be bid for different issues;f'
Volume
168
Number 4715
THE
Approving opinion of the City So- I
will
licitor
furnished
be
be secured at the
pense.
«
purchaser's
:
«
.
.
DaH
klly .Scho°l Dutrict^Ohio
Note
Offenng-C
L. Borghardt,
Clerk-Treasurer of Board of Eduwill
cation
until
sealed
receive
(EST)
bids
July 15 for
the purchase of $600,000 2% special tax anticipation notes. Dated
noon
July
15,
1948.
the bidder
June and
shall
on
DGnoininstion
Due
requests.
$38,000
Co., of Cincinnati, are
for public subscription
be callable as
ss
tVpii*
$37,0001 on
subject to call and
demption at not more than
May 1, 1958
or
or on any
are subject to re¬
inverse numerical
order on* Dec. 1, 1958, or on any
interest payment date thereafter,
at par and accrued interest. Le¬
gality approved by Squire, San¬
order
ders &
interest
date thereafter at par
ancj accrued interest plus a premium of 5% of par if called prior
re-
par,
to Nov.
Dempsey, of Cleveland.
any interest- paying date there- to Nov. 1, 1973; plus a premium
after; those maturing on June la, 0f %% if called thereafter and
1956, may be called Dec. 15, 19,49 prior to Nov. 1, 1978; and plus a
or
;anr interest paying date there- premium of 1 %, if called there¬
after; those maturing on Dec. 15, after and prior to maturity. Ap1955 may be called June 15, 1950 proved as to
legality by Squire,
or
any interest paying date there- Sanders & Dempsey, of Cleveland,
after; those maturing on June* 15,1
: .«
1955 .may ..be called Dec. 15, 1950
North College mil, Ohio
or any interest paying date there0"
Sale-- The $18,284.68
after; those maturing Dec. 15, 19o4 street improvement, special assess¬
ing be 'called June 15, 1951 or ment bonds offered on July 1—
any^ interest paying date there- Xl, i > Pc J? T"W^r» Purc^a®e<^
after; those maturing June 15, by Ryan* Sutherland & Co., of ToiQ^
1954 may hb called rfpp 15, 1QS1 I ledo, as 2s, at a price of 100.202, a
be
Dec. is 1951
r
_
000.
•■
(P. O. Sapulpa), Okla.
Bond Offering — Ray Hudgins,
named
bonds Will be awarded to the bid¬
agent
der
a.m.
offering
interest.
the
lowest
of
rate
bid, is required.:
mov
interest paying date therethose maturing Dec; 15,1
Dec. 15,
after;
1953 may be
or
called June 15, 1952
interest paying date there-
any
after,'and
those maturing June
be called Dec. 15,
1952.
The favorable opinion of
Squire, Sanders & Dempsey of
Cleveland, with a full transcript
of- proceedings
and the printed
15, 1953
may
will be furnished
notes
bidder
cessful
without
the
I
the Board. Purchasers will be fur¬
OREGON
charge.
<\
Spencer, Ohio
j
_
Hamilton
Bond
;
Offering
Donald L
Clerk, will re-
County (P. O.
Brouse, Village
Cincinnati), Ohio
ceive
sealed
bids
until 7 p.m.
-(Wfering—E. J. Dreihs, (EST) on July 19 for the
purchase
Clerk of Board of County Com- 0f
$7(^000 3% street improvement
\
'
sealed bonds. Dated June 1, 1948. Denom.
bids until 10 a.m. -(EST) on July $1,000. Due on Oct.
1, as follows:
20 for- the
purchase of $3,403,- $3,000 in 1949; $4,000 in 1950; $3,426.41 4% bonds divided as fol- 000 in
.1951; $4,000 in 1952; $3,000
will
lows:
receive
*
-
in
1953;
$4,000
in
'
$130,000 from 1949 to 1952,
and
$129,000 from 1953 to
,1972, all inclusive.
A certified check for $31,000 payable to the County Treasurer
:'
r,
J
is
required.
1963; $4,000/ in • 1964; $3,000 in
1965; $4,000 in 1966; $3,000 in
1967, and $4,000 in 1968. Bidders
: to
main
or
sanitary
and
storm
1973, all inclusive.
*
tified
sewers
A cer-
for $2,510 payCounty Treasurer,
check
able to the
"f is required.
of the Village. A certified check for $700 payable to the
Village Clerk-Treasurer, is required.
expense
52,905.31 Sanitary sewers Nos.
505, 509 and water lines Nos.
1
612, 616, 623 and 674 bonds.
j
Denomination $1,000 one lor
$905.31.
follows:
Due on Sept.
$2,905.31
in
Bond
Sale
Details—In
Linn
1, as
19.49; 2%s,
as
issue—v.
to
as
reported in our June 28
167, p. 2840—we now
$2,000 frdm 1962 to 1968, all learn that the actual amount of
; A
certified check bonds sold was $700,000, the
city
for
$530
payable
to r the having decided to withhold delivCounty Treasurer, is required, ery of $150,000 bonds of the auinclusive.
v
'
Dated
Sept.
and
interest
the
County
1, 1948. Principal thorized amount of $850,000 in the
(M-S) payable at belief that the improvements to
Treasurer's
office, the Water Works System can be
financed without the issuance of
may bid for a different
rate of interest in multiples of %
Bidders
the additional bonds,
It is further reported that Roose
taken
& Co., of Toledo, were associated
Squire? ^ Sanders & Dempsey of with the above named in the purCleveland and their opinion may chase of the bonds at 100.73, a
be obtained by the purchaser at basis of 2.669%.
