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w
ADMJ
BUS,
'♦
*
\
LIBRARY
HRONICLE
Reg. U. S. Pat. Office
Volume
New
Number 4403
162
PUBLIC UTILITY
-
INDUSTRIAL
-
INSURANCE
-
: t
Pursuant
the capital expenditure-of $30,000,000
after the war and the extension of service to 30,000 additional rural
customers, itrwas disclosed on July 7 in Butler, Ala,, by. Thomas W.
Martin, President'.of'the company, -speaking- at-ceremonies marking
the completion of high voltage power lines to serve South Alabama.
—V,; 161, p. 2781.,
The
has plans for
company
V
American Crystal Sugar .Co.~-Annual Report--
is
increase of 9.7%
an
each
of
share
Amalgamated Radio Television Corp,-—New President
dent.
capital
stock
of
The
Albany
&
Susquehanna-RR.
the year
dried
refined
pulp
Net
per
p.-:
New York Curb Exchange
Boston Stock
$419,816
$1,589,680
excess
$1,631,226
Pittsburgh
385,481
taxes_
245,000
741,000
577,000
527,000
Cr502,000
711,000
—
Crl68,000
JEst, refund of pr. year's Fed, taxes
—XiiXxX'
begin, of the year- "
'■
Earned surp. at
$975,745
$1,090,227
4,562,133
$747,468
4,879,781
Balance surplus
>'
t
Total
„X $5,627,249
-
dividends
Preferred
dividends
.
„X.;
; 4,493,969
275
275
272,975
Earned surplus at
end of the year
$5,242,121
7,983,696
$0.53
SEarnings per common share™-—
•Less
returns
and
and'Federal
allowances
$4,879,781
7,983,696
$0.24
-
excise
tax
275
276
276
—
identity
The
Consolidated Balance
Notices '
applicable to
XX
Cash ■—;
1
U.
vv.
Accounts
S.
Government
securities
receivable
Inventories
,
^
——
Notes
a
payable to banks
payable
Condition Statement of Member
'—'
•Accrued
tax
on
Federal
accrued
Other
Estimated
taxes
manufacture
income
sugar
and
.
of
•"!'
profit
cumulative first preferred stock
Common stock ($10 par
6,419,820
3,639,660
w—5,242,121
• 7,983,696
Earned
surplus
Capital surplus
Total
($100 par)
:
expenses
&
1944
■
■>
'
...
■
1942
1943
"■
•
■
$*,709,823
$4,604,234
$4,980,235
1,278,963
213,886
■.
1,284,055
1,624,718
$3,696,179
$3,324,172
29,301
12,695
23,985
$3,354,554 ' $3,708,874
.
1,325,968
$3,383,856
1,684,259
—
$2,919,974
$3,348,158
;
250,652
—
(after de-
income
"Y-'.-.-i preciation
charges)
•Prov. for income & ex-
$2,669,322
profits taxes_^__
Prov. for contingencies-
501,190
2,230,048
$1,022,738
$1,124,506
6 -210,483
$928,347
210,700
385,763
514,351
$1.78
$1.39
Net
Banks of
;
for
income
Of
on
common
Earns;
per
After
i
J
> 112,242;
pfd. stock4;^
Divs.
stock
546,787
sharei*
com.
'$1.74
deducting .post-war
Consolidated
-
;
.
; 300,000
refunds/; y !
Balance
Assets—Cash, $3,945,449;
284"
2,480,526 •?: 1,914,477
V
-
year_
Divs.
284;
1945—12 Mos.—1944'
1945—3 Mos.—1944
Period End. April 30—
$163,613
.deferred
(& Subs.)—Earnings—
•-
,
734,713
6,419,820
3,639,660
'-4,879,781
7,983,696
$27,314,697 $26,114,237
159, p. 2513.
net
•Total
Profit
-
sales—
sales——,
befoi-e
:
marketable securities,
$1,032,814; accounts
/
•
taxes,
and
.*
•
••
normal
surtaxes
other,
7,251,009
5,091,297
25,490,119
19,706,844
taxes
■;
in-
on
5,100,000
come
3,500,000
17,700,000
.12.900,000
2,151,009
1,591,297
7,790,119
6,806,844
$338,397;
Consol.
profit
Earnings per share:
5%
preferred stock;.
net
v
nority interest in subsidiary company, $72,013; 4xkc!o preference stock
(par
$100),
$2,394,500;
common
stock
(528,057
shares, no par),
$8,800,950;
surplus,
$5,500,007;
surplus
reserves,
$69,553;common
stock
•Excluding
$7.52
1.05
$37.39
$32.18
.73
3.74
3.15
-
;
sales of stores not owned
the
at all times during both
in
for
Federal taxes
at cost
treasury
160,
p.
(4,723 shares), Dr$77,053;
total, $18,742,013.
1074.
American Ice Co.—Tenders of Stock Made—
It
on
income has been made on the"
applying the "last-in, ..first-out" principle of determining
amounts of certain merchandise inventories.—V. 162, p. 129.
of
the
.
is
reported
r.on-callable
der
Note—Provision
basis
—V.
■
$10.33
stock
Common
payable, trade,
$394,178;
accounts payable,
and excess profits taxes (after U. S. tax
c
income
savings, notes and accrued interest thereon of $1,500,750), $307,057;
social
security and other taxes,. $112,864; salaries, wages and com¬
missions accrued,
$504,548; reserve for contingencies, $325,000; mi¬
profits
excess
plant and equipment, includes patterns and drawings of
(after: reserves for1* depreciation of $9,957,655), $6,875,234;
charges, $92,781; patents, less amortization, $92,444; total,
Liabilities—Accounts
49,591,228 253,360,226 208,383,801
49,545,941 245,427,784 208,330,064
Federal
taxes-...
Federal
61,027,826
58,812,639
SPECIALIST IN
v
■
ELECTRONICS
FLORIDA & NEW JERSEY
-YYwi
rails
its offer
price
to
of $100
shares of
that
preferred
a
at
*
least. 30,000 shares of 6%. non-cumulative
have been tendered to the fpmpany un¬
stock
purchase up to $3,000,000 of the stock at a maximum
share;' When the offer was made, there were 87,000
161, p. 2654.
|
preferred stock outstanding.—V.
.
INDUSTRIALS' "
Y
Company
45
Telephone
STREET
TT4nn«pr 2-2600
NEW YORK
small
which
4; N. Y.
■
Bell Teletypei NY 1-573
''
•
are not
readily marketable.
INQUIRIES INVITED
INCORPORATED
Members
Established 1922
30 BROAD
found
■
Kobbe, Gearhart & Company
&
Banks, Corporations and Individuals have
us an effective market place for large or
BLOCKS of SECURITIES
Municipal Roiids
qAllen
*-J*'
Sheet, April 30, 1945
-
DEPARTMENT
—
$1,433,679
211,422
848,679
$2.38
$18,742,013.
v.
net
Total
v
-
tax notes of $315,000 in 1945 and $505,000 in
MUNICIPAL
-
.
$4,948,890
gen.
—
Net
periods^
!—
——
•Less U. S; Treasury
.
(& Subs.) —Earnings—
1945
mfg.
—...
$259,962;
v-;
■
•
taxes—; 210,494
cost of
.428,576
6%
,
.
from
operations
Selling, admin.
*
Sales
Allied Stores Corp.
"'
$500,000
463,719
•
1,906,606
».i—.—807,188
to
Europe,
Years End. April 30—
284
Federal Reserve System
Auction
886,527
additional
Reserves
1944.—V.
excise
:
decision
awarded
also
161, p. 2105.
Gross
8,673,601
$676,537
on
of
I
,
its
announced
ceivable, other, $102,855; inventories, $4,383,778; post-war refund of
excess profits tax,
$401,959; non^current investments and receivables,
XX
$27,314,697 $26,114,237
;
5
$313,939
'':■
Accounts
Acquisition Approved—
V
American Fork & Hoe Co.
Banks,284
Reserve
257,449
Liabilities—
—
Foreign Exchange Rates..—
Combined Condition Statement of Federal
12,020,164
Total
—
July
on
2,837,060
1,125,49.7
$368,076
5,663,060
1,021,083
v
212,106
crops—
*
-receivable, IT. S. Government, $355,728; accounts and notes receivable,
trade less reserve for bad debts, $1,199,009? accounts and notes re-*
1944
'
X—-i—7,602,151
applicable to growing
,
acquisition of American Export Airlines by American
but ruled that "Export is not to lose its independent
separate corporation.''
:
-
Continent
—V.
r
283
281
284
—
Dividends Declared and Payable—
V
1945
Fixed assets (net)-i——^;—11,385,013
Other assets ——1,063,209
Advances
h'
as
CAB
Board
cess
—
The Course of Bank Clearings
Sheet, March 31
.
net assets were*
share on Dec, 31, 1S44.
"Export" routes to the British Isles and to
and
permitted
"Export"
and
American
Airlines, Inc., jointly to provide a single system air transport service.
the
241
291
News
Offerings and Sales. _
Redemption Calls and Sinking Fund
(applicable to products sold)
after depreciation
Assets—
.
*
the
Airlines,.. Inc.j
expense)
State and City Bond
aggregating $974,471 for 1945, $918,955 for 1944 and $908,237 in 1943.
\ t
Aeronautics
Civil
approve
,
—
General Corporation and Investment
$4,562,133
7,983,696
$1.94
for
Note—Net income is
a
....
,
tAfter $64,000 in 1945, $58,000 in 1944 and $79,000 in
post-war refund.
tArising from carry-back of unused excess
profits credit (less related reduction $42,000 of post-war refund of
excess
profits taxes.
SBefore estimated refund of tax arising from
carry-back of unused excess profits tax credit
VX-XXX .Xv
1943
$3.80
American Export Airlines
The
Miscellaneous Features
sold,
sugar
•
31,' 1945,. that
May
against
l.
Operating income
Non-oper. income (less
636,940
■
Of
as
share;
...
385,122
385,124
a
Overseas Routes Awarded—
$5,584,196
$5,537,879
385,128
_—
Capital surplus at end of the year-
.
i6i,.p.
•■
Common
1
$4.29
—.
I.
i
to
the following orders for freight
Georgia Ry. Co.; Savannah, Ga.,
10 modern streamlined passenger cars; Erie RR. Co., 700 50-ton 40-foot
six-inch steel sheathed box cars; U. S. Government, War Department
(for
China-Burma-India),
4,000
30-ton eight-wheel - 42-inch gauge
box cars,
190 30-ton eight-wheel 42-inch gauge tank cars and 130
30-ton eight-wheel 42-inch gauge refrigerator cars.—V. 161, p. 2326.
276
Toronto Stock Exchange—!
—277
Toronto Stock Exchange—Curb Section...
276
Montreal Stock Exchange..
278
Montreal Curb Exchange
279
Over-the-Counter Markets..—'
280
Transactions New York Stock Exchange..
263
Transactions New York Curb Exchange.!;
263
Stock and Bond Averages
263
366,343
567,000
326,287
Stock
St. Louis Stock Exchange..
$2,908,569
reports
company
receipt
274
">
Stock Exchange
Exchange
Philadelphia
46,950
$2,049,756
profits
' y ' V■"'
The company announces
of
and passenger equipment;, Central of
—,
tFederal
2325;'Vf;;r;..;f;!:^;
274
—
Angeles Stock Exchange..
Los
$2,861,619
41,547
Federal income taxe»_—
—
Detroit Stock Exchange.——
715,620
:
J
Exchange,.
Stock
Cincinnati
$2,145,999
1,169,864
$2,008,260
41,495
income
—
Exchange
Cleveland Stock Exchange—
16,916,794 ,19,774,069
$844,539
deductions
Other
$0.93
share..' $1.03
;!•
268
273
273
-
Stock Exchange
Baltimore
Chicago Stock Exchange
1,163,721
from other sources....
income
Gross
>
121^000
outstanding-^.;.—j133,100
common
American Car & Foundry Co.—New Car Orders—
Page
253
264
XV;.v
New York Stock
XX'
13,517,273
The
./x'XVrvv;x, ::Vvx: K XV
ExcHknge (Stocks)
New York Stock Exchange (Bonds)
XX X;
XX
ad-
operating
Other income
and
sales
from
Net oper. inc.
;■:.
■
May 20, *45 May 14,'44
charges & taxes————i 1
$136,993
$112,818
all
shares
161;
—v.
,
expenses) /—X_—
ministration
Profit
sugar
gen. As
Cost of sales (Inch sell.,
aft.
Common
Stock and Bond Quotations
,3.943
'
-X..vf.V'A
'XXXX
X._———™ $14,361,812 $17,336,610 $21,920,067
of
:
J
.
Weeks Ended—
inc.
equivalent
..
,
sales
129.
American Business Shares, Inc.—Asset .Value—
''XV 19451944'
•Gross
Approved—
162," p.
American Box Board Co.—Earnings—
: 24
Net
Iny Thisy- Issue):%
.■
Consolidated Income Statement for Tears Ended March 31
■
See American Export Airlines below.—V.
:i
Earnings
than the farm lands owned at;
y.
Quarterly dividends of $1,50 per share on the outstanding preferred
stock of the company have been continued;, however, because of the
very
reduced net earnings as .compared with normal, it has been
thought advisable to temporarily discontinue dividend payments on
common stock,■■■,
v: ' /v;
-
':.X-
elected Presi¬
" •
been
compared with the production for the previ¬
as
commencement of
has
American Airlines, Inc.—Acquisition
Co.
year;
the
Vice»President,
VaXxx.',
'XX-
Henry- J.- Barreca; formerly
one
—v.
lands, which total is 3,412 acres less-
\
1945,
2,
h The Manufacturers Trust Co. has been appointed trustee for the
general mortgage issue dated July 1, 1945, in the principal amount of
$4,187,100.—V. 162,. p. 129.
X:/XXX'X'/ -X;\XX;: ■■"-XX'
-«■.
•,
July
general mortgage bonds, due 1975,-have been admitted to
the list by the New York Stock Exchange" and the capital stock of
Albany & Susquehanna RR. was suspended from dealings on July 3.
bags
.
.effective
merger,
of $100 par value, of The Delaware & Hudson-
4lk%
The
During the past season the industry produced 19,710,234
of sugar containing 100 pounds each as compared with 18,766,- .
186 bags produced-during the season of 1943, or an increase of 5.0%.
The increase in production of this company during the year was some¬
what greater than the increase in production of the industry as a
whole.
;v;V V
— "X, X:"X
i
At the close of the year the company owned 23,313 acres of farm
ous
of
agreement
general mortgage bonds, due
1975, of The Albany & Susquehanna RR.-Is* issuable-in exchange -for
:
eight plants owned by this
company were operated; the longest campaign being 103 days at the
East Grand Forks, Minn.,-factory and the shortest campaign being
38 days at the Grand Island, Neb.,- factory;
The production of sugar*
showed a total of 2,286,888 bags containing 100 pounds each, which
ah
to
capital stock
and $150 principal amount of '4V2%
Co.,
/
During the year under review -all of the
of
share
'MISCELLANEOUS
-
■
Albany & Susquehanna RR.—Exchange of Securities-
Co.—Plans Expansion of Service—
Alabama Power
Copy
a
Corporation and. Investment News
General
RAILROAD
Price 60 Cents
York, N. Y., Monday, July 16, 1945
New
York
NASSAU
Security Dealers
STREET, NEW
Association
YORK 5
■
Telephone
Enterprise 6015
120 Broadway,
CO., INC.
New York 5, N. Y.
Bell Teletype "
Philadelphia Telephone
RFrtor 2-3600
HILL, THOMPSON &
.
New York 1-578
ilillll
_
May
A
of
summarv
Everv
in
Increase
Rate reductions
totaling more than
fitantiaiiy.
refunds
eas
160,
every war production and
in rates, although operating costs
sold
of
revenues
increased $5 960 000
...
..
:
an
FF ,'i--
Iractionally lower
however,
were
revenues
*>
nf
£>0„T,iT,„.
.
of ltj
consolidated net equity of this company in the earnings
subsidiaries was about ,3%^ less than in 1943 -while
company actually received from subsidiaries was about
In 1943.
The net income of the company was equal to about
of its full annual preferred stock dividend requirements.
The
the-income
32% less than
one-half
Superior
Minnesota
and Power Co. has been
Water, Light
Power
Texas
decision
will be
income
$754,101
Equipment rents, net Dr
Jt. facility- rents, net Dr
131,550
218,809
income-
$403,742
28,784
Total
V. lu<5, p» loll.
Subsidiaries)
Comparative Income Account (Including
v.,,
,
1944—3 Mos.—1943
*
*
Subsidiaries—
Operating
expenses—.
taxes
Federal
Other
4,690,544
2,364,050
taxes
retire, and deple--
Prop,
tion
approp..
2,844.016
revenues—
10,803,274
104,506
reserve
*
4'
•
come taxes
v.*
'
l!o69i976
(net)—
Other income
income
Gross
......
$356,647
129,423
Cr4,795
1 Crl,905
Int. charged to constr. -.v.Miscell
reservations of
-
(net)-<._i.
deductions,
Amort,
of
divs.
to
public—
of
"
Net equity
of
7,152,771
i fi 449 fifiQ
44 804
44,694
48 4ia
48,438
11847
11,647
Total
subs
su»s——
£7 84"S 700 £17 787 100 £18 704.171
$3,845,700 $17,783,100 $18,394,171
£4 RRR 486
$4,888,485
Light Co.—
(as above)..
•
$3,845,700 $17,783,100 $18,394,171 <
33,794
203,315
93,116, ;
$4,888,485
67,891
-
...
other
/rru
\
*
•,
Sales
30—
;
—
1945
,
....
surplus..—
Balance,
$15 316900 $15'347 262 ?
316,900
347,262
$15,090,550
$4,220,432-' $3,005,495 $14,911,170
Qf
applicable" to
respective
periods
Whether earned or unearned,
tlncome tax is shown in this position
In the statement as required by the system of accounts and regulatiens prescribed for registered public utility holding companies.
dividend
•Full
requirements
Income Account, 12 Months
Other
income
464,101
435,186
Accrued
Interest
and other deductions—2,294,244
316,900
2,614,289
347,262
2,775,552
328,690
$5,187,086
$8,433,404
$5,607,256
♦Income
Net
taxes.
...
income
♦Income
...
due 2002;
'
*
Balance
Consolidated
Sheet, Dec.
31,
1944
Assets—Plant, property, and equipment (including intangibles) of
companies (based on ledger value), $713,979,453; net adJustment arising from the elimination of intercompany-held securities
and
balance
of surplus of subsidiaries
at dates of acquisition as
subsidiary
$20,278,485; miscellaneous securities
(ledger value), $6.non-current receivables, $179,898; sinking and miscellaneous
funds,
$2,030,079; cash in banks—on demand, $34,918,508; interest
and matured long-term debt, $2,599,354; other special deposits, $218,adjusted,
352,880;
funds, $383,471; U. S. Govt, securities, and other temcash investments, $65,264,742; notes and loans receivable,
accounts receivable, - $9,281,639;
materials and supplies,
$5,997,992; prepayments, $368,450; other current and accrued assets,
$248,158; unamortized debt discount and expense, $12,477,743; discount and expense on capital stock, $1,405,568; other deferred debits,
081;
working
porary
$146,819;
$1,294,160; reacquired capital stock—subsidiaries (11,567
ferred), $1,158,067; contingent assets (contra), $368,697;
shares pretotal," $878,.-
,3
949,243>
Liabilities—$6
preferred
stock,
$79,300,926;
$5
stock,
preferred
$37,434,351; preferred stocks of subsidstocks of subsidiaries (14,603 shares),
$252,502; long-term debt, $333,583,390; accounts payable, $3,114,790;
currently
maturing long-term
debt, $500,000;
dividends declared',
$1,009,081; matured long-term debt and interest (cash in special
deposits),* $395,669; customers' deposits, $4,958,807; taxes
accrued,
$31,524,026; interest accrued (including $2,203,138 for which cash is
in special deposits), $4,977,549; other current and accrued liabilities,
$312,417; customers' advances for construction, $750,673; unamortized
premium on debt, $2,475,318; tax saving—deferred under order of
regulatory commission, $354,154;
other deferred charges, $455,640;
reserve fqr property retirement and depletion, $95,333,810; reserve for
amortization of utility plant acquisition adjustments, $1,989,680; reserve for uncollectible accounts, $895,425; reserve for inventory adjustment,
$461,186; reserve for injuries and damages,. $988,381; other
reserves,
$788,169; contributions in aid of construction, $1,829,041;
contingent liabilities (contra), $368,697; undeclared cumulative dividends on preferred stocks of subsidiaries held by public, $3,859,627;
minority, interest in surplus- of subsidiaries, $59,683; capital surplus,
$43,394; appropriated surplus earned, $264,411; earned surplus,- less
$97,844,400; common stock,
laries,
$89,056,200; common
,,,
.
.
}
f
^
i.F .r »"
'
■
\
i, ,
-
—V. 162, p. 130,-v'
1
-
-
i
AViailon L-orp. (BBL)
unpaid
-
liabilities
—
—
—
109,724
3,687,538
5,362
^
238,617
2,782,104
—
__i
3,328,579
u
328,250
2,410,051
$9,287,583
3.
P.
it is
not always
to arrcnge companies in exact
However, they are always as near
alphabetical
NOTE—-For
possible
order.
mechanical
reasons
alphabetical
possible.
position as
Works—New Engine Contract—
for five Diesel-electric switching
from Western Pacific RR.^Co.
will be about $400,COO, and delivery is expected
Baldwin Locomotive
1944
The company
•
$7,927,000
,
of
locomotives
in
has received an.order,
1,000 horsepower each
aggregate cost
and September.—V.
August
the
the
;
out-;
on
Lake
Ohio
corporation formed by and controlled by the two railroads., The
Legislature recently passed, and Governor Lauscbe has approved, an
enabUng act which will facilitate the financing of this project. Con¬
approval of the project
and the allocation of essential
Board.—V. 162, ps 130.
undertaken immediately after
by the necessary governmental bodies
critical materials by the War Production
Beau
otOCk Uptrons
>
;
■
i
Inc.—10-Cent Distribution—
declared a dividend of 10 cents per share on
the
common
stock, par $1, payable July 30 to holders of record
July 18.
Distributions of 20 cents each were made on March 15 and
June 15, last.
In 1944, the following dividends were paid; March 6,
20'cents; June 2 and July 29, 25 cents each; and Sept. 15 and Dec'. 15,
15 cents each.—V. 160, p. 219.
. .
,
•; )
Beech Aircraft Corp.
tinued—^
^
—
Merger Negotiations
Discon-
--f-f
Officers of both this corporation and the Cessna Aircraft Co. jointly
stated on July 11 that negotiations relative to the proposed merger of
the two companies, announced June 17, 1945, have been discontinued.
Dropping of further negotiations resulted from unexpected complica¬
tions in the war production operations of the companies which make"
the proposed merger impractical at this particular time,
' .'
Officials
stated that, while no. - further ' moves toward a merger
would be attempted'now, both (Companies will continue as before to
-
■
each
cooperate fully with each other in the war program and": render
other assistance in conversion to peace-time operation.
During the
recent period of negotiations several mutual programsof facilities
utilization were arranged and these, it was said, will be continued
on
a
sub-contract basis.-.
F;
'i
Civilian Orders for
Has Large
Engines—
.
for over $1,100,000 of engines alone
consumption,-T. A. Wells, Vice-President and Chief . Engi¬
neer, has announced in the "Beech Log," employee publication.
Pro¬
duction of commercial Model 18 twin-engine Beechcrafts, for which
there is a large backlog of orders, will be resumed about October;
at the rate of about one
plane per day, he stated. The Model 18
for
corporation has firm orders
civilian
used • as an executive
difficulty is expected in
be
probably
will
aircraft.
Little
transport and feeder-line
obtaining materials, it was
stated.
The
which
Brummell Ties,
directors, have
The
The
;
'
the
F - fF:;-:'FV;';
F ; ,
'-y.;
v
.
construction of a new joint facility coal and ore
Erie, located immediately on the lake front at
Toledo, Ohio,.-were announced on July 7 by Roy B. White, President
of
the Baltimore
& Ohio RR, and G. Metzman, President of the
New York Central RR.
Estimated to cost $15,000,000, it will be one
of. the largest of its kind
in the country and will provide modern
and
readily accessible facilities for the transshipment of coal and
ore
between railroad cars and lake vessels..
^
The new terminal will be built, owned and operated by a separate
for
Plans
terminal
struction will be
.
162, p. 130.
RR.—Plans New Terminal—
Baltimore & Ohio
.1$ qxerqisable,any time after, Noy, 8, J.945,. thq second one-third after
>.
V.-J' > *«' '.*•
«i 1 -3
"1 >■
w > ■' >•
»' "• ' t ' « '• ?■'. "
1
•' '
i>
$2,463,600
41,838 ,f
52,051
26,963
36,877
14,989 F
3,969
6,708
6,246 ri- . 3,031
2,667
: - 2.667
2,667
1,301,892 :
1,315,000
720,472
$10,899,653 $10,677,899
162,
>
purchase 90,000 common shares at $6.37% a share, one-third of
■
i
^
,
$2,463,600*. $2,463,600
—_
"*l
Irving B. Babcock, President, has been granted an option to purchase 75,COO shares of the company's common stock at $5.75 a share,
The option, dated Dec.- 28, 1944, and good for three years, permits
Mr. Babcock to purchase 25,000 shares any time after'Oct, 1, 1945.
A. second group of 25,000 shares may be purchased any, time during
1946, and the remainder during the balance of the three-year period.
Victor Emanuel, Chairman, received an option dated May 8, 1945, to
,
$9,287,583
-
:
34,080
Babcock & Wilcox Co.—50-Cent Distribution—
/
directors recently declared a dividend of 50 cents
per shara
the no par value common stock,
payable. July 31 to holders of
record
July
14.
A distribution of 25 cents
per snare was "made
on April 30,
last. In 1944, the company paid 25 cents each on-April
29 and July 31, and 50 cents each on Oct. 31 and Dec. 30.—V. 161.
p. 2106. F
F-i.'
:'i-
: .„■ ;
J . : t '■
The trustees of the Associated Gas & Electric Corp. report that the 1
electric output of the Associated Gas & Electric-Group for the week '
ended July 6, 1945, amounted to 118,416,276 kwh..-,. anincrease of
6,273,279 kwh., or 5.6%, over the'corresponding week of last year.'
Weekly Uutput—
374,468
The
:;"F '■■■hfr-fV'.FFf
the possibility-Fthat brokers- and
^
690,166
on
dealers .who buy-or sell,these securities without -adequate disclosure;.
of their status under the, plan may be found to be violating the fraudf
' provisions ,of the Securities Act of 1933 and the Securities;Exchange Act
1934.: ' '"7
V..
., F
F
»mopt accruing to minority interest, $83,767,839; total, $878,949,242.
16?,, p, .2,-
Allotment Certificates; y,-.t
Finally, the Commission mentions
54,545
112,494
323,831
257
1,051,320
Total
Co.—r-Trsdill^ in Securities
•
570,958
;" 391,678
4,869
137,317
——3,712,529
5,979
Appropriated surplus
—
f
238,617
Unappropriated surplus—3,088,946
sales highest levelproducts cornthe of civilian
in the have
.....
•
453,258
5,660
234,089
■
Unadjusted credits
Unearned surplus
Associated Gas & Electric Co. convertible obligations, series B, due
2002i
Associated Gas & Electric Co. $6 dividend series preferred stock;,
Associated Gas & Electric Co. $6V2 dividend series preferred stockAssociated Gas & Electric Co. $7 dividend series preferred stock.
~ Associated Gas & Electric Co. $6 cumulative preference stock*. ,
"
The Commission also lists the following securities as not being permitte'd to participate in the reorganized company at all: . .. • ; >
Convertible certificates;
•
: * '
'
^
•
Convertible obligations (without maturity)^
.
Convertible obligations due 2002, other than those in ;the hands of
original holders hs described in List' No. 1;
.
. t.
Scrip maturing on or after January 10,. 1940;
-'.'•••'Fr
Preferred and preference stock (other than shares in the hands
of original holders .permitted to participate as described as set forth
in List No. 1);
'
WF-V:''F:-v.
Class.A stock; fV . F ' if
s
Class B stock;
'■ Ff/FF "
. '■F'.FhF..'F*
Common stock; ::'f •.•.''■•f'F'f.;,
'FF';'r0
Stock purchase warrants;
<
<
in the statement as required
regulations prescribed bv public utility*
is shown in this position
tax
by the system of accounts and
holding companies.
870,000 s
46,583
65,851
liability———
tax
current
Other
the'
402,993
Expenses
' i
•*
-
L
——.
I
.
—
-
,
56,708
22,358
—.
Unmatured rents accrued-—
—V.
standing securities of Associated Gas & Electric Co. will be permitted
to participate in the reorganized company only if they are in
hands of "original holders" or persons', succeeding the "original
holders" by virture of inheritance or similar operation of law:1; ..• •
Associated Gas
& Electric
Co. convertible obligations, series A,
$9,114,491 r
227,410
—
——
Dividends matured
,
,.
commerclal products is several.,
for
$7,589,539
738,587
payable F;FMiscellaneous accounts payable
—
—
Attention of members of NASD is directed to release issued by
SEC on.June 9, 1945 in which they discuss certain features of
present plan for reorganizing the Associated Gas and Electric Co.
The Commission points out that under the plan the following
;
$9,048,751
65,740
$8,262,331 $11,830,141
income
Total
orders
Associated GUS & Electric
1942
1943
—$7,954,820 $11,737,025
307,511
93,116
subsidiaries
unfiUed
$7,732,848
330,000
Audited accounts and wages
times the largest amount outstanding at any time during peacetime
operations, Mr. Markey said. At the end of March the company's.
total backlog of unfilled orders was about $9,000,000.—V. 161, p. 2214. ,
■ F
V3 ■V:F"-a;7'":F.
.
Ended Dec. 31 (Company Only)
1944
from
Income
J' c- Markey> President, are now at
to increase and states that
continued
1942
$8,194,310
$10,899,653 $10,677,899
—;
—
Liabilities—
The
tlncome56 taxes""""""" $4'246 314 $3 126 562
taxes
4b,3l4
126,562
Tincome
1943
receivable—
supplies—
—
receivable—
Capital stock
1,582,431 »
1.509,836
Cr59,699
$7,884,000
——-
—-
/'-'fi.''-
31
Dec.
1944
•
i
assets
Total
'
$4,329,847
Etc.—
"
•>
•'
equip., etc.___
-
Unadjusted debits
'
Coln,
A
(The) Aro Equipment Corp.—Sales,
Sheet,
Balance
$220,151!
$626,907
$492,984
$425,314
dividends
and
Deferred
—
[
•
j
accounts
and
Interest
$1 440 168
$275,599'
of the company's first and re-,;
surplus.—V. 161, p. 2551.
7 Months Ended June
2,614,289 s
2,294,244
613,464
557,269
deducts.
credited "to earned
$3,879,-494 $17,986,415 $18,487,287
133,973
-464,101
435,186
$4^956.376
*132,361
—
and
-
with the redemption
connection
62
;;
In road,
conductors
Material
funding mortgage gold bonds charges were made to earned surplus
Jn thg aggregate. amount 0f $2,277,259 representing unamortized debt
discount. and expense, ', call premium, and duplicate interest on the
bondg redeemedi which charges are proper deductions in the year 1944 •
for- Federal and State income tax purposes. Accordingly, there has
been amounts described as "charges in lieu of income above statement( included as an operating revenue deduction in thetaxes," representing the estimated reduction in such taxes resulting from the
aforementioned charges to earned surplus. Such amount has been
'
in
co
income
Expenses
Int.
6,223,372
1,786,149
$220,229
33
Generii
Miscellaneous
$2,048,777 $1,297,279
608,609 1,021,680
' $177,958
$212,050
applicable to preferred stocks
...
$626,940
70
551,950
and
ToTvTinri
366,000 F
>
$493,054
523
Temporary cash Investments—
Net balance receivable from agents
4.
.■
•
,
Balance
ti 8^7 147 <-17 R97 704
1,494,941
'
-
13,000
incorae
Dividends
.
$5,043,495 $24,051,166 $25,595,380
$4'897'324 $3-857-347 517,827,794 $18,442,609
American Power &
Other
"
- .
17,139
$226,451
6,222
Cash
" :
Balance
628,500
.31,5,773
1
8 Rio
interests—8,839
eouitv
net
_
interests
■
*
;
897 9?4
aDolic""
noritv
inc
15,507;069
$6,392^65
Balance
Net
41,102,449
16,276,686
.
Balance
Por iom
40,956,352
3,915,487
acquis.
plant
adjustments
•Pfd.
9,558,983
4,199,742
:
$632,680
5,740
1
Investments
183.653
,
1,129,626
4,112
Cr40,360
'
24,314
$498,941
5,887
unfunded
on
;F
$4,146,194
$3,499,931
78,125
2,214
10,907,780
other
Int. to public and
L
—J
1
$202,137
20,435
$425,837
—
Assets—
1,480,000
162,255
1,236 •
882
i
$3,337,676
$266,502
——:
..
-
1
—
income
Gross
40,572,580
383,772
9,433,984
124,999
5 28 750
$355,411
!
$612,244
<
for
Net, income F.——
$4,346,194
vF. .iFFF,
124 000
200 000
40,751,260 :F Int on mtge. bonds—
a 351,189
; other int. & deducts..
>—
Net oper.
15 750
$265,620
$467,749
/ 31,193
charges F.
debt-
fixed
Int.
92l;701
, 896,937
$3,461,676
105,000
$281,370 - $384,161
oper.- revenues.-
Net
inTonn
79,517
F; Prop. ret. res. approp.
F-
,AJJ
1944—12 Mos.—1943
r; 9
*
34,957,356 140.411,796 134,451,285
Rent for lease of plant
14,172,592 55,631,094 51,421,389 J
fnpn
6,299,285 22,394,7.75
20,400,970 ;.V
2,120,144
10,178,597
10,125,843 V:
Operating income __
F Other income (net) — "
2,931,351
11,634,750
11,751,823 F,
v
34,878,999
14,177,115
Operating revenues
-
$401,493
59,672
139,684
$432,526
v
6,689
—
available
Income
3
-r,
income
deductions
Misc.
Co.—Earnings—
«,
269,201
$837,939
67,525
158,170
income
Other
of the
company
in the principal amount of
i<-iq7c
v i(!9 n 1^/1
*
purchased and retired during 1944." A proposal to pay
iy»0.
.
,
off and retire all of the remaining debentures is awaiting authoriza■ .
' ■
tion by the sec. ...
... ^
Arkansas Power & Light
. •.<
On the proposal to issue one class of stock in exchange for the'^-r. perjod En^ May 31—
1945—Month—1944
1945—12 Mos.—1944
company's preferred and common stocks, extensive hearings have been ;, operating revenues
A .-$1,300,141 $1,301,798 $16,985,332 $15,168,503
held before' the SEC.
Further proceedings are awaiting action of the
operating expenses
656,749
542,979
8,455,021 ■ 7,591,185
Commission, which in turn awaits, further development in. the court *
pederai taxes
" •
..
' 4191 976 "* 181,045
1,362,400
829.423
proceedings to review the order of the Commission directing disother taxes
88,613 '
F
solution of the company.
,•
« 1 charges in lieu of ini
Period End. Dec. 31—
oper.
841,777
'
. _
$670,694
150,873
206,459
*
,
$2,491,044
1,820,350
$825,080
ry.
1941 ••
•
•
$1,679,716
,1,367,016
fr;
rev.
1942
$4,000,671
2,320,956
$2,192,096
1,343,373
'
.
.
$2,097,474
first mortgage bonds
serially through Sept.
90^529
$5,278,915
3,086,819
oper.
Net
Net ry.
.
1943
$5,711,683
3,614,209
revs
Railway tax accruals™
bonds
Debenture
$2,165,100 were
opfer:
T
RR.—Annual Report—
1944
Railway oper. expenses-
Railway oper.
...
.
^
jic july 12 an -/issue of $2,865,000
carrying various coupons and due
SEC
the
Railway
Arkansas & Memphis Bridge & Terminal Co. Bonds
Offered—Shields & Co. and R. W. Pl'essprich & Co.
headed a group of underwriters who offered to the pub-
Supreme
S,
the
of
,,
0.
.
1947, but not
.
Calendar Years—
.
p. 130. . ,
- f:.Fl,:,;y
Inc —Outout— '
P-
v-
Court has granted the company's request to
of the Circuit Court of Appeals upholding the directing the company to dissolve, and argument .
held next fan.
.
-
U.
The
review
Co., tq supplement
Coast,.and between;
Earnings for Six Months Ended June 31, 1J15
1™'^" £mSx 031 Srr*S5^"~™
P" o
l,5Ui,0Ji capital ,mares.—
and
been
investment'- totaling
& Light Co. in the
since the close of 1944.
Additional
$15,500,000 has been made by American Power
common
stocks of these two subsidiaries.
completed
order
>'■■■#.•,
any time afteT May 8,
;F.'■'•■F-''F-fF
balance
1948.
8,
F.
Atlanta and West Point
Bell Tele-
with the Southwestern
Anderson Clayton & Co.—Earnings—
•
approved by the SEC.
Texas Electric Service Co
Texas subsidiaries, have
and recapital, cation of
& Light
Co. principal
Refinancing
a!s0 authorised,
American Water WOrKS «K ttieciric bO., inc. MUtpu
Montana
1944 for
approximately $9,600,000.
A plan for a financial and Recounting reorganization of
Power & Light
Co. and the transfer to it of the stock of
Co.
Power output of the -electric properties of this' company for the
week ending July 7, 1945, totaled 74,149,000 kwli., a decrease of 2.37%
over the output of 75,908,500 kwh. for the corresponding week of 1944.
—v. 162, p. 130.
Co, was
"stock interest in Nebraska Power
sold in December of 1944 for $14,421,000.
The oil production properties in Montana owned by The
Power Co.'s natural gas subsidiary were sold at the end of
company's common
This
ns
phone Co. and the Southern California Telephone
eyisting -facilities between Dallas and the Pacific
other points. Estimated cost is $797,000.—V. 162,
*
. ■/ :
Amprimn Water Works & Electric Co
n<.
the
and
May
Wise, Executive Vice-President, , was given a similar option
for 50,000 shared; R. S. Pruitt," Vice-President, Secretary and, General
Counsel, one calling for 20,000 shares; W, A. FMogenson, Vice-President
and Treasurer,-one for 15,000 shares, and L. I. Hartmeyer, Vice-Presi¬
dent, one for 20,000 shares."'-•
'f-'-'F "f-'";.FF-,f,:'f
F,
1
C. J. Mason, D. J, Davis) Bert Conway, B. M. Smarr, and Ira J.
Snader, received options for 4,500, 4,000, 3,000, 2,500, and 2,000 shares,
respectively.
M. J. Lesko, P. J. Reilly, and G. G. Johnson, were given
options for 1,500 shares each.
Options for 1,000 shares each were
granted to Its G> McKendry and John L. Stoughton.—V. 161, p. 2782.
to construct supplemental and other along the an estimated between
facilities points at cable routes cost, of
Chicago and Minneapolis
>
^
Wisconsin Telephone Co. and the Illinois Bell. Telephone
pany, the
than
W.
,
Commission has authorized this corn-
The Federal Communications
amounting to
Operating revincreased. $6 139,-
subsidiary companies,
or 4%, above 1943.
operating
net
'hat
iaaj.
in
electric|ty 80
^*1940" °f
than
oneratine
Gross
$140 411 000
and has been
appointed
1521,
v,./; ' '
Co.—New Facilities
1946,
8,
later
1944 follows;
John N. Moylan has retired as Assistant Tieasurer
adequate electric power
succeeded by Walter V. Parr. Samuel M. Rankin has been
civilian need. There was no
Credit Manager to succeed. Mr. Farr.—V.
p.
'
and taxes increased sub,
,
.
. .. „
,T ■ .V
estimated at $800,000 a year and rate
American Telephone & Telegraph
$1,100,000 were niadeg The averagesrateAuthorized by FCC— 1
operations for the year
this system had an
the
company
for
supply
Co.—Promotions—
American Steel & Wire
Co.—Annual Report—
Light
American Power &
1945
Monday. July 16,
CHRONICLE
THE COMMERCIAL & FINANCIAL
'
242
and
The
pitch propeller is-in demand by military
substantial production $eems assured, Mr.
Beechcraft controllable
civilian
Wells
interests
said.
company
,
and
.
has been working
with Dymaxion Dwelling
Machines,
the development of housing units which can be made
aircraft production facilities - and methods. Dymaxion has
production two prototypes for military and civilian
Plans
for continued use of Beech facilities on this work if the demand
Inc.,
on
using
use.1
Dymaxion products
warrants it.—V. 161, p. 2782.
by
in
call
for
[Volume -162
|
Number 4403
r
Bell Aircraft Corp.—Annual Report—
.'
/
(Lawrence D. Bell, President, .on
<•
tf V
Earnings
ifor
provision
contingencies'/.,
to $9,53,,as compared to $7.77 in 1943/ These'earnings rep-v
resent 1.18% of the gross sales in ?1944, the corresponding figure for •.
1943 being 1.3 %. Net working -capital at the «nd -.of 1944 amounted to
jp&ny's .position'.
;
The 'backlog
1945
/•/
unfilled
of
//-;://'/////z^//1'/-./.
"
,
The (site
/
•1
to
v
profits
1942
-yet been
and
refund
pet
to
for
Government
the
the
'
year.
cash
•'
&
Co.
Bover,
V. 161, p. 1991.
Its
•
in .the
represented
was
&
counsel,
general
loan
and
In
The
renegotiating
Substantially
/
.which
r
are
contracts
is
by Strauss,'
& Co.—
..William
Years
Ended
31
Dec.
*1942
•„.
Cost of
fee
l
contracts
goods sold
15,451,778
:1
,
1,187,039
1
for
1
14,349,581
for
Previous
•
Adj.
•"-r
i.—^.x_
11,3~80~o66
8,550~000
i-
0850,000 01,088,000
years—,
respect
profits
President. '
the
surplus_____
of renegotiation
600,000
1,200,000
2,462,414
2,711,583
5,159,805
1,669,722
the
5,509,379
i_
Federal
♦
$2
sh. in
per
Stock
l\
income
&
excess
958,000
394,063
(35,840
of
costs
fixed
set
and
$2,286,820,
contracts.
claimed
the
-/■-
.
that
the
firm
$8.01
1
w
assets in
as
up
before
deducting
company's
goods
consumer
resumption of
-,
*
,<
t
;•
$4.80
-
.
penditures
^ payments
assets
(after
$1,637,574;
;
amortized
■
U. S.
on
refund
post-war
c
f
1
1943,
under
for
reduction
contract of
profits
excess
amounted
of
prior
to
The
reserves
design
prepaid
,$2,577,662
Air Forces contract
by
over
the
banks,
accounts
advances
payable,
U.
on
will
taking
its
inception
on
under
N.
a
Y.,
in
October,
under
Army
the
1945—Month—1944
revenues —.
$9,453,004
-Uncollectible oper. rev..
7,492
Operating revenues..
Operating expenses
Operating taxes
1943.
1945—5 Mos.—-1944
$8,540,301 $47,224,799 $42,379,448
5,565,341
1,741,265
1,956,457
30,258,879
28,002,172
8,324,860
10,568,768
"
161,
p.
$1,245,953
i
819,329
-
$1,233,695
.
during
received,
be
and
during
less
option of company,
than
$109.50
30
redeemed
otherwise
unsubscribed
dividends,
unsold
balance
of
223,000
Sinking
fund
redeemed
or
together
fund.
Stock, originally offered .by Bond & Goodwin, Inc.
members.
i
,
at
$2
The
share
per
offering
less
was
Bond Drive and amounted
a
30
cent
shares
on
concession
discontinued out
of
in
preference
over
any
to
to 1,000,000 shares.—V.
161,
p.
...
.
"
f
company
has
announced
obligation
in
with
the
-
for
.prior
any
any
year
and
year
any
finances.—V.
162,
p.
excess
redemption -prices for
the
located
than
on
the New York
Stock
of
of
capital
N.
to
A.
S.
the
2655/
100,000 shs.
3%%
cumulative
Common stock
-
preferred
stock__
($5 'par).:
130.
'.'■/.
______
/
75,000 shs.
*690,594 shs.
/ ♦Does Tidt include 9,686 shares
reacquired and held in. the treasury,
but does include 47 shares to :be issued for stock of
Drug, Inc., when
prfesented- for exchange.
Subsequent to Dec. 31, 1944, 23,059 shares
held =in the company's
treasury were exchanged for
stock
ury
of
were
Sun
Tube
shares
Corp., and 285 shares held in the company's treas¬
to various employees pursuant to the
company's
plan.
Purpose;—Net proceeds ($7,587,875) will be added to
working capital.
History and Business—Company, incorporated in Delaware Aug.
.1933,
maintains
its
.principal
executive
office
at
630
receivables
from
assets
to
the^ost^fic^at "New York^Ep6?' .SSer
N.
AmAHnQ
^
1
_
th6 Act
Fifth
11,
Avenue,
'm '
Ms-rcii fffio'Ed.w,a,rds
3, 1879*
Sttbscriptionfi
„
and
&
(
operations
other
544,743
663,659
1,763,854
2,648,722
1
1
intangibles
_________________
$19,219,930 $21,010,452
$499,937
for
future
and
stock
1,180
~2~7~036
82,067
77,441
13,416
commissions
compensation-
34,034
'
taxes
168,844
expenses_____
255,351
13,231
52,237
5,510,370
6,464,441
profs, taxes and renegotia-
contracts______
war
$849,021
1,180
losses
/
inventories,
adjustments
on
post-war
com-
500,000
par)_iZ__z
surplus
:
surplus
stock
(33,030
shares)
750,000
3,501,400
3,501,460
1,759,603
1,759,603
8,396,809
($5
8,336,809
Drl,192,513 Drl,192,513
.'Total
—V.
_______
162,
130.
p.
/
&in
\
$19,219,930 $21,010,452
..
Bulova Watch Co, Inc.
(& Subs.)—Annual Report—
Comparative Consolidated Income Account, Years Ended March 31
////--•'/./-?/:'/;/ :
1945
1944.
"1943
Gross profit from sales
$15,920,383 $10,054,079
$6,781,932
Selling expenses ______
3,687,704
3,095,640
3,179,517
General
>'
&
/ ""Profit
Income
administrative
from
expenses
operations—
788,707
711,569
.648,734
$11 443 972
$6,246,870
$2,953,681
/
credits
80,393
63,075
$11,524,365
$6,309,946
448,215
391.839
48,426
'
•Gross
income
Discounts
allowed to
customers
Interest :on loans, etc. ___________
Federal income and excess -.profits
taxes, social security, etc.
Miscellaneous
income
for
charges/
contingencies.
/ •Net income -for the* year_i_/_/__
Common
12,049
5,299
7,433,577
1,034,452
3,104,412
150,000
$2,448,071
$1,921,849
649,762
324,881
*
in
:
$7.53
After
deducting $224,897 in 1945, $271,952
1943 for depreciation and amortization.
Consolidated Balance Sheet,
| 5,646
2,324,786
736,548
150,000
dividends
t;
$3,002,107
'234,616.
'
Outstanding common shares
Earnings per common share
.
649,-762
324;881
$5:91
in 1944
■/ ./ /
and
■
i
iso.ooi
$2,287,060
« 649,762
' 324,881
.$3.96
$166,411
":// ;/,/
;
,>
March 31, 1945
in transit, and on hand, $9,831,972; U.S.
cost, -$1,087;6,79; Accounts and notes .receivabl^
and notes of $76,087), $2,422,-58,
inventories, $5,086,210; cash surrender value of insurance on life of
officer, $175,348; due from Bulova Watch Co., Ltd., $151,869; deposits
Assets—Cash
Treasury
bonds,
in
banks,
at
(after reserve for doubtful accounts
Herbert D. Seibert, Editor and Fublisher;
with a statistical issue on Monday,!.
Other
REctor 2-9570.
Copyright 1945 by William B. Dana Company. Reentered
United Stetes -and Possessions, $26.00 per year; in Dominion of
On account of the fluctuations in the rates o'f
in
ro+Ao»uu.ouoit, ^zu.ou per -year; ureai; Britain, uontinenxai Ei
n
Year: Great aritam, Continental Europe (except Spain), Asia, Australia
of
exchange, remittances for foreign subscriptions and advertisements must be made ill New York funds.
cLcV,Per
1,252,022
;
and
exc.
19,809
36,143
1-004,311
1
miscellaneous
Treasury
,
NOTE:
taxes.......
(trade)__
percentage
Capital
Earned
profits
future
miscellaneous
mitments,
.
Capital
171,277
6,779
25 024
!
salaries
Reserve
809,556
2,048,957
advertising
of
46,199
6,189,553
dividends
for inc.
ti'on
;
14,825
current)
_____
payable
Accrued
2,691,258
3,982,782
affiliates..
...
Liabilities—
Accrued
4,237,467
1,403,252
(net
goodwill
__—
Accrued
331,043
2,500,231
...
receivable
excess
$1,913,745
331,043
...
of
Consol.
Company
$1,271:982
...
of
(not
accounts
.
4,322,244
t.-..../
affiliates
1941
credit..
....
Unclaimed
Res,
of
......
investments
Accrued
letters
(trade)____(
in -securities
advertising issue)
second-class matter February 25, 1942, at
Canada. $27 50 t)GT VGar* Soiitih iand Opntrn'1
as
1,267,777
deposits
secure
securities/...
charges
of
distributed
Quarter Century -Club
demand
to
receivable
Outstanding
?
;
_______
700,280 shs.
1,267,777
■/'/•//: >v//.// //"/// '
■
and
coll.
refund
(
16,844
the following
pre¬
''
D.
War
:■//••
as
Accounts
the
Exchange.
J?
71,682
$2,459,020
Balance Sheet As At Dec. 31,
hand
Provision
par)
113;976
$2,797,333
1,334,477
/
on
Total
../,'/
cumulative
Authorized
stock ,($1Q0
99,914
$2,539,460
/■
paid
held
//
acquired
fully stated/
of the sinking
3 %%
Can¬
for year...
Assets—
more
purpose
in
subs,
other
2%
over
canceled/'as
$2,387,338
re¬
Capitalization, giving effect to Present Financing //-
Preferred
appointments:
Harry L.
fipenoer, Vice-President in charge of manufacturing; A. R.
Constantine,
Vice-President and director of engineering; W. F.
-Oliver, Vice-President and Chief Engineer and W. J. Reuscner, Vice-President in
charge
of
>
such
stock
$2,683,557
of
consolidated)__
Deferred
more
';//.///'•// v.,/;'1.'.- ;■''/'//;// V; .V^ -f/
Bendix Home Appliances, Inc.—Appointments—
The
subordinate
Listing—Application will be made to list the'
May 29/is being
deference
1947,
$2,439,546
end. Oct.
1944,
owned
Employees'
the
company.
Cumulative
dividends
payable- quarterly January, April,
July and October.
Sinking-fund provides for purchase or redemption in each calendar.
year, beginning with 1946, of 2%
of the aggregate number of shares
of the 3 3/4%
cumulative preferred stock that theretofore shall, have
been issued, subject to the right in the company to
credit,against tha
ferred stock
and
that
at any time
for the sinking-
than
and
(not
Post-war
prior to July 15,
years
countries
Due
in whole or in part,
notice,
days'
share if
a
the
1943
Inventories
demption .price decreasing 50 cents a share on that date and on each
July 15 thereafter to and including July 15, .1956, on and after which
date such redemption price shall be $104.50 a share,
plus'dividends.
Entitled, on voluntary liquidation, to an amount equal to the then
current
redemption price for purposes other than the sinking fund'
and on involuntary liquidation to. $100 per share, plus accrued and
/
reoffered
consol.)...^.
Other
(par $100) was announced July 11
by a banking group headed by Wertheim & Co.
The
shares are priced at $104.50 and accrued dividends from
July 15, 1945.
Bendlx Helicopter, Inc.—Unsubscribed Shs. Offered—
The
(not
for
1942,
Marketable
six
at
250,000
...
sub.-cos.
profits
Accounts
tive preferred stock
Redeemable
post-war
net profits
Cash
Rristpl-Myers Co.—Preferred Stock Offered—Public
offering of a new issue of 75,000 shares of 3%% cumula¬
,
Cr450,760
inven-
add.
Dividends
•
:
Cr357,626
t-axes^.
tax...
profit bef.
Accrued
■
197,260
Cr432,543
profs,
exc.
tories, commitments .&
adjustments
•.
Net .profit
/
of war products have continued at a high rate
months of this year, but we cannot expect this
Many cutbacks and cancellations -have already been
it is impossible to fortell what the extent of these
the next six months."—V. 162, p. 4.
,'
.' /,"
first
1,195,640
3,550,603
106,126
profs,
losses on
&
future
26,485
1,146,891
4,045,751
4,327,299
164,702
ada
rate to-' continue.
3,803,703
2552.
inc.
57,617
1,210,821
tax:
for.
shipments
the
surtax
profits
credit—exc.
for
of
)
'
26,556
tax .&
excess
Cash
■:
•.
deductions
normal
'31,
s:
'
—-v.
J
,
history, with
-
■
$6,052,416
56,397,152
4,229,676
790,747
....
'•'These
unpaid
$8,546,147 $47,259,638 $42,415,792
5,846
,34,839
36,344
$9,445,512
6,243,102
t\<, jNet operating income
„,jiNet income
—V.
$7,158,567
operations.—.
'
Trademarks,
at
/-/-• v-:'V
r-/'
$7,698,532
...
income
Fixed
not
Bell Telephone Co. of Penn,—Earnings—
Operating
61,314
$7,718,164
Net
;
announced
275,000
$7,097,253
Net
the dollar volume of an average -peace-time year," Mr.
said.//'Shipments of heavy bomber turrets, tank hulls and a
variety of airplane sections were more than 25% higher than in
upon
incorporated into the company's manufacturing
manufacturing operations while retaining
equipping aircraft for special purposes.—V. 161*
'vff;.. Period End. May 31—
-
700,000
•48,609
'
.
fund,
certain
of
previously
contracts.'
war
$7,649,923
than, twice
wide
been
1874.
p,
He
'
$7,674,118
44,046
from
income
Erown
company
has
1942,
lease,
one-year
stated.
company would spend $10,000,000 on reconversion,
"in 1944 Briggs had the biggest sales year in its
$11,137,598;
operated
Brcwn
1,000
Jaffray & Hopwcod
1,000
& Co., Inc.—1,000
9,053,594
Canadian
S.
•
be
function
Buffalo,
its
since
.
division,
main
at
Mr.
v
$49,605,197), $3,837,186;
$5,000,000;
$37,600,281;
corporation
Piper,
2,000
2,000
Schoellkopf •&
.8,585,145
Fed.
company
way,
2,000
Trask & Co
White & Co., Inc._
G.
9,682,535
'./.
2552.
Rhoad.es
:_J
Co.
3,000
Loeb,
Co.
11,357,099
Federal-
$2,531,940 $12,426,096 $11,997,529
161,-'P.
M.
2,000
14,059,817
Gross
1944
1945—Month—1944
1945—5 Mos.
$5,309,925
$4,827,474 $25,314,204 $23,178,136
2,732,263
-2,295,534
12,888,108
llii78,607
expenses
of
renego.
sales
Other
(estimated),
tax
.
taken
for
of
Investments
will
center
Co
Higginson
;
•
' X
1944
'
1943
'
1942
returns..——— 834,455,625 $28,689,558 $25,010,991
under
Takes Over Plane Modification Center—
modification
Co.-__'__„
""""
of
cess
rights, drawings and patents, $1; uhinsurance, other deferred charges, etc.*
payable, to
contracts,
announced.
hi
The center
'
less
Other
holders
.
n
3,000
&
is -preparing its plants for peacetime work 25% in ex¬
peak pre-war manufacture, W. P. Brown, President, told stock¬
at the annual meeting held 011 July 10.
.
•'
/
*
Half the company's floor space has already been freed of war work
through cutbacks and cancellations, and reconversion activities are
j
Accrued wages, taxes, etc., $9,133,786; provision for 1942 renegotiation
refund, $1,780,000; provision for estimated Federal income and excess
h' t
Doolittle,
Prov.
Brlggs Mfg-. Co. Betroit~*Plans Post-War Program-
years'
$3,040,000; fixed
for depreciation and amortization of $2,739,269),
airplane
Liabilities—Notes
The
3,000
Profit
cost-plus-fixed-fee
charged off,
now
profits taxes, $13,191,832; reserve for contingencies, $3,600,000; common
;i-stock ($1 par value), $394,240; capital surplus, $4,000,772; earned
u I surplus, $7,155,471;
total, $92,993,980.- .
.
.
'
'
*
v
jr.
"
."♦Before depreciation, and-amortization.-—V.
$1,170,000
Government
of
leaseholds,
Government
«
'
Spencer
3,000
Other
on
/♦Net -earnings
•
£ ,$569,844; total, $92,993,980.
.
3,000
&
&
.
to be reimburset under cost-plus-fixed-fee contracts (after
$2,574,600), $22,191,305; inventories (after deducting partial-
of
Co
Stearns
Eberstadt
*
Asset*—Cash in banks and on hand (including special deposits 'to
be used exclusively or. U. S. Government contracts). $27,262,797; cash'
in
tax
reserve
accounts
and
U.
S.
Treasury Notes,
at cost plus
accrued interest, $7,441;960; U.
S. Treasury securities, at cost plus
accrued
interest,
$3,031,664;
accounts
receivable, $23,981,649;
ex¬
reserve
&
Dominick
*
•
5:1
2,000
Carl
;
*
,
3,000
4,000
&
Adv.j sell., gen.yfc adrn. exps—J—' "12,021,690
irf
-
2,000
3,000
Co._;
4,000
begun;
production
&
Corp
Corp.
-
reconversion
refrigerator
Weld
2,000
Cost
^
(Expressed"in"U.1 S." Currency)
/Balance .Sheet. December 31* 1944
/,.,
White,
Hutzler_..
Corp
Sales,
-
has
;
/ Period End. May 31—•
Gross earns, from .oper.
2,667,805
federal income tax-provisions with respect thereto,
„■
1
-
3,000
Co
Lee
wholly
"
"
5,509,379
$6.24
7,155,471
reimbursable
be
to
-&
Salomon Bros. .&
4,000
It proposed to buy
______
renegotiation.
tCharged off prior to 1943 as
price contracts, now claimed to be reimbursable under
tExpenditures
contracts
: (:■
Shares
Ladenburg, Thalmann & Co.
4,000
-4,000
of
follows:
Weeks.,
reflect
cost-plus-fixed-fee
s
■
as
Consolidated Income Statement, Years Ended Dec. 81
(Including Domestic and Canadian Subsidiary Companies)
July 5 applied to the Interstate" Commerce Com¬
authority to purchase two small railroads it now operates
for
Ctperating
to
;
are
Name—
Stroud
?
disclosed
Blood
Mr.
2439.
p.
jV" Vy"!
•Restated
;
respectively,
r
.8,000
Inc
Hemphill, Noyes & Co
Brazilian Traction, Light y& Power Co., Ltd.-^-Earns.—
591,360
surplus, end of year.—__
per common share______
J Earnings
them,
Shares
Dominick
713,500
358,300
stated
sh.
V f
Earned
,
,
various
number
Hallgarten
the Concord & Claremont (N. H.) RR.,
and
the
Petersborough-Hillsborough RR. for $500,000 and $80,000,
respectively, and to -eliminate from its present Northern RR. lease
provisions relating to the two roads.—V. 162, p. 4.
.
at $16.50 per share)
i'v.
,
:;
.
contemplates
161,
under- lease.
and
1943
1942-.
dividends
'
and
the
and
Hornblower ,&
Gentral Hanover Bank ,& Trust Co., 'Nev/
Trusts Savings Co., Birmingham, Ala.i
•:
.
with
line"
company
mission
"3,381,30^
7,417,039
8,666,354
Additional
in'
which
fall:—W
The
1,116,820
profits taxes for IS 42
Cash div. ($1 per sh. in
-
by
underwriters
Glore, Forgan & Co
Boston & Maine BR.—Seeks Two Small Lines—
-
2,286,820
//.////
'
'
underwritten
.
Post-war
jDr2,492,000
___
Australia, South Africa,
the
.of
4,000
F.
of
___/.
income
Total
'
1
time,
same
program
tExpend. claimed to be reimbursable
/ '
England,
names
4,000
Bear,
:
manufacture .of hermetic compressor mechanisms for refrigerators in
this
same
factory.
The refrigerator compressors are
being manu¬
600,000
£ tCredit for expenditures
*'
130.
Borg-Warner Corp,—Motors -for Rockets—
At
••
750,000
..
-
Norge
300,000
550,000
1,392,000
—
contingencies--—-—
earned
in
1942
23 to /the
redemption.—-V. 161, p. 2782.
factured
^
July
N.. Y.,.ior Birmingham
3,156,975
Provision
.
162, p.
for the latest type, five-inch rocket soon will
be started under a prime Navy contract in the Muskegon, Mich., plant
of
the corporation's Norge division, according to Howard E- Blood,
'
formal tax and surtax,
Additional assess, for prior
severally
Union 'Securities
f Output-of -''motors"
'86,998
-
48,634
10,838,000
01,084,000
1
refund
Canada,
Underwriters—The
Prov.
12,499^453
66u,s68
—
Loss on sale of airport...
Excess .profits tax.
Post-war
York,
389,bti^.
.
after
.0:1 <or
13,910,896
•
15,621,187
—
expense
in
Lehman Brothers
Mellon Securities
.
.
\<t Total income
I
290,212
—
.'/
v
12,209,241
169,389
_
____
/■Interest
302,022,101 219,925,387 107,912,331
—
Operating profit
•/.Other income
announced.—V.
was
■
and Its subsidiaries
company
Kidder, Peabody .vfe Co.____
G. -Blumenschine, President,
H. Rosenberg, President, and
common stockholders have, voted to call for.redemption
Aug. 20,
12,515 shares of.$7 preferred stock at $110 a share plus accrued;
dividends./.Central Hanover Bank,"& Trust Co. was .appointed redemp¬
tion agent to select shares-by lot.
Stockholders may present share$
317,473,879 232,134,628 121,863,227.
__l_—,
v./
j,
the.majority interest, it
v-'/
next,
pales As bill, under. cost-»plus-flxed
;
done
Inc.
The
;
'
were
which
countries.
Goldman, Sachs .& Co
Harriman Ripley ,& Co.,
-
Wardall,/Chairman, .and L.
shares
Bristol-
as
were .added
,
Blyth & Co.,
Birmingham Electric Co.—To Call Preferred Shares—
/
1943
1944
.
,.
known
Upon the dissolu¬
-acquired the capital stock
in '1936 was merged into the
company
corporation
Wertneim .& Co.
N.
as
Account,
J.
-
the
the-principal-products ,-of the
Name—
acquired from A.
Kohnr Vice-President ,of Rit, and their .associates." Mr. Rosen¬
berg and'Mr. Kohn will retire Irom the Rit management.
Holders
qC the remaining Rit shares have received .an .offer of the same price
H.
.
Income
the
said
>
statements.
also
other
.
'
«,
1933
Sachs
on July 10 signed a contract lor the purchase of a
the stock of the ;Rit Products Corp. of Chicago, a
and household dye industry, for .an undisclosed
of
in
Vitalis, Ingram's Shaving Cream, Sal Hepatinsecticides.
In .1934, Minit-Rub and -Rubberset
through the acquisition of all of the capital stock
Minit-Rub Corp. (subsequently .dissolved) and Rubber & Celluloid
Products Co. (name subsequently changed to Rubberset Co.).
The business of the
company, and its subsidiaries, is principally car¬
ried on in the United States, but .a substantial .amount of business
fabric
the
consideration.
general basis used to determine the refund
the
on
in
factor
.
for
1942, the management does not expect that a refund will be required
I and no provision therefor has been made., Nevertheless until renegoti¬
ation proceedings'are completed it is not possible to determine what
effect, if any, such proceedings will have on the accompanying financial
these
1933,
brushes
Inc.—Expansion—
corporation
large majority
year 1943 without the 'payment of any refund/
the company's business ;during 1944 was under
subject to renegotiation.
Calculating profits on
'
contracts
The
clearance under reaego-
has recommended
agencv
all ..of
and
Ica, "and Peterman's
''
"( tiation .covering the
Drug, Inc.,
Jersey
New
Shares
Best Foods,
Co.,
of
.
-
Pharmaceutical
consisted "of Ipana/Mum,
-
negotiations
Goldman,
of
the
company./.,,//,/■'■ /;■;.•///.;/•..
and Government securities
/
Best
Reich
this amount.
exceed
will
1942
tion
of
a .net working capital of $6,822,842.
Total assets were $16,229,268;
sales, for the fiscal year ending Jan. 31, 1945, were $29,267,430,
highestion record, and compared with $25i672,161 for the preceding
Net
Clinton
,a newly .organized New Jersey
corporation,
Myers Co./ -in change for the letter's capital-stock.
t
by the
signed
the
.assets to
formerly
had $4,132)007 in
the [business .of
over
Oct.. 10, 1939, transferred all,of its assets to .Drug, Inc. (Delaware)
Which, in turn, through an intermediary corporation, transferred said
•>>. >■•.■/•/:
</■
financing -will be
On 2nan.c31 Best's
renegotiating agency.
Under this agree'«tnent the company is to make an immediate refund which after ,de¬
ducing applicable Federal.excess profits taxes will amount to $1,542,809
and may
be required to .make additional payments dependent upon
future events principally relating to reimbursements under cost-plusfixed-fee contracts.
An estimated .provision for a net refund of $1,780,-'
000 has been made and it is not anticipated that the possible .ultimate
not
//'/;;
six-inch
of '■ Contracts—Renegotiation -proceedings with respect
were concluded
in 1945 although the agreement ;has
Renegotiation
•
funds.
was
.took
on
■••/.•''
•" ■//"'-f/ /■ -•;>
occupied by the Union Club and a 32-foot
private residence adjoining,on East 51st Street and a 37-foot
six-dnch' residence/.adjoining; on
Fifth /Avenue; Evacuation ,for 'the
foundation is -proceeding.
•';v
•:- • /.■.irifwjy>>>-':;
Reserves in the .amcunt of $2,574,600 have been provided for prob¬
unallowable expenses under Cost-Plus-Fixed-Fee contracts.,. In¬
ventories
have
been (conservativly
valued in .accordance with the
company's established .accounting practices.
able
corporation
pose,
at the northeast corner
additional working capital.
out of .current
'('■
Clinton Pharmaceutical Co., of Clinton, N/Y.
In 1900, a Nersr
known as Bristol-Myers Co., "Organized for the pur*
York
store,
and for
of the first quarter .of
at the end
in excess of $500,000,000.
was
new
//r////'/://^
orders
of :the
name,of
used to build .and furnish Best's,
of Fifth Avenue and 51st Street,
The company purchased the land
last .year, including a US-foot -outlet to .'52nd Street, all fully paid for
substantial improvement in %be com-
a
•/ /•>://>//.;/
•
Proceeds
•
«'$9,903,064, which represented
r-l
/interest rate of less than .3%.
243
flew York 20, N. Y.
Business .originated from a partnership of tb©
late William M. Bristol and .John iR. Myers tformed in 1887 under the
president and general manager, announced July 11 .that
he had .arranged a 20-year unsecured loan ;of $5,000,000
from the Metropolitan Life Insurance Co., at an effective
''^mounted
<
Inc.—$5",000,000 Loan—Philip LeBoutillier,
Best & Co.,
^
April 2Q said, in/part/as follows:
1944/" before
in
share
per
THE COMMERCIAL & FINANCIAL CHRONICLE
and Africa, $31.00 per Year,
t/ .V. /"[■"
•,
banks (restricted), $3,022,542; post-war xedrefund, §727,494; other ^accounts receivable,
and Canadian
profits tax
Swiss
in
eral
excess
prepaid and deferred charges,
amortization
$50,812;
wages,
accrued salaries
$1,226,982; accrued taxes> (.after u s.
Treasury savings notes of $5,035,267), $4,051,097, real estate ™°*.tg g £j
payable (Swiss francs 131,000), $30,523; ge^ral reServes
$750,000.
capital stock (324,881 shares, no par), $2,521,133
$1,178,749;
earned surplus, $11,896,101; total, $23,842,901.
v.. 162,
P: 131.
and
commissions,
expenses,
Corp.—Acquisition—
The corporation
on June 5
announced that it has purchased all
of the capital stock of Manor Distilleries,
Inc., of Manor,-. Pa., for
undisclosed consideration. The newly acquired plant has a capacity
Distillery
Brown-Forman
an
whiskey.
L.
W.
.
has called for redemption on Aug, 6
cumulative preferred stock at $108.50 pel
accrued dividends
amounting to 91% cents per share.
payment will be made at the principal office of Guaranty
of New York, 140 Broadway, New York, N. Y.—See V. 161,
corporation
The
5%
outstanding
sales
Wholesale
sales
Retail
sales
Combined
-V.
161,
all of its
shaie and
Immece
Trust Co.
P- 131. \
date
History
Co.,
of
gasoline, under
increase
It
is
reported
1944
crop
that
and
with
5
balance
and
7,322,817
The
prior
the
four-year
have
items
in
and
the
equally
1944.
nearly
Operating
Operation
152,685
138,085
3,653
1,653
6,615
6,615
181,669
164,384
666,864
652,618
taxes-
84,000
45,000
219,000
326,950
tax
205,500
205,500
408,800
—
depreciationof limited-term
investment
come)
__________—
income
Federal
Fed.
profits
excess
Special
and
Net oper.
Rent
tric
243,000
$2,065,055
$544,960
$500,254
revenues—
plant
727,450
$2,240,983
243,000
expense
Of
period
resulted
in
except
the
wide
the
Discontinued
60,275
59,837
240,231
239,328
$439,979
$485,122
$1,824,823
$2,001,654
32,320
Dr538
—
Other
income
$440,318
debt-
-
$483,158
$1,857,143
in
155,744
617,161
and
Int.
expense
deductions
Miscell.
-7,526
-ftV.
441
14,187
45,778
demand
and
to
Cr418
1,787
Crl,916
3,267
Crl,554
4,065
4,427
18,189
16,809
$1,176,143
$1,299,508
___
,
524
use
President
$308,692
$304,671
income
.
purposes.—V. 161, p. 1652.
for comparative
♦Adjusted
Dividend—
Canadian Breweries, Ltd.—Initial Common
have
directors
The
declared
20
of
dividend
quarterly
initial
an
stock, no par value,
161, p. 2552.
payable Oct. 1
Carolina, Clinchfield & Ohio Ry.—Partial
Redemption
cents
share
per
of
holders
to
the
on
record
common
15.—V.
Aug.
and
of
all
—V.
161,
p.
There
and
the
been
have
1,
York,
of
161,
Y.—V.
N.
on
Sept.
1,
at
1945,
.'k.
308.
p.
time products
military type
tourists,
Federal
313,996
taxes
Other
taxes
Prop.
ret.
Net
156,727
—
125,000
approp.
res.
oper.
Other
592,093
expenses
$336,353
$4,070,200
4,220
2,340
60,617
19,992
$338,693
145,565
$4,130,817
1,761,647
$4,291,873
1,709,232
$193,128
stocks
$2,369,170
$2,582,641
1,134,601
1,203,226
(net)—_
Gross
income
$335,649
Interest
charges
138,812
Net income
Dividends
$191,837
applicable
to
$4,271,881
$331,429
revenues-
income
preferred
Balance
$1,234,569
—
$1,379,415
New Individual Trustee—
The
vidual
under
trustee
succeeding
Frederick
co-trustee.
The
of
has
company
Richard
mortgage
and
Herbst,
G.
deed
West
H.
of
trust
deceased.
indi¬
successor
as
dated
Irving
said
mortgage
3%%
series
1940,
1,
May
The
under
a
new
Issue
Trust
Co.
is
presently
first
are
and
deed
1965.—V.
due
161,
2656.;
p.
Sugar Co., Havana, Cuba.
Payment
—
on
Account of Principal and Interest—
W. E. Borden,
bonds,
The
First
President, in a notice to the holders of first mortgage
July 6 stated in substance:
on
-
„
company
National
has deposited
Bank
of
with
Boston,
the
Havana, Cuba, branch of The
trustee
as
for
the
bondholders,
the
of $127,948.15
U. S. currency representing
1% per annum from July 1, 1944 to June 30
1945
principal balance of all .outstanding bonds, or $9 54 on
each bond of the original face value of $1,000 (subsequently reduced
by principal payments totaling $90.59);
(2) A principal payment of $30.80 on each bond of the original face
sum
(1)
on
Interest
at
the unpaid
value of
$1,000.
The above payments
of interest and principal will be reduced in the
presenting their bonds in the United States
by the 2% tax imposed by the Republic of Cuba on the export of
capital from that country.
Any bondholder may obtain his proportionate share of the deposited
interest and principal moneys on or after July 15, 1945 by forwarding
case
his
of
holders
bonds
of
bonds
First
to
National
Bank
of
Boston,
trustee,
45
Milk
St.,
Boston, Mass., or to the trustee's branch office in Havana, Cuba.
This
interest and
principal payment will be noted by the trustee on the
bonds and
for
the
bonds
returned
the .amount due,—V.
161,
to
p.
the
presentor together with
a
check
204.
-Carpenter Steel Co.—New Vice-Presidents—
Berton
directors
fn
in
H.
and
DeLong
and
Paul
Vice-Presidents
of
B.
Greenawald
the
have
been
appointed
company.
,Tis Tew poft' Mr' DeLong will continue to supervise the research
of the c°mPany; and Mr. Greenawald will be
charge of rmil
f,,ii
full
production.—V. 162, p.
131.
been
the company of 20,000
first instance.
$976,000)- are to be added to
It is contemplated that such
r
giving
the
to
effect
issue
and
sale by the
preferred
'
-
•
■
40,000 shs.
400,000 shs.
(par $50)
—_
Outstanding
40,000 shs.
400,000 shs.
June 12, 1945, stockholders adopted
amendments to the articles of incorporation which, among other things,
special meeting
a
authorized
the
held
on
above and reclassified each
one-fifth share of preferred
(par $5), the effect
thereof
resulting in
an
outstanding capitalization of 20,000 shares
of preferred stock
(par $1,000,000) and 400,000 shares of common
stock (par $2,000,000) and in-the authorized but unissued 20,000 shares
of
stock
to offer 100,000
/
of
capitalization
stock
common
such
(no
preferred stock
shares
be
to
consummation of
set
par)
now
offered.
of
names
purchased
are
the
as
-
underwriters
'
*To
be
and
from
company.
tTo
purchased
be
stockholders.
/
of
,
tCommon
tPreferred
expenses-
gen.
purhased
number
7,500 shs.
3,900 shs.
7,500 shs.
3,900 shs.
1,635,523
986,088
Goldman, Sachs & Co., New York
Paul H. Davis & Co., Chicago—
admin,
the
*
♦Preferred
Selling,
and
follows:
such
•
forth
into
four shares of common stock
(par $50) and
Underwriters—The
in Personnel—
corporation's officials,
(estimated
the
.
At
Co.—Extends Insurance Program
insurance program has been
of the Aldens Famous Store,
Inc., of Springfield, 111., and the Aldens Chicago Store, Inc., of Kan¬
kakee, 111., affiliated organizations.
Announcement of the extension
Ralph Arnheim, Vice-President
coverage under the extension, like the
made
was
The
by
cost of
which
of the parent company.
rest of the plan, is be¬
Metropolitan Life Insurance Co. Each em¬
is provided with $1,000 life insurance, the
by the employer.—rV. 161, p.,1876... >
is born
8,884 shs.
8,884 shs.
1,048,128
selling
from
"
Consolidated Income Statement—Years Ended
''
>•
-
-
-
of
Cost
Gross
Other
1942
$769,531
70,945
75,793
$1,808,108
52,936
246,100
226,269
699,000
723,611
243,931
268,055
172,104
12,225
profit
income
$1,737,163
48,498
+
986,088
$1,858,695
expenses
gen.
1,635,523
102,611
&
—
$7,789,019
5,971,359
1,048,128
$1,756,084
ets—
sold
goods
adm,
Selling,
December 31
1943
1944
'
Gross sales—less discounts,
Total
Other
U.
income
proval Asked of Preferred
Co.—New Term Loan Ap¬
Stockholders—
normal
is
company
issued
capital
a
new
to
asking
8,436
3,974
Cr91,767
Crl04,867
cm,500
$11,788,888 $10,083,278
8,397,281
7,360,027
clared
U. S. excess profits tax
Canadian
taxes
income
State
Cleveland
requirements
banks
the
of
corporation will remain .substantially as
It is possible that during a period when
requirements are • substantially declining or terminating and re¬
sumption of peacetime production is increasing, the corporation may
need more working capital than at the present time.
Working capital
would then be required both for the purpose of' carrying claims on
terminated war contracts and for the purpose of operating and ex¬
war'
it is our conclusion
replaced by a new
the expected transition period and
panding civilian business. In view of the foregoing
that the maturing Regulation V notes should be
designed to extend over
bank credit should
loan
that
additional
needed
such
during
also be established to be
available
period."
arrangement has been made with
The Cleveland Trust Co., The National City Bank of Cleveland, The
Union Bank of Commerce
and Central National Bank of Cleveland,
all. of Cleveland,
Ohio, and the New York Trust Co. of New York,
N. Y., for loans aggregating $5,000,000,
the interest rate to be 2%
per
annum,
and to mature in five semi-annual installments of
$1,000,000.
The first installment will not be payable until the end
of the third year
and the final installment will be payable at the
end of the fifth year.
Payments may be anticipated without premium.
The
banks
will
receive* no Government - guarantee on these notes.
All
of
then
letter
the
notes
that
states
are
to
be
an
unsecured.
has also arranged with these same banks for a StandAgreement aggregating $1,500,000, against which the com¬
pany may borrow from time to time, the Agreement to remain
in
effect for five years.
Interest on sums borrowed will be at the rate
of 2% per annum and the commitment commission on unused credit
to be at the rate of J/2 of 1% per annum.—V. 161, p. 2329.
,y
The
company
By-Credit
Coleman Co., Inc.—Stocks
Offered—Goldman, Sachs &
Co., Paul H. Davis & Co., and Stern Brothers & Co. on
July 10 made a public offering of preferred and common
stock of the company. The offering includes 30,400 shares
of 414% cumulative preferred stock ($50 par), at $51.50
per share and accrued dividends, and 23,692 shares ($5
par) common stock at $17 per share.
Of the stock of¬
fered 20,000 shares of preferred represent new financing.
Dividends cumulative from June 12, 1945, and payable Sept. 12, 1945,
and quarterly thereafter.
Redeemable at company's option, in whole
or
in
share
part
and
by lot, at any time upon 30 days' notice,
accrued dividends, with reductions on Jan.
periodically thereafter.
to
effect the
—V.
income——
on
taxes
post-war
for
Provision
——
refund—
adjustments
post-war
50,000 i
$650,708
——
161,
$845,325
V
46,867
tax,
v.
182,834
«*.
_
50,000
50,000
$583,667
$401,046
2784.
p.
term loan to
three
great as at-the present time.
if
—
surtax, and de¬
value excess profits tax—
Surplus
the holders of its preferred stock to con¬
replace its outstanding $5,000,000 of notes
in 1942 under a Regulation V Loan
Agreement.
At that time the War Department entered into an agree¬
ment with each bank which in effect guaranteed it to the extent of
75% in principal amount of its participation in that loan.
The com¬
pany has paid interest
at the rate of 2 V2% per annum on these
notes and they mature on or before Dec. 31, 1945.
In his letter to the preferred shareholders, Ben F. Hopkins, Presi¬
dent, says:
"It is anticipated that while war continues the working
The
sent to
„■
deductions
S.
Estimated
Cleveland Graphite Bronze
The
.Caribbean
fishermen,
have
stoves
Authorized
1766.
term
outstanding
bonds,
mortgage
such
the sale by
stock
funds in
cumulative preferred stock
Common stock (par $5)
of
"'
preferred
provided through its group
extended by this company to employees
.
„
bonds
trust
appointed
products to be
for which a
or
stoves
hunters,
campers,
Security
entire
$1,442,220 $18,343,718 $18,269,955
517,802
7,227,094
6,854,717
299,102
3,722,916
3,853,467
1,823,503
1,789,890
163,963
125,000
1,500,000
1,500,000
$1,519,245
lantern,
conducted at plants located at Wichita,
are
4'/4%
1945—12 Mos.—1944
1945—Month—1944
Period End. May 31—
Operating revenues
gasoline
Monroe, La.,
of
ing underwritten by the
ployee of the two stores
V
Carolina Power & Light Co.—Earnings—
Operating
107 %
$103,000
1965.
office
redemption
for
called
of first mortgage 4%
bonds, series A, due
Payment will be made out of sinking fund monies at
the Louisville & Nashville RR., at 71 Broadway, New
interest,
"Coleman"
company of the 20,000 shares of authorized but unissued
stock now offered, capitalization will be as follows;
Chicago Mail Order
Sept.
of
time needs and re¬
practically all small
products for war purposes, however,
peace
from
Capitalization—After
succeeds Mr. Olsson as President.
Mr. McDonald has been connected, in various capacities, with The
Brown Paper Mill Co., Inc., of- Monroe, La., for the past 22 years.
The 'Other officers of the corporation, remaining unchanged,
are:
W.
C. Gouldman, Vice-President-Secretary;
J. P. Ekberg, Vice-Presi¬
dent; O. D. Dennis, Treasurer, and E. S. Gray, Assistant Secretary.
McDonald,
war
together with other general funds of the company, will be
used, however, in connection with the company's future and post-war
has
of Chairman.
position
C.
M.
period,
war
proceeds,
its
since
corporation
1944,
others is
expected,
since
lead-treated gasoline.
programs.;.
been associated with the management of the
organization, and who, since 1929, has been
General Manager, has been elevated to the newly
who
Olsson,
Elis
of
the general
6% preferred stock
3 announced the
July
on
Involving changes respecting the
changes to be effective Sept. 1, 1945.
created
Net
directors
of
board
The
56,751
Cr412
__—,—
to constr._
is proposed
'
5
plans
:
interest
charged
it
115,000 shares of
'
,
authorize
Chesapeake Corp, of Va.—Changes
626,333
Amort. of debt discount
Other
which
of
exchange for present
outstanding.—V. 162, p. 5.
$2,001,116
124,026
:
funded
on
Drl.963
338
(net)—
income
Gross
Int.
income
oper.
shares,
preferred
150,000
shares
Net
—
to
market
the
Kan., and Toronto, Ont.
shares
share
voted
6
July
on
the
appli¬
Canadian
During
elimination
including
war,
Manufacturing operations
dividend.stockholders
vfH'
;
small
produced.
well-known
comprised
the
post-war
picknickers,
Securities Offered—•
Offering of $13,000,000 3% debentures due July 15, 1965,
at 102V2 and accrued interest and 100,000 shares of $4.50
cumulative preferred stock (no par) at $105 .and ac¬
crued dividends was made July 12.
Goldman, Sachs &
Co. headed the underwriting group that is offering the
debentures.
The company is offering the preferred stock
in exchange for the outstanding
6% preferred. Any
shares of the new $4.50 preferred not issued in exchange
will be purchased by the underwriters and may be of¬
fered at the initial offering price of $105 per share and
The
the
between
been
ended
the
sales
1944
after
engineered
elec¬
of
lease
for
341,166
65,345
-
debt
of
amort,
discount
.
in¬
than
(other
Taxes
$1 ,343,595
$1,550,588
345,724
79,101
___
...
for
Amort.
$6,022,209
1,327,343
279,422
536,476
$6,110,580
1,355,606
289,072
575,416
revenues
Maintenance
Prov.
1945—12 Mos.—'"1944
1945—3 Mos.- —'"1944
March 31—
period End.
furnaces;
1939-
in
curtailed
one-half
continued
its 6% cumulative
preference stockholders to Sept. 10, 1945.—V. 161, p. 2783.
Champion Paper & Fibre Co.
and
countries.
have
Purpose—The net proceeds from
Co.—Earnings-
primarily
engaged
production of many other peace-time products,
although sales of repair parts and accessories have increased ma¬
terially. ■ The curtailed production was more than offset, however, by
the production of special war products and the introduction by the
company
in 1941 of the Coleman Military Stove, which has been
enthusiastically received by the armed forces for cooking and other
purposes.
It is estimated that products sold directly or indirectly for
war
purposes
represented the following approximate percentages of
consolidated sales: 10% in 1941, 41% in 1942, 73% in 1943, and 67%
See Beech Aircraft
California Oregon Power
is
heaters
foreign
products
war
strictions
Extended—
Cessna Aircraft Co.—Merger Negotiations
Corp., above.—V. 161, p. 2783.
of
about
other
in
special
During
has extended its exchange offer to
company
distribution
has been divided
max*kets
various
100,000 short tons of sugar, against
fell recently in the company's cane
Certain-teed Products Corp.—Plan
subsidiaries
for cooking, lighting, and ironing; and miscellaneous items and
accessories—practically all of which use gas or some form of petroleum
as a fuel.
During normal times about four-fifths of con¬
solidated
sales have
been
in the
United
States
market, while the
final
a
its
products
Associates—Completes Grinding—
this company completed grinding operation on
July
on
of "Coleman" heating units through
leading factor in the heater field.
ances
been
production of approximately
78,571 tons in 1944. Heavy rains
growing territory in Puerto Rico
but they did not cause any damage to the new crop, it was stated.
The plantings are
reported in good shape at the present time and
have adequate moisture supply.—V. 160, p. 2398.
the
sales
a
with
company
manufacture
,
Central Aguirre
in
1941, it has become
The
as a fuel for small appliances for lighting,
In the early 1930s, the company began to add
heaters to its lines, and by reason of the sub¬
pressure,
and cooking.
types of home
stantial
uncompleted sales
less than the same
"post-war orders," a sub¬
includes no
:
and Business—Company, formerly Coleman Lamp & Stove
outgrowth of a business originally established in 1901. The
business resulted from the successful adaptation
an
various
•
year ago.
This backlog
volume of which have
is
heating,
received and filed.
As of April 30,
1945, the current assets of the corporation totalled
$14,221,738 and its current liabilities $9,202,658. Since Oct. 31, 1944,
notes
payable to banks under Regulation
"V" have been reduced
from $5,400,000 to $4,200,000.
Segregated for expenditures on plant
are
$1,800,000 of U. S. Government securities and these are not in¬
cluded under "current assets."—V. 161, p. 1538.
2656.
p.
a
stantial
Chicago.
early progress of the
April
30,
1945,
Carrier's backlog of
amounted to $20,223,796, or approximately 28%
$58,554,128 $57,396,593
$10,910,327 $10,198,379
1944.
April 30,
of
Co.
the Chicago Stock Exchange.,,
on
,,
in
8,390,666
1,282,221
1,489,866
—
___
ended
of
As
1945—Month—1944
1945—6 Mas.—1944
$9,420,461 $8,916,158 $50,163,462 $50,073,776
30—
Listing—The common stock is listed
After
Higher-
Chicago—June Sales
Butler Brothers,
period End. June
,
months
agent, City National Bank and Trust
The First National Bank of Chicago. ;
Registrar,
deducting $571,930 of terminations and cutbacks,
the net figure is $14,482,913.
Orders booked during the six months
ended April 30,
1944, totalled $18,407,271.
Thus the record for the
present fiscal year to date is some 18% below that of the correspond¬
ing 1943-44 period.
->i
During the first six months of the current fiscal year $12,705,268
of sales were completed.
This compares with $13,558,441 for the six
Preferred Stock—
Corp.—Retires 5%
-
appliance
>.
doubled.—V.
Burlington Mills
.
capacity of the Manor plant
President, said that the
160, p. 427.
Lyons,
be
would
barrels
grain daily, equivalent to about 30
Warehouse storage capacity is 12,000 barrels.
of
bushels
300
of
Transfer
Report—
I The corporation, June 19, in its interim reports on the activities of
the company, stated in part as follows:
:
Orders booked during the six months ended April 30, 1945, totalled
$15,054,843.
■"
payable,' $2,188,317;
Liabilities—Accounts
depreciation and
reserves for
plant property, at cost (after
of $1,652,514), $1,228,504;
total, $23,842,901.
$58,213;
Carrier Corp.—Interim
Monday, July 16, 1945
FINANCIAL CHRONICLE
THE COMMERCIAL &
244
purchase
at $53.50 per
1, 1947, and
Sinking fund for each year commencing 1949,
redemption of preferred stock.
or
Colgate-Palmolive Peet Co.—-Preferred Stock Offered
—An investment banking group headed by Dillon, Read
Co., Inc., on July 11 offered to the public 46,464 shares
$3.50 preferred stock (no par) at $100 a share and ac¬
crued dividends.
This is part of an issue of 125,000
shares which was not taken in exchange by holders of
&
of
company's $4.25 dividend preferred stock under an
exchange offer which expired July 10.
the
Listing—Company will use Its best efforts
shares of $3.50 preferred
the listing of the
Stock Exchange.
to procure in due course
stork on the New York
;?
of outstanding $4.25 preferred stock were
exchanging shares of $4.25 preferred stock
for shares of $3.50 preferred stock, at the rate of one share of $3.50
preferred stock for each share of $4.25 preferred stock exchanged,
with a cash adjustment. The exchange offer expired July 10.
:
Offer-^-Holders
Exchange
afforded the opportunity of
proceeds to be received by the company will be
(together with treasury funds of the company to the extent
to redeem at $101 per share plus dividends all unexchanged
shares of $4.25 preferred stock.
,
Purpose—The net
applied
required)
Capitalization
(Giving
Effect to Present Financing)
"
•"
Authorized
Outstanding
(no par)
T
125,000 shs.
Common-stock (no par)—————'
3,000,000 shs. *1,962,807 shs.
♦Exclusive of 37,163 shares held in the company's treasury.
tTotal
authorized by charter 250,000 shares.
$3.50 preferred stock
History
July
25,
and Business—Company was incorporated in Delaware on
1923 under the name Eastern Operating Co. Shortly there¬
was changed to Palmolive Co. and it acquired the business
after name
Wisconsin corporation of the same name which had
J. Johnson Soap Co., founded in 1864.
acquired the business and assets of Peet Brothers
Co., whereupon its
name was changed to Palmolive-Peet Co.
The
business of Peet Brothers Co. was founded in 1872.
In 1928 the company acquired the business and assets of Colgate Ac
and
of
assets
succeeded
In 1926
to
a
the business of B.
the company
company's name was changed to Colgate-PalmColgate & Co. was founded in 1806.
company acquired the business and
substantially all of the assets of Kirkman & Son CorpCompany
acquired the assets and business of such subsidiary when the latter
was liquidated in 1940.
The business of Kirkman & Son (predecessor
of Kirkman & Son Corp.) was founded in 1837.
Company is engaged principally in the manufacture and sale m
the United States (including territorial possessions)-of soap for toilet,
Co.,
whereupon
olive-Peet
In
Co.
1930
laundry
a
the
The business of
subsidiary of the
soap for textile and other industrial
dentrlfices, shaving soaps and creams,
and household purposes,
purposes,
cleansing
agents,
and glycerine.
In addition to its domestic busi¬
ness, the company has a number of subsidiaries
(and several minor
branches) operating in foreign countries, certain of which are engaged
other
toilet
articles
..
Volume
"Jin the manufacture and sale, and others only in the sale, of certain
of those products.
Company also has a relatively small amount of
direct export business.
)
In general, the products of the company and i.ts subsidiaries are
sold to the retail trade either directly or through Jobbers.
Sales of
soap for industrial purposes and to large users, usch as hotels,
and
'sales of glycerine are for the most part made directly to the con'sumers,
During recent years a substantial part of the company's
production of certain items has been sold to the Government for
use by
the armed forces, for lend lease and for other war purposes.
'
I'". '-J/;:' Summary of
A;'
1943
1944
.,l"' \
:
sales
Net
1 •'t'' '
for
.•Net
75,120,253
'
$5,231,919
/iv;:
_
$6,140,482
862,001
divs
Net
income
*To
■
342,905
preferred stock
$3.50
the
principal underwriters and
severally to be purchased by each,
shares
are
$13,015
&
Inc.— 22,000
& Co.
Read
Dillon,
Shields
F.
W.
22,000
Co.———
Consolidated Balance Sheet, May
Sachs
Hemphill,
Co.—
Weeks
&
Singer,
Co.
—
1,000
2,000
Co
&
Anthony
Tucker,
—-—
Weld & Co.—
3,750
3,750
Co.——~
White,
Witter &
Corp
and
deferred
and
expenses
$197,335;
charges,
total,
$4,371,667;
$4,822,352.
liabilities,
accrued
$17,119;
(trade),
payable
accrued, $126,950; accrued interest on bonds,
at
3%
per
annum,
$246,881;
lease deposits and advance rentals,
$11,772; income mortgage and collateral trust sinking fund bonds,
due Dec. 1,
1954, $4,702,500; capital stock
(par $1), $9,542; deficit,
$302,234; total, $4,822,352,—V. 160, p. 116.
taxes payable or
$9,821;
—V.
161,
2657.
p.
2216.
p.
Salt Co.—Assets Acquired—
p. 437*
Colonial
•
*.
-
Colorado
.The RFC
Columbia Pictures Corp. (&
Operating
profit
Estimated
prov,
inch
3% equipment notes
profit
C.
last
year.-,
was
said
which
of
Mar 27,'43
the
job.
$4,685,000
$3,320,000
3,195,000
2,288,000
large
A
and
"
engine,
the
of
will
tanks,
M4A3
'
,
Output—
basis
a
The
not
next
stock
is
V.
of companies,
ended July 7,
1945, showed a 1.3% 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:
,
:
:
Week Ended—
1945
1944
< •v
% Inc.
is
yet
1,
will
well
outstanding preferred
classes of
date for both
preferred, it will be $103, including accrued
■
contemplated
./
■
that
will
there
be
those
as
taken
not
161,
in
exchange
by
the
present
July
165,314,000
186,326,000
188,358,000
189,132,000
30———^——
23
June
16—188,163,000
—
_
——
•Decrease.—V.
162,
6.
p.
Commonwealth &
•1.3%
167,479,000
188,162,000
183,875,000
7————————
June
•
>
1.0,3
*2.4 3
*0.5
.
.
Southern Corp.—Weekly Output—
kilowatt-hour output of electric energy of subsidiaries
corporation, adjusted to show general business conditions of
territory
served, for the
week ended July 5, 1945, amounted to
225,645.338, as compared with 217,049,365 for the corresponding week
in 1944, an increase of 8,595,973, cr 3.96%.—V. 162, p. 132.
/
The
weekly
this
of
Records, Inc.—Secondary Distribution—A sec¬
Warner
Pictures
Bros.
Inc.
by the bankers.
Denver & Rio Grande Western RR.—Annual
Continental-manufac¬
be
of
machinery
new
Net
tax
$20,569,809 $24,192,502 $23,214,801
accruals
8,782,413
843,447
388,993
—
of
Hire
equipment (net jDr)__—
Joint facility rents (net jDr)..^_
Offered—Public offering
Net
shares of 3%% cumulative
Other
income
•Interest
Dr)__
(net
for
funded
on
debt
•Includes
—_
Balance
(. ,
•
f
Assets—A
-
161, p. 2441.
Cash
cash
Dec.
$
V'3YV
i
£ ?
Connecticut Light & Power Co.—Plans Improvements
company will spend
an estimated $22,000,000 during the next
five years for replacements and additions to its generating capacity
and for enlargement and replacement of transmission and distribution
properties, C. L. Campbell, President, stated.
Practically the entire
cost
can
be financed from
the company's resources without outside
The
financing,, he added.
The proposed
plant
•
new
a
69,000
line built from the Connecticut Light's
Voltages on: the Southington-Montfrom 69,000 to 115,000 volts
and
a
new
115,000-volt line is to be constructed from Devon to a
Junction point with the Southington-Montville line.—V. 162, p. 132.
Southington substation to Bristol.
ville
transmiss'on
line
are
be
to
231
V.-
*Net
So.
Salle
La
161,
p.
Chicago,
St.,
111.,
of
out
Redemption—
sinking
fund
of
moneys.—
sold
mdse.
for bad debts
Prov.
56,605
6,974,544
Net
than
Net
Net
profit
eral
Net
...
before
_
after
•Earnings
'
per
*After
for
$472,953
$553,063
$416,790
347,700
$1.16
144,239
share
on
245,936
347,700
347,700
$0.41
.
199,409
347.700
shares-
dividend
redemption
tinued
$335,682
Fed-
taxes
com.
$0.55
$0.70
requirements
March
3,
on
1945.
preferred
tlf
the
stock
loss
on
$1,094,673
Dr6,654
Drll,864
35,711
65,072
$59,443
$728,618
$543,172
$1,082,809
485,604
$235,767
$678,846
$84,401
$243,014
$277,405
$403,963
102,000
104,250
38,408
84,760
42,253
,
of
•
$1.17
$1.71
$76,962 in 1S45,
^Excess
T
and
after preferred dividend requirements.—V.
161, p. 1877.
1943, and $447,714 for 1942.
Federal income
in
Michigan
tion,
in
respect
of
bad
debts
losses,
*
Consolidated Balance Sheet, March 31, 1945
The
$1,785,755),
$1,770,874;
accounts
McDonald,
Service
9
'*■
Commission
reducing
an
from
company's electric rates .approxir
the
11%.
/ \
injunction
obtained by
was
•
-
in the Ingham,-County
injunction restraining the
enforcing, pending litiga¬
sitting
issued
the utll'ty to
">.»■
withhold enforcement *
legality of the order and other rate litigation
can
be heard in the courts.
Judge McDonald fixed Aug. 20* for ;the
final oral arguments on the merits of the case.—V. 162, p. 132.
of
the
order
until
the
Diamond Match Co.—Denied Cartel—
The
company
receivable
(after
on
Committee
ness
match
market
The
House
match
it
reserve
for
3: t
■v-
(2)
not
"appears
to
the
British,
was
a
and Russian markets and that
"the most highly monopolized in
Japanese
one
of
,
statement,
The
the
Diamond
.
company
match
company's
foreign
The
based
been
Busi¬
world
cartel agreement with the Swedish Match Co.
Committee
also
declared
that Diamond "apparently"
industry
its
In
charges of the House Smpll
pretty well control" the
10 denied
July
that
through
States."
United
other
Assets—Cash, $412,104; U. S. Government securities—at cost {quoted
market
Public
D.
on-July
its June 22. order
(1)
,
Archie
Court
denials:
carry-back provisions of Internal Revenue Code.
•
Judge
Circuit
controlled
prior years
including recoveries,
ii Exclusive of $68,598
and excess profits tax paid in prior years recoverable
repossession
under
accumulated
reserves
302,692,147 295,711,416
—
:W//'
.
Detroit Edison Co.—Wins Injunction—
Circuit
1943 and $48,646 in 1942.
tlncluding selling, general
expenses, exclusive of provision for bad debts and
in
...
$66,678 in
$1.04
income
162, p. 7.
mately
31,760
$0.27
department
.....
1
(Mich.)
administrative
of
stock
$484,754
26,221
28,987
—
share—
service
of $9,420) in
which was called
sale of a discon¬
which was charged direct to earned surplus in the first
this year had not been deducted in computing the taxes,
-the net profit would have been $321,438, or 88 cents per share on the
common
$666,686
101,030
.
dividends
plant
quarter
—V.
99,110
depreciation, amortization and taxes in 1945, 1944
and
1943.
tlncludes excess profits tax of
$343,743 (after post-war
refund of $38,194)
in 1944, $84,778 (after credit of debt retirement
Fed¬
$277,382
Outstand.
'
100,764
(146,066
slock^j
com.
loss
and
Total
1,881,943
52,015,503
28,911,795
24,271,171
______Drl0,330,916Drl2,807,552
...
52,493
12,991
_
profit
1944,
53,565
46,146
553,797
£5,310,152
.....
Profit
12,013
:•
109,590
7,391,590
liabilities...—————____
liabilities
credits
''
46,013
taxes..._/
per
and
'45^ June 17, '44 June 16, '45 June 17, '44
■
repossession losses,
taxes
profit
erai
June 16,
r
40,068
.112,596
9,186,723
accrued—
accrued—i———
Unadjusted
$130,467
for
•Includes
24 Weeks Ended—
12 Weeks Ended
Period Ended—
Net
•
'
4,339,658
965,002
105,860
35,505
payable...—...
liability
current
Other
3,393,223
1,098,116
191,349
payable
wages
62,457,540
16,433,200
12,400
12,400
129,358,338 129,811,369
3,485,000
3,485,000
4,281,469
3,400,928
unpaid
rents
tax
Deferred
,
(Cr)———_
balances
accounts
Unmatured, interest
Accrued
....
...
matured
Unmatured
$10,334,565 $14,464,031
9,697,136
13,316,865
16,433,200
payable..
car-service
accounts and
Interest
1942
62,457,540
—;
debt
bills
and
Miscellaneous
.
reserves
on
7
./V-:.y
....
stock—..—
and
Audited
.
$71,463
profit
Divs.
'
•
42,371
(net)
Earnings
Corp.—Earnings—
•
profit
earnings
Provision
,
1943
•.; 49,772
Preferred
Laundries
7,306,313
—
in¬
taxes
oper.
Misc.
1768.
Consolidated
$8,131,922
6,424,556
■
come
v
.,
6,425,032
—...
stock
Long-term
Traffic
and
repossession losses
and amort.
other
,
debits
liability for conversion, preferred stock..
Loans
62,224
41,750
563,567
1....
—
'Liabilities—
Common
Stock
844,224
44,900
...
—
—302,692,147 295,711,416
Preferred
wholly-owned subsidiaries)
1944
$6,588,162
—
Deprec.
Taxes
(incl.
1945
merchandise
sales
tCost
company
outstanding
Account
—
assets
Total
'
5,268,836
95,463
——
receivable—..
charges
Unadjusted
New
,
Incoihe
Years End. Mar. 31—
§ Excess
has called for redemption on Aug. 1, next, $45,700 of
15-year 1st mtge. 6%
cumulative income bonds due
Feb.
1, 1950, at 100 and interest.
Payment will be made at the
Continental
Illinois National
Bank
& Trust
Co., corporate trustee,
The
its
The
with
share.—Ed.J
i
raised
Consolidated Cement Corp.—Partial
f/
Deferred
5,775,047
980,345
receivable..
8,005,000
609,153
592,704
5,288,454
conductors—
supplies
dividends
receivable
Rents
necessary
deposited
Consolidated
volt transmission
Advanced
;■ ;;
13,505,000
654,735
287,489
—
and
agents
accounts
and
and
Interest
York Trust Co. for the benefit of
preferred stockholders, such preferred stock is no longer outstanding
and it is proposed at the annual meeting of the company to be held
on
July 23, 1945, to amend the charter so as to eliminate preferred
stock from the authorized capitalization of
the company.
„
[The stockholders will vote July 23 on
approving a proposal to
decrease the
authorized
capital stock by $3,750,000, represented by
150,000
shares
of
preferred
stock of the
par value
of $25 per
.
additions include a 45,000 kw. high pressure
steam generating unit at the Devon power plant and installation of
a
31,250 kw. high pressure steam unit at the Montville plant to
replace two existing 10,000 kw. low pressure units.
Power
distributed by the company in Bristol has beea. purchased
from Connecticut Power Co.
This contract is to be terminated and
Material
i
$
6,171,488
—
from
receiv.
Miscellaneous
step as the charter provisions relative
to
the preferred stock imposed restrictions on the making of term
loans.
As the
full amount required
to redeem the preferred stock
a
bal.
Net
1943
1944
investments—
Special deposits
14, said in part:
,
;
Since
year, the company has made a term
loan from the National City Bank of New York in the amount of
$1,500,000. This loan bears interest at 2%% and matures serially in
one to seven years.
The purpose of the loan is primarily to enable the
company to expand its operations and to enlarge its store systemrwhen
civilian production makes such a course desirable.
Contemporaneously with arranging for the term loan, the company
called for retirement all of its outstanding 5%
cumulative preferred
$2,-
1944,
31
•
■
—;
—
Sheet,
etc.———— 262,995,496 254,806,953
5,637/627
12,716,925
equipment,
road
Investments,
unpaid;
underlying bonds matured
1942,
$2,259,790.
on
$2,259,790;
General
Corp.—-New Director—
$5,907,760 $11,306,966
$2,505,572
interest
1943,
259,790;
184,785
477,156
$8,157,880 $11,573,668 $17,044,420
5,652,308
5,665,908
5,737,455
-
—
income
Net
1,388.958
323,685
2,397,076
—
interest
4,985,816
675,471
324,309
10,429,035
! $10,554,956 $12,050,824 $17,229,208
railway operating income
Available
Stein, President, June
the end of the fiscal
was
1942
—
revenue
Railway
Temporary
This
Report—
1943
1944
Years—
revenues
—.
had to be installed, the
161, p. 2784.
Taylor Fly has been elected a director.—V.
been
V. 161,
$70,346,987 $70,194,002 $54,475,496
Maint. of way and structures.-——
9,487,436
7,917,772
3,945,748
Maintenance of equipment—
15,669,926
14,310,736
8,939,059
Traific
_j.
1,218,107
1,144,982
1,082,160
Transportation
21,027,800
20,385,731
15,620,065
Miscellaneous operations
810,086 '
759,111
512,214
General expenses
1,563,824
1,483,168
1,161,449
Davega Stores Corp.—Annual Report—
has
—
2555.
p.
t
stock.
as
purposes
preferred stock¬
205.
p.
„
June
.;
/.-
underwriting by a
Co., which
an
of underwriters headed by
Goldman,
Sachs &
purchase the new shares not needed for exchange
Decca
7.
p.
M.
oppor¬
an
ondary offering of 43,759 shares of capital stock (par $1)
was made July 5 by Kuhn, Loeb & Co., at $43 per share.
Dealer's discount 80 cents. The stock was purchased from
'■'i
H.
given
1945.
On that date, the redemption price of the
be $108.50 per share including accrued dividends
$3.
of
also
holders.—V.
it in the newly-occupied plants.—V.
of
Creole Petroleum
J.
the stockholders'
present holdings for new preferred stock
announced, and unexchanged shares would be
and for the 6%
$3.50,
involves facilities in four of the company's plants,
ground up in preparation for
amount
made July 12 of 160,000
162,
excluding
share.
per
their
redemption
Nov.
preferred
It
preferred stock, ($100 par) by a banking group headed
by Morgan Stanley & Co. and Clark, Dodge & Co.
The
price was $102 a share plus dividends from June 15.
The last public financing by the company was in 1940
when $10,500,000 of 2Yi % debentures were offered. The
debentures have since been paid off from earnings.—
Electricity output of the Commonwealth Edison group
sales to other electric utilities, for the week
$100
—
•
500-horsepower liquid-cooled
a
Crane Co.—Preferred Stock
was
of
redeemed.
to be tooldd from the
had
greater part
Commonwealth Edison Co.—Weekly
.
M10A
The project
two
Mar 25/44
'
-1—
.
•90%
-
that
powering
tured.
Subs.)—Earnings—
states that this company is now in production
tank engine, contracts for which were announced
Reese, President,
J.
the Ford-designed
late
1,505,000
tax)...———
-
<;
Continental Motors Corp.—Making Tank Engines—
on
20,000
exchange
to
Calendar
It
$1,380,000 $1,490,000 $1,032,009
Earnings per common share.
$3.20 •/
$3.65
$2.39
Note—The estimated provision for Federal taxes for the period end¬
ing March 31, 1945, includes provision for income taxes of Columbia
Pictures
International
Corp.
which distributes films to all foreign
countries except Canada.
This subsidiary in the opinion of counsel
is not subject to Federal excess profits tax.—V. 161, p. 1994.
: -'SB v
Net
on
2441.
$2,885,000
—
tunity
taxes
Federal
for
profit
excess
——
——
„
value
15-year
Mar 31,'45
'39 Weeks Ended—
'
*
,
4% convertible debentures due March 1, I960,
are
now
ready for issuance in exchange of outstanding temporary
debentures at the Manufacturers Trust Co., New York, N. Y.—V. -16t,
Definitive
Y-8
*
par
It is planned that, if the new issue is approved at
meeting, the present preferred stockholders would be
headed by Wertheim & Co. and
other houses made
Continental-Diamond Fibre Co.—Definitive Debens.—
Notes Sold—•
July 10 announced the sale to Kidder, Pea-
body & Co., New York, of $300,000
of 1940 at 103^.—V. 162,'p. 6.
161, p. 2657.
new
a
has outstanding 65,505 shares of 7% cumulative
shares of 6% cumulative preferred stock,
and
Operating
Ry.—Equipment
Southern
&
on
V.
a
be
determined.
now
stock
the
of
and including 25
public offering July 12 of $16,500,000 of 20-year 3%
debentures at 102 and accrued interest from July 1.—
p.
General Foods Corp. below.-*-V.. 76,
See
all
par value.
been
yet
company
would
a
the month of June, 1945, carried 8,415
passengers,
thereby establishing an all-time traffic high, according
to a monthly report issued by Sigmund Janas, President.
This shows
an increase over the same month last year of 74%
and was an increase
over
the previous month this year of 40%.
Express for the month of
June showed an increase of 55%
over the previous month.—V. 161,
during
corporation
The
.»■
The
call
to
of authorizing
$100
preferred
group
Lehman Brothers
Inc.—Traffic at Record High—
of
not
special meeting of the common and
held about the middle of August for
issue of 100,000 shares of preferred
The dividend rate for the new preferred issue
to
plan
stockholders
purpose
dividends
vestment banking group
;'v'-
directors
preferred
$9,980,533
$1,364,781 $11,859,086
$1,741,086
of Preferred
1945—6 Mos.—1944
1945—Month—1944
——
1
to
Packing Co.—Plans New Issue
Cudahy
of
Consolidated Retail Stores, Inc.—June Sales—
Sales
payable
Stock—Exchange Offer to be Made—
7%
Period End. June 30—
prepaid
and
bank,
$700,000;
accounts
payable,
$396,934; accrued compensation,
taxes
(other than Federal income
taxes), rents and other expenses, $76,799; customers' deposits against
undelivered
sales and other credit
balances, $83,382;
provision for
Federal income taxes, $46,422; preferred stock (par value $25 each),
$570,000; common stock (par $5), $1,010,000; capital surplus, $995,615;
earned surplus appropriated for purchase fund requirements of 5%
cumul.
preferred stock, $187,110;
earned surplus
(unappropriated),
$409,111; total, $4,475,373.—V. 162, p. 7.
"
/
'
on
(trade), $13,463; fixed assets (after reserve for depreciation,
Liabilities—Accounts
improvements—at cost (after reserve
$728,643),
$185,403; deferred charges
total/ $4,475(373.
of
Liabilities—Notes
stock
Continental Baking Co.—Debentures Offered—An in¬
k
Colonial Airlines,
in bank
subsidiary
of excess
equipment
for depreciation and
"
has
2,000
Securities
Union
Dean
& Co.—
31, 1945
Companies)
Subsidiary
Wholly-Owned
(Incl.
hand, $87,228; cash held by cotrustee
undep terms of trust indenture, $152,659; accounts and notes receivable
1,000
2,000
1,500
Deane & Scribncr_
& Co.——-
Spencer Trask
3,250
Lehman
16,000
McDonald & Co.—
1,C00
Mellon Secur. Corp.—---9,509
Merril Lynch, Pierce,
Fenner & Beane—
16,000
~~V. 161, p. 2657.
'
1,500
1,009
—
Peet &
Piper, Jaffray & Hopwocd.
Co.——
Brothers
■
Curtis
O.
Riter
C. Langley &
:
Webber,, Jackson
6,000
2,750
Noyes & Co
Hornblower
1,000
2,250
Goldman,
&
H.
750
Co.——
&
Newbold's Son & Co.
H.
&
Co.————-——-1,000
ridge &
W.
\
,
radio
$21,456;
expenses,
the
2,000
Paine,
Bosworth, Chanute, LoughChildress
Moseley & Co.——
S.
$34,997
loss
prepaid
follows:
as
641
stock and 6% debenture bonds of WMCA,
broadcasting station), at cost, $455,000,
capital
of WMCA
amortization
The
Net
Assets—Cash
the
of
names
of
number
shares of
125,000
the
on
offered is $437,500.
now
Underwriters—The
maximum
requirement
dividend
annual
The
57,579
641
Code,
$1,173,265;
companies (not consolidated), $158,400;
post-war refund
profits tax (est.)> $37,216; furniture and fixtures, store
70,538
57,592
;
leasehold-
reserve.
"
Revenue
(owner
recoverable under carry-back provisions of
$69,576;
merchandise in stores and ware¬
taxes
313,442
4..
:
J
__
Depreciation
$5,231,919
representing tax
charged to that
alterations and retirements
resulting from losses on sales of property
profits
capital stock of, advances to, and mortgage receivable from
$6,643,476
$7,002,483
——
Internal
Inc.
income
Government
excess
houses,
interest
repossession losses of $5,721), $183,383; accrued
and other investments, 8,696; Federal
and
S.
U.
and
$407,203
70,538
i
Bond interest
1944
$458,659
....
Expenses.
_
plant
for
reserve
reductions
31
1945
income
Gross
Amortization of
•
1,
Dec.
r'vJv.
/vy/
Consolidated Statement of Earnings for the Six Months Ended May
9,320,770
domestic opers..
foreign
made.
was
1%. was
Six months ago, a payment of
2j%%.
3,622,594
$6,613,762
29,714
2%
reduced to
been
has now
1934
304,789
for the six months ended May 31, 1945, and
accumulations."
Unpaid interest accrued since
was
account of
on
$9,159,302
1,589,868
%
which 1 Vi
27,675,859
4,859,053
Calif.
—Pays 2Yz% Interest—Issues Financial Statement—
The company on July 1 paid to the holders of the income mort¬
gage
and collateral trust sinking fund bonds interest of 2%%, of
64,710,747
25,845,395
.
from
income
*
•
$15,461,252 $13,062,683
—
from
''$>■'
'
89,453,352
credited
inome
Net
V-
29,093,178
profits taxes applic. to dom. oper.
•Amount
'
bad debts
on
and leasehold
and excess
income
S
U
$
.
on
company
Consolidated Office Buildings Co., Los Angeles,
$134,007,782$li4,028,331$101.,545,908
credits
profit
Gross
•
-
exps.—less net; misc.
Prov.
W/.":
•
-
..
sales
of
Cost
Oper.
V
,
output of electricity
(electricity
week; ended July 8,
'1945, amounting to 151,300,000 kwh.> compared with 143,900,000 kwh.
for the corresponding week/of 1944, an increase of 5.1%.
Local dis¬
tribution of electricity amounted to 150,100,000 kwh., compared with
442,000,000 kwh, for the corresponding week of last year, £tn increase
.of. 5.8%.—V, 161, p. .132. 'A,
./.J i../,/
July 11 announced System
generated and purchased) for the
The
:
1942
^
'
Consolidated Edison Co. of New York, Inc.—Output—
;
Years/V/r'.'y'
for' Calendar
Earnings
245
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4403
162
upon
■
Match
1
.
Co.
the
the
„
itemized the following
•
agreement vteth Swedish, or any
companies to control international trade. ,
non-entrance into export trade is not, and has
division of markets with foreign Interests, but
"has
no
cartel
has a diversified" investment in one company.
two* different States,, her pointed; out,
together under the Holding Company law. "He
also1 pointed: out
that service- can be rendered? more cheaply by a*
single company and- that there is a* liaison between the two" com¬
panies that is of mutual advantage.—V. 162, p. 133.
'
is not, and' ha« not been, a monopoly or a
match monopoly.
partner
.
.
,
tion
The
shop.
;V'' YY-I ' '
'
2785.
p.
■
sales
Consolidated
161,
.;.Y
;
has
Grumich
H.
162,
manufacturing.—V.
to
Contract—
according to a dispatch from Los Angeles, Calif.
A 50% cut¬
back in production was announced in April.
As
a
result of the end of production, it was stated that 3,000
plant
1,100
This
Security
Engineering
Co.,
—Lehman
at
oil field
of
manufacturer
A
share
and
ing Co., Inc., is the sole manufacturer of Securaloy, a patented metal
oilwell liners.
It is also, through the purchase in 1944 of Crum-
162,
California,
adapted
particularly
V.
of
Ltd.,
132.,
p;
:Y;
stock
ferred
•Maint.
of
way&struc.
4,706,065
equipment-,
Transportation
6,545,189
8,187,583
650,239
6,236,983
8,233,007
652,921
All
of
other
expenses
fund
Cumulative preferred stock
1941
sinking
stock
Common
oper.
Railway
Prov.
and
Hire
2,677,093
8,371,878
9,558,080
15,093,175
Note—In
CY316.654
Cr53,614
Cr41,622
£>r36,438
Dr31,333
Z)r28,136
Dr26,550
$9,458,181
$9,942,853
83,876
$9,441,861 $14,437,514
50,139
324,448
$9,479;260 $10,026,729
145,104'
435,997
$9,492,000 $14,761,962
rents (net).
income.
income
...
21,0.79:
_
..
fr.
deducts,
inc.,
321,957
1945
,
$9,334,157
$9,590,733
1,004,612
937,892-
—
Summary of
,
,
Divs.
paid
9,253,125
1941.
10,281,250
—
•Exclusive of loss
$122,733
$8,652,841
in
retirement
on
$411,743
1944,
Y. 39,775,723-
;
49,952,207
33,613,756
1941___—
in
Assets—Capital assets,
of
respect
advance
tax
1st
sale
etc.,
$267,227 in
1942,
at
1943,
amounting
to
from
$285,887;
Sheet
as
and
$126,162
in
and conductors, $54,220;
agents
materials
and
supplies,
Liabilities—Capital stock,
misc.
$2,612,228;
total,
receivable,
amount transferred
capital, in accordance with resolution of board
Mar.
28, 1933, $16,450,000;
total
funded debt,
dated
accounts
payable,
$207,213;,
interest
matured
unpaid,
unadjusted
earned
capital
surplus,
surplus,
$515,984;
$18,445,680;
appropriated
surplus,
$2,517;
credits,
$2,587,105;
total, $82,184.032.—V. 162, p.
8.
announced
was
and
been
transmitter
a
for
thorough
syndicate
vision
the
June 29 that
on
influential
an
consummated
for
South
study
America.
and
analysis
headed by Martin Tow,
transmitters
transmitter will
far
so
negotiations between this corpora¬
Arrangements were
of many competing
holds
granted
be located in
in
or
only
Argentina.
It
near
completed
after
proposals.
franchise for
the
Buenos
is
Aires,
The
tele¬
assumed
which
that
has
a
population of nearly 2,500,000.
Though this will be the first sale of
a television transmitter
actually
concluded for the continent of South America, several
priority applica¬
with DuPont for stations both in South America
tions have been filled
and
Australia.—V. 160, p.
1629.
.
,
v-,"
.
'
commenced
Upon
annual
,
of
a
trustees
.
to
of stockholders, several times postponed for
July 6 reelected the present board of seven
another year or until another election is con-
serve
on
the
for
ducted.
31,
A
of stockholders headed by Roger W. Babson published
shareholders to withdraw proxies given to the management
group
and
to
carried
to
the
Securities
and
Exchange
Commission
a
fight
to
of $4,822 by the trust to Georgeson & Co., for
soliciting proxies.
The SEC ruled against payment of a fee greater
than $1,000 to a proxy-soliciting firm.
Eastern Utilities, a holding trust, controls the Brockton Edison Co.
prevent
and
in
payment
the
the
Blackstone Valley Gas
River Electric Co.
there
fields
&
Electric
Co.
and
has
an
Fall
Replying to
stated
of
"
the
that
a
it is
question from
better
involved
two
representing
two
are
a
interest
continue
different
Atlanta,
Ga.
Georgia company became
subsequently 15 additional
the
company
in
store
—
shares
in
and
company
99
cities
in
subsidiaries
its
and
states
33
The
of
of
cumulative
respectively have
the
' -..
names
agreet}
the
operated
District
of
\ >•"I"".: V
underwriters
several
176
and
the
preferred stock which said underpurchase are as follows:'<
:
/
Walker
H.
Bacon,
&
9,400
Co.—..
Whipple
&
Edward
9,400
Loewi
Co.— 4,700
G. Becker & Co., Inc..— 4,200
Blyth & Co., Inc..
4,700
A.
Alex.
Brown
Courts
Guild,
President,
&
Sons
Sachs
Co..^
Co.____.
&
Reinholdt
&
I. M.
Simon
Smith,
Stifel,
500
Stix
&
& Co.__._
Jones
Cook
500
&
D.
Newhard,
1,900
& Co._'_—
Friedman, Brokaw & Samish
Goldman,
;
31,
15)45
$1,353*,5941
—
1,171,338
,
administrative
expenses—57,862
accounts^
365
$124,029
!
;
.
/
;
5,845:
$129,873
*
—
income
12,187
—
tax
profits tax
and
surtax
:
(after deduct,
14,00(9
:
post-war refd. of
73,809*
$8,200)
profit
A—
surplus at beginnig of period
$29,885
362,653
——
8.
in
Sheet
banks
$392,549
period-
end of
Balance
Assets—Cash
U.
as
of March
for
reserve
depreciation
total,
$37,046;
charges,
and
on
hand,
$433,519;
$232,000; accounts receivable^
assets,
$31,200; fixed
assets
securities, at cost,
inventories,
$338,076;
other
deferred
31, 1945 T ;
deposits)
(demand
Government
$464,961;.
Regulation
employees'
war
accrued
of
$117,905),
$1,648,270.
$111,467;
goodwill,
V*,
income.
on
payrolls, $10,180;
$15,470; accrued
provision for Federal taxes
on
El Paso Natural Gas Co
Y
Operating
$7,917,816
123,257
1,517,983
292,798
312,375
99,526
:Tf 17,522
111,974
1,549,164
1,282,751
379,726
:
—.
Deprec., depletion
Taxes, other than Fed-
—
1,917,380*
—;
28,960
31,757
358,855
costs.
Y 14,795
15,660
167,962
94,573
——:—...—_
$289,915
$316,975
$4,031,052
$4,100,512
income
eral
$8,087,319
$617,148
18,486
___
Maintenance
i
1945—12 Mos.—1944 1
$605,920
154,235
revenues
Operation
(& Subs.)—Earnings—
(Del.)
1945—Month—1944
Period End. May 31—
devel.
&
Balance
£>r3,128
Interest
*Drl4,31l
Dr27,364
$4,016,740
$4,073,154
29,616
28,629
371,172
360,473
705
1,309
-
$310,885
1,068
income
Gross
Br6,090
$286,787
Other income
1,522
—
of debt discount
Amort,
and
expense
Miscell. income deducts.
Net income
normal
Fed.
excess
$254,793
,
■
require.
96,423
14,9741
$3,607,005
$3,682,796
1,204,974
1,119,383
,
$140,160
152,439
219,846
$161,827
$2,249,591
$2,343,564
8,631
common.
for
Y
8,903
25,928
21,777
$148,792 "
stock div.
Balance
$280,028
surtax.. •106,001
profits tax.
income
Net
Pfd.
:
&
12,633
:
103ra79
8,631..
$153,195
103,576
v
$2,14&»12
$2,239,985
161, p. 2785.
Engineers Public Service Co. (& Subs.)—Earnings—
I
Period End. May 31—
1945—Month—1944
—
———_.
Operating
Operation
$5,080,776
1,883,540
revenues
j
1945—12 Mos.—1944
$5,247,350 $73,708,874 $61.386,5111
2,001,211
385,501
27,964,326
323,720
4.862,363
4.066,072,
389,229
419,897
5,562,806
5,072,865
73,914
50,995
886,977
346,030
—
868,877
1,073,704
14,649,694
12,696,164
431,442
Net oper. revenues...
$1,129,038
Maintenance
Depreciation
Amort, of plant
———
sition
Fed.
_.
(ex-
taxes
income
Other
acqui-
adjustments
Y eluding
reduction)
412,455-
taxes
Other
(net)...
income
23,104,436
$1,108,709
4,853,468
$11,247,479
Dr27,814
122,218
13,479
Dr20,329
—
5,726,043
$884,598 $14,056,661
I
'.Balance
Interest
•Reduction
income
——
333,398
4,556,813
3,864,240
$564,680
$9,472,032
$7,505,451
in
88,430
1,333,268
503,124
$653,110 $10,805,300
$8,008,581
Federal
142,851
taxes
Balance—-
,
455,760
$652,948
amortization
&
Net income
dividend
Preferred
$898,078 $14,028,846 $11,369,698
$795,799
-
..
applicable
1,000
1,000
Co
Gardner
&
Moore
Co
&
500
2,500
500
Co...
Nicolaus & Co., Inc..
1,000
interests..:*. -.Y;
11,875
10,751.
$5,844,028
to
minority
,
Balance
v,
Y;—■" : 69,440
105,202
Interest
Earnings from other sources
Balance applic.
to stocks of Eng. P. S. Co.$8,251,962
\Dlys. on pfd. stock;, of Enfc. P. S. Co...—
<
for
Balance
Earnings
per
.(Earnings
per
$8,769,875
517,913
Expenses, taxes and interest.
; *
4,700
2,153,802
$5,854,779
applicable to Eng. P. S. Co
...
$8,567,566
Earnings from subsidiaries, included as deductions above:
Preferred dividends declared
$27,666
Amount
2,500-
Co.——^——
2,225,858
$8,579,442
requirements.—^—_
common
'stock
and
surplus.....
*4
$49,999'
70,44(5
■.
v..
178,57lj
$6,343,039
;
476,541
$5,666,497'
2,126,608
2,248,284
$6,125,353
$3,418,213
$1.79
$1.53
share of'.common stock—Y—.... •.
$3.21
share of. common stock...$2.51
•Reduction in Federal Income taxes resulting from) amortization of
facilities under the Internal Revenue Code, which facilities
emergency
Period End. June 30—
—V.
;——:—
162,
•:
payable to banks—guaranteed under Federal Re*
$300,000;
accounts
payable—trade,
$206,761;
bond deposits and Federal income taxes withheldi
V,
accrued taxes other than Federal
interest and other items, $18,800;*
income (after U. S. Treasury tax notes
of $80,000), $225,500; capital stock ($1 par), $195,607; capital surplus*.
$267,141; earned surplus, $392,540; total, $1,658.270.—V. 162, p. 133. Yv
taxes
—1,000
&
June Sales Show Increase—
Sales
-
». ■
at
—
Shares
Shares
G.
117.
p.
-
Ended'March
.J
to
v.
stockholder, Henry
with the holding company because
operating utilities in two different
different kinds of investment.
By holding
to
single
a
v-*"./
r
Underwriters
of
the
1945
located
stores
number
160,
profit—————
Earned* surplus
—V.
operating subsidiary;
an
Lehman Brothehs
appeals
with
1922
in
business
organization
May
.writers
stock
capital
($5,031,470)/,
wholly owned operating subsidiaries have been organized.
The prin¬
cipal executive offices of the company are located at 315 Washington
Ave., St. Louis (2), Mo.
V;
vY Y"'"YY'
~1
meeting
quorum,
Net:
yet
not
stores
and has since been
At
mort-*
$837; -income
$1,004,100;
$1,004,537.—V.
Company
Columbia.-
.The
before
Business—Company is both an operating and holding
and its subsidiaries are engaged primarily In
operation of a chain of retail stores which sell women's shoes,
hosiery, handbags, millinery and related accessories.
Company
was
incorporated
March
13,
1929 in Delaware
and
acquired all of the capital stock of Edison Brothers Co.
(Georgia)
which at the time operated a
chain of 19 retail stores selling prin¬
cipally women's shoes and hosiery.
The Georgia company had been
organized in 1926 to succeed a partnership of Edison Brothers which
retail
Eastern Utilities Associates—Trustees Reelected
lack
stated
the
syndicate of Argentinian businessmen have
the sale and erection of the first television
rentals,
1951,
Earned
History and
(Allen R.) DuMont Laboratories, Inc.—Contract—
It
liabilities.
be
leased
company.
tion
are
occupied by the company (requiring an
estimates} amount of approximately $750,000) ; the carrying of larger
inventories which the opening of new stores will necessitate (requiring
an estimated amount of approximately $1,000,000);
and the remainder
for the improving and modernizing of existing ' stores where deemed
desirable.
:
Y.':--"'
Vv vV
Y: ■; YY Y Y..;YYYY:'
ping of
unmatured interest accrued, $214,425; other current liabilities, $101,873;
insurance and casualty reserves, $874,874"; total
$67,095;.
Excess
Fed.
above, will be added to the' general funds of the company and
be available for general corporate purposes, Including the equip¬
will
$25,116,000; accrued taxes, $12,530,212; traffic and car service bal¬
ances payable, $132,849; audited accounts and
wages payable, $825,700;
inisc,
Normal
<
and
stated
to stated
directors,
1942
897,054
919,322
*
Federal
(The
used to redeem all of the outstanding 5% cumula¬
tive preferred stock
(convertible until March 15, 1942) at $52 per
share, and a maximum of $1,575,000' will be used to redeem all of
the
outstanding 5%
cumulative preferred stock
(convertible until
Sept. 15, 1950)' at $52.50 per share.
The balance of such net proceeds,
estimated at not less than $1,896,470, not required for the purposes
$1,560,000 will
$82,184,032.
(par $100), $4,112,500;
and
1943,
1944,
200,450
193,695
T V
income.
on
,
Purpose—Of the estimated net proceeds to the company
accounts-receiv¬
interest
for
income
on
taxes
t
Consolidated
Income.
$947,539 Y
;Y, 981,021 •
1,000,906*
1,305,680
1,041,223
and $2,481,163, respectively.
$1,497,600
$66,049,880; deposit with sinking "fund agent
bonds, $657,300; "misc. invests.,, includ.
Credit
$1,056; total unadjusted debits, $222,171;
from surplus
31,
State
1,
total,
Months
—-
doubtful
for
charges
Explor.
of $144,285, $149,760,
and $248,116,
respectively.
Such refunds have been credited to a
reserve
for
contingencies.
In said years the excess profits taxes
(which are included in the above tax figures) amounted to $1,442,853,
1944
Dec.
and
Three
sold
operating;
Other
deducting post-war refunds of excess profits taxes
Corp., $76,512; cash, $11,094,658; U. S.
$1,005,008; sundry deposits, $125,109; net balances
savings' notes,
of
of tracks,
3*/2%
mtge.
Railroad
to
receivable
able,
or
taxes
State
24,205,239
.
Federal
•Before
14,393,750
5,140,625
1,453,200
1,097,504
1,113,017
* £4,911,899
1938.'
■
$8,203,322 $13,561,652
advance
June
$63,307;
Other income—discounts earned
> : Net
Income
($2,103,989
(2,116,357
(3,207,149
1,265,555
411,977
on
2,571,235
26,481,079
accrued
>5
State Taxes
$3,051,528
3,097,378
4,208,055
$44,542,663
'
1943
,1940—
;YYY:*"YY YYY:Y;>
■;
Balance
tn
'
acquired
guaranteed by the company.
Income
Net Sales
1939
$8,329,545
company
Sales and Earnings
Consolidated •Consolidated
1944—
$9,170,043 $14,578,927
966,722 .
1,017,275
.
to pft. Sc loss (surp.)
of the
Federal and
Years
183,035
Bal. of net inc. transf.
company
u
.
subsidiary
1945, there was
which, mortgage has.been
of
/
.
1942—
charges
charges
wholly, owned
a
'
treasury.
v/
•
Fixed
the
therewith
which at
unpaid ^ the principal sum of $282,000, pay¬
31,
May
ment
.
avail, for fxd.
Income
of
charter
the
to
have been designated 414% cumulative
the shares now offered.
(Includes 713
are
company's
the
in
Calendar
Gross income
Misc.
goods
$16,272;
$2,000,000 ,
*50,000 shs.
(384,781 shs.
parcel of real estate in Seattle, Wash., and in connection
assumed payment
of an existing mortgage thereon upon
6,552,116
Cr24G,280
(net)
cper.
ry.
Non-oper.
3,235,144
held
shares
which
stock,
a
prof, taxes
equip,
Joint facil.
2,932,609-
2,890,778
——
~
Outstanding
directors, 50,000 shares thereof
income
Fed.
excess
of
Net
accruals—
tax
for
Net
authorizing these shares was filed with the Secretary of State of the
State of Delaware
on
July 3",
1945; by resolution of the board of
$20,510,996 $22,148,221 $27,744,703 $23,652,551
revenues-
(par $100)
amendment
of
$1,411;
Liabilities—Notes
Authorized*
$2,000,000
65,000 shs.
500,000 shs.
-
$2)
(par
certificate
•The
preferred
Net
/
debentures
■
31/4%
3,123,141
3,052,630
4,368,623 Y 3,368,181
7,509,548
5,999,320
734,809
.459,736
4,514,326
Maint.
Report—
1942
of
Provision
York 43tock Exchange.
New
and
due
—
Selling", general and
serve
$40,600,07i $41,785,459 $43,880,824 $36,532,417
Operating revenues
the
on
Capitalization Giving Effect to Present Financing
1943
Statement,
sales
(after
414% cumulative pre¬
Listing—Application will be made to list the
.
1944
$16,784;
Income
bef ore. March
or
on
-
Calendar Years—
deficit,
"dividends.
manufacturer of rock roller bits
operations in difficult sub-strata.—
Duluth Missabe & Iron Range Ry.—Annual
bonds,
$1),
York.
Chase National Bank, New
and
deposits
sinking' fund
(par
Regis¬
Co.
amount to be set aside on or before March 30;
30 annually thereafter sufficient * to
redeem 2%"of the maximum number of shares of 41/4%
cumulative
preferred stock theretofore issued at $104 per share, plus accrued
the
drilling
to
lease
$5,138;
gage
Sinking Fund—An
1949
specialties, Security Engineer¬
for
Brainard,
$104
trar,
trade,
>
4,,
1, 1955; and
and unpaid
share if redeemed thereafter and on or before July
per
share if redeemed thereafter, plus accrued
dividends in each case.
Transfer agent, Bankers Trust
be given in the exchange. Formal
Outstanding Security, preferred
payable,
or
on
per
at
an
tools
lease,
before July 1, 1951; at $106 per
If redeemed thereafter and on or before July 1, 1953; at $105
and
thereafter
/
.
taxes payable or accrued, $16,645; interest payable on bonds'"
for the period, $20,082; deferred income accruing over term of
2%
Total" income'
1948; at $107 per share
1,
redeemed on or before July
share if
redeemed
if
acquisition will be about Oct. 1, 1945.
stock has been called for redemption.
<
at
Net
whole or
at $108
otherwise than through the .sinking fund, in
any time upon not less than 30 days'
notice,
^
•$2,34:
Balance Sheet-, May 31, 1915
Liabilities—Accounts
$2,849;
share and accrued dividends from July 1.
per
part/ at
in
exchange of one share of Dresser
stock for 1% shares of Security common stock. Approximately
common
$104
per
YY--"TY" .YY'YY
The agreement has been signed by the officers of both companies
but is subject to the approval of the Commissioner of Corporations
fit California and Security stockholders.
•
.35,000 shares of Dresser stock will
;
and Bacon,
& Go.,
1,191
$3,112
V./;-•/:'
:
any
Inc.—Preferred Stock Offered
H. Walker
G.
Brothers,
_I—
—
Electromaster, Inc.—Earnings—
the system inputs of
162, p. 133.
;
include
Redeemable,
I
Security, Y
The basis of the transaction is
not
6,876
"1,198
Assets—Cash, $16,017; cash held by cotrustee under terms of trust
indenture; $30,029; accounts and notes receivable, $109; lease modificai
tion agreement (recoverable at $500 per month), $39,500; fixed assets
"(after reserve for depreciation), $884,440; prepaid expenses and de*
.ferred charges, $34,441; total, $1,004,537.
v.''"::y ■ ,'.,Y;vY'Y
do
20,082
$28,944
23,223
6,876
profit7-.
v
.,
Whipple & Co. headed a group that offered July 6 50,000
shares of 4xk% cumulative preferred stock ($100 par),
of
Inc.,
■; v
/
■
4,929
Y
$31,268
A
Xw—.
$24*015
/
6,810
interest—!HI—II
bond
i' *L08s,
Cost
Calif., according to a joint announcement by H. N. Mallon,
of Dresser, and W. E. Seivers, Executive Vice-President of
President
Net
•
•
'
Co,,, as
-figures
above
$24,458'
——I
bonds..
:
client oper-
1945,, the System, inputs of
5,
Edison Brothers Stores,
Cleveland, Ohio—Expansion—
acquire
will
corporation
Whittier,
•>
r
42,847
Depreciation
Light Co.,
Light
Si
•Decrease.
employees, and- the El Segundo
components and a new Navy bomber
309.
Dresser Industries, Inc.,
-
.
of
—
Amortization* of
Ebasco
of
&
Power
Note—The
production
is making C-54
more.—V. 161, p.
which
needs
.
companies not appearing in both periods.—V.
employees will be released by the end of July.
But the company
reports it is still in "desperate need" of more employees at its other
two Southern California plants.
The Santa Monica factory, making
more
;
$66,862
48,537
i
retirement
.Boncfc Interest
Y.
Services ..Inc.,.- which are subsidiaries of
Electric Power & Light Coflo. and Na¬
compared with the corresponding: week
during 1944 were as follows (in thousands of kwh.): ;
Y; —Increase —
Operating Subs, of—J
1945
1944 .
Amount
Pet.
American Power & Light Co.—
172,383
166,975
5,403
3.2
Electric Power & Light Corp...93,297
97,143
"3,846
•4.0.
National Power & Light Co.—
94,757
91,306
3,451
3.8
ately,
1,500
2442,
p.
ended July
companies
American
tional- Power
received official notification that, its production
bombers at Long Beach, Calif., is to be discontinued immedi¬
needs
161,
$72,995
—
Bhlance;
on
1944,:
1945'
:___V
...
_—
Ftofit'
•
Services Inc.—Weekly Input—
the* Week
•ating
Vice-President in charge of
8.
p.
use.—V.
non-war
For
has
company
C-54's
.
Gain
bought
has
company
Ebasco
Vice-President—
elected
been
Douglas Aircraft Co.—Terminates Govt.
B-17
.
from the Reconstruction Finance Corp.,
for $291,302, a Government-owned steel plant at Massillon, O., it was
announced on July 10:- , The plant will continue on- war production
until its facilities are "no longer required-, when It will be* converted
i
Domestic Industries, Inc.—New
Edward'
Of
V- The
■■■Y' V Y ; YT ^
2555.
Pi
Y The
161,
those of Peggie Hale, Inc.—
sales include
consolidated
Note—Above
YYJ
Shoe1. Stores.—V.
Income-
Expenses
>
Govt. Plant—
Eaton Manufacturing; Co.—Purchases
1945—Month—1944
1945—11 Mos.—1944*
$975,517'
$746,158' $10,215*355 $8,823,213
Period End. June 30—
V.
—
133.
p.
.
Corp.—June Sales Increased 30.7%—
Diana Stores
'■
-
■[</■■:
'
Beck
S'.
A.
of
those
include
sales
Above1
'
mortgage)
Interest for the six months ended May 31, 1945.
6 Months Ended. May 31"—
$3,092,148
—
The company on July 1 paid to the- holders of the income'
;
;sinking fund bonds 2%
.
Smith,
Barney & Co., Dean, Witter & Co., and Blyth & Cot, Incf,
on July
10 offered 20,000 shares of -common stock (no
par) as a secondary distribution at $17T per share. The
concession to NASD' members was $2 a share.—V. 162,
1945—Month—1'944'
1945—6<Mos.—1844 >
$2,952,162 $14,672,543 $15,267,166
Period Endl June 30—
Sales
■
Increased 4.7%—
put
Eastman Kodak Co.—. Secondary Offering.
r
T.:Y; .Y';/Y
Diamond, Shoe Corp.—June Sales
8ta South Spring: Building; Co., Los Angeles, Calif.—
Makes 2 %-Interest Payment—Issues Financial Statement
operating- in
are:
be-
Gross-
company
2555.
p.
can't
.
'
■" 1 '.:'
■
■
■
said1 it was "a matter of record' that tlm Diamond
Match Co. consistently fought efforts of the* Swedish Match Cartel
and the late Ivar Kreuger to- take1 over the* U. S. market."—v. 161,
machine
utilities
and
produc¬
in any
domestic
any
(4)
Monday, July 16, 194$
shareholder
a-
The1
Diamond has notr attempted exclusively to> control the
of any match machinery.
Such machinery can be made
(3) The company
•
EUA
of high wages,
upon the inability to produce matches, under its scale
which can- compete* with low-pay products abroadi
in
FINANCIAL CHRONICLE
THE COMMERCIAL &
246
p.
133.
