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ADIU
Horary
i'l
•••' :i\
.
'
■
■
A •%
16
MONDAY
"The Commercial
tf/f
Financial Chronicle
Reg. U. S. Pat. Office
.Volume 164
New York, N. Y.,
Number 4507
Price 60 Cents
Monday, July 15, 1946
Copy
a
General Corporation and Investment News
RAILROAD
PUBLIC UTILITY
-
iate—
registration statement with the SEC
lor 169,991 common shares (no par).
Underwriters, A. G. Becker &
Co. Inc.; P. S. Moseley & Co., and Shields & Co.
Company is offering
to common shareholders rights to subscribe for these shares on the
basis of one share for each 10 common shares held.
Proceeds will
be used to redeem in October the 30,000 3hares of 4%
cumulative
preferred stock at $10? a share, requiring a total of $3,210,000, ex¬
clusive of unpaid dividends.
Balance will be vailable for general cor¬
porate purposes^-r-V. 163, p. 1997,
The company
July 9 filed a
on
INSURANCE
-
Aero Chemical Products Corp.—Makes Loan to Affil¬
Abbott Laboratories—Registers With SEC—
>;
INDUSTRIAL
-
.
'
'
Co.
announcement
loan
was
July
on
P
by
James
J.
Vice-President.
Flannery,
made from funds received by Aero through its recent
at
purchase
This .corporation has loaned to its
affiliate, Cleaveland Labora¬
tories & Manufacturing Co. Inc. (New York) the sum of
$100,000 to
pay off
the latter company's
bank indebtedness, according
to an
The
financ&
1945
working capital.;
'
underwritten.
is not
Issue
>'V;
%
;•
*
district
he
underwriters
at
to
stockholders
its
Stock and Bond Quotations
with the
statement
of $200.
The
warrants
the
in
their
in
interest
r
&
Manufacturing.-
'
Baltimore
;
Stock
Chicago
National
Agent—Manufacturers
&
———-
2,
1943.
garded
as
a
Company
Stock
—
Pittsburgh
Stock
-J—
1.
Bank
of
-
Delaware.
in
May 1939.
operations
Office
1944
On
have
been
in
the
general
same
line
of
business
2, 1943, Acme Industries, Inc.
(Del.)
Industries, Inc. (Mich) was dissolved as at
Aug.
of
309
Curb
Exchange—
—.
_
The
Delaware
corporation
exception
tcok
corporation
the business,
of
certain
the
liabilities
and all
certain
assets,
real
from
over
July
predecessor
cash and
estate,
operations
certain
Stock and Bond Averages———————
welded
pipe for refrigeration.
haul
296
ammonia
and
coolers
other
and
and
convection
allied
tube
,
Federal
($1
par)
:
loan
of
$60,000
inventory;
500,000 shs.
($161,500)
by
a
Outstanding
will
chattel
be
used
mortgage
on
to
discharge
certain
a
items
SALES & EARNINGS—The operations of
the-company for the fiscal
July 31, 1944, and July 31, 1945, and for the nine months
years ended
1946,
30,
are
as
follows:
•
'"*•
Prof, before
Net Sales
-i-
1946
(9
moS.)
As
of
May
amount
of
Taxes
$1,500,976
r——
—v
1,
•
•
1946,
the
$1,548,577.—V.
NEW
1.091,407
3,64,715
had
a
•
back
.
log of
:
orders
..."
163, p. 3277.
For
STOCKS, INC.
INVESTMENT FUND
HUGH
W.
ON REQUEST
LONG and COMPANY
INCORPORATED
48 WALL STREET
NEW YORK 5
:'
:V
.
■■■■!;:>
•:
•
.
-
•
losses
U.
airline
S.
Since
regularly
mail
air
the
mail.
have
from
company's
by
air
1937
operations
Post
1,
July
sustained
operations
to
up
$5,500.
mail
'
rate
pursuant
is
conducted
mail
by
has
since
May,
service
express
in
out
and
other
of
cargo
and
Day.
The
all
the
1,524
adjacent states.
established during
experimental
and
designed, assembled and
equipment, aircraft arresting
accessories
of
machine
earlier
short-
a
extends
now
five
was
Air
Division.
operated
which
company's
the war It
Pick-Up
aeronautical
Substantially
V-J
the
Air
the
Development
1939,
Pennsylvania
During
and
divisions,
two
Manufacturing and
and
towns
grew
pending
now
'
Division
121
applications
to
'
for
the
United States
contracts
war
shops
and
other
Army
cancelled
were
equipment
of
this
such
other
to
products
solicit
manufacture
or
contracts
such
be adapted.
may
although
other
of
parts
it
or
and
has
some
contracts,
and will
subcontracts, for the machining
products
for
which
its
^
facilities
•
SUMMARY
OF
EARNINGS
'
9 Mos. End.
321
:',
t
'■
634 SO. SPRING ST.
*
LOS ANGELES 14
Corp.—-Expanding Into
'-H
good
a
>f:Mar. 31,'46
i
Air
Mail
Years Ended
J-—
Jpne 30
-
1945
1944
$489,240
$615,997
$555,895
$513,576
560,930
696,067
539,536
487,870
*$80,070
$16,359
Dr2,120
15,380
i'
Air Transport Division:
-W'":■■■V:
1943
•
Operations:
v
■
r
Canada—New
&
Oper.
exp.
revs.
expenses
—
Inc. .from Govt,
,
The
duct
of
new
years
many
a
entering
Admiral
business
35,516
74J15
the
5'
____
*$71,690;
tlils corporation has considered the. ad-
'
the
Co.
of
generally
Canada being
similar
to
formed
that
now
will,
therefore,
operated
by
::
Operating profit- /
Manufacturing Division:!
Sales
of
equipment
-
2,919,047
2,502,358
$200,542
$312,507
$416,689
$4,083
$128,852
.
Total oper. profit—
.Deductions
■
3,067,285
2,754,778
$230,317
$448,428
$37,777
38,117
3hl
36,863
34,246
52,300
::i
94,000.
the Canadian company's stock' at $3 per share.
issue has Just been filed (see below).—V. 163,
new
p.
>'
2809.
.
>
taxes.n.-
for inc.
Appro.
to
post-war
oth.
$99,454
$178,182
Admiral
Corp.,
With SEC— :
.
'
of
,
Canada,
Ltd.,
Toronto—Registers
-
July 8 filed a registration statement with the SEC
150,000 shares ($1 par).common stock.
Underwriters, Dempsey &
The
company
on
con.
plied
as
follows:
twin-engine
engine
approximately
■
$38,435
net
proceeds
(1)
approximately
aircraft
aircraft
!
8,561
12,950
50,000
'
Surplus——.
PURPOSE~The
:
;
for
reserve
&
264,428
260,345
:
186,000
'
The
7,988
,
$33,694
1,570,988
Operating profit
•
Frov.
ing to
$31,739
1,771,530
Admiral
Admiral Corp. will own 100,000 shares of the new Canadian company*
and will offer to their present stockholders the privilege of subscrib-
V
')
&
Cost of sales & servsV
:
Corporation in the United States, making available radios, phono¬
graphs, radio-phonograph combinations, refrigerators and other, appli-
*$82,190
*$71,690
*
con- s
$25,706
serv.
contractsT- ■
- $3 135
in
Operating profit
Unit
Canadian market.
The corporation has
received requests from over 400 dealers and distributors in radio and
electrical
appliances seeking an opportunity to manufacture or to
purchase radio and refrigerator electrical equipment to be sold in
Canada under the trade name "Admirfcl.'.'
\
visability
for
DIVERSIFIED
PROSPECTUS
air
<
glider
Mail
Net Profit
$35,100
117,300
90,000
152,816
company
YORK
Prov. for
Fed. Taxes
$38,235
:
'1,622,431
___
of
.
of
mortgage
ended April
—
1.
u
operations
approximately
department.
continue
•
■
190,000shs.
r
balance to be applied to the reduction of the other
$200,000 secured by an assignment of accounts receivable.
will thereupon be discharged.
of
chattel
.
....
;
the
bank loan
The
secured
and
of
System—-
Reserve
\
...
Admiral
t
proceeds
the
the
paid
of
5,
development
Division are
adaptable
for job
shop
machining
and
light
metal
forming which would include the manufacture of other proucts wholly
..unrelated to aviation;,' Company has no plans for the manufacture
to Issue Stock—
Company has a funded debt in the amount of $50,000 represented
by an unsecured promissory note payable to the Weatherwax Invest¬
ment Co.
The note is due Jan. 15, 1948.
'
,
<
PURPOSE—Net
4V
-
of
revenues
March
the
started
<
,
Authorized' x
stock
mail
.
-
Common
Statement of Member Banks
which
compensation
transportation
air
with
1938
share.
per
v
condensers, heat exchangers, oil"
coolers,, liquid receivers,
water
unit
products.
its
serves
Navy.
of
as
Foreign Exchange Rates—
———
318
Federal Reserve Banks-——-—321
Condition
in
system
Manufacturing and Development Division
war
and
269
327
Redemption Calls & Sinking Fund Notices— 317
Dividends Declared and Payable——— 317
The Course of Bank Clearings—.—
315
CAPITALIZATION GIVING EFFECT TO PRESENT FINANCING
:
S
shell
Freon
forced
to
Pick-Up
and
devices
State and City Bond Offerings and Sales
The principal products which the
company manufactures are welded pipe coils,
air-conditioning coils,
finned coils, Freon shell and coil condensers, evaporative condensers,
separators,
from
organized
was
business
express
the
to
Transport
^produced
General Corporation and Investment News-
item the company and its predecessor has
consisting of major items utilized
frigeration and in air conditioning.
Air
miles
Miscellaneous. Features
this small beginning on a single
developed a line of products
in commercial and industrial re¬
of
Air
research
Prom
and
for
the' CAB.
The
the
N
1,155
share.
per
Los Angeles, Calif.
Co.,
(par $1) at $9.75
speculative venture.
as a
company's business
Transport Division and the
since
,
Trust
next,
stock at $12.50
cents
5
company's
The
investment
to
;.
The
with the
California
31,
preferred
amounting
1946, company's losses from air mail operations for each
of
April and May 1946, after giving effect to tax
applicable to the current fiscal period, are estimated to
adjustment
Transactions New York Curb Exchange-—- 296
inception of the business in 1919, the business consisted of
pipe fabricating shop, the principal product being continuous
the
Aug,
on
convertible
months
before
_—
Transactions New York Stock Exchange—- 296
the
small
a
position
r
derived
amounted
314
31, 1943.
Michigan
securities.
At
Oklahoma
'
future prospects depend in a large measure ,on its
ability to obtain additions to existing air mail and air express feeder
routes, to obtain new routes in other areas and to obtain favorable
311
—_
Markets
redemption
Substantially all the
addition
31,
The
.
310
—
In
the
have
—
maid
company's
reductions
313
organized
was
at
commenced
air
are
the
March
309
Exchange!
1.
309
Exchange^,309
original business was conducted by the Acme Welded Pipe &
Coil Co.
(Mich.), which was formed Aug. 11, 1319.
Thereafter the
name
of
such
company
was
changed on Oct.
11,
1935,
to Acme
Industries, Inc. (Mich.).
Present company and predecessor Michigan
Acme
for
dividends
,
Department
losses.
The
1919.
the
which
Manager,
as
v'?'
BUSINESS—Company
It
feeder
Over-lhe-Counter
Detroit.;,; Regis¬
&
a
308
_
Toronto Stock Exchange—
accrued
2429.
p.
in
Toronto Stock Exchange—Cmb Section----
was
incorporated in Delaware
on a business which might be rebusiness originally established in 1919.
a
163,
307
308
Exchange--——_
Exchange
called
60-cent cumulative
plus
of
Montreal
Offered
its
COMPANY
Stock
St. Louis Stock
V
of
307
Philadelphia Stock Exchange
Acme
has
company
The stock is offered
306
—
Exchange—
Los Angeles Stock
carries
continuation of
and
of
Manager
as
Detroit
1.
000 shares of common stock
———-306
Stock Exchange
Cincinnati
BUSINESS—Company
August
corporation
briefly
to
p.
All American Aviation, Inc.—Stock Offered—Van Alstyne, Noel & Co.> and associates on July 3 offered 100,-
(Stocks)-.—,.--285
Cleveland Stock Exchange
Detroit Stock Exchange
trar—Equitable Trust Co., Detroit.
HI8TORY
1940
164,
Payment will be made
—V.
Exchange-----———-- 306
Boston Stock Exchange
or :
{
Acme Industries, Inc., Jackson, Mich.—Stock
Transfer
serving
in
held.—V.
*/ \
^
(Bonds)—
297
New York Curb Exchange——
——301
—Stoetzer, Faulkner & Co., Detroit, in June offered
40,000 shares of common stock (par $1) at $5 per share.
-
V'
l
New York Stock Exchange
their exercise
proportion as
same
'VV'W
V;
New York Stock Exchange
investment.
pay current
for
' V £ *
I
Montreal
Electric
After
returned
share,
per
Y.—Registers With SEC
aggregate price
an
£#iTfce
are being acquired
Of the net proceeds ($292,940)
$50,000 will be used to
bank loans; about $20,000 will
be used for machinery and equipment, and the remainder for working
capital.
Corporation last June 1 succeeded to the business of Acme
JElectric & Manufacturing Co. by issuing to the latter company 2,000
shares
of
preferred and 201,120 shares of common
stock.
Acme
; Electric & Manufacturing
will be dissolved and
company
will dis¬
tribute all of the preferred and common stock of Acme Electric Corp.
underwriters
the
he
since
Aireon Manufacturing Co.—Partial
Redemption—
Issue
4 V;"v
-
Underwriters, Herrick, Waddcll & Co., Inc., and First Colony Corp.
Stock will be
offered publicly at $5 a share. ; Company will receive proceeds from
the sale of 68,880 shares
and four selling stockholders will receive
proceeds from the sale of 63,860 shares.
The company also will
receive proceeds from the sale of 20,000 warrants for common stock
the
1931.
in
has
shares
'
company on June 26 filed a registration
for 132,740 shares
($1 par) common stock.
shares of common stock issuable upon
In This
-
\S T,
v7
-
Acme Electric Corp., Cuba, N.
to
Vice-President of The Ohio Chemical
a
Mfg. Co., a subsidiary. He has been affiliated with the parent com¬
since 1919 and was appointed Assistant Manager of the Detroit
pany
t
The
by
purposes.
on
jp.-"; '
SEC
stock initially to its common stock¬
the proceeds, $75,000 is earmarked for
equipment, and tools, Jigs, dies and fix¬
Of
and
G. J. Dekker has been elected
ing.—V. 163, p. 3277.
June-24 filed a letter of notification with the
SEC for 295,000 shares ($1 par) common stock.
Offering price, $1 a
share.Proceeds
are
to
be used
for expansion,
property payments
and
this
offer
share.
a
machinery
^
is-::i:
Air Reduction Co., Inc.—New V.-P. of Unit—
district,
company
$3
of
tures; balance will be available for corporte
Ace Gold Mines, Inc., Lewiston, Ida.—Files With SEC
The
will
Company
holders
,
MISCELLANEOUS
-
to
$320,000
for
$16,266
will be ap¬
purchase
of
four
replace
the
company's obsolescent. singleused in its
Air
Pick-Up operations,
(2)
to replace that
amount
recently
expended
presently
$160,000
(approximately $854,185)
THE COMMERCIAL & FINANCIAL CHRONICLE
from
small stores located in western Pennsylvania are
twin-engine aircraft, ;
of two
purchase
the
for
capital
working
service
the
prior
spare
,
A
operations
by the. CAB.
transport
EFFECT
GIVING
CAPITALIZATION
FINANCING
PRESENT
TO
Outstanding
Authorized
'
each are as follows:
to be purchased by
of shares
v
Clayton. Securities Corp.-/
Eastman, Dillon & Co.---
ft
J.
Co.
Bonbright
B.
D.
George
•
Bradford
C.
Securities Corp.—
Middlebrook——,
Clayton
&
Coburn
Cohu
Co.—
&
Mead,
:
2,000
2,000
——
^
Wi
Grimm
J. B.
Co.
&
Grubbs,
! 2,000
'*"
Inc
S., Robinson
The
ties
&
Webster
Co.
.————
O: H.
•
;
of
&
WXYZ
station
radio
Securi-
>
Walker
&
at
&
Co.—
.
.
<■
.rf
registration
statemtnt
;'!
art
are
is
\
,
,
.
••
States.
-
'
■
.
•
-
and
the
...
18)
(held June
meeting
recent
possible
to
is
i
always
rtot
companies in exact alphabetical
are always as near alphabetical
arrange
However, they
order.
position
possible.
as
•
-
'
u.ed- to
each
and.
others
to
share/' Estimated' nek .,v,
equipment," govern*
a-
purchase
operating expenses,'
Applica-f
_
highways totaling
over 80p miles in length have
previously announced routes on which the Bell
provide mooile radiocelepnone-service
announced
company
July
on
to rvenicles. >■ t, h
applications have beea
that
10
made to the Federal Communications Commission ior
transmitter-receivers
=miltef-receivers
struct
and
New
York;
Buffalo
along
ajong
and
authority to coni
the highways between Washington
Washinetoii
York, via Albany^, and Los Angeled
New
-
of
the
board
qf
York system.
wm
yionae
When completed and
ramotJiey»io..e
servicd
.to properly-equipped car«< trucks,' buses; boats and trains*'dperaflngfc-i'"/j :anyw.here. along or near.the antire route between Boston and Washings £
*
.
,
The
New
York-Albany-Buffalo-route
is
the'third
highway
major
in the thickly populated eastern part of the country on which radio-
directors of
station, in
the"
White
near
Rochester
New
Plains,
and
transmitter-receivers
York,
Poughkeepsie, Albany,; Fonda,
Lunalo.
Application
for
are
to
be
Utica, Syra-j
authority
construct
to
System; Jts radiotelephone equipment,-however, will be similar to «(ncl
wiU operate as a unit with the Bell stations,'
.
serve San
vehicles on the heayily, traveled highway between Los An*
and1
*
•
•
-
"
1
1
-geles
Of Pittsburgh—Registers
:
°
«
Co.,
—^
-
.•
Diego,—transmitter-receivers
Wilson
and
Mt
Mt;
:
Woodson,
■locations
will ce erected yon Mt»7
respective cities. From those two
possible to cover the entire 125 miles
the
near
will
it
cornmanamg ioc
*1*1
"
;
I
i"
■
it
reasons
of; 1,000. shares
eaph. at" $25
be
V
**'
>
■
*
American ~ Cladmetals
.
With
chandising.->-V. 163, p. 2989.
mechanical
for
System plans to
Hardy, Stancliffe' and^^ Hardy.-and also; a'director; of Edward Ermold
.
-
sewing machines for the initial time in the company's 55 years of mer-^
NOTE—For
■,
the transmitter and receiver at Fonda, will be. made by the Upstate
Telephone Co., which'operates In, that, area., .This is an independent
company whose te.ephone- iacilicies"connect; with tnose- o* i.4e Bell
'
618-page, 2% pound ibook^which Is more than 100 pages iarger
half-pound heavier, than the comparable 1946 catalog—features
The
and a
Corp.—Regikera
expired term.of. William L. Stancliffe, resigned) -\\
Mr.
gtevenson
is President, member of the executive committee
arfd a director of ACP.
Mr. Farrell is a member of the law firm1 of "
..
throughout, the
being mailed to more than 1,500,000 customers
now
shares
will
subject to approval of the Federal. / ah extension of the Boston to New
balance will be added to general
licensed, the two iLignivfty systems
The
^
Cp. of New York City.—V. 164, p. 1.
missing from store shelves since Pearl Harbor,
back in the expanded. 1946 fall catalog of this corporation which
onu
t-
United
-
'
.
Indemnity
-,
cusq,
items,
Numerous
Bankers
Snares are to be offered to institii-
minimum
400
Three ,more_ intercity
added to the two
with the
;
2,500;
—
,
Aldens Inc.—Mails Fall Catalog—
•
of
been
.j&
,
these points and 27
_
the
tion with FCC ior;Mobile Radiotelephone Stations Along
Three More Highways—
i,
.75
4.25,
—_
Company—
vr
Detroit,
163, P. 2573. / T
,,
,
._
with
tit e
same
American Telephone & Telegraph Co.—Files
; 4.25
Co,——1.25
American Car & Foundry Co.—Elections by Unit
■
the
Research & Deve!opment
$4,893,000
bonds
ment
| ",75i
Watling, Lerchen & Co.—
Commission.
Communications
funds.—V.
At
1 /,'»
f;
recently elevated to Secretary of this comi
was
agreements on March 31,
The remainder will be offered publicly.'On the New Yorkf-Washington highway, it is planned to'build trans*
the not proceed*,
the. company - will 'use;'^$4,000,000 to prepay \' mitUng, and, reqei.mgrin/at^ns-near New br,una wick,;phliade»pflia,£ Wild
2%
notes,' due O-.t.' 14, 1947, and about $2,800;000 for * acquisition //.mington, Baltimore and Washington.
Those facilities will constitute
this
ir
*
Of
•
operating over fts route to
110C
area.-r-V. 163, p. 3125.
ii.,:
§
"v
•(
*
'
given
Corp.^__--_—4.25
2.25
June-2J filed, a
of
addition,"to
i_
been
now
minimum
a
proceeds
located
now
y&O,£*••{•>
'
,
.
.
Makes Application
in
a
v
.
and San Diego.
Permits to build transmitters and receivers for 4iigh«
SEC for 950.000 shares ($1 par) common stock. Underwriter D|Hon,y
Read & Go.,. Inc., .New- York., ,Ai maximum .of .Z00,Q00,. shares of the ;' i .way. mobile radiotelepnone- seryice bei.weeu New York and Bot»Wn ancf
stock being registered may be sold by the company to persons, firms, I
between Chicago ana St. Louis aheady have been granted and conk
/r:,pj, Corporations wRh-whouy the corporation V^hadrvhetfork.-v-'crffUiaiion-rv.v^Atrkctlob'^'lhosdrscations is under way,' \
•
j
2,000
3k000
2,000
—-■
Cqmmon,; Dann
„Vietor,
;1'
t
Biosser—.
&
Sutro' & Cq.
Rutter, -who <
has
in'estors. at.a
at
.50
Swiss American Corp.Union Securities Corp.___
--
company ;„on
'<
-
1500
*
-
Si
Taussig, Day St Co., Inc.^4
and
Lane, Space
Inc.-——
Co.,
'
Stone
American Broadcasting Co., Inc.—Registers With SEC
2,000"
3,000
—
Co
Putnam & Co "
Straus
& Co.——
Johnson,
,
& Co,—
Paul,
The
1,500:
1,000
———
V,
.
and Harriman Ripi'ey & Co., Inc.
4.25"""'
Smith, Barney & Co.—
Brqs. &. Boyce— i/*
•*
Inc. —---4--^—£--> 2,000:
Herbert W. Schaefer & Co. v 1,000-
Co——
.&
Hanrahan
Co.——
&
;
v
n=
Stedn
4.25
1,
>~V;> 164, p.
1,500
& Co.——
Moore & Co.
Co.,
2,000
1,500
-i.-——
Scott
Hanauer
T.
k !,<?%
' "The company *on July 2, 1946, filed a registration statement Witl>
the SEC for 200,000 shares ($1 par)..; Unaerwriters, Eotaoi*uu«c & Cqi;
*0e
t
,1.25
Frederick
.
.
-Chicago
2.000
first; Southwest -Coi-u—1,000
Co.
v
£*07"""""
,2.25
»,
jn
&
,
r
White, Weld & Cow—
Miller
'
,
'
American
-
The Wisconsin
Prescott*&
L
P,. Rothschild
iTsimnn
Wertheim
>
V .n/**
;
;A> I* /.wl. £ u ^
•
4.25
Inc.
F
Ii.
2.25
.50
Weeks—-
&
;75
*
& Co.-,.—-—
Hornblower
*
t
t-insurance ;Ccr. of if^warlti the] American's 'casualty »ftiiiate.~V( 163L
i.23
5,00
4,46
,
Browning & Co.— '
Newbufger & Hano———.
&' Co.—.-'2,000
Doolittle, Schoellkopf ; "Co.
2,000
First ■ ,S?cnyities
Co.
of
/ •
./Cv
'
,
.
J.
pany,
■
Reynolds & Co,—
K»'Her. Pen.body"& Co.—
v
Ne.son,
©empsey
'
Hirsch
3,000
6,000
;Reinholdt
4-azard jbieres &jCo.——
Moroney, Beissner
2,000
2,500
bo.,'
—
■
£
•
-50
Kuhn, Loeb & Co—-—,-
Berwyn
Torrey——J—" 2,500
&
Inc.
&
RiP;ey
Harriman
*
2.25
:
Piper; Jaffray & ,Hopwood
AiftQardnerLii^
.
1.25
Hemphill, Noyes «Ss Co._—
Henry Herrman $c Co:-—
Cox&iJ&r
Curtis
Co.—2.25
&
2.25
2.25
Northwest'
{
Paine, Weboet, Jackson'&
4.25
Parsons & Co.__
Hallgarten
Beane_ll
I
;
■■■
■
Unit—-"
Lynch, Pierce,
&
doors
work;
18,000
fy American'Insurance Qo.,1 JVewjrk, N. J.—Secretary oi
.75..
———--1,500
inc.
2,000
" ."
Walter & Hurry
Bingham,
Corp.--.,
;>'••■,:
I,
}-••
■-
Moseley &
Pacific
Inc,-uwi£i^^:>.50
Nolan
■
k
iMeAiister, ..Smith <fe Pate,
12,000
Co
&
First Boston
Graham,
?No." of shs."
Lemon & Co,—
Robert-C. Jones & Co.
Johnston,
Francis I.
Courts
The
S.
F.
.50
; 4.25
4.25
Goldman, Sachs & Co._
t
Nd. of shs.
-
Alstyne, Noel & Co.-'- 12,000
du Pont & Co.— 12,000
Van
1
■
:
St
$$
Fenner
.75
.75
Folger,
,
%
Loeb, Rhoades
detail
and
,
<
—
Merrill
.75
Inc.-
M.
CO."
Baker, Weeks & Hardens- \ .75
Bear," Sterns &♦ Co.-,—^ Al.25
A. 0»; Becker & Co. Inc.—
2.25
Blyth & Co., Inc
.'4.25
J. C. Bradford *& Co
iv /■ -50
;*l.000,000 shs. ^1513,660 shs.
*15,000 shares have been reserved for sale at $12 per share to
Robert M
Love
President pursuant to an option agreement; 7,319
shares remaining from
an original reservation of 20,000 shares
are
presently reserved for sale to employees and officers of the company..,
tAfter giving, effect to the Issue of the 100,000 shares now offered
and 3,590 shares offered and sold in May,
1946 to employees and
officers.
V
' "
'
UNDERWRITERS—The names of the underwriters and the number
Carl
?
1.25
Bacon, Whipple & Co._--V
($1 -par)--^---wv^-i--^ A
stock
Common
and Co.
Allyn
C.
:
7.50
Bache &
balance of
of its air+-;
in the ev'ent the company Is granted new routes
:';v■'A-v
The Blessing, and Giddens .operation is known as a
special
mill, .specializing in stairways,; frames, cabinet work and special
windows,, and .is equipped for all types Of commercial mill
\It occupies ,a one-i'tory, brick building, encompassing mure than
square feet of floor space,;
<r •, .•
■>'; >
Greeny
be^taken by each are as fo.lows:
%
'
.'
4
>.
' '
Adamex Securities Corp—
equipment and for sales inventory, and
(7) the
approximately $14,185 for a reserve for future-expansion
unit by
a
in
+<
of the underwriters and the percentage
names
Brothers-—
Lehman
''
<
]
of unsubscribed stock to
organizational expenses and communications equip¬
ment and for anticipated initial operating losses in twin-engine and
conventional
passenger
service,
(6) approximately $75,000 for the
manufacture of twenty-five Air Pick-Up units for installation in its
operated as
with headquarters
subsidiary,
a
UNDERWRITERS—The
additional
new
Co.,
Troutman
burg, JPa,
authorization, (4) approximately $lf0,000 for j
engines and parts, (5) approximately $65,000 ^
such
to
purchase of
for
A~E.
the
approximately $80,000 for the purchase of one additional twinengine aircraft for conventional passenger service over its
existing
routes,
if and when authorized by the CAB and for non-scheduled j
(3)
Monday, July 15, 1949
be
The company on July 8 filed a registration statement with the'SEC ;
between the £w
.
,
■■
■ y
196;500 -units, -comprising 196,500 shares of- voting common ttock
.
j
new routes supplement the two previously announced
($1 par) and 589,500 shares of non-voting^xommon: stock ($l ^ar),^^^ Inter-city,Jhoroughj^res to b^oyw^/byrsmioteiepaone^service And
gabh unit consisting of one share of voting common and three phares of
represent iniport,.j»c progress in the_toe:l Byttems program to qxtend
mobile telephone service to major cities and highways throughout the
non-voting commom^The company intends to distribute its common 8'
^
natjon. The five routes total nearly 1,400 miles. In addition, author¬
stock directly to the public. "Offering price, $6 per unit.
Net pro¬
ity has been granted for Bell System highway radiotelephone stations
ceeds, estimated at. $1,179,000, wili .be used to pay a mortgage on
in Cincinnati ana ureeo La/, Vviv?In tne latter city construction of
plant, pay accounts payable, purchase equipment, ior bui.ding alter¬
th6y equipment has;^ been Completed and an application for; a!;licens€r-1$
ations and working capital.
pending before; tne-FCC. '
- <'
<•" • •- ••
*
for
-
,
•
Applications for Bell System highway mobile radiotelephone installa¬
tions
in, a
numt^er
of
other cities
are
-pending or m preparation;
,
Stock-
American Coiortype Co. (N. J.)—Calls 4J/2%
Allegheny LudlUm Steel Corp. (& Subs.)—-Earnings—
1946
Quarter End. Mar. 31—
•Net
profit
Earns,
come
$$252,043
$0.20
—
per
•After
share,
com,
:£*£''
1945
$298,600 in
of
and $294,200 in
1944,
and excess profits
5;
refund
on
1945 and $2,402,730 in 1944, and for estimated'!
account of "renegotiation .or war business.
Credit has been
taken
in
these
tax
of
consolidated
of
in
$2,315,160
for. 10%
figures
income
net
and
$i72,8co,
was
after
earned
wa3
on
profit
excess
providing
sales
a
refund.
tax
of
-L
a*-
British
excluding
Empire
and
Canada
covers
the
four
grades
tired from
tor
business
company.—V.
on
July l,
163,
p.
1946.
2989.
~
,
Stores Corp.—Stock
Allied
offered
onerea
rornoratiori
corporauon
sharps
snares
directors
this
"If
"the
of
-
v
Issue
...
to
*
will be
Split.
Stock
Proposes
-
June. 27 -voted
on
additional
•'To
plans
stock
authorize
to
in
shares
the
plans
for
present shares,
additional funds for
provide
1 ""
-
t
'
contemplated plant
additions
nf
or
pommnn
common
and
holders
rights
to
later,
in
The
other
offering
will
underwritten.
stnpk
StQCK
*
.
call
the
regular
annual
rate
is
share.
a
The
and
be
PURPOSE—Net
and
proceeds will be added to. the general funds of
to such purposes as the board of directors
applied
and modernization of the physical properties
presently occupied by the company and its subsidiaries, and such
other corporate purposes as the board of directors may determine.
stores,
improvement
the
by
intention
Stock
may
of
the
the
warrants
be bought
The
or
will
thereby
sold."
void
be
list
to
company
Exchange, and
the
provide
a
market
offered
its
.
stockholders
of
Dec.
The
GIVING EFFECT TO PRESENT FINANCING
Authorized
Cum. pfd. stock
Common stock,
(par $100)__L-^;__U—
HISTORY
Outstanding
300,000 shs.
2,062,722 shs.
(
cumulative preferred stock.
AND
BUSINESS—Company is primarily a holding com¬
pany owning, directly or indirectly, all of the capital stock of various
subsidiaries which operate department stores and smaller stores classi¬
fied as junior department stores or specialty stores.
Three department
stores
operated
ftre
directly by the company.
;*
'
The company and its subsidiaries operate 69 stores of
which 25
complete department stores, 42 &ve junior department stores and
.
are
>Tn
..
specialty
t.
,,
stores.
i.
34
of
these
-
stores
-
»
are
t—
.— —
operated
as
—-
•
are
*wo
f..v
individual
fmaller stores< located in the Rocky Mountain
and
North Pacific Coast area, are operated as a unit
by the C. C. Anderson
Stores Co., a subsidiary, with headquarters in
Boise, Idaho.
Six otper
American Home Realty Co., Dallas,
sale
The
*200,000 shs.
2,500,000 shs.
without par value
•Designated 4%
'
■
to
this
by J.
All
A.
S.
urer,
Giddens,
stock
Thomas
solely
three-minute
a
United
This
States.
Brussells
and
conversation
is
about
half
will
the;
York.
New
:
to
ATF
diversified
more,
the
upon
28. approved
than
manufacture
.
'
proposal
a
The
Incorporated.
company
to
>
change thd
that-"its;
stated
in, the.past and ia,no longer
of printing presses, type and
'
•
Jones, President,
will be the new name
Roy
the
as
July
on
of
concern
3
announced
that
ATP
American Type rounders, Inc.,
hereafter would function almost
holding" company 'for the
various interests 4n>the ATP
group.
-
Mr.- Jones, whp- has been head
dent of the new parent firm and
15,
associate
the
gariization
at
• •
he'ss
of
the
than
in
the
-
Tex.^—Acquisition
companies.
move
ATF
\ture
involves
and
that
past and is
presses,
no
the
will
no
types
.
14 years, Is Presi-'Chairman of the board of
company
be
stressed
announcement
change
principal
in
the
general
ior
reasons
• <.
..
.
and wholly-owned
company
printing
His
of " the
.
.
associates
it
.
is
that
the
reorr
management
were
more"
pic*-
"the xbusi..
•diversified
longer concentrated upon the manufacture
related materials ftlone/'r
r/!
u
and
.
Associate companies of ATF Incorporated are American Type Found¬
Elizabeth, ;N. J., manufacturers of printing presses, type
and printers' supplies; American Type Founders Sales Corp.,
handling
sales
of
American
Type
Founders'
products
with
headquarters -at
Elizabeth, and branch offices throughout the country; Frederick Hart
Inc.,
ers,
of the Blessing and Giddens Mill & Lum¬
largest and oldest mills, was- announced June 29
President.
of
&
at
Co., Poughkeepsie, N.
Daystrom
Laminates,
Y., manufacturers of sound recording devicps;
Daystrom, N. C., manufacturers of hard¬
Inc.,
.
wood
N.
of the new acquisiflpn would be devoted to speeding construction of American Home Realty Co.'s $25,' 000,000 residential development—Wynnewood—in South Oak Cliff. .He
out that mill
work in large
hindering large building
scheduled for Wynnewood.
quantities
projects.:
is
of the items
hundred homes
one
Twenty-two
>
.
Y.,
The
Majors, both of Dallas.
Mr. Wynne said the facilities
are
the
between
Elizabeth, N. J., and that the,
The American Home Realty Co., is headed, by Angus G. Wynne; Jr.,
President, and its directorate includes Toddle Lee Wynne and B. Hicks
i most
in
call
stockholders /on. June
Incorporated
Blessing,
: pointed
a
for
rate
Commencing July i, dealings In capital stock of American Type
Founders, Inc., are being made under peW name ox "nTF iiiuw^Jrateu.
The purchase price was not revealed.
the
corporation, which was owned by Mr. Giddens,
Vice-President, and William Blessing, Secretary-Treas¬
is involved in the transaction. -
R.
ior
occupation
The
anywhere
iigure
concentrated
company
ber Co., one of Dallas'
8.
related materials.
of
CAPITALIZATION,
sus¬
United States and Belgium// sus*:
in 1940, was restored to general
the
between
July
company's name
business, is now
It is 4he
on
the New York
where the warrants
record
Denmark,
American Type Founders, Inc.—Name Changed—
,
'
.
and
debentures, due July 1, 1S86, will be - received at Room 2315, 195
Broadway,; New York, N. Y., up to 11:30 a.m., EDST, on July 16,
interest rate to be specified in the bid.—V; 104, p. 2.
first
1944
the right to subscribe for 98,536 Shares of capital "stock. : All but
5,845 shares were subscribed for through the warrants, with the balance
purchased by the underwriters.
The net proceeds to the company were $5,668,262.—V. 163, p. 2574.
-v>> x'
corporation
States
the
worthless.
and
warrants
United
Invitation for Bids for Bonds—
-
evidenced
the'
may
the
Bids for the purchase as a whole of an issue of $125,000,000 40-year
„„
company
seryice
on
from
$12
pre-war
■
determine, including provision for additional working capital required
by increases in customers' deferred payment accounts arising from the V
sale
of household
appliances, etc., and probable increases in other"
accounts receivable and inventories, possible acquisitions of additional
Bell System
major cities
New York.
from
public use
common
...
between
pended since the German
-
currently $2.40
near future,service to all
Telephone Service to Belgium to Be Resumed—
payable monthly in; accordance with past policy. This would .be
equal t0 an annual rate of ®3-60 a share on the present shares on
Which
service
Telephone
stockholders for subscription at $47
dividend at the increased annual rate would be payable Nov. 1, 1946.
per share, at the rate Of one share Of common stock for * I' f''A registration statement was filed on June 28, 1946 With the
Securities - and Exchange Commission
covering the additional shares,
each seven shares held of record. The offering to stbckwhich it is expected will become effective on or before July; 31, 1946.
holders expired at'3:00 p.m. (EDST), on July 2. Qf the
On
>T),
Aug.
1, 1946," subject to the effectiveness * of the registration
statement, transferable subscription v/arrants will be mailed to stOck257,840 shares, 239,900 shares were
common, stockholders.
The remaining 17,940 shares have * hoIders of record on July 31, 1946, evidencing rights to subscribe.
"According to present plans the warrants may be exercised >(in
been purchased by the
amounts calling for full shares only)
underwriting group headed by
at any time after their receipt
until 3 p. m. (EDST) on-Aug. 19,-1946,-after which time the rights
Lehman Brothers, it was Announced July 9.I
(no par) to
the
the
-
>; Contact with Denmark.. will be established over a shortwave radio*
telephone- circuit ■ between New York and Oslo,; Norway, • and; by aub*/
marine cable from the Norwegian capital into Denmark.
conditions, the' company will offer to its stocksubscribe to these shares, at a price to be an¬
ratio of one share for each ten shares held.
be
in
of
extension
-
the
not
cities
other
pended since 1941,; was resumed on July 1, The rate for a three-minute
conversation wi.l be $12 weekdays and $9 nights and Sundays from
anywhere in the United States.
This is half tne prerwar
%aiQ : tQi ft
!«!
"
'
in
eventual
Telephone Service to Denmark Resumed
offer
Alvin Q. Brush, Chairman,
distribution of additional shares
split-up in the ratio of two
of a
share held.
each
for
'
said
a
introduced
call
inaugurated in St. Louis last month and which
was
highway of the country.
Telephone
split the
to
nature
wnich
service
and
More :
.
proposal-is-approved,"
board,
capital
nounced
Subscribed"For—On June
257 840
ZO/,o»U
«,
Corp.—Plans
bile
i,. v"The.present intention was'expressed of--declaring'cash rdividends
after the proposed distribution at an annual .rata of $1,20 a share,
.
.
.
18
lo
..
,
-
Products
Increase-—Also
.
market
I;
re¬
He will remain as a direc¬
:
,
,
»»
Home
community, -they are expected eventually to become linjks in mobile
radiotelephone, systems oa important mrough nignways.
'
;
t
Highway mobile radiotelephone service will supplement urban mo¬
|| improvements and for other corporate purposes, the .board authorized
fi the sale of 116,926 additional shares of capital stock.
Subject to
Withers, Senior Vice-President 'in' charge bf "finance,
active
the
of
w
Dividend
*
shares.
r
Aluminum .Co.* of America-^Officer Retired—^
E.
-
...
.
..
oT juW lO
ousme^s on Juiy iu,
business
of
rights to subscribe to additional stock, and starting Nov. 1, 1946,
increase- the regular annual diyidend rate^, '
*
*
;
h. special stockholders meeting w.ill be held on or about Sept. ,19,- >
;
1946 'to vote on a proposal to increasg the number of authorised
j capital shares for $1 par value each from 1,500,000 ' to 5,000,000
now
,
Robert
.
•
afte^th?'cloTe
stock
22M
American
right
Allegheny Ludlum's tool" steels.—V: 164, 'p., 1,
4
communities
include:
Cleveland, Columbus, Lansing, Saginaw,
Rapids, Rockxord, Knoxville, Cnattanooga, Cnartesvon, oavannah, Jacksonville, Montgomery, Mobile, Baton Rouge, Shreveport, Little
Rock, Tulsa and Austin.; Aiuiougn tneae stations wwi «aper»w«s wiitially
as
separate installations serving only vehicles in and around each
Grand
■
,
of
Those
14,
Aug.
on
.
common
Y'-°'p'
The
to terminate the exclusive
feature of the license if Darwins does not develop a sufficient yiolume j'
of business to warrant its continuation." /:' !1
•>>,?:
Association with Darwins, Ltd., is pot -a new venture inasmuch as ii
that firm, is now and has been for some time a licensee for certain,
the
retains
into
ifiVn
V
an(j
Temperature Alloys—■
patented.
Ludlum
call for redemption
action to
Stock to Stockholders to Raise .Capital for .Expansion
Ltd., large
Templeboro,
Allegheny
taken
of the outstanding shares of the company's
Redemption notice wili be. mailed on Or about ;
1
'
Purposes—
British alloy and stainless "steel producer,
located at
Sheffield, England, Is being licensed oh a;
royalty basis to produce and distribute Allegheny Ludlum's recently
developed super alloys.
The license will be effective throughout the '
Darwins,
SJfi
$The
$16,000,000.,
'
Issues Eicense on High
^-•JeJted
income taxes H
for Federal
volume
SgjaffrT and^FebSfar?861 l0SSe? during the strike-affected mor^ths
I.';:.-:.'.
•
directors have
The
1944
tAfter providing for Federal in-
depreciation and taxes, etc.
tax
--
t$936,690
"
$0.74
*
;
1943 4.1 1948, the balance
t$800,110 £5 $936,135 1 preferred stock.
$0.59 $0.70 i ( July 10, 1946.
1945
and Daystrom Corp., Olean and Friendship,
manufacturers of tubular steel and plywood furniture.
change in
name
was
authorized at the ; annual stockholder
plywood
American
meeting- of
reelected. '
were
,...
:
,
„
,
_
These
Type
are:
Founders, Incv at which four directors
Joseph A. Brophy,' President; of J. fP.
_
Brophy Coal Co./> Inq., Elizabeth,
,
.
,
.
,
„
-
—
arid .member of _the N§w Jersey
board of public utilities commissioners; Henry W. Uodge, Chairman of
dhe hoard of Air Products, Inc., New York _City; Clinton S. Lutkins,
senior partner of R. W. Pressprich & Co., New York City; and Ray—
i/,
i
products;
Volume 164;
tnond- D/
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4507
McGrath/i Tetired. ^ These
men/along,'; with ..the following
npw ATP Inc.: Prank C. Ferguson,
Increases Quarterly Dividend
s,;.
U See American Type Founders, Inc., above.;
County National Bank, Jersey City; Albert W.
'
of
George vH. Ellis, Inc.', : Boston;. ,;,;
;
! Atlantic Coast Line
Thomas Roy Jones; Lewis W, Trayser, Vice-President of Curtis PubRR.—Earnings—
y
lishing Co., Philadelphia; George M. Wells, Consulting Engineer; H.":, iX Period End; May 31-W K 1946—Month—1945 ^ 1946—5 Mos.—1945
Eugene Wheeler, Vice-President and Treasurer of N. W. Ayer
Operating revenuea^iv :$9,930,908 $13,222,637 $55,771,761 $70,546,423
^ns;
Inc.; Philadelphia; and Edward G. Williams. Vice-President of ATP Inc.
Operating expenses
_4'V 9,778.427
9,544,735
50,187,189
46,500,346
directors, compose the board of the
President of
Pinley,
The
i
xion
Hudson
Jones
JVir.
,The
and
officers
as
Williams:
Mr.
of
the
Paul
new
M.
Taxes
in addi- '-'
Vice-President
company;
Dollard,
.i—i
700,000
Equip-, & jt.<: faclly rents
Frederick B. 'Heitkamp,
Vice-President;::.Joseph
L.j^v,
Secretary;; and George S.; Tiernari,Assistant- Secretary and
2,411,078
426,148
4,100,000
1,851,503
$4,739,527
,
Assistant
Treasurer/^;''''';;'
•.:-V\V'
J ,-Mr; i Jones . also announced!'that; BeriJamin F.;; MtCl&ncy'.;,haa > beeri
Appointed manager of human1, relations of ATP lnc.--V. 163, p. 3414..
-Net
income ; s$973,667
ry'.'.oper,
$685,710
'
.
to
include
1945
have 'been revised
results: of' operation
of
Atlanta,
—v., 163,
t>.-3414;-:
I:-.'-','.y; Cf-;1
AmeHcan Water Works & Electric Co., Inc.-~Output—
tPowerv? output of' the: electric;properties'of- this"/AmericahfrWatet^-,^;
r-
for
comparative purposes
& Coast RR.
Birmingham
\,i -fK'-X
'
.
American Woolen Co.—Meeting Adjourned—
company
and Mr.
Eliason
is
Treasurer:—-V.
i'nere
•
penses
V
.k \
Already, have..registered; approval, it was ^said^f^v'?
■:I
.Moses Pendleton, President,, stated the plan would automatically go..
Into effect when holders of 80%
of preferred have deposited their
■Years Ended Nov. 30— ;
6fcock and registered: their approval of the plan. He also said that the
Net, sales
company is operating at capacity.
Terming earnings highly satisfac- '
tNet income after all
tory, jhe said that unaudited profits! for the first live months of the »
charges and
.
^
^
^
!?; *\ 1
f.
ft
at"
were
somewhat
a
on
annual rate than reported for the j
"7 7*;
$62,1)00,000, or almost equivalent to -
better
.June 1 were
the wartime volume of
v-vAmerican
a
ago.—V.
year
163,
,;.;tExclusive
associated
&
Co.—Preferred
Processing
Stock
'
corporation's
equity
,19.44.,...,..
V
!«■>
1945
3
L.
:
»
including
hcrusehold
*
appliance
"
t;
upder-a postwar expansion and
\
greater
nonrvoting .ielas8;a*;commoii;stocki for? each ;shareor
before June 30,
1949, and thereafter into a smaller
shares,
The new preferred stock is redeemable at ; $107 ;
per share up to and including. June 30, 1948; at $105 per share to r
arid'including June 30, 1951, and thereafter at $103.50 per. share.
than
before
lQA«t
<
is
v
r
.
t
.
say
and
new
the; war.
/
organization
North,'CaToIlhftV:.:Jirty.-i3ir-4''
In
has
company
been, principally
engaged
Through
yarns.
a
of.
program
obstacles
in
-manufacture^ mercerizing, processing, .finishing and sale of cotton
expansion, begun in 1943 and now
to provide
greater
diversification
Of '
auearlng
-
.Purchase
completion, -designed
products and integration of "operations, the company is presently engaged also in the spinning, dyeing, glazing, Winding and packaging
of commercial sewing thread and the manufacture of worsted
yarns.;;
7 Company is now
using a portion of its mercerized cotton yarn pro- 4
eduction, and-intends-to manufacture and use also blended yarns in- •
lines
"Will be
-1
the
polo-shirts
as
including
j
wool
and
cotton,
in
its own
circular
and
and
rompers
remainder
Under
normal
and
conditions
products
highly competitive market.
producers
of
infants'
and
childrens'
knitted
mercerized
of
Company Is
cotton
the
in
the
United
or
in
of
men's,
poundage;
hosiery,
amounted
to
t
\
dnear. Mount
Holly,
*
5%
of
i
C.,
"$1^00,000
500,000
j>ar>^ ; ^ 45,000
JPreferred stock ($100:
'25,000
•common Mock
par)
1,000,000
Class B (non-voting) com, 8tk.
($l par)
1,000,000
^
-
bank
cum; eottv;;<$l0O
'UNDERWRITERS—The
number
.•follows:,
v
-
names
of
shares
,
of
ln
be
It, S. Dicksott
the
shS.
Sales, less disctS., etC..^.
•Cost
of
JSell.,
gen.
(
*
i.
sales____,__w—
-•
& adm.
shs.
I;
severally by
i
.
,
,
and
the
Total Income
are
re-
JProv.
v
profits
2,422
"172,458
income
163, p.
...
_
$225,350..
3414.
:
8,598,403
1.
481,261
805,497
..
-
-
^
$999,270
19,849
15,4fa
;
$820,973;>
:
727,773
$288,195.
$251,648.
•
=
y
2,765
596,157
Arcweid Manufacturlnff Co., Inc.,
Seattle,
--
7-
*
-•
-
Beatrice Foods
i
.i The company on June 24 filed a letter of
notification with the SEC $
Tor 100,000 shares ($1 par) common end
852 shares ($100
par) "pre- Terred.
Offering price, $1 a share of
common
Proceeds
v:
"1'
transfer
.agent, for. $5,986,200
par Value: of
vertible preferred stock. *
*
The Chase National Bank of
J
the
will
be
/■ j;;
used
•
>
for
and
$100
a
share
working
of
capital.
Issue is not
••y:.
.
3% %
,
appointed
cumulative
York has
cohvertible
been
f
Beau Brummell
co-
ap-
:i'
*
Armstrong Rubber Co—Secondary
Offering—Blyth & *
Co. made a secondary
distribution July 1 of 3,500 shares
/
of Class A stock.(no par) at $24 a
share, with a con¬
cession of 80 cents a share to
dealers.—V. 161, p. 2438.
t
1946
Net
ry.
From
Gross,
Net
1945
1944
$850,902
$998,016
.
"545,109
-—610,097
income—
204,168
110,873
123,932
oper.
Jan.
from
Yp-.-.-t
1
6,070,723
3,696,809
867,049
income—
.
1,067,377
r.
i
!
m.
o
k
n
i
fee
in
n
'
r
o
V
t
"
'PeriodEnd. June 30—
'
"
'1946—Month—1945
.L—$3,732,733.
'
$2,951,923 $18,363,066
oecw
$13,726,637
new
,:"J'u
subject
date
with
to
deposit
Central
mortgage
Payment
be
made
at
bonds,
at
due
102
the
1974,
and
-
of
accrued
office
of
the
which
interest
trustee.—
4
i"
b
^
^
*
'
..
*
June
on
that
27
he
had
M.
Allen,
*-i
.
,
>
,
resigned his position
Co.
v
and
the
Boeing
'ZJ.
President,
Vice-President
stated that H. F.
production manufacturing,
of
shares
offered
-'
are
Outstanding
.; 60,000. sb$M
40,000 shs<
In West Virginia on May
1911;
of
approximately 22,355 acres of land and has
approximately 1,600 acres additional in Boone and
W.
gas
Va., and is engaged in the production and sale
and natural gas.
-All of the coal now being mined
and coking coal and this is true of most of its vast
-
"
Est. Net Tons
79,000,000
42,000,000 •;
15,000,000
;
Grove
i
•
Acres
12,836
10,329
-
U
-
3,700
136,000,000
..
come,
at
$200
26.865-
per
acre,
,;
.
eecond-class matter
per
February 25, 1942, at the post office
year;
,
*
,
,
/.Total
Oper. Net
$1,206,794
Misc.
•<
-
Fed. & Penn.
■Income
li $27,616
i,274,570
1,133,669
Dr8,377
$31,099
1,182,549
*
0
49,179
1,383,607
•
1,641,021
2,427,438
2,290,442
on
;
18,032
v
Corp.—Stocks
39,654
18,31*
42.79JT
23,283
1,119
30,560.
.
$26,067
>T7,620
73,88<f
90,586
116,444 •
148,399
441,549 :.
11,877
172,484 ■
395,713
18,229
150,000
allied operations.—V. 163, p. 3414.
424,227
.
And net income from
Fisheries
'
$1,548
4,454
4,406
-
1,233
258,064
304,711
1,927,693
2,272,987
96,048
/v
¥M
Net;
'■': Income?
Inc. Taxes
.
44,108
■
..
198,037
206,299
.
6,120
;
281,94#
280,942
263,942
Offered—Central
July 1 offered 15,000 shares of
Re¬
cumu¬
convertible
.
stock
on
behalf of selling stockholders.1
;;;
The transfer agents and registrars for the cumulative convertible
preferred stock 4% series are: Transfer agent, City National Bank &
Trust Co. of Chicago; registrar, Continental Illinois National Bank &
Trust Co, of Chicago.
For the common stock: Transfer agents, City
Chicago 3, 111. (Telephone: State 0613); 1 Drapers' Gardens, London, E. C., England, c/<r Edwards &'Smith. Copyright 1946 by William B. Dana
at New York, N. Y., under the Act of March 3. 1879.
Subscriptions in United States arid Possession $26.00 per year,
South and Central America,
Spam, Mexico and Cuba, $29.50 per y^r; Great Britain, Continental Europe (except Spain), Asia, Australia and Africa,
NOTE;- On account of the
fluctuations In the rates of exchange, remittances for foreign subscriptions and advertisements must be made in New York funds,
r *
;
es
■
None
.
60,000 shs.
The Commercial and Financial
Chronicle (Reg. U. 8. Patent Office) William B. Dana
Company, Publishers, 25 Park Place, New York 8, N. Y., REctor 2-9570. Herbert D. Seibert, Editor and Publisher;
William Dana Seibert,
President; William D. Riggs, Business Manager.
Published ..twice, a week [every. Thursday (general news and advertising Issue) with a statistical Issue on Monday]..
Otn«r
offices: 135 8. La Salle
St.,
Canada, $27.50
of
Hanover
preferred stock 4% series at par
($100) and 126,126 shares of common stock (par $5) at
$28 per share." The ^ cumulative convertible preferred
stock is being sold on behalf of the company and the
(A. S.) Beck Shoe Corp.—June Sales Increased 26.5%
Sales
-'-'Jl
PURPOSE—Proceeds of sale .of stock, by company will be added ttf
treasury funds.
"
V.V
JSXJMMARY OF OPERATING RESULTS
'
>
lative
1946—6 Mos.—1945 ; V'v
j
■'
tract
on
Counties,
Booth
506^577 J
-
^
■
■
1946,
(no par)
a
high grade
common
«U
will
($100 par)
public Co. (Inc.)
1,984,662
.605,111
Net .ry. .oper.r
J
Authorized
1942——
4,061,941
2,783,708
any
CAPITALIZATION
1940—«.i;
1941_:.-
:-;!l
5,029,955
2,263,480
—V. 163, p. 3128.
bonds.
named
1938,.___
'
■
-
1939
424,744-y
120,471 :
4,252,353
'•'•"I
P.
stock
1936-
$820,174 *
railway—
of
-
11
railway-—.-
from
first
William
'1937—.-
1943
$1,085,574
436,867
Issuance
,
1945—
railway^-^.-.-
subject
stockholders
common
-
j.'iv',1'- *(V
development by It for many years to
preferred ;stock,
Ties, Inc.—Stock Distribution—
■
incorporation,
or
mined
,
from
of
its
to
sale
negotiated
tion.
:
.The dividend payable on or about July 20 to1 stockholders or record
at' the Close of business on July 1 amounts to one share1 of capital stock
for each shara of capital stock held...;
; '
■
'
"
This stock, will-not be quoted ."ex" the dividend until further notice
arid all certificates delivered, after July 1 and until further notice
must; be ^accompanied by due bills tor said' stock : dividend.—V. 1,63,
May—
p. 914.
Since incorporation to Dec. 31, 1945,
30,221,090 tons of coal have been,
by the corporation and its lessees.
In 1945 the
corporation
a
sale of 3,300 acres of land, not readily accessible for
con¬
p..4.
Gtossr* froift; railway '22*
3%
UpperSeams—
•'
The' New. York; Curb Exchange announced on June 24 the declara¬
tion of .a stock dividend on the $1. par .capital stock of this corpora¬
Nfet
time
been
F.
iSeam—
'
City of New
pdiftted tegistraT^;'of;the-cumulative
ilOO-par ,value,--rV.-164,
*
been
155,
.
Cedar
,
Co.—Operating Under New Name—
has
of
common
reserves.
A
small acreage of
its coal lands is operated by lessees.
Corporation's coal reserves, as estimated by Eavenson and
Auchmuty,
mining engineers, are as follows:
•
;
-
p;3«4;-
Wash.—Files ^
-
has
Logan
Beaumon£:Sour Lake & Western Ry.—Earnings-
"With SEC—
preferred.
;
grant
stock; '
''"'iJ'•
its
of! bituminous-coal
$222,051^
*
(underwritten.
-
of
CORPORATION—Incorporated
.
229-
75X140.
-
..
of
same
that
oWns
"■
$9,885,160 *
V" 64,119
$1,067,783'!
I ; 28,219
15,424
for income taxes-
.Net
-^-V.
.>
935,151
80,348
3279.
'See Beatrice Creamery Co. above.
"
.The Guaranty Trust Co. of New York
•
7t500 shs,";;
1943
the
chiiton.
as
541,75?
',
987,434
»
$415,653
Income
charges
iMinority int.^ln
announced.—V. 163, p.
common
share
one
shares
„Vicej-President of the Boeing Aircraft
j
T
Co.
mineral- rights
Beatrice Creamery "Co^—New Name Now Used-
■
them,
1944:•
•
547,149;
388,568
C 27,085
income'
•
-
Effective. June 24, 1946, this company, - known for nearly -half a
century as the Beatrice Creamery -Co.-, beeame-Beatrice Foods Co., it is
186,659 shs;r;
200,000 shs, i
>
Profit from operations
Other
1945
164,655
.
"
;
to
being s<j>lcL by corporation and 3,973
for sale by Weldon'Corp.
„
inaugurated""July-:7.
its certificate
common
'S
O. West-announced
Common stock
was
Unsubscribed
Boone Coupty Coal Corp.—Stock.
Offered—Janney &
Co. are offering at .$25 per share
6,200 shares of common
stock- (no par). Of the shares offered
2,226V2 shares are
is
I5,0oasbs; ;•
:
$3,698,352 $10,933,823 $10,916,343
3,145,128
9,399,240
9,439,434
exps.
♦
the purchaise
of
connections which
SEC
Laudan, already a Vice-President; will take charge of
experimental -manufacturing,
Mr. - Brown was formerly Works Man¬
ager of the Boeing. Wichita Division, while Mr. Laudan was in
charge
of - the Boeing
Renton
operation during the war.
He
is also a
director of the company.*?Y;
163, p. 1722,: :
,TWs hew service is operated over three routes, ^sleeping car service
to. Tulsa- and Oklahoma CitF over-thevFriscOi^sJeeping ^car seiyice td ^
Denison, Dallas and San Antonio and Fort Worth over the- Missouri, >
Kansas and Texas, and coach service, to Dallas and Fort Worth over >
the Missouri Facific^V. 164, p.-3. *
• •
>
*
••
^
r
^Years Ended Dec. 31-
—
■
and
farm
,
„•
^
Brown
t
&
huge
a
amend
stockholders,
unregistered
Eouthwesterri
'
CONSOLIDATED INCOME'STATEMENT
'
serving
are
Executive
At
and
-f.il:.
Preferred
.
7,50b shs. '
31, '46
H.
as
-
shs.
shs.
St.
Mar.
through
the
Tr»st"co:,riiew York" N"T"7orporTte" trusteeT^lw'o^prin^
Airplane
new
The new daily" thfough ipassenges cat' service to the principal cities
"Oklahoma and TekaA via the "Baltimore, and' Ohio "Railroad' 'and
500,000
underwriters,
purchased
3 Mop End.
was' achieved
in ratio of 3/20tb of
held.
Boeing Airplane Co.—Official Resigns—
'
compete on a'nation-wide basis in
Station WLW, -of Cineinnati,
of. its
J
p
>
r- •,
to
proposes
said; redemption date
V." 162, p. 2636.
"
-t ,
isI*
^
.Radicf
country's "leading clear-channel. stations
also acquired in the Crosley purchase.
statement with
offered for subscription: to
19,
share
to
Baltimore & Ohio RR,—N-ew Service inaugurated—
f
or
Outstanding
$1,000,000
TOdder, T^abody &
J '4
of
.
to
to
necessary
appliance'field.
each
rights in connection with the
•
$7'8,000
cited /
r.
for
or
and in Law-
.,
'
spective
.
nfarino and stationary engines.—V." 163, p. 3127.
,
•
total
lofcated
Are
N.
2%%' bank
stock, 4%
*;r'„
\t--r At') ••u'1,
.
subsidiaries
Maiden, Lenoir and Gastonia,
Authorized
lVii%
Material
specifically
.*
-
common
clpaI. ftmountg
was
Inc.,
serving i
CAPITALIZATION DIVING EFFECT TO PRESENT FINANCING
3Pfd.
the
declared.
were
/V-.
-
.
.
Partial Redemption—
of New ;
Coldwater, Ohio, one of the oldest makers of a wide '
implements.
In addition, Consolidated VUItee Aircraft
Corp., an associated company, acquired a controlling Interest in the
ACF-Brill Motors Co., manufacturer 6f
buses, and the latter's sub¬
sidiary, the Rail-Scott Motor Car Co.,, engaged ift making bus, truck, '
'
•
of
Idea,
^
4UrThe;plftrit$i-of;tme idbimpainy- And its:
report,
3414.
p.
_
registration
a
The company will redeem on
Aug. 1,
sufficient moneys* prior to the
redemption
Bank &
five largest >
States,
^pproxlmately
those
organization
rq^nge
approximately 200 customers.
During the three months ended March
30, 1946, sales to the 10 largest customers amounted to
approximately
24% of total poundage.
Sales to the single largest, customer, a manufacturer
the
controlling interest in the Crosley Corp? added
Of
Avco
and' expanded the production facilities
rFurther diversification
a
removed,
are
a
household
aridlencd,
suits,
sold
are
of the four
one
yarns
company
of
one
warp
creepers, by the. company of its subsidiaries
to the cutting and sewing trade.
sold
recovery
the
machines in producing various knit fabrics, part of which
dyed, finished and made ltito suoh; highly competitive flnished
garments
and
nylon,
rayon,
to
dealer
,
eluding
knitting
to-
shortagefs, labor-problems and pricing questions
ad retarding -postwar*-production. •,
•<
*.v
-
;•
July ^ fiied
increased shares of
or'
'
.
rBUSINESS-^oriipanyIncorporated
1943
preemptive
r
1&20.Since
,,
_
ox record on July
common
company
to-approval
.
the
n
Birmingham Electric Co.—May Issue Rights-
^PURPOSE—The: riet t proceeds ^will/initially; become a part of the /•.v,;..Total deliveries-by the corporation aT.d associated
companies during
company's general funds and as such may be applied to any cor ¬
tbe four war years ariiourited to" $4,'098,000,000 worth of
products.
porate- purposes.' .Such corporate purposes, it is presently intended, -,
Included were
airplanes and airplane' parts; naval vessels and ship /
will, include 41) the. repayment .in full of a .short-term- lVa%
bank *
sections,^ transportation vehicles, jeep and auto trailer bodies, marine '
loan in the principal amount, of $500,000 obtained in connection with
er&'ines and high priority; farm machinery.
^ s
•
<
thd company's acquisition of the capital stock of Dixon Mills, Inc.,
Although continuing active in the manufacture" of aircraft, aircraft i <3astonia, "N. C„ for a purchase price of $675,000, ' (2) the payment
engines land.parts,, it was pointed
out", the Avco" group of companies
of the principal instalment. of $75,000 due in November, 1946, on-', has now
become an important fantor/ in -radio
"broadcasting, in the "
account of the indebtedness represented by the company's 2% % bank
farm implement field and in
the production and distribution of housenotes
outstanding in the aggregate principal amount of $1,000,000,
ham-' .Aoiilian«fcK.vMnehiAm1r rariin*
hold
frn,Pn
apphancas.v,,including radios,' refrigerators, vfrozen fnnH inpr,pr«''
food lockers,
(3) the purchase of additional capital stock, in the amount of $80,000, i
!«toves^kitehea^sink® ^nd:Pabinet8, automatic' door
of .Dean & Sherk Co., Inc., all the
openers, arid boilefs i
outstanding capital stock of which £
and .heaters..
'■
w'
"
'
Is held by the company, to supply that subsidiary with additional;
The
corporation's .diversification, prpgramj-. now Veil
advanced, is
•working capital,
and; (4)
expenditures
aggregating
approximately
disighetf to provide, stability of operations land
earnfngs.";;
—
»
$815,000 in 1946 and 1947 pursuant to a program for additions and
Utilization1 of^ full
productive capacity in the; Avco group, and
improvements,
7
; thrOughput; fe>d<»sfery? Vill'^^;difficult;hntit;tomei;Of^^ .the^irioret
soriops
?
.
dividends and to pay for other
corporate purposes.—V.
,
V
v
.
remaining, shares of preferred wnl be offered to the public al>
prices supplied by amendment.
Net proceeds will be used to redeem
unexchanged shares of 5% preferred at $110 a share and accrued
corporation and its. associated, companies amounted
as compared with $1,340,000,000 for the same X
Iri' 1944.
The decline reflected heavy
cutbacks
of orders in the aviation and
shipbuilding industries :
cancellation
so
1946.
the sale of these shares will become part of
company and,'as such, may be applied to
and
.
companies
at the end of
:
the
Common initially will be
;
stocknolaers
K
50 %
$920,000,000 for 1945,
group, of
15,
preferred stock and 15,000
stock.
Underwriters, Dillon, Read & Co. Inc.,
New York:
company will offer. 8,500 Shares of preferred in exchange
for shares^ol -outstanding;&%• preferred -stock on a share for shar#
[Total sales'of the
to
on
number- of
completed
July
,<
from
of
company on
Shares ($1 par)
.
fully
be
about
or
issueed
f°?v 13>509 Miares-<$100' par) cumulative
.
acquired
will
steps
on
be
;J>iaCK, JHllIS PowCI* & Light Co.—Registers With SEC-—
COT
r
,
program,
will
-
The
1
will
funds
legal
made
163,
fann'" Implement^-Jirms
•
general
associated, companies;
and
diversification
the war.-J
and
nfct proceeds
exercised.
are
necessary
evidencing the rigbfc
expire 28 days after such offering, In accordance
its terms.
.
-
Cvi
shares
new
the
corporate purposes;---'--.! v-• :
•' - --v. \
:. "
•
The company is
proceeding with the construction of additions to the
Chicago and Richmond plants.: The estimated cost of the
new build¬
ings and equipment is $1,150,000. The
expenditure will be made dur¬
ing the balance of 1946 and 1947.—V.
r
Vorwr7
to
any
s
lrving B. BabCOck;
and
anSntiol
and
1
share" In" 1945 arid 69 "
;
-
the
$0.54
.
subscribe
•
common
stock, par value $10 per share,
will receive $265,300, less estimated ex¬
approximately 21 cents per share, if all
company
which is
$5,600,
to
subscribe
with
'
*1944
-
The
of costs of
part
pay
Issue not underwritten
265,300 shares of
undistributed'earnings'of
ren^per
^Wdu6tive^<iai^ity^ri^ v-l^^orpbration
"
to
v
'J
company S: annual report for 1945,
*.
»
in
:
.
President ' in "fkp ■wkativ1c
of
ferred
,
:•
_
offering can be
Transferable subscription warrants
$32,101,772 $59,816,649 ri
-5,746,846
3,147,005 -
taxes
fVictOT," Emanuel^ Chairman,
;
'
expected that
the formmal
that
Earnings Figures^
caihpafties,:amp«irttogitp;26
;
"The preferred stock id convertible' Into icommon stock -of'the:company: at the rate of two shares of voting common stock and one
chare
of, the
cetotS .per share in
Yarn
Offered—Kidder, Peabody & Co. and R. S. Dickson &
Co., Inc„ jointly t>££ered to% the public^ July 2 15,600
isjiares of; 4% cumulative; conyertiWe preferred .Stock
(par $100) at $104 per share and accrued dividends.
f
;
3127.
p.
4
I
framings.per -common share—$0.99
/Revised figure^.
•
Chicago- -To Issue Rights
have
is
The
,
first •flttarteri?>.4,*'?••/,-■".-•■v
are
of
lights
.
-year;
directors
.
•
# "Unfilled orders
The
construction of additions.
J
163, p.
.The special meeting of stockholders called to act upon a plan of. re? iiAutoniatic.Canteen Co. of America—Transfer Agent—
capitalization was adjourned on July 3 for two weeks to July T7. r;.
Additional" time is sought for further stockholder responses
to; the *;■! V !The; Chase National .Bank „of the City of New York has been ap¬
pointed transfer agent ;fdr .the common
proposed plan.'":V:-"
•<;
stock, $5 par value.—V.-163,
VOver ; 60% : of the common stock and over 75%'. of the preferred v
'
.
Co.,
authorized
the
offering of 26,530 shares of
authorized, but unissaed, common stock at par ($10 to shareholders of
record
July 8, 1946, in the ratio of one share for each ten shares
outstanding.
i
;
.
the
Manufacturing
Tne
;
Company, -Inc.' for—the. week.;ended July 6;' 1946 *r
,W.;G, Frome. and-T. -H. Eliason have been elected
members of the
68,950,000 kwh„ a decrease
of 7.0%
under the output Of ;.. : board
of directors.
Mr. Frome is General
Manager of the explosives
V4,149,000 kwh. for the corresponding week of 1945.—V. 164, p. 1855. ;
of
Common Stock—
on
quarterly
company on July 3 filed letter of notification with the SEC for
26,530 shares ($10 par) common stock to be
publicly offered at $10 a
share.
The offering will be made to
present shareholders.
Proceeds
initially go to general funds and may be used to
;'';;
totaled
department
a
a
owned..-Y;;;.,„/;,;;:;; ^,V.'i-x:
i
; Atlas%Powder Co.—Two New*Directors-^
Works- -&*Electric
cents
to Shareholders—
VVvrv,"r
NOTF^-Figures for'
July 9 declared
on
Of -30
Beltien
Treasurer;
jCpniey,
stock
.
2,059,489
.*$366,931
mon
16,447,061
581.114
directors
dividend on the com¬
share, payable Aug. 1 to holders of record
JiHy 22, 1946, Previously the quarterly dividend was 20 cents a share.
The psual quarterly dividend of
$1.18% a share was also declared on
the 4%% preferred
stock, payable' Sept. 1 to holders of record Aug,
,15, 1946.—V. 163, p. 3279.
,
; .
•
and' Treasurer
directors have elected
to
and
the
President
271
ATF. Incorporated—New' Name, Etc.—^
■
.
£^P^y.
^
in
Domirdonjof
$31.00 per yea*.
j
THE COMMERCIAL & FINANCIAL CHRONICLE
272
Rational Bank & Trust Co. of Chicago,
New York; registrars, Continental Illinois
of
and Guaranty Trust Co, of
National Bank & Trust Co.
New York.
Chase National Bank,
and
Chicago,
,
; '
.
STOCKHOLDERS—The 126,126
shares of common stock are owned beneficially, and are to be sold,
by Central Republic Investment Co., A. C. Allyn and Co., Inc., Lee
Higginson Corp., Reconstruction Finance Corp., R. P. Fletcher, Jr., and
Leard A. Murchison.
The number of shares owned, and the number
of shares to be sold, by each selling stockholder are as follows.
Vv
:
-ft.
'
•;vNt-^':'^';;C^7:^':;'w.v';Shares
Shares
/
'
*
Owned
.to Be Sold ;
BE SOLD BY SELLING
SHARES TO
.
registered in denominations of $1,000 or multiples thereof. Coupon and
registered bonds are to be interchangeable.
Bonds will be redeemable
as
a
whole at any time or in part from time to time, upon not less
than 30 nor more than 60 days' published notice, at the option of the
■
,
redemption
prices.
Bonds
also
may
be
initial
'•'•case,
103,
redemption price is
plus accrued interest in
..':•;'•
v
amount
(1)
founded in Chicago, in
originally
1848.
has
Company
(Mo.),
Cold Storage Co.
'
(1)
,
pfd. stock 4%
conv.
of
C.
A.
Lee
Rollins
E.< H.
Ain.es,.
Sons
&
Emerich
Leary & Co.—
Mason, Moran & Do.———...—,
The Ohio Co.f5i-i-
———-
iii_L»
.—
Bradford & Co
J
JL
Bateman/ Eichler &; /Co.——-L
Peltason, Tenenbaum Co.—
100,000
100,000
••
t
/
i
Apr, 27,'46
Net sales:
v/
—-J
Green, .Ellis
■
.
:: V
Total
Cost
and
sales
of
sales
155,684
4,552,816
4,358,130
Profit
from
$1,573,351
operations-
$1,656,479
205,700
940,100
30,430
" '
$480,249
Federal
income
Federal
excess
tax.,..—.
298,300
.
profits tax
—
Other taxes (principally Canadian)
J/
?
'
'
'
;
,
Net
i-j,
.
4
7
565,800
100,460
"■
profit
——
-
$608,791
—
$1,670,982
83,440
■
Ten
and
Furniture
Summer
display
On
v.
all
are
been
shown
showing
home
as
and
the
two
new
new
heater.
at
Chicago,
American
to
the
gas
*
opening of the
*, r
these
new
models
according
to
M.
products
which
G.
have
O'Harra,
of Sales.
and
five
ranges,
one
Other
-
refrigerators,
new
postwar
Norge
well.—V, 163, p, 3279.
electric
appliances
the company
range
are
and
being
is
one
>
\
also
new
exhibited
Boston Consolidated Gas Co.—Output—* In Cubic Feet
s
—*
-
1
1945
February
„-—
—
•June—
—
————————
—V. 163, P. 3128.
Brooklyn
" \
"
Union
Gas
is
a
public
At
'
1
was
Operating
—4 Mos. Ended April 30—
Total
1,100,842,000
1,113,056,000
Maintenance
operation
;
Co.—Bonds
Offered—Halsey, |
Stuart & Co., Inc., and associates on
July 10 offered $34,000,000 general mortgage bonds, 2%% series, due 1976
(first mortgage after May 1,: 1947) at 103 and interest.
The issue was awarded July 9 on a bid of 102.2839 Two
other bids, each naming a 2% %
coupon, were received.
They were: Harriman Ripley & Co., Inc., and Mellon
of light oil plant
General
taxes
income
Fed.
taxes
5,243,543
14,885,338
1,962,415
1,557,585
103,379
' 3,449,362
600,312
672,776
34,459
v
615,073
694,446
.
Amort.
1944
59,944,658 $27,125,957 $26,255,189
5,735,539
Prov. for depreciation-
•
—Calendar Years—
1945
1945
$10,516,103
revenues
'
EARNINGS
OF
1946
1,278,676,000
'
shs.
since
'/
1,177,988,000
*
shs,
utility
and
SUMMARY
1,771,159,000 i 1,810,939,000
1,619,933,000
1,514,271,000
1,459,561,000
1,432,209,000
•/1,331,090,000
1,274,745,000
March
April ;
May
"
1946
January
...—
,
the
■
Mart,
standard
previously,
Director
freezer
111,
Furniture
company's
announced
or
Vice-President
Besides
Market
the
at
addition
in
■
incorporated in New York Sept. 9, 1895,
operating company without parents or sub¬
the date of its organization, the company
has succeeded to or acquired by purchase or merger the properties
and
franchises of all
of
the gas companies in the
territory now
; served
by the company, the oldest, of : such companies haying been
incorporated in 1825. %
'
'J
The principal business done by the company consists of the manu¬
facture, transmission, distribution and sale of artificial gas for resi¬
dential, commercial, industrial and other purposes.
At the present
time it is the intention of the company to continue this business, but
should natural gas be brought to the territory served it may then
engage in the distribution of mixed gas or straight natural gas
as
conditions warrant.
The territory served constitutes about 105 square
miles comprising 30 of the 32 wards in the borough of Brooklyn, New
York, and two of the five wards in the borough of Queens, New York.
As of Dec. 31, 1945, the company served 801,397 active customers'
meters, of which 754,397 were residential.
For the calendar year 1945,
approximately 781c of the operating revenue of the company was
derived from residential customers, 15% from commercial and mis¬
cellaneous customers and 7% from industrial customers.
' "; .
of household appliances, including an upright home
newly-styled refrigerators, on July 8 were introduced
five
Outstanding
July
,..
sidiaries.
models
new
by the corporation's Norge division coincident with
..
July 1, 1976
—
$34,000,000
$34,000,000
pfd. ($100 par)——
150,000 shs.
*70,000
Common stock (no par)
1,000,000 shs. '
745,364
'Dividend rate to be .specified when purchased by bidders.
.
....
and
$438,242
Borg-Warner Corp.—Introduces New Products—
;
,
(first mtge. after
BUSINESS—Company
■
V. 163, p. 3128.
freezer
outstanding as
Cum.
207,000
942,300 ;'
-
v;
500,000
FINANCING
'
May 1,'1947), 27/8%, series, due
;
'
•
follows;
as
General mtge. bonds
3,867,482
"
100,000
r 100,000
1945,
31,
Dec.
Authorized
18,789,668 $18,375,323 $17,085,727
.
,,
and after giving effect to the issuance of new
securities
and
the
redemption
of presently
outstanding securities
referred to under '.'Refinancing Plan" and "Application. of Proceeds,
of
$24,915,837 $2^,389,932 $22,624,191
revenues—
r—
goner
F. S. Yantis & Co., Inc.
CAPITALIZATION, GIVING EFFECT TO PRESENT
The funded debt and capital stock of the company
are
Operating and general expenses—.
'100,000
,
Wag-, f
&
150,000
Inc.
34,459
1,189,937
1,214,885
■
13,596,310
1,671,658
1,551,219
103,395
' 3,530,755
(no
*
671,100
692,100
$1,575,547
$1,486,581
:•
1,159,300
724,000
$4,008,576
,
Securities
Corp.,
F. S. Moseley &
101.6699; and Blyth &
Co., 100.913.
Dated July 1, 1946; due July 1/ 1976.
July 1
at office
nomination
of
or
agency
$1,000,
of
company
registerable
as
Co.,
Inc.,
;•;
Operating
income-
delphia,
&
*
Philadelphia, and J. P. Morgan & Co. Incorporated, New York.
Co.,
COMPANY—Company as now constituted is the result of a merger
of Edward G. Budd Manufacturing Co., incorporated in Pennsylvania
July 22, 1912, and Budd Wheel Co., incorporated in Pennsylvania
June 29, 1921, pursuant to a plan of merger efiective June 12, 1946,
which Budd Wheel Co.
under
PURPOSE—Company and its' predecessor purchased between Jan.; 1
April 30, 1946, machinery and equipment to the extent of approxi¬
$4,300,000 and plans to purchase approximately $6,700,000
and
worth
-i
by approximately $10,000,000, in
the larger inventory and accounts
templated.
The proceeds to the company from the sale of the common shares;
together with part of the proceeds, if received, of the proposed addi¬
tional
financing, will be applied to the fulfilment of the financial
requirements of the company, namely, purchase of machinery and
equipment, repayment in whole or in part of short-term bank loans
Net
income—
164, p. 4.
secured and the amount available is Ihus not sufficient
1%?^
and
banks
evidenced
indicated
are
in
the
were obtained from the
also states the amount of
notes,
90-day
by
table
which
below,
2%% notes of Budd Wheel Co. now held by such banks:
Budd
■■
of the Manhattan
Bank
Co
2%%
Corn
1
Exchangee National
Bank
Trust
&
Co.,
Philadelphia
The
.
Pennsylvania
Ins.
Co. .for
on
Lives
$503,750/
*
A
1,500,000
930,000
and
Granting Annuites
1
—«——;
First National Bank of Philadelphia————
Tradesmen's National Bank and Trust Co.——
■
1,700,000
*
503,750
503,750
'
500,000
500,000
300,000
1,100,000
503,750
310,000
620,000
$12,500,0000
Trust
Girard
Notes
Notes
$3,100,000
3,400,000
—
Philadelphia National Bank
The
$3,875,000
400,000
Co.——
The Manufacturers National Bank of Detroit—
National Bank
of
Detroit—
—
Total
after
of the offer of the common shares to shareholders, the
intends to issue and sell approximately $30,000,000 of un¬
secured sinking fund debentures and to use the proceeds of such sale
in the amount of approximately $18,633,000 to retire in full its pres¬
ently outstanding funded debt and to apply the balance for the
purposes set forth above.
This funded debt consisted as of. June 15,
1946, of $14,738,500 borrowed by the company from Reconstruction
Finance Corp. which may be. rtepaid at any time without premium
and
$3,875,000 represented by notes of Budd Wheel Co. which may
currently be redeemed at a premium of V2 of VIo, which premium
now
aggregates $19,375.
These notes, listed in the above table, were
issued by Budd Wheel Co. on Nov. 30, 1945, for the same purposes aar
expiration
necessitated the bank loans of the company.
v
Company has received a letter from The Equitable Life Assurance
Society of the, United States stating that its finance, committee has
(subject to working out the various details by its officers and counsel
and those of the company) approved the purchase of such an issue.
It is the company's present expectation that: (1) the debentures will
mature in 15 years; (2) they will not be convertible; (3) the interest
rate will be 3%%; (4) the sinking fund payment will be $1,250,00(1
annually plus, beginning in 1947, approximately 20% of the consoli¬
dated
net profits of the company for the preceding year;
(5) tho
debentures will be
redeemable through the sinking fund at their
principal amount and redeemable at the option of the company on 3D
days' notice, as a whole or in part, at their principal amount plus a
premium which will be 4% thereof for the first year and thereafter
will decrease each year by Va of 1%
O/2 of 1% in the last two years
prior to maturity); (6) except for purchase money obligations and
acquisition of properties subject to existing liens not exceeding $2,000,000 at any one time, the indenture will prohibit the creation or assump¬
tion of funded debt by the company unless the total funded debt does
not exceed $15,000,000 or 20% of consolidated net tangible assets of
the company and its subsidiaries, whichever is lesser, and the pledge
or mortgage of assets of the company or any subsidiary, etc.
,
'
CAPITALIZATION, GIVING EFFECT TO PRESENT FINANCING.
'
*
*
Authorized
Outstanding
4% loam due $1,000,000 annually———
2%% notes, due $125,000 quarterly plus
percentage of annual earnings———
;
*
$15,244,000
4,000,000
Pfd. shrs. (no par).
pfd. stock ($100
Common
shares
*Excluding
tween
that
——
(no par)—i.
256,275
date
143,194 shs.
None
*3,223,364 shs.
shares subject to options at Dec. 31, 1945.
Be¬
June 21, 1946, 20,075 shares were issued on the
: "
" ,
225,000 shs.
113,225 shS,
—4,000,000 shs.
—
par).-——-
and
exercise of options,
,
/
BUSINESS—Company's operations are conducted through four divi¬
sions.
The Automobile Body Division manufactures and sells bodies
and
body
parts
manufactures
for
the
sells
and
industry.'
automotive
hubs,
wheels,
and
drums
The
Division
Wheel
brake parts for the
brakes. The
Railway Equipment Division manufactures and sells light-weight stain¬
less steel railway passenger cars and highway trailers.
The Induction
Heating Division manufactures and sells equipment for the heating of
metals
by electrical induction for forging and heat treating and ?
automotive
industry, agricultural implements and railway
13,127
79,498
$4,088,074
$5,137,522
1,520,401
2,214,583
22,700
267,700
688,000
Automobile Body
52,126
60,833
217,492
200,901
Railway
$2,082,481
Wheel
Short-term
$1,499,708
510,000
$906,174
b9
The bank loans now outstanding, which bear interest at the rate of
14,978
$1,003,165
If such additional financing
to accom¬
retention as general working capital.
and
accepts contracts for heat
the
unfilled firm
company
Wheel
-V.
the balance of
deemed necessary
are
expansion.
A portion of
vided temporarily by the
The
deductions
equipment during
expenditures
order to provide funds to
receivable incident to such
these financial requirements has been pro¬
short-term bank loans, and the balance of
these requirements is expected by the company to be provided out of
the proceeds of the present financing and the further financing, con¬
capital
carry
$5,077,849
59,672
'
capital
by the company to enable it to handle efficiently its greatly expanding
business.
Company also considers it advisable to increase its working
36,100
(net)
These
year.
and
machinery
additional
of
current
the
499,133
income
merged into Edward G. Budd Manu¬
was
facturing Co. and the name of the latter was changed to The Budd Co,
$1,590,525
Other
and
Interest payable on Jan. 1 and
in New York.
Coupon in de¬
to principal only, and fully
Corn Exchange National Bank & Trust Co., Phila¬
and The Chase National Bank, New York.
Registrars: Drexel
Agents,
company
■
■y
100,000
Wm- J. Mericka & Co.,
,
157,295
150,000
.
Co., Inc.—
& Co.
Neal
prices
i»•*'.•»•* ivU-
PROPOSED ADDITIONAL FINANCING—As soon as practicable
—i
Woodard-Elwood
Wyatt,
& Co. i.—-—;_«——»••
$22,890,462 $22,344,557 $20,828,228
Storage revenues
/ 1,203,031
1,142,446
1,249,421
Proceeds from trawler catch—
649,750
745,633
390,857
172,543 "
1
4ty-«."'/■
share for each five held.
one new
Transfer
100,000
The White-Phillips
2,250,000
100,000
100,000
v.
banking
rate of
Cummins,
&
Inc.
Thalmann
100,000
500,000
Inc.—.
Co.,
8e
Wheelock
McMaster Hutchinson
———,
——————_
&
Arnold
Weil
100,000
Moran & Co.—
&
'
Weeden
Morris Mather & Co.—
Corp..
Wainwright
150,000
John Kormendi Co
100,000
200,000
-
—
Co.
300,000
and Co., Inc
and
revnues
H.
C.
&
Dabney
Townsend,
Wachob-Bender
Johnson, Lane, Space
Mosan,
Company—
300,000
&
100,000
; Hill & Ca
Hirsch & Co
Apr. 29/44
Co.—
Stokes
Tyson
^
at $17.75 each. The shares represented the unsubscribed
part of 540,573 shares first offered to stockholders at the
.100,000
100,000
150,000
100,000
Co.,
&
100,000
,
—
&
•!;
*
2,000,000
g 150,000
Showers
Stix & Co.
Walter
Bids wiir be accepted at
accrued interest.—V. 163, p. 2152.
_
&
„
Thomas
—-■
Ladenburg,
Hutton
250,000
Hanauer
B.
Inc.
seafoods———:
$18,548,191 $17,565,349 $17,838,519
—336,384
466,281
389,273
Quick-frozen fruits & vegetables
4,005,886
4,312,926
2,600,435
•
Robert
'Co.——-i—u—
J.
exceeding par and
July
mortgage 4% 50-year gold
exhaust the sum of $20,400
first
to
•
Stringfellow—
&
of
amount
2,250,000
-
-
Sills, Minton & Co. Inc.
400,000
1,000,000
250,000.
Hallowell, Sulzberger &
Sardines
Other
500,000;
;
2,250,000
Bros. &
Pomeroy, Inc.
Scott
Ander-
son'
Gregory & Son, Inc—
Gruntal & Co———
«,,,-•
——.
100,000
Schoellkopf,
an
plish these purposes/the- proceeds of the presept financing will
applied in part to general working capital of the company.
100,000
150,000
of
on
syndicate headed by Carl M. Loeb,
Co., and Blyth & Co., Inc., completed July 10
marketing of 68,714 shares of common stock (no par)
100,000
Gardner.
Hutzler
"""
William.
22
noon
is not
Rogers & Co.
L. F. Rothschild & Co.
Salomon
it
to
April 1, 1952, sufficient
available in the sinking fund.
trustee,
to 12 o'clock
up
300,000
-m,———.——
&
successor
100,000
Ranson-Davidson
Hartley
200,000
.
250,000
——
:Inc.
Graham, Parsons & Co.
100,000
Co.,
E. Pollock &
Reinholdt
150,000
100,009
Corp.
A—
100,000
Co., Inc
Rauscher, Pierce & <3o.,
500,000
—
100,000
—-
Quail' &"Co.—
The
&
Foster & Marshall——
BADED
Apr. 28/45
.nnnnn
The First Cleveland
3,000
CONSOLIDATED INCOME STATEMENT YEARS
100,000
Copeland &
Inc.
1,000,000
duPont
I.
Inc.
3,000
—Lr—
—
Palmer Co.—
S.
Robinson
Co.,
&
Fauset, Steele & Co.—
First California Co.,
3,000
3,000
3,000
.
150,000
2»250,000
100>^
Wm.
300,000
3,000
—„
Co
Sills, Minton & Co,.
Total
Dickson
200,000
500,000
Co.—
&
Phillips, Schraertz &
100,000
Merle-Smith
&
S.
R.
3,000
—
Securities Co. pf Chicago
Fish
House & Co—
Cook
O'Gara & Co.—
200,000
Curtiss,
150,000
Peters, Writer &
Christensen, Inc
100,000
Dempsey & Co.
3,000'
3,000
-
——X——.
Hill, Richards & Co
—J——,
Rauscher, Pierce & Co., Inc.——
Scherck, Richter Co.——
"
Securities Corp.—
Clayton Securities Corp.
City
100,000
500,000
Co._
Co.
& Co.
Ross &
Newton
M.
Co~,
Trust
mately
—
——
Kendall, Inc.
500,000
Brothers
the
each
100,000
Patterson,
—,
Inc.
Co.,
of
by
Park-Shaugnessy & Co.
100,000
1,000,000
&
purchaser
& R. C. Miller &
Roger
Central National Corp._
3,000
—
.
Cruttenden & Co.
Heronymus &
'
*
principal
Rhoades &
be
to
OtiS & Co.—:——-
200,000
Tindall & Co._
Co.
5,000
5,000
3,000
—
Co.—„——
&
Collins
Julien
—;
Dewar, Robertson & Pancoast
The First Cleveland Corp.
First
C.
Byrd
5,000
-.a
trust
——
Alfred
100,000
5,000''
.
funds
in
purchaser
be
Newhard,
E.
100,000
100,000
5,000
■
t
of
(plus X
.
Co,
100,000
Bioren & Co
12,000
5,000
rr*-~
$5,400,000
Budd Company—Common Shares Offered—An invest¬
sale
Nashville Securities
100,000
—_
to
Mullaney,
100,000
Co.
principal
Co.
150,000
&
Co.—
&
Bingham, Sheldon & Co.
17,042
17,042
17,042
'
;
from
company
deposited
bonds
E. W.
Bleich-
S.
Baum, Bernheimer Co._
Barrow,
X,
—-
proceed
Farmers
due
.H'i f'A'y':?-'u.i
Metropolitan St. Louis
100,000
.
2,850
—
Co.,; Inc.—-——.
&
;
pempsey & Co. .,—2———.—— ————,
Loewi & Co._
——../..i,;—.t_.
now
sale
the
for
bonds
be
to
^
100,000
Inc.
Burr
4,050
4,050
4,050
(Inc.) _———
—
Co.—————.—
Corp.—
——
——
and
Allyn
be
each
of
Co.
Co.—_
Jones
Francis
Higginson
&
of
Bankers Bond Co.,
The
Number of Shares
Central Republic Co.
to
j
.
-
$4,760,000
above and
interest-)
name
25
not
interest)
and
Bank
City
ment
the
amount
Inc
Aub
E.
A.
follows.;
as
and
roeder,
Atkinson,
Dick
>
$1,535,100
.?:
$7,650,000
Arnhold
UNDERWRITERS—-Tlie names of the underwriters and the number
shares of preferred and common stock to, be purchased by each
are
.'
-
to
mentioned
„
Inc.
series.
v\
with
and
principal
Stuart
Halsey,
TO PRESENT FINANCING
.
,
1946.
1,
the
Allison-Williams
15,000 shs.
*500,000
207,349,753 shs.
for issuance , upon the conver¬
convertible preferred stock 4%
series
(par $5)
stock
*45,000 shares are initially reserved
sion of the 15,000 shares of cumulative
V
bonds
$666,562
follows:
as-
.are
"J
Common
of
and
Brooke,
Cumulatice
*
„
the redemption on or about Aug.
general mortgage sinking fund bonds,
together
mortgage
J.
Cumulative pfd. stock (par $100)
of
applied
UNDER WRITERS—-The
bonds
Company was or¬
Outstanding
as may
with the
sale
of preferred
stock together with the amount
the general and special funds of the company:
about Sept.
or
in 1933 of Booth Fisheries
/-^Authorized
25,000 shs.
The
Street, New York, N. Y., will receive bids
the redemption on or about Sept. 1, 1946, of $11,850,000
25-year 4% sinking fund debentures,-due Sept. 15, 1969.
Should prevailing conditions make it inadvisable to effect the sale of
the preferred stock, then in that event $4,760,000 25-year 4% sinking
fund debentures, due Sept. 15, 1969,. will be called for redemption on
subsidiaries is commercial fish¬
.
the general funds of the company
premium
be
to
(in¬
and
23)
to
warehousing.
it'i
July
from
from
premium
ing and the procurement and distribution of fish and seafoods; the
procurement and distribution of quick-frozen fruits, vegetables and
other foods; the canning of Maine sardines;
and public cold storage
■warehousing.
The business therefore, divides itself into four major
divisions:
(a) fish and seafoods, (b) quick-frozen foods (other than
fish and seafoods), (c) sardine canning, and
(d) public cold storage
CAPITALIZATION GIVING EFFECT
(plus
trust
$7,000,000,
general
'
of the company and its
The business
in
Proceeds
active subsidiaries, all 100% owned—Booth
Ltd., Booth Cold Storage Co. (111.), and Booth
three
1946,
Bush Terminal Co.—Seeks to Purchase Bonds—
public bidding
the general funds of the company:
necessary from
necessary
Co.
Fisheries Canadian Co^
for
up
$4,760,000 to be deposited in special bank account to be applied
toward the redemption on or about Sept. 1, 1946, of a like principal :i
amount of 25-year 4% sinking fund debentures, due Sept. 15, 1969.
will be added to the general cor¬
and used for general corporate purposes.
COMPANY—Company was incorporated in Delaware July 13, 1933,
and is the successor througn a line of several predecessor companies, to
business
preferred
the new securities
(2)
applied
ganized as the result of the reorganization
(Del) its immediate predecessor.
of
15,
1946, of the $29,240,000
3V2c/r series, due Sept. 15, 1969,;
porate funds of the company
a
shares
$29,240,000
deposited
at $471,658)
(estimated
70,000
such additional amount from
will
proceeds
1,
each
:
proceeds of the sale of
be necessary, will be applied to the following purposes:
Proceeds from sale of general mortgage bonds together;
into 109,014 shares of the presently
PROCEEDS—The net proceeds from the Sale of the preferred stock
be $1,432,250.
So much as may be required of such net proceeds
will be used to redeem at $105 per share, plus dividends, all of.,the
9 148 5 shares of preferred stock outstanding.
The balance of the net
Aug.
on
,
special
cluding
(prior to a three-for-one split-up of the common
stock effected in Feb. 1945) Central Republic Co., A. C. Allyn and
Co
Inc.
and Lee Higginson Corp., each purchased 10,446 shares, and
R. P. Fletcher, Jr., purchased 3,000 shares, cf the common stock of the
company from certain stockholders, at $25.75 per share.
^
,«•
In February,
1946, the company amended its certificate uf incor¬
poration to increase its authorized common stpek to 500,000 shares and
split the shares of common stock outstanding three-for-one.
As a
result
the 36,338 shares purchased
in October, 1945, by Central
Republic Co., A. C. Allyn and Co., Inc., Lee Higginson Corp., and
R. P. Fletcher, Jr., were converted
outstanding common stock.
redeem
upon
PURPOSE—The net
1945,
October,
:in
will
Co., Buffalo, N. Y., or at the office of J. P. Morgan & Co, Incor¬
like notice through the operation of the sinking and
Holders of the debentures to be redeemed
fund or the replacement fund or in the event that the y porated, New York City.
is required to redeem all the bonds of all series, at the special |, may receive immediate payment at either of the paying offices.—
V. 163, p. 2848.
:
redemption prices. The initial optional redemption price is 106 and the
deemed
r
•.
corporation
of its 2'/4% debentures due Feb. 1, 1951, at 101V* and interest.
Payment will be made at the office of Manufacturers & Traders Trust
re¬
company
Republic Investment Co,——■: 3J,338
v 31,338
A. C. Allyn and Co., Inc..;
—
!
31,338
31,338 ^
Lee Higginson Corp.
—1
-—:
1
31,338
31,338
Reconstruction. Finance -.Corp.—. U;.
R. p. Fletcher, Jr——.
.
'
Leard A. Murchison ..—
-3,000
1,000
_
The
amount
1
'
:
optional
the
/^Buffalo N iagara Electric Corp.—-Galls Debentures—
improvement
Central
,
at
company,
Monday, July 15, 1946
were
Division
treating.
.
orders on hand on April 30,
as
follows:
Division.—
•
$72,871,000
A—....——
—:
Equipment Division—
Induction Heating Division
1946, for products of
./v.'/-/?
—
—
—
————
25,627,000 *
59,054,000 «'
919,000
,
$2,034,037
Total
-
$158,471,000
'f>
% A
'Volume 164
Number 4507
1
UNDERWRITERS—The
centages
of
follows:
shares
*
;
THE COMMERCIAL & FINANCIAL CHRONICLE
the
of
names
unsubscribed
■
to
and
underwriters
be
purchased
the
each
by
Central Arizona Light & Power Co.—15-Cent Div.-^
per-
as
are
.The
»
ft
carl
.
M.
••f'Co..
Loeb,
Rhoades
the
Blyth & Co., Inc.
: 7.625
Glore, ForganA
A 3:73
/. W. C. Langley & Co.—>—
3.73
Lehman
Brothers
Betts, Borland A Co
H.
Frank
Allyn and Co. Inc.—
Bear, Sterns A Co._
Curtis
*
2.98
__________
E. H. Rollins & Sons Inc.—
1.40
Wm. C.
Sutro
Co
1.40
Chaplin & Co.
Peet
Prescott
1.32
i
Schoellkopf, Hutton A
*
Pomeroy, Inc.—-i——
;
1.32 A
;:
A
First
of Michigan
Corp.—
Harris, Hall A Co. Inc.
1.32
Shuman, Agnew & Co.——
Singer, Dean A Scribner—
The
1.32
Stroud
A
Marks A
Co.
Inc
1.32
William
-
-win
.
wA—;
Co;——,
1.32
PI S. Yantis & Co. Inc.,—
.70
.70
Co
1,342,913
1,268,660
" "
;
'
x.'/
'
•
24,120
■
•
■
329,808
;
•
-
"
54,187
'
■
282,418
x'^
-
•
•
"
.
,
—"
—
1
■
•
-
■
22,733"
'
;.
■
'
'
•
..
.
A
Yarnall & Co.—~
.70
$7,119,894
3,861
118,506
77,054
5%
for
30,000 shares of
stock
4Vaft
The
$493,441
$7,238,400
174,844
2,058,629
2,160,220
$25
preferred stock
cumulative
136.304
,
73,223
1,896,379
will
$245,374
$3,283,392
1,330,379
writers
.
A
Space
R.
are
Co.,
Pierce A Co.
of
S.
Dickson
and
from
Court & Co.;
Evans A Co., Inc.,
A.
the
shares
25,000
Johnson,
Inc.;
Co.,
Clement
inc.;
Proceeds
preferred
&
sale by
of
111,820
and
used
to
at
the company of 30,000 shares
will be used to retire the
5%
cumulative
shares
by the
6% cumulative preferred stock, modernization
of existing units, opening of new units and additional working capital.—
V. 160, p. 1396.
a
Light
offered
to
company
rights
which
directors of
common
stockholders
pursuant
the
July
will be used
-
and
company.
PURPOSE—The
■
California Electric Power Co.—Bonds Offered—A syn¬
dicate headed by Halsey^ Stuart & C6^Inc.y on Juljr 3
1946,
8,
The issue Was awarded July X on a revised bid naming a price of
The revision by Halsey, Stuart A Co., Inc., and associates
when their original bid,-naming a price of 103.65, proved to
be identical with one received from an investment banking
group led
by Kidder, Peabody & Co.
To break the tie, the Califprnia Electric Power Co. allowed- the
groups a period bf two hours, until 2:00 p.m., within which to; im»
prove
their bids.
Kidder, Peabody & Co. and associates made no
change in their original offer.
.... A
third group, led by Dillon, Read A Co. Inc., offered a brice of
1st
103.7199.
mtge.
Feb.
3.6ft
of
sale
to the
Common
stock
of
the
.
additional
the
Dated
the
June
trustee
1946;
1,
due
June
1, 1976.
Interest payable
than
agency of company in Hew York city or;
Denver, Colo.
Bonds will be redeemable
In
less
not
30
days' notice in whole or in part at any time prior to ma«
l;5 turity at the option of the company at the general redemption prices,
the initial general redemption price being
107%; bonds will also be
redeemable
like
on
notice
on
after
and
June
1,
1950,
through
tion of the improvement fund at the special
redemption
initial special redemption price being 104% plus interest in
each
aeries
due
1988.
-
-
Is
a
is
Halsey, Stuart & Co.
Moore, Leonard &
Lynch;
$2,800,000
Inc.
;
Net
Net
public
Arnhold
\
and
S. Bleich-
roeder, Inc.
Pacific Northwest Co.
,
150,000
William Blair A Co.,,—
500,000
250,000
12,000 shs;
114,000 shs.
1, 1944.
—V.
450,000
*480,516
L. F. Rothschild & Co._
Company,
Coffin
—
Inc.
&
Co., Inc.
_______
Burr,
Inc.—
Salomon
Dempsey A Co.X—"
100,000
Shields
Dick A Merle-Smith-—
700,000
Pauset, Steele A Co—
Graham, Parsons A Co.
Grimm A Co.,—,—
Ira Haupt A Co,———
100,000
Walter
Stokes
250,000
100,000
Stroud
A
450,00J
Wachob-Bender
450,000
100,000
100,000
Weeden
The ,Illinois Co
pi Thomas Kemp & Co.__
Minsch, Monell A Co.,:
exclusively
Bros.
in
business
the
of
Thomas
&
300,000
Co
&
100,000
1
of
1946—5 Mos.—1945
of the
Net
409,807
—_
446,492
2,069,998
Washington,
D.
to
sell
Higgins
boats
and
other
marine
products.
Issue is not underwritten.
'
Cariboo Gold Quartz Mining Co.,
-
;
\
MAY 31;
Operating profit-—;
Depreciation and depletion
;
1946
i_X__i,—___—__—
—
x
Ltd.—Earnings—
RESULTS FOR FOUR MONTH3 ENDED
Production
$954,957
-
36,654
;.y 33.805
;___
Carscor
Gold
$2,848
,
Mines,
Ltd.,
of
Toronto—
11 Broad Street, New York,
City of New York,
•
;
.
;
V.
The company
for
400,000
name
of
on
shares
an
of
common
American
a
underwriter
Offering to the public will be at $1
ceeds
will
be
used
ploration, sinking of
for
a
variety
shafts,
of
a
The
by
share
company
will
post-effective
in Canadian
purposes
in
supply
This involved carrying 102%
funds.
with
capital.
J.
A.
71,826,732
11,898,285
19,020,658
the
Proex-
X
revenue passengers.
more
Traffic
Vice-President,
Earling,
poration flew 62,160,000 revenue
and
passenger
31,519,711
1946,
of
an
the
During
.
carried
months
from
Jan.
through
1
;.
■ ■;
stated,
Sales,
"the
cor¬
first half
miles during the
increase of 81% over the same period
airline flew 34,270,378 passenger miles."
;
of
when
1945
the
,
June
<
the
30,
company
the same
against 75,080 for
102%. These figures represent
which serve Chicago to New
Orleans, via Peoria, St. Louis, Memphis, Greenwood, and Jackson, Miss.,
and Detroit to Houston, via Toledo, Fort Wayne, Indianapolis, Evansville,
Paducah, Memphis, Little Rock,
El Dorado,
and Shreveport.
Service on the C. A S. Caribbean routes will begin in the early fall
151,530
traffic
'
N. Y.—V.
.
revenue
A
C.
S.
passengers
domestic
as
routes
1
.
„
of June
1946, there was an increase of 64% in the
carried as compared with June 1945.
This is the result of carrying 28;300 passengers in June 1946 as com¬
for
of
revenue
with
pared
June 13 offered 40,000 5 %
on
the
on
of this year.
-For the month
162,
June
17,231
1946
passengers
passengers
11,762,500
were
1
■■■
X"
in
June
as
1945.
Revenue
compared
with
preferred and common shares, Harris Trust
A Savings Bank, Chicago.
Registrar for both such classes pf shares,;
First National Bank of Chicago.
'
The 5ft cumulative convertible preferred shares are convertible,., at
option of holder, at any time into full paid and nonassessable common
,
shares
the
on
Preferred
basis
shares
of
two
common
shares
subject to redemption
are
for
at
each
of the
share
a
and
unpaid
if
after
redeemed
dividends
to
date
July
of
1, 1948,
redemption.
during
were
together with accrued
Dividends on the 5ft
1,
1.
securing the
1945,
proceeds
....
;■
(estimated
company's first
(closed)
were
used
for
2.
To
3.
To
purchase
the
will
be
applied
estimated
•>4. As
of
Chicago) the proceeds
working capital—
of
which
\\f
additional
amount
capital—
machinery
model
and
$300,000
and
equipment
in
——
■
h
150,000;
—
;
;i
S
/
759,694
1945
1921,
chiefly
business
^
j
to
basis;
and
Substantial /sums
(no
par).,
were /
until, at present,
in three models
Marcus
to
4 ;
Welding.
in
constantly
and
experimentation was begun in the manufacture
the ultimate aim to produce on an as-
technique
PURPOSE—The
be used
* " '
engaged
expanded
II several important Army and Navy subcontracts
fulfilled.
One in particular for the Electric Boat
resulted in the receipt of an Award of Merit.
a
expended
capital ' is
authorized
Company
A. Hall
perfecting
known - as
is in production.
100,000
began business
shares ;qf
with issued stock
issued to Jack Churchward as
and Gull J. Keyes,
proceeds from the
in
cruiser
steel
(Sport, Day and Sedan)
55,000 shares of which were
55,100,
<«
-
in
the
payment for a transfer of the Churchward A Co.
concern.
The balance of the original issue was
issued
—
.
Conn.,
1932,
as
stock
common
of
•
60,964
of
"/
*
-
■.
(
steel .cruiser with
Jine
"Steelcraft"
'
V
.
loans
;
additional
the
as
discharge machinery purchase notes in the principal
amount
early
small
sembbly
mort¬
War
Groton,
a
of
operations
time
CAPITALIZATION—The
$1,270,658)
($225,000 owing to Har-
.vris: Trust A Savings Bank and $75,000 to Merchandise
Bank,
World
As
;
.>>.' v,>
To discharge certain bank loans
-
X
that
successfully
of
Co.
Jan.
dated April
gage bonds.
offering to the public 26,058 shares of common stock
began
Company
Between
preferred shares are cumulative and are payable quarterly
1, April 1, July 1 and Oct. i of each year. The redemption ot
preferred shares and the payment of dividends on preferred and com¬
mon shares is restricted
by the limitations in the indenture of mort¬
on
June
COMPANY—Company. was incorporated in Connecticut in Decem¬
ber, 1945.
Immediately thereafter the company acquired the business
Haven,;} Conn
com¬
pany as a whole or in part at any time upon not less than 30 days'
notice at $26.50 a share if redeemed on or before July 1, 1947; $26.25
a
share if redeemed thereafter and cn or before July 1, 1948;
and
$26
miles
,
properties and assumed the liabilities of the proprietorship known as
Churchward A Co., which business was located at 37 Water St., West
preferred share.
the option
for
,
at $10 per share.
(no par)
;
passenger
8,146,103
.
Churchward & Co., West Haven, Conn.—Stock Offered
The company is
Transfer agent for both
amendment.
connection
diamond drilling and working
74,901,533
28,581,104
.
1945.—V. 163, p. 3415. •
registration statement with the SEC
stock.
'62,909,033
82,142,774
12,800,568
31,780,426
5,272,880. 11,636,071
railway
cumulative convertible preferred shares at par ($25) per
National
June 24 filed
6,278,166
3,457,045
-biky
oper;
number
fered—Cruttenden & Co.
;
", Registers With SEC—
;
5,724,396
2,508,890
Chicago & Southern Air Lines—Traffic Up—
1944,
PURFOSE—Net
Porcupine
$15,341,582 $14,757,169
;
2,639,150
;
"
railway
from
6,685,669
The corporation. flew 81% more revenue passenger miles during the
first six months of 1946 than it did during the same period of 1945.
debentures will
follows:
,
U,363,392
428,730
income—V. 163, p, 3130.
Chefford Master Manufacturing Co., Inc.—Stocks Of.
—V. 163, p. 648.
,
$10,881,284 $17,286,191
railway
railway-^income--
from
ry.
cumulative
$362,893
—
profit
'vV-V
oper.
Net
sinking fund debentures outstanding under inden¬
are
being notified that $100,000 principal
be redeemed on Aug. 1, 1946 at par.
will be made at the office of The Chase National Bank
1,
these
gage
Net
10
share, and .40,000, common shares (par $4) at $10.50 per
C.—
The company on June 26 filed a letter' of notification with
the SEC
for $40,000 of 10-year 5%. sinking fund notes and
4,000 shares of $1
par common stock.
Offering price, $500 a unit, consisting of $500
par value of notes and 25 shares of common.
Proceeds will be used
store
from
ry.
Gross
2,228,707
$90,310 *$2,845,486
♦$798,602
share.
hiring
in
From Jan. I--1;
131.
p.
the outstanding 3%%
first mortgage bonds due 1968 have
redemption on Aug. 8, 1946 at 106 % and interest. Im¬
payment/ at the full redemption price may be obtained at The
International Trust Co., trustee, Denver.
COlo.; or at the office of
for
t\
com-i
Salomon Bros; A Hutzler bid 99.3719 for .!%&: Halsey. Stuart A Co;,
bid 99.138 for l%s and Harris, Hall A Co.; bid 99.562 lor IVis.*—
Gross
314ft
of
Redemption
350,000
Dillon, Read A Co., 28 Nassau St., New York, N. YAv. 164, p, 5.
>
$95,526
certificates will be
The
mature
Net', from
other
and
Aug,
of
amount
150,000
of
Inc.,
Crl4,698
$92,193
$127,542
Chicago Rock Island & Pacific Ry.^—Earnings—
May—
"
1946.
'1945
1944
' 1943 ' '
retroactive
ture
Cummins,
Inc.
mediate
Supplies,
Cr 14,414
_.—
—_
$163,582
V. 164, p. 5.
$4,779,631 $19,137,060 $25,012,640
454,760
♦1,270,541
2,722,070
,536,803
*775,488
3,183,664
♦388,795
income
Holders
250,000
been called for
Capital Marine
Files With SEC—
tax__—
Inc.
'
-
191,503
dated July 1, 1946, and
equal annual instalments, beginning
on July
1, 1947.
They are to be issued to finance iii
part 700 steel hopper cars, to cost about $1,990,170.
{
Central Soya Co., Inc.—Partial Redemption—
200,000
Calls 3!£% First Mortgage Bonds—
All
75,549
;
period of 1945. This was an increase of
300,000
Corp._
Inc.—_
F. S. Yantis A Co., Inc.
?
108,272
183,660
.
2772.
p.
tions.
450,000
Co._
Co.,
163,
will
.
1,000,000
Co., Inc
&
Wheelock
;
Company
&
178,461
353,285
ex-
awarded June 18 subject to approval by the InterV
Commerce Commission, an issue-of $1,500,000 of
equipment trust certificates to Central Hanover
Bank & Trust Co. on its bid of 99.74 for 1%% obliga¬
Executive Officer William Wyer, in releasing the monthly
attributed the major part of the deficit to the cost of meeting
wage
increases recently granted
the road's 10,000
employes and he added:
"Our deficit will continue month by month unless the Interstate
Commerce Commission acts favorably on the petition of the nation's
railroads for freight rate increases needed to meet these higher wages
and the increased costs of materials and equipment." ;
He said that the freight rate increase granted within the past week
by the ICC would aid only partially in cutting down the deficits the
Central is incurring in its daily operations—V. 164, p. 146.
1,000,000
.
—
&
120,193
$347,881
serial
report,
the
A
Hutzler
11,071
:
-
$375,712
JlklChesapeake & Ohib Ryy-^ciuipmfeht Issue—The
in
♦Deficit.
1,000,000
Stern Brothers & Co.__
X
41,240
210,000 -.1
of
profit
Net
200,000
550,000
100,000
J. M. Daln A Co.
income.
Net
The Ranson-Davidson
550,000
&
operating
1946—Month^-1945
$3,530,621
income—
oper.
Fixed' chgs.
100,000
1,000,000
_______
Central Republic Co.
(Inc.)
utility
Chief
Patterson, Copeland A
Kendall, Inc.
Phelps, Fenn A Co._
Burr
23,950
$336,810
;
200,000
Alex. Brown A Sons—
————
'
principally
revenue—
oper.
ry.
Gross
1,000,000
—
$659,289
139,837
$334,472
as of Feb.
Central RR. of New Jersey—Earnings—
350,000
Otis & Co.
200,000
*
$493,776
208,754
.
state
deductions
■
$635,339
profits
cess
150,000
Mullaney, Ross & Co.
Inc.
.
$473,674
20,101
.
$4,214,000
25,000 shs.
175,000 shs.
—
.
Ames, Emerlch A Co,,
operations
income
,
•
engaged
Period End. May 31—
,w.,,
292,557
pany
Gross
UNDERWRITERS—The names. of the bond purchasers and the
respectiveprincipal 'amounts of new. bonds severally; to be purchased
by each* are as follows,' -' \ •
180,829
expenses
the
*
:
314,438
expenses-
refund
..
PURPOSE—The-estimated net proceeds ($16,595,184) to be received
by the company from the sale of the new bonds will be applied to the
redemption of the outstanding $16,000,000 first mortgage bonds, 3%%
1,848,396
424,355
:
taxes-;
names of the underwriters and the number
purchased by them, respectively, are as follows:
The First ; Boston -Corp.—
6,068 shs.
The Ohio Co.
_X
6,067 shs.
—-V. 163, p. 3129.
case.
$2,639,484
654,404
.Federal
UNDERWRITERS—-The
the
prices
1943
588,944
^Postwar
Outstanding
of shares to be
opera¬
-e
1944
-
income
transmission, distribution, purchase and sale of electric
heat, power and general industrial and utility pur¬
poses, and as an incident thereto, furnishes hot water for heating
in a restricted area in Findlay, Ohio. v'-.
'
^
,Of its total operating revenues of-1 $2,461,830 for the 12 months
ended April
30, 1946, $2,410,079 or approximately 98%
was derived
from the sale of electric energy, and $51,752 or
approximately 2%- was
derived from the furnishing of hot water heat.
June
on
It
1945
3,371,819
adm.
Other
stock
common
,
1
Ohio.
5,00Q
PERIODS
$4,339,401
Gen.
for light,
energy
at office of
on
of
6,500
$6,320,262
4,737,962
expenses-
A
6,500
$4,530,841
3,287,393
goods sold™
Selling
generation,
102.349.
il*and-Dec.; T at:
State
9,000
1
5,000
less returns-
Cost of
and
13,000
;
.
———Years End. June 30—-—-
Mar. 9,'46"
Gross sales,
etc.
X
ACCOUNT FOR-STATED
36 Wks. End.
Other
•Unlimited, except by terms of indenture dated
.
Common
13,000
-—~
;
.
(par $100)
$10).:—;
BUSINESS—Company
Co.——.
INCOME
,
,
A
Bateman, Eichler A
-
Total
-cum.
(par
the
and
follows:
as
company's property, plant and equip¬
bonds, series A, 3% ft, due
1, 1974
pfd. stock,
are
-
present
officers
Authorized
came
agreed to purchase
Preferred
CAPITALIZATION GIVING EFFECT TO PRESENT FINANCING
1976 at 104^ and interest.
500,000.
underwriters
Newhard, Cook A Co.—9,000
Julien Collins A Company—-———6,500
A. G. Edwards- and Sons———___—.— v..
6,500
City Bank of Cleveland.
ment^^ And ;f or otherv c^
offered $16,000,000 first mortgage bonds, 3% series due
employees,
to
several
-
proceeds
for additions
to
the
pre-
shares offered
to subscription
30,000
of
has
B
class
Profit from
of
shares
common
names
each
*
& Power Co.—Stock Offered—The
the balance
expired
authorized
which
Cruttenden
share. ..Proceeds
represent
its
the
shares
SEC
increase
Transfer Agent—National
'
convertible
of
the
$32.50 per share.
The
common
v.
40,000 shs,160,702 shs.
Number of Shares
First Boston Corp. and The Ohio Co. on
July 11 offered
to the public 12,135 shares of common stock
(par $10)
Lane,
% presently outstanding
,
letter of notification with
a
increase
to
UNDERWRITERS—The
number
•
July 3 filed
on
Central Ohio
Rauscher,
and
be
<•
80,000 shares reserved for conversion of preferred shares.
March 9, 1946, the company had 200,000 common shares
(par
authorized, of which 120,702 shares were issued and outstanding.
On May 31, 1946, the articles of incorporation were amended tc au¬
thorize 40,000 5ft
cumulative convertible preferred shares (par $25)
$3,133,938
1,341,836
working capital, reduce or liquidate
debt and expand operations.
Issue is not underwritten;
X /
($1 par) common
stock.
Company is offering all of the preferred and 25,000 shares of
common.
The remaining 50,000 shares of common are being sold for
the account of D. L. Slann, President; Benjamin A. Pollock,
VicePresident, and Bernard Feldman, Secretary and Treasurer.
Under-
40,000 shs.
*500,000 shs.
—
t
'•i''
35,711
On
1,927,470
$264,361
100,363
publicly offered at $100
purchase warrants attached, and 75,000 shares
shares
*$575,000
*Includes
3,000 shares ($100 par)
ferred stock which will.be
with
par),
Outstanding
38,619
$4)
for
registration sttement with the SEC
a
FINANCING
$600,000
—_
pfd. shares (par $25j__
(par $4)
conv.
$7,221,628
148,050
company
cum.
Common
$548,713
PRESENT
TO
Authorized
(closed) mortgage bonds
Machinery purchase notes to RFC
$7,144,574
Central Mfg. Co., Roanoke, Va.—Files With SEC—
July 8 filed
was
succeeded
Chefford Automotive Parts, Inc.
'
•
other
Pfd, div. requirements,,
—V. 163, p. 3280.
Butler's, Inc., Atlanta, Ga.—Registers With SEC—
on
1935,
First
$489,580
3,310
Net income
~V. 164, p. 5.
The company
1,
GIVING EFFECT
CAPITALIZATION
139,939
______
$545,405
Federal income taxes &
equiv. spec, charges:.--
.70
The
A
108,685
ductions
.70
Westheimer
Barth
7,785,767
—
of July
as
.
6,746,389
.
Portland
—
1946—12 Mos.—1945
$1,212,299 $15,491,614 $16,722,935
1
taxes) —_
lease
Interest: and
.70
c.—
Watling, Lerchen A Co.—*.
J.
10
589,914
'
Gross income
^
.70
1.32
—
last, and
31,
115,759
taxes;
(Fed-
taxes
operating income'
Non-oper. income (net)
.70
Co..—
Staats
R.
1.32
Co.,
holders of record
to
Jan.
on
572,277
Net
.70
A.70
>.
Whiting, Weeks & Stubbs__
Wisconsin
semi-annual dividend of 25 cents
a
20 cents paid
and
:,
Walston, Hbffman & Good-
1.32
Co.,
U.
munic.
under
RR.
.TO
Schwabacher A Co.*___*__
1.32
Laurence M.
Fed.
Rental
,v: * :
>
A.. G.; Edwards and Sons—
Parwell, Chapman A Co._T
Company,
■
_____
E. W. Clark A Co.—1.32
Illinois
•
1946—Month—-1945
and -State)——taxes (other than
income
—';A.70
Co
was
15 cents
Co.—Larger Distribution—
$1,256,174
____
eral
Co.——- T .70
A
A
share
per
payment of
stock, payable July 31
with
revenues-L—
State-and
■
cents
a
31. 1945.—V. 164, p. 5.
expenses
Social' See.
.70
California—
of
Co.
17%
■•;',
July 2 declared
Period End. May 31—
Lynch, V; .70
Co.—
-.70
&
&
of
followed by
was
'•/
common
compares
March
on
Operating
Operating
.
.70
-
Cook
distribution
BUSINESS—Company
incorporated in Illinois July
to the business, assets, and'
(N. Y.);
Master Parts Manufacturing Co., Inc.,
(111.), and General Fabricating
Co. (an unincorporated company,
of, Chicago), Chefford Automotive
Parts, Inc., manufactured and sold automobile parts and accessories.
: The company originally manufactured automobile replacement parts'
and accessories, and added new items and models to tnat line from
time to time.
In Feb. 1940,
the company acquired ail the stock of
Make-A-Lite
(N. Y.), which had been-engaged in the manufacture
and sale of bicycle electric generators.
In August, 1940, the business
and assets of Make-A-Lite,
Inc., were transferred
to the company
which thenceforth added the manufacture and sale of bicycle electric
generators to its other activities. Make-A-Ute, Inc., was dissolved on
Sept. 20, 1940.
.
s
■
"v •■'t
During the war the company engaged In war work and also con¬
tinued production of automobile replacement parts and accessories, and
bicycle electric generators and lamps for civilian use.
The company's principal
business is the manufacture and sale of
automobile
replacement parts and accessories
and
bicycle
electric
generators and lamps.
All products presently being manufactured by
the company are being produced on a commercial basis.
1935,
liabilities of three companies:
Central. Maine Power Co.—Earnings—
,
The Robinson-Humphrey
V-A Co.
'—.70
1.32
:_
O.
H.
1.40
Inc!:
Blair A Co.,
Co
Leonard
Pacific
i—1.40
Dean Witter A Co.—
A
Newhard,
initial
last, which
on
the
on
This
10.
cents
.70
.70
.70
;'
An
1,
163, p. 775.
directors
share
per
July
.70
Mejia—
Inc.—
Moore,
.
1.40
Roney & Co._:
&
*
The
.70
.70
.
; .70
.70
Lester
2.98
Johnston, Lemon A Co.—
Piper, Jaffray A Hopwood_
10.
Central Electric & Gas
.70
Co.—;—
&
HISTORY A
July 1 declared a dividend of 15 cents per share
stock, no par value, payable Sept. 3 to holders of
March
.70
Hayden, Miller A Co———
Hill, Richards A Co——
Jenks, Kirkland A Co.—j-
2.98
Jackson &;
Aug.
on
June 1.—V.
.70
A Co
First California Co.
2.98
Webber,
on
Inc.
•Elworthy
2.98
W. E. Huttort A Co
Paine,
Cahn
Davies A
2.98
Hallgarten & Co
A
Brothers
B.
made
.70
Co.—.:
Boynton A Co.,
Bradford
.70)
___'
Brush, Slocum A Co.,
.
•
Wertheim A .Co._i_;._:._:..._*: 3.73 '
C.
C.
Buckley
3.73
-
F.
J.
3.73
'
A.
Elchler • A Co,*,,
Bateman,
7.625-
273
8,
on
common
record
A
——■
Union'Securities; porp.'-JJj
directors
„
on
•
T :•;• t
'1 l\
business as a going
subscribed
for
and
two of the incorporators.
sale cf this additional issue will
expand production, build new buildings, modernize existing
physical assets, and generally, for working capital.
/-r
•
-vV*
•
V
,
r.i'V 'J.;-:
THECOMMERCIAL
274
FINANCIAL CHRONICLE
&
15,04$
-Monday, July
-
.
-;r/««■
City Ice & Fuel Co.—Stock Sold—Holders, of the com¬
pany's common stock were given pro rata rights to subscribe to 114,827 shares of common stock at $31 per
share pursuant to subscription warrants;*.» 76,798 shares ^
were so subscribed for and the remaining 38,029 shares
.
publicly offered by the underwriters headed
A. G, Becker & Co. Inc., at $34% pev share and sold
them.
Further details are given in V. 163, p. 3415.
City Stores Co.—Stock Offered
-1923,
•
by^ Lehman Brothers op >July 3
publicly
$3I.5Q
writers headed
is necessary to
such additional
jale.
of
1,208,401 shares of the outstanding common stock
all of the 400,000 shares of the Class A Stock of the
and
increase the
equipment as
for$he corporation.
».
directly or indirectly
corporations engaged
primarily in the operation of six department stores.
These stores are
Lit Brothers, Philadelphia, Pa.; Maison Blanche, New Orleans, La.;
Iiowenstein's, Memphis, Tenn.; Loveman; Joseph <fe Loeb, Birmingham,
Ala.; Kaufman Straus, Louisville, Ky., and R. H. White, Boston, Mass.
GIVING
•'
*
EFFECT
TO
PRESENT
FINANCING
StJMMMARY'OFBARNINGB
1943
Net
sales
Cost
of
1944
$180,976
goods sold—
:
Selling, gen., adminis.,
tv,
etc., expenses
______
Cqmpany recently acquired 50.8% of the outstanding stock ofOppqn*.
tieim, Collins & Co., Inc., which operates six" women's specialty stores.
33,041
operations
;
1945
-
.
$65,674
30,iio
;
29,325
all of the
department
Company is acquiring, subject to approval by the SEC,
capital stock of Richard Store Co., one of the leading
'
Profit
FUNDED
.
Gross
DEBT
31,. 19.46
JAN.
CAPITALIZATION,
AND
•
*,/y
notes.
Class
t
;
(including
-
par
$5,984,000
—
(6%
Net income
$5,984,000
■.
*
C~
1,208,401 shs.
^
Installments -of
year, commencing
Dec.
15,
of
E.
1,500,000
company
tout
~
on
term
long
a
agreement has
no
basis
been
UNDERWRITERS—The
at
:
900,000
debt of the
of
the
»'
'
^
>
-
f
"
k.
5
'
-
<
.
■
■•■>■■■'
The
•
.
.
/
.
Bacon, Whipple & Co
A. O. Becker & Co, Incorporated^*.i^_.
Goldman, Sachs & Co
Granbery, Marache & Lord
1,000
&
J5.0
2,000
is
.
Hlrsch
Utility
hearing
respect
thereto
matter
1,000
:
expected
is
to
s:--.-
;,• —,/■
shares
($10
-
.
$12 a. share
par)
for preferred
a
"';
"
"
1,000 •
Kohlmeyer, Newburger
ILaurence M;.Matks & Co._.
1,500 ;
"2,000/
.750
.•
.
-
2.0
3.0'.
•
4.0
1.5
.40
'
'
2,000-
f
•
:;(24ewburger-& ,Hanoi_s._^^_____^v^»T,-~-/
Webber, Jackson As CUrtis_-_;_^»-
2,000
2,500
■■
,
Keinholdt &
&.
<^,7
;,
J
:
,S1^n'Bros»/&Boyce__^«__,Mi-».-U_>.-.*_i:-i-.:;
Wed & Company
."y'
—V. 163, p. 3415
«
-.
22
—V.
-
*
181,198,000
,
from
Net
from
Net
ry,
railwayiu'-
••
k
'
rail way
4.05.0
Net
from
from
-
1943
$1,257,144
$1,063,857
607,572
707,891
548,699
599,043
439,487
6,095,904
3,061,870
6,123,055
3,313,690
3,075,924
2,504,036
2,725,836
2,499,933
5,582,044
•
*
.
the
at
308 Euclid Avenue*
Central
Cleveland;
National
Bank
>_■
Cleveland, trustee,
OhiO>-V. 163, p. 20Q2r
v
"
>
.
per share and an
July
11
declared
quarterly dividend of 50 cents
extra dividend of 50 cents per share on the common
a
'
1945
"T-;
of
i
'
America—Changes in Personnel—*
'•
Paepcke, President, has been elected to the newly created
Chairman
The former
President.
board
Chief Executive
and
the
Officer of
Vice President, was elected to the office
responsibilities of Mr. Dixon have
divisional
the corporation's vice presidents;
of
two
namely,
C. Keller, in addition to their present divisional
V. Spachner and L
J.
the
of
Wesley M. Dixon,
been divided between
management.
••:
The directors
June
on
27
declared
a
quarterly dividend of 50 cents
and an extra dividend of 30 cents per share to stockholders
Aug. 5, 1946, .payable Aug. 2Q, 1946.
Distributions of 40
each were made on Feb. 20 and May 20, last.
In 1945, the
per share
of record
5.0
3.0
1.5
5.9
cents
paid the following dividends: Feb. 20,-May 21 and Aug.
each; andiNov. 20, 75 cents.—V. 163, p. 3416.
company
25
•
'■■Z'yfJ?'***
of
company.
% Decrease
cents
20,
••■£
.
'■
:
Southern Corp.—Weekly
Continental Motors Corp.—Registers With SEC—
Output—
that
The
\
,
July 8 filed a registration statement with the SEC
convertible preferred stock, series
Underwriters, Van Alstyne, Noel fc Co.
Proceeds will
be used for rearrangement and expansion of the company's manufac*
turing. plants, acquisition of additional tools and facilities and for
additional working capital requirements.—V. 164, p. 6.
; \
for
A
company on
250,000 shares 4cumulative
($50
par).
*
Copper Range Co.—New Vice-President—
this
elected
are:
Dallas
Rupe,
Gordon
D.
Assistant * Secretary
Rupe,
Jr.,
R.
The company
'
has been operating in 16 eastern
-
--
vand
•
.■/."•
engineer
He
will
this-company,
for
make his headquarters
has
in
s
♦
been
the com¬
|
r-:
'■■"-•
■
•
The
corporation
shares
of
share
its
Transfer
Coro,
headed
cumulative
■
redemption
stock,
for
preferred
will
Payment
redemption
Co.,
agent,
be
made
f
•
Aug.
on
series
1,
A,
.(
next,
at
400
$100 per
Registrar and
York, N. Yr—
the
at
Rector Street,
2
2578.
v-"-
•
called
has
$5.25
dividends.
and
v.- 163, p.
•
and
Rogers Lacy, Frank K» Rader, Frank L. McNeny and John W. Griffith,
1 Home office of the company
will be maintained in Wheeling, D.
Gordon Rupe, Jr., Chairman of. the Executive Committee announced,
but executive offices will be established in Dallas, where a western
division sales office will be opened, serving Texas and other south-
consulting
Ayer,
Vice-President.
Cornell-Dubilier Electric Corp.—Partial Redemption—
New
".■'
.
t
■■
Inc.—Stock
Offered—An
underwriting
group
by..>^amelr.-PfielJea.^/Cp**-02L4uly..^:p^r^l
134,814 shares (no par)? eoipmon stock at $24.50 a sharel
Of the total, 59814 shares represent new financing and
the balance pf 75,000 shares the holdings of selling stock¬
Ritchie,
A.
A.
a
•
pany's New York office.—V, 162, p. 2940.
■■■■
;^ v:;
;
holders.
"v"
.
s*
'
%
-
;
^The corporation is meanwhile offering to stockholders
of record of July 9 rights to subscribe for new shares
^atvthe rate pf one, share of; stock for each; sevehi shares
held, Holders have waived rights to subscribe for 45^860;
shares, which have been sold to the underwriters,•'?
t ?
i
.
?
■
_
stock (par.$2.50) at:$5
Agent, Fifth Third Union Trust CO;, Cincinnati. Registrar,
Central Trust Co., Cincinnati.
e' / ' "
BUSINESS—Corporation was; Incorporated April 19, 1946 in Ohio1 to
succeed H. T. Colling Co., a partnership, - This
partnership was formed
5,
1943,
and
succeeded
a
partnership
The
partnership succeeded to a corporation
Co., incorporated in Ohio Jan. 29, 1929; ' which corporation
Dec. 3, 1941.
The business was originally started by
H. T. Colling and J, R. Stewart in
1923, who continued as partners
dissolved
until the formation of the first
..corporation.
./
•
;
:
B.
Delafield
has
joined
LISTING—The
'••*•'
York
Curb
OFFERING
of
record
ratio
company
as
Assistant
to
the
President, it was announced on July 3.
'
,
- .
,
From 1942. to the present, .he was with the Illinois Power Co. "as
Assistant to the President and later as Vice-President. " Prior to that
he was engaged
in handling matters of financing with Coffin and
Burr (1927-1935) in Boston and in New York, and later (1935-1942)
with Kidder; Peabody & Co, In New Yprk;~-V. 163, p, 146.. -
TO
common
Company
has
stock is listed on
made application, to
offeredpadded, to the list,*
COMMON
:«
^
Registrar, Commercial
"
the New
have the
^
*•*
,
STOCKHOLDERS—Common
stockholders
July 9 are given rights to subscribe to 59,814 shares at the
share for each seven shares then held, at $24.50.
Rights
of one
expire July
this
outstanding
Exchange,
common .stockHow
<*
v:
v
New York Trust, New York.
Trust Co., New York.
31.
Holders have waived rights to subscribe
:
for 45,660
shares.
CAPITALIZATION,
GIVING
EFFECT
TO
RECENT
FINANCING
/
»
.
.
Authorized
Common stock
;
;
be
/
Consoliadted Electric & Gas Co.—To Sell Maine Shares
•
i;
A hearing was held July. 10 on the company's application to sell at
competitive bidding, outstanding capital stock'of Maine Public Service
Co.-consisting of 150,000 shares of common stock, (par $10), all of
which, with the exception of five directors' qualifying shares, are
(no par).
f
509,000 shs.
Outstanding
418,701 shs.
PdRPOSE-iThe het- proceeds (from the sale of 59,814 shares)
"
formed "Dec, 3. 1941.
known as The H. T.
Colling
Transfer agent,
National* Bank
New Official Appointed—
Charles
per-share.;-^'^'
Transfer
July id announced that System output of electricity
(electricity generated and purchased) for the week ended July 7, 1946,
amounted to 158,100,000 kwh,; compared with 151,'300,000 kwh; for the
corresponding week of 1945; an increase of 4.5%.
Local distribution
of electricity amounted to 152,609,0C0 kwh., compared with 150,100,000
kwh. for the corresponding week of last year, an increase Of 1.6%.
*
,
,
Consolidated Edison Co. of New York, Inc.—Output—
(H. T.) Colling Co. (Ohio) —Stock Offered —Westheimer & Co., on June 17 offered 58,000 shares of com¬
was
Walter P.
office
The company qn
In addition to four
quarterly payments of 25 cents each made in
3.945, the company on Dec,. 22 paid an extra of $1 per share.
'
•The directors also declared the usual
quarterly dividend of 87% cents
per share on the $3.50 cumulative preferred stock, no par value, pay¬
able Sept. 30 to holders of record Sept. ll,-r-V;
i62f p. 2940,
;
•>
March
-
_
no par value, both payable Aug. 15 to holders of record
July 23.
Quarterly distributions of 25 cents each were made on Feb. 15 and
JMay 15, this y''
-
Container Corp. of
of Longview; Texas,
stock,
mon
v
" '-y
Wingerter, ^Treasurer;Frank'- .!»,••• .-'Comwad^
Western states.
central states,
.
on
total, $4,822,243.
(trade), $12,657; accrued liabilities,
accrued interest on bonds,
at 3% per annum, $152,831; lease deposits and advance rentals, $19,-.
062; income mortgage and collateral trust sinking fund bonds, due
Dec. 1, 1954, $4,702,500; capital stock (par $1), $9,542; deficit, $247,*.
309, total, $4,822,243.*—V. 163, p. 190.
Frank
announced
Directors
of
Colgate-Palmolive-Peet Co.—Dividend Increased—
>The; directors
is
--Treasurer.
redemption on Aug. 1, next, $15,000
mortgage sinking fund convertible bonds, due April- 1,
1960, at 100 and interest from moneys in the sinking fund, and an
additional $100,000 of the same issue at 104% and interest.
Payment
made
$206,439;
payable
$10;329; taxes payable or accrued, $162,632;
Increases Dividend Rate and Declares Extra—
company which has $50,000,000 insurance
assets of more than $12,000,000 and which was organized
Wheeling, W. Va., 40 years ago, is now directed by a group of
Dallas, Texas, investors who have .purchased- 95% of its stock. - - -4
Principals in
the purchase are Dallas Rupe & Son,
investment
bankers,- Dallas, Texas; Frank L. McNeny, realtor and a director of
the Republic National Bank, and Rogers, Lacy, Dal.as arid Longview
(Texas) oil and gas capitalist.. \
Officers of the company under the new ownership, elected June 15,
are:
Frank K. Rader, President; Rogers Lacy, Chairman of board of
directors; D. Gordon Rupe, Jr., Chairman of Executive Committee;
Dr; R. E. dovis, Vice President and Medical Director;; R. A.:. Ritchie,
Vice President and General Counsel; H. H. Long, Secretary; Laurence
corporation has called for
be
including $50,308 payable to
hand,
on
insurance, taxes, interest on bonds, etc., $243,580; accounts and
receivable, trade (after reserve for losses of $7,293), $12,152;
assets (after reserve for depreciation of $1,312,609), $4,255,264;
Names of
in.
-
of 15-year 5V2%
will
and
trust
>
Clyde Porcelain Steel Corp.—Partial Redemption—
The
bank
in
(paid June 5, 1946), $104,808; cash held by cotrustee undef
indenture, for tenants' rent deposits and the payment
of
prepaid expenses and deferred charges,
in" force and
1944
$1,230,164
4,970,416
1,912,033
1,363,284
x
1946
fixed
Control—
,
498,245
railway—
31,
Wholly-Owned Subsidiary Companies)
''
44,058
railway
*$34#97
"
*
-
notes
Conservative Life Insurance Co., Wheeling, W. Va.—
147,710
oper.
of
electric'energy of subsidiaries of
adjusted to show general business conditions of terri¬
tory served for the week ended July 4, 1946, amounted to 219,233,728
as compared
with 225,645,338 for the corresponding week in 1945, a
decrease of.6,411,610 or 2.48%V. 164, p. 146.
*1
_____
income_.
—V, 163, p. 3130.
ry.
terms
this corporation
From Jan. 1—
Gross
*$13,015
$32,081
ASSETS^—Cash
cotrustee
The weekly kilov;att hour output of
-
-
income_.
oper.
'
Commonwealth &
•
It
1945
$691,359
164, p. 146.
+;;-b
Clinchfiei&^JRItv^artilngs^Gross
641
-1-
.
LIABILITIES—^Accounts
165,314,000
183,162,000
.183,875,000
.188,163,000 >"
"
.177,123,000
.
'
:
1946
profit
(Incl.
Edison group of
1946
15™
1.000
2.0
,.B,0.
fl,ooo rv r- 2.D.." ...
2,000
' *4®
:;2,5Q0i"
3.0
'
,4
May—
57,579
641
21,000
taxes
CONSOLIDATED BALANCE SHEET, MAY
convertible preferred
stock.
The offering price
for common.
Estimated
182,596,000
June
June
4,1,500'.;,
m. Simon
•
57,592
641
share
157,018,000
June 29
'
'
^lUter
70;538
57,568
,
342,905
.
"
of- -the State of New
25, 1946 and its
be received
shortly.—
of $3,420,000 will be used for working capital,
will be supplied by amendment.
6—
1 *
•
;
< Paine;
income
•Deficit.-
cumulative
common
$7
and
Week Ended—*
July
1.5
''3.0"""
4,0
-
*;2,000 r-:
•
.Johnston;; Lemon ;& Co,•
M^Kidder":&':Co;_l;t;5.d___^_2_;l.l^^Li*'
Net
registration statement with the SEC
4%%
par)
shares ($1
94,050
'
—
leasehold
of
*
$407,203
313,442
70,5381
$458,659
407,226
interest
Federal
companies
excluding, sales to other electric utilities, for the week ended July 6,
1946, showed a 5% decrease from the corresponding period last year.
Following are the kilowatt-hour output totals of the past four weeks
and percentage comparisons with last year:
4.0
750
1,500
—
■*..-
,:
Bond
1944
1945
$612,566
-
Expenses
•
and ,300,000
*
1946
Commonwealth Edison Co.—Weekly Output—
2.0*
.
2,000
—
Jcnks,* Kirkland &
Net
ENDED MAY 31
income
Gross
June
on
1
•
CONSOLIDATED STATEMENT OF EARNINGS FOR THE SIX MONTHS
,
Commissioners
this
on
Electricity output of the Commonwealth
7.0
2,0...
4.0
1,000
___„
&
-with
Public
of
a
net proceeds
.
2,000
H. Hentz & Co.——_____
held
underwriters
1.0
3,500
;
T Hornblowev &iw^eica
;
bonds to an amount sufficient to exhaust the sum of
not to exceed the market value thereof. All tenders!
The lowest offers submitted will be accepted.
fund
will be opened on July 16.
Skle Apjprdved--
,,
150,000
stock
•
4,0
500
Co.__
Ira Haupt & Co
;>
sinking
$35,351 at prices
2.0
' 2,500
Hallowell, Sulzberger & Co
A,.
Street, Los Angeles, Calif., will up to and including July 15, 1946,
receive bids for the sale to it of Income mortgage and collateral trust
Commonwealth Aviation Corp.—Registers With SEC—
10,000 f * 21.0%
-*l,0O(r
•' *2;0 •*
-
Bache
I: Hallgarten
;
a
Depreciation
163, p. 2577.
for
•
r
ago,
,
Hill
..
.
.
H. M. Byllesby and Company, Incorporated& Co._________
/
$4,420
1946—26 Wks.—1945
.
Corp.—Pennsgi ove
The company on June 28 filed a
Percentage
/BhairSs'/ df Additional
i
to be- 50,000Shares
' Purchased* P(irchasabie
n
Courts
-
$71,249
Sampson, Secretary,
Board
Order
V.
'
kt.-c. V:'.
'}
Irfshman Brothers
•
$4,420
2.920
14,
Jersey
principal
Number of
'
3i, 1945, and lJ/4% was on account
This wiped out all accumulations on the issue.. Six—
payment of 3% was made.
,
Interest on this issue accrues at the rate of 3% per annum, and is
payable up to 5% per-annum for any semi-annual interest period If
earned and available.
"
T The Union Bank & Trust Co. of Los Angeles, cotrustee, 760 South
for the six months ended May
accumulations.
of
In thus approving the sale, the stockholders confirmed the under¬
standing of the management that an orderly complete liquidation of
the company is desired.
v'- ' •'
: '
underwriters and
the respective number of shares of common stock which' each has
% severally agreed to purchase and the respective percentages of addi¬
tional shares of common stock purchasable by the several underwriters
■; wader they terms cot -ithd underwriting agreement*ara/as follows*:?
1
\4
1 paid to the holders of the income mortgage
fund bonds interest of 3%%, of which 2%
The company on July
$8,806,2.65 $58,519,201 $45,686,808
..........
thereto.
500,000
substantially lower interest • rate
"
V-
• a
made.
names
|)
.
and collateral trust sinking
was
the
June
.
-
^
York," N.' Y., has been appointed
Financial Statement—
on June 28 stated:
j
adjourned special meeting of
the
stockholders held on
1946, the proposed sale to Henry P. Hofxstot, a director,
.of the capital stock of. Pennsgrov?e Water Supply Co. was approved
by 64,064 shares (76%), while 8,897 shares (11%) voted in opposition
1,000,000
.
;
M.
At
1, -1944,
payable to
Bankers Securities Corp., Sept. 15, 1951 (subordinated).
4% promissory note dated Dec. 15,1944,-payable to Bank;•
ers Securities Corp., Sept. 15,
1951 (subordinated)—__
i 4% promissory note dated Sept. 11, 1945, payable to
•#: v:. r
Bankers Securities Corp, Sept,<15; 1953; (subordinated)
..negotiations are under way for refunding* the funded
3416.
Colonial Utilities
.
y
''
-,
■•
—Pays 3%% Interest—Offers to Purchase Bonds—Issues
June -3, 1946, and 472,854 barrels for
1946.—V. 163, p. 3281.
$10,718,937
—V. 163, p.
3%
(
the past year and
quarterly dividend
.!,- -•/'
Amortization
commencing Sept. 15, 1946__
•
promissory note dated Aug.
;v;
y,
.
$89,889
1946^5-Wks.—1945
Sales
2,084,000
—.——
.
11, 1945, payable to
Bank^ New .York in six equalserial
$250,000 on Sept. 15 in each year
•Chase National
installments
—_—.—. ■
put on a
five weeks ended
Period End. June 29—
;
and$420;00Q'Qn
1946,
per
Consolidated Office Buildings Co., Los Angeles, Calif*
.
Colonial Stores, Inc.—Current Sales Up 21.72%—
in. each
oft; Dec.. 15
$416,000
Dec. 15, 1950——.——
3% .promissory note dated Sept.
'
be
(
'
$66,890
,
the four weeks ended April 29,
note dated Dec. 18, 1944 payable- to
National Bank,
New York in four remaining
annual
/
stock
promissory
Chase
-
-
'
—
for the
barrels
.
•Funded debt of company;
;
the company during
common
Bank of the Manhattan Co.* .New,
Company announces that its production for the four weeks ending
July .1,. 1946, amounted to 445,519 barrels, which compares with 571.466
400,000 shs.
700,000 shs.
1,900,000 shs.
(par $5)—
the
that
cents
of 25
dividend
quarterly
a
1946, to stockholders of record July 10.
This
President, reported on the
^co-transfer agent for the common stock.*^V, 163, p. ,3416
526
$74,170
._
/
.
Co-registrar and Transfer Agent—
J-; The buainanty;; Trust; Cd., of New York has* beon appointed co*
Registrar: for^867Jt492 . shares op common. sto^,. ^ar; yalue of $1-33^
iper share.*"
-1 1
t
*
n'
' c'•
Colon Development Co., Ltd.—Production—
partic.
and
cum.
—_
3%
$69,889
.
Nathan Cummings,
satisfactory progress made by
months
$66,890
declared
after
taken
was
recommended
promissory
.
stock
A
$5)
Common stock
-
-
<
debt
278
expense-
„•
.
Outstanding
Authorized
•Funded
•
income
».
•
-
basis.*;•
$3,894
.
'.•>
have
directors
The
10,162
$73,391
461
1^215
Plant "moving
;
J
$69,427
*
Other income
| stores in Miami, Fla.,
\
from
principal
the
of
payment
163, p. 2003.
iv<*'
action
,
:
thereunder, and
of said notes of
'
(
capital stock of Maine from pledge
towards
applied
share,' payable July 25,
33,850
,
1948. The filing states that the
Consolidated Grocers Corp.—Initial Common Div.—r
$47,908
.99,740
....
be
f
Apr. 30/46,
$202,957
100,726
Consolidated
1945, securing notes of
16-,
1945, and due Nov. 29,
29,
release of the
the
will
-
$200^64
.
82,259
Nov.
Consolidated.-—V.
«--;H^«ars:E»dedDec;31-^--^'4:M0Si,End.
.
bank
a
uripaid principal amount of these notes will be $12,135,000 on July 1,
1946. The proceeds of the sale of Maine's stock
will be deposited
under- the above mentioned bank loan'agreement in connection with
...
•
under
hand
'Authorized
,
City Stores Co. is a holding company owning
all or a substantial majority of the stocks of
■
of
"Outstanding
(par $2.50)-.^—; 250,000 shs. - * 118,000 shs,
v
capital stock
:
production
increased working capital
—
_
CAPITALIZATION
company.
r
dated
original business of the corporation, arid
is necessary to. produce in volume harid
the
All of the shares have been pledged by Con¬
loan
agreement between
Consolidated and
Consolidated.
solidated
•certain-banks-dated as of Nov;
\
lawn mowers, the; purchase of materials for
lawn mowers, pay bank loans, and to provide,
not receive - any. ofthe proceeds; from the
Bankers Securities Corp. presently owns about 78%
the
owned by
corporation the. company , has. been; .since
or
the fabrication of metal stampings of various kinds
of steel wire products.
During the years the
.
-
will
partnership
PURPOSE--Broce'eds ($244,400) are expected" to be' used" to pair for
the completion of the new building, the purchase of such equipment as
a share!.
All of these Jshares are being scdd by Bankers
V Securities Corp., ar parent of- City Stores/ and the latter
;
a
manufacture
was expanded and included tbe designing and manufacture nf
dies, tools and jigs.
It has designed and produced dies, jigs and
fixtures for its own use and for the use of others,,./j
Since the termination of the company's Government subcontracts, Jt
has been operating at approximately normal' capacity in the produc¬
tion of dies, tools, metal stampings, etc.
It has been successful in
obtaining many necessary materials for the production of orders on
hand.
Company has a substantial backlog of orders on its books and
it is expected that its sales for the year 1946 will approximate those
during. the year 1945 without consideration of the expected- sales Of
hand lawn mowers.
VV
"
by.
;'C©ffere&;iOO,OO0. spates of^conihion stock (par($5)
the
business
A group of under¬
—
as
engaged in
and
by
were
,
Either
-
v,
will
applied for construction of plants, machinery, working capital, etc.
HISTORY AND BUSlNESS-rtCompany wks incorporated In New York
Feb.
tinue
4,
1913, under
corporate
in
the name of Cohn & Rosenberger. Inc.,
form the
business formerly
conducted
to
con- ;
by
•
the
partnership of Cohn Sr. Rosenberger, founded in 1902.
The present
corporate name was adopted in May 1943.
Company is engaged 'in
thp business of manufacturing, buying,
importing, exporting and seal*.
mm:
[Volume ^1^4 tNtt&ber 4507
275
'
Jng- ctistume jewelfy-yAhdisiisii^
tically
shops,
chain-stores,
in
,OlAPiTAtIZATION^Thd
leading department store, and to jewelry stores,
every
hpuses
}
garment
United States.
the
manufacturers
and
large
June 20,
specialty
mail
,
to
are
5%,
department
houses
and
nam&l,,'of -v''tli
ce'ntages of the shares
chase are as follows:
which
they have
*An
respectively
agreed
to
'
...,
1
;.'
,
Emanuel, Deetjen & Co.
Ira
: 5{
2
.
first
;
;
I.
du
Pont &
Co.—
2
■
Sutro &
-
Blosser
Co.——---——
INCOME STATEMENT
1945
Gross stales, less
^to.—U;
etc.
Selling,
p.
the
cash
of
funds
the
cor¬
1.
shares
of
1945
*46
*
$2,202,126
212,347
$1,388,325
121,138
43,440
$2,323,264
deductions^——
•
Prov. fOr Fed. inc! taxes
'/
-
:
.
68,890
for
1,523,781
441,175
Net
979,516
1,586,645
profit
that
$603,472
$581,449
$583,990
$383,358
L
155
5,219
1,061
169
Net
profit
164.
period
for
(
RfOfit
$60,307
$167,141
20,745
6,495
1—
—
bond
of
$603,627
$566,668
$585,051
&
-The
fiscal
of Standard
31.
for
.
company
July 3 filed a letter of notification with the SEC
capital stock (par $1).- Price to public will be
on
shares
Proceeds will
President,
be
and
used
for
in
*
.'
Crown
.
working
capital.
Issue
not
„,John
J.
of
The
Nagle,
at
Seal
&
.Mr.
Nagle
serving
capacity
The
also
was
elected
its
of
and
tRussell
the
B.
«succeeding
Presidency, oh
Jan.
1,
1946,
associated
♦
Cork
*
■
£i
Seal
I
Gr'oss
been
Western
in
elected
that
Crown
director
a
capacity.
Cork
&
Mr.
.
Seal
of
the
Corp.—V.
163.
the
has
West
Net
been
Net
Coast
stock of this
Detroit Stock Exchange
filed
letter
a
enus
$36,565
Aug.
ana
notification
for
Bank
for
registrar
Bank
both
&
->»; rr
•
company was admitted to
July
on
12,
1946.—V.
ry.
For
Co.
of
New
offering,
York
V.
see
Depreciation
Federal
6.
p.
Net
$669,403
$724,921
$742,046
210,804
281,725
trading
on
31,938
117,491
154,207'
155,993
4,234,348
1,859,841
4,088,212
1,826,797
4,256,499
2,153,555
1,025,047
1,002,921
1,152,178
-
163, p. 3282.
1,119,929
533,938
-Dazey
♦
*
above.—V.
Corp.—Shares
and Allen & Co.
cumulative
163,
p.
—V.
Offered—Scherck,
authorized
and
on
General
July
3 by the managements of
Phoenix Corp.. that the pending
$109
:
p.
Ducommon Metals &
Co.
convertible preferred stock-at par
Duro-Test Corp.—Announces Improved
($10 per
share) and 100,000 shares of common stock (liar 100) at
$4 per share.
The corporation is not offering any of the
shares now offered.
However, the underwriters have
v
<
shares of
common
gate amount of $136,000.
10,000 of these shares
-
are
general
Bergen,
being
To
V-
the
for
t)azey Corp.
of
purpose
(Mo.)
Standard
The
Churn
total
Co.
predecessor
to
outstanding
will
complished
outstanding capital stock of the
Standard Churn Co. was held by nine
through
the
execution
ard
of
a
merger
agreement
dated
.
has
Sept.; 19,
been
Churn
i
in
Co.
the
>
1906
company
was
organized
in Missouri
Dazey Churn & Manufacturing Co.
continuously since that date.
The Stand-
business
help
many
products- consists
field
Electric
National
countries.
The
speed
of
j
for
...
;
Inc.—Weekly Input—
of
,
'
,
•
„
■
♦
■
Standard ;Churn
factures
.
a
line
than
1945
Amount
sales
•
164,439
3,674
2.2
66,033
74,460
*8,427
*11.3
84,865
94,757
*9,892
*10.4
'
*
the
War
orders
/
accounted
half
of
any
for-slightly
items
1946—12 Mos.—1945
110,549
25,000
62,074
34,302
$3,913,845
1,409,274# 1,288,090
18,138
24,371
29,553
$4,038,053
31,652
183,084
193,227
294,390
289,795
719,468
-
813,141
398,362
376,146
.
$81,902
$76,881
$1,033,475
$953,446
iDrl,352
Url88
Crl,792
Cr35,088
$80,550
$1,035,267
$988,533
17,799
$76,694
18,377
and
$62,751
$58,316
$811,634
67,501
amort
.
dividend
for
requirements
common
stock
and
surplus
223,632
248,638
$739,895
-
67,501
$744,133
$672,394
163, p. 3283.
^Rsa^aturaiGas
Co^Stoek pffer6d-#White, Weld"
per
share and dividends.
The total issue is 75,000
for subscription to the holders of outstanding common
stock of record July 1, at the rate of one share for each
six shares now held.
Rights expire July 18 at 3 p.im
which, would
during the
neW
•
,
||| l| v
loan in the amount of $8,500,000.
$10,100,000 first mort¬
bonds, 3% series due 1957, which will be retired by
the issuance in exchange therefor of an equal principal
amount of the new bbnds; an outstanding bank loan in
the unpaid principal amount of $1,800,000; and 14,797
shares of 7% cumulative preferred stock (par $100).
line, ' of
deduction
of
of
$12,087,399
of
common
and
shares
of
a
maximum
new
preferred
stock (exclusive of accrued dividends and
underwriting commissions)
will
be between
mini¬
a
of $12,184,637, depending upon
stock which are issued in ex-
preferred
change under the preferred stock exchange offer and upon the number
of additional common stock purchased under the common
of -share®
'
*
stock subscription offer.
The $25,900,000 "new bonds not exchanged for old bonds will be sold
at' 102%, or a total of $26,418,009 (exclusive of , accrued interest).
This amount, plus the proceeds of the new bank loan and the proceeds
of the new preferred stock and the additional common stock, will total
between $47,005,399 and $47,102,637 and will be applied as follows:
,
♦
tl)'
Payment and discharge of the old bank loan.;
*$1,800,000
(2)' Redemption 'at $110: per share of such of the outstand• .
;
Ekco
seven-year bank
the number
;
.
the
sub¬
common stock not
1
Sale of Bonds Privately—The offerings of the new
|
preferred stock and 100,057 shares of additional common:,
stock are part of a financing program of the company
to 'obtain funds for- the construction j at an estimated cost >
of approximately $41,212,000, !<df a proposed new pipe
line to California, and to retire the presently outstanding
funded debt and preferred stock of the company.
mum
,■
supplement
The underwriters have agreed to purchase at
offering price all shares of
'
.
„
The
company has
acquired the Murdoch Metal". Products, Inc.,
formerly the M & M Manufacturing Co., which manufactures patented
metal. specialties in the kitchenware field.
"
'
Murdoch
<
T'
246.
p.
APPLICATION OF PROCEEDS—The proceeds of the new
more
just closed.-
Further Expansion-—
The
$323,665
112,822
—.
(net)
after
1946, a continued improvement in sales is indicated in
the.final six months, Mr, Thomas said. • Unbalanced inventories and
general supply difficulties, he: stated, were experienced to. some
degree
year
•
(Texas)—Earnings—v';
taxes.
stock and additional
1945
of
in* the half
162,
gage
June
completed
first
$997,913.—V.
The securities to be retired are
;
,
period, Mr. Thomas pointed out. Sales
30, 1946, .totaled $6,600,000 compared with
$5.700,0.OOuln the first three. months.
;
with reconversion " of the company's plants
ended
and
agree-
which $25,900,000 will be sold at 102), and to procure a
Pet.
168,113
.
1
Co,, in addition to chprn production, mahu-v
products including milk coolers ^or the*.
equipment such as honey-extractors, smckers,
in
of
accounts
modification
a cash payment of
$1.73 per share by
exchanging stockholders. Such exchange
offer will expire at 3 p.m, (EDST) on July 18,1946. Any
shares not issued pursuant to the preferred stock ex¬
change offer are to be purchased by the several underwriters.
*
■
;■ '■;.•••••; ;
:
President.
quarter
$42,006;
(lease
•
ee*
taxes,
I first mortgage pipe line bonds, 3% series due 1966 (of
Increase
1946
•
,
to, Lee B. Thomas,
50%
assets
v
held
deposits,
As a part of such program, the company also proposes
seven institutional investors $36,000,000 new
Consolidated; net sales of this Coifipany and its subsidiaries for the
June 30, 1246, amounted to
$12,300,000, an increase
over sales in -the. corresponding months :of 1945.
according
■
of sundry
dairy trade, beekeeping
Subsidiaries of—
& Light Co...
Power & Light Corp..
Power & Light Co
Power
of, 30>
in. the
by
lease
to issue to
six- months, ended
the
retirement,
scribed for.*
v
under
for
1946—Month—1945
revenues
(EDST).
Ekco Products Co.—Sales Show 30% Gain—
the
cash
1946
$19,477;
shares, of which 14^797 are subject to an exchange offer
to holders of*the company's
outstanding 7% cumulative;
preferred, stock on the basis of one; share of new preferred plus a cash payment for each share of 7%
pre¬
ferred exchanged.
'
H
; such
''/ ~
NOTE—The above figures do not include the System inputs
companies not appearing in. both periods.—V. 164, p. 147.
.
management has presently under consideration adding a twoeggbeater and.an, electric coffee-maker to its present line of
products.
..1 The
-
week ended
*Decrease.
predecessor' company developed and
the trade, name Dazey.
This line
following articles all of which may be
to the Dazey. wall bracket:
Dazey can-*
articles
attached
Dazey ice-crushers, Dazey fruit-juicers and Dazey knifesharpeners.
Many of these articles have been exported to. foreign
•
2004.
p.
.
the
*$2,345
Common Stock Offering—A total of 100,057 shares of
stock (par $3) is being offered at $42 per share
*
purposes.—V.f 163,
Operating
American
on
openers,
.
*
U3es-.
companies
$3,112
common
24 inches.
functional
July 4, 1946, the System inputs of client oper¬
Ebasco Services, Inc., which are subsidiaries of
American Power & Light Co., Electric Power & Light
Corp., and Na¬
tional Power & Light; Co., as compared with the
corresponding week
during-1945;* were *a» follows (in thousands .Of kilowatt-hours):
^
_
as
Interchangeably
;;
■i
required
especially designed for use in the home.
These
reading and ceiling and wall suspension
models are
also being planned for industrial and
lighting
the
For
ating
(Ohio),
kitchen
manufactured
of
^
table
Ebasco Services
line which has been progressively improved in
design and construction
from hand-operated wooden ones to electrically-operated glass churns.
.
heretofore
produced
The initial line of products manufactured and
distributed by Dazey
consisted
solely of butter churns in varying sizes and types.
The
demand for household churns continues to justify retention of this
In
that
be
June
the corporation's wholly owned subsidiary, was
incorporated in December, 1911, as an outgrowth of a partnership
formed in 1880 known as Standard Churn Co.. .The stockholders
and
management of both of these concerns have been closely identified.
,
has
as.
bulb
*
corporation.
about
and
•
will
bridge,
Similar
practical
and of Standard Churn Co.
As a part of the'
further agreed that the assets of the predecessor
be transferred to the corporation., This was ac-*
BUSINESS-^-Thc predecessor
or,
U .shaped
the
Duro-Test
packs the- same
new
Uline-is a second major post-war
triumph for Duro-Test
only recently its engineers pioneered in. the development of Safreen,
one
of the most
efficirit fluorscent light sources
yet
In consideration of the foregoing, the
selling stockholders received
50,000 shares of preferred stock and 150,000 shares of common stock
the
North
lightj
The
'!
of
fluorescent
as
1946,
whereby the predecessor company" was merged into the
corporation,
The Standard Churn Co., as a result of the reorganiza.jtion, will reniain a wholly owned subsidiary.
V;i
Which
commercial
20i
*
trade-
was
to
were
compact
have
include
models.
and
of
the same
family group.
Such
the • organization of the corporation end agreed
the corporation for the shares of stock of the
of
of
some
stock
(Ohio).
issued
light,
company's
the
addition, the engineers have designed an entirely new
containing ballast, wiring and a. new. type socket, thus elimi¬
the awkward double
end holders, now a standard part of
fluorescent lighting.
The Company plans
to produce the new light in several models
company
reorganization it
company
and
in
In
organized in Delaware April 25,
the assets and business of the
authorized
production
nating
company and of
who
are
members
shares
accept
was
total
that the, new
announces
fixture
Mississippi Valley Trust Co., St. Louis.1
acquiring
the
authorized
stockholders
{'• predecessor
of
and
stockholders effected
.
and
ORGANIZATION—Corporation
1946
>
York
new
designed, a new
amount! of "light, into 12 inches
Transfer agent, Marine- Midland Trust Co. of New York and The
Boatmen's National Bank of St. Louis.
Registrars, Continental Bank
New
this
1,191
.
share basis with
J., plant.
achieve
engineers
\
of
H. Simson, President,
"Uline," is ready for
N.
6,876
6,876
1,198
the company to
use.
Walter
marked
purchased for the account of Charles G. Terry.
&-Trust Co.
Light Source
to pioneer in the development of new and better fluo¬
lights, this corporation announces development of the most
compact
and condensed fluorescent light
source
yet
produced'for
rescent
stock at $3.40 per share or an aggre¬
'
Exchange Offer—14,797 of the shares are being offered
by the company. in. exchange to the holders of its outstanding 7% cumulative preferred stock, on $ share for:
Continuing
purchased for investment from the corporation 40,000
23,222
20,082
'
.
an initial
quarterly dividend of 17 cents
share oh the common stock, payable Aug. l, to holders of record
July 15.—V. 163, p. 3132.
per
July 11 offered 50,000 shares of 5%
on
Supply Co.—Initial Dividend—
The directors have declared
Richter
$28,944
,
& Co. and associate? on July 2
publicly offered a new is¬
sue of 4.10%
cumulative preferred stock ($100 par) at
.
3416.
hand,
$300,353
...
income
Balance
(Del.)—Merger PJan Aband.
163,
Corp.—May Acquire Add'l Props.—
See Domestic Industries Inc.,
\
l
total,
Balance
2155.
Davison Chemical
oper.
Interest
plans locking toward the merger of the two companies have been
abandoned. ' The inmahagement of each
company stated that there was
no
barrier to consideration of the matter in the future.—V.
the
4.929
$31,268
299,766
3,903,259
corporation
$51,412;
Balance
1943
Domestic Industries, Inc.
this
bond
other
—
income
taxes
Other
37,045
was
on
Indenture,
16,780
RR.—Earnings—
163,'p. 3132.
both
deficit,
Preferred
Announcement
$24,015
6,810
per
Maintenance
EI
■
and
$62;
$500
at
has been
164,
1944
income
oper.
interest
(net),
and
trust
of
El Paso Electric Co.-
Agent, Etc.—
1945
income^
railway
railway
bond
recoverable
Other
Trust
issues.
railwa j
irom
from
bank
In
period End. March 31-
$542,396
railway—
interest—.^.
terms
Operatlng revenues
Operation
1946
cper-
.under
$16,784;
60,000
stocks.
common
•'
2,545'
payable, trade, $639; accrued liabilities;
taxes payable or accrued, $18,107; accrued interest on bonds,
at '2Va % for the period,
$24,515; deferred Income; accruing over term
of lease, $4,357; lease
deposits, $537; income mortgage sinking fund
bonds, due June 1, 1951, $980,600; capital stock (par $1 per share),
of
National
$24,458
1944
LlABILTnES-'-Accounts
Jersey City has been appointed transfer
disbursing agent for the 5%
cumulative
con¬
dividend
.42,842
$3;786;
$5 a share.
Pro¬
business and servicing of
of
expenses
underwritten.
not
Of
$66,862
48,537
.
Offering, price,
general
-
ry.
—V.
3282.
u.
'
common
28
preferred.
for
preferred and
from
Gross
company,
Gowans
Corp.,
'
The
Issue
from
Net
Net
Davidson Bros., Inc.—Common Stock Listed—
?•
uvxu.;
'
$72,995
month); $33,500; fixed assets (after
reserve
for depreciation of $135,999),
$870,687; prepaid expenses and
deferred charges, $32,181;
total, $997,913.
•
;
^
y
,,,
From Jan. 1—
has
McManus
with
5J/a%
Commercial
May—
after
subsidiary of Crown Cork & Seal Co., Inc., with manufacturing plants
in San Francisco and Los Angeles, since
January, 1931, and since
December, 1936, as President.
He is also a director of Western Crown
4
June
on
used
Detroit Toledo & Ironton
occasioned
vacancy
President.
Gowans
Mr.
^uip.
$63,462
31
1945
$5,570
receivable
ment,
board
the
York,
the board
J.
the
to
fill the
to
of
of the company since 1927 and in an executive
predecessor company, the New Process Cork Co.
since 1920.
He will occupy the offices of Chairman of
with
New
elevated
Chairman
Treasurer
as
$62,667
notes
Co.. ends July 31; therefore the
period ended
7 months in respect to the former
company
respect to the latter.—V. 163, p. 3131.
par
be
appointed
President,
was
$5
and
vertible
Co., Inc., Baltimore, MdL—New
meeting on June 27,
by the death of Charles E. McManus.
)
uu&tsy
'
.BALANCE SHEET, MAY 31,
insurance,
25,074
Churn
in
First National
agent
'
Cork
directors
ui
Denman Tire & Rubber Co.—Transfer
under¬
Chairman, Etc.—
?
ye<ix
97,182
payment of indebtedness to
written.—V. 160, p. 1734.
*
of
will
contracts.
of
$2.50 per share.
.Justin Haynes.
86,528
.
Dean Anderson Campaigns, Inc.—-Files With
SEC—
shares
ceeds
55,452
trustee
includes
1946
months
8
The.company
The
81,800
MAY
'
$38,060
24,515
6,876
1,099
profit
ASSETS—Cash
264
$383,528
'
and
Crooke's Laboratories, Ine., New York—Files With SEC
\
$61,904
-
State
$83,212.
ENDED
■>Loss.
1,596
•
.
-
•
132,720
3,226
or
All
'
Amortization
$169,942
868
bonds.—
of
Depreciation!
$163,914
price
a
v,
$35,515 yr
retirement
on
543,363
.
at
paid; bonds;
•
49,623
Balance'
■
418,200
144,347
$21,737
price- of
$85,138
"
: *
$736,391
.
of
sum
SIX MONTHS
FOR
Jncome^
831,147
1,928
$165,881
income—:
on
March
146.
p.
Fed.
the
""1946
Net
■
.exhaust
Bond ■ interest
$168,014
1,210
profit
NOTE
"
Net
Special credit
*-V.
238,352
sub¬
......
RESULTS
$1,139,409
:
190,471
$164,671
—
to
$318,191
;
602,829
1,148,734
'119,491
income^
charges
Prov.
«
_
^
$2,349,583.
55,415
-
wholly-owned
a
v.;..
1
1943
$536,579
.,
$1,431,765
152,628
Other
taxes
$1,100,064
Other,
as
-ft
3071.
•
Gross
1944
$175,832
-791*386-
669,041
profitincome—.
sufficient
amount
an
"
$2,137,236
16.628
company
162,; p.
not higher than the redemption
tenders will beiopeiied: on July;. 16.
;
preferred stock
,
$953,204. $1,507*219.
Operating
Total
$1,083,436
V.
Expenses..
951,914.
—
gen. & adm. exp.
Other
i
Other income
this
of
2436;
prices
'!! /VIS-
"
'
-
Gain
snles_
Selling,
$4,882,514 $16,114,612 $12,577,675 $10,471,869
3,006,349
31,530,438
8,495.219,
7,493,440
792,728
2,446,937
1,880,329
1,590,103
*
& adm. exp.
gen.
to
'X.
$1,289
.
of
sales, less disc'ts,
^Cost of goods sold—-a-
■
S.. Govt.—^
.Total
Cost
1943
.
operation
cipl Statement—
Idisc'ts^
,
5
"
1944
added
Mar. 31,
3
-Calendar Years-
3 Mos. End..
the
163,
t810 South Spring Building Co., Los Angeles—Pays
2% % Interest—Offers to Purchase Bondsr^Issues Finan**
for investment.
Perid.End.
.1 Other
Mar. 31.'46
continue
by
COMBINE!* STATfcMEftr OF EARNINGS
2
CONSbtlOATED
issued
'
'
5'
:>
Van
be
•"*
.
5
l
Taussig. Day & Co., Inc.-.—
Alstyne, Noel & Co.—-
;
>
Inc.-
1
Pitman-& Co., Inc.—>' 2
Straus
will
sum
•
York, are the underwriters of 50,000
and of 100,000. shares of common stock.