Due as follows
his own expense. No bid will be $14,000 June
1, 1949 and 1950
considered that is not made on $15,000 June and Dec. 1, 1951
Proceedings have been
under the
supervision of
1%.
furnished by
blank
the
County $15,000 June and $16,000 Dec. I
granted
redemption to the date of matur- '
ity of the bonds called for redemption.
Principal and interest
(J-J) payable at the Guaranty
Trust Co., New York City, or at
The $39,000 schoo!
offered on June 29 were
named and not
(EST) on July 20 for the
purchase of $370,000 school cou¬
Due
pon
bonds,
serially in 20
p.m.
bonds
2s.
as
Bated. Aug. „1„. 19484 Due
_
$3,000
on
Aug. l from 1950 to 1962
incl.
PENNSYLVANIA
Doylestown School District, Pa.
Bond Offering — Walter Car
withen, Secretary of Board of
School
Directors,
will
receive
Bond
Offering—Lydia W. KohihpfL- City Auditor, will - receive
sealed bids until 11.30 a.m. (CST)
on
July 14 for the purchase of
$767,000 not to exceed 2J/2% in¬
terest improvement coupon bonds
divided
$11,000 in 1949; $20,000 from
1950
to
1958; $45,000 from
1959 to 1967, and $55,000 in
;
1968. Bonds having stated ma¬
turity dates on and after July
1, 1964, subject to redemption
the option of the City at
par and accrued interest
in
Aug. 1, from 1949
at
to 1959 inclusive. Rate of interest
be
in multiples of Vs of 1%.
bonds are issued subject to
the favorable opinion of Towns-'
end, Elliott & Munson, of Phila¬
delphia. A certified check for 2%
to
inverse
The
of the face amount of
the
bonds,
payable to the District Treasurer,
is required.
District, Pa.
Sale— The $360,000 im¬
provement bonds offered
on July
167, p. 2840 -— were pur¬
chased by a syndicate composed of
Blair & Co., Inc., Fauset, Steele &
Co., Arthurs, Lestrange & Klima,
and S. K. Cunningham & Co., all
of Pittsburgh, as l%s, at 100.564.
a basis of 1.703%.
Dated July 1,
1948. Due serially on July 1, from
numerical
order
on
July 1, 1963.
116,000 airport bonds.
Due on
July 1, as follows: $11,000 in
1950; $10,000 from: 1951 to
1955:
$15,000 in
1956, and
$20,000 in 1957 and 1958.
Dated
July 1, 1948. Principal
(J-J) payable at any
and interest
suitable banking institution desig¬
be
nated
or
received
by Mayor Joe P.
until 6 p.m. (EST) on
July 21 for the purchase of $140,-
Gaines,
000
sewerage
1,
1948.
bonds.
Dated July
Denomination
$1,000.
follows: $4,000
S.
-
Dak.
ity of the bonds will be approved
by Caldwell, Marshall, Trimble &
Mitchell, of New York City, such
check for
$600,000 build¬
ing /bonds ^offered on July 8-r-v.
167, p.: 2840-^-were purchased by
C. J. Devine & Co., of New York,
from
1951; $5,000 from
1952 to 1954; $6,000 from 1955 to
1957; $7,000 from 1958 to 1960;
$8,000 from 1961 to 1963, and $10,-
supply improvement No. 109 notes
offered on June 21—v. 167, p. 2631
and Dec. 1, 1958; $18,000 June and
000 from
$19,000 Dec. 1, 1959; $19,000 June
sive.
1, from 1949 to 1958 inclusive. The
next highest bidder was Halsey,
purchased by the First
Cleveland Corp. of Cleveland, as
l%s, at a price of 100.26, a basis
of 1.268%. Dated June 15, 1948.
Due June 15, 1950.
v- -»
and Dec. 1, 1960; $19,000 June and
$20,000 Dec. 1, .1961; $15,000 June
and $13,000 Dec. 1, 1962; $15,000
June and $14,000 Dec. 1, 1963
$16,000 June and $14,000 Dec.
able
County (P. O.
Elyria), Ohio
Note
Sale —The
1
$31,060 water
—were
I
£
Giles County (P. CL
/ Pulaski), Tenn.
'•'.'«••
Bonds
held
Voted
June
on
the
proved
—
24
At
an
the
issuance
election
voters
of
ap¬
$250,000
Henry County (P. O. Paris), fenn.
Bond Sale—The $500,000 school
bonds offered
on July 6 were pur¬
by a syndicate composed
of the Equitable Securities Corp.,
Webster & Gibson, Temple Secur¬
ities Corp., Jack M. Bass & Co.,
all of Nashville, jointly, at a price
of 100.044, a net interest cost of
2.64%, as follows: $300,000 as 2^s,
maturing on Aug. 1, from 1950 to
1961, and $200,000 as 2%s, matur¬
ing from 1962 to 1969, all inclu¬
sive.
Dated Aug. 1, 1948.
chased
Nashville, Tenn.
Bond Offering—W. M.
City
Clerk,
will
Carr, Jr.,
receive
sealed
bids until 7.30 p.m. (CST) on Aug.
3 for the purchase of $1,050,000
on
July 1,
1949
as
to
1964 to
1968,- all inclu¬
Principal and interest
.
at
the
Bank & Trust
Central
pay¬
Hanover
Co., New York City.