—
Y
1945—Month—1944
$5,213,105
1945—6 Mos.—1944
T,
$4,010,050 $25,733*028'$21,948;487
.
"...
expected to be employed throughout their normal life, and not to
(Before giving: effect to'reduction in Federal
taxes
resulting from .amortization of emergency facilities.—
V. 161, p. 2786.
; '
v
>
are
replace existing, facilties.
income'
...
,.
,
)
THE COMMERCIAL & FINANCIAL CHRONICLE
July 9 on a $1,850,000 building at the West
Lockport plant of . the corporation's Harrison Radiator Division.
It is
intended to care for post-war expansion.
;
* ~
The build,ing is expected to be completed in eight' months.—'V. 162,
Work
13; next, all of its/
outstanding
convertible preferred' stock (par $50) at $54 per share and dividends.
Payment will be made
at the Bankers Trust eo., 16 Wall St., New York, N. Y.
0 SiHolders may, at their option, at any time up to the close of busi¬
ness
oh Aug. 13,
1945, convert their shares into shares of common »
stock at a conversion price of $18 per share of common stock (taking
,
the preferred stock at $50 per share).—V, 162, p. 133,
'
' .
i
on Aug.
has' called for' redemption
shares of 5Vu%
cumulative
company
p
begun
was
134.
.
on
Florida RR.—Earnings—
teriqd—,('';/
;
9 Days
.:v
f Frank
.
President
Quigan,
J.
,
Frank
of
Quigan,
J.
•
—V.
Maspeth,
Inc.,
plans
Inc.,
Fedders,
2108.
D.
;
,
Inc.,'; are
Fedders-Quigan,
or
.
.
Exchanges,
issued by/the Committee on Security Rulings *
Exchange, on April 6. 1945, regarding the
declaration of a 20$ stock dividend on the capital stock, par value j$10
to be payable vQ- stockholders of record at the close of business
on
April 18, 1945, at\Philad/lphia, the committee on June 29 ruled
that
the capital stock De-jjuoted
"cx" said 20% stock dividend on July 2, 1945.—V. 161, p. 1878.
' ;.,v
:.vJ'V;' ' ,•>:
York
New
Curb
—V.
161.
2556.
P.
Gloversville RR.—Earnings—
Total
ry.
revs.
oper,
4
Net
Other
50,036
oper.;
tax
tax
rents
262,029
240,295
;
.
1,206
Net
of 41/2%
$16,482
income
Total
Misc.
fixed
v
charges
'
Dr427
at
$116,892
3,121
>;•, 7,439
2,189
8,996
11,664
Deprec.
and
—V.
$9,671
11,299
$7,412
$13,766
$53,598
$86,490
3,031
14,900
15,038
_—
30,
Sales
if
Increased 19.9%—
Franklin Stores Corp.—June Sales
$1,78$,012
-
/
directors
5 declared
July
on
stockholders of record July 14. | An
per share was made on Jan. 19, last,
similar payment on May 10—V. 161, p. 2659,
(The) Fresnillo Co.—To Pay
cents—V. 160,
15
July
on
21%-Cent Dividend—
•Dividends
;
Total
•
income
Interest
13,057
f Cr2,055
3,872
expenses
79,449
68,383
I •Including
$13,999
•
$326,468
$386,913
188,000
dividends.
■
profit
Net
of
all
the
from
.
.
!
which
long
was
I
.
/•
"
;.:.;■•
•
and.
preferred stock payable July 2,
on
of
March
undistributed income,
,
holders—
f;
Number
'••'/;.
board
;■
in
used
can
1945, $69.-
Colonial
/
$
'
! ",■ '
,;
'j
dent
,
Co.
business of
President
of
of
Colonial.
Colonial Salt Co,
was
made
jointly
A.
G.\Becker
Operation of
—V.
161,
p.
2218.
'
in
yet
as
for the
year
of
March
1945
with
compared
shares
first
as
I
.
15,614.
was
stock¬
15,792
average holdings of
much as 4%
of the
with
.owns
197 shares.
outstanding
■■
Statement
Income
1943
1914
-
1942
345,233,666 229,946,121 311,541,195
156,587,879 148,820,216 121,978,858
70,549,019
8,010,033
91,203,789
7,131,767
83,916,081
58,247,323
56,995,606
786,346
43,419,806
1,704,316
59,951,640
_______
in
57,781,952
43,958,349
7,908,529
568,554
569,029
1,225,981
72,722
1,217,750
76,077
57,205,774
55,638,212
41,694,674
property_____
extraord.
bef.
income
exp.
income
taxes
State
5,646,598
5,722,674
6,196,425
36,478,927 J34,523,196 123,220,566
756,150
844,663
738,862
profits tax
excess
income
400,813
573,503
1,885,300
81,293
post-war
deductions
Federal
538,543
276,483
205,771
;
intangible
for
Net
and
1928,
i_;
of
Amort,
Other
revenue________
'
income
taxes___________,
Net income
.
the
contemplates
of
•Includes
\
/
f
July 9<v by Austin I. Igleand Walter F. Ince, Presi¬
which
of
shares
have
■
sevenally
!_//__
1943
and
retirement
of
and
Total
Cost
U.
S.
11,513,630
sold__/____
excess •
supplies.^
Tangible
property
31,194
Intangible
10,000
Investments
'10,000
Special
taxes
1943
31,951
55,294
.
8,523,032
,
6,443,289
2,092,573
2,583,187
.
55,284
:
Common
.
15,623
>
2,192,543
15,909
Crl67,500
Crl02,000
Crl 17,500
and
_________
2,856
income
.
_/___—_____________
,
Assets—Cash,
inventories,
-
..
883'
7,963
9,500
:
-
3,299
$630,275
.
...
$345,551
$407,035
12,330
_______—_____
,
$715,238;
trade
accounts
investments
receivable
and other
13,550
121,051
123,183
Balance Sheet, March 31, 1945
$4,237,749;
2,045,015
1,892,421
135,168
19,396,330
1:
r
170,676,081 137,533,646
13,317,157
payable
payable
49,387,177
663,952
accruals
payable
——_________________
Equipment and other long-term
.credits
Reserves for injuries and damages—_________
Other
reserves
——
_____________
Capital stock of subs, held by public, together
with related portion of surplus
—
5Va% preference stock_l—_—i-—-—
4%% cumulative preferred stock--———
stock
Premium
—
—______—
capital stock—.:—
on
11(687,529
363,301
(equipment)____
taxes
.'Deferred
67,500
1,175,000
dividends
'
21,560,727
(net)
advances
401,313
obligations..- •16,336,972
95,000
dividends
7,369,688
Liabilities-
Other
1,020,000
provision, for' prior years
Net profit
Preferred
7,099,929
3,924,897
31,227,169
25,074,854
:
__I
!___
Common
..
41,120,548
221,355
1
and
assets
Accrued
115,000
on
$
9,862,418
;—:___
property
charges
Accounts
1,675,000
based
1943
1944
3,468,533
30,258,906
25,131,207
14,097,243
4,111,321
Total
.
"
Additional
$1,889,607
31
45,782,113
90,090
(net)—
funds
Deferred
...
Dec.
14,339,789
investments—;
notes
surtax
retirement
and
1943
,
.
;
receivable
and
profits >.taxri_^____-_
for.,debt
in
Sheet,
notes___„__
cash
temporary
Advances
deductions
income tax and
normal
tax
Treasury
and
3,500
v
.,
$
1
—______
Other
$16,407,732 $12,007,243 $10,187,959
tising, administative & gen. exp.
Fed.
Balance
Assets—-
shipping/selling, adver¬
Miscellaneous
$1,646,951
1944,
'
Material
1944
39,622
credits.
income
of products
in
Consolidated
J-
Accounts
•
•
.
;
$16,368,110 $11,951,950 $10,156,008-
Net sales
income
$78,500
Condensed
agreed
■:
.
.
Years Ended March 31
1945
Olher
/
post-war refund $4,029,968 in 19„44, $2,234,430
in 1942 and amount available through debt
Sharea
1,000
Statement,
1942.
for
$715,497
Common
8,000
828,052
1942.
Other
v
during
$After deducting
In
3,000
;
823,191
voting
by Greyhound
Accounts
Z
$2.9q
on
outstanding
in
»
&. Co
8,427,971
-$3.80
com¬
2,849,802 shares outstanding at Dec. 31, 1944, on 2,784,353 shares at the end of 1943 and upon the average number of shares
of
such underwriter's
opposite
set
is owned
Cash
named below
of
Greyhound
stock
Penn,
50% of
to
Inc.,
tBased
'
/■;
Corp.
equity in net Income ap¬
plicable
Lines,
remaining $575,000 will be
conditions permit for the construction of the
10,762,469
stock
stock
mon
The
year.
3,110,851
10,683,860
to
tAmount earned per share
of
11,538,821
3,785,211
of
public__—_
by
applicable
Greyhound
14,547,680
755,864
income
stock
to
3,640,239
$3.67
held
consol.
•Net
15,006shs.
260,000 shs.
expenditure
14,324,099
applicable
subs,
Outstanding
25,000 shs.:
300,000 shs.
..
income
Net
3,000
Income
'.•:■•
State
and
the
Colonial Salt Co. will be continued under its present
personnel. Plans call for expansion of the property.
^management and
this
System
record
Federal income taxes
by direct mail, over
Staats Co.
,
■'
record
___t
income
Prov.
food products
produced
Co.
Witter. &
Dean
■
..
of
operating
Interest
proceeds ($2,389,951) will be added to
will be available for such purposes
from time to time determine. . While
funds has as yet been made, the com-*
Co/—I-.
&
Thalmann
Ladenburg,
.
on
General. Foods Corp.,
Net
Other
vegetables, vegetable
two pre-cooked dry
Authorized
program
number
pest-war. refund.
has
for
aside
set
were
-
Shares
••->/
Corp.—Acquisition—
announcement
This
■
heart,
Salt
and
&sset,s
and
first
were
V
been, reached-between
this corporation
of Akron,
whereby General Foods acquires
agreement
An
the
,
Federal
!•
chopped
desserts,
Preferred
Credit
.
and
These
diets.
special
;
underwriters
,
in 1893—V. 162, p. 134.
General Foods
of
expenses
and
fiscal
current
the
purchase
name:
was
.
Greyhound
revenues
may
manufacturing building.
Number of Stock¬
:w
the
largely operate on a non-profit basis.
■
Depreciation
company
net
directors
tentative
the
Warehouse,
>
estimated
Underwriters—The
,
.v\/
the
of
stockholders
Operating
W.
r
of
Operating
payable May 1,
general- funds
of
present
further stated that the number of stockholders has approx¬
imately doubled since Dec., 1930, is about 17 times that of 30 yeara
ago and 73 times the total in 1893, the year following, declaration of
the first dividend.
There were 14,201 stockholders in 1915 and 3,272
-'••/■It
Vic¬
568
requirements.
operated
$100,000
due
expended subsequently as
cost,
In this company as of June 22, record date
totaled 238,494, an all-time high, it was
Trench, Secretary. This marks an increase of
the similar period of last year, the total on June 23,1944,s
6,162 over
being 232.332.
securities
Government
miles
approximately $925,000 for additional -construction, machinery, equip¬
and facilities, 1 of which approximately $350,000 will, if possible,
div¬
of stockholders
W.
additional
An
which is expected during
accrued
statements
ment
for dividend payable July 25.
by
S.
future
Calendar Years—
Bus
:
the
1945,
allocation of
specific
pany's
:' ■■■'
>
U.
number
Total
and
babies
$100,000 note
company's
the
no
$494,027;-total, $22,470,671—
■
- ' '
General Electric Co.—Has Record
Announced
31,
$1,000,000,
the
William R.
V*
preferred
in
Purpose—The
taxes, etc., $26,000; $4.50 cumulative preferred stock
(par $100), $6,200,000; common stock ($1 par), $1,479,840; capital
surplus, $12,485,574; profit on securities sold less dividends paid there¬
from, $1,715,480;
V. 161, p. 1542.
new
•
strained
for
service.
from
delivery of
:Consolidated
*
<
shares of. 41/2 %
of
for
reserve
■''
•
combinations,-fruits
:*'
products
of
498
net
Stock.
•
stock are cumulative
requiring
of
in
stockholder
No
organized in 1901 in Michigan, as Fremont*
in 1941 to the present title.
Com¬
and sale of food products, prin¬
for the feeding of babies and young children
line
^
owned a total
1943.
A total of
4,213
Lines
Dec.
"v
average
holdings of 186
holders for the previous year
was
adults
order,
with
/
issue.
of
at
as
retired
were
on
These companies
-The
.
which
as
to
Liabilities—Dividend
750;
time.
1948 for the purchase
preferred stock ia sum
number
greatest
dumul/ pfd. stock. ($100 par)—.
Common stock ($10 par)—
—
be
Assets—Cash,
?
•.
sinking fund for which the com¬
cumulative
magazines, of national circulation,
radio, and through other mediums.'
the
-■
$1,688,926; receivable for securities sold, $15,586;
idends receivable, interest accrued, etc., $56,435; securities, at
$20,708,724; total, $22,470,671.
V
•
as
~;-v
31,
Greyhound
4,034
'
current
financial
had outstanding serial notes
each May 1, 1945-54, inclusive,
1945, was paid when due.
The first four maturities of the remaining notes are held by Harris
Trust & Sayings Bank, - Chicago, and the last five are held by The
Northwestern Mutual^ Life Insurance Co., Milwaukee, Wis.
of securities for the six months ended
Federal Income tax), was $1,566,346,capital gains.
sale
term
'
or
4%%
of
tNo
-
operation,
in
stores
liability for Federal income and excess profits tax
totaling $46,741,329 was substantially
covered by
holdings of
$45,832,423 of U. S. Treasury tax notes.
Accumulated post-war re¬
fund of excess profits tax-at Dec. 31,5 1944; amounted to $6,963,566. "I
This compared with $2,949,927 at the epd of 1943.
The investments in and advances to Greyhound terminal and garage
companies having increased to the substantial total of $6,713,537, the
accounts of these
companies • have been included in the consolidated ;
the preparation
foods,
by
aggregating
Balance Sheet, June. 30, 1945
,
date
buses
consolidated
The
March 30, June 30, Sept. 30 and Dec. 30
shares issued prior to Sept, 30, 1945,
on
old
$1,512,560
Capitalization—The capitalization of the company, adjusted to give
effect to .present financing, is as follows:
1945, after taxes (except
June 30,
in
broad
a
meat
the
provision for Federal income tax has been made in view of the com¬
pany's election to be taxed as a regulated investment company and
the intention to distribute substantially all net income from interest
and
on
the
1944
with
1945.
..'
$363,882r
201,000;
$24,795 in 1944, $19,323 in 1943,
of securities received as dividends.
1945,
in
$30,728
1942 market value
in
June 30, 1945, had 146
earlier.—V. 161, p. 2660i- .•
coaches were
undetermined
,
Name was- changed
use
of
advertised
69,555
194,000
$5,061,179 $25,911,008 $24,837,922
working capital of $8,272,572 at Dec. 31, 1944,
represented a substantial increase over the total at the end of the '
preceding year.
This sum remained
after $4,848,572
in cash and
always been sold under the name "Gerber's. Baby Foods."
From
the time of their introduction to the trade they have been extensively
20,858.
$349,242
162,750
—
stock
pfd.
on
from
canned
for
As
income
Net
Divs.
'
commencing
..
—
>>
1945—5 Mos.—1944
1945—Month—1944
$5,351,917
at
of
end
tory
Savings Bank,
cumulative
on
Dividends
.Company's
34,817
13,838
55,422
■
-
,1945—6 Mos.—1944
have
$530,167,
t58~136
73,833
10,566
the AV2 %
on
year.
cereals.
41,055.
etc
>
: ,_
.
year
compared
The
preferred stock theretofore issued and outstanding.
specializes
and
49,459
$438,639
$468,001
debentures-.
on
expenses,
Other
18,740
$418,538
———
Taxes paid and accrued
Transfer, register, trus¬
tee
$449,261
24,976
bonds
and
the
383
and
.
is
-
.
of the
share
payable quarterly
cipally
$480,709,
$475,583
&
stock
of
1954,
30,
Business—Company
1942
'• • ■:
$393,562
stocks—
on
Interest on
1943
■,
Trust
classes
per
Canning Co.
pany
Inc.—Earnings—
1944
1945
6 Mos. End. June 30—
a
year
;
cumulative preferred stock and
Chicago.
Regis¬
Continental Illinois National
the 4%%
Harris
is
June
cumulative
consist
General American Investors Co.,
■
the
Victory model buses and 64 used buses were purchased during the year
and on
$2.50
are
and
f
;
1952, and on or before June 30, 1954, and $103 a share
June 30.
1954.-payable with accrued and unpaid
the date of redemption.
-
to
to
each
of
2646.
p.
2786.
p.
corporation
buses
after
Dividends
ana
11
for
(The) Greyhound Corp.—Annual Report—
At
"
declared a gross dividend of 21% cents
per share, less 8%
Mexican dividend tax, on the common stock, no
par value, payable July 25 to holders of record July 13.
Distributions
during 1944 were as follows: On July 25, 20 cents; and on Dec. 20,
directors
;
The preferred
(par $10).
Provision is made for A cumulative
*
are
The
: 1945—Month—1944
_____
The
30,
cumulative
per
share, payable July 20 to
initial distribution of 12% cents
Which was followed by a
'
(II. L.) Green Co.; Inc.—June Sales Up 5.7%—
2416.
p.
161,
Sales
before June 30, 1953; $104 a share if redeemed after
or before June 30, 1954; at $103.50 a share if
or
redeemed
equal
quarterly dividend of 15 cents
a
stock
pany shall set. aside in' each-year
cl redemption of shares of 4Va%
\ To Make Larger Distribution—
The
figures.—V.'159,
Co. of Chicago.
after
dividends
1945—12 Mos.—1944
$1,499,415 $22,146,891 $19,153,727
1945—Month—1944
Period End. June 30—
for
$15,610,089 $13,740,854 $80,724,973 $73,261,718
Period.End. June 30—
cumulative
1953,
after June
*
the
Detroit plant
will be utilized
Graham-Paige car.—V. 161, p. 2786.
—
—V,
,
before June 30, 1955, and
$103 a share if redeemed after June 30, 1955, payable with accrued and
unpaid dividends to the* date of redemptoin.
This stock is also subject
to redemption after June 30,
1948, through operation of the sinking
fund, upon net less than 30 days' notice at $104.50 a share if redeemed
on
or
before June 30, 1950; $104 a share if redeemed after June 30,
1950, and on or before June 30, 1952; $103.50 a share if redeemed
*
8.
of
new
Period End. June 30—
$3,461,-
approximately
surplus of
a
-
such
1952, and on
*
1944,
31,
common
stock
4V2%
redeemed
Ry.—Equipment Notes Sold
Reconstruction Finance Corporation announced
July 10 the sale to Kidder, Peabody & Co., New York,
of $300,000 3% equipment notes of 1940 at 103y2.—V. 162,
P.
facilities
Sales
preferred stock is subject to redemption at
option of company as a whole or in part at any time upon not less
than 30 days' notice at $106 a share-if redeemed on or before June 30,
1950; $105.50 a share if redeemed after June 30, 1950, and on or before
June 30, 1951; $105 a share if redeemeed after June 30, 1951, and on
or
before June 30, 1952; $104.50 a share if redeemed after June 30,
Fort Worth & Denver City
—The
in
agent for both
both
for
Bank & Trust
161, p. 2556.
Division
tractor, and other
new
a
;r(W. T.) Grant Co.—June Sales Increased 13.6%—
the property was con¬
long as
as
underwriting group headed by A. G. Beck¬
of
common
June
:
the-entire
production of the
priced at $103 per share and the common stock
Transfer
the
$97,789
11,299
struc.
&
(way
,$64,897
2,259
__
for
$18 per share.
The
—
equip.)
$16,025
2,259
2,980
income
Net
:
cumulative preferred stock (par $100) and 54,-
stock is
$82,156
8,264
debt
<—conting. interest
Dec.
694 shares
Dr 1,736
trar
chgs—
fxd.
aft.
Inc.
\
/
...
,
Interest on funded
,{
k $21,335
////•:3,365
1,583
deductions
Total
\
$118,629
$82,583
Dr493
$14,619
_____
*$21,823
Drl,863
Income-
oper.
ry.
Equipment
establishing its Farm
"Rototiller,"
at Warren, Ohio, it was announced on July 9.
As part of its agricultural program the company plans to operate
an
experimental farm in the vicinity of Warren for the testing and *
development of new machinery.
With the farm division at Warren,
& Co., Inc., on July 11 publicly offered 15,000 shares '
er
'
'
Other income
is
Gerber Products Co.—Common and Preferred Shares I
/ .15,916
5,660
.
sidiary
of Dec. 31,
1944, reported total assets of
force at that date amounted to $64,886,723.
as
'insurance
Offered—An
17,619
10,915
3,226
corporation
manufacture and sale of the
against 148
^
30,000
3,460
1,731
such policies
on
on
1
approx-
policies who have held insurance with the company
company,,
based
789,
next,
15,
Aug.
on
Co., 16 Wall St., New York, N. Y.-rV. 160, p. 1879.
.
capitalization of $1,000,000 and
a
redeem
to
agricultural machinery at the Warren City Manufacturing Co., its sub- '
Upon completion of the present financing, the'new company will have
$140,205
*
6,000
——
to.wn,. the
$3,887,609*.
j
$141,117
47,452
$26,260
accruals—_
income
Federal
Net
fr. ry.
rev.
$27,674
.i,
Ry. oper. expenses
The
the
tinuously insured by the company up to the record date, May 11, 1944. •'
Established in 1843 as the Mutual Fire Insurance Co. of German-
1945—5 Mos.—1944 ■ u
$403,146
$380,500
1945—Month—1944
$77,710
$73,712
Period End. May 31—
'
premiums paid
f
.
Fonda, Johnstown &
,
$542,862
term
elected
Graham-Paige Motors Corp.—Organizes Farm Division
company,
.
has
corporation
at the Bankers Trust
period. of years, continuously and on the same property, may
application to obtain additional warrants
representing total
a
make
1945—6 Mos—1944
$2,991,451 $2,712^2
1945—Month—1944
$596,554
__
for
Inc.—June Sales Up 9.9%—
(M. If.) Fishman Co,,
•Period End. June 30—
the
,
Holders of
Sales
predecessor
of the record
of
>
imately one-half of its $3 cumulative preferred stock outstanding on
July 11, 1945, at $50 per share and dividends. Payment will be made
,
Mutual Fire Insurance
of. Germantown, as
date, May 11,>1944, will receive
stock purchase warrants covering rights to purchase the stock at.$20
per share on the basis of one share for each $10 in annual premiums
paid.
In the case of perpetual policies in force with the company,
warrants to purchase one-tenth of
one
share of new stock at $20
per share will
be given for each $10 of deposit as of the record
date.;
/,••."
,•/ :
•'
■"•/
;■ • '•/
•'Supplementing ruling'
the
the underwriters.
are
Policyholders
4
^
The
Philadelphia—Stock Div. Ruling—"
Fire Association of
4
.
Gorham, Inc.—Calls One-Half of Preferred Stock—
Manufac--y
Germantown Fire Insurance Co.—Stock Offered—Pub¬
said that
lic-offering was made July 10 of a new issue of 50,000 >
the name
shares ($20 par) capital stock of the company.
being prepared.—W 161j
Bioren & Co., members of the New York and Philadelphia Stock
N.
turing
of
1944
accounts, $1,318,675;
$1,163,119
—
Y., which acquired working control of the Fedders
Co., Inc., of Buffalo, N. Y„ in April, on July 10,
for a consolidation* of the two companies under
Li I.,
.
1945
$1,142,824
1944
$62,833
$59,300
Operating revenues
162, p. 134.
'« ';
^
■
Jan, 1 to June 30
-
deferred
$1;
goodwill,
salaries, wages, commissions,
and
taxes
thereon,
$207,316;
officers'
and shareholders'
accounts,
$75,226;
employees'
deposits for
purchase
of war
bonds, $6,889;
accrued taxes, Interest,
and other .expenses, $105,877; Federal and
State taxes on Income (estimated), $2,151,263; current Instalment on
long-term debt, $100,000; notes payable to bank and insurance company
(unsecured), $900,000; common, stock
(par
$10),
$2,053,060;
capital surplus, $59,796; earned surplus, $1,118,724; total, $8,096,826.—
V. 161, p. 2786.
•-^'y
'•
Ended June 30
1945
Consolidation—, ■
i-Tedders Mfg. Co., Inc.—Proposed
Liabilities—Trade
*■/,,,
k
Georgia
^
_
,
erty, plant, and equipment (net), $1,556,409;
charges, $121,821; total, $8,096,826.
General Motors Corp.-—Plans New Addition—
Preferred Stock—
Co.—Calls 5%%
Elliott
/The
—
4
5,940", 089
588,577
414,920
3,063,794
174,581
162,878
2,831,291
4,722,014
2,475,143
2,837,573
19,250,761
17:)441,331
3,227,070
5,000.000
19,640,999
175,000
18,309,102
J
38,411,565
31^,385,635
71,351
;
Earned
*
(net), $1,002,835;
assets, $462,772; propt
:—:
surplus
Total
■.
•Includes
1944.
——
170,676,081 137,533,646
debentures due Oct. 1, 1959, sold In
—
$10,000,000
.
of 3%
:
■
..
I
••••■•>',
income
dividend
Total
'
88,251
3,556,205
4,599,137
$9,892,55"!
$9,656,189
351,597
344,661
expenses
Interest'
15,402
intangible property—' - 90,174
of
Amort,
1
*
post-war
amount
$159,000 in 1942.
Note—xhe above statement does
the undistributed net income of
after
1943
and
in
respective years.
I,
_
and notes receivable—
Material and supplies—:
Accounts
—
-
■-£
(net)—
property
Tangible
—
Intangible property (net) — —
Investments and advances (net)
assets
Other
-
charges
Deferred
Total
——-
r—
payable
Other reserves
stock—;
preferred
preference
cumulative
5VC%
4
Vi %
stock
Common
——-
—.—
—
175,000
on capital stock——
—
surplus —
—--:
Earned
Total
—V.
.J..——
Contract—
corporation's
operating
Railway
Net
Fed.
and
railway
——j
:
Unemployment
charges and other
accrued
•
'
334,902
:
and
412,000 common shares.
on
in
capital
stock
increase
to
in
to
—V;
authorized
*
1942
161,
first
262,891
$4,920,809
$5,786,551
327,603
235,956
197,809
$3,780,052
$5,156,765
income
Total
the
Hyde Park Breweries
will
stockholders
$13.75
stockholders
Light
of
July
on
the
bonds,
two
series
Fixed
charges
105,
at
plus
Payment
bond.
Co.,
Trust
is
So.
135
trustee,
a
meeting
Telephone
B,
due
May
on
Co.
vote
on
8
Aug.
on
on
Aug. 7 and those
approving a plan
July 1, 1964, and $1,189,000 of Western'
mortgage and collateral 3%%
bonds,
-
136,491
,
surpius
Bal. transferred to earned
1965.—V.
161,
'
120,682,
.
.——
Assets—
'■
'^0.'^;
250,000
——
...
—
RR.—Annual Report-
10,715,000
517,904
1944
Ry.
expenses—
oper.
Net
Ry.
fr.
rev.
560,842
4,249,709
Material and supplies
2,106,115
Interest and dividends receivable
139,958
Other current assets—
;
■:—:
...i -y.
194,371
Deferred assets
T—•————622,145
545,578
3,277,261
2,717.217
38,303
42,718
354,518
—
Special deposits _1—1—
*
Net bal. receiv. from agents and conductors.—
receivable.
accounts
Miscellaneous
334,518
—
—
—
Equip,
Long
$5,098,527
$5,122,835
2,087,386
1,787,303
Audited
$1,550,198
$3,011,141
980,838
$3,335,531
1,145,293
Interest
303,148
Br)_
797,394
253,049
349,591
Net
$499,756
$1,069,891
$1,722,155
payable.———
unpaid—
———_
accounts
matured
accrued
rents
income
1,349,149
78,608
50,484
46,804
inc.-
$1,848,905
,516,813
$1,148,499
36,795
$1,772,640
38,183
$1,932,815
41,540
'■
tax
liabilities
Misc.
> -
•
available
,
lixed
Fixed
Net
fr.
deducts,
Income
for .;:;y
$1,332,092
charges-—-
Charges
income
■"Dividends
583,923
———
-
608,000
•8%, in 1943, 12% in 1942 and 15% in 1941
Total
—V.
General
etc.)
(incl. road, equip.,
Total investments
Cash
cash
deposits
investments
Temporary
Special
Misc.
accounts
Material
Interest
—
from
receiv.
Net bal.
25,128
—V.
'receivable
«——
supplies———
and dividends receivable
and
'
'
22,615
assets—'
———
35,995
assets—————63,782
unadjusted debits-———
—
918,525
Rents "receivable
current
other
deferred
Total
Total
'•?,.
Liabilities—
.
liabilities
Deferred
Total
unadjusted
Unearned
i——
credits
surplus
Earned
surpms
Earned
surpius
(appropriated)—
(unappropriated)—,—
—
Years
Ended
•Net
of
$7,600,000
9,125,000
$7,600,000
2,302,747
1,219,425
172,904
194,818
260,846
675,329
430,940
227,552
2,399,093
1,440,571
241,465
194,773
5,499,070
2,200
130,277
6,207,065
2,200
127,126
5,485,798
9,125,000
19,414
1,233,665
562,789
231,295
•Revised
————————
for
purposes
of comparison.—V.
]_ $34,478,117 $34,162,259
162, p.
10.
31—
Dec;
sales
Cost
sales
Operating
income
Other
income
Net
fo»*
y 'V.,
^
estimated
-
taxes based
year
the
Dividends paid
•A'ter
per
($1 per
34,872
—V.
$881,508
$772,607
590,026
509,587
»—
$1.47
excessive profits on war contracts,
$1.33
for refunds
of
v .
freight, express and shipping expenses.
Consolidated
market
in
banks
value
Balance
and
on
Sheet,
hand.
(cost,* $58,699),
Dec. 31,
560;
1944
$708,708;
$239,762; goodwill/patents, etc.,
other assats, $285,086; total, $5,061,582.
contracts,
accrued,
loan
$522,103;
(secured),
$9,009;
deferred debits, $30,-
advances
on
Government
$2,603,106: taxes pavable or
emmissions payable, $9,652; capital stock (par $1),
$1,035,963;
accounts
payable,
y
Stock Offered—Public t
represents the sale by a group of individual stockholders y
of a portion of their holdings.
' y ..
Redeemable
31.
Dec.
payable quarterly March, June, Sept.?
option of the company in whole or in v
cumulative and
Dividends are
and
at
part, at any time upon 30 days'
notice at $103 per share and dlvs.
Business—Company, incorporated in Illinois April 13,"'
1915, is believed by its management to be the largest manufacturer f
of upholstered
living room furniture in the United States.
It also "
normally produces dual sleeeping equipment, bedroom furniture, dining v
room furniture and "push back" theater chairs.
During the war years •
it has devoted a substantial part of its facilities to the production of
military goods and other items indirectly used in the war effort, and
there has been some curtailment of its ordinary activities.
Company :
was
organized as a result of the consolidation of four furniture,
manufacturing
companies which were under common control, the.
oldest
of
them, Naperville Lounge Co., having been established in „
1893 with an original Investment of $6,000.
Net worth of approx¬
imately $9,189,000 as represented by capital and surplus shown in
the consolidated balance sheet.of April 22, 1945, has resulted primarily
and
History
reinvestment of earnings.
'-;
;; v
y
manufacturing operations the company and subten plants which have an aggregate floor area exceeding-
furniture
its
own
•
2,000,000 square feet.- In 1944 production, despite wartime manufac--C
turing restrictions, amounted to approximately 430,000 items of furni¬
ture, in addition to a large volume of war goods.
Total shipments
for the year exceeded $22,000,000.
Employees currently number about
2,750, which is approximately 800
fewer than the pre-war average.
"
v
of the company are distributed principally
department stores and mail order houses.
Approximately 9.87% of total consolidated sales of regular products in
1944 (not including war materials) represented sales to mail order
houses.
A relatively
small proportion of sales is made to jobbers.
Sales of "push back" theater
chairs are made to theaters and toy
others requiring such facilities.
y
to
The
products
principal
retail
furniture
stores,
,
Capitalization
as
22,
April
of
Preferred stock
1945
y
Authorized
"'..y
:y
Outstanding
•
(par $100)—
Series A
-
series
'
"
20,540 shs.
54,460 shs.
700,000 shs. •
'
.
' *20,540 shs.
,
None
410,800 shs.'
•Includes 11,105 shares now outstanding which are to be acquired
by the underwriter from the selling stockholders.
Note—As authorized by the certificate of amendment, filed Dec. 19,
1944, to the certificate of incorporation, company issued 20,540 shares
of series A preferred stock on Dec. 30, 1944, in payment of a stock
stock
dividend
to
(no par)___
the
holders
then
outstanding,
stock
$1
;■
_
Co., Inc. at 103 and accrued dividend.
The offering in¬
volves no financing on the part of the company, but )
Common
$55,513;
$183,791),
3
1945—6 Mos.—1944
$9,624,437 $56,557,128 $57,355,733
$9,636,625
'
Mfg. Co.—Preferred
Kroehler
Other
marketable securities
accounts receivable, $2,157.319; contract termination claim receivable. $602,715; interest re¬
ceivable or accrued, $3,575; inventories, $844,293; land, buildings, ma¬
chinery nnd equioment general (after reserves for depreciation, 894,451). $1.34,051; snecial war facilities (after reserves for amortization,
Assets^—Cash
—at
j
f
offering of 11,105 shares of series A preferred stock
41/2% (par $100) was made July 6 by A. G. Becker &
$291,481
197.500
year..$263.0T9
share)———..—
197 500
——.—.—
——
—
161, p. 2661, T
I;
a
,
.
1945—Month—1944
Period End. June 30—
Sales
.
64,180
,
income
on
;
share
provision
$821,694
$737,735
!——-—■—I-
!
Earnings
W*
$7,557,712
6,430,986
305,032
333,808
1945, as against 714
operation in June,
in
(S. II.) Kress & Coi—June Sales Slightly Higher—
sidiaries
—--—
current
the
for
;•
—_——————
income
Provision
Subsidiary)
general expenses—
Selling, administrative and
stores
161,, p. 2661.
earlier.—V.
year
For
'■ V'V;^AA
—
—-——$8,436,844
_i_—7,365,300
709
were
>
$16,078,736 $100,278,618 $95,059,358
$18,010,826
There
1945—6 Mos.—1944
1945—Month—1944
Period End. June 30—
Inc.—Earnings—
——
Liabilities—Bank
Total
Stores, Inc.—June Sales—
.
income for
5,929,014
—
——
————————
$85,347,955 $82,887,555
,1945—Month-~-1944
1945—5 Mos.—1944
$3,727,068 $3,288,642 $17,936,669 $16,053,917
(Including Canadian
741,093
vy'.?.?';?.:1, yy
Capital stock ———'
Mortgage bonds
Traffic and car-service balances payable.
Audited accounts and wages payaoie—
—
Miscellaneous
accounts payable—
—
Interest matured unpaid—
——
Unmatured rents accrued——
—.—1——y
Accrued tax liability-1—
Other current liabilities————
161, p. 2557.
outstanding general mortgage 6%
bonds, due In 1947,
for redemption on Aug. 1 at par.—V. 158, p. 673.
called
(S. S.) Kresge Co.—June Sales Increased 12%—
-
from
.T'¬
36,705
48,181
$34,478,117 $34,162,259
Total
1,876
,
Irving Air Chute Co.
815,352
943,208
668,392
25,694
:
1-1
!
:
135.
Sales
21,793
749,353
810,746
703,444
—
agents and conductors
23,622,802
1,876
>
"
Dec. 31
1944
V *1943 '
$28,414,808 $25,491,950
2,733,719
1,394,885
« \
3,975,000
Assets—
466,402
22;449,498
^
—
Interstate Department
charged to accumulated
Balance Sheet,
257,173
——...a....——i--
!
surplus
Period End. June 30—
surpius.
Comparative
12,842,582
...
162, p.
9,661,469
—
....
surplus
Appropriated
Earned deficit
$1,385,819
1,140,000
$1,232,675
912,000
$608,254
'
—
—
Unadjusted credits
C y?y ;;yyy'W1:y
$1,111,705 $1,734,456 $1,891,275
503,451
501,781
505,456
$748,169
—
paid
—-
—
...
liabilities
Deferred
Earned
income
Total
—
liabilities—.—...
Accrued
$1,886,011
—
income
oper.
ry.
Other
—
and wages payable—
accounts
Unmatured
$7,500,000
50,826,322
2,063,431
1,609,462
155,543
v
111,723
1,001
3,909,691
4,004,788
808,044
1,036,621
28,504,821 29,071,718
50,554,119
1,516,490
1,478,881
149,465
272,437
1,874
-—
Current
rents
$85,347,955 $82,887,555
par)—!_——_——ii—• $7,500,000
service balance credit
car
Miscellaneous
304,227
($100
debt
term
Traffic and
1,493,798
(net Dr)
(net
rents
t'acil.
Jt.
the
1,995,560
■
stock
Common
$3,927,910
$2,434,112
1,014,630
——
——
-
; !
Liabilities—
1,015,445
income—
oper.
2,289,995
————
Total
1941 ...■>
$14,811,183
9,688,348
$2,565,643
oper.
ry.
accruals
tax
Ry.
$16,281,505 $16,734,810 $15,937,603
13,715,862 12,806,900 10,839,075
of
Sales
7,636,000
notes)
savings
Unadjusted debits
Calendar Years
1943
1942
for
Account
income
%
Debentures—
for
15-year
?
.
1944
' ' 1943
$62,580,550 $61,640,845
1,371,365
4,305,037
Treasury
;
S.
(U.
investments
cash
Temporary
revenues—.
All
V':''' TT yf'.r-'
rV.'■ '■
Investments
—
31
;
oper.
\
Kentucky Hotel Inc., Louisville, Ky.—Calls Bonds—
$3,162,528
$2,220,615
$825,574
Consolidated General Balance Sheet, Dec.
Cash
report for the fiscal year ended March 31, 1945, dis¬
closes net income of $481,805, equal to $4.81 per share.
In the pre-?
ceding year net was $522,865, or $5.22 per share before $50,000 contin¬
gency reserve and $4.72 per share after this reserve.
Net in the latest
period was after charging a book loss of $36,651 on sale of property,
while in the preceding year it incuiaed $43,297 lecovery from fidelity
bonds.—V. 160, p. 118.
Ry.
'i
-
989.
p.
redemption on Aug. 1, next* all of its
4%
sinking fund debentures dueV
April 1, 1959, at 104 and • interest. • Payment will be made at the
First National Bank of Chicago, trustee, Chicago, 111.—V. 162, p. 11..;
.
outstanding
have been
■
Indiana Harbor Belt
:
first
Co.
1,
$3,162,528
j
1
income
Appropriations of income—
annual
The
Broad St., <
Consolidation—
will
company
has called
company
$1,400,000
2,787,669
$2,341,297
„
.
Net
31 011 approving a
Aug.
100,000 shares of $10 par value into
proposal to split-up the
shares.
at
2,784,542
$962,065
,
interest to
being made
1882.
Katz Drug Co.—-Calls 4%
$5,950,197
.2,774,607
—
,
..
companies,
due
A,
&
series
34,163
$5,125,839
~
•
1908, of $1,000 each, have
1,
1945,
9,
$1,000
per
Telephone
&
the
Light
The
Association, Inc.—Split-Up—
vote
30,927
43,380
:f
$3,736,672
fixed charges—
Inc. available for
j
The
T'
Miscellaneous deductions from inc.T
750 000
shares of 5%
Home
For
President,
5
stock
the surviving corporation to be
known as Western Light & Power Co., Inc.
"
: The
plan of consolidation provides that the new company will
initially issue $6,200,000 of first mortgage bonds, the proceeds thereof
to be used to redeem $5,000,000 of-Kansas Power Co. first mortgage
$5,984,360
—
redemption
consolidate
4%
income
for
totaling
Western
to
$6,887,064,
,1,100,513
d,993,208
from
capital
of 100,000
consist
Kansas Power Co.—To Vote
of
346,061
$3,452,448
will
mortgage bonds dated April
called
The
—
(net)_—;—L—i
preferred
2788.
p.
the Fidelity-Philadelphia
Philadelphia, Pa.-^-V. 161, p.
359,236
262,463
Net railway operating income——
stock
common
issue
at
384,767
income.—
of
$5,000,000
C.
date
$7,771,653
323,621
319,530
for
Kanawha Bridge & Terminal Co.—Partial Redemption
3,240,000
;
provide
convertible preferred stock.
Jacobs, President, announced that proceeds from sale of the
preferred stock, plus some additional funds from the company's treasury, would be used for complete retirement of its $5,000,000 V-loan.
Wellington
Other
$0.79
$0.76
shares.
1,000,000
proposed preferred
par value cumulative
Rex
W.
$6,652,011
1,731,202
Rents, payable
$329,171
company has notified the SEC of its intention to>call a special
meeting in the near future to vote on a proposed in-
an
$50
,
$5,445,657
taxes—
■.Railway operating
II.
stocks
preferred
on
650,079-
$317,158
been
1943
2,908,542
321,575
354,914
-
—
taxes
insurance
retirement
Federal
Title Guaranty Co.—Earnings Show Gain—
first six months of 1945, according to Henry J. Davenport,
the volume of title business of the company has increased
in this period over the first six months of 1944 by 20%
in number
of transactions, and by 32% in the dollar fees involved.
y:;y:y
The mortgage activities of the company have recovered from the
low point of 1944, the dollar amount of loans closed and sold having
more
than tripled during the first six months of the year as com¬
pared with the same period of 1944, he said.
.
•
» r
Earnings lor tne first six months of 1945 were at the rate of 30
cents per share of $3 par value and represented a 24% increase over
the corresponding period of 1944.—V. 101, p. 1772.
$664,074
334,902
deductions]
$1,314,154
stockholders'
crease
to
for
\ >
$9,415,456 $10,881,223
opers._
profits taxes—
excess
taxes
j
40,903
,
$1,261,609
609,548
100,000 Shares of Preferred Stock—
IT The
$30,882,213 $29,595,900 $21,760,522
21,466,758 18,714,677 13,988,869
revenues—
from
revenue
inc.
Railway
$1,273,250 -
(F. L.) Jacobs Co.—To Increase Capitalization—To Is- I
sue
on
to Navy men through
1944
-Railway operating expenses—
13,014,98o
.
i
47,068
42,599
r
Earnings per share
shares
Years Ended Dec. 31—
Hershey Chocolate Corp.—Secretary Resigns—
S. Crouse has resigned as Secretary of this corporation.
had held this post for 12V2 years.—V. 161, p. 2109.
$1,219,010
income
Nine
'
He
'
—V. 161, p. 2000, 2787.
159, p. 2636.
1203; V.
659,433
886 242
;;y
,:y
The sets are expected to be sold at cost
ship and shore stores.—V. 162, p. 135.
"
V. 160, pp. 2646 and 2295.
134; V. 161, p. 2786;
■'
57T.80i.TV
646 537
'
operations^
from
I 714,521
19[369
;
v
2,734,872-4
■314,942 .-
720426
;
(net LU-r—
interest
Net
the wind cover as
The North America's filing
Department of Banking and
Jersey
New
July .6.
$56,160,733 $39,877,752
—————
—
162, p.
the
by
1944
$6,316,893
■
$652,061
Total
wave
Detrola radio division has been appointed
build
40,000 small radio receivers within the next few months
recreational use by United States Navy men in Pacific waters, F.
Johnson, Vice-President in charge of manufacturing, announced
------
15,280,141
—.
■■
earnings
that
5,000,000'
19,640,999 18,309,102
Premium
'-j ■
is^ue
International-Great Northern RR.—Earnings-
235,148
3,227,070
-——
—.—
stock-:
will
Net
and tidal water cover.
wave
approved
Interntaional Detrola Corp.—Gets Large
46,050
49,913
—290,448
to
The
—•
injuries and damages—.———
for
Reserve
Group
earnings
The
——-————4
credits
Deferred
the
been
and
4,056,202
17,1L>
44,205
._
Net
public demand was an¬
7'
y
depreciation
Other income
of its Kind in this Country— .
What is believed to be the first fire and extended coverage policy of
its kind
ever
issued in this country, was written recently by this
company,
It covers millions of silkworms being cultivated among 130,000 white mulberry trees at Mineral Wells, Texas.—V. 161, pp.
1543
$768,509
$775,191
—
—
;
To
in New Jersey—
Issues First Policy
$56,160,733 $39,877,762
^27,905
—————4,474,272
Other
accruals
——2:
t 86,945
Equipment and other long-term obligations
10,210,478
taxes
Accrued
121,615
of North America, Philadelphia
for
of
utility plant acquisition- adjusts
Taxes, other than Federal income—
Federal income and excess profits taxes
~
Charge in lieu of additional Federal income tax
;
and .excess profits tax——.:—..
$193,101
$185,621
■112,375
$37,992
23,929
subject to $100 deductible, which will apply to
as
—
payable—equipment <
Accounts
Provision
Amort,
:
.
•'■%■■■. 332 245
Balance
Insurance.
.
135,-68
———-————
—
Accounts
100,411
30,532,556
14'9^9'9?9
'
Special funds
3,616,830
5JeoS
I2b,2j3
'???'?]=
102,745
29,844,578
11n'nan
142,230
~
-
242,978
Dividends
has
$3,156,488
4,248,800
599'9^
132,363
(U. S. Treasury
notes)
tax
$4,637,929
•
•
investments
cash
Temporary
225,748
___:
the
well
1943
'
1945
$6,744,838
—
2 921 007
damaging hurricane along the New Jersey coast last year.
The insurance will be offered through an extended coverage endorse¬
of
Dec. 31
Co.-—Earnings—
—
Maintenance
250
new
ment
1944
revenue
damage insurance to owners of private dwellings in New Jersey,, John
A. Diemand, President, stated. .This move, he explained, is an aftermath
equity
associated companies for the
Balance Sheet,
Comparative
.
250
type of insurance cover to meet a
nounced on July 5.
All
fire
companies in the North America
A
t
Condensed
•
.
43,012
' 15,61$
Co.
,
Service
Months Ended May 31—■'? M
12
Operating
161, p. 2661.
Insurance
not reflect corporation s
the
—:
,
Public
Iowa
$983,802
547,473
50
' $29,596
taxes
capital surplus, $156,100; earned surplus, $601,037; capital
treasury (13,500 shares—at cost), jDr$86,389; total, $5,061,562.
159, p. 2636.
Operation
Write Water Dam
.
Assets—
Cash
—V.
114,971
50
40,729
■'
:
__—
income
Net
>304
$5,730,223
~
After
and
;
$1,024,518
612,899
.
1,000
\
v.
operating income
Net
$5,565,222 $5,023,542
refund of $323,000 in 1944, and $133,000 in 1943,
available through debt retirement of $188,000 in
income
Net
2,730
,
T
oper.
i
prop.
641,000,
930,400
110.582
101,000
*2,894,000 *1,447,700
589,000
State income
taxes-—86,135
Federal excess profits tax
y, ■ 2,910,000
income taxes
for Federal
•
of
lease
for
Operating
17,695
90>9™
1,003
90.005
1 If 185 '■'•
6XP6HSCS
Provision
Rent
1,004
$196,025
$200,619
130,244
—V.
$984,802
$1,025,522
200
201,
;
Operating revenues—
Operating expenses
$7,955,449
390,431
—
Operating
*■
33,068
'■
rev—
oper.
stock in
1945—5 Mos—1944
$196,225
$200,820
revenues
Uncollectible
,|:
Lines———4,388,627
Income
Total
'
Operating
$211,000;
Corp.—Earnings—
1945—Month—1944
Period End. May 31—
v.
$4,235,658
75,334
England--—70,882
Greyhound
Teche
Greyhound
of Eastern
income
Lines of New
1942
y
$4,933,856
90,128
05,316,433
116,609
-
interest
Net
1943
1944
'
Indiana Associated Telephone
(Company only)
Statement
Income
Condensed
Calendar Years—
Monday, July 16, 1945
FINANCIAL CHRONICLE
THE COMMERCIAL &
for
with,
the
each
sum
20
of
in
the
shares
—
the 410,800 shares of its common stock
ratio^ of one share of series A preferred
of common stock held. Concurrently there¬
of
$2,054,000
being
value of the
transferred to the capital
the' aggregate par
20,540 shares of series A pref#rred stock, was
account from the surplus account.
y
"
w
returns, etc.,
Sales (less
sold.—
and
gen.
-
goods
of
adm.
Sell.,
expenses
'
'
$19,825,450
15,949,459
1,849,740
2,117,764
2,286,595
760,888
—
period End. May 31—
Operating
Operating
income—...
deductions—'—-
$1,214,272
13,415
taxes—
income
Federal
Fed.
prof,
taxes—.
credit—-—j—
Post-war
revenue
—
—
.
Other
taxes —
Prop.
ret.
which the management* had no control.
'
An immediate rate increase had been'granted the company, however,
$1,785,373
Net
17,377
Other
439,283
'?■-
72,317
142,000
88,645
64,080
136,176
$155,485
$224,487
$2,142,678
274,980
720,847
Gross; income
.040,911
Cr91,052
Int.
250,000
200,000
Int.
$564,809
$498,918
income
Dr38
9,760
Dr HO
*
6,688,741
2,364,478
845,704
1,730,968
.
constr
to
510,000
Cr36
.
♦1,191,401
' $144,647. $1,218,279
,
356,532
162,
137.
p.
$399,546
have
voted
convertible
at
call
to
24*6,526
4*10,800
(cash).
divs,
Common
,
'
cn
..
Balance
Apr. 22, '45 Dec
Assets—
Cash
Marketable
Inventories,
—
——
(net)—„—
assets
fixed
dividend
A
993,721
shares
Sept.
to .holders
15
converted
int-o
other
assets
1
708,180
796,415
——-
—L
Total
$14,163,777 $13,655,503
————
Inabilities**"
payable
income
Accounts
Accrued liabilities
4%%
stock
Earned
surplus
Total
2,054,000
——
5,081,290
:
Jacob France, President,
Report—
April 10, said in part:
on
duplicate
Corp.-^une
Sales tJp 2.19%—
4,844,038
*
*-/
barrels
of
runs
1943.
in
increases
Substantial
compared
barrels
10,852,365
were
made
were
with
10,033,431
the
production
in.
oils, waxes and other petroleum products required for
effort.
During the year the company developed a method of
lubricating
the
war
,
$3,376,885
—————
162,
p.
12.
•
,
,
to
activating cumene and, codimer reactors which was
the industry and is being used by other companies
gasoline, thereby enabling
critical material..
-
producing aviation
'
this
production of
$2,918,749 $15,775,642 $14,379,160
.
available
made
.1945—5 Mos.—1944
1945—Month—1944
Period End. June 30—
Sales
—-V.
and
dehydrating
Up 15.7%—
McLellan Stores Co.—June Sales
-V, 161, p. 2788.
Refinery
in June, 1945, the same number as in
corresponding month last year.—V. 161, p. 2558.
/ r
V
[ii 1 • *•',X ^5
V' * "~
?
«
the
$14,163,777 $13,655,503
Refilling
1945—Month—1944
1945—6 Mos.—1944
$5,414,680 $32,188,695 $30,619,219
$5,533,340
-
The company had 202 stores
2,054,000
———
2662.
p.
Mid-Continent Petroleum Corp.—Annual
;
on
dated
Period End. June 30—
2,054,000
2,054,000
——
—
—
—
and
company
expense,
'McCrory St6res
3,056,282
700,000
——
Stock———————
preferred
Common
conting-
& other
the
and
Sales
69,323
3,562,956
700,000
——_
„
adjust.
wartime
for
Reserve
pfd. stock.
payable on
Dividends
withheld-
tax
$859,631
87,551
$604,693
37,515
—
————
Employees
—
—
161,
the common
Thus all preSept. 5 will
record Sept. 5.
outstanding
of
common
.
735,488
v
order
an
granted
count
—
———
1
shares of 5%
redemption on
for
par,
per "share, plus accrued dividends.
15 cents per share has been declared on
of
payable
ferred
356,532
to preferred stock
——
Pfd. Stock—
outstanding
$10
During 1944 the company completed 62 wells' on leases in which
March 30, 1944, the Federal Power Commission
it owns the entire working interest resulting in 48 oil wells, two gas
permission to dispose of unamortized debt dis¬
wells
and
12" dry
holes.' Total net' production for
the year was
interest and redemption premium asso¬
5,059,225 barrels compared with. 4,559,020 in 19.43.
At the. close of
ciated with the first mortgage gold bonds, 5% series due Dec. 1, 1957,'
thfe year the company owned the royalty or working interest in oil
refunded in April,
1944, by charging income with $750,000 for the
and gas leases on 38,42Q acres of producing properties with 1,328 oil
estimated saving in Federal excess profits taxes arising from the re¬
% wejls and 29 gas wells. ^ It also owned undeveloped oil and gas leases
funding transactions' and to dispose, of the remaining $376,262 over a
on
737,167 acres. The company is carrying on an active exploration
three-year period from date as of which the refunding transactions
campaign to locate structures for future development and has five
are
completed by equal monthly charges to Account 531, amortiza¬
seismograph and three gravity meter crews working in various areas
tion of debt discouirtrand expense.—V. 161, p. 2788.
in Oklahoma, Texas, Louisiana and New Mexico. " Many proven loca¬
^■4■,-77
777; 777
tions are-available and wells are being drilled as rapidly as possible.
♦In
31, '44
$3, 661,421
866,623
690,068
1
Goodwill
Total
1,673,891
3,319,287
2,693,127
;
and notes receivable
Accounts
Total
$4,269,444
1,411,612
in banks————
securities, at cost
hand and
on
.
■
$10.50
stock,
Cr39,863
246,526
Balance Sheet
Consolidated
$80,166
income
Net
Dividends applicable
92,430
the
stock,
preferred
participate-in this dividend.—V.
$329,682
income
—
dividends——
Net
,
Preferred
^k;
.
$756,078
" $861,747
31
Aug.
"642,347
430,548
Cr6,389
34.612
int.
charged
to
Micromatic Hone Corp.—To Redeem 5%
The' directors
$2,749,963
$2,152,438
42,500.
37,303
42,500..
mtge., bonds—.
& deducts.-
on
-
$224,442
,$157,242'
—r„_
strengthen the company's position to a poinfc
earn a fair return on capital..
The develop¬
to
able
be
stock.—V.
cumulative
*♦;v'!''
:
expected
will
also to combine with sales development permitted by
the addition of new generating facilities to permit the company to
bring second mortgage sinking fund and debenture interest payments
up- to date next year and to resume interest payments on the income
$2,750,733
1,757
,
revenues(net)—
oper.
'5
is
it
is expected
ment
6,839,481
1,257,496
753,287 $: debenture
1,360,863
466,635
——
this
and
where
505,945
approp.
res,
75,457
Other
contingencies
■
V,
183,080
*
——
369,384
,33,733
535,380
1,819,G36
Cr208,743
$724,967
816,066
Cr87f712
.
$1,758,227 ?
27,146
&c„
for wartime,
Prov.
$1,493,720
'•
78,107
250,000
income
exc.
$1,415,613
$3,154,973
142,820
Total
Other
$3,085,529
69,444
$1,195,677
18,555
profit
Operating
June 30, 1945, .; .■ The company earned approximately 1%% last year on its invested
kwh. for the ; capital.- Income declined because of a rise in operating costs over
decrease of 14.6%.—V. 162, p. 11.
,1945—Month—1944
1945—12 Mos.—1944
$980,023 $13,772,569 $12,961,860
$1,058,827
.
expenses
Federal -taxes
Other
a
Louisiana" Power & Light Co.—Earnings-
$6,932,386 $22,559,840 $18,179,944
4,975,821
17,187,717 14,914,591
refund)
renegot.
and
Cost
corresponding week 'last year,
1942
1943
1944
Apr. 22, '45
totaled
——Years Ended Dec. 31——
Jan. 1. '45 to
output of this company for the week ended
31,406,000 kwh., as compared with 36,769,000
Electric
Statement of Income
Consolidated
249
FINANCIAL CHRONICLE
THE COMMERCIAL &
Number 4403
tVolume 162
,
(
them
to
their
increase
,
Marketing
"
1945—Month—1944
1945—6 Mos.—1944
$2,906,445 $19,025,369 $17,428,273
Period End. June 30—
(SalesT
—V.
3-
161,
*
'
Operating revenues
Operating expenses
Net
—.
—
—
operating revenue
Railway tax accruals.
Equipment rents, net—
Joint
:
—
facility rents, net
>—
American
Admiral
Deductions
income—
from
a
$6,633,008
$772,120
The
America
■
Cash.
$
'7.')■-V
Assets—
Investments
—;
—
——
633,432
—
—
receivable--
accounts
Miscellaneous
supplies—-
Material and
—^—
Interest and dividends receivable
Rents
receivable
Other
current
Deferred
—
1.
12,599
■Total;—.-——--——
113,423
89,325
'840,313
1,518,420
958,526
—
2,975,988
——,————
——60,501,700
Preferred stock
—«.»—>——
4,600
Fr'em. "& assessments on capital stock—
183,706
98,883,086
99,379,466
5,497,235
4,281,216
1,480,023
347,425
8,719,344
1,071,085
671,518
.
Long-term debt
a
Traffic and car-service
payable
payable.
•
Miscellaneous accounts payable—
——
Interest matured unpaid.——„
balances
Audited accounts and wages
accrued
interest
Accrued
626,182
liabilities—
Deferred
liabilities——-———-———
Unadjusted credits
——-————
Corporate surplus ——
—.
1,046,377
39,636,676
20,997,324
34,720,732
*
after
Earns,
transfer
sole
Lerner Stores
>
Corp.-7-June Sales Rose 15.3%—
Los Angeles
'
'
—V. 161. p. .-2557.
"
"
Lines—-EarningsV^
Transit
■
Period End. May
1945—Month—1944
$1,899,073 $1,852,371
1,311,108
1,133,617
166,855
160,195
31—
Operating revenue
Operating expenses
—-
Depreciation
-
'
Net
oper.
Taxes
,
1945—5 Mos.—1944
$8,895,857
6,440,876
5,502,371
816,329
$558,559
$1,860,932
311,725
1,246,726
$614,206
$246,834
~
98
53
8,435
$246,887
$622,641
Marine
Corp., the parent
Midland
166,276
income
funded debt
Interest
on
Miscell,
debits
,
v
_—
,
$455,026
,
'
5
.
companies.
—V.
income *
:
— —
were
-
1,339
■
161, p. 2448.
$100,946
v-
y.r,'-V
Louisville Gas & Electric Co. (Ky.);—Weekly
$816,537
' :"V
' 'V
Output—
the week ended July 7, 1945,
with 31,445,000 kwh. for the
corresponding week last year, a decrease of 7.4%.
:
,
Electric
totaled
output
29,112,000
of the company for
kwh.,-as compared
-
-
Income Account for Calendar Years
•
Cost
sales
of
1943
1944
"
due at the rate of
6,106,173
6,234,376
from sales $13,532,892 $13,512,340 $12,490,577
Other inc. credits (net)
1,143,435
1,306,384
1,261,872
$9,587,763
*5,853,300
Sell., gen. & adm. exps.
Net
Prov.
income
for
2,099,089
2,089,630
2,429,067
„1,064,209
665,745
852,100
depreciation.
and: State Inc.
1,717,265
income
4,047,811
Shs,
$6,112,158
2,602,584
2,602,578
2,141,483
$3,964,034
$3,509,580
$2,724,554
1,857,912
1,857,912
1,857,912
1,857,912
$3.74
$3.53
$3.29
$2.62
share——
per
reserves
.
Balance
Sheet, Dec.
Refined
accounts
and
Materials
crude
and
5,230.463
4,448,170
4,528,736
—
oils—
supplies
"9,243,426
1,831,979
" 183,674
2,888,716
249,840
—
,
—t—
——
—-
payable
8,653,717
$82,202,369. $79,497,977
$4,648,385
—
Accrued^ taxes,
.3,281,951
—
credit, items
*
;
—
Minority interests
Capital, stock ($10 par)——
Surplus from operations
-
—r
Capital
—
surplus
Total
—
_—
1,340,660
10,400
28,579,120
———
—
-
$4,314,350
4,524,338
1,485,634
11,185
....
37,276,838
J7,065,015
18,579,120
32,672.256
17,911,094
$82,202,369 $79,497,977
—
■?Under leaseholds and
intangibles, after reserve for depreciation and
tAnd casingafter depreciation
depletion of $33,262,463 in 1944 and $32,450,359 in 1943.
gasoline
of $27,869,660
pipelines,
plants,
storage
tanks, etc.,
in 1944 and $29,206,616 .in 1943.—V. 161, p. 2222.
Midvale
This
of
Co.—Completes 1944 Renegotiation—
?
a
subsidiary of Baldwin Locomotive Works, has
renegotiation proceedings for 1944 and transferred earnings
company,
completed
$600,000 a year from Oct. 15,1945,
$2,507,450
the .company disclosed on July 8.
equal to $4.18 a share on the 600,000
to. surplus,
were
increased
shares of
1943 was
' /V ■ .'
said current assets at the end *of the
$26,663,891, and liabilities $11,914,293. Net, current assets
during the year approximately.,, 11%. to $14,749,598.—(See
V.
1545)—V. 161, p. 2662.
The
earnings are
capital stock.
The
balance
$2,475,943.
Francis Bradley, President,
improvements.—V. 161, p. 1884.
year
Co., Ltd.—Profits Off—
Earnings far 1944. were insufficient to
sinking fund requirements on the second
mortgage bonds had been paid off last year.
20,266,677
6,911,000
reserve™
.
less
Liabilities—;•
Accounts
;■
Arrears on the second
21,315,837
—
receivable,
Deferred, debit items
Total
1943
T
-—
Treasury bills—--——
and
31
1944
(———$19,821,487 $18,877,103
17,573,670
17,380,407
1,229,054
(costs)—
1,066,390
Cash
Notes
$4,866,037
$6,566,618
outsdg—
stk.
com.
Investments
S.
Ml.
$4,339,450
tRefineries
U.
I|
2,602,588
stock
Assets—
♦Oil
927,522
1,407,349
ML.
I.,
$6,942,038
—
common
on
Surplus
of 3V4% bonds, which
permit the. company to meet
mortgage bonds for 1945 or
to.make, any interest payment.on the 6% cumulative income deben¬
turesstockholders, were told at the annual meeting on June 29.
1,151,899
3,207,223
1,443,921
,2,353,726
__2_
tax
L.
Net
2,223,108
991,420
and
aband.
surrendered, etc.
Divs.
827,674
$14,676,328 $14,818,724 $13,752,448 $10,415,436
:
Depletion reserve
Leasehold
Fed.
5,949,420
profit
Total
April 15^ 1955.-'
The additional $2,000,000 received from the sale of the
new bonds was set aside for general corporate purposes,
Mexican Light & Power
1941
1942
"
$61,232,538 $56,809,225 $48,679,427 $44,472,183
41,846,346
37,347,465
30,082,677
28,650,044
sales
Gross
At the same time the company
including a program of
Net
is
Consolidated
to
Gross
taxes
equivalent to over $2.18 per share of outstanding stock. The
represents taxes collected on the sale of products, etc.
the year the company arrived at a settlement with the
U. S. Treasury Department of its
income taxes for the years 1929
through 1935, resulting in a refund to the company of taxes and
interest in the amount of $320,631.
For the information of stock¬
holders, the dividends paid by the company in the - year 1935 were
determined 'to be taxable.
'
company
Corp.LlSells Bonds Privately—The corporation
$8,000,000 3Mr% 15-year first mtge. bonds to four
insurance
213,972
$206,525
'.
paid off the. outstanding $6,000,000
$1,030,509
40,362
.2662.'
has sold
3,179
$.126,248
25,302
Non-operating income-
p.
Mead
$1,027,330
.
by
1
.
balance
head
1,553,281
$126,150
Operating income
'£
$2,580,611
294,950
■:;
received
dividend of 30" cents per share on
$2 cumuli preferred stock, no par
value.
Payable July 16 to holders of record July 9. A- like amount.
was paid on Jan,
15 and April 16,. last. Arrearages after payment
of
the current dividend will amount to $2.85 -per share.—V.
160,
802,875
-V
and
trust companies, plus its
The. directors .have declared a
account of 'accumulations on the
V
$9,118,138
i
adjusted to" minority interest as
Massachusetts Power & Light Associates-WVccrued Div
•
■■■ ..7
$421,110
revenue—
—
♦
year
Deferred
1945—Month—1944 •
1&45—5 Mos.—1944
$7,518,175 $38,064,303 $34,005,744
$8,669,281
;
_
.
during the first six months of 1945 from its constituent banks
other income, less its expenses and taxes
fofc the period,.was $742,836, or slightly over 13.cents a sharp.
This
compares with $493,930 for the same period of 1944.—V. 161, p. 2662.
and
•
Period End. June 30--
.
The above earnings' are
Taxes
only,
-
Bales
banks, trust companies and other affiliates)
.1945—3 Mo,s.—1944 ;
1945—6 Mos.—1944
*
■"
1
all charges
$1,058,286
$1,102,982 $2,108,655 -$2,134,832
per com. share$0.19
$0.19
$0:37
,
$0.36
Dividends
common stock, effective July 2, 1945,
Stockton, Calif., was terminated,—V. 161;
for the
agent
the
represents
constituent
Notes—(1)
-
•
paid and accrued by the company and its subsidiaries
aggregated $12,018,247.
Of this amount,
$4,062,529
paid directly by the company and its subsidiaries
taxes
Consolidated
reported "to the New York-Stock Exchange,
(2) Contingent provision for taxes amounted to $521,000 and $423,000
for" the" three months, respectively, and $1,021,000 and $811,000 for
the- six months, respectively-
of San Francisco, Calif., has been appointed
The American Trust Co.
as
and the transfer, office in
p. 2661. •
plant of
Rayon Co., has been
corporation, according
Period End. June 30-~
■
Inc.—Transfer Agent—
(R. G.) LeTourneau,
rayon -
Consol. net oper. earns.
11.
p.
Corp.—WoonsocketrPlant Sold—
Woonsocket
(Incl.
4,555,183
.
162,
for
an
the year
of
•
Total
Marine Midland Corp.—Earnings—
24,289,525
close
corporation
Woonsocket
596,432
the
good operating condition.'
Earnings
239,599,628 251,352,245
Total
-V.
the
this corporation, formerly known
sold to Synthetic Yarns, Inc.",
a
new
Delaware
to a Fall River, Mass., dis¬
patch.. The sale also gives a lease of the machinery and buildings
of the Lowell (Mass.) throwing piant of TeXtronv Inc.
Output of rayon of the Woonsocket-piant has already been con¬
tracted for with services of the throwing plant available for contract
work, for which Atlantic Rayon Corp. has been .designated as selling
agent.
The Manville-Jenckes and Woonsocket Rayon concerns were
pu/chased fariier in the year by Textron, Inc.—V. 162, p. 12-
10,962,278
;
At
During
-
494,240
i
liability
tax
current
■
4,573,054
490,440
4,048,913
418,867
—
Unmatured rents accrued-*-—-————- '
Other
183,706
1,782,042
..
of the latter company,
the
as
60,501,700
7,800
stock
Unmatured
.
The
LiabilitiesCommon
i
Ford,
Maiiville-Jenckes
239,599,628 251,352,245
—
A.
Harry
Co., of Mount Carmel,
29,016
.
158.502
—*
assets
Unadjusted debits
this
3,070,211
158.501
—
—
of
be
Ferrocart
"Maguire,-President, on July 5 announced the .purchase . by
for cash of all the stock of*Meissner Manufacturing
1114 producers of radios, phonographs and com¬
munications equipment, and its merger into the Maguire organization,
on July- 5.
James T. Watson " and George V. Rockey, former principal
stockholders, will continue to head the management of the Meissner
concern and Mr. Watson has been elected a Vice-President of Maguire
Industries, Inc.—V. -161, p. 209.
«—
.
3,662,798
———
assets—.
Corp.
the new division will
the
and -exceeded
Russell
10,071,030
■
were
and
Thordarson Electric Manufacturing Co. of Chicago
Industries, Inc., as a transformer manufacturing divi¬
was announced on July 5 by Mr. Maguire.
L.
G.
Winney, formerly 1st Vice-President and Treasurer of Thordai-son, has been elected a Vice-President of Maguire Industries and
will be ..General" Manager „of the division.
490,461
8,260,753
3,104,575
Corp.,
Maguire
into
sion
4,362,275
2,469
-5,012,842
—
from agents and conductors
Net balance receiv.
of
others.
Merger of
10,000,000
receivable—1——
bills
and
Products
and
$
8,025,000
——.—
cash investments—
Special deposits
Loans
*■?.*;
companies
The
Micro
Micro-Feirocart Products division of Maguire industries,
.
1943
589,077
Cash in transit from agents
Temporary
■
the
established
by. over 30%
1944
In
runs
in 1943.
made
founder and President of the two con¬
cerns, as a Vice-President of the Maguire organization and General
Manager of the new division also was announced^
Operations have been moved from Hastings-on-Eudson, N. Y.. to
one
of the Maguire plants at Stamford, Conn., where an
expansion
program which will require an outlay of more than $200,000 is under
way.
This will extend the division's production of parts by powder
metallurgy from the electronic to the mechapical field.
Maguire Industries, Inc., purchased stock of the two companies for
cash some months-ago from Mr. Ford/** the Charles Fj> Burgess estate
Election
202,451,236 205,000,181
9,966,649
9,394,271
—:—
——»———
■
_
and
*
all-time record of 14,922,189
the runs of 11,445,349 barrels
the pipeline system consistedof 1,323 miles of lines.
Shipments by tank car and truck in 1944
were equivalent to 60,893 cars
and deliveries of gasoline and distillate
to the Great Lakes Pipe Line Co. aggregated 106,651,663 gallons.
Total mileage of the
company's fleet of 2,106 tank cars was in
excess of 126,000,000 miles, an average
of over 163 miles per car per
day.
Notwithstanding the hard and continuous service of its tank
cars over
the past three years, the company is maintaining them in
barrels
two* powder metallurgy companies into a new divi- •
Inc., was announced on July 2 by Russell
Inc.
.
.■ •
of
President.
Maguire,
kqpwn. a^ the
$6,373,607
1944
merger
Pipeline
of Maguire Industries,
siqn
Sheet, Dec. 31
General Balance
;
Pespite the continuance of rationing, bulk and service station sales
the company showed an increase in 1944, and unit gallonage of the
stations was up for the year.-.
-•**
.
v,
•
As production of 'gasoline and kerosene for civilian use was sacri¬
ficed to increase the output of more essential materials, the volume
of
sales
decreased from 510,429,045 gallons
in 1943
to 493,055,437
gallons in 1944 but the total sales value of the products increased
approximately 8%.
Transportation
of
•*
$8,682,934 $14,369,252 $14,152,119
7,910,815
7,736,243
7,778,513
I
Net Income
'
Maguire Industries, Inc.—Expansion—
$7,828,292 $13,477,689, $13,lf7,576
854,643
891,563
1,034,544
-
———
162, p. 11.
1942
1943
$26,592,005 $29,863,575 $27,969,535'
13,486,227 11,673,180 10,253,527
5,228,664r
4,678,330
4,566,192
48,822 r^. 34,376
32,240
—
Total income
V.
Ended Dec. 31
$97,465,274 $91,024,875 $78,171,307
70,873,269 61,161,300 50,201,772
railway operating income--
Net
Other income
direct radiotelegraph service between the United
Czechoslovakia by this company, operating subsidiary of
Cable & Radio Corp., was announced on July 9 by
Luke
McNamee,
President
of
the Mackay
company.—'
and
States
Lehigh Valley BR.—Annual/Report—
1944
<
reopening of
The
'
the
Condensed Income Statement, Years
Service Re¬
opened—
$3,157,201
-
2661.
p.
Mackay Radio & Telegraph Co.—Another
Inc.—June Sales Increased 9.2%—
Lane Bryant
161, -p.
Miller Mfg. Co.;
;
Joseph W. McDougal,
pany
has
acquired
transferred
Detroit,
to
surplus
in
.
Mich.—Expansion—
President, on July 9 announced that this com¬
approximately
87%
of
the
outstanding
capital
THE COMMERCIAL & FINANCIAL
250
stock
the
of
Steel Casting Co.,
Monroe
proceeds of a $1,000,000 New York
Mr. McDougal will be President of
Carl
F.
Clarke.—V.
161, p. 2558.
the
Monroe, Mich., for cash with
bank loan.
succeeding
the new subsidiary,
Co.—To Expand Facilities
Donald D. Davis, President, on July 11 announced the completion
and approval of plans for expenditures to exceed $6,000,000 for the
Minnesota & Ontario Paper
expansion of the facilities of the company in
and Ontario, made possible by the financial readjustments
and
modernization
Minnesota
of
headed by Kidder, Peabody & Co. on July 12
offered $7,500,000 1st mortgage bonds 3% series due
July 1, 1975 at 101.95 and interest.
The issue was awarded July 10 on a bid of 101.26.
The other bids submitted for this issue were: Blyth & Co.,
rapidly as
as
Government approval
—V.
162,
and
equipment, material and
has been obtained on all
labor permit.
of the major projects.
group
3i/8% coupon.—V. 162, p. 138.
a
Operating revenues
Operating expenses
taxes
Net
148,393
61,000
&
int.
10,028
$1,543,558
4,367
$2,354,115
$1,547,925
62,500
537,500
368,702
Operating
Net
Net
taxes
$379,651
$2,196,442
311,763
247,539
1,542,728
1,296,289
(G. C.) Murphy Co,—June Sales Up 15.6%—
1945—Month—1944
1945—6 Mos.—1944
Sales
$8,281,911
$7,161,364 $43,975,028 $39,018,820
There were 208 stores in operation in June, 1945, as compared with
Period End. June 30—
Cr2,800
Cr37
207
earlier.—V. 161, p. 2559.
year
a
Mutual Life Insurance Co. of N.
tion Provisions in Life Insurance
Avia¬
Y.—Liberalizes
Policies—
the period-.-
$570,924
$1,183,857
$61,981
$42,181
_
—
$1,450,713
266,856
$173,946
396,978
announced on June 29.
lift many former
the face amount
of
the policy,
for practically all kinds of passenger flying, except
certain types of military and naval flying.
In the case of pilots,
or individuals who do an unusual amount of
non-scheduled passenger
flying, an appropriate extra premium will be charged, but full cover¬
the
Under
Operating income
operating
Railway
Net
expense--—.—--
101,381,633 103,657,770
4,622,753
5,1-25,282
47,500,000 49,000,000
2,336,369
2,209,529
2,548,119
2,389,243
44,374,390
10,065,341
Fed.
excess
taxes—
act
retirement
Federal
58,861,474
9,552,172
34,574,379
49,309,302
2,817,718
2,340,893
37,782,657
profits taxes—
unemployment ins. act taxes
&
44,933,715
10,359,336
34,309,050
operations
ry.
taxes
inc.
Fed.
77,313,744
3,473,608
from
rev.
Railway
$
236,563,909 227,793,238 178,424,499
135,182,277 124,135,469 101,110,755
-
-
1942
1943
1944
31—
Years Ended Dec.
Report-
51,650,195
provision,
the company
will
allow complete coverage for
new
will
and
restrictions
Missouri Pacific RR.—Annual
Douglas, President,
Lewis W.
future,
161, p. 2558.
be granted.
•
.
.
pointed out that, although nearly all policies issued
by
The Mutual Life
since Dec. 21,
1941, contained an aviation
clause
embodying limitation of
the company's liability, all claims
under such policies will be administered under the new rules.
This
extends the
more
liberal terms to all outstanding policies.—V. 162,
age
can
20,855,850
3,407,756
11,320,000
1,862,308
1,862,207
13.
p.
Co.—To Redeem Pfd.
Nashua Manufacturing
Net
income
operating
Railway
Rents
(net)
payable
railway operating income
Other
income
inc.
273,510
_
19,824,911
20,659,353
....
from
deductions
Miscellaneous
Fixed
37,392,097
141,329
income
Total
charges
144.676
Balance Sheet,
General
30,649,668
16,591,414
17,684,236
income
31
Dec.
is
it
company,
34,620 shares of
its
Assets—.
-
-
-
.
Cash
—~
S.
U.
investments
cash
Temporary
Treasury
savings notes
—
——-—...-100
1,315,274
958,983
1,838,132
2,052,361
Notes receivable
*
—
-
—
Traffic and car service balances (Dr)
Net balance recelv.
from agents & conductors
Miscellaneous accounts receivable
and
Material
Interest and dividends
Rents
receivable
Other
current
receivable—————
.u
,
—.
assets
Total
12,234,729
574,698
190,963
919,949
2,546,164
-
.
2,096,632
^Preferred stock
v
71,800,100
($100 par)—
4 402,610,974
::
and
accounts
payable
wages
accounts
^Miscellaneous
82,839,500
—
Long term debt
Audited
9,528,947
637,085
2,312,705
206,462
.
payable-.*———
Interest matured unpaid
Dividends
matured
unpaid
—————
Unmatured interest accrued
Unmatured rents
tax
Accrued
Other
^
61,107,558
1,357,076
.
____
—
165,520,981
88,029,853
Unadjusted credits
Earned
Total
—V.
surplus
19,201
47,639,376
—
deficit
227,857
333,502
376,780
—_
—
liabilities
liabilities
-Unearned
82,839,500
71,800,100
404,843,173
9,924,211
613,458
1,027,835
206,432
212,910
-
accrued
liability
current
Deferred
-
54,633,768
5,749,030
173,604,292
77,726,646
13,564
65,493,631
838,920,759 818,049,767
—
162. p.
Subsidiaries—
^■ '•
■ ■■ **
Operating
revenues
Operating
expenses
Federal
taxes
taxes
Other
—
ret.
Prop.
Montana Power Co.—Earnings—
432,169
approp.
1,444,489
res.
Period Ended May 31—
1945—12 Mos.—1944
1945—Month—1944
revenues
$1,419,635
354,903
483,693
5,107,778
6,151,520
Federal taxes
311,322
460,723
4,765,130
126,309
141,586
1,579,664
5,378,377
1,667,613
125,000
170,375
1,777,887
2,054,999
taxes
—
$1,719,348 $19,671,766 $21,931,603
Net
res.
'
$4,182,709
appropriation
oper.
$502,101
revenues-
Other income
$4,187,419
41,308
(net)—
income
$4,228,727
interest
public
to
(net)——
:
Gross income
Interest
on
on
Other int.
Net
$462,971
$6,441,257
$6,679,094
.19,440
3,336
152,772
:
Net
pany in
subsidiaries
equity
Other
1,967
102,658
$3,154,689
$3,369,558
statement
includes
of the
Production
operations
Glacier
company
Montgomery Ward & Co., Inc.—June Sales Up—
1945—Month—1944
Period End. June 30—
—
$50,002,538 $47,105,124 $263,121,907 $236,411,132
_
/
162, p. 137.
1
.
•
■
full
Aug.
of
the
1945,
for said shares
45
class
redemption
1,
Milk Street,
of
A stock may at any time obtain payment of
($100 per share), plus accrued dividends
presentation and surrender of the certificates
price
upon
class A stock
Boston,
Mass.
at The First National Bank of
See also V.
162,
p.
137.
Boston,
by
the
preferred
second
stock
preferred
which reduces the debt
eliminates the requirement for
program
a
of
13
it
years,
achieved
by
was
the
announced
retirement
in
outstanding
indenture
ments
of
indenture.
cation
of
fund
the
per
3%
the
bonds
requires sinking fund pay¬
in February, 1950. Appli¬
just purchased covers the sinking
commencing
year,
$10,000,000 of
bonds
requirements up to 1958.
With
debt
covering
$1,250,000
of
purchase
under the terms of the
the
of
completion of this transaction, the total remaining funded
corporation has been reduced to $40,000,000, all of which
the
consists of the 3%
The
first mortgage bonds.
corporation
has
zation being 2,206,492
stock
preferred
no
shares of
issue, Its only capitali¬
stock.—V. 161, p. 2450.
common
National Tea Co., Chicago—Plans Expansion—The
company is reported to be planning to build one of the most
and modern food distribution plants in the country on a
1,000 feet by 890 feet on Chicago's west side.
A one-story warehouse section will have inside loading facilities for
20 freight cars and 50 trucks.
In addition to the grocery distribution
warehouse, the company plans an air-conditioned fruit and vegetable
complete
tract
distribution center.
There will be a department for pre-cuttlng and
packaging fresh meat, poultry and fish.
'
All of which the company's Chicago manufacturing operations will
be included in the new site.
These include baking, manufacture of
salad dressing, peanut butter, preserves, jellies, pickle packing, pack¬
aging of dried fruits and vegetables, spices, extracts, coffee roasting
and other processing and packaging operations.
In
V.
addition
will
there
Rasmussen,
be
of
a
market
super
would
President,
the plant because
give
and
cafeteria.
a
Robert
estimate as to the cost of
determining post-war material
no
the difficulties in
and labor costs.—V. 162, p. 13.
mechanical
it
reasons
is
not
always
to arrange
companies in exact alphabetical
However, they are always as near alphabetical
position
a*
possible.
Power Co.—Sale
Representative Lyle
Interstate Commerce
decided at
to
a
Nebraska
Power
$4,579,847
$4,640,076
$942,201
$898,417
applicable
respective periods,
the
to
$942,201
$4,640,076
102
890
$492,303
1,075
1,383
4,797
$856,773
tax.....
4,700
'.4
-
$4,352,892
$4,299,175
!• ~Y,oo6
$4,726,810
: , 349,218
,
5,760
18,940
$4,640,966
319,559
3,010
' 19,222
.
79,350
83
deductions
:
$851,990
$817,108
'
i
,
1,070
~
>
41,599
26,300
$4,310,223
$4,272,875
Int.
—
—.
income
income
890
$150,507
72,721
1,075
V.'* 4,977
$150,145
3,000
$1,173,367
$980,252
102
$68,734
...
taxes
other
&
from
Federal
$150,043
464
income
taxes
ealss
income
;
*
~
146,963
19,222
$1,320,330
349,218
5,760
;
18,940
4,700
26,300
41,599
$59,832
$613,051
cash
in
•
319,559
3,010 "
1,383
4,797
deducts.
1,070
83
tax-
—_
of
posits),
the
of
Omaha,
in
of
controversy
week
the
ago..:
Gas
1945—6 Mos.—1944
1945—Month—1944
2559.
$3,020,744 $17,348,520 $16,359,743
<
Electric Association—-Output-^ ' "
ended
July 6, the Association reports electric output
is an increase of $566,864 kwh., or 6.82%
production of 8,317,573 kwh. for the corresponding week a year
kwh.
8,884,437
This
.
output is reported at 89,844,000 cubic feet, a decrease of
cubic feet, or 1.54% below production of 91,251,000 cubic
1,407,000
feet in the
corresponding week a year ago.
June Electric and Gas Output Exceeds a Year Ago—
30,
1945, the Association reports electric
54,247,471 kwh.
This is an
production of 54,081,182
of
above
month
a
000
year
ft.,
cu.
increase of 166,289 kwh., or
kwh. for the corresponding
ago.
ft., an increase of 19,422,of 450,048,000 cu. ft. in the
162, p. 138.
is reported as 469,470,000 cu.
production
above
4.32 %
or
corresponding month
ago.—V,
year
a
Association—Output Off 1.81 %—
New England Power
Association
territory
the
for
reports
number
July
ended
week
of kilowatt-hours
1945,
7,
as
available for its
44,892,428, compared
with 45,721,171
for the week ended July 8. 1944, a decrease of 1.81% .
Comparable figure for the week ended June 30, 1945, was 60,642,062,
an increase of 2.66%
over the corresponding week last year.—V. 162,
p.
13.
Co.—To Pay $2 Dividend—
New Niquero Sugar
The
directors
have
declared
a
dividend
of
$2
per
share
on
the
$100, payable July 28 to holders of record July 20.
with $2.50 per share paid on July 28, last year, which
the first payment made since July 31, 1925, when $2 per share
paid.—V. 161, p. 11.
'
cojnmon stock,
This compares
par
Service Inc.—Earnings—^
New Orleans Public
Period Ended May 31—
Operating revenues.
Operating expenses, ex¬
Other
1945—Month—1944
$2,500,804
1,135,410
13,960,485
4,529,760
13,434,961
447,607
264,753
h 254,526
3,162,334
3,072,348
1,229,911
taxes
taxes
294,500
1,297,000
,3,534,000
$257,883
$284,004
$3,724,857
$257,883
$284,004
mortgage bonds
89,146
149,803
Other int. & deductions
25,491
24,975
Chg, in lieu of inc. taxes
Prop, retire,
'
1945—12 Mos.—1944
$2,416,047 $30,208,436 $29,286,914
453,757
cluding direct taxes..
Federal
Net
294,500
res. approp.
Sheet, March 31,
1945
Public
stock
Service
(5,456,117 .'shares,
no
$98,456,795;
account—
called for
special de¬
account, including
par),
Int.
revenues...
oper.
income
Gross
banks,
Liabilities—Capital
redemption,
both
Dawson,
sides
the
<
5,544,261
.
3,534~000
—
accounts payable, $29,346;
Tennessee
John
of
$3,187,584
i.
$903,743
$981,142
79,350
securities—subsidiaries—consolidated, $117,666,on
demand,
$716,853; special cash deposits,
$365,060; temporary cash investments—U. S. Treasury bills, $499,609;
dividends receivable—subsidiaries—consolidated,
$150,043; other cur¬
rent
assets,
$750;
deferred
charges—liquidation account—Memphis
Power &. Light Co., $2,232; reacquired capital stock. (17 shares, com¬
mon stock), $307;
total, $119,401,070.'
217;
sale
the
over
New England Gas &
Other
Net
Co.
Period End. June 30—
Net
was
1945—12 Mos.—1944
1945—3 Mos.—1944
$150,043
_
Expenses, excl. taxes-Other
of Income (Company Only)
subssidi-
(consolidated)-
Total
Inc.
and
opposite
on
prejudgment of the case.—V. 162, p, 13.
The
$820,108
income
contenders
146,963
$898,881
v.
72,721
Period End. March 31—
Other
Ritchie
utility, had been invited to
Mr. Boren emphasized that the sub-committee was attempting
—V. 161,-p.
$4,579,847
464
$898,417
4,977
from
Be Investigated—
investigate sale of the Nebrask Power Co.
Committee,
For the month ended June
.
income
session to
William
apparently
to
H. Boren of Oklahoma, Chairman of a House
sub-committee, on July 10 said that it had been
Electric
that
said
Neb.,
closed
Omaha
the
He
0.31%
.
'' '
Moore Drop Forging Co.'—Prepayment Privilege—
Holders
5,287,873
Assets—Investment
1945—5 Mos.—1944
7
serial notes amounting to
$10,000,000 of its 3 % first mort¬
gage bonds, which have been delivered to the trustee under the in¬
denture for application to sinking fund requirements.
The serial notes,
which bore interest ranging from 2Va to 2%%,
and which would have matured at the
rate of $1,500,000 per year
in
1946, 1947 and 1948, were called for payment on June 30, 1945,
was
169,368
—
corporation's
and
output
,
Balance, surplus
8,642
957,534
completed
$14,500,opo and
for a period
payments
the
of
$4,500,000
4,388
—
& other
Federal
aries
$4,327,092
of
7%
Light Co.—
taxes
Income
957,534
$4,380,366 $18,188,126 $18,043,107
942
Balance
the
advance
$4,343,301 $18,027,890 $17,944:728
37,065
160,236
98,379
548
Balance
529,495
for periods prior to Dec. 14, 1944,
and its former wholly-owned
Co,,^and includes for period prior to
Jan. 1, 1944, consolidated operations of the company and its former
wholly-owned subsidiary, Great Falls Townsite Co.—V. 161, p. 2662.
to
20,393
13,276
5,751
$9,872,108
taxes -
1,837,848
$4,112,223
of
2112.
p.
July 10 by E. T. Weir, Chairman.
$14,500,000 debt reduction was
$4,337,550 $18,014,'614 $17,924,335
$9,859,320
5,217,277
above)-
(as
income
Federal
529,495
—
Note—Above
Sales
fund
has
by
company
testify.
$2,264,947
1,321,804
Expenses
44,125
$261,389
161,
The
no
8,170,999
%---—
National Power &
44,125
Balance
—v.
corporation
the
of
Gas output
$6,797,093
preferred stock
shares
10,066
outstanding.—V.
shares
9,441
were
and
6,348j5I
8,328,806
requirements
whether earned or unearned.
Federal
subsidiary,
4,799,885
2,115,419
dividend
*Full
$6,594,029
1,782,943
.,
time after Aug. 1, 1945.
there
Ncisiier Bros., Inc.—June Sales Up 5.5%—
of com¬
income of
equity
$466,307
152,151
$327,036
—
applicable to
consolidated
12,130,188
2,025,443
117,999
deductions
at any
1944,
National Steel Corp.—Reduces Debt—
This
above
and
net
applic, to mi¬
nority interests • —.
4,635
debentures-
income
Dividends
$83,926,552
42,724,003
6,314,909
1,639,570
Portion
$521,541
145,745
bonds
mtge.
&
*'•
♦
$2,203,284
1,304,319
deductions,
other
Comparative Statement
Interest
$100)
par
31,
outstanding
possible
432,169
4,710
(net)
plants'
Int.
Property retire. & deple¬
tion
♦
Dec.
$100)
order.
of
lease
from
Rent
Total
Operating expenses
Other
$22,255,009 $21,548,388 $85,786,488
11,220,085 10,758,748 44,502,820
3,785,276
3,576,281
12,069,382
1,326,239
4,452,594
1,190,281
plant
adjust
acquisition
,,t
^..
utility
of
Amort,
Net
137.
'
(Inc.)—To Redeem Pfd. Stocks—
on
July 5 called all of the Issued and outstanding
stock for redemption on Aug. 15.
The St. Louis Union
Louis,
Mo.,
is authorized to receive the certificates
Nebraska
Other income
Operating
of
For
($100 par)
reserve
1884.
p.
the trust company
As
Corp.—Resignation—
National Power & Light Co. (& Subs.)—Earnings—
Period End. March 31—
1945—3 Mos.—1944
1945 12 Mos. 1944
Other
stock
$172,210;
ity.-—V. 161, p. 2559.
838,920,759 818,049,767'
;v———
Liabilities—
Common
to
17,700
:
174,317
5,083,526
________—
Unadjusted debits
;
13,793,483
—
—
assets—.—
Deferred
'
16,157,899
12,513,357
1,491,193
29,334
supplies
'
89,367,000
2,939,098
95,575,000
4,085,741
,
Special deposits
.
$
■■■
688,714,927 676,325,638
9,395,897
16,578,431,
St.
Co.,
Vice-President and director, is resigning his post
He will continue to serve in a consulting capac¬
J. MacNamara,
M.
deposits),
and to pay the redemption
price, which is $140 per share for the
first preferred
stock and $125 per share for the second preferred
stock, in either case plus accrued dividends to Aug. 15
1945
The full redemption price will be paid upon surrender of the stock
■
Investments
161,
NOTE-—For
because of ill health.
1943
1944
Stock—
reported, plans to redeem on Oct. 1 next at
cumulative first preferred stock. The present
plan, not all details of which are in final form, calls for use of some
of the company's
funds, temporary bank borrowings and the issue
and offer of additional common stock for this purpose.
Each share of first preferred stock is convertible at any time into
l'/2 shares of common stock, but this option expires five days before
the redemption date.—V, 161, p. 570.
The
105
National Distillers Products
Net
„
,
Douglas
Mr.
surplus
preferred
The
improved safety record in passenger flying, and the growth of
aviation, which has made flying a more or less normal risk of life
that no longer calls for special policy restrictions, have enabled this
company to work out extensive liberalization of aviation provisions in
all its outstanding policies, as well as in those to be issued in the
special
directors
The
7%
in
with respect to capital assets, $6,994,908;
from capital surplus), $281,378; capital surplus,
(restricted as to dividends), $12,865,064; total,
National Candy Co.
on
202.001
28,282
stock for
-V.
earned
sinking
2559.
161, p.
(cash
adjustments
or
(appropriated
$119,401,070.—V.
$1,988,857
The
Net Income
losses
$199;
12,150,840
3,365,977
$436,830
operating income
income
—V.
$17,505,674
775.000
26,997
s
31,250
bondsdeducts.
$2,344,087
$151,478
.
$101,676
income
charged to constr.
Int.
$150,936
542
$100,445
1,231
—
mtge.
on
Other
59,347
:
approp.
revenues-
oper.
Gross
Int.
449,763
income
Other
$818,948
__
res.
Operating expenses
1945—12 Mos.—1944
$785,301 $10,873,945 $10,285,152
411,752
5,763,295
5,823,465
103,347
1,328,014
1,296,358
58,266
706,549
756,771
61,000
732,000
865,000
1945—Month—1944
—
:
taxes
ret.
Light Co.—Earnings—
&
Mississippi Power
$3,499,807 $19,256,165
2,496,721
12,643,728
623,435
4,415,995
$3,883,670
2,583,079
863,761
revenues—
dividends
accumulated
for
'reserve
(par
Period End. May 31—•
Prop.
rev.
12.
p.
Other
1944 m
1945—Month—1944
1945—5 Mos.
$3,889,892 $3,503,117 $19,289,640 $17,531,166
3,310
33,475
25,492
6,222
Period End. May 31—
Operating revenues
Uncollectible oper.
Monday, July 16, 1945
Trust
Mountain States Tel. & Tel. Co.—Earnings—
Operating
Federal
Co., Inc., 102 Vq
Inc. 100.569 for 3s, and Halsey, Stuart &
for
28, 1945.
produc¬
improvement in present products will go
products
new
forward
bank¬
Mountain States Power Co.—Bonds Offered—A
ing
approved by the stockholders at their annual meeting May
Mr. Davis stated the contemplated facilities program for the
tion
CHRONICLE
on
(net)....
income
—
income
.....
Dividends applicable
Balance
...
1,511,236
228,773
:
Int. charged to construe.
Net
—
$3,724,857
$143,246
to pfd.
-
$109,226
stock for period..
—
—
$1,984,848
including premium
$185,809; $6 preferred
long-term debt
interest
(cash in
$327,826;
and
stock
retirement
above.—V.
Cr28,23 7
$1*580,819
544,586
$1,036,233
New York Central RR.—Plans New Terminal& Ohio RR.
20,19
369,541
-V. 161, p. 2560.
see Baltimore
■
$3,721,534
1,811,635
>/ 357,317
$1,615,307
accrued taxes, $80,536; liquidation
Co.,
$3,701,34
162, p; 13.
Number 4403
162
Volume
New Orleans Texas &
:*>
;
1944
>
1943
1942
'v,
$47,752,224 $43,564,237 $31,313,786
25,044,025 20,936,845 16,277,014
'
Railway operating revenues
Railway operating expenses
Federal
Federal
Federal
$6,591,588
307,743
income——————
Other
income
-
—
$5,382,674
30,346
Misc.
deductions from
Fixed
2,792,489
—V. 161, p.
income——
$977,934
453,164
$1,061,734
$641,882
___
cases,
..
& Trust
Co., New York.
income
2,816,512
:•
1
Purpose—Net proceeds ($14,189,000) will be applied to
on or about Aug. 16, 1945, at $108 per share and
corporation on July 6 announced
oil wells
in
Montague County, Texas, one of which is
C. L. Lloyd, Chairman of the board,
that this makes 17 oil wells and two gas wells in which the
general
Investments
:
Cash
—
to
1950
accounts
assets
current
assets
Deferred
—_
-
—
.
—
—.
agent,
793,700
2,565,917
1,981,417 ;
80,114
2,176,907
Period End. May 31—
Uncollectible oper.
rev._
Operating revenues
Operating expenses
Operating taxes
$104,974
62,550
25,048
debt'-
$14,832,900 $14,832,900
/
—
788,442
2,632,405
229,253
Accrued
liability—
liabilities
tax
current
Other
liabilities
Deferred
Total
—V.
—
-
-
—
_
—
—
Uncollectible
11,128,390
8,040
1,970,052
4,009,025
•'
^
Uncollectible
"s' ' '
1
'
25,071
rev.
oper.
K'
1,940,986
—V.
taxes
161,
—V.
161,
General
S
2,684,660
' 2,685,923
13,510,369
State
income
11,623,783
11,079,733
above company for the construction of three re¬
vessels for the United Fruit Steamship Co.. a sub¬
sidiary of United Fruit Co.
The Newport News company submitted
low bid of $4,500,000 for each vessel.—V. 161, p. 2003.
Preferred
—V.
.
161,
J
'
cargo
Niagara Wire Weaving Co.,
profit—
Previous surplus
♦Net
surplus
Ltd.—Annual Report
1944
1943
1942
$158,048
521,144
—
$128,851
$152,924
507,294
498,119
$258,961
469,158
;
$636,145
$679,192
—
I
115,000
dividends
March
Balance,
115,000
$521,145
$564,192
31—
income from Investments
•Includes
$651,044
143,750
$728,119
Balance
Assets—Cash,
ceivable
less
230,000
,
$498,119
$507,294"
and after providing for all ex¬
—•
depreciation and taxes on income.
penses,
Sheet, March 31, 1945
marketable securities, $324,887; accounts re¬
$114,693;
employees' subscriptions to Victory
$376,795;
reserve,
inventories, $247,266; cash value of life insurance, $117,unabsorbed fire insurance deposit, $7,508; investment in whollyowned subsidiary, $215,684; fixed assets
(after reserve for deprecia¬
869;
$170,633;
$583,342),
of
patents, $1;
payable, $28,750;
Liabilities—Dividend
total, $1,578,718,
$105,498; provision for income and excess profits taxes, less
prepayments, $52,161; reserve for returnable containers, $53,818; capi¬
tal stock (115,000 shares no par); $349,249; capital surplus, $425,051;
expenses,
surplus, $564,192;
earned
;V«
-*
.•
,'}* •;
1
output
40,217,000
corresponding week
Electric
totaled
the
kwh„
of
as
(Del.)—Weekly Output—
the week ended July
with 35,616,000 kwh.
last year, an increase
output of this
45,324,000
for
compared
company
kwh.
of 12.9%.
: 1
^
162, p. 139.
a
its
present
fleet
of
planes, this
airplanes to
19
fleet
commercial
of
-
seats by 1947, according to the company's estimates, re¬
on July 6 by the Air Transport Association of America.
The
passenger
ported
airline's
home
operating
is Minneapolis.
base
Croil
Is
Hunter, President and General Manager, said the company
studying several types of four-engine planes and will purchase
C-97 Boeing Stratocruisers, commercial counterpart of the B-29
some
Superfortress.
to-coast
—V.
air
161,
p.
These
trunk
planes
line
will
between
2664.
be
used on Northwest's new coast-'
New York and Seattle and Portland.
.
"
Detroit and Ann Arbor, Mich., and environs.
Gas
133,000
1,789,404
$3,199,483
Drl0,193
$3,435,296
73
12 months ended April 30,
cubic feet) to Michigan Consolidated
approximate percentages of the
company's total sales:
1942, 39%;:1943, 36%; 1944, 28%; and 12
months ended April 30,
1945, 28%,/ The contract under which the
company sells gas to this customer is for a period of 15 years from,
Jan. 1, 1937, and from year to year thereafter until cancelled on 18
months' notice by either party.
'.
$3,435,370
company's
694,905
__
-
834,433
During each of the last three years and the
amounted
Co.
following
the
to
the 12 months ended April 30, 1945, sales in MCF to the
next three largest customers amounted to approximately
10%, and 9%, respectively, of the company's total sales.
16%,
—$2,494,384 .$2,600,937
427,500 " 565,642
dividend
underwriters
stock
common
and
$2,066,884
surplus
dividends
of
'
'
r '
j' w'
v
'
1
announced June. 28 by the Army Ordnance
military small arms ammunition contracts held
Depart¬
by the
Carl
M.
Board
for
requests
of
use
power, for the resumption, of
cialties and brass products.
Boak
Mr.
company
materials
including
production,
recent
release
30
Maynard H. Murch & Co._
940
California^/
940
4,430
Singer,
Deane & Scribner,
940
division
made
—V.
Hallgarten & Co.—
3,500
on
161,
The
Fed.
Fiberglas
Corp.
July
on
announced it was
$15,000,000
City metro¬
fibers' which will replace
plants/ located in Kansas City, Mo., and in Kansas City,
selected because of the availability of a special fuel gas
in the manufacturing process, W. P. Zimmerman, Viceof Owens-Corning Fiberglas Corp., said. . ; ;
The
Kansas
City,
of
Co.
Mo.,
America,
Corp.'s
Aviation
American
—V.
5
with the Defense Plant Corporation for a
expenditure on two factories in the Kansas
two
Aluminum
plant formerly housed a factory of the
and the other facility houses the North
modification center, Mr. Zimmerman said.
161, pp. 1099, 1886 and 2225.
..
Panhandle Eastern Pipe Line Co.
Offered—An
..
underwriting
group
— Preferred Stock
headed by Kidder,
and Merrill Lynch,
Pierce, Fenner & Beane on July 12 offered 140,000 shares
of 4% cumulative preferred stock ($100 par) at $104 per
share and accrued dividend.
Redeemable
at
option
of
company
as
a
whole
or
in part at any
$107.50
a
if redeemed on or before June 30, 1946; at
share if redeemed thereafter and on or before June 30, 1947;
at $107
a
$106.50
a
1950;
June
at
30,
a
share
share
if redeemed
before June 30, 1948;;
thereafter and on or before June 30,
share if redeemed thereafter and on or before June 30,;
$105.50 a share if redeemed thereafter and on or before
1949; at $106
3,989,541
431,155
5,177,105
586,327
3,500,000
3,200,000
365,628
1,006,599
851,649
905,260
1,630,000
4,570,788
3,050,000
5,169,352
'
2,925,000
&
taxes—
$7,211,086
$5,075,253
deducts.
interest
Total
Net Income
337,634
1,006,563
734,634
$5,287,215
660,350
—
$2,077,572
$6,204,523
$4,340,620
$4,626,864
a
1951;
—
at
$105
a
share
If redeemed
thereafter
and on or
/.if'
acquisition
.to date of
.
$2,077,572
Balance
$6,204,523
$4,340,620
74,582
$4,552,282
Sheet, April 30, 1945
'
Assets—Property, plant and equipment, at original cost, $103,808,782
$819,492; investments and funds, $627,984; cash in banks
and
working/funds, $6,340,187;
special
deposits,
$389,456; U. S.
Treasury notes, at cost, $2,210,000;
accounts receivable, $2,637,201;
materials and supplies, $1,187,588; right to post-war refund'of Federal
excess profits
tax, $270,000; cash impounded pursuant to court order,
$20,067,441; deferred charges and prepaid accounts, $582,435; total,
intangibles,
$138,940,566.
Liabilities—Cumulative preferred
stock
mon
Federal
(1,620,000
shares,
no
Stock
(par $100).
par),
$20,250,000;
$13,846,500;./com¬
long-term/debt,'1
$622,740; State, local and miscellaneous
$639,598; Federal income and excess profits
accounts payable,
taxes
accrued,
accrued interest, $442,486; long-term debt
including premium and interest, $91,078; gas
pursuant to court order, $20,845,219; de¬
ferred liabilities, $1,195,814;
reserves for depreciation, depletion and
amortization of property, plant and equipment, $21,161,430; reserves
taxes, accrued,
-called
service
for
for
$5,294,433;
redemption,
impounded
revenue
contingencies, $930,437; reserves for injuries and damages, $220,000;
in aid of construction, $102,204; paid-in surplus, $39,222;
contributions
earned
V.
share if redeemed thereafter and On or
$108
at
1942
1943 V
1944
1,251,619
profits
$38,250,000;
time
-——-Calendar Years$23,791,354 $17,940,334 $18,707,523
$2,415,205
Co.
were
President
750
Earnings
and
income
normal
750
-
6,469,345
1,033,536
321,865
__;
depletion
Negotiating DPC Loan
politan area to manufacture superfine glass
kapok in Navy life jackets.
The
2,365,082
750
Co.,
_///-,—''
Net income of sub. prior
Owens-Corning
reconversion
—//_-//-
&
latter part of
Owens-Illinois Glass Co.—Unit
negotiating
$8,349,400
State, local and miscel¬
laneous Federal taxes
2560.
p.
of
April 30, '45
Operation
Evans
Quail & Co.—
4 Mos. End.
Deprec.,
A.
Inc.
revenues-
Maintenance
940
Dain & Co._z——
4,430
Total oper.
940
Moore, Leonard & Lynch—
Dean Witter & Co,———
by the
permit
the Winchester Repeating Arms
940
Clement
Summary
&
Marks & Co..',
Laurence M.
J. M.
Higginson Corp.______
Marache
Lord
4,430
this year, according to an announcement
July 9 by William T. Birney, director of sales of Winchester,
by the
Granbery,
4,430
.
at
._//
& Co
Hutton
E.
excess
of
940
Pacific Co. of
Lee
military small arms an¬
still heavily engaged in
Winchester carbine trench
machinery and skilled
manpower
its Garand
rifle contract may
of
June
on
"940
4,430
H.
W.
was
the
1,400
Dickson & Co., Inc._
4,430
Walker & Co
Blair & Co., Inc./
G.
mortar cartridges and primers.
shipment of sporting firearms by
S.
Hemphill, Noyes & Co
Langley & Co..
amortization
despite
the
R.
White, Weld & Co
the
that
;
Clark & Co
Eastman, Dillon & Co
materials and displaced man¬
manufacture of flashlights, brass spe¬
emphasized
Co
Wisconsin Co
W.
3,500
2,460
1,400
1,400
Hornblower & Weeks—;—
;
surplus
cancellation,
nouncement
The
E.
——
W. C.
employment of many of those
is expected shortly from the
the War Manpower Commission, on Win¬
and
(Inc.)_
9,340
5,350
5,350
4,430
4,430
Co.
approval
that
Mitchui*, Tully &
9,340
Rhoades &
Loeb,
Hall & Co.
Graham, Parsons & Co.—_
17,250
the
continue
to
Harris,
Baker, Weeks & Harden
& Beane,
ner
an
^
Shares
/17,250
17,250
The First Boston Corp
Co.,
Arms
revealed
Production
delivery,
of
date
the
to
1945,
Merrill Lynch, Pierce, Fen-
>
effort
Boak
1,
140,000 shares of new preferred stock;
Glore, Forgan & Co._
Inc.—Cancellation of Contract—
Repeating
another
In
released,
July
Kidder, Peabody & Co..
x
later.
•
from
Shares
J/
at once will be commercial
shotshells, center fire rifle ammunition and rim fire cartridges. It is
not possible to announce at this time, specific types or shipping dates
of civilian ammunition.
This announcement, it was said, will be made
War
accrued
aggregate
$2,035,294
severally
agreed,
have
below
named
to purchase from the company at $102 per share, plus
not jointly,
and
requirements
Peabody & Co., Glore, Forgan & Co.,
corporation plans to in¬
a total
of 49 with 1,637
Michigan Consolidated Gas Co.,
the natural gas it resells through
customer is
largest
company's
purchases from the company
its distribution systems in
tions contracts," Mr.: Boak continued.
The civilian production being planned
for the week ended June 30, 1945,
compared with 40,800,000 kwh. for the
Northwest Airlines, Inc.—Plans Expansion—
With
The
which
company
as
corresponding week last year, an increase of 11.1%,—V.
crease
7, 1945,
for the
Phillips Petroleum
quantities of gas
owned and controlled by that company in the
of Texas and Oklahoma.
In the year 1944 the company com¬
acreage
pleted a 15-mile pipe line to the point of delivery for the gas to be
produced from a substantial part of this acreage and deliveries com¬
menced during the month of November, 1944.
division of Olin Industries, Inc.,
will result in the lay-off of 1800 employees by July 31, according to
Thomas I. S. Boak, Works Manager.
"Immediate steps have been taken by the company to absorb as
many as possible: of the displaced employees in the resumption of
civilian production," Mr. Boak said.
5
"Charles Newton, Chairman of the New Haven branch of the War
/Production Board, has advised us that Winchester has been granted
permission to use, for commercial production, surplus war materials
which will be on hand as a result of the cancellation of the ammuni¬
Kan.,
Northern States Power Co.
totaled
—
;
all
necessary
Electric
Co.
produced from
128,000
.....
~s
of
The
139.
162, p.
approximately 40% of its gas require¬
60% from others.
During the
approximately
purchases
2790.
p.
termination
July 6 announced details of a re¬
would reduce the company's fixed
charges from $13,605,211 to $10,000,000 a year.
':i//;:////u//?
He
said
the company
planned to call all its outstanding 4J/2%
and
6%
refunding
and
improvement bonds, amounting to about
$100,000,000, on Jan. 1, 1946.
Money for the call would be provided
by sale of a /$75,000,000 issue of 40-year collateral trust bonds and
from
the treasury of the company.
These bonds would be, sold by
competitive bidding.
They/would be secured by a new issue of
refunding and improvement bonds and would have a sinking fund,
financed from earnings of the company, designed to retire the entire
Issue during the life of the bonds..
.
The plan requires the approval of the Interstate Commerce Com¬
Denney, President, on
financing plan
which he said
E.
mission.—V.
and
1943 the company entered into contracts with
the purchase of
substantial
providing for
1945, sales in MCF (thousands of
Cancellation,
war
total, $1,578,718.—V. 160, p. 330.
3'
-
Northern Pacific Ry.—-Plans Refunding—
D.
Moj(,
Company presently produces
ments
1,689,000
__
s
chester's
accounts payable and accrued
a separate unit, a
vicinity of Kansas
$3,189,289
income
Olin Industries,
Loan, $3,383;
tion
City,
the
Ind., to a point in Ohio near
boundary.
Company also operates, as
transmission system located in the general
1,681,273
._
stock
Winchester
1945
Years End. Mar. 31—
Total
the
pipe line extending from Muncie,
a
Indiana-Ohio
During
ment,
Common
the company acquired control of the natural gas pipe line
extending from the then eastern terminus of the company's
to points near Detroit, Mich., and Muncie, Ind., and
same time acquired through purchase from Ohio Fuel Gas Co.
1,226,000
.__
deductions
Balance for
the
to
in
1,299,000
____
accruals
income
Gross
Income
Co.—•
Dock
Missouri,
Kansas,
Oklahoma,
of
States
the
a
Underwriters—The
Dry
is
1,259,000
,
/_
tax
reserve
which
the Illipois-Indiana boundary, was placed in practical
the early part of 1932.
In February, 1942, through
the outstanding securities of Michigan Gas Transmission
to
purchase of
1945
1944
$15,439,592 $14,830,395
6,452,383
5,227,319
504,899
416,156
915,553
914,217
——
surtax
profits tax__
Utility operating
Other income—net
Maritime Commission has announced the award of a
S.
U.
The
frigerated
adjacent
Co.—Earnings—
taxes
and
Delaware
purchase,
the northwestern corner of Ohio into the State
point near Detroit, Mich.
The original system
from such gas fields to a point near Dana, Ind.,
to
extended
which
operation
3,930,440
/
has no
10,000 authorized shares not now
and
$4,110,365
4,139,098
—,
Federal excess
13,367,688
2,130,897
&
140,000 shs.
1,620,000 shs.
Company
distribution companies for resale.
Company's principal
transmission system extends from the Amarillo gas field
Texas Panhandle and from the Hugoton gas field in south¬
through
States
JNTefc income
contract
$4,297,468
May 31—
1945.
6,
gas
Kansas
at
797,065
Gas
July
on
system at Dana
$810,774
revenues
Federal normal
22,395.391 121,364,479 110,354,156
13,575,396 74,240,126 66,504,232
6,134,072 33,613,984 30,482,236
Newport News
Shipbuilding
Awarded Contract—
10,000,000
and
Michigan
2560.
p.
8,250,000
10,000,000
Business—Company
was
incorporated in
Company is engaged in the production,
sale of natural gas, the major part of
and
Indiana
of
1945—5 Mos.—1944
Maintenance
2,295,793
operating income
income
the
in
2664.
Months Ended
12
6,848,395
Operating taxes
12,000,000
gas
system
838,254
p.
authorized
western
$78,424
50,889
$855,602
income
Oklahoma Natural
;
"
$100)
(par
par)___
were
Illinois,
$5,971,063 $32,449,361 $29,442,002
3,496,424
19,116,959
17,150,090
1,663,865
9,034,934
8,181,547
$6,557,268
revenues—
Net operating
1945—5 Mos.—1944
$
to
natural
$5,978,693 $32,491,386 $29,479,545
7,630
42,025
37,543
7,567
rev.
Operation
v'y ^
'
24.673,625
15,140.570
—
Operating expenses
Net
$82,642
53,447
sold
$501,285
283,830
139,031
$9,949
4,533
3,760,680
Retirement
Operating revenues
Net
$525,971
304,233
139,096
.
1945—Month—1944
Net income
3,312,166
9,426,568
22,411,809 121,507,898 110,497,409
16,418
143,419
143,253
24,698,696
stock
(no
1929.
23,
transmission
year
Go.—Earnings—
1945—Month—1944
Ferlod End. May 31—
Operating revenues
oper.
Operating
Operating
-'5
Dec.
58,955
32,110
$6,564,835
Operating expenses
5,534,283
3,080
i
New York Telephone
S-
139.
minor
10,205,646
138. ;
p.
p.
Corp.,
Operating revenues
$114,154,685S115,671,036
———
_
162,
162,
Telephone Co.—Earnings—
Period End. May 31—
4,340
5,534,283
pfd.
shares
present plans for the issuance of the
161, p, 2560.
Operating
—
—
income
Ohio Bell
13,232
14,727,451
1,830,515
6,754,220
Unadjusted credits -—i———————
Excess of book value of secur. of subsid. cos.
at dates of acquisition over cost thereof——
Unearned surplus
—
-i——.
Appropriated surplus —
Earned (deficit). ——
—V.
2,489,110
139,511
141,726
11,814,444
—
operating
Net income
1,045,154
t
506,114
4,340
19,927
12,873,827
412,796
——-——<—
Net
59,690,101
59,782,668
—
<Cr)
Audited accounts and wages payable——
Miscellaneous
accounts
payable.—
Interest matured unpaid
—
Dividends matured unpaid—
Unmatured rents accrued-!
.———
balances
car-service
and
Traffic
1, 1965_____
debs., due June 15, 1953
offered.
1945—5 Mos.—1944
$526,615
$501,904
644
619
$101,014
$17,376
10,412
__
_
Long-term
due May
stock
♦These
0
par)—
($100
stock
cumul.
Common
Co.—Earnings-
1945—Month—1944
$105,103
$101,138
129
124
Operating revenues
_$114,154,685$115,671,036
:/
Liabilities—
Common
2%%,
History
1,465,740
—
Calif.—V.
California St., San Francisco,
409
Ohio Associated Telephone/
61,040
1,415,197
-
-
13,622,000
386,227
88,856
—2,567,015
.——
3%,
10-year 2%%
company has called for redemption on Aug. 15, next, all of
outstanding shares of class AA common stock at $27.50 per share
and accrued dividends amounting
to 43% cents per share, payment
will be made at the Bank of California National Association, transfer
1,603,204
225,716
————
C,
D.
Nov.
$6,250,000
12,000,000
10,000,000
10,000,000
10,000,000
»150,000shs.
1,620,000 shs.
1, 1960
due Jan. 1, 1962__
due
its
800,780
2,079,022
debits ■/_■————-/——
Unadjusted
Total
——
receivable
dividends
and
Interest
•;—
agents and conductors
receivable
supplies-——-
and
Material
Other
—
receivable from
bal.
Miscellaneous
3%,
Series
The
$6,250,000
/'.
B,
4%
17,303,050
770,539
(U. S. Treas. sav. notes)-
cash Invests.
Special
deposits—
Temp,
Net
——
_
Outstanding
//:>;•:—/■
mtge. & first lien bonds, series A
to 2.30%), due serially 1946
Series
Stock—
mon
^
company.
(1.65%
O'Connor, Moffatt & Co.—To Redeem Class AA Com¬
1944
1943
$84,154,786 $82,204,044
2,384,810 11,095,640
the
of
funds
Authorized
First
161, p. 1661.
various interests.—V.
owns
from
Capitalization. Giving Effect to Present Financing
owned and the other 50%.
company
the redemp¬
accrued divi¬
dends, of the 133,215 outstanding shares of 5.60% cumulative preferred
stock requiring $14,387,220.
The balance of the funds required will be
more
said
Sheet, Dec. 81
Consolidated General Balance
Assets—
York Stock Exchange.
the New
preferred stock on
new
419,852
Oil Wells—
that it has just brought in
The
100%
$6,146,031
$2,559,839
$4,054,250
—
—
listing of the
Listing—Company intends to make application for the
Series
Net
Registrar, Chemical
York Trust Co., New York.
Transfer agent, New
10,295
1775.,,
Nu-Enamel Corp.—Opens Two
share, plus
designed to
_
provided
$9,099,273
136,730
charges-——
a
and
1953,
Bank
—
—.
all
tion,
two
Total
share if redeemed thereafter ami
thereafter at $104 a share, plus, in
$104.50
at
30,
$1,051,439
/
..
Gross income
$8,920,952
178,321
$6,899,332
54,099
i
,_«•
$5,152,326
230,348
2,790,984
Income
Net railway, operi
1952;
June
$963,523
. 14,411
operating revenues
(net)
v
Total income deductions
$8,360,575 $11,470,535
3,208,249
2,549,582
operating Income——- $10,109,278
payable (net)—1—
—_
3,517,690
Railway
30,
accrued dividends.
Also redeemable at $104 a
accrued dividends,
through operation of a sinking fund
retire the entire issue by July 1, 1975.
'
:
Other income
Net income
Rents
June
before
or
1944
$5,603,952
4,552,513
—$524,770
Operating revenues
—
Total operating revenue
taxes
inc. and
on
1945
_——_$5,683,831
deductions...
4,720,308
12 Months Ended May 31—
Net
$22,708,199 $22,627,393 $15,036,772
oa2,a/6
odU,726
521,656
excess prof, taxes
11,258,916
13,060,000
2,494,000
unemployment ins. account
358,602
314,916
275,288
retirement account
388,526
341,175
275,293
Net revenue from.ry. opers.—
Railway
251
'
before
Northwestern Electric Co.—Earnings—
Mexico Ry.—Annual Report—
31—
Dec.
Ended
Years
THE COMMERCIAL & FINANCIAL CHRONICLE
C
161,
surplus
p.
since Dec.
(J. C.) Penney Co.,
^
31,
1935, $15,009,404;
Inc.—June Sales Off—
1945—Month—1944
1945—6 Mos.—1944
$41,402,478 $42,281,748 $241,102,260 $230,654,221
Period End. June 30—
Sales—
—V.
162,
total, $138,940,566.
2664.
/
p.
-
-
14. %//■ /•://,/■ /://-y;//./;-/./-
Monday, July 16, 194$
FINANCIAL CHRONICLE
THE COMMERCIAL &
^/V:^7/'Y;/v />^v:.;
'
252
"
31—1945—Month—1944
1945—12 Mos,—1944
Operating revenues /.1«/ $4,151,799
$4,016,082 $51,413,183 $50,390,122
Operating expenses
2 155,633
2,184,746 27,096,869 26,424,386
V Federal taxes
V
591,439
517,849 , 7,371,750
7,340,067
Other
taxes
^ / 138,394 ./136,895 , , 1,660,598 / 1,857,986
_
~
^sen^appropriauonfl
A^sSoS'SS:^
;/
258,333
144,056
Net
revs.—
oner,
bonds
Int. on deb. bonds™—
Other int. & deducts.-;.
Int. charged to constr._
Int. on mtge.
$869,519 $11,185,073 $11,271,356
273,642
3,283,700
3,283,700
106,875
1,282,500
1,282,500
90,690 v 1,233,307
1,121,637
■«
" Cr1,249
Crl2,958
$465,769
$399,561
applicable to preferred stocks
$5,398,524
Dividends
3,837,992
$1,560,532
sinking
$1,830,584
1——
Balance
—
—
2560./
161, p.
'
■
/-/.
■
15.
Transportation order eliminating Pullman
car runs of 450 miles or less to provide sleeping car transportation for
redeployment of troops from Europe to the South Pacific.—V. 162,
recent Office of Defense
the
-
139.
p.
gales
1945—Month—*1944
1945—6 MoS.—1944
$2,911,017 $2,766,583 $16,729,734 $16,542,781
-
in June, 1945, had 130 stores in operation, as com¬
pared with 131 in the same month last year.—V, 161, p. 2664.
The
Subs, of Philadelphia
Co,)
.
910,069
3,970,294
2,059,582
2,018,260
7,954,829
7,862,304
I '
depletion reserves
Amort,
of leaseholds
Amort,
of
;
,173
"
,
,
690
691
791,165
3,046,514
3,316,247
'
subsidiaries
profits taxes
by utility subs, (net)
State income taxes: by
/
Utility SUbS.
utility
Fed.
;
173
803,280
—
Taxes (other than inc.)
Fed." income taxes by
,
2,182
•
"
852,213
1
"
;
4,779,966
:
months after
six
Underwriters—The
Total
v
Consol.
.
2,228,514
*
442,132
7,866,034
.7,765,424
440,505
1,793,465
1,786,486
$2,965,098
$2,894,956
$7,161,378
$7,698,842
Interests
income—
net
Dividends—
736,710
1,473,420
150,000
67,335
150,000
600,000
67,335
269,340
$6 cumulative pref
$5 cumulative pref.
Pfd.
5%
1,473,420
600,000
269,340
395
395
790
790
648,831
519,065
2,984,622
2,854,856
non-curn
Common stock
'"Restated for comparative purposes.-rV. 161,
2791.
p.
electric
!
of
ended
'/'■/
■
-
7,
kwh.,
3,246,000
///' v. 162, p.
output
July
this
for
amounted to
1945,
2.9%
or
company
the
over
its
corresponding
week
•:/;/■
-
/
/
■
77'./
r
Stock In-
—
creased—Rights to Shareholders Not Underwritten—
The
stockholders
authorized
of $1
v.
1944.—
139.
Philadelphia & Reading Coal & Iron Co.
,/
of
on
July
stock
capital
to
9
approved
1,444,086
plan
to
from
a
1,031,490
shares
and authorized the directors to issue
par,
the
412,596
The
company.
funds
and
$9,799,155
The
of
basis
The
the
is
to
shares
tor
filed
company
been
/
each
that
will
the
$4,000,000
will
be
ten
held.
Ralph
to
E; Taggart,
share.
per
staement
with
the
of
bank
used
offering
of
without
tentatively made with
a
412,596
any
group
common
and
to
its
an¬
share¬
underwriting.
Arrangements had
to be headed bv Harriman Rinlev
& Co. Inc. and Drexel & Co. to underwrite the 'offering
consultation
After
with
the
underwriters, and in view
present
satisfactory market conditions, it was mutually aereed
eliminate any underwriting.—V. 162, p. 52.
of
tn
path
The
stockholders
on
tificate, of incorporation
Bass
It
was
July 10 voted to amend the company's
to increase the amount of capital stock
decided
that
the
stock
divided
be
into
3,350,000
which
3,000,000 will be common with a par value of $5
will be cumulative preferred stock/par $100 each.
/
M.
.
Of
the
existing
new
common
$10
100
Stokes & Co..———
100.
1,000
$5 for
one
stock,
1,998,470 shares
will
be
issued
r
to
holders
of
common
shares—will be reserved for future issuance,
More
than
two-thirds
of
the
common
stockholders
voted
also
set Oct.
1, 1945, as the date after which holders of $10 common
shall
rights until they. surrender
stock.—V. 162, p. 14.
,//
have.no
common
Inc.—.
Co.,
.
.,
that
....
stock
.
•
•
for
$5
■-;
;
;
ended
193,605,000
C.
M.
the
to
Co.—<
Coal
.
Fitzgerald & Co
—
Marshall————-
Foster &
&
Gregory & Son, Inc
Hallgarten
Co
&
Park-Shaughnessy &
Patterson.
Copeland
Inc.
dall,
$6,514,968
3,993
118,457
$500,438
$466,449
$6,396,511
196,378
193,562
2,289,179
$6,596,33©
2,431,158
$304,060
•
$470,442
10,702
—
$272,887
$4,107,332
$4,165,17a
amort
&
500
150
500
200
Hill
200
Co.
Hawkins
&
&
Inc.-
Co.,
Co.—
Hirsch & Co
300
—„—
Jenks, Kirkland & Co
Lane,
Johnson/
Inc.
Kalman
100
and
Space
100
___—
&
100
Inc.—
Co.,
Kean, Taylor & Co._
750
—
Thomas Kemp & Co.,
100
A. M. Kidder & Co
100
Loewi & Co....
100
Marx
Co.—
/
from
were
Conway
ing of
on
announced
and
678,421
1,231,427
i $350,915
$4,785,753
$5,396,599
687,500
"653,123
$4,098,253
...
$4/743,47#
share paid Sept. 13, 1943, In
having been made in accord¬
recapitalization.—V. 162, p. 13.
per
Reopens Radiotelegraph
—
on
Lieut.
by
General
Peyton
July 6
Colonel
Thompson
Five
Manager.
July
provinces
H.—V. 162, p.
H. Mitchell;
in Italy were
i]
16,
Coe,
formerly United States Commissioner o|
elected Vice-President in charge of the paten®
Laboratories, Brigadier General David Sarnoff,
was
RCA
the board
of
of America, announced following a
directors.—V.
162, p.
meet*
140.
Railway Express Agency, Inc.—Air Shipments Rise—* i
Air Express Division of Railway Express Agency announced
The
July 9
rise in number of air express shipments handled through*
the same month last year.
A total of
27%
a
the
more
500
100;
domestic
Inc.
78,028
......
of
restriction
under
out
Fressprich & Co
/
Radio Corp, of America—New Patent Vice-President—*
100
Christensen,
•
j
....
recently
still
150
W.
/
'
'
$304,060
Vice-President
Ken¬
country in May over
than, 182.000 shipments
last
handled
were
during the month
the
for
airlines, compared with about 143,000 ; in May. 1944.
i
for the month increased 60% over the same perlot}
Gross
revenue
the
year,
announcement
stated.—V.
162,
140,
p.
—
Railway & Light Securities Co.—Asset Value-—
Pierce & Co., Inc.
Reinholdt & Gardner
—
Rauscher,
toy, Inc.
Schwabacher
Co
&
—_
its
200
Showers
—
Per
$100
preferred
Per
common
—V.
as
of
available
assets
p.
$248.02
316.05
281.84
27.99
23.56
317.12
•
share-.
28.13
.
•
j
/
t
V
2665.
(^
class
31,'45 Jim 30,'4#
$267.00
$267.56
share
each
for
follows;
»•'/'.
'■
'/-V*'
»
'
'
1 (
•
,
v?
V,
1
...
Reeves-Ely Laboratories, Inc.—Has $12,302,307 Orders
& Co, Inc
—
values
bond.....
161,
i
100.
100
Co.——!—:100,
Stern Brothers & Co
:—
300
Stifel, Nicolaus & Co, Inc.— 250
Walter Stokes & Co
1
150
Swiss
American Corp.—
300
Thomas & Company
400
E. W; Thomas & Co.
300!
Townsend, Dabney & Tyson. 100
Tucker, Anthony & Co
.1,000
Wachob-Bender Corp.
200
Weil St Arnold..
100
Welsh, Davis & Co
250
Wheelock & Cummins, Inc.—
150
White, Hattier & Sanford— 200
The White-Phillips Co, Inc. '125
F. S. Yantis & Co, Inc
150
Yarnall & Co
150
market
outstanding securities
Jun 30,'45 May
100
Seasongood & Mayer
Robert
reports
Company
of
Per
—A,1750
—
100
&
inc.
radiotelegraph service to Prague; extension
radiotelegraph service to seven more provinces of Italy, and the lifting
of the
ban on telegraph addresses to Australia and New
Zealand
100
Sills, Minton
Haupt &
Fed.
RCA Communications, Inc,
Pollock & Co., Inc.—
E.
.
/
.....—
of
Re-establishment
I. M. Simon St
Hayden, Stone & Co.
Heller, Bruce & Co.——
$6,622,149
25,819
$511,140
to reduce arrears, such payment
with the provisions of the plan for
Inc. /— -—-———-—
Wm.
100
150
2,863,272
Service to Prague and Italian Provinces—
100
Co
—
200
100
Harrison St Co
2,979,051
the Radio Corp.
—
Hanauer & Co
B.
Hannahs,
246,979
President of
I
1,750
Ballin & Lee__—
Harley, Haydon & Co., Inc.—
J.
1,526,984
262,149
150,
100
Co
Company
1,758,281
1,727,489
2,804,586
of
—
Co
147,655
10,087,743
1,591,199
department
O'Gara >"&
10,533,033
4,026,383
Patents,
&
^
1945—12 Mos.—1944
$27,372,123 $25,663,015
821,359
129,114
150 200
Ohio
corresponding
248,152
150
Otis
kwh./
week last
15.
$2,063,701
/•Exclusive of dividend of $2.50
200
—
Newhard, Cook & Co—
The
the
j
corpo*
134,709
Newburger &
Alfred
/ /
,
341,433
W. H. Newbold's Son & Co
Hano
for
p.
preference/dividends paid..—.
ance
Schoellkopf, Hutton & Pome-
500
300
500
_1,000
Co
Anderson——
&
Ellis
Green,
Co
kwh.
162,
Balance
200
200
100
Riter & Co—
200
The Robinson-Humphrey Co.
250
L. F. Rothschild & Co
—1,750
200
Cleveland Corp
Parsons
Securities
corpora¬
served by this
193,306,000
totaled
1945—Month—1944
Balance
„
150
Merle-Smith
&
Nashville
Output
this
1
1945,
161,060
resulting
Prior
;ioo;
200500
.100
Co.
&
Quail & Co.—
——
The Ranson-Davidson Co.,
750
1,000
i
Dempsey & Co...
The First
Miller
'
companies
30,
$2,276,787
866,296
or
"carry-over" of exc. profIts tax credit—
100
Trust Co
Union
C.
R.
200
100
Co
&
Dain
Dallas
St R.
Mullaney, Ross & Co.i.—
Peters, Writer &
200
Collings & Co., Inc
C.
W.
bv
served
companies
June
;
and
tax
100
100
Corp
Middlebrook
&
Current
backlog of actual orders and future prospects of this
described on July 6 by Laurence D. Ely, Chairman
corporation were
the board.
of
For
several
the
totals
hand
division.
Hudson
the
$3,301,595,
and
Reeves-Ely
follows;
as
American
„Corp.,
business
division,
$2,123,857.
items manufactured by
total volume of $19,868,500.—V. 161, p. 2665.
a
covering
15
or
20
Rhebem Theatres Corp.—Tenders
Trust Co.,
.The Manufacturers
until
3
on
45
July 16,
ir
companies
Sought—
New York,
Beaver St.,
1945,
these
N.
will
Y„
receive bids for the sale to it
mortgage 5% bonds dated July 15, 1937 ($251,600 principal
now
outstanding), to an amount sufficient to exhaust the
amount
of
(EWT)
p.m.
first
of
Crystal
Reeves
Apparatus
Reeves
business on
Transformer
group,
American
$3,907,247;
addition, negotiations are now under way for further Government
In
for
companies of
divided
$12,302,307,
$2,968,608;
Co.,
sum
approximately $22,000, at prices not to exceed par. Notices of
such tenders will be mailed on July 19. Bonds accepted
delivered to the trust company on or before July 31, at
date payment will be made, and will cease to bear interest oq
acceptance of
Statement of Income
Total
revenues—
Total operation ——
oper.
Maintenance
Depreciation
local
State,
Federal
for Fed.
misc.
and
taxes
'221453
287*162
—
1943
1942,
$13,098,583 $11,489,450
4,888,156
4,458,546
3,747,639
818,468
869,110
751,732
1,089,079
1,070,781
1,038,673
31,'45
1944
$3 978,181 $13,440,299
1228 234
to
are
—Years Ended. Dec. 31-——-
Mos. End.
which
be
1945.—V.
15,
July
161, p.
Period End.
1945—Month—1944
May 31—
Uncollectible
to
for
res.
1,322,102
1,422,329
775,000
567,651
744,558
252,340
Operating revenues
Operating expenses
277,592
244,560
operating
Int.
__
(net)
—
income
$1,063,380
$3,966,947
72,155
$4,250,775
2,181,295
$4.355,893,,
283,827
$1,135,536
523,546
Net
Net
$4,266,995
2,234,853
161,602
40,178
expense
acquisition
Other
adjust.™
interest
income
Net income
164,112
162,889
—
_—•
deduct...
is.
,C.
50,000
200,000
200,000
1,513
5.182
14.707
14,897
25,543
67,069
62,793
67,185
$494,755
$1,635,626
$3,016,626
1,945,939
$2,855,797
'
96,737
503,795
484,741
' :
$82,868
$566,892
$488,002
402,499
352,326
$1,882,563
$1,785,948
1.883,054
iv s.*■'«
./
Corp.—Chairman Elected—
Corp.,
Aircraft
:
and
President
Feldman,
Detrola
Rohr
.
54,651
2665.
Russell
July 5.
has
Corp.,
been
Fred
H.
Chairman
elected
Rohr,
of
."/■/■"
■
the
Chairman
President,
board
of
of
the
In¬
board
announced
oa
,
:
of Detroit, Vice President and General Counsel of
Detrola, has been named a Rohr director.
Mr. Rohr and J. E. Rheim,
Vice President of Rohr, recently were elected to the Detrola board.—#
William
v., 162, p.
in
•
58,919
161, p.
the
consolidated tax returns.—
,/////,/:/./■,//,// //,
;
income
operating income
ternational
of
"Resulting from inclusion of
v, 162, p.
.
Rohr Aircraft
:
Amort, of electric plant
General
$569,910
390,305
income
—V.
$4,531,193
2,208,236
Amort, of
and
1,724
$598,291
405,962
99,897
$2,857,521;
__J.
income
long-term debt.
debt discount
on
2,222
$92,432
Operating taxes
con¬
$3,018,848
343
rev
oper.
1,485,210
saving
5 Mos.—1944
$570,253
364
_™
"Prov.
1945
$598,655
Operating revenues
402,952
provision
146.
Rochester Telephone Corp.—Earnings
624,787
———
income taxes
to
stock
new
opposition
../refinancing
200
*
200
Clarke Corp.,—
Securities
Coburn
Co
100
100
100
Carroll & Co.
John B.
Gross
stock on the basis of two shares of the
share of existing $10 stock. The remainder—1,001,530
par
100
Monroe and Co.,^_i_
&
&
Moore, Leonard & Lynch—„
150
1,750
100
Biofen & Co
Total other inc.
of
with
tax saving
Murphey, Favre & Co.
Bernheimer. Co
Bear, Stearns & Co
:
Bingham, Sheldon & Co
Brooke,
Mather
E.
& Co.,—100
cer¬
350*000
Balance
Reduction
Milhous, Martin & McKnight,
50O
100
Baum,
from
shares,
and
of
taxes
Interest
& Co.—100/
Morris
Red-
&
Co.—:.——
&
Leary
Jack
Net
$50,000,000,
to
in
Consolidation
1945, totaled 171,176,000 kwh., as
for
the
corresponding week lastj
0.1%,
/
the operating
of
week
Net
oper.
revenues—
Other inc. deduct, (net)
(,000
V"
Omit'd)
:/
Moran
200
100
—
tingent
Philip Morris & Co., Ltd., Inc.—Common Split-Up—
$45,000,000
Parker
Auchincloss,
Consolidated
proposed
Other
t
Mar.
company
shares
-
Mason,
200
:
.
the
on
operating
Depreciation —
Federal Income taxes..
are as follows:
Inc.
-----
Co
President,
Securities
June 23 covering the sharesfiled with the SEC July 13, the
the
loan
redeem
on
made
be
2>/4%
a
be about $11
legistration
a
amendment
an
nounced
holders
with
treasury,
income bonds.
mortgage 6%
be offered first to present stockholders
ofiering price would
Exchange Commission
In
together
company's
general
stock
four
the
said
of
new
proceeds,
from
the
shares
additional
shares upon such terms as they decide is in the best interest
/
and
.
decrease of 0,2%,—V.
Maintenance
the
100
& Co
Jones
and
Atwili
Co.,
increase
ot-
Balance before special
and
250
———
—
Atkinson,
Robert
subsidiaries for the
116,263,000 kwh., an increase
and
the
Operation
236,819 shs.
underwriters
several
Arnhold and S.
Ira
Philadelphia Electric Co.—Weekly Output—
The
Co.
Emerich & Co., Inc.—
Bleichroeder,
Ames,
Carter H.
week
FormedJ
compriseid
committee,
Puget Sound Power & Light Co. (& Subs.)— Earnings*
$34,000,000
14,000,000
1
Stuart & Co., Inc._$5,475
Halsey,
Graham,
736,710
cumulative pfd——
6%
nama
-
proxies
company
ended
Period End. May 31—
Operating revenues
order
the
of
(.000
Dick
7
—
Omit'd)
Richard W.
2,491,946
deduct.-.
income
Total minority
in income
t
-500,000 shs.
principal amount underwritten by each
J.
,
soliciting
this
July 7,
171,076,000 kwh.
with
compared
as
issue.
names
Caldwell Phillips Co
674,475
of
week
for 'the
year,:a
the terms of the indenture * of mortgage to be dated
securing the new bonds.
tThe notes evidencing the
bank loan will provide that, except upon the written consent of the
holders thereof,
the company shall not issue or assume iunsecured
indebtedness other than
the bank loan, taxes, accrued interest and
other current accounts payable and accrued, incurred in th£ ordinary
course
of business, and other
unsecured indebtedness not exceeding
$1,000,000 at any one time.
tThe notes evidencing the bank loan will
provide for payments on account of principal aggregating $200,000
632,623
$5,565,602 $16,820,877 $17,250,752
the
an increase
Electric output
1945,
1,
329,056
v:./
$5,717,021 $17,514,280 $17,925,226
"Unlimited
1975
2%
666,911
693,403
>-j. i
Utility Engineering and Service Corp
output
for
ration
"Subject to
July
Burr
151,419
is
loan,
mtge.
10-year
2,923,315
.
Counsel,
year,
brought
under condemnation proceedings
of Clark County.
is
bonds, 3%s series due
bank loanCapital stock (no par)
1st
329,056
$5,897,548
income
Gross
as /
compared
.
'■ ///
152,713
172,493
Other income (net) (£>r)
,
'
stockholders'
preferred
^
150,625
$6,070,041
York Curb Exchange in the new
Carey and Benjamin H. Roth, with Franklin Schwoerer,'
St., New York, N. Y., as Secretary, and Guggenheimer &j
Electric
tion
Capitalization Giving Effect to Present Financing
Authorized
Outstanding
623,700
operating revenue
L:
Public
to redemption date.
interest
Clayton
Net
the New
161, p. 2664.
proposed merger between
V. 162, p. 139.
($34,196,680), together with $4,000,000 to be
plus $2,159,620 out
of the company's
treasury funds, are to be applied to the redemption on Oct. 1, 1945,
of $39,565,000 first and refunding mortgage gold bonds, 4/2%
series
due
1960, at 102, amounting to $40,356,300, together with accrued
bank
the
on
Braun,
3,655,426
973,116
r
excess
independent
Untermyer
Purpose—Net proceeds
received
Barrow,
plant
utility
acquisition adjust.
//
2,223
243
326
was
on
of this corporatioa
name
capital stock from shares of no
value of $2 per share on a shareannounced that transactions in the capital
See
the
the utility propery of
that
and except
Co.
Washington
in
company
3,801,511
Approp. to retirement St
-
the
2,300
by a public utility district
Inc.
906,770
Maintenance—
it
recorded
Broad
25
was
Seattle Gas
in
interest
,
1945—12 Mos.—*1944
$17,400,127 $17,106,150 $61,961,358 $62,103,755
5,933,418
6,214,333 22,226,875 23,453,950
/Operating revenues
Operating expenses
■
Railway
1945—3 Mos.—*1944
Period End. Mar, 31—
-the
,(1,300 shares of common and 13,000 shares of second preferred stock)
of the total outstanding voting shares of Seattle Gas Co.
Company
has
no
present intention of changing the general character of its
business, except that it does, not expect to continue to own any
Allison-Williams
Philadelphia Company (& Subs.)—Earnings—
Pittsburgh Rys. and Subs, and Other Street
An
James
operating
an
approximately
company
(Not Including
/
is
of
area
each
Sales—
Peoples Driig Stores; Inc.—June
Period End. June 30—
basis,
were
change hi
the
par
Pittsburgh Coal Co.—Stockholders' Committee
.
incorporated in Oregon on July *25, 1930.
public utility, furnishing. electric service in
square miles in seven counties in the
State of Oregon and an adjacent area of approximately 24 square
miles in Clark County, Washington.