3
5
&
This
New.
2
•
be
UNDERWRITERS-^-Scherck, Richter Co., St. Louis, and Allen & Co.<
2
Fraser & CO.__—
Co_„—.
&
Marx
to
sidiary.—V.
*150,000 shs.
will
.♦
$136,000.
poration.'
2
2-
■
Securities\ CO.. of ?
J. B. Hanauer & Co.,
.
5
4
——
stock
50,000 shs.
,
500,000 shs.
-
Shumaker,
■•;
__
MacCoH;
2
"2
Chicago
Gross
&
Laird. Bissell & Meeds——
2
'
,Cohen, fiimonson '<fe U6,_; ^
Cohu & Torrey-__^-ii.^„iji
>
Cohn
Inc
—
2
Kidder & Co
M.
Kiser,
Thorn-
&
Clayton Securities Corp.—.:
E. W. Clucas & Co._
Francis
A
50,000 shs.
.,
common
.
5
:—__
JenkSi-Kirkland;:&?^Co^^^'
Johnston. Lemon & Co.L_—
.Buckley Brothers—
5
{Burr & Co., Inc,*—-.——5
tChilds, Jeffries
i
dike. Inc._L—
Co.!
Hirsch- &
:
5t
J..C. Bradford & Co.-.,—.,-..
>
.
10
Bftche & -Co.__t'„z-__,^__L
>Blair & Co., Inc.__
of
;
"
centage
shares
PURPpsE-7-The shares of preferred. and common stock (with the
The company oh July 1 paid to the holders of the Income mortgage
exception of 40,00ft shares of ' comrhoh stock)" being offered are issued -x
and
sinking' fund bonds gVa % intereSt: fof the six months erlded May
outstanding and will not be offered by or for the account of
the corporation
31. 1946.
'
' '
v
V v',
,
4"
The. Title Insurance & Trust Co., co-trustee, 433 South Spring
"VVith iefereh'ce' ttf the' 40,ti(3f& shafes of common stock*
being pur- ■
chased directly from the
Street. Los Angeles, Calif., will up to and including July 15 receive
corporation by the uhderwritex'sj t'ne.corbids for
the sale to It of income mortgage sinking fund bonds to
pdratlon vwill 'teceive~ $3.^0 " per share or an aggregate amount of
:■ wt' :-Per- "
Vcentage
Haupt & Co.3
Per¬
.
40,000
purchaesd {from Hie t corporation at $3.46
per, share
pur¬
"
:
•
pref.;stock (par. $100)
(10c par)—u——
conv.
stock
additional
Outstanding
the
corporation to the -underwriters simultaneously with the pur¬
chase of the shares* now being offered.
These shares are •to -be *
jit h d^"; t life'", l>e j>i'
tiersi
6
cum.
Common
chain
kitchen
tools' have been sold through variety and drug chains, as
well as
tp hardware jobbers, and the sales of these products will
bec absorbed by the- Ekco -selling organization.' It is the intention
-'jVr
•
Authorized
About 92%" of the sales by the comstores, jewelry stores, specialty shops, mail
stores,-- about 6%
of the sales in export,'
j&bout 2% .to,garment manufacturers, and insignificant sales to jobbers;
'pany
vorder
^seqUlities of the por)^
1946. were as follows:
order
ipg
14,797 shares of old-preferred
stock as are not ex-
changed- for new* preferred stock' and to the payment of
,
s
1
■;
the presently estimated.
the additional sum of
California
new
cost
line, $41,212,000,
construction, plus
such
of
r»y-<V
.
Mn tt.0
$1,000,000 or a total
of
cost
pipe line
July 31 to Pec, 31,1945payment of the expenses of
600,ouo
system constructed or acquired from
(5) Any balance towards the
tiae financing, estimated at
t»
approximately $300,000, ana
aggregating
above.
mentioned under 3
•
-
,
mtge.
stock
Common
Total
1700,399 shs.
border,
Net
—V.
The
is
income
$111,436
—
•
82,321
998;502
1,274,890
$2,139,237
$2,226,862
•
*
8,632
8,632
require.
div.
;
$173,461
'
84,983
103,579
103,579
$2,035,658
$2,123,283
$164,830
$
.
\
Trust
to
Mr. Ellinwood fixed backlog
mon
of
Co.
York,
New
York,
Broadway, New
140
N.
"The
such
cost
175,-
the
member
a
the
of
board
of
The
its order
1946
31,
the company a. certificate: of public convenience and neces¬
sity for the construction and operation of the new California line, and
(And Subsidiary
also
theirconnectingline ln;CaUfornia.
flfcpuatibn andoperationof
of
UNDERWRITERS—The names
Maintenance
Depreciation
Amort, of plant
b*l&w.
spective
their
of
stock
in
names
and
principal underwriters of the
the
Column
additional
the
sition
Net
names
shares
A
«f ^additional
of
and
not
new
stock set forth, opposite their names below:
common
AAA -A
—-New Pfd.
Stock-^
AAAAAA A
>
!
r
,
White. Weld &
&
Lehman
Corp
Brothers
2,367
2,318
1,775
12,000
9,330
9,330
Securities
Shields
&
&
5,619
,
Corp.^
M,
McDonald
Marks
&
is
,
1
1,381
1,381' *
592 v
592
4,000
395
2,660
148
1,000
_•:•••, 602
148
148
1,000
1,000
602
further
initiated
in
Tucson
The
1934.
and
extension
was
menced
lines
the
from
main
1933
of
in
in
and
pipe
line
to
deliveries
gas
therefrom
were
com¬
1933, and in Phoenix during January,
to the Douglas-Bisbee area and Tucson
Ariz., were originally constructed by Western Gas Co.,
a subsidiary.
That company was dissolved in 1936, its pipe lines and
other properties being acquired by the company.
Knee,
and
1934 the company has constructed numerous branch ,or lateral
the more
important of which
areas in
southeastern
adjacent
are
the
branch
line
to
Carlsbad
New Mexico (completed in
1934
1940), the branch lines to Superior and Ajo, Ariz, (both
1936), the branch lines to Hayden, Ariz., and to Hurley,
N. M. (both completed in 1937). the branch line to the Globe-Miami
district in Arizona (completed, in 1939), and the branch line extension
and looped
in
completed in
the
to
Clifton .and. Morenci
area
in
Arizona
(completed
in
1940);"
In
recent
years,
the company has also constructed
duplicate or loop
transmission lines paralleling all of the original main line to El Paso,
the greater part of the line between El Paso and
Douglas, Ariz,, and
part of the Tucson-Phoenix extension,
lines, and has made additions to its
as
well as certain of the lateral
compressor
station capacity.
The existing system has grown from the original main line, extend¬
ing approximately 200 miles from Lea County, N. M., to El Paso with
m delivery capacity of 36.000,000 cubic ieet of gas per
day, to the pres¬
ent
almost 2,000 miles of main and lateral transmission
lines (including full duplicate mileage of multiple lines) with a
present
aggregate
of
peak load capacity of over 150,000,000 cubic feet per day.
Compressor
station capacity has increased from approximately 8,800 h.p. in 1935
to 51,900 h.p. in
1945. ; 8ales of gas. have increased from 4,732,014
MCF in 1930. the first full year of operation, to 44,948,780 MCF in
{9451
'.
v'-'A"!
•"
'--Xi
■
Vivfe/Vr
A line
through the city of El Paso, Texas, serving certain, wholesale
in and near that city, is owned and operated by the com¬
pany's subsidiary, El Faso Gas Transportation Corp.
Another sub¬
sidiary, the present Western Gas Co..(organized in 1936), owns gas
consumers
and
oil
leases
(including unprovea or "wildcat"
acreage)Ain New
Kansas and produces gas and oil under some of
such leases, and, as an incident of such business, markets oil, as well
as selling natural gas to the company.
;
<
As an incident to :ts natural gas business, the company engages in
Mexico,
the
Texas
and
extraction,
propane.
Pressure
-
"
Weld
processing
sale
a
of
natural
gasoline,
butane
and
:::;;AAA- /AA''-%
:
"•••
Co.,
and
subsidiary, owns and leases to others portable
in
month
in
number
both
an
immediate and
to
held.
at
rate
the
of
one
Bros,
share for each
remainder
in
Electric
will
be
to
replenish
164, p. 7.
program
>r
\
'
Co.—Mails $8,700,000
Boat
ferred Stock—
The
used
postwar expansion
-
common
31,
Other
to
the
holder,
upon
surrender at
receive
in
or
time
on
or
of
before
.
$5,121,139
2,134,125
$2,421,645
$2,987,014
dividends and surplus
dividends
—
_—
stock and surplus
$JL27
stock
"
$1.56
the directors .held June 27, the regular quarterly
of $1.05 on the $6 preferred stock and 87 Mi
(such stocks having been modified as to
dividends rates and otherwise as of Nov. 23, 1945, in connection with
a $30 per share capital distribution)
for payment Aug. 1, 1946, to the
stockholders of record at the close of business July 5, 1946.—V. 163,
p. 2723.
declared
cents on the $5 preferred stock
Co«—Declares 50-Cent Cash Div.—
declared a final
Common-
•
announced on June 28 that the corrporathat it has elected to reduce its Regula¬
to $5,000,000 effective July 8.
Two
previous reductions made in 1945 had reduced the V-loan credit to
$10,000,000
from the-original amount of $25,000,000 arranged in
Webb Wilson, Treasurer,
has notified its banks
A tion
tion
V
credit
from
November 1944.
•
"The
$10,000,000
-
A
•
*
•
'
corporation has not borrowed any - money
part of September, 1945," explained
since the latter
-
meeting of
were
$4,540,738
2,119,092
267
for
Fairchild Engine & Airplane Corp.—Reduces V-Loan
—Practically'All of Preferred Shares Converted Into
Lehman
.
a
15,787
quarterly dividend of 50 cents
1 to holders
paid.
^; A
The direcotrs recently called in the $50 par stock to be exchanged;
for $10 par value stock, effective July 16.
On and after the latter date'
no-transfers will be made except in connection with the exchange.
The stockholders in April; 1946, approved a reduction in the au¬
thorized capital stock from $2,500,000 to $500,000, by decreasing the
paV value of the shares from. $50 to $10 each.-—V. 163, p. 2436.
.
At
n
oki
share on the $50 oar value capital stock, payable Aug.
of record July 15.
This is at the same rate as previously
'
dividends
~
>
*:•
48,903
Eureka Pipe Line
similar scrip certificates
shares of preferred stock,
Electric Bond & Share Co.—Declares Dividendsr—
;
251,417
108,587
The directors have
Brothers; One Wil¬
liam Street, New" York; N, .Y.; have stated that they will sell scripto stockholders to complete a full share, or they will purchase scrip
from stockholders, at the same price proportionately as the price of
the next sale for the full shares of preferred stock on the New York
Stock Exchange after the receipt of an order, plus 25 cents for scrip
representing each one-quarter share purchased by the stockholder
or less 25
cents for scrip representing each one-quarter share sold.—
V. 163. P. 3283.
A---A _;'v; VA*; ■
■
'
-A
A-O
A-Astockholders,
f;
per
exchange
convenience
A-'
——Ar—^'s,!1,!!
•-A^-—332,308
316,599
dividend of (125,000 paid by The Western Public
Service
Co.
incident
to the sale,
tlncludes common dividend of
$458,554.82 paid by Savannah Electric & Power Co. incident to the
sale.—V. 163, p. 2725.
1
'
'
,
the
1619,9941
48,830.„ 20,506
^Includes common
at the Bankers Trust Co., 16 Wall Street,
New
York, N. Y., transfer agent, a stock certificate or certificates
for the number of whole shares of preferred
stock represented by
such scrip certificates.
The scrip certificates do not carry any divi¬
dend or voting rights,
or
any
other rights except the right to be
exchanged for stock in the manner stated above.
A .
For
1945
$4,856,697
"233,300
investments
Earnings per share of common
,
any
miscellaneous
Balance for common
more
whole
1946
taxes
Preferred
^
accompanied by one
together one or more
from
Balance
July
1948
representing
(PARENT CO. ONLY)
Interest
;; -"<v
stock,
entitling
July
of $633,422 in April,
$4,956,418
,
company is not issuing any fractional shares in payment of
stock dividend but is issuing, instead, scrip certificates in bearer
form
$13,566,918
21,002
Federal income taxes.
The
the
$989,168 $10,183,247
$713,447
reductions
common
Expenses.
'
9 mailed to Us common stockholders the
stock dividend declared by the board of directors on June 13.
The
dividend consists of one share of cumulative no par convertible pre¬
ferred stock of the stated value of $50 a, share for every four shares
of common held on July 1, and was payable on July 10.
The new
preferred has been listed on the New York Stock Exchange.
It
is
estimated
that
this
dividend, amounting to approximately
$8,700,000 In stated value, was received • by - 5,000 holders of the
corripany pn
2,211,697
1,432
April 30—
subsidiary companies:
-mt.Total revenues
Dividend in Pre¬
>•
'
•
2,042,856
14,905
170,238
993
four shares
working capital .for
and for completion
v-
864,058
3,653,033
5,760,817
Miscellaneous revenue
will use $10,000,000 of net proceeds toward the payment of its
bank loan with Central Hanover Bank & Trust Co. and other
made
889,644
5,051,261
5,045,375
,
$1,688,579 $17,264,711 $24,827,245
328,123
3,644.851
4,365,278
199,617
1,378,852
4,662,350
170,238
int.
_
12 Months Ended
Revenue
and
will
The
278,064
extraordinary
Dividends,
for 298,971
Rights expire Aug. 3.
The underwriters will determine whether
be a general public offering of Unsubscribed shares.: Com-
there
$1,162,741
—
amort
income-—
Revenue from
Shares initially will be offered for subscription
stockholders
common
/!
-A
$1,655,084 $17,502,116 $24,746,505
33,495
Cr237,404
80,739
COMPARATIVE INCOME STATEMENT
-
of the program.—V.
Phoenix,
Stace
by
industries reported.
The company
sales promotion and engineering develop¬
of
extensive sales work of
and conducted
expenditures
December,
El Paso
extensively
month
increases
Variety
: ,A
*
1945, and of
and $10,652,986 in year
$1,378,852 in 12 monthsperiod ended April 30, 1946 (prior period $2,383,206), representing pro
rata amount of those portions of premiums and expenses on redemp¬
tion of bonds which are equivalent to resulting reduction in Federal
income taxes, and (2) $2,279,144 in prior period representing pro rata
amount of book loss on sale of transportation property in 1944 which,
because of write-downs in prior years, is $1,880,259 less than the pro
rata reduction in Federal taxes resulting from such sale.
long-range nature," Mr. Munn stated.—V. 163, p. 1862.
banks.
Phoenix,
and
Tucson
the
1,819
cos
"After
current
organized in 1928 for the
immediate purpose of bringing gas to the area in and around El Paso,
Texas.
The initial pipe line from the Lea County field to El Paso was
completed and the delivery of gas in the El Paso area was commenced
in 1929.
In 1931. the pipe line was extended from El Paso, Texas, to
the Douglas-Bisbee area in southeast Arizona, with a lateral line to
C&nanea, Sonora, Mexico, the latter being owned by a subsidiary of
the company, Compania Occidental de Gas, S.A. de Capital Variable.
Ana.,
invested
ment,
a
HBSTORY AND BUSINESS—Company was
A
Net
.
shown
have
in
by
$4,489,545 in 12 months ended April 30, 1946,
ended April 30, 1945.
tSpecial charges of (1)
$1,019,543 before giving effect to estimated tax adjust¬
loss, $240,000 was a non-recurring charge incurred
with the retirement of the 5 & debentures.
tFrofit.
and
sub.
$0.63
the net
orders
size
pany
2,660
2,660
395
of
Of
connection
—;
Applic. to minority
424,271 A A, 290,003
31—
div.
of
adjustment for estimated refunds in connection with carry¬
operating losses and unused excess profits tax credits, or a
Smith, Barney & Co.
,
9,330
4,000 '
602
The Ohio C0.__,———
Viator, Common, Dann & Co
Nil
The company oft June 26 filed a registration .statement
shares
($5
par) common stock.
Underwriters, Lehman
9,330
/
' 395
1
of May
as
$1,160,922
charges
requirements
Pfd.
1945
Electric Auto-Ute C°<—Registers With SEC—
1,605
1,605
1,605
Co
1
Co.
,
5,619
*
2,408 ' 1
2,408
—
Bosworth;. Chanute, Loughridge & Co._
Kebbon, McCormick & Co
Laurence
1,381
1,381
5,619
-
—
Weeks——,;
Co
'
5,619
—
^
No.
of
loss
In
15,757
7,225
Smith, Barney & Co.
Bornblower
.
9,432
_•
net
ments.
has
Maximum
No. "
16,000
Maximum
Shares
Co..
Webster Securities
Blyth & Co., Inc.——
Kidder, Peabody & Co
Uhiori
...
back
and
9,633
'
p
v
"After
•(■"Unfilled
:!:
Common
B
No. of
1
:
Ssbooe
numbers
respective
the
exceeding
tUnfilled orders
revenues—
(net)
and
J325.594
share-.
common
73,915
310,236
414,742
tSpecial
A
"66,492
per
74,581
534,512
435,196
income
Balance
$1,113,876 $12,919,015
loss
oper.
Companies)
taxes-
income
taxes
Other
stock are set
common
preferred stock set forth opposite their
in Column B and not exceeding the respective numbers of shares
additional
Net
acqui¬
adjustments
"Federal
Other
RESULTS FOR SIX MONTHS ENDED MAY 31
Earnings
forth
Such underwriters have severally agreed to purchase the re¬
numbers of shares of new preferred stock set forth opposite
preferred
new
the con-
the California companies like authorization for
granting
revenues
Interest
1946
announced
1946—Month—1945
1946—12 Mos.—1945
$4,971,504 $5,093,980 $62,487,064 $73,875,449
2,022,510
1,893,755 24,799,227 28,333,414
336,287
357,019
4,480,461
.4,924,145
407,495
389,229
4,718,980" 5,593,476
Period End. April 30—
Operating
Operation
directors.
Sales
been
formerly
Engineers Public Service Co. (Inc.)—-Earnings—
allowed by
granting
have
executives
young
President.
Nelson,
C.
stock
company
been elected
has
r
.
Holders
Y.
and the $3,500,000 issue of 5%
debentures
called A' for redemption
last April, were both
issued during the war to aid the financing of the company's enormous
wartime production.
Inasmuch as the purpose for which the securi¬
ties were issued has been accomplished, it has been decided to return
the capital,"; the announcement of the board of directors stated. ?
1
Retirement of the preferred will leave the
company with common
stock as its only outstanding.capitalization,
It has no funded debt
or bank loans outstanding, and as of May 31,
1946, had net current
assets of $5,113,026, exclusive of amounts estimated to be recoverable
on
account of tax carry-backs.
Cash aggregated $8,293,000, of which
$2,198,000 was reserved to cover the payment of accrued royalties
and $2,400,000 which has since been paid to liquidate the company's
final renegotiation obligation, John R. Munn, President stated.
William C. Melohn, agent of the Cummings Estate in Chicago, 111.,
preferred
which
of tractor orders at $700,000.
in charge of experimental research, waa
promoted to Central Works Manager; LeRoy Barrett, who has been *
executive engineer of the Farm Equipment Division, has been made
manager of that division,
and J. W. Koyen, 35, who was Assistant
Secretary-Treasurer of Ellinwood Industries, has been chosen Secre¬
tary-Treasurer.—V. 163, p. 3133.
exercise conversion rights on the basis of 3 13/29 shares of com¬
stock for each share of preferred stock prior to Aug. 10.
may
three
of
Promotions
Ray Ellinwood,
and dividends. Immedi¬
at $52.50 per share
,
can
primarily
...i.
A
''A-v.A'-A av,
A
on
will be made of the full redemption price, plus accrued
the redemption date
(Aug. 15, 1946) at the Guaranty
payment
\
.Production JanuaryAtbrpugh June; i$46,:^^he;sald;Jias^^ been
\
.the Cat line of tractors, but starting iri July, the firm will be,.
making, two new products, viz.: A Radiotone, professional broadcast
recording machine, and a line of manual and power hydraulic controls
for clutch, throttle and steering of boats.v ^
<>
>
.
A
1
163. P. 3416.
dividends
$41,412,000, of which $32,144,000 is ap¬
plicable to the construction necessary for deliveries during the first
yea* at a rate up to 125,000,000 cubic feet of gas per day.
In connec¬
tion with its application for authority to construct and operate the
new
California line,
the company submitted evidence to the Federal
Power Commission to show that the company would earn a rate of
return on the new California line within the rate of return heretofore
the Commission for similar projects.
Federal Power Commission issued on May
$255,782
$196,42G
taxes—
•. r.;
•:.iA Xt:£: i
preferred stock (par $50)
ate
cubic feet per day is
000,000
408,599
$3,501,752
The corporation on June 28 called for redemption the entire out¬
standing issue of $1,007,650 par value of 6%
cumulative convertible
Panhandle and Hugo-
125,000,000
387,386
$3,137,739
M.
the contract with the California
the maximum contracted daily demand
when
$6,272,950
j;
step lt*up the minute the materials are- available." ;
In. his report, he stated that during the first six months of the
calendar year,
1945, National Machine produced $413,000 worth of
war goods, $261,000 in the first quarter and- $152,900 in the seoond. '•
This compares- with- the. firms first six months of .1946, which had A
a production of $1,143,300,
of which $423,300 was in the' first quarter,
and $720,000 was estimated for the second.
Only about 6% of the
production for this year was attributed to "tail end" war products.
elly.;i BUt we
Six Months Show Loss—
of the gas and
cubic feet of gas per day, and $8,450,663 when
demand becomes 175,000,000 cubic feet per day.
The estimated
of the new California line completed to a delivery capacity of
i»
33,604
AA 31,495 A
deduct—
.
under
bill
annual
minimum
companies
$3,910,351
A-;; A.
west Texas.
in
$3,525,126
Elastic Stop Nut Corp; of America — Calls 6% Pre¬
ferred Stock—Elects New Director—Earnings for First
305,800,000 cubic feet of gas per day.
To meet its requirements for
the new pipe line, the company has contracted for additional supplies
the Permian Basin area and from the
$289,386
,t
it,
of gas in
$227,915
—-—
<f $102,805
gas
ton fields
A; Brl8,943
$303,873"
BalAfor common divs.
through facilities to be constructed by them, to their
distribution systems in Southern California.
Under the
30-year contract, the company undertakes to deliver to the California
companies up to 125,000,000 cubic feet of gas per day during the first
year of the contract term and up to 175,000,000 cubic ieet of gas per
day thereafter, with an option to the California companies, exercisable
on
or before Sept.
1, 1949, to increase their takings to a maximum of
transport
existing
$3,929,295
Drl0,926
income
stock
Pfd.
Southern Coun¬
where Southern California Gas Co. and
California propose to take delivery
of
Co.
$3,536,052
DrU.486
$232,068
income
W-
the Arizona-Cali¬
to a point on
Mexico
New
southeastern
and
Gas
18,461
530
Ur4,153
income
Net
present regis¬
tration
The
offering of these shares to employees is expected to be commenced
itpm or shortly after the, completion of the financing program.
CALIFORNIA PROJECT-~Company proposes to cohstruct a new pipe
lba« system to transport natural gas from gas and oil fields in west
ties
moderately
country's
that this corporation is now producing
A; "The month of June," Ray Ellinwood, President, said, "we will bava
produced in excess of 1,500 tractors;
This' rate, if sustained, would
mean an annual production ot 18,000 units. / It is only half ..what we
could produce if we w?re able to get all of the engines we order.
Delays due to labor troubles in the East slowed our production materi-
'
—
—.
income
Federal
6,000 shares of .common stock covered by the
statement lo be offered by the company to employees.
fornia
222,028
It is announced
priced tractors at a rate greater than was produced by all the
factories combined im any^ of the years.-prlot ta the' war.
~
"Subject to the terms of the
Texas
Calif.^Production,
'
income
Gross
excluding
■
358,847
.
devel-
and
costs
Balance
Other
nsnnn Rhs
825,000 shs.
par)-
($3
336,552
29,064
■
indenture of mortgage of the company
to be dated as of June 1, 1946 providing for the issuance of the $36,OOOcOOO new bonds as the initial sreies and securing a total authorized
issue of $60,000,060.
tTo be shares of the first series of a new class
of preferred stock, of which 100,000 shares are authorized by certifi¬
cate of amendment of
the certificate of incorporation.
JExcluding
1,232 shares acquired by the company and held in its treasury and also
•
for
f
payable
note
26,763
A opment
dne 1966, due .June
2%
(
indu'itries, Los Angeles,
Ellin wood
:
1,561,612
209,334-
taxes___
income
Exploration
pipe - line* bonds; 3% Serles Authorized. ,
1, 1966
„
—*$36,000,000
to bank maturing
serially from 1948 to 1953—8'522'^a k
4.10% cumul. pfd. stock_ ($100 par)---'
" +75,000 shs.
lst
eral
<
121,939
FINANCING
Outstanding
$36,000,000
EFFECT TO PRESENT
CAPITALIZATION GIVING
Taxes,
7^.669
'
.
—
Gains-~Three Officials Promoted
1,191,104
for retirements
other than Fed-
prov.
'
1946
termination of war contracts and recon¬
the company's new series of simplified,
especially designed: for use in light and
medium
personal
aircraft not previously equipped with
hydraulic
systems because of price and weight factors.-—V. 161, p. 878.
-
depletion,
Depreciation,
$1,550,000 principal amount; obtained
since Jan.
1, 1946 to finance temporarily expenditures for the con¬
struction of the new California line, will be paid out of the amount
loans
,
A
,
,
considering
orders
filled
1946-7-12 Mos.—1945
$8,018,312
$7,929,044
2,205,194
1,448,725
540,077 ''408,538
1946—Month—1945
$580,923
$665,423
198,081 '
152,126
45,812
39,961
—-
Maintenance
;of. the company.
general corporate purposes
^Additional
•
A-
-
,
Operating revenues
Operation
surplus
version, including orders
low,
cost landing gears
APRIL 30 30
EARNINGS FOR 'PERIOD ENDED
• •
profit:4--—I—A
Earned
:;
Y.—Earnings—
>
1945 ■
;*$164,189:;At$195,37S a;
541,218
399,799
♦Subject to current renegotiation proceedings, tAfter renegotiations- ,
On March 31 company had on hand a satisfactory amount ot un-» .
'A
Years Ended March 31---
Net:
sidiaries.
,
part for the
company to reimburse it in
extensions and additions to its present
(4) Retained by
,
contracts for
the construction of the1
(3> Construction, funds dedicated to
Electrol Inc., Kingston, N.
welding of pipe lines and also undertakes
i^ie welding of pipe lines,
^
;
■ :
,
,
A
Except for the construction and operation of the new California line
and the possible intensification of the activities of the company and
its subsidiary. Western Gas Co., in the exploration for and development
of gas and oil reserves, the company does not contemplate any change
In the general character of its business and the business of its sub-;
machines used In the. field
..the cash adjustment (exclusive of dividend adjustment)
payable upon exchanges of old preferred stock for new ;
. ^
preferred stock, not exceeding^^A--....-..--—W»«7»Q'W
;
Monday, July IS, 1946.?,
FINANCIAL CHRONICLE
THE COMMERCIAL &
:'f£:
276
under this vcredifc
Mr. Wilson, "and,
May 31 were in excess of $68,000,000, the
corporation
does not presently anticipate borrowing in the :v near
future.
Therefore only a small portion of the original credit is being
retained
as
protection against' presently unforeseen needs."
The
V-loan credit matures Nov. 15, 1947.
'
A
"
although unfilled orders at
•
Mr.
Wilson
also
announced that :bf the
16,864 shares of the cor¬
poration's $2.50 cumulative preferred stock outstanding at the
the
preferred was called, all but two shares were converted
common
stock on or before June 24, 1946, the
redemption
time
into
date.
Electric Power Equipment Corp.—-Files With SEC—
The company oir July 3 filed a letter of
for
99,750 shares of common stock (par
Buckley Brothers.
will
be
used
for
Stock
is
to
A Each share of. preferred was convertible into 14 shares of common
notification with the SEC A
stock up to the close of business on June 24, when the conversion
10
cents).'
Underwriters,
be offered at $3 per share.
Company manufactures
working .capital.
Proceeds Aright expired. The two shares not converted will be
sells A cash at $53,70 per share. Common stock outstanding at
and
high-voltage electrical switches for utilities, railroads and industrial A
business June 24 was 2,302,707 shares.
; A
A :
companies; also air-conditioning and commercial refrigeration equip¬
The entire issue
of $2.50 cumulative preferred
ment,
,
v
redeemed in
the close of
'
stock
was
called
redemption
May 24 for
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4507
yolume 164
June 24 at $52.50 plus accrued.dividends of.
were
1945
by
Frontier Refining Co., Denver—Registers With SEC—
.
per share.
The original issue consisted of 90,000 shares which
publicly offered at $50 per share and accrued dividends in May
$1.20
Smith,
Barney
ahares of preferred were
The company on June 27 filed a registration statement for $100,000
of 4Va% first mortgage bonds, due 1951; 3,500 shares ($100
par) 5%
cumulative
preferred
stock
and
15,000
shares
($1
par)
common.
Underwriters, Peters, Writer & Chrlstensen, Inc., and Sidlo, Simons,
& Co. and associated underwriters.
73,136
converted into common stock "prior to May 24.
July 11. announced that Britto
Perelra & Co. of Rio de Janeiro, Brazil, has been granted a license
to
manufacture
plastic-molded bonded plywood and
other molded
^materials under Duramold patents.'
The contract is for five years.—
V, 163, P. 3133 and 2852.
jr. Carlton Ward, Jr., President, oil
.
shares
will
at
The
company
shares
stock,
preference
series
par),
are
'
it.
,>
.
U'- '( \
n
*
,
i*
i
v.'
/..
"
•
jj* *
.
J
-
^
J:
.
z '
,•*•:
1,
the
name
that
the
At
priced
It
was
dividend
is
share.
per
\
Proceeds
7
St.: Louis,
in
engaged
business
the.
of
purchasing
and selling
same
of
one
the
on
of
of
the
old
effect
to
of
as
new
old
stock and by the issuance of 250,000
(par $1) In exchange for the 622 shares
(par $100) previously outstanding- After giving
recapitalization, the capital structure of the company
common
common
stock
common
stock
this
July 3,
1946
is
follows:
as
A
-
Preferred
Common
stock
stock
»£,'Y■
'
'
(par $50)
(par $l)_-„
Authorized
Outstanding
50,000 shs.
-
20,000 shs.
;'g 250,000
*320,000 shs.
-
;
shs.
♦70,000 shares of common stock are reserved for possible conversion
Of the 20,000 shares of 4 %
cumulative convertible preferred stock.
Company also contemplates augmenting
moderate priced still camera and with two models
enlargers.
tJNDERWRX'rERS-^Company has
the
terms
of
been
that
informed
pursuant to
underwriters
the
a students'
type microscope.
Company will also manufacture two
scientific educational toys, known, respectively, as the "Grapho-Scope"
underwriting agreement, each of the
has severally purchased from the
selling stockholders the following
percentages of the 488 shares of old common stock (par $100) and
and
pursuant
pt
the
"Jecta-Scope,"
entire
which
business
the
of
be
will
of
and
company
relation, to
manufactured by the
Importance in
minor
were
prior to the war.
company
♦The
(par
UPON
*234,000 shs.
stock publicly offered are
common
recapitalization
cumulative
addition
to
a
convertible
total
of
of
names
the
the
and
A.
G. Edwards
Butcher
No. of
Shares
Park-Shaughnessy & Co._
Dudley H. Waters & CoLink, Gorman & Co
Investment Securities Co._
5,000
5,000
Blair F.
SUMMARY
OF
EARNINGS
ns,
•
follows:
as
,7
Full
Convertible
&
Preferred Stock Par Value $1.
<
Received
Received
4,314
of
sales
$2,473,827
1,853,873
...
sales
&
gen.
216,119
919,490
4,314
53,938
Total
Other
;
Rauscher, Pierce & Co.—
& Co., Inc
Morgan & Co—
&
784
%
424,321
>
£*■»'
Net
2'/2%
4,903
A
392
-.R '*
<
\
value
of
income
$359,228
1
Co.,
25' filed
on .June
Rock
$341,246
Mar.
of
258,292
$99,036
*
191,644
$73,620
letter
of
1944
$4,664,074
$4,610,128
3,440,874
254,365
238,538
$2,818,637
2,204,890
262,777 ^ 208,795
$968,835
$644,247
6,847
15,292
>14,169
$975,681
$659,540
42,453 ?• 'fe 43,844
$192,002
—
$419,121
$87,073
10,827
on
inc.-
69,400
493,665
37,665
156,580
255,750
A total of 150,000 shares of both issues
offered in: exchange for the 7% preferred stock.
exchange privilege expired' June 26 and 74,233
shares of the 7% cumulative
preferred stock were de¬
posited for exchange for a like number of shares of new
first preferred stock and new convertible
The
preferred stock.
.The Chase National Bank of the City of New- York h&s been
ap¬
registrar of the 4% cumulative convertible second preferred
stock, $50 par; value.;
•
,
.
j
The corporation has offered to holders of the
150,000 butstahding
pointed
;
shares
of
its
changing
of
4%
7%
such
,
cumulative
shares
cumulative
on
before
or
first
preferred
stock
June
26,
stock
preferred
and
profit
163, p. 3134.
$111,776
$439,564
$359,945
company
shares
of
no
par
1
common
will be used
ceeds
July
on
for
for working capital.
filed
stock.
letter
a
of
Offering
notification
price,
$3
improvement of bottling plant,
Issue Is not underwritten.
a
for
of
vertible
at
time,
any
part
unless
previously
redeemed,
share.
at
time
any
new
Foote Bros. Gear & Machine Corp.—New
dairy farm and
Sec'y, etc.—
30
on
days'
Dividends
Vice
Galveston-Houston Co. (&
W.
Coppin has been elected Secretary, succeeding J. R.
formerly Secretary and Treasurer, who now becomes Senior
President
Assistant
Mr.
and
Vice
Coppin
Treasurer.
Fred
Salzmann
has
been
Period End. April 30—
Operating
appointed
garage
Other
.
with
the
company
Fed.
exc.
notice
Operating
Other
share.
Income
Underwriter,
used
to
of
C. Moore & Co., New York.
Proceeds
$143,000 to liquidate present obligations and
remainder for general corporate, purposes.
Net
2,147,285
4,170,620
2,067,229
3,941,945
94,274
1,113,397
950,457
65,800
13,870
354,210
165,543
82,200
41,572
—V.
company
for 3,440
shares
share.
a
on
Julykl filed
(no
par)
a
letter of
stock,
common
Proceeds will be
used
for
notification with
to
be
offered
additional
Issue Is not underwritten.
to
the
/
A
56,236
626,550/
613,294
17,075
income
1,195,952
664,947
ji;/
are
William
l»th of Denver..
A.
Condon
a
share
and
on
25,000
Investment
price
shares.
It
$1
Franklin Stores Corp.—June Sales
Up Only
1946—Month—1945
_—$1,815,401
1946—6
a
of
i %'—
.
Mos.—i945
$1,798,012 $23,498,840 $22,146,837
is
dividends
$33,580
5
—
$603,694
A
'
;
,A.
announced/that
announced
this corporation
of
the
233,660
sales
will
produce
its
new
type,
is
.
also
class
Motorola
t
radio
a t
•
were
increases
of .87%
and
respectively
The
directors
share
on
the
announced
common
the
and
usual
$1.25
quarterly
per
share
(par $50)
the
150,000
150,000
shares
Issuance
Outstanding
150,000 shs.
150,000 shs.
3,000,000 shs.
-
for
<•
-
of
new
to
pursuant
1,898,614 shs;
;
shares
of
first
new
convertible
plan
preferred
of
recapitaliza¬
outstanding 306,689
provided for the change of the
A
stock, with the accumulated dividends of $4
into 1,226,758 shares of common stock, making
all
per
the
-
theS lSO.OOOshares^ of A
of
450,000
shares
-AAT/'A
of
common
Vr
Cable
Co.
about
in
The
sale
Nov.
New
business
of
rods,
on
15,
new
Convertibteipreferred
of
insulated
and
electrical
against
would
about
Oct.
6,
products,
1925,
principally
and to
" '
of
present
"
Inc..,
of
13
The
First Boston Corp.^
Goldman, Sachs & Co.—„
Harriman, Ripley & Co., Inc.
Kidder, Peabody & Co
Stone
Brothers
use
'
6
4
Baker,
A.
G.
6
Alex.
Weeks
Brown
Central
L.
F.
&
Becker &
__
> 4
Harden__
3
Co., Inc.—
Sons
&
Republic Co.
Rothschild
&
(Inc.)
Co._
6
Dean Witter
The Wisconsin CompanyHenry Herrman & Co
Securities
corporation
outstanding
pur¬
" V,r.,
White, Weld & Co._.„_
6
6
as
and
Percentage
Lee Higginson Corporation4
&
Co
4
lQOft
4
Calls 7% Preferred Stock—
The
on
A ,< •;
principal underwriters
underwritten shares to be
6
Webster
Corp.
Hayden, Stone & Co
Hemphill, Noyes & Co.—_
its
for
.A
the
6
6
Loeb, Rhoades & Co.
Corp
Securities
&
name
■
and
copper
•
names
Percentage
Carl M.
such
primarily the manufacture and
and cables, bare and tinned wires and cables,
the respective
percentages of the
chased by them severally are as follows:
Lehman
total
is
conductors.
Co.,
a
upon
7^?
corporation
wires
related
dilution,
Issuable
incorporated as Safety Insulated Wire
April 15, 1902.
Name was changed to
1927.
the
be
was
Jersey
or
stock
'
•
BUSINESS—Corporation
.
called for redemption on Aug. 1, next, all of
cumulative preferred stock at $110 per share,
of
$54.25
per
share, or an aggregate o$
has
1%
dividends
accrued
' ■
:
w: "
may
obtain immediate payment of the full redemption
plus accrued dividends to Aug. 1, 1946, upon presentation and
surrender of said stock at the Central Hanover Bank & Trust Co.,
-
price,
redemption agent, 70 Broadway, New York, N*Y.-—V. 163, p. 3284,
dividends of 50 cents
the preferred stock.
on
They were payable July 1 to holders of record June 20.
jV:Announcement was made also of a recent action by the board of
directors whereby Br C.
Gamble, formerly Vice-President, was named
Chairman Aof the board.- .Other changes include M. O.
Weiby, from
„
General Dry Batteries, Inc.—Larger Dividend—
Walter A.
Onorato, President, on July 1 announced the declaration/
of 15 cents per share on the company's 437,325 out¬
shares, payable Aug. 1 to holders of record July 20,
1946. In March a dividend of 12 cents a share was paid calculated
on 412,325 shares outstanding before the recent financingAccording to Mr. Onorato, the OPA price increase of 8% granted
the dry battery industry and announced on June 28 became effective
July 1 and is applicable to all types of dry batteries.
The corpora¬
of
.
•
per
,.
Holders
over the corresponding 1945. periods.
Earnings per
after tax provisions for the five months period were $6.12
Compared with $2.58 for 1945.
' »
•
t
,
.
Type Hester—
A-share
20 cents each in the last three
»
150,000 shs.
150,000 shs.
protecting
of
plus
Motorola
company,;. The
a
Stock were converted into common stock at the lowest
conversion
price per share <61 common stock and provided that no -adjustments
of /the Aoonverslott /ptice Awould be /
required under1 jtiw Disovisions^ of
the
certificate of incorporation
$414,158
233,660 ~A
AT;
Gamble-Skbgmo, Inc.—Sales Rise—Changes Made in
;t73%
D.
87,021
$93,646
163, p. 3134.
co-founders
quarters.
Mallory Stevens of Brewster, N. Y., has been elected a director.
Chairman of the New York State
Assembly's Ways and Means
Committee.—V. 163, p. 3417. i
" A AA ■
i ■} A
' $501,179
39,453
.Gross sales of $29,248,452 for the first-five months of
i946, and
$6,810,792 for May alone, both figures the largest in the
company's
history, were announced recently by B. C. Gamble and P. W.
Skogmo,
on
The company paid
:$643,146
6,447
Personnel-—
New Director Elected—
and
authorized
NOTE—If
t
$40,027
through the established
distributor organization.—V.
l63i p. 3284. a
Inc.,
July 8 declared a quarterly dividend of 25 cents
a share on
the outstanding common stock, payable
July 22 to holders
of record July 15.
Frank Rubenstein, President, said that the board's
action places the stock on an annual basis of $1 a share
against 80
previously.
$480,322
20,858
2,806
and communications equipment.
Distribution will be made
Increases Dividend—
directors
A
plant at 4545- Augusta Boulevard, Chicago/ will" continue
uninterrupted production of the Motorola line of home and car radios
Proceeds will be used for mine development.
Period End. June 30—
<
auto heater in the
five-story plant in
Chicago, 111., leased from Ferrara Panned Candy Co.,
Inc., for a five-
Under¬
Supervisors,
20,040
share-,»arud
per
1946.
total common shares outstanding 1,898,614.
year term.
The main
the SEC
is
A $623,107
1,908
$96,453
income
recently
shares and $1.25
$38,119
1,114
Galvln Mfg. Corp.—Produces New
public
working capital.
Franklin Mining Co., Denver, Colo.—Files With SEC—
for
$95,339
(net)—__
I,
Authorized
RECAPITALIZATION—The
stock
$164.25.
SEC
the
The company on June 28 filed a letter of notification with
for 42,075 shares of $1 par common stock.
Offering
income.
deductions.
Common
Fox Paper Co., Lock land, Cincinnati—Files With SEC
writers
161,039
330,805
.
Income
Gross
Frank
extent
OF
Blyth &
89,134
profits tax—
$51.50
PRESENT FINANCING, v*
TO
(par $100)
pfd. stk.
$9,466,394
169,970
surtax
at
from July
accrue
(no. par).
thereon,
Mellon
The company on July 1 filed a letter of notification with the SEC
for 99,000 shares ($1 par) common stock and stock purchase warrants
for purchase of 30,000 additional shares.
Public offering price, $3 a
$25
$9,648,462
367,225
Depreciation
SEC—
The
and
$776,543
•
expense.:
normal
1946—12 Mos.—1945
and
exps
taxes
Fed.
Foe; Metal Products Corp., Denver, Colo.—Files With
$829,039
oper.
General
for more than 20 years
variety of production and engineering capacities.—V. 163, p. 309.
will be
Subs.)—Earnings— r
1946—Month—1945
revenues
Equipment, maint.
formerly Counsel and Manager of Industrial Rela¬
was
share
or
•
President.
tions for tne company.
Mr. Salzmann has been
stock
which
shares
2nd
conv.
were
tion
pfd. stock
UNDERWRITERS—The
Arthur
Fagan,
cum.
first
Safety Cable Co.
President of the St. Lawrence Corp., Mon¬
treal, Canada, has been elected President of the Southern Paperboard
Corp., succeeding George E. Dyke, who becomes Chairman of the Board.
—V. 163, p. 2437.
*
stock .-at
common
purpose of these Issues of new first preferred stock
cbipvertible preferred stock is to retire the. 150,000 out*
cumul.
Ernest Rossiter, formerly
Pro¬
into;
prices
$tan<Ung:^S2e$;£t,the;;<:<)^Qratty^
&
(Robert) Gair Co., Inc.—New President of Unit—
44,272
privilege of ex¬
for 150,000 shares
shares of 4%
150,000
convertible second proferred
stock on the basis of one
new
first
preferred
stock
and
one
share A; of
new
con¬
preferred stock (plus a cash payment) for each share of
1% cumulative preferred stock exchanged.
\
a *
The '4%
cumulative Aftrst preferred stock is redeemable in whole
or In part at
any time on 30 .days' notice at $103 per., share and
accrued
dividends.
Dividends
accrue
from
July 1, 1946.
The 4%
cumulative convertible second preferred stock
(par $50) is convertible
share
$224,876
Florida Dairies Co., Miami, Fla.—Files With SEC—
The
the
1946,
cumulative
conversion.
Net
capital
were
$404,953
6,290
—
income
Other charges
Prov. for taxes
120,897
$91,196
$185,712
14,755
Merrill
cumulative'first preferred stock at $100 per share and
75,767 shares of 4% 'cum. conv. second preferred stock
preferred
3,703,103
59,117
-
at $50 per share.
PLAN
1943
1,009,215
exps.
for
General Cable Corp.—Stocks
Offered—Blyth ; & Co.,
Inc. and associates on
July 1 offered 75,767 shares of 4%
Years Ended Dec. 31
1945
notification
.
4%
EARNINGS
31, '46
111.—Files
:
,
stock
profit
Total
2852
p.
OF
Island,
•
Common
$1,254,045
a dm.
•other income
6,288
'*•''<
■
;
dollar
interest
of common.
Offering price, at market.
Underwriter,
Lynch, Pierce, Fenner & Beane.
Proceeds will be used for
expenditures.—V, 160, p. 1735.
"
•'
'
;
CAPITALIZATION GIVING EFFECT
returns,
sales
Sell., gen. St
$214,253
>
11,511
Canadian
with
-
,
,
4,903
196,137
11,738
taxes
income
163,
$268,637
3,372
1,899
Federal
the
bonds
shares
4%
Gross sales, less
etc.
325,184
,
of
"A*
A va
,
4,903
15,684
3 Mos. End.
—V.
He
increased
$45,000,000
:
.
The company,
A
and
4,903
^
>*
392
*
*
392
.
2Va%>'^
SUMMARY
$202,520
2,047
^
PURPGSEj^-The
9,807
392
2Va%
«
Co.—
1,642,100
5,583
income
on
cents
the
Gellman Manufacturing
With SEC—
9,807
.y
784
2Vst%
Pitman
$2,169,805
$339,198
;•
and
payable in United States funds, $10,000,000 of bonds pay¬
able in Canadian funds and
$9,500,000 of debentures payable in United
States funds.—V. 164,
p. 8.
5
385,541
,
principal
accrued dividends.
$263,054
Charges
Prov. for
The
permit
in
Gross
Bales
to
14,710
$359,228
profit-
A-/'
'
•
account.:.,/';'.
offering includes
19.615
260,725
operating
9.'.
Date for Bond Bidding Post-*
—^
into
new
14,710
10
390,000
$2,719,625
1,956,106
1,928,168
A,
*
per share
of
common
stock which,
initially,,, and
subject to adjustment, are as follows: $16% per share to and includ¬
ing July 1, 1951; thereafter and to and including July
1, 1956, $20
per share; and thereafter,
$25 per share.
Redeemable in whole-or
$2,559,805
723,542
$2,576,764
Other income
share
taken
1,568
Cost
at
apparently
be
The
.
1,176
1,176
admin.
expenses
Net
a
15,
to
conversion
53,938
27V2%
Sons
;
Common Stock
21Va%
Total
—
/
t
closing date for submitting bids on the three bonds issues of
company originally set for July 9, has been postponed until July
%
.
$3,443,167
-
.
The
.
the
7Va%
ll/a%
5
%
Courts
$2,792,883
3191.
p.
)
Bacon, Whipple & Co
Scherck, Richter Co
Stifel, Nicolaus & Co., Inc.
renego¬
refund
Adjusted
Belling,
in
162,
-S-1.
•
$3,393,318
contract
tiation
—V.
'
Boettcher & Co
.t.
etc.
Gross
•
Gatineau Power Co.
poned—
7,500
Claybaugh & Co.
stores.—V.
V.'"1
Initial trading in the stock of this
company was inaugurated July 2
the Montreal Curb
Exchange, initial transactions taking place at a
163, p. 1726./ .--.Av; •
A--.v ••-// •• •/ "•
7,500
——Years Ended May 31--—<*- 9 Mos. End.
1943 •
1944
1945
Feb. 28/46
Cost
con¬
Shares of
Walker & Co
Alex. Brown
10,000
—
a-"' V
Hill Brothers
Chace, Whiteside &
Warren, Inc.
G. H.
10,000
15,000
15,000
Co._
and
stock
common
cumulative
Full Shares of
Underwritten
10,000
& Sons—
Sherrerd
&
and
4Va%
4ya % Cumulative
Common Stock
No. of
Boettcher
of
shares
Par Value
respec¬
Shares
31,000
7
Percentage of
underwriters
stock
shares
received
Shares of $100
tive number of shares to be purchased by each, are as follows:
Bills, Minton & Co., Inc.^
preferred
7 198/622
has
company
shares),
presently
issued and outstanding and are owned by the sellers.
UNDERWRITERS—The
the
of
preferred stock and 4-298/622 shares of common stock repre¬
sented by warrants which are to be sold to the other
stockholders of
the company in order to enable them with other
fractional warrants
Issued them In such recapitalization to
acquire full
Outstanding
500,000 shs.
116,000 shares of
the
vertible
RECAPITALIZATION
$1)
to
4V2 %
(in
Authorized
stock
of
,
CAPITALIZATION
Common
"dealer-owned"
price of 90 cents per share.—V.
t
changed to R/ E. Funsten Co.
shares
•
present time the products being manufactured are
Its products with a
and 196,137 shares of
1,371
as
on
share.
;fcAPITALlZATION---Xn contemplation of the public offering now
being made and after the purchase of the 488 shares of old common
stock (par $100) from the
selling stockholders, the capital structure
of
the company was
changed by the issuance of 20,000 shares of
4Va%
cumulative convertible preferred stock
(par $50)
as
a
stock
two basic models of photographic enlargers and, in small quantities, a
micro-film reader projector.
Company Is in the process of augmenting
the present models of enlargers so as to present a complete line of
moderate
(flat)
remain
Gaspe Oil Ventures, Ltd.—Listed—
common
a
Teuscher
'«A-a
preferred
$11
•:
was incorporated in New York
Company is engaged principally in the manufacture
photographic apparatus. Company's products are sold under
"Federal"- and have been advertised and promoted under
name.
shelling the
shell.
name
1933.
and sale of
of
$101;
at
the pecans, both shelled and in
largest commercial pecan shelters in the
United States.
It was organized in Missouri Aug.
30, 1902, under the
name of R. E. Funsten- Dried -Fruit
St Nut Co.
In 1922 its corporate
the
HISTORY & BUSINESS—Corporation
June
at
common
.
pecans,
\'j
./A "--.a-
•
share
per
COMPANYr-rCompany- is
Agents, Continental Bank & Trust Co., New York and
City National Bank & Trust Co., Chicago.
New York Registrars,
Corporation Trust Company, New York and Harris Trust & Savings
""'. '1A-
shares
sold
be
of
C.
Mo.
Transfer
":
will
shares
Transfer Agent and Registrar—St. Louis Union Trust
Co.,
/
,
holders.
""
Unsubscribed
bonds
stock; (par $1) at'$11.87%
selling stockholders. a
:
go to
Federal Manufacturing & Engineering Corp.—Stock
Offered—Sills, Minton & Co., Inc. and associates on June
18 offered 116,000 shares of comomn stock (par $1) at
$5 per shairef; "The stock is being sold on behalf of stock¬
Bank, Chicago.
held.
The
unsubscribed
common
presently outstanding 87,035 Va shares of $1.50 cumulative preferred
ctock, series A, and 25,000 shares of the same stock, series B, at $26.50
and $27.50 a share, respectively.
The balance will be added to general
funds,-r-V. 162, p, 2391.
'
'v, •
A
,'/
*
and
(par $50) at $51
company's
(no
and
Co. and Alex. Brown & Son on July 9 offered
15,684 '
shares Of 4
% cumulative convertible preferred stock:
including Aug. 1, 1956, and 25,000 shares ($1 Par)
Underwriters, E. H. Rollins & Sons, Inc.
Holders or
outstanding $1.50 cumulative preferred stock, series B
offered the opportunity to exchange such shares for
.56,017 shares of the 4Vac/o preferred.
Unexchanged old shares will be
c&Hcd for redemption on Oct. 1.
Proceeds'will be used to retire the
the
shares
100
publicly.
share
a
<R. E.) Funsten Co.—Stocks Offered—G. H. Walker &
(par $50)-—
A
each
offered
R.
President and Treasurer, respectively,
does P. T. Mucke, as Assistant
Secretary. -A:A,
atAa'A'
aA
As of May 31, the corporation operated 312 "company-owned" stores
>
registration statement for W00
a
and
as
A ;
•AAA/;'
and
stock.
•common
filed
8
.
cumulative
4Va'/o
of
convertible to
July
on
be
$100
Estimated net proceeds of $575,000 will be added to
working capital.—
V. 162, pr2015.
' •
•
»
*
v
1 '
v: ,A
i
y,..'
v
A AAVA-A
>A
/•
■•AAAAAAA:AW|A;AAAA;A/
family Finance Corp,—Registers With SEC—
.
for
277
Secretary to Vice-President; H. R. Baker, Vice-President; S. G. Miles,
Secretary, and Gordon O. Bell; Assistant Secretary.
P. W. Skogmo
Roberts & Co., Denver.
The bonds and preferred stock will be offered
to
the
public, but the common stock Initially will be offered for
subscription to present stockholders at $11 a share at the rate of 12
Licenses Brazilian Fjirm—
*
I'y^Vv
a
dividend
standing
common
tion expects; to/adjust its
prices^^accordingly, be said.---Y, J-63, p. 3417»
General Electric Co.—Faced
With Silver Shortage-*-*;
Already severely hampered by steel. and coppfer shortages, this
is faced by a desperate situation as a result of the scarcity
of silver, it was reported at Schenectady, N. Y.
'
;
According to H. L. Erlicher, Vice-President In charge of purchasing,
the lack of silver is threatening the output of many G-E products
at a time when consumer demand is at its peak.// /
company
G-E
Mr.
alone
Erlicher,
conductor
of
5,000,000 ounces of silver a year, according to
pointed out. that the precious metal, an excellent
electricity, is. used in many; electric products.
consumes
who
THE COMMERCIAL & FINANCIAL CHRONICLE
278
He stated that industry has -been unable to buy "Silver sine®
expiration of the Green Act on Dec. 31, 1945.
The Green Act
explained, authorized purchases by industries from "the Treasury
partment's stock of idle and unneeded silver.
/ ,
v?
Mr.
Erlicher said his
before
.that
the
all
—V,
163,
of
Green Act. and that,
and a conservative program
.
Output Lower—
General Motors Corp.—Weekly
c.
i
has been in
3284.
p.
i.
now become -cnticai.
situation nas
the
year,
■:
long. Fourth of July week-end and continuing material bottle¬
a sharp
deolinc in the production of passenger cars dure
The
necks caused
of 1941,^GM
In the Fourth of July
week.
produced 35,773 passenger cars.
.
■
,,
*, *
/
'
-.
June 29, '46
July 6, 1946
Truck
9,062
Pontiac
■
2,584
30,056/
—.——
1,707
——
:
"•
—-—
2,118
GMC Truck & Coach—Trucks.
-3,640
—~
'
——--"#•£
ZZ
816
*—
.
■
15,717
279,008 -
June
two quarterly dividends of 25
no par "value, payable Aug. 15 and
Aug, 2 and Nov. 2, respectively. .Pre¬
viously, the compcny paid 20 .cents per share each quarter.
•
■? Regular
quarterly dividends of 25 oents each on the $1 preferred
stock, ho par value,; and .on the $1 convertible second preferred stpek,
no
par value, were' also declared, both payable Oct. 1 to holders-;of
record Sept. 17.—V. 162, p. 2817.
;
:
;
j
on
on
25
*
declared
the common, stock,
to'holders, of
record
"
-
•'
.
'
.
i
;
Genreal Phoenix Corp.—Partial Redemption—
.
called for redemption on "AUg. 9, next, through
sinking, fund, $19,000 Of 12-year 4 % convertible
subordinated
debentures
due
July
1,
1957,
at
102'/2
and interest.
Payment will be made at The Commercial National Bank & Trust Co.
.©f New .yotk, trustee, 46 Wall Street, New -York,, N. Y.
-Debentures xalled for redemption are convertible irito class A com¬
mon stock, par value $5 per share, up to the close
of,business on
.Jdly -30, 1946; : Accrued and- unpaid interest on. the debentures con¬
verted will be paid up to the date of -conversion.
i •;> v;
«
The
company has
operation
.
?
of
>v
See Domestic Industries Inc., above.—V.
6%
General Public Utilities
-
.4. -
«
: y
-
Net
months
of
1
'
,
,
-
„
//;
.
each
10
s
)
,
of
sales
the
TOT" 1945
company
and
the
The
Co.,
shares
(For further details as to purpose of is¬
sue, capitalization, list of underwriters, etc., see V. 163,
p. 3284, V. 163, p. 3417.
to purchase the number of shares of
opposite such underwriter's name::
agreed
.set
01
No. of Shs. f
Glore, Forgan & Co—_— 30,000
W. L. Lyons & Co—.
24,000
The Ffrst Boston .Corp.—
8,000
E.
White,
■
below
Class
Weld &
The
Illinois
Loewi-&
M.
Adams
Co
&
.at
Barret, Fitch & Co., Inc.—
5,000
First
5,000
First; of
Hayden,
5,000
&
Stone
&
Inc.—
Co.——
Hemphill, Noyes & Co
-
Shields
.
&
Company
General Waterworks Corp.—Bonds Placed Privately^Robert Hawkins ,& Co., Inc,,Boston^ on June 20 an¬
'•
'
-
Sales,-less
Cost
:
;
disc.,
Of
3
Co
Mos".'End.
1 1944
9,866,229 .21,019,395
Income
$1,947,766
from
oper.
revenue
Ry.
oper.
expenses
bottling
Other
$182,115
$965,615
174,698
163,039
883,986
$19,076
$1,947,766
—
gen. exps.
760,357
.
5,374
4,951
26,870
// :Act, 1937»—
Federal
deductions
of
,
for
Prov.
$131,165
—v
3,573
3,205
for
.Services
156,956
7
V
f
,;J
,,
18,039
14.258
•
taxes
$5,205,572
2;584,2I2
15,463
$2,433,906
46,440
$2,621,360
4,848
55,021
38,540
2,025
2,009
10,047
10,033
♦$22,146
$1,105
♦$44,811
1,240
6,106
$2,345
*$38,705
1,101
1,201
'Goiaen
$4,041,870
from
.♦$20,945
income-
39,716
.
38,706
$2,661,076
$2,480,346
126,568
1,604,805
>:•
inc.
"
"'88,923 :
1,840,526
contingencies
income
$713,960
•'•
.
■
■
>200,000
163,768
$531,626
'• ~:JL,
$748,974
K
$2,206,619
" :43M1
1,268,402
$730,607
.
311
Burp." applied to Int..
New
& -b,
Si':
!
4.
191
♦$21,256
$27,820
5,486
+
$33,306
$2,154
*$39,806
$32,304
in
"railway
operating revenue" was due to
employees and embargoes incident
train service
thereto.'
The
increase
material
in
and
to
_
The
and
75
cording
In
the
to
James "Gerity,
first
half
of
the
the
$5
any
corporate
proper
construction
of
has entered
to Dec.
additions
to
to
credited
the
a
new
of the. company and
win
into
a
purposes/
piant
letter
in
with
agreement
Ebasco
&
Macaroni
Corp.,
and
Grdcery
31,..last,
plants,.ac¬
cents
15
a
share
this
paid
the
the Adrian
company
plant
and
Products
Sales
Co.
Authorized
stock
(par 25c) — -v.—375,000 shs.,
6% bonds due Dec. 1, 1953—
$1,119,000
Outstanding"
- 281,976 shs.
$646,200
1946, stockholders approved
officers' and employees' stock purchase plan which provides for the
total at^/not exceeding 45,000 ehares of
the unissued or reacquired capital stock to salaried officers (excluding
Edgar W. Garbisch, now president) and other key employees (not ex¬
ceeding
in
25
number
at
a-
one time eligible to participate)
to be
the board of directors.—V. 163, p. 3285. '
any
Gulf states Utilities Co.—Earnings—
I.
on
preferred stock, /both;/ payable Sept, 18
13;
The : common dividend compares with
June 15, and. 50- cents a share' paid tm
Maintenance
.
_
The National City Bank of New York has been
appointed registrar
163, p. >1727.-
-
$1,287,509
473.664
revenues
-
—-
73,217
taxes
;
.
"Federal income taxes-
'
89,177
1,020,163
133,333
-
Depreciation
-——Amort., of plant acqui.sitiott ?ad)U6triaeritSk-u
Other
?
1946-42 MPs.—-1945
$1,468,560 $17,410,633 $17,908,207
572,899
6,433,545
-6,271,211
1946--Month—1945
PeriodEnd, Mar. 31—r
Operating
Operation
'
year.
128,600
1,559,706
18,150:
145,202
'
107,838
-
1
195,809
^,221,810
16,151
171,182
109,812 /1,299,082
909,052
;
1,526,064
;
.193,810
2,608,894
1,297,017
Grand TJnion Co.—Current Sales Increased 46%—
Period End.^June 29—
Bftles
■;
1946—4 Wks.—1945
————i-.
163,
p.
$5,876,111
; "1946—17 Wks.—1945
:
v
v
Net
'
■
_
/,
u/v?.,;
,
$380,738
2,751
$4,680,510
.'.$332,449
$377,987'
Z -7*7,182
$4,606,174
17,747,
926,397
.1,083,852
$254,702/'
$300,804
$3,679,777
$4,001,443
dh'tderid" requirements———• .528,000
575,158
revenues—
-Balance
.
?
'
'Int. and amort—
(W. T.) Grant .Co.r-June Sales Increased 13.22%—
$5,102,159
74,336/ '
16,864
$336,104
3,655
oper.
Other income (net loss) /
$4,025,225 $23,370,613 $16,015,058
3285:
$5/085,295
"
Period End. June 3(H-:
•
r
Store
engaged
selected hy a committee of
convertible
■;
Detroit and. Adrian,.'Mich.,Jr.,,'Chairman of the board.
fiscal:year
be
such
the general funds
sale from time to/time' ot
V''1-
'
/for the common stock.—V.
year/program of expansion
the
•pent approximately $226,000 lor
:
•
Registrar—
rbie Castiiig:^/Co.^Coinpletfes Rxpan-*
in.both
on
March
ta
has completed its, fiscal
will
amount and accrued interest on 30 dayp
proceeds, estimated at approximately
of
STOCK PURCHASE PLAN—On June 14,
'
.
T
July-8 declared a dividend Of 75 cents per share
the common stock and the regular quarterly dividend of $1.25 per
—V.
company
price
Inc.,
1st riitge.
"
r
improvement
~
fto holders of: record Aug,
.
Gerity^Michlgari
sale
The .directors ©n
on
t
was due to increase in labor
increased number of track ties installed as
compared with the same month last year.
„
:
The increase in "equipment rents" .was due to
stoppages of traffic on
account
of
strikes mentioned
above; also to the coal situation.—
FV164, p. 8.
.
. t
,
.
r, j.
.
sion—
the
capitalization giving effect to -present' financing^
.
Goodyear Tire/Sr Rubber ■Co,/ Akron, O.—Dividends—
"operating expenses"
costs
Director—^
,k
i
1,002
share
NOTES—The decrease
and
for
the
Age
is
Capital
,
fy
,
James C. He'mphilir a' partner of
Goldman,. Sachs & Co., has been
.elected a director.—V. 163, p, 2156.
' '
'
..
•Deficit.
and
of
.
directors have .declared a dividend of 20 cents per share on
capital stock, payable Aug. 1 to holders of-record: July 15."
the
Si
strikes of miners
amount equivalent to the par value (25c
sold will be credited to the .capital stock
in the production, processing, packing and sale of
"food- products, the principal brarids being "Kitchen Bouquet" ■ (a sauce
for flavoring and coloring soups,
stews and gravies), "BinB Mush¬
rooms"
(broiled in butter cultivated mushrooms), "Cream of Rice'*
(a prepared rice breakfast cereal)
and "Foulds," "Gold Medal" and
('Golden Agie'? macaronji; products imacarpni, spaghetti; and? eggf?-noo-dies>.
Prior to the merger into the company on May 1, 1944, of its
wholly owned subsidiary, Grocery Products Manufacturing Corp.,■ •which
produced and sold Kitchen Bouquet, Cream of Rice and mushroom
/ products, the company's activities were restricted, largely.to ithose^ of *
holding company.
Inc)
The
f/
T*
Income
Deducts.
,
'
PROPERTY—Company was incorporated in Delaware
Aug 13, 1935, to acquire certain assets and property of its predecessor,
Grocery Store Products, Inc., pursuant to a plan of reorganization.
Company, directly or through its/ subsidiaries (Foulds Milling Cob, ?
an
Gross
an
principal
remainder
-BUSINESS
,
$2,178,934
27,685
'
GlobeUnlon,lilc.—ToP^y20-Cehtpividend—:
14,408
9,524
income^
income
Non-oper.
stock,
.
oper,
i
for design engineering and construction work on such
If such project is consummated, tne company intends that
the remainer of the proceeds of sale of the stock will be applied to the
cost of such project.
"■
1,862,935
.449,000
—J.
on
r-Vi 163, p. 3135.>
15,609
2,958
Equip, rents (net Dr)__
Jt. facil. rents (net Df)
the
be
;
3,063
of
project.
4gmHm
$5,610,692
.3.176,785
24,755
Act
1938»_
Net ry.
will
Company
-$500,000.
^/"1943*
•
/"■
Unem¬
Ins.
$1,187,408
—
6l;20l,667
Other
Net
i
RR.
ployment
profit
income
$949,949
>818,784
$81,629
accl8,T*-T«gular
Federal
RR.
Taxing
.
•;
or
Company fs con¬
California, for the
•manufacture of two of its present products, ""Kitchen BouquCt" and
"Cream of Rice." It Is presently estimated that such plant will have
approximately 50,000 to 60,000 square feet of floor-area and, together
with the land and complete-equipment, will cost-between $400,000 and
1946—5 Mos.—1945
$176,112
tax
Co.,
.
proceeds
will be added to
templating
12,500,034
.
profit
Operating
Ry.)
$1,414
Ry.
each
Trust
.
Total
from ry. op.
rev.
their
at
The
available
•be
$4,041,870
$5,,610,691
t
Prov.
Net
for
exercisable
expenses
callable
;..<• Georgia & Florida RR.—Earnings—
Ry.
stock
were
Midland
account, against which account also will be Obarged
in connection with the financing. ~"'"'*•>';•>,.•
Such proceeds, to the extent riot represented by bonds surrendered,
will be first applied by the company, to the redemption of the com¬
pany's first mortgage .6% bonds due Dee. 1, 1953, Which on March 31,
"1946, were outstanding in the principal amount of $646,200 and are "
V
others
Sell., adm., &
Northern
such
of
$411,239
$5,048,615
Marine
20, at $16.75
for subscription
surplus
capital
*
for
.and certain subsidiaries.—V. 161, p. 2444.
1946—Month—,1945
sale
notice.
-21/743,619
agent,
rrv-t:
June
record
...
nounced the; private placement of $5,200,000 3Vi.% cotlateral trust series A'bonds; due Jail. 1, 1971. Proceeds
were used to refund outstanding debt of jthe
corporation
(Including Statesboro
of
etc— $11,813,996 $36,630,087 $26,792,235 $16,541,935
profit
subscription
per share) of the shares
-account,
and the balance
*—Calendar Years—
1945
-
of
stock
to be received by' the company from the
approximately $1,057,439 (Including bonds
surrendered in payment for the stock)
after deducting $32,500 esti¬
mated expenses in connection with the financing.
In connection with
uj
,
capital
to be made by him on-or before the close
day following-the expiration of the warrants.
stock
the
sale
%000
Inc.i
of
.
PURPOSE—The
2,000
Co.,
the
of
fifth business
2,000
FOR STATED. PERIODS
Mar; 31,'46
.
&
^
t
therefor
payment
2,000
Yantis.Ac
>
sv r
by surrender
of first mortgage 6% bonds due Dec. 1, 1953 of the company at their
principal amount, or partly in cash and partly by such surrender
'of bonds.
Edgar W. Garbisch, President and director, has entered
into an- agreement with the company for the "purchase by him and
the' sale
by the company to him of any shares of the stock now
offered which are not subscribed for by other stockholders, at the
same price
at which such shares are offered >to other stockholders,
2,000
Simon
stockholders
to
;The subscription price may be paid either in cash
2,000
i
'
INCOME
sales-
Gross
M.
;F, .8,
'
/
(par 25c)
a
share of such additional
Warrants expired July 10.
The warrant
.the office
.New York.
the
Corp'.^_
4,000
OF
—
•
'
-
-L
5,000
STATEMENT
the
at
12
Northwest" Co-c-^.;
Pacific
4,000;
.
Maynard H. Murch & Co.l
Michigan
offered
65,071 shares
rate ox 3/10 of
2,000
Co..
.Lester &_Co—
5,000 <
•t-Kebbon, McCormicK & Co._
California
272,924
3 filed * registration, statementr-for,350,000
stock.„ Underwriters, R. H. Johnson & Co^
common
company
share held.
2,000
8,000.
Co.
Becker
G.
par)
share,
per
Company.—.-3;oeO
I 3,000'
Eastman, Dillon & Co
,
Period End. May 31—
The
.
Co._.___—
Co.—.—
.A.
424,257
-
'
124,347
Grocery Store Products Co.—Stock Offered^-'?
.
No. of Shs.
,
322,624
-
47,131
•
J
.
.
.
240,875
3135.
p.
■
severally
Common - Stock
..
1,130,445^ ^1863582^tit06;70S
*21,833
corporation has petitioned the' InterSfcate Coninierce '(iomitnfe" '*
authority/to use $440,400 to purchase' 2,400 shares of com*
of Western
Canadian Greyhound Lines at .$183.50 per
;share.
'•?'■>■■'-1 wrr-y' r.w'a,
■> '?*;Z'1'1*? -F1."
The purchase would
give the Greyhound Corp; ownership Of all
the outstanding stcok of the subsidiary.—V.
163, p. 3285.
have
B
64,853
stock
the
named
1,086,905
156,053
for production equipment now being acquired by the com¬
Company was incorporated April ,16, 1946, and expects to start
cmon ;
wholly owned subsidiary, "Daviess"COUnty SEave
corporation, is engaged in the operation of certain
underwriters
'
'sion' for
©f the. company's stave mills.
UNDERWRITERS—The
94,856
*11,818
The
■
owns 79%
of the capital stock of Distillers Ware¬
Missouri corporation which is in process: of liquidation.
company's
income-^
1943
$237,847
32,424
Greyhound Corp.—To Buy Units Stock-^-
>
..
of the capital stock of its subsidiary,
a Delaware corporation, which is engaged principally
Kentucky
a
($1
pany.
Company
a
1944
$241,625
to pay
and
three
distilling and selling its current distillation bulk whiskey under
contracts to pertain distributor?.
-
1945
$212,919
19,490
♦17,464
/voluihyprpductipn; of /prefabricated shousea this months
81.5%
owns
,
RR.-—Earnings1,372
©per.
<
{
,
railway——
'
March
company
'
-
Bhflitaflaw/Bplg^
/Chicago;?:; ^Offering; pric«t
f$3,5ft:>«v share, / Net; vproepeda >will/be -used? partly for. working/capital
business
;a
by
with
connected
$176,712
The oompanyr on. July
1,000,000;
20,000 shs. '■m 18,218 sh$.
100,000 shs. i'i;0?S9O^5O2shs;
1,000,000 shs.
*940,758 shs.
,
ry.
shares
months
Offered—Smith,
share for
;. •:
.
Corp.—Weekly Output—
such
.
8673,000
expenses
ters With SEC— ..'V■'
3,500,000
par)
par).
-
dollar
Yellowstone, Inc.,
The
the
on
the
Greens Ready Built Homes Incv Rockford, Rl.—Regis-
-
31, 1946 (excluding Federal withdrawal taxes),
divided
approximately as follows,:' cased" whiskey, 80.4%
and
93.4%, respectively; government alcohol., 17.1% 'and none, respectively;
and
bulk
whiskey and miscellaneous, including barrels, 2.5%
and
6.6%, respectively.
'
r '.
Barney & Co. on June 28 offered 23,676 shares of com¬
stock {par $1) at $40 per share..- These shares are
the unsubscribed portion of 64,030 shares offered
by the
company at $40 per share to the holders of its common
ratio
'*
1,840,000
bo
IV*
pay
note held
railway^*.,.
♦Deficit,—V. 163,
'
.
underwritten.
Gross; »rom railway^ii^.
Net from railway-——
Net ry. oper. income..
were
mon
the
1,840,000
will
common
preferred and
From Jan. 1—
Outstanding)
$2,160,000
of
price, /
Proceeds will be used >to
1946
from
•Net
working
PRESENT FINANCING
BUSINESS—Company is the outgrowth of
ended
-
The electric output of this corporation for the week ended July 5,
1946, amounted to 109,246,056 kwh., an increase of 1,615,093 kwh.,
©r 1.5%,
over the corresponding week qf 1945.—V. 164, p. 8.
in
z
par)__
($1
/
/
process.
corporation for the week ended June 28,
.1946, amounted to 122,983,875 kwh., an increase of 1,089,159 kwh., or
0.9%, over the corresponding week of 1945.
*
,held by .them.
Net
.allits/-assets -to the Delawftte porporetlon in 'exchange for All^df Its
-then -authorized stock.
^
r
,
>
;
The company is generally engaged directly or through subsidiaries,
'.in the distilling, blending, rectifying, warehousing, bottling,. buying,
"selling, importing and exporting of beverage spirits. The principal busi¬
ness of the company and its subsidiaries is the production and sale
Qf various types of domestic whiskeys.
In addition, the company has
recently been producing white oak staves for -use in whiskey cooperage.
Substantial quantities of distillers dried grains and other by-products
used
for
cattle
and
poultry feed are produced in .the distillation
The
share
one
•
without the
Offering
in that State and for surplus and working
capital.
company
not
.Gross /from
/•
$2,160,000
is
Green Bay & Western
was originally established
in about 1875 as a partnership, James
Thompson and Brother.
Glenraore,Distilleries Co. -(Del.)- was organ¬
ized on Oct. 13, 1943, to succeed Glenmore Distilleries Co; (Ky.); or>.ganized -in 1901. On Dec. 31, 1943, the Kentucky corporation; conveyed
163, p. 2852.
General Shoe Corp,—Common Stock
($1
stock
com.
'shares.
this
The electric output of
($50
cum.
stock
00m.
house, Inc;,
stock
'EFFECT'TO
due semi-apnual.
2^/2% -notes, due Dec. 31,1950
B
in
Merger Plan Abandoned—
v
'o
SEC
'
May—•
^fBudiu4es:'' 150,000 shares now 'Cffered cf /whichf23i760«are, hteW lln
the'treasury and 126,240 will be issued .put of authorized but unissued
the
units consisting, of
principal and accrued interest
insurance
•Issue
that
..
directors
additional
purposes.
note, due semi-annual.;
HISTORY &
:■
-
15
for
used
'
•
cents each
C.
stock,
A
147.SS#?://•.
group,-of
the securities.
unit. The
preferred
and
per
the
Inc., and.Stroud & Co.",
public offering,
a
-selling
$1,000
with
The company on July 5 filed a letter of notification
with the SEC
shares ($1 par) capital stock to be
publicly offered at $2 a
share.?'? Proceeds will be used to make required
deposit with Insurance
Commissioner of Colorado to secure a license to do business
as
a
life
'
14,*
25,703
•
B, 3V4%
Class
.
,7
1,692
Genera:! Faint Corp.—Dividend Hate Increased—
The
and general corporate
Class
5,463
i:,:
80
-
Pfd.
7.443
,
:
1,001
S. and Canada-
—V. 164, p:
••
,
61
Total U.
^9,539/
;
644
Coaches
GM of Canada
Nov.
and
company
CAPITALIZATION GIVING
Series
'
Buick-
•
the
Authorized
24,338 «
1,837
1,425
Oldsmobile
Cadillac
1
funds of
Series A, 2Vs% notes,
Series
a
statement
debentures, 33,000-shares 6% cumuand $68,000 shares (50c par) common
for 42,850
proposes to make application to list its Class B
stock on feithev the New York Curb Exchange: or the Chicago
general
;
82,513 *
'
-
"
84,132.
5,553
fund
Great Eastern Mutual Life Insurance
Co., of Denver,
Colo.—Files With SEC—
TRANSFER
capital
July 6, *46
4.512
———4;077
Chevrolet—Passenger
balanc of
^
Jan.-l to
Week Ended
Week Ended
'
Harrisburg-lRegisters
the issue.
goffered to certain employees and, officers of the company.
the
of
debentures,
AGENT/Citizens Fidelity Bank andTrust Co., Bouiaville,
JKy. 'Registrar—Louisvaie Trust Co.. Ppuisville,-Ky',
■
• ]
; ■
: :
PURPOSE—Net//proceeds /tfcstitoated $2,312,165) will be placed in
,
divisions:
Inc.,
registration
^hares of Oommon-at $12..pj2r; unit.
are
'!
.common
tabulation of production figures for car and truck
1
;
,
^
.
is a
Following
sinking
a
underwriters propose to make
jPUb-i.cly sold in
.
..
filed
8
RollinsSons,
The
intervention
fering was made June 25 by a nation-wide banking
syndicate headed by Glore, Forgan & Co,^ of a new issue
sof 125,000' shares of/class B ($1 par) ; noii^voting comrf:
mon stock.
Offering to the Public was made at $18 per
•share.
The remaining 25,000 shares Pf stock included
in'the 159,000 shares registered with the SECT are being
.
July
on
4% %
$350,000
Inc.
^/XISTmG-r-Coinpany
decline in the number of supplier strikes affecting
GM car and truck production, with 34 such strikes being settled last
week while 9 new supplier strikes were reported.
The total net strikers
affecting GM production last week were 58 as compafed with 83 Tor
the previous week.
(
^
company
lative preferred stocks ($10 par)
stock.
Underwriters, E. H.
Glermore Distilleries Co.—Stock Offered—Public oi>
.
Therfewas a eharp
-
H.),
Fidelity-Philade.phia Trust Co., and fees and
capacities
n
passenger .car
1941,
■
for
•
.
L
^
.
The
being taxed right now,- even/with: tht. added
equipment, which probably is one reflection of the speed with which
production generally is picking up,"—V, 163, p. 2438,. v
v . <
-'
1
/V '
^
"
y
.
t
\ y.
(,J.
y
*,
*, * Y "
' Z
"Our
production In theUnited States for this year
by GM is 175,508 as compared with the 1,242,252 passenger cars pro¬
duced in the same period of 1941.
V
i
Assembly lines of the Cadillac Motor Division were down in the
July 6 week for inventory and also to permit the building up of
-depleted parts bank.
Car assembly was resumed July 10 by Cadillac,Truck production for the July 6 week also fell off,' with 4,954 units
being produced as compared with the - 6,244 units produced - in \ the '
week previous. Total truck production for the year to date Is 88,716,
compared with the 234,245 trucks produced in the same period «©f
Total
:
.facilities.
ing the week ended July 6 In the United States by this corporation/_ >
v
A total of only 9,762 passenger cars was produced last week by. the
five car
manufacturing divisions of GM
as compared
with 17,767
produced the previous
(Robert
chinery
in December
desp'te the• far,
the
reclaimed,
is
early .this
Graupner
/
recent
had last purchased silver
company
expiration
scrap
since
effect
"purchase of hew eqUlpMettt."'lt 'was announced at the time" of the
financing that plans called for*, an additional $110,000 in. ma¬
and equipment during the last half of the year, which ended
/(June 30.-, Mr. Gerity fitated. -that .ithe appropr'ated ; funds :;;not '©hly
had been invested but the equipment was in place and running early
.ini June; with the result;®(;hat/facilities for iinetal-plating had been
greatly enlarged.
; (At the: Detroit ipldnt the-ipriupipaJ-Addition .'ia 1946.'»waa 'the putchase of aproximately $50,000 in facilities used by the Navy during
the war.
Other government machinery and equipment 'has been re■moved, it was Stated.: "It -was esseritial," Mr. Gerity* said, "that
/facilities in all departments be ■ increased' as rapidly'as possible lri
.order to meet the demands from industry for die casting and plating
■""the
-the"
he
De¬
Monday, July 15, 1940!
Bales
-
•1946^Month-t'1945'
.
:
>1946-^-6'Mos.-^-l945;
$17,668f217; $15,605,028 $93,'039,319 $60,719,^11
.L—.i—,
163, p. 3285.
■
v
r
^
;
'
Net
income————
'"Preferred
,
^olutae
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4507
164"
Gulf Mobile & Ohio RR.—Equipment
Trusts Offered—
& Co., Inc., oil
July 1 offered $2,000,000 series A 2% equipment trust
^certificates; The certificates were priced to yield from
0.95% to 2.05%, according to maturity. The certificates
are issued under the Philadelphia Plan.
t
Salomon
&
Bros.
Hutzler- and
i
dated
are
added
be
to. the .company's
estimated. >t. $6,395,044,
.are
general
ivailahe" for general corporate • purposes.
.Ahy. 'specific 'allocation'of 'such -funds; be
funas
and
Company
which
has
not
•
will
The company
haS'outstanding 96,000 class A shares
which there are accumulated dividends of around
$82
outstanding 160,000 shares of common stock.
•
made
j- »*•' •"
:
-
'.-itBond
1 ;•
EFFECT
TO
&, mtg/■•■■due
/..
^
v
^
PRESENT TENANCY
•'
Authorized.
Deo. 28,' 1955 $11,000,000
Nov. JL, 1958___—
6,800,000
• ■:
Outstanding
$11,000,00-
:
,
According
.receive "in
-
w
Predecessor hotes
1
•lOther 'Secured lorig-%erin: debt-i
'
plan,
each share
of
class
par,
A
on
There
stock
would
$82 In par value of bonds, debentures and
addition, they would receive conversion privileges
some
In
option warrants to purchase new common.
This, according to
McCune, would give the class A stockholders prior
privilege of
recapturing $147. ($65 voluntary reorganization value
per share, plus.
•$82 of accumulated dividends)
per share.
,
,
,
^
Under
1,564,806
the
common
,
■^••XJnstecurefd long-term4 debt
" 929,315
888,065
^
first; preferred stock <$lQ0
;100,000 shs. ,/. ; None ? •
convert.:pref. 8tocks ($50 par)^™
400,000«hs.
>.
255,104 shst
qbmmoh stock, ($5 pai).
4,000,000 shs.
1,545,285 shs,
Wash.—Registers
McCune
$10
share.
Mr.
§714,008
-
2,110,000 '
the
and
•
6,260,613
ilEfrst..vmortgaged-4.^ //.sinking<v ■*■ '.'/Y'-Vv
*.;"?*« Y
fehondSVidUe 'Aprff IV l960:--™--JJ-_
4,500,0Q0
4,363,650
;v
to
exchange
preferred stocks.
.
r
of
a
also are
J
"•
-
279
,
/CAPITALIZATION GIVING
•
July <1,
Harbor Plywood Cbrp.^ Of IIoquiam,
will
which
Stroud
1946, and/mature $67,000 semi)*
sannually Jan. 1, 1947 to .Jan. 1, 1961, and $57,000 on July 1, *1961-."
The issue was awarded June 28 on a bid of 100.567.
Hal'sey/ Stuart
Co. Inc. submitted the-only other bid of 100.269 for 2s.—V. 164, p. 8,.
The certificates
V
ployeesy-bf ^ommoh4 stock ;now offered
.
McCune
stock,
the holder
shares of
of
plan, common stockholders would receive new
share for share basis, and also warrants
entitling'
share to buy a new share of common for each
2V*
on
a
each
common
now
held.—V. 162, p. 3418.
1
,
.
v
The company on June 21 filed a registration statement with, the
for 131,235 shares of ccipmon stock (no par), ^ Underwriters,,
^California
106,234 %
Co.
receive entite
are
authorized
■
^Metropolitan
_
r*Secured'by;first mortgage 0h-P4lmer House properties,
unissued
but
will be
added
and
:
being
are
sold
the
by
•
bf
.,
Hoffman Radio Corp.—Has
Larger Sales-^-
c
Period' Ehded June 30, 1946—
pn
company.
working'capital.—V. 162, p'. 3073.
to
fsecured
first mortgage on The Plaza Hotel
property.' tSecured by first mortgage
.Stevens Hotel property.
§Consist. of the following obligations" of
certain of, the
consolidating corporations which, upon the consolida*
vtiOh, b'ecamfe obligations of the company: -4% notes of Palmer
House
Co., due Dec., 19, 1969, aggregating $193,554. Notes of
Dayton Biltmore
Hotel >Cof due AprilM<,
-1951V aggregating
Industries
Co. own?
the shares which- ate* issued ttnd outstanding, dnd wiH(
proceeds from their saje.
The remaining 25,000 »/2 shares /:
of
Proceeds
^associates;
"and'
.
,
SEC
First
£ales
L.
Hoffman,
fast'half
for
of
1946
Machine Co., Cordele, Ga,
r\ Harris Foundry &
^Offered—Kirchofer & Arnold
June
on
Stock;,
—
17 offered 6,000
.
accrued, interest
»
io win gi terns:
shares of 5% cumulative preferred stock at par ($50) per
share.
secured
£:tf:v'• %; ■'WM§h^8r.8
.
/
HISTORY—Company was incorporated .in Georgia April 24, 1946.
Company is the outgrowth of a business formed in 1889, the original
being known as the Tomlin-Harris Machine Co., a partnership,
likewise located at Cordele, Ga.
'
*
.'
..'
"
activities
had
and
„
certain
manufacture
to
s
.
farm, implements- inasmuch
it
as
harrows.
The
original
ment
a total amount of $343,044,
addition, a contract for the delivery of 500 harrows of a slightly
different type is being negotiated.- This contract and the possibility
©f-expanded production in this field has resulted in the building of a
modern forging plant, where harrows will be. initially mqnulactured:
This plant will occupy-26,600 square feet of floor space.
"
capitalization
giving
effect
the
to
•>>*%--v.
5%
"■
"
'
'
'
'
'
t.
cumulative pfd. stock ($50 par) Jstock ($5 par)_j.__l—_——1
».,'»<
v
•
-■
OPTIONS—In
'
*
.
•
•
connection
»
•
V
y x
the
with
' 7*
'
I'
"•**• 1-j,
-Vv.lv.-Vv
j
.a
.v
a-*4.
cor
4.^.
Other
Ending
Sales
$218,153
1 operating
income
House
6-30-41
125,484
12-31-41
..
.
500,591
552,191
-
12-31-43
12-31-44
/
-
:
«
78,035
2,006,557
h
2,823,749
Gross
45,702
-
'
46,093
;v"';
The
350,556'
def39,771
and
improvements
V /•
t—
Registers With
\
($l.par)
a
common
pany
will use its proceeds to pay
stores and to expand merchandise in
the
costs
of
opening
additional
Provision
At a regular meeting of the directors held June
18, a special divi¬
dend of 50 tents per share was declared payable
July 26 to holders ofrecord July 16.
This is in addition to the usual monthly dividend
for
Federal
-
declared at the April meeting.—V. :i61,
p, 208.
of
Offered—Blyth & Co,, Inc.;
July 2 offered 350,000 shares, of comstock- ($5 prar) at $17,50 per share.
on
Stock
Offered—Blyth & Co., Inc.,
$8,856,433
Spfdf er^nca >tock ia heihg sold by C. N» Hilton
financing, v "■■-r'v-'V:
for
in
$5,577,854
4,328,974
and - does-
Offering to Employees—In addition the company is
offering 50,000 additional common shares to employees
hi
:
common
t
'
/
*
down
a
the
$2,256,108:
»'
key
to
offering
(1)
and
to
was
organized
In
Delaware-
over
of
common
stock,.
May 29,- 4946,
No. of
v
'
,
.
.
-
Hotel,
^
Hotel, Dayton, O.
Angeles, Cal.
Hilton Hotel, Long Beach,
Cal..
♦Hilton Hotel,'EF Paso,. TexaS
Hilton Hotel,. JL^ibbock, Texas
♦Hilton'Hotel, Albuquerque; N» Mexico
♦Company acquired leasehold interests
'PURPOSE—The
chares
-
/<
2,700
'V"'.V
50,000
Kebbon,
24,000
^
A.
.24,000
1
Allen
&
24,000.
«
&
Inc:
Co.,
McCormick- &' Co.
W.
Hutton
E.
Carl
M.
price
filed
Is
$25
amend^
by
•<4
^
^
v
v
'
^
m
,?
>>
(
*
ru,
Mining
Co., Wallace, Ida.—
E.
H.
Hvi
5,000
5,000
Southwest
Brownell
:
v;,,/..,•
170
>
la these hotels.
Co.____
Lester & Co. V___Jl______
;.As
emu*
and
5,000
to
banks
of
approximately
bank Indebtedness,
Co., Inc.L
Pierce
"Whiting, Weeks
Co
&
& StubbsV
•'
.
subsidiary,
were
Pancoast
7,000
-
y
Moroney, Beissner & Co._4
'v:
the
and
industrial
supplies.
That
Tet,
service*
business
sale
of seamless
steel, lap-welded pipe,
drilling and pumping machinery and.
controlling equipment and other appli-;
materials
used
in
and
had
company
.
.
*
Outstanding ;
12,500 she.
282,036 sha^
outstanding' notes ' payable'
of $1,328,080.
It Is contemplated that the
$922,000 will be applied to the reduction of
sum
»
sum
such
<
t
of Arizona
Barite Co., the company's
wholly owned
by debentures in the principal sum of
$200,000*
of July 11, 1945, of which amount
$15,000 was retired
evidenced
issued
as
on
Nebr L .3946^leaving.$185,000'now
outstanding.
PURPOSE*—The purpose of the issue of the common
4,000,
V
.
.
in
The indebtedness
5,000
4,000
Dewar, Robertson &
7,000
related
pressure
of. Reb. 28* 1946, the
5,000
Rauscher,
of
tubular goods,
fittings,
supplies
Vank of'Dallas/
Is engaged in the oil well supply and
sale
purchase
other
5,0005,000
Co.-of Calif,
offered is to
^
augment the
UNDERWRITERS-^The
stock how
the company,
t
general working capital of
of
names
the respective amounts underwritten
special meeting held June 28 recommended that;
capital stock be changed from 600,000 shares of $25
par
value to 3,000,000 shares of $5. par value and that the new;
capital stock be distributed on the basis of five shares ®f the $5 par:
the
are
principal
as
underwriters
and
follows:
a
Percentage
Dallas Rupe & Son_a_-.<__- -10.75% Rauscher, Fierce & Co.,
.
Dittmar '&
will be called to vote upon
recommendations.-r-V. 163, p. 3285.
a
Company
:
v
Dallas Union Trust
Co.^
6.50
.Crestoa/H. Nunk__i___4^
Moroney, Beissner •& Co.
Milton R. Underwood
6.50
»
Gordon Meeks & Co._
—Vi
163,
p.
*
>"
6.50
>
,
Co.'
6.50
;
Rotan, Mosle. & Moreland
„
plan to effect the foregoing
•:-.<>
PercentagOi
Fridley & Hess—8.00 U1
,
10.75
Fittman to Cbmpany^* , 10.75
Dewar, Robertson &
Pancoast —10.75
existence, perpetual.
'
•
Inc..:-^,-.^—'—•-10.75'
capital stock for each one share of the $25 par value capital
held and that the corporation's charter, be. amended to make/
stockholders
10.75
.i-
1.50
,?
•
2727.
"
Hiram Walker^Gooderliam & / Worts; Ltd.—Calls Stocfc
All
of
the
outstanding
shares
dividend
called
for
A
all
tioned in
-*
*
plah of v recapitaliz^ion: presented / to the libai^ 'bf dirtdtors- by
C.
members
McCune,
of
the
a
director,
board
has
except
Mr. McCune and Mr. Danser
been
Mr.
McCune
were
rejected
elected to
and
as
Joseph L.
inequitable
Harold
the board at
W.
by
Danser.
the
annual
.
had
!
should
come
within
the
following framework:
,
—
should
continue the existing ownership and control
by the class
A Stockholders until all their claims have been
satisfied,"/ 1
It should not burden the
.company with too many carrying charges
which
could
prove
ruinous
to
the
company
because
of
the
cyclical
cor¬
,
material and
the
manufacture
of
molds
the-- granting^ of' licenses: under; the
summary
used
in
company's
connection
inventions
therewith;
for which
basis for
AND
of
the
other
companies*:
EARNINGS
earnings
of
.
•*
,,H
,
i
;
",
(Combined)—The following cohsolidated/
the company which cover the combined
earnings of the Hungerford Research Corp. and the Hungerford Plasties
the latter, since its incorporation in February, 1946), .
Corp*.' (its "to
has been prepared
for the period from Julv 9, 1942, to March 31, 194i>
inclusive, from the company's accounting records on file in tue office.;
board
»
Jersey
The principal business of the company at the present time is th»
production "of plastic products, including the compounding of molding
'.SALES
the cl&ss A" stockholders-have been'
fully met for accrued divi¬
dends and the voluntary•
redemption price pf their stock." At present"
this-'would total' $147 a 'share/'^
*;
It should be as simple and
inexpensive to effectuate as possible.
*
,
New
a
Corp.
i
contract
company's business.
meeting, stated Mr; Auer, a majority of the board indicated that the McCune plan did not in any respect meet the require¬
ments outlined.
'
(- *
Research
applications for letters patent are pending, covering the processing o/f
plastic materials and equipment therefor, and research and develop¬
ment, primarily In the fields of thermo-plastics and powder metal, on a.
should
the
la
•
President, in a letter to stockholders accompanying
McCune--plan, explaining reasons for the rejection Uf
majority of the board, said the management felt that-
equitable plan
corporation
a
merger on June 3, 1946, of the Hunger(Del.), into Hungerford Plastics Corp. (N. JJ.
The latter corporation was organized in
February, i946.' Th6 Hunger**/
ford Research Corp. was organized
July 8, 194r2, in Delaware, under
the. name, of Aircraft .Parts Corp.This name was changed Aug. .6,
1942/ to Aircraft Parts Development Corp., and to Hungerford Research..
Corp., Sapt. 4, 1945.
.
ford
Auer,
cqpy of the
the plan by a
a
telsTp'RY AND !BUSlNEBS-r-The
poration which resulted from
meeting last April to represent the common'stockholders.
They
represented a group in opposition to the present management.
/
Hungerford. Plastics Corp.-r-Stock Offered—As men¬
our issue of July 1 First
Colony Corp. on June:
23 offered 74,000 shares of Common stock
(par 25^) atv
$4 per share," Further details follow:
«
redeemable,
redemption
Canadian .funds; and dividends.—;
(R.) Hoe & Co., Inc.-^r-Plan Rejected—
Thorton
.•
have been
*
^
/
cumulative
of
preference stock, without par value,
6h Aug.. 27/T946^at $20 per. shSi»:er
V/. 163; |>.' 3125.
:'
*: At
from the sale of 400,060
the
and
the
,
claims'of
200 '
Idalww/
:
.
recognize that" the present common stockholders possessonly a residual interest in the earnings or assets of the company,until
295
offering price HP
,,
,r,,.'v"
<
Authorized
5%%, cumulative pfd. stock (par $100)
12,500 shs.
Common stpek '(par $l)l
—300,000 shs.
7,000
authorized
It
/ ,285-
of
in
Pacific Northwest Co.
Sons," Inc. 10.000
at
and
Pacific
&
directors
The
Nudge, Wallace/
K.
...
10,000-
pvhards & Co.
-
stock.
CAPITALIZATION GIVING EFFECT TO PRESENT
FINANCING
5,000
Company.
&
10.000
—V. 164, p. 8.
letter of notification with the SEC
a
common
.
Grant
Rhoades
Baker '&
par)
incidental to the drilling
of oil and gas
wells, including drilling mud and weightmaterials, and the furnishing of fishing and
cutting tool, directional drilHng and sidewall
sampling service.
The fishing and
cutting
tool division offers oil
operators special tools to be used in
reworking
j<vu
an^
rehabilitation of wells damaged In the course of.
drilling or during production, and to recover
and remove tools, pipe,
bits and other materials lost txi
the*wells.
*
'
'
7,000-
First
-
10,000
Rollins
Amott",
(10c
shato.f Underwriter; Richard
valves,
ances,
7,000j
"the Wisconsin 'Company__
Bacon, Whipple &
Co.
&
shares
a
10,000
Co.
Co;
,
Juhe• 24 Hied
on
ahg
_
Hoffman &
10,000
Inc.-
__
&
Loeb,
nature of the
280
(including 50,000 shares being offered by the
eompany to
.
475
'
net proceeds to'the
company
^
Registrar and transfer agent: Republic National
casing
7,000
Goodwin
Graham, Parsons & Co.— 10,000
Hallgarten &..Cp.
cents
consists
7,000
-
10,000
_y____r_
Republic. Co.
1,500,000
tools,
-
i,03S,
i
■
be
and operation
E. Masten <fe Co.. _i4—-
Walston,
Company
10,000
W-eeks & Harden__ 10;000
Central
comp'any
business
re-
Schwabacher-& Gompanyi
Sutro ds 'Co
-
It
-
2,245
-
!*The Dayton Biltmore
The Town House, Los
*"
BUSINESS—Cbtnpany
Inc.,
"period not exceeding four years from
a
Paine, Webber, Jackson &
1
Curtis' v___"_/___~4_:_'____ 24,000
an
Guest Rooms
.
."Stevens Hotel,
Chicago, III.
f JPalmer House, Chicago, HI.
Tlaza Hotel, New* York/
N.;Y.
xviv
'
°r.Upon- completion of- necessary preliminaries, a' speoial meeting''of
acquired from the consoli¬
dating corporations, the respective city im which each is located and
the approximate number of guest rooms in
each hotel, are as follows:1
/
will
13^
offered 100,000
shades of common stock (par $1> at $10.5O<
key employees, excluding'
exceeding 5,000 shares thereof
Roosevelt
^- .*
••;:
Lehman Brothers
the corporate
pursuant to an agreement of consolidation entered into
by The "Plaza
!Hotel Corp., Stevens Hotel Corp., Palmer House Co.
and Dayton Biltmore
iHotel Co. As a result of the consolidation the
company acquired all of
the assets and assumed all of the liabilities of the
consolidating cor¬
porations. In addition, immediately after its formation the
company
acquired all of. the assets of New Mexico-Hilton-Hotel
Co., Inc.; and
Xubbock Hilton Hotel Co., Inc. The assets of these two
corporations we^e
:acquired in exchange for securities of the company and the
assump¬
tion by the company of the liabilities of the
two corporations.
The names and locations of the hotels
•
common
Ffeemah of Mount
Kisco, li. Y.; has / been appointed
Secretary, and Will manage the company's Westchester
County'
office, it, was announced on July 8 by
Henry J. Davenpo*V
per share./
payment.of not less than 20%y with the balance payable
Nidder,. Peabody & Co.
Chicago and Title Guarantee'
Co., New York. Transfer agent for preference stock, Manufac¬
turers Trust Co., New York. Registrar for
preference stock, Marine
Midland .Trust"Co., of New York.
COMPANY-^-Company
the
company will be added to general funds.
$41,200 for redemption of class A stock not
about
use
for
the
Moustoit^ Oiii Ftel(i Material Co.^^^ Inc^Comihoh
Offered—Dallas Rupe & Son and associates on June
certain
(2); not
employees
Goldman, Sachs & Co.
.& Trust
1
^
York—Registers With ~
Proceeds will be used for mine
development.
1/248^36
722;316
UNDERWRti^BRS^'tiie namfes 'of the^.ukdefytritersr ibd-' the' humber
of common shares jto he-purchased
by each are as follpws:
value
hank of CHicago
Registrars for
{
'
(
company,
date of purchase.
stock
f
.
stock First National
And Manufacturers Trust Co., New York.
American National Bank & Trust Co. of
for
3,321,745:
$3^^554 * $2,925,591- $i;008,Q71:
EMPLOYEES—Company has registered ^50,000 shares
quarterly installments
The
*
,<
Y.).
12M»
i
$4,527,458
$3,946,871
564,198
stock ;for
common
the
not represent company
agents for
Price
to
Homestake Silver-Lead
Files With SEC—
788,033.
Hazel-Atlas Glass Co.—Stock Split Planned—
underwriter, offered 24,000 shares of 4%- convertible pre¬
($5Q).per share. The 4% -convertible
Transfer
'
„
/vGUf Angu'st t, the company's hew Westchester
office wiff be opened,:
10O Mamaroneck
Avenue, White Plains, N. Y.—-V. 163, p. 2158.
at the same:
price at which the shares now offered are initially sold to the public.:
The terms of payment for the shares
purchased by employees provide
sole
as
ference stock at par
•(see below).
-
.
.
V',
at
$915,908
directors, of
for offering
.
Hilton Hotels Corp.—Stock
Preferred
3418;
p.
*
1
fituart A.
President:*14
,
'
income
on
Reynolds
mon
W)
-
-v
offering
preferred.
Net proceeds
sistant
3,640,364
-
-
-
& Co„ Inc^ New
for
.The
4,587,985;
$1,480,106
OFFERING TO
,
Blair
and associates
I
.
7,776,396' 1 4,789,821
$8,534,856
1,142,484
profit
Baker,
its existing stores.
Hibbard, Spencer, Bartlett & Co.—Special Dividend—,
•of 15 cents per snare
,
Hotae Title Guaranty Co.—New Official—
(N.
5,725,841
1,028,303: ¥•■ 1,080,036
$2,622,591
Blyth & Co., Inc.-
registration statement for 100,006
Underwriters, Van Alstyne, Noel &
CO., New York, and Johnston, Lemon & Co., Washington, D. C.
The
itock is to be offered to the public at $8 a share.
Company is selling
€0,000 shares- and stockholders are selling 40,000 shares.' "The com¬
June 27 filed
stock.
on
company
shares
'•
•
rather
'
-.lit.';")
••
received in
:
Company will
$8,430,185;
v
.
in.
pro¬
exchanged under its recapitalization plan and about
$150,000 to finance
the newly organized "Non-Fiction
Book Club, Inc."—V.
162, p. 2643.
.
Hartfield Stores, Inc., Los Angeles
sec—' '
*
.
are
,
349,506
.
'•
i.
and
company on June 28 filed h registration statement with the SEC?
20,000 shares of 4'/a% ($25 par) cumulative convertible
preferred "
stock and 33,884 shares
($l<par) common stock.
Underwriters Otis Sf'Co., Cleveland.
Company is selling the preferred shares and stock¬
holders are selling the common shares.
The
gross
profit
taxes
proceeds will be used to pay off the short term
banking accommodation in the amount of $150,000 provided by the
Citizens. & Southern National Bank of Atlanta, Ga., and for additional
^
from
Net profit
PURPOSE—^The
working capital, and the construction of additions
to the plant and plant facilties.—V. 163, p. 3285.
Net
„
324,543
5
172,713
»•*
profit
oper.
operating
60,300
:
43,664
-I
11
Interested
are
tooled
for
thd
; />
7,'506.552 "i
f
237,205,
_________
■
121,162
•
'r
10,428-
•
64,886
/.'t
"
'■
.
with
equipment.,:j
.
of
6,338,762
2,385,385
rentals
59,181
78,200
<•
34,466
*
•
$23,113
'
420,502
:
'
Taxes
41,224-
137,457
339.079
*
2,482,088
3,336,410
12-31-45
1946 (4.mos.)
Exp.
$53,274
75,774
232,836
12-31-42
1,770,600
___
profit
Store
v
hi
c
connection
test
who
have
we
in
special
accounts
equipment
,«
Holt (Henry)
share
k
work
and
? The
c
$8,080,679,
777,442
■■
Prof. Before
Oper.
$137,998
$12,724,795
v$4,155,986 $13,845,3i5 $13,502,237
gross, V;
I,
...
630/303
r
the
1
said, "contracts have
by the Army, Navy
$200,000
1
SEC—.
'
~
167,126
of
Hoffman
development
commercial
sates
.
transceivers
rescue
several
versions
4 /'
r!
Calendar Years
$3,988,860 $13,215,012
'
*
~
Goods Sold
•
,
sea
th<p
for
yearly
large quantities?
approximately $7,500,000 which should
enable' us to Increase our sales of these
supplies during the last half
of the year
by about $1,000,000.
These sales, I estimate, will result
In a. prbfff to the
company, of $100,000."—V. 163.
ment.v
predecessors)
engineering, and
have
sales
'
of
excess
."Surplus equipment is now being
We now have ap inventory of
consolidating corporations"~
End";i
that
making
1
--
Cost of
12-31-40
X-----------
Deductions
SALES AND EARNINGS
manager
estimated
$2,500,000,
$1,500,000
ducing.
•> 1945
j'. 1944 % fir 1943"'
$9,420,438 $31,600,439 $29,772,051 $18,927,861.
5,431,578
18,385,427
17,047,256
10,847,182
income
from
1948.
.
general
1950.
for
also
industrial
Mar. 31,'46
\
depts.
depts.__
Total
.
Period
'
•
:
their
3 Mos.
Deductions
.
underwriting agreement,
the
pompany-has agreed, to issue to Kirchofer & Arnold, Inc.,. the under¬
writer, two options to purchase common stock of the company, -the
first option .to be for 3,000 shares of common stock at $20 per share,:
the option to expire June 1, 1947, and the second option for 3,000
the
COMBINED. EARNINGS
'
rev.—oper
exp.—Op.
Balance
Outstanding :
- 20,000 shs. ;
; 6,000 shs.
100,000 shs.
20,000 shs.;
Common
i
of
CAA
"We
;
t
/
Authorized^-:
■
'
'
,
Gross
contract
from operations of
and
'
-
of
sale
*
the
SUMMARY OF
earnings
-
Op.
$300,000 -5%- cumulative preferred stock will be as follows: 7
'
(Combined
In
of
final installment dud Dec.' 15,
8,
total
in
our-company
Walkie-Talkies,
agree¬
termination
-
the manufacture of over 4,700 harrows for
', CAPITALIZATION—The
for
Palmer House,
awarded
and
fol¬
mortgage
for
calls
contract
the
of
\
.
assemble
tiConsists
ing items:-.(a) $375;OQO 10-year 3% convertible
debentures, due, Oct.
15, 1955, originally ..Issued by Stevens Hotel Corp.-;- (b>
$249,999 2'/a%
notes, due Deb. 15, 1948, payable 'to the trustees under the Palmer
House Employees': retirement
trust; (c) $162,750 4% note, due May ,1,
1953, under- lease for El Pase Hilton Hotel; -(d)$ltf0;315,\ without
interest, representing installment payments under settlement"
contracts for building a number of hydraulic metaj
baling presses. It "has an order for a second peanut shell baling press,
similar <16 the first press Just recently installed, and now in successfur operation. • Orders now on hand for the metal baling press and
tho peahut-shell baling press aggregate'approximately. $163,000.',*
tThe company holds a contract with a nationally known concern' tp
and
$40,260.
first mortgage mbte; due Aug. ly 1951;
Los Angeles, Cal.; (b) $391,032
Town. House,
Mrlal;^hte.Sk-;D;;'/dtid^.'Ndv. 12, 1953i '-'originally:r4ssued'::'hyV:^8$tt:'*'Hotel'
time,
manufacture
of
been
.
gained valuable experience during the war in the manufacture
assembly
of
quantity'/: production
items.
It
has,
at
the
present
income- note
the
on
July
on
would
year
approximately $4,000,000.
i
6Mos.
$315,000
y "During the last two months," Mr.
note, due June 1, 1960, secured" by lien on the
Hilton-Hotel,; Long -Beach,- Cal.; (c). $325,918 4 % first
mortgage note,
payable monthly, $2,891, secured by lien on Hilton
Hotel of .Lubbock,
Texasv (d) ;$135;000
second mortgage;;bonds,^ -due^ Mar;
1952/
secMlrea 'Vs. Heir onP thite Town
House/ Los Angeles. Cal,/ («) '$8d,6d54.;3%.
.
.
this
.on
(a) .$582,750 4Va%
lien,
first
'firm
..
by
President,
the
of
$81,258.
Participating cer¬
tificates in a 5% income note *bf the" Plaza Hotel
Corp. due July'3i;
1949,"aggregating*$439,196. "in addition, as of May 31, 1946 there wa$
Month
-
:
,
H.
.
.
of the company.
The financial
have been examined by Messrs.
public accountants,
statements set forth in this prospectus,
Price, Waterhouse & Co., independent'
and the following Information should be read fcv
THE COMMERCIAL & FINANCIAL CHRONICLE
280
!
:
notes and thflk,
this prospectus:
|
Federal
Net Sales &.' Net Inc. 'M Inc. and
'Xfe. &$■;.
/
(Including
before Fed.
Exc. Profs.
Net
'-'Period Ended—Royalties)
Taxes
Taxes,
Income.
;June 30, '43 (12 mos.)- ,
:$84,633: ;
$343
$840
505
June 30, '44 (12 mos.)- /; 110,099
*
7.001, .1,877
5,124
st)ec\ 31, '44 (6 mos. )_i ■
87,173
12,895
7,743
5*151
conjunction
with
related
statements,
financial
such
5
opinion of said accountants appearing elsewhere in
'
,
,
"
-
sinking fund debentures,..
1, 1957,—i—i—$1,000,000
Common stock :*(par> $1)———'*
200,000 shs..
Common stock purchase warrants
*
due
•In
1945
(12
mos.)
17,428
102,183
_8,500
27,213
10,500
223.487
/
•
stock
(par 25c)—
—
-a—
8,928
16,713
January 1946 the
1945 and
December
*$934,600
at
$10
void
after
1950.
31,
1946,
As of May 25,
warrants for
the
nour offered.;net'proceeds ($251,600, less the estimated expenses)
will be used by the company for the following general purposes:
$42,000 will be used to retire a bank loan of $37,000 and a loan to
PURPOSE—The
company by a director of $5,000. *
-Approximately $25,000 will be -used for alteration t6 and expansion
the company's plant. *
Approximately $60,000 will be used over a period Of the next 12
""months for the purchase of additional production and tool equipment.
Approximately $20,000 will be used for the production of plastic
molds
in connection with articles which
the company contemplates
x
PURPOSE—Net
balance will
The
the
v
'
available for
be
'
and
Inc.,
company.—V. 164, P. 8.
Paul,
St.
TRANSFER
tional
.
the general corporate purposes
accounts .xep.eiyable.
of
Bank
&
Trust
AND
Co.,
of Chicago,
income
Net
Dividends
—
after Federal
$9,113,995
—-——
taxes
income
i,__
' ' "
''77:.:'^%
.'ivv
--f
——
935,588
39,099
Gross
•'
Balance for common' dividends and surplus—.:
share
1946_._
per
31,
May
returns,
Cost
of
etc.
goods
is
Net
$2-00
-'
'*
/
,
-
point cut, however, that while total
sales may reach a fifty million dollar figure for the year, an average
quarterly earning rate comparable to the first quarter is the maximum
td
can be reasonably expected for the full year,
The company is now working toward wider national distribution.
that
y
A
strong sales campaign will be conducted in New York and to her eastern
markets this fall, backed up by an aggressive advertising campaign in
|he Metropolitan
New York area;
->
,
,
CONSOLIDATED BALANCE SHEET
(Including Wholly-Owned Subsidiary Companies)
'
K
May 31,'46 Feb. 28,'46
Cash
*$4,372,980
$1,258,970
Receivables (net)
-w—2,082*915
1,245,321
inventories
7*293,370 10,374,589
:
tCapital stock of Rocky Mountain Packing Corp.
Total property, plant
Goodwill,
brand
Deferred
charges,
Unabsorbed
205,858
§2,893,333
unexpired
commercial
insurance,
Total
123,251 y
to
-
-
?*>
-
LIABILITIES—
'
.
Notes
payable ——
payable
income
Net
!
|
•
.
series "A" 3.90%,
''
———
,
(par $10)
2,723,900
,.—2,988,250
Paid-in
surplus ;.T.
Capital:' surplus 'iri
.—
(since July,
\VUvV\vi;, "f-'dy
3,291,667.
/.1 184,687_
—
———:
——
Earned surplus
-,
19362,092,883
«<Vr
Total
•.
222,700
2,000,000
cumulative preference stock
stock
i'«'n'.1 i,t .U
,
2,000,000
» 828,800
973,900
2,154,917
Foods
common
and,
consequently,
1946
stock.
This
transaction
7
184,687
2,304,614
:
,
has
not
effect
thereto
has
been
given
'*■ I
,
in
completed,
the May 31,
at May 31, 1946, to purchase
other assets of Guggenheim and
the properties, goodwill and certain
for a consideration amounting to
which $695,576 was paid during June.—V.
approximately
$715,000,
163, p. 3418.
5
of
____
From Jan. 1—
Net
from
73,411,878
92,381,966
93,296,571
14,018,451
32,067,562
10,945,793
12,129,767
'
Indiana Harbor Belt
Period End. May 31—
Railway
Railway
of
3!/2%
-
RR.—Earnings—
1946—Month—1945
,
oper.
revenues
$1,162,569
$1,388,849
oper.
r
15
Sept.
or
be
offered
for
for-share
A
quarterly
August
of
20
31.
cents
Insurance
It
was
America
private
in
1946-^5 Mos.—1945
$6,930,208
$979,962
5,950,246
$93,423 *$1,264,095
3,001
15,373
$118,878
15,850
$96,424
$134,728
*$1,248,722
4,180
16,945
33,807
209,023
41,558
,
16,741
169,135
Net deficit after fixed
-
'
charges
♦Deficit. V
:
tNefc
$180,217
income.—V.
163,
"t$58,437
p.
$1,474,690
$51,148
2993.
Co., Inc., St.
•T
HISTORY &
BUSINESS—Company
shares of
common
incorporated May 13, 1910, in
Indiana, and was reincorporated Dec. 10, 1936. Company is one of the
oldest and largest makers of permanent magnets in the
United States.
Company distributes its products directly to manufacturers of
products
in which permanent magnets are a component
part. *•'
was
stockholders
will
be
offered
a
share-
the
public
on
to
of
the
of
cents
25
two
163, p.
per
of
preceding
1866.
share
has
been
which
one
of
the
company
$4 preferred stock
for 400,000 shares
exchange
share
of
the
stock
common
new
for
$4
each
5%
preferred stock
into
2%
acceptance of
existing right
of com¬
shares
a
of
three
Registers 27,500 Common Shares With SEC—
°n June
SEC for 27,500
for
manufactures
28,
shares
the
are
sideration
1946 filed
($15 par)
estimated
acquisition
fibre
of
registration
a
stock.
common
maximum
be
to
Scharff-Koken,
shipping containers.
The
statement with
The
shares being
distributed
St.
latter
part con¬
as
Louis,
Mo., which
will dis¬
company
Rys. of Central
America—Earnings—
Period End. May 31—
oper. ' revenues——
Net rev.^ fr. ry. oper.—
$976,139
$852,330
$4,854,614
350,615
361,902
Inc. avail, for fixed
chgs.
Net income
1,799,212
261,282
270,093
231,658
1,334,516
1,148,835
1946—Month—1945
224,404
1946—5 Mos.—1945
$3,961,408
• 1,631,251
1,243,109
1,047,720
t
International Telephone
&
Telegraph Corp.
/
,
July
8
that
fire
all
corporation
ment
with
announced
the
July
companies
in
the
consultants
and
advisors
to the Spanish Telephone
Co., in connection with the maintenance, operation and future de¬
velopment of the telephone systenrin Spain.
On May 18, 1945, I. T, & T. made a contract with the
Spanish Governmemnt providing that it should receive
approximately $88,000,000
upon the sale of its interests in the Spanish Telephone Co.
The I. T.
& T. had controlled and
operated the Spanish Telephone system for
20
years.
I.
T.
tion
& T.
agrees to furnish to the Spanish Telephone Co., in addi¬
advice
and
services, instructions on engineering,
and maintenance,
traffic, business practices and account¬
construction methods and material specifications.
It will also
to
technical
building
ing,
maintain
in
Spain personnel to supervise these services.
The
contract is effective from Jan. 1,
1946, for a persion of five
at the expiration of which it shall be understood as
being auto¬
matically extended from year to year unless either party gives six
years,
months'
notice
of
desire
a
to
cancel
it.
Simultaneously with this technical contract the Spanish Telephone
Company also concluded an agreement with Standard Electrica, S. A.,
I.
T.
&
T.
manufacturing subsidiary in Spain for
the Spanish telephone system for the
equipment for
time.—V.
163,
p.
International Minerals & Chemical Corp*—Acquisition
To assure a
continuing supply of necessary raw materials for its
amino products
division, this corporation has acquired one-half interest
as
well as contracting for the entire
output of wheat gluten of the
recently formed Wheat Products Co* of Jefferson City, Mo.
According to Louis Ware, President of International, the new com¬
already started the construction of a plant in Jefferson City
at an estimated cost of
$1,000,000 which is expected to be ready for
operation in the fall.
The company
will produce gluten to be used
by International at its aminp products plant in Rossford, Ohio, for the
pany has
of
our
amino
sodium
as
flavor
a
products
business,"
Mr.
glutamate
accentuator
division
Ware
is
an
which
from
is
the
expanding
food
and
experiencing a
industry.
promising part
"as a result of the increasing
importance of amino acid products in the food and
pharmaceutical
fields.
We are already the
largest producer of mono sodium gluatamate
and
expect to double our production next year
upon completion of
International will continue to
gluten from the western sugar beet
processors besides using the
output of the new Jefferson City plant, he
pointed out.
B.
Clark
Boeckeler
.
Boeckeler, who heads
Associates,
Treasurer
of
Inc.,
Wheat
of
the
Trenton,
Products
Co.
Chemprotin Products, Inc., and
Mich., is serving as President
with
President
Laszyo
Kormendi
as
Vice
and Secretary.
Robert P. Resch, Vice-President and Treas¬
International, and J. R. T. Bishop, Vice President of Interna¬
tional in charge of the amino
products division, will serve as directors
In addition jto Messrs. Boeckeler and
Kormendi,-r-V. 164* p. 9.
urer
of
International Paper Co. — Calls
250,000 Additional
Shares of 5% Preferred for
Redemption—Exchange Of¬
fer Becomes.Operative and Is Extended-^.
The
directors
business Aug.
27,
on
July
1946,
1
called
250,000
for
shares
redemption
of
supply
of
period of
Interstate Department Stores, Inc.—Sales
Up—
Period End. June 30—
Sales
1946—Month—1945
•_
$4,222,595
1946—5 Mos.—1945
$3,726,226 $19,768,242 $17,935,828
163, p. 3286.
Investors Syndicate, Minneapolis—New Vice-Pres.—
James
R.
Ridgway
has
mortgage activities.
been
elected
Vice
President
in
charge
of
,L
Mr.
Ridgway, former Assistant Vice President, succeeds D. E. Ryan,
who has been
a
Vice President of the company since 1940 and »
member of the mortgage department since 1928.
Mr. Ryan resigned
officer of the company to move to Los
Angeles
an
where he will be
charge of mortgage activities for the company on the West Coast.
Investors Syndicate holds more than 24,000
mortgages totaling more
than $140,000,000.—V. 163, p. 2728.
Iowa Electric Light & Power Co.—Partial
Redemption
The
company has called for redemption on Aug.
first mortgage 3%% bonds, series A, due Aug.
1,
1, next, $126,000
1965, at 100 and
Payment will be made at.-The First National Bank of
Chicago, trustee,.,Chicago, Ill.,.,(or at The Chase National'Bank of
the City of New
York* 11 Broad Street, New York, N. Y.—Vv 159,
p. • 217..
*w
■!'
19
of
interest.
..
Iowa Public
All
of
the
have been
Payment
'
.
Service Co.—Calls 3%% Bonds—
outstanding first mortgage bonds, 3%% series due 1969;
for redemption on Aug. 1, next, at 104 and interest.
called
will
be made at the Chemical Bank & Trust
Co., trustee,
Broadway, New York, N. Y.
Bondholders, at their option, at any time prior to Aug. 1, 1946,
may surrender-any of such bonds for redemption and receive in
pay¬
ment
therefor
and coupons
the amount to which they would be entitled if the
were presented for redemption on Aug.
1, 1946i
Cha^e National Bank of the City of New York has been ap¬
pointed registrar of the common stock, $15 par value, and cumula¬
tive preferred stock, $100 par value.
For offering, see V. 164, p. 9.
The
Jefferson Travis Corp.—New
Richard
Peter
at
cumulative
the opening
convertible
of
5 %
J.
Hilton,
directors.
John R.
Buck,
senior
partner
Directors, Etc.—
of
Richard J. Buck & Co., and
Musicraft' Records Inc., have been elected
ten the company's directorate which includes
director of Raybestos-Manhattan Corp., and executive
President
of
This brings to
Dillon,
committee
member
of both
Twentieth
Century-Fox Films and the
Curtis-Wright Corp.; A. Pam Blumenthal, partner In A. W. Morris Sc
Co. and Vice-President of Enterprise Productions,
Inc., and Morton I.
Davis,
Sr.,
partner
in
Homes
and
Davis.
•
'
Buck also serves as director, of. the Harrisburg Steel Corp., and
National Boll & Foundry Corp.
Col. George C. Hale has Deen appointed Vice-President in
charge of
operations
He has been serving in an operations executive post
with Jefferson-Travis since February of this, year,—v..
163, p. 2581.
Mr.
the
Jewel Tea Co., Inc.—Current Sales
Period End. June 15-~
iii
Sales
—V.
declared,
another plant in San
Jose, California."
obtain a substantial portion of its
the
same
3137.
bonds
North
water cover.—V. 164, p. 9.
mono
Con¬
1 that it has concluded an agree¬
Co., by which the I. T. & T. will
Spanish Telephone
technical
as
on
165
Group will issue Wave Damage insurance to owners of
dwellings in New York State.
This move, it was explained,
the original introduction
of
—
cludes Agreement With Former Spanish Unit-
de¬
record July 31, payable
quarters, a distribution
Jersey.
About two weeks ago,
cover was extended
by North America to include Massachusetts
Rhode Island.
;
The insurance "will be offered through the medium
of a Coastal
Extended Coverage Endorsement broadened to cover, loss or
damage
due to waves
or
tidal water overflow,
subject to a deductible of
$100, applying to the wind cover as well as to the wave and tidal
and
Indiana Steel Products Co.—Common Stock Offered—
Brailsford & Co., Chicago, and Kalman &
•
Paul, Minn., in June offered 10,900
stock (par $1) at $27.50 per share.
in
cumulative
in
in
response to public demand, following
Wave Damage insurance in New
"The
charges....
preferred
shares
distribution
each
announced
growing demand
fixed
repre¬
that of a
America—Wave Damage In¬
Extended t<i New York State—
surance
389,745
Total
groups
was
Co. of North
471,339
3,312
first
to
made.—V.
was
851,593
deductions
bid
full-
& Bond Group shareholders
In
86,437
Miscell.
share of
As
choice
—V.
Unsubscribed
cash
clared to Stock
on
146,883
4,169
Offer"
senior
stock
;;
Equsip. & joint fac. rent
*$135,347
each
The_£omP*hy
the
Institutional Shares, Ltd.—Declares Large Dividend—
manufacture
income
from
most favorable
price to be filed by amendment.
Net proceeds will be used to
redeem 57,128; shares of second preferred stock at $17.20-a share and
to. j.redeem shares: of first preferred:Stock not converted into'common
prior to the redemption date.—V. 163, p. 2993.
449,422
...Total Income
received
were
The
a
75,704
Other
bids
the
of
exchange
basis.
82,356
*$139,516
$104,174
The company on June 28 filed a registration statement with the SEC
for 309,716 shares ($1 par) common stock.
Underwriters, Gottron,
Russell & Co., Cleveland, and Goshia
& Co., Toledo.
Of the total,
137,515 shares will be offered to, the public and 172,201 shares will
$36,920
Income
new
result, each holder of 5% preferred stock now has
options: (a)
to tender his 5%
preferred stock
for
exchange on the basis outlined
above; or (b) to convert each
share of his 5%
preferred stock into 2% shares of common stock;
or (c) to continue
to hold his 5% preferred stock with the
continuing
right to convert it into common
stock, until redeemed*.
as
$255,564
oper.
$120,825
Industrial Brownhoist Corp.—Registers With SEC—
1,133,285
ry.
$146,237
redemption price,
plus accrued
Interest to date set for redemption, will be made upon
presentation
and surrender of the abovementfoned bonds.—V;
163, P* 3419.
$89,723
Net
297,127
headed
payment
1,072,848
v
318,906
the outstanding refunding and improvement
mortgage series
bonds, due March 1» 1986, have been called for redemption
1, 1946, at 107 and interest.
Payment will be made at the
agency of the company at 380 Seventh Ave., New York, N. Y.
expenses
fr.
rev.
318,551
$119,827
members
ry. oper,
Railway tax accruals—
Net
$434,167
32,865
•
3286.
$6,403,044
6,366,124
.
third
.
stock.
the
act
73,442,
Immediate
33,833,351
5,892,819
railway
Net ry. oper. income
—V. 164, p, 9.
convert
mon
and
.
aLLa-J-
to
the
May—
1946
1945
1944
Gross from railway——————_
$13,640,011 $19,031,450 $19,785,852
Net from railway..
2,276,708
6,532,722
7,482,587
Net ry. oper.
income—806,943
2,092,007
2,628,431
'
from railway—;.—
$491,123
51,391
taxes
these requests four
total of 28 bidders.
a
of
Ail
of
Gross
84,651
8,470
Calls 31/2% Bonds-
is
«
Illinois Central RR.—Earns, of Co.* Only-
:
■
5
the
preferred stock had been tendered
business. The directors also extended
"Exchange
its
is
550,000" shares the
ivSv v
became " effective July 1
preferred stock.
This "Exchange Offer" has
been made for Voluntary
/o preferred stockholders and
does not supersede the
$425,696
16,445
;
by Halsey, Stuart & Co., Inc., bidding
severally, whose bid of 98.31 and interest for bonds bearing interest
at the rate of 2%%
per annum has been
accepted.
The average
annual cost of the proceeds to the applicant on this basis will be
approximately 2.57%.-:'Z
'
NOTE—The company was committed
Co.,
p.
to
group
been
balance sheet.
no
$549,440
34,117
Fed.
income
163,
senting
at
f49.24% owned at May 31, 1946 and
47.27% at Feb. 28, 1946.
tRepresented by 448,237% shares of $6.66%
each at May 31, .1948 and 323,237% shares of
$6.66% each at Feb.
28, 1946.
§On May 15, 1946, the company entered into a contract with
Drew Canning Co., ot Campbell, Calif., for the
purchase of its plants
and properties, the consideration therefor to be
20,000 shares of the
Hunt
$227,387
$474,678
$17,032,969 $16,171,120
___u„_r——«
$, 1946,
This
to
5%
of
of 5%
,
demarid deposits,
♦Includes
13,529
on June 20 authorized the
company to issue not exceeding
$6,500,000 refunding and improvement mortgage 2V2% bonds, series C,
to be sold at 98.31 interest and the proceeds
applied with other funds
to the redemption of outstanding
refunding and improvement mort¬
gage 3V2%
bonds, series B.
/■*.
Authority was granted to the Pennsylvania RR. and the New York
Central RR. to assume, jointly and severally,
obligation and liability
as guarantors in respect of the
Indianapolis bonds.
The company published a request for bids and sent
copies of such
requests to 102 prospective bidders including 18 life insurance com¬
panies and ten savings banks, each bidder to designate in
multiples
of % of 1% the rate of interest to be borne by the bonds.
In re¬
166,445
—24,606
.
due 1957
share
—V. 163, p. 2994.
408,369
183,695
;
.
270,959
Indianapolis Union Railway—Bonds Authorized—
1,460,094
206,692
Preferred stock (par $10)———I.tCommon
jl*
1.
$760,346
1,600,849
accrued
and accrued
Accrued liabilities—
Dividends payable
12-year debentures,
'1
$5,441,988
payable and
314,301
The ICC
on
—
...
taxes
Other taxes payable
5%
for
—V.
B
$17,032,969: $16,171,120
Accounts
Federal
338,124
$535,910
income
on
office
—
$3,099,371
2,402,714
2,029
—_
deductions
Prov.
170,172
•
31,26&
Total
3,086,209
$3,848,825
3,059,845
1,143
income
Other
50,000
etc
deferred
expenses
June
the
close
Ry.
•
2,874.450
50,000
& equip, net book value—
and trademarks
197,618
names
"raises
preferred stock on the basis of
preferred, stock and one-quarter
share
International
1943
,.i,,
*
$225,358
income
sponse
;
ASSETS—
-
if -;',1944
98,499
sold
dividends.
and
tribute the Stock to Its
stockholders and liquidate.—V. 146, p. 9.
V
$3,961,387
profit
Other
4
for the current fiscal year;
The
management
wishes
?r
$1,115,401
791,543
gen. & adm. exps.
Prov. for d'btful accts.
show
presented- to
1945
of
of
the
common
Calendar Years
1
Offer"
shares
further notice the
registered
City Na¬
registrar is Continental
,
the first figures which begin- to
reflect generally the results of
the company's enlarged operations.
However, these figures include only to a limited extent the operations
of the recently acquired plant and facilities of the Drew Canning Co.
since there was only nominal production from this plan sold by Hunt
during the first quarter,
v. Unpredictable
factors such as future labor and agricultural condi¬
tions, as well as Government pricing policies, make an estimate of
earnings at this time quite premature.
However, the Hunt production
and
sales
outlook
appears
favorable and a continuation
of these
favorable conditions, combined with strong consumer demand, should
result In a total sales figure of approximately fifty million dollars
report
is
100,000
accrued
stock
far.
at
—
——
Ingvard Martin, Treasurer, oh July 3 stated:
This
$896,489
—...
outstanding
448,237% ^shares,
on
agent
STATEMENT
v
Mar.31,'46
sales, less freight
Sell.,
Earnings
INCOME
3 Mos. End.
v,
::
MAT 31
i—
——
preference and preferred stocks—..————
"on
'
•
v1
and the
Co.,
Illinois National Bank & Trust Co,, Chicago.
•
RESULTS FOR QUARTER ENDED
;
-
&
„
Inc.—Earnings, Etc.—
Sales
Chicago, and Kalman
REGISTRAR—Transfer
COMPARATIVE
Hunt Foods,
Co.,
underwriters..
the
are
AGENT
&
and
thus
5%
in^idenf, ..to; the company's business,
UNDERWRITERS—Brailsford
.
„
proceeds (estimated at $273,000) will be added to
working capital used in general to finance operations, inventories
the
*of
105
preferred
called
"Exchange
uJl
pur¬
May 25, 1946, the balance in the sinking fund amounted to $34,944.
tAssumes the exercise of all outstanding warrants, which warrants
provide for the purchase of 33,016 shares of common stcok.
the
5%
amount
over
of
at $8 per share to and including Dec. 31, 1946, and
share to and including Dec. 31, 1950, said warrants to be
Dec.
the
at
offered 400,000 shares of
and 100,000 shares of
stock,
per
stock
for exchange before
chase of an aggregate of 4,368 shares had been exercised, and warrants for the purchase of 33,016 shares were outstanding. AH proceeds
from the sale of common stock through the exercise of warrants are
paid into a sinking fund for the retirement of the debentures.
As of
^ •Includes 74,000 shares
manufacturing.
as
*
issued $934,600
company
of
The
i
1152,629 shs.
warrants
common
*229,000shs,
350,000 shs.
,
call
total
sinking fund debentures, due Dec. 1, 1957, with detachable
for the purchase
of four shares ($1 par) common
stock for each $100 of debentures, or an aggregate of 37,384 shares of
OFFERING
Authorized
Outstanding
;;
v
.
preferred
12-year 5%
CAPITALIZATION GIVING EFFECT TO PRESENT
Common
Monday, July 15, 1946
v--'V:
5%
Dec:
bearer
;
March 31, '46 (3 mos.),
GIVING -EFFECT TO PRESENT FINANCING "15
- :■»:Authorized
^ Outstanding
.;
j
12-year
'
1
■
vv
CAPITALIZATION
Up 35.7%—
1946-^4 Wks. —1945
$5,992,224
1946—24 Wks.—1945
$4,415,134 $34,815,059 $27,275,227
163, p. 3137.
Johns-Manville Corp.—Partial
The
executive
committee
on
Redemption-—
July 9 voted
to call for
3%% preferred stock
dividends.
The shares will be selected by lot at the close
of July 18,
There were 167,406 shares of preferred stock
Aug. 20,
on
next,
85,000'shares
of
of July 8.
The called shares will be
redemption'
at
104
of
business
and
outstanding
as
convertible until the close of business on
20 into common stock at the rate of one common share for
preferred share plus $15 in cash,
Lewis H, Brown; President, said that When the
company Issued
the preferred stock, it was the intention of the board of
directors
to convert it when practicable, as it is the general
objective of the
company to have only common stock outstanding.-r-V. 163, p. 2855,
;
Aug.
one
Kanawha Bridge & Terminal Co.—Partial
Redemption
There
were recently called for redemption
on July 9,
1946, $10,000
mortgage sinking fund bonds dated April 1, 1908, at 105 and
interest
amounting
to
$13.75 per
$1,000 bond.
Payment
will
be
made
at
the
Fidelity-Philadelphia Trust Co., trustee, ,135 South
Broad Street* Philadelphia, Pa,—V.'163, p. 2294.
of
first
.
I
n -r-
v'r'''w;
',
J
,
,
.
.
—
-j
,-v.
U
'i
eM
,v-
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Volume 164
$*0*
*•*
*
1,1
tfm1. ,-r; TM? 2 'flflV wtf v^ric
'
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4507
The company has no funded debt except a certain promissory note
in the principal amount of $80,000 executed and delivered to Broadway
Investment Co.
(Ohio) representing a loan of cash obtained in that'
Kansas-Nebraska Natural Gas Co., Inc.—Bonds Placed
Privately—Central Republic Co.
(Inc.) on July 9 an¬
placement of $1,100,000 1st mortgage
nounced the private
amount
>
'
by
Lemke,
be
I" \
1 .p*
V
'
j
•*
>
J
'
%
,
'*
,
l*A
*
Files With SEC—
The company on
of
amounted
to
W. Wallace
orders
$5,400,000,
Keliett,
Keliett
contracts
In
the
at
with
compared
of
business
$1,151,253
President, reported July 1.-
stated
that
the
of sheet
line
"Material
^
shortages
are
articles.
summer,"
calls
for
ment
for
Keliett
Mr.
substantial
said.
activity
and
with
North
full
Wales,
We expect
plant
Pa.,
to obtain
which
will
non-aircraft
manufacturing
an
desired
a
employ¬
\n
customers
provide
400,000-square-foot
of
between
balance
aircraft
the
warrants.
used
to
Underwriter
extent
7|;,
•
of
is
$40,000
for
the
Coburn
to
stock
77.-;;
10
and
company."
For its own account, Keliett is developing a multi-engineered heli¬
copter transport, based on its military experiments, which it will
offer to operators before the end of the year.
This project is not
included in the current backlog statement.-—V. 163, p. 3419.
our
✓
be entitled to
—V.
vote at
159, p.
that
announces
the
;
annual
shareholders
: -vr.:
record
of
meeting to be held
The
SEC
;
■■
;V
y
7
,
,
$186,000,000
of
the
May 31,
on
10
1946,
high total which compares with
it is disclosed by "the semi-annual report of
a
use
July 18; 1946.
on
Transfer
Price
agent,. Marine National Exchange Bank,
$25 Vs
share,
per
BUSINESS
AND
plus accrued
dividends
HISTORY—Company
is
date
of
Wisconsin
Total
net
assets
of
the
Series
"S2"
fund
amounted
on
May 31, 1S46, compared with $23,146,586 on
During
the
12-month
period
net
asset
value
to
last year.
increased
to $19.36, compared
with $15.12 on May 31, 1945.
Adjusting for a
special distribution of 34 cents a share from net realized profits, paid
in November, 1945, this represents a gain of 30.3%.
The number of
shares
outstanding increased from 1,531,212 to 1,753,855.—V. 163,
3138.
p.
engaged
the manufacture
in
prescribed
or
leading
manufacturers
products
sold for
are
of
certain
much
as
of
the
7
A
quarterly
distribution
of 12 cents per share has been declared
payable Aug. 20 to holders of record July 31.
A
disbursed on May 20, last, while on Feb. 20, 1946, a
was
quarterly of eight cents and
In each
and
an
of
the first
extra
of
three
four
Total
assets
of
four
cents were
paid.
quarters of
1945 a regular of eight cents
disbursed, while on Nov. 20, 1945, a
special of 50 cents were paid.
cents were
quarterly of eight cents and
<
extra of
an
the
30, 1945, to $8,027,895
a
cumu.
Common
fund
have
on June
increased
30, 1946, it
from
was
$4,117,549 on June
also announced.—V. 162,
At
of
hormone
products.
Some
stock
($1
company on June
holders.
repairs
shares
of
25 filed
Offering price, $1
and
additions
letter of notification
a
stock
common
to
share.
a
be
offered
Proceeds
to
will
be
to
present plant for purpose of
Issue is not underwritten.
brewery's capacity.
the SEC
with
present
share¬
to
used
the
Estimated
capital.
/
of
The
net
proceeds pf
plans to
plant in Mont¬
company
bottling
a
(
„-:;'77
■
and greases, 55%.—V.
7
77''77.7
-•
163, p, 3286.
7;
:\'Y
Corp.* New York-^Registers With
:::7v.7;V-'
..
products
Livingston Mines, Inc., of Seattle—Files With SEC—v"
The
16,000 shs.
30,
1946,
and
16,000 shs.
255,000 shs.
outstanding,
At
the
articles
of
Moore, Inc.,
public
at
stock
common
cents
20
share.
a
and Alfred
Lind, both of Seattle.
for mine acquisition and development.
were
authorized 750 shares of 6%
non?
($100 par), of which 510 shares were issued
there were authorized 500 shares of common
and
of
HISTORY AND
a
Before
Income
Taxes
$826,209
$66,592
modern
Net
Westhampton.
Profit
$21,159
five
■
As soon as
they are made available a plane will be assigned for non*
stop service to each of these communities.
Flying schedules as pres?
$45,433
1942
879,238
loss 5,374
691
loss 6,065
1943
1,403,155
110,897
47,056
63,841
1944
1,966,707
178,027
ently contemplated range from 25 minutes on the New
hampton flight to 40 minutes on the New York-Montauk
84,474
93,553
have
2,553,278
1,463,394
180,548
79,370
101,178
1945
1946 (6 Mos.)
160,623
-
60,879
service
99,744
names
of
shares
of
underwritten
the
underwriters
the
of
by each are
&
Co.
Bell Farreli
The
11,000
&
Stebbins, Inc.
Marshall
Braun,
1,500
Co.
Monroe
$750
to
will
1,000
:
be
in
keeping
Lake Superior District Power
The company on June 27-filed
shares
($1
par)
a
registration statement with the SEC
stock.
common
Underwriter, Ames,
public will be $9 a
& Co., Chicago.
Offering price to the
Company will use part of the net proceeds to acquire the
Century Biscuit Co., Indianapolis, Ind.
Of the remaining
proceeds it will use $125,000 to purchase two
ovens, about $70,000 to
pay
off mortgages
and bank loans and the
balance for
working
share.
assets
Period End. Mar. 31—
Operating revenues
Oper.; exps. and taxes-
be
sale
securities
the
of
offered
Stock
Transfer
Ohio.
agent,
Merchants
Bank
&
Trust
Dayton,
Registrar, Third National Bank & Trust Co., of Dayton, Ohio.
HISTORY
of the
Kurz-Kasch Co., which had
business since 1917.
•
ing
Company
was
one
molding
industry
1930-1931,
when
in
the
of
the
been
pioneers
engaged in the plastics mold¬
in
the
plastics,
synthetic
res.in,
United
States.
It operated profitably until
the
effects
of
the
business
conditions
existing
and over-investment in plant,
equipment and machinery
compared
with its working and current
.capital, resulted in its
inability to meet its current obligations and a receiver was
appointed
March 25,
1932.
Its business
was
operated by such receiver until
Jan. 15, 1937, when its business and
assets were sold at receiver's sale,
and acquired by the
company.
The company is
engaged wholly, in the compression and transfer
molding of thermo-setting synthetic resin
plastics, such as
at
that
Net
-V.
time,
as
Bakelite,
Beetle, Plaskon, Melmac, and others of similar nature.
Its
is principally the custom
molding of such plastics to cus¬
tomers' orders,
designs, and specifications. It also designs and
produces
certain stock or standard parts,, such as
dials, knobs, utensil handles.
Durez,
9,691
9,911
42,969
tndn
2,088,045
-'
$665,609
;
EARNINGS—The
following
is
a
—
Summary
ending
to
May
Dec.
18,
°Net Earnings
-
}M3
———
•Before Federal income and excess
The operating loss for the
year 1945
earnings
$171,442
other
$216,729
$916,685
54,354
126,912
474,682
313,856
deducts.
income
$117,088
—.
$89,816
$442,003
into
8
whereby
the
this business
operated
by
as
and
Y.
N.
Allen
contract
Lamson
as
of
with Allen Billmyre
Corporation
will
take
Co.
over
Norwalk,
Billmyre & Co.
-
profit
43,432
taxes.
95,210
fl2,216
May 11, 1946,
applicable loss carry-back provisions of the Internal
Revenue
PURPOSE—Company
stantial
additional
payrolls,
inventories
rent credit
common
to
poses
believes
investment
of
raw
the
the
development ,x>t
136..
'
products and their
'
•
%
The pet proceeds
will amount to
apply
Code.
work
in
process,
and
approximately $250,000.
such
Company
v
r
■
.
CAPITALIZATION GIVING, EFFECT TO PRESENT
FINANCING
Authorized
Preferred
Common
stock
($100
par)
stock. ($1. par),™.
850 shs.
,
500,000 shs.
Outstanding
:
■
7
from
ry.
railway..:
'
7". -7
wider
oper.
income_«
Net
ry.
oper.
income
Net
1946—6 Mos.—1945
775.18 shs
239,700shs.
G.
;
R.
Other
137,000 shs.
the
'r
«»
58,616
10,309
24,714
1,066,212
,1,427,134
278,744
83,050
164. p. 10.
v
,
operating
:
<
105,388
23,940
—
income—
$872,297
—
income
tax
:
—
75,812
——"
:
—
for
.
Net
99,997
24,693
2>962
income
522,168
128,702
130,848
7——?7
,7.
NOTE—Due
151,736
effect
657,243
in
to
1945
several
and
1946,
changes
in
figures
for
accounting
prior
years
Co., Dayton, Ohh>—Dividend Action
submitted.
7
following
"
'
statistical data
periods shown
for- the
five months of the year.
and wages paid
$2,809,124
4,128
359,341
be; of
may
"
,
1944
$2,750,847
4,090
360.761
$2,385,957
3,921
:
330,760
+..1,036
4C>4
9,690,616
.1,042
494
9,634,325
Revenue passengers, carried ,7^7^7-7 73,374,900- .68.714,783
66,252,668
Salaries
Approximate number of employeesother-than Federal income—
Taxes
owned
cars
7 Motor
coaches
-
—
owned
—-—✓
'Revenue miles operated
,
,
1945
1946
>Street
and
,
.
^
•Three Mos. Ended March 31—
the com«
"Resumption of dividend payments will be given consideration after
normal operations have been achieved."r-V; 163, p. 1730.
•
-
$0.41
parable without lengthy explanatory notes, and they are therefore not
.
as follows:
"Operations continue to be unsatisfactory due to material shortages
it is hoped that copper will again be available in
quantities by
Aug. 1, 1946, so that full-scale production can bs maintained during
$448,763
procedures put into
would not be com¬
Interest:
on
"344,760
——
Earn, per share on 1,095,440 shs. of com, stk. outstanding-
1,401,453
dividend action
$857,142
15,155
:
$244,248
1,480,775
■d 585,438
June 24 deferred any
1946Co*
$5,638,681
4,781,539
;
—
—-—
income
-*»
Transit Lines—Earnings—
—
Miscellaneous deductions
1943
Gaskell, Secretary, reports
the remaining
»
income
Provision
•
on
Outstanding
■
WARRANTS—By appropriate corporate action,
has authorized the issue of stock purchase warrants
Interest
Deferred—
:
The directors
ihon stock.
3,000
exercise, of
*
The
Electric
-
38,000
PURCHASE
Operating expense
163, p. 3138.
Leland
the
upon
3 Months Ended March 31—
$3,157,201 $23,209,094 $19,025,369
7,... i
S"tr-
43,097
Net
pro¬
proceeds as follows:
To payment of notes pay¬
able to bank for funds borrowed for
current working capital purposes.
$75,000; to payment of Federal income and excess
profits taxes and
renegotiation refund due, $75,000; to additional
working capital, $100,000.
• "'
>
"i
7
'
>•
.
3286. 7
from railwayl»»
from lahway^i^*
—V.
of
issuance
for
,
Los Angeles
cur¬
of the sale of the 75,000 shares
reserved
shs.*
*300,000
——
for the common stock.—V.
From Jan. 1—
•••
r:
corporation
entitling the holders thereof to purchase at $3
Up 33.6%—
1946—Month—1945
$4,218,901
—
163, p.
fe
1
during
*
Lehigh & Hudson Rivet Ry.—Earnings—
1946 ~
May—
1945
\*. • 1944
Gross from railwayr-7
$186,731
$225,634 7 $295,461
Net
its
and
Period End. June 30—
Gross
operations will require sub?
working capital to finance current
materials
sales.
stock
that
of
^
—
per share at any time
a period beginning one year after date of said warrants and
ending four years thereafter, an aggregate of 75,000 shares of common
stock of the corporation.
Up to 50,000 warrants are being sold to
the underwriter and up to 25,000 warrants are being
sold to the
founders and shareholders.
The respective amounts of warrants pur¬
chasable by the underwriter and the founders will be on a propor¬
tionate basis, that is to say, in the proportion that the shares sold by
or through the underwriter bear to the total amount of the public offer¬
ing (9.9,500 shares.
The recipients of the warrants are thus given, at
nominal cost, the opportunity to profit from a rise in the market
Lane Bryant, Inc.—June Sales
Net
fLoss.
—.——w7-———,
are
Operating income
sales
tt
the
of July.
It will for the time being be
Corp. with plants at Mamaroneck,
Conn.
The Pottstown Blower Co. operated
was
included in the purchase.
Also, there will immediately be added to the present regular
products order balance
of
about
$2,500,000
another
$400,000
to
The market for these products appears capable of sub?,
stantial expansion.
J. F. Billmyre, who created this business over
the last 12 to 13 years, has engaged himself to the corporation to
162, p.
90,000
8.000
—
facilities
(par $1)
shares
STOCK
operations
age.
in
'-2.000
7-—
entered
was
$500,000.
further
$96,000
———.
—7——,—:—
—
stock
*75,000
The corporation announces that the acquisition of Allen
Billmyre
Co.,
manufacturers
of
exhausters,
compressors,
blowers,
vacuum
cleaning systems and the like will entail heavy expenditures to be
covered during the coming months.
'
\ 't\ \
As a result of this acquisition there will be added
complementary
products fitting into the corporation's manufacturing and sales cover¬
assist
.{■
-'7 1;
first
of
South
application.—V.
\
!
CAPITALIZATION GIVING EFFECT TO PRESENT ISSUE
$395,236
all
imme¬
common
v
Lamson
the
division
a
the
Authorized
definitive
a
in the
Mallard
parts
Gross
$76,784
Grumman
warrants.
June
the
proceeds of the sale of 99,500 shares of com-
163, p. 2582.
—V.
Net Profit
$213,142
t 251,019
of \
Airport ramp and
Working capital
$709,092
Lamson Corp. of Delaware—Adds Facilities—
Net
the
may be offset by a claim filed
for refund of an amount of
$13,507 under
under date of
.
of
inclusive,
26,619
346,229
tl2,216
70,051
1946—
the
31, 1943-1945
1946:
Fed. Taxes
$289,927
—
of
expected that the corporation will realize
Spare partr-^i»-»i—7.^.-——
Purchase
43,483
business
company for the calendar years
and interim period Jan.
1, 1946,
not
'^tock ^n<jl • Vfarwnts will be allocated and used-as fqllaws:
Common
of
&
BUSINESS—Company was incorporated in Ohio Jan.
22, 1937 and acquired, by purchase at receiver's sale, all of the assets
and business, including good will and
right to the use of the name,
$873,716
is
It is expected that the
$2,753,654
1,964,298
(net)
income
and
On
Co.,
income
Gross
Offered—Smith, Hague &
National
490,008
$206,819
J
It
Spare
Int.
—
533,106-
$2,838,014'
with
and
obtained
future any proceeds from the sale of the shares of
issuable upon the exercise of the. warrants.
stock
1946—12 Mos.—1945
$161,752
income
oper.
Other
capital.
Kurz-Kasch, Inc.
$696,827
••
receive
Purchase of 3 Grumman Widgeon planes——
Net
of
Co., Detroit and F. H. Koller & Co., New York, on June
25 offered 75,000 shares of common stock
(par $1) at $4
per share.
Stock is offered as a speculation.
$694,858
Rates
luxury
the
'
diate
Co.—Earnings—
1946—3 Mos.—1945
York-West*
run.
with
from the sale of the warrants, the
corporation
approximately $249,500 after payment of expenses esti¬
mated at $12,500 in' connection with the issue and sale of these securi¬
1,000
Riley & Company
will
.
PURPOSE—Upon the
1,500
Co.
and
but
folk County Airport is returned to the
County by the Federal Govern¬
ment, its application will be given consideration.
7
7r
At no point is the
landing terminal more than five minutes driving
distance from the community which it serves.
Transportation service
will be provided from all terminal
points to the respective communities.
follows:
No. of shares
Loewi
fixed
are
preferred
as
offered.
been
terminus,
the
the number
yet
homejport'of the Line, aa well as its Westhampton-Riverhea'd
is expected to be the Suffolk County Airport.
Negotiations
under way for the purpose of enabling the corporation to use this
base and the corporation has been advised that when and if the Suf¬
net proceeds
($382,000) will first be used for the
outstanding 510 shares of 6% nonrcumulative pre¬
ferred stock ($51,000) and the balance of
$331,000 will be used to in¬
crease working capital
(princpally by retrement of bank loans.)
and
as
The
PURPOSE—The
of
not
ties.
Emerich
'
amphibious equipment available, with a schedule calling
non-stop flights daily each way to Montauk Point and six
non-stop flights daily each to Easthampton, to Southampton, and to
for
ProV.
Taxes
Sales
value $1) at $3 per share.
BUSINESS—Company has been formed to serve the
of Montauk Point,
Southampton, Easthampton
towns
It is the purpose of the
company to offer to the above communities
much-needed commuters' service, from May 15 to Oct.
15, with the
most
retirement
to be
and Westhampton, Long Island.
Company was incorporated in New
York. March 20, 1946.
Principal business office; Southampton, N7 Y.
OF OPERATIONS
Profit
resort
summer
stock
RESULTS
stock (par
common
adopted, which created the issue of
stock
(par $25)
and provided for the
common
stock ($1 par value) for each
(no par) outstanding, resulting in an outstand¬
ing capitalization of 255,000 shares of such common stock.
The noncumulative preferred stock has been retired.
Kungsholm Baking Co., Inc.—Registers With SEC—
for;. 100,000
cents)
(par 5
Underwriters, Lobe and
Proceeds will be usejd
Long Island Airlines, Inc.—Stock Offered—L. H. Rothchild & Co., New York, on July 2 offered 99,500 shares of
were
preferred
1,000 shares of
common
the
to
there
incorporation
shares
shares of non-assessable
offered
(no par), of which 255 shares, carried at
$2,550, were issued
outstanding.
a meeting of the stockholders
held June 18, 1946, amendments to
and
3 filed a letter of notification with the SEC
on July
company
for 250,000
stock
make
increasing
share.
a
working
construction
liquid Conditioning
Outstanding
($25 par)—
par)
UNDERWRITERS—The
128,697
$5.50
to
for
„
,
sec—
hormone
as $10,000 per ounce. Hormone
domestic sales in 1945.
Koppitz-Meichers, Inc., Detroit, Mich.—Files With SEC
The
be
added
funds
Sales
.
issuance.
300,000 shs.
preferred stock
April
stock
for
■
will
be
the
distillates were up 68%;
cumulative preferred stock
1642.
p.
Price
will
of
of all products of this company for the first four months or
through its 92 bulk plants and 1,136 retail outlets, showed a 43%
over
the corresponding period in 1945. In maintaining this
record level, sales of all grades of'gasoline
increased 43%; sales of
corporation
Authorized
$1.16
1941
the capital stock,
the
with
Underwriters,
increase
physicians.
by
Net
like amount
statement
stock.
common
1946
CAPITALIZATION GIVING EFFECT TO PRESENT FINANCING
Year End. Oct. 31—
on
registration
a
par)
used to pay for temporary quarters in New York, for furniture and
fixtures, equipment and other corporate purposes.
The stock will be
offered at $10 per share.
No underwriters named.—V, 163, p. 3138.
and
the
Knickerbocker Fund—Dividend and Assets—
(10c
company markets about 150 different products, many of which
the result of its own research.
Company is one of the world's
1924
administered
exchange of
Aug. 1, 1946, $40,000 of
1975, through operation of
sinking fund, at 1037/a and interest.
Payment will be made at the
City Bank Farmers Trust Co., trustee, 22 William St., New York, N. Y.—
V. 163, p. 2728.
filed:
28
shares
Lion Oil Co.—Sales Increased 43%—
The
are
share of
The company has called for redemption on
its first mortgage bonds, 3V8% series due
York,
New
pharmaceutical
products
16,000
Kings County Lighting Co.—Partial Redemption—
Broadway,
West
The company on July 3 filed a registration statement with the SEC
for 70,600 shares ($10 par) class A common stock.
Proceeds will be
organized in
$33,958,968
May 31 of
per
share
York.
part
gomery.'.
Milwaukee, Wis;
from
a
June
on
225,000
$1,018,000
Lakeside Laboratories, Inc.—Preferred Stock Offered
new
$138,000,000 a year ago,
the Keystone Income Common Stock Fund Series "S2."
250
Co.,; Inc., Montgomery, Ala.—Registers With
company
for
New
July 8 will
—Loewi & Co, and associates On July 2 offered 16,000
shares $1.16 of cumulative preferred stock ($25 par) at
$25% per share and dividend. This offering is restricted
to bona fide residents of Wisconsin.
to more than
Keystone funds amounted
at
3138..^
' Newburger and Hano, Philadelphia, and Kobbe, Gearhart & Co., Inc.,
Keystone Custodian Funds, Inc.—Assets Rise—
assets
plant
present
p.
Lime Cola
639.
constituted one-fourth
Combined
its
163,
'SEC^7;:;g7V:;77;;.';;7^;;7
machinery
to La Pointe
-7-■ / ;
"
and
Middlebrook.
&
purchase
La; Salle Wines & Champagne Inc.—Annual Meeting—
The corporation
this
operating at capacity within a few months.
important aircraft-parts contract within a few
restore
divisions
new
:
.y
pro¬
in
increased
year.
the
be
,
continuing for the remainder of
"Our present
production program
"Impending developments in negotiations
strong possibilities that we shall have our
a
•
,
improvement
consistent
a
-
Government
1
>
for
will
T
V
1945,
-
'
currently and temporarily delaying our
metal
duction program but we anticipate
situation starting, this month and
days
31,
Dec.
on
'
included new
business
new
at
Y.—V.
stock
common
equipment, $100,000 to pay remainder of issuer's debt
Engineering Co. and the balance for working capital.
30
June
on
for
diversified
the
close
helicopter engineering and production, heavy bookings
quick-freeze refrigeration field and additional orders for a
the
each
N.
'With1 the SEC
20,000
.
Corp.—Unfilled Orders Rise—
unfilled
notification
letter of
a
50,164 shares ($5 par) common stock and
purchase warrants.
Offering price, $6 a share
Proceeds
Keliett Aircraft
the
Arrangements
operations
July* 8 filed
for
cents
Volume
for
•
,
Mr.
Piointe-PIascoiiioldl Corp.; of UhlonvUlc, Conn.—
La
U
.
312.
p.
President.
used
chemicals.
t*
Kearney & Trecker Co. •?-' Secondary Distribution—
Blyth & Co., Inc. offered as a secondary distribution
June 28 2,000 common shares (par $3) at $28% per share
.with a dealer concession of 80 cents a share.~rV. 163,
V
The building contains 22,000 square, feet and will
manufacturing,- re-packaging and storage of heavy
also have been made for the purchase of
additional
equipment, delivery of which is. expected within a few
months,
the announcement stated.
The
corporation will continue
additional cash funds for working capital.
secure
2110.
p.
g (B. L.) Lemke & Co., Inc.—Buys N. J. Factory—
•7 This corporation has signed a contract for the purchase of a factory
in Lodi, New Jersey, according to announcement on July 1 by B. L.
the company.
This note, dated April 23, 1946, replaced a
previous mortgage loan indebtedness in the amount of $75,000 and td
sinking fund bonds 3%% series due 1965 at 108.20 and
iiterest.~rV, 161,
281
A
dividend
directors;
of
12 W
payable
cents
March
■
825-
-7--- 435
10,351,124
per
29
to
r
share was declared by the board qf
stock of record March 11, 1946.—
■y^:-: y^:' ■■■■'■.■:■■■:■». ■:■■■;
':.
■■
V
■. ■■■>
:.r:
A
^
:
■
.
:-r
.
Vy..:;."V
v
.
/.:
■
■
r
,-
/
Railway
oper.
j' Net
*1.023,020*}.002,699 $5,347,285 $9'0J5'^J
revenues
oper.
Railway
exps,
$329,179 '
$887,084V $1,660,698
v
taxes
Other
39,000
$130,701
$248,503
Equip, rents (net Dr)facil. rents (net Dr)
income
164, p. 148.
/
i—V.
oper.
The company in June, 1946 operated 199 stores,
shme month last year.—V. 163, p. 3287.
■
and
55,607
489,600
income
21,429
$221,441 ;
$199,665
:
'
$546,886
$562,591
-
>
'•
:-r
'
Michigan Steel Casting Co.—Registers With SEC—
$32,188,^03
The company on June 27 filed a registration statement with the
for
shares ($1
Detroit.
100,000
Estimated
net
SEC
common
stock;
-Underwriters, Cray}
Stock is to be offered publicly at - $8 25 a
par)
McFawn! & Co.,
„
share.
Co. (Ky.)—Weekly Output—
rN "Electric output of this company for the week ended ;July 6, 1946,
totaled
24,771,000 kwh. as compared with 28,886,000 kwh.
for the
corresponding week last year, a decrease of 14.2%.-~V. 164, p. 148,
Louisville Gas & Electric
surtax
$1,109,253
$1,019,875 $2,154,248 $1,130,681
166,931
169,687
78,090
'
67,202 " "
68,996 ^ ' 310,000
% 564,300
1,368,679
- 180,000
$755,547
,10,674
profits tax
$4,005,21®
1,569,541
2,256,492
1,040,677
508,262
284,623
j
>
1,124 Vv: .• .1,120
$1,003,114 42,133,402.
"
16,761
20,846
5,132
deductions
Normal
Excess
•
proceeds
will
($685,500)
be
used
follows:
as
$130,000 to purchase additional facilities from Defense Plant
Corp.; approximately $102,000 to expand the company's fabricating
division; about $100,000 for expansion of precision casting division;
About $60,000 fhr purchase of tools arid patterns and to increase
inventory for stainless pipe-fitting business and the remainder for
increasing inventory of stainless steel-rolled products,
expansion of
warehouse division and for working capital.—V. 151, p. 2505.
About
(The) Mead Corp.—rCalls Preferred Stocks—
;
*
$750,415
f-V. 163, p. 3139.
^
(
profit—a
Total Income
Income
against 202 in
as
the
doubt, accts-
income
Other
1946—6 Mos.—1945
$5,533,348 $35,727,683
$6,129,596
pales
$141743*
$750,585
$7,818,754
2,919,471
1,474,914
416,591
- ;
1,908 !
Operating
.
Net
■?■■■,
3,421,564
'
*
....i946—-Month—^1945
$6,348,092
1,038,523
341,040
199
I
«.
6Mos.End.
Mar. 31,'46
2,611,494
dis.__
______
Prov. -for
McCrory Stores Corp.—June Sales Up 10.75%—
Period End. Jun 30—
- -
$4,741,673
less
expenses
General adm.
expenses
'
.
Y
EARNINGS STATEMENT
•p-YearsEnd.Sep^>30—'•
1945
sales,
Gross
additional prop¬
expansion and purchase of
for
used
Issue is not underwritten.
erties.
$1,093,664 '$1,495,522
307,103
322,376
35,975
56,012
$347,070
86,711
11,856
jit.
ry.
82,014
$206,401
67,797
7,903
2,104,600
398,405
214,000
353,032
458,000
83,778
—
Railway oper. income
Net
will be
.
Cost Of goods sold
Dallas—Files With SECrThe company on June 28 filed a letter of notification with the SEC
for 150,000 shares of common V stock.'
Offering price $2;. a share;
$3,998,527
,
.
1944
Selling
•
Proceeds
tax accruals—
Federal income taxes
Railway
'
r
.
1943
Max-Tex Realization1 Corp.*
ti.ui. ?,4vio
3,686,589
1,015,615
693,841
-
from ry. oper.
rev.
19.4<^Mos^1945_
1946—Month—1945
period End. May 31—
Monday, July 15, 1946
SUMMARY OF
registration statement with the SEC
Underwriter, Singer, Deane
Scribner.
Of the total, 30,000 are authorized but unissued shares
and. will be sold for .company's accquiit; balance of /lO.OOO shares are
being sold by certain stockholders who will receive the entire proceeds.
Company- will use tho proceeds from the sale of its 30.0QQ shares-.for
Increasing plant capacity.
* •
' ^
"
.
Co.—Earnings-
Louisiana & Arkansas Ry.
:
•;r.
shares ($1 par) common stoqk.
for 40,000
1030.
p.
...
The company on July 10 filed a
.
Dealers' discount ,60(5.^
(par $10) at $26% per share.
-
Pa.—Regis-
Mathews Conveyer Co., of Ellwood City,
ters With SEC—
(P.) Lorillard Co. — Secondary Offering — Merrill
Lynch, Pierce, Fenner & Beane on July 11 effected a
secondary distribution of 53,500 shares of common stock
y. 163,
:
CHRONICLE
THE COMMERCIAL & FINANCIAL
282
>'
■.
r.
\ : ■
'
The company has called for redemption on Sept. 1, next, all of the
outstanding $6 cumulative preferred stock, series A, and $5,50 cumula?
i
preferred stock, series B, at $105 per share - and dividends. Full
immediate .jpayment may . be obtained at The Commercial. Na¬
Wall Street, New York, N. Y,
JHolders of. scrip 1 certificates for half shares of $5.50 cumulative
-preferred stock, series B, may obtain payment on or prior to April 30,
1947, of $105 and delivery or one warrant for the purchase of common)«tocki series; 1937, -*oiv^ each^^ full ehare^^ of $5.50 cumulative pre¬
ferred stock represented by such certificates.five
«nd
tional Bank & Trust Co. of New York, 46
.
Co., Monrovia,
Lowell and Grayson Mfg.
||l|g|BSI
With SEC—
•
Calif.—Files
i
*
July 1 filed a letter of notification with the SEC
for 500 shares of common stock to be offered to the public at $100 a
share.
Proceeds will be used to acquire necessary machinery, tools
f»r»H raw materials for production and working capital.
Issue not unThe
on
company
derwritteni^^fer^|^^S»v^r,-V':;'
v :
t
.-••••
•
..
V.
notification was filed with the SEC for 5,000
offered by and for the benefit of Leopold
Offering price estimated at $3.25 a share.
Chares
will
to following New York houses and sold to
highest bidder: Merrill Lynch, Pierce, Fenner '& Beane; L. D. Sher¬
man
and Co.; Green & Co.; Batkin, Jacobs & Co.; Troster, Currie &
Bummers; and Edward A. Purcell & Co.—V. 162, p. 3194.
of
President.
be offered
LytiWs-Henry C. Lytton
according to
Inc.,
Co.,
been
Mail
for
an
of R. A. Hohfeler as ViceSecretary; Charlotte Wolff,
.Assistant Secretary; and E. F. Wuest, Assistant Treasurer,
; „
Ringman, Inc. recently was acquired as a wholly owned subsidiary
by Lytton's-Henry C. Lytton & Company.
As successor to Ringman,
Inc., Lytton's Merchandising Company, Inc. will continue to. operate
all of the women's departments of Lytton owned-enterprises operating
in metropolitan Chicago under the. Lyttou name, Mr; Cole said.—
last
previous
split
of
Melville
1946,
occurred
common
in
profit
ried were
p.i;g: -;Y •' " ?:
164,
Midvale Mining Co., Seattle, Wash.—Files
The company on June 27 filed a
.
Issue
details of
No
C.
July
on
retire
■
and for addi¬
outstanding debentures, betterments to plant
machinery and equipment.—V, 155, p. 1514.
tional
Operating
$8,805,966
1.334,363
$13,696
expenses
$299,952
$2,222,731
j,26i,21T:
6,666,970
11,881
Net oper.
135,295
$1,541,749
641,298
Crl5,572
rev.
Crl3,387
J0r292,752
Equipment
rents
fac.
15,723
142,405
Net ry. oper.
■Other income
$162,321
•$9,291
inc.—
23,691
-
-
The
development
Gross
income
214,355
.
•
Net Income
137,818
675,809
$1,017,241
695,385
$54,840
$3,840
$321,856
•$117,280
...
163,
$679,649
431,680
Rentals,:int. etc.
•Deficit.—V.
$192,658
;
3139.
p.
Majestic Radio and Television Corp.—Files With SEC
letter of notification for a suffi¬
cient number of company's common shares to total $100,000 being
offered by E. A. Tracey. President of the comoanv.
Offering price, at
Market.
.Underwriter, Kobbe, Gearfaart & Co;
Proceeds will go to
.the selling stockholder.—V. 162, p. 2150.
The company
C-J ^
June 28 filed
on
\
''7 l-y
* ',' r'
y,t'''
1
*
."v"r
j
-
Mallory Hat Co., Danbury, Conn.—Control Sought—
' .f
Manhattan Bond Fund, Inc.-r-Extra Div. of 5
The directors
June 27
on
declared1
an
Cents-r
extra ; dividend of 5 cents per
chare and the regular quarterly dividend of 9 cents per share, payable
Like amounts were paid on
?July 15'to stockholders, of record July 1.
Jan. 15 and April 15, this year.
In
-
1945, the company disbursed the following distributions:
Nof -15'
Jan.
©n
(inob*jtywr
cents;
'A
rents-
A total
and
and July 16; 10 cents on. Oct, 15; and a special
15, April 16
of 75 cents on Oct, 27, tne lavter pa>aoie in cash or
Atock at the option of the stockholder.—V. 163, p. 73.
in
of
'
:
do Sul, on" July 1
announced the purchase of 10 Martin 2-0-2 luxury air liners from
The Glenn L. Martin Co., Baltimore, Md., manufacturers of the planes.
The
,
announcement
President, of
the
made
was
air
by Doctor Jose Bento Ribeiro
of
/
the
the
on
•-
„
from
in
lines,
Argentina
-The
air
line
holders with
-
•
Cruzeiro
and
is
no
do Sul also
Venezuela
owned
and
has
will
established
entirely
foreign capital invested.
fay
in
Brazilian
an
more
than
50-passanger,
20
air
liners
C-54s.—V.
164,
including
p.
An
a
) Fischer,
Included
five
Vice
in
President
the
total
gain
and
is
of
head
of
to
who
of
common
are
for
and
time
by
other
such
the
board
of
purposes
•
1
.
the
according
agency
additional
to
(sales)
insurance
Chester
Such
articles
changed
of
incorporation
for
applied to
this purpose amounting
to
$8,986,209,
a
picture
a
sale
the
of
.
are
authorized
shares
of
stock
common
Net
.
to
—V.
therefor by L. H.
of the company, and
decalcomania
principally
and
allied
in
engaged
products.
and substances.
succeeded
decalcomania
'
>
;
-
$152,877
738
983
33,086
8,440
$152,088
$153,858
72,793
33,378
$24,646
$79,295
$120,481
to
were
ihe'business
of
manufactured
of
new
the
partnership.
almost
uses
and
UNDERWRITERS—The names of the underwriters
of shares to be purchased, by
eacfa are as follows;
exclusively
styles
and
Paul H.
Davis
the
Laurence
The Wisconsin Co.
M.
Marks
.
,
&
Co.
6,000
:
5,000
Watling, Lerchen & Co
5,000
and
,
!■
1286.
company
on
New York—Files With SEC
July 8 filed a letter of
notification with the SEC
Nevada.;
x
'
*
-
•
Monongahela Ry.- -Earnings—
: •
>
railway—
May—
Gross
•Net
Net
from
from
Net
income—
Net
ry.
2,117,423
railwayrailway
oper.
1943
$539,666
315,127
132,642
294,422
114,437
2,444,171
1,141,373
296,718
2,876
1944
$581,942
2,862,032
2,894,023
1,536,382
1,625,390
698,362
'
;
from
from
1945
$448,453
187,828
31,596
"
$264,252
89,103
oper.
ry.
1946
.
railway—.
From Jan. 1—
843,596
141,055
income—
^V. 163, p. 3140.
Montgomery
:
_
634,178
-;i£Y
Ctou,: "Hathoro,
£onstructioft
Pa.—Files
With SEC—
The
on July 5 filed a letter of
shares of class A stock (par $1).
company
for 100,000
notification with the SEC
Securities will be offered
in States of Delaware, Pennsylvania, New. Jersey and New York.
Price, $3 per share. Proceeds will
•be used for construction equipment, building materials and labor, put.chase of additional ground; and working capital.
through registered brokers and dealers
Mountain States Telephone &
•
Period End. May 31—
Operating
revenues
Uncollectible oper. rev.
Operating
.'Operating
Operating
Net
Net
—v.
:
$26,254
income
162, p.
Telegraph Co—Earns.
1946—Month—1945
1946—5 Mos.—1945
$4,498,392 $3,889,892 $21,740,590 $19,289,640
8,789
6,222
47,645
33,473
revenues.
expenses
$4,489,603
-
taxes
oper.
income—
income
163, p. 3288.
$1,048,599
Y?
$3,883,670 $21,692,945 $19,256,16®
3,477,190
-2,583,079
CY36,188 Yc 863,761
6,000
I. M. Simon &t Co.
6,000
deduct..
number
No. of sh§.