Purchasers will be furnished with
the printed bonds and an opinion
of their validity by
Huger Sinkler,
and
as
the
First
National
Bank
..
v
interest
cost
July 1,1948.
Stuart
&
of
1.38%.
Due serially
Co.,
Paine,
Dated
on
July
Webber,
Jackson & Curtis, arid Northwest¬
ern
National
Bank,
Minneapolis,
jointly, for V/2S, at 100.309.
purchaser without
certified check for
A
$21,000 payable to the City Treas¬
urer,
is required.
White County (P. O.
&
Co., of Sioux Falls, jointly,
1.40s, at a price of 100.06, a net
the
to
charge,
Trust
Lorain
$24,000 payable to
the City, is required.
nished
.
Bond Sale—The
Due
v
rate
rates
1, 1954; $16,000 June and
$17,000 Dec. 1, 1955; $17,000 June
and Dec. 1, 1956; $17,000 June and
$18,000 Dec. 1, 1957; $18,000 June
,
one
The legal¬
the
by
Rate
1952 and 1953; $16,000 June and
■
than
successful bidder. not to exceed 4V2% interest street,
designated by the alley and sewer of 1948 bonds.
Successful bidders in multiples 01 Dated June 1, 1948.
Denomina¬
1/4 or 1/10 of 1%.
The City wil1 tion $1,000.
Due on June 1, as
furnish the purchaser with the follows:. $75,000 in 1949; $25,000
printed bonds and the approving from 1950 to 1953; $28,000 from
legal opinion of Dorsey, Colman, 1954 to 1958; $32,000 from 1959 to
Barker, Scott & Barber, of Min¬ 1963; $35,000 from 1964 to 1968;
neapolis, without cost. Bids shall $38,000 from 1969 to 1973, and
1950 to 1970 inclusive.
The next
be submitted separately for the $42,000 from 1974 to 1978, all in¬
highest bidder was Halsey, Stuart
two issues and each bid must
be clusive.
Principal
and
interest
& Co.v and Asphden, Robinson &
unconditional.
A certified check (J-D) payable at the City Treas¬
Co., jointly, for 17/ss, at 101.189.
for 2% of par value of the issue urer's office, or at the Chemical
for which bid is submitted, is re¬ Bank & Trust Co., New York City,
SOUTH CAROLINA
at the option of the holder. The
quired.
Central, S. C.
approving opinion of Chapman &
Bond Offering—Sealed bids will Sioux Falls Indep. School District,
Cutler, of Chicago, will be fur¬
-v.
Dec.
Commissioners.
more
maturity.
hospital construction bonds.
$651,000 water and sewer bonds.
Due
on
July 1, as follows:
July 20 for the purchase of $55,000
on
follows:
as
for any one
fied
Aberdeen, S. Dak.
,
sealed bids until 8 p.m. (DST) on
$5,000
Bank,
opinion to be furnished the pur¬
chaser without charge.
A certi¬
SOUTH DAKOTA
—
purchsaed by the Bank of Shedd
National
Hamilton
the
Chattanooga, at the option of the
holder.
Registerable as to prin¬
Great Falls School District No. 6,
cipal only. Bidders shall name the
Chester County (P. O.
rate or rates of interest in mul¬
Great Falls), S. C.
tiples of ^ or 1/10 of 1%. Split
Bond1 Offering — J. R. Gladden.
rates of interest may be bid but
Secretary of Board of Trustees; not more than three rates
may be
will receive sealed bids until 2
County School District No. 37
(P. Of Shedd)* Ore.
Bond Sale
Bond
mortgage revenue bonds
Braun, Bosworth & Co., Inc.,
4% of par value, from the date of |
years.
connec-
tion with the sale of the $850,000
fjrst
$3,000 from 1950 to 1961 and
P
Cottage Grove
for $220,000 as
Lock Haven School
Wooster, Ohio
01
is
fraction thereof,
premium not to exceed
said
but
bids will be
conditioned upon these opinions.
A certified check for $7,500 pay¬
able to the County Treasurer, is
required, '
bid for a different rate of inimprovement coupon bonds. Dated
terest in multiples of V4 of 1%.
Aug. 1,1948. Denomination $1,000.
Payable at the office of the legal Due
may
line depository, presently the Farmers
Savings Bank, Spencer. The apbonds.
Denomination $1,000 proving opinion of Squire, Sandone for $521.10.
Due on Sept. ers & Dempsey, of Cleveland, to% as follows: $10,521.10 in gether with the printed bonds will
1949, and $10,000 from 1950 be furnished the purchaser at the
trunk
250,521.10
of
Associates,
3%s, at 100.37.