Electric energy is in part gen¬
erated by the company and in part purchased, principally from the
Bonneville Power Administration.
The population of the territory in
which the company operates is presently estimated at 750,000.
Com/
pany .is also a
registered holding company under the Public Utility
Holding Company Act of 1935 by reason of its ownership of 14.56%
cities will be withdrawn from civilian use beginning at
This action, officials stated, was in compliance with
42
July
noon,
Changes Name and Pat
—
recent
Inc., and in
value into shares having a
i'or-share
replacement fund and in other special cases, as
mortgage,, the. initial special redemption price being
Company—Company
.
between
the
with
Pitney-Bowes,
stock
the
or
connection
beginning July 3.-—V.
notice
the
in
Company
an
Inc., are Equit¬
able Securities Corp.; Gregory & Son, Inc.; Harris, Hall &
Co. (Inc.); Ilornblower & Weeks; Otis & Co. (Inc.); L. F.
Rothschild & Co.; The Illinois Co.; Bacon, Whipple &
Co.; Dempsey & Co.; First of Michigan Corp.; Hayden,
Miller & Co.; Julien Collins & Co.; R. L. Day & Co.;
Kebbon, McCormick & Co.; Mullaney, Ross & Co.; First
Cleveland Corp.; F. S. Yantis & Co.; C. C. Collings &
(Co., Inc.; Alfred O'Gara & Co.; Patterson, Copeland &
Kendall, Inc. and Daniel F. Rice & Co.
The issue was awarded July 10 on a bid of 100.12766.
Salomon Brothers & Hutzler, the only other firm to
compete for the issue, bid 100.08 for a 1%% coupon.*
Cuts Pullman Service-*
/
This company on July 10 announced that 163 sleeping cars operating
/
to
par
whole at any time or in part irom time to time on
given as provided in the mortgage, the initial
a
.
102.50.
Trusts Offered—Halsey, Stuart Co., Inc. and associates on July 11 offered
$10,290,000 1%.% equipment trust certificates series Q
at prices to yield from 0.90% to 2.10% according to ma¬
"
fund
provided
Pennsylvania RR.—Equipment
turity.
f
' . •
f
Associated with Halsey, Stuart & Co.,
as
days'
30
regular redemption price being 105.95% of the principal amount;
bonds will also be redeemable upon like notice, for purposes of
3,837,992
—
at least
$5,668,576
Crl.252
Pitney-Bowes Meter Co.
In
July
maturity
to
Cr85,057
Net income
—V.
$864,92& $11,090,352 $11,208,516
4,594 // 94,721
62,840
$871,844
273,642
106,875
86,810
^
Dated
..
Co., above.—V. 161, p. 2664.
Value of Shares—
101.0299 for 3V4S.
.
1/ 1945; due July 1,/1975;
Interest payable Jan, 1
and July 1 at office" or agency of the company in New York,-or at
office or agency of company in Chicago.
Coupon boncjs in denomina¬
tion of $1,000, registerable as to principal onljrand interchangeable with
fully registered bonds in denomination of $1,000 or authorzied multiples
thereof.
Bonds will be redeemable at the option of the company prior
--
7,900
Vi
income
Gross
720,281
See Pitney-Bowea Postage Meter
associates bid
and
Co.
3,559,167
r
$863,944
-
(net)
Other income
3,473,333
311,667
Pitney*Bowes, Inc.—Listing, Etc.—
Bonds Offered—A
—
of underwriters headed by Halsey, Stuart
& Co., Inc. on July 11 offered $34,000,000 first mortgage
bonds, 3Ys% series due 1975 at 102.41 and interest.
The group won ther award July 9 on a bid of 101.177.
First Boston
Corp. and associates bid 101.1259 for 3»/aS and Harriman Ripley &
large group
Period End, May
*
Electric Co.
General
Portland
Co.—Earnings—
Pennsylvania Power & Light
Alfs,
140.
//.:;/ ••///■■/■^./
(Continued
■
on page
287)
,
./
U
THE COMMERCIAL &
Number 4403
Volume 162
Stock and Bond Sales «»
DAILY
NOTICE—Cash and deferred delivery
sales are disregarded In the days range,
FINANCIAL CHRONICLE
New York Stock Exdiasge
-1 YEARLY
WEEKLY
-
unless they are the only transactions of the day. No account la taken of snob sales In computing the range for
the year.
Prices
Daily Record of U. 8. Bond
[ High
/ Low
[Close
Treasury
4%8, 1947-52
Total sales in $1,000
units
Total sales In $1,000
units
Low
{High
Close
f High
\ Low
3%S, 1946-49
[Close
7
Total sales in $1,000 units
.
IHign
..
j Low
[Close
3VaS, 1949-52
Holiday
Total sales in $1,000 units
f High
v
\ Low
3S, 1946-48
3%S, 1952-55
......
[Close
Total sales in $1,000 units
Total sales In
$1,000 units.
[High
Low
3s, 1951-55..—.
«%S, 1954-58—
[Close
Total sales in $1,000 units.
units
Total sales in $1,000
High
(Higb
Low
2 YtS
1956-59-
Low
—1
Close
Close
Total
Total sales in $1,000 units
[High
—LOW
2%8, 1945-47-
sales in
$1,000 units.
2%s, 1959-62
[Close
Total sales in $1,000 units
Total sales
—
'■
in
$1,000 units,
sales in
$1,000 units.
[High-
\ Low
[Close
Total sales in $1,000 units
Total
[High
1 Low
2%s, 1951-54
'
[Close
2s, March
1948-50
.
Total sales in $1,000 units
Total sales In $1,000 units.
{High
■{ Low
f Higii
2s, Dec. 1948-50
[Close
.
-i
-
Total sales in $1,000 units.
[High
.
-
—
Total
(High
Total
[High
2s,
[Close
(High
Tnigo
Low
High
2s, March,
[Close
Total sales in $1,000
[High
j Low
[Close
Low
1950-1952.—
Close
Total sales in $1,000 units——
Sept.,
2s,
units.
1950-1952————
.
Total sales In $1,000 units—.——
f High
Total sales in $1,000 units.
[High
{ Low
2%s, 1950-52
$1,000 units.
1949-1951—.1
Total sales in $1,000 units.
———/ Low
Stts, 1949-53
sales in
Dec.,
[Close
Total sales in $1,000 units—
1945.
{ Low
(close
1945——■\ Low
2%S,
sales In $1,000 units.
2s, Sept., 1949-1951
Total sales in $1,000 units
I%s,
.•I Low
(close
[High
i Low
(Close
.
1949-1951
2s, June,
[Close
Total sales in $1,000 units.
LOW
2s, 1951-1953—.
[Close
Close
Total sales in $1,000 units
Total sales in $1,000 units
—
Low
(High
1951-55—
2s,
Holiday
:
/ Low
[Close
[High
2s, June, 1952-54
[High
[Close
[High
[CJose
2s,
1952-54
Dec.,
Total sales in
2%s, 1963-1Q68—w—Low '
A(Close ;
2s
•{
Total sales
in
13/4s
',
Treasury
2%s
1965-70
i
1948
9
102.4
102.7
101.30
102.4
102.7
101.30
102.4
102.7
1
2
1
101.26
—
Total sales in $1,000 units
l%s,
101.8
[High
-j Lc
Low
(Close
1950
101.25
101.9
101.8
101.9
101.8
101.9
25
Total sales in $1,000 units
♦Odd
3
1
Total sales In $1,000 units
—
10
101.25
101.26
(Close
■
101.25
101.26
[ High
/ Low
.
Low
[Close
.
101.30
$1,000 units
—
/High
102.6
._—
{ Low
[close
1964-1969
-
—
Total sales in $1,000 units
102.6
Low
(Close
—
/High
-j Low
[Close
102.9
[High
2%s, Dec.,
1953-55—
—
$1,000 units
Total sales in
[Close
$1,000 units
;
[High
•
Low
■
■
fFigh
2%s, June, 1964-1969
—
Total sales in $1,000 units
Total sales in $1,000 units
units
.
j Low
y
--{ Low
Total sales in $1,000
-
—-
[Close
Total sales in $1,000 units
Total sales in $1,000 units
2%s, 1962-67—
—
Low
Holiday
[High
t%S, 1956-58
___
[High
Close
Total sales in $1,000 units
riigi.
1
J Low
2%8, 1958-63.
2%S, 1960-65-.——-
Low
[Close
Total sales in $1,000 units
lot
tTransaction of registered bond.
sales.
NEW YORK STOCK RECORD
LOW AND 1
Tuesday
Monday
Saturday
July 7
July 10
July 9
$ per
$ per share
*65
'
*113%
*70
13%
*26
67
114%
f per share
65
*113%
65%
114%
753/4
137/a
14%
133/4
27
27
27
1143%
*70
13%
*73
75
15%
15%
15%
36%
36
36
27
27
27
44%
44
*115
65%
*113%
120
120
44%
120
76
27%
43%
3,700
120
120
For
see
page
33
31%
106
*103%
17
17%
30%
footnotes
67
32%
*103%
17
*17
158
159
158
*17%
303/4
18
30%
*17%
303/4
67%
32%
106
17%
159
18
303/4
124
*120
*118
125
2,400
110
7%
7%
7%
6,200
4%
474
4%
4"%
18,800
5 4 3/4
547/a
54 %
55%
6,300
68
2,100
32%
4,400
7%
67%
67
32 %
31%
106
*103%
67 %
31%
*103%
17
17
*16%
158
160
*150%
•
*17%
303/4
106
17%
161
2
10
43%
15%
Jan
9% Jan
Steel Co
•43%
15%
15%
*35
115
Adams
43%
55
17%
Acme
443%
53%
30%
500
43%
55%
17
26%
15%
Address-Mutlgr
4%
158%
26 %
Co
300
54%
156%
27%
Motors
400
4%
*16%
*26%
ACF-Brill
36%
53%
67%
3,700
27%
75/a
663/4
13%
71
9
15
—No par
2.50
Abraham <& Straus
v
13%
36%
5
32%
75
1374
22
100
27%
7%
66 %
114
Air
Reduction
Alabama
Alaska
&
No
Inc
$2.50 prior conv
Allied
<Ss
18
17%
17%
Allied Kid Co
303/4
30%
30%
Allied Mills Co Inc
16% Jun 27
32% Jan
24
6
30% May 19
par
39% Jan
2
24
120
July 10
8% Jun 21
38% Apr
49
18
Apr
10%
26%
75
34% Jan
22
60% Jun
21
23
28 % Jan
24
11
1
7
28
17
6
3
1
37
Jan
68% Mar
No
par
8
No par
91
Jan
2
153% Mar 26
157/a Jan
2
30
May 23
13% Jan
347/a Mar
104
May
13% May
165% Mar
20% May
3478 Mar
Dec
14~
i
Dec
33
5%
2
11
Jan
.
24%
Deo
Oct
43
July
100
.
Deo
7% July
Apr
3%
Mar
Dec
23%, Jan
36
Dec
Jan
62
Dec
24 %
Jan
29% July
Apr
70
91
.
15%
9% Jan
141
Apr
157
Dec
Oct
Deo
Feb
13% Mar
16%
29
35% Mar
Aug
263,
* "L
Dec
10%
Jan
2
56
Jun
64
Jan
19%
24
100
Jun
114
37% May
2% Jan
No par
64%
■
Jan
6% Jan
5% Jun
Feb
Jan
8% Aug
98% Jan
1
Dye
47
28
22 % Apr
22
52%
108% Nov
16 % May 19
28% Apr
1
Par
preferred-No par
Corp__L_
Industries Inc
Chemical
73% Jun 20
.
I per share
t per share
1
100
Alleg & West Ry 6% gtd
Allen
23
13Vb Mar 26
15
10
Min
Allegheny Corp
5%% pf A with $30 war
Alghny Lud 6tl
25% Apr
5
Jun
100
Vicksburg Ry
Gold
60
May
10
No
Corp
Juneau
I per share
60% Jan
111% Apr
preferred
4%
S per share
No par
Abbott Laboratories
36%
43/4
106
*70
Par
Shares
400
68
27%
73/4
66%
*113^
share
27%
15%
36%
4%
31%
75 ?/•"
*69%
f per
*65
.
Highest
Lowest
Highest
Lowest
EXCHANGE
27%
15%
7%
♦103%
114
July 13
Range Since January 1
STOCK
NEW YORK
27%
*35
4%
56
*113%
68
Sales for
the Week
Express
Adams-Millis Corp
7%
7%
$ per share
*65
Friday^
13%
14
*27
Thursday
July 13
$ per share
*34
43%
July 11
Range for Previous
."-'f-'
Year 1944
STOCKS
PRICES
Wednesday
65%
share
*26%
15%
SALE
/f
7; K
pw iji ft
•
Monday, July 16, 1945
COMMERCIAL & FINANCIAL CHRONICLE
THE
254
NEW YORK STOCK RECORD
LOW AND HIGH
Monday
July 9
B&terday
July 7
* jier
July 10
t per
9ha?4
share
30%
101 %
101 Va
5%
5%
47
*113
115
115
115
*26
6%
*47
115
67%
'
1,100
30%
67
67%
29%
30
30
31
30%
30%
79
79
79%
79%
79%
79%
79%
79
79%
79
18%
18%
18
18
18
18%
17%
18%
191
31
30%
•"118
118
118
128%
128%
20%
-20%
ft
V
*19%
23%
109 %
38
39%
38%
39%
6%
6%
6%
6%
14%
14%
14%
14%
ftft 40%
40%
41
40%
5%
5%
5%
*108%
109%
30%
31 y8
30%
31%
102
102%
102 y4
45
ft*44%
30%
*100
44%
8%
8%
*51%
52%
*78%
-
;g *78%
"
•
9%
8%
'
101/4
1
10%
•
*10%
ft'ft
9%
9%
*50
10%
24%
29
*139
29
.
46%
48
47
7%
7%
ft',' 71%
73
73
22
21%
-
ft
89 %
90
89 %
89%
24
24
*23%
24%
23%
*22%
*22%
47%
49
48%
167%
168 %
33%
21
.-a
*20%
33%
.
32%
; 183%
■
78%
17
79
17%
.
50%
50%
*119% 119%
78%
50%
*119'/a
17%
4,100 "
50%
50%
3,000 '
119 y8
119 Va
119% 119 Va
16%
26%
17y4
25
7%
24 ft':
26%ft
7%
7%
VA
8iya
ft
55%
56
54
34
55
33%
53%
53%
34
ft
33%
*
34% ft
38%
38%
*13%
34 Vb
34%
56 %
1,610
14%
•
*13 y4
ft
65
65
9%
'ft 9%
*114%
us y4
64%
10%
114%
115%
v
*125 VB
*13%
14%
13 y4
28%
118%
50
114%
114%
115
128
128
71%
*36%
32%
17%
*56%
98%
112%
14 »/4
13%
13 %
13%
13%
28%
28%.
28%
1,000
125%
126%
*124%
127
*120
121%
124
122
72%
37% v:k:-
37y«
>••
97%'
112
79
*73
112
-
*107%
ft
112
72%
37%
*73
33
*111%
700
"
500
37
preferred—Atch Topeka & Santa Fe__
5% preferred—
Atlantic Coast Line JtR
:_..100
.—100
—100
100
-
5%
80
7,000
111%
60
17%
17%
3,300
Atlas
6%
56%
56%
56%
56%
56%
*56%
56%
72%
*72%
72%
72%
73
250
*118y2
120
72
72%
120
*119%
120
23
*20 Va
23
72
51%
15%
% *99
19%
19%
.19%
8%
8%
8%
16
ft 15%
*118%
100
ft 20
20
8%*
8%
4%
700
ft
100
450
19%
8%
:
preferred
5%
conv
_No par
100
No par
—_No par
preferred
1,100
8%
38,300
Nichols
Austin
85
prior A—Co
Autocar
Aviation Corp
of Del
1
100
25
100
5
50
Corp
Atlas Tack Corp
15%
*19
8%
Refining
pref series A
conv
Atlas Powder
ft
22
; ioo
2oya
8%
*2oy2
*15%
100
19%'
87/a
•"
ft ' :;
i5ya
100
100
20
22
14%
15% ft-
101
120
*21%
ftftr
preferred--
non-cum
Atlantic
32%
111 Va
200
*2oy2
100
preferred—
Assoc Investment Co
;
17%
*118%
100
*
ft
2d
7%
Atl G & W I SS Lines—
3,200
17%
71%
-No par
i-_
1
—__-100
—100
—No par
5%
6,900
18%
23
15%
99%
*56%
57
.
"10
112%
,71%
*73
17%
5
Corp
Dry Goods
1st. preferred;
6%-
ft
:ftS32%
32y2
112
17%
30
17%
17%
120
I
37
80
32%
112
70%
37%
*73
79
32%
*21%
71%
72
37%
*111%
*111
•
230
108
98y2
99%
112
•ft' 71%
No par
Co
Corp——-
Associated
100
—
Constable
Artloom
50
*107%
5
No par
"
*48
50
108
ft 97%
98%
112
*118%
I
121%
*48
ft
37%
33%
33
*111%
50
108
70%
37%
33%
•';
*107%
*120
„
No par
Co of Illinois—
preferred
Armstrong Cork
1,660
28%
ft:.,;
72
111
111
*13%
ft* 124
&
"Arnold
14
14%
13%
ic *48
97%'
*13%
P W
1%
4,000
45 Va
44%
28%
50
*112 y8
45%
*45
.13%
*13%
*120
74
79
*73
__
I
45%
20
5
$6 conv prior preferred
ft 160
45
21%
Mining
Copper
Armour
81,600
10%
128
120
•
64
9%
10
9%
10%
*63 y2
64%
64%
65
500
28%
107 y4- 107%
112%
6%
6%
No par
—ft
preferred
Paper Co Inc
"Archer Daniels Mldl'd
A
2,200
128
*48
;v
97%
6%
114%
120
108
96%
6%
$4
Andes
128
13%
122% 123 f
112%
i
ft
118%
*48
6 Vb
__12.50
Anderson, Clayton & Co
2,100
39
115
28
28
124
*107%
14%
115
•
*28
*13%
Anchor Hock Glass Corp
110%
38%
14 y4
50
No par
900
14%
*13%
; 124
9%
;ftft
45%
*13%
%
13
*109
39 y4
*13%:
preferred———25
Anaconda Wire & Cable
700
..
> 128
127
45
45
44%
6%
>65
ftft- 9%
227
*125
noy2
39
,14%
6%
6%
6%
*63%
33%
*109
39%
*12%
•
6%
*33
—1
Smelt
Anaconda Copper Mining
13,700
56 y2
33%
33%
110%
x39%
397/a
13%
38%
*109
110%
*109
110%
*109
:
Jun
46
.135
Jan
8
13% Jan 12
104
May 28
195
Apr 25
55% Jun 25
115y4Jun 27
ft
31% July 13
126%
Apr
133
Sep
8
May
14
July
10
82
(The)
No par
—5c
3
Mar
95% July
Jan
183% Nov
33%
Apr
42% July
68%
Dec
99%
Jan
Jan
27% July
119% Apr 27
115% July
133
Jun 13
21 % Jun 27
24 y4 Jun 26
108%
Feb
131% Nov
2
Jan
Jan
3
Mar 9
Jan
3
Jan 22
Apr 26
Jan 24
Jan
2
Jan
3
Jan
3
Jan
2
1
«ft
,
1 rv
,
J
65 % Jan 2
*145% Jan 3
13% Mar 27
*
43% Mar 27
117% Jan 22
8 % Jan 23
ft 29% Jan
Apr
11%
Dec
Jan
29
Mar
23
1%
5% Mar
Oct
15% Jan
59
25% Apr
,
94%
Apr
3%
•
Jan
Dec
40%
Jan
33
Jun
102
Jan
68
Dec
6% Aug
Nov
39% Mar
46
65
Mar
76%
4
Jan
61
Jan
7%
6%
Oct
7% Aug
79%
Dec
Apr
9% July
Jan
9% Aug
46
Jan
50
Jun
14%
Feb
28%
Dec
80 %
Jan
111%
Dec
14%
Feb
8%
Jan
24% Dec
12% July
26
Dec
130
Feb
20
115% Feb
Oct
32
Jan
43 ft Dec
2
Jun
3% Aug
44%
Feb
66%
Dec
40
Feb
60%
Dec
9
Jan
12% Aug
163
Jan
180
Aug
12%
Jan
17% July
62%
Jan
77%
Dec
13% Jan
18%
Sep
13%
Feb
19%
Dec
ft
26 %
Jan
37%
Dec
ft
36%
Jan
43% July
Jan
165 %
45%
'
Dec
39% May
Dec
Dec
147
NOV
152%
22% Jun
28%
15
Jan
ft
19% July
146
16%
Jan
Feb
56
111
Jan
75
Jan
8%
15%
ft;
16% Aug
100
Jan
Jan
67%
Jun
120% July
6% Jan
6%
Dec
49
Jan
39% Apr
116% Apr
84%
Dec
July
75 ;;ft July
152% July
57% Jan
139
Jun
166%
Jan
J
Dec ft,
132
Jan
56%
Dec
:ft
,31%
26% May
156
ft
Dec
25%
29
Dec ft
Jan
Nov
9%
Dec
Dec
107
6% July
4
Jan
44
Feb
65
Dec
Dec
Dec
24%
Jan
25
Jan
39
35% Apr 23
6
2
6
4
2
50
Mar 26
:>ft 6% Jan
2
102 % Mar 27
111
Mar 27
43 Vb Mar 26
ft; 11% Jan
2
ft' 10
Jan
2
18
Jan 20
> 113
Jan
3
111
Jan
4
ft
45
Mar 9
106
Jan 12
76% Jan 31
101
Jan 30
48% Jan 22
33% Feb -1
74% Jan ^5
ft 30% Jan
2
no
Apr 20
14% Jan 22
55% Feb 19
60
Jan
2
113
Jan 25
18% Jan
6
10% Jan 22
77
Jan
2
14% Jan
2
,
5% Jan 24
Dec
4% Aug
29%
20
Jan
28% Julv
36% Jun
6
38% July
12% May
ftft 4% Jan
36%
x56% July 12
2
38% Jan
24% Jan
ft 110
July
Dec
Sep
8
Jun 22
60% Jan 23 ft 83
107%
2% Mar
8% Jun 22
5% Mar 27
Dec
Feb
21%
-r'/'ft
1
Aug
20%
101%
14
•
,f,
15
Mar
10% Jan
6% Jan 5
10% Jun 9
70
Jan 15
97y4July 5
9
Jan
3
11% Jun 25
7% Jan &
10
Jun 15
48% Apr. 22
50% July 13
-26
Jan 22
37 '/4 Jun 25
108
Jan 30
115
May 2
21
Mar 26
27% Jun 15
11% Mar 27
14% Jan 9
- 24% Jan
24
31
Mar 6
130% Jan 26 "142% May 24
41% Jan
2
48% May 21
2% Jan
2
7% July 2
60% Jan 22
82% July 3
54% Jan 22
74% July 3
11% Jan
2
15% May 7
176
Jan
2
184
Mar 16
15% Jan
2
22% July 10
75
Jan
2
91% Feb 23
18% Jan
4
25% Apr 17
17% Jan 15
24% May 29
32% May 22
40
Feb 15
40% Jan 2
50% Jun 22
164 % Jan
3
172
Apr 25
41% Apr
9
45% Mar 6
153
Feb
9
162
Jun 25
27% Jan
2
35% Jun 26
ft 17% Jan 16
25
Mar 7
• 22% Jan
3
28% Apr 24
ft *6% Mar 26
56% Jan 3
-128% Jan 12
142
Mar • 7
2yJ/8 Jan
2
35
Jun
8
157
Jan 31
184
July 10
ft 65
Jan
2
79
Jun 15
*
Oct
170%
29% Jun 28
128% Jnn 23
100
;' 85 prior conv
80
*76
'
*
*33
19%
Jan
9
Jan
2
100% Mar 26
Woolen—
Amer Zinc Lead &
2,800
./
56%
34 >
Jan
—No par
'
Preferred
900
34%
X56
Dec
7%
37 %
99% Jan 11
American
15,600
7%
35%
'
27,300
'ft
122%
34%
35%
34%
•
72%
preferred——No par
B__'_
preferred
————100
Foundries Inc
;—-10
American Ylscose Corp_,
—^—14
5% preferred—
100
Am Water Wks & Elec—--No par
$6 1st
26
.
'
34%
34
Jan
•
Amer Type
400
»
17%
121%
•
60
Nov
' •" ^
'
6%
:
109%
*76%
■
81%
*78
81 Va
*78
17
*109
■
109 y2
123% 123%
7%
Dec
23V8 July
80% Jun 15
X161
Jun 7
19% Jun 26
54% Jun 27
121 % Mar 15
17% July 10
111
Jun 14
Common class
ft 3,300 '
450 '
78%
25
7%
'
158%
50%
100
..-—23
-_,25
Telep & Teleg Co
AmericaD
Tobacco
1,600
17 y2
26%
123%
ft
100
No par
—
Sumatra Tobacco
Amer
17,200
78%
*108
123%
Preferred
Am
100
Refining
American Sugar
400
158 %
17%
7%
No par
:
109%
122%
Stove Co_^
17%
79
49%
119%
7%
American
159%
17
122%
No par
16%
50%
7%
Stores
500
78%
78
100
No par
preferred
non-cum
American
158%
17%
122%
81%
78 V2
6%
Amer Steel Foundries
1,000
•
180%
78
79%
123 7/a
*78
179%
25
American Snuff
800
32 'ftft
180%
100
_s—
300
ft
139
32
178%
,
47%
47%
>*138
32
*108
.
>26%
139
Preferred
4,400
20%
*25Y*
ft
26%
33
20%
,21
Mill
preferred
70
165
32
109 y2
26%
24%
23%
San'y
No par
Preferred-————100
500
45%
ft
32%
preferred
preferred
American Rolling
390
170
*162
33%
*138
17%
,
*108
109 %
*108
17'
_
ft:'*44'
44%
6,600
49%
49%
170
'ft
*47%« 48%
48%
159
17
"
119 Va
119 y8
.
16%
16 V*
'
51
-
440
'
17%
„
200
37
165
32%.
78%
79
22 ya
37 y8
44%
139
159
22 ya
*36 y2
,
78%
..79%
200
49%
ft 170 ft ft
33%
181%
.159 y4
24%
49 y4
*162
1,060
*23%
22%
37 y8
170
179%
78%
159
17%
50%
90
32
79%
%
159%
#
25
4%% conv
100
American Safety Razor
.—18.50
American Seating Co—No par
Amer Ship Building Co
No par
Amer Smelting & Refg
No par
32%
78%
'
Am Rad & Stand
22,700
89%
184
181%
77%
78
ft
10,600
90
24%
32%
32
*32
158%
13%
13%
13%
*25%
179
No par
No par
No par
72%
88%
49%
48%
Light
$5
*24
*22%
170
*138
No par
$6
45
48
Co
News
Amer Power &
41,200
ft
22%
'
139
American
5,000
26%
48
630
6,200
ft 21 %
139
47
7%
26
ft.
46
100
preferred
6%
72%
21
."'ft
Amer Metals Co.Ltd
81%
25%
139
No par
No par
No par
7%
21%
.47
.
72
25%
47
1,000
46%
'
80%
*20%
139
\
7y2
*20%
26%
25%
.34
2,900
183%
37%
33
Mach &
ft/ft:,- 60
13%
22
162
ft'.
'
Mach & Metais
29
28%
*181
162
165
Amer
139
12%
ft
22%
"45
44%
44%
*160
(, ',^7
Fly Co
3,400
v
7J
Ice--ftft—_i.—-No par
preferred--,
J00
Corp_
No par
American Invest Co. of HI
1
5% conv preferred-.
——50
American Locomotive
No par
7% preferred —————----100
139
13%
28%
140
183'%
23
170
'
Amer
24%
49
169 %
„
165
32%
.49%
168%
44%
*44
*160
-
24%
24%
89%
37%
37%
37%
36% •37
700
24%
13%
24%
*22%
-23
114y2
*114
114%
*181
22%
88%
-
8,500
21%
21%
-
200
ft.
50%
.
"* r/
" 1
81%
14
183%
*181
-22%
500
9%
9%.
50
f%-\
Internat
Amer
'
33% ft 34%
y
'
6%non-cum
300
500
ft
10%
34.
72%
73%
13%
183%
22%
*181
183%
:
7%
81
72%
13%':
13%
13%
13%
*181
74Va
v
79%
7%
VA
80%
ft
-81%
Jan
45 %
Apr
23
110
112%
13%
18 '/a
105y2
30y4
3%
• 10%
27
2%
96
No par
Chicle—
American
"5,800
9%
95
95
*ioy2
9%
46%
47%
47%
7%
81
-
600
ft
50%:
140
'
600
79%
9%
9%
28%
28%
140
*139
47%
7%
•
80%
80
140
500
51
79
10%
12%
13%
13%
28%
29
140
29
140
14,100
1
24
24%
'?
*
51
-
97
*ii3y4
31%
Dec
16
109% Jun 29
43y4Jun 29
6% Jun 16
ft?® 15% Feb 20
43 % Jun 28
5% July 3
Jan - 2
111
May 22
20% Jan 2
31% July 10
91
Mar- 1
104y2May25
38% Jan 24
46% Jun 14
5
Jan- 3
9% July 10
47
Mar l
51% July 11
68% Jan 2
81 % May 5
preferred--.——-—100
conv
•
33%
114%,
24
13%
13%
Va
13
13%
9
9%
34%
33%
*113%
114%
24 Ye
24%
10,200
*50
50%
'
24%
500
9
10%
10
*9%
*50 •"
>113%
114
113%
45
*95
10%
1,000
8%
9
9%
97
15,300
5%
5%
44%
44%
79 Va
9%
-
ft ft
51%
34% : l'34%
34 %
33%
ft 1,000
101
51%
•
*
40%
101
*77%
ft* 50%
9%
•
50
r
50
40%
.
'
200
ft
ioo y4
78%
-*95
95%
10%
ft 1,500
109
51%
m
9%95%
96%
96%
6%
14%
30%
8%
9%
17,400
>:
6
5%
50
39%
*107
78%
:
May
40
107
27
American Colortype Co_;
2,100
/ft- 29%
51%
79.
"
■
—10
American Crystal Sugar
10
6%
1st preferred
—_;—100
Amer Distilling Co stamped
20
American
Encaustic Tiling
1
Amer European Sees
No par
American Export Lines Inc
1
Amer & Foreign Power—No par
$7 prefeiTed—No par
$7 2d preferred A——No par
$6 preferred
—
No par
American Hawaiian SS Co
;
__10
American Hide & Leather
-.Ju
1
6% conv preferred.——SO
American Home Products—
1
*14%
5%
44%
26
47% Feb 17
183% Jan
5
- 39
Jan 20
96
Jan
8
No par
Inc
American
31
101
v
44%
$ '>9::'ft
9%
8%
■
51%
79%
r
51%
-
«
109
37%
ft
108%
30
102
102
*44%
45
5%
108%
ft:.
5%
109%
Fdy
No par
preferred——-100
Cable
100
23%
40l/2
108%
&
89 % Feb
Dec
Nov
110% July
80
Jun 18
21% Mar 7
Feb 20
liy4 Mar 26
&
Car
non-cum
Chain
280
20%
309.
14%
40%
•
/
%
6
*14%
108
30
129
23%
41%'
6%
ft
5%
5%
107%
V
38%
7%
Am
200
118'%
128%
*19%
23%
40%
ft 40%
118 %
•
109%
*109
109%
*109
*109
31%
69% Jun 28
34% May 25
130
100
ft
4%
42%
Jan
Mar
*
20%
23%
23%
American
5,200
ft,,ft 1,100
ft-';' 2,400
115
31%
129
*19%
14%
*14%
•
20%
20%
ft
53 y4
52%
118 »/2
129
129%
6
6
-
128%
115
Preferred
24% Deo
Jan
2
28%
July
118
Apr
82
16% Jan 24
Mar 21
25
Can
American
360-
•
40% July
17% Apr
Feb 21
Feb 20
32% Apr 25
69 % Jan 30
1
Apr
105
July
103
Jan
33%
49
126
x41
100
,
Radio Corp
&
96%
Dec
22%
,14% Jan
6% Jun 28
6
28
Jan 24
42y2Jan 24
20% Jan
2
par
—„No
preferred
Amer Cable
2,000
96%
Corp
Co__
5 % %
10
i9iy4
190
118
118%
*118
23% '"•23%
-
39
37%
31%
128%
*20
,
109%
109%
114%
>
118
127%
23
22%
31%
31%
114%
31%
11%
96 %
96y4
191 ya
53
52%
114% 115 ft
31%
31%
53
114%
113%
113%
"
Am
13,800
12'/a
Bosch
Brake Shoe
American
'
1,900
134 '■'
*132%
12%
12
95
191%
192
53
54
52%
52 *
51%
113%
134
96%
96%
*191%
,
50
__1
preferred
6%
330
1 1,900
42%
42%
43
*132
12%
12%
96%
192%
96 y4
96%
191%
ft,
30%
*42%
43
134
12%
12%
12%
12%
95%
191%
42%
134
*132
132
*132%
43%
42%
43%
42%
132
•
par
American
30%
4,700
3,000
67
18%
No
Amer
67%
66
30
3% Jan
43% May 14
107%,Jan
2
50
Corp
Petroleum
29%
66%
Highest
$ per share
per share
$ per share
20y8 Jan 24
ft 31
Jun 15
99% Jan
7
102% Mar 26
38yaJan
2 "
49% May 8/
113% Jan
2
125% May 8
23
Jan 19
29% May: 8
Agricultural ChemicalJVo por
Airlines (new>_—;ft
5
American Bank Note.
10
29% ft
67%
67%
18%
Amerada
30
67
$ per share";/
..1
•-6%conv preferred——;
*
500
115%
*114
114
Xll4
*29%
;
30
conv
Amalgam Leather Co Inc.
100
48%
Mfg—.—_
preferred
Alpha pftrWaad
ft 7,500
6
*47
4%
400
400
26%
6
48%
6%
6%
48%
ft
120
26%
27
ft
preferred
5%
Allls-Chalmers
1944
Lowest
.
No par
100
No par
—100
par
Allied Stores Corp
200
4,300
Year
Range Since January 1ft
Lowest
;;//
Highest :
-.
,
Par
6,800
48
120
*118% 120
26%
29%
ft'
47%
47%
115
,
30
*29 y8
29%
29%
47%
ft
30 y8
120
'
Shares
iooy4
477/8
*47
48%
*47
29%
100%
6Va
6 Mi
5%
47
30%
ioiy8
26%:
27%
27%
29%
•ioo%
47%
*118%
120
*118
117%'
27%
*27%
*100%
47%
47%
47 %
46%
117%
30%
101%
30
30%
*100%
30
28%
101 %
the Week
I per share
$ per share
share
t per
NEW YORK STOCK
EXCHANGE
'
Bales tot
July 13
July 12
July 11
f per share
Friday
Thursday
Wednesday
Tuesday
Range for Previous
STOCKS
BALE PRICES
26
112% Apr
30
44 % Apr
30
15 % Mar
7% Jun
6
18
65% Jun
22
14%
9% Jan
'
2%
42
57
Jan
18
4%
Apr
15
74%
Jan
107%
Jun
16
85
Jan
119
24
35% Apr
49% Apr
15% Jun
9%
9
29% Jun
8%
Jan
Jan
Jan
113
Jan
113% NOV
Jun
25
124
Jun
28
85%
50 ft Jun
29
33
108% Mar 23
May
19%
,
103% Jan
53%
Jan
82
25
114% May 19
79 Vz Jun
Jan ft
45%
Dec
Dec
Sep
108% Nov
83%
Dec
106 %
Dec
Dec
25%
25
Jan
55
Feb
38% Nov
76
40% May
1
25
Feb
7
59%
Jun
36% Feb 15
24%
Jan
80
Jan
Jun
12%
127
Jun
Dec
12% July
13% Jun
Feb
90
101
46%
26
May 21
15
Jun
6% July
10% Jun
117% Jun
132
Dec
4% Aug
Jan
Nov
32% May
114
Oct
3
107%
Feb
19% Jun 27
11%
Jan
17%
23
53%
Jan
57%
Oct
52%
Apr
62
Jun
113% Jan
58
Jan
74
May 31
119
May 18
112
May
14 Va May
Dec
120% Aug
20
Dec
Feb
2
16% Jun
26
7
Jan
13% May
Jun
22
66
Apr
84 % May
Dec":
15% Nov
24
102
23% May
7
14%
9% Jun
28
3%
Jan
6
Dec
'ft
B
27%
'ft
—
28%
28%
28%
24
ft
25%
25%
25%
39%
,
40
39%
/
24%
40%
28%
28
28%
23%
24%
23%
24%
39%
39%
38
39%
28%
28%
25
39% ft 39%
'
•ft'
20%
*20
20%
*19%
21
20
21
:
'
77
77
—
*37%
,
*25%
53%
77%
38%
37%
77%
77%
37% :
ft.
38
37%
26
*26
28
*27%
28
*52%
53%
*52%
53%
*52%
21%
21%
21%
21%
21%
21%
20%
20
19%
20
19%
20
19%
20
*37%
43%
107%
-'
38%
*37%
44
44
107%
107%
38%
44
108
*37%
44%
*108
14%
14%
14%
14
14%
'40%
*39%
40%
*40
40%
For
footnotes
see
*117%' 119%
119
*116
page
263.
*117%
44%
44%
14%
119%
38%
*38
38%
*108
108%
*39 %
—
Baldwin Loco Works ▼ t C
Baltimore & Ohio
'
13%
-
44%
108 %
14
20 :
300
79 '
100
1,200
38%
>
590
preferred—
Bangor & Aroostook
Conv 5%
preferred
4%
Barber Asphalt
••.
Barker
*117%
40%
119%
Corp
Brothers
27%
53%
53%
60
20 %
20%
6,100
5%% preferred—v
Barnsdall Oil Co
19%
20
4,600
Bath
38
44%
*108
12%
100
38
44%
1,000
108%
50
*39 %
13%
*118
40% ft
:
5,600
120
—
—t—
Iron Works Corp
Bayuk
Cigars Inc_.
Beatrice
$4.25
Creamery—
preferred—
Corp
RR-
Beech
Aircraft
Beech
Creek
'
*40
ftftftf fttftig;
10,600
34,700
5,900
26
28%
53 %
•21
-
*37%
37 %
*27%
53%
79
79
*78
77%
37%
19%
—.
ft
ft
"
21
21
—•
■ftvft 28%
Beech-Nut Paoking Co
13 ft
25% Jan
—100
11% Jan
100 ftftl9%Jan
50
12"% Jan
100
66
Mar
10
30% Jan
No par
17% Jan
—50
50% Jan
5
16% Jan
1
18% Jan
No par
32 % Jan
—25
36
Jan
No par
106 % July
1
9% Apr
50
36
Mar
20
157
Jan
i
221
30% Juh
22
28% Jun 26
31
31
44% Jun
27
2
3
79
9ft.
2
22
44% May 16
31
May
'
Feb
22% Mar
19
23
40
3
25
17
31
110
4"
Dec
23%
;?
Dec.
14%
Dec-1
Dec
{
1
Apr
Jan
9% Jan
60
Jan
68%
21%
Apr
23%
Dec
12'
Jan
is:
28
7
14%
Sep
May 31
14% Aug
25%
Feb
18% Mar
19%
Jan
38
105%
Jun
111
28
7%
Jun
15% Jun
14
40% Jun
6
177% July
6
31
31
111%
14%
|
Dec
34% Nov
Jan.11
44% Jun
j
July
Apr 30
54
25
Dec
13%
9%
ft
22
July 13
28%
5% Jan
18
6
Jun 21
23
I
•1
Dec
i
Oct
J
Dec
j
Jan
38
Dec
j
Jun
121
Nov
J
,Volume 162
THE COMMERCIAL & FINANCIAL
Number 4403
NEW YORK STOCK
LOW
,i;
July 5)
914%
Wednesday
July 11
14%
v.14%
:
22%'
19%
19%
19%
*106
" *105%
107
51
56
*23%
81
-
142%
56 Vz
56%
26%
26%
15%
22%
*110
*57%
58%
105%
59%
59%
27
271'
*125
132%
;
2u
*25 'A
23
*110
?2
113
*21%
*110
132
V 132
39%
27%
28
*131% 134%'
39% 39%
.
38%
8%
vO*74
^"/4
*47%
48%
24%
*51%
24%
52%
47
24%
*51%
J
,13
42%
*42 '
42%
58%
51%
29%
29%
.
57%
*55
15%
52%,
42
50%
29%
.
51 '/a
v/
*104% 107
.
58 /
.
-
58%
27% "-.27%
128
129
39% 7 39%,
39%
39%; 39%
40
*!%«•. §%
t»%
48%
4f% ' 46% >
24
24%
*51% 7 52%'
•
23% < 24%
"5lVt : 52%.;' •"
41%-
12%
42% -43%;
M2yv42%
52*-
*-50l/a
12%^ 12%
42% v43%:.
12%
12"% •
43%"
5iya
26
15%
*46%
25%52y»-
43
41%
'
'V/lt
24%
*51%
12%
•
*21%
22%
*110
113
26'/4 27
59% ' 59%
113
38%'
'
29
26
^
22%
39%
i'J
48%
-
26
29%
429:
29% "
57%
*55
29
58
7
29
58
*55,
51%"
.
*55
42%-
*42%
51 f
-29
51
29
5ft
;
15%16%
85
'
85 %
84 %
16
25%
42
*55
*i
\t
28%
15%
26J/4 26%
*59
60
*105% 107
58% 59%
27%
27%
*.128- 134%
'
*46%
47%
42%
1
*"*>
,
h
82%
144V8
58
82
*141
*56
16%
83%
1
-
38%
*39%
13
42%
13
12%
41%
■
59%
*58%
38%
39%
"8%
v
26%
27%
*58Va
60
*105% 107
28
39%
39%
15%
23%
19%
23%
19J/a
-
28%
15%
28%
15%
2t>
113
27%
:
20
82%
*141
144%
56%
57
15%
22%
j
19% 20
81»A
82%
*141144%,
*56
58
19%
81%
28
38%
38%
24
27%
15%
27%
27%
58%
59
■
105% 105%
*58%
59%
27%
*103%
•
56
*55
56
26
15%
113
26%
•
27
*25
26
22%
*110
?0
5
22%
191/2
106J/a.
24
24%
27
15%
*25
*21%
*105%
51%
24%
55
24%
82%.
V,
*55
55
23%
144'/a 144%
56 %
57
142%
*19
.
56%
19%
81%
201
'
24 Mi
23%
*55
24
19%
80
51%
24%
24%
56
14%'( --d; 14%■ 14%
22% .22%
19
19
*105% 106%
5l%
51%
51%
24%
24%
24%
1474
21%
>
19%
*105% 107 *
51%
51%
24%
24%
919
.
51%
51%
24%
107
' 22%
221
$ ver share
$ ver share
;<<<'<<
15
914%
23%
19%
Friday
July 13
Thursday
July IS
,
$ per share
14%.
22% 1 22%
16"%
16'A
16%
28
28
28%
28 %
24%
24'A
24
24
63%
64 %
64
65
24%
24%
24%
24%
16%
•
RECORD
PRICES
SALE
$ per share
I per share
8 per share
HIGH
Tuesday
July LO
Monday
Saturday
July 7
AND
CHRONICLE
16%
16'/a
•
10:7
9%
16%
9%
10
'
85
83
83%
84
68%
69
66%
17%
67%
18%
18
17%
108%
108 Ma
108 %
108 Va
I
4
18
18%
98
98
25%
*25 'A
32'A
32
*54
54%
1%
7„
1%
6%
*23 »A
.
6%:
237/»
,
33% i 33%
118
*116
*49'A
47%
50
Dec
17'A
17%
12% July
5174
517/»
51% July
*.13
54
*128%
129%
*1281/2
38'A
38 V4
38%
38%
*38 V*
26 %'
26 Va
26%
.
25'/a
26%
*64%
129 %
40 Vt
106 Ma
149
105%
*147%
47%
48
105%
16%
Xl6%
147%
16%
21 y4
X21
21
22 %
23%
6%
48
*105%
10674
"1051/8
148'/a
148'/a
16%
16%
21
21
2374
6%
6%
6%
6%
6%
*11174
112%
112
1674
112%
1 71/a
Vi
*32>/a
331/4
'
17 Ya
17%
16%
16%
*32 V2
33%
*32%
33%
22%
22%
17
17
*32%
331/2
231/a 1
14 74
15%
15%
15%
15'/2
15%
17
17%
4% July
■
114
34%
35
35%
35%
35%
35%
35%
35%
10%
10%
10%
158%
159
23%
1074
10%
159
23%
*35%
110'A
23%
35
36%
110%
*62
65
*
10%
*160
24,
62
*59
16%
16%
16%
521/4
52%
52
52%#?
9%
1074
9%
1074
22%
2374
2274
23%
10%
10%
30%
29%- 30%v:
47%
48%
461/2
72'A
73/
2374
26
26
v
974
10%
4674
60 Va
17
52
;
974
974
22%
231/4
I0y4
lOi/a
30%
10%
30
-
31
47%
455/8
«47%
70%
72'A
7 0 74
71
70%
7iy2
*22%
231/4
221/a
22%
2274
23
26,
2674
26/
26
251/2
25%
52
52
*52 1
53%
*5274
53 74
*52 »/4
53%
*57%
58%
*57%
58%
*57'/a
58y4
*57'/2
57%
*17%
18%
*1774
18%
*1774
1 8%
*1774
19
17%
17Va
774
,774
t
17%
7%
1774
17%:
7%
7%
-
17%-
•>;; 17
7%
7%
111
111%
17 »A
103 74
774
33V2
110%
1121%
111
112%
501%
221/4
*33
33%
*33
*33
221%
33%
3374
50i/4
*33
111%
5074 July
25 '/a July
-
3874
39 Va
106
*10274
/
*186
*97
*99%
lOOMj
*186
57%
3774
41
*56%
100
41
*100
10074
*100
4i%
'
*148%
155
*
41
148.%
155
133
*13374
135
64
64
♦1000
'
64
411A
135
*63%
*1000
36
36
ioi
For footnotes
*56%
101
s?e page 263.
35%
*56%
59
3.774
"
64
107
10074
107
*148y4
133
4874
*
1071/2
59
371/4
3774
.
40%
4174
*1481/4
155
135
135
-
64
--
3 5'A
11$
48%
49%
*107
38%
38
Dec
185
Jun
90
Jun
"115%
Jan
200
*97
*111%
100%
*100
57%
Oct
Jan
51
531/2
lift'
107
107
37%
5274
200
100 **
*4874
107%
Deo
961/2
1074
54
*111%
31%
-
11%
1174
*53%
♦107
NOV
60'A
51%
23%
1074
•
134
24
*1674
10
-30
471/4
Jun
110%
521/4
23
•
3074
22%
•
Jan
9
36%
110%
17
51%
Deo
37%
-
'
61
*1674
v
*23%
*35
11174
61
*16%
10%
23%
*1101/4
Mar
28% Nov
10%
' 160
160
361/2
*35
111%
10%
161
23%
x
35%
110 %
10%
10%
160
160
Sep
15
'
18
34
158 y2
July
12%
14%
34
,
23
*6%
22%
Jun
19% July
,
22%
6%
112%
3374
15%
16%
21
Dec
129% Nov
*111% 112%
*6%
*111%
*32%
16%
21
Jan
106
106 i/a
148
Mi
16%
July
40%
48
*147 'A
6%
17
-
147%
112%
*16%
*47
47%
,47
21 Vt
1674
*21/
23%
1
106 %
*105
149
16%
23
Mar
54
46%
21
*111
Oct
39
46%
149
Deo
152'A-Dec
63%
*105%
Dec
65
-4 5%
40%
46%
Deo
22%
26%
163
62%
Deo
33%
39
67/s
163
Deo
119
671/2
6%
.
Deo
54ya
4,
54 y8
128%
54
-11%
13%
ka
54'%
*128M4
-
59
31%
411/a
155
*' 13574
64
*1000
64
: JL
35%
3,5%
101%
101 y8
-
451/4
jun
109
Jan
96
Aug
53%
Oct
38% Mar
39% July
152
July
146% July
67%
Jun
July 9
$ per
$ per share
42 :
40
39
40
40
"
38%
.
38%
*38
38
*38
7%
7%
7%
7%
104%
104%
105%
103%
100%
100%
*100%
102
101%
*114ya
23
22%
22%
50%
50%
*50%
50%
43%
44 Ve
44 y4
44 y*
non-cum
4%
non-cum
38%
37%
38
700
37 >4
38
38%
8%
104%
101 Vz
182,300
1,500
105%
106
104%
106
*101%
103
*101%
103
117
116
200
23
1,100
*114
44 Ve
17%
17%
1%
1%
1%
1%
108%
109 %'
109%
109%
109%
109%
31%
31%
31%
31 Ve
31 y4
35 Vi
15,000
30
37%
*103%
41/4
4%
31%
31%
30%
4%
32%
32%
29%
*29%
37%
37%
*36%
37%
12
38 V*
5
'
12%
12
12
38%
37%
38
23%
24
23%
24%
29
25,700
.15,300
11%
1,200
3,500
Consolidated
Natural
23%
7,200
Consolidated
28%
28%
29
22%
24%
22 yB
22%
21%
24%
24%
23%
v
!
130
111
111%
111%
111%
111%
28%
28%
28%
28%
28%
28%
28%
28%
*28%
28%
800
10%
10%
10 y4
10%
9%
ioy8
9%
10%
9%
10%
5,500
107%
107%
12%
44
44%
*106%
109
44%
13
12%
12%
51%
51%
51%
11%
11%
11%
11%
11%
11%
31%
31%
31 y8
31%
31%
*33%
19
*50
51
*50
15%
15%
*52%
53 y2
*52%
50%
*50 Ve
50%
*5oy8
50%
15%
15%
*15%
16
52%
53
16
19 %
19%
18%
58%
58%
58%
58%
31%
31
31
•105%
105%
65 Ve
V.
65%
8%
8%
8%
4%
4%
4%
""K
22%
*104
46%
!
46%
100%
100%
50
100%
29%
30
29%
19%
19%
19%
19%
67%
,
; 68
7
•
*28
28%
*29%
30%
293/4
19%
19%
31%
12
Aug
14%
Jun
24
Dec
102%
Jan
112
Nov
25% Jan.
34
3: v/ *33%
34%
*33%
107
*105%
35
69
22%
22%
*120
28%
28%
22%
22%
■
*28%
7%
223/4
223/4
128
*120
29%
*68
7%
7
128
15
*134
69
*68
7%x
7%
:/
15%
136
•134
*120
/
28%
29
2,500
200
■
v.
33%
,
conv
400
15%
15,500
138
20
69
300
37,500
7%
'
23
104
37% Jan
$5 conv preferred
Crucible Steel of Amer
Cuba
Cuban-American
preferred
2,900
14
3
58
May
43% Jun
10
13% Mar
May
8
41%
Jun
25
5%
.49% Dec
Jan
Mar
,1
.
9%
Dec
Sep
33%
Jan
Apr
26%
7
24 %
■vi 31%
Dec
Mar
Jun
26
53
Jun
25
22 % Jan
12
15%
Jan
25% July
60
26
44%
Jan
57
Xl82'/2 Jan
195% Apr
25% Jan
5
104% Jun 29
24
Jan
2
5
110
104%
Aug
27% Jun
111
Jan
Oct
20
Jan
25% July
16%
Jan
32
Dec
7
27%
Feb
39
Aug
7
45
Jan
49% Aug
15%
Feb
22%
5
105
Dec
Dec
97%
Jan
26,
28
Jan
37 V* Nov
Jun
28
69
Jan
89%
34% Jun
18
20%
Jan
29% Dec
X22% Jun
14
11%
Feb
19 '/a
Feb
1
49% Jun
103
147
7
Jun
112
144
Jan
Dec
Dec
Dec
34% Jun
5
22%
Jan
29% Mar
35% Jun
28
22%
Jan
30%
108% Jan
19
■
.38.
101
Dec
109% Nov
Jan
May 18
16% Jun
26
11% Aug
5% Aug
140
July
Jun
26
97
Apr
71% Jun
22
41
Apr
7% Jun
28
4%
Jun
7% Nov
Jun
28
14%
Jun
19 % Nov
123% Feb
21
140
2
7
6
12% Jan
6
Jan
14
105
10
July 2
Jan 31
Mar 26
122% Apr
6
120
Mar
25% Apr
7% July
5
18% Feb
25% May 29
Apr
18 y4 Jan
Jan
1
51% Mar
6
Jan 18
Jan 22
May 10
Jan
2
Jan
2
Mar 27
Mar 26
145y2Jan 23
Apr
1% Jan
46% Mar
Jan
59!/4Jan 16
5% Jan 22
12
No par
25
Jun
41
2
Dec
78
61% Oct
1K43/,
1'84% July
Apr
173%
5
,
May 28
28% Mar
28% Mar 26
29%
105
28
'
9
52%
3
34% Jun
25% Jan
July
5
68% May 10
4
9% Jun
37
47
20%
102%
35%
87'/2
25%
16
Dec
13% July
52
Mar
35% May 21
2
2
Jan
3% Jan
48
Feb
10% Jan
4
20
Jun
19% July
12% Aug
47
16% Jun
105% Jun
6
;
38%
53% Jun
30 >■ Jun 30
103% May 2l
> 58% Jan
2
100
pfd
Cutler-Hammer Inc
;
22
1
A
Mar
10
112% Aug
37
Jan
1
Curtiss-Wrlght
Dec
29%
Oct
-
36
Dec
32% Feb
5
5
12% Jun
24
105% May
22
Jun
52ysMar27
5
4%% preferred
100
Cunningham Drug Stores Inc__2.50
Curtis Pub Co (The)
No par
$7 preferred
No par
Prior preferred
No par
Cushman's Sons Inc 7%
'
28%
47% May
109% Jun
2
13% July
yy
Feb
20
7%
.
30 % Nov
2
47% Feb
5
12% Jan
2
49'/2 Jan 16
17!/2Mar26
Inc.
Press
Class
17
6
16
30
Cudahy Packing Co
Cuneo
13
Feb
'U
4
11% Jun
8% Jan
2
30% Jan 24
29 Vz Jan
2
100
100
10
100
Sugar
.
30% Jun
114
46
No par :
preferred
RR 6% preferred
5%
21
Feb 23
10% Apr
No par
Zelierbach Corp
Crown
15
26% Jun
lOV'AApr 30r
Jan
V:.
6
26% Jun
115
6
5
July 12
No par
5
No par
preferred
$2.25
4,400
;
128
(The)
Crosley Corp (The)
Crown Cork & Seal
v
2
26 Va Apr
8y»Jan
—100
2
No par
preferred
Cream of Wheat Corp
7%
W$.
107
33%
34%
14%
15%
138
400
5,400
34%
*105%
107
34
/
32 3/4
,
5%
26
100
Refining
Coty
400
■
150
31%
*67
,
101%
*145%
150
31%
15
3,300
30
19%
*145%
*134
128
*120
28%
'
x
22%
?•/:
128
*120
68
7
22%
; 22
15% i
136
*134
68
6%
v.
15%
X
136
47%
47
101%
.:
32
*34
35
*33
15%
14%
136
3,600
350
47%
150
*105%
•/-;/•':■■■
22%
100 Va
34
35
*105%. 107
34%
x34%
>.'
*34
v;:
32
100
104
104
32
*145%
150
34%
,
2,700
=
/L'x'X
50
22%
,
104y8
2,700
:
42%*
19%
30
19%
107
22%
36%,.,
46%
30
34%
*491/4
-
100%
47
101
*105
42%
50
*104
100%
29
32
43
500
28
36
36
22%
22%
104 V*
*99
\ *145%
:
36
43%
23%
*27%
28
42%
36%
42%
104
105%
t-
*48%
36
*48%
31%
Dec
490
48%
19%
25%
105%
28
43%
*31
Jan
*io5y4
105%
28
36%
*145% 150
18%
25
48%
46%
28
Co—
43
46
Dec
29% Jun
Crane
36
46
Oct
.20%
6,200
49%
22%
32%
Jan
32%
421/4
104
Jan
11%
31%
36%
'
Jan
24
32%
41%
23
7%
21
28
1
.1
105%
Oct
Jun
Inc.i
Coty Internat Corp
28
109% May 23
40 > Jun
1,200
31%
25%
14% Mar
3,300
105 %
Feb
Feb
3
8%
27%
3%
21%
24
4%
32%
Dec
4% July
19
25
17V4Jan
4%
.
103
31 y4 Jan
V
8%
■
Jun
Oct
y4
32 '
Dec
Jan
8%
,
Dec
31
5% Jun
20
Preferred
140
29 %
Jan
32% Jun
2;
—5
100
25
Co
Works
preferred
Products
Corn
Trust
Bank
Jan
95%
It
104% Mar 10
* Jan
2
3% Mar 23
Dec
21%
20%
5
28
16%
4
105%
104 %
*3,100
Jun
14
8%
36%
22%
V
38
33% Jun
4%
*48%
103%
64%
192 y2
33% May
2
28
Jan 16
11% May 18
No par
Glass
3 % %
150
105
64%
192
191%
Exch
26
Jun
No par
$3 prior preferred
No par
Coppe'rweld Steel Co
5
Conv pref 5%
series
50
Cornell-Dubilier Electric Corp
—1
Corning
29 % Nov
Feb
6'/a
Cooper-Bessemer Corp
Corn
Jan
8%
108%
8%
27%
32
;v.
27%
3,100
24%
16
Jan
4%
105%
105%
31%
26
39% Jun
Jan
8%
■
32%
32
31%
27%
1,400
120
104
65
65
191%
50
■W
58%
31
104%
104%
65%
192
18%
X
Del
of
Oil
Dec
31% Jun
2%
;<•,< 4%
8%
4%
105
65
191%
194
*192
193%
31
30%
*104%, 105%
105%
*105
66
65%
*191%
53%
is y4
-
58%
58%
*58
40
.
1,300
*52%
18%
18%
18%
58%
52%
52%
52%
19
30%
2,400
20%
19
30%
20
*19%
*15%
16
Motors
Continental Steel Corp
34
19%
20 y4
58%
30%
Continental
*33%
34
*33
46,200
95%
Jan
2
12
102%
5
10
1
,—5
Continental Insurance
31%
Jun
1 % July
2
20
Diamond Fibre
Continental
Oct
18%
6% Feb
100
1,300
79
109% July 11
Dec
Jun
108
Feb
105
24
No par
;
11,100
Jan
*
4'% Apr
20
No par
Inc
Can
11%
30%
24
22
108 V* Jan 24
preferred
8%
Continental
51%
50
51
15%
31%
Feb
Jan
49%
43 %
Apr
%
pfd—No par
Corp of America
Continental
11
V
14%
18y2Mar26
V 18 y2 Jan 20
$3.75 preferred
19%
19
19 y4
19
U
31%
34%
*34
34
*33%
11%
2,200
;
13
51
5iy2
ny4
32 y4
34%
.51%
-
Container
$4.50
2,800
12%
13
12%
44
16
26
25
6%
Continental Baking Co
108
♦106
108
Pow
Consumers
800
108
43%
43%
43%
*105
12%
50%
...
108
106%
104
1051/4
109
51
■h
12%
50%
105 y4
107
44%
of
Jan
1% Jun
xl06% Mar 28
-100
pfd
Consolidation Coal Co
RR
Jan
37%
2
24% Jan
No par
Cuba
Consol
39%
13
21
1
Gas_
pfd
conv
1,800
2,400
22 %
24%
*110%
$1.25
1,000
29
28%
22%
24%
Dec
15
Vultee Aircraft
28%
23
27
101
par,
1
37%
22%
,107
Y
23%
24%
*107%
N
No par
-—3
24%
44%,
No par t
—5
of
Apr
29% Jan
No
preferred
Edison
16%
26 % Mar 31
No par
No par
Consol Coppermines Corp
$4.75
:
Dec
14
51
2
28% Jan
V
Consol
•
98%
25% Jun
Jun 26
89
23
Congoleum-Nairn Inc
Feb
Feb
Jan
,_No par
Consolidated Cigar
93
84
Jun
Jan
Dec
97%
Feb
13
15J/2Mar26
-No par
Co
Jan
70
Jun
47% Jun
105
-.—No par
Edison
76
101% July 11
125
5% Mar
3% Nov
108% Apr
18% Feb
39
100
$6 preferred series
Commonwealth
8% July 12
107
May 31
47Vz Jan 24
,„10
37j/4
111
84
Jan
95!/4Jan
21
Jan
No par
—
preferred
$2 partic preferred
Consol Laundries Corp
V 22%
109
par
2
27
9
15
1,200
24%
44%
90y4Jan
par
30%
29
*107%
Deo
30%
22%
111
35 Va
No par
21%
111%
Jan
$5 preferred
Film Industries
29
*111
25%
Consol
24%
*28%
26
700
•
24%
Dec
40..% Jun
2
100
100
Conde Nast Pub Inc.
Jan
Mar 27
1,800
12
$7% Deo.
4 Vb Jan
4ya
24
Dec
Jan
11%
31
"3iy2
37%
23%
i
30
i
No
11%
117/B
36%
,
Deo
Jan
13
35%
107%
5
29%
12%
20
Jan
4%
31%
*30%
19
20
46% Jun
26%
31%
107%
g
5
.:
4%
50% Jun
46% Jun
2
par
Credit
;v
Dec
26
107%
:..
31%
31%
104
4J/4
4%
*107
31%
*103%
104/-..
4JA
31%
38
38%
*103 y4
4%
cr
-Dec
26%
2
No
preferred-.
Sep
116
Apr
2.50
Pictures—
400
*
107%
31%
100
30
37%
104
14%
23
No
Co_
400
29%
31%
32%
*34
35
*34
107%
31%
31%
31 y8
18
30%
*12
11%
23%
41/4
5y8
5
5
32
*103%
4%
108
*107
107
107
37%,
37%
V*i03% 104
104
41/4
*29%
\
109%
109
35
35
36
37%
*36%
$2.75
Carbon
Commercial
3,700
31%
30
109%
115
Jan
Commonwealth & Southern—No par
17%
1%
*35
9
19
38
40%Jun
Commercial Solvents
is y8
1%
36
Jan
$ per share
Apr
Feb
Mar 26
19,800
17%
1%
29 %
29%
25%
31
45,800
18%
1%
31%
*35
Columbia
;
Highest
16
32% Jun
2
28V4Jan
25% Jan
28
100
preferred series A
preferred
5%
4%%
17%
109
31 %
6%
.
Columbian
105
*103
1%
1%
108%
45% Jun
$ per share
2.50
Columbia Gas & Elec—
700
4,600
44%
44%,
44%
105
*103
51
51
51
51
50%
105
22%
22%
22%
preferred
1st
2nd preferred—100
Columbia Br'd Sys Inc cl A
Class B
,L_
30
*114
44%,
44
500
8%
8
100
Southern
4%
110
7%
24
&
■V440
38%
;:
17%
16%
,
50%
*103
105
*103
105
*22%
Colorado
60
39%
38%
■
$ per share
110% Jun
6
23% Jan 23
No par
Corp
iron
46%
:
100
preferred
conv
Fuel &
38%
7%
115
115
115
115
22%
5%
Corn
39
38%
104%
*103
*38
38
7%
*114
39 %
39%
2,500
29%
*45%
46%
*38%
-
34% Jan
1944
Lowest
Highest
$ per share
No par
Collins & Alkman
110
113
29%
29%
*39
41
Year
Range Since January 1
Lowest
,
'
n'fV-46
47
Range for Previoas
.-y.
VV-VV'V- yVPur
600
41%
*41%
*111%
29
29%
*39
42
z.
STOCK
YORK
EXCHANGE
Shares
share
$ per
share
112
112
39%
39
,
per
*41 y4
112
38%
38%
38 %
38%
38 V4
"
40% ;V
*39
•
29 %
*46
47%
41
40
y
,
*111%
^
30
*46%
47
*46J/a
v
29%
29%
29
.
112
*111
$
NEW
the Week
July 13
July 12
share
Sales (or
Friday
Thursday
'
42
42
42%
42%
42
111
$ per
share
$ per
share
■
111
STOCKS
XOW AND HIGH SALE PRICES
Wednesday
Tuesday
July 11
July 10
Monday
Bntnrdny
July 7
Monday, July 16, 1945
CHRONICLE
THE COMMERCIAL & FINANCIAL
24
30% May
7
61%
127
114% May
21 y8
28%
Apr
Dec
Nov
Dec
D
17
*16
112%
*112
113
*40%
43
43%
37%
37%
37 %
13%
23
52%
%
183/8
*42%
43
43
,43%
37%
37%
*23
52
533/4
43
42
42%
*41%
433/a
43
43%
42%
53%
5,200
13 3/8
133/4
13
13%
13,100
23%
23%
23 3/8
23
.*73%
74
74
74
48%
48%
49
49%
36%
36%
36%
36
36%
*74
77
v:x *74
49
53
53 ;,-,Vv
52%
i
36 Vz
*36
*36%
36%
44%
443/4
45
45
47
/y
——
23
23%
23%
23%
23 V*
233/4
23%
23%
v:
*—
54
55
55
553/4
56%
56%
54
55
—
105
105
273A ;
*27
__
*27%
•
273/4
273/4
*44
107
•
*104
273/4
48%
Jan
41%
Oct
39% Mar 29
47% May
5
36%
Apr
45%
Jun
35% Jan
38% Mar 26
32%
Apr
36%
22% Mar 27
26% Feb
19
17%
Jan
22% July
34% Jan
57% Jun
18
17%
Jan
37%
7% Mar 29
16% Jun
25
2
23% Jun
27
Jan
9
48
19
67
Jan
31
36
Jan
23
1,500
.
Diamond Match
6 %
400
47
No par
Reynolds A
partic
1,900
Distil
500
27%
Oct
Dec
28
42
Sep
2
5
13%
Jan
22
60
Jun
26
x27%
Jan
25
109
Mar
95
Apr
15%
Jan
20% Sep
43%
Jan
49
26% May
29
Jun
9
6
.49
Feb
1
17% Mar 26
47
Mar 20
18
-
*48 y2
49%
223/4
23
22%
22%
22%
2,800
Doehler-Jarvls
2
22%
22%
Jan
22%
247/a
24%
24%
4,100
Dome Mines Ltd
No par
22% Jan
2
24 %
24%
4
23
25%
253/g
26% Feb
25
88
87%
88 V*
88
1,500
Douglas Aircraft
No par
18
89 V*
873/4
Mar 26
88%
88 V*
95% Jun
88%
65
88
'
Dow Chemical Co—
No par
122% Jan
4
2
6,500
$4 preferred series A——No par
Dresser Industries
—50c
110% Jan
2.100
Dunhlll
*132
„
136
*111
—
*48%
113
*111
30
-
30%
18%
--
18 V*
—
"
126%
—
'
■
:
V
135
113
113
18%
22
126%
*127
,
y
/•
v
163
29%
19
*127
22%
163
17
17%
163/4
17
603/4
61%
60
60%
23%
*23
177%
177%
*176
195
195
,
233/4
26%
177%
10
57%
263/4
10
51%'
51%
23%
V
176
115
58
26%
10
10%
52
27
,
17%
6%
10 Ye
,129%
■!:
130
27
93/4
513/4
37%
37%
45%
•
■
.
37%
26%
26%
27
22
22
22
*68
106%
footnotes
see
70
70
10u%
page
263.
*106
17%
6%
9%
■■
122
45%
127
300
114%
220
Duquesne Light 5*
177/a
10
51%
17%
.
6%
v.v
17%
17 ya
17%
4,500
59%
60%
5,000
24
23 Ve
175%
19,000
1,300
121%
46
38
37
37
26%
263/4
25%
263/8
22
21%
22
*68
Elastic
Electric
34,600
128%
*106
1,600
70
106%
.
128%
*120
45%
36%
.25
203/4
70
106
131
122
45%
37
900
Boat—
El
Paso
128%
Dec
:
"Mar
6
113
Dec
120% Jan
117
•,
22
19% Jun
21
10%
22
63% Jun
27
33
25% Jun
21
183 % Apr
6%
Feb
14% July
Apr
41
Jan
25%
30
157
Feb
178
2
175
Jan
195
Jan
Dec
Dec
Dec
22
Jan
6
49
Jan
22
61
May
7
41
21% Jan
15
31
May
16% May
8%
Dec
15V4
37%
Jan
45% Aug
10
Apr
15%
4
2
200
Jun
3
12% Mar
9
1
42% Jan
20
54% Jun
8
14
20
18% July 10
8% May
Jan
5% Mar
No par
Electric Mfg Co—.
Johnson
11%
Jan
9
3% Jan
2
7% May 11
10% July
123% July
preferred
5
18% Jan 26
132% July
Endlcott
4#
Jun
3
400
150
Pec
Jun
1237/e
3
Radio &
70
20 V*
162%
Jan
Emerson
14% Nov
8% Apr
Feb
Jan
Emerson
Aug
Feb
103
7,600
113
Jan
—
2,500
Jan
106% Jan
185
Storage
25%
131
137
*' Jan
109
preferred
Apr
4
1
25
—No par
preferred—
$6
Electric
19%' Jun 26'
No par
Battery—No par
Natural Gas_
3
$7
800
72% Nov
May
174
1
Elec & Mus Ind Am shares
Power <fc Light
1,900
1,200
Dec
Nov
par
—;—3
3
Electric
21%
106%
Co__.
Stop Nut Co
.
Auto-Lite (The)
Electric
Dec
27% July
21% May
47
114%
39% Jan
13
105
100
preferred
2,400
1,200
17%
a
Corp——5
38 %
Feb
172% May
129
Feb
2
6
Edison Bros Stores Inc
51%
Jan
155
Jan
33% Jun 25
j
4
9
10
Eaton Manufacturing
10
May 9
114% Jan 17
143
6
113% Jan
Eastman Kodak Co———No
50
24% May
Mar 21
125% Jan
Eastern Airlines Inc
cum
Apr,
20% Jan
100
Eagle-Plcher* Co
Eastern Stainless Steel
6%
27
'12
No par
1st pfd
1,400
63/a
128
70
27
•V;
10%
*120
106%
58%
6%
46
70
195
9%
122
*106
1,300
176
6%
22
70
9%
51%
17%
500
23 y8
9%
27%
106%
*191
27
10
51%
17%
130
37%
176
573/4
27%
,
22
37%
*
58
*45%
*45%
y:
195
*120%
130
,~r
60%
59
63/a
10
.
$4.50 preferred
114%
27
93/4
6%
130%
130
45%
18%
126%
115%
57%
51%
10%
*121%
45
il
6%'
10
123
122
1-
17%
6%
9%
de Nemours
P
127 Va
*191
'
16%
4,300
Du
—1—No par
(E I) 6s Co
20
International
Corp——
Duplan
*127
vv 16 y8
193
513/4
200
163
175%
58
'
163
1763/4
193
21%
22
*23%
58
19%
21%
1623/4
23%
197
*193
57%
26%
57%
233/4
.30
>."•'/ 19%
100
—5
Corp
115
127%
V 17 Ve
60%
59%
115
*21%
1623/4
.
114%
115
>
113
30
19%
700
132
*111
303/s
183/4
163
127%
131
113
303/4
114% 115%
17
*111
*48
131%
183/4
*21%
22
162%
131%
30%
31
18%
162%
160
134%
30%
V.
22%
*22
135%
113
135%
,
49%
17% July
16% Jan
38
22%
49
38% Mar
105
25 vV.
j 22%
—
—
Oct
41%
35%
46% Jun
No par
65
Jun
4
No par
21% Dec
Feb
Jan
6
A
9% Mar
Jan
28%
40% Jan
Cup Co
Class
Jan
29%
33% Apr
preferred---—--—------.100
Dixie
50
49
Corp-Seagr's Ltd
5%
18%
52
3
par
3
-No par
Diamond T Motor Car Co
5%
July 11
Oct
Dec
51% July 13
38% Jan
No
2,400
100
74
—23
preferred
233/4
107
Jan
24
Devoe &
30
Edison
Detroit
54%
27%
28
48%
Delaware Lack & Western
23%
V *104
„
21%
100
50
& Hudson
54
107
27%
*44
5
113
24%
*48
—
For
■
Apr
May
33
10
1,310
78
51%
''
Oct
113%
8
Jan
21
3,800
50%
16%
Dec
•
20
Detroit Hillsdale & 8 W RR Co~100
Vi
50%
Ve
Jun
109 %
10
Deisel-Wcmmer-Gilbert
Delaware
137/a
13 Va
15
par
Preferred
233/4
53
13% Nov
8% Jan
8
Jun
110
1
No
•
38
23%
*104
Co
*23%
13%
105%
&
*37%
23%
5
19% Feb
16% Jan
1
100
Records Inc
Deere
233A
14%
*104
Decca
500
19% Jun
20
400
38
76
,
pfd-
6,800
42
43%
——8
(The)
Dayton Pow & Lt 4Va%
*23
23%
443/4
20
*37%
49
*43 Vi
1,500
18%
114
Davega Stores Corp
Davison Chemical Corp
233/4
*48%
36%
>,
__
200
•
17
38
*73%
...
——
*112
114
*112
14
V
i
18%
18%
18%
114
r,' v/T?x'-
17%
*16
233/s
•V
14
23 y8
16
*112
24
*23
523/4
513/8
——
43 Vb
24
*223/4
18%
114%
,
*41%
;
;
43
XV
——
18%
16
18%
■17%
*16
,
18%
18%
:
Phonograph
Corp__
_4
_5
..50
—100
44% May 22
50% Feb
34% Mar 21
40
22% Jan
29% Jan
9
20% Mar 27
62
Mar 26
104% Jan
3
25
May
Mar
71% Jun
107
Feb
2
3%
5
5
16
39%
Apr
7
27%
Feb
18
78
Dec
Dec
6%
Jan
Sep
Dec
Oct
5% July
3% Nov
81%
Sep
52
24 %
114
103%
Apr
Apr
.
Dec
Dec
47% July
34% Nov
15
Sep
22% Dec
57%
.Tail
68%
Dec
101%
Jan
108%
Jun
6
23
26
Volume
162
RECORD
NEW YORK STOCK
0;..V--
LOW AND HIGH SALE PRICES
Saturday
July 10
2 f per share
:yt per snare
July!)
July 7
$ per share
g per share
$ per
share
EXCHANGE
the Week
July 13
July 12
Range for Previous
STOCKS
■
NEW TORK STOCK
Sales for
Friday
Thursday
Wednesday
July 11
Tuesday
Monday
V
257
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4403
w
26
26
26%
26%
105
26%
105
105
105%
106
>105%
109
107
107
*106
108
>106
108
108
108
"
1%
1%
1%
1%
1%
17%
18
17%
84
84
84
*89%
*89%
95
14
0/14%
50%
>', *89%
14'/a
14%
14%
14%
19%
19%
19%
19%
50%
50%
51%
6%
6%
6%
6%
51
30%
15%
51%
K
52%
52%
52%
30
30
30
16%
15%
21%
*35%
16%
22%
108%
36%
22
*107
22
108%
36%
*26
27
26%
12'
12
12 Va
36
37%
37%
38%
'106
106%
106%
106%
27%
273/4
27%
1
52%/ 52%
/
59%
593/4
*107%
1083/4
47%
53
53%
59%
59%
' *107% 108%
47%
47%
29%
29%
291/4
29%
*108
107Va-
107%
473/4
110
47%
471/2
*46
40%
401/4
*40%
*9%
9%
9%
68%
'
40%
9%
70
*46
/
68%
69
70
20%
20%
20'A
20%
66
*64%
66%
64
37
37
*37%
38
37%
26%
26%
*26Va
17%
*135
17%
17%
139%
*135
38%
.51
121
*26%
8%
8%
8
6%
6%
39
39%
51
51%
120% 121
6%
*15%
*17%
18%
*18
70
*67
70
8%
8%
27%
*26%
*59%
60
*59%
16
15%
107%
107%
107 %
54%
54%
9%
9%
*180,''i
185
♦180%
185
8%
105% July 12
87
Jan
104
Dec
5
107
July 11
89 >'
Jan
105
NOV
1
109
July 12
107
59%
15%
16%
107%
53%
180%
185
31 %
*169
44
43%
45
4%
4%
4%
4%
43%
43%
44%
•/
*169
171%
43
44%
///'
4%
9%
3,600
200
135V2
171
45%
4%
4%
4'A
4%
6,600/
4%
150
*143
150
*143
150
*135
137
*135
136%
*135
136 Va
100
131%
*130
*143
*130
131%
130
130
130
130
*129*
130
120
*60
60%
*60
60%
67%
127 %
128
*127%
127
*60
68%
67%
68%
67%
127
68
67%
127%
60%
67%
68%
128
*127%
127
60%
*60
*60
68%
20,400
127 %
400
18%
*27%
14
.107%
17%
18%;
18%
19%
18%
19
181/4
27%
27%
28%
28 V8
28%
28
28%
28
2'8
%
1,900
14%
*17%
14%
14%
14%
14%
14%
14%
14%
14%
4,600
*107%
3%
107%
.*3%
3%
32%
32%
*131
4%
■
33%
25 Va
25%
23%
23%
108
109
108%
108%
32%
4%
4%.
99
23
21
*131
134%
4Va
25%
25%
108%
33
'
'
25
*3%
3%
33
>•
*131
134%
4
33
*107 y4
108
33%
33
108
*107%
3%
108
3%
3%
33
33
135
33%
4
25%
%
24
108%
32%
30
30
j 1,100
540
30
30
110
29%
*109
112
•105
112
♦105
30%
29%
29%
*108 %
*105
*29%
30%
*109
110
30
*105
112
29%
112
*105
29%
30
*29%
110
301/4
30
110
*109
*109
16%
16%
16
X25%
*99
26
26%
26%
26
16%
16%
100
*99
100
99
99
100
100
*99
26%
16'A
16%
16%
;
*
97
%.*97%
29%
30
29%
30%
29%
29%
29%
54%
54%
54
54%
54%
4%
4%
58%
58
57%
54%
54%
110
*109%
58
19
18%
18%
7%
7%
7%
57%
57%
*102%
54%
54%
53%
110%
110%
/ ' 7Va
7%
19
7%
7%
,
T:
7%
50
54
54 Va
110%
300
18%
19%
900
■
v;, 7%
7%
36,200
800
15
6%
Jan
4%
Jan
11%
Jan
114% Jan
22
139
Jun
25
81%
Jan
32 % Jun
26
25 %
Apr
100
156% Jan
4
par
377/aJan
24
par
40
Feb
1
par
par
par
3% Jan
2
134% Jan
4
148
113
6
139
100
129
10
-No par
No par
125
6
-
19
27% Mar 20
Corp
A
No
Equip Corp
.•
par
16%
16%
52
52%
31
30%
31
*170
172
*72
57%
;
79
*72
79
58
*58
*171
172
58%
/ 172
:
*72
58
16%
172
16%
16%
51%
52%
*30%
30%
1171
*72
79
X57%
57%
1% Jan
1.100
25%
25%
25%
25%
25%
25%
105%
106%
*105%
106%
*105%
106%
41%
41%
42%
40%
41%
41
16,200
7%
207
7%
207
8%
7%
210
209
8%
211
8%
—
—100
23
106% Apr
27
5
pfd—
26
Jan
2
100
Rubber Co
&
cum
$5
212
,y
26%
27%
27%
28
257/s
26%
76
77
77
77
78
78
55
55
54%
55
54%
54%
37%
*35%
37%
27
♦26
27
19
19
37 !A
*35
26%
26 %
*26
19
19
*35
19
*10511
106%
*108
108%
22%
22%
footnotes
see
22%
*148
*148
For
105n
*108
page
263.
.
105§g
108 Va
23
105S!
*108
22%
*148
19 Va
preferred
conv
Gimbel Brothers
%. $4.50
preferred
Glldden
4% %
(The)
Co
preferred
conv
tGoebel Brewing Co
Gold & Stock Telegraph Co
107
Jun
15
$5
13Vb Mar 27
17% Jun
90
Mar
9
100'A Jun
par
21
Jan
par
X97
216
240
216%
8
$5
54 /■'
53%
53%
6,000
Gulf
*35%
37%
*35%
37%
*26
27
*26
26%
19
19
19%
53%
'-
19
10511
*105 55
108
*108
108%
24
'.■23%
32
May 10
57
May 16
45
105 55
*108
23%
*150
100
1,100
105 55
140
10«%
23%
2,800
Hall
12
85%
31% Jun
25
53% Jan
10
63 % Jun
25
Apr
20
105% Mar
6
49% Mar 26
x57% Feb
15
102
4% July
Dec
52
Aug
4V8 May
175
Dec
Jan
"Feb
54%
Jun
98.-
Jan
104 %
Nov
36%
Feb
51%
Dec
40
104 %
Jan
112Va
Jun
8%
Jan
17%
Oct
2
8 Va Jun
26
1%
Jan
4% Jan
2
6
Jun
20
3%
Jan
18% Jan
3
23
25% Jun
27
19%yJun
5
15% May
9% Feb
22
54% Jun
22
32%' Jan
M S & P—
^
——10
———-20
Co_-^
preferred
Iron
Ore
—5
.
No par
No par
City Steel
(W T)
5% Jan
1
Motors
14Vs Jan
>36% Jan
Oil
Corp
Refrac
preferred——
23%
Jun
25% Mar
1
14%
Dec
17%
24
25%
Jan
28 Va Jan
2
24%
Jan
30
Dec
143%
Feb
JL63
Nov
55% Jun
26
32% Jun
26
Jan
20
May 25 i
72 " Jun 22
52% Jan
25
63% Apr. 24
43%
Feb
2
28% May 28
108% Mar 13
24
57
.
5% Mar 26
167
/
100
26
14% Mar 27
58
Jan
49% Jan
23
8% Jun
82
Jun
26
14
6
57% Mar 16
Jan
2
39
Jun
22
2
29
Jun
8
15% Jan
2
,105% May 18
107
Feb 28
18% Jan
2
154
Feb
17
11
3%
123
216% July 13
30 Va Jun
22
Mar 19
67
May
.
Dec
Dec
6%
Aug
Dec
Jan
*16% Way
33
Jan
; 62% Dec
42 V4
Sep
6 V4
27
Apr
50%
11%
Apr
102
Jun
138
15%
Dec
33%
lite
"
22'A
15% Mar
2
Apr
Feb'
Dec
189 Va
.
Jan
110% Jan 12
24
July 12
155
•
32%
Apr
Dec
~16% JUly
111
Apr
12
Dec
24 % July
105%
:Apr
106
110% Jan
55%
„
/
105% Dec
2
26
20% Jan
33
No par
Jan
44 Va July
Nov
49 V8
Feb
19Va
64
175'
12
preferred——— —
-100
pfd—No par
Harbison-Walk
10'
28% Jan
No par
Dec
24%; Jan
17% Mar
23% Jan
10
July
2
104% Jan
Water.
Printing
Dec
16
42%
28
—1
No par
23
19'A
"
.
Jun
22
161% Mar 16
100
preferred
preferred
Aug
5% July
"
No par
100
No par
7
46VaJan
Western Sugar
Aircraft Corp—
112% Mar
14% Jan
■a
Prop—No par
Hanna (M A) Co $4.25
6%
165% Jan
1
25%
Jan
8
Go
Hamilton Watch Co.
6%
5
5
25 Ve Feb
"
Apr
2%
2
Dec
14
Hackensack
.
Jaii
18 y4
4
July
Dec
•; 22% Dec
2
2
Gulf Mobile & Ohio RR_— -No par
600
Jan
21% Jun
Greyhound Corp (The)—
4JA% preferred——
8,500
Jan
11 Va
25% Jan
—
79
69
52 % Jan
3% Jan
16%
90%
Jan
13
50
1
100
10
pfd—No par
„No par
Preferred
100
Green Bay & West RR—
100
Green (H L) Co Inc
1
27
7%
16
29
par
149
Dec
12% Mar 26
Grand Union Co—
26%
100 % May
July
26%
16
107% May 19
Granby Consol
*76%
Apr
Dec
No par
Graham-Paige
79 Va
2D
27
/ 31% Dec
preferred—No par
4,200
27%"
23
8
Oct
Hosiery
Guantanamo Sugar—;
26%
Nov
4'A
convertible
Gotham
Grumman
*76
32% Feb
109 % May
par
(B F)
.mo
"
35% May 22
111
Mar 12
par
No par
$5 preferred
1—■—.—No par
Goodyear Tire & Rubb—_—No par
Co
9,400
211
211
*148
-
40%
108 Va
23%
No
No
No
No
No
Safety Razor
Gillette
25%
8%
2% July
Dec
31 Va
124
Feb"
Tire
105 y8
7%
Apr
Apr
Apr
112
19%
preferred
General
39%
8%
1V4
19%
2
Nov
Dec
25%
:-■// 8%
6
Jun
11% Aug
107%
110%
105%
40
3% July
Mar
37
132% July 13
23%
Oct
:
Jan
40%
25%'
105 Va
10
106
3
Jan
106%
25%
*
24
Feb
28% Jan
Great Northern Ry 6%
*
3
28% Jan
20
Mar
Sep
Great
79
Jan
6
Jun
16
19
1,900
57%
Apr
6%
30% Mar
110
74 Va
3,900
57%
18%
2
7
13% July
22%
9.900
*72
79
58%
Jan
16
16%
'
4%
18
52%
70
19% July 11
34% Jun
16%
v
16
116% Jun
5%
172
Nov
Jan
:
Mar 26
52%
172
Oct
56 %
123*
10c
-30% .30%
171
130%
Jan
7
25% Mar 29
Great Nor
53
Jan
36%
70% May
130
99
1,100
16%
125%
25
9% Mar 27
Corp
20
Time Instrument Corp—No par
Grant
30%
Feb
6
61% Jun
3
-1
preferred—No par
Granite
52%
July
51%
Mar
11
May
22% Jan
Telephone
200
16%
66
Sep
General Shoe Corp
3,000
52%
Nov
140
Gen Steel Cast $6
25%
31
Dec
134%
Sep
Nov
;17%
16%
120
Mar
Mar
19%
5%
30%
Jan
6
128
Jan
17%
51%
115
102
14%
25%
22 Va
22
28
27
5%
49
Jun
Jun
24% Feb
17%
*22
Dec
3% Aug
22
25%
*48%
Feb
Jan
5%
22%
134
•
2%
43% July
19
*24%
47%
22
Dec
40%
25% July
5%
47%
22
Nov
4% Jun
Dec
29% July
155
Apr
17%
*22
Jan
40
124
.Feb
5
Dec
7% July
Dec
Jan
106% Feb
No par
100
4
35
48% Jun
19%
22 Va
Feb
44 Va May 29
Nov
10
—1
Service
Apr
140
Oct
9% July
53
62
No par
No par
10c
Jan
May 31
172
■
161
Nov
25%
22%
54 %
/.:■' ■
3V4
5%
471/4
Jan
Feb
19%
17%
47%
Apr
7%
14
*24%
*22
41%
143
26
5%
22%"
Dec
5% Feb
17%';
47%
16 %
26% Jun
25%
47-
Feb
3
17%
'*22
Dec
10%
24
*5%
22%
Dec
58 Va
7
Jan
25%
47,
23%
Jan
Jun
Nov
3% Jan
5%
46%
Feb
51
66
21
17%
*22
13'A
5% July
No par
24%
vt,
Dec
27
Apr
26% Jun
preferred
5%
5%
7%
22
General Refractories—"
17%
17 %
Jan
Mar 21
Gen Realty & Utilities
*23%
0
Oct
4%
22
Goodrich
2,600
•
62%
9% Jun
22
2,900
57 Va
May 16
11
76
17% Jan
Goodall-Sanford Inc
103 Va
Dec
18 Va
Jun
3,600
28%
57%
*110%
19%
*18%
1,700
4%
152
*102%
it
54 %
1)0%
19
400
4%
103%
*109%
I:
110
109%
58
103%
3,100
54%
28%
28%
28%
400
30 %
*150
150
150
98%
*54
4%
4%
29%
*102%
54%
54%
151
28%
58%
:
4%
*149
29%
-*102% 103 %
103 Va
*102%
4%
151
28%
29
28%
4%
4%
151
152
*149
1,300
25%
29%
54%
99
*97%
200
98
29%
55
5,900
18 %
Sep
1
Railway Signal
6 %
4 %%
16Va
Dec
15%
28
$4.50 series A preferred
4'/4 °lo
100
16%
19
10% Mar
Common
30»A
25%
25%
25%
*54%
X97
*97%
16%
100
12
20% Apr
49
'
*98
18% Jan
9
37
Gen Precision
Gen
900
Dec
6
180 % Jun
General Printing Ink
1,700
30
17%
12% Jun
Motors Corp
General
110
Jan
22
Outdoor Adv
3,000
112
Jan
2
No par
No par
preferred
$5
32 'A
'
29%
General
50
23%
2%
12%
.t
2
preferred
5%
6,900
111
19
20
31
No
No
Gen Gas & Electric A—_——No
$6 conv preferred series A-No
General Mills——
.-No
4%
32%
7% Jun
18% Feb
Jan
FonH*
General
132%
108%
July
2
Jan
General Electric Co_
4'A
*23
7
Jan
Jan
Jan
Apr
6
8 % Jan
//"7% preferred—it
132%
32%
.Dec
Sep
Dec
July
Dec
Sep
2
Jan
14% Apr
16% Mar
Cigar lnc„._
Gen Public
23%
2%
27
Jan
preferred—;
100
——No par
cum
Gen
1,800
25%
17%
135
36%
447/e
116
Jan
Jan
6% Jan
160% Jan
A
3,400
110
32
Class
Bronze Corp
1,400
>25%
Dec
Dec
July
Mat'
Nov
Deo
Dec
4% Jan
16
No par
——9
preferred
$8
3%
25'A
__
42'A
33%
8%
58%
16
69
29
Jan
Dec
May
Aug
20
13%
70
30%
29%
103"
July 2
26
33 V4
25%
23%
109
32%
108
17% Dec
105
Aug
27% Nov
24
Dec
10% Aug
32
Dec
108
Dec
27% Aug
53% Nov
57% Dec
109
Jun
44
Aug
26% Jun
11% May
63 Va Jan
16
Jan
Jun 15
May 9
OVaFeb
44% Dec
47'/a Dec
14% Jan
~-
34%
24%
5%
43%
Jun 15
56% Jun
.3%
•;
4%
25%
20
— ,
Apr 25
Jun 5
3
Baking
2 32%
135
*131
4%
*1071/4
7,200
18%
Jun 20
May 10
Mar 7
May 7
May 9
Jun 22
Apr 18
Jun 11
May 4
May 14
Mar 3
Jun 11
May 8
Jun 27 May 16
Jun 13
Jun 26
Jun 26
May 7
53% Jun 2
123% Jun 4
42% Mar 26
Jan 17
113
5
Transportation
Amer
Gen
60 %
33% Jan
21% Jan
9% Jan
14% Jan
100
Jan
19% Apr
17
Apr
5
Jan
22% Jan
93
Jan
17
Jan
45
Jan
38% Feb
103% Apr
35% Jan
18% May
May 8
Mar 7
Jun 27
18
7%
150
Dec
108 Va Jun
General
137
6%
18
580
*135
Jan
104% Apr
$4.50 preferred
700
*143%
2%
26
134%
136
136;
2
16% Jun
133%
4,300
Jan
6
22
1,900
45%
Deo
12 Va Jan
32%
44%
Dec
47%
—50
—-i
100
31%
44%
Oct
17%
Jan
64% May
31'A
44%
13%
Apr
31
General Cable Corp
50
Apr
2
General
23,400
6%
9%
21%
2
General
44%
12
22
Jan
Gen
171
15% Jun
21% Jun
57% Apr 28
7% May 5
Jan
3*500
43%
2
24
58
2,300
*169#
Dec
24
23
10 y4
44 Vb
Dec
11% Jan
1
23
171%
Aug
5
10'A
43%
Dec
84%
Inc
22%
*169
44%
70
Feb
7
1%
15% Jan
ho par
No par
Wood Industries
1,900
30
Jan
78%
Jun
Gaylord Container Corp.
5 Va % conv preferred—
Gen Amer Investors—
Gar
180%
30
46%
89
2
10%
29%
84% July 11
27
16
23%
135
19
667/8 Feb
180%
29%
14
42% Jan
—20
Co
22%
X135
30
Jan
// 7% Jan
5,400
60
Apr
9%
20
10
180%
%
22
Jan
1
(The)
Co
Gamewell
54%
150
*143
6%
31%
♦
Jan
20
68% Jan
86
Dec
92%
2% Jan
20% Jun
.
May 21
12
No par
cl A
(Robert).
preferred
(The)
10%
,31%
&
*107
54%
9%
30
16 V4
107%
15%
x9%
32
43
59%
*58
54%
10%
171%
400
9%
23
42%
3,100
54%
.
10%
171%
'
-
107%
*107
8%
2 6 Va
1
12V2 Jan
i—1
.—100
$3 preferred
8%
Feb
104
50
5
8
3
2.50
Inc
Gardner-Denver
26%
8%
27
59%
23
10 c;
Gair Co
19
16%
54%
*29%
Gabriel Co
4,900
Dec
4
5
Jan
„
1,300
17 %
Jan
Jan
16
.
7%
6%
69
par
par
par
par
par
100
Fruehauf Trailer Co
4%% preferred
8%
14
27% Jun
Highest
f per share
100% Jan
1
No
No
No
No
No
Fairbanks Morse A Co
No par
42% Jan' 2
57
Fajardo Sug Co of Pr Rico
20
25VaJan 4
33%
Farnsworth Televis'n & Rad Corp_l
12% Mar 26
16%
Federal Light & Traction
15
17
Jan 5
22%
$6 preferred
No par
104
Mar 28
109
Federal Min & Smelt Co
2
25% Jan 2
38%
Federal-Mogul Corp
5
23% Jan 5
32
V Federal Motor Truck
No par
9% Jan 22
13%
- Federated Dept Stores
No par
28% Jan 23
38%
4%% conv preferred
100
103
Jan 22
107%
Ferro Enamel Corp—_
1
23% Mar 27
29%
Fidel Phen Fire Ins N. Y„
10
50
Jan 2
60.
Firestone Tire & Rubber
-25
53% Mar 26
64
4%% preferred
100
105% Apr 26
110%
First National Stores
No par
42% Jan 2
51%
Flintkote Co (The)
No par *4 23% Jan 16
33%
$4 preferred
—-No par
107% May 14
110
Florence St.ove Co
No par
41
Jan 4
.48%
Florsheim Shoe class A
No par
30% Feb 2
41
.... Follansbee Steel Corp
-10
6% Mar 20
10%
5%' conv preferred
—100
47% Jan 24
75
Food Fair Stores Inc.
—.-1'
15% Jaft 13*
21%
Food Machinery Corp
—
10
x62
Jun 11
80Vb
Foster-Wheeler Corp
10
25
Jan 24
41%
6% prior preferred
.25., , 25' Jan 4 -27
Francisco Sugar Co
No par
14 Apr 10
19
F'k'n Simon & Co Inc 1% pfd—100
118
Mar 9.146
Freeport SulphurCo
,
10
34 Jan 5
41%
400
190
*67
60
16
30%
40
4,800
10
1,200
:V-
Engineers Publlo Service—
$5 preferred
'
$5'/a preferred
$6 preferred
fEquitable Office Bldg
Erie RR common-V
5% pref series A
Erie & Pitts RR Co
;
Eureka Vacuum Cleaner
Evans Product^ Co
Ex-Cell-O Corp
Exchange Buffet Corp
51V2
120%
*18
8%
*59%
1/.
26%
17%
135
39
19
•
*26%
10%
30%
38
70
■
26%
23
30%
400
900
1,500
64
600
10%
135%
280
20%
15%
22%
29 %
46%
40
9
69
Vi 15%
10%
135
*
600
200
400
im}: 3,800
.
:
100
100
300
' <
900
58%
107%
473/4
29%
109
15%
22%
*31%
100
800
2,800
4,200
230
2,500
1,600
15%
22 %
*31%
1,300
1,300
14,400
1,100
15%
10 H
32
'
1,100
8%
*180%
900
18 VB
26%
9%
1,600
*17%
♦67
*107
:
6Va
18 Va
*18
10
—
2,600
1,000
19%
18%
19
54 %
9%
95
18
70
27%
54%
6V4
*18
.16
*107
7%
6%
*67
.
60
15%
7%
6%
*15%
9
8%
*26%
7%
6%
18
19
•67
8
6%
16
16
*15%
27%
27%
"
52%
52%
*58%
59
58%
*107% 107%
107%
*47%
47%
-*47%
,
29%
29%
29
109
109
•109
46
46
*46
40
40%
*39
9%
9%
9
68%
68%
68
20
20
*20
64%
64%
63%
37%
37%
37
.
*26y8
26%
*26%
17%
18%
:
17%
*135
139%
135
39
39
39
*51%
52
51%
*119% 120%
120
.
600
11%
12%
37%
37%
*105% 106
27% 28
*52%
53%
7%
•
1
18 Va
18
18
18
18%
139%
.
8%
6%
26%
17%
*135
26V4
17%
139%
39%' 39%
51
51
121
121
39
50%
*120'/a
20%
64%
38%
106
.
/
26
26
12%
37%
106
37%
17,000
18 Ve
51
29%
15%
26
26
,12
.
6'/a
•
60
25,900
51Va
29%
16
*21%
22
*107% 109
*35%
36
51%
29%
16%
22
22
*107% 109
36
36
15%
69
*20
66
;V'*
51
29%
30%
16
22
V<v
2%
50%
50
6%
6%
80
=
14%
14
*18%
■
51
*50
*21%
*107% 108%
*35%
36%
26%
26%
12Va
12%
37%
37%
106% 106%
27%
28
52%
53
59
59
*107% 108
47
47%
29%
29%
*109
110
*46
47%
*40%
40%
9%
91/2
26%
12
27%
.?• *89%
141/4
15%
*35%
*89%
95
17%
70
-
83% /83%
v,.
95
19%
30
*106%
84
1%
17%
84
50%
6%
*51%
17%
84%
19
50%
6%
17%
84 %
141/8
18%
18%
;
95
110
1%
1%
n.200
110
*106
109
-
106
*106
•
17%
181%
*82V4
107
108
'
26%
*105%
105%
105%
>105%
1%
25%
26%
26
105%
106
I per share
102
•
25 %
105
1044
Lowest
$ per share
$ per share
Par
Shares
$ per share
Year
Range Since January 1
Lowest
Highest
:
V; f?Vy
JUly
109
Dec
Apr
21
Jan
152
July
Dec
"
THE COMMERCIAL & FINANCIAL CHRONICLE
RECORD
NEW YORK STOCK
Monday
Baturjdajr
July 7
I per
LOW AND HIGH SALE PRICES
•••
Wednesday
Tuesday
July 11
July 10
July 9
share
t per
shbire
:.vr't
35 %
35%
35%
10
112
:
9%
112%
12%
*25%
79%
*75
*185%
*74%
l
29%
89
'
29
*
88%
88%
133%
134%
134
134
80 y8
*78%
*129%
*31 %
*78%
88%
89
32
Hercules
89 >4
6%
-137
*135
*31%
32
24%
*23%
131
*31
$4
300
24%
24 y8
24 y8
24%
24%
47
47%
49
49
49
49
48%
*18%
19
18%
18%'
18%
48V2
18%
28%
29
X28%
28%
27%
281/4
*116%
117
*116%
18%
19
28%.
28 Va
*116 y8
*116%
117
117
55%
*45%
56%
55%
46
46
46 Va
21 Va
21
21%
21-
21%
21%
21%
20%
26
26 Va
26%
26%
26
26'/a
25%
26 Va
25%
109%
109 %
"108%
110%
*108%
109%
108%
108%
107%
78%
78%,
*78%
79%
79%
79%
79%
80 y4
80%
3,700
81
15%
15%
15%
15%
15%
15 7a
15%
15%
"
39%
39%
6%
38%
6%
*5%
6%
•
20
20
30 Va
30%
30%
.
%
,
5 Va
5
36%
28%
4%
5
■:
36%
36%
37%
38%
38
36%
68%
70 v':-
*69
70
69
89 %
89 Va
*89
90
89 Va
Z
45
107
36%
36%
36%
26% '
*25%
25%
*25%
46%
46%
45%
107
*104%
f
;
37
*104%
113%
i1
*iny2
*171
'
:
93
yj
12%-
13
11 5
;9'/a
9
•'al
45%
108 %
"
21%'
85
*
116%
5%
108%
34%
34 Va
34%
17%
17
92 Va
92
42%
42%
43
41%
122%
*117
170
27%
*10,600
99%
16%
16%
91%
91
91
■
41%
*43
93%
*117
122%
*117
122
*117
145
*137
145
*137
28
27
27%
26%
27%
27%
27
41%
41%
41%
28%
:
'■
27%
28%
28
27 y4
28ys
ii 28
24%
25
24%
25 VA
*24%
25
27%
24%
*24%
International
24%
24%
*23%
24 Va
*23
24%
23%
23%
38%
38%
*38
39
28% v'
24%
100
International
7%
—«...
.
*38%
*38%
39
38%
*148%
*148%
*148%
♦148%
*148%
__
77%
Dec
8
Jan
22
Dec
jun
8
6
-
:
200
15 preferred—
__
';'Zv
V
Apr
Nov
6
6%
Jan
Apr
5% July
?a% Mav
154% Feb
7% Feb
Oct
Dec
8% July
10% July
188
Nov
7
67%
Apr
82 %
27
165 Vz
Jan
180%
Dec
2
1%
Jan
3%
Aug
7
15'/a
Jan
18%
Jun
65
Jan
80
Dec
85% July 12
2
8%
40% July
105 V2
Jah
6%
12% July
4% Jan
1
6Va
Dec
Jun
5% Jan
2
Jan
24
Feb
23
140% May 22
19% Jan 26
30 % May 29
13 Va
Feb
21 Va
Dec
99% July
66
Feb
94
Dec
19% Jun
9
21
Jun
20
28%
...
129
84% Jan
36 % May
26
:
Feb
39
7%
Feb
12 Va
Jan
92
Jun
39%
Jan
47
Aug
2
42 V* May 31
35 Vz
Jan
43
Sep
93
Dec
2
134% Jun
139% Jun
56% J an
1
19
5
,
Oct
68%
Jan
92
136
Jan
5
137% Ap,
<
130
32% July
Apr
47% May
98
Mar 27
42% July
25%
8
9
9% Mar 26
79
117
Jun
Feb
135
Oct
Dec
18% Jan
2
31% May
11%
Jan
20
18% Jan
2
31% May 7
25% May 18
11%
Jan
20% Aug
20% July
17% Jan
2
15
Apr
19% Jan
24
26% Apr
24
15
Jan
36% Mar 27
-No par
I
Island Creek Coal
29 Va
104
21
90% May
2
75 34 Jan
Sep
Aug
Va Feb
187
Nov
165
8
23
111%
Dec
X87
Apr
195 Va May 19
Oct
42% July.
106%
9% May
7% Jan
11
Dec
Feb
11% Jun
19
Jan
71 %
9 % May 25
50% Apr 27
4
17
Jan
Aug
Mar
158
109
3
2% Jan
Jun
88%
9
14% Mar
20%
Apr
35% July
100
15
May
No par
No par
No par
Corp__
Intertype
15%
26% Jun 27
49% May 17
Jun
:
par
100
200
39
Jan
94
-50
Silver
preferred
-
*38
46
174
-No par
Teleg—
Foreign share ctfs—
Interstate Dept Stores
1,300
.
—No
Intern'l Telep &
1,800
:
27%
*27
Dec
56
122
No par
-—100
International Shoe
41.500
24%
24%
*23
Nov
23%
Jan
2
15
100 "
Co
Salt
300
'
27 y4
Paper
conv
800
145
27%
145
2.200
41%
121
.
32%
Jan
2
—1
preferred
Inter Rys of Cent Am5% preferred
5%
Z-Zf/,/. 320
45
*43
.45,
Feb
10%
25 %
109 Vs Mar 16
74% Mar 21
:—No par
——100
—
International
1,300
99%
17
91%
45
Preferred
137%
16%
24
1
26
5
Chem.
&
Int Nickel of Canada-.
27%
98%
Aug
Jan
preferred--——-100
International Mining Corp
15,100
*137
123
*137
34%
4%
.
1,500
17
41%
41 Va
145
400
6%
al37%
27%
6
7
2
6
8% Jan.
37% Jan 25
100
Dec
Jan
37% May
11% Mar 26
—25
International Min
3,900
86
92 Va
*43
43
"
6,800
6%
99%
'
Va
—
Hydro-Elec Sys class A
Preferred
Jun
1%
5 V2 May
2
178% Jan
July
16%
Feb
173% Jan
13% July
Feb
24
No par
70% July
37%
8%
82
104% Jan
Feb
May 19
166
100
Jun
18% Aug
28 V8 July
104% Jan
par
,1—No par
preferred
Jan
No par:
34%
137
39% Jan
45
Jan
63
26
International Harvester
Int
13%
Apr
47% July
May
Mar
34
22
tnfc Business Machines
21%
21%
*85%
-
17
17%
92%
27
Jun
19% Jan
117
Jan
42
Dec
22%
6% Mar 28
4,000
39
Aug
32'% Feb 28
8% Mar 26
270
91%
98%
99%
99%
17%
91%
136 y8
27%
38
'
6%
136 Va
18% Jan
105
Oct
115
25
No par
5%
5%
5%
Jun
No par
186
186
185
91
Interlake Iron
400
:
86%
Dec
Jun 26
72% Jan 24
Interconfl
190
86
87%
19 Va
28
20
Rubber
Jan
2%
Apr
7,400
•
13%
11%
76
1,400
11
Nov
42% Jun 26
1
Interchemlcal Corp
4%%
7
190'
190
Insuransharns
Sep
21%
Jan
3
Ctfs Inc
300
600
9%
45
1081/4
,47 Va
Jan
6
30
Inspiration Cons Copper-
10 Va
85%
27%
4,700
7
7 Va¬
il,
22
*135
1,200
13%
45
6%
Z
93
*106%
Steel
Mar
13%
.
Jan
24
No
Co
Inland
*9
9%
45.
85%
27%
Ingersoll-Rand—
6% preferred-
:
J.
V 36%
1%
47% Jan
No par
—No par
100
13%
21%
136 Va
.
23 Vz
25
19% Jan
No par
92%
W
6%
27%
400
172
Jan
Feb 21
Jun
29% Jan
No par
Rayon
preferred A
$4.50
20 Va
Feb
100
100
1000
Dec
25%
Feb
100
ctfs series A
RR See
July
Feb
7%
—20
Co
Indianapolis Power & Lt_
700
73
125
19%
30%
2
Industrial
1,800
t
Mar
20
Apr
3% Jan
—
RR
Feb
Jun
134
3
9
Apr 18
_1
—
Feb
Nov
/89
7
6
Jan
27%
Apr
July
28
Z; 109%
81
18'%
; 43%
7%
// 23%
14% Jan
10
27
75%
„
170
63
19
2
4.%--
lines
16
Sep
22% July
Apr
114
23% May
Dec
Dec
128
3
Jan
preferred series A
Leased
300
II6V2
*171
172
85%
35
6%
Jan
8%
112
Z 75
20% Feb 19
29
Jun 26
119
Apr 11
" 60% Jun 26
48
Jun 23
:
Jan
Mar
20%
Jun 26
No par
& Sm Ltd
Central
Illinois
2
i.
100
-No par '
preferred
non-cum
/Idaho Power Co__—
106%
21%
*134%
41%
*104%
',,
45%
*6%
27%
41%
34% Jan 20
100
:
Hupp Motor Car Corp
90
26
21%
136 Va
*137
5
—
Hudson Motor Car
i,ico
36V4
45%
,"Z *84%
27'%
122%
36 V4
35%
34%
99%
185
5%
-
26
6%
*134%
98%
86%
.92
45%
85%
6%
,34%
33%
190
5%
12,400
:
26
22 Va
*84
6%
*6%
7
186
5%
5V2
21%
22
85
4
12% Jan 22
25
t c
Manhattan
&
Hud Bay Mln
1,300
;
.
36%
13
10%
86%
186
186
69
93
*106%
10%
190
86
37%
12%
9%
7Va
♦187
36%
68
90
>'
7,300
36%
*89
Hudson
100
5
36%
17<?%
*44%
:
29%
69'%
93
j
108%
7
85%
5%
5%
5y4
Howe Sound Co—
2,400
T 9.900
37%
107
>171
9 VA;
vZ,
UZ:45%
10%
190
85
185%
185%
45
7Va
*187
84%
185
v
'
2
—
of Texas
Oil
Houston
1,500
36%
*
01 1 =>
'4
13%
*106 %
11 Va
-
'
190
84
7Va
10%
V/a
10%
*9
;ZZ
108 Va
7%
190
■Z:
45%
*106%
0
13
9 Va
45%
10%
3%%
;
23
2
63%
July
9%
"
32
Jun 28
29% Feb 28
49% May 8
2
Jan
110
80% May 16
25
16% Jan
par
July
;
Apr
160
186
Jun 28
'
31% Apr 24
;
94
Jun 22
135
Jan
Jan
?% Jan
t 99
Mar
20% Sep
8
26% Jun 25
80% Jun 25
/
132
44!/2Jan
42
Feb
Jun
8%
5%
6%
liy4 Jun 21
118
15
15
21
15
18
Highest
t tier ihare
104%
10% Feb 16
112
May 16
14 Vs Jun 28
15
No par
25% July 13
preferred.
—100
103% May 21
Light & Power Co.— No par \0 66% Jan
2
Houston
■
1,100
19%
4%
*104%
172
13%
*106%
;•
iis
.
bo
12%
9
107
*171
'Z
s
172
91%
45%
90
46
172
113%
*171
'S
46
26
*104%
z37%
26
36%
36
25%
—No
,8
Household*, Finance
450
"7,800
30%
29
5
36%
36%
*36%
37 y2
35%
z
1,900
;
100
preferred
Class B__
1,500
6Va
30%
29%
4%
5
68
*87
No par
2,200
38
*19
30%
28%
29%
.
68
36%
>— 12.50
Houdaille-Hershey cl A
-
107%
6
20
30%
36
•
21%
26 M
37%
38Vz
6 %'1
*19
30%
30%
29 y8
29 VB
28%
28%
>
,6
6%
20
*19
20
30 %
38%
39
,
Jan
.
'
6%
*19
5
39%
39%
Hofhestake Mining-—
200
•;
15%
15%
Hollander & Sons (A)—
5 \
Holly Sugar Corp—
—No par
7%
*45%
—10 "!
-i.
1,100
Z',/:
47
*45%
X21Va
•
1
(Del)
f Holland Furnace
900
55%
55%
55%
45%
1,100
par
10
The
Jan 10
Apr
2
Jan /4
Jan 22
130
Feb
72
Feb
123
Feb
25
Jan
23% Jan
41% Jan
17% May
17y8Jan
116% Apr
No par
No
"
118
*116%
118
55%
45%
56%
46%
5 5'4
54%
■
(C E)
Hires Co
82
100
Nov 15
after
preferred
conv
Hlnde <fe Dauch Paper Co-
33
»
pfd-5%
j_No par,:
Hershey Chocolate-
80%
*78
*129%
,
Mar 13
20%
71%
170
22%
_——No par r
Motors—
:
Mar 26
; ;•
;
I per share
37% May 28
9
4
108
100
Hercules Powder—
132
*23%
_25
t per share,
13
4
i 6
c
-15
i
_
89 '4
so y2
^
«
preferred—
Jan
9% Jan
—9
-25
-
W)
(G
non-cum
29%
*129%
32
:
:7%
189
107
--i
Co
28%
135%
*80
80
*31
,
79
*74
*18514
89
*133
135%
80
Hecht Co.
Helme
25%'
V, 25%
79
Glass
Hazel-Atlas
Apr,
7% Jan
;
1944
Lowest;:
Highest
$ per share
.
X30
>
—1
(modified)—100
preferred
Hayes Mfg Corp————_
:
*129% 132
132
9%
}
10
Corp of Amer class A—
Hayes Industries Ino^
112%
189
29%
29
*133
80^
*129%
132
■
29 >4
88 %
29 3a
89
*28%
,9%
111%
25%
*74
*185%
Hat
12%
9%
Par
.Hiirt,, Schaffner & Marx—_•
500
6%%
112%
*25%
29%
79
185%
2,100
■
Year
Range Since January 1
??>'/---Lowest
'EXCHANGE
A
112
*12%
NEW YORK
0{0:0:
'Shares
10%
10 %
*110
12%
*112
185%
*
10%
9%
9%
the Week
35%
34%
34%
^
Sales Tor
.
July 13
I per share
112
12
12%
28%
189
'
10%
*111
112
25%.'
25 V4
79%
34%
36
112 v.;.
9%
112
:
$ per *hare
shhre:
10
'•
12%
<
112%
111%
190
10
*111
9%
•
25 Va
25%
*75
*185%
34%
10 %
12 Va
9%
111%
* "per
v.
■
112
*111
12%
12%
36%
10 '/a
10
*111
v;
I
* per share
July 12
Range for Frevlous
STOCKS
STOCK
,
rwaay
Thursday
Monday, July 16, 1945
41% Jan
9
29
Jan
45
July
Jan
144
Dec
145
—
Jan
138%
May 16
150
12
20 Va
Dec
;
.
J
'
39 y2
39%
39%
39%
112 V*
*111%
112V4
*111%
39%
111%
39%
*38%
111%
,121% 121%
*120%
121 y2
120%
121%
*38%
'39 V*
38%
38%
38%
38%
*110%
111%
*110%
111%
*110%
*110%
111%
*12Q v
37%
*120
36%
37
95%
108%
26Va
26% *
24%
;
56
*26"v
56
24 Va
38%
27
27
*27 Va
46%
46 Va
♦46
13%
13 Va
88
*
30%
108
*107%
28%
28 %
Va*
*86%
88
30 Va
30 Va
37%
25%
56
28
>
V;:
24%
111%
24%
24%
26
Z". *25%
22,000
1,500
-
113%
25
112%
♦118
124
*55
*19%
36%
27%
'
v
56%
*19%
20%
600
100
27
100
27
*26%
27%
24%
24%
24%
*24%
25
1,100
38%
38%
38 VA
38%
8,000
27%
27%
27%
27%
28
29.
900
Keystone Steel
46%
500
Kimberly-Clark Corp—
Z
47
46%
46%
45%
46%
*46
12%
13%
13
13%
13
88 VA
88
■
28%
:
88
88
86%
88
29%
30 Va
29%
29%
107%
107%
107%
108 Va
30%
103
28
'
28%
28
28Va
29%
>
,'
*107 Va
28
1,400
13
180
87%
4,300
30
*
107%
60
3,200
28
*9%
10%
*10%
10%
*10%
10%
*10%
10%
*39%
40 Va
*39%
40%
40%
40%
*39%
40%
700
43%
43%
43%
43%
43%
43%
43%
43%
43%
900
44
6
5%
6y8
*33
34
33%
33%
*50%
55
51
551%
*53%
54%
*53%
14%
14%
14%
14%
14%
15
32%
33%
33
33%
32%
33%
14%
13%
3
•
*44%
3
15
3
52
15%
Z'
3'/s
5%
6%
5%
6
33%
H
33%
32%
33
52
51%
51%
*52%
14%
54%
15%
3 V
44%
44%
45%
*44%
42
42 V4
42
42%
42%
*23
23 Va
23%
23%
*23-
3%
♦53
14%
X32
14%
3
5%
>'■
6i/a
,331/4
34%
51%
51%
14%
14%
14%
7,800
32%
32%
32%
2,800
14%
15
3
3
441/4
43%
44%
431/4
42%
43
42
42%
23%
23%
23%
23%
23%
20%
20%
20%
20%
20%
20%
20%
59%
58%
59
58%
58%
91/4
9
9Va
*53
*53
55
*54
55
•54
55
*91
*91%
93%
*92
94
94
94
93
92%
192%
93%
191%
91
192%
*191%
36%
6.300
3%
44
58%
*191%
10,300
15
45
9
93%
193
300
-; 200
20%
9'A
•
54%
59
9i/a
1,400
*52%
20
9Va
39,800
54%
58%
9
'
-
1,200
2,000
i
300
9
*54
94%
20%
1,800
58%
1,600
9%
13,700
200
94%
93%
93%
93%
94%
191%
191%
191%
36%
4,200
•
270
36%
*35%
36%
54
54%
55
54%
54%
53%
54
53 yB
53%
47
46
46%
46
461/4
45%
45%
45%
46
22%
*31%
22%
22%
22%
22
22 Va
*21%
22%
900
30%
31%
30%
31%
1,300
36%
22%
*31
.
*35
22%
32
31%
31%
*>
1t/„
*35
r
For
footnotes
see
page
263.
Kinney (G R)'Co_..._
$5 prior preferred—
Kbppers Co Inc_
—■
'4%% 'preferred—.:
Kresge (S S) Co_..,
Kresge Dept Stores
Kress (S H) & Co
:
Kroger Grocery & Bak.
25
Lane
19% Jan
-v
Tire
.
(new)—No par
Glass—No pat
Libby McNeill & Libby
7
"Lerner Stores Corp
Libbey Owens Ford
9
—
2,600
Lima
Locomotive. Wks_.
4,300
LmK
Belt Co
Lion Oil
L
Refining Co
rirwip
2 % Mar
35% Jan
367/8 Jan
20V8Jan
17% Jan
51% Jan
7% Jan
47 % Mar
26
2
Jan
——25
100
78
181
Jan
Jan
-No par
32
No par
No par
no par
.n»»-'
22
22
3
22
24
2
28
3
5
Mar 28
47% Jan 25
41% Jan 22
19% Jan 22
29% Jan
2
26
Dec
Sep
20%
Sep
111
Dec
95
May
1
Dec
'80
Dec
Jan
93
Dec
10%
.
"28
Jan
Jan
207/a Dec
18%
9
Jan
58
66 %
,
Apr
117
21% Aug
124
Feb
NIar
20
Jun
18
6%
Jan
14%
Dec
59% Jun
18
19%
Jan
39%
Mar
Jun
7
38% Jun 28-
13%
17
Jan
28% Feb 27
20
Jan
:
Dec
"
29%
22
i
.
•
20 Va
Feb
Jun
11
13%
24
29%
Jun
X26
July 13
19%: Jan
48% Jun
5
28
Jun
28
90
34% Jan
19%
Jun
Dec
24
Dec
42
•;
9%
78 %
Jan
32
Dec
34%
Oct
Dec
Dec
Dec
Dec
108%
Dec
...
Feb
27%
Nov
6%
Jan
4
27%
Jan
39
Dec
7
31%
Jan
37 Va
Nov
108%
5
' Mar
29
Jun
26
11
Feb
13
42% Jun
> 7% Feb
r
54%
3
112
44% May
Feb
3
Jun
/ 37%
31% Mar
15'A Jun
Dec
Aug
24%
Jan
Apr
26
.; 22% Mar 10
78
_____—
—
28% Mar
124
18% Jan 26
23% Jan 22
22% Jan 23
18 V* Jan 2
23
Liggett & Myers Tobacco—
Series B
30V4 May
9
4% Apr 5
31% Jan 3
30
Jan 24
47
Jan 22
12 ;Jan 4
29% Jan 24
6% Jan 30
Jun
90
July 9
H6'/ft Jun 26
26- Jan , 3
117v, Jan 3
13. Jan 22
34
Jan 22
Navigation Co.—10 i/
Lehigh Portland Cement—
25
Lehigh Valley RR
50
Lfchigh Valley Coal
—No par
6% conv preferred
———50
Lehman Corp (The)—
——1
Lehn & Fink Prod Corp
5
Lehigh Coal &
Preferred
39
34%
AUg
Nov
May
107%
-97
;
100
Bryant
Lee Rubber &
27% Jan 24
Mar 27
91% Jan 7 2
.
—No par
No par
5
(The)
Lambert Co
Jan
.'.79
1 '
Laclede Gas Lt Co
Nov
40
25
No par 33% Jan .8
—I •:/'.• 8% Jan 15
-No par
72 % May 14
-10
29V8May23
100
107% July 11
-10
26
Mar 26
1
8% Apr 7
No par
36
Jan 19
No par
37
Jan 24
7
30
102 > Apr
V
■
105
10
90v
Jan
—1
/
—No par. 35V4 Jan ,24
& Wire Cbl—No par
Lily Tulip Cup Corp—.
*351/4
53%
46
*351/4
B-
Life Savers Corp
55
191%
Class
Kennecott Copper-—-/.^.,
Feb
18
—3 lv.
(Julius) & Co_.._—
Ilayes Wh'l conv cl
84%
Jun
-
17
non-cum 'preferred—-100
Kaufmhnn Dept Stores-..—
--I J
Kayser
Kelsey
21
128
Jun
4%
38%.
28
;
Kalamauob 8tove ft lTurn-^..,„-„ r10-'.
38%
10%
•50V2
;
38%
112Va
112% Apr
Kan City P & L nf ser B^..„-No par *
Kansas City Southern— —No par .
24%
*26%
40 Va
5%
-—.—I
*—•
Apr
Jan
109% May 31
pref series A_i._-—-——-lOOi
pref series-B conv
—_J.OO
24%
*
2
Johnson-^.
39
39%
*10
,
5,600
1,300
&
Jby Mfg< Co-
124
56%
20 Va
*34%
700
25%
5%
6%
2,300
*34%' <36%
57
20%
36%
•
2,900
,
26%
25 Va
26%
*19%
'
JtV.i-
l01\ Jan
27
107%
Jun
42
23
31
12%
4% 2nd preferred ser A
,—100
Jbllefc & Chicago RR stamped—100
Jones & taughllh ^teel—No par
Johnson
300
Jan
111;
—100
29
114% May 31
34% Jan 22
*No par
;
Johns Manville Corp.—_j__No par •
1.300
98
13%
13
*107%
55%
37%
98
*118
'
100
•
'''—I'.''
97
*34%
27%
24%:
38%
■
z:
26
Z; 112%
37%
24%
26%
i
38%
95
20
*27
24 Va
38%
25%
*120
110%
25%
124
*ii8'
26%
56 Va*
*35
28
'*26%
:
*
38%
*110
.
121%
121
38%
36%
20
20
36 Va
26" /
26%
112% ZZ,
37
W
112
24%
-
; 124
25%
56
-
36Va*
112;
25
120 »/4
*109% 111
37%
97
113
*118
26
x20
37%
96%
24%
124
*118
36%
97
112 ya
25 ".v.
U2V4
*110
Jewel Tea Co Inc
4V*% preferred^—!
700
39%
*38
*120
*120
*96%
109
24%
'
;'i
97
120%
*38
39%
22
10 %
Oct
35% Jan
2
19
26
Apr
X31 Va
Dec
Jun
15
17%
Jan
31%
Dec
26
38
Apr
49 %
Dec
16% Jun 26
37,
tfeb 20
17% Jun 18
8
Jan
12%
21
Apr
31%
Dec
4%
Jan
8Va
Dec
56
55% Jun
;
•
2%
Oct
Dec
1%
Jan
50% Jun
8
15%
Feb
39%
Dec
Jun
16
29%
Jan
38%
Dec
\ Jun 26
Jun
5
18 %
Jan
21%
Jun
19%
Dec
•
3% Jun
47
24
21
65
May
8
5
17%
Dec
42
Jan
53% Aug
Apr
8% July
6%
<
9% Apr 17
55 Vz Jun
8
39
Jan
49 Va
Dec
94% July 13
68 %
Jan
83%
Jun
94% July 13
67%
Jan
86%
25
15
174 Va
Jan
26%
Feb
32%
Dec
36
Dec
195% Apr
39
Jun
59 Va Mar
51
Mar
24% Feb
34% Feb
1
7
7
13 *
182
Jun
Nov
Apr
52
37
Jan
44
17%
Nov
22% May
19%
Jan
30 %
Dec
De»
Number 4403
[Volume 162
259
COMMERCIAL & FINANCIAL CHRONICLE
THE
Range for Prevfiewe
STOCKS
HIGH SALE PRICES
Wednesday
LOW AND
Monday
Saturday
$ per
share
$ per sharo
share
July 12
July 11
.
28
28%
28
283/a
27%
26 %
26%
26%
26%
26%
Shares
share
$ per
29
28'A
EXCHANGE
/
28%
26 Va
,
27'A
28
26
26 %
■26%
5G>/2
56%
56%
57'A
56%';
57%
*563A
57%
57%
57%
18%
18%
18%
19'
18%
19
*18%
19%
18%
18%
46%
46%
46
46 V
46
46
47
47%
47
47
24
24
24
24
24%
24
24%
24%
243/8
23%
v,
57%
182%
25%
25%
25%
■;
181
181
181
'
182%
25%
*25'/a
,
181
-.
V;r
26
58%
58%
*33%
34
*33 Va
34
5,000
r,
v
*
154
*152
154
*152
154
•*152
33 '/a -33%
34
*33%
34
33 VB
56
35%
110 %
*108%
56'A
55%,
55% '
55%
56
35%
36 %
35%
35%
35%
36
*108"%
110 Va
*15%
29
a. '.-:'. 8'/a
19
19
*435
460
16%
29
*,
*28
29
17%
17%
17%
17%
17%
17%
25
24%
24%
X24%
24%
24%
109%
109%
*108%
109%
*108%
*108%
;«•
f
109%
*108 %
1093/4
"
28%
27%
28%
27 V2
28
27%
20%
19%
20%
20
20%
20%
21%
20
Martin-Parry
20%
6,800
21
43%
44%
43%
43%
43
43%
43 Va
1,400
Masonite
43%
43 Va
43%
29 Va
200
25
*193
107
107%
12'/a
lil
46%
*45%
♦45V2
115
*111%
X45
115
V 23
-
23
115
*114%
*113
35%
35%
*21%
22%
22
22%
22%
22%
*22
57
56%
56%
56%
56%
*56
56% f
57
35%
107
18%
18%
18%
*103%
*103%
105
100
100
100
100
100
39
39
39
22%
23%
23%
24%
22%
69%
70%
72
68 %
39
41%
42
*110
i
8'A
110%
71
20
28'A
8%
20
*
8%
8%
1)400
.72%
73
19%
20
19
18 3/4
19%
4
4%
3%
3%
4
46%
46%
.46
46
*107
110
*109%
111
110
*107
*109%
111 Vz
*109%
111
'Jii'-Vv J-
10%
*118%
119%
118%
26%
26 Vz
26%
27
13%
14'A
26%
27'A
27%
14%
13%
14%
14
14%
13,800
42%
40%
42%
41%
41%
15,200
;
.
43
43
29%
29%
29%
29%
86'A
86%
*86%
87%
*86%
87%
110
113
*113
109
65
64%.
41%
64%
63
46%
40%
40
40 3/4
16,100
64%
63%
64%
*45
120
46%
*45
1,390
40%
40 Va
40
40
40
40
120
29%
27%
28%
28%
29
2,100
26%
26%
26%
27
27
26%
26%
%000
.37%
14%
*36.%
37%
37%
37%
37
37
14%
14%
143A
15'A
14%
15
36%
14%
*104
105
'
41
105
105
105
.
-
*105
30
*29
30*
*28%
94
94
*94
95
*94
112
112
310
60 Vz
*57
.
2,700
20
28%
IOO
94
94
200
110
110
130
28%
110
17%
18%
1,100
106
*105
95
111
*29
•
-
106%
111
29%
94
110
*57
108
28
14 3A
18
116
108
*40
37
110
115
*113
41%
14%
*93
*112
116
110
29%
26%
26'/a
*28%
115
*112
*41
,
29 3A
36%
*103'A
87%
300
*29
42
26%
700
*113
46%
40%
41%
200
*109
;..
109%
1
43
■•■■,
87%
87%
63%
48%
41%
29
29
*42
29
*45%
65%
*45%
116
43
2,000
27%
*27 V4
273A
87%
200
117% /117%/
;
29
115
*112
116
110
48
-
119
*42
43
*42%
*113
*112
1
29
40%
43%
*109
•
90.
10
13%
118.%'
29%
41'A
13,100
*111
10%
*117%
42'/2
*41
10%
111
120%
43'/a
62%
"lO
*109
*117%
40%
*44%.
109%
109%
29%
!i
18%
18
18%
18
60%
*57
60%
*57
60 Va
4,400
18
17 V2
18 %
6 Va
Jan
8'A
Jun
6
12 %
Jan
21
May
Jun
8
13%
Apr
20
Dec
5
28
16y4
Jan
25%
Dec
20
47/a
Jan
12
37'A
Apr
51% May
25 V*
May
170
4% Mar
32% Mar
Mar 15
106 % Mar
112
/ 38'A July 13
19%
24%
Dec
176%. Nov
'11% July
44
•
July
110%
-
Dec
29% T>Ct
21
Jan
109%
Jun 27
feb
Jun
112%
Apr
•
Apr 28
24% Jun 18
27
61% Mar
6
47
33'A Jun
26
39
2
2
Jan
53
Jan
16
24% May 18
115
108
.
32%, Oct
Apr
•
14
Dec
22
Feb
-
Mar
55% July
21% May
28% Nov
97
Apr
104% Dec
18
10
Feb
-13%
Oct
kay 23
103
Sep
111
Dec
9
Mar
,
19'A Jun
112%
26% Jun
16% Aug
22
19% July
r
May 21
8
Jan
13
105'/a Apr
16
82
Jan
100
101
24
70
Jan
94
31 ya
Apr
8 Va
16
'
Apr
X41'A Apr
19
24% July 10
109'A'Jun 21
13/ <Jan 5
No par
Jun
•
Dec
Sep
Oct
38'A
Nov
Jan
16'A
Dec
-
July 10
9
37
Jan
55'/a
Dec
25
Mar
39
Aug
2
27
Jan
38
Dec
29
107
Deo
107
Dec
9'/a Mar
1
6
Apr
8'A July
31 Va Apr
24
23%
Sep
28'A July
45% May 17
27 Va
Jan
6
116%
Jan
•72
45% May
44% Mar
Jun
111
Mar
160
46
2 2'/a Jun
18
July
1%
2
47% May
7
5
Oct
39
Oct
58% May
19'A
Dec
2%
-
Dec
Oct
36'A
Aug
144%
Apr
12%
74% July 11
Dec
46
Apr
113% Jan
105
114
5
Mar 13
108'A May
113
111% Apr 24
107
112
Mar
11% Jun
23
6'A
Jan
19
93'/a
Jan
31V4 Mar
8
17%
Feb
2'A
Jan
8ya
18
16% Jun
Jun
Oct
111
Jun
23% July
6'A
Dec
8
8
Jan
187/a
Dec
Jan
39 %
Jun
19%
46% Apr
33
Feb
,
Dec
9 'A
v
Sep
74%
18
30
97^ May
Nov
29
49 Va Jun
116
Dec
114
Sep
119% Jun
-
& Bro
Mar
Sep
29
19 % May
16-
■
•
Oct
Aug
,
-10
Deo
24%
4
49'/a Apr 27
-
54% Jan 3.
33 Ve Mar 10
37
Jan 3
100
16
Jan
May 17
May 5
107% Jun 23
13'A May 29
106% May 16
V'/ 7% Jan 23
26 , Jan 2
35
Jan 24
8% cum 1st preferred—
100 / 137
Jan 3
Minneapolis & St Louis Ry
No par
53 ' Mar 24
Minn St P & S3 M A vtc
No par . / 15'A Jan 19
Class B vtc
-No par
1% Mar 27
Minn-Honeywell Regulator
3
42'A Mar 26
?
4% conv pfd series B
100
109
May 4
/
4'A% preferred series C
100
109Y8May21
4% preferred series D—,——100
110
May 22
Minn Mollne Power Impl
1 .
7Ve Mar 26
$6.50 preferred-—No par '
109'A Jan . 4
Mission Corp
10
22 V» Jan 2
Mo-Kan-Texas RR
No par
5% Jan 22
7% preferred series A—100
16'A Jan 22
Mohawk Carpet Mills
20
36
Jan 3
Monarch Mach Tool
No par
25 V* Jan 2
Monsanto Chemical*Co
10
79% Jan 2
$4.50 preferred ser A
No par
lll'A Jan 5
Preferred series B
No par
113% Jun 8
$4 preferred series C-.
No par
108 July 13
Montgomery Ward & Cor—No par:
477/a Jan 12
Morrell (John) & Co.
;J
-No par
41,. Mar 26
Morris A: Essex
u.
■.
50
32% Jan 23
Certificates of deposit
;
397/a May 28
Motor Prpducts Corp—
No par
21% Jan 20
Motor Wheel Corp
5
23,% Mar 27
Mueller Brass Co
1
31% Jan 6
Mullins Mfg Co class B
1
1
9%.Jan 6
$7 preferred
—No par
97Va Mar 27
Munsingwear Inc
-No par
22
Jan 8
Murphy Co (G C)
No par
x82Vt,Feb 15
preferred
10'A Deo
Feb
38
Metropolitan Edison 3.90%. pfd—100
Miami Copper
".
:
5
Mid-Continent Petroleum
^10
/.Midland Steel Products—^—No par
4%%
Apr
2%
27% Feb
—
Murray Corp of America-*—
Dec
Jun
6%
,18% Feb
195
109% Jan 24
1
' 17Va Jan 3
No par
./ 12% Mar 27
—No par
98% Jan 12
No par
94
Jan 3
1 »
35 . Jan 1 2
I
1 *
14'A Mar 10
5.
Oct
19
22%
391
5
32 % Feb 13
100
_10
Co—
Machine
Mesta
Myers (F E)
59
*57
conv
Jan
10%
3
la
47% May
—
10%
*42%
*109
111%
111
:
*29'A
116
*108%
'
115
2,100
1,000
46%
10%
14%
*113
2,600
Ve
4
*45%
:■
109%
14'/a
42
'
*112
18%
2,000
-
10%
U
10%
10'A
73
;'/%4
111%
110
111
111
*111
'
*111
-
.
46% V
.
160
18 Va
4 Va
46
V.
73
19
*4
.
46%
300
41%
154
723/4
7 2 3/4
74%
72%
1,900
28%
28%
41V2
154
153
5%
Jun
Dec
24% Jun
6
Merch & Mln Trans
2,900
60
-
Jan
14%
Dec
38% May
108 »A
30 Va Jun
13% Jan 25
(The)
^
1st preferred
.50
Co„-—No par
Mengel Co
400
42%
Co.
;
$6 preferred series A
$5.50 pfd ser B w w_
"Melville Shoe Corp
2,650
110%
28%
42 %
42 V4
151%
V
18,700
•i
39 Va
110%
8%
28 Va
42%
154
154
153
*107
.
42
43
112
8V4
28%
28 Va
*41J/2
41%
41%
153
153
70
'
71
39%
300
24
71
40
*110
110%
8>A
~8%
28%
28'A
41%
153
v
23%
70
'
28
1,020
40
23%
Mead'Corp
1,100
v
100%
*39 Va
42%
42%
'
"
;
104
;;
preferred
McQuay-Norris Mfg.
Apr
14
315
6
18% Jan
104% May 21
*
,
Jun
5'A July 12
8% Feb 20
26
25
10
25
24
18
-.No par
—1
Jan
May
Jan
Jan
Jan
104
110'A Jun
4
19%
111%
30'A
' 19%
52
8
1;
Co
Stores
5%
500
24%
15
100
McLellan
100
111
15
:
27 "A Jan 22
No par
preferred
$4
IOO
2,000
-
1
8'A
8%
*41
.
42
42%
*110
'
4,800
18%
39%
*39
41
*39
41
*39
42
39
,
——
Mclntyre Porcupine Mine3
McKesson & Robblns Inc
22%
71%
,/McGraw Elec C01
McGraw-Hill Pub Co
69%
24
66%
*38%
preferred w W—i
conv
600
39%
39
"
39
■;
*103%
100
5%
800
*23%
15%
>..
11,000
31
24%
100
100
McCrory Stores Corp.
40
107
18-%.
ill
104 V
*103%
1,800
30%
V
113
15
15'A
104
1,700
*106 'A
"
18%
29'A Jun
Dec
Nov
48
13
16% July
23% Jan 26
176% Jan 12
35
Apr 20
105% July 13
8% Jan 4
40% Jan 15
110% Jan 29
—•
1
100
1
-
23%
*56
107
24%
24%
15 V4
*103 %
104
;
*111
113
24%
15%
15'A
31
'
56%
23%
31%
*106%
24
24
15
;v
15
:
23%
23%
106'A
*109%
113
*109%
113%
*
18%
xl8
18'A
17%
31%
106%
31
107
'
•111
30%
30%
*106 %
31%
30%
*106'A
35%
36 %
40
July
30
148
Jan
X26% Aug
2
10% Jun
2
27% Jan
-
McCall Corp
35%
35
35%
23%
*35%
35%
\
114
.
-
19
Oct
Feb
34'/a
Mar
1
Feb 27
22'A Jan
24%
25%. Apr
3b
36 Va May 29
450
109% Jun 18
; 21% Jan 22
97/a Mar 26
40
Mar 26
VMathieson-Alkali Wks
c
-No par ■*
7% preferred
1-00
i May Department Stores-5
83.75 preferred™
.^No par
V Maytag Co
No par
$3 preferred—;
-No par
$6 1st cum preferred
No par
23%
23
■,
■
114%
,
No par
No par
1
Co
'
Dec
Deo
165
Jan
135
May 29,
110
7% Mar 9
15% Apr 16
18'A Jan 22
„•
100
1.
i.
38%
373A
23
23
114%
■■■
1,400
400
115
373A
X36%
37%
37
23%
120
'•
45
V;
46
*111%
115
114%
115
11%
*110
46
3,800
105%
12
105 3A
11
12
20%
33% May 31
Jan 17
Jan 20
3% Jan
l.
V
35%
35
35%
:
106% 106'A
12%
36%
23'A
23%
23
35
35%
106%
5
27% Mar 1
60
Jun 21
Apr
Jan
151
July
59
-
2,200
195
*193
"
Co
Corp
Corp
Elec
Master
'
24 5/8
24%
24%
195
*193
♦45%
112
36%
36%
36
*114%
>
12
46%
112
111
..
35%
*106 %
12%
12%
12
*45%
36
107
35%
35%
35'/a
•107
28%
29%
245/a
195
*193
195
*29%
29%
25 V-:
*24%
25%
25
195
24%
*29'/a
29%
*29'/a
*29'/a ,29%
20% July
2
111 y 18
155
7
3
7% May
14
-No par
-
(Glenn L)
28
28
28
*193
prior pfd
preferred
Martin
i
7,700
v
W/e
27%
,
Corp..
Marshall Field & Co
2,900
>
2
Jun
425
I
3
100
Exploration—
.'Market St Ry 6%
400
25
*108%
'
17%
24%
18
24'A
Mar 27
:
24
Midland
Marine
19,200
8%
8%
8%
8'A
8%
8%
17%
247/a
*17%
Apr
2
.
;
.•
«Maiacaibo Oil
10,400
17%
Jan
•
47% Jan
Manhattan Shirt;
5%
5 Va
,/
44
183
,
;
Co
Sugar
Mandel Bros
29
*28
5%
4%
4%
4%
Manati
:
300
,
Dec
Jan
4
31'A Jan 22
106% Jan 24
16% Feb
3
17 ; Mar 28
No prr
100
No par
10
,50
1
No par
Copper
Mahoning Coal RR Co
3,500
16%
50% May
23%. Jan 3
147
Jan 16
;
-No par
Magma
10
,
17
*16%
17
;
9%
93/a
93/4
9%
Dec
Jan
25
52
100
Garden
Madison Square
400
1,700
'
8%
8»A
8'A
*28
460
*435
*16
16%.
4%
4%
.
t
29
7*28
4%
4%
*18
19'A
9%
9%
16%
16%
16%
*28
18%
19
450
450
9%
9%
9%
»
:
185/e
"18
19%
450
*425
450
9%
*108%
18%
19%
*
19'A
19
18
19%
19'A
2,200
53
8%
28
23% Jan
10
Forbes——..
&
preferred—
Macy (R H) Co Inc—;
4Va % pfd series A
'
18%
*18
18%'
*420
111
*108
111
.
Mack Trucks Incu
110
55%
36%
6%
2,300
36
56
36
*18
•
56%
*
55%
*109
154
*152
154
*152
Feb
28
v' m ,;i
MacAndrews
1
Jun
40%
2
166
23% Nov
14%
9
21 Va Jun 21
Jun
20
50
9 per share
60'A May
18% Jan
No par
a
Highest
s
$ per share
'28'A May 17'
5
23
6
40% Feb
IOO
preferred-.