6,000
& Co.
_____
_______
other
preferred, 100 shares class A common and 20 shares of class B com*
at $101.20 per unit.. Proceeds will be used to acquire leases and
options upon mining properties of proven worth in California, Arizona
sew¬
has
decal-
of
'•
No. of shs."
Kebbon, McCormick & Co.- 28,000
„Glore, Forgan & Co.
10,000
Smith, Barney & Co.
10,000
White, Weld & Co.
10,000
: Lee Higginson Corp.
J 8,000
$37,101
10,847
;
bicycles,-carriages, farm implements, musical instruments, and
machines. Prom that time on the growth of the company
Inc
$151,350
144
•mori
was
Becker & Co.,
$32,943
1,500 shares cumulative convertible preferred stock (par $100
150,000 shares class A non-voting common stock (par 1 cent) and
•30,000 shares of class B voting common stock (par 1 cent).
Under¬
writers, Robert H. Malcolm, Earl M. Turner and Frederick M. HarriA
all of New York.
Shares are to be offered in units of one share ot
the
Eurppe; principally in England and Germany. The American market
therefore, was supplied from such foreign sources. By 1899'The MejnerCo, was in a position to compete with--foreign manufacturers
and became a
large supplier of decalcomania to the manufacturers
G.
$755,870
602,993
Modern Development Co.,
decal-
A
cord
A.
616,043
income
and
The
stock will
common
m
-of
$767,392
•for
incorporated in Illinois, Dec. 31, <1896, for,the
continuing a business which had been founded several
1896
$190,335
157,892
$36,974
128
taxes—
income
oper.
Gross
Int.
y«a,rs ».earlier as a Partnership doing business under the fir.m name
£
*Jhe Meyercord Co.," which name was taken.over and carried .on
Prior
and
1946—12 Mos.—1945
$202,704
165,730
revenues
exp.
Other income
are
of subscriptions
exercise
or
by the company when it
1946—3 Mos.—1945
Period End. March 31—
Oper.
Outstanding
•365,000.
design which may be transferred from specially
and permanently affixed to china, glass, wood, plastics,
company
purpose
of
income-
oper.
Operating
shares of common stock now
presently authorized but unissued.
BUSINESS-^Company is
and
.
V
Gross
is.
O.
Representing a 47.7% increase over last year, new life Insurance
sales through May amounted to $98,935,873.t-V. 163, p. 907.
•.
Missouri Edison Co.—Earnings—
,
of
upon
steady and the introduction
rcomania has been regular.
$289,973.
725,640
284,923
140,458
-
163, p. 3140.
-W.
100,000
been
by
gain of
ry.
railway:.—
"from
Net
was
500,000
the
shares
15,000
issuance
prepared paper
and other materials
"
department.
943,006
373,949
171,278
1,588,475
„
number of
the authorized
Authorized
include
100,000
additional
The
purchased
822,113
273,599
117,306
railway
from
Net
Net
the
_____
dividends
to carry
may be
as
ing
•
income—
oper.
directors.
shareholders held
meeting of the
a
to
other things,
comania is
10.
$62,618,450,
paid-up
together
stock to
$1,335,089)
shares
30,000
stock ($5 par)
HISTORY
life insurance in force at June 1, this company
months'
time
manufacture
Massachusetts Mutual Life Insurance Co.—Report-^"Wlth $2,341,687,239
ry.
railway
railway
from
Net
be 380,000.
Chill.
,
made
of
Knopf and H. C. Castle,, directors .and officers
upon issuance thereof the outstanding shares of
Martin-converted,
-
from
Gross
will be added to the general corporate funds
receivables
•These .shares
■reserved
*-v
new
sale
...
stock¬
•
-
the
the
amendment
among
Common
c
Actively in operation on its extensive air routes at the present time
are
653,528
142,801
42,274
1946
Net
>
(approximately
proceeds
of
•
on. its
routes
on
lines
operate
soon
controlled
and
service
1943
$141,211
46,033
21,660
May—
Bank of Chicago, Chicago. Registrar,
May 20,
adopted,
shares
of common stock from 25,000 shares (no par) to 500.000 shares ($5
par), and reclassified each of the then issued 25,000 shares (including
47.7 shares held in the treasury) into 10 shares of common stocks
($5 par). The capitalization as adjusted
to give effect to a stock
"distribution of 3,716.3 shared of common, stock (ho par) made on
,April 1, ,1946, to the amendment to the articles of incorporation
adopted May 20, 1946, to the sale of 477 treasury shares of common
'stocks ($5 par), to certain key (employees, to the issuance of 15,000
shares of common stock ($5 par), and to the issuance of the 100,000
.shares of common stocfa now pffered is as follows:
continent.
southern
100,000 shares
share.
Chicago.
net
CAPITALIZATION—At
1946,
%
.
offered
and used to maintain larger bank balances,
and
determined
Danta?,
Operating over more than 12,000 route miles in Brazil alone
domestic
•
_
Co.,
proceeds
inventories
The Cruzeiro do Sul air lines Is the largest South American oper¬
ator, carrying more passengers, mail and cargo than any other line
;
..
,
Trust
the company
line.
weeks ago.
1944
$193,151
81,248
37,501
-
•
stock ($5 par) at $15 per
ployees (at $5 per share)
of a post-war, twin-engine air liner
,to be made by an American manufacturer, the first har£n? been com¬
pleted by the Martin organization with the Dodero Airline interests
•lour
mining
for
respectively president and vicepresident (at $13.65 per share being the same price which the under¬
writers are to pay the company for the shares now offered) and the
•proceeds of the sale of 477 shares of common stock to certain em¬
second export sale
is the
This
<
>
•
•
June 20
on
L. H. Knopf and H. C. Castle,
Servicos Aereos Cruizeiro
line,
and
Stock Offered—Kebbon, McCormick
—
Agent, First National
PURPOSE—The
■with
-offered.
Brazilian air
'•
-
•
-
common
Northern
'(Glenn L.) Martin Co.—Receives Brazilian Contract—
The
work
exploratory
property,
Co. and associates
&
common
'
$129,045
26,574
7,801
1945
$151,848
34,214
12,111
income__,
*374,246
p. 2995.
oper.
.
5,972,398
2,029,688
From Jan. 1—
.which,
Bee John B. Stetson Co. below.—V, 140, P. 4073.
/
mining
ry,
; cj
6,019,190
1,531,970
724,476
6,353,215
1,614,395
765,914
5,614,813
127,174
railway
railway
•Deficit,—V. 163,
r
Gross
a
W"
a
from
from
1943
$1,136,750
329,457
259,474
$1,172,108
249,199
95,744
'
Prom Jan, 1—
the SEC
of common.
Meyercord Co.
177,750
$14,400
-
—
of
machinery.
$839,491
$465,294
30,338
1,090,479
Transfer
♦
shares
750,000
$1,318,683
326,613
171,118
Mississippi Central RR.—Earnings—
June 24 filed a letter of notification with
company on
Offering price is 20 cents a share!
Underwriter, E. J. Gibson & Co., Spokane.
Proceeds will be used for
for
111,731
(Dr)__
rents
railway.—
1944'
1945
1946
$936,993
*105,802
*158,971
-
from
from
Net
Drl81,030
26,678
...
—
■/Taxes
Joint
;
Minneapolis & St. Louis Ry.—Earnings—
'
Wash.—Files With SEC-^
'
$8,889,701
$1,586,025
1,286,073
$.1,348,059
___
Spokane,
30, '45
$6,123,000
$8,156,000
3288.
p.
Net
1946—5 Mos.—1945
1946—Month—1945
Operating revenues
163,
Net
Metaline & Pine Creek Consol. Mining Co.,
•
$1,745,800
$2,328,500
Gross
company
5 Mos. Ended—
5 Wks. Ended
June 29. '46 June 30, '45 June 29, '46 June
to
Period End. May 31—
."
•
railway
Net ry. oper. income
1
-Earnings—
underwritten.
not
Gross
i-
Maine Central ilTt.-
is
Miles Shoe Inc.—Current Sales Rise—
1 filed a letter "of notification for $300,000
15-year serial debentures, to be publicly offered at $1,000 a unit.
Underwriters, First Trust Co.; of Lincoln, Neb.
Proceeds will be used
The
With SEC—
registration statement with the SEC
1,690,000 shares of 5-cent par non-assessable common.
Offering
price is 5 cents a share.
Proceeds will be used for mine development.
.—V.
•
compared to May of 1945.—V. 163,
for
$5,569,770 $37,864,900 $27,347,642
"
$7,961,400
3287.
p.
Messenger Corp., Auburn, Ind.—Files With SEC—
corporation, has pur¬
S.
—-ir—'
163,
80%
22,316, an increase of S0%
May—
\ '
Expands—
(R. H.) Macy & Co., Inc.—Unit
V The Davison-Paxon Co., an affiliate of this
chased Cullen's department store in Columbia,
the sale,were announced.—V. 163, p. 3287.;1
Sales
—V;
$24,783
14,429
-
the
3288.
p.
Sales
1946—5 Mos.—1945
*
$69,452
38,453
taxes
month of May, 1946, was $439,582, an
compared to May of 1945.
Revenue passengers car¬
for
revenue
Period—
Mercantile Stores Co., Inc.—June Sales Up 42.9%—
1946—Month—1945
before income
of
increase
98
29,586
239.274
458,781
profit after taxes
Operating
,
Period End. June 30—
miles
flown
Net
and have called a special
to vote on their recom-i
split of the common stock
ton
express
miles
Net
proposal
a
December,
1939, at the time of the merger with the J. F. McElwain Co., manu¬
facturer of the Thorn McAn men's and boys' shoes, when each share
of the old Melville no par common was exchanged for two shares of
new
$1 par common
(which is the presently outstanding common
stock) and one-tenth of a share of convertible preferred stock.
The directors on June 28 also declared the x-cgular quarterly divi¬
dend of $1 per share on the preferred stock and a quarterly dividend
of 50 cents per share on the common stock, both payable Aug. 1, 1946,
to holders of record July 19, 1946.—V. 163,; p. 3287.
.
v.
and
,
99.31%'
4,066,696
3,075,319
75.62%
6,831,278
76.14%
112
34,092
tons__
express
.
stockholders
to submit to
voted
June 28
on
two-for-one
a
The
l»y Willard W. Cole, President.
Mr. Cole also announced the flection
President
and Treasurer;
E. K. Boyce,
,
and
Main
meeting of the stockholders for Aug. 27,
mendationi
has been changed to Lytton's
announcement on June 27
The corporate name of Ringman, Inc.
Merchandising
York has
New
■
of
& Co.—Corporate Name
of
cumulative preferred stock. See
10.
164, p.
The directors
.-
Unit Changed—
<
Trust Co.
&
Melville Shoe Co.—Plans Stock Split-Up—
stock
common
Klotz,
P.
miles flown
Revenue passenger miles flown
Passenger load factorpassenger
Revenue
On July 5 a letter of
shares
H.
Bank
1945
1946.
99.86%
8,972,431
Operating efficiency
.Capacity
Agent for New York Stock Appointed—
Commercial National
appointed transfer agent for the 4*4%
With SEC-^*-
Airplane Corp., Dallas—Files
Luscombe
Transfer
The
!•..v.;;
■
Mid-Continent Airlines, Inc.—Operating StatisticsMonth of May—
.
1,322
358,322
12,643,720
4,415,99®
16,255,398
2,243,304
$436,830); $3,194,243 <' $2,190,442
311,763
1,542,728
2,030,157
r"'
'
'!
i
VJt
i
yolume 164
!
Miirpiiy
(G. C«)
Sales
1946—Month—-1945:
date are
possible
1946—6 Mos.—1945
-
ftre
compieted
The company
New; Orleans" Texas & Mexico- Ry.r
in June, 1940, had. 209 stores in operation, .compare^
With >208 in thei 'sjime month "last year.—V; 1613, J>« 3420. \
Twci
Mutual Lite Insurance Co# of New Yorkr—Elects
Second Vice-Presidents—*
^
Net
from
-
Net. ry«
►j
-
•
^
from
Gross
;; Clifford
to
the
B.
Reeves
position
of
Donald
Second
Net
,
,
,
...
from
Net
ry.
r -
464,879
263,781
1,974,231
^
p,.3141*.
for
98,054
4,852,626
3,109,648
1,522,458
New York Dock
unit of
(.P. & A.
-Will
share of
each.
be offered
lease
or
of the common
The balance
at. $5 per share.
purchase of ships, etc.
used: for hire, rent;
Issue not underwritten:
the
SEC
Lehman
for
150,000
Brothers.
1946, filed.
shares
Net
($1
par)
a;
stock.
funds,
164,
p.
Underwriters,
will be used to
company on June
for 28,960 shares of
SEC
filed
28
registration
a
New York Stocks, Inc.—Net
% f ££/:'?
statement
with
The
report for the six
$25,621,262
from
14,200
10,100
it
r
in
seems
*
.-•
:
■
*
Gross
will
to
go
the
that
^
:)%•.'*?'"a*
railwayrailway
from
ry.
Net
Jan.
from
—V.
selling
special
a
of
there
common
will
be
7,977,771
shares held in
■y The
into
the
three
shares
As
and
corporation
has
now
no
securities
stock and has no bank loans.
directors recently voted a
regular
The
cents
share
a
equivalent, to
an
extra
and
extra
an
regular
a
dividend
outstanding
will be
by
additional
reason
shares
tba, sogte;
determination
—V.
163,
of
to
the
on
cents
25
2,086,304
835,450
391,638
which
cents
a
stockholders of record
at
163,
for.
to
.
Net
of
■■
on
$
1946—5 Mos.—1945
now
p.
has
111
President,
stores
July
on
$
v'
compared
open
19,546,129
114
a
3289.
year
18,079,092
in
Corp.,
2789.
plans,"
balance
sion
.
Program-^ V
oper.
rwy.
Railway
rev.——
exp.
op.
—
pay¬
Joint
accruals
tax
fac.
a
year
ago.
will
be
added
to
Int.
company
ago —V
163
>- "Considerable
Vice-President,
has
for its
2945.
v
.
Ground
has
made
announced in the
been
broken
for
In
the
Net
annual
new
Net
for the
69,710
1,136,703
1,940,986
42,023
5,688,237
$855,602
$5,830,092
9,034,934
'
^10,101: ^ 838,25A
$4,297,468
5,790,758 ®<139,098
?
3289.
1&46-
1945
,
1944
1943
.$82,336
$119,385
36,737
59,457
9,939
21,684
426,388
155,934
573,290
666,147
269,592
369,541
45,461
.92,850
147,566
$148,947 :
89,084
43,887
,
•
income,.
;
$94.56$
^
46,498
-
16,682
•
575,149
298,291
.1
107,374
in
a
"call for
p.
large
11.
a
;
on
of
Ry.—Earnings—
large-scale
radio,
'
income
I
r
.........
$2,146,789
255,612
243,130
J
$1,058,608
$2,389,920
173,204
176,136
$2,213,784
79,063
75,316
250,000
income.'-
...l
income
$1,888,468
special meeting held
,
Northern Pacifie
-
-ffom
Net
from
Net
ry.
►
oper.
Net
income—
Jan.
From
Gross
railwayrailway-——
1,561,-755
s
866,768
•48,784,686
4,889,022
13,638,278
2,343,520'
,7,852,106
163,
p.
3141.
$7,233,270
\?
The
-
to
be
shares
company
50;000
for
and
determined
year
ding.
•
cumulative
by
a;
competitive
Net proceeds will
preferred at $110
a
company
28
June
on
filed
a
letter
of
notification
with
the l
shares
of. 25 cent par .lommon.
Offering price, $1 a
Kay L. Stoker, Salt Lake- City.
Frooeeds win
securing title and testing of
newly acquired placer
other expenses.
EXCHANGE OFFER TO. HOLDERS
18,892,350
8,611,101
bidding.
stock.
stock will be
upon
19,672;558
16,000
11,666,007
writer
WARRANTS
OF
FOR—The
prospectus
be used
shares
covers
COMMON
STOCK
31,000 shares of
the basis of
two warrants with
THERE¬
issuable
purchase warrants.
through the under¬
common
the exercise of the 31,000 common stock
of such warrants are proposed to be sold
on
,
ISSUABLE
stock,
each share of 6%
cumulative
15,000 of the warrants will be sold to the under¬
The total price to the publip of the 31,000
stock if all of said warrants are exercised will-
of
common
from
a
minimum of $62,000 to a maximum of $310,000.
,
v;
PURPOSE-*-The purpose of the issue of the 8,000 shares of 6 % cumu¬
are
preferred stock and the 31,000 common stock
is to provide funds for the construction of a
lative
rants
the
purchase of necessary machinery, etc.,
BUSINESS—The company, a New Jersey
cipal
subsidiary,
cessors
to
redeem-unexchanged shares of old
share.—V. 164, p. 11.
AND
writer for its: own account.
Holders
offered
STOCK—
•
-
54,564,274
Underwriters
PREFERENCE
stock the
-
(Minn.)—Registers With
preferred
4%
OF
privilege of exchanging their shares at the rat®
of 10 shares of such stock ($10 par), together with all dividends accrued
thereon, for one share of 6% cumulative preferred stock ($100 par).
The right to - exchange is conditioned upon the holders of not less
than 70% of the outstanding shares of 4% preference stock accepting'
the offer on or before July 11.
-
registration; statement with the SEC
cumulative
preferred
the
'
Company is offering to the holders cf its outstanding shares of 4*
of company's $5
right to exchange
their shares for new preferred on a share-for-share basis
plus a cash
adjustment.
Shares of new preferred not issued in exchange will be
sold to underwriters at a price to be determined
by competitive bid¬
series
of
employees
preferred stock (par $100), and 16,000 common stock
purchase warrants was made July 3 by Butcher & Sherrerd.
The stock was offered in units, each unit con-»;
sisting of one share ol preferred and two common stock
purchase warrants, and was priced at $100.10 per unit, •'
preference
58,990,132. 61,639,349
Power Co,
June* 28 filed
of
'
,
Underwriter,
used
range
275,000
\>: *i\.
.
Paulsboro Manufacturing Co.—Preferred Stock Of-*:
fered—Public offering of 8.000 shares of 6% cumulative
-
SEC—
for
1
•
selling stockholders, to all salaried
subsidiaries.—V. 162, p. 2311.
preferred stock and
: The
company on
$2,054,621
.
the
share,
$9,367,286
>
States
$2,272,867
Pan American Mining and Developing Co., Salt Lake
City, Utah—Files With SEC— •
'
$7,646,373 $11,011,546
413,103
294,260
;
1,350,000
•
Northern
surplus...,,
company
SALE
oper.
and
for
and
1944 "
'
1943
$8,786,583 $13,233,614 $12,938,301 $11,397,850
368,169
3,690,790
4,154,181
4,310,987^
7,603
1,927,435
1,858,452
2,467,058
railway——
income—
from
Net ry.
fof common stock
880,681
on July 1 approved the
preferred shares, to be
r,"' j >
^ %
railway-^
?
$2,700,367
$2,482,121
427>5G0
427,509
.Ay-:^*»)< 1 # ..;•..n.i,.,,„ 1.
of
1,166,909-
$8,513,142 $11,892,227
1—
from
■
on June 23, filed a registration statement with the
232,500 shares ($1 par) capital stock. Underwriters, F. Eberstadt & Co., Inc.
Shares are outstanding and are being sold by 1ft
stockholder. Of the total 225,000 shares will be offered
publicly and
the remaining 7,500 shares are being offered
by A. L. Mailman, on®
Ry^—Earnings—
1946
1945:'?:Vf1'
May—
in,
Corp.—Preferred Stock Offered
creation
of
an
issue of 70,000
cumulative
issuable to series.—V. 163,,p. 342L -'
\
Gross
■
—
Registers With SEC—
•'The
proceeds' from- the sale are estimated at approximately.
$1,800,000.: Of this, $600,000 will be added to working- capital and
$1,200,000 advanced to the Illinois' Refrigerator Cat Co.,
a
newly
acquired subsidiary.
•
->
T
1
'
"
J
'
J
a
t>
696,396
requirements——...
163, p. 2731.
vThe
$6,951,387 $10,725,318
—Glore, Forgan & Co., on July 12 offered 36,000 shares
of $2 .cumulative convertible preferred stock
(no par)
ait $51.50 per share and dividend.
at
,
$3,178,51T
661,807 S-
SEC
be
stockholders
Brl6,68T
•
$3,362,174
.....
deductions
property
The
;
■
28,1946..^
163, p. 3141.
North American Car
'
■,
shares
$802,996
$806,341-
1,702,954.
Brl5,650
shares of capital stock, $1 par value, on the basis of
11.44
for ,1.
Pal Blade Corp., Ltd.
(Canada )i a wholly owned sub¬
sidiary, owns 8,400 shares of capital stock, $10 par value, of Pal
Blade Co., Inc„ equivalent to 96,096 shares of
capital stock, $1 par.
value, so that the number of shares of capital
stock, $1 par valuer
effectively, outstanding will be 674,960 shares.
: The directors also declared a
quarterly dividend of $2.86 per shar«'
of
capital stock, $10 par value, equivalent
to $0.25
per
share of
capital stock, $1 par value, to be outstanding upon
recapitalization.
The dividend is payable
July 10, 1946, to stockholders of record June
and
(bal.)
income—
2,743,000
1,582,635
The directors have recommended to stockholders a
plan of recapitali¬
pursuant to which the presently outstanding 67,400 shares of
capital stock, $10 par value, will be changed and reclassified into
.
appropria.
f" 914,70$
:
2,331,950
.
zation
expan-
radar
inc.—
appr..
7,043,374
6,375,335
*ji 763,697' ?:•> i 484,588
r ' 919,686
;
taxes
-Pal Blade Co.; Inc.r-rPlans Reclassification of Stock-
$1,443,482
$3,018,123
$6,935,875-'
Cr712,602. Cr4,015,602 Cr3,863,398
Or9,294 5 Dr82,338 - ^73,955"
__
l
...
state
1945
•
$16,019,165 $15,415,789
,
771,056
variety
Drl0,774
debt
1946
•
revenues
Declares $2.86- Dividend—
$5,725,189 $11,064,978 $29,016,980v
4,281,707 s 8,046,855 •: 22,081,105 r
income
Miscel.
dial
report
53,4474
1..
$885,403
fund,
■
buildings at Lewiston,-i
Maine, and Maiden, Mass., and for an
eight-story addition that will
double the capacity of the
Springfield, Mass., Central Office.
In 16
other locations additions to
existing, buildings are under: construction
7,567
$1,144,958
railway
Balance
—V.
the
(net)-
items
Skg. & res. fds.
$200,000,000 five-year
63rd
r
Co.—Earnings-—
taxes
Gross
\
v
announced
$264,212
CV549.558
income
on
—V.
;
progress has been
expansion program
,
$7,158,115
$6,557,268 $34,344,280 $32,449,361
__v" 4,876,454'
3,760,680
22,825,351
19,116,959
income
and
Income
general"
(net)—
rents
inc.
Total
the
*
,
103,019
19,511
,
'
1946—Month—1945
1946—5 Mos.—1945
$7,598,873 $13,320,138 $47,980,216 $67,357,369
< 6,387,120
7,594,949
36,915,238
38,340,389'
inc.—
Net rwy. oper.
Other
«A B. Harrell,
President, on June 28 stated in part:
"Although the company installed
nearly 169,000 telephones from
Jan. 1 to June 1, the
continuing, extremely high concurrent demand
for service left
80,325 unfilled applications for main
telephones.
The
net gain in telephones in
those five months was
112,229, exceeding
by far the gain in any calendar
year of our history and
constituting
the
major part of a
record
breaking 12-months gain of 174 463
dating from June l, 1945.
;
'
"During the- same-five months' telephone
calling was at a level
Substantially higher than during the
corresponding neriod of 1945 •>
Toll.calls, averaging 450,000 a day, were
higher by nearly 25%..;
Local calls averaged in excess of
8,750,000 a day, or about 14% more
than
; 10,412
—
Retirement reserve accruals.
Other income ' (net)"-','
.I—,,
$1,211,753
947,541
rev
Railway oper.
Equipment rents
p. 3289)..
■
$82,642
p. 2996.
General
.
May 31—
oper.
Net
High—Expan¬
,
$130,565
Preferred stock: dividend
Mr. Ward said,
used
equipment.—V. 164,
Railway
This
Record
$17,376
Maintenance
on*
Association—Output—
Progressing—A
139,096
$24,962
Income—
registration statement with the SEC
a
this- division."
capacitors 'are
Railway
par
New England Telephone &
Telegraph Co>—Net Gain
Installations
304,233
95,545
Operation
and President of his own company, the Micafrom which he has just resigned to take his new post.:
present
Period End.
is a decrease of 976,063 kwh., or
1.81%
below production of
54,028,071 kwh.
for
the
corresponding
month a year ago.'
-V*'.. f
Is reported at
501,248,000 ctf, ft., an increase'
Of 31,778,000 cu.
ft., or 6.77% above production of
469,470,000 cu ft
» the
corresponding month'» year ago.—V. 164; p, 148. ;
;
,
{>
v
$525,971
349,023
Oklahoma Natural Gas Co.—Earnings—•
capacitators,
Corp.,
"Our
electronic
For the week ended
July 5 this Association reports electric
output of
8,916,532 kwh.
This is an increase of
79,895 kwh., or 0.90% above
production of 8,836,637 kwh. for the
corresponding week a year ago
1
Gas output for the
July 5 week is reported at 90,549,000 cu.
ft., an
Increase of 705,000-. cu.
ft., or 0.78% above production of 89,844--000 cu. ft. in the
corresponding week a year ago.
1
For the month ended
June 30, 1946, the Association
reports electric
Pf, 53-052'0°8 kwh.
$575,133
oper.
SEC- for
New England Gas & Electric
644
,
25,048
12 Months Ended April 30—
11,623,783
Executive
Ward,
Balance- of
=
ry.
—V.J 163,
1946—6 Mos.—1945
that
from
Net
13,510,369
2,295,793
p.
Norfolk & Western
announced
with
;
62,550
p.
Net
$
2,684,660
Factors
Mica
$3,186,802 $19,635,542 $17,347,738
3
:
$526,615
709
Jan. 1—;
Gross, from railway-.^
v
3,875,858
July 8 filed
ison of
.
$3,658,142
Neisner,
$575,842
;
129
From
shares
H.
Mica
Lectric
Stock Dividend
shares» 8 cents (see V. 163,
1946—Month—1945
sales
Fred
1946—5 Mos.—1943
$105,103
y
$104,974
May—
•
from, railway.—
Net
from railway.
Net try, oper, income^.
Micamold
Neisner Brothers, Inc.—June Sales Up
14.79%—
Period End. June 30—
v
18,985
Gross
462,187"
appointment of George Wexler as Manager
Mica-Capacitor
Division, Holyoke, Mass,
Fori 18 years Mr, Wexler was with the
Corp. of Brooklyn, N. Y., manufacturer of a diversified line.
close
Bond Series shares J
Low-Priced Bond Series shares, 12
cents; on Speculative
Series shares, 9
cents; on Low-Priced Common Stock Series
shares 4>
;
vk \
1'
Oklahoma City*Ad&*Atoka Ry.—Earnings—
;
2,447,145
1,177,098
3,431,987
Commercial
Joseph
on
^-V 163^°342irSt MutUal
1"
$115,050
taxes
—V., 163,
Go;—Earnings-
Noma Electric Corp,—Plans Expansion— "
be
and
v
dlrecfcors recently declared the
following distributions to be
July 15 to stockholders of record June 30: On
cents;
i
''
144
v
Net- income
3289.
p.
85,000
able
National Securities & Research
Corp.—Distributions—
7
'
j
71,103'
-oper.
112,920
($2.50
par)
common
stock.
Underwriters,
Lee
Estimated net receipts of $1,165,000 will be applied:
to the prepayment in full of the
company's first mortgage note pay¬
dividendthe
.
.
able
\
1946—Month—1945
,
75
would
share
The
59,024
Higginson Corp.
A
;
%
revenues—,
.
expenses
257,932
2,574,749
1,132,840
277,622
Net
24,673,625 135,497,845 121,364,479
15,140,570
91,916,111
74,240,126
6,848,395
24,035,605
33,613,984
income-
oper.
•The company
than
of
100% stock dividend has been declared on the
common stock,
$2, payable Aug. 31 to holders of record
July 13.
.
Cash distributions of 25 cents
e&chr were made on this issue
April 1 and July l, this year.—V.
163, p. 2296.
„
j"
taxes
Operating
Operating
Newmarket Manufacturing Co.—Registers With SEC—
effected
National Pressure Cooker
Co.—400%
,
1
'
u
$115,194
revenues
Federal
including
other
stock.
new
.
?
^15,164
24,698,696 135,745,116 121,507,898
25,071
247,271
143,419-
income
—V.
for each share held; of record
on
July 9, 1946,
as:the? record date5
the
stockholders entitled to receive the additional
shares.
2996.
p.
75
share-
a
expenses
Operating
Net
through the issuance on Aug. 1, 1946,
additional shares to which stockholders will be
of
the split-up,
namely, a certificate for two
^ates for
entitled
share
a
be paid on
Aug. 1, 1946,
business on July 9, 1946.
-The split-up
of
''
Ohio- Belli Telephone
oper.
.
$408,652.
28,341,693
19,663,811
4,802,024
rev.
__
action
dividend
York:
28,387,174
45,481
corporate funds.—V. 161,
quarterly
quarterly dividend of
dividend of 25 cents
will
of
of this
outstanding,
treasury.
common
.
result
a
$455,.635
1946—Month—1945
Operating taxes
held
shares.
issued
on
Period End. May 31—
1946—Month—1945
1946—5 Mos.—1945
Operating revenues —v $7,173,279- $6,564,835 $34,413,990 $32,491,386
Uncollectible oper. rev.
,
Operating
revenues.
Operating expenses
common
stock
preferred
'
July 2, voted to in¬
stock from 3,000,000 shares to
10,000,000 shares and to
split up each presently authorized and
outstanding
share
new
1943
16,666
$
Corp.—Split-Up Voted—
meeting
New
1944
470,759
3289.
p.
Operating revenues
Uncollectible oper.
Net
at
for
•
RR.—^Earnings—
$428,881
,
1,667,029
New York Telephone
-
to
Ir:N.u
172,050
income—
oper.
163,
,
2,411,811
the
of
196,791
74,006
National Dairy Products Corp.—Registers With
SEC—
authorized
shares
1—
railway
railway
from
Net; ry.
from
number
1945
$277,524
38,767
29,216
income—
oper.
Frora
The company on June 27 filed a
registration statement with the SEC
for 300,000 shares of common
stock.
The stock is reserved for issu¬
ance
to key employees of the
company and its subsidiaries as pro¬
vided under the
company's employees' shares purchase plan.
Since
adoption of the plan in 1944, privileges to
purchase stock have been
granted for a total of
227,950 shares.
The privileges expire in May,
1954.—V. 163, p. 656.
stockholders,
-
operM rev.
>
Net
oper..
Net income,
■MV; 164,
^5c.'-3rV'*a'*-Kt
1946
Net
-
the
'i'h £f c
revenues
Operating
in number of shareholders
outstanding
considerable
a
Period End. May 31—
The
shares
■-
from
Gross
Brailsford
Co., .Chicago.... Proceeds
stockholder.—V. 162, p. 2821."
in
New York Susquehanna & Western
Moines, Iowa—Files
writers,
to $36,846,618;
and
May—
The company on July 1 filed a letter of notification with the SEC
for 1,200 shares ($1 par) common stock
being offered bv E. J. Lindhart, President of the corapanv.
Offering price, $41 a. share.
Under¬
National Distillers Products
s'1/
\
1
Operating
Operating
will have realized security profits to be distributed later
the report states.—V. 163; p. 2730.
V-\ ;
r
'*•«!.*
•
Net
Des
26,000
p.vl2.
r
probable
the year,
.
By-Products Inc.,
With SEC—
of
shows growth in total
V-rf
stocks series
Securities
*r National
to
3,093,873.
212,200 shares of
crease
'.
Assets Rise—
months ended May 31
net assets from
.
the
cumulative preferred stack ($100 par)
common stock ($1 par).
Underwriters, Stone &
Corp. and Bosworth, Chanute, Loughridge & Co.
Shares are
outstanding and are being sold by stockholders.
The
company was organized May 4, last, for purpose of manufacturing
alfalfa meal.
It acquired the properties, assets and business of the
Denver Alfalfa
Milling & Products Co. division of Ralston. Purina
Co. and Pecos Valley Alfalfa Mili Co.-—V.
163, p. 2730.
and
Webster
"*K
'
Operating
.
10.
'/■f--^0/^
^
The
registration statement with the SEC
a
be determined by
competitive bidding.
Tha
a recapitalization
plan of the company
preferred stock will be offered the right to
old
maximum
Uncollectible
Sales of-new life insurance by this company to the first six months
1946 amounted to $410,932,900, which is an increase of
$121,979,400,
42%,. as compared with the first six months of 1945, it was
announced on July 3.
'■
i
•Life insurance; in force with ;the New York. Life. June 30, 1946,
totaled $.8,265,000,000.—V.:
163; p.. 20.11.
-
National Alfalfa Dehydrating & Milling Co^—Registers
.With SEC—
O;-; ; ;.
,
149.
to
are
of
Period End. May 31—
of
registration-statement with
other
purchase new Douglas DC-6 airplanes.—V.
6, 1946,
for tba
p.
^
Registers; Witt*
—
common
with
proceeds,
July
kwh.
164,
Ohio Associated Telephone
Co^Earnings---
•
or
The company on June 28;
v' *
.
■
New York Life Insurance Co.—Sales Up 42%—
,
National Airlines, Inc., Miami, Flat.
i
1) upon four weeks': notice.—V; 163; p. 2444.
a
Proceeds will be
SEC—
.
T
The company has
a
shares
(5,000)
ended
for-share basis/ plus a cash
adjustment.
Estimated net proceeds of
$10,021,000 will be used with-other funds for redemption of $5,276,000
of first
mortgage 4% bonds, due 1970, at 105, and for redemptioa
9f unexchanged shares of pld preferred.—V. 162, p. 3078. 1
temporarily abandoned negotiations looking toward
refunding, of its outstanding first mortgage 4s, due 195L - The out¬
standing bonds 'are callable only- on a semi-annual interest date
„
week
with
40,217,000
Increase of 0.9%.—V.
an
connection with
holders
exchange
-
Co^-Refunding. Postponed^-
are in
in .which
726,276
'
the
compared
June 28 filed
on
Underwriters
offerings
2,218,401
The company, on July 8.; filed- a; letter :«f notification: With, the- SEO
for 800 shares of cumulative 5% preferred, non-voting, non-convertible
.(par $100) and 5,500 shares of common stock (par $5).
The 500
preferred shares and 500 common shares will be offered at $100 per
one
as
(Del.)—Weekly Output—
for
company
kwh.
$5,275,000 first mortgage bonds, due 1976; 26,000 shares ($100
cumulative preferred stock, and 110,000 shares of
$3 par com¬
mon. ;•
3,604,700
S
f
j
The company
;
425,871
-
par),
2,545,433
1,463,840
this
of
40,563,000
Northwestern Public Service
Co.—Registers With SEC
.
$745,981-
'
273,803
2,041,000
*
income^'
.,
Mutual Steamship Corp., New York.—Files With SEC
•
1943
$853,958
"
railwa-y^c.^'-
oper.
totaled
corresponding week last year,
1944
•
'-■■C-('0H •
Gros»vfromrailway..-,i.>" 3,704,489
4,417,420
Assistant to the President, and Mr; Woodward was research assistant
.to. the President.—V. 163,; p. 782.
'• '
V - »
<
y-
421,017
■
i Electric output
r.
>
Earnings—
'1945
429,047
From Jan. 1—
B. Woodward'.hav4; been'elected
Vice-President:
Mr. Reeves was formerly
and
income—,
V
$840,596
•railway^iui.«'.-j<y352,289
ope^r.
'
'1946''1
$723,121
railway
Northern States Power Co.
of which
95
164,( p: II.
283
v
the- earliest
total of 865 projects in 436 locations,
a
and;in;;fiervlce.''—'V,
$8;281,911 $48>380,417 $43,975(0281
:-i.\ $9,086,80ft
Approved! for .construction, at
already^ completed;;
©p:
Co.-^-June Sales. Increased 0.72;
Period End. June 30-^
i
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4507
to
facturing
?
beneficial
a
and
Sandura
business
selling
owner
of
Co.,
Inc.,
established
hard
75%
of
in
surface
the
a
corporation,
Delaware
1923
floor
common
for
plant
of
the,
its prin¬
and
purpose
war¬
and
corporation,
the
coverings.
stock
purchase
are
of
Sandura
suc¬
manu¬
is
th®
and
the
Company
THE COMMERCIAL & FINANCIAL CHRONICLE
284
Monday,vjuly 15,1946
1
(Mass.), owns 25%
£t°The0productUSradealt
in'by the
•Sandura,
base
it
since
floor
.
..
•
organized in 1935, has dealt' chjefly.In _ felt
It functions ^as a sales organization,
it by the company and by Bird.
was
the companv
products.
covering
Into
Offered—Smith, Bar¬
Corp.—^Preferred Stock
accordance.with specifica¬
tions, patterns, designed and styles originated by Sandura.
In 1942,
the principal types of products sold by it, expressed in percentages o
total dollar sales, were: felt base rugs and yard goods, 72.83 %, Kolorflote, 18.33%; rug border, 7.28%, and miscellaneous, 1.56 %.
In tne
same
year Bird
manufactured 81.5% and the company 18.5%, ex¬
pressed in dollars, of the products sold by Sandura. , ;
without
and utilized from time to time as the board of directors
Preferred
stock, cumul. (par $100. 250,OQO shs.
stock
:
(par
$3)—-
1943,
Jan. .29,
of
The
facilities,
associates,
has
additional
steel
future.
as
a
Works
Portsmouth
constitute
production
of
integrated
finished wirf
an
certain
except
raw
indicated
as
by
the preceding sentence.
is
It
properties
possible
intention or plans
related
activities
in
present
any
or
that
future
to
acquire
the
developments will be
any
foreseeable
such that the
corporation
may
acquire additional properties although no represen¬
tation is made that any expansion will occur.
,
The major portion of the business which the
corporation expects t®
do Initially
will be pursuant to agreements with Kaiser-Frazer and
into! ia/
entered
known as the Ports¬
unit of Wheeling, and
properties
Initially the corporation will have steel slabs converted Into steel
sheets 'for- it by Wheeling. ' *
*,» Vj
•;
•
3-1'
Neither the corporation nor its promoter, Cyrus S. Eaton, or any or
his
-
1,372,143 Bhs.
; None
r
620,057 shs.
-
V-LOAN—Company, under date
the
operated
r
'
► t>\
100,000 shs.
3% %/ series ■ A„__>__
''
'
Common- stock (par- $3i2,500,000 shs.
.7
B
interruption.
and-rolling
•
Outstanding
Authorized
being
are
materials must be acquired from,
outside suppliers,
and have substantial additional capacity for thgi
production of semi-finished steel products. The Works lack finishing
CAPITALIZATION, GIVING EFFECT TO PRESENT FINANCING
contract in
manufactured under a
are
purchase
to
which
manufacturing operation for the
products and tie plates, although
marketing products manufactured for
These
Works
J it expects to consummate such agreement and to continue operations
determine,
may
agreement
an
mouth
& Co. on July 10 offered 100,000 shares of preferred
stock, 3% % series A (par $100) at $101.50 per share,
plus dividends.
PURPOSE—The net proceeds will" be added to. the cash funds' of
ney
Sandura are.felt base
and rug border, for
company and
and floor coverings, felt base wall coverings,
principally in low-cost homes and apartments.
rugs
UBe
Philco
& Son,- tac.
the preferiea
the letter's preferred" stock; . Bird
of the-common stock and 51.2/6 of
2.6% ' of
of
owner
•
CAPITALIZATION, GIVING EFFECT TO PRESENT.
■ '•
„
;
=
''
Authorized
t
>■
0%
-20,000 shs.
k'?o?sSs^
-
?7'i2
j1£0,000 ^
;
under which the
banks extended to the company a revolving credit of $30,000,000 until
Jan.
1,
1946,
to provide
working capital in connection with war
production contracts.
Company agreed to pay interest at 2%% per
annum
on
amounts borrowed and a standby charge of y* of 1%
per
annum
on
the unused portion of the credit.
The agreements have
Outstanding
H'SSSch!
stock (par $100)
(par $10)—;
pfd.
cum.
4%- preference stock
Common stock <1c par)—•—-Common stock purchase warrants—..—.
credit
FINANCING
31,000
ja.ouu
been
to
CALENDAR YEARS
(Company and Sandura Co., Inc.)
1
INCOME ACCOUNT FOR
.
—
«
-
■
..
2,107,499
1HC dT*iQ
r*n/»
cnn
HOC
"::
until
July
all of
which
OM
as
working
capital
banks
Graham-Paige and
sale
;
corporation had
1946,
borrowed
Other income 1-
;^:,Jft7,899
$388,191
109,257
138,427
97,295
$284,942
Federal
normal
tax
surtax—
and
n'
Other
*
taxes
complete
applic. to minor, interests. ;
32,389
47,699
applic.
inc.
65,201
131,548
85,174
Net inc.
to
Paulsboro
1
163, p. 1871.
—
*
'
1
<
.
Penn Mutual Life Insurance Co.—flfew Trustee—
:
tfr. Alvin
•
the war the company was engaged in the manufacture
.purchase, and in the sale, of home-and automobile radio receiving
radio-phonographs and record players which are" built or oper¬
ated in combination with
such home receiving sets, household elec¬
tric refrigerators, single-room air conditioning units, storage batteries,
dry cell batteries, radio
receiving tubes, parts and accessories for
such products and miscellaneous and sundry other products.
When
production of civilian radio receiving sets was-stopped by Govern¬
ment regulation
in the spring of 1942, the company had been for
12
consecutive. years the
largest producer in the United States of
radio receiving sets of the types in general public use.
Up to that
time it had sold approximately 17,500,000 such
sets/ Including ap¬
3,257
$179,247
\
;
,
Vice-President of Stanford University, Callf.r
of the country's outstanding educational leaders, whose-, impres-*
record
of
wartime
service
includes
top-ranking administrative
advisory posts with military and civilian Government agencies,
one
sive
C.
Eurich.
proximately 4,185,000 automobile
Prior
•
and
has been elected
trustee of this
a
company.—-V. 163; P. 3421;
to
the
,;:
The
Period End. June 30—
Sales
to
mechanical
in
is
it
reasons
companies
arrange
for
service
by
Mfcy—
" '
•
'■L
'
r-■
G«fcs
from
Net
ry.
railway...
railway
income..
from
Net
^
1946
'~-:$
*3,795,863
Net
frcm
T
94,559,162
105,585,910 116,110,707
:p.^.
REGIONAL
OF
r:::-
-
*
-Period End^May 31—
1946—Month—1945
$
Structures
15,824,491
76,701,372
76,491,694
1,481,385
1,100,156
6,508,384
5,161,541
exps—_
29,426,552
exps.—
oper.
General
Net
14,743,690
....
1,369,272
expenses
ry.
*3,880,338
op.
22,231,138'
14,223,164
1,414,000
1,006,334
1,091,256
5,505,321
1,174,073
1,182,224
6,423,432
1,454,031
213,303
886,738
taxes..
income.
oper,
5,101,899
*7,956,672
7,068,000,
'
13,418,782
March 15, 30
15, 30 cents each,
cents;
June
15.
40
cents;
dent.
and
and Sept.
—V.
the
C.
the
on
plant
said Fred
$1,000,000
new
construction:
insecticide
is
caustic
Willamette
expected
soda
River
in
President
Shaneman,
be
of
to
~
p.
15
DDT
insecticides
for
work
and
in
west
chlorine
agricultural
machinery and fixtures and for
underwritten.—V. 163, p. 3421.
Mr.
within
Washington
12
and household
inventories.
■
output
of
the
company
W/e?.!?ded ?uly 8. 1946, amounted to
of
V.
.•
164,
p, %
kwh.,
149*
or
5.6%,
from
<
the
and
its
the
to
of
the
V.
163, p.
Aug..
bonds
outstanding
1,
at
500
500
V Issue
results
field
radio
to
receivers
television
and
and
announced
ready
by John Ballantyne, Presi¬
grant non-exclusive licenses to
to
Ballantyne said.
Mr.
concerns,
between Philco and the Radio Corp.
general patent license
of
almost
of
radio
20
and
issued by our
develop¬
research
Wheeling, estimated to aggregate approximately 93,000
Wheeling has agreed to grant to the corporation, without
tons.
patents
1946,
either
week
made upon presentation
of
two
the
not
a
of
5
of
'
chemicals
stated
The
the
capitalization
the corporation
of
;
..
.
v
_
(par $1)
.
.
Authorized
v
—
-
*2,500,000 shs.
V ;V
•
Outstanding;
11,327,500shs*;
•Subsequent to June 4, 1946, amended articles of incorporation wera.
of common stock from 2,500tin addition/Elmer A. Schwartz, President of the
corporation, has. subscribed for 15,000 shares.
adopted increasing the number of shares
shares to 2,500,000.
/
,
adjusted
effect to the issue of the shares oi common stock now offered
sale of 300,000 shares of common stock to Kaiser-Frazer and
Common stock
PURPOSE—The net proceeds to be
sale of the shares offered hereby
of
Asplundh,
products would
Operations -were resumed about
production,
July.
some
on
tal
Steel. Corpw—Stocks Offered—Otis & Co.
June 26 offered 1,025,000 shares of common
(par $1) at $10 per ; share. * These securities are
as a
speculation.
&
"
additional
estimated
for
the
the
shares
1,025,000
common
stock
in
cash
The
and
to
for
over
an
a
repairs,
in
corporation
have
its
in cash. Elmer A.
15,000 shares
three years.
offered
-
common
capital improvements, and will
be applied
to the carrying of> inventories and receivables
the corporation's manufacturing operations.
part
with
in.
transfer agent for the,
National Bank of Cleveland and the. registrar,
AND REGISTRAR—The
stock is Central
is The National City
Schwartz,
at
$10
Bank of Cleveland/..
Transfer of Properties
Effected—
per
has
payable
President,
share,
President of this corporation, on July 1 handed,
a check
for $12,000,000 to representatives of Wheeling Steel Corpora¬
tion
and ownership of the
Portsmouth Ohio Steel Works and the
Emperor Coal Co, passed from Wheeling Steel to Portsmouth Steel,
Upon completion of the payment Mr; Schwartz issued the following,
statement:
"As Portsmouth
Steel formally takes title to the Ports¬
mouth ^ Works,
operations are proceeding
full blast with business
booked for three years ahead.—-V. 164, p. 13.
Elmer A, Schwartz,
New Vice-President—
Z
to-cohduct
its
principal place of business
manufacturing
near
operations
Portsmouth,
the present Portsmouth Works of
:
*
Ohio.
It*
Wheeling
H
;,v
manufacture and sale of >;
including ingots, slabs, sheet bars, tie plate and wire
products. In addition, it proposes to sell steel sheets to Kaiser-Frazer
and Graham-Paige and to produce and sell furnace
coke, foundry coke
and by-products.
.-' v
v,
"
products
..
.
Appointment of Harold J. Ruttenberg, nationally known steel-labor
economist, to the Vice Presidency, was announced on July 9 by E. A.
Schwartz, President.
■'
•
, ■' "»
■"
Research director of the United Steel workers of America (CIO) since
that organization's inception in 1936, Mr. Ruttenberg served as assis¬
tant director of the War Production Board's Steel Division during the
war.
He was also a member of the Steel Commission
of the war
Labor Board.—V. 164, p. 13.
*
• '
' *
' /
-
..
,
The
and the
-
Kaiser-Frazer;
The-corporation proposes to engage in the
and surrender
Such additional working capital
'
intends
has contracted to purchase
Steel Corp.-;.- •
;
steel
and
maintenance
substantial
TRANSFER AGENT
was
now
additional
period of
$4,200,000.
'
BUSINESS-^Corporatioil
of
at
remaining proceeds will be
available, pending specific application
for general corporate purposes,
including expenditures for,
Corp. has agreed to purchase 200,000 shares and Graham-Paige Motors
Corp. has agreed to purchase 100,000 shares directly from the cor-•
1945.
proceeds
net
thereof,
'
.
received by the corporation from,
will be approximtely $9,075,475.
to be received from the sale of 300,000
shares to Kaiser-Frazer and Graham-Paige will be $3,000,000. . The
amount of $12,000,000 is to be used to acquire substantially all of
the real and personal properties of the Portsmouth Works of Wheeling
Steel Corp., including the- outstanding capital stock of Emperor Coal
Co
inventories estimated at $4,000,000 and additional working capi¬
The
company's
Columbia
Chemical
should approach capacity produc¬
full
end
the
-the
at
that
until the
f ORGANIZATION
decrease f
places of payment stated above
the
CAPITALIZATION---The
and
on
offered
gold
will be
operate under
or
in
used
or
to give
13.
poration at $10 per share
3421.
on
company
and
of
years
television," Mr. Ballantyne said.
'formed under laws '
of Ohio, May 23, 1946. Corporation
presently has outstanding 2,500
shares
of common stock,
representing the intial sale of its voting
;. shares to Cyrus S. Eaton at $10 per share in cash. In addition to
subsidiaries
109,771,000 kwh.,
mortgage
rtdemption
estimated
corporation Relieves that there are no patents, patent
licenses or > sublicenses vital to the operation, of. the
Works, and that its proposed operations would not be,
materially affected by the failure to obtain any thereof. Wheeling ha*
also agreed to furnish the corporation with complete information con¬
cerning the operation of the property, and to cooperate with the cor-'
porution to the extent reasonably requested in connection with the
management and operation of the property for a period of three years
after the purchase date; the corporation has agreed to pay any direct
costs and expenses of Wheeling thereby incurred.
.
*.
Portsmouth
(Inc.)
stock
Power Co.—Calls 5^% Bonds
first
^
be
Portsmouth
late on June 30.
ash, caustic soda, chlorine,^ bicarbonate of soda, and rubber
pigments are the major products of the Columbia Chemical Division's
Ohio unit.—V. 163, p. -2732.
' ' • * '
'
«
bonds, SVz%
series
due 1972, have been called for
.on Aug.
1, 1946, at 105'%
and
interest.
Payment
will
be made at
the
Fidelity-Philadelphia j
Trust Co., trustee, 135 South Broad
St., Philadelphia, Pa., or at the
office of J. P. Morgan &
Co., Inc., 23 Wall Street, New York, N. Y. t
Immediate payment of the full redemption
price, plus accrued interest
first
the
reached
subscribed
of
to
applications therefor owned by Wheeling pertaining
operation of the Portsmouth Works. To the extent
that it has the power to do so, Wheeling has also agreed to grant
to the corporation a sublicense, or to cooperate with the corporation
in securing a sublicense, under any other such patents or applications
Soda
uses.
-
corresponding
at
is
to
'two weeks ago after a two-month strike;^
Strike-bound since May 1 the strike ended suddenly
;<
Philadelphia Electric
All
the
in
Asplundh
not be
units
Philadelphia Electric Co.;—Weekly Output—
electric
price
any
—
plant at Barberton, Ohio,
tion of most products within two weeks, according to E.^T.;
Vice-President in charge of the firm's chemical division.
improvements to buildings,'
additional
the
notice
upon
amount
purchase agreement the corporation has
to Wheeling designating July 1, 1946 as the
which the purchase is to be consummated.
which inventories are to be included in the pur¬
with
1,000
Piper, Jaffray & Hopwood
Division
plant
*
6,492,000
the
Production
,
for
ma¬
ore,
and
1,000
Pittsburgh Plate Glass Co.—Chemical Output-
Ptettibone Mulliken Corp., Chicago—Files With SEC—
used
caps
royalty payment or any other consideration, a license to
■.
Tfife company on July 2 filed a letter of notification with the; SEC
J,c'000 J?hares ($2& Par> capital stock, to be offered to the public
at $25 a share.
be
iron
including
molds,
inventories.
written
connection
will
usable
rolls,
net
,
Proceeds
capital stock of Emperor
at the sum of $25,000.
inventories (consisting of stores, raw
steel products by
will
Portland.
production
the
relating
it was
stands
electronic
and
is
163, p.
N.V '
,
1,000
importandife to the entire radio industry,
agreement just concluded
covers
- ' ,
outstanding
1,000
1,000
0c Co
'r"4
'
far
3290.
^
''
M. Dain
' *'>) "* 'V"1"
'4 ^
Graham-Paige* is as follows:
Pa.,
making a
163,
O. H, Walker & Co
; J.
1,000
Pioneer Finance Co., Detroit—Files With SEC—
Vice-President of the parent company.
/
The company's other two technical DDT
plants are at. Natrona,
apa Pittstown,:N. J.
Three of the eastern plants now are
variety of
also
underwritten.
and
wide
3,000
Deane & Seribner-
'f
1,000
1,000
The company on July 1 filed a letter of notification with the SEC
for 43,389 shares ($1 par) common stock.
Offering price, $2 a share.
Proceeds will be used for additional " working capital.
Issue Is not
•
•
with
phonographs,
America
ment
Portland, Ore., by the Pennsylvania Salt Manufacturing Co.
Washington,; it was announced recently.
It will be the third unit
producing technical DDT in Pennsalt's
nationwide chemical manufacturing facilities and will be installed
in
—V.
2,000
Yarnall &2,000
2,000
has licensed the Radio Corp. of America to use the
FM System and approximately 600 other Philco pa¬
inventions
radio
"The
of
built at
months,
• -
2,000
3,000
by Wheeling to be filled from
of its products will be offered
Price, Waterhouse & Co., independent public accountants, will con¬
clusively determine the dollar amount of Inventories to be included
in the purchase price on the foregoing bases. Appropriate adjustment
is to be made betweeen the corporation and Wheeling for any excess
or deficiency..
' >
'
•
The corporation has agreed to assume all obligations of Wheeling
under any leases,
licenses and agreements relating to the property
which are required to be transferred as necessary to its operation and
under certain enumerated contracts and commitments for the sale o£
2,000
Inc
products
the purchase date by Wheeling.
Thereafter, an engineering firm is to be employed to take a physical
count of all such inventories and on the basis of such count Messrs.
2,000
& Co.
wire
applications,
Philco
other
'
Flans New DDT Plant in Oregon—
The first plant for producing technical DDT in the
•'The
The
2,000
Stroud
various
purchase price
supplies
accordance
purchase date
Shares
Wurts, Dulles & Co
and
scrap,
delivered
chase
Spencer Trask & Co
5.000
^
and
therefor.
Advanced
and
electrical
52,295,293
\
follows:
under
In
5,000
Brothers
corporation
tents
The directors on July 3 declared a
quarterly dividend of 30 cents
per share on the $10 par \<alue capital stock, payable
Sept. 14 to
holders of record August 31.
This compares with 40 cents paid on
June 15, last, and 30 cents on March
15, 1946.
Payments in 1945
conjunction
:
'
'
Graham. Parsons & Co
' -V-!'i
the
in
tion to
to
number
the
5,000
step of far-reaching
a
Philco
"
.
and
E. H. Rollins & Sons Inc.-
3.000
this
Pennsylvania gait Mfg. Co.—30-Cent Dividend—
be
underwriters
Paine; Webber, Jackson &
--Curtis-^^w^—.
3,000
25,509,496
*7,114,358
; *Deficit;—V. 163/p. 3290.
and Dec,
or
5,000
Moseley & Co.
In
1,050,515
as
receiv¬
such
5,000
.
Corp
Janney & Co
4,146,865
retirement
Were
large
No. of
F. S.
5,883,085
1.223,672
/
in
Singer.
5,430,391
RR.
Equip, rents (Dr)„—231,036
Jt. Xacil. rents (2>r)—„
250,891
ry.
embodied
Baeon, Whipple & Co...
First of Michigan Corp.—
Hayden, Miller Si Co.
W, H. Newbold's Son & Co.
Newhard. Cook & Co
Penington, Colket & Co.-
94,314,645
Raflway taxes
Unemploy. ins. taxes—
Net
a
Licenses
from
rev.
will be
the
of
names
W. E. Button & Co.—_
34,490,729 159,941,891 173,508,946
1,306,295
7,639,956
6,725,940
1,421,170
8,257,060
7,806,806
1,548.125
this
to
in
Hcrnblower & Weeks
46,615,977
expenses
Transportation
Misc.
39,487,726
equip..
of
9,789,436
Due
Biddle, Whelen & Co
4,000
E. W. Clark & Co.^.——3.000
Clark. Dodge & Co.—3,000
Hemphill, Noyes & Co.—
3,000
*
,
86,163,413 312,759,553 410,625,549
8,878,417
Maintenance
Traffic
to
Merrill Lynch, Pierce,
'Fenner & Beane_—____
1946—5 Mos.—1945
'
which
own
Shares'
Lehman
J.
53,567,103
oper. revenues....
Nteint.
of
way
and
allocated
recently
Commission.
company believes that the patents owned by it
is licensed represent sufficient patent coverage
manufacture sets embodying frequency modulation.
Lee. Higginson
'
\\f
radio
it
Goldman, Sachs & Co..^__
Kidder, Peabody & Co
SYSTEM
(Excludes L. I. RR. and B. & E, RR.)
Ry.
automobile
the
Drexei Ac Co,5,000
Eastman. Dillon & Co
5,000
52,615,680 ' 42,662,392 ^30,874.374-
EARNINGS
frequencies
in
Smith. Barney & Co
12,000
Blyth & Co., Inc;.J^^_.- 5.000
409,841,381^414,582,497 387,937,642
*6,762,096
'
,
,
and
-No. of
14,497,355
N«^ ryv: i^er. ; Income^
as
of shares of preferred stock, series A, which each has agreed severally
to purchase from the
company are as follows:
"*
'
„
railway
^♦Deficit,
higher
work
„
Ptfom Jan. 1—
Gross irom vraUway-^ 312,097.365
home
of
Federal Communications
UNDERWRITERS—The
84,331,687
24,324,423 -29,770,391
9,529,224
14,706,120
13,465,189
*7,853,973
oper.
.'$
86,952,755
85,996,934
22,262,191
53.459.677
.
it
'
*'' 1943;
1944
sale
and
coal, coke and limestone,
stools, work in process and
semi-finished and finished products)
owned by Wheeling on the
purchase date in connection with the operation of the Portsmouth
Works arc to be included in
the purchase price at the lower
of Wheeling's book
cost or its then market value, except that
semi-finished and finished products are to be included at the
lower of Wheeling's
average March
and April, 1946 production
costs or current
market price less selling costs. It is estimated
that such inventories will aggregate approximately $4,000,000.
Working capital, consisting of cash, U. S. Government obli¬
gations at the market value on the purchase date and current
accounts receivable as may be agreed upon by the parties at face
amount less
reasonable reserves for doubtful accounts, is to be
included in an amount sufficient, with the foregoing properties
and inventories, to total $12,000,000v It is estimated
that such
working capital will amount to approximately $4,200,000, in addi¬
radio-phonograph combinations and television
and higher-priced
Many of the medium
equipped for reception of frequency modulation
circuits of its
which
enable
1945
the
made
issued hand
the
Active
has
It
slabs
ior delivery at the Portsmouth
coke, stirring rod billets, silicon
(Ky.) which operates a coal mine at Freeburn, Ky., is to
included
terials
sub¬
of
others
The
sets.
under
Pennsylvania RR,—Earnings-—
sale
war.
the
sheets
.
ii'"
*
of
All
be
introduce
i1'
"
-
Coal Co.
higher frequencies carried out dur¬
the company has developed new and advanced frequency
ing the war,
ing
plans to
(a)
products to Wheeling for delivery at, the Ports¬
addition, the corporation will initially make sales to
commitments
$3,775,000.
substantial portion of the company's gross
from
'
"
«
home.
research
modulation
and
steel
slabs,
of
which
Substantially all of the real and personal property com¬
prising Wheeling's Portsmouth Works, with certain'specified ex¬
clusions/are to
included^ in^ the purchase price at thesum of
receiving sets.
to th6" manufacture And
products as before
the
of
of
of
wire
In
various
steel
products
a
derived
'
electric
the
the
to
measure
However, they are always as near alphabetical
position as possible, •
'
"
returned
types
receiving- sets are
transmissions at the
always
not
alphabetical
exact
sets,
receivers
order.
.
be
will
receiving
'
;
additional
and
sale
consist
-ACQUISITION OF PROPERllES-—As a result of negotiations between
S.
Eaton, acting on behalf of the corporation,
and A. J.
President, acting on behalf of and pursuant to authority
conferred by the board of directors of Wheeling the corporation and'
Wheeling have entered into a purchase agreement dated June 6, 1946;
Pursuant thereto Wheeling has agreed to sell and the corporation, has
agreed to buy the following described properties for a consideration,
Of $12,000,000: :
~
X'i -
did not produce television receiving
to do so whenever it believes condi¬
company
prepared
'
same
introduced
revenues
'
,
NOTE-—For
-
possible
$
•
41,409,082 204,301,515 241,108,855
53,673,506
—
—V. 163, p. 3290.
$
$
the
is
opportunities offer.
It is anticipated that
1946—6 Mos.—1945
1046—Month—1945
$
also
it
has
company
stantially
(J. C.) Penney Co.—June Sales Increased 29.62%—
the
war
sets for sale, but
tions warrant.
radio
the
will
McFarland,
sets,
2,390
1,025
$97,590
_
(c)
agreement,
sale
Graham-Paige
this
Graham-Paige,
Wheeling in Steubenville, Ohio;
and delivered to the purchasers
Cyrus
or
'
the
and
and
by
the Portsmouth Works. Any balance
for sale-in the general market.'
v
-
Prior, to
86,587
■7
'
.
$141,184
56,009
Net income
Net
%
income.
on
$231,029
bars
(b)
mouth Works.
in
17,704
3,343
11,754"
________
and
corporation
converting
a
In general
Kaiser-Frazer
to
the
Kaiser-Frazer
sheet
for cur¬
$5,000,000 from various commercial
Company may from time to time borrow
purposes
,
to
for
Steubenville;
Works,
Wheeling.
sheets
to
HISTORY AND BUSINESS—Company ^as Incorporated Oct. 11, 1892
Pennsylvania as The Helios Electric Co.
In July, 1906, its name
was
changed to Philadelphia Storage Battery Co. and in January,
1940, to Philco Corp.
v-?
■'
$213,324
$384,847
$273,187
.--C—
rolled
at
'
Profit.
:
steel
be
pursuant
s'
<
.
of
will
29, 1946, and the credit has been reduced
had been borrowed.
The agreements may
July 8,
notes.
amounts.
Additional
^
of
90-day
on
banks,
of
group
a
-
addition,
rent
$2,677,263
1,685,627
'
.
In
1943 ::r;
$2,356,431
1,640,932
—
-
v
$2,200,691
discounts, etc—
less freight,
of sales
Cost
extended
$7,500,000,
with
(V-Loan)
t be further extended.
1944
.1945
•••
Sales,
agreement
corporation has not yet
commenced
operations. It has
entered
/Cnniiniio/l
nn
natfp
359,1
,
j
>
"*'V?xip.•'A'V.'j
J,•v.Lj*.c./'-..v%-■
tv%/;\
v*'1.•.*
•vi.
$$
H
m
6
H
SSB %
THE COMMERCIAL & FINANCIAL CHRONICLE
yolufne 164Number 4507
Stock and Bond Sales
DAILY
New York Stock
«»
WEEKLY
-
NOTION---Casb and deferred delivery salsu ars ilarefarded Ut the day's range, unless they
are the
only transections of the day. No account
United States Government Securities
Below
July 9
July 8
July 6
Dally Record of 0,1. Boni Priees
July 10
July 11
July 12
Daily Record of
[High
104.14
-i-T:''J low
104.14
[ Close
y
,
computing the
range
for the year.
Exchange
furnish a daily record of the transactions in Treasury bonds on the New York Stock Exchange
during the current week.
Figures after decimal point represent one or more 32d
of a point.
we
Xroasury
';4%s, 1947-8?
is taken of such sales in
the New York Stock
on
Exchange
YEARLY
-
U.
S.
Bond Prices
104.14
Total sales in $1,000 units
Treasury
(High
Low
>
—
Close
_
Total sales In $1,000 units—
—
■I
Total sales in $1,000 units
—
July 10
July 11
July 18
.[Close
...
'
July 9
fHigh
•{ Low
2%s, 1951-53
—
.
July 8
Low
[Close
Total sales In $1,000 units
5
July 6
fHlgb
2%a, Dec., 196T-1972.
-
fHlgb
{ Low
3S, 1951-55
\ Low
[Close
■%S, 1952-55
,
—
[close
-
—
Total sales in $1,000 units...
Total sales in $1,000 units
—
IHlgh
Low'
(High
Low
—
Close
Tstsl sales in $i,ooo units—
—
;
\
1%S, 1948-51
Total sales in $1,000 units
.
—-
—
fHlgb
,
Close
—w
.
8%s
Holiday
Low
[Close
-.1. ...i
m*~m
.
.m
...
f High
"
_
Low
(Close*
—
./-v.-*
2%s, Dec., 1959-1962
Total sales in $1,000 units.
2s,
High
2s, March 1948-50.
—
fHign
—
{
Low
[Close
Total sales in
—
fHigh
i Low
_■{ LOW
f rilgu
.
2s, June, 1949-1951
•
\ Low
—
fHigh
[Close
Total sales In $1,000 units
—
j
fHigh
Low
[Close
\
2s, Sept., 1949-1951
Total sales in $1,000 units
Low
[Close
—
Total sales in $1,000 units.
fHigh
:
A Low
1
2s, Dec.,
[Close
Total sales in $1,000 units
fHigh
i Low
[Close
1949-1951...
Total sales in $1,000 units
Is, March, 1950-1952
Close
in $1,000 units
j Low
(Close
Total sales in $1,000 units
fHigh
Low
2%r, 1956-58
fHlgb
.
IHlgh
Low
Total sales
[Close
Total sales in $1,000 units
—
[Close
-
[ Hlgi.
», Dec. 1948-50
Total sales in $1,000 units
2%S, 1949-53
1947—
Total sales in $1,000 units
\ Low
[Close
Total sales in $1,000 units
—
\
—
(High
Low
[Close
Close
Total sales in $1,000 units
Total sales in $1,000 units.
fHlgb
Holiday.
fHigh
l%s, 1962-67
{ Low
[Close
Total sales In $1,006 unitl*.*^...
^
^
2S, 1951-1953
'
■■
—
fHigh
1951-55.
BUT
.]
.....r
Total sales In $1,000 units
i
fHigh
Low
[Close
Low
Total sales in
$1,000 units
fHigh
.J Low
Low
(High,
IS. Dec..
Close
in $1,000 units
1952-54.
__
[Close
Total sales in $1,000 units
[High
1965-70
{
Low
[Close
1953-55
.{ Low
[Close
Total sales in $1,000 units
[High
«%■, 1966-71
/High
la
Total sales in $1,000 units
"
\Ciose
1%S
1948
j Low
...
[Close
Total sales in $1,000 units
Total sales in $1,000 units
fHigh
i—\ Low
(Close
■%s, June 1967-72
Total sales in $1,000 units
,
.
-
a%s, 1950
...
fHigh
•{ Low
[Close
1967-72
—
fHigh
-I Low
2%s, Sept.,
IHlgh
Close
Total sales in $1,000 units.;
Total sales
Low
[Close
Total sales, in $1,000 units
8%l
Low
[Close
Total sales in $1,000 units.
Low
[Close?
Holiday
.\
fHigh
t%$, 1963-1988
l%lr June, 1964-1969.
Low
fHign
\ Low
[Close
_
Total sales in $1,000 units
1948
fHigh
__j
Total sales In $1,000 units
[Close
2%s, 1960-65
[Close
Total sales in $1,000 units
fHigh
-I Low
2%S, 1958-63
[ Low
'
—
Total sales in $1,000 units
■%s, 1956-59
fHigh
2%s, June, 1959-62
j
8%s, 1951-54
2%l, 1950-52
Holiday
—
'
Total sales In $1,000 units
2%s,
1956-59-
Total sales In $1,000 units.
...
V[High
,,1,;
I,
Low
I,
Total sales in $1,000 units
[Close
....
•Odd lot sale.
^Registered bond transaction.
Total sales in $1,000 units
NEW YORK STOCK RECORD
LOW AND
Saturday
July 6 ■""*•
Monday
Sper share
$
share
per
72/
150
CLOSED
14%
;ft •■<:}
.
'
•
•,
,
20%
*"54
35%
'••••
:
V-
54%
.§■
130
<
8
8%
*42?;% 43
6%
•
;
61%
:
70
*107
*141
49%
y-
49
21%
21%
66
60%
35
34
35
14% .14%
53%
53%
>128
130
8
8
,
42
6%
6%
61%
70
-
62
-
70
42
70
58
113
♦24%
">!For footnotes
see
25
page
296.
24%
204
25
24%
205
25%
71
56%
♦111
24%
57%
113.
25%
205% 205%
*25
y
25%
•
48
.
2
15 y4
53%
130
53%
♦128
8
7%
6%
V- 60
6
s
53%
70
70
69%
55
56%
54
55
111
115
25%
205
25%
113
♦
-
25%
Aldens
2,600
900
2,800 '
'
'
—
25%
1,800
204%
1,600
25
25
1.200
.
Xnc
-
.
;
,
Allen Industries Inc
Allied Chemical di Dye
; r
5
-
Allied Kid Co
1
50
19
X50
1
Feb 25
.
35
Dec
21%
Deo
41% Jan 28
20% Feb
1
59% Apr 8
135
Mar 30
12% Feb 6
51% May 27
8% Jan 28
69% Jan 28
22%
Apr
34% Nov
17
Doc
21%
38%
Jan
56
98%
Jan
122
82
3
61% May 28
Jan 25
111
July
1
25% Mar 12
5
2
22% Jan
7
Jun
Deo
Deo
47%
7
185% Jan
25%
17%
Jan
68% Jan
8
114
13% Mar
3
No par
115
Jan
9% Jan
32%
8
Mar
60
3
5% Jan
Jan
111% Apr
18
May 28
52% Jan
38
105
21
$ per shart
24% Feb
31% Feb 26
v
Feb
Highest
f per share
68% Jun
122
Jan
9
7% July 12
:
Allegheny Corp.—
—-1';
5% % pf A with $30 war-—...100
02.50 prior conv preferred-No par
Algnny Lud Stl Corp——..,.—Wo par
Alleg & West Ry 6% gtd—
100
22.900,
200
;
Alaska Juneau Gold Min—^p—10
500
.
July 12
30% Feb 26
19% Feb 26
44y4 Jan
4
31% Apr. 24
14% July 9
ift
Air Reduction Ino———No par '
Alabama & Vlcksburg Ry..—,.100
6.100
25
205
26
800
84% May 13
116
Jan 24
May 13
169
13 %
Express
1
Adams-Millis Corp.—No Par
Address-Mutlgr Corp—.——10
Admiral Corp.
■——
.
2.50
Co
Year 1945
Lowest
I per share
61% Apr 12
Adams
4,800
69%
*111
-
•
1,800
:
130
7%' "
41 y4
6%
60%
41
6%
62%;
3.900
~
'
59
-43
106% July 11
112
Jan
2
.
20
33
14%
*42
•
Abbott Laboratories new *—No par
4% preferred——.100
Abraham & Straus,.—...
No par
50.
•
9 per share
700
33
Range Since January 1
Lowest
Highest "
EXCHANGE
3,700
14%
7%
,
21%
33%
53%
•••
NEW YORK STOCK
48%
61
20%
.
61%
21%
*59
Range for Previous
\
ACP-Brill Motors
1.100 i1 Acme «taai r.i%
59
*128
••
43
*70
48%
.
Par
2,900
*
13%- 14%
♦14%
6%
57
.
*42
••
14%-
*
140
33%
8%
62%
♦111
:
130
8%
,-.-r
•136
21%
,
53%
*128
6%
58
24%
*48
■>.
34%'
14%
61%
113
204
53-
..
6%
♦57
24
14%
.
62%
•111
204
1 49
49%
21%
58%
14%
>
106% 106%
141
t%'
^
Shares
72%' -73%
106% 107
141
14%
Sales for r
the Week
# per share
72%
150
21
\
72%
112
;
14%
Friday A
July 12
$ per thate
72%
58%
■
14%: 14%
*128
71%
112
14%
Thursday
July li
9 per than
150
14%
PBICES
Wednesday
July 10
*143
35%
54
*'
72%
SALE
*107
:
14%
49%
21
58%
*48%
:
,
71%
114
*143
EXCHANGE
J vershare
72%
*107-
STOCK
.•
Tuesday
July 9
July 8
-
HIGH
Jan
212 % Jun
V
28
18
29% Jan 28
Apr
9%
6% Jan
27
Dec
Deo
Deo
Deo
Nov
15%
Jan
2%
Jan
6%
Deo
84% Jan
60%
Jun
;
56
Jan
74
22%
Jan
42%
91
Jan
»
13% Jan
153 y4 Mar
15%
Jan
108
25%
194
24%
Dec
Dee
Deo
Dec
Deo
Dee
Dee
THE COMMERCIAL; & FINANCIAL CHRONICLE
Monday, July IS, 194$
NEW YORK STOCK RECORD
STOCKS
AND HIGH SALE PRICES
Tuesday
Wednesday
LOW
Monday
July 8
Saturday
July 6
I per
share
37%
31 Vz
37%
37%
EXCHANGE
57
CLOSED
*36%
38
10%
11%
65 y2
67
67'
t,jL%
50V2
,
16%
41%
15%
bl%
*48Va
'■"=%
82
49%
49%
*64
V 82V
48%
v
•
=
40%
♦ou^a
b i "2
*oo7d
br/s
23 Va
*23 Va
24
23%
*60%
23%
62
>61%
i
» :-/•
'11%
■;
11%
100
"
208
209
69
127%
32%
120%
157
131 *
119
32%
120 '
-
157
154%
157 •
*27%
28
27%
32 Ve
32%
120%" 121%
,*156
*66
71
67
*67"
27%
27%
107
9
8%
23%
25%
26%
9%
9%
9%
-
125%
125
125
37%
38
-
«-
37%
*
37%
57
*55
*113
"
34
36%
*105
27%
<
6%cony preferred......50
Amerada* Petrol Corp new
No Par
Amer Agricultural chemical.iVo par
54 % Apr
1
27.9C0
American
Airlines
15% Jun
10
1.^00
American
Bank
Feb
26
6%
40
400
Am
*
46
38%
1%
*115;
28
*107 V\ 108
*107%
108
s9
8%
8%
26%
26%
27
9%
87/a
9%
124%
124%
37%
37%
37 %
112%
112%
*111
119%
119
14%
X119
14%
15
*H3
118
*113
American
14%
American
15%
*15
37%
*15
15 %
36%
114%
115
35%
36%
35%
105%
105%
38%
40%
30%
164
20 %
20%
20%
20%
19%
180
39 Va
19%
*179
38%
40%
107%
American
39%
~4%%
.*28%
28%
Amer
r
50%
68%
68%
189%
189%
*44%
45,
*44%
66%
46%
46%
188
190
44%
*167
170
*167"
46 "
50
170
44%
F ly Co
&
6%
Co
San'y
Safety Razor
Seating Co
Ship Building Co
38 %
American
Stove
53
53%
51%
53
American
Sugar Refining
*151%
152%
151%
151%
Co
-'Preferred
151
;
Am Sumatra Tobacco
SALE PRICES
Wednesday
July 10
July 9
$ per share«
$ per share
$ per share
,
Frfdaw
Thursday
July 11 "
July 12
$ per share
,
t per share
"
95%
-
-
24%
*105% 107
-*105%
12%
*80
"
"
1
86
-
47%
54
54
57
58
58
113%
*112
61%
6iy4
24
24%
"
20
*18%
r>;'
113%
18% "18%
*18%,
*8%
8%
8%
8%
35%
17%
135%
169%
169%
136
>35%
169
169%
*57%
58%
113
26y*>
"">28%
149
121
56
*107%
27%
76%
*127f
76%
91
*30
.
124"
108%
'
129'
33?
♦145
10%
*59%
60
<
*140
-
10
*59%
60
111
-
"
22%
•
137
169% 169%
56 >.
57i%:
*109%
noy2
56
117i/a
121 '
1111/2
121% 121 y,
24%
25
117
75%
75 Vz
44
™
44
*85
49%
91
-49%.- 49"%
123
*121
122
109
*108%
10»
76J/a
128
^
32%
127
,
.128
*29
-
23%
.
155;
-
28%
26;
24l/a
155
32%
,
' *109% 111
136%
•
18^
27%;
147
.
58%
23%
148
150
"
•
32%r
• 9%
170
56'
28%;
*30%
;
'
150
*32%
'
1367/e
170
76
128
32%f
150
136%
169%
28%
.
22%
*142'
33%
9%
109
,
129'-
22%
150
33%
108%
77%
*29
22
152/
136i/a
16 Va
49%
28%
*127
-
'17%
25J/a
123:
27%
34%
18%
-
43%
45
*85
' 91'*
49%
76%
;
,
76%
22
>
.* 120V123:
109;
*145
48%
35%
17%
75%
45 "
8y8
351/4
35
,-25%.
25%
76%
8%
150
.
121'
*ei<
49%
28,.
27%
'*145
*53%
56
22%
l&ya
8%
25%
149
*42%
'
i
64%
23%
31
116
25
91
123
<
121% 121%
77%
48%
26-
115y4116%
45
*
*85
.
*53%
25%
*76%
*30
147%
*143
117%
121
*42%,
*
*109y8
150
: 23%
58%
*58
28%
28
150
146 %
23%
"
-
31
25%»
.
28'/a
*53%
116%
.
*29%
150
*143 %
17
*109%113
:
.
18%
169
>>30% >31
X63%
23%
35-
35-
135%
58%
'if. 64
135%
35
>16%
20
113%
20"
-
.
*113
*18%
VI
*109%
113%
62
23%
-8y4
165%
86
54
61%
•
58%
57%,.., 57%'
23%
.
164
24%
106%
48%
X54
23%
16%
58
48
54
57%
*112
56%
66%
120%
12%
!
—"61%
8%
8%
48"%
54
*105
60%
12%
*76
-
57%
171% 173%
17^-^71
'
86
;
48%
.
..
173%
121/4
12%
107
58%
617/r '
*80
67
24%,
*105
106%
173%
'
48%
55'A
47%
'
*112
>•'-
'23%
61»
*
-
66%
*119%
24%
106%
55%
47
"
119%
62-
57
•.
66%
119%
67%
121>>
24%
24 '
*169% 172
>12%
12%
$ *80 > 86
12%
-
173 y2
107"
>60%
94%
96%
174
97
174
*119%
198%
93%
95
94%
96%
56%
* """66
66%
*119% 121*
>$24%
25%
>.60%
63
> *169 >172
197%
199%
94%
97
174
174
<:•?.:
25
199
96
96'A
174
67
*119%- 121
-
....
>>'•>■•
95 Vz
173%
66%r
-
-
-
96
173
•
■>>>
95%
96
199% 199%
94%
94%
198% 199
94%
94%
198% 198%
32%
24
154'A
154%
154 V?.
-
154 Vz
10
33%
ioy«> >
59%
60
,
.
32 y8
9%
32%
,1Q%-
9,500
.6,200 i
4,000
For footnotes see page
296.
5
25% Jun
21
39% Mar
60% Mar
177
Feb
Baldwltr Bocomothre!: Works;
Baltimore; tt Ohlo>*-.>>—»
4 4k :prfcf
par
r—100
100
No par
4
4
14
43% Jun 27
160
Jan
8
39% Mar 13
28% Jan
37%
10
3
No
38%
53%
2
3
35% Jan
27% Jan
38%
3
3
26
No par
par
9
21
27 % Jan
No
53%
HIGH
Jun
4
24
95 % Feb
Amer Steel Foundries
38%-
Tuesday
179
American Stores
37%
IOW AND
-100
preferred
17% Jan
38%
60
*
10
100
.18.50
No par
No par
No par
88%Jan
45
38%
Monday
July 8
Jun
97% Jan
25
37"
151
41
No par
No par
'No par
100
38%
-
Jan
16% July
10% Jan
—100
Rolling Mill
preferred
82%
151%
par
33% Mnr
140
No par
37%
151%
32% Jun 20
100
No
36%
*52%
123
105% July 2
17
Feb 25
I
37%
52%
41%
100
Light
non-cum
14%
par
,
38%-
,153
Dec
No par
No par
33
-
Nov
15
No
Metais
"35%
35
103
!
Preferred
169
44
14%
par
American Snuff
44%
Dec
100
Amer Smelting & Refg
66%
189%
*166
45%
45
American
Dec
109
No* par
American
5oy8
108
Dec
58
J 00
conv
'*24%. '291/4
A189%
-
Nov
par
of 111
-Preferred
180
58%
69%
170"
Co
Rad <& Stand
103%
44%
45 %
Am
20
57%
-
-
Nov
No
preferred
preferred
107%
189%
*167
45%
<37%
Nov
40
Dec
preferred
&
News
Power
591%
108
68%
170
52%
40%
189%
44%
20%
*179
180
*44%
68%
189
¥%
X117%
1
Corp
preferred
American
Dec
Dec
American Molasses Co
Amer
M:
9%
50
Metals Co Ltd
6%
17%
19
'
10
109%
preferred
Amer
39%
46%
50%
28
No par
Locomotive
cum
18%
>49%
Jun
No
Invest
46
^!;$29:v:
>
32% Jan
108
19% Nov
par
Products
Mach
$5
49%
9
No par
preferred
3.90%
21%
17
Home
Amer
163
17%
*162
&
Amer Mach &
35%
105%
*105
7%
$6
29%
3"
No par
No
Internat
American
114%
17
$58.
103% Apr
stamped
Tiling
Ice
American
37%
38%
115
Amer
15%
114%
49%
100
preferred
6%non-cun»
118
15
17
106%
Co
Hide
conv
119%
15%
15%
6%
57
19'A
59%
29
3
9
34% Apr 22
83% Apr 20
67
July 9
*55%
46%
106%
Jan
July
24% Jan
1
14
59%
19
106%
64
67
in
10
Feb
*55%
46
' *58
3
150
10%
125
,
24% Jan
40% Jan
164% Jun
1
113%
58%
50
9
137% Feb 25
72% May 28
132% Mar 20
Leather
46%
19%
107
i.10
8
American
*162
40%
119
par
"5 "
10%
40
*179
__100
Juiy
July
10%
46%
40%
Mar
32
10%
125
34%
'
1
10%
126
29
CLOSED
17% Feb
106% Jan IS
210% Mar 29
56%
16%
180
'57% Mar 13
120'
No
*»-.
Foreign Power
19 %
39%
11% July 12
"90% Mar .13
10 '
196% Jan
10
115
STOCK
25
American Hawaiian SS Co
114%
EXCHANGE
Jan
49
126
*<
136
48%
114%
58%
July 6
•
$ per sharer
:
49%
125,%
Saturday
Mav 16
par
No
preferred
19%
*176%
par
__100
Inc
preferred.
Distilling
46
39%
Fdy—.No
preferred
Crystal Sugar
"19
180
&
Cable
&
$7 2d preferred A
$6 preferred
113
162
162
16%
$7
114V4
-».■
21
-
105%
39%
40%
160
,
prior preferred
Amer 81
9%
124"%
37%
*124
125%
*59%
14
Jan
20
American
Encaustic
„_.l
Amer European Secs__
No par
American Export Lines Inc new_l40
22%
25%
22%
Amer
112%
*151
Dec
14
129
preferred
4%%
74%
*21%
9
*22
35%
35%
*105
72%
74%
73%
Car
American
124%
"37%
88% Jun
100
Preferred called
69
111%
.
Dec
18
Colortype Co
124%
-
2
Jan
____25
noii-c'um
*44%
^
124%
111%
20%
20%
45%
71
11
30
.—100
Chicle
111%
*167
Sep
Dec
19% Apr 24
45% Jun 10
64% Apr
Corp
American
27%
*
Radio
&
conv
124%
68%
Jan
53% Jun
20% Mar 13
Can
Chain
5%
*27%
115%
'
*44%
78
1
50
...
American
*65
38%
35%
16%
19%
Xl87%
33
l
.
Dec
35
11%
57
Mar
.No par
Corp
preferred
American
Am
21
17
<-
preferred
21
Jun
39
tO
_
Brake; Shoe
5%%
40
79
50
Note,
American Bosch
1,100
1
new
Preferred
28
15
105%
160
$16%
106
56 %
Jan
American
71
15%
15
115%
3.9%
40%
161
39%
Dec
Jan"
500
Deo
Dec
3% Jan
43% May
1,200
shard
48 %
38%
300
per
36%
104%
23
.
Highest
i
'
Dec
12% Apr 25
75
Apr 25
91% May 29
Amer Cable
22
159%
*176
20% Jan
102%
62% May 31
4%%
118
*15'
38
"34%
34%
105%
19
Apr 25
39% May 27
158%
28
15%
115%
*105
46
63% May 27
107 % Feb
6
27% Aug
1
122
156
*67
15%
•*15
15%
116
*21%
30
5
69
122
15
*113"
118
15%
37 %
$•40
103
Jan
4
327/a
119 %
14"%
15%
"15
15 %
115
.
118%
118%
118
-<118%
*115%
62%
132%
28
39
i per share
8% Apr
127%
32%
57
10%
57
68%
57
10
36%
87%
23%
45% Feb
par
Amalgam Leather Co Inc
209
10%
10 Vo
~
23%
*131
*49
10
*15
*85%
*61
127%
75
49 %
"
40
26
Year 1945
share
47% Mar
31% Jan
Alpha Portland
12
99% 100;
49%
10%
49%
15
15%
39%
t
-87%
23%
2C9
113
49%
115
49
15%
132%
28
*111
113 '
*111
112
50%
118
83
*47
-62%
71
49%
*55
;40%.
40%
>,
9
23%
25%
27'/4
'9%
• 9%
125% 125%
37%'
37%
8%
23%
*123%
112
X83
Feb
t>"*
:Corp>.>.,>w>.iyo
33
per
1
200
11.000
71
70%
9
23 '
70 Vz
26
-
67
7,100
$
pat
4%preferred---.-.„*.^---.—.—100
Aliit»*cnaimers yMfg^^^Na pat
11%
107% 108
9%
25%
*60
16
*131
.
27%
107
23%
*9
*23%
>
/
27%
70
70%
70%
,
10%
62
127y2
32%
121%
157
>
27%
27%
*67 ~
67
72
,*68
37
10%
*85Va
23%
12
100'
100%;
207% 207%
*69 •.
69%
"
69
*127
127
'
56%
37
11%
"
69%
.
32
54%
11%
67
83%
48%
;
132%
*131
12
101"".
208
69
7
101%
100%
200
Sunea «u»re&
share
Lowest
•
11%
*206
127
•
132% 132%
132%
♦131
61-
61
62
107%
15%
.40%
41%
87%
*/<<
*40Vz
*106%
10%
*65
83%
48%
Range Since January 1
Lowest
Highest
Allied Mills Co
20,400
16
*85%
41
50%
82%
48%
15%
'
i«
51%
49%
106% 107
- 55%> 56%
36% 36%
37%
H'A
67
11
Range for Previous
STOCK
$ per
1,800
.
YORK
EXCHANGE
Shares
37%
51
*36%
11%
65%
*81
'
38
1*
t per share
37
-37%
50%;
*106% 107%
> 55%,' 57
'
57 Va-
,.
*37
50%
*106% 107%
06Va %86%r
107%
*106%
NEW
the Week
37%
37%
37%
51
52
49 %
STOCK
$ per share
t per share
share
I per
I per share
July 10
July 9
Sales for
Friday
July 12
Thursday
July H
17
2
49% Mar 13
Jan
8
47% Jan
8
147
Dec
Oct
Dec
Nov
THE COMMERCIAL & FINANCIAL CHRONICLE
NEV^ YGRIC STOCK: RECQRDt
LOW AND
Saturday*
Monday
'July 8
July 6
Tuesday
July 9
<'
*
.
$ per share
'
27.';
*85%
87
-
*26%
87
•
•
July 1ft
STOCKS
/'
$ per share
27%
*26%;;:
87'
87
j
27%'!
*85%,
87!
-
'
EXCHANGE'
55 Va
56%
55.%
55%.
55%
56%
CLOSED
38%
38 Va
37%
38%
38%
33
55.
55
*55'
56;
28%
28%
29.
*55'.
.
.
29%
v
*56%
58
*66%
67>/a
106.
22%.
107
42 >,
142 V;
15%* 26'
30r
'
32
42;
167
43%
30%
167.
167;
73;
43%
30%
1121/2
167
167 Va
74'
74-
42%,
28%
29;
28%
31%; '
56%:.
39%;
31%
32
567/a
>
56>
4
39%.
*54
in
26% " 26%
*
b-i *
*61
"
110%
69%
111
63
'
67
27%
•
43-
42%;
31% '
43
27%;
56
>
39
;.
54%
27%
26 Va,
61%
*110
68
X60
41%
42%
53%
537/a
41J/a;
53%
53%,
53%
*56*
-
58%
58
26*
25%
*89
*90
.
'
17 Va
18
47%
48'
1/3
58
17 Va
48%'
*3755
"
.
*
113%
34%.
39
34%
"
34%
*42 /
*107
34%-
*
*33%
23 %
23
127;
127
.
16%.
<•
*35%
23Va
17%
18%
18
96%
36%
97%.
97%
•36%
107!
36%
*103'A
107
42%
421/4
50%
2o%
26%
*108.
109
«
102
20%
■
20%
20%
12 Va
*ll7/e
11%
92%-
*91
36
36 'A
35%
108 <
7%
*107
7%
*28%
109%
-
29%
7%
36
36%.
7%
35
29
112
36
37
HIGH 8ALE
32%
32%
31%.
23
23
125
18%
42%
26
*107%
20%
-
97%
93
*98
37.
44 Va
44
36
9%
35
9%
7%
ao
-29-
112.
111%
37
35
.
54 'A
141%
54
*
56%.
*54
19%
*69Va,
54
20
18'A
59'A;
28%
29 »A
*57%
*166
107
140 'A
140%'
*137'A
141%
69%
18'A
*56'A
134J/4
*133
52
52.;
70
70
•
25%
16%
*15%
25'A
111%
13%,
•
28%
•
.
63 Va
64 j/2
;
*231/4
11% /
./••
•
11'
18%,. 18'A
13'A;
13%,
i2%*
12%.,
12%
21%
18 Va
....:
12 Va/
21
21%
11
w;;/ .11%;.
25% V 26%
63%.
10%,
25%
6i%,;
32%
33
For ,f ootnotes..see,.page. 296.
*57%
63%
•'
3.500
'
>
23%,
64Va v
It*
23%'?
64%,
10%
64%
llVtf
18%
is/;;
18 'A
•V-
14%/
14
1
15%
10'A.
r
26 'A s
9%-
.-
•32,
*57%
32.
57%.
*63
64
'
:
58%
/ *63
•
59%-*
32%
57%
63 'A
l'A
7
16
.
137
1.-.^—^.lOs'
May 21
34
Jan
Feb
56.,
55;
40'/a Mar 13
164;
par
Jun
183
26
20%
2d
preferred4^.JVo pa*
preferred^—^..;
•;
*
CentralBudson
Oentral lll
Jun
Oct
Dec
Mar
8
1
Jan
33% Nov
5'A Jan
35Va: Jan
13
Jan
;,
25.
152
?
10
161% Jan
Dec
71
Nov
3
23
20% Jan / 2
25'/2-Feb 26:
29;
*
116/
101'A May 27
/lfti?1 May
Jan
42'A Feb
26
51'A Jan
12.400
Certaln-teed
700
40
.
*
?
1,100
•
300
•
lR'A
•
-
C(ii
14%.
15%
,
-
»
•24%,;
.<
9%,
..¥r7.
62;
30%
■
z 8.300
." 11.800
x: :
56
58%. .?,?/'
30% i
31'
.
64/'/
?,
*/■
ds East
111
5,600
-3/000
v-ZV:
$3
.
conv
Apr
9% Jan
13'A July
9% Jan
.
'
J50
20^
cl
A__2ft
.T4i"
^N0 pur*,no par./
No
par,?
No.vat
24 %
i*
Nov
13% Nov
115% Feb
h
10%: Apr
Mar
7
Jan
Nov
28% Jan
108%
50%
Oct
.
Deo
16Va
Jan
21V4 Mar
_
17
26 Va Jan
14% Jan
•
Dec
33:./::,oct?
55
Dec
112
Nov
22
Dee
47% Mar
/
58%
Oct
15 %
28
26
Jun
Jan
6VsMar
12% Jun
141/2 July 11
8
2.
:
17 V4 Jan
25
33% Feb
16/
~5V»
24
Jan
Jan
12% Jun
34
Jun
15% July 1ft?
8j
38V2- Jan 29 >
ll'A July
July 12:
24 Vs. Oct.
28-
66%
43% Jan
17
25
76Va Feb
16
82% Jan
12
.
54
Oct
y*; Jan
Mar 21
Dso
■
Nov
Jun
66
Deo
19%vJan
37%
Dec
49
Jan
59%
Oct
67% Jan. 17
54
Jan.
64
Deo;
•59'A Jan
/
v
Jan
33
74
49%
37% Jan/ 8/
11
July 12;
Mar 13.
Mar- 6
40
33 /
17
58
20'A Jun
25
23
29:-.- July 12 ?
56?
ltVa
Apr
ft/'
25 'A May 20?
18% Jan
5fti
Deo
'
1
667A Jun
25
Sep
Dec
11%
109%/Jan
v
16
5
July 12/
July 6;
60% July
21Va
31 '/a
9
ft?
,
9% July 10
?
Jan
Jan
33;
17% July 12
..lV
^
114X
:4ti-
54 Va Jan
40.»
preferred.;
P.r pf*<$2JOJ chiji. dhr.-
!
Dec
Apr
•
,
16
43__Jan 31
68 Va May 24
~
17% Mar 12
;
par.?
/ Clilo .Mllw St Pli
1
Series A preferred^--—
..lOO •
Chicago & Northwest'n w.l—No par/
/•
5 %. preferred :'w4i—100?*
Chicago Pneumat TdqLi——No pars
,4,400
llSiol
23-
.28
No
Class.. A
Co
26
45
_
108% Feb 26.£
;
May
257/a July
3
Feb
42'A Feb
7
^.5i?
a
RH-Cd-
5%. preferred.:
Chic Ind & Louis' Ry
1: • Class, By
8.800
'*57%: 57%
1.25
/ pji
Chicago Corp (TheJZ___Zli.
1,100
25%
60%,
29.1...
No par
-
! Chicago. Great Weflt-,BB^CQ^^^J50 v.
5.100
'2,100
f\ '■
'
*9>
Champion Pap & Fib Co
$4.50e preferred /
Chesapeake & Ohio. Ry^
Z 3.400"
14% Jan
29 Vs Jan
par/..
Checker Cab Mfg n«w ■
Chesapeake, Corp of Vs.
; Ohio
B1.200
3 2'A
?
Products——--X
'
14%
21?
No par
Cham Brit
100
.
de Pasco Copper—
V
29
May 13
237A Jan 17:
Deo
251/4
4'A Jan
20 '/a
15
102;
new—No par
18'A
Jun
159
14%, Jan
13% Jan 24=
10% Mar 15
110% Jun 20
66% Defl)
110
127
July 10
Jan
17% Apr 22
.
2,300
Ribbon-ZMills
87% > Jan
3
38Va Jun
Dec
175
104 7/e May
Jan
109 'A Jan
lO.Ve Feb 26
preferred__100
Deo
48%
Jan
47% Jan
83'A May 29
14
25
Q St E Corp.No par
Lt
Feb
56.
105 Va Apr
i.
'Deo
Nov
2 i
,154;:
Mar. 8
22 % Jan
3
?
Nov
21i
w.
•
,^_i00i
Dec
72
Jan.
56
81'A May 27
Feb 26/
60
t
Oct
Deo
4
10% Jan
8'/a Mar-14
.
Nov
128%/Dee
49
30
60:
45%
135
21
26
9'AH Nov
32%
jan ;
32
26.
Apr
Dec
Mar
17
26'A Feb
./
-
ya
*
116%. Jan
May 23
6I J/2 Jun
55J/2 Feb
4
Jan
52
Deo
56
10% Jan
11
2
43
Feb
47
48
26
Highest
Jan
113%
21'A May 29
Jun
Nov
$ per share
•
Jan
31
59 J/2
45.J/4 Mar? 5
39
6'A Apr
2ftMar
?
73% Apr 22
126'%.Jan
100.
51
1011/2 Peb
27% Jan
52'A Sep
16 V4 Mar(, 1
10 ;
Ohio Ry
Dec
Year 1945
t per share
55
;
Dec
28
-lowest
Jan
'
Cerro
12'A.
.,•63-
!Mar£13
62 J/4 Feb 26
Oct
7%
Range for Previous
227/aFeb
58
May;24
18;
.
Jan
5lu jMar
£Ug
%
May 29
24
23%
13%:
?
52-
147 4
6
Mar
13
20
.?.
124r
25
28
17'A
.
25
Jun
3,800
26^
62'A
30%/ 31%
7
Feb
Feb
-6.50Q
61%
59%."
32%:
*57%
•
25'A
63'A/
331/4
63%.:,.
r
151/4
% Jan
Dec
no
\;
22
8
Apr 10
7%'Feb 16
12%: Jan 28/
40% May 29*
59 Vi May 28
18
11%
;
8
,
37
64%
14%:
f:
58
.
Central Violeta Sugar Co
I
2 -
12%t»
57%
"
63 %
Noy
15
47% Apr
2
7*
Century
•/ ,10 /.;>
-
16
Highest'
45%
23%
?
Nov
81
27%
105% July
3% Jan
I per sharer
41'A Mar 15
•
v
20% Deo
15% Nov
95
14%, Jan
.
40/ May 28.®
700
56>.M -57%
28
Jan
7% Mar
77% Aug
59% Mar
64
112J/2 July 11
,
7
3 J/a-Jan
x30
No par
class A.^
;
Jan
54; Jan
Cent RYPr Corp pfd
3.'40%.; ser.100.
JCent RR of New
Jerseyx
100,;
200
*112%- 112
21%.,
15%,
9%:
59-
•'
,
600
'
•
12%
,31%
:
'
—.*•
25%
-
2
,
39
Celotex aorp.
.r r^Na
pat h
5 %* prefflrrftd
,120 ?
Central Agulrre Assoe_—^.i.No
par? ;
Central • Foundry?'
J:
820
"3,000
35
v-
35'A Feb
1,000
24'A
58 '/a
/ 9'A Jan
3*
26
13%
4
98" May 31
39'A May 28
110
May 15
20
35
11?, V
Apr
38
,
45
21%-j
634
?
$4.7ftast
3.200
11%
25%
?
Jan*
..
7
/ •
4,400
14%?: 14%
38
12%
9%
I
-
113
*19%
"281/4;, 28%/-
32%
,
,
21%/"*
25%
63%..
33%./
59%. 59%/
t
32%
'
6l%,„ 62%V
10%
10%
4112
12%
-." 14%
26%/;,
62%
33%| 34%,,
14%;
13%
2-
••
•«
X.////:r;vVv V. ■ /,/. »
/ f
Celanese Corp of Amer——No
par ?
3,200
15% v
"
35% :a
*07 >/2
112/
29
24
100:
t per share.
No par'
10ft-
Caterpillar Tractor____.__.__No
v
190
*101%. 102'A
21 %
'
% 14V*
64%
10
Jan
•-;' lo^est^'
100/
1,200
23
25%
46J/4
■"
series//—.*..^.561
Corp_
__1Z
^.251
-
<
33%
15%-;
15
251/4
-
24
25%
16'A
39
*34%
*lll.'/4
2ft.
21'A
15'/*,,
•
22'A •-22%
20%
25%
58
107/a
•
;
69%
33
45%
36
-v
1,300
159%
22%
*19'A
4fi
58
*23'A.
18 Va
15
39
45'A
*35
24; 1
58
16 V*
20'A
.111%
64,,
32
68%
102
102
38
20
29/
29% Feb
Caseif J»1V
:
3.000
791/4
11.
113
*112
37%
57%
/
A%
8
13
15% Jan
75% Jan;
Carriers & General
.
'
36%
29.
Preferred
2,500
July
21% Jun
ft
Preferred
34?
...
11.
1 19
101%
57%
"63%
*57 Va-
<>,
101%
25%
*35
58
*23%#
ear
11
0 1 4
46
24%
36
25%.
15%
25%
16'A
lOVa
20
46
25
22'A
37%
20
45%
33'A
23
25%
1 T>f
&{,
*37
; -*11 S* 11% ;
62Va;
70%
159%
34
16%
v
11 J/8
1017/a- 1017/a
*15%
I6J/2
29%t 29V4,'
14
70
22'A
25%
«111
111%, 111%,
13'A-
70%
33%
16 %v
-
t
300
.
107:?- 107
37%
18 %»
78'A
159%
16%
20
•
79
106%. 107
t
102
25
4
159%
Xll
101% *01%
58
(
;
Carpenter Steel
Ca?rier. Corp ^
169
107
25%.
11'A
*111%; 113 .
*35
51 '/a
50
*166
159%
16%
"
<
11 Va
24%
1
53
Administration
$3. preferred A.
Carolina Clinch 8c
3.100
9%
169
78'A
28
57%
9'A
106'A
22%
45'A
791/a-
27%
159.%
33%
20
51%
*166
Mills..!
Capital
800
:
*56'A
9%
107
22%
*36
58
Cannon
10
58
159%,
22 Va
*15%;
53%.
: 134
--57'A
c
X22
•26 J/2 July 8
111- /Mar 22 /
119% May 27
Range Since January 1
Coj
400
;
17%
57
"
33%
59% May 29
•
25% Jan
4
Juiu28
Canadian Pacific Ry———-..*.25::
^
700
70
17%
28%
57%
9%
169
69 'A
*133>
28
-
47.800
107
34%s
j
9%
79
Feb 25.
11
90
Par?
.—
Canada Southern Ry
.•
40
19'A
159
:
159Va.l59%
25%,
58'A
56%
*561/2
59%
$4J25 ,preferred
50
18%
134
591/2
"
2
46% Jun
10"?
-
is':.;
■
25
■
EXCHANGE//:7"
,
Jun
45% Feb
Feb <26
-..ft,
;.-r '
x33%.
16Va
29
700
1.600
*54iA
57
*133.
60
*166.
79/
68%
134%
58'A
99
108'A Mar 28
10% Feb
Packing
No par
5%
preferred
50
Callahan Zinc-Lead—
Calumet & Hecla Cons Copper
5
Campbell W St (t Fdyi——No
Canadai Dry Ginger Ale.'Commoru.SV
4.600
54
.! 140'A
*137
71%
18'/a
J
18
9%
34'A.
.
Jan
24/;
T6%Ffeb*2fti
ilOO
21
13
J/2 Jun
;
3ft
No par
35%' Deo.
July
10ft
«
22'/a Jun
<
3
California
7.500
52%,
"*
,
10
5
*33'A
19'A-
*56'A
*9%
169
*78%
*70
18%
54
9Vs
56%
19
71%.
•;
9%
*54'A
-
57
28%
'
-
-5V8
f
9%
«
19%-.
60
t
j
9%
*166
19'/a
*69'A
.
70'A*
106%
54%
58%
9%
51%;
79
68%
34
54%
28%
*57
'
169
79
34,
60
28%
9%
51
9'A
5
Z
May
130--Feb
25
NEW YORK STOCK
;
1.700
*54
4%
56
54%
S
2t
99 % Janr
v
Shares
44
43%
45
34%
19%
Jan
24% Jan, 3
the Week
July 12
54'A
18'A
*59
58'A"
9%
50%.
441/4
*54
56'A-
J
Zlnci
.
3
1"
?
38% Apr 23
Byera Oo' (Apar
Sales for
tper share
34%
*54'
-
900
Friday
9%
57
*132%
59'A
-
Thursday
July 11
5'A
54
»
'
340
'
37
Copper <fc
Jan
10% Mar
37% Mar
-25% May 31
Participating preferred/
Byron Jackson Go.—i
2.100
110
351/4
t per share
56
*18 Va
134
134
36%
28%
BUtte
i
1,200
•
Apr
3
38% Apr 22 /
24% July; 12
.108% Jan 31
10.?
Jun-20 v
.102 ' JulyV ft
■
47
16
7ft
10
35-
/100
STOCKS
44'A
*56
57
112%,
xl 10/
5
142
19%
69%
71%
18 Va
*56
140 i
ul_I
Jun
30% Jan
:■
17% Mar
28
42% Jun
95% Jun .21
-
42%; Jan
May 14r
•
20% Feb
,
104% Apr
1
'"4%preferred/.4
200
~
7%
28X
54 J/4
35
54
*139
4,800
f
109
7%
29 Va
36%
56
-v
.
91i
16% July, 8
% Jun 24-
'6%. preferred?
:10ft
Bush Term Bldg;7fl6 preferred.^100
Butler Bros common
„16y
20
10
Terminal/
PRICES
44'A
9Va.
•
-
■-
35%
Bush
1.900
L
92
35
7%
35
9%
'
;May 3*1
34% Jan
9/
Mar-15
120»
100
5% Apr
'64'
18%-Mar<14
—No pat
:
5
53 J/2 Jan
;
45% May 28
110% Mar 18
31
No par
preferred .1—
61% Jun
35Va Feb'26
'3Va%i conv ^nd^/pref^rred-^iiopij
3J/2%, preferred;/.:
I
100
Burroughs Addiing .Mach
No par
200
8.200
99
*107
C
100
~
11%
*90
,
'
4%
Feb
24% July
33 % Apr
36% Apr
llfttR
,1061
BiirLliigton Mills Corp com.:new_./.-l
1
5
20%-
*93
,
600
•9.800
%
Jan
52%.; Apr
j57%*Apr 22
7'
31V4 Feb '26
w__
;
j
17'Ay Apr
49 Va
05
107'A July 12/
.11% Jan 23
v
35% Jan ,10r
Bulovan Watch Co^ Incu.^.^.....—5«
•
103
11%;
'
(
110%
19%
109
Wednesday-
5%
110%]
!
$5; preferred
Mar 26
•
48'A May 13
7 '
26.
109% Jun
par >
;
?
20'A Jan
18% Jan
35
-"
7%
56
5
50
25%
108%
*101
99
*107 1
'
44%
*53
5>/a
1
.100
No
common,
Deo
10
xl08 % Mar
Jan .21 s
—5
Bullard Co.
i-
1.500
"
Co.
Dec
6
46V* Feb.2631"'
May' 6'
___No par.
—.i
Dec
May 10.
Xl6'/8 Mar 14
Buffalo?:Forge Gbi—i.—
Buff.Niag El Corp $3.66/ijfd—100*.
.
700
42%
50
92%
36
109
600
24%:
/
11%
*91
-
720
1
*107 Va
21
11%
:
36
*07
42 %
108%
20%
98%
36
43%
50%;
26%
50%
26%
97%
107
36%;
107
(The)
Rights;
-
•
Dec
Nov
May 31
66 J/2
May 16
100
1 56k/ preferred^...
Budd
73.300
,
6
10,j
41%. Jun
,7:
Mar 18 "
par'
70
18%
Jan
114'A May 22
May
.
Nov
Mar 22
10
:'
Jun '26
.lft
Dec
63
16
'
44% Jan 4 4/-f
44 y* Feb
Dec
109'/a
Aug
"
5
Co.
Sep
Dec
.
106'
35
Dec
••
25 J/2 Jun '25
Co. Inc newi.-.._.15-
BlicyrusXErle
-8.500
124
17%
98'A
*36
July 10
§7
500
^
7/a
Dec
•29% Nov
47%:; Jan
9
/::60^;;Feh;-2ft/.: 73'A Jan
1041% Jan
7/ 112, t Apr 3ft,58V2 Mar 13 •
69% July 9
$3.60 preferred _.__L._:___No par
Bruns-Balke-Collender
No
4
107
J per share
44
32
124
18%
ha
36%
July ft
*53
Brown. Shoe
30
22%.. 22%
98
tper share-
EXCHANGE
*
42%
108%
107
Tuesday/
r
CLOSED'
*42,
103
24%
May
Aug
28%. Dec
33'A Jun
'58Juh
n
2.50
preferred^
Brooklyn UnlomGas..-
1,400
51,300
$ per share.
r
34
*107"
187/a
12;
■
2
,
Dec
30
83'A Apr
'
3
'
*124
Monday;
July 8 <
'
3%%
10
-
42%
23%
12%
•
Deo
Dec
136
12%. Jan
8
30% Feb
26
/
17%
42
Jan
35%
46
Feb
r
Apr
Aug
:
17:
2
May 15
29
'
126
7%
29 Va
LOW AND
;
36%
*107
200
900
55%
33
103
97%
-
114
108%
•
113
111%
111
55%
*112Va
*42 Va
33
35
114
19 Va
2L
38% Jan
Bridgeporti Brass Co___
_rNo par
.Brlggs;; Manufacturing
...No par
3riggs.& Strattdn .new
____No par
Bristol*Myers Co New/
?.50
4,000
.
37%
*107%
108%
Bearlng Coi,
Airways lnc
Brewing Corp. of America.
Jan
22 %p Aug..
168
'
,109J% Jan
:,
4,500
17%
47%
*36%
34%,
*100
*91-
! 109
28%
110%
36
-
43
/ 9%
18
17'
113% Jan
-
52
lOO
Branlff
'
*111
93
-
112%
34%
113
*11%
92%-
56 c
112%
56
34%
37%
103
991/2
-
37%
*55
ck
%*+
Roller
110
31%. July 11
May 16/
36% Jan
2.900
91%
16%
47
33>%Jan
'..3::
*
*100
12
*97%
=90-
v
17%
43%.
108%
20%
98%-
92
17 Va
47%
51Va
20%
98%
107
*90
v'* '
48%
Bower
300
55% Deo
v
36'/*;May 14
25%
assented) .190
i
'
Nov
52 V2 lViay 10
3
22J/«Jan
1
common
Boston & Maine RR
300
t
'
*110%
-
8
26
*107%
*110% 113%
*100/ 103
1,000
,
53%
43%
9fi
*7%
2.300
"
25%
43%
v
107V4
58 Ve
*50%
25%
26
♦108/ 108%
114 (
102
,
*106%
43
50%
36%
,
.
•
51
-
*110%
;
23
125/
51
•
33
127
,
42%. »
.
108%
54%
107%
8%
26%
Ve
97%
*105%
STOCK
*421/8
34 Va;
23
>126
.
17j/4
rVa
97
v
'
43%.:
108%'
*107 '
108%
*33
t per share
34%
53%
107 »/p.
58%
*112 Va' 114:
34%
'
*4ii.
Saturday
July 6
55
,
113%'
BOjrdexr; Co... IThe)
Borg-Warxver Corp,
ftJ%%,cumpref erred/...
26Va
->"< 74
55.
.
*112
Bond/Stores. Inc
58%
1
J ?%
47%
Jan
17
,
26•>
93 V4 Jan
'
5.900
Feb
,
Apr
' 112
Jan
: 58/ Jan
.
-
7
149Va Jan. 2
63'/2 Feb 27
'
•3.900
58%
95
par "
100
Bohn. Ali|minum Ar^Biass„
;_«ft
Bon-Ami Co class A
—.No par;
; Class B;
—....—No par
.
Jan
22
53%
26%
26
*90
170
37
31%. Jan /: 2. /
v
Boeing; Alrplanev;CO//£/-/-.^«—i-/5/
50
*7%
J
26% ;
54%-
;
11.300
300
107 Va
,
8
*58%
95
.
54%
107va
8
•17%
.
551/4
*106%
8%
47%
39
04
*112
.
25%
95
*36%
55'A,
2ft
.
•
42
.5
par/'
Bloomingdale Brothers^
—No par
Blumentjbal &, Co pjreferred««—10ft>
10
650
66%
537/e
107 Ve'
'
200
,
61
53%'
*7%
;
110 Va
53 Va
55
700
27%
61
110%
53%
107 Ve
■
-
54%
111%
,
No
Feb
Dec
47
Dec
30%^Apr 23,
Mar 13
May' 8
45'A May 15
Loan.;
Indus
Blaw-Knox Co—
lNo por*
Bliss .(K-W) • Coi/—»i;$2:25: conv preferred.,—>No
par?
Bllss« &/L%ugh'hmlnc-a-^--/-/-*ft'-
1
3.200
,
4,700
39
*52-.
*111'
112--
42%
8
3 ;
107
1%. preferred,^
600
;■
26/
Blgelaw-Sanl Carp Inc^
__No pat
Black 6r Decker Mfg Co—
No par
900
"
42%
55%
36
Xl06
.
'
567/a
>
42%
lu/'
May 23
lift/ July 5
' lift/ .Mar 8-.
Deo
24%
,
33%: Jan
•
Best" FOodex
Bethlehem Steel; rn«i)
1,700
-
31%
41%
8
-
f
28
57%.
67
17
,
10,
Best *&
•
-
41%.(, 41%
41%
55
800
5.100
c
30%-;
41%
1 kjI
/
6.200
73
28%
31%
*61
68.Va
14 V» Jan
Aviacion.
fteneiiclai
Jun
Dec
54
K 25
16%- Jan
14%. Aug
3ft.-.Jun 10/
43
Jan 15 /
/ Jan- 7 r.f: 142
Jun 25 /
No par/'
19% Mar 14
28% May 13 v
y,
'/25Va Jan
3.-'•
35'%-Jan 28?
i
,
52'A.» Dec
52%. Dec Z
127
preferred--—____
BeuQix,
:
.2.300
,
V
167%
;
72:
40
li
Co
23
81!
29%% Aug
'{
x20i
Corp:
Howell
4"/4 %
4.800
A
i
-
31//, 31%
»
*110
110%
68
•"
-•••
;
32%
42%-
28%,
31%
*56"
27
62
110%
69%
31%
16fr.,
*111.
27%" -
*60%
110%;
&
80
47%/ 48%
75
"
27%;
Aircraft
Bell
73
10
Feb :21
:
5Qv;
Co™^--^
Belding-Hemlnway
Bell
:
112
167%
.
1
111.
1
*
800
108%. 110%,
*39%
*53
55.
t
110
*68
'
40
55-
111
26%
*110
*39%
;
56
-
*11011
;
•*"
/
4^
:
3.200
,
f/
111%:
"75
42»4;
RR
f-t /2.000
24%
167%
,
Creek
Beech-rNut Paoking
,
i/i VA *
,10*/
Z
Mar
12/
63'A Jun
4 '
106% Jan
par;
-
Jan/4ft/
56% Jan'
■
No
Airpraft Corp
Beech
20
'
57 '
39%.
*54%^
300
24%
*110%
.49V.-..-.
30%'
287/a
31%
*55 Va
31*
Foods.kCop-iP/v—
preierred
4
40%
"1
May 16 V
31
May 23
';39%vFeo/*tl«/
2
20% Jan
t per share
l2Vr Jan
66
57
•
130: Beck; Shoe, 4%y*. preferred....ilOO^
Beech
t per share
.
17
/>/41%*Jun
/
9
21% Jan
Beatrice:
$4.25
Jan1
53/
// /;,rii1
200
!
/
May 24
,
112
42%
74-/;
-
28%
Ve-1
7
j
59% July
32% Apr- 2ft
4% ^v.'pfeferredpPP/P,*/-/J50;x
n\i; dm
t per share
30,
/ 88'A Jun
Jan»-3
36% Apr* 26-
Bath
1,800
29
75
'
Iron Works
Corp
IT
Bayukt Cigars Inei_..M/M.u.No par:
v
28%
t per share
20% Feb 2ft
'5 %
BarusdaU
.
160
z
110%
42 Va»
56s 1
30%,
*39
/'
167%
42%
*73"
.
•
300 :
;
22%
24%
32%; •32%.
30%
42%
■'
-
3.000
42
;
141/
-
24
,
48%.
112%
73'A
*55
43
30.
112-
-
43*
*42%
28%
•
141-
Par
Aroostook^..
preferred^..
Barber Asphalt Corp
,
3,300
-
56%
22%
42 v.:
.
25%/
29%
,
*110%
32%
43
;
I
29
49
23
25
25
112
49
"
■
130
/
28%
67%
55%'
.
.
BarKer;;,Brothers.;:;hewp//i/iiwiilftj/
7
.
Conv
4
2.800
—
'-24Va.
26
30
30;
j / 32 '
; 32'/a
.
111%
-
-
25%
26.
./"
*104'A;
106% 106%
—.
J
130
53%:
38 Va
28%
*67%
42' •-;/
*41%
*141
" 142
141% •
*1107/a
,
?,
v.
106%
23/;
*24%
'
Bangor ti
85
Range for Previous?
Range Sinee January l/,///
kear 1945
Lowest/ •
Highest, V /// Lowest
Highest
.
EXCHANGE
/ ■/'/ /.///
V
;
;
aTOCK
'
■
v>
141%
26
29
*56%..', 5ft /
42
*4i%
29%:
32
'
'
42-
30%, 30%
lllV^lllV*
•:»
110% im:
48%
49r
48 Va '
:
42*/:
29%
67%
106
23". .•
22%
25%
"32Ve
"
29 %,
'
Shares
<
'38.%.
*55%,/ 55%
/28%k 28%
,
NEW
c
,27%
51%
56.
*104'A
22%
*26%
,84-
28%
67%
*106?A. 107
29%
r
noy8
48 %
67%
24% ; 25%?'"
25%
25%-,
*29
*110 v8
♦66%..,
143
*141%
'
58%
118%
•
*41%
142;
29 r
107
22%
*41%,
•'
28%"
67 m
55%.
"
rll8%
22%.
28%
28%
*56%;
,.
29.
67
106%
"
.
t,per share
.
Sales for
the Week-
-
53 Va:' 54%.
3ft " 38%
58%'
28%
29
•58%
rlift.%. 118%
■'
28%
.
Va.
'.
5,6;
Friday;/;-:;
July 12
Thursday
July II'
.
k.per share
♦26%
2,7 Va
87"
•
PRICES
Wednesday
$ per share
I tper share
"'*26%
STOCK
HIGH SALE
v
THE COMMERCIAL & FINANCIAL CHRONICLE
Monday, July 15, 1946
NEW YORK STOCK RECORD
SALE. PRICES
LOW AND HIGH
Tuesday
July 6
July 9
July 10
9 per thara
I per than
$
"
I per thare
f per thara
>
Friday
Thursday
July U
Wednesday
July 8
Monday
Saturday
July 12
t per
$ per than
\* STOCK
23.
EXCHANGE
CLOSED
l
46
>■126
127
-
38
V
55%
*111%
112
34
63%
*185
31%
*185
189
*105
107
*111%
107
111,%• 112
*69'70
-
104%
X30%
112%
--,24% V
■ ■
9%
.49
190
•105
107
112%
*69%
*185
72%
7I\
106%
*106%
126
123
113%
*110
37%
38
54%
55%
34%
33
17
17%
*103
'29%
104%
30%
107
*112
104% •
103%
♦102%
v
107
*102%
103%
107
•
112%
70.
70%
106%
106 %
*103 Vi
106%
*102%
104%
*102%
103%
63
*60
62-
jj
62
33%
/a
*33%
34%
34%
35%
56 %
56%
56%
56%
34%.
34
%
jj
56%
33%
'
?
178
178
64%
•1290
65
?
51%
*107%
180180
¥ 66%
67
52%
17%
20%
20%
28%
28%
27%
'
.
.
109
177%
*1290
-
"
58%
178
66%
"•
*107%
—
56%
109
57%
107%
60%
61%
61
107%
61
112
60
*11011
111
111
111%
17%
W--'
""
57%
*107%
61
61
56%
160
65%
*1290''
'55
109
*111%
*
*1290
'
—'
33%
35%
*158
160
*157
160
*157
9%
46
*44%
46}/
126%
189
107
112%
106%
*106%
*44V*
24%
9%
9%,.,, 9%
'
70'*
*102%
'
20%
23
20%
24%?25%
;
-.9%
45*
128
*185
,
*20Vi
126
112
112
*110% 113%
38%
38% ¥
38
38%
53
55%,
55% 55%
,
3434%34% 34%
16%
16%
*16%
17
*103
104%
103% 103%
30%
30%
30%
30%
*63
v
64V
64'
67
16
*303
189
*105
55%'
34%
16
15%
103%
31%
63%
15%
103%
31%
21
127
38%
*54%
'
i,
.
112
38
38%
55%
34%
34%
'
9%
46
*106
21
r 23
'23
9%
44% • 45%
126
128%
■*22%
i' 23
■
9%
9%'
r
'
21
21
•
than
20%
'
') *21%' 21%
17%
17%
16%
17
20%
21
20%
20%
29%
27%
28
♦28
27
*24%
24
23%
23%
*22
37%
38%
38%
38%
37
37%
38%
38%
37%
37%
37
37
'11%
12%
110%
11%
12%
11%
11%
110%
110%
110%
•105%
106%
♦105%
106%
110%
*105%
110%
106%
26%
*23%
*25%
39%
41
29%
56%
56%
121
55%
'
121
28%
28%
4%
5
125% 125%
35%
35%
62
63%
36
! 36
¥ 51
51
8%
;8%
33%
33%
107
107
4%
5
125%
125%
35%
35%
62%
62%
35%
36%
51
-
51
'8%
8%
33%
33%
106Vi
106%
'
:
24%
24%
33%
33%
112%
183/4
*105%
f
113
i
,
52 %
52
29
98%
55%
122
12
28%
29%
4%
5
125
125%
35%
35%
*62
62%
36
36%
*51%
52
8%
8%
33%
33%
107
107
.
48% ¥49%
1 *113
113%
•
.
48%
113* •'
^*113
46
46%
14%
V.i 55
14%
55
17%
46%
>46%
■..■■■
a
■
.
*25%
26
*55%
56
V 19
22%
-■
19
56
21
20
61%
613%
60%
363/4
371/4
,437
5%
-
65U
5%
35%
64
64i/4
35%
353/4
52
52
8%
8%
33
33Vi
107
•
25%
25%
107
25%
19%
53
25
19%
19 %
52
52% '
24%
25%
34%
35%
112% 113
51%
51%
191/4
*107
19%
20
109
48%
49
|
48'
487/a
•
'
■*'
* 14 ;
14%
55
13%
17%
47%
114
*113
551/4
17%
46%
/
14
54%
543/a
16%
•
17%
45
46'A
■'
-s
22%
25%
553/4
553/4
20%
20%
60
60%
19%
55%
•
63%iJi:0 ^64%
205
11%
5%
107/s"
5%
22%
25%
55%
3f 19
19
55
206
10%
5%
203/a
*1073/4 108
**•
114
*H3
20%
*205
10%
35%
22%
25 %
56
19%
55
108%
206
*205
'"'•10%
•
29%
47/B
5
124% 125
56
20%
20%
60%
60%
61
37%
v' 373/4
383/g
108%^¥*108% 108%
54%
*20%
/;*«.
22%
25
*55%
223/4
25%
56
19%
19%
♦55
-*108^108%
i-ui, 65'^ 65%
1
55%
126
28Vi
50%
51%
19
*9%
#107
UO
48%
49
^113
113% i
414%
14%
55 % • 553A
17%
17%
46%
46%
^-rV
*22%
v- 25%
*55%
22%
54%
*122
34%
112% 1123/4
19%
48%
17%
;
24%
34%
110
;14%
55 ;
■ 54%
173/4 ¥¥v 17%
14%
*19
53
52
18%
*107
19%
110
19%
53%
25
34
112%
19%
52%
24%
33%
112%
51%
19 %
53%
40
28%
98%
24%
19%
53%
39%
30
*55
55%
122
122
'
28%
28%
24
100
*99
i
26
.373/4
38
/ *108% 109
eSSM*'- —64% 65
206
207
207
II1/
5%
11%
5%
11%
5%
July 8,
V Ju!y 6
.
9 per share
I per share
9 per
473/4
48%
473/4
48%
108%
108%
108%
33%
33%
31%
*29 %
CLOSED
*49%
50
34
¥
*29%
50
34
9 per share
9 per thara
than
108%
STOCK
EXCHANGE
Thursday
July 11
Wednesday
":: July 10
Tuesday
July 9
473/4
48%
*107% 108%
*333/4
34
31%
*30
52%
50
463/4
*107
33
53
*49
34%
343/4
35%
*49V72
35%
51%
35%
34%
*108%
1083/4
108 3%
1083/a
108 %
*128%
132
129
s
53
129
*129%
138
52
51%
523/b
51%
115
115%
115%
115%
r32
32
33
33%
34
26
26
25%
26
25%
*165
175
*165
175
*165
175
48%
51
130
50%
49
115%
115%
115%
34%
27%
34
35
343/8
26%
27%
26
175
$2
109%
130
59%
24%
24
*63
71
¥ 17%
743/4
*74
'7%
145
39%
*27
•111
24
104%
104%
*165
175
24%
24%
71
65
65
140
140
¥ 74.
t 73/8
20
*140
393/4
173/4
17%
*140%
\'73%
743/4
7%
73/a
20%
145
20%
*140
393/4
*39%
12
-
27%
40%
73%. 74
;
7%'
20%
2Vz
203/4
*140
145
40%
17%
72%
73/a
,,73
7%
20
*142
40%
,
.
.
' 20%
145
39%
40
27%
27
*1103/4 111
*1103/4
29%
61
60%
30
29%
60%
60 %
60%
593/4
111
preferred
preferred..
Curtlss-Wrlght
$7
Prior
Class A1.1V.
Cutler-Hammer Inc
Davega Stores Corp, H .I..——.#
Chemical Corp (The)
1
Dayton Pow & Lt 4%%
.
45%
44%
45%
Delaware &
12
12 Vi
27%
.11%
12
11%
27%
11%
27%
Detroit
79%
*74
-
¥*74 /
333/4
33%
79
33%
Devoe
Diamond
79%
*74
79%
*74
34%
33%
33%
33%.
43%
44%
433/4
44%
43%
a48%
29
24%
*106
48%
r'29 : /
25%
106%
see
page-296.
*48
28%
25
106%
*48
48%
28%
26%
107%
283/4
33%
79
41%
44
43%
43%
43%
43%
48%
43
48%
48%
49
283/4
*28%
26%
30
28%
*106%
110
*106%
,
•
333/4
29
29%
108
*27%
273/a
*106%
3
pfd
100
50c
Feb
33
July 9
22% Feb 26
39
5
Mar
4
993/4 Jan
Preferred
Ino——>»1.
No par
20
Hudson
100
—
50
20
Detroit Hillsdale St 8 W RR CO—100
Delaware Lack
6%
& Western
Edison
&
Raynolds
A
new
Matcn
partlc
preferred
28%
Diamond T Motor Car Co—
29%
Distil
110
5%
Corp-Seagr's Ltd new
preferred
12.50
No par
25
3
-2
100
2
23% July 12
Feb
9
47
17% July 12
Apr
8
136
,
72% July 12
7
Apr 23..
20
Jun
26
129% Jan 30
32% Mar 13
23-
Feb
19
6
37% Jan
2
5
11 ;
41% Mar 15
11% July 12
Jan
3
25
75
Jan
14
28
Jan
3
40% Jan
3
43% Jan 15
27
Mar 13
21% Jun 21
105% Mar 15
30% Dec
112
Nov
Jan
Dev
25
AUg
42
Dec
16
Mar
29
Dec
145% Jan
*150
113
273/4 Jun 30
Jan
20%
106%
Jun
106
Apr
34
May 13
31% May 28
Feb 26
24
110% Jun
49% Nov
46% Jan
8
23% Jan 10
165
Jan
8
66
Jun 11
106
Mar 25
25% July 12
82% May 16
26
Jan 24
146% Feb
5
76% Apr 29
12% Feb
4
34% Feb
2
141
Jun
7
45
May 20
25
Jan
6
12
5
Jan
12
543/a Feb 10
115% July 9
150
42% Mar 13
423/4 Jan
41%
44%
273/4
Jan
Deere & Co
53%
41
273/4
1103/e Peb
53%
53%
45%
27%
40% Apr
21
45
54%
27%
3
Jan
Dayton Rubber Mfg Co
41%
27%
Jan
Decca Records
45%
273/4
Feb 27
29%
533/4
-12%
59% Dec
53
Dec
60%
v
41%
523/4
No par
.—-No par
1
■
—41% pfd
100
No par
Davison
54%
*41
-■Mm-,--
Oushman's Sons Inc
37
115
100.
68
140%
62
54% Feb
29
Drug Stores Inc..2.50
Curtis Pub Co (The)
No par
17%
41
6
51
—5
Inc new
343/4 Dec
28% Mar
1
Jan 14
107
Cunningham
140%
28%
34
footnotes
7%
203/4
-preferred^ nt ,;>i r >1. ¥;. . 1 *
108% Dec
Jan
39% Feb
160
Cuneo Press
99% Aug
24
353/4 Jan
3
100
30
—
14
43% Dec
4
109
23%
*63
18%
preferred
110% Mar 21
Highest
9 per share
253/4 Jan
Mar
—100
100
10
Cuban-American Sugar
17
48% May
No par
preferred
Cuba RR 6% preferred—.
5%
45
45
For
733/4
145
70
17%
*140% 142
$4 2nd preferred
.
Crucible Steel of Amer
105
*104
23%
24
*63
18%
143
1043/4
*23
Zelierbach Corp—
49% Jun
26
9 per share
293/4 July
31
No par
5
No par
No par
preferred
9 perthare
thare
Feb
107% Apr 25
No par
& Seal
$4.20 preferred
41%
53%
.41
F
104%
(The)
Cudahy Packing Co
64%
62
104%
24%
*63
¥
17%
623/4
30
*59%
*74
104%
60%
60 3A
111%
30
-
39%
59%
29
A *27%
:
7%
20'/a
20
*140
•
17%
142
•140
-
60 '
105
38
100
2
No par
preferred
Cork
Crown
1%
■
*103%
3 3A%
9 per
25
common
Cream of Wheat Corp
Crown
53
*108%
Crane Co
Crosley Corp (The):
34%
34
132
*165
300
50
53
35
108%
115
263/a
600
32
*50%
115%
34 '
51 %
5,900
*30
*128%
513/4
115
46%
34
53
53
Shares
108%
'
*33%
32%
503/4
*30
108%
*52%
46
108%
34
34%
53
47%
Par
Lowest
Highest
Lowest
EXCHANGE
the Week
Year 1945
Range Since January 1
STOCK
NEW YORK
Sales for
Friday
July 12
$ per than
108%
34
108%
*52%
Range for Previous
STOCKS
LOW AND HIGH SALE PRICES
Monday
Saturday
•
r
34%
75%
58%
41%
50%
16Vi
28
Jan
Apr
May
Jun
July
Jan
Jan
Apr
Feb
77
39% May
7
20
1
3
10
29
16
17
25
9
50% Apr 4
493AApr 15
34% Jan 14
30
July 10
109% Feb
5
353/a
Oct
124
25%
Jan
99%
Dec
Nov
52% Nov
Jan
111
87% Jan
•
Nov
Sep
51% Nov
102
Nov
Number 4507
ITVotute 164-
THE COMMERCIAL & FINANCIAL CHR
NEW YORK. STOCK RECORD
LOW AND HIGH BALE PRICES
...
Saturday
^; juiy. e
9 per share
Tuesday
•
:
*#
July 8
\\yl9~perehafe-['
•V *47% /49Ya 'u r.
STOCK
.,.;57:r,58^
EXCHANGE ■V *39t~ 40
V CLOSED
3ty2:
3.4»/3-
23%
24.
•
48%
'M
'
.
23%
23%
*
-
V 84V2 \-)86<v? '* r l .'88%
l82Ya
'
;
86%*
•"183% 183%
183%
.
'
•
116%
-
..
,
132-
f ..116
'
i
•
219
132
*
218%
131
*42%
218
-
31.
44"
;.
ii5%
*17%
i7%"
33%
;
f
23%
i
<
7.000
'
,
;
"
130 Ji. 130
18 %
18
-
18
50
143% Feb
par
preferred
conv
.
400'
37% May 31
29% Feb • 6
26
108% Feb
65
118
8
Jun
116
41 Ya
2
26
125% May 22
133
114
116% Feb
5
21
May 21
4
17% July
;
58 y4 May 28'
Jun 13
9
July
28%
25%
28%
240 "
205
240
242
60%
37
37
108%
45%
45%
27%
57%
240
205 '
60
36
110
108%
48
48%
111
112
111
3.300
Eagle-Plcher
27%
8.200
Eastern
56%
56%
200
235
235
202
•
202
59%
,
36%
45 %
28
26
61
..
*108%
45%
27%
t
240
"202:..., .205
61
367/a
60%
*36
110
*108%
45%
28%
26%
*56%
242
*202
60%
37
108%
28
27
58%.
205
*202
...
28%
25 %
58%
60%
60%
*36
*28%
25%
59%
242'
*57
-
240
*202
28%
25%
25%
59
.
6%
10
500
110
30
*108%
X48%
50
112%
*110%
112
11%
12
4%%
900
Stores
Inc
12%
12%
11%
11%
69%
70
70
70
69%
70
X67 %
68%
32%
32%
32%
327/a
22%
2,700
21%
Elastic Stop Nut Co
Electric Auto-Lite (The)
22
20%
22
6,800
Electric
48
47
48
46%
46%
1.100
Conv preferred w i
Elec & Mus Ind Am shares
Electric Power & Light
47%
*45
5%
47
5%
5%
5%
X20%
47
*44
5%
5%
5%
5%
5%
26%
26'/a
26%
5%
6.500
25%
26 %
25%
179%
179%
*177
179%
179%
179%
7.500
177%
177%
177
166
166
*165
167
166
167
177%
800
167
167
165%
166
53
*52
53
53
53
52
52
527/a
53%
53%
54%
52%
54
1%
l7/a
1%
27
26%
26%
52%
53%
*52%
51%
52%
52%
1%
1%
53%
1%
l7/a
22 Ya
22%
22
22 Ya
22%
32%
323/4
32
32%
31 Ya
943/4
943/4
*92
110
*108 Ya
108 %
95
25%
2
1%
700
23
22
22 y4
4.400
30 VB
30%
2,000
Emerson
200
*108Ya
943/4
94 Ya
109 Ya
*103
109 Ya
34
34 y4
3.900
35
34 Ya
343/4
34 Ya
343/4
106
105 Y2
105 Ya
105 Ya
105 Ya
*105Ya
106
106
106
108
109
1083/4
109
109 Ya
109 Ya
110%
109
109 y4
108
108
620
108
107 Ya
107 Ya
109
1093/4
1093/4
1093/4
200
37/a
2Ya
23/4
17
;
17
17 Ya
78 y4
78 Y4
77 Ya
94
•17Ya
18
17%
*29%
30
*29%
47 %
58
45 y4
*91 Yi
4ya
17'/a
163/4
17'/a
16%
167/a
77
77
77%
94
•17 Vs
17Ya
77
94
*91V*
173/a
29 y4
29%
28
28 Ya
46%
47
45%
46
58
58
500
10%
10%
10%
lOYs
10%
*
78%
27.%
13 Vz
24%
*47%
49
39%
*38%
72%
*106
*31%
32%
31%
58%
58%
73'/a
73 %
107%
61
39 %
^
S• 'f.
*49%
15%
243/4
*24%
24%
600
107 %
107%
107%
107%
270
107
107
48%
48
*47%
39%
39%
72%
71%
*106
3.600
70%
2,500
Federal-Mogul Corp
Federal Motor Truck—
Federated Dept Stores—.
4%% conv preferred-.
107
20
31%
30%
31
587/a
587/a
58 3/4
583/4
74%
74
74%
73%
74
107%
107%
107 3/4
62%
62
26%
26%
39%
108
62
27%
39%
114
1073/4
62
26%
40
*111%
114
1073/4
62%
27%
38
4%%
700
First National
1.900
Firth
383/4
3.600
*50
19%
15%
101
92%
91
41 %
41'/a
39%
26%
26%
*26 %
59%
'
49%
19%
15%
16
101%
197/a
50%
59%
18 3/4
19
27
16
16
16%
102
102%
*15%
5%
5,000
Food
Fair
90
91
90
90
90
90
2,300
Food
Machinery Corp—,—
423/a
40%
26%
26%
26%
26%
303/4
303/4
31
59%
59
22
44
593/4
22%
111
59
22 3/8
44%
s
45
*110
40%
30
500
26%
*26
250
31
22%
433/8
43%
*109%
110%
450
4%
Trailer
cum
Wednesday
July 10 '
Thursday
July 11
< per share
9 per share
t per share
Friday
July 13
Sales for
9 per share
14
133/4
133/4
*13%
10%
10%
10%
10%
13%
10%
10 %
103/a
10
10 Ya
20%
103/a
203/a
*20%
20%
203/8
203/a
2,300
13%
13%
13%
18%
18%
183/4
18
18
18:,/a
183/o
17 Ya
18
22
22%
22
22
2iy4
21%
21-
21%
15
60
2i;
,
133/4
23
60
130
20%
108'/a
653/4
66
13%
20%
*107
653/4
13%
•193
20%
*123
205/a
*107
25
*243/4
15
25%
15
*243/4
15
195%
13%
*193
60%
*59%
21
601/4
207/a
130"
20%
*123
207/a
108 %
*107
66
108 Va
65%
653/4
13%
195%
24
12%
12 3/8
36%
176
36%
*175
36%
363/4
177%
Galvin
5 % %
2.500
Gen
13 Ya
4.700
Amer
7%
20
4.500
General
131%
131%
48
48%
6,100
General Mills
53/4
*148
,
53/4
P-t 53%
53/4
20%
20 Y«
44%
43
43
149%
*146
,8
8%
34%
397/a
For
41%
41%
122%
1223/4
1223/4
footnotes
see
Daee
296,
42%
124
*128%
31 Ya
1283/4
25
•
53/4
5Y4
53/4
.20%
20%
44
149%
;
8%
34
43
42%
8Y4
132
33%
43
124%
*
*146
8%
34
40%
,
130Y2
•
129
-43
£ 41 Ya
*146
8%
34
423/a
132
.8
.
323/8
407/a
1293/4
1.300
23%
31 Ya
5Ya
20
149Ya
.
1.100
23,400
303/4
20%
5%
240
70Ya
25
31%
.
118Ya
69%
129;
25
53/4
*146
'
*118
705/a
20%
:
1303/4 1303/4
118 Ya
70
25
'
8%
33%
131
118 Ya
31%
*43
149%
8%
33%
48 Ya
131
71%
^
\ 33%
47%
132
118%
20%
,
20%
Jun
107
47%
1,400
2.900
conv
$5
Gen
51% Nov
Deo
38
100
61
Jun
3
273/4 May 13
4
48
105% May 15
112
34% Jan
100
Jun
-
18
July
I per share
10 y2 Jan
1
A'o
Co
19
193/4 Jun 21
Feb
5
26
Jan 28
Apr
11 Ya Feb
No par
No par
31
100
171
No par
—No par
2
26
Mar 13
Jan
2
45
Feb
26
49
Jun 20
Jun 17
115Y4 Mar 29
-10
preferred
42
130
.100
No
par
.100
common
69% July 12
common—No
Gen Precision Equip Corp—No
Gen Public Service
4
2
par
20
Mar
2
par
.10c.
30
Jun
25
8.100
1.000
General Refractories—I
No par
4,500
General Shoe Corp.
Corp
Feb
1273/4 May
preferred—No' par
4% Feb 26
No par
1,510
July 12
12 Ye Feb
22
Railway Signal.
6% preferred—_—.
Gen Realty & Utilities-
v
8
26
182
Gen
40%
24
May 28
141Y4 May 28
213/a July
1
Jan
17 Ya Feb
par
600
131
67 Y2 May 29
60
Gen
83/8
17
3
78
—5
18% Mar 4
80%
Dec
Dec
Jan
61 y2
Dec
83/4
Jan
14%
Dec
Jan
185 Ya
Dec
49
29
17
17 y4
9
40 3/4 Apr
15
6
Jan
27% Dec
15
Dec
Jan
Mar
27 y2 Mar
36
Oct
8
8
377/a
6
40
Feb
Jan
30
123
56
127
114%
Aug
134
Mar
Oct
123
Dec
62
125
May
Feb
5
Apr
26
10"
40 Y2 Jan
14
7Ya Jan
15
130
23
22Ya Jan
132
29
27
158
3
11Y4 Feb
8
36 Va Jun
10
10
14
132
jun
47
112% Mar 23
Apr 12
.
July 10
Jan
lYa Jan
233/4 May 21
May 31,
28%
123
<
Jan
Feb
3% Jan
21
19 99
Jan
Jan
Mar
/
77% Dec 1
Jan
>
Nov
52 Y4 Aug
43 Y* Aug
4
8
14
803/a Jan
153
May
49% Sep
Jan
56 Ya Feb
Feb
v
Oct
172
Apr
Feb
51
7
Dec
Apr
135% Jan
Dec
24 Y4
16% Apr
52
:
Dec
109%
28 Ya Apr
182
Dec
14%
58
12% Jan
58
160%
26% Mar 13
Jan
28 Y4
Jan
1043/4 Apr
71Y2 Apr 22
143/4 Apr
6
200
•7% Jan
-
7%
14
142 Ya Feb
•
293/4 Nov
51% Nov
48
29
par
Jan
Apr
16% Mar
May 29
4
38 V4 Mar
100
10c
108
Dec
19% NOV
14 V*
29
5
107
1.300
33
29% Jan
12 y4 Jan
.
Dec
10Y4
Jan
4 Ya
5
54 Ms Jan
21
12 y4
Jan
6% Jan
15
Jun
Highest
9 per share
16
2
Jan
9
Corp
Apr
26
5
0
No
I per share
153/4 May 28
HYa Jan 29
21'
22 3/4 Jun
100
Corp
2
223/4 Mar 13
I
-
Jan
17 Yb July 12
Mo par
1
24.500
149%
Dec
Year 1945
Lowest
9 per share
21
par
50
;
3
8% Feb 26
1
—
5%
V
i
1
Range Since January 1
Lowest
Highest
3
Utilities
Dec
Range for Previous
STOCK
20%
43
Jun
Jan
common
Outdoor Adv
Public
Jun
80%
34
General Motors Corp
v,
75
Jan
9
35
preferred
3%%
13% Dec
6 Y4 Mar
5
237/aMay
26
General Electric Co.
Foods
18% Deo.
Jun 19
preferred
34.000
♦43
16
Dec
20
21 y4 Feb
Oct
53
Jan
16 Ya
7
Jun
Feb
1.300
36%
*176
46%
129
29
21
36%
179 /
36%
54 Ya
25
2
4
41
Apr 18
20% Jun
47
1
new
General Cable Corp
General Cigar Inc
453/4
129 6
11% Jan
673/8 Jan
57
Malting Co Inc.l
General Bronze
53%
*31
27
Dec
1.100
47%
25
3
Jun
Dec
4.200
46%
313/4
Feb 26
27
24
177 Ya
Dec
44%
12%
36%
38%
43 Ya
12
47
129
111% Nov
107/
Apr "
23%
X45%
132
31%
18 >;
Jan
Jan
243/a
45%
*1283/4
25" ;
23Y4 Jan
July
1
467/a Jun5
.Jan
Transportation
45%
25 %
110% Mar
60
Oct
14
General Baking.
$8 preferred
10
467/a
31%
Jan
25
(The)
64 y4
196
54 Ya
129%
Nov
Apr
25
$4.50 preferred
100
46 Ya
31%
70%
53% Mar
42 y4
28
Investors
54 Ya
25%
Dec
353/4 Jan
-©einrpreferred
Amer
463/4
129
63 Y»
2
Gen
54%
70%
34% NOV
Jan
105%
70% May 29
28 Ya July
Apr
21Y4 July
Jan
3,400
46%
118%
Deo
Deo
107 Ya
•$*,'
'
16% May 6
72 y4 Feb 26
4%% conv preferred
50
Gaylord Container" Corp new_1.66Y3
r
54
71%
■>
83% Apr- 6
109% Jan. 17 /
1153
18
59%
Jan
50
34 Ya May 29 :
70'
Feb
7
•
Jan
Jan
103
27
3,100
47%
118%
;
7
.No par
10
Wood Industries Inc
54%
70%
3
12
25
Feb
59% Aug
Gar
46Ya
*117
Jan
9%
28 y4
5
84% May 10
108
9
Corp
Co
541/4
705/a
21% Jun
;
Oct
17
Gardner-Denver
107
13%
*193
Mfg
Gamewell
900
54%
118%
26
Dec
Nov
16
(Robert)
47
70
26
42 Ye
32%
Feb
Co
(The)
Inc
437/a
*116%
25Y4 Jan
83% < Jan
7
5 ;
50 Ya Feb
110%
Apr
123/3
177 Ya
,
177%
132
543/4 Feb
Mar
104
;
43Y2 Jun
27
6#preferred———20
46%
132
13
28
600
20%
63%
13%
196
12%
37
*175
107
65
133/a
243/a
12%
Dec
112 y2 Feb
18
49% Jan
1.200
21
*24
24
12
Gabriel Co
Galr Co
128
20%
108 Ya
*194
24
Jun
5
3,500
20
65
13 Ya
195 %
12
26 V*
July
15
*118
20Ya
*107
133/a
243/a
17r«;3 Jan
16% Jan
10
60
.
21
20%
195%
243/4
143/4..
*59
128
*120
207/a
113/4
36%
24
15%
60%
20 Ya"
130
20%
233/4
176
25
15
60%
'
*593/8
21%
*123;
24%
143/4
\
10
253/4 July 1934 y4 Feb 26?:
Par
1.000
14%
Dec
203/a Jan
26
EXCHANGE
8.000
203/a
25 J/4
NOV
20%
26
NEW YORK
700
103/a
203/a
18%
Nov
36Ya
37% Feb 26
Shares
203/a
25
65
25% Jan
12 Y4 Mar
88
25
preferred-
the Week
STOCK
*22
42Y4 Jan
9
Feb
42
9% Deo
Jan
193/4 Jan
.HOY* Jan,/2Z
oar
•
May 21
36Y4 Feb
5
3
STOCKS
July 9
EXCHANGE
CLOSED
6
41% Jan 4 4
vOf!
62% Nov
42Y« Jan
21" V
54 Y2 Feb
—10
,10
Corp__.
Grain &
Fruehauf
15
Jan
Jan
28
Jun
106% Jun
—100
Freeport Sulphur Co
Froedert
600
3
x66
No par
new
prior preferred
Francisco Sugar Co.
2,400
110%
1103/4
*21%
Inc
6%
1.000
22%
45%
45
preferred—
Foster-Wheeler
3,200
59
59
59
*21%
111
40%
40%
Tuesday
14
.
1
500
19
9 per share
8 per share
Corp
101
18%
29%
22
No
19%
Stores
HYa Jun
9
.
par
Pollansbee
Steel
15% Jan
14% Feb
.
5".'
?>'>?
19%
conv
11% Jan
16
26
56% Jun 20
900
153/4
28
Xl 04 Ye Apr 17
28
Mar 14
Florida Power Corp—.——7%
Florsheim Shoe class A new.No par
19%
*40%
97
'
•
23 Ya Jan
333/4 Apr
583/4 Apr
63 y4 Jan
3
,
Apr 18
26
;
9
400
5.400
12%
105
No par
Florence Stove Cor—
100
27%
26%
43%
50%
19%
27%
Sep
1
86
21% Mar 14
25
ij.-
19%
39%
45%
111
*47%
19
27%
103
101%
91
22
111
*48%
19%
28
*27%
LOW AND HIGH SALE FRICE8
July 6
s,
T*
49%
19%
28
29%
29
29
51
Monday
July 8
Saturday
—
Jan
Sep
May
-
68% Jan
61% Jan
(The) Carpet Co_.
No par
Co (The) com..-—No par
$4 preferred
lOOYa
101
17
13 Ys Jun
Flintkote
114
100%
8
lllYa Mar 6
53/4 Jan 30
29
£7
—100
No
Mar
Sep
Jan
<
Jan
1
Stores^.1
Mar
16
95
10
—
preferred—
1.200
26%
38%
*111%
114 /
Corp
5.700
61
26%
39%.---
*111%
Enamel
Fidel Phen Fire Ins N Y
62
103
93<« Jan
par
No par
No par
100
Firestone Tire & Rubber—
1073/4
61
Ferro
900
1.100
110,
6
8%Jan
——2
-
21% Aug
20 Y4 Mar
23MrJan 28
120
Federal Mln & Smelt Co
300
18%
705/a
107
200
371%
17%
713/4
*106
.No
48
37%
18%
71%
107
*46
383/4
18%
72%
*106
48
383/4
185/a
18%
18%
107
*47
39%
59
91%
111
243/4
73 Ya
19%
44
24%
59
197/a
*21%
24%
Fairbanks Morse A Oo_
.
41Y2 Apr
9
106% Jan 15
45% Mar 14
Farnsworth Televls'n & Rad Corp-1
Federal Light.Ss Traction
15
$6 preferred—
No par
73%
*27%
100%
59
Fajardo Sug Co of Pr Rico
4,100
59
19%
*28%
2.200
13%
f" *■><
19%
99
700
28
13%
31J/2
39%
28
15%
78
273/a
f.
31%
25%
51 Ya
19%
28
*76%
13%
31%
£*111%
3
28% &•
2
437/a Mar 29
1
May
46
3.50
133/a
32
60%
114
793/a
5
5
28
28
2
102 Va May 28
111
Jan 24
25
May
July
30% Feb
4
Feb
92
—1
Corp—
18
25
2
16Ye Mar 21
-50
Exchange Buffet Corp.—
1.000
56YaJun
613/4 Jun
'
2
23% Jan,
100
Oct
29 Ya May 28
par
_—
Mar
180 Ya May
2
167
July 10
2Y4 Jun 28
<16
May 4
76
May 9
Corp—
Ex-Cell-O
7
par
Co
Products
Eversharp Inc
117
5
3
105
-13%
*107
40 %
-
79
79Y4
,
73
26%
£*lllYa
11
58%
61
26%
103/a
500
Oct
1
3
pat
13%
106%
18%
73%
107
*107
27%
24%
48
-
18%
18%
72%
*78%
106%
*38%
106%
79%
27%
13%
24%
105%'106
Eureka Williams
Evans
4.600
58
common.
113.
25
Jan
No
Bldg
Feb
80 Ya Feb
27
Jan
32
May.
Jan
No
Office
-Feb
353/4 Apr
5
483A Jun 18
7Ya Jan 24
102 Yi Apr • 9
104 y4 Apr 11
No par
—f/o
129
163/feJan 28
104% Apr 24
No par
—
52
21% Apr 25
24
Jan
5
-
Jan
2
Jan
1Y4 July
75
Feb
114
Mar 13
463/4 Jan
2
,1
5 % pref series A——
Erie As Pitts RR Co
2.200
29 Y4
47%
10%
14
17
29 y4
46
*57
78%
16Ya
30
59
28'
Erie RR
700
94
47%
59
13%
*24%
17 y4
lEqultable
4
3
53/8 Jun
17 Yi
148%
137
49 Ya
100
Bervlce
$5% preferred—
$6 preferred
10.900
77
*91%
preferred
125%
40% May 22
Mar 14
67% Jan-1 3
5
.50
Dec
192%
111
46 % July 12
4
&
Engineers Public
$5 preferred—.,
266.600
165/a
77
94
17 Ya
5
16%
77
*91V*
59
28
.?•
2%
585/a
78%
v<*
25/a
lOYa
10%
■
2%
58Ys
*57
:
34%
2Ya
2%
*91 Va
H
4%
380
*109
108
34%
Radio
71
19% Jan 21
3
Mfg Co
Phonograph
Endicott Johnson Corp
10
34%
*108
*91
Mar
Jan
par
No por
Emerson Electric
313/a
*90
Feb
33
,
223/4
95
9
-
Battery
Deo
34y4
!
Jan
Apr 27
11
No par
No par
30%
Aug '
20 y4
Apr 24.
208.
109% May 24
No par
Paso Natural Gas
313/a
109%
263.-
8
3
28
Rights
23 Ya
*105
•
El
13.100
26
5
No
'Mar
Dee
.
Jan
3
Boat
$6 preferred
Electric Storage
74.900
2
108Ya May 23
1
113
Deo /;
/
58% Apr
100
—
$7 preferred—
1.400
1%
preferred
32
*92
H 0 CO £
•
Feb
191
5
*110%
69%
4% %
215
100
Ekco Products Co
4,000
pat
1
com
preferred
112%
12%
*11%
'
Oct
33% Jun
30% May 22
31'/a May 16
61" Jun 10
21
30% Jan
i
12%
*111
25 Va Jun
fl
100
69%
*111
19% Feb 26
1
Manufacturing Co
Edison Bros
30
12%
lfl
new
preferred
cum
Eaton
2.500
36%
*35%
103%
49
1,300
60%
Co
Airlines Inc
Eastern Stainless Steel Corp
Eastman Kodak Co
No
Deo
115
■
155
3
:■;.
28%
12
227
Dec
167%
Apr
111%
May 10
Jan
:
*57
27
Oct
NOV
100%
110% Jan
12
Apr
29%
29
>
Mar
•
122% Jan
17
181% Feb
Jan
Dec
Dec
Jan
22 % Jan
27
33% Jan
?4% Mar 12
30
50
■56
:
Mar:.,
18
23% Mar 14
I
:
17% Mar
47-
108Ya Mar 25
192 3 Jun ' 7
5
113% Mar 12
100
International—
,
9 per share
,
3
July
Highest
•9 per share
Apr 24
>*-62%. Jun 10
i- 48
Mar 19
July 12
Jan
84
Du P de Nemours
-
;400'
«
,;;li5% 115%.
common—No
52 ';<
22Ys July 12
Duplan Corp—
No par
(EI) & Co
20
-04.50 preferred
No par
Duquesne Light 9% 1st pfd
100
DWG Cigar Corp
5
400
2,800
"
115%-
3%%
Dunhlll
1,100'.
41%
214%
wa par
No pat
< $4 preferred series A.
No par
Dresser Industries ——-
-".200.
30,.
,X41%
{
Dovt Chemical Co
-
39 Yi
,.1-
;
^
.
Douglas Aircraft—
600;
4.000"
111
.'V
,Dome. Mines t.m
300"
■
24%,, 25
111
/
•
Feb 26-
125
Year 1945
Lowest
/ 9 per share
52 i' Mar 28
:
pat'
No par
Dr. Pepper Co.-——.Doehler-JarvlS' Corp —
1.800:
<
39
par <
Class
r
•
*
Bsaie Sinee January 1
Highest
Lowest
,
9 per share
'
Dixie Cur Co common
,*
2,200
f
yx
p/.:; >;
300
-
4
182 ,182
*118% U7%
•
EXCHANGE
.;'
370
33%
.
300
"
84.,.; .85%
213
131
*18
53 %
' ft,
22%
;
218
*115
18%
...
30
*130
115%
;.,.f
.
,^,
31
•
217%
59
-
42*4 '43%'
'
219
*
•
■17%
'237/s
183%
"
,*129% 130%'
-
•116/116 \
116 : -/>
18 '.
18
■
218
X131
:
r/
M
J
48'
tarn fat Previous
NEW YORK STOCK
'
Shares
,; 39% v39%;
*116% 118
24%
24% ""
*111 ; 113% V
32
"
218
i
23%
183%
'
*31%
-4
'*84%.:;8Si;;^;
113%
'
59
39%"
,
-*46.:;
.
;J4%".35,:;,.,;..!
25%
*111
Sale*; for
the Week
.
47
59
", 39%
117%
*117
"24%
-
,
'^47;;
:23%
23%'
,:85ya; 86%
^181- : 185" ;
.k
25 '/a
;
48
Friday v;:;
-
.
.
'
*
118% 117
",
:.V 24%
25%"
25%
,in % ui% j. *111% 113
32'A
32%
32% :32% V.
*42%
44%
.43%
43 Va *
*116
,V
:
Julyli:;:^'*, :r July 13
$ per. fhare
| ppf.«Adrt ?;,
.
'
' 34%.
.
:
-58%' ./ ' 58 v 59
39%'
*39%- 39%"
'3$: ' /^84%y/35^r
39%'
-
;
48
48%'
/{•57-»
s
,,
a
/
Thursday
/July
; " f per »har$
9per share
STOCKS
"•"
"Wednesday> •,
;
•
,
A '-y4 July 9 ;; ; 'i;
_
36 Y4
/
Mar
Dec
Dec
7% Dec
46% Dec
140
8%
Oct
Dec
34
Deo
31
Deo
133 Y4
Dec
,
THE COMMERCIAL
290
Bttorday
July'0
July 8
;
►July 9
*108%
55
54%
*
CLOSED
54%
110
♦ioo
;
38 '
37%
♦105
110
102%
110
103
103
rl01%
102
*iooy2
102%
107
49%
49%
:
320
-
38%
36%
37%
104%
106%
2,800
*104
3,800
49%
*57
57%
45
>
■
»
♦
30
4% %
Feb
>4
60
Jun
14
118
Jan
9
,
101% July 11
—Nopar
Jun .26
103
103
m_
—
,38% Dec
...
Jan
107
u
Jun
.
Ijll
"Mat
46
Dec
111%' Dec
13% Mar
i08
90
Mar
105%
96
Sep
104%
: May 17
73% May 10
106 •
Apr 13
Apr- 22
;36% Jan
3
54
•
26
2
.
—i—No-par
preferred—.;
50
27% Aug
105% NOV
103'
Wa Feb 26
.
•44% llov
July 10
*42% Apr 18
Jan
,
tper share
25% Mar
4
22% Jan:
_
(The)-.:
conv
111
107
-
preferred
22
-ihA"
r
Brothers
$4.50
•
26
Feb'26
Jan
37%
HlghCtt
I per share
49% May 21
•46% Apr 17
ilOO
'
■
108
.
9
Lowest
.tper share
6
36 y4 Feb
.100
Co
Year 1945
'■?
Highest
36% Mar
RwKnrL
-Na «por
preferred
No par
new—..J
—5
conv
Gimbel
<Glldden -Co
2.000
.
-
58
preferred
Gillette 'Safety
-
107
49
<50
57%
-
<
'* 108
-*49%
56%
56
"57%
3% %
-
•
100
56%
57%
& Rubber
Tire
Lowest
}■$; per share
20
j
4V*%j
•
60
106%
*
*104
50
•56%
57%
*56%'
108
49%
,
"
General
1.700
37%
577/a
*104
94%
106%
38
106%
Corp
preferrsd^.-u—
*109%
37%
Telephone
Gen Time Instrument Corp__No par
400
37%
110
,
General
111
53
*109%
57%
■
57%
*56'/a
*108%
■•55
110
*104%
*104
37%
38%
111
-54 y2
Range Since January 1
7*.
Par
2,200
110
58 %
■
45
55
38%
106%
51
.545%
38%
RangeTor Previous
STOCK s
EXCHANGE
Shares
55
x57%
107
50
■
44%
NEW YORK
the Week
t per share
*128%
-
*104%
58%
'57%
-1
111
•
54%
*100
107
*104ya
pbfihare
45
38%
*108%
111
■109%
102%
38%
/*109
45%
38
38 %
*36
39
111
I
share.
447/a
44%
•43%
44%
44%
*37%
*108%
8TOCK
EXCHANGE
/ $ per
tper share
# per #ftar«
f pertharo
July 18 '
July 11
.
Sales for
Friday
Thursday
Wednesday
; July 10
<
.Monday, July 15, 1940
STOCKS
SALE PRICES
LOW AND HIGH
Tuesday
'Monday
'
FINANCIAL CHRONICLE
4
Mar
26V4 Dec
Deo
Dec
25%-; Jan
39
Oct
52%
^ 56% Jun H
V59 /May 10
57
May
Jan
'
,
42%
41%
"'■MSii %'M
'■
A'*'*.
•7%
•*135%
139
42%,
>40%
•41
66
65%
106%
106%
*106
106%
106%
38%
38%
37%
11%
11%
11%
35%
*106%
4.4Q0
Goodrich Co
4,800
Goodyear Tire & RuMj
66%
106%
106%
106%
106%
X35%
36%
600
10%
10%
9
6%
8%
22%.
36%
*106%
49
48%
21%
20%
21%
36
108
36
36%
*106%
19%
19%
19%
19%
19%
19%
19%
19
61%
61%
61%
60%
61%
60
61
178%
70
70
31%
31%
.177%
177%
*68
86
*85%
86%
X85
-47%
46 %
46%
45%
46%
*106%
107%
107%
107%
47%
45%
46%
11
11%
6,200
*95
97%
80
47%
10%
*10
10%
:1Q%
10%
11
11%
94%
96
96
93%
94
*93%
94%
93%
21%
21%
21%
21%
21
21%
21%
21%
20%
63%
63%
63%
62
62
61%
61%
60 y2
61%
74
74
74%
*38%
39
*38%
•45%
46
10,700
21
63%
74%
74%
75
105% Jun
24
34 y4 Jan
3
Mar
3
107% May
115
Nov
Feb
18
12% Mar
39
Dec
74
75 %
75
-
3.400
•5
800
4.100
74%
Gulf'Oil
18
Jan
21%
Sep
33%
Dec
Sep
109 %
Nov
105
Dec
21
Feb
4
14% Jan
2iy2
Jun
14
46
Aug
65% Nov
28 ya
Jan
39%
34% Jan
Feb
14
28
188% Apr
17
Feb
5
27
Jan
Feb; 25
30% Feb
1
9% Jun
28
91% Feb
26
Jan
86
Dec
22%
Jan
x35
Dec
Apr
% Apr
104% Jan
5
52
64
4
;
28Ya
Jan
14% Mar
30% Jan 28
78
78% Jan
57 y4 Feb
21
82
25,
60% July 12
26
par
Jan
5y4:Mar
Oct
13% Jan 25
108
20% July 12
No,par
Oct
75
52%
111
8
No par
May
Jan
May 20
105
25
42
175
»
79)
.
26
107% July
161% Mar
Dec
Nov
54% May 28
May 22
Feb
Corp
Dec
141/a
25%
3
Feb
12% Aug
7% Nov
33%
764
63
x
No
Jan
18% *Jan
Oct
63%
3
Jan
30
-100
preferred—.
Jan
112
Jun 24
172
No par
•$5 conv preferred —
!Guif Mobile & Ohio RR
5%
/4%
•
40% Jun
77
Guantanamo Sugar common—
Jan 30
16
3
17 ;
(H L)
Aircraft Corp—
74% Oct
105% Mar
48
54% Feb. 26
Great Nor Iron Ore Prop—No par
Great Northern Ry 6% pfd~No par
Great Western Sugar—.
..No par
Or urn ma ii
July
AprJuly
-
102
26
106
_100
—i-.
53
Oct
Jan
Nov
40
6
-12% Jan 19
54% May 10
27 y4 Feb
8
4
5
19 % Jan
par
L
7%
165%
Feb
10
43
29% Feb
mVl,, ■/ —No
.
Co____
T)
Jan
July
25ya
•
Apr
113% Jan
3
6% Jan
30y4 Mar.
..No.par
JRtt.y flteei
(W
10% Jan
i
-5
Co Inc—
Greyhound Corp (The)—
4%% preferred-—
1.900
47
Gfftnltft
Green
800
47%
46%
'47% 48
No par
/. Preferred ——100
Green Bay & West RR—
100
1.800
107%
46
48%
10
V'
*
170
86
107%
106%
>
5.500
72
47%
107%
77
>WHMJo par
preferred
2.200
178%
70
46%
*106%
31
30%
*177
*66%!
107%
i
107
3
Grand .Union
Grant
2.900
'•
70
86
48%
47
31%
*66%
86
86
86%
*85
-
178
178%
*66%
177
178%
31%
>32
31
32
31%
>
1.500
19%
61%
*66
4
58% Jan
convertible preferred
100
61%
•2376
3
1.900
108
61
/.:'■■
:
36 y4
*106%
108%
19%
"
;;
102 % Jan
•
1,200
8
47% May 14
"88% Apr
3
.
.No par
fOraham-Palge ^Motors—
Granby Consol M -3 & -P—
15,300
>
49
21%
36%
>35%
108%
No-par
3%
147 y4
8% Jan 29
151% Jan
——No par
Gotham Hosiery—
800
49
..
Mar 25
133% July 1
35% Jan. '3
'68'
Feb-20
*
-11
.
$5
900
37%
10%
549
(B P)
$5 preferred
66
*8%
49
35%
,
,
76
105
65%
37%
22
108%
36
108
75
*104
11%
49
49
22
1
1.900
f 9ya
■8%
22%
48
22
v48
*21%
;
11
>8%
/Goebel -Brewing Co
Gold & Btock Telegraph CO—ilOO
'Goodall-Sanford Inc „-■■■>■;"/,
'--M*
60
39%'
;
77
6
•
-
3,700
145
38%
106%
66
<:
38
*37
11%
8%
9
9
76-
*103%
66 y2
38%
......
•
65%
65%
:
106%
'76y2
106%
66 %
-40
:
7%
141
142
39%
76
-
-
106%
*104
106
■
7%
7%
7%
*137
*104
76%
75%
75% *•:
75
*104
•
•7%
135%
134
134
7%
'7%
134%
'♦41%
7%
7%
vi.v,
58
28
55%
Dec
12 Va
Dec
100
30 Va
Dec
Jun
Jan
82
Jun
Jan
61%
Dec
Jan
Jan
Jan
.
49%
May 31
108% Mar
39
Jun
43% Nov
H
■r£:
*22
22%
22%
32%
46
46%
32%
32%
*113%
®*108
108%
32
32%
54%
54%
*54
13
♦12%
'12%
*167
♦
53%
53%
52
52%
700
12%
12
12%
700
imy2
*!«•>
17
11%
11%
live
11%
11%
*41
42
41
108
108
*108
82%
*31%
*82%
*188
<
33
■*>•■■■
66
66
*•**•
,
>32
.
65%
«
99
'142%
135
*132%
99
*132%
•
82%
193
*188
*97%
142%
*
'
33%
*40%
31
142%
mz
41%
41
108%
*108%
82%
82%
193
'
•32%
*188
,.M*32
11%
11%
184%
41%
82%
•
32
.
66%
66%
500
82%
193
111 '/a Feb
26
119
Apr
105% Jan
16
111
Mar 14
■4%
200
65%
66%
1,800
*131%
10
134
132%
132%
*98
100%-
*99%
100%
100
144
143
143
-
37
Feb
:__25
121
Hazel-Atlas
Hecht
Co.
3%%
Helme
W)
25
,
„No par
._No par
HerculesPowder
new
conv
33
33
32
32
600
Hewitt-Robins Inc
:41
40%
40%
40%
40%
200
31
*39
31
31
30%
30%
200
Hires Co
*29
34
35
34
900
38%
37%
38
*36%
38%
400
*31%
32%
X32%
32%
400
Holly. Sugar Corp
*34
38%
*38
32%
45%
'45%
45%
45%
45%
45%
45%
46
23
22
23
22
22%
59
59
%59
59
59
35%
34%
'-'34%
*34%
111
109%
34
'22%
2J
PR
*56V4
.
35%
lxl
34%
i
91
109%
~
*91
32%
*109%
110
91
92:
25%
25%
25
46%
*47
25%
25%
46%
47%
8%
*17%
18%
37
47
9%
,
Monday
f per thare
I per share
.
90%
57%
600
34%
1,800
111
90%
700
27%
7.400;
46%
500
7%
17
39%
8
17
40
7%
*15
38%
6,000
7%
17%
29%
12.600
28%
29
29%
28%
29%
28%
29%
45
46%
46
46
45
45
9%
9%
9%
9%
9%
9
3%%
preferred
Houston
5%
Foods
Hunt
5
2
26
26
24% Mar
9
27% Apr
16
45
July
21% Jan
139
6.300
I per share
July 10
f per share
Friday
NEW YORK
Sales for
July 12
the Week
I per share
*
138
July
Feb
90
Nov
Feb
138
21% Aug
25
Jan
32
Dec
Dec
33%
Nov
23% Jan
May 31
40
32%
Dec
17
56
Jan
6
27% Jan
3
1
35
Jan
60%
Jan
55% Oct
16%
62% Apr 22
35% Jun 26
111% Jun
26% Nov
Jan
42
11
28% Feb
Jan
17%
May 22
34% May 10
25
Aug
102
20
Sep
7
95
Apr 24
19% Jan
3
30
Apr
9
66% Jan
12% Jan
46
6
60% Feb
5
34%
7% July 12
12% Jan
25
2
17
10
83
Mar
May
17
Jun
26
33% Jan
4
Dec
54
Dec
14% Jan
34
Dec
36%
Jan
26
34% Mar 25
21
49% Jun
—u
8
Jun
Dec
May
3
3% Jan
10% Jun 24
9%
Dec
Range for Previous
Year 1945
Range Since January 1
Lowest
Lowest
Highest
t per share
Par
23 Va
45% May 17
25
Feb
STOCK
NOV
23%
Jun
$ per share
EXCHANGE
87 Va
Jan
26% Aug
27
6
Dec
29%
109% July
8%
39
May
Jan
Nov
Jun
25% Dec
63
Nov
Jan
No var
Shares
Feb
72
39% May 13
x43
39%
123
STOCKS
Thursday
July 11
Wednesday
Aug
Dec
189
*
5
55% Mar 14
25
Hupp Motor Cur Corp—
92V* Nov
130
3
Apr
106
May 2
146% Jan 21
2
106% May
No par
Inc—
SALE PRICES
Tuesday
July 9
28
Mar
$6.66%
1.300
9%
Jan
Jan
6
100
Hud Bay Min & Sm Ltd
Hudson Motor Car—
Dec
Dec
35
4
100
preferred
non-cum
Jan
22% Jan
170
41% Apr
—5
Manhattan—
Dec
17
37% Jun
100
Oil of Texas v t c.
&
Apr
29% Feb 26
Light & Power Co—No par
Houston
Hudson
Jan
Oct
71 Va
9
Dec
Nov
103%
20%
32% Jun
No par
;
Mar
ioo y4
191% Apr 10
Dec
14
134%
2
Jan
72 Va Apr
25% Feb
o
com
16%
May 23
90
38% Jan
32% Feb 26
No par
12.50
No par
-50
Howe Sound Co—
300
7.000
47
9%
new
Household Finance com
80
26%
< per share
JulyS
34%
*110
46%
17%
LOW AND HIGH
Saturday
-July 6
*56
27%
40%
4
Houdaille-Hershey
$2.25 preferred
46%
17%
■•
21%
(Del)
Homestake Mining
10.900
46%
40
28 V*
3.700
22
27%
8%
17%
*46y4
92
46
27%
40 V*
•f
-
109%
45%
47%
38%
29
46%
*90
17%
38%
28%
7%
8 Va
8
8%
*47
91
35
34
Jan
Mar
109% Mar 26
5
Hollander & Sons {A)
32%
35
34
*37%
*31%
Furnace
Nov
108
Julyll
1
(C E) The.