Sinkler,
Unless permission
otherwise
1954; *$3,000
$3,100,000 new main county dis- in 1955; $4,000 in 1956; $3,000 in
trict library building series B 1957; $4,000 in 1958; $3,000 in
bonds. Denomination $1,000. 1959; $4,000 in 1960; $3,000 in
Due on Sept. 1, as follows: 1961;
$4,000 in 1962; $3,000 in
1
Bank,
Huger
and
Charleston.
for each year,;or
the
of
1948. 4
1,
tion, plus a premium of V4 of 1%
on
Commissioners
of
County
inclusive. Dated July 2, 1948. The
next highest bidder was the First
-
missioners,
Board
—
Bond
opinion
July
crued interest to date of redemp¬
printed bonds and
their validity. by
John I. Cosgrove, attorney for the
Douglas
and
or
may
as
nished with the
an
National
rates
such other paying
be named by the
successful bidder and agreed to by
County School District
No. 130-C (P. O. Sutherlin),
Oregon
Bond Sale—The $220,000 school
bonds offered on July 2 were pur¬
{fa?i
A,
Dated June
chased
J? 1-966%. Dated June 1,
1, United by Blyth & Co., and the
States National Bank, both
PUi0St?jv1 If oft iDec- 1,'from of
$
•
mu
Portland, jointly, at a
1949t
all inclusive. The 100.055, a net interest price of
cost
oi
,5 or
& Co., for 2Y^s, at 101.148. 3.424%, as follows: $110,000 as
3y4s, maturing on July 2, from
North Kingsville, Ohio
1950 to 1959, and $110,000 as 3^s
Bond Sale—The $17,000 storage
building construction bonds of- maturing from 1960 to 1969, al
& Co., of Cleveland,
sue-
or
Dated
$1,000. Due on July 1, as
follows: $45,000 in 1950; $46,000 in
<
1951; $47,000 in 1952; $49,000 in
1953; $51,000 in 1954; $52,000 in
1955; $54,000 in 1956; $55,000 in >Z
1957; $56,000 in 1958; $59,000 in
1959; $61,000 in 1960; $62,000 in
1961; $64,000 in 1962;. $66,000 in
1963; $68,000 in 1964; $69,000 in
1965; $71,000 in 1966; $73,000 in
1967; $75,000 in 1968, and $77,000
in
1969.
Bonds
maturing from
I960 to 1969, shall be redeemable
at the option of the City after 30
days' puolished notice on any in¬
terest' payment date, in inverse
numerical order, at the principal
'
amount thereof, together with ac¬
Denom. $1,as follows:
rate
a
^
Denom.
by the bidder.
Principal
(J-J) payable at the
York City,
„
fered on July 2—v. 167, p. 2738—
were purchased by Hayden, Miller
at
receive sealed
(CDST) on July
of $1,200,000
2%% interest elec¬
revenue; series B cou¬
bonds.
pon
Chemical Bank & Trust Co., New
.
any
July 15,
a.m.
the purchase
tric power
and interest
A certified check for 2%
of the amount
15, 1948.
on
interest
aear
(CST) on July
12
for
the
purchase of $4,500
building bonds.
Due $600 from
1951 to 1956, and $900 in 1957. The
„
or
Due
for
not to exceed
$10,000 from 1949 to 1951; $20,00i
in 1952, and $30,000 from 1953 to
1962, all inclusive. The bonds will
District Clerk, will receive sealed
bids until 10
20
Chairman of Board of Coun¬
ty Comissioners, will receive seal¬
ed bids until 11 a.m. (EST) on
July 22 for the purchase of $350,000 -% general
obligation
bonds.
Dated July
will
bids until 11
E. H. Robert¬
—
TENNESSEE
Mayor,
son,
son,.
OKLAHOMA
Creek County Sch. Diet. No. 34
f
1, 1963; plus a premium of
14%, if called thereafter and prior
to Nov. 1, 1968; plus a premium of
3% if called thereafter and prior
provided however, that those notes
which
mature on Dec. 15, 1956
may be called on June 15, 1949 or
Bond Offering
55
Chattanooga, Tenn.
Bond Ottering — Hugh P. Was- ',
County (P.O.
Charleston), S. C.
in
fS-f ;£>}
i;
bids
Charleston
in 1962 to 1970
in part
nurxiGficsl
permis¬
granted,
payable to the Town Treasurer, is
required.
payment
Said notes
be
whole
a
intrnr,<;'G
Unless
otherwise
is
shall be conditioned on this opinon.
A certified check for $3,000
1969, and $20,000 June and Dec. 1,
1970. All of said bonds maturing
demption
(199)
Charleston.
of
sion
$16,000 June and $15,000
1, 1965; $17,000 June and
$16,000 Dec. 1, 1966; $18,000 June
and $16,000 Dec. 1, 1967;. $18,000
June and
$17,000 Dec. 1, 1968;
$19,000 June and $17,000 Dec. 1,
3%%
first.v mortgage
I water works revenue bonds. Dated
May ! 1948 Denom. $1000. Due
on Nov
, as foilows: $3 000 from
1951 t0 1955; $40oo from 1956 to
1972, and $5,000 from 1973 to 1982,
aj[ inclusive., Bonds maturing on
Nov. 1, 1958, and thereafter shall
Dec. 15, from
on
1956 inclusive.
1^49 to
offering
CHRONICLE
FINANCIAL
1964;
| $133,000
"7 7.:
,
&
&
Dec.
Ohio
Bonds Publicly Offered—Kline,
Lynch
ex-
-J'l.
»
-
Morrow,
without
Any other opinion must
charge.
COMMERCIAL
Sparta),
Tenn.
Bond Sale—The $100,000 school
bonds offered on July 5 were pur-»
Nashville Securi¬
and the First
National Bank, of Memphis, joint¬
ly, as 3s, at a price of 100.10, a
chased
by
ties Co., of
basis
of
1948.
Due
the
Nashville,
2.916%.
serially
Dated
on
July 1,
July 1, from
1949. to 1958 inclusive.
Additional
Sale
—
The $60,000
2739—were
'
$3,500 2%% school house bonds.