7%
Louisville ;& Nashville
;
IOO
•
Co_
(P)
Louisville. Gas & El A
400
59
58%
j
M50
25 % V 25%
59
Lorillard
4,400
182'A
*•181
182%'
>
700
•*25%
26
57%
59%
59
59%
*
182%
/•
15% Jan
Jan
50
30
31
25% July
--No par
23
10
Long Bell Lumber A—
Loose-Wile^ Biscuit
.1,000
19% Jan
-1
1944
Lowest
t per share
Share
No par
—No par
—:
Star Cement Corp
Lone
900
;
Inc
Loews
9,700
V:
f per
Far
Lockheed Aircraft Corp
.11,900
26 %
V-;.V7,>W
V-'vVw
Year
January 1
Highest
Range SI Jilt
Lowest
NEW YORK STOCK
the Week
July 13
■
share
$ per
$ per share
,
Sales for
Friday
Thursday
Tuesday
July 10
July 9
July 7
S per
.•
Apr
/
119
Apr
Jun
114
2
113
.
25
Oct
88%
Oct
117
111% May
28
Nov
Jun
119%
Sep
313
11
107%
Jan
C57/a July 10
47
Jun
9
41%
Apr
35%
Jan
42
Oct
44% Jun
21
21'A
Jan
35%
Dec
44'A Jun
21
15%
Jan
24%
Jun
32
>
May 17
16% Jan
28% May 17
40
May
5
16'A Jun 27
:
Dec
33%
Dec
Jan
Va
25'A
Apr
26'/a
4
10'/a
Oct
4
72
21
20
Aug
100'A May 28
70
May
110
-
Jan
Nov
105
31
May
Jun
Jan
4
19% Jun
20
87/a
Jan
58% Jun
30
43%
5
7
100
Oct
24% July
84
Nov
•
-116%
Jan
115
Aug
53 Va Nov
Feb
14% Aug
-
53 y*
Oct
N
19%
20 Va
19%
47
48'/a
48
19%
20
48
19%
19%
25%
25%
25%
25%
26%
26
25
25'/a
25%
26
25%
26
25%
13%
13%
13%
13%
13%
47
26
1,600
National
Acme
26
2,500
National
Airlines
13 '/a
13'A
13'/a
13%
13%
13%
13%
20%
x20%
20%
*19%
20%
25%
25%
25'A
187 3A
*186
*186
25%
25%
25%
1873A
*186
187%
V
14
13%
14
195/a
20 %
19 Va
20
1,200
Fibres Inc
6% conv preferred
National Aviation Corp_
25%
7,600
National
25%
*186
14 Va
13%
-
25 Va
253/a
22 %
22%
22%
*21%
22%
*21%
22'A
*21%
16'A
16'/a
16%
16%
15%
163/a
15 5/8
16'A
15%
36
36
35%
36
35%
35%
35%
35%
35
15%
16
15%
15%
15%
153/4
15%
15%
15%
35% 1
: 15%
15%
15JA
15%
15%
15%
15%
15%
*15%
15%
30%
30%
30%
30
30%
30 Va
30%
30 Va
23 Ya
24
24%
23%
24%
233/4
24
*23 V4
42 *
42
16%
107
26%
*11%
12
:
42%
42%
42 : >/
16 3A
*42%
16%
*106
107
27%
27'A
*11%
42%
12
*11%
12
*11%
42%
12
43
42%
43
X42
42
42
42%
16%
16%
27%
27%
16%
106
106
107
27%
*41%
16 3A
*104
26%
1,500
National Dept Stores
5,800
Nat Distillers
6%
12
42%
200
290
105%
3,500
27
No par
No par
Products
Products
Nat Enam & Stamoing
$4.50 conv
preferred
National Lead Co
1,600
17
17
17
*16%
27%
26%
27%
27 %
27'%
*34%
35%
343A
343A
*34%
36%
IOTA
10%
*17
17%
27%
36%
*157%
26%
*35
'
30
183
1%
6%
158%
17%
100
27%
1,100
36%
100
National
75
75
76
76%
76%
77 %
75%
75%
24%
24%
24%
24%
2 4 5/8
24%
24%
2,800
16"%
17%
17%
17%
17
17
16%
5,500
National Supply
16%
17
16%
*28'A
28%
28%
28%
*28%
28%
28%
101%
101
*101%
28%
28%
101%
101%
103
28%
102
103
101%
102.%
101%
102%
101%
101 %
102
102
17'A
17%
17%
17%
17%
173/4
18
18'A
18%
11%
12
11%
12
12%
12%
11%
11 Va
*11%
16%
16%
16%
16%
16%
163/4
16%
16%
*39
♦105
39%
39%
*105
108
80
*78
80
*103
105
page
I*.--...-
263.
*105
108
105
40%
*39
39%
*78
see
102 %
102%
16%
•
*103
footnotes
103 %
*102
.
,
79%
*103%
108
79%
105
*39%
*105
*78%
*103%
40%
108
79%
105
*39
*105
78%
*104
;
$2 conv preferred
920
5% %
90
6%
prior
prior
No par
10
40
preferred
10
(The) Pa
700
conv
18%
2,900
National
Tea
12
1,000
Natomas
1,500
40%-
100
78%
105
200
No pa 1
No par
1
Neisner Bros Inc
4%%
108
10
Co
Co
Nehl Corp
16%
100
preferred
conv
Newberry Co
5%
serial preferred
(J J)
preferred series A
100
No par
100
2
,
65
National Sugar Ref Co„
24%
25
24%
v.
No par
10
75%
f
10%
.--v-.'.
13
102
24
^
,
24%
15
27'A
92 V2
97 Vz
107/a
10%
6
July 10
Jan 6
Jan
2
Jan 15
Jan 17
Jan
3
Ja*i
3
Apr
153A Mar 26
Jan 22
F( b 6
66
Jan 4
104 % July 5
30
103
28
Jan
26
13%
Jan
29
Jun
28
18
Deo
16
Jun
25
9
Jan
15% Jun
25
22% Jun
27
26
Dec
20%
Dec
19%
Deo
13 'A July
13% July
10'/a Nov
9%
15%
Jan
181
Feb
21
Dec
17'/a
Apf
34
Dec
Apr
24
26
18
17% Jan
28
X36% Jun
28
26
Apr
16% May 18
X10
Sep
Feb
8'A Jan
27
xll'A
X32% May 18
16
Jun
Dec
Dec
Mar
24'A Jun
192
Dec
24%
20% May
9
May
41%
*
"
165
23% Aug
14%
Dec
'
Jan
25%
28
13'A
Jan
24% Dec
12% Mar
14
11%
Jan
12
44% Jun
•
19%
267/a Feb
5
Jan 4
Jan 5
Jan 2
177'/a Jan 5
155
Feb 5,8
16'A Jan 4
21
Jan 2
33
Jan 4
7'A Jan 2
—1
75%
160
183
184
*157%
*34%
For
37: j Jan
No par
21
Jun
17% July
Apr
Jun
27
35% Jan 22
No par
National Gypsum Co
'Mar 9
Jan 4
Jan 2
Jan 22
11%
54
22% May
Jan
Jan
Jan
Mar
Mar
Mar
11% May
10
preferred
13,500
*183
160
10%
Nat Dairy
10%
184
*157%
10%
National Cylinder G as Co
9,800
12%
13
24 %
21%
1
1
10%
*182%
160
10%
4,100
30%
23%
Register
10%
184
*157%
*16%
National Container
10%
*182%
160
17
Nat Cash
No par
10
No par
preferred A
—100
preferred B_
100
Linen Service Corp.——1
Nat Mall & Si'l Cast Co
No par
National Oil Products Co
4
National Power & Lt
No par
National Steel Corp
25
184
27
Corp
2,300
5,700
26%
& Share
Bond
1,400
17
*105
Nat
20
23
2
27
26
21
13% Jan 24
23'A Mar 26
182
Jan 5
20 % Jan 23
13% Jan 2
31% Apr 6
100
preferred
National Can Corp
42
26:%
183%
27
500
Biscuit Co
3,700
16%
V
105%
*157%
*16%
v
Nat Automotive
7%
*41%
42
17
'
15%
30%
23%
11,800
22
15'A
.
14,400
187%
*186
187%
22'A
*11%
Co
13%
13%
20'/a
48
15%
35%
20 Vb
16'A
9 '/a
11%
3
100
1
1
1
10
5
—10
Corp
St. Louis
Chatt &
Nashville
U 25%
14 Va
26%
150
Nash-Kelvlnator
26
25%
*47
V
47
'
26'A
47%
*47
15,100
19%
19%
20
26
30'A Feb
44
Jun
19'A May
108
Jun
29% May
1
7
26
9
Feb
37% May
Jan
87'A
7
19
Jan
164
*
May
163
May
5
7
141
5
16
Dec
"
Dec
Jun
25%
181
Jan
Feb
18
14% July
104%
Feb
192
Dec
37
;
Jan
20
Dec
Mar
"Dec
159
Z
Jun
21
Apr
23
3 7'A Jun
28
28%
22
5%
Apr
Feb
34
11% Jun
77'A July 11
57%
Feb
70
11%
Feb
29
2 7 v„- Jun
Dec
22'A July
17%
7%
Jun
Jim
Dec
July
18
1
19% Jun
33% Mar 16
24% Nov
v
17% July
30'/a Mar
Pnc
105
Jun
14
79'A
Feb
95
Jun
11
83%
Jan
98% O.'C
105
6
Jan
11% Nov
22% Mar
5 Va
12% Feb
24
18% Apr
18
x43
May 29
108%
Mar
12
81% Jun
7
Jan
26
110
9
13%
Mar
Jan
11 Va July
18% July
22 Va
Dec
22
Jan
96%
Jan
56
Jan
68
H)V
Dec
110
Jan
106%
105%
Oct
\
July 7
Tuesday
t
I per share
*107
108'A
*107
f
snare
.
19%
19%
19%
110%
*110%
110%
47
47
19%
19
3,500
110%
*110%
1,
•
*46%
:v>
47%
900
48 %
47%
47%
47
47%
28 y2
29%
29%
30%
28%
29%
28%
29%
28%
29%
41,600
69%
69%
69%
69
69
69
69
67%
68%
135%
1,300
68
136%
57
*198
19%
197/a
*41%
43
247
*121
*121
122
35
Dec
16 %
Apr
22
July
16% Jan
22
19% Jun
26
13
Jan
18%
9
110 % Apr
12
97
Jan
Mar 22
51% Feb
15
35%
Apr
50% Aug
32% Jun
26
15 3/a
Jan
23%
Dec
15
19%
Jan
35:,/4
Dec
16
62
Jan
*22y4
25
56
56
56
*56
198
199
*195
44
*43
43%
*42%
43%
*42
40
3,900
19%
19 y4
19%
19%
248
249
248%
248%
247
121%
121%
121%
121%
248%
480
*121
121%
26 '/a
12,100
Jan
22
23
39% Jan
8
24%
Jan
293/4
2
25% Jun
23
113A
Jan
18% July
$5 non-cum preferred——No par
Harlem RR Oo_
—
—B0
41
Mar 26
57
162
Mar 26
200
No
—
N Y &
N
SLtpbldg Corp part stk——1
Noblitt-Sparks Industries—
_B
Norfolk & Western Ry
-100
Adjust 4%
pfd
non-cum
26ya
25%
26
25%
55%
551/4
*55%
56
*55i/4
56
900
6%
57
57
56%
56%
58
58
200
13 Va
13
13%
12%
131/a
*108%
*108%.
—
—
33%
*33%
31%
*110
*110
110%
42
42%
50
54
14
24,800
220
110%
3,700
States
Northwest
Oct
543/4
Dec
2
7%
Jun
11%
100
Jan
Jan
22 %
112
Northwestern
400
10%
53y2
13y2
13%
900
200
Ohio Edison Co 4.40 %
17%
11,600
14% July
3
116% Mar
6
26% Mar 27
47% Jun
52
Preferred
Dec
Dec
Jan
1153/4
Apr
17%
11
5Q
Oct
106
.
Jan
31%
Dec
37%
28
46
Norwich Pharmacal Co
111%
July
57
No par
—50
Norwalk Tire & Rubber
10%
110
2
50
No par
—
Telegraph
*52%
14
56
Jun
xl3%
210
*13%
Jan
51%
26
50%
14
Jan
52
23
26
42
*13%
153A
23
Jun
35% Jun
50
14%
*13%
Dec
28
58% Feb
1103A Jun
41
531/2
193/4
Sep
26% Jun
9
50%
*10%/ 10%
Dec
47%
31
41%
*52%
Dec
1223/4
173A Jan
41%
10%
218
Jun
105% Jan
*50%
531/2
Jan
116%
20
50y2
*10%
Jan
193%
2
9 % Jan
42%
*52%
333/4
21
Mar
1
50 y2
10%
21
Jun
124
—50
100
$5 pfd-No par
Pow
Airlines
251
13
6
Co
Northern Pacific Ry
Northern
2
Jun
16
51
*52%
13%
*noya
110
110
■
33
443/8 Feb
20
Jan
120
10y2Jan
Aviation
American
Northern Central Ry
'
''—4*
North
Dec
533/4 Jan
42%
54
10%
-*52%
32%
333/8
32'A
9,600
Dec
Jun
23 %
533A Jan
preferred series
preferred series
43
50%
10 y4
*108%
*108%
__
33%
110
110
110%
42%
50%,
10%
32%
34%
12%
12%
443/4
198%
Jan
30%
129
10
53/4%
53
*56
Jan
Jan
9
50
50
North American Co_
25%
55%
37 y2 Jan
219
100
Dec
14%
July
July 11
24% Mar 14
18% May 24
Y
26%
12%
Dec
118
2
25%
12%
Jun
Jan
55'A
*56
75% Jun
148
Dec
17
26ya
13
:
32
103% Jan
Dec
109
28% Jan
55 y4
*108%
'«?■."
22
..<>
104
28
par
York Dock
55%
I
21% Jan
100
No par
N Y City Omnibus
25%
*56
Jan
45
No par
100
-
preferred series A
Corp
6%
50
249
121%
Central
109
No par
N Y Chic & St. Louis Od—
400
199
19%
York
New
New
58
200
19'A
43%
:,900
'
25
*22%
•>
24
„
Mining Corp
New York Air Brake—
1,600
34%
•
56
19%
*42
248
34
*33%;' 34
200
57%
200
19%
247%
*22%i
25%
*56
198
33%
134%
136%
135%
135%
33%
33%
*22 y2
57
198
135%
137
33%
25%
*22 'A
.
Apr
23
108% Apr
393A Feb
4
'
33
Newport Industries.
19 Va
33%
27%
Jun
Newmont
2,700
*noy8
136
28
28
1,700
26
19%
33%
106
22
25
34%
25%
110%
Deo
Deo
Jan
183/a Jan
34%
26%
19 Vs
Highest
105% Jin
34%
25%
*110 ya
1944
I per share
I per share
1
Newport News Ship & Dry Dock-—I
$5 conv pieferred—No par
34%
26
19 Vo
I per share
Lowest
Lt Co 4% pfd_10Q
—;
10
34%
19
Highest
f per share
Far
26%
26 %
Year
Lowest
'/>'>>/
/>
>7'
25%
*110'/a 110 y2
135
'■'•■■
.7'
34%
26%
*47 '
' EXCHANGE
New Jersey Pr &
108
*107
7
35
26
•"»
Shares
I per share
108
*107
the Week
Range Since January 1
STOCK
NEW YORK
Sales for
July 13
July 12
$ per snare
108%
*107
108%
34%
•34y2'
341/2
S per
f per snare
per snare
Friday
Thursday
July 11
July 10
July5)
•
Range for Previous
STOCKS
PBICES
Wednesday
LOW AND HIGH SALE
Monday
Saturday
Feb
50 %
*
Apr
11
6% Jan
2
12% Jan
pfd—-—100
107% Jan
Dec
1
4%
Jan
7
Jun
16
40%
Jan
53
Oct
3
143A Jun
18
12% May
16
Jan
12
1113/4 Mar
7
109
Dec
20% Feb
28
11% Jun
55
Mar 17
2.50
Jan
July
0
110%
17%
*110
110%
173/4
27%
*110
273/8
27
-
17%
1091/2
109%
14%
13%'
27%
-
27%
110
111
116
116
20
20
*19
20
26
26
26
1163/4
116
116
*160
1163/4
2,700
230
110
110
14
116%
143/a
4,200
116
14
14
14%
117
27%
26%
27%
111%
26%
116%
90
26%
25
*24
25
*24
77
77
77
*75
65
>:>
,
25
■
*24
2,400
>
77
-—
10
66.
66%
65%
66
14%
14%
> 14%
14%
14%
14%
6%
141/4
•13:
24
3
11% Jan
2
107
Outboard Marine &
Outlet
Owens-Illinois
64%
.2,500
*14%
143/4
500
*133/4
14%
Pacific
1st
16 3/4 Mar
117
Jun
Dec
8%
22
16
18
108
147
30
74
Feb
7
79
Mar
-5
64
Jan
58
Jan
2
69 3A Apr
3
28% Jun
Dec
24 Vs
May
22% Jan
Dec
14%
Apr
7
Oct
:ll3/4 July
Jan
Jun
28% Feb
164 % Jun
Oct
108%
Apr
99 % Aug
7
23
20% Mar
28%
8%
5
2
12.50
Co
Glass
Sep
105
113% Mar 14
4
Nov
153/a
233/8 Nov
26
par
No
104%
8
Jan
155
Mfg__
30% May
13% Jan 22
100
2.50
Co
Jan
23% Jan
—No par
preferred
15
*14%
Jan
—
Otis Elevator—
14%
66%
Mar 27
106% Jan
No par
4%% convertible preferred—100
Omnibus Corp (Tho)—
6
8% conv preferred A
100
Oppenheim Collins
-10
Oliver Corp.
64 %
65 %
66
17
24%
No pat
OH Co
Ohio
40
25
*75
>>
77
800
26%
166
*163
163
163
20%
26%
26%
263/4
-
163
20%
20
20
20
20
*160
163%
>•■■ *75 >'■
77
*75
>
263/4
*24
25
*23%
27
*110
273/8
'
163
163
17%
18
17%
173A
110
•
14%
143/a
14
„
17%
17.%
*110
110
110
111
*110
Ill
Aug
157
Sep
6
75%
64
55% Feb
Dec
jun
P
r:
•
*53
67
X65%
65%
*65 y4
66%
28%
28%
28%
28%
28%
283/4
130
40%
40
401/4
40
40%
40
40%
7,800
52%
53
523/4
523/4
53%
53%
>53%
53 3/8
52%
52%
53
513A
52%
*51%
52%
129%
130%
65
53%
v
i:
'
58%
*52%
,
131
130
132
172
7
/
*172
7%
172
*52%
130
173
131
172
132
7
172
7ya
73/8
211/4
21%
21%
7%
213A
22%
7j/8
7%
7y8
•71/4
7
2iya
19%
20%
,19
193/4
3V8
2%
*14%
2%
15%
32 'A
32%
108%
*108
57/a
*5%
5%
70
70
*109
32%
41%
33%
5%
5%
—
53A
57/8
*67
69%
*67
32%
41%
,41%
33
>-
Packard Motor
30,400
Pan
351,000
»
3C0
14%
5,700
34
108 y2
180
5%
1,900
100
—
Panhandle
4%
323A
313A
41
40%
13,700
321/4
40%
41
Paramount
1,300
Park
Inc
2%
2%
2%
2%
H 2%
4,500
31%
30%
31%
31
31%
X30%
•30%
30%
303/4
2,800
Parke
24%
24%
24%
24%
243/a
*24'A
243A
*243/8
24%
300
9%
9%
9%
9%
9%
9%
93/a
9%
9Vb
9%
5,300
Parmelee
Transportation
Mines & Enterprises
&
2%
19%
19%
19%
68
68
116%
117
19%
19%
117%
117%
35
35%
35%
36
A-15
15%
15%
15%
6%
6%
> '
*6%
353/a
*15'A
6%
6%
*81
81%
*80
24
*22
24
*112
39
33
32%
/ *86
118%
*67
119%
9,300
Patino
ICO
Penick
120
3,000
19%
118%
119%
36 »A
35 y4
35%
35.
353/8
6,100
15%
7 ■•■>
15
15%
143/4
14 3A
700
63A
6%
7%
so
80
*80
82
■24
*21
24
3,000
6 3A
79
81
> *21
•
3 8'A
39
393/4
391/4
38%
38%
39
39
1,000
700
*32%
33%
*32%
33%
861/4
87
87
*86%
88
19%
18%
18%
*18
32%
88
19
88
*18
33%
33
19
.
22%
22%
221/4
22%
22%
23%
22 3/4
36%
37%
38
38%
36%
38'A
37
*112
112%
105
>> 105%
110%
>105
110%
*108
105%
105
110%
noy4
105
*104
.
■
22%
37%
110y4
22%
37%
23
110%
,
3,500
•V
112%
104
t 105
26.200
37%
*23%
29%
29%
29%
*27%
29%
*273/4
293/8
*27%
107%
*107%
108%
*107%
108%
107%
107%
107 Vz
107%
9
9
9
9
9%
9
9
9
ny4v 11%
>11
11
V
*11 Va
11%
*11
■'•>:
ny8
11%
11 i/s
300
20%
20%
20%
21%
213/a
213%
21%
21%
213/a
21%
4,300
27%
27%
27%
28%
27%
27%
27 3/8
27%'.
27%
27%
9,900
68
66%
67%
66%
67%
67
67
G7
67%
1,850
113%
114%
66%
'
114
113
25%
;•
'
25%
25%
1133/4
*113
25%
25%
35%
107%
*111 y8
28
27%
27%
275/a
120
*27%
xl20
118%
118%
*118%
25%
36%
353/4
36
109%
113
•
.113%
*iiiye
120
*115
18%
*16%
17
16%
363A
35%
115
113
*18%
*115
51%
51%
16%
IS
18%
18%
119
*115
120%
50%
51%
3,900
51%
*
"*16%
16%
32
32
*106
107
*106
>' 107
*106
107
*106
107
135
*116
135
*116
135
*116
135
*116
135
6
:
*6%
6%
*31%
32
313/4
6%
6%
63/a
6%
•6%
81%
79%
80%
*78%
803A
9%
6%
9%
9'A
93%
933A
•
79%
81
81
9%
9%
*92
93
*18
.
18%
18%
*195
205%
V
9%
93
*195
205%
8
'7%
11%
150
*107
*204
7%
11%
11%
*107
93
#
•:
__
209
*204%
8
150
Pillsbury Mills
38%
39
14%
*22
14
*95%
641/4
85%
37
15%
*95
22 Vb
*27 Va
28
*271/8
17%
17%
18
17%
21%
21%
*21 y2
64
*64
37%
*196
15%
98
22%
*107
150
21%
I
•
64
85%
37%
150
*85%
'
373A
63%
800
59%
25
59%
25%
59 %
15
16
*95
98
900
373A
153%
21%
1,800
>
28
25
17%
1,400
21%
21
21%
10,600
213A
*21
21%
*213%
21%
I
66
64%
64%
64%
64 y8
;"
59%
59
59%
59%
59%
:
211/4
*21%
213/4
65
*63
25%
25
100
17%
17%
22
59%
30,100
'
22
22
*27 Vs
28
15%
98
*95
17%
17%
21%
60
120
25%
'24%
25%
&
Vb
'
24%
25%
200
3,400
.16,300
preferred
2d preferred
Gamble
$5 preferred—6%
preferred
106
105 3A
106
106
105%
106
115
1153/4
115%
1153/4
Xll4%
115%
115%
115%
600
120%
119%
120%
1193/4
1193/4
119%
1193A
l203/4
1203A
700
7%
preferred—
430
B%
preferred
see
135%
page
263.
135%
135%
136
136
135%
136
135%
136
——
Pub Serv Corp of N J
105%
116
134%
Jun
>
>
,
par
20
5
—1
-
■
5
50
No par
No par
—-No par
-100.-100
——100
24;%
Jan
173/8 July
Jan
37%
Aug
X70% Nov
Feb
Mar
16
Dec
5
183/4
Dec
18
110% Mar
40% May 29
25% Mar
33%
Dec
Apr
112
Jan
32~
Dec
Jan
6
Jan 23
88
Jun
28
55
Jan
70%
Dec
23% Jun
Mar 27
Jan
2
Jan 19
26
40
18
5%
Jan
173/4
Jan
2
22%
Dec
26%
Dec
43% Jun
18
10%
Jan
19%
Dec
117% Jun
11
54%
Jan
96
Dec
116% Jun
25
333/4
Jan
65 %
Dec
93/4 Feb
105%
Oct
7
Sep
121% Jan
40%
Apr
29% Mar
1
20%
Feb
68-y4 July
3
49%
Jun
59%
114% July 10
88%
Jan
108%
Dec
21%
Jan
263%Jun
28% Apr
19
25
16
122
>71
-
May
'
233/4 May
117
Dec
263/0
19
7
24%
Jan
8
82
Feb
Oct
6
11%
Feb
Oct
96
113
16 %
Apr
213/4 Jun
Mar
120
Mar
55
20
8
X98
8
32
9
Feb
9
■12% Jun
433A Jun
198
Jun
6
9
17% May 22
28
108
5
Jan
Nov
Nov
.
171
Mar
Apr
190
-Aug
>43/4
.6 3/4
.
_
Jan
82
Sep
57% May
11% Jan
8%
Jan
175
-
14%
Nov
Oct
833/4 Nov
Sep
-19% July
19 %
Jan
25
8%
Apr
13%
Dec
11%. Apr
18%
Dec
-18%
Dec
27
113/e May
27
,
62 3/4 Jun
"4
35% May
52% May
Jun
21
13%
9
3
Dec
223/4 Aug
16%
21% Jun
138% May
-73
May
18
2
Jan
■
Nov
175
28
14
Dec
-613/8
•
45
6% July
9% July
100%
Sep
25
Jun
-
-
-
21% jun
123% May
-
Apr
•19% Jun
109% May
Dec
Jan
Jan
183
30
X117
17
*
11%
164%
253/a Apr
28% Jun
jun
Dec
10 3/a
90
69
26.
Dec
Dec
92%
Feb
11
65
July
¥%
>
Jan
Jun
98,
14% July
Feb
-
26.
Nov
48 s/8 July
•7% .Apr
,9
261
Oct
July
683/4
19.
Jun
,
July
117
<
Apr
61
•
27A
693A Jun
91
Sep
:
23%
28
May 28
105
37
105% Nov
July 10
205% July
-
Jan
42%
6
May 23
•
108 % Feb
-
Dec
119%
Apr
Apr
117% Jun
r
Dec
26 3/o
May
40
2
3
Jan
5
.—
102% Feb 16
106% Jan 30
110
Jan
4
9%
24% May
•
17% Jan
2
24% Jan
3
12% Jan
8
16% Jan 22
17% Jan 30
/ 50% Jan 22
55
Mar 27
17
Jan
2
107% Nov
3
6
July, 13 ■ >>,8% Jan 2
94 ;
Mar
1
,-79% July 9 J
10%. Feb 19
8% Mar'22
96 i Mar
7
7 85% Jan 15
20 *' May
5
153/4Jan 31
Jan.
2 8'% July
233/a Mar
28
Dec
113% Mar
>7>
No par
Apr;:
Jan
—
i190
Dec
Nov
9%
r
•—
Dec
59%
113
2%
21
01
25
Jan* 2
106% July 9
No par
1st
107
1,230
Jun
26% Mar 19
1 Mar 29
44% Jan
2
11
Jan 23
25
—
Pressed Steel Car Co Inc__w
&
13%
8
111
—No par
—
1
B_
120%
footnotes
;
Pocahontas—
114%
For
100
Chemical Co—No par
103
105%
par.
No par
.100
No par
5
Plymouth Oil Co—
conv
173/8 Jun
203/4
Apr
Apr
933/4 Feb
2
23
Jun
83% July
51%
38% July
25
Jan 23
57
Jan 25
106% Jan
2
21% Jan
2
25
Jan
2
118% July 10
31% Mar 27
90
Jan
4
107"% Feb
6
143/8 Jan 20
par
Inc——
Poor & Co class
5%
15 s/8
21%
—
Procter
24% Mar 12
19
6% Jan ' 4
8% Jan.- 2
10099 * MarlO
100
49% Mar 27
100
> 68
Feb 20
Pittsburgh & West Va
100
21Jan
2
Pitts Young & Ash pfd———100
198
Jun
9
Pittston Co. (The)
—_1
12% Jan 19
Preferred
±
-100
> 74% Jan 27-
conv
23%
Jan
393/8 Apr
20% July
Ry—100
preferred.——
TOO
5%
Feb
4%
Mar 22
3
10
preferred
Creek
31% Aug
18%
25
108
Pittsburgh Forgings Co—I
Pond
Apr
28
10% Jun
5
2
2
6
Pittsburgh Steel Co—
—No
7% preferred class B—
5% preferred class A
—
5%% 1st ser conv pr pfd
i
26%
27% Feb
Apr
29
Pitts Screw & Bolt——No par ■
.
88
333% May 17
Jan
9% Jan
4.800
v
37% July
2% Dec
233/a
Jan
8
•
1%
Sep
1%
106% Jan
preferred 7——No par
$5 conv
Dec
:> 27
20
5
3,800
:
!
*
*61
10
T
>*
*196
*196
213/4
7%
11%
63 VA
•>>
38
*27%
207 %•>
73A
*107
86
16
28
400
18%
11%
'
150
62%
100
22%
30
;
94
30
5
3 3/a Jun
100
-
Pitts Ft Wayne & Chic
*204
205%
7%
*83%
,
183A
Jan
45% Mar
?
May 29
Pitts
.
11%
27%
21%
*204
73A
22%
21%
205%
63%
%
..
Hosiery—
Coke
Dec
30
700.
>
;
July
109
2
GOO
80 'A
61
Jan
6
Pjtts C C & St Louis RR-*——100
Pittsburgh Coal of Pa—'—
.100
6 %
preferred—
—100
3,100
*195
11%
17%
21
18%
7%
27%
*21
*93%
•94
11%
*107
-85
100
183A
*195
$4
Mar
Jan
Dec
Jan
Apr
100
Phillips Petroleum-
10
:
«
9
9
11%
64%
85%
196
13%
*95
*93%
19
80'A
9
7%
63%
*196
9
*195
11%
63%
39
39
*18%
18%
85%
62%
*83
313A
Jan
53/4
Jan
45
103
Jan
14%
21%
19%
92%
No par
4% preferred
Phillips Jones Corp
7% preferred™—
2%
25
5
26
Corp
Phcenix
:
6
*116
32
■
19
6% Aug
6
34% Jun 22
Jun
71
63
preferred
800
17
31%
106 %
6
69
No
preference com
400
106 y4
:
300
19% July
114% July
Dec
28
Mar 12
100
100
33%c
100
100
Philip Morris & Co Ltd
>
*30%
31'%
$1
Philco
100
18%
4
No
com
1,300
112
X112
preferred
4.4%
Feb
173/4 Mar
34% Jun
113
113
21% Jan
12% Apr
62
i
Corp of America
3.300
36'A
115
> 115
2nd preferred
Phila Electric Co.
30
83A
109% Jan
17%
3
100 /. 112
May 5
50
33'A Jan
2
—10
37Va Mar 28
5
30% Jan 18
7
Phelps-Dodge
Corp
25
Philadelphia Co 6% preferred—50
$6
Jan
26
May 28
Pfeiffer Brewing Co
...
,
1
Pfizer (Chas) & Co Inc new——1
2,400
115
120
50%
51%
5,600
>
273/4
119%
*111%
18%
*115
120
51
26
27%
*118%
36%
113
*18
25s/e
25%
27%
119%
Co
Petroleum
50
'
27%
1151%
113
*115
17
253/4
*113 >/ 1133/4
1133A.
*118%
36%
112
18
*16%
25%
27%
111
18
50%
*113
120
*112
*17
50 y8
>
4%%
120
1,700
93/8
*9
v
•
3%
4% July
May 17
Dreferred
Milk
Feb
100
prior preferred
5%
Pet
to £
No par
Co
Co
5%
900
100
29%
107%
Pepsi-Cola
Ry
Pere Marquette Ry Co
1,100
104
Eastern
&
Jan
73A Jun
Mar 8
Jan. 22
Jan
5
Mar
Sep
73/4 July
43/8
72
par
preferred
Peoria
393/8
163
123
No par
No par
100
39%
*18%!
5%
Dec
Jan
9
10
13
2
26
3
par
No
A
400
12,400
39%
33%
19%
.
Cement
Dec
Apr
149
Jun
#28% Jun 30
1
5
63/4
18'A
59
106
No par
Airlines Corp
1
Coke Corp
10
Pennsylvania RR
Pennsylvania Salt Mfg Co
Peoples Drug Stores Inc
Peoples G L & Coke (Chic)-
39%
'
'
*18
Coal &
29% Feb
21% Jan
.
$7 conv pref ser A
Glass Sand Corp—
77
39'/a
39i/4
Penn-Central
Penn
Penn-Dixie
423/4
123%
22% Mar
22
24
No par
10
No
Co
Jan
73/4 Jan
27y2Mar26
2.50
Ford
(J O)
25%
117%
175
Mar 26
July 12
Jan 31
Apr 26
Jun 15
32% Jan
;>>2%Jan
No par
Co
&
Penn
*112
*112
Penney
400
/>
24
/
Davis
54% Jun
6% Jun
1
Parker Rust Proof Co
69
19%
197/a
69
861/4
87
23a
■■
*38%
39
38%
*37%
19 3A
*67
*112
*112
38%
20
*21
:
82
*22%
;
3
69%
*67
69
*67
118
2%
3
Dec
17%
3
109% Apr
1
Mines
Park
30%
:
Dec
48
43/8 Mar 20
1
ex-privilege
Consolidated
Utah
Dec
35 Va
Jan
56
Jan 16
108% Jan 17
100
Inc
Pictures
Tilford
&
25%
Jan
393/4
1
No
Inc
preferred
conv
Jan
30
par
& Ref
Prod.
Cos
Paraffine
Jan
1323A Jun
2
16%
Rights
—1%
Pan-Amer Petrol & Transp
5
13%
Panhandle East Pipe Line—No par
29%
5.60% preferred
100
107%
Airways Corp.—2ya
24%
>>
5'A Jan
No par
Car
American
Apr
53 % July
32% Apr
3
3
8
3
>
32%
41i/«
Pacific Western Oil Corp
121 % Jan
I6OV2 Jan
6
Mar
16y4 Jan
Sep
13
48%
423/a Jun
2
48
Jan
3
38% Mar 27
100
100
—1
10
Telep & Teieg
Pacific Tin Consol'd Corp
*109
*109
33%
,
34'% Jan
par
preferred
3,100
>
693A
*108'%
103
108
693A
*67
41%
■
>> 14%
*109
32%
32%
41%
5%
5%
14%
33%
1%
6%
193,200
2
1%
14%
32%
108
108
70 y2
*68
*108
33/
108
108
2%
>15>"
2%
*14%
33%
32%
Mills
Pacific
7y4
19
33%
2
3%
15
*14
No
19%
7%
7%
20%
Pacific
9
Jan 24
24
No par
8,900
73/8
22%
7%
45V4Mar
/
25
Electric
&
Gas
14%
Jan
Sep
8%
39
July 11
67
Jan
10%
153/4 May 21
15% Mar 17
preferred non-cum—No par
preferred non-cum—No par
Pacific
70
7%
20%
2
20
Pacific Lighting Corp
380
22%
7 Vb
13 Vi Jan
11 % Jan
400
">
7%
20%
8
10
Co
800
172
172
2nd
Coast
'
132
131
172
172
7%
21
20%
'>■■' 20%
290
65%
28%
40
28%
40%
65%
28 y2
65 y8
64%
*28
>:>: 40 %
*13
141/a
*13
14%
*13
Pacific Amer Fisheries Inc
Jan
55'A
-59
■
183/s
May
Dec
July
Deo
87%
Jan
183/s
Pfl
Jan
-1093/s
Oct
113%
Nov
122 %
Dec
104%
Jan..
113%
Jan
Dec
Volume
CHRONICLE
THE COMMERCIAL & FINANCIAL
Number 4403
162
NEW YORK STOCK RECORD
July 10
July!)
July 7
9
f per share
115'A
19%
112
109%
19%
112
♦111
53'%
19%
19%
110
26%
16%
*16%
16'%
112
300
110
112
112
200
*108%
26%
17
*16%
'
17
Purity Bakeries Corp
2,000
26%
26'%
'
'
Q i/»
9
9
100%
104%
12%
13'%
13'A
-
86
8 6'/a
86
9
*
9%
99%
104
99%
104%
*35
36%
100
100
104
104'%
36%
36%
26%
27%
26%
27
*47%
48
48
:
45
43%
'
22
*21
:
36%
36%
20
Jun
26
37%
Jan
52 ya July
21
Mar
7
14%
Sep
18
9
109%
Jan
115 J/4
Nov
5
103
Jan
108 ye
Dec
Jan
24%
Oct
111'A July 10
115% Apr
106
109% July
May
4
26%
25%
27
153/4 Jan 22
; 18
47%
13% Jun
18
8%
Apr
12
873A Jun
'28
69%
Jan
80%
Jun
25
7%
Apr
10% July
26
85%
Jan
107%
122
'••*76%
79
,*78
22
*22
117'/a
122
*117
34'A
32%
33
34
35'%
35'%
27%
27
27'%
26%
27%
27
101'%
*100
102
♦100
102
*100
101%
22%
22%
22%
22'%
22%
22%
23
22%
10%
10%
10%
10%
10%
<11
10%
24 %
24%
24%
23%
24i%
23%
24%
24'%
110'%
*109%
110'%
*109%
110'%
*109%
110
*109
110
16%
17%
17'A
17%
16%
17%
16%
16%
104 %
*1041/4
105%
*104'A
105%
*104%
105%
104%
21 J/4
21%
21'A
<21%
21 'A
21J%
21%
21%
107'%
21'%
107%
17%
18%
•*17%
34%
33%
108
107%
34'A
108
107%
17
108
108
8 %
36
20'A
44
44
45'A
45
45
44%
45
20%
20%
20%
21
20 3A
20%
20%
20%
*1103/4
1113/4
110%
111
110%
111
11%
12% 7
11%
11%
11%
63%
63%
64'A
63
633A
62 3A
63%
108
♦106
;
107
107
,
'
*49'A
50%
50
50%
*49%
:Ht'
107
*106
"
50
'
113
*112
113
112%
112%
*110%
112
112
112
112
112
*25'A
26
'
•
7%
7%
119%
120%
203/4
20'A
*113%
114'A
*8'A
114'A
♦113'A
89%
-a/:
20%'
8%
8'/a
21%
91%
90%
90
:13% :
133/4
13%
133/4
13%
753/4
76
75
16%
16%
16%
16%
60
61
61
27 y4
27 y4
27 y4
27%
■
—
—
.
7%
363/4
353/8
♦35
■■V:
26%
27%
35%
■:"F.
16%
16%
163A
16%
163/4
xie
49
49
49%
49
16%
16%
17'%
17%
17'A
17%
17'%
23'A
24
*66'A
*32
32%
16'%
16
69
68
•
32
32
*32
32%
16%
16
16
16'A
V
16%
1,500
173%
90O
•
16%
43A
45%
4%
-43A
4%
43A
4%
4%
21%
21%
21%
213/4
213/4
213A
213A
213A
213A
1,000
48%
49
49'A
50'A
50'%
51
50'%
51%
49%
51
5,900
♦176'%
178
♦176'%
*175
*176
177
31%
178
:
313%
20%
31%
31%
20%
'20'A
;/ 313A
313/4
20%
313%
20'%
■
4%
20%
*20
■
313A
*176%
313A
203A
178
3,200
20%
"
20%
900
24,500
51'A
53%
54
55
53'A
54'%
53 'A
54%
53'A
54
48%
49%
49%
51
493A
50'%
49'A
503A
49'%
50 5%
8,400
79%
79 %
79%
80
79
79%
79
79%
79
79
2,300
90
*88
*88'A
90
10
15
14%
15
8
88
88
♦88
15
15
15
7%
12%
*76
*35
31%
90
*88
90
14%
15'A
*14%
15
x7%
7%
X73A
8
7%
14
*12%
14
*12%
84%
*73
84%
*73
73%
•
7%
*12%
84%
*35%
36
36
30%
313%
31%
31%
5,300
69%
100
323%
31%
32%
30%
31%
69
*673A
69
*673/4
69%
673A
54%
*52
54%
*52
54'%
51
*673A
673A
*52
52
i *50%
52
8,400
15%
16%
16'%
16%
16
16%
15%
16
153/4
16
89
89%
893A
893A
893A
893A
89 3A
89 3A
89%
893A
43
*64
108%
*108
35'A
113
433/8
44
*112
1133/4
♦
108%
.
*
66'A
67
111%
108'A
108 3/a
*108%
108'A
108%
*108
108%
108%
35%"
35%
35'A
140
113%
113%
*1123A
113%
*106"%
*
108%
353/8
900
113'A F
100
35 V
*112%
■
■
7%
89
106%
7%.
73/4
90%
89
107
107%
7'A
73/8
u
7'A
75/a
7%
.
7'A
91
91
90
90%
600
107
105
105'A
3,000
42%
8,700
.91%
106%
107%
42 3A
43%
423/s
42%
42%
'•
v
3,700
7%
106
*90%
107'A
913A
30
433/8
433/4
43%
43%
37%
38%
38
383/a
/ \ 37%
38'A
375/8
37%"
373/8
373A
9,100
63%
633A
63%
63 3/8
62%
633/8
61 'A
61%
61 'A
61%
16,500
20%
*120
13
203/a
213/a
*119
123%
13 VA
13%
21 '/a
123%
13%
k
20%
*il9
13%
21
123%
14'A
'20%
*119
133A
21
123%
14
20%
*118
133/4
*37%
9,100
21
123'A
v-
F
16.100
14%
400
38
38 %t
37%
38
38
38
38
38
35'A
353/4
36
36'A
36%
37
36'/»
36'J/4
36'A
36%
2,800
193/s
193/8
195/B
193/s
19%
19%
19%
193/4
19'A
19%
2,700
173/a
17%
17'A
17%'/20'A:
5.000
*38
17%
17 5A
17%
173/4
17%
173/8
*203/a
20%
20 y4
20'A
20'A
20 y4
20%
20 y4
*20 Ya
14%
15'A
143A
15
143A
14%
14%
143/4.
5,100
25%
253A
16,700
-
14 %
143/4
25
25'A
24%
253/4
61
61
60 3A
61
243/4*60
25'A
24 3A
253A
61%
59'A
60
♦58%
20
6%
13%
R.80O
125%
*123'A
124%
6'A
6%
*6'A
63/e
6'A
13%
133/4
13%
6'A
13%
6%
133A
133/4
13'A
•25'A
25%
25%
253/4
25%
25%
*105
110
*105
*123'A
123%
6%
*105
110
'
29
30
29%
125%
110
30
*123'A
29%
*341/8
*34 Ye
35%
*22%
For
35%
*34'A
23%
*23
23%
*23
footnotes
see
page
263.
25'A
102
25%
105
1,000
124%
14
6'A
•
61
*123'A
13%
Xl23%
1,200
25
*102
3,000
25%
-
3,000
200
106
1,900
30
29
29%
*28 3A
29%
35%
34
34
*33'A
34
100
233/B
100
23%
*21
?i%
233/s
:
.
conv
4%%
7
99%
17%
111%
26
136
Jun
1
8
Jun
1
163% Jan 22
78
Jan 3
.
15
v
1
5
1
5
pfd (4%% cum)
Sunray Oil Corp
Sunshine Mining Co
Class. A
Superheater Co (The)
Superior Oil of Calif
Superior Steel Corp
Paper Co
Swepts Co of
Amer
5
1
20
Sun Oil Co
Sutherland
Mar 9
Mar 26
May 15
Jan 23
Apr 26
Mar 27
Mar 21
Jan 2 ?
Feb 2 '
Mar 26
''The)—
9
26
1
No par
1.
No par
100
1
10c
No par
23
100
10
12%
2
4% Mar 26
21
Mar 26
40'% Apr
4
155
26'%
17
38%
32%
64%
80'%
-
Apr 20
Jan
Jan
Jan
Jan
Jan
Jan
2
20
31
22
22
5
Jun
6
573% Jun 26
52'% Jun 26
81% Jun 26
89
May 8
37% Jan 10
3
58
Jan 20
108
May 25
107% May 28
28
Jan
2
IUV2 Jan 2
2% Jan
2
67% Jan 23
78% Jan 23
38'A
33%
56
20%
Jan
Jan
Jan
/
July
.118% Jan
9'% Jan
35'% Jan
35
July
16
2
2
24
13
24
22
20
5
Jan 22
10% Jan 2
18'% Jan 2
10% Jan 24
-18'%
57'%
Xl23'%
6
10
23
79
25
Jan
Jan
2
4
9
July
Mar 27
Mar 9Mar 26
Jan 3
Jan 22
Apr 11
31
173% Jan
2
May
Jun
Mar
Apr
May
Jun
May
May
May
May
9
8
20
29
2
29
7
45% Apr 24
116% May
8
72'% Jun
113% Jan
6
5
1143/4 Mar 16
37'% Jun
114'% Mar
8'A Jun
96
Jun
109% Jun
45% Jun
39 3% Jun
66'% Jun
23% Apr
137
Feb
14'A Jun
39'A Jun
38'A Jun
213A Apr
19
Jun
4
1
Dec
Dec
Jan
9'A
Sep
39%
105
1 Jan
109 %
Dec
37% Mar
> 45 Vis
Nov
Dec
109
Feb
115
Nov
108
Jan
110
Jan
20%
Sep
2%
.
Jai)
84
Feb
16%
Feb
~8
Dec
13
25% May
8%
Dec
106%
Dec
24% July
9
Dec
May
18% July
63%
Jan
78% July
11%
Sep
14"% Mar
72
Jan
76'A
Oct
9%
Jan
48%
Jan
61%
Dec
20%
Sep
28'/a
Apr
3
May
24% Apr
23
Apr
35'/a
Sep
31 %
Dec
Dec
.
,
15%
7%
10%
Feb
16
35 ;
Sep
42%
Oct
Dec
Jan
/13%
Apr
18%, Jan
22
Jan
23 '/a
Jun
29%
i
Feb
54'A
Deo
23
Apr
31 y4
Dec
12
Jan
14 3/8 July
Jan
5% July
3%
20%
Dec
28%
Jan
141 •'
Jan
213a
Dec
45 %
Dew
162
Det>
22%
Apr
26%
13%
Jan
23%
Jan
17'A Aup43 % De*
20
Jan
34%
Oct
Dec
40%
Jan
69
Dec
54
Jan
82 %
Dec
12
Nov
13 'A
Dec
4%
Jan
5%
Jan
9
Feb
75
Dec
May
22% May
36% Jan
85
Dec
15
1
25
Dec
7
16
19% Mar 6
24% Jun 5
77
Feb 26
35
Mar 7
17% Apr 24
53% Feb 1
23'A Mar 19
x513/4 Jun 14
175
July 3
31% July 13
38 %
115%
30
27
14
27
95
May 16
153% Jun 1
78'% Mar 10
18'% May 29
67% Jan 3
28% May 8
8% Jan 17
41% Apr 23
36
Jun 12
173/4 Mar 7
15%
8'%
15'A
87'%
38%
36
72%
56
17%
92%
Jan
28
7
21
11% Jan 24
6'A Mar 27
7% Jan 2
80
Feb 2
32
Mar 27
27'% Jan 24
47% Jan 12
54
Jun 27
123% Mar 27
76'% Jan 9
109'% July
27% May
110%
Feb 19
54% Mar 7
15% Jan 2
223% Jun 22
48% Jan 22 y.
30
Jan
3
13% Jan 2
——
.
•
27
9
Jun
122 % May
22% May
114
Jun
10% Feb
23% Jun
8
Mar
41% Jan
Sterling Drug Inc (new)
Stewart-Warner Corp—
Stokley-Van Camp Inc
5%
prior preferred
Stone .& Webster
Studebaker Corp (The)
Apr
May 22
28
20
No par
(The)
Aug
5
17
9
28
26
23
51
May 29
114% Jun 13
112'A Jun 25
Jan
July
July
Mar
Jun 19
23
L S—
Starrett Co
16
sy4
46'A May
23% Apr
115% Mar
12% Jun
68% Jun
111 Feb
23
12
11
27
Jan 2
Jun 22
x42% Feb 23
111'% May 16
108'A May 1
37
20%
110%
8%
38'A
xl053/4
—10
—-100
of Ohio
preferred
Nov
21% May 18
_1
Standard Steel Spring
Dec
09%
39'A May 19
preferred
Standard Oil
233/4
1
8% Mar
100
Squibb (E R) & Sons
No par
$5 pref series A
—No par
$4.25 preferred
No par
Standard Brands, Inc
No par
$4.50 preferred
No par
Standard G & E Co $4 pref—No par
$6 prior preferred—No par
$7 prior preferred—
No par
Standard Oil of Calif
No par
Standard Oil of Indiana
25
Standard Oil of New Jersey
25
5%
40
109
preferred
Dec
Apr
25% July 13
1
No par
1
No par
No par
1
No par
No par
2
No par
Square D Co
1,800
v
*107'A
35%
*1123/4
Conv $4.50
600
,
35%
433/a :•%
111%
"A"
Spiegel Iuc
280
65
65
109
*1123/4
113
67
113
108 % " 108'A
•35'A
35'A
V
*42%
43'A
43%
*111'A
433A
113
'65%
*108
108%
♦111
65%
65%
65%
43%
44
113
:
Splcer Mfg Co
$2 preference series
20
Jun
27
100
Spencer Kellogg & Sons
Sperry Corp (The)
200
,
24
13% Feb. 28
—25
7.50
Southern Pacific Co
No par
Southern Railway
No par e
5%
non-cum preferred—
100
Mobile & Ohio stk tr ctfs
100/
14
*73
36
27'A May
.
21'A Jun
Edison
Southern Natural Gas Co
Spear & Co—
$5.50 preferred
14
84%
35'A
3
•
.
X83% Mar
14%
Jan .30
,102
Feb
.
39% May 31
Southern California
sparks Withington
*12'%'
36'A
5
21% Mar.
15
preferred
,18
.
28aA May 18
22
35% Jun
No par
Porto Rico Sugar
Spalding (A G) & Bros Inc
♦73
*35%
35% July 12
Dec
22% May 21
No par
10
1,400
84%
36'A
3
108% Jun
Corona Typewriter-No par
8,400
7%
13
3 5'A
*67%
*111%
8%
178
31%
&
Southeastern Greyhound Lines
South
'
Nov
15
Socony Vacuum Oil Co Inc
South Am Gold & Platinum
2,300
4%
21%
F
Smith
29,400
18
106 % May 14
3
Iron.
&
Smith (AO) Corp
100
Feb
12'% Mar 27
A
Steel
$1.20 preferred
1,500
16%
Steel
Skelly Oil Co
Sloss-Sheffield
24
69
323%
*32
Dec
11%
20
17% July 10;-
No par
No par
No par
Sinclair Oil Corp—
21,800
85'/4
9
74
13%
59%
25%
53/4
32%
30%
Coalition Mines
Slmonds Saw 8s
.
163/a
68%
68'%
32%
*32
16
69
69
67%
Simmons Co—
49%
♦23%
24
*23'%
24
*23'A
24
23'A
67%
Silver King
1,300
17%
17'%
Oil
6.900
•V;;-"
Jan
2 *
;
Jan
No par
No par
No par
13
..
conv
3,800
V
49 %
:
$3.50
Shell Union
16%
493A
•
120
35 SA
*35
'A .16%
48%
700
7%
37%
50%
82% Jan
No par
pref ser A.
Shattuck (Frank G>
Sheaffer (W A) Pen Co
27%
37%
35%
•35
49
16%
*48'%
:
■,;F
7% "
Sharpe & Dohme
700
61%
27 &
73/s
37%
560
16
*60
;
7%
36%
37
37
*35
35%
60
7%
7%
373A
60
27%
27%
7%
36%
*34%
%
7%
36%
•
60%
/. $5 conv preferred
14%
16
16'A
Steel Corp
Sharon
78%
13%
*76
16'A
900
560
-
Shamrock Oil & Gas
1,600
155
26
9
Inc
$4.50 preferred
300
F"F
92
:
8'/a
22%
92
14
78
•75
16%
60
7%
.
13%
75
:
92
92
13%
76%
112 3/4
8'/a F
22 y4
Jan
13
Jun
11% Jun .28..■!
No par
1
No par
1
No par
No par
Roebuck & Co
Servel
21%
90
..
Sears
4,200
A
8%
22%
7,700
20%
112%
113'A
8'A
Dec
90
■
110'A May 18
No par
Seagrave Corp
400
8
120'A
20
:
13
24'AJun
15'A Jan
No par
No par
No par
preferred
preferred
Seaboard Oil Co of Del
1,500
26'A
.
$4.50
$4
600
119
20%
113
5%
Savage
40
112%
112
'W~: 8
8
120
20'A
223/a
16%
■
26
83/s
60
*
253A
22%
90
Scott Paper Co
112
22%
76%
r'.
300
;
49
*48
8
114'A
107
100
*112
1183A
;
15,800
•106
8 3/8
A'-/-
8'A
23
•22
8
63
340
Jan
137
17
2
993A Jan
>..
10
5
100
5
3'%
100
Stores
preferred
Arms Corp
Schenley Distillers Corp..
5'%% preferred
49'A
25'A
7%
,; 121 Va
20%
*113%
^-
25%
25%
20%
121
121
20%
''
26
*7%
7 7%
116
*'?:
V-1V1
*25'A
Safeway
11%
112'A
112'A
*111
St
6,200
4,600
Dec
5%
No pat
J
—_
Joseph Lead
2,800
112
113%
49'A
*112
/'
■
101
*106
(The)
Co
11%
*111
F
11%
63'A
—.
12
363/4
1
61'A
111%
111
11%
.
Copper
Rustless Iron & Steel Corp
20%
20%
FF,
>
Jan
No par
No par
Mines—.—
Corp
Typewriter
45%
*45
43%
27'A
1
—
Company
Ruberoid
20'%
19%
Co
Antelope
Royal
37
*36
36%
19%
Dec
19
10
*
Richfield Oil
Roan
25%
25
42 y4
'% July
Mfg
Ritter
8
Dec
Jan
Rights
Rheem
24
25
24%
*
11%
11%
*23%
/' 7%
24
8'%
"
19%
11%
11%
•23%
.
a'a
19%
20%
20
>S"'
38%
1/64
1/64
Common
2PA
32%
1
10
Reynolds Spring
Reynolds (R J) Tob class B
/
33%
38%
39
39
preferred
conv
Jan
16
24% May .23
1
No par
100
;—No par
100
;
No par
100
& Brass
preferred
5 'A %
5'%%
18
Inc—
Motors,
15%
•Jun
453A Jun
.
22% Jan
25
<
29'A Mar 19
50
5 v
22'/a Jan
:
1
Reynolds Metals. Co—;
108
103
Dec
Mar
i 17
1
Revere Copper
105%
21%
34%
Republic Aviation Corp
Republic Steel Corp
6% com prior pfd ser A
17%
Xl04%
*<» —
1,600
24%
*109%
"
11
?
Feb
70% Apr
10
Preferred with warrants—
1 Reo
28
116'A Apr
Remington-Rand
100
23%
10%
23 %
—-
3,800 i
8
22
—
'
10%
:
'
'
38% Jun
11'A Jan
Reliance Mfg Co—
273/8
July
2
31
800
102
Dec
18v
363/4 Jan
200
"
333/4
Feb
50
34 'A
-
Jan
12'A
; 39 % May
30
233/a V
*223/8
—
28 y4
s
_
'
,»•»
7
21
19% Jan
(Robt) & Co 1st pfd— —100
.No par
Reliable' Stores Corp
.
Dec
Jan
23'A Jun
43
—
26
104% Jun
July
Mar 26
50
Rels
30
'
27%
Preferred
20
V,
101% Jun
2
13
50
2nd preferred
non-cum
Real Silk .Hosiery,
1,800
76%'-
75%
22
22
22'%
*22
23
•
July
16
$2 preferred
4%
10
2
Jan
34'AJan
343/4 Jan
Reading Company—
4% non-cum 1st preferred
3CO
20%
20'A.
78%
*76'%
3,500-
~
:
22%
—
90O
.
2C0
44
Inc_
Rayonier
4,000
47
,
*42'A
122
*117
78%
78%
78%
47
-
32
102
*100
104
.No par
1
36'A
27%
26%
pfd—-100
20%
31%
*30
"
91
3?A%
25%
20'%
•20%
-
22
V
100
Ralston
Kaybestos Manhattan—.
Co
7 ; 16% Aug
j
2
Kadio-Keith-Orp" ^um
6% conv preferred
Purina
■
••
15
7% Mar 26
200'
25%
43%
43'A
123/4 Jan
;
10'A Jan
370
.36'A
48
*47
20 J/2
117'/a
122
*117%
*117%
43%
20
21%
21 J/4
-
47%
43%
Feb 16 j
78 3A Jan
300-
35%
'
-
19%
8
Mar
.No par
1
104
20
26
44% i 44%
•
Feb
3
23% Jan
100
333/4
104
*343/4
20%
20
12,800
Feb
Jan
55
—No par
$3.50 conv 1st preferred
300
9%
8%
36%
x25%
36%
20%
36%
19%
21%
36%
*47;
36
35'%
36%
20%
21
19%
9%
%:
Corp of Amer
Radio
85,200
13s/s
86
9
*35
36%
*35
13 J/8
87
100%
104 J/4
100%
104
12%
87
9%
104%
99%
13
*86
119%
113% Nov
118
24
■;+-'r\ .I
87
12%
13
87%
Highest
# per share
I per share
29
Jun
Jan
17
~
12%
*86 y4
1944
47% Jan 22
IB
Ref Corp_
Quaker State OU
500.
/
J per share
115
No par
No par
No par
100
109
No par
Pub Ser El & Gas pfd $5
Pullman Inc
Pure uil (The)
"6% preferred
&
* 5% conv preferred
16,000
115'A
*114
Highest
9 per share
For
-'-vv 7
10
7,300
19'%
19'%
26%
26%
26%
52%
*108
109'A
26%
111
.
*111'%
v
109'A
16%
26'%
♦16%
52'%
.
52%
115'%
*114
;
Year
Lowest
Lowest
EXCHANGE
■' Shares
S per share
$ per share
53%
•
19%
111'A
*109
109%
26%
115%
52%
20'%
111'A
19%
19'%
*111
53%
53 'A
52%
1
share
*114
115'A
53'%
115
*114
t per
9 per share
per share
July 13
July 12
July 11
v
Range for Preyloa»
Range Since January 1
NEW YORK STOCK
Sales for
the Week
Friday
Thursday
Wednesday
Tuesday
Monday
Saturday
STOCKS
HIGH SALE PRICES
LOW AND
55
28
293A Nov
Sep
13%
Dec
Feb
50%
48
Jan
6
793/4 Nov
33% Jun
110
Jan
57
Sep
111%
38%
115
64%
Dec
Dec
Feb
Apr
27%
115
July
May
108
110
73A Aug
Jun
113
Dec
Dec
* Jan
333/4 July
116
Sep
4 Y*
July
16
33%
Feb
74 %
D.ec
16
40%
Feb
85%
Dec
27
34'/3
Sep
23/8 Nov
14
28
25
18
13
31
Sep
50 3% Sep
110%
*
26
20% July 6
15% Jun 13
29'% May 4
64-% May 12
127%Mar24
9
7% Jan 21
15% Jun 11
27% Jun
122% Apr 30
31% Mar 6
35
Jan 4
26% May 14
Sep
6'/a
Jan
28%
Jan
113A
26
25
18
30
Jan
39 % July
34%
Jan
58 % July
118
Dec
11% July
Dec
37%
17% July
9%
13% July
Feb
19
7%
Apr
12%
Dec
13%
Apr
20 Yt
July
54
•
Feb
15%
Jun
64
Oct
Jan
128
Oct
121
5%
Feb
Dec
7% July
Jan
10 Va July
17%
Jan
25%
Dec
66%
NOV
84%
Feb
19%
Apr
2€
Dec
29
Sep
3*
Dec
Jan
20%
Sep
5%
8%
LOW AND HIGH BALK
Tuesday
July 10
July 11
34 V*
33%
34
33 %
34
33
*9%
87/a
>:
109
77/a
33
32%
33
32%
33%
31%
31%
33
31%
10
10
9%
53%
*83/4
9
108%
53%
7%
7%
108
107%
108%
109%
500
533%
54%
5,700
1,900
Texas Co
7%
4334
2,200
Texas Gulf
7%
7%
43%
•43%
42%
42%
43
43
24%
24%
43
24%
24%
Tennessee Gas & Trans 5c/o
108%
53%
73/4
42%
2,300
54
533/4
7%
7%
14%
109
108
53%
54
200
7% Y
43%
24%
25%
24%
5,900
17%
18
17%
18%
18
18/8
17%
177/8
17%
18
3,400
Texas Pacific Land Trust
51
50%
51j/8
49%
49%
49
49
49%
49%
1,200
Texas & Pacific Ry Co
*17%
18
17%
18
*17%
18/4
18
18
18%
18%
900
55%
56
54%
*9%
v
55
*94%
*9%
10
*9%
>10
*134%
139
*134%
11%
*94%
11%
11%
*94%
96
12
200
9%
*95%
96
6%
/A 11%
12
'
11%
11%
5,600
55
55%
/10%
•10%
2,600
55
55
55
54
54
10%
10%
11
11%
11
11%
10%
103/4
15
15
15%
15 %
*15
153/8
153/a
153/s
15 %
300
49
49
49
49%
48%
48%
48%
49%
1,600
6%
6%
6%
6%
6%
6,500
54%
55
,
1
54
22%
6%
*109%
12
24%
28%
35%
*105%
12%
17%
5,100
48%
5,200,
Transcont'l & West Air Inc
*22
22%
21%
6%
;A
6%
6%
iio
110
109
12
12
12
25%
25%
f
108
*1073/8
28%
Y
A
28%
12%
353%
353%
105%
Truax-Traer
24%
25
3,400
Tubize
108
8,900
20th Cen
126
17%
12%
/
*124 %
126
125
17%
17
173/4
*104%
12s/s
12%
127
126
126
35%
35%
A
110
*104%,
12%
123/4
283/a
28%
353/8
110
►104%
13
17%
17%
17%
$6 preferred
Corp—
370
preferred
35%
;
3,100
IOjO
110
1,600
123/a
520
125
17%
2,200
63%
300
56% May 23
15'/a Mar
1
6
U
15% Mar
6
53% Mar
1
7% Jun
2
18
61% Jun
18
Dec
July
Nov
20% Mar
NO par
-—No Par
Transit
No par
1% preferred
———100
Twin Coach Co————1
$4.50 prior ptd—,
Twin City Rapid
•
34
Dec
17
July
7
13
Feb
44% July 13
56% Feb 16
25
Jan
38
Dec
43%
Apr
52 %
Aug
Jan
11%
Dec
29
Dec
54% Jun
27
17%
12%
Jan
7% Jun
26
3%
Feb
Jan 13
110% Jun
22
13 % Jan
17
-
Apr
8
3
Oct
5% Aug
Jan
8V8
Jan
Dec
13% Mar
18% Mar
25
101%
26%
34%
102
9%
115
14%
NO par
Fox Film Corp.
preferred
$1.50
9%
Jan
14% Jun
103
1
100
I^ayon Corp.
4%%
28%
5%
10% Mar 22
18% Mar 28
1
No par
NO par
Tri-Contlnental Corp
*107%
108
28%
14,600
4,100
11%
25%
25%
*107%
28 3/4
28%
28 3/4
35%
12%
17%
108
1073/a
105%
35%
110
25%
25%
25%
108
63%
12
12
12
22
5
No par
Transue & Williams St'I-.
109
109
109
12%
"
125
125
13%
47
1093% 1093/4
110
12
*107%
13%
48%
9% Mar 27
16% Jan
2
34% Jan 22
50
Apr
6
10
Mar 26
26
Jan 15
18 Va Jan
2
5
Jan
2
2
13%
Transamerica Corp—.
48%
6"%
6%
7
58
13
Jan
3
45% Jan 23
4% Jan
2
31
Jan 22
—10
No par
Axle-—.
Detroit
xl3%
22%
22
22%
Feb
54
Jun
10% Jan
25
No par
No par
N< par
—10
Timken Roller Bearing
6%
50%
49%
2,200
22V4
24
12%
53%
6%
59% Jan
167/a Nov
Jan
53%
*21%
24% July
4%
54
500
35
Jan
8% Feb
11% Jun
32% Jan
50
Third Avenue Transit Corp-No par
53%
14
Jan
12%
Dec
533%
49%
17%
10
Dec
53%
133/4
22
21% Jan
10% Dec
Timkeh
49
20
54% Jun
Apr
4,400
14
20%Jun
7
5,500
49%4
22
Dec
Dec
1
183/4
13%
29%
12% Jun
A :
1
.
44%
49%
Feb
13% Jan
-100
—
Co
18%
13%
14%
94
423/4
49%:;
25
122
18 s/a
13%
26 % Jun
6%
Oct
44
48%
37% July
Jan
18%
53
Apr
Sep
92
42%
52%
Feb
32%
81%
18%
52%
4%
7
16
43
1.600
14
16
42%
53%
Jan
19
May
28
18 3/4
5234
50%
Feb
9% Feb
45
2
Feb
51%
/
55
2
Apr
18%
54%
44%
109% July 13
Apr
52%
51%
Oct
12% July
12
42
52
8%
10% Mar
25
100
18%
52%
6%
15% Jun
139
41
52%
6%
Dec
*
6
18%
*51%
6%
51
Jan
3
8
41
6%
8% Jun
Jan
..
4% Jan
8% Apr
18%
6V4
42
125
Jan
93% Jan
40
•47%
7
5
Dec
100
Thompson (J R)
—
Thompson Products —
Thompson-Starrett Co
$3.50 cum preferred
Tide Water Associated Oil
47%
Y *15
16
Jun
No par
div conv preferred
$2%
310
8
;
preferred
preferred
Thermoid
Mar
56
33 Va
-r
i
The Fair
1%
96
113%
480
•
139
*134%
139
*94%
IP/4
54
96
Mfg Co
$3.60 conv preferred
10% Feb
"
5% May
10% Jun 21
xl97/a May 10
-100
No par
-No por
Thatcher
•
93%
93%
9%
139
96
.
55%
55
55%
55
55
55
139
24
24%
24
*134%
10%
*1347/8
•
10
Texas Pacific Coal & Oil
2
6% Jan
36% Jan
No par
Sulphur
Jan
Jan
30% Jan 30
14% Mar 31
44% Mar 29
1
new
;| Dec
33% Jan
Apr
27%
107% July 11
48% Jan
2
-—25
Producing
49%
•
pfd-100
(The)
Gulf
Texas
26%
6
7% Jan 16
50% Jan
6
"7% Jan* 3*
ll3/4 Jan
2
5%% par.tic preferred.,
50
Telautograph Corp
.—&——8
Tennessee Corp
5
■>
230
9
35% May 22
10% Jun 26
Apr
share
33
38% May
6
7% Jan
0
Talcott Inc (James)
55%
x9%
per
21 vs
31% Mar 21
Symington Gould Corp
A/ 9%
per share
7
29
No par
—
1
Bylvania Elec Prod's Inc
5,900
10
I per share
34% Feb
30% Apr
Swift International Ltd
3,800
14%
15
•
11,100
•
*83/4
*54
9%
143/4
143/4
14%
15
15
55%
*9
.
*93/4
9%
55%
54
9
4,400
,
31%
9%
10
*9%
9%
*93/8
9%
54
53%
53
34
32
9
15
108%
33%
10 Va
54
8%
14%
34
32%
*9%
9%
55
*54
/
33%
29
Swift & Co
Highest
Lowest
Highest
I per share
Par
1944
Year
Range Since January 1
Lowest
v./'v**'1*:;';A"
Shares
share
34 Va
9%
9%
I per
f per share
32%
32
9%
EXCHANGE
32%
33%
32
NEW YORK STOCK
the Week
333/4
S
34 Va
Sales for
July 13
July 12
-
share
9 per
f per share
« per share
f per snara
Friday
Thursday
Wednesday
July 9
Range for Previous
STOCKS
PRICES
Monday
Saturday
July 7
Monday, July 16, 1945
CHRONICLE
THE COMMERCIAL & FINANCIAL
24% Mar
28% Jun
108
Jun
8%
102
37% May 28
106% Jan 13
14% Jun
5%
11% Nov
20%
Dec
Dec
102%
Dec
Feb
28%
Dec
28% Jan
35%
Dec
21 Vb
,
Dec
105'% Dec
Jan
15% Mar
26
30% May 28
Mar 27
May 22
Jan
3
Feb 2
Jan 3
18%July
Jan
85
29
Mar 21
-
'
85
105 %
Jan
Dec
13
57/8
Jan
Jun
13
68%
Jan
19%
Feb
16
8%
Jan
16%
Dec
May 18
51%
Jan
66
Jun
9%
137
97/a
118
Dec
Dec
u
62%
62%
62%
62%
*62%
633/4
62%
62%
*62%
17%
17%
17%
17%
17%
17%
16%
17 %
16%
17
91%
913/4
*111
VA 112%
112%
X22%
*111%
*111%
112 %
*31
30%
107%
31%
.
77%
87/a
23%
111%
111%
111%
112%
108%
*107%
23%
23%
108%
"
108%
108%
200
30%
2,800
30
30 3/8
30
30 %
40
40%
39%
*133
137%
*131%
*27
273/4
*133
137%
27%
*26%
79
78
112
112
*29
78%
S
30
9
8 3/4
9
23%
23%
23%
8%
50
/
79%
'
800
30
-
8%
x23
23 %
23%
300
112
*29
8%
7,800
137
*77%
30
*29
/A
400
40%
28
*27
*111%
A/112 v 112
*77 A;
,79%
■"
•
30%
108
14,600
109
108
41%
30%
2,500
31
*107%
30%
108%
27%
8,200
223/4
134
30%
40
30
8%
22%
134
*1073/8
112
*29
9
108%
30%
■a:
137
78%
78%
108%
30%
'
5
22%
10
120
112
112
132
131
31%
*26%
112
6,300
112%
*111
111%-
22%
131
131
31
*111
91%
112
223/4
22%
22%
130%
*134
273/4
112
31
*29
112%
*107% 108%
40%
41%
136
/
*111%
30%
403/4
27
112%
31
107%
40%
112
89 3/8
*1073/4
31%
*133
89%
22%
*101% 108%
;
89%
129%
22%
129
129
89%
89
89
88
3,200
'
•
3
18%
19
19
2%
3
2%
453/4
45%
7,600
23
600
3
62,200
19%
18%
83%
83%
A
13%
18%
18%
13%
*81%
82%
82%
46 3/4
12%
18%
13
46%
46%
13
*12%
843/4
*83
843/4
3
13%
*13
13%
*83
45%
18%
3
2%
45%
2%
18%
13
A
45%
A;
45%
12%
13
12%
12%
12%
13
123/4
42%
41%
413/4
41%
41%
415/a
41%
103%
104%
105%
106 34
105%
193/a
19%
7%
16 Vt
106 Va
26
26
103
25%
108
108
7%
16%
16%
22%
22%
90
91
*189 Va
/
191
192
*107
4/
23
91%
23
90
18 Vb
Y
18%
*51%
53%
*17%
4'*51%
*190%
192
192
17%
17%
51%
51%
v; //
47 Va
47%
48%
48 Va
10 %
10%
10
37
36 Va
*110%
•110%
112%
>
*110%
13%
14
13%
14%
10%
10%
>10%
42
42
50
50
X29
V-V
Y
57
Y
65 Va
*79%
150%
*25%
47%.
*6Va
6%
— —
*110
V-
/
160
*49
51
30
31
3%
3%
57%
*163
80
80
.
*162
167
65
"
f
70%
166
*41 vs
30%
3%
3%
56%
80
80
70%
69%
70%
150%
25%
25 Va
6%
18
6%
*111%
18 Va
6%
6%
6%
113
6%
6%
113
•
113
*17%
18%
18%
•
90 y4
.7
46%
91
186
186
*6%
*43 Va
90%
*186
*6%
7
6 Va
Y
200
7
46%
*43%
46%
*43%
46%
91
*89
90%
89%
89%
*89
*186
187
13%
50
38%
6%
30%
110%
7%
187
*186
26 Va
26%
26%
26%
26 Va
26%
26%
26
26
26%
25
25%
25%
*186
190
'
26%
25%
26%
V
187
X25%
27
26
Y
Co
preferred
U S Gypsum
1%
U S Hoffman Mach
5%%-
conv
U S Lines Co
Preferred
15
36%
*36
15
15
36
36
15
15
26%
*35%
36
17%
17 Vs
17%
17 Va
17 Vs
50%
*49%
50 y8
30
50
15
35%
35%
36
17%
Xl6%
16%
50
35%
17%
*49%
14%
*49 %
50
14%
14%
17
*49%
Y
30
-
600
2,000
100
-
*98
*98
101
*100
103
100
100
*27%
28%
28
*98
*
I""* O O
28%
27%
'
5%
5%
65%
66%
120
120
*72
80
*47
49
5%
67
*119%
*72
*47%
6
67%
120
80
48%
100%
27%
5%
57/a
*66 Va
67%
*119%
*72
47%
*98
*98
103
1001/4
28
28
5%
5%
*100%
*27%
5%
103
40
103
28%
Foundry--—
TJ S Playing Card Co
U S Plywood Corp
tU S Realty & Impt
;
U
No par
—10
8% non-cum 1st preferred
100
6 Smelting Ref & Min
—50
Rubber
S
U
50
Preferred
*119%
Va
120
80
*47%
50
47%
1,200
5%
non-cum
Victor Chemical Works;
2,800
800
90
6%
42
42
160
*156
160
*156
160
*156
160
*156
170
*156
170
*156
170
*156
170
*156
170
74
74
74%
74%
74%
500
Wabash
RR 4 %%
15%
15%
15%
15%
15%
800
Waldorf
System
73%
73%
*73%
74
153/8
15%
*15%
15%
*73%
15%
,
42
•
42
*40%
24
24
19;
25
18
22
22
22
25
2
2
136
25% Mar
Jun
17%' Sep
1
93%
28
33 Va Mar
32% Jan
20%
Jan
118
Dec
Jun
Nov
Oct
Dec
Dec
92%
Feb
104
Dec
26
Jun
30
Nov
11
25%
Jun
33% NOV
18
100%
Feb
109% May 10
8
110% Apr
43% Jun
110%
Sep
23
22%
Apr
36%
Dec
144 Va Jun
28
102 Ve
Jan
123%
Dec
29
Jun
27
24 Va
Dec
114
20% May
Jan
6
110
79% Jun
25
61
May
Jun
28
22
Jan
31
:
Mar
114
Jun
70% July
28
Oct
11 vb May 19
24
5
10
22
17
Jun
3
Jun
47% Jun
8
14
1 Va
25
31%
Apr
42 Va
Dec
21% May 18
14% Jun 27
12%
Apr
17%
Dec
Feb
11% Aug
88% Jun
27
45%
Apr
78% Aug
13% Feb
20
44 % Jun
25
6
8
19% July
Jun
110
Jan
16
8
Feb
•
21
11%
36 %
91%
Dec
Oct
15%
Jun
jan
109%
DCc
98%
4
Feb
7% Sep
1%
Feb
26
97%
Jan
107%
25% Jun
15
14%
Jan
21%
Feb
94% Jun
12
70
Mar
88
Jun
194% Jun
15
170
Jan
186
Dec
18% Apr 24
8%
12% July
Jan
20 Vs May
4
1
42
Jan
51 Va Nov
52% May 25
34
Apr
43% July
5
Jan
May
10% July
38 V* Jun
2
16 Va
28
110
15%
9
33%
Jan
Feb
11% Jun
11
87/8
2
2
Jun 15
44% Apr
17
3
114
Jan
Jan
55% Mar
31 %
4
Mar 26
113
Jan
71
Jun
Mar 19
10
24
23
5
2
2
5
24
27
6
21% Jan
2
Mar 27
Jan 22
13% Apr 6
48% May 22
13
32
86% Mar 26
90% Jan 20
24% Jan
8
3% Mar 27
59% Jan 9
Sep
10%
Dec
Apr
37%
Jun
Jan
48
Nov
Feb
40
20
8b
Sep
Jan
,
130.
21
18
Dec
9 Va
~£
61% Jun 25
12
2
Dec
40%
2
Jun
Oct
30%
July 12
170
2
29
Dec
54
5% Apr
24
Dec
108 % Jan
25
/
Dec
2
15% Jun
3
48%
69
~4%
Feb
150
Dec
72 vb Jun
27
50%
Apr
21
xll9%
Dec
61% July
78
May
151% Jun
Dec
54% July
Jan
Jan
May
Dec
63% July
136%
Dec
5
22 A
50% Feb
6
44 %
Apr
6% Jun
26
2%
Jan
4% Nov
7% May 29
2%
Apr
5%
Oct
76 *
Jan
106%
Dec
14%
Jan
26% Jun
A.
114% May 28
20% Mar
-
a
Jan
24
Jan
41%
68
Apr
81 Va
25
162
Mar
Jun
187
6
31
May 28
28 vb
Mar
176
July
Dec
Dec
Nov
May 28
28
i;
Dec
18% July
•-
3% Jan
25
Jan
8
47
95
6
27% Aug
48%
r
15% Jun
Mar
39
18
52
,
17%
6
9%
28
28
8
100
July
101
Jun
14% Nov
52
7
41%
6
16
Jan
63%
Jan
Dec
51
26
70
Feb
19
21Va
Jan
-
7Va Jun
18
3%
Sep
■
Jun
18
50
Sep
Oct
85
-
33% Apr
73
t
23 Vb July
Jan
12 % May
Jun 23
Mar
Jan
Oct
•V
Dec
■
|
85% July
i
-
Sep:.-
25%. Aug
5 % Mar
62% July
123
Feb
19
113%
120
76
Jun
22
38%
Feb
63
Nov
49
Jun
23
37
Jan
45
July 10
.Y 33
Apr
•
Dec
42
j
•i*'*
Aug
Jan 22
45% Jan 25
36% Jan 16
38% Nov
118% Jan
57
8
2
—100
145
Mar
5
100
No par
Jan
10
July
Mar
preferred
l7/a July
11%
9
28
Jan
26% May
75% Jan
106% July 12
24
120
Vulcan Detinning Co
Preferred
9
23
25,
100
preferred
42
*156
41%
—-100
100
3
Va-Carolina
160
41%
—5
preferred
*156
*40%
Co_6%
Sugar
1,200
120
*72
47%
10
Raalte Co Inc
Vertientes-Camaguey
Vick Chemical Co
41%
120
80
115
f§i
Am—*—No par
2.50
200
120
*72
Van
Norman Co
47%
66
Feb
Mar 26
——
Virginian Ry Co
65%
109%
Jan 17
Jan 17
Jan 10
Mar 27
—
...
80
6 '
67
29
% 51% Jan • 6
Co—
Chemical
No par
6% dlv partlc preferred
100
Va El & Pow $5 pref
100
Va Iron Coal & Coke 5% pfd—100
67
Jan
116
Jan
35
46
27%
2%
—20
—10
—1
U 8 Pipe &
Vicks Shreve & Pac Ry
'
A. 105
1
10
-
aa y t
15
119
Jan 23
97/a Jan
2
100
preferred
Jan
Feb
Apr
Jan
Jan
——
90%
r,
Corp
5
preferred
50
U S Industrial Chemicals.—No par
U S Leather Co
—;
No par
Partlc & conv cl A
No par
..
Van
700
■;
*43%
•
Feb
11
22
107
Jan 2
6% Mar 26
Vanadium Corp of
3U0
/
46%
187
82%
113.
13% Jan 20
22
Mar 9
1,800
18
7
15%
Sep
23
Jan 31
3,000
2,400
2,200
6% V
113
18
:
7
5
Feb
76
22
117% Jan
May 28
6,400
270
113
18%
18%
1,800
6%
■
113
*67/a
7
1,800
25%
-47%
6%
6
6%
6%
150%
*46 Va
150%
*112
30,900
25%
47%
6%
47%
6%
150%
25%
47
YV
/
"
149%
18% Jun
Jun 29
May 19
Jan
2
Jan 2
Jan 22
Jan 5
Jan 5
144% Jan
52
Jan
72
Jan
U S Steel Corp—
No par
58% Jan
Preferred
.—100
135% Jan
U S Tobacco Co
;
No par
24% Mar
1% non-cum preferred
23
46% July
United Stookyards Corp
s—4
Jan
United Stores class A——
—3
4% Jan
$6 Conv preferred-No par
98% Jan
Universal-Cyclops Steel Corp—
1
16
Jan
Universal Laboratories Inc—
1
5% Jan
Preferred
No par
39
Jan
Universal Leaf Tob
:—No par
75% Jan
oreferred
——100
178
Mar
Universal Pictures Co Inc.—
1
26
July
-
1.500
500
71 Va
25%
6%
r
80%
47
6%/Y
Y:Y:V
69%
25%
148%
6,000
66
80 Va
46%
mo
7,700
166
71%
25 Va
-
4,700
3%
80%
46 Va
150
'
57 yy:
69
28
149%
1
*80
80
300
Y
52
65
65
47%
150%
42
8%
22%
1%
38 %
157/8
9Va
66
10%
33%
11%
" 105
16%
77
180%
$6 1st preferred
Prior
30%
*163
'
166
Jan
Apr
May
Jan
Jan
Mar
May
Jan
—'—.No par
—No par
No par
20
100
Foreign Secur
U S &
200
*50
:
29%
27%
105%
31%
118
22%
109%
897/a Mar
Gas
U S Freight CO—
112%
5,300
57 vs
64 %
1,400
13%
56%
*163
64%
64 Va
65%
/■.•/:
1.900
10%
3%
3%
56%
1,300
10
13%
52
31%
31 Va
47%
36
*10%
/
41%
41%
58 Va
65%
14
*50
4
3%
*110%
10%YY
*10%
42
*41%
29%
9%
•
*6%
*43%
,Y
300
52%,:
35
*110% 112%
13%
57%
113
*17%
;
18%
*51%
*46%
48%
-43
10%
58
69%
69
■
'
10
52
*50
29%
167
*163
%;v.
—...
*
1,600
.
*17%
18
51%
Cos
Improvement Co.—13%
United Merch 8c Mfrs Inc
1
5% preferred ————100
United Paperboard
10
United
40
192
*190
190 %
35 %»
3
3
:
„
v
4.9C0
'/>
United
30
*9%
42
*41
;
29
16%
107
800
18
14
*10%
40
2,100
91
35%
112%
13%
10 Va
3,100
A
7%
22
10
36
18,300
22
36 Va
9%
36%
112 Va
48%
48%
.
10%
37
'"rV
5,300
*90
51%
■
Coal
Electric
'
Engineering & Fdy
5
Fruit Co
-—-No par
91 Va
190%
18%
July
Jan
Jan
Jan
66
• .26% Feb
100
5
—:
.
United
22%
"
—
United
91%
52% '
Preferred
30
22
4/
92
'
*106%
107
107
.
.
5
1
Drug Co
,
Dyewood Corp
700
26
16%
16%
16 Va
107%
111%
20%
109 %
100%
No par
No par
.
.
3,200
19%
73A
7%
xllO% Apr 27
20
preferred
United Corporation
$3 preferred
Prior
United
.
*1073A 108
108
7%
16%
16%
16%
23%
•
7%
19
25%
26%
26
*1073/4
108
7%
107 Va
23
90
*1073/4
7%
y
19%
19%
26%
26%
26%
*107
107
19%
19%
19%
108
7%
106
& Paper
Uri Clgar-Whelan Stores new—30c
United
,
106%
104
93% May
800
12%
42%
103%
66
78% Jan 24
3,500
•/
-
13
43
19%
.
14,000
83
13
42%
102 %
58% Jan 3
14% Jan 24
No par
Union El Co of Mo $5 pfd—No par
Preferred $4.50 series
No par
Union Oil of California—
23
Union Pacific RR Co
100
4% non-cum preferred
—100
Union Tank Car—
i—No par
United Aircraft Corp
5
5% conv preferred
100
United Air Lines Inc
10
4%% preterred
100
United Biscuit Co
No par
5% conv preferred
'
100
United Carbon Co
No par
H'nited-Carr Fast Corp—.
No par
Union Bag
Union Carbide & Carb
.
83/4
'
2%
45
———No par
No par
Underwood Corp
Jan 2
13% Jan 10
66
Jun
v'
'
102
Jan
125
Oct
147% Mar 26
149
Feb
155
July
21
40
Jan
68
Dec
10%
Jan
14%
Dec
163
77
Jun
Jun
12
16% Mar 10
*.
i
2S
smMmmMMsm
THE COMMERCIAL & FINANCIAL CHRONICLE
Number "4403
{Volume 162
RECORD
NEW YORK STOCK
STOCKS
LOW AND HIGH SALE PRICES
July 9
July 7
I per
share
$ per
I per shar§
share
32%
32%
32%
69 %
20
20
11
11%
*10%
*
*11
64%
64%
17
16
16
'v/V
Dlv redeem
3,300
»
10%
4,3oo
;
2%
2%
3,300
-
■■
65V2
64 3/4
647/a
64
17%
16'/a
16%
16/2
17'/a
16%
17%
35%
34%
34%
*34%-
35%
34%
34
157/e
15%
15%
15%
15%
15%
15%
27%
*27%
*27%
28%
*27%
27%
21%
21%
21%
21%
37%
37%
*37%
15%
;
"
27%
21%'
*21%
22
*37
37%
*37
37%
22
22
10 %
10%
28 %
"37%
38
29
.
10%
10%
"29
10%
28%
7
28
.
32
32
31%
88
*86%
86%
86%
87%
*86%
*
108 %
*86 V8
323/4
-
•'
*115%
117
*116
117
..*116
*107
110
*107
110
*107
110
jJ08% 108%
..116% 116%
29%
112
116%
*28%
*111
j. 108 Vx 108%
116%
*29 %
112
*111
r-
116%
29%
116
115%
*29%
*111
Webster
29%.,
112
■:?.
.117
*29
,
/
112
♦Ill
117:
108%
29%
■:
46
46
47
y,
10% A10%
47%
ir
10%
113
,
190 A.
31%
89
*46%
,
.
55%
88
4.7%
48%
47%
29
*28%
49%
.
■y.j.':;'* 30
vfe/- 53%
88%.
yZ 88%
90
48%
49%
48%
*28%
293/4
*29
*27%
28%
29%
29%
29
29%
28%
29
32%
33
33
33%
33 %■
33%
43%
43%
44
44
44 3/8
30
<
45
r
293/4.
-29
:.U28%,
•
/
443/a
;.*•
.
.
32
*30
*109
110%
*109
110%
*109
110...
*107%
108 %
*107%
108%
*107%
108 %
*107%
108%..,
*
78
*75%
♦103
103%
103 %
102%
102%
38%
39%
40
41
95
95
95
*94%
i
78
*75%
78
75 %
\
*75%. ;78
104%
40
953/a
39%
24%
24%
24%
*24%
*30%
30%
30%
31%
30%
31%
14%
14%
14%
15%
15
15%
92%
*89
90
*89
3*
*33%
34
*33%
34
*8%
9
9
9
8%
9
'
23%
24%'
24%
14%
14%
*102%
16%
16%
16%
"*
30
31
45%
45%
45%
55
55
56%
30
30
*45
55
$ *86
90
*86
93
*90%
*87
*75%
78
i
•
*29%
:
453/4
45%
56%
56
*87
19%
93 %
90%
93
18%.-
40%
39%
39%»
40
40
167/a
17%
17
17.%..
17
17%
23%-.
23%
23%
48%
48%
17%
23%
23%
23%
23%
23%
23 %»
47%
48%
48%
49
48
48%
*106%
24%
35%
36
36%
9%
*106%
106%
24%
10%
97£
•Bid and asked prices; no
-
23%
„.
107%
.48
24%.
37
36%
37,
10
9%
23%
/
Shares
Week Ended July 13,1945
.
■■
Saturday
;;y; Bonds
/:■/■'//••■
:
Tuesday
814,180
5,083,500
939,240
Wednesday
r
101% May
59% Feb
107% Nov
202,000
4,526,000
$16,000
15
97 %
Jun
26
20% Feb
32%
66 %,. Jan
92/4- Dec
43"
24.
Feb
20
8% Jan
Feb
29% July
5
Jan
x64%
Jan
87%
Oct
Jan
31%
Dec
9%
Apr
16% July 13
3-
83% Jan
30
94
15
23
Jan
A 34% May 31
"
10% Jan
26% Jun
25
16
2;
97% Jan
15
13% Jan
2
v
Jan
128
17% May
.
22% Jam
6
-
41% Nov
20%
16
47% Jan
3
80
Jan ?-5
75
Jan
Apr
Nov
Dec
May 31
20%, Jun 28
74%
Nov
13
Dec
14
Deo
32% Jam 24
42% Jun
27% Mar
13/a Jan, 13
18% May 19
19% Jan
17
25
Feb
19
14%
Jan
20% July
39/a Jan
22
51% Jun
26
33%
Apr
42% July
100
105% Jan
19
'Wmi
/Del)
Jr
No
pa*
Go—.u.'—28
1
r Cash
§ Special sales,
sale.
1
25% Jun
15% July
96
Jan
106%
Nov
28
13
Jan
20%
Deo
44% July
6% July
6
42
Feb
15
33%
Jan
12% Jun
11
3%
Jan
y Ex-rights.
x-Ex«dlvldends.
wd When distributed.
36% July
9% Apr
2
35% July
5% Jan
.No par
13
Mar 21
110
Mar 26
20
Youngstown Steel Door——No par
27
78
9
Jan 22
13
.3
preferred series A
24"
69% Mar
transactions at ttie ^ewITor^ Gnrb Exchange
"
•
"
Bonds (Par
(Number
■
or
Foreign
Shares)
Domestic
Government
$347,000
Holiday
$32,000
408,000
51,000
v
Week Ended July 13,
Saturday
Monday
1945
—
Thurscday-
6,644,000
Friday—
356,440
410,000
1,817,275
$1,925,000
'
:
*
—*
Total—-J
$27,826,500
—
1,000
12,000
352,000
9,000
14,000
444,000
56,000
3,000
469,000
$149,00Q
$62,000
$2,136,000
•'
I
$3,636,250
59,163,660
1,458,861,900
$3,738,100
63,715,500
1,628,213,200
$3,307,000
149,000
370,000
62,000
16,000
...
/;
_
Total-;■
Jan. 1 to July 13
$27,826,500
—
$55,212,900 $1,527,661,800 $1,695,666,800 :
1944
36,991,920
a
—
^
•'
'
-
Ull
;
if.
■ ■ f
■
»
■
-
-
$2,136,000
Note—The actual volume for last week was:
STOCKS:
-
in
i
$84,464,000 $103,193,000
6,361,000
591,000
24,225,000
679,000
—
.
July 5th,
and July 6th,
$412,000,
Dew York
Stock And Bond Averages I
Below
listed
on
are
the daily closing averages
of representative stocks
Par
Bank of the Manhattan Co.—10
and
bonds
the New York Stock Exchange as compiled by Dow, Jones & Co.
-Bonds-
-Stocks10-
30
/
$3,693,000 $109,368,000 $110,145,000
June 30th,
211,480; July 2nd, 443,510;
Date—
Central Hanover Bank ft Trust 20
io
Total
II
Total
10
Utili¬
63
Indus¬
Grade
Grade
Utili¬
40
roads
ties
Rails
Rails
ties
Bonds
115.41
99.92
108.59
107.65
Continental
*115.37
99.93
108.59
107.84
Corn Exchange Bank ft Trust-20
115.41
99.89
108.63
107.66
Empire Trust
Stocks
trials
166.55
60.52
33.34-
64.28
106.71
167.09
60.86
33.35
64.51
106.70-
166.59
60.33
33.45
64.26
106.70
166.85
July 7July 9_
July 10—-_
July 11
—
60.80
33.50
64.47
106.84
166.67
60.40
33.43
64.29
106.90
Chase
National
Bank
I
49%
120
51%
125
117 %
-
'
.
120 %
43%
45%
56%
58%
51%
Trust™10
99.68
108.63
107.64
Fiduciary Trust—
99.46
108.58
107.61
First National Bank_
50 '
;
1,672,585
July 3rd,
$1,650,000.
54%
29
28
57%
59%
96
33 %
-100 l,8io
Par
100
35%
1,870
Fulton
JOO
Trust.
Grace National
462
20
Bank &
115.4L
•
450
10
Co
total being,
Ask
31%
Commercial National Bank ft
115.48
,
Bid
15
Chemical Bank & Trust
Trust
Holiday
Holiday
July 12—
July 13—
20
Rail¬
trials
,
Second
10
100
Indus¬
■
First
l-100
—
Brooklyn Trust
the
City Banks A Trust Gas.
29%
.
10
-
Bank of New York
Bankers Trust
$366,000,
i in r—
■-.I...
July 3rd, 364,635; July 5th, 325,910; July 6th, 327,050 shares.
The total for the week was
The volume for the BONDS on June 30th was $173,000; July 2nd, $331,000;
$368,000;
V
1945
2,519,510
$1,925,000
;
;—i.
—
Foreign corporate*
i
,-
64,106,895
1944
1,817,275
"
Foreign government,
146,899,132
471,000
12,000
339,000
421,000
Domestic
1944
Total
$400,000
$21,000
Bonds
i
July 13
Value)
Foreign
Corporate
shares.
Total
Oct
82% Nov
84
-*
2,280,000
Jan.
17
15
Jan
Wednesdays
209,298,159
52,846,900
44%
91%
5%%
80
:
"
July
Jan
Young Spring & Wire
No par
Youngstown Sheet & Tube—No par
Sales
19415
7,920,967'
1,044,000
Sep
24
36%
90
Jan
79
Tuesday—i
Jan. 1 to
July 13
1944
26,645,500
14/4 July
19%. Apr.
/
Sep
59% Apr
38
Stocks—No. of shares
Railroad ft Industrial
99/4 Nov
125
123
1
1945
Foreign
11% July
10% Jan,
7
Apr
York Corp
3,300
! 54,590,000
$137,000
$86,000
20% July
Jan
48% Jun
6,510,000
$1,044,000
$137,000
Feb
40% Jan 24
5,310,500
$26,645,500
U. S. Government
:
8
80/4
132% May 24
316 Jun 26
30.
i
Jan
6
July 13
103% July 12
4,772,000
27,000
■>:*, Bonds
July
9% July
:*/4%~ Jan
6
16% Mar 26
.»
24
10% Jun
6% Mar 26
C
15
Jun
Week Ended July 13
j
Dec
?18
20,000
182,000
4,478,450
104%, Aug
Jan ;
I 33% Jun 26
•'
9
25,000
-
6,222,000
Stocks—No. of shares
July
22
334,820
375,-420
370,300
380,295
6,435,000
Week Ended
Dec
77-
96% May 14
26% Feb 15
49,000
-
197,000
1945
July
Jun
Zenith Radio Corp
/
4,478,450
'i
Total
lit
Jan
Zonlte Products Corp.
Bonds
w
960,620
——
—32-
Stocks
967,870
Friday
Dec
25% Jan
105%- Jan,
58
2,800
Bond
268,000
Thursday
36%
29%. Dec
16
69%
9,700
Government
Bonds
-
Dec
llllll;' Daily, /.Weekty and Yearly
Holiday
$195,000
$4,379,000
796.540
Monday—
31%
Apr
49
Total
Foreign
; / «*',
21
99% Feb
Tale ft Towne Mfg.
900
United States
Railroad
and Miscel.
31% July
93% July 11
WrlaW
Daily, Weekly and Yearly
Number of
22% Jan
107% Jan
78
26% Jan. 22
-No par
——z—-10
Co—
LiWyandotte Worsted Co
4,200
a New Stock,
Dec
53%. July
5
-±No par
10
a Deferred delivery,
Dec
66 Za
Feb
19
1*
Motors*
26%
9%
31%
Deo
41
Feb
4
Jan: 19
21% Jan
5
Co
24%
10
Dec
6/4. July
16/4 July
65
15
36% Feb
87% Jan. 24
pfd—100'
——;—,—10
Woolworth (P W) Co
10
Worthington P & M (Del)—No par
Prior pfd 4% % series
100
"Prior pfd 4%% Conv series—100
Wright Aeronautical
No par
1,200
107%.
37 Ze
Jan
110% Apr
:No par*
20-
36%
-
D60
37% May 17
50% May 17
5
31% Jan
Wisconsin- El Pow Co Vh
Transactions at the New York Stock Exchange
Stocks,
on
Jun
X3I% Feb
;flQ2% July 9
Woodward Iron Co
is 300
18%
110
29%, Deo
27
29% May 25
9-
July
64
Corp———1
24%
36%
9%V
:
'76;';-
*74
XI8/2
107%
24%
36%
10
fin .receivership,
sales on this day.
-
,*10634 107%
24
^
.
•
Feb
103
106% Jan'
,
:——I—1
preferred."
$6
4,400
40%
\
*.•.
Sep
July
I*'
preferred-
Prior
WllsonJones
1,300
49y»
40%
•
L
60
75 Vlt,
•17%
106%
i
18%
17%:
A >■*.'.
preferred
conv
; Wilcox
*200
.
74%.
38%
24%
91%
91%
18%
17/a
107%
95%'
ft
76 %/>
37%
23 7/a
go
*87%.
-
91%
40%
19%
^
95%
i 91%
19%
•:
?*•;
90 irt
.
—
•93
7
V
V'A*;'■■
White Sewing.Mach
i
18%
*75
■
Dec
28
33% Apr 27
113% Jan 17
-
White Motor Co
2,400
■
32
—
in:
4,000
;'
Dec
16% Jan
30Y2 May 29
27% Feb1 3
.—No par
-No par*
White Dental Mfg (The S S)
20
400
56 Vi¬
32% July
—i—^No par*
$5 conv prior, pref
I 300
46%
118%
108% May 24.
..
600
45%
•
103
Apr
July 13
113
10
37% May 12
——No par«
Wilson & Co Inc
55%
46
.
16
Mar 26
28
-
Wheeling Steel .Corp—
-
Willys-Overland
•
90
Apr
26
26%. Jan; 6
7
Wheeling :& Lake Erie Ry——100
.5 % %. conv preferred
100rt
c
1,400
29%
85%
Apr
Mar 26.
44
,
Instrument—-—12.50
Weston. Elec
26,700
*29%
29%:
100*
A—
Westinghouse.Alr Brake—^No pat
$4
v
1
Co
Westinghouse Electric Corp new-50-,
Preferred
'l.
12 %'
A/./
17
113
57% July 10
41.500
?
Jan
106
Feb
113%
■A' 31 % Jun
22% Mar 21.
No par'
96%
92•
*131%
*133%
%
93 %
'
y
118,;
Dec
102%. Dec
108% July 12
9
115% July
Dec
28
Feb
Jan,
July 13
117
8
Jan
10L
85%
18%
83
2
200
1027/a
14
2
9
*16%
-
Jan
28
87
108% Apr J9
8
109% Jan 261
f
100'
Western Union Teleg class A-No par
A Class B.—k.
—:_Nq par
16
*101',
M7
77
Feb
34% Jun
23% Mar 26
100% Jan.
2
28
:/■<
25%, Jun
3Q% Jan.
15
,
Jan
64% Jan'
series
*8%
•
22%
13% Feb
Preferred
24%
;
103%
*16%
18%
-
v
29% July 11
2
7%
34
i '-y
102%
16%
*87
89 %
78
i" "v:
15
45%
93
90
8%.
26.%.'-
56
90
*90
-v: *87%
*75
8%
14%
29
91
*33%
•
24.3^
103
29%
'
■
*89%
y
.
.
Jan
3%. Jan
13,300
92 -
*
*133%
*133%
*133%
16%
oy-'i-; 16
16%
Dec
May 10
10% July
26%. Apr
4,600
34
15
16%
,
■;
31%
*33%
24%
*102%
103%
*16%
102
*101
•
24%
31%
Jan,
18
-
24%
14%
24%
Dec
Jan
6%
18
40
31%
*89
-
14%
24%
14%
95%
";/•/
31%
L 30%
14%
89%
*33%
96
22%
22
2
84% Jan. 20
—No par*
—1
Ino—-
$4.50 preferred
$4.25. preferred
3,100
I 760
40
•
-
-
25
*24%
;
*88
96
95
25
*24%
:
I
104%.
*103%
wUv 39
40%
15% Apr
19
Westvaco Chlorine Prod——No Paf
II-
80
.
20
39% Feb
26
30
''
*75%-.
...
24% Feb
11% Mar
•
37% Jun
300
■
Aug
28
-*107%- 108%
.-a,;:.
104% Si
*103
yi
41
95
200
•
25
Jun
«
v
Apr
Jun
f
32%
Dec
22 %
9
14% Jun
1
590
* 110-v
.110:
.
July
7
50
? '
3,800
31-
32%
33
..31%.
*30
•
109%
15
36%
30*
'
*323/4 i.
33%
*32%
31
31
31
30%
323/4
32%
33'/*
*32%
■
Xl09%
May
Apr
Feb
Jan
.4% Jan, 22
26,400
'
62
11%
22%
45
17% Mar 27
9,200
.
44
.
Aug
8
32% Jan; 13
i
33%
33%
44
.
Jun
2 /a
25
—10*
11,200
29
287/a
A"?;
Feb
Ry_
—4-100*
f. ■
4 % wnon-cum. 2nd preferred_i.,100'
P Western Pacific RR Co com—No par*
30 *
*29
.■f/
33%
44
.
>•■5
-
33
.
1%
24
No parf
pfd
11% Mar
3
.Western.. Maryland
1,300
ih
Nov
10/a
Jan
_9.
3Q% Jan
100
Air Lines,
Western
13,100
54%
x20
Jan
18% May
27% May
.
2
Mar 26
£0.
—3 v
.J——« 100
..Western-.Auto. Supply
4.700
30%
Jan
7%
8
'••'/.
37% May
70
Z 24% Jan.
—3
preferred—
--6%
1,700 k
•
49
55-
"
'
10%.'
v
—.
Power 4%%
Nov
22
West ,va Pulp. & Pap CO
1,000
•46
•
10%
••>,
••55%.
88 f -V *
48%
,
56
87
y
10%.
r!
,293A
r;
54%
88"%
:;•
863/4
31%
*30
31%
57%
'M 87
46
.:
1.
preferred
6%
West Penn
I 30
"
26%
26%
.
473/4.
10%
"
52%
27
.26%
473/+ S 11 47
10'/a
!
55%
31
:"3o%
27%
'
47 »/a
10%
\
27%
27 %
27%
27
Jun
18% Jun
Inc_.
$4 conv preferred—,
"
27
15
Mar 26
13
29% Apr
9
15% July 13
West Penn Electric class A—No .par*
y 7%, preferred—
—, .100
1,600 <
;•
57% Jan
—1'
Tobacco
68
17
West Indies Sugar Corp—
f 70
\ 90 7
;
■
30
••./. 112
.
•
"
116%
116
-
'
/W
117 v
108%
-
z
.29% •.?
.
109:
2% Apr
Wesson Oil & Snowdrift
7,100 V
>.•/?.-10;-
32:
■
*108%
2
Wayne Pump Co_
j- 200
87
87
31%
C
1 % Jan
5
Dec
108% Nov
Feb
17%
18
Z
31V*
Apr
Nov
48
5
Jun
—No par
Waukesha- Motor Co
400
1,700
'
Jun
14
Corp—. —5
Gas Lt Co_
No par
Washington
'
10,400
88 r
±.
Pipe
300
;
•
38
ll'/a
"115
115%
700
28%
108 j .
115 -yi
*107%
i
12
2
Petroleum
10%
31%",
31%
108%
2
9% Jan
Pictures
Warren
•
"39
32%
108 %
—
preferred
1.000
23%
*107%
16
8% Jan
No par
i
Pdy &
4
'
19/a Apr
par ')
i per share
X105
Apr 27
20% Feb 24
No par
—50
Co ci A
Warren
26%
8
6
72
No par
»No
Warner Bros
35
May
110% Apr
24
July 11
306
61% Mar 27
preferred
400
r
10% v
28%
$7
1,000
22,600
■
V*.
28%
10%.
...
29%
64/4
100
Highest
t per snare
$ per share
No par
Waiworcn Co
Ward Baking
Class B
30% Jan
No par
G & W
(Hiram)
100
10%
66
*64%
Walker
.
10%
2%.:.
.
30
20%
,
10%
11%
2Ve
v
■■•v-
V
16%
*21
28%
11
*10 3/4
2%
2'/ay
'
; 10
107/a
11 Vb
11%
,
*20
20%'
*20
Walgreen Co
4% preferred
900
1044
Lowest
Highest
$ per share
1,400
69% •
•69%
65
*27
27
20%
32%
106%
.
70 -y
69/a
11%
2%
1 32%
*105%
32%
106/2
#
*34%
35%
*34
*20
11%
2%
32%
*105/2
70%
11%
2%
16%
693/4
20%
11
11%
33
106
69%
*20
2%
33
106
107
69%
69%
Year
Range Since January 1
Lowest
EXCHANGE
Shares
t per share
$ per share
Range for Previous
•
STOCK
NEW YORK
Sales (or
the Week
July 13
July l'i
t per snare
32%
107
108
*107
July 11
July 10
Friday
Thursday
Wednesday
Tuesday
"
Monday
Saturday
flliBSBMi
Guaranty Trust
——
——
Irving Trust
Kings County Trust-.
Ask
Bid
210
190e
500
200
—100
349
10
35~8~
19/a
18/a
——100 1,800
43
Lawyers Trust—
25
59%
Manufactures Trust Co com—20
49%
Conv preferred—.
—23
307
Morgan (J P) & Co Inc
100
45%
National City Bank
12%
New York Trust——
25 109%
45%
Public Nat'l Bank ft Trust—17%
1,850
46
'
61%
314
47%
112%
47%
79%
76%
National——
13%
12%
Title Guarantee & Trust——12
1,570
United States Trust
100 1,510
Sterling
THE COMMERCIAL & FINANCIAL CHRONICLE
264
Monday, July 16, 1945
J&
Bond Record'
Mew York Stock Exchange
((»
FRIDAY
NOTICE—Prices
interest"—except for Income and
"and
are
the
week, and when outside of the
/
The
italic
4 Vis
L-/
■
or
1947-19BS
„
Treasury
3%s_.
1946-1956
m-s
3 Vis-
1946-1949
102.8
No.
Low
102.8
102.26
24
102.17
Brazil
109.24
L
Last
or
Bonds
Friday's
Bid & Asked
e
Range Since
Sold
January 1
No<
Low
High
bonds
$
V/':v
Week's Range
Interest
(Continued)
External
Low
3%s
Series
No.
15
*63%
103.27
3%s
Series
No.
16—
*63%
103.20
3%s
Series
No.
17
*63%
66
51%
.1949-1952
J-D
*109.25
109.27
3%s
Series
18
.1946-1948
J-D
*102.11
102.13
103" 19 103~19
No.
3s
3%s
Series
No.
19
64%
>m
64%
m-s
*111.17
111.19
111.4
111.27
3%s
Series
No.
20
*63%
.
64%
1955-1960
MS
*113.29
113.31
112.27
114
3%s
Series
No.
21
♦63%
64%
1945-1947
m-s
100.13
100.13
100.18
101.17
22
*64
65
*63%
65
1951-1955
Treasury
2%s__
2%s—
2%s__,
2%s_..
2% s—
Treasury
Treasury
Treasury
*64%
—
:
3%s
Series
No.
1948-1951
m-s
*105.14
105.16
105.14
106.11
3%s
Series
No.
23
1951-1954
J-D
*109.31
111.1
109.25
110.15
3%s
Series
No.
24
51%
'
.
5
*113.17
113.19
112.10
113.7
3%s
Series
No.
25
.63%
114.2
112.21
113.27
3%s
Series
No.
26
*63%
64%
*115.10
115.12
113.2
114.19
3%s
Series
No.
27
*63%
66%
1945
J-D
*100.28
100.30
3 %s
Series
No.
28
*63%
70
m-s
*105.21
105.23
3%s
Series
No.
29
*63%
■i-
1949-1953
J-D
*107.3
107.9
3%s
Series
No.
30
*63%
69
m-s
*107.31
108.1'
2 Vis.—
1950-1952
Treasury
2 Vis
2Vis—
Treasury 2Vis
1952-1954
m-s
*106.6
.1956-1958
MS
*107.8
107.10
.
.
—
107.1
107.15
107.25
107.25
107.1
107.1
'
106.8
Treasury
-*Lm,
Treasury
1962-1967
J-D
1963-1968
J-D
June 1964-1969
J-D
_
Treasury 2 Vis ..
2Vis__
Treasury 2 Vis
Treasury 2Vis
Treasury
1965-1970
Treasury ?Vis
MS
1966-1971
MS
June 1967-1972
J-D
...
Treasury 2 VisTreasury
...
Treasury
;
••
100.10
102.2
1978
A-O
100.18
102.3
External
1973
M-N
101.20
3%
1984
J-J
i960
A-0
110% 1107/a
1961
J-J
108
108
1907
104
104%
s f 4%-4%s
external iff bonds
Canada (Dom of) 30-yr 4s
J-J
104
—1968
M-N
104%
Jan
15
1948
J-J
*101.18
101.20
3s
Jan
15
1953
J-J
*103.13
103.15
Jan 15 1958
J-J
2s
2s
Sep 1949-1951
m-s
*103.1
103.3
Dec 1949-1951
J-D
*103.1
*103.4
1
103.6
1951-1953
m-s
103.3
103.3
1951-1955
J-D
*103.6
103.8
June 15 1952-1954
J-D
103.3
103.3
103.3
_
103.2
m-s
103.4
—
2s—
Dec 15 1952-1954
J-D
1953-1955
2s
June
15 1948
1950
IVis
103.3
103.4
J-D
?
*106.30
*101.22
101.24
103.2
100.25
103.3
1
100.17
103.5
100.13
103.6
U-
V:
19
J-D
y
»
35
A 6s
s
F
oreign Securities
19
1961
J-J
1961
19
19
■
J-J
REctor 2-2300
120
NY
Broadway, New York
M-S
*19
A-0
1963
M-N
1957
J-D
J-D
external
&
fund
6s
1947
F-A
*66
sink
fund
6s
1948
A-O
*66
1968
M-S
Akr>rchus
(King of Norway)
AAntioquia
(Dept)
A External
f
s
4s
coll 7s A
1945
»
'
J-J
36%
*36
36%
.
•'
•
36%
71%
62%
71%
79
V
90
tm-m.
J-J
1945
7s series B
61
"{
82
35
38
35
yyi:. 2
38
AExternal
s
f
7s series C
1945
J-J
*36
36%
34
37%
AExternal
s
f
7s series D
1945
J-J
**36
36%
34
37%
AExternal
f
s
7s
1st
series
AExternal
A
sec
s
f 7s 2d
AExternal
sec
s
(City)
Antwerp
Argentine
1957
a-0
1957
A-0
series__1957
f 7s 3rd
A-0
series
external 5s
1958
*30
31
*30
mm'-*?.
'
'
J-D
32%
*105%
30
18%
18%
171/4
18%
18%
2
18
18%
i8%;.
3
17%
18%
,18%
A-O
"v;/■
*18
86%
.
(National Government)—
"\
S
f external 4Vis
1948
M-N
102
102%
24
S
f
1971
M-N
100% 100%
1
95
S
f extl
'90
S
>
f extl
conv
Australia
loan
conv
4Vis
loan 4s
Feb
1972
conv loan 4s Apr
1972
rCommonw'lth) 5s of '25-1955
External
5s
of
1927
external
95
94%
95%
42
95
95
95%
8
104%
1957
6Vis
m-s
M-N
104% 105%
103
1956
External g 4Vis of 1S28__:
Belgium
F-A
A-O
J-J
100%
1949
m-s
f 6s
1953
1955
J-D
.1841
J-D
.External
lABrazil
s
(U S of) external 8s
4
:; 99% 100%
J-J
:..' External s' f 7s
i
65
102% 103%
:
27
*104% 108
.
7i
—
-.1
(Int
va
18%
7
17%
18%
M-N
18%
18%
2
Wi 17 Vi
18%
17%
19e0
M-S
16%
18%
17%
J-D
35
35
5
26
35
1901
A-0
77%
77%
1
68%
1901
J-J
77%
77%
1
69
77%
77%
1970
5s
M-S
1900
lfifll
:
A-O
57J/e
58%
15
*17%
Oct
Jan
f $ bonds
s
57%
*46
1947
F-A
*48
71%
1978
J-D
.1957
A-0
13
.1979
A-0
♦66
■
:
(Int reduced to 3.375% )
AExternal s f 6Vis of 1927—
69
.1957
A-0
.1952
"■
■
J-D
69%
W::
64
A-0
.1979
(Int reduced to 3.375%)
A7s (Central Ry)
(Int reduced to 3.5%)—.
v
i
j
5%
103
104
100 %
102%
107%
59%
73%
57%
*71%
59%
—1978
J-D
*66
73%
—
54
—1979
52
M-S
F-A
*
3
3
Li''
37
1
■i.U
'.'/A":';-"* -'L'L
108
108
r
-
37
-
loan
4%s
1949
debt
1977
J-D
*110%
1953
J-J
*103
1945
J-D
*120
A-O
*110
125
A-0
115
115
72%
70
5%s
108
5%s
108
Jkwm
f
■
■
L"
110
110
111
154
-.'72
74
91%
91%
94
15
81 %
92%
92%
94%
10
80
1962
A-0
90
91%
10
77
1942
M-S
*101%
1940
A-0
*101%
yy'ixyy
68%
M-S
A-0
*101% 102%
A-O
J%s
Series
No.
1
*65 Vi
-
66
52
Series
No.
68%
o:54s
2
65 Vi
651/a
52
J-J
1945
M-S
1949
J-D
101% 101%
*50%
1
Series
No.
3
*65%
66
52
66
52
67%
651/2
52
68%
72%
60
72
53
73
Series
No.
4
Series
No,
No.
;
5
Series
6
*67%
*Vi2
»
Series
No.
7
d%s
Series
No.
8_
74
74
3%s
Series
No,
9
3%s
Series
No.
10
;
3%s
Series
No.
11
-*%s
•
*72
Series
No
74
74
51%
74
74
74
52%
!
12__
52
72%
65
52%
101%
60
44%
*97
*108%
97
100%
—
51%
66%
65
3%s Series No. 13
*63%
64%
51%
66
3%s
*63%
66
51%
68
For
Series
No
footnotes
see
14_—
page
268.
60
98
108
1949
Government—
A7s
part
A 68
part
paid
paid
1964
(Republic) s f 6s series A
Helsingfors
(City) ext 6Vis
Irish Free State extl
AJugoslavIa
AMedellin
Mcndoza
s
f 5s
20%
1
16%
17
18
39
1957
A-0
97%
98
4
96
1960
A-0
87%
87%
1
82%
i960
(State Mtge Bk) 7s
(Colombia)
(Prov)
20%
1938
Haiti
17
M-N
*101 %
14%
100%
A-O
*20%
23
12%
J-D
*30%
31%
30%
—1954
4s readjusted
Tli57
1954
6%s
J-D
94
25
23%
100
90%
102
27
34%
100%
Irrigation—
A4%s stamped
AAssented
to
assented
Nov.
5.
1943
1942,
M-N
*12%
•
agree
*10%
„
14% *
For Financial Institutions
SECURITIES
FIRM TRADING MARKETS
CABL-MARES & C2l^£
FOHEIGN SECURITIES SPECIALISTS
681/4
65
*63%
—
95%
102
74
....
*72
99
101'A
100
68%
65 Vi
65 Vi'
3%s
3%s
3%s
.♦
99
100%
68
2%s
115%
*101 % 102 Vi
External $ bonds of 1944 (Plan B)—
1
157%
115
—
66
—
■
A-0
1961
1967
7s
ext 6s
Republic 7s stamped
7s unstamped
100%
•-
1969
French
89%
108
110
F-A
1969
(Republic of)
-
J-J
1940
series
(Rep of)
157%
94
41%
105%
?,4r':Y L^-: "
1942
5Vis 2d series
AEstonla
2
V--'/'.■I';--'
'
1955
Admin 5%s 2d series
1st
—
."
31%
2
wks
108
42
■
86
83
*79
50
49%
42
external
FOREIGN
A-0
-
*106
M-N
1949
84%
M-N
1951
86
—
58% :i 'v
41Vi
69%
"3
Stamped pursuant to Plan A
reduced to 3.375% )
J-D
TV;-
66
__
69%
62%
-~
48%
41%
71%
52
63
69%
*
■
■
66
funding bends of 1931
(Int
1952
.1953
(Rep of) 7s
(Republic of) 5s of 1914
5Vis
69%
57% ■11
52
(/tamped pursuant to Plan A
i
95%
53
•
Stamped pursuant to Plan A
.
5s—
§A2d series sink fund
•
;
—
Stamped pursuant to Plan A
;
(City)
Rica
Customs
107%
105%
18
*46
Greek
18%
18
A-0
Finland
18 Va
17 %
M-N
M-N
Mexican
reduced to 3.5%
s f 6Vis of 1926____.
AExternal
V
99%
100
99%
99
100%
Tf
'
Stamped pursuant to Plan A
-
90%
'
102%
101 %
105%
102% 102%
*107%
100%
18
18%
1902
External gold 4%s
lADominican Rep Cust Ad 5%s
§Alst series 5%s of 1926
33%
105
x-yxry
Zl962
6s
lADenmark 20-year extl 6s
External gold 5%s
33 Va
30
18%
18%
A-O
A Czechoslovakia
33
30
■
*30
"vi
-
19%
19%
18
(Rep of) 8s ser A-1951
ASinking fund 8s series B
1952
(Colombia) —
sink
18%
,; 17%
18%
J-D
1901
APublic
AGtd
19%
2
19%
1961
Sinking fund 5%s
AGtd
19%
17%
'
1948
Cuba
Municipal
Mtge Bank
Agricultural
19%
18%
■
1947
4Vis
Govt.
17%
;v--
•.
18%
19 Vi
7
v.-
''
Mtge Bank 6%s
External
Foreign
1
20
19%
:
19%
19%
18%
-
V;
19%
: *19
M-N
1901
19%
19
J-D
19%
.
17%
*19%
A-0
—1901
1927
ACosta
1-1693
34
19%
22 Va
17%
18%
19
1962
25-year gold 4Vis
'
19%
19
xi
17%
18%
-t
19
1957
1928
of
Copenhagen
Teletype
81
19
'r: 'V_ '
19
ASfnking fund 7s of 1926
ASinking fund 7s of 1927
Members New York Stock Exchange
19%
(Republic of)—
of
A6S
Wertheim & Co.
18%
19%
M-S
1903
(Hukuang Ry)
A Colombia
Telephone
20
*22
F-A
sinking fund 6s
AGs
3s
19%
19%
19%
*19%
190a
A7s assented
Colombia
A-0
F-A
assented
AChlnese
17%
A-O
AChllean Cons Munlc 7s
T
18%
13
1960
A6s assented
A 6s
70
10
19
196J
A6%s assented
AGuaranteed sink fund 6s
■
36
19%
Sep 1981
Sep 1961
AGuaranteed sink fund
V'1 '''
,105%
(105%
104
19%
Jan
6s
ASinking fund 6%s
112% 122
?V *• -[C
102%
104
9
19
Jan
I
assented
AExternal
J.
-
102
M-N
1961
A6s assented
101.10
37
120%
102%
M-N
Feb
AExternal sinking fund 6s
__
101.23
Unification Issue—
120
106%
106%
12
J-J
Feb
A6 Vis assented
120V4
102%
yyyy&ii
104 % 104%
*101% 102V4
1960
A6s assented
J-D
108%
1954
AChile Mortgage Bank 6%s
.1980
111%
106%
194a
AExtl sinking fund 6s
a6s assented
City
Corporate Stock
76
'109%
1
1942
f 7s
s
assented
ARy external
__
101.9
8s
External
assented
A6s
101.8
.■■
101.9
101.8
__
■:
V
(City)
(Rep)
AExternal sinking fund 6s
,
A 6s assented
AExtl sinking fund 6s
103
4
,-7—r
A 7s
103.4
102.24
102.10
95
4
--.•v.-
-
96%
63
'
.3s
__
101.29
'?■. y.!
107.2
j-d
A Chile
102.27
„
103.5
*103.3
m-s
Sept 1950-1952
ACarlsbad
104.24
102.20
__
■
March 1950-1952
102.9
104.24
'(>
'
103.28
102.9
102.9
103.2
103.28
■
104.14
Treasury
'-k
.
83
.
*103% 104%
•39
70
—
__
100.27
-
94%
80%
'.v-'
104% 104 Mi
J-D
J-D
Vv.
2
'
94%
80%
3
•
95
80%
.
2
77
2 Vis
♦103
■
94
103.29
*104,12
3%
93%
94
103.29
*102.7
Transit
93%
94
108.30
'■
103%
4
104.21
m-s.
York
92
103.29
J-J
New
92
*108.28
J-D
Treasury
4
*104.19
v
Jun 1949-1951
—
92%'
25-year 3%s
30-year 3s
30-year 3s
m-s
101%
102%
y 95
•
92%
105.17
Dec 1948-1950
2s
♦95
92%
107.26
J-D
Treasury l%s__
F-A
Refunding s f 4%-4%s
External readj 4%-4%s
100.30
_Mar 1948-1950
Treasury
M-S
1976
f 4%-4%s
s
107.19
2s
2s
Treasury
1977
102.7
97%
100%
(Province of)—
stamped
1
Treasury
Treasury
Treasury 2s__—
External
•JiSj
Treasury 2s
Treasury
A 6s
102.9
107.18
J-J
68
.95%
105.17
—1959-1962
Treasury 2s
2
—
105.17
1947
Treasury
M-S
102.15
30
66
67
53
'
—
■
*107.16
Treasury 2s
Treasury 2s
Treasury 2s
/
100
1961
ai
-
*101% 103
101.13
':
:•
68
52%
C'v
*100%
100.15
4;
/'
101.20
65%
51%
•
J-D
1956-1959
_
2Vis
Treasury
101.26
102.9;
100
F-A
J-D
103.4
4
101.13
M-S
1950
Buenos Aires
67
52
V
m-s
1952-1955
2Vis
Treasury
v
101.25
1954-1956
2 Vis.
2 Vis.
Treasury
102.7
*102
101.16
1957
1958
Sinking fund gold 6s
100.17
9
68
51%
■■
•
67%
68
51%
'
6
yy^
-
'
1951-1953
—Sept 1967-1972
2 Vis2V*s—
102.9 v/V C;,v
101.30
102,7
f 5s
s
Sinking fund gold 5s
100.18
102.6
J-D
(City)
51%
'
100.28
;:r
103.15
*102.23 102,25
.
1964-1969
.Dec.
_
Treasury
*103.13
7
Brisbane
__
V\
.
66%
:
51%
•■i
63%
*114
J-D
*1948
V
51%
-
J-D
__
66
52
;
1958-1963
m-s
66
51%
v'
'
.1960-1965
.1956-1959
68
51%*
*63%
•
Treasury
2%s—
2%s__
Treasury 2 Vis—
Treasury 2Vis—
Treasury 2Vis—
67
'
Treasury
Treasury
67%
59
'm
-
■
3%s__
3s
67%
51%
'
z.—'.
Treasury
Treasury
High
(Continued)—•
Treasury
__
of
tranaaetloaa
•/•v.vv-;';
•
Period
High
108.14
Low
108.12
102.8
102.8
*102.15
__
•v-<: ■'<
New York Stock Exchange
Range Since
January 1
Sold
*108.10
J-D
july 13 '
for week ending
BONDS
Bid & Asked
Sale Price
a-0
Treasury
range
Bonds
Friday's
High
Period
Treasury
Last
Government
_
v v.
v
Week's Range
Friday
Interest
Exchange
York Stock
8.
the only
are
regular weekly range are shown in a footnote In the week In which they occur. No account la taken of auch sales In computing the range for the year.
"Interest Period" Indicate In each case the month wb«n the *md» mature.
, *
■:-vvy; bonds.
B.
YEARLY
-
Cash and deferred delivery sales are disregarded In the week's range, unless they
letters in the column headed
vv:-
New
WEEKLY
-
defaulted bonds.
50 Broad Si.. New York 4, N. Y.
Telephone HAnover 2-0050
Teletype N. Y. 1-971
12%. 12%
10%
11%
RECORD
NEW YORK BOND
RANGE
I
BONDS
j
Friday
^
:'-vv;
y
AAssented to
iY
.
AAssented
to
Mlnas
5,
Nov.
to
1942,
Stamped pursuant to Plan A
(Int reduced to 2.125%)
Mas
AMontevideo
2008
f
s
8 A Poland
J-D
A
A-O
F-A
7s..,
101
98%
100%
■
98%
*98% 100
95
95%
98
*44%
47
38%
24
J-D
A-O
21%
21%'
22 y2
80
18%
21%
22%
107
18%
24%
25%
25%
14%
A-O
*26%
A-O
*35
31%
'
%-t' ;
16
28
2
39
.
39
3
25%
29
1
14%
30%
42
71%
*70%
83
42 y8
a-O
1940
-
,
to 2.5%)——1999
fund gold—-—1968
447/8
37
46
93%
35%
39%
*50%
54
45%
''
'
44%
44%
Y 1
43%
43 Vi
J-D
t
Stamped pursuant to Plan A
(Int reduced to 2% )—._—2012
A7s external loan of 192fi
1968
43%
12
*36.
M-N
) 46%
Y»Y''
45 y8
49%
36
40%
42%
39%
1
*45%
J-D
45
36%
35
46%
—
—1967
40
42%
40%
48%
Stamped pursuant to Plan A
YYY
(Int reduced to 2.25%)_—2004
external sink fund 4s
1964
-.1952
8s—
(City)
Paulo
,'J
98%
50%
41
45 y«
37%
40
45%
*37%
42
37%
45
♦43%
...
40%
42%
49%
Y*YY/ 43%
M-N
>
90%
Y 3
95
*48%
M-N
Stamped pursuant to Plan A
(Int reduced to 2.375%)—2001
A6%& extl secured s f
1957
94
94
m-s
36
40%
60
Stamped pursuant to Plan A
reduced to 2%)—-—2012
|ASan Paulo (State) 8s
1936
Stamped pursuant to Plan A
(Int reduced to 2.5%)——-1999
A8s external
1950
(Int.
Stamped pursuant to Plan A
(Int reduced to 2.5%)U
A
J-J
2012
1940
Stamped pursuant to Plan A - Y
(Int reduced to 3.5%)
.1978
AExternal sink fund
AExternal sink fund 6s
3%s-4-4%%
12
J-D
J-D
*25
*21
24%
101
102%
—
105
'-•/'■
;
--
27%
32
26%
103 »/4
105
,
Si
3-D
*81%
1978
1984
F-A
J-J Y
F-A
F-A
*87
1958
1958
external 7s
89
89
87
72
89
75%
74 %
31
86
85
85
M-N
1978
readjustment
(City)
17%
100
27%
-m'.-C'
*100
*100
■
22
28
*100
m-N
M-N
extl conv
AiVas assented
series
AStamped
i
.
gold 4s
Adams Express coll tr
1st
Power
warrants
mtge
&
Foreign
3 Vis
;
' 3s
Am
A
Wat
Wks &
Anglo-Chilean
Ann
deb
Co
Arbor
1st
Elec 6s
1st
&
mtge
4Vis
cum
Co
For
66%
88
422
55
M-S
83%
83%
84%
JW-S
83%
83 y4
85
F-A
70%
70%
73
1
Cre^k
1951
87 Va
157
21
96%
3
104%
J-J
F-A
F-A
,
Y
,]i 1st mtge 4s series RR___._._....1960
Alnc
mtge 4'/2s ser A
tABoston & N Y Air L 1st 4s
Bklyn Edison cons M 3y4s
J-J
July 1970
1955
..1966
1950
A—.—1947 Y
2_2..__1969
Bklyn Union El 1st gold 5s__
Bklyn Union Gas 6s series
Gen mtge s t 3%s
:
s
of
A Certificates
Consolidated
Bush Term
Elec
Collateral
Power
3'/2S
3y8s—
Power
Calif Oregon
of
Certificates
Clinch
& Adir
:!Y
deposit
&
Ohio
A-O
108
89 y4
99
A Mobile
J-D
1945 ,'
1945
.1959
;_1959
gold 4s__1951
money
A 5s
_._1964
;
103%
AGeneral
104%
A4s
105 y4 105%
52
105%
109%
105% 106 y4
29
105%
1091/2
1961
1—
4s
■
106
1st & ref
104
S A Central RR & Banking 5s stmp.1942
110%
115%
Chesapeake & Ohio Ry—
General gold 4y2S
(4V4 %
to Aug 1 1949)
Jlf-N
.1974
3%s series E
19
106
106%
12
103
105%
36
105
107%
15
104
107%
105%
107 Ms
104
106 Ms
98
103y4
107% 107%
*106y4 107 Ms
107
♦106
.
■
-V
101%
101
23
74%
74%
76%
;y- 34
70%
80%
79
80 Va
14
63%
106
106 y»
25
105%
108%
105%
107%
2
109%
111%
107%
107 Ms
99
73%
86%
80
109
31%
——
49
*._
•
96%
31
r—
/
*102%
51
*49%
101%
..
12.
86%
Y/.Y,5
97 y8
96%
96%
110 A
10
60
;
,
105% 106
111% 111 Ma
;
106'/4
108%
__
106
*—
84
108%
106%
108% 108% y: Y'8
106
801/4
105
■'
*106%
1946
90
102
Ref
105%
Ref & impt M
104%
107%
102%
103
103
*107%
120
._
R
&
&
A
107%
,,
1031/2
98Mi
115 y8 116
106%
■
12
12
116%
121%
13
116%
117%
116%
■
impt mtge 3V2S D—Y
Div
1st
cons
gold 4s_____19R9
gold 4s
lACLlcago & Alton RR ref 3s.
.1989
1949
118
116%
121%
1
115%
1201/4
2
112i/4
115
.
...
__
118% 118%
114
114
1171/4
....
'
116% 117
♦117y8 117%
*120%
108%
107%
112
!''
' Y
120
120
104
103%
—
107
*__
115%
1041/2
1071/2
104% 104%
104%
8
104'/a 104%
18
96%
106%
104 Ms
9
103%
1051/4
104
*119
115%
'V*;
115% 115%
107% 108 M)
:■* 87 Ms
103%
88
-
107%
121%
l
111%
1201/4
55
107%
llOMs
'
J..-;
•
10
78
88
9
102%
106 Ms
104
3
102%
104%
90
12
102% 103%
104
89%
89%
103 '
103
73
1
86%
74
53%
90%
106%
84
79 Va
78%
80
23%
23%
24%
30
14%
28
23 y8
24 Vz
132
13%
28
83
83
1
63%
87
23%
*43
Ms
101%
.29%
48
106%
108
4
101% 102
21
96
108
48
1091/4
103%
47
48 V4
99
38
55
47 y4
45%
46%
78
36%
52%
43%
43
9
34%
43%
35%
1031/2
*105% 105%
108
104%
108%
104 y4 105
♦110 Ms
F-A
M-N
M-S
M-N
F-A
1992
1996
.1996
71
94
104
106 y4
18
105
12
107%
56
96%
series A
143%
104 y8
100%
2d consol
"
1974
F-A
5s
116
106
103%
105
A-O
F-A
gold
101%
*103 Ma
103
105
43 Ms
1960
Guaranteed
96%
Y
M-S
J-J
Central Pacific 1st ref gtd gold 4s_1949
41
90
107 Ms
103
:'r-
46%
..19R7
297
90
105
—1987
registered
143 Yt
*99% 101%
Jif-s
J-J
J-J
—.——1987
103% 103%
.
Q-J
7
J-J
A-O
1946
1st gtd 4s
F-A
M-N
A-O
A-O
J-D
—1980
gold
registered
102%
;
1975
5s
Light 3%s
Potts Creek Br 1st 4s._.—
Jan Y
1967
—-
J-J
J-J
Nov
1st
Div
5
*112% 113%
105
F-A
103% 103%
M-N
105
M-S
5%s series B
5s series C
Div pur
AChatfc
63
138
103
105
tCentral of Georgia Ry—
102% 103 y4
94
A-O
J-J
J-J
J-D
J-J
A-O
F-A
J-D
F-A
1948
debs__
debs.
1st gold 4s
U P
ACent
101% 102%
103%
102
101%
A-O
M-N
1962
1955
Corp 3%s
Branch
157
ARef & gen
138Vi
131 y4
100%
15
48 y4
1981
Jst gtd gold 4s___;
106%
A-O
129%
5
103
85%
1965
4s
Centrai N Y Power 3s—;—
M-S
1
102
103
46%
M-S
J-J
1960
4%s_.
trust
tiACarolina Central 1st gtd 4s_...1949
JACentral of N J gen gold 5s._—1987
1969
98
102%
102
129% 129%
83%
J-J
98%
102%
47
A-O
1968
1974 :'Y,
Canada Soutnern cons gtd 5s A
1962
Canadian National gold 4y2S
i-1957
Guaranteed gold 5s
Oct 1969
Guaranteed gold 5s
1970
Guaranteed gold 4%s
1955
Guaranteed gold 4y2s
1956
Guaranteed gold 4V2s
1951
Canadian Northern Ry deb 61/25_._1946
Can Pac Ry 4% deb stk perpetual
California
104%
106 %
86 Ms
*102%
A-O
fACent New Eng
•>•
9
84%
1955
116%
J-D
97
105%,
1960
5s
ARef & gen
105 Vi
95%
—
Bldgs 5s gtd
§ A Consol gold 5s
102%
86%
A-O
1952
102%
m-s
12
M-N
deposit
Alst mtge 5s_
A-O
97
M-S
F-A
J-D
f debentures
101
5
96%
JW-N
M-S
-
—1969
Buffalo Gen Elec 4y2S B2
1981
Buffalo Niag Elec 3'/2S series C
1967
Buffalo Rochester & Pgh Ry—
Stamped
modified
(interest at
3% to May-1, 1947) due
1957
JBurlington Cedar Rap & Nor—
§ Alst & coll 5s
1934
4s
M-N
F-A
Af-N
F-A
100
91
127
100% 101
100 Ms
M-S
M-N
A-O
.2.1961
gold 4%s series JJ
Ylst
115%
•
99%
98%
J-D
A-O
103%
53
99%
98
100%
86%
99 ya
A-O
Loan
104
99
•'
75
94%
44
A-O
2V4s_.—...1950
2%s debentures
1956
Bethlehem Steel Corporation— Y
Consol mtge 3y4s series F_._
1959
Consol mtge 3s series G
1960
Consol mtge 3y4s series H
1965
Boston It Maine 1st 5s A C
1967
1st M 5s series II
1955
Extension 1st 3y2S
Indus
105%
*97 y2
-.vY..
98%
'
M-N
Telephone of Pa 5s series C—1960
Beneficial
100
1962
268.
'
95%
1 1947)
A-O
..1956
due__.._
88
151
2000
(int at 1% to
due
1996
2.
Feb 11960
Central Illinois
series A...1975
page
66%
102
1.
3s
debs
see
92%
45
109
_____1966
series E
footnotes
75%
102%
1995
Bdge &Term 5s 1964
(111)—
•
" Y
(Subordinated)
146
107
1998
Nitrate deb
income
91%
100
gold 4s__._._
3!/4s
89%
100
Ark & Memphis Ry
Armour
90
107% 108
...
debentures...
3-D
*100%
A-O
Tobacco
88 Vi
1993
*iooy8 102
2030
debentures—.....
3s
66%
(int at 1% to
due
102%
JJ-N
conv
Amer
107%
209
1946
5s„.
5Vis
debentures..™—1.
99%
85%
A-O
debentures.
3»/4s
71
83%
A-O
Telephone & Telegraph Co.—
.....1961
American
Y
104%
83%
J-J
Bell
106%
3-D
—1951
Beech
98 Ma
1995
ser F
103
115% 116%
104
68
105% 106%
to
due..
stamped
4s
Cart
*iciy4
105 J/4
96%
20%
115%
102
J-J
13
J-J
9
—1951
19%
•
,..,.1949
conv
1946)
102% 102%
M-N
46%
103% 103%
(int at lvs%
C
ser
1
no6 y4 106%
F-A
38
104%
i." A-O
ref 4s
Con
Carolina
■
49
106
Bangor & Aroostook RR—
27
105 y8 105 Mb
40%
J-J
18 %
*103%
1975
Pow deb
G. Chem
105 y8
J-D
40%
103%
A-O
1948
mtge 4MsS_.™
Amer I
m-s
40%
1959
22%
101% 102%
50
44
Toledo Cin Div ref 4s A
78
'
Y
22
J-J
91
-
July 1948
4% to
July 1948
at
J 948
Alleghany & West 1st gtd 4s
Am
'?
1972 ">
3Vis
assented..
Albany & Susquehanna RR 3 Vis
Gen
M-S
:
J-J
50
1950
*17
101%
1967
Albany Perfor Wrap Pap 6s
with
J-J
49%
due
70
'Y-'—
*101Vi 101
1946
10-year deb 4 Vis stamped
Great Southern 3V4S
6s
109%
50
1948
1948
(int at 1%
due
due
to Jan
22
J-D
J-D
1947
Alabama
Alabama
109 %
96%
gold 4s extended to
1951
1st M (int at 3%%
Ref
Celanese
1953
1953
__3948
1907
Coll trust 4s of
104%
62
,
due
C'elotex Corp 3%s
plain
A
107%
15
108% 109%
105% 105%
S'west Dtv
Y Y ;
78%
•
f Abitibi Power & Paper—
§A5s
104%
io8y8io3y2
109%
Pgh L E & W Va System—
78
*71
Industrial Companies
and
Railroad
12
22
F-A
F-A
1979
3%s extl readjustment
A Warsaw
23
M-N
4-4%-4 Mas extl
1
108 y4
82
*21
1979
3%-4Vb-4^,
.
64.
•21
conversion
External
■
43%
87%
bonds of 1937)—
($
readjustment
External
,4
73
,
111M>
__
J-D
Bush Terminal 1st 4s
M-N
m-N
1960
1964
6s
73
50
66%
59
78%
78
73
46%
37
36
*43%
A-O
(Kingdom)—
1962
A7s series B sec extl
1862
ASilesla (Prov of) extl 7s
1958
A4 '/as assented
1958
Sydney (City) s f 5Mss
1955
AUruguay (Republic) extl 8s—
1940
Serbs Croats & Slovenes
A 8s secured external
53
53
39
yF
50
50
Yj
~.'fJ-J
A-O
Stamped pursuant to Plan A
(Int reduced to 2%).
s f 7s
8 A Secured
40%
*46
J-J
60
42
"l
46%
46%
M-S
53
45%
5
*51
J-J
1999
43%
60
59%
J-J
Stamped pursuant to Plan A
(Int reduced to 2.25%)
.-2004
6s extl dollar loan
1968
60
*51
J-J
—1956
loan
extl water
A 7s
59
59
J-J
V
111
'110%
M-S
1953
(int
Sep 1 1946)
54
39%
3 D
Stamped pursuant to Plan A
1
(Int reduced to 2.25%)__—2004
$ASan
J-D
109
..
Ry—
4s
1946)
Dec
AConv
41
*36
t
A-O
Stamped pursuant to Plan A
flarita
A
1946)
1
Ref & gen
(State of)—
loan
4y2S
Ref & gen ser D
Y
Y
F-A
1
Ref & gen
Y
*43%
F-A
110%
Y
M-N
& gen ser A
Dec
50
41
50
*49
a-0
Oct
104%
101%
104'/a
104 %
F-A
.•
1963
gold
mtge
,'Ref
v
49%
37%
42
6
*110
*105
v,
July 1952
,.1964
4s
Sep 1 1946)
"Y42:-Y
j-j
m-N
1st
47
41
A
extl loan of 1921
reduced
Line
Air
cons
mortgage
to
43
*46%
5
A 6s external sink
1st
1st mtge gold 4s—
Stamped modified bonds—
50%
44%
—
123
124
noy4
B
39
29
*47%
115%
1
110% 110%
J-D
mortgage 3%s
Baltimore & Ohio RR—
30%
28
j-j
2006
APrague (City of Greater) 7%s—1952
Queensland (State) extl 6s
1947
ARlo de Janeiro (City of) 8s
1948 Y
Stamped pursuant to Plan A
(Int reduced to 2.375%)
2001
Y AExternal sec 6M>s
1953
Stamped pursuant to Plan A
i
{Int reduced to 2% )——,—2012
Rio Grande do Sul
Charlotte
&
123
J-D
1960
1940
Atlantic Refining deb 3s
34%
A-O
1958
1947
''•••Liw-'- v'"y
3
123
*122
...