Holland
Dec
14
6
6
82
10
43%
104%
9%
15
130
Hinde «s Dauch Paper Co—
33%
Apr
22
26
May
135
_——5
33%
*40%
34%
Apr 26
64
-100
preferred
4
Apr
7% Jan
Oct
28
Jan
—No par
-No par
5% s,preferred
Hershey Chocolate
$4
■
98
30 % Jun
184
100
preferred-
Motors
Dec
x30
51
Mar 13
82
Jan
29%
Jan
Oct
18%
186
Dec
Dec
155
152
20% Apr
15% Jan
2
103% Jan
100
—
non-cum
Hercules
25
Jan
32
18
—
preferred
(G
1%
Co
Glass
Apr
13% Apr
2
11% July 12
121
110%
60% May 29
16% Jan 16
26
July 12
27%
Dec
105
106% Jan 24
17
12
103% Aug
11
May 23
162
Jan
99
15 y4
34% May 28
Mar 15
23
155
140
*142%
preferred
conv.
preferred—
100
Hart, Schaffner & Marx
10
Hat Corp of Amer class A
—1
4%% preferred (modified)—100
Hayes Industries Inc
al
Hayes Mfg Corp,
J9
10
-
31%
135
37%
9%
-100
Hanna <M A) Co $4,25 pld—No par
/Harbison-Walt Refrac_____.No par
41
34%
91
,
"
01%
142
142%
33
50
May 28
8
26% Jan
20%
25
Co.
Watch Co
29%
41%
*liU
-
40 Va May 13
26
.25
Water.
Printing
Hamilton
20
100%
393/,
RR
<*
1.100
'■
M O C»
108 Vb
*82%
/
420'
142 V*
37%
34%
40
5.300
*98%
*132
100%
*31%
22-/4
184 y2
*186
*
32
1
28% Feb
21% Jun
Hall
*40%
33%
31
34%
*
82%
189
189
'32%-
11%
40
41%
82%
193
2.700
181%
108%
108 Va
50
16%
11%
'••.-
186
41
*
O CO
12
103%
16%
17%
67
a65%
135
-16Va
184
181
182
•
*102
103%
*102
'17
35% Feb
.10
—No par
Hackensack
6%
*12%
t/„
180
4.9001
12%
17%
177 y2
32%
*167
54%
'*17%
175
108%
32
32%
54%
12%
If!"
90-
113%
'*12%
55
17%
102
32%
*167
17%
102
113%
*108
108%
*10S
"
900
22
22
22%
115
*113%
1.200
46%
46
46
22
115
32%
*165
*165
22
22
22%
46
500'
38
*37y4
38%
*37%
108%
*108
108 y2
•*108
39
*113% 115
115%
115
39
46
46
39
I per
share
Highest
$ per share
w
I
41%
-
39%
STOCK
41%
40
39
73
*71
EXCHANGE
*71
CLOSED
*97
32
*41
99%
42
41
39%
38
72%
72
*97
32
99%
31
31
*97
*30%
41
41
72'
40%
40%
38%
.38%
41
39%
38 %
39
5.700
72
71
71
99%
*97
99%
*97
*30%
32
*30%
RR
130
11%
•11%
11%
10%
11
107/a
11
10%
11
3.700
Illinois
32%
32%
32%
32
32%
32
32'/a
31%
32
3,600
16%
16%
17%
17%
17%
17%
17
17
17
17
700
Indianapolis Power & Lt_—No par
Industria Electrica De Mex, S A——.
48
*142
48
47
145%
*179
145
47%
48
'48%
145
145%
182
145
*179
182
*47%
143 %
48%
145
*180%
——
48 Va
2.600
143%
700
179%
46%
182
110
*140
40%
41%
40%
41%
41
41%
41
41
40%
41
20%
21%
21%
21%
21%
21%
21%
21%
20%
20%
8%
8%
8%
•8%
8%
b%
'8%
8%
8Va
8%
r%
%
.
r%
%
r%
55
*54%
55
54%
54%
108
*106%
108
106%
106%
*9%
9%
9%
9%
16%
17%
9%
248
96%
197%
,12%
36
r%
99%
16%
249
247
96%
248
13%
36%
<95%
249
96
197%
198
17
198
!12%
^95%
198
12%
36 %
127/a
37%
37%
9%
9%
9%
17%
16%
99%
*98%
100
8%
8%
<38
1
39%
46%
*247
96%
198%
12%
95
198%
250
95%
199
9
16%
147
147
47%
119
•47%
119
23%
23%'
®123%
124%
/ 24
123%
99%
99%
"8%
8%
8%
38%
38%
38%
147
':147
49%
'49
147
•
49%
122%
122%
24
123%
23%
24%
♦123%
124%
4
123
7.300
Int Business Machines
4,000
International Harvester-
740
3,800
23%
123
*99
15.800
100
7%
37%
*145%
200
38%
146%
49%
48
119%
23'/a
23
123%
123
69%
*69
3
2.100
18.100
270
49
23.700
121
3.600
*23%
1,500
123
100
Preferred
International
Mining Corp
Int Nickel of Canada—
Preferred
l68%
68 y2
68
47%
47%
47 y4
46%
47
47%
47 %
1.100
International -Shoe
57%
57
57%
56%
56%
54%
55%
2.800
International
*37%
40%
*38%
40%
*38%
40%
*38 Va
40%
22%
23%
.23
23%
23%
22%
23%
22%
22%
23
23%
23%
22%
22%
22%
22%
footnotes
see
page
296.
'
v—.-i---
17.500
:
1.800
Jan
Dec
1
72% Jan
92
Dec
4
18% Jan
38
Jun
a
34%
Dec
]
37% Jan
9
16'/a Jan
28
36
19%
22% Jan
3
151 Va Jun
17
Silver
1% preferred —
Tntern'T Telcp & Teieg—
Foreign share ctfs
55Va Jan
43 Vb Jan
53
July
No par
new.1
i—25
•
—
.No par
No par
2
3
3
39 % July 3
22% Mar 6
22:/2 Jun 26
Jan
Feb
18
Jun
Jan
104%
May: 20
54
182
166
July 10
44% Jun
6
140*
Dec
174
Jun
«
|
'i
3
22 V2 Feb
11% May
iy8Jun
59
112
11% Mar
19%
10%
Dec
57
]
Dec
Jan
Nov
8%
3
10
May 28
37% Jan
May 23
104%'Jan
109%
Oct
6% Mar
12 Va
Dec
8% Mar
147/a
Dec
74 Va Mar
178% Jan
100%
Jan
13%
Jan
34%
Dec
99
Nov
11%
Dec
i
39%
Dec
i
Dec
|
Dec
:V$
j;i
13% Feb
20 y4 Feb
16
2
250
Jun
Jun
13
Apr
11
f
6
102
202
2%
15% Apr 22
45
Jun
17'
3
75% Jan
99% Jun 24
1
July
11% Feb
427/a Feb
5
5%
Jan
5
28%
141
123
Feb
6
53% Apr
16
19%
Jan
Feb
Jan
132% Apr 16
84%
Jan
148
26% May
9
•497/a Jan; 30
57% July 10
40
193
Dec
r'4
Dec
t
Nov
?
i
f
1
129
1,
56
41
47%
16
3
Co
i
14
July
69
23
Dec
Jan
99 Va Apr
85
July
47%
23
44
84
70
55%
22%
6
Jan
125
Paper
69%
22%
Mar
Jan
19.%
^19% Mar /4
106'/2 Jan 21
•
preferred
47 y4
*37%
136
29%
15
Slater Hys of Cent AnL-i
No par
5% preferred
—
100
International Salt—»——No par
conv
55%
1.000
1
No par
100
Jan 30
Jun
Mar 13
Mar 15
Dec
23
45 y2 Jan
39% Mar 6
110y2 Mar 13
5%
47%
70
95 y4
A
7"/4
35 V2
40%
44 Vb Apr
13
-100
International
69
70
195
Jan 30
86 V\ Mar 15
190.% Jan
5
10
Mar 13
29'/2 Apr 2
new—No par
No par
——————100
Int Hydro-Elec Sys class A
23
International. Min & Chem——_5
4% preferred—
———
100
Common rights —l,—;
1.200
94%
198%
246
3%
147
4%%
94%
38%
124%
Interchemical Corp.;
198 Va
246
36
49%
-
16%
35
123%
—
1.200
37%
-146%
—
1
9%
500
12%
100
—
:
—No par
preferred-;—_—
100
Intercont'l Rubber
No par
Interlake Iron
t
——Nopar
12%
8V0
Rights
39% Jun 26
17 % Jan 2
7% Jun 21
% Jun 20
45% Mar 14
106y2Julyl0
9
July 12
13%iJan 3
—20
50
12 ya
38
:
129% Mar 22
l68J/2Mar22
Nopar
Co new
Inspiration Cons Copper
53
12%
*98%
Steel
Inland
107%
36%
38
1
No par
—100
new—
Insuranshares Ctfs Inc
26.000
8%
118
250
17
53
*106%
Industrial Rayon
lngersoll-Rand
6% preferred
Jan
8
Mar 15
10% July 10
26 y4 Feb 25
16% Jun 28
43V4May 2
-5
Co—
RR
2.000
%.
-
38 V*
*145
54
107%
Terminal
3.200
15.100
54
*106%
'
16%
4.600
'
%
*52%
*106%
For
92
29
1000
series A
Stk ctfs
32
11%
32%
May 22
Mar 13
70'/4 Apr 26
preferred series A
100
Leased lines. 4%————100
6%
99%
32
Central RR Co
Illinois
38
32
—20
100
Idaho Power Co
200
*71
600
July
31% Feb-
2
Dec
9% Mar
24
Dec
Mar
116
Dec
41% July
39
Feb
57
Dec
45%
Dec
33
Dec
33%
Dec
■'79
f
f
\j.
3
31% Feb
'
48%
2
18% Jan
187/a Jan
;
i
.
Volume 164. Number 4507
THE COMMERCIAL & FINANCIAL
LOW AND
Saturday
July 6
I per
-
tliare"
per
EXCHANGE
34
44%
.
'
CLOSED
41 %
34
17%
■
*136
33%
.
46
*45
167
*161
18%
18%
-
17%
50%
50%
51
11,3%
*112%
.
49%
41 %
33%
33%
18%
149"
136%
134%
17%
134%
62%
62%
♦111
'
*146
62.
114
111'*146
180
62
111
175
m
49%
51%
51
'106%
106%
'107
32%
32
32'
"
1.600
46%
400
167
17%
17%
2,600
51%
51%
500
113%
113%"
70
145%
147
130%
130%
62
*110
*146
62
*110
»
114
175
32
V
»
177/a
.1.000
v
52%
62
107
32 %
106 %
33
*45
*161
*51
149%
136%
,62%
40
33
46
167
51%
'49%
700
500
60
V
4
Range Since January 1
-
•'
'v.:
.■
Intertype Corp-—
Island Creek Coal
SO preferred—
Jacobs CP L) Co
Jewel Tea Co Ino
4%% preferred—
* Jan
12%
.4%
800
Joy
*32%
33%
Mar
53
100
109
,140
Mar 20
par
<100
*40
100%' Jan
17
-
t 41% Dec
30 Va Oct
v
.46
.Dec
152
Oct
19% Nov
34%
Jan
109% Aug
3
9
101
118% Aug
; Apr
150
Feb
8
108
10
137% May 21
61
NOV
Jan
140
Deo
Dec
Jan
79
Mar
19% Jan
Apr 22
Dec
116"
27%
May 22
34
22%
47
NOV
114% May
145
Nov
137% Deo
Jan
90
"
.
Sep
109
2
24% Mar 14
Jan
31,
25
53% Feb
,
1
*
Jan
Aug
Jaa
145
9
Mar 13
;
,
19 %
36
28
v-63'i V May 31
115% Feb 15
May 28
100
Jan
153
5
10A
&
Jun
59% May 29
26
Feb
17%
113% Apr
167% Apr
•130% July-12
I per share
t per share
4
24% Jan
4
Highest
Lowest
34% July
3
48% May 17
15
138
100
;
.
Apr
163
V* Jan1 3
108% Apr
No par
—
50
3
17% May
46
.100
3% % preferred
Johnson & Johnson
Mfg Co
26
23% Mar 13
.' 40
Mar. 6
-No par
800
;
Feb
148
31%
106
t per share
37
__1
31%
:15.400
Highest
I per share
Par?
No por
__No par
Johns Manville Corp
Year 1940
Lowest
Interstate Dept Stores
Joliet;
49%
106
32%
.
175"
"48%
106% -106%
/fcjRangc f of PreiieM
'
EXCHANGE
ifld preferred s?r A
Chicago RR stamped
Jones & Laughlln SteeL—;
No
5% pref series A
i
*146
51
32'4
1.400
*
62
114
v./STOCKS
NEW YOBK STOCK
Shar»t
113% 113%
147% 149
132% ;133%
51
152
*39
33%
*44%
8alea far
the Week
J ver share
41'A
*161
113%
139
-
S ver share
46
167
Friday
July 13
July 11
42
150
*31%
*
*41%
341/4
*112%
.010%' ■110%
*146 K 180
.1
41 y2
151
*62
'/■ Vi
/Thursday
19
-4 ver share'
45
113%
151
•
*161
18 %
50%-
50%
j July
33%
167
*112%
Wednesday
•
41%
'
44%
*161
July 9
t vershare
share
41%
STOCK
SALE FBICES
Tuesday
r
July 8
t
HIGH
"
Monday
-
CHRONICLE
46% NOV
Deo
105
30 Vi May
K
32%
32%
*119
*31%
*119
121
*34
35%
*62%
67
33%
121
*32%
*119
35
35
*62
34%
65%
*62
33%
121"
*31%
*119 "
35%
*41%-
43%
50%
51
20%
20%
32%
33
33
23%
23%
23%
23
57
57%
57%
58%
55%
*52
54
66
*66.
*23%
68
57%
*54
55%
66
66
24%
*54%
-66
*41%
21
*32%
24%
23%
23%
*23%
97
*96
96%
96%
96%
43%
43%
43%
107%
107 %
107%
40%
41%
40%
41
*20'/a
21%
20%
20%
43%
32%
*22V2
58%
*52
67%
121
34%
1.400
63%
43%
63%
100
43%
.21%
*311/4
23%
32%
23
*221/8
23
57%
58
8,900
*52
3.600
400
67%
67
67
400
23%
24
24
24
500
97%
97%
97%
150
*96%
43%
44%
107%
107%
40%
40%
40%
*20%
21%
44
-44%
*21
preferred
100
_10
43
107%
44
2.200
1073/a
107 3/a
930
40%
41
non-cum
Kayser
(Julius) & Co
Kelsey Hayes WhT
Class
B
new.
40%
3,000
21%
21
56
56
56
56
56%
21 'A
56 %
400
56%
56%
55%
56%
56%
55%
57%
57%
58%
58 %
1,000
58 3/4
58%
57
58
1.900
>36% May 28
122% Jan
24% Mar 13
54
Apr: 15
35
Feb
Jun
:34% Jan
28
May
6
J
22
* Mar
2
30
Jan
9
No par
48
3
60 % Apr
30
3
55
Kimberly-Clark Corp
Kinney (G R) Co
$5 prior preferred-,
Hoppers Co Inc—
iNo
58% Mar 13
par
-__1
w
86% Feb
107
10
tKresge Dept Stores
<S H> & Co
Kroger Co (The)
July
33% Jan
14% Mar
110% Jan
2
7
45% May
Nov
38%
Jan
8%
Jan
f
72 % May
Aug
Aug
Mar
26
62% May 17
65% May 22
,:
Dec
35
26
7
Apr
51
3
3
Dec
31
Jan
22% Mar
35%
107
3
44
No par
Deo
35% Dec
8
Jan
No par
38
22%
May 27
44% Jan
l
Kress
26
347/a Feb 26
100
'
70
Apr 18
28% May 29
99% Jun
7
46 & Jun
3
15% Feb 26
—No par
10
4% % preferredKresge (S S) Co
Jan
32% Jans
Jan
Jan
18% Jan
29
1
:
—
Kennecott Copper—
:J:
Deo
124
4
20% Jun-27
cl A
conv
"
Deo
67
•
34
.1
26% Feb
Mar
31%
Jan
117
13
10
>50% May
Deo
31%
Jan
18% Jan
11
67
27
Jan
20
'
3
40% Jun
;
5
Keystone Steel ft Wire Co—No
par
533/4
67%
25
97%
4%
600
583/4
54
32%
City P ft L pf ser B—No par
City Southern!
—No par
ansas
Kaufman Dept Stores™
*41%
22
•
23% Feb 26
falamazoo Stove 4b Purn.
an
333/4
65
21J/a
33
*119
34%
*41%
21%
107%
44
107%
121
*63%
23
43%
.
34%
65%
32%
*41%
33%
88
8%
12
Apr
35% July
Jan
37
67
Deo
19
Nov
96%
Dec
i
40% Deo
Mar
112
35% Nov
a
Oct
17%
»
*49% Nov
50% Oct
L
7%
73/4
7%
7%
7%
73/4
56
57%
57
57
57%
50%
50%
50%
50'A
50%
*80
89'/a
69%
693/4.,
*80
69%
89%
*80
69%
70
7%
7%
75/o
20,000
573/4
57%
50%
7%
57%
571/a
57%
1.600
513/8
50
50
900
891/8
X82
82
100
*50
89%
*80
70
69
69
14%
14%
14%
70.
*69%
14%
14%
143/a
14%
14%
14
50
pr>3/j
14%
50%
50%
50
50
x48%
48 3/8
12%
13
13
48%
50
12%
123/4
13
12%
12%
12 %
12%
1.500
41/a
10.000
4%
43/8
4%
4%
4%
*45
57
*29J/4
293/4
293/a
29%
29%
11
11%
111/8
11%
11%
56V4
563/4
561/4
57
30
293/4
293/4
37%
37%
*36%
37%
641/4
643/4
64%
*29%
f:
13%
*32%
95
*55
i ■■■''.;
4%
29%
*45
4% %
28
$3
ll'/a
11%
11%
105/a
11%
2.100
56%
563A
543/4
56 3/a
4.700
30
30
28%
293/8
600
361/4
36%
36%
37
35
36
633/4
641/4
64
61%
63%
633/4
•
1.500
2.600
-3
preferred
No par
No. par
50c non-cum 2nd pfd
Lehman
Corp
(The>_
13%
131/4
133/4
133/e
13%
13%
13%
331/4
33.1/4
33%
*32%
33%
*32i/2
331/4
100
Libby McNeill & Llbby
Life Savers Corp new_,
*94%
953/4
*94
953/4
600
96%
2.100
207%
96
96
*£06%
*55
70%
95
96
207%,
206%
60
*55
69%
69%
68%
63
62%
623/,
*62%
41%
36
42%
35%
118%
118%
411/a
36%
118 Va
35%
*116
95
96
961/4
207
206
60
96
953/4
205
203
63
-
60
*553%
60
*67%
69
300
Lima Locomotive Wks
62
700
Link Beit Co
62
Lily Tulip Cup Corp
42%
35%
43
3.500
Lion Oil
*35 5/a
35%
35%
1,000
Llnnid
118%
*117%
1183/4
*117%
1183/4
100
28.800
42%
42%
36
Refining Co
32%
22%
33
311/2
32%
273/4
29%
35%
353/4
36
35%
353A
34%
35%
5.800
Loews
81%
811/2
82%
81
793/4
81%
4.300
Lone
30%
29%
81%
30%
29%
29%
2,800
26%
Corp
JLong Bell Lumber A—*
26 3/4
27
26
26%
4,700
Lorillard
192%
193%
190
30%
28%
?8%
*28%
671/4
68
67%
37
373/4
37%
301/4
26%
193%
107%
1073/4
23%
23%
108
26%
193
29
29
67%
67%
37%
36%
37%
*193%
30
67%
108
23%
193
107%
24%
LOW AND
24
HIGH
1071%
30
29%
293/4
67
67%
64%
66 3/a
1.500
36
363/4
36%
375/o
5.500
*107
107%
107%
107 %
110
23%
1.800
231/a
Tuesday
July 9
July 10
t per share
$ per share
July'12
10% July 12
20
65% Jun
26% Jan
9
I per share
17 %
Dec
29%
Jan
44
Jan
17%
Deo
Jun
:
6%
2Va Mar
35 Va
Jan
Dec
Dec
5%
60
38% May 16
15% Apr 15
49% Feb
_
14
36%
Jan
54% Deo
May 13
33
20%
Jan
17 V4
Jan
27% Nov
35% Deo
68
Nov
S0y4 Feb >26
44 % May
14
621/4 Mar 15
74% Jan
28
51% Jan
15% Apr
15
.11% Jan
$; 30
3
Jun. 19
37% Jan 21
102
May 23
7%
Dec
Dec
Oct
101% Oct
13%
33 %
100
181
Jan
198
32
Mar
50
103% Jan
24
78
210% Mar 2'9
Jan,,3
65% Apr 11
5 Mar 13
Jan
Deo
Jan
Jan
33
4
86
78
peo
600
67
Jun
21
88
Jan
8
47%
Jan
84%
Dec
Dec
Jan
2
66
Feb
13
41%
Jan
60
Dec
36% Dec
40
Nov
(P)
23%
23
47
27% Feb >26
32% Apr 20
115% Apr 24
27% July 12
—No pat
33% Jan
series
A
100
10
42%
Dec
37 %
Deo
Oct
3
94
May 31
35
Jun
10
31% Jan
18
28
4%% cum pfd
Lukens Steel Co
Jan
14
25
No par
1
19%
25% Aug
50
Jan
10
11
Apr
Jan
186
.50
Apr
45% Jan
41
Feb
100
Louisville Gas & El A
Jan
Jan
64
10
Louisville & Nashville.;
Lowenstein (M) & Sons Inc
19%
29%
25
Co
preferred-
7%
3
1
29
43% July
43% Jan
119
25% Jun 21
Feb
27
195% Jan 30
3
Jan
61% Mar 13
32% Jan
17
72% Feb
6
32% Jun 21
43% May
Thursday
Friday
I ver share
Sales for
July 12
July 11
the Week
f per share
104% May
9
17% Jan
3
NEW YORK STOCK
103
Par
18%
Jan
Dec
32%
Jan
x32% Nov
Jan
190
Jan
31
Dec
Nov
Mar
68
Deo
13% Aug
80
rpeo
166
23%
9
30% Jan 14
f per share
52
July
Range for Previous
Year 1945
Range Since January 1
Lowest
Highest
EXCHANGE
Shares
15%
66%
7
STOCKS
Wednesday
July 8
4
72
Jan
494% Jan
1
No par
No par
;
Inc
atar Cement
SALE FBICES
Monday
July «
28
Apr
>Jan
12
486% Mar-,15
'
24%
Saturday
$ per share
194%
30
5
15
.64
Dec
Oct
AT
4j
100
80
26 3/a
28
5% Jan
No par
Preferred
Lockneed Aircraft Corp
35%
30
17% Jan
3
No par
Carbonic Corp
323/4
*192V2
6
July 11
63%
58
3%%
84%
26 3/a
4
49% Jan
Deo
Oct
54%
Nopar
35%
29%
11% May
3
.
Deo
39 %
No par
323/4
1921/4
397/a Jan
82
Apr
9'v
17% Jan 28
55% May 23
■
48%
23
No par
323/a
26
.5
-,100
-
81
29
Mar 13
7% Deo
4% Apr
81%v Jan.
24% Sep
28
—
^
35
192
Feb 26
14
;
Apr 22
102% Apr 22
5
65'
;
May 29
it
63
42%
1
;
Jan
61% Jan.
;3
i
Series B
Preferred
340
69%
*68
63
:
206 «/4
*553/4
683/4
-
62
No par
Liggett ft Myers Tobacco
953/4
10.800
.
68
Llbbay Owens Ford Glass—'-No par
13%
95%
9% Jan 24
7
4
L
Lehn & Pink Prod Corp____
Lerner Stores Corp (new)
2
37
—50
1st pfd
non-cum
'8% Jan.
43 % Jan
i
.50
4
——
Lee Rubber ft Tire_
900
56%
—No par
No par
Preferred
Non-cum
29%
4
;
Lehigh Coal & Navigation Co.
10
Lehigh Portland Cement.
ti25
Lehigh Valley RR
_50
Lehigh Valley Coal
No par
47
29%
42%
353/4
4%
57
*29%
56%
63
*117%
4
*45
29%
*291/4
421/4
hj %
4%
57
Co
*32%
60
*68%
64
*44
Light
(The)
Bryant
:
Lambert Co
Lane
13%
95%
*206%
57
1.000
Gas
33%
95
95
I
*45
500
9,200
-
Laclede
Highest I
Lowest
t per share
g per share
9 per share
M
40
STOCK
*158%
EXCHANGE
71
CLOSED
*56
XI09%
*49
40
*39%
*158%
163
71%
58
701/4
40%
163
*393/4
40%
39%
*1581%
70%
163
*158%
70%
71
70 %
*14
*21
40 %
163
40 %
*1581%
163
69%
70%
51%
27%
550
57
56 Vi
56%
54%
55%
: 2.000
110
*109%
111%
*109%
111%
400
26%
*520
14%
14%
"27
550
25%
*520
51%
300
143/4
25%
550
16
17%
1,800
New
26%
25
26
2.700
*520
550
5,400
Manati
14%
14%
15
15%
22
22%
22%
42%
14%
21%
42%
42%
*41%
43
*41%
6%
5%
5%
5%
42%
5%
*41 %
5%
6
6
9%
9'/a
5%'
9%
9%
9%
9%
9%
9%
15%
9%
15%
49i/4e
112
15%
49
110%
15%
50
153%
50%
111
*111
15 3/a
15%
503/4
112
50
*23
15%
112
Mandel
10.400
15%
X48%
250
49%
112
6,700
:
l
Bros
Maracaibo
Marine
No
Oil Exploration
Midland
Market St Ry 6% prior pfd
Marshall Field & Co
No
300
4%%
(Glenn L)
41 %
4IV4
41%
41%
41%
28%
39%
40%
28%
28 3/a
3,500
Martin
28%
283/4
23 %
28%
28
68
67
28%
67%
66%
3,200
671/4
67%
41%
41%
67%
41
67%
41%
43
42
42
36%
36%
36%
35
*201
56
111
35%
204
35%
*201
563/4
111
55%
110
36%
204
203
56
55%
111%
15%
15%
15
15%
55
55.
55
55
*111%
*57%
35%
*116
41%
*39%
58
53
*107%
112%
58%
35%
116%
41%
*112
58
35%
116
*110
15%
*521%
112%
58
36%
|
35%
116
*112
57
35%
116
*42
363/4
203
36%
*202
204
55%
56%
111%
110%
110%
16
16
3.200
55
x51
51
500
115
*112%
115
57
57
35%
f
*110%
57%
341/2
116
116
44%
40
60
60
60
59
53%
53
53%
53%
54%
53%
*42%
43%
42%
42%
*39%
39%
38%
39
60
58
58%
*
107 %
53%
108
53
29%
30%
*34-'g'
3 57a
34%
34%
34%
34%
24%
23%
24%
24%
25
26
27%
see
56%
57
30%
30%
31%
93%
93%
94
32%
32 %
32%
page
30%
56
....
56%
*31
.31%
93
93
32%
32%
30
30%
900
800
1,600
5,400
Corp—
Elec
Mathieson
7%
May
30
,
30%
No
No
,
Co
Alkali
Wks
No
preferred
Department
$3.75
$3
Stores
Stores
5.900
1.100
56
56%
2.500
29%
30
2.600
Mengel Co
94
88%
89
350
32%..
-
30%
31%
6.800
5%
2
5
20
52% Feb 26
34
Feb
26
28% Feb 26
195
Jan
8
48
Feb
26
111
Jun
18
.-18
Co
Mfg.
Co..
par
1
10
-1
(The),
—
preferred
Mercantile Stores
20% Jan 23
30% Jun
No par
1st
4
45% Feb
1
Corp
conv
11% Feb
2
8
Melville Shoe Corp
McQuav-Norris
28
20
39
par
-No
34
■
14% May 18
Jan
8
Jan
No par
—
30
12.200
9% Mar 13
13% Feb 26
McKesson & Robblns Inc
26
'-•••
8
50% Feb 26
—
34
56
24
26
No par
McGraw-Hill Pub Co
McLellan
14
46% May 31
5% May
37% Feb
•
McGraw Elec Co
Mead
19% Mar 13
36 % Feb
No
25%
,
Jun
525
57% Apr 24
1
Co
Ltd
1
50
No par
Dec ! >
Apr 22
17% July 11
30% May 28
112 Va Mar 25
100
52
Jan
Jan
Feb
Mar
108% May 29
preferred
Dec
16%
4
par
72
106%
25
par
l
39
155
Jan
12
Feb
par
31%
50
Jan
4
75
May 10
112% May 13
1
41% Jan
2
104% Jun; 11
23% Jan
3
24
Feb. 25
19% Feb 26
43
Feb
25
22% Mar 14
70
Feb
30% July
26
2
Deo;
Oct?
Jan
32%
Deo v
Jan
39%
Dec
Jan
7%
Dec
7% Mar
11%
Dec
18%
Jan
3%
15%
18%
Apr
Jan
.
42% Dec
Oct/'
Jan
111
46%
9% Mar
243/4
Mar
63%
Dec.
48
Nov
109
21%
40
27%
Sep
Jan
22% Aug
176% Jan
34% July
104% Sep
33%
195
53%
Dec
Jun
Dec
May
Dec
109% Nov
16%
Dec
5
8%
Jan
40%
Jan
55
Oct
Aug
114
Sep
118
71
43
8
"
15% Nov
May 31
122
July
25%
625
Jun
2
31% Mar 22
110% NOV
34
Nov
17
14
33% Mar
7% May
May *
55
Jan
58.
18
70
109% Jan
28
Apr
48% May 28
38% May 29
203% May 20
Dec [,
Jan
Jan
17
10
26
5
Mclntyre Porcupine Mines.
preferred
May 28
-
47%
425
Jun
12% Feb
520
par
Corp
conv.
651
111% Apr
63
28%
147
May 3
16% Apr
8
26% Jan 14
25
No
McCrory Stores Corp
3% %
2
July 12
X22% Feb
Nopar
preferred-
preferred
McCall
16
13
109% Jan
par
_100
Maytag Co
$4
107%
29%
Master
31
*55%
*90
53%
*107%
34%
32%
70
43%
29%
footnotes
2,400
39%
108
800
34
43%
Mftsonite
Co
$6 1st cum preferred
116
*39%
34%
*89
56%
33%
116
29 %
30
113
X56%
35%
116
41%
X30
130
15
40
56%
111%
16
24
55%
10
4,000
*52%
59%
*1071/4
2.500
55
58%
ji n
5C0
57
*110%
15%
1,200
204
56%
40
110
*202
55%
:
29% Jan
18
Jun
76% Jan 30
.1
Martin-Parry Corp.
67%
43
5
.100
44% Feb 20
42% May 31
160
.100
preferred
41
*42
par
5
I
Corp.
68
For
--50
Manhattan Shirt
2.300
9%
*111
10
Sugar Co.
28%
\
108% Jan
No par
40%
41
5
26
No par
—
300
5%
Feb. 27
65 % Feb
No pur
100
Copper.—Mahoning Coal RR Co
300
42
■
15%
50%
*111
23%
41%
36
154% Jan
Magma
550
22
151/2
10
100
par
:—No
4% % pfd series A
Madison Square Garden
17%
25%
*520
Forbes
Macy <R H) Co Inc
57
110
$1%
ft
preferred
Mack Trucks Inc—
5734
*21
48%
6%
1.500
109%
51 %
MacAndrews
70%
109%
*49
22%
*110%
300
561/4
109%
17
27%
*520
39%
Mar
6
110
Apr 23
27%
Jan
65%
Dec
May 27
19%
Jan
32 3A
Dec
Apr
u
9
Jan
43
Nov
48 %
Apr 22
19%
Jan
36
Dec
69
Jan
10
52
Jan
70%
Dec
3
24
Apr
41%
Dec
1087/e Mar 21
35% Apr
4
104
Sep
46% May 29
56% Jun
36
Jun
10
30%
13%
Jan
17 Va
Jan
12% Mar
109 % Nov
27
Dec 4
30 Va
Dec
25
Dec
30% Apr 22
59% Jun 28
35
Jan
473/4
Deo
35% Jun
10
14% Mar
29%
Nov
105% Jun
10
54%
87%
Nov
32% July
Jan
9
296.
2.Z
v
•
I
■I
Monday, July 15,
292
NEW YORK STOCK RECORD
f
HIGH SALE PRICES
Wednesday
Tuesday
LOW AND
Monday
July 8
Saturday^
.
July 6 ,;;
9
t per share
$ per share
'J per share
ZTOC&
*108
111
55%
111%
*110%
41%
67%
65
67%
♦51%
52%
42%
41%
52%
65
65
*63
66
170
18
18
17%
17%
17
17%
17
63
63%
63%
64
63%
63%
51%
120
42
11%
V
12
.
51
17%
173/o
119
120
*115
*118
<40%
40%
*61%
623/4
40
40
41
*393/4
41
167
166%
167
166%
135
134
134
134%
134%
93
913/4
923/4
26%
r,;
,
•
62
*33%
.
200
91%
87%
89
11,800
28%
25.200
30;
30%
800
33%
33%
32
32%
60%
60%
21
21
107
*22
59
20%
20%
1063/4
1063/4
500
■
500
3.200
30
22
22%
203/4
21%
1.600
42
42
41
413/4
1.900
*109
110
110
110
173/8
17%
17%
50%
*49 5/a
*67
70
17%
110
130
17%
17%
3.300
50
*49%
50
100
67
67
*66
69
500
22%
22%
118
Feb
Jan
56
Dec
111
Jun
37
35
Jan
36
9
Deo
63% Deo
Mar
Jan
137
14% NOT
160
Oct
28
53
Mar
75
26% Mar 18
13
Aug
26% Dec
42% Mar
5
119%July 1
533/8 July 10
19% May 28
58%
Oct
129
Mar 25
•7%Mar
109% Jan
124
Deo
44
May 31
22% Jan
37
Dec
11% July 12
38% Feb 25 ~
*45
45% May
106% May
7% Jan
25% Aug
1
Feb
$ per share
68% Apr
July 11
28% Mar 13
173/4 Jan 24
"52
' Jan
Apr
13% Pec
16%:JUtt,
49% Jun
5% Jan
.16% Jan
-
,
23
70
27
8
*.■
36
'
52%
Jan
Dec
9
23
July 11
32% Jan
2
45
Apr 22
25% Jan
36
2
178
May 31
135% Jun 17
104% May 29
79% Jan
117
Dee
47% Jan
76
Dec
21
24% Dec
Jan
129
May 10
72% Jan
10
22
13
Jan
3
Jun
21
62
Jan
29
No par
473/4 Mar
4
56
Jan
15
No par
5.
25% Feb 26
34% Jan 16 *
21% Jan
23% Mar
32% Oct
31%
Jan
473/4 Dec
9%
Jan
18% Dec
97% Mar
109% Not
—
Morrell (John) St Co—_
Motor Products Corp..
50
53
.
••
30% Apr
3
28% Feb 26
Jan 25'
36
l
16% Feb 26
22% Jun
—No par
1043/4 Jun 27
109% Feb
6
5
20% Jun 26
363/8 Mar 21
49
108% Jun 27
61
Dec
54
Mar
Deo
33% Dec
27% Apr 24
1
.100
$7 preferred
Munsingwear Inc new
Murphy Co (G C) new
4%% preferred—
Murray Corp of America
■4% preferred
Myers iF E) St Bro
Dec
53% Dec
41
«
13
;__1
;
Mulllns Mfg Co class B
.
,44
_1C
50
16% May
49% July
No par
60% May
.
May 31
66% May 29
May
8
114% Jan
2
109% Jun
115
Jan
6
22
Jan
20
13
3
7
55% Feb
15
48% NOV
70
11
53
Jan
66% Not
15%
35%
Jan
25% Dec
Jan
56
20%
Jan
37% Dec
Jun
21% Dec
Jan
52
Dec
N
*41 J/a
22%
223/4
421/2
*41%
42%
*41
39%
39%
39
39
39
39
28%
22%
*411/2
42%
39
231/a
283/4
293/a
28%
281%
29%
*41
42%
38
39%
1.400
Nash-Kelvinator Oorp
—
Nashville Chatt St St. Louis.
National Acme Co
28%
283/4
2.600
National Airlines
1
1
213/a
42%
39
29
295/s
22%
10.800
18 J/4
18 J/a
18
18%
18%
18%
16%
18
17-%
173/4
3.100
X22 J/a
221/a
22
223/g
22
22
21%
21%
1.700
National
33
333/a
202
*28%
*29%
30
30
33
30'/a
30%
33%
*202
204%
*28%
29
30
29
30
*29%
33%
*283/4
33%
*2021/4
2041/2
*283/4
29
33%
204%
33%
*202
29%
29
29%
600
34 %
33%
*201
6.600
203
*283/4
Nat
29
19
19
18%
19
18%
183/4
18%
18%
18
43%
42%
423/4
42
423/4
41
41%
393/8
34%
34
34
34
34
32%
333/a
31%
Feb
24
Feb
National Cylinder Gis Co.
1
Nat Dairy Products
—No par
National Dept Stores new
5
Nat Distillers Products—.—No par
10.400
Nat Enam At Stamoing——No par
National Gypsum Co_,
1
191/4
20
19%
20%
19%
19%
19%
19%
5.600
42
42%
41%
42
42
42%
413/4
42%
3.700
32 J/4
31
31%
31
31%
31%
31%
31%
31%
1,700
93
911/4
92
92
95
92%
96
90
93
55
*53
55
*53
56
55 J/2
*533/4
27%
IO7J/2
1073/4
1061/4
37 J/4
37 J/2
37J/4
27%
28%
27%
273/4
*106
1071/2
*1053/4
106%
*1053/4
106%
373/a
373/4
373/4
37%
36%
373/a
200%
200%
*2001%
202
*1991/2 200J/2
171
171
*169% 171
30%
343/a
343/a
62%
62I/2
107/a
11
100%
30%
*33
30%
30%
30%
100
Nov
Jan
35
Dec
Jan
59
Dec
Jan
143/4 Nov
Apr
SS3/* Nov
3.100
60
400
103/4
11
45.000
98%
100%
33%
993/4
33%
33%
300
20%
205/s
5.300
27
105 J/4
105%
*105
32%
105%
105%
105%
105%
37%
37%
37%
37%
37%
37%
37%
*36%
21%
221/4
213/8
21%
21%
123/4
123/4
211/8
13
13
13
13
CLOSED
35%
109
*109%
453/4
112
343A
108
108
13
1.400
Natomas Co
*107%
35
108%
*109%
45 7/8
443/4
4.) V4
43%
43%
44%
43%
59%
59%
59
59
25
25%
25
25%
*51
54%
54%
54%
130%
*30
130%
30%
*35
40
*66
54
130
130%
75
*66
*123% 125 %
32%
33
32%
133/4
•3%
*46%
117%,
125
32%
323/4
32%
323/4
13%
133/8
13%
13%
293/s
125%
*125
1253/4
17.900
*115
29%
110%
(
1.000
Norwich Pharmacol
110% :
28% !
22% 1
13.400
f
1.300
390
29%
-1103/8
1103/«
*110%
110% '
41
41 %
40%
41
40%
40
50%
403/4
51
403/4
51%
51%
51%
51%
51
51
51
51
16%
16%
16%
16%
16%
16%
16%
21%-
17%
22
223/8
16%
16%
22%
22%
22%
20%
21
*109%
111
27.%
28
22 J/4
.
22%
32%
33
-
:
t
r
v
>
:
"♦110%
.
^vii3% 113%
'V
14%
*109%
.
15
?118%: 119%
47
>46%
^
1
1
"175
±*32
*109
5
1
28%
22%
22 J/4
:32%
•
114
•
'>>14%
33
114
.47;
36
•.
15
-
*32
>
22%
32%
32%
113% 114%
15%.
119%
119%
47
•47.
'AT'..
35%
175
175
36%
175
'
t
*105 *
:
90%
33%
109%
91
109:
33%
109
'/
90% >90%'
*32
*
33%
109
91
110
.
•91%
22
110%
110%
-28%
28%
*22%
/15 %
36%
175
175"
Ill
28
i
*118% 119%"
v
36%
:■
111
27J/4
*21
28%
-
*22%
110%
<27%
,
22%
32
223/8
>32%
>.113%
113%
'
'
*313/4
15%
*118%
120
••■'4TZ- 47
353/4 -36%
175
-
47
903/8
296.
36
175
*32
110
*109
92
893/4
175
>
*
110
«:•
90%>
5
Feb
26
69% Jan 18
45
353% Jan 16
61% May 29
21% Jan
353/a Dec
Jan
75% Jun
Jun
Jan
7
Jun
28
246
*
2»3/4 Feb
Jan
110% July
45
1
July 12
Apr 1
-13%. Jan
;
;7
Oklahoma Gas St Elec 4%
Oliver Corp.—.
*
22
pfd—20
—No par,
f
—10
No- par
6%
-100
preferred—.
Outboard Marine- At Mfg
.
Outlet Co.
OwwruuTlllnola
28
^No par
fib——12.50
91
r
Glass
,
75
Jan
>
?
7.
24% Mar
50% Oct
258% Not
126% Not
31% Deo
Jan
15% Deo
Dee
112
38% Deo
116% Mar
>
17%
110
Jan
July
26% Mar
63% Dee
46
Apr
57
Not
6%
Jan
15'
Dee
12%
Jan
21% Dee
107 %
Jan
■
Jun :3
-24% Jan
106% Jan
11% Jan
112
.36;
17% Jan 18
120
Feb 11
.
107 >
Jan
Jan
51^& May 22
13%
23% Jan
'
2
180% May: 7
155
Jan
Oct
23% Dee
16% Aug
39% Feb
-
34% Dee
119 / Not
>18% Dee
xll8»/» Dee
34% NOT
36% Dee
168
Dee
■;22%
Jan
32% Not
111% MayY9
74
Jan
95
Apr ' 5
68
Jan
79% Dee
35
2
,
19
Jan
xll9% Jan 14
Jan 30
v Jan
,
Nov
165% Jan;
9%
3
May 23
Aug
65
19% Jan
v
114%-Mar 13 >.
56% Jan 11
•
Jan
29% July . 1
22% Jun d.4
32% Feb 25
>166 >Jan- 2
2.5Q
Oct
Dec
-19% May'15
28
27% Feb 26
410
110
118 '
16
55% Jan
•
119% Mar 7.'
14% Apr 25
115
Jan
2.
27% Feb 26
4% % convertible preferred—100
Omnibus Oorp <Th«)-;——
—6
8% conv preferred A—
10Q
—
Jun
Mar
37% Jan
„
36-
28 % Mar 13 40
Mar
219
May 22
Jan 11«!
111- ./Jan,/3'- ".- 117-
.
41
19
16% Feb
Jun
39% Nov
29
Not
Jan
39% Apr 20
5
148
Jan
162
18
53
Jan
102% Sep
14% Aug
19
288% Apr = 5
128% Apr 10
3
12% Apr
i.
Oct
17
113 % Mar 18
Mar 13
Jan
Feb
325
121
Jan 11
29% Feb 26
•
Dec
58%
103%
28%
16
45
;
27>«
Mar
32
10
37% Feb
xl6% Aug
413/4i May 28
76
May 3
135
-112
3.800
20
19
34% Apr
108% Jun 26
Oppenheim Collins.
3.100
109% Jun
.19% Feb 26
4?40* pfd
Otis Elevator——
330
9
-100
Ohio Edison Co
38% Dec
4
Ohio Oil- Co————.—No par
1.500
333/a 1
Jan
25
1.000
10
18 3/a
1SJ .Feb 26
>200
2.700
27
106% Apr 30
18% Jun 28
:
<
333/8
,
For footnotes see
•
47
35%
> 175
*32
*109
110
:
:<
32
13.700
1
-
15
29%-
Jun
26
57
10
2,300
29%
1103/s
41%
Nov
45
47% Dec
Feb
275
•
Norwalk Tlre-dt Rubbelf—No par
*
29%
110%
40%
*110% 110%
—
Nov
110
24% Feb 27
—1
2,900
410
117%
109
293/8 July 12
.100
50
Northern PadflfeJty
-100
Northern States Paw 85 pfd-No par
Northwest Airlines
——No. pat
.Northwestern-Telegraph—.1
—50 •
*115
105%
Oct
Feb 20
*111%-113%
143/4
14% '
*118% 119%
117%
106
Jan
Aug
120
Ry———100
North American Aviation.
Northern Central Ry Co_
7.200
Dec
108% Mar
37
Deo
32
9
Mar 13
No par
1
Adjust 4% non-cum pfd
North American Co_
i—5
•
-
61% Dec
Feb
35
110% May 27
111% Jan 30
24% May
Noblltt-Sparks IndU8trIes-_.M__-i._-8
170
•'
Jan
20
44
Norfolk At -Western
28% Dec
30
103
Apr
100
300
$ per share
15% Mar
50
54
520
<
I per share
30
<,
Highest
Apr
24% Jan
Light 3.90* pfd—100
stk—.—1
46
253% 2563/4
Range for Previous
-? Year 1945
Lowest
79
May 22
108% Apr
6
43% May 24
Mar 14
104
—60
46
13%
117%
preferred
29% Dee
14% Not
29
No par
No par
N Y & Harlem RR Co,
107% Dec
40% Feb 26
107
N Y SMpbldg Corp part
323/4
30
$5 non-cum
—
10
N Y Power &
125%
*115
preferred series A
Omnibus Corp
York Dock
1.100
32%
131/4
,
6%
N Y City
1.000
46%
323/4 Jan
110% May 28
-100
Central
N Y Chic At St. Louis Co—
18%
*1233/4
13%
New York
109%
258
4
No par
No par
18%
.258
53% Jan
1
New York Air Brake
Dec
24% Dec
33% Mar
10% Jan
2
Feb
Sper share
3
No par
100
pfd.100
10
Newport Industries
—_____1
4%% preferred
100
Newport News Ship St Dry Dock—1
conv
108%
109%
193/a
259-
32%
13%
46%
——
263/4 Jan
Newberry Co (J J) New
3%% preferred
New Jersey Fr & Lt Co 4%
Newmont Mining Corp
New
285
8 per share
.No par
4
800
75
*260
4% %
36
Jan
Jan
10%
Range Since January 1
Lowest
Highest-'-
Jan
45
75
19%
46%
29%
*35
285
109%
257%
2
42% May 10
8
32
31.800
*66
19 %
47%
25
53%
285
1083/4
261%
24%
45
1093A
*46
15
106% Mar
8
200
53
293/4
*35
61
*59
131%
29%
45
285
256
'
1313/4
30%
19
12% May
15
263/4 July
102% Nov
24% May 27
Feb
1.000
131
*66
29
16% Mar 15
199% Dec
22% Aug
18
Jan
106
600
293/a
47%
■
6.200
3.400
25%
125 %
29
20
29%
54
264%
29%
423/4
1073/4
283/4
25
124%
29%
41%
1073/4
108
54%
*255
19
*115,
1.100
25%
262%
117%
44%
61%
131
1083/4
19
44%
54
75
19
350
25%
285
108%
900
108
112
*60
30
*255
*1073/8
*109'/4
61%
*35
75
108
1$8
34%
34%
108
112
28%
45
Jan
32
serial preferred—100
-
28
30
285
.
400
*59
131
*66
*46
68
28%
30
65
Apr 25
25
101% Jan 24
26% Jan 19
Par
108
28
*35
*255
.
*66
43%
*1073/8
38
26% July 11
No pat
-
Nehl Corp
Neisner Bros Inc
1.200
45%
108
—
7%
1
1
Co_
Shares
28
*103
108%
*45%
28%
1073/4
*27%
35
108
112
46
28
*1293/8
$ per share
68%
45%
*1073/8
101% July
29% Feb 25
19% Mar 13
NEW YORK STOCK
EXCHANGE
the Week
July 12
108
*109%
108
72% May 17
12% Jan 24
May 16
41% Feb
4
10
Fibre
—
34
80% Feb 26
100
Co
Vulcanized
Sales for
21%
112
28%
?
13
*1091/4
28%
*115
5.300
42%
*1073/8
.
*66%
35
108
21%
453/4
42%
19
273/a
68%
36
Tea
21%
4 per share
108
353/a
35%
*108
*66%
preferred
National
8
17
STOCKS
27%
*107%
600
38
Nat
Thursday
July 11
share
108
4%%
160
105%
40% Apr
513/4 Feb 26
9% Mar 14
National Sugar Ref Co
—No par
National Supply (The) Pa_
10
$2 conv preferred
40
13
*12%
July. 10
66%
66%
800
Jan
3
22% Feb 13
30% Mar 14
—No par
28
National Steel Corp
22
22
,
107 %
Natiorial Power & Lt
1.700
27
HIGH SALE; PRICES
Wednesday
37% Dec
33
35%
21%
*
xl01% Aug
21
35%
*59
26%
68
3
323/4 Jan
Nov
20%
108
24% Jan
103% May 21
National Linen Service Corp
1
Nat Mall & St'l Cast Co
No par
National oil Products Co_
4
900
6
26%
65%
26% Dec
108
Jun
25
30
21%
*106%
54% NOV
Jan
Jan
30
104 %
EXCHANGE
Jan
13
16%
*
303/4
27
27%
37
67% Jan i29
33% Jun
4
108% Jan 24
167
27
S per
2
Sep
Sep
11
27
Jan
Jan
10%
$ per share
Dec
48
24
11%
263/4
76
177
20%
27%
Jan
152
21
$ per share
353%
July 11
Apr 10
263/4
27
96
173
263/4
STOCK
9
165
20%
t pershare
Feb
100
11
Tuesday
July 9
Nov
65
preferred B
36%
LOW AND
38
8%
20%
Monday
July 8
19% Dec
Jan
60
273/8
Saturday
July 6
Jan
24%
8
173
20%
*105
13
45% Apr 22
34% Jun 14
*169%
3.700
x
27%
*36
22% May
2
9
Mar 19
59%
33%
4
July
173/4 Jan
204
35%
*33%
Dec
195% Jan 12
593/4
33%
32 3/4
100
36
*33
Dec
41% Nov
preferred A
60
100%
May 31
1%
35%
100%
20%
13% Jan
31% Apr
12% Mar
31
—No par
10
National Lead Co
Dec
29
37
Dec
30
60
60
100%
45% Jan
26
195
Jan
5
25
x34% Dec
Oct
20%
203
351/2
100
$4.50 conv preferred
213/4 Feb
23% Mar
181%
34% Jan
-
150
17
*200%
11
10%
17% Mar 13
Dec
Dec
171
171
«
10
32%
Jan
203
62%
343/4
34
171
*109 >
303/4
*60
IOO1/2
*53
28%
37%
107
*200
**30%
55
28
28 J/a
20
37
20
28 'A
Feb
——1
42%
28
27
—No par
31%
34% Apr
Not
19% Not
9% Mar
13%
373/8 May 1
205% Apr
3
323/4 Apr 16
20
National Container
19%
20% May 28
29
26
Feb
National Can Corp
Nat Cash Register
2.600
41%
*53
Feb
413/4
16% Mar
28% Jan
303/4 Feb 26
193
14.100
323/4
X91%
26
,
No par
Bond & Share Corp
413/4 May 31
34% Jan
2
6
100
2.900
403A
34
20% May
10
preferred
16
2.100
18 3/a
433/a
T—
1%
15
52% Jan
3
Apr 15
163/4 Jan
3
Aviation
National Biscuit Co
25% Jan
26
24
Corp— —5
National Battery Co
4
100
0
Jun
32% Jan
42
1
Nat Automotive Fibres Inc
22%
202
20% May
100
,
22 3/a
:
—0
.
Dec
21% July
116
preferred series A—No par
Montgomery Ward St Co—No par.
Motor Wheel Corp
Mueller Brass Go—
Jun
July
93
-
117
$3.25
Moore-McCormack Lines Inc
173
40% Apr 30
11% Jan
3
—No per
—10
$2.56 cum pfdi.__.__
33
59
107
*106
*32
60%
20%
*49%
70
30
21
*59%
-
27%.
22%
*109
18%
50
*67
•
42%
42%
110
173/4
50
23
1345/a
30-
22
22%
-Monsanto Chemical Co,,,.
*132
■
July 11
51% Feb' 25
3
45% May 15
62% Jan
9
26
17
20
1.25
Mojnd Hosiery Co Inc new
^Monarch Mactt "Tool-
Jun
63% July 12
100
400
30
.
preferred series A
800
30
.42%
68%
89%
2,400
393/4
400
107
67%
134%
22%
21
110
7%
167
393/4
31% Feb 28
49
-No par
Mohawk - Carpet Mills
60
42
17%
22
54
22
50
*132
Mo-Kan-Texas RR_
*164
41
167
60%
*106
110
f.
*59
21%
17%'
23
*40
167
*53
42%
110
200
i
3.200
54%
21%
*49 %
40
-60
34
•
20%
•
383/4
60
63%
42%
106
3.000
29%
*106
106
11%
28%
*60
30%
*59
21%
11%'
>'
X54%
33%
60%
,
29
52%
293/4
34%
*59%
20%
.
2,900
63
52%
53%
30%
*52%
30%
100
42
54
*59 /
62%
*59
v
40%
28%
29
27%
273/4
*58
;
913/4
120
4i3/8
40%
22
167
93
*117%
62%
*613/4
21%
*21%
22
41
92%
117
11%
166
*132
3.300
11%
^62%
21%
17%
11%
41%
22%
17%
3
.
156% Jan 24
—
1.300
•17%
10
No par
cum
Minn-Honeywell Regulator
3
3.20% conv pfd series A
100
Minn Min & Mfg—
No par
Minn Moiine Power Impl—
I
86.50 -preferred—
par
Mission Corp.
-10
670
51
42%
'
".22%
119
123% jan
1st preferred
100
Minneapolis & St Louis Ry_.No par
Minn St P & SS M A vtc—No par
1.400
51
41%
11%
8%
2,800
118
Petroleum
Midland Steel Products
500
17
62
.
■51
117
-
62%
f
118%
-
«|2%
42
42
11%
.
64
53%
17%
41%
41%
41
*62%
53
17%
/ 120
*115
42
118
53
17%
*115
.
118
1.18
51%
i8%
118
,
.
Mid-Continent
60
63%
60%
51
16
100
170
63%
17%
.63%
118
18
18% Feb
2.500
50%
50%
173
17%
: 17%
61% Jun
113% Apr
42
42%
*51%
*170
65
51% Feb 26
500
55
cum
Highest
33% Mar
108 % May 10
$3.50
190
16
52%
$ per share
Metropolitan Edison 3.80% pfd__100
Miami Copper
0
110
15%
173
59
t per share
52% Apr
2
77
May -15
108% July 11
2
1.800
1093/4
*170
Inc..
Jan
•
12
16%
55
Co
38
21
110%
543/4
At
No par
1
Jun
100
62%
,
Merck
1.300
*1093/4
16
par
.
Year 1945
106% Jun
67
110
108%
42%
42
42
v
I per share
Lowest
pfd
No par
Mesta' Machine- cb—-A
67
*108
108%
54%
16%
Range Since January 1
Lowest
Highest
Merch St Mln Trans Co
200
453/4
*44%
67
Shares
YORK STOCK
EXCHANGE
the Week
111%
16%
173
-170
67
.
•
f per share
"45%
NEW
Bales for
Friday
' July 12
55%
*110
16%
*51%
52
172%
171
67%
109%
55%
41%
42
*51
*44
66
*56%
110%
16
16
16
..
$ per share
*108
65%
111
110%
56
56
CLOSED
65%
65%
65%
*108
July 11
46%
*43
45
fiTArira w:'-.-*' - 'v-v
Range for Previous
4 per share
45
45 %
45%
EXCHANGE
July 9
Thursday.
July 10
f
1Q0;
Jun
17
Deo
.
*
■
.i'-
..
Yolume 164
// '*
■
•i.-c.™
j-
■■
.
.
Ziqjugv. ..e\r.*'£ y* * >».•"* *• •;
LOW AND HIGH SALE PRICES
Monday
July 8
Tuesday
I per share
I per thare
Saturday
July 0
9perthare
CLOSED
Thursday
July 11
I per thare
I per thare
17
16%
16%
16%
23 %
23%
24%
24%
24%
16%
243/8
11 Vz
77%
77%
77%
79%
39
39
40
39ya
42
163/4
44%
44%
*39
16%
16%
NEW
243/4
77
40
41%
1st
44y4
43%
441/4
8,300
65%
65
44%
653/a
44
65
65
65%
*643/4
651/4
403/4
403/4
403/4
2,500
40%
40%
40%
40
158% 158%
*180y4 181%
*157
403/a
1583/4
*179%
181%
10
8i/a
4,900
157
/
180%
293/4
*29
157%
*157%
158%
181
157
*179%
*180%
181%
8
8%
8
29
28%
9%
9%
19%
18%
183/4
•*17%
17%
9%
49%
50
50
109 V*
*108%
10
10%
9%
*83%
88
115
*110
*83%
29
9%
9%
183/4
18%
*17
17%
50
50
*108
8%
*28%
18%
9%
18%'
*17
8
8%
50%
109%
109%
10
109%
10
9%
8
*28%
9%
18%
*17
49 y4
*109
*84
86
*84
*110
115
8
30
28%
*110
'4
36%
23,900
17%
49%
10%
17
100
2,900
300
93/i
10
6.100
84
84
100
*110
115
■
74%
4,400
38%
38%
74%
74%
76 V
76%
*74%
5%
5%
53/4
5%
5%
47%
46%
46%
47%
•30%
31%
31%
53/4
46%
31%
5%
46%
31%
31%
*72
20
20
20
19%
193/s
19%
19
*76
39%
77
363/4
'
38%
74
74%
5%
5%
X47
47%
45%
*31%
32
*31
29,700
-
600
*76%
>
Cos
47% Jun
17
34 Vi, Jan
6
67% Jun
14
48
40
48
193/4
19%
19
19
X18%
183/4
2.000
78
78
77%
77 ya
300
19
;
52
51%
52%
52
38
51%
52
37
373/4
36%
363/8
12%
12%
12
353/4
36%
8,300
Penn-Central
12
113/4
12
12
12
1,300
28%
3.200
28%
29
28%
29
28%
37
283/4
*36%
*36%
37
37
37
•113
115%
*113
115%
223/4
*113
115%
♦113
223/4
23
22%
22%
40%
41%
40%
40%
40
40%
40
483/4
483A
49
49
49
49
61
61
109
109
333/4
333/4
32%
32%
*27
29
*125
129 V*
107
107
*38
39
106%
*12
106%
121/4
14%
14%
70%
71
44%
44%
753/8
75%
•112%
113
*59
23
22%
60
1083/4
*32
*56
109
*27%
129%
*106%
*38%
*106
33%
33
333%
28
333/4
28
129%
28
♦125
109
129%
106%
39%
108
12
109%
*33
34
32%
61
109%
107
383/4
383/4
*106
12%
108
12
12
*143/a
14%
14%
14%
70%
71%
71
71%
43%
44%
44%
44%
75%
75
753/8
*75
*112%
113
*112%
113
115%
223/4
28
*35%
*113
38
200
115%
223/4
7,100
40'/8
40%
19.400
*49
50
48%
49
500
*59
60%
61
100
109
109%
H 0 CO
1,900
*30
323/4
323/4
*27
33%
29
*126%
129%
105%
105%
38%
*106%
38%
108
12%
12%
14%
14%
1083/4
*28
323/4
200
323/4
32
*27
11,000
28
*126%
100
38
129%
100
108
*103
400
38%
*106%
200
*14%
108
10
12
12
900
143/4
1,200
Pepsi-Cola Co J
Pere Marquette Ry Co
5% prior preferred
5%
preferred
Brewing Co
76
4.900
Pfizer
5,800
480
Phelps-Dodge Corp
Philadelphia Co 6% preferred
$6 preferred
No
Phila Electric Co. com
1123/4
112%
112%
112%
40
29%
28 %
29%
28%
29'/a
11.700
34
33
33%
32%
1,300
120
*118
32%
120
120
(Chas) & Co Inc
$1 preference
15%
15%
153/a
15
15 3%
15
15%
34
34%
34%
34%
4,600
34%
34%
333/4
34%
33%
33%
4,100
463/4
48%
47%
48
47%
9,300
*110%
*104%
111
111
111
*110 y4
112
400
106
106
106
*1043/4
107
100
153/8
15%
47%
47%
46%
110%
110%
111
•1043/4
105%
*1043%
105%
*30,
*127%
129
70%
71
71
71
70
71
70
33
*31
33
*31
32
*30
*30
32
126
127
70%
71%
32%
32%
*333/4
34%
•107 %
109%
111
*31
*34
32
*31
34%
*107%
34%
34%
109%
*107%
109%
•
*135
*135
133/8
13
101 Vz
100
*13%
*100
25%
25%
27%
*26
32
129%
*127%
13%
100
25%
*25%
lis
*31%
*1273/4
*33%
34%
*107%
109%
*135
13%
13%
—
263/4
101%
25
25%
243/4
*25%
263/4
*25%
*100
•197
*197
*197
197
*209
*209
*209
40%
40
403%
10%
11
173/4
103/4
173/4
10%
173/4
140
•128
*128
18%
140
31%
129%
20
71 y8
4.800
32
34%
34
*108%
13
131/4
2,300
101%
10
$5
24%
24%
6,400
Pitts
25%
25%
100
251/4
263/4
197
20
*197
*209
393/4
39%
39%
ny4
103/4
11%
103/4
18%
17%
17%
17
*128
140
90%
90%
89%
90%
89%
90%
91%
92
88%
89
90
89
90
90y4
901/4
28%
*26
28%
*198
•198
28%
28
*20%
21
*26%
28%
*198
273/4
273/4
*26
28%
*198
*27%
28%
2,700
17%
140
1,900
92%
90
88%
4,100
39%
10%
340
92
200
*90
*26%
28%
*198
271/4
27%
253/4
21%
21%
20
21%
300
27%
273/4
281/4
5.500
39
38%
193/4
300
26%
21%
213/4
26%
263/4
27%
40
38
38
*38
40
20%
193/4
20
20
20
193/4
193/4
38%
19%.
23%
233/4
23%
24
233/4
24
231/4
231/4
22%
55
55%
55%
55%
55%
55%
55
20%
66%
56%
*1021/4
39%
27%
66"%
57'/4
104
39%
273/a
66%
66%
*20
22
27%
273/a
*55
67
66%
57%
58
58%
*102%
104
*102%
40
40%
27
27%
27%
*38
66%
61%
104
39%
40%
27
27%
66 %
39%
27%
56%
104
*102 7/8
40
x39J/8
27%
109%
110
110
111
110%
111
111
112
115%
116%
116
117
116
117
116%
1171/4
121%
124
123
124
123
125
123 Va
125
135
136
135
135%
134%
135%
113%
113%
114
114
114
61%
61%
25%
263/s
113%
•111
353/4
353/4
*113%
61
62
26%
*111
263/8
113%
*353/8
623/4
62%
36
26 y4
263/4
111
111
36%
36%
135
36
4,700
Procter
58%
7,200
Publicker
St
$4.75
104
9 per
thare
Monday
2,200
271/4
6,100
610
X115%
117%
840
6%
1241/4
1253/4
710
7%
240
26%
26%
10,500
112%
353/4
100
Wednesday
July 10
Thursday
July 11
9 per thare
I per thare
I perthare
I per thare
23%
23%
*23
233/8
100
100
89% Feb 20
115'
32
Apr 28
July 12
Maris
32
25
111% Jan
14
88% Jan
38
Jan
4
21
106% Apr 12
10% Mar 13
13
Apr
2
Nov-
46
Dec.
69
Jan
06% Nov
14% Jan
43% Nov
11
40% Jan
36% Jan
21 < July
19% Jan
38% Nov
43% Jun
92% Jan
63
Jan
119% Nov
116% Jun
26
41% Deo
108
Mar
17
Jun
19
109% Jun
17
43% Mar 18
109
Mar 12
14% Apr
16% Feb
9
5
80
36 Va Jan
21
x48
111
May
7
May
May 23
76% Jan 22
760
700
8%
*23
23%
Friday
Bales for
July 12
25
Jan
118
27
122
May 16
117
Aug
15
Feb
Mar 13
32% Jun 26
42% Feb 27
103% Feb
102
7
Apr 27
25% Feb 27 *•
123% Jun 20
49
Feb
30
Feb
27
27
30% May 16
306% Jan
117% Jan
18
1
19 y« Feb
5
47
Jan
17
71
Jan
28
112
Jun
10
106
36
Jan
8
128% May
1
73% Jun
A
9 per thare
*23
400
31.800
122
19%
Apr
Nov
44% Deo
74
Sep
113
Apr
14% Jan
111
Mar
34%
124
Dec
Dec
Jan
11
35
35% Jan
15
41
Feb
7
May
3
106
15% Feb
8
Feb
16
26% May
8
Feb
25
Jan
'
Jan
105
Sep
118% Aug
Jan
20% Dec
15% Jan
3
30
202
126
14
210
Mar 29
39% July 12
Mar 13
48% Jan
15
14
30
6%
Jan
14% Jan
22% Feb 16
8%
Jan
Sep
11% Dec
106
Dec
23% Nov
May 15
Jan
Dec
37% Nov
108% Feb
8% Mar
85%
July 11
197
203
10
3
8
Jan
25%
Dee
Jan
205%
39% Dec
July
44%
Dec
12%
15%
Deo
Dee
190
Jan
7
65% Jan
3
Mar 25
83
25% Apr
15
Feb
27
99
96% Jun
14
49% Mar
69%
68
Feb
91
21
Jan
43%
198
123
4
31% Mar 12
Jun
198
Jun
12% Jan
22
Dec
141
92
May 28
34% Jan
18
July
Feb
Jun
26
33% Feb
6
21
17%
Jan
27% Dec
25%
Dec
Feb
16
16% Jan
26%
Deo
63% Feb
18
71% Apr
27
55
Mar
66% Nov
Dec
67
May 14
105% May 22
41
3
July
30% Jun
1
10
17
Jan
20
115% Jan
10
102%
Feb
110% Jun 20
126
115
2
Jan
Jun
20
139% May 10
119% Jun
-100
Jun
33%
23 ye Jan
100
Jun
24% Jan
12% Jan
106 % Jun
19
Jun
7
54% Jun
44% May
117% Oct
27% Feb
30
26
Mar
1
29
July 1
39% Mar 18
19% July 12
22% Jun 20
62
20
150
17
27% Nov
115%
Dec
106% Jan
126
Dec
110
138
Nov
Jan
8
117% Feb
15
121% Jan
1123/4 Oct
58% Mar 14
69% Jan
15
47% Jan
65%
Oct
19% Feb 26
100
28% May 28
17
Jan
24%
Dec
106
May
113 % July
No par
No par
par
Jan
Mar 19
115% Jun
13
32% May 16
38% Feb
4
108
100
No par
23% Jan
*148% Nov
118
Jan
112% Nov
35
Nov
Range for Previous
Year 1945
Range Since January 1
STOCK
EXCHANGE
Lowest
Lowest
Sharet
23%
Oct
29% Nov
29% Nov
59% Dec
110
102
NEW YORK
56 y8 July
107% Sep
115
11
136
—No par
conv.
12% Aug
31% Mar
36% Dec
40% Deo
71% Dec
44% Jan
10% Jan
2
97 % May 17
21% Mar 13
50
pfd $5
Jan
21% Jan
Dec
10
8
23% Jan
106%
13
15% Nov
July 11
12
Mar
134
1
JThai
the Week
Jan
July 10
1
preferred
Purity Bakeries Corp
Jan
57
34
100
Pullman Inc
5%
25
30% May
preferred
preferred—
preferred
Pure Oil
9% Jan
19% Aug
25
Inc.—
5
preferred—No par
Pub Ser El & Gas
-
Jan
26
-25
Gamble
Apr
25
No par
ser
8
6
65
j
105% Nov
13
35% Jan
46% Nov
.49-
30% Jan
Jun
;
Apr
.24% Dec
'
25
51% Jan
132-
37% Mar
July 1
May 22
Apr 22
8TOCKS
Tuesday
July 9
23%
68'
Public Service Co of Colorado
20
Pub Serv Corp of N J
No par
$5 preferred
No par
393/4
IIO1/4
4.700
July 8
23%
2
Industries,
cum.
LOW AND HIGH SALE PRICES
Saturday
July 6
Jan
Pressed Steel Car Co Inc
26%
35%
43
49
22
601/2
36
—5
Pittsburgh Steel Co—No par
ffr preferred class B———100
5 % preferred class A
100
5%% 1st ser Cony pr pfd—100
Pittsburgh & West Va
100
Pitts Young & Ash pfd
100
IIO1/4
*111
27
2
135
114
Feb
20% July
113%
27
X40
16
x21% Mar
601/4
261/4
10
113
Dec
Aug
Chemical Co—No par
preferred
Nov
20%
Pittsburgh Forglngs Co
—
1
Wayne St Chic Ry
100
7% preferred.——
-100
Pitts Plate Glass Co————10
Pitts Screw St Bolt.
——-No par
4%%
Jun
Deo
30% Deo
27% Feb
Plough Inc new
Plymouth Oil Co——
Dec
17%
Jan
111
23
Jan
/May
33%
33 Va
9
5
134%
*1103/4
115
May
9
Pond Creek Pocahontas
No par
Poor & Co class B—————No par
113%
62%
12
72
Dec
-
19 •«:
July 11
31%Junl4
114
611/a
37
3
1351/4
*113%
28
27% Feb
—
24% Mar
Jan
47 % Feb
Pitts Ft
66
66
62
*102%
Jan
16% Feb
18% Jan
600
Deo
27% Jan 24
No par
(The)-.
17%
Oct
'
21% Jun 26
-No par
Consolidation Coal Co
1
Pittston Co.
Deo
>18
30% Jan
25
Deo
30
40
preferred—
conv
5%
21% Jan
6% Mar
21% Jan
11% Aug
3,500
55%
26%
*38
Coke 8c
78% Deo
39% Nov
59
3,400
23
55
1,100
110
100
No par
9
Deo
July
5?% Deo
Jan
-50
100
Hosiery
2%
1
-
Deo
110
57% Feb
100
Pillsbury Mills Inc
$4 preferred
*100
*128
*26
Phoenix
13%
40%
140
100
109 Vz
Phillips Jones Corp
1% preferred
14%
*80%
32 % Jan *
par
preferred
*39% Nov
1111
Oct
Oct
par
3
—5
Phillips Petroleum
Deo
Dec
29% Feb
'45% Jan
par
Pitts C C & St Louis RR—
40
*128
100
*135
10%
*18
200
Pitts
*209
403%
31 Va
*1273/4
101 Vz
131/4
*100
25%
32
129%
series
21
20
No par
J 00
Corp.
Philip Morris & Co Ltd
4% preferred
3.60%
Jun
35% July 12
11% July 11
23% Mar 4
28% Feb
100
;
79% Jun
50
Philco
48%
4
Dec
Deo
27% Mar
29
Jan
12
106%
17
24% Jan
25
No
com
47%
15%
22% Jun
49•
1
4.4%
preferred
Phila & Read Coal & Iron
*119y8
26
^
No par
753/a
29
25
Apr. 30
7% Jan 29
48% May 21
34% Jun
4
67
100
—5
43%
32%
Feb
13% Feb
100
-
72%
29%
14% Jan 10
90 ye Apr
32%
29
29% Apr
106% Sep
4% Mar
56
Jan
110
85
xl8% July 12
No par
4Vt% 2nd preferredPetroleum Corp of America
74%
32%
3
28% Jan
100
421/4
28%
9
22
Apr 30
82
100
Pet Milk Co
Pfeiffer
20% Apr
56% Apr
57
33%c
753/4
32 y4
*118
Co
75%
29%
120
Eastern Ry
443/a
32%
*118
&
16% Jan
5% Jan
10
111
Dec
16% Mar
13% Jan
5
Jan
36% July
—No par
713/4
32%
120%
Corpi
6
May 1
May 9
39% July 11
1
10
5% preferred-'
Penn Power & Light Co—No
Pennsylvania RR
Pennsylvania Salt Mfg Co—
Peoples Drug Stores Inc
Peoples G L & Coke (Chic)—
Peoria
3
12% Feb
52% Jan
7
43%
*75
28%
*119
Corp.—
—
22%
40%
*59
37% Jan
—No par
new
Airlines
Penn Glass Sand
22
27
l07%Jutt26
par
Penn Coal St Coke Corp
—
Penn-Dlxie Cement- Co new—
29
34% Apr
9
May 6
17% July 12
16% Jun 26
4% Jan
51
37
23% Mar 14
35% Jan
373/4
28%
Aug
No par
JJ.50
12%
*36%
Jun
10
1
-No
(J C) CO
175
1
Penick & Ford
Penney
Jan
Mar
26
1
Mines
52%
6,200
149%
160%
Mar 26
11% Feb
1
38%
•
121%; Jan
181
9% July 12
75% Feb 26
*38
523/4
160% Jun 13
8
108% Jan 10
*12
51 Vz
6
3
July
100
,
Consolidated
'Nov
Mar
2%
8
Tllford Inc
46
*60% Oct
Jan
B
Parmelee Transportation——No par
Patino Mines & Enterprises
5
19%
19
Apr
142
.10
Parker Rust Proof Co—
19%
28
—No par
New
Utah
Jun
Jan
171"
1
No par
Inc
Dec
24
4% conv preferred
Paramount Pictures Inc
Park &
Jan
4
56 y4 Mar
200
193/4
79
Paraffine
24
40% Jan
No par
Parke Davis St Co
193/4
*77'%
29
23% Nov
89% Nov
42
Dec
900
32
19
19
Pan-Amer Petrol & Transp
Park
20
79
34% Jan
Panhandle East Pipe Line—No par
4%
preferred.
J.
100
Panhandle Prod.: *
*
4.400
46
Jan
45 V* Mar
Airways Corp
5,300
53/4
11%
86% Mar 19
48
Mar 18
No par
Packard Motor Car
Pan American
49
22%
25% July 11
—
100
.——100 '
27,600
109
Jan
2
19
Telep & Teleg
preferred—
9%
85%
37
6%
18%
48
13%
Jan
Feb
Pacific Tin Consol'd Corp
Pacific Western Oil Corp—
93/a
115
36%
Pacific
.
17
109
19% Jan 22
18
Electric
&
9 per share
15% Mar 14
Pacific Lighting Corp
Mills new.
173/4
93/4
72%
70%
600
Gas
Highest
I per thare
77
Pacific
50
29
■
Year 1945
9 per thare
10
preferred non-cum
Pacific
9 per share
lowest
No par
No par
non-cum
18%
110
9%
88
115
*110
8y4
2.100
preferred
2nd
640
65%
180 Vz
Range Since January 1
Lowest
v
Highest
Paclflo Amer Fisheries Inc—
Pacific Coast Co
90
40 Vz
443/4
Range for Previous
STOCK
Par
550
X77
YORK
EXCHANGE
800
243/8
25%
65
*155
,
Sharet
40%
44%
44%
Sales for
the Week
f perthare
80%
39
77%
39%
Friday
July 12
16%
23
16%
••
•
STOCKS
Wednesday
July 10
July 9
11 Vz
.
STOCK
EXCHANGE
•
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4507
9 per thare
Par
Quaker State Oil Ref Corp—
Highest
9 per thare
19% Feb 20
24
May
19
3
9 per thare
15% Jan
Highest
9 per thare
22% Deo
R
14%
14%
14%
143/4
14%
143/4
14%
143/4
14%
143/4
STOCK
93%
94%
94%
94%
94
94
93%
94
94
94
EXCHANGE
21%
21%
213/«
22
22
22%
213/4
22%
21%
21%
1103/4
1103/4
11.800
1103/4
IO93/4
110%
150
CLOSED
45
*44
*1093/4 iio3/4
*44
45
*1093/4
111
*110
1
800
44
42%
43
27%
27%,
283/a
29 y4
29
293/a
28%
29 y4
28%
373/4
38
373/4
373/4
373/4
373/4
37%
37%
38
38
27
27%
1,900
263/4
27%
X26%
27 yt
263/4
26 3/4
26
26%
1,800
.
*50%
52
*44%
46
*25%
27%
*50%
46
..
*25%
43%
52
46
,
52
*45
25%
*50%
52
*50
46%
*45
46%
*45%
26%
*50%
..
27
43
*25
26%
25%
*
./
43
500
29
7.700
52
46%
300
26
500
*111
112
111
111
113
b 114
*111
114
41
41
41 y4
42
40
40
393/4
393%
24
23
23%
23
23
22%
23
41%
41%
*23%
23%
*95%
.96%
*23%
96%
97%
*108
111%
112
112
*963/4
98
*112
1093/4
*96%
112%
*111
111%
109
97%
*953/4
112%
97
'
48 %
*102%
30 y8
49%
105
30%
For footnotes see page
296,
483/4
49 y4
48%
102%
102%
*1013/4
30
30%
31
49%
105
313/4
49" •
49%
*1013/4 105
32
32%
48
•101%
31%
20
109
140
Raybestos Manhattan
Rayonler Inc.
(2 preferred
Preferred
Reis
(Robt)
.———100
———
& Co
1st pfd—.
Reliable Stores Corp
Reliance
100
5.100
103%
100
3,900
No par.
Mfg Co new——————5
Conv pfd 3% %
Remington-Rand *
series——100
Preferred with warrants
Reo
100
Motors,
Inc
L-l 25
——1
10% Jan
78% Jan
90%
Oct
7% Mar
18%
Dec
Feb
Jan
3
49% Feb
213/4 Jan
3
33
41
-
——50
4% non-cum 1st preferred
50
4% non-cum 2nd preferred
50.
Real Silk Hosiery.
—5
Reading Company
1,100
.
pfd—100
No par
1
—29
Jan 28
96% Mar 19
28% Apr 24
112% Feb 11
14% Jun 26
87
1
Ralston Purina Co 3%%
1.100
/
48%
32
Radlo-Kelth-Orp* *mm
7
15% Jan
3
109% Jan 10
Radio Corp of Amer
No par
(3.50 conv 1st preferred—No par
37-
Jan * 3
26% Apr 15
493/8 Mar 6
Feb
8
22% Mar 14
43,
106% Jan
95
4
Mar 19
27% Jan
7
21% Jun 26
95 Vz July 2
32% Mar 13
101% Mar 8
25% Feb 26
39-
6
May 14
Apr 9
33% Feb
4
53% Jun 20
46% Jan
9
31
Apr 17
112% Feb
4
125% Jan
45 Va Apr
103
July
33
Aug
16
Mar
19%
111
Dec
Dec
43% Dec
25
Nov
34% Jan
38% Jun
19% Jan
29% Mar
43
Mar
60%
Dec
Jan
46%
Dec
11% Jan
28%
Dec
Jun
36%
102% Oct
137
17
69% July
143
22
17
Jan
22%
Jan
Deo
31%
Dee
36%
Dec
27 3/4 May 11
101
May 18
50% Jun
3
105% Apr
33% Jun
3
7
99% Jan
15% Jan
102% Aug
Dec
.29
'
\
^
.,■
'■-in,'
■
tr\i
THE COMMERCIAL &
294
Monday; July IS, 1946-
FINANCIAL CHRONICLE
NEW YORK STOCK RECORD
AND
I.OW
y
July #
i;
Tuesday
Monday
Saturday
July 8
July 9
f per share
$ per share
*■
/
12%
38 %'
CLOSED
18%
18'A
39
18%
EXCHANGE
125/2
35%
35%
•1221/*
124%
22%
*22
*124
35
35
:
18%
18%
,10%
125/2
12%
19%
30%
'
:
29'A
103%
*108%
109%
34'A
35 %
124
235/a
235/a
445/a
44%
49
48%
43%
*475/2
49
108
108
*1075/2
IO31/2
1075/2
108
34%
34%
18%
18%
*38'/4
40'/4
405/4
*38'A
46% Jun
10-'
43
10%
10
10'/a
91
*27%
54%
54%
54%
55 3
54%
26%
27
.54%
•: 55
31%
31%
31%
31%
32
32'A
3^.78
33
31%
33%
59%
60
58%
59
59
59
58%
59
57%
575%
*51%
1.200
.54,
3.900
Dec
Nov
24%
Oct
110
Nov
37
Dec
Jan
Jan
16
98
Jan
117%
Dec
16
14%
Jan
23%
Dec
6
31%
Jan
40
50
Jun 17
108% Feb 25
Jun
38
99%
10
14
Feb
20
26
26
Apr 29
13% Feb
5
Mar 13
30% Jun
Oct
106
Dec
265%
10'A
16%
44
9% Jun
Sep
46'A NOV
16'A Mar
20% May 28
Feb
,
37% Mar
v
„
26
Jan
18% Not
Jan
31
6% Aug
3
19'A
Dec
Dec
12'A
Dec
29%
Apr
Nov
May 29
33
Mar
48
Oct
34'A Jan
9
21
Sep
34
Dec
64
8
37
Jan
56
Nov
433/4 Mar 13
65
245/2 Mar 14
...
115
15%
22'/4 Mar 11
25
33%
Jan
87'A Jan
Richfield
•1.000
Jan
11%
285/4 Feb
2
? Mlg
Co—I •■•
Oil Corp—
No par
Company
A'o par
Roan Antelope Copper Mines
Royal Typewriter—.—
1
Ruberoid Cn 'The)
No pa'
Ruppert, Jacob
5
Dec
15
136
18
1043/4 Jan
100
series-
455/aJan
7
Feb
Rheem
4,200
977/,
1
——
.
102 5/2
Apr 20
31% May 28
110 'A Jan
3
106'/a Mar 11
313/4 Jan
19% Jan
16
118
185/aMar 14
Bitter
54%
-
2
Preferred 3.60%
.
10%
10 5/4
27%
27%
3
375/2 Jan
Tob class B
Common,
6.400
39
*37
26%
V
2
20% Jan
10
Spring
Reynolds (R J)
2.800
19
18%
19'A
0-77/,,
10'/8
277/a
,
33%
335/4
34%.
18 5/2
lo'A
113% Jan
Reynolds
1.100
345/2
40% Feb
No par
100
1
9,000
43%
18%
21% Feb 21
4
40
300
445/4
*22
17% Feb
20
2
110
*47%:
,
*123
1245/4
22%
*121
1245/4
23%
44y4
:.
26
Jun
29% Jan
100
$ per share
25
125/4 Jun
17
110% Jan
1,500
>
Highest
7% Aug
8
100
No par
17.200
$ per share
share
Wo par
Republic Steel Corp:
6 % conv prior pfd ser A.
Copper ft Brass
55/4 % preferred-——u.
Reynolds Metals Co—5%% conv preferred
130
35%
*351/2
44
40'A
.10
28%
S per
Lowest,
24% Apr
7
Revere
21,600
115%
30
103
35%
$1 conv preferred
13.000
>.
*1145/8
295A
109
38
36%
•39
115%
*115
235/a
48%
;
38%
19%
19
19%
19
39'A
153/4 Jan
...1
50c
10
Fear l'J45
*
Highest
$ per share
Par
'
6.400
124
,
:.
*39
'40%
10%
•39
12%
355/a
108% 108%
34%
35
185/4
18%
IO674
108
12%
109
22%
48
13
115%
Lowest
Republic Aviation Corp
Republic Pictures
4.900
29%
43'A'.. 44%
mi*m
48%
48%
44
19%
18%
126
;•
22%
19%
387/s
109%
35%
355/2
20'/a
*115:
30%
Xl09%
19%
Range Since January 1
STOCK
YORK
EXCHANGE
Shares
f per share
$ per share
20
12'A
115%
:
30
110
109
the Week
19%
395A
38
*115
»114y4ll5%
29%
30%
NEW
8ales for
July 12
'
19%
12%
18'A
19%
19%
12%
19%
STOCK
Friday
July 11
$ per share
•
t per share
Thursday
July 10
<
Range for Previous
STOCKS
HIGH BALE PRICES
Wednesday
S
323/4
32%
32%
32%
32'%
1143/8
114
'
140
1145/2
14%
14%
14%
14%
14%
145/2
145/4
145/4
133/4
b6
88
90 y4
92
9a-/a
933/4
965/2
92!/4
933/4
58
58
58
58%
59%
595%
59
61
59
60
109
110
*108
2.800
14
87%
♦110
"
*110
110%
,
110%
*110
110%
,
.
33%
34%
*66%;
69%
♦66V2
35%
13%
*12'/a
*66
4.600
,
5%
35
1
355/4
13
12%
123/4
12%
125/8
*12y8
12%
44%
44%
44%
44%
443/a
443/4
445/a
443/4
26.800
21%
21%
21%
21%
21%
21%
21
215/4
21
3,200
20%
20%
21%
22%
22
22%
22 >/4
22%
21%
22
.5.000
20
20%
2oy&
20%
20 %
205/a
203/a
20%
205/a
20%
112 Va
112%
112%
•110%
26%
36%
36%
26%
37 Va
34
36
33%
112 ye
112
26 3/8
26 5/2
27%
27
28'/a
37
375/4
36%
37
355/2
365/2
2.900
331%
'
33%
33>/a
33%
32'/4
323/4
700
*85
;
89%
j
24
*23%
24%
24
83%
♦si y
83%
*81
24'
♦80
89%
*85
89%
*85
89 Va
Sharon
41%
41
24
*24
*81
833/4
411/4
42
(W
Shell Union Oil—
41%
41%
11%
11%
11
II
10%
10%
10%
10%
105/4
10%
9.300
Silver King
51
51
511/2
51%
515/2
51%
51
51
1,000
54%
55%
*54%
56
56
56
54
18%
19
18%
19
18%
19
81
*79%
81%
23%
801/2
80 5/2
23%
233/a
*79
23
23%
23%
*23%
24
*23%
.72%
*49%
106%
106%
.6%
6%.
55
54'%
i>"
59%
86
p
415/2
411/2
17J/4
18 y8
35,900
65/8
3.500
6'%
6»/a
6'/a
543/4
545/2
543/4
54
54'/4
543/4
55
535/2
54
2.600
*1831
190
6'A
190
*182
30%
30
65 y8
60,
66%
65%
*87%
88%
88%
*85
87
87
*29%
88
39%
,
v 39%
61
305/2
900
65%
,9.100
*
><
64
601/a
60
1.200
595/2
1.300
*110%
110
10 »/2
:
24
24%
105/a
105/4
21%
*21
22
*21
♦104
109
*104
22
♦20%
22
10%
10%
10%
10%
10%
*20%
24%
24
24
*104
109
47%
47%
*47%
30%
ioy8
205/2
9%
*20'/a
6.400
,
*
109
*104
109
1.600
24%
24
"
*47%:
48
48
485/a
600
485%
485/2
49
1
•
30%
30%
*82%
84%
*40'-;
116
47
;
,
5.200
305/4
86
86
300
275/3
29
14.900
104%
105
22 3%
21%
22
J 141%
55%
54%
-
104
104%
21%
20%
51
53%
X1133/1
50
130
»
*1115/2
48%
1
*128
141%
140
130
127
1383/4
555/a
1405/2
55%
46%
47 "
78%
78'/4
78%
763/4
;
:
29%
29%
30
29%
30
553/a
*
463/a
*106%
1073/4
1073/4
♦1065/2
20%
21/
20
20%
197/a
*50 "
*50
51
54%
56%
55
51%
55
III
*109
111;
♦109 v
►
53%
53%
535/4
535/4
*523/4
51
50
*50
54
*109%
54%
111
-
52%
*109
50
50
545/4
52
111
*109
200
4.200
52%
111
23%
r
24
23%
•
35%
21% ; 21%
/. 33%
20%
20
:
i
36
23%
,34
21%
23%
235/2
23%
235/4
235%
1.700
35
355/4
36
35
355/2
2.800
21%
21%
215%
21%
21%
;
•
20%
20%
20
20%
20
20 5/2
36%
35%
37
353/8
36%
345/4
355/2
19%'
*108%
109%
19%
109 %
20
*108%
;
5%
205/4
20'%
20%
20%
*1085/2
1095/2
*1085/2
10.800
.
stk
100'
100
tr ctfs
.
No Pa*.
>'75%
I 122
121
12 :
75%- 75%
*120%' 121 r
-
12
yi2%
52%
53
53%
20% k20%
vmm
51
¥•
44
-
y
53%
20%
-•
♦31
31%
Sun
1095/2
20%
32
12
53
,19%
31
75'A
121
75%
*75
3.800
122
121
12%
11%
'
Chemical
535/a
203/a
,19%
20
193/a
20
31%
30%
31
30
305/a
149%
149%
I4y 5/4
51%
51%
513/4
44%
44
443/a
*70
*70
72
*145
51
*435/2
53%
52
153
*145
•
200
150,
51
«
">
52
1.700
44%
1.500
40%
40%
40
72%
40%
39%
40%.
40% >41
40%
41
33%
33 y4
33
33%
32%
335/4
33
33'/4
33%
4.400
31%
32 Va
30%
31%
31%
31%
31
29%
303/4
8.900
♦107%
108 y4
108%
108%
*107%
109J/2
♦1075/4
*1073/a
1083/a
200
12%
12%
12%
12%
12%
12%
123/4
12%
12%
1.700
*70
72
70
70
*68
,
335/2
31%
IOO
71
17.000
s
'
109
123/4
r?
-
-
,
1
Co
Tuesday
»
163/4
163/4
•103/g
*221/2
CLOSED
64%
.
•?
;
16%
16%
*10%
103/4
*10'/4
223/4
23
17
563/4
563%
30 •-;%
30
643/a
643/4
17
"17%
«'
57;
f:
223/4
223/4
17
23
-
'
I per sharp
9 par share
*103/8
223/4
11
*16%
—No
*10 y4
223/4
*22
643/a
65
65
63
17%
17%
57
17%
173/4
18
17
I73/4
57
56 '/a
56'/a
30%
303/4
30%
30%
64
30
22%
22%
22%
61%
62
62%
62%
Jan
Jan
May
115;
'
36'
16
15
Aug
22%
Dec
17
22%
Jun
245/4
Jun
15
48%
Jan
96
Dec
Jan
91
<
July 11
May 15
48
18'A Jun
8% Feb
29% July
13% Jan
4% Aug
3
5
800
59% Feb
1
May
155
22%
*60
*
.
,
56%
56%
.29%
30
22%
21
22
61
59
59
•
24%
Dec
Jan
62
Nov
Jan
60%
Dec
13
64'A "Jan
87%
Dec
Feb
15
80%
Jan
93
Dec
30% Apr
23
11%
Jan
21%
Dec
13% Jan
29
96
27
6'A Mar
12%
Dec
20
Dec
95
Sep
20
80
Jan
Feb
51
May 24
40'/2 Jan 30
32
Mar
44% Nov
27% Jan
Dec
83% Nov
May 13
Jun
103
77A
39
■
SG'/a Apr
109'A Apr
24% Aor
47'A
1
10
10
12% Mar
Mar
39
1155/a Mar 21
111'A
17
Feb
Jun
134%
Dec
49%
44%
Dec
Dec
68% Nov
Jan
56
19% Aug
.105%
9%
27
Jan
Oct
108
Dec
Nov
20%
63
34
Aug
34% July
4
May 10
109;
Mar 13
101%
47
Oct
Nov
25%
10% Jan
28%
Dec
18%
Jan
22
Oct
23% Apr 17
331/2 July
1
10%
Jan
24
Nov
18%
Jan
33%
Dec
18%
Dec
Feb
2'45/a Hfcay 28
.
16'A Nov
,57
119%
t
123% Mar 25
14
109
Dec
Aug
73% Nov
Get
127% Mar
9% Dec
5% Aug
May 28
53'A Apr
Dec
109
May 17
10
78'A Jun
3
25%
10,
Mar
22
Aug
160
May 24
79
Jan
137
52
* July 12
25
iJan
40
24'. Apr 18
35% May 29
-
Dec
13
110
5
Dec
45
106
Sep
,16/. Jan
26% May 31
39% May 13
23
Mar "5
Dec
4
54'/i Apr
:
Jan
38% Jan
33% .Jan
,
16
56
Dec
Dec
49% Dec
115% Aug
33% Nov
121
Dec
2% Jan
49%. May 31
78% May 13
30
July 11
108% Jan 17
25
40%
116
67% Jan
78% Jan
6
595/a, Apr
Dec
Jan
28
60% May 28
1355A Apr
5
149 'A Apr
/
107,% July
9..
May 13
55,.
23% Dec
99% Nov
76% Jan
May 10
55
116'
„
Jan
25
39% Apr
•
-33 !
Dec
Dec
Dec
Dec
555/4 Apr
18
31
Aug
24%
Dec
Jun
7
17%
Jan
62
Dec.
5.
30%
Apr
39% Nov
76
41.5/8 Feb
41
Feb
Feb
43% Nov
~7%
28
38% May
Apr
Jan
*13% "Dec
11
16% Jan
31% Mar
29
28
11
109
36'A Jan
.*
'
•
:
1
Coal ft Oil..:
.
Texas Pacific Lsnd Trust.—
Jan
4
.3
16% Jan
—
100
Feb 20
g'A Mar
Feb 25
10
1
Texas ft Pacific Ry Co:
Jan- 4:
I per sharer
t per share'
3
Feb
26
42
< per sharp
Jan
14
Jan
13%
48%
Jan
Jan
July 11
6%
60% Jun
5
36%
Jan
32% Jun
3
18 Va
Aug
!
v-,.. >
Highest
7%
11% Jan
3
65% May 29
18
*•
7%
^an 15
25% Jun
Year 1945
,
Loweit/.sv-
Highest
Deo
Dec
19% Dec
62
Deo
10%
Dec
*1% Nov
26'A May 10
13%
Jan
Nov
20% Jun
May 28
30%
Jan
55%
65
4
For footnotes see page 296.
Jan
17
38%
32%
19'A May 16
48
Gulf Producing.—,
'
500
Nov
17
13
52
5.300
3.900
-
37
13
11% Jan 25
25
Texas Pacific
Dec
Nov
Jun
10'A Jun 20
—1
—No par
Texas Gulf Sulphur
Dec
60%
180
90% Jun
7
t per share
r
(The)
Texas Co
36%
Apr
Jun
Range Since January
Tennessee Cor pi..y,.8
Texas
Dec
70
29% July 12
107
Jun 24
12
Jun 20
1,7
9.200
Oct
Dec
7>A
65
Jan 21
Feb 26
37'A Mar 431'A Mar 8
k Talcott tnc (Janies) ;
Telautograph Corp—
1.900
-
40%
26% Jan
8
39% July 3
33% May 27
38
41
Par
5.600
-
Dec
18%
20% Aug
40% Apr
605/a May 11
193
28
Lowest
Shares
400
65 %
55 5/4 May 27
108
Feb 26
Mar
7
27'/a Feb
44% Apr,,,!
17% Feb 25
28% Mar 14.
par
Dec
Nov
855/2 Jun
7
5
Mar 18
.
Dec
12%
24'A Apr
Jan 28
Apr 18
7% Feb 26
EXCHANGE
"
22'/4
Dec
Feb 26
64
NEW YORK STOCK
io3/4
64%
62
NOV
21'/8
36%
Range for Previous
Bales for
the Week
175/a
103/4
57
31
v\
/Friday;
July 12
225/a
645/2
•
44%
70'A
Aug
0% Mar
11
July
24
STOCKS
Tbnrsday
Jnly 11
17
103/4
22%
|"
22
62
$ ppr sharp
*16%
10%
STOCK
EXCHANGE
July 10
* per sharp
$ per sharp
9 per sharp
Wednesday
July 9
Monday;
July 8
Feb
14% Aug
41'A Jan
117
12.50
100
Inc
(The)
Superior Oll of Callf..—.—23
Superior Steel Corp..
:
100
Sutherlsnd Paper Co
10
Sweets Co of Amer (The)
12%
Bwiri a Qo
-28SWlft International Ltd—
—"
Sylvania Elec Prod's Inc
No par
$4 preferred
No par
Symington Gould Corp—-1
LOW AND HIGH SALE PRICES
Batnrday
July 6
30'A
61
Feb 28
106
1'
Mining Co—,
Superheater
1.700
44
51
44
Dec
May 31
59
May 16
20% Jan
18% Feb 26
26% Feb 26
16% Feb 26
'
Cq——rNo par
pfd (4%% cum)
100
Sunshine
11.100
>
46%
3
53% July 8
1
Corp-1.
Sunshine Biscuits,
3,200
53'/4
Jan
Jan
3
July 12
Mar 5
Jan 14
Feb 20
106".
A- preferred—No par
SUnray Oil Corp.——
23.100
11%
32%
' 17% Jan
Class A
50
122
3
42% Feb 26
37. Feb 26
62% Feb 26
2Q% Mar 6
——No par
—1-1
Webster
ft
Sua Oil
700
4
11%
56% Jun
41 ;Feb 26
41'A Jan 3
105% Jan 9
20Va Feb 26
: 1 24 Va Jan
7
20
21
Jan 8
preferred-
$4.50 series
75%
535/2
44
*145,
:
51
>44%
*75
*1205/2
125/g
50%
149%
*145
•
12%
'75%
♦120%
Feb 26
Jan
8
Feb 26
29% Jun 20
"
> 75 %
6
Jun
114
125
100
.A'
150
..—
July 11
14% Feb
731/4 Feb 13
20'A Feb 26
93'A Feb 26
; 20% May 22
33'/2,Feb 21
112
Jan 31/
41% Feb 26
110% Apr 12
: 30% Jan 3
par
22% Nov
3
19
9%
15 Va
92%
40'A
"
Jan
Dec
43% Jun
84
.Studebaker Com fThe)
.
1
20%
1095/2
prior
Stone
4.100
;
No par
Jan
May
13%
29
Jun
21%
87
Cp (TheV L.8..
TNo par
Sterling Drug Inc common
3
3% preferred
100
1
Stewart-Warner' Corp/.———-9
i Stokley-Van Camp Inc—
1
*
20%
Lines—5
Starrett
600
35%-
:
20%
,
*108%
23%
35
21%
20%
f 20%
35%
\
*21%
1
—_—No par
cohv preferred
4%
-
50
13
.-Standard Steel Spriogi—.:
400
53%
par
preferred—1
26% Apr
114
Jan
4
Jan
4
Feb 26
66'/2 Jun 26
45
Jun
4
104
Jun 21
34
Feb 20
15'/4 Mar 14
6
Jun 20
301/2 Mar 2
51
May 9
175
Jan 11
33% Feb 26
22% Jan 3
54'/2Marl3
48% Mar 13
81
Feb 26"
10
20
100
preferred series A.
3%%
100
'3.600
'
35
Standard Oil
Standard Oil
6.800
'
■■■
13
Iron—.20
No par
.No par
——No par
of Calif...—
No par,
of Indiana.^:
23
of New Jersey
125
of Ohio——
10
!
:
20
&
preferred
Standard Oil
19.900
1073/4
-
No par
preferred
-prior preferred
.
:
-11.500
•
5
preferred——No
$4.50
Standard. Oil
15.400
•
46%
27%
IO'/b
41%
38%
175/2
54
19J/4
22%
.No par
CO-.-i:
Railway
$6 p^lor
1,400
735/2
293/4
55
20
66
15
—No par
$4.50 preferred..
No par
Standard G ft E Co $4 pref-.No par
800
-
139
55%
47
*106'%
$4
4.600
127%
78%
,
5.000
50
Nov
? Standard Brands, Inc.
114
51
79 %
Square D Co new common
5
Squibb (E R) ft Sons New—.—:_1
140
47%
475/4
115
Nov
2
& Corona Typewriter-No
Conv
600
r
1133/4
Dec
25%
—
'
2,000
42
415/4
116
473/4
47
*111%
,
*
21%
53%
53 y4
47J/4
115
*1143/8
55%
107
-
20%
42
42
u
46%
29%
107
y
107%
r
141
-
78%
29%
297/a
40
116
28
12% Mar
74
& Sons Carpet Co
preferred
non-cum
Oct
16%
preferred
———-100
California Edison.
23
5%
24%
16
Spalding (AG) js Bros Inc———1
Sparks Withington—
—No par
Spear ft Co
J
—I
$5.51 preferred:
-No par
Spencer Kellogg ft Sons
..No par
Bperry Corp (The) .—-:
—I
Splcer Mlg. Co
No par
Spiegel Inc—
—1
2
330
,
21%
■
50%
*126
46%,
46y«
''77%
78 y4'
-20%
:'153%
47;
v
131-
-
=■
*111%
*141
i-
29%
40
50%
*129.
46%
77%
•107
293/4
30%
85
29%
29
1043/4
116
■
115
50
50% •
132 ,r"
141%*
55 y2;
•141
.
30%
*83
29%
217/a
46%
46%
*113%
?
55
v;r 45%
85
1043/4
<43
116
115
46%
♦113%
,
29%
30%
-
:
115%, 115%
60%
*82%
■
22%
21%
42
•39
♦130
29%
104% 1043/4
22
,jj.,
30%
83
29
104%; 104%
22
30%
83
.
29%
v
29
<
•
Steel
Mobile & Ohio
60
89
17% Mar
17
91 '/a May 18
Soutnern
4
87
*86
27
24% Jan
39% May 13
Corp——;——No par
Southern Pacific
Jun
22
Jun 26
May 20
40% Feb
cum
Southern
Nov
2
4
Southern Natural Gos CO—___7.50
'
5.000
87%
585/2
.
Dec
40
Oct
23% May 11
26% Jan
23<* Jan
77
Jan
Porto Rico Sugar,;—,_No par
8%
355A
Dec
145/4
Oct
No par
Southeastern Greyhound
South
.♦
9
Mar
Nov
Sep
Socony Vacuum OIL Co Inc—
South. Am Gold ft Platinum
10
*
88%
87
;
186
#^39
66
88
24
24
Smith
1.300
55
(A)
3%%
'
'
24
Smith
200
18%
17%
130%
88
89%
86
r
2C0
6i/a
66%
60%
60%
'88%
'
•
1.400
42
*41%
18
*1065/2
,
49% Apr
May 3
Jan
2
Apr 26
7
8
Dec
71%
30%
75/2
Smith (A O) Corp—
300
50
*48
501/a
18
No par
preferred!
$1.20
8
39'A Apr
17'A Feb
107%
—
Sloss-Sheffield
;
30%
66%
70
108
70
72
108
39%
303/4
'30%
i
31
65%
4
505/a
393/4
*85
30%
100
65% Oct
22'A Aug
77%. Feb
8
No par
No par
8kelly Oil Co
2.100
233/4
Nov
37
18
Coalition Mines:.
Sinclair Oil
200
22%
233/4
107'/2
42
547/8
39%
65%
59%
39%
t*39%'
mr
*70
815/2
22
24
39%
39%
■
*801/2
22%
515/a
"
190
*182
190
815/2
22
*233/4
*54i/4
.
55
55;
*795/2
24
17%
54%
55%
♦182
.4
6y4
*53 Va
55
26,100
42
18
17%
18 Va
6Va
18 •r.vi,
*106
43
*42
43
*42
19
1075/2
51%
51
106%
106%
xl8%
56
61%
32'A Apr
SImonds Saw ft Steel
500
19%
72
*70
71
49%
51
*23%
24
71
72%
55
18%
*55
29
3
-
Simmons Co
50
51%
,
16
205/a Jan
Co
Pen
A)
Feb
x42%
26
37% Jan
1
>—
Corp
3.600
41
40'/2
110% Jun
113% May
—
Sheaffer
821/4
*81
415%
1.900
24
235/4
25
833/4
July 11
Nov
July 11
61
Dec
3
$3.50 conv pref ser A
Shattuck (Frank G)
*
41%
Steel
96 »/2
Oct
14%
lll'AJan
Sharpe & Dohme
89%
*85
1
1
No par
:
Gas
&
28
Jan
18
28
1155/2 Mar
—No par
$4.50 preferred
8hamrock Oil
19 % July
110'A July
8'A Mar
3
Jan
12
36
19%
21
19 '/4
5
I
May
34% May 29
Mar 30
116
26V2 Feb 25
—No par
Co._-
Corp
Seiberling Rubber Co
50
26
33%
?
&
Servel Inc common..-.
4,300
1125/8
*111
1125/n
.
8.900
34
*85
*111
Roebuck
Sears
Seeger-Sunbeam
'
26%
26
:
205/a
" 67
3
Seagrave Corp
200
45
100
preferred^ series A w.i
Seaboard Gil Co of Del.——No par
1.100
44%
♦12
par
Par
Seaboard Air Line ctfs w 1—No
67
34
68
343/4
35
35
35%
35%
*665/4
68 »/2
33»/2
par
...
160
109
32'/a
33%
33%
34
33%
69%
35%
;
900
:
34%
34
♦68%
29.100
52 V2 Jan
3
24'/a Feb 26
113
Jan
3
12'/8 Jan
3
76 y2 May 7
53
Jan 23
107i/aMay28
30'/2 Feb 28
-10
.5
100
5
1.75
Joseph Lead—;
Safeway Stores.:
5% preferred.—
Savage Arms Corp__._—
Schenley Distillers Corp new
Scott Paper Co
No
$3.40 cum pfd—
—No
2.000
32
31
1143/a
.
1145/2
*114.
114
114
114
114
1
32%
32%
32%
St
1.000
.
-
•
'
•
31%
Nov
yolume 164
THE
Number 4507
COMMERCIAL & FINANCIAL CHRONICLE
295
NEW YORK STOCK RECORD
LOW
AND
HIGH SALE
Saturday
Monday
Tuesday
July 6
JulyS
July 0
'•
$ per share
c
$ per share
*43%
61
61
Thursday
Friday
July II
July 12
( per share
44
* per share
$ per share
44%
44
44
61
61
61
EXCHANGE
60%
60%
43
Shares'
43
320
__
60
60
1
*23
23%
15'/a
23%
23%
.
15%
15%
24 y4
*24
.15 %
24
24
24.
24
,
"
15%
*15V*
15%
*61
63
64
63 V*
64%
"6314
64
18
18
*17%
18%
17%
17%
17%
*19
20
*18%
19%
19%.
68%
"6714
,15y«
63
67%
68%
*67%
*110%
-
111%
*110%
*19
19%
68%
111%
10
10
'
53
53
23 »/4
23
23%
26
26%
26%
56%
■
68%
54
9%
56
9%
53
108%
108%
108%
109%
26 V* "26%
26
26% V
25%
56
56V2
19%
55
56 Ma
20
19»/b
19%
19%
19%
48%
49 y4
48%
48%
.49%
49 Va
4914
49%
26 %
26 y4
*2514
27%
10% f 11*ii3y4 113%
20
19%
10%
10%
*11314
113%
113%
10%
*25%
10%
113'/4
p4«/q
53%
18%
54%
18%
*18.%
19%
.
44%
20
52%
53%
67%
66%
66%
105%
.
105%
"104%
105%
19%
"18%
19%
19
59%
59
59% '
20%
19%
*
19
*59
'♦
20
59 V*
58 %
58%
59
59
*20 %
20%.
20%
21
23%
*69%
70%
70%
70%
71
71
71
18%
-18,%
18 %
18%
*70%
19 V*
300
18
18
37%
18
37%
37%
5.500
Union
37%
37%
17%
37
4.800
113
112%
*112
108%
107%
107%
27%
il2%
112%
*106%
27%
113
113%
113%
112%
112%
*112
112%
*113
108.%
*107
108%
*106%
107
106 %
107%
*107
108%
*107
103%
x27-%
27%
154
117%
40%
152
117%
112%
27%
*112%
112%
*112%
151 %
155
40%
29
113
38%
49%
49<%
49%
48%
80
81%
81%
81%
"32
36
*33
35%
12%
12%
24%
5%
55%
14%
14%
85%
85%
18
18
53%
*32
5%
24%
5%
81
53%
64
5%
13%
56
56%
55%
56%
15%
15
15%
86
86 %
88%
89
89
18%
18 %
64
14%
14%
21
14%
14%'
29%
29 y4
29 7/8
28%
291/4
107%
107%
*1071/4
21j/4
*211/4
21 VB
21%
124%
125
*124%
126
203
203
*201
204%
*201
46%
47
46%
58
58
ioy2
59
*57
*59
24
23%
24%
23%
23%
22'/a
22%
17.500
58%
58%
58%
57
58%
15%
16
15%
15%
15%
16'A
'
70
68%
69
169%
*169%
70
15%
71
170
»
170%
170
71%
170i/2
'
64%
64
82%
82
82%
93
64
64
90%
90%
161
162 y2
161%
27 y4
26%
26%
54
54
53%.
82
161%
27
64
53%
15%
!
15 VB
*115
118
26%
*25
26%
16
16
•64
82
64
64%
82%
91 VB
92%
88%
163%
162 y2
27
27
54
53%
54
16 VB
151/8
*115
105%
188
188
43
43
8%
151/4
27
16%
U S Tobacco Co
16
1.000
Universal
Laboratories
104
250
Universal
Leaf
80
98'/2
98
42%
98
x411/2
41%
93
8 %
800
98%
Universal
4%%
3^0
Wednesday
July 10
Thursday
July II
Friday
Jnly 12
$ per share
$ per share
$ per share
I per share
t per share
Inc
13% Jun
82
7% Jan
35
46
22
51%
Jan
6
144%
Jan
6
52
Jan
77% Dec
89
11
72
Jan
89
1 Feb
'
Feb
Jun
58%
Jan
135%
Jan
160
Nov
23% Aug
46
Sep
32
Nov
29% Jan 14
17
50%
Dec
Jan
8%
Dec
4%
Jan
16%
98%
Jan
16
Jan
20% Apr 10
128.
Jan
24
27 % Feb
7
22
Apr 16
110% Jan 10
5%
25
101
3
Mar
23% Aug
Dec
121% Dec
25
Jan
75% Jan
178
200% Apr 23
49% Jan 10
May 14
85% Dec
4
28
Dec
9
Dec
110
Dec
200
Nov
48% Deo
9
Apr
Lowest
:
•
Year 1945
Range Since January 1
EXCHANGE
I Shares
Oct
6
16
Range for Frevlons
Fork stock
new
Oct
Feb
166
31
98
73% Oct
176
97% Feb
3
21
8% Jan
39
Dec
Nov
48% Dec
Feb
94% Feb 26
I
—
57
67
Jan
27% Jun
Apr
25
187
Jan
•
Dec
16% Dec
84% Feb
Feb
par
100
39
80
,
Mar 25
21
12% Dec
30% Mar
187
79% Jap
106
Dec
Dec
34% NOV
55% Dec
6% Mar
29
Jan
Nov
28
115
115%
3
8
Jun
Jan
Jan
'Jan
18
64
July
July
154
26% Dec
13% Jan
38% Jan
60% May 31
Apr 24
5
17% July 1
4"
13% Dec
107% Nov
STOCKS
Sales for
the Week
Dec
Nov
77
67% May
13
64% Mar
100
Pictures Co Inc
—
52
112
11% Jan
84
12
: Feb 26
169
1
No
—
preferred
'
$ per share
41
..100
Tob
preferred
SALE PRICES
Tuesday
July 9
July 6
60% Jan
preferred!.*—L—Wo par
Universal-Cyclops Steel Corp.
1
195
15%
Nov
Oct
77
Par
Lowest
Highest
'
I per share
t per share
$ per share
Highest
$ per share
V
STOCK
30%
31
31
31%
31
31
30
30%
29%
30
1.900
EXCHANGE
23%
24%
Vanadium Corp of Am
23%
24
23%
24
23%
23%
231/4
23%
2.500
Van Norman Co
CLOSED
51%
51%
52
53
53
53
53%
24%
53%
25%
531/2
24%
1.200
Van Raalte Co InoL——
241/a
■:
24%
24%
44
*43
t
24
43%
113%
*1111/8
113%
116
*iiiy8
116
*47%
49
*
*47%
1071/4 108%
ii
■
*96%
52%
11
99%
120ya
99
52%
119%
-
*96%
52%
116
*1111/8
49%
*1071/4
*961%
52%
-
49%
48.1/s
•
108%
*1071/4
10%
I
2.900
98
J
1.000
99
*961/2
120
99
52%
52%
*43%
44
44
44
43%
44
35%
*45
47
46
46
46
46
168
*158
170
185
*171%
185 "
*155
170
*171%
185
168
*171%
120
*96%
52%
44
170
108%
10%
97%
121
*158
!
43%
{
600
i
500
i
7.0
*
170
♦1711/2
'
185
2
58%Ap*24
26% Jun
19% Mar 13
43
Jun
20
Jan
2
113
110
Jan
16
115
37% Feb
26
53
6%
Va
non-cum
1
:
new
preferred—.—.'.100
preferred
Chemical
cum
9
100
—Wo pat
dlv partic preferred—100
El
&
Pow
$5 pref
Va Iron Coal & Coke 5%
99
45
45
8
30
39
26
104
Va-Carolina
100
52%
52
*431/4
18% Feb
Feb
25% Apr
29% Mar 13
46% Jan
J*
2.50
3 % %
11
*120
Co
Victor Chemical Works—
.600
99%
44
*155
<
10%
120
Chemical
5%
48%
99%
45%
*173%. 185
•
2.50
Vlcfea Shreve ft Fab Ry————100
ID/4
'
•
Vick
1,000
99%
120
99
10,300
113%
48%
11
'
43%
Wo par
;
LL.L1Q?.
Vertientes-Camaguey Sugar Co_6%
113
*111%
.
43%
*iiiy»
108%
99%
119%
52%
116
431/4
113%
48%
Hi/4
99
43
*111%
*107i/4
50
98%
43%
*1111/8 .113%
*111%
108%
11
98%
*120
*1071/4
"
25%
*43
24%
421%
*1111/8
*iny8
53
X24
100
pfd
Virginian Ry CO—
1.600
100
29
105
May
6% Jan
t
Q% preferred—flfl •
Visking Corp (The) class A.
5
Vulcan Detinning Co_
;
100
Preferred
;.n
47
Feb
26;
39% Jan
43
xl6l
172
4
Mar ? 7
Feb
2
50% Nov
13% Apr
24% Dec
Dec
15
90% Jan
103
Dec
May 28
24% Jan
Feb
53 % July 3
45% Jan 30
4
Apr
22% Dec
Jan
104
99% July 10
123% Apr 10
105 " Apr
9
21
*
34% Dec
Mar
86% Mar
May 28
108% Mar 18
12% Jan 29
2
3
Jan
Jan
13
32
§1% Apr 30
77% Jan
5
118% Jun 24
80
17
21%
.
,
52
3% Mar
59%
45% Dec
~8%
Deo
Jan
81
Dec
118
Sep
124
Nov
57
Jan
83
Dec
45% Jan
36%
Jan
55
Nov
*
43% Nov
Apr 29
1701 Mar 29
May 11
178
120
Mar
165
Deo
145
tylar
173
Dec
W
*74
771/8
21%
48%
*74
77%
76%
*74
75%
74
76
22'A
*211/4
221/8
21%
211/2
21
21
21
21%
800
49
49
493/4
49%
49%
48%
49%
1,500
*108
110
*108
137
140
48%
108%
109
137
138%
19%
20
16% .,16%
49
19%
16%
19%
16%
*74
141
19%
163/8
110
*108
v
143
1493/4
19%
19%
16%
163/4
110
*108
145%
140%
193/4
19%
16%
171/8
17%
171/4
173/a
171/B
173/a
17%
105%
105%
1051/4
1051/8
105%
106%
45%
453/4
453/8
•38
45%
46 »/a
45%
*37%
For footnotes
see
40
ppge 296.
*38
40
40
.
*36%
47
37 VA
20
193/4
7,000
•
4.400
78
Not
18
Jan
22
23% Jun
14
13%
Jan
20
■; Deo
par
39
Jan
2
54
29
30% Jan
42
100
105
Apr
12
111
No
par
98
Feb
26
149% July 10
No par
System
Walgreen Co
4%
Sep
par
No
18
July
13
Jan
preferred
Waldorf
100
preferred
Walker
(Hiram)
Div redeem
G
ft
W
preferred
16%
8.000
Walworth Co
17V4- 1181/8
1061/2
45%
16 VB
173/4
*1051/8
1101/a
143
64
No
Wabash RR 4%%
7.300
Ward Baking1 €0—1
51/2 % preferred
100
*1051/4
•
:-•'
45%
*36
106
46%
37
170
11,500
Wo par
...
Warner
Bros
Warren Fdy
Pictures
ft Pipe
72
Apr 26
5
3
xll% Mar 15
1031/4 Jan
3
86
Feb 21
Apr
Mar 26
105
Aug
61% Mar
19
Sep
Dec
110%
Sep
110
Deo
20% Feb
21% Feb
21
20% Jun
7
8%
Jan
14%
Dec
18% July 12
107% Feb 20
8%
Oct
16%
Dec
91%
Oct
105%
Deo
Mar
35%
DcO
50
Dec
3
31
Jan
3
§ 66
No par
35
Mar 15
50
Apr 24
Jan
16
13
29%
Apr
'
I
,
Dec
17%
Mar
24% July 10
Mar 13
51
conv
104
42%
2
44
15% Mar 13
*190
98
13% Jan
2d pfd-5
non-c
105
Jun
103% Oct
16% Apr
2
62
May 22
13% Jan 29
21
United Stores $4.20
195
25
50% Nov
6% Mar
2
Feb
3.000
*102%
52% Dec
22
132
9% Mar 14
34% Jun
109% July
""29%
47% Mar 13
par
—No par
*190
88% Jun
13% Jan
32% May 29
*
15'/a
Monday
July 8
Saturday
L
195
42%
4
9% Jan
500
14%
Jan
10% May
Jan
55 Vb Jun
26
98%
3
Feb
6
*25
43%
Jan
'20% July 12
4
*25
42
23v
106
May
$6
Jan
106%
■
Nov
33%
110 Jan' 23
Jan
117
5.
9%
66
i
25% Nov
Jan
15% July 11
18% May 17
7% Mar 20
115
161/8
6
6
9% Mar 13
26
116%.
16»/a
3
50
15
Deo
Dec
Deo
38%
16
7% non-cum preferred—
29
United Stockyards -CorpiLLL'—.Xl.
15%
13
July
1% Jan
28
Jan
47% Mar
No par
j
j'
Dec
36
22
53% July 1
30% Apr 10
76% May 22
'1"06% Mar
50
—
104%
104
23% Jan:
50
Preferred ——I—.—
290
82
Feb
28
21% Feb
4.200
15
16%
'
Jan
29
56
26
'
10
U S Steel Corp
2,300
*115
26
3
50% Jun
preferred—160
.
66
7%. July
July 12
8%
8%
26
*190
HIGH
26%
-
89
45% Mar 11
20
Co
w
62% Dec
40
26%
-
1
16% Jan
.14% July 12
Rubber
S
Jan
22% Mar
56% July 12
Mar 13
16% Jan
23
May
.
7% Jan
71% Mar 16
1
_1
Preferred
1.200
*53% ..,54
8%
12
31%
17% Apr 12
28% Apr 13
3
.10
—
U S Smelting Ref ft Min
23.700
91
162%
117
"
25%
16%
105%
8%
47% Jan
Plywood Corp
Realty Sheraton Corp.
B% ridn-cum 1st
800
163i/2
40
2
3
U
1.500
821/4
'•
91% Apr
26
4% Jan
U S
800
93%
27
8'/a
26%
LOW AND
7,000
169%
162i/2
26%
;
190
42%
13,200
82
*53%
15%
117
105%
*98
15
72
15
70%
169%
162%
8%
105
98%
U S
92%
190
*98
2.000
'
'
*8
m
U S Pipe & Foundry
U S Playing Card Co
65
161/8
64
82
1.300
83
72
170%
26
Feb
12
Co.—JL—,:i.
63
65%
Dec
■
Feb
24
~Wo par
*81
83
Nov
112%
?
11% Jan
No par
No
Partic ft conv cl A
U S Llnes
151
Jan
104
47% Apr 20
U S Industrial Chemicals
65%
4
Jan
9
2.50
U S Leather Co
*81
27% Dec
20%
100%
18
Feb 26
700
.
f
Jan
26
Mach
900
.
i
109% Jan
57% May 10
CorpL.——5
Hoffman
1.400
83
,
May 29
204% Mar 4
111/8
59
Dec
Jan
Jan
54% Jan
119
25
11
37%
66
102%
lid
78%
111% July
i
26
VB
59
I
38% Deo
129
Deo
Jan
11 VB
58%
i
Oct
Aug
Sep
Feb
31
X58
Oct
26%
.
14% Jan
25
'
199
S
77
58% Jan
28
108
U
Dec
37% Jan
100
11'A
65%
15%
1.100
25%
"
preferred-
37%
*81
*115
47
Jan
45% Nov
No par
20
1%
Dec
Aug
U S Freight Co
U S Gypsum Co
11%
65%
8%
20
Dec
52%
28-
No par
No par
37
83
90%
1,000
16
Oct
29
Jan
100
Drug, Inc
ii y*
59
•
123%
203
Jan
Jan
14%
17
U S & Foreign Secur
$4.50 preferred —;—
36%
"81
82
1231/4
203
9%
106%
9
1ft
11
X65 %
y«
Rexall
10
Dec
May
42
-
120% Mar 11
73
—5
"preferred ———.1
36%
66%
64
United
1.100
Dec
56
102
29
May 11
168% Feb
7
30
20
Faperboard.
20%
f
4
'
30c
'Fdy^...«uLrLJ :
11
83
68%
United
107%
17
45%
42% Jan
33% Feb
United Merch & Mfrs Inc com.—1
256
20%
60%
'
2.100
9.000
46%
10% Mar
34% Mar
16
Apr
115% Jan
'
109% Apr 13
36% July 12
XiO
new
14%
*1071/4
-
100 "
Coal Cos.
63%
21%
Dec
Deo
27% Jun 2 6
5 '
;—i
36%
66
169
Engineering
108%
107%
47
59
Electrlo
United
5.600
112%
37% Feb 26
100
United
35.500
125
23 Ve Feb
No par
—;
United Fruit Co
5%
Dec
Dec
Jan
'
10%
26 Va Mar
•
May 29
107% Jun
4.000
28%
203
39
12
26
25%
14%
47
3
July
No par
United Gas Improvement Co.—13% '
14%
*202
47
Jan
107
Dyewood Corp
23%
59
*81
123%
204%
103
Dec
33
Jan
5
80% Ma^ 27:
23% Apr
3
,
5
11
-
23%
23
58
125
79
1
36%
10%
36%
125
Jan
'
Preferred
406
7 28%
.
26
'18% Jan
18
;
14%
*
Oct
Dec
May. 1
—
preferred
108 %
15%
66
23
Nt> par
series
62%
108%
14 Vb
109 %
28
46%
63%
*108%
14%
14%
*107%
21%
63
108 %
14%
Apr
Mar
125
preference
United
107% NOV
10
|1Q
par •
$3
Sep
50
25
United Corp common
13,700
-108 %
101
21% May 20
Feb
Cigar-Whelan. Stores
Prior
600
52%
52%
14%
14%
28
64%
17%
52%
52
108%
14
109%
64
17%
55
25%
14
66% Jan* 15
98% Fep 26
Juh 10
No par
190
52%
25%
20
July 12
111
No
United
2,800
87
18%
25%
Feb
26% Jun
26
4%
"
par.
10,100
14%
52%
112
8-
Jun
23
No
2.300
15
108%
14%
57%
25
56%
*53
Dec
May
•
•
United-Carr Fast Corp
27.600
53%
25
17% Apr
United Carbon Co——
10Q
9,500
•12%
14%
63%
108 %
$'3.5Q
United Air Lines Inc..
United piscull Co
800
33%
5 %
53
*36 VB
80%
5%
25%
Jan
106
United Aircraft Corp
,'
5% conv preferred—,
100
5%
52%
46%
600
5%
53%
21%
9,000
49%
*24%
25%
28
38%
49
24%
53%
*107 y4
113
36%
48%
81
24%
52%
25%
14%
*112%
38
24%
52%
13%
112%
12
25%
16%
No par
npn-cum preferred^
Union Tank CaiL_
—:
10,400
33%
*52%
63%
29
12%
52%
20
66% Mar 15
_
_5
,
4%
2.900
35%
25%
24% Apr
2
12%
52
Jun
26
24
56
*17%
61%
Feb
140% Jail
14%
18%
Dec
Jan
112% Jah
14%
87
9%
31
100
55%
18%
Jan
29
—33 v
28%
'
112% Nov
29
Jan
L-100
40%"
19% Dec
S 66% Nov
13% Jan
Union Oil of California
56
*86
45
July
106% Oct
-
12
Dec
Dec
15 y8 Mar
68
Union Pacific RR Co
*33%
5%
Co
of Mo pfd $4.50 ser No Par
Preferred
900
12%
25%
108%
•
40
*79
112% Jun
ys
25
4.600
:
Dec
1"
64%
Apr
1,900.
27%
35%
12%
24%
24%
56 %
38
12%
12%
24%
5%
39%
38%
27 VB
Nq par
Rubber
Preferrd $3.70 series—.
100
29%
28
*48
49%
10
117%
81
39
107 ya
Asbestos
Urt El Co
720
117%
81
38%
113
118 %
*112%
37%
*48
4.000
108%
107
27%
154%
153
40%
28%'
29%
112%
*107
40%
118
28%
112%
Underwood Corp
"
153%
117%
40%
40%
,
*117%
153
40'/a
29
112%
27%
151%
40%
28
27%
117%
.
117%
111
114
108%
*
'
*152
113%
37
Dec
1^% Feb 26
Union Bag & Paper
——No par
Union Carbide ft Carb—,
No var
36 y2
61%
7 18%
U
:
70
38
r-
,
18%
113
7
21% May 14
69% Jun-18
8
Apr
53% July
10% Aug
13
; Jan
Transcont'l & West Air Inc—_—3 -;44% July 12 U 71
Jan
9
Trhnsue & Williams Bt'l_
No par
23% Mar 15
•
3314 Feb
7
-Trt-Contlnental Corp
—Jafc i>;3 % 12% Jan 29
610
'
$6 preferred—-,.———Nopar *,
111
Mar 20
114
Mar 8
1.80O
Truax-Traer Gorp^.>_^_-_-lVci par ;
16% Jan
7 # 22% May 28
7.700
20th Cen Fox Film Corp
N^ par
39% Jan
3
f
63% May 11
600
$1.50 preferred,h——No par
'
49% Jari
3
79
May 11
300
$4.50 prior pfd
_—No par
102% Apr 23
106% Jan 10
600
; Twin City Rapid Transit
Wd jpar 14% Jan
4
24
Apr'30
70
1
8% conv prior pfd:—
60
00
Jan
3
£ 71% Apr 30
6,000
.Twin Coach Co—
1
19% July.12
26% Jan 29
70
36%
31% Deo
9% Mar
16
20% Jun
Apr 15
Jan •' 2
x55
2 "
I,
Feb
~8%
,200'
19%. 19%
54%
20%
Wo pari*
Corp.—•—
Jan
14% Mar
5,800
'
113%
53%
20%
£Transqmerica
70
9
Mar 14
$ per share
44% Mar
July 12
30% May 0
17% Feb <18
4.600
10%v
"66%
*58»/4
-Tlmken Roller Bearing X
4.000
48
19%
105
19%
'
25%> 25%
.
.,
18.200
54%
67%
105
105%
)'■
19
67%
54 VB
67%
67
*104%
105
105
130
3,500-./
v56
18%
•
-
19%
54
68%
*67
'•
'
113%
19 %
19 y4
27
11
113 y4
113%
19
,
10%
"
xl8%
9,800
26
10%
28
*25%
100'
23%
May 15
68% May 20
H
Highest
$ per share
50
Feb 20
,
Thompsqn (J R»
LL———i—23
Thompson Prdducts eom— No par'J.C 49
4% preferred1 ——^Lii-.-i.-lOO'^,;: J07,%
Thompson-Stat-re'ct Co_
—Wo pat VL* 8%
$3.50 cum preferred
Nr par c
50'
Tide Walter Associated Oil.
5 —10 ;V 18%
$3.75 preferred i.t—_—No par - 106
Timken Detroit Axle hew
L
5 v23%
'
1
4.100
.
,
23%
56
;26%
55%
100
12
17
,
Lowest
60
f 5
13% Jan
^
f per share
Mar 14
50% May
•
Year 1945
Highest
$ per share
"16
,
900
'
23%
55%
19 y*
Third Avenue Transit Corp._Wo par
lod
.
6814
111
"52
270
——No par
Thermoid Co common
1
$2% div conv preferred
—50
1.100
'•
J
19%
23%
109
*108%r
17
111
10
"52%
,23%
'
"19
111
9%
55
23 VB
109
109
111
10 %
*53
53%
23.
108%
103
110 %
10
*51%
•
68
110%
10
9%
700
^
17
17%
19%
68%
15%
6314
/i'
The Ftir
700'
15V4
Lowest^'
/
110"
60%
«
Ranee Since January 1
Thatcher Mfg Co—
WS par
' \ 27
Jan
7
$3.60 conv preferred—-—No par v^; 59% Jan
7
$2.40 conv pfd
No par
60
July 12
1,500
__
—
'
;
Range for Previous
NEW YORK STOCK
;
EXCHANGE
*
1 f1
v,. V jpar
,
.
•
CLOSED
;
Sales for
the Week
,
'
'45%
*44%
STOCKS
Wednesday
July 10
$ per share
45
60%
STOCK
PRICES
1
THE
Monday, July IS, 1946
COMMERCIAL & FINANCIAL CHRONICLE
'
;
NEW YORK STOCK RECORD
t.
Range for Previous
STOCKS
K<$$r*
Saturday
JulyB
July 8
£ri4/>
29
34
34%
34%
29%
*28%
*28%
EXCHANGE
34%
29%
42
42
42
42
13%
CLOSED
29
*28%
28%
STOCK
14 %
-
14
40%
*13%
40-
40
*88%
89%
88%
88%
37 %
37%
37%
38%
*115%
117%
39%
119
114%
*115% 116%
V' 48%
48%
113%
"49
*21%
74%
10
>21
22%
74%
10
22%
*74% Vv 76
10
•
27
■
113%
*112%
*112% 113%
*24
120
*118%
113%
*115% 116 %
113%
48
117
117
119
f
.
10
*
42%
>89%
38%
116%
119%
114%
116%
•.:? 48 %
113%
21%
.. 75%
9% f 9%
•
27
51%
51%
51%
52
51%
51%
95%
95%
*95%
96
96
97 %
36%
37
'*21%
*21%
39 Va
—
393/4
39%
39%
36%
*21%
39%
33%
41%
36%
36%
33%
34
33%
34%
41%
42
41%
41%
61
61
61
61
43%
43%
.
Xl05%
106
*105
—
39%
33%
41%
61%
61%
*42%
44%
*105
106
44%
105%
*42%
36%
•
die Week
Shares
28%
42
13%
13%
88%
6,600
117
120
78%
9%
9%.-
I
27%
*24
50
51
96%
96%
1,800
1,000
35%
36%
6,000
-
*21
38%
33
41
59%
603/4
71
*69%
71
*69%
71
*69%
71
106
*103%
106
*103%
106
*103%
106
59
59
58%
58%
59%
105%
105%
106%
1053/4
39%
*38%
39%
39%
38 V4
38%
38%
21%
22%
23
21%
21%
*102
104
104
100
*99
38%
38%
*35%
36
353/4
11
11
*35%
353/4
*10%
11
20%
100%
21
*48
50
57%
*65%
*95%
*1023/4
353/4
10%
600
203/8
20%
20%
203/4
19%
203/s
1003/4
700
20%
300
21
*20
*155
20
20%
21
155
165
*152
82
Oct
41% Jun
17
27% July
38%
Dec
32% Mar 13
39% Jan 30
31% Aug
37% May
30% July
377/a May
50% May
393/a Jun 25
45
Jan
29
63 % Jun
18
7
May
103% Jan
Feb 26
72
Mar 26
106
98% Jan 21
107
July 10
44
May 28
215/4
44
Jan 28
—1
77
77
77
22
215%
22
22
61
100
10% Jan
19% Nov
13% Jan
22
7
Jun
14
763/4
77%
1,900
2,000
21%
21%
21%
215/a
607/a
60%
♦60%
61
60%
60%
59%
23%
24%
24%
24%
24%
24%
23%
24
31
*30'/a
.
5
160
Feb 26
52
Mar
*30%
31
31%
*30 Va
31%
29%
30
22% Jan
37
40% Jan
53%
Dec
Feb 26
69% Apr 10
38
Jan
70
Nov
100
Apr 25
79
Jan
100
Nov
103
May 10
105
82
82
82%
80%
82%
78
27%
27%
28
28
27%
27%
27%
27%
1,100
343/4
34%
34%
mi
34
333/a
33%
,33%
33s/8
13%
13
13
12%
13
123/4
123/4
12%
125/8
asked prices; bo sales on
a
fin receivership.
this day.
until Aug. 1, 1946, 4% per annum
I
t:
nNsr stock.
Deferred delivery.
Stocks,
Number 0/
Wire
1,600
4,30oi
Bonis
Sales
!/
1
vOash sale.
Special sales,
•
1 m.
42% Jan
10% Jan
wd When distributed. x-Ex-dlvidends.
Share*}
Ended July 12,1946
4,328,000
'
"lT.OOO
328,000
$25,500
$17,760,400
Jan. 1 to
$1,398,000
202,780,223
209,298,159
26,645,500
690,248,200
$3,636,250
59,163,660
1,458,861,900
$753,152,700 $1,521,661,810
Thursday
190,000
10,000
$959,000
20
IS
Total
10
Rail-
Utlll*
65
Indus¬
Grade
Grade
Utili¬
40
roads
ties
Stocks
trials
Ralls
Rails
ties
Bonds
Second
10
Total
July 8
July 9
July 10
206.62
65.05
41.61
76.72
105.63
116.12
101.26
109.00
108.00
207.43
64.81
41.67
76.84
105.63
116.10
101.41
109.10
108.06
207.56
64.72
41.71
July 11
206.30
64.59
41.46
July 12
204.20
63.87
41.33
Jan. 1 to
12
1945
.>
1946
July 12
1945
1,817,275
90,227,360
64,106,895
$959,000
Foreign
$1,925,000
149,000
$42,604,000
7,020,000
307,000
$84,464,000
24,225,000
679,000
114,000
government-
6,000
62,000
$1,079,000
TotaL
Bank of the
$2,136,000
—100
—10
425
47
131
110
42%
47%
—100
Central Hanover Bank ft Trust 20
Chase National Bank
lfi
Chemical Bank ft Trust——10
Commercial National
Bank ft
20
Co
Continental Bank ft Trust-—10
Corn Exchange Bank ft Tnist-20
105.60
116.36
101.41
109.10
108.12
Empire Trust
76.47
105.60
116.30
101.24
109.18
108.08
Federation
75.74
105.63
116.11
101.01
109.24
108.00
Fiduciary Trust
first
Bid
31%
Bank of New York
Bank & Trust.
National Bank.
BO
10
10
$49,931,000 $109,368,000
Ciiy Banks & Trust Cos.
>
Manhattan Co—10
76.85
~
$114,000
1,577,720
Domestic
Trust
Exchange Closed
Exchange Closed
6
First
200,000
Bonds
Brooklyn Trust
10
$248,000
11,000
Stocks—No. of shares.
Bankers Trust
,
$1,079,000
260,000
1946
Far
-Bonds10
$6,000
36,000
32,000
1,577,720
TotaL
New York
the daily closing averages of representative stocks and bonds
the New York Stock Exchangfe as compiled by Dow, Jones & Co.
-Stocks-
182,000
178,000
271,000
142,000
Week Ended July
$17,287,700
$27,826,500
1,000
4,000
145,000
1943
$137,000
1,044,000
45,616,800
$1,000
$222,000
325,760
Wednesday
July 12
1946
1945
Corporate
Holiday
$25,000
348,680
Monday—
Foreign
Foreign
Government
333,975
Friday
191,000
are
30
12% Deo
yXx-rlghts.
270,120
299,185
Tuesday-
8,500
Slock And Bond Averages
trials
15
Bonds (Par Value)
Domestic.
Foreign corporate—
Indus-
44% Deo
34% July
5% Jan
143/4 Apr 18
3
31% Dec
70% Dec
27% Sep
Mar
20
Jan 29
32% Jun 21
Saturday-
4,478,450
$17,760,400
39% Jan
31
2
Jan
/ i-
•
Week
3,744,900
3,177,500
3,231,000
$25,500
1,398,000
16,336,900
13% Jan
19% Jan
(Number #
$3,279,000
4,500,790
.
32% Jan
17
83% May 31
613/4 Mar 13
25
Zenith Radio Corp.
Zontte Products
Bonds
Railroad ft Industrial
47% Dec
24% Oct
1
27% Jan 31
61% July
293,000
178,000
1946
U. 8. Government
Oct
35% Jan
Bond
Week Ended July 12
Stocks—No. of shares
Nov
84
6
423/s Mar 14
$408,000
$16,336,900
4,500,790
TotaL
110
25% Jun
Stocks
Government
Bonds
2,991,000
3,040,000
3,983,000
993,240
1,134,170
Friday
Jan
69% Mar
Daily, Weekly and Yearly
Holiday
Thursday
100% Nov
75
1
27% Mar 13
Total
Foreign
$2,871,000
3,451,900
678,440
787,290
907,650
Tuesday
Wednesday
Jan
4
Transactions at the New York Curb Exchange
Exchange
United States
Railroad
and MisceLt
^
Monday
80
Feb
82 % Apr
4
Apr 18
20% Jun 19
Youngstown Sheet ft
Nov
thereafter.
Bonds
Shares
Week Ended July 12,1946
May
76
No par
Tube—No par
Youngstown Steel Door
No par
7,100
28'/a
7
9
May 31
21% Feb 26
Young Spring ft
400
80%
81
80%
Dec
138% Dec
Jan
62% May 29
83
Mfg. Co.
York Corp
3,100
128
505/b Feb 26
34
10
1
Yale ft Towne
900
59%
24
26% Jun
10
21% Feb
142
pfd—100
Aeronautical—
Wright
Dec
'6% Mar
July 10
100% Jun
18% May 17
Prior pfd
Prior pfd
300
Oct
12
21
16% Mar 13
993/a Jan 17
par
10
Woodward Iron Co-
87
Jun
35
16% Mar
4%% series.
-100
4%% Conv series—100
No par
Wriglev (Wm) Jr <Del)_
No par
Wyandotte Worsted Co new
5
97
104
*85
94
Jan
26% Jan 16
17
91% Jan
93
Feb
*955/8
Dec
83% Jan
July 11
9% Mar 14
50
>102%
18
195/a Mar 15
Worthington P & M (Del) -—No par
87
Dec
47% Dec
Jan
30
700
96%
31%
Jan
8 3/b
May 21
12% Jan 29
643/4
103
Jan
47% Dec
103
Oct
36
x33 % Jan
64
*85
105
Mar 23
84
Feb
78
26% Jan
23% July 10
13% Mar 13
Dec
107%
87% Jan
27% Feb 26
65
*955/8
Jan
101% Aug
31% Jan
16
Jan
35 % Feb 26
66
*102%
64
62% May 29
3
Jan
43
105% Dec
Oct
Jan 11
70
101
45
100
107% Jan 31
5
45% Dec
27% Feb
45% Jun 17
36% Mar 21
20
1
Woolworth (P W) Co
101
"
39
65
87
Jun
Oct
56
35
65
96
'
26% Jan
Co
Daily, Weekly and Yearly
July
2
34% Apr 25
22
65
Transactions at the New York Slock
Date—
87 3% Jan
66
12%
listed on
30% Jan
57%
28J/a
Below
14
7,000
80
Foreign
56% Jun
57%
77
;
2
49
1023/4
Jun
46% Mar
37% Jun
57% July
563/4
96
4% Jan
Feb
Dec
14%
323,4 Jan
,
13%
49
1023/4
61
17
57%
96%
90% May 14
3% Dec
16
49%
103
1
13% Jan
573/a
*64
9
Jan
323/4 Jan
493/8
*30
Saturday
Dec
11
Jan
35
2
Jan
58
61
k
115
Dec
50
87
annum
Dec
Jan
3
57%
*23%
per
40
106
116% Apr
7
*49 %
21%
and
1183/4 Dec
57%
50
76%
*34
113% Sep
223/4 Mar
9 % Mar 15
23% Mar 30
No par
Wisconsin El Pow Co 6%
200
101
1193/4 May 16
53% Jun 10
43 Va Aug
—No
preferred
Wilson-Jones
165
114% May 18
7
64% Jan
Motors.
Wilson & Co Inc
$4.25
Dec
23
57%
*48%
*85
*85
Willys-Overland
41,900
1003/4
21
Oct
112
Jan
57
1
No par
20
8
Mach Corp
preferred
preferred
Wilcox Oil Co
7,200
193/4
100% 100%
20%
100%
118%
35% Feb 26
No par
No par
._
conv
Prior
1,900
*10%
21
155
*150
*35%
10%
10%
103/4
$4
113% NOV
1093/4 Jan
6
14
conv
White Sewing
120
100% Jan
122% Feb
Apr 24
White Motor Co—i
7,100
22%
106
36
*35%
36
2,000
NOV
37
235/a Mar
45
Apr 30
117% Apr 30
53% Jan 14
White Dental Mfg (The S 8)
375/a
*101
105
103%
200
21%
22"%
22%
233/a
105
290
37
89% NOV
4
22% Jun 25
100
100
2,100
38%
Apr
3
112% Jan
-No par
—
58
38%
.
38%
38
38%
*150
20%
*20%
160
19%
100%
100%
100
21
*150
20%
19
183/4
18%
100%
103/4
20 3/4
20%
20%
18%
,
39
*38
84%
1143/4 Jun
12%
106
105%
1063/4
1063/4
39%
56
59%
59
.
107
38% Nov
Jan
110
12.50
No Par
preferred
Wheeling Steel Corp
$5 conv prior pref
5%%
Jan
32% Jan
Wheeling ft Lake Erie Ry
*69%
*103%
*38%
z5%
$3.75 preferred
60
106
Dec
May
_12%
Westvaco Chlorine Prod
100
43
*41
*105%
Dec
16%
9
24*
No par
Elec Instruments
Weston
1,500
1
3
Dec
32
47%
Apr 17
32% Mar 14
—;
Preferred
270
40%
20
112
Class BNo paf
Westinghouse Electric Corp
SO,500
30% Jan
35% Jun 21
Westlnghouse Air Brake
4,800
39%
323/4
31
115% Jan
100
-
1,300
1,700
800
75%
47% Jan
853/4 Mar 15
pfd_—100
West va Pulp & Pap-Co
No par
4% % preferred
__100
Western Air Lines, Inc.. —
I
Western Auto Supply Co.
___10
Western Maryland Ry
100
4% non-cura 2nd preferred
100
Western Pacific RR Co coot—No par
Preferred series A
»
100
Western Union Teleg class A-No pur
....
■
333/4 Dec
Feb 25
No par
213/4
*9% Ji- 9%
*24
27
51
.51%
96% 96%
36% 36%
*21% —
39% 39%
33 '/a
33%
42
42
61
61
*41% 44
*105
106
Mar
43% July 11
88% May 17
6 % preferrcd^w^-.«m».wj.lO0
22
20
16 3/4 Apr
West Penn Power 4%%
1,500
16
33% Jan
70
116%
46%
46%
*112% 113%
71
58%
preferred
343/4 Feb
12% Mar 14
a
Indies Sugar Corp:
7%
14% Aug
24% Jan
21% Nov
35% Mar 14
May 18
>
No par
Inc
60
115
106
105%
30% Jun 14
9
Jan
28
116%
*113%
*103%
•Bid
West
220
*69%
.
18% Jan 24
$ per share
tper share
30
West Penn Electric class A—No par
40
*119%
t per share
40
Wesson Oil & Snowdrift
$4 conv preferred
600
393/a
38%
*116%
I per share
Highest
Lowest
/
Par
—
Tobacco
Webster
700
6,700
43
88 3/8
Wayne Pump Co
1,000
4P/4
413/4
Warren
Washington Gas Lt Co
Waukesha Motor fin.-:
400
v
Highest
.Lowest
'
No par
e
Petroleum Chrp
600
34%
28%
Year 1945
Range Since January 1
,
'i
900
28
X34%
;
t
"
NEW YORK STOCK
EXCHANGE ''
Sales for
.
share
28
28%
34%
29 '
29 v
42 * 42
13% 13%
43
43%
*89
89%
38%' 39%
*116%.J. 17%
120
120
*113% 114%
116
116%
47
47%
*112% 113%
21
21%
a;
76
76
40%
*89
38
116%
-119%
*113%
*1151/4
48
•112%
21
75%
*24
27
*24
$ per
28%
*33%
42
14
41%
13%
Friday
July 12
t per share
s* per share
28% - 28%
34% 34%
29%.. 29%
I per share
v;
.
.
Thursday
July 11
Wednesday
•
July 10
V
July
>
$-per share
I per share
SALE PRICES
LOW AND HIGH
Tuesday
Monday
44%
20%
59%
113
26
41%
.100 1,775
Par
Ask
Fulton
33%
114
44%
.
-100
Guaranty Trust
"18%
10
Irving Trust
—100 1,880
Kings County Trust
50
25
Lawyers Trust
61
Manufacturers Trust Co— .-20
-100
Inc
291
47%
Morgan (J P) ft Co
National City Bank
22
New
62
Public Nat'l Bank ft Trust- .17%
43%
Sterling National
78
118
12%
—25
—
29
Title Guarantee &
44%
United States Trust
1,835
—.
York Trust
Trust.
Ask
210
190
333
49
136
49%
195
—100
Grace National
437
Bid
—100
Trust-
45%
103
22%
775
342
19%
1,930
53
63
297
47%
107
45%
83
24%
805
ilATDv"J t
'v-v:
[Volume 164
THE COMMERCIAL * FINANCIAL CHRONICLES'
Humber-4507
Bond Record
New York Stock
«»
FRIDAY
WEEKLY
-
Exchange
YEARLY
-
NOTICE—Prices
;
ore "and Interest** ' except for income and defaulted bonds.,
Cash and deferred delivery sales, are
disregarded In the week's xanm. —the* are the omv
and when outside of the regular weekly range are Shown In a footnote In the week In which
they occur. No account Is taken of such sales!*
eomputtngthe range fortherwur
indicate In each oase the niontlL.whan Nia hondf
iaature.
the week,
u
Tho llalic letters in the column headed "Interest Period"
BONDS
(c
New York Stock Exchange
'JFrlday
' & Last
Interest
8, 8. (KTernmeit
&
3yas.
3s
2%s.
2%s.
2%s.
2%s.
2%s.
2%s.
2M>s.
2MiS.
2MaS.
Treasury 2Vis.
Treasury 2%s.
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
''-u-
v
; M-S
—
MS
—
Jf-S
-
—
High
104.14
104
Low
',
v
Interest '
Period
Friday ;
Last
Week's Range
"
or
Sale Pried
•103.10
5
J-D
—
M-S
—
J-D
—
J-D
1948
-
1949-1953
1950-1952
+
M-S
—
M-S.
JW-S
1962-1967
J-D
1663-1968
r
.
J»f-S
1956-1958
2%s
2MiS
2 Vis.
2 Mas
2 Mas
?%s
2%s_
2%s_
2MiS2Vis2V4S-
—
J-D
-1952-1954
_
—
tow
•63
J-D
.-June 1964-1969
—
—
105.12
J-D
1964-1969
Af-S
1966-1971
—
J-D
1965-1970
..Dec,
Af-S
-June 1967-1972
—
,104.24
__
J-X)
-Sept 1967-1972
J-D
1951-1953
J-D
1952-1955
J-D
J-D
M-S
Treasury 2Vis_
J-D
2 Vis.
J-D
2s
J-D
2s
2s—
2s
2s
2s;
2s—
,
»
__
—
,
,
„
—
__
J-D
M-S
J-D
104.24
*104.30
el04.4
el04.4
65%
60%
61
65
65
64 %
60%
65%
64'/4
60%
64%
60%
65
65
65%
61
64%
60%
64%
103
100
103%
101% 104
65%
,
101
102%
*96 Mb
95%
—
8
87
98
99 Ma
*102.21
102.23
__
*102.26
__
J-D
__
J-D
__
21%
21 y4
105.1
30%
*104.2
*106.21
__
*101.13
101.15.
*101.19
22 %
106.23
101.21
J-D
—
30Mi
30%
29%
21%
104.4
__
J-D
1%bl%s
__
24 Mi
30%
30%
30%
21
J-D
J-D
2iy4
28%
24 V*r
24%
City
Transit Unification Issue—
34
30%
21%
22%
105
*104.31
30 %
30%
30%
30%
30%
24%
21 y4
103.26
*104.30
63%
30
21%
103.13
*103.24
102 y4
47
22
,iQ3.5
*103.11
87
100%
103
*103.3
—
5
102.28
*102.30
100 y4
110% 112%
111% 114%
102.31
—
100
90%
74M»
.101.24
__
100
.99 Mi
88 Ma
100
99% 100 %
102.28
*102.29
96%
86 Ms
98
101.27
__
,
97% 100
106.28
*101.22
•=;»,■
63%
108.29
102.20
M-S
New York
65
60%
102 Va 102%
106.25
*108.27
60%
64
65%
*102 Vi 103 Ma
2
105.5
*106.26
65%
63%
*101
104.28
*105.3
65%;?
*63
5
107.29
*106.23
60%
65
64%
105
*104.26
65%
*63
105.6
104.24
64%
63%
105.8
*105.4
*102.26
__
M-S
—
*105.6
*101.25
—
Af-S
2s
2s
2s
2s
2s
2s—
105.12
60M«
V 64 Vi
—
106.2
105.12
65'/a
[ 64
04%
*
108.18
*106
63
*63
106.14
*108.16
60 Mi
63%
*63
,
106.19
*106.12
102.20102.20
Af-S
J-D
*106.17
*107.27
__
M-S
—Dec 1967-1972
-i—
64 Ml
64 %
*63
103.27
105.17
High
60 Mi
*64 %
116.29
*105.15
Low
65%
63
116.1
*103.25
Range Since
.January
Sold
No.
64 Ma
114.5
*116.27
Bonds
—
103.12
*115.31
High
104.14 ,104.27
*108.14.108.16
*114.3
Thursday's
Bid A Asked4
High
110.5
♦103.30
'4
Range Since
January 1
107.20
♦110.3
No>\
104.14
♦107.1-8
Sold
'
Treasury 21As.
Treasury 2 Vis
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
104.14
A'O
J-D
■
'
Bonds
Bid A Asked
torn
Treasury 4Mis.
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury,
Week's Range r;;
t^'or Friday's-:
Sale Price
Period
-21%
Corporate Stock
120%
28%
23 Vl
120 % 121%
28%
20ya
29
23 y4
29
21
■
29
23%
:
%
28%
21%
29
22 y«
27
18%
28
'
22
Securities
37
81 Ma
81 Ma
85 Ma
85 Ma
58%
67%
51%
52 Ma
51 Ma
55
51 y«
Wertheim & Co.
97
120
Teletype
Broadway, New York
NY
33%
88%
97%
38 Mb
39-
111
1-1693
111
*81
77
79y4
AGtd sink fund 6s
1941
*81
77
82
103 Mi 103 M«
97 Ma
1968
1945
s
i 7s series B
s
f 7s series C_
AExternal
s
f 7s series D
1945
f 7s
AExternal
s
AExternal
sec
s
sec
s
5s
of
f 7s__
33
30%
33
102 Ma
100%
1013/4 102 Ma
101
96 Mi
1013/a
96%
*101
102 Vi
102 M2
50
105
—
102
104%
11074 111M4
106%
112 Ma
105 Ma 106
1063/4
102%
102 Mi 102%
103 Ma
101
105
105
110%
105
1113/4
.——1955
(U S of) external 8s
s
101%
104
1053/4
1941
Stamped pursuant to Plan A
(Int reduced to 3.5% I
*1978
AExternal
1013/4
102 Ma
101
105
1113/4 1113/4
*115%
f 6%s of 1926—1957
Stamped pursuant to Plan A
(Int reduced to 3.375% )
AExternal s f bMas of 1927
v
1979
•—
737a
103%
111 Ma
115M4
64 Ma
82 Ma
60 Ma
76 Ma
62%
85
'
A Jugoslavia
(State Mtge Bk) 7s
1957
(Colombia) 6M2S!..:-.
-1954
(Prov) 4s readjusted-:.—1954
AMedellin
Mendoza
Mexican Irrigation—
A4%s stamped assented-
1943
*133/4
agree
*10%
extl 5s of 1899 £—1945
A Assenting 5s of 1899
—1945
AAssented to Nov. 5, 1942, agree
*21%
AAssented
AMexico
to
Nov.
5.
1942,
(US)
*21%
*16 Ma
1957
__
—
—
—
17
Stamped pursuant to Plan A
(Int reduced to 3.375%)—1979
A7s
(Central Ry)
1952
Stamped pursuant
to Plan A
(Int reduced to 3.5% )B% funding bonds of 1931
Stamped pursuant to Plan A
(Int reduced to 3.375% )
1978
For Financial Institutions
1979
External $ bonds of 1944 (Plan B)—
3%s Series No. 1
5%-s
Series
No.
Series
No.
3
3%s
Series
No.
4
3%s
Series
No.
FOREIGN
SECURITIES
2
3%s
5
3%s Series No.
FIRM TRADING MARKETS
6_.
!»%s
Series
No.
7—
3%s
Series
No.
8—
^
nun. MABES 4
_
CO. nro.'
3%8 Serles No. 9—4*
3%» Series
:
No.
m
FOREIGN SECOTmES SPECIALISTS
!
'
•
3%S. Series No.;■: 11—
3%s" Series No,12—-2——
Series
No.
lR
3%S Series No;
For
SjU New York 4# N. Y.
14
Nft
50 Broad
/
3%s Series No.: 13
3%s
3%S flffrifts
footnotes
:
]
V
16-——
see
page
301,
Telephone HAnover 2-005&-
,
101 %
102 Ma
90 Ma
102 Ma
105
101
102 Ma
*101
131M4
102 Ma 102 Ma
100*
99 Mi 1003/a
34 Ma
100 Ma 101 Mi
,—1953
—.
99 Mi
102 Ma 102%
*103 Ma
—
lABrazil
100
102
104
*101
—1958
f 6a
s
30%
19
102 Ma
Belgium external 8%s——-—.—.1949
External
30%
32
1957
Kxternal g 4%s of 1928
s
32
373/4
33 M4
100 Ml 1003/4
101
96
98
*101
37%
36 Mi
100 Ma
1927—
External
36 Mi
40
19
8 f extl conv loan 4s Apr—
—1972
Australia (Commonw'lth) 5s of'25-1955
External
373/4
1972
8 f extl conv loan 4s Feb
168 M4
98
*101
—1971
8 f conv loan 4Mas—
162
98%
*101
317s
100 M4
100
38
32
1957
AAntwerp (City) external 5s_
1958
Argentine (National Government)—
S I external 4 Mas
—1948
102 Ma
38
36 Mi
373/4
f 7s 3rd series—1957
1st series
36 Mi
38
*373/4
f 7s 2d series—1957
AExternal
373/4
37%
1945
99
104%
373/4
1945
AExternal
crllS#
109.
113W
*100
1947
AExternal
1677a 168 Mi
111
-108%
110
*100
AGtd sink fund 6s
AAntloqula (Dept) coll 7s A
106
104
*108
168 Mi
Foreign Govt. A Municipal
Agricultural Mtge Bank (Colombia)—
4s.
'
97
34
113% II33/4
(King of Norway)
54 Ma
100
33 Ma
*103
Akershus
91
97'
Members New York Stock Exchange
Telephone
REctor 2-2300
97
Teletype N. Y. 1-971
THE COMMERCIAL & FINANCIAL CHRONICLE
29a
Monday,'July 15, 1946
NEW YORK BOND RECORD
RANGE FOB WEEK
ENDING JULY 12
BONDS
New
York
Stock
Friday
VVv.H„
*'.fj
V
.
'V).
•
*>'
•
.
,V<
:r
rvlt
f
•
v
,
'•'*ji':V
Of-M'J*.
Last
Period
V
Interest
Exchange
Sale Price
or
Railroad Reorganization Securities
6s with
1948
A-O
,
51
61
•'
Member* New York Stock Exchange ^
<
A-O
A-0
100 Va
100 Va 100 Va
M-S
109%
109% 110
Foreign Pow deb, 5s
2030
American Telephone & Telegraph Co.—
t'
Interest
Exchange
Last
Week's Range
or Friday's -
Period
Stock
Sale Price
Bid & Asked
1
•
-Friday
debentures—
conv
2%
Low
Mexico—(Continued)—
"AAssenting 4s of 1904
;____1954
A Assented
to Nov.
5/ 1942,
Amer
Tobacco
»
AAssented
to Nov.
1943
dbb
M-S
157 %
157
159'/a
51
104%
104% 104%
247
A-0
105%
104% 105%
59
103% 107%
104%
104% 104%
16
103
105%
-106%
106 V» 106%
30
105
107%
'
3s_i:
lATreasury 6s ol 1913
1933
assent
1st
January 1
Low
High
>
1995
'
mtge 3%s series E_^
11%
__
16
18%
15%
14%
15
42
38
46
Atlantic &
*35
39
39
42%
Atlantic
*
42
38
38%
35
Jan
98
-
Q-J
"99
M-S
104%
A-0
136%
to
Nov.
1942,
5,
*25
*17%
agree
!
i.__1964
ft Santa £e—
(Int
reduced
ASec >external
to
j
>
_199»
Jf-S
unified 4%s
Second
2.125%)
2008
t 6%s
s
1959
M-S
98
104
100
23
104% 108
28
104% 104%
131%
.
.
4s__^_July 1 1995 <
^..July 1 1995 >
Atl Knox & Nor 1st gold 5s—_i.__l946 »
Atlanta & Charlotte Air ,'Llhb Ry-^ >
1st mortgage 3%k—,114& .1 bkl f
Atlantic Coast 1st" cons 4s_„.July 1952 .
Stamped pursuant to Plan A
t
92%
,
Adjustment gold
Stamped 4s____
General
1951
107%
135% 137
42
~
lllnas Geraes
(State)—
vASec external s t 6%s__.
159 Va
103
101
■
143%
98
Nov
A—
...1984
debs—i__1966
26
*105% 107
mr*
110% 111
38
109 Va
114% 116%
M-N
30
110% 118%
42%
46%
M-S
J-D
,
^1948
mortgage 4b-w_—.»„i«.1948
2%s
131%
122%
125
124
J-D
Danville"Ry 1st 4s
Refining
123
'124
M-N
,
AAssented
■\
•
46
*35
A-O
A-0
—196?
(111)'--
Atchison TopCka
General 4s
13%
*14
J-J
..1962 r
1st gold 4s
Co
12%
*18%
J-J
104
107% 110
70
,
F-A
^aU--4~4^k^.ll969
Armour &
Range Since
10%
10 Vi
1942, ftgfee
5,
Sold
116%
1980
...
Ann Arbor
No.
1
1956
_
Co
38 debentures
10 Vi
*12%
J-D
agree
AAssenting 4s of 1910—;
High
117
—1975
—A....
debentures
,
Bonds
*..
*
3s
,2%s debentures
Bell Teletype—NY 1-310
BONDS
Tork
105
100%
'
&
A'Anglo-Chilean Nitrate deb
New
100
1
103
114
A-O
Albany & Susquehanna RR 4%s~ 1975
Alleghany A West 1st gtd 4s.._____i998
:■
New York 6
Broadway
T«Iepho»e—DIgby 4-4938
,
<
High
100
*102% 102%
102% 102%
Am
j
Low
No.
warrants assented._.-:..1948
PFLUGFELDER, BAMPTON & RUST
Range Since
January 1
Sold
High
"
Albany Perfor Wrap Pap 6s
Bonds
Friday's
Bid & Asked
Low
114%
J-J
3
44
45
33%
J-J
33%
113
38%
33%
2
103% 104
J-J
>
104% 107
40
102% 105%
61
103
107%
101%
105
Stamped pursuant to Plan A
*
(Int
reduced
to
2.125%)
2008
AMbntevideo
(City) 7a
New Soutn Wales (State)
External
•
s
f
102
102
102
M-a
105
105
A-0
106 Vi
105% 106%
51
—1963
F-A
106%
105% 106%
12
101
102% 102%
1
101% 101%
1
•
J-D
—1985
APanama
(Rep) extl s f 5s
Stamped assented 5s
Stamp mod 3%s ext to-
ser
102 Vi 102%
A-0
—1970
A-O
(City) sink fund 4Vis
A.1963
A
•Ext
101
1956
;
f 5s
s
B
.1
1963
1958
4Vis
Municipal Bank extl
*
F-A
*125
103
101% 103%
101
107%
100
107%
5s.
(Kingdom of)
'External sink lund *%«
4s sink fund extl loan
ObIo
J-D
1057
t 5s
s
External
Norway
1952
..1963
M-N
M-S
1947
M-S
99%
*__
42
(Int
reduced
to
external 7s
loan extl s f 6s 1st
ANat Loan extl
f A Poland
a
2008
19
J-D
25%
25%
27
172
24
25%
25%
27
76
24
A-0
.1947
A-0
-1968
A-O
*13%
—1950
J-J
*__
-1963
J-J
*14%
-1961
J-D
f 7s
—
APorto Alegre
(City of) 8s
-Btamped pursuant to Plan A
(Int reduced to 2.375%)—:
AExternal loan 7Vis
^
pursuant
to
to
18%
18%
18%
31
31
18%
24
29%
25
19
18
24
43
48
2001
42
^.1968
Plan
2.25%)
*__
47
43
91
M-S
86
86
89%
33
85%
98%
M-S
86
86
88%
74
84%
96%
FrA
71
71
•70%
(int at 1% 'io
J-J
*__
40%
41
83
76
Queensland (State) extl 6s
1947
F-A
101%
M-N
72 Va
201
101% 101%
20
103 % 104
__
63
JrJ
103%
99-104%
102% 104
4
103% 103%
J-J
1951
J-J
1951
A-O
A-0
132%
132% 133 %
39
130%
J-J
104
103% 104%
20
102%
5
105%
106%
106%
106%
—
Cons
101
42
2001
A-0
*__
41%'
41
F-A
*35
40
38
M-N
JABoston ft N Y Air L 1st 4s
48
-
*108'A
•
1
•
(Int reduced to 2.375%)
AExternal
Stamped
sec
6Vis—
pursuant
(Int reduced to
—
to
Plan
2%)—
2012
Rio Grande do Sul (State of)—
A 8s extl loan of 1921
Stamped pursuant
(Int
reduced
to
to
Plan
F-A
35%
35%
35 Va
45
4s
A-0
*—
50
45
52
__
57
99
67
69'/a
60
67
84%
65
2.5%)—
1999
45
45
J-D
*34
39%
40
45
(Int reduced to 2% )
2012
JrD
*30
35%
36%
44
A7s external loan of 1926
1968
M-N
44%
42%
65
66
4
65
85
47
36
40%
43
46%
to
Plan
(Int reduced to 2.25%
39
1964
fiASan
Paulo
(City) 8s
'Stamped pursuant to Plan A
*
39%
J-D
20Of
Santa Pe external sink funa 4s
(Int reduced to 2.375% )
A6Vis extl secured s f
ACertificates
M-S
1952
M-N
-
100
99% 100
*51
Stamped pursuant to Plad A
(Int. reduced to 2%)—
95%
of
(State)
8s
1957
M-N
♦—
Consolidated
*67
J-J
67
J-J
(Int reduced to 2.5%)——1999
A7s extl water loan
1958
J-J
(Int reduced to 2.25%)
66 Va
t|A8ecured
to
2004
45
California
43
Canada Soutnern cons
Elec
1 7s_—
a
1968
—1940
Serb* Croats ft Slovenes
A 8s
secured
71
71
Guaranteed- gold ;
Guaranteed gold
60
69%
M-N
A-O
1957
Oct 1969
L
1970
A 7s
series B
sec
67
60
extl
55
61%
J-J
60
55
A4Via assented
54%
60
61
54
61
56%
J-J
*56
A-0
82%
A-0
82%
*70
71%
12%
*12%
*18
25
J-D
16
16
M-N
21
20%
ARef ft gen 5%s series
ARef ft gen 5s. series C
AChatt Div pur,money
25
16
M-N
*115
External
External
-I960"
-1964
readjustment
1979
conversion
extl
103% 104%
(City)
M-N
34
102
120
104%
120
..
1978
F-A
94%
'
—
M-N
J-D
1984
J-J
1958
*88%
89%
w
F-A
1958
external 7s
F-A
,
v
89%
:
*92
.
*84:,
95%
1948
*10%
J-D
Alabama
Great
Southern
3Vis
1967
1st
3Vis
1972
J-J
*105
footnotes
see
page
301.
.
..
120%
F-A
114%
•.
J-J
5
3
4s-—1948
123%
11
114
41
108% 121
*
—
108
F-A
-vw-
•
105 Va
*92%
—
105'A
78%
M-N
89
105 Va 105%
95
105 V* 105'A
78
-
81
25%
A-O
25
26
5s^^rr—1946..
j-j
*73%
82%
*__
J-D
..
42
*109 Va
A-0
103%
J-J
1
-
105 V* '«
105%
107% 109
2
91
87%
104
18
107
87 Va
4
74
96
99%
—
108
74%
6
87%
23% -33%
13-.
"22%
33%
""76
—..
85
37
44%
108
—
—
103% 104%
109%
100%
10
106%
61%
44'A
;43'A
80
70
4'J
39%
40%
17
39%
56
39
39
39
52
42
41V*
41
40
39%
39
J-J
116%
102%
14
•
-
105 V*
•
108
89
'V*
25
3%8..^^..—1966'
JACent New Eng 1st gtd 4s
1961
tACentral of N J gen gold 5s~—^1987
A5s registered
1987.
AGeneral
.....1987
A 4s registered
1987
119
121% 124
114% 115 Va
—
J-D
"
118
120%
105'A 105'A
F-A
125%
*
HAY* 114'A
F-A
:
125
122
.115
116
120% 120%
A-0
•
41%
•••.)
60 Va:
-—
ij,
Central N Y Power 3s
Central Pacific 1st ref gtd
94
90
96
90
-83
28
84
18
21%
16
14
1st ft ref series A
•;
-
95%
86
89%
•
96
95
J-J
..."
*104% 106%
—
•
2
•
.
-.1974
gold 4s_1949
108
108
F-A
,
108
stamp
109% 109%
104%
105%
Ref ft
1974
(partial redemption)._1942
103%
Ref ft impt M
104 %
105%
R & A Div
109%
;
3s—1965
F-At-
*108%
—
49%
—
—
49 Va "
J-J
->
108%
107%
jr-j
48^——1989
JrJ
—
110
2
5
109% 113
48%
50
103% 106
M-N
106
r
147
147 Va
17
144
151%
106
147%
M-S
1989
3%s series E:
105% 105%
—
'F-A
1st cons gold 4s
2d consol gold
mmrnm
1992
1996
1996
impt mtge 3%s D
102 Va
107
~8
-
to Aug 1 1949)
IA Central RR & Banking Co—
(4%%
5s
107
108
*107
A-0
18
102% 102%
M-N
Power
For
J-J
1959
1959
gold 4s_.1951
86%
-.21
——
M-S
Alabama
mtge
116'A 116%
121% 121%
J-D
A-0
M-S
Champion Paper ft Fibre deb
Chesapeake ft Ohio Ry—
General gold. 4%s
1947
J?oll trust 4s of 1907
11
A-0
B
87
39
93
Railroad and Industrial Companier
Adams Express coll tr gold 4s
AMobile. DIV- 1st gold
r
1979
AiVia assented
35":
116 Va 116%
'
1978
conv
122% 122%
109
108
118%
20
($ bonds of 1937)—
4-4%-4Vis extl readjustment
3 Vis extl readjustment
AWarsaw
1946
mtge 5s
IA Con sol gold 5s
106'A
10
122%'
..Nov 1945
1945
U P 1st gold
76
23
1
*115
•
A Cent Branch
85
*120
3%-4Vi-4A
106
106%
....
123
116'A
1965
1981
gold 4s
Corp 3s debs
Central Eltaols Light
F-A
3%8'4»4%%
Celanese
12%
13%
J-D
F-A
AExternal. wink fund 6s
98
122
—1965
Carolina Clinch & Ohio 4s
12%
12%
M-N
AD«-UKL«»y (Republic)
•
-.
4%s—.—«-_^.195b
a 1st
64
76%
M-N
Sydrev rcity) at 5 Via—^—,,.,,.1953
,AE*ternal sink fund 6s
56%
107%
104% 109
J-J
4%a..-4--7—i-^955
'
Tpsft
extl 8s
1
*106% 107%
JCentral of Georgia Ry—
1978
1958
,
8
122
64
56%
*54
1962
7s
105 Va
J-J
•
gold: 4%s—
1951
Can Pac Ry 4% deb stk perpetual—
$| A Carolina Central 1st gtd 4s
1949
.Certificates of depo8tt^.^>^..-—...»
69%
57
1962
extl
(Prov of)
ASllesla
gold
5s
Guaranteed gold 5s_.
71
(Kingdom)—
external
58
53
104
105
__
92%
48%
48%
A-0
1974
3% s_
Cart ft Adir 1st gtd
2012
Stamped pursuant to Plan A
(Int reduced to 3.5%)
83
2
108%, 108%
J-J
A-0
gtd 5s A—.1962
3%s
Power
Guaranteed
57
J-J
2%)—
-CO
*106
A-0
—1960
68
86
OO
OO 0^
54
66%
M-S
Stamped pursuant to Plan A
reduced
84%
85
*
A-O
Guaranteed
A6S extl dollar loan
(Int
106 Va
107%
42
65
Stamped pursuant to Plan A
-
104 %
100
57
67
69%
Stamped pursuant to Plan A
•
20
105
105
105
48
37%
J-J
1950
•
107 Va
M-N
1955
Calif Oregon Power
1999
external
105%
M-N
—1952
5s
40
41
20l2
.1938
(Int reduced to 2.5%)
A 8s
1
*__
Bush Term Bldgs 5s gtd..