Due $500 on April 1,? from
ville, and the First National Bank,
of Memphis, jointly, as 23/4S, at a
price of 100.20, a basis of 2.71%,
Ut
1949
- •
30,000 public builldings bonds.
1955 inclusive.
to
.
'
Dated
July 1, 1948. ? Due se¬
July 1, from 1949 to 1958
inclusive.
The next highest bid¬
rially
1959 to
1962; $3,000 from 1983
to 1969, and $4,000 from 1970
on
'
ties Corp.,
Securi¬
Cumberland
the
was
1977 inclusive.
to
:
•
der
Nashville, for $100,000
school house bonds.
$5,000 on April 1, from
4%
30,000
Due
3s, at par, and $60,000 as 3s, at
par.
'V
as
1978 to 1983 inclusive.
■
Dated
Denomina¬
tions $1,000 and $500.
All of said
bonds maturing from 1964 to 1983
are optional on April
1, 1963, or
TEXAS
Cedar
Indep.
Bayou
1
Sch. Dist.,
Texas
Konds
•'/,
■
Offered
Publicly
'
—
The
Eddleman-Pollok
Co., of Houston,
is offering for public subscription
$200,000 bonds divided as follows:
on
May 1, 1948.
date thereafter.
to legality by McParkhurst
&
Crowe
of
interest
any
Approved
Call,
as
Odessa, Texas
Bond Offering—John R. Wilson,
$10,000 from 1959 to 1960;
$11,000 from 1961 to 1963;
$12,000 in 1964; $13,000 from
1965 to 1967, and $14,000 in
City Manager, will receive sealed
1968.
divided
June
on
15,
"
\
>
as
82,000 2%% school house bonds.
Due on June 15, as follows:
$7,000 from 1949 to 1951; $8,-
y •
:
000 from 1952 to 1954; $9,000
and $10,000
from 1955 to 1957,
1958.
in
Principal
Dated June 15, 1948.
and interest
(J-D) payable at the
Bank,
Houston.
National
First
.Legality approved by Chapman &
Cutler, of Chicago.
V
Eagle Pass, Texas
■
issue
Sale—An
Bond
of
$225,-
Pierce & Co. and
Robertson & Pancoast,
both of San Antonio, jointly, as
Rauscher,
Dewar,
follows:
sewer
extension
street
improvement
3y4%
$125,000
*
and
fol¬
lows: $2,000 in 1949; $3,000 in
1950; $5,000 in 1951 and 1952;
Due
bonds.
as
$5,000
from
1958; $6,000 in 1959;
1954 to
;
July 1,
1953;
in
$4,000
4
on
$7,000 in 1960; $8,000 from
to 1966 and $10,000 in
1967 and 1968, all inclusive.
100,000 3% sewer extension and
"street
improvement
bonds.
Due $10,000 on July 1, from
;
-
|y 1961
1969
.are
optional at
par
and accrued in¬
1, 1963.
Principal and interest (J-J) pay¬
Mercantile
the
2
exceed
as
interest
4%
bonds
follows:
<
All of the notes are dated Aug.
1965;
1967,
26, 1948, except the New Orleans,
La., notes, which are dated Aug.
19, 1948, and all notes are due on
Feb. 25,
1949 except the Wash¬
Pa., notes which
11, 1949.
ington,
Feb.
on
,
Bid
140,000 City Hall bonds. Due on
April
1,
as
follows: $5,000
from 1949 to 1951; $6,000 from
1952 to 1956; $7,000 from 1957
to 1961; $8,000 from 1962 to
1965; $9,000 in 1966 and 1967,
and $10,000 in 1968.
Dated Aug. 1, 1948.
Denomina¬
Principal and interest
(A-O) payable at the Mercantile
National Bank, Dallas.
The pur¬
tion $1,000.
chasers will be furnished with the
opinion
approving
McCall,
of
Parkhurst & Crowe, of Dallas.
certified check for $20,000
to the
A
payable
City, is required,
Rankin), Texas
Not ISold—The
Bonds
park improvement bonds offered
July 1—v. 167, p. 2840—were
on
not sold.
Due Feb.
i Dated
Sept. 7, 1948.
Due
.
Dated
Feb. 25,
Sept.
(44th
1948.
13,
1949.
599,000 Seattle, Wash. (19th se¬
ries).
Dated Sept. 7, 1948.
Due Feb.
25, 1949.
794,000
Seattle
Wash.
(20th
series).
Dated Sept. 7, 1948.
Due
'
VIRGINIA
sealed
1957; $105,000 in 1958 and
1959; $110,000 in 1960 and 1961;
$115,000 in 1962 and 1963; $120,000
from 1964 to 1967, and $125,000 in
Callable in the inverse
order
of
their
nu¬
numbers
after 12 years.
Bidders are re¬
quired to specify the rate of inter¬
est in multiples of Vi or 1/10 of
No bids for less than par will
be accepted.
The approving opin¬
ion of Wood, King & Dawson, of
Housing Authority New York City, will be furnished.
Local Housing Units Schedule
;:;V.; <;. ±•
\ '
- r<- - .v.V
■;
Henrico County Sanitary Districts
Fairfield Independent School Dist., Note Offerings—Sealed bids have
(P. O. Richmond), Va.