110% 110%
..1955
Atlantic & Danville Ry 1st 4s
27%
32
*25
133%
25%
19%
16
24%
24
Vi
High
129%
117
123
.
J-D
24%
21%
Low
33
-
1st
Atlantic Coast
Second
40%
.1955
1905
General unified
105%
38%
47
gold 4s of 1909...
Atlanta
Nov
M-N
1995
gold 4s of 1910
Atl Knox & Nor 1st gold 5s
%
98%
Sold
No.
High
131% 132
131%
A-O
1995
4s
Conv
100
105%
*105%
ms
88%
94
v
m-S
'v
•
1995
Conv 4s of
90%
'88
95
94
:
1940
Stamped pursuant to Plan
(Int reduced to 2.25%)
municipal
98%
7
*95
j-j.
j-d
A7s
23
100
99
Conv
Range Since
January 1
Bonds
Friday's
Low
Topeka & Santa Fe—
Adjustment gold
Stamped 4s
101%
1960
1961
Vss assented
sink fund gold 8s
(Int
100 V*
100
A-O
..■
100%
*95
1968
1950
..
103 y4
8
M-S
M-S
A External
A 8s
103
97
1
101% 101%
100
or
Bid & Asked
Sale Price
,
100% 100%
-
Last
Interest
Period
97%
1
101
101
—I
Week's Range
Friday
BONDS
New York Stock Exchange
;
2008
,1959
gold 6s
of)
Bell Teletype—NY 1-310
Telephone—DIgby 4-4933
Atchison
*92%
Y'Y>Y A4Va8 assented
1963
A Porto Alegre (City of) 8s
1961
Stamped pursuant to Plan A
( Int reduced to 2.375%)——..2001
AExternal loan 7%8
——.—-1966
■
120
Jlf-N Y
m-N
J-D
1967
1947
Stabilization loan s f 78—
A 4
118
J-D
A-O
1994
ext to—
(State of)
(Rep
41
*105
F-A
A-O
Jlf-S
1963
loan
a4'/as assented
Y
47%
New York 6
37
38%
120
120
M-N
1965
4y4s
fund
Stamped pursuant to Plan A
(Int reduced to 2.125%)
A Peru
(Rep ol) external 7s
Y:,'ANat loan extl s f 6s 1st ser
A Nat Loan extl s f 6s 2d ser
•
35 y4
45%
37
1956
ref 3%s series B
APernambuco
47%
40
45%
38%
York Stock Exchange
Members New
Broadway
General 4s
of) 4M2s
mod 3 Vis
sec
PFLUGFELDER, BAMPTON & RUST
—
sink fund 4Vaa
1953
extl b I 5s ser A-I90J
Stamped assented 5s
1963
Ext
45%
w
(Rep)
Stamp
22%
61
#
M-S
(City)
A
22%
Y 45%
.
Municipal Bank extl s f 5s___..,.1970
Oslo
17%
*17%
;
Securities
13 Vi
18%
12%
*22%
.
Jtf-Q.
1957
1958
sink fund extl
.APanama
18
16
<
(State)—
5s
sink
External
43
*13%
1958
(Kingdom
Norway
—i-
1952
7s
(City)
f 5s
s
12
*18%
Y J-J
195b
A
Wales
South
External
*10%
t;
\y
Stamped pursuant to Plan A
(Int reduced to 2.125% )—-2008
External
Railroad Reorganization
13
9%
Y
;V
1958 ;Y
ASec external s f 6
New
10%
12%
12%
_
agree
ASec external s f 6MsS
series
18
(State)—
cieraes
A 6s
20
J-J
1913 assent—1933
5, 1942, agree
18%
16
*18%
J-D
Nov.
High
r
1
♦16%
—1945
Low
No.
High
*20
Q-J
Q-J
1942, agree YV
1910
IA Treasury 6s ol
AAssented
5,
Nov.
AAssentlng 4s of
Sold
18%
Low
i
Mexico—(Continued)—
A Mexico (US) extl 5s of 1899 £—1943
AAssentlng 5s of 1899
1943
AAssented to Nov. 5, 1942, agree
AAssentlng 4s Of 1904
1954
Range Since
January 1
Bonds
Friday's
or
Bid & Asked
Sale Price
period
JULY 13
FOR WEEK ENDING
Week's Range
Last
Interest
Stock Exchange r/
New York
'
:
265
CHRONICLE
THE COMMERCIAL & FINANCIAL
Number 4403
162
Volume
/
*88
144% 144%
105
105
105
105
105 Va
*102%
131
85
90
144%
J-J
J-J
12
52%
52%
55%
111
90
145%
1
105
106 Ms
104
107 ya
102%
—
131
140%
109
104%
7
103
618
128%
131
125
1
*131
J-J
A-O
108%
—
48 Ms
44
106%
126
32
59
THE COMMERCIAL & FINANCIAL CHRONICLE
266
Monday, July 16, 1945,
V
NEW YORK BOND RECORD
RANGE FOR WEEK ENDING JULY 13
Period
Sale Price
J-J
1st & ref 4%s series B
'i
--
1977
Bid & Asked
Sold
January 1
No.
Low
Friday's
High
1974
F-A
'
„
104 y2
111%
113 %113 y2
5
■
iie%
106 »/a
A Gen
inc
mtge
J-J
1997
—1985
(conv)
Chicago as Erie 1st gold 6s_
74
;
99%
M-N
73%
99%
a
,
99%
g
993/a
■
22
90 3%
100.
-
99%
78%
78'%
78'/a
1
65 Va
83
132
__
*106
109
84
104
79
AGen
AGen
95
95
95%
23
72
23%
23%
25 y4
18
15'%
26%
26%
1
16 y2
J-J
*107%
.■
—
gold 3Vas series B__Mayl 1989
4V2S series C
May 11989
4V2S series E__
May 11989
43/4S series P
May 11989
98%
J-J
J-J
98%
98%
4s
>•
*
of
deposit—.
32
88
99
.42
95
98%
99
.29
96
96 3%
84%
86%
762
30%
30
3iy2
1,871
nya
A 1st
92%
94
104'/a
457
773%
94
103
>
& ref
98%
8
/
y2
69
1173%
103
/
—
87
86
F-A
J-J
100
M-S
'
178
100%
102
105'/2
6
101'%
102 3%
"
25
100%
101%
1063%
1063/4
104
105%
100'/2 101
>106
—
M-N
•
j-j
-
—
104% 105
1043%
*130
5s series A_____
j-d
21
132
127
___
127
1173%
"5
120'/a
♦100% 101
M-S
75
993%
68'/a
33
-.
78 Ya
.76
106%
105
„
A4s
Gen
90%
1083%
105
Steel
68 %
68%
71%
849
47%
75
75'/a
3
57
77%
104'/a 104%
75
77 y4
252
52'/2
79'%
M-N
26
*99%
j-d
97%
97 Vi
98%
J-D
13 '/2
893
26
;
T'
! \
102
.
95
—
98%
/vvYS
■
98%
91
5
103
104'/a
55'%
20
Union Station—
mtge 3Vis series P
Chicago
94%
1
28
1063%
General
99%
of
J~J
J-J
*52
J-J
113% 113%
V:
67%
5s series C
Gen
mtge
94%
Gen
mtge
3'/«s
92
Gen
mtge
3%s
mtge
3'/2s
M-N
103»%
53
J-J
J "J
101 Ya
101
—
—
119% 123
8
136% 136%
1967
J-J
^
1960
J-J
j'.
/
;
128'%
1373/4
4
121'%
130'/a
27
110%
112'%
106Ya 106%
-r —
3
130% 130%
__
'■
114'%
111% 111%
105
105'/a
"A in3/«
.;V
53
115
91%
65
__
122% 112%
136%
J-J
J-J
/:
54
39 Ya
10
'
101'/a 101%
V"
5
105%
108
104 %
17
102%
105
j-j
109
109%
6
M-S
105% 106
1943
1957
1952
A-O
1966
1967
mtge 2Vis ser G —
Chic ft West Indiana com 4s
1st & ref 4¥48 series D
107% 107%
104
F-A >
*105%
J-D
*107% 110
{§AChilds Co deb 5s
§ ADebenture 5s
{AChoctaw Ok &
j-j
1963
—.1963
1952
Gulf cons 5s
104
j-j
10
107
% 90%
•;
90%
6
100% 100%
102
M-N
105'%
8
*100% 101%
100%
A-O
;. 108
76
15
102
111
Cincinnati Gas & Elec 3y4S
mtge 3Vis—
1st
Union Terminal—
3%s series E
2%s ser G—~
Cleve Cin Chic & St Louis Ry—
General gold 4s
..
'106%
.
Cincinnati
1st
,
Greyhound
1063%
General 5s series B
series E
Div 1st 4s
St L Div 1st coll tr gold 4s
Cleveland Elec Ilium 3s—
Cleveland & Pittsburgh RR—
Series C 3Vis gtd
Series D 3Vis gtd
Cleve Short Line 1st gtd 4Vis
Cleve Union Term gtd 5Vis
1st s f 5s series B gtd
1st s f 4Vis series C—
Colorado & Southern Ry.—
4Vis (stamped modified)
Columbia Gas & Elec deb 5s
Ref & impt 4Vis
Cin Wab ft M
:
Debenture 5s—
J-D
1993
1993
1977
1991
1990
1970
10
105
106'%
1033%
107
106
107
J-j
102%
Gulf
109
107
112%
107%
96%
91%
107
83
126
80
9
107
30
108
107
1093/a
107 y4 107%
11
1053%
107 y8 107%Y
46
104 Ya
*958
*wA»77
1951
Conn River Power s f 3%s A
1961
Consolidated Edison of New York—
3 Vis debentures
1948
3 Vis debentures
i
1950
3 Vis debentures
i
1958
Consolidated Oil conv deb 3 Vis—1951
{AConsol Ry non-conv deb 4s
1954
ADebenture 4s
1955
1067%
106% 107%
68
102%
100
74%
1965
1970
1968
1969
1955
mtge 3Vis
1st
mtge 3Vis
1st
—
3 Vis
1st mtge
f debs—
lACuba Northern Ry 1st 5Vis
A Deposit
receipts
A Cuba RR 1st 5s gold--
Crucible Steel 3 Vis s
:;//4 •/
103
*110%'::i—
»ii4y8
iy.i
109 y4
',
receipts
A7 Vis series A extended to
ADeposit receipts
A 6s series B extended to
64
116
107 y4
107 y4 107 7/a
54
105%
—
111%
Hudson
1st
Gas
Co
Hudson &
f 5s series A
s
1st
gold 5s
Manhattan
;„ V:^
F-A
106 ;
103
103
5
106
Lack
&
9
102%
102
102%
24
104% 104%
102%
(
102
105%
107%
16
103
,
&
ref
Income
Delaware
5s ser
M
73
73
1
57
74%
J-J
74'%
74'/a
2
; 58 s%
75%
*71 y4
73%
J-D
__
J-J
—
f
57
—
74
M-N
:
M-N
105%
2
104 ya
mtge
Power
—
J-D
1
V.
6
107
3s
105% 106%
18
105%
56%
3
48'/a
103%
563%
47
17
47
503%
82%
82'%-.
1
80
85%
47
47
7
47
46%
47%
102
A-O
69
66
46%
52
71%
71%
47%
46%
50%
102 '/a
101
1033%
lines
*104
J-D
107%
1063%
96
115
—■
87%
115 Ya
104%
27
102%
331
144%
103
72%
64'% ' 80
45
1981
J-J
J-J
*105
103
105" *
J-J
*101%
103
103%
A-O
*101'%
-
trust gold
■
200
•
98
-104
M-S
1951
/
//
1952
4s
/
I960
98%
Div
1st
v
Joint Lst
Ind HI ft Iowa 1st
i
t
1951
J-J
1951
-
-
J-J
-
-
-
M-S
♦
-
■
105%
103'/a
81%
100'%
-
1—1950
*
-
135
94%
224
92 ->
76%-
15
-73y2
105%
—
95%
*94
95%
92
106%
75
973%
.*111 —i_./.
'
'107
107-107
>
Ys
j-j
r
j-j
85 y«
-
•
r;.*
87
76
50%
50%
.
106%
52
126
82
87
A-O
.
983/a
91%
•105%
J-J
-
—1956
gold 5s-series C_—
99%
J-J
-
•
A 1st
.i-
91%
A-O
Adjustment 6s series A—JUly 1952
96
100
/ 97 /.
94'/a
- r
{International Great Northefn RR—
A 1st 6s" series A
s
.———1952
98
89
104%
•103
'
J-J
gold
JAInternat Hydro El deb
■
97% ;96%
J-D
J-D
/
;
5
*1047/a 105%
J-D
1963
•
99
-
*^-1963
1st mtge 3s series F__1961
82%
*96%
„
—
-
83'%
96
98%
F-A
,
11
98
*95%
983%
.
l-t.1951
-
96
*96
-i'
:
A" 1st 5s series. B
107'%
103
100% 101
100%
.
..—1950
lAlnd ft Louisville 1st gtd 4s„—_1950
Indianapolis Union Ry 3%s ser BJ1986
A
.97%
74
95%
J-J
Inland Steel
•
943%
110
lOO'/a
J-J
^.'-1963
84
46
92 3%
91%
92%
F-A
—
31
106% 1067%
106 Va
99 Ya
99 3%
99
>
ref hs seriesiA—
/ 84%
*100%
-
1st ref; mtge :4s ser D—L-
23
103
105 Ya
-
/ 1
88 Ya
100
-
;
89%
♦105%
[—1951
/HI Cent' And Chic St L ft N &*.
97
75
75
20
45-
J-D
3s——1951
gold 3s
Western Lines 1st gold 4s*
Registered
99
1023%
105%
J-J
-
-
1 -<_1951
gold 3%s_l953
8t. Louis Div.ft Term gold
Gold 3%s
98
96%
m-n
F-A
—1950
98%
101
M-N
1953
76
98%
98%
102%
J-J
—1955
-
*74
A-O
M-N
83'%"
•
82
82
33
62 Ya
107 3%
89 Ya
28%
r
1
54 Ya
58%
85
58%
84Ya
•
1944
6s*
A-O
; 5
Internat-Paper.'5s series A ft Bi—1947
Ret sink fund 6s series A-
r-Infc Rys Cent Amer 1st 5s B_
—1955
!
v
1972
gold 4%s
1952
—1955
;
M-S
V
340
11
81%
108% 109
109
M-N
' -
«
85%
104 Ya 105%
85%
J-J
*102Ya
•743%
88
104
2
105%
1063%
102
—
111%
/ 102%
101'%
lOOYa 101'%
168
95%
102%"
F-A
•>
J-J
104 3%
104'/2 105
167
99
105
99
21
107%
107% 108'%
104%
108 3%
J
108%
:
James Frankl
Jones
M-N
M-N
_1973
103% 103%
A-O
73
73
1
75
8
107% 108
8
99%
57%
106
&
ft Clear 1st 4s
1959
Laughlln Steel 3y4s
-1961
J-D
70%
71%
*70'%
70%
J-J
783%
34
59%
75
61
76%
F-A
18
17%
18%
51
5%
15'/a
16'%
208
5'/a
19
69
54'/2
71%
A-O
108'% 108%
3
106'%
1083%
107'% 107'%
1
107%,
109%
1970
Detroit & Mackinac 1st lien gold 4s 1995
ASecond gold 4s
1995
Detroit Term & Tunnel 4Vis
19el
Dow Chemical deb 2 Vis
1950
Dul Miss & Iron Range Ry 3Vis—1962
{§ ADul Sou Shore & Atl gold 5s-—1937
Duquesne Light 1st M 3 Vis—1961
J-D
107% 107%
6
106
109
ref 3s series H
107%
J-D
68
*55
J-D
33%
70
58%
48
~2
33%
28
Kansas City
113%
113
113%
8
110%
114
103'%
103'% 103%
14
102%
103%
106
109%
106
J-J
69%
106%
7
ACertificates
70
11
45
70%
J-J
106
105 '/a 106
26
105
99
104%
103
1.19%
119'% 119%
ii6y8
319%
158'% 158'%
151
158%
-
'
*
1st 3s
1950
•
r;
Kansas
City Terminal Ry 23/4s_—1974
Kentucky Central gold 4s
—1987
Stamped
Plain
4'/2s
—
-
unguaranteed—
Kings County El L & P 6s—
Koppers Co 1st mtge 3s_
{AKreuger ft Toll 5s ctfs
•
105%
,
1936 -'M A-O
!
deposit-;
Kentucky & Ind Term 4'/2s
*107%
A-O
.
1961
_1961
-1961
j-j
-
./;•
92%
81%
927/8
47
93
91%
102
—
101 Ya
A-O
A-O
J-J
91%
71
80%
91'/2
lOlYa 102
'
*
/—
—
*120%
—
*753%
85
118%
68
j-j
*1093/a
ll85/a
79
101
109
102
*105'/a
__
106%
104
106'% 106%
J-J
102
-1961
J-J
^1997
A-O
183% 183%
1
173%
183%
1964
A-O
M-S
104% 104%
22
102 %
105 Va
12
4%
105 Ya
110%
1023%
108
-1959
63%
6 %
6 3%
8
108%
M-N
of
Kansas City Southern Ry
35 Ya
M-N
Fort Scott & Mem Ry—
{ARefunding gtd 4s
56
M-S
A-O
883%
1023%
K
Kanawha ft Mich 1st gtd gold 48—1990
21
153%
68%
98
*1027/a 103%
78%
109
1
J-J
98%
V 1 ;
j-j
105
M-S
■1
139%
8
68
30%
3'/2s
/.Debentures 5s
*107'% 107%
J-J
A-O
Gen &
/>/ 5
56
BpringCield Div 1st gold 3%s
i
68
46%
683%
1078
1965
P—
■:
41%
1955
Louisville Div ft Term
^
mtge 3 Vis series G—1966
Edison 4s series
85%
40'/a
—1952
43%s
Cairo Bridge gold 4s
v
513%
F-A
ARef & impt 5s series B
Gen & rel
103
85
*115%
'
61%
47%
*67
Assdntcd
Detroit
103
40'%
'.Litchfield Div 1st gold 3s
110%
1023%
56%
108%
108%
—
*103% 107
*67
1936
1936
{Denver & Rio Grande Western RR—
AGeneral s f 5s
1955
A
143% 143%
:
A-O
trust gold 4s
Collateral
'
108 Va
47
J-j
A.1993
due
& Light
Grande RR—
8 A 1st consol 4s
§ AConsol gold 4Vis__
V ''
85
75
40-year
106'%
*107%
M -N:
104% 104%
107'% 107'%
104%
M-N..
J-D
1973
{Denver & Rio
Mw,
73%
Refunding 4s
1st ft ref 4%s series C
Co—
C
98%
110
.1951
Purchased
105 Va
J-J
J-J
Y, Lack & Western div
1st
.*
73%
1951
Collateral
:£;■
105'/8
'
N
108%
M-N
1951
Omaha
106% 107%
A-O
M-N
,
98%
F-A
Extended 1st gold 3y2s
1st gold 3s sterling
.
„
----
RR
.
Lake Sh ft Mich Sou gold 3%s
jiast Tenn Va ft Ga Div 1st 5s—1950
Ed El 111 (NY) 1st cons gold 5s
1995
For
footnotes
see
page
,
J-J
i
104
1957
1st gold 4s
103%
6
J-D
4s extended—-1963
West
:
101
Illinois Central RR—
107Ya
•
106
A-O
W-
D
Delaware,
*98
M-N
.-1949
5s A
Illinois Bell Telep 2%s series A
Int Telep & Teleg deb
Delaware & Hudson
91
,98
'
Feb 1957
1st
AAdJ Income 5s
112%
*112%
__
1940
Dayton P & L 1st mtge 3s
1970
Dayton Union Ry 3 Vis series J3—1SC5
J-J
''''"
1083%
1946
1960
M 5s
/
126%
—
receipts
3s deb
ADeposit
105
Island RR—
ref Term
Refunding 5s.
124% 125%
;
Curtis Publishing Co
23
J-D
114
124%
j-J
,
25
102% 1023%
1962
110%
114
—
F-A
_
ADeposit
108%
J-J
1952
100% 101
102%
M-N
<
1942
1003%
A-O
J-J
106%
108
—
M-S
J-D
J-J
1969
1999
105'%
103 5%
25
105% 106
*107%
F-A
v
106
1st gold 3%s
82%
104 >/2 105 y4
105%
Power Co—
mtge 3 Vis
1st
101%
1937
86%
81%
82
J-J
.
7
1952
107'%
M-N
1950
4s
ADebenture
Consumers
'
Hudson Coal
107%
A-O
3Vis———j
1st mtge 3s series L—
Conn Ry ft L 1st ft ref 4Vis
105
H
1083%
107 y4
M-N
debs
J-J
112%
107%
_
Conv
1975
107
~6
—
112% 112%
A-O
extl gold 4s—1948
Columbus & Sou Ohio El 3!/4S——1970
Columbus & Tol 1st extl 4s——1953
Commonwealth Edison Co—
•
1043%
.—1969
109%
A-O
Columbus & H V 1st
102 3%
{§AHousatonic Ry cons gold 5s
106
A-O
1961
3
stpd_
.
—
102 3/a 102 3/a
*107 %
F-A
A-O
1980
1952
18 Ya
A-O
Hocking Valley Ry 1st 4%s
96Ya
913%
101%
'—
„
M-N
1948
1950
1981
1972
1973
19 »7
84
13%
104%
5
111%
74
1123%
102
*105%
J-J
108
.
9
,1959
16%
1083%
111%
94%
90
16%
2015
debs—
inc 5s series A
& Ship
ft
mm
—
Feb
16%
Gulf States Utll 3%s series D
109
15
—,
89
96
J-J
M-N
107% 108
>78%
Feb
—
;
1st & ref 3%s series D
*121 Vi
j-d
deb ctfs A
B
Corp' 3s
Gen mtge
103%
112% 112%
103%
F-A
ctfs
Gulf Mobile & Ohio ,4s series B—
103
102% 103%
*112%
F-A
1969
1974
mtge gtd
1st mtge
108
'
^Debentures
1st
105%
107%,
J-J
1980
M
ser
AGreen Bay & West
73
105 Ya
89'/a
,
'C
*102%
—
.—1970
L__
ser
:
:
1977
K
ser
1013%
J-D
,1973
33/4s series 1—
67%
12
*112
-1976
-
23
40
53
,1934
68%
105'/a
105
:
1
General 4y2s series E_
83
■
,1949
Oct 1 1945
deposit
83»/a
49
91%
887/a
M-S
General 4'/2s series D
99'/a
100
:_1962
—
1st
80
J-D
,1969
.*
of
Gen
91%
91
*„..
'
M-S
Certificates of deposit
M-N
Goodrich (B F) Co. 1st mtge 23%s_1965
Grays Point Term 1st gtd 5s
—-1947
Great Northern Ry Co—
General 5y2s series B_
1952
743/a
75%
—
debs
Castings 5'/2s
& Ala Ry 5s__
Certificates
A-O
24
inc
deposit™—
{§ AGa Caro & Nor 1st ext 6s
M-S
*106%
1950
-1949
Realty *& Utilities Corp—
conv
Certificates
,
j-d
1st
128 y2
76
'
-
132
102
74%
75
- -
-
-
Gas ft Elec of Berg Co cons 5s
103%
803%
J-J
Dec 11960
V
99%
{AGeorgia
J-D
guaranteed 5s
98% 100'/2
'101% 101%
--
-—1959 - 1
1974 ,L-fc
A Certificates of
deposit
Francisco Sugar coll trust 6s
33'%
93%
1951
Southeastern 1st 5s—1960
A
88
.
■:
119%
83%
J-J
Memphis Div 1st gold 4s—
115
103 y»
1173%
98%
98%
98%
J-J
1934
1952
1960
1951
1
116 '/a
106'/2
100
•
98%
98 V2
Chicago St L & New Orleans 5s
Gold
3Vis—
——il951
Income
111
97%
98%
A-O
-1988
|ARefunding gold 4s
{ A Secured 4 Vis series A—j
AConv gold 4Vis
Chic T H &
114'/a
General
——
A Certificates
92 3%
80
F-A
.
AGeneral
1st-mtge 3Visw--i~—1971
1
;• 1"
»1047%
--
-J-J
'
J-J
—
- -
100%
'
106'/2
:X/2
■
.
.
J-J
income 4Vis
conv
'
- ■
'
115
101'/a 101'/a
—
J-J
/
*
31%
J-J
.1999
..—-1989
{{AChicago Railways 1st 5s stpd
25% part paid
1927
{Chicago Rock Island ft Pacific Ry—
mtge
115
A-O
•• -
1st cons mtge-3%s ser
F--_—--)L990
1st-cons mtge 3'/a s ser Gi
2000
.Firestone Tire ft Rub 3s deb
^__1961
{AFiorida Cent & Peninsular 5s_—1943
.Certificates of deposit.
293%
108
105
—
Paul—
May 11989
mtge 3s ser B
.J2015
,1964
107
116'% 116%
' *
V
ser
105%
,
J-J
^
{Florida East Coast 1st 4 %s^
Chicago & North Western Ry—
1st
mtge*3Vis
-^
High
103%
*105'% 106%
•
V.: A-O
-
1962
*■
•
t
A-O
f '
1065
Low
102%
97i/a
J-J
M-N
J-J
{Chic Milw St Paul & Pac RR—
AMtge gold 5s series A
1975
AConv adjustment 5s
Jan 1 2000
2nd
1965
High
102'% 102'%
„
M-S
Range Since
January 1
Sold
No,
1047/a
'
AGen
,-,1970' •
mtge inc-4%s series Acons
J-D
Bonds
Bid & Asked
Low
—_—
-
Sale Price
110
*100
Period *
__1950
Ohio Div
6s series B
May 1968
Chicago Ind & 6ou 50-year 4s——1958
AGen
1st
'
J-J
& gen
{Chicago Milwaukee & St
A Gen 4s series A
Gen
•
99 Ya
*138%
J-J
1966
5s series A
gen
99%
140;
99%
J-J
Ind & Louisville Ry—
ARefunding 6s ser A
1947
A Refunding
gold 5s series B—1947
ARefunding 4s series C—.—1947
&
.Erie Railroad Co—
Week's Range
or Friday's
.
-
.El Paso & S W 1st 5$
5s stamped..-
"
76%
60
225
76
{Chicago
A 1st
'
Elgin Joliet & East Ry 3'%s_
115%
J-J
M-N
198*
A—1988
2038
Chicago Gt West 1st 4s series
A Gen inc mtge 4YaS
A 1st
/'■'/
v4
Empire Gas & Fuel 3%s
mtge 3%s ser B
1st
.
/
115%
104%
58;/
104 y2104%
Chicago & Eastern III RR—
-
D6Friday
>
Interest
Last
New York Stock Exchange v
I
High
2»
1131/2 ii3y2
113%
F-A
1st & ref mtge
3%s
Range Since
or
Elec Auto-Lite 2%s debs__
Chicago Burlington ft Quincy RR—
General 4s
—-—1958
;
Last
Bonds
Low
Interest
Slock Exchange
B0N
■v
Week's Range
Friday
BONDS
"New York
268.
\*y, "
^Ji5/'"'r
h
3%s registered—
.1997
j-d
*109% 1093/4
—.1997
j-d
107% 107%
1
-1975
Dec
56%
13
>
Lautaro Nitrate Co Ltd—
A 1st
mtge Income reg
56
50
61
CHRONICLE
THE COMMERCIAL & FINANCIAL
Number 4403
.Volume 162
NEW YORK BOND RECORD
RANGE FOR
BONDS
Interest
Last
Period
Stock Exchange
York
New
Sale Price
'1106%
Friday's
or
Leingh Valley Coal Co—
1st & ref sink fund 5s
stamped
"85
F-A
Lenigh Valley N Y 4'Ae ext
RR—
modified
4s registered
4'As stamped modified
stamped modified
9
87%
90
92 Vi
80 '/a
64 Vi
50
61V2
62
47
69 >/2
7iy2
55 y2
761/2
109'/4
:
—
II
"107%
M-S
107
105'A
108
107 i/a
119
120
73
70
70'A
56
70
71 ¥a
56%
75
deb
4s
1955
J-J
71%
73
57%
77
4s
..,..1950
Af-N
72 ¥a
73
57
77
105
1031/2
103
105¥4
M-S
105% 106'/a
105 ¥a
A-O
105% 105%
105 ¥s
107 ¥4
A-O
1091/4 110'/4
107%
IU1/4
1960
J- J
1051/e 1051/2
104'/2
1950
J-J
70'/a
71%
56'/a
74%
1948
J-J
76%
76'A
78¥4
63'A
82%
1940
A-O
88 ¥4
88%
89
84%
4s...
1957
M-N
41
39%
42'A
25
45 ¥a
1st & ref 41/2S series of 1927
1967
J-D
75 ¥4
75%
78
61
81 ¥4
101%
A
*1021/2 104
100
102'A
M-S
*100%
M-N
*116'%
IOU/4 1011/4
114% 116%
1980
1945
1958
MS
Div 2d gold 3s
Mob & Montg 1st gold 4'As
Atl Knox & Cine Div 4s
w
—
1st
4s
107
N Y
Mtcmgan Central—
1
Jack Lans & Sag 3Vis
M-N
"60
80'/4
'■
1061/e
991/8
24%
161/4
105¥a
107 '/a
22
107 ¥4
105
111%
A-O
104
104%
109% 109'A
*88'A 89%
98%
& Northern 1st ext 4Vis__1939
J-D
107
—1939
J-D
1005/a 100%
i§AMilw
§ Con sol ext 4 Vis
.
104%
A
•
J-j
75%
75'A
75%
52 ye
80
1937
F-A
48
47
48
26
48
1940
F-A
31%
32 ¥a
11%
1937
5s
-
1943
Af-N
J-J
106¥s 106 ¥a
1946
J-J
i960
M-S
*__
1955
A-O
107 ¥a 108
A
1998
J-J
& Bost
1st 4yas
■-
series
Gen & ref 4%s series A
1974
Northern Pacific Ry prior lien 4s__1997
4s registered
;
1997
ms
ry & Id "gold 3sT
registered.
ms
109 ¥4
107
108%
Ref & impt 5s series C__
Ref & impt 5s series D
89% 102
21
70%
10
133%
...
87 ¥4
118'/a 118%
108
25
114% 114%
Q-F
1
87 ¥4
7
89
89%
0
Q-A
84
84
2047
J-J
108
108
J-J
110%
..2047
J-J
v;
72% ; 89%
J-J
; Y
llO'/a
110
.1967
1974
F-A
105
71
87
109
521
99%
110%
80.
93 ¥e
110'A
89
93'A
110%
110% A 109% 110'A
2047
104% 105
.
114'A
25
109 7/8 110%
Power Co—,
128
¥4 119 ¥4
106%
123
2047
i
136
124
■
*127%
136 ¥4
136
136
*138
118%
75
47
55
136%
67%
.
■
Q-J
Q-J
Jan 2047
A
6s series B
(Minn)
1st & ref mtge 3%3
1st mtge 2%s_._
(Wise) 1st mtge 3Vis
•
75
;
$$$■&?>
104%
2
97'A
,
F-A
1964
104%
m-s
84%
109
/
110 '/a
89 ¥4
104'A
6
107
102
104%
107%
f04'/a
104 vb
*107%
tOgdensburg & Lake Champlaln Ry—
A 1st guaranteed 4s
1948
Ohio
Edison
1st
91%
1st
110
98
106
73Vi
721%
74 »/8
71
90%
92
77%
100%
100¥a
♦ 102
¥a 102%
102'A
103%
*103¥a 104'/a
163%
105'/4
5s
1946
103% 103'A
103%
105 s/8
105'/a 106
104 ¥a
106 %
Electric 2¥4s____1975
Gas &
1st
cons
cons
93 ¥4
82
101
81
91
106 »/2
100%
28
1946
Oregon RR & Nav con gold 4s
99 3A
103%
100 5/a 101
1946
Oklahoma
99
30%
104 ¥ft 105%
100¥4
gold 5s
116%
Line
20%
105
1975
120
Short
28%
1974
mtge 3s__,_
2%s
mtge.
Guaranteed stpd
inc ser A__.____1971
inc ser A
_._1991
Mo Kansas & Texas 1st 4s
1990
44
108
107 7/a
.2047
Ref & impt 4%s series
States
98
110
25i/a
41'A
10l¥e 102
67%
Ref & impt
106
Ry Co—
mtge .4y2s
136%
Ore
98
4 Vis
mtge 4s
37'A
38
32 ¥a
93¥a
*96 % 102
1967
Telephone 3'As series B
a-o
Marie—
St Paul & Sault Ste
inge
~
107
108
105% 107%
gold
102
2
45
J-J
106
•-
.
89
O
102
107'/a 107 y8
*1007/a
__
74 ¥4
86'A
106
30'A
251/2
23!/a '24%
Af-N
101 ¥4
106
A-O
102 y8
*101 i/e 102
F-A
lOl'A
-105% 105 ¥«
J-J
..2014
105 ¥a
102%
1051/2 105%
M-N
A-O
17%
y4101'A
857/s
86
Norfolk & Western Ry 1st gold 4s_1996
North Central gen & ref 5s
1974
901/4
104
4%
4'As._
gold
Northern
"105% 106%
A-O
17'/4
AGen mtge 5s conv Inc
92i/«
__
M-N
.1963
1087/a
107'/4
13 ¥4
101
101'/4
A-O
1965
1st 3%s_..
Norfolk Southern
101 ¥1
*92
M-N
Af-S
1993
Niagara Falls Power 3Vis
Niag Lock & Ont Pow 1st 5s A
82%
75
87
99
M-S
Af-S
AGen
gtd 4s
ATerminal 1st gold 5s
N Y
1st
100'/a
*iooyB 101%
Michigan Cons Gas 1st mtge 3Vis_1969
AMidland of N J 1st ext 5s.
1940
A 1st
1st cons
*§AN Y Susq & W 1st ref 5s..
fiA2d
13%
26%
13¥a
24%
j.jj
Light 1st mtge 2¥4S_1975
N Y & Putnam
3s
M-S
Minn
&
Gen lien
J-D
1951
1952
1979
gold 3Vis
Ref & impt 4Vis series C
1st
A
Power
M-S
1955
24%
Af-N
1992
4s___
t§AN Y West
681/2
81
80
80%
93 ¥»
*108'% 108 7/a
1954
JAN Y Out & West ref gold 4s
M
J-Z)
Maine Central RR '4Vis ser A—1960
1st mtge & coll 4s ser B
1954
Mauati Sugar 4s sink lund__Feb 11957
AManila Eleu RR & Lt s f 5s
1953
AManila RR (Southern Lines) 4s
1959
McUrory Stores deb 3'A
.1955
Metropolitan Edison 1st mtge 27/eS.1974
Metrop Wat Sew & Drain 5 Vis
1950
*§AMet West Side El (Chic) 4S..1938
6s
t A Harlem River & Port Chester—
102'/a
St Louis
trust
ADebenture
107
101% 101%
105'/8
74 ¥4
6s
105 Vi
103% 105
F-A
72
certificates 3%s
deb
J A General
A-O
—..1946
Af-S
AConv
120
J-J
series B ext
Paducah &. Mem Div 4s
76%
58'/a
72
Af-S
N Y Steam Corp
106%
107% 107 >/2
120
107
A-O
N Y Queens El Lt & Pow 3yas
2003
2003
E
'1st & ref M 3¥as series P..
& ref 3%s series
Unit mtge 4s
116
106%
MS
F-A
.
Nashville RR—
Louisville &
1st
♦115'/s
121
106¥s
119 Vi
132 Vi
119'/2
15
M-S
Loriilard (P) Co deb 5s
931/2
1271/4
__
119 '/2 120
M-N
1949
1949
1949
1951
3s debentures
1963
Louisiana & Ark 1st 5s series A—1969
Louisville Gas & Elec 3 Vis—
.1966
stamped
4s
"1321%
A-0
Liggett & Myers Tobacco 5s—.—1951
Miami gen 4s series A___—1962
Li'tie
Island unified 4s
Guaranteed rtf gold 4s.,,
88
A-O
1965
Long
90
A-O
5s_195l
*98Vi 103%
1947
AGeneral
Lehigh Valley Terminal Ry ext
Lex & Eastern 1st 50-yr 5s gtd
96 vi
94%
„—,.,1954
661/2
69%
79
Af-N
,::v.'v
3.%s
711/2
36
1
§ACollateral
61Vi
M-N
100
,1973
84%
91 ¥4
—
ADebenture
59%
66%
64 Vi
M-N
115
Af-N
3%s
64%
59 Vi
J-J
1973
deb
69%
'
2043
110¥4
ANon-oonv
91
45 y4
Vi
116
115
ANon-conv,: deb
47
59
116 ¥4
116
115
,i.
'
64V2
621/4
63 >/a
M-N
108 ¥4
—
115
115
4s series A
West
♦116
Af-N
Range Since
January 1
Low
High
Sold
No.
J-J
2043
series B
Lack &
Y
961/4
87
2000
Bonds
ANon-conv. deb
95
90%
gold 3Vis
$N Y New Haven & Hartford RR—
ANon-conv deb 4s—
.1947
90
87 %
& Harlem
Y
4%s series B
951/2
871/4
74 •'
93
Sale Price
ANon-conv
93
89%
*
2003
,
100%
100 7%
Last
Period
Mtge 4s series A
N
88</a
99
93
2003
—2003
2003
2003
registered
4'As
5s
98
26
"93%
F-A
1974
1954
—1950
Lehigh Valley
4s
stamped
V:
N
Mtge 4s
100
92
"95y8
1974
Val Harbor Term gtd 5s
Leh
99 Vi 100
1964
j
stamped
5s
100¥»
"95 Vi
sink fund 5s
& ref
1st
106
99 ¥4
••_.
F-A
1964
& ref sink fund 5s—
5s
High
Interest
'
106%
"99% 100
—1954
——1954
stamped..,.
5s
1st
Low
104 ¥4
104
IHah
106
106
Lehigh & New Eng RR 4s A—
Week's Rang*
or Friday's
Bid & Asked
Low
High
Friday
BONDS
106'% 106 '/a
1954
196b
Lehigh & N Y 1st gtd gold 4s_—,.1945
f 4%s A
s
IS
New York Stock ExohanfC
Range Since
January 1
Bid & Asked
Low
Coar& Nav
Lehigh
WEEK ENDING JULY
Week's Range
Friday
Oregon-Washington RR 3s ser A..1960
Missouri-Kansas-Texas RR—
adjust
ACum
91%
92¥a
48
82
82
84
12
84
84
86'A
17
Jan 1967
100
99
100%;
46
64%
112
92%
142
72%
95
33
59 ¥a
73
95'A
72%
95%
14 ¥4
43%
35
72%
95%
Paducah & 111
236
72%
95'A
Panhandle East F L 3s B.^.
70'A
A:
A
74%
^Missouri Pacific RR Co—
ref
&
A 1st
AConv
5s
series
& ref gold 5s
52%
55 %
443
573
Af-S
92
89 ¥4
92%
M-N
91%
90
92 'A
58
...1949
1980
....1981
gold 5Vis
A 1st
52%
1978
Af-N
37%
37%
39'A
391
A-O
92
90%
92
F-A
91%
89%
92%
G.
A 1st
897/a
Af-S
5s series A
1st & ref
91%
F-A
1965
a General
4s_i..«;
"
——...—1979
A 1st & ref 5s series F
1977
a
88
V;
Co 1st
Pacific Coast
gold
5s
& ref 5s series I—
series H
"
>
89%
1940
J-D
1960
1970
J-D
-1st & ref mtge 3s series J
D
series
5s
91%
1962
....1978
—...—1962
5s series A
Prior lien
40-year 4s series B
Prior lien 4 Vis series
-"
J-D
•1st & ref M 3s series K
1971
J-D
series L
1974
J-D
3s series M
.^...1979
Pacific
Gas
Electric
&
1st & ref mtge
1
1st
&
ref
1st &
3s
M
ref M
1st
s
791/2
92%
1991
M-S
*—
Monongahela
1966
F-A
106 Vi 106 %
gold 4s
3Vis series B
Ry
106
91%
107
1960
A-O
107
107%
106 ¥4
108s/s
1965
Moutana Power 1st & ref 3Vis
1966
Montreal Tramways 5s ext....—1951
Morrell (John) & Co 3s debs
1958
Morris & Essex 1st gtd 3 Vis
2000
Constr M 5s series A
1955
Constr M 4 Vis series B_.
1955
Mountain States T 81 T 3 Vis
1968
Mutual Fuel Gas 1st gtd 5s
1947
A-O
lll'A lll'A
lll'A
113%
J-D
*105:1/2 105 7/a
104 ¥4
1061/2
J-J
*100'/4 101'A
mtge 4 Vis
1st
debentures..
6s
M-N
96
IOI1/2
1021%
103
731/2
74
62%
77
M-N
81
831/2
691/4
86%
64 ¥4
76%
74
*
J-D
108
79 ¥4
1051/2
7/8
109%
109
105 Vi 106
M-N
' '
_■
.
7.
110
109
J-D
110%
1960
f gold 4'/2s
M-N
J-J
..1952
Af-N
1st & ref 4%s series
1st
ref
&
3%s
Penna Power &
4'As
125'A
A-O
106
106
mtge 3'As ser F
1985
j-j
106
J-J;>:••%!
N
J
1952
New
113%
Af-N
>
125
*107 ¥4
j-j
j-j
gtd 4s
1953
•1
104 »A,
Peoria &
95
102'A
Pere
15
?•:•:■
13
99 ¥1
13
113%
1
123 ¥4
107
126
108
104%
14
106'A
104'/a
107'A
108%
104 V2
II rl
100%
107%
•
—
105 ¥4 105%
•■A.
Eastern 4s
&
AIncome
107%
:;
82
95%
95
95%
93%
93%
93%
A 1st
series
5s
.1954
B
A-O
41
"
A Certificates
A 1st
A
5s
of
A
of
4Vis
5Vis
of
series
ACertificates
N
Y
Central
4s
93%
Il950
A-O
1998
F-A
92'A
98
99
33
99
99
-
93 ¥a
97%
93
81
5
92 ¥a
96
80
"
32
141
91 ¥a
—
98%
80
16
*r Xa'
F-A
1954
2 A.
95
'/?V
>
95
deposit
A
of
RR
F-A
deposit
D
series
Certificates
A 1st
-1958
C
series
Certificates
A 1st
deposit
77
81
ACertiflcates
86
80
9
82
70
77
A-O
1935
98%
deposit
series
A
;
93 ¥a
Ref
&
impt 4Vis series A
2013
A-O
92'A
91s/a
93%
&
impt 5s series C
2013
A-O
97
96
97 ¥4
j-j
106
1067/a
1997
j-j
83%
101%
83
99
82¥a
94%
78'A
202
1997
*.'
308
Kef
Cent
Y
3 Vis
Hud
&
River
3Vis
registered
Lake Shore
3 Vis
coll
gold 3Vis
...1998
registered
coll gold 3Vis
New
*103
.
,
94%
87
99'A
F-A
94%
94%
97%
General
5s
mtge
3¥4s series
3>As ser E
*88'/8
91 ¥2
92
f-a
j-j
Vv'
*86
'
General
gold
1980
N
Y
Y
Dock
1st
lien
...1965
Connecting RR 3Vis A
N
1st
ref
3 Vis
series
a-o
a.1
gold 4s
N Y Edison 3Vis series D_
&
J-D
1951
8
88%
__
&
footnotes
see
page
F-A
and
Philadelphia
•
AGen
118s/a
126%
28
103 ¥4
106'A
50
102 ¥4
106%
107%
109%
__
'-A'
89%
89'A
91
62
62
64%
1974
ms
1952
*106'/a
F-A
J-D
*
-
21
78%
21
49'A
126%
106'A
—
91%
99
100%
*103¥a 105
105
106%
*137
100
131'/a
138
100
^100%
3s
J-J
131% 131%
128%
131%
J-J
107'/a 107%
105 7/a
108'/4
*103 ¥8 104'/a
102%
104%
M-N
103
103 ¥a
101%
104%
M-N
102 ¥8 103
101%
104'/a
J-D
f§APhilippine Ry 1st
of
ACertificates
s
cons
cons
*106
*106% 107
1937
4'As_
1963
4y2S__1964
5s series A
Gen mtge 5s series B
1970
t
J-J
F-A
15%
30'
24
24
15%
27
F-A
J-D
*113
Af-N
*116%
F-A
II
*114
134
109
Pitts Steel
1st
106¥a
101 %
102
109
100%
1047/8
31
i04
107%
1
106%
109
1
112
113%
9
109
110¥a
112
268.
US';
Pitts & W V*
Pitts Young
1st 4'As
■aPittston
123
—
126%
127
127
124%
127'
133
128%
134
134
series D
5% inc deb
134,
129% 136 1
105
109
101%
108% 109
*103%
104%
104
106 >/4
103%
106%
J-D
105 ¥4
J-D
104% 104 ¥8
1958
j-D
97
98
84%
1959
A-O
96'A
97
84%
99%
84'A
99%
....I960
& Ash 1st 4s ser A
Co
114
1950
1st 4'As series A.:
1st gen 58 series B_.
1st gen 5s series C
113 %
114
1950
mtge 4y2s
1st mtge 4'As series B
1st mtge 4% s series C
107
113%~ 114%
133
127
J-D
M-N
102
113'/4
*126
F-A
Af-N
—
103%
101'A
102'/a 102 ¥a
*101
101'A
106%
102'/a
Af-N
A-O
91
!
27'/a
A-O
81%
107
27
1975
Pittsb Coke & Chem
Gen
104%
106
27
mtge 3¥aS ser E._
1975
1st mtge 3'As_1964
95
203% 290
24
f 4s
guaranteed
83
104'A
Af-N
Af-S
deposit
Phillips Petroleum 2¥4s debs
1964
Pittsburgh Cine Chi & St Louis—
Series D 4s guaranteed...
1945
Series E 3'As gtd gold
..1949
SerDs F 4s guaranteed gold..
1953
•Series G 4s guaranteed
1957
Series H cons guaranteed 4s
1960
J
272% 287
—
1963
debentures
94
106'A
109% 109%
64
r
Reading Coal—
Apr 1964
1962
&
97
105'/a
18
70
107 ¥4
F-A
mtge 6s income
82%
105%
112
11
13
106'A
*107%
M-S
Philip Morris Ltd deb 3s
Gen mtge
106% 106%
—
125% 125%
1977
1961
1971
C_.
2¥4s
ref
Series
196
101% 102
.105
'V
118%
1967
series
2¥4s
M
ref
105
7
106%*'
104'/8 104%
A-O
j-d
106'/a
*107% 108
a-o
1966
N Y Gas El Lt H & Pow gold 5s
1948
Purchase money gold 4s
.....1949
For
101'A
F-A
...1965
E
4'As
1st mtge 4Y<n series B
106%;
26
-
1974
B._
83
91
f-a
1975
D—
134
A-O
1980
Philadelphia Co coll tr 4'As
Phil a Electric 1st & ref 2¥4s
107¥a
York Chicago & St Louis—
Ref
Ref mtge
126 ¥0
1974
series
87
5
94 ¥4
f-a
1998
registered....
H O O cr
17
107'A
1998
.
124%
13
133
'
1998
Mich Cent
3 Vis
106%
,-v
Union Ry 5'As..
Phelps Dodge conv 3%s deb
Phila Bait & Wash 1st gold 4s—
Series I
N
118%
Apr
1960
Apr 2990
Marquette Ry 3¥ss ser D
1st
fNew Orleans Texas !& Mexico Ry—
Inc 5s series A
of deposit
1
__1947
ext
4s_i
Pekin
1st
§ANon-cum
/
128%
21
115%,
100
—
"107'A 108
j-j
•
96
'
¥4 1?5 ¥4/
Af-S
1952
■
113% 114
*100'A
1983
Orleans Term 1st
99'A
F-A
1st ref & imp 4Vis
Peoples Gas L & C ref 5s
Peoria
112%-
108 ¥4
122'A 123'A
133
122%
''
1974
Jersey P & L 1st mtge 3s
New Orleans Great Nor 5s A
O & N E
99%
V
J-D
1961
106 y*
107
112
100 ¥4 101
1988
Junction RR gtd 1st 4s
New
N
100%
B
105
,
108 7/a
107 %
124%
'
__A' AA
,/
A
107
6,
107%
'
105% 106
105'A
107 ¥8
:
...
J-J
series
108%
106'/a
126 V2 126%
1952
deb
series
106%
i 6
108% 108 ¥a
*108'/a
1984
Gen
J-D
—,
-
3'As
108'A
1945
gtd 4Vis series B
108%
•
F-A
4'As series E
106'A
RR gtd 5s
England Tel & Tel 5s A
Af-N
Af-N
1948
May 1 1948
1960
123 ¥4 124 ¥4
27
,
,
'
123 ¥4
106% 106 ¥4
Gas cons 5s
1st
106% 106%
A-O
106%
Newark Consol
A Consol gtd 4s
106'A
1981
J-D
105'A 105'A
107%
11
10
106% IO71/4
F-A
1974
107'A
J-D
1960
*107
108 ¥4
105'A
*107'A. 108%
F-A
1968
5s
Conv
A-O
106%
108%
...
Gen mtge
Af-N
New
*108
J-J
J-b
104 ¥4
1965
111
105%
1965
4'As
96%
J-J
109¥4
*111
J-J
...1968
D
ser
.
Light 3Vis.—...,.1969
debentures
7
1945
1981
B___.
Pennsylvania RR—
Ccnsol gold 4g
4s sterl stpd dollar
Cons sinking fund 4'As
102% 103%
1954
105%
114
Pennsylvania Ohio & Detroit RR—
102%
1948
107
103 ¥a
112%
104% 104%
J-D
F-A
tANaugatuck RR 1st gold 4s
J A New England
107
110
*107
104%
Af-S
General 4'As series D
N
Dairy Prod 3 Vis debs..
National Steel 1st mtge 3s
106 ¥4
105 %
107%
..I960
1978
Nat
106
106% 106¥a
105% 105%
Gtd 4s series E trust ctfs
General
-i.;:!
& St L 4s series A
Chatt
Nash
108
Pennsylvania Co—
General
r
/
107%
104%
101%
J-D
M-N
106'/4
107%
105
105 7/a 106 ¥a
106
105 ¥a
107% 107 y4
J-D
Pennsylvania Glass Sand 3'/2s
Monongahela W Penn Pub Serv—
108 ¥4
106 ¥4 106 ¥4
107% 107%
Paterson & Passaic G & E cons 5S.1949
Moh'k & Malone 1st gtd
102 ¥a
106
106% 106%
A-O
I960
3'As series C
mtge
.
106%
106%
1966
1955
Pacific Tel & Tel 3'As series B
Ref
101
*102%
Cor—
3V2s series I
1948
A-O
J-D
97
97
106
*106
1962
F-A
J-D
*120
1977
J-D
*117
1964
J-J
106
*125
1974
99%
97 ¥a
—
97%
94%
101 ¥4
THE COMMERCIAL & FINANCIAL CHRONICLE
268
Monday, July 16, 1945
r.
NEW YORK BOND
RANGE
FOR
WEEK
RECORD
ENDING
JULY
13
'
Week's Range
Friday
BONDS
Interest
,
Last
Period
New York Stock Exchange
Sale Price
or
Gen
Potomac
El
1st
Elec
Pwr
4%s
1st
Car deb
Improvidence Securities 4s
Terminal
El & Gas 3%s
4s
1968
ref mtge 3s
1st &
1st
&
ref mtgo
1st
&
M-N
5s_
12
106
108%
Standard Oil N J deb 3s
101
103%
25
431/4
—'
•
37
*100Vi
103Vi
103 i/a
*1101/4 110%
110
107%
*151%
155
230%
16
100%
.1965
Rochester
Gen
Gas
Gen
mtge
Gen
mtge
|§AR 1 Ark
106% 106%
*107
102%
107%
M-N
*103%
J-J
lARut-Canadian 4s stpd
M-S
110
73%
108
103%
14
•
76
105%
98%
43
*110
711/2
J-J
79%
110
711/2
.1959
M-N
.2000
110
109%
26%
261%
26%
28
39
51
A-O
J-J
106% 106%
J-J
*1031/4
96%
J-D
lien
■APrior
4s
•
of
103%
81
79%
63%
j-J
lS
99
92%
63%.
66%
64
65 '/2
17
68%
68%
70
86
MS
1978
68
69
7
51
47%
571
48%
?
105%
105% 105%
27
100%
105%
105% 106%
29
100
series D
106%
105%
106%
30
ref
&
5s
Pacific-Missouri—
Ry
Jan
J-J
88
87%
37%
3%s B
37%
" 50%
A
Biscuit 3%s debs
of
60
108
94
59%
35
ACtfs
of
Alst
cons
23
72
3%s debs
93
*131%
195u
1959
a-o
-—
114
r
A-O
(Chemical Bank)—
6s series A
1945
——7
106
VZ'
'i
113%
32
103'%
-J-J
103%
103% 103%
12
J-J
U
105%
103
105
105%
105% 105%
105%
106%
A-O
105%
105% 105%
5
104
107
M-N
104 %
104% 104%
21
104
107
2
106%
109%
104%
107%
30
798%
103%
1091/4
109%
106% 106%
J-D
A-O
>105% 107%
M-S
103 %
103
103
;
*114%
*103% 104%
891/8
109%
2003
-———1958
ser
119%
53%
39% '
54
1st
72
'■
Power 3%s series
'Z
_i
:■:'■
F-A
74%
Western
74%
39
102%
*103%
F-A
1962
1979
41
.1970
J-J
5
.195U
J-D
.1952
;
J-J
105%
66
_i7
103% 103%
104
104
Gold 4 Vis
1968
MS
100%
Gold 4Vis
1969
M-N
100 %
Gold 4 Vis
1981
M-N
101
1st 4s
1950
*1163/4 118
1955
J-J
100% 101
-Vv-v"
108%
108% 108'%
Z/ZZ
9
43
117%'
107%
107%
7
110%
1063/4
106 3/e 106 3/4
105
107%
1073/4
1073/4 108
6
106%
108"%
110%
109% 114
397
92%
108%
:■/.?
108
'
114
106%
108%
106% 106%
13
105
108
107
39
105%
108%
103 %
.-1951
Z
-1970
M-S
lASu & Du div & term 1st
ACertificates of deposit
108%
110%
148
853/4
85
87,
9
74%
109%
A-O
-1960
106%
~5
105% 1051/4
J-J
3
-1945-
J-J
86
M-N
31%
90
87
110%
104%
106%
104
105%
117%
*117%
117%
t
86
: 106%
A-O
-1971
20
35%
106
108%
109
106%
*108%
J-J
38%
110%
104
106%
32
*30
Il968
92%
19
~5
32%
79
in
87
31%
.
57
79
Il936
4s—
—
95
1013/s
84
78%
1013/s
197
105
92
106
105 %
-1958
Wisconsin Public Service 3 Vis
105%
101%
90
*110%
M-S
1st 43
23
89
89%
J-J
-1949
9
107%
86%
J-J
.-2361
10 8 %
102% 103
M-N
.-2361
1st 4s guaranteed
IA Wisconsin Central 1st 4s
ACertificates of deposit
99% 101
103%
*106%
105
/
*105% 1063/4
106%
107%
923/4
73%
102
106%
i
107%
130
:
-
105%
101%
117
>•'-
*101%
"f
103%
60
105%
—
M-S
Winsion-Salem S B
103%
136
'Z;- z;.'Z3-
•
102%
103%
72%
95
101%
J-D
Wheeling Steel 31/4 series C
Wilson & Co 1st mortgage 3s
80
101 Vb 102
3/4iI
A-O
1st ref gtd 4s
104%
••
-100
M-N
—
Wisconsin Elec Power 3%s
MS
4
:'r
•
100
99%
..I960
5s
Wheeling & Lake Erie RR 4s
Pacific Co—
1977
.v.
90
■84%
„1951
gold 5s
30-year
103%
108
*108% 109
18
48
r
ZvZ
./May
105%
27
*130
v
•
inc ser A— .2014
Union Telegraph Co
126
105% 105%
—
A-O
1023/4
101%
.
/>.
A-O
.1977
Westinghouse El & Mfg 2yeS
103
zr
72%
-
J-J
I— .1966
Registered
101%
76%
109
106
6
95
*103%
3-d
4%s
Pacific
West Shore
49
101%
*101% 103%
J-J
100%
29%
—
76%
F-A
101
81
2
101'A
105%
*102% 103%
72%
f-a
1st 4s
25-year
-
78%
15
102% 102%
J-J
debentures
••ZfZ1
100% 100%
:
39
J-J
3s
(Oregon Lines) A
Q-M
series A
74
53%
v
123
1
.-1950
54%
53%
52%
Z/' 5
100 % 100%
104%
84
-
99%
92%
Z 1013/4 102
'
M-S
115
103%
101% 101%
M-S
.1967
Maryland
ref 5%s
&
24
71%
71%
Western
5
'■
./
109
98
/;;■
>'Z
;/
.: F-A
..
.1948
A_
98
//•: a-o
.1955
3%s—
gtd gold 3%s_ .2000
3%s
mtge
Penn
West
f-a
.1955
B
://;r Apr
.1971
1st mtge 4s...,
Petroleum
64'
71%
112%
"
105% 105%
Apr
.1991
inc series A
4s
mtge 3%s
Western
72%
109
M-N
.1981
mtge
RR 1st ref
120
39%
„
—
118
A-O
1995
mtge inc 4 %s series B
Gen
86
"
—
J-J
let gtd 5s_
5s——
Washington Terminal 2%s ser
Westchester Ltg 5s stpd gtd
114%
39%
Z/ZZZZ 9
-;•••/". i,-.'
71
7
■
A-O
Oil 3s debs
gtd 5s
Tel 3Vis
Fran Term
106%
20%
—
*117%
Warren
86%
23/
70%
■
--
*•
__
53%
*52%
—
.
>
Bell Tel
&
:
*53
M-S
Bouth
3s debentures
Pao RR
*29%
F-A
Walworth Co
87%
„
53%
,—-
South & Nor Ala RR
San
__
105%
110
*110% 111
~
F-A
M-N
cons
1st
105%
'
115
*113%
■
1941
1950
1964
1963
South
-
W
j 130% 133
__
114
•/;
13 ASilesian-Am Corp coll tr 7s
1st 4Vis
103
««•«•
*106% 106%
MS
Gen
102%
114% 114%
deposit
.
8outhern
60%
101%
*1013/4 102%
105
Wabash RR Co—
62
104%
__
M-N
dep
Socony-Vacuum
94%
103
'
95% :
100%
40%
*104% 105%
*113'%
(Guaranty Trust)—
ACtfs of dep .(Chemical Bank)—
|§AAtl & Birm 1st gtd 4s
.—1933
ACertificates of deposit
tASeaboard All Fla 6s A ctfs——1935
Shell Union Oii 2 Vis debs.
1954
2%s sinking fund debentures
1961
Skelly Oil
103%
51
105%
A—1955
1957
f 4s series B
Gen
59%
58
-*105%
A-O
ACtfs of dep
l
*104
,
.
103
85%
M-S
97%
72
88%
MS
(N Y Trust)
of dep
■;
106'%
116%
87%
88
86%
L
A-O
4s—
A Ctfs
195
Coal & Coke 1st gold 5s__1949
s
Iron
1st
*112
F-A
A-O
—1950
gold 4s unstamped-,
ACertificates of deposit
5Alst
ACertificate
56%
//F-A
1947
1970
1971
1980
1955
1959
Washington Central Ry 1st 4s
SA4s gold stamped
53%
J-D
A1B
mtge 3%s series
Warren
6 ARefunding
53%
J-D
1959
1967
land grant 4s
Va & Southwest
51%
198
ISeaboard Air Line Ry—
,
15
M-N
Pacific RR—
&
Cons
Va
481
87
■
J-D
1941
—1971
1952
198#
4%s
Schenley Distillers 4s s 1 deb
Scioto V & N E 1st gtd 4s
•
89%
1945
Vandalia RR cona g 4s series
71%
49
*91%
J-J
....
86%
1971
of Mo 3%s—
debentures
United
66%
48
116% 116%
J-J
Paul Union Depot
89
A-O
1960
Ohio Cent ref &
Universal Pictures
70
46%
M-N
1952
St
__
J-J
.1960
income 5s
*103%
J-D
3%S—.1974
ref 4s
1st
v
1
New Orl
RR of
Tenn
Ave
1053/4
106%
99%
68
48
47
.
V
gold 5s series A
1990
St Paul & Duluth 1st cons gold 43-1968
|§ASt P & K C Sh L gtd
/'
A-O
Virginian Ry 3s ser B
—1989
—Nov 1989
ctfs
150
99
.51
68
deposit-.
ref
&
130
A-O
34-year 3%s deb
99% <104%
98% 1031/2
64
of deposit stpd———
inc bond
4s
54
J-D
1st
95
99
J-J
1950
J A 1st term & unifying 5s
A Gen
147% 150
1977
Union
96%
95
100% 101
J-J
|St Louis-Southwestern Ry—
-1st 4s bond certificatesA 2d
108'/a
.1980
Ref
M-N
-1950
series A
M 4Vis
A Certificates
107%
106%
.1979
"
ACons
104%
13
series C
3s
106%
103%
96%
95
&
deposit-
of
A Certificates
16
106% 106%
•■•••••'
series B
5s
109%
104% 1043/4
106%
U
104%
-
—
"
lien
APrior
129
105
series B
35-year 3%s deb
stpd———1955
A—
ser
certificates
A
126
7
5s
SO-
Francisco Ry
ISt Louis San
107%
17
—
27
94
A-O
1933
--
St- L Rocky Mt & P 5s
106%
128% 129
w-*
108
75%
16
17%
1
25
112
110%
1-07% 108
A-O
impt 3%s_>.1960
.1948
Toronto Ham & Buff 1st gold 4s_.
.1949
Trenton Gas & Elec 1st gold 5s—
.1960
Tri-Continental Corp 3% debs
108%
108 Vi
73
26j/4
—
J-J
1947
1990
1st gold 5s
stamped
4s
12
5s
Pac
108 Vi
—
Certificates- of deposit
A
—
—
—
ref
Third
__
*109% 110%
MS
gold 6s
—i
1996
ISt Louis Iron Mountain & Southern—
River & Gulf Division
3Alst
102%
ref
Texas
110
68%
MS
MS
2d
>
106
&
Tol &
*125%
MS
I960
Saguenay Pwr Ltd 1st M 414s
St Jos & Grand Island 1st 4s
& Adir
104%
*107%
F-A
|§AUnion Elev Ry (Chic) 5s
Union Oil of Calif 3s deb
Lawr
106%
*—
__
J-J
.1965
Union Electric Co
St
107%
105
&
AAdj
ISARutland RR 4Vis stamped
105%
105%
*103% 104%
J-J
.1950
Pacific 1st gold 5s
&
Gen
104%
__
110
A-O
1977
,-1967
1967
1969
1934
1949
1941
series D
3%s series H
3%s series I
3Vis series J
& Louis 1st 4Vis
103
5
Gen
Corp—
Elec
&
5
77:
111% 111%
.2019
deb
3s
Company
Texas
1071/2
1061/2
107Vi
*107% 107%
1949
coll trust 4s A
&
mtge 4%s
Gen mtge
106%
A-O
(4.7%
cons
"■'"7
106% 107
J-J
3%s series B—.1974
imp M
debentures
3s
J-J
for 1945) due_1975
Revere Copper & Brass 3V43-.
'960
|§ ARio Grande West 1st gold 4s—1939
Alst
&
Texas
Saratoga RR Co—
mtge
104% 104%
Gen
Remington Rand deb 3%s
Gen
106%
*105'/a 106
M-N
.1953
—
gold 4s
f
s
& impt mtge
Ref
102%
R
1951
1956
103%
St Louis—
oi
Assn
refund
Gen
102 V4 1021%
Rit
4s ser C_—:
Tcxarkana & Ft Smith 5%s A
Reading Co Jersey Cent coll 4s
107
High
105%
13
Transmission—
mtge pipe line 3s
Ref
Rensselaer &
104%
1961 ZZ-/ M-N
debs
&
Gas
Tennessee
Terminal
J-J
-1964
J-J
J-D
-M-N
Low
103%
157
224%
—
*2421/8 250
2%I
Swift & Co
Q
deb.
January 1
15
No.
108%
MS
1st
Quaker Oats 2%s
104%
1953
debs
J-D
1959
1956
—-
Oil Corp 3%
Range Since
Sold
t
1101/4
*107% 108%
debenture
Sunray
Hiah
104% 104%
F-A
1961
Superior Oil 3%s debs
Bonds
Friday's
104% 104%
I960
2%s debs
Oil of Calif
2%s
38 Vi
J-J
•
1972
-2037
2037
ref mtge 8s
Stand
M-N
J-J
J-D
1956
improvidence
Public Service
104
*113
37
or
Bid & Asked
Low
102%
106
Sale Price
High
35
*102%
J-J
1957
.
Low
Last
Period
106
F-A
.
1951
5s
No.
Interest
Stock Exchange
New York
102 Vi 102%
J-J
1977
mortgage 3 %s
Pressed Steel
102%
] IM-S
1966
3Vis
M
1st
1960
January 1
ULzh
Low
Portland
Range Since
Sold
Week's Range
Friday
BONDS
Bonds
Friday's
Bid & Asked
105
105
32
131% 132%
8
107
1043/4
—
105%
106%
/"/'/
Youngstown Sheet & Tube—
series D
1st mtge s f 3Vis
M-N
I960
104
104
104%
19
'
J-J
Southern
gold
Ry 1st cons
Devel
gen
&
gen
Devel
&
gen
Div
6Vis
gold 5s
1994
1st
Bell-Tel
ref 3s
&
series
A-O
1958
1951
ASpokane Internet 1st gold 4 Vis
J-J
1964
J-J
2013
1203/4
■/ '
52
29
111
117
11
117
122
116%
125
1203/4 121%
*124 %
7-' ■'''
953/8
:
__
.
*109
-
—'
108
r
Apr
66%
—
663/4
and
in
the
deferred
week
in
57
include
ending
and
7,
the
present
furnish
we
Friday
security, whether stock
every
663/4
v.
^
>•
V'lfM
vA'
AND
or
a
(July
STOCKS
Curb
Friday
Week's
Last
Exchange
Range
of Prices
Par
ACF-Brill
Acme
Ae»-o
Wire
Motors
common..
Investors
6%
1—10
;
13,
,
footnotes
see
page 273.
•/
;■
RECORD
1945).
It
is
29
29
regular weekly range are shown
compiled entirely from the daily reports of the Curb Exchange
beginning on Saturday,
itself, and is intended to
JULY 13
Sales
Shares
2%
Jan
Curb Exchange
Sales
Range
for Week
of Prices
Shares
Low
Par
High
7% May
Week's
Last
Sale Price
York
Range Since January 1
Low
400
Friday
STOCKS—
New
High
6%
FOR WEEK ENDING
Alreon
50c
Mfg Corp
29%
160
Jan
32
Apr
Air-Way
Electric
Appliance—
3
19
Jan
22% May
Alabaipa
Great Southern—
4%
1,700
4
May
5%
.13%
13%
14%
1,000
9%
Jan
15%
Jun
12
12
300
11%
Jun
13%
Jan
2% Mar
4%
Jun
37%
Anr
7%
1
12
3%
3%
3%
200
27%
gau
Mrnxt
Alabama Power Co
$6
Alles
$7 preferred
preferred
&
Fisher common—
•
*
1
6
6
131
117%
Range Since January 1
10%
6J%
131
High
Low
High
79,600
5%
Jun
1,400
3%
Jan
99%
Jan
Feb
8
9%
—50
4%
1(1
For
YEARLY
4%
2
common
7;
-
for Week
1
;
Ainsworth Mfg common
Air Associates Inc
(N J)__
Air
.
1
co
B
Low
warrants——
Supnly Mfg class A__
Class
current week.
Z'//'/Z;
asked prices/no sales being transacted during
flat.
bond, in which any dealings have occurred during the current year.
Sale Price
Fork
Bonds selling
complete record of the transactions on the New York Curb Exchange for the week
RANGE
New
•Friday's bid and
a
delivery sales are disregarded in the week's range unless they are the only transactions of the week, and when selling outside the
which they occur.
No account is taken of such sales in computing the range for the year,
Z
' *
In the following extensive list
July
107 %
13
-WEEKLY
footnote
a
109%
105
-
tCompanies reported as being in bankruptcy, receivership, or
the Bankruptcy Act, or securities assumed by such companies.
109%
107%
7
dollar quotation per 200$4.8484.
reorganized under Section 77 of
§Negotiability impaired by maturity.
tThe price represented is the
pound unit of bonds.
Accrued interest payable at the exchange rate of
106
108
*104% 106%
not
sale
NEW YORE CURB EXCHANGE
-
NOTICE—Cash
105%
Deferred
'
■
in
132%
1043/4 1053/s
J-D
1968
3Vis B
C
J-J
123
1153/4 116%
/
A-O
1998
^
delivery sale not included in the year's range,
d Ex-interest,
e Odd-lot sale
included in the year's range. - n Under-the-rule sale not included in the year's range,
r Cash
not included in the year's range,
y Ex-coupon.
a
'
1043/4
A-O
1958
St Louis Div 1st gold 4s
Southwestern
J-J
1950
4s series A
1st
'
•
5s
6s
Mem
-
&
Devel
%—
60
10% July
.6% July
132
July
117% 117%
107
107%
20
115% May
118%
Jun
60
106
Jan
107 %
Jan
7%
100
7%
6% Apr
10
Feb
Jan*
48
Fflr'
41
Volume
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4403
162
NEW YORK CURB
EXCHANGE
RANGE FOR WEEK ENDING JULY
ryt<
Week's
Friday
STOCKS—
Curb Exchange
Sales
Last
Range
for Week
Sale Price
of Prices
Shares
York
New
Par
Allied
Products
Class
A
conv
Low
44%
Goods
Aluminum
Industries
6%
Ltd
Convertible
Class
49
Jan
117
20%
100
19%
Jan
150
15%
650
86 %
19%
•
19%
110
109
:
—
1
Mfg
Power
class
Jan
26
Jan
Jan
117
Jun
110% July
1% Mar
400
52
130
46
22
22
23
900
11%
with Long Dividend Records
Feb
Jun
2%
v
,
on
54%
Jun
Jan
25%
Jun
MEMBERS OF
THE
29
46
52
250
850
6%
2,700
4
Jan
to CO
Jan
44V4 Mar
6,400
352
Jan
% July
'17%
Jan
21% May
Jan
38
6 %
38%
STOCKS
common.—10
Foreign Power warrants-
40
%
%
19%
20%
950
35%
36%
10,900
'
American
Fork
Gas
St
Hoe
&
•
common
10
Electric
preferred
4% %
Corp
preferred
$2.50 convertible preferred
31
111%
50
/■:
8'/a
Jan
113%
Jan
—
11
49%
125
52
Jun
21%
250
18
24%
Jan
250
2,800
41%
Jan;
New
York
Curb
Friday
Exchange
Week's
Range
for Week
of Prices
Shares
,
Par
Low
Cable Electric
Voting
Products common-
trust
500
certificates
Rubber
American
Laundry
American
Light
25
Co
Mach
& Trac
20
American
Mfg
Co
common
Preferred
Co
Potash
American
■
36 %
32%
Jan
36V2 May
23 %
9,100
17%
Jan
241/2
Jun
Calamba
29
200
25%
Apr"
29%
Jun
CaliionJa
64%
175
51
Jan
100%
"4
"3%
-
4%
1%
6,000
70
Calli'ce
Apr
Camden
Jan
4%
Jun
Canada
38%
38%
200.
31
•
49
49
100'
41%
40 Va
Jun
Jun
Canadian
.10
Republics
Seal-Kap
American
13%
~I%
Corp com—.— .103
»
preferred
;
$6 series preferred
Zn
American Thread 5% preferred
Amer
13% July
4% Jan
13%
13%
2
common
~1%
"l%
Writing
class
A
■
32%
18
1,500
~9
r
4 Va
Car
Jun
&
Capital
Carman
3%
1,200
—
Jan
6% July
Jan
20 % May
"3%
-
--
100
25
100
20%
Jan
60
111%
Jan
4,800
7%
Jan
-
■.
1121/4 112%
8%
•
common
~3%
25
1
•
pfd— 100
8'A
5%
900
3%
•
•
5%
9,800
3%
6,300
10 %
Feb
May
9%
Jan
10%
4
28
114% Mar
Jan
5%
Jun
5%
5'A
10%
Jan
10'A
5%
non-voting
preferred—
8%
3
non
City
&
4
Va
100
Jan
4% May
9.%
9%
100
7%
Jan
10% May
1,200
6%
Jan
10%
Apr
7%
7%
2,500
8%
Jan
—jf"
22
•
common.:
L
■
v;lf:/:/'::'v
...
6
_•
(A M)
of
Aro
Equipment Corp
Oil
Ashland
—2.50
Refining
&
112% 112%
;
Co
17%
17%
8%
1
8%
110%
50
6%
Jun
6%
Jun
Central Maine
Feb
Central New
Xl7
1,800;
18
8%
Mar
7%
1,500
113 Va May
23% Jan
'
■
9%
Apr
Jan
*
pfd—
If"
.—£1
dep rects reg
Associated Laundries of America
**1%
•
11%
Rirm & Coast RR Co pfd—100
Coast Fisheries
1
Atlanta
Atlantic
Atlantic
Line
Coast
*1% "l%
,
•
Associated Tel St Tel class A
Atlas Corp
Atlas
warrants—
Drop Forge common—
Atlas
Plywood
4% >;•
u—;
5
...
22%
1
15'A
Jan
:>
10%
Jun
1% Mar
Jan
17
41/4
Gas
Central
Power
Central
&
81
Power
119%
Steel
102
Jun
&
Products
Automatic
Voting
•——■
16%
;
'
16%
28
28
'
8Va
Machine
—•
South
West
9%
9%
9%
1
141/4
':«.W ' <
pfd
Conv- pfd
Conv pfd
opt div
141/4
'
100
121% 121%
4%
24%
Ayrshire Collieries Corp.——.
3
Cessna Aircraft Co
4%
Jun
Cherry-Burrell
10%
12%
Jun
uolp
:'AAy<'
——•
Locomotive—
Baldwin
24V4
Jun
Chesebrough Mfg
Chicago Flexible Shaft Co
-18%
Jan
•
Jan
Jan
23
100
Jan
/
,
•_
/
,
16% Mar
7% May
15
r.
,
.
May
26i% jun
18 Va
Jan
Chief
Consolidated
Cities Service
$6
shares.
American
Barium
Steel
Barlow
29%
3,100
Jan ;
37
May
14
12%
10%
Jan
15%
Jun
40%
Jun
43
Apr
V/ 10%
Jan
12% May
3,900
T.''-
100
Andes—
los
de
Banco
13%
13%
1
common
10%
—-
"4%
~4%
"5
...
19
19'A
Apr
12%
Feb
St
1
Corp
Seelig Mfg—
convertible A common
$1.20
—.5
Refractories Inc
Basic
(L)
Baumann
1
Mills Inc
Beaunit
6 Va
6%
12,900
15%
5%
2,200
,/"•
100
8%
5
Jan
July
20
,
Apr
Jun
71/2
Mar
Feb
11%
Jan
106
Mar
125
Mar
9
Jan
12
Jun
Jan
31
Jun
5";
1
10
common
Feb
i;f 3
400
*
common
1st preferred—
Brummel Ties
1%
Beau
6 %
;
28%
18%
500
29
28%
Mar
May
21%
Jun
30% Mar
20
Jun
30 Va Mar
4%
:
5
4%
12 Va :
20%
20%
/
Auto
City
&
Mining
121/4
"•■•
100
•
Electric
Clinchfield
Club
Coal
600
300
2%
4,500
Cockshutt
Colon
Plow
Co
Colt's
Patent
Columbia
5%
Bell Tel
Benson
St
1
common—
Canada
of
Hedges
Convertible
...
W)
(E
$3
400
11
2d
4'A
.
:
25
10%
Jan
14%
Jun
4,100
151/4
Jan
36%
Jun
4%
5,900
3%
Jan
Mfg
54
541/2
800
51
Jan
57%
Feb
22%'
400
15%
Jan
24%
Jun
20
21
700
9%
Jan
22
Jun
130
125
130
70
110
Jan
36%
37
100
32
Jan
37
Jun
14
14%
500
12%
Jan
141/2
Apr
1%
42
•
i__.
1
'/a
1%
3,800
%
500
34%
i
1
;
'
3Va
3 '/8
23%
23%
17%
4%
1
17%
6%V:
American Oil
British
Am
American
dep
2%
Apr
4%
Jan
Jan
24%
Jun
Jan
19
Feb
6
5%
9,500
3%
1,800
/
6% July
British
Celanese
Amer dep
British
—£1
rets ord reg
A
-10 s
(E L)
Bruck
Silk
common
1st
30
I
is'
Feb
HI
Jun
22% May
22
51/4 Mar
200
20%
5%
29
•
Sullivan
—2.50
rets
12 %0
common
see
"5%
39
11%
12
27%
28 Va
..
.
page
273.
—250
"'mnmm 'V
5,900
100
Apr
28%
13%
5%
113V* 115
13%
1%
5
Jan
13%
2
5%
.
91
,
/
3%
33
23
3%
.
Jan
■
Feb
'
•26%
95
Jan
Mar
8%
30
.
Feb
5%
;
39
Jun
Jun
Jun
Jun
Jun
Apr
Jun
Jun
Jun
Jan
10%
Feb
10
Jan
12%
Feb
19,600
20%
Jan
28 Va
-3Ve
Apr
.22%
Jun
1%: Jan
19
19%
900,
8%
Jan
42
300
35%
Jan
43
43
40
43
500
28 Va
Jan
46 % Mar
100
3%
Jan
•
5%
5%
—
Jun
11%
~4%
*
19%
warrants
Jan
1,600
4%
Jan
6%
Feb
20%
6,000
8-s May
20%
Jun
6%
2,300
5% Jan
7%
Jun
34.% Mar
41%
Apr
171%
6
6
25
Arms
Jun
6%
~iy» "4%
■
common..
ordinary..
36
36
38
91
90
91%,
1,300.
33% July
Electric—
&
Southern
730
*71
Jan
iV
ia
Community
Public
Service
23
351/4
35%
100
21V*
Jan
Water
Service
1
11/2
1%
900
II
11%
Jan
2
2Va
1,
Feb
92%
Jan
warrants—
32
1/64 Jan
41,100
•
Jun
A
Jun
-'•36Va
Jun
-
2y8 Mar
Compo Shoe Machinery—
V
t
c
extended
Conn Gas &
to
1946.
Coke Secur
•
common..
■/
500
I
'
$3
•
preferred
Consolidated
Biscuit
Co
Consol G E L P Bait
4 Va%
series
B
preferred
4%
Gas
Consolidated
common.
Mining
Retail
Royalty
Consolidated
Steel
Textile
7 Va
8
62 Va
61%
1
14 Va
13
Lta.
Stores
...
Corp
t
IlOo
Co
prior
100
Cook Paint & Varnish Co
Copper
Range
1
1
$6
—50
,
L
preferred A
Cosden
-'J,/'
%
18% .18%
-
.
3 % :
3
:
,200
Jun
Jan
Jan
7%
Jun
23%
113
J an
20%
7% May
9%
2,800
f<r*
.
1
14%.Mar
Jun
Apr
Apr
Jan
Jun
21% May
900
nil
3%
3J/a
3 Va
preferred
—50
39%
37%
39%
—5
28 %
28 %
29 V
1
1%
1%
2
Jan
4
Feb
70
3%
98
97
May
3% Mar
25%
15
650
20
19%
\v;
14%
108% Jan
/.:/■ 250
8V4
%
—*
,
130
%
8 Va
'
4%
65
:
Jun
-13%-Jan
5,400
1,
common
Petroleum
convertible
5 %
19%,
—*
—1
Reynolds
&
V
8 Va
Cornucopia Gold Mines..
Core Inc d——Cori'/on
...*
Co
Jan
2,600
;
111% 112
—•
Jan
18%
Jun
Jan
7%
Jan
2%
July
118%
110
Jan
8%
1,100
-
6%
22%
V;
preferred
43%
400
22%
€%
21
Continental Gas & Electric Co—
7%
Apr
2%
20%
6%
1
& Machine Co
Fdy
5%
78 Va
JuJy
May
1,675
i-
14%
21%
21%
•
115
106 %
6,800
62%
v
Jan
10
3,700
7% '
7
2%
2%
10
—
'.r
Feb
12'/a May
10
■,/;;-
Jun
2%
43 % Mar
Jan
67%
1,700
v
: 108% 108%
1
Oil
78 Va
••'.115-A 115
-108%
3 5%
V*
Jun
7%
500
12
-
.100
Smelt
&
Consolidated
—
77%
78 Va
115
41
■
11
11%
3
100
C
Utilities
Consolidated
Consol
1
«
preferred
series
Consolidated
Continental
1
i
American
Creole
Croft
dep receipts (ord
84
Jan
109
Feb
2,000
y
700
2%
32
Co..
Crowley Milner & Co
Cent
Petrol
Crown
Cork
International
n%
$6
convertible
Cuban
Sugar
1,300
9%
115
Tobacco
common
Lighting Inc
Mfg Co (Mo)
common
111%
Jan
10%
Jan
14 % May
23,100
1%
Jan
2% May
3
Jan
5% May
4%
Jan
6%
Mar
3,400
17%
•150
4%
1,200
4%
Jan
Jun
9%
Feb
39% July
•
"lOVe May
"'31% May
•1% Feb
1
8%
58
58
26%
25%
.
27%
30
8,600
3%
32
Jun
10%
Jan
Jun
19 Va
Feb
Jan
4%
Feb
Apr
Jan
28
July
4% Mar
01
Jun
22% Mar
31
Jun
Jun
4% Mar
2.50
11%
Jan
Apr
12%
•
Jan
7% Mar
15
2%
:io
5
Jan
25% Mar
25 %
..23
,
10%
Jan
-8
Jun
Jan
13%
Feb
31
I
Jan
37
Jun
31
July
34 Va
Jun
D
Jun
1,250
1,600
11,500
Curtis
200
10%
[250
...
Atlantic
Cuban
Curtis
common
9%
9%
10
*.
.
preferred
Refining
preferred
4,800
10,400
9%
—5
A
common
Crystal Oil
J
1%
17%
.
(Md)
Crown
Crown Drug Co
9%
reg) _£1
Petroleum
Brewing
July
-41'"
115
5%
24
20
'
12
2
Corp
footnotes
~5%
:>.i\
700
39
•
200
24
6%
Jun
Apr
.100..
30
.*
preferred.
Biscuit
~7%
.
*
Co common
&
.
23%
«
1
common
Corp Am dep
For
—
_,
Mills Ltd™
Hill
(P
~75/a
_
•;
...
Butler
5%
—
Buckeye Pipe Line
Buffalo Niagara & East Power—
$1.60
preferred
Rurrv
5%
preferred™.
Bruce
231/2
Jan
2%
Brown Rubber Co
Burma
~
class A
prior preferred...
$5
19%
19'A
■
__£i
Brown Porman Distillers
Bunker
Jan
May
Jun
401/4
Co
,
Jan
May
.
Ltd—
Brown Fence Ss Wire
$5
35
Jun
9% Feb
25%
Courtaulds Ltd—
B
Class
20
Jun
21
reg
Columbia Power
Class
Mar
Feb
Jun
10%
17
31
Co
-;
Tobacco-
ord
rets
.Feb
15
/
dep rects ord bearer
Am
48
20
__
British
May
900
i
common..
2
2,100
7%
..
Jun
-
700
3%"
V*
6%
135V4
Apr
18
4
;
Jan
42
40
23 %
Lgt St Pwr.
common
Co
5% Mar
22%
Bridgeport Oil Co
Brillo
151/4 May
54%
IIlOO
Aeronautical
Brewster
Mar
22%
—25
preferred™...."
Traction
17
•
•
Corp
Jun
13%
31%
""""""*
common
1st preferred
$5
Feb
Jan
2%
•
Inc
Brazilian
Jan
33%
13%
"
Breeze
46%
Mar
4%
,—100
Borne Scrymser Co.
1%
13
Jun
46
Jan
1%
17,600
Jan
20
1st preferred
Bourjois
15
32%
Co common
Bowman-Biltmore
350
1
common.
optional convertible preferred
(S) & Co
7 %
16
1
common..
(H C)
i
•
.....
Z%
15%
'
.
Co com..*
Blumenthal
Bohack
"2%
12%
1
Birdsboro Steel Fdy & Macb
Blauner's common
Mar
36% Mar
~2%
5%
152'/a
May
Jan
30
•
Bickfords Inc-common
Ridge Corp
145
--
1
Blue
3%
1,000
•
common
preferred
Berkey & Gay Furniture.
Bliss
5%
5
100
*
11%
Jan
Jan
100
preference
Commonwealth
>
Jun
Jun
19%
100
&
Jan
9
19%
Jun
13%
42
1
Fire
Gas
142
335
*
Airlines
Colorado Fuel & Iron
21/4
21/4
Feb
«
Utensil
Development
Colonial
1
■
Jan
8%
100
9%
Illuminating
Corp.—
Aluminum
11
Feb
1%
110% Mar
70
Jun
40% July
.122% May
24% Jun
Jan
21
500
23%
Jan
117
1,050
9%
-
•14'/a
Jan
16%
9,800
22%
•
-iJ, Jan
85
400
■
1
Neon Lights Inc
Clayton 8s Lambert Mfg
Cleveland
5,400
.
131
11
127%
Jun
12%
12%
129
23%
Jan
Feb
11 Va
10
Claude
Apr
34%
131V4 134%
131%
129
—*
Homes
21
25
22
20%
•
Co
Jun
Jan
1,100
1V4
Jun
•13
12%/
111% 116
;
21%
•
;
.
Stamping
Controller
115
10
—
'AAlVa
1 %
1
15
Jan
40% /
39
39
—100
B
Suburban
Clark
-
10%
16 V*
50
;
5% Jan
8%.' Feb
100
.
112
*
4
common
preferred
4% Mar
4,600
12%
Community
Aircraft
Bellanca
Jun
32
78
Jun
150
25
■
preferred
City
30
Co
Rubber
5%
:
20% Jun
63
..
100
12 Va
common
IChilds Co preferred
$6 preferred BB
12%
common—■—
preferred
Jun
■-14% May
122 % Apr
Feb
\i Apr
Apr
-
24%,
12%
Chicago Rivet & Mach
r
for
warrants
Purchase
7 7a
Baldwin
May
107%
24%
5
Jan
5%
150
33%
10.
120
Apr
118
1,200
5
common
Apr
v.
10%
500
32%
Jan
..12%- Jan
1,950
75
iu
171/4
900
B
33%
7%
104 %
241%
—
.1
common
12
900
5,300
60c
Babcock & Wilcox Co
Feb
23%
100
common
Feb
17 »/4
Feb
—
25
,
251/4-v
% 67
100
ser
opt div ser 29
Jan
17%
—
Jun
10%
4% S i,; 7.900
41/4
24
100
;:1:, 2%
251A
29
118% May
100
8,300
251/4
25 V*
19%
Jan
7% Mar
100
Chamberlin Co of America
200
Jan
24
10
50c
Unaiia
6'/a
Jun
119% July
10
Mar
14 V*
100
Utilities
Feb
13%
•49%
Feb
Jun
Jan
2,500
1051/4 1051/4
preferred
Jun
6V4
Apr
50
8%
100
preferred
SCent States Elec 6%
11%
13%
5
25
1
Si Sons common
6% preferred
——
Avery (B F)
Jun
May
19
42%
200
8%
J
■
19%
-33
Jan
117
50
pfd—100
Light 1%
851/2
15%
119%
'
Automatic
Jan
Mar
8%
•
com..
Proaucts
Apr
12%
•-
119
pfd
Jan
23%
200
47
.
b%
7%
14 V*
48
Jun
12
1
1
Elec
1%
Power
58%
12%
100
Jun
4%
16 Va
•
75
22%
15%
•8%
Feb
101% May
.
:
Jun
Apr
Jan
28
..10
America
1,800
9
79
4
■
12%
1
Corp
%
//:■
450
V
*8%
79
Feb
2,400
12'A
'
~9
50
Co
9%
—
Jun
9%
■
1%
5,700
15%
;.*
com
York
Ohio
7%
Associated Electric Industries—
American
27%
Jan
Jan
11
Feb
~3%
•
,
& Co
Hudson
July
108% Apr
5%
"3%
"3%
;
•
A
Products.,
Castle
Central
Apr
9%
25% May
l
$5
Casco
Corp
Jan
108 Va
22% May
Alcohol—
1.
Co
Catalin
Jan
8%
25
common
&
20
100
class
Co
P
6% Mar
50
Foundry Ltd—
Products
(J W)
22
3%
mrnfm ■■
'
Arkansas Power St Light $7 preferred.*
71/2
'
—5
•
Carnation
May
3% May
9%
voting
Co
Central
■
-
Jan
9%
Class B
Carter
4
Jan
■
4%
preference
voting
Class B
Jun
Apr
1%
:
Canadian Marconi
Mar
10%
2
—1
I
Ltd
Industrial
■Class A
5
Jan
18%
6%
Canadian
34%
Jan
5%
Jun
133
Jan
1,100
1,900
5 "■;■■■
8%
6%
.£ 1
Argus
6%
'A
1%
Jan
Jun
100
200
;
9%
1
preferred
Carolina
...
—1
Inc
Arkansas Natural Gas
31%
4%
'■
-,9
—2
Anglo-Iranian Oil Co Ltd—
Am dep rets ord reg
Angostura-Wupperman
Apex-Elec Mfg Co common
Appalachian Elec Pwr 4%%
Common
31%
common..
Fence
Post
Anchor
Paper
7%
Jan
>;
$6
American
%
120%
Superpower
1st
16% Mar
2%
.10
Corp
Co
Participating
American
_£1
Power
Insurance
Cement
6 % %
pfd
Estate
Electric
Fire
531/2
Jan
dep rets 5%
Sugar
Tungsten
105V4
Jan
-
Mar
Jan
•
Chemical
&
American
35%
v
3%
2 7/o
Wireless—
63 Va
z
--
1
Meter Co
American
—
100
Maracaibo
American
■
St
28%
23
25
100
Cables
22%
36
25
common
6% 'preferred
21%
:
Mar
Range Since January 1
Low
High
High
3%
I 3%
50o
.
Hard
American
Sales
Last
Sale Price
Feb
11
July
49% July
10%
47% May
1
1
5, N. Y.
Jun
48
10%
10c
common
convertible
$2
112% 112%
100
General
American
35%
EXCHANGE
New York
7Va Mar
2,800
6%
Cyanamid Co
American
CURB
Jan
46%
441A
39%
Class B.,
&
YORK
Jan
48 V2
July
42Va July
46
42%
43%
American
NEW
30 Pine Street
.
American
request
HERBERT E. STERN & CO.
Jan
Mar
& flight
A
A
~2%
2 Vb
51%
1
New York Curb Exchange Common Stocks
Jun
21%
Jan
108
..100
Co
Cities
American
Jan
112%
..100
Central
Jan
36%
100
•
common
common
Book
9
4,100
20%
American Beverage common
American
May
Jan
48%
115
■
Mfg
preferred
American
39
List of
39% May
Jan
115%
44%
100
Aluminum
Jan
30
8%
preferred
High
29
29
common
Aluminum Co common
Aluminium
Low
P
Co common
Altorfer Bros
6 %
Range Since January 1
High
10
(Mich)
13
Davenport Hosiery Mills
•
Dayton
1
Class
Rubber
Mfg
convertible
50c
31
31%
1,100
35%
35
Dejay Stores common
31
A
10%
10%
11%
2,200
Feb
40 Va Mar
7%
Apr
11% July
THE COMMERCIAL &
Monday, July 16, 1945
FINANCIAL CHRONICLE
NEW YORK CURB
EXCHANGE
WEEK ENDING JULY 13
RANGE FOR
of Prices
Sale Price
Dennison Mfg class
A common...
II-
debenture...
—
9%
Derby Oil & Ref Corp
Detroit Gasket & Mlg—
9
11 Vb Jan
18% Apr
2% July
7% July
34% Mar
Apr
10 y2
400
400
21% Jan
25%
2,800
34
33%
13%
Apr
1% Jan
5% Jan
27
Jan
..
7%
7%
''
preferred
Diamond Shoe common...——-
Feb
29% Jun
12
Jun
8
28
29
1,150
18
23%
23%
3%
22%
2%
24%
24 %
23Vt
23y4
1,900
23
13% Jan
11% Jan
5
35
36
"4%
1,500
20
600
600
;
4%
4%
Draper
67
.J_
_
__
_
Apr -
"5%
3%
/
95
Jan
Apr
8% May
4
4'A May
11% Jan
400
400
12% May
3% Jan
1,900
12%
11%
1%
V*
12
——
Apr
Jun
x68% May
82% Feb
66
Jun
May
84
__
_
—
28%
10
.
74
Apr
38% Jan
25
25
79%
79%
9%
July
5% Feb
36
Jan
6%
—
237/a Jun
4% Apr
2,100
25% Mar
Corp
Driver Harris Co——
Duke Power Co——
—
Durham Hosiery class B common.
Duro Test Corp common,
30
Jun
25 Va July
Jan
28
Corp
Divco Corporation
Dobeckmun Co common
—
Domestic Industries class A com—
Dominion Bridge Co Ltd
Dominion Steel & Coal B
Diana Stores
Duval Texas Sulphur—
92
Feb
142J/4 May
Jan
16 8 Jan
-<f\
5,200
7%
34
7 %
Textile Co Ltd
Apr/:
21 r;
__
7
~2% "2%
2%
2%
2%
Iron Foundry.—
Detroit Mich Stove Co commonDetroit Steel Products
—.
De Vilbiss Co commo«.--*.w-rr
Gray
Dominion
Apr
138
—
9%
—
preferred—
6%
Detroit
—
1,000
__
9%
9% Feb
5% Jan
82
preferred
$6 prior
8%
30ft
300
;v:
High
Low
7%
7%
-
1
Range Since January
High
ow
Low
14% Feb
Haruora
Rayon
Harvard
Heyder. Chemical common
Hoe (R) & Co class A—;
Elliott
55
56%
44%
800
10%
10%
1,100
14%
15%
35,700
II
;
;.'
.
•
43%
.
7%
6%
7
7%
6%
•
6%
*
,'
4.300
8.900
2,000
150
150
500
'■
—•
—
30%Jan
110
Mar .■
23
Jan
43
Mar
7% May :
10% Jan
43% July
7
Jun
3% Jan
2
1%
1%
/.'A
14
15%
37%
:
——
157/a July
100 %
2% July
15%
27%
29
77
79
550
Jun
90
7,600
79
Jun
Feb
32%
125
28%
Jun
July
40 %
700
38%
Jun
105%
1,100
'
'
Jun
Jun
112
Jun
108 % May
pfd-
Feb
12
,:1 %
~1% "2%
•
10
Feb
39%
800
Jun
32%
V'i, 100
37%
9%
Jun
12
500
29
35%
35%
Jun
,48
825
29
10
common
2%
12,300
47
45%
45%
I
•
18%
18
__
800
Jun
5% conv preferred
Illinois
Zinc
Class
A
B
voting
Pitt Brewing Co
Co
Franklin
Grain
Fuller
i
$3
(Geo A) Co
stock
convertible
conv
14%
V
& Male
"
common
17 %
Jan
Feb
55%
Jan
31
Jun
24%
Apr
75
Jan
July
Jun
July
8
Jan
5%
May
27
27
22%
Jan
27% July
26%
26%
22%
Jan
28
27
-"4
'
Feb
4%
Jan
50
1,050
27%.
Apr
24%
Jun
Jan
29
Jun
Jan
82
Jun
Jan
114
Jun
77
20
106
106.
13%
Jan
17%
1,500
X23
26
1
•
preferred.—100
11% May
17%
55%
12%
12
X23
187/s Jun
Jan
25% May
Jan
58%
20
Jan
15
Jun
12%
Jan
15
Jun
Jan
12% July
26%
Jan
68
Jan
71
Feb
2 %
Mar
3
Jan
3
Jan
2% Mar
55% Mar
73%
Jun
Feb
101%
Jun
19% Mar
23%
Jun
19
Jan
20%
Feb
38% July
24% May
85
10
—-*
CO
.•
series
$3.50
International Minerals and Chemicals—
13
Mar
2%
" Jan
3%
Jan
Feb
23
Jan
31% May
100
51%
Jan
53%
.
1%
1%
22%
1
12%
2%
2%
1,300
2,500
Jan
Jan
2,400
3
1
22%
11%
•:
19
75
Feb
42
Jun
1%
Feb
24
Jan
9%
Mar
1%
Jan
%
300
23%
12%
1
voting trust ctfs—•
1%
17%
Royalty
Italian Superpower A
Jun
450
,
Irving Air Chute
21% Mar
8%
1,400
Iron Fireman Mfg
Investors
22
Jan
*
100
•
preferred
Interstate Power $7
May
Jan
19%
shs
Equipment
Home
Interstate
16
18%
5,800
•
Registered shares
*
International Products
—10
International Safety Razor B
•
International Utilities Corp com,
com.
15
$3.50 preferred
50
coupon
9% May
700
Warrants
International Petroleum
Feb
Jan
57%
100
of North America
Jun
52
—1
——1
Co
29% Jun
116 c:
xll3% Mar
—.100
preferred
1%
May
11%
Industrial Finance v t c common
Common
7
11
Indianapolis P & L 5%% preferred_100
6% preferred...
100
preferred
Jun
Jan
6%
Indiana Service
7%
Jun
May
28%
13% Mar
July
13% July
4% Mar
Jan
1
Jan
4
Jan
7%
Jun
Jan
16%
Jun
Apr
•:
(
5%
(FL) Co—
Jeannette Glass Co
.......
5%
6%
2.600
14%
Jacobs Aircraft Engine Co.
Jacobs
14%
15%
3,300
—*
2,200
7
7
J
K
11%
8
4% Jan
Jun
107%
75
104
Jan
107%
Feb
108% 108%
10
108
Jan
110%
Jun
114
Feb
107
Pwr & Lt 5%% pfd—100
6%
preferred
100
7%
preferred
—
100
Julian & Kokenge Co
•
Jersey Central
30
111%
111
X108% Mar
21%
116%
24% May
Feb
Feb
'
a.
Garrett
Corp common
rower co
Cfttuiicau
Gellman Mfg Co
...2
;
common——-
—...100
preferred—
5 %
—1
—•
common.
General Alloys Co
Ltd—;.
; Araer dep rets ord reg
—£1
General Finance Corp common
—1
5% preferred series A
—10
General Fireproofing common
Gen Oas & Elec $6 preferred B——•
General Outdoor Adv 6% pfd
100
General Public Service $6 preferred—General Rayon Co A stock
•
General Shareholdings Corp com
1
$6 convertible preferred
•
9%
9
9
9
1,900
.1
common..:—1
Geoigia Power $6 preferred
(AC)
common
-•
•
Preferred
Co
Gilchrist
8%
19,900
300
3%
Jan
8% July
1%
Jan
3%
2%
?'&'>!•
v;
8%
7%
Aldeu
—
I'
""
:
•_
.•l
—
_'
•• v—
preferred
Gorham
Jun
106
Jun
Jun
108
Jan
84
200
1V4
Jan
3 V4
3
%
800
2%
Jan
4
Mar
98%
98%
2%
2 %
99
:
no
Jan
104
Apr
—.
^
__
Il-r—w
.
—-
113
111%
■
100
i'v'I
__
—«
\ 19% May
July
21% May
19
1.100
18
2,400
17%
5%
11,000
68
47
625
69%
40%
i;.:
3,200
—
1%
50
50
1%
..
9%
mtm
10%
700
50%
190
Jan
3 % May
24%
Jun
5% July
71% May
48%
Jan
13
Jan
47
July
103
Jun
105-
July
%
Jan
1%
Jun
39%
Feb
39%
Feb
7%
Jan
13% Mar
Jan
51%
22,900
,
Jun
' May
23%
68%
Jan
3 8
4Vt
1%
Feb
17
18
—
19%
12%
22%
47
Apr
47%
47-
47%
250
39%
Jan
50
Feb
pfd—25
—1
24%
23%
24%
1,900
22J/4
Way
26 Va
Jun
Co—
Shops (Cal)—
& Pacific Tea—
Mfg
B
—1
'
7V8 Mar
9V4
Feb
w—1'
8%
8%
200
18 Va
18%
19%
3,700
11%
11%
400
10 Vs
Jun
13%
Jun
92
94%
175
86
Jan
103%
Feb
127
Jun
140
Feb
% July
11%
10%
Apr
20
July
Great Atlantic
•
—100
Great Northern Paper.
——28
Greenfield Tap & Die
•
Grocery Stores Products common._25o
Gul! State Utilities $4.40 pfd
100
Gypsum Lime Si Alabastine
■.... ■-*
Non-voting
7%
common
stock
preferred
1st
Co
Bridge
Hammermill
For
Co
40%
17
19
page
100
35% Mar
42
4,800
10% Mar
9%
22%
600
7%
Jan
Jan
8
*
33
33
11%
30%
•
5
100
100
1
Key Co common.
(Walter)
Co
&
Kings Co Lighting 7%
pfd B
preferred D
5%
Kingston
Products
Kiiby Petroleum
Emil) Co common
Rubber Co
(D
Kleinert
(I B)
Knott Corn common
Kobacker Stores new common
;
Brewing Co
Jun
Apr
12
25%
Feb
Jan
18
76
Apr
52%
25%
Jan
76
July
Jan
75
Jun
3%
Apr
.
5%
12
Jan
15%
Jan
16% May
800
17%
16
14% Mar
Jan
'
•
"vu ~i&
Feb
9%
Jan
7
4%
4%
1% May
17%
;
-
Jun
18
Jun
17%
Jan
9%
1
May
10
Jun
Jan
100
Jan
9
10
9
99
2,100
x9%
9%
100
convertible 1st preferred
4%
May
19
34%
28% Mar
% 8% May
Kresge Pept Stores—
Krueger
119
Jan
13
43%
23
75%
3
1
•
10
1
3
Kirkland Lake G M Co Ltd
Klein
Feb
10
Jun
Feb
114% Mar
10%
Jun
-1
Lake Shore Mines Ltd
Lane
Jan
11%
Jan
23
Class
15%
Corp
Lit
Brothers
(R G) Inc.
Class
Feb
Ji Inc 6% preferred.
23
_
4%
common
Class
A
Feb
Jun
8
Jun
700
4
70
48
19,200
Jan
300
28%
Feb
&
2%
Jan
Jun
Jan
37% May
19
Jun
V
18
900
13%
Feb
300
14
Jan
19
Feb
28
*
27%
Feb
Apr
28
300
30%
4%
1,800
2%
4%
Jun
4%
24
92
—
optional warrants-
9%
Jan
Feb
Manati Sugar
Apr
7
Jun
32
Jun
Mangel Stores common
$5 convertible preferred
...
July
650
18 Vb
Jan
24
10%
Jan
15
Jun
37,200
1%
Jun
2
July
•
8%
175
93
86
*
8%
92
July
96
Jun
525
83 %
July
89
Jun
38%
3%
20%
40
3%
20%
850
8% July
11%
110
4,300
$6 pfd
common
24 % May
4,700
17/b
83
Exploration..—.
Mar
15
1%
i
Jan
24
.
14%
common
Louisiana Power & Light
Corp
7 %
70
16%
21
Chain
Land
Mar
Mar
1%
1
preferred A ctfs of dep
preferred B ctfs of dep;
Louisiana
Lynch
17
32
17
Long Island Lighting Co—
Common ctfs of dep
6%
Jun
Apr
Jan
B
Locke Steel
109%
6% Mar
6%
2
May
13 % Mar
25 %
7%
33%
5%
11% Mar
16%
Co
Lone Star Gas Corp
7%
75
62%
33%
—
—.1
Groceterias
Loblaw
Apr
100
1%
Development
Lipton (Thos
1,800
6%
—
preferred
Line Material
Jan
Jan
700
16
30
7%
Oil
*
3%
6%
62%
Realty common
Le Tourneau
Lionel
9
29%
B
Leonard
15%
3,200
;
Wells Co common
Convertible
4,900
20%
5%
109%
8%
Langendorf United Bakeries class
Lefcouvt
.
5%
preferred
7%
Lane Bryant
27% Jan
12%
19 Vb
19%
Lakey Foundry & Machine
Lamson Corp of Delaware
6
30
see
25
110%
8%
Ltd.
Paper
footnotes
132
40
11%
Lamp
Hamilton
132
17
Jan
110
52% May
5%
119
17
114 Vb May
.
52% May
16
16
Jan
Jan
15
Apr
Mar
53
109% May
—
■
19%
Jan
Jan
50
200
17
..
13
52
30
113%
109% 109%
16%
92
Jun
10
Mfg common
Graham-Paige Motors $5 conv
Grayson
148 %
Jun
3%
:
•
Grand Rapids Varnish—
Gray
Jan
Jan
18
—•
—
Apr
Jan
23%
*
1
50
prior preferred
Consolidated Mines
Goodman Mfg Co
Gorham Inc class A
$4.50
Goldfield
Jun
9%
101
1
—•
Sugars class A
8%
-
23%
18%
1
•
'
May
132
50
143
I'-P.—
Apr
Feb
8%
A
200
22%
22%
143
45
$3
6%
400
-
'
—
18
Jan
•
2.50
Coal
Gobel (Adolf) Inc common
Godchaux
16 V4
——
•r
•
Feb
119
Inc
Ken-Rad Tube & Lamp A
Kidde
'
■
Glen
Kennedy's
50
•
Gladding McBean & Co
Gleaner
Harvester Corp
Kansas Gas As Elec
Jun
91%
:yf:-
•
•
preferred
$5
Gilbert
Jun
92
7%
2%
8%
•
•
preferred
$3
12 %
Jan
7% preferred—100
8
Jan
91%
'
Gen Water Gas & Electric
9% July
July
9%
87%
Gen Electric Co
Rail
July
July
May
Jun
Jan
34
Jun
3%
100
':
7
5% Mar
100
5%
5%
"4
Jun
7% May
3% Jan
1
1
1
Stores
Apr
58
1.25
Distilling
Franklin
Froedtert
Jan
23%
*
*
Brewing
(Peter)
4%
9%
1——
1
bearer
rets
dep
Amer
May
38%
Motor of France—
Fort
Fox
Jun
16
—91
—
14%
3
—10
non-voting
Class
v' 7%
6%
36
6%
Mar
14"%
.
Preferred
Ford
v
15
—J•
Co
International Metal Industries A
Apr
11%
—1
Fairchild Engine & Airplane
1
Falstaff Brewing
1
Fansteel Metallurgical
*
Fedders Mfg Co
—8
Federal Compress & Warehouse Co—23
(Phila)——
Ford Motor Co Ltd—
Am dep rets ord reg
Ford Motor of Canada—
34
Jan
113
Jan
28% Feb
50
Feb
10 'July
24% Jun
46
Jun
—
Imperial Chemical Industrie^-*
Am dep rets regis
£1
Imperial Oil (Can) coupon
•
Registered
.
—
•
Imperial Tobacco of Canada..
8
Imperial Tobacco of Great Britain A
Insurance
Camera & Inst Co
Association
Jan
Jun
May
23
130
—
—
Dividend arrear ctfs—
International Hydro Electric—
Fire
May
May
Jun
May
Feb
July
53
•
'.——80
Illinois Power Co common
International Cigar Machine—
Falrchild
.
28
Mar
3% May
14% Mar
—
Jan
24%
27%
59%
12%
18%
20
40 %
Mar
Jan
May
,
Jun
o
■»,
Jan
37
8
124
Jan
13% May
106%
14% Jan
14
—
—
—
—
—•
—
"
10
21%
45
21
43%'"
•
—1
90
;,\/-r_>v.
44J/a 45%
9
9%
—
300
33%
112
111
21
—.1
•
—
Jan
103% Jan
5% Jan'
18% Jan
19% Jan
33
Jan
9% Jan
Jun
12 %
650
112
109
.
487/a
20%
800
101% 102%
112
Eversharp Inc new common
-
—
■
11% jun
S3
May
'
375
42%
44%
v
—•
...
:
'
.
•
Hydro Electric Securities.
flygrade Food Products——.
15
Inc
Pipe Line
Eureka
•
2,000
325
200
3.700
100
25 J
—
—
33%
"
—
8
—„
Co..—.—
2
--
Equity Corp common
$3 convertible preferred
Esquire
...
'■
8
.
Huyler's common
1st preferred
57%
—
♦
1,225
55%
—
<—:•
800
900
.—
■
—
.100r
3,100
"l%
•••.'
22%
24%
51%
11%
18'/4
20
—
—.•»
58
43%
preferred
conv
—1
purch warrants
Com stk
11
—
—
.
7
'
—
-
—
—
-
Corp
-
•
preferred
Fibre
15
20
__
Ligonier
26% May
14% Jan
11
•
(Harvey) Inc...—
Humble Oil & Refining
20% Mar
18Vi
Inc
(Geo A) & Co common.
Horn (A C) Co common
Horn & Hardart Baking Co. ..
Hubbell
13% Jun
-j—
100
51
'
11-
—•
Hormel
5%
8% Jan
21%
23%
__
—.8 ;
99
55
common
Co
5% %
Empire District Electric 5%
Emsco Derrick & Equipment
—10
Horn & Hardart common.
6% Jan
48% Jan
—; ;
24
Horder's
—
•'
.2.80
common
1,200
7.500
10
9%
—
21 %
Co
36 Mi Jan
'
—0
Consolidated G M—.
4% Mar
8% Feb
29% Jun
15
_—1
Holophane
Jan
100
—
Henry Holt & Co common
37/8 May
V
33%- 33%
__
13%
—
P/4 Jan
4,000 s
600
—
;
High
6OV4 Jun
37/8 Jun
8%
—.
:#'V 15
V'-; —
15
Low
63% Jan
—
—
Hewitt Rubber common
Holllnger
3%
3%
—
12%
:,
—
4
.100
..
56%
2
-
vr
—
13%
—2
common
preferred w w
.
•
f
•
95
56
,
9%
-250
;
•
Co
33'/a
iJiO
Co—
Helena Rubinstein—.,
5%%
.
Range Since January 1,
/
—
8%
—8
Stores common
Mining
Heller
.
\
\
57%
preferred..—
—
Eastern Malleable Iron
Eastern States Corp.——$7 preferred series A—
$6 preferred series B
—
Eastern Sugar Associates—
$5 preferred
—
Easy Washing Machine B
Economy Grocery Stores
Electric Bond & Share common—
$5 preferred
$6 preferred
Electric Power & Light 2d pfd A-.
Option warrants
Electrographlc Corp
——Elgin National Watch Co
x
preferred
High
--
3%
-1
$2.25 preferred.
15,600
3%
2%
eels
trust
Co
95
prior preferred———
4%%
6%
Low
Corp
Hussmann
3Ve
Gas & Fuel Assoc common—
East
Shares
of America B non-vofc com—1
Hearn Dept
b%
for Week
...28
voting
Brewing
Hat Corp
Hazeltine
Hecia
Range
of Prices
Par
Hartford Electric Light
Hummel-Ross
E
Sales
Last
Sale Price
York Curb Exchange
New
for Week
Shares
Range
Last
Week's
Friday
STOCKS
STOCKS
New York Curb Exchange
Sales
Week's
Friday
V
Feb
114 '/a
32
Jan
40
Feb
Jun
May
2 Vb Mar
14%
104
Jan
Jan
273.
jEftjWJJfS;'
TATS?'■
Voliime 162
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4403
EXCHANGE
NEW YORK CURB
RANGE FOR WEEK ENDING JUL IT 13
Friday
STOCKS
York
New
Curb
:'.':v.
Manischewitz
Week's
Last
f»i« Frlce
Exchange
^
For■ ■':/y,/,
Low
(The B) Co.——
•
Mapes Consolidated. Mlg Co
Marconi Internat Marine
Communication
-
Ltd—..———CI
Co
"
.
*
—
.
—
•
•
—.*
—
Memphis Natural Gas common———6
,
„
—
'
,1,000
4%
.—.—....—25o
preferred..
15
100
9% Jan
10% Jan
Overseas Securities.
Preferred..,
Micromatic Hone Corp
Paclfie Cafe Co common.
20
20%
200
14%
Jan
21
Jun
Pacific Gas & Elec 6%
41
41%
500
38
Jan
42%
Apr
38%
500
36
Jan
38% July
-45
144
Jan
Jan
4%
Mar
5%%
1st
1st pfd—25
preferred.,
185
105% 105 %
50
105
May
113% 113%
10
110
Jan
114
Paciflo
8%
1,900
7
Jan
July
Public
pfd—.100
Service.—.—
700
7%
220,000
13%
15%
52,800
8%
Jan
15% July
9% Feb
——..10
48%
48%
33%
Jan
50
1
20%
20%
18 V*
Jan
22
Feb
Plymouth Mills
•
Peninsular Telephone common—
*
$1.40 preferred A.
25
Pennroad Corp common..
1
Pennsylvania Edison Co $5 series pfd.*
52%
52%
44%
Jaif
54%
Jun
25
preferred..
Feb
Jun
Page-Hersey Tubes new common—*
Pan American Airways warants—.....
Jan
Jun
Pantepec Oil of Venezuela Am shs—
3%
5y* Feb
Apr
Jan
110
Parkersburg Rig
7%
Jan
sy4 Mar
45
Jan
49
5'
11%
2%
5%
12%
2%
4,500
550
3,400
12%
19%
18%
12%
21%
18%
1,200
2,300
100
127/e
15%
3%
50
Jan
Feb
& Reel
Middle
West
Corp
__
-—.1
Class B v t .c——.
3%
3%
3%
15%
15%
—;
15%
Jan,
8% Mar
1%
16,800
common—.—
Midland Oil Corp $2 conv preferred—•
..
67/s
Jun
12 y»
Jun
Jan
8V4
1,100
—5
3
*
Jan
3
Jun
Patcliogue
137/8
Jun
$2.80 series preferred
Penn Gas & Elec class A com..—...
Jan
23
Jun
Penn
Jan
23y8May
5
$6
Power &
29
11
Jan
15%
12%
Apr
16
Jun
Penn Water 8s Power Co.
Mar
Pepperell
Mfg
42% Mar
31%
Jan
8%
Jun,
Jun
Mar
82
Mar
51% May
3% Jun
3%
1%
Jan
112% 113%
112
109%
Jan
115 V2
Jun
107%
Jan
112%
Jun
3
Jan
5%
Jun
57
Jan
73%
Jun
3
113%
112
4%
4%
•
70%
Co
Jan
May
47
2 30
71
151% Jan
199% 202
10G
Perfect Circle Co
Jan
5%
4,500
Jun
9% July
78
•
Penn Traffic Co....—
7%
26
Mar
40
7%
25% July
5% July
8% Jan
•
Light $7 preferred....*
preferred
Feb
Jan
Jun
26
1
Parker Pen Co
Feb
Jan
49
Motors Corp
Paramount
Jan
3%
Jun
'
8% July
25%
1st
6
130
100
x22%
.
5%
$1,30
Jan
•
10
8%
.*
Jan
18%
Feb
109
Pacific Power & Light 7%
Feb.
18
Pacific Lighting $5 preferred....
13%
25
38
..——25
Jun
Jun
12%
91
250
9,600
119%
—;
.
Middle States Petroleum class A vtc.l
Jan
18% May
Jun
95
12%
10
—
7% July
10
Jun
512%
2"%
■
Apr
Mar
—
Michigan Bumper Corp...—1—
1
Michigan Steel Tube—*.—.—
2.50
Michigan Sugar Co.*—.—.———•
Jan
6
Oliver United Filters B.
.
High
35
Jan
Jun
12%
2,000
,r -
__
29%
2%
12%
3%
——————1
Cow
700
34%
12
Mar
1,100
106106
4%
4%
6% Feb
-7% Mar
36% Mar
;;
'50
900
80
17%
Bang* Slnee Jann*** 1
High
33%
v.
29
Jan
7% Mar
—
■
Low
84
Oklahoma Natural Gas common
1:
95
HVa
for Week
Shares
of Prices
Apr
8% Jan
Metal Textile Corp
Participating
Jan
21
900
t
-
——100
A preferred——
11%
16%
Warrants
•6%%
Messabi Iron Co
6
; 800
:
43 •
43
14% 15V4
183
185
5
5%
125
125%
Scott—16%
Chapman
Mar
600
*
2
10%
\
"-C.
common—.
Mar
38
-Sales
Range
Last'.
Sale Price
Omar Inc
.
1%
11%
11 %
43* 14%
Corp common.
$2.50" preferred —.....'
18
Jan
—
11%
11
—
McCord
Merritt
—
—
1%
11%
*
Massey Harris common
_————* •
McColl-Frontenac Oil Co 6% pfd—100
Mar
33
:
Week's
Friday
Curb Exchange
High
r
17
—
1 "
—
Mass Utilities Association v t u——1
Mercantile Stores
'
—
—
Marion Steam Shovel—11
—
Low
'
Margay Oil Corp—.—.—.—.—* :
McWilliams Dredging
Mead Johnson & Co
New York
Bangs Sines January 1
'
High
—'
;
-
>
STOCK8
Sales
for Week
Shares
Bangs
of Prices
-
•
•""
210
Jan
35
■'
41
,
Jun
18
July
•
Midland Steel Products—
,
$2 non-cum dividend
shares—.—*
29%
.
Midi ale Co common—————*
.35%
Abrasive—.—...50
Midwest Oil CO-.----——10
Mldwsst Piping & Cupply-—--b—iJ»
Mid-West Refineries
1
Miller Wohl Co common....^..;
1
5% conv pfd
—
--50
Mining Corp 01 Canada—
-—*
Minnesota Mining & Mfg—
•
Minnesota Pwr & Light 7% pfd—.100
Missouri Public Service-common—*
3%
Mid-West
-
\
,
29%
^
.
;
.
,■
16
3%
16%
—,
50
50 ¥2
3%
3%
5%
70
30
Jan
39
3%
Pharis Tire & Rubber
Feb
Philadelphia Co
Jun
Jan
liy4
Apr
Phillips Packing
35 Va
Jun
Pierce
Jan
3%
Feb
Pioneer
200
16
July
50
July
1%
Jan
Gold
13%
pfd—
Co
16% July
Pitney-Bowes Inc
&
5%
76
Jun
Pittsburgh & Lake Erie
Jan
115
Jun
27
Jun
Pittsburgh Metallurgical
Pittsburgh Plate Glass
Pleasant Valley Wine Co
Plough Inc common...—.....
15%
4%
9%
2%
—-
.
;
—186Power—• , —
partlc pfd.
..*
—
Mountain
Jun
May
*-
18% Mar
22
Apr
38%
44
Jun
42%
25
2
7%
28%
2%
7%
29
4,400
2,300
250
..
..
..
Jan
Powdrell
&
Power Corp
1%
Jan
Feb
Pressed
Jan
9
Apr
Producers
Feb
30
July
129
May
134
Jan
Providence
18
Jan
26
Jun
Public Service
2%
17%
17
19
13%
300
Jan
10
17
Jan
17%
Jan
97% July
May
Feb
—
3
National
National
Navarro
-
3
2V«
—
—
^200
19%
19%
11%
21
14%
9%
21
13%
11%
1%
1
5%
1%
20%
15%
6
Nelson
(Herman)
—'
Corp—
—
*
5
Neptune Meter' class A——.———*
Jan
23
Jun
Jan
12 y4
Feb
Feb
Jan
21
11
Jan
16
10
13
9
9
"79%
.
76%
80%
13
.
.
.
Nestle Le Mur €0 class A——.——.*
8
f
--
6%
Associates——*
.
.
100
preferred!.
New
England Tel &
New
Haven
Tel——I—I—100
.123
-•
Clock Co.
26%
May
38
Jan
Jan
9
;
Co
2% Mar
6%
48
Jan
Apr
110% May
May
11% Mar
14y2 Mar
7%
10%
Jan
Feb
New Idea Inc. eommon
„
.
_
.
Zinc.
New Process Co common————*
•
•
'-''v-,.'VV
■_
N Y Auction Co common—....—*
N
N
N
.
80%
Jun
25 Vz
Jun
'
I-'V.
•
i"
Jim
20%
v 63
-
Jan
Mar
2% Mar
40
Mar
"28% May
70% Mar
5%
48
Jun
Jun
: -} V
36
—
Jun
31
x5
—
„
—
Jan
6%
22
Feb
Jan
'
300'
—
Mar
12
—
—
35
124
Jan
3,100
1—
Feb
14%
75
C'].
35%
110%
-
48
,
9% Jun
300
1,000
5% '
—
—.—10
Merchandise.—
Y
N Y
667/8
__
.
Y City Omnibus warrants——
Y & Honduras Rosar*0—
..—10
Jan
Jan
'
65
4%
48
*
5%
6
63
170
—
—
...
—.—....23
New Mexico 8s Arizona Land..——.1
New Jersey
200
4,125
1
30%
16%
•
Apr
Jan
37
Jun
23% Mar
Shipbuilding Corp—
Founders
————1
shares
18
N Y State Electric & Gas $5.10
pfd.100
N Y Water Service 6% ?pfd——100
Niagara Hudson Power common—...10
6%
1st preferred..
.100
5% 2d preferred—
———100
Class B optional warrants——.—
Niagara Share Corp class B com_.—5
Niles-Bement-Pond
:
Noma
———5
Mines.
North Amer Light 8t Power common..l
$6 preferred..——
—.——J•
North American Rayon class A—.—*
Class B commoh—————*
8% prior preferred..
—.50
North American Utility Securities.
*
Northern Central Texas Oil
Northeast
North
Airlines
Penn
RR
—
5
—1
—
50
Co—
Northern Indiana Pub Serv 5 %
pfd—100
Northern Natural Gas—..——.20
Northern States, Power class A—.25
Northrop Aircraft Inc.—
No^adel-Agene Corp
—1
•
94
i«
__
15%
8%
15%
—
-
1
Electric—..
77
104
96%
1
Nipissing
107
6%
7
104
•
Nineteen Hundred Corp B—...
107
77%
4%
130%
130
7%
106
52,500
3 %
Jan
1,700
89%
Jun
96%
V2
8%
650
2,700
4,300
82
Jan
16ya
1,800
—
,'
100
•
—
2%
22%
23%
4%
130% 131
7,400
—
—
—
__
—
_.
—
150
..
—
..
—
38"%
17%
8%
..
13%
Feb
90
May
7% July
106
July
97%
Jun
% July
8%
Jan
17 y8
12% Mar
'
141%
5%
300
17%
6,100
..
..
——
..
—
37%
38%
600
17%
17%
1,800
8
34
8%
34
4,400.
100
Ohio
Brass Co
class
Ohio Power 4%%
B
For
footnotes
common.—*
preferred
Ohio Public Service 7%
6% 1st preferred..
see
—
4%
1,400
28%
28%
50
117% 117%
20
Apr
Jan
110% 111%
30
273.
Jun
1,800
12%
Jan
6%
Jan
11%
Jan
40
10%
100
36
100
Jan
31
1^ Jan,
6,400
1%
51
Prosperity Co class B.
Gas
—
13%
—1
•
—•
Corp of Nevada
22
Jun
Jun
1%. Mar
Jan
73
Mar
12
July
•
Mar
12
1
%
1,800
10,200
14%
l'/a
100
12
Jan
15% May
1% Jun
10%
Apr
13%
8% May
—1
of America
Metals
22
•
9%
Jun
Feb
of Colorado—
—
Puget Sound Power & Light—
Common
107%
100
1st preferred
7*% 1st preferred
———
:
112
May
111%
Jan
17%
109 V2 109 7/b
14%
Jan
17%
Jun
Feb
110%
Jan
16%
17
109%
18%
107
16%
18%
Jan
13 % Mar
13% May
10
Pyrene Manufacturing—.
Apr
X115%X115%
;
—10
—
118% Jun
19
Jun
18% May
17% Jan
Jan
Jan
164
13
Jan
Jun
90
156
76%
Quaker Oats common.—
6%
preferred
Power Co—.
Quebec
Jun
14%
Jun
19% Mar
iy8
121
Jan
Mar
Jan
26
Jun
5% May
136
May
43% May
36%
Feb
43
May
53
Jan
56
Mar
1 %
Jan
Jan
61/4 Jun
7% Mar
11% Mar
18% July
99%
Apr
106 %* Jan
34% May
14% Mar
6% May
26% Jan
105
Jun
IIO1/4 Mar
40%
Jun
19
Jun
9% Mar
35%
4%
22%
Apr
Jun
Jan
5% Mar
31
Jun
li7% Jan
116
119% Mar
Jan
110% July
Jan
15%
Jan
31 %
325
33
100
22%
33%
10
18%
19
Railway 8s Utility Investment A—....L
Rath Packing Co. common.
—
10
30%
33
54%
54%
common.
Raymond Concrete Pile common..—..*
$3 convertible preferred
•
Raytheon Manufacturing common..50o
Red Bank Oil Co..—
Reed Roller Bit
*1
2%
2%
25
25%
—.5
18%
Radiator..
2%
4%
5
1%
1%
105%
1%
Ronson
Root Petroleum
18%
Jan
%
Jan
105%
Jun
Mar
1%
Feb
6% May
1% Feb
30
14%
300
14
14
17%
16
/;:■
7%
7%
1,900
22%
22%
—
22ya
——
—
'
—
700
'~'T
19% Jun
18%
Feb
22%
Jan
17
Jun
4%
Jun
8% Mar
19%
Jun
Jun
18%
Feb
25
18%
Jan
19% Mar
Mar
12% Mar
11
—
Jan
6% Mar
«
$1.20 convertible preferred
May
Jun
2%
1,600
7%
Co..———
4%
May
15
Apr
12% Jan
100
4%
109
Jan
17
200
18
16
17%
"4%
———
Jun
12
19%
common—
Rotary Electric Steel Co
Royalite Oil Co Ltd
Russeks Fifth Ave.—
Jun
25
% Jan
3%
1,300
105% 106%
Art Metal Works—...—
Roosevelt Field Inc
Feb
3%
Jan
:
rets for ord reg—
Rome Cable Corp
23%
Jan
•
Rolls Royce LtdAm dep
Jan
May
14%
300
4%
Jun
26% Mar
9,700
2,100
1
Feb
56
19
50'
18%
23%
1%
1
Jun
'
18%
1%
Rochester Gas & Eleo 6% pfd D.. ..100
Roeser 8t Pendleton Inc——
2%
42%
Jan
24
400
"l%
Rio Grande Valley Ga& Co v t O—
Jan
Apr
18% Apr
1% Mar
11,600
——
—
Jun
52
4,600
22
25%
20%
30% July
20
23
•
Richfield Oil Corp. warrants^
Richmond
20%
20%
—•
Co.—
Reliance Electric & Engineering
Rice Stix Dry Goods
Jun
1%
300
1%
Railway 8s Light Securities
Voting
2
8,600
1%
1%
Radlo-Kelth-Orpheum option warrants.
"8%
Ryan Consolidated Petroleum
Ryerson 8s Haynea common.—.
"4%
~9%
5,400
6%
500
Apr
6Va Jun
10%
6%
"*8%
Ryan Aeronautical Co......—,
9
Jan
3% Mar
4%
Feb
Jun
6%
Jan
3%
4%
1,000
3%
3%
24%
200
2%
Jan
3%
1,125
16%
Jan
27%
Jun
7%
Jun
S
Feb
113% May
....100
1st pfd—..100
.—.100
page
4%
5 Va
1%
1
St Lawrence Corp
Class A $2 conv
St Regis
Ltd.
pre!—.
23%
50
7
Samson
Savoy
Oil Co
Schiff
Co
—
common—
—
Elec
115% Mar
7
6%'
2,700
3%
3%
800
—•
32%
33
4%
7,100
4
200
85%
...
87
250
40
..25
pfd_
*
Scranton Spring Brook Water Service—
$6 preferred
—
*
Scullin Steel Co common..——.*
Manufacturing.—
15,000
6
(D A) common—...—..1
Convertible preferred.....—......25
Scranton
18,900
8V4
—5
Schulte
Scovill
7%
5% Mar
7%
Paper common—
—5
Oil Co—1
United Corp common.——1
Salt Dome
41
500
48%
— ——..
3
12%
Convertible stock——.—.
16%
Inc.
Sentry Safety Control
Jan
70%
Jan
34% Mar
Jan
10% Jan
48%
3ya
12%
13%
22
2
16%
100
5,700
800
50
2%
9,800
17%
1,500
42% Feb
2
Jan
9%
Jan
Jan
19
10%
Jan
8%
Feb
4%
38
1
Feb
May
4% May
80
Jun
41'
July
114
Jun
114
14%
May
Jun
8% May
50
Jun
3% Mar
14ya
22
Jun
Jun
Jan
2%
Feb
Jan
19%
Apr
82% Mar
92
1%
12
89%
Allotment certificates—
B)
2%
22
9°
—_—.—1
—1
7%
90
90%
400
83%
92
90
Jun
Jun
19%
$5.50 prior stock—
(R
3%
4% Mar
~2%
Semler
Jan
22
88%
98% 104
13% 14%
Securities Corp GeneraL
Seeman Bros Inc
May
5% Mar
3% Jun
•
lll%Mar
$6
Selby Shoe Co—...
...—.,
Selected Industries Inc common...
.4
Jan
10%
*
Segal Lock & Hardware..——...
Seiberling Rubber common.
—.
Ogden Corp common
Jun
Mar
3%
36
—•
Jun
2%
2
>
19%
17%
400
4
Jun
5%
5%
16%
__
16%
6% Mar
"35%
—
21% May
110
T^r Jan
2,200
4%
Jun
64% Jan
500
—
-
16% May
107
107
•
78%
2%
•
23
-i
400
19
Jan
Jan
4%
21
——5
—„—
14% Mar
8% Jan
400
121% 123%
26%
26%
200
July
21% Jan
New England Power
Jan
800
5
Jun
5
100
400
10
13
8%
9%
20%
142% May !
6%, Apr
140 Va
Feb
19%
16%! Jan
11% Apr
1% Jun
9% Jan
~
—
Apr
78% May
Jun
14%
r-
Jun
Jun
8%
107
6
Jan
14% Mar
117
Jan
6%
Feb
24
,
300
200
1,900
44%
39% Mar
11
16,000
100
100
1,700
12%
1%
3%
38
20 % May
1,000
12%
0%
21
14%
Jun
33% May
Nebraska! Power 1% preferred.——100
Nehi Corp 1st pfd
Jan
25%
39% Mar
—
—
12%
—
Jan
10,000
—
19%
-v
—•
Steel Car Ltd
*
Transit
12.50
Tunnel & Mines common.."—1
Union Radio——
-30O
Oil Co—..,,.
National
23"%
—
National Rubber Machinery..
National
23%
27/e
—
•
National Bellas Hess common—.!
National Breweries common.—.—*
7% preferred ———
—25
National Candy Co common——..—8%
National City Lines common
500
National Fuel Gas——————'•
National Mfg & Stores common———*
National Refining common
1
50
11% July
Feb
64%
720
17
Apr
Jan
13%
$5 prior preferred
•
Puget Sound Pulp 8s Timber——.—•
Pyle-NaMonal Co common...——5
N
Nachman Corp
3%
x8%
.
16 %
Alexander
6%
89
Ring.————.3%
Jun
Jan
6% July
4%
6%
Muskegon Piston
10%
37%
5
5
of Canada.——
Pratt & Lambert
24%
200
2,100
73%
138
140%
Premier Gold Mining
Prentice-Hall Inc common
42%
23
2% Mar
193
—
Jan
Apr
Jan
Jun
179
20
6
11%
72%
—
Feb
—
22.
107/8
May
4
common.
Polaris Mining Co.—
12
186
23
Murray Ohio Mfg Co——————
Jun
Pneumatic Scale
Jan
—...
5o
10
States Power common
•
States Tel8t Tel——--—100
Jun
May
Feb
2
7%
28%
Moody Investors
Mountain City Copper common
Mountain Producers—-—
4%
25%
17
...
2%
186
••
12% July
Feb
7%
200
16,100
7,100
5%
...
10%
—
Montgomery Ward A
Montreal Light Heat &
Mountain
3,600
1,400
200
4%
10
2%
18
Apr
9%
11,200
2%
Jan
9%
3
13
600
12%
4%
A————1
Dakota UtiUties—.———10
Monroe Loan. Society
Montana
15%
11%
12V4
1,000
6%
11
72%
—
—
Mojud Hosiery Co Inc
2.50
Molybdenum Corp
—-—\
Monogram Pictures common———1
51/2%
conv
preferred
10
10%
32%
6%
11%
Jan
13
32 Va Mar
L E RR—.,.
Mar
68
106%
14% July
Jan
43
Piper Aircraft Corp com.
Pitts Bess
Jan
30
10%
"e%
—.
50% July
6% May
;;
Jan
11
125
1
13%
32
32%
10%
common.....
Mines Ltd
11%
300
1,800
16%
13%
31%
common..
Governor
15%
15%
—
Phila Electric Power 5%
4
Feb
325
7,600
275
40
May
•
Jan
8%
27
--
70
113
69
113
—
,
Mar
2%
1,200
57/s
5%
26
28%
50
600
700
700
35
36%
3%., 3%
9%
9%'
19%
1%
200
14% Apr
21%
Apr
2,300
^ Jan
2%
Jun
1%
150
Jan
^a«gia«&¥gl»Ma
iii-4
binm#.*Mj «i ui-wuf
a'- ft,*Tteft^i«w.yvii/ffr'okditi
iy*mu#»i}M!jw-rti« ««)<»> »■
NEW YORK CURB
B T O C K 8 a
'
• •
■
:Y:. .!;
■
*
,:
Week's
Range
Friday
Last
Curb Fxchangt
York
New
JULY 13
•
LOW
High
Low
.•!"•'
par-
~f\v.'vZ2V
Serrick Corp class B
Seton Leather common
12/a
,
5
O
Mining
Power
Denn
tjttanucfc
Bherwin-Williams
109%
-2S
100
common
preferred—~
Sherwm-Williams of Canada
Slclc's Breweries Ltd
,.-4%
Co
Silex
.•
;
'
Jan
57/8
18 ya
102%
Jan
121%
114%
Jun
20%
Jan
—
—1
100
common
Pattern
--
Aircraft Co.
Manufacturing
Solar
SOlat
Boss'Manufacturing common
South Coast Corp common
Penn
—
8A
3%
»
5
bpoimex
Brewing
preferred
Convertible
preferred—.
$1.60 convertible
(Ky)
Oil
Standard
Products Co
Silver Lead
Standard
Tube
Standard
class
B
Feb
Jan
46
May
30 V*
Jan
& Co
(A)
common...,
200
Bros Stores
1%
10
81%
.
Sterling Brewers Ino
Stetson
wr.mnes
(Hugo)
1
Co common.
Jan
99
July
Jan
135%
Jun
Apr
11
Jan
9%
Jan
10%
Feb
Drug
..:,
»
25
12% July
170
x51% Apr
500
250
3%
1,000
100
;
11%
%
3'A
67/a
4,400
n%
300
11%
11%
'
x8%
7%
Finch
Oil
•
16%
!g
16%
400
•
;
68
Apr
54% May
Feb
/' 16
14%
/
Jun
6%
Feb
Feb
9
July
18%
Jun
Jan
class A
Texas
Va
Jan
25%
Mar
"* Apr
14%
&
Western
Maryland Ry 7%
Westmoreland
1
•
T(?xas Power & Light 7%
Oil
Texon
Textron
52%
July
Feb
12%
Apr
&
Allied
Tobacco
Security Trust Co Ltd—
dep rets ord regis
Amer
Amer dep
Tnrlrl
Jan
4,200
Jun
26
Jan
38
14 Va
Jun
7% Apr
12%
Jan
Edison
6%
35
13%
1,100
10
10%
800
350
9%
61
40
67
5%
67
Jan
July
3% Jan
6% May
12% Mar
13% May
1% Mar
300
57/a
(R
Williams
1%
1%
•
2
100
l7/a May
71% Jun
107% Mar
550
91%
87%
91%
....
5%
13%
29%
•'
Jan
Jan
is
,
preferred—.—100
preferred
:
Tonopah Mining of Nevada
—1
111
-'mm'**!'.
'
•
Trans
Lux
11;
Corp—
Transwestern Oil Co
Tri-Continental
10
4%
2%
1%
'
91% July
1
C)
&
Products
6%
Jan
113
48%
45
warrants—..
1%
135
Feb
30%
29 Va
30V4
300
28
Jun
30 %
37%
37%
38
150
27%
Jan
40% July
imim '
_
■'«—
——
•
.;!
19
164
3,800
15%
convertible
—Ill
«
preferred
9%
9%
14
14
.
.-9%
14%
..
12%
150
1
15%
Jan
11%
Jan
Jan
pfd
11
*
.»
Uhexcelled
.Trryintt
Union
f:Uhion
op
111%
5
Jan
6%
Feb
."
9
\
1
Jan
8% Mar
11%
Jun
Jun
12%
Feb
11
~4 %
Ltd
•
~4& ~4%:
Jan
15
May
3
Jan
4
A Jun
4,700
Week's Range
Friday
Interest
Exchange
Curb
York
Last
Sale Price
Friday's
or
,
Bonds
Range Since
Sold
Low
January 1
No.
Bid & Asked
Low
of
debs
1950
J- J
f
debs
I960
J-J
$108
109
s
f deos
1970
M-S
109
109
109
2018
J-J
108%
108% 108%
1961
1970
2024
J-D
2%s
s
Amer Pow
Lt
&
Writing
deb
Paper
Elec
Appalachian
6s
6s
3%s
Pow
Appalachian Pow deb 6s
&
Gas
102%
A-0
—1948
AConv
deb
4%s
1949
5s
1968
5%s
1977
1955
129%
92 Va
12
29
42
40
38%
40
137
29
42%
39%
40%
71
29%
39%
39%
39%
69
29
40
M-S
1964
40
40%.
6
29
18
99
M-S
5%s A
City Elec 3%s
v..
Aircraft
8%
8%
2.800
3'A
3y»
3%
800
6%
6Va
6,800
Jan
12% Mar
Feb
■
2
Apr
15
i
•
103% 104%
106% 106 %
104%
12% May
147/s May
j
I
5% Mar
2%
4
Jan
V<j Mar
6s
6%s
Bickford's Inc
!
2%s
Edison
Boston
105%
2
14%
15%
111%
113%
$118
120
119 Va
121
$175
185
170
180
A-0
$112
114
111% 111%
79%
1954
M-S
79 Ve
1927
.1.952
M-S
87
J-D
1955
A-0
F-A
—
t A Chicago Rys 5s ctfs
Cincinnati St Ry 5%s A
series
Conv
B
;
Service Sis
deb
5s_
Debenture
5s
Debenture
5s
79%
79 Va
;
85%
95
87%
105%
58%
59
85 Va
191
82
;,vi84%
102%
46
V
81
112%
43
68
series
102 Va
V• 7
101%
103
104
104...
3
103%
106
105
M-S
v:
105
1954
A-0
1958
F-A
105%
104
105%
103%
106%
—
104%
106%
2
106%
110
1
106%
109%
20
103%
105%
120%
124
24
103 Va
106
2
-
106
107
J-D
J-J
$105
A-O
1971
1969
1970
105
104
104 V2
103 %
31
11
fc 104% 104 7/a
104%
A-O
107
*•
(Bait)—
N
1st
ref
ref mtge 2%s
mtge 3s ser P
Consolidated Gas
12.800
ser Q___
Cigar-Wlielan
'United
mtge 4%s
Continental Gas & El 5s
Delaware Lackawanna & Western
Elmira
,
108
6'/2 July
Jun
8%
v
Jun
9% Mar
Feb
Feb
71
4s
mtge
Un'ited Gas Corp
V*
ZIZIIlO
common
; United Light & Raiiways
'United Milk Products.
$3'participating pre/erred..
United Molasses Co,Ltd—
''Afher dep rets ord regis
7
13'A
13%
13%
76
75 Va
78%
44
75'/a
45%
47 Va
29
45%
1956
2030
M-S
101%
101% 101%
53
101%
F-A
107
5s._._
& RR
1956
M-S
18%
Residential Mtge Bank—
Finland
5s
stamped
Pub
1969
—1953
5s_
Serv
United
Profit
Sharing
'-i'
10'to
United
"
1.
preferred
Shoe
$100%
$73%
19
44
Jun
90% July
common
25
Jan
Jan
1% Mar
9
May
7%
286
2%
11%
Jun
Co—
Power
Illinois
,
25
United Specialties common
...