48
*46
Stamped pursuant to Plan A
V
105% 105%
,rr
deposit
Canadian National gold 4%s
|ASan Paulo
104 Va
105%
106 Va
11
at
(interest
48
„
106%
106 Va
105% 105%
—
"
2001
-
25
M-S
103% 105%
11
103% 103%
*106Va
*103% 105 Va
M-S
mtge 2%s_1975
Bush Terminal 1st 4s
A
-(Intreducedto2^5%>——20b4
•
1969
103%
•
F-A
M-N
3% to May 1,1947) due
___1957
IBurlington Cedar Rap ft Nor—
{A 1st & coll 5s
1934
Stamped pursuant7to Plan A
A74 municipal lbaru— ——1967
Stamped pursuant to Plan A
modified
Stamped
50
1968
M-N
f debentures—
104
99% 100%
Buffalo Rochester ft Pgh Ry—
A
A68 external sink fund gold-
Stamped pursuant
s
Buffalo Niagara El 1st
1948
i960
.1950
.1947
1969
cons M 3%s
Bklyn Union El 1st gold 5s—
Bklyn Union Gas 6s series A
Gen mtge s f 3%s_
105%
107% 109
i
—
106
106
67
•
-v
F-A
1955
Bklyn Edison
A
133%
99%
J-J
M-N
A
*106 Va
A-O
1961
mtge 4s series RR
1960
Alnc ratgrAVis 8er:A....MJiuly. 1970
50
1953
42
*103%-104
M-S
1955
1st
52%
A-0
1970
..^..1967
series H
1st gold 4%s series JJ
103%
42
101% 101%
mtge 2%s ser I
5s
15
104 % 104%
Corp—
Boston ft Maine 1st 5s A C
1st M
98% 104%
98
105%
39
103
103
104%
Stamped pursuant to Plan A
V
88%
103
99
1951
stamped.
Bethlehem Steel
85
1948
_^_JPeb 11960
Beech Creek Extension 1st 3%s
43
*70%
8s
due—
J-J
4b
45
M-N
(City of)
89
Con ref 4s—.
A
1952
Janeiro
97%
Bangor ft Aroostook RR—
47
2006
de
90%
1959
35 Va
APrague (City of Greater) 7Vis
A Rio
86%
94%
Bell Telephone of Pa 5s series C—1960
32%
18
99
103
87
95
23
31
86
J-D
Toledo Cta Div ref 4s A—
18 Vi
24
122
gold 4s extended to
.1951
B'west Div 1st M (tat at 3%%
to Jan 1 1947) due.........1950
30%
—.
102% 103 Vi
J-D
Ref
A-0
-1958
103
tb
.1995
Pgh L E & W.Ya System-^
30%
A-O
—
reduced
A Conv
33
1961
s
A-0
July 1948
(int at 1% to
6ep 1 1Q4RV rtna
onni)
Ref ft gen Ser. F
46
25%
1960
ARxternal sink fund gold 8s_.
A4Vis assented
(Int
28
39
42
27
ser
AStabllization loan
Stamped
*__
27
105% 105%
Ref ft gen ser.D
44
gold 6s_.__—1940
(Rep of)
a4Vis assented
M-S
105%
(tat at 1%%
due—
1995
Ref ft gen set C
i
4o Deo 1 1946)
106%
3er.
A4'/is assented
*'
M-S
1959
:
f 6s 2d
A-0
to
Sep 11946);due——i^.-ii-L1996
2.125%)
(Rep of)
A Nat
at 4%
Ref ft gen ser. A (int at 1 %
Dec 1 1946). .due——
Btamped pursuant to Plan A
A Peru
—July 1948
mtge goldv.Unt
Oct 1 1946) due
-
99% 103
99% 103%
106%
41%
„
1st
107%
100% 102
98% 100,
99%
*105% 106%
ft Ohio RR—
1st mtge gold 4s.
Btamped modified bonds—
i
100% 100%
JrD
1967
2
*99 %
M-N
1994
ref 3 Vis series B——
Apernambuco (State of) 7s
£
sec
101%
17
Baltimore
106
22
105
107%
105 V* 106
14
104%
14
132% 135%
132% 132%
x;
*122
124
—
?.
107%
,
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4507
iJ/olume 164
295
NEW YORK BOND RECORD
RANGE FOB WEEK ENDING JULY 12
§
Week's Range
Friday
BONDS
\
Stock
York
Interest
Exchange
Last
Period
New
Sale Price
or
Low
;/).; ■
fAChicago & Alton RR ref 3s
1849
Chicago Burlington As Quracy RR-*-
?si..
General 4s—
'
Low
55
56%
19
54%
mtge
inc
118Vi
118
17
116%
118% 119
10
103Vi 104
31
103
El Paso & S W 1st 5s
J-J
100 %
1st mtge 3%s ser B
—1985
"
100
100 Yi
12
99%
60
63%
46
60
100
99
100 Va
61
99
~1982
Chicago pt West 1st 4s series A. ^.1988
AGen inc mtge
•144
M-N
Chicago ft Erie 1st gold.5s_.
,,
'I
103 y8
104%
144
__
{Chicago Ind & Louisville Ry—
ARefundkug 6s ser Ah>.—.1947
A Ref
unding gold 5s series B—.1947
A-O
•—
Sold
No.
Range Since
January 1
LOW
High
A-O
♦112
124%
A-O
J-J
144
J-J
987/a
98%
99
32
92
99%
64'/2
64 Vi
67 Va
19
64%
cons
mtge 3yas
1st
*
117% 127%
124 Va
124%
-1965
1st
88
J-3
;
4ViS—Jan 1 2038
Bonds
High
—1968
5s stamped.
the Railroad Co—
106 y4
60
M-N
Friday's /
Get. mtge inc 4%s series A— -2015
1st cons mtge 3'As ser E
-1964
117% 119%
F-A
or
Bid & Asked
Low
119%
118
1997
(conv)
Week'sRango
Last,
Sale Prioe
Period
Chicago & Eastern 111 RR—»
A Gen
Interest
Exchangt
64%
118%
F-A
Stock
High
J-J
—197.7
1985
1970
1st & ref mtge 3%s_.
1st & ref mtge 2%s—
No.
High
York
New
Range Since
January 1
Sold
F-A
—>1958
1st & ref 4 yas series B
'
55
A-0
V/Frldaj::
BONDS
Bonds
Friday's
Bid & Asked
cons
mtge 3Vis ser G—-« -2000-
1st
cons
2s
ser
F
ser
H
-1990
1
95%
J-J
M-S
u-a
103 y*
106%
93
104
6
100%
37
99%
:
106
99 % 100 «/4
99%
-1953
—
33
96
101%
105
101
1st mtge 3y4S—— -1871
Ohio Div
95
*102% 108%
J-J
/
124%
♦—
,102
106%
;
83
♦105%
106
—
.
|E9i
jsvr
sm
A Refunding 4s series C
A 1st
.
.
W.
,
'I
J-Jky*.3-J '
J-J
106
100
mm mm
125%
118
20
~mm
'"V;
132%
1
„
-26%
21':
301/2
J-J
75
75
80
139
75
80
J-J
55 y2
55Vi
58
141
551/2-
58
J-3
*—
—
109
Firestone. Tire & Rub 3s deb
1961
jAFlorlda Cent & Peninsular 5s—1943
Certificates of deposit.
{Florida East Coast 1st 4%s
1959
A 1st
of
105% 105%
*95%
J-D
.1974
Francisco Sugar coU trust 6s
1988
M-N
103
78
80
104% 106%
131
103
103
u-a
deposit—
19
—
*__
80
*70
81 ref 5s series A
ACertiflcates
Jf-N
J-J
98
'vl
13
104
100
90
78
80%
10
107 % 108
88%
108
104
107% HOI/4
Chic Milw St Paul & Fac RR—
1st mtge 4s ser A
105%
J-3
1994
105% 1057/8
23
105
105%
mtge 4yas inc ser A Jan 1 2019
Apr
96
96
100
118
95%
1071/2
Jan 1 2044
Apr
78%
78Vi
82
281
78%
96%
Chicago & North Western Ry-—
2nd mtge cony inc 4,/as__Jan 1 1999
Apr
86%
86%
90%
164
86%
981/4
Oen
..
I
4Vis
19
inc ser
conv
B
1st mtge 3s ser B—a—
J-3
1989
tIAChicago Railways 1st 5s stpd
25% partial, redemption—..
1927
{Chicago Rock Island & Pacific Ry—
A General
4s\_
:
3Vis
&
Income
Chicago
87'/a
87 Vi
88 V4
57%
57%
60 Va
344
62
62
63%
11
M-N
35
38V4
65%
18
M-S
1852
454
J-D
34 Vi
*108
871/2
1951
3-D
72%
62
81
103
100
101% 101%
—
106
1994
Chic & West Indiana
J-3
99
—
106%
99 V*
18
3-J
3-J
1952
J-J
noy2
107%
96%
M-S
107
107
Union
100
1957
1952
u-a
.Oct 11948
112%
105
4
107
3
42%
5
42%
78
119%
122 y4
136 y8
140%
v
8
127%
134%
^
1
108
110 3V1
20
104
107
14
103%
3-J
105%
104
2000
J-3
2%s
ser
P
1982
J-3
ser
Q___
2010
J-3
91%
1961
J-3
78
8
H O CO
99
1
112
113%
F-A
113
1974
105
107%
J-D
113
105
22
103%
107 Va
51
106% 107 %
104%,
108 J/4
*__
109 7/8
General gold 4s_.
.1993
J-D
.1993
J-D
Ref & impt 4%s series E.
.1977
3-J
95
95
96
160
91%
Cin Wab & M Div 1st 4s
.1991
3-J
89%
89%
90
18
86 %
M-N
—1970
J-J
110
—
105 7/s 109%
—
99%'
91%
99
81
Feb
*11%
99 %
100%
90%
917/a
5
917/8
98%
*75
98%
99 Va
13
—m
m Ik
104i/a
103%
104%
*106% 107%
105%
107%
103 % 103 Va
a-o
1978
99 V*
104 y4
*103
II
J-J
J2018
107
54
58
1
3-J
1969
A-0
Hackensack Water 1st mtge 2%s—1976
Docking Valley Ry 1st 4V»»
JjAHousatonic Ry cons gold'5s—1937
f-
m-s
3-J
102
5
102%
101 y8
104
100
General 5s series B
-1990
99 Ye
Feb
107%
F-A
1961
105% 105%
103% 104
99%
Household Finance Corp 2%s
Hudson Coal 1st s f 5s series A
Hudson Co Gas 1st gold 5s
14
Chic & St Louis Ry-
St L Div 1st coll tr gold 4s.
9
3
J-3
1959
20
•'/'
—
137%
2%s
debs.
103%
63
105% 105 7/a
—
103
137
mtge
Corp 3s
€4
118
105%
119% 119%
mtge
Greyhound
58.
116
102%
1297/a 130
108
108
Gen
Gulf Mobile & Ohio 4s series B.
4
119%
1990
—
89
129%
j-j
3-J
1977
Gen mtge 2JAs ser R
AGreen Bay & West deb ctfs A—
A Debentures ctfs B
h
82%
——
59%
*102%
—
J-3
1978
&
'
'
m-n??
1973
''
—
j-d
1952
,
General 5s series C
General 4%s series D_
General 4 y2s series E—
Gen mtge 3Vas ser N
\
—mm
59%
j-j
.38
88
mmrnrnm
_
.1934
Certificates of deposit.
Goodrich (B F) Co. 1st mtge 2%s_1965
Grays Point Term 1st gtdSs^——1947
Great Northern Ry Co—
Gen mtge inc 5s series A
1st & ref 3%s series D
63
43%
78
A-O
43
1969
City Investing Co 4s debs
v
87%
87%
3-3
H
Terminal—
1st mtge gtd 3%s series E
1st mtge 2%s ser G
uieve On
110%
16
107
108%
108%
43%
——
M-N
1975
107
104%
__
43
A-O
cons 5s
107
106
A-O
Cine Gas & Elec 1st mtge 23/is
Cincinnati
i
—
,1943
JADebentures 5s part paid
1
110 % niy8
1962
4s
{§AChilds Co deb 5s part paid
t A Choctaw Ok & Gulf
108 'A 108 y4
1963
com
'
—
■H
—1969
Gen
107%
1963
1st ft ref 4Vis series D
debs.—
Gen mtge 3Ves ser O
107
J-3
Union Station—
1st mtge 3 VaS series P
1st mtge 27/aS ser G
inc
conv
General 5 y2s series B
39%
no
ft
1994
2%-4Vis
92%
28
J-D
M2%-4%s-.
106'/a
1051/2
j-d
Corp—
A 4s
Certificates of depositISAGa Caro & Nor 1st ext 6s_
57%
110
Gas & Elec of Berg Co cons 5s—.1949
General Realty & Utilities
JAGeorgia & Ala Ry 5s.
71
100y2
—
-.1951
.
ref
3
107
88
Chicago Terre Haute & S'eastern Ry
1st
66
A-O
1934
.
<
66
—
105
———
Memphis Div 1st gold 4s
.
106
J-3
A Conv
gold A%S—
—1960
Chicago St L & New Orleans 5s.
1951
Gold
'•"lOS
--
F-A
1988
;
ACertiflcates of deposit
IA Refunding gold 48-.
fASecured 4%s series A
fi
-
112
mm mm
■
M-N i
&-gen 5b series A
A 1st & gen 6s series B——May 1968
1st mtge 4s inc ser A
——1983
2nd mtge 4%s inc ser A——..J2Q03
Chicago Ind & Sou 50-year 4s.»—;1050
1
-m.
1
3-J
—1847
1966
121
105
~
100
Hudson &
93%
110%
A Ad]
104
*147
140%
150
M-N
1970
103%
3-J
*102
100%
104%
103% 103%
101% 101V*
J-D
.1969
3
92 y4
27
91%
91%
100%
104%
80
94
111% 113%
1949
M-N
1957
f-a
67
66
70
157
66
80%
Feb 1987
A-O
30%
30
33
217
30
45
Manhattan 1st 5s A
income 5s
*111%
_.
*
Cleveland Elec Blum 3s.
Cleveland & Pittsburgh RR—
Series C 3 Vis gtd
i:.r
T
109'% 110
—
54
108
r
110%
"
Oleve Union Term
gtd 5Vis
1st
,
Si
.
s
f 5s series B gtd—
1st
8
of.
106%
A-O
107 Va
106 Va 107y4
22
105%
108%
105%
105 % 106
1st gold 3%8
A-O
16
105
1081/4
Extended
f 4Vis series C
Colorado & Southern Ry.—
4%s (stamped modified).
'
1047/8
M-N
1977
iSeries D 3Vis gtd—
Cleve Short Line 1st gtd 4Vis
-s
103
—1948
1950
1961
—.1972
1973
__
106
105
F-A
-•r
— -
A-O
111%
111% 112
A-O
107%
107% 107%
4
■
111%
116%
106
110
M-N
-1980
Columbus ft H Y 1st extl gold
Columbus & Sou Ohio El SVis.
—1948
M-S
Oolumbua & Tol 1st extl 4s—
-1955
66
=
A-0
-1970
F-A
66%
105%
109%
—
66
84%
3s
series
F-A
1977
Conn Ry & L 1st & ref 4Vis.——.1951
Conn River Power
Consolidated
I
f 3%s A
s
111%
Rnrrhaspd
116
Collateral trust gold 4s___
Rpfunriinef Rs iVVin'riw-
ADebenture
105%
__
104 Vi 105Vi
A-O
101%
101 Va IOIV4
■'<
/!
1
101J/4
101% 102 Va
20
101%
1041/a 104V2
13
1041/2
57
57
J-3
J-J
57
,
8
57
*55%
57
4
57
106%
106 7/a 107%
J-J
104%
104% 104%
.1955
3-D
.1942
lACuba Northern Ry 1st 5Vis.
ADeposit receipts.
ACuba RR 1st 5s gold
—.1952
J-D
B
20
75
104%
108%
102%
106
102%
104
571/2
*103y2 107
*56Vi
—
47%
...
J-J
80%
J-D
60%
47Vi
47
80y2
11
811/2
13
41
41
41
...
1946
1946
llnfiff
.
60
*461/8
J-D
1975
*46 Va
~
A-0
Dayton Union Ry 3 Vis series B—1965
J-D
& Co 2%s debs
1965
Delaware & Hudson 4s.extended—1963
Deere
West
RR
1953
■
•
.
104
104 7/e
M-N
'
...
Cairo
96
96 Vi
-
107
106
104%
11
105%
108%
69
97%
100%
91%
1
106
104
F-A
MI 01
1951
Gold 3%s-
Springfield Div 1st gold 3%s
Western Lines 1st gold 4s
Registered
J-J
1951
46
A-O
M-N
—
—
106
1.03
101
102%
102
106 %
-
—
106%
105%
105%
99%
1067/a
96
102
XU Cent and Chic St L St N
Joint 1st ref 5s series A1st
ref
mtge 4s
ser D—.
III &
Iowa
lsc
104%
105% 106
118
J-D
100%
100% 102
106
J-D
94%
95
44
1963
94
gold 4s
.1970
J-J
*101% 104%
.1950
Blinois Terminal Ry 4s ser A_.
lna
J-D.
1963
1963
J -J
*105%
JAInd & Louisville 1st gtd 4s._
86
Inland Steel 1st mtge 3s series F..1961
A-O
531/4
{International Great Northern RR—
Alst 6s series A.
1952
3-J
A-O
53
103
107%
—
36
104
106%
102 Vi 1031/2
—
*105%
*105%
_
51
104% 105
105
2
F-A
48%
471/2
49
102 %
103
*99
J-3
46
48%
m —
102
mmrnm
101%
n—
1951
801/2
105% 105%
*103%
,
102%
105%
w
*__
mmmm
106
•
100%
104
*98% 101%
•+
J-J
97%
106?
102
106
J-J
1951
102
10
$
J-3
-
108
102 y8
1
,
103% 103%
—
3-D
•i
106
107% 108
F-A
1950
Rridgw gold 4a
^.IB,
Litchfield Div-1st gold 3s
1951
Louisville Diy .ft Term gold 3%s51»53
Omaha Div 1st gold 3s
1951
i
102%
—
102% 102%
...
41
5
D
Lack &
J-J
M-N
43/,d
1958
A Adjustment
6s series A—July 1952
series B
.1956
Alst gold 5s series C_
N
M-N?..,
104%
104%
mm
103% 105%
A-O
1952
1968
Alst 5s
Delaware,
v
1952
109
104%
104 yB
47
*68
—
S:
Dayton Pr & Lt 1st mtge 2%s
1951
M-S
105%
J,
77
107
—;1955
1st & ref 4yas series C—
—-
deposit rets
104% 108%
—
109
*103
mm —
76
58
M-S
ser
76
57
60
.1965
A 6s
104%
106%
101%
2%s__1975
ADeposit Teceipts
A7Vis ser A deposit rets
*103
A-O
1955
103
104%
Crucible Steel 3Vis s f debs—
-
4
J-J
.1956
1st mtge
mmmrn
i-
1951
St. Louis Div ft Term gold 3s
3-J
.1955
4s
Power
106%
103% 105%
A-O
Baking 3s debs—
Consumers
Continental
111
.1954
ADebenture ,4s_—
..4;
111
.1958
deb
non-conv
15
107%
'
-1956
—
debentures—
3Vis
108% 110
York—
1948
3 Vi s "debentures—.,—
3Vis debentures
t A Con sol Ry
*
—
14
112 Va
*106%
A-O
1965
109% 109%
'111
F-A
.1961
Cigar Corp 3Vis
Consolidated Edison of New
109%
J-3
J-J
*107%
mm am
.1951
106%
116
—
J-J
1st
gold 3%s—
1st gold 3s sterling
Collateral trust gold 4s
;
Refunding 4sr^,:,iIlV,
;
40-ypar
L
107
—1951
_
109
Commonwealth Edison Co—
mtge
{fit gold 4s
106%
3
'115
--
2
—-r
109 % 110
•
•1st
Illinois Bell Telep 2%s series A.—1981
Illinois Central RR—
<■
..
16
28
100%
.1950
lAInternat Hydro El deb 6s^
1944
Internat Paper 5s series A & B_—1947
Ref sink fund 6s series A.
,..4.1958
m—
mm
92 V*
105%
102
J -J
96 y4
104 106%
106
117
105% 107%
107
11
78%
80
51
78%
98
38
39
28
38
54%
73%
20
73%
237
93%
107
107
73%
3-J
•—
3-J
99% 101
A-O
100%
J-J
101 y4
101
103 J/4
76
74%
101%
M-S
3-J
103 y4
James Frankl & Clear 1st 4s._
J-D
100%
m-n
92
7
103%
99
100% 101%
15
103% 104%
7
101
103%
105 Va
2
•*.
102% 103
Int Rys Cent Amer 1st 5s B
.1972
Xnt Telep & Teleg deb gold 4%s_._ 1952
92
101
108%
100
103
100%
104 y4
107%
Co—
Y, Lack & Western div
1st
&
ref M
Income
Morris
&
5s
C
ser
Essex
Power
M-N
1993
M-N
100% 100%
1
99% 104
57%
571/2
57%
8
57
67%
66
66
661/2
55
65
73%
109
110%
division
Coll tr 4-6s
Delaware
1973
mtge due
&
1959
Jones A Laugblin Steel 3%6,,, .;,, .,1981
May 12042
Light 3s
A-0
1973
*108%
—
—
J-J
Kanawha
ft Mich 1st gtd gold 4S..1990
A-O
consol
§AConsol
4s.
.1936
J-J
1936
gold -4 Vis
J-3
65%
65%
*—
67%
42
611/4
77
79%
631/2
80
F-A
16%
15%
16%
102
121/2
291/4
City Fort Scott & Mem Ry—
JARefunding gtd 4s
—-1936
ACertiflcates of deposit.
A-O
s
F-A
i 5s
16 Va
151/4
16'A
267
12 '/a
291/4
1955
A Assented
A Ref &
impt 58 series B
A-O
1978
*-
—
Gen
Edison 4s
series
F
1965
& ret
Gen &
mtge 3Vis series G
ref 3s series H
A-0
1968
M-S
1970
3-D
Detroit & Mackinac 1st lien gold 4s 1995
A Second gold 4s
1995
107% 107%
108% 109-
109
J-D
115%
M-S
98%
A-O
106%
J-3
41
J.J
106
East Tenn Va & Ga Div 1st 5s
1956
Ed El 111 (NY) 1st cons gold 5s—1995
M-N
Electric Auto-Lite 2Vis debs
3-D
1950
Elgin Joliet & East Ry 3%s
For
footnotes
see
page
•
J -J
41
v
155
•
1970
M-a
*105% 106'%
103
105
A-O
*105
J-J
*120%
3%s—-1997
.1997
J-D
6
107%
5
114
15
98
«...
-
102
67
2%s—.1974
1987
Kentucky ft Ind Term 4%s
1961
Stamped
;
.1961
Plain
-——
—1961
4%s
unguaranteed
1961
Kings County El L & P 6s
1997
Koppers Co 1st mtge 3s
—1964
tAKreuger ft Toll 5s ctfs
—1959
14
155
104% 105
Kentucky Central gold 4s
20
102
83 %
107 y4
Kansas City Terminal Ry
8 55
—
105
77 V2
105%
109
,43
*120%
T-o
A-O
105%
41
•
110%
75
52
120%
98'/2
107%
54
—-
85%
6
17
109
105% 106
'
lst 3S...1950
1975
79
77%
106%
45%
106% 107
Elansas City Southern Ry
1st mtge 4s ser A
29
106% 106%
-106%
63%
98%
76
*71
J-3
104%
—
J-3
*io8y8
*io6y8
A-O
182
*105% 105%
108%
188
—
J-J
A-O
72
108%
—
*111%
122
65%
72%
J-3
107%
122
106
*182
104% 107
5%
4%
12
4%
107% 108%
25
107%
115%
107
115 y4
4%
m-s
—
200
104% 106%
1201% 122 y4
1
155
157
"-//I
102
102%
105%
106%
Lake Sh ft Mich Sou gold
'
301.
105y4
107% 107%
—
79%
5
70
1151% 1151/s
98i%
'58
.
79
77%
79%
16
*53%
...
M-N
•
109 y4 109 y4
*67%
J-D
Detroit
Term & Tunnel 4Vis
1961
Det Tol & Ironton RR 2%s ser B__1976
Dul Miss & Iron Range Ry 3Vis—1962
JSADU Sou Shore & Atl gold 5s
1937
rmoueime T.ltrht 1«t M
10#w
109%
-
67%
.
Detroit
*108%
Kansas
JDenver & Rio Grande Western RR—
AGeneral
102%
K
{Denver & Rio Grande RR—
(A 1st
98
103%
3%s
registered
J-D
107%
*—
108
V
THE COMMERCIAL & FINANCIAL CHRONICLE
Monday, July 15, 1946)
NEW YORK BOND RECORD
"
RANGE FOB WEEK ENDING JULY 12
York
Stock
Interest
Exchange
Last
Period
New
BONDS
Week's Range
Friday
BONDS
Sale Price
or
Low
Sold
mtge income reg
Lehigh Coal & Navigation Co.—
S F mtge 3 Vis ser A
ANon-conv
77 %
66
1975
104 Vs
107%
1st & ref sink fund 5s.
stamped
4s
-
3 Vis
80
51%
48%
2003
1958
55
78
1956
55
58 Vi
1956
55
75
1948
65 Va
83
1940
84
93
1957
34%
50 Vi
62%
81
111
6s
deb
4s
1954
54 %
1,
69.
>62%
SA2d
94 Va
83 Va
132
1951
117%
120 ye
107
107%
106
„f 107%
* 107%
mo
106
106% 106%
15%
& W 1st
ref 58
58
1937
26
1943
96
1946
100% 103%
105%
105 Va 105%
104%
107%
111%
111
110'/a
113%
Northern Pacific Ry prior lien 4s_1997
1st & ret M 3%s series P
1st & ref M 2%s ser G
2003
St Louis Div 2d gold 3s
1680
*104
Atl Knox & Cine Div 4s
1955
*__
111%
101% 102%
101 Va
100
105
102%
registered
119
131%
87%
96
(Chic)
87%
96
2047
2047
1975
107%
105%
gold
Ref
&
Michigan Cons Gas
*100%
1st
1979
107%
112
105% 105%
103%
106%
112
107
102%
105%
1975
104%
104% 104%
102%
106%
1964
107
107
106%
108%
109 Vs
1974
*103
107
*22%
1974
107% 108 %
1975
103% 103%
105% 106
1st
*111% 112 %
1940
108% 109
105%
lOgdenaburg & Lake Champlain Ry—
A 1st guaranteed 4s
1948
107%
*__
mtge 3%s_1969
108%
Ohio Edison 1st mtge 3s
—
1952
ISAMidland of N J 1st ext 5s
108%
28%
1981
impt 4%s series C__
105
103%
23 %
23%
Michigan Central—
1st
94%
90%
110
106% 108%
108% 109%
108%
101%
*22%
Sag 3Vis
3%s
122%
84%
82
75
102 Va 102 Va
107
4S..1938
Jack Lans ft
113 Va
89%
86Va
States Power Co—
1st mtge 2%s
1st mtge 2%s
(Wise) 1st mtge 3 Vis
102%
96
75
*63% 100
Metropolitan Edison 1st mtge 2%s-1974
Metrop Wat 8ew & Drain 5%s
1950
El
101
*103
116
86%
107
89%
82
88
127%
88%
(Minn)
4%s ser A
1960
1st mtge & coll 4s ser Bi—.—1954
Manati Sugar 4s sink fund__Feb 11957
AManila RR (Southern Lines) 4s
1959
115 Va
*113
Coll
Maine Central RR
133%
117
2047
2047
Northern
143%
117
Jan 2047
4Vis
143
138%
Ref & imot 4Vis series A
Ref ft'impt 5s series C
Ref ft lmpt 5s series D
trust
71
54
135%
1997
Gen lien ry ft Id gold 3s
3s registered
106
116
117"%
4s
49
109%
108
1
1966
Louisville Gas & EJec 3 Vis
Louisville A Nashville RR—
118'/a
42
32%
100
32%
1966
V
75
39%
2003
105 Va 105%
118% 120
104 Va 106%
*118
.1963
;
104 Vi
A Gen mtge 5s conv inc
2014
Norfolk & Western Ry 1st
gold 4S.1996
North Central gen ft ref 5s
1974
Gen ft ref 4Vis series A.
1974
■'*}*•
1951
107%
108%
105
1940
Norfolk Southern Ry Co—
1st mtge 4Vis series A
'•
deb 5s
106%
84Vi " 90%
102%
1937
gold 5s
ATerminal 1st gold 5s
IIAN Y West & Bost 1st 4Vis
Niagara Falls Power 3Vis
1962
106% 106%
26%
9 Va
gold 4Vis
IA General
136 Va
106%
21%
>.1955
73%
1965
1949
108 Va
June 1992
4s
N Y Power & Light 1st
mtge 2%s„1975
N Y & Putnam 1st cons
gtd 4s
1993
N Y Queens El Lt ft Pow 3Vis
1966
N Y Steam Corp 1st 3 Vis
1963
60
"-
62%
„
4s
|AN Y Ont & West ref 4s
65,
52
1949
75
75 Va
4s
1st
96%
2003
'
77%
55 Vi
4s
certificates 3 Vis
87%
88Va-
2003
Long Island unified 4s
Guaranteed ref gold 4s
4a
stamped - '
j
; '
Side
High
Low
deb
If AN Y Susq
IfAMet West
January 1
deb
A General
modified
debentures
Range 81nce
4Vis series of 1927
1987
IA Harlem River & Port Chester—
Lehigh Valley Termlual Ry ext 5S.198&
3s
Sold
55 Va
A 1st ft ref
1950
—.
*(P) Co
Bonds
57 %
1954
A Debenture
—1954
Lex & Eastern 1st 60-yr 5s
gtd
Liggett ft Myers Tobacco 5s
Little Miami gen 4s series A
Lorlllard
\
No.
1947
3%s
IA Collateral trust 6s
2003
:• 4 Vi s
registered
5s Stamped mnriifiad
deb
deb
AConv
1964
modified
stamped
High
ANon-conv
iQftA'
,
registered
*■; 4Vis
Friday's
1947
A Debenture
1st A ref sink fund 5s.—..
1974
8s stamped—-.—.——1974
4s
or
Bid & Asked
ANon-conv
1954
Leh Val Harbor Term gtd 5s
Lehigh Valley N Y 4Vis ext
Lehigh Valley RR—
4s
ANon-conv
108
1954
stamped.,
....
deb
ANon-conv
1970
1st & ref sink fund 5s
-■
Last
Sale Prlee
Low
Lehigh Valley Coal Co—
*
Week's Range
Friday
Interest
Exchange
IN Y New Haven & Hartford RR—
A 1st
■•''v/fifl' fitawipflri
Stock
Period
Lautaru Nitrate Co Ltd—
5s
York
High
Low
No.
High
New
Range Since
January 1
Bonds
Friday's
Bid & Asked
73%
2%s
mtge.
Oklahoma Gas & Electric 2%s
73%
1973
24%
*102% 103%
Oregon-Washington RR 3s ser A—1968
105% 106%
105%
Minn St Paul & Sault Ste. Marie—
A 1st
mtge 4Vis lnc ser A
Jan 1971
AGen mtge 4s inc ser A
Mo Kansas & Texas 1st 4s
Jan 1991
1990
Missouri-Kansas-Texas RR—
;
Prior lien
5s
series A
1959
40-year 4s series B
Prior
lien
4%s
Pacific
1963
series
D
j ACum adjust 5s series A
ft
ref
A 1st
a
series F
5s
series
A?
series
106 %
107 V*
109%
110%
ret M 3s series L
—1974
107%
HO Mi
91%
91%
102%
106
1968
ref mtge 3s ser N
& Tel 2%s debs
s
100
103%
66
77
89 V*
71
83%
—1958
*109%
B__
105
105 /
105 %
103%
*106
110
*__
111
110%
England RR gtd 5s
gtd 4s
JANew
1943
100% 101
99%
105 Va
97%
103%
A Consol
1945
New England Tel ft Tel 5s
1st gtd 4Vis series B_.
Junction
.1952
gtd 1st 4s
New Jersey P & L 1st
mtge 3s
110% 111-
127
127
127
110'A
126 Vs 126%
127 % 127 %
Orleans Great Nor 5s a
N O & N E 1st ref ft
1983
imp 4%s
105%
1952
gtd 4s
5s
series
B
Certificates
109%
5s
General
gold 4%s series C
Co coll tr 4%s__
105%
108
108%
107% 111%
2
A 1st
5s
series
A 1st
4Vis
series
ACertificates
104% 105 Va
195Q
of
92%
106
96
106
5
94%
108
11
94%
89%
104
106
1958
103
109
102 Vs 103
of
deposit
A 1st 5Vas series
A——^.^1954
77
ACertificates of deposit
•
,*
106
94%
17
95%
95% £09 %
1
*
.
N Y
Central
RR 4s^ series
96% 107
A———1908
91%
Ref
&
impt 4%s series A
2013
Ref
92%
ft
imut
2013
99%
N Y
i
,
•
Cent
3Vis
5s
ft Hud
series
River
C
3Vis
Y.Connecting RR
Dock
1st. gold
1998
92
'
—
...1998
*
—
i
For
footnotes
see
1965
.1966
'
2000
—
„
1
105%
3
*100 -
—.
*115
115
'
92%
100
100
115
93*
100
'4
-
;
r
f 100%
•
Pitts
1st
1st
.
f
Pitts
I
i«.
1st
1st
t
;
105
104%
105% 107 -
107
104%
107
.
109% 111%
100
107%
113.118%;
115% 115%
115:
119%
f
I
)
;
-
Potomac
El
Pwr
18
19
1977
1st
..
117%
122
*128%
:f
44; 1st & ref mtge 3s——
90
>96-
1st ft
ref mtge
5
97%
103%
1st ft
ref mtge 8s
5s
;
.ii
126%, 135
133
138%
137 Vs 137 Vs
134%
142
106% 106%
\
105% 109
—
104 VA
103%
104%
104% 104%
104% 104'A
104%
100%
104%
•104%-.
*102%
10?
'-.I* - '
:
"102% 102%
101% 102Vi
■
104%
•
M27
.
118%'
..
■
.1956; 4;
...1968, ^
.
*100%
;
—
—
—
106
105%
103 V»
102%
98%
98%
98%
102%
•
-
104%
105%
127
127
127
127
.-
.103%
103
104
102%
•
—
l964^-
.1972
2037
2037
123
134%
—
*133%
106%
i • ^
-1977 !
—1967
.
.
:?ii*131Vs 1344
--
122%
120 %
127%
*120
;
1966 '
3 Vis
M
4.41st mortgage 3V»s
gAProvldence Securities 4s
IA Providence Terminal 4s—
Public Service El ft Gas 3%s
4
..
26
21
105%
105% 106%
—
*121
.
lnc deh.-.-.
135
*103% 104%
4%* series B—....——1950 r
ft W Va 1st 4%s series A
1958
mtge 4%s series B
—-1959
mtge 4%s series O.—1960
Young & Ash 1st 4s ser A—1948.
gen 5s series B
——-1962^
gen 5s series C—
1974
jPlttston Ca 5%
142%
104 Vs
•
102%
102%
•
*110
3 %s_1964
»st 4Vi8 series D
83
105VS 108%
104'A 108
*105%
1st mtge
!
101% 106 y«
:8
13
' 105%
f
94
107%
104 Va 105%
131
debs—..1964
Pittsburgh Consolidation Coal—
3%s debentures
———^-1965.4,Pitts Steel 1st mtge 4%s
-1950
93%
'
4100
26
- 110% 110%
.108% 108%
-
104% 106%
103%
Plttsb Coke & Chem lit mtge
I
111%
107%
17 Vs
Pittsburgh Cine Chi ft J3t Louis— 3eries E 3%s gtd gold..
—1949
BerlJS F 4s guaranteed gold—.1953
Series G 4s guaranteed
1957
Series H cons guaranteed 4s.—.1960
Series I cons 4 % s—————1963
Series 'J cons guaranteed 4%s__1964 , 4
Gen mtge 5s series A—
1970
Gen mtge 5s series B,
--1975
Qen mtge:3%s ser E
■ ■
*975.
I
135%
106
137
135
19
7
•'
125%
104%
104% 104%
:i,
t
125%
105% 105%
_
*
104 v: 106
1
102% 103
■
97%
82 Vs
■.
100
—
.
2043
.1973
1973
-
95
*86
••
T102% 103%
"5
—
—
301,
87
4
15
102%
2043
page
87
'
-
>.>103% 103%
—
—
Mtge 4s series A
15
89
104% 105%
100% 100%
103%
1948
Mtge 48 series B
N Y Lack ft West 4s series A.
4%s series B
92
92
86%
i:
1980
^...1949
Purchase money void 4s_
NY ft Harlem gold 3%s
-
99%
90%
98%
97 Vs 102%
101% 114 Ve
98 Vs 109%
89 M 100
37
.
1951
.
*89
*83%
.
..
2%s. ser. B—.1975
48
N Y Edison 3%s series D
;
1st lien ft ret 3%s series E—
N Y Gas El Lt H ft Pow geld k8
■
183
100
.f• ■:. 1st mtge 3s-ser F—j^....l986
Y
89%
211
*98
1998
New York Chicago ft Rt Louis—
Ref mtge 3%s ser E
:
N
93%
102%
1903
„
323
99% 100%
102
1997
Lake Shore coll gold 3Vis
3 Vi s registered-...i.
N
92%
92%
1997
registered
Mich Cent coll gold 3 %s____
7
3Vis registered
:
91%
128%
139%
135%
132 Vs
107% 108%
106% 106%
deposit-———--
Phillips Petroleum 2%s
90
92%
21
106% 106%
deposit
D
4
84%
105 Vs
*—
C
ACertificates
83
of
131%
122 Vi
51
142
135
107%
1961
Phila Electric "1st & ref 2%s—..1971
1st & ref M 2%s.
.—1967
1st and ref 3%s—.....
,,..—1974
IJAPhilippine Ry 1st s t 4s
—1937
107%
109% 109%
deposit
141
—1974
1977
B
series
General
Philadelphia
ACertificat.es
1954
„—
of
3%a ser D—1980
Phila Bait & Wash 1st gold 4s—.
•
Pere Marquette Ry
114%
126
106
104% 104%
104%
105%
84%
*106
4s_
AIncome
110
.
A
Peoria & Pekin Union Ry 5Vis..—1974
107%
INew Orleans Texas ft Mexico Ry—
{ANoa-cum lnc 5s series A
.1938
-7
^Certificates of deposit
A 1st
Apr 1990
55
' "II
*108
1953
104% 104'A
86
118
*109
104% 105 Va
105 Vs
51
ext
105% 106
II
106% 107 %
85
& Eastern 4s
118
1974
132% 132%
1960
Peoria
125% 127%
|
1986
New
1st
98%
110%
1961
RR
New Orleans Term
98%
V2 124 Vs
—.1947
110%
cons
126%
123
132 %
—1985
Peoples Gas L & C ref 5s
106%
107%
1948
Gas
105
126
123%
107
104Y4 107 Vi
104
104% 107
104% 106%
105
126
1981
3%s ser F...
125%
113%
102% 103%
1968
Gen mtge
105%
5s
Newark Consol
N J
105
103%
107
111
111V4
Gen mtge 4%s series E.—
1984
Conv deb 3VtS
—.—1952
104%
107%
111
lll'/s 114
1952
104% 104%
series
104%
109%
—
106 Vs 1067/s
5s
111%
>111
107 V4
107
107
*107
I960-
ctfs
General 4%s series D.
104
105 % 105%
f gold 4 Vis..—1955
debentures
f
s
General
104
109 Vs
109
Pennsylvania RR—
Conso! gold 4s——.—1848 .4
; 4s sterl stpd dollar
May 11948 f
Cons sinking fund' 4%S——.1960
General 4%s series A—
1965'*
Mutual Fuel Gas 1st gtd 6s.—1847
National Dairy Products 2%s
debs.1970
National Steel 1st mtge 3s
1865
fANaugatuck RR 1st gold 4s
1954
*109% 110%
105%
1965
3s
74%
1955
110 Vs
1988
Pennsylvania Glass Sand 3Vis
.I960
Pennsylvania Power & Light Co.—
1st mtge 3s
1975
103
102%
109% 109%
Pennsylvania Co—
106%
1958
109%
1977
i
Pennsylvania-Central Airlines—
3 Vis conv lnc debs
94
2000
1966
Tel
Gtd 4s series E trust
87%
1951
B
&
I
Paterson & Passaic G A E cons 58.1949
46%
103
1991
series A
Constr M 4%r
36
—1981
Tramways 5s ext
Morrell (John) & Co 3s debs
Morris ft Essex 1st gtd 3VaS
•
108 Vs
109*
Paducah & 111 1st
1980
series i
Montreal
r,
108%
108
109
Pacific
103
1949
Moh'k & Malone 1st gtd gold 4s
Monongahela Ry 3%s series B
Constr M 5s
92
1978
ft ref gold 5s series H
1st ft ref 5s
108% 1087/s
1970
1st &
64%
91% 103
—1977
G
gold 5%s
Co—
1st & ref M 3s series M..——1979
102%
45%
...1978
A 1st
AConv
93
tony
,
4s
& ref 5s
Electric
1971
1st
A 1st ft ref 5s series a__„
A 1st
&
1st & ?ef M 3s series K_;
Jan 1967
IMlssourl Pacific RR Co—
A General
Gas
1st & ref mtge 3Vis series
1st & ref mtge 3s series J
1978
127
301
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4507
(Volume 164
./ *•.
.
'ft; ".AVu-i.*1
\V.vVk4."
•••
-I.-:
-.-••I--
I••
.
•.
.....
••
..
■;
•.
.
•."WX-Vv tfi-.v?-=.s
? '
NEW YORK BOND RECORD
RANGE FOR WEEK ENDING JULY 12
Interest
Last
Period
Exchange
Stock
Week's Range
or Friday's
Bid & Asked
Low
High
Friday
BONDS
York
New
Sale Price
Low
20
New
York
103
105%
R
Revere Copper & Brass 3%s—
Reading Co 1st & ref 3% a ser D—1995
1960
M-N
tIARio Grande West 1st gold 48.-1939
A 1st cons ft. coll trust 4s A
-1949
3s
J-J
Rochester
48
"1023/4 1031/2
•—
debentures.——.
.
ser
B—
1970
A-O
ser
C__
1990
A-O
_2000
88
72
Texas & Pacific 1st
125%
Gen mtge 3%s series
1967
1969
1934
1949
1941
US
*108 %•
108% 108%
MS
*1091/4 110%
&
108%
ref
gold 5s_;
3%s
M
109%
125
105%
104% 105%;
105
105
105
5
J-J
101%
101% 104
34
AAdJ income 5s...>..Lw..t.-..:J4n 1960
■•.'■v-.v-/;
Trenton Gas ft Elec
24
Tri-Continental Corp
*109%
Jf-B
1st gold 5s—1940
104
88 y»
82%
105%,
51%
1
73%*
105%
102 %
65
73%
J-D
20%
74%
105% 105%
<
A-O
Tol ft Ohio Cent ref ft impt 3%s..l960
74
19%
20
:
J-D
1960
99»/2 101
,1421/* 152%
102% 106
118;
/
145
; ,v
Orl-3%8—1974
101% 104!
79
100% 101
*140
J-J
1985
i
Third Ave Ry 1st ref 4s
18
*
...
100%
105'/a 108
18
•
56%
19
20
J-J
H
14
E
ser
"Texas Pacific-MisBourip—
'
58
103
102% 104
J-D
125%
--
*17
106 %
M 3 Vis
ref
Pac Tenn RR of New
56%
105%
Af-N
106% 106%
& ref M 3%s
U-S
-
109
103
&
1967
563/4
106
2
1st
M-S
MS
137%
23
103
lst
1977
I
Gen mtge 3%s series J
SI AR I Ark ft Louis 1st 4%s
J A Rut-Canadian 4s stpd—!
SIARutland RR 4%s stamped.
129%
106% 107 %
103
& New Orleans RR~
Gen
*125%
3
107
A-O
104%
mtge 4%s series D
Gen mtge 3%s series H—,
Gen
131 % 131%
A-O
1988
Corp 3s deb
Texas
High
J-J
II51/2
10
Low
1959
2%S series D
1021/2
75
Range Since
January 1
Sold
No.
High
2019
1985
4s ser C
& imp M
107
114
75
75
A-O
105%
100%
Elec Corp—
ft
Gas
1021/4
Bonds
Friday's
or
Bid & Asked
Terminal RR Assn of St Louis—
Ret & imp
102
Last
Sale Price
LOW
Ref
102
Exchange
High
Texas
M-N
Stock
Interest
Period
Range Since
January 1
Week's Kongo
Friday
BONDS
.
Bonds
Sold
No.
104%
104
J-J
.1964
Quaker Oats 2%s deb.
&J&ty;
103
,110-v. 110
—
-
103
102 ya
32
102 y8102 y«
2%s debs—1961
MS
1971
jr-N
110%
..1975
A-O
104%
5s—. ..1945
A-O
*—
..1967
J-J
103% 103%
~2<
—1970
J-D
104 ye 104%
I,
103
104%
102% 105%
2f'
102% 104%
U
Saguenay Power 3s ser A__
1971
Af-S
Bt
1947
.105% 1061/a
J-J
Jos ft Grand Island 1st 4s.
Bt Lawr ft Adlr 1st
—1996
J-J
1950
J-J
6s—
Bt L Rocky Mt ft P 5s Btpd.
S8t Louis San Francisco Ry
lien
4s
A Certificates
of
of
98
100%
T-j
—1950
deposit-
102%
73%
55 %
1
55i/4
73
2%s
60
71
58%
78%
Ref
58%
406
41%
52%
U S
44
9
40%
52%
Universal Pictures
*113
U-N
112%
5
93
86
5
J-J
91
91
92%
18
56
71
771/2
tSeaboard Air Line Ry—
§A4s stamped
1950
ACtfs of
ACtfs of
series A
Line
75%
76
60%
69
80%
75%
6
69
81%
76 %
18
69
81%
105
*105
101%
—
107
110
Co—
mtge 4s ser A wi
100%
176
99%
79 %
79
82%
163
79
93%
18 %
—
18 Vb
18%
16
18 Va
25%
F-A
1935
Af-N
Shell Union
A-O
100% 100%
debs
1971
tlASilesian-A»n Corp coll tr 7b
Oil 2%s debs
1941
1965
1963
102%
102% 102%
J-J
Bouth ft Nor Ala RR gtd 5s
Southern Bell Tel & Tel Co—
100 % 101
A-O
3s debentures
2%s debentures
Southern Indiana Ry 1st mtge
80
102
105
—
129
129
4
109
112%
12
104
108
111
1979
J-J
111
111
F-A
105%
105% 106%
110%
2
114%
104
108%
1994
J-J
110 %
110% 110%
1st 4%s (Oregon Lines) A
Gold 4%s
1977
2969
Af-S
106%
106% 107
Af-N
105%
105% 106%
105
102
106%
Gold 4%s
San Fran Term 1st 4s
Southern Pacific RR Co—
1981
Af-N
109 %
109% HOVa
130
104%
110%
A-O
106 %
106% 106%
Boutnern Pacific Co—
-
1st
mtge 27/8s
.
ser
1950
E
1986
1st
Devel
93% *
96%
96%
*■'. 47
96%
J-J
1958
A-O
A-O
108
J
56
314
107% 108 'A
■
97
132% 145
104%
109
116
123%
A-O
125%
125
126
30
120%
128
1998
J-J
128
128
128
8
126%
J-J
6
107%
109%
77
103
107%
4
105
107 %
108% 108%
Southwestern Bell Tel 2%s debs
1985
Southwestern Public Service 3%s—1974
U-N
107% 107%
ASpokane lnternat 1st gold 4%s—2013
Apr
*51
Stand Oil of Calif 2%s
.1966
F-A
105% 105%
Sunray Oil Corp 3% debs
Superior Oil 3'as debs
1959
J-D
*105% 106
1956
U-N
*105%
Bwlft ft Co 2%s debs
1981
Af-N
debs
Will 18118111 WW lllll
A-O
105%
105% 106
105
54
51
— —
67%
104%
24
107%
107%
105
——
104%
5
106%
104
—
105
103%
105
99%
101%
8
102%
104 %
101% 101%
Jf-S
103% 104
A—1958
F-A
105%
—
111
111
1
U-N
—
1H
H8
—.
V
Cons s f 4s series B
Af-S
J-J
1958
A-O
5s
cons
1995
Virginian Ry 3s ser B
1X5
1M!/
mRu.
24
103% 106%^
—
—
103 /2 10*.
--
~r
104% 105
105
Af-S
H5
o/.
1957
Virginia Electric & Power Co—
1st & ref mtge 2%s ser E
1975
Va Iron Coal & Coke 1st gold 5s._1949
Va & Southwest 1st gtd 5s
2003
—
*100
*121
-
*113
113%
--
109
109 %
41
99
95
105
100
96
105%
40
—
.
109%
Af-N
,
Jife;
109
»
106 A 113
W
WftAGen mtge°4s
Apr
Apr
F-A
inc ser A
Jan 1981
AGen mtge inc 4y4s ser B—Jan 1991
1st mtge 3%s ser B
1971
Ward Baking Co 5J/2S debs
(subordinated)
1970
Warren RR 1st ref gtd gold 3%s..2000
Washington Central Ry 1st 4s
1948
Washington Terminal 2%s ser A—1970
Westchester Ltg 5s stpd gtd
1950
Gen mtge 3%s_
1967
--
95
105
Q-M
101A
—
F-A
J-D
J-D
....
59% wn
102 /a 1/4
—
—
J-J
1966
~Z
1151/41171/4
2
2
lib /4 1 /*
105/a .10//a
109^% 110 k
111
112
105
U-N
--
2361
J-J
87
J-J
M-S
84%
1992
M-S
Wheeling Steel 3V*, series C
Wilson & Co 1st mortgage 3s.
1970
1958
Af-S
A-O
Winston-Salem S B
1980
1949
—
Gen & ref M 2%s series
A
1st 4s
JAWisconsin Central 1st 4s..,
A Certificates
of
—
*120
J-J
deposit.!.
85%
•>--
46
—
—
J-J
1971
—
--
—
106
a
Deferred delivery
,
\.
J3
103/4 104
--
51
1^3
—
85%
-r-, j,
46 A,
,.
105^4-
103
%
117% US ^
7
—
84%
—
Af-N
86
94 A
81
91
108/a 109%
-
102%
106% 106 A
105
108*
101% 103%
-
56
105
+
Hi
^
46
w—
—
—
J-J
fASu ft Du div ft term 1st 4s—1936
ACertificates of deposits
Wisconsin Publio Service 3%s..
*102J/e 102%
87
88
84
85
*107% -
106%
116%
ll?%r
41^
;
106
niv
;
104
104
itl
2361
1949
West Shore
1
15
MS
1951
Westinghouse El & Mfg 2y8s
1st 4s guaranteed
Registered
Wheeling & Lake Erie RR 4s
111%
105%
nrdUU««Stl-1950
3oIyear
^
iol%
"*^6% 100%-
109%
May
Pacific 4%s
Western
--
.,A-0
1st 4s
1952
inc ser A—2014
Western Maryland
110i/_
106
8
3
--
106%"
infi
102/a lUb/e
n
115% 115 /4
105%105%_
115%
105%
102%
42
107% 107%
60
60
107%
60
A-O
F-A
92% 102
if
in_,.
,
135%
1951
1958
gold 5s
gold 4s_
St Louis Div 1st
103%
Af-N
93%
96
U
27
122
102%
92
74
121
107
97%
11
132% 133%
J-J
1958
6s
gen 6%s.
Mem Div 1st
98
92
92
1961
gen
ft
97%
J-J
1994
Bouthern Ry 1st cons gold 5s
Devel ft gen 4s series A_
105
4
97%
1996
mtge 23/4S series F
1st mtge 2%s ser G
Devel ft
J-J
85
107%:
99%
22
—1959
West Penn Power 3%s series I
71
*128
987/a
103% 103%
64
101
10
71
1985
.
101%
108
99%
128
100%
F-A
Bkelly
105
63
105% 105 %
42
—1976
3%s debs
61
54
1
*105
us
103%
61%
55
75
1966
A-O
-99%
99
125%
60%
75
US
Seagram (Joseph E) ft Sons 3%s_1965
•*
129 %
59
*56%
—
*56%' 58
1933
Gen mtge 4%s ser A wi
tASeaboard All Fla 6s A ctfs
Oil 2%s
127%
120
53
—
*56%
A-O
1948
RR
1-32%
118
„
*120
dep (Guaranty Trust)—
dep (Chemical Bank)—
Air
106%
122
123
*120
HAAtl & Birm 1st gtd 4s_
A Certificates of deposit
1st
*120
A-O
dep (stamped)
dep (unstamped)
105% 106 %
99 %
debs
debs
Vandalla RR cons g 4s series
1st
lARefunding 4s
1959
ACtfs of dep (N Y Trust)
ACtfs of dep (Chemical Bank)
Seaboard
126
U-N
—1989
631/2
105%
—
114%
54%
129%
*106%
A-O
102% 103
105%
93
105
114%
54%
54%
F-A
10231'
F-A
100
90%
*112
J-D
Rubber 2%s
J-J
Af-S
1947
34*
34
'30
120
86
Bcioto V ft N E 1st gtd 4s
2%s
Biscuit
6
45%
95
-
United
58%
43%
86
6s
5
104% 105 %
—1991
4s
debentures
mtge 2%s series C
109% 112%
:;10*//:407>*;
110% 110%
..1976
& land grant
1st
44%
95
cons
......
58%
44%
MS
86
A 1st
debentures
2%s
55%
J-J
of
Union Oil of Calif 3s debs
991/4
J-J
ACtfs
f§AUnion Elev Ry (Chic)
603
Nov 1989
ACtfs of
M
58%
59%
-
1978
certificates—1981
ctfs
1st
57%
IA 1st term ft unifying 5s—1952
AGen ft ref gold 5s series A
1990
Bt Paul ft Duluth 1st cons gold 48.1968
t§ASt P & K C Sh L gtd 4%s——1^41
Bt Paul Union Depot 3%s B.
1971
A 2d 4s inc bond
Electric Co of Mo '3%s
& coll tr 2%s
Union
55%
deposit stpd—
tSt Louis-Southwestern Ry—
bond
95
97%
—
„
55%
56%
A Certificates of
4s
102%
"l
971/2
*99
_
ACons M 4Vis series A—
1st
107
101
*103
deposit
APiror lien 5s series B
A Certificates
105%
Union Pacific RR—
A
ser
39
—
97%
A-O
2d gold
A Prior
*101
J-J
—1999
—1959
gold Ss
*05%
83%
35,
•
51
-- J
1
109% 109%
,
d Ex-interest,
e Odd-lot siale
sale not Included in the years range, rcasn
.
..
.
.
"J'
rio»ili10
10g i**"
:
sale not included In the year's range,
included in the year's range,
nUnder-the-rule
not included in the year's range,
y Ex-coupon.
90
wWBR
flIint*tfnn
n*r
not
saw
200-
§Negotiability .impaired by maturity.
tThe price represented is the dollar'dUOtatKin per ^uu
pound unit of bonds. Accrued interest payable at the exchange rate of $4.8484.
R„tfa_ m 0#
tCompanies reported as being in bankruptcy, receivership, or reorganized under Becuoo 1
»
the Bankruptcy Act, or securities assumed by such companies.
♦Friday's bid and asked prices; no sales being transacted during current veer.
ABonds selling flat.
II
NEW YORK CURB EXCHANGE
AND
WEEKLY
NOTICE—Cash
in
and
deferred
delivery sales
footnote in the week in which they occur.
a
YEARLY
RECORD
disregarded in the week's range unless they are the only transactions of the week, and when selling outside the regular
No account is taken of such sales in computing the range for the year.
are
weekly range ere show*
In the
following extensive list we furnish a complete record of the transactions on the New York Curb Exchange for the week beginning on Saturday
July 6 and ending the present Friday (July 12).
It is compiled from the daily reports of the Curb Exchange itself, and is intended to include every
security, whether stock or bond, in which any dealings have occurred during the current year.
RANGE FOR WEEK ENDING JULY
STOCKS
Friday
New York Curb Exchange
"Week's
„
Last
"
>
Sale Price
V'
•
ACF-Brill
Motors
Par
frump*- Vii r«r
Low
:
Vft
••••A' D F
■
8
300
19
200
25
26
5%
Aero Supply Mfg class
6%
6%
Low
:
7%
25
5%
1,400
Aluminum Co
Jun
July
5%
100
6%
22
30%
Jan
Jan
13%
Jan
17
17
Air Associates Inc. (N.J),
Air
5%
Convertible' preferred
Mfg Cnrp^
60c convertible preferred-..^
; Air-Way Electric; Appliance^..
/
c'v- 17%
17%
7%
Jan
900
5%
Feb
15
21
J an
5% Feb
500
>
Apr
23%
16% Jan
100
17%
Investors common
Feb
.
5% Feb
—
11
lO'/a
14%
11%
14%
14%
1,300
7%
7%
700
...
17%
10% July
14% Mar
10,400
22%
Jan
Jan
86%
common.
Goods
6%
Ltd
Central
Cities
% Jun
:
,
9% Jan
Convertible
Class
-
-
22%
-•
21%
100
Alabama < Great Southern
Alabama Power 4.20%
Alaska
Airlines
123
pfd___.
110
Inc!
;
Alles ft Fisher common
"110;
9%
9%
^,43%
"
Allied Int'l
Allied
Investing $3
Products
For
(Mich)
footnotes
see
conv
pfd
common
page
306.
110
■
10%
;
75
24.
110
9%
Jun
July
133% Jan
A......-...^-.-^.^..^..25
110% May
Cyanamid Co common
10
American ft Foreign Power warrants—
Jun
12.
200
12% Mar
16
40
Feb
48
Jan
-4%%
24
350
23
Jun
29
May
4%%
4,400
May
Jun
American
Fork
American
Gas
ft
ft
Hoe
common
Electric—-—
preferred.—.
pfd
called..—.
1,750
110% 111%
5-
4%
200'
700
5-
15%
700
17%
Li*
10
i...—100
100
——
121?/
.
4Va
14 V4
250
_
54%,
54%
50
54%
50%
250
9%
3,300
~-
8%
Feb
114% May
.
Apr
-
5% May
16
Mar
Jun
55%
2%
4,000
24%
43%
24-
25%
750
42%
44%
111
^
2%
111.
58%
4,400
55%
2»/4
Ill %
50% Jan
47 V2
7%
22%
-
Jan
Jan
47% Jan
1% Jan
Jan
Apr
S3 ^: vJun
11% Apr
•'
,
63% May
.
-
5%- Jan
Jun
49% Apr
29
.
350
109% Jun
r
Jun
65
...
6,700
109%
Apr
• V
*
21% Mar
x40% Feb
>
Feb
Jan
;206% May
26
J
-
Feb
25%
20V2 Jun
116% Jan
110
Mar
90% July
Jan
Apif r.
22% July
57
8%
American
14
m*;"
__5
195
110%
._25
Class
,
203
200
ft Light—
A.
63 Va
113
200
21%
1
Mfg
class
1,000
15
13% Mar..
5,200
22%
•
47
90%
115%,
21%
.^"-.w,......100
Power
115.
22%
American Beverage common......1
American Book Co
....100
American
>85%
High
Low
115%
•
common
preferred....,.,
Range Since January 1
High
100
.*
Mfg
Aluminum Industries common..
American
•
.; Alireon
Low
Shares
.
preferred
Aluminum
Aluminium
Ainsworth Mfg commons
for Week
of Prices
Altorfer Bros Co common
Apr
18% July
50
5%
11% Feb
Sales
Range
Last
Par
High
..
Week'a
Friday
Sale Frlce
Range Since January 1
High
18%
__1
t ^unmmnn^
STOCKS
New York Curb Exchange
Shares
•?%
t Acme Aluminum Alloys™.^..
•*
Sales
for Week
Range
of Prices
warrant*.
12
Jan
109% July
113
THE COMRKTRCXAE &
302
FINANCIAL CHRONICLE
Monday, July IS, 1946
NEW YORK CURB EXCHANGE
RANGE FOR WEEJt
.
Sale Pries
4% "i
4'/a
200
25%
27
450
43%
43%
44%
350
X26%
X26 %
27 ¥a
1,900
30%
31%
300
19%
19%
28%
Apr
18% May
3% Mar
100
41
46%
4&%
100
45%
47
/18%
20%
41% May
39
Apr
15% Jan
8%
8%
100
2%
2%
17,300
i>
r
6
10%
103/4
500
12
12
12 ¥4
400
173/4
"5%
53/4
42%
42 ¥2
'
fi Argus Inc
—
Arkansas Natural Gas
Common
class
A
100
1
-
173/4
25
Jun
7%
12%
Jun
16% July
173/4
21
dep rects reg...
13 ¥4
2,900
10%
10%
800
10% Mar
11
113% 114%
22%
22%
123/4
13
40
111%
Jun
700
19%
Jun
1,500
10% Mar
1,400
100
9
115%
1,400
«»«•-
Jan
2 ¥4
12% May
Apr
8
33/4
Feb
May
113/4
16 ¥4
Jan
Apr
78
Mar
~9%
8,300
8
Jan
13%
900
24
Jan
13%
400
13
9
Products
l
Machine
& Sons common
13 ¥2
_•
400
400
19 ¥2
—
26%
50
39
20 ¥2
1
20%
26%
5
25
393/4
200
Apr
8% Mar
18%
Feb
22 ¥2
Feb
28
26% Jan
41
17
25 ya
Jan
•;
Apr
May
B
51
1%
preferred..
30
54%
1,000
39% Feb
5 ;
American
$1.20
63
May
9%
9%
common—.0
23%
23%
—.1
9%
Brumrael
Ties.
(AS)
15%
Shoe
Corp
Convertible,
36%
12
Mar
Feb
25
1,000
19%
Feb
25
July
10
1,300
~6
-.100
198
"
^
X40%
•
Berkey 8t Gay Furniture
12
32
May
28
14
Jan
22
Apr
21% Jan
800
6
165
Jan
24
50
6%
X40%
40
9% Feb
May
270
May
39% Apr
33 % May
60
23
203
July
34%
Jan
40%
Jun
36% July
Jan
6
4% July
Jan
4%
4%
43%
7,100
19%
Jan
24% Jun
13 ¥2
13%
133/4
1,400
12
Apr
16%
Blauner's
39 ¥2
39
41 ¥a
125
30
Jan
49
5 ¥4
8,500
5
July
6%
Jan
450
55
Feb
56%
Jan
_X
common
•
Blue
Ridge Corp common
optional convertible preferred
Blumenthal (S) & Co
Bo hack
(H C) Co common...
1st preferred
5
X
03
•
33 ¥2
33 ¥2
34
900
25%
Jan
39%
61
61
65
300
45
Feb
703% May
137 ¥2 142
60
135
....•
137 ¥a
...100
25
Class
28 ¥4
100
21
Mar
31% Apr
23 ¥8
8,300
19
Jun
25 ¥4
253%
309
27¥a Jan
31% Feb
4%
43/4
1,700
43/4
21% Jan
4%
31
~9%
10
ti!01
1,200
31
Feb
common
20% May
24%
7%
Jan
31
125
25% Jan
3% Mar
14
15
1,500
30%
30%
—
14
—
.68
—
common
12%
...
30%
68
723/4
100 ¥a 100 ¥a
11%
13
100
2,900
10
1,600
9%
28
44
100
31
Textile
Copper
Range
Rights
Comxm
wi
Fire
5%
Croft
Cuban Tobacco
Curtis
600
37 ¥2 July
17
Apr
33
Jan
Jun
Jan
102% Feb
14%
88
88%
97
-
Jan
Jan
aa
8%
5
Jan
Jun
Jan
1,200
50
10%
10%
10%
1,000
95
883/4
95%
3,725
31
31
32
500
x3%
4
800
37%
38
500
133/4
143/4
44
12%
12%
1%
1%
1%
5,800
24%
y24%
106%
5
14
pfd
6%
82
Feb
De
Vilbiss
Co
118 ¥2
112
Apr
Apr
9% Jan
18% Mar
953/4 July
22
Jan
39
3% July
15%
16
200
7% Mar
Jun
Jun
4
Feb
Divco
Jun
12%
Jan
5 ¥2
1%
6
400
£1
3% May
~9~%
300
12%
2,600
i
•
i
19 % May
Jun
6% May
100
*
1,800
{
8% July
23
May
5
15
Jan
12% May
13% Jan
Corp
25
Vb Jan
33
Feb
26
Mar
44
July
11 ¥«
Apr
1 ¥2
July
y24% July
143/4
Feb
3 ¥4
Feb
26% July
1/64 July
53% July
100
Jan
July
7 ¥2
Jan
110-
Apr
36 ¥2
May
43
11
Jan
38
May
37%
4,700
9% Jun
-24% Mar
3 ¥4
5,800
2% Mar
4,500
13
14 ¥4
2,300
9%
1,700
22 ¥4
350
83/4
10 ¥a
5,200
30 ¥»
343/4
700'
83/4
.250
63/4
Jan
Jan
5¥a
Feb
Jan
213/4
Apr
Feb
23% May
7 ¥4 Mar
18 ¥4
Jan
6%
Jan
10% May
24
10
5
30 ¥4
32
32 ¥2
6,600
~93/4
-2.50
1
93%.
60
July
293/a
Jun
17
78
78
16 ¥4
163/4
Apr
Apr
36%
108
Feb
May
38% Jan
Feb
15% May
20
Feb
Jan
87
May
8% Jan
50
17
Jun
6¥a
13 ¥2
50
93%
Jun
36
105 ¥2 May
25
Mar
100
May
10%
27% July
3 ¥2 Jun
31
..26
25
50
500
14%
15
600
16%
July
l63/4 July
36 ¥4 May
16%
3 8 ¥4 Mar
16 ¥4
13
Jan
18
19
2,600
13 V®
165
18
165
10
145
Jan
Feb
1,000
11
Feb
23%
Jan
12 ¥4
123/4
35
12%
35
100
«...
——
20% Jan
5 ¥4
13 ¥2
24
24
600
5 ¥2
143/8
3,000
600
24 ¥4
Coal B
^1
Jan
17 ¥4
29%
July
Jun
200
213/4 May
24 ¥2
Feb
23
1,000
20 ¥2 Mar
283/a
Apr
17
800
Jun
22%
Apr
"5%
5 ¥2
6
11,300
18%
18 ¥e
19
2,300
15
53% Jan
8%
Feb
Jun
11% Mar
41 ¥4
May
38 ¥2
102
107
80
92
100
21¥a May
83
Jan
107
Mar
83%
96
July
Apr
Mar
65
Feb
98% Jan
110
May
9% Mar
12
54
105
Dunlop Rubber Co Ltd—
w
Am dep rets ord reg
£1
Hosiery class B common.—•
50
105
...
16
Durham
'8 ¥2
9
..,.1
■"
Duval Texas Sulphur
173/8
Jun
12 ¥4 Mar
1,300
'
Duro Test Corp common
28%
Jun
16%
_•
Jan
23% May
25%
.10
Jan
Feb
17% May
393/4 May
22 ¥2
913/4
11%
7 ¥4
Jan
Jan
21
hiju.;!'.
Driver Harris Co
Jun
Apr
25
21
—21
Ltd—*
..
35
213/4
25 ¥2
Corp
Draper
133/4 May
21 ¥2
83/4
17 ¥» July
——
& Chem- Co
Jun
Jun
May
4%
10 ¥2
1
1
Domestic Industries class A com
20 ¥a
21
180
31 ¥2 Mar
5%
13%
1
1
—-—10
5
1$
•
—1
—
25
Feb
173/4
173/4
17»% Apr
!
93/4
5,000
400
18
6%
Jun
Feb
24 ¥2 Mar
Jan
103/a Feb
14% Jan
20
Apr
21%
24%
3,800
15% Feb
25% May
21%
205%
223/4
2,400
13% May
E
I
22%
243% May
'
.
100
r3
1%
164% May
~3%
9,000
m»
36
38
150"
33
33
100
63
130
62 ¥4
62
¥4
120
121 ¥2
75
'.1
m
Jun
32 ¥4
33
300
22
23%
$,100
4%
July
20
Jan
52% Feb
Jan
17% Mar
Jan
13%
Jan
33
Jun
68
Apr
122
Jun
14%
Apr
363/4 Jun
51
Eastern Malleable Iron
Apr
23% July
6
79 ¥2
375
78 ¥4
80 ¥4
1,050
42 ¥2
50
43%
1,100
~4%
4
$7
9 7 ¥2
97
88
88
90 ¥2
52%
...
v...i.,...!
Electric Bond
& Share
$3.50 pfd formerly
>
37% Mar
8
Jan
1043/4 May
92
42 ¥2
May
Jan
5
Jan
Mar
104
Jun
-800
68
Mar
98 ¥2 May
SO
Apr
56% J&tt
51 ¥2
52%
1,200
14
13%
14 ¥4
2,000
40 ¥2
41
150
23%
23%
24
25,300
71%
$5.
$4.20 pfd. formerly $6_
Jan
Feb
3% May
41
'
common.
Jan
65
69
Eastern 8ugar
-
6
97 ¥2
500
99
$6
~
500
6¥a
io2ya 1033/4
42 ¥2
102%
'
21
—
preferred series A
*
preferred serierf B
—f,
Associates*— •
$5 preferred
Easy Washing Machine B
Economy Grocery Stores
Jun
38
117
—100
—100
prior preferred
preferred,
4% %
Eastern States Corp—
45
6
Cast Gas A Fuel Assoc common—*
Jan
Jan
34%
22%
164% May
32% Feb
11% Mar
32%
.10
.1
2%
30
36
33
Feb
17% May
I
I
•
8%
!
I
8% Feb
10% Jan
Jan
Jan
9 ¥2
47
25
19%
9
21%
Dobeckmun Co common
7
Apr
6%
Jan
34
383/4
18 ¥2
9%
reg—£1
common
—1
2
.
Jan
Jan
Jan
18 ¥4
dep rets ord
8%
4% Feb
3% Mar
12 3/s
71 ¥2
4%
16 ¥2
1
Class B
2,300
2,100
2,100
100
Jan
Feb
1,900
18%
•
common
9
Am
6%
306.
3
—20
preferred
1%
Devoe & Raynolds
2 ¥4
& Co class A.
page
36 ¥2
*
Detroit steel Products
83/4
•
& Co.
383/4
Jan
91
115
5%
18%
Detroit Mich Stove Co common.
2%
,
...
Corp of America..—...
5
3
—1
Alconoi—'
Products-
60
36%
1
•
1
5
Foundry—.—
Detroit Gray Iron
8%
g
Co common
1,400
Distillers Co Ltd—
l
Carolina P & L $5 pfd
Carter (J W) Co com...:
6,900
5%
*
Diana Stores Corp
10
—...
&
53/8
383%
—5
-
preferred..—
Jan
:
;
9,500
26
106 ¥2 107%
5%
Jan
24%
108
——100
July
6
%
49
12%
—
debenture—
30
6
Apr
44% Jan
16 ya Feb
42%
Detroit Gasket A Mfg
153/a
16
Feb
48
101
200
-
Dayton Rubber Mfg
Jun
May
26%
Jan
Feb
43
Davenport Hosiery Mills
16% Mar
Mar
12 ¥2
100
3%
22
88%
116% 117
—50
Lighting Inc common
50
Mar
Jan
50 ¥2 July
28% Jun
Cord reg)—£1
Curtis Mfg Co (Mo)
May
76% May
Jan
43
17»/4 Jan
3
May
1
Duke Power Co.
Corp
see
Jan
Jun
Apr
29%
common.
13
Class B
For footnotes
6%
4 ¥2
26
9
1
•
Crystal Oil Refining common..
$6 preferred.
Cuban Atlantic Sugary
5% preferred
900
S
(A M)
Apr
42
•
Crown Drug Co common.—
7 ^convertible- preferred.
600
%
CataJin
243%
24
Cork International A
Crown
25 ¥4
Capital City Products.
Castle
600
28%
Crowley Milner & Co
Cent Petrol (Md)_
30
Canadian Marconi*.
Casco
4s/8
4%
29%
Crown
14%
50c
A
Carnation
17 ¥2
36% July
3% Jan
*
Brewing .Co—
23 ¥4
Canadian Industries Ltd—
Carman
200
1
convertible preferred.
28
Qfrf
Insurance
preferred
59,300
•
5fl
American dep receipts
Creold Petroleum.,..,
2 ¥a
voting..
Class B non voting
1%
Apr
July
14
Courtaulds Ltd—
14%
Power
Industrial
A
37%
1,800
4,400
1,450
1,450
common
23 ¥4
12 %o
Co, Ltd.
Canada Cement Co Ltd common.
6 % % preferred
Class
300
1/64
14%
Bread
Canadian
Apr
25%
1,900
%
____
30
certificates
Tungsten
105
Jan
Jan
38%
1
& Reynolds
$6 preferred A
Cosden Petroleum
•
Cables. & Wireless—™
Camden
Jan
7%
7Va May
5
Coro Inc new common
2J50
Cable Electric Products common—50s
Canada
^0
4,800
21%
—106
Co.,
Dominion Tar
Electric
JUn
8%
1
Cornucopia Gold Mines
Dominion Steel A
California
50
Apr
48% July
100
Co
Domlnloil TextilO:
Caliite
Mar
4% Jan
Jan
8% Jan
41
—
American dep rets 5%
Calamba Sugar Estate
38
200
365/a
Consolidated Royalty OB——10
Consolidated Steel Corp—
——•
Jan
5% May
HV~enmmwi:.,. 1.
trust
v
1,000
993/4 100
loo
series B preferred.
preferred series C
Consolidated Gas Utilities
Dominion Bridge Co Ltd.
Voting
Feb
Mpx
37%
37%
100
•
—
4%%
Derby on & Ref Corp
Burry Biscuit Corp.
rp
Consol G E L P Bait
Jun
150
Burma Corp Am dep rets
Butler
9
7%
~73/8
Jun
15 % May
20
28
1,000
Jun
21%
32
49%
33%
21%
Jun
500
Sullivan
&
43%
155
Jun
27
III
Co.
23% Apr
63/8
Co common
Brack Silk Mills Ltd.
Hill
45%
450
Jun
July
May
6 ¥4
48 3%
28
class A conv—35
50c
Dejay Stores common.
Dennison Mfg. clasr A common
5
20%
(E L)
Bunker
Biscuit
Davidson Brothers Inc
6¥a
common
Buckeye Pipe Line
15
200
Jun
July
153A
14
1,500
0
preferred
$3
Jan
20%
prior preferred
Bruce
14%
24%
Jun
6¥a
Brown Forman Distillers,
$5
91"
133/a
...1
extended to 1946—
c
36
20%
preferred.
Brown Rubber Co
90
13%
~4%
25
JE1
Class B
A
1,525
%
Feb
-10s
reg
British Columbia Power class
Class
493%
.25
1
20%
JE1
reg
Brown Fence & Wire
49
41%
162
Feb
British Celanese Ltd—
Amer dep rets ord
300
4
184% May
Feb
12% Apr
243/4 Apr
7% Mar
33
1
T""
British American Tobacco—
Am dep recta ord bearer-
5%
Jun
20% Feb
»1
«
ord
Jan
21%
"~"l
„
common
rets
65
Jan
Jan
28%
A.
dep
150
—
v
Am
39
Mar
Jan
23
•
British American Oil Co
•
¥2
—
•
Lgt St Pwr.-
Aeronautical
Mfg Co
56
553/8
Bridgeport Gae Light Co.
Bridgeport Oil Co.
Brillo
5
May
555/a
Breeze Corp common
Brewster
19,100
Feb
•
Borne Scrymser Co
~Bourjois Inc
Brazilian Traction
25
.143% Mar
.
300
6%
15%
warrants
Crosley Motors Inc
x
Bickfords Inc common—...
1%
Jan
26%
Conn Gas & Coke Secur common.
Feb
Jan
203
24
•
8% Jan
17
4,600
500
31
6
201
100
300
25
37%
X
common
preferred/
24%
Birdsboro Steel F,dy & Mach Co com..*
■
11
14
.100
Continental Fdy A Machine Co
Cook Paint & Varnish Co
15
Jan
2,000
90
—25
Jan
Jan
140
200
13%
49%
;
—
Feb
July
Feb
13% Feb;
17%
6%
43/a
20
8%
Feb
140
70
155
Jan
26%
2,060
15%
1
42%
7,600
35
30
_i
common..
Bell Tel of Canada
Benson & Hedges
Apr
Jan
150
13
.7.50
Consol
10%
24%
___i
2.50
Aircraft
9%
24%
l
common
Beaunit Mills Inc
Beck
41%
14% Apr
2% Jan
110
•
Basic Refractories Inc
Bellanca
16
10
convertible A
£Bauman (L)
Beau
42%
15%
shares.
Barium Steel Corp.
Barlow & Seelig Mfg—
V,
15%
150
1,100
42%
.1
!
3,100
100
—
Consolidated Mining A Smelt Ltd
Consolidated Retail Stores
51
Baldwin Locomotive—
Baldwin Rubber Co common.
Banco de los Andes—
common.
Inc
preference
Consolidated
v
Jun
Feb
450
2%
25 s%
*
Community Public Services
Community Water Seivice
Compo Shoe:. Machinery—
£
Jan
19
17%
168
12,100
~6%
—100
Co
Colt's Patent. Fire Arms
Gas & Electric—
V t
10% Jan
May
Columbia
38 ¥2 May
8%
f
88
15%
13%
Development ordinary
5 %
Jan
91
$
73ya May
38%
40%
157'% 162 ;
.1
Airlines..
Jan
July
10 %
35
Voting
Plow Co
Mills
275
17%
Corp
Colonial
763/4
153
153
.10
Products
Colonial
27% Jan
14% May
~8%
Babcock & Wilcox Co
.
Colon
Feb
Coal
Feb
28% Jun
15%
Commonwealth: A Southern
10%
50
Avery (B F)
ftw 6% preferred—
m
Ayrshire Collieries Corp
>
Cockshutt
Jan
33%
13 ¥2
Automatic
1603/4
.1
Lights Inc.
Mfg..
—«
Electric Illuminating——
*
Aluminum
Jan
22
20 % Mar
165
39%
—*"
Colorado Fuel & Iron warrants
10%
2%
Club
Jun
8% Apr
"9%
Automatic
-
10% Feb
29
350
2%
23/8
165
10
■■ ■
53% May
52% May
273/4
17%
17%
4
1
—...100
Neon
Clinchfield
Jun
15%
16 ¥a Jan
May
15% May
52%. May
166% Apr
75
10
Controller Co.
Cleveland
200
Jan
34 % July
106
26%
26%
5
$6 preferred-BB«
City Auto Stamping.;
City & Suburban Homes.
115?% Jan
25%
6%
16% Mar
preferred B.
Clark
3,300
23%
5
7%
10
—
44%
33%
'
63/4
63/4
1
Clayton ft Lambert
103/4
Corp.
.preferred-*..-
Claude
Atlas Corp warrants
;
.$6
May
Atlas
Plywood
..100
common
Feb
£1
Atlantic Coast Line Co—
—
Cities Service common—.
Feb
8
8%
Corp
Apr
5% Feb
5% Feb
10 ¥a
Jan
6%
600
"9
Jan
36
48%
12,000
10%
Jan
37
,150
Mar
63/4
Atlanta Birm & Coast RR Co pfd..l00
Fisheries
1
106
30
44
Mar
63/4
Atlantic Coast
60
48
41
5
6%
2 ¥2
141
45
41
35
6%
Associated Laundries of America......*
Associated Tel & Tel class A
•
138
45
700
111% Jun
10 ¥a Feb
Jan
..100
800
190
10% Jan
-100
preferred
pfd opt div ser.
pfd opt div ser 1929
Chicago Rivet & Mach
Chief Consolidated Mining
iChilds Co preferred
15% Feb
9% Jan
12
11%
•—»
37
6O0
6%
113¥4
500
Cherry-Burrell common——
Chesebrough Mfg new common—
Feb
6%
Arkansas Power & Light $7 preferred^*Aro Equipment Corp
...2.50
7,400
46%
Chamberiin Co of America.
Feb
Jan
12 ¥4
Ashland Oil St Refining Co
......1
Associated Electric Industries—
133/4
42%
Chans
Jun
6
.*
10
non-voting
12%
Cessna Aircraft Co common..—
Apr
Jan
3%
9
a
12%
42%
24% May
11%
May
preferred— ..100
7%
573/4 May
57% May
89
Jan
106
Conv
Jan
Jan
High
18
Conv
Jun
43
1,200
-100
pfd
SCent States Elec 6%
6
112% 114
i-—
8% July
Jan
5%
50
Low
34%
Central & South West Utilities..., -50C
Jan
•
—
common
preferred
American
1,600
10 ¥2
•
pfd
1,500 v
Jan
24
2%
700
6% a
6
9%. 10
£1
1
Appalachian Eleb Pwr 414%
77
75
■4 75
1
Anglo-Iranian Oil Co Ltd—
?
Am dep rets ord reg
Angostura-Wupperman
Apex-Elec Mfg Co common
•
Jan
5%
1%
■Product8.;Uj^w^.»w^'»i».>--
■
Angerman Co Inc common
''
46
29% May
323A Jan
Jan
19%
Republics
Seal-Kap common
Superpower Corp com
0%
40% Mar
24%
45%
Anchor Post
i
Apr
47%
1,300
5,700
Central Pow & Lt 4%
Feb
35%
46%
•
.—10
2
10c
$6 series preferred—
*>
American Thread 5% prelerred
5
: Amerloan Writing' Paper vcwnmon-^-*
j
54
Jan
4%
American
1
Jun
47%
4%
American
Amer
Jun
Jun
51
24
1,200
10,100
19%
Class B :
^
5%
Jun
Feb
51%
American Maracalba Co—. ..
American MeterCo.———
American Potash & Chem class A_—•
;
:
4%
47
Range Since January 1
High
32%
32%
1
Products——
Steel
Ohio
for Week
Shares
of Prices
Low
Par
Central
Sales
Range
Last
Sale Price
Range Since January 1
Low
High
3,300
50%
4%
25%
20
25
25;
25
». l
Laundry Mach.—
Light & Trac common
"> '6 %
preferred.
American Mfg Co common
American
Shares
High
50
25
Co—
American
•!
New York Curb Exchange
1
preferred.
American Hard Rubber
for Week
low
Par
$2.50 convertible
STOCKS
Range
of Prices
Week's
Friday
Sales
Last
American General Corp coimon..—10o
$2 convertible preferred
—1
ENDING'JULY 1$
Week's
friday
STOCK8
New York Curb Exchange
71 ¥s
71%
71%
71 ¥s
72
11% Mar
v
600
1,600
25
Jan
18%
Jan
70% Apr
71% July
15% May
43 ¥4
Jun
26% Jun
77% Mar
783A Jan
■
A
"V,
v,<;";'i:
,V-v
■;•■
•••.-*..<
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4507
[Volume 164
'<•:■;
T
303
NEW YORK CURB EXCHANGE
*
RANGE FOR WEEK ENDING JULY 12
Week's
Last
New York Curb Exchange
Par
Option
Co
Corp-.-...,-
•
common-
xo.
—
preferred«.^^—
-AO
Empire District Electric 5% pfd..—100
Emsco Derrick St Equipments—i—
•
Equity Corp common.
-10«
$3 convertible preferred.
1
..
•#%>,
Esquire
Pipe
1'
Common————10
Inc.
Eureka
Line
STOCKS
Low
166%
250
10%
10%
400
25
24%
25
300
25
25
.26
30%
29i/2
29
50
14
.14
.14
3%
3%
.53
100
12%
Jan
27
Apr
24
Jun
30% Apr
24%
Jan
39%
49 % May
109
Jan
13
14%
.•';•
..
«
:
Imperial Chemical Industries—
Am dep rets regis.
Imperial Oil (Can) coupon.
34
Falstalt
7
400
7%
14,100
7
13% Jail
5%
Fedders-Quigan Corp
*,
i
—r
——r*
—
26
26%
200
32%
34%
1,750
31% Mar
13%
13%
14%
9,400
11%
109% 111%
105
105
Feb
7%
preferred—
—100
Insurance Co of North America-10
12()
120
Jun
103
103
26 %
Jan
40% Apr
17% Feb
Jan
25
Federal Compress & Warehouse Co—21
Association (Phila)
1>
Fishman (M H) Co—
Fire
--
Jan
20
60
Jun
70% Feb
Feb
preferred.
$3.50
series
25%
Power
1A
Investors
Jan
Jun
,-33%
Jan
May
73%
Apr
'
Jun
66
67
400
66
15%
28%
-
29%
18%
11,700
18
16%
S
Royalty
common
14%
5V*
15%
5%
14%
Jun
31%
Apr
1,000
7
Mar
8%
Jan
Iron Fireman Mfg voting trust
24%
25%
1,600
23
Jun
29 3/4
Jan
Irving Air Chute
Italian Superpower *
«
29%
100
25 %
Jun
35
;3iy* May
35
Jun
24% Jan
24%, Jan
•16% July
103/a
Jan
4%
Jan
:7% Mar
14% May
4,600
600"
5% "
16
"
2,800
300
50%
49
•
300
Jan
16% May
-
$7 preferred—*
23
7%
18
Jun
21
Feb
16% May
16% Jun
600
17%
18
15%
7%
May
3% Feb
Feb
63
30% Mar
Jan
--
Ford Motor of CanadaClass A non-voting—-.
Class B voting.
Jun
112
24%
*
27%
...
123
Jan
17%
Utilities
International
Interstate
Jan
94
100,
•*
Jun
92%
24y8
—
30%: Jan
111% July
109%
500
.,70
1033/4
;
Products
Jun
Jun
90
67
coupon gha—*
Safety Razor -*»••■••••'■>.
International
Jan
14% Jan
Jan
25%
109%
90
24%
shares
International
•
10Q
640
.120
28%
Petroleum
Registered
15%
Jun
12% Jan
.a
Warrants
24%
dep rets ord reg
25%
105%
International Investment Co
1
International Metal Industries A—*.
International Minerals and Chemicals—
International
12%
July
.
7% May
157/8 Jan
'■
00
7%
——1
5( to $1 Stores
Ford Motor Co Ltd—
Am
13%
High
38
Jan
7% Jan
,12% Jun
700
-
6%
25
4,200
1,000
:14%
1U%
8% Feb
21 % May
341/a
13%
14%
100
17% Feb
Jan
26 %
Brewing
Fansteel Metallurgical
13
14%
Indiana
Preferred
15% "15%
12%
13%
Cigar Machine^—*
International Hydro Electric—
151/4
Low
950
im
Registered
Service
Bange Since January 1
oV,i'
36
34
Jan
Apr
Jan
4%
66
30% Jan
Shares
J1
International
VfttfChild Camera St Inst Go
Fairchild Engine St Airplane,
%■;:
22
Jan
1,200
Zinc r>n:.'
34%
Jan
Apr
16
Jan
49%
Illinois
High
Imperial Tobacco of Canada.
Imperial Tobacco of Great Britain ft
,iIreland
ei
Indianapolis Pow ft Lt 4% pfd—100
112
Mar
3%
450
LOW
Par
Feb
53% Apr
,
12,400
'
15%
15
15
.
3%
52%
250
166% July
Jan
19% Feb
1,300
.
Feb
6%
1,200
49% .50
.
139
for Week
of Prices
Sale Price
High
Sales
Range
Last
Range Since January 1
High
Week's
Friday
New York Curb Exchange
Shares
10'/«
Light 2d pfd
'.1.
Elgin National Watch Cot common—15
Elliott
Low
164
warrants
Electrographic
for Week
of Prices
Sale Price
Electric Power ft
Sales
Range
Friday
STOCKS
'
-
-
-
.
l'
.
1
18
"2
'
2
2
2,500
1%
"
28%
28%
10%
28%
11%
900
~2%
2%
'23/4
500
*
Jun
Jan
26
75
32
.
10% May
2% Apr
13'/a
Jan
3%
Apr
17% May
26
Ford Motor of France—
Amer dep rets bearerFort Pitt BrewingCouu-
(Peter)
—
9
9
—
5
July
7% Mar
Franklin
Fuller
500
7Vt Mar
46
48%
400
27% Jan
X23
24%
2,300
19
Mar
49% July
30% May
40
2,750
28
Mar
40
108
Pox
110
60
85
May
110
July
July
150
150
10
112
jun
150
July
AM
Brewing
X23
Stores
36%
36%
(Geo A) Co.
{3 conv stock..—,—.
* convertible preferred.
-1H
9%
Jan
Jeannette Glass col common.
Julian ft Kokenge Co
iio
Kawneer
Gatineau
fower
5%
preferred.
Gellman Mfg Co common.
General Alloys Co.
3,900
10%
Jan
18%
900
14
Jan
103% 107%
-log
30
97
Jan
10%
5%
-
■
200
6%
1,700
18%
10
J
Gen Electric Co Ltd—
400
preferred series A
17%
18
27
500
1,200
14%:
27
14%
.27%
14%
e-
pfd
1
,
900
108% 108%
190
5%
1,100
5
<
360
106% 108
106%
Georgia Power 06 preferred—•
05 preferred
•
(AC)
19%
19
19%
"5%
10
Harvester
Alden
150
Corpt——
23%
Apr
Jun
Knott Corp common
104
6% Apr
110
May
Feb
Jan
115
Jan
110
Jan
111-
Eobacker Stores hew
-26%
24%
24%'
1,400
1,100
7%
2,600
inc common
7
•
63
"■:-v
Non-voting
Feb
common
Jun
Jan
■
84% Apr
37% July
Jan
12% Mar
18% Jun
Jan
29
:12
16%
16%
200
15%
17%
6,300
i)*
9%
10%
3,600
11%
123/4
3,000
183/4
19
34%
700
--
Apr
43
jan
.
"Feb
600
3,000
Xl5% Xl6%
8%
Feb
63
30
13/4
Jun
69
Feb
Lanston
44
Feb
106
Jun
4
Jan
Leonard
Prior
350
54
Jun
71
Jan
Lionel Corp
25
32%
32%
.333/4
300
31
May
47%
Jan
11%
11%
11%
300
11
Mar
18
18
200
14% May
23% Jan
23
26 3/a
16% Jun
21% Jan
24
2,000
37%
Lit Brothers common.
Class
—
„
Apr
Apr
Jan
45
3,300
38% Mar
45
25%
26%
3,200
20
20
21
1,800
17% Jan
13% Jan
28% Jun
28% May
1% July
%
7,500
112% 113
xuu
1
70
«
1,300
35
35
223/4
36%
1,400
% July
xlll% May
116
12% Mar
Jan
16% Jun
17
Jan
20% Mar
31%
50
26%
32% July
31% July
;
May
18%
18%
20%
1,700
207/a
22%
8,500
153/4
2%
2%
13,500
Jan
30
preferred A ctfs of dep.
6% preferred B ctfs of dep.
Louisiana Land ft Exploration
1
Louisiana Power ft Light #6 pfd—.*
Lynch Corp
;—
2
98
97%
98%
13V8
137/«
21,230
HI
22%
22%
400
Feb
Apr
22% July
j
3% Feb
Apr
2% Jan
117
Feb
108
92%
500
13%
,
22
96% Feb
7%
Jun
31
Mar
20% May
Mar
21
2%
26% Jan
41%
25 Vz Mar
18
Jun
56
>;
Feb
25
.10
•
Mar
29% Mar
12
Feb
25
Jun
;4l% Jun
3% Apr
20
300
31%
—
17%
323/4
i J4%
Jan
42
600
323/4
17
Long Island Lighting Co—
Common ctfs of dep.
41%
25%
&;
523/4
203/4
„,*'
Lone Star Gas Corp common.
43%
"2%
48%
Logansport Distilling Co
145
m
4,200
37%
"5%
*
135
—•
common—25e
9% Jan
;2% Jun
Mar
18
>
109% Mar
Mar
200
2%
—
B
134
275
13%
203/4
,.
A
Class
Locke Steel Chain
126% 127
400
48 y8
10
Llpton (Thos J) Inc e% preferred—29
Feb
Tea——
22
I
—,—
22
Jun
243/4 May
10% Jan
•
Jun
35
-Jan..
325
1
...
Groceterias
-
21%
jsn
(R G) Ino
Material Co
Loblaw
jllV-.'Apr
11
.31
50
f
preferred
Oil Development.
60
Jan
8% Jan
13%
Lefcourt Realty common
Apr
Jan
Jun
22
—
10 y8 Jan
illVe Jan
21V* Mar
Apr
14% Jun
117 / Apr
26% Apr
M
Lamp
Hamilton
Co
Hammermtll
Co
.
Ltd.
9%
Papers
Hartford Electno
Hartford
.10
Light..
9%
9%
44%
44
300
350
at
Rayon voting trust etfa—1
Brewing Co.
4
Harvard
Jun
17%
Feb
8% Jan
11%
Feb
13%
Bridge
-
—
7
7%
4%
7%
.
4 3/4
2,100
900
35 % Mar
67
523/4 May
72% Jun
Mar
5% Mar
9% May
7% Jan
4
Apr
10%. Jun
Hat Corp
of America B non-rot eom_l
10%
10%
10%
Haze It in e
Corp
•
213/4
21
22
1,900
20% Mar,...
Bept Stores common——..#
Hecla Mining Co
25*
Helena Rubinstein
•
19%
19
19%
2,300
15% Feb :
16
16
16%
38
39
Hearn
Class A
Heller
*
Co
5%%
(R)
i
Hormel
1,600
75
500
70 -
80%
80 %
11%
13
4,300
30
30
30
50
450
Stores
46% x47
..100
.1
Corp.
Hummel-Ross
Hurd Lock &
46%
46%
49
323/4
32%
323/4
•
71
71
a
Hussmann
Reflnln; '—
Fibre
Corp
17V4
17
-5
Mfg Co
Ligomer
1133/4 114%
«,
Co.
02.25 preferred.
Com stk purch warrants.
Huyler's common—
1st preferred
Hydro Electric Securities
fiygrade Food Products————,
100
30
1,500
100
22%
40%
37%
112
32%
10
14%
2,200
31%
900
50
5%
100
6%
Feb
17%
13,100
12y«
Jan
19 Vb
Jan
23/4
23/4
100
2% May
/13% Jaa
4%
Jan
McCord
Corp
conv
For
preferred
arrear
62
footnotes
see
page
62
643/4
500
21%
ctfa
21%
'213/4
2,300
213/4
1,400
33%
32%
33%
2,200
7%
7%
700
Rights, w i
Chapman
Merntt
7% May
43/4 July
94%
Warrants
6%%
fir
69,100
20%
21%
2,000
43/4
5%
Jan
1/4
Jan
109%
Jan
.100
A preferred.
Participating
73%
1
58:
3,400
7%
7%
7%
.2.50
73/4
Midi ale Co
22% Jan
53%
Jun
Mid-West
62
Jan
Mar
15%
Jan
11%
14% May
Jan
150
9% Feb
Feb
17% Jan
5% Jan
14
33/4
4
2,600
33/4 May
125/a
18 %
12%
13
700
•10% Apr
18%
19
800
18
18
18 V*
Jun
v
14% May
243A
Apr
Midland Steel Products—
July
Apr
Jan
12% Jan
112
May
Jan
3%
Iio
Preferred
11 July
263/a
;
6% May
300
15%
7%
Michigan Bumper Corp.
Michigan Steel Tube.
Michigan Sugar Co—
Jan
Apr
8Va
6%
200
11
.18
preferred
Apr
10
9%
11
11
.250
Corp
Mar
37%
Jun
8V4
Apr
24
Jun
18%
Jan
47
Jan
..
Textile
22 3/8
153/a July
42
21,100
"ft
20%
Scott
Messabl Iron Co.
Metal
5%
i7ir
ft
Apr
94% Jan
18%
16% Jan
25
Feb
7%
15%
-37
Jun
50% Mar
.
15 -Mar....
Jun
:
21%
Micromatic Hone Corp
Oil
Piping & Supply.
Refineries.
Co
Wohl Co common
4%% convj?fd__
31
Feb
62
18%
39%
Apr
July
81
Jan
23
Apr
Apr
•
—
P
ft
L
5%
32%
32%
40 7/a
425
6%
300
1
.~4%
40%
6%
14
14
14
Jan
Mar
31% May
20
July
20V2
250
13
50
May
36% Jan
6% Apr
411
Feb
'200
15
15
153/4
473/4
48%
200
8%
73%
83A
2,400
4%
4%
,
.
Jan
A% July
July
473/4 July
4,200
4,500
48%
—50c
ii
50
Feb
30
33
■
-
pfd.
20
•
40%
Mining Corp of Canada
Minnesota
27%
32,700
9,500
10
3% Jan
20% Apr
v
5% July
15%
800
5%
25%
25%
*
50
—10
common
Abrasive
18%
43/4
5
$2 non-cum dividend shares——*
Miller
5%
25
Mead Johnson & Co
Midwest
Dividend
42%
19%
42%
193/8
Memphis Natural Gas
Menasco Mfg
Co
Midwest
300
500
■■■♦
•
——
July
100
32%
4,900
16%
7%
675
32
16%
155/a
__
pfd.—100
common
02.50 preferred
McWilllams Dredging
16
—J•
Massey Harris common.
McColl-Frontenac Oil Co 6%
59
59
common.
6% Mar
S%
14%
Mid-West
Illinois Power Co
May
16
Jan
56%
800
Jan
60
6%
Jan
57
48
26
Power Shovel.
5
8
46%
56% May-
Communication Co.
Marlon
43
12,300
5%
Co.
Mass Utilities Association v t
Jun
Jun
Mfg
8% Jan
Jun
Feb
21% May
40% Jan
Marconi Internat Marine
75% May
X203/4
36
i
Jun
100
12
■
Jan
Mar
Consolidated
Mapes
57/a
3,400
!
(The B) Co
12
18
11%
5%
Manlschewitz
Jan
50
18
•
47%
^
6
Mangel Stores common.
115% Mar
May
10 % May
23% Mar
45% Jan
11%
1
Feb
May
7
optional warrant!
Manatl Sugar
1
Middle States Petroleum class A VtC-1
Class B v t c
i—
1
Middle West Corp common—
8
Midland Oil Corp $2 conv preferred—*
50
.1
25
170
Jun
48%
13%
45% July
Apr
Feb
Jun
2,000
31%
Jan
33%
2,400
13%
32% May
25% July
Jan
51%
733/4
31%
87% Jun
173/4 Feb
Feb
18
1
May
27% Mar
18
•'
Feb
11% July
140
(Harvey) Inc
Humble: Oil ft
430
Baking Co.
preferred
Howard
65
20%
45%
-
26% Jan
12%
43%
113
Feb
Apr
45% May
80%
45%
18
16% May
-I
St Co common.
-48
Apr
16% Jan
,
14% MaT
107%
Feb
34% May
36%
Inc.
(Geo A)
19%
425
21
35
.10
ML
,15% Feb
37% Mar
15 % Mar
14% Jan
26% Feb
23% Apr,
2,600
19
35
Horn ft Hardart common.
Hubbell
•
-1
common
& Co class A
Horn ft Hardart
6%
108%
108
Holllnger Consolidated G
Holophane Co common
Horder's
17%
16%
Henry Holt ft CO
Heyden Chemical
Hoe
600
—
common.
preferred
j
>.
:
17% Feb
July'
20%
21%
21%
Monotype Machine.
58%
1
34
*
58%
-M1„iQ
11%
18%
B
Class
>
23% Feb
14
Feb
15% Feb
•15%
H
Kail
,
19% May
-
,
Langendorf United Bakeries elass A—•
Line
pfd
36
89
23
Xl5%
Lane Wells Co common.
Jun
——1
04.40
343/4
33
■ «
28
Le Tourneau
Gypsum Lime ft Alabastlne
*
26%
Apr
Rights
•
24%
Mar
Jun
;
'
19
22%
Paper
■
21% Jan
x22% July
6% Jan
53
_100
Greenfield Tap St Die
Stores Products
34%
;
•:..
23/^.peb
iya July
100
I.,
jl%May
8% Jan
21,600
u
48% Jan
10% Mar
stock.——•
Grocery
^7% Jan
800
1%
.
Apr
*82% Apr
28% May
9% Feb
.
■if.
200
preferred
34%
Feb
18
Stores
Pacific
w i
Gulf State Utilities
14,800
JM
pfd
1%
May
94
;
Jan
103
—■
Northern
100
1%
13/4
1%
conv
1%
2,600
8
10
n
vCrueger -Brewing: **»■•-•
17%
Graham-Paige Motors 05
Atlantic &
31
•
A_.
Grayson-Robinson
100
63
31
63
•
.
93/4
■'■i.
900
23%
23%
73/4
Lakey Foundry St Machine.
Lamson Corp of Delaware.—
3,800
ljr,
7%
9%
Lake Shore Mines Ltd.
22
common
23%
*
■
116
15
.
7% July
105% Mar
.100
306.
I
,
%t Jan
Jan
Jan
18% Mar
76
—10
Jun
23%
Mfg
20
Feb
Jan
29
Jun
86
—.1
39
21%
class'
79%
.15%
Jan
22%
Inc
18
93/1
■v
114% Jan
Apr
21%
B
193/4
700
*
,
Kleinert
140...
...
29%
22%
Grand Rapids Varnish—
Great
<D Emil) Co common
(I B) Rubber CO
Jan
July
4% Mar
105
43%
65
*
Sugars p.iasn A
1st
Klein
Jan
5
Gray Mfg Co
7%
Jan
109
Feb
-
6% July
*9% Apr
1
Kirkland Lake G M Co Ltd
19
100
250
18%
18%
Kimberly-Clark Corp—
4% % preferred..——
100
Kings Co Lighting 7% pfd B
■■ .,,100
5% preferred D
—.—.100
King Seeley Corp..,,.,,.,■
.1
Kingston Products
1
w-ii-hy ^petroleunu^. - ^
^ ^
*
Apr
200
6%
10
jun
^30% Jun i
;u32% Jun
Jan-
79%
J
-Jan
Mi
$4.50 prior preferred^
Consolidated Mines
Goodman Mfg Co
Great
11%
Co..
53
Goldfield
Gorham
31%
&
27
Inc
Gobel (Adolf)
Gorham
Mar
(Walter)
18%
103/4
6%
6%
10
19% Jan
35
34
34
Coal
Globe-Union
ClaE3
10% Apr
12% Feb
Jan
24
Feb
Kidde
30
100
124 y»: Jun
Jan
121%
——*•
•
■
Gladding McBean ft Co
Godchaux
17%
Jan
Feb
111%
110% 110%
Inc.
Lamp A
Key Co common.—
17%
15% July
12,700
.100
£8
Ken-Rad Tube ft
157/a
28
30
pfd.
27
Co
Gleaner
12%
18%
Ma^
31V* Apr
Jan
*26
15%
7
-■
•
*
common
Preferred
Glen
17% Jan
104% Feb
100
Public Service 06 preferred—.*
General Shareholdings Corp com—1
06 convertible preferred
Gilchrist
14% Jan
9% Jan
Jun
9
General
Gilbert
9% Mar
5%
Jun
18% July
107% July
93/8 Jan
——It
Warrants
General Fireproofing unrnmnn
General Outdoor Adv 6%
General Plywood Corp
22
'
Amer dep rets ord reg
«
General Finance Corp common——L—.1
5%
19%
17%
•;
1,300
.
28
...
Kennedy's
18%
18%
.
Co
20
19
—m
IT
Kaiser-Frazer Corp
Kansas Gas & Elec
Garrett Corp common.
19
35
47
9%
Jan
Feb
Jan
14% May
61
6
Jun
Jan
19% May
50
July
11%
Jan
107%
Feb
/(*'}•
'
t',<rrxvio«ftwn
.
a
JW?*^
;
THE COMMERCIAL & FINANCIAL CHRONICLE
304:
V,.-•
.
rvl.
wit*
*.
$Kr..',.
■*
Monday, July 15,1949
NEW YORK CURB EXCHANGE
RANGE FOB WEEK ENDING JULY 18
fm:
stocks
t
Low
Par•
coumon
Molybdenum Corp
Monogram Pictures common.—
Society A_.
Monroe Loan
33
.
16%
19%
Mountain
States
Power
10
25
8%"
I
9%'
9%
common.
May
Apr
54%
Feb
10% Jan
Jan
81
1,100
200
28 y»
35 y4
35 y4
19%
19%
20
15
15
15%
$
100
Jun
Pressed
Corp
'
——
National Bellas Hess
•7%
preferred s—
City Lines
21% May
17
6%
Pressure
National Steel
5% Jan
40 ' " Apr
2,300
4,100
14%
1
X2i%
21%
22%
300
1'
30
30
32
2
Machinery
85
85
88%
19%
19%
20%
900
24%
24%
200
12%
12%
•
12.50
'
preferred
(Herman) Corp
/Neptune Meter common
500
18
Feb
600
6%
Quebec
2%
3%
2,700
11%
13,100
7%
Jan
10
108%
Jan
100
16%
Jun
24%
Feb
18%
Apr
22
Apr
19
Jan
113
8
113
17%
•
18%
17%
18%
18%
100
15%
15%
15%-
200
12%
11%
11%
250
10
106% 107%
35
34%
2,725
107%
.—
——•
Haven
Clock
—100
Watch
&
Co
New
Park
Auction
Co
N
340
12% Jun
350
75%
Apr
136% Jun
16% May
126% Mar
700
21
35
19% July
7%
8
3%
3%
4%
21
July
25%
Jun
32
Jan
72
Jan
81% Feb
1,100
1,300
3,000
7%
Jan
15
11,000
100
8%
Jan
20%
87/a
1% May
13% Mar
8% July
500
17%
18
200
,
Feb
65
9% Jan
17% Feb
——
10%" Jan
109% 109%
23% 24
Jun
112
May
113% May
27
Apr
75
108
300
23
Jan
21%
275
18
Mar
17
17%
1,200
Mar
23
15% Jan
19
common.
111
preferred.
Power
110% 112
173%
.100
172% 174%
Co—
19%
"
160
103
130
167%
19%
300
■'(•■
Feb
114
Jan
ISO
Apr
Jan
16
20
May
58%
60
650
53
32
32
200
27% May
x35
Founders
shares
——.1
N Y State Electric & Gas $5.10
pfd.100
N Y Water Service 6 % pfd
100
17% July
106% May
26
111
69
95
9%
Apr
9
9%
14,000
6% Jan
22
23%
750
19% Feb
2% Mar
24
32%
32%
33%
800
30% May
34
40
40
4i
18
17%
18%
600
•
31%
36
Feb
44
Jun
Jan
59%
Jun
17% Jun
28 %
Jan
200
29% Mar
37% Jan
34"% Jan
32
26%
26%
26%
75
25
May
39%
42%
3%
200
34
Feb
3%
39%
3%
3,400
3% Mar
1
9%
9%
10
2,000
8
1
2%
2%
22
2%
4,000
107% 108
22
22%
108
150
2% Jan
105%
200
Jan
Rolls Royce Ltd—
64% Jan
4%
26%
26%
Niagara Hudson Power common—1
*<9%
f
5 %
J-—100
2d pref erreduiK——.100
Nipissing
Noma
'
:
250
North
B
American
1%
4,100
12%
300
Ronson
53
53
7%
9%
2,700
17% Mar
16
16
3
26%
26%
Northern Central Texas Oil
North
Penn RR
6
—
9
Northern Natural Gas
1
•,
35
49% Feb
6% Jan
9
•
9
200
u
11%/16% v.
'
109%
57%
57
12%
8
r
July
25*
57%*".
*
625!
-
Jan
108
May
45%
45A
Jan
2,200
13%
900
10%
9%
39
34
*
>
Feb
4
class B
common
*
Ohio Power 4%%
preferred________100
Oklahoma Natural Gas common
40
4%
3,200
39
40%
175
114
116
40
IB
Old
Poindexter
Oliver United
50%
50%
50%
400
1
14%
12%
15%
2,300
Distillery
Filters B
•
21%
Jany
'
8%
8
6%
1
Overseas Securities
17
17
100
42
6
Jan
Jun
7%
7%
8%
33%
14 %
14%
8
Salt Dome Oil Co.
—1
common.
9
10%
5%%
1st
pfd
preferred
$1.30
Public
Service...
preferred
1st
Page-Hersey
Pan
Tubes
American
warrants
Co
41%
118
Jan
Schiff
Co
Schulte
common—J.
6%
6
6%
4%
5
$1
cum
Telephone
Penn
9
Steel
Co
38%
*
—
Manufacturing
Bcullin
1
38%
.
7%
—28
—...
43%
Securities Corp General
Bros Inc
Mar
22
11%
7
10%
7%
20,100
11%
12,100
.*
23%
r79
55%
150
23%
24%
1,200
Semler
,
r79
r79
10
A
com
Light 4%%
1
Jan
38% May
102 y4 July
113
May
11% Jan
Penn Traffic Co
Penn Water St Power Co
Jan
(R
20
39%
Feb
X65
34
Apr
61% Jan
76
Jan
7%
8,100
•
—20
15%
400
5%
5%
5% July
10
10
10%
75%
76%
53
54
600
550
1,200
113%
Pharis Tire St Rubber..
Philadelphia Co common
Pbila Electric Power
5%
28
pfd
Phillips Packing
Co
Pierce
common.
12
com
2
Pitts Bess St L E RR
Apr
27%
500
22
3%
0
13
4%
9%-
13%
73%
73%
74%
12%
12%
12%
306.
5,200
600
July
3%
july
7%
Jan
12% July
44
.50
page
10,700
*
820
21% Feb
26,000
I
^
Mar
70
May
12% July
.
4,500
30%
400
25
Mar
150
98
Jan
100
Jan
103
29
Jan
Jun
11%
Feb
2%
3%
2,000
2%
Jun
5%
Jan
Jan
12%
16%
Jun
11%
—
11%
15%
Denn
15%
8
7%
24
24%
23%
18%
...
11%
15
7%
common
18
147
18%
147
154
1
20%
»
1
$3
;
700
15
May
550
130
Jan
1
1
Apr
25% Jan
1
13%
IN 0
IN
10%
n
19
4,200
301% 310
180
*
375
10%
302
Jun
Feb
-
46% July
6% Jan
301% July
Jan
10% Jan
24% Mar
19% Jun
169%
Apr
114% May
31% May
13% Jun
24% May
6
Jun
106
Feb
49%
Apr
12
Jun
374
Jan
7%
Jan
Sioux
City Gas & Elec Co—
-3.90% preferred
—»
Smith (Howard) Paper Mills.
■
Solar
Aircraft
Solar
Manufacturing Co———.
Corp—.
—
Co
24%
?
24%
9%
9%
4%
4%
Boss Manufacturing common——!
11%
6%
South Coast Corp common——.—!
South Penn Oil new common
12.50
26
35%
California
50
•
6%
17% Jan
9% July
4% July
200
11% Jun
1,900
7,100
6%
200
May
15%
Jan
7%
Feb
14%
Jan
35%.
10%
Jan
35% July
35% July
Jan
43
44
1,000
Jan
Mar
146
-10
Line..
Royalty Co
Spencer Shoe Corp
Inc....
preferred
i
.
•
,
■■,,,
30% Apr
32%
Feb
200
29% Mar
31%
Jan
260
140% July
4
July
165
Feb
17
140% 146
4%
5%
4,300
15%
15%
16%
1,600
11
6%
13%
Jun
Jun
July
10
•?; 10
200
19%
19
:■ 19%
10
14%
600
14%
Feb
19% May
500
9%
Feb
12
16
9%
9%
2%
1
37
——10
9% Mar
.36%
3
38%
Feb
7%
Jan
800
2 %
May
3%
Feb
900
34%
Feb
45%
Apr
Feb
45%
Apr
80Q
v
Standard Dredging Corp common—
1.
$1.60 convertible preferred..... ...—2u ;
"fi%
27
Standard
33%
.
Feb
Jan
35%
13
—*
2.78
10
60
200
30%
10
:
——8
Standard Brewing Co
Standard Cap St Seal common
Feb
50
32
r5%
.10
Southland
51
50
30%
—
(Ky)
Jun
^29 %
32
original preferred
28
preferred B
—28
5%% preferred series C
28
Southern New England Telephone..100
Rights w i——
Oil
12%
2,600
Feb
Edison—
5%
Convertible
5
108
31%
35%
6%
Stahl-Meyer
10%
Pipe Line——10
.
Pipe
Feb
4,400
Singer Manufacturing Co Ltd—
:>
Amer dep rets ord regis
Southern
15%
Apr
7% Mar
19% Jan
1,500
convertible preferred
Simplicity Pattern common—
Singer Manufacturing Co
——
Jan
Jan
47
Jan
78% Feb
10
14
1
I
Breweries Ltd.——
Co- common
Phosphate.' Co.—
14%
200
300
110
Canada—
Southern
Feb
18% July
preferred—— —.
Jan
6% Mar
Feb
Feb
3
jun
15%
7%
35%
104% May
111% May
7%
Southern
37% May
30% Jan
Jan
July
700
32%
'
7
30
4%
1,000
jun
% July
Jun
25% May
3% Jan
~5%
or-
29%
22
May
9% Jan
30% May
7%
31
15% Feb
400
common.. —5
—
Metallurgical
see
33%
23
13
700
4%
103
20%
Jun
32
->
26%
4%
Juh
46%
■
20%
southwest Pa
50
16% Mar
14% Jan
22
50
Pittsburgh & Lake Erie
footnotes
1,900
6%. Mar
Jan
7%
Jan
12% May
86 % Jan
63% Apr
Jan
32%
Piper Aircraft Corp
Pitney-Bowes Inc
For
28%
117
May
49%
Jan
9
7% Jan
74
22
Pinchin Johnson Ltd Am Shs
Pioneer Gold Mines Ltd
Pittsburgh
27%
28
9
21% Jan
Jan
46 y2
•
300
6%
8immons-Boardman Publications—
Jan
May
29% May
14% July
800
75%
53%
7
"4%
Bonotone
7% Jun
14%
150
17 % Feb
56.
Jun
38% Mar
500
18%
Sicks'
Jan
-
5% July
42% Apr
9% Feb
Mar
7%
tixiex
May
May
7%
114% 115%
July
3% Mar
33
-
4,600
2,000
6%
29%
Sherwin-Williams of
13% Mar
Feb
7%
10% Jan
6
500
1
Inc..
B)
39%
26
Beton Leather common——.
May
31% Jun
14 '. Jan
7
July
10% Jan
14%
.250
Pepperell Mfg Co
Perfect Circle Co
Governor
109
Jan
7%
lioo
7% Mar
Saiety Control
Serrick Corp class B__
117% Apr
16 % May
28
Apr
29
-.
pfd—.
9% Mar
35% Jun
15% May
12% Jun
44%
~4%
1
Sentry
19% Jun
45% July
41% Feb*
48%
1.25
7% Feb
Feb
9% Feb
26
18%
4%
11% Apr
23
Feb
Sentinel Radio Corp common.
Apr
15
55
9%
Jan
21
~6%
1
$5.50 prior stock.
Allotment certificates
Jan
26
Jan
27
Jun
7%
43%
—...—-•
Convertible stock
Jun
12% Jan
42
Feb
8%
20
"
common..
Beeman
Jan
common
& Elec class
&
30
115
_1
....1
preferred,-.
Power
115
7%
Pennroad Corp common
Penn-Dixle Cement warrants.:
penn Gas
70
10 %
6
1,300
3,500
(D A) Inc common
bcovill
54% Jun
18% May
16% Jan
11% Mar
26%
.—5
Parkersburg Rig St Reel
Patchogue Plymouth Mills
Peninsular
115
300
•
,
Pen
1,100
40%
102% 103%
—•
Pantepec Oil of Venezuela Am shs
Paramount Motors Corp—
Parker
45%
800
1—•
common
Airways
16%
40%
28
Lighting $5 preferred
•
Pacific Power & Light
7% pfd._—100
16%
45%
SB
Pacific
Pacific
16%
Jun
7% May
7,300
—1
4%
United Corp
Oil Co.
Sheller Mfg Co..
*
43.
Feb
Apr
5% Apr
1,425
14,800
Sherwin-Williams
Co common..
Pacific Gas St Elec 6% 1st
19%
2,200
31%
14%
Mining
—
Shawinigan Water St Power——-
Can
44% May
19%;Jan"
500
32%
Shattuck
Pacific
11%
Feb
Feb
1,300
1,300
.50
Samson
Feb
18%
I
„,,..
8%
30
300
8%
7%
-8
Savoy
Jan
73% May
15% Apr
40
Apr
3% Jan
34%
113%
14
Omar Inc
40/
8%
Selected Industries Inc common.
common..
Co
Brass
100
7%
Belby Shoe Co—
Ohio
1,400
Jun
9% May
19% Jan
Segal Lock St Hardware
Ogden Corp
10
36
36
St Lawrence Corp Ltd—
Class A $2 conv prel-
108% July
111"
Apr
59% Jun
Feb
500
38%
Apr
59
5% Mar
'
104
\
30
Jan
700
St Regis Paper common.
Apr
May
62% May
12%; Feb
11% Jun
Jan
15
60%*
12%
38%
$
100
3*300
109$;
57
59
"'#•
7%
Jan
63
49%
100
7%
12% Mar
Jan
500
Jun
Jan
22
25%
20% Apr
5% Feb
.
164
52%
11%
38%
13% May
26% Feb
Feb
53
15
.
134
52%
:liy4
28
1
300
.15%
20
Power class A
Northern States
Northrop Aircraft Inc
Novadel-Agene Corp
July
July
Co
Russeks Fifth Ave
2%
,1
Ryan Aeronautical Co...
Ryan Consolidated Petroleum.—.*
Rjerson it Haynes common
1
Apr
3% Feb
/
25% May
7% Jan
12,200
*
Jun
52%
Co——L—50
Northern Indiana Pub Serv 5 % pfd—100
3
2,200
9%
152
16
3,300
27%
8%
52%
52%
100
3%
150
1%
Art Metal Works
Rotary Electric Steel Co.
Roy allte Oil Co Ltd———
Feb
22
800
54
Roosevelt Field Inc
May
120
10% Mar
19%
•
Northeast• Airlines.,v. „„1-
15
123%
Jan%'
1%
3
•
Utility Securities
Jan
16
,...•
common
117
110% Mar "T
18%
9
Class
•
<
12%
152
Rayon class A
8%
575
1%
common..]
North American
'
18%
Electric,^—1
Light & Power
■
July
12%
preferred———.—h—*
$6
69
19,100
113%
-Mlnes-i^^.«,»..,..^ll,,l4<i-w..»-M>
North Amer
13%
121
113
*
-
IV/2
11#
113
—
Corp
180
•
120%
V Class B optional
warrants—
Niagara Share Corp class B com
8
Niles-Bement-Pond
—•
Nineteen Hundred
70
70 %
12%
1st- preferred...
-•
109%
69
Apr
1,400
27
Feb
Jan
Root Petroleum
108
15
Jan
110% Mar
.
Am dep rets for ord reg
Rome Cable Corp common
Feb
Jan
49
4% May
13% Feb
Jan
Jan
Mar
Feb
Feb
10,100
•
Radiator
Jan
4%
55
Rochester Gas & Elec 4% pfd F
100
Roeser St Pendleton Inc
——•
se
—
Jun
13
22
6
Rio Grande Valley Gas Co v t c—
Mar
32
—...
Feb
20% May
.
Richmond
jun
60
Merchandise
Shipbuilding Corp¬
Apr
122
20
*
24
20
Do.—
Reliance Electric & Engineering
18% May
10
Y
-
N Y
Jan
Feb
18"%
106% Jan
Reed Roller Bit
4% July
54%
18
May
3
Jun
Rice Stix Dry Goods
Richfield Oil Corp. warrants
-
11% Mar
3% July
—10
N
■
2%
17%
108
—
Jun
•14
—
•
common
~8%
Radlo-Kelth-Orpheum option warrant*.
Railway & Light Securities
Voting common—i
10
Railway St Utility Investment A
1
Rath Packing Co. common
10
Raymond Concrete Pile common...—•
*3 convertible preferred
•
Raytheon Manufacturing common..50o
Jun
108%
13
•
Y City Omnibus warrants
Y St Honduras Rosario
N
2
95
Feb
Feb
27% Mar
19%
1
....
84%
150
"
1
Apr
3% Feb
Jan
700
..
Jun
12%
74
•
Mining Co
133%
Jan
13
28
& Arizona Land—
New Process Co common:
N Y
130
14
115
Mar
19%
20
New Idea Inc common...:
New Jersey Zinc.—
New Mexico
133%
•
pfd
conv
35
%
England Tel St Tel
-60
1ft July
R
11%
New
Jan
25,100
17%
17%
x26% May
15% Jan
4% Feb
10%
100
.
2
Gas
Quaker Oats
22% Jan
12% July
2% Jun
•
,New
May
89% July
New-England Power Associates
•
/ 6%
preferred
...—100
M*4%%.
38
23% Mar
10%
Nestle Le Mur Co clasp A
100'.' July
....
69% Jun
14% Feb
"2%
1
1
1%
16%
Pyrene "
Jun
1
Nebraska Power 7%
preferred
-
-30a
Radio
Nelson
$2
Jan
21% July
1,500
—•
National Transit
®
35
,
21% Jan
16%
common."
15% May
July
nt-
42%
16%
Fabrics..
Jan
28% May
X49% May
17% Jan
22% July
39%
Cooker
10%
100
•■9% Apr
*46% Jun
41%
Car Ltd
Union
23% Jan
16%
National Tunnel & Mines common
National
200
50
1st preferred
1st preferred
Jan
4,800
6%
•
^National Mfg & Stores
National Rubber
6%
50o
common
Mallinson
National
6%
34
2,100
40
27%
7% Mar
17% Mar '
12% Mar
-
* May
Jan
10
-19-
82
Public Service of Colorado—
Feb
Mar
•
National Fuel Gas
^National
33
lft
16%
Jun
36
18
—28
National
America
Puget Sound Power St Light—
$5 prior preferred
Puget Sound Pulp St Timber..
Pyle-NaMonal Co common.
33
1
common
National Breweries common—
of
Producers Corp of NevadaProsperity Co class B
N
Nachman
Metals
1%
Providence
25% Mar
25
.2,000*
1
High
6% Jan
May
•
44
Premier Gold Mining
Prentice-Hall Inc common-
Jan
14
:
23
13%
13%
100 ' 100
100
Apr
Apr
160%
600
8%
21%
of Canada com————*
preferred
21
7% :
21%
Range Since January
Low
8%'
..
21
7%
.
Shares
High
8
.
.
10.
—250
10%
200
/ ;
1st
:8%
Alexander common—.2.50
32%
Jan
.400
;
&
Low
1
Mining Co.
for Week
Pratt St Lambert Co.
Jun
5% Feb
8% Mar
'»
*;6%
210% Jun
23% Feb
3% Apr
136%
:——J•
2%
*
.^Muskegon Piston Ring
Power Corp
18%
•i.
100
"Murray Ohio Mfg Co
Jun
Jan
1,300
9%
Powdrell
45
...
2,300
31%
31 y4
Polaris
Feb
6
197
17
4,250
3%& 4
Feb
Jan
'
Jan
11%
:
40
.
...
52 "
20%
10%
Jan
7% Jan
Sales
Range
of Prices
Par
Apr
Week's
<
Last
Sale Price
PleaBant Valley Wine Oo.
Pneumatic Scale common,
;
Friday
<:
High
87
:
4
3,500
20%
.
8%
3%
common—
Mountain States Tel St Tel
/•; Muskogee Co
"i%
5o
17 y8
19%
52
"
Jan
-
,15.,
...
800
2Q6y2-209%
206%.
—
1,300
20
..
5,900 I,.
41/4
16 %
150
.....,
8%s
.
.
41/4
•
Moody Investors partlo pfd
•
Morris Plan Corp of America—i—10c
Mountain City Copper common
Mountain Producers——
8
•
17J/8-
<
Exchange
Range Since January 1
Low
34
.
.
16%
8%
'STOCKS
New York Curb
Shares
High
33
.
16%
5
Montgomery Ward A—.-.<
i
Montreal Light Heat St Power—
*
.
1
1
1
.'
1
Montana Dakota Utilities
for Week
of Prices
Sale Price
■
Missouri Public Service
Sales
Last
New York Curb Exchange
'M
Week's
Range
Friday
?
:
Ti% "7%
2,500
26%
27%
250
32%
33%
2,400
Jan
8%
Feb
24%
Jan
27%
Feb
24%
Feb
33% July
6
„
1
Volume 164
THE COMMERCIAL
Number 4507
FINANCIAL CHRONICLE
new york curb
t/f/aos
exchange
RANGE FOB WEEK ENDING JULY 12
STOCKS
Week's
Last
>
Sale Frlce
Low
53/4
53/4
6
Tube
class
1'
B
3%
1,600
19 5/a
63/4
400
9
9%
600
Feb
Jan
Appalachian Elec Pow 3%s
Appalachian Pow deb 6s
Jan
Associated
9%
17% May
6
7% May
Amer
Jan
Assoc T & T deb
Feb
160
May
73/a Jan
-
Sale Price
Par
14 %
'
Last
Period
23%
*•
Week's Range
Friday
Interest
Exchange
73/4 May
Jan
138
800
63/8
1
Curb
High
3% Jan
10
18%
...1
Corp
13,000
145 % 145 %
145 %
Starrett (The)
LOW
«%
York
Range Since January 1
High
57/a
Standard Products Co
BONDS
New
Shares
6
1
Common class B__
Btandard
for Week
of Prices
Par
Btandard Power & Light
Sales
Range
Friday
New York Curb Exchange
Writing Paper 6s——:
Elec
Low
.1961
.2024
4%s
J-J
A-O
Friday's
<
'
High
1
101%
4.
110% 111
$122% 123
.
January 1
<
102% 102%
111
Range Since
Sold
;
Low
109%
111%
122 Va
124 V
55
1013/4
104%
-25";
1033/4
1053/4
'
>
1953
J- J
103
102% 103%
105S
US
1053/4
105% 105%
1964
5%s A
Atlantic City Elec 3%s
Bonds
High
J-D
.1970
or
Bid ft Asked
M-S
•
1063/4 106%
1
•
Stein
(A) & Co common
Bterchi Bros Stores common...
29%
1,150
27
July
50
700
24
Jan
53'A
Jun
28%
29
300
18
Jan
31
Apr
-v.
Feb
"53/4
~6%
Boston Edison
2,900
203/a
20
21
2,900
23
22%
23%
Superior
7% Mar
•
2%
2%
10
53/4 July
lla/4 Mar
650
"
8%
18% Mar
Jun
Feb
,25
2%
200
2
41
41
45%
1,050
32
Jan
•
43
43
44
700
x38
Mar
450
28
Jan
650
26
Mar
62% May
34 % Jan
14
Mar
26 '/a
Co
1
Portland
Swan Finch Oil
Cement,
51%
28%
Inc—'
*
.—II
Corp
51%
27%
-
53%
29
May V
5s
series
1957
C
—I960
—1962
.,
J-D
108
M-N
a!20
A-O
$112
,,,,.1970
„
3% Jan
493/4 Jun
48
Jan
| A Central 8tates Electric 5S—1948
A5%S
107%
1954
MS
lAChicago Rys 5s ctfs (part paid)_1927
MS
JUS
deb
Conv
5s
Jan
1966
6a—.—1950.
5s
1958
5s
.1969
A-O
.
inisi
113
11
65
107
1083/4
105
v/80%aio%
89
„V'/82 ■.j.rllIf.
65%
77
V-64%':-73<
106%
Z 2
1033/4 104%
105% 106
106
106%
38
64%
106
A-O
Debenture
1311(1%
115%H19r%
114
107% 1093,4
64%:
F-A
Debenture
—
14
106
106%
108
20
106% 106%
J-J
Cities
Servtce
109
117% al20
Jan
22 ya
—*
Corp
Bun Ray Drug
/;;
Bickford's Inc 6%s
~53/4
—1
1
-•
t
(S) & Co common
Sunbeam
80% May
33
May
Bell Telephone of Canada—
1st M 5s series B
483/4
__1
1
Stroock
Jan
27
29%
*
..1
Sterling Aluminum Products
Sterling Brewers Inc
Sterling Engine Co
Sterling Inc
Stetson (J B) Co common
Stinnes (Hugo) Corp
72 3A
<108-jao-V/'.
105
.
Bteel Co ol Canada.—
104%
104% 107%
"
1033/4
106%
'V 103
9 I
104%
i
104%<V07%
16
108%
105%
May
Consol Gas El Lt ft Pr
1st
(Bait)—
mtge 3s ser P
1st ref mtge 2%s ser Q
Taggart Corp common.
Tampa Electric Co common
Technicolor Inc common.
Texas Power ft Light 1%
Texon Oil ft Land Co
10%
100
3,800
20
93/4
10
1,100
25'A
7,800
Tilo Roofing Inc
24
23'/2
"22
—1
Tishman Realty ft Construction
Tobacco ft Allied Stocks
Tobacco Product Exports..
37
Jan
29
Apr
122
22% Jun
117% Apr
Feb
8% Mar
17 y4 Mar
1
20
19 JA
"22 y2
3,000
•
48
Jan
26
15 y2
400
20
10% May
263A July
Mar
16
v
_5
common
12% May
37
50e
Co
24
118
"9%
a
Textron Inc
Thew Shovel
1,400
23
24
pfd
36%
36
8y4 Mar
32% Mar
Jan
20
64 3A
~7%
•
~7% ~7%
900
7
Feb
Amer
dep rets ord regis——.——.
13
Amer dep recs def reg.
2ya
Todd Shipyards Corp
Toledo Edison 6% preferred.
133
Corp
133
137
230
108
107 y2 108
130
100
preferred
Tonopah Mining of Nevada
1145/a
114
1
Tri-Continental
Trunz
2%
1
25/a
6
10
_
Transwestern OH Co
67
warrants.
6
1145/s
Feb
3%
Feb
Jan
25/a July
4%
Feb
6
July
95/8
Feb
Feb
47/a
2,100
4,600
42
43/8
68
3% Jan
20
convertible
May
112% May
116% Jan
700
673/4
May
55/8
Jan
34
Feb
May
~8%
-8
9y2
4,900
8
July
14%
Jan
13
13
145/8
1,400
13
July
173/4
Jan
preferred.
men
Gas
of
16%
1,500
11% Mar
173/a
Jun
3%
3%
3%
400
53/4
10
17%
19%
9,400
10%
11%
10,600
83/4 Mar
8%
8%
200
Canada
Union Investment Co.
8%
Unlon Stk Yds of Omaha.
United
Aircraft
United
Chemicals
.100
—
Products.
203/4
common.
19% July
Feb
633A
Apr
Jan
Sharing
preferred
Rayon Co 6s
A7s
A 7s
(Aug
303/a
31%
59
25% Feb
47
100
ji37% May
*62
Jan
95
290
2%
290
10
23/4
r
May
Mar
100%
9%
Feb
284
Jan
293
«...
Jun
43/4
Jan
Jun
12%
Jan
83 3/4
1,150
783A
Jan
84%
48%
483A
320
46%
Jan
49 %
18%
193/4
900
25%
27%
2,300
153/4
200
43/4
15%
43/4
963/4
96%
98%
253/4
—
•
5
July
24% Apr
18 % July
18%
Jan
Mar
30%
17%
Feb
33A Jan
7%
Jan
15
1
17%
•
6%
6%
1,000
89
1,175
17%
Power
Debenture
4%
45/8
4%
2
10%
103/4
11 y4
Universal Insurance
4 5/a
1,000
3,100
25
64
66
350
53/4
6
4,200
•
lOo
1
23%
23%
243/s
2,200
21
4'/a
4%
4%
400
4
100
Jan
1
8
--
ll5/s
83/4
20o
Manufacturing
12%
■
..
100
9
3%
3%
Co
t
4%
—
6
preferred—
—
,
M„
,,
•
433/4
Co warrants
Aircraft Corp
18%
83/4
—.
l
Jan
28
Feb
May
7%
Feb
25 %
Jan
53/a
Apr
Feb
108
10% Mar
109
—
13%
Mar
2,700
3%
145
Jun
15 '
—
Westmoreland Coal—.
Westmoreland Inc
July
12%
Jan
Jan
Jan
43/4 May
Feb
24
Apr
footnotes
9%
43/4
600
6,600
8,800
11%
11%
Feb
1956
13%
14%
F'A
a-o
33
22%
i
12
14%
-100
33
—
33
Gas Light 4%s
Nebraska Power 4%s
Milwaukee
6s
Amsterdam
New
.51
14
306.
V
—
JB1
•
7
70
18%
,
May
Apr
Jun
11% July
115
May
16%
Feb
155
33% Feb
32 y2 Jun
40%
19'A
24%
35%
22%
23
Conv
deb
New
.
108% V
108%
3
111
115
US
114% 114%
$106%
100%
Ohio Power 1st
1st
mtge
3%s.
mtge
J-J
1948
J-J
.1968
__
49
Jun
Pacific
.1955
Poorer ft Light 5s_
F-A
1st mtge 3s
1964
Pennsylvania Water & Power 3%s_1964
1970
————
109%
Apr
Feb
Apr
Mar
Feb
13
600
12
Jun
15
28
225
27
Jun
31
Jun
15
3,000
12% Mar
20
May
Apr
112
11%
Jun
17%
Jan
16
Apr
10% Feb
Apr
'
47
5
11
Feb
31! Juy
17.% Mar
i
-7
6%
l06%
107'/a
101% 103%
45%
1083/4 109%
14
107
109% V !
107% 1073/4
40
106
108%
103% 104%
--
10
102% 106%
81
M .t
J-J
$87
J-D
107
J-J
—
95
107
107%
2
105% 108
108
4
106%
■
i
109.
106
—.—1949
J-D
106
.
105% 107%
Sinking fund deb 4s
of
perpetual
New Jersey—
certificates
105 %
106
$102% 1033/4
107;
101% 104
M-N
160
Queens Borough Gas ft Electric—
5%s series A
——*
1952
a-o
$106%
Safe Harbor Water 4%s—San Joaquin Lt ft Pwr 6s J3_
.1979
j-d
.1952
M-S
106% 107%
$120
125%
.1951
j-d
$115%
.1951
A-O
.1965
M-S
.1970
A-O
$105
106%
105%
109 >
j-j
$105
106
105"
107%
F'A
$108%
Real
Estate
Scuthern
Counties
1st mtge 3s—
6s.
Gas
—
(Calif)
.———1971
Southwestern Gas St Elec 3%s
1970
160
160
107%,
105% 107 <:•
172%
•
107%
15
*'"5
104% 108%
125
1
107% 1073/4
16
126*
103
__
1013/4 IOP/4
107%
(A G)
5s
111%
1013A.
108%
98%
107
108% 108%
—
.1989
M-N
.1950
a-o
A7-4s 3d stamped
s
Stinnes (Hugo) Industries—
1945
j-j
37
1948
a-o
$33
1968
j-j
1063/4
1063/4 107
6
1949
j-d
107%
1073/8 108
16
1959
a-o
105
105
AStarrett Corp inc 5s
Stinnes (Hugo) Corp—
—
106
6s
Feb
Feb
Electric
series
N
J
—
4s
.
106
$91%
12
106%
104
106%
93
78
96
37
36%
48
38
40
48
A—
t
p
,
105% 107%
1073/8
vvv:
ft Power Co—
105
8
103% 106
(Maine)—
;
Utah Power ft Light CoDebenture 6s series A
—
1952
.—.2022
F-a
2
107% 107%
•
m-N
$112% 114%
..
106% 109%
116
113
Waldorf-Astoria Hotel—
a5s
Wash
West
income
Electric
Penn
Western
6s
debs
Water Power
Penn
1954
M-S
3%s
1964
2030
84%
J-D
5s
A-O
Traction
5s
1960
J-D
1959
F-A
84%
22
86
109
1
$108 3/8 110
•« —
109
...
72%
110%
108
108%
122
$125
91%
107%
.
126
Newspaper Union—
conv
s
f debentures
/I
4
V?
^
108
106
Public Service
>
47
J-D
West
15% Jun
7
■
1964
1st mtge 3%s
Jun
12
300
s v*
Apr
14%
23,000
•
100% .103'
1st lien ft cons 5%s
United Light ft Railways
15%
45%
'r
„
102% 103
$995/8 100%
1053/4 106
Apr
~4%
$107-
1053/4
33
Apr
83A Jan
101%
J-J
Jan
110
101%:
99
M-S
18
<
983/4
1959
150
*
98% 1013/4
v
1950
Corp (Can) 4%s B
1
Public Service Co of Colorado—
United Light
31?
17
44
Portland Gas St Coke Co—»
5s stamped extended
Jun
t
r
105%;/
Power
38
15%
u
—
A-O
Park Lexington
Feb
13
31'
1003/a 101%
—
A-O
1971
20
300
100% 100 %
M
_.
M-n
-2004
3s
United
1,500
105
..
100% 1003/4
.1954
-1964
North Continental Utility Corp—
A5%s series A (part paid)
Jun
I
f
105%
Jan
15
r
105
us
Jan
14% 15
78
8
3
.1947
24
10
70
1063/4
107
El Assn 5s_
New Eng Gas ft
29
200
7
106
j-j
55
11
1023/4 104 f
73%
107
.1948
34
Apr
21% Apr
14
105% 407
m-s
5s__
A7-4s 2nd stamped
Toledo Edison 3%S—
;•
-
page
35%
Gas
Sculllri Steel inc mtge 3s
Southern California Edison 3s.
Southern California Gas 3%s.
12% Mar
100
6
j-d
—2022
24% May
9% Jun
83A Jan
•
104
71%
—
115%
*W^ioa;v/iii%v
107
$103
113-
W
__
HO3/*
106
1981
A
series
100
38
$114%
.'^$110
55%
,104% 104%
^
..
101%
44%
1967
;
ASchulte
4% July
y33
Jun
12% jun
—
103/4
2
Ltd—
see
38
to
10 3A Mar
.*■
575
—
1103/4 1103/4
—10
receipts.
"
Jun
27
•
pfd.
44%
163A Feb
—
""25
B
114
5% Feb
140
—
i
•
Valley RR—
Extended at 4%
July
18
1,400
.
j-j
1963
—
j-j
Feb
6%
1,600
..
——1
4 %%
US
1969
Kentucky Utilities 4s———..1970
Spalding
i
Wright Hargreaves Ltd
For
30
8,200
11,150
173/a
—
preference
19%
373/4
Woodley Petroleum
6%
May
Jun
Jan
200
43/s
«
ww
deposit
Feb
193/4
in
common
(F W)
8%
95/s
Jun
112
—.10
Wolverine Portland Cement
Wood all Industries Inc
American
18
July
t
common
L
6
16
1,000
8%
14%
—
Woolworth
44
11%
...20
Whitman (Wm St Co.
Wichita River Oil Corp
Williams (R C) ft Co
Wisconsin P &
43
•
Weyenberg Shoe Mfg
Brothers
500
34%
i.gg
Coal St Coke
g
Western Maryland Ry 1% 1st pfd—100
Western Tablet St Stationery com..
•
preferred
500
43/3
West Va
5%
63/8
18%
363/4
Knitting Mills
Rights w 1——....
Wentworth Manufacturing ii
;
West Texas Utilities $6 preferred
Wilson
.2022
Kansas Power St Light 3%s—
$1043/4
4
Jan
Jan
rl65/a
Wayne
Winnipeg Elec
j-d
95%
IV
47
n Y State Elec & Gas 33/4S
N Y ft Westchester Ltg 4s—;
x74
8%
18%
8%
Watch" Co—IIIIZZZII—1
Products Inc.
1966
Power 3%s
1003%
45
A-O
Jan
5% Jan
400
.100
■
Ward Baking
Willson
100
1034
-1948
111
Wagner Bilking voting trust ctfs ext..*
v-
100%
w
,50^
100%
61
.•> 105% 108%
$105%,_...
«... 102% 102%,.• wax 100% 105 v
1027/8f.
102% 103 imfcc,r 25iaxfcil03s : 105%
W
Warner
j-j
1963
6s
Kansas Gas & Electric 6s
6%
Waltham
1952
46
101% 102
M-N
24% Jan
36
1,800
118% 118%
*
-
Venezuela Syndicate Inc
113/4
118%
47%
102
6s
Superpower
3%s
■■
47%
j-j
Apr
25
*
1952
'jp
.1961
Jun
53/4
common
63-:
England Power 3%s.
New England Power Assn 5s
12 3A
64
$4 convertlole preferred
Venezuelan Petroleum
604*
46
100%
27
25
50
45%
56
M-N
Feb
•
107% 108
45%
$46
65-
j-d
Jan
5
Utility Equities common
05.50 priority stock
65
44
.1948
9
10
Utah Power St Light common
59%
46
.1950
22
25
44%
47%
45%
45%
7-j
44
44%
47%
5s
7%
July
Universal Products Co
sugar
44
44%
j-d
fs
—1957
—
,105%
1053/4 108%
20% May
8% May
4%,Feb
Utah-Idaho
class
5s
104
1053/4 1053/4
.—1957
1952
1063/4
103%. 104
12
98% July
Mar
12% Feb
500""
10
&VBond
coupon)
F
Debenture 5%s,———
200
7»
50e
United Wallpaper, Inc
Universal Consolidated Oil—..
7%
1957
105
..
103% 103%
M-N
;
105% 108%:
$105% 106
1955
Jun
,-v"
—
United Stores common
Waitt
.—1955
103%
102%
■,71
..
$1063/4
F'A
101
733/4
$111%
J-J
—.1970
(July 1941 coupon)
Interstate
A-O
A-O
1950
coup)
$71%
Apr
82%
48%
•
"?
May
2%
9%
82%
1
U S Radiator common
Aircraft
$101% 101%
J-J
1043/4,105%
Feb
8% Jan
400
— —
-9
common
05 1st preferred with warrants
Waco
J-D
1958
—Jan 1949
1941
1941
,60%-.»v62%
1953
1963
1
76
104% 107«
107 Vi T09%
—
E
series
A 7s
,
$62%
:—
6s
5s
(Dec
series
^107 j
125%430.;,
$105%
Indianapolis P & L 3%s
A 7s
39%;, 49%
$107%
J-D
1st lien & ref 5s
Kansas Electric
May
Apr
-
•7i;il;8i%
105'
82%
J-J
Jan 1949
Service
•
104% 104%
—1950
series B
6s
J-D
104%
-.1963
Hygrade Food 6s ser A
60
25
U S and International Securities
Vogt
West
A-O
1948
ser A—
33/4_
Grocery Store Prod 6s
ft
7
-
—
82%
1969
A.
Green Mountain Pow
15
56%
.1
U S Foil Co class B
Yotepar Corp
3%s
Grand Trunk West 4s
32
25
...
Reclaiming
Power
Indiana
US
106%
1961
450
21%
'if
.
Mtge Bank—
Gatineau
Guantanamo
J-J
1956
stamped
1,700
8,900
10
United Specialties common
Rubber
5s
.1965
McCord Corp deb 4%s
10%
United Shoe Machinery common
S
Residential
Finland
193/4
..
25o
U
25
Midland
Profit
'
6
106% 106%
$125%
B
ser
Eastern Gas ft Fuel 3%s
Elmira Water Lt & RR 5s
483/4
rnmmm
United
■"■r?
40%
19
100
i
75
40 %
Altallan
dep rets ord regis
Graphite
73%
40%
34% May
2% Jan
31
—•
United NJ RR St Canal
S
73%
MS
29%
.
?<
120% .126
M-S
Jan
Feb
*
•$121
1993
Mar
Jan
A-O
1993
mtge 4s
1
United Molasses Co Ltd—
U
1954
_
1st
203/4 May
,,
108%
.'
1st mtge 4s ser A
27
56%
•
$3 participating preferred
Preferred
(Bait City)—
,106%
Lackawanna of N J Division—
1,500
19
110
106 %
5
Delaware Lackawanna & Western RR—
12,100
483/4
7
R
Gen mtge 4%s.
1%
503/4
1%
10
United Milk Products
Amer
105
series
21%
...
l3/a
United Light St Railways
14
11% July
8% Feb
73/4 Jan
59
-
20%
—
United Corp warrants
United Elastic Corp..
United Gas Corp common
106
106% 106%
106% 108 %
Jan
18
3% July
8% Mar
.10c
Unexcelled Chemical Corp
Union
15%
113/4
Corp.
6
106%
A6%s
153/4
Realization
107% 107%
J-J
1981
2 3/4 s
International Power Sec—
A6%s series C
u
Udyllte Corp—,
107%
1976
ref
Consolidated Gas
A General
16D
107% July
Apr
113 5/a
Inc—
Tung-Sol Lamp Works
80c
145/e
2,700
6y8
663/4
43/s
May
100
70
3
Jan
2% May
1,100
160
1%
Trans Lux
2%
July
May
9%
Tobacco Security Trust Co Ltd—
J-D
July
Apr
72
Apr
1969
1st
200
118
36%
103/a
ref
106
106
*
2
101% 106%
.
V
306
TIIE COMMERCIAL & FINANCIAL
CHfetiNiCtE
Monday, July 15, 1946
•mm.
NEW YORK CURB EXCHANGE
'V
■
.
:
"
Quotations tot Friday* Jtaljr 1%
Foreign Governments & Municipalities
Curb
Friday
Exchattjg*
'
Interest
.
Period
ACauca Valley
Danish
Bonds
Bid & Asked
$83%
mv*
J-J
ar-D
■
.
January 1
High
78%
80
30
30
30
$98% 100
26%
92%
89
97%
—
$22
37
MS
21
21
27
(Issue of Oct.
A7s
A
1927)
41
'
37
8%
8%
8%
76
J-J
8%
8%
8%
28
23%
A Bonds
d Ex-interest,
Odd-lot sale,
e
44
7%
14%
7%- 14
being traded flat.
t
•
•
*
current week.
^
•
.
Px-stocJc dividend,
g
.....
sales being transacted
during
no
.j'"''T
■■
'
fEx liquidating cash dividend of
$52
J-P
36
33%
51%
20%
27%
51%
50%
*27%
$22.50, plus stock distribution.
V
..
,5'
"
Abbreviations used
above—"cod/* certificate#
orpepo8}tr "cons," contend»ted:
otiratdative; "conv," convertible; "M," mortgage;
"n-v," non-voting stock; "vtc,"
voting trust certificates;
"w i," when issued; "w
w," with warrants; "x w," without warrants.
36
50%
A-O
1931
99%
37%
J-P
Piash-sale,,> xEx-hividend.... y Exrirights. 1.
r
^Friday's bid and asked prices;
•
__.
J35
Jf-N
1947
Mortgage Bank of Chile 6S~
142%
J-P
Mortgage Bank pi Bogo,ta~r:.
A7s (issue of May 1927)————1947
45
High
90
,
M-N
-20Q9
7t>' stamped—--.1951
$43
Low
43
J-J
5Reported in receivership..
Interest reduced to 2Vis
$—
Range for
January 1
Sold
No.
99
M-8
2008
Bonds
High
$98
value. ,;-a Deferred delivery sale,
par
Underrthe-rufe "sale,
32
20%
♦No
n
(Plan A)
stamped
J-P
_
99%
m%
3-J
.1972
.
Maranhao
Friday's
31%
i
6%s
stamped
1952
ALima City (Peru) 6Vis &tamped_195f
AMedeilm
or
Bid & Asked
,
M -N
-
Extended
External
Sale Price
Rio de Janeiro stamped (Plan A)
Interest reduced to 2%J
..2012
ARussian Government 6%s
lbin
A5%s
1
..1921
83%
80
—
~
F-A
5 %8—195®
Mortgage Bank of Denmark 5s.
Parana stamped (Plan A)
Interest reduced to 2 Vis.
Range Since
Sold
Low
of)
Danzig Port & Waterways—
A
Friday's
High
A-O
1947
——Jail
or
Bale Price
Low
Agricultural Mortgage Rank (Col)s—
A20-year
7s
April 1948
Bank
Week's Range
Last
Period
Week's Range
Last
Par
A20-yeai 7s_
Bogota (uue Mortgage
Friday
Interest
Low
;::y^'■'P'??:"- BOW BRVv'
York
.
Ponds
New Fork Curb
Exchange
27%
OTHER STOCK EXCHANGES
Quotations for Friday, July 12
—
Baltimore Stock
STOCKS
Friday
Exchange
Week'*
Last
Range
Preferred
Eastern
28%
28%
10%
11 %
616
46%
46%
50
247
63
63
common V
vtc
Eisenberg
Brager
Inc
1
Sugars Assoc com
Xv'V/''.V'
^
'
Feb
2
Pennsylvania
13% May
Feb
4%
28
55% May
52% Mar
63
15
16
117
15
Jun
19%
105
40
Jun
58
5s
A^
II
4^
169
103% 103%
2
33%
1
50
33%
49%
Jan
58
106
Jun
31 % Mar
37
Jan
167
50%
70c
630
Union Twist
May
98% Mar
25
11
50%
16%
23
1975
94
A_
95%
100
Feb
Vernon-Woodbury Mills Inc—
4% 20-yr debentures (subordinated)
87
7,000
54
Jan
94
1,800
102% 102%
Boston Stock
STOCKS
102
Week's
Range
United
ptlr
Low
-■
ii
v
Anaconda. Copper
95%
!.>.»■ *
■
Son
Boston A
Inc
Albany
RR
101
Mar
103
July
Drug
ElevatOd
Boston
Herald Traveler
Inc
Boston. &
Maine
Common
7%
Eastern
4%%
Fuel
v;
pfd
•Class
Group
^
Jan
60
22
189
Feb
July
136
Jan
53%
1,499
44
Mar
81%
289
80
Feb
43%
95
8%
Feb
37
50
Hole
100
673/4
-326
12
210
14
110
16%
239
.
13%
150
19
19
17%
200
9%
__
9
'
July
65
July
12
July
13% July
15
May
13% July
18
May
112
9
103%
38%
25
200%
17
51%
53%
3,958
14%
220
14% Jun
18 % May
78%
Jan
85
46%
Jan
49 % May
79% May
83%
423/4
Aetna
Ball
Laboratories
American
Apr
55
Jun
86 3/4
550
210
63%
64%
51
63% July
83%
Feb
144% 144%
10
144% July
155%
Apr
100
144%
•
20%
*
58
Week's
low
37%
Jan
7
127
&
Co
32
105
103% Feb
30 % Jan
200
Low
High
190
173/4 Jan
14%
15
20% July
200
10
650
14% Jun
9% Mar
mj,
12%
400
10% Jan
20%
20%
150
19
10
93/4
1
l23/a
100
127
127
100
1973/a
1973/a 1973/a
173/4
127
17
43/4
18%
22%
Jan
23
Belden
Jan
Mfg Co
Rights wi
Borg
525
1,262
80
Feb
1%
Jan
223/4
223/4
100
3
47
3%
*
69
I
^.1'
10
~
25
3
Jan
58%
217
48
Jan
10%
46%
36%
67
70
21
24%
350
48
35%
_*
,
21
77c
10
96
25%
165
223%
158
75C
78C
5,100
42% July
4% Jun
850
12% Mar
17%
550
20% Jan
29% Jun
18V*
56%
56V2
50
49
49%
250
17
Jan
20% May
75c May
100
.2.50
126
126
126
"134
130
134
mm
1%
1%
,30
120"
1,940
76
127
75c
4%
60%
Feb
:
48
19
79%
21
1,050
Apr
Jan
1% Jan
Consolidated
•Cosumers
132
136% Jun
2 % Feb
Mar
pfd-L_*£'g; w
Biscuit
Co'.vtc
Decker
(Alf)
&
150
203/a
-Apr
39
33% Jan
X107
113
800
25
10% Jan
15% May
70
115
Feb
124%
184
Jan
211
13%
143/a
9,800
653/4
1,450
59
v Jan
-.40
-26
July
20% Jun
26
26
^1
8
21%
13 Vi
200
21%
20.^/ 35%
21%
7'/a
300
14%
Jan
20
35%
35%
2,900
22%
650
50
50
50 w
45
Jan
25'fr
3Q
20 :
Janh
fQ
com
§-
~36
34%
36
5%
i'T/^5%
6
300
~
Eddy^Paper"Corp^CThfe)_wI-—80
Electric Household Util
Corp
l> 28
25
Jan
5% Jan
" 90
29%
Apr
36%
Jun
*6% Feb
,
vv* v'\..
25%
<
1,200
"
300
;■
i
52
32%May
-
.
85 *
28-
25
-
Jan
Apr
36
H-
23
1,150
•.
Apr
25%
•
21%
^f.,^25.%
Jun
653/4 May
Jan
27% May
-32
18% Feb
3i% Feb
'
Feb
July
17% Jun
8% Feb
700
13%
Mar
13
Feb
Feb
1,570
*
Apr
Jan
53/4
•
Jan
May
50%
Feb
3% Mar
21
Jan
1,100
Jun
27%
Jan
65%
»
com
vtc class.B
::
103/4 Jan
22
25%
653/a
26
m
-
'
100
—
Domestic Industries inc class
A,
.
May
13%
common
Inc
May
51
' 13%
partic pfd—
Cohn
22
66
Mar
i:%ia%
common
^Common part shs
k'-j
jan
-
(The) Co Inc——
Commonwealth. Edison common—
July
253/a
Power & Light
Feb
15% Jan
400
13
211
Feb
40% Mar
39
550
119% 120
211'
Coleman
Apr
SO
12%
—*>^119%
—vr^2il
1
gClub Aluminum Products Co
Apr
Feb
Jan
%
380
-
Elgiif
•
153/a
28%
__
Convertible preferred
1
Chicago Elec Mfg class A pfd
Chicago & Southern Air Lines
223/4 July
& Elec Assn—
314.
15
28
300
States
l%July
$,r 1S%
1
£:
13Va,#'23
common
i-.—i—i
Chicago Corp
•
14% Mar
July
20 % May
;■
Central
58% Jan
31% May
Feb
67
25
Preferred
l%July
;|28
.v'j 18%
5
Central S W Util common—
Prior
lien
preferred
Feb
Jun
29%
260
24%
413A Apr
Feb
22% July
49 % May
26% Jan
1
1Q;'|| 46
49
48
pfd
»ifTll%
111% 112%
Corp common—4%
4%
pfd/^i.——
; 22
22"
Convertible
Jan
—1
Central Hi Secur
46% July
119
-
22 Va
;Cos_».__M___M»MM.l
17% Mar
Jan
(A M) common
Illinois Pub Serv $6
'
8%
Jan
peb
Jun
14%
Mar
19J/2
400
Castle & Co
51%
10%
34%
22
6,700
Jun
42% Apr
300
150
100
1%
36%
Apr
22 Vi
200
46
24%
1%
100
17% ' 183/a
23
23
47
71/2
6% Apr
9% Jan
24
1%
22
36*A
120
44% Feb
Jan
950
1,400
Feb
20%
Mar
45
10
(George W) Corp—_—.1
Piston Ring
6%
10%
15
22
;
Burton-Dixie Corp
Butler Brother* -.——
Apr
70% May
Feb
43%
10
83/4
134
Jan
4ya Jun
9%
Feb
25% May
199% May
18% May
12%
__
104% May
Jan
42%
10
page
common
14%
1243/4 Jun
550
6%
^
Jan
13% Jan
Mar
—
?
Brewing Corp—c.—
Binks Mfg Co capital
Feb
4%
100
see
5
Berghoff
413/4 Jun
25
40%
common.i!l.i.____100
New England Tel A Tel
Butte Mining
9%
Feb
54%
67
57%
North
6V4
&
Seelig class A com
Bastian-BJessing Co common
Jan
25
Barlow
17%
^—3
Aviation Corp (Delaware)..—
common
20%
.
185% Feb
2,100
47/8
17%
4
Jan
Washer
10
100
183/a
43/4
__8
Jan
46
4%
is
preferred
!
Jan
Central
37%
Jun
May
20
1
21
18% Apr
35% Jun
32% Feb
25
47%
66
-393A Jan
Range Slnee January 1
High
—0
common——
20 3/t
53/4 Mar
37%
23%
,
'
20
'
—
—*
(E J) capital
Bruce Co (E L) common
62%
Jan
Sales
Shares
5.
;
Public Service pfd—,
91
99
34%
32% Mar
Apr
for Week
*
Automatic
175
34%
18
49% Feb
Range
15
common
Feb
Feb
36%
112
150
of Prices
*
Bearing common—i
103/a
26%
20
20
64% Mar
665
60
34%
Friday
Asbestos Mfg Co common—
Jun
45
12%
36%
32
22%
58
33%
12%
American Tel & Tel Co
capital
Armour
May
Jan
44
423/4
July
833/4
253/a May
150
8%
116
116
Jun
14 Vi
Par
20% May
;42%
♦
Mach Co
Nash-Kelvinator
footnotes
6%
Jun
52 3%
53 %
50
(J D) Mfg common—
Auimral
Corp common
Advanced Alum Castings
70% Jun
51% Feb
Feb
46%
Narragansett RaCg Assh
England Gas
45
48%
71%
Adams
Jun
124
40
103% 1033/4
.
•
•
Works—^
Merg'enthaler Linotype
Mullins Mfg Corp class
Service'
49
12% July
40
48
Smelting Ref & Min„_
Athey Products capital
7
'
60%
Mathieson Alkali
For
43%
17%
1
:
———
Maine Central' RR
5% preferred
5%%
220
23
13%
19
cpmmoh_._i.__—*
Assoc
Service
Public
isle RoyaleCopper—__
New
Jan
48 Vi
16
__
Keju\ecott Coppeir
National;
30 Ve
65
•
-
Electric
b
185%
396
12
100
adjustment———.
Button
Mar
Last
Burd
Hathaway Bakeries class ^r.
Int'l
1,564
62%
13%
100
Gillette 8afety Razor Co
■
65
Firs* National Stores-*—
General
f.
39
Sale Price
Street Ry-r
Eastern S3 Lines Inc
Employers
Engineers
43
19% Feb
233/4 Apr
83
Brach & Sons
.100
1st pfd series A—
5%.
41%
Jun
687'a
Waldorf System Inc.!
(S D)
Co
Associates—
', fcoinmon
6%
;§■
10
._.
prior preferred—
Eastern Mass
•
* Jan
38% Jan
50% Jun
25
Warren
Feb
.8%
-
.
5
\
A
7
_10
Jun
533/,
80%
100
___.___.iuu
Hecla
Gas
18% Feb
40
RR—
stamped
&
52%
19% Mar
52%
81
•
5% class A 1st pfd
__i»;
100
Stamped
*1i_«_«r,i^._100 '
8% class B 1st pfd stamped.j_~._100
7% class C 1st pfd stamped
100
10% class D 1st pfd stamped
100
Boston Persontd- Prop
Tirusti-*^-.—
*
Calumet
38% Mar
43
„yi-,. -^,.,.^,..^>100
prior preferred...
Cities Service
180
140
'143% 144%
Feb
Jan
14%.
5
'
Allied
100
Corp
16
137
12%
49
28
High
53%
22
53%
Ry—
LOW
46%
—
6%
4
52%
STOCKS
66%
-
Edison
Boston
191
203/4
41
•
Vermont & Mass Ry Co
July
48*%
J
;—♦
...
Boston
,
■
:
17
12%
Range Since January 1
High
197% 199 Vs
57%
■
,50
-1
&
3% Jan
1% Apr
•
16%
5
United Shoe Mach common
6% preferred
Jun
Jan
52%
197
■
Bird
16%
•
Co
United-Rexall
Apr
48%
100
Tel——....—.-lOU
American' Woolen
700
Apr
47% Apr
47% Feb
Chicago Stock Exchange
Share*
;
A
100
2%
20%
I
Drill—
Fruit
for Week
nf Price*
.
American Agri Chemical
Tel
4%
2%
___■*
:
Sales
Last
Sale Price
Sugar Refining com
4Ve
—»
Exchange
Friday
,
American
4%
16
-
Westinghouse Electric Corp
American
39%
High
Jan
40% Jun
39% May
1.30 Mar
47% Jan
$51,000
101
Mt
:
816
40%
28
U S Rubber
4s
41
3
165
^_10
t
'
Suburban Elec Securities com_,
U S
series
-
403/4
Jan
■
Bait Transit Co
<;•*
LOW
100
40%
50
Shawmut Association
Stone A Webster Inn
Bond*—
i
9
Range Since Jannary 1
High
9
RR
t
Jan
40
25c
.
Low
•
Quincy Mining Co
Reece Folding Machine
July
40
—
U 8 Fidelity & Guar
Share*
31% May
16
100
Co..
for Week
100
RR_,
Pacific Mills common
High
Jan
40
20
prior preferred
New Amsterdam CasualtyOil
63
25
Colony
Torrington Co
cum
American
205
1
Mt Vernon-Woodbury Mills-—
Common
North
28%
10
vtc
Fidelity & Guar Fire Corp
6.75%
Low
100
Transit Co
Bait
Old
Range Since January 1
High
——•
Sale*
Range
of Prices
Par
Shares
Low
Week's
Last
for Week
of Prices
Par
Friday
Sale Price
Sales
Bale Price
Arundel Corporation
STOCKS
85
34
48% Jan
21V2 Jan
24% Jun
.
July
May
30% Apr
'
"...
Flour Mills of America Tne
.Four-wheel Drive Auto-—_CH—vFox (Peter)
Brewing common___rr_l%«"
1:.
H
.
.
-
12
14*
14%
45
..
' 350
150
-48%
-—
,..
6,550
.
*
.-'v>-
^,.vv
8% IJay
14
July,,,
27% ■ AP.r
^•
1
"12% Jun
,27
Feb
49 Vi Jufy
——
■
:
-
■
■
,t
-
-«
i
V,
«*••>•
V
Volume 164
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4507
307
OTHER STOCK EXCHANGES
RANGE FOB WEEK ENDING JULY 12
STOCKS
Friday
Finance
Corp common
General Motors Corp commccj
Gibson Refrigerator Co common
Low
STOCKS—
Shares
Low
14%
14% "
70
70
Safety
Goldblatt
Razor
High
Socony Vacuum
Bros
Inc
Goodyear Tire
Gossard
Co
Rubber
&
(H
common
12 Va
Jan
16%
Feb
Standard Brands
70%
800
69 %
Jun
79%
Feb
Standard
Oil
10
Standard
10V4
11%
1,600
—
38%» 38%
100'
W)
Great Lakes D &
•
Jun
14%
Jan
24% Jan
42%
Apr
Hein
17
Motor
30 %
Hormel
&
Co
(Geo)
Hupp
Motors
Indep
Pneum Tool
Steel
Katz
Jun
21
Jun
22%
22 %
22%
,28%
100
20%
22%
29%
22%
200
17%
29
150
Apr
16% Jan
24% Feb
28%
33
Prod
70
10
55%
Jan
75
44
9%
44
9%
10
100
40V2
Jan
44
May
10%
26
300
25
July
Drug Co
!
11%
11%
&
Co
3o0
22%
8
Jan
Jan
25%
.
38
Wilson
32%
300
28 % Mar
36
13
Jan
30
480
6
Jan
80
27
Mar
Cn
<v.
5%
—
50
common
«...
•
rommnn
Mills
Flour
4%
of America
income
15%
45
21%
21%
•
23%
1,000
14%
14
—
14%
150
12%
Jan
Jan
19%
Feb
250
19
Jan
41
11%
Jan
15 V8
13Va
31%
32
McWilliams
Dredging Co
Field
Marshall
Mtddle
West
Miller
,
&
Co
<Sc
Hart
Inc
Mfg
Monroe
lllVa
Pressure
Noblitt-Sparks Ind Inc
North
American
Northwest
Car
35% May
13
38%
Apr
24
50
21%
20% July
Mfg
Parker
Pen Co
16%
22
Mar
Cincinnati
6%
25%
25%
27
107/s
800
20%
Jan
31% May
11% May
Cincinnati
Telephone
18
18
18
100
5% Jan
14% Jan
Cincinnati
Union
47
300
45
47
1,950
19
May
Jun
51
9
Jun
Jan
103
32%
20
31
May
36
Feb
88
50
40
Jan
88
Jun
Formica
*0
*6
100
45
May
50
Jan
27 %■
27 %
12
72%
56
new__25
!
RR
8
12%
12%
19% Mar
37
32
Feb
Jan
29 %
Dow
Yards
(The)
Service
Quaker Oats Co
it a in
1
common
of
Colo
65
*•<■-
common
Packing common
Sears Roebuck & Co capital
Serrick Corp class B common
*
May
May
May
Preferred
Signode
Steel
Strap Co
•
South Bend Lathe Works
Spiegel
Inc
Standard
id
xl8%-
com___:.
Sinclair Oil Corp
Dredge
preferred
Common
20
'
.
70
9%
40
-102% ?aa
114
Motors
600
Apr
12%
Jan
9%
35
700
600
Jan
37% July
July
16% Apr
16% Apr
20%
47
July
46% '47
300
33
Mar
29%
2,400
21
Feb
26'%
26%
100
25
Jan
6
Jan
39%
Apr
28
Feb
Standard Oil of Ind capital
_10
46%
46%
46%
500
37% Feb
49% May
8%
Feb
23%
23%
200
2»% May
26%
30'/8
30%
50
21
Jan
36
Jun
*
43
43
43
50
38
Mar
45
5
32%
32 %
33
1,500
18%
Feb
40
40%
500
37% Jan
41
36%
450
25%
Jan
40'
59
59 %
210
51%
Jan
112% 112 %
100
101%
Feb
•
—
6
33%
__
112%
*
• !
5
89
Wisconsin
Banksnares
Yates-American
Unlisted
89
91%
500
Jun
Machine
32%
*
U
15 Va
11%
S
S
1
Raaiator &
American
Rolling
St
San
com-.
Mill
15 Va
11%
79% Jan
97%
800
32% Mar
100
104% Jan
106
Jun
19
300
15
200
Id
6%
100
39 Va
Mar
Continental Motors
39%
1
•
20 %
500
18
39
40%
600
47%
48%
400
7%
31%
Jan
.—l.
23
110
Jan
94% Jan
25
25%
1,308
11%
12%
17%
1
.
" A-
k
106
City
*
-
Jan
500
17%
300
16% Jun
500
20% Apr
12 % Feb
7
Apr
14
46
10%
1.
4
;
Nash-Kelvinator
1Q% .11%
47
16%
July
Apr
1,100
45%. May
51% Feb
1,100
10% Apr
13%
7%
7%
7%
400
9
.
66%
—
6%
52
,
-
.
-
22
Apr
23
10
11%
Apr
9
8%
—,
34 V2
72
13
13
„
Jan
80
9
30
67
330
6%
52%
13'
~
131/2'
61%
Feb
71
5% May
65
8%
Jan
32
84
--1-* 62
Jan
,May.
14
Apr"
11% May
.11
Janj!
v
8% July
8% July
42
52%
^
—-
39" "
40%
39
34 %
Apr
Feb
Jun
57
50
Jan
53% Mar
12
Jan
13%
27%
-
34%
11%
12
238
75
Jan
Feb
40% July
26% Mar
28% Jan
32
41%
42
9%
163
Jun
May
'
.10
Motors
70%
71%
Pure Oil
26%
46%
155
26%
Standard Brands
46%
14
Jan
80-
Jan
69% Jun
25
20
Jan*
f-
28% May
Mar
""
22%
capital—.
24%
lio
23
24%
25%
—
Friday
Brass
Manufacturing
Ice
50c
& Tel
Fuel
&
Cliffs
*
_•
*
I
5
Graphite Bronze
-
for Week
High
8%
-270
58
34%
103
all2
34%
104 %
all2
-
105
210
4
Gas
90
31 %
2,906
a52V« a53%
12
4
Natural
a69% a69%
a60% a60%
18
25
30
30
: X Hioh
Irem
8%
al98%al99%
—
Bange 8hice January!
Shares
15
(Un)
Corp
Consolidated
Lota
100
Cleveland Cliffs Iron preferred
Elec Ilium 4V2%
pfd
Manufacturing
Electric
Controller
Railroad
8
Mar
9% Jun
185 %
Feb
200% Jun
-
28%
44% Jun
Jan
96
Feb
104 y4 July
113%
109% Jun.
57% Jan
Jan
77
Jan
* May
34% Feb
42%
Jan
6Qv,May
58 %
Apr
71
Feb
Feb
75
23 Va
Apr
26%
General Electric
General
•
(Un)—
Jun
Co
Bros
110
66
Jan
221
Feb
52
Jan
45
Jan
83% Apr
(Un)
80
69 %
Jun
80% Jan
a54%a55Va
110
-37%
Feb
60
a49% a49%
25
36%
a66%
15
58%
*
100
common—
—
a66
*
*
Towing
May
a70% a71Va
Stores
Lakes
65
16
3
Goodyear Tire & Rubber common
Gray Drug
200
10
—
common
16%
a46% a47
»'
69
16%
a73% a74'/e
16%
23
(Un)
Motors
Glidden
69
*
(Un)
Firestone Tire & Rubber
Jun
56% Jun
Jan
77
Jan
Apr
—
29
29%
744
22 Va
Jan
32% May
33
29%
35%
647
30%
Feb
39
Jun
(M
31
Jan
61
May
Jan
Harbauer
25% Jan
Interlake
35
Jones
Jan,
&
42
5
common
A)
Co
42%
83
al09
153
53% Apr
105% Jan
•
4%%
13
13
69
11% Mar
*
*
44
44
42
41
237
40
1,080
14
22
Apr
16%
Jan
25
Apr
22% May:
*
preferred
53%
_—
Steamship
Laughlin-—
al08
53%
a49% a51%
170
Kelley Island Lime & Trans
•
15
15
10% May;
McKay Machine
22%
20%
22%
25
Metropolitan Paving Brick
*
•
22%
32
Jun
20%
20%
250
National Acme
1
—
37
Apr.