Texas
been
invited
by
various
local
Bond Sale—The $390,000 bonds
Bond Sale—The $36,000 school
housing
authorities
throughout
offered on June 30—v. 167, p. 2740
house bonds offered on June 17 the
country, the sales of which
—were
purchased by
Scott &
—v. 167, p. 2520—were purchased
will take place on July 13, Aug.
of
Richmond, as
by R. A, Underwood & Co., of 3, and Aug. 17, for temporary loan Stringfellow,
j
Dallas,
at
a
interest
net
cost
of
3.4138%. Dated June 1, 1948. Due
serially
June
on
1, from 1949 to
1973 inclusive.
High
Sch.
Central
is
subscription
vided '
Offered
as
offering
$475,000
—
of
The
Texas,
for public
bonds di¬
follows:
$156,000 2 %% school bonds.
on
July 1,
as
Due
follows: $12,000
from 1949 to 1958, and $18,000
in 1959 and 1960.
July 1,
as
from 1961 to
follows: $18,000
1977, and $13,000
in 1978. All of said bonds
*
j
turing from 1964 to 1978, are
redeemable on July 1, 1963, or
any
interest payment date
thereafter, at
r
ma-
par
and accrued
interest.
321,000
308,000
12,957,000
1,249,000
Asbury Park, N. J
—
Cleburne, Conway Faulk¬
ner Lee; Lonoke, Mon¬
roe, Perry, Phillips,
Pope, - Prairie, Stone,
Van Buren,
Woodruff
Decatur,
White and
210,000
Cos.,, Ark.--
1,486,000
111.
Jersey City, N. J
6,076,000
452,000
966,000
331,000
940,000
Lubbock, Tex.
McKeesport, Pa.
Meridian, Miss.
Middletown, Conn.
350,000
2,091,000
Orlando, Fla.
St.
Dated July 1,
1948.
Principal
and interest (J-J) payable at the
Mercantile National Bank, Dallas.
Approved as to legality by Dumas,
Huguenin & Boothman, of Dallas.
:
1 Jj> 379,000
-
August, Ga.
Baltimore, Md.
Bremerton, Wash.
319,000 3^4% school bonds. Due
on
Opening July 13, 1948
Albany, Ga.
Investment Co.
Dallas,
Bid
Dist.,
Texas
Bonds Publicly
of
aggregating $90,422,000. De¬
tails of these offerings, including
names
of the issuing authorities,
principal amount of issues, follow:
Rural
Hereford
notes
Clair
County, 111
All of the notes
5,
1948,
except
are
the
Wash, notes which
are
dated Aug.
Bremerton,
dated Aug.
2, 1948, and all of the issues are
due Feb. 11, 1949.
.
Texas
Bonds
Publicly
Offered—R.
Bethlehem, Pa.
A.
Underwood & Co., of Dallas, are
Opening Aug.
3,
$
1948
907,000
City
s
Clerk,
will
M. Hamilton,
receive
1,190,000
for
New
3,198,000
to
•
sealed
July 12
the purchase of $1,487,000 not
exceed
6%
interest
public
bids until 2 p.m. (EST) on
Erie, Pa.
Orleans, La.
C. Thomas,
receive
will
sealed bids until 10 a.m. (PST) on
July 29 for purchase of $6,000,000
not to exceed 6% interest munici¬
pal light and power,
LL-1
Due
bonds.
follows:
$40,000
<
-
entire
■*-
■
issue
•
-
may
or
to name not more
as
be split
than two
rates, but there shall be no more
than one rate of interest for any
Registerable as to
maturity.
one
on
in
1948 series
Aug.
1,
as
1953; $57,000
in
nati,
—
Ed¬
Co., of Cincin¬
G. Taylor &
offering for public sub¬
are
scription $99,000 4% water works
bonds.
Dated March 1,
1948.
March 1,
on
Due
.(Denomination $1,000.
follows: $2,000 in
as
1950; $3,000 from 1951 to
1951 to 1959; $4,000 from 1960 to
1965; $5,000 from 1966 to 1970;
$6,000 in 1971 and 1972, and $7,000
in 1973.
All of said bonds ma¬
1949 and
turing in 1959 to 1973, are callable
at
and acprior
105,
to
March
1,
at
103
1964; at 102 to 1966; at
101
to
1960; at 104 to 1962;
and
1968, and at par there¬
Principal and interest pay- /
at the
office of the State
after.
able
in
1960; $182,000 in 1961; $200,000
in 1962; $223,000 in 1963; $245,000
at the
in
Peck, Shaffer & Williams of Cin¬
cinnati. *
'
/v./?'/
WISCONSIN
in
1968; $461,000 in 1969; $519,000
in 1970; $787,000 in 1971; $672,000
in
1972,
and
terest to
be in multiples of
of
1%, and not more than one rate
to be named by each bidder.
The bonds will be approved as to
is
legality
by Wood, King & Daw-
Son^ of New York City.
Martinsburg, W. Va.
will
Carl L.
Wellinger, until 7 p.m. (DST), on
July 19 for the purchase of $1,400,000 not to exceed 6% interest
water
and
bonds.
by
sewer
Dated
Mayor
revenue
June
1,
follows:
La Crosse,
coupon
1948.
school
J
to
De¬
Bidders shall name a rate or
rates of interest (but not exceed¬
ing two different rates of inter¬
est) to be borne by the bonds, in
multiples of y4 or 1/10 of 1%. The
may
receive
will
Clerk,
interest
3%
exceed
bonds.