1
12.
Seivice 5s..
& ref 5s
1st lien
fr
...—
^International Power Sec—
Feb
76%
975
73% July
81
May
150
44
50
Apr
series
A6V2S
A6%s
(Dec
C
1
V
12%
300
Feb
9
Mar
14% May
A 7p
U.
Foil
Co class
8, Graphite
U S
and
$5
U
S
U
s
B
...1*
International
1st preferred
Radiator
12%
Securities
with warrants
^
common.
11%
12%
2,300
13%
8
common..
14%
150
1%
...•
1
88
86
1%
200
88
425
United
Stores
common
50o
"2Va
"2%
2%
2,500
United
Wallpaper, Inc
2
6V3
5%
6%
12,600
,
Rubber
Reclaiming.,
For footnotes
see
page
7%
7%-
•
273.
8% Mar
13%
Apr
iy8 Jan
83
Jan
13'A
Jun
20%
Jan
2%
Feb
91%
Feb
4%
Jan
9% May
1%
-7%
800
77%
104%
106
104%
—
105
105%
Jan
4
H Jan
4%
Jan
(Aug
(July
A7s
:o
102%
103Va
6
102%
104% 104'A
4
102%
104%
8
106
109
,;;,y
30
60
62
6
28%
63
60
60
1
37
60
60
60
6
31
63
60
■
-
coupon)
1952
coupon)—1.
F-A
•'
—'
1952
Jersey Cent Pow & Lt
''
60
-
■
100%
86 %
1952
J-J
1963
J-J
3%s—...—
1965
—
WU
J-J
6s—
6s
Sunerpowei
■
J-J
1957
5s—,1—
M-a
103%
61%
60
6
37
60
$60
'■
•
.
.—1957
:
1941
Power
Debenture
Altalian
1941
F
series
Interstate
1957
'
103 Va
J-D
1955
'
102%
•
m-n
1958
coup)..
' '
103
v
—
.
F-A
v
•
103
'
•
'V -'v
E—
series
A7s
A7s
'
U U
106%
1041/4
106% 107%
•
j-j
"
—
1941
1963*
,1970
3V»s—
L
Indianapolis
47
P
"•
1950
Jan
74%
12
67
—
'
Preferred
107%
92
75%
-
45
107%
104 V*
M-S
1957
ref 5%s series B
1st &
Jun
46
76%
$105
89
103% 106%
101% 102%
__
$105
A-O
124%
Jun
Jan
A-0
108
124 Va
105%
106% 106%
J-D
J-J
50 %
103
104%
107
J-D
80%
104
$104
—1963
Pow 3%^:
■
45
—'
...
$106% 107%
F-A
—1953
Feb
275
10
Machinery
$47
J-J
Green
Mountain
12
$102% 104%.
>
Quantanamo & West 6s—
.1958
Hygrade Food 6s ser A
...Jan 1949
6s series B
Jan 1949
Indiana
400
105%
J-J
Grocery Store Prod 6s_
14% Mar
6%
25c
105% 106%
J-D
■
77
86
Jun
13% July
100
A-0
1948
—1950
1950
3%s A
Power
Gatineau
'
Unitfid NJ RR & Canal
$83
1961
;
Jun
Jan
14,200
—
Jun
38
18%
•
'A
26
9%
:
104
67
106% 107 V*
$127
110%
Apr
Jan
Jan
86
18%
"
5s
& Light
Power
Water Lt
104% 105 Vy
45%
AGeneral Rayon Co 6s ser A_;
3/64
»
.
M-S
General
Apr
95%
•
..
123%
$123
M-S
....
15% July
31,800
4.000
..
1993
B
ser
26
20
108
A
;
.'.y, '
105
105
—
7'% May
20
•
Upjted Elastic Corp
jvy
1993
mtge 4s ser A
Electric
Feb
Stores.
warrants
corp
■
RR—
of N J Division—
Lackawanna
West 4s
Great Nor Power 5s stpd
t^;$5; preferred
''uhit'ed
107 Va 107 Va
J-D
(Bait City)—
Gen
Jun
Jan
22
—•
90%
102
'
1969
Lt & Pr
Gas El
110%
104 Va 104%
104%
J-J
Jan 1966
1950
1958
A5%s
6s
V
J-D
1970
Grand Trunk
.
43%
108%
Q-F
..1948
{ACentral States Electric 5s
4
Apr
59
14%
43%
108 V4
M-N
J-D
—1957
.I960
1998
1962
series B
C
Bethlehem Steel
10
7%
I.ll00
Products
United,Chemicals common...
43"%
•
Jun
7
«
~~~*
Stk Yds of Omaha
TTjiitpd
8%
,6
101%
of Canada—
Telephone
5s
123
72
F-A
M
27
:
109%
39%
A-O
series
111%
40%
F-A
1st
103%
108%
39%
39%
J-J
1950
AConv deb 5s
5s
100
"e
99% 100%
J-J
M-8
4%s
Bell
105%
Elec Co—
de,b
deb
110%
19
127% 128
AConv
A Debenture
108
107%
109%
109
104
106%
>'i.: l
$100% 102
J-J
——1953
4%s
Elec
Associated
Eastern Gas & Fuel 4s ser A
10
Co
Canada..
High
101%
102% 102%
f
s
3%s
3V4s
59% May
Apr
7%
600
300
j
Manufacturing
Jun
xlO
3%s
Consul
5%
Jan
12
100
Investment Co
Jun
Jun
American Gas & Electric Co.—
Jun
U
Corp...
Feb
110
■
Cement
Jun
13
6
t
•
High
1st
Udyllte Corp
Realization
Feb
•/•2f. -V Jan
13%
•
Co
Hargreaves
1st
.Ulen
Jun
147/a
Feb
14% July
100
12%
10
15%
Period
May
2% July
Jan
■
■
...,
Tung-Sol Lamp Works
Jun
Apr
21
May
12
,1
^
.
BONDS
117
Jan
4
.
i, 1,400
1%
1%
Feb
May
14% July
•
Inc
Portland
New
112
May
35%
1,600
5
4%
45
6,500
Inc
Trunz
80c
:
May
20
1 =-*f*Y
1st
1%
35
Mar
'
7%
Jun
5% July
.
Jan
4%
in
..
1,400
Jun
Jun
114
"
;
400
57/a
13%
14 Va
Mar
/'V 3.
600
—r
Woodley
Cities
/'i)
•
17
1,200
8% May
Jan
Jan
Mar
Jun
Jan
30%
mrnnmrrnrn
def reg
recs
Shipyard* Corp
Toledo
fl'/a
13%
67
j
Jan
Jun
Jun
121
30%
33%
~5%
Exports.
Feb
Jan
Jan
28%
•
Stocks
116
■
33%
25%
::
Jan
10%
—1
Jan
6%
13%
....
>i: -:' 7%
Jan
20% Mar
12%
33%
common
Product
Tobacco
!.«
300
8
7%
28 Vt
Co
Realty & Construction
Tobacco
600
2,100
~7%
& Land Co
Roofing Inc
Tishman
33
22
i v'-r"'.; —Jm.
Inc
Shovel
Thew
Tilo
32%
21%
iiioo
pfd
5%
27%
200
6%
6%
33
21%
common
5%
13%
::
•>
5%
32
30
1st pfd__100
River Oil Corp
Wichita
Atlantic
Tampa Electric Co common
5
10
650
.
.
lnc
Assoc T & T deb
Taggart Corp common
i
•
4—5
Western Tablet & Stationery com
Coal
AConv
Technicolor Inc
Jun
107
100
29
4%
31
1.28
—
Coke
Westmoreland
I Associated
20
Jan
10% Mar
l|
Jan
14%
400
/.
.
14
— -
27
—8
Utility $6 preferred
Coal
::'b»
■
•
._
Mills
We.ntworth Manufacturing
West
8
V/„
■
,•
_
Knitting
West
Arner
19%
48
Apr
12%
Mar
Jun
475
Apr
82%
Jun
11% Mar
100
14
ion
Class B_L__
Wayne
July
31%
..'"'•'475
6%
Jan
Jun
Jan
18 V8
Jan
9%
Jun
Jan
52%
137/s
Wright
12
52
Jun
11,800
Jun
Jun
23%
I7ya
52%
Y 17%
98
:
1,000
12%
5
11%
900
3% July
17% Jun
22%
3
Feb
3% July
Jan
500
150
31
21
5%
11%
a
10%
1,200
30%
22%
92
50
10 Va
Jan
1%
Jan
;.rv-"
98
,
Feb
1,800
1%
10
13%
14
50
3%
900
•
84
97
98
Jun
3%
10%
10
22%
18,100
16
.
Waitt & Bond
■
6% July
Jan
4% May
3
16%
\q%
„
V
Corp
3%
Jan
200
31
;
%
Jan
300
9
Jan
Jun
5%
•
common.
1%
Apr
11% Jan
—
13%
5%'
__
7%
July
137/a
"
—
—
Jun
800
'
"
10%
18
15
1
$3.30 "A" part——
1%
53'A Mar
v
Jun
80%
10 Va
10%
—
4%
Jan
Petroleum
Woolworth (F W) Ltd—
American
deposit receipts
145
3%
61
50
Mar
Woodall Industries Inc
Mar
Jan
2%
100
68
Jun
3
65%
Jun
207/a
;Vf' V* Jan
■
Portland Cement—
s'"Class1 "B"
Jun
Jan
105
60
1,700
3%
Jun
31
1,225
'
•
preierred
Winnipeg Elec common B
Wisconsin Power & Light 1%
16% Mar
..
7%
Jun
114
-fx Jan
A Jan
6.100
3%
WagDcr Baking voting trust ctfs ext..*
Willson
5%
Jun
3%
•
Feb
25% July
Jan
108
125
Co
Feb
36
Jan
18%
3,900
%
68
Jan
27
Jan
Feb
24
Jan
1 2,700
4%
78% '
13%
1%
Jan
21
550
10,800
'J 6
■
27%
9%
1
6%
Mar
9V4
4%
76-
5Vo
III
preferred
Petroleum..
Aircraft
Wolverine
3%
•
17
2,100
6%
Feb
26
Jun
7% July
Jan
9%
10c
—1
:
4%
78%
1
Weyenberg Shoe Mfg
4lA May
13 Jan
100
138. 142
16% 18
6%
5
1,700
7/a
^4
107% 108
1%
1%
1%
1%
—
14%
64
'
4%
4%
23% 25%
20
20%
20
•
Co
200
1A
1/4
23% 24%
34
3o A
4%
6
Machinery
Rav
Superior
400
61%
6/a
,
34%
35%
•
Corp
(S) & Co common
Sullivan
.20
1
1
1
Jun
2% May
Jan
134%
iSiy
12 /a
*
' 61%
—
50
5^ 2d preferred
———
Sterling.Aluminum Products
lnc
(J B)
12
<
7%
1 1
common,
1st preferred
317/a May
31'/a
29% Mar
400
—
--
—
•
„•
.
Jan
4% Mar
21%
Manufacturing
Waco
Feb
32
41%
170
99
99
—
1
Steel Co of Canada
Swan
49 V*
May
27
4 /a
10
Corp voting trust ctfs__1
(The)
Starrett
.
5% May
4b
2 A
__
Preferred
Pun
Jan
3V2 July.
Jun
—
43
...
Common class B
.Standard
Stroock
4
42%
400
'
Apr
16% May
W
9'/a
600
1,400
29
Mar
Jan
31% 31 h
100
11%
—*
•
138
1
18
1
H
(Ohio)—5% pfd
Standard Power & Light
—1
Standard Oil
9%
Jan
Jan
7%
300
57/8
30%
5%
24%
;
;;
Jan
Jun
7%
c
—
—
1
20
10
Standard Dredging Corp common
22
2%
46 A 46%
—
'
Co
Standard Cap & Seal common
Standard
Sterling
10%
Vogt
19 Ve July
1,500
&
12%
5%
common
convertiole
$4
Venezuelan
Apr
3,500
8A
100
•
Utility Equities common
Jun
8%
---*
2.78
1
-10
Inc
Stahi-Meyer
113
Jan
16%
Jun
6%
Feb
18Va Mar
Jan
5,000
3%
?/4
5-
3%
6 ya
19 Va July
60
3,800
8 A
50
(A G) & Bros pfdShoe Corp
Spalding
6%
--
19^e 19 ^
.
1J^4
England Telephone—100
Southern
Phosphate Co
10
Southern Pipe Line—-i
10
Southland Royalty Co
0
Sterchi
110
New
Southern
Stein
4% Jan
High
200
..0
—
preferred
Products
Y«tep*r Corp
0
--
—
Oil—
.
46 A
Southwest Pa Pipe Line
—
Southern California Edison—
5% original preferred
25
46
6% preferred 63
25
—
preferred series C
■
25. A;
\
Southern Colorado Power class A—25
—
7 %
preferred „————
100
...
South
» A
■
—
1
1
1
1
-1
23
10
Co
Corp
Sonotone
370
900
o31
Low
19%
Mar
36
3
Apr
267% Mar
300
d/a
320
334
Manufacturing Co
Singer Manufacturing Co Ltd—
Artier dep rets crd regis
fl
Sioux City Gas & Elec 7%
pfd—.-100
Smith (Howard)
Paper Mills
*
Singer
Jan
150
--
3A
—
Jun
16% May
Range Since January 1
High
16%
16%
•
Co
Utah Power & Light $7
Radio
Shares
10
Insurance
Utah-Idaho sugar
Utah
•
-•
...
$5.50 priority stock
32
preferred
convertible
$3
25%
Apr
12% Mar
575
Apr
for Week
•
19
B
Universal
Universal Products
116% July
21% Feb
v
Simmons-Boardman Publications—
Simplicity
Class
Jun
10
1.3/a 14 A
Universal Cooler class A
Jun
Apr
20 Va
13%
common
3'A
600
7T3/a
r",,
;
7% July
15%
Low
Universal Consolidated Oil—-
12% July
Jan
Range
of Prices
Exchange
VPar
High
.
200
r—
—
—
.
400
»
108
109 A
116% 116 A
^
-
12/a
*'«
17 /a 18
,
10 Va
400
10%
11 A
■
17%
Shawinignn Water &
V
,7$
:':.
5% Mar
300
'
: ;
Sales
Last
Sale Price
Curb
York
New
Range Since January 1
Shares
Week's
Friday
STOCKS
v
for Week
of Prices
Sale Price
/
'^r;;
Sales
Monday, July 16, 1945
EXCHANGE
RANGE FOR WEEK ENDING
;
CHRONICLE
THE COMMERCIAL & FINANCIAL
272
58
100
85%
57%
107
63
60
17
31
63
100%
50
97
102
87%
25
71
57%
7
37
107%
38
106
90
61
107%
Jun
Electric Power 3%s_
2% May
Kansas
6y» July
Kansas Gas &
Electric 6s.___—
—1966
2022•
'
J-D
$104% 107
M-S
$118
120
104
105
116%
120
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4403
Volume 162
Week's Range
or Friday's
Friday
BONDS
Interest
Last
Period
New Tork Curb Exchange
Sale Price
High
Stinnes
(Hugo)
Bonds
Bid & Asked
Low
49%
-Range Since
January i"
Sold
49%
Low
No.
High
Industries—
A7-4s 2nd stamped...,,
Toledo Edison 3Vis
—1940
v -
-166
1106% 107
—1968
™
27
..
49%
1U8%
A
United
Electric
N
J
4s
1949
111:'
110
$107
United
Light & Power. Co—
1st lien & cons 5Vis—.
United'Lt A Rys (Delaware!
United Light A Railways
6s
series
'
102% 100%
110% 1.10%
110%
s
—
.1952
Utah Power A Light CoDebenture 6a series A
307 • v
102 A 102 A"
5%s.l95a
(Maine)
A__:
•••103
<103% 105
—.1959
2022
..'■•
.
112%
115% 116%
$115% 116
Waldorf-Astoria Hotel—
income
A5s
dabs
ipsa
Wash Water Power 3Vis.
67
1964
West Penn Electric 5s
2030
West
Penn
Western
6s
Traction
5s_
f
s
•44
53%,
.108
...
107% 108%
-69%
109%
■9
-105%
110
2
1960
Newspaper Union—
conv
69%
$107% 110
116%
119
.
;
*
debentures
.—1959
lAYora Rys Co 5s stpd
AStamped 5s
1937
1947
Foreign Governraents & Municipalities
BONDS
New
York
Ciirh
Friday
,
Week's Range
or Friday's
Interest
"Last
Period
Exchange
Sale Price
Bonds
Range Since
Bid A Asked
Sold
January 1*:
High
j
No.
Low
'
Low
High
Agricultural Mortgage Bank (Col)—
A20-year
7s_._.
..—.April 1940
A 20-year
7s.
Mortgage
Valley 7s
Bogota
102% 102%
Danish
Bank
5%S—
Extended
107%
$106
.Jan 1947
ot)
1948
...
(see
ACauca
101% 101 %
—..—....1955
5s
-1953
—
Danzig Port A Waterways—
i
A External 6%s stamped
..—.1952
$104% 105 %
ALlma City (Peru)
AMaranho
7s___
6%s stamped.1958
1958
Stamped pursuant to Plan A
Queens Borough Gas A Electric—
5 Vis
series
A
Interest reduced to 2%S—..2008
$105
106%
107% 108
<126
—
Safe Harbor Water 4%s.
Ban
Joaquin Lt A Pwr 6s 3—.
ASchulte
Real
Estate
6s
$99
AMedeilin
7s
,
stamped
—..1951
—
Mortgage Bank of Bogota—
A7s (issue of May 1927).—
A7s (issue of Oct. 1927)—
..1947
.1947
..1931
Mortgage Bank of Denmark 5s—1972
—
Scullin Steel ine mtge 3s
AMortgage Bank of Chile 6s.
California
Southern
Edison
Southern
California
Southern
Counties
1st
3s_
106% 106%
3%s.
Gas
Gas
<105% 107%
mtge 3s-.—_
Southern
Indiana
...
$104
4s—
Rys
100
105 •::•
107
<107%
Southwestern
<108% 109 %
PAL
8s.
.
-
™
106%
108%
104%
109
100
„
103% 103%
-
105%
Interest
ARio
103%
de
6»
(stamped)—......W
Conv 6a stamped™.—M
Debenture
6s
103% 104
Dec
104%
104%
103% 104 %
103%
103% 103%
Power
A
Light
6s—
AStarrect Corp lnc 5s~
Stinnes (Hugo)
80%
81
rCash
of
1923
i
a Deferred delivery sale,
d Ex-Interest, e Odd-lot sale, n Under-the-rule gala,
xEx-dividend.
-: •/.■
.-:•
sale,
.
81
,,,
-
§Reported in receivership.
"cons," consolidated; "cum," cumula*
tlve; "conv," convertible; "M," mortgage; "n-v," non-voting stock; "vtc," voting trust certificates)
"w i," when issued: "ww," with warrants; "x w," without warrants.
'
Abbreviations used above—"cod,"
Corp—
A Certificates
191(
:
<Friday's bid and asked prices; no sales being transacted during current week.
ABonds being traded flat.
3d stamped..——...
A7-4s
-.1—
•No par value,
103 % 104%
gold debentures...——.
Standard
6% s_
Government
i.
2015
2%
to
103% 103%
104
6s—......
reduced
103% 103%
8s™..—
Debenture
1958
6%s__—
Janeiro
Interest
V ■ A5 %S
Electric—
Gas &
2%s_™—2008
reduced to
Stamped pursuant to Plan A
ARussian
Standard
—..—1958
7s__
Stamped pursuant to Plan A
89% 101
100%
Southwestern Gas & Elec 3%s__
Spalding (A G) 5s
(State)
AParana
(Calif)
deposit...
certificates of deposit;
,
OTHER STOCK EXCHANGES
'
RANGE FOR WEEK ENDING
JULY 13
Week's
Sales
Last
Range
Sale Price
of Prices
for Week
Shares
Friday
STOCKS—
Low
Friday
Last
STOCKS
Week's
Range
Sale Price
•
Par
Arundel Corporation
Bait Transit Co common v t
•
—
Preferred
Brager
v
t
c-i-.-—
lnc
Consol Gas El Lt & Pr
1
.1
23
22%
6%
721
37'/a
424
51
51
100
78
Jan
16
2.75
23% July
Apr
7
Jun
20
Feb
40
Jun
48
Feb
56
Jan
National
166% 168
54
60%
prior preferred—™
—
preferred, (stamped)
class A 1st preferred——
Stamped -™™..™—_™™L._™
8% class B 1st preferred™—.j
5%Mar
series
Hecla—;
A
10% Mar
14
Apr
13%. Jan
Gas
—
...
—....
Fuel Associates—
&
4% % prior preferred
28%
—...SO
.—--™—
preferred L—-———_—
Eastern Mass Street Ry commoii™
6% 1st preferred A_—
6% preferred B——.—.....
109 %
29
109%
71
71
an
42%
43
20
....
A..
5s
series
B
41
41
SS Lines lnc
Eastern
:
$2
85%
86
89
-—1975/
90%"
„1975
Georgia Carolina & Northern 6s_—1934
112% 112%
$19,000
—
70%
Apr
17,950
Apr
100
Jun.
5,000
.
76
2,500
100% 100%
common.™.
preferred..—....—...
conv
112% July
86%
Jun
91
National
First
Stores-——.——
Jun
103%
Jan
112% July
Electric
General
— --
.
Co_„_————__
Gilchrist
42%
44%
16
16
16%
16%
Gillette Safety Razor Co——-—.
Bakeries class A—™_.
6%
Hathaway
B
Class
;———.—.....
preferred™——™...
Isle Royale Copper———
$7
Friday
Week's
Range
Shares
Low
American Agricultural Chemical.
Sugar' Refining™^—.
American
Tei
American
Woolen
Anaconda
Copper
A .' Tel™—;—™,
.....
—
™_—.
High
Low
High
29%
29%
29%
65
29% July
305/b Jun
47%
179%
47%
48%
117
46% Mar
557/b Jan
3.023
156"% Jan
9% Jan
178% 184
'
23%
23%
26 y4
383
34%
33%
35%
529
20
Albany RR
Edison
Herald
131
.
Boston Elevated
42%
see
20%
page
280,
175
130% 131%
41
42%
78
79%
29
Traveler Corp
For footnotes
20
-78
Ry™..;
104% 104%
2%.
2%
,™——.
Boston
Theatres——-.
Maine Central
RR common——.
Loew's
Range Since January 1
29
Jan
184
29
July
Jun
36% Jun
5%
preferred
Massachusetts Utilities Assoc vtc.
Mergenthaler
28
30
268
-
3,449
361
350
17
Jan
115% Jan
37
Jan
69% Jan
23% Jan
20%
131%
42%
81
30
Jun
July
Jun
Jun
July
Linotype.
Narragansett Rac'g
Nash-Kelvinator
National
Bird & Son lnc™.
Copper
7
65C
65c
for Week
of Prices
conv
Kennecott
Sales
Last
Sale Price
STOCKS
Boston
Apr
10% Mar
Stamped
„_™„-_
class C 1st pfd (stamped)™10% class D 1st pfd stamped.™
Boston Personal Prop Trust
Cities Service
Bonds-
Boston
Jan
11 %
Employers Group Assoc
...—..
Engineers Public, Service.——
,5s
Boston &
Apr
10%
7%
Eastern
Baltimore Transit. Co 4S_——1975
American
Jan
10
5%
Calumet
54
—...2
L_
Bank
Low
■•
6%
Ry.._.™
:
RR—
115% 115%
com.™ 100
Casualty..!
Central
Fidelity A Guar..
Western
2,626
78
*
Pennsylvania Water & Power com.—*
nr 8
High
_™„100
New Amsterdam
Maine
&
7%
6%
Low
36%
—
common——*.
Preferred
Northern
Range Since January 1
High
23%
6
—
preferred B„
—™„100
Fidelity & Deposit Co———20
Fidelity & Guar Fire Corp™—
10
Vernon-Woodbury Mills
Shares
Boston
Range Since January 1
High-
■
4%%
Mt
of Prices
low
100
c
Eteenberg
Sales
for Week
Assn Inc.—,
—.—
Service' Cos——
New
England Gas & Elec Assn—
5%% preferred
New England Tel & Tel
™~—...
North Butte Mining—
>
—
Old Colony RR———
...
46
47%
121
123%
57c
53c
2%
3%
42
Jan
109%
Jan
30c
Jan
30c
Jan
High,:
THE COMMERCIAL & FINANCIAL CHRONICLE
274
Monday, July 16, 1945
OTHER STOCK EXCHANGES
FOR WEEK
RANGE
Week's
Friday
Last
Range
Friday
Week's
Sales
Last
Range
for Week
Sale Frlce
of Prices
Shares
for Week
Sale Frloe
STOCKS—
ENDING JULY 13
Sales
of Prices
Shares
STOCKS—
Range SInee January 1
Range SInee January 1
v'
Par
High
Lots
High
Low
Par
Marshall
'Pacific Mills
-*
——
Pennsylvania; RR ~—:
.—50
Reece Folding Machine————.10
Co
Torrington
36% Mar:
41%
34%
34%
93
19%
144
102% 106%
1,193
Jan
35
Jan
21% May
Mar
106% July
.
73% July
80% May
50
Apr
North
45
46
87
45
57%
75
51%
Jan
61%
Jun
64%,
64%
33
63"% May
69%
Western
July
7%
15%
47
33%
32%
33%
13% Jan
105
,
6%
16% Mar
279
36
Jan
47
641
15%
46%
32% July
38
July
May
140
141
118% Feb
141
Week's
Range
Low
—l
13%
—5
8%
*
—
class
A
Elec
RR
Circle
100
8%
17Me
10% Jan
7% Jan
8%
50
18
200
•
130
128
common—:——1
Asbestos Mfg Co common-————1
Athey Truss Wheel capital—
—4
124
19 Ya
135
3
■
';
Washer common———3
8%
3-
Feb
common.—...
180% 180%
200
158%
Jan
180% July
10%
4,100
6%
Jan
17%
200
10% July
21% Jan
3%
700
1% Jan
8%
750
7% Jan
3% May
9% Feb
■
•
5V8
5%
250
3
Jan
6% May
8%
8%
700
5%
Jan
9%
Mfg Co common—
-10
20
17
100
18%
18%
100
—
31
31
19
-5
BelOen
20
18
„1
H.)
(W.
ia%
•
—
Mar
16%
700
20
Apr
19%
26
r
Jan
16
-
10O
19
Bergboff Brewing Corp———.
18
Jan
34
16% Jan
Mfg Co capital—.—
Bliss & Laughlin Inc common——
..1
Borg-Warner Corp common;—.—Brown Fence & Wire class A pfd-
-5
Bruce Co (E L) common-
8%
-5
...
—
400
50
8%
Co
(new):
Texas
Jun
fe July
10% Mar
13
.10
7% Jan
10
•
106
common——i—1
—*
18
18%
Feb
26
4%
134%
Preferred
37
Mar
44
23%
Jan
31
Cherry Burrell Corp common—— —5
Convertible
preferred ———
Chicago Flexible Shaft commonChicago & North Western Ry—
V t c for 5% preferred——
Co
Aluminum
Co
5%
Jan
39%
39%
100
8%
450
18
400
♦
Cudnhv
vtc
Co
Co
-
Oil of
39 %
Doehler-Jarvis
Domestic
Corp
National
Flour
Mills
Watch
of
Four-Wheel
Jun
6%
7
1,950
104% 104%
4% Jan
100
21
98
50
3%
*3
'
S
Steel
100
i
Apr
6%
Jan
39%
40
10
35
87%
50
76% Apr
Motors
19% May
2.7%
27%,
22
22%
23%
116% 121
7%
7%
10a..
7%
18%
700
:
100
1,500
Wisconsin
Bankshares
Yates-American
22
%
100
750
18
4%
121% 121%
131% 134 %
4%
>
Gillette. Safety
Goldblatt
Gossard
Bros
Co
(H W)
.
:
15%
15 %v
16
930
17
231/2
10
200
2%
Jan
120
Jan
18
Jun
Jan
131
;
Apr
July
5
16%
16%
800
32%
,200
15%
16%
200
39
38
39
25%
22%
•4%
32
'I
,
.
Jan
82% Jan
Atch
20% Apr
21% Mar
27% Mar
8%
16
Jan
170
26%
500
8%
10,050
450
53 y»
40'A
300
35
Jan
306
20%
1,300
....
I
71%
100
54% Jan
76% Jun
16% Jan
7% Jan
Jan
61
•
300
23%
100
16
15
100
13
...
14%.
200
33%
38%
14%
34%
1,200
100
49%
15%
15%
100
13%
Jan
21%
21%
22%
850
17
Jan
4a%
43%
180
36% Jan
90
90
100
79
Jan
40%
40%
100
23%
Jan
18%
18%
18%
600
14% Mar
12%
12%
100
12
70.
70
70%
300
59%
9%
1,000
7% Jan
10% Mar
31% Mar,
32% Jun
34% May
37% May
21% Jun
14% July
.
—25
53%
2
...
'■
,.'v-
.
1
.:
:
*
53%
General" Electric
Interlake
Iron
9%
9%
32%
33
33%
21
13%
13
10%
-
10
*
Pullman
Pure Oil Co
31%
311/a
31%
4,800
31% July
12% May
Incorporated
11%
10%
11%
3,250
43%
43Ms
160
36
Jan
44
32
32
100
26
Jan
37 %. Jun
1051/2 106
120
104
Jan
108%
Apr
Standard
Brands
Jan
8
Jun
Standard
Oil
105%
6%
100
6%
6%
7%
3%
Jan
14%
14%
100
12% Apr
15 y8
18
18%
600"
15
Jan
18%
23
18%
23
4%
Jan
IIS
4
Apr
950
11%
900
8% Mar
8%
100
7%
36%
200
39
Mar
40%
230
18
18%
900
37%
38%
425
35% Jan
15%
15%
250
15
15%
400
13%
26%
26%
100
26% July
7%
300
9
Jun
Jan
;■
common
9%
Jun
13%
300
600
29%
98%
300
76% Jan
7%
900
19
16MB
161/a
100
13% Mar
17% Jun
12%
1,300
Jan
13% Feb
19%
12%
20%
400
16
Jan
21
Jun
Baldwin
211/4
2IM2
950
18%
Feb
22
Jun
26%
26%
100
22
Jan
28%
Jun
Churngold
11%
11%
12%
common—.
21 Vi
-10
■
21
1
21
4%
6%
62
9
Apr
Jan
44
1,100
38
Jan
44%
Jun
11
100
9
Mar
11%
Jun
28%
28%
100
19%
19%
29
29
20
30
19%
19%
700
12%
13%
23%
24%
.w
54 %
21
2,600
10%
Jan
13%
Jun
700
19%
Jan
26
Jun
29%
—*
13%
Jan
32%
Apr
200
56%
Jan
65% May
100
18 %
Jan
29% May
u.*-
61%
——1
25%
63%
25%
Jun
Mar
Week's
Sales
Range
for Week
Sale Price
of Prices
Shares
200
5%
600
150
200
17
Jan
3% Jan
7%
150
33
26
xl9%
40
23
5%
Jan
*
11% July
Jun
Apr
29
Feb
Gibson Art
Jan
26
9%
11%
12%
86%
83%
#-
10
Jan
12%. Jun
12%
86%
8%
2,243
Jan
.
14
50
Jan
16
Jan
Apr
Jun
12
11
200
10%
Jan
11%
28% Mar
40%
35%
36%
268
17
16%
17%
110
44
44
44
Feb
86% July
11%
11
36%
Jun
May
78% Mar
173
12
8% Mar
Jan
39
Jun
400
6%
Jan
10%
Jun
7% Jan
11%
Jun
.
Hatfield
—*
5%
Hobart class A_—_.......—.
Kahn
1st
Kroger '
Leonard
48
-100
pfd.
5%
'48%
50
7%
Jan
13
May
Manischewitz
40
37%
Jan
45
tApr
National Pumps
2,100
7%
Jan
Jan
19%
Jun
Jan
46
Apr
5%
449
Jun
7%
Feb
29
45
Apr
50
Jun
90
48
Apr
50
Jan
36%
Jan
44% May
4% May
48%
49%
*
44%
308
4%
:
—
13%
40
59
43%
49%
...——,—
400
4% Mar
.10
—
7%
9%.
Jan
July
6% Jan
—
11%
9
.50
.50
Eagle-Plcher
41%
12%
1,200
—
Cincinnati Union Stock YardSCohen
(Dan)
Crosley Corp
May
50
10
Cincinnati Street......
...20
Cincinnati Telephone
Jan
44
7%
Mar.
10
July
20% July
11%
....
12
Mar
Jan
43%
common
9
120
65
9%
Jan
7
18
14%
37% May
>i
preferred
100
18
•
115
21%
10%
Jan
5
109%
26%
9%
12
12
—
4%
10
.
Jan
26
10%
9%
36% Feb
Jan
4% May
Jan
4
4
17%
9%
—...
5
7
32 V2
"
Jan
26
10%
5
7
——_—
High
LOW
147
36%
108
26,%
1
—.
35%
36
107%
Indep Pneum Tool vtc new.—.
Indianapolis Power <& Light com.
7%
Laundry
Machine....—20
American Products prior pfd-.,—.7.
Participating preferred*
July
Range Since January t
High
10
Jan
33
American
Low
20
Jan
7%
Par
109
20
33
STOCKS—
/
70% May
115
.7%
26
Apr
109
200
"*
60
58% May
115
500
34% Jun
Jan
Jan
Cincinnati Gas & Electric pfd—-—100
38
page 280;
Jan
17
C N O & T P——
11%
see
22% May
32% Jun
48%
25
—
Jan
13% Mar
11
footnotes
15% Jan
22
700
1,000
17% July
37%
For
28% July
57% Mar
•
Mapes Consol Mfg capital.
23% Jan
Jan
.100
Libby McNeil & Libby commonLincoln Printing Co common
Lindsay Light & Chemical com,-
Jun
11% Apr
Apr
-10
common,
Apr
7%
13%
—
Co
81%
Jan
48
100
i
common.—,.
.
Jan
5%
550
30
Katz Drug Co common
Kellogg Switchboard common,—.
100% Jun
850
150
•
common A—.
I—1
36%
Jan
11
11
Burger Brewing
common,,.
preferred—
15% May
Jun
11% Jan
35
7
Friday
10% Jan
m.
Feb
67%
"7%
Feb
300
....
Jan
Cincinnati Slock Exchange
15% July
18% May
34%
19
Hupp Motors common (new)—;
Jun
9%
42
May
21% Jun
40% Feb
18%
.
11%
July
44
13% Mar
371/2
18%
—25
Jan
Jan
97%
U 8 Rubber Co common.———10
500
common,.
36
Jan
28
of- N J——
68 y8
_•
Jun
Jun
5% Mar
18%
-1%
common—,.
18% Jun
13%
72
24% May
1,000
4%
39%
&
Jun
93% May
43% Jun
Jan
13%
Republic Steel Corp common.—.—*
Feb
200
20%
Cumulative
Jun
45
Jan
18%
39%
LaSalle Ext Univ
May
15'A Mar
23%
May
34
34%
Radio Corp of America common—...."
July
14%
20%
Leath
55
Jan
14%
—J*
—
(The) common.....
43%
-.25
common.—,..
$6
Feb
50
Paramount Pictures Inc.
67%
common—
Power
34%
10%
36
(Glen L) Co common——1
Nash-Kelvinator Corp—.
1
—9
New York Central RR capital
—•
68 Ma
Indiana Steel Products
Feb
Apr
42%
Jun
17
Interstate
16%
14%
8%
8%
Martin
7%
capital
Jun
Apr
31
200
21
*
Co.
Jun
57,
RR
Apr
15%
14
500
33%
33%
...*'•
Corp common-
Jun
56
Co
21%
Jan
May
6%
16%
Central
39% Jun
Jan
Mar
*
'
IZi
1
18%
57
Illinois
June
25% July
3% Mar
^
24%
16%
Illinois Brick
42%
3% Jan
14%
capital:....—5
..
3% Jan
Corp common-—. -10
(Geo)
Jun
17% May
38%
Mining—,—50
Topeka dc Santa Fe Ry com.,100
7%
Spencer Bartlett common
Inc
-
Jan
4%
July
19%
Curtiss-Wright
40% July
Heileman Brew Co G cap———. —1;
Horders
36%
Apr
25%
'
17% Mar
Jan
12% Mar
Bethlehem Steel Corp common..—*
20% Apr
9% Feb
19%
59i%
77/a
59
Hibb
Hormel & Co
16
Mar
22%
19%
Anaconda Copper
134% July
Jan
Unlisted Stocks—*
.—1
Houdaille Hershey class B__
15
37%
American Radiator & St San com—*
17% July
28% Jan
Great Lakes pr & Die com—
Harnischfeger
Jan
14% Apr
Jun
600
5
Hall Printing Co common
27% July25% May
121% May
7% July
19%
common....
Machine
100
-15
common
Razor
Inc
-
Jan
Mar
108% Mar
Jan
14
2,300
70
28 Ms
Jan
99% Jan
common—. —10
General Outdoor Adv
5%
.
1,300
Jun
160% May
46% Jan
23%-Jan
500
:
July
89%
July
120
May
40
Feb
31
Woodall Industries common^.—.1—2
300
Auto—— -10
Corp
40 %
Jan
157
Jun
21% May
3% July
33% Jan
Last
General
108
Mar
30
A
8% July
13% Jan
40%
Co
Corp
Jan
2
37%
common.———..
5%
5
—
Fox (Peter) Brewing common
General Finance
8% Mar
18% Mar
300
40
—10
L—
17%
Ameyica Inc
Drive
58%
16%
(J R) common..—
21%
(The)
Elgin
Jan
5
capital
Corp
51/2
—
Util Corp
43
710
Co
171/4
class A— —-1
Electric Household
100
32
.—25
17%
.,10
——
Eddy Paper Corp
57
capital—.—25
common——
—5
common. —10
Corp
Industries Inc
Jun
56%
..
■
com.
Studebaker Corp common
(Alf) & Cohn Inc
Dodge Mfg Corp common
26%
160
...1
Wieboldt Stores Inc common—.
Jun
32V2
21%
59%
.100
pfd.. .100
-2%
cum
Curtis lighting Inc common
Decker
Jan
capital.: -.5
Indiana
Corp
1
———.
Packing Co 7%
23%
4%
-50
partic pfd.
common
50
170
2%
17%
39
Consolidated Biscuit common
Crane
500
31
Walgreen Co common
Westinghouse El & Mfg com (new) 12%
8% Jun
71%
8%
■;
-
28%
104% 106
19%
1
.
com—,
Co Inc
Commonwealth Edison common
Consumers
Apr
Apr
26
160
—.—-—
Works
—25
common—:—...
Uten
(The)
gColeman
19
32
—-—„
Utah Radio Products common
Jun
100
7 V*
23M2
Chicago Corp common—..——
Club
17% Jan
87
*
United Light & Rys w i_
i
United Specialties common—1
May
100
17
preference—*
Chain: Belt Co common——
Cities Service
500
July
200
2MB
50a
preferred
Central States Pr & Lt
18%
•
Union Carbide & Carbon capitalAir Line Transp cap.—
.Js
Apr
100
28%
—10
pfd
Pub Serv $6
Convertible preferred
lien
Jun
41
17%
39%
United
Feb
39%
8Vz
17%
39%
-1
Central S W Util common.
Prior
25% jun
Feb
35
40
(The) common.—.
25
208 South La Salle Street Corp com—*
July
30
7%
-5
-
(A M). common
Corp
19%
Feb
Jan
21
-10
Zenith Radio Corp common..
111 Secur
150
160
capital—.
^
Lathe
Fur
Thompson
21% Jun
26
26
'
Cent
Feb
65% July
Jun
30
..
III
—————
Illinois
24%
40
15% Mar
«—-n*
,
Swift & Co capital
July
39%
-*-»
*-
—
Ring common.
Castle & Co
48%. Jan
36%
104%
Bund strand Machine Tool common.: —9
-
Common.———
Central
33
350
6%
•»
■
Bend
Storkline
Jun
1
8,600
;
12
11%
—
Binks
Brothers
100
400
250
—60
Corp. class B common.
Standard
U
Butler
37
65%
*
11
Burd Piston
Jun
35
Common
Trane
Seelig class A commonBastian-Blessing Co common.
Jan
;13%
.
38%
57
.—
Apr
17%
2%
17%
&
Jan
25%
2
Spiegel Inc common——
St Louis Nat Stockyards capital—.
•
.—20
Standard Dredge preference.
11% Jan
Jun
16% Feb
Jan
20
South
15% May
HP/a Feb
9%
;
,
5
Co
10%
17%
■
Co____
Sinclair Oil Corp—
High
8%
capital,—100
Barlow
50
4% Feb
38
*
.i.
capital
(The)
Stewart-Warner
Barber
12%
23%
A—— -10
common
Packing common——
Common
Rang* Since Janaary 1
1,200
9%
8%
-
10%
Automatic
Jan
Signode Steel Strap-
Low
13%
8%
17Ms
Aviation Corp (Delaware)
2%
35
Sangamo Electric Co common—.,._*-.
—i
capital—,
High
.13
128
Aro Equipment Corp
400
ii
.100
-
Switch
&;
Serrick
Shares
Far
Armour & Co common——
24%
Schwitzer. Cummins
for Week
of Prices
Friday
American Tel & Tel Co
3%
37
—5
—
preferred
Elec
Gas
Sears Roebuck &
Sales-
Last.
Sale Price
—100
com
Quaker Oats Co common—
common-
Jun
3%
15%
July
$1,300
Cisicago Stock Exchange
Ball Bearing
Jun
3,100
63%
100
Penn
Pennsvivanie
„
Allied Laboratories common.—
;
110
12%,
—10
—
Penn
Rath
Aetna
15%
26
108% May
10% Jan
Utilities—
preferred
Preferred •
American Public Service pfd—
15%
High
18% Jan
70
109% 109%
3%
.....
common
Peabody Coal Co class B
3s_——1956
Admiral Corp commonAdvanced Alum Castings.;.——
Low
300
Jun
I5y8
STOCKS—
vtc
common
American Car com
;
20
Northwest
Bancorp common.——*
Perfect
:
American Tel & Tel conv
15%
North
90
56%
—
-~*
Westinghouse Electric Corp—_—,-12%
Inc
Standard
National
46
Co———
Bonds—
Jun
30
56%
....•
Inc——
System
Hart
"a
capital—.
Nachman. Springfield common
—.*
National Pressure Cooker common—2
15%
375
76
74
76
Corp
109%
25
Jun
18%
—5
Co——-——
(S D)
215
&
..,100
———
High
24%
Minneapolis Brewing Co common—1
Modine
Mfg common.
•
Montgomery Ward & Co common—*
Jun
39%
106%
Warren
15%
38%
>
Miller
16% July
Jan
38%
.
—*
United Shoe Mach common,—,——25
6%
preferi*ed
....
-25
U S Rubber..
-10
U S Smelting Ref & Min common—50
Waldorf
14% Apr
10%
70
15
,
West
Low
•
common—
preferred
Middle
2% July
•
334
16%
18%
Fruit
Feb
14%
^
United
1%
16%
—..——6<
Drug
2,115
2%
1%
—
Inc
Twist
United
Jun
14%
■«;
Drill
Union
40%
*
Webster
&
Jan
40
Inc.———-———*
Shawmut Assn..———————*•
Stone
39VSs
2%
33%
52%
38%
38% Mar
Jun
819
51%
—"
4%%
54%
50
Field
4%
75
4
Jan
8% Jun
9%
Apr
6%
6%
50
6%
Jan
7%
150
5%
Jan
37%
37%
100
35%
Feb
7% Jun
38
Mar
17%
17%.
*
*•
;—*
..
.
5%
17%
-5%
59%
;
60
5%
25%
: 5%:
16
16
Jan
50
,..3
Mar
93
:
55% Mar
;
3% Feb
17% July
5% Jun
62%
Jun
7% Mar
7%
-—* '
Procter & Gamble——.
Randall
.Rapid
class
B__——...
———.
-*v
.*
;
5%
—
•;
25%
.'^-60'
19
23% Jan
V/a July
27
Mar
THE COMMERCIAL &
Number 4403
Volume 162
275
FINANCIAL CHRONICLE
OTHER STOCK EXCHANGES
July 13
range Bob week ending
4
'pfd——_
Printing
S
U
49
——50
50
Jun
United
50
Jan
43
29
Udylite
Union
—25
217a
22%
217b
215/b
19
Pure
Oil
Jan
Jun
20%
Jan
3772
s
Radiator
common
Warner Aircraft
400
67a
Sale Price
BTOCK8—
City
Mfg
Brass
50c
—
Ice & Fuel——.
Controller
Clark
1%
2,321
1%
Jan
274 Mar
1,675
4% Mar
6% July
Allen & Co., New York
Cleveland Cliffs Iron
Cliffs
Corp
General
Rubber
&
Tire
Goodrich
(B
F)
—-—*
—
Steamship
Xnterlake
Jan
2374
19 7b
Jan
2474
907a
8074
Jan
93
429
187»
Jan
60
26
Jan
323/b
—
Jun
Feb
47
537a
Jan
6372
62
497a Mar
57%
22%
140
16%
Jan
23
Mar
5272
25
Jan
55
May
367a
132
33
Jan
3972
__
5272
367a
52
^
;
Laughlin—
&
Jones
*.«.*
Jun
Feb
Los
Angeles Stock Exchange
Apr
t
Sales
Week's
Friday
.
Acme
9%
—*
Portland Cement—_
Medusa
National
__
10
•
i.l
—
Nestle
Ohio
class
LeMur
i_——*
A
class B
Brass
472
'
National Tile
—
—
69
8%
2374
Jan
116
277b
Jan
239
26
26
37% 37%
'97a 10
2874 2872
a25% a267s
47a
4%
" 83/b
83/b
26
—*
Sessions.
&
Lamson
—-_*
77a
Jan
-
10% Feb
Jun
Aircraft
Jun
Bandlni
Jun
Barker
Barnhart-Morrow
624
237z
Jan
65
207s
Jan
27
Jan
200
77a
Feb
1074
Feb
10
22%
Jan
3072
Jun
a28% a28%
—*
574
2
Bros
Richman
*
—
*.——
Oil
of
—
*
Iron Works.—_
Dorn
412
45
10072 July
20% May
144
a2172
a21
'
66 ::
23%
4572
5374 Mar
22
•
__
22
100
21
215
Jan
18 72
21
—
Weinberger Drug Stores
Jun
1374 July
10072 July
Jan
10
Jun
4872
39% Mar
30
a477s a48 7a
2i2
Jan
16%
75
4672
al3 % al3 74
10072 10072
—
10
Inc
Products,
Van
—
Ohio
Standard
Thompson
21%
46%
•
Sparks Withington pfd———100
Selberling Rubber
19%
46
._
———-—•
—:
14
Apr
2472
Feb
23
Jan
Mar
Jun
for Week
bf Prices
Shares
Par
Petroleum Co
Corp
Consolidated
Oil
Chica
Corp
Central Investment Corp
Aircraft Company
1,900
17b Mar
47b
4%«
457
2,947
3
Jan
1.75 Jan
7
22
150
5
all2%
al0874all2%
217b
—
217b 22
a28% a28%
143/a
—
i-7-
-
315
-
143/4
Cleveland
10
—.—1
...
Firestone Tire & Rubber
*
*
*
*
*
Co common
Industrial Rayon common...
Interlake Iron common——
Y Central RR common—.
N
Steel
Republic
U
—
Oil common,—
.Ohio
Steel
8
Exeter, Oil Co,
—.
—*
Jan
4472 May
Jan
32
3972
Jan
497b May
117s Jun
878 Mar
217b
May
3274
Jan
Jan
a8878
a87% a887s
50c
a3078
40c
— 7-
a2972 a31
40c
40c
a512 a520 157s 16
93/8
9%
677a 68
15
15
1
class A._
Farmers & Merchants Nat'l Bank!
Farnsworth Television & Radio
Ltd,
Corp
Garret
100
1
20%
Feb
Gladding, McBean & Co
26
Jun
Goodyear Tire & Rubber
Jan
727b
Mar
253/b
Jun
Company
71
Jade
Oil
Co
1
Watling, Lerchen & Co.
Oil
Mascot
DETROIT
Co
OU
Oceanic
Gas
Pacific
Randolph 5530
& Elec
Pacific
Lighting Corp common
Public Service Co com
Oil
V"•' >
"r/ ,ri;
Sales
Week's
Friday
Last
Shares
Low
—.1
Baldwin RUbber
McLaren
Brown,
Burroughs
Burry
2
Paper
Cleveland Nav
Detroit
&
Edison
Detroit
Gray
Federal
Stove
Mogul
Gar
Grand
...„
.1
2% July
7%
7 3/4
1,275
5%
Jan
7% July
,
>. 7
167/8
16%
157a
Jan
Kingston
Kinsel
Car
&
7%
Lakey
Masco
•
common..
&
Michigan
Sugar
Chemical
i
...
Metal
Prudential
Rickel
common...
..
-
-
1
«
.
_
*
—
6
4%
210
37a
1%
287a
•
13%
57b
Feb
Alaska
17a
Feb
1
Brewing
page
280.
50
'
Inc
—
16c
__;S
200
5,740
1,300
500
7,000
400
129,850
47b
12c
8
41c
47b
14c
874
75c
57% Mar
,
Apr
67%C Feb
1.45 Jan
30c Feb
4
May
8c Jan
6% May
29c Apr
34% Jan
38% Jan '
35% Mar
54ft
419
30
40
40% 41%
a377b a377s
573/4 587a
52% 52%
8
8
7%
Jan
Jan
450
>
Jan
500
9c Feb
718 7-13% Jan
500
45c Jan
170;19% Jan
510
40
51% Jan
48% Jan
7% Apr
3,990
430
150
b'/a Jan
3,280
8
33c Mar
1074 Jan
400
260
41c
41c
11%
11%
8%
8%
165
6% May
20% 20%
200
.20% July
41% Jan
—
50
50'
a277a a27%
12c
17c
1672 1672
18% 18%
__
31%
20"
'
99,000
582
175
1,540
20
45
45
45
31%
307/a
31%
30%
31%
30%
608
258
._
25
1
,.—10 7
1
267/a Jan
4c Jan
1574 Mar
11
Jan
267/8 Jan;
43
Jan
105
31%
38%
38%
68
39%
53%
43%
13% 14
a487s a49%
232
1,135
1,606
84
13%
a48%
__
—
19 7
—
43
22% 22%
15% 1572
18% 1972
a277a a27%
30%
30
39%
38
397s
180
39%
53%
—
Black Mammoth Cons
Jun
28% May
57ft
100
474
Jan
57a
Feb
'1,000
174
Jan
1%
July
95c Mar
-70
32%May
; i 5% May
19c Feb
16% Feb
80c Jun
29% Jun
75c Feb
374 Jun
37c July
4%
23c
974
-75c
Jun
Apr
Mar
July
41% Jun
41% May
37
JUn
587a July
53
Jun
8 Jilly
8/4 Jan
43c Apr
13 /s Mar
10
May
■
Jan
Mar
May
Jan
Jan
Jan
107a Mar
28
Feb
39
207a
15%
15%
1674
2,030
400
600
75
S3% Apr
51.,
27% Feb
17c July
17% Mar
21
Jun
31 A July
45
Feb
32 A Jan
3174 Jan
40 May
40 Jun
57/a Jun
45% Jun
14 /a Jun
42/4 Jun
Jan
July
Jan
Jan
25% Mar
87» Jun
LLc May
^.00 May
5c Feb
11c Jun
28
27
y
Mar
Jun
Cons
Juneau
Chollar
772
Gold Mng Co
.10
Mng Co—.—10c
Mng Co.—
1
1.85
G & S
Imperial Development Co
Zenda Gold Mining Co
25c
Ltd
25c
—
7c
V/z
9c
1.85
9c
1.85
110
1,500
-400
674 Jan
7c Jan
1.00 Jan
3c
3c
7,000
7c
8c
2c May
6c Mar
5,000
Feb
75C
1178
2%
18
77ft
3
32c
100
Jan
76c
9
22,022
Apr
11 7b July
July
Unlisted
137
17s
Jan
Jun
200
1378
Jan
19%
Jun
American
681
5%
Jan
7%
Jun
100
37a
Feb
3% Mar
29 74
Feb
3
33
May
30%
24%
100
1778
1,011
37B
1,415
2%
Jan
37a
3%
100
272
Jan
374 July
4:
200
3% May
4
13%
13%
242
Stocks—
Amer Rad & Stan
American
137
American
Tel & Tel Co
Viscose
Armour &
Co
A T & S F Ry
Jan
17% July
Aviation
127a
9
350
7
3
Feb
47a
14
14
50
5
100
3
Corp
Anaccnda Copper Mining Co
26% Mar
13
,
•
•
IOO
San Corp
Smelt & Refin Co
23% Mar
(111)
Co
Corporation
—
a49%
a34%
10%
a99%
872
Feb
Baldwin Locomotive
Oil
Boeing Airplane Co
Jan
97a May
Borden
Apr
5%
Borg-Warner Corp
Canadian Pacific Railway
Jan
3%
3%
3%
1,030
2%
Jan
4
Mar
4%
4%
304
37a
Jan
5
Feb
Case
J
Company
I
Co
50
190
226
60
137
Co
-
a28%
*
Bethlehem Steel Corp
a827a
a287» a28%
20% 20%
a80% a83
a26%
a39%
a39%
177/a
a39%
a26% a27
a39
a39%
a39% a39%
17% 17,8
a39% a40%
25
25
-
12
42/a
161
.50 /2
29/4
^6%
77%
.5/a
255
95
949
50
360
990
156
374
5
15
5
Co—
Jan
13% 13%
a497t a49%
180% 180%
a50 7b a50 7b
a34% a34%
9% 10%
a977a a99%
872
83A
13
-5
Works vtc
Jun
100
3%
3%
53%
75c
157a
3%
700
70c
70c
2.70 2.95
34c
37c
267b July
167a Jan
51% Apr
496
80c
90c
287a 287a
5
5
allc allc
1572 15%
60c
65c
a277s a287s
Jan
July
Jan
Feb
Mining Stocks—
Jan
1%
9
1
Products,
Consol Oil Co...;
Western Air Lines, Inc
Barnsdall
.
of' California.—
Aircraft
Universal
7%
3%
:
- 1
Jun
Juh
Feb
Apr
Jun
July
707a May
157a Jun
33
40c
530
16%
93/a
Jun
Jan
Feb
347a May
16%
16%
Oil
Union
United
Jun
—
—•
*
2
..5
Calif
Transamerica
Corporation
Transcon & Western Air Inc
Jun
24 s '8
'
__
25
pfd class A
Pacific Company.,
6%
May
2674 Mar
380
77a
Corp
17a May
2,000
—
*
30
Standard Oil Co of
Feb
14
-
__
—
1%
2674 July
3
—'
.1
common
see
7
Jan
Jan
Jun
307a
30%
...
For footnotes
15 7a
390
3
—
Simplicity Pattern
Tivoli
127a
707
7
1
Products
common
B
600
6%
18
common
Tube
14
297a
—
15
25
Sinclair Oil Corp
'
Solar Aircraft Company
1
Southern Calif Edison Co Ltd
25
Preferred
—_-_.;25
6%
preferred class B
25
5%% pfd class C
—
25
Southern Calif Gas Co 6% pfd__
25
Trading
Sierra
4% July
'
2%
Sheller Mfg
Standard
Jan
2%
''''":
-
Bcotten-Dillon
Jan
2372
66c
77a
Investing
(H W)
1%
255
11%
—10
Wolverine
Peninsular
73c
——
!
:
Security Company
Shell Union Oil Corp
8
57b
«
Parker Rustproof
Parker
1,100
1%
—2%
common
Parke, Davis & Co
.7,710
7%
2674
~
1%
Car.
Co
7
Jan
14
1
Mach__
Tube..
Motor
Jan
5%
28 7a
Murray Corporation common..
Packard
3%
Apr
Feb
9%
7% Mar
700
1,000
2874
-
29%
Products
Steel
Jun
57a
Apr
7%
4%
—
28
Jan
8%
1%
common
Screw
4
950
4%
26
1
common
McClanahan Oil common
Michigan
.
1%
S)
Fdry
■
'V
:'ifi
Mfg
Products
(S
237a
100
267a
7 4%
8%
8%
■
1774
58%
.
1
Co
Inc
Stores,
Safeway
Southern
4%
Drug
Kresge
.415..
,
6%
Mfg
Motor
Lock
Park
Jan
—.10
_
2%
Hoskins
Hudson
Hurd
Jan
172
3
.1
Bear
Jun
2174
1,800
5,807
;
4%
common
&
Jan
,2,171
267a
Brewing
Valley
Hoover Ball
5% May
Feb
7%
.
217t
237a
Jan
2%
Brewing
Graham-Paige
-
May
5% May
Jan
,
6%
1
Industries common.
Wood
Goebel
18
Jan
3
18
23%
•
Brewing
14
Feb
7%
2
Frankenmuth
.
200
100
5%
274
27a
Corp common
Detroit Steel
229
167a
127a May
107a Jan
17a May
5%
5
1
Detroit-Michigan
200
2
23 7«
237a
.
....
205
12%
92
May
,•77
Range Since January 1
Low
High
High
21
21
7,7! J-':';-
6%
.20
iron
*.
——
10
common
common
574
574
_..—10
Consolidated
16%
—.17
v'-»
.12 V2C
——
Detroit
2
•
Machine
Adding
Biscuit
Tl%
11%
....
7','.
common
Aeronautical
Ryan
for Week
Sale Price
STOCKS—
Range
of Prices
40%
...1
*
—
Corp
—
1
Republic Petroleum Co common..
Rice Ranch Oil Co
Richfield
47s
14c
874
55c
10
•
**
Co
Indemnity
Pacific
Pacific
^
1st pfd____—
5%%
2.85,
__
25
25
25
common
1st pfd
6%
—
Aircraft Inc
Northron
15%
65c
a28 V&
I
1
1
..1
1
1
Corporation Ltd
Nordon
—
1
u
-
Co.—
Monogram Pictures common
Chicago Stock Exchange
Telephone:
Co.
Co
Petroleum
Merchants
Curb Associate
Corp
Mfg
Menasco
.Members
;
Co
Aircraft
Lockheed
—
10c
1
10c
I
;
Company
Petroleum
Lincoln
Ford Building
500
70
70
__
•
Car
Motor
Lane-Wells
York Stock Exchange
35
94
Jun
53/b Jan
89
293/4 July
16
Jun
301
277s
3,000
•?; 30c
2
510
495
13
100
93/b
-598'
627a
100
123/4
24
26 7b
a543/8 a54%
__
1
Co
Development
Hupp Motor Car Corp
New
...
*
•
♦
"A" common
Hancock Oil Co
Holly
Co com.
2672 May
11572 May
257a Jan
94
Jan
18% Apr 1
Jun
Hudson
Detroit Stock Exchange
—
Corp
Motors
Jan
Mar
20
New York
__
t
;
-
common———10
General Paint Corp common
*
General
58%
a23% a237a
'
May
197b
17
a69 74 a71
—
.
377b
a23% a23%
—
a71
.—.—*
Douglas Aircraft Co:
.
Dresser Industries
(new)
64
2574
all
all
k283/4 a29
al7% al8
—
*
Youngstown Steel Door common
,
__
*
-.
common
543/4 May
5372 Mar
a453/8 a46%
*
Glidden
3072 May
Jan
44
a587a a587a
a42% a44
a297s a297s
10
General Electric common
Jan
22%
a27
a48% a48%
a27
—*
..—.
Graphite Bronze
f
263/4 Jan
107s Jan
10
1,335
Unlisted—
Addressograph-Multigraph
47b Jun
3% Jun
77
Mar
" 474 Apr |
120
July
Jan
May
Jun
23/4 May
•
Jan
21
100
80
80
v 5
—
7
2472
•
•
1
—
Inc
America,
of
2%
2472
—
9%
5%
307»
75c
Apr
Mar
Jan
Apr
875
875
1,155
3,500
5
i.
Preferred
43/4
100
1
.
Chrysler Corporation
Consolidated Steel Corp
Creameries
27b
__
•
Broadway Dept Store Inc com
Cessna
—
2
1
Corporation
5%
37s
17%
25c
9%
474
2772
70c
47s
47a
,
7%
4
27
60c
27b
9%
27
1
Furniture Co
Berkey & Gay
Bolsa
common..,
Bange Since January 1
Low
High
High
Low
50c
1
_*
1
Corp
Accessories
Bros
Blue Diamond
Patterson-Sargent
Bange
Sale Price
STOCKS—
32
479
4121
Spring Street—LOS ANGELES—TRinity
650 So.
Last
"
Machine
Jaeger
Unlisted Issues
2474 Mar
Jan
Mar
21%
__
——*
.
20%
'
50
—
50
Feb
a543/8 a543/s
*
Goodyear Tire & Rubber common
•
Halle Brothers common..——.....i.5 '
Preferred
73/4
8
887a
:
__5
Co..
common——
Jan
480
9072
22
!( COMPLETE INVESTMENT
High
Low
6%
a23
a23
*
5
preferred
common.
flNDpZ°rcE
Listed
217a 2274
a29% a29%
a57% a587s
_i
Apr
674
Bange Since Jannary 1
512
7
77a
a227e a227s
7
—__
_—
1374 May
9% May
Jun
High
Low
Pflf
Akron
Apr
Jan
17a
for Week
Shares
4%
53/4
Sales
Week's
Range
of Prices
Last
974
1
1
*,<
8
5%
100
■
12%
Cleveland Stock Exchange
Friday
7
100
150
7
7
*
Jun
774 May
8
Direct Private Wire to
•c
10 7b
Jan
Jan
4
—
common——
Products
63/4
Jun
287b
357b
U
Wayne Screw
High
332
12%
—1
—
Low
8%
5% Mar
70% May
18 7b
197b
35
Jan
87a July
627b
683/B
197»
—
Jun
24
May
4
87B
677b
.—C—L—
...
Brands
Standard
77B
227a July
Jan
15%
_..—*
:
—•
Columbia\Gas
General Motors v..-—. 10
kill
American Rolling
Service
Cities
Specialties
Bange since January 1
High
6%
•
wi»——*
Investment
United
Unlisted—
Shares
8%
8%
1
common
Shirt Distributors
for Week
Low
Par
.
May
20
Jan
1474
101
19%
'
High
Low
19%
10
Playing Card.!:-
U S
Range Since January 1
High
Low
Par
Bala Price
STOCKS—
Sales
Bange
Last
Shares
of Prices
8»le Price
STOCKS—
Week's
of Prices
Friday
for Week
Range
Last
■
Sales
Week's
Friday
•V
45
545
35
Jan
Jan
Feb
Jun
Jan
Jan
Jan
uan
26% Jan
17%
68 /4 Ja
'
17% Jan
34% Jan
39% Apr
0,a
39/a Jan
....
_
15 A May
50/4 Ju
180% July
50 k Jun
36 JU
10% July
98 Apr
Q/2
30% Jun
24 /a Feb
27% Jun
38% Jun
42* Jun
may
Monday, July 16, 1945
COMMERCIAL & FINANCIAL CHRONICLE
THE
OTHER STOCK EXCHANGES
FOR WEEK ENDING
RANGE
Sales
Last
Range
for Week
Sale Price
STOCKS
of Prices
Shares
Gas
Corp__
Electric
&c
•.
7%
-
48 Va Jan
4% Jan
16% Jan
534 ''J
8
•
Solvents
Commercial
-25
a31%
__1
Co
Edison
Commonwealth
a23%
1%
Commonwealth & Southern Corp.
Corp__
Vultee Aircraft
Cons
—1
Continental Motors Corp
Zellerbach Corp
Crown
_
Class A'
Company.
& Light Corp—
General Electric Co_—
General Foods
9% Jan
10
550
4%
ID
a42% a44
276
44
42%
60%
.8
Jun
Apr
May
Jan
7%
325
70
495
30
170'
18%
VA
al0%
__«■
„
V:
?
28
28
Inc-
9%
7
——————_
„«
Inc_
Montgomery Ward & Co,'
New York Central RR:
American
Aviation Inc____
._1
North
American
Co
.10
Co———
Radio
Corp
—
.25
Railway
Brands
7%
700
a27% a28
370
145
13%
295
294
16
Oil
Co
(Ind)
Standard
Oil
Co
(N
<
358
a48% a50%
185
a35%
43
a37% a38%
211
a61%
a61%a63%
110
a25%
a25%a25%
95
a33% a34Va
80
16
—
„
a35%
:
.25
—
.25
J)
Corp
—
,_l
i'.
.25
Co
a35
—
.
1
-
Mar
Improvement.
Westmoreland
7%
33%
40%
29
53%
Jun
Jun
May
Jun
Jun
Coal
Texas
.25
Company
Gulf Sulphur
Co
Union
Carbide
Pacific
.10
Carbon
&
Railroad
Lines
United
Air
United
Aircraft
S
Steel
—5
(Del)
13%
25%
108%
.17%
52%,
35%
39
62
29 %
34%
Jan
Jan
Jan
Jan
Jan
Jan
Jan
Jan
Mar
5
Inc
class
Co
2%
A
3
700
71
430
17
17
110
13%
Apr
25
44y2
Jan
20
45
30%
__
.
—
30%
a32% a33%
2V2
__1
a26%' %a23% a26%
_10
a46%
Woolworth Comnany
(F W)
235
a47%a47y8
__
—
Westinghouse Elec & Mfg Co.
Willys-Overland Motors,
Inc.-
Jan
70%
89
a45% a46%
45%
46 Va
525
38%
Jan
'
187/b
19%
1,277
13%
Jan
;.:V
37%
21
30%
Jan
Friday
Week's
Allegheny
Steel-
Ludlum
Blaw-Knox
Columbia
Shares
Jeannette
Gas
Star
Mountain
San
&
3%
23%
23%
9%
9%
23%
.
100
11
7%
,
■
July
3% Jun
20 % Jan
24% May
62
7% May
81
*
'
850
"
142
Feb
100
Jun
July
10%
.
3,730
7%
Jan
15
July
9% Feb 1
1% Jan'
118% Jan
6%
50
Jan
of Prices
Shares
United States Glass common—
vtc
Common
:
Vanadium
Alloys Steel
Westinghouse Air Brake
:
—
Westinghouse Electric Corp com—
St. Louis Listed and Unlisted Securities
Edward D. Jones & Co.
May
Established
Jun
39%
32%
3
71%
;v:'/'vv'
North
'-v
;
1871
4th St., St. Louis
2, Missouri
t'iy/-,/.'1
-
Phone
CEntral 7600
Bell Teletype SL 593
&&&$%&
New York Stock Exchange
St. Louis Stock Exchange
v.--
Chicago Board of Trade
Chicago Stock Exch.
New
York
Exchange Associate
Curb
Jun
17% Jun
48% Jun
37% May
25
Jun
45%. May
Range Since January 1
American Tel
Budd
tE
Budd
Wheel
954
28%
Range Since January
5%
Inv
15%
Co
16%
16%
common
15%
14%
Electric
Power &
25
Jan
157%-Jan
Brewing
Mar
184% July
Huttig S & D
Power
Pennroad
10%
Jan
16%
Jun
10%
Jan
18%
Jun
&
92%
Jan
364
9%
Jan
Shoe
Apr
17% Jan
37%
34
Mar
38% Mar
5
10
100
17%
17%
64%
64 Va
32%
33%
*
41 %
41%
16%
16%
2%
4.4%
16%
Jun
Johnson-S-S
Co
Shoe
common
9%
Laclede-Christy Clay Prod com.
Laclede Gas
Reading
Co
Portland
Cement
Candy
Rice-Stix
common.
*
25
com
National
Mfg
Dry Goods 1st pfd
•
100
common
common
Louis
St
Pub
"A"
Serv
Scruggs-V-B
pfd
Inc
5
-i
Steel
Sterling
common
i
Corp
1
com
common.^
100
common
I
10
—15
preferred
Dome Oil
Paper
common-.
Piping 8c Supply com
Missouri
Salt
*
common
Aluminum
Stix, Baer & Fuller common.
Wagner Electric common
preferred
Tonopah
common—
Machine
Landis
Scullin
i
common
Mining
Bonds—
j.
Investment
Corp
St
pfd
CANADIAN
Louis Pub Serv 25-yr conv
LISTED
FOR WEEK ENDING
RANGE
inc_1964
MARKETS
JULY 13
Week'a
Sales
Last
Range
Sale Price
of Prices
for Week
Shares
Friday
Toronto Stock Exchange—Curb Section
V,'.;.
'
Canadian
- v v./'
Fnnds
Friday
STOCKS
Lftst
.'■/■V''1 v'
Week's
Ean«®
of Prices
Shares
National
8c Son
Sale Price
Low
——
.
A—
—
—*
Preferred
:
100
——
common
Preferred
—1
—
.100
]
—
9%
21%
Consolidated
Range Sinee January 1
High
Low
24%
./
25
45
153
—■
67
21%
High
Jan
9%
10
245
34
46
495
34
24%
May
130
153
35
130
Apr
3%
3"%
2,653
2.25
Jan
45%
75
160
45%
Jan
:
Dominion
8% Jan
Oil
8c
Canada
Vinegars
Dominion
Sugar
Minnesota
July
Oil
4.15 May
Ontario
Canadian
Marconi
Canadian
Western
Selections
Bros ■_.;
60
24
May
26% July
Price
15%
5
11
Jan
15% July
Reliance Grain
4%
2,100
2.25
2,700
1.90 Jun
2.25 May
55%
50%
55V2
100
50y4 Mar
55% July
95c
85c
1.00
1,100
85c
—,
9
9
9Va
4,709
8
280.
2
1.90
2
Jan
Mar
Jan
11%
171%
21%
12%
.
4%c
4%c
1
July
Jan
29
Feb
1.28 Jan
37% Jun
151%
21
11%
3VaC
24c
18%
21%
14%
9%c
1.20
Feb
May
July.
Feb
1.58 Feb
Jun
July
Feb
Apr
May
51c
1.95
2.15
33%
1,590
10
1.30 Jan
33% July
99
4%c
*
75
70
2,940
1,000
7,400
33%
_
>" 2.10
♦
26%
2.00
17
21 %
15
40c
48c
5
1
Oreille
11
*.
1.40
1
24
5
Consolidated Paper
naee
—_——.
—
2
;
1.30
215
900
__
100
-
Paper.
Osisko Lake
—,
__i
Lumber
Westinghouse
Copper
35%
34%
Jan
99
205
95% Jan
2.40 Jun
34
July
99
July
21c
55c
Apr
Feb
30c Apr
1.60 July
Feb
Jun
*
Canadian
—-
—
&
*
——
—
...»
—
Humberstone
75
>
———
Apr
Jan
153
'
34
21 %
•
July
11
28c
Apr
11
46
:
890
1,200
17
Bridge
Foothills
15
34c
_
High
Low
11
Oil
Range Since January 1
High
34c
*
class A.
Press
Dalhousie
Pend
Canada
Low
Par
Sales
Hayes Steel
class
Columbia Pulp & Paper com.
l—*
Co
STOCKS
for Week
Par
Coast
14%
Light common
Steel
Laclede
preferred
Brown
13%
14%
common
9%
13%
common
Knapp Monarch
Corp
British
2%
117% May
Light
Phila Elec Power 8%
Beath
26
May
113% May
16
37%
common
Midwest
preference
Andian
Mar
112
16%
com_.
common
International
1
Philadelphia Electric Co
Transit
Jan
Jun
16%
common
Preferred;
Pennsylvania RR
Scott
23%
112% 112%
pfd
Park Brewing common
Hydraulic Pressed Brick common
30% Jun
Corp
Pennsylvania
Salt
23%
Hyde
Jan
Motors——
National
2nd
_1
Griesedieck-Western Brew
25 Va
Light
Val'ey RR
Philco
13%
22%
common
Jun
July
Mar
16% July
10
50
10
Storage Battery
General
$1
Apr
July
High
Lehigh Coal & Navigation.
Lehigh
Jan
"
8
•
1
High
100
Electric
Falstaff
Key
Delaware
Brewing
535
15%
Co
Pepper common
88
107% 112
;
48
—
Electric
142
16%
16%
7%
common—
preferred
365
29
15%
Co
17%
289
20%
Mfg Co common-
G>
Pub
21%
178% 184%,
180
28 %
Chrysler Corp
Curtis
20%
>
& Tel.
Locomotive Works vtc.
Baldwin
Low
.
Members
May
Jan
Jun
'
American Stores
9% Feb
v
Mining
Toy
Emerson
High
Jun
4% July
May
Standard Steel Springs
Jun
Jun
May
Apr
Jun
Jun
Jun
Apr
Sales
for Week
Low
12%
142
i
Bros.
Columbia
Sale Price
10%
93
50
'
138% 140%
—
Jun
8
Jan
1 y4 Mar
106
:
"
4% "
4'
v
—
140%
—
16%
140
'
14%
10%
V,
—
Corp
Glass
100
34% Mar
Jan
4%
1,639
14%
14%
...—
Pittsburgh Screw & Bolt Corp
Reymer
8
3%
—
Supply
Plate
7%
High
Jan
13
31
—
Fireproofing
Pittsburgh
,:
;
pfd
,
Fuel
National
Dr
8TOCKS-
Jun
28%
150
15%
—
—
Glass
Lone
32%
15%
7%
Electric common.
Steel
Low
32%
-
Gas &
Follansbee
^
Range
38 V2
Range Since January 1
High
15%
-
Co
Continental Commercial Corp com,
Devonian Oil
American
Week's
19% July
for Week
Low
Century
Last
Jun
Jun
47
Sales
Range
of Prices
Low
Friday
3Va
Jan
Sale Price
STOCKS-
117% Jan
;
34% Jun
17V2 Jan
41
Jan
190
213
80
A
High
.
1%
Pittsburgh Stock Exchange
55
Feb
39% Mar
20
Mar
92% May
Jan
Mar
Apr
Jan
Feb
Apr
1 % Jan
59% Jan
a88% a91%
a397/8 a41%
—
Pictures,
20
al29%al30%
—
.»•
—
163 '
al8% al8%
__
.10
Corp—
Union Tel
Western
100
Corp—
Warner Bros
a42 % a43 Va
'
49%
39%
17%
84%
117%
33%
28
40
a53%a54
V
a91%
Corp„.
Company
Inc..
United Corporation
U
—
__
—
Tide Water Assoc Oil—
Union
Low
477
.
300
Texas
Range Since January 1
:
3.Va
37%
-
United Gas
High
2%
3
207/s Mar
10% Jan
19%
101 %
13%
'' 34 Va
29%
35y4
57%
18%
31V4
May
62% Jun
32% Jun
14
July
26
Jun
20% Feb
.
48% Mar
17% Jan
.
647
23%
al21%
13%
all9
a37%
.15
Company.
26
150
a52% a54
al9 % a 19%
__
23%
Inc
Shares
18%
preferred
Jun
39% Apr
9'% Apr
28% May
5% Jan
28% Mar •
33% Jan
65
110
a38% a40
all9%
Standard
&
50
13%
of America
Standard
424
7
„■
,
—
Southern^
25%
a32% a33
—
a52%
>
Republic Steel Corp
Bears, Roebuck
Co
Bocony-Vacuum Oil Co
Studebaker
' 25%
„
Inc-
OIL Co
Swift
'
.50
Phelps - Dodge Corp
Pullman
120
__
Pennsylvania Railroad Co
Pure
13Va
31;
48%. Jan
22
Jan
9% Jan
19% Jan
17% Mar
430
al7% al7%
25%
._1
Pictures,: Inc—
Paramount
29%
13%
—
Car Co—
Motor
Packard
for Week
46%
common
May
Jun
11% Jun
35% Jun
Jan
Jan
35% Mar
7% Jan
26% May
120
28%
-
__
—
220
a63% a65%
__
29%
North
Ohio Oil
9% Jan
270
85
9%'
9%
a26% a27
„
:VV
'
a38% a38%
Copper Corp
Libby. McNeill & Llbby
Loew s,
15
'
'
.,
Jan
al0%al0%
34% 34%
——
;
150
a57% a57%
:
Kennecott
,
3814 Jan
40% Mar
54% Jan
5% Jan
a43% a45%
-
__
—*
—
Inn Tel 8c Tel Corp-——
$3
Corp
:;.'V
July
„
Sales
Range
Low
United
15V* July
—
a45 ya
Corp
Int'l Nickel Co of Canada
475
15
—•
—
Iron
15%
10
—.5
a43%
Graham'Paige Motors Corp——.
Interlake
240
a7
a22%
—
Co
40
30
243
62
a7
*—
Corp_
(B F>
Goodrich
May
Jun
Jun
Mar
Mar
Week's
of Prices
.
Last
———-—
Power
70
31%
1%
25%
12%
34%
25
7%
22%
23
a7%.
23
„1
Electric Bond & Share
Electric
.
23
__1
Cwtiss-Wright Corp
174
1,050
15
—V,
5
460
a31%a31%
1%
1%
a23 % a23%
all%all%
a31% a31%
a22% a22%
—
__5
(Del)—„
Co-
Continental Oil
18%
18"
Corp—
66
Jun
8
July
18% July
29% Mar
Feb
18
Jan
9
Jan
33% Apr ;
21
Mar
5% Jan
19% Jan
100
a63% a64%
Caterpillar Tractor Co
Last
Sale Price
STOCKS-
Range Since January 1
Low
High
High
Low
Par
Columbia
JULY 13
Friday
Week's
Friday
—
100
pfd
"
4% May
1
10%
May
Jun
Southmount
Stop
&
Shop
Supertest
Investment
*
ord.
Mining-.^
Petroleum
Temiskaming
_
*
III
10c
22c
22c
1.60
1.60
70
100
45
__
.
:
45
19
10c ll%c
6,000
Feb
7%c Jan
41
-
45
19c
July
Apr
CHRONICLE
THE COMMERCIAL & FINANCIAL
Number 4403
Volume 162
LISTED MARKETS
CANADIAN
WEEK
RANGE FOR
ENDING JULY 13
Week's
Sales
Last
Range
for Week
Sale Price
of Prices
Shares
Friday
STOCKS—
Canadian Listed and Unlisted Securities
Willans
Cochenour
Plow
Cockshutt
•
Co
6%
7
1.90
1.90
1.60
1.65
15
14%
Consolidated
Mining
69
68%
*
Cosmos
Toronto Stock Exchange
1,191
49
Jan
146
233
145
26
26V*
1.52
1.55
*
-1
Last
Range
Par
*
.
Abitibi
6%
&
Power
Paper
Preferred
Ref
corn—
lioo
Surpass
Aldermac
_i
—
1.95
Ltd
7
July
17% July
Dominion
100'A July
Feb
Jun
19%
40
12C
1.25 Mar
9c
27,100
122
25
.24
pfd -100
of Canada 5%
Co.
90c
*
Mines
Gold
Area
90c
8.90
Armistice
Gold
Arntfield
] 7'
24c
22c
3,000
50c
——
48c
50c
40c
Mining
37c
42c
105%
Jun
1.13
Jun
96c
Apr
27c
Mines
Astoria Quebec
29C
May
-27c
Mar
51c
Jun
Jun
50C
May
37C.
Geld
Feb
21c
16c
Jan
29c
3,900
41c
Jun
Mar
18c
60c
COc
64c
55c
129,400
1.08
1.03
1.15
21,900
4.00
4.10
2,200
37c
35C
38c
12,400
16c
16c
1,633
,:*^'7
Consolidated Mines-
Bankfield
Bank
of
of
Nova
10
Montreal
Bank
Bank
of
Scotia
Bathurst
—
-
19
19%
525
•:7;;
29
29'A
29'A
A
30
14 %c
15c
4
15c
Gold
1.03 May
80c
•7
7
17
Apr
Fanny
Apr
Federal
Jan
60c
16%
Bear
85
14
Jan
173/4
3
Apr
4%
Jun
Beu
100
Telephone of Canada
Gold
Belleterre
Berens
Sons-
&
Gold
Bevcourt
--
5
..
22%
Feb
30
Jan
172
July
172
1,900
91c
36c
9.50
-'
Kirkland Gold
Biitmore
—
_
b^C
38c
July
85c
5,buO
36c
9,850
1.30
Jan
19
105
8bc
Hats
11%
1
Mines Ltd
Bonetal Gold Mines
bobjo
July
22
Jun
10
Jun
7
Mar
12
Jun
Jun
•Va4;
11
n
9
16%
16%
17
1,851
1,410
14
Jan
19%
17
18'/a
135
13
Jan
18% July
Jan
11
■-
7%
10%
10
10'A
365
1.08
1.00
1.18
44,300
98c
22c
1.05
1.01
1.18
30,714
40
42
2,100
30c
2.70
2.60
2.75
3.20
3.50
12,400
-7
Mar
Mar
12
23
630
14
Apr
23
13%
110
11%
Apr
14'A
Jun
98C
42,150
53c
Apr
1.20
Apr
69c
63c
75c
107,750
16c
Jan
2.23
Apr
5.75
5.50
5.75
925
4.30
Jan
9c
8C
9c
—*
"
*
*
6%
5%
6%
29%
29
29%
830
3'A May
24% Jan
24
25
185
21
5.00
5.00
5.20
6,350
4.95
Jun
9.25
Feb
*
13%
13%
131/2
180
10 'A
Apr
13%
Jun
101
101
101
100
100
Jan
35c
Jun
67c
class
A
Exploration
9
___•
Brazilian Traction Light & pwt com__•
253A
25%
26
10%
10%
10%
____
& Distillers-..
Brewers
British
American
British
Columbia
British
Oil.
Power
_♦
Broulan
25
895
32
15
25*A
44c
42c
45c
1
A
61C
,61c
64c
3%
Porcupine Mines, Ltd
.465
26
25'A
•
•
class
Oil
485
31%
«A-"'
B
Dominion
2,515
.
3%
300
■
7
Jan
18
Gold
...
Apr
9
Gold
Mines—,—1
Buffalo Ankerite Gold
22'A
Feb
8'A
27'A
445
35
July
4%
1,185.
3
Jun
73
25
65
Apr
78
Jun
5'Ac
Jan
15C
Apr
i
■
2,300
:
5,310
16 Va
16% ' • '
7.
55
Buffalo
Canadian
1.15
1.10
1.15,
5.40
23 %
:
Jan
25
Apr,
27
Apr
2V4 May
61c
4%
July
Mmes
•
,
31c
30c
•
Gold
22
213/4.;
37c
150
17 24,737
5.00
Products
Purlington
Steel
>
—
—
13
215
22
B
Arrow
103
10
7.00
21,527
40
2,600
Calgary & Edmonton
___*
Calmont Oils
Campbell
Canada
78c
Vtc
■
:
Red
^anflfia
__1
.
—
65c
15%
A
Permanent
48'A
9%
10%
350
7%
35
35
35
80
16
16'A
235
vtc
7,258
25c
1,700
7 21'Ac
33c
16,600
26 %c
30c
30c
•
27c
Preferred
100
—
Bank
Canadian
Breweries
Commerce
8 VaC
1,000
4c
39c
14,400
26c
July
26c
.
17c
18c
14,000
yc
Gold
1.05
/2.920
83c
Canners
preferred
Conv preferred
Car &
*
common
1st
20
*
:
...
Foundry common
preferred
Canadian
Canadian Food
Products
Canadian
Industrial
Canadian
Locomotive
Canadian
*
Malartic
Oils
_*
Alcohol
6c
A
*
1
-
7%c
7%c
Pacific
Canadian
Shipbuilding
Canadian
Wallpaper
Gold
7_;
Ry_._____
class
74 |
8
35c
37c
11
12'
12c
13c
13,540
6'Ac
8C
3.60
7'A
■
90
197/a
275
19'A May
173/4 Feb v
13%
405
10
31%
313A
100
273/4
Apr
105
45'A
Jan
125
19% May
52
23%
•%•.
54
233/4
73'A
;
542
75
20
May
-14%
V
Jun
32'A
Jun
58
Jun
75
260
9'/a
27
-
-1,435
1,600
340
18%
19%
5,350
11
100
21%
21%
6%
16
70o
19
Feb
Mar
Jan
Jan
Jun
35
Jun
1.35
29
J&u
11%
Jan
21
Jun
Jun
11
July
25
15'/a
Jan
22
Jun
21
10
16
Jan
21
July
2.50
2.50
; 500
Jan
2.90
1.80
Apr
1.25
,..i
I
1.25
500
1,800
24c
27c
16,200
115
25c
____100
2.65
115
15
2.50
Mlnes.Il
.....
280.
1
5
5'A
200
1.75
1.64
1.75
-1,600
32C
29c
33C
25,000
1.00
Jan
1.30 May
1.89
Jan
2.85
12%c Jan
Feb
33c
4
Mar
1.50
26o
Jun
Jun
115
1
1
.
*
—
paid—
75C
'•
•
80c
6,000
68c
8,650
5%c
Jan
20c
38c,
17,400
10,600
43 %c
60,000
20c
Apr
1,000
10c
May
«14Vac
Jan
20
18
115
19%
123/4 ;7
10%
1,090
12%
12 3/8
3.80
3.80
3.90
2,000
30c
33c
16,050
13c
15c
■135,500
64c
13,500
46c
7,225
14c
60C
60c
27 %c
48c
35'A
Feb
29
10
20
35
Jun
29
15
17
28
21%
22
May
19%- Apr
15% Jan
7 16
13 Va-
825
13%
13%
100
9%
525
9'/a
9%
,,
:
Apr
Jan
,12'A
Jan
12%
Jun
'
-34%
Jun
17
July
22
.
July
Jun
A3'/a
Jun
-14%
Jun
.
-
10
-1.40
Jan
30
230
22%
524
103%
Apr
105% 105%.
158
103
Apr
30.
Feb
105% 105%
29%
29%
.•16%
Jan
71C
2,200
7
Apr
8
'
1.00.' 1.10;
; l.io
Feb
13%
3,522
13%
18%
745
15'A
15%
-
"
37'A
38
38'A
.31%
1,080
-106
23
1.00
28c
28c
28c
2,100
9c
Feb
Apr
7c
-1:60
'•<
52c
Apr
i8c
Apr
7,906
28c
Jan
4,900
5 'Ac
Jan
8c
3,128
3c
Jan
12%c May
55c
Jun
1.35 May
37c
July
17,200
28
28
50c-
Apr
10c
13,000
1.15
Jan
13c
42c
-
•
67c
13%
Feb
A8c
Jan
44c
,
Apr
Jan
56c
______———_
39c
3c
1,000.
37c
*
24% Mar
10c
7c
60c
14
25c
Feb
Jun
1,500
13c
7:
7c
38c
50c
Jun
-
13c
III—"III
Jan
90c
7 1,200
Jun
"39 %
Jan
21%
3.555
1.12
22%
Jun
Apr
106
•
•
—
Mines
Apr
Jan
16%
1
Kirkland Hudson
1.09
Apr
Jan
39%
Kerr-Addison Gold
Kerr
Apr
"177/eC May
29
22%
....—.
Feb
43c
29
7' ;7c,
Canada—
Feb
4.30 Mar
Jan
Mar
3%c Jan
Apr
Mar
13% May
Jan
3.05
25c
May
34c
9c
Kelvinator
65c
30
42c
Kayrand Mining
87c
Jan
-575
■
33'A
—
July
1.40 Jun
.7
33 Va
43c
43c
33%
——
May
Lake
Apr
40c
1
Consolidated
of
Apr
73C
—
Mines
Quebec
Feb
15c v
33c
105%
Mines—...
Jacola Mines
Joliet
90c
?
70c
19
Jun
65c
Apr
10'Ac 10'Ac
.
M
July
8 V2
•>
Mar
—...
Mines
Apr
Jun
17
Jun
6 Vo
-
Jason
9
54'Ac Jan
•
preferred ——:
;
International Nickel Co common
International
Petroleum
...•
:
International Uranium Mining—
Jellicoe
Feb
31,261
10°
100
*
—
Gold
Apr
0'/4
16
635
-
*
International Metals common A—
Waite
15c:
-4,00 May
Jan
.....—.
10
*
ordinary_5
*
———-—-6
& Devql
——
1
Jacknife
Apr
Jan
3.10
1.40
*
*
Jun
5% J"'v
2 42
•
1.7"
.
105
S
(John) —
Inspiration Min
Jack
15c
::
31c
B
& Erie 20 %
Inglis
J
2.50
-
35c
*
Consolidated Gold Mines.
Preferred
Jun
Apr
3c
•
160
8
Feb
Apr
12
May
1.25
35c
Jun
10
17
14%
54c
Jan
5c
1,165
lOclO'Ac
70C
Imperial Bank of Canada—
Imperial Oil —~
Imperial Tobacco of Canada
Imperial Varnish
...
July
10'/2
7
Jan
8%
7
22 %c Jan
5,350
•
77c
*
Jun
24%
.
Jun
35c
1
"A"
5%
Jan
Feb
21
Wines
page
49%
Jun
253/4
•
Jun
193/4
Apr
1.05
—l
Chest.erville Larder T.ake Gold
Citralam Malartic Mines
see
243/4
July
5134
•-
30
11
......i
Porcupine Mines
Chartered Trust and Executor
•ed
Mar
173A
32'/2
19
17
Jan
7 Jan
Jun
30'A
7%
77c
1
—
Gold
Class
30%
1.40
Gold Mines—
Huron
6 Va
Apr
26% May
413
,7c
10%C
1
Mines.
Mines.—.
Hudson Bay Mining & Smelting
Hunts, Limited, class A
Jun
Apr
Apr
300
..
—
Yellowknife
Homestead Oil & Gas
Howey
16%c
Jan
4
7
15,125
3.50
7
"
•
Mar
200
.8
Jun
Jun
57
23
55
12
7
Homer
Hosco
Jun
17
173/4
26%
.25
8
Jun
100% July
15
26
1
Mines
Central
footnotes
Jan
175 -:, 7- -44
July
29%
10c
104
•
4JAc
130
245
35c
8
Oil
Home
July
28
9
May
14
8%
B—.
i...
Gold
95
1.00
21%
class
Castle Trethewey
Gai
"•
23 %
A...
Quartz Mining—
Patricia
"'
...
Tire
Canadian
35
1,005
12,991
Apr
1.36 May
Apr
90
3,600
5%
V\:717,:
Heath Gold Mines
Hollinger
:
Jun
78
-
Jan
17
7,-.
Jun
22c
53 JA Mar
10
195
10c
5
7
29-29%
5
.
—.
Mines
Hasaga
55%
55
*
Cotton
Highwood-Scarcee Oils——
Hinde & Dauch Paper
Mar
47
Apr
Feb
13
13
8%
70
23
19%
19%
'
173A
24%
'
24%
.
175
Jan
35
150
32
—
common.....
Canadian
210
77
17
Apr
-44c
Jan
:■3c
13,500
8c
6c
;
102 'A 102%
Alaljastine—.——•
Heva Cadillac
July
47
51.
..
Jun
17
27
1.00
com
.......
.....
35
Jan
50%
,
•
common
Dredge & Dock
Jan
7
Jan
15
51
•
♦
__25
Celanese
Canadian
17
•
„
Jun
Apr
11%
16%
•
Jan
55%
—*
...—1
Mines.
Harricana Gold
*
July
12%
5%
-
■
Jan
1.02
7/
17 %c
1
6% Mar
33
158%
265;
Mar
77.. 14c Mar
Jan
26c
—
Harding Carpets
Jun
100 100'A
'
16%
•
common
Preferred
Canadian
...10
2.40
75
10%
10
9
Jun
8%C
29
West Saddlery common—
Gold Mines Ltd.
Hamilton
Feb
Apr
Apr
356
—'
May
51c
25c
29
Jan
Jan
17
8
50c
47c
»
Jun
;77 27
7
May
51c
1
Jun
56'A
77
9
Mar
35c
15,500
1
*
—1
com
Preferred
Halliwell
Jun
39%
€5c
Jan
18c
-
——
May
13 Va
Apr
173
.45
--
*
common
Jun
Jun
16
--
»
Bakeries
63
173
17
50
Canadian
For
175
—*•
Class B
Chateau
56
•
common
Preferred
Central
56
100
Mortgage..
Canada Wire & Cable class A.
Cariboo
9'A
•
Steamship Lines
Canadian
809
16'/a
class
Canada
New
12%
10%
Power..
Canada
Canadian
1 80
12
V
30c
5% July
25
4
B
Canadian
11,1UU
175
,
2.15
Jan
Jan
75
•'
*
Packers
Class
2'«5
1.70
2lc
Jan
15c
Rubber
Paper
Gypsum Lime &
.123/4 July
Jan
July
57/e-
7(i
common
Northern
Canada
700
24c
16c
——-—1
common...*
-50
Co
&
Jan
22'A
75
.'——7
—__50
Malting
Canada
2,335
25c
5%
1.92
_*
common..
...
Cement
Canada
7
Lake
1.90
25c
1.90
7
July
3%c Jan
45,300
1
.—1
Gunnar
Jun
6.50
Jan
10
Mar
11% Jan
40
-•28c
777 9c
22c
pfd
Great
Feb
1.25
Jan
10%
105
Feb
Jun
July
Jan
20c
——
—————
Mining—
Bousquet
Lakes
Great
Jun
Jun
18'A
224,
10%
1.80
1.85
————L
Bread
Class B
10
17'A
6.50 Mar.
25-
22c
1
1
1
;J.
Mining
Graham
73'Ac Jan
8'Ac
225
13
13
10
*
...
July
7101%
103
1
Burns Bros class
Jun
-100
Mar
*
Ltd
Mines
Tire
Preferred
May
Jun
Jun
95c
-.101
F'eb
15
6.70
•
Building
Jun
July
7
92
—1
Gold.—.
——
Eagle
Goodyear
Jun
32
Jun
1,000
>-30
«7 25
May-
97
:
90
1
Gate
253/4 Jun
.
20 V2
40c
5.40 ;*>
6% July
-Feb
25
■<<£
--
40
Golden Manitou Mines
Jun
11
7
Feb.
3,700
5.40
Mines
Jun
36%
72
6.90
.1
Buffadison
Feb
5'A
35
3%
*
common
*■
A-——-———100
1
Golden
July
6,600
;
39'A
36
72
Wares
■
Golden
Feb
6%
77777-757:
lA"
24'A
25
•
Packers.
Columbia
Class
British
5
14%
390
'
■7. 6.25 Mav
4%
Mfg pfd___———100
Gold
Goodfish
17
July
Jun
15'Ac
6,000
9
6.75 May
89c
Goldale Mine
Apr
2,500
:
Apr
3.05 May
-
r
-100
...
Mining...
Lake Mines
God's
Mar
32c
28c
16%
21c
Jan
38c
13%
warrants
Glenora
Jun
Jan
12C
41C
9
Ltd.
Apr
July
•
1
*
—100
—1
Candy Shops
Gillies Lake-Porcupine
May
40c
16%
Mines,
43
21 Va
23
95C
—1
common
Steel
B
Jun
45c
•
Bralorne
Jan
7 2.26
16,600
•
Brantford Roofing
2.50 Mar
2.40
July
10%cJuly
6,450
3.25'
*
*—1
■_
Petroleum Co—:
Preferred
Apr
55c
•
Apr
10
20
20c
Jun
Jan
40
23,000
10 %c 12 %c
11 %c
Giant Yellowknife Gold Mines—:
Feb
1.46
21c
40c
-
11%
19c
20C
7:
Gold Mines
Bonville
7
4
2.9%
Feb
1
Canada
of
Goldcrest
Bidgood
Jun
Feb
14%
12% July
Feb
90c
1,500
"
77.-19-: 20'A
1
--
161
503
123/4
1.15
16%
24%
120
42
,
Products
Apr
170
'
1
11% May
550
1'
Mines.
General
40'A July
40
28
1.15
—
__
Jun
22 % July
215
—1
—*
preferred
5%
1.90 May
Feb
11%
12%
Mines
River
Bertram
172
1
Mining
28
29
Feb
15
Gatineau Power common.————
Feb
2.35
Jun
Mar
'
'
Jan
18
,17
*
Kirkland
Frobisher
Jun
1.22
6,800
;■
25 Ve
24 %c Mar
7:
10,500
1.65
40 .40%
•
22
28%
L
Machine
Grain
Foundation
Jan
31%
27% May
12 %C May
1.55
1.47
1.60
_
235
410
26%
17
Mines
Farmer
Ford Co
Jan
30
29%
1.31
1.60
Class B
Jun
27%
22% :
26 %
28
Aircraft
Fleet
19% July
Mar
'
4
65
May
180
1,43
Exploration & Radium—
Beattie Gold Mines Ltd
Feb
1
Preferred
22'AcApr
Apr
26%
4
25
4'A
July
2.00 May
42%
'•
14
:
-
Co..
General
Beatty Bros class A
13
255
61'A
•
Falconbridge Nickel Mines
1.90
10'AcJun
360
4
4
31% July
Jan
59
common..*
.....
Gold
Eldona
Jan
13c*
8,100
17
17
...
Class B
July.
1.15
17
On_!
Washing
Easy
4.25
3.60
135
-
class
Power
•;-,.'V.
'7
.—10
Toronto-
Metals
Base
v
10
—
•::
July
12
700
28%
Eastern Steel
Federal
Mines
Bagamac
30
1,525
60
Gold Mines..—.
Sullivan
Jan
74c
4.00
49c
1,900
12%
1.40
*
—
Mining
OrtTfti
f'.n.si
East
Jan
35c
1
50c
30%
12
1.40
Apr
16c
6,520
12,650
1
Mines
30
Jun
Mar
14%
East Malartic Mines
Mar
10c
1
Aubelle Mines Ltd
Auraaque Gold Mines
Aunor
Mines
Duquesne
May
6'Ac
9c
16%c
1
—1
„
Mines
Atlas- Yellowknife
17c
12'A
25
Chemical
&
Tar
East Amphi
Jun
Jan
19,000
9c
.1'
—
Jan
Mar
9.55 Mar
Elder
Ashley Gold
12 %c
*
Dominion Woollens common
10c
7
8,700 r
4,700
30%
—
_.
Dominion
16C
3,500
22c
Stores
Dominion
Jun
Jan
60c
5,000
20c
16c
*
com
common
129%
Jan
7.60
648
:
60c 62'Ac
20C
22c
\j.
'
-
62'Ac
1
Mines
Gold
Arjon
I—1
Gold
Ltd—
4,300
:
Malting
Jan
100% Jan
7 730
Jan
195
105 105%
8.80
Canadian Oil
Anglo
Anglo Huronian
Aquarius Porcupine
2.10
l_25
...
& Steel
20c
July
95
pfd
Dominion Steel class B;
2.35 May
•-
Donaida
Aluminum
1.12 July
Apr
100'/a July
L850
9c
•
common
Foundries
17
121%
12c
Copper
Aluminium
Coal
Dominion
3,140
1.95
Jun
60c
10
Dominion
Mar
22%
1.90
:
60c
750
•
Bank
Jun
Jun
44
35
117,750
1.90
•
5'A
7,940
17'/a I-
22%
22'%
common——
& Gas—A
a]ax Oil
Dominion
1.12
14c
1
common
Mar
1.92 Mar
1.50 May
2,600-
Feb
1,60 Mar
27
Jan
23
90C
14c
*
Ltd
149 '/a
1.80
r_* ■
:
...
62%
2% Mar
7
100% 100 %
100 Vz
*
Agnew
17
A___.
Seagrams
Mines
Dome
High
Low
900
60%
class
;
Distillers
Range Since January 1
\»;
4%
58%
17'A
*
—
_—
4%
60
-100
—
*'
Shares
High
4%
common—
preferred
Acadia-Atlantic Sugar
Low
97c
*
•
Mines
Delnite
for Week
of Prices
Sale Price
STOCKS—
-i;
1.55
1
•
1.00 Jun
340
Jun
Jan
•70% May
Jun
3,200 :
■
Apr
16
May
1.20
...
Class B
Sales
Week's
Friday
2.09
145
........
.
Leather
Davis
Funds
Canadian
2.55
1.10
Petroleum
Davies
Jan
Jan
14
:
May
6% July
7% Jun
SVz Mar
145
-69
Jun
78c
1.33
1.15
Imperial Mills.
Mines
Crowsliore Patricia Gold
Aircraft
165
Jun
15
1.45
7
100'
900
;V
••'-4.35
Jun
•
.^5
Croinor Pershing
Cub
5%
100
Smelting
&
(Toronto)
Conwest Exploration
Branches:—KIRKLAND LAKE—TIMMINS
•
H
-
Jan
43c
700
15
•
Bakeries
Consumers Gas
Cable Address:—"Dohroadco" Toronto
Telephone:—Waverley 7411
6%
High
Jan
12% May
30
V'
1.90
2.94
:
7,000
6'/a
6'/a
Consolidated
street, toronto 1, canada
293 bay
63c
59c
60c
1
...
Mines
Coniaurum
EXCHANGE
STOCK
TORONTO
THE
14'/a
750
—5
Co
Coniagas. Mines
MEMBERS
12,550
Terminal
National
Conduits
4.30
13'/a
13'/a
l
Collingwood
Low
High
3.90
4.10
1
Lake
Com
DOHERTY ROADHOUSE & CO.
Mines
Gold
Range Since January 1
Low
Par
14
50c
1.20
35
V
18
11%
Apr
Ja»
3,140
1,100
30c
Jan
800
50c
Mar
..
59c
•
Jun
29 V2
Jun
15%
.
Jun
50c
Jun
1,35
Apr
/Monday, July 16, 1945
THE COMMERCIAL & FINANCIAL CHRONICLE
CANADIAN
MARKETS
LISTED
RANGE FOR WEEK ENDING JULY 13
Week's
Range
Sale Frlee
STOCKS—
Shares
Kirkland
Labatt
Lake
Mining & Exploration
Shore
28c
223/4
22
4.50
4.65
.
Lang
—
Leitch
Gold
Mines. Ltd
I -
class
Macassa
18
7.25
Jan
243A Mar
Jun
.
15% Jan
9c
Jan
22o
Apr
25c
Jun
34c
1.33
1.33
1.36
9,835
;
10
preferred
•'
Gold
1
Malartic
Mines
South
End
Red
6c
Petroleum
•
Red
McWatters
Gold
8%
3,535
Chemical
Apr
48c
Jun
57c
Jun
Standard Paving common
Preferred
a
Steel
1.71
1.80
14,460
Jan
2.10
Jun
28
28%
310
26% Mar
28 %
Jun
27
175
25
Mar
27
Feb
1.50
26,400
89c
Jan
42,523
54c
Jun
80c
,
52c
57c
4.15
2.85
2.95
2.55
2.65
4,910
2.17
3.55
3.65
6,025
3.25
4c
5C
6,100
13%
155
Jun
1,650
Jan
Co
of
Canada
•
4%
5
150
•
I
15%
15%
230
•
2.25
Jan
common
Preferred
,
75
25
77
•
-
Steep Rock Iron Mines—
Jan
Moneta
Moore
16%
22
Jun
308
17%
3,200
8c
Jan
78c
3,700
77c
Jun
1,070
13
29
106%
107
9%C
9%c
500
8c
62%
63
165
59%
3,136
22
65
105
1.50
(G)
18
4.60
4.80
8,240
60c
65c
4,100
21 %
21%
24
670
1.77
1.90
1,170
33
33
45
124 128 %
11
.
1
4.75 "
•
65c
•
4%c Jan
49,900
23c
30c
Towagamac
Jun
July
1.85
15%
Apr
35 Vic Mar
Jan
16c
39c
18c
19c
13,350
6.15
6.45
May
16
9,975
4,200
Jan
17c
1.90 Jan
53c
Jun
33c
12% Jan
110
18c
Traders
Class
Preferred
•
1.53
1.50
Union Gas Co_.
•
8%
8
Mining —-——.————$1
42c
19%
39c
19%
Union
United Corp
—
!
class B
United
Oils
United
Steel
Apr
6.90 May
Negus Mines
-
1.26
256
8c
*
—
30c
Mar
43
Apr
46 %
Mar
Feb
11c
Mar
8c
37/a
6%
Jun
West
Feb
Western
Grocers
Westons
Ltd
48c
6,000
39c
Jan
75c
Apr
35c
39c
24,800
29c
Jun
64c
May
2.75
500
Jan
Jan
12
Jan
16% Mar
16c
12c
Jan
32c
71c
Jun
4.50
4.70
Apr
1.05 May
Worts
5.10 Apr
Jun
79%
76%
93c
Malartic
*
Mar
21
Apr
22% May
1.41
Jan
1.77 Mar
95c
1.20
90c
1.63
July
145
Apr
Feb
Feb
53
128
Jan
203/4
1,870
18
Jan
100% 101%
214
99
Feb
101%
Jan
4lc
,138 1443/i
1443/4
•
I
common
69
90c
1.37
78
22%
1.34
com.
20%
19%
20% July
Feb
3,00 Mar
590
&
Wasa Lake Gold Mines
Jan
2.60
Jun
2.59
Apr
1.85 Mar
22%
22
Yellowknife
Jun
77c
4.55
Mines, Ltd
Preferred
30
Nipissing Mines
Jun
22
14c
Oils
Mines
Waite-Amulet
Jun
1.85
2,000
9% Jun
61c
May
16% May
July
13%
Jan
25
13%
5,100
6,350
45
36c
73c
26c
1.53
120
12%
•:
May
17% Mar
20
,
1,050
256
28
7Vi May
42c
1,745
5,383
8c
/
Ventures, Ltd.
28%
3.15 Feb
8%
5,950
Vicour
'
May
17% July
5%
Vermilata
Feb
Feb
19% July
108
Apr
2.09
Feb
1.10
Jan
Apr *
1.40 Jun
534
Jun
12
20
8,250
17%
1.95
Apr
20c
17
Apr
48c
.
1.60
Vi'
5%
653/4
225% Mar
53
Apr
45
17
2.06
24 %
Jan
3.05
132
Jan
•
20% Mar
21 %
Jan
36 % May
Feb
Mar
Feb
—.1
57
1.46
—
•
—50
—
415
Jan
28 Vi
17
_=
-
250
28%
July
25% May
Jan
90c
111
100
Upper Canada Mines Ltd
76c
20%
-
Apr.
5.65 May
88c
Mar
14
19
Transcontinental Resources
63%
13%
10
20
19
■.
1033/4
17%
223/4
"5
18
Jan
Apr
108
_100
pfd
Class A rights—
Walker-Gooderham
National Steel Car
May
3.45 July
Jan
Jan
2,500
103% 1033/4
'a.-,;
i
A
63
13%
4.05
Apr
3.50
51c
17
28C
19%
2§c
•
»
' Class B
73c
•
16%
24Vic
27c
19%
Exploration
Finance class A
22%
common
15c
Jan
May
8c
223/4c Jan
6,500 7:
common
Toburn Gold Mines——
Jun
5,500
Tailors
33
19c
2,050
20c
250
17%
•
common
Teck-Hughes Gold Mines
1.85
67% Mar
1.56
26 %C
3.35 Jun
2.50 Jan
1
Jan
53/4C
22c
Jun
80
43/4C Jan
1,900
•
Jun
5c
26c
Grocers
763/4 July
Apr
4,337
Jun
1.50
Mosher Long Lac
National
Jun
16% July
■
2.40 Jan
18,000
100
107%
5c
common
;
Mar
12,700
9c
256
Corp
67
72.
3.10
3.45
Toronto Elevators common
29
May
1.55
26 %c
v^ivlS'
77
.
2.35
Toronto General Trust—
13%
Mar
1.35 Mar
Class A
May
7c
Apr
15 Vic
8% Mar
12
273/a
75 %c
53/4
Feb
3 Vi
14
3.15
1.09 May
Apr
10c
& Power-
Feb
9% Jun
Apr
Feb
80c
.1
Light Heat
Jun
1.84
Jan
7
2.30
Thompson-Lund Mark Gold Mines
Apr
Jan
12
9c
21%
1
Porcupine
Montreal
1.25
Mines
Cons
Tamblyn
4.15 May
21
Gas.
15
Sylvanite Gold Mines
2.85 May
Jan
Jan
2c
8%c
15%
&
Feb,
3.40 May
6.40
Oil
425
763/4
2.77
.
Sudbury Contact
4.50 May
5,642
/
3.85
9c
Mercury Mills
64c
May
2.09 Mar
1.23
21
Mining Corp
90c
Jun
United Fuel class "A"--
Mid-Continental
16
320
8
26%
•
Gold—
Mines
Jun
6 Vic
8 Vi
1
Lake
McMarmac
9 Vic May
•
1.50
Jan
1
!
Mines—
3,000
Jan
Standard
27%
Lake
Mar
3c
Feb
1.15
:
McKenzie
50c
9,900
12%
McLellan Gold Mines
5,400
7c
16
50c
62%
Jun
101% May
52c
1.45
13%
—5
15%
;
50c
1.42
1
_.
Feb
May
Jan
15%
*
Segur
19% July
Feb
10 Vi
100
58c
1.45
17,400
100
•
,
19,470
15 %
32,800
80c
Apr
Apr:
73c
•
4.00
1
107
70c
51c
:
25
•
4c
—
May
95
70c
1
Mines
/f:
Sturgeon
'2.65
common-
Feb
10%
July"
15%
315
19%
14%
Co
53c
•
5% July
100% 1003/4
100 %
Springer
2.85
Mines-
Mclntyre Porcupine Mines.
99
18%
—100
preferred
Tip Top
McDcugall
10
14%
*
4Vi %
Sullivan
pfd
100
Apr
3.60
Oil
10
9
99
*
—
Dairies
548
Apr
45c
Ltd
McColl Frontenac
Jun
13
9
10c
52c
■
Fields
Preferred
16
Apr»;
71
17
43c
1.17
Manitoba & Eastern Mines
Massey-Harris
Jan
10
10
Jun
44c
53 %C
Marcus Gold
Jun
13%
16
10
Jan
35c
28
Preferred
35
3c
6,500
1.80
Maralgo Mines
Feb
153/4
255
6c
A
Maple Leaf Milling Co common.-.
Apr
30
Southam
16
1.35
Gold
4
10
July
5%c
Gold
Lake
Gold
50
35
V
Bladen
6,500
1,
u_
Western
Class VB"
'
Red
Malartic
5%
*
L.
com
V
Siscoe
10,900
new
Simpsons Ltd class "A"—
18% Mar
14c
153/4
MacLeod-CocKsfcutt Gold Mines
Madsen
Preferred
Silverwood
9.15 May
6.15
85
5%c
Goldfields
Mines,
Jun
30c
26%.
Yellowknife
Jan
6.25
1,125
8.00
15%
Class "B"
Louvicourt
17%
520
300
13c
Little Long. Lac Gold Mines Ltd-
Lynx
22
i
High
Low
5%
5Vi
———
High
16
Apr
6.50
Range Since January 1
Low
—
Silverwoods Dairies
Jun
Jun
26c
—
Groceterias
1.76
24 %c
18
-
Lingman Lake Gold Mines
Loblaw
1.05 Mar
12c
52c
Gold
Lexinden
3,800
10,200
1
.
Shares
35
common—
Preferred
May
1.50
1
Mines
Oro
for Week
233/4 July
Jun
3
Laura secord Candy
Lebel
Sales
Range
of Prices
Par
Ltd,
Silknit,
New
•
1
1
Sons
&
Jun
5.15
7.50
*
Lapa Cadillac Gold Mines
22
Jan
6.50
—*
Lamaque Gold Mines.
40c
2.35
21 %
21 '/a
-—1
Ltd
Jan
15c 16'Ac
15 Vic
Gold Mines
Mines.
1.44 May
14c
V'//'/}/
■'/
■
3,400'
1.40
1.50
1
High
Jan
1.00
14,400
223/4
f4.60
Luz Mines
Lapaska Mines
4,575
38c
*
1
Lake Dufault Mines Ltd
La
23,100
——1
Townsite
Late Fortune
1.40
39c
(John)
Labrador
High
1.32
5
Lake
STOCKS—
Range Since January 1
Low
Low
Par
Kirkland
Week's
Last
Friday
for Week
of Prices
8ale Price
Sales
Last
Friday
New
46c
Bidlamaque
Nib
2*35
..t-j
•
56%
56%
57
1
90c
90c
93c
I
13c
13c
13c
Norgold Mines Ltd
1
12<?
7 12c
12 %c
Normetal
■
Noranda Mines
Malartic Mines
Norbenite
Oil
Nordon
Mining
•
Canada
Star
Oil
Gold
O'Brien
Ltd
Corp
Mines
Northland
Northern
North
.
Apr
Wood
2,000
6%c
Jan
20c
Apr
72c
6,454
64c
Feb
89c
26c
Apr
6%
6%
1,310
2.91
3.00
30c
Gold
Oil
5
1.63 Mar
73/8
Jan
3.90
2.26 Mar
6,850
Feb
nil
75c
Jan
39c
68c
Apr
8
55
6
Jan
II
4.60
10
30
9
Jan
11
75c
56,050
69c
Jun
1.20
8
55
5
Jan
Page
Hersey
Mines
Pandora Cadillac
Ltd
-1
-
4,798
10c
Jan
18c
45c
Jun
67 %C
Mines
Partanen
1
Malartic
Gold
Mines
50c
Mar
90c
1.84
3,845
35c
29
28% July
420
28%
11,766
1.19
8c
Gold
Gold
2.12
Jan
44c
Jan
10,500
5c
Feb
89,700
37c
Jan
1.60
3,150
4.10
4.05
4.25
6,090
6.85
6.80
6.95
1
>
.
73c
6s
Jun
Canadian
t/:!
1'
\
J
-V*
■'
;
\
^
64c
:;i.
July
1.75
Apr
4.45
Jun
Acme
•
6%%
1.01 Apr
May
Aluminium
75c
7,400
34c
6,600
390
1.30
1.29
1.30
1,200
98c
Jan
1.15
1.20
1,500
81c
Jan
11%
10
11%
276
7
Apr
12%
Jun
50
Jan
1.98
Apr
Brazilian Traction Lt &
Pwr
British American Bank
2.75
Jun
45c
22
Mar
18% Mar
15,400
Proprietary Mines
•
12 Vi
12%
12%
224
Prospectors
*
40c
40c
40c
50
/•■
l'
24c
73/4
common
Preferred
45 %
Jun
2.00 May
90c
95c
8.90
13,200
18c
42c
7,200
37c
July
9c
9c
46
Jan
37c
1
40c
1
32%
32%
32%
205
'
4,200
-
45c
90c
Jun
8,000
15
L)
(P
common
—__
Prof erred
•
Roche Long Lac
—
1
Royal Bank
—
1
Rouyn Merger Gold Mines
45c
10
Royalite Oil
•
Russell Industries common
Lawrence
Class
San
A
Corp
10
„*
common™:
pfd
Antonio
__
—
—
Mines
Asbestos
British
41
41
20
34
Sheep
Creek
_
44
45
35
Feb
For
.
Gold
Sigma Mines
footnotes
Mines
see
page
280.
I
160
100%
15c
41
v.,
July
46
16c
3,325
ll3/4c Jan
28c
Apr
48c
18,850
36%c Jan
65c
Apr
106
20
20%
33%
33%
15
Jan
100
19
May
160
28 %
65
18%
Jun
22% Mar
Feb
35
May
2%
Jan
4
Jun
25%
26%
230
4.60
1,791
18% May
4.05 Jan
29%
4.50
9c
10c
9,900
5%o Jan
18c
133/4
133/4
100
12% May
133/4 July
70c
74c
22,500
•
19%
20
335
50c
1.40
1.35
1.40
5,000
70c
70c
70c
3,480
14
14%
1,214
100
May
114
Jan
90
31c
16%
1.06 Jan
68c
4.90
Jan
Feb
May
12% Jan
19
775
13
26
875
20
Mar
80
1.45
.
20
Jan
Apr
Jun
1.40 July
82c
2,906
22%
Feb
18
100
153/4
Jan
18
265
21
Jan
26%
33/4
';<■ 150
2
May
4%
15
15
15
460
11
Jan
16
Jun
22
21%
22
185
18%
Jan
22
Jun
21
21
21%
250
17
Jan
24
May
515
9%
Jan
13
Jun
126
10
1193/4
Jan
126
July
16
20
15
Feb
16
11%
11%
150
10
Jan
12
Apr
9%
10 %
2,240
7%
Jan
103/b
Jan
16%
17
360
11%
Jan
173/4
Jun
46
46 %
230
40
Jan
463/4
Feb
27%
'
10%
II50
—
46%
*
i
Zz
'
27%
100
27% July
167/8'
%
Mar
16% May
16%
51
5P/4
370
40
40
10
—'u
'
•
—
*
.
Jan
Jan
16% July
513/4 July
4P/4
Jun
1,550
10
85
28
Apr
53
54
145
46
Jan
59
Jun
50
—
Mar
Jun
14%
13
31%
50
151
46
May
50
July
,
32
Jun
273/s
30
20%
Jan
27% Mar
27 %
27%
70
26%
Jun
28
Feb
41%
41%
10
33
Jan
47
Mar
8%
8%
8%
265
Apr
10%
8%
8%
8%
126
•
32
27
323/4
1,180
6% Apr
15% Mar
35
Jun
112 5
19%
19
20
4,360
11%
Feb
20%
Jun
5
683/4
67%
683/4
1,070
49
Jan
70
May
•
_
393/4
39%
40
260
33
Jan
40
Jun
27 38
_•
"—25
:
-
—
•
Investment——
.—I*
Canadian Ind Alcohol common
——
Canadian LocomotiveCanadian Pacific Railwav
Glass
8%
443A
38% May
_*
common
——
Consolidated Mining &
16,660
13
'
54
ZToo
27% July
31%
13
,
—25
Canadian Foreign
Consumers
Z
15
'
z
-•
~
Apr
'
™———
Canadian Converters u-,,-———
12%
16
°
—
—
Jun
12
„
•
common
Jun
126
»
c
preferred
MB"
July
253/4
Canadian Car & Foundry common-
Class
July
27% Jun
3%
"
& Cable class B
Cottons
171
109
26
25%
IIoo
_
.——„—■——__
Preferred
Feb
171
33/4
12
Canadian Breweries common
Canadian
Jun
171
Jun
Mar
18
5
preferred
New
Jun
Jan
253/4
26
Jun
July
25V/2
!———— III*
Preferred
161
19
26%
•
Power
Canadian Bronze
14%
105%
Jan
Jun
*
"A"
,
Preferred
Canada Wire
/
Am-
25%
127%
•
Corp
—-—_—_
Steamship
Jan
18
25%
19
18
i
Northern
.
104% :L05%
■■
May
18%
3%
Jan
112% Apr
*
Power
-
Preferred
Canada
43c
3%
Jan
19
•
Canada Iron Foundries common
Jun
33
9c
_1
——
Jan
Canada Cement common
May
18%
1
Gold
^hprritt-Oordon
94%
100
;
Bulolo Gold Dredging
10c
Mar
44
1
Rouyn, Ltd—,
41
9%
17%? 17%
Building Products 'A'_
:
Jan
B
Bruck Silk Mills™
Canada
4.60
_„*
Shawinigan
121
*
Co of Canada
Columbia
Class
Jun
1
.
—
121
14% Mar
Apr
'~"V
Corp
Telephone
70c
1
Ltd
Mining
Scythes Ltd new common
Senator
3%
_50
Gold
Sand River Gold
14%
—
Canadian Celanese common
St
100
«
Electric Corp
Amalgamated
5%
Robertson
16%
Aluminum Co of Canada preferred- -100
/
4%c Jan
31
Jan
Jun
Jun
1.15 Mar
1.39 Feb
10% May
Jan
4,270
Apr
40c
83/4
Feb
6% May
41
Mar
7.75
90c
Jun
60c
15c
90c
•
*
3.45'May
15
Apr
Mar
g.50
1
A
328
11%
36c
95c
Queenston Gold Mines
Riverside Silk Mills class
2,000
73/4
..
45%
Quemcnt
Gold
16%
1.65 May
2.45 Jan
•
45
1
Regcourt Gold Mines—
24c
7
1.15
90c
Quebec Gold Mining
Reno
10
Note^
70c
25c
Bell
1.55
Mining
70
114
r;
114
Bathurst Power & Paper class A
1.55
Mines—
100
114
\
.
5
7.10 July
common-—*—^-—
Ltd
21%
2.68
Mica
100
*
Algoma Steel
21
2.70
Purity Flour Mills
175
:'
v;.
High
Low
13
13
-100
Agnew-Surpass
,
Range Since January 1
High
11%
"lOO
preferred
Shoe, preferred
Lew
*
common__
30c
1.55
Purdy
Works Lid
Glove
34c
1
Airways
Shares
Par
21%
1
35% May
for Week
of Prices
May
83c
Jan
4.35 Jan
8,275
Premier Gold Mining Co
Preston East Dome Mines
Apr
May
Sales
Range
Sale Price
Apr
16c
•
Z
Last
1.17
Corp
Feb
14
Funds
Week's
Friday
^
_1
Gold
May
Feb
Montreal Stock Exchange
Jun
Jun
__*
Rouyn
25c
O3/*
Bonds—
Uchi
1
__
65c
Jun
3%c Jan
11%
Feb
2.40 Jan
1.06
35c
18c
11%
1
Co
Voting trust certificates
Power
83c
9C
82c
1
Reef Gold Mines—
River
Powell
9%c
Jun
1.50
Porcupine Peninsular
Powell
9c
75c
26c
10,500
1
Mines
Gold Mines of B C
Porcupine
31c
1
Mines
Pickle-Crow
Pioneer
27c
31c
16 %c
17c
Jun
1
Paymaster Cons Mines Ltd
Perron
,
Jan
5.00 Jun
3.30 Jan
37c 43 %c
37c
common
STOCKS—
Paramaque
112
32%
Knitting
Apr
2,500
32c
32c
£
Jun
100
Jun
10,400
1.75
1.75
mrn
July
8% July
51c
23%
■'
(new)
Porcupine
Jun
95
Mar
88c
10c 10 %c
86c
York
'
Pamour
14
Jan
93,4 Mar
86c
Refining
Pacific Petroleum
4.50
Girl
Ymir Yankee
Apr
Jan
49c
10c
&
22c
34c
73c
-Z'.V.
5,200
17,400
10
—
Mines
110
!
Mines
Yellorex
Apr
32c
8
Oils
Pacific
Jan
1.08 July
36c 38 %c
37c
Car
Pacalta
12%c
1,300
*
;
110
"
(Alexander & James)
Apr
Apr
6
68 3/»
Apr
15,700
2.95
»
95
pfd——100
Be
19c
13%
89
Wright Hargreaves Mines
•
common
'•> Preferred
Ottawa
20c
68c
1.65 May
8
Crush
Orenada
Jan
1.18
IIIi
Gold Mines
Orange
7c
6%
Mines
O'Leary Malartic Mines
Omega
16c
11%
100
Preferred
5,000
1.08
.
1
—_•
Wiltsey-Coghlan Mines
Winnipeg Electric common
3,400
■'
*
common
Jun
Jun
14 %c 15 % c
15c
■
59%
7 Feb
101
—
85c
69c
■
•
Mines
50
common
4% % preferred
Smelting—
—
■
•
6%
9%
Jun
Jun
■■1
EOR WEEK ENDING JULY 13
RANGE
Last
Sale Price
STOCKS—
62
302
42%
34 Ms34%
34%
285
29
13
14
12
12
28
28
„
——*
Dominion Coal pfd
25
Dominion Dairies common.—«——*
Preferred
35
14
25
11
—•
100
1714
-
—
Dominion Steel & Coal B
Chemical com
Dominion Tar &
Preferred
—
_—
Textile
Dominion
•'2.
110% 110%
-«r-
Products....
Players Canadian Corp.
Heating
Power
preferred
preferred
5%
5%%
General Steel
Preferred
27%
101
30
97
Feb
15 %
102
/
21
Jan:
24
Feb
110% 110%
Apr';
112
33%
165
35
Mar
;
33%
15%
13%
13%
13%
27%
30%
10
15%
r
12%
Jan
101
16
Apr
Jan
24% Mar
34
33%
34
230
112% 112%
27
108%
Jan
113
Jun
236
26%
Jan
35
May
Jan
12
Feb
11%
Southam
of
Preferred
(George)
Winnipeg Electric
Preferred —2.
25
19
75
13
50
Mar
55
Jan
115
115
17
115
Feb
119
Mar
12%
Feb
17% May
July
20
15%
18
Jun
13%
8% Mar
2,367
7%
"
12% July
12% July
590
30
30% July:
17
41
41
12%
12%
10 %
10%
10%
/Vii;:;;?
39
-*
.....
'
———
11
•
Ltd
Fleet
Aircraft
Ford
Motor Co
of
Ltd
Corp
39%
20
25
Mar
30
Feb
43%
15
42
Jan
43
% May
22
28%
Apr
May
40
105
21%
2,022
Feb
22
May
17% Mar
Jun
75
20
Apr
26
685
50
Jan
59%
Jun
28%
310
24%
7%
8
225
101
25
28%
5%
575
10%
101
40
8%
Jan
Jan
;:
28% Jun
Jun
8
11%
Jan
101
July
28%
Jun
29
May
57% Mar
61% July
18% May
61
50
18
18
1,005
21%
555
10
12
34
34%
2,710
1,755
11
11
150
16%
16%
500
15%
Feb
17% Jun
12
13
175
10%
Jan
13
24
24
25;
22
Jan
24
12
30
11%
Jan
12%
11
1
1
•
24
12
:
Jan
18% Mar
7
Jan
32
Feb
9% Apr
22
Jun
12%
106
105
106
■
3%
25%
105
26
'
Jan
2% May
1,450
3%
26
37% Mar
Jun
12
July
July
Jan
July
107
18%
Jan
50
;U 33%
Jan
38
Jun
62
369
58%
Jan
68
20
1,865
19%
23%
29
29
26
*
23%
195
75
26
.
22%
footnotes
see
280.
30%
Jan
30c
Jan
H
50c
'
Jun
Preferred
6%
Jan
Mount
July
49%
—
Island
195
8;;;
100
29
18
Jan
"22
Mar
107
30
105
Feb
3%
4%
365
2% Mar
10
37
9% Mar
12
12%
2,475::
Woods
107
Jun
25c
July
Jun
14%
July
25c
Jan
4% July
10%
July
13
35
10% July
13
171
57%
Feb
65%
*
10
10
81
6%
Jan
14%
4,315
12%
14%
Jan
14% July
60
7%
99
Jan
106%
Jun
35
Jan
46%
Feb
25
44
7%
—
3%
Jun
Jun
Mar
;
25
106% 106%
44
'■)»■' 14
6% May
36% Jan
8%
Jun
43
298
50
May
18%
20
575
15
Apr
20
July
.__._*
Ltd
97
97
130
96
May
100
Mar
*
pfd—100
10
10
20
6
Jan
10
110% 110%
48
107
Jan
110%
Jun.
25c
25c
Jan
30c
Apr
•,..8
8%
1,513
16,860
13
14
275
427/a
42'A
—
25C
8%
-
•
common—
30
50
28%
19%
25
17
7
60
5%
'■
5%
100
5%
40
10
10
36
33
33
33
200
12C
9%C
12c
10,700
8%C
*
*
Manufacturing Co
July
Mar
7
_*
Ltd
8
5
30
———*
of Canada Ltd
22c
19%
A—.—...•
United Corporations class
Hotel
1
25c
12
Jun
21% July
28% July
\
63%
Chemical
United Distillers
30
13
Canada Power 6%
Southmount Invest Co Ltd
Ltd
87/8 Mar:
Jan
63
...——
Stores
6% May
22%
*
Southern
Thrift
Jun?
Ul; 10
part. 2nd preferred
50
Purity Flour Mills..
..—*
Quebec Pulp & Paper 7% red pfd—100
Reliance Grain Co Ltd common
—*
Standard
36
126
N.C.
Sarnia Bridge Co
Jan
107
--*•
of Canada 6% 1st pfd—100
Preferred
24
2nd pfd—20
Royal Hotel Co Ltd.
Corp
5
,
1,140
25c
j
Jun
21
Power Co.——_*
Corporation Ltd
...
23
28%
12
Apr?
, -
. .
Jun
21
4%
Noorduyn Aviation Ltd
6%
Jun
7
22
27%
:
27%
preferred.100
common—*
...
10
Paper—..——•
Ontario
is
Minnesota
Moore
Feb
75c
2,495
32
29
Ltd
Distilleries
Montreal
Jun1.
43
July
4
Jun
2.00
Jan
34%
50
7%
McColl-Frontenac Oil 6%
20
Juh
Jan
Aldermac
Jun
Arno
;
16% Jan
26
Jun
15
Jun
16
Jun
8% July
14
July
Feb
30
Jan
21%
Jun
3%
Feb
7
July
4
Jan
8
Feb
8
Jan
29%
Jan
Jan
11% Mar
1
Feb
33
Mines—
;,
•
'Copper Corp Ltd.
..i
Mines Ltd
Jun
16
660
13%
508
10%
Jan ?
14
235
69
Jan
Ashely
■
78%
185
74
Apr
Ltd—
--
62
62%
460
58
Mar
22'A
46
21
20
20
1,115
22
22
10
13
11%
13%
8,468
28
27%
80%
Jun
Bouscadillac Gold Mines Ltd..—
Apr
62% July
Cartier-Malartic Gold Mines Ltd.
Central Cadillac Gold Mines Ltd.
Feb
20% May
Jan
22
Jun
6%
Jan
25c
12,125
8c
7,000
2,100
35c
Jun
60c
Jun
16c
6c
Jan
27c
May
May
—
Jun
11c
500
6c
Jan
18c
26c
28c
17,600
4c
Jan
54c
42c
49c
9,600
33c
Jun
60c
Jan
30c
30c
30c
1,300
IOC
Jan
45c
May
3.25
3.45
5,900
52c
Apr
5.75
5.65
5.75
300
4.90 Feb
1.35
1.35
100
1.25 May
30C
30C
1,700
33c
39 c
2,000
l
Gold Mines
Mines
:
l
;r-
Cadillac
17% Jun
J.-M.
Consolida,ted Gold Mines
—
_i
-i
Juliet-Quebec Mines Ltd
Kirkland Gold Rand Ltd
15
16% July
14
Jan
19%
19
19%
855
16%
Apr
19%
18%
18%
18%
788
15%
Jan
Jun
/
New
30c
July
May
7.00 May
6.10 Jun
1.75 May
36c
July
20'Ac Apr
64JAc
3%c Jan
13 %c May
Apr
7c
7%c
10,315
59c
55c
67c
17,100
10c
10c
13c
7,000
7c
Jan
28c
Apr
25c
30c
2,500
25c
July
30c
July
64c
Feb
79'Ac
Feb
2.25
Jan
3.80
Apr
10c
Feb
44c
7c
'
18% July
.5
Calumet Mines—
67c
—
67c
100
2.95
•'
-
3.00
1,000
7%c Jan
1.50 May
Jun
Week's
for Week
of Prices
Shares
34c
17,133
5.60
50
22c
35C
5,500
21c
July
35c
15C
1,400
6c
Jan
25c
Apr
1' >■'
65c
65c
10
65c
July
80c
Mar
'•
70c
73c
2,400
65c
Jan
72c
7,148
60c
Mar
43C
Apr
1.00 May
Jan
3.80
32c
—
220
.1
4.75
Feb
5.60
July
July
Sales
Range
32c
5.60
14c
Quebec Yellowknife Gold Mines
Funds
Low
4%
Apr
lie
»
Falconbridge Nickel Mines Ltd.
Heva
Jan
51c
42c
July
28
65
Jan
1.80 Apr
42c
14% Jun
91
Jan
17%
Jan
15C
l
Jan
16%
750
3.30
Jan
19%
23
17
4,000
•
27 % c
18
75
16
Feb
1.10
40c
l
75
255
May
.12c
25c
l
22'A
'
28
23c
July
25c
-i
188
91
87
Jan
10c
9%c July
40 %c
l
v
20
Jan
3c
2,500
—
75% July
77%
19c
4,800
10c
1.05
10c
8%c
10c
*M'.-
I
Jun
75%
4%
Range Since January
Low
High
4,250
4%
59
160
17%
44
Mar
80
144
Jan
160
17%
9
2% Mar
1,095
60%
60
17%
9
page
25
110
50c
32
*
100
A
Massey-Harris Co Ltd 5% Pfd
25
;
i,i85
150
\
17% July
8
1
High
5% Jun
62%
170
24%
32
251
60
23%
33
24
25
Mines
Ltd
....
'..'-'v',
.1
•
Gold
Standard
Mines
Mines
Stadacona
Ltd
..1
''
v.'.
72c
1944 Ltd
Jun
Sullivan Cons Mines Ltd
Jan
Wasa Lake Gold
2.35
43c
51c
19,700
2.35
2.35
3,500
1.37
200
3.90
-.1
Mines
r-
1.37
45c:
Gold
70c
3.90
100
13 %c
14c
15,300
1.50
1.30 Jan
90c
1.05
May
Apr
Apr
1.37 July
"17% July
Jan
9
Jan
25%
Mar
Sherritt-Gordon
Blscoe
h
July
'
For
310
647
;•
Feb
-July.
^
32
221/4
78
.100
Ltd..
29%
39%
49% July
Apr
13%
15%
;
Sale Price
Packers
7
25
Mar
16% Feb
22
50
29
*
75%
15%
13%
Par
Columbia
3% Mar
22%
Aumague Gold Mines
Last
British
10,330
Jan
Friday
Ltd
39
22%
22%
(John)
Windsor
37%
Canadian
Oil Co Ltd.—.
35% July
49%
.1
American
4% July
25
49%
—50
preferred—
conv
cum
Labatt
Jun
July
Foundation—
Investment
United Securities Ltd
61%
19%
.100
Mar
2
Jun
22
4% Mar
Jun
37%
'
.100
197/a July
40
Jun
61%
Abltibl Power & Paper common.
12%
100
4'A
37%
STOCKS—
11%
6
29%
'
545
Jan
9% Mar
7
Class B
^ 3%
7%
6
Jun
'
i
;.
14
-Mar
7
Power
28%
15
*
Ltd
Colliers
Jan
99
.
Jan
Hydro-Electric Securities Corporation.*
International Paints (Can), Ltd A—*
Hillcrest
Montreal Refrig & Storage
Mar
5
20
4,670
Jun
57
25
N
July
50c
Jan
May
41%
37
425
20 %
Jun
41
150
2
Maple Leaf Milling preferred
1,251
29
105
18
Feb
250
7
29%
•
20% Mar
22%
50
Feb
33%
1,090
:
4%
39%
*
Limited.
MacLaren Power & Paper Co———*
170
?
■
35% ■"
4%
*
Ltd A_
Can
Sec
Power
Companies.
Fraser
6%
—
Jun
15
362
22
35%
40
Jan
390
.
•'
3%
4%
5
Shops.———1
Apr
„
July
30
10
39
21
22
..100
:
26% Feb
10%
•
18
250
17
24%
28
*
100
12%
30%
41
*
Co Ltd
Feb
20
Jan
19%-
.1
British
Jun
2.00 May
30
*
20
22% May
Feb
Jun
21%
r
Ltd
430
11%
29
Jan
10
Brandram-Hendefson
Jun
10%
Jan
12%
"24%
9%
10
—-—4.
7%
Jan
19%
4,055
;
30
*
23% May /
'
•
Sugar——I
Apr
8%
60c
325
—10
preferred
preferred
6%
275
7%
325
'
%
Jun
9%
_«
«
5%
1.95
-1
1%
Jan
9
490
-.10
Acadia & Atlantic
Jan
3%
1.95
10%
—
:—
Jun
j
49%
9%
.-*
Banks—
Montreal
685
Feb
50c
Mar
Feb
1.95
28%
39%
common...—
Royal
4%
Jun
22%
.—22—„•
*
—
42
7%
5
24
& Worts pfd
—.
25c
100
*4
.*
Fanny Farmer Candy
Goldora
Canadienhe
900
47
4%
.*
& Linoleum
Paper
Formaque
Commerce
60
40c
40c
13
11% May
12%
40c
46%
*
*
—
Square Corp
Melchers
*
common
13
———i——-—*
Lake St John Power & Paper
—*
Lambert (Alfred)
————*
43%
2
100
common.—.——*
Ltd
Sellers
16
Jun
18% Mar
Jan
29
'
Ltd
Wilsils
16
61
v\,V-•",".v**•";/'
Weston
55
10
22%
2————'——25
—
July
55
27%
Powers—22—
Cotton
Apr
71
Jun
31
24% Mar
400
12%
10%
—,————-
—4
46
•
Eastern Steel
6%
Canada common—-;—•
Gooderman
Walker
186
18
18
2.^*
100
—
»•
Wabasso
29%
16
16
.-25
& Sons common
Canada
11
-
;
common————*
Press
-
630
12
18
Saguenay Power; preferred.——i-100
Lawrence Corp common-.
_*.
Class A preferred
-50
Steel-' Co.
'
29
29%
Bt
Southern
38 %
27% May
1
•
Dominion
Foreign
Quebec Power —————-———
Regent Knitting common———.—*
(H)
610
Fairchild Aircraft Limited
29
-29
11
Simon
71
May
97%
34%
'——
61
com.
Engineering Works
33
21%
*
common
July
A
;
Jan
42
Provincial
Breweries
Jun
8
A
—...
840
1,096
•
•
Sicks'
Jari
18 %
May
•
Shawlnigan Water & Pow«r—
Sherwin Williams of Canada com
12
*
Dominion
23%
.——1*
Mills—
preferred
Jan
Apr
Dominion Malting Co Ltd..
108 108 %
of Canada
Price Bros & Co Ltd
Flour
Jun
6%
100
Jun
22%
———-A-
Paper
1.25
4%
55
Apr
27%
105
108% July
100
.--100
Transport
Class B
30
—•
common
Lkwrence
Jan
Jan
160
•
& Frere Limitee
David
Donnacona
24
Lawrence
Jan
Jun
Dominion Woollens
55%
St
2
1,923
Ltd
Corp
39 % May
25
St
4% Jun
2
40c
•;V280
8
Corp Ltd
32% Mar
56%
—
4
75c
11
;
Aircraft
Cub
Jan
Weaving
—*
Ltd.——————•
—
4
Apr
Jun
>
7
..—100
Preferred
Consolidated Paper
Jan
23
Corp
Preferred.
13
11
Alcohols Ltd common
29%
21%
Rolland Paper
Jun
Mar
7%
100
-31%
21%
105
'
10
75c
Co Ltd
Advert
General
Neon
100
105
i
25
'•
;
—*
Preferred
604
'22%
Development—,—
Power
13
Jun
168
11%
13% July
Jan
24%
250
23
—
;.
17
—•
*
Powell River Co
16%
22%
Norantia Mines
Ltd
Feb
.v.
-1.00
Products Ltd common
Catelli Food
Claude
j';
38
105
new—
15
159
13
preferred
7%
Cassidy's Limited
32%
100
•<
Jan
60
com—•
—...
Dominion Oilcloth
preferred—..100
———
135
71
Westinghouse
32
24%
Ogilvle Flour Mills common
Ottawa Car Aircraft .—.—.
Ottawa Lt Ht & Power common
Jun'
26%
15
..100
common
preferred
1%
37
*
——*
Corp
22% Mar
340
v-:,
161
*
16%
32
12%
common—.
Jan
13% Jan
45
104% 104%
*
3
-
13% May
Mar
11
2,100
2,096
27 %
25
Steel
26%
July
4.15 May
75
Jan
15
Paper Inv
Davis Leather class
15 %
29%
.
Breweries
26
45
Feb
—
National
Penmans
Jun
87a
Feb
6%
278
*110
—
National
81
147
Jun
Jan
2,30
1,229
161
preferred
Commercial
66
100
Montreal 'Tramways
:
68%
12Jun
-
705
Montreal Lt Ht & Pr Cons———•
Montreal Loan & Mortgage
-25
Montreal: Telegraph .———
.—40
Placer
105% May
Jan
Jan
22
Molson's Brewery
Pagei-Hersey Tubes
:
8%
21%
——
.•Preferred':
Jan
•
100
Public Service Ltd common..*
Lake of the Woods Milling common..*
Niagara Wire
Jun
17%
Apr
25
Jamaica
Car
Jun
105%
101 % May
15
405
V
101
13
15
Mitchell (Robert)
144
13
147
3%
68
26
Light & Power Co
Canadian
16%
•
McColl-Frontenac Oil
147
3%
3%
Dominion Sugar
Canadian Vickers Ltd
Jun
7%
—100
preferred
High
45% Jan
Jun
13
Utilities
Murphy Paint Co
Feb
Mar
13%
'
-
30
7%
—...25
Lang (John A) & Sons Ltd
Laura Secord Candy..—
5%
9 % May
Jan
25
101
Corp common—*
100
Preferred
Low
36% May
80
42%
Jun
Jan
7%
———
Massey-Harris
July
11
Jan
16%
International Petroleum Co. Ltd——?