55% May
al08
50
Preferred
8% May
441
34
Range
of Prices
Far
American Tel
Sales
Week's
Last
Sale Priee
24% July
1,000
'
53% May'
Feb
*''j~m;■
Cleveland Slock Exchange
20% May
400
"41%
34
-i,a v
38% Feb
-5
North American, Ca__
11% Jun
28%
20% Feb
7% May
-1
Corp
New York Central RR
65% May
Jan
6
15%
109%
Apr
13
Jun
45%
Feb
Mar
53%
Feb
May
17% Jan
Jan
-
'
Packard; -Motor .CaV-:-.-»■'
Pan
Amer
Airways Corp
Paramount Pictures
Pepsi-Cola
Pullman
(The)-
9% ; 9%
17% 18%
32%
32 Va
9%
1,60(1
800
;•1"
Co—.—__
•
.
37%.
200
;
—
May
,
82% May.
•
iv
' '>
32% July
37% July,
National
Feb
67
N
Feb
28% May
26%
26%-
400-
20
14%
14%
500-
14% July;
19
•
Radio-Keith-Orpheum
i
Republic Steel Corp common
•
14%
21%
Jun
39
30
Jan
For
footnotes
see
page
314.
Tile
—-—--—
&
Y Central RR
*
*
*
Mfg
(Un)
a38% a38%
30
32% Jan
il% May
.
5%
5%
a25
6%
a25
568
5% July
8Vs
25
24% May
35%
Jan
41%
Jun
a38% a40%
19
a4CT
a40
Ml%
a41Va
45
14%
150
34%
Jan
Apr
28
38%
'
-
Feb
-—'
,:
ioo:
:
Ohio
Brass
class
B
—
r'L-
;
Radio Corp of America common
Apr
59%
•
common
9
17% July
58%:&nt
'L- / 33
Incorporated
Pure 'Oil- Co
17%
.
2%
:
Jun
Jan
'
General
Hanna
common
23
11%
——
General Tire & Rubber common
46
.Light
44%
Jan
25% July
13% May
1
Motors^———-
146
f
Cleveland
•
Oct
(Glenn L) Co
52
Fuel
Ice &
Halle
Martin
Mar
52
58%
38%
Columbia Gas
Feb
18% Apr
11% May -
13% Jan
Gas
49
-25
Rolling MilL
Great
Laciede
13% Jan
10
52
57%
57 Va
Service
Cities
Cleveland
7%
7%
''
•
Farna worth Television- & Radio—'
Graham-Paige
Mar
Jan
57
11
'
UnlistedAmerican
Apr
40% July
51% Feb
Apr
43%, Jan
104
1
—
I,.
Oeneral" Electric
56% May
11
Jan
13% May
6% May
•
Columbia Gas & Electric
'fSnrtHmwWrtglwr
53 % July
103
*
Jan
15%
•
—
Jan
70- 'Mar
37
220
50
Erie
Certain-teed Products
29% May
13
*
Printing
Eaton
Steel Corp common.
24% Mar
55
Jan
20
*
Anaconda Copper Mining
50
Atcb Top & Santa Fe.Ry com—,—. 100
Bethlehem
19%
100
13
•
B
May
Feb
34
11%
6%
10.
1
230
35
53%
10
City
Corp
28 V2
65 Va
Preferred
Akron
capital
Feb
Apr
May''
61% May
120
i06
32%
106
—
•
common^
13
35
51
34% July
Stocks—
Alleghany
American
12%
,
prior pfd
Jan
Jan
65%
STOCKS
•
cum
12
27%
35
*
Gamble
Westinghouse Elec & Mfg—•
Common
13%
21%
Apr
May
__
208 South La Salle Street Corp com—.*
Wieboldt Stores Inc
June
Feb
33%
25
—
May
Mar
13
July
5
10
Union Carbide & Carbon capital
U S Steel1 common
106
89
10%
15 %
13
13
Western Bank
Jan
17% Mar
common
May
Jan
20%
12% July
(The)
20
35
—,_10
...
49%
Jan
900
capital
Jan
156
17
*
—
Preferred
36
1,600
Co
15
16%
23
class
7%
Swift & Co
Feb
14
73
15
23
&
14%
Trane
104% 104%
*
Procter
7
Sundstrand Machine Tool common
115
100
Randall
14
common
26
Jan
100
Jan
7
Corp
Mar
624
11 Va
July
14
Sunbeam
17%
33
33%
1
Stewart-Warner C'orp .common
Storkline Fur Corp common
17
17 Va
15
109%
86
11 Va
July
1
u—_
Forgings
Jun
110%
32
30% Mar
450
18 %
Jun
common
Standard
100
25
110
•
National Pumps
7
28 Va
—
Jun
25
25
•
Feb
127
39% July
—
2
17 V4
Lunkenheimer
Manischewitz
28%
5
cap
common
Jan
Leonard
Feb
19%
.18 18%
12%
•
47%
800
12
15
50
May
44%
*37%
17
*
40
60
35
July
17
Feb
32%
11%
11 v*
v.35
May
17
*
24 %
44%
44%
1
—
27
Feb
*
;
Apr
200
*
Apr
14
*
Hobart class A
22%
32%
__
•
Shellmar Prod Corp common—
110% 114
-J-
10
17%
39
10
Insulation
Jan
150
7%
10
16%
May
16
Feb
8% Mar
550
40
24%
16%
*
108%
40%
7
24%
*
60
23%
39%
20
com
171
*
Drug
Meteor
Potter Co
Public
46% Jan
44%
Kroger
150
40
„
14
40
950
12%
116
High
40% Mar
43%
Jun
10% Apr
50
Sincci January 1
Low
t-j
May
Jun
23%
10.
1,900
23 %
—
50
12%
56
115
115
10
capital
-
Range
High
May
25%
700
27
—
6V4
100
32'/a
26%
Low
43 %
50
Stock
Gibson Art
31
—
Sales
Shares
50
Eagle-Picher
88
46
500
32%
__
92%
12
A
Jun
»240
■
May
Jan
50
91%
—
100
class
Mar
for Week
100
Crosley Motors
8%
1
Switch
192
Exchage
Week's
of Prices
*
Cincinnati Street
10
2%
preferred
Elec
Pennsylvania
\
Prod
Cincinnati Gas & Elec pfd
-
Com Co ciass B com
reaouay
Penn
f
Advertising
57% Apr
23% Feb
20
common
Jjiiy
*
Churngold
Jan
39% Feb
20
Apr
common
(The)
20%
JW
•
400
5
common
Apr
100
Brewing
Burger
Kahn
Oak
Jan
17
$2,000
Bange
20
Brummell
Beau
300
common—2
Nunn Bush Shoe common
May
6% May
86 y4 Apr
May
Jan
50
49
*
capital
38% July
Apr
11% Mar
650
Machinery
23
*
common
Bancorp
1,050,
2G%
Laundry
American
8%
common
Cooker
35%
May
49
*
Muskegon Mot Spec class A
National
1,800
21%
common
Montgomery Ward & Co
235
Sale Price
Feb
10%
(
Co
May
1,500
Last
22%
10
common
Chemical
5
800
20%
235
Friday
I
$1 prior preferred
Modine
APr
66 V*
Cincinnati Stock
22%
x49
•
5%
19%
—
STOCKS
1
;
vtc
common
13%
32%
20%
20%
*
common
common...
Food'Prod com
Corp capital
Mickelberry's
—
5
^
38
34%
1
com-
V?
:
notes™..—I960
15% Mar
110
36
•
Chemical
22% May
14
i'-t
23% July
30
110% 111
—
•
common
19 % May
27% Feb
2,000
——
Inc—
sub
conv
21% May
58% May
15%
44
15%
—
Lindsay
&
May
May
13%
Light
7T%
May
500
7
Material
Feb
BONDS—
Jun
24
Llbby McNeil & Libby common-Lincoln Printing Co common
Line
Jun
62%
300?'
~
.-V
Jan
31%
100
common
12
-
18%
0 ■■
Apr
27
Corp
Far
Leath
78%
Ik
I
•
United
23
1
1
77%
■
High
Apr
^
•
•
r:
15
;
U S Rubber Co
31%
•
Kellogg Switchboard common
Kentucky Util 6% pfd
77%
'
•
1
1
Corp common
Mar
71
23
•
common
im,*. :
—
25
2,700
26 % July
—
1
pfd
$6
•
J
Bang# since January f
tOW
18%
Jun
25%
__
—
Power
N
17%
Jun
—
—
com
of
17%
Jun
,-
—
1
common
15
-
common
Oil Corp
Sunray
May
70
—
*
Warrants
Interstate
66%
250
(new)
Indianapolis Power & Light
lnaiana
100
24
8
(new)
common
66%
23
25
class A__
com
66%
;-l
common
Shares
High
Jun
Feb
23
—
10
Parts.
Spencer Bartlett
2oj/4
•
D common
Corp common
Brewing Co G capital
Werner
Hibb
2t»%
•
common—*
common
Harnischfeger
Heileman
26%
Inc
Steel Spring
'10%
•
.
Oil Co
50
1
common
for Week
Low
ttcuaeoaker
Gillette
Range
of Prices
Bale PriN
Range Since January 1
High
—
1
10
Last
Sales
for Week
Range
of Prices
Par
General
Week's
0
Last
Sale Price
Jan,
Apr
40% July
Pennsylvania RR
Radio Corp
(Un)
of Amer (Un)
i
50
*
—
—.
..
14%
40
May
14% Jun-
47% Ffeb
,19
,
Jan,
THE COMMERCIAi; & FINANCIAL CHRONICLE
Monday; July 15, 104$;
OTHER STOCK EXCHANGES
RANGE FOB WEEK ENDING JULY 12
Last
Range
Sales
for Week
8ale Price
of Prices
Week's
Shares
Friday
STOCKS
Reliance Electric
LOW
a265/a a26%
& Eng
Bange Since January l
High
Low
/
25
5
COMPLETE INVESTMENT
High
34%
May
FAIRMAN & CO.
Jan
a38JA a39J/4
280
29%
Jan
40%
Feb
60J/4
611/2
864
51%
Feb
63
Jun
10
30
30
20% Mar
30
July
Thompson Products Inc common
*
U « Steel (Un)-~----~.~™-~~A
49
AND
BROKERAGE
69% Jun
a90
Republic
Steel
Rlchman
Bros
•
(Un)
of Ohio common
Standard Oil
60 »/4
*
—
Mar
79%
Listed— Unlisted Issues
97% Feb
Jan
Direct Private Wires to
145
4%'
39
—•
—
20
206
J/4 a93 J/8
4%
—-,2
*
Youngstown Sheet & Tube common—*
Youngstow^ Steel Door (Un)
,—,*
Warren Refining & Chem
World Publishing
315
a68'/a a68J/2
FACILITIES
Member Los Angeles Stock exchange
a80% a82 Va
a28
■
39
Feb
24
262
ALLEN & CO., NEW YORK
:
.
SCHWABACHER & CO., SAN FRANCISCO
July
83% Jun
61% Mar
25
5
a28
5% Jan
4J/s Mar
25
39
West 7th Street —LOS ANGELES
210
Jan
31
Jan
stocks-
Friday
Week's
14
—TRinity 4121
Sales
Last
Bange
for Week
Sale Price
of Prices
Shares
High
Watling, Lerchen Sl Go.
Members
-
Electrical Products Corp..
4
15%
15
Exeter OU Co, Ltd class
1
>2.15
,1.95
2.60
a360
a360-
Farmers & Merchants Naol Bank —100
■
Farnswortb Television
New York Curb Associate
New Yerk Stock Exchange
Fltzsimmons
Chicago Stock Exchange
Detroit Stock Exchange
Garrett
Corp
6c
Radio..
clas?
m r,
Holly
Development
Defroif Slock Exchange
Week's
STOCKS
Bange r for Week
Shares
Sale Price
5
.
Briggs Mfg _.
Brown, McLaren
Burroughs Adding Machine-
July
19
Jan
47
Mar
53
840
200
3ya May
16% Mar
220
21%
Nordon
Feb
1,500
7
Apr
1,175
25
Jan
28
Apr
2
26%
30
1,006
23
Mar
30
Juljf
6
200
3%
825
Detroit
Steel Corp
6
1
3
Ale
Friars
Gemmer
General
4 J/a Mar
Feb
class
6% Feb
2% Mar
4
\u
Motors
235
16
Mar
23
July
572
70 J/4 May
80
Jan
7%
YZ
3,340
:.7%
Goebel Brewing
Graham-Paige
Hurd Lock & Mfg
7%
11%
517
—.
Jan
5
200
10%
—.
6
,
10 J/a
100
7%
8
Mar
8% Jun
8% Feb
Jan
15% Jan
Jan
15
—
2
3%
Co
6%
Apr
925
3 J/4
5,100
100
2%
17%
17%
4
.2
4%
0%
7%
i
7% '
Prudential Investment
4
125
5%
5%
9
14%
14%
100
4%
4 J/2
5J/4
1,570
,♦
:
2%
17
1,060
1
Brewing
7J/2
838
9%
1
common
Peninsular Metal Products
Pfeiffer
230
3%
2%
Pack&rd "Motor CatChemical
Jan
—I
;
———
Nationals tamping
Park
Apr
8%
7
'
2%
100
10
McClanahan Oil common
Murray Corp
7
1
Products
Screw
Masco
—
735
10
10
100
3%
—.1
Lakey Foundry.& Mach—
LaSalle Wines
7%
3
-
Rlckel
(H W) CO
River Raisin Paper
7%
Feb
J un
9 J/4
Corporation, Ltd
Northrop Aircraft, Inc
4
Occidental
Petroleum
Oil
Oceanic
6%
Co
583
4
3% Jan
5
12% Feb
Jan
7 J/2 July
7
Jan
410
11
600
10
6%
6 J/4
100
6 J/4
July
26J/4
26%
570
25 J/4
Jun
61/a
6%
1,375
Tivoli Brewing
X
5
Jan
6% Feb
8% Feb
Mar
"
Feb
4%
Apr
18%
Jan
16
Apr
12%
10
May
May
18 J/4
common
Jan
5
Jun
12%
new
.
,
Gas
& Elec
common
Udylite
1
common
Shirt
United
Distributors
Warner Aircraft
15%
*
13%
Jan
19'A Jun
9%
Jan
26% July
Mar
8
common
Wayne Screw Products
16J/4
570
11% Mar
8
Jan
8% Jan
950
9 J/a Mar
4%
505
4%
3i/a
com—
Rice
Oil
''V
3J/4
200
3% May
Friday, >'tf .Week's
Bange
Per
Jun
6% May
.:
4
Apr
Mfg Corp
50c
fiandlnt Petroleum Co
Barker Bros. Corp.
1
common
-.10
-
Safeway
Stores,
Roebuck
Security
1.40
Berkey & Gay Furniture Co
Diamond
Corp
Chlca
Oil Corp.
.
■
Inc
&
60
37
,
•
page
314.
17%1;17%
a20J/a a20%
i
'
;
26%
m
&84%
//;////
37y2
26%
38%
27%
a84% a86%
25
37c
8,700
Jun1
20% Jan
Feb
2.30 Jun
42%
Jan
Jan
1.75 Apr
43/4 July
% Jun
8%
Jan
% July
Feb
75c
Jan
10% Apr
Jan
1.50 Jan
Jun
8%
8%
515
1.10
100
25c
4,900
13
210
11% Feb
15% Apr
45c
Mar
75c
1.25
Apr
B
1.00
17c
52 %C
52 %C
55c
900
1.75
1.75
2.15
19,390
44%
44%
533
45%
453/s
453/4
239
423/4
40%
40%
190
39
a64% a65%
200
50
12%
25
—
9%
Sinclair
Oil
37c
Apr
Jan
Jan
2.70 Feb
55
Jan
May
"
Jun
July
1.45 July
:
:7
,99.
120
199-
200
17%
Feb
20%
26%
275
21
Feb
39%
628
26% July
39% Jan
33% Feb
30% Mar
65%
261
55% Mar
69"% Jun
553/«
1,174
42% Feb
59
May
12
1,515
7% Feb
14
May
a25% a25%
15
18% Mar
16% Feb
"l9
19
193/4
1,015
a46% a46%
a46%
10
27%
273/4
940
23% Feb
23%
23%
100
21
Jan
2?i/a
15
15%
400
14%
Jun
17% Feb
32
33
120
62%c 62 %c
300
15
--
10
a7%
1
Stan
•■■■■i/•
31
15,000
-
a47 a48%
2,240
110
..13
Company
16%
a32 a32%
.
——
a49
-.5
..15
Borg-Warner
—J5'
Corp—.—.——...
I
Co
....
Caterpillar Tractor Co
Cities
Service
a26% a26%
Mar
39%
'
V4-'
Commonwealth
■
;• '•
•
;
•
& Southern Corp
Vultee Aircraft Corp-—
Continental Motors Corp..—
Cons
-i;V; :;'i
54% May
73% Mar
22% Feb
51% May
78% May
26%
41
620
18% May
335
45
39%
39%
80;
513
-
210
a28J/4 a29 Va
__
33% Mar
Jan
•
100
a36
55
5
1,534
»25
*25
al7% al7%
45
a35%.
;
503/4 Apr
112% Feb
Jaii
19%
19
a78%a78%
Commonwealth Edison Co.......—.25
■
33
523/4
Jun
May
38% Jan
Jun
a51J/a a52%
-
50
,.-e8-.-.Feh..':/
80
130
Feb
14% Feb
30% Mar
49
v
50
a53»4 a53%
a54%a55%
__
.10
Co
90 4
50
-
119%
9% Jan
140
a54%
-
70-
a49
—
Borden Company
.
Feb
^18% May//
109 / Jan
34% Feb
283
alll%all2%
^
81
43% Jan
12% Jan <
310
18%
—
23
:•%:
...
—5
Corp
Bethlehem steel Corp
J
Feb
2.80 Apr
8c
Jan
May
17% Jan
all5%all7%
a49 J/a
a48% a49'/8
a9%
a9%
-25
Co (The)
Corporation —
Refining
Airplane
4c
68% Apr
all5%
Boeing
12%
Apr
2.05 Mar
194% Feb
.100
Aviation
80
66% Mar
Atch T & S P Ry Co
1
Feb
Feb
20
v
Mar " /
Jun
13% Jan
31% May
35% Apr
10% Jan
;
31% Feb
;.r;^
*
1
.1
:
■qim.
..
4%
65
2 3/4 Jan
-
'5% May
^
323/4 Jan
:
273/a Feb
17
Jun
23% Jan r
Apr
Continental Oil-Co
24
Feb
186% Feb
.
Commercial Solvents Corp———•
May * -
35'/a Mar
1.05
a68%a68%
—5
33
May
136% Apr
22% Feb
Apr
al98%al99%
._
al98%
.JHJm *48% >V
Bendix
8%
100
7c
Columbia Gas & Electric Corp........*
,90
Mar
62%c Jun
al9% a20%
al9%
Smelting & Refining Co.....
Jan
45% Feb
30
28% May
\,
San Corp
Rad
&
2.45
6c
6C
a8%
2.45
—-
..25c
Jun
Feb
Jun
21% May
—
Mining StocksAlaska Juneau Gold Mng Co
Cons Chollar G & s Mng Co-
40
24
—
25%
Hi/vvv'V.'V--■' '
45
23% Jan
Feb
Jan
55
♦
Jan
Jan
32%
311/2
11%
Yosemite Portland Cement pfd— ~"io
Feb
16% May
20% May,
Jan
65%
55%
♦
H D Bakers Inc.
Fix 1st pfd
l780 July
29% Mar
a51J/8
34%
Mar
105
156,338
19
940
--V19
30 .July
120% Mar
19c
a87
27%
41
1,320. :
1,065
Jun
Jun
Va Apr,
1.80
10
31%
1:
16c
8c
284
.25
70% May
48,200
32
.25
.
Feb
16C
30%
Case
.Jan
65
31%
Canadian Pacific Railway Co.
.48
49
30%
7% Jun
Jan
Jan
53% Jan
39%
9% Apr
6
36%
152
32
California
Baldwin Locomotive Works vtc~
6% Jan
558
64
26y«
5
Shwcse &
Weber
Feb
34% May
19
2
Inc
10
253/4 Feb
a87
-50c
Universal Cons Oil Co.
de Kamp's
275
77 %c
1.55
1
Corporation
of
Apr
32%
44%'
15C
16c
0
Textron Inc common..
Oil
Feb
7%
52%cMar
63
•
Pacific Company——
Oil Co of Calif
Union
14%
44%
—
1
Oil Corp
Western Air,
108
--
Southern
Transcon &
11% May:
1.20 May i
20% May
100
44%
—•
Standard
Transamerlca
64% Jun
Jan
8%
4,000
Jun
Feb
8%
1.00
31
preferred class C.
Sunray
45% July
40% Feb
183/«
31
Southern Calif Edison Co Ltd com—25
25
6%
preferred class B.
—
5%%
45 J/2
Feb
95c
*
—
860
Jan
Apr
8%
•
Companf
9%
41
183/«
1.00
.—1
Corp.
Solar Aircraft
9%
183/«
...25c
Signal Petroleum Co Calif
J
15G
—-
5% Mar
143
37%
1.05
1
41/4 July
Feb
75
603
•
42c
23c
6%
110
128
.20
Feb
293/4 July
12%
Zl30
Signal Oil & Gas Co B
17% Jan
41
60c
.
2,762
a43% a43%
a43 %
Jun
54
t
1,945
1,090
30%
...50c
see
37
5%
30
'r?<i
footnotes
56%
70c
1.15
Jun
1.55 Feb
1.10
—
•
Co
Sierra Trading Corp
Aviation
3% May
35
Apr
500
91/4
"
128
Dresser Industries
For
4%
9
11%
100
22,425
30
Creameries of America, Inc
Aircraft
55
1.45
.
_g/' V/-.^
Colorado Fuel & Iron common..
5% preferred
Consolidated Steel Corp.
Douglas
150
5%
California Packing Corp common.-..*
Central Investment Corp
loo
—
75
700
4%
•i
.
Broadway Dept Stores Inc common..*
Byron Jackson Co_
_•
Chrysler Corp
all
97%C
67c
8%
•
Company
Atlantic
4J/2
55
1
■>--
Bange Since January 1
High
a37% a38%
—
Blue
Bolsa
Shares
41/8
4%
preferred
Barnhart-Morrow Consolidated.
of Prices
■-
all
4J/4
22,169
Anaconda Copper Mining Co—
Armour & Co (III)
Sales
for Week
Low
5,305
%
_1
^erlcanTel&TelCo-.,
Aireon
5%
%
67 %C
•
common
Unlisted Stocks—
Sale Price
500
43/4
10%
17% Feb
400
1.20
20c
4,853
5%
1
Corp
Amer
'
100
2.20
1
Amer
Last
5,700
19
323/4
25
Ranch Oil Co
Richfield
Imperial Development CO.*-*—
.
39C
1.95
Pacific Lighting Ccrp common——*
23% July
4%
new
Jun
17
200
23
23%
1.05 Jan
1.15
25
—
Jan
8
•
1,200
323/4
25
.
_
preferred.
1st
Republic Petroleum Co common..
Van
Union Investment
1.20
293/4
Jan
21% Jan
4% May
6% Jan
500
Jan
8
Mar
Shelter Mfg new common
Timken-Detroit Axle
8% May
1
Corp
;
1st preferred
5% %
Sears
May
Apr
Scotten-Dlllon
Standard Tube class B common.
120
1
Feb
13% Mar
5% May
14 Vz
480
7%
May
-9%
19
1
Ryan Aeronautical Co
Kingston Products
Kinsel Drug
Mar?
50
Jan
23
70 %.
23.V
B
33
Jan
Jan
9%
Pacific
Mfg
Michigan Die Casting.
Gerity
135 J/2
,Mar
37c
1
118 J/2
7%
27%
Frankenmuth Brewing
38C
1
Company...
1.95 Jun
28
27
1.10
—
1
Petroleum
1.35 Mar
200
365
3/a
Merchants
j
29
9%
—
Rights
Monogram Pictures Corp
Mt Diablo Oil Mng & Dev Co
27%
400
Feb
May
Apr
76
..
463/4
2.00
Jun
.61% Feb
283/4
—
Manufacturing Co.
79%
Jan
46%
I
Feb
5
.
1.70
1,65
„
——
May
3%
7
1.65.
1
15 J/4
100
126% 127
5
239
Menasco
450
20.
common
65%
1
10
—__
653/8
Mascot Oil Company
7% Feb
Detroit
Edison
65%
Jan
315
Detroit & Cleve Navigation
Chrysler Corp
30
4%
5%
20%
3%
20
21%
1
16%
15%
47%
Baldwin Rubber
150
Lockheed Aircraft Corp.
47%
;
10% Jan
69% Jun
2o%v< Jun
574
—10c
Co
Jun
200
-.100
Petroleum Corp..
Petroleum
15 J/2
70
Bange Sines January 1
Low
High
High
19% Jan
27%
1
Wells Co
Lincoln
of Prices
Low
Allen Electric
Lane
Jan
Jun
Jan
8
19%
.....
Jade Oil Co
Sales
13%
Jun
70
«
Motor Car Corporation
Intercoast
19%
385
Apr
27%
1
Hupp
158
470
2.70
27%
—6%
common:
355
High
20% Feb
May
*
Co
Foods
2
15%
Jun
60c
■
•
com.
Hunt
Low
14
1,764
20,835
15
—10
Hudson Motor Car Co
Inc
al3% al4%
—
2
(The)
Goodyear Tire Ac Rubber Co
Telephone: Randolph 6330
i,*
1
A
General Motors Corp common...
General Paint Corp commons
DETROIT
Ford Building
Stores
153/4'
Bange Since January 1
Low
98% Apr
33% Jan
(Del)...—-.——-5
...
5
Crown Zellerbach Corp.—.
*.j
-
a46%-
-
a47
&34 a34%
100 '
9
''iih'
;30%
mmmrnm»'"
Jan
.
40 / Apr
V"
BIolume: 164- Numbef.4507
(THE COMMERCIAL' & FINANCIAL CHRONICLE
OTHER STOCK EXCHANGES
RANGE FOB WEEK ENDING JOLT li
STOCKS
Friday
Week's
Bange
Last
Sale Price
Par.
Class
A
Electric Bond & Share Co
General Electric Co
General
Foods
...
Corp
—
Corp—
McKesson iSc
Oil
Oil
Pure
—
<35%
.35%
160
a53y4 a53%
16%
134
Feb
29% July
Feb
9% May
60y8 Jan
12%
Pittsburgh
Pitts Screw
Feb
Jun
18%
38%
—15
•
United
Feb
65%
Feb
76% May
425
29%
Apr
38
165
' 37%
Apr
41
a64%a64%
'63
a56%
a58
23%
53
195
23%
375
ali2%all3%
38
38
5%
60%
19%
92
100%
Feb
119%
160y4
Apr
160y4
July
29% May
51%
,
15%
10
.
,
&
Oil
6%
Jan
13% Jun
4% Jan
6% Feb
65
Jun
80
Feb
39%
Jun
48%
Jan
I4y8
Feb
10
!•;
;
X'
iy.'"v.
*
12%
5
22
1
Gas
Glass
...
25c
1
Springs
States
July
17% May
,10% May
Glass—
&
.22
'
•
common
Bolt Corp..
Steel
Jan
10% Jan
.
f,' •'. 7/7
Jan
May
July
J
■
Jun
25
Jun
60c
:
Jan
30%
Apr
24%
..
22Va Feb
18% Jan
1
' ,v;''
13%
.
Feb
1
common
vtc
.1
Jan
505
4JA
Jan
Apr
Apr
50
66
Jun
415
80%
Feb
a35%
a35% a36%
19
34%
St. Louis Listed and Unlisted Securities
76V2 May
96% Feb
32%
32%
34
a20% a20%
—
a57 %
Jan
26%
Jan
Feb
Edward D. Jones
Feb
39%
Feb
53
165
51%
20y4
56
Apr
32% July
450
—
a58
*
_•
12%
com
Jan
7%
110
5%
Vanadium Alloys Steel
Westinghouse Air. Brake
Westinghouse Electric Corp
Jan
36%
38
a90%a93%
.—10
Jan
Jun
a68%a 68%
—
1
Fel?
9%
"■// 34% May
23% July
Feb
a90%
•
Plate
Common
65% May
50% Mar
230
a28 y4 a29 %
5%
Mar
15
•
al52%al53%
a29ya
.12%
United
July
„
•
Feb
20%
Jun
41
—
—10
A
38
275
Standard
—
35%
all2%
•
Westinghouse Elec & Mfg Co
Willys-Overland Motors, lnc
Woolworth Company (F W)—
44
23%
•
Aircraft Corporation
Corporation (Del.)
a47
Shamrock
52% May
49% May
41
„
5
Rubber Company
S Steel Corp
18% Jun
47% Jan
—
35
„
U S
15% Mar
70
63
35
—10
„
Reymer & Bros
Ruud Mfg
San Toy Mining
Jun
41
—10
lnc
40
a77% a78%
__
.100
Air
Jan
a46%
'
„
'
31
a59% a60%
*
Railroad Co
United
408
July
22% Mar
•
■
Jan
a46% a46%
__
—25
Union Carbide & Carbon Corp—
18
40% May
37% Feb
481
—
_•
——
Texas Gulf Sulphur Company
Tide Water Assoc Oil—
39
18
„
29
34
13% Jan
10
28%-May
14%
14%
15% Feb
376 i;
Jan
7% Mar
Brewing
78% May
Feb
20%
14%
—
8% Jan
1.
-
Jan
ll
24% Mar
Preferred
46V4 May
548
•
12 "
Flreprbofiag Corpr—
Pittsburgh
47
-
<135
424
11%
36% May
-
a26%a26%-
—-
11%
i.—,
Mountain Fuel .Sup{ily.—,
Jan
a26%
—25
Co
19%
130
30 Va May
35% Jan
175
—1
Tel
90
alO
•
Co
Union
31% Mar
a36% a70%
a36%
—25
Western
89
a0%
22% Mar
f- 99% May
i
(N J)
U
a32%a32%
-
24% May
13
May
a40y8 a40%
Standard Oil Co
United
-195
-76% Jan
National
—25
Lines
13%'
a27%a28%
38
Walker Refractories.
a42% a44%
(Ind)
Pacific
Harbison
Follansbee Steel
May
a40%
Oil Co
Union
51
Jan
.13%
a9%
29
-Brewing.
515
•
28%
60%
25% Mar
Fort -Pitt
93
279
;
...
40% :Apr
.25
-
50
Duquesne Brewing
;Apx
Apr
High
10%
37% Jan
10% July
—
common.
15%
93
v
Low
59
10%
—,
47
30
'
Range Sines January 1
High
57
■
.—
Devonian Oil .2—
31% Feb
60
■ -
56%
•
11% Jan
25
a27%
-
—
Corp
Co
Low
—
—
33% Jan
•
a42%
Standard
Texas
Jan
;
Sales
for Week
Shares
*
Jan
—25
Company
BJaw-Knox
Feb
—50
Ry Co..
Brands; Inc.;
&
50%
.270
275
—
—
—
>
i.
Lone Star Ga«
1
Standard
Studebaker
Jun
13%
—
-a*
Corp of America
Republic Steel Corp—
Bocony-Vacuum Oil Co_
Swift
23
.20%
-41%
*
*
Range
of Prices
"
Allegheny Ludlum Steel—..—.
Arkansas Nat Gas Co pfd.
15% Jan
62% May
......
36% Mar
13%
25
—
Radio
Southern
1
-60
.a23 .>■
a57%.a583/4v
—
•
Co
150
225-
—
—10
Pictures, lnc
Pennsylvania Railroad .Co
Phelps; Dodge Corpi.
53% May
Jan
v
Paramount
-
Feb
13%
16%
;38a a39%
a23
:
Co.
51% Feb
Apr; '
16%
a57%
•
Car
50%
59%
* <■■■
Co..
•
Week's
<
Last
Columbia Gas & Electric
'Bobbins, 'Inc.—.-——.—18
Motor
-
50
Montgomery Ward# Co, lnc
PacKard
•
Apr
a38
*Tew TTodt Central TtR—.
—J?
North American Aviation lnc
I
Ohio
71
•>'
*
10%
—
-
; —J7
North American -Co.—J....
-
Friday
Sale Price
12y8 Feb
33% Feb
26 / Apr
Feb
May >
a60% a605/a
a60%
—2*
„
19%
46
430
*
International Tel & Tel Corp—.—
20%
3
-
Pittsburgh Stock Exchange
High
Apr
Jun 7
11%
—.
•
Corp—
.—
International Nickel Co of Canada.
Libby. McNeill 'Cr'Ubby—r
Loew's, Jtac——————
11
7%
260
'
a54 a54%
—
1
Low
a23% a23%
a46% ;,v a47
—
Interlake Iron
Copper
115
»•
Graham-Paige Motors Corp.,
Great Northern By Co preferred^..
Kennecott
385
__
•
...
7%
a20%a20%
a20%
5!
—
7%
Range Since January 1
High
—
—1
—
Shares
Low
—1
Curtlss-Wrlght Corp
Sales
for Week
of Prices
60% May
Established
North
300
4th St.,
Co.
&
1871
St. Louis 2, Missouri
~ *
Members
New York Stock Exchange
St. Louis Stock Exchange
Chicago Stock Exch.
New York
Friday
Week's
Range,
Last
Sale Price
of Prices
Low
American
Stores
38%
American Tel & Tel...
Baldwin Locomotive Works v t 0.
Bankers Securities Corp pfd
Budd
31%
Range Since January 1
High
Low
27%
Jan
185 %
Feb
31%
323/4
30%
83%
16%
•D
Pub Co
183/4
Delaware
Power &
Light
17%
117%
22%
Lehigh Coal & Navigation
Lehigh Valley RR
National Power
Pennroad Corp
Penna Power &
ec
Jun
%
Jun
1407/a
Jan
26%
Bank
26%
80 %
July
Jan
■
Coca-Cola
Jan
Jan
Preferred
Salt
Sun
Dome
Paper
July
Transit
Feb
24
Feb
27%
Jan
31%
Jun
100
....
Feb
L05
109
Jun.
Jun
52%
Jan
•
43 %
1
5
Jan
9
Jan
*
25
Feb
40
Jun
'*
20
Feb
50
Jun
Shoe
4
common
common
Laclede
Steel
common
common
Corp
Mo
:
common.
McQuay-Norris
July
Jan
50
Jan
29
10
common
Blanke
1
common
Portland Cement
com
*
25
common
Dry Goods 2nd pfd
St Louis Car
participating
Mining
Invest' Corp
-;
Jun
22 % Mar
35%
•
31%
Rice-Stix
A
21%
5
'
-
22% Mar
Meyer
Oil
Class
4
19%. Jan
Jun
Apr
Clay Prod com:——9
Laclede Gas Light common..;
4
Tacony-Palmyra Bridge—
Tonopah
8% Jan
31
17
Jun
Laclede-Christy
Jun
common
Oil
May
9%
46
Knapp Monarch
Motors
Scott
Jun
55
International Shoe common
1173/4July
21
46
Jun
'
...
...
Brew
Johnson-S-S Shoe
25% July
Corp
Jan
Mar
47
Johansen
Mar
common
preferred
Insulated Wire
8
35
Hydraulic Pressed Brick preferred__100
Jun
40 Va Mar
20
Park
High
15% July
Mar
1
Huttig S & D cdmmort—
Hyde
11
380
15%
5
common
common—*,
;
15
)
LOW
1
Electrib,;*commoni.-_Jte.
Emerson
Jan
12%
15
SinceJanuary 1
Ran ge
High
10
Bottling
Brewing
Low
3
common
.
17
21% Jun
35% July
common.
Shares
15
common
common
Mfg
Jan
.17%
Shoe
Columbia
—
7%
for Week
1
Century Electric Co
Apr
Jun
Jun '
Building Equipt
Brown
Burkart
Jan
55*%
32%
Reo
Sales
Range
of Prices
Par
American Inv common
,
4.4%
Reading Co
Jan
26 V4
7% July'
Light
preference
Week's
Last
May
Jan
12
Pennsylvania RR
Penna Salt Manufacturing
Phila
38%
121
Feb
14
tognt
Philadelphia Electric Co
Phiico
Friday
Jun
49% Mar
—
69 %
$1
Apr
Apr
17% July
...
Electric Storage Battery
Genera! Motors...—
-
200%
17 Va July
123%
.•
oomraon
St. Louis Slock Exchange
,«.■
45% May
fas July
Chrysler Corp
_
Associate
Sale Price
Rights
Curtis
High
712
942
110 Va 110%
18
.
Sales
Shares
38%
197% 1997/8
110%
Co
®
for Week
37%
198%
,
'
CEntral 7600
Bell Teletype SL fW
.
Chicago Board of Trade
Curb Exchange
Securities
:
100
10
common
St Louis Pub Serv A
1
common
Investment
common—
*
Sterling Aluminum common—.———I
common.:
Stix, Baer & Fuller common
10
Wagner Electric common
———16
At
United Corp common
*
—.
Unlisted—
$3
preferred
United Gas Improvement.
.*
General
Electric
common.
General
Motors
common.
CANADIAN LISTED MARKETS
'
RANGE FOR WEEK. ENDING JULY
12
Canadian
.
r
<■■
'T*
;
y.;:
^
7
" 7;.
v;;.
'
•
-
^
V
Friday
'
^
M
Last
Funds
Brie»
New $2.50
ivcTf
preferred
preferred
For
-7——..;——^—.100
footnotes
see
;
—20
Acadia and Atlantic Sugar A
com—4*5%
19%-
preferred^:—^1—^...20
page
314.
18%
'
* «f Prices
low
High
Shares
20Va
'13,677
10%
7 6,725
17
37'%
22
-
Sales
37%
-
29%
106
7
17
Mar
July
:
.22%; Jun
.
"
.2iy4
37 V4 July
40
Apr
390-
2OV1 Jan
24
Jan
5
103:
-
Jan
-
:
.
■
/
'
7
Par
-4%%
.
,
106% May
•
convertible -preferred ....—108
Warrants"—
Asbestos
,
22
.
'
83/4
;
"
30%
-
Ashdown Hardware
—i--—-.—
"
206/
26%
8V2
98
'
"
1
'
2%
Low
7 225
;...
.
675
' 430
1,060 7
1,000
9
99%
'29% ,31
16% 16%
Baage Since January X
-
22*
2%
.
Cotp
38
-
26%
26%
/
High -
22
204
204
?
Shares
37
7
•
Sales
far Week
Low
-
37 %
-
/Ar$ufl7corp common—..————*
Apr
25
37%
22
106
Banga Sinea January 1
Low
High
14..
>
Agnew-Surpass Shoe common.
•
^Algoma . Steel common.—..—.—.
.Aluminium -Ltd....*
Aluminum Co of Canada 4 V2 %' pfd—25
for Week
,17V*
Par
,AMtiM.Fowe^&;Faper
New $1.50
Week's
i; ? Range 1
»
-T*
Week's
<.Bsngs
af Prices
Friday
/Last
Sale Pries
/•
STOCKS
-
1
Montreal Stock Exchange
4
7-
~
205
"
9
•
7
'
■
f
,
8% Mar
98
July
2
Jan
2,^50 ' -29%-July
109
r
29
> Jan
;
40
20% Mar
26'v
130 7 Jan., t ;227.
26% July
27
16% July
^
*
'
May
Feb
May
Jun
12
c'Feb
102
*,
Apr
7; /: 3% Feb
7 35
Jan
7. • 17% Apr
LISTED MARKETS
CANADIAN
RANGE FOR WEEK
gTOCKS:
■.
■■■
t:,r
' .o
; of Prices
Sale Price
■I'v^
Bftthurst Power & Paper clasi A-—*
Telephone
,L
.Brazilian Trao, Light & Power
206 Me
33, ^
-50 i
preferred':
Canadian Breweries
107
?
Canadian Canners Ltd common—.—._*
Class A
—
—
3% Mar
335
233/4 Jan
35
1,665
898
.125
385
14% Jan
9,054
30
25
Jan
26
Feb
9M2 Mar
18 Ma
Jan
Jan
20 ye Mar
107
Apr
29% July
103
24 Me
*25
34
'34
24%
—
High
420
30
35
50
34
108
1,145
83
5,802
,
93A Mar
21% Jan
L-
*
—100
—
55
13%
Feb
39
Jun
Apr
41
Mar
Feb
113
Jun
30
16
13% July
July
50
30
5
102
106-
106
—
26.3/4 July
383/4 May
Jan
29
710
14-
30
14
*
common-
common.
.
preferred
i
-
20%
i
11%
.
May
33
Jan
106
Jan
July
Apr
18%
5
Jan
25
14%
Jan
,16
Jan
10% Mar
115
3,360
103
103
103
16
Jan
100%
106
Jan
Jun
91
903/4
91
250
79
Jan
92%
93
93
93 Me
145
84
Jan
94 Mi May
37
* 37
180
26
-
16.
390
"20 Mi
14%
11"
11%
gteel. Co' ;of'C^ada^nommon^———.
Preferred
19 Ml
16
100
-
Tooke
Brothers
Tuckett
180
180
5
19
19
25
•
■■
Tobacco
pfd
100
Twin City Rapid Transit—
20!/4
Jun
*
—
25
..'3t-":--v^an
165
17%
44
Apr
182
Jan
Apr
Apr
•
Jan
24%
Jan
Jun
Jan
223/4 May
69
Jun
40%
Jan
44% May
41%
476
48
60
35
Jan
35
33
.Jun
•
21%
21
50
.1,985
3,355
34
33
19
520
3,425
33
19Mi
35
106
2,140
73/a July
Feb
May
29 Ms July
July
48
23
27%
110
59%
35
21%
Canadian Pacific Railway-—
Range Sinee January 1
Low
•
35
33
*
100
Southam Press Co
*
Southern Canada. Power—
•
Standard Chemicals^ common——*
Jun
16
48
.
Jan
53
21
23
———
22 3A
135
1,280
—
—
i
2,115
*
B
8%
-
33
50
Shares
High
73A
25%
21
67
•
Class
(H) & Sons
5 %
47%
Paper ureferred
Breweries new
Simon
14 Ms May
-a*
Canadian Locomotive
Lawrence Fipur Mills copa—>—
Preferred
131
common—
.
—
Lawrence
Sicks'
Jun
Jun
155
Jun
29% Feb
Canadian Forelen Investment—
.Canadian Ind Alcohol;common
Canadian Cottons
-
Sherwin WBliams of Can common——.*
293/4 July
200
92
—
Shawblgan Water £5 .Bower.^.—
5%-May
19 Mi May
,
-
•
common
St
May
16%
41
41
—100
Preferred
1,160
19
Low
8%
tor Week
,
Apr
35
70
A preferred
Jan
Jan
51
16
21
65
-
67
-•
Canadian Celanese common--
i
16%
*
^25 ..
Canadian Car & Foundry common
V
—
30 Ms
Jan
725
corporation
St
Jun
20%
27
23% 25%
107.
107 ,
29 Ms 29 Ms
;
Jun
•22
*12
18%
50%
24%
•
common
prefeBred—!.—100
Canadian Bronze
;11
18 Ms
51 v
•
Canada Steamship common
v
.
216
29 Mi
19% 22%
150
151
27% 28
20%
100
.150
Canada'Forgings class A
——•* \-j-. 27%
panada Northern Power Corp-———•
11
1813/4 Jan
33%
"3%
27%
33
—-•
common—
3%
.
Apr
32
4
29%
31
—
29%
r :
—
3,091
24
19
27%
27%
(
1,010
21.Ms 23 %
British Amer Bank Note
CfcnadA Cement
\:3.i ^Preferred
206'/a
205
23
Co_r_—_—*
British Columbia Power Corp A——*
Class B
-•
Brucfc Silk Mills——.
*
Building'Products class A-—
-*
1,947
Feb
St Lawrence
Sales
Rang*
of Prices
Par
High
LOW
rt21% 23
--
100
—*
Bell
Lfst
Sale Price
RapgeSlnce January 1
High
Low
Par
Shares
Week's
Friday
STOCKS
.Range,**orWeek
Last
/
|%
ENDING JULY
v^edkV;-
\
■
,
Monday, July 15, 1946
CHRONICLE
THE COMMERCIAL & FINANCIAL
310
25
23 Ms
35
20%
United-Steel Corp—
Viau
Biscuit
49
Jun
53
Feb
20
25
•
91
91
92
65
•
(
Walker Gooderham & Worts
Jan
13% Feb
13 Ma
10%
20
144
138
153
662
109
Feb
550
20
July
23 % May
215
27
Jan
36% May
24
2,960
16
Jan
Jun
20
com
Preferred
•
—
20.05
—
20.06
74% Apr
99
May
154% May
26Ms May
25 Ms May
Jan
10 Me
*
4,
Wabasso Cotton
Feb
8%
10 Me
—
»
;
common.
16%
Mar
July
19
Weston
(Geo)
*
common
Wilsiis Ltd
May
46
25%
-100
—
25 Mi
200
14
15
•
common
(Preferred
32
15%
3,331
13
Mar
100% 100 Mi
25 %
■»
Winnipeg Electric
Feb
24%
31%
65
95
Jan
104
•?34
Jan
45
28
Mar
30
Jan
27
Apr
21Ma May
Apr
'
Distillers Seagrams
Foundries
Dominion
51%
25
48
Jan
52
32%
14%
33
14%
95
29%
Jan
333/4
Jun
Canadienne
50
13%
Jan
16
Feb
Commerce
24%
30
27
_*
—
Preferred
Dominion Textile
20 Mi
20%
23 %
24
253/4
26 MJ
Jan
Nova Scotia
-10
23
Jun
Royal
-10
,510
47
Apr
40
July
41V2
Paper 4%%
31%
Jan
18%
19Ms
27
27
65
28
27%
28
28
1,010
255
23y4 Feb
28
140
243/4 Jun
3,710
25%
25%
—
109
107
110
103%
Donohue Bros
—
pfd_100
conv
103
103%
37%.
Feb
19%
23
23 Mi
Feb
Jan
360
102
Jun
22%
23
15%
17%
1,080
1
*
''•""'tt'
'
•
25%
1,135
Famous
Players
21
20Ms
14
21 Mi
14
230
Gatfneau Power
/// 5%
22
18 %
190
50
22
—
30%
30%
"18%
19%
110
*"A
common——
__
»—100
preferred—
General Bakeries
:
*
—*
Canad Corp.
Canada——
of
Co
—
*
—
109
110
'
—
39
1,650
1,110
«
5
8,561
120
™
"
32 Ms
Jun
*
common
Preferred
Goodyear Tire pfd inc 1927—
Gurd (Charles) common
Gypsum, Lime & Alabastine
l
18
18%
108Ms 108%
—
100
—
52%
12%
50
*
*'
52 Ms
12Ms
17 Ms
Hamilton
Bridge
-•
Holt, Renfrew preferred
1—
100
Howard. Smith-Paper common—
-•
$2 preferred ;——
————50
'Hudson Bay Mining—
.'*
169.%
„
175
__
36 Ms
33
120
May
STOCKS
Sales
Week's
Friday
22 Ms
24
Jun
Feb
19%
22 Ms
16
Jan
July
13
Mar
15
28%
Mar
Jan
22
July
34
Feb
14% Jan
20
May
111
Feb
5
July
480
18
Mar
20
106
Jan
1,561
570
17Ms
995
9%
25
175
12
36%
665
53
53
265
41
480
13%
Par
141/4
15
15%
7 M» May
52% July
8% Mar
14
Mar
9% Mar
165
20%
Feb
109
May
56 Ms
Apr
13
Mar
Bathurst Power & Paper class B
Henderson
Packers
Jun
175
30% Mar
38
A
pfd
Apr
&
Canada
Canada Wire & Cable 6
pfd
5,842
1,365
135/a
Jan
Canadian Industries Ltd class B
Canadian Marconi Company
Canadian
33
125
32%
Jan
28
330
17%
Jan
283A
38
39
245
33
Jan
40
8
.38
8%
7%
Jan
Jun
May
38%
40%
1,47.4
Feb
46
50Mt
7,240
383/a July
43% Mar
47
49
59
Apr
•
1R
17%
18%
1,440
273/a
*
56%
55
56%
35
47
Feb
60
Mar
8
Apr
14%
400
14
July
15
15%
75
13
Jan
16 Va May
19
19
50
12 M2
Jan
19 Mi
28
1,055
27%
4 Me
9,900
16 v* : 16%
157
3%
10 %
11
65
65
6
25% Mar
202
10
70
55
Mar
77
86
325
93/4
10%
1,330
4% July
77
July
8 Mi May
106
Feb
23
May
293/4
25
Apr
62 V2
—
107.60107.60
108
56%
107
25
275
•
245
243 249%
72
1
3 Me
3%
27%
*
Vickers
27%
153A
163
3 Ma
Jan
Feb
Jan
111
Mar
30
Feb
May
Feb
280
Jan
18
Jan
Jun
253
Feb
May
5ya
Jan
*
3%
2,625
2a/4
500
1.75
Jan
14
14%
450
133/4
Jan
18 \'z
Jan
31
14
*
class A
27%
May
Apr
23/e
Paper Inv corn—»
preferred
Canadian
108
5
342
62
5
Silk Products
Apr
11% May
106
20
;
Apr
104
233/4
25
Electric
&
Apr
8
60.
275
Power
77 Mi
106
—
163/4
5%
Jun
23 Mi
—
275
General
Jun
Jun
11%
106
16%
Dredge & Dock Co Ltd
Jan
5y8
17%
23%
50
Canadian
Apr
July
28%
3% July
16 Mi
July
July
13,928
16 Ma
31
120
31
Jun
31
Jun
433/4
Jun
4 Mi
Apr
Jan
International Power common-.:
International Utilities Corp——
173/4 July
5
Canadian General Investments Ltd—•
Canadian
International Petroleum Co Ltd
475
4%
10
*.•
100
173/4
33
Jun
6 Mi
•
Sugar
Jun
15% Feb
83/4 May
383A Feb
12
100
pfd
Malting Co Ltd
13%
International Nickel of Canada torn—*
International Paper common—
15
Jamaica Public Serv Ltd
Labatt
15
Laura
16
1,039
15%
Jun
18% May
15
25
12%
Jan
28
665
25
Jan
28%
Apr
Commercial Alcohols Ltd common
35%
36%
235
29
Jan
37 Mi
Apr
Consolidated Div Sec class A
Jan
24% May
24
22
*
24
65
183^
22
50
19% Jan
23%
Feb
17%
17%
10
Feb
20 Ma
16
17
2,138
143/4
Jan
21
Apr
24%
23 Ma
25
1,880
16 M4
Jan
26 V2
Cotton
29
29%
155
27%
Jan
33
Apr
Dominion
36
Square
36
371%
910
293/4
Feb
37 Ms
Jun
Dominion
Woollens
Jun
July
Donnacona Paper
15
new
100
common
14
14
14
75
14
July
42
40
42
505
40
Montreal Light Heat & Power Cons—£*
July
20%
20M8
21
Montreal
21
4,073
1,430
20
May
22
May
115
30
Jan
56
Feb
25
Locomotive
National Breweries
/
Works__
Tramways
Preferred
Wire
Weaving-.
Ogllvie Flour Mills
Car
511/2
51 %
52
52 Ms
521/2
521%
45
27%
27
1,610
30
27%
30
58
6IM2
1,600
-
*
-
•
61 %
Aircraft
343/4
6%
•
-
34%
Penmans
Ltd
River
Power
I
Iv,
1
I •'
Price Bros & Co Ltd common—
New
4% preferred—
Provincial Transport
Quebec Power;
..
'
:J ■ ^
•
For
footnotes
see
./•'
'
■
.
.
•
'
35
24
Jan
30 Mi
Apr
Jun
24% Mar
31
May
58
72
Jan
July
2,175
30 Ms
Jan
5
Jun
110
50
Jan
100
103
16
Mar
35"%
8 Ms
83
Jan
2.40
Apr
174
3.80
Jun
Feb
55
55
55
15
55
July
62
Feb
—
15
15
13
15
May
16
Jan
40c
Mar
90c
50c
55c
400
47/e
*
*
-•
5%
1,140
80c
.
80C
50
19
2.50
•
20
19
99
16
21
42,953
43/4 Mar
75c
6 Ma
1.50
Jan
Jan
Jan
May
15 Mi May
20
Apr
15 Mi
23
Apr
Feb
Fed Grain
Fleet
Co
Aircraft
16%
*11
60
43
43
175
4
Jan
7 Mi
Jun
443/4 Mar
64 y2 May
383,4
44%
Jan
28
Jun
6%%
cum
28
28
19 Ma
Jan
18 V*
18
19
1.39.5
13 V*
Jan
19%
Jun
•
17 Mi
153/4
18
4,430
15
Mar
20 3/4
Apr
*
Co Ltd
4
5
red pref—100
3%
105
4%
105
225
4,440
25
3%
89
5 Me
Jun
Jan
5%
*
Ltd
25%
•
5%
25
25
26
485
25
July
Apr
•
65
58 Mi
67
3,920
53
Feb
Realty Corp
*
Goodyear Tire & Rubber of Can Ltd-*
Great Lakes Paper common
*
37 %
36
37 Mi
37
28
Jan
115
115
15
100
Mar
28
24
28 Mi
990
24
July
*
64
64
64%
240
59
Apr
21
150
Fraser
20
Companies
Godfrey
preferred
Feb
Halifax
10
Co_.
Insurance
Apr
102
Feb
103%
Apr
30
Jan
343/4
International
5%
Paints
5 Ml
118
8
32 y2
75
July
Jan
Jan
Feo
Jan
May
37% July
120
34!J/4
65
May
Apr
May
—
21
16%
pfd
35
3.5
28
Jan
21
Apr
Mar
36
14
14
600
12
153/4
153/4
15
35
—20
■*
Jun
May
14
Feb
16
Apr
90
May
0 ui
/
Feb
Inv
Foundation Ltd common
Journal Publishing Co of Ottawa
120
70
Jan
81
Apr
Lake St John P & P
19
150
19
Apr
23
Feb
Lambert
343/4
860
30
Jan
36
Apr
133/4
14%
Lowney
970
13% Mar
17 Ms
74
14
Ltd_*
—
79
84
970
11%
11%
50
13
13
55
42
40
42%
1,210
29
283/4
83
143/4
60
Feb
Jan
20 Ms
(Alfred)
Co
105
Inc
•
20%
54% Mar
55
101% July
v
74
July
102% July
19 Ms Apr
630
15%
590
173/4 Jan
22
Mar
20
103% Jan
106;
Apr
Jan
105
•
1
*
Ltd—.
MacLaren Power & Paper Co-
9,185
,
—
•
15
Maple Leaf Milling Co Ltd common—*
Massey-Harris Co Ltd 5%
pfd
pfd^——100
Distilleries Ltd preferred—10
Minnesota
&
Ontario
Paper Co
5
15
21%*.
17
163/4
22%
Apr
12%
Jan
15
Jan
47% May
Feb
34
Jan
Jun
28%
Feb
393/4 July
50
•104% Jan
106% Jun
125
-15% Mar
17
July
18% May
•785
163/4
.
8% Jan
12
14
85
29 Mi
104.90104.90
100
McColl-Frontenao Oil 6%
Melchers
;
300
Jun
15
80
5%
53%'
*
Aircraft Ltd
Fairchild
5%
53%
--
May
210
333/4
101% 1021/2
16%
17
—.''20%
314.
Feb
July
-
74
„•
page
20,675
•
Corp
57
II
101%
-Saguenay Power preferred-——-—-100
52 %
150
19
———100
-
25
52
Jan
6%
80
19
«*
—
Feb
Feb
17%
33%
•
Corp of Canada
3%
& Linoleum Co. Ltd
311/4
,_l
Co—
;
42
44 V2
811/2
103
—*
common—.
Development-
Powell
15
253/4
44
6%
Page-«Hersey Tubes——33%
Placer
844
17
37%
—100
—
Jun
81 Mi
Ottawa Electric Rwys
*
Ottawa Light, Heat & Power cpm—100
Preferred
183/4
A
•
common
3
*
•
Frere,
Ford Motor Co of Canada class A
•
•
Noranda Mines Ltd
.Ottawa
21%
36
25
common
—
National Steel Car Corp
Niagara
20
36
100
.
3'/s
Limitee B
Engineering Works Ltd
&
Dominion
Dom Oilcloth
—
2
12 %
98
Jun
29%
_•
.
310
Jun
16%
'
Montreal
Preferred
Consolidated Paper Corp Ltd
«
1-,
.
172
Co Ltd
_*
5% pfd—.—15
Products
Food
•
Breweries
1,290
170
Westinghouse
Canadian
Claude Neon General Advert com
24
42%
172
*
16% May
David
Mitchell (Robert)
Preferred
Canadian Western Lumber Co__
_•
-.
common
40
100
Ltd
preferred
27%
28
3
McColl-Frontenac Oil
Montreal
May
1%
Catelli
•
Candy
(C W) common
Molson's
15 Mi
15
•
Secord
Lindsay
16
_•
-
Massey-Harris
38%
*
common
(John).
Lake of the Woods Milling common
Lang 6t Sons Ltd John A
!
Dominion
Canada
2,747
Jan
—
5%
1
50
May
10%
—100
Hosiery
523/4 jun
31V* Jan
53 Mi May
16%
*
1
Calgary Power Co Ltd 6%
July
4 Ma
Ltd common—-*
Feb
12 Ms
28
*
Brown Company common
Preferred
Jun
18 Mi
—
•
B C Pulp & Paper Co
9 V* July
14 %
British Columbia Forest Products Ltd-*
Columbia
775
a.
*
British American Oil Co Ltd
British
9%
6 Mi
*
Bright & Co Ltd, T G
High
9%
•
& Distil of Vancouver Ltd—5
Brewers
Low
High
9%
Butterfly
27%
—
27 Ms
Range Sine# January 1
Low
Works-
Glove
Canadian
Imperial Oil Ltd
-•
14
:Imperiai Tobacco of Canada, common-515%
13 Preferred —
——————£1
8
Shares
Jun
10
for Week
of Prices
Apr
16 Ms Mar
Range
8ale Price
1033/a July
105% Jan
40
—
40
Industrial Acceptance Corp com
*
.International Bronze common-*.
v. ■Preferred ■
-——^--25
52%
12%
Apr
253/4 July
Canadian Funds
May
115
235
Apr
393/4
.Jan
Montreal Curli Market
Feb
28M4
26
500
5%
20
273/a
Jan
33%
253/4
May
Class B
General Steel Wares
Feb
July
Jan
21%
39
25
.10
Brandram
Foundation
22 Ms
24
1 jlinfl* 11 I'm —
Acme
Electrolux Corporation
Enamel & Heating Prod
Jan
28 % May
Jan
90
17
__
—
Jan
Juu
12% Mar
21%
1,255.
•
—
Dryden Paper
16% Jan
760
Last
•Donnaconna
.
51% July
25
Montreal
18M2
*
14-75
20%
23%
Jan
28
common—
450
.10
—.
13 M2
27
—.—100
28
.10
—
45 Ma
40
—
.28 Ma
May
Banks
Feb
51%
Dominion Tar & Chemical common—•
28
i
July
Ms July
40
*
.25
preferred
24
50
.-25
6%
Jun
40
—
.-
85
May
50
355
1,285
90
51
Ltd—
Stores
102 3,4
6,240
common———•
new
—
42%
July
365
5,803
41
41
18 Ms 19 Ms
,31% 32
—
^.Voting trust certificates
;
51%
29
Dominion. Steel & Coal class BDominion
Jan
—100
Dominion Glass
■
41 Ms
41
Steel—,
&
Jan
50
2
—
Kv Preferred
78
48
—•
25
common
new
iDomlniOtt 'Bridge
;
Dominion Coal preferred—.
:
*
;
—.
15%
98,
48
32%'
14%
•
42%
common.
—
—.-
——
Davis Leather Co Ltd class A
Class B
Ltd
14%
92
15%
96%
——
.Crown Cork & Seal Co_
:
14% July
Zellers
—
——.*
Consolidated Mining & Smelting—
5
•
Cockshutt Plow
Consumers Glass
Apr
19
5,685
17%
27 Mi
May
(Volume 164
Number 4507
THE COMMERCIAL & FINANCIAL CHRONICLE
CANADIAN LISTED MARKETS
RANGE
STOCKS
Last
^Week's
'Range
Sale Friee
Friday
of Prices
.
Par
Montreal
'
Refrig fc Storage Ltd com--*
1st preferred
Moore
♦Mount -Royal
Hotel
Mount
Rice
Royal
Co
Ltd.:
Sales
I Shares
Low
High
76%:
.
„
,
125
ID
Mar
14
Light
&
30
70
29
Jan
30
Jan
80%
78
100
70%
—
1314
13'A
174
11%
Jan
16%
10 %
10%
475
10%
Jun
11
112
112
f\
J
A „!■'
115
105
23
23
25
20
"18
20
2
18
110
40
98V4
Jan
it
Preferred
i*
Power Corp of Can 6%
'20
1st pfd
100
# '6%
partic 2nd ,pfd__
SO
Purity Flour Mills Co Ltd ——10
109 V2
Par.
Jan
red pfd—100
—
Stowell
Screw Co
Ltd
class
A
Union
Gas
of
Canada
United Distillers
'United
Securities,
Windsor Hotel
Ltd
Ltd.
60
Jan
15
__
__
•
30
__
•
12%
__
35
242
33
Mar
43
May
Apr
*9,080
19 %
7,445
*22'
22
22V*
106% 106%
-129%
Jan
* ;230
550
22%
Jun
1
1.30
1,05
1.40
5,600
30c
Jan
29% Feb
9V4
25
9
Jun
15
19
25
14
Jan
23
11%
11%
118
10
Apr
12%
Yellowknife_
&*.—.
1
Anglo Canadian OIL———
*
1.10
1.09
1.15
*
9.00
9.50
1.20
1.16
1.40
9%c
8%c
10c
70c
72c
—
.
—
May
Apr
1
•Anglo-Rouyn Mines
L——.
Ansley Gold Mines—
;
Apex Consolidated Resources
'Aquarius Porcupine Gold
27
30
1,390
10
Jan
30
7
8
xl20
5
Jan
16%
Feb
Area
12%
12%
10
11
Jan
13
Apr
Argus Corp Ltd common
4%% conv preference
1
7c
•
1
—
July
Mines
1
——;
Gold
Mines
Alta Mines
Arno
1
1.55
•
__
Mines
Ltd
1.50
1.70
5c
5c
1
28c
25c
"
80c
20c
15c
*
1,500
10,500
15c
1,100
5c
Jun
(1937)
Aubelie
■
Mines
Mines
Limited
Ltd
28c
6,500
25c
1
—
Aumague Gold Mines Ltd
1
Beatrice Red Lake Gold
40c
1
__
Beaulieu
Yellowknife Mines
•
Bonville Gold Mines Ltd
Bouscadillac Gold
17c
__
_1
Mines
Ltd
10c
1
__
Gold
Mines
1
Celta Development & Mining
Central Cadillac Gold Mines Ltd
•
Ltd
*
1
Ashdown Hardware
Mines
•Atnona
22c
Centremaque Gold Mines Ltd
Century Mining Corp Ltd
40c
65c
100
65c
17c
9,000
15c
July
Ault
60c
60c
1,000
58c
July
10c
10c
100
10c
July
9c
9c
9c
15c
500
30c
30c
550
30c
28c32%c
89,200
__
Cheskirk
Mines
7c
2,000
-
30c
28c
July
July
July
20c
20c
2,000
20c
Yellowknife
Atlas
13c
59c
Jan
Co
Ltd
32c
9,000
30c
16
16
85
21c
35c
23c
30c
427,400
22i500
23c
4,000
27c
Jun
Mines Limited
l«c
18c
2.83
2.83
200
__o
36c
16c
27c
3/c
5,630
75c
7^c
7Sc
„
1.25
1.30
1
5,300
14c
1
43c
36c 49 %c
Wiborg preferred
&
—100
104
104
104
1
60c
46c
64c
Elderidge
Gold
500
•I
67c
67c
2,000
67c
__
19C
__
__
15c
20c
11,700
15c
July
22c
22,000
16c
July
90c
95c
5,700
80c
15c
July
15c
15c
16c
9,700
1.40
1.06
1.45
3,700
13c
13c
15c
2,000
39c
1
—;
Cadillac
Gold
Mines
Ltd
1
Hollinger Consolidated Gold..
29c
46c
29,100
1.06 July
1
Gold
Mines
3.80
4.80
17,700
23c
18c
25c
20,800
18c
1
16c
13c
17c
9,500
13c
26
26%
1,210
40
40
100
37%
37%
175
10c 11%c
6,200
10
Nova
10
—
of
Toronto
10
—
Scotia
*
Bathurst Power class A
•
13c
July
__
40
28c
33c
12
12
50
34 %
40
2,200
40c
10,200
30c
35c
47,400
30c
July
4c
4c
8,000
4c
Jun
45c
67c
12,200
45c
1
__
1
Joliet-Quebec Mines Ltd
Addison
Rowan
30c
1
__
1
—
Gold Mines Ltd
64c
1
Mines
l
6V*
Mines Ltd
14%
__
1
95c
.1
Ling side Gold Mines'
20c
Louvicourt
Goldfields
^1
Macdonald
Mines
-1
Cons
14 V*
1414
500
27c 29%c
3,500
__
90c
78c
85c
91c
1.20
-—•
^47
45 %
47
*125
1
63c
50c
70c
223,500
100
206 V*
200
207
+
Beaulieu
Yellowknife
Bell Telephone of Canada
—
11c
11c
*1,900 "
1
,|8c
50c
60c
5,100
'•'Bldgood Klrkland Gold
X
22c
16c
Biltmore Hats preferred
Ribbon preferred
*
23%
50
i»>
—
'1
■
1
Blue
Bobjo Mines Ltd
Bonetal
Gold
1
Mines
1
i———
Bonville
1
•
Boycon Pershing Gold Mines
28c
July
12
Brantford
July
30c
Jun
Mines, Ltd
Cordage
Dredging
32c
3.25
Brit
American
Columbia
British
14
27c
Jun
ill—
Oil.
Packers
Class
Broulan Porcupine
6,400
1.65
Gold
1,000
1.25 July
92c
1 09
Mar
Burlington
Burns
&
—
Red
Crest
15c
2,500
15c
1.70
2.05
5,500
1.70 July
Gold
20c
20c
3,000
July
Ltd
Mines
Mines
1,500
20c
Jun
15c
24c
34,600
23%
165
35
55% July
16%c
—
—
15 %c
1.35
1.35
100
15c
16c
6,500
15c
July
23c
20c
27c
3,500
20c
I
1
__
„
2.65
1.35 July
nc
lie
1,500
11c
18c
18c
3,000
17c
July
May
63c
63c
500
1.20
1,000
2.40
2.70
3,800
18c
38c
13c
17,000
16,500
4,000
"lie'July
15c
16c
12,800
15c
Mines
1.07
;;
Mines
74 %c
Anglo-Canadian
Linen
Mills
Oils
Canada Cement
Co.
Class
Canada
May
3.15
3.10 Jan
1.70 July
12c
Canada
Class
class
B
Mortgagecommon
_i.—_—
Wire
&
Cable
class
A.
-
Canadian
Bank
Canadian
Breweries common-
Canadian
Canners
Commerce
common
1st preferred I_—LI.-——.
July
July
Permanent
Conv
preferred
Canadian
Car
&
Fdry
common.
A
Celanese
common
Preferred
Canadian
Dredge
Food
Class
A
—
Products
common—
—;
—
Canadian
;
Canadian
■
Royalite Oil C<^ Limited---.
see
page
314.
Gen
Electric
Industrial
Class B
Canadian
footnotes
A.
-
Steamship
B
2.95
20
Locomotive
—
Alcohol
com
A.
22
150
Packers
Preferred
Ltd.
Homestead Oil 4* G&S Ltrt
For
'2.50
107% 107%
_
Foundry Class A
—
Home Oil Co Ltd
pfd.
Canada Malting
Canada North Power.
Canadian
Oil
2nd
common
Canadian
GaspeOil
? j30c
50c
f|
150
j
Feb
il
Jan
30c
Jan
39 %c Jan
•
——
Jan
74 %c July
19c
May
15c
Stocks
Jun
!
Apr
17
Campbell Red Lake
Canada Bread Class A
Class
Oil
Apr
Jun
IS
Flon__
July
1.70
Ltd
14cJuly
30c
Jan
"24%
:^60Apr
9%cMay
1.20 May
18c
19c
t.
s (; ',45C
May
14c
B
Flin
Canada
Mines..
80c
?
15
Class
Callinan
July
63c
1.20
65c
1944 Ltd
July
23
11c
Calder Bousquet Gold
Canada
1
50c
Ltd
"
Feb1' "
—
July
__
16c
30c
July
6.00 July
„
__
__
Sullivan Cons Mines Ltd
Westville
14 900
*
Steep Rock Iron Mines Ltd
Gold
22c
6.50
Ltd
Gold
Stadacona Mines
15c
6.00
1
Standard Gold Mines
Villbona
' '15 %c
55%
Calgary & Edmonton
Canada
Mines
Soma-Duvernay
r
216
Jun'
—
Preferred
—
Gold
20c
6.00
,*_1
Mines
Sherritt-Gordon
20c
1
1
Senator-Rouyn Ltd
Sheep Creek Gold Mines
Siscoe
Jan,
'
23
Jan
15c
1
a
Yellowknife
Rochette Gold
2.05
Jun
;
:50C July .T J^iL-,Eeb |i
55%
Steel
Co.
Calmont
Gold Mines Ltd
Dredging Ltd
Perron Gold Mines Ltd
■PRt Gold Mines-
Quebec
•
10c
2.75 July
Caldwell
'
181
'47c
3.25
1.25 July
1
,
•
32
Mines, Ltd
2.75
1.65
„
■:
Gold Mines
Buffalo Ankerite Gold Mines
•
15c
;
July ' i;"!r 1.64 ^Jan';:^
July
1.76 Feb h
39"
'Jan;
"51% May.:!;
- 45c :i*Jan ;v , ; 2.65 May
Vy
91c
Buffalo Canadian Gold Mines
Buffalo Red Lake Mines
900
Cadalllc
•
j
' 70c
July
July
27,500
Cons
Apr
J; Apr
'7% May
21% c
July
1.15
Pandora
24
Jan
3%
Oil.
12c
1.42
Omnitpns Exploration Ltd——--a-.—^
'-28c
16%
B
90c
3,100
1.15
J
37% May &
•
•
.
28
class A
Columbia Power class A-
3,800
1.25
—a,
;
,
Mar
33.100
1.15
O'Brien Gold Mines Ltd
"\-24c
;
, 27%
Apr >,
-t^'':40'.V;Aprv.'->
w7%c- Jun19
Feb
5V*
§|;!
Feb
Jan '■
25
20c
1.35
Mines
"7.25 '.Feb
' 58c
*
common
Preferred
Brazilian Traction Light & Pwr com
Brew & Disk—
1.45
1
Pato
Feb
;•
.*
1.00
Normetal Mining Corp Ltd
,
302
1
Bevcourt Gold
12c
1
Norseman
"32%
•
38,700
22,584
Belleterre Quebec
1.25
New Calumet Mines Ltd
.
Jan
"lMar
.
'July ?•-'
1.55 Feb
'
82c
1.05
Building Products——
Ltd
1.02 Apr
July
July
21%
,
•
05c .Jatt
.
104
-w30
50
Bunker Hill
Nechi
'
140
1
Buffadison
Llngman Lake Gold
,
6Vi
23
1
British Dominion
Lake
22
Beattie Gold Mines Ltd
British
Mines
Consolidated Gold Mines Ltd
Kerr
23
3
Bear Exploration & Radium—
July
30,800
1
v
10c
-
♦
—
Indian Lake Mines Ltd
g
36c
4.65
,
42y4cJuly
38c
1
Hudson-Rand
J-M
195,150-
Consolidated Mines
Bralorne
Jack Lake
30c
'
•
.
Jan
1
1
July
16c
1
a
Ltd
Mines
Goldvue Mines
Heva
28c
1
of
1.70 July
2.85 July
1
Mines
87c
Feb
"50c 'Apr
,
.1
of Montreal
1.18 Jun
2,100
_1
Goldora
1,100
3.20
1
Found Lake Gold
;
Jan a
! • 18|. *Apr '&
-
Mines
—
Base Metals
July
1.75
1
Goldbeam
75c
2.85
Formaque Gold Mines Ltd
! '
M.70*ftpr »v'.,
.62<J
Mav
1.70
(1945) Ltd
:
Jan
'l55c
.
r
July
"July46c
July 5
3AO July
Bank
July
1
Mines
Fontana Mines
;
21c
215,600
30c
Bank
2.83 July
27c
,%
Elder Gold Mines
-
12% Mar
'
East Malartic
f:East Sullivan.Mines—
'
if
,
July
July
Bank
Jun
60%cMar
Apr
1
—
:
July
16
1
Beatty Bros class A—
Duquesne Mines
20c
27c
Mines
iBankfield
July
30c
l
Donalda Mines Ltd
.
w
\
Cochencur Wilans Gold Mines Ltd
Cournor
Mining
Mar
68c IMar
30,900
30c
—
Class B
.
2bc
Jan
Jan
July
65c
30c
31c
*'
"1.40 Jun
1
Auraaque Gold Mines
•Aunor Gold Mines
49c
7c
1
1,000
17,200
-52,900
:
'
24%c Feb
12
lJan
102 C Apr
y' 3% Feb
Jun
Jan
X
9,300
40c
7c
1
20c 24%c
•"
:30c
-85c
July
—10
__—,—
July
July
July
s
,
2
28c
1.16
Mining
Bagamac
Cartier-Malartic
2
25c
90c
"
8
99
Feb
,%'-23c Ma*
Mar
tl3%o
-
-
Jan
*\'1.95'Jan
8%e July
810
•
20
■
1.38
13
-1.16 July
7c Julyv
liOOO
2,910
25c
'Aubelie Mines Ltd
Mines Ltd
9%
99%
1.09
Astoria Quebec Mines
Athona
8
-—1
«
4,800
99
—
1
-
-
Mar
9.00 July
8,500
.
.;
Apr
6c
Arntfield
May
10$
95c
"6,240
"3,300
'
10c-
1
Armistice Gold
*8,700
"-•••
—
—
Mlnbs
Gold
10c
23c
8%
•
—100
Warrants
Arjon
Yellowknife
18c
Jun
July <
V 2.40 Apr
18c July38%c Apr
715
Anglo-Huronian
j
1.05
7,400
9.25
American
Feb
Mining Stocks
Akaitcho
Jan
'Feb
.Apr
-'May :
27
Amalgamated Larder Mines
Jun
19
.103"
215
Jun
9'A
54c
26
205
13
-Jan
89
July
21
May
99% July
26%
132
Mar
-150
!;
Jatt
25c
19c
198
Jan
26
22
99%
Jun
(ll%c Feb
26%
Jan
25c
22
lis,
14,800
99%
—
.JLOO
1,500
25c
■
*8Y«&May
10%cJan
198
ll
25
*
•
'24
Jan
'
Apr
-Jan
107
Jan
103%
,21
26%
115
1,762
—.
■
-
20V*
15
12c
19c
17July
3,000
]
High
-"22% -jfun
Mar
-485
8%c
12c
^
14
~•
63
26c
Preferred
■
8%c
——
*
Low
20%
,—4.
Mines
Algoma aSteel common
Range Since January l
High
17
—
Cons.
:
1
Shares
<17%
—
bold
I
for Week
of Prices V
10%
*
:
til
Sales
pfd— —25
175
29 V«
f
Aluminium Ltd common
"Aluminum Canada new 4%
12%
25c.
■'
'
May
123V2 123%
29V*
„
__
100
Ltd
Jan
11
25c
*
of Canada
46
100
—
•
common
60
13
123V2
■»
Thrift Stores Ltd
Alberta
Alger
59
35
s
Class B
120% .Jun
112% May
59
'.r/rf;.".
119%
Acme Gas & Oil
Jun
.13
..
Jun
July
109%
13
Sarnia pridge Co, Ltd.
•
Southern Canada Power 6% pfd—100
■Southmount Invest. Co. Ltd.
,
-
25%
\X ,%
Low
•
Abltlbl -Power *t Paper ttew^eom..
$1.50 preferred
££0,
'&cadia»Atlantlo Sugar 'eommdn...
May
;§9
,
Quebec Pulp & Paper 7%
.
May
Exchange
Range
Bale Price
Preferred
'
*
—
;
vV. <v
Week'*
Last
"
Crush'common
'Orange
v
'
Fria*y
July
119
t/ji?
't
Canadian 'Fond*
Jun
76%*
>—
•
com
.V
Feb
«
Power
-
July
—
Scotia
i
t
)
14
•
-
Mills
Toronto Stock
Range Since Janoary 1
High
30
-1—•
Ltd
13
(or Week
14
14
30
Corporation
•Nova
Low
FOR WEEK ENDING JULY
' Apr
ftl
It:
THE: COMMERCIAL &.
FINANCIAL CHRONICLE
CANADIAN LISTED MARKETS
ftiXM£, RANGE-FOB WEEK ENDING-JCII'M
STOCKS
'
Last
—.ilOO
Preferred
>
.
Canadian
'
i ClA.
35
18
Jan
190
Jun
,
19
24 V2
Jan
Feb
39%
July
26
10
...
.
.rr-'lo
28
Canadian Wlrebound Boxes.u———•
Castle
1.50
-
Chemical'
18c ;
Chesterville Larder Lake Gold Mines—1
'
Chromium
Plow
Cockshutt
?4;
Cdln
r ''
j(
8,500
650
70c
1.80
2.25
6,950
52,882
1.25
1.12
1.25
1,200
Yellowknife
Conduits National
Gold
Gold
Rock
Harker Gold Mines-
Jan
Harricana
Jan
Hasaga Mines —
Headway Red Lake Gold
Heath Gold ,
27,850
14%
15
125
35c
July
5.00
July
Feb
Gold Mines
"'
"
Mines..:
•
45 c'
55c
14,600
45c "July
1.05
Jan
60c
1
85c
35,500
60c
1.38
Apr
1
Bakeries
7'/4
7V2
400
1.57
1.75
3,700
•
21
21
July
97 Yx
7j/4 July
1.57
30
88
-
S
3,640
100
174
176
8 % Mar
2.75
July
16%
99c
1.15
11,250
*
20
20
35
Cohwest Exploration
Coftugated Paper Box common
Cosmos Imperial Mills.
..
:
Jan
Class
class
55c
;
188%
July
1.95
100
48
48
Jan
20
1
82c
95c
10,600
1.90
—
——
Jun
43%
86c
Oil
&
Dome
80c
1.15
May
1.65
Jan
Dominion
3
Feb
20 %c
Jan
34
Jun
14
Jan
16
1.80 July
17c
47,500
5c
1.60
3.05
44,600
1.21 July
1.19
30,800
-2
25%
3oya
75 c
1.15
92,500
*
23
25
Mar
96c
7,275
-.1
common.
new
...
preferred
1,830
110
100
30c
Malting
5c
675
4.79
9%
50 *
20
20
18c
^0;,
Jan
6.00
:
Feb
12%
,
"9% July
Feb
/ 21% May
18% Mar,
;
Jan
10c
July
May
4.25 July,-
340
27,600
27,300
13c
July
31c
Jan
1
24c
22c
25c
60,550
20c
Mar
35c
Jan
I-39
1.03
1.46
33,600
15c
21c
28,000
15c
July
30c
Jan
21c
30c
9,400
21c
July
69c
Jan
3,60
Jan
20c
--
1.25
1.55
16% May
647,800
...s-fy'jA'*
•
Jan
2.70
1.25 July.
Jan
1.24
July
1.03 July
25,000
35c
11% Mar "
70c
110
24
6
Jun
Jun
1:20
July
32»/4
Feb
111
.
1
<
30
630
24%
Jan
30
19 V*
250
13%
Jan
23
10%
10%
150
30
*
30
60
•'
common..
July
7%
Jan
39
11
27
Apr
19%
July
Feb
8,115
2.95 3.10
14c
18c
7c
8c
45c 47%c
4.40 Jan
July
July
35c
Jan
11c
Jun
63,600
74c
Jan
43c
12,500
40c
40
He
39 41%
7cll%c
3,095
I3
105%
12
13
105% 105%
40c
14c
11,500
6,200
5c
37%
7c
50
Jan
July
10,000
Feb
73c
July
May
Jan
30c
20
10% Apr
15
May
23
95
Jan
106
Jun
Jun
19%
30
17
Jan
20
730
26
Jan
30%
Jun
14%
30c
12%
80c
80c
93c
27
37
28%
31
34%
Bronze
*
25
common
—
38
33
•
—100
preferred
Uranium
38%
Mining
Waite
50c
Joliet
J
:
Jun
30c
July
35,600
1,100
34
Jan
Jun
29%
Apr
Jan
29% Mar
35
July
July
102% May
106
Mar
38% July
47
Feb
157
July
380
40
Feb
1.65
July
21
100
Jan
80c
14
9% Jan
80c
7,500
791
15
3,668
41
151
18%
1.07
5
151
4,720
36,350
18
1.75
1,000
40
July
July
78c
July
1.56 July
Jan
2.00
Apr
15c
14,400
27%
July
41c
Feb
2.30
Jan
15c
20c
24c
24c
1,000
20c
May
41c
Feb
5c
40c
5c
3,500
4%c Jun
lie
May
49c
13,900
65c
Feb
10c
7c
10c
21c
Jan
63o
45c
78c
41c
1
Quebec
16
5c
1
.1
1
—
Jan
Jan
18c
24c
1
-
Jellicoe Mines
May
__
•
.'.
Mining
17%
13%
1.56
—
1
;
13% July
1,665
38 %
151
18
78c
18%
1.05
—•
Mines
Mountain
9,430
104'A 104'A
—5/100
Petroleum
Jason Mines
Feb
30
2.95
May
44c
July
--
30%
14%
15%
45c
13
Jack
Jan
15
21% Mar
13
11
19
Jacola Mines
30 y4
13%
6c
July
20% Mar
150
6,410
30
13%
Jacknife Gold Mines
Jun
480
6%c
23%
63q
19
International
Jun
18%
32 Vi
4,500
6c
23
Jan
14 %c Jan
July fr
1
International
May
29%
30 V*
..20c
*
100
Preferred
30% July
July
•
6c
International Nickel Co common——*
Jun
110
20c
—
•
paid
4%%
Apr
70c
23
<
30'A
14%
15%
40c
13
Jan
1.48
July
10
Magnesium
Dominion
17c
7,500
13
40c
International Metals class A_
May
1.90
25
Dominion Foundries. & Steel com
Dominion
21% May
16,020
100
Int
Feb
^
-,
18%; Jun
82c
23c
——i
May
310
5,000
96c
Bank
\
Mar.
19% May
30
Bank
10
Imperial Oil
•
Imperial Tobacco of Canada ordlnary.5
Indian Red Lqke..
1,
Inglis (John)
6
Inspiration Min & Devel
1
20%
Feb
Jan
He
Dominion Coal preferred
-v
14
Apr
70c
13c
Imperial
Island
Dominion Anglo
;■
7c
45c
Hunt's class A new
Feb
29%
15
...
Ltd
Mines
4.25
9%
3<05
Gas.—
Hugh Malartic Mines
Jan
55
375
33
2.00
Discovery Yellowknife
Mining
: Mar
-59c
.
^
12%
*
1
Yellowknife
Huron & Erie common
Feb
1.67
Jan
1.21
Seagrams
July
77c
20c
—1
3
Oil
Preferred
Distillers
:
■
-2Q
12%
..,'
Howey Gold Mines—
Feb
July
1.80
Dickenson Red Lake
Diversified
4.25
9%
1
1
Hosco Gold Mines
Apr
70c
12c
14%
Mines
Jun
15
Jan ;
35c
7 2,580
Jun
32
1.00 July
5,000
32 V4
A.
July
29c
710
12c 12 Vic
1.75
....
Jan
25c
50
..
Nickel
11%
21
5%c;
31c
Homer
Feb
28 y2
25,300
B
Denison
*
8 Vie
1-45
Home
Apr
8
2,725
1.33
*
Delnite Mines
Jan
99c
6,200
1.00
—
....
173
325
40c
......1
.
Petroleum
31 %
55c
N6st Coal——
Davis Leather
30
25c
-
-
Pershing Mines......
Aircraft
—
Hudson Bay Mining & Smelting
•
„r_i
—..
Crowshore Patricia Gold
Cub
.
Feb
22
Apr
101% May
Jan
78
101
•
Consumers Gas (Toronto)
Davies
17%
5c
*
Hedley Mascot
Heva Cadillac
,70
...
Homestead
Crow's
4,330
7c
——.—1
High wood Sarcee Oil
"
Hinde &
Dauch
*
Holhnger Consolidated Gold Mines——5
Apr
19
14% July
4Q
42c
»
•
Mar
85-i; Apr
-
•
Jan
42
*
16
•21
Jun
Jan
13C
••
'
*
Jan
}
Mines
2.58
2.40
705
,13
^
5%c
•
;—1
1
Carpet
Harding
High
20c
JUiy Vv:
-
*
7Vic
■■
.,15
•
.
—*
Bridge
1.90
14,800
•
Crestaurum Mines
•
llC
:
.
.....
t/21
1.
1.41 Mar
15c
Consolidated Mining & Smelting
Croinor
,
17
•
f
Hamilton Cottoni
Mar
1.90
Mines
1.05 May
3.00
—_
Cotirnor Mining..
-v
•
K
3,079
.
,
'Jan
63c
Jan
43c
•
13c
Mines
Consolidated
\
.Halliior Mines
,,.'v-;vConiaurum
42c
35c
2,000
;v,65'-;
13
——1
1
Hard
2.40
Lake ———I
Colomac
Jan
44 Vic
,15c July'*
15 Vic July
14c
•
* %*
-
t,
3.00
2.80
Co
1
1.85 July
18,000
20c
r
Swayze Mines.
Halliwell
Apr .1
1.50 Mar
—1
Gold
Willuns
20c.
-58
Bailee Since January 1
*
:
V :\.
29%
^
——*
Haicrow
May
4.40
July
2.10 Feb
Mlnes______l
Citralam Malartic Mines
Coclienour
15c
2.20
1
—
30
Jan
2.70
11,835
15>/aC
190
Gold Mines———1
Research.
1.69
70c
1
;
25%
1,355
12,500
2.35
?"■
14c
.63
?
—
,
.23
•
-
Hamilton
2.20
Central Patricia' Gold. Mines.,...—1Central Porcupine Mines
common———.—*
Hahn Brass preferred—
100:
3.251
1.85
1
Trethewey
28
-
2.70
GoRi:
Centremaque
—
Great Lakes Paper
Preferred
common.———♦ '
Gunnar Gold Mines Ltd—tJ-w
—1 -•
Gypsum Lime 6s Alabastlne—
•
Jun
103 Vi July
103% July
Sharee.
;
High
,
11c
•
103 Vi 103 ft
preferred >vi—100 '
Law
Par
/
Great West Saddlery
3,032
35
Grandoro Mines
Feb
Jan
•150
:y' 5
1.35
"Jan-
13 ya
.
I .;'I-?;:
High
July
of Prices.
•
' ,-i*iv••
Cariboo
■
320
;
i9'2oya
:
;_———
—
Utilities
60c
19,650
V
CanadlanPaclficEyu—————-J5
Canadian Tire
..
90c
-
Bale Price
BanrrSlnee Jsnnary 1
Low
lew im
182 , ;182
Canadian Oila'ju.—....—••
'
;
60c
-
for Week
^Rania.-/:;
Week
low* High
■■..»
Week'*/* :7 Sale, r
STOCKS
>
Shares
Of Prices
s\ • ^par
hitij.. ii .ii.wv :
-m -ir
TUrnTqtfW
-
« for
Range
Sale Price
■
Sales
W Week's
Friday
•
40c
Jan
8,400
7c
July
63,800
.
45c
July
10c
°
Feb
2.25
?
XX'-:
Dominion Steel class B
Dominion
stores
18%
19%
1,810
27
25
;
.?
28
315
l_
—
*.£Vz Mar
23
20
28%
30%
Feb
May
Tar
m v t c
New
&
Chemical
.
*
27 y2
25
25
18%
580
16c
10c
16c
20,500
1
1.46
1.30
1.47
14,625
1.30 July
1.76
Apr.
17%
Feb
2.30
./s{
Oil..
new
common.
July
1.85
Jan
Labrador
1.60
Jan
29c
20c
Laguerre
26,708
July
July
58c
38c
2,500
32c
July
62c
Shore
3,500
Jun
13c
Jan
Lake
1.15
July
3.35
Jan
La
3.40
38,800
2.75 July
4.60
13
1,770
10% May
13% Apr
15%
15%
Jun
43
47%
Apr
Gold
15
'7c
90
44
«•
100
Mar
Jun
70c
65,900
53c
July
1.35
56c
40c
July
1.45
40
Jan
2,460
11,205
58
365
6%
7%
400
105
108
160
9c liy2c
30,100
Ford Co of Canada
Ltd
5'/4
100
5'/4
30
_♦
class A
9c
100
27
ioo y2
ioi
82
4.05
7,800
18%
19
f.
Mines Ltd
♦
5%
111
r-
..U—i_-r
>
5
i
•
.
..
Jan
75c
14
Jan
5%
18%.
■■■■;
20
page
16% July
-640
6.30
5.55
6.80
1,800
__
24
24%
Jan
.
111
Jun
Manitoba
Apr
Maple Leaf Milling common
5
,
20
25
Jan
May
Jan
12c
8,500
9c
July
20c
12,700
29c
July
70c
Jan
22%
285
19%
Jan
23%
Apr
4c
4%e
10,500
4c
Mar
9c
1.25
4c
1.36
19,100
1,25 July
34%
33
34
80c
33%
37c
July
1.46
3.45
1.75 July
680
400
34 %
Jan
27%
26%
May
1.55
Jan
70,000
17,450
34%
32%
20c
15,100
21c 24%c
80c
1.02
1.75
2.10
21c
95c
2.00
1.39
34
Jan
Jan
Jan
Feb
Jan
Apr.
May
1.50
43c
1.80 May
1.15 July
37,900
40c
1.15
30c
28,700
30c
July
86c
25c
21c
,30c
11,300
21c
July
45c
Feb
3.40
3.05
3.60
8,535
3.05 July
5.00
Jan
3.25
2.05
2.50
1.50
3.35
2.15
14,405
2.50
July
7.50
Jan
33,500
1.50
July
3.75
Feb
2.50
July
5.45
Jan
'
.
18 "
105
Jun
I
May
—'7% Apr
20% Feb
Jan
108%
Jun
Marlon
—
—
Feb
Massey-Harris
July
25c
Feb
Jun
22c
Feb
——
33,450
55c
20,300
40c
1.50
2.10.
4c
3%c
4%c
* 27,000
14%
9c
65c
22c
12c
15
690
9c
95c
July
1.50 July
68,140
2.05
500
McCabe
57c
Jan
88c
Apr
,
3.75
i
Jan
Jan
•
/
21c
39c
Feb
87c
Feb
25c
Jan
*
-14,400
29c
20c
65c
,
10,300
15 %c
July
July
July
22c
91,300
"
12c
—
16
17
1,747
14%
29%
12%
29
12%
492
28%
415
12
10%
50
10
1,140
Jan
?
Jan
'
2.20 Jan
';
Apr
L
35%
v
Feb
Feb
Jan
21
i
51c
45c
Jun
23 24%
105
105
59% 62%
^
.
May
—
29%
12%
11
May
17% May
Jan
Jun
*
—
—
—
95c
10c
Apr
9c
Jan
;
12% May
•*•
111"July
Jan
2,600;
—
85c
25c
17c
?
J
3c
14
20
*
.-1
common—
Grain class A
Class B
46,700,
—
—
Preferred
5c
8.75
3.45
40c
1
Gold—
Martin-McNeely Mines
Rouyn
15c
July
2.50
50c
—-*
—1
Marcus Gold—*—*'-i-
16,000
6.00
3.25
•
& Eastern
Maralgo
..
20%
345
Feb
8.75 Mar
5.55 July
29c
P.34*
1
111
90
8.00
38c
1
Fields
Jan
850
-
26 y2 Mar
-
July
21%
36c
22%
1
•
•
5.00
9c
11c
—I
Mines
Jan
76c
30c
38c
30,700
30c
11c
33c
July
July
11c
1,000
9c
Jan
80c
85c
10,600
80c
July
38c
28c
40c
14,800
28c
July
16c
27c
121,100
16c
July
2.70
2.35
2.70
15,700
14c
16c
8,000
14c
July
48c
116,500
41c
4,600
5e
July
July
■;/■- ffft-
115
52%
5%C 120
2.00
1.30
«?.'•
Preferred '.i, -'-
McMarmac
Red
Jan
McWatters
Gold
2.90
-
McLellan
Jan
Apr
Jan
2.15 Apr
12 %c Mar
-.
71
'
1,705
-
104%
6,500
95c
25c
July
8,700
23o
July
l*?^8
lau
320
22
7c
8c
2,500
9.05
5,750
—*
53%
53 %
55
Monarch Knitting common———.100
New preferred —^—
—100
—
7c
Modern
&
Gas
Containers common
58
May
11%
1,760
12
Jun
Moneta
24
24%
750
11% July
15% Jun
25
Jun
Montreal
21%
21%
575
21
22
Jun
*
Porcupine--J,,
Montreal
Llght
Heat
i.--:
6s Power
*
Locomotive———.———
,
62c
20%
20%
f
102
58c
65c
20 21Va
20
21%
...
95
July
Feb
38
11
15'.'
12,350
"1,480
1,540
.
8.00 July,
115
..
17 17%
101 ya
v
95
Feb
,
Jan
58c
July
18
May
19%
Jun
Jan
:,
1.70 Mar
8'Ac
4s/eC July
34,000
22
—
76%
July
39c
8.00
Oil
Jan
59% July
19,900
—
125
Jun
24c
•
1.17
5c
26% Jun
106% Mar
16% Jan;
23c24%c
32c
•
Mines—:
4%c'
25c*
.
~~~*
Gold
Lake
95c
8.50
99% Mar
-
1.07
•
52% Jun
11%
105
59%
1
Mining Corp ————~.e
70
May
—■
V
—
Mid-Continental
10,736
.
--
.•
Mines—
Mercury Mills
35c
•
,-
Lake
Feb
52%
52%
Red
40 %c
-
common.
Porcupine Mines.—
McKenzie
79c
Jan
Oil
McColl Frontenac
Mclntyre
85c
*
314.
Gold
15,748
9,100
11%
•
Lake Gold
105
-V/*
•
4,200
5.50
—1
109
'
;
18
5.00
__
Jun
25c
McKay class A:v_
'
Red
6c
•
common
Madsen
17c
5%c
u
16 %
Jan
1
Gold
Magnet Consolidated Gold
6.50
5c
see
Feb
5c
38c
■-' ;/,y.',y
17 %
1.46
19c
July
•
Mines
Mines
MacDonald
15c
41c
,
10c
1
i
6.00
l
footnotes
July
70c
J
Rubber
Macassa
6c
1
Grafton .'class A—
class A
10
25c
Mining
61c
4,000
Apr
-—1
Gold
Yellowknife
17c
Goodfish
Class B
Ltd
Goldfields
6.25
Goldvue Mines
;,:y
5.55
21c
Goldora
&
101
25c
,
Golden Manitou Mines
8,100
15c
V
Jan
-
65c
Jan
i
:
...
Mining,——-i.
Tire
Jan
32%
July
14c
Golden Arrow Mines
73c
10c
)
Feb
42c
_i
,
Preferred
Lundward
■
106 106'A
,' ji
Goldhawk
61c
j.
•
Groceterias
Jan
73c
|
Mines.——.!
61c
1
Gold
Louvicourt
ni
.
26c
July
July
1
10
111
18%
t
11
6.10 July
9,700
1
Apr
•
v.-
7.40
35c
1
-
Lingman Lake Gold Mines
Aor
25% July
430
109% 109%
in
Giant Yellowknife Gold Mines—..*
Gillies Lake-Porcupine Gold
l
Glenora Gold
i
Gate
i
Mines
Oro
Leitch Gold Mines. Ltd
Malartic
19
100
t-—-
35
3.50 July
•
Preferred
7%
100% July
3.50
;u
6.10
26c
14,055
30c
MacLeod-Coexsnutt Gold Mines—-—1
•
Goldcrest
Lebel
1 ;
Loblaw
May
24c
Mar
1,480
common
7.00
1
Feb
Jan
29% Jan
•
24% Mar
jZ
Jan
55c
July
16c
390
—1
3
Little Long Lac Gold Mines
9%
May
10
30
5
11,000
100
...
27%
*
Lapaska Mines
Lynx
47c
,100
General Bakeries
Feb
120
July
26 y4
*
preferred
27
1
66
Jan
42c
common
General Steel Wares
6.35
Jan
•
.<V 5%' preferred
Gold Eagle
5%
I*
preferred
5,000
?
>:•
2.90
1.25 July
23,850
27
.*
22% July
Jan
90
'' ' '
Pow
God's Lake
48%
25 y4
Exploration
l'V/. S'-V
Gold ale Mine
4.30 July
Mar
12
•
4%%
1.65
16c 24 %c
•
1
*
Class "B"
Gold
1.25
1
Mines, Ltd
Luz Mines—...
Lexindin
4.60
preferred
1.-25 July
1
Lang & Sons
Lapa Cadillac
Jan
48,600
32
22%
*
833
_•
;
Mines
Lamaque Gold Mines..
53c
55
Mining.....
15,090
1.25
Jan
4.30
Aircraft
For
Fortune
40,550
18 %
Kirkland
Gordon
Mining & Exploration
Gold Mines
Lake
7c
common.
common
Fleury-Bissell
•
-
La&e Dufault Mines Ltd
Feb
1.85
Candy Shops-
Grain
Goodyear
May
,i
32
Preferred
Golden
*
40c
;
Fanny Farmer
Viz
Labatt (John)
Laura Secord Candy—
Falconbrldge Nickel
Famous Players new
»/ 5
21c
85c
12
Gold Mines....
Gatineau
1.60
1
60c
2.75
English Electric class A.
Frobisher
I
Townsite
7c
Gold
Freiman
July
14%
1.25
—
Lake
1.15
Investment
Francoeur
20
1
Kirkland
19,400
43
Fleet
Jan
12%
13%
:
Kirkland
102,200
15
Federal
13
Jun
,
83c
Easy Washing Machine
Federal
25% May
Jun
1.35
Economic
Eldona
28
24%
32c
East Sullivan Mines
Elder
23%'Mar
20c
.
East Malartic Mines
Eastern Steel
125
1
12% July
•*
•*
Yfv .•'
Kirkland Hudson
60c
,
East Amphl Gold Mines
Crest
28
Feb
85c
,
Duquesne Mining Co..
Duvay Gold Mines...
East
23
25
Dominion Woollens common
,
125
18
——
Donalda Mines
28
..—100
————————
preferred
27%
common—•
1
f
1
Kerr-Addison Gold Mines
-
Dominion
July
Mining—
Kenville Gold Mines
Kay rand
Jun
Jan
Jan
37c
Apr
75c
Apr
36c
.22
17c
Feb
Mar
Jan
12%
Jan
59
Jun
18% May
102
91c
July
Feb
25% Feh
22
May
;
flfolume 164
THE COMMERCIAL & FINANCIAL' CHRONICLE
Number 4507
CANADIAN
313
LISTED MARKETS
RANGE FOR WEEK ENDING JULY 12
'...
V.v
Week'#: ; Sales
Range- & for Week
Shares !
of Prices
Friday
STOCKS
vr Last "*
Par
Moore
V
Corp
Class A
Low
.
>.
..100
/>
.1
common
74%
296
.
20%
.*
Negus
ll
,v'(
•$' (> 'i"'.£>? '• 5' i ,'iJ- • %
$ 4 '$£;»*? ^#3#*
>''''
Jan
Vvf- 30
310
52
30
70
Jan •;
20%
'*
7,000
■■■*■'■
-
5
275?
,
30
2.35
22c
a
Bidlamaque
45
1.20
?..i
„
Friday
'
Week's
;
Sale Price
Par
4
; >
Sales
1.50 Jan
45c
;
14,100
15,402
1.16
33c
30c
33c
.1
23c
15 %C
24c
.3,500
July
^
27%
27%.
6%
6%
Stanley Brock class-^
^
,85c
^6%
11%
Bteel
Co
of Canada
12 %C
10c
13c
10,000
—
.5
,—
3.25
3.25
225
3.25 July
30c-.
•
58%
4,000
64c
8c
Norgold i
61%
52c
Norbenite Malartic Mines.
9%C
10,700
5,000
72%
July
8c
Jun
1.03
Jan
27% July
11%
6% Jan
Jf/v?f9%May;/:
11'A July
175
31,200
85C
12'A
Jah
Jun
Ajii
1.50
v
-
91
92
245
79
Jan
93
May
92 'A-
93
100
80
Jan
95
Apr
18c
Jun
40c
Feb
...
180
18c
3.10
2.70
18c
500
3.20
20,650
»
Sullivan
Jan
May
9%
350
,
;10S^36:
lOO
22
r
1
25c
25c
25c
12c
14c
13,000
28,000
14,700
1
2.05
1.70
2.10
65c
2.65
2.45
,
71c
2.90
7,750
1.06
> 4.45 Jan
:
Jan
v
10
25c
Jan
105,,-
July
23
Jan
Mar
|.
Mar
45c
Jan
-
July
10c
.
23%c Jun
Jan
& 1.70 July
48o
"•1,050
27
«
7
20
4,500
12o
2.70 July
98
.
22%
—**1
Mines..
Cons
9 %•
-/^OS
Surf
Mar
2.24
9% '
;
:
Inlet Consol Gold—*^*—,50o
Sylvanite Gold Mines
1
1.05 Mar
15C
g
'
Trust:^*^w.;-^-—i-p^...-10O.
preferred
Sturgeon River ........———...
Apr
5.65 Feb
58% July
52c
18% Jan
510
8$0 f 1.02.1
:
92'A
,
,
Sudbury Contact....—..*.
Noranda Mines
*
common*....
Stuart Oil
Jan
30c
'•
10% May
V'-'
Steep Rock Iron Mines***.....,—■
Sterling. Coal
—
.....100
Sterling
Mines
High
Jan
Apr
33c: May
..
.
7
%
•••
Preferred...^*—.25'
1.16 July
n
Low
..
■
fifeoiny Mining Tnrp
62c
.
Jun
15 %C July
10c
July
'fti
.
Apr
Range Since January 1
815
Mar
•
54,700
r
*
-
-
Jan
30a
8%
3.25 Mar
■„
35c
60c
7%
?
Paving common
Preferred.
July
30 V*
Jan
35,825
8
-Standard
v;May'
32
$
Shares
High
s
*
Feb
21
•
-v
for Week
of Prices
Low
Jun
52
Apr*
24
1,035
2.45
1.00
81
•
May
27%
*.
Mines
Nib Yellowknife*—-*.
Nicholson
V.J; '
Last;'.:.-.-;/ Range
}
May
45c
16% Mar
20
27
35c
40c.
i
81
July
50
2.00
.
Calumet-Mines—
Niplssing Mines
'<■
•
'*Jl
V?"
High
70
I
Gold
0*
v
f 510
25c
20%
30
....
Newnorth
'
••
Range Since January 1
Low
79j/4
22c
—'
—
common-
Grocers
National Sewer Pipe Class A.
Nationai steel Car:
New
r
STO0K9
High
52
—
Kosher Long Lac
New
" '•*; ^
>
«
Standard: Radio—
78 'A
common...
National Breweries
National
V
;<
.
Sale Price
■/.
' 'u
.:;v
100
^
3.25
Jan
Feb
1.09 Mar
2,45 July
4.10 Feb
'■
Normetal
Mining Corp Ltd.
1.70
1.45
1.72
50,465
Mines,.,............
15c
12 %c
15c
38,600
12%c July
17,300
.12,100
2,700
July
95c
Apr
8%c May
22c
Jan
Norseman
North
Mines
Inca
Northland
Mines
46c
35c
50c
9%c
8%c
9%c
70c
75c
35c
33c
Taku River Gold Mines
Taniblyn ,(G)
Jan
Preferred
1.04
1.04
26'A
26'A
,
•
common
50
—
52%
1
■
O'Brlen
Okalta
Gold Mines
1.70
37,100
50c
2,500
22c
O'Leary Malartic Mines
2.20
45c
Oils
24c
9,100
70c
20
20
28c
7,600
40c
65c
30,600
1.00
1.42
88,450
Osisko
Lake
Pacalta
i
Oils
*
Pacific Eastern
Pacific
Page
Hersey
8c
1
Petroleum
80c
82c
1
—
20
9c
6,000
80c
500
82c
295
65,900
15c
23c
26,500
10c 12 %c
4,500
8,000
1
1.45
1.45
1.45
26%
14
21'A
1.00
July
May
Jun
Toronto
Iron
Works
Jan
Toronto
Iron
Mortgage
Paramaque
Parbec
Mines
Malartic
—
........
Gold
14c
16c
5'Ac
7c
62c
50c
67c
80
80
5
13Vic
13'Ac
14c
8,200
1.00
Malartic
—
1.35
6,000
1
-
Paymaster Cons Mines Ltd
Penmans
Ltd
1
*
common
Pen-Ray Gold Mines
Perron Gold
1
Mines.
6,500
57,000
Feb
Towagmac
May
1.65
Exploration
Finance
Traders
Jan
1.10
class A
._***•
10c
July
35c
Jan
14c
July
29c
Feb
United Fuel class "A"
5'A July
11c
Jan
United
1.06
Feb
-Union Mining
United Corp class A
Class B
Jan
Pickle-Crow
Gold
Gold
1
24c
3.00
3.50
4.50
4.00
4.60
5,450
35c
38c
11,000
1
Pioneer Gold Mines of B C
19c
3.25
1
—
19c
1
Mines
Mines
35c
40c
I
31%
35
13,700
13,024
81
Powell
River
Co
«V:
&*?•,
1
35c
.
3,700
35c
29%
Powell
Rouyn Gold.
Voting trust certificates—
Corp. —
75c
87c
61c
80c
8,900
14,450
14
*
14
25
75c
Pressed
1
Metals
1.60
1.95
100
58%
58%
1
Preston East Dome
Proprietary Mines
18
1.70
14
14'A
"
46c
Preferred
46c
500
lie
lie
12%
13%
3,000
1,455
40
Jan
57c
Apr
Apr
36
July
July
1.75
;
■
:Vt
V'r
May
Jan
July
20
25
Mar
35
33
35
75
24 V
Mar
35
1.20
27,100
90c
July
12
6,515
10,711
-
July
1.8O; Jan?
10%
\ 18c '
20c
25%
..
9% Mar
$ay
*12%
.
28%
July
45c
26%
Jan
32
Jun
185
31
18c
230'
22c
30
24
Mar
31
May
May
May
Jan
53%
205;
40%
Jan
7%
7%
8
150
6
Jan
11
10'A
10
10%
6,135
8%
Jan
13% Feb
1
2.28
2.00
2.50
18,400
•
11%
11
12%
54
\
58
2.00 July
1
8
8
32c
*
36c
12 %c
16c
11
3,470
60
1,700 ?
4,000
1
.
—
Wekusko
1.65
Jan
14
Mar
17%
Jan
,v,
—
4.20
3.10 Feb
8
Feb
16 »A
July
8
July
Apr
87c
Apr
32c
Jan
12 %c July
4,425
4.10
3.95
146
140%
•
20
20
20»/a J
84c .r
70c
85c
35c
30c
37c
*
Consolidated—
—*1
*
26%,,
a
3.93
4,972
154
*
•
com
Preferred
Wasa Lake Gold Mines.
Jan
62c
25c :
28c
205
210
228'A
24%
Feb
20
70c
July
July
30c
53,700
5,900
5.10 Feb
July
108'A
807
40c Mar
July
156% May
23% May '
1.69
5,600
Jan
55c
Mar
60c
24'Ac May.
Jap
"94
.Western
Grocers
Preferred
*
common—
*r*
100
-
Products
—
26
*
54
1.60 July
Mar
58% July
16% May
22'A
3.45
Jan
Wiltsey-Coghlan Mines
Winnipeg Electric common
17
Feb
72c
Jan
Preferred
Winora Gold
62
145
Jah'
230
130
155
Jan
26
70
-
24% July
14
46c
July
July
Feb
Westons
——
Jun
230
July
30
.
Wood
Alex
Jan
15'A Apr
Wool
—
51
Feb
55
805
1,500
80c
90c
5,400
69c
Mar
55c
77c
8,700
55c
12
15
2,781
12c
JulyT.t
July
25c
9,600
20c
July
40c
Jan
Jan
24%c
Jan
X
93c
13c
15
13c
13%
15c
15'A
100
100
&
15c
20c
4.10.
125
26%
4.00
125
26%
4.40
37c
33c
37c
2,600
—
16c
16c
6,400 '
*-
16
17
150
34'A
34%
$1,000
17c
100
5
26%
—•
1
preferred
—
Jan
15c
July
117" Jatt
94'A
24
Jan
43c
July
12% May
10
25
8,615
1
James
36% May
108% Feb
13c
11,200 ;
4,912
250
6,000
—
Mar
21% May
Apr
105
43c
Feb
131
Jun
29
Mar
May
Apr
July
55
—
——•
—.—100
Combing
1.80
105
104% July
475
104"%
Mines
22'Ac Feb
II
54%
32%
105
•
common
10'Ac Jun
54
31
100
Ltd
Preferred
25
220
♦-
Jan
1.70 July
3.30
1.65
..
39c
July
53%
Waite-Amulet Mines, Ltd
& Worts
7.70 Mar
20c
Quemont Mining
:i? ' fV ,*'
3,000
1
Quebec Gold
Quebec ManitouU—
Queenston Gold Mines.
}
30,275
10
Purdy Mica
Purity Flour Mills common
Apr
1.40
;
i.
'i
{
Wright Hargreaves Mines
Apr
Yellorex
1.15
•
Jun
2.15
Jan
Apr
Mines
'York
i
—
-
GlrL**5i*—ij
Ymir Yankee
1.25: Feb
23'A- Jan
Knitting^ommon——12;
•
%
.
4.00 July
32c
6.55
Feb
Jan67c
15c
Feb
39c
Jan
July
V4^M,ari:- ,on
BONDS
Regcourt Gold
Reno
100
2.25
*
Prospectors Airways
10
18
1
—
3,800
20c
132
•
Westeel
Fremler Gold Mining Co
Premier Trust
Jan
90c
11%
50
...
West Malartic
Power
13% May
14
Apr
'
11% Mar
3,500
35
Jan
July
t
Jan
76c
Feb
11%
Feb
46%
170
25
Steel
Villbonna
Feb
4.95
July
1,390
.
Jan;/
Jan
104%
10
20c 24%c
35
♦
Viceroy Mfg
?>->.
-
50
1,700 1
125
July
Ventures, Ltd.
Jan
47c
July
12%
12. 12y8:
•
Walker-Gooderham
Porcupine Peninsula
Porcupine Reef Gold Mines—
142
35c
Upper Canada Mines Ltd
Jan
1.95
July
3.00 July
4.00 July
itr*::-;?
.Jun
2.40 sFeb
65c
Apr
Jun
40c
19c
) 10
—
1
Vicour Mines
Picadilly Porcupine
170
1.18
.
•
Feb
Mar
36
..
*
46c
71
125
125
25
Feb
2.85
13'Ac July
1.00 July
1.25 May
Mar
1.45 July
1,7001
*
Transcontinental Resources
rf: 150
.
42
12'A
1"
Class B
Jan
35
July
May
5.35 Feb
May
80c
July
20
12%
__
»
1.00 July
15c
July
50c
M
May
49c
230 S
35c*
10Q
Class B
Partanen
40,800
j
166
*
common
Union Gas Co
Pamour Porcupine Mines Ltd.
Pandora Cadillac
53c
54;
.
3.05 July
!1
42
35c
..
__
100
class A
Toronto
18c
Jan
1
*
common
May
2.50
Jan
80c
Mines
57c
July
7'Ac
Gold
86c
Apr
20c July
40c
July
27% May
%'■:
Jun
13% Mar
28%
34
1.57
Toburn Gold Mines
Toronto General Trust
75c
33
Jan
Tombill
100
1.00
(new)
24
Toronto Elevators
75
20c
23
Feb
23%
Mines.
65c
24
Jan
23%
Gold
49c
•
43c
20c
16c
Preferred
65c
Tip Top Tailors
15,700
/1.95 Jan
Jan
52% July
17,912
"
July
Jan
57c
19,500
78,800
Orlac Red Lake Mines
1
Jan
3.85
July
July
25c
25c
Orenada
65c
25 '£
4.00
55c
37c
20c
common
3.05
61c
Jun
16c
Crush
4.00
*
22c
Omnitrans
Orange
x
90c
1.70 July
40'Ac May
Omega Gold Mines
Exploration
1.40 Feb
July
'
54
&
Teck-Hughes Gold Mines
Thompson-Lund Mark Gold Mlaes
Thurbois Mines
..
Northern Canada Mines.
1.04
21'A
Gold
11c
Richmac Gold Mlnes-
30c
12c
4,500
51c
29,700
7%c
30c
Riverside Silk Mills class A
*
35
36
115
34
Jan
39%
*
48%
48%
10
42
Jan
49
Jun
*
12%
13
525
—-
34 Vs
Juljr
43
Feb
Apr
Robertson
Uchi
(P L)
Robinson
common
Cotton
12% July
Toronto Slock
16'A May
Roche Long Lac
Rochette Gold Mines
lie
12c
2,500
10c
Jun
22c
18c
18c
1,000
17c
May
38c
30c
47c
26,700
30c
July
64c
Feb
Roxana Oils
85c
95c
6,100
80c
Jan
Royal Bank
25
25%
170
20
Jan
25% July
Royalite Oil
18'A
18%
314
Jun
25
Canadian Funds
Jan
Rouyn Merger Gold Mines.
Exchango-Gurb Section
Jan
Rush
Co
Lake Gold Mine
17%
Industries
common.
25c
*
Ryanor
26c
4,000
25c
62c
4,035
14% May
16
1,000
15c
25c
Sale Price
/lloeo
San
100
Jan
105'A
July
July
Brown Co
Preferred
106
40
104
Jan
106
i
100
8
Jan
9%
Apr
Canada
&
34
160
30
Feb
39%
Jun
Canada
Vinegars
4,970
6
4.25 July
Dominion
Fairbanks
8c
1,000
8c
May
14c
Jan
Canadian
7,500
28c
Mar
50c
Feb
Canadian
15
15
20
76c
84,766
25'A
205
35c
50c
16,400
1.01
-
1.25
2,800
15
July
40c
July
21%
35c
Jan.;
July
1.01 July
Canadian
16% Mar
1.63
Canadian
Jan
1
2.35
2.74
134,470
♦
13%
14
130
13%
—.—,*,„...
Sigma
11%
Silknit Ltd
New
.
11%
preferred
13%
150
new
•
com
;———*——*.•
24
90
17%
16
17
1,175
17
17%
12
24
common.
Silverwood's Dairies
Class
:
B
new
38%
....
34%
_
Preferred new
Siscoe
Gold
78
85
540
28
29%
220
*
*
23%
23%
23%
17%
105
23
17
Mar
8'/a
82c
2.08
Western
Apr
Apr
29%
Jun
Feb
29
Jun
18
Apr
17
2,842
.1,558
36%
.
38%
275
32
35%
1,150
106%
Mines.—
75c
65c
3
3
40
42%
2
3
27/a
52
52
20
—
A—.
Oil
18,800
'
deHavilland
Preferred
11% July
13'A Jan
17%
Feb
25 %
Jun
Dominion Bridge
Dominion Textile
13
Apr
18'A
Jun
Donnaconna
10
Feb
18%
40
May
24
"Jan
May
108% Mar
July
1.40
Feb
Apr
Jan
32j
Jun
85c
Jan
395
7
Jan
18
Apr
20
118
Apr
2,100
Aircraft
*
17
17
18
150
150
165
common
*
20%
20%
85
-—•
41
41'A
335
106% 108'A
Disher Steel preferred
21
.
Jan
18% Feb
39% Feb
21
95%
*
17
17
25
15
—•
common
1.55
1.61
2,025
29
30
100
—•
Paper
Hayes Steel
•
37'A Jun
65c
23%
'
Jun
Jan
61%
July
July
36c
100
3.65 Jan
15'A May
15'A May
27'A
Jan
32c
5
33c
33c
*
-
Jan
101
107
76c
52
Jun
Jun
3.80 Feb
15% Mar
17,647
*
5
43%
2.80 Mar
55
•
31
3'A
*
Lumber
40'A
May
July
May
3
3'/a
41'A
'
„
39
-a" v
Jan
13% July
13'A July
1.66
Apr
104%
Jun
14
75
40
*
common
Consolidated Paper
Consolidated Press Class
,1 26% May
40
40
common
Foothills Oil & Gas
Simpsons Ltd class A n*w.
5
81
Sugar
Westinghouse
Dalhousie
Mines
7,125
1
Vickers
24
Gold
6
29%
Marconi
34c
40c
67'Ac
1
Shawinigan .....—
Shawkey
Sheep Creek—
New vto
5
*
—
8c
Scythes Ltd new common—
Sherritt-Gordon
5%
High
35
July
Feb
8'A
32c
Slck's Brew new common
30
•
1
Benator Rouyn, Ltd
225
Jun
4.75
8'A
Mines
Sannorm
Low
30
July
78
July
19% May
*
-
Canadian
Sand River Gold
Range Since January 1
High
30
100
;«*
—
4.25
fift
Low
30
1
common
33%
•
A
AntonIo~GoId"Mne7Ltd""""."—-1
Shares
*
Bruck Silk
Saginaw Power preferred
St. Lawrence Corp common
for Week
Per
Asbestos
Jun
15c
Range
of Prices
Jan
16
Sales
Last
Jan
15%
1
new
Week's
Friday
1.57 Mar
15c
Russell
STOCKS
International Paper common
Langley's Ltd preferred
48'A
15
100
45%
80%
50'A
80%
2,655
Feb
165 •* July
21
July
45%
118
Mar
20%
1.50
Jun
2.15
23%
Jan
44% Mar
25
Jan
56
18
Apr
May
Apr
Feb
39
Jan
59
Apr
85
Jun
r-
Sladen
Malartic
Slater
(N)
Mines.
Springer
Stadacona Mines
21
90c
1.05
80c
..
50c
32'A
19
1.00
Sturgeon
37c
32'A
21
————
Southern Co
45C
32'A
-
71C
84c
11%
11
■:
Minnesota
25
Jan
32'A
Jun
Oil
18
Mar
2 2'A
Apr
Pend
Oreille
Price
Bros
23,600
9,753
37c
July
1.12
90c
July
1.50 Feb
7lc
July
1.55 Jan
Selections
5
11%
•
Preferred^
For
footnotes
see
page
314.
,,,100
102%
102 102%
3,290
10
55
100
Mar
Jan-
16% Feb
105:.
Jun
22%
4%c
4%c
7,360
1,500
1
—
3.00
3.25
4,285
*
65
67
'1,7 'Jvr-J'f-VS-V
.*
.'4.
25c
%
'\
Investment .***————*♦ ;
-
-
ft
Mining
July
3%c Jun
7c
Feb
2.70
Jan
5.00
Feb
440
57
Feb
67
July
100
22c
Jun
31c
Jun
Feb
10'Ac July
5
Apr
33c
;
•
25c
——*
Stop & Shop
Temiskaming
21%
—B
—
common -i—.——
Southmount
Standard Chemical common-—*——*
18
*
Ontario Paper
&
Jan
200
305
38,815
w,.
27'A May
2%
—i
13c
25c
3%
10'Ac
3%
13c
85
4,800
3
Jan
THE COMMERCIAL & FINANCIAL CHRONICLE
Monday/July 15;
OVER-THE-COUNTER' MARKETS
'
*
Quotations for' Friday; July lfct
"'
••••
':
_
t
'^'Specialists, *
ft': s-5ar":":'"':'
Shaskan&Co.
SECURITIES
OVER-THE-COUNTER
Members New Ytfrk Stock'Exchange
MemberSx New: York Curb Exchange,
Firm Trading? Markets40
ACTIVE: ISSUES
250
Tel:
DIgby
120-Broadway, New York
w.mhi
&
co
Phone:
Exchang* Place, New York 5* N. Y.
4^050'
/
-
Bell Teletype NY 1-953,
•
2-8700
REctor
Tele/NY 1.-1287 & M 288 ;
Members-New York SecurityDealereAssociation
192&
Established
V
Foi QuoKations, on Real Estate Bonds
Hired »Wiret-, to
CHICAGO,
r-
Reorganization Rails
PHILADELPHIA;
(When, as and: lt lssued)
Bends—
Investing Companies
8.98;
9185
1%
10f
American Business Shares—,—1
American Foreign Investingi.100
Assorted standard Oil shares—.
7.42:
7.90
Affiliated Fund Inc
24.75
Series
K-2_
30,66
18.25
20.07
16.08i
17.69
Income
10,55
Series
8-4
6.99
7.36
,
Knickerbocker
8%
Fund.
Loomls Sayles Mutual Fund,—*
Loomls Sayles Second Fund—llfc
Century
8%
27.75
16.11'
Securities, com—106,3,375,
Preferred
———100! 147
Christiana
—1
Commonwealth' Invest.—
1
Fund
Delaware
.
9.21
31.44
17.35
17.66,
Nation-Wide
37.01
Balanced
Industrial FUnd,
Firtflnclfll
Jnc-10
Corp
Mutual Trust
First. Boston
10
153
Bond
7.52
24.97
2.00
16.98
Aetna
12.94.
13.99
JO
8-13
American
Alliance
American
Automobile
series
9.55
series
9.29
10.22
9.30t
:
11.93.
American
18.32
Fund
19.28
10,49
9.55?
11.45
20 *
17.50
Putnam (Geo)! Fund———..I'
4.25
Republic .Invest Fund
6.70
7.33
Scudder, Stevens & Clark
Fund, Inc^.—
Selected Amer Shares
7.22
"5.88
7.03
7.73
v4.v
»..
Common
90c-
; —V"*^7,;
1.95
31.27
2.00
Series
33.62,
shares
16.12
—
97o
—
Insurance Grrup shareB
1.12
Stock and Bond Group shares.
Investment
■
/
B
Investors Fund O—
i
Series
B-3
61%?
ProvideneerWashlngton, ——10
.20
20
180
—10>,
60
185
.
1
20.93
Reinsurance Corp
-
115%
13%
14%
Revere
Security New Haven
SprlngHeld Fire & Murine
40
Travelers*
2ndypreferreds—————,>.155
Great; Amerlcap^^.—,——
98
Hanover.
8.45
Hartford
Fire
*
102
U S
U S Guarantee
\
26.13
22.67
1
Sioux City Gas & El 2%s
&
Pow
Lt
3VsS>. .1974
Socony
107%
.1974
105%
.1976
105
105%
Serv 2%s_— .1975
103
Cent
3.50
•-
Conn
7.95
Erie
2.95
Pwr
&
3s
K>. .1980
ser
RR!: 2s
Iowa
3.92
Pub
Serv
Ltr3%s>^
9911
104%
.v
.
'bl.00*
U S Conversion 3S
1947
1961
....
..
tDec
15i
194R
IMarch 15,
Wept.
15}
*8ept. 15.
Int. Batsc
MBatt;
Bid.
Bid
A«kv
Aik-
v
1%%.
*•%.*>•
1%%
—,
;
100.6
100.7
1% %?
1947
1947.;—
100.7y 1-100.8'f "i
100.7>'100.8^
100.22
100.23
100.12
100.13^
101.2
101.3;
101.3
1947^^—,^.1%%.
i-1%%*
■!%%>
XVt%l
I8ept;T5* 1948^
,
lOl^r
130%..
,
t%s Aug 1,
V/bB Sept. 1,
■<
«
%
Gen
104
1975
106%
Serv
(Indiana)
"
103: ~
100%
100%
2%s—. 1971
-
99%
102%
104%;
103%
104%
Service
2%8—-. ,1975,
Power & Light 2%s_ 1975
1976
102%
102%:
102%
102%
M04,%
| 107%
Maine
Central Pow
Par
Power
& Lt
4%
3.50%
96%
100
107%.
107%
104
Monongahela.Power 4.40%—100-
108%
my*Mm
Ohio"' Public. Service
105%
mvih
107*/»t
3%S— 1975,
1975
103
Public
—
3.70%
—
Setv-V (Ind)-
105
109%,
106j/2
105%,
,
3.50%_——
(Jacob) 4%%.
100
Spring Brook 4.10%
Sioux City G & E 3.90%
100
106
107"
Union Elec if Mo
3%%
106
107
Oil
$3.75.^
106
107
102/
103
Ruppert
108%*
%/: Jt04%
102
3.90%
Electric
107%
109
Scranton
#03%
#00;
105 %r
2%s_. 1976
Pennsylvania
97%
106
106%
,
Jersey Central P & L 4%n
1986.''
1975
100%-'
102
Central
103
f
Alk
102:.
1975
2%s__—. .1975,
ElecTVas
United
131%
......
;
107%
108% '
Union
103
(Cal)
*
for discount at purchase
are
i,K
tv.
BI4i
v
Bid':
Ask
Treasury bills—.
point
Dollar Price 100 Pine
Bid.-
...
Ask*
1946—
Ask.
b0.375'
0.34%
b0.375
b0.37te 0^8%
July 18, 1946—
July 25, 1946__
Aug* 1, 1946—
Aug, 8#. 1946
Aug. 15, 1946_.
Aug. 22.
1946—
0.35%-
bO.375- ,0.33%';
bO.375
b0.37fe:
0,33%
b0.375
0.35%
bO.37,5
0.33 %V
b0.375:
0.35%
b0.375
0,34%
(
bO.375
0,35
bO.375
0434%r
bO.375
0.35%;
0.35
%5
1946*.
t%s April 1, 1947,.
t-%8 June 1; 1947.
t,%S.July4r1947.
'
Stales Treasury Billa
Rates quoted
.rrr-Pt
a
g
llveredf
.0390
.0429
lot sales,
Odd
Formerly
sale—not
*%s March,V1947.
,
-
T
Ask
t7/»s Oct. 1, i946—.
t%S Nov. 1, 1946—
*%s Dec; 1, 1946-.
t%s Jan. 1; "1947—
4%s Feb, 1, 1947—.
•
(
'
a
Certificates of Iftdebtednesst^f
';
'
Maturity—
38%*
0.85%
Quotations For U« S. Treasury Holes
Figures after decimal point'represent one or more 32ds of
95
36 %
,1975
Preferred Stocks—
J04%
101%
:
Maturity—*
90
*
Oct. 15, 1946
Panama Canal 3s
.
61
2%s_. .1976
Oil
Utah Pow' & Lt 2%s
101%
!
104%:
.
Other Issuet
100%
104%
58
Wisconsin Elec Pow 2s/8S— .1976
JQ6%
101%
1965
Monongahela Power 3s.
Montana, Power 27/rs
Mt States Tel & Tel 2%s
BML
100ft
>
51%
103%:
Texas
111%
106%
•
kans
Scranton-Spg Brook
Federal Home Loan Banks—
100^.
36%
705
49%
Tenn Gas & Transm 2%s_. .1966
99
1976
.1976
2%s„
Jersey Cent Pow &, Lt 2%s. 1976
Okla & Gulf Ry 3%s. 1980
3.37;
23.00'
Page 296
Ask
100%
696,'
-
Texas Elec
104%
:
110%
1953
-
Illinois Power Co 2%s—:
shares—
——1
Lt
3s
Power
Pub
Vt
Vacuum
Standard Oil (N J)
106: •'
Calif Elec
Public Sery (Okla) 2%s
1950-1948
37%,
123%
Bid
BondsArkansas
Pub
X,
35%,
119
Recent Security Issues
28.56
20.79
,
Portland
May 1,. 1952-1950
lVaS Jan. 1, 1953-1951
2y48 Feb. 1, 1955-1953
10
2.60
•
56%
1.24
25.51
Philadelphia Elec
l%s
80
-53%
ir.
13.18
0.90%
29
34%-
4v
Westchester Fire
1974
109 % $:,XWA
Narragansett Elec 3s
Ohio public Service 2 %s— 1976 ' lomlmm
.
100
U S Fire——
127
10:
10i
—
7%.
32
63.50
1.11
23.79
FOR NEW YORK CITY BANKS & TRUST COS.—See
Bid
_
—
30%
122%
12%
Fidelity & Guaranty Co—2
32%
28%,
-10
—
•
31%
10-
—
10.17
Trust
6%
10
37
15%
27
2ft;
Globe? &. Rutgers, Flrp .com.—15 r
88
42%
77
Standard Accident
3
—
67%
14%
30
>10'
—
11%
24.75
v:' i,'
Series 1955
*
—2,
—10
Fire
25%?
56%"
Laclede Gas
1%S Oct
(NY)
(Texas)
(Paul)
10%
21.76
Series ms*
;,,, „i„V
U S El Lt & Pwr Shares A.
Federal Land Bank Bonds—
Republic
0-
54
9.35
■
-
.
63-
' 111%
-.10
'
40 ; •
23%
—
D
30.91
19.06
59%.
fti
—
Glens Falls Fire——>0 *
Diversified Trustee Shares—
30.04
28.22
.10/
Birmineham Electric 3s^
17.43
28.66,
——
—
Preferred Accident
84
Globe A Republic-
12.05
North Amer
6eries:;B-2—.
74%?
64%,
10
Seaboard r Surety
A—-
Independence Trust Shares
B-l
70%
107
10-
—
St Paul Fire & Marine
Unit Type Trusts—
19,52
38.93
Keystone CustcMan Funds—
Series
Pacific Fire
Phoenix
41%
1.24
17.81
35.81
.10
102
37
38
92.
1.07
60.50
25o
Wellington Fund
1.08
25
7%
88
.10,
Fire
6%,
12.50
Indemnity Co
k
'
—
Series"
Northern
26%
Union Preferred Stock Fund
17.66
17.06
oL America
Co
.
16%
5;-<
-
39%.
Union Common Stock Fund B—
Ltd-—
Bank Group shares
.
Trusteed Industry Shares
Union Bond Fund series
v
Aviation Group
* *
Northeastern
•
24%.
16.38
97c
55
25%
35
118.58
7.72
2
100
52%
15%-
36
5.29
15.02
2%
Utilities
35
23 %
18 82
117.62.
34%
33
10
30?
4.81,
State Street Investment Corp...
1.10
•.
100
Securities
1
Boverelgn Investors
Standard
Fund Ino
Incorporated investors—
Institutional
Trading——.
32%
52%
.
Petroleum" &r
*
*
2.50
3'
13.85
5.34
78
: -
7%
195
—-ft*
—
General Reinsurance Corp
10Gibraltar Fire & Marine—10*
'
Holding- Corp————— 1:
Franklin
*11.76
10.42
6.56
;'h-
Fireman's Fd of San Fran
Firemen's of Newark—-
10.70
shares
j
Fire Assn of Phlla—
9.32
Railroad equipment
"hares.-
75
50
7%
2i:
—.
70
185
10?
-
:
26%
67
20
Casualty-
8%
6
24%
2
Fire
River
Pacific
10.62
6teel
6.72
6.66
->10"
10
15.52
10.94
3.85i?
6bares..
27
Employees GroupEmployers Reinsurance
Federal;
Fidelity A? Deposit of. Md
12,73
9.66,
—
25
North
17.78
11.59;
Union
New Hampshire Fire
York Fire
8„
8.47
6.09
Bond shares—
v//v/•> v'
15.62
Liberty.
New- Amsterdam
25
Continental Casualty—
-Crum & Forster lnc
12.84
31
5
—101,
New Brunswick
23%
10.
14.13
Metals
Railroad
8.60
"7.82
Steel shares
'/v
14.22
16.19
11.69
12.39
6.11'
"
—
Income Foundation
Diversified Investment Fund—
Speculative
Diversified
13.01
96%
7 %v
(Detroit) l-10
—
National
67%
0.
Connecticut General Life
17.10
.
11.84
Oils
>
11,IT
9.96/
Equipment shares—
Huron;
11.18,
16.49
stocku.—i———
10,46
9.52.-
Casualty
New
18.87
shares.
43
«%•
City of New York;
—
17.19
12.62
Mining shares
Utility
12.29
Building supply
Business
Equipment
Chemical
—i
Merchandising
Merchandise, shares
41
80
Camden Fire
9:99
11.29i
Tobacco
9,96
12.75
-
21%
92
4?
—4v;
National Fire
15.76
9.09
—
stock
9.06
14.35
shares—t
National
74
Boston
15.22
shares—;
20%
71
Bankers & Shippers.
11.60
stock.
13.86
Machinery:
18%
10
Automobile
17.03
41
20
9
N Y
Monarch. Fire
23;
Baltimore American
15.51
Machinery
Low Price Shares.:—-—
Railroad
—10
Surety—
7s54
Investing
RR
35%
3%
Reserves
American
6.76
10.65
Railroad
33%
Re-Insurance—
—
—
bond, shares.
Petroleum
—10
American
5.31
18%
104%
20 %
5.72
^ Electrical
equipment———y
•" ?
Tnsurance'
14,99
13.66-;
Institutional .bond, shares
-
20
5.15
*
8.75
7.96 v
Administered
General
Merch &?Mfrs Fire
—ttr
American of Newark
Aviation
10.89
10.86-
Electrical Equipment.
Industrial
Merchant Fire Assur
10.51
8.33
17%
29
12%
13%.
9.52
4.77
32%
102
Maryland
23
5
Casualty
7.52
Ask
49
'
38*
12%,
Fidelity A CasualtyJL
series
«
10
11%
Equitable—.:
American
series.—^—/
aid.
46
20
21
American
Automobile
~6.89
8.45
sharea—
57%
30%
Casualty
—1
Massachusetts Bonding——12%)
American
Agriculture
•
Fully
36%
6.61
New fork Stocks Ino—
7.81
9.91
shares.
25
24%
34%
8.48
Bank
Buildipg shares—
Insur Co of North America
National
'
Food shg res.
22%
4.
10.62
New England
19.44
6.56
—
23
Par
58%
83'
"
10.
5.89
Speculative series
50.33
shares.
72
55%
Hartford Steamboller Inspect-10
Rome
ft
Homestead Fire
10
58%
8.57.
6.87
Group SecuritiesAgricultural shares—-
35
70
St Louis & San Francisco eomu..
99%
,
80 '
7.72
Stock
58%.
.
17.74"
Aviation
56%
Life..
6.85
stock
Industrial
2.71
—2
General. Investors Trust—
'
33
com
4ok
55%
Agricultural
7.45
32.05
Fundamental Investors Inc
Chemical
96%
.10
6.21
—
Selected series
56%.
General Capital, Corp—
Grande
—
Jersey Insurance of N Y.
series
19.17
7.79
Automobile
Blft
-10
—
15.82
1
series
Income
Preferred stock
—o
Fundamental Trust shares A—2
Rio
Insurance Companies
Aetna
shares
29.64
Fund-
Flrstf
84
National Security Series—
2.47
Fund Inc
Fidelity
Inc..
National lnvestors Corp
17.93
—
&
Preferred,
103
Par
Aetna Casual & Surety-
Securities—
27.72
—
Fund.
Stock
;
Preferred
19.30
29.76
Balanced Fund.,
Denver
:
,
.
82
18.66
Fund
Low priced bond
y
;
ioi
33.81
1
& HowStdr-i
Eaton
:
^
Low priced stock common
Dividend Shares-..——.250
v
101%
75-year. 4%s*
10.13
1
2d Fund
——f.,^«I0d;
Investors
Mutual Invest
17.42
3,475
6.92
23.11;
1,83
K
,i
60.70
59.49
Trust
Common
5.50
34.42
1
Fund-.;
Chemical
81
132.40
Mass Investors
24.94
25.71
5.00
Ltd—.—.1
Inv. Fund
48
79;
100
Manhattan Bond Fund Ino—
23.07'
Shares,;Trust————«.•*,.
84
103%
109:29
23,47
..1
46
;
5% preferred
i
82
8.15
;
25.8L
.—
Common
7.76
21.41
Chicago Rock Islands Paclflo—
94J/2
/
1393
1st 50-year 4&
S-3.
Ask
Bid
106.
92V2
San. Francisco-^
36.30
8-2;.
Series
Mass
Canadian
&
33.07
Series
104.92
Broad Street Invest Co Inc
Ltd
Bullock' Fund
Bt Louis
104
//>'•
2018^
33.73
Series S-l
5,75
.
*k
—*J
■■■
inc_—.—*—
•
Income ;-4%ari
1st 3-4s income—
9.81
——
of. America—
Tr
22.59
Grande*-
9%
9.
Beneficial
Boston, Fund
K-l—
Rio
12,36
5.25
11.39
Axe-Houghton' Fund' B—
Blair, &. Co—-.-
12.38
11.29
B-4.
Serles
42
Ask
Stocks.—
1994,
2019;
conv: income?, 4%s.
Denver, de
19.71
Axe-Houghton Fund Inc
Bona, inv
ill
Bit
-
,
40%
Corp J
Amerex Holding
Series
Bid-
•
1st As—
Pas
Aeronautical securities.
•
Chicago Rock Island, ds Pacific-*-
Keystone Custodian Funds, (Cont,)—
Funds*/.
Mutual
-■/ ■
Club
x
b Yield price.,
Aluminum
Included
in
range
Utensil
c
Ex-dividendr * y Ex^rigthts.
♦Nonpar value.- tin default;;
dividend.;:: v V;v
Ceshlsale. d Deferred delivery,
e Ex-Interest.
fFlat price?
k Removedito' Stock.Exchange, r Canadian market. sCash
H Ex-stock dividend.
(Un) Unlisted. Issue;
wd.,Wben. de-i
fv '
*
' *
*
?
'
Cd*
for year,
,
tTheg&bon^s
\.
are
-subject
tc/ all* Federal*
■,
taxes.
.HEsf-hauidatlng
'
1
COURSE
THE
Bank,
With
a
clearings this week show
Preliminary figures compiled by
ago.
year
the
us,
I)
trict
and
21,1%,
Juftf •(&: For' that week there was an increase of
l&3%i the aggregate of clearings for the, whole country
having amounted to $12,769,791,953, against $10,797,302,205 in the same week in 1945.
Outside of this city there
was an increase of
14.5%, the bank clearings at, this
center having recorded an increase of 20.9%.
We group
Per
Cent
1945
1946
$5,580,603,699
+ 32.0
Chicago-
486,861,142
436,261,666
+ 11.6
Philadelphia
669,000,000
555,000,000
+ 20.5
+ 14.8
jEansas City
382,843,523
232,690,252
333,437,400
188,854,697
+ 23.2
H, Louis
170,900,000
155,200,000
+
273,683,000
243,702,000
complete;" results for the week previous—the week
ended
Our comparative summary for the week
CLEARINGS-RETURNS
+12.3
New York
jtOston
$7,366,197,201'
—
—
-
—
Francisco
Ban
Pittsburgh
196,538,491
205,010,928
194,108,276
200,987,892
—141,378,703
2d
New
12
Philadelphia
York
days—
1,769,333,965
1,750,287,420
+
$9,794,647,509
+
Cities,
day—1
one
"
762,662,041
663,790,113
+14.9 *
617,077,814
+
312,501,544
"
460,232,891
380,109,953
+ 21.1
«•
689,941,908
+ 17.5
"
325,272,649
+21.0
253,830,800
"
246,008,474
+15.4
176,635,110
*
I__I_I_10
"
339,768,574
+ 22.6
252,630,878
6
"
198,406)320
213,224,935
277,216,630
167,766)535
+ 18.3
10
"
555,148,309
480,412,942
120,704-,334
445,888,165
Bonds
-
government
-
17,257,200
600,600
256,000
bonds
3,417,750
2d
1946
3945
•
14
"
"
3,401,443,632
17
"
2,955,621,559
5th
Richmond
6th
Atlanta
7th
Chicago
424,627,727
9,606,519,976
7,525,236,369
3,590,457,099
District
there is
13.5%.
In
the
increase
an
15.9%
of
'
s
$
27,515,816,819
.,,
2,997,089,329
2,239,229,988
4,610,008,013
4,810,693,944
4,551,647,393
_7
"
1.542,842,682
1,452,951,812
16
"
1,209,889,094
1,066,240,463
1,764,824,513
1,318,493,362
1,367,918,254
954,278,034
1,573,239,621:
1,502,817,755
'
i
«,.
1,653,641.900
21,821,339,175
2,784,895,613
2,739,582,57$
2,067,825,513
"
"
£{
;
1943
"
8
City
in the
1944
—31
1-.
Kansas
10.4%,
and in the San Fran¬
3,225,612,006
1,525,395,623
1,934,945,>753
.....
—
122,440,156
-
.*16
-
204)889,748
.
cisco Reserve District of 4.4%'.
31,092,133,675
16
496,998,012
:f'; 164,632,729
248,404,765
4,057,708,488
$
Philadelphia
284,634,650
+ 13.3
2,258,876,232
34,120,303,442
3,331,796,004
Cleveland
-
+14.5
.
Dallas Reserve District of
2,002,182,282
4th
1943
1944
'
Reserve
$
New York
15.6
+
1945,
3d
! The volume of transactions in share properties on the
ftew York Stock Exchange for the first five months of
1943 to; 1946 is indicated in the following:
"
4,490,024,484
1946
14 cities
219,668,209
■
'
apolis Reserve District, of
larger by
The Cleveland Reserve District records a loss of
Boston
*262,403,110
335,718,641
cline of 4.2%, but in the St. Louis Reserve District the
totals: show air improvement of 6.2%y :and3n^the- JVtmhe^
are
Federal Reserve Districts
1st
$721,600,300 $1,473,568,010
$84,032,800 $223,112,900
bonds-
Total
;
and the Richmond Reserve District of 1.5%, but
the Atlanta Reserve District registers a gain of 15.7%.
In'the Chicago Reserve District the totals show a de¬
for the entire body of clearing houses of 4.5%, the
of clearings having been $56,671,114,-
Month of June—
538,179,505
8.4%
57,021,660
43,268,800
7,669,400
6,168,000
bonds
6.4
+ 11.5
10,797,302,205
"
:
5,141,503,248
aggregate
2.1%.
Foreign govern't
U. S.
12,769,791,953
Philadelphia Reserve District the totals
$661,074,300 $1,413,128,600
$77,608,800 $214,342,900
bonds-
Ill cities
1945 aggregate $59,337,495,427. In the New
York Reserve District the totals are smaller by 8.9%,
and in the Boston Reserve District by 11.4% but in the
Railroad & misc.
4,065,194,589
ft 528,229,270
448,391,131
V
7
317,125,383
572,535,262
4
586,416,838
268,764,832
I
■
$
+ 21.3
"
"
618 and the
200,704,729
194,820,103
41,310,246
21,716,872
shares
!
1946
,1943;
386,714,176
5,705,235,319 ",;';
■"556)044,668" >
"
Francisco
crease
1944
+ 11.2
We also furnish today a summary of the clearings for
month of June.
For that month there was a de¬
1946-
1946
1945
1946
•;
or
Dec. %
the
-Six Months-
Month of June——
Description—
Stock, number of
•
Inc.
$
Outside N. Y. City.
T Our" usual monthly detailed statement of transactions
on
the New York Stock Exchange is appended.
The
results for June and six months of 1946 and 1945 follow:
1945
6
Total™
7.8
+
$11,793,169,847
$12,710,433,319
;"
CLEARINGS
17
.
11th Dallas
—58.6
1,998,522,338
826,898,766
Total all cities for week
BANK
406,165,"63 4
6,493,087,979
21.3
411
.
by Federal Reserve Districts:
580,062,092
280)283,722
Louis.:
12th San
22,6%, the Dallaa ROsarve District of 18,3%, and the
San Francisco Reserve District of 15.6%.
10
Chicago
9th Minneapolis
10th Kansas
City
1.1
$11,883,534,553
five
Cities,
The Kansas City Reserve District records an expansion
of
7
6th Atlanta
+ 25.9
21.0%, and in the Minneapolis Reserve District by 15.4%.
10
4th Cleveland
8th St.
larger by* 17,5%, in :the. -St. - Louis Reserve- District by
451,481,617
7,811,289,812
12 cities
7th
11.5% and the Atlanta Reserve District of
In the Chicago Reserve District the totals are
$
1st Boston
3.0
of
1946
5th Richmond
Tot. all cities, five days
bther
:
a summary
Week Ended July 6
3.4
+
$8,036,360,089
$10,114,200,588
five days-—
furnish
Federal Reserve Districts
w
Ten cities,
we
SUMMARY OF
4.1
—
137,301,807
*
following
3d
Cleveland
Baltimore
In the
10.1
—
trict of 14.9%,
The Cleveland Reserve District has to
its credit a gain of 16.4%, the Richmond Reserve Dis¬
statement, however,, which
re present further below we are able to give the final
r-
.
■register ail improvement 'of 21.3%, in the Boston Reserve
District of 11.2% and in the Philadelphia Reserves Dis¬
In the elaborate detailed
|his center there is ah increase for the week ended Fri¬
4 Week Ending July 13—
the cities according to. the Federal Reserve Districts in
which- they are located and from this it appears that in
the New York District (including this city) the totals
foregoing; will appear in our issue of next week.
today, in as much as the week
Saturday and the Saturday figures are not avail¬
able at time of going to press.
Accordingly, in the above
the last day of the week in all cases has to be estimated.
fear. Our preliminaryfor the? same week in 1945. % At*
totals stand at $12,710,433,319
gairist* $11*793)169,847
BY TELEGRAPH
CLEARINGS
ends
Puly 13, clearings from all cities of the United States
rom-which it is possible to obtain weekly clearings will
je 7.8% above those for the corresponding week last
follows:
BANK
We cannot furnish them
jased upon telegraphic advices from the chief cities of
he country, indicate that for the week ended Saturday,
day of 32.0%.
Or
Complete and exact details for the week covered by
decrease compared
a
2,976,648,680
1,333,074,509
1,809,544,414
3,956,174,534
1,191,794,984?
857,533,287
.v
No. Shares
No. Shares
No. Shares
No. Shares
51,510,197
34,092,745
25,663,765
'38,995,195
32,612,585
17,811.394
9th
17,100,772
18.032.142
24,434,084
10th Kansas City
15
"
1,948,157,527
27.492,243
27.643,03d
36.997,243
11th Dallas
11
"
19
"
1,527,646,584
2,639,141,827
2,527,362,273
1,172,240,042
2,377,408,609
56,671,114,618
59,337,495,427
50,687,731,217
42,307,638,393
26,507,176,698
26,178,032,642
24,020,076,576
T >.'.2.1,281,016,345
Month of: January^
February
Marcb
-
•
^
111,266,707
99,100,023
62,555,204
13,846,590
17.228.380
June
21,716,872
41,310,246
37,712,721
68,787,721
92,020,949
First Quarter
Second
Quarter—
194,820,103 200,704,729
Months
Six
Total
35,051,545
CLEARINGS
1946
:
1st
Boston
$
1,956
1,774
1944
3,243
3,188
2,852
897
1,068.
Sau" Fran:_
1,449
2,668
19,294
17,556
16,345
743
5,268
6,706
6,160
7,*122
6,175
736
651
4,263
3,931
Richmond
Atlanta1
16
Chicago
St. Louis
Minneapolis
31
—
7
16
1
556
586
517
464
3,357
3,232
2,885
954
850
809
5,908
995
931
5,771
5,516
809
713
635
559
4,704
3,736
3,524
5,143
3,135
439
395
400
349
2,589
2,301
2,256
'1,583
1,367
7,168
9,246
.9,689
8,456
144,204,893,475
17,091,328,393
16,476,903,099
+
17,457,251,075
—
2.9
+11.5
7,959,541,521
+14.9
11,408,612,849
27,068,930,620
0.1
7,667,828; 166
5,291,084,386
■
Cincinnati-
v-
Minneapolis
Orleans
N.
Detroit \__
'
•
276
2,219
2,028
1,843
1,714
301
2,199
1,930
1,889
72
.559
.492
452
145
985
937
870
301
271
1,132
1,572
1,719
1,474
239
221
205
1,495
1,262
.1,720
1,211
342
266
: 248
223
164
154
136
135
399-
374)
342
293
Louisville-
367
350
330
Providence-
96
95
Milwaukee.
192
185
Buffalo L—
253
320
Paul—
272
J—
Ind'polis
347
352
Omaha I—
St,
_
Richmond
Memphis
Seattle
289
'
(Denver
_
248-
-
:
•
177
136
-
86- ^*.84fe
1,969
•
399-
-
127
-
83
1,558
2,234
*.895
117;-
66- ,-510
5,599,468,521
+ 24.0.
+ 13.5
7)429,392(803
14;226,845,726
+ 18.4
309,763,718,191
+
9.0
274,333,871,786
246,175,314,890
144,040,253,422
+
7.7
134,816,171,355
I25^i3;434,n3
+
Oiit.
-
8.3
.
1,459
829
.
.
742
-
438
.
6,399: 5,685
,
5,095
:
4,4T0
,
36;533:
278)017
3(1,746
L
1,Q2Q
709
682
424
■
384
Total
-
56,864,442,765
46,054)704,276
+ 21.1
25,784,714,478
56,447,225,192
56,671,114,-618
51,769,918)619
59,337,495,427
9.0
4.5
26,431,222,376
26,507,176,698
April.—
May—
—•
-
Me.—^Bangor
.
Total^'dQuarter—
Fail
River
7.8
22,997,143,250
+
12.1
+
—
+
7.6
309)703,718,191
;
+
9.0
4,693,218
+ 25iO
15,205,868
1,956,606,091
+ 22.2
2,693,451
■S New Bedford
h Bpririefleld
-
,
:
\
—14.1
5,320,087
Worcester
Oonn.
Hartford,
:
New" Haven
:
,v
_
+ 20.9
week ended
■,
1945
Inc.
•:<
.
n•
July 6 for four
2,596,881
.
19,215,623 ''
*86,499,560
m.l.—Providence
I..-
-
■'fIK;.M-^Mancheste^'
cities)
"
10,423,800
"96,447,900
+
6,436,95.7.
+20.1
+ 11.0
3.7
+ 13:0
+
84,466,452
,.+
2.4
32,098,'738
.
35,080,867
,
+
9.3
+
6.4
24,033,434,713
26,178,032,642
+ 10.0
+
1.3
+
7.6
+
■i
•.
$
24,915.052
+44.4
86,935,751
+ 14.6
9,831,832,947
+
+
9.3
+ 22.0
8,542,500
95,675,200+
.
+
0.8
+
5.9
16,204,746
41,809,288
148,881,492
*110,553,440
510,383)225
211,280,057
58,663)000
559,050,500
25,785)388
+ 4,324,976"
+^002)182^82^ ^ 2,268,876,232 +
-^1L4 ~ '
29.3
1,528,371
7.7
$
"+21.5
""371,618
+ 21.6
+ 21.3
+
9.9
+
8.2
+
17.7
+
13,766,105
34,978,506
19.5
600,717
1,523,960
6,543,241
+ 21.1
122,932,685
■
+ 28.3
3.1
1,151,248
4,320,930
2,853,659?
15,867,950
7,031,941
85,830.522
+28.8
3,029,398
438,136;268
174,359,354
47.682,600
"
+16.5
21,696,152
9,955,088
15,530.575
+ 39.3
+ 21.2
7,115,527
+39.9
+ 13.6
2lj637;808
lijisjioo
"+342
l5i21$700
+ 31.1
948,804
—47.3
1,360,254
+"23.0
"
492,335,700
19,670,283:
1^415,947)^^^
1943
1944
*494383
l,152,'368r
f
780.440
3,654005
267,328,113^
940,231
*
+ 32.3
14,271,042
(
1?;352,3O4;082?
Dec. %
+ 32.6
3,397,231
349,967)5.11
,
144,040,253,422
1,014,046
3,203,029
333,296,439
1,027,362
1,244;575
3,733)473'
378,774)392
6.6
+
'28,300,401
73,148,642,278.
1,253,676
5,101,531
1,510,221
~
36,597,312
18,881,650
.
years:
1945
1
35,965,809
99,670j581
"
,4,581,047
\
+—^-Weelc Ended July 6'
Inc. or
■•—
1946
or
Dec. %
10^478,578,19#
+ 13.2
2,690,602
23,220,093'
16,998,569+
7,729^49..
25,778,098
-
\
155,172,913,382
'
;i.
.
8.0
21,174,223,850
..
+
24,987,200,588
78,717,512,234
^Jan. 1 to June 30-
•
.
+
'
$
1;680,004^106
6,021,555
3,251,781
...
Holyoke
70,891,611,144;
158,002,147,995
1949
Inc. or
-18,588,623
--—
26,591,372,846
169,977,181,257
figures Tor eatb city foT thb rnpnth of June and the-
1945
5,866,622
Portland
Mass.—Boston
9.7
9.3
337,690,384,465
,,
First Federal Rmrve District—Boston—•
,
24,730,186,706
Y'-'w
-Month of June1040-
+
or
Dec. *$9
$
26,713,679,281
23,150,348,892
+ 12.4
+
Inic.
'
70)455,401,019
53,673,338,763 ;
45,401,473,486
52,686,757,947
" "1945
$
+ 10.5
25,353
We now add our detailed- statement showing the
*
1946
.'sv
151,761)570,196
26,507' 26,178 24,006 21,281 ^155)172 144,040 134,801 123,313s*
Clearings at—
,
4^-
-
167,713,203,070
245,534' 220,822
28,785
or
Dec. %
lstQiibrter,—L
;
1—
2,278'
.
Ind
L
February
March
751
..
8,617,112,225
5,693,403,320
12.111.437,323
Clearings Outside New York*
—
1945
60,323,686,259
49,796,677,952
57,592,838)868
1,7;25
2)273
1946
January
1,284
759
•
the clear&g$ by monthssince Jam&lS>46 and 1941:
$■
1,109
1,920
1,095
1
<2,091
.1,214
2,433
4,767.711,462
c
9,253,548,555
6.532,927,522
13;203,631,101
MONTHLY CLEARINGS
all— 56,671 5^337 50,673 42,307 337,69(1309,763 274,319 246475-
NY'.C.
covers
-Clearings, Total All—+Months-
__
•fot.27 cities 50,272 "53,652. 45,578 37,837 3W,157
Other Cities
Total
(1,563
955
2,347
-
160
:416
462"
157
-L-
.
191
391-
Salt L. City
Hartford—
.
427
173
City-
fbRdwing compilation
6,945,116,554
•-
9,923,752,597
1,772
96
The
8,895,797,774
23,346,709,427
-
155,172,913,382
.184 cities
Outside N. Y.
.
337,690,384,465
19
Total
16,494,122,209
15,177,922,465
6,673,422,940
25,994,088,166
—
8,200,776,667
-
-
"7,237,966,746
10,571,468,590
+11.4
•
-
2,038
1,268 ' 1)651
Francisco
9.9
+ 10.2
18,324,163,733
10,392,571,357
127,059,987,834
V
-
6,941,676,717
11
4,690
1,029? 1,080
5,350
5,861
4,893
Cleveland™
I
10,748,203,587
11,259,939.282
8.794,701,837
15,401,857,403
15
lltb Dallas
2,671
1,049
10th Kansas City
12th San
170,749,034,863
8,871,077,415
13,109,557,201
27,065,115,036
9,135,612,258
3,660
Kansas City
•
"
1943
-4;
8.2
+
4 Six Months
—
1944
Dec. %
11,415,947,216
8
9th
4,151
6)170
8,564
4,550
■4,883
,6,887
(7,670
4,660
1,134
1,080
761
_
2,116,043,231;
Six Months
Inc. or
'
187,615,673,725
20,187,517,319
16,955,351,590
17
7th
15,825
831
845
1945'
12,352,304,682
16
8th
8,986
1,205
1,284
1,345' 1,279
910
.
Pittsburgh-
-9,259
.9,831
14
Philadelphia
Cleveland
6th
1943
New York
4th
$■
10-.478
1,4Q9
14 cities
5 th
1945
30,163 33,159 26,667 21,026 180517 165,723 139,517 122,861
11,381
18,175
12,540
1,984
1-3,753
2,411
2,298
2,531
1,680
Baltimore
1946
$
$
York-
1.3
Sik Months
1946.i
3d
Jan. 1 to June 30
Month of June
—
1945
1944
1943
+
$
2d
(000,000
SStV LouiS.
—1,010,134,734
v
-
showing clearings by Federal Reserve Districts in the six months for four years:
Six Months
'
omitted)
City.
Federal Reserve Districts
IN JUNE
LEADING. CITIES
AT
Y.
We append another table
clearings at leading cities for the
the six months ended with June in
.each of, the last four years is $hown below:
BANK
184 cities
Outside N.
The cburse of bank
month of June and
New
,
i,485,774,581
—
J
131,342,925 171,484,418
'
J
^
———
-1
April
<
Minneapolis
23,415,845
83,553,396 101,604,706
^
33,553,559
May
28,270,442
32.024,018
-
12th San FrancisCo
79,463,469
31,426,715
30,409.809
8th. St. Louis
" '
^8.2
,
2,939,008
+
326A06
1,096,830;'
3,999,611
2,499,520
18;146,955
4,960,826
*
" "
^451,48l+€l^
1,800(849406,165,634
+ 11 2
5SSS55fe.
14)884800
502,944
317; 125,383
•
THE COMMERCIAL & FINANCIAL CHRONICLE
Monday, July 15, 1946
-Month of June-
-Week Ended July 6Inc. or
1945
Clearings at
Dec. %
Second Federal Reserve
H,
District—New York
16q'j
Y.—Albany
*
Binghamton
&
g'j
Buffalo
Elmlra
•
g'j
—
—3o,i63i£
K«»eYo7k
New xorK
Rochester
:.•£
?:
»——————
(
—
Syracuse
Utica
*
4o'r
Conn.—Stamford
H, J.—Montclair
13^
Newark —107'?
& Northern N. J.
—
1B''*
^
ft Oranges
|i;
Total (14 cities)-
31,092,1
——
17,327,140
24,391,643
22,030,022
79,357,490
51,689,611
16.670,894
18,483,663
17,556,000,000
47,302,124
82,911,706
43,687,504
51,673,970
5,240,064
21,317,892
149,517,810
136,562,200
18,324,163,733
556,044,668
114,976,521
3,232,539,103
24,526,640
586,783,202
1,080,988,009
92,338,400
6,122,347
1,879,622
12,697,901
17,816,754
11,688,121
48,832,398
1,797,271
1,470,035
1,284,750,341
5,861,523,664
490,106,400
24,891,360
10,090,195
67,507,589
100,486,220
61,236,752
258,293,528
9,069,624
5,469,930
6,887,877,803
76,476,952
14,167,377
18,281,223
8,123,475
'101,454,174
84,493,357
70,757,903
13,348,890
17,457,251,075
fifth
Federal Reserve
District-Richmond—
lid,—Baltimore
'
399,357,326
12,668,687
21,391,037
761,192,930
2,997,319
259,703,926
—
Frederick
jj.
0.—Washington
1,108,671
5,253,000
58,162,732
1,764,187
9,8vi,530
35,702,000
Va.—Huntington
—.
fa.—Norfolk
Richmond
8. G.—Charleston ————
& Columbia
W.
......——
118,961~072
34,4187547
'
1,502,817,755
Total (8 cities)
Sixth Federal Reserve
I
TWrn.—B3noxvllle
District-Atlanta—
58,771,711
.
218,343,769
756,200,000
Nashville
Qa.—Atlanta
+*
Augusta .13,365,495
" 12,026,746
ColumbUS
Macon
11,234,198
295,420,774
——
-
fta;—Jacksonville
20,375,136
339,033,952
Tampa
Ala.—Birmingham
h
.
Mobile
-.
21,511,283
—11,015,948
—
13,493,000
23,297,541
.........
4,674,566
Montgomery
lUss.—HatMesburg
Jackson
.
Meridian
%
.....
....
-
—
1,354,143
439,111,726
Vicksburg
<*.—New Orleans
»
Total
—
(18 Cities)
372,772,679
679,300,000
10,665,637
9,781,190
8,591,653
231,018,907
15,160,637
270,461,555
20,245,410
7,627,811
12,617,000
16,973,541
3,163,357
1,112.759
395,779,826
4.2
+
36.6
+ 11.8
9,906,928
31,544,976
124,500,000
2,252,479
8,125,705
30,869,779
102,100,000
1,738,079
+
23.3
2,5347284
2,3*23^045
+ 30.4
41,763,510
37,238,253
40,8167491
46,522695
4,282,947
127,222,131
23.6
+
2;i21,775
44,567,088
30,394403
4,124,117
4,099,392
45,522,211
76,002.000
107,491,817
19,124,192
266,120
78,034,461
7,076,197
2,301,805,614
11,408,612,849
2,239,229,988
Seventh Federal Reserve District—Chicago—
.
•cch;—Ann
Arbor
.
Detroit
$
Flint
4,678,478
1,263,597,148
12,906,362
32,698,218
—
-
Grand Rapids
3,528,343
1,651,962,776
8,934,596
Jackson
—
5,180,283
27,476,229
5,353,767
Lansing
-
—
20,726,648
18,309,933
8,266,738
7,401.840
4,986,512
Muskegon
Bay City
gnd.—Ft. Wayne
Gary—--——
Indianapolis ....
South Bend
Terre Haute .....
Wis.—Madison —
•.
5,544,759
17,292,748
35,101,888
164,920,724
15,492,396
29,673,830
112,209,462
47,876,180
30,345,196
94,962,003
18,313,594
9,245,338.676
51,457,974
155,491,062
27,421,163
103,109,731
44,782,160
26,127,140
88,014,926
183.080,386
156,279,819
26,860,051
7,168,313,182
73,269,427
190,071,399
—
18,176,205
28,023,992
154,519,060
19,222,313
»
49,844,997
49,908,752
284,795,554
13,990,091
192,829,713
2,645,480
1 Sheboygan
—
5,573,725
Watertown
...——994,513
Manitowoc
2,945,465
la.—Cedar Rapids——
11,838,130
Des Moines——
.
81,705,678
BiOUxCity ——-—39,667,510
•Ames-;.-:*..+..».———————.
1,480,261
10>469,695
185,250,306
3,069,866
4,739,498
716,969
2,515,097
11,377,568
81,109,657
1,132,950,390
17,694,956
35,557,649
,
—
...
—
——.
Milwaukee
Oshkosh
—
.
.
OL—Aurora
4,442.610
3,086,751
2,411.954,311
9,255,522
31,926,814
Peoria
12.302,746
86,535,400
1,394,920
1,061,020
61,789,035
7,663,357
4.610.008.013
4,810,693,944
27,065,115,036
•
3,625,390
2,531,977,940
Decatur
-
■
8,561626
——32,667,318
—
——
Springfield
.
Sterling
73,269,942
37,113,180
1,137,794
4,426,406
11,999,950
y
Total (31 cities)
.......
...
28,1531394
27,316,777
17,491,680
10,808,338
Chicago
'
61,348,444
985,514,195
17,498,812
14,136,781
62,583,201
417,566^774
200,258,768
6,239,767
20,916,170
16,795,378
13,753,748,267
49,437,675
5,874,839
'
————,«
4,210,193
6,216,732
97,212,260
277,540,980
6,210,217
—
—
Bloomlngton
.
2,909,615
25,392^000
829,739,815
955,945,033
97,511,760
15,951,629
70,876,191
526,343,480
242,156,435
9,024,303
25,771,510
21,524,121
15,175,599,245
54,751,445
198,692,553
.....
l;
'
+
1,051.825,220
4,050,712,993
67,131,727
58,602,372
51,784,969
1,444.824,676
104,986,609
1,521,727,382
65,388, i64
187,058,306
in
~
.V
'
.
1.
182,509,936
65,352,830
55,991,817
6,045,118
.
■
■
in
1
MI"
'
•'
+
8.9
+
4.9
+ 10.4
+ 26.8
'•<:
27,068,930,620
194,200,000
78,831,359
51,024,035
71,942,708
1,*217^255
1,166"000
325,372,649
268,764,832
38,956,124
•
(Volume 164' Number 4507
THE COMMERCIAL" &
-—Month of June-
Clearings at—
FINANCIAL' CHRONICLE
■Jan. 1 to June 30-
•1945
■Week Ended July 6-
1945
.
f
Inc. or
1
Det. %
'
Ninth Federal Reserve District—Minneapolis—
26,165.283
809,023,205
272,681,837
t;i Bt.
Grand
•104,857,939
/ 92,441,656
2,205,000
2,760,731
2,342,010
16,403,424
13,030,288
10,014,956
...
Forks
...
«,
| Bioux Falls
7,936,133
55,367,045
42,519,819
82,493,606
-
14,771,567
1,209,889,094
1,066,240,463
'14,813,686
6,941,676,717
27,983,431
„„
■f. Lewlstown
■
•
15,335,000
525,392
•
6,740,989
-
J Total (It cities)
67,~6~4~2~66l
1,262,345,190
17,599,000
14,889,921
1,344,388
-r
8,543,602
.
Helena
4,898,017
158,227,824
15,471,477
c
709,211
1,912,115
———
j Great Falls
109,390,470
3,736;439,257
101,183,858
11,855,972
54,990,337
43,381,143
159,254,050
4,624,468
........
...
•font.—Billings
>
3,193,156
18,621.950
—
D.—Aberdeen
T Huron
4,292,621
2,682,000
,
Fergus Palls
ff. D.—Fargo
Mlnot
17,143,901
663,653
18,208,021
Paul
U Winona
i
2,579,943
4,164,036
■U
v
128,890,998
4,704,145,040
22,304,790
1,495,382,131
787,952
,
„
Rochester
•
25,212,973
713,475,527
3,012,893
239,655,743
2,740,158
Minneapolis
<
:
A
w.
lllnn.—Duluth"
■
,
6,673,893
a
5,814,385
''
21,286,659
7,802,842
38,575,695
2,024,402
910,407
1,547,385
6,521,886
4,379,639
35,755,613
126,982,976
2,877,790
4,390,165
176,635,110
246,008,474
Tenth Federal Reserve District—Kansaa City-
Neb.—Fremont
i
*
294,828
206,403
212,346
+ 30.7
♦475,000
Uncolm.
225,504
441,775
+
7.5
321,812
240,831
4,905,980
4,564,419
+
7.5
3,647,792
77,399,549
64,795,317,
+ 19.5
59,998,145
3,747,754
61,736,105
2,415,056
12,255,773
Hastings.^—
+
mimmmmm.
Omaha
......
Kans.—Manhattan
Parsons
Topeka—
f Wichita!
Ma—TnpHw
Kansas City
:
Bt. Joseph
Carthage
L >1
........
........
.
6,844,841
^843,971;
+ 25.5
167,686*887
166,"721~869:
5,625,203
—17.3
4,969,567
4,754,507
+ 41.6
1,307,946
1,009,875
—
Oolo.—Colorado
K
8.4,
184,655^305
231,735,618
4,649,634
„
Dkla.—'Tulsa
2,358,570
3,680,273
+ 61.0
r*:'
Springs
1,734,470
Denver
Pueblo
1,395,472
784,010
339,768,574
Total (15 cities).
1,013,589
277,216,630
248,404,763
Eleventh Federal Reserve District—DallasTexas—Austin
23,£
Beaumont
El
Ft.
•
Worth
...
■
-
,
Galveston
i6,e
574 ]
_
Arthur
Wichita
2 £
Total
(11 cities)
14,709^074
li,275~88*
2,813,000
4,616,000
4,281,000
2,031,470
1,302,964
47773",427
4T2T635
120,704,334
122,440,156
+20.3
1,828,146
♦2,200,000
iJoTiil
151,570,945
1,527,(
■
16,6~54T740
3,907,000
17,175,673
28,1
—
19,560^721
22,633,408
45,373,425
10']
Texarkana
In.—Shreveport
2,208,26$
99,05T00O
2,957,412,585
4'c
Falls
2,660,363
9^11600
290,863,201
92 4
Houston
3,404,498
138,758~66o
80,393,000
58,s
1.
..
5,651,761
161^677000
393,462,465
706,e
Paso
Port
83,348,648
56,184,691
3,330,974,762
9,1
.
Dallas
167,766,535
+ 18.4
7,429,392,803
;
Twelfth Federal Reserve District—San Francisco—
Wash.—Belllngham
4,985,369
3,992,970
391,173,187
14,601,217
Ifrf1®
^Yakima
Ma.—Boise
V
462,521,830
13,824,854
10,304.176
6.480,000
Ore.—Eugene
4,183,800
331,998,078
6,687,725
136,881,697
34,817,979
12,970,282
13,687,461
43,244,505
11,025,778
26,004,479
344,351,658
6,774,770
157,081,561
rVf;
PhnpnH 7
'
Arir
•rix.—Phoenix
,
,
_—47 one 710
iSieo
OaUf.-Bakersflrid
Sni SVrtT
18,738,912
36,905,685
Modesto
MOdestO
12,727,462
—
PASftdfinft
qpmapmm
Riverside
OQO
2fjg'|g
IlS wnClSC0
filSta
OQ nni
mir-f mmm
r
•
1,449:888:913
37,411,571
14,352,867
BftrhftVa
-fitockton
Stockton
29,694,276
Total
(19 Cities)
^®w Yor,c
.
♦Estimated.
46,269,353
895,059,494
278,387,152
81,575,039
102,119,539
225,276,667
72,727,465
8,591,889
173,382,592
52,563,856
1,345,714,355
28,856,396
8,564,833,897
9,617,509
23,836,141
81,889,006
162,796,821
214,152,768
2,639,141,827
Grand Total (195
cities).
,::v
28,804,147
2,234,144.658
85,292,588
75,865,601
33,074,000
1,993,642,760
12,425,223
—
tNot included in
2,527,362,273
15,401,857,403
56,671,114,618
59,337,495,427
337,690,384,465
26,507,176,698
26,178,032,642
155,172,913,382
total.
Scranton-Spring Brook Water Service Co.—
Co.—
1st mortgage bonds, due 1979
Standard Oil Co. (Ohio), preferred stock,
ENTIRE
ISSUES
CALLED
Company and Issue—
Date
Spring Brook Water Supply Co.—•
1st refunding mortgage 5s, due
Colortype
Co., 4Vi % preferred stock
Aug 14
(Sidney) & Co., Inc., 7% preferred'stock—Oct
1
Butte Electric & Power Co., 1st mtge. 5s due 1951—Any time
Blumenthal
Southern
§2142
California Electric Power Co.—
1st
mortgage
3 Vis,
due
113281
Columbia Gas & Electric Corp.—
5% debenture bonds due 1961—
113416
.—July 15
July 15
Aug 1
,!*-y
Aug 15
_
DeVilbiss
Co., 7% preferred stock
Dryden Paper Co., Ltd., 1st mtge. 6s, due 1949
Elastic Stop Nut Corp, of America—
6%
convertible
preferred
stock
Franklin
General
Great
20-year 6%
113129
Texas
&
Co.,
gen.