Dated July? 15,
1948. Denom. $1,000. Due $43,000*
on July 15, from 1949 to 1958 inch
Principal and interest (J-J) pay-*
able at the City Treasurer's office.,
building
All
bid
interest rates
'j
t!
j
/j
be iru
must
multiples of y4 of 1%/and no bid
shall specify more than one rate?
of interest.
The bonds will be di¬
/
opinion will be furnished to the
successful
of the
bidder
the
at
expense-
-The purchaser shalV
furnish the printed bonds at his
own
expense.
A certified check:
for $10,000
payable to the CityTreasurer, is required.
City.
Due on June 1,
$25,000 in 1950; $26,-
in
rate
j
Wis,
j
WYOMING
Goshen County
ijn 1951; $28,000 in 1952; $30,000 in 1953; $32,000 in 1954; $34,000
in
1955;
$36,000 in
1956;
named
J
|
sealed!
bids until 2 p.m. (CST) on July
16 for the purchase of $450,000 not
City
000
$38,000
$41,000
to legality by
Offering —F. L. Kramer,
Bond
nomination $1,000.
as
as
general obligations of the?
City and are being issued subject:
to the approving opinion of Chap¬
man & Cutler, of Chicago, whichs
Bond Offering—Sealed bids
received
Approved
rect
WEST VIRGINIA
be
Chase National Bank, New
York.
in; 1973.
$659,000
Commission, or at
Sinking Fund
whole or in part on
as a
<
crued interest if called on or
1954; $73,000 in 1955; $90,000
1956; $108,000 in 1957; $126,000
in 1958; $145,000 in 1959; $162,000
1964; $265,000 in 1965; $289,000
1966; $313,000 in 1967; $384,000
j
1, 1958, or any interest
thereafter
date
order
numerical
inverse
in
March
on
in
in
f
revenue
No.
School District
(P. O. Yoder), Wyb.
Offering—Vernon
Clem¬
10
Bond
Clerk of Board of School
Trustees, will receive sealed bids:
until 10 a.m. (M$T) on July 26;
for the purchase of $30,000 not to>
ens,
exceed
interest school bonds.
3%
Dated July 1,
1948. Denomination*
$1,000. Due $3,000
1949
to
on
Principal
terest,
July 1, front
inclusive.
1958
for less than par and
No
bid
accrued in¬
and
interest:
(J-J) payable at the Citizens Na¬
tional
Bank, Torrington.
tified
check
for
5%
of
A certhe
"j
bid,,
payable to the District Treasurer,,
is
required.
Lusk, Wyo.
Sale
Bond
—
The
$40,000 sewer
extension bonds offered
28—v.
167,
chased by
p.
2740
—
on
June?
were pur¬
the State, the only bid¬
23/4s.
der,
as
Due
Dated July 1,
serially
on
1948*
July 1, from 194$>
1968 inclusive.
to
CANADA T;
/
Canada
Treasury
City.
Newport News, Va.
.
.
Bid
Offering—W.
Comptroller,
1957; $39,000 in 1958;
in 1959; $42,000 in 1960;
$44,000 in 1961; $46,000 in 1962;
$48,000 in 1963; $50,000 in 1964;
$52,000 in 1965; $54,000 in 1966;
follows:
$56,000 in 1967; $58,000 in 1968;
$200,000 Sanitary District No. 3 $61,000 in 1969; $63,000 in 1970;
bonds, as 2.60s, at a price of $65,000 in 1971; $67,000 in 1972;
101.104, a basis of 2.515%. $69,000 in 1973; $71,000 in 1974;
$73,000 in 1975; $75,000 in 1976,
Due serially on July 1, from
and $77,000 in 1977.
The bonds
1950 to 1978 inclusive.
90,000 Sanitary District No. 7 maturing in 1954 to 1977, shall be
bonds, as 2x/2s, at a price of callable prior to maturity at the
100.853, a basis of 2.42%. Due option of the city, in whole or in
serially on July 1, from 1950 part, but in inverse numerical
order if less than all, on June 1,
to 1973 inclusive.
50,000 Sanitary District No. 2 1953, or on any interest payment
after 30
days'
bonds, as 2.10s, at a price of date thereafter,
100.002, a basis of 2.09%. Due published notice, at the price of
serially on July 1, from 1953 par and accrued interest plus the
following premiums if redeemed
to 1963 inclusive.
in the following years:
4% in
50,000 Sanitary District No. 6
V
33/4%
in .1954; 3V2% in
bonds, as 2V2s, at a price of 1953;
100.722, a basis of 2.432%. 1955; 314 % in 1956; 3% in 1957;
23/4% in 1958; 21/2% in 1959; 2V4%
Due serially on July 1, from
in 1960; 2% in 1961; l3/4% in 1962;
1950 to 1973 inclusive.
'
/
'
iy2% in 1963; 1V4% in 1964; 1%
Dated July 2, 1948.
The next
in 1965; 3/4% in 1966; %% in 1967,
highest
bidders
were:
Masonand y4% in 1968, and without pre¬
Hagan, Inc., for $200,000 as 2.60s, mium in 1969 or thereafter. Prin¬
at
1C0.13,
$90,000 as
2.60s, at
cipal and interest payable at the
100.13, $50,000 as 2.60s, at 100.10,
office of the State Treasurer or at
and F. W. Craigie & Co., for $50,the option of the holder at the
000 for 2.40s, at 100.40.
First National Bank, New York
Bond Offering—A.