International Power common
•
Legare Ltd
164
6%
11
Paper common
International
42
100
Canadian Marconi Company
Feb
Range Since January I
High
;
-——,_1
common..
Preferred
Canadian
8% May
161%
670
Int Nickel of Canada common
Preferred
:
Canadian Industries class B
10%
International Bronze common.———*
international
Co
Jun
79%
Jan
72
20%
»
—-———
Co Ltd—;;
Jun
111
109% Mar
210
105% 105 %
•
Can common—5
of
——
Preferred'
?
Low
Vinegars Ltd.:
475
105
common.—
Industrial Acceptance
—
Canada
Jan
24
11%
Mining——
Preferred
18% July
12%
—5
Paper
Imperial Oil Ltd
Imperial Tobacco
&
13%
105
——,
Bay
Hudson
Canada
10
11%
Mines
Smitii
Howard
8%
11%
Hamilton Bridge
Gold
Jun
.
Brown
Canadian Power &
—100
•
Gypoiim, Lime & Aiabastlne
Hollinger
12
80
•
-—
-
Jun
7% Mar
5
•
preferred
5%
32
13%
100
.—100
_
Shares
100
Jan
29%
*
Wares common
for Week
Par
Preferred
•27%
23%
common
Range
of Prices
Z--.;——.*!——.1*. •
•■?.'■! Common
Jun
Jun
950
29%
Foundation Co of Canada
Gatineau
164
10%
8%
1014
*
Jun
16%
13%
200,;
79%
79
164
9%
—————:—100
&
Famous
5
36%
Feb
Brit Columbia Pulp & Paper
Jan
1,620
—'
common—
Preferred
Dryden Paper
Enamel
11
18%
;
17%
Jun
9%
20
<
64%
Jan
11% May
712
2,627
10
Z'ZZ'Z:
High
LOW
iHlgh
61'/a
•
Distillers Seagrams com
STOCKS—
Bangtf Since January 1
Shares ;
of Prices
Low
Pat
Sales
Last
Sale Price
for Week
Range
Week's
Friday
Sales
Week'a
Friday
»■
LISTED MARKETS
CANADIAN
Dominion Bridge
279
THE COMMERCIAL & FINANCIAL CHRONICLlt
Number 4403
162
Volume
33
Jun
July
OilsHome Oil Co Ltd
Homestead
Oil & Gas Ltd
13 %C
3.10 Jan
4%o Jan
4.25 Mar
18c
May
THE COMMERCIAL & FINANCIAL CHRONICLE
280
Monday, July 16, 1945
OVER-THE-COUNTER MARKETS
Quotations for Friday July
i
13
For Quotations on Real Estate Bonds
Specialists
in
i|||p;:SHASKAN
OVER-THE-COUNTER SECURITIES
-
Firm Trading Markets
K
I
;
Xltll
& CO.
Members New York Stock Exchange
,
Members New York Curb
Exchange
in
ACTIVE
250
40 Exchange Place, New York 5r N. Y.
ISSUES
Tel:
120 Broadway, New York
Waiiu
C«.
&
Phone:
DIgby .4-4950
Direct Wires to
BOSTON
Reorganization Rails
HARTFORD— PHILADELPHIA
—
Teletype NY 1-953
1-2173 & 1-1288
Tele. NY
Members New York Security Dealers Association
Established 1928
Bell
2-8700
REctor
(When,
Bonds—
Bid
and
as
If
issued)
Bid
Ask
Ask
99%
101%
83%
85%
■
Chic
Investing Companies
-/"'A
•
-1
IV4
.10
'-'American Business Shares
1
X' American Foreign Investlng_10c
Axe-Houghton Fund Inc
1
•
Custr^ian FundsB-l
28.44
19.75
B-4
/ 12.27
13.43
K-l
21.22
K-2
28.42
-
Series
s.a
22.11
Series
S-4
37.04
20.74
3.65
X'
Knickerbocker
Fund,
Sayles Mutual Fund,
Sayles Second Fund.
t
1
110.45
112.70
h0
47.33
i
i
10c
Investors
Investors
2d
Mutual
56
I'.
series B
Dividend Shares
Eaton & Howard—
XX:1 Balanced Fund
r
•
14.13
Fund——8
Mutual Trust
First
!
General Investors
2
S
90%
\
4.50
•
f.:
1
10.04
..
Aetna
8.09
&
BUi
••
Hartford Steamboiler Inspect-10
47%
55
Home
8
51%
53
Homestead
27%
15%
83.
A3
-
Life
,
79%
Insur Co of North America
10
97
Alliance
10
21%
23%
Jersey Insurance of N
20
Automobile
28%
307/s
Maryland
13%
20%
37%
40%
11
X 12%
82%
87
6.31
American Casualty
American Equitable
American Fidelity &
8
12
19%
Casualty_S
12'A
5.14
American of Newark
3%
17%
61%
64 VI#
series
stock
Preferred stock series—
9.19
Stock
6.30
series
New.England Fund
X 6.98 X
15.27
15.12
1
American
Reserve
Surety——
Automobile
10
40
Agriculture
12.35
Monarch
National
-
7.80
8.58
Bankers & Shippers
Boston
15.31
13.94
Fire
8.88
New
7%
9.67
9.60
X
Jnd us trial Machinery,
8.16
Merchandise shares
•
—A
Vi A
Utility
Fund—
shares..—•
A
'A
X..
3.01
15.95
17.15
1
Republic.. Invest Fund
5.39
Fund,
3.97
4.37
•
102.96
105.04
2%
12.10
13.19
1
6.95
7.61
Inc
Selected
6.64
■
Amer Shares
Sovereign Investors
'
1
Corp.
State Street Investment
62c
52c
Foundation
"Income
Fund Inc
57C
88c
98c
Union
Corp—
Industry Shares
25o
26.09
1.63
1.78
Series
B
22.27
28.31
2.65
30.44
2.97
Series
C
9.68
Bond
Fund
series
A
Union Common Stock Fund B
-Aviation
Group shares
1.01
16.55
1.11
1.08
*
Stock and Bond Group shares.
14.27
America—10
23.11
..10
62%
!,
Preferred Accident
51 %
20
164%
.'
El Lt
& Pwr Shares A
1
16.24
Wellington Fund
1
19.00
57%
60%
97%
101%
of
Newark..-
Fire
8
13%
22%
54%
St Paul Fire & Marine.
—
47%
50%
& Republic
8
9%
Globe
&
2nd
10
27
com.
11
Fire
Pow
10
A First
I
5%
10
Corp—1;
Boston
U
FOB NEW YORK CITY BANKS & TRUST COS.—See
108%
U
47 %
6
48%
Cent
United Slates
A
Rates QUoted
Bid
-
Treasury bills—
4
July
Louisville
101%
101%
2,
August
23,
•
Ask
Bid
August
30,
1945—
—
0.28%
September
0.32%
0.32%
September 13, 1945———
September 20,
1945
September 27, 1945—
—
,i.
6,
1945—
109%
108 %
108
Erie RR 2s
100
100 %
109%
110
105
106
105%
106
1953
■
1979
Pow
Oklahoma
2%s.—,1974
&
Gulf
Ry-—
100%
,,1980
—
108%
102
0.33%
October
4,
0.33%
October
ll,
b0.375
1945—
b0.375
Figures after decimal point represent
Maturity—
fDec. 15, 1945
Int. Rate
.'•.
>
*Mar 15.
1946—.—
tDec
.„
%%
——
1946—
15.
,;;tMa.r 15 1947—
'tSept.
15,
1
tSept.
15,
0.35%
./X
1945—b0.375 0.35%
1948—
100.1
-
100.4
100.5
100.24
100.25
100.13
100.14
100.29
100.30
1%%
-
100.14
1%%
101.3
.
t%s March
f%s
.
April
112
105%
101%
102%
104%
104%
102
102%
100%
100%
100%
100 7/a
Bid
1956-1946
1,
1956-1946——102 15/64
,085s
10117/64 10121/64
1955-1953—
16,
Other
102 19/64
£03%
—
July
Ask
b0.90
1945
0.75%
Issues
1948
U 8 Conversion 3s
104
—1947
Panama Canal 3s
—1961
101%
103%
133
101%
103 7/a
134
Ask
—
_
_X
.0436
.0536
.0553
.0490
.0574
.0504
——.
.0579
.0593
a
.0685
y Ex-rights,
.0622
.0528
.0653
share
1,
1946—
.0596
.0738
and
.0667
.0825
•.0738
.0913
1946
.0854
.1045
sales,
b Yield
price,
c
Result of the
z
merger,
effective Jan. 1, 1945, of Doehler Die
Ex-due-bills.
gFormerly Coleman Lamp & Stove Co.; change
.0513
1946—
1.
Odd lot
Casting Co. with the W. B. Jarvis Co.
d Deferred delivery,
e Ex-interest,
f Flat price,
k Removed
to Stock Exchange,
r Canadian market, s Cash sale—not included in range for year,
x Ex-dividend,
1,
l%s June 1. 1946—
July
110
105
2%s—1975
U S Conversion 3s—
t%s May 1, 1946——
±.09%
10X,-.\;
106%
100 Va.
Federal Home Loan Bank—
1,
May
2%s Feb. 1,
.0476
1945——
t7%s Feb. 1, 1946—
101.4-
/vX>.
1,
t%s Oct. 1, 1945,.
t7/«s Dec. 1, 1945—
10.90s Jan. 1, 1946—,
100.15
•
99%
Ask
Bid
3s
Bid
_
t%S Sept.
X
106%
Co
Dollar Price 100 Pins
Certificates of Indebtedness—
V/aS Aug. 1, 1945—
1%%.
1974
3%s
1975
San Diego Gas & E) 3%s„1970
Seagram (Jos E) 3%s
1965
South Carolina Pow 3s
1975
Sou'western Pub Serv 3%S-1974
Texas Elec Service 2%s_—1975
Texas Power & Light 2%s„1975
Potomac Edison 3s
one or more 32ds of a point
Maturity—
1%%
.
1947,
15.
100
Ask
1%%
—
—
1947,
«tSept.
%
-
Bid
107%
Obligations Of Governmental Agencies
0.35%
3s Jan.
1
105%
107%
0.35%
b0.375 0.35%
Quotations For U. S. Treasury Moles I
,
105
1974
1974
100%
Reading
97%
Light
Elec 3s
Penn
Ask
104 %
Ask
Pederal Land Bank Bonds—
r
97 Xt
b0.375 0.33%
b0.375
__
b0.375
103%
b0.375 0.34%
—
—
b0.375 0.32%
b0.375
19451.
35%
Power 2%s_1975
Northern
k
&
Power
Virginia Elec Power
b0.375
:
1945—
16.
80%
33%
1965
3%s
3%s
Narragansett
Light 8c Power 3s_.__1974
3%s
b0.375
1945—
August 9, 1945—
August
53% /.
76%
& Nashville 2%s_2003
Mississippi
.,.,1985
Kansas
b0.375
1945-1—
26,
August
50%
10
Bid
Laclede
104 %
Empire District Elec. 3%s__1969
Page 263
Treasury Bills
,
July 10,. 1945—
t
X
44
.4
Gas Lt
106%
tor discount at purchase
are
^
-
599
42
Ask
105%
Vermont Pub Serv
2%s
Houston Lt &
■
.'38%
2.50
8 Guarantee
Westchester Fire
112%
104
4 %s
41'
Fidelity 8c Guaranty C0..2
1974
3V88—1974
Florida Power & Light 3%s_1974
'A.
S
1975
Lt
Birmingham Electric 3s
Conn
-
-
Recent Bond Issues
&
3%s
•
_10',X 35%
,,
33%
27% 7-29 %
10.
.......
Hartford
76
jJ.——-—100 ( 584
Travelers
29
31%
8
Standard Accident
U 8 Fire
Hanover
6%
31
26%
•
88
American
38%
49% X 53 X:;
33%
35%
115%
121
10
—10
,25
Spring Held Fire & Marine
20% X
8
Globe
Chicago & Eastern Illinois Ry—
vX/X
.12%
New Haven
Security
Glens Falls Fire
Great
14%
35%
73
2
Seaboard Surety
Rutgers Fire Ins.
preferred
62
91 XX
13
5%
28%
24%
.
Republic
(Texas)
...
10
(Paul) Fire.—....... 10
58
Bid
Banking
Corporations
16.57
+
'
Reyere
24%
8
General Reinsurance Corp
Gibraltar Fire & Marine
105
57%
14%
8
...
98%
X gg
9
—
(NY)
Corp
Reinsurance
173
10
10
20.73
Investment
ABlalr & -Co
1
28
—.10
10
53
Fire Assn of Phila,—
19.25
31.64
Investors Fund C
Indemnity Co
25.66
15.62
of
Co
1
Pacific?" Fire
Phoenix
1.19
15.11
„
;
Insurance Group shares..-
Investment
v
32'
36%
9.36
23.48
U S
Ltd—
Bank Group shares.-
Vi
*
93%
10.59
8.56
Union Preferred Stock Fund
Independence Trust Shares
Securities
30
6%
89%
24.35
8
•
Incorporated investors—
Institutional
51%
Fireman's Fd of San Fran
Arkansas
25.30
10c
>>;"'• Common
J
54c
Trusteed
AHuron Holding
'
48 %
24%y
5%,,
—12.50
10
Franklin
32 %
49
23%
———5
—
—
__
Scuddcr, Stevens & Clark
6.03
—
'/
3.25
1
7.40
4.89
-/XI/Tobacco shares
1
1
5.75
•
Northern
.
.
Putnam,,(Geo)
5.59
/
Ncrt.heastern
34%
Fidelity '61 Deposit of Md
;
30%
30
46%
.—2.50
River.
North
22%
,X V;
X Pacific
Firemen's
shares—
5.22
''•'•■i.'fitfeei shares—!;——
•'
Amer Trust
Series 1956—
4.66
5.08
6.73
shares—!—
stock
8.45
X
7%
187
-
28%
2
10
—.10
Providence-Washington ......10
9.68
7.68
177
pire^X.vX^ii.i^-.8 /:/:14%Y;Xl5%:A
22%
,.10
Federal
9.51
8.73
Series 1955
X 7.12
,
4.23
Rh Equipment shares.!
:\X5^! Railroad
North
6.10
6.47
shares
Bond
Railroad
>•>1
•w
8.70
5.54
;
12.25
8.65
;
equipment
__
Crum & Forster Inc....
Employees Group
—:
Employers Reinsurance
8.33
11.15
8.48
7.91
shares
Railroad
Railroad
X
Casualty
6 '
6%
2
20
York
20%
20%
11.72
.11.66
7.57
—
!!^X
Steel
10.74
10.66 y
York
New
62
New
67%
Continental Casualty—
10.61
—
Metals,
9.05
15.45
of
Amsterdam
8
Connecticut General Lite,—
32%
59
Hampshire Fire—
10
8
City
13.95
29%
...10
New
10
10.24
12.70 v
14.07
9.77
ij.
stock,—
Oils
11.23
Mining shares
'-Petroleum
equipment,:
Insurance
9.11
7.71
—
Speculative—i.
Machinery
10.47
;
10.70
Low Price Shares—
Electrical
8.97
9.53
shares—
Diversified
6.69
8.29
Institutional bond shares
.11
Diversified Investment Fund—
6.32
Fire
9.67
9.31
'
13.18
Camden
8.79
X Chemical
4%
—
New Brunswick
695
12.41
11.29
-
-
Building supply,
7.90
8.23
'
stock
Ins
National Liberty
National Union Fire
81%
77%
670
0%
X.
(Detroit)—10
Casualty
43
6%
23
100
56%
5%
National Fire
*.
Baltimore American—2%
13-57
Automobile
53%
N Y_
Merch & Mfrs Fire
10 / 19%
21
„23 X 66.68 X
.
8
4
Merchant Fire Assur
fX'/X/XV
New York Stocks Inc—
6.21
Re-Insurance
American
10.15
;
:
American
31.35
6.08
1
12%
Cb 18%
10
Y
Casualty
Massachusetts Bonding
13%
4.57
12.00
shares—
100
2B
American
'
shares!,—
bond
...General
10
Fire
American
8.63
5.74
Administered
/Fully
r
•
50%
29%
j
Par
Ask
86
52
Surety,
8.30
8.74
Food shares
.
73%
10
Casual
Aetna
9.29
...
16.19
7.85
7.13
.Electrical Equipment—.—
.
——
—
33%
10
Aetna
xd—
15.08
7.45
8.80
|A.; A-WCiiemlcal shares.-——
Preferred
64
Insurance Companies
5.70
8.08
shares—,,—.—
.Avlattpn
-
——
—
26%
71%
88%
24%
36%
Income 75-year 4'/2s
Preferred
series—
Bank
*-'Building shares—.
65%
62
Seaboard Ry common
Low priced bond series—
7.68
dtip Securities—
.
X
81
32%
63%
-
St Louis 8c San Francisco corn-
■■
'
Preferred
:
101%
Par
Aviation
Agricultural shares^---——
.Automobile shares
—
44
y
79
com
104%
Industrial
2.35
40.30
6.15
;
Grande
Rio
99%
7.35
26.76
28.51
•
Trust——.—1
X
&
102 %
Low-priced stock common
2.14
6.89
'fefeheral Capital Corp___
'
.«
73%
30%
100
preferred
Louis 8c San Francisco—
1st 50-year 4s__
16.83
24.80
^..Fundamental Invest Ino
5%
80%
26.78
15;™
•
-'Financial Industrial Fund,
78%
1993
1st 3-4s income—
St
National Security Series—
Income
Inc.
^Fidelity Fund Inc—
2018
•
Common
97
95
Denver
4%s
30
42
—
Agricultural
25.04
1
Stock Fund
'§•
107%
105%
2019
15.44
Xl.61
-
1
4%s
Grande—
14.09
10
Inc
shares
shares
Balance
7.50
6.60
1.46
2.50
250
D
Rio
Securities—
National Investors Corp
}/•'
v
\
Diversified Trustee Shares—
•
1994
—
income
&
28
71%
—
Preferred
27.81
13.10
Fund
Fund
Invest
Nation-Wide
21.73
20.10
■}
Common
Chicago Rock Island & Pacific—
10.98
25.92
1
Trust
Mass
9.99
1
Common
Mass
(Colo)
Fund
Chicago Milw St Paul & Pacific
Y
48.30
!
"
Delaware
88%
,'XX':
—
Manhattan Bond Fund Inc—
6.35
5.84
54
1
i*
1
Loomis
101V4
86%
1994
—.
4.25
'
1
7.95
■
1
•
Commonwealth Invest——
Consol Investment Trust
6.90
,
Loomis
99%
2019
Income
14.96
7.19
—2019
1st 4s
16.78
6.22
106 V*
4%s A
4%s B
Denver
30.01
13.58
110.43
104%
income
Conv
31.30
15.25
—
—
Stocks
income
——
1st 4s
4%s
79%
Chicago Rock Island & Pacific—
'
20.56
18.93
1st 4s
23.34
r
27.35
Series S-l
S-2—
77%
Income
102%
2003
4%s
100%
Gen
21.70
Series
1983
■.
Gen
32.40
B-3
X
29.82
29.58
-
7
—
Chicago Milw St Paul & Pacific
Series
34.26
2nd
X/Ask
Scries
17.97
Canadian lnv Fund Ltd
1
35.06
32.60
Century Shares Trust
•
11.58
10.70
Clieihlcal Fund
—1
2,860
Christiana Securities com—100 2,760
148
""'Preferred
-—-—100
143
•
Bid
Par
B-2
106.08
Inc
'X\X,
Series
14.88
6%
0
8
1
Ltd
Fund
Bullock
•
'
*
;Broad Street Invest Co
>
■'::
■■/
Series
13.72
16.71
America
of
Tr
lnv
Boston Fund IncI
.■
Series
4.70
4.23
Indianapolis 8c Louisville—
1st 4s
Series
33%
X: •
AOommon
-Bond
'
/'/'■■
•
Keystone
5.55
5.07
32 %
Holding Corp
Ba'fxicers Nat Investing—
•
9.61
8.76
Securities—
The,
Aeronautical
•"Affiliated Fund
'AAmerex
X.X-X
Ask
Bid
p«
z
Seaboard Ry
of
old
common
stock
four shares of new $5
♦No par value,
reclassified
par
tin default.-
furnished by sponsor or issuer.
into
of
name
one-fifth share of
common'stock.
JThese bonds
approved
new
June
12,
1945
and
each
4%%, $50 par preferred stock
X
are
AQuotations not
subject to all Federal taxes.
1
:
THE COMMERCIAL & .FINANCIAL CHRONICLE
Number 4403
Volume
COURSE
THE
this week will show an increase com¬
Bank clearings
Preliminary figures compiled by
pared with a year ago.
based upon telegraphic advices from the chief cities
us,
indicate that for the week ended Satur¬
of the country,
day, July 14, clearings from all cities of the United
States from which it is possible to obtain weekly clear*
we
above those for the corresponding
7.7%
will be
ings
Our preliminary totals stand at $11,-
week last year.
866,485,774, against $11,013,040,277 for the same week in
1944.
At this center there is an increase for the week
ended Friday at 9.3%.
Our comparative summary for
week follows:
the
and
CLEARINGS- -RETURNS
$5,107,529,132
Chicago—
436,261,666
488,769,059
Philadelphia
Bostph
555,000,000
538,000,000
+
3.2
333,437,400
307,626,895
+
8.4
+
2.4
188,854,697
--
200,009,440
137,301,807
129,688,207
+
$8,036,360,089
$7,549,949,157
+
6.4
days..
1,852,378,056
1,552,561,160
days
$9,888,738,145
1,977,747,629
$9,102,510,317
1,910,529,960
$11,866,485,774
$11,013,040,277
cities, five days
five
cities,
Tot. all cities, five
411
cities,
day
one
—
Y
280,383,723
335,718,341
i'+13.2
284,634,650
586,416,838
572,535,262
.,+
2.4
+
5.8
406,998,012
204,889,748
Richmond
Atlanta
—10
"
"
Chicago
17
"
St.
8th
3.5
+
7.7
+
448,391,131
6.8
380,109,953
-
'240,068,501
.285,480,257
532,230,666
219,668,209
215,019,846
"
268,764,832
7
10
"
"
213,224,935
176,635,110
+ 20.7
164,632,729
163,448,595
277,216,630
252,630,878
+
9.7
248,404,765
227,253,904
6
"
+
39.0
122,440,156
"
167,776,535
479,128,592
120,704,334
10
_
Francisco
12th San
8.6
+
7.8
262,403,118
584,304,806
495,284,253
528,229,270
+ 19.4
4
Minneapolis.
10th Kansas City
+
11th Dallas
+
1+13.8
253,830,800
Louis
9th
+ 19.3
4,665,194,589
663,790,113
•'+
■
3,882,344,656
580,062,092
538,179,505
!
'
382,776,020
"
6,493,087,740
■
317,125,383
6.9
1+
$
':'•
$
Dec. %
"
"
';
1942
1943
Inc. or
1944
7
6th
0.5
!
CLEARINGS
10
_
7th
0.5
BANK
6
Cleveland
5th
5.9
•
by 7.5%.
386,714,176
5,705,235,319
556,044,668
12
-
Philadelphia
4 th
OF
413,281,161
12 cities
New York
3d
San Francisco Reserve District
$
Boston
2d
1.4
200,987,892
■
:—
Baltimore
Other
1st
arid the;
by 9.7%, the Dallas Reserve District by 39.0%
1945
July 7
Federal Reserve Districts
5.7
+
205,010,928
■
Cleveland
Ten
—
230,501,000
206,022,220
Pittsburgh
ri
157,400,000
243,702,000
Francisco
Ban
184,403,204
155,200,000
City
Kansas
Bt. Louis
Week Ended
10.7
—
The Kansas
Minneapolis Reserve District of 20,7%.
City Reserve District has managed to enlarge its total;,
We group
SUMMARY
9.3
+
$5,580,603,699
New York—
the
following we furnish a summary by Federal Reserve Districts:
In the
Cent
1944
The Chicago Reserve District enjpys p
13.2%.
gain of 2.4%, the St. Louis Reserve District of 5.8%' anc
July 7.
For that week there was an increase of
13.9%, the aggregate of clearings for the whole country
having amounted to $10,808,143,144, against $9,486,115,671 in the same week in 1944.
Outside of this city there
was
an
increase of 13.9%, the bank clearings at this
recorded an increase of 13.7%.
^Dis¬
and in the Atlanta Reserve
District of 6.8%
serve
trict of
ended
Per
TELEGRAPH
BY
1945
v ' 7 Y
\
J'
the Federal Reserve Districts id
which they are located and from this it appears that ir
the New York District (including this city) the totals
show an improvement of 13.8%, in the Boston Reserve
District of 6.9% and in the Philadelphia Reserve -Dis¬
trict of 19.4%.
In the Cleveland Reserve District the
totals record an increase of 7.8%, in the Richmond Re¬
the cities according to
»
present further below we are able to give the final
complete results for the week previous—the week
center having
Week Ended July 14
€ L E A
©
Complete and exact details for the week covered by
the foregoing will appear in our issue of next week.
We cannot furnish them today, in as much as the week
ends 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.
In the elaborate detailed statement however, which
Total
——.
445,888,165
102,386,500
7.5
424,627,727
395,537,695
7,525,236,369
7,506,175j786
3,590,457,099
3*754,420,li;j
10,808,143,144
9,486,115,671
-+13.9
4,305,045,504
—111 cities
—.
>
3,780,880.352
.,+13.9
'
Total all cities for week
■:
:'Y
monthly detailed statement of transactions
York Stock Exchange is appended.
The
results for June and the six months of 1945 and 1944
Outside N.
New
the
follow:
—Month of June—
Description
y•
.
1944
41,310,246
37,712,751
•
shares
Bonds
131,342,925
200,704,729
of
increase for the entire body
1945
month
that
For
June.
was
,
,
, -
New
York
District
Reserve
totals
the
record
St.
U. 8. government
the
District
12.5%
9.2% and in the Philadelphia Reserve District of 11.3%.
3,568,100
3,417,750
435,900
600,600
Total
■*:YY:;v''
Month of June—
;;:Y.Y
/Y.Y
$223,112,900 $243,783,600 $1,473,568,010 $1,601,117,400
bonds—
1st
New
York
3d
The volume of transactions in share properties on the
six months of 1942
1944
1942
1943
l>:
5th
Atlanta
3,333,656,938
2,997,089,329
+ U.3
2,784,895,613
.2,521',791,412
2,976,648,680
+
8.4
2,739,582,575
2,374,854,180
+14.4
1,159,458,341
1,010,981,518
+
7.5
1,531,265,438
1,215,211,091
No. Shares
No. Shares
No. Shares
7th
Chicago
38,995,195
17,811,394
18,032,142
12,993,665
8th
St.
«
Louis
f
5.7
3,956,174,534
3,401,132,004
+
6.2
+
2,067,825,513
,
1,525,395,623
v^-V;
1,333,074,509
1,934,945,753
II
ie
••
No. Shares
Month of January
41
8;
...
1,551.292,605
1,653,641,900
21,821;339,175
t
............
$
Dec. %
9.2
U
17
—
Richmond
6th
to 1945 is indicated in the following:
1945
Cleveland
j
,:1942
•
;
3,225,612,006
Philadelphia
4th
•'*
'-ic
•
■;+
Y+24.0
I*
New York Stock Exchange for the
.■.■"-'1943
27,515,816,819
2,258,876,232
14
—
....
the
Minneapolis
34,119,568,795
.——14 cities
Boston
2d
-i-
.
Inc. or
YY--Y;YY'$
*
gain of 5.7%,
a
12.4%, in the Dallas Reserve
the San Francisco Reserye Dis?-
and in
1944
1945
$
credit
In the Kansas City Reserve
is
trict 6.3%.
•
its
to
increase
District
provement of 24.0%, in the Boston Reserve District of
Federal Reserve District*
bonds
has
Louis Reserve District of 6.2% and the
Reserve District of 11.7%.
im¬
an
District
Reserve
In the
The Chicago
7.5%.
in the Atlanta Reserve District by
of clearing houses of 7.1%,
,
t ■* '
bonds
$214,842,900 $231,086,700 $1,413,128,600 $1,539,496,800
Foreign govern't
Y''" V
1
'-'V
•:'y"" '
•
bonds
7,669,400
12,261,000
57,021,660
58,052,500
Railroad & misc.
14.4.% and
by 8.4%, in the Richmond Reserve District by
an
clearings having been $59,341,-
aggregate of
the totals are larger
In the Cleveland Reserve District
clearings for
there
129,445 and the 1944 aggregate $50,687,731,217.
Stock, number of
■
month
••
1944
■:;
the
the
-——six Months
1945
1945
—....'
;
We also furnish today a summary of the
Our usual
On
Y. City-*—
1,800,544,414
4,551,647,393
4,810,693,951
A
:
7
1,452,951,807
1,367,918,254
•17,085,105,668
•
989,111,123
1,191,794,984
;
'
February
;
32,612,585
7,925,761
27,492,243
17,100,772
27,643.038
24,434,08£
March
;V
:
.
36,997,243
8,587,828
99,100,023
62,555,204
79,463,469
29,507,254
•9th
quarter
yyy7;;].Y
y
28,270>442
13,846,590
33,553,559
7,589,297
32,024,018
17.228,380
35,051,545
YY,
May
41,310,246
37,712,751
23,415,845
68,787,721
92,020,949
22,284,837
200,704/729 131,342,925 171,484,418
Six months—
:
The
leading cities of the
country for the month of June and the six months
ended with June in each of the last four years is shown
in the
i
CLEARINGS
AT
LEADING
2,411
—
St.
2,298
1,956
1,774
3,188
2,852
897
—
Phil a.
831
Louisa-
743
608
Cincinnati-
586
517
464
Fran.-.
1,345
1,279
1,080
4,883
402
,? 907
San
1942
10,510
7,867
14,254
3,425
4,151
4,660
3,232
7,670
92,545
2,671
6,175
2,885
7,122
2,321
5,157
845
736
651
533
4,263
3,931
3,660
2,941
Cincinnati-
586
517
464
402
3,232
2,885
2,761
954
850
809
632
5,350
4,893
4,690
995
931
816
5,516
5,143
4,404
_
713
Orl.—
430
5,861
3,736
3,524
3,135
2,433
349
277
2.301
2,256
2.038
400
::
•
1,367
1,085
9,235
9,689
8,456
Louisville
352
347
276
242
2,028
1,843
1,714
330
289
301
217
1,930
1,889
1,772
1,756,460,203
+
%
42,307,638,393
95
96
72
75
492
452
427
185
173
145
132
985
937
870
Inc. or
1944
y;.
Dec.
$
Denver
8,200,776,662
7,667,828,166
+
5,599,468,399
5,291,084,386
+
————15
"
9,938,386,217
9,253,548,555
+
7.4
11th Dallas
11
"
7,429.391,864
6,532,927,522
+
13.7
5,693,403,320
12th San
19
"
14,227,191,133
13,263,631,101
+
7.3
12,111,437,323
309,775,417,298'
274,333,871,786
+
12.9
246,175,314,890
196.195,198,78
123,313,434,773
100,005,516,057
6.2
+
+18.4
17,091,328,393
+
16,476,903,099
+
Richmond
6th
5.9
+ 10.0
8
Atlanta
-
"
7,959,535,525
7,237,966,746
M
11,408,612,789
10.571,4R8,69ft
"+
7.9
25,994,088,166
+
4.0
6.9
.
—
.——31
Chicago
8th
St.
9th
Minneapolis
Louis
IGth Kansas
—.
Francisco
Total
27.058,898,519
-
City
•
I——185 cities
.
-
7.8
17,454,251,078
•'
—16
5th
7th
10,748,203,2)83
144,204,893,475
18,334,998,086
"
17
—
Outside N.
Y. City...
5.8
The
following compilation covers the clearings by months since Jan. 1,
MONTHLY
6.9
+
134,816,171,355
144,051,952,529
...
.
Richmond-
237
1,718
1,720
1,474
1,309
205
163
1,262
1,211
1,109
950
■.
•
223
•
1,563
135
136
177
122
.829
260
2,091
127
325
293
374
1911
342
Seattle-
462
416
Salt L.
136
127
117
84
83
66
t;
Memphis
City
—
160
177
>
i:
399
■
1,459
1.284
935
759
751
701
1,920
1,095
1,725
1,446
1,214
1,020
871
2,433
..
.
2,273
2,278
742
709
682
424
384
Total
5,684
'! '
all 59,341
N.
Y.
We
Clearings
4,470
2,670
50,687 42,307 33,506 309,775 274,333
246,175
our
$
Bedford
50,687,731,217
— —
Y/Y/Y
%
Dec.
■Y.-Y
5.0
+
lonn.—Hartford
I.
22,557,218
91,509,911
9,259,441,429
25,142,925
13,208,498
86,935,751 '
+ 10.2
9,831,832,947
4,220,752
+ 26.0
28,300,401
2,200,229
+ 22.3
2,320,274
+
5,644,878
+ 14.0
3.2
+ 28.2
85,830,522
.
14,271,042
I.—Providence
*
H.—Manchester
'
+
8.0
34,978,506
32,102,275
+
117,028,848
+
5.1
72,788,904
+
13.3
cit,lpR>
+
0.7
438,136,268
424,662,270
+
174,359,354
161,031,836
+
9,1
+
6.9
:
47,682,600
492,335,700
46,779,800
+
1.9
452,251,300
19,670,283
17,336,564
3,359,386
—
•
0.8
+28.7
•
2,067,825,513
+
9.2
11,415,743,297.-"
'Y
"
V
2,939,008
15,580,575
10,748,203,587
-
■+.
8.9
+ 14.5
+
6.2
Dec. %
1942
1943
$
$
'
960,111
+
6.1
3,654,005
4,713,681
+
5.0
267,328,115
328,330,359
+12.2
940,231
.1,093.321
'
•"
Y
'■+■; 8.9
1,151,248
4,320,930*
2,853 659
+ 18.1
1,096,830
3,999,611
'
:Y
+
3.0
+
1.8
+
1.2
-2,499,520
16,146,955
*-Y: 4,960,826
"+~5".9
7.031,941
413,281,161
.
157215,700
14,889,800
+
1,360,254
386,714,176
'
••565,174
326,106
+ 33.0
'
16,118,400
1,800,849
-
780,440
+ 22.7
15,867,950
V
7,115,527
•",":
•
-
'
Y"'--Y,
—
5,101.531
:
8.3
0.3
96,492,400
$
371,618
1,253,676
;
3.2
5.2
+
2,258,876,232
9.0
^ +
'
494,383
9.0
+
■
+
24,020,076,576
.w—•'
9.7
.+
l.H
21,839,404,967
Inc. or
1944
Y'"*
$
3,203,029
333,296,439
1,027,362
8,514,700
4,324,976
+
July 7 for four years:
1,152,368
30,509,743
95,675,200
144,151,952,527
3,397,231
349,967,511
12,361,809
13,562,186
"
St-
+12.9
5.0
83,839,108
>
7.1
6.2
8,542,500
84,466,452
134,816,171,355
20.4
+
1,014,046
32,098,738
Haven
Waterbury
4.0
21,359,918,087
+ 12.5
'
0.5
+
67,596,773,723
1,244,575
+
+ 13.3
-
,,
6;4
+ 10.5
—
Dec. %
:i
+
* 22,997,931,928
.23,977,040,478
i 26,181,666,660
Y
Inc. on
,
23,497,285,956
•
122,932,685
11.9
+
22,500,291
13,260,522
?3.290.093
21,290,328,895
70,895,313,461
'
1945
or
Dec. %
s
/■:.'•
24,915,052
3.7
—
$
Inc.
1944
1945
Inc. or
;
15,787,785
16,998,569
.....
9.7
Y-
,24,992,691,751
+
•,
274,333,871,876
,
8.4
Y
York—
22,809,158,872
21,177,844,835
+ 10.8
for each city for the month of June and the week ended
1,774,705,937
6,436,957
—
G4
42,945,255,964
r
4.2
+
42,393,390,887
309,775,417,296
2,596,881
.......
Worcester
New
_
2,690,602
Holyoke
:
_
Six months
/V". 4,469,458
15,205,868
1,956,606,091
5,320,087
...
River
Springfield
6,444,878,719
4,649,761,933
9,776,644,254
-Jan. 1 to June 30-
1944
1945
4,693,218
Portland—
Lowell
138,307,493,718
51,713,52^,384
months
-Month of June-
Me.—Bangor—
New
151,765,272,513
Y
.'24,724,776,875
+
48,613,171,624
59,341,129,445
May
detailed statement showing the figures
.
Fall
3,835,902,934
$
:,.-":;Y; ; $
+
46.102,505,138
43,591,816,956
.V"-
+16.4
196,195
add
5,677,884,728
7,342,874,855
19,345,206,989
5,770,774,042
''
1945
or
Dec. %
$
-Y.'
46,955,490,954
Three
21,555
First Federal Reserve District—Boston
m—
■
174,640
25,353
31,769
at—
Mass.—Boston
Inc.
52,692,249,110
_*
March
26,181 24,020 21,281 16,424 144,151 134,816 123,313 100,005
now
14,917,057,512
13,033,123,233
.
Clearings Outside New
1944
All
1944
53,687,928,932
February
•
29,799
5,109
96,189,682,732
1945 and 1944:
CLEARINGS
378
53,657 45,578 37,837 30,836 278,006 244,534 220,822
„
$
.
Total
45,405,094,471
January
557
438
:'r*>
1,763
96
65
>:.•
Y;
April
Total
Other Cities
Out.
Months—
271
154
Indianapolis
Hartford
—Clearings,
1945
221
248
:' i *
9,211,306,858
M
Cleveland
••
—17
Philadelphia
4th
301
266
—
$
\
-v
M
3d
11,415,743,297
170,748,163,729
—14 Cities
14
239
—
,1942
•
Y'vY
$
■
7
„Y
-
York
320
—
1943
:
yY-
%
16
New
730
Paul
four
6 Months ?
6 Months
6 Months
406
MilwaukeeBuffalo
16,424,591,213
10,392,571,357
127,059,987,834
16,494,122,209
15,177,922,465
6,673,422,940
8,895,797,774
23,346,709,427
6,945,116,554
4,767,711,462
8,617,112,225
Boston
5,737
Providence-
St.
33,509,696,885
21,281,016,345
7.1
}'• +9.1
Federal Reserve Districts in the six months for
1945
Federal Reserve District*
'1,173
1,651 Y 1,583
—.
2,116,043,231
M
50,687,731,217
6 Months
1,4x9
Omaha
Detroit
769,961,186
+- 6.3 'Yy:
1.584
559
635
395
Minneapolis
New
1,010,134,734
%
24,020,076,576
the clearings by
We append another table showing
3,593
1,080
-
1,155,175,455
1,485,774,581
«
+12.5
■
years.
2,321
Kansas City
Cleveland
Baltimore
2,377,408,609
59,341,129,445
Y, City__.
1st
Jan. 1 to June 30
1942
1945
1944
1943
$
$
16,464 165,723 139,517 122,861
1,984
1,768
13,753
12,540
11,381
8,986
1,409
1,311
9,831
9,259
15,825
2,668
2,399
17,556
16,345
omitted)
$
$
$
New York- 33,15a 26,667 21,026
Chicago
:
26,181,666,660
185 cities
Total
Outside N.
2d
CITIES IN JUNE FOR 4 YEARS
1943
1944
1945
+12.4
1,573,239,621
$
Month of June
<000,000
Boston
..
...
.
subjoined statement.
BANK
n:
12th San Francisco
of bank clearings at
course
■
678,620,433
51,792,091
.&i\
_
quarter-
44
7,466,443
101,604,706
■
June i
2nd
■
40
.11
1,172,240,042
2,527,026,133
.
1,767,669,151
1,318,492,593
—-—;,15
——
>
7,229,097
aphi
/*•»
City*—LL
Kansas
11th Dallas
:
857,533,287
+11.7
954,278,034
1,066,240,463
4t
ICth
1st
«•
16
Minneapolis
32.4
502.944
+
6.9
317,125,383
.:
r"
978.067
■4,739,396
"2,886 506
M4,583,973
6,002,984
17~19~8~200
718,749
382,776
THE COMMERCIAL & FINANCIAL CHRONICLE
-Month of June
ft.
>
Buffalo
7,478,123
320,812,887
——
Oranges
Total
214,577,911
Pottsvllla
19,473,516
1,052,963,200
+
4.1
45,251,206
33,436,697
+ 35.3
28,904,554
25,625,358
+
6.3
+ 18.4
6,493,087,740
5,705,235,319
+ 13.8
4,065,194,589
+12.9
+ 1.8
+ 0.6
+ 6.9
+12.8
+12.1
+ 8.6
+ 7.4
+18.6
+ 9.2
+ 8.2
+16.7
+11.0
+19.1
+ 6.1
753.796
51,689,611
16,670,894
18,483,663
17,556,000,000
47,302,124
82,911,706
43,687,504
45,841,992
14,875,412
17,013,692
16,345,000,000
39,892,648
75,894,475
40,383,701
I'
.
-
-
Fourth Federal Reserve
Cleveland
—■
—
Mansfield
-
11,688,121
Newark
-
Erie
-
••
51,673,970
10,834,353
«.
5,240,064
z'1
- <
•
•
44,276,911
- 9,760,390
•
4,400,369
20,098,341
529,663
754,907
648,141
734,776
677,035
652,635
575,000
1,687,489
2,080,1~55
1,445/723
+787.569
644,000,000
1,959,058
534,000,000
23.2
3,089,043
>
—11.2
2,727,44f"
1,937,267
1,663,861
?
+ 16.4
1,165,748
1,916,664
1,964,282
2.4
-1,606,051
.
+ 20.6
1,590,771
—41.0
136,562,2.00
153,821,500
+ 3.6
—11.2
7,526,800
18,334,998,080
17,091,328,393
+ 7.8
663,790,113
+
—
9.49T900
+11.3
556,044,668
144,339,028
568,000.000
512,000,000
1,472,063 *
2,742,689
+15.8
19,162,424
517,502,346
995,157,720
87,411,300
3,511,434
10,106,648
17,592,958
11,419,576 V
54,402,758
1,511,367
511,435 ;
1,205,158,134
/ 14,310,364
17,090,906
,
-
City
■
:,
-
2,885,054,859
5,516,70+101
1,957,920
2,756,412
,
258,293,528
9,069,624
—20:7
5,981,800
4,177,400
19.4
528,229,270
584,304,806
+
Tom (17 cities).
21,891,360
457,185,300
21,081,859
8,963,998
61,236,752
'
—12.6
15.4
82,855,333
4,255,27$
88,417,931
+ 17.4
159,978,454
176,151,125
0.4
11,220,600
13,373,100
7.2
+
+
19,954,800
—
12.0
+ 24.6
2,581,937
2,001,491
+ 29.0
7.9
3,831,034
3,068,286
+.
55,502,127
,,
3,046,793
3.8
+
+
57,419,734
93,149,082
-
100,486,220
261,937,054
+
—
2,385,132
4.4
.
3,479,6
3,503,709
.
1.4
+
8.2
5,469,930
4,754,977
+
15.0
6,706,648,457
+
2.7
76,476,952
101,454,178
80,177,435
92,081,882
•
8,381,843
185,400,030
237,670,957
207,316,744
'
4.6
—
+ 10.2
60,869,872
+ 38.8
62,799,554
+
1?.T
+ 8.4
17,454,251,078
16,476,903,099
+
6.9
+15.9
38,345,058
32,322,529
8.1
+ 9.3
+ 8.9
179,312,000
2,976,648,680
5,929,318
32,914,000
7.8
448,39^.1^1
+ 17.2
1,108,671
+
538,179,505
495,284,253
Federal Reserve District—Richmond-
Va.—Huntington
Va.—Norfolk
—
—
35,570,000
-
-
-
Richmond
-
C.—Charleston
Columbia
—
•
Frederick
—
C.—Washington
i—.
Total (8 cities)
firth Federal Reserve
229,795,494
——,
—
342,659,050
10,230,128
14,712,787
736,244,377
2,391,559
374,537,288
11,143,194
19,392,356
845,463,896
2,620,651
V.
-
Md.—Baltimore
,
6,872,744
■
'
/
187,993,290
1,333,074,509
1,525,395,623
+
+22.2
7,959,535,525
+14.4
172,546,000
+
3.9
6,449.000
6,182,000
+
8.9
71,900,472
64,071,666
+ 13.9
2,105,249
2,026,879
57,628,805
86,672,513
187,058,306
+
9.2
679,300,000
Nashville
+ 37.8
—
625,600,000
+
8.6
.
1,137,964
4.3
5,253,000
+12.2
58,162,732'
+
5,921,000
'
57,426.734
1
2,363,745
3.9
1457821,782'
+
5.4
44,435,346
42,883,275
+
3.6
3+418,547,
280,283,723
262,403,118
+
6.8
219,668,200.
1,764,187
;
+ 17.4
+
8.5
+
118,961,072
132,598,799
3.2
3.931.045.204
14,198,644
1.022.672.205
+ 17.9
7,237,966,746
'
^:
+
+
153,731,964
10.0
ft;/
47,450,495
171,223,710
65,388,164
—
1,417,516
1.661,691
1,920,880,846
2,091,126,296
65,643,028
101,712,068
4,263,420,473 '■
14,652,441
1,205,32+, 151
+31.8
j+14.8
..,+ 9.6
+ 18.6
District—Atlanta—
Tenn.—Knoxville
2,290,4
+ 10.3
6,887,877,803
+ 3.1
+ 9.2
7,880,275
.
10,090,195
67,507,589
6,,3
+.;
84,493,357
12,229,522
3,225,612,006
'
490,106,400
5,023,590
93,062,733
+12.0
v
5," 70,757,902
8,123,475
13,348,890
Ky.—Lexington
Va.-r-Wheeling
Fifth
1,271,172
2,474,362
174,062;392-
+ 10.3
104,190,965
3,325,539,103
5,861,523,664
—10.2
+18.9
+187.4
+ 6.6
— 1.0
+ 7.0
.v „"x
,
114,976,521
+13.4
+ 8.6
+ 5.6
+74.4
+11.3
+23.9
+ 1.3
+2.4
+28.0
V
1,689,513:'
1,797,271
1,470,035
1,284,750,341
14,167,377
18,281,223
Co.
Greensburg
Pittsburgh
+14-1
+10.9
+ 5.4
+27.3
+ 4.9
+25.8
+ 4.9
570,195
732,714
682,048
2,9,9.7,089,329
48,832,398
-
—
3,882,344,650
X
584.302
38,944,000
24,526,640
586,783,202
..1,080,988,009
92,338,400
——6,122,347
1,879,622
v-V 12,697,901
—
, 17,816,754
1
-
—
21,317,892
149,517,810
(
—
Hamilton
—20.1
Distjipt-^Cle?dand--r
Ohio—CantQH
Cincinnati
•
8,720,771
.
9,415,930
1,860,934
997,960
——
Total (17 cities)—,—
o.
21,515,515
15,349,608
23,955,153
22,156,089
74,269,084
-
Dei.—WUmlngton, ——
ft. J.—Trenton
——
Toledo
26.0
17,327,140
24,391,643
22,030,022
79,357,490
—
Pa.—Beaver
+
+32.6
4.8
+12.5
+13.6
+ 3.9
+14.2
+ 1.8
+11.8,
-
Du BolS
Hazleton
_
390,315
+16.0
26 074,236
27,515,816,819
26,632,600
—
-
Youngstown
294,295
32,879,487
144,204,893,475
3,657,145
30,938,560
—
York
Lorain
554,709
8.7
28,575,064
3,538,945
3,188,000,000
8,393,365
14,786,351
7,412,201
—
Wllkes-Barre
Columbus
10.2
+
170,748,163,729
2,939,173
-
Scranton
+
+ 24.0
—3,333,656,938
Philadelphia
6^259,531
i"936i25i
10,836,291
+
.
2,800,619
4,676,127
3,465,690
12,357,961
8,648,394
2,573,017
3,477,545
2,852,000,000
7,354,389
13,332,212
7,299,543
7,396,104
1,774,314
793,107
3,484,943
26,711,364
Norrlstown
Reading
~+^lui
716,145,896
4,794,361
—
——
+ 17.5
1,011,896,643
26,882,675
-
1,234,399
10,514,309
,5.874,97$
11,946,272
1.7
+14.7
3,714,806
4,450,669
3,897,446
14,039,172
8,981,681
-
1,432,176
778,373,815
7.0
130.835,094"
-
Harrisburg
Lebanon
+
15
+16.6
2,055,609
District—Philadelphia—
—
8,017,589
694,035
+
.
177,735,457
-
Lancaster
8.
6,325,212
1,106,720
5.1
Bethlehem
W.
7,199,199
+
5,501,293
Chester
Oil
2.7
31,905,166
204,200,794
180,791,972
Federal Reserve
Third
5,507,366
+
37,495,981
Pa—Altoona
+13.8
178,010,821
182,770,580
8.7
34,119,568,795
9,263,108
14,632,114
151,730,223
cities)
(14
8.7
+ 14.1
+11.5
—-<—
3,751,755,673
312,705,996
6,142,350
-■
955,037
1,173,122
3,934,779,270
5,548,811,488
13,465,884
30,065,073
J.
N.
+13.7
6,307,277,721
356,895,540
2,396,008
—*4.9
+ 18.8
+14.9
36,828,214
1,300,119
1,144,880
1,127,374
139,517,700,431
58,385.912
J.—Montclair
Northern
'
7.0
165,723,464,769
39,420,378
51,000.000
6.4
+24.4
+
1,571,618
49,000,000
*
.
31,198,148
7,212,779
1,214,285
2.0
+
29,573,608
26,667,654,639
—
Newark
*'
+25.8
+
'
5,651,782
4.4
57,494,000
5,003,509
Utica
Conn.—Stamford
$
+
1,608,406
58,624,000
6,675,795
—
1942
$
+
1,678,608
0.1
33,535,402
Rochester
S
1943
+120.5
6,862,773
14,035,831
9.1
+
—
5,539,253
Syracuse
•
8.3
1,718,969,312
31,463,199
♦31,425,515
6,295,099
York
New
4
'*
v
46,269,736
6.4
+
+ 43.6
371,125,668
42,400,393
1,720,310,945
532,972,835
+13.8
"6,000,000
33,159,462,785
67,109,052
Jamestown
July 7
or
Dec, %
Dec. %
+60.2
82,639,558
6,573,772
301,564,018
—-
Elmira
N.
Dec. %
Inc.
1945
Inc. or
1944
:
For le¬
132,359,778
Y.—Albany.
Blnghamton
1945
Inc.or
$
Second Federal Reserve District—New
•Week Ended
——•—Jan. 1 to June 30-
:
1944
Clearings at—
Monday, July 16, 1945
ft
.
40,620,340
;
,240,068,591
?
-
...
X
v
288,106,784
1,019,978,700
+ 29.4
11,232,638
9,906,928
+13.4
8,125,705
7,011,241
+
3.1
32,80+458
+
10.0
157,000,000
31,544,976
124.500,000
x/4' 4.0
3,683,000,000
372,772,679
1,051,825,220
.
30,869,779
102,100,000
104,500,000
10,665,637
10,541,005
+
1.2
4,050,712,993
67,131,727
61,143,111
+
9.8
Columbus
9,781,190
+
5.0
58,602,372
51,640,575
+
—
8,591,653
+
1.0
2.7
231,018,907
223,162,413
+
3.5
+
10.2
—
3.?
+ 18.3
51,784,969
1,444,824,676
104,986,609
1,521,727,382
+
—
50,428,732
1,311,446,698
94,035,633
1,405,720,960
+
8.3
0.6
127,222,131
122,037,508
+
43
5.5
45,522,211
45,487,334
+
0.1
6.0
76,002,000
107,491,817
76,076,000
—
30.980 016
13.5
Macon
9,31+428
8,50+871
+ 26.1
Da.—Atlanta
—
Augusta
—
Fla.—Jacksonville
15,160,637
15,699,905
270,461,555
228,226,673
20,245,410
20,119,897
,
7,627,811
8,072,838
—
12,617,000
13,416,000
16,973,541
3,163,357
14,221,089
Tampa
Ala—Birmingham
Mobile
Montgomery
Miss.—Hattiesburg
,
Jackson
-
Meridian
—
400,682,047
1,93+945,753
1,800,54+414
V
Orleans
Total
2,965,692
947,351
1,112,759
395,779,826
Vicksburg
La.—New
(16
—
cities)
+
—
—
+ 19.4
£
82,551,425
17,661,158
2,509,525
2,121,775
t
2,252,479
'
V
...
1,738,079
40,816,491
4,099,392
+282,947
+
8.3
5,869,715
+
20.6
268,715
2,256,184,257
+
2.0
78,799,912
266,120
78,034,461
7.5
11,408,612,789
10,571,468,590
,+
7.0
380,109,953
335,718,341
+ 10.0
18,313,594
16,538,380
+ 10.7
842,108
854,610
9,235,538,676
51,457,974
155,490,761
9,689,949,071
£
+ 14.0
+
30.394.103
-
'
4.5
3,207,576
3,528,343
—
+989,456
" *
•
»
"¥1+939
"+"T,0
218^ 895
1.0
07,502,674
64,525,794
+13.2
284,63+650
285,480,257
+
District—Chicago—
Arbor
36,348,771
^
/'
Seventh Federal Reserve
Ilich.—Ann
:
4,124,117
.•1
7,076,197
+
1,725,000
33,035,740
+ 30.2
2,301,805,614
19,124,192
6.7
0.1
1.2
6.7
+
X
——_
+ 17.5
+
—
2,152,300
2,323,045
37,238,253
———
—
46,522,895
.
11.4
—16.3
41,763,510
44,567,088
+ 11.7
+
2,53+284
I-19
i.
1 '-.y/1
1.5
"*+10.0
+3"f6,320
4.5
611,924
516,077
2,076,559
—
4.7
—
1,651,962,776
1,583,772,991
+
4.3
8,934,596
8,104,133
+
10.2
27,476,229
5,353,767
23,196,147
4,273,010
+ 18.5
18,309,933
17,216,232
+
6.3
Muskegon
7,401,840
7,383,203
+
0.3
City
4,986,512
15,492,396
3,370,745
+ 47.9
15,084,114
+
2.7
88,014,926
82,706,828
+
6.4
28,023,992
154,419,060
26,583,609
136,021,881
+
5.4
156,279,819
829,737,815
149,729,685
759,342,689
+
4.4
+
9.3
97,212,260
277,540,980
102,577,014
—
+ 26.7
'ft 208,021,133
+ 18.0
61,348,444
55,817,008
Detroit
—;
Flint
Grand Rapids
Jackson
—
Lansing
Bay
Ind—Ft.
Wayne
Gary
Indianapolis
South
Bend
Terre
Haute
19,222,313
19,631,921
49,908,752
10,469,695
—
2.1
185,250,306
....
2,465,065
+
24.5
4,739,498
Oshkosh
Sheboygan
39,395,054
8,869,978
173,733,703
3,069,866
—
Milwaukee
4,315,442
832,127
+
9.8
Watertown
716,969
Manitowoc
2,515,097
11,377,568
73,269,942
37,113,180
1,137,794
4,426,406
la.—Cedar Rapids..
Des
+ 13.5
'
Wis.—Madison
Moines
Sioux
+ 25.3
—
City
-
Ames
2,630,968
+
6.6
103,677,334
—
4.4
10,332,195
+ 10.1
33,654,534
9,255,529
31,926,814
8,548,553
27,253,503
12,302,746
11,999,950
10,517,181
15,824,516
25,13+596
5,254,531
15,160,711
57,875,910'
401,599,697
1,061,020
750,000
..—+810,693,951
+551,647,393
.,——.
4,095,591
3,628,111
"+12.9
*
+090669
4
,
2,900615
29,158,000
267l99,000
+11.3
2,981,510
25^392,000
5.2
6,019,641
4,081,472
+
+ 33.4
11,239,923
7,645,577
+ 47.0
35~632,536
3070~5~6~,011
+ 18.5
1,772.482
12,810,507
+ 15.8
Hp
2,876,821
34,111.000
3,471,000
4,210,193
49.7
I
,
6,216,732
8,311,483
V;
9.9
+
5.1
+
■
t.
28,153,394
30,361,578
..
+ 10.6
8.7
+
—
^
V-iX;
—15.5
-
*
6.8
+
8.1
+
4.0
2,052,759
15,947,082
2.9
+
5,985,813
18,640,073
+
■
;■
«■'.
1,665,010
V
1.852,511
13,195,231
12,750,196
5,769,315
7,457,266
3.0
+ 29.3
6,420,292
—19.7
450,472
518,684
1.6
389,969,881
1,241,129
408,563,261
1,863,759
8,535,120
X
2,438,009
V+
;
6,217,160
4.2
+
12.2
+ 41.5
Rockford
+
0.9
195,026,793
+ 36.9
Peoria
+ 10
2,908,611
+ 10.6
200,656,961
+ 17.0
8,761,208
3,086,751
—....
0.5
9.767
+ 10.3
5127+744:
3,039,460
9.0
+
+
937,840,928
417,566,774
S,798^06
+ 11.1
—
23,623,752
62,583,201
+ 10.5
15.2
+
44,376,348
17,498,812
27,316,777
4,442,610
1+106,781
—13.8
2,411,954,311
Bloomlngton
Chicago
Decatur
Total (31 cities)
25,167,356
•
985,514,195
1,182,102
3,433,794
2,724,542
2,298,113,379
01.—Aurora
Springdeld
Sterling—.——
140,019,031
27,421,163
103,109,731
4+782,160
26,127,140
66,288,503
?
44,667,077
6,170
+ 10.6
549.485
684,343
12,540,765,868
+
9.7
451,800,758
459,009,538
48,457,005
+
2.0
1,587,769
2,071,645
—23.4
15,185,588
+ 10.6
48,41+328
+ 15.7
v
-
4,96+661
6,925,881
+
5,091,365
2,569,447
+ 26.1
+
2.3
2,111,484
+
1.8
572,535,262
+
2.4
496,998,012
156,700,000
i+19.6
59,087,494
2.149,316
586,416,838
152,656,948
+ 17.1
—
150,000,000
+
4.5
123,900,000
6,418,412
'
2,628,626
ft
-
1,993,438
1,689,823
2,230,949
21.8
898,519
25,99+088,166
+883,897,235
34,496,025
4,660,005,264
1.7
<+16.3
4,864,061
5,345,201
+
1.6
+
10.1
71,942,708
677752",io9
+
6.2
54,211,352
7.7
2,028,729,085
1,214,470,333
1,843,433,816
+
1,095,222,543
+
10.9
38,956,124
34,966,991
+ 11.4
25,832,396
+ 25.8
4,093,371
3,406,407
1,166,000
i7m7ooo
+
5.0
946,000
268,76+832
253,830,800
+
5.0
204,889,748
532,230,669
Eighty Federal Reserve District—St. Louis—
&£o.—St.
Louis
897,067^213
Cape Girardeau
Independence
Ky .—Louisville
....
Tenn.—Memphis
01.—Jacksonville
ftmncy
_
—
——
Total (7 cities)
831,059,996
5,363,164
5,456,743
1,004,748
352,480,692
ft
863,803
191,073,076
761,973
5,200,940
1,452,951,807
347,056,841
177,463,018
605,853
5,412,000
1,367,918,254
'+
—
—
+
7.9
3.9
30,226,55?
02
8,200,776,662
,
30,853,935
+
4.8
rjP
126,800,000
+ 11.8
—
9.0
+ 20.2
29,561,006
+
2.2
7,667,828,166
+
6.9
57,020,608
30,338,238
'
861,000
215,019,840
.
'
^0;-:.:;-: ::
1944
District—Minneapolis— .
m
25,212,973
1
713,475,527
—
3;012,893
239,655,743
Inc. or
1945
Dec. %
$
$
Ninth Federal Reserve
Duluth
Minneapolis
IfInn
-.Rochester
,
„
;
Paul
Bt.
Winona
Falls
Fergus
»
—-
D—Fargo
Forks
N
2,579,943
663,653
p..,--———.-———
18,621,950
-
'Grand
V
-
—
2,205,000
2,342,010
--L——————
D.—Aberdeen —
*
——
Mlnot
A
Bioux Falls
'
—
Great Falls
.
Helena
5,814,385
21,286,659
525,392
—
—
Lewistown
'
(16 cities)
Total
Neb.—Fremont
,
,
•
■■
4,057,857
959,153,552
26,612,276
824,301
Mo—Joplin——™^—^——
Kansas city
—
fit. Joseph, — A—————•
Carthage
-
,
—
86,512,851
5,393,415
266,979,416
-
-
4,285,773
Okla—Tulsa;
Colo,'—Colorado Springs
;
Denver
Pueblo
-
—
-
-
>
Reserve
Eleventh Federal
,
■
Dallas
;
577,155,289
50,075,988
78,970,000
14,377,000
531,857,447
3,483,375
9,280,561
-
-
J;
V
Ai
>
7,802,842
8,321,193
38,575,695
31,297,639
35,755,613
126,982,976
32,947,229
+
Twelfth Federal Reserve
.'+
6.6
+
~
i"
+
5.8
4.—
10,304,176
4,183,800
-
+ 8.0
5,718,931
5,128,955
Portland
6,687,725
—
109,~024"798
;
.. .
+12.0
7.9
+14.3
—14.2
+23.9
+84.0
+ 6.6
.
Jose
Barbara
6.7
•'
.
6.5
+ 12.7
66,307,704
Company and
OF
3.404,498
2,813,000
+
+
+
Rhebeih Theatre^ Corp.,
+ 13.2
11,275,884
4,616,000
—39.1
4,281,000
-25.4
1,302,964
9.7
4,321,039
—
I
.
9,274,526
2,745,000
/
t
1,208,942
',
.4,853,658
122,440,156
102,386,500
6.4
85,266,605
2,063,590
76,390,781
1,423,598
¥'
+ 39.0
5.2
+
64, L57.777
66,248,433
227335,138
23,028,567
287702,381.
*+"¥.4
9,474,524
ilo'ffoli;
T¥I
577T67273
7,824,930
"+¥47i
378937519
3,324,113
2TI~62%215
209,788,000
3.9
8.5
B,¥3*5,174
5¥83»385l
252,802,000
+ 19.8
265,686,000
6,565,482
2,170,679
*3,800,000
7.3
479,128,592
445,888,165
6.9
+ 27.4
+
13.3
[+7.7
"¥¥l:
3,500,380
23.6
3,550,040
6.7
1,745,261
.1,441,025
+10.0
4,200,309
;. 2,567,868
+
7.5
424,627,727
10,808,143,144
9,486,115,671
+
13.9
7,525,236,369
7,506,175,786
4,305,045,504
3,780,880,352
+ 13.9
3,590,457,099
3,754,420,113
+ 21.8
+ 16.7
+
5,313,859
—
2,327,745
3,455,033
395,537,695
■
Co.—
1
1
1
132
132
132
1
*
July 19
$2784
s.f. gold bonds,
1952—..—..—__—July 25
j.
$5.25 pfd. stk. ser. A__Aug
Aug
———Aug
Gorham, Inc., $3 preferred stockr^_
Aug
Gulf Power Co. 1st mtge. 3 Vi % bonds due 1971,———Aug
Hub, Henry C. Lytton & Sons 5% inc. debs, due 1959-July
Illinois Power & Light Corp. 30-yr. 5 Vi% debenture '
2
1
15
Empire Gas & Fuel Co. 3 Vi (:/o
* ' ' S :
Power
Corp.
132
132
.132
132
133 '
$2557
July 20
11
—Sep
1957
due
Bridge & Terminal Co., 1st
4Vis
due
*■
1
1948
—
A,
due
1965
McCord Radiator &
Mercantile
Arkansas-Missouri Power
1965
——
Utilities, Ltd.,
Carolina,
Clinchfield & Ohio Ry.,
1
131
Sep
1
1
*
,131
1
due
debens., dated 1944______Aug
ref. & improv. mtge. 3 Vis, ser
Inc., "3V\(!o
Chesapeake & Ohio Ry.
—.___,_Aug
1st & ref. mtge.
3%%
bonds, due 1974
Aug
Chicago & Western Indiana RR., 1st & ref. mtge. 41As,
Ser, D, due
1962
Sep
Cincinnati Gas & Electric Co., 1st mtge. 3'As, due 1966.Aug
1996
series E bonds due ,1969-
.First mtge. 23A% series G bonds due 1974——
secured s. f. 4Vi%
1
136
/
bonds
Aug
1
12
B, due 1966
Aug
1
$2662
1951—'—
Aug
1
138
1
1
July 15
$2337
14
$2664
16
1963
York Dock Co.,
1st mtge. 4s, due
Mfg. Co., Ltd., 1st mortgage 4Vis, due 1956
Sep
Philadelphia Elec. Power Co. 1st mtge. 5'/2s, due 1972_Aug
Paton
23A% debentures, due 1964
Copper & Brass Inc.
-1st mtge. 3'As, due 1960.-Aug
1
2
1979_Aug
4 VzVc
——Aug
1
Schulco Co., Inc. guaranteed 6 % bonds, issue B__
Aug 1
Shell Union Oil Corp., 20-yr. 23A% debs., due 1961
July 15
Southeastern Gas & Water Co., 1st lien collat. tr. bds„
due 1951 —;
Aug 1
Union Oil Co. of Calif. 3% debentures due 1959——Aug
1
Union Terminal Co. 1st mtge. 3%s due 1967„_^____Aug
1
Safe
1st mtge. 4'/2s, due
Light, Heat & Power Co. 1st mtge,
Harbor Water Pr. Corp.,
bonds
due
1947
^—_—
•*.; 140
16
140
$2666
————
174
53
$2794
1
J2440
1
1
$2553
132
—Aug
1
$2440
—Aug
1
$2440
-
Acadia Sugar
6%
Maple Leaf Milling Co.,
4 Vi %
Anderson; Clayton &
Arkansas & Memphis Ry. & Bridge Co.
Sep
1
-
130
4
*
2
1,
13
1
preferred stock—
$2657
*
due
bonds
$2786
10
$2787
137
$2558
1
31
*
y
.
——Sep
1st mtge. ds, due
1956
University 1st mtge. 4'As, due
1950_Oct
Aug
O'Connor, Moffatt & Co., class AA common stock
Pennsylvania RR.—
■'■
General mortgage series C 3 'A % bonds due 1970
Quincy Market Cold Storage
»'■
ferred
& Warehouse Co.,
Co.,
convertible preferred stock
4%
debentures, due 1952—_
$5 ser. A and $4.25 ser.
Squibb (E. R.) & Sons
preferred
stocks
Aircraft Co.,
Solar
5% pre-
stock
Mfg. Co.
Rheem
—
series A preferred
.
Power &
&
Light Co.—
bonds, 5%
ref. mtge.
,
.
—
13
$2560
$2790
$313
•
Aug 15
•; »
Aug
1
Aug 1
Aug 1
$2451
$2596
16
v
July 16
B
12
137
I *
$2339
,-i-r
——-—-Aug 1
stock
—July ie
——-———
.
12
1
1
f ■'
series due 1956
—--^ug l
series A, due 2022--:.—July 1. *'
Tilo
preferred stock
-Sep 15
Union Oil Co. of California, 2%, debentures, due 1959—Aug 15
United States Leather Co. 7: prior preference stock—Oct
1
Waltham Watch Co. 6% preferred stock——
July 18
^Announcement, in this issue.
$ In Volume 161.
6%
10
;
1960
Ser, C, due 1978—
Toledo St. Louis & West. RR.,
New York
133
<'
July ,28
Missouri Edison Co. $7 no par preferred stock
Aug 1
Moore Drop Forging Co., class A stock.
Aug 1'
National Automotive Fibres. Inc., 6%' conv. pfd. stk—Sep
1
National Candy Co., Inc., 1st and 2nd pfd. stocks
Aug 15
New York,
Chicago & St. Louis RR., ref. mtge. 4Vis
'
income
7
46
——Aug 29
—
Co. 1st mtge. 3 Vis, due 1960
Aug
Micromatic Hone Corp., 5% cumul. cony. pfd. stock—Aug
Minnesota & Ontario Paper Co. 1st & collat. mtge. 5%
.
5s, due 1964—
4
30
30
6
Ltd. 5 Vi % 1st (closed)
bonds
mtge.
■>
1st mtge.,
20-yr. s.f. 3 'A %
Marion-Reserve Power
$2781
$2781
3
.July 16
1955——July 16
Co. 4% debs, due 1951 and 1953__July 31
consol. mtge.
16
Aug ,1
—Aug 1
preferred
V
and 6c/o
conv, preferred series A stock—
—Aug 15
Katz Drug Co., 15-yr.
debentures, due 1959
Aug 1
Kentucky Hotel, Inc., gen. mtge. 6% bonds, due 1947—Aug
1
1st
1954
$2782
Holly Sugar Corp. 7% preferred stock—
International Metal Industries; Ltd. 6%, conv.
Refining Co., Ltd.—
mtge. sinking fund bonds due
1st mtge. sinking fund bonds due
gen.
Corp.
ser.
Department Stores, Inc.
Hearn
Page
Date
130
,Os..
F
—July
Brentano's, Inc. class A stock
———
—:
Jun
Burlington Mills Corp., 5% preferred stock
—Aug
Consolidated Retail Stores, Inc., 8% preferred stock—Aug
Cuban Telep. Co. 5% 1st mtge. conv. bonds due 1951—Jan
Elliott Co., 5'/2 % preferred stock
Aug
Empire SteerCorp., 1st mtge. 6% conv. bonds, due 1948_Oct
General Cable Corp. series C 3Vi#> bonds
—July
ENTIRE ISSUES CALLED
Company and Issue—
1
Dec
—
,
Aug 15
Steel
Page
;
Ltd. 15-yr. 1st mtge. 4s due
1951
bonds,
Simmons
,
bonds due
—
Sugar Refineries
Bethlehem
Texas
Terminal Co.—.
3%%
11
—
Burlington & Quincy RR„
Union
July 15
debs., due 1948_Aug
Mfg. Co., 15-yr. 6%
Monongahela Ry., 1st mtge, 3'As, ser.
5
:
1965
Soya Co.,
J2782
Sep
1st mtge. 4s, ser. A,
1st mtge. 5s, ser. A
Canadian
*
bonds
—
—
Properties, Inc.
St. Joseph Ry„
130
Hospital 1st ref. mtge.
Little Company of Mary
New
Page
Date
9
10
135
Revere
——___„Aug 1
Corp. 1st mtge. bonds, ser. A,
—
July 23
*
1
15
1
bonds
series
1st & ref. mtge. 5s and 4l/2s due
•_!
8
*
~
1908
PARTIAL REDEMPTION
Company and Issue—
debentures due 1962
debentures
mtge. bonds, dated
July 9
Kansas City Gas Co., 1st mtge. 5s, due 1946
—Aug 1
Lefcourt State Bldg. (1375-1383 Broadway Corp.) 1st
/
15-yr. 6% income
1st mtge.' 5s,' dated 1937———July 16
Stores, Inc., V/2%
Food Fair
Kanawha
1
132
1
Cornell-Dubilier Electric Corp.,
•
1
1
1
—
,
I960—
and
1955
Atlantic
:
Date
*
Topeka & Santa Fe Ry. conv.
Atchison,
mtge. 5% s.f. gold bonds,
1st mtge. 4Vi% s.f. gold bonds,
1956
Company and Issue—
Page
Date
series A.——.—Oct
series B
Oct
series C—'
Oct
Consolidated Cement Corp., 15-yr. 1st mtge. 6s, due 1950_Aug
Copper District Power Co. 1st mtge. 4Vis, ser. A, due
1st,mtge. S'A %
Phillips Petroleum Co.,
.
li¥09,O74
82,073,644
99,051,000.
+ 17.9
Issue—
Cleveland Union Terminals
Page
131
bonds.
mtge.
43.2
—12.8
+
15
First
2,230,730
2,208,269
+ 28.0
"+
28,810,337
4.7
134,801,447,668
____July 25
Cincinnati
227,253,904
+12.7
274,298,635,226
TENDER
1—
due
248,404,765
61,002,257
2.8
144,051,952,527
Associates 1st mtge, & collat, trust
A, due 1956_____
—„__^__July 20
1958
E,
9.7
+
64,179,244
+
3091,775,417,296
134
134
Chicago,
iZ075,854
•+15.7
9.1
Date
Hundred Walnut Street Corp.
Central
1,638,899
"~78~4Z010
3.6
7.1
July 16
Georgia,' Southeru"& Florida Ry., 5% debs, dated 1924—Oct
1
Poli-New England Theatre, Inc., 1st mtge. bonds due
due
1,009,875
96¥l4",000
16,654,740
6.4
—
2,660,363
138,758,000
+
Eiec.
Gas
bonds, ser.
due
252,630,878
4,044,522
+ 16.7
13,263,631,101
+
277,216,630
155,¥21,181
f
TT.3
17.7
14,227,191,133
:+
l¥l¥589
962,139
+
6.3
5.1
+
1,307,946
+
8.o
+ 20.7
+ 17.4
+ 28.8
1,224,689
2,370,405
145,295,642
42,576,339
7,670,138,239
164,216,626
58,301,791
136,400,413
20.7
+
4,754,507
77,017,042
J'+
54,462,069
166/721^869
+ 31.2
2,522,779
69,373,738
88,156,016
254,560,578
46,181,499
114,007,100
37,583,410
7,122,305,688
134,826,461
49,940,111
113,811,058
31.0
+ 10.1
4,969,567
+ 24.9
?
276,327,336
16776~8~6".887
5,625,203
90,684,273
72,078,445
76,901,212
1
4^655,305
18
6,844,841
7.0
179,071,656
+
Gas & Fuel
1950
2,720,035
6,389,930
3,680,273
9,843,971
2,415,056
+
v
V
2,358,570
161.129
f
.
12,255,773
+ 12.9
Light & Power Co. of Bait.—
First refunding mtge. s. f. bonds—
- ;
Series N, 3 V*%, due 1971
£
Aug
■; Series O,
3 'A %due 1968
—
___.____Aug
Series P, 3%, due 1969_____
Aug
Series Q, 2%%, due 1976.—
Aug
Arizona
?2,204,721
+ 19.7
+
201,875,137
19
of corporate bonds, notes,
1
issue—
Co.,' 1st mtge, 4s, due
Bush Terminal
.* ■'
61,736,105
+
120,704,334
7.1
—10.9
common
NOTICES
,¥
7.8
4,564,419
167,766,535
22.5
+11.8
[+18.7
stocks called for redemption,
including those called under sinking fund provisions.
The date indicates the redemption or last date for mak¬
ing tenders, and the page number gives the location in
which the details were given in the "Chronicle."
preferred and
mtge.
183,364
3,514,269
206,403
i
Below will be found a list
1st
3,647,792
59,998,145
3,747,754
6.2
2,031,470
+
Notices
4%
240,831
+ 25.2
64,795,317
1st
Fifteen
+ 37.3
4,7~73,427
+
•
Redemption Galls and Sinking Fund
Eastern
+
321,812
1,828,146
1,940,834,919
42,545,883
742,786,384
0.1
Company and
Consolidated
212,346
441,775
24,006.075,202
26,181,666,660
Outside New York———
•Bstimated.
163,448,595
225,504
50,673,729,841
59,341,129,445
—
57,200,915
22,500,800
+ 30.0
—
2,377,408,609
2,527,026,133
cities)
Grand Total (186
164,632,729
;
«
4,308,151
—
23,549,812
2,273,849,903
55,394,013
48,995,134
18,020,000
1,888,040,372
36,776,356
709,188,196
22,708,823
2,433,732,456
,+
6,671,610
1,279,820,582
28,640,463
' " 7,971,230
20,021,621
•
80,393,000
2,957,412,585
22,633,408
45,373,425
17,175,673
+ 11.0
21,549,551
9,617,509
*23,500,000
—
———————
(19 Cities)
Total
+ 20.7
+16.4
+11.5
+14.9
+ 9.1
+12.3
— 6.1
+13.7
—10.3
+ 20.3
+30.3
+13.4
.+13.7
,
151,570,945■
'
7,429,391,864
+12.5
8,413,J«3
28,856,396
Stockton
176,635,110
+ 7.4
71,612,508
50,409,461
2,898,523,154
.
266,712,172
350,285,282
85,574,000
2,600,079,830
25,232,341
37,705,553
13,184,894
133,608,327
: •—
"
6,532,927,522
83,348,648
56,184,691
3,330,974,762
290,863,205
393,461,522
... . >.. ■ ■
■■■ ■ .
— ■■■■■
1■
36,444,643
.V
/
—
I4,043.fw>
1,345,714,355
Francisco
San
Santa
-
8,591,889
Ban
4,59^889
+
—
+
+
+
+
+
14,281,958
9,253,548,555
14,623,719
9,938,386,217
+ 9.6
+ 9.0
26,004,479
—
——
Riverside
■
985,348
3^523^706
2.1
0.3
2.6
5.8
0.5
7.3
9.4
— 6.7
+ 6.3
+24.3
+ 3.0
+ 7.1
+ 9.2
+ 2.4
1,889,649,133
6,486,247
7,785,488
85,205,824
196,390,309
21,593,709
4,893,013,152
174,597,296
5,423,088
334,071,359
28,443,111
1,459,302,353
23,151,775
1,930,054,381
6,469,246
7,980,051
90,128,850
197,357,942
23,163,792
5,350,975,754
162,970,816
5,762,277
415,342,113
29,305,662
1,563,436,883
25,281,118
9.3
+10.2
+ 1.7
— 4.9
+12.8
— 4.1
—10.1
+37.8
+10.7
+ 7.3+ 8.1
+ 1.3
11,025,778
-
Pasadena
109,¥14^682
-
—
14,553,515
13,6R7.4«1
-4———43,244,505
Beach
910,407
02
+"o".7
+101
.+ 13.9
+ 4.2
127,792,629
28,426,799
:
12,970,282
—
Berkeley
V-
.
136,881,697
34,817,979
——
—
Calif.—Bakersfleld
Long
+ 19.9
.+ 11.3
9,146,184
3,218,000
332,239,052
5,979,685
331,998,078
-
—
——
Modesto
1,290,125
4,390,165
213,224,935
5,291,084,386
11,670,035
12,425,223
Yakima
«
1.366,536
6.5
+
2,877,790
5,599,468,399
4,278,716
416,527,331
3,992,970
462,521,830
——
Utah—Ogden
Salt Lake city
Ariz.—Phoenix
1,322,099
1,547,385
3.7
Dlstrlet—San Francisco-—
-——
Seattle
«
+ 31.2
4^379,639
;+23.3
118,026,367
2,701,060
—
Wash.—Bellingham
Ida.—Boise
1,326,379
8.5
1,172.240,042
1,318,492,593
>Ore.—Eugene
3,227,028
6.2
6.4
.+ 11.7
1,380,361
23,389,224
c
,-i
(11 Cities)
"
*
2,890,392
2.4
+
515,499,330
45,702,807
72,445,984
15,610,000
465,214,226
4,061,359
7,491,171
:
2,540,959
24,926,697
ia^-fihreveport——/
'7
+ 17.0
—
0.4
8.9
+
+25.4
+12.7
Texarkana
;
>;..+
13,058,122
8,387,458
-
—
Total
36,353,275
80,548,344
District—Dallas—
—
16,372,760
9,452,517
Wichita
w
12,619,746
82,493,606
+12.4
Arthur———
Falls
Port
13,030,288
42,519,819
2,808,262
:
.
'Houston
V
1.4
1,573,239,621
II——
Galveston
+ 29.5
3.3
2,844,638
Worth
Ft.
■
3,116,058
3.0
1,767,669,151
-
—
LI
Paso
El
+
+
—
-
Texas—Austin
Beaumont' —————
•
82,119,628
14,888,000
+ 12.6
15,334,900
—
WyOMlng—Casper
T»tol <l« cities)
40^343^269
+ 13.8
+
289,999,046
1,117,072
1,532,213
21,036,341
33,783,910
4,268,717
850,663,724
27,763,871
916,823
62,783,093
4,873,282
248,861,546
3,963,963
330,176,477
lUns—Manhattan-—1,162,890
^parsons
1,389,812
Toneka
23,176,592
Wichita"
34,350,652
.
4p¥o¥,349
1,740,597
2,804,577
+ 19.8
18,097^393
l^oTe"^!
——IIIIIII
Omaha
—
+ 15.5
2.3
3,193,134
92,441,656
+ 18.2
770,360
831,758
-
LlnScolnS
•
40,424,921
4,034,235
4.2
•!+
District—Kansas City-
Federal Reserve
Tenth
46,707,143
+
14,475,465
+ 18.0
954,278,034
1,066,240,463
—
4,178,091
108,748,434
+ 13.1
13,679,937
1,211,965,326
14,813,686
—
506,598
110,971,005
149,319,357 >
+ 11.1
1,263,256
5,569,995
5,793,316
19,542,944
—
—
-
4,208,771
+ 22.3
5,496,579
6.0
+ 33.8
1,344,388
6,673,893
-
Huron
+ 37.2
5.2
+ 38.4
6,725,692
12,600,363
4,007,353
122,080,109
+
1.2
8.2
+
—
7,936,133
14,889,921
'
Mont.—Billings
+ 33.4
Dec. %
+
•
1943
Inc. or
$
103,956,483
3,736,439,257
15,471,477*
1,262,345,190
.+12.2
1944
$
Dec. %
3,524,380,117
109,390,470
+ 20.4
20,941,692
635,743,146
2,257,766
221,469,686
2,611,185
479,542
13,916,555
2,481,000
2,375,296
July 7-
1945
Inc. or
1944
$
19*5
5
'
•Week Ended
Jan. 1 to June 30-
-Month of June—
Clearings at—
FINANCIAL CHRONICLE
THE COMMERCIAL &
Number 4403
162
Volume
174
$2489
$2490
$2490
gold debenture bonds,
Roofing Co., Inc., $1.40
53
*
.
; 54
$2491
■
THE COMMERCIAL & FINANCIAL CHRONICLE
Name of Company
Foreign Exchange Rates
Pursuant to the
world!
We give
FOREIGN
™
U
EXCHANGE
CERTIFIED BY
RATES
V
JULY 6.
-
v
.
Burlington Mills,
5%
preferred
.
Noon
Investment
Canadian
,
;V
Food
;"v.'■■■'■:
Brazil, cruzeiro—
>
/
'
3.208286
3.208620
de
Pasco
41/2%
W
$
6%.- prior preferred
1—
.251247*
.251247*
Cincinnati
3.208950
f
3.208620
3.209950
6V2 %
Postal
.060602*
.060602*
.060602*
.060602*
.051802*
.051802*
.051802*
.909090
.909090
.909090
.909090
.909090
.909090
Coast
.908125
.907812
.569800*
.569800*
Colgate-Palmolive-Peet,
New iVz'/o preferred
Common
.051802*
5%
Official
;
.907500
.907500
.907500
.907500
.569800*
.569800*
.569800*
.569800*
Free
Colombia, peso
;
Columbian
Carbon
4.027812
4.029375
.301215
.301215
.301215
Congoleum-Nairn,
4.026562
.301215
.205820
.205820
.205820
.205820
.205820
.205820
Consolidated
.909090
Mexico, peso_
Newfoundland, dollar—
——v
^
.909090
.909090
.909090
.909090
.909090
Converse
Free_
'
3.244203
3.980000
Uruguay, peso—
3.221666
3.222666
3.980000
3.980000
.658300*
.658300*
.658300*
.658300*
.542650*
.542650*
>
.658300*
.542650*
Inc.
(accum.)
Forster,
4>/2%
York
Auction Sales
Transacted by R. L.
Day & Co., Boston, on Wednesday,
Deposits
v,;,
'
'
STOCKS
Mining
Fawn
Co,
Ltd.
(par
$ per share
35 V2
—
375
—
$1 lot
cents
50
the
in
$142,000,000
and
Investment
Chicago
District;
(In thousands of
-
dollars)
in
Gold
certificates on hand and
1945
due from U. S. Treasury——
17,363,915
Redemption fund—F. R. notes—
689,213
*
i;.
July 12;
1944
1945
19,700
—1,164.210
21,089
+
—
+
268,680
AssetsLoans and
18,053,128
Total reserves
202,184
'•
+
473
72,879
+
33,995
3,254
Discounts and advances.:
+
51
Industrial loans
73,839
+
12,694,843
Certificates—
6,052,011
+
Notes
1,684,950
Bonds
1,112,642
—
346,454
21,620,579
—166,848
+ 6,728,465
F. R. notes of other banks
93,069
1,821,483
Bank premises
34.057
Other assets
57,241
Total assets
41,881,851
+
6,748,297
9~583
+
—106,607
2
+
742
+
+
1,969
+
11,170
648
—
—
'
5,842
f: +5,785,551
liabilities-
398
23,151,382
50,009
+
+
4,192,633
Deposits:
Member bank—reserve acct._
-U. 8. Treasurer—gen. acct—
68
585.128
1,243,385
..
373,605
—151,877
+
82.360
+
—
+
36,686
—
66,545
—
1,721,099
68,367
244,308
16,772,524
availability Items
1,413,929
Other liabs., incl. accrd. divs
Total liabilities
8,527
41,346,362
—264,096
53,071
—
815
+
—266,343
+
—
1,543,633
33,219
+
+
170,485
109,686
Total liabilities <fc cap. accts..
+
L867
+
+
+
41,881,851
+
make
45.2%
—264,044
+
,2%
+
—
5,097
—
55*
+
40,056
V
200
29,642
5,785,551
10.2%
1,182
Condition Statement of Member Banks
leading cities
following principal changes for the week
July 3; Increases of $754,000,000 in loans and in¬
the
vestments
and $1,158,000,000 in United States Govern¬
deposits, and a decrease of $492,000,000 in demand
deposits adjusted. V
ment
Loans to others than brokers and dealers for
purchas¬
carrying United States Government obligations
increased in nearly all districts, and the increase at all
or
was
$188,000,000. "Other loans"
increased $40,000,000.
of Treasury bills increased $63,000,000 in
City and declined by the same amount in the
Chicago District; the increase at all reporting member
banks was $43,000,000.
Holdings, of Treasury certificates
of indebtedness increased $86,000,000 in the Chicago
District, $49,000,000 in New York City $20,000,000 in the
Richmond
District, and $164,000,000 at all reporting
member banks.
Holdings of United States Government
bonds increased in nearly all districts and the total in¬
Holdings
New York
crease
was
Demand deposits adjusted declined in
nearly all dis¬
tricts, the principal decreases being $177,000,000 in New
342
+
6,085
14
27
—
+
+
,
+
+
1,762
+
2,216
•
1
—
ur-+ 138
64
pfd.
6%
(New York)
Co.,
common
8-
V/zC
Star
(quar.)
Corp., common
preferred (quar,)—
Appleton Company (quar.)—.—._
Ault & Wiborg Proprietary, Ltd.—
5y2%
preference (quar.)—
—
Baltimore American
Insurance
Extra
Bathurst Power
Beau
Brummel
Belleterre
4c
(quar.)
'
Ben
Hur
Mines
Power
&
Products, $1.75 prior pfd.
7%
preferred
Beverly
Gas
Blue
Ribbon
Blue
Ridge
&
(quar.)
Electric
:
—
.
Payable ih cask
stock
Booth Fisheries Corp,,
7-17
Hundred
5%
Corp.,
7-
8-10
7-30
Associates—
30c
7-16
25c
8-
1
7-20
$55'Ac
9-
1
8-
1
$1.50
7-16
7-
3
50c
: 8-1
—.
''-.V-
...
(quar.)
7-9
7-20
$1
...—__
8-
1
7-20
8-
1
7-20
Y.j—
(N.
15c
9-15
9-
8-15
7-31
5c
8-15
7-31
$1.75
8-
7
7-30
50c
9-
1
8-15
$1.25
(irreg.)—...—.
9-
1
8-16
(quar.).
pfd. A (quar.)...
Class B (quar.)..
12'/2c
8-15
8-
1
2 y2c
7-16
7-
5
30c
9-10
8-30
Class A—
10-
1
$1.50
10-
1
common
::V.
Lighting Corp.
9-20
9-20
30c
7-16
75c
7-16
$1.75
7-16
6-30
15c
7-16
6-29
$1.50
7-31
50c
7-11
Ohio Telephone
H.)
5
10c
(s-a)
$1.50
(N.
7
1
20c
Co.
Co.,
8-
(quar.)..——
(s-a)
:
7-10
■
7-10
7-13
6-30
$25c
10-
1
$$1.75
9-
1
7-27
8-27
$100
8-
1
7-16
$1.25
8-
1
7-16
75c
(quar.)
,
8-15
7-20
8-31
7-20
25c
7-14
7-
7-31
Peoples National Bank
Manufacturing,
Potomac
7-20
7-20
7%
Procter
7-17
Public
&
6% preferred Iquar.)
(quar.)—
Gamble
Service
Co.
1
7-10
8-
1
7-10
$1.50
8-
1
7-11
$1.75
—
8-
1
7-11
8-15
7-26
50c
(quar.)
of Colorado—
Co.
41%c
preferred
8-
1
50c
(monthly)...
preferred (monthly).
7% preferred (monthly)—
Raymond Concrete Pile, common
7-21
———
7-21
8-
1
7-16
58y3c
8-
1
7-16
25C
8-
1
7-20
(quar.)..;
Extra
7-31
7-31
7-14
9- 1
8-
(s-a)
6%
7-23
8-15
Edison,
preefrred
5%
7-17
7-31
$4
(quar.).
7-16
25c
8f
1
7-20
75c
8-
1
7-20
13%c
8-
1
—.
preferred
...
Republic Drill & Tool, 55c conv. pfd. (quar.)
Republic Investors Fund, common—...
—
6%
2
$1
25C
(Brooklyn)
Extra
8-15
8-15
common
7%
8-31
(quar.)..——
6% preferred B (quar.).....
Reynolds (R. J.) Tobacco—•
5c
\
7-31
7-10
7-19
15C
11-
1
10-15
15c
preferred A
11-
8-15
(quar.).
9-15
8- 1
15c
$1.75
70c
$62y2c
8- 1
8- 1
7-14
8- 1
10-15
8-15
7-25
35c
8-15
7-25
25c
7-14
7-
6
7-14
7-
6
50c
8-
7-20*
25c
7-10
Inc.——
20c
7-20
7-11
(quar.)———
25c
7-30
7-17
30c
7-30
$10c
$1.25
1
35c
5c
6-20
5c
$25c
7-30
7-17
n
<>
—
7-20
—
—
(quar.)—
(optional)
'
(quar.)——„
7-23
1
7-14
8>/3C
1st preferred A
Paton
*
v
Common
7-18
Class
75c
$1.50
9- 1
8- 1
B
interim)
(quar. interim).
(quar.
Rochester-American
Insurance
7-12
7-20
Rochester
7-
Rqper
7
Transit
Corp.
(George D.)
Russell
7-20
Berg
Fund,
S. & W. Fine Foods
X-32n<$ of a share of
$6 pfd.
1
8-
8-31
—
:
8-
(final)
Northwestern Fire & Marine Insurance
.
common
(J. J.)
1
$1.05
—
Cotton
Brake
7-23
25c
Light
Insurance
Steam
1
9-15
10c
{irreg.).
Corp., Ltd., 5% pfu.
Corp., $3 preferred
.
——
Air
8-17
8-
25c
(quar.)..
(quar.)
common
8-
9-10
$1.50
—......
$6 pfd.
1
Liberty
8-28
1
8-15
25c
—
(accum.)..—
Co.
10-
$5c
20c
(quar.)
7-20
(initial)
Berland Shoe Stores, common
8-21
25c
(quar.)l
Corporation
Northern RR.
7-16
Ties
Quebec
9-12
V
2
9-15
8-^1
5C
7-31
$$1
(quar.)—
—
Paper, Class A
8-20
6-30
$$1.75
10c
—
&
8-
7-31
(quar.)—...
8- 1
—-i-
—
Bartgis Brothers
8-16
8-20
preferred (quar.)—:
...——
Pennsylvania Gas (quar.)———
$$1.37Va
(s-a)_—
$5c
15c
Light,
Shoe Corp.,
Northern
V
——
7-20
'
...
American Acceptance,
Pacific
8- 6
8- 1
8- 1
—
8-25
12»/2c
Ogilvie Flour Mills, common (quar.)
7% preferred (quar.)
It
Pacific Coast Mortgage (liquidating).
Pacific Finance Corp. (Cal.), 5% pfd. (quar.)
8- 1
9- 1
10- 1
7-26
8- 1
8-30
8- 1
8- 1
50c
12V2c
(quar.)__
30c
371/2C
30c
(quar.)—
50c
$1.25
—60c
7-15,
1
(quar.)
:
$6 1st preferred B (quar.)...:
—.
North Boston Lighting Properties, common.
$3 preferred (quar.)..
North Penn Gas, $7 preferred (quar.)—
of Ree.
(s-a)
1
9-
8C
preferred (initial quar.)
$6
Holderi
25c
$3iOc
$$1.75
10c
1
8-
—
-
Electric
8-15
9-
10c
—
(resumed)—
Biscuit Co.
preferred
North
Industrial and Miscellaneous Companies
(quar.).—
37 y2c
v.
;
North American Car Corp.,
announced this week are:
—
7-20
(quar.)
Co.
Gas
—
Nineteen
When
1
—
—
Power .&
Newberry
Payable
8-
Electric
York
New
Per
7-20
$1.12 »/2
$1.25
Corp
Co.. (quar.)..
(S. S.)
7
1
(quar.)
—
7-23
7-
8-
(quar.)
preefrred
National
Share
7.
7-28
1
7-16
40C
Mills, common (quar.)
Micromatic Hone Corp
Company
7-
8-15
$1.50
Semi-annual
,
5%
7-20
7-14
$1.50
Merchants & Manufacturers Insur.
Department" in the week when
American Viscose
7-20
8-15
(Joseph), 6%
preferred
4%
12
grouped in two separate tables.
In the
first we bring together all the dividends announced the
current week. • Then we follow with a second table in
which we show the dividends previously announced, but
which have not yet been paid.
Further details and rec¬
ord of past dividend payments in many cases are given
under the company name in our "General Corporation
Forging & Socket
Light & Traction, com.
9-1
50c
25C
—
7-28
Melville
are
preferred (quar.)
American Stove Co.
(quar.)-.___
8-25
(accum.)
Mclntyre Porcupine Mines (quar.)—.
Marble, 6# preferred (quar.)
DIVIDENDS
6%
8-15
9-1
7-16
Naumkeag
American
8-15
9-15
$1.50
(quar.)—.—
1st pfd.
Extra
American
9-15
$3
McNeel
14,643
during week
preferred
50c
(s-a)
1
$2
152
+
—
6
8-
McGraw
960
248
1
7-20
7-
8-15
Massachusetts
3,314
18
deposit accounts except
U.
S.
Gov't
accounts,
Air-Way Electric Appliance Corp
American Equitable Assurance of N. Y.
7-14
$1.25
York)
(irreg.)
Manufacturers Trust (N.Y.), $2 pfd.
51
+
492
+
1,033
Foreign banks
7 %
$25
1
50c
Extra
+ 1,158
10,047
Domestic banks
Agnew-Surpass Shoe Stores, com.
8-
60C
Maiden
1
16,179
Adams-Millis Corp.
7-16
8-
25C
(quar.)..
Louisiana
6
Interbank deposits:
'Name of
8-15
8-15
common—^
(New
A.)
(George
Loose-Wiles
906
12
v
+;
1
8,542
The dividends
1
7-30
(s-a)——
Lone
201
+
43
MM
35,875
Investment News
7-17
9-
15c
Lamaque Gold Mines, Ltd. (interim)——
Leonard Custom Tailors (irreg.)
:.:y
Time deposits
Dividends
7-31
50c
(s-a)__
(irreg.)
Electric
Marathon
and
25c
25c
Watch Co., 6 %
Insurance
Kresge
614
23
—
—
2,424
1,617
6
..—
542
The condition statement of
weekly reporting member
banks of the Federal Reserve System in 101
reporting member banks
2,194
—
7-20
6-30
—
(quar.)
Bank
Elec. & Util.,
Extra
20
+
3,132
declared.
ing
+
30
9,732
and
ended
43
164
+
Other securities—
11,563
•Revised.
shows
+
+
Cash in vault
Interbank
7-20
7-13
7-16
(initial)
Knickerbocker Fund
5,704,090
indus¬
trial loans
24
+
Reserve with Federal Reserve Banks
demand
1
10c
-
——
Jessop Steel. Class A—
Kerr Lake Mines, Ltd.
167
1,932
Obligations guaranteed by U. S. Government
to
1
8-
7-25
15c
(irreg.)—.—
Tire & Rubber,
National
5%
1,043
to deposit &
F. R. note liabilities combined
to
432
27,165
Other capita] accounts
Commitments
■
228,153
Burplus (Section 13b)
res.
+
:
7-25
21%c
Republic Insur. Co. of Amer. (s-a)
Corp. (liquidating)—..
Jantzen Knitting
21
—
.
9,496
1
Capital Accounts—
Capital paid ln___
Surplus (Section 7).
+
24,899
Debits
Total deposits
10
10,775
Treasury bills
1,525
—
Company
International Utilities
54
40
•'
(quar.)
—.
preferred (quar.)......
6% preferred (accum.).
Interchemlcal Corp., common (quar.)
4«/a '/c preferred (quar.).....
—
808
—
8-15
t: 8-
25c
common
(quar.)...—...
>—
Shares
Trust
preferred
Home
•
deposits-adjusted.
$1.50
Securities
Hormel
215
+
3
—
1,510
Liabilities—
preferred
Refrigerator
&
Home
662
+
188
+
1,048
.
U. S. Government deposits
14,570,406
+
—
Other securities
Demand
Federal Reserve notes
Gear & Machine,
Company
Haverhill
101
—
7 V
.
a'"+'
2,383
Treasury notes
$1.12 y2
—
Shoe Corp. (quar.)—
Fire & Marine Insurance
Havana
1,760
20
879
—
obligations
Real estate loans
Corp.—
convertible
6%
Balances with domestic banks
—264,044
7-21
pfd.
House of Westmore,
1,821
26
—
110
Uncollected items
Ratio of total
18
Treasury certificates of indebtedness
Total loans and securities.
Deferred
+
Loans to banks
—200,894
8-15
Hamilton
pur¬
Other loans
Due from foreign banks
Foreign
for
obligations
U. S. Government
502,415
Total U. S. Govt, securities
21,544,446
7-14
1
Grace
Other loans for purchasing or carrying:
2,670,021
+
(lncl. guar, sec.)—
dealers
and
U. S. Government
7,922'*
+ 3,902,483
5,936
-
brokers
to
Other securities
—200,894
1
Gilchrist
chasing or carrying:
27,754
—
U. S. Govt, securities:
Bills
Loans
2
9-
Gibson
8,029
+
208
■
7-15
7-
7-31
5%
Gibralter
agricultural
loans
895,530
—
—
and
industrial,
Commercial,
1,389
—
754
+
'7-16
8-
General
$
+
9-1
25c
$1.75
Boston
Foundation
1944
14,043
-
7-12
'
July 5,
27,
7-15
1
1
$5
$
8-18
9-
25c
A
8-
Globe
1945
64,291
Investments—total
Loans—total-.
'
Other cash
June
7-19
9-15
$2
Goodyear
$
7-14
1
$4
$15c
(quar.)..
60c
Decrease (—) 81nce
1945
8-
9C
7-16
1
Foote Bros.
of dollars)
July3,
1
7-17
9-
Goodall
(- -) Since
9-
;
7-26
25c
Fresnillo
Increase (+) or
July 3,
1
8-
2
$1.25
First
>
Increase ( + ) or Decrease
July 11,
Assets—
7-20
(s-a)_,
Faber Coe & Gregg, 7% preferred (quar.)
Firestone Tire & Rubber, 4Vzc/e pfd. (quar.)
000,000 in New York City and $34,000,000 in the Kansas
City District; the increase at all reporting member banks
was $248,000,000.
Borrowings of weekly reporting member banks de¬
clined $138,000,000.
:
* ..
A summary of the assets and liabilities of reporting
(In millions
-V.;.
(irreg.).
Company
Empire District Electric,
nearly all districts, the principal increases being $110,-
•
.
7V2c
Eppens Smith Co., Inc.
member banks follows:
Reserve Banks Combined
$1.13
(quar.)
7-
9-18
1
9-15
$1.12 Vz
(quar.)—
Class
Paper,
7-14
9-29
8-
■
$2
Class B
-
Statement of Condition of the 12 Federal
Ltd.
7-16
30c
Duriron
increased
increased
banks
domestic
to
credited
Trust
of N. Y.
Stores,
7-16
7-23
8-
37»/2C
(quar.)
„
Corp.
Donnacona
all reporting member banks was $492,-
000,000.
United States Government deposits
substantially in all districts.
,
v
Boston
1
City
the decrease at
Commonwealth Supplies Co. common B
Athenaeum (par $300)
10
100
...
—
(quar.)___
Light, 4'/2% pfd. (initial quar.)
Diocesan
-
7-17
7-23
$2
(quar.)_
common
1
15c
37>/2C
preferred
Dominion
July 11:
Inc.——
Discount
Shares
Industries,
Davidson Brothers
•Nominal rate.
...
(quar.)
Chemical
Dallas Pwr. &
.552666*
—
quar.)
(quar.)
preferred (quar.)
Cuneo Press, Inc., common
.658300*
.542650*
—■
(initial
8%
.542650*
Controlled
Noncontrolled
&
Crum
3.980000
-
(quar.)
common
Co.
partic. pref. Class A (quar.)
Rubber, 60c special pfd. (irreg.)
preferred
3.221333
3.980000
,
(quar.)
cum.
$2
.905416
.905625
.905000
:4
3.221000
3.221333
3.980000
—
pound
.905000
.905000
.905000
;
pound.
Union of South Africa,
*
$4
.
Official
New Zealand,
;•<
(quar.)___
4.027500
4.026875
.301215
Co.—
(s-a)
preferred
Breweries, Ltd.
,.301215
4.027812
England, pound sterling.
India (British), rupee
(accum,).,
Realty
City of New York Insurance
;
Cleveland, Cincinnati, Chicago & St. Louis Ry.
.051802*
'
&
(quar.)__
.060602*
Canada, dollar—
pfd.
Terminal
preferred
.060602*
'
.——
(initial quar.)
(accum.)
Chicago Great Western, 5%
'
.051802*
Official-
—
Copper______
prior prexerred
.297733*
.297733*
.251247*
.251247*
.251247*
.251247*
3.228000
Ltd
(quar.).—
(quar.)
preferred
Cerro
July 12
$
pound;
,r„ j
July 11
.297733*
.297733*
.297733*
.297733*
Fund,
Products
Certain-teed Products—
July 10
July 9
July 7
Argentina, pesoOfficial
■
'
;
Central Arizona Light & Pwr., $7 pfd, (quar.)
Value In United States Money
July 6
Australia,
'
York
Buying Rate for Cable Transfers In New
,
(quar.)
(initial)—
preferred
Canadian
.
'::
>
Y.)
$1.20
FEDERAL RESERVE BANK TO TREASURY UNDER TARIFF ACT OF 1930
.^1
TO JULY 12, 1945, INCLUSIVE
v • ,,y
:;y/- y^y*
-
(quar.)
(N.
$6
i
,
Inc.
Trust
California Water & Telephone—
.
1945
-
Country and Monetary Unit;
Fund,
Bronxville
of the
the buying rate for cable transfers in the different countries
week just passed:
below a record for the
Boston
the Tariff Act of 1930, the Federal Reserve Bank is now cer¬
requirements of Section 522 of
tifying daily to the Secretary of the Treasury
Monday, July 16, 1945
8-10
7-21
siM.ru
Secord
Rar.hr„-.k
(Laura)
:
(quar.)
(s-a)..
Corp—
Co
„
\
.
Candy Shops (quar.)
■
,
1
■">
0-1
6-29
+
r\
ffi X
.
Volume
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4403
162
!
8lVzC
A (quar.).
Sharp & Dohme, $3.50 preferred
Sierra Pacific Power, common
35c
8-
1
7-16
$1.50
8-
1
7-16
;
preferred (quar.)...—
Investors —_______
Sons (quar.)...
5% preferred (quar.)...
Standard "Fire Insurance (N. J.)
(quar.).—
Technicolor, Inc.
_
:—
Teck-Hughes Gold Mines (interim),
Texas Water, 6%
preferred (quar.)______.w.
Thermoid Co., $2.50 pfd.
(initial quar.)
6%
10c
8-20
9-10
9-' 1;,
7-16
S.
Fire
S.
U.
Rubber
8%
Cio.,
Walker
$1
(quar.)
common—..
Callite
6%
7-20
7-20
8-15
8-
1
8-15
8-
1
$3.40
8-15
7-31
Canadian
8-1
7-14
$2
__
5%
9-10
8-20
8-20
Canadian
Canadian Fairbanks-Morse Co.,
9-15
9-15
8-10
9-
8-15
20c
W.)
(F.
Co.
6%
8-15
8-
lc
7-16
Registered
7-10
Class
8-10
9-
1
8-
1
7-20
50c
10-
1
9-20
40c
—
—
B
■
dends
Miscellaneous
and
Abraham
Acme
Aeronca
Fund,
Air
Reduction
Inc.
7-14
8- 1
7-16
133/4C
8- I
7-16
7-20
7rl0
25c
7-16
6-29
25c
7-16
6-29
20c
7-25
6-21
8-
7-13
(quar.).
(quar.)
Inc.
Co.,
7-25
—.
"
Extra
Inc.__
Mills,
Allen town-Bethlehem
7%
:
...——
Gas
5%
7-
8- 1
7-15*
15C
7-20
stock
7-25
75c
8-15
;
7-25
8-15
American
Fork
American
Home
Products
Corp.
American Maize
75c
8- 1
7-10
$1.25
7-16
6-15
8-15
8-
25c
9-15
8-31
20c
—-
Products,
common
common——
monthly i_
t
8-; 1
7-14*
7-
8
2
25c
7-16
$1.75
12-15
12-15
50c
8-31
8-3
$1.75
(quar.).
7-31
7- 0
American Paper Goods—
preferred
(quar.)
——
American Smelting & Refining Co. com
1% preferred (quar.)—
American Telephone Co. (Abilene, Kansas)—
.5% preferred (quar,)
:
•7%
American Telephone
(quar.)...
r: $2.25
7-16
(liquidating)..
25c
7-16
& Telegraph
Verre-Mural,
1917)
payment clears all arrears)
$5 convertible prior preferred (quar.)
Anaconda Wire & Cable
————
Anchor Post Fence Co., 6%
pfd. (quar.) —
.6% preferred: (quar,)..
...
6%
preferred (quar.)..
Anderson Clayton & Co.
(initial)...
Anglo-Canadian Tel. 5Vz%
pfd.
(quar.)—
Anglo-Huronian,. Ltd. (s-a)
.
Anheuser-Busch,
10c
9-
1
1
7-13
Inc.
Mills
$1.50
$6
10-22
1-31-46
7-20
7-12
1
7-10
7-24
6-23
8-
$68%c
$10C
$1
.
8-
7-15
$1
7-16
$1
.
preferred
Fe
Powder
Avondale
jCabcock
&
Wilcox
Co.
'
of
Scotia
Nova
(quar.)
preferred
Best
,
Foods,
Inc...
Electric
Birtman
Co.
Ami
Class
Edison
Boston
Co,
Personal
Mass.)
Brandon
Brantford
class
Corp.,
Brewing Corp.
Bridgeport Hydraulic
British Columbia
5%
prior
Brompton
Pulp
&
6%
Electric
Co.
preferred
Gas
8-1
6-30
$1.25
7-21
7- 5
7-16
6-29
$1.25
5 7o
Dominion
preferred
7-14
1
8-
1
7-14
Dominion Woollens & Worsted
7-16
7- 2
Dow
10%
7-16
.
Dun
8-10
8-25
8-
7* 2
7-7*
1
4
Co.,
preferred A
1
7-27
7-31
7-14
7-21
7-14
7-20
7- 2
8- 1\
6-30
Extra
?.
(quar.)
first
Extra
1
8-31
Tool
preferred
Mining
Press,
Consolidated
$2.75
preferred
Common
$1.25
7-16
68%c
8-
1
7-25
Coon
50C
8-
1
7-10
7To
7-20
6-30
7-15
62 VzC
9-10
8-25
7-16
6-30
9-20
6-20
,
6-20
(quar.)
—
.
(W.
7-16
6-30
18c
7-16
7-
$25c
7-16
3
6-
7-16
30
8-
1
7-14
8-
1
7-14
8-
$20c
$75c
$37%c
$$1.25
1
7-14
7-16
6-27
7-16
6-27
8-
1
6-30
8-
1
7-31
6-29
7-31
6-29
8-
6-30
7-
1
7-14
1
8-
2
6-15
7-16
7-15
7-
2
7-15
7-
2
9-10
8-20
10-
1
9-20
1
7-13
7-
7-14
25c
7-20
7-10
2
B.)
Cross
$
Exeter
$1.50
8-15
7-20
Fairchild
Falstaff Brewing Corp., 6% preferred (s-a)
Fansteel Metallurgical Corp.—
8-15
7-20
$1.25
8-15
7-20
8-
$1.62
"8- 1
preferred
preferred
$5c
$10c
$5
Electric
Federal
6-30
Federated
7-16
8-
7-
10c
7-15
9-29
$$1.50
12-24
8- 8
7-1
8- 1
6-30
9-
Co.
of
N.
United
preferred
(quar.)
-
,
common (quar.)—
Sons Co.,
(Wm.)
Tire
(quar.)
(quar.)..
preferred
preferred
7-16
6-30
Fcfrt
Pitt
1
6-27
Franklin
5c
7-31
7-7
Fraser Co.,
7-31
7- 7
Co.
Cudahy
9-14
10-
1
y 9-14
8-
2
10-
10
5%
.
1
9-14
15C
7-16
6-30
8-15
8-
9-
1
of
Class B
I. G. Chemie
7
Gardner Electric
7-
8-31
7-
6-20
2
of the
General
8%
Baking
7-16
6-30
General Electric
Co.
7-16
6-30
General Finance
Corp.,
4
General
Cable
preferred B
Bank Trust (N. Y.) (quar.).
(quar.)
60c
8-
1
65c
7-25
&
Atlantic
General
Mills,
6
General
Metals
$1.75
7-16
7-
11.31%
7-15
6-22
7-20
6-30
$50c
8115
7-16
(quar.)
preferred (quar.)
25C
7-13
6-22
43 %c
8-15
8-
Corp., $5 conv. pfd. (quar.)
$1.25
9-
8-13
Co.,
Sugar
Packing
(quar.)
Co..
Inc.
conv.
1% pfd. (quar.)
(reduced).
1
7-20
8-
6
7-10
8-
6
7-10
25C
7-20
75e
8-
1
7-20
$2
8-
1
7-10
$1
7-23
6-28
7-23
6-28
7-
5
1
6
$1.75
9-29
9-15
75c
7-16
7- 2
30C
7-16
7- 2
General
Paint
Trust
(accum.)
common
—
(quar.)
(Boston)
-
:
(quar.)..
$5 preferred
(extra)..
Corp.,
1
7-14
1
9-15
8-
1
7-13
40c
7-25
6-22
5C
7-16
7-
11-25
11-10
30c
11-25
11-10
6c
7-20
8-
(quar.).
8-
$1.25
5%
preferred
(quar.)
(interim)
—
(quar.).——Giddings & Lewis Machine Tool Co
Gillette Safety Razor common (quar.)
Georgia RR. & Banking Co.
$5
preferred
(quar.)——
1
2
6-30
7-10*
7-31
7- 9
25c
$6 preferred, (accum.).——
General Steel Wares, Ltd., common
1
8-15
40c
7-20
7-
$1.50
8-15
8- I
8-15
7-17
General Steel Castings Corp.—
•
6-29
8-
10-
$1
(quar.)
(s-a)__-
Corp.
Corp.
7-16
15c
$2
...
(s-a)
(s-a)
Inc.
General Motors
Co., Ltd.
1%
Investors
6
10c
Seal
General
7-20
7-
Corp.—
(quar.)
7-20
8-
$1.75
—
7%. pfd.
(quar.)
Corp..
preferred A
(quar.)—
7-16
1
25c
(quar.)
preferred
8-
8%
Electric
6-30
8-
$3.50
common..
common
8-20
5%
A preferred
7-14
7-31
common.
Light Co.,
7
—
6-30
7-25
have the option
l/900lh share of the
or
Co.,
7- 7
Refining common
7-10 1
7-20
stock
B
taking cash
20C
common.:
7-23
7-20
10c
„
5c
25c
common
80c
—
6-11
25c
common
25c
(s-a)
'
11-20
I. G. Chemie common.
8-17
7-16
9-15
62y2c
8-20
1
,
Common
3
30c
preferred
1
7-18
.
■
7-
Cuban-American Sugar,
Cuban
1
$2
20c
1
6-2.1
7- 9
9-15
1
Cork
7-12
10- 1
8-
Crown Drug. Co.,
1
25c
9-
12-
15c
(quar.)
(quar.)
A
(quar.
$3 convertible preferred (quar.*>_
—
Garfield Building Co., common vtc
General Aniline & Film Corp., common A__
Holders of the A stock have the option
of taking cash or l/90th share of the
C,o.,
8-
Crown Zellerbach
1
9-15
5
25C
;
25c
Cork & Seal
8-
1
Corp.,
$1.75
Crown
8-
10-
3iy4c
Company
$1.25
15c
7- a •;
60c
.Class A
Gardner-Denver
7-16
15c
(quar.)
Service
Fulton
7-
150c
common
:—
preferred
series
6-15
AA
7-20
*35c
—
Grain & Malting
Common
C
7-17
6-30
6%
(quar.)
Co.,
7-17
7-25
7-16
17'/2C
(quar.)
(increased quar.)
Corp.
Ltd.
6-30
6-30
7-25
J.71/2O
....
(annual)
Canada
of
Stores
Froedtert
(quar.).
Brewing..
Co.
7-16
7-16
7-16
63C
(quar.).
—
Motor, Ltd., ordinary
Foundation
1
8-
20c
75c
Rubber
Fitchburg Gas & Electric Light Co.
Fitzsimmons Stores, Ltd.—
7%
'
50c
(San Fran.)
lnsur.
&
7-10
$1.18%
preferred (quar.)—.
Fireman's Fund
7-18
7-13
25c
Extra;"
43A%
7-21
7-21
7-25
$1.75
$1.50
80c
Products, Inc., 6c/o pfd. (quar.).
Fidelity-Phoenix Fire Insurance (NY) (s-a).
Ford
6-15
9-20
$1.75
Fibreboard
6-30
7-16
9-15
8-11
1
7-31
(quar.)
—
.
8-15
7-16
(quar.)....
J.
1
8-15
Inc., 7% pfd. (quar.)
Cleaning & Dyeing—
1
6-15
9-17
9-13
10-
& Co.,
7-16
7-16
1
7-27
12-13
10-
....
Dept. Stores, Inc., com.
$1
8-
5
3
7.
12-20
(quar.)..
(quar.)
Insurance
Firestone
$3
7-16*
77-
9-29
—
(J. J.)
7%
9-23
12-31
8-17
11-16
1
7-31
Felin
6-30
2
1
1
10-
6-30
6
9-
8-10
_
Fire Insurance Co. of Canada (s-a).
7-16
1
7-17
7-16
(quar.)
Co.
Instrument..
Quarterly
7-10
f
.
Farmers & Traders Life Insurance (Syracuse,
7-20
1
5
7-14
4
;
9-11
7-20
1
7-
7-16
(initial quar.)
Eversharp, Inc., common
$5
8-1
6
9-
8-
8-8
&
7-
12-
11- 2
Camera
6
1
7-31
(quar.)
(quar.
Hampton
7-
8-
1
&
1
7-16
8-28
12-
7-19
9-17
Phonograph (quar.)
(stock dividend).^
25c
25c
7-16
7- 2
8-
&
preferred
1
7-16
5% preferred (quar.)
Eureka Pipe Line Co
Holders
Pa.)
(quar.)—
Cornell-Dubilier
$5.25
common..
America.,
Company,
Products
1%
5%
7-20
1
8-
...
8-11
1
7-10
6
8-
"
Employers Group Associates
Erie Railroad Co.—
9-
8-11
8-11
1
8-
(quar.)
Elgin National Watch Co
Empire Steel
7-16
,
1
7-21
—
7- 7
8-1
6-30
9-
pfd. (quar.)
$5 pfd. (quar.).
1
$1.75
8-
7-17
preferred
Radio
6-15
8-15
.-r:
preferred (initial)
Emerson
7-10
7-16
(quar.) —
(initial)
8-
7
250
Service Co.,
of
preferred
Corn Exchange
Corn
(quarj—
(quar.)
—Ll———
Extra
25c
pfd! (quar.).
Public
Corp.
Crown
2Vz%
_
7-31
8-
7-
of
8% pfd. (quar.)
(Reading,
Continental Insurance
7-16
7-31
Co.,
Co
Co'.
Consumers
35c
Paper
Coal
Gas
Container
9-30
8-15
(irregular).
Co.
1
$1.50
—
preferred
conv.
7-14
7-15
7-31
1
6-30
9-1
8-
50c
7-16
7-31
Loaf
Fuller Brush
(quar.)j,.:
1
$1
41/2%
Aircraft Corp.—
7-25
$1.50
,
7
9-
v
12y2c
$1.25
—-
(quar.)
22y2C
....
12-24
68 %c
Inc.,
Stores,
Consumers
(quar.)
1-2-46
Inc.—•
(quar.)
Consolidation
Co.
8-14
$2.72
Retail
preferred
preferred
7-16
(quar.
—
i—JS
■
7-10
$12i/2c
7-
1
8-15
-
Elastic Stop Nut, 6V0 conv.
Electric Bond & Share Co.,
Corp.—
Ltd., class A
9-1
(quar.)—
8-1*
$50c
8-
$32y2C
■;
8-15
Corporation
Products, common
1%
Inc.—:
(quar.)
&
Smelting
9-15
—
8-10
Ekco
9-1
$1.50
...
(s-a)__—
7-20
(Boston,
8-
7-25
(quar.)
(quar.)...
IOC
$1
(interim)
11-13
1
Sugar
Eastern
Co.—
$1.50
Trust
_.i
—
Machine
Canada, Ltd.
10-
•:
6
...
...
preferred
Filene's
—i...—
___________
.
12-
8-15
pfd. (accum.).—
of New York,
Co,
Consolidated
$$1.75
(quar.)
9- 1
7-
pfd.; (quar.).
—
5
7-
de Nemours & Co.-—
preferred
1%
7-31
7-0
pfd.
$1.2^
(E. I.)
8%
$75c
$6
8%
8-
7-
7-20
$$1.75
$12Vzc
75c
;>
$1
ZlVzC,
$1.12Vz
...
(quar.)
common
preferred
Pont
East
7-2
(quar.)
Heating Co.,
i
Consolidated
8%
$1.75
6
7- 3
7-16
$5 preferred (quar.)—..
Consolidated Lobster, Inc. (quar.)
7-16
...
9-
7-16
7-27
1
a
7-15
7
$$1.75
$$1.25
$20c
$30c
;
.....
$4.50 preferred
8-15
Extra
8-31
1
'
....
$2
Car
Consolidated Edison
7-20
25c
8-
Duplan Corp.
Du
75C
7*16 V:
7-15
7-
7-16
8-15
$$2.25
(quar.)
common
(quar.)
& Bradstreet
4V2%
$3
8-
7-14
7-25
7-25
8-
Chemical
$4
i 60C
(s-a)
9-
7-31
6-29
5'A% pfd. (quar.) $$1.37y2
Tar & Chemical,
8-
15c
Passumpsic Rivers RR. Co.—
Consolidated
7-20
12-24
7-16
$$1.25
$44c
pfd.
$1.50
$1.50
preferred
1
I
12-24
7-30
1
Dominion Textile, Ltd.—
7% preferred (quar.).—
:—-
^
H.), 7%
preferred
8-
10-
$10c
Fenton
—
...—1._—....
B7o
7- 5
7-20
7-20
1
1
i$3
7-10
8-1
$$1.50
Connecticut &
1
—
Brooklyn Union Gas Co...—
Bullock's, Inc. (Los'Ang.) 5%
7-11
6-30
Federal
(quar.)—
Quarterly
f Quarterly
6%
8-1
8-
10-
6-23
■
...
350
(quar.)
(N.
6
$1
8-28
7- 2
1
8-
6-28
'
9-21
Co
Consolidated Vultee
(s-a)
Light
1
7-16
37 %C
—-
Community Frosted FoodsFirst partic. preferred (s-a)
1
Electric Ry.-—
pref.
Gas
Edison
7- 2
•
Brockton
8-
43 %C
Consolidated Royalties, Inc.,
(quar.)
of America
1
Ohio Electric Co.—
7-25
A___
Cordage, Ltd.
7-11
8-
held
share
(quat.)
6-23
—
$1.30 preferred
preferred
Commonwealth
16C
5'/a&
(quar.)
Property
8-15
12yac
$1.25
preferred (quar.).—
;
Alcohols, Ltd., common (quar.)
preferred (quar.)
—
8 %
1
(quar.)
-
-
6V2%
62'/2C
(quar.)
for each
50C
(quar.).
Teller, Inc.
8-31
(interim)
(quar.)—
Dominion Fabrics, Ltd., common (quar.)—
8% 1st preferred (quar,)—.—
—
2nd preferred (quar.J——
Dominion Glass Co., Ltd., common (quar.).
1%
preferred (quar.)
;
Dominion Malting Co., 5% preferred (quar.)
; Common
(quftr.):
——
Dominion Oilcloth & Linoleum (quar.)—
$3c
(quar.)
(Mo.)—
Corp. common.
8-15
(quar.)
7-18
$1.25
—
Commercial
8-
(quar.)
class A
shares
Columbus & Southern
7-30
B
Bonwitt
Boston
Co.,
$1.75
Co.
7-16'
common
1
8-
v
(quar.)
(stock dividend), two
preference
additional
v,
series (quar.)
preferred 5%
cum.
Columbus Foods
10-
—
- r:
(quar.) ——
pfd. A (quar.)
25c
...
••
5%
8-
7^ 6
9-20
7-31
t$l-25
$30c
12yzc
...
Electric, 6%
&
$$2
$7
preferred
(quar.).
Bloomingdale Bros., Inc.—
feon
Cum.
$$1
...
Biddeford &. Saco Water
Gas
Columbia
9-
6-29
9-30
8-13
(quar.)
8%, preferred (quar.)
Dominion Dairies, Ltd.,
$6
Coca-Cola Bottling Co. of St. Louis
Cockshutt Plow Co., Ltd. (s-a)
75c
Ltd. (quar.) —
Birmingham Water Works 6%
7-10
$3.50
6% Class A (quar.).^.—
City Water Co. of Chattanooga—
5 % preferred (quar.)
-i.—
Clinton Water Works, 7% preferred
Coast Breweries, Ltd. (quar.)
7-16
30c
__—
.
-
7-20
Common
$1.50
(quar.)...
common
1
$$1.75
Beaux-Arts Apts., Inc., $3 prior pfd. (quar.)
Belding Corticelli, Ltd., common (quar.) —
77o
preferred (quar.)
Bell Telephone Co. of Canada,
Best & Co., Inc.
(quar.)
$1.25
25c
—i,.—...
City Stores Co.,
Consolidated
(s-a)————_—
(quar.)—
Baystate Corp.
6-19
$1.25
7-16
$25c
(quar.)
—
—
City of New Castle Water Co.—
*; 6% preferred (quar.)
.....
City of Paris Dry Goods Co.—
1% 2nd preferred (s-a)
1
Barber-Ellis Co. of Canada, Ltd.—
7%
5% preferred (quar.).
h% preferred (Quar.)
9-
1
6-30
10-10
Anglo Investment—
7-20
9-15
15c
.
common
6-30
&
10-15
1
8-1
6-25
7-10
8-13
(quar.).
Mines, Ltd.
50C
....
10-
17'/a C
(quar.).—
(irreg.)
Hydro-Electric
Bangor
pfd.
conv.
Dominion
5
25c
Quarterly
Churngold Corp.
8-
$1.25
(monthly)....
Rubber
Baldwin
Bank
Co., 5%
Mills
Dome
7-
Confederation Life Assn. (Toronto)—
50C
■
Atlantic Refining Co.,
Atlas
7- 8
Cincinnati New Orl. & Texas Pac. Ry. Co.—
6-30
7c
City Electric Co, 4% pfd. (quar.)4% pfd. ser. A (quar.)
Atlantic
preferred
7-19
7-19
■
$1
6-25
7-16
East St. Louis & Interurban Water Co.—
(quar.)
$2.50
——
7-10
7-16
2 Vz °h
6-7
Oil
$1.50
Ry
(s-a)_.
7-25
'
9-1
;
7-14
Cotton
22yac
—....-
7-10
Ltd.—
25c
:
(s-a)..;
Connecticut Riveir Power
10c
.preferred
non-cum.
Extra
Distillers Corp.-Seagrams,
Chicago Yellow Cab (quar.)
Concord
Associated Telephone Co., Ltd.—>
5%
6-30
70c
....
6%
25C
—.
Associated Public Utilities Corp.
(initial)
Atchinson Topeka & Sante
8- 1
8-20
Concord
9-10
7-11
75c
9-1
;
$1.50
1
7-25
11'A %
;
25c
6
7-
1
9-21
8-
8-10
(s-a)
registered
7-20
8-22
9- 7
12'/2C
—-
(accum.)
Armstrong Cork, common (interim).—
4%
convertible preferred (quar.)
4!/2 r'fo
participating preferred
Ordinary
8- 1
•
$i.i2y2
6-30
1
Distillers Co., Ltd.—
9-20
50c
1-21
40c
preferred
prior
11-1
$1.50
.
:
(111.)—
Armour & Co.
8-1
(quar.)
Duquesne Light Co., 5% preferred
Dwight Manufacturing Co
East Pennsylvania RR. Co. (s-a)
7-21
S
7-16
8- 1
10-
$1.06V\
quar.)..
6-30
7-13
7-13
8-
25c
—
(quar.)
1
7-23
i 8- 1
$1.25
6
7-10
Co.—
8-
7-27
8-
$1.50
Appalachian Electric Power Co.—
4VzVc preferred <quar.)___—
Arkansas-Missouri Power, 6%
preferred
Arlington
7- 5
1
10-
Match
7-25
7- 6
$139.50
T
.
1
8-15
8-
6%
(initial
preferred
Diamond
8-15
Columbian Carbon
(first payment since
1
7-20
$4
(s-a)
20c
6-15
1
Zinc, Lead & Smelting Co.—
$6 pfd, (this
;
6-30
7-15
American
Common
—'
(s-a)
Colorado Fuel & Iron Corp.
$1.25
American
Inc.
6-29
25c
Citizens Utilities
—.
_
Co.,
—_
...
$2.50
7-26*
$1.25
,
Telegraph- (N. J.)—
5% preferred (quar.)
American Export Lines, 5%
pfd. (quar.)
Hoe
—
—
National Bank
Co.^
$1.75
—
—
Quarterly
American District
&
(quar.)
(quar.)
5% pfd. A
Chicago, Wilmington & Franklin Coal Co.—
conv, class A out. div. series of 1928
(accum.), payable in cash or l/32nd
B
6-29
7-31
(Mass.)—
Corp. of Va
Chicago & Northwestern Ry.,
6-30
8-15
10c
(quar.)... —...—-— ._
American Cities Power & Light Corp.—
class
preferred
v
Extra.
w':'
(quar.)———
preferred
....
8-
11- 5
11-15
■
Chesapeake
5
15c
—
—
of
Co., 4%%
share held)
Belt: Co;._—^
7-17
7-31
75C
convertible pref.. (accum.)
Line Co. (quar.)—
share
7-31
$4.25
$1.19
Corp.——___.
Pwr.
Chain
0-14*
10- 1
American Can Co.
$3
1
20C
(quar.)..
Extra
::;0:
Kansas
Co
Chickasha
8-
12VaC
common.....
Sugar Co., 5r!o pfd.
Amerada Petroleum Corp. (quar.)
American -Bantam Car—
8%
6-30
12C
Investment
preferred
Chase
River Tunnel
Detroit
25c
Co;—....
Stock, dividend (one-tenth share for each
'8-15
6-30
7-16
(quar.).....
Detroit-Michigan Stove
5% preferred (quar.)
7-16
37 %c
(quar.)
6%
"
American Barge
,
9-10'
6-15
75c
—
(quar;)—1
7%
6-29
7-20
$$1.25
pfd. (quar.).
Amalgamated
.
40c.
25c
(increased quar.) —
6-21
7-31
56 %c
^Vzc/o
Central Republics
7-31
8-10
87'/2C
—
—_<—
7-17
Co.
Light
Extra
.i—
Central Power & Light Co.
7-10
7-10
50c
pfd. (quar.)
Central New York Power Corp.—
Co.—
Alpha Portland Cement—
Aluminum Co. of Canada,
Mfg.
1
7-16
2%C
—
Allied Stores Corp., com,
Goods
$1.25
preferred (quar.) —
preferred (quar...
Aluminum
■
— —
_________—
Alabama
.Alabama Power Co., $5
AU-Penn Oil & Gas Co
Common
5%
7-10
1
5%
Aguirre
Central
1
8-
&
.
$$1
__r,.
preferred
Central
8-
2%
Associates (quar.)
Central Hudson Gas & Electric Corp.—
7- 2
27'/2c
preferred (quar.)..
Aircraft Corp., 55c preferred (quar.)
Affiliated
7-16
8-15
$$2
—...
non-cum.
;
Corp.,
Central
87y2c
-----
—
Alloys
Aluminum
5%
of Rec.
3c
Straus, Inc
&
Holdert
Payable
$1
preferred (quar.)..
Laboratories 4%
Abbott
(quar.)
4%
preferred (quar.)
Caterpillar Tractor Co. (increased)
Celotex Corporation, common (quar.)
When
Per
Share
Name of Company
8-15
1
$25c
(quar.)
Co.
Carolina Clinchfield & Ohio Ry. Co.—
Companies
1
10-
$$1.25
$10c
(quar.).—
common
Quarterly
Industrial
10-
Hudson
Mfg. Co., 8% debs, (quar.)
$6 convertible prior preferred (quar.)
Dentists Supply (N. Y.)
7% pfd. (quar.)..
1% preferred (quar.)
Detroit Edison Co.
(quar.),..
:
Detroit Gasket & Mfg. Co. (quar.)
$$1.25
—
—
Ltd.
Corp.,
——
Dennison
t$l
B
Carrier
6-23
—
of Rec.
\ 8-15
Dewey & Almy Chemical—
Carborundum
preceding table.
1
$$1.50
A
Class
8-
Ltd.—
pfd
Wallpaper Manufacturers, Ltd.—
Class
Power
$25c
"
paid.
The list does not include divi¬
announced this week, these being given in the
&
Delaware
$75c
...
Ltd., class A (quar.)
Pacific Ry.,
Canadian
give the dividends announced in previous
we
weeks and not yet
Delaware
6-20
17y2C
25o
25o
$1
25c
$2
75c
$1.75
$1.75
30c
25c
10c
50c
—
(quar.)
——
6-20
$15c
Ltd.
preferred
8%
preferred (quar.)
(Alfred) & Cohn
Quarterly
Ltd.—
(quar.)—
Canadian Oil Cos.
7%
7-25
$$1.25
(quar.)
Investors
Canadian
Canadian
Below
(quar.)
;
Decker
7-16
$37y2c
(quar.)— 2.
Canadian Industries,
50c
Wrigley (Wm.) 'Jr. Co., common...
preferred
Ltd.
Canadian General Investments,
1
25c
(quar.)..
(monthly)
(quar.)....——
Mfg. Co« $1 conv. pfd.
Common
1
Converters,
7-15
$20c
...
9-10
•
t$l
___
Co.,
1
$85c
(quar.)
______
Canadian. Car & Foundry Co., Ltd. (interim)
$25c
common
Bronze
8-
$1.75
37y2C
$1.25
25c
50c
25c
common
$$1.50
(quar.).—
Ltd. com. (quar.)..
preferred
7-15
Co.
$15c
preference
conv.
7-26
1
Vilbiss
12V2C
12y2c
25c
v.$1.12%
6% preferred (quar.)
preferred (quar.),
common (quar.)—
Darling Stores Corp.,
Water 5%
$$1.75
—
Ry. Co. (s-a)
......
Canadian Breweries, Ltd. com. (initial)
8-20
9
8-
$300
—
(quar.)
8-
$15c
(s-a)
Southern
1
9-
10c
Ltd. com.
(s-a)
.—
Power, common (quar.)
preferred
Canada
(quar.)..
Corp.;—
preferred
7%
(quar.).
G. & W.,
Tungsten
Canada Northern
(quar.).—____________
Westgate-Greenland Oil
Woolworth
7-20
8- 1
50c
—_
Petroleum Corp
Wentworth
De
common—.
common
—.—
Canada Iron Foundries,
8-10
(Hiram)
Warren
7-31
25c
—
1st preferred
preferred
7-31
8-15
50c
:
Y.)
8-15
62>/2C
.
(quar.)
7-18
8-1
$1.50
(N.
Insurance
non-cum.
37 Vz C
preferred
8- 3 v?
25c
____—
$6 1st preferred (quar.)
U.
Power
Dayton Rubber Mfg. Co.,
$2 preferred .(quar.)
5%
8-"l
1
500
•
Light & Railways-
Davenport
6-30
California Packing Corp,",
58y3c
1%
United
7-14*
7-20
1
5c
preferred
8-
California-Oregon
41 %c
pfd. (monthly)-—.—
(monthly)
Toledo Edison Co,, 5%
preferred (monthly)—.—
Trane Company, common
.
75c
37yac
8-28
25c
Tokheim Oil Tank & Pump..——
'6%
t$1.50
7-10
8-15
1
....
7-10
1
8-15
J38c
Extra (s-a)
■
Cunningham Drug Stores, common
Curtiss Candy Co., preferred (quar.)
Dallas Power & Light, 7% preferred
7-10
1
8-
7-10
8-
9-
62'/2C
8-
8-
10-
7-
7-17'
$25c
(quar.)
participating preferred
$5c
7-15
8-
Payable
Share
(s-a).
Co., com.
Holdert
When
Per
."v.-•
Culver & Port Clinton RR.
8-
2nd
25c
30c
''
Name of Company
1
J20C
80c
preferred
1st
$1.50
:.
7-31
7-23
75C
9-
(quar.) —
Calgary Power Co., Ltd. 6% pfd. (quar.)..
California Electric Pr. Co. $3 pfd.
(quar.).
8-18
$$1.25
K:';/:v v"
of Reo
9-15
$1.75
pfd.
—
7-31
45c
Sovereign
Spencer Kellogg &
Standard Chemical,
Holders
When
Payable
$1.75
(quar.)—
Byers (A. M.) Co. 7% preferred (quar.)—„
Caldwell Linert Mills, Ltd. com. (interim)
Co.:7%
Butler Water
7-17
1
Share
Name of Company
of Rec.
Payable
8-
Per
Holder1
When
Per
Share
of Company
Name
.
'
$20c
$1.75
20c
$1.25
1
7-
3
7-15
7-
1
7-17
7- 7
7-25
7-
8-
$$1.25
25C
6
,
8-
1
9
7- a
'
THE COMMERCIAL & FINANCIAL CHRONICLE
ft When
/" Per
Name of
Brothers
Gimbel
Inc., common—_____
(initial quar.)—ft—;
Gordon & Belyea, Ltd., class A (quar.ft—
'!■ Class B (quar.ft;
'
preferred/
$4.50
Motors
Graham-Paige
5%
Payable
Share
Company
■ft.ftft
of Rec.
7-10
$1.12%
7-25
7-10
8-
1
7-24
$400
8-
1
7-24
Lincoln
Gi'iggs Cooper & Co.,. 5% preferred
Grocery Stores Products.
Guardian Realty Co. of Canada—
15c
Lord &
Los
•Gulf
Mobile"
&
Co.,. $2.40
Bros.
(quar.)
conv.
6V2%
preferred
5y4%
Macy
7%
Marx—:——■
Light
Hartford Electric
Hecht Company,
;
r
Manufacturers
—
7%
—
Higbee • Co., common (initial)
5% preferred (quar.)
————
6%
——ft—_ft——.—.ft—Holly Development Co, (quar.)—
Holly Sugar Corp. common (quar.)
7% preferredftquar.ft——
Holt (Henry) & Cov Inc.—
$1 class-Aft-ft-—___—_———
—
—
25C
Electrochemical,
$4.25 preferred
Horder's,
Horn
Inc.
(quar.)
common
(quar,)
lc
Houston
12-22
$1.31%
8- 1
7-13
Common
(quar.)____
$1.0614
8- 1
7-11
Common
(quar.)
class B——
Motors
preferred
Co.,
$1.75
(N.
Merchants
Hummel-Ross Fibre Corp.—
6% preferred (quar.)
•
ft—_—;
5
$17 %C
Stock
and Bond shares (irreg.)
Insurance Co. of North America (s-a)
Morrell
Muncie
—
^International Bronze Powders, Ltd.—
Common
6%
$20c
participating
preferred
Internat'l Business
Corp.
ft
$1.50
(quar.)
6%
convertible
convertible
preference
preferred A
Participating preferred (s-a)
Philip Morris & Co., Ltd., Inc.,
$1.50
4%
75c
v
7%
preferred
international
($5
par)
Common
6%
(quar.)__
RR.
Investors Fund
8-16
Mountain States
Mullins
$2
$$1.75
"C,"~ Inc
(quar.)
Quarterly
Jewel Tea Co, Inc., 4V5»% pfd. (quar.)
Johnson & Johnson, 8% preferred (s-a)_
4% 2nd preferred (quar.).
Joplln Water Works. 6% preferred (quar.ft
&
Kokenge Co.____
Kalamazoo Stove & Furnace Co.
(quar.).
Kalamazoo Vegetable Parchment Co.—
Common (quar.)
;
Common
(auar.)
National
15c
5%
preferred
&
Supply,
(irreg.)
(quar.)"
Kennedy's. Inc.,
Z__
common—
~
Kress
(S. H.)
(s-a)
ft
1st preferred
7%
Z""
(quar.)——_Z
Z
—____ZZZZ
2nd
Krueger
(quar.)___
preferred (quar.)
(G.) Brewing Co
,_ft
preferred
common
(quar.)
preferred
Co.
(quar.)
(quar.)___
Lawrence Gas & Electric Co.
(irreg.)
Lawjers Title Insurance Corp. (Va.),
,6%
Leath
preferred
&
Co.,
Leo Rubber &
__
—
7-31
7-16
8-
1
7-16
8-
—
1
7-11
7-10
9-
1
8-10
New
9-
1
8-10
New York
$1.75
8-
1
$1.50
10-
1
9-15
11-
I
10-15
Lc-bigh Portland Cement Co., com. (quar. ft'Leitch Gold Mines, Ltd._.
^Lexington Water Co., 7%* pfd. (auar.)—_
LUx:rty Loan Corp., $3,50 preferred
—
Light—
(initial)——.
preferred
6V2%
preferred A (quar.)
6%
preferred B (quar.)
Newport News. Shipbuilding
Common
8- 4
11- 5
7-16
7-25
7-14
7-15
6-30
60c
6-30
6-22
12-31
12-21
10-
1
9-15
10-
1
9-15
75C
8-
1
7-13
North American
1st
"7%
2nd
12%C
6%
States
preferred
preferred
Power
8-1
7-14
Northwestern
8-15
7-16
Nor'western States
1
8rll
Nunn-Bush
9-
8-
1
7%
5%
Shoe
preferred
1
7-
2
5c
.—ft——-Cement
7-10
15c
7-20
6-30
$25c
8-31
8-25
8- l
7-20
$1.25
8- 1
$10c
8- 1
ft 7-20
$5c
7-20
8- 1
7-20
5c
7-20
6-30
5c
7-20
6-30
20c
_
8-1
$1.50
>
7-20
6-30
$1.50
7-25
6-30
37y2c
9-15
9-
7%c
(quar.)
9-1
8-15
7-12
1
25c
50c
7-21
9- 1
12- 1
8- 1
11- I
7y2c
7-16
7- 6
$1.25
8- 1
7-20
30c
8-1
7-21
15c
_
8-1
$40c
$40c
^-ftft
8- 9
7-12
SOc
ft
8-1
7-16
1
7-16
6-21
1
*
$1.
-
Insurance
Co,
Riverside
Cement
7-21
Rochester
Button
Co.