Corp.,
debentures
due
6%
—-Sep 12
•
Aug 1
—
States
Utilities
series E,
due 1977—July 1, '47
Co.—
j
1st
mtge. & ret.: 3 Vi%
•,
bonds, due 1968
4V&%
Sep
*.
113144'
1
J
debenture
gold
bonds,
113283
Victor
Equipment
Walworth
Co.,
20-year
Co.,
Electric
Wisconsin
112015
1
Aug 16
—
series A,
(N. J.), 7%
convertible preferred
1st mtge. 4%
Power
July 1, '47
due 2022
*2490
H3188J
T 55;.
July 31
preferred stock
July 31
stock
bonds due 1955—Oct
fl2901y
1
Co.—
..
*
112058
<F. W.)
113417
in
♦Announcement
Vol.
——Oct
1959
3 Vis, due 1968
July 29
Co., 2Vi% sinking fund debentures.July 15
mortgage
Woolworth
due
this
*In
issue.
Vol.
163.
§In
161.
;,
Vol.
J,;.-
Kin
162.
^
.
§1513
.
series D, due 1969
July 26
Worts, Ltd., pref. stock Aug 27
deb. bonds due 1957_Sep
1
Indianapolis Union Ry.—
- -y;Refi St improv. mortgage, • series B 3
Vis, due 1986
1
Sep
International Telephone &
Telegraph Corp.—
25-year 5% debenture bonds due 1955
Aug 1
Iowa Public Service Co., 1st
mtge. 33/4S, due 1969
Aug
1
Macy (R. H.) & Co., Inc., 2Vfc% debentures due 1952—Aug 1
Mead Corp.—....
$6 preferred stock, series A„_—
Sep
l
$5.50 preferred stock, series B
Sep
1
Hiram
debentures
United States Lines Co.
:_July26
Inc., 7% preferred stock
7% preferred stock
H2769
1
July 29
1956
Light Co.—
H3282
1st
1965
Ry.-— mtge. gold bonds,
bonds, due
gold notes due 1948
3%
Corp.,
Texas Power &
Northern
4 Vi %
Gulf
Simon
Cable
income
Oct
—
112769
1(2769 ■
;i
. 112769
(112769'
Standard Gas & Electric Co.—
Eversharp, Inc.—
convertible
1965.
'vri^
Co.—
Gas
pipeline 3V4%
Southern Pacific Co., 40-year
1968
Aug 8
Canada Wire & Cable Co., 6Vi % preferred stock
July 15
Central Pacific Ry., 35-year 5% guar, bonds due I960.Aug
1
Collins & Aikman Corp., 5%
convertible pid. stock
Aug 12
4Vi%
Natural
1st mtge.
i
Page-
®t
O
1
1
1st mortgage and refunding 5s, series B, due 1961
Aug
Pennsylvania Water Service Co.—
1st mortgage and refunding 5s, series A, due 1967—Aug
1
Scranton Gas & Water Co., 1st mtge. 4Vis due 1958-Sep ;• I
113424,
series A_.
^
and refunding 5s, series A, due 1967——Aug
1st mortgage
4 Vi %
American
Date
Company and Issue—
Company and Issue—
Safe Harbor Water Power
bonds,
Walker-Gooderham
&
Illinois Power & Light Corp., 5Vi7c
113136
.
—
Dividends
1st
—
Old Ben Coal Corp>—:
show the dividends
previously announced, but
Further details and rec¬
ord of past, dividend payments in many cases are givenunder the company name in our "General Corporation j
and Investment News Department" in the week when/;
we
which have not yet been paid.
112996
113141
The dividends announced
§2822
this week are:
.'
«
-
-
.:' Jtame of Compant
K3421
.7Vi%
113421
Adams-Millis
113421
AgneW-Surpass Shoe Stores,- Ltd. (quar.) r—
American' Barge^ Line- Co." (quar.)'l'i•
American Equitable Assurance (N. Y.)
(s-a)
mortgage 6 % income bobds..WM_HM.—«...—Aug 1
income debenturesl^-^L-^-^-:—; -Aug ,;-l
Pacific Greyhound Lines, Inc., 4%
preferred stock
July 15
Philadelphia Electric Power Co.—
v 1st
mortgage 5 Vis, dUe 1972_i_i^—C—
—..-Aug 1
Rochester Telephone Corp.—
1st & ret.- mtge.
2%%
Per
„
,
First
"
bdnds, series E, due I960——Oct
1
In the;
grouped in two separate tables.
we
which
Nashville, Chattanooga & St. Louis Ry,—
mortgage 4% bonds, series A, due 1978
Aug 1
National Oil Products Co., 314% debs, due 1955 &
1957-July 15
Northern New York Utilities, Inc.—
1st lien. & ref. 6% bonds,-series
B( tlue 1547-—.—.Any time
are
bring together all the dividends announced the
current week.
Then we follow with a second table in
first
113137
.
-
v.
Corp.
American Fidelity
.
Quarterly
-
Sharp
Wtum:
Pavabto
*45c
'! 15c ^
50c
—
—^^
.
8-15
8- 1
^.7-10 '
' 7-31 t
9- 2
<
Co, (Montpelier, Vt.)—
——
o/Rec.:;
(Increased) —8- X
(
8- 1
_
50c
7-15.
-
7-19
_
•
'
7- S A
318
THE COMMERCIAL & FINANCIAL
CHRONICLE
*
Pursuant t° the requirements of Section 522 of the Tar|ff
t
Name of Company
Piper
the Federal Reserve Bank Is
Act of 1930,
now
cer¬
tifying daily to the Secretary of the Treasury the buying rate for cable transfers in the different
countries of the
; We
give below a record for the. week just passed:
*
,
•;
FOREIGN
:>
t
/yf
t
>
Mydl
*>
'•
,
'
.
July 5
July 6
$
$
peso-
July 8
TARIFF
ACT
OF
Free.
Closed
.251247*
.251247*
1
.051902*
,
*
i
\«
'
Milk
$3
.022845
.060602*"
.051902*
.051902*
.051902*'
Official.
.909090
1.000000
1.000000
.980546
.988437
.990156
.570066*
.570066*
.570066*
.570066*
Colombia, peso_
Czechoslovakia, koruna
Denmark, krone
England, pound sterling.
France (Metropolitan) franc
India (British), rupee
Italy, lira
Mexico, peso
Netherlands, guilder
.020060
.020060
.020060
.208765
V
Closed
.208765
.008409
.008409
.301824
'
.
6%
.301824
<:
.008409
.205715
.205715
.377892
.377892
.377892
.377892
Official
.909090
Free.
.377892
X.000000
1.000000
.978541
3.227000
.986041
.987708
3.227000
3.227000
3.227000
.201611
.201611
.201611
.040501
.040501
.040501'
.091323
.091323
.091323
.238517
.238514
.238517
.238528
.233626
.233628
.233626
.233626
4.005000
4.005000
4.005000
4.005000
.091323
peso—
Controlled
.658300*
Noncontrolled
.658300*
•Nominal rate.
.658300*
.562716*
.562716*
5%
.562716*
Pet.
New
common
American
(initial)
Stove
When
Holden
Share
Payable
of Re0.
Per
Name of Company
Co.
(quar.)
5c
8-15
8-
I
30c
8-
5
7-19
,
50c
8-
1
7-22
.
(quar,)
American Viscose Corp., common
(guar.)
,
,f> 5% preferred (quar.)
Angol-Iranian Oil Co., Ltd.—
American Deposit Receipts for
Ordinary
p- (final)'
........
| Anheuser-Busch,
Inc.
(quarT)™"!!"^!!™
Appleton Company (increased)
Arizona Power, 5%
preferred (quar.)
II
Atlas Steels, Ltd.
(quar.)
$1.25
8-
1
Beck
Canteen
Co.
of
America
9-
99-10
8-
1
$5
8-
1
7-20
$25C
8-
1
7-16
25C
9-
1
8-15
(quar.)
S.) Shoe Corp.—
yx. Common (increased quar.)
4% %
preferred
4%
preferred
$6
preferred
Boston Fund
Real
Estate
6%
Buda
8-
1
7-15
8-15
7-25
7-13
7-
Hutrchins
25c
8-
1
7-20
1
7-20
$1158
50c
*
8-22
9-10
62 %c
8-24
Stock
t$L 75
(quar.)
Central
$$1.50
'8-
1
7-10
International Utilities
15c
9-
1
8-15
8-
1
7-15
Manufacturing Co. (quar.)——
Kellogg (Spencer), & Sons, Inc. (quar.)
Kentucky Utilities, 7% junior pfd. (quar.)
30C
8-
1
7-15
Kerr
$5c
.
.
Coast
7
-
II
8-15
-
3
8-
1
7-15
Lawrence
8-
1
7-15
Leitch
48c
-
8-10
7-31
7-23
Leonard
7-19
Loew's
1
88-
1
7-22
1
7-31
7-19
$1.25
7-31
7-19
quar.)
7-23
9-11
$2.50
7-15
7-5
40c
9-10
8-
9
8-15
8-
1
$1.06 %
$4C
10-
9-15
1
9-
1
$1.50
10-
1
9-
7-16
7-26
7-16
$4
7-15
14C
Shares
,
9-16
7-26
10C
(s-a) —______iju;
Co., $4.25 preferred
Inc.
."i
8-
preferred
8-
25C
(quar.)
7-15
75C
Faber, Coe & Gregg,
Filene's
Flour
iWm.)
Mills
Foote Bros.
-
1
60c
Sons
of
7%
pfd.
(quar.)
1
(quar.)I
preferred
conv,
General
General
Gibraltar
Co.
(increased
Shoe
Fire &
$3
North
7clo
conv.
pfd.
(quar.)_
Carolina
RR.
guaranteed
&
.8-1
8-
y
1
7-19
7-19
8-15
8-
1
8-
7-18
1
8r
1
8-
1
7-15
8-
1
7-17
7-12
77-
1
4.40%
preferred B
Gas
25C
___
7-15
7-31
50o
quarJIIIII
7-22
8-15
7-31
7-19
Special
r
9-3
8-15
$2
60c
conv.
prior preferred
9
8-19
9-
9
$2
wMat
8-19
7-15
$15c
9-10
8-
$1.25
-
7-15
7- 5
8-
7-17
75c
1
9
8-
1
7-17
$1
8-
1
7-24T
$1.37%
8-
1
$2.50
—
7-24
1
8-15
8-
8-
7-15
1
$1.25
8-
1
7-15
31'Ac
9-
1
8-15.
40C
(quar.)—
9-
3
8- 9
25c
8-
1
7-20
9-
3
8-20
250
10-
1
9-20
50c
8-
1
30c
(monthly)-
7-15
5c
(quar.)
(quar.)
Inc.—
,7-1
7-25
7-15
7-25
7-15
1
7-12
7-15
Reduction Co.
7-19
Alabama
7-19
Allentown-Bethlehem
7-19
7%
8-
1
7-15
Allied
8-
1
,7-15
Alpha
9-14
8-31
7-24
7-10
7-31
7-20
7-8
7-31
7-19
New common
9
4V2%
Class
American-Home
American
$1
8-15
7-25
$1.37%
T-15
7-
7-31
7-26
1
'
6%
;*3.90%
—
News
9- 1
8-
1
7-13
7-
5
7-13
7-
5
2
l.1%
;
.
common
7-15
6-15
9-14
8-31
7-15
6-29
20c
t-8- 1
5c
$1.50
$1.50
37'/2C
.
1
.*
>
.7-15*
7-25
7-15
7-15
7- J.
7- 1 >
7-15
1
,7.-15
7-15
i 6-28
25c
25c
«;7-15
•
7-15
8-1
97'/2C
(quar.)
30c
Foundry—
(initial quar.)^————
Products, common
(bi-monthly)
,
Co.
7%
pfd.
(quar)
.
Razor
25c
8-15
50C
8-31
8-
$50O
9- 3
8-15
70c
8- 1
7-20
American Telephone
50c
a-1
7-20
*•.
Corp.
$1.75
$.1.75:
.
(quar.)
(quar.)
Smelting & Refining, com. (quar.)
«~7%
1st preferred (quar.)
American Telephone Co., (Abilene,
5%
preferred (quar.)
Quarterly
7- 9
8-
8-
&
Paper Goods,
Safety
6-29
7-25*
$1.25
25c
$1.12Vi
—
preferred
American
6-20
7-15
8-14
(monthly ):——
American Rolling Mill—
,4»/2% convertible preferred
American
7-15
8-15
75c
—
Maize
5
7-15*;
38c
—
preferred
American
i—
7nl7
7-31
conv.
(quar.)
Products
Machine
American
;
9-16*
1
Cash or l/32nd
Light & TrAbtion, 6% pfd.
Common
$75
5C
$3
Hydraulics, Inc., preferred
Ice, 6%
non-cum. preferred
preferred
American
6
;
25C
Light,
stock—
B
preference
American
$1.10
&
Colortype.
American-Fork & Hoe,
5
7-
•
Power
(opt. div. series).
share of
r
4'/2% preferred
American District Telegraph Co. (N. J.)—
5%
preferred (quar.)
7-11
/
50c
25c
20c
75c
.
—
Cities
American
7-21
—-
—
Can
American
8-15
7-31
(initial quar.)
(N. Y.) (quar.)
Asphalt Roof Corp. (quar.)
Co. (quar.)—
American
American
8-
1
8-
Corp.—
American Alliance Insurance
7-15
7-31
1
10-
20c
8-15
9
7-31;
12Vzc
Petroleum
8-15
1
Goods Manufacturing, common—
Amalgamated Sugar, 5% preferred (quar.)_
Aluminum
9-
9-10
9-
Amerada
8-
6-19 '
7-27
8-10
50c
25c
^
t25c
7-10
7-
7-8
7r 5
—
7-31
7-15
7-15
Co.—
Aluminum Co. of Canada—
4% preferred (initial quar.)
7-24
9-14
7- 8
7-25
20c
Gas
(quar.)
Stores, common (increased)
Portland Cement
*
8-15
1
7-25
87'/2C
Mills, Inc.
preferred
9-20
30c
(quar.)„_—
7-10
10- 5
25c
:
7-31
.
7-20
20c
25c
(quar.)
(quar.)
7-31
7-26
of Red.
7-15
1
preferred
7-31
$50
*
Boiaen
Payable
$1
87'/2c
(quar.)
Air
?:
given in the
Wnen
Share
Akron Brass Manufacturing Co.
25C
7-10
|
7-20
8-
.
give the dividends announced in previous
include divi¬
7-19
;
7-15
7-10
1
8-
8-
American
(quar.)
9-
13%c
3%c
25c
(accum.)——
7-21
preferred (quar.)
Affiliated Fund, Inc. (irreg.)
Ainsworth Manufacturing Corp,
6-15
;
d y
7-29
$1
conv.
7-10
————;
7-31
7-22
15c
1
8-15
(quar.)
8-30
12'Ac
—
Fields
1
,
preferred
7-15
w—
1
25c
Philadelphia Electric Power, 8% preferredPhillips Petroleum (quar,)
Photo Engravers & Electrotypers Ltd.-ii
Pig 'n Whistle Corp.— -
40c
—
(s-a)
1
9-10
8-15
8-
8-30
(quar.)
Co.
9-20
27V2C
American
-
7-20
7-30
(quar.)
55c
Pennsylvania Electric Co.—
Pennsylvania
; Extra,
7-20
25c
Gold
Strauss
conv.
7-10
$5 preferred (liquidating)
;
$2.80 preferred (liquidating)——-—-iu-,
1
2c
common
8-
60C
(quar.)
7-20
{7-20
8-
13%C
(quar.)
(quar.)
8-
$1.50
Blade; Inc,
1
8-1
8-
Aeronca Aircraft Corp.—
7-1
8-
-
50o
$1.10
7-18
7-15
60c
V
50c
41%c
:
(quar.)
5% conv. pfd.
Co. (quar.)
Acme Aluminum Alloys,
9
$3.50
..
6-15
1
$1
&
Class A
(initial Quar.)
Palestine Economic Corp. (quar.)
Paterson & Hudson River RR. Co.
58 %c
_
Extra
5
7-13
-
$$1
—
7-31
8-
38c
Ltd.
& Curry
preferred
Abraham
7-15
V
$2
-
7-17
8-20
8-
4%
.
Pennsylvania Edison—
7-15.
8-15
»■
75c
Rubber
$1
Name of Company
7-31
100%
(s-a)
8-20
Abbott Laboratories—
Co.-—
Peaslee-Gaulbert Corp.
3
8-15
$1.18%
.'
_
Tire
7-31
W.)
we
1
5
10c
(quar.)—;
Northwestern Fire & Marine Insurance (s-a)
Pal
87-
25c
—
Northern Liberties Gas Co
Northern RR. of New Hampshire
8-15
10C
—
8-20
7-12
$1
-—
(quar.).
8-15
8-15
Per
$1.10
Boston Lighting Properties—
preferred
(quar.):—
Norwalk
Park
3c
dividend)—
7-22
8-24
10-15
,
Ltd.
(F.
Consolidated
5c
(stock
7-22
$1.50
15c
$25
;—
Brothers, 4%%
Niquero Sugar Co
1
8-31
(quar.)
20c
Extra
North
Mines,
Extra
National Liberty Insurance Co. of America—
Semi-annual
___^
—
Sag Spring
Noranda Mines,
1
8-
preceding table.
3C
Neisner
8-
30c
Publishers, Inc., $2 pfd—
71'Ac
_i——
.
$33c
10c
.
8-17,
40c
Below
Insurance
(initial).
7-10
7-25
7c
quar.)_—
Marine Insurance
7- 8
9-
15C
Metals
Corp. (s-a)_
Corp. (increased
preferred
.•u
9-14
9-2
$1.50
—
-8-17"
£.td.—
20c
Manufacturers
8-15
1
8-1
25C
_
Semi-annually——.
Stores
7-15
30C
Machine, com. (quar.)
preferred (quar.) ______________
Franklin Fire Insurance Co. of Phila
>
Franklin
:if
50c
Co,—
&
-
$1.50
$1.50
.
weeks and not yet paid.
The list does not
announced this week, these being
7-15
;
9-14
50c
quar.)
(quar.)
8-31
dends
8-20
1
11- 1
40C
Mine Hill & Schuylkill Haven RR.
(s-a)
Monongahela Power, $4.40 preferred (quar.)_
National City Lines, new com. (initial quar.)
New
10-
$1.50
semi-annual
7-25
$1.75
IIIIIIII
Gear &
Foster <& Kleiser
434%
Extra
1
9-12
65c
(increased
7-20
$2
(initial)
Co.
9-
$1.25
(increased)
America
5
7-13
7-15
i7c
yr.
Elastic Stop Nut Corp of . America^—
Einpire District Electric, 5%
Eppens, U Smith: Co. : fa-a)
7-
1
2c
(lnitiaij"~~~
6
7-31
9c
——
6%
6-16
25C
Detroit River Tunnel Co.
Dewey & Almy Chemical
Ducommon Metals &
Supply Co.
Duriron Company
Y.)
No
7%c
(quar.)—**
Trust
Electric
Yuba
1
IOC
Michigan Central RR. (s-a)
Shoes, Inc., common (initial)
7-15
9-15
10-
———;.^w—-X.I*1
Investment
"
1
43 %c
___
Brothers^ Inc.
Shares*
7-10
$50c
___—
Diocesan
8-30
7-25
8;
20c
(irreg.)
7-16
8-31
(quar.)
preferred
Yosemite
7-31
$1
Miles
.
_________
Dividend
9-16
25C
$25c
Continental Commercial
Corp., 7% preferred
Cornell
Products, 6% non-cum. pfd. (quar)_
Crosley Corporation
I
Extra
8-15
25c
II
8-
8-28
$1.75
National Iron Works
Ltd.—
Consolidated Press Ltd., class A
(quar.)
Davidson
15c
62 %C
com.
7-16
1
Securities—
Jr., Co.,
(monthly)
Common tmonthlyf
York County Gas__
8-17
8-20
15C
Merchants
9-30
9-10
$1
—
8-
8-31
$20c
(quar.)
ff-29
8^ 1
8-14
9-10
40C
:
7-17
8-15
9- 3
$1.50
(quar.)
7-17
50c
i.—..-
quar.)
Tailors
Theatres
12-20*
>7-15
9-20
ChemicaLCo.—
Wrigley (Wm.)
7-15
$2c
1
7-23
Congoleum-Nairn,
Extra
5%
8
$5c
(quar.)
1
8-15
j.
(quarlf
Inc. (quar.)
Consolidated Grocers
Corp. (initial"
Custom
Ltd.
8-
87 %c
"Ill'
Corp.,
Mines,
12-30
$1.50
Woodall Industries,
7-15
8-15
1
15c
—
Common
7-19
1
40c
8-
50C
1
8-
45C
(irreg.)
McNeel
(N.
International
Electric
&
Boston
McGraw
-
7-
8-
87 %C
_
(interim)
$3c
IIIII
Interim
Mines
Marble, 6% 1st. preferred
Memphis -Natural Gas
■
Commonwealth
(increased)
$3c
~~~
quar.)
Corp.
Lowell Electric Light Corp.
Maiden Electric Co
7-15
$5
•
Ltd
Louisiana Power & Light, $6 pfd.
,
Louis
—
pfd.
(s-a)
(quar.)
Extra
50c
;
$3.50 preferred (quar.)
Collins Company (quar.)
Columbian Carbon Co.
(increased
Columbia Pictures
Corp.,$4.25
Gas
Gold
8-
•
Gold
Corp.
Lanett Bleachery & Die Works (quar.)_
Laura Secord Candy Shops, Ltd. (quar.)
e-
50C
—
(increased
^
(Mass.)—
Extra
•
8-31
7-15
$1.50
Colga be-Palmolive-Peet—^
Common
75c
Addison
Coke, Ltd.
Kingan & Company, 4% preferred (qu«r.)_„
Kresege (S. S.) Company (quar.)
Kroger Company, 6% 1st preferred (quar.).
K'7% 2nd preferred kquar.)
7-15
-
1
*
15c
Breweries, Ltd. (quar.)
Extra
8-1
$5c
7-11
20c
Joy
Coal &
F
8-
Wisconsin Public Service Corj>.—
7-31
22 %c
Holdings,
City of New York Insurance Co.
■:?:
8-31
7-20
-7-
35c
-
Shares
Trust
Woolworth
$50c
International
," """*
St.
1
25c
7-12
$1.75
&
7-15
20C
1
35c
Cincinnati Chicago
Ry.,
common
(s-a)
5% preferred (quar.)..
7-25
8-
1
17 %c
—
_:
& Lake Erie Ry. Co.—
prior lien (quar.)
5V2% convertible preferred (quar.)
Wilson Line, Inc., 5% 1st preferred (s-a)
6-28
8-20
7-19*
9-30
4%
5
$l%c
8-
(quar.)
Cleveland-
1
8-
7- 5
:>57- 5
•
U
17%C
Common
Irregular
7-15
$1
Quarterly
'
1
Detrola
(quar.)II.."
Century Shares Trust (irreg.)
Cerro de Pasco
Copper Corp..—
Chain Store Real Estate Trust
8-
7-15
Wheeling
7-11
25c
-
International
$7 preferred., (quar.)..........
preferred
8-
7-15
$1
International
Arizona
Common:
Shares.
8-15
40c
7-18
Light & Power—
.(quai'.).-^..^-.^—
Co.
7-23
25C
7-18
II—III
..
Tractor
1
75C
(s-a)
7-29
(quar.)...
Caterpillar
7-23
8-
Extra
7-27
1
25c
(accum.)_
7-29
"
20c
.
$1.20
preferred
(quar.)
Canadian Investment
Fund, Ltd.—
^ Special shares
I—
k Ordinary shares
7-27
8-15
$1.50
50C
California
Electric
Power
(quar.)
California Water & Telephone Co.—
$6
8-
20C
IIIIIII
Bullock's, Inc., 4% preferred
(quar.).
Calgary Power Co., Ltd., 6% pfd." (quar.LI
,,
Bond
8-15
7-15 A
8-
*
Weatherhead Company, $5 preferred (quar.)
West Point Manufacturing (quar.)
Insurance Co. of the State of Pennsylvania—
_
Hi- Extra
» Common
&
7-15
8-
;
7-15
$25c
Amulet
"
•7-25
8-15
8-15
B
Universal
7-15
1
25c
Ptfwer Co.,. common (quar.)
4%
preferred
(quar.)
Institutional Securities, Ltd.—
7-31
3
1
A
Printers &
Waite
-•V,,'"vV
7-25
.
.
20%
Electric
class
Class
7-20
8-
l'
25c
U. S. Radium Corp., class A (quar.)
U. S. Rubber Co.. common (increased)
8%
1st
preferred
(quar.)
9
8-
50C
.
Idaho
8-20
9-
preferred B
7-
1
8-
$1.50
Investing Corp., $7 pfd.
Hydro-Electric Securities Corp.—
5
16c
(quar.).
(accum.)_._
Company
(quar.)
50c
Paper, Ltd.—
/£ 7% preference
(quar.)
5%
7-13
10-15
8-15
$1.05
dividend
$1.50
7-15
1
25c
(quar.)_
(quar.)
(quar.)
Corporations,
United
60c
Home (Joseph) Company, common
6%
preferred (quar.)
Huston (Tom)
Peanut Co. (quar.)
9
8-
50c
.
preferred
United
8-15
25c
Incorporated (quar.)
(Geo. A.) & Co., common
preferred
9-16
31 %C
Horder's,
7-22
III
of America
British Columbia
Pulp &
convertible preferred (initial quar.)
Home Insurance Co. of New York (s-a)
8-15
I.IIIIIt'
Trust
Brewing Corp.
5%
1
'
1
7-31
25C
2
28c
(quar.)
Boston
8-24
9-
(initial)..
.asi..;
8-15
20c
8-
I
9-16
75C
—
1
10-15
(N. Y.)—
Works
(monthly)
Tom Bell Royalty Co
Tyler Fixture Corp., 5(4% pfd.
7-19
$1.25
40c
_I_~I
1
$21 %C
45c
Beverly Gas & Electric (irreg.)
Booth Fisheries,
common
(quar.)
8-
8-
35c
2nd
5%
Canada—
of
30C
(quar.)
o/Reo.
8-15
:
25c
(quar.)
$1.18%
(quar.)
Benson & Hedges,
$2 conv. preferred
Best
&
Company
v
preferred
conv.
Hormel
(A.
Holdere
Payable
25c
-
Goodyear Tire & Rubber Co.
5%
preferred
Harbor Plywood Corp. (quar.)
Haverhill Electric (irreg.)
Holly Stores, Inc.—
7-19
$1.25
(s-a)
Goodyear Tire & Rubber, common (quar.)
7-30
$1.25
Company
Semi-annual
7-22
15%
$1
When
Share
Globe & Republic Insurance Co. of America—
9
"
Automatic
«'
preferred accumulated
Toledo Edison Co., 7 % preferred (monthly)
6%-preferred (monthly) _____*_
,
Gilchrist
ll-
7-18,
I'¬
•'
(irreg.)"
preferred (quar.)—
Stock
$4
Co.—
11-
■
Sovereign Investors, Inc. (quar.)
Name of Company
:1
15C
25c
RR.
9-13
7-31
35c
Soundview Pulp Co., common (quar.)
$6 preferred (quar.)
Southern California Plastic Co.—
•♦Temporarily omitted.
Furniture
15c
-
quar.)i__i_^—
Agricultural
Suburban
American
7-ia!
1
■
preferred
6%
r
0
(quar.)
Common
658300*
.562716*
Closed
.562716*
.658300*
7-20
1
quar.)
Whitehall
7.7-20)
.
1
5c
&
>7-20
•
8-
(quar.)
Smith
.238520*
•
(interim
•
8-
6c
Signode Steel Strapping Co.,,
.091323
7-20
1
common
70c preferred (quar,)—^
70c
preferred (quar.)
.233626
4.005000
Union of South Africa, pound...
8-
7-205
1
1
10-
(quar.)
.040501
Switzerland, franc.
8-
20C
Sierra Pacific Power Co., common
6%
preferred (quar,)—
.201612
.040501
A
Seven-Up Texas Corp
986041
3.227000
Closed
.201611
Spain, peseta.
Sweden, krona
Uruguay,
1.000000
1.000000
.904375
Zealand, pound
Norway,krone_
Portugal, escudo
1"
8-
San-Nap-Pak Manufacturing Co.—
'
•
New
;7- 6
7-15
8-
B (quar.)
Tobacco—
J.)
(interim
Chemical.
Rutland
205715
Newfoundland, dollar—
:
(R.
Rumford
0*
.205715
7-Hr
•■>7-25*
87 %c
Rochester Trar.sit Corp. (s-at__.
Rose's 5, *10 & 25c Stores, .new
•
.205715
8-15;
8-15
fc
$5C
Extra
.301824
•
**
8-15
V
-
1
8-
75C
class
--Quarterly
.008409
~
.301824
;
9-14
25c
common
Rochester American Insurance Co.
.202060
'.208765
**
>9-13
9-14
-
$15c
preferred class
Class B
4.033750
:
-
(quar.)
preferred
Common
.570066*
.208756
•
...
(quar,)„
preferred.1 (quar.)
Reynolds
.988359
4.033750
•.
.
15c
-
(s-a)
Manufacturing .Co:,
:
6%
<
1.000000
.020060
4.033750
.301824
.008409
.208765
4.033671
4.033750
Ltd.
Republic Investors Fund, Inc.,
.060602*
•
preferred
3Vi%
1.051902*
1.000000
.906875
-
—
-
Reliance
Canada, dollar—
Free
Products,
10-15
....
50c
(initial)
8-15
25c
3,214113
,022843
.060602*
(quar.)
Raymond Concrete Pile, common
.251247*
3.214113
.022845
.
Co.
8-15
9-141?
90c
(quar.)
8-30.
9-14
"
3.214113
.060602*
preferred
Extra
$
.297733*
.022845
.060602*
Gamble
Corporation
July 11
.297733*
3.214113
.022845
&
3.60%
.....50c
7-1
9-30 4
$2
Quinte
July 10
$
.251247*
3.214113
;
Free
$1.75
(quar.)
Purex
Brazil, cruzeiro-/•
(quar.)
preferred
Proctor
.297733*
.297733*
.251247*
Australia, pound
Belgium, franc
Official
preferred
(monthly)
of Reo.
7-15
...
50c
1%
1930
'■
25c
$1.25
Holdere
Payable
'■'11 Vie
-
preferred
Potomac Edison,
July 9
'
s
.297733*
......I....
(initial quar.)
6%
Buying Rate lor Cable Transfers In New York
Value in United States Money
Country and Monetary Unit
conv.
Share
Public Service Corp. of New
Jefsey, common$5 preferred (quar.)—
;
6%
preferred (monthly)
'
Noon
Official
<
Corp.—
preferred
8 %
EXCHANGE RATES CERTIFIED BY FEDERAL RES ERVE BANK TO TREASURY UNDER
JULY- fr, 1946 TO JULY 11, 1946> INCLUSIVE
J. y,
'
Argentina,
""
Aircraft
4 VaVo
world.
r
when
Per
Foreign Exchange Rales
:
Monday July 15J1946
7-
1
7-15
9- 6
12-16
12-
6
'
7-15
6-17
$1.12%
50c
50c
$1.75
7-31
•:7e 9.
$1.25
7-15
6-28
$2.25'
7-15
7-15
6-21
8-30
8- 2
Kansas)—
and Telegraph Co.—
—————————————
»
7- 5
9-16
,
e-it
;
V-
;X.
^Volume 164
Number 4507
THE COMMERCIAL & FINANCIAL CHRONICLE
■
r'
>'
>
■
,
«UuericanThermos Bottle,
EXwfli
•
*„
50c '
>
-i
-
:
(;quar.)
$1,25
Extra
Ltd.'
Asbestos
S; $1.40
Mills
7-22
7-12.
7-15
Astor
■
40C
Financial
B
quar.)
Corp.,
Class
7-10
7-31
6-29
7-
5
7.15
7-
8
7-15
7-1
8-1
7-19
8-1
7-15
7%c
7-15
6-29
7Vic
7-15
6-29
8- 1
7-5
Mills,
(quar.)
Wilcox "Co
7% pfd. (quar.).
(quar)
Bangor Hydro-Electric Co..- common
Bankers Bond &
Mortgage Guaranty
Bankers Securities Corp.—
6%
participating
preferred
(accum.)—
Bartgis Brothers Co.—.
6%
preferred
(quar.)—:
Barber-Ellis of Canada, Ltd., 7% pref. (s-a)
Bathurst Power & Paper Co., Ltd.—
A
Beau
Brummell
preferred
-
(quar.)—
Berg (Russell) Fund (irreg )
Best Poods. Inc. (increased)
Biddeford
&
Saco
Water
.$7
preferred
Co.,.
common
(quar.)
Blue,Ribbon .Corp., Ltd., 5% pfd. (quar.)„
Blumenthal (Sidney), common
(quar.)
7% preferred
Bon Ami Co., class A (quar,)
Class B (quar.)—
*_
Borg (Geo. W.) Corporation
;
,
_
•
•Boston
Boston
Bridgeport Hydraulic
Bristol-Myers Corp,—
;
*
Co,
Class
8-1
7-12
8-26
8-16
8-
1
7-15
7-31
7-15
7-31
7-15
7-31
7-13
7-15
6-29
7-22
10- 1
7-15
9-10
1-2-47
12-10
8%c
8%c
Brown
Shoe Company.
(quar.)„
7- 3*
$4
7-15
6-29
1
1st
j Stock dividend
Butterfly Hosiery Mills, 7% preferred (s-a)
Byers (A. ML.) Co., 7% preferred (quar.)—_
Co.
7-
*$1.75
7-15
6-29
9-2
8-
7-30
7-15
7-15
7- 1
7-20
7-
$50c
8-
1
7-10
Connecticut
10-
1
9-10
Consolidated Car
9- 1
10- 1
8-17
*$1.75
10- 1
8-31
7-15
6-22
7-20
7-10
8-31
«a!Hprnla Etectric Power,
$3 pfd.
6%
preferred
7%
(1927
series)
(quar.)
^Commoft
California Packing
(quar.)__
_
(quar.)
7-
6-29
7-15
6-29
1
7-15
8-1
7-15
Consolidated
7-15
1
7-20
Consumers Gas
3
8-16
$1.75
i0-
1
52Vic
7-31
7-15
Continental Gas & Electric
20c
7-16
7- 2
Continental
8-
1
7-10
Cook
7-19
6-28
6-20
Copper
6-20
93%c
7-15
7-
*40c
7-15
6-29
8-
1
8-
1
$1.25
1
23c
7-15
6-27
|25c
7-15
6r21
8-
1
7- 8
7-31
7- 1
100%
7-20
*3Vi%
7-
1
7-30
6-30
8-
$1.75
7-15
1
Class
A
Canadian
'
*80c
1
7-15
*37Vic
8-
8-1
7-10
*18%c
7-31
7-
1
7-10
!
6-14
$10c
8-1
7- 8
(quar.).
t15c
12-15
11-25
(quar.)
tl5c
12-15
$i5c
8-15
A
(interim)
B
;
.
$$1.25
10-
1
1
9-20
$$2
10-1
2%
8-
1
1
+$1
(quar.)
7.10
7- 5
i$1
■
Carolina Clinchfield & Ohio Ry.
7.19
7-
$1.25
7-20
5
>Common
(quar.)
preferred (quar.)_
preferred (quar.)—___.
Carrier Corp. 4% pfd. (quar,)*
25c
4%
Corporation,
common
$1
(quar,)**—U.
(quar.)__
Associates
&
Electric,
comraonL-
1
'
?- 9
7-9
7-
7-15
40c
13c
6-28
7-31
37Vio
25o
10-21
6-29
9
9-17
-
9-
7-31
7-10
8-31
8-15
8-31
8-15
1
8- 1
7-10
6-27
8-
1
7-15
8-9
7-25
10- 1
10-1
9-16
9-20
7-31
7-12
8-30
8-10
7-15
6-30
7-15
6-30
7-31
7-19
7-31
-
7-19
Corp.
of
Fuller
,
9-
1*
8-13
9-1
8-13
7-2
;.
9-18
Class B
8-
1
7-20
7-20
7-10
7-15
6-30
6-29
General
8-
1
7-11
7-20
7-2
7-25
7-10
7-25
7-10
7-15
7-loI_
7-20
5%
6%
1
10-10
25c
7-31
7-~5
$1.75
7-20
Light, common
Film, class A
(initial)-.
$2
8-
1
3
Paint
partic.
(quar.)
pfd. (s-a)
Y
$4
7-
1
7-17
8-14
6-27
$$1.25
8-
1
8-
II
$3oc
7-30
6-29
Dominion & Anglo Investment Corp., Ltd.—
Common (annual)
f$3
7-15
6-30
(quar.)__
Dominion Coal Co., Ltd.—"
6%
preferred (accum.).
Dominion Dairies, Ltd.—
preferred
Dominion Fabrics, Ltd.,
1st preference
common
7;,-^
11-9
7-20
8-
6-28
7-10*
1
8-15
11-15
8* 2
•
11-
2
9-17
9-17
8-
1
6-28
8- 1
6-28
Public Service—
$1
(Initial quar.)—
$1.37%
7- 8
8- 1
7- I
30c
7-25
7-10
-
7-10
7-25
$1.12%
20c
(H. L.)
1
7-15
40c
7-13
6-24
25 c
8-
1
7-15
31 %c
8-
1
7-20
30c
8-1
7-25
8-
7-8S
1
1c
Insurance
Co.
6-15
7-15
6-20
15o
(quar.)
7-15
30c
(quar.)
9-13
9- 6
7-15
f.09
Ltd.—
$$1.75
(quar.)
pref.
8-
Corp.—
Great Lakes Engineering Works
75C
Brothers Co.,
—
7-15
9- 2
8-14
15c
conv.
8- 1
34% c
(quar.)
pfd. (quar.)—...—
Gries-Pfleger Tanning Co. (initial)
Griggs, Cooper & Co.—
6%
1st preferred (quar.)
Halle
7-25
30c
American
5'/2%
7-17
50c
Extra
Green
8-15
$1.25
Grandview Mines
$7
8-
.*20c
(quar.).
Safety
preferred
Great
6-28 *
1
$1.50
—
8- 1
7-15
9-25
$1.25
$$2.50
7-15
6-30
9-
2
8-15
7-31
6-29
10-
1
50c
8-
1
7-26
60c
7-15
7-8
75c
8-15
8-
12 %c
7-15
7- 5
$1.50
7-20
Harbison-Walker Refractories Co.—
7-15
6-29
*20c
8-
1
7-15
8-
1
7-15
3-
1
7-15
com.
preferred (quar.)
Gas, "4V2% preferred (initial)
Harrisburg Railway
•Hartford Electric Light Co. (quar.)
Hat Corp. of America—
4%%
preferred (quar.)
Havana Lithographing, 6% conv. pfd. (quar.)
Hecht Co., common (increased).—
Harrisburg
84 %C
$25c
7-15
6-2?
7-15
6-27
1
6-30
Hercules Powder Co..
6-30
^': ! '$30d
-fxtra-—————————$10c
Dominion Stores, Ltd. (quar.)—*„*—$25o
Dominion Tar & Chemical < quar.).*.—~ $25c
7-31
,
7- 2
7-31
preferred' (quar;).*..*—..*—*.***,
5%
8-17
8-1
7- 2
y
.
new
common
5preferred (quar.)
(.Initial)
7-16
6-30
•.
V- 8
7-31
7-8
$1.25
8-15
B 8- 2
75c
8-15
7-25
8-15
.
7-25
$3%C
:
7-26
50c
x
,
—
$1.25
7-16
7-26
150
HIebee Co
7-31
6-20
7-15
1
7*15*.
;
40c
7-2
9-14
■.
8-1
37%C
Hershey Chocolate Corp., common (quar.)__
$4 conv. preference (quar.)
Blbbard Spencer Bartlett & Co., (special) —
3%%
8-
$1.12%
preferred (quar.)-
8-1
8-
•
6-28
7-26
68 %C
—
1
7- 6
7-15
15c
—
*35c
(quar.)—«
420c
5% preferred (quar.;)*^-*———- $1.25;
Dominion Oilcloth & Linoleum Co., Ltd.—.
y
>
.
11- 9
11-25
1
Razor, common (quar.)..—
(quar.)
Gimbel Brothers, Inc., common.,
$4.50 preferred (quar.)
;
Globe-Union, Inc. (initial)
Golden State Co., common (quar.)
1
$75C
$37J/2c
Dominion Glass, Ltd., new com. (initial)
7% preferred ($20 par)
(initial quar.)—
Dominion Malting Co., common
11-25
7-20
1
—
(quar.)
7- 5
10-
(increased quar.).
$2.40 conv, preferred (quar.)___
Hammond Instrument. 6% pfd. (auar.)
Hanson-Van Winkle-Munning (initial)
$44C
(quar.)__
(quar.
preference
7-16
6-28
10-
6%
(quar.)
6-21
25c
*$2 25
1
preferred
7-25
5c
*$125
Extra
8-1
40c
Gillette
6-29
8-15
1
7-15
15c
quar.)
preferred (quar.)
General Steel Wares, Ltd., common
7-16
7-15
isc
8-
32c
25c
Great Lakes Power Co.,
(quar.)
$54.25
6c
$6
6-27
8-14
9-20
25c
,.$4 convertible preferred
$5.50 preferred (quar.)
7-10
121/2%
10- 1
(quar.)
General
7- 8
8-12
6-25
7-19
v..
.
5% conv. preferred (quar.)
Graniteville Co. (quar.)
3
8-25
7-23
8- 1
(quar.)
Gotham Hosiery Co
Graham-Paige Motors
7-20
7-23
preferred
7-10
9-
7-5
6-29
preferred
7-25
75c
7-15
1
7-20
25c
8-
$1.06V4
7-22
7-15
$2;
(quar.)
8-15
7-5
8-
37Vic
6-28
8- 6
6-29
10c
(quar.)
(increased
1
7-18
7-15
15 c
interest
7-15
7-15
7-15
7-31
7-15
30c
9-
8-15
,
(Boston)—
50c
20c
7-31
-
1st
8-12
1
7-15
;
25c
common
Corp.
6-29
1
2nd
7-22
9-
of beneficial
Common
$5
fioc
$4.25 pfd.
...
preferred A (s-a)
preferred B (s-a)
Ctfs.
6-29
7-25
'8-
$1
(irreg.)..
...
General Investors Trust
7-15
25c
w-7-15-
$4
General Mills
7-15
12-14
6-29
25c
Co., common
$8 preferred (quar.)
General Cable Corp.—
7% pfd. This payment clears all arrears
General Capital Corp. (irreg.)
General Dry Batteries
General Electric Co. (quar.)
8-
9-16
7-19
12Vic
—
8-15
1
(quar.)—
pfd.
< quar.)
General Baking
12-24
2 Vi %
non-cum.
&
7-10
7-22
10-
7-22
General
conv.
7- 5
7-15
IOC
6-29
Gardner
Aniline
11-20
1
Gabriel
5%
8-20
12-
1
8-15
Co.
6-27
7-15
6-25
Co.
7-1
8-
9-
Electric
>
7-15
8-
7-15
$1
7-18
7- 5
15c
$1.31 V*
(The)
6-28
-
7-20
50c
Brush, Class A. (quar.)
Class AA (quar.)...
Fyr-Fyter Company. Class A (qyar.)
1
7-16
7-15
60c
7- 5
7- 5
7-19
8- 1
—
7-25
1
7- 8
;
$35C
"? 14c.
^
10-10
7-15
25c
7-15
8-
7-10
10-15
55c
(quar.)__.
Schmidt Brewing
65c
25c
N.
Stores
&
$1.75
60c
7-15
12 Vic
25c
com.
,
preferred
Fuhrmann
isc
^
6-15
7-15
;37y2c
(initial)
common
$2.20
6-21
7-15
New
20c
Co
Manufacturing Corp
Mines, Ltd. (quar.)
3
••■>7-15
8-
15c
6-28
30c
1
dep. rets, for ord. regis, (final)
Quarterly
11-15
1
7-15
9.
.
7-
25c
Co
Home
6%
6-28*
12- 1
17 m
7-15
25c
__
7-15
12 Vie "" 7-31
25c
7.31
25c
(quar.)-—*.-.**.
Storage (qtiar, )*>,—.
Central Electric <& Gas
(increased Sra)*—.,
Gas
Edison
Second
>8-16
—
7-15
50c
&
Dodge
7-20
h-
goc
Central Cold
Central Hudson
9-20
1
g-
7-17
9- I
•
7-5
7-31
(Irreg.).—
Fraser Companies, Ltd.
J50C
fquar.)
Freiman (A. J.), Ltd., new pfd. (initial)— *$1.12V2
Froedtert Grain & Malting—
17y2C
Bonus
.
'-Extra
preferred
: Central Aguirre
10-1
$1
'4%
(quar.)—
Foundation Trust Shares "A"
$1.25
Distillers Corp.-Seagrams, Ltd.—
5% preferred (quar.)
5%
7-15
69c
8- 5
20c
(quar.)
Detroit Steel Products
7-10
Carpenter Paper Co.—
5%
Power
Detroit Gasket & Mfg.
6% preferred
5%
7-15
$2.50
6-20
3c
quar.)
& Cohn (quar.)
(Alfred)
Detroit Michigan Stove, new
5% preferred (quar.)
9-20
7-
6-28*
,-
7-15
75c
(increased)
8- 5
$1.12J/2
Light Co._
Delaware Rayon, 7% non-cum. pfd. (quar.)
Dennison Mfg. Co.—
$8 deb. stock (quar.)
Dentist's Supply Co. of N. Y. (quar.)
Denver Union Stock Yards (Colo.)
Dome
Rubber Co.
8-20
25c
_
(interim )1_
Celotex
pfd.
Dixie
8-
6-28
6QC
-
;
1% preferred (quar.)—*—
Fleming-Hall Tobacco Co., Inc.—
;-6% preferred (quar.)..
Z
Fort Pitt Brewing Co
Distillers Co.. Ltd.—
11-25
7-15
$1.75
—
Foster Wheeler Corp., common (quar.)...
Foundation Co. of Canada (quar.)..
20c
(initial
common
Amer.
&
preferred
87Vic
(quar.)
Ltd.—
Discount
7-15
Class
Petroleum,
Dewey & Almy Chemical,
Diamond Match Co., 6%
*$1.75
Class
--
Davenport Water Co., 5%
8-31
'
8-30
7%
jic
preferred
(initial)
common
1
Co., 4% pfd. (s-a)
Manufacturers, Ltd.—
"vL
(quar.)
Cunningham Drug Stores
Curtiss Candy Co., preferred (quar.)
Cypress Abbey Co
6-28
9- 7
9-23
70C
Corp. (irreg.)
Fitchburg-Gas & Electric Light (quar.)
Fitzsimmons Stores, Ltd.—
10c
Press, 3Vi%
10-
6-29
8-2
15C
70C
$2.50
(quar.)
Instrument
General Finance Co.,
$25e
(quar.)
6-29
9-16
7- 2
6-28
preferred
7-15
7-15
8-31
'Canadian Pacific Ry.
Canadian Wallpaper
8-21
$1,05
1
7-15
7.31
\0i8%
6-18
1
8-5
10-
2
,7-5
50c
First Boston
7-15
*12Vic
:
7-15
9-
$1.12J/2
Detroit
7-15
•7-5
,
$2.50
Quarterly
'V':;/35C'T
Grain, Ltd., 6V2% pfd. (accum.)—
Federal Mfg. & Engineering (initial)
7%C
/
Federal Services Finance Corp. (Wash. D. C.)—
Common
50 c
(quar.)
;
6% pfd. (quar.)
$1.50 ;
Federated Dept. Stores, com. (increased)—
750
4,/2% conv. preferred (auar.)
81.06V4
Fenton United Cleaning & Dyeing—.
7% preierred (quar.)
$1.75
7% preferred (quar.)
$1.75
Ferry Cap & Set Screw
ioe.
Fibreboard Products. Inc.—
6% prior preferred (quar.)
$1.50
Fireman's Fund Insur. (San Fran ) (quar.)
75o
6-18
8-15
Dayton Rubber Manufacturing, common
$2 Class A (quar.)
De Vilbiss Co., 7% preferred
7-31
(quar.)
7-15
8-15
Davies
t$l.50
preferred
6-28
7-10
$50c
(quar.)
6-29
$$1.50
5%
1
7-25
43%c
(quar.)
(quar.)
8-
(quar.)
6-29
J$1.50
common
7-15
1
Ltd.
7-20
6-29
Ltd.,
7-15
8-
7-12*
7-15
7-15
Co's,
8- 1
7-30
6-29
*l5c
Oil
6-29
25c
7-15
■
Class B
6-29
(quar.)
6-29
Ltd.—
>
8-15
7-15
Inc.
7-15
ii5c
1
8- 1
$1.05
Federal
Gardner-Denver
1
$$1.25
(quar.)
2
7-15
9-
28Vic
(quar.)
B (quar.)
•:>i7% preferred (quar.)
Canadian Investors Corp.. (quar.)
Canadian Motor & Lamp Co., Ltd.—
7- 1
(quar.)
7-15
6-24
A
8- 1
7- 2
8-
6-20
Class
9-10
12-10
50c
$1.75
6-20
(quar.)
9-15
12-15
7-15
7-10
7-15
;
7-25
30c
8-1
7-25
Products, Ltd., com.
$1,conv. Class A (quar.)
Canadian General Investments, Ltd.
Canadian Industries, Ltd.—.
8
8-
7-15
New
8-
Canadian Food
7-31
9-30
Cuneo
$1.50
Canadian
8-15
$2
9
*$1.75
V6% preferred (quar.)—
6-27
30c
7-31
7-15
(quar.)
7-15
&
preferred
75c
& Forster common (quar.)
preferred (quar.)
Cudahy Packing Co. common (quar.)
4V£% preferred (quar.)
7-10
8-15
Class A
6-29
Gregg, 7%
20c
(quar.)
$4.20 preferred (quar.)
Delaware
87'/2C
■
Farmers & Traders Life Ins. (Syracuse, N. Y.)Quarterly
—:
Crum
Decker
8-
#;l8- l
$1.12 J/2
50c
$1
Crown Drug Co., 7% conv. preferred
Crown Zellerbach, $4 conv. 2nd pfd.
New
7-15
30o
$1
(irreg.)
common
Cork & Seal Co.,
Crown Cork & Seal Co.,
7-
*30c
common
Fairchild : Camera
Co.—
1
7-15
Class
Sexton
1
8-15
preferred
7- 5
30c
(s-a)
convertible preferred
8-
*40c
Jt.;
Co.
8-
7-31
7-10
1
(quar.)..
1
&
7-10
•
$1.25
$1.25
8-
15c
(quar )
(irreg.)
8-15
7-15
5% preferred (quar.)
Canadian Converters. Ltd.,
L
Varnish,
125c
8-15
preferred A
12- 9
1
25c
50c
Culver CorporationCommon (s-a)
75c
$5
8<*
8-
Employers Group Association (quar.)
Erie RR. Co., $5 preferred A (quar.)
Faber Coe
8%
37Vic
Fairbanks-Morse
&
12-21
15C
6-29
25c
preferred
4%%
7-15
7.15
11-30
7- 2
^Canadian Bronze, Ltd.,
&
Co.
Crown
12-10
6l/2%
Insurance
Range
Cribben
7-19
9-20
60C
6-29
$$1.25
(quar.)
Coraell-Dubilier Elec.. $2.25 pfd. ser. A (quar.)
6-17
8-5
9-39
30c
....
7-15
6-27
.
6-29
(quar,)
7-15
7-15
?;
1
7-25
Eureka Pipe Line Co.——
Eversharp, Inc., new common (quar.)
Exeter &,Hampton Electric (quar.)
25c
Corn
7%
*$1.50
6% 2nd preferred (s-a)..
Emerson Radio & Phonograph
7-20
7-15
7-
7-16
7-15
—
7-20
$1.25
Exchange Bank & Trust Co. (N. Y.)—
Quarterly
;
Products Refining Co., com. (quar.)__
7-15
7-15
8-1
25c
(qqar.)*^—I
preferred
6-17
Corn
6-28
:
25c
(quar.)
$4.20 preferred (quar.)_—
Electrolux Corp. (increased)
Elgin National Watch Co.,'-common.^..
7% 1st preferred (s.-a)
Ely & Walker Dry Goods Co.—
7%
1st preferred (s-a)—
Firestone Tire
—
prior preferred
7-15
9-20
r 6-14
8-15
$1.50
Electric Bond & Share
Co., $3.50 pfd.
-
$3
7-15
8-1
4V&%
,
30c
7-15
7-15
Ekco
8-15
l2VaC
6% pfd. (quar.)
(Reading, Pa.) (quar.)_
Co.
7-31
50c
Cable.
8-15
37%c
Corp. of America—
(Increased quar.)
Paint
1
7-15
10-
r
t
Township Telephone (quar.)_^
Products Co.,
common.,
7-15
$1
(quar.)
$1
V-31
&
7-20
Container
8-31
(quar.)
8-15
$75C
9-
8-15
7% preferred (quar.)„_
Canada Southern Ry. (s-a)——-
6-20
$1.50
(increased)
Paper Co.
7-25
9-10
preferred (s-a)
,C»nada Northern Power, common
7-15
RR.—
Extra
8*
50c
Canada Wire
River
Consolidated Royalties,
Ltd.
20c
62Vic
non-cum.
7ll5
$l5c
Consolidated Grocers Corp. (initial quar.)__
Consolidated Mining & Smelting Co. of
56Vic
*62Vic
37Vic
.6%
7-22
$1.50
$1
Consolidated Chemical Industries, Inc.—
$1 partic. pref. class A (quar )
Dearborn Corp. (quar.)
7-10
(quar.)_IIIIIIIII
com.
preferred
11- 1
1
8-12
(Toronto)—
$1.50
(quar.)
7-10
7-20
12-
10c
$1.50
37J/4c
pfd.
7-15
7- 1
$3
Extra
8-20
•br<
Eastern
$5c
Extra
Canada,
t
7-10
9-10
$1.50
.Quarterly
Eastern Massachusetts Street By Co.—
6% preferred B (accum.) I
Eastern Stainless Steel (irreg.)———
$1.25
Power, 6% pfd. (quar.)_
Heating Co. (quar.)
7-15
(quar.)
preferred (quar.)
$2 preferred (quar.)—.—
Campbell (A.. S.) Co., common (s-a)
Canada Iron Foundries, Ltd., com. (s-a)—_
$%
River
7-20
8-
7-10
1
7-15
$3
&
Passumpsic
(s-a)
pfd.
7-27
8
1
8-
vV'Xi
7-25
"
•
$20c
fJWIaway Mills, $2
l
'
8-
$$1.50
*
25c
(quar.)
common
.$1.50 1st preferred (quar.)
>;,80c 2nd partic. preferred (quar.)
California Oregon Power,
6%
7-10
$$1.50
Connecticut
1
1
$1.25
Quarterly
Quarterly
8-22
•X";
*$1.25
$10c
Consolidated Edison Co. of N. Y.—
$5 preferred (quar.)
2
8-
$1.50
Gas Co., 7% pfd. (accum.)
Conduits National Co.. Ltd. (irreg.)
Confederation Life Association
,
12-20
10c
(N. H.)
i"'.7- 1
$1.50
11- I
2-7-47
25c
Consolidated
Concord
7-1
7-15
9- 2
,
8-1
60c
7-15
7-15
7-15
de Nemours dp Co.—
35c
37Vic
1
8-19
8-1
99c
(s-a)
7-15
8-15
—
7-2ft
*25c
Electric Co., common
preferred (quar.)
j38q
(quar.)
Cai?ve^,Linen M1Ps- Ltd..
preferred
participating preferred
6%
90c
pfd. (quar.)
8-19
$1.75
25c
Concord
7-
40c
Inc.
(irreg.)
Burkart (F.) Mfg. Co.—
Byroh Jackson
Works. 7%
7-20
7-23
$i
$3.60
Burdine's
6- 6
9-14
8-1
10c
Manufacturing
10c
35c
Broittpton Pulp & Paper Co., Ltd.
Brooklyn Union Gas (quar.)
7-15
75c
25c
A
Water
Commonwealth Edison Co
Community Frosted Foods Co.—
30c
J25c
partic. preferred (quar.)
Columbia "Power. Ltd., cl. A (quar.)
British Columbia Telephone, 6% pfd.
(quar.)
Broadway Department Stores, 5% pfd
Brockton Gas Light do—:
'
8-20
25c
Combined Enterprises, Ltd., 5% pfd. (quar.)
Commercial Alcohols Ltd., 8% pfd.
(quar.)_
Common (quar.)
12Vic
3%%
3
$2
(s-a)
(irreg.)
pfd. (quar.)
Coca-Cola Bottling (St. Louis)
(quar.)
Cockshutt Plow Co., Ltd. (s-a)
Collins & Aikman, 5% conv.
preferred
Colonial Mills, Inc.;
Columbia Gas & Electric, common
6% preferred series A (quar.)
Preferred 5% series (quar.)
5% preference (quar.)__
32%<>
(quar.)
9-
Clarostat
i6e
Brantford Cordage Co., common
(quar.)
> $1:30
preferred (quar.)__
Brantford Roofing Co., Ltd
25c
25c
(increased)
common
60c
Edison Co. (increased quar.)
Personal Property Trust (quar.)
|
7-26
$1,75
BJoomingdale Brothers (increased)
7-19
6-28
25c
1
1
1
Clinton
(E. I.)
..
Co.,
$17c
(quar.),
6-28
8-
•
Electric
7-15
9- 3
Stores
$1
(initial)
9c
8-
pfd.
8- I
—
$1.50
$$1.37%
du Pont
$4.50 preferred (quar.)—
* $1.12 Va
Dun, & Bradstreet, Inc., common (quar.)
f
50c
>4% % ' preferred (quar.)—$1.12Mj
Duplan Corp. (Initial)
30c
Duquesne"Light Co., 5% 1st pfd. (quar.)—
$1.25
Dwight Manufacturing Co._
50c
East Penn RR (s—a)—————;
$1.50
Eastern corporation..
20c
Eastern Magnesia Talq Co,, Inc.—
Cincinnati
*l7c
(ouar.)
BUtmore Hats, new common
$1 Class A (initial quar.)
Birtman
4%
6-17
*200
—
7-11*
7- 1
50c
,ir;
RR.,
60c
Co. of Canada
8-1
1
7-15
(quar.)
(quar.)*
Inter-Term;
25c
TA, pre£erred <9uar-)—•-——
Telephone
Chickasha Cotton Oil
>
Chrysler Corporation
$$2
(quar.)—
Manufacturing Co. (quar.)
Belding-Corticelli, Ltd., common (quar.)
Belt
Fund, Inc. (irreg.)
Chicago Wilmington & Franklin Coal
Chicago. Yellow Cab
3Qc
*$1.50
(s-a)—_
8-15
8-
5c
t$i.75
common
Belden
«
(quar.)
20c
Tiesx
15c
40c
:
(N. Y.)
(initial)
City
35c
Stqck dividend
Be$ver Lumber Co.,,Ltd.,
7%
Inc.
7-19
$25c
(quar.)
7-15
of Reo$
*$1,75
^Worsted—
_
100%
(quar.)-
7- 2
-
1
50c
U%% preferred
7-15
8-1
56V4C
Payable
Donnacona Paper, Ltd., new pfd. (initial)__ *$1.12 »/a
Dow Chemical Co., common—.__»*
75c>
$4 preferred A (quar.)-.—.—
$1
Dow Drug Co. (quar.)——
15c
7-2
10%
Corp.—
(quar.)^
Holderi
When
Shorn I
,
7% preferred (quar.)™
Domlnion :Woolens &
Increased quarterly
7- 2
7-15
8-
$1.25
$1.50
Rubber Co._Baltimore Porcelain Steel,
7-15
7- 5
17 Vic
(quar.)
Baldwin
Bay^tate Corp.
15c
35c
Investment
preferred
.
7-15
LV:
7- 5
$1.13
___
8-
$1
8-1
5c
preferred
;
8-1
$1
56%c
common.,
preferred
-Class
fcomlntoiLTextile,.
7-15
New Orleans & Texas Pacific Ry.
'i 6 %
preferred (quaft)
9- 3
■ ■. $1,25v
Citizens Utilities. Co.
8rl0
(increased)—.
50a
City of Paris Dry Goods—:
.'
>>
7% 1st preferred (quar.)
8-15
$1.75
7%
1st preferred (quar.)__—»;
11-15
$1.75
7%
1st preferred (quar.)
$1.75 2-15-47
7% 2nd preferred (s-a)
1-2-47
$3
5c
___
6-28
7-25
$2.50
'
7- $.
7-15
$1
'
*
if;
40c
90c
;
A
preferred (quar.)____
Auto Finance Corp., common (extra)
Aviation Corp., $2.25 conv. pfd.
(quar )
X.
Nam of Compant
7- 5
$1.19
Chemical
8-1
35c
•%$.%%
6%
4Vi %
Chase Candy, Co.,;(quar.)
22 %c
convertible preferred (quar.)__
% Atlas Powder Co., 5% prefeired (quar.).___
Atchison Topeka & Santa Fe Ry. Co.—
r -% S%
non-cum. preferred
(s-a)
Atchison Topeka & Santa Fe
Ault & Wiborg
Proprietary. Ltd.—
&
i'
Cincinnati
(s-a)_^—*
Co.,
Chain Store
Chasers,
3c
;;/m*v49S>
Babcock
Per
'
of Reo.
7-21
25c
7-21
———
Chase National Bank
8-1
,
Atlantic City Electric, t4%*pfd.
(quar.)..^
Atlantic Refining Co., 3.60% pfd.
(quar.)_„
,j Baldwin
'
Holder*
Payable
Share
•-.*
7-12
$1
(quar.)
Extra
.
7-12
'
$1.12%
pfd. (quar.)
pref. (quar.)__
Telephone Co., Ltd.—
preferred
(quar. )1
^$4.50
Name of Company
>:
.
1-21
7-23
7-23
7-20
*68%c
convertible
Avondale
«
Central Ohio Light & Power (initial)
Central Power & Light, 4% pfd. (quar.)—..
Central Republic Co,
10-22
U0c
Manufacturing—
Class
•
Central Investment" Corp; (initial)***^-^-1
Extra; Central Kansas Power, 4%% pfd. (quar.).
7- 5
Associated
>
:
Stock dividend
(s-a)
Art-Craft Briar Co.(initia)
'1
7-12
8-1
50c
SSff K?ec; Po^ei'
|X Arlington
9-20
$1.50
8-1
$1.50
11-l"
$1,50 1-31-47
Aaglo-Canadian Telephone, 5 % % pfd.
(quai'.)
Angfo-Huronian,
7-20
25c
;
.
1-
30c
Pr!or .Preferred (quar.)
pr/or Prefefred (quar.)
I
Pr*01'."Preferred (quar.)
5^^e5SOn claJ'ton & c°. (quar.
I
7-20
1
When
Per
of Reo,
10- 1
*
Hvf
;
8ft.
53J/ac
& Smelting—
Wire & Cable (quar.)_
Anchor Hocking
Glass, common
Anchor Post
Products, Inc.—
•
<
25o
.
(initial quar.)IIIIHIIII
American Zinc Lead
$s' Pri°r Preferred
V
(quar.)
common
''
Holder*
When
Payable
share
■
Preferred
>
Per
Name of Company
■
7-16
7-15
7-1
8-
1
7-1$
m,
»&«£
,
fi
,,,„J|
,
■:::-
..
l_,v,.
w.,
¥,...
„w ^gwmmwwM
THE COMMERCIAL & FINANCIAL CHRONICLE
,.
320
Monday, July IS,
(Edward)
dividend
Mineral Corp: for .each share held)
Holly Development Co. (quar.)
7-15
6-24
7-25
6-30
8-
Holly Sugar Corp: (quar.)—*'..
25c
(quar.)**—*—
$1 class A (quar.)
"
'
1' : : 7-15
25c
*————*—
:
$4.25
7-15
40c
8-29
7-26
'—*—
Co.,
$1.06%
9-27
Horn & Hardart (N.Y.),
50c
8-1
9- 3
m 9-6
8-6
4%%
6-29*
8-
$1
Hummel-Ross Fibre Cord—
6% preferred (quar.)——*
6ft
9
8-19
$1.25
9-30
12-30
5ft
50C
8-
$1.25
(s-a)——
r
1
::
7-31
20c
——
Telephone, $2 pfd. (quar.)
Insurance Co. of North America
8-
$1.90
Payment clears all arrears.***
pfd.
1
7-15
Corp., common (quar.)—
4%ft, preferred (quar.)
International Bronze Powders, Ltd.—
6%
(Increased
7-31
preferred
partic.
Business
Harvester,
International
Machines
Milling,
.preferred
7ft,. preferred
7-15
6-15
7-15
6-15
$1.50
9-10
8-22
65c
7-15
6-17
(quar.)—
(quar.)—
common
preferred
$$1
par)
International Resistance. 6ft
Interstate Department Stores
83/4C
8-
1
7%c
8-
1
7-10
7-15
6-24
35c
Intertype Corporation Investment Foundation, Ltd.—
25c
*,—**—*
6ft
convertible pref.
Public
Service,
(quar.)
$6
1st
(quar.)
$75c
7-15
———***«
*1——***—*—*■*—_;——
Investors
Trust
7-17
7-22
50c
8-
$7
•A;r
1st preferred
Iron Fireman
t
:
Common
58 %c
8-
Common
1
1
Irving
—
-
$6
jewel Tea Co., 4%ft
preferred (quar.)
3%% preferred (quar.)—
Johnson & Johnson, 4ft 2nd pfd. (quar.)—
Joplin Water Works, 6% pfd. (quar.)
Journal Publishing Co. (Ottawa) (quar.)
5ft
preferred
12- 2
11- 9
5ft
preferred
7-31
7-15
6ft
preferred
7-31
7-15
6ft
preferred
$1.25
~
$1
Furnace
*_
The
Fair
surrender
& Co;
7-15
7-15
8-
1
7-15
$15c
8-
I
7-15
Pacific
8-
7-15
11-30
11-29
9-20
12-23
12- 2
20%c
88-
1
15c
8-24
of
9-
3
8-1
7-20
6-29
7-20
6-29
7-15
7-
Mountain
^Sft
7-11
8-
(quar.)*
9-3
8- 9
$1
7-26
7-8
$1.12%
9-27
9-20
$1.12%
12-27
12-20
50c
'**——.
9-1
8- 9
$2
12%c
(quar.)
7-16
7- 9
$25c
7-16
States
Tel.
class
eft
7-9
A
7-19
8-
7-19
25c
9-
&
Tel.
(quar.)—
25c
5
9-
12- 5
30c
preferred
Co.
12-
1
$1.75
8-15
7-31
1
7-15
8-
8-15
8-
8-
1
7-15
8-
1
7-15
7-15
6-25
7-15
6-25
"$4
1
7-18
$1.25
7-11
6-26
15c
7-15
7-
25c
7-15
6-22
8-
8-
1
7-15
10-
1
8-13
7-15
7-15
5c
$1.50
7-
Lake St. John
Lake
of
the
Power & Paper Co..
$50c
Woods
Ltd
7-15
6-21
National Aviation
9-
8-
National Battery Co.
(increased)
National Biscuit Company, common
Milling Co., Ltd.—
^ Common (quar.)
r0}.-7%
preferred
(quar.)
$$1.75
Lamaque Gold Mines (interim)
Lamson
f
&
$8c
Lane Bryant,
Co.,
4%%
preferred
(quar.)
6-
$48c
7-15
6-15
50c
7-31
7
7-13
3
8-27
12- 2
11-26
9-
lc
9- 3
,
8-15
,
Extra
.**_.
Lebannon Valley Gas,
6ft
preferred (quar.)*
Tire Corp. (quar.)
Portland
Cement
—
National
Life
Quarterly
Quarterly
Printing Co.,
Insurance
*
••
Lincoln
$3.50
National
National
7-15
6-29
National
7-15
$3
**,
12-31
12-21
7-25
7-15
8-
1
7-15
1
7-15*
750
50c
8-
National
New
7r22;
Quarterly
preferred
Extra
********—*****
——*******—-——*
common
37%C
7-16
7—8
37 %c
8-
1
7-13
31 %C
7-15
6-25
$1.12%
$1.30
12%C
30c
30c
25C
(quar.)
87%0
preferred
8- 1
7-15
Extra
National
8- 1
11-
6ft
7-26
1
7-18
1
7-18
8-
$$4
Lock Joint Pipe Co.—
Common (monthly >
r
8ft
preferred
!
(quar.)i.*****—
Loft' Candy Corp.**
Lone Star Gas Co. (quar.)
7-
7-18
$1.10
$1.10
*********
$1
8ft
prior
9-10^
8-23
CO
H
t
Pittsburgh
7-20
9-28
9-19
12-19
8-
1
7-15
8-
1
7-15
7-24
7-10
1
7-18
8-
30c
7-15
10-15
—
*
—;-*
3-10-47
6- 7
$1
$2
15C
20c
7-31
10-
6-28
,;7-i6.;
9-9
New York Power &
9-21
,
6-26
8-23
Brunswick Telephone
4%ft
8- 1
8-1
,
7-12
8- 1
7-15
8-1
7-10
.
7-15
7- 2
7-31
200%
7- 9
7-
8-1
75c
-
75c
■-
•••
1
8-
9*
7- 9*
2c
8-1
7-20
1%C
8-1
7-20
7-15
6-28
7-15
8-28
•:
Light Co. (quar.)
Ltd. (quar.)
Co.,
(quar.)
Light, 3.90%
preferred—
pfd. (quar.)—
1}
7-15
7-
1;
8-
5
7-23
7-31
7-12
50c
7-15
7-25
10-
9-14,
1
12-14
50c
1-1-47
50c
4-1-47 3-15-47
8- 5
8-15
33 %c
25c
11- 4 ;
11-15
3
2-5-47
8-15
8-15
7-15
25c 2-15-47
$2
$75C
9-
$$1.50
8-
1
7-2
7-30
7-15
7-25
7-10*
$1.06%
8-
7-15
1
50c
7-30
7-6
30c
9-14
8-314
$25c
7-15
7-10"
$1
6-20,
7-15
8-
$1.10
1
•
*
7-20 ;
8-16 1
•
9-10
1
7-10
10-12
7-15
10- 1
8-
7-
1
8-
1
7-15
8-
1
7-15
8-
1
7-19
7-15
20C
7-20
6-29
'■■t 7- 1
7-31
7-13
1-21
7*- 8
7c
7-15
6-28
7-15
6-28
9c
7-15
6-28
7-15
4C
6-28
5
53 %C
8-15
8-
$1
7-12
6-29
7-15
6-29
$1.50
10-
1
9-16
15c
8-
1
7-20
97 %C
8-
1
7-15:
5$ 13C
8-
933Ac
1
7-16
8-1
7-22*
.,,50c;
8-14
8-1
50c
11-15
,
V
11- 1
ft*-}?.»
7-
7-15
7- 2
7-31
2
6-28
7-15
7-
7-15
6-15
7-15
6-25*
$1.25
7-15
7- 5
$25c
8-15
7-31
Employees Corp.,
(irreg.)—;
(irreg.)
common
8-
1
7-15
41%c
50c
58%c
8-
1
7-15
8-
1
7-15
8-
1
7-15
7-15
6-14
50c
50C
8-15
7-15
$1.25
7-15
6-21
8-1
1* 5
15c
7-20
6-28
$1.50
8-31
8-
$62 %c
1
$25c
8-26
7-18
20c
7-20
6-30
7-20
6-30
,
—
common
20c
7-20
6-30
25c
*
(quar.)
Engineering—
$2.10 convertible preferred (quar.)***—««
Company,
1
41 %'C
20c
A
80c
7-25
6-29
$1.50
7-25
6-29
25c
8- 8
7-11
52%c
8- 1
7-19
5c
7-25
7-10:;
Reliance Electric &
Company
__—.*'***_*
—
*
Drill & Tool,—
(stock dividend)—*
*
(stock dividend)
6ft
preferred
(quar.)**
*—-*—_*
Republic Investors Fund, Inc.—
6ft preferred A (quar, )**^*..**—******
6ft preferred B (quar.)***
Republic
Common
A
Inc.—
(quar.)
Rhode Island Insurance (stock dividend)—_
Rhode Island Public Service Co., CI. A (quar.)
Revere
preferred
$2 preferred (quar. )_*****:*—******—*
Rice-Stix Dry Goods Co.—7ft
6ft
8-1
8-30
6ft
7%c
8- 1
6-30
15o
8-1
6-30
8-1
7-19
'
150
8- 1
7-3.5
Copper & Brass,
5%ft
1st preferred
(quar.)
—*—.
(quar.)
(Calif.)
(increased)
Richmond Insurance (N. Y.), (quar.)
7ft
.
$1.25
6-28
7-15
$2
Renner
1-31-47
7-26
6-28
7-20
50c
7-15
8-15
6-29
7-20
$3c
50c
8-31
6-24
7-15
(quar.)
8ft pfd. (quar.)
Prosperity Company, 5ft preferred iquar.).
Provincial Transport Co. (s-a)
Public Service Co. of ColoradoCommon
(quar.)**
*
5ft
preferred (monthly)
6ft
preferred (monthly)
—
7ft preferred (monthly)*
Public Service Corp. of New Jerseyeft preferred (monthly)
6ft
preferred
(monthly)
Puget Sound Power & Light—
$5 prior preferred
(quar.)
Purity Flour Mills, Ltd.—
Red. preferred (quar.)
Putnam (Geo.) Fund (Boston)
Quaker Oats Co., 6ft preferred (quar.)
Quebec Power Co. (quar.)
East Dome Mines
7-30
$1.25
7-10
7-20
6-20
preferred (quar.)
Railway Equipment & Realty, common
6ft
1st preferred
(quar.)—
100ft
9-14
7-20
6-20
Railroad
1;
10- 1
7-15
7-15
7-
7-:T';
;
$2.50
10c
25c
$30c
6-28
7-15
74:5'."
7-20
•^7-15
25c
7-20
:>
50c.
$i;
$1.25
*
8-1
•
(quar.)—
1
7-
7-15
Class
series
7-
$75C
Reading
Newberry (J. J.) Co.v 3%ft
Niagara Hudson Power—
5ft
1st preferred
(accum,)«*_*—**—***
Nineteen Hundred Corp., class A (quar.)—
Class A
(quar,)***.***.—.****.*—**—*
'
5c
$1.50
preferred
6-30'
7-15
50c
5c
Bolt Corp.
Procter & Gamble Co.,
7-15
15c
6c
New England Laundries. $6
pfd.
New York Merchandising Co
6-20
1
stock
Co..
7-15
$$1.50
1st
Preston
7- 1
7-15
&
non-cum.
Prentice
8-13
7-15
12c
New
2-24-47
'7-15
common
5
7-
preferred (quar.)
partic. preferred (quar.)**
(G. E.) Mfg. Co. (quar.)
Cft
9-10
8-30
15c
30©
Screw
Tool Co
6ft
6-11*
$1.75
I—:
Gas & Edison
,
7-15;
■
75c
(quar.)—.—
$5 preferred (quar.)
Power Corp. of Canada—
Common (interim)
6-28
7-15
56Vic I
series
Bedford
*—
Plymouth Cordage Co. (quar.)
Employees stock (quar.)
Portland Gas Liglit Co., common
8-15
8-31
12-28
*
series
1
7-15
Pittsb'gh, Cincinnati, Chicago & St. Louis RR.—
$1.75
—*——-
National Tea
11-22
50c
(irreg.)
8-
50c
$2.50
*
Railway Co
25c
(quar.)*
New
8-23
12-10
75c
—
9-10
50c
(s-a)
Low-priced
11-22
(initial)
Northern
&
12c
(quar.)
;
Low-priced bond
3-10-47 2-24-47
50c
;
preferred
Bond series
1
7- 1
12-10
Fabrics
32 %c
$1.75
8-15
common
Class
National Radiator Co.*
National Securities Series-
6-28*
Speculative
—**——*****
Special guaranteed (quar.)
Special guaranteed (quar.)*
Little Schuylkill Nav. RR. & Coal
7-15
Mallison
7-19
$1
9- 1
New
$1.50
(irreg.)
(quar.)
7-29
$1
7-20:
90c
6-29
20c
preferred (s-a)
National Pressure Cooker Co. (stock dividend)
National Pumps Corp.—
8-3
$3
Little Miami RR. Co.—
Original capital *****
Original capital
Original capital *:
*****
Special guaranteed (quar.)_—
preferred B
6-28'
37 %c
,7-15
—*****.—*——*-*——
5%
6-12,
9- 1
7-15
25c
(resumed)
Lit Brothers, 6ft preferred
(accum.)
7-15
35c
*******
National Manufacture & Stores
Corp.
National Paper & Type Co.—
10-26
8- 1
—----'
-—,.**'.
Fuel Gas (quar.)
National Investors Corp.
National Lead Co.—
7-22
1
.-*«*—*—*
7-15
CA
50C
Pillsbury Mills, $4 preferred (quar.)
Pittsburgh Bessemer & Lake Erie—
Welding Machine Co. (quar.)
Extra
*
Piedmont
7- 8
•
.
7-22
6-29
8-
50c
—
i
6-30"
$1.50
40c
6-29
25c
*****——-***—-
,
'
6-28*
7-15
50C
(irreg.)
6-29
Department Stores—
National Elec.
Machine & Gear
7-20
80c
quar.)
7-15'
15c
(s-a)
7-31
7%C
*
National Distillers Products (stock dividend)
National
Lionel Corp.
-
Register (quar.)
Chemical & Mfg.
City Bank (N. Y.)
Company (initial)
Container Corp.—
(initial
preferred
(increased)
7-20
25c
Cash
common
conv.
Traffic Co.
37 %C
1.296875
(Fort
(accum.)
Link Belt Co. (quar.)—
Lion Oil Co.
(increased quar.)
:■
(quar.)—-.—****——
1
8-15
90c
12%C
30c
(quar.)
6-29
National
10-5
Lindsay (C. W.) & Co., Ltd.—
6%ft
Corp.
8-
7-15
35c
'
■
(initial)
(increased)
Lerner Stores Corp. com. (quar.)
4% ft preferred (quar.)**
Lexington Telephone, 5.2 ft preferred (quar.)
Liberty Loan Corp., 50c preferred fquar.)*,
;
National
10c
I*ece-Neville
Lefcourt Realty Corp.—
;.c->
$3 convertible prior preferred
Lincoln
5
6-29
93%c
93 %c
■
7-
I 7-15
7-15
17c
*****
8-15
8-1
80
*
11-15
: 50c
.
—
7-15
75c
$1.25
$1
62%C
20c
(quar.)
(quar.)
X.
1
40c
4.4% preferred (quar.)
Philadelphia TransportationParticipating preferred
Philip Morris & Co., common (quar.)
$3.60 preferred (quar.)
4ft preferred (quar.)
Phillips-Jones Corp., 7ft pfd. (accum.)
Pick (Albert) 5% preferred (s-a)
7-11
7-15
25c
pfd.
4%ft
7ft
preferred (quar.)—-—
National Bond & Share——.—*—
56 Vic
(quar.)
Lawyers Title Insurance, 6ft pfd. (s-a)*—
Lazarus (F. & R.) Co.
(irreg.)
Rubber &
Common
3
8-26
25c
common
**__*_
Lehigh
8-
1
3
25c
Machine
Langendorf United Bakeries, $2 CI. A (quar.)
!• it. Class B (quar.)**.
Lee
9- 3
10-
Sessions Co.—
Common
Ijindis
3
Electric,
Strauss-Duparquet
7-
8-
75C
Phelps Dodge Corp. (quar.)
Philadelphia Electric Co.—
7- 6
1
8-
50c
$1.50
10c
Nathan
Narragansett
7-15
7-22
7-15
(interim)
Shares
non-cum.
Perkins
1
$1.50
6-25
33% ft
7-19?
1
lft
Pennsylvania Power Co., 4%% pfd. (quar.)
Pennsylvania RR. Co. (irreg.)
Pennsylvania Salt Manufacturing Co
Peoples Credit Securities
Peoples Gas Light & Coke
Plomb
7-31
3
7-15
7-26
8-
shares
& Tilford, Inc.
Penn
5
$20c
25C
6-28
7-15?-
8-15
50c
*
(stock dividend)
Company
Telephone, common (quar.)
Common
(quar.)
Common (quar.)
$1 preferred (initial)
—
$1 preferred (quar.)
$1 preferred (quar.)
Peabody Coal Co., 6ft preferred (accum.)**
Penman's Ltd., common (quar.)—*
6ft
preferred
(quar.)
Penn Investment Co.
(Phila.)—
5
$1.50
$1.75
Bottling
Coca-Cola
Common
7-15
8-15
-
1
50c
Semi-annual
(quar.)
$25c
$$1.75
$1.25
$1.25
(quar.)
Peninsular
-
each
(quar.)
(quar.)
Electric
&
American
12- I
America-
6ft preferred (quar.)
Mutual Investment Fund
(increased)
(quar.)
(quar.)
Parke Davis & Co. (increased)
Patino Mines & Enterprises Consol.—
1
9-
5
9-
12- 5
50c
of
*—
preferred
4%
1
30c
$1.50,.
—
7*15;
7-iar
7- is
8-
Paraffine Cos.—
Park
$1
(quar.)*
Chemical
Gas
11
7-15
7-31
$1.12%
$1.25
(quar,)*
com.
Stockholders holding less than 100
will receive a 20c cash dividend
$1.50
Power Co., com.
(quar.)—
(quar,)*——————
$30c
Laclede Christy Clay Products—
(Stock dividend). One share for
—
Mining & Development
(quar.)
Rice Mills (initial)—*
States
preferred
Pantasote
Oil
Royal
Mutual
12 %c
(quar.)
*
8-
Corp., common (quar.)
$5 preferred (quar.)—*
6ft
preferred «quar.)
Pacific Portland Cement, 6% ft pfd. (accum.)
Pacific Public Service, $1.30 pfd. (quar.)—
Packer Corporation (quar.)
1
8-
Society (quar.)
Mullins Manufacturing—
$7 preferred (quar.)
Munising Paper—
5ft 1st preferred (quar.)
Muskegon Motor Specialties—
7-16
~50c
—
8-1
8-15
Pacific Lighting
9-
$1
preferred
Mountain
$4
certificates—
(s-a)
8-15
-
25c
RR.
50c
Co., $5 1st preferred
Finance Co. (Los Ang.)—
Pacific
9-
common
7-15
1-="
Insurance
Diablo
Co.,
Mount
7-11
8-
$1.50
(increased)
Kroger Company (quar.)
Krueger (G.) Brewing Co.
Mount
8-15
7-15v
,7-31
&
6-29
59 3/10c
convertible preferred
Pacific
6-29
Quarterly
7-31
"
20c
34%c
Morris Plan
8-20
12c
Nav.
—
1
22%c
quar.)
Mine Hill
7-15
Aggregates—
Coast
4% %
5ft
7-15
50c
Knitting Co., common
Monongahela Valley Water, 7ft pfd. (quar.)
Monroe Loan Society, class A (quar.)
Montana Power Co., $6 preferred (quar.)
Montgomery Ward & Co., com. (quar.)
Montreal Telegraph Co. (quar.)
Morrell (John) & Co. (quar.)
6-28
25c
&
7-26
30C
;
Pacific Coast
7-15
100ft
(initial
common
Creek
9- 3
25c
Outlet Company
Brush
8-30
8-28
10- I
Ox Fibre
Supply CO., Inc.—
(initial)
Monarch
6-28
7-15
10- I
—
and
common
Kroehler Mfg. Co., 4%ft preferred
preferred (quar.)
Ltd.
6-28
6-28
2c
•J.;4%ft
(John)
6-29
7-15
25c
-——****——-
Labatt
7-15
7-15
$1.33
(quar;)**^^***-*-^*!.
Extra
I! Extra
8-1
$X:50
$1.50
*
Manufacturing, class. A (quar.)
5ft
preferred (quar.)—*
Mississippi Power & Light—
$6
1st preferred
(quar.)*——**—
5
—
Kokomo Water Works, 6ft preferred (quar.f
Kxesge Department Stores (liquidating) %rds
upon
$2.75
7-15
7- 8
$250
—
(quar.)
Steel Products, Ltd.,
preferred (quar.)
7ft
7-15
:
& Electric—
preferred
6-28
10c
(quar.)
15C
7-30
7-15
Ontario
$25c
Miller
6-29
>
'
?u$1.37%'([preferred
(S. H.)
7-15
46c
.
in. cash
7-
$1.50
Knapp-Monarch, $2.50 preferred—
$2.70 preferred
Kuickbocker Fund, beneficial interest
(irreg.)
Knudsen Creamery. 60c preferred
(quar.)—
Kobacker Stores, Inc., common (increased)*
-
7-20
New
Mill
7-10
$1.14
—
Stock Fund S4 (s-a)—*
of
<7-27
31V4C
—*r—
share
(quar.)—.
$1.25
6-29
7-12
7-30
$$1.75
(quar.)
preferred
4%ft
Midwest Rubber Reclaiming—
6-29
30c
common
New common
7-18
7-15
40c
;
(D.
Kress
|8- 1
;
a
1
pfd.
preferred (series 1940)
preferred (quar.)
Midwest Piping &
Stock dividend
6-18,
20c
Emil) Co. (quar.)
Quarterly
.—**———t
-
7-
7-15
eft
6%
7-12
7-15
$1
Special
of
8- 1
*
(increased)*——
it$1.25 conv. preferred (quar.)____!
Kentucky Utilities Co., 6% pfd. (quar.)—Keystone Low-Priced Bond Fund B3 (s-a)—
Klein
7-18
7-11
$17c
City Southern Ry.—
|Low-Priced
i-'-'
1
$1.50
non-cum.
Special
1
8-
9-21?
300
'5-
'
&
Kennedy's, Inc.,
.
8-
$1.06%
87Vic
7ft
Co.,
(quar.)
7-10
10-1
(initial)-*
Oklahoma Natural Gas, common (quar.)—
1
t
7-15
20c
*
7-
8-31
6-29
1
40c
—,—*
*
7-2
50c
7-15
8-
9-21V
7-15
50c
Mercury Mills
Messenger Corporation (extra)
Michigan Public Service-
8- 1
$1
preferred
Kaufmann Department Stores
iy
8-25
'
Mercantile Stores
6-29,
10- 1
-4%
6-28
$1
7-15
15c
—
4%
(quar.)**:
6-29
7-20
8- 1
$1.37%
Corp. of California—
(quar.)
(quar.)
(quar.)
(quar.)
7-20
7-15
25c
Shoe Corp., common
preferred (quar.)
4ft
$1.75
$1.50
$3
$1.50
A
7-15
62 %c
300 ft
6-29
$1.25 :
Oliver Corp., 4J/2ft conv. preferred (quar.)
$1.12%
Oliver United Filters, $2 class A
(quar.)**
50c.
Class B **_*:—
.—-J—*_**—*••'■■
'25c
7-20*
7-151.
37%C
40c
7-15
30c
quar.)
Melville
15c
johns-Manville,
Kansas
7-15
7-31
$55%c
(quar.)
$5.50 preferred B
8-10
*
Kalamazoo Stove
7-31
40c ;■
$1
preferred
62%c
Co..
*
6-20
50 c
*'.-
50c
Oklahoma Gas
6-20
7-15
A
7-15 '
'
Co,————
Panama
(increased
Corp.,
9- 3
*
5% preferred (quar.)**
iJantzen Knitting Mills, common*—*
ftti$5 preferred (quar.)
Jersey Central Power & Light—
(V 4%
preferred (initial quar.)
'
7-15
I
9-14
■
$1.25
(quar.)
Engineering
&
6-29
/
7-15
10-1
>
preferred
Ogilvle Flour Mills, Ltd., common
7ft
preferred (quar.)*—•
5
$20c
(quar.)
30c
Corp
1
Robbins, Inc.
30c
—
Shoe
(F. L.)
8-
Mercantile Acceptance
(quar.)
(John)
8-15
10c
preferred
Mead
Manufacturing Co.—
(quar.)
Common
Jacobs
,.
1
McLellan Stores Co.—
1
8-
v*.
$70c
$5
Northwest
.
8- 8
$25c
McKesson &
6-30
54 l/16c
preferred.
7-
3
9-
$$1.50
Extra
6-28
10c
1st preferred
7-15
43%C
—
$2
25c
Extra
—
'
Nu-Enamel Corp. (quar.)-*——————
Nunn-Bush Shoe Co., common—
— •
5ft preferred (quar.)
—
Nutrlne Candy Co',, new common (initial) —
1
433Ac
"
$6.50
7-
26c
(quar.)
Mclntyre Porcupine Mines, Ltd.
McKales, Incorporated (s-a)
6-15
13c
(irreg.)
6-29'
7-15
$17%c
preferred
$4
Investment .Management Fund
Investors Mutual, Inc. (irreg.)*
Iowa
6ft
9- 3
9-16
7-15
6-29
*
7- 3
pfd. (quar.)*
(quar.)
50c
preferred
preferred
7-13
Northwestern States Portland Cement (quar.)
i
1
7-
McClatchy Newspapers, 7ft pfd. (quar.)
7% preferred (quar.)
McColl-Frontenac Oil Co., Ltd.—
7- 3
—
7-
7-15
Common
(quar.)
n
7-15
7-15
Magnesium Products Corp.
McCabe Grain Co., Class A (initial quar.)—
McCall Corporation
(quar.)
6-28
8- 1
(quar.)
-,7f
;;v/
37 %C
of Canada—
(quar.)
($5
7-15
$1.75
4ft
International Nickel Co.
-7ft
$250
$37 %c
(quar.)*.
International
International
,..'"1; ff :
13%c
25c
5ft partic. preferred (quar.)
.*_.•!•*:
Massawippi Valley RR. Co. (s-a)
May McEwen Kaiser Co. (stock dividend)
Maytag Co., $3 Pfd. (clears all arrears)
$6 1st preferred (quar.)—*-———_***—
6-30
7-19
7-19
8- 1
•
Massachusetts Utilities Associates—
r
quar.)
(quar.)*
1
6-28*
-
9c
Massachusetts
8- 1
$1.12%
—-
t-'
.PTv-'-llr
5c
Extra
7ft
~
25c
(quar,) ******—*
——
Power (Del.) —
(accum.)*
(accum,)——
———
Power (Minn.) —
6ft
Northern States
6 28*
7-15
AAl/.'
qj J.. U 0 74
(quar.)*
6-28*
4
7-15
$1.50
*1
preferred
Northern States
7-15
12V2C
6-27
40c
Interchemical
Common
Fund
7ft preferred (quar.)
Marshall Field & Co. (quar.)
7- 6
33ic
shares:—
Group
Bond
5ft
'
6-15
8- 1
35c
common—**—*
(quan)--——*——*—**—
Maritime Tel. & Tel. Co., Ltd., com.
Institutional Securities, Ltd.—
'Insurance
preferred
7-15
■
7-15
$1.06%
__
12-20
Illinois Power Co.—
Incorporated : Investors
U2%0
6-29
7-20
7-10
7- 1
•5c
Northern Illinois Corp,, common (quar.)——'
$1.50 conv. preferred (quar.)
—**
Northern Indiana Public Service—
6-29
-
8-14
7-lT
$1.75
—
7-15
Marine
9-20
$1.25
—.*
"
7-15
Maple Leaf Gardens, Ltd., 7ft non-cum. pfd.
Marchant Calculating Machine Co. (quar.)
-
■
■
1
6-29
-
(quar.)
Manhattan Shirt Co.
$1.50
7-25
$1.25
31%o
p Extra
•
Indiana Associated
preferred
Manhattan
8-
7-
.37%c
Macy (R. H.), 4%ft preferred (quar.)—**
Mading's Drug Stores, 55c pfd. (initial quar.)
Mahon (R. C.), $2-Class A pfd. (quar.)
7-15
1
9- 9
$50c
6-27
7-17
7-15
*
MacAndrews & Forbes Co.,
6-29*
Houston Light & Power, $4 pfd. (quar.)
Hudson Bay Mining & Smelting Co., Ltd.—
<>.
7-15
8-11
Luzerne County Gas & Elec.—
7-26
7-15
7-15
$2
vAJriifei; 3%%' preferred- (quar,)
HuttigSash & Door Co.—
5ft
preferred (quar.)
5% preferred (quar.)
20c
preferred ($100 par), (quar.),
preferred ($25 par) Iquar. )******
Lowney (W. M.) Co., Ltd, (quar.)—**—*
7-3
\
40c
(increased)*
com.
Second Fund (quar.)
Lord «fc Taylor, 8ft 2nd preferred (quar.)—
5ft
8-2
933/4C
(quar.)
Inc.
6-27
'
(quar.)
Household Finance Corp.,
7-15
5ft
8-14
(increased)-
com.
-
\5% " preferred
Hotel Barbizon,
50c
7-12
$1.25
;
(accum.)
com.
Iquar.)
preferred-
8-20
——
6-15
J$3.50
(quar.)**
& Co., Ltd., 7ft pfd.
Electrochemical
3
Los Angeles Investment (quar.)
LoUisvllle Gas & Electric (Ky.) common*
11-21
12- 1
9-
._.„*
40C
/
,
8-1
9-1
25c
Loomis-Sayles Mutual Fund, Inc. (quar.)—*
& Co.—
Holt: Renfrew
Hooker
Extra. -i-***^i:.
otX*i
$2.50
9-10
$1-8-9
(quar.).*
(quar.)*-*-***—--;
North American Acceptance, Class A (quar.) ■
North Penn Gas. 7% prior pfdr (quar.)——
Northern Central Ry. (s-a)
Quarterly '**********...■**********«.******—
common
Stock
Holt (Henry)
$1 class A
Share
s
Bolaert
When
PavUDle
Per
Company
Hines
2nd
Richfield
preferred
Oil
Rike-Kumler
—
Corp.
Co.
(irreg.),****—.*«****.• *__
$1.31%
33% ft
1
7-10
8-15
8- 1
8-
7-15-
8-
1
50c
8-
1
$1.75
10-
9-15
10-
9-15
$1
$1.75
40c
15c
$1
7-15
7-24
7-8
8- 1.
7-20
7-15
6-28
[Volume 164
P,,'
(THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4507.
.'-V-
V
,v"
*■,
■
■
'''\^
Name of Company
Riverside Cement
Short
Co., $5 preferred
'Rochester;'"Button
•
(quar.)
Per
of Bee.
8-
7-15
—-750, * £ 7-15'
(quar.)
13c k 8-1
Rolls-Royce, Ltd.—
*
v ,
8- 1
'.American-deposit receipts (final).-«.~.~.
20% :
Roos Brothers, Inc. (quar.)—.—
9-20
50c
Roogevelt: Hotel, common..^.....^:....-^
7-15
50c
6%
preferredRoyal Typewriter Co., common—
7%
preferred (quar.)—_
Russell Berg Fund, Inc. (irreg.)-,
preferred (accum.)
(quar.)—.
S & W Fine Foods, Inc. (quar.)
Extra
;
.
4%
class
A
preferred
conv.
h'/- 7-/5
37V2C
25c
7-15
5
7v
7-31
7- 5
7-10
1
7-
$25c
7-15
6
8- 1
6-29
•
preferred (accum.)
' $$2.25
St. Louis Car Co., 7%preferred..!-—$1.75
Ban Diego Gas & Electric, common (quar.)20c
"5% preferred (quar.)
25c
7-15
—
6-21
U.
S.
6-29
U. S.
6-29
6-28
$1
50c
7-15
8-10
7-20
U,
S.
25c
7-18
7-
U.
S.
85c
25c
25c
8-
1
7-19*
8-
1
7-
quar.)..
Bcruggs-Vandervoort-Barney,
Extra
Leather
Shell
Union
Oil
Power
&
Corp
Sheep Creek Gold Mines, Ltd. (quar.)
Bherwln-Williams Co. of
(quar.).
Mines, Ltd. (s-a)
Bimon (Franklin)
& Co.,
pfd.
7%
(final).
Bimon (H.) & Sons, Ltd., common (quar.)_.
5%
preferred (quar.)
Simplicity Pattern, 51/2% conv. pfd. (quar.).
Sinclair
Oil Corp.
(quar.)
Skelly Oil Co
Blater (N.) Co., Ltd. (quar.)
Smith (A. O.) Corp. (irreg.)
Bmith
7-15
6-29
Extra
Universal Pictures
Universal Winding
8- 1
7-10
7-27
6-28
7-15
6-29
5%
8-15
7-15
7-31
7- 2
1
7-10
1
7-5
7-20
6-29
6-29
Snowbird
10c
7-15
6-29
(s-a)
6-29
preferred A
conv.
Southeastern Greyhound
Increased quarterly
pfd. (quar.)—
.
7-15
preferred
(quar.)—
.
8-15
8-15
8-15
7-20
7-15
6-20
7-15
6-20
7-15
6-30
(initial
Class
B
Company
(stock
7-25
7-17
Wellington
Mills,
7-15
6-27
West
Electric
7-15
1
9-16
7-23'*
75c
$$1.1016
8-30,
7-16
8-31
7-15
6-28
8-
1
7-15
11-
1
10-15
9-11
60c
9-1
8-
1
7-15
8-
1
7-
pfd.
9-10
912-
1
50c
8-
13c
1
7-10
7-
5
8-
5
Treasury,
9-
5
U. S.
13 y4 c
7-15
7-
8-15
8-
5
1
7-15
6-29
8-
1
7-
8
9-15
9-
5
Reserve with Federal Reserve Banks.
9-10
8-
1
7-
8
7-25
7-
6
Wichita River Oil Corp.,
Common
7-15
7-
1
9
7-20
7-19
....
8-26
8-
6
7-15
7-
1
8-
1
7-16
62 V2C
8-
1
7-16
$1
50c
7-15
7-
1
8-
7-20
25c
7-15
1
9-
1
8-
1
Sunshine
8-
1
1
8-
7-
37'/2c
<h?c.
$$1.75
1
7-18
7- 2
Yates
7r15
7- 5
Yellow Cab Co.
New common
8-29
-7-16
10c
25c
$5c
8- 9*
7- 3
10-
1
8-26
8-
1
7-10
.8* 1
7-10
$1.50
$1.75
30c
.7-15
5%
Ordinary (interim)
Wyandotte Worsted Co.,
7-
?
8-15
7-
1
7-31
60c
8-15
7-31
$2.50
12- 2
11-25
50o
7-25
7-10-
Thrift Stores
(irreg.)
—7:20c
Manufacturing Co.
(quar.)—
$1.50
Traders Building Association, Ltd. (quar.)$$1
7-15
6-30
Towle
7-15
7- 6
7-15
———25c
7-31
7-31
8-15
8-10
11-15
11-9
&
6-20
8-15
8-
11-15
11-
York
2-
''['I
(New
Jamaica
(In
thousands
of
617
:
19,439
dollars!
8-
1
1
July 10,
2-
1
1946
9-14
10-
Inc. ( + ) or Dec. (—) Since
July 3,
July 11,
1946
■
1945sJ
Assets-
8-15
1
9-14
Gold certificates
9-10
8-27
Redemption
17,341,207
8-
1
8-
1
7-20
8-
1
7-20
Discounts
and
+
7,648
+
68,554
291,863
63,510
+
218,984
7 2,044
:y "si. f
loans
7-15
1
Total gold
18,111,514
ctf. reserves
advances
25c
7-15
6-30
Industrial
10-15
9-30
Acceptances purchased
$2
—
7-45
7-10
U. S.
Govt,
1,210
28
5,573
7-15
7-
7-31
7-15
Certificates
$1.12%
7-15
7- 1
Bonds
7-15
Total U. S. Govt, securities
23,292,569
Total loans and securities..
23,714,925
$$1.75
8-
1
Bills
14,452,697
Co
8-22
7-31
7-
7-16
Due
7-31
7-16
F. R. notes of other banks—
Uncollected items
Bank premises
—
15C
12j/2C
10-
1
5
9-
7-25 W
6
7-10
from
foreign
30c
1-1-47
6-20
$25c
8-
1
8-
1
1
7-15
+
12,000
+ 1,537,971
—1,089,350
——
+390,804
118,231
+
449,915
+
2,039,720
32,920
48,625
44,336,756
Federal Reserve notes
Deposits:
75C
9-
75c
r„
9-15
12-15
12-
357,352
+1,849,123
4~707
+ 2,094,346
—27
+
1
—
+
25,162
+
—184,964
218,237
1,137
—
eijusr-r
1,550
+278,855
8,615
+2,454,905
Liabilities-
Institution-
r——,
Total assets
7-15
8-
28,283
+ 1,757,854
7-15
$31 Vic
$37j/2C
......
58,386
i+
378,804
12-20
7-15
—
83
banks
Other assets
.
+
7,589,982
595,600
755,290
;
10c
(initial)
+
28,283
$1.75
:
81,094
securities:
$1.50
1
22,708
R.
Other cash
7-
1
—
■V 7-10
50c
for F.
1
270,738
fur.d
50c
i
-,
233
H9
Reserve Banks Combined
1
15c
-
+
+
—
District).
11-
40c
...
xLess
York
8-15
25c
common
Quarterly
Quarterly
2
'
$1.25 2-15-47
Machine
preferred
405
107
,
11-15
(San Francisco)—
preferred (quar.)
Cooperative Mercantile
+
+
233
Statement of Condition of the 12 Federal
1
15%
5%
+ 1,545
—8^68
accoi
figures revised
25c
6%
Zlon's
24
+
Gov't
$1.25
.
(initial)
(quar.)
(quar.).
"4 3.366
281
.h •
—1,005
1,266
$1.25
Corporation
Zeller's Ltd.,
8.
15C
American
260
:?yf
1
75c 2-15-47
pfd
(accum.)
Manufacturing
—
6-14
75c
prior
com.
'wr
h
9,430
.
933/4C
new
'+
55,
68
770,307
(quar.)
Corp.—
common
379
+
7,711
-
deposit
U.
281
■
.
6-14
75c
——
Towne
and
+
+
j
-10,087
i
7-17
^
-
demand
19
133
39,241
..
26
'
,
^
/;
—
5
24,281,728
—
39,897
+
1,130,346
15,889,284
+
73,816
+
1,318,876
664,304
+
157,251
514,068
601,885
+
8,782
+135,852
>
Member bank—reserve acct.
U. S. Treasurer—gen. acct..
5
7-12
25c
25c
$0,472
7-17
7-15,
8
p..
7-12
15o
Yale
7-8
Transamerica Corp.
Extra
to
.
-
Foreign banks
Wisconsin Gas & Electric—
7- 5
adjusted
Borrowings
7-18
7rl5
0
906
'759
'
Time deposits
U. S. Government deposits
interbank deposits:
Domestic banks—
6-30
8-15
433
—4,544
+1,849
4
+ r.H
2,164
*
,
Demand deposits
•June
1
<
—
525*
545
..
Liabilities-
Interbank
8-
86
'••:+
1,486*
.10,111
during week
7-15
;•
268
+
3,413
.
Balances with domestic banks
7-25
8-15
+
31
26,748
.
Cash in vault
7-25
,Ms:;
.
57
238
—
7-15
8-10
25c
4% %
preferred
(quar.)
Wood (Alexander & James)—
7% 1st preferred (accum.)
Woolworth (F. W.) & Co., Ltd.—
7-20
.
1
8-10
Union Stock Yards, 6% pfd. (s-a)Wichita Water Co., 7% preferred (quar.)
Wisconsin Electric Power, 6% preferred
7-15
5
8-
$1.06 Vi
$1.12V2
$1
5c
7-15
75c
50c
25c
6-15
7-10
preferred
4*
9,905
5,063
.
.■■n.y
+'
+
64'
+
^
1,026
890
—
1
1,920
bonds—..—
Debits
Wichita
convertible
"k.
622
123
—
.
7
,
r
6-29
8-20
Whiting Corp.
$4
154
.
Other securities
13 Vic
$1.75
Products
+
&>. +
5
13 Vic
10-
845
—
35
48
455
.
8-15
7-15
+1,670
201
+
1,511
.V
.
9-15
9-20
+
82
+
1,284
7-15
10-19
3,242
29
7'
^
1,199
.
—.
13 Vic
$1.50
699
—
754
Treasury bills
;
Treasury certificates of indebtedness
Inc.
Chlorine
$
pur¬
—
I3V4C
—
$3.75
preferred
(quar.)
White Sewing Machine, $2
for
Other loans.:
7-15
$1,121/2
Electrical
dealers
—
1
(quar.)
Western Grocers, Ltd., common (quar.)
7% preferred (quar.)
Western Pacific RR. Co., common
(quar.)—
Common
(quar.)
Common
(quar.)
$5 preferred A (quar.)
$5 preferred A (quar.)
$5 preferred A (quar.)
Westinghouse Air Brake
Weston
and
Other securities
Real estate loans
Loans to banks
7-15
13V»c
preferred
(quar.)
Instrument
brokers
Other loans for purchasing or
carrying;
U. S. Government
obligations
7-20
$1.50
preferred
to
5 July 3,
■M 1945
1946
tavestments—total————. 61,049
or carrying;
U. S. Government
obligations
7-31
8-
June 26,
$
Other securities
,
i'-iX.
:
chasing
1
12-10
Loans
1
(quar.)—
4V2%
"
fcoans—total—i.,;,
^ 14,888
Commercial, industrial, and agricultural
loans
7,611
1
7-
$2
Co., 6%
(quar.)
dollars)
July 3
9-15
7-15
7-15
Inc
7-15
25c
$75c
*75c
25c
30c
.;
10-
$1.75
Co—
Westmoreland,
Acid
...
9-20
West Penn Power Co.—
8-
$$1.25
Tampax, Inc.
Technicolor, Inc.
—
i
Teck Hughes Gold Mines (interim)
Texas Power & Light, $6 preferred (quar.) *
7%
preferred (quar.)
Texas Water Co., 6% non-cum. pfd. (quar.)
Thatcher Mfg., com. (stock dividend)
$2.40 conv. preferred (initial quar.)
1
33 %C
Weeden
of
Xncreaat (+) or
Decrease (—) Blnee
Loans and
9-28
12-29
$2
(quar.)
7-14
7%
(quar.)—
1
15c
7-14
$1
Co.- (quar.)
10-
1-1-47
10-
(initial)
7- 8
millions
reporting
1946
$0,472
7- 8
$1.1216
(In
liabilities of
Assets—
dividend)—
7-1J
Penn
A summary of the assets and
member banks follows:
7-10
10c
15c
$2
40c
.-
1
$1
7-15
&
Borrowings increased $93,000,000 in New York City
$107,000,000 at all reporting member banks.
and
1
$1.75
7-15
$0.44623
50c
—
8-
8-
One additional share for each share held—
Warner
Demand deposits adjusted declined
$110,000,000 ih New
York City and $281,000,000 at all
reporting member
United States Government deposits declined.and
deposits credited to domestic banks increased in ; all
districts.
7-15
$1.75
7-15
Co.—
(irreg.)
Corp. of California
7-31
37j/2C
75c
15c
Biscuit
Pictures
of Treasury
banks.
7-12
25C
(quar.)
(quar.)
75c
10c
Electric Securities
1
$1.25
;
Class B
(quar.)
Washington Gas Light Co. (D. C.)—
Common
(quar.)
$4.25 preferred (quar.)
$4.50 preferred (quar.)
$4 2nd preferred (quar.)
Sun Oil Co., 416% preferred A
Thermatomic Carbon Co.—
$5 preferred (s-a)
.
.
Thew Shovel Co.—L—'
Extra
(s-a)
—-———
'
——————
Trinity Universal Insurance (Dallas), (quar.)
Quarterly ——
—.
Trion Co.,
5%
preferred—-—
—
Tuckett Tobacco, Ltd., 7% pfd. (quar.)—
208 South La Salle Street Corp. (quar.)
Tyer Rubber Co., 6% preferred——...
Union Electric Co. of Missouri—
$3.50
preferred (quar.)
$6.70 preferred (quar.)
——
$4.60 preferred (quar.)
—
TJnioh Oil Co. of California (quar.)—
—
;
Bros.
Holdings
$102,000,$268,000,000 at all re¬
porting member banks, and declined $75,000,000 in the
New York District outside of New York
City.
1 5
• •"
7-12
8-
75c
Visking Corporation, clas§ A (monthly)
Class
A
(monthly)
Class
A
(monthly)
Class B (monthly)
Class B (monthly)
Class
B
(monthly)
Vulcan Detinning Co., -common
Warren Brothers Class A
<
Super Mold
Superheater
preferred
$525,000,000.
was
2
1
10c
(increased quar.)
Victor Equipment, $1 conv. preferred
Virginia Electric & Power Co.—
6-28
$3.25
Buburban
9- 3
12-
8-
$1.75
7-15
$1
(quar.)
$1.1216
Sun-Kraft, Inc., common (quar.)
5c
30c preferred (quar.)—716c
'
12-16
$1
Vertientes-Camaguey Sugar
preferred
increase
bills increased
$208,000,000 in New York City,
000 in the
Chicago District, and
1
62 Vic
1
8% preferred (s-a)
Stott Briquet Co., $2 conv. preferred (quar.)
H?<ji Common
Stromberg-Carlson Co.—
616%
preferred (final)
9-16
25c
(quar.)__.
7-15
(Mass.) (irreg.)
Canada, common (quar.)
7% preferred (quar.)
:1 Sterling Brewers, Inc
Stetson, John B, common
7- 1
75c
8-
$1.20
$150
35c
of«
7-15
...
6-29
(initial)—
Co.
7-
total
,
preferred (quar.)
preferred
(quar.)
7%
As a result of the redemption of
maturing Treasury
notes, in part by exchange for a news series of Treasury
Certificates of indebtedness, there were substantial! shifts
in these holdings in all districts.
Holdings of Treasury
notes declined in all districts and the total
decrease
was
$1,486,000,000. Holdings of Treasury certificates ojf
indebtedness increased in all districts except one and the
6-26
7-15
33VaC
Upressit Metal Cap. 8% preferred
(accum.)
Van Sciver (J. B.), 5%
preferred A (quar.)..
5% non-cum. B preferred
(quar.)
Vapor Car Heating Co., Inc.—
7%
purchas¬
ing or carrying United States Government obligations
declined $182,000,000 in New York
City and $201,000,000
at all reporting member
banks; other loans for the same
purpose declined $48,000,000.
Light—
7-15
quar.)
7-15
$2
(initial)
common
&
Warner
State Street Investment
Steel
prior preferred
Westvaco
A
Co.,
8-15
Stanley Brock, Ltd,—
Class
7- 1
6-24
50C
7-19
93%o
&
8-1
(quar.)
,1216 c
Standard Fuel Co... 616% preferred
Standard Oil Co. of Ohio—
7-10
$1.75
Co.
6-20
9- 2
11-30*
7-20
$1
8-15
6-30
12-20
7-15
(quar.)
7-15
7-15
!
7-15*
8-31*
17'/2C
7%
preferred (quar.)
Wabash-Harrison Corp. (s-a)
Walker & Co., Class B
Ware Shoals Mfg., 5%
preferred
—
3%% preferred A (quar.)
Standard Steel Spring—
■
4%
preferred
(initial)
4%
preferred (quar.)
Standard
Wholesale
Phosphate
( Works (quar.)
9- 1
9- 1
Co.
26.5c
$20c
$$1.50
Standard Brands, Inc., $4.50 pfd. (quar.)—
Standard Chemical Co., Ltd.—
5% pref. (quar.)
Standard Fire Insurance (N. J.)
(quar.)_—
V
7- 1
8-15
50c
Southern Indiana Gas & Electric Co.—
4.8% preferred (quar.)
Southern New England Telephone
Southwestern Life Insurance
(quar.)
Bperry Corporation (reduced)
Bpicer Manufacturing Corp
Spotless Co., 6% preferred (irreg.)
Spring Valley Co. (liquidating)
Springfield Gas Light (quar.)
Squibb (E. R.) '& Sons—
v
7-15
$1.80
—
$4
1
37!6o
34%c
3716c
3716c
3716c
Extra
'
8-
Lines—
Southern California Edison,Ltd., com. (quar.)
516% preferred C (quar.)
5% original preferred (quar.)
Southern California Gas, pfd. A (quar.)—
6% preferred (quar.)
Southern California Water, 4J/4 % pfd. (quar.)
Southern Canada Power, common (quar.)—
6% partic. preferred (quar.)
Southern Colorado Power Co——
i
8-15
13%c
$1.1216
$19c
(quar.)
8-1
9-20
5C ;
(accum.)-
(quar.)
(quar.)
6%
Bolar Manufacturing Corp.—
6
Knitting Co.—
7%
7-15
Bouth Pittsburgh Water, 416%
Boutham Co., Ltd. (quar.)
preferred
Utica
7-30
pfd.
preferred
$3
5
8-
7-15*
1
20c
preferred
8-
$2
1st
7%
Tobacco
Upper Michigan Power
9- 3
8-
9-
8-
25c
/
;
Leaf
$3
8-~5
9-30
1
25c
7-
3
6-29
7-15
25c
-
(quar.)
Quarterly
Quarterly
7-15
9-
6-29
7-16
8-
Laboratories, Inc.—
Universal
25c
29c
Foods
preferred
7-19
(Howard)
Frosted
convertible
7-18
Paper Mills, Ltd.—
Common (quar.)
$2 preferred (initial)
Bmith (J.) Hungerford (quar.)
55c
70c
1
9-12
7-9
7-15
1
7-16
87 Vac
United
8-26
$15c
t30c
$75.48
$30c
$$1.25
13%c
' 25c
$1
$30c
25c
......
;
(quar.)
Stockyards Corp.—
Universal
5
7-23
8-
250
preferred
6-29
Canada—
Common
Bigma
i
S.
7%
United
7-15
3
7-10
40c
8-10
7-
7-17
25c
«...
8-20
7-15
8-15
5-28
$1,75
Plywood Corp., common (quar.)
Realty-Sheraton Corp. (initial)——
Smelting Refining & Mining—
/
Stores, $6 conv. preferred
United Wall Paper, Inc.—
4%
preferred (initial)
8-
3
40c
6-29
$1
7-15
7-19
50c
,
;•
6-30
$25c
50c
tlVac
(quar.)
8-15
!
$6
_
7-15
50c
Co
Water
1
9-
7-15
3
8-
15%
(final)
(quar.)
62V2c
(quar.)..
9-
50c
7-20
(Omaha)—
53c
58Vbc
50c
25c
(increased)
dividend
Bhawlnigan
U.
8-1
3
Commercial; industrial, and agricultural loans irtw
creased $36,000,000 in New York
City, $20,000,000 in the
Cleveland District, and
$82,000,000 at all reporting mem*,
ber banks.
Loans to brokers and dealers for
.
25%
Co.
Begal Lock & Hardware, $2.50 pfd.
Selby Shoe Co.
(irreg.)
Seton
(s-a)
8
6-29
7-15
7-15
8-15
58 Vac
75c
Finance
Securities Acceptance Corp.
Stock
common
—
Beaboard
v
...
7-15
8-1
9-
Pipe & Foundry—
Map Co. (quar.)
Bchenley Distillers Corp. (quar.).—
Scott Paper Co.. $3.40 pfd. (initial
Electric Co. (initial)
2
53c
.
Quarterly
Quarterly
Banborn
8
7-
50c
—
Extra
7-15
7-15
25c
(monthly).
Co., Ltd.—
Industrial Chemicals
>
J
Conditioner, $7 preferred (quar.)Fidelity & Guaranty (Bait.) (quar.)
Bchwitzer-Cummins Co.
Bcranton
7-17
U. S. Fire Insurance Co.
(quar.)
U. S. Guarantee Co. of N. Y
8-1
,,
K*
$1
Extra
6-29
8-1
$$1.75
7-15
9-1
8-1
50o
U. S. Air
'
^j40c
7-; 2
...
regis,
preferred
United Shirt
Distributors, Inc
6-21
«
8* 1
50c
Amer. dep. receipts for crd.
United Paperboard, 6%
U. S.
—
6%
7%
preferred
United Molasses
7-16
7-15
7-15
i
1
15o
■—
6.36% prior preferred (monthly)
7% preferred (monthly)
8
:$ 1
accum.)
8-
(quar.)
prior preferred (monthly).
6.36% prior preferred (monthly)
7-16
8-
40c
7-29
6%
7-10
7-25
7-31
6-29
1
10c
common
(initial)
United Grain Growers, Class A pfd. (interim)
United Light & Railways (Del.), com.
(quar.)
6% prior preferred (monthly)
'
75c
$1.31 Va
Bt. Lawrence Flour Mills Co., Ltd.—
Common (quar.)
—w——
7% preferred (quar.),.--Bt. Lawrence Paper Mills Co., Ltd.—
,
7-15
Class A
7-15
8-
„
7-
—
v
I
7-10
-
.
7-
7-20
—
Baginaw & Manistee Lumber Co. (irreg )—
Saguenay Power, Ltd., 5V4% pfd. (quar.)—
Bt. Croix Paper Co. (quar.)...—
Bt. Lawrence Corp., Ltd.—
60c
3
87j/2C
New
States Government deposits, and an
increase of $405,000,000 in deposits credited to domestic banks.
,
8-16
United Fruit Co.—
1
7-15
—
Russ Building Co., 6%
Russeks Fifth Avenue
7-
;
of Bee.
9-
$250
—!
—...
6-11
25c
35c
—
Payable
25c
Cigar-Whelan Stores—
$3.50 conv. preferred (quar.)
United Drill & Tool Class B
(quar.)
9-10
7-15
$3
15c
$1.75
non-cum.
Holdert
United
5
J'7-12
^
! K-
When
Share
United Biscuit Co. of America
United Bond & Share, Ltd. (s-a)
7-
'*• 'Extra.—
Rockland Light & Power Co.
Nam of Company
7-5
1
7-15
25c
•-
Holders
Payable
$1.25
-
.321
>+■
When
Per
United Artist Theatre
Circuit—
$$1.75
6216c
$1.50
7-19
7-15
6-28
10-1
9-20
,
8-15
.
"
&
not
closed for
this
.:.
^
-
f
7-31
7-31
25o
8-9
7-10
30c
8- 1
7-16
Other
"
—
-
...
dividend.
tPayable in U. S. funds, less 15% Canadian non-residents'
tax.
$Payable in Canadian funds, tax deductible at the
source.
Non¬
tax
15%;
resident
tax.
7%.
a
Less
British
income
tax.
Condition Statement of Member Banks
The condition statement of
of the
Federal
weekly reporting member
Reserve
System in 101
leading
following principal changes for the week
ended
Decreases of $689,000,000 in holdings of
United
July 3:
States
Government
obligations, $281,000,000 in
demand deposits adjusted, and $1,005,000,000 in United
Total deposits
Deferred availability items
Other liabs., incl. accrd. divs—.
17,669,541
1,735,966
10,506
+
Total liabilities..——.—
resident
7-31
8-15
8-15
$1.1216
books
Foreign
income tax..-,
cities shows the
—
8716c
9216c
•Transfer
banks
8-15
30%
43,697,741
375,701
59,788
+
897,017
322,037
1,135
,+
1,979
+2,351,379
v,
,
^
+
228,280
1+
358,355
—
79,176
729,317
+
+277,151
.Capital Accounts^—
Capital paid in
Surplus (Section 7
Burplus (Section 13b)....—.
Other capital, accounts.!...—
+
—
Total liabilities & cap. accts..
Ratio
183,470
j+.
252
+
69,762
44,336,756
12,985
+
27,428
130,202
;+•.
+
+ 278,855
.
•
263
—
1,452
39,924
,;+ 2,454,905
of
gold certificate re¬
deposit and F. R.
note liabilities combined—
Commitments to make indus¬
serves
to
trial irana
——...
43.2%
.3%
5,370
37
2.0%
:+:.
25$
.
THE COMMERCIAL & FINANCIAL CHRONICLE
322
Corporation and
company on June -27 filed a letter of notification With the
SEC for 54,600 shares of 50 cents par common stock.
Offering price,
$1
a
share.
Underwriter, The Federal Corp;, New York,'
Proceeds
will be used for working capital.—V. 163, p. 2732.
The
Investment News
" Y
^
,
';
Y
•
v
;
^
i.
•;
■»
j
.
y' '
s»
'
•
Pittsburgh—Acquisition—
announced: that this company has acquired
Marlier, President,
the controlling
Hornblower
at
$43%
With..SEC—
Jutte 24! filed'.'®."letter of notification -with the SEC
7% cumulative preferred ($100 par) and 2,000
shares of common* ($5 par).
Ofiering price, $550 a unit consisting of
5 shares of preferred and 10 shares of common.
Proceeds will be used
for purchase of equipment and land for real estate development, hous¬
ing projects and operation of real estate brokerage office.* Issue, is not?
The company on
•
underwritten-
Mich.—Registers
Co. of Ann Arbor,
With SEC—
has
general funds.
/'v.:''
Y' Y
* -
■
Corp.—Output—
-served by this worpo*
Public Utility Engineering & Service
Y Electric output of the operating companies
ration for the week ended July 6. 1946, totaled 166,285,000 kwh., as
compared with 170,759,000 kwh. for. the corresponding week last year,
decrease
a
2.6%.-^-V.
of
164,
resigned.
ing
.•
.
charge of engineer¬
department of the RCA Victor Division, succeeding
Watts joined the RCA Victor Division last February
General Sales Manager.—V. 163, p. 2998.
products
J Mr. Brunet.
as
Mr.
Rand's, Pittsburgh-^-Stock Split-Up Approved—
The stockholders
stock
common
on
at, a
meeting approved a splitr-up of the
On March 31 the company had
special
two-for-one basis.
a
As of the end of the fiscal
outstanding 70,000 shares of
154,700 shares of common outstanding.
year ended March 31, 1946, all of the
preferred stock were retired,
tY Partial Redemption—
<
The- corporation
\
July- 2 - announced
on.
that it is *calling1 ott
-
xi --^
'i *.
-
;
..v,
,
Raytheon Mfg. Co.—New Contract—
radiophone communication1 on the'ground*
long used by
police and fire departments throughout the nation now, for the first
time, is combining its speed with that of air transportation.
The" Willet Co. of
Chicago, contractors to United Air Lines, Inc.,
Two-way
•
for
the pick-up and delivery of air freight, has installed Raytheon
radiophone ln six of Its trucks,* lone of which Is assigned to United.
V 'The. Raytheon*
miniature
.
ated
.156
mobile
broadcasting
radiophones
and
stations—thus
receiving
far
have
radio sets, thus insuring maximum reliab.lity.
The radiophone, trans¬
mitter, located at the Willet headquarters, operates on 250 watts.
'
Howard
similar
Willet, Jr.,
United
Vice-President
will
installations
future.
officials
be
made
of
the
additional
on
said
trucking company,
trucks
in
the
near
radiophone system for air freight
pickup will be extended to other cities along the company's coast-tocoast
system.—V. 163, p. 2586.. 1
.•
expect the
*
Recordograph
Corp.,
163,
company
on
Del.—Files
Wilmington,
July 3 filed
of
shares
Kraft.;: The market
share
to
capital
a
stock
With
letter of notification with the SEC
. ($1
par), all owned by Katherine
this stock recently
on
and
$3.12V2
registrant
Is
now
about
ranged from "about $1.25 a
to $2.37% a share," the
$2.25
stated.
&
Moore
dencing
tional
one
has
company
a
right
for
to sell
to purchase
of
shares
cent
agreed
stock,
each
to
at $1.50
the
underwriters
share
total
warrants
a
for
time,
■
to
certain
the
Counties
only
county
of
in
Pennsylvania.
However, at
the
which the company is selling its
and
a
the
number
of
capital
stock
700,000
of which 207,500; shares have been, issued.
shares
(50
acquisition of a parcel of land occupying approxi¬
mately 40,000 square feet; the erection of a modern bottling plant of
20,000
leet,
and
new
machinery which will'
enable the company to double the capacity of the
present plant; to
acquire additional cases and bottles; to expand the operations and
other corporate purposes.
i.t{
: t *
)
square
*'
Red Top
and
..
will
get under way early
shares
new
to
Steel
35,000 shares
and
{iSK \
j-
Y
-
.
■"
-
•
•
'•>
Brewing Co.—Pays Initial Dividend—
initial dividend Of 12% :■ cejh&perehatr
w'sfc-paid
ClasSi
A and class B stocks on July 12 to holders of record
July 1 —V
163
*
York—Registers With SEC
The
company on June 28 filed a registration with the SEC for
398,819 shares • of common stock
(par 50c). "' Underwriters, Lehman
Brothers and Commercial Investment Trust Inc. for
383,819 shares, the
balance (15,000 shares) are to be offered by
company to certain offi¬
cers and employees;
Of the' stock to be offered by the underwriters,
55,000 shares are to be purchased from the company and
328,819
shares are to be purchased from certain stockholders.-
Registrar Appointed—
The Chase National
Btopk,
50
cents par
has been appointed registrar of common
vafue.—V, 163, p. 3291,
Bank
^^-+4
-
:
,
•'
>■»;•* y
.
1946—5 Mos.-i-1945
$6,692,498 $18,240,482 $31,954,543 ^
3,007,268
13,821,044
14,441,9291
vxalorpm
iifcomb
YB8,235
taxesl'
Other
ry.
$398,458
423,804 t
466,806 : 10,194,133
' *598,870?-« ^ 591,697^
-
$1,324,882
30,110
$2,939,841
$6,292,980
30,093
159,318
157,486
$1,354,992
$3,099,159 4$6,450,466
,
incomes
oper.
413,920 *:
,
-
..
$428,552
income
5,7;''V./..
oper.
Total ry. oper. income
Deductions
from
rail¬
way
,83;839
2,154,184
122,321
"
-
■'/ 'YV t ty.
•
Railway oper, income
;
;
126,025
,
i
■
:
Cr37,0I8 ;
taxes ^
'
$4,419,438 $17,512,614
.'r'frrf.
j,'v r
t&xes->
Federal
$3,685,230
$575,700
.
•
182,907
352,286
893,340
$1,002,706
43,177
$2,205,819
> 174,191
$1,045,883
$2,980,011
-
1,646,650
Net
ryi oper. income
Non-operating
ihcorae_
Co,:*; Estimated
net
income
Gross
from
Net
--
L-J
32,380
-
-$278,025
'
inc.
-
253.146
_
*
1
,
$792,815
-
„
$4,803,8084
197,584^
1,257,801
$5,001,392
1,263,228
$1,122,210
253,068
$24,879
gross
income
-$245,645
iVi
>
»
$3,738,166
.164, ,p. 14.
■i St. Regis Paper Co.—New Directorr—
;£
:
...
R. K. Ferguson, President, has announced the election-of J.
Hi'Allen,
the Florida Pulp & Paper Co., Pensacoia, Fla., as a memJ
ber of the St. Regis board of directors.
President of
10 filed a registration statement with the SEC
'Mr.
Underwriter; Kidder;
direct
preferred stock.
Proceeds will be used to finance increased inventories
accounts receivable.
Ripley* Inc.—Elects Secretary—
1"
.
.
,
Judge Nathan Schatz of Hartford, Conn., has been elected a director
and Secretary.
,
•
Allfen
continues'as
President
of
Florida
the
wiBf i.
and
concern
operations of the firm.
Allen
Mr.
also
is
v
.
of
President
Alabama
Y
Pulp
& Paper Co., which:
is
building a 250-ton • kraft paper mill on a site adjacent to the
Florida Pulp & Paper Co. property.- St. Regis obtained an equity in the
Alabama at. the time of the purchase of Florida Pulp Sc Paper Co.—
V. 163, p. 3423.
•
.«•■-Y
.
,
Schatz
Mr.
the
is
Schatz, in Hartford.
senior
partner of the law firm of Schatz &
He is also a director of the following Connecticut
companies: Somersville Manufacturing Co., of Somersville; Edward
Balf Co., and the Bush Woodworking Co., and Westbrook Welding Co.,
of Westbrook; and Patented Appliances, Inc., of Old Saybrook; Essex
Sales Corp., of Essex, Conn.; T. W. Slingsby Co., Saybrook, Conn., and
several other companies.
♦
•
■
•
'
The officers of the Ripley Co., Inc.,
aside from Louis R. Ripley/
President, and Mr. Schatz, who is Secretary, include Frank Rudolph,
Vice-President in
charge of sales, R. G. Curtis, Vice-President in
charge of production, Stephen Furin, Treasurer, and Mary K. Ryan,
Assistant-Secretary.—V. 164, p. 14.
San Antonio lrvalde & Gulf
1945
1944
$255,134
.$229,029
*91,282
46,193
19,655
*147,945
*11,729
*32,367
1,217,585
from
railway
from railway——
ry. oper.' income—
Net
Net
RR.—Earnings^—
1946
$205,291
1,125,102
29,836
1,091,739
30,039
1,010,648'
*262,766
*246,288
31,259 *
May—
Gross
1943
$200,68$;
36,825
*5,637 »
"
.
From
Jan. .1—
from
Ngt
from
.
railway—
railway
59,116
,
Net
ry. oper. income—
*226,362
♦Deficit.—V. 163, p. 3144.
251,721
Savoy. Oil Co.—Reduces Capitalization—Rights Offer¬
*
.
.
Riverside and Dan River Cotton Mills, Inc.—Registers
ed to Stockholders— -
With SEC—
The company on July 2
for 50,000 shares of 4%%
filed a registration statement with the SEC
cumulative preferred stock ($100 par). Un¬
derwriters, Scott and Stringfellow, Richmond, Va. New preierred will
be offered in exchange for shares of the company's outstanding 6%
preferred, on a share for share basis. Such holders also will receive a
$5 cash payment and accrued dividends on the old preferred.
It is ex¬
pected that unsubscribed shares will be sold to underwriters for public
offering.—V. 163, p. 231.
.
^
Rome Cable Corp.—Transfer
The Guaranty Trust Co. of
The, stockholder^
approved
shares
transfer
in
the
shares
.
Scranton Electric Co.—Initial Dividend—
r
directors
the
on
July 8.—V.
have
declared
capital
163,
stock,
2769.
p;
,
an
initial
payable
dividend
Aug.
l
*
of
25
^
*•
.
cents
holders
to
-
per
record
of
•
Scudder, Stevens & Clark Fund, Inc.—Registers With!
;
*
sec—
.
.The
City Bank Farmers Trust Co., New York, N. Y., has been
appointed registrar for the 4% cumulative convertible preierred stock..
authorized
(The stockholders will receive rights to subscribe to 100,000 of. the
shares.
The
annual meeting held on July f
capital stock from 150,000
(25 cents par value).'
the'adjourned
to 300,000
newly authorized shares at not less than $2.50 a share.
The remain¬
ing 50,000 shares "will be optioned to directors at a similar price.
share
as
at
increase
an
($5 par value)
The
Agent, Etc.—
New-York has been appointed
agent for an initial series of preferred stock, designated 4%
cumu¬
lative convertible preferred stock and agent for the issuing, splitting,
grouping and transferring of subscription warrants; evidencing the
rights of the holders of common stock to subscribe for these preferred
—V.
.
r
Gross
-
company on June
for 30,000 shares of
SEC
public,
164, p. 14.
at .market..
'
filed
27
a
registration statement with the
Stock is to he offered to the
capital stock.
Issue
is
not
underwritten.—V.
•
-i
162,
p.
2990..
'
*
*
*
•
i
.
*iv
*
Rutland RR.
from
Gross
ry.
railway
railway
from
Jan.
from
$474,743
$435,870
$368,524
1,334
69,785
68,695
24,429
*31,935
42,119
45,994
5,738
2,038,238
2,033,115
*21,176
*167,165
1,973,385
99,128
riman
173,603
♦19,759
82,802
*24,120
income—
oper.
a registration statement with the,
due 1966.
Underwriters, Har-'
proceeds, together "with other funds,
will be used to redeem $50,000,000 20-year 3,/4% debentures, due 1965,"
at 105%.—V. 162, p. 2024.
Y
company oil
for $50,000,000
SEC
Ripley
June
filed
28
20-year debentures,
Co.,
&
Inc.
Net
1,817,216
1—
railway
railway—
from
Net
Net ry.
The
1943
1944
1945
$375,119
income—
oper.
From
Gross
Seagram (Joseph E.) & Sons, Inc.—Registers With SEC
Earnings—
1946
*196,648
163, p. 3291.
! Sears, Roebuck & Co., Chicago—Registers With SEC—
The
Co.
Ryniker Hat Corp., Elmira, N. Y.—Files With SEC—
The company on June 26 filed a letter of notification with the SEC
for 2,000 shares of class A stock and 500 shaves of 6% preferred stock-
Offering
price, $100 a share for each.
Proceeds
working capital. Issue is not underwritten.
will
be
used
for
Safe Harbor Water Power Co.—Partial Redemption—
have been called for
redemption on Aug, 2, next, out of
There
in the sinking fund, $125,000 of 4J/2% first mortgage sinking
gold bonds, due 1979, at 102% and interest.
Payment will be
moneys
the
at
Y—V.
N.
New
163,
p.
York
Trust
Co., trustee,
Other
savings and profit
sharing pension fund of Sears,
Roebuck
employees on June 28 filed with the SEC 400,000 shares
stock
capital
estimated
and
-
and1
par),
memberships in the fund. Shares are the*
may
be purchased by the fund for its
period and the memberships are the.
be offered to eligible employees during
3291".
'
25,000
maximum
members
(no
wliiclr
during
a 12 months'
estimated maximum which may
the period.—V.
163, p.
1946—Month—1945
revenue
Total
—
581,128
_
Maint.
structures
1946—5 Mos.—1945..
.
■'
$8,037,919 $28,605,683 $37,698,076.
1,812,433
788,974
3,324,835
8,848,946
4,009,855.
6,340,261
Maint.
of
expenses
expenses
Total
oper.
.
8,913,350
3,343,379
17,233,056
550,572
3,056,568
$6,952,625
inc
rwy. oper.
other income
1,778,835
583,290
-
expenses-
Net
1,328,512
1,757,834
3,240,082
equipment
Transpor.
Other
1,371,419
„—
'
Total
*$511,535
105,292
income
from
7,654,303
r
!
6,397,568*
8,619,077
16,135,515
2,734,561'
$7,001,298 $36,857,276 $33,886,721
$1,605,404 *$1,186,944
34,737
299,605
$406,243
$1,640,140
$887,339
3,889
3,877
23,612
inc.
($J p&r) common stock of the company is expected later
$7,737,719
•
171,789
be
publicly offered by a nation-wide group of invest¬
by Floyd D. Cerf Co. of Chicago*,
is traded oh the New York Curb.
ment bankers headed
Thd^eommon stock
E*#?§nge. '
tfrftdheds frbm
'
$7,909,509
19,827
available
for
charges .,..
♦Deficit.* : ;i;:: yp
used to retire the. outstandihg"
for modernization and expansion of the company's."
for producing new .items in the building, hardware,
lock.and building 'equipment fields in which the company is a leading'
plant-facilities,
unit^|hd for possible acquisitions.
:
from
from
Net
ry.
railway
railway
Gross
income^.
oper.
From Jan.
from
$1,636,262.
•
*$910,95i
1946:
^
$6,482,500 $10,163,763
*170,974
$7,889,682
.The: Segal
owned
99%
sixth
>
3,445,976
*570,749
1,519,605
'1044.
1943
$7,874,966*
2,076,067
1,361,259
in. the "safety
railway_i«.
railway:
48,305,299
46,187,592
1,062,153
15,720,566
13,378,450
7,417,146
6,365,888
oper.
income.
a new
on
razor field, it is revealed.
The Norwalk unit latype aluminum window frame and sash which it expects'
early next year,
Norwalk is one of America's
the market
now being developed is a new kind of mechanical'
and play s?t also scheduled for introduction later ih the
early. 1947.
The company, which was heavily engaged in war'
work," now- has a plant capacity at its Brooklyn and Norwalk, Conn.,'
ufdts 'aggregatihg 25% greater than-before the war. '
'
Another.' project
or
tSifrent'assets
$627,651'"
Was.,
as
cash.
of Dec.-'31r 1945, "amounted to $2,019,751, of WhiCN.
Current liabilities" amounted to $643,570.
Com-'
panl'K^jio funded debt, bank or other loans,,
1—
*1,291,446
♦Deficit.—V. 163, p. 3X44.
from
ry.
Safety Razor Corp., the common stock of which is over
by Segal Lock, plans to market within the next ninetype single-edge safety razor blade.
Segal now ranks \
new
a
planning
year
$9,770,794
2,969,384
1,210,202
36,427,254
Net
Net
Y'Y": .-•<*Y'
jbnfr-of' th6 ,tfo phpclpal Wnlta of the Hegal Company, Norwelk Lock.
Cb.;r,'founded int/1836, is believed to be the oldest hardware manufacturer.ln' the country.
.
Y
*edttcatioiial
MayGross
-
financing will be
largest producers of hardware items juisedl in the building industry.
*$410,132
EARNINGS OP COMPANY ONLY
Net
T
*
the
issues,
preferred
to have
fixed
&
the
this ;month. Holders of the company's stocks were given;
rights to subscribe to -the new common at $4 per share
months,
Deduct,
of
new share for each twq shares held.*
Rights"expired July. 2*and the unsubscribed .portion will-
$6,887,050 $10,639,326 $38,270,779 $50;556,878
oper. rev.
of
way
and
public
Hardware Co., Inc.—Offering to the
unsubscribed portion Of 738,950 shares
Lock
Segal
onftft|ibasis of. bne
Ry.—Earnings of System—
$5,197,168
1,103,754
revenue
revenues
New York,
\"-''
St. Louis-San Francisco
Passenger
100 Broadway,
1872.
Period End. May 31—
Balance
Reeves Brothers, Inc., New
ops'*
accruals:
Ad
*
An
M 2586.
tax
Other
this week.—
will be used to replace working capital, purchase
buildings, purchase" new equipment and mach¬
of cumulative
-2,857,197
Net rev: frbm ry.
■
Bethlehem
$3,432,897
expenses
•Ped.
...J.,...
•
70,000
Peabody & Co.
-
PURPOSE—The
approximately
work
'
'
Y'
1946—Month—1945 >
:
revenues
opeV;
j
distributors.
5' CAPITALIZATION—Authorized
cents par)
•
construct
Freight
has recently added three distributors who are now
portion of the territory adjacent to Pittsburgh, and plans
Increase
'
inery, for investment and to augment working capital.—V. 163, p. 3291.
made
company
Serving
•
'
.'Y'Vv'.'
•
1,467,022.|
sr
-4
—V.
fund
Co., New York City.
products is Allegheny.
The
days after
Reconstruction
the
' "
'
4,558,94®
.
1,238,698
Ry.—Earnings—
v.
oper.
Railway
derwriters
of
PRODUCTS, ETC.—This company is bottling and selling Red Rock
Colo, Hep, Cliquot Club Ginger Ale and Cllquot Club Soda under a
present
*>
*
proceeds ($6,500,000)
the
share
of $250.
HI „*',
^Transfer Agent—Corporation Trust
franchise
.-
4,780,837
evi¬
25,000 addi¬
purchase price for such warrants being
purchaseable thereunder, or an aggregate
a
Railway
Railway
to ten
seven
received- from
*
..
7,499,865
9,029,032
,
:
Period End. May 31—
extrusion
Manufacturing Co., San Francisco—Registers
''Deficit.—V.
Co., New York and Hall, Tattersall
& Co., Philadelphia on June 27 offered 199,000 shares of
common stock (par 50 cents) at $1.50 per share.
The
*
9,550,896
5,001,095
1,334,589
t
The company on June 26 f;led a registration statement with the SEC
for 200,000 shares ($1 par) common stock.
Underwriters, Blyth & Co.,
Inc.
Company will sell 130,000 shares to the public througiv tne un¬
Red Rock Bottling Ca. of Pittsburgh—Stock Offered—
Frank C.
is
Intent
7*604,260
.2,629,962
St. Louis Southwestern
v
1944
.r
,r
i94l
$2,045,556
$1,482,473 •
"1,433,460
863,320
277422 :
316,5271
Y.YY-'Y
.1,100,368,
„
,
,
416,232
-157.544
"
'
ry,:-. ©per*
Deduc.
Net
40,000
of
maintenance
Rheem
Net
The
operation within
into
put
May—
,
SEC—
4
for
Louisville
3423.
p.
With SEC—
..
-YY;.■-
;
Reynolds
income-Y
1—Y Y
Jan.
railway—_
railway—^income—
—v,« 163, p. 3144.
-
as
Corporation.
Necessary
V.
oper-
at a ranges of 15 miles.:: They use /a frequency of
megacycles,* out of tuning, range of conventional shortwave
162
the
500 workers are expected to be employed, by the
time operations get under way with an expansion up to around 1,500
Willet trucks^actualiy
the
on
successfully
to
of
Approximately
Aug.
-
1946, $120,00 principal amount of its 6% debentures, due in 1957,
105'/a.'
Peoples First National Bank & Trust Co., Pittsburgh, Pa.,
is successor trustee for the issue.—V. 163, p. 2732.
;
/
'
irom
from
Net
occupy
operations
expected to be
are
1,
at
:
lJ>
f,:'Net
Chief Engineer of the Louisville ex¬
the same position in Phoenix.
"-T
in- Louisville will be handled by Harry D,
Tichy
will
The company on July
Sarnoff,
has
made
par)
Rich's, Inc.—Registers With SEC-
W, W. Watts has been elected Vice-President in
6
Manager
Mr.
operations
Extrusion
for
President, has announced the promotion, effective
July 3, of Meade Brunet, a Vice-President of the RCA Victor Division
at Camden,
N. J., to Managing Director of the RCA InternationalDivision with headquarters in New York, to succeed Edwin N. Clark,
Swho
17
June
on
Bltner, formerly Assistant-Plant Manager who will assume the title
and responsibilities formerly held sby, Mr, Tichy.
,
In regard to the Phoenix operations, Mr. Reynolds said that furnaces
149.
p.
America—Officials Promoted—
Radio Corp. of
David
Co.,
anticipated as volume production is achieved.
cumulative convertible preferred stock ($10 par);
Underwriter, Van Alstyne, Noel & Co.
Of the net proceeds, $250,000
will be used to pay 3%
notes held by National Bank of Detroit, $75,000 to reimburse treasury for sums spent in acquisition of the electrical
division plant of the company, $30,000 for construction of space for
executive offices in the economy baler plant, and the balance will be
•'
under
served
trusion
registration statement with the SEC
The company on July 5 filed a
for 75 000 shares 5 %
deposited with
Plant
Tichy,
Finance
•
&
plant would take charge of the Phoenix (Arte.) extrusion plant leafeed
from the government on a five-year contract.
William F. Hunt, who
the hecesSaty Letter
.
Precision Parts
Forgan
Reynolds Metals Co.—Riant Mgr. of Phoenix Plants
■&. Reynolds, VIce-Fwsidenfc,; oft t' ibiy 10 anhonhced. that
of
shares
1,000
share.
per
Glore,
and
of 14,324 shares of. common stock, (no
Dealer's discount 75c.-*-V. 163, p. 3423.
David
Charles
for
From
i
marine life saving equip¬
*
YY;
-r :■ Y
Washington*D. 0^"— Files
/Potomac Properties* IhcV
offering
;
railway——
Ry.—Earnings—
1945 s ;
$2,029,479
1,055,038'
284,661
Y." 1&46
railway.— $1,548;318
.
Net ry. oper.'
Gross
Weeks
&
secondary
a
from
Pad & Textile Co., Greenfield,
interest in the American
Ohio., which manufactures horse collar pads,
ment, etc.—V. 162, p. 2823.
,
Net
Reliable'Stores
•
Portable Products Corp.,
.:Yjvr;
May—'
props from
'
*
.•
(Continued from page 284)
,
f* St. Lnuis Brownsville & Mexico
Reiter-Foster Oil Corp., New York-'-Filies With SEC—
General
e,
Monday, July 15, 1946
41,319,785
13,954,944
-8,930,378
earnings for
prpviiiqn
the year ended Dec. 31, 1945, after all charges arid
for taxes, amounted to $265,469 as compared With $192,234Sales amounted to $9,749,519 lor 1945.—V. 163,-
for.the. previous year.
p.' 2588.
■
;;v
,•
.
Volume 164
Number 4507
Seal-Peel, Inc.—Stock
{Detroit,
on;. June. -X&
($1)'.-
ptock at par
THE COMMERCIAL ^ FINANCIAL CHRONICLE
Offered—A.
H., Vogel &
'offered ;200,000 shares of
j„V
Co.,
The stockholders will -vote July 15 tofi
approving
provides for the sale of the company's properties
common
'<
in Florida
Transfer-Agent—Manufacturers National Bank,
to
the Davison
Chemical Corp.—.V.
Detroit.
160,
Tampa < Electric Co.—Earnings-
related
and
Period End. April 30—
assets
Operating
871.
p.
&
BUSINESS—Company
incorporated
was
in
'
Southwest Merchandise
Nov.
13, 1944 (admitted .to do business in Michigan, July, 1945), for the
purpose' of engaging in the production and sale of a plastic
protective coating or covering to be used in packaging precision gauges
"and other vital war materials for overseas shipment.
The application
bt this compound affords 'protection against rust, corrosion, condensa¬
tion, fungus growth, moisture penetration, scratches, shock and break¬
age, by forming a hermetically sealed covering which exudes oil onto
Files With SEC—
general
the
♦
parts;
•The
•'
has
now
customers,
.As
including all
June
t,. ,1946,
of
29'4,000
of
pounds
and
information
that
substantially
The prices,
!to
80c
of
branches of the
the
list
United
had
company
compounds.
Seal-Peel
of
approximately
States
quoted
Based
Army.
prodqcbs
company.'s
/
from
range
will be
and
700
•
to rehabilitate
buildings reconverted from
business expansion.
*:
..
....
^!;.v v':'"
•
%rlodEhdv JunriSo^
Consolidated
with
■'«
•'•&?♦£
'
production,
war
.
l-.
v
•'• /
:
••
net
l^-^tolv-^945
sales.
$7,939,641
present,
stockholders.
liquidating dividend
A distribution
Dividends
Offering, price,
$10 a share. Proceeds will
Issue is not underwritten.
of
$2
share has been declared
per
on
the
mo
stock, payable July 25 to holders of record July 17.
per share was made on this issue on May 1, laBt
of $1
The corporation on
July 9 announced that it has been awarded ft
.contract by the U. 43. Army
Engineers for the rental of the Dredge
Cartagena, including all of its attendant plant and equipment, for
work
be
Co.—Weekly Output—
kwh., as compared with 1,921,000 kwh. for the
ing week last year, an increase uf 20.1%.—V. 164, p. .149.
Mississippi River.
that together with the Atlantic,
they were jointly awarded the-contract for the
dredging of the new Municipal Airport at Idlewild, New York.
This
contract was awarded
by the Department oi Marine and Aviation of
the City of New York.
Electric output of company for the week ended July 6, 1946,
2,320,000
the
on
The terms of the contract are such that the
income produced will
Approximate $427;000 over a period of six
months, which is the period
of the rental
agreement.
The company further announced
,
Southern Colorado Power
totaled
correspond¬
and
While
Pacific Co.,
it
and the
is
impossible
to
state
exactly
the number of cubic
yards
price
per yard in view of the various fill areas and
quantities
dredged, it is expected that it will produce
approximately $700,000
income for Standard
Dredging alone, the announcement concluded.—
V. 161, p. 921.
•to be
Southern Natural Gas Co.—Calls 3%%
Bonds—
*
The
corporation has called for redemption on July 29, next, all of
outstanding first mortgage pipeline sinking fund 3J/4% bonds due
•April 1, 1956, at T04V2 and interest.
Payment will be made at the
Central Hanover Bank & Trust Co., corporate trustee, 70 Broadway,
•New York, N. Y., out of funds received from a $22,500,000 bank loan
which the company is reported to have already arranged.
1
Holders may, at their election,-surrender said bonds at any time
Its
prior
date
to
'receive
the
set
full
>946.—V. 163,
for redemption
redemption
price,
Standard Oil Co. of California
(Del.)—To Retire $15,-
000,000 of Notes—
R. 'O.
month
Follis, President,
will
of
holders
the
—V.
capital
stock
of
record
June
of
none
26 are
funds
the
be
used
sec—
1.05%
to
2.20%,
total
p.
1961.
nection with any such sale.
banks
F.
3424.
,
Underwriters,
LCharles
Ayer.
which
Roger
a
registration statement with the SEC
4%
noncumulative
income
W.
Company
Babson, Wellesley
will issue $750,000 of
Hills,
the
bonds, due
Mass., and
bonds
to
two
hold
two first mortgages on all of the
company's real
remaining $1,000,000 of the bonds will be offered to the
company's stockholders in the ratio of one bond for each unit of 3V2
The company is advised that American Telephone and Telegraph Co.,
owns
33.34%
of the company's presently outstanding shares,
Intends to sell the warrants evidencing the 133,374 rights which it will
'receive and that it has made an arrangement with Chas. W. Scranton
& Co., New Haven, to act as its agent in the sale of such rights.
This
estate
which
and the
shares of stock.held.
Price
Unsubscribed shares will be sold to underwriters.
to stockholders
$27.50 a share and price to underwriters -$26.50
Company has been advised by underwriters that theyj intend
to resell the bonds to the public at some future
time, if conditions are
favorable.
Of the proceeds, company will
pay, $225,000 to the two
banks holding its mortgages and the balance will be
retained for neces¬
sary repairs to its real estate.—V. 134, p. 4509,
share.
•a
''arrangement
contains
no
provisions
specifying
selling- prices.
It
provides for commissions varying Trom 4 to 15 cents per right, de:pending on the price paid for the rights, in the case of sales to insti¬
tutions and other large-investors, and for a commission to be mutually
be
upon, but in no event to exceed 20 cents per right, if it
becomes necessary to sell rights to small investors.
The net proceeds which will be received by the company will approxi¬
are
that in accordance
expects
with its
established
.tice, it will in theJFuture borrow from American Telephone
graph Co. as need ^ferefor arises.
.CAPITALIZATION
OUTSTANDING
AS
OF
$1,031,058
$670,879
$5,915,690
volume
entire
obtained
ever
in
any
and is within 25 %
company
highest sales
six months' period in the history of the
of
the net
sales
volume
obtained
in
On
June
July
'Total
Total
1946—Month—1945.
*
$
oper.
and Tele¬
The
ry.
op.
,Ry.-tax accruals
two
Co.
and
two
stores
rents
Net
(net)
ry.
2,547,430
Cr2,521,106
$
for
20,381.698
13,437,727
21,113,823
but
%
26,630
A
the
Het
2,315,623
7,539,545
loss of
of
S.
*
•
solely
807,773
5,436,121
16,664,028
•
410,242
adjustment™
net
bonds
income
ceived
of
10,329,529
9,766,146
564
270
5,923,692
13,746,249
1,936,397
letter
,
income..
of
S.
from
solely
P.
of
of
Annual
sales
$700,000.—V.
volume
163,
transfer
■
of
.,
,
.
1846, the directors recommended an amendment to the
incorporated increasing the total authorized stock to
up
of such shares upon. presentation.
purported
invalid.
w is
plete study of the
the possibility of
Tax
counsel
aforesaid
for
the
company
transactions
additional
income and
liability
with
of
the
has made
view
a
of
a
com¬
determining
for
company
Federal
excess
opinion
profit taxes for the year ended December 21, 1945.
that no such liability exists and that the'com¬
in opposing the claims, if made.
In any
event, the maximum possible liability which could be Incurred as a
result of this transaction would be
approximately
is
their
would
be
HISTORY
3c
pany
successful
BUSINESS—The
business
of
the
•;
consists
company
primarily of
the manufacture and complete assembly of
light popular
priced side-by-side airplanes and service parts. Certain
parts such as'
engines, propellors, wires, -tires, tubes and instruments are
purchased
from others.
Some sub-assemblies are welded or assembled
by outside
firms working,from detailed parts furnished
by the company,. Raw
materials, including fabric, dope, steel tubing,
aluminum, fittings,
steel wire and cable are
purchased on the
market.,
open
Taylorcraft
Delaware.
craft
Aviation
On
Co, was Incorporated on March 18, 1937r*ln
22, .1937, it acquired the assets of the Taylor¬
(Ohio) organized in September, 1936.
'
March
Aviation
Co.
.
.
On
May 11, 1937, the name cf the company was changed to TaylorAirplane Co., and on Feb. 15, 1939, changed to Taylorcraft i
Aviation Corp., its preset name.
Yonng
During 1941, 1942 and
the production of small
1943, the company was engaged largely in
military aircraft for the Armed Forces.
the company, as a subcontractor, built parts
and
assemblies
for
aircraf t
produced by bother
companies under
their prime contracts with the Army and
Navy.
Company has nowi;
been
converted
to
peacetime
production.
>
During 1944
and
1945,
company's
Several
of
products
sold
are
through
a
.^combination
of
A
system consisting of 25 distributors and 000 dealw
the country s well-known department stores are dis¬
playing, advertising and selling Taylorcraft
planes,
v.
INCOME STATEMENT YEAR ENDED DEC.
Net
sales
Cost of
-"
-
31. 1945
*•
goods
sold—
Operating
Other
-V.
these
1
„■
'
!?•'?. L,.
$8,477,602
477,164'
profit
$745,399':
income
Total
:
7,1255,038
Selling, administrative and general expenses
85,9*0
income
$831,339
deductions
for
161,070
Federal
income
taxes
on
income—.
337,200
•$333,069
—
163, p. 3424, 3296.
Teaching Films Corp., New York—Files With SEC—
p. .2771.
Corp.—Registrar Appointed—
Bank of New York has been
of common stock.—V. 164, p.
notification
the
as
on
or
'
Media
has
been
filed
with
the
principal underwriter.
about July 19. ••;.
'
Public
15,
share
-
3,448,428
■
Drl64,654
Crl74,805
Br76,000
1,365,598
Cr242,462 Drl.482,385
Crl79,922
Cr874,027
prl24A0.00
76,000
of
$2,000,000 of
off a $1,050,000
In acquiring
previously
had
regional
offices
be
offered
to
New York is
offering of" this stock is
controled by
Media, and for improvements.—V. 163,
controlled
Transportation
affiliated
Nicholas
I)rl24,000
'
5,239,334
15,478,623
companies
not
on
cer¬
credited
tRepresenting dividends
companies
charged
included,
against
in
surplus
of
members
Gross
net
.
by
■
■
letter of
notification with the SEC
Ry.—Earnings—
from
Net
ry.
Net
8,000
19,916
1,729,951
1,142,659
168,228
164,
376.095
566,141
*27,373
income—
158,798
210,453
1,829,524
521,774
286,072
15.
p.
Texas & Pacific
Ry.—Earnings—
.
1946—5 Mos.—1945
1946—Month—1945
$6,949,524 $22,863,690 $33,390,328
18,700,501
3,754,551 16,999,433
$4,663,184
3,519,310
Operating revenues
Operating expenses
$5,8S4,257 $14,689,827
$1,143,874
341,962
$3,194,973
2,215,480
1,842,826
10,211,64a
Ry. oper. lncom<
rentals (net Dr)l
$801,912
$4,021,431
$4,478,185
688,573
977,433
Jt. fac. rentals < net Dryi
15,699
$979,493
189,268
3,920
71,706
46,855
$624,139
$786,305
$3,261,152
$3,453,897
332,859
New Diredtqrs—
A.
oper.
Period End. May 31—
Net
106,075
63,987
1,383,625
railwayrailway——
from
$366,648
82,949
1—
from
ry.
1943
$394,537
63.456
*7,063
income—
oper.
1944
$326,333
35,313
railway
Jan.
1945
$259,740
railway—
♦Deficit.—V.
p; 1773.
directors
1946
from
Net
of
rev.
tax
from
ry.
op
.
accruals
Equip,
162,074
& Co.,
Syivania Industrial Corp.—Two New Patents—
to
re¬
a
not underwritten.
May—
Net
Kessler, President, has announced the election to the
of Sidney L. Schwartz, a
partner in' the firm of
and Edward L. Elliott, a partner of Van
Alstyne, Noel &
Co.;;;Vbicb' firms.' acted >as investment bankers in
the recent distributton of 200,000 of Super-Cold common
•shares.—V. 163, p. 2900t»
board
Sutro
.
3,746,812
System.
affiliated
S.
-V
Cr899,6l0
filed
of
From
been
8
Tennessee Central
July 3 registered with the SEC an issue
15-year debentures.
Proceeds will be used to
pay
bank loan, reimburse the
company for funds spent
Swper-Cold^^orp*—^Two
Cr956,763
•
of
purposes. Issue
Drug Co., Phila.—■Acquisition—
company
July
on
preferred stock (par $100) and 2,940 shares of
(par $1). The shares are'to be offered in units of one
each at $101 per unit. Proceeds will be used for corporate
stock
common
Ry.
1,431,447
company
for 2,940 shares of 5%
appointed registrar
the Sun Ray management.
Its
acquisition increases the number of
stores operated by Sun Ray to about
130 in five Middle Atlantic States.
The Sun Ray company on
.
solely controlled
P. TransportationSystem
paying companies.—V. 164, p. 149.
income
,
outstanding.
recognizing the invalidity of a purported
by the company of its assets to Detroit Aircraft Corp, and
it to Detroit Air-Craft Products,
Inc., made Aug. 1, 1945. This
action was taken, in .accordance with and
.pursuant to, an -opinion
of independent Delaware counsel
to the effect that such
SEC. at Seattle, Wash., covering the offering of
149,000 shares ($1
The
2,495,979
S, P.. RRt Co. at -Mexico. -tRepresenting interest
i
tain
Co.
approximately
The company on July 1 announced that it
has acquired for $358,000
the Media Drug Co.. with 14 stores in the
Philadelphia area doing an
annual retail business of about
$1,000,000.
265,674
51,295
2,842,433
shares
Sun Ray
23.778,340
con-
affiliated cos..
Consol.
Furniture
*
transfer
Net
P.
'fCohsol. adjustment...,
tConsol.
575
Gross
9,946,081
176,746
charges——
income
trolled
to
National City
400,000
named
21,282,361
13,547,648
.3,116,380
4,450,626
Transportation Syst.
•Net
House
amounts
1
•>
+
stock
by
through its subsidiary, the Pearson
Ind., viz.: General Furniture & Stove
par) common stock of the company.
This stock is to
the public at $2 a share and F. H. Koller &
Co., Inc.,
50,554,815
4,628,348
Contingent chargesf^-.-,,-
,
Court
Haute,
v<
.,
of May 31, 1946, the authorized capital
TRANSFER OF ASSETS INVALID—On
May 22, 1946, the boards of
directors of the riompany, Detroit Aircraft
Corp. and Detroit Air-Craft
Products, Inc. authorized the officers of the respective
companies t®
enter into
an
agreement
has purchased
Terre
•
to
81,783,257
1,954,298
income.
income
fixed
payable.
for the paymerit
Sullivan-Waldron Products Co.—Files With SEC
■■■'■'
3,114,237
.
oper.
deductions
Total
in
Stratford Pen
The
1946—5 Mos.—1945
1,336,389
Total
'Misc.
stores
York.
proceeds will be added to its general funds and wili
operations for the purpose of meeting payrolls
of directors called for redemptfon en
1945, 29,980 shares of a 50 cent cumulative
preferred,,stock,
(no par),-being all of such stock
issued and outstanding,- All
shares have Jjeen redeemed and a
reserve has been^st
series A
The
•
Equip, and joint facility
;
556,424
-
pri June 26, 1945, the board
July 30,
a
corporation
Co.
expected
from
rev.
i
2,500,000 shares of common stock ($1
par). This proposed amendment
was approved at a
stockholders' meeting held on June 17, 1946.
The
stockholders also approved a
proposal that the directors be authorized
to declare and
pay out of such newly authorized stock to stockholders
or record on June
20, 1946, a stock dividend of three shares of common-'
stock ($1 par) for each share -of common
Atock outstanding.
Sterling, Inc.—Buys Two Concerns—
56,260.075 196,485,347 257,757,037
35.878,377 175,371,524 175,973,780
35,132,503
exps.—
_.,
$
37,679,933
revs.___
oper.
ry.
Net
956,439
-
;
—
End. May 31—.
ry.
stock.
common
current
of
Provision
prac-
■-*, Southern Pacific Co.—Transportation System Earns.—
'(Including Separately Operated Solely Controlled Affiliated Companies)
■
on
of
certificate
Other
the directors voted
21
split the company's capital stock
special meeting of stockholders has been called for
19 to take action on the proposal.—V. 164, p. 15.
—
]
for
Issued and
the
1945.
year
two-for-one and
31, >1946
5% gold bonds (first mortgage), due Dec. 1, 1948—$1,000,000
debs., due. Sept. 1, 198025,000,000
.Advances from American Telephone and Telegraph Co.—4%
(■ demand notes
—
1,700,000
(Capital stock (par $100j)^--r-—
40,000,000
<—V. 163, p. 3292.
- Period
V?.T,'■" ;
$1,249,397
$3,309,840
June is the ninth consecutive month in which sales established
a new
all-time high for the comparable month and is the fourth
consecutive
month in which sales were in excess of a $1,000,000.
The figure for the first six
months of 1946 is the.
MARCH
/35-yr. 2%%
$1,389,064
distributor-dealer
i
1946—6 Mos.—1945
■
company
78,645
$102,844
the present
ers.
1946—Month—1945
Sales
the
net proceeds, company will repay in full advances from
Telephone arid Telegraph Co.
These advances, which are
expected to aggregate approximately $5,300,000 by the time the pro¬
ceeds from the sale of the capital stock are received, are represented
,by 4% demand notes.
Advances from American Telephone and Tele¬
graph Co. are used by the company for general corporate purposes,
.including extensions,
additions and improvements to its telephone
.plant.
The remainder of the net proceeds from the sale of the capital
Stock will be merged with the general funds of the company, and the
,company Intends to expend before the end of the first quarter of 1947
,an amount equivalent to such remainder for extensions, additions and
.improvements to the company's telephone plant,
The
$1,328,042
38,102
500,000 shares of common stock (par value of $1), of ;
259,745 shares were issued arid outstanding,
At the completion.,
offering of 20,000 shares, there will be 279,745 ^shares
of
The
Sterchi Bros. Stores, Inc.—Has Record Sales—
Period End. June 30—
exercised.
"American
r
used
consisted
; agreed
mate $11,970,000 if all rights to purchase such shares
$1,427,166
2,929
$327,000.
Exchange, Boston, MLass.—Registers With
■
The-company on July 1 filed
$li750,000 second mortgage
In the event of the sale by the company
of the unsubscribed .shares, it will previously file an amendment to the
registration statement setting forth all pertinent information in con¬
on
retiring the notes, Mr. Follis said,
$75,000,000 bank credit being called
for
position of any such shares,
From
declared
PURPOBEJ-^Net
_
in
recently- arranged
State Street
may sell such of the shares of capital stock as may
purchased through the exercise of subscription rights granted to
stockholders, but it has at this time no definite plans as to the dis¬
company
.not be
will
for the purpose.—V. 163,
upon
*
!
$105,773
3,258
163, p. 2900.
It
bearing interest at from
Of this sum, $1,500,000 will be paid off at
maturity
The balance of $13,500,000 will be redeemed
Aug. 15.
Company
given the
•right to subscribe to 100,000 shares of capital stock < par $100) at $120
.per share, in the ratio of one share for each four shares held.
Sub¬
scription rights will expire at the close pf business on July 16.
The
on
$15,000,000.
p. 2900.
Aug. 1.
-The
July 8 announced that the company next
retire All serial notes
outstanding and due from Aug, 1,
1946 to Aug. 1, 1955.
The notes involved,
and thereupon will be entitled to
plus accrued interest to July 29,
Southern New England Telephone Co.—Rights—
,
$149,227
—
CAPITALIZATION^As
Standard Dredging Corp.—New Contracts Awarded—
•Gulf
;•*
439
$1,322,670
5^71
Currie-Sumniers, New
par value common
26 filed a letter of notification with the SEC
($10 par) common to be offered for subscription to
for expansion of business;
;
—:
Accounts
on June
10,000 shares
used
•
Net income
Spring Valley Co., Ltd.—Liquidating Distribution—
'With; SEC
The company
for
.....
,
$1,421,957
5,209
Taylorcraft Aviation Corp., Alliance, JO. — Stock Of¬
fered—An issue of 20,000 shares of common stock
($1
par) was offered June 11 at $13 per share by Troster,
A
/
..
$105,335
200
$145,969
income
^une
^
$149,026
deduct.—interest—
1946--6 Mos—1945 '
$4,628,346 $44,713,558 $29,997,792
store- -occupies an eight-story- building.: Its merchandise
furniture, home furnishings, carpets, draperies, offioe
furniture, art objects, household wares, stationery, cyrstal and dinnerware.—V. 163, p. 3424.
Bank of the Oity'of New York has been
the common stock, no par value.—V. 163,
^
Income.^.
oper.
Gross
.
•
year.—V. 157, P. 1566.
?
Util.
Other income .(net)
Seiberling Rubber Co.—Registrar—
;
654,005
-; The -Keithr
lines
include
'
jp. 2300.
40,833
•
Purchase by this corporation of the
Robert, Keith Furniture Co., of
City, .Mo., was Announced on July 2 by M. J. Spiegel, Jr.,
President and General Manager of
Spiegel, Inc.
PURPOSE-—1The net proceeds are to be used as follows: Approximate¬
ly $6,100 to discharge land contract on premises being purchased and
used by the company-; approximately $-7,000 to discharge balance due
ori contract for construction-Of building; approximately $31,000 fo?
the purchase x>f additional plant and machinery. Balance for additional
working capital,—V. 163, p. 3423,.
•
•
:
-fThfr Chase National
jappointed registrar of
702,300
•485,000
83,300
*
-
275,4G0shs.
I
accruals——
-
:—-i
Inc.
.
•<"•
56,569
76,000
40,833
———
income..
on
•Kansas
1
f
taxes
taxes
:
$7,527,524
3,847,431
516,117
679,785
969,500
490,000
43,144
53,521
SEC
the
Acquisition—
:
pound
opinion
strikes
the
further
tt0ck:
used
for
.
-
;
CAPITAUZATIGNi GIVINGEFFECT 'TO PRESENT FINANCINGS
tektete'■•*•"H -■iii'rte
AuthorizedOutstanding'*
Cmmijn
letter of notification
a
Spiegel, Ine,—June Sales Rose 71.54 %—
national scale, the company'^, future operations will be profitable,
<oo a
42,751
3,635,595
477,970
322,494
•
25<?per
is
July 1 filed
on
company
shares of common stock to be offered to the public at $3
Underwriters, Clayton Securities Corp., Boston; Estes. Snyder
Co., Inc., Topeka, Kans.; and Sills, Minton & Co., -Chicago.
Proceeds
approximately
past experience
pound, depending upon formulation.
It
management of the company that, barring
Fed.
99,900
on
on
General
Kans.—
share.'
a
relating to these requests to' quote, it is believed
all of such quotations will result in firm orders.
the
-
-diversified
a
per
of ,the
for
Mart, Inc., Wichita,
^
;
,1946—12 (4os.—1945
$650,626, $7,674,827
283,324
-Retire, res.
The
,
.company
1946—March—-1945
$648,604
—
Maintenance
York
New
revenues
Operation
1
HISTORY
32$
Southern Phosphate Corp.—To Vote on Sale—
The corporation has taken out two patents
'covering new uses for
its cellophane and
seamless
cellulose
tubing which were developed
during the war 'On a new method for
recovering glycerol made by
tiermentation.—V. 164, p, JS.~
\ \
•
'
"
Net ry. oper.
income-
Misc.
deductions—
gFixedAhargeS-,-.--.^.^
'
,
'
3000.
315,491
$3,576,643
5,264
234,321
280.920
58,918
1,171,299
-$564,790
$2,346,426
$3,786,756
31,109
1,404,724
'
Net income—-^—
—V. 163, |>.
64,669
$850,974
7,542
;
67,755
$691,894
Other income—
S430;03I
•
$2,350,923
THE COMMERCIAL & FINANCIAL CHRONICLE
Texas Co.
iny,
it
—
was
Sells Debentures Privately
—
ing
The com-
announced July 11, has arranged for
1946,
15,
tional
the
at
record
of
Aug.
the
1946, payable
July 31,
business on
close of
as soon thereafter as may be practicable. ; Frac¬
not be issued but script certificates will be issued
or
will
shares
In lieu thereof.—V« 164, p. 150.
-
'
-
•
'
'
,
Co., Wilmington* N. C.-*-Plaris to
Tide Water Power
Split Up Shares arid Issue Additional Common Stock—
The stockholders will vote July 15 on splitting
<
the outstanding
com¬
stock four shares for one share, and on authorizing an additional
104,428 shares of common stock which the board of directors would be
authorized to issue from time to time as it deems advisable.—V. 163,
mon
1483.
p.
Timely Clothes> Inc.—Stock Offered—The First Boston
Corp. and associates on June 27 offered 90,000 shares of
common stock ($10 par) at $16.50 per share. Net proceeds
go to selling stockholders.
CAPITALIZATION-.—On April 30, 1946,: the capitalization of the com¬
consisted of 28,000 authorized, issued and outstanding shares of
stock (no par).'
*
'
"
On May 16, 1946, the stockholders voted to split the authorized and
pany
common
issued
each
of
,
shares
five
of
share without par value,
one
incorporation,
the
basis
the
on
office
amended,
as
the
of
Secretary
and
State
shares
of
therefore,
stock ($lo par),
common
standing.
of
$10
of
now
value
par
an amendment
providing
of
Company's capitalization,
,•
shares
each
.
for
to the certificate
for
such
split
New
York
on
was
filed
in
May 24. 1946.
consists of 140,000 authorized
all of, which
issued
are
and out¬
v■
:
DIVIDENDS—During the past five years the company has paid
interms, qfthel40,000 shares of common'stock
outstanding, to 20 cents per share in the calendar year 1941,
30 cents in 1942. 20 cents in 1943. 40 cents in 1944, and 40 cents in
1945; and in February, 1946, paid a dividend equivalent to 20 cents
per share.