Meridian Indep. School District,
Seattle, Wash.
Bond
in
merical
Blyth & Co., for 2y2s.
published at least twice in a daily
newspaper in New York: City and
in a paper in Seattle. Rate of in¬
Public
Federal
was
next highest
The
inclusive.
bidder
L.
1951; $90,000 in 1952 and 1953;
$95,000 from 1954 to 1956; $100,000
July 1, 1948.
Due
July 1, from 1949 to
days' previous notice of the city's
intention to redeem the bonds,
bids
until 8 p.m. (EST) on July 14 for
the purchase of $2,000,000 school
bonds. Dated July 1, 1948.
De¬
nomination $1,000. Due on July 1,
as
follows:
$85,000 in 1950 and
receive
on
:
Mumma, Clerk of County School
will
&
Aug. 1, 1958, or on any interest
payment date thereafter, at par
and
accrueds interest,
upon
30
Chesterfield County (P. O,
Chesterfield), Va.
Bond
Offering — Helen
Board,
1958
$40,000 electric
on July 6
offered
Dated
serially
Callable
Feb. 25, 1949.
"J,?*,
2V8s.
City
County of), Calif.
series.
the
so
ward
96—were purchased by
Stein of Seattle, as
p.
111.
7,150,000
San Francisco
(City
;
and County of), Calif. (43rd
series).
Dated Sept. 13, 1948.
Due Feb. 25, 1949.
1,194,000 San Francisco (City and
1%.
STATES
168,
Bramhall
Due Feb.
372,000 Rock Island County, 111.
Dated Sept. 7, 1948.
Due Feb.
required.
Moorefield, W. Va.
Publicly Offered
11, 1949.
25, 1949.
5 and
bonds
be
purchaser with*
out charge. A certified check for
$28,000, payable to the city, is
Bonds
Blaine, Wash.
Bond Sale—The
County,
Madison
City, whose legal opinion will
furnished to the
principal only.
;
.
legality by Caldwell, Marshall1,
Trimble & Mitchell, of New York
to
WASHINGTON
—v.
549,000
,
revenue
Opening Aug. 17, 1948
.
UNITED
clusive.
due
are
$1,664,000 Allegheny County, Pa.,
(32nd series). Dated Aug. 27,
1948.
Due Feb. 11, 1949.
1968.
$225,000
1963;
.
1968.
National
Bank, Dallas. Approved as to le¬
gality; by Chapman & ; Cutler of
Chicago.
1961;
approved as
The bonds will be
Dated
bonds.
coupon
.'Monday, July 12, 1943
■ i
,
$62,000 in 1952;, $64,000 in
$66,000 in 1954; $68,000 in
$69,000 in 1956; $71,000 in
$73,000 in 1958; $75,000 in
$76,000 in 1960; $78,000 in
$80,000 in 1962; $83,000 in
$84000 in 1964: $87,000 in
$89,000 in 1966; $91,000 in
and.- $93,000 in 1968, all in¬
1959;
764,000
1,701,000
Wilmington, Del. ..i—
.
1949; $59,000 in 1950; $61,000 in
in
96,000
:
-
.
Aug, 1, 1948. Denomination $1,000.
Due on Aug. 1, as follows: $58,000
171,000
147,000
:
Feb. 25, 1949.
$860,000 water works and sewer
improvement bonds... Due on
April 1, as follows: $31,000 in
1949; $32,000 in 1950; $33,000
in 1951; $34,000 in 1952; $35,000 in 1953; $36,000 in 1954;
$38,000 in
1955; $39,000 in
1956; $40,000 in 1957; $42,000
in 1958; $43,000 in 1959; $44,000 in 1960, $46,000 in 1961;
$47,000? in
1962; $49,000 in
51963; $51,000 in 1964; $52,000
in 1965; $54,000 in 1966; $56,000
in 1967, and $58,000 in
building
1951;
1953;
1955;
1957;
^
,*r
Washington, Pa.
p.m.
Upton County (P. O.
maturing from 1964 to 1973
at
to
not
All of said
terest on' and after July
able
21
1978 inclusive.
to
Dated July 1,1948,
bonds
until
(CST) on July
for the purchase of $1,000,000
purchased recently
000 bonds was
by
bids
11)
Shreveport, La. (series
12)
So. San Francisco, Calif.
1948.
follows:
Due
?
Portland, Ore. J
1,367,000
ShreVeport, La.* -(series
2,000,000 Allegheny County, Pa.
(33rd series). Dated Sept 7,
Dallas.
school house bonds.
$118,000 3%
-■
990,000
1,405,000
775,000
.
5,500 3%% school house bonds.
Due on April 1, $1,500 in 1956,
and $2,000 in 1957 and 1958.
61,000 3 3/4% school house bonds.
Due on" April 1, $2,000 from
follows:
$30,000 road bonds.
Newport, R. I
Paterson, N. J.
Philadelphia, Pa.
offering for public subscription
$100,000 bonds divided as follows:
July 5—v. 167, p.
purchased
by
the
Nashville Securities Co. of Nash¬
bonds offered on
as
COMMERCIAL & FINANCIAL CHRONICLE
THE
? (200)
50
of
on
(Dominion of)
Bills
Sold—An
:
■*'
issue
$75,000 treasury bills was sold
July 8 at
0.412%.
an
average
yield of
Dated July 1, 1948.
.be uniform for Oct. 10,1948.
Due
;
@FedFRASER