-■•-■■■' y>. •'
dividends equivalent,
now
On June
3^ 1946, company declared a dividend of 20 cents 'per share
stock, payable July 1, to holders of record June 10.
present intention of the board of directors to declare a divi¬
dend, payable on or about Oct. 1, 1946, of 20 cents per share on its
its
on
It is
common
the
stock.
common
«y- ;
'
COMPANY AND BUSINESS—Company was incorporated as Keller,
& Thompson Co.,
Inc. in New York March 16, 1928, as
Heumann
to company
of the same name incorporated in 1920. Com¬
its present name in 1939.
The business was founded
N. Y., in 1920 by Fred L. Keller, Sol Heumann, and
T. Howerth Thompson, each of whom had been a manufacturer of
clothing under contract for other manufacturers for many years.
Mr. Heumann, now Chairman of the board and the largest stock¬
holder, also conducted a business of manufacturing and marketing
trousers.
Company's principal executive offices are at 1415 Clinton
Avenue North, Rochester, N.
Y.
The
company
has one subsidiary, Timely Stores Inc., which is
wholly owned.
This subsidiary was organized by the company in
California
April 12, 1940 to acquire a group of retail stores pre¬
viously operated by Monroe Heumann, a Vice-President and director
of the company at the time of his death in 1939.
successor
adopted
pany
in
Rochester,
The
manufactures
and sells men's suits, overcoats, top¬
slacks under the nationally advertised label
Suits, overcoats, and topcoats,
which comprise
the bulk of the company's business, retail generally at prices approxi¬
mately from $45 to $65, although some lines retail at prices outside
company
sport coats,
Clothes."
coats,
and
"Timely
this
In
range.
the cost
in
stresses
general
and
young
type
of
the price differentials result from variations
materials used in manufacturing.
Company
men's styling in
UNDERWRITERS—The
respective numbers of
to
*
purchase,
*■
are
as
Higginson
Boston
Cot#---
Corporation
Laurence
M. Marks &
Sutro
Co
&
Auchincloss,
'
&
underwriters
stock which each
and
has
the
agreed
Co.
5,000
Pacific Co.
'
of
California—
5,000
3,000
Sage, Rutty & Co., Inc
Little & Hopkins, Inc
2,000
5,000
CONSOLIDATED
6Mos.
INCOME
End,
Apr. 30, *46
smiles
'
several
George D. B. Bbnbright &
Co.-f 7,500
Redpath
Oross
the
Shares
40,000
15,000
7,500
Parker
products.
Shfttss
"
.
Firit
Lee
of
common
follows:
-j-
The
its
names
shares of
less
counts, etc.
Cost of goods sold
Selling, gen. & adm.
dis*
—
STATEMENT
Years Ended October 31
V 1945
'V'X-
1944
■
-
*
1943
,**'* '■ ^
.
>
$3,549,606
2,626,398
$6,505,345
$6,343,189
$5,796,039
4,782,524
4,844,369
exp.
529,963
1,114,705
973,290
4,230,732
845,760
Prov. for doubtful accts.
2,452
5,820
6,194
15,195
$397,977
$614,791
' 6,170
458
Profit
before
taxes
Fed.
taxes
$730,296
10,649
Federal
—
on
income—
Prov. for contingencies-
NOTE-—For
mechanical
reasons
it
is
not
always
possible to arrange companies in exact alphabetical
However, they ore always ae near alphabetical
position as possible. <
order.
Monday, July 15, 194fi>
Volume 164
-Traders Post, Inc., Greenville, Miss*'—Stock Offered-^-
;
!•
»
pre* '
ferred stock (cumulative).
The shares offered
represent the un<
subscribed
portion of 2,000
shares of 5%
preferred stock of the
company, the remaining 200 shares being reserved for issuance in the
purchase of land upon which purchase contracts are now held.
The
purchase price is $50 per share with the right to purchase five shares
of common stock of the company at $1 per share for each share of
preferred stock purchased.
Henry" T.
Crosbey
&
Greenville,
Co.,
Miss.,
offering 5%
is
ASSETS—The assets of the corporation consist of
"
415'acres of land
the north side of Greenville, Miss.),.,
^ < all within the
.
new city limits on
purchase contract covering
Also
a
238 additional acres adjacent to
holding. .The holding is being developed as the "Delta's Farm
Area," also as site for agricultural processing plants, indus¬
tries. (There are zoned areas for residences for white? and a separate
Section for negro homes.
GI Square is a park; about which lots for
homes of veterans will be made available at reasonable prices.
fair value of the 653-acre
now
BUSINESS
OP
to" be
either
sell
for
it
industrial
| the same purpose under long-term leases.
sites
~
it
lease
or
'
in
connection
The
remainder
of
for
25,000
the
&
chased
by
shares
($5 par) common stock.
Underwriters, Stifel,
and A. G. Edwards & Sons. Net proceeds go to
Co., Inc.,
Columbia
Terminals
Co.
which
of
shares
108,487
owns
the
com¬
/-
r
,
'
c
■ ■><;
••
The
for
company
used
to
'-=!
h
the
purchase
Issue is
of
and
machinery
This
corporation
has
equipment
>'
airliners
nounced
now
on
order
on
June
15
mere
transport planes,
with
the
Glenn
making
'
Co.,
it
of
Cost
was
an¬
the entire
gether, United's
new
in
Air Lines
were
; ;
figures
by
P.
M.
*
Francisco
and Honolulu,
g.iven in
as
its
for
directors
have
declared
dividend
of
120,000
cents
pur¬
company
that .price.
at
1946
by
United
States
Life Insurance
Co., N. Y.
Kew Home Office Building—
"-/•
•
v
■,
the
engaged
repair
'
Van
name
in
the
of
on.
July
10 -declared
non-cumulative
first
a
preferred
dividend
stock
of
from
company during the year. 1946;
This make$
declared on the preferred stock-this year.
The
directors
also
declared
a
dividend
of
$2
DRILL
with
out
&
and
use
the type
terms of
the
Tool
Machine
earnings
V total
a
$1
of
$6
share
a
on
declaration
a
share
of
a
shares
units
manufacturing
Co.
which
payable • Sept; 9 to holders of record Aug. 19,
share..
of
common
|
stock
and
internal
combution
be
must
the
used by all industries
which
each
of
names
has
agreed
the
underwriters
purchase as
to
Co.
&
as
and
the
<
..
($2.50 par)
*
:
Transfer Agent: Guaranty Trust Co; of ^ew
Of The Manhattan Co;.4- ^r
■;
:
1
&
Bros.
First
and
5,000
&
5,000
3,000
Boyce
Middlebrook
California
believes
acetate
types,
and
used
are
1
>
OF
Holders
of
Co.,
were
that
this
which
labor
cost
provided
■
the
then
shares
of
given
such
common
shares
stock;
of
v
differential
has
>
ari
for
increase
in
be
of
for
.
the
&
the
are
exchanges
so
August
cn
Authorized
7,
into
is
stock
stock)
The
selling
of
On
'Yoirkl Registrar; Bank '
1
of
common
stock.
of
its
with
entire
the
7,
.
par)
stocks
non-convertible
f
1945,the
also
company
cumulative
convertible
issued
"
,
ib.OOO shares
ahd 'S61d
INCOME
STATEMENT
&
revs,
(net)
AND
aggre¬
SUBS.)
/
1945
1944
1943
opera¬
$9,559,455 $17,272,805 $12,015,364
7,250,035
13,582,233
9,372,709
& adm. exps.
gen.,
cash
Calendar Years-
May 18,'46
sales
ting
for
(COMPANY
20 Wks, End.
Gross
stock
preferred
1,260,902
$7,487,850
6,119,090
2,149,272
1,152,165
3,'866
Cr370
$1,537,433
85,768
$1,490,860
$1,106,086
126,225
$1,628,202
$1,552,149
233,024
152,533
$851,905
104,615
391,753
979,960
042,900
536,000
$590,107
d'btful
$410,217
accts._
707
<
York).
,
to
the
several
underwriters
Weld
&
25,950
Co.
529,769
■
shares of
selling to
convertible
are
680 shares of
(which will be converted into 6,800 shares of the
19,050 shares of common stock.
The securities
of
shares
of
stock
common
common
stock
were
to
be
split
on
a
three
for
one
issued
represent a
average
stock
to
cost
to
the
selling stockholders of
$5.33
per
the 71,800 shares (including 26,800 shares
be issued upon the conversion of the convertible
cost of
preferred stock, to be: sold by selling the stockholders is $7.07.
;
company
eapital
gating $1,018,960, and 43,250 shares of common stock for cash aggre¬
gating $729,920; and it issued for cash $2,500,000 4% note and bonds
due serially to 1960, using part of the
proceeds to repay $1,935,000 ot
notes and bonds previously outstanding.
1,000
convertible
The
effected,
place
stock.
Aug.
$1,047,810
Other
income
60,276
deductions
for
inc.
profits
excess
Net
est.
$838,998!
12,906
61,289
&
taxes.
income
$456,715.
$211,290
UNDERWRITERS—The names of the several underwriters,
their sev¬
eral
participation
and
the
which
the
are
in the purchase of the convertible preferred
stock, and the number of shares of common
common
follows:
as
Pet. Of
Pet. Of
Shs. of Conv.
Weld
&
Mackubin,
H.
F.
Grubbs,
Scott
29.025
21.5
29,025
17.5
17.5
ii.5,
23,625
15,525
.
;
.
;
8.0
■i.'?r.7.0
8.0
®S->16.0
6.0
Inc.
4.0
4.0
5,409,
Co.__^—
3.0
3.0
4,050
Co._—
&
&
offered
21.5%
21,5%
21.5
Inc
Boynton &
Com. Stock
purchased
11.5
.
Co
Legg
Com. Stock
purchased
S. Moseley &
White,
Shares of
Shares of
Pfd. Stock
F.
stock
stock
will receive severally, resulting from such purchase and
conversion of the convertible preferred stock,, and are offering;
they
Mason-Hagan,
share.
preferred
Verney Shawmut Mills, Inc., issuing in exchange therefor 3,of voting non-convertible
preferred stock and 9,273 shares
Weld
,
were
in
1945,
and
shares
Co.,
of
1,000
and
&
shares
000 shares
Ladenburg Thalmann Corp.
Lee
Higginson
Corp.____
Kebbon, McCormlck & Co._
the
Corp.,
non-voting
3,500 shares of voting non-convertible preferred stock and
62,250 shares of common stock, and also acquired all the
outstanding^,
upon the conversion
preferred stock to be sold by Ladenburg Thalmann
the partners of White, Weld & Co., represent a cost to
the selling stockholders of $10 per share; the shares of common stock
to be sold by Ladenburg, Thalmann & Co. and the partners of White,
of
at $23.75 per
the
many
therefor
from the company on August 7, 1945, at a
cost of $100 per share for the convertible preferred stock and $16 per
share for the common stock.
Prior to the present offering the then
basis.
of
as
1,000
Thalmann Corp., is selling to the several
shares of convertible preferred stock (which will
20,000 shares of common stock); Ladenburg, Thal¬
and the partners of White,
underwriters ari aggregate of
outstanding
times
then
being sold were .purchased
;
shares
many
7.475
Ladenburg
Co.
several
common
as
and
0ri; August 7, 1945 '(aa of August 4, 1945), the
company acquired,
all the
outstanding stock of Verney Mills, Inc., issuing in exchange
Prov. for
stock;
preferred
c
;
one-half of the outstanding
many shares of the common
all 62,375 shares of common
the
issuing
Sell.,
(New
times
stock
theretofore outstanding,
12,500 shares of non-voting
preferred stock and 65,102 shares of common stock.,
1,000
Col
;
,w
($100
1,000
&
1.8
preferred
OFFERING—Of
2,000
converted
mann
authorized
,
All
thus
Prov.
common
the
.
were
Income
underwriters
last
e
outstanding 319 shares of non-voting common
given the right to exchange all such shares for
2,727 shares
of common- stock,>.
: , *
•
1
2,000
2,000
Inc.-
to the three for one split-up) were issued for cash by
1945,
' .
■
Corp., one of the
principal
underwriters,
Ladenburg, Thalmann & Co., which owns all of the stock of Laden¬
burg Thalmann Corp., and certain of the partners of White, Weld &
Co., one of the principal underwriters, are included In the selling
paid
with
narrowed,
aijfd (2) exchange the other
such
Holders
the company on Aug. 7,
Ladenburg
Thalmann
the-com¬
continuous
outstanding 5,000 shares of voting common
to (1) exchange one-half of the outstanding
rights
stock
non-convertible
of common
upon
stockholders.
In
•
enterprise to the extent that it spina
non-voting non-convertible preferred stock.;
stock
3,000
the shares offered 90,000 share are
conversion of 9,000 shares of
5% cumulative cOn-v
vertible preferred stock which shares together with additional shares
of common stock
(including 45,000 of the shares-now offered, aftei*
NATURE
fabrics
10,000 shares cumulative convertible preferred
stock, $100 par;
(b)
6,500 shares of voting non-convertible preferred
stock, no par.
(c) 32,500 shares of non-voting non-convertible
preferred stock, no
par; and
stock
Herbert W. Schaefer & Co.
Brown
of
from other synthetic yarns,
Six manufacturing plants are located in the New
England
in Canada.
While for some years southern textile mills
general had lower labor costs than northern mills, the
in
3,000
3,000
3,000
Chas. W. Scranton & Co.-
3,000
sale
250,000 stmres of common stock,- -no par,
Holders of the then
outstanding 8,000 shares of preferred stock wero
the right to exchange all such shares for
8,000 shares of the
follows:
Ball, Burge & Kraus
Doolittle, Schoellkopf & Co.
Lloyd D. Fernald & Co. Inc.
5,000
Co.
Co.
&
10,000
5,000
Brothers Harriman
Registrar, Chase National Bank, New York;
the
^■
\
,
given
number
——
10,000
Marks & Co._
Transfer' agent,
the
19.46,-—V. 164, P. 55.
*
(a)
giving effect
total
*
fiber form.
capital stock by
No. of shs.
40,000
13,000
such
RECAPITALIZATION AND ACQUISITIONS OF AUGUST, 1945—Hi
August, 1945, stockholders approved a change in name from
Verney
Brunswick Mills, Inc., to
Verney Corp., and also approved a plan of
by Morse
Minsch, Monell & Co.
Pacific Northwest Co. ___
Tifft Brothers -*2.;
Whiting, Weeks & Stubbs_
Brush, Slocumb & Co.
Jackson
Webber,
effect
to
(d)
nancing by the company.
I----;-
made
feasible
be
limited extent
a
cellulose
recapitalization
F. S. Moseley & Co. and White, Weld & Co. on July 2
•
stock.
and
one
had
company
en¬
replaced periodically.
Morse are
and to
and staple
and
are
incorporated
was
will
,
}
viscose
have
boring
CO.—Morse
it
engaged in the manufacture
is
company
subsidiaries.
and brake shoe grinders.
MACHINE
not
or
yarn requirements, it weavs and finishes
or
controls the finishing of its fabrics in accordance with
its own
styling, and it sells the greater part of its fabric through its two sales
offered 135,000 shares of common stock (par $2.50). at
$3 per share;
This offering does not represent new fi¬
HISTORY--Outstanding- common is now listed ?on the New York
Exchange, and application, has been made; for• the listing of
common
whether
from rayon,
CONSOLIDATED
Stock
additional
to
as
The company is ari
integrated
the greater part of its spun
for
from
Granbery, Marache & Lord
—V. 163, p. 3186.
Van Norman Co. 1— Stock Offered — Paine,
Webber,
Jackson & Curtis arid associates on June 25 offered 120,shares
or
filament
selling
and
therefor,
parts
includes
equipment
manufactured by
Curtis
Coburn
share
on
the common stock thus far this
.year, compared
share during each of the full years 1944 and 1945.
the preferred and common dividends declared
yesterday
Both
000
the
including nylon, and from worsted yarns. The fabrics are primarily
used for clothing, including inner and outer garments, corsets and
ioundation garments, industrial
fabrics, linings, bedspreads, draperies
and
upholstery.
The rayon yarns used by the company
are
botlx
principal tools manufactured
Riter
-
declared
$2
NEW
to
structure
Verney
The
the
of
par*
into
issued
woven
organized in Massachusetts,
was
Norman
(no
stock author¬
preferred stock were
common
BUSINESS—The enterprise was initiated in July 1941
Mills, Inc. was organized to purchase from Amoskeag
Inc., a plant in Manchester, N. H., for the manufacture
of rayon fabrics.
In December, 1942, the company was organized as a
New Hampshire
corporation under the name of Verney Brunswick
Mills, Inc. (present name, Verney Corp., was adopted Aug. 2, 1945).
Subsequent, Verney Mills, Inc., and other units were acquired by the
"360,000 shs.
the
par)
HISTORY &
$1,250,000
tUnder
(no
convertible
of
Industries
grouped, into two main
Reynolds &
into its
on
conversion
of
debt
when
and distributed by Morse may be
categories as follows; (a) thread cutting
tools consisting principally of taps and :dies, and- (b) other cutting
tools consisting; principally of twist drills, reamers and cutters.;
bis
Stein
p. 1617,:
share
a
net
a
mon
stock, an increase of 25 cents over the
May.;-; The current declaration brings to $2.25
or
be
-
business
automotive
repair
First Southwest Co.
United States Rubber Co.—Common Dividend Incr.—
Directors
8%
100,000 shares
for
issues in the near future.
Outstanding
$1,250,000
offered.
now
lathes and grinders;
TWIST
Laurence M.
1
4
;
follows:
as
and
automotive
to -be issued
| The company purchased the building last fall.'—V, 163,
to
FINANCING—The management has. given .some
simplification of the company's preferred stock
through refinancing, but no definite program has
been formulated.
It is the present intention to effect such refinanc¬
ing when and as satisfactory terms can be obtained but no definite
conclusions have been reached as to the
types of; securities that may
precision metal cutting is involved.
Estabrook
,
It was announced on June 28 that this company has moved
hew home office buildlngat 84 William St.; New York; N. Y.
amendment
an
110,375 shares of authorized and unissued
and the
reserved
PROBABLE
and
4'
vf/iN
No. of shs.
Occupies
—
Under
stock
&
per
•
stock.
(no
consideration
160,000 shares
additional
an
,.
,
'
10,000:shares of. convertible preferred
common
authorized
amount
deliver from inventory.
Paine,
the usual quarterly dividend of 25 cents per share on the
stock, both payable Aug. 1 to holders of record July 15.
An
extra of 50 cents was disbursed on May
1, last, and one of 25 cents
on Feb.
1, 1946. Payments in the year 1945 totaled $2.25 per share.
V. 164, p. 151. ;
\ '
■>*"■ ;
-;
6,500 shs.
639,625 shs.
filed May 18, 1946, the then authorized '250,-
stpek for 17.475 times as
stock, thus being entitled to received in
stock and 4,500 shares of
non-voting non-convertible
of
and
'
of
12,500 sks.
-
6,500 Sh3.
750,000 shs.
a total of 210,375 shares ($250 par) common stock,
and
and outstanding no par
value common' stock in the
539,625 shares was exchanged for a like number of shares
of $2.50 par value aommon stock.
+
'
the
issuance and, sale by
shares
UNDERWRITERS—The
common
-e
conversion
100,000 shares of
stock
and
changed
25-Cent
25
12,500 shs.
——
pfd. (no par)
(par $2.50).—;
Verney Corp.—Stock Offered—A syndicate headed by
extra
an.
.'
,
'
chare
ized
of two basic
The
•,
& Co. and Kidder, Pea-
Declares
y
convertible,
non
par)
amendment
common
of
capital
$2.50)
BUSINESS—Company
is
the
worn
and
Light & Railways Co.—Secondary Offering—
Inc.
516,452
454,545
items, the other approximately 12% being comprised of "special" items.
With respect to the standard items, it is the policy of Morse to build
decision
body & Co. on July 11 announced the sale at $31 per
share of 48,499 shares of common stock (par $7). This is
not a new issue.—V. 163, p. 2772.
t:- The
19,
400,000 shs.-V-
Hornblower & Weeks
S. Industrial Chemicals,
Extra Distribution—
I
516,452
:
/
454,545
types, those manufactured from carbon steel and those
so-called high speed steels. Tools of carbon steel
are
generally used for manual and low speed production while tools
of
high speed steel are used in mass production and in machines
operating at high speeds. Morse produces a regular line of both varities
as
well as a substantial quantity of special tools manufactured ac¬
cording to customers' specifications. Approximately 88%
of Morse's
business in terms cf dollar volume of sales consists of standard catalog
places In service a fleet of four-eng.ineed, five-mile-a-minute
Mainliner 300's, carrying 50 passengers plus
cargo.—V. 164, p. 16.
U.
second
products
which
are
United
*
the
and
June
bores, mandrels and taper pins.. The principal tools produced
according to Mr. Patterson. The company has announced
that it will -fly the 2,400 miles between the mainland and Hawaii
an-12 hours or less,
using four-engined, four-mile-a-minute passenger
g and cargo Mainliners. Flights will be even faster later this year when
gBear, Stearns & Co., Hallgarten
488,889
l.v\.§>"Y.\
J
T
$2,417,500
;
H 488,889
vY
par) common stock were changed Into 750,000 shares
(no par).
Under a second amendment, filed June 11, 1946, 750,000
shares ($2.50 par) commomn stock were authorized.
Pursuant to thK
May
15,
1946,
the
organization were amended
stock represented
by 240,000
articles
(par
to the
under
manufactured
run,
,United
KC
$2,417,500
non-con v.
the
into
000 shares
principal products manufactured by Morse include -drills, taps,
dies, reamers and cutters. Morse also produces plug and ring gauges,
tungsten carbide cutting tools, arbors, chucks, sockets, sleeves, counter-
Bickley,
of-July 2, means that cities from coast to coast will be given direct
one-carrier, high-speed air passenger, mail and cargo service to> -the
Hawaiian Islands, it is pointed out by W. A.
Patterson, President..v
United will inaugurate
flights between California and Honolulu just
as
quickly as it can assign four-engined equipment and personnel
to the
to
tools,
and
replacement
development and rervice work.
Tools of
by the Civil Aeronautics Board for this corporation to
San
(no
'Reflects
.
general
are
Service to Honolulu—
Authorization
Outstanding
dud
:
.
the articles of agreement,
The
released
non-voting,
voting,
cum.
stock
19,833
and
stockholders
of
and
share
per
prior
serially, semi10 pay. of $125,000
&
drum
in
The
operate between
the
of
out
and': bonds
note
"Commonf stock
Massachusetts, Oct. 8, 1864. It is engaged in the business of manu¬
facturing and selling precision metal cutting tools of the type which
corporation carried approximately 741,500 ton-miles of express
and freight last month as
compared to 499,162 in May, 1945, repre¬
senting an increase of 48%.
The May figure was nearly 20% above
that of the
preceding month when United flew 620,738 express and
freight ton-miles.—V. 164, p. 16.
11*; Expands
•
due
machines
MORSE
•: -
to
Co.
cum.
preferred
$5
in
freight ton-miles operated during May by United
nearly double the number flown in the corresponding
a year ago, according
manager of cargo sales.
Machine
&
($2.50 par)
the
brake
during recent months.
Alto¬
airplane equipment purchases total $43,500,000.-
| period
$5
balance to be paid
machines for
the reconditioning of cylinders; valve
reface^s and reseaters; piston
grinders; clutch plate grinders; crankshaft regrinders; surface grinders;
Air express and
'•.
large part by a new
delivery of and payment
outstanding,
$210
authorized
loan
in
The
service
||| Air Express Gains— -W-
incurred by it
and to apply the
.
secured
mtge. note, due ser. 1946-19605%
mtge. note
issued
by
Verney
Mills, Inc., due ser.
1946-1958—
5% 1st mtge. bonds Issued by Verney
Mills of Canada, Ltd.,. due 1959—
changed to Van Norman Co. in 1943.
tools
twin-engined equipment will be In addition to United's
fleet of
four-engined, five-mile-a-minute Mainliner 300's (Douglas
DC-6's) which will begin taking to the company's system this fall, and
to the 25 four-engined Mainliner 230's
(Douglas C-54's) which the
placing
than
stock
effect
stock
gines.
new
been
the
CAPITAL CHANGES
TO
1
>
.
5%
manufactured include column-type milling
machines
production work, universal milling machines for general
production work and die, pattern and tool work, and contour milling
machines
for
rotary milling; oscillating grinders for grinding the
spherical curvature in ball and roller bearing rings; and machines and
United's system and as gradual replacements for the company's
present
fleet of twin-engined Mainliner 180's (Douglas DC-3's).
<
the
1912
The
fleet is given as approximately $12,857,000.
originally ordered 35 of the Martin 303's last January with an
Option to purchase another 35.
The planes will be delivered beginning
in July, 1947, to provide increasingly frequent inter-city services along
t, company has
Drill
and
shares
Association
bank
8,
for
-United
'v'The
in
refinanced
with
.
National Bank, Boston.
$1,250,000, the capitalization will be
production,
total of 50 such
a
Martin
L.
of
certain
300-mile-an-hour
type,
new
,
by W. A. Patterson, President.
5
'
...
ordered
twin-engined Martin 303
Twist
issued
more
common
Company
.
be
4%
.
year):
:serfially; 1946-1960
.
not underwritten.
;
United Air Lines, Inc.—Orders 15 More Planes—
•vv^,.v£Y-"•$"
of
HISTORY
was
for
Bos¬
expenses
stock,
EFFECT
(including, payments due
one
company.
Proceeds
used
will
for
Morse
from First
debt
within
commitment and loan
May
be
Funded
agreement under which this loan is to be
obtained, $125,000 will become due and payable semi-annually, the
first payment to be made six months after the date of the loan.
Tung-Glow Mining Corp., Reno, Nev.—Files With SEC
will
of
"Includes
>
..
mining operation.
not
annually
The company on June 25 filed a letter of notification with the
EEC for 200,000 shares of common stock. Offering price is $1 a share.
smd
Morse
additional
After giving
bank
...
.
«
itself
of
the loan
Authorized
Issue is not underwritten.
tsfi
reimburse
acquisition
this loan
stock
increasing
t2Vb%
letter of notification with the SEC
a
Bank,
National
First
GIVING
Authorized
»;c>*
the company of the
120,000 shares of common stock now offered, to the application of a
portion of the proceeds of such sale to the reduction of the 21/a%
notes due Oct. 26,
1946 and to the obtaining of a bank loan in the
*
of 4% debentures.
Offering price, 100%. Proceeds will
liquidate existing obligations and to invest in business.
$300,000
be
June 27 filed
on
the
oicoiumon'-8t^ck.xpa^$2.5q|.)H
Common
V; Trustees Loan & Discount Co., Inc., Birmingham, Ala.
J
from
'
K
.
of
at
147
amount
pany's outstanding common.—V. 163, p. 3185.
U;
CAPITALIZATION
The directors have authorized the acquisition of any or all of the
remaining outstanding shares of Morse when and such shares can be
shares
SEC
of
such
agreement
Trailmobil© Co., Cincinnati, Ohio—Registers With SEC,!
The company on June 28* filed' a registration statement with the'
Nicolaus
with
CAFITALXZATION—By v vote
for
:
^
approximately $54,775 to
balance to the reduction of
acquired
the corpora¬
holding company of the real estate purchased and
It will develop this property by improvement and
will
and
obtained
to
,
?
of
loan
a
The
Co.
of
refinance
program,
part,
a
; '32S
J,
;
^
|t
business
of
Machine
is
recent acquisition of stock
Morse stock was purchased
The company financed the purchase of the shares .through - loans \
aggregating $4,064,340 from First National Bank, Boston, evidenced by
the company's 2Va% notes due Oct. 26, 194S.
"
of the
sale
the
from
proceeds
&
financing
a
offered
now
company's
representing ap¬
proximately 96% of such stock. The stock was acquired directly from
the stockholders of Morse. The
aggregate price paid for all shares of
Morse purchased on or before May 20, .1.946, we 6 $4,064,340.
a
purchased.
sub-division
obtained
be
CORPORATION—The
THE
tion is to serve as
will
Drill
the
ton, evidenced by 2Va% notes due Oct. 26, 1946.
The estimated net
proceeds from the sale by the company of the 120,000 shares of com¬
mon
stock is $2,670,000. Of this amount the company intends to use
snares
stock
of the indebtedness
offered.
payment
Issue
Twist
the
basis
ACQUISITION OF STOCK OF MORSE—Company, between April 26
May 20, 1946, acquired, at $210 per share, 19,354 shares of
referred to above, and the assumption of
indebtedness against the land.
Funds for the
j; company's preferred
$38,500 outstanding
Morse
with
undertaken
stock
common
permanent
capital stock
according to appraisers of Greenville, Miss.
The 653 acres emhraces 415 acres, title to which is now in Traders
Post, Inc., and the remaining 238 acres is under purchase contract to
Traders Post, Inc.
Payment therefor will be made by the issuance
of 13,000 shares of the company's common stock, 200 shares of the
-
of
has
company
issue of
more
and
is $260,000,
land holding
the
a
for the shares of common stock now goffered,'- the
from other funds of the company.
,
Market
APPRAISAL—A
PURPOSE—The
which
on
serial loan to be obtained coincident
this
**
'
.THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4507
Co.,
10,800
7.0
9,450
«.
—V.; 163, p. 3186.
Ill
£4
-
8,100
.
THE COMMERCIAL & FINANCIAL CHRONICLE
326
SEC-—
Virginia Dare Stores Corp^-Registers With
;
The
July 3 filed
company on
90,000
,
Lake
City,
ing
whom any
less certain
concessions. It is presently anticipated that $437,500 will .be Used to
acquire the capital stock of Williams Stores, Inc., and Levitt Millineiy
Co.
The balance will
be applied
to general corporate purposes.
and the balance to certain dealers, among
underwriter may be included, at the public offering price,
to
the
public
V.
The
■
for 745
Period End. June 30—
Retail sales iii
With SEC—
share
one
at
each
of
$200
sales
in operation on June 30, 1946, numbered 237
earlier, while wholesale accounts numbered 1,605
239
a
$8,976,000
——•»
units
year
1,493.—'V. 163,
3333.
p.
May—
Gross
from
Net
ry. .oper.
Prom
Net
V
9,483,630
2,339,010
608,474
/// 590,110
1,569,254
3186.
3,724,234
5,217,682
Total
ry. oper.
Total
ry.
exps
11,269,570
Net
5,502,854
oper.
from
rev.
Payroll
3,072,228
2,820,696
3,624,937
14,045,998
$1,869,392
$9,513,718
all
111,658
904,667
572,000
73,021
100,406
406,448
4,746,016
510,189
62,557
221,718
511,757
989,339
$15,507
$530,943
$1,141,732
$2,726,880
52,499
41,450
/ 271,543
275,097
$68,006
$572,393
$1,413,275
$3,001,977
accruals-
tax
other tax
rents
Net
110,142
.
accruals-
(net
Dr)
income-
ry.
oper.
income
Other
541,294
corporation.
will
The
for
suitable
storage
in process/
The
only been
rental for use
aiftd
for
used
ACCOUNT
income
space,
for
YEAR ENDED
APRIL
218,347
437,118
72,819
145,639
407,592
145,707
6,651
25,492
v 7,475
72,819
.
18,840
60,866
.
loss—
,
65,638
$45,831
116,366-
126,504
,
$28,462
$74,294
$78,741
BALANCE SHEET, APRIL 30, 1546
*
cipal
1,
and
interest,
amount
1946,
3Va%
for
(4%
of
$118,852;
first
current
mortgage
retirement
after
of
note,
income
at
required on prin¬
deposit payable July
$20,080;
bonds,
$22,207;
first mortgage
/Income bonds reacquired), $10,804; total* $6,687,819.—-V, 163,
Wagner Electric Corp.—New
Mr.
has
Simon
been
elected
has
been
Controller
connected
since
1934.
In
of
this
1917
Co.—Operating at
is operating at
somewhat doubtful
a
the
later in
p.
are
aSelors,usual declared
haye
and
the
quarterly
/
Aug.
1
to
holders
of
an
extra
dividend
record
of
July
75
17.
cents
An
per
extra
60
net
of
compared
with
y
flown
company showed an Increase of 71.02%
Express
/
v
a
f!S^re is also
pounds
in
Mason-Hagan,
2.26
F.
0.64
0.97
Maynard H. Murch & Co.—
Newliard, Cook & Co
(Inc.)
2.26
The Ohio Company
Co
0.64
3.22
2.26
3.22
1.61
0.97
2.26
1.29
3.22
Co.—L
3.22
Reynolds & Co
Riter & Co.
The Robinson-Humphrey Co
Singer. Deane & Scribner—
Stein Bros. & Boyce Corp.—
Stroud & Company, Inc—
Union Securities Corporatibn
G. H. Walker & Co
Wertheim & Co.
—
White. Weld & Co
The Wisconsin Co.
Dean Witter & Co.—
&ISTORY
ware
of
in
&
be
required
GIVING
"
EFFECT
•
reserved
are
stock.
the
manufacture
therefor
and
since
substantial
a
From
to
set
for
./^Express pounds carried for
the
year
to
date
show
an
'•
erating
ration
May
'
of
per share,
at
not
subscribed lor
as
in
is
1.29
2.261.29
0.97
1.61
0.97
1.29
1.29
1.61
3.22
1.29
3.22
3.22
2.26
2.26
STOCK—Corporation
COMMON
and
$20
by
such number of shares of common stock as sre
the holders of subscription warrants therefor
requested so to purchase-by • the corporation by
writing.
All of the stock of Willys Real Estate Realization
owned by Empire Securities', Inc.
shall
it
be
noticeCorp.
/ '
SUMMARY OF CONSOLIDATED INCOME STATEMENT
Years Ended Sept.. 3ft——r-
3 Mos. End.
Dec.
•
•
•
contracts
——
167.755,814
2,350,728 153.656,224 177.671.654 135.868.083
654,420
4.393,652
4,303,380
4,689,452
sold
tl,611,559
income——
31,071,429
Excess
'
3,452.500
4,488.183
4,408,771
670.400.
690.664
480,005
14,746,000
—.—
21,711,120
19,688,250
2,814,921-3,943,722
2,857,650
surtax-—
(net)
profits tax
27,434,672'
21,683,821- 30,833,690
and
contingencies
and
27,657.635
237,739 /'
222,963
84,255
34,663
wartime
for
other
>
459,357
21,768,077
tl,604,554
Profit
Prov.
27,198.278
587,976
deductions
Income
of
30.483.453
498,671
11,569,891
oper.—
21,269.405
41,667
from
income;
Total
560,209
1,507,978
/V. 892,906
1,393,590 179,319.282 212.458.488
—
—
Profit
Other
178,426,376 210,950,510 167,195,605
cost-plus-
of goods
Cost
•
;/
V
.
• 1,393,590*
-
from
$
$
discs.,
etc.
1943
$
1944
1945
31/45
$
less
sales
Gross
155,145shs.
issuance
upon
conversion
of
———
•Includes
t2,688,610 shs.
•
$525,000
163,
>
p.
11,604,554
-
the
ended
year
Sept.
30.
ended
the three months
;/> / /-''/':/
'
for
3463.
of
-:
1945.
31,
Dec.
approximately
and
claims
termination
contract
war
for
$12,500,000
the
approximately
1945.
.
tLoss.—V.
,
the
Wisconsin^ Electrfc Power Co.-^-Calls 3%% Boncte-^
Willys-Overland
Co.
and
been
time
of
ceased
Broadway,
reduced
and
trucks
of
volume
;
/
and
such
part
of
Ifazoo &
May— §
Net
the
production
of
sedan
and
coupe
.
panel
In
delivery
1940
program
to
in
the
for
impair
excess
after
halt
the
to
diverted
Corporation
the
utilization
of
$12,000,000
attack
all
its
on
on
Pearl
automobile
automobile
into
entered
of
its
production
hand
for
Harbor
production
production
at
and
in
such
Sept.
war
the
to
armament
an
facilities
and
S.
the
the
manufacturing
had
Within
Government
corporation
a
as
not
orders
month
ordered
a
immediately
V*. ton/ four-wheel
drive
■
'
• -
*
•1944
1946
1
$3,688,926
1943
$2,669,301
$4,003,203
7«9.041
2,065,184
1945
$2,008,995
346.615
*!
*•
1,707,378
;
■
64,773
585,388
231,958
987,30a
railway—
Net from railway--——
Net ry. oper. income—
passenger
manner
30, .1940
material.
U.
a
Mississippi Valley RR,^--Earnings—
railwayrailway
10.627,902
J,870,127
458,350
15,847.958
14.326,295
16,370;8Z4
6,486,061
2,323,545
5,193,832
1,833,443
7,117,146
3,341,947
from
Gross
—v;
trucks.
automobile
from
;
Net ry. oper. income--.
From Jan. 1—
low-priced,
full-sized
passenger
cars
which
were
four-cylinder engines and which afforded certain op¬
economies, notably in gasoline and oil consumption,
Corpo¬
on
'
from
Gross
with
concentrated
Hanover
present their bonds at any time at either of the
daces of pavment and receive the full redemption
may
above-mentioned
the
subsequently acquired by the corporation.
its. organization in; 1936 until the production of
in
1942 as a result of the war, the corporation
bonds, due 1968, have
105% and interest.
Trust Co.; trustee.
Bank & Trust Co., 70,
'price/together with accrued interest to July 29, 1946.—-V. 164, p. 56J
of
line'
a
Wis., or-at the Central
New York, N. Y.
Bondholders
of automobiles,
trucks and replacement
During the reorganization proceedings in
plant and facilities was rearranged to
automobiles
was
'
the
in
mortgage
for redemption on July 29, 1946; at
will be made at the First Wisconsin
/ Milwaukee,
engaged
sale
of
manufacture
engine
had
first
outstanding
the
Pavment
Willys-Overland.
and
Co.
subsidiaries
its
of
All
befen- called
car
models, and approximately/ 93% in dollar amount of its total
production during, the prewar years was represented by such models.
The balance of its production consisted of
a
line of light trucks and
28.
increase
2.26
Co
——
1.29
0.97
PURCHASE
TO
tion
Profit
.
1912.
part
the
on
automobiles
equipped
to 56,442,982 for May, 1946.;/'V
Company^*—
Inc.
&
Authorized /,/Outstanding
;
•4,100,000 shs.
—
&
&
Moselev
S.
Willys Rea} Estate Realization Com., entered into an agreement pursu¬
ant to which Willys Real Estate Realization Corp. agreed to purchase,
for investment and not with a view to distribution, from the corpora¬
>250,000 shs.
-
July 23,
predecessors,
The
The Willys-Overland
plant and facilities
the
1945,
Noyes
Hutton
Sell., gen. & admin, exp.
PRESENT FINANCING
TO
<*
&
Co
AGREEMENT
at
to the general funds
'
cents
Tvnfv Piq4k f®6 car.ried durlng the corresponding month of 1945. The
Bound
™nZlgUfie
lg2.127 while the 1945 figure is 133,102. Express
fiSfiafiim for May,
£r0Wn,n«°^ a decrease of 14.07% dropping from
65,686,813
&
Johnston, Lemon & Co.
equal to
sum
a
Lord
&
Co
Miller & Co
Illinois
The
Co.
Marache
Scott
E.
W.
BUSINESS—The corporation was incorporated sin Dela¬
1936, at the conclusion of the reorganization proceedings
four-cylinder
per
both
"
Reoublic
Hemohill.
$100
proceds will be added
its
Inc.
parts
12.08% increase over revenue passenger
preceding month of April, 1946. '
carried
during > May reached
a
21.81c
increase
Sherrerd
&
Hayden,
6,000 shares issued Jan. 8,
1946, upoh partial exercise
of an
option held by an officer and 20 shares issued in exchange
for scrip certificates
subsequent to Dec. 31, 1945, but does not in¬
clude scrip certificates representing 344 shares.
but
a
Boynton & Co., Inc.—
Inc
Co..
2.26
tlncludes
revenue
over May,
1945, it was announced oh June
16,549,967 revenue passenger miles
during
May, 1945, figure of 9,677,328 miles.
flew
during
3.22
of a
aside
will
(a)
(par $1)-—„
A preferred
series
ou cents
passenger miles flown
miles
Co
Inc...-
&
Grubbs,
manufactured
Air
Laurence M. Marks & Co.—
&
3.22
3,22
3.22
3.22
3.22
1.61
0.97
Lazard Freres & Co
Lehman Brothers
Normal
shares
concentrate
Western Air Lines,
Inc.—May Traffic Statistics—
During May this
3.22
1.93
Fees
to
Kidder, Peabndv & Co
Ladenburg. Thalmann & Co..
W. C. Langlev & Co
*
..
0.97
Hallparten
stock)
entitled; to the benefit
%
3.87
Harden—
Granbery,
corporation.
1936
share
of
be
underwriters
common
&
Central
15, 194.8, out of earnings subsequent
provision for full cumulative dividends on
Common stock
3333,
dividend of 40 cents
Was paid on Dec. 14, last year.—V.
162, p. 3240.
^
Inc
or
days' notice
30
several
and
agreed,
Collin, Norton & Co
Eastman, Dillon & Co
Equitable Securities Corp.—
Goldman, Sachs & Co
1953.
or
will
(no par)—..
Series A preferred stock—-.
West Point Mfg. Co.—40-Cent Extra
Dividend—
payable
least
have
y0
5.24
Co
and Co.,
Company
stock
preferred
underwriters
several
Co.
and
Butcher
Dec.
1
statement today:
163,
31,
before; Dec. 31, 1948,
plus accrued dividends.
on
case
the corporation
'
:
the year/1—V.
which
CAPITALIZATION
?tnal results of the second quarter's operations will not be reported
al f°rm until some time in August. Although the company is
c?faJ pperoting at a profit, action on the dividend on the common
£tock has been deferred
until
Dec.
at
on
Cumulative preferred stock
that, the current earnings will be large enough
for the first quarter which
,
series A preferred
of
before
time
any
$107.50
in each
commencing
PURPOSE—The
rL
s
A
Blair
10% of con¬
solidated net earnings for the preceding fiscal year ending Sept. 30,
or <(br ah amount Sufficient to retire 3%
of the largest number of
shares of series A preferred stock at any time theretofore outstanding.
f?21p2«£ly the reported loss
$421,508.
share
or
31, 1945, after
preferred stock, the greater
the
*
•
&
Baker, Weeks
Bear, Stearns
shares of common
if converted there¬
$33% per share (being
and
1951;
each
on
preferred stock
for
year,
*581,794
profit during the second quarter,
from
A
Dec.
..
Holton, Jr., President, issued the fallowing,
30,
for
and
part at
1956,
30,
fund
each
to
on
Common Dividend is Deferred—
is
Allyn
series
in
or
series
in
was
Profit But Action
a
June
stock
the
ranging
June
sinking
and
he
year
of
thereafter
on
whole
The
,,
amounted to
&
Atwill
common
on
agents
Co., New York.
UNDERWRITERS—The
series
i
per share
(being 3Va
series A preferred stock)
before
common
of
converted
production
and
preferred stock and common stock will'
Toledo Trust Co., Toledo and Chase
Registrars: Ohio Citizens Trust Co, Toledo
York,
Rollins & Sons
H.
fixed-fee
:
'
shares
if
per share
(being 3%
series A preferred stock)
the
for
transfer
A
& Trust
-
Allen
$30
REGISTRARS—-The
Agents;
STOCK
the
the
Loeb
Total
after
company in 1915 as a student engineer,
advancing through a number of divisions he became Pro¬
duction Manager in 1926.—V.
163, p;, 113.
'v-/ ■/'
;
:::/;/
it
underwritten.
of
share
or
on
converted
prices
^r' ,p°SSeshall joined the
after
company
n
able in
and
tinri,y^'
This
E.
or
gas
series
New
for
A preferred stock are payable quarterly
January, April, July and October 1. Series A preferred stock is redeem¬
started with the company in 1909 as a.
student engineer
and subsequently advanced to
the position of Chief
Engineer.
.
Sylvite, oil,
$26%
share
each
Dividends
Mr. Waters
Walworth
or
i
.
Kuhn,
Corp.—Receives
31,' 1948;
shares of
3
p. 112.
company since
January
director.
a
the
and
if
Executive Appointments
with
for
after
The
.
each
Dec.
stock
corporation on June 23 announced the appointment of three
new executives as a result of action by their board of directors.
F. F.
Simon
is now Vice-President
and
Controller; G. A. Waters is VicePresident
in
charge
of
manufacturing;
and
K.
M.
Coggeshall Is
Assistant Vice-President in
charge of production and purchasing.
,
SteeJ
share):
per
for
before
note,
prin¬
April
$100
stock
payments
1, 1951); $8,750 (including interest and
cipal) payable quarterly to Jan. 1, 1956; balance payable
April 1, 1956;
excluding $20,079 included in current liabilities, $413,691; 5% mort¬
gage
income bonds,
due Jan.
1, 1965, .$5,609,725; deferred income,
.$2,713; capital stock ($1 par value), $231:460;
capital surplus, $68,544;
earned
surplus (after credit of $1,122,591 for discount on
mortgage
/...
Issue not
Carnallite
of
t"
flPh* series A preferred Stock is convertible at opiidn of holders oft
or before Dec.
31, 1953 into common stock at the following conversion
prices per share of common stock (taking series A preferred stock
LIABILITIES—Accdunts payable, $25,110; accrued taxes, $87,491;
accrued
interest, $77,142;
protested
special
assessments,
including
penalties
existence
AND
stock will
severally and not
jointly,, to purchase from the corporation at $100 per share plus
dividends, such of the 155,145 shares of series A preferred
stock
as: are not subscribed for by the holders of subscription warrants in
the percentage set forth below opposite their respective names:
Stock Offered—A total of 310,290 shares of
common stock (par $1) were offered for subscription to
holders of common stock and 144,117 shares were sub¬
scribed for by such holders.
Rights expired June 26.
Corporation has requested Willys Real Estate Realization
Corp. to purchase all of the unsubscribed shares.
Treasury certificates (at cost), $40,038; cash ($12,576) and U. S.
($117,556) on deposit to cover special assess¬
ments, including penalties and interest, $130,132; other assets, $97,594;
land,
building
and
equipment
(after
reserve
for
depreciation,
of
$1,492,133), $6,297,183; total, $6,687,819.
.,
.♦
v
substances.
the
finally
Transfer
Bank
which
under
Common
/Treasury certificates
!\
the
Chemical
registrars
These shares represent the balance of the
155,145 shares offered for subscription to stockholders,
the remaining 6,024 shares having been subscribed for.
Common stockholders were given the right to subscribe
to the stock at the rate of one share of preferred for each
16 shares held. T r
ASSETS—Cash, $103,791; accounts receivable, less reserve, $12,961;
/inventories of maintenance supplies, etc. (at cost); $6,120; U. S.
.
for
The specifications
been determined,
persons.
yet
AGENTS
National Bank
dividend.
—Years Ended—
Apr. 30/46 Apr. 30/45
$660,458
$598,399
Apr. 30/46
:
$334,992
/Int. exp, on Inc.; bonds-
•
to determine
of the four-cylinder engine. *. The new line of
be of light weight and conventional design and
five
not
follows:
as
and
Motors, Inc. — Preferred Stock Of¬
fered—Kuhn, Loeb & Co., and E. H. Rollins & Sons, Inc.
on
July 1 offered 149,121 shares of $4.50 cumulative pre¬
ferred stock, series A (no par) at $100 per share and
30, 1946
218,771
depreciation
\Other deducts.*.(netL»~*
r
have
registrars
be
will
to
up
A.- C.
and
converted
were
$325,466
operj'lexpenses./,.
Prov.
'4<
$2,680,397
Payment for Ports¬
mouth Ohio Steel Works and Emperor Coal Co.—See
Portsmouth Steel Corp. above.—V. 163, p. 2488.
39th floors in the tower, Which
storage
FOR THE
Total
Net
$1,083,558
company on July 8 filed a letter of notification with the SEC
125,000 shares of common stock to be offered for the public at $1
Wheeling
basement and
—Six Months Ended—
oper.
$502,725
share, and 125,000 shares of
other
commercial art studio.
as a
Oct, 31/45
Total
$896
for contingent
Willys-Overland
previous
INCOME
models
economy
cars
seat
H. F.
During the past year the 38th
had
proven
TRANSFER
income
quired
/ tion of these changes.
rare under
240,752
common stock to be issued to General
Minerals Corp., as part of consideration for the
assignment of leases
on
lands located in Grand County, Utah.
Proceeds will be used to
locate and drill a test well, and such additional wells as
may be re¬
and
space
garage
231,120
47,831
80,828
The
for
a
other uses, and this
sub-basement
be continue as a garage for the exclusive use of the tenants of
Pure Oil Building.
$90,000 is the anticipated cost to the corporabe
98,597
PREFERRED
unprofitable operation of The Pure Oil Building
Garage and the inability to obtain repairs for the special equipment, it
was deemed advisable to convert the garage floors above the basement
is now
46,132
21,837
the
to
passenger
will
Western States Minerals Co., Los Angeles—Files With
SEC—-
,
will
resume the production ot ita
intends instead to manufacture
(2)
Passenger Cars—Corporation's new passenger car models will
powered by a six-cylinder engine which has been. designed and
engineered in the light of experience gained in the development of
the
four-cylinder engine.
Extensive testing, indicates that the fuel
economy of the six-cylinder engine should
very closely approximate
charges, i.e., capital fund, interest
requirements on general mortgage 4%% income bonds, sinking fund
and other corporate purposes.—V.
164, p. 151.
account of the
they
charges.—
•Amount available
•
conversion
20,978
*Net
mortgage
•
so
deductions--
Fixed
stockholders and bond-
payments of $8,750, which is applied first on interest and the balance
then on principal;
Interest on this mortgage is payable at the rate
of 3V2%
to April 1, 1951, and at the rate of 4%
thereafter until
April 1, 1956, the maturity date of this mortgage;;. Negotiations are
cnow under way for an extension of this mortgage for 15 years from
July 1, 1946, with quarterly payments of $6,450, to be applied ih
payment of interest at the rate of 3% on the unpaid balance of the
:
principal and the balance remaining after paying the interest to be
applied on the principal of the mortgage.
Such an extension contemplates that additional payments may be made against the principal
on the first mortgage when funds are available, at the option of the
On
income
Misc.
1946, there was an unpaid principal balance of $433,771
on The Pure Oil Building, requiring quarterly
first
the
but
be
the
Total
1, last, lYt% on July 1, 1945, and % of 1% on
-
On April 1,
to
-plan
models
motor
will be powered by the four-cvlinder engine which was
military Jeep, includes the Universal Jeep, a
vehicle
the -military Jeep-, but redesigned for. civilian usage, an
all-steel station wagon, a sedan delivery and a medium duty pick-up
truck in two conventional body types, both using the same chassis.
'
The corporatioii dn July 1 paid VA.% interest on the 5% mortgagd
the six months ended April 30, 1946.
This compares
on
automobile
ap¬
which
in
similar
ineome bonds for
Graham Aldls, President, in a letter to the
holders, said in part:
does-f not
Utility Vehicles—Corporation's projected line of utility vehicles*
of
used
Equip. and joint facility
Jan. 1# 1945.
of
new-line, of
(1)
15,529,688
$3,184,457
552,520
$261,227
op.
ry.
Income -tax accrualsAll
Chicago—Interest—Earnings—
/Seeks to Extend Mortgage—
'with 1%< paid on Jan.
In respect of canceled war contracts*
termination c'aims amounting to ap¬
.
1946—Month—1945
1946—5 Mofi.—1945
revs.--«.v $3,081,923
$5,494,329 $17,230,455 $25,043,406
Wacker Wabash Corp.,
'
more
by the corporation.
had presented
,
STATEMENT
INCOME
Period End May 31
1,023,674
12,742,493
5,787,978
3,070,228
13,224,513
income—
oper.
'
*
railway—-
•Deficit—V. 163, p.
„v.
V
>,
railway——
from
Net ry.
income—
SYSTEM
CONSOLIDATED
$2,158,728
steel
in
vehicles.designed for economical performance.
Designs for some new models have been prepared, and designs for
other new models are being prepared, by the corporation's engineering
staff.
These designs will provide a high degree of interchangeability
of the major. components of each of the models.'
The • automotive products which tho corporation .is currently pro-.
ducing or plans to produce fall Into two- main categories: '
~
'
1943'/
-
$2,489,774
1,089,922
$2,818,214
1,185,305
1,026,998
*3,129
6,122
1—
Jan.
•
$1,342,430
railway
from
Gross
' 1946
'
railway—
from
Net
1944
line
1942
(Including Sacramento Northern Ry. and Tidewater Southern Ry. Co.)
1945
such
wartime
war
August, 1945 resulted in the im¬
than $155,000,000 of Government
con¬
corporation
Tbe • corporation
/"''V-/
Western Pacific RR. Co.—Earnings—
,
against
against
a
Virginian Ry.—Earnings-
of
products,
aircraft assemblies,
material.
other
components,
miscellaneous
proximately $14,570,000 at April 1, 1946, of which, at sifch date,
proximately $13,870,000 had' been settled and paid in full.
building in Virginia, Minn.
be used to erect and maintain a hotel
and
hostilities
of
cancellation
tracts held
armaments and
ammunition
and
forgings
termination
mediate
$4,413,000 $47,713,000 $22,977,000
of
range
aluminum
The
$2,482,000 $25,617,000 $11,718,000
1,931,000
22,096,000
11,259,000
3,932,000
Retail
and 745 shares of $4 cum¬
without
unit
a
$5,044,000
—
sales
and
1946—6 Mos.—1945
Combined
sold to the public in units oi
underwriting. Proceeds will
preferred stock. Shares are to be
ulative
1946—Month—1945
wide
a
ammunition
as
Kansas City* Blot—Sales—
the
notification, with the SEC
company on July 8 filed a letter of
shares of common stdck ($100 par)
duced
Auto Supply Co.,
commonly referred
were-
material.
City, Butte, Helena, Billings, Mont.; Pierre, South Dakota; Rapid
South Dakota;
Huron, South Dakota, and Lothbridge, Can.—
Wholesale
Virginia Hotel Co., Virginia, Minn.—Files
to ak the "Jeep." Additional planr facil¬
re-arranged and' built; for the production of other war
Although the corporation's waf production program was
largely identified by the public with the Jeep (approximately 61%
of total sales of war material produced by the corporation during the
war
years consisting of Jeeps and Jeep parts), the corporation pro¬
ities
163, p. 3002.
Western
vW 163, p, 1617.;
;
vehicle
company's 4,303-mile system links 30 cities in the West, includ¬
Los Angeles, San Francisco, San Diego, Denver, Cheyenne, Salt
part
Monday, July 15/1946
over
The
($10
Inc.,
shares
the similar period of last year, while express pound miles
marks a decrease of 11.48%.
flown
registration statement with the SEC
a
of 5% cumulative convertible preferred stock,
par). Underwriters, Newburger & Hano; Kobbe, Gearhart & Co.,
and D. Gleich Co. Underwriters propose to offer the shares m
for
21.66%
163',
p/3i86;.:
■-
.
:
\
1
Yonkers Electric Light & Power
•
Co.—Registers With
SEC—
June 28 filed a registration statement with the
SEC for $9,000,000 of debentures, due 1976. Net proceeds, together with
The
other
company-on
funds, will be used to redeem $9,515,000 of
12-year 3%%
deben¬
tures, • series due 1950, at 102 %■. The names of the underwriters
determined through competitive bidding.—V. 164, p. 56.
be
will
U<
;•/'/>•
}r'.
>
••-; rf.
i
Volume i64
w,;-><>«>,*
Number 4507
^ ;v.. •;
v'«;-
.x
THE COMMERCIAL' & FINANCIAL" CHRONICLE
;r.
.
<
&s
327
State and City Department
BOND PROPOSALS AND NEGOTIATIONS
if-.".,
<"'*
?
<
*
ALABAMA
i
CaUed-~The;City has elected
hereby, call for
redemption and payment on Sept.
1, at. par plus accrued: interest" t<?
said redemption date, 3% electric
'system refunding revenue antici; pation bonds, dated Sept. 1,.
1941,
•
'
•
Nos; 19 to 63.? The.bonds so called
$ for redemption should be present¬
ed Tor payment at the First Naf
•
•jtional Baink, Tuscuihbia.
'
;
;
ARIZONA
Mohave County School District
j
No* 4 (P. O. Kingman), Ariz,
-h,
Bond Sale
struction
The $125,000
—
bonds
offered
for
com
sale
were awarded to a syndicate composed of John Nuveen
&
j
Co., Barcus, Kindred & Co.,
Chicago, and Refsnes, Ely,
Beck & Co., of
Phoenix, at a price
of .100.05, a net interest cost of
about 1.93%, as follows: For $23,both of
.
.
.'
.
000 maturing July 1, $5,000 in 1949
and 1950, $6,000 in 1951, $7,000 in
;
k
Storey, Secre¬
1947 to 1964. Interest payable F-A.
tary : pf the State Board^ of Fiscal
The next highest bidders were as
Control. Presumably the sponsor
follows:
,• r
1; i
of this proposal failed to secure
the required number of signa¬
Bidder
Price Bid
tures, as was freely predicted by American Trust Co., San
•]'
]* recemly,
.
—
,
"redeem and does
./p.,-;
tibn, and thirdly from the $2,500,- Denomination. $1,000. These bonds Sacramento Municipal Utility Dist.
1947 to 1970. Interest
(P. O. Sacramento),Calif,
funding Act for maintenance and payable F-A.
Bond
Sale
The
$10,500,000
Construction.
series D electric power bonds of
The $22,000 Mt. Diablo School
A proposed initiative petition
1938 offered July 11—v. 164, p. 193
District bonds offered for sale at
seeking submission to the voters the
were
awarded to a syndicate
same time — v. 163, p. 3464—
at the November elections of a
headed by the Bank of America
were awarded to C. N. White &
$150,000,000 Arkansas State High¬
Co., of Oakland, as 2s, at a price National Trust & Savings Associa¬
way bond issue, was not filed with
of 100.45, a basis of about 1.94%. tion, of San Francisco, as 5s, at
the Secretary of State prior to the
Dated Aug. 1, 1946. Denomination par plus a premium of $5,225,627,
July ; 3„ dead-line, according to
$1,000. These bonds are due in equal to a price of 149.76. Only
advices from Frank
000. allocated annually by the Re-, are due in
Tuscumbia, Ala.
Bond Redemption and Payment
•
1952, as iy4s,. $25,000 maturing
July 1 $8,000 in 1953 and 1954,
$9,000 in 1955, as l%s, $37,000 maturing July 1,- $9,000 in 1956 to
1958, $10,000 in 1959, as l%s, and
$40,000 maturing $10,000 July 1,
State officials.
*
'
Francisco, for $100,000
Marion, Ark. '
Bonds Authorized
Council
has
of
ance
The
—-
:
V
;
following
bonds
$81,900:
$61,000
and 20,000 street bonds. !
-
to
-
chase, the
Marion
General
the
Pine
Bluff,
Ark.,
Water
Water
for
a
Savings Asso¬
ciation, San Francisco,
for $157,000 l%s„_.
Works
(P. O. Fresno), Calif.
Bond Offering—Geo. M, Dusen-
price of $36,450.
berry, County Clerk, will receive
sealed
Siloam
Springs Sch. Dist., Ark.
Bonds Voted—An issue of $13,000 school bonds was favorably
voted at an election held recently.
bids
until
10:30
rate
a.m.
on
and
dictated
were
the
by
the
conditions of sale which required
that the district obtain at least
\
'yv
y
will be submitted to the voters at
election to be held in the
an
near
future.
.
Sitkiyou County School Districts
\
(P. O. Yreka), Calif1
Bond
Sale
Of
•
the
$309,000
bonds offered for sale on July 1
—V. 163, p. 58—a block of $259,000
was awarded to a syndicate com¬
posed of the Bank of America
National Trust & Savings Asso¬
—
ciation, Hannaford & Talbot, and
Lawson, Levy & Williams, of San
Francisco, 'These
scribed
bonds
de¬
are
follows:
as
$15,600,000 for the bonds.
This $05,000 JYreka Union Elementary
proviso was occasioned by the fact
School District bonds.
Due
that while the district's bond is¬
in
purpose
limited to $10,higher
sum
was
was
order
of
the
authority will
>.100.29
Fresno County, Roeding Sch. Dist.
Co., of
contract
terest
needed
-100.14
received
was
authority
500,000,
the
Co., for
$22,000 2s
bid
strikingly high premium and in¬
sue
Trust &
R. H. Moulton &
The Council also voted to pur¬
from
4%s, and. $750,000 1 y2S-.100.0l
Bank of America National
City
authorized the issu¬
the
amounting
sewer,
'
one
a'
;:v. -V;.*
*S,<Vj. 7,-V-'
to
achieve
the
financing.
use
The
planned to compete for the issue,
but decided to take no action be¬
attack
of the
on
July 16, for the purchase of $80,000 school bonds, to bear not ex¬
ceeding 5% interest. Dated Aug. 1,
,
School
possibility of
legal
a
the method of sale
em¬
District
bonds.
,
Due
JUly 2, from 1947-1970.
60,000 Mount Shasta Elementary
proceeds of the
sale in the purchase of local prop¬
erties of the Pacific Gas & Elec¬
tric Co.
Three other syndicates
cause
July 2, from 1947-1971,
•87,000
Dunsmuir
Elementary
School
District
bondsl
Due
July 2, from 1947-1971.
17,000 Butteville Union Elemeh-*
tary
Due
School
District
bonds.
July 2, from 1947 to 1963.
Dated July 2, 1946. Denomina¬
tion $1,000. The $50,000 Etna Union
Elementary School District bonds
ployed by the district, according to
also, offered on July 1, as part of
report.
the* above flotation were awarded;
The Bank of America National to the
:
1946. Denomination $1,000. These
Scott Valley Bank, of Etna.
Trust & Savings Association and
CALIFORNIA
Dated July 2, 1946. Denomination
bonds are due $5,000 in 1947 to
associates re-offered the bonds at
1956, and $6,000 in 1957 to 1961.
$1,000,
1960 to 1963, as l%s.
Alameda County, Tennyson
prices to yield from 0.85% to
Principal and interest payable at
Sch. Dist, (P. O. Oakland),
Stanislaus County, Hugkson Ele¬
\ ; Dated June 1, 1946. In addition
2.15%, with a good reception re¬
the County Treasurer's office. A
to the above
Calif.
coupons,5 the entire
mentary Sch. Dist. (P. O.
certified check for $1,000 payable ported. The issue is dated Aug, 1,
issue will bear interest to total
Bond Offering — G. E. Wade,
1938 and due serially on Aug. 1
Modesto), Calif.
'%Vi% for the first 2 years and 7 County Clerk, will receive sealed to the Board of Supervisors, is from
1950 to 1979 inclusive.
In
Bond Offering-r-Seaied Bids will
required with bid.
mon.hs. The next highest bidder bids until 10 a.m. on
July 16, for
addition to being payable froth be received until 2:30 p.m. on
was
Paine, Webber, Jackson1 & the purchase of $18,000 school
Los Angeles County Sch. Dists.
revenues, the bonds are further July 22, by C. C. Eastinr County
Curtis, and Kenneth A. Ellis & coupon bonds, to bear not exceed¬
secured by a pledge of the dis¬ Clerk, for the purchase of $125,000
(P. O. Los Angeles), Calif.
Co., jointly, at a net interest cost ing .5% interest. Dated Aug. 15,
Bond Sale
school bonds. Interest rate is not
The $300,000 La trict's unlimited taxing power.
of 2.03%.
1946. Denomination. $1,000.; Due
to exceed *5%, payable F-A, De¬
Canada School District bonds of*,
San Francisco (City and County),
$1,000 Aug. 15, 1947 to 1964. Bid¬ fered for sale on
nomination $1,000, Dated Aug. 1,
July 9, were
ARKANSAS
ders will be permitted to bid dif¬
1946. Due on Aug. 1; $7,000 in 1947 r
awarded to a syndicate composed
ferent rates of interest and to split of
Bond Offering—Datfid A. Barry, to
Arkansas (State of)
1956, $2,000 in 1957 to 1961, and
Blyth & Co., William R. Staats
rates irrespective of the maturities
Clerk of the Board of Supervisors,
v
Govenior Investigates Attack on
$5,000 in 1962 to 1966. Principal
Co., both of Los Angeles, and
of said bonds. The interest rate
will
receive
sealed
bids
until and interest
Heller, Bruce & Co., of San Fran¬
; State's Credit — Governor Laney
payable at the County
has announced that he is investi- stated in the bid must be in a cisco, as 2s, at a price of 101.611, 10 a.m. on July 15, for the pur* Treasurer's office; Legal approval
gatingconf identialrepor tsof a de- multiple of % of 1%. Principal a basis of about 1.809%. These chase of $2,000,000 series B, air¬ of McCutchen, Thomas, Matthews,
and interest payable at the County
bonds are due $15,000 July 1, 1947 port of 1945 bonds, to bear not Griffiths & Greene of San Fran¬
j liberate
a.tempt to impair the
value of Arkansas highway bonds Treasurer's office. Enclose a cer¬ to 1966. Dated July 1, 1946. De¬ exceeding 6% interest. Dated June cisco, Will be furnished to the
tified check for $250, payable to
and disturb the State's credit,'
1946. Denomination $1,000. purchaser. A certified check for
nomination $1,000. Interest pay¬ 15,
These bonds are due $500,000 on 2 % of the bonds bid
Seriousness of the situation was the County Treasurer.
able J-J.
for, payable
Junb 15, in 1948 to 1951. The in¬ to the
emphasized when the State Fiscal
Chairman of the Board of
The $24,000 Bloomfield School
Brentwood, Calif.
terest rate stated in the bid must
Control Board was informed
Bonds Voted—An issue of $20.- District bonds also offered on
Supervisors, must accompany the
by
July be in a
one
of
the
multiple of V\ of i% per bid.
largest
investment 000 sanitary
sewer
bonds was 9, were awarded to the Bank of
annum,
payable
semi-annually.
banking firms handling Arkansas favorably voted at the election America National Trust &
Sav¬
Stanislaus County, Oakdale Joint
Principal and interest (J-D) of
Highway bonds that the S.ate's held on June 18.
ings Association, of San Francisco,
Union High School District
said bonds are payable at the of¬
integrity was being attacked by
as 2y4s, at a price of
100.28, a basis fice of the Treasurer of the
CP- U. Modesto), Calif,
; nationally-circulated rumors.
Byron-Bethany Irrigation District of
City
about 2.213%. Dated July
1, and
Bond Sale—The $360,000 school
(P. O. Byron), Calif.
•Kb: The
County or, at holder's option,'
company
underwrote
a
1946. Denomination $1,000. These
at the fiscal agency in the City -bonds offered for sale on July ,8
Bond Sale Details—The $275,000
I large block of the State's $136,bonds are due July 1, as follows:
v, 163, p, 3334 — were awarded
of
New York* Said bonds are
000,000 highway bonds that were third refunding issue bonds
$1,000 in 1947 to 1950, and $2,000
I refunded
in 1941.' This
general obligations of the City and to the Stockton- Savings and Loan
Chicago awarded on June 10 to Hannaford in 1951 to 1960. Interest
payable
firm and others at New York and &
County.
The
legal
opinion
of iBank, of StOckton, at a price of
Talbot, of San Francisco — v. J-J.
Nashville, asked the Board for 163, p. 3334—were sold at ai price
Orrick, Dahlquist, Neff, Browi & par, a net interest cost of 1.04%,
Los Angeles County, Inglewood
reassuring statements soon after of par, a net interest cost of about
Herrington, of San Francisco, ap¬ as follows: for' $90,000 maturing
O. N. Lawrason of Batesville cirElementary Sch. Dist. (P. O. j < proving the validity of said bonds $30,000 Aug. 1, 1947 to 1949 as
2.46%, as follows: For $50,000 ma¬
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culated
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initiate
•
the
petitions
seeking, to
act that would pernait
an
State
to
issue
an
additional
$150,000,000 of highway bonds.
The Investment firm, which the
,
Governor did not name, expressed
'
deep
concern because the Lawra-
: son measure
new
bonds
obligations
payment
of
proposed to make the
"direct
of
the
which
and general
State for the
is
full
faith
'Los Angeles), Calif.
turing $10,000 July 1,1947 to 1951,
as
Bond Election—An issue of $1,4s, $30,000 maturing $10,000
July 1, 1952 to 1954, as 3s, $100,000 500,000 construction bonds will be
maturing July 1, $10,000 in 1955, submitted to the voters at the
$15,000 in 1956 to 1961, as 2&s, election to be held on Sept. 27.
and $95,000 maturing July
1, $15,000 in 1962, and $20,000 in 1963 Los Angeles County, South Santa
Anita Sch. Dist.
to 1966, as 2y4s. Dated
(P. O.
July 1,
Los Angeles), Calif.
1946. Denomination
$1,000. Inter¬
will be furnished
Bond
school
Contra Costa
Sale
bonds
—
The
offered
for
$200,000
sale
on
success¬
ful bidder without charge. Enclose
certified check for
a
$5,000,
pay¬
1Y2S,
$180,000
:
maturing
$30,000
Aug. 1, 1950 to 1955 as %s, and
$90,000 maturing $30,000 Aug. 1,
l&s. Interest pay¬
able to the Treasurer of the City
1956 to 1958
and
able F-A. The next highest bidder
was the Bank of America National
County. Bidders
requested
(but not required), to supply an
are
as
Association, San Francisco, for
the $60,000 4s, and '300,000 l^s, at a
bids, price of 100.04, a net interest cost
estimate of the total net interest
cost to the
"
est payable J-J.
to the
basis •
which
of
City and County
respective
their
shall
be
considered
on
.
as
in¬
formative Only and not binding on
of
1.19%.
-
County Sch. Dists.
Tulare Count?j Pleasant View
July 2 — v. 163, p. 3334 — were either the bidder or the City and
(Pu O. Martinez), Catif.
i;
Sch, Dist, (P* O*
awarded to the Bank of America County.
The $850,000 Pit'sVisalia), Catif.
Laney has issued" a
National Trust & Savings Asso¬
J
San Luis Obispo County, Water
Unified School. District
statement saying that it was "un¬ burgh
Bonds Offered — Bids were re¬
ciation, of San Francisco, as l3/4s,
Works District No. 6 (P. O.
thinkable" to issue more bonds bonds offered for sale on July 1
ceived until July 9, by Gladys
at a price of
;
:
101.099, a basis of
Sari Luis Obispo), Calif»
when the State is able to pay as ---v. 163, p. 3334—were awarded
Stewart, County Clerk, for the
about 1.62. Dated July 1, 1946;
Bond- Offering — Sealed bids purchase of $50,000 not exceeding
% it goes^^u^b% to the Bank of America National Denomination
$1,000. These bonds
Trust & Savings
A $40,000,000 construction
will be received until 2 p.m. on 5% school bonds. Denomination
Association,-of are due
pro$10,000 from July 1, 1947
,. gram
in the next three; years is San Francisco, at a price of 100.- to
29, by Gwen Hourihan, $1,000. Dated :July 1, 1946. Due
1966. The next highest bid was July
assured, Mr,
Storey' said. The 058, a net interest cost of about by
County Clerk, for the purchase of $5,000 from July 1, 1947 to 1956,
Blyth & Co., William R. Staats
State would pay half and the Fed1.56%, as follows: for $80,000 ma¬
$37,000 4% water works bonds. inclusive. Principal and interest;
Co., and Redfield & Co., ■ jointly,
V era! Government would match turing $20,000 Aug. 1, 1947 to 1950.
Denomination $500. Dated July 1, J-J payable at the County Treas¬
for 2s, at a price of 101.717,
that amount..
as 5s, and $770,000 maturing Aug.
I
1946. Due over a period of 19 urer's office.
The State's half would come 1, $20,000 in 1951, $30,000 in, 1952
; Palo Alto, Calif.
years, commencing July 1, 19471
:J from the - balance in the State to 1956, and $60,000 in 1957 to
Ventura County, Moorpark Ele¬
Bonds Voted — The following Interest
payable J-J. A certified
Highway Construction fund, which 1966 as iy2s. Interest payable F-A.
mentary Sch.~ Dist. (P. O.
was $7,472,976.87 on June 21. The
Dated Aug. 1, 1946. Denomination bonds amounting to $600,000, were check for 10% of the amount bid
Ventura), Calif.
maintenance balance at that time $1,000. The issue of
Bond Offering — • Sealed bids
$157,000 Lafa¬ approved at the election; held on is required.
was
$1,029,783.71, and a $2,200,000 yette* School District bonds also June 25:
will be received until 10 a.m. on
$175,000 sanitary sewage
San Mateo County, Los Lomitas :
surplus in the-'highway reventie offered for sale on July 1—v,
163,
July
16, *by, L.
E. Hallowell,
system; $140,000 storm sewer sys¬
fund at the close of the bond
Sch. Dist, (Pi O. Redwood
year p. 3334— was awarded to Weeden
County Clerk, for the purchase of
March 31, 1946. This excess above &
City), Calif.
Co., of San Francisco, as l%s, tem; $135,000 water system; $40,$67,000 school bonds. Interest rate
'
requirements of the 1941 Refund- at a price of 100.53, a basis of 000 gas system, and $110,000 elecBond Election Planned—An is¬ is not td exceed
3%, payable J-J.
ing Law can be used for construc-about 1.71%. Dated
Denomination $1,000. Dated July
sue of $130,000 construction bonds
Aug. 1, 1946.
trie distribution system bonds.
and
.
are
•
credit
and
all
its
resources
irrevocably pledged."
Governor
Bond Sale
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;u3iw;iK:;vv;,?-;..'
Monday, July 15,
THE COMMERCIAL & FINANCIAL CHRONICLE
INDIANA
15, 1946. Due
on July 15 as fol¬
$7,000 in 1948 to 1956, and
$4,000 in 1957. No legal opinion
will
be
furnished.
A
certified
check for
2%
payable to the
price of $7,000 in 1948 to 1951, $8,000 in purchase of the following bonds
1952 to 1955, $9,000 in 1956 to 1958, amounting to $560,000, to bear not
and $10,000 in 1959 to 1966. Bonds exceeding 4% interest:
•
maturing June 1, 1950 to 1966, are $260,000 school district No. 30
subject to redemption on any in¬
bonds. Due Feb. 15, as folterest payment date on or after
lows: $9,000 in 1947, $10,000 in
June 1, 1949, at par plus a pre¬
1948 to 1950, $11,000 in 1951
mium of % of 1 %, for each; year
to 1953, $12,000 in 1954 t6.
or fraction thereof to elapse^ bef
1956, $13,000 in 1957 arid
tween the redemption date and
1958, $14,000 in 1959 and 1960;
the stated maturity date of the
$15,000 in 1961 and 1962, $16,*
respective bonds, in inverse order
000 ill 1963, $17,000 in 1964
County National Bank,
of Red of their numbering. Principal and
and' 1965, and $18,000 in 1966,
Oak, as I V4S, at a price of 101.125, interest payable at the Southern
200,000 school district No. 22
a
basis of about 1.11%.
These
Deposit Bank, Russellville. Said
bonds.
Due Feb. 15, as fol¬
bonds are due on March 1; as fol¬
bonds, authorized by an ordinance
lows; $10,000 in 1947, $11,000
lows: $2,000 in 1947, $3,000 in 1948
duly adopted June 4, 1946, by the
in 1948 to 1950, $12,000 in
to 1961, and $4,000 in 1962 to 1965.
Mayor and City Council, and are
1951 and 1952, $13,000 in 1953
Interest payable M-S.
The next issued
by virtue of authority given
and 1954, $14,000 in 1955 and
highest bidder was Wheelock & to the
City under provisions of
1956, $15,000 in 1957 and 1958i
Cummins, for IV4S, at a price of
Section 96.350
to 96.510 of the
of Des Moines, as 2s, at a
100.60—v. 163, p. -59—mature on
Attica, Ind.
Nov. 1, as follows: $2,000 in 1947
Bond " Sale—-The' $8,000 refund¬
to 1963, and $3,000 in 1964 and
ing bonds offered for sale on Jan.
1965, giving basis of about 1.935%.
11, were awarded recently to
County Clerk, is required with Raffensperger, Hughes & Co., of Dated July 1, 1946. Interest pay¬
able M-N.- — bid.---1
Indianapolis, as IYa s, at a price of
100.209, a basis of about 1.20%.
Red, Oak* Iowa: u • ,'■*i.
CONNECTICUT
Interest payable J-J.
Bond" Sale—The $60,000 airport
v
Stratford, Conn,
bonds offered for sale on July 1,
Hymera, Ind.
Bond Sale—The $256,000 series
were awarded to the Montgomery
Bond Offering — William L.
lows:
?
i
i?46;
■
,
of 1946, sewer bonds offered for
sale pn July 10—v. 163, p. 2906—
Were awarded to the Stratford
v
Williams, Town Clerk-Treasurer,
receive, sealed
bids
until
will
8
•
a
1, 1946. Denom. $1,000.
are
due $16,000 on
Dated Aug.
bonds
These
Aug. 1, from 1947 to 1962, inclu¬
Interest payable F-A.
sive.
State
approved by Chapman & Cutler,
p.m.
on
as Is, at a price of
phase of
basis of about 0.982 %. revenue
Co.,
.
100.14,
July 30, for the pur$117,000 water works
bonds, to bear not ex¬
ceeding 4% interest, Dated July
1, 1946. Denomination $500. These
bonds are; due July 1, in 1949. to
J986. Rate of interest to be in
101.10.
multiples of V\ of 1%. The opinion
of
Trust
;
FLORIDA
Ross, McCord, Ice & Miller, of
ILee bounty Sch, Dist. No. 2 (P90.
Indianapolis, approving the legal¬
Fort Myers), Fla.
ity of said bondsj together with a
Bonds Voted — The $1,000,000
transcript of the proceedings had
school bonds were'favorably voted
relating to the issuance of the
at thg election held recently. At
bonds, will be furnished to the
presOht the bonds are in process
purchaser at the expense of said
.
of
beijig validated.
Wauchula, Fla.
Tenders
Offered
hi
j:
Town. A certified check for
Bond
payable
Sam
—
to
company
ceived
that
bids
no
must
ac¬
Salem, Ind.
re¬
were
Town,
bid.
Southerland, City Clerk, has an¬
nounced
the
$2,500,
Bond Offering
July 1, in regard to the
call for tenders of the above City's
—
on
Ruth Meadors,
City Clerk-Treasurer, will receive
sealed bids
refunding bonds, issue of 1942.
23,
until 2
on July
of $225,000
p.m.
for the purchase
KENTUCKY
of
>
issue
works
University of Kentucky (P. O.
Lexington),
of
& Boyce,
Co., both of
by Stein Bros.
and the Bankers Bond
Louisville, jointly, for public sub¬
scription.
Denomination
$1,000.
Dated July 1, 1946. Due serially
from Jan. 1, 1947 to 1955, incl.
The above companies are also
offering
another
for general subscription
issue
of
$32,000 1%%
bonds.
Bonds Sold
—
works
revenue
coupon
refunding
No.
15,
as
29
fol1949,
to
000 2% and 1%% dormitory reve¬
nue
Feb.
Due
$5,000 in 1947 to
$6,000 in 1950 to 1953, $7,000
in 1954 to 1957, $8,000 in 1958
1960, and $9,000 in 1961.
:
Ky.
An issue of $430,-
bonds of 1946 bonds were pur¬
Dated Aug. 15, 1946. Denomina¬
syndicate tion $1,000. The approving opinion
composed of the Bankers Bond of Wood, Hoffman, King & Daw¬
Co., Almstedt Bros., Stein Bros. & son, of New York City, will be
Boyce, J. J. B. Hilliard & Son, furnished. Each bid must be ac¬
all of Louisville, J. D. Van Hooser companied by a cashier's or cer¬
& Co., the Security & Bond Co., tified check for 3% of the amount
both
of
Lexington, Edward
G. of bonds of each issue, payable to
chased
recently
by
a
Denom¬
Taylor & Co., and Fox, Reusch &
Co., both of Cincinnati. Dated
bonds, to bear not exceeding 3%
June 1, 1946. Due on June 1 in
Muscogee County (P. O.
interest. Dated Jan. 1, 1946. De¬
1949 to 1976, inclusive. Principal
1957. incl.
Columbus), Ga.
nomination $1,000. Due July 1, as
On both issues principal and in¬ and interest (J-J) payable at the
*'
Bond Election.— The following follows: $5,000 in 1948 to 1950,
terest
(J-J) are payable at the Security
Trust
Co., Lexington.
bonds amounting to $1,950,000 will $6,000 in 1951 to 1955, $8,000 in
First National Bank of Cincinnati. Coupon bonds in denomination of
be submitted to the voters at the
1956 to 1965, and $10,000 in 1966
Each of said issues is subject at $1,000, registerable as to princi¬
election to be held on July 17:
to 1975. Redeemable at the option
the option of the city to prior pal only. Non-callable to and in¬
of the City on any interest pay¬
$800,000 road paving bonds.
redemption in whole or in part, cluding June 1, 1951; thereafter
ment date in inverse numerical
'500,000 county airport improveto and including June 1, 1956, at
upon 30 days notice. Legal opin¬
ment bonds.
order, on 30 days' notice by pub¬ ions on both issues to be furnished
103; thereafter at 100; in inverse
lication, at par plus the following
100,000 county parks bonds.
by Skaggs,
Hays & Fahey of ordering of numbering, on 30
300,000 water main extensions premiums: 8% if redeemed on or Louisville.
days' published notice. Legality
before Jan.
bonds:
1, 1951; 6% if re¬
approved by Chapman & Cutler
Hazard, Ky.
*100,000 sewer main extensions deemed after Jan. 1, 1951, and on
of Chicago.
or before Jan. 1,
"bonds, y"
Bonds Purchased — The follow¬
1961; 2% if re¬
.
water
GEORGIA
sewer
lows:
.
district
school
100,000
,.
bonds.
$43,000 1%% water
refunding bonds is being
offered
Chicago.
$16,000 in 1959 and 1960, and
$17,000 in 1961.
Legality
Statutes,
Hazard, Ky.
Bonds Offered for Investment—
An
Revised
•
the School Board.
ination $1,000.
Dated July 1, 1946.
Due serially from Jan. 1, 1947 to
Church
Bond
Point, La.
Offering
—
E.
G. Brouil-*
...
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'450,000 new health center building bonds,
:
J
deemed. jafter Jan. 1, 1956, and on
of"before'Jan. 1, 1961; 2% ir re¬
deemed
IDAHO
Lincoln County Sch. Dist. No.
IS
(P. O. Moyle Springs, Idaho
Bond Sale — The $2,500 im¬
provement bonds offered for sale
on Feb, 16, were awarded to the
•First State Bank, of Libby, as 3s,
a:price' of 100.40. Interest payable
nJ-D.
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ILLINOIS .:i
after
ing
1%%
refunding
bonds
amounting to $75,000 were pur¬
LOUISIANA
Jan.
1, 1961, and chased recently by Stein Bros. &
prior to maturity. Registerable as Boyce, and the Bankers Bond Co.,
to principal only. Principal and both of Louisville, jointly:
Bienville Parish (P. O.
Louisiana
lette,
Town
Clerk,
will
sealed bids until 7 p.m. on
receive
Aug. 1,
purchase of the following
bonds amounting to $120,000, to
bear not exceeding 3% interest:
for the
$80,000 improvement bonds.
En¬
close a certified check for $2,500, payable to
the Mayor.
40,000 improvement bonds.
En¬
close a certified check for $1,500, payable to the
Mayor.
1946. Denomina¬
tion $1,000, and/or $500. Interest
payable F-A.
Dated Aug. 1,
Lake Charles,
Arcadia),
La.
$750,000 school
Bond Legality Approved —An bonds offered for sale on July 2
interest payable at the Farmersv. 163. p. 3189—were awarded to
$43,000 water works bonds.
Due issue of $42,000 3% excess rev¬
Citizens! $tate Bank of Salem.
Jan. 1, as follows: $4,000 in enue refunding bonds has been ap¬ White, Hattier & Sanford, of New
Rate interest to be in multiples of
Dated
1947 to 1948, $5,000 in 1949, proved as to legality by Charles Orleans, and Associates.
Yi of 1%. The approving opinion
$4,000 in 1950, $5,000 in 1951, & Trauernicht, of St. Louis. Dated July 1, 1946. Denomination $1,of Ross, McCord, Ice & Miller, of
000.
These bonds are due from
$6,000 in 1952 and $5,000 in Feb. 1, 1946.
Indianapolis, together with a
1953 to 1955.
July 1, 1947 to 1976.
Bienville Parish Sch. Dists. (P. O.
transcript of proceeding had re¬
32,000 sewer bonds. Due Jan. 1,
Rapides Parish, Forest Hill
lating to tlie.' issuance of said 11 ' as-follows: $2,000 in 1947; $3,-t. Arcadia), La.
Sch. Dist. No. 16 (P. O.
2'
^000 in 1948 and 1949; $4,000 in t Bond Offering — J. A. Shelby,
h^rids, awiil: be^^hished, to the
Alexandria), La.
purchaserl at^ the 'ekpense of the
1950, $3,000 in 1951 to 1953, Secretary of the Parish School
Bond Offering — H. M. Wells,
City. Enclose a certified check for
$4,000 in 1954, $3,000 in 1955 Board, will receive sealed bids un¬
Secretary-Treasurer of the Parish
$5,000, payable to the City.
and 1956, and $1,000 in 1957.
til 11 a.m. on July 30 for the pur¬
School Board, will receive sealed
of
the
following bonds
Dated July 1, 1946. Denomina¬ chase
Wayne Township Indep. Sch. Twp.
bids until noon on Aug. 14, for
$320,000, not ex¬
tion $1,000. Each of said issues is amounting to
(P. O. Fort Wayne), Ind.
the purchase of
$45,000 school
Bond Offering — It is stated by subject to prior redemption in ceeding 4% interest:
coupon bonds.
Trustee Walter F. Hayes that he whole or in part in inverse nu¬ $120,000 Con. School District No.
31 bonds. Due Aug. 1, as fol¬
will receive sealed bids until July merical order on any interest pay¬
St. Bernard Parish Water Works
ment date, upon 30 days' notice,
lows: $7,000 in 1947 to 1950,
Dist. No. 1 (P. O.
i
30^ for the purchase of the $30,000 to and
Including Jan. 1, 1951, at
Chalmette), La.
1
$8,000 in 1951 to 1957, and
building bonds, offered originally
103; and thereafter to and includ¬
on July 9. Interest rate is not to
$9,000 in 1958 to 1961.
Bond Sale — The $350,000 pub¬
ing Jan. 1, 1954, at 102;'and
exceed 3%, payable J-J.
75,000 Con. School District No. lic improvement bonds offered for
thereafter, if called prior to ma¬
35 bonds. Due Aug. 1, as fol¬
sale on July 8—v. 163, p. 3465
»
IOWA
turity at 101, and interest. Prin¬
lows: $4,000 in 1947 and 1948,
were awarded to a syndicate com¬
cipal and interest payable at the
$5,000 in 1949 to 1959, and
Baxter Independent School District,
posed of the Equitable Securities
First National Bank, Cincinnati.
$6,000 in 1960 and 1961.
Iowa
Corp., White, Hattier & Sanford,
Legality
approved
by
Skaggs,
75,000 School District No, 28 Kingsbury & Alvis, Scharff &
Bond Sale—An issue of $6,000
Hays & Fahey, of Louisville.
bonds. Due Aug. 1, as follows;
Jones, all of New Orleans, and the
school bonds offered for sale on
$3,000 in 1947 to 1953, $4,000 St. Bernard Bank & Trust Co., of
Jan. 14, was awarded recently to
Kentucky (State of)
in 1954 to 1964, and $5,000 in
Aribi at a price of 100.011, a net
Shaw, McDermott & Co., of Des —$191)00,000 Surplus Expected —
1965 and 1966.
<;
/
interest cost of 1.89%, for bonds
Moines, at a price of 103.08, a The,
State's general fund surplus
50,000 Con. School District, No, bearing 3 %% interest from the
basis of about 2.34%, to maturity.
which reached $17,77,7,251 on July
33 bonds. Due Aug. L as fol¬ date of said bonds to July 1, 1947,
Interest payable J-J.
2, is expected to increase to about
lows: $2,000 in 1947 to 1956, as
l%s, thereafter to maturity.
Des Moines, Iowa
$19,000,000 by the end of the ac¬
and $3,000 in 1957 to 1966.
Dated July 1, 1946. Denomination
Bond Sale
The $150,000 air¬ counting period on Sept. 30. Gen¬
Dated Aug. 1, 1946. Denomina¬ $1,000. These bonds are due on
eral fund receipts in the fiscal
port bonds offered for saie re¬
tion $1,000. Principal and interest July 1. from 1949 to 1966. Interest
cently, were awarded to the Iowa- year ended June 30 last aggre¬
payable at the First National payable J-J.
,
t
Des
Moines National Bank & gated $42,970,473, while approBank, Arcadia, or at the Chase
St. Landry Parish Consolidated
Trust Co., of Des Moines, as Is, oriations totaled only $34,539,563.
National Bank, New York City.
Sch. Dist. No. 1 (P. O.
1
at a price of 100.55, a basis of The resultant surplus, plus that of
The approving opinion of Chap¬
Opelousas), La.
about 0.84%. Dated July 1, 1946. $9,346,341 at the close of 1944man & Cutler of Chicago, will be
These bonds are due $30,000 on 1945 fiscal period, increased the
Bonds Purchased — The $1,000,furnished the purchaser without
July 2 free cash balance to $17,on Nov. 1, in 1947 to 1951. Interest
000 school bonds was purchased
cost to > him. Enclose a certified
777,251.
'
recently by a syndicate composed
payable M-N.
check for not less than 2% of the
of the Equitable Securities Corp.,
Russellville, Ky.
amount of the issue, payable to
Harlan, Iowa
Treasurer
Parish 1 School Stranahan, Harris & Co., Inc., of
Bonds Purchased
An issue of the
Bonds Voted—The $100,000 me¬
Toledo, National Bank of Com-*
morial building bonds carried at $172,000 2Y\% water works rev¬ Board, must accompany each bid.
merce,
Scharff & Jones, White!
enue
bonds' was purchased re¬
the election held on June 11.
Calcasieu Parish Sch, Dists. (P. O. Hattier & Sanford, all of New
Bond Saie—The
•
'
Edgar County (P. 0, Parts), III.
.'
Bond
Election
■—
An
of
issue
$952,000 road bonds will be sub¬
mitted to the voters at election to
be held
July 30.
Greenfield, III.
on
Bond Legality Approved — An
issue of $10,000 2%% street im¬
provement bonds has been ap¬
proved as to legality by Charles &
Trauernicht, of St. Louis. Dated
1, 1946. These bonds were
favorably voted at the election
June
held
May 31.
on
Hamilton County
Ct-
(P. O. McLeansboro), III.
°
«
Proposed Bond Election-—An is¬
sue
of
$200,000 road construction
bonds
wil
be
submitted
voters at
an
the
future.;
*
near
to
the
election to be held in
^vy('
i
•'
Panther Creek Township (P. O.
Chandler ville), III.
Bonds Voted—An issue of
$40,4)00 road construction bonds car¬
.
ried at
election held recently.
an
•
'
Phillips Township (P. O, Crossville), III.
Bonds Sold
construction
the
election
The $50,000 road
authorized at
held
April 20,
as 2.40s.
These bonds are due $5,000 on
Jan. and July 1, in 1947 to 1951.
Interest payable J-J.
were
"
-—
bonds
sold
on
on
April 23,
Stanford, III.
Bonds
/.
;
,
v
000
Sold—An
street
bonds
<
,
—
—
of $6,cently by a syndicate composed
purchased Henderson Consolidated Sch. Dist., of Stein Bros. & Boyce, Almstedt
issue
was
:
Bros.,
recently by E. Bohlapder & Co.,
of
Bloomington. These bonds
authorized by
were
the Village Council
last March.
Bond Sale Details—The
$40,000 all of
school building bonds awarded re¬
cently to Shaw, McDermott & Co.,
1946.
and the Bankers
Louisville.
Dated
Denomination
June 1, as
Bond Co.,
June
$1,000.
1,
Due
follows: $5,000 in 1947,
J Orleans, Barrow, Leary & Co., of
Lake Charles), La.
•vf
Bond Offering
Secretary
Board,
uutii
i0
of
will
a.m.
—
the
H. A. Norton,
receive
011
School
Parish
sealed
Hug. t>,
ior
r-y
bids
tne
Shreveport, Kingsbury & Alivs,
& Crane,- Weil & Arnold,
John Dane and Lamar & King¬
Glas
ston, all of New Orleans, at a net
'
.
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4507
[Volume 164
'V
■
■
.
45,000 water construction bonds.
Due $3,000 on July 15 from
interest cost of 1.70%, as 'follows:
$700,000 maturing June 1, $83,000
in 1948 $84,000 in 1949, $86,000 in
$87,000 in 1951, $88,000 in
1952, $89,000 in 1953, $91,000 in
1954, $92,000 in 1955 as l%s, and
1950,
1947 to 1961 inclusive.
•;
,
Each issue is dated July 15,1946;
J
Denominational,000.
Bidder
to
interest,
Aug. 1,1946. These bonds are due
$5,000 on Aug. 1, 1947 to 1950.
,
for sale ori
July 9—v, 163, p. 60—
awarded to
were
posed
of
syndicate
a
Phelps,
Fenn
com¬
& Co.*
Corp.,
Mich.^'^ '^v
F. S,
redemption at
,
r
4
.
—
—
Enclose
a
certified check for 1%
amount of bonds bid for,
the
payable to the Commission.
MASSACHUSETTS
4
Boston, Mass.
*
Bond
Offering
bids
sealed
until
Bank
Newton-Waltham
&
Trust
Co., of Waltham, as Is, at a
price of 100.90, a basis of about
0.83%. Dated July 1, 1946. These
bonds are due July 1, 1947 to
1956. Interest payable J-J. De¬
nomination $1,000 each.
F.
Henry
—
the
Stoneham, Mass.
Note Sale—The following notes
Brennan, City Treasurer, will re¬
ceive
noon
i(EDST) on July 18 for the pur¬
chase of $6,285,000 coupon bonds,
divided as follows: T'
amounting to $128,000 and offered
for sale recently, were awarded to
the Day Trust Co., of Boston, as
$2,900,000 municipal relief bonds
Is, at a price of 100.477, a basis of
about 0.87%:
of
1945.
ally
*
on
Due
$580,000 annuAug. 1 from 1947 to
1951 inclusive.
.$!'■
500,000 departmental equipment
bonds,,Due $100,000 annually
on Aug. jL from 1947 to 1951
inclusively.'...'^''7
;
$41,000 sewer bonds.
37,000 street construction bonds.
50,000 water mains extension
payable J-J.
The next
bidder Was the Second
i
v.
i
highest
temporary housing
World War II veterans bonds,
Due $50,000 annually on Aug.
Waltham, Mass.
The $300,000 tem¬
porary notes offered for sale on
*1,500,000 public ways construc- July 9, were awarded to the New¬
tion bonds. Due $150,000 an¬ ton-Waltham Bank & Trust Co.,
nually on Aug. 1 from 1947 to of Waltham, at a discount of
1956 inclusive.
0.475%. Dated July 9, 1946. These
notes are due Nov. 1, 1946. De425,000 building construction and
nmoination $50,000, $25,000
and
acquisition bonds. Due Aug. 1
$10,000.as follows: $25,000 for 1947 to
1951
inclusive, and $20,000
MICHIGAN
Note Sale
—
1 from 1947 to 1951 inclusive.
t
from
<
1952
to
1966
inclusive.
100,000 building construction and
land
J
acquisition bonds.
1966 inclusive.
,
610,000
sewerage
bonds.
Due
Aug. 1, as follows: $25,000 in
'
1947
}
and
1948,
and
$20,000
from 1949 to 1976 inclusive.
All of the bonds will be dated
Aug. 1, 1946, and be ready for de¬
livery on Aug. 16. Bidder to name
{
rate of interest in multiples of
•of 1 %; no bid to be less than par
and accrued interest and a differ¬
ent
Adams Township Sch. Dist.
rate of interest may be bid
for all but no part of each issue.
(P. O.
to
be
of the
the option
at
purchaser. Principal and interest
payable at the Grosse
Pointe
Bank, Grosse Pointe.
Bids shall
be conditioned upon the unquali¬
fied
of the
opinion
purchaser's
attorney approving the legality of
the notes. The cost of such opin¬
ion and the cost of printing the
notes
shall
chaser.
be
Enclose
paid by the pur¬
a certified check
for 2% of the notes,
payable to the
Township Treasurer.
since the
date. Bidders
—
of the State
to
are
payment
the rate
name
must accompany
bid.
m>)
Bond
Offering
.
Prairie),
Round Prairie (P. O. Long
Minn.
:
.
Leo
—
Clerk of the Board of
Tabott,
Supervisors,
wil receive sealed bids until 2 p.m.
July
on
$30,000
22
for
road
the
and
bonds. Dated July
purchase
bridge
of
coupon
1, 1946. Denom¬
ination .$1,0007 Due: $2,000 Jan^l,:
1948 to 1962. Bidders to name a
single rate of interest in a multiple of lk or one-tenth o|s,l%.
Principal and interest payable at
suitable bank
or trust., com¬
designated by the purchaser.
approving opinion of Dorsey,
any
pany
The
Colman, Barker, Scott & Barber,
of Minneapolis, will; be furnished.
Enclose a certified rtieck fort$600^
payable to the Town Treasurers
*
'
\
Willmar, Minn.
Certificate
certificates
fr
Sale—The
of
fered for sale
$25,000
indebtedness
Of¬
July 8—v. 164,
on
194—-were awarded to the First
National Bank, of Minneapolis, as
p.
Is, at
price of 100.03,
a
basis of
a
due
July 1, from 1947 to 1950.
payable J-J.
The next
highest bidder was the Bank pf
on
Interest
Willmar* and First Security Na¬
tional Bank, Willmar, jointly, for
2s, at a price of 100.10.
MISSISSIPPI
and local units
about
$229,000,000
as
of Dec; 31,4945. This represents
the lowest
total
debt reported
.
the
since
State
began collecting
comparable information in 1927.,
Total
debt
reported,
including
Bond Bid Rejected—^ The only
bid received for the
$100,000 in¬
plant bonds offered for
sale on July 1 — v. 164, p. 60 —
was rejected.
^
dustrial
debt of the State government, was
$352,000,000. It had reached
high of $359,000,000 at the end
the
$229,000,000
long
and
the State owed
the November, general
reported,
$72,000,000; coun¬
The $30,000 flood
—
protection bonds offered for sale
on
Of
short-term indebtedness
Greenwood* Miss.
.
Bond Sale
July 2
awarded
merce,
163, p. 60
v.
—
to
the
of Greenwood,
price of 100.07,
—
of
Bank
were
Com¬
3A s, at
as
a
basis of about
a
Bonds Voted—An issue of $30,000 construction bonds carried at
the election held
on
derived
sales tax.
one-third of the revenues
from the State's 3-cents
Royal Oak Township Sch. Dist.
No. 7 (P. O. Berkley), Mich.
No
Tenders
—
Edward
Parkin,
Secretary of the Board of Educa¬
tion, has announced that there were
no tenders received on July 8 in
regards with the calls for series
A, issue of 1937, refunding bonds,
Dated Sept. 1, 1937.
Mr. Parkin
also informs us that he is calling
payment on Sept. 1, the above
an amount of $15,000.
bonds in
1
sive
of
school
bonds, accounted
for $51,000,000
and $20,000,000,
respectively, of total city and vil¬
lage debt. The Twin Cities' school
debt amounted to
more
than $11,-
000,000 for Minneapolis, and
nearly $9,000,000 for St. Paul and
is included in the
$45,000,000
re¬
ported for the school districts.
Pope County Indep. Consolidated
Sch. Dist. No. 8 (P. O.
Bond
Compton Township (P. O. Deer
Creek), Minn.
Bond Sale—The following bonds
amounting to $207,500, offered for
sale on July 2, were awarded to
Paine, Webber, Jackson & Curtis,
000 road construction
and McDOnald-Moore &
Sale
—
The
of
highest bidder was bank
Greenwood, for %s, at a price
of 100.066.
Jasper
Heidelberg
County,
solidated Sch. Dist.
Con¬
(P. O.
Bay Springs), Miss.
Bond Sale
—
The
$75,000 school
bonds offered for sale
v.
164,
p.
July 2—
on
60—were awarded to the
Bay Springs Bank, of Bay Springs,
Associates.
and
<
Denominations
$1,000 and $500. These bonds are
Glenwood), Minn.
MINNESOTA
June 22.
Dearborn, Mich.
The next
Commission, less than $1,000,000.
Mr.
Golling said the debt of
Minneapolis and St. Paul, exclu¬
due in 1947 to 1966.
Madison County
Supervisors Road
District No. 3 (P. O*
$71,000
re¬
funding bonds offered for sale on
July 9 — v. 164, p. 194 — were
Canton), Miss.
Bonds Sold
—
000 road bonds
,
An issue of $100,purchased re¬
June 22.
"Bonds Voted
—
Aft issue of 15,-
bonds
was
awarded to the Northwestern Na¬
tional
Bank, and the First Na¬
was
cently by a syndicate composed of
Harrington & Co., of Jackson, Max
tional Bank, both of Minneapolis,
T. Allen Co., of Hazelhurst. and
jointly, as 1V4S, at a price of 100.the J. G. Hickman Co., of Vicks§o., both
201, a
basis of about 1.223%,
of Detroit, jointly, as Is, at a price
Dated July 1, 1946. Denomination burg, at a price of 100.233. a net
Holding (P. O. Holding ford),
of 100.033, a basis of about 0.99%:
interest cost of about 1.17%, as
am
Minn.
$1,000. These bonds are due on
follows: $32,500 maturing May 1,
$108,000 district No. 418 bonds.
Bond Sale
The $9,000 road July 1, from 1949 to 1962. The
$5,000 in 1947 and 1948, $7,500 in
1
Due on June 1, from 1947 to and
bridge bonds offered for sale next highest bidder was J. M.
1949 to 1951 as 2V2s, and $67,500
1951 inclusive.
"
Dain & Co., for 1 %s, at a price of
on July 2 — v. 163, p. 3465 —
maturing $7,500 May 1, 1952 to
91,500 district No. 419 bonds. Due were awarded to E. J. Prescott 100.142.. Interest payable J-J.
1960 as Is. Dated May 1, 1946. In¬
on June 1, from 1947 to 1951
& Co., of Minneapolis, Dated July
terest payable M-N. Legality ap¬
:
Randolph Sch. Dist, Minn.
y inclusive. ; 7
;
1,1946. These bonds are due $1,000
Bonds Voted—An issue of $15,- proved by Charles & Trauernicht,
8,000 district No. 424 bonds. Due Ori July 1, 1949 to 1957.
on June 1, from
000 school bonds was approved at of St. Louis.
1947 to 1951
Lake field, Minn.
the election held on June 25.
• ■ inclusive. ;
Pearl River County Industrial Con¬
Dated June
An issue of $90,1, 1946.
Interest ; Bonds Voted
Riceland (P. O. Route 2,
solidated School District (P. 0*
000 hospital bonds was favorably
payable J-D. '
Poplarville),Miss.
Albert Lea), Minn.
approved at the election held on
•
?
—
.
A certified check for 1%
of the
bonds bid for, payable to order of
the City Treasurer, is required.
s
"
Braintree,. Mass.
1
Bond Offering—John W. Hard¬
ing, Town Treasurer, will receive
^sealed bids until 11 a.m. (DST)
.on" July
$225,000
16 for the purchase of
coupon
bonds, divided
as
follows;
* '
.
,
,
July 15 from 1947
to 1961. inclusive;.
on
,
voted at the election held on June
Dent on
Township X P. O. Roscom¬
mon), Mich.
.$180,000 water mains bonds. Due
$12,000
■■
about 0.988%. Dated July 1,1946.
Denom. $1,000.. These bonds are
Chickasaw County Supervisors Dist.
of government in Minnesota had
No. 1 (P. O. Houston), Miss.
'
declined to
Share Sales
A proposed con¬
interest
payable at any bank of Freeborn
County designated by the success¬
ful bidder. A $500 certified check,
payable to the Town Treasurer,
He reported that gross indebted¬
;
ness
of 1937.
stitutional amendment to be con¬
sidered at
Legislature trans¬
and accrued in¬
par
any
of interest. Principal and interest
about
Michigan (State of)
Local Units Would
1945
ferred the duty of collecting debt
information to his department.
a
for
Painesdale), Mich.
Due
$5,000 annually from 1947 to
11
Denominations and form of
Tax Revenues
bonds.
Interest
1947.
notes
on
ties, $15,000,000;cjties and: "Vil¬ 0.732%.
Dated:July 1. 1946. De-7
National Bank, Boston, for ,1s, at election would .require the State lages, $93,000,000;.'towns, $3,O0O,nomination $1,000. These bonds
to distribute evenly among school
a price of 100.43; '
000; school districts, $45,000,000,
^
for
are due on July 1, in 1947 to 1951.
districts, cities and other units, and 7 the State Armory
Building
250,000
•
terest
-
f
:
$4,000 in 1956 to 1958. Subject <t6
$1,100,000 maturing June 1, $93,000 of V4 of 1%. Principal and interest
Bond Offering—Noreen
jri 1956, $95,000 in 1957; $96,000 in (J-J 15) payable at the: National
worth, Township Clerk, will re¬ and the
Milwaukee, Co., of Mil¬
Shawmut Bank of Boston, which
1958, $97,000 in 1959, $99,000 in
ceive .sealed bids until 8 p.m. on waukee
jointly, as 1.10s:
1960, $100,000 in 1961, $102,000 in will supervise the preparation of July
15, for the purchase of $225,1962, $103,000 in 1963, $104,000 in the bonds and certify as to au¬ 000 combined water supply and $800,000 refunding bonds, at a
price of 100.156, a basis of
1964, $105,000 in 1965, and $106,- thenticity. Legality to be approved
sewage disposal system revenue
about 1.07%.
(000 in 1966, as l%s. Interest pay¬ by Storey, Thorndike, Palmer & coupon
bonds, to bear not ex¬
1,775,000 sidewalk, street, per¬
able J-D.
Dodge of Boston.
ceeding 3% interest. Dated July
manent improvement, public
1,1946. Denomination $1,000, Due
Burlington, Mass.
MARYLAND
relief and water works bonds,
fy&.V.jf:
'<r\ -J
' V."
Vw
Note Sale — An issue of $30,000 July 1, as follows: $4,000 in 1947
;
at a price of 100.16, a basis of
and 1948, $5,000 in 1949 to 1951,
) Washington Suburban Sanitary
tax anticipation notes was sold ori
about 1.07%,
District, Md.
(/
>
July 2, at a discount of 0.58%, $6,000 in 1952 to 1954, $7,000 in
These bonds are all due seri¬
1955 to 1957, $8,000 in 1958 to 1965,
t Bond Offering — Perry Boswell, These notes are due on Dec.
10,
and $9,000 in 1966 to 1976. Rate of ally in 10 years. Interest payable
"r
Chairman, has announced that the 1946.
;
interest to be in multiples of
of F-A. The next highest bid was
Commission will receive sealed
Massachusetts (Commonwealth of) 1%.
Principal and interest pay¬ that of the Northern Trust Co.,
bids until 2 p.m. on July 24, for
Second Boston Tunnel Project able at
the Detroit Trust Co., De¬ Chicago,
Chase National Bank,
the purchase of $500,000 storm
Recommended — The Massachu¬ troit.
No proposal for less than New York, First National Bank,
Iwater drainage, series KKK cou¬
setts Post-war Highway Commis¬ par nor for less than all of .the
Chicago, Bank of America Na¬
pon bonds, to bear not exceeding
sion
on
July 2 authorized its bonds will be considered.
Bids tional Trust & Savings Associat¬
4% interest/Dated Aug. 1, 1946.
Chairman, Rep. Edward W. Staves shall be conditioned upon thie* un¬
Denomination $1,000. These bonds
ion. San Francisco and City NaOf Southbridge, to draft legisla¬ qualified
opinion of Claude H. 'tional Bank & Trust Cos, Kansas
are
due on Aug.
1, as follows:
tion authorizing the construction, Stevens of Berry & Stevens, of
City, jointly, for $800,000 1.10s, at
$15,000 in 1947 to 1951, $17,000 in
from
the ; proceeds
of revenue Detroit, approving the legality of a price of 100.156, and $1,775,000
1952 to 1956, $20,000 in 1957 to
bonds, of a second under-harbor the bonds. The cost of such opin¬ 1.10s, at a price of 100.156.
"1961/ $23,000 in 1962 to 1966, and
tunnel to East Boston. The addi¬ ion and of the printing of the
Bonds Offered to Public
The
$25,000 in 1967 to 1971. The bonds
tional facility is designed to ma¬ bonds will be paid by the Town¬
will be awarded at the highest
successful bidders reoffered the
terially alleviate traffic conges¬ ship. The bonds will be delivered
above bonds for public
prices, not less than par and accrued
subscrip¬
at
tion in the Boston area.
Detroit.
Enclose
a
certified
interest, offered for the lowest in¬
tion at prices to yield from 0.55%
check for 2% of the par value of
terest rate bid upon in a multiple
to 1.05%, according to
Middlesex County (P. O. East
maturity.
the bonds, payable to the Town¬
of one-tenth or Vs of 1%, and no
Cambridge), Mass.
ship Treasurer.
Minnesota (State of)
bid may name more than one rate
Note Sale — The $500,000 tem¬
State and Local Debt Reduced
Grosse Pointe Township (P. O.
.tor the bonds. Principal and in¬ porary notes offered for sale re¬
Sharply In Recent Years
Gross
terest
payable
at
the Prince cently, were awarded to the Na¬
Grosse Pointe Park), Mich.
indebtedness of Minnesota State
George's' Bank
&
Trust
Co., tional" Rockland Bank, of Boston,
Note Offering—Henry Lavers,
and local units of government was
Hyattsville, Equitable Trust Co., at a discount of 0.295%.
Township
Clerk, will receive
of Baltimore, or at the Chemical
sealed bids until 5 p.m. on July reduced $130,000,000 in the eightNewton, Mass.
Bank & Trust Co., New York City.
15, for the purchase of $40,000 year period ended Dec. 31, 1945,
Bond Sale — The $400,000 street
it was disclosed May
The approving opinion of Mass22, by State
notes, to bear not exceeding 4%
lich & Mitchell, of New York, improvement bonds offered for interest.
Dated
Aug.
1,
1946. Public Examiner Richard A. Gollsale on July 9, were awarded to
will be furnished the purchasers.
These notes are due on Jan. 10, ing in the first report released
of
Denomination $1,000. Dated July
1, 1946. Due on Jan. 1; $2,000 iri
1948, $3,000 in 1949 to 1955, and
Stone & Webster Securities
Moseley & Co., Paine, Web¬
ber, Jackson
Curtisj First of
v' Michigan Corp.; all of New York,
Wood- J. M. Dain & Coi, of
Minneapolis,
Gratiot Township (P. O. Detroit),
rate of interest in multiples
name
favorably voted at
on July 2. Dated
were
the election held
329
Bonds
Voted
—
An
18.
will
„
issue
of
$20,000
fire
hall
construction
bonds, to bear not exceeding 3%
r
Bond
be
Offering
—
received: by
Sealed
bids
Harvey
L.
Minneapolis, Minn.
Folie, Clerk of the Board of Su¬
Bond Sale—The following bonds pervisors, for the purchase of $35,amounting to $2,575,000, offered 000 coupon road and bridge bonds.
Bond Sale
bonds
—v.
—
The $12,000 school
sale on July 5
offered for
163, p. 60 were awarded to
Bank of
the
Picayune, of Picayune, as
l%s, at a price of par. Denomina-
May
are due on
in 1947 to 1955. Interest
1,
payable M-N;
,<
'
-
•
Water Valley,
Bonds Offered
Miss.
W. B. Hunter,
—
City Clerk, offered at public auc¬
on
July 11, $150,000 indus¬
tion
not exceeding
trial bonds, to bear
4% interest Bated June 1, 1946,
was
approved at the election held on
June 26,
77
Aug. 1, 1946. Due $10,000 on Aug*
1 in 1947 to 1956,, inclusive.-Itote
of interest "to be in multiples of %
or One-tenth of 1 %. Principal and
June 18.
on
Midland Park, N. J.
Election — An issue of
recreation center
$25,000
bonds
will be submitted to the voters at
the November election.
>
approval of Hawkins, Delafield &
Wood of New York, will be fur¬
:
nished
MonmoutkCounty (P. Oi Free'
hold), N.J.
Bond Issue Approved — An is¬
Authority; and: from title fees and bus and;
franchise fees, totaled $12,879,381,
-New York
717^777
;! .Bond Sale-
-i-i
A syndicate com¬
the
to
purchaser. Acer-
tified check for 2% of the amount
preceding year. <
-
NORTH DAKOTA
&
Valley City, N. Dak.
Bonds Voted—Ah issue of $65,000 public bath construction hnd
$3,560,000 2% bridge revemie* re^ site
.acquirement- bonds, to bear
funding bonds at a price of par
hot; exceeding 2% % interest," Was
and re-offered them at the same
approved at the election held- on
June 25."7^'.';'""
Srice, plus accrued interest. The
i
T-'
Ward
County (P. O. Minot),
'
*
Offering,—
Bond
I
.
Missouri (State
Sealed bids
Bonds Vated-^An Issue of *$20d^
•»
and the proceeds will, be used by
the. Authority in, the redemption
000 road and bridge bonds carried
will
be
received
until 2 p.m.
Atit^^^ion held pn^ June '25* ^
7/ Paterson/ N. J,
—
on Sept.- 1, 1946, of the $3,050,000
Bond Ordinance Passed
The (DST), on July 25, for the pur¬
Donnelly
4V4S of 1967 presently outstanding.
chase of $19,000 coupon or regis-*
authoriz¬ Board of Finance on June. 20
passed
on
final
reading
an tered building bonds, by Jay .E; The; agency; it:Will be recalled, |
\AllianceOhio » *'>fi "4
a $10,733,000 dormitory build¬
defaulted
on- bond
Bond GaJI»^r<)h^'IJUly;:!; the
ordinance calling for an issue of Potter, Town Supervisor. Interest temporarily
program at State-supported
Authorized
Bonds
Revenue
—
July
ing
•
•
3, Governor
approved two measures
On
•
,
Under
institutions.
rate is not to exceed
interest during the height of the Council passed
F-A.. Denomination
war
5%, payable
$1,000. Dated
Aug. 1,1946. Due on Aug. 1; $2,000
jiEw MExrca
in 1947 to 1955, and $1,000 in 1956.
♦Rale of interest to be in multiples
Carlsbad, N. Mex.
Bonds Voted—An issue of $50,-r of V\ or one-tenth of 1%, and must
General Assembly , appro¬
priated $5,366,750 from the $30,000,000 post-war reserve fund as
the State's share of the construe-,
the
improvement
street
$166,000
bonds.
Revisions of the Dorm
•-
^ J
^
^
and authorized the 000 improvement bonds was fa¬ be the same for all of the bonds.
bonds vorably voted at the election held Principal and interest payable at
the Corfu office of the Manufac¬
like amount. These bonds on April 2.
turers & Traders Trust Co* of
be paid off by rentals.
tion prpogram
institutions to issue revenue
for
a
would
Eunice, N. Mex.
District, Mo,
Sikestoh School
—
25.^^;-;^;?:v;NEBRASKA
Crete, Neb,
•
Bonds
Authorized
On June
—*
Buffalo. Legal approval of Vande-
Bonds Voted—An issue of $100,-
R. E. Bailey,
Secretary of the Board of Educa¬
tion, received sealed bids until
2 p.m. on July 12 for the purchase
of $125,000 building bonds. Dated
Aug. 1, 1946. Due $6,000 in 1947
to 1949, $7,000 in 1950, $6,000 in
1951 to 1953, $7,000 in 1954, $6,000
in 1955-to 1957, $7,000 in 1958,
$6,000 in 1959 to 1961, $7,000 in
1962, $6,000 in 1963 to 1965, and
$7,000 in 1966. These bonds were
authorized at an election held on
> Bonds Offered
June
'
.
ing
educational
000
bonds
city
voted
water, Sykes & Heckler of New
favorably
election
the
at
was
held
York
on
City, will be furnished to
purchaser: A $380 certified
check, payable to the Town, must
accompany the bid.
the
April 2.
Gallup, N. Mex.
Bond Sale—The following bonds
.
28, the
City Council passed an
ordinance calling for
of $22;00fr airport
Bond
the issuance
1950, but redeemable at the opr
notified to present them with all ;
Unmatured interest coupons at the
office of the City Treasurer on
the
of
Authority, either in
Whole on. Sept. lr 1950, or on any
date ..thereafter, or in part by lot
on Sept. 1,1950, or on any interest
.
Sept. l, 1946, for payment,. Bonds present for, payment shall;
at the
of
par
value; 102% on or prior to Sept. 1,
1954,. 102% thereafter and on or
prior -to 1- Sept. 1, 1957, 101% %
thereafter and on or prior to Sept.
payment „date
following
-
thereafter,
cease
percentages
Wayne, Neb.
Election -r- An
issue of
to be held on Aug. 6.
NEVADA
Reno, Nev.
Bond Sale Details —The $82,992
(not $82,922) street improvement
bonds awarded' on May 31 to
Hdnnaford
&
Talbot,
of
San
land), Ohio
Francisco, and Associates—v. 163,
p. 61—were' sold at a price of 100.12. Dated May 31, 1946. Denomina¬
$4,150, one for $4,142. These
tion
bonds will mature on May 31, as
1947, and $4,150
1966. Interest payable
follows: $4,142 in
1948 to,
M-N.
087, a basis of about 0.865%. Dated addition of five members to the
July 15, 1946. Denomination $1,- police force. The higher village
000. These bonds are due on July tax rate, it is pointed out, does
Bond
15, from 1947
payable J-J.
to
1951.
Interest
Hempstead, Albertsen
(P. O.
Manhasset), N. Y.
Bond Sale
The $8,000 water
Water District
J.
Fair Lawn, N.
Bond
■will
be
Offering
•—
received, until
8:30 p.m.
(DST), on July 23, by Ralph M.
Bryant, Borough Clerk, for the
purchase of $200,000
registered sewer, of
coupon
or
1946 Series
supply bonds offered for sale on
July 9 — v. 164,, p. 194 — were
awarded to the South Shore Trust
Centre, as %s,
at a price of par. Dated March 1,
1946. Denomination $1,000. These
Co., of Rockville
%
or
1/20
same
of
1%
all
for
M-S. The rate
multiple of
and must be
of
the
bonds.
Principal and interest payable at
the Fair Lawn-Radburn Trust Co.,
Fair
Lawn,
turers Trust
or
of $2.02
District
and in
No.
1
School Dis¬
at the Manufac¬
Co., New York City:
Legal approval of Hawkins, Delafield & Wood of New York, will
trict No. 2 rate of $4.26, on bills
to be sent out Sept/ 1, none of
which comes within the/ control
of the
Village government.
to
due $1,000*
1954*
March 1,
Interest
Spring
Bond Sale
—
York,
No. $ {P*
7;7^-7:.
O.Pearl River),
..
-
New York ":>• V
' :
Sale—The $66,000 school
.
Bond
bonds offered for sale on June 28
—v.
163, p. 3466-Mvere awarded to
the State Bank of
Pearl River, as
Is, at a price of 100.029, a basis of
about 0.993%.
Dated July 1, 1946,
Denomination $1,000. These bonds
7-
*
Aug. 1,1946. Denomination $1,000.
These bonds
from
1947
to
are"
due oh Aug.
1951.
V
near
Revenues
to Ryan,
Suther-;
Co., of Toledo, as 2%s, at'
a price of 100.395; a basis of about ;
2.42%. Dated Oct; 1, 1946. Denomination $1,000. These bonds are
due
General
fund
fiscal
the
Oct. 1, 1947 to 1956.
highest
bidder
was
Roose & Co., for 2%%, at a price
-
Successful bid¬
and
of
$85,000
sewer
extension
disposal plant bonds
on
(DST),
on
July 18, by Leonard A.
June: Arnold, District- Clerk,- for
purchase of $100,000
coupon
„
bonds,
price of par. Dated'
at a
July 1, 1946. These bonds are due '
Sept. 1, in 1947 to 1951. Interest '
on
payable M-S.
:
Columbus, Ohio
List of Bids—We
previously
re¬
ported in v. 164, p. 194—the award
of $20,000 park and playground
unlimited
tax . bonds ; to ' Ryan,
Sutherland & Co., Toledo, as lV4S,
at par and a premium of $159,
equal to 100.795, a basis of about
1.105%v Herewith is a list of un¬
.
also for IVi-s:
of)
High
«
Bidder
.
collections
during
June 30
ended
-
Premium
'
:
Jr A. White & Co.
—
-$153.00
Seasongood & Mayer _j_—
76.85
Provident Savings Bank &
an all-time high of $92,Trust Co.
26.2Q
900,404, topping collections for the The Ohio Company
25.00
preceding fiscal year by $10,382,- Assel, Kreimer & Co.
11.00
592, it was reported on
July
1
Columbus. Ohio
2 by State Commissioner of Reve¬
Sinking Fund Bond Offering
nue Edwin Gill.-#■«*»,
•
Nearly half of tKi general fund Sealed bids will be received until
reached
,
increase
,rwas
..,
noon
attributed
(EST),
on
July 22, by W, H.
unexpected jump in sales Duffy, Secretary of the Board of
tax Teceipts. The $26,598,861 col¬ Sinking Fund Trustees, for the
lected In" sales taxe in 1945-46 rep¬ purchase of the following City of
resented a gain <3L$4,757,356 over Columbus coupon bonds aggre¬
to
an
the
gating
previous year7 Also contribut¬
peak
collectionsiriyf-Jncome
tax,
:
.0.*
fV
-
and
7
Interest pay-
$541,0007
$70,000 4% municipal airport (No.
2p, bonds. Dated Nov. 15/1940.
; -- -Due on Nov.-l; $6,000 in 1947
ing to the recotd^hlgh were new
1,
1
to
.
1951/and $8,000 in 1952 to
1956. Interest payable M-N.
A sharp, rise
•
-
:
90,000 4% municipal airport (No. •
.
of the
Cbmmissioriers,
municipal bonds • aggregating $1
the 819,500, consisting of lots Nos. 1
Or
.i
Auditor, has announced that the
City Sinking Fund has purchased
an
issue of $400,000 2% Depart¬
ment of Public Works Equipment'
:
sue
Cincinnati, Ohio
Bonds Sold—Henry Urner, City
;
tioning was terjmhhted 1^^
that, the above named Fund will
are due on Nov. 1, from 1947 to
they hadn't expected, the increase
der. A $4,000 certified check, pay¬
receive sealed proposals at its of¬ would-be as large as it proved to
1954. Interest payable M-N.
able to the Borough, must ac¬
fice—625 Madison Avenue, New be. Highway revenue from the
Oyster Bay and Babylon, Union
company the bid.
York 22, N. Y., until 10:30 am. gasoline road ts« In'the fiscal year'
f Free Sch. Dist. No. 22 (P. O.
HasbrouckH eights,N.J.
i(DST), oii July 16, for the pur¬ just ended amouMed; to $32,157,- Farmingdale), N. Y.
Bond Issue Approved
The
Bond Offering 7^ Sealed bids chase
of
fully registered : New 873, an increase 0? $9;i00,411 over
Borough Council approved an is¬ will be received until 3:30 p.m. York City and New York State collection^ of thc^ previous * year.
be furnished the
on
100.065.
of
also1 was shown in
highway fund collections, which
The State Insurance Fund of
topped the 1944-45 total by $10,New York 77'?v7
777,.:.; 683,422. Although State Revenue
Portfolio Bond Offering —It is Department officials: had antici¬
announced by William L. Fanning, pated a sizable, increase in gasp^
line road tax collections after ra¬
Qiairman
c7V;-7:V
able F-A.
next
successful bids, all of which were
Record
year
$2,000
The
.
at
The $20,000 fire ;
—
awarded
were
future.
7
North Carolina (State
.
revenue
Orangetown Union Free Sch. Dist.
are
M-S.'
the
School
awarded to Tilney
Co.,7 of New
as Is, at a price of 100.08,,
a
basis of about 0.97%;
Dated
ceed 6 %, payable
a
rate
in
$1,000
payable
bonds
1947
be stated in
creases
per
Valley, N. Y. The. $33,000 gen¬
eral improvement of 1946 bonds
Offered for sale on July 9,1 were
bonds. Interest rate is not to ex¬
is to
in the State
and County rate on taxes billed in
April,
nor
the announced in¬
$0.78
—
Sealed bids
£?• >
not take into account the increase
of
North
NEW JERSEY
held in the
Sale
'
:\
'
land &
••" •
•"
;
department bonds offered for sale ;
on July 3
v. 163, p. 3467 —-
*
•
to bear interest; thereafter.
Broadview Heights (Pi O. Cteve-
t
$35,000 memorial park improve¬
ment bonds will be submitted to
the voters at the special election
:
-
not
,
-bonds.
-
tion
—
r
resolution auth-
•
Savannah, N. Y* i, Vvf
V.-"',amounting to $485,000, offered for
Bond Sale
The $37,000 water
171960; 101% thereafter and on or
sale on June 25—v. 163, p. 3192—
bonds offered for sale on July 5
prior to Sept. 1, 1963, 100%%
were awarded to a syndicate com¬
—v. 164, p. 61—were awarded to
thereafter and on or prior to Sept.
posed of John Nuveen & Co., of C. F. Childs &
Co., and Sherwood
1, 1906, and 100% thereafter and
Chicago, Boettcher & Co., Peters, &
Co., both of New York, jointly, before maturity. These bonds have
Writer & Christensen, and Sidlo,
as
1.40s, at a price of 100.33, a been
approved as to legality by
Simons, Roberts & Co., all of Den¬ basis of about 1.36%. Dated July
Masslich and Mitchell, New York,
ver, as 2s, a price of
100.17, a
1,
1946.
Denomination
$1,000. New
York, counsel for the Under¬
basis of about 1.98%, to maturity:
These bonds are due on July 1,
writers, and Cosgrove, Harter,
$300,000 water bonds. Due July 1, from 1947 to 1965. Interest pay¬
Scanlon
&
Wright, Watertown,
1949 to 1966.
able J-J. The next highest bidder
New York, counsel for the Au¬
100,000 sewer bonds. Due July 1, was the Marine Trust Co., Buf¬
thority.
1949 to 1964.
falo, for l%s, at a price of 100.48.
85,000 street improvement bonds.
Victory (P. O. Victory Mills), N. Y.
Scarsdale, N. Y.
Due July 1, 1949 to 1964.
Bond Sale-—The $50,000 water
Village Tax Rate Increased —
works bonds offered for sale re¬
Dated July 1, 19467 Denomina¬
The tax rate for 1946 is $2.48 per
tion $1,000. Interest payable J-J.
cently, were awarded to C. F.
$1,000 higher than the 1945 impost, Childs &
Co., and Sherwood & Co.,
with $1.57 of the Increase result-*
4-»
Mosquero, N. Mex.
both of New York, jointly, as l%s,
Bonds Voted —The $25,000 im¬ big: from the decision pfl a repre¬
at a price of 100.59, a basis of
cross-section
of
the
provement bonds carried at the sentative
about
1.44%.
Interest
payable
election held on April 2, it is now community's inhabitants to pro¬
J-J. The next highest bidder was
vide $107,000 for storm drains and
reported.
Newburger, Loeb & Co., for 1.60s,
highway imrovements out of rev¬ at a
price of 100.73.
NEW YORK
enues, rather than through the sale
of bonds. General operating cos.s
NORTH CAROLINA
Lafchmont, N. Y.
Bond Sale-—The $152,000 gen¬ show an increase of some $91,000
'
Louisburg, N. C.
eral improvement bonds offered over 1945 and is accounted for, in
Bond Election Planned r— An
for sale on July 3—v. 163, p. 3466 part, b,y salary increases to muni¬ issue of $100,000 street improve¬
-were awarded to Halsey, Stuart cipal employees; provisions for re¬
ment bonds will be submitted to
& Co., as 0.90s, at a price of 100.- placing motor equipment and the
the voters at an election to be
-r
a
due to the sharp curtailment
oHzing the call' for payment oil
autombbile'^raVeLv;:^ 7 ■■ • ■'
Septi J«atipah- ahd:aecjftie<l; inters
1 The present issue of $3^60,000
% pobr-^reliefr; bonds Nos:
bonds is dated May 1, 1946 and 36 to
50, amounting to> $15,000.
matures on, March 1, 1976. They Dated June 1, 1940. Denom. $1,000.
are non-callable prior to Sept. 1,
The holders of said * bonds are
in.
„
in
increase of $1,583,011 over the
an
posed of Shields & Co., R. W.
Pressprich & Co., Hemphill, Noyes
nderwriting
commission: con¬
bid, payable to the Board of Edu¬
sisted of special detachable intersue of $100,000 bridge reconstruc¬
cation, is required. •
\
^ tion bonds was approved on June f- 'D-V,-1 (:
/ '■<
L
7"
-I', '{Ss.p '4 "*'■ *
'<'/-***i Ost. coupohs. • Th0hew_ bonds ^met
19 by the County Board of Free¬ ! Pembroke
Withv a, teady investor reception
(P. O. Corfu), N. Y.
holders.
^
Thousand Islands Bridge
Co.; " Hofnblower
&
Weeks,
Paine, Webber, Jackson & Curtis,
Inc.,
interest payable at the First Na¬ and George B* Gibbons
tional Bank, Farmingdale. Legal recently: purchased an. issue. of
Bond
,
Aurora,
000 hospital ^purchaser ^hds
F-A.
$150,000 construction bonds was
favorably voted at the elecaon
held
payable
Denomination $1,000. Dated
rate is not to exceed 4 %,
of
Bonds
MISSOURI
Mo, ;v j
Bonds Voted—An issue of $30,-
registered school bonds. .Interest
Ho-Ho-Kus Sch. Dist., N/.
: Voted
—
An issue
itlori $500, These bonds
<
—J• Mdndayy* Juljr J 5, 1945
THE. COMMERCIAL. & FINANCIAL CHRONICLE
330
to 38.
■;
Receipts of
ito 7964;
57,000 4% blectrio light extensioa'
|
1941. Due
| '
1
1
i
bonds} Dated
"(No;
1
-
1947 to
1950 to
on'Oct/l;."$5,000 in'
1949, and $6,000 in
1956. Interest payable'
•{■,* A-O;
112,000 4% water works enlarge-
;
9), bonds.: Dated
:
ment
'
(No.
May -18,1944; ' Due
the^tate Motor Ve¬
bepartmenGrom the sale of
iairto licenses ahd driver's licenses/
hicle
:
;
WW'
Due $5,000 from^oy.:!,
;
)
-
$14,000.:
fremJSrov. 1, 1947 to 1954. Interest payable
M-N,
"
,
Volume 164
Number 4507
THE COMMERCIAL & FINANCIAL CHRONICLE
212,000 4% special assessment refunding
(No.
3),
bonds.
'Dated
-
March
1,
.
at the "City
and
Lochland
JTre&surer'S Office. Ap¬
tion
of
the
at
First
*
National
Bank, Lockland. Legality to be
approved by the City Solicitor,
s
Enclose
a
certified check for 1%,
•
.
bids
Decatur Local Sch.
%*'') ■■■: '
Dist.
(P,0?
Pedro),. Ohio .;
.>
until
the
noon
purchase
J::
on
July 22,
the
of
for
following
1% % bondsjam^iitingttb $6$750:
Bond:Df:^.jSeal&d''',bids $44,950 Service Equipment bonds;
.
will be received by John L. Roth,
; t
Clerk of the Board of Education,
until
;/
purchase of $20,000 3% building
bonds.;Denomination $1,250. Dated
;
,
Sept.
1,
Sept.
1,
1946. Due $1,250 from
1947-to 1962f -inclusive.
Interest payable M-S. A $500 cer¬
tified check; payable to the Board
of Education, must accompany the
bid.
"
—
.
An issue of $150,-
O00 water works mortgage reve¬
bonds was purchased recently
nue
by Stranahan, Harris & Co., Inc.,
of Toledo.
--
-
office
'
Findlay City Sch. Dist. (P. OFindlay), Ohio
■
$1,000, one for
$800. Due Nov. 1, as follows;
$4,800 in 1947, $4,000 in 1948
Bond Sale
—
.and
building
Improvement bonds offered for
sate-on
^ruiy'o •-*■*
awarded
were
to
y>. 164,p.
J.
A.
White
&
above
* -
Second best bid
102.189 for
by
the
-'
y~j*
-. r-.
was
an
National
.
Sch,
Dist.
(P.
w-
Sealed
1947
and
1948,
Nov.
under the direction
City.
will
Offering
be
received
Ohio
Sealed
—
1949,
until
noon
on
Aug. 3, by Elizabeth W. Welling¬
ton, Village Clerk, for the pur¬
chase of $40,500 2% sewer system
notes. Denomination $500, or such
denomination
as; the
pur¬
chaser may request. Dated Aug. 1,
bids
,
1946. Due $2,000 June and $2,500
Dec.
1
in 1947
Bidders may
rate
of
to 1955, inclusive.
bid for a different
interest
in
multiple of
V\ of 1%. A $500 certified check,
payable to the Village, must ac¬
a
company bid.
$1,000
,
ri ^ V"
'
terest. No conditional bids will be
GdlUp6Us,;Ohio
received.
ment bonds;
••
of the bonds bid
Township Local Sch$ Dist,
(P* O. Cincinnati), Ohio
;
Bond
$aie w The $56,000 school
bfferbd ifdrpsale oil July 8
163; p. 62r^ere awarded to
bonds
jj. A. .White
as
iy2s; at
a
& Co., of Cincinnati,
price of 100.569,
the Board
bidder
was
000
a
$1,000 and
3%
2J/a%
Ordinance
June 10, the
an
200.00
Passed—On
City Council passed
ordinance
of
Vermilion, Ohio
Bond
Sale—The
were
$34,000
water
follows:
as
-.-..Int.
-
Bidder
Pohl
&
trunk
sewer
are
due
mium
13A%
$393.00
National
ferent rate of
may. bid
for
interest in
Co;, for, 13/4s,rat a price of 101.64. to the Village.
$1,000,
a
a
dif¬
mul-
a cer¬
payable
pealed
--
was
of the
Edward Martin directed State At¬
torney General James H. Duff
file
an
in
..
held
that
State,
a
constitutional
approved
by
the
amendment
approved at the
,
opinion written by Judge
E.
Woodside, the court
an
Robert
$55,improve¬
voter$ last
November; restricts the::
use of monies in the State
motoi?
license fund and does not
permit
Oklahoma City Sch. Dist., Okla,.
Bond Sale
The $2,550,000
building bonds offered for sale
on July 10, were
awarded to a
was
could
expenditures for the purchase of
bridges. Even if the appropriation
-r
composed
of the
Bankers Trust Co., Blyth & Co.*,
both of New York, First Boston
valid;
not
he
ruled*
start
;
16
all
289.00
2%
146.20
1949 to 1951.
bid for
may
into
contracts
any
ferent rate of interest in
Dallas,
15, by the City Recorder, for the
purchase of $42,000 sewage dis¬
posal bonds. Interest rate is not
to, exceed 2%,
Although
quisition
the
acts
law early in
toll
than
par
Enclose
a
1946. Due $7,000 on July 1 in 1947
to 1952, inclusive. Bonds
maturing
in 1952
subj ect to call at par
and accrued interest on
July 1,
1951; and on Jan. 1, 1952. The ap¬
proving opinion of Teal, Winfree,
and
accrued
interest.
certified check for
$1,850, payable to the Board of Edu¬
cation.
Election
Construction
bonds
The
be
company the bid.
$100,000
will
—
sub-
Union County Peoples' Utility Dist,
(P* O. La Grande), Ore.
mited to the voters at the election
to be held next November.
Bond
Sale—The
$825,000 elec¬
tric
system
purchase
revenue
Worthingipn Local Sch* Dist,* Ohio bonds
offered for sale on July 9—
Bond Sale—The $194,000 school v.
163,
bonds
offered
June
p.
3468—were awarded to
29
were the
Ballard-Hassett Co., of Des
awarded to the Worthington Sav¬ Moineis. as
214s, at a price of 99.30.
ings Bank, as Is, at a price of parv Dated
July 1,1946. Denom. $1,000.
and also attracted the following
These bonds are due on July 1,
other bids:
1948 to 1975. Interest payable
,
Bidder
Int. Rate Premium
J. A. White & Co.__.__
Ryan, Sutherland & Co...
11/4 %
May, 1945, it
1V4%
15/a %
Youngstown, Ohio
277.00
137.00 ;
1,241.60
was
not
nego¬
of the
,
two
toll spans
burg, initiated
a
, in
Harrisso-called "tax¬
payers' suit" to halt the proposed
purchase of the Sunbury bridge
by the State.
reach agreement on sale of
prop-*
erty held by Peoples Bridge Co,
The State offered $250,000, while
the
bridge
with
company
Countered
price of $1,700,000.
a
Philadelphia, Pa.
Heavy
Forecast
Population
Increase
The
population of
Philadelphia and its environs id
1950 may be expected to be ap¬
proximately 3,445,000, an increase
—
.
of
7.7% over the population in
1940, and the labor force for that
area
000
in 1950 will increase by 131,the labor force in 1940,
over
according to a report made to the
City Planning Commission by its
Population
and
Economic
Re¬
search
Advisory Committee, which
is under, auspices of the Institute
of Local and State Government of
the
University of Pennsylvania.
area included in the study
eight counties: Phila*
delphia,
Montgombery,
Bucks,
The
embraces
Delaware and Chester in
Pennsyl¬
vania, and Camden, Burlington
and Gloucester counties in New
J-J.
Jersey. At the same time, accord¬
ing to the report, the population
of Philadelphia City and County
214 s, 2V2S, and 3s, at a price of
may
be
expected
to
increase
98.00, a net interest cost of 2.89%.
nearly 5% over that of 1940, to
The next highest bidder was John
Nuveen & Co., and Associates, for
$1,389.00
1V4%
Braun, Bosworth & Co._,
Weil, Roth & Irving Co._
ac¬
into
tiation of the first sale agreement
with owners of the
Sunbury toll
.
Willoughby School District, Ohio
Bond
are
McCulloch, Shuler & Kelley of
Portland, will be
furnished. A
$2,000 certified check must ac¬
I
bridge
signed
were
until November 27 of that
year
that former Secretary of Highways
John U. Shroyer announced
payable J-J* De-
npminatiott $1,000. Dated July 1,
ple of V\ of 1%. No bids for less
bridge
cbnstitutibnal amendment restrict^
ing/the use of highway funds, the
agreements would have been "en¬
forceable."
Highways had previously failed to
Ore.
Bond Offering—Sealed bids will
be received until 8 p.m. on July
multi¬
a
with
owner? prior to. adoption -of the
Mr. Schnader and the
Secretary of
OREGON
difr
a
bridges
could be purchased for
$7,000,000.
Judge Woodside further pointed
out that if the State had entered
bridge.
Shortly thereafter the
Philadelphia law firm- of Schnader, Kenworthy, Segal and Lewis*
representing the Peoples-Bridge
Bond Offered — A. J.
Wildman,
Clerk of the Board of Education, Co., of Harrishiirg, oiyners of one
Ohio
1971. Bidders
toll
Osage County Indep. Sch. Dist.
No. 11 (P. O. Shindler), Okla.
received sealed bids until 1:30 p,m,
on
July 8, for the purchase' of
$12,000 bus bonds. Due $4,000 in
ham, Clerk of ;he Board of Edu¬
cation, will receive sealed! bids
until noon on Aug. 1, for the pur¬
chase of $185,000 building bonds.
Dated Oct. 1, 1946. Denomination
$3,700. These bonds are due $3,700
on
April and Oct. 1, in 1947 to
State
pro*
first deter¬
was
mined
that
the
'acquisition
ceedings until it
Corp., Blair & Co., Inc., R. W.
Pressprich & Co., Salmon Bros, &
Hutzler, both of New York, John
Nuveen & Co., of Chicago, Chas.
E. Weigold & Co., of New
York,
Commerce Union Bank, of Nash¬
ville, Trust Co. of Georgia, of
Atlanta, Milwaukee Co., of Mil¬
waukee, Illinois Co., and Bacon,
Whipple & Co., both of Chicago,
at a price of
100.002, a net in¬
terest cost of 1.2479%, as follows:
for
$280,000
maturing $140,000
July 15, 1949 and 1950, as 2V4s,
and $2,270,000 maturing July
15,
$140,000 in 1951 to 1965, and $170,000 in 1966, as 1.40s. Dated
July
15, 1946. Interest payable J-J.
340.34
Bucking¬
to
appeal with the State Su¬
Court.1
;
V
preme
-
295.80
Offering—Jane
to
gram
is
unconstitutional*. Upon
learning of the decision, Governor
election held on June 26.
West Alexandria Local Sch. Dist.,
Bond
State
$7,000,000 ap¬
propriation to implement the pro¬
Bonds Voted—An issue of
000 water extension and
Plans
—
which held that the
Gibson County (P, O. Gibson
Station), Okla,.
(Commonwealth of)
.
Lucile Ander¬
l3/4%
Sutherland & Co._^
was
purchase bfhe remaining 10 pri¬
vately owned toll bridges were
balked, at least temporarily, iii
consequence of the July 5 deci¬
sion of the Dauphin County Court
$2,000 in
1%%
Bank'
Co
bidder
Purchase Decision Ap^
and other structures
PENNSYLVANIA
Bond Sale—The
approximately 2,023,000 in 1950,
if current basic trends continue.
„
i:
Wheatland, Pa.
Bond Sale—The
$5,000 Borough
bonds offered for sale
—v.
164, p. 195
—
on
were
July d
awarded,
to the McDowell National
enue bonds..
Bank,
refunding bonds.
Due
Oct;l, 1948 to 1958.
Newton Township Sch. Dist. (P* O. of Sharon, as 1 Vzs, at a price of
55,000 judgment bonds. Due Oct.
par. Dated July 1,
Newtown), Pa.
1946, These
1,:1947 to 1951.
Bond Sale—The $36,000 school bonds are'due $1,000 on July 1, in
Dated Aug. 1, J946. Denom. $1,- bonds offered for sale on July .1
1948 to 1952. Interest payable J-J.'
000.
Interest payable A-O.
The
v. 163, p. 63—were awarded to
McDon¬ Phillips, Schmertz & Robinson, of
for iy2s, at a price of Pittsburgh. Dated June 1, 1946.
next highest bidder
ald &
Co.,
101.113.
'
on
$181,000
De¬
$1,Q00. These bonds
$1,000 June l; 1948 to
Bridge
July 9, for the purchase
transportation bonds, at
not exceeding 3% interest. These
bonds aire due in 1949,
"
highest
Pennsylvania
Clerk of the Board of Educa¬
received sealed bids until
■
June 1, in 1947 to 1965.
on
next
Schmidt, Poole & Co.
1 %s, according
l3/4%
Co., Inc.
Savings
Trust
Ere-
Rate
,
Widmann & Co
$15,-
sanitary
tiple of % of 1%. Enclose
& Irving tified, check: for
National
Troy, Ohio
for, payable to
I
.
27.60
and
Exchange Bank
Education.
bonds. Dated June 1, 1946.
Nov. i 1962. Bidders
next highest
Weil,. Roth
First
as
.
.
1, 1947 to 1969> The
the
$236,000 bonds
Clearfield Municipal Borough
July 10—v. 163,
Authority, Pa.
North Canton, Ohio
p. 3467—were awarded to Braun,
Bond Offering — L. E.
Bond O fPe r i n g —- Lester L. Bosworth & Co., Inc., as
Soult,
iy?s, at
Braucher, Village Clerk, will re- a price of 101.144, a basis of about Chairman, will receive sealed bids
until 7 p.m. 4on July 17, for the
.ceive sealed bids until noon on 1.339%. There bonds, are describ¬
purchase of $648,000 water rev¬
ed as follows:
I July 19, for the purchase of
of
basis, of about 1.45%, Dated June. nomination
$500. These bonds are due on
19.25
Bank
Co.^
offered for sale
I
1,\ 1946. Denomination ;
First
The
approving opinion
Bond Ordinance Passed -r- .The of Peck, Schaffer &
Williams, of
The City Council /passed an .ordi¬ -Cincinnati, will be furnished to
nance recently calling for the is¬ i the
successful bidder without cost*
suance of $9,852 streot- improve¬ "Enclose a
certified check for 1%
Green
$27.60
13/4%
Savings
Trust
Ryan,
bids
May
New Richmond Local Sch. Dist.,
and Nov. 1, 1950 and 1951, $1,000
\
Ohio
May and $2,000 Nov. 1, 1952 $1,000
Bond Offering—Harold Tomlin,
May and Nov. 1, 1953, $1,000 May
and $2,000 Nov. 1, 1954, $1,000 May Clerk of the Board of
Education,
and Nov. 1, 1955, $1,000 May and 1 will receive sealed bids until noon
'
$2,000 Nov. 1, 1956, $1,000 May and on July 20, for \he purchase of
Nov; l; 1957, $1,000 May and $2,- '$47,000 2% building bonds. Dated
000 Nov. 1, 1958, $1,000 May and July 1, 1946. Denomination $1,000.
Nov. 1, 1959, $1,000 May and $2,- Due $1,000 May and Nov. 1, 1947
000 Nov. 1, 1960, $1,000 May and
to 1962, $1,000 May and $2,000
Nov. 1, 1961, $1,000 May and $2,- Nov, 1, 1963,. and $2,009 May and
000 Nov. 1, 1962, $1,000 May and Nov. 1, 1964 to 1966. Bidders may
Nov. I, 1963, $1,000 May and $2,bid for a different rate of interest
000 Nov. 1, 1964, $1,000 May and
irt a multiple of % of; 1%.
Pay¬
Nov. 1, 1965, and $1,000 May and able from unlimited taxes. No bids
for less than par, and accrued in¬
$2,OOO Nbv./l,'1966.
1,
&
Provident
■
Mentor-on-t he-Lake,
Bond
other
May and
$1,000
prepared
The
syndicate
•'
&
were
t$2,000
Provident
Citizens National
Stranahan, Harris & Co.__
of the
O.
the -purchase of 449,000 4%
building
bonds.
Denomination
$1,000. Dated Aug. 1,« 1946. Due as
folows: $1,000 May and Nov. 1,
l»/4%.
V/2%
be
of
for
mium
Rate--
Co
Other bids
•-
received until July 12, by the
Clerk of the Board of Education,
&
Assel, Kreimer & Co.
The legal opinion' of such
transcript to be paid for by the
successful bidder. The bonds will
^Mechanicstown), Ohio
Bonds Offered
Bidder
Pohi
Fund
sale.
to
Dewey,
ment/bonds
Pre¬
Int.
Cincinnati, as l^s, at par plus a
premium of $97, equal to 100.289.
.
,
Local
•
J Clveland, will be furnished the
successful bidder/upon the day of
Chicago, and the Harris Trust &
Savings Bank of Chicago.
Fax
Other Bids—The $12,000 street
resurfacing bonds awarded June
22 to J. • A* White1 & Co., Cincin¬
nati as 114s, at par and a premium
of $67, equal to
100.558, a basis of
about 1*075 %-i-v. -164, p. 62—were
also bid for as follows:
j Squire; Sanders and Dempsey, of
offer of
Bank
Sinking
'
')
of $9,000
awarded to J. A. White & Co., of
IV2S, submitted jointly
First
-1
due
are
h
8 p.m. on
Sidney, Ohio'
works bonds offered June 15 were
Cincinnati, as l%s, .at! a
price of 100.462, a basis of about
1.20%. Dated July 1, 1946. Due
on April and Oct.
1, 1947 to 1966,
fV
son,
cost
.bonds; to be approved by
.Go, .of
inclusive;
the
•,
Drumright School District, Okla.
tion,
,
Trustees. A complete transcript of
the proceedings relative to the
The $675,000 cou¬
semi-annual
pon
of
». <
—
Bpnds Offered
calling for an issue
$1,625,000 municipal electric
light and power plant mortgage
revenue bonds, not exceeding 2%
to: 1956/ and $5,000 in 1951.
interest.
Dated
June
1,
1940.
Enclose a certified check for
Denom. $1,000.
These bonds are
due $45,000 March and Sept. 1,
Dated June 1,1946. Bidders may 1948 to
1964, and $45,000 March
bid for a different rate of interest and
$50,000 Sept, 1, 1965. Prin¬
in a multiple of 44 of 1%. Prin¬
cipal and' Interest payable at' the
cipal and interest payable at the City Treasurer's office
Delphos, Ohio
Bonds Sold
<
bonds;
Denomination
,
l-'r:
;
Equipment
Park
•'
The $32,000 water
works bonds offered for sale on
July 9 — v. 164, p. 195 —« were
•
con¬
$927,014'.
Bond
tified check for $900.
,
21,800
'
•
the City Clerk. Due
1949 to 1964, inclusive.
Ohio
the
1951. Enclosecer-
1948 to
Bond Sale
Bank of
voters this Fall in
nection with a program to
Denomination $1,000, one for
$950. Due Nov. 1> as follows;
$8,950 in: 1947, and $9,000 in
t
for .the
24,
July
noon; on
to
\ v t',ul
to
Bond Eleetion-r-An issue of con¬
struction :bonds will be submitted
1964, and $9,000 in
Principal and interest
f^enomiriatipn 1$1,OO0,. one for
Lorain, Ohio
;
$876,57. These bonds are due Sept.
Bond Offering — Earl R. Frank,
1, as follows: $3,000 in 1947 to
City Auditor, will receive sealed
££55, -and $3,870.57; in 1956, ;
Shelby School District,
V
Dewey, Okfo.
City Council. Dated Sept, 15, awarded
■
-
payable
reet improve¬
ment bonds. Dated Sept. 1, 1946.
$30,876.57 3%
noon
works
1947 to
000 in
1965 to 1967.
issue
an
sealed
Aug. 27, for the purchase of
$225,000 building coupon bonds.
Dated Sept. 1, 1946. Denomination
$1,000. These bonds are due $11,-
passed recently by the
City Council, calling for
that
announced
on
•
was
nance
has
water
1946, Denomination $1,000.
'
.Coshocton, Ohio
Authorized
An ordi¬
' Bonds
the
Cleric-
bids will be received' until
OKLAHOMA
plant
bonds, not exceeding 3%
was passed recently by
revenue
City Sch. Dist., Ohio
Bond Offering /—• The
$75,000
interest,
Treasurer of the Board of Educa¬
•
.
of
of; $18,000 land purchase bonds.
proving legal opinions will be
furnished bn each of the above
offerings. A certified check for
1% of the bonds bid for* payable
to the Sinking Fund: Trustees,: is
required.,
Y
an emergency
-r.
.
Board Ordinance Passed W An
ordinance calling for the issuance
ordinance calling for the issuance
interest payable
Piqua, Ohio
P'
Passed*—The
Ordinance
Due, City. Council passed
1938,
$53,000 from Sept.;!, 1949 to
1952. Interest payable M-S. ••
Principal
Lake wood, Ohio
V
Bond
was
Denomination
$1,000. These bonds
The next highest bidder
First National Bank,
the
was
Sharpsyillei
for 2s, at a price of 100.75,
*
FINANCIAL CHRONICLE
THE COMMERCIAL &
Works and
Chester County
O. Chester),
(P.
—
.
recently, were awarded to a
syndicate composed of R. S.
i
Rights-of-W a y
Ac¬
quirement
940,000
3,000,000
Hospital Buildings
Low-Water Dam
1,250,000
Public Parks and Playgrounds
768,000
Police and Municipal
Courts Building
350,000
Sanitary Sewers and
860,000
Disposal Plants
School Buildings
7,146,000
Streets, Bridges, Cul¬
road
offered for
bonds
improvement
sale
:
The $300,000
Dick-
ip; son & Co., of Charlotte, RobinsonHumphrey Co., of Atlanta, and
Hamilton & * Co,,1 of Chester, as
*
L40S> at a price of 100.034, a basis
1.39%; Bonds maturing
©f about
-
after July 1, 1957, will be
redeemable on July 1, 1956, or on
on Of
;
interest payment date thereafter, at par and accrued interest,
plus a premium equal to 1% of the
principal amount of the bonds so
redeemed. The next highest bid-
:.
'
Storm
and
verts
any
*
770,000
336,000
System-
Fire Stations
South Carolina
Bond Sale
awarded
Electric Light & Power
CAROLINA
SOUTH
; Grand Prairie,
Bonds Approved —
733,000
An issue of
$123,000 3% water system revenue
refunding series of 1946 bonds has
approved by Dumas
&
Huguenin, of Dallas. These bonds
been
are
1946.
dated June 1,
Grand Prairie, Texas
Voted
Bonds
The $300,000
—
improvement bonds were
favorably voted at the election
street
held
on
June 29.
Texas
Groom,
,
i
r
Bond Sale Details—- The
$40,-
mortgage water
and
revenue bonds awarded re¬
first
000
>'».Sewers
Texas.,
sewer
cently to Crummer & Co., of Dal¬
Water Works and Sys¬
tems
C'sumii' 1,480,000 las, as 3V4S—v. 164, p. 63—were
sold at a price of par. These bonds
Bexar, Medina,Atascosa Counties, are due $1,000 in 1947 to 1956, and
der Was E. H.£ Pringle & Co., for
Water Improvement District
2.45$, at a price of 100.037.
$2,000 in 1957 to 1J$1.
No. I (P. O. Natalia), Texas
Hawkins Indep. Sch. Dist. (P. O.
Columbia, S. C.
p
Bonds Offered ;to Public~~An VHawkins), Texas
'l
Bonds Approved —- The follow¬
*
'
]
,
.
sue
;
of
$577,000
refunding
2Vz%
ing bonds amounting to $1,847,000, bonds is being offered for general
approved by the City Council on investment by the Columbian Se¬
July 3: $1,000,000 street paving; curities Corp^r of Texas,
Dated
;
97,000 police headquarters; 200,000 Aug. 1, 1946. Denomination $1,swimming
pools •>. and-, athletic 000. All of said bonds bear inter¬
fields; 500,000 sewer and water est) at the rate of 4% : to Aug, 1,
extensions, and 50,000 fire sta- 1950, and 2%% thereafter. Due
.
I
.
tions bonds.
Aug, 1, as follows: $23,000 in 1947,
$24,000 in 1948, $25,000 in 1949,
$30,000 in 1950, $35,000 in 1951 and
1952, $36,000 in 1953, $37,000 in
1954, $38,000 in 1955, $39,000 in
Bend Offering — Sealed bids
1956, $40,000 in 1957, $41,000 in
Svill be received until 11 a.m. "on
1958, $42,000 in 1959, $43,000 in
July 22, by J. M. Green, Chairman 1960, $44,000 in 1961, and $45,000
of the Board of Trustees, for the in 1962.
All of said' bonds ma¬
purchase of $175,000 school bonds. turing in 1957 to 1962, will be
Denomination $1,000. Dated Aug.
;
0rangeburg County Sch. Dist.
No. 26 (P. O. Orangeburg),
South Carolina
:
^
Paid
Price
now
stated
school
house
the
Dallas
Union
sold
bonds
It is
—
$100,000
the
that
to
Dallas, as l%s, as
v.
164, p. 195 —
awarded at a price of 100.Co.
Trust
noted
of
here
were
—
201, a basis of about 1.21%. Due
$10,000 from Oct. 1, 1947 to 1956,
inclusive.
'
'
..
:
•_ ; 4
..
/:
.
...
Dist., Texas
Bond Pending — An issue of
,
\
*
optional
'
1, 1946. Due .on Aug 1; $9,000 in
1947 to 1951, and $13,000 in 1952
,
!
any
to
election
held
be
will
bonds
These
of banks States increased more than 6,000,^
Bank & 000 in the last half of 1945 be«
Trust Co., New York City, as
lows:
fol-
interest paying
and accrued interest. Principal
.
cause
1961,
to
j;,;
{
Charleston,
of
;ler
inclusive.
all
nished. A certified
will be fur¬
cheek, for $1,-
ice
*"
from
men
^ 750, payable to the County Treas-
*
is
urer,
required.
TENNESSEE
Benton (County (P.
Tenn.
Bonds
O.Camden),
Offered—Blondell Smith,
received
Clerk,
Court
County
sealed bids until 2 p.m. on
for the
■
July 12,
purchase of $400,000 elec¬
bonds, to bear
Dated
Jan. 1, 1946. Denomination $1,000.
These bonds are due on Jan. *!,
tric plant revenue
interest.
not exceeding 2 %
from 1949 to
Bonds matur-
1972.
'/% ing on or after Jan- J, 1953; shall
be callable in inverse numerical
order at the option
of said County
foreign
theaters^
war
'I
UTAH
Housing Authority, N. Y., $5,899,l'
000 Los Angeles County Housing
Murray City, Utah
Authority,
Cal.,
$1,600,000,
Bond s Voted — The $200,000
Twenty-Fifth Series, New Orleans water
improvement bonds sub*
Housing Authority, La., and $345,mitted to the voters at the elec*
000
Upland Housing Authority,
tion held on July 2 were favor*
Cal., notes, at .72%; $11,000,000
ably voted. ' > js-./CBaltimore
Housing
Authority,
Md., notes, at .73%; $7,210,000
VERMONT
Boston Housing Authority, Mass.,
St. Albans, Vt.
$6,242,000 Jersey City Housing
Bond Sale v
The following
Authority, N. J., $996,000 McKeesport Housing-Authority, Pa., $1,- bonds amounting to $25,000 and
119,000 St. Clair County Housing offered for sale on July 8 — v.
Authority, 111., notes at 0.76%; and 164, p. 196 — were awarded to
$386,000 Albany Housing Author¬ Kenneth B. Hill & Co., of Boston:
ity, Ga., $328,000 Asbury Park $16,000 refunding bonds as IV2,
Housing Authority, N. J., $326,000
at a price of 100.79, a basis
Augusta Housing Authority, Ga.,
of 1.45%. Dated Aug. 15,1946.
$213,000 Regional Housing Au¬
Due Aug. 15 in 1966 to 1968.
thority notes of 14 Arkansas coun¬
9,000 refunding water bonds as
ties, $476,000 Lubbock Housing
l%s, at a price of 100.54, a
Authority, Tex., $341,000 Meridian
basis of 1.327%. Dated Aug. J)
Housing Authority, Miss., $364,000
1, 1946. Due Aug. 1, in 1958
Orlando Housing Authority, Fla.,
and 1959.
•
.
notes at
.77%.
Denomination $1,000. Bids foe
Pressprich & Co., of New the issues were as follows:
York, were the successful bidders
For $16,000 Issue
for the $1,000,000 Seventieth Se¬
Int.
R. W.
shortly.
mature
in
20
ries, Baltimore Housing Author¬
ity, Md., notes at .72%, plus a premium of $28.
&
Hutzler, of
New York, were the successful
bidders for the $1,183,000 SixtyNinth
I
^ r.-..':\
Bidder
Kenneth
John
Series,
E.
general obligations of for the purchase of $200,000 school ity, 111., notes, at .76%, plus a pre¬
payable from ad house bonds. Interest rate is not mium of $6.
valorem taxes levied against all to exceed 21/2%, payable J-J. De¬
The Central Hanover Bank &
taxable property in the District nomination $1,000. Dated July 1, Trust Co., of New York, was the
1946. Due $20,000 from July 1, successful bidder for the $1,000,000
without limitation as to rate or
amount.
Legality approved by 1947 lo 1956, with the district re¬ Tenth Series, Buffalo Municipal
McCall, Parkhurst & Crowe, of serving the option of redeeming Housing Authority, N. Y., $1,000,said bonds prior to maturity, on 000 Twenty-Fourth Series, New
Dallas. Interest payable F-A.
any interest payment date on and Orleans Housing Authority, La.,
Carrollton Indep. Sell. Dist., Texas after 5
years from date of issue.
notes, at .69%, plus small pre¬
Bonds purchased — An issue of Principal and interest payable at miums;
$1,000,000
Eighty-First
$45,000 2 and 23A% series of 1946, a bank designated by the bidder. Series, Boston Housing Author¬
school bonds was purchased re¬ The approving opinion of the At¬ ity, Mass., $1,000,000 Twelfth Se¬
cently by the Texas Bank & Trust torney General and of McCall, ries, Decatur Housing Authority,
Co., of Dallas. Dated June 1, 1946, Parkhurst & Crowe, of Dallas, 111., and $1,000,000, Eighteenth Se¬
Legality
approved by McCall, will be furnished. Delivery will be ries, St. Clair County Housing Au¬
Parkhurst & Crowe, of Dallas.
made in Austin. A $2,000 certified thority, 111., notes, at .70%, plus
check, payable to the District, $mall premiums;
Daingerfietd Indep. Sch. Dist.,
hiust acompany bid.
Bankruptcy
Law
Covers
District
Hill
B.
Adams
Harriman,
Salomon Bros.
direct and
the
>
of the rapid return of serw
$685,000, Ninth Series, Buffalo
Baltimore Housing
Authority, Md., notes, at .73%,
Montgomery County^ Magnolia
plus a premium of $15; $1,000,000
Com. Sch. Dist. No. 6 (P. O.
Eighty-Second Series, Boston
Conroe), Texas
Housing Authority, Mass., $930,000
Bond Offering —- Sealed bids Middletown Housing
Authority,
years.
date on and after) Aug." 1, 1956, at
par
bonds
will be submitted to the voters at
an
group
Ripley
Corp..
W/or
100.69
100.042 iy«%
Co.__
&
100.46
Stobert Hawkins & Co., Inc..
For
1V2%
100.79
Sons
&
Rata
Price
Co.-..
&
Brown
Rollins
H.
1.70%
102.01
2V4 %
$9,000 Issue
Int.
)■' Bidder
Kenneth
E.
H.
.
Price
B.
Hill
&
100.54
Co.
Inc..
& Co...
John Adams Brown Corp...
Robert
Rata
1%%
100.08
iya%
w," 5
Rollins & Sons,
Harriman,
Ripley
Hawkins
Principal and interest payable at the Chase
B
and interest payable at the Chase National'Bank, New York. These will be received until 2 p.m. on Conn., notes, at 0.75%, plus small
Kational Bank, New York. The bonds, issued to refund a like July 15, by T. H. McWhorter, premiums; and $585,000 Eleventh
approving opinion of Huger Sink- amount of indebtedness, constitute Chairman of the Board of Trustees, Series, Decatur Housing Author¬
Bond
P
,
on
construction
3%
$25,000
to) a
headed by the Chemical
.
Sch.
Kennedale
Monday, Jtily 15, 194S
81
100.042 mw
1%%
100.49
2V*%]
101.13
Co
WASHINGTON
#
Omak, Wash.
The
Sale
following
bonds amounting to $419,000,^ of¬
fered for sale
p.
on
July l-~v. 163,
64—Were awarded to Harold H,
Huston & Co., of
Seattle:
$133,000 water revenue bonds. Due
July 1, from 1948 to 1976.
286,000 joint sewage-water sys*
tem revenue bonds. Due July
l; from l949>to 1976.
):
Dated July
1, '1946. Denomxha*
tion $1,000.
Seattle,
Wash.
Bond Offering -~W. C,
City Comptroller, will
sealed bids until 10 a.m.
Thomas,
receive
on
Aug.
5, for the purchase of $3,000,000
sewer general obligation coupon
Texas 'V;"'.
bonds, to bear not exceeding 6%
Pasadena Indep. Sch. Dist., Texas Revenue Bonds— President Tru¬ interest. Dated Sept. 1, 1946. De¬
Approved— The follow¬
Bonds Voted —The following man has just sighed a bill making nomination
$1,000.
Said bonds
2y4% bonds amounting to
bonds amounting to $680,000 were the Municipal Bankruptcy Act a shall mature annually, commenc¬
$60,000 were approved by the At¬
permanent part of the National ing with the second year and end¬
favorably voted at the election
torney-Genera! on June 22: $10,held on July 6: $390,000 recon¬ Bankruptcy Law and extending ing with the;20th year after f heir
000 refunding, and $50,000 con¬
its
Bonds
interest
ing
payment date thereafter. ,
V
on
Jan.
1, 1952, or any
:JgBond
amounting to
$750,000 will be submitted to the
voters at an election to be held in
Che near future: $350,000 schools;
$75,000 paving; $75,000 airport im¬
provement; $125,000 right-of-way
purchase, and $125,000. sewer and
Ector County
ti?Odessa),
(P.
bonds.
County
Stocker,
Treasurer,
re¬
ceived sealed bids until 2 p.m. on
July 12, for the purchase of the
following
bonds
amounting to
$725,000:
•
$275,000 Hospital bonds. Due Aug.
bond program
tin, Texas,
Ap¬
Approval
the entire $18,173,000
in effect of
?
~
of the City of Aus-
authorized at an elec-
7, has been obtained
recent opinion of the
Attorney-General of Texas, approving $336,000 fire station
bonds, and
by concurrence of
.■ Wood, Hoffman, King and Daw¬
tion held May
through
.
son,
law
a
New York bond attorneys, in
questions involved in the
station
fire
issue,
according to
City Attor¬
Trueman E. O'Quinn,
ney
of Austin.
1948, $27,000 in 1949 to
1951, $28,000 in 1952 to 1954,
and $29,000 in 1955 and 1956:
250,000 Airport bonds. Due Aug.
1, as follows: $24,000 in 1947
to
1950, $25,000 in 1951 to
1953, $26,000 in 1954 and 1955,
and $27,000
1948, $40,000 in 1949, $50,000
in
1950, and $10,000 in 1951.
Dated Aug. 1,1946. The County
retains option of prior redemption
on
Aug. 1,1951,
submitted at the May elec¬
by more than a
'•
approved
majority of the
The 14 issues
tion held
7, are as follows;
H;
*
*
on
the
Municipal. Airport —$
90,000
on
voted
$350,000 were
at the election
June 25:
$35,000
municipal building
modeling bonds.
50,000
sewer
bonds.
re¬
extension
line
100,000} street maintenance and
construction
165,000
sewage
bonds.
bonds.
disposal
plant
-
.
Wichita County (P. O,
:
Falls), Texas
;..
Wichita
Bonds Voted-rAn issue of $800,county hospital bonds was
000
favorably
held
the election
County's
$2,000,000 hospital ex¬
voted
at
June 29, as the
on
provisions to include revenue said
date
of
issue,
in
such
issued
by an authority, amounts
(as pearly as practicable}
commission,
etc.,
or
by
any to be specified by the City Coun*
bonds
municipality.
Previously,
the cil by resolution. Principal and in¬
Bankruptcy Act has terest will be payable at the
been renewed on a year to year
Washington Fiscal Agency in New
basis.
•
V
York City, or at the City Treas¬
Population Placed at 140,386,- urer's office. The City reserves the
309
An Associated Press dis¬ right to redeem any, or all of the
patch from Washington and dated unmatured bonds herein authori¬
zed five years from the respective
July 10, reported as follows:
The population of the United dates thereof, or on any interest
States was 140,386,309 on Jan.; 1, payment
date
thereafter.
The
1946, an increase Of 6.6% since bonds shall be approved as to
the 1940 census, the Census Bu¬ legality by Wood, Hoffman, King
reau estimated today.
& Dawson, of New York City,
It; was reported that the na¬ whose favorable- opinion will be
tion's birth rate, which soared in delivered to the purchaser free of
the early years of the war, has charge. Bidders shall be required
declined somewhat since 1943, but to submit separate bids on blank
furnished
has not yet dropped to its pre¬ forms
by
the
City
Municipal
■
—
war
^
.
a
Authorized
recently
bonds.
of
authorized
the
the
The above
$1,900,000
bonds
issue
at the* election held
on
United States
—
issuance
$1,000,000 school construction
part
approved
are
May 21; :
specifying
(a)
the
tural
the six years
18.
Galveston, Texas
Issuance
Comptroller,
Bureau
.
UNITED STATES
The Board of City Commissioners
level.
figures showed the "na¬ lowest rate of interest and the
increase" in population — premium, if any, above par at
pansion program.
the excess of births over deaths— which the bidder will purchase
Winnsboro Independent Sch. Dist., reached a peak of .930,000 in the bonds; or (b) the lowest rate of
last half of 1942, but declined to interest at which the bidder wili
Texas V:.Bonds. Voted — An issue of $25,- about 720,000 in the last half of purchase said bonds at par, said
bids shall be without condition,
000 Construction bonds was ap¬ 1945.
*
The increase in population in interlineation,
explanation
or
proved at the election held on
share of
.' Local Housing Authorities Sell
$37,530,000 Notes
total
—
Of the grand
of $47,228,000 notes
offered
of
164,
? prl9'6—a block of $37,500,000 were
for sale
local
on
July 9 by
a group
housing authorities—v.
since the last census
at 8,700,000, only
estimated
erasure.
Said bonds shall be regis¬
trable
as; to
principal; or prin¬
than * the 8,900,000 cipal and interest, at the option
gain recorded in the entire ten- of the holder. The bonds will be
year
census
period preceding delivered to the successful bidder
in Seattle, New York City, Chi¬
April 1, 1940.
The figures include members of cago, Boston or Cincinnati, at the
the armed forces overseas. The option of the purchaser. Enclose
a certified check for 5%, payable
bureau said the civilian popula¬
•>- / .• -tion in
the
continental United 6 the City Comptroller,^-i£
was
of
.Municipal Auditorium
400,000
Low-Water Bridget Y f 50,000
held
June
July 6.
.
submitted on May
'
.
on
bonds were authorized at the elec¬
Bond
-.voters.;;!)^
Y-
thereafter
interest
propositions Hospital and Airport bonds. These
tion, and all issues were
■
date
or on any
The following
—
bonds amounting to
favorably
„.
in 1956.
200,000 Road bonds. Due Aug. 1,
Y f as follows: $50,000 in 1947 and
payment
Fourteen tax bond
were
and
Voted
Bonds
1, as follows: $26,000 in 1947
"New York Bond Attorneys
Bond Program
Sherman, Texas
^BondsTbffered* Raymond
Austin, Texas
prove
construction
Fexas
bonds
water main bonds.
■
gymnasium
290,000
Planned -— The
Election
following
••
struction of vocational school, and
struction bonds.
Abilene, Texas
slightly
less
-
@FedFRASER