6-30
Rockland
Light &
7-15
Paper,
of
New
Z
Rose's
2
6-30
7-21
St.
$2
7-28
7-20
50c
7-16
5-26
8-
7-20
1
8-
1
Lawrence
4%
St.
7%
8-
6-15
25c
8- 1
7-20
7-16
7- 6
7- 6
(quar.)
15c
$1.75
$$1.37%
Ltd.—
(quar.)
(quar.)
Co., common (quar.)
(quar.ftft_
ft_
ftft
Remedial
Quarterly
Schenley Distillers
Scott
Paper
82 %c
$3.50
25c
37 %c
$25c
Seaboard
Seagrave
;>
20c
7-16
6-23
:
,
6-30
6-30
12-15
(quar.ft— —
17yac
9-29
9-20
12-30
12-20
■
17 %c
j.
SOc
$1
——
(quar.)
$1.12%
.—-
8-10
.
7-20
8- 1
7-20*
8-1
7-20*
—;___ftftft/-.ft.'15c
Corp
7-20
$1.25
15c
50o
9-30
7-15
9-20
8- 1
7r19
$23c
8-25
7-20
$3c
50c
$15c
$30c
15c
7-16
(quar.)—__
—
(irreg.)
_
Power
Co._____
_____
—
preferred
7- 1
30c
$5
ft
7-16
Sheep Creek Gold Mines, Ltd. (quar.)._—
Shell Union Oil Corp.____„_
ft—
Sherwin-Williams
(Canada), com. (interim)
Sigma Mines, Ltd. (interim)
Signode Steel Strapping. common___—1___
$2.50
7-27
7-15
-
12-31
Corp.
(quar.)—
Simplicity Pattern 5'/2%
6-30
$$1.75
$75c K
25c
5%• preferred
Water
6-30
8- 1
7-16
7-31
;
75c
Corp,_______
Leather
Shawinigan
6-23
8- 1'
—-
(quar.)__
Finance
Corp.;
Radio
7-16
$35c
pfd.
<
8-11
-
,
Assn.
$4 preferred
preferred
Sentinel
Seton
Co.,
7-11
9- 1:/'
(s-a)—
_
Loan
Manufacturing
4
...
—-—
preferred (quar.)
7-16
8- 1
(quar.) ft $1.50 .ft
preferred
Francisco
7-12
8- 2
-
Co.,
8- 1
20%
(quar.)
St. Lawrence Paper Mills Co., Ltd., 6% pfd.
St. Paul Union Stock Yards (quar.)___ftft
San Antonio
Transportation Co
San Diego Gas & Electric Co., com. (quar.)
5%
13c ft
$15c
7-16
7-10
8-15
(accum,)_.
Mills
7-21
7-20
8-15'
(quar.)——
class A
Flour
I t
8- 1
9- 1
Corp., Ltd.—.
preferred
Lawrence
Common
8-
£ $$1.50
Royal Typewriter Co., common
7% preferred (quar,ft___
Saguenay Power Co., Ltd., ,5%% pfd.
St. Joseph Water Co., 6%..preferred
1
.'M
(final).
9
Stores
•
—
7-
8-
15c
$1.25
(quar.)______
(quar.)
Co.
common
6-15
.7-13,",
;
25c
8-
7-14
9-15
-
7-18
1
9-15
10-1
York—
8-15
8-
10- 1
$1.75
(quar.)____*_
(quar.)
Ltd. (ord. registered)
5-10-25C
7-16
■,
preferred
Rolls-Royce,
8- 1
(quar.)
Power
Ltd.,
r 7-16
,
Co.
I
7-10
8- 1
;
i___ftftft
$5 pfd.
Quarterly
7-21
7-10
8- 1
$1
$1.75
ft
-
8-
8- 1
3iy»c ft
•
(quar.) <<
——
(quar.)
7-20
>
I5c
$1.31'A
'ft/ 50c
class A
(quar.)
7-16
•
$1.18%
$1.62%
preferred
8-
53V8C
90c
—.
(accum.)—.
Portland
8- 1
7-13
6-20
.
$1.50
preferred (quar.)
of New York (Irreg.)
preferred
Richmond
7-16*
$4.50
Co.
Engineering
7-16
1
<
;
(quar.)
(quar.)—
8- 1
11c
.
(Del.)—
(accum.)—.
25c
5
8-
2c
—_—
RR.
7-
7-16*
7-16
50c
20c
1
San-Nap-Pak
Co., 7% preferred (s-a)
Northern Illinois Corp., common (quar.)_—
$1.50 convertible preferred (quar.)——
Northern
8-
\:,1%C
Dock—
,6% preferred
5V2% preferred (accum.)——:
North Carolina
7-26
1
Dry
Investment Corp.—
(accum.)
30c
$2c
7%
7-14
Norfolk & Western Railway Co., com. (quar.)
8-
$1.75
7-14
7-7
—_—_—
(quar.)
''■>
6-15
8-15
62y2c
common..
(quar.ft
Rice-Stix Dry Goods Co.—
San
preferred
7-16
7-16
6-20
preferred.
5%
preferred
1
—
Adjustment
(2
8-1
$5 convertible preferred (quar.)
$5
convertible
preferred (quar.)_
1
8- 1
$1.25
—
7- 9
8-
•
8-
10c
—
8-3
11-15
2
65c
97 %C
—
&
7-30
50c
(s-a)__
Rhode Island Public Service
50c
Newberry (J. J.) Realty Co.—<.
8- 3
8-15
7
ft-
1
9-
v
87 %C
7-
&
7-16
ft
37 %c
7-16
9-
15c
Merchandising Co—
9-1
$30c
$1.75
$3.90
15c
$25c
Ltd.. (quar.)—
7-31
>
8-14
preferred (s-a)
34%
7-13
8-31
7-31
Co., 4%%
Power
10-15
$1.75
8-15
13 %C
7- 5
8-15
50c
__
$1.25
8-15
7-16
41%C
-
6%
ft 8-25,ft
50c
7-11
Rolland
pfd. (initial quar.)_
Neisner Brothers, 4%%, preferred (quar.) —
New Bedford Gas & Edison Light Co. (quar.)
New Haven Clock Co., 6V2% pfd. (quar.)—
New Niquero Sugar (irregular)
New York Central RR. Co. (irreg.)
York
8-10
11-8
7-25
7-16
National Tea
40c
9-1
12-1
6-30
National Steel Car Corp.;
National Stamping Co
$1.50
15c
1
9-15
8-
-
Reliance- Manufacturing Co.* common—ft.
Republic Investors Fund—
6%
preferred A (quar.)
6%
preferred B- (quar.)—
Revere Copper & Brass,-Inc.—
5V*% preferred (quar.)
Rhcem Manufacturing Co., 5% pfd. (quar.)
8-
9-15
c
56 %C
8-15
7-16
ft
Reliance Electric & Engineering Co-.—
$5 convertible preferred4^ (quar.)
37 %C
7- I
$20c
common
Corp.
6-15
7-15
$1.25
(quar.)
____
non-cum.
6-20 *
7-16
15c
(Boston)
preferred
Employees Corp.,
preferred
7-16
50c
—_
Reading Co.,
6-30
_
(quar.)
Products, Ltd.
___:
7- 2
7- 2
7-31
.
ft
Class* A
$1.50
9-15
15c
Milk
(Md.) (irreg.)-.—
pfd. B (quar.)
Paper & Type, 5%
50c
;
___■
—
(extra)-
Co.. (quar.)___
9-25
7
(quar.)
Corp.
Co., 6%
7-20
62 %C
ft
pfd. (quar.)
Tire Corp.- (quar.)
Leece-Neviile Co...__
7-
Gas
5c
IOC
6%
—-
-
2%C
$3
(quar.)—
Valley Gas Co-.,
$1.50
30c
(quar.)
Quarterly
7-31
55c
com...
(s-a)___
common—
$2.50 preferred
Lebanon
7- 3
National
25c
1%
&
Lead
25c
r
Lane Bryant, Inc.,
Lazarus (F. & R.)
National
$$1.75
(quar.)
.Lnndis Machine Co.,
Common (quar.)
Investors
3
12 %c
Lake of the Woods Milling, common
(quar.ft
7%
Fuel
National
7-
1%C
Co
»Kroger Grocery & Baking Co.
/
7%
2nd preferred
(quar.)
6%
National
7-10
7-31>
6%
Co.
6% 1st preferred (accum.)
Rapid Electrotype Co., common
Raytheon Manufacturing Co.—
6%
preferred (quar.)__._
15c
$1.75
60c preferred
(quar.)_ft—ift
T—"
'Kbbacker Stores,"new cbm.
(initial quar.)—
:
$t.37V2 preferred (initial quar.)
/Kokomo Water Works, '6%
preferred (quar.)
Koppitz-Melchers
6-30
7-28
Fund
Co.,
7-15
7-15
$$1.50
$75c
$lc
(quar.)_
,
25C
—
Welding Machine
20c
common
Extra
7-16
15c
Electric
25c
$20c
partic.
(George)
6-30
-
Corp.
$1.25
TCnudsen Creamery Co.,
^
com.
12- 5
25c
Kansas City Southern Ry., 4%
preferred
Kaufmann Department Stores
(quar.)
12-15
50c
;
JKellogg Switchboard
National
7-10
$1.25
Mining
Power
-$1.60
National, Distillers Products Corp.
9- 5
Gold
Reinsurance
(quar.)
Chemical & Manufacturing—_—City Bank (New York)
(s-a)
City Lines, Inc., class A (quar.)__
Department Stores Corp. (quar.)__
9-15
9-15
7-20
(Interim)
Regent Knitting Mills, Ltd.—
;
$1.60 non-cum. preferred (quar.)
Aviation
15c
10- 1
(irreg.)
common
Ltd.
80c preferred (quar.)
Railway Equipment & Realty—
$1.50
National
1st preferred
non-cum.
Oats
•
( quar.)
National
Light Co.,
6%
Railroad
37%c
«
■
75c
—
Radio-Keith-Orpheum Corp., 6% pfd. (quar.)
.preferred
National
;
*'
6-29
Extra
of America—
Share
10- 1
$2.50
_.-_ft-__
____
Qulncy Market Cold Storage,
$1.50
&
10-15
6-30
(quar.)
Bond
7- 2
$1.00
7-16
Quinte
(quar.)
National
7-16
Co.
Quebec
;
Corp
National Biscuit Co., common
ft 7% preferred (quar.)
7-20
8-13
$1
25c
Tool
Quaker
preferred
National
;
30c
7-21
ft 2nd
National Automotive Fibres. Inc.—
6% convertible preferred (quar.)
6% convertible preferred (quar.)
7- 2.
7-16
8- 1
9- I
10- 1
Chicago & St. Louis
Reed (C. A.) Co., $2 preferred A__.
Mutual System, Inc., 6% preferred (quar.)_
Narragansett Electric 4%% pfd. (quar.)___
25c
7-16
8-1
$1.75
__
6%
«7%c
Investors Mutual, Inc.—
Julian
A
10-22
$1
.
62 %c
-
50c
preferred (quar.)
Co., Ltd
Prentice (G. E.) Manufacturing (quar.)
Princess Shops, 6% pfd. (initial quar.)
Prosperity Co., Inc., 5% preferred (quar.)—
Provincial Transport Co.
(s-a)__
Public Service Co. of Colorado (quar,)__-.—
Public Service Corp. of New Jersey—
6% preferred (monthly)
;
6% preferred (monthly)..
Puget Sound Power & Light Co.—
$5 prior preference
Purity Flour Mills, Ltd.. 6% pfd, (quar.)—
lc
Tel. (quar.)—
Corp.—
.
75c
__
7-25
Portland Gas,
$30c
&
7-16
(quar.)
com.
(s-a)_________
$5 preferred (quar.
Power Corp. of Canada,
6%
$1.50"
(quar.)
class
Mutual Chemical Co.
t8%c
:
(quar.)
Irqn Fireman Mfg. Co.
Tel.
Manufactured
1
$1
lc
(quar.)
8-1
8-
Plomb
—-—
:
7-10*
9-1
10c
Co., 8% pfd. (quar.)_
Mining & Development Co.
preferred
Co.
Putnam
;
7-25
$1.10
Pittsburgh Coal 6% partic. pfd. (accum.)—
Pittsburgh Screw & Bolt Corp. (quar.)
Muskegon Motor Specialties—-
(quar.).
$3.50- pfd.
preferred
conv.
$50c
5%
<s-aft__
Cincinnati
Pittsburgh
pfd
common (quar.)
7- 3
$1.25
<qu&r.ft_
6%
$7 preferred (quar.)
$7 preferred (quar.)
Intertype Corporation (quar.)ft_.
Investment Foundation. Ltd.—
1
7-16
(quar.)
Ocean Telegraph
Tiifl Utilities Corpr-.
65c
preferred
Premier
(initial*
7-15
1
8-
12 %c
■
Pillsbury Mills; Inc., com. (quar.)_________
$4 preferred (quar.)
;
$4 preferred (quar.ft;
Pittsburgh Bessemer & Like Erie' RR. Co.—
4334c
Works
States Power Co.,
8-16
t$1.50
Phillips-Jones, 7% preferred (accum.)
preferred
Royal Hotel, Ltd.
$75c
_
.___
preferred (quar.)_
$1.75
9- 1
8-11
Marquette 5% prior pfd. (accum.)
$1.25 /ft 8- 1 ft 7- 6
Brewing Co
ft- i 25c
8-14
7-24
Phelps-Dodge Corp
40c
9-10
8-17
Philadelphia Co., common
12 %c
7-25
7- 2
Philadelphia Electric Co., 4.4% pfd. (quar.)
$1.10
8-1
7-10
Philadelphia Electric Power, 8% pfd. (quar.)
50c
10-1
9-10
Philadelphia Transportation Co.—
2
Extra
Mountain
1
(qd&r.)
Pfeiffer
4334c
(quar.)
"
:
common
(quar.)__
Pere
93%C
Quarterly
Mount
9-10
8-
(quar.)^
International Nickel Co. of Canada—
7% preferred ($100 par) (quar.)
;/
v
7-15
25c
International Harvester, common (quar.)—
International Holdings, Ltd.
'
■International Metal Industries, Ltd.—
6%
7-15
$37%C
(quar.ft
(quar.)
Machines Corp.
Detrola
Water
& Co.
Mount Diablo Oil
(quar.)
International
(John)
Ltd.,
preferred
8- 4
$7
$17%C
Power Co. $6 pfd.
(quar.)—
Montgomery Ward & Co.-,- Inc. (quar.)——_
Montreal Telegraph Co. (quar.)
Moore Drop Forging Co., 6%
pfd. A (quar.)
—
■
2-
Montana
Corp., 6V2% pfd^ (accum.).
Xnglis (John), Ltd.__r_
ft
Institutional Securities. Ltd.—
Insurance Group Shares——
,
2-15-46
6%
Monongahela Valley Water, 7% pfd. (quar.)
Monroe Loan Society, class A (quar.)
—
Industrial Silica
'
• 35c
Knitting Co., Ltd.—
■ft7% preferredftftftft—_ft—_ftft_.
5% preferred _____■
—
.
(quar.)
Penman's,
26c
pfd. (quar.)
4
3-15
A
5
Monarch
Imperial Chemical Industrial, Ltd.—
.Ordinary shares (final)
Incorporated Investors
Iudianapolis Power & Light, com. (quar.)
4-1-46
class
5
7-
8-9
.
-
Storage 6%
$7
50c
$1.40
7-
7-16
9-1
$$1.67
Hydro-Electric Securities Corp.—
preferred Series B (s-a)
12-15
7-16
20c
Misosuri
5%
1-2-46
5
Supply (irreg.)—
Midwest Rubber Reclaiming Co. (quar.)
Minneapolis &' St. Louis Railway Co
Mission Dry Corp.____„_
Mississippi Power & Light Co., $6 pfd. (quar.)
Co.
9-15
11-
&
Edison
10-
6-30
1
50c
(quar.)
(quar.)
Penn Traffic Co. (s-a)
ft
Pennsylvania Electric, $4.40& pfd. B (quar.)
Pennsylvania Power Co., $5 pfd. (quar.ft
Pennsylvania State Water Corp.—
(quar.)
Huntington Water Co., 6% pfd. (quar.)
7%
preferred (quar.)—
Hurd Lock & Manufacturing (irregular)
Huttig Sash & Door Co.^—
5% preferred (quar.ft
5% preferred- (quar.)——
Piping
7-25
7-28
.50c
8-15
6% preferred' ft
Mercury Mills, Ltd. (quar.)
Midwest
$6c
(quar.)
11-15
(quar.)__
Cold
&
(initial)
common
35c
(quar.)—
Ice
Metals
35c
preferred (quar.)_
preferred
7-31
(quar.)
(quar.)
1st
25c
7- 5
(quar.)
40c
1st
7-14
A
(quar.)—_
__________
5%
7-31
A
Y.)—
(initial)
5%
(quar.)
6-30
30c
class
-
(irreg.)
Bay Mining & Smelting
7-15
class
$1.50
preferred
7-16
7-16
50c
$1.40
(quar.)__
—_
6%
8-1
50c
$1,40
—
preferred
32 %c
8-15
$3
42%C
6%
7*23
6-30
preferred (quar.)
McCrory Stores Corp., 5% pfd. (quar.)
McGraw Hill Publishing Co
McKales, Inc. (s-a)
McKesson & Robbins, $4 preferred (quar.)_
McLellan Stores, common (increased)
6% preferred (quar.)
Mercantile Acceptance Corp. of California—
—
6-30
7-27
6-29*
IOC
6%
—
7-16
7-15
McColl-Frontenac Oil Co., Ltd.—
—
7-14
$1.25
(quar.)
8-31
25c
common
pfd.
8-15
1
25c
(quar.)
5%
1
8-
50c
—
(quar.)
(quar.)
&
9-
$j,
$5 preferred
Co.,
7-20
$1
7-16
...
Telephone
8-1
i
9-1
50c
(accum.)
Oreille Mines &
7-16
7-16
$1.25
preferred
(quar,)......
Corporation (quar.)
Peninsular
-
8-15
10-
7-10
$1.75
(quar.)
Peaslee-Gaulbert Corp. (quar.)_.
Pend
—
8-15
'
1
7-14
1
1
ft/ft'
Coca-Cola Bottling
Davis & Co..
Parke
62 Vac
Lighting & Pwr. Co., $4 pfd. (quar.)
Electric
Howell
Hudson
1-2-46
7
—.——__
Machine
McClatchy Newspapers, 7%
7% preferred (quar.)
25c
_
Hotel Barbizon, Inc.
Hershey
$1.62 Va
ft $3 preference (acicum.)
McCall Corp. (quar.)
30c
(quar.)
Y.), com. (quar.)
preferred' (quar.ft—
5%
9-21
preferred (quar.)__———
Maytag Co., $6 1st preferred (quar.)—.
—
& Hardart Co...(N.
,Houdaille
10- 1
$3.75
$1 class A__ft—-ftft-ftft——_____
1
$l,621/2
Massawippi Valley RR. Co. (s-a)
May Department Stores, common
15c
■■
Hooker
: 6-30
Massachusetts Investors Trust (irreg.)_
Mass. Utilities Associates, 5% pfd. (quar.)
$1
30c
Common :
Field
Marven's, Ltd.,
$1.50
$1.25
comr.-.on
preferred
Marshall
30c
75C
I
7-25
Inc
preferred
Calculating
$25c
Panama
Maritime Telegraph & Telephone Co., Ltd.—
Common (quar.)
$1.06 Va
'
Packer
7-
(quar.)
Co.
Trust
convertible
$2
68 34c
Hershey Chocolate Corp., common (quar.)—
$4 convertible preferred (quar.)
Kibbard Spencer Bartlett & Co (monthly)
,
Fund,
Co.
Marchant
40c
preferred (quar.)ft
ft — __——
Hercules Powder Co.. 6% pfd. (quar.)—
.
Bond
75c
common
Light,
7-17
7-15
Square Garden Corp
C.) Co. $2 class A pfd.
Shirt
$1.62%
25c
_ft
/.
6% preferred
4%%
Hilo Electric
$1.30
8-1
(R.
Manhattan
preferred
7-16
5c
(quar.)———-
Hayes Industries, Inc.
Hearn Department Store,
6-30
Electric
7-31
8-
$$1.75
Pacific Public Service Co.—
$2
37V2C
———
Railway Co.
:
———.ft
-Hat Corp. of America—
"6% % preferred- (quar.)-ft-ftftftftft_ft
Harrisburg
Hart Schaffner &
6%%
9-21
12-22
$2
(quar.)
Manhattan
(quar.)——
(quar.)
8-8
1
50c
(quar.).
preferred (quar.)
H.) Co., 4(4% pfd. A
Madison
/
-
preferred
9-
10- 1
1-2-46
common..
(R.
Mahon
(ouar.)
Gas, 7% preferred
Harrisburg
preferred
8-
50c
'
Lighting Corp.,
(quar.)__
(quar.)
pfd.
8- 1
$1.12%
.
&
Ree.^
8-15
8-15
$25c
Pacific Portland Cement Co.—
$2
(Ky.),
6y2%
Co.,
Co.
of
50c
Ltd
Pacific
Luzerne County Gas & Electric Corp.—
Harbison-Walker Refractories Co.—
•6%
Lunkenheimer
—
Electric
&
Aircraft,
Gas
$2
(quar.)
Taylor, 8% 2nd preferred
Gas
&
8-8
9-1
$25c
—
pfd.
Angeles Investment Co
Louisville
"dhift Rr7$5 preferred-
pfd.
Hallicrafters Company (quar.)
Hancock Oil Co. of California—
Ulass A (stock dividend)
Class B
(stock dividend*
Halle
$25c
preferred (quar.)
Loomis-Sayles Mutual Fund
Car
Holder*
Payable
59%c
^
_
Paper $5 preferred (accum.ft_
Pacific- Coast Co., $5 preferred
8%
Guarantee Co. of North America (quar.ft—
_
Pacific
Ltd.—
Pipe Co., 8%
(quar.)
common
(quar,/
when
Share
Oxford
—
(quar.)
Lock Joint
A
:,
-
Corp.,
Outlet
(quar.)_
Class B
10- 1
7-31
$1.25
—
Company
Gas,
preferred
Ottawa
Groceterias Co.,
Class A
1
9-
(accum.)—
preferred
'7%
34 %c
(quar.)
—
—
preferred A (quar.)__.
Little Schuylkill Navigation RR. & Coal Co.—
Loblaw
(quar.)
(quar.)
Petroleum
Semi-annual
preferred
convertible
Industries
Natural
4%% conv. preferred (quar.)
Oliver United Filters,
Inc., class A (quar.).
Ontario Steel Products
Co., Ltd., common-.
7% preferred (quar.)—
4 y2%
(H. L.) Co.
5V2%
4%%
Oliver
Link-Belt Co.
(quar.)
Liquid Carbonic Corp.—
Griesedieck Western Brewery Co.-—
ft,
Name of
—
—
Park
Lincoln
Corp.—
(quar.)
(quar.)
preferred
$7
Green
Per
ot Rec.
Quarterly
t$2
Engineering
Lakes
Great
Hoiaer*
Payable
Oklahoma
Quarterly
preferred (initial quar.)—
Works—ft-ft
:
Power Co., Ltd.—
Lakes
Share
Name of Company
Lincoln National Life Insurance Co
7-25
convertible
Great
When
Per
Holdert
25c
Monday, July 16, 1945
——
(quar.ft——
■
ft
62y2C
13%c
'
6-30
7- 5
6-30
7-16
7-
8-1
7-16
7-28
6-30
8
9-1
8-20
9-1
7-15
6-30
8-20
•
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4403
vVolume 162
"
-
»■'
Oil
Sinclair
Gas
City
Bioux
(quar.)__
.*
—-
6%
8-10
7-31
Wellington
7-31
8-10
8-1
7-30
1$1.50
7-20
6-30
Solar
55o
South
(initial)
,
South Pittsburgh Water, 4%% pfd.
(quar.)
Boutham Co., Ltd.
(initial)
Southern California Edison Co., com. (quar.)
5 7o
original preferred (quar.)
5%%
preferred series C (quar.)
Southern California Water, 5% pfd. (quar.)
Common
Point
8-15
7-25
8-31
7-16
8-15
8-15
7-15
7-15
8-
1
7-
2
Western
8-15
(quar.)
7-13
Common
5%
5%
8-15
7-16
7-20
6-20
Weston
8- 1
7-16
25c
$1.18%
10c
8-1
$1.50
7-16
7-16
9-15
7-16
Tilo
Co.,
(s-a)
preferred
Oil
Union
Co.
of California
■
■ -.
31 Vic
$1
:
$1.50
2c
$1.50
25c
-
-
20c
$1.50
25c
30c
6
ferred
7-
7
at
7-10
7-16
share
per
and
stock
of
class
new
of
share
one
and
class
Universal
Universal
Leaf
Radio
com.
transfer agent
pointed
value.-
Products
—
(quar.)
Co.
.
(quar.)
7-
5
7- 9
of
Underwriters—The
maximum
are
number
-
—.
shares
company's
the
the
of
ratio
each
expire
at
one-
of
share
the
noon
on
the
of
such
principal
stock
underwriters
and
be
to
by
purchased
the
each
^
1
7-15
for
not closed
dividend.
this
8-15
A.
6-18
C.
31,500
W.
C.
Lee
^20,000
Allyn & Co., Inc
Almstedt
Shares
Langley & Co
Higginson
5,000
Lehman
1,500
Brothers
Lester
Brothers
&
8,500
7.000
Corp
11,000
—
1,000
Co—-—*-
Ames, Emerich & Co., Inc...
500
Bacon, Whipple & Co
2.000
McDaniel
Lewis
&
Carl
Loeb,
Rhoades
7-10
Baker, Watts & Co.™_.
Baker, Weeks & Harden
2.000
1,750
Loewi
8-11
Ball,
2,000
Laurence
7-10
The
7-10
Bateman, Eichler & Co
6-18
7-21
10-22
Burge
&
Bankers
Battles
&
Kraus
"Bond Co., Inc.
Co.,
Stearns &
A.
Becker &
7-20
Blair
7-20
William
7- 2
Bosworth,
ridge &
6-30
J.
.7-
Alex.
&
Co..
500
Co._;
&
Co.-____.__
Chanute,
Brown
Minsch,
Oscar Burnett
Burr
Central Republic Co., Inc.—
Clark,
Dodge
5,000
&
11-10
7-13
8-10
Courts
M.
&
&
7-31
7-10
Dick
7-16
R.
Dominick
Co.— 1,000
Phelps, Fenn & Co.
—4,000
Piper, Jaffray & Hopwood— 1,500
R. W. Pressprich & Co.____ 5,000
Putnam
Peltason,
Co
Co.,
Inc.
Estabrook
7-16
Clement A. Evans & Co., Inc.
8-15
8- 1
8- 1
7-31
7-34
;
1,750
Rauscher,
Pierce & Co., Inc.
1,000
5,000
Reinholdt
&
Riter
3.000
Henry
Co
&
Gardner——2,000
Co
———4,000
& Co.,
i—'
500
Robinson
C.
Inc.v—
Allen
&
Co
&
—_—
Robinson-Humphrey Co.
1,000
4,000
The
1,000
E.
C. Ewing & Co.—
750
Fihey, Clark & Co.___„___ 1,500
L.
7-17
7-17
Farwell,
1,500
Seherck, Richter Co
Schwabacher & Co
3,000
Chapman & Co._
Field, Richards & Co._.
The
7-16
First
Boston
<
F.
Rothschild
Scott
I.
Harriman Ripley & Co.,
Singer,
7-16
9-15
7-16
8-10
Henry Herrman
>■6-30
7-16
6-30
9-30
9-
9-15
141,402
128,764
184
191
$4,339,826
$3,874,724
7
2,000
2,000
8,500
1,000
___£_ 1,000
1,000
1,750
500
M.
Scranton
&
& Co.—
Simon
1,750
& Scrfbner„ 1,750
Deane
road
dist.
1,750
Investment
Southern
Co.,
Inc.————*—_™_
Total
pass.
rev._
amt.
rec.
from each
pass.
No.
per
.
William
V.-;! (.'
No.
of
$2.9427
$0.0187
$0.0191
$0.0181
.
No.
15,347,689
tons
■
.
.;■. I,
15,479,878
13,669,705
.
7,613,080
carr.
mile
one
of tons
6,243,499,260 6,150,177,492 5,028,635,464 2,689,988,461
££'■£;;£-•£;£:£££££££::'£■
>££v£££££££:d-»;v
carr.
mile, per mile
of
road
1,658,552
3,886,084
3,815,531
3,110,528
407
397
367.87
$66,524,758
$58,968,245
$45,192,481
$26,644,030
4.2693
3.8093
3.3060
3.4999
0.0107
0.0096
0.0090
0.0099
41,406
36,584
27,954.40
16,420.5(6
Average dist. haul
1
miles
ton
Total freight
Aver. amt.
each
rev.
of frt.
Freight
—__
per
rev.
mile
of
Freight
road
per
rev.
10.71
8.9738
7.6484
6.63tfe
72,586,941
64,378,914
48,714,198
28,256,047
llfih
train mile
Oper.
revenues
revs,
45/180
39,940
30,133
8.9979
7.6730
6.5544
5.1942
33,222,783
29,895,565
23,314,307
17,526^197
10,806.03
,
per
revs,
train
mile
Operat.
expenses
Operat. exps.
mile
of
per
road
Operat. exps.
20,679
18,547
14,421.37
4.1183
3.5631
3.1379
3.23 I'O
39,364,158
34,483,349
£5,39^850
10,729,843
24,501
21,393
15,711.43.
6,615"d5
4.8796
4.8796
4.1099
4.1099
per
train mile
•
i Net
oper. revenue
H
Net oper. revenue •
-
per mile of road
Net oper. revenue
per train mile_
cf
Note—Number
tons
of
company
freight in this table):
1,289,174; 1941, 977,047.
revenue
Consolidated
1944,
Freight revenues
£
Passenger
Mail,
1,337,787;
-
'■
537,212
345,300
$72,966,458 $64,646,544 $43,714,198
$28,256^047
4,107,600
4,07^,0^
3,754,6f\3
379,517
257,630
Expenses—
of
Traffic
r
.
Maint. of way & struct.
Maint.
.
1941'
1942
■.
$45,192,481 $26,644,830
3,874,724
2,306,578
662,445
1,535,945
677,926
603,466
1,722,357
revenue—
',>
; n.
1943
$66,524,758 $58,968,245
etc.
oper.
included in
1,334,645; 1942,
(not
194.3,
Earnings for Calendar Years
4,339,826
etc
express,
Total
______
1.9^7214 /
3.4185
freight carried
1944
Incidental,
<
per
mile of road
Operat.
353.34
ton
per
mile
£
fr.
rec.
ton
rec.
per
5,206,645
6,357,555
7,395.337
6,757,350
1,239,448
—
1,270,957
15,520,517
12,066,426
1,048,086
7,640,055
1,604,605
expenses
4,734,965
1,163,140
16,226,043
equipment
W. E. Hutton & Co.—
3,000
Stifel, Nicolaus & Co., Inc._ L.750
Stix & Co
1,750
Stone & Webster and Blod-
The
9-10
8-31'
Johnson, Lane, Space & Co.,
Illinois
1,750
1,000
Company
get,
Inc.
Stroud
&
Transportation
General, etc.
Total
—
Net
Tax
oper.
expenses.
1,479,890
1,242,176
1,008,40!?
$33,222,783 $29,895,565 $23,314,307 $17,526,197
—$39,364,158
$341483,349
25,132,881
earnings
20,001,824
accruals
income
.$9,157;273
inc.— $14,572,171 $14,838,087 $12,42,7,116
3,765,050
4,160,940
3,811,752
$9,431,58<0
1,936,509
—-
—
1,750
Co
&
8,500
:
Co.,
Total
Rents
oper.
ry.
Net
payable
Int.
income
income
379,517
unfunded
Miscell.
to
debt
2,754,663
13,181
2,302,054
Miscellaneous
41,504
125~516
$5,673,577
$4,472,048
Condensed Balance Sheet
(Entire System), Dec. 31
Securities
Walker & Co.—
Kebbon, McCormick & Co.— 1,750
Deposits in lieu of mortgaged property soldInvestment in affiliated companies™—_—
7-30
7-20
Kidder,
Peabody & Co
8,500
Kirchofer & Arnold, Inc.— 1,500
Whiting,
Other
62%c
1-2-46
12-22
1,000
Kirkpatrick-Pettis Co.
9-
1
12-
H.
5.000
11,000
Corp.—
.__
3,000
8,500
Weeks & Stubbs„ 4,000
The Wisconsin Co.4,000
Dean
W;tter
Harold E.
&
Co.________
162,
9-10
7-10
10-10
6-30
Safeway Stores, Inc.—Sales
Period End. June 16—
—v.
161,
p.
7-
2
7-25
Sales—
—V.
161, p.
——
2792.
-
Miscellaneous
property.
.___
6,975,761
280,355
285,546
3,694,826
2,347,196
1945—24 Weeks—1944
£*
*:\'
•■" 'V- :
1945—6 Mos.—1944
$2,381,621 $10,385,41£ $10,312,370
:
119,879
4,366,011
6,959,828
:
physical
Cr304,943
4,565,813
1,448,685
660,789
1,839,521
V1
1945—Month—1944
120,187
_
1,589,292
Continue Lower—
1945—4 Weeks—1944
$2,589,375
investments
Cr305,269
...
1,222,108
7-14
7-25
grants
Temporary cash investment
—-—
—
Agents' and conductors' balances—
Traffic, etc., balances
Miscellaneous accounts
Interest and dividends received
(The) Schiff Co.—June Sales Increased 8,72%—
Period End. June 30—
and
3,905,452
9-15
12-15
.—1.132,647,575 128,465,629
equipment
Special deposits
X ) ":./■•"'''• i"
2665.;
Donations
vfcl
r-j"'.
24,454,718
$49,739,091 $51,601,239 $292,304,328 $294,688,881
Sales
and
$
.1,368,776
8-21
.7-16
Assets—•
.
.
1943
30,399,340
140.
p.
$
6,000
1,500
Laird, Bissell & Meeds
—V.
-1944
Wood & Co.—„_ 1,000
1
7-16
.
Road
250,813
395 ,742
G.
Co._
v
$5,713 794
Union
Anthony &
-
66,601
■
White, Weld & Co.—
Kalman
Tucker,
248,470
$5,817,031
charges..
profit
Kay, Richards & Co.™_— 1,000
2
Lemon & Co.—— 2,000
& Co., Inc
1,000
Johnston,
5,000
2.759,523
,
1,829; 478
500
Spencer Trask & Co,_
$7,607;905
$8,720,644
" 2,757,092
,
251,100
7-16
7-
7-17
Baker & Co
Thayer,
1,500
$7,495,07:1
112,834
105,279
appropriations
income
Net
2,987,770 :
debt
7-31
MO
1,000
i
$8,615,365
267,630
"
$11,186,637. $10,944,778.
—
funded
on
on
2,500
Inc—_
income. $10,807,120 $10,677,148
non-oper.
9-20
12-20
7-20
7-16
8- 1
Inc.
274,3C^(
—„—
oper,
ry.
$1.75
40o
40c
20c
$1.25
$1
11-3C
1-3Q*
$25,399,890 $10,729,849
13,289,957
1,572,57(6
$14,231,276 $14,481,525 $12,109,933
340,894
356,562
317,183
income
Operating
Rent
Gross
5,000
Janney & Co.
R. H. Johnson & Co
'
■
$4.8804
$0.0191
revenue
Interest
Boyce—_____ 4,000
Weeks
&
7-16*
•
»,
$3.5681
carr.
1,500
Co..
&
&
Brothers
7-16*
10-1
1-2-46
7-10
£8-1
8-10
8-10
_——.
$662,443
$2,306,578
,
freight earn.
1,500
Co
Staats
R.
Starkweather
Stern
Co
7-20
$1
Corp.
Waltham
162.37
255.71
$3.5178
mile
tons
of
of
Total
1,000
Hirsch &
8- 1
Watch, 7% preferred (quar.)——
$1.75
7% preferred (quar.)
—_
$1.75
Warren Refining & Chemical Co.—
5c
Washington Gas Light Co., common (quar.)_
37%c
$5 preferred (quar,)———
$1.25
$4.50 preferred (quar.)———.—$1.12%
——
22;53S
-
1,000
Bros.
8-
9-20
7-20
10-20
7-15
74,756
.
carr.
—11,000
Smith, Barney & Co
Smith, Moore & Co._
Stein
—
8-1
9-1
8- 1
Co., common—
(quar.)
(quar.)———
36,551,003
Co.__£_—8.500
&
1,500
J. J. B. Hilliard & Son
Hornblower
10- 1
'
■;■„■. ■•.,' ■'
120,085,958
1,500
Co.—
W.
Shields
3,000
& Co
Hill Richards & Co
Stringfellow
Sheridan, Bogan Co.„——_
Chas.
Inc._ll,000
25c
8-15
1
207,553,546
4,000
Co
& Hutzler— 6,000
Bros.
&
9-15
7-16
&
5,000
Scott, Horner & Mason, Inc.
8-15
9-15
Inc.
& Sons
Rollins
Salomon
..11,000
Corp
H.
Folger, Nolan Inc._
2,500
Glore, Forgan & Co._——8,500
Goldman, Sachs & Co.—11,000
Grubbs, Scott & Co
1,000
Hallgarten & Co
4,000
8-15
.
227,180,553
225,114
1,000
1,500
7-10
8- 1
9- 1
10- 1
8- 1
9- 1
10- 1
8- 1
9- 1
10- 1
1941
1942
£472,624;
carr.
Tenenbaum
2,500
_■
1,085,949
carr.
5,000
1,500
Co._
Dominick—___
&
1,500
&
————
——
1,000
&
Dickson &
S.
Co.—
Jackson
Webber,
Curtis
4.000
Merle-Smith—_____
6-30
Paine,
1.750
2,500
Co
Northwest
Pacific
3.000
&
1,500
9,000
1,500
Co
& Co,_
Davenport
&
1,000
Co
House
Dain
1,000
Cook & Co
Ohio
1,000
Burr,ilnc
Curtiss,
J.
Co,
Co
H. Murch & Co.— 2,000
Maynard
3,000
&
11,000
Leonard & Lynch
Moore.
Newhard,
7-14
Inc
2,000
Corp
Monell & Co
The
8-10
Co.,
Co
&
F. S. Moseley & Co
7-14
&
& Co.—
3,000
The
1,000
■
1,500
1,500
Milwaukee
4,000
8,500
:
Sons
6,000
2,000
1,500
&
1,500
Co.—
Inc.
Securities
*
1943
1,233,686
(miles)
Operat.
—
Marks &
M.
Masten
Mellon
11,000
C. Bradford & Co
&
£ Merrill, Tuxben & Co.
Louhg-
Co._
E,
2,000
/
1,000
4,000
Co
McDonald
3,000
9,000
Co., Inc
Inc
Blair
A.
Co,__—
—
&
Mtson-Hagan,
1,000
Biyth & Co., Inc.__
7-10
G.
M.
Co.-
.
750
Inc
Bear,
7-30
7
rev.
Ended Dec. 31.
Years
car¬
mile, per mile
Ave.
7-16
$1.50
$1.75
$1.75
(quar.)—
6% preferred (quar.)
& Iron
7%
prererred
Wabash-Harrison
in
for
will
pre¬
offered
Shares
8- 1
8-1
$1
37%c
—
Sugar
Detlnning
preferred
of
3.60%
being
the
of
names
of
Reynolds & Co
11-15
9-10
12-10
8- 1
Virginia Coal
stock
stock
Warrants
Ladenburg, Thalmann & Co. 8.500
(quar.)
Virginian Pnilway,
day
is
City of New York has been ap*
the preferred stock, 3.6% series, $100 par
follows:
as
8-15
7-31,
8-15
$1.75
$1.75
50c
7% preferred
8-
mile
of
7- 9
.
(quar.)
Vapor Car Heating Co., Inc.—
7% preferred (quar.)i
Vertientes-Camaguey
$37.% c
9-10
Aver, receipts per
■ ■
6-30
68%c
(quar.)
earn'
Aver.
£ £l
National Eank of
Chase
7-20
50c
7-15
10c
(initial)-
Co
Utica Knitting Co.—.
5% prior preferred
$5,138,274
of
shares
stock
that
common
preferred
held.
Equitable Securities Corp.— 3.000
-
1
50c
Tobacco,
Pictures
B
490,000
and the
7,
record
of
the
stock
B
25c
prior preference (quar.)
July
holders
to
Harris, Hall & Co., Inc.
Hawley, Shepard & Co
Hayden, Miller & Co
Hemphill, Noyes & Co
\-j
.
$5,472,771
21.
The
7- 3
8-15
8-10
•
8-
books
of pass.
of
7-16
8- 1
7-16
•
$31 %C
Traffic Statistics,
one
1945—6 Mos.—1944
$869,335
covering
effective
40c
Pipe & Foundry (quar.)
Quarterly
U S Plywood Corp., new common
IT. S. Sugar, $5 preferred (quar.)
7 %
statement
became
£>, 25c"
(quar,)-
:•
i,
stock
25c
U. 8. Leather Co., 7%
Vulcan
registration
$100
July
8- 1
8-15
*
7-15
pass,
pass,
The
7-
■*■11-15
'
1
1944
;
7- 6
7-31«
;■>
8-
Jamaica income tax.
■
of
Aver.
£
U. S.
Utah
$969,243
Coffin
25o
15c
■£ 25c
6-20
$20c
St. Louis Southwestern Ry.—Annual Report£
(R. J.) Reynolds Tobacco Co.—Stock Offered—
7-6
7-16
9-15
8- 1
7-21
7-16
$25c
(quar.)
7-20
9-15
9-1
8- 1
8- 1
8- 1
11- 1
8-15
8-1
8- 1
50c
35c
_
Extra
8-1
_
$1.75
62 %c
62%o
90c
$1.50
$1,75
7-14
fPayable in U. 8. funds, less 15% Canadian non-residents' tax.
£
JPayable in Canadian funds, tax deductible at the. source.
Non¬
resident tax, 15%; resident tax, 7%.
a Less British Inconae tax.
•;
5
161, p. -2665.
Dillon, Read & Co., Inc
Casualty, 4% non-cum. class A__—_
Fidelity & Guaranty Co. (Bait.)-
5%%
$1.25
1945—Month—-1944
Sales
12-15
U. S. Hoffman
£
7-
Corporation and
Period End. June 30—
—V.
40c
Extra
U. S. Industrial Chemical
7-5
7-15
Less 30%
1
7-23
$1.25
Machinery Corp.—
convertible preferred (quar.)——
7-20
7-15
5c
7-2
,
Uv S. Guarantee Co.
•Transfer
1
5c
Rose's 5, 10 Sc 25-Cent Stores, Inc—Sales—
1
4%
$1.25
S.
x
No. of pass.
7-10
$1.50
7-16
15o
(quar.)
preferred
preferred
7-20
No.
8-4
$1.75
7-6
(qusir.)__
7-16
.
(Continued from page 252)
8- 1
8- 1
8- 1
8-1
7-30
7-16
7-23
$5
S.
5%
No.
8-15
*
U.
General
common
—
U.
8-
twentieth
Cigar-Whelan Stores Corp.—
preferred (accum.)—>2.—————
$1.25
prior preferred (quar.)„
31c
United Corporations, $1.50 cl. A (quar.)—
t38c
United Drill & Tool, class B (quar.)
—
£10c
y. 60c class A (quar.)—
15c
United Gas Corp.
15c
United Light & Railways Co. (Del.)—
£7% prior preferred (monthly)
58%c
7%
prior preferred (monthly)———58%c
<• 7%
prior preferred (monthly)
£ 58%c
£ 6.36%
prior preferred (monthly)—,—
53c
t 6.36%
prior preferred (monthly)*.--.
53c
6.36% prior preferred (monthly)———
<
53c
6%
prior preferred (monthly)
•
50c
C6% prior preferred (monthly)——_
50c
6%
prior preferred v(monthly)
50c
United National Corp., non-cum. partic. pref.
."15c
^
50c
50c
25c
15c
.
7-18*
10- -1
(quar.)
Towne Manufacturing Co.
&
6%
*
common
9- 1
50b
9-1
- - ;60c£- • 12- 1 $1.25
8- 1
$1.25
8- I
$1.25
8- 1
1
10%
Worsted
Corporation
Zeller's, Ltd., common (quar.)
8-27
$2 prior preference (quar.)
Whiting Corp. new common (initial)
8^15
30c
37Vic
(irregular)—
(irreg.)
9-10
1
7-16
$1.12%
8-
York
1
1
7- 2
$31%c
25c
5%
$1
7-16.
I5c
9-
40C
(quar.)**-*.
1
8-21
9-15
(quar.)
pfd.
7-16
8-
-7-31
$1
Extra
1.
20C
Yale
9-15
6-30-
8-
$$1.75
(accum.)
6-22
8-
Chocolate
preferred
7-16
8-
Wilbur-Sqchard
1st
Wyandotte
1
7-16
15c
Woolworth (F. W.) & Co., Ltd. ADR (interim)
6-30
50C
6-30
-9-29
12-29
8- 1
J
8-1
7-24
7-31
9- 1
—
United
4
9-
7-16
50c
$1
$1.25
$L25
$75c
(quar.)
Circuit
Artists Theatre
United
United Bond & Share Ltd.
7%
2-
10-
7-31
7-15
'£■
$1,12%
(Alexander & James), Ltd.—
7-16
1
7-16
$1.25
50c
class A
(quar.)
7-10
7-16
7-16
25c
;
*—_
11-
$1
-$1.50
2-15- 46
7-16
9-15
of Missouri—
(quar.)
11-15
10-15.
10-15.
;.£
_
35c
.
7-3
8-
Tung-Sol Lamp Works, Inc.—
80c preference (quar,)*
——
Tyer Rubber Co., 6% prefeerred (quar.)——
"Union Electric Co.
$1.25
1
1
11- 1
(quar.)
preferred
Wood
9-1
(quax.)-*__
—
8-
$1.12%
7-0
8-15
.——————
—
8-15
5%
8-
11-
Electric Power Co.—
preferred (quar.)
Wisconsin Gas & Elec., 4%% pfd. (quar.)__
Wisconsin Public Service, common™™...™
2-
$1.25
1
Chlorine Products—
7-6
9-10
—
Quarterly
2-15- 46
25c
9- 1
$1
——*.—■
'.
Special
Trinity Universal Insurance Co.
8-
11-
£ $1
:
_
i
7-12
31V4C
common
■^ransamerica Corp.
8-15
11-15
7-16
1
$1.50
Extra
6%
1
11-15
12-30
£ 8-
2
8-
8-15
1$2.50
£ .$1.50
£
Wisconsin
6-15
$2.50
7-10
9«r 5
8-1
8- 1
Roofing Co., Inc., $1.40 conv. preferred
$5
£7-15
$1.25
$1.06%
$1.12%
Title Insurance Co. of Minnesota (s-a)
Tondpah Mining Co. (Nevada) (reduced)—
Tawle Manufacturing Co. (quar.)
j
...
7-23
Water Works Corp.—
Shovel
6-15
7-15
(quar.)____
Common
ried
(quar.)—
preferred (quar.)
Textron Incorporated, $2.50 pr. pref. (quar.)
^ $2.50
prior preference (quar.)
Thatcher Mfg. Co. $3.60 pfd. (quar.))
The Fair, 6% preferred (quar.)——
,•
77o preferred (accum.)————
Thew
7-15
preferred
$6
£;■'££ Extra
;
Instrument
$4.50 preferred
8-15
9-15
75c
50c
$1.12%
40c
77o
c
8-15
9- 1
..
(quar,)—
Texas Power & Light Co. $6 pfd.
7-20
White Sewing Machine, $4 conv. pref. (accum.)
7-16
9-1
.
Co.,
Westmoreland Coal
20c
(quar.)
—
Co., common
6%
convertible preferred (quar.)
—
Spicer Manufacturing Corp., common
$2 preferred A (irregular)
Spiegel, Inc., $4.50 preferred (quar.)
Springfield Gas Light Co. (quar.)
Squibb (E. B.) & Sons—
$5 preferred A (quar.)
$4.25 preferred B (quar.)
Standard Brands, Inc., $4.50 pfd. (quar.)__
Standard Wholesale Phosphate & Acid Wks.
Stanley Works, 5% preferred (quar.)
State Street Investm't Corp. (Boston, Mass.)
Stetson (John B.) Co., common
—
.8% preferred
—
Stecher-Traung Lithograph Corp.—
5% preferred (quar.)—-™———»
5% preferred (quar.)—.———
Steel Co. of Canada, Ltd., common (quar)—
7% preferred (quar.)
.
:
Participating
—
Sterling Brewers, Inc
Sterling, Inc. (stock dividend)
Stonega Coal & Coke Co. (quar.)
Struthers Wells Corp., $1.25 pfd. (quar.)
Suburban Electric Securities—
$4 2nd preferred (accum.)
——
Sun Oil Co; 4% % class A pfd. (quar.)
Sun Ray Drug Co* common.————
6%
preferred (quar.)
Super Mold Corporation (Cal.) (quar.)
Superheater Co. (quar.)
Susquehanna Mills, Inc., common——
Stock dividend (1 sh. for each 25 held)Swift International Co., Ltd.—
Dep. ctfs. (reduced)
—
Syracuse Transit Corp,, common——
i;t Common-.———Tacony-Palmyra Bridge, 5% pfd. (quar.)—
«
5%
preferred (quar.).
Tennessee Gas » Trans. 5% pfd. (initial)—
7-14
$1.25
$1.50
•
6-20
1
1
_
$1.20
4%%
preferred
Sparks-Withington
7-16
75C
7% pfd. (s-a)
(quar.).
Westmoreland, Inc. (quar.)
*
Wilson Line, Inc., 5% preferred (s-a)„
Winnipeg Electric Co., 5% non-cum. pfd
Winsted Hosiery Co., common (quar.)
Co.,
8-
(quar.)
8-15
.
preferred
preferred A
9- 1
6-30
7-15
&
8-
_
Western Pipe & Steel Co.,
Western Union Telegraph
Westvaco
7-16
8-1
75c
120c
1$1.50
(quar.)
1
75c
preferred A (quar.)
preferred A (quar.)
Electric
8-
7-17
_
5%
6-20
6-20
$1.50
7-17
(quar.)
7-20
Wilson
8-15
(quar.)
common
,
9- 1
preferred (quar.)_,
—
Southern New England Telephone Co. (quar.)
Southwestern Public Service Co.—
Common
(quar.)
—
■'17a
Pacific RR.,
8-11
$75c
...
8-15
4.8%
Terre Haute
(quar,)
Common
1
8-15
$1.12%
Co., 4%% pfd. (quar.)
Manufacturing Co. (quar.)
2
7-
7-
9-
37 %c
Power
preferred
7-16
$1.50
8-15
1
$1.75
$$1.75
Penn
West
of Rec.
7-15
Wichita Union
75c
West
HolderB
Payable
$2
$1.50
Western Dept. Stores, 6% conv. pfd. (quar.)
Western Grocers, Ltd., common
(quar.)
7%
9-
When
Share
Name of Company
Stockyards, 6% pfd. <s-a)__
Wichita Water, 7% preferred (quar.)
Williamsport Water Co., $6 pfd. (quar.)____
$1.75
(quar.)
(quar.)_.
7-31
Southern Indiana Gas & Elec.—
Extra
preferred
8-15
34%c
31%c
37Vic
i
(quar.)
partic. preferred
Common
6 %
6%
Canada Power Co., Ltd.-—
Southern
8-11
17 %C
(quar.)
7% preferred
preferred
West Penn Electric,
7-10
$1.12%
119c
37Vic
27 Vic
(quar.)
preferred
6%
8-15
43 %0
13%c
50%
37%c
Conv.
6-25
(quar.)
27c
22 Vic
preferred A—,——preferred (initial quar.)
.——
Manufacturing Corp.—
cum. conv. preferred A (quar.)
Bend Lathe Works (stock dividend)—
convertible
50c
"
7%
6-30
i
Co
Fire Insurance
Per
of Reo.
7-16
(quar.)__
$5 preferred
Co.,
$1.75 preferred
7-10
Aircraft Co.—
Solar
Payable
West Michigan Steel Foundry—
130c
125c
Ltd.
Co.,
Weatherhead
$1.25
*$L75
7-14
%.££ 40c
(quar.)—
(Howard) Paper Mills, common™—
preferred (quar.)—
(N.)
Bmitn
-
pfd.
Elec. 7%
&
8-15
25c
$1.75
__________
(quar.)
;Common
Slater
;?
Corp
Holdert
When
Per
Share
Name o} Company
of Reo.
Payable
Share
Name of Company
Hoiaeri
When
Per
i
-
Rents
receivable
supplies—
current assets
Material
Other
—
and
,*>
„_
Post-war
Total——*..
5,600
——
—v.-:
4,00p
35j070
—
fund advances
—
credit—excess profits tax—
*
Excess profits tax refund bonds
——
Other deferred assets.——_._———
Other unadjusted debits.——
Working
824,870
—:■_
;
4,401,913
•
24,982
4,4243
14,793
38,725
34,045
4,131,533
2,573,551
•744,073
24,178,
1,000,399
24,941
1,038,833
193,774,,173 182,748,939
THE COMMERCIAL & FINANCIAL CHRONICLE
Liabilities—
stock
,>
the
in
17,186,100
19,893,600
Electric
19,893,600
Bonds.
56,941,384
51,937,395
of
Non-negotiable debt to affiliated companies
Loans and bills payable
18,784,056
18,784,020
5,191,657
3,171,758
631,438
Common
17,186,100
stock
Preferred
stock
__
.
Accounts
and
Unmatured
interest
,
Other
/
•
„
liabilities——,
current
liability
:
depreciation
Accrued
of
amortization
Other
liabilities
—
^
Earned surplus
(appropriated—post-war credit)
Earned
.
surplus
General
Fed.
Co
Kalman
Dean
Fed.
prof,
exc.
Retirement
and
excess
over-
orig.
34,158
Utility
$55,236
222
income—
(net)—
oper.
$65,731
Drl,108
Parker &
!— 15,000
&
Rhoades
$64,622
31,473
378,395
Alstyne,
&
Riter
Net income
$33,149
$25,914
.
M.
,
stock_______
Common
&
July
and
union
the
8,
details of
a
Truman
nance
ridge
G.
contract.
new
took
ODT
control
system at the direction of President
June 16, 26 days after a strike of operators and mainte¬
on
had
men
paralyzed
all
street
and
car
bus
Sears Roebuck & Co.—-June Sales
Period End. June 30—
1945—Month—1944
'/J.;}.$
Bales
;; 80,512,707
1';
special
on
proposal
a
split
to
shares-for-one
If
of shareholders
meeting
the
be
company's
Sell.,
$
>•
"'A--*?
-Vv-.
:R*'v
One
Other
the
capital
stock
to
1
the
of
shares
principal
beneficiaries
on
Prov.
four-
a
the
of
split
will
the
be
for
inc.
Estd.
Gross
$982,144
$1,155,935
$1,746,912
94,805
4,375
27,398
19,279
20,950
259,009
22,900
276,700
taxes.
345,000
450,000
604,517
$576,268
$611,130
$1,138,020
Cr9,036
14,107
1,710
14,031
of
Federal
"f. "'Ab
f. 4%
93,870
stk.
stk
Divs.
of
of
paid in
of
U.
$52,622
$654,274
.
$1,138,020
$945,634
1,275
375,000
3,416
375,000
250,000
165,000
165,000
•
Seeger-
Sunbeam
82,500
375
7,989
stk.
com.
$52,997
8,245
$662,264
105,387
Preferred
dividends—
162,
(includ.
March
31,
1945
in
banks
and
hand,
on
$3,782,756;
U.
S.
Govt,
$579,517
210,000
317,217
303,476
NOTE-—For
possible
order.
to
mechanical
arrange
reasons
it is not always
companies in exact alphabetical
are always as■ near alphabetical
possible.
as
See
p.
Seeger-Sunbeam Corp.—Common Stock Offered—F.
Eberstadt & Co. and a group of associated underwriters
National
appointed New
History and
The
York
Bank
of
transfer
the
City
of
New
has
York
the Sunbeam
many
of
each
electric
of
other)
been
under
and
its
of
trade
the
order
company
required
the
have
in
the
war
war
of
important
the principal
an
engaged
in
&
Co.
and
two
independently
Inc.,
and
both
production
of
and
Since
been
and
of
5U.250
420,000
■
907,659
various
of
in
is
products
Capitalization—Company had outstanding 506,000 shares of common
($5 par) immediately prior to the consummation of the
plan
an
additional
594,000 shares
of
common
of
were
technical
with
of $29,031,242
—
payable
and
1
57,125
38,778 X
$12,698,568 $14,317,667
—
"_r
$1,250,000
1,219.373
$6,175,000
55,661
31,785
6,790,753
4,550,000
314,737
—
430.926
143,691
stock—:
payable__
for self-insurance of
pensation
risks
!
(Preferred stock
480,872
48,144
16,953
—
workmen's
56,683
6,500 k
,
64,838
33,683,
528.496
'
827,264
r
47,256
401,504
47,256
1,479,981
1,283,211
^
—
-
—
$12,698,568
——
$14,317,6671
reserves
for
depreciation and amortization of
1945, $534,679 in 1944, and $354,378 in 1943.
(Repre¬
12,842 (no par) shares in 1945 and
66,062 shares in 1944.
in
by
—v.; 162,
American
Gold & Platinum
Co.—Report—
Consolidated Income Statement, Year Ended
Dec. 31,
Proceeds
from
sales
$2,085,349
after inventory adjustment but excluding depreciation separately stated below
Administration and general expenses
shipping
Gross
.?
1,185,639
15,849.x
f
profit
$757,298
—
46,147/
—
income
Pronerty
a
developed in the
service
fees
were
company's laboratories.
Engineering
received in the sum of $404,437.
,;~
Business—The
as
the hostilities draw
entirely possible,
for
however,
are
Jet
.
company
to
a
close on the Japanese front.
It
that the sales volume for 1946 will show a
since
1930.
The following statements,
believed significant in determining future business:
the
Propulsion
even,
first
time
and Gas Turbine—In September,
1943, Solar ema
program of .research with respect to the reaction pro¬
pulsion engine, commonly called the jet engine.
It was believed that
the processes and techniques developed by Solar over the past 15 years
were peculiarly adaptable to manufacturing certain heat-resistant com¬
ponents in this new art.
Various major companies approached Solar
either for engineering aid or for the supply of stainless steel and inconel parts to be formed and welded with the precision and skill that
barked
deoreciation
amortization
of
of
plant
development
and
and
eouloment,
profit—
434,691
$368 753
—
Provision for Colombian income taxes-.
Provision
for. U.
S.
income
taxeB___,
Proportion of net loss of subsidiary companies
to minority interests'—.—1_____—
_________—
,>
Assets—Cash,
cost and accrued
at
cost,
$6,182;
$1,194,274:
Sheet,
Dec.
U. -S* 'Treasury
investment
$132,477:
362,006
31, 1944
certificates
•*
and
no'cs—y
interest, $1,122,059; marketable Colombian
securities,
accounts
and
note
fixed
in
Colombian
assets
$3,452,487).
$2,260,865;
total, $5,985,656.
(after
deferred
T
receive hie. (net
after
taxes,
reserve
of
of
"
of.*-
materials
r
$14,964),
r
securities required bv lev, at
cost,
depreciation ' and
amortization- of
charges and other assets,
$471,851;,',
"
,
,
Liabilities—Accrued
1
5,343
$243,093 /
year
$4,387), $37,422: invpntorv of bullion, $103,676: inventory
and supplies, $629,019; sundry advances (net after
reserve
$27,830',
28,197.,/
applicable
—__—_________
Consolidated Balance
-
102 801
r
i
____.—
Company's proportion of consolidated net profit for
Dividends
■
preliminirv
$7,431; depletion of mining properties, $123,551
Consolidated net
the
$803,444
expense,
etc., written off, $00,803;.
exchange control taxes on special remittances
the United States, $16,551; miscellaneous ex¬
$6,757;
expenses,
new •
___^
examination
Colombian
-.
126.564
expenses—
Other income
Total
^
1944
of metals—
Cost of operations
Bullion
^
173.
p.
South
.
v
,
deducting
$793,191
sented
.
-
com¬
•
——
♦After
J»
102,736
($1 par)
Total
628,933
income
on
and accrued—
wages
Reserve
V $189,598;
established
a
decrease
manufacture
reorganization and issued
items
in this list
effort.
stock
year
ended the fiscal year April 30,
backlog of unfilled orders of approximately $37,378,000,
subject to cancellations and cutbacks received shortly thereafter of
approximately $3,350,000.
On June 1, 1945, the unfilled orders totaled
$33,427,000, containing items scheduled for delivery into 1947.
It is
not represented that there will be no further cutbacks or cancellations
the
regulations of -the War Production Board already issued,
of household and commercial refrigerators may be
immediately, subject to certain limitations as to the quantity
of household refrigerators produced, and to the procurement of the
necessary materials,
and the company expects to reengage in such
production as soon as conditions permit.
fiscal
reductions
Post-War
others,
early
the
for
;
785,071
1
—
expenses
current liabilities
Other
This
those
price
1945
prohibited
divisions
sales
satisfactory volume was achieved in shipments of aircraft cameras
produced by the Russell Vought Division, and increased sales were re¬
corded for Sol-A-Nut lock nuts
and Solar Welding Flux.
The last
source of supply
Co,, which marketed them
Seeger also supplied household
Ward
net
the chief source of
than half of the to¬
tal, with tailpipes, cowling, muffs and shrouds, flame dampers, heatexchanges, supercharger housings, and other heat resistant parts of the
airplane exhaust system contributing ,the bulk of the remainder.
A
resumed
of
50,250
355,000
.
Accrued
/
exhaust manifolds continued to be
production volume, accounting for slightly more
Under
the
taxes
Salaries
Airjiane
&
Board
the
Seeger
manufacturer
refrigerator cabinets.
household refrigerators has
Production
the
operating
commercial
War
been
the
Montgomery
of
(then
company
"Coldspot."
to
manufacture
of
the
name
cabinets
manufactured
1942
by
in Evansville, Ind.
prior to the outbreak
together
refrigerators, being
for Sears, Roebuck
products
refrigerator
was
constituted
household
such
profits tax (est.)
-
of funds to
made- by the company as a result of greater
efficiency and lowered costs.
These savings have been passed on
to customers and to Government in accordance with established policy.
tary
division
years
divisions
Co.
is the 15th successive year wherein net sales ex¬
previous year.
Preliminary figures indicate that
the 1945 volume would have been $1,498,800 greater except .for volun¬
ceeded
agent.
Business—Company
-
high record.
incorporated in Minnesota in
1906 as Seeger-Gallasch Refrigerator
Co., changed its name to Seeger
Refrigerator Co. in 1908, and adopted its present
name,
SeegerSunbeam Corp., in May, 1945, following the
acquisition of the business
and assets of Sunbeam Electric
Manufacturing Co. Company is con¬
tinuing the businesses theretofore carried on by Seeger and
Sunbeam;
the Seeger division conducts its operations in St.
Paul, Minn., and
For
—
penses.
July 6 offered 493,530 shares of common stock ($5
par) at $23 per share. The shares offered represent
part
of the holdings of certain
present stockholders.
Sunbeam
excess
Liabilities—
Co.,
Solar Aircraft Co.—Annual Report—
on
Chase
Oil
Standard
2597.
1
4,512,112^
Treasury _bonds___;
secur¬
Inc.—Secondary Offering(New Jersey) below — V. 161,
7
3,769,620.7
5,746,558
Notes payable to banks
Accounts payable
.:
Dividends payable on common
compensation,
Socony-Vacuum Oil
-hlv
4,133~75l
However, they
position
The
1944
$1,931,985
T**
Total
tax
payable, $997,347; accrued salaries, wages and
$264,948; accrued taxes other than income
taxes, $212,233; reserve for possible retroactive wage increase, net of
income taxes, $150,000; reserve for Federal and State income taxes
and
renegotiation of war contracts, $2,648,393; reserve for service
warranties, $715,581; reserve for self-insurance (workmen's compensa¬
tion), $19,034; reserve for post-war restoration of plant, S108T689;
common
stock (par $5), $5,500,000; earned-surplus, $5,343,090; total,
$15,965,315.—V. 162, p. 173.
post-1;
2,809,850
(net)
Government
surplus
Earned- surplus
savings notes
receivable, $1,479,547;
additional
52.
p.
receivable
notes______—
105,040
$556,876
210,000'
dividends.
Common
—V.
$44,752
tax
Paid-in
of $1,330,000), $2,983,705; notes and
reimbursable expenditures for equip¬
ment for war contract, $128,612; inventories, $4,073,159; other assets,
$183,404; properties (after reserve for depreciation of $1,983,372),
$3,006,651; patents, patent application and goodwill, $53,789; deferred
charges, $156,002; total, $15,965,315.
$684,558
8,188
Sheet,
——
$1.91
for
1945
Common stock
27,000
Assets—Cash
7,768
$52,631
3,471
$1,073,870
1944
Sheet, April 31
•Property, plant and equipment
Intangible assets
Deferred charges
0101,417
$712,547
$33,031.
127,140
$1.65
retirement, $189,000;
and for refunds in connection with
renegotia¬
tion of war contracts
$616,268
Seeger
ities
$676,789
342
$44,442
$29,648
$1,479,981
Estimated liability for Federal taxes
Balance
167,5.19
$52,288
income—
$1,234,042
$1,448,224
Government
S.
Liabilities—Accounts
Net
for debt
Post-war refund of Fed.
(Immediately after reorganization of Seeger and Sunbeam Companies)
177,302
169,141
income-
_
$945,634
result'g fr.
back
of
net
-
130,564
(net)—
deductions
S.
593,395
——
Inventories
226,386
.
taxes
Com.
262,329
tax—
$640,647
204,831
credits:
Accounts
27,938
__
246,962
23,200
accrls—
res.
87,008
1,615,500
$640,590
1,073,871
Cash
$1,199,959
60,876
2,443,340
—
1945,
refund, $179,500.
Other
943,259
income—
Income
171,520
4,100,000
Earnings
U.
$1,032,632
167,326
8,496
100,974
100,000
Balance
$1,588,166
158,745
1,301
l,7Ul,00t)
Assets—
-—
1942
1943
■
-
87,850
Earned surplus at end of yearper share
;
and
Co.
Cr40,000
$2,604,726
1,081,127
201,338
22,021
profits
refund
inc.
1945—12 Mos.—1944
$2,735,461
76,257
surtax
and
oper.
Refrigerator
Years Ended Aug. 31
1944
.
64,108
<
accounts
Utility
Seeger
.
Manufacturing Co.
$984,415
.
Net profit
Divs. paid in cash on—
Pfd. stk of Sunbeam
$207,752
;
Other income
of
-
expenses.:-^
Common dividends
war
$918,035
opers
com¬
78,110
taxes
exc.
Income
income
Com.
1945—Month—1944
_•
Retirement
2,500
Co.—
under
$208,090
revenues
Maintenance
Fed.
&
$9,469,846 $14,156,254 $21,407,088 $11,856,147
8,041,608
12,200,482
18,880,998
9,906,900
510,202
971,356
937,922
916,613
now
who now hold about 14 V*% of the shares
and profit sharing plan.—V. 161, p. 2597.
Operation
General
2,500
Co., Inc.—
Wood
E.
dis-
deductions
carry
Period End. May 31—
Fed. normal
G.
2,500
Total surplus
Preferred dividends
36,228
36,963
21,448,832 '22,187,275
896,360
848,661
130,521
207,252
t
___
;
1944
$29,106,457 $28,139,156
—
—•
and service
income
'After
Electric
income
Income
vote
Sierra Pacific Power Co.—EarningsOperating
Harold
2,500
post-war period.
23,242
—
,
Oct.
employees,
their pension
of
adm. exps.
from
Total
called for
outstanding.
of
pany's
J.
2,500
White
White &
3,500
goods sold
&
B.
jet
51,973
Earned surplus at
beginning oi year.
3,500
etc.
Profit
outstanding are voted in favor
of the split, the company will have an authorized number of shares
totaling 24,000,000.
At present 5,865,571 of the 6,000,000 authorized
are
Herbert
3,500
Statement
less
2,500
Stein Bros. & Boyce_.
Stix & Co
4,000
Co._
2,500
—.
-
•
_.
sales,
gen.
-
4,000
&
Net
2,500
—
Lukens
4,000
&
Co
for
additional
1945
Federal normal, tax and surtax
■^Federal excess profits tax
Robinson, Rohrbaugh &
basis.
two-thirds
shares
Ohio
1945—5 Mos.—1944
;.-.-r:.':
76,863,859 296,517,954 372,871,787
will
Abercrombie
Co.
Lovett
4,000
;
with
1
——__—
2,500
:
>
$29,031,242 $28,065,965
Other income charges-^
Federal capital stock and State
franchise taxes
Reiund under
renegotiation of contracts lor
war materiel
Co.
&
4,000
& Co
of
Sons—
&
Waddeli
Inc.
Mar, 31, '45
Cost
Garrett
Herrick,
1945, the company's backlog of unfilled orders
Interest
2,500
2,500
Ferris, Exnicios & Co., Inc.
will also be usenil- at lower altitudes.
rnt.fvp
trpnpvol
Administrative, general,
2,500
Co
aviation,
amounted
to
approxitnaely $8,517,000,
this nature
anticipated to carry over into tne
Total income
Cost of sales.
—
—
7 Mos. End.
Plans Four-for-One Stock Split-Up—
A
E. W. Clucas &
become
in
at,, high
_____——.——
_.
4,000
Sunbeam
Up 4.7%—
Co
important
especially prominent
fepeeds approaching
altitudes through the use*
It is assumed that gas turbines
geared to the con¬
obtainable
Net' sales
—2,900
Berwyn T. Moore & Co.,
Inc.
2,700
Baker, Watts & Co
2,500
4,000
Chanute, Lough-
counts,
&
have
application
are
Cash discounts on purchases—
Miscellaneous income, interest, etc._'__—
3,000
3,000
3,000
3,000
Inc
and
new
Summary of Income, Years Ended April 30
3,000
Co._
Blosser
__
Robert
Co
Brashears
Gross
Co.,
&
Inc.
4,200
& Sons
Combined
the
operations in
City of Scranton, Pa.
<
Immediately
after
Government seizure was
announced,
striking
employees voted to return to work pending further negotiations, which
"were later satisfactorily completed, ODT said.—V. 161,, p. 2792.
&
Richards
Straus
,
Co
&
4,500
Crowell, Weedon & Co
the
of
&
Bos worth,
of
Pitman
4,500
W. Clarke Corp.
Edwards & Sons—
Loewi
Transportation has announced termination of
this company, effective at l2:0Lja_ m.,..
and company having reached agreement on the
control
3,000
Co.
&
Securities
are
■■■>/,
April 30,
work of
3,000
3,000
4,500
Co.
Clark & Co
G.
A.
The Office of Defense
possession
Masten
Shaughnessy
Kay,
4,500
Co
Brown
W.
E.
4,500
&
Co
Kiser, Cohn & Shumaker,
Richard
Scranton (Pa.) Transit Co.—Govt. Control Terminated
*
5,000
Brush, Slocumb & Co—
E.
Park
Webber, Jackson &
Boettcher
Alex.
Nashville
&
Co
&
On
components
3,000
&
&
5,000
Kidder
Co.
Jones
C.
A.
6,000
Curtis
t—V.162, p. 140.
Illinois
turbines
gas
sound
McCourtney-Breckenridge
5,000
Corp
Maynard H, Murch & Co._
60,000
149,114
60,000
159,055
459,202
&
The
6,500
Higginson
Paine,
preferred stock
—______
Debenture
stocks___—————_——
3,000
Co., Inc.3,000
Co.—_;
3,000
Robert
6,500
;
Co
&
Cruttenden
$407,111
Dickson
S.
6,500
Co..
.
$369,845
6%
3,000
f.
7,000
Goodwin
Dividends declared:
R.
turbines
gas
At San Diego, Solar has erected a
building containing 68,000 square
feet to house
machinery and equipment valued at
approximately $700,000 loaned by Defense Plant
Corporation through
customers, and, at
Des Moines, conversion has been
made of the floor
space to Install ma¬
chinery and equipment of $2,600,000, estimated
valuation/ also loaned
in the same manner. This equipment will be used
in the manufacture
of gas turbine parts.
& Co
7,000
Co.—
Goodbody &. Co.
Walston, Hoffman
A.
Co
7,000
Inc.
Noel & Co.
Courts & Co
Lee
&
and
war-time
of
ventional propeller
v
3,000
Blair
William
C. S. Brown &
Gordon Meeks &
Boenning & Co
Buckley Brothers
$808,769
401,657
$748,240
29,544
deductions
Co.__—_—
Co.,
speed
of the jet engine.
;v:
3,100
&
8,000
The Wisconsin
«
Inc._
Baker
Bullington-Schas
&
Co.
Kirchofer Sz Arnold,
Van
Amott,
engines
through their
the
Space &
Inc.—3,300
9,000
9,090
Co
Jet
3,500
3,400
and
present
3,500
3,500
3,400
Inc.
Lane,
8,000
Bradford
M.
•
3,500
Co._____
& Co.,
9,000
—
Rollins & Sons, Inc.
Loeb,
&
& Co
McLeish—
&
Co.;
14,000
Republic Co. Inc.-
California Co
C.
California—
Turben
Johnson,
.
$55,458
income
Gross
Merrill,
Slade
H.
Co.
Wagenseller & Durst, Inc.15,000
&
of
Trask
Spencer
Bingham, Walter & Hurry
Income
Co.
&
engines
of
transforming heat into useful mechanical
energy.
Despite
drawbacks, it appears that they may bec.ome
among the
most efficient future sources of
power.
Company is privileged to par¬
ticipate in the. growth of this new
industry.
It is now conducting
engineering research in this promising iield and Its
manutacturing
techniques have already been of service'to others.
t
3,500
Stifel, Nicolaus
t
'
.
Stearns
Carl
$728,407$792,143
19,832 :
16,625
.
Pacific
3,nOO
3,500
&
18,000
—
propulsion
methods
Shares
,•
Co._
Inc
20,000
Co.
&
15,000
J.
409,602
447,851
Jet
r.
some
►
advantageous,
Electric Co.,
Allison Division of General Motors
Corp., Westinghouse Electric Corp. and others
equally prominent.
'*
the
and
which Is believed to have been mutually
company and Gneral
has been established between the
Allis-Chalmers Manufacturing Co.,
,
Chapman
Richards
Hill
Newburger & Hano_—.— 14,000
:
43,658
»
Nolan
Co.——
Otis
cost
Cooperation,
respectively,
them,
.
Name—
Folger,
Hutchins & Co._
Hornblower & Weeks——
779,937
c
by
national recognition. • Orders
varying in size from a few
to others involving large production have been received.
test pieces
1,100,000 shs.
underwriters
Farweil,
Inc.-—— 20,000
Co
Redpath
Bear,
.
.
utility Plant
Other income
625,104
of
amort,
of
64,190
.....
ac-
cruals
Co.,
Mitchell,
112,368
47,238
r
tax
reserve
126,997
several
25,000
25,000
Lemon
Witter &
Auchincloss,
E.
9,447
the
25,030
1
&
Johnston,
382,316
11,936,783
182,267
11,553
surtax
and
of
names
Co
&
Sutro
1945—Month—1944 K 1945—12 Mos.—1944
$416,800
$411,794
$5,020,001
$4,909,012
206,443
185,228
2,426,852
2,220,654
26,805
24,794
339,006
255,475
25,866
28,244
325,781
338,830
taxes
normal
had received
Sunbeam
Outstanding
1,250,000 shs.
par)_
Brothers
Central
Maintenance
Authorized .V
-
Shares
Eberstadt
First
revenues
'<
i
Name—
F.
Savannah Electric & Power Co.—Earnings—
Operating
Operation
($5
Lehman
140.
Period End. April 30—
stock
•
numbers of shares, to be purchased
follows:.
as
the
capitalization
as
of
the consummation
'
193,774,173 182,748,939
Total
e—V, 162, p.
the
follows:
as
was
Underwriters—The
4,875,605
2,573,451
23,086,568 ' 17,202,145
!
(unappropriated)
acquire
to
plan
aggregate
are
593,955
254,023
10,056,493
189,370
___
interest in default-—______
deferred
1,304,732
projects——
defense
unadjusted accounts
Matured
such
Accordingly,
Co.
1945, adjusted to reflect as of that date
plan,
Common
21,607,697
11,033,921
25,901,063
11,812,764
—
Accrued
Other
,.147,319
96,611
237,987
accrued
such
of
consummation
Manufacturing
31,
>'
37,057
146,104
9,674
247,503
79,638
___\->
Unmatured rents accrued
Tax
2,118,684
808,176
;
wages
Interest matured unpaid
Miscellaneous accounts
March
$146 314;
•
t
held for
employees, etc.,
$34,047; accounts payable, $69,426; reserves for
contingencies, includ-'
ing statutory reserves of Colombian companies. $754,824;
reserve for*'
foreign exchange .fluctuation's.,' $33,52.4:, minority .interest ?in
capital:•"
stock
and
surplus of "subsidiary companies,
book
value.
$568,545; '
capital stock ($1 par), $1,810,000: consolidated
capital 'surplus, $7,822;
consolidated
earned
surplus,. .$2,561,155;. total, $5,985,656.—V.
161,
p.
I8ii.;:
.
■
/..
wages
...;. ..\
•
on
^
^
Southern Ry.—Gross
-
Earnings—
9 Devs End. June 30
V
Gross
—V.
-■
:
'
.
earnings—
162, p. 53.
;
"
1945
$8,538,301
1944
r
.
T
"s
v
.;
—Jan. 1 to June 30—
1945 '
1944
$8,464,701 $176,761,323
$171,180,898
,
Operating
revenues
Uncollectible oper.
—
rev.-
tOf
by
2,549,783
7,337,214
2,312,688
37,530,719
13,285,380
Operating taxes
$1,313,151
1,029,742
Net
income
Operating
Net
$1,323,652
1,026,512
$6,797,016
5,189,419
$6,535,083
4,882,586
income
_
162, P. 52.
—V.
•
——-
K';>r
1
.
output
2,013,000
■
corresponding week last year,
Prov.
Dividend—
of
"The
30.
of
stock
mon
19,799
plan ten shares of such new
cumulative
$37.50
It
■
to
is
f
Bank
of
Consolidated
of
as
Nov.
30,
1944
amounted
the
Exploration
Profit
Other
Income
/
•/.>'
1943
>
.
V.
the
63,756,732
57,513,575
2,989,143
6,436,327
66,745,874
63,949,<>02
2,277,878
1,233.542
for
16,000,000
& 5,000,000
18,600,000
—
tax—_____
—
contingencies—
8,000,000
<;
'
26,007,906
162, p. 53.
26,007,906
$2.78
of
-
■
"
Co.)
'
Subsidiary Companies:
-
y
•.-
■^
'
Operating revenues—
Electric
•<■
«
$24,117,807 $23,679,366 $93,322,727 $91,335,723
7,293,860
6,919,988
22,327,570
22,247,559
-
.*
misc.
.Other
-
-
.
-*
—
Gas
.
'
services.
793,499
2,107,349
2,288,295
723,721
$32,205,166 $31,323,075$! 17,938,592$115,690,622
Total
—
repairs
for retirement,
deprec. & depl. res...
1,647,232
1,604,657
7,112,091
6,678,033
3,455,269
3,381,180
13,450,092
13,283,437
2,037,566
1,991,767
7,838,034
8,054,810
tOperation
and
Malnt.
10,880,523
41,135,355
40,495,877
11,073,627
Approp.
(other
Taxes
&
prof,
excess
inc.
than
taxes)
for¬
Prov. for State and
taxes—
for Fed.
Prov.
265,471
275,278
1,134,216
1,147,940
1,606,909
1,771,310
6,603,729
8,001,612
2,481,082
income
eign
Prov.
2,063,948
9,261,611
6,329,119
•
for Federal excess
profits
inc. taxes
taxes
$15,212,729;
deferred
fixed
charges,
,
be
9
assured
reduction
no
-
employees
1,300
in
total
of
personnel
be
and
able
fear
to
he
years,"
rates
wage
of
post-war
a
depression.
give such security assurances over
his employees, "but such state¬
made."
The company has a normal
told
be
161,
2794.
p.
has
company
order
on
Sheet,
Dec.
assets
(less
$5,493,191;
reserves),
prepaid
a
to
1
be
delivered
next
company's
400
of
which
'<
rolling stock.
resources
second
The balance will
;
will
Some
the
Despite
directors
the
adjustment
issue
the
be
will
order
soon
made
will
position,
increase
bonds.
at
in
it
is
Yonkers,
trolley
that
payments
payments
annual
lines.
doubtful
interest
Interest
2V2%
a
bus routes in
new
replace present
cash
an
mortgage
being
are
only
rate,
or
on
this
on
50%
of
requirement.
Cash
resources
further
expected
are
retirement
Street
of 'first
Journal.")
and
be
applied
refunding
for
the
time
being to
bonds. ("Wall
mortgage
■'?:
Fischman
O.
to
;
New General Counsel
Louis H.
etc.
balance
but
-
favorable
income
currently
the
about $4,000,000,
on. the $6,220,000 cost of the
paid off in from five to seven
be
others
and
new
company's
the
and
quarter
total
now
management is also negotiating for
Y.
and
{general), $29,249,154; accrued
interest on funded debt, $332,884 Federal taxes on income for 1944
(estimated), $12,329,000; other accrued taxes payable, $8,665,293; de- '
ferred credits, $1,309,842; liability to annuitants not included in com¬
pany's annuity plan
(estimated), $2,557,000;
serial notes (due in
equal annual amounts from Aug. 1, 1946 to 1955, incl.), $15,000,000,
2%% debentures, due Aug. 1, 1966, $25,000,000; general insurance re¬
serve,
$15,242,478;
reserve
for
employees' benefits, 82,060 000; 1 re¬
serve
for
contingencies
(general),
$13,000,000; reserve for contin¬
gencies, prior years' Federal income taxes, etc., $8,093,850;
capital
stock, no par value (issued 13,003,953 shares, stated value $25 per
share), $325,098,825; capital surplus, $166,679,359; earned surplus (of
this sum $28,614,820 was carried forward from predecessor company),
$94,192,295; total, $718,869,980—V. 162, p. 53.
:
the
in
year.
cash
small_down payment will be made
new
total, $718,869,980.
payable,
Order, Etc.—
buses,
a
July
The
$466,865,826;
diesel
new
100
1944
31,
435
another
inventories,
Liabilities—Accounts
July
Delivery
$46,436,631; long-term account and
notes
receivable
(less reserve), $3,662,931; post-war refund of Fed¬
eral excess profits
tax (estimated), $417,000; securities of and ad¬
vances
to companies operating in foreign countries, $53,965,752;
se¬
curities of and advances to companies operating in the United States,
1945—12 Mos.—1*1944
1945—3 Mos.—'»1944
Period End. Mar. 31—
■
Philadelphia
to
of
years.
Balance
$30,523,808;
$3,405,357;
chargo
HI IIHMMMM,
capacity of 44 passengers and the remainder 36 passengers.
of 100 buses is expected in the first quarter of 1946, with
$2.35
U. S. Government securities (including
$5,144,000 in
tax
notes),
at cost, $48,843,000; accounts receivable
(U. S. Government),"$25,857,568; accounts and notes receivable, trade
(less reserve), $18,186,187; other accounts and notes receivable (less
reserve),
would
reconversion
like
period
will have
30,558,547
19,505,929
$3.34
Consolidated
including Southern Colorado Power Co. and Pittsburgh Railways
Co. and subsidiaries and other street railway subsidiaries
in
<4 '
Third Avenue Transit Corp.—Buses on
N.
v'
would
longer
about
36,116,060
share
per
Vice-President
a
2152.
on
basic
could not in honesty
peacetime staff of 1,200—V.
——
43,467,997
i_.
Dividends
Earnings
there
the
ments
42,528,133
1,219,616
10,750,000
__
—
profit
President,
in
or
industrial
"We
a
3,949,367
—
Assets—Cash,
(Not
appointed
p.
38,578,796
'
plant
The
(& Subs.)—Earnings—
been
161,
Co.—Wage Rates Guaranteed—
Schluter,
company that
from
_
—
income
Provision
$0.55
791,685
during the next 18 months,
according to an Associated Press dispatch from Trenton, N. J.
Mr. Schluter said he was making the guarantee because the
period
would be one of increasing "Job unrest" among war workers
resulting
'Q\
1942
;
:•
of
to
/
has
E.
This
that
Standard Gas & Electric Co.
MacDonald
sales division.—V.
Thermoid
—
income
30,999
$0.64
839,115
(^
Statement
$
deductions
Federal
stocks
common
issue was awarded July 11 on a bid of 98.6399.
only other bid, 98.669 was for a 4% issue, made
jointly by Morgan, Stanley & Co. and Kuhn Loeb & Co.
—V. 162, p. 175.
.
of New York has been ap¬
preferred stock, no par value.
1944
_——
Total
Other
36,325
The
income—
328,778,982 289,728 691 238,359,051
and general taxes— 208,815,066 190,218,103 163,859,755
depletion & amort—
40,745,841
34,880,175
24,135,020
exps, & develop, cost.
15,461,343
7,116.837
6,785,479
income
20,745
■
'
The
expense
Depreciation,
20,745
?
——
City
'
operating
Cost,
Net
beginning with the quarter ending Sept. 30, 1945.—V.
stock
43,940
$51,744
mortgage
3"%% bonds, series E, due 1985 at 100% and interest.
'■ v.
.
Years Ended Dec. 3.1—
dividends on the new common stock which is
under the plan will be paid on a quarterly basis,
expected
distributed
be
Arrearages
year.
share.
per
.
Standard Oil Co. of California—Annual Report—
,
this
R.
the
Fred
Gross
50,02,7
$57,070
,
Texas & Pacific Ry.—Bonds Offered—A
banking syn¬
dicate headed by Halsey, Stuart & Co., Inc. on July 12
offered
$39,000,000 general and refunding
6 Months
$29,997,792
with 1944 sales is submitted because only mail order
1944—V. 161, p. 2666.
National
'
$95,692'
■t;
reported in
,,
844
$107,096
—^
—
161, p. 2339.
this
28, 1945.
This is the final dividend prior to reclassification
of the preferred stock, into the new common stock.
Distributions of
$1.25 each on account of accumulations were made on March 15 and
15,
of
$1,659,401
$1,871,420
and
June
June
$104,295
registrar of the $4 cumulative
See offering in V. 162, p. 174.
stock
common
income
$94,840
B99
Talon, Inc.—New Vice-President—
1,763
(E. R.) Squibb & Sons—Registrar Appointed—
month paid a dividend of 40 cents per share on
preferred stock, par $100, to holders of record
this
company
7%
41,524
$217,718
Chase
$106,196
.
79,724
43,889
1—
■
,
The
79,313
6,886
figures include mail order and retail sales of Spiegel, Inc. and
were
The
stockholders will be held in May
of 1946.
It is necessary under the plan of recapitalization, however,
to hold a special meeting of the stockholders within a period of 100
days after June 30, 1945 for the purpose of electing the initial board
of directors of the company following its recapitalization."
the
19,917
9,788
pointed
meeting of the
annual
next
"The
—V.
income
—————
Earns, per share on cl. A and
Number of vehicles
&
int.-
on
No comparison
sales
amendment to the certificate of incorpora¬
required under the plan,*, was filed.
By such
cumulative preferred stock and class A com¬
reclassified into shares of new common stock of no
accumulated
all
disc.
—
——...
161, p. 1583-
These
old 7% cumulative preferred
unpaid dividends thereon, and onefifth share of the new common
stock will be distributed for each
share
of the old class A common stock.
Scrip certificates will be
Issued representing interest in fractional shares.
The printing of the
certificates for the new common stock has not been completed, but
It is expected that such certificates will be available for distribution
approximately Aug. 1, 1945.
'
'
and
3,552,020
subsidiaries.
distributed for each share of the
be
stock
$5,334,432
3,541,398
the
1945
Under the
value.
par
will
the carrying out of the
supplemental order was entered in the
old 7%
were
$5,536,020
887,921
10,360-
plan—2,359
on preferred stock
Earnings avail, for 56,184 shares of class A and
Spiegel, Inc.—June Sales—
company,:
tne
$1,019,019
884,967
28,744
10,188
profit
Dividends paid
60,000
16,993
26,438
-v,
L*.;
Net
56,048
80,000
Period Ended June 30—Month
Consolidated net sales..—
$4,628,345
;
30,
the
amendment
57,607
>
1945.
June
"On
tion
9,295
13,000
interest
Net
proceedings on June 26, 1945.
Such order, among
provided that the effective date of the plan should be
things,
other
June
9,150
$1,132,272
debt
19,925
Federal and State income taxes accrued.-
1'..<
298,996
105,428
18,000
tax
debt—
assumed
-V.
of Appeals.
connection a
that
■'
90,552
301,721
u"y
__
Total
47,071
33,827
income
profit-sharing
income
G.
Court
District
/v..
1
expense
therefore proceeding with
is
company
In
plan.
of
Other
Court
Circuit Court
the
28,760
.
income
Taxes
the preferred shareholders were advised
of Appeals for the Tenth Circuit had
1945,
June,
Circuit
S.
inc.
funded
on
Amort,
that the
affirmed
the decision of the U. S. District Court for the District of Colorado
approving the plan of recapitalization of the company which had
previously received the approval of the Securities and Exchange Com¬
mission, and that the U, S. Supreme Court had denied a petition
filed by the plaintiff in that
case asking it to review the decision
"In
Fed.
for
Gross
Clark, President, states in substance:
N.
W.
U.
70,149
26,556
1
Profit
Other
$5,854,904
$6,065,900
admin.
&
——————
Employees'
25,142
30,393
expenses——.
costs amortized
common
Int.
Recapitalization—Pays Final Preferred
68,651
1945—12 Mos—1944
$5,698,842
$5,452,792
365,710
401,809
1,348
303
$1,140,223
—i'.;.
(other than inc.)
Taxes
decrease of 3.9%
a
fiscal
exps.
182
Legal service
30, 1945,
for the
-
588
-
Total
Corp.,
as
88,500
$1,039,831
100,210
$1,254,629
interest
Misc.
of this company for the week ended June
kwh., as compared with 2,095,000 kwh.
Electric output
totaled
1945—3 Mos.—1944
$1,165,541
cos._
assoc.
general
bonds;
on
Financing
$256,985
—l.———47,027
and
Taxes other than
Interest
1944
$270,566
28,039
__
maintenance--^-----------,—;
Administrative
Income—(Standard Gas & Electric Co, Only)
from others
DiVS.
company
1,931,000 kwh.,
corresponding week last
totaled
from
_
and
Depreciation
reserve
of
1945
tolls
Operating
income
on
Period End. Mar. 31—
■
.
representing amounts equal to esti¬
resulting from bond refunding
expense
companies.
subsidiary
Divs.
for the week ended July 7, 1945,
compared with 1,950,000 kwh. for the
year, a decrease of 1.0^;i'/'-••<•:?
the
of
,
and
taxes
in
Statement
Co.—Weekly Output—
Southern Colorado Power
Electric
••
reduction
§To
36,329,002
11,352,079
7,637,949
Operating expenses
discount
debt
Income
for payments made by Philadelphia Co. under guarantees
and not returned to Philadelphia Co. and subsidiaries consolidated.
$11,500,883 $10,973,554 $57,613,115 $54,216,164
Operating revenues
6 Months Ended June 30—
etc.
leaseholds,
mated
Tacony-Palmyra Bridge Co.—Earnings—
electric
tlncluding
1945—Month—1944
1945—5 Mos.—1944
$11,520,333 $10,996,774 $57,716,590 $54,331,214
19,450
23,220
103,475
115,050
period Ended May 31—
subsequently but which are applicable to these periods,
power and
gas purchased
and amortization of
ments recorded
Tel. Co.—Earnings-
Southern Bell Tel. &
289
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4403
Volume 162
has
Appointed—
been
appointed General
Counsel,
succeeding Alfred T. Davison, resigned.
Addison
been appointed General Attorney—V. 162, p. *53.'
Aug.
1,
has
effective
B,
Scovillc
Thompson-Starrett Co.; Inc. (& Subs.)—Ann. Reportcomparative Income Statement for Fiscal Years Ended April 30
1945
Work
Cost
executed
work
of
Construct,
2,413,330
and
1943
1942
,
34,373,323
17,662,030
$3,922,519
3,801,664
$120,855
profit and
fees earned
Oper,
1944
$2,435,232 $17,666,750 $34,954,633
executed-
"
;
$21,902
$4,720
$581,310
277,800
259,188
195,580
*$306,373
exps.
328,275
*$273,080
$322,122
♦$74,731
55,680
98,614
76,110
$217,400
gen.
$420,736
:y:y
'
Net
income
Other
of
debt
debt
343,099
268,543
191,356
825,536
244,145
917,872
,
$5,437,613 $16,712,592 $17,842,191
2,003,316
1,999,170
8,025,704
8,121,800
111,273
164,135
167,474
460,530
$2,114,589.
of
Other
inc.
inc.
of
of
from
Divs.
from
Co.:
$8,193,178
$8,582,310
$8,519,414
$9,259,881
53,090
212,541
Mellon
(N. J.)—Secondary Offerings—The
Co.
other
54,787 shares of Standard Oil Co. of New Jersey at
$62 % per share.
Concessions to dealers on the offer¬
were
—V.
161,
35 cents, 50 cents and 70 cents,
2598.
p.
respectively.
:
Offering—Smith, Barney & Co.
offered as a secondary distribution July 10 and quickly
sold 40,000 shares of common stock (par $25) at $33%
a share, with a concession of 60 cents a share to NASD
100,210
•365,710
401,809
members.—V. 161, p. 608.
53,180
cos—
88,500
::
—
\
589.
182
$3,489,841
$3,427,790
1,348
$9,874,354
Expenses and taxes of
Stand.
G.
fiscal
expenses
&
&
70,149
301,721
298,996
service
Taxes
"other
26,556
—~__
than
-
28,760
90,552
105,428
9,295
y
57,607
56,048
inc.
'
taxes"
9,150
—
U.
S.
declared a quarterly dividend of 40 cents per,
currency), payable Sept. 1 to stockholders of record
have
dividends of
Previously, the company paid regular quarterly
each on the stock.
to shareholders
for Fed.
Consol.
Inc.
chgs.
Gas
Int.
on
Amort.
&
18,000
13,000
80,000
$3,306,586
$8,569,133
$9,353,882
of
Stand.
Elec.
of
887,921
3,541,398
3,552,020
19,799
19,917
79,313
79,724
int..
9,788
6,886
43,889
41,524
income—
$2,452,930
$2,391,862
$4,904,533
$5,678,851
disc.
8c
Other interest
net
on
;
1,763
Vice-President.
First of the
late
the
this
by
tri-motor
For
comparative
faster
and
12
therefore, the figures for the
three months
give
effect
to
adjust-
summer,
$3.50
stock
common
express
of
airliners
will
be
used
to
cargo service to
added, replacing
carry
passengers,
and air freight, he added, pointing out that this would enable
more
frequent schedules both locally and internationally.
has
services
recently
acquired
several
other
airplanes
Douglas DC3's and four Lockheed
in Latin America—V. 161, p. 2339-.
21-passenger
including
10's for
investments,
$449,-
*
'
stock
preference
(584,945 shares
deficit
(63,896 shares^ no par), $1,397,725?
no par), $584,945; paid-in surplus, $1,from operations, $1,451,754; total, $1—
(The) Trane Co.—Extra Dividend—Sales, Etc.—
directors- on
share and
stock,
common
July
of
20
extra
an
dividend
both
$2,
Distributions
1.
declared
7
quarterly
a
par
of
payable
25
Aug.
cents each
15, last.
May
record
Aug.
;
,
five
on
Feb.
on
the
'
share
cents
15
and
r'";
/.
payable Sept.
6%
pre¬
1 to holders
p
for.First Five Months
Five Months Ended May 31—
Net
made
■
per
of
share on the
holders of record
per
to
20.
Results
--
sales
Gross
dividend
cents
15
were
.
regular quarterly dividend of $1.50
ferred stock, par $100, was also declared,
The
:
:
profit before
was
$628,835
income
of Year
>>•'...',i
1944
1945
—$4,409,156
$3,071,779
905,719
467,516
taxes-—
=
use
also
announced
to $2,603,198
on
that
net
working
May 31, 1945,
1 existed
to current liabilities of 3.34 to
and
on
was increased by
ratio of current assets
capital
a
that date—V. 161, p. 1812.;
Transcontinental & Western Air, Inc.—Further Develn
opment of Its Domestic Routes Announced—
is
the
and
coast
At
the
TWA
to
its
same
resumed
New
stop transcontinental air
York
was
time,
service
in
a
to
Stratoliner schedules will enable the airlino
Angeles-New York route in 14 hours and
Traffic Vice-Pres'dent, said stops will be
only at Albuquerque, Kansas City and Chicago.
Eliminating one stop on
the
to
fly
its
25
minues.
made
further development of its domest-c routes
Philadelphia and added Terre Haute, Ind.
system.
four
on
;:
service betwee*
inaugurated on July 1 by thi»
revision of the operations pattern of its fleet of five
announced that three
west
corporation in. a
four-engine Stratoliners.
and
TACA
$1,862;
exxpenses,
161, p. 2794.
811,945—V.
It
Lodestar airliners is expected to be put into service
according to Mr. Lockhart, with the remainder
Lodestar
prepaid
':;:vyi.'..:
eight
Fords.
other
The
;:-T.
1945
pavahle
accumulated
170,820;
Lockheed
international routes
Lockhart, Executive
Two of the planes will be used in
and La Luz mines in Nicaragua, he
April 30,
(mainlv subcontractor"). $28,211; ac¬
crued taxes, $10,998; reserves for claims for personal injuries (instal¬
ments due afer April,
1946 calculated to be approximately $65,000),
*
new
fall.
Neptune
•In Sept., 1944, Louisville Gas & Electric Co.
(Del.) disposed of its
investments in Madison Light <fc Power Co., and as a result the latter
company ceased
to be an affiliate of Standard Gas & Electric Co.
purposes,
corporation has just announced the acquisition
modern airliners.
These airplanes, 14-passenger
will be used in Latin America and on
Mexico City and Miami, according to John M.
ready
months ended March 31, 1944, as above, reflect the elimination
of the accounts of Madison Light & Power Co.
The figures for the
aforesaid periods have been further revised to
S.A.—Acquires Additional Airliners—
Lodestars,
to
—;
assumed
Consol,
additional
884,967
debt
The
.
Co.:
debt-
.
Liabilities—Accounts
It
TACA Airways,
of
as
,
60,000
$3,367,484
inc.
funded
expense
Taxes
tax.
income—
net
ft 157.005;
litigation,
of
951;' total, $1,811,945.
of
.
Prov.
Sheet
\
$78,911; marketable securities—at cost, less reserve of $13,853 to reduco
to market value, $256,453; account receivable, non-current—in process
letter
a
$1,385
y;,^
^
in banks and on hand, $808,508; accounts receivable,
miscellaneous accounts receivable and accrued interest, $!,unbilled costs and related fixed fees under completed contracts,
The
S.A.C.—Reduces Dividend—
J
Assets—Cash
.
explaining the action of the directors,
Joseph O. Hanson, President, states that it was caused by unsettled
labor conditions and non-completion of the new meat contract between
Britain on the one hand and Argentina, Brazil and Uruguay1 on tne
other.-—V. 160, p. 2115.
y
In
,*■ 68,651
'
Legal
%
■
$57,288;
877;
Aug.
directors
(in
share
Aug. 15.
50 cents
E. Co.:
admin.
— ——
.
Swift International Co.,
303
$9,099,013
y
133,229
(net)
Consolidated Balance
per
The
Total
Corp.,
•Loss.
Securities
212,361
,
cosi-
assoc.
interest
Misc.
$2,163,305
$3,347,572 '• $3,274,308
subs.
Stand.
Gas & Elec.
Divs.
income
$71,000;
-Uw
Total
Bal.
income
profit-
-f—:
Oil
Standard
ings
stocks
operating
Other
(N. J.) below.—V. 162, p. 174.
Swift Co.—Secondary
I
Net
Net
undistr.
—
Secondary Offering—See
and
155,110
886,959
251,037
in
—
820,008
22,611
1,099,469
211,393
public——.
int.
(Ind.)
740,405
243,000
27,310
518,749
••
income
net
243,000
.
$5,462,161
by
Co.
Corp. offered as secondary distribu¬
tions July 11 blocks of common stocks of three Standard
Oil companies. The offerings consisted of 50,000 shares
of Socony-Vacuum Oil Co., Inc. at $16 per share; 29,000
shares of Standard Oil Co. of Indiana at $37"% per share,
1,469,255
re¬
misc.
capital
on
-held
Minor,
796,721
Oil
Standard Oil Co.
8,971,338
1,399,383
995,993
assets-
=-
571,528
8,806,899
361,373
Cr2,276
_' *:
Balance
Divs.
2,222,713
&
of
amort.
V
-
2,149,639
interest—net
valuation
623,109
Standard
$9,246,259 $30,780,355 $31,128,266
disct.,
^Appropriations 1
Approp. to res. for
Sundry
108,150
$9,480,347
exp.—net-*.
amortization.^,
^Special
Other
157,663
Dr)
&
prems.
$9,354,409 $31,403,464 $31,699,794
$9,638,010
—'
funded
on
Amort,
*
(net
income
Gross
Int.
income—-
oper,
2,521
E.
mile Los
Cocke,
O.
290
will
TWA
of the
decision of the Civil Aeronautics Board, which recently
corporation routes from the United States to 20 foreign
the
this
Prye, President, declared that the new route will place
important cities in the United States in the advantageous
of being ports i'on the ocean of the air".
He cited the
advantages of
direct, single-carrier service to other countries for
those cities served by TWA on its domestic routes.
The decision certificates TWA to operate from New York and other
United -States terminals through 16 foreign countries with stops
at
Newfoundland, Foynes, Paris, Berne, Rome, Athens, Cairo, Jerusalem,
Jack
cities,
many
position
(Saudi-Arabia), and Bombay, and over the southern
Madrid, Algiers, Tunis, Tripoli, Bengasi and Cairo,
and Madrid to Rome, where it will ■ connect with
Basra, "Dhahran
route to Lisbon,
Lisbon
via
also
and
Liabilities—Accounts
interest
& Buffalo Ry.—Annual Report—
Toronto, Hamilton
1944
1943
$4,076,226
2,113,856
1,169,588
$3,597,162
1,944,856
874,656
operating income——_
Equipment rents (net)..
j..
Joint facility rents, net credit
$844,147
$792,782
$777,650
operating income—
$919,957
operating expenses———
Railway tax accruals
—*
Railway
Railway
$973,035
Deductions
from
Investments
investments..
cash
car-service
and
Net." bal.
from
receiv.
receivable
Other
current
409,450
315,157
145,758
152,263
565,917
543,014
543,810
5,973
3,534
11,619
26,738
26,738
26,031
assets
386
173
681
302,645
154,337
14,893
——
——:
—-
54,617
140,674
71,216
——
S
Total
$23,080,567 $22,718,491 $22,095,479
Liabilities-
Capital stock
$5,415,000
matured
Accrued
446,343
4,872.000
506,921
117,036
5,615
3,525
3,529
11,253
10,838
9,375
45,100
45,100
45,100
262,477
50,927
605,061
468,453
accrued—_—
56,778 ?
69,801
10,805
11,120
12,184
2,240,628
2,013,920
1,794,744
461,807
461,807
9,082,687
—
8,659,963
8,307,324
—_—.
...
.>XV 'Xx ■
the plan as
respects
first
months of 1945
six
Brothers Co.
as
are
The
—
See
Virginia has denied the application
of
of Warren Brothers Co:, for a writ
of mandamus compelling the company to seat as a director Hubert
F. Young, President of Fidel Association of New York, an investment
trust.
Mr.
Young
was
the
choice of
Mr.
Rubinstein to
fill the
vacancy on the board
created by the death of Ralph L. Warren.
The
call for the annual meeting of stockholders early last winter
Net
did
this particular
last resort for
of
not
If
Hubert
F.
Rubinstein
Mr.
-V.
$23,080,567 $22,718,491 $22,095,479
—
160, p. 231.
Union Oil Co. of California—Calls Entire Issue of 3%
outstanding
redemption on Aug. 1, 1945, for the
interest. Payment will be made at the
Security-First
Bank of Los Angeles,
trustee, Sixth and
Spring Streets, Los Angeles, Calif., or at the office of Dillon, Read
& Co., 28 Nassau St., New York, N. Y.
sinking
amount
of
Holders
them
at
to
called
for
1945.—V. 162, p.
15,
Aug.
receive the full
time and
Aug.
for
and
debentures
the
any
interest
called
at 103Va.
National
fund)
15,
1945,
surrender
may
accrued
redemption price, plus
for
preference
Power
&
Light
Co.
common
stock
in
cash * under
and
for
exchange
Delaware.
voluntary
the
ex¬
change offer which was terminated on July 3.
Holdings
the
of
Delaware
exchange of
permit
151,655
stockholders
Preference
be
Interest
stock by United Corp.
of Its preference shares.
sufficient to
are
United States Foil Co.—To Pay 25-Cent Dividend—
$1
par
of
record
declared
have
directors
class A
value
July
and
class
of
stocks,
B
cents
25
payable
each
A
amount
July
14
to
Operating
revenues
expenses.
each
class
of
taxes
Other
——
taxes
Prop, retir. res. approp.
Net
Co.—Earnings
Other
24 Weeks Ended June 16—
•Net
1945
profit
Earnings
"After
V.
1944
per
.$130,593
$320,511
240,000
240,000
240,000
$0.60
$0.54
$1,34
.....
■
share
Charges
and
Federal
income
and
161, p. 2269.
excess
profits
taxes.—
I.*!.lotilatiij&i£!23l
X.XXV
(The) Wacker-Wabash Corp. (The Pure Oil Building),
Chicago—Interest—Annual
The "net
income",
Int.
on
470,015
•
,
Other lint.
Int.
cngd.
Misc.
&
/
to
Dividends
$282,531
29,045
bonds.—
64,167
64,167
deducts..
20,723
12,547
_——
$3,764,846
770,000
139,283
CrG66
300,000
162, p.
1944,
31,
six
and
interest
of
VA%
months period ended April
Statement
of
Income for
30,
was
paid
on
July
1,
1945
for
1945.
$191,913
Net
the Year Ended April
Total
Six Months Ended—
Total
Oct. 31,'44
income——_
$281,564
excl. of deprec...
Provision for depreciation.__.__—
April 30,'45'
$316,834
192,446
72,853
operating
Total oper.
exp.,
"Net oDerp^ng
income
$16,265
215,146
—•v.
■
$209,087
622,518
$598 399
407,592
72,854
145^707
$28,834
$45,100
Adj. of prior-year real est. taxes,
on
Cr509
investments.—
Crl0,583
Crll,093
Cr 1,361
Cr 1,361
8,493
8,247
-—
—
Special
1,594
5%
Net
note.....
assessments
mortgage
—
income
bonds—
loss
—
Balance
1,594
3,189
49,181
67,185
116,366
$42,494
$36,247
1945
Assets—Cash, $98,308; accounts receivable (after reserve for losses of
$10,257; inventories of maintenance supplies, etc., at cost,
$4,116; U, S. Treasury certificates, due Feb. 1, 1946 (at cost), $40,000;
Other income
Total
income
&
State
—
of
Net profit
Preferred dividends
Surplus
,
Fed.
Prior
>
i
tx
buildlng'for thlit
for the "dedusting"£.
lobby
-
Net
"After
317,317
217,714
$1,179,227;
$5,418,232
$5,297,455
137,820
3,394,000
,
income
$2,338,950
$1;
583,129
583,129
$1.52
$1.67
Sheet,
June 2,
$2.51
charged
;
1944
$6,574,902
off....
;
270,274
234,427
______
8,600,000
499,897
stk.
1943
$6,629,881 $13,231,307;
280,848
taxes-
4,333,056
(net)
4,383,861
2,853,613
Dr35,339
of excise
225,077
X $1,559,604
the year
$1,788,314
$1,507,927-'
492,464
492,464
492,464:
$3.17
paid—_i———1
common
$3.63
$3.06*
share-..,.—i.
price
X
•
>•.•>
depdsit and
on
30,
' X; *
'
'
1945
D. S. Government
hand, $2,582,664;
on
at cost,
$6,099,315;
expenditures
(net)
'
"
,
Consolidated, Balance Sheet, April
inventories^*
receivables,
$4,203,321;
relating
Government'
other
to
asset?,
patent .less, amortization^
$8,a00;. trademark
eluding goodwill from consolidation),
and
goodwill
(in*
$1,719,728;. total, $25,047,893.'
,:
trade creditors, $1,737,898; cus¬
tomers'
unapplied
credits, .$1,534,168;
advances
on
war
contracts;
$141,342; sundry payables, $71,580; accrued wages and compensation^
876,300
437,347
$1,025,603
583,129
/'
XXXv;>>'/;
contracts;.
$843,056;. deferred * charges, .$98,259;
fixed
assets (after reserves for depreciation and amortization of
$1,163,778),
$1,958,431: radio and television broadcasting stations (nominal value),
$1,531,088
$452,288
-
v.V
Cr37,G45
Assets—Cash
,
$540,327
-
$11,294,235 $10,067,86lt$15,152,904
4,719,333.
3,437,979
1,921,597
applicable, thereto.
.
$8,340,468
$2,432,141
104,518
190,406
5,897,000,
710,647
8 76,000
advertising-.J:
cap.
deducting
582,041
437,347
/?
-.'X
•''"•A#
301,497
for
per
securities,
$6,355,091;
437,347
1945—6 Mos.—1944
1945
sales...
adjust,
profit
639,125
876,000
t'X'-1-
April 30—
dividend
Earnings
$2,214,427
$1,765,635
1945—Month—1944
etc.'
685,780
3,363,000
55.}
reductions, excise taxes, royalties and cost
of sales,
tlncludes $6,995,142 voluntary refunds and price reductions
made prior to renegotiation.
4For prior year after Federal taxes on
Liabilities-—V.
T.
loan,
$4,500,000;
$1,271,546;
reserve
for
renegotiation
and .taxes
on
income,
less
$4,428,320; U. 8. tax notes, series C, $3,596,183; other accruals, includ-X
ing royalties, property and exeise taxes, etc., $373,030; capital stock
$217,441
583,129
$1.12
(500,000 shares,'no
par),
$3,609,910; earned surplus, $8,212,237;
total,
T
$25,047,893.
1945
hand, $5,982,205; U. S. Government
(including accrued interest), $2,020,056; accounts and notes
less reserves, $7,071,503; inventories, $22,846,998; loans to
and others, secured, less reserves, $1,883,388; cash surrendei
securities
i
$38,411,110 $35,164,061$214,355,677$203,926,897'
expense
$8,086,856
253,612
banks and
entrance
•..x'-\v
amoi*t.
years'
taxes,
.
in
an¬
were
'
,
week last year, an increase of 3.5%.—V. 162, p.
taxes and
inc.
$4,980,138
Consolidated Balance
Assets—Cash
'
*
windowless ampul
$500,000
profit^XxXXiii:/!.;
Operating
Deprec. and
760,160
876,000
stk. (no par)
Earnings per share
Shrs. com.
.r"
~
Renegotiation settlement
$4,836,191
437,347
...
previously
X
.
V
•
"••/. VA"'V v:-T•.x
from
May 30, '42
$62,851,887
59,998,335
$1,853,674
Common dividends
Luxembourg
t
new
a
Oper. expenses, incl.
88,026,996
201,558
taxes.
may :
161, p. 2599.
87,862,969
740,202
'•
Interest—
Federal
$78,741
Sheet, April 80,
$1,371),
-
and
t4
(Including Its Wholly-Owned Subsidiaries) :"X
$1,933,711
June 2, '45 June 3, '44 May 29, '43
97,529,585
amortization
com-;
Messages
Zenith Radio Corp.—Annual Report—
16,740
Interest expense on—
mortgage
&
Operating profit
international
output of
> Years Ended
.
.
First
Deprec.
of
Poland.
and
2%% bonds due 1970 to a small group of purchasers,according to Frank Purnell, president.~~V. 161, p. 2044.'
622,513
$1,997,952
stock-
—
.—$103,125,936 $93,583,309 $96,799,632
—
States
9,187,000
$2,556,229
$2,620,470
for Year
Other deductions or income;
Interest
sales
balance
a
Youngstown Sheet & Tube Co.—Bonds Placed Private-!
ly—The company has sold $30,000,000 first mortgage,
Snowdrift Co., Inc.—Earnings—
Cost Of sales & expense
30, 1945
and
taxes,
X
2795.
______
—V.
•
Wesson Oil &
their
Reaving
$758,794,
(F. W.) Woohvorth Co.—June Sales Up 9.2%—
176.
9 Months Ended—
of
payment
to
resumption
United
Holland
Period End. June 30—
-
the
announced
1
Sales
Cash
—V.
for
amounting
the
p.
the corresponding
_
—
companies
the corporation for the week ended July 7, 1945, X
kwh.,
as
compared/with 8,876,000 kwh.X for the
week last year, an increase of 3.5%,;XX'fXXX'/'-''-->>>X
Electric output
of this corporation for the week ended June 30,>
1945, totaled 10,725,000 kwh., as compared with 10,367,000 kwh. for-,
46,190
$3,855,331
770,000
464,861
applicable to preferred
3,011,435
corresponding
$3,718,653
$3,826,286
3,270
Balance
"4,041,758
Wisconsin Public Service Corp.—Weekly Output—
.Electric
totaled
,
$285,801
—
3,917,000
551,366
.
Interest
Balance
6,928.435
2,310,000
It
will
be the
first
unit
in
a
post-war expansion program fori:
Winthrop, which became a wholly-owned subsidiary of Sterling Drug •
Inc., on April 23, Dr. Klumpp said.
Property is available for the
addition of a million square feet of plant space if and when needed/
—V. 161, p. 2599.
■
<
i,
Statement—
before
depreciation as defined by the indenture
of mortgage, was sufficient to pay interest of 2% for the year ended
April 30, 1945, on the outstanding 5%
income bonds.
Interest of
% of 1% was paid on Jan. 1, 1945, for the six months period end'ed
Oct.
161,
$866,860
$873,995
3,272
Ires, of net
6,351,758
417,000
under way at Rensselaer, N. Y.,
to Dr.
Theodore G. Klumpp, President.
He announced
completion is scheduled for this fall.
.
X
•
that
470,015
constr—_
inc.-
mtge.
968,366
648,000
according
■
$276,803
income
has
Denmark,
•
Gross
9,436,249
in
Construction
1943
$144,021
Number of capital shares...
$273,531
revenues—
income
(net).
8,974,987
company, featuring blowers in the
of
all
employees and visitors, is
1945—Month—1944
1945—12 Mos.—1944
$1,087,051 $1,028,400 $13,460,060 $12,948,667
427,908
409,112
5,565,680 > 5,160,364
186,635
138,780
1,725,075
1,758,380
107,390
107,512
1,255,178
1,221,447
91,587
> 90,465
1,087,841- 1,089,820
oper.
1,518,691
1,714,022
lessor
between
only
"Income
Van Norman
2,282,117
Winthrop Chemical Co., Inc.—To Build New Unit—
Washington Water Power Co. (& Subs.)—Earnings—
Federal
1945—5 Mos.—1944
all
"
930,067
~
Operating
Earnings— >/>/>
on
advances
company
sent
nounced.—V.
$1,336,875
$1,344,010
—
161, p. 2599.
holders
was
disbursement
one
the
on
•
Period End. May 31—:
'
176.
p.
1945—Month—1944
income..
certain
to
Norway,
2,086
■——
—
stock
...
the
on
paid on Jan. 3, last.
In 1944
of 30 cents per share was made on April 1 on
stock.—V. 159, p. 1192.
;
9.
like
dividends
preferred
on
•
v
—...—.
.....
Co.—Merger Planned—
162,
$2,266,942
926,071
.-V
•
Balance
—V.
above.—V.
____________
•.
accepting the exchange will receiv a 52.57%
176.
The
Y--'/
vO '
income
Dividends
—
.—
other, deductions.—
and
>•;
f
.
1,493, *
English, French, Spanish and Portuguese and the
use
of code language is permitted.
Business and financial messages '
are
limited to the exchange of information or the ascertainment of
facts.
However, contributions to the support of Polish nationals are
permitted.
Restoration of public communications with Italy, France,
$2,264,85G
$2,270,081
——
income
jm-
were
were
1,066,022
taxes
on
munications
860,373
662,000
$2,280,900
Drl0,819
revenues——
income
Gross
Net
proration of the Delaware stock which they sought to obtain.—V. 162,
p.
856,160
600,940
and excess prof, taxes—
inc.
operating
Other
announced that holders of 281,000 shares of its
tendered their shares
stock
of war
taxes
for Federal
Prov.
Net
The corporation has
chgs. def. because
oper.
Depreciation
General
30
—-
—-
Maintenance
Prov.
June
accounts
extraordinary adjustments of income in April, 1945, applic¬
prior years, principally write-off of unrecoverable advances
.to
The
action.
1945
1944
■)=
$14,137,353 $14,020,967
8,490,099
8,111,867
870,393 ->>989,540
cond.
118,134
234,216
920,727
898,115
31—
—
,
wholesale
of
2667.
Service to Poland—
X
175.
United Corp.—Preference Stock Accepts Offer—
$3
revenues
9/499,000
after extraordinary adjustment of $3,282,964,
Young, should have been seated.
had succeeded in his attempt to seat Hubert F.
12 Months Ended May
Operating
11,270,000
operation *at
in
number
p.
....
taxes
on
Operation
1,975,000
$16,311,662 $16,007,392 $76,689,619 $77,511,615
income, .after
made
,
principal
161,
1945—6 Mos.—1944
$2,235,000 $11,721,000 $10,268,000
outlets
retail
while
income
Fed.
interest
Washington Gas Light Co. (& Subs.)—Earnings—
has called for redemption on Aug. 15, next, all of its
3%
debentures due Aug.
1,
1959
(except $1,100,000
company
1235.
p.
inc., after charges,
able
Debentures for Redemption—
The
five
of
X, "Before
the board, he would have had a bloc of five directors
while not actual numerical control in a board of 12, would
have given him substantial working control.
In such an event, there
would
have
been
increased possibility
of the adoption of certain
extraordinary plans for Warren Brothers Co. which Mr. Rubinstein
has ^unsuccessfully
advanced
from time'to time.*, * ("Boston News
Bureau.")—V. 161, p. 316.'
Young
,i
Weirton,
$4,210,000 $22,991,000 $19,767,000
clfarges
adjourned meeting, the three nominees named In the original call for
the
meeting
were
elected.
At
a
directors' meeting following the
stockholders' meeting, Walter Powers, a Boston attorney, was elected
to fill
the vacancy caused by the death of Ralph L. Warren.
Mr.
Rubinstein challenged the legality of this election, claiming that his
nominee,
its
at
consisting
160,
*
Engineering
$4,430,000
revenues
income
at which Mr. Rubinstein produced his surprise Court
take action on an election of directors, but at an
meeting
order
of
239,
Fed.
call,
Court
the
mill
unit
1945—Month—1944
....
Net
the election of three directors. Subsequent to the issu¬
however, Mr. Warren died.
Mr. Rubinstein put in
an
appearance
at the meeting with a West Virginia Court order
directing the company to elect four directors and not three, thus
precipitating a legal battle which has now been terminated by the
West Virginia Supreme Court, in a strongly worded decision, throwing
out the Rubinstein case.
It is understood that the Supreme Court of
West Virginia, in which State Warren Brothers Co. is incorporated,
The
four-high
"1,945,000 t
Kansas Power Co.
except
which,
Total.
sales
1,453.—V.
Operating
provided for
is
United
light gauge strip steel.—V.
.Period End. May 31—
the
the
reduction
cold
a
Western Union Telegraph Co.
Fight
Directorship
be
Western Light & Telephone
remains
as
(Mass.)
with
order
$2,485,000
at
against
Supreme
of
will
.
number
changed
Court of West
Serge Rubinstein, a director
ance
mill
sales
Combined
the financial statements
available.—V. 162, p. 54.
soon
an
tandem
new
a
The
sales
Gross oper.
The
placed
the rolling of
Wholesale
>.:>.Xx>XX>>Xv XX\'//
unchanged, and
X*
announced
to stockholders
presented
Warren
461,807
.—
Unadjusted credits 1
Appropriated surplus
Earned surplus
$9,632,606 $55,980,452 $57,270,338
.Ended—
129,240
liabilities—
liabilities
Deferred
4,872,000
liability.
tax
current
Other
4,872.000
"
unpaid—X._
interest
Unmatured
$5,415,000
157,688
—
$5,415,000
>464,580
—
Long-term
debt
-Traffic and car-service bals. (Cr)
Audited accts. and wages payable
Miscellaneous accounts payable—
Interest
the
199,752
11,244
275,011
receivable..
Unadjusted debits
174,823
267,841
——
assets
Deferred
for
204,867
supplies...
other
for
Co.
plant.
Steel Co.—Orders New Unit—
Western Auto Supply Co. (Mo.)—June Sales-
R.
be
(300,000
shares,no /par),
Period End. June 30—
year.'
one
will
1942
1943
Vai,
stands for
1945—6 Mos.—1944
has
company
Foundry
W.
Russell,; Chairman of the Board, on July 9'announced
that the plan of recapitalization approved by the directors on June 21,
1945, had been slightly modified to provide chat the coupon rate
on the
new debentures be increased
to 5y2%, and the debentures be
subordinated to indebtedness of the company maturing in less than
In
31
Dec.
and
agents
dividends
Rents
324,900
24,178
receivable..
accounts
and
$1,108,168
324,900
$685,408
...
;
and
Interest
223,201
(Dr)_.
bals.
conductors
Miscellaneous
Material
228,579
12,498
—X
Special deposits
This
&
2599.
p.
stock
(600,000
Weirton (W. Va.)
Retail
xX Paris
Sheet,
$9,777,378
——
1C1.
for
reserve
preferred
stock
,
-V
Ward Baking Co.—Recapitalization Plan Modified— :
$21,380,506 $20,769,089 $20,123,014
219,306
242,686
474,095
—...
Temporary"
$1,331,369
1944
>;.X/.'://,/./
Assets—.
Traffic
Balance
Condensed General
Comparative
s
52,681
$913,987
'
324,900
declared
Dividends
Sales
—V
excess
post-war adjustments, $800,0QQ;
shares, no par); $17,813,036;
$2,753,750;; paid-in surplus,
$3,200,000; .capital surplus,
$5,805,751;
earned surplus, $14,209,089;
capital stock reacquired,' at cost (convertible preferred stock, 8,900
shares, $480,840; common stock, 16,871 shares, $245,411), Br$726,251;
total, $58,777,070.—V. 161, p. 1706.
"X X
X X X, '
' :
Walgreen Co.—June Sales Increased 1.5%—
1945—Month—1944
taxes, $4,740,188;
convertible
common
.
Period End. June 30—
484,852
—,——$749,510
income
income
$4
$846,517'
$861,306
223,525
income.—„
gross
•
71,917
73,566
Xv
53,078
income———
income
Gross
Net
73,360
value.—V. 157, p. 648.
par
Federal
■
Co., New York, N. Y., has been ap¬
500,000 shares of common stock of $3
"
>
'
sole registrar for
as
of
Liabilities—Notes payable to banks,, $5,310,000; accounts payable and
liabilities, $4,720,725; common dividend payable July 2, 1945,'
$145,782; reserve for Federal income and excess profits taxes and State
City Bank Farmers Trust
The
pointed
Br3,049
Dr5,042
Cr2,450
x.Y'\'
Registrar—
refund
post-war
accrued
Vicana)*—
Azucarera
$44,242;
less reserves, $90,367; land, at cost, $1,439,600; buildings, ma¬
chinery and equipment, at cost (after reserves for depreciation of
$12,864,197),
$15,745,098;
process,
patents
and
trade-marks,
net,
$93,534;
prepaid
expenses
and
deferred
charges,
$220,117;- total,
$58,777,070. ■/
>
v>V'^X-xX-X:X-. X ..'x'"X/XX'>■ ■
'' V
..
(Compania
Co.
Sugar
insurance,
cost,
accrued
$25,245;
..
1942
$3,897,589
2,430,893
622,549
Calendar Years—
Railway operating revenues—
Non-operating
payable,
first
on
life
of
profits taxes (estimated), $224,606; claim for refund of Federal excess
profits taxes, $800,215; deposits in banks in liquidation, less reserves,
$36,045; investments in and advances to allied' and affiliated com¬
panies, at cost/less reserves, $279,096; miscellaneous investments, at
taxes, $73,889; ac¬
mortgage note, $1,350; accrued interest on 5% :
mortgage income bonds, $77,106; protested special assessments past
due, including penalties and interest, $115,664; bond-purchase fund
deposit payable July 1, 1945, for retirement Of 5% mortgage income
bonds,
$23,159; first mortgage, note, interest at 3lk%
(4% after
April. 1, 1951), $462,948; b'/o mortgage income bonds dated Jan.. 1,
1935, due Jan. 1, 1965 (less bonds reacquired and held in treasury
totaling $133,800), $5,702,750; deferred income, $2,660; capital stock
($1 par), $234,039;
capital surplus, $65,965; earned surplus (after
credit of $1,072,729 for discount on mortgage income bonds reac¬
quired), $35,236; total, $6,820,011.—V, 160, p. 157.
X>
crued
Vicana
Net railway
value
deposit with Chicago Title & Trust Co. to cover past due special assessincluding penalties and interest, $125,108; deferred charges,
bond purchase fund (after reflecting $23,159 to be deposited
1945, per contra), $23,393; land, building and
equipment
(after reserve for depreciation since Jan. 31,
1936, of $1,346,495),
$6,442,821; total, $6,820,011.
.'-'4"
•
X *
ments,
leg.—V. 161, p. 2269.
their northern
of
services
'
$76,008;
July 1,
flights.
Foreign Routes to 16 Countries-
Awarded
Hailing
awarded
new
two transcontinental cargo
eight passenger and
clude
flights to and from Philadelphia as a
Northeast Airport there. These in¬
daily
10
resume
completion
of
result
Official Promoted—
on
A.
V.
receivable,
President
ginners
'company
Duke
in
in
has
been
appointed
assistant
charge of household radio.
various
caoacities
for
17
Mr,
to
H.
Duke
years.—V.
C.
Bonfig,
has been
161, p.
2599.
Vic«*r
with
the
CALIFORNIA
ARIZONA
Los
Maricopa County School Districts
(P. O. Phoenix), Ariz.
Bonds Sold—It is stated by J. E.
:
interest
of about 1.12%, divided;
bonds at 100.00, a net
cost
$3,000 as 0.75s, due on June 1,
1946, $3,000 as 0.85s, due on
June 1, 1947, $12,000 as Is,
due on June 1 in 1948 to 1951,
and
$9,000
iy4s,
as
June 1 in 1952 to
J '
Interest
payable J.-D.
due on
1954. ;
issues
above
the
on
-
County School District
No. 66 (P. O. Phoenix), Ariz.
Bond Offering—J. E. DeSouza,
Clerk of the Board of Supervisors,
will receive sealed bids until lO
a.m. on Aug. 13 for the purchase
of $37,000 school coupon bonds,
not exceeding 4% interest. Dated
Maricopa
«
•
July 1, 1945. Denomination $1,000.
•Due July 1, as follows: $2,000 in
1948 to 1950, $3,000 in 1951 to
1959, and $4,000 in 1960. No bids
for less than par and accrued in¬
delivery will be
considered. Delivery to be made
at Phoenix. The purchaser will be
furnished with a certified copy of
the transcript .of the proceedings
so that the same may be passed
terest to date of
by the attorney for such bid¬
der. Successful bidder will be re¬
upon
quired to furnish and ; pay for
printing of the bonds.-' Enclose a
certified check for 5%
of the
.
amount bid,
payable to the County
v.
•Treasurer.
•
-
ARKANSAS
Arkansas
•
v
(State
•
,
y.-.';
decrease in
"The
>
of)
in returns
50,000
revenue
re¬
ceipts from income taxes is due
entirely to the heavy Federal in¬
State
the
allowed by
deductions
tax
come
law,"
de¬
Cook
Mr.
clared.
collections for
tax
the
Township
to
$141,000 were also awarded on
July 10 to a syndicate composed
of Blyth & Co., William R. Staats
Co., both of ^ Los Angeles, and
Weeden & Co., of San Francisco,
as
follows:
1947 to 1959.
The
$100,000
Artesia
were
sold
turing
and awarded to
22
Security Trust Co. of
City,—v. 162, p. 57—
Lake
Salt
follows: $35,000 ma¬
as
July 1,
on
$6,000 in
1947
1948, $7,000 in 1949 to 1951,
$2,000 in 1952, as 2V2S, and $65,000
maturing July 1, $7,000 in
1952, $5,000 in 1953, $7,000 in
1954 to 1956, and $8,000 in 1957
to 1960, as Is.
These bonds are
dated July 1, 1945.
ILLINOIS
improvement bonds approved at
the election held on April 17—v.
161,
v.
Bonds Sold—The $30,000 road
.
2046—have been sold.
p.
Marion School District No. 52,
Rev¬
Finds
Year-End
Fiscal
Ail-Time High—Gross
tax collections by the State Rev¬
at
enues
all*
time high of $37,820,574 for the
1944-45 fiscal year, which ended
enue
Department reached an
midnight June 30, Revenue
Commissioner Otho A. Cook has
on
dated
July 1,
1945; Denomination $1,000.
Creek Township (P.
McLeansboro), III,
Beaver
Bond
EIectl> — An issue Of
jiiu,000 construction bonds will
be submitted to the voters at the
is planning
$15,000 road bonds.
Township
Belleville, 111.
to
City
issue
be planning to
drainage bonds
is said to
$2,500,000
sometime
in
the
Total
collections
$1,000,000
above
were
the
almost
$36,710,539
collected during the 1943-44
year,
fiscal
near
future.
collections during
the highest ever
obtained in the, history of the de¬
the
year
certificates Or bonds amount¬
enue
nomination $1,000.
are due $20,000 on
were
partment," Mr. Cook declared. ~
Largest increase in revenue
collections from special taxes was
which
in
the;
gasoline ' tax;
produced more than $500,-
,000 during the year just ended,
compared with the previous year.
Other increases were
noted in
auto license fees, sales tax and
liquor tax.
The cigarette tax de¬
clined more than $300,000 and the
beer tax was off about $70,000.
During June special tax collec¬
tions
amounted
to
$3,216,312,
compared with $2,819,288
provide evidence for presenta¬
to Federal Judge Igoe at "a
'Inf- National
July
on
be
used
19.
These
bonds
for county hospital
purposes.
South
Chicago
Conservancy
collect¬
ed the same month last year.
Validation
Petition
Disf.
Ap¬
proved—Joseph S. White, Circuit
Judge, approved on June 26 a
petition by the District for vali¬
dation of $480,000 in refunding
bonds, authorized by the district
board of supervisors early in May,
according to Florida press reports.
Purpose of the issue, the petition
stated, is to refund an equal
amount of bonds dated July 1,
1942.
Attorneys for the district
R.
R.
Richardson, city and
John
D.
McCall,
Clarence; E.
Crpwe, and Millard Parkhurst,
Dallas,' Tex,
were
103.03
Bank,
Bid
1%
100.814
1%
100.808;
100.542
Halsey Stuart & Co.
Fletcher Trust Co.
1 y4 %
Griffith School
Town, Ind.
$27,000 build¬
Sale—The
mond,
a
iy4s, at a price of 100.02,
as
of about
basis
1.246%.
Dated
&
July 10, 1945.
The next highest bidder was R. S.
Dickson & Co., 'forl%s, at a price
or 100.39.
^V/:;
Township School Town**
ship (Pi O, Gaston, R. f. D.
^
No. 1), Ind.
Bond Offering — Bert Keller,
Harrison
Co.
102 37
Trustee; will receive* sealed bids
until 10 a.m. on July 16, for the
purchase of $17,000 issue of 1945,
improvement bonds, to bear not
exceeding. 41A%> interest. Dated
June 15,1945. Denominations $1,Blyth & Co.
100.88
000 and $500.
Due $500 July 1,
1946, and $1,000 Jan. 1 and $500
Morton Grove School District
No. 70, III.
July 1, 1947 to 1957. Rate of in¬
Bond Issuance Approved—The terest to be in multiples of
of
Board of Education
on
July 2
1%, and not more than one rate
passed a resolution calling for the ;shall be named by each bidder.
.issuance
of
$9,800 construction No bids for less than par and ac¬
Galesburg National
& Trust Co.,
Galesbburg
102.29
Vieth, Duncan & Wood.I 102.21
Bank
Rl'vfh ^ rker & C°
102-07
,
bonds.
Township (P. O.
Bardolph), III.
Defeated—An
$60,000 road
sible
•
issue
of
improvement bonds
ership plans, although legally the
board is powerless to buy the
lines -pending
the outconfe of
bankruptcy litigation in the Fed¬
000 of
new
bonds would be used
lines,
$12,162,500 for the elevated lines
purchase
surface
the
and the balance of $2,837,500 for
improvements.
The
bonds
interest
at
would
issue
yield
and
3V2%
would
be
with the bulk
amount of $50,000,000 maturing in
twenty-five years.
due in installments,
(P. O. McLeans¬
boro), III.
Bonds Voted—An issue of $15,000
road bonds
was
favorably
Crook Township
voted at
a
recent election.
Evergreen Park School District No*
124, III.
V
Bond Issuance Approved—The
Board of Education on June 12,
The
on
Bond
City
^
Wnnnn
$20,000.
of August 1:
3n t0 on Aug. 1, 1946. to
53 \amounting
Due
54
65> amounting to
$12,000. Due Aug. 1, 1947.
Dated Aug.
1, 1940.
Denomi¬
nation
$1,000.
the
Payment of
of said bonds
together with accrued interest to
Aug. 1, 1945, will be made upon
presentation of same to the First
National Bank, Olney. Said bonds
must be presented in negotiable
principal
amount
f^m and should have the Aug. 1,
1945, and subsequent interest cou¬
pons attached.
Interest ceases on
date called.
St.
■
Francisville,
Bond Issuance
who
submitted
has
With
accordance
the
be
The highest bidder
one who
offers the
the
interest
to
cost
the
Township, to be deter¬
mined by computing the total in¬
ter est
all of the bonds to their
on
and deducting there¬
premium bid, if any.
are being issued under
the provisions of Section 65-313
from
the
•Said bonds
Burns
Statutes
—
for the pur¬
1933
pose. Of providing funds to pay the
costs of remodeling and improv¬
ing the Harrison Township Con¬
solidated School Building.
The
bonds are the direct obligations
of the School
of
out
all
on
Township, payable
unlimited,
ad
valorem
be levied
to
taxes
and
collected
taxabble
property
of
the
within the School
Township. The
approving opinion of Ross, McCord, Ice & Miller, of Indianap¬
olis, will be furnished to the
cessful
bidder
the
will
at
Township.
bids
a
be
the
No
suc¬
expense
'of
conditional
considered.
Enclose
certified check for $500,
to the School
III.
Planned
.
net
maturities
Olney, III.
Call—T. C. Colvin,
as
in
will
respon¬
School
at
Clerk, has announced that the
following 2%%
water revenue
bonds are being called for pay¬
ment
will
lowest
voters
lacking
the
necessary
majority of votes.
feated,
bidder
bid
bonds
highest
notice of sale.
the
the
to
his
June 19 was de¬
favorable
on
interest.
crued
be awarded to the
Mound
payable
Township.
Indianapolis, Ind.
The
the gas¬
City is planning to issue $750,000
$11,128,994,
bridge construction bonds to be
compared with $10,536,391 col¬
used as part of a post-war pro¬
passed a resolution calling for an
lected ' during the previous year.
■
issue
of
GEORGIA;;
$60,000
construction gram.
Automobile license fees totaled
"bonds*
"*-v
Georgia (State of) ;
University of Illinois (P. O.
$3,804,610, compared with $3,639,Fiscal Year Income Tax Rev¬
Lawrence County (P. O.
Urbana), III.
750 collected during the 1943-44
enue Shows Decrease—J.
Lawrenceville), III.
Dormitory Bond Bill Approved
Eugene
year.
Sales tax collections were
Cook, State Reyenue Commis¬
Bond Offering Considered—The —The General Assembly passed
$10,732,716, compared with $10,044,660 collected. last year.
The sioner, reported recently that the County Board of Supervisors and the Governor approved re¬
State income tax collections for were scheduled to meet at 9 a.m. cently a bill authorizing the Board
•cigarette tax produced $2,632,867,
the fiscal
year
ended June 30 on July 14 to consider the issu¬ of Trustees to iSsue the Dormitory
compared with $2,983,420 collect¬
were $2,036,393 less than in the
construction and maintenance rev¬
ance of the $275,000 county hos¬
ed last year, and beer tax collec¬
pital bonds
authorized at the enue bonds amounting to $1,500,tions amounted to $1,328,751, com¬ previous fiscal year.
Terming the decrease "alarm¬ election held on June 19—v. 162, 000. No date of sale has bbeen
pared with $1,397,173 collected
fixed as yet.
ing,"
he
pointed
out
that
it p. 179.
during the previous year.
During, the fiscal year,
oline tax amounted to
Price
Rate
First National Bank
Bond
i
follows:
as
Int.
Bidder
102.76
102.63
______
election held
to
Florida
Bond
103.108
Co.,
Halsey, Stuart & Co.
submitted
About $75,000,000 of the money
realized from the sale of $90,000,-
will
These bonds
Jan. 1, in 1947
White-Phillips Co.
jointly
Ripley &
tion
eral courts.
held
were
Denomination $1>to 1956. The next highest bidder
000. These bonds are due $1,000 on
was the Northern Trust Co., Chi¬
July 15, 1946, Jan. and July 15,
cago, at a price of 103.17. Other
1947 to 1950, $2,000 Jan. and July
bidders were as follows:
15, 1951, $2,000 Jan. and $3,000
Harris Trust
&
Savings
July 15, 1952, and $3,000 Jan. and
Bank, Chicago, and
July 15, 1953, and Jan. 15, 1954.
decided upon
ing to $280,000 will be submitted
-•;
reflected
to
was
to the voters at an election to be
Mr. Cook said.:
"The. total
•
Bond Election—An issue of rev¬
Other bidders
on
1946
1955.
Halat a
I oP^ce £103-427' a basis of about
0.95%. Dated July 1, 1945. De¬
steps to give effect to public own¬
Fid.." 'V
due
are
ing bonds offered for sale on July
9—v. 162, p. 180—were awarded
Aug. 15 that the Tran¬
sit Board is taking the necessary
Bay County (P. O. Panama City),
"
Authorization
hearing,
FLORIDA
.v;. *
•:r '
announced.
post¬
was
bonds
These
to the Mercantile Bank, of Ham¬
Cruttenden
County 'School
Districts
(P. O. Napa), Col.
Bond
Issue—The
City
Bond Sale—The $10,000 Browns 000,000
Transit Board has authorized the
Valley School District bonds of¬
fered for sale on July 10—v. 162, issuance of $90,000,000 of revenue
bonds to finance the purchase of
p. 179—were awarded to Hannathe Chicago Surface Lines and
ford & Talbot, of San Francisco,
the Chicago Rapid Transit Com¬
as
iy2s, at par.
Dated June 20,
1945. These bonds are due $1,000 pany and to establish a fund for
working
capital
under public
in 1946 to 1955.
'
Ownership.
Bonds Reoffered—The sale, also
Napa School Districts
poned to July 16,
1945.
July 1„ as follows: $2,000 in
to 1950; and $8,000 in 1951 to
The next highest bidder was
sey, Stuart & Co., for
Is,
price of 100.808.
*
Napa
scheduled for July 10, of $425,000
of Elkhart,
Bank
Is; at a price of 100.814, a basis
about 0.88%. Dated June 15,
of
First
I
Planned—The
Issuance
57—was awarded to the
p.
Weeks, and the Lee Higginson
Corp., all of Chicago, jointly, at
First
issue
162,
First. National
&
Planned—The
Issuance
Bond
O.
Chicago, III.
Transit Board Authorizes $90,-
at
-
III.
as
Rarriman
School
July 10 were awarded to the Se¬
curity-First National Bank, of Los
Angeles, as V/zs, at a price of
100.159, a basis of about 1.48%.
Due $5,000 on July 1, 1946 to 1965.
are
First
the
.
.
District bonds offered for sale
All these bonds
June
on
and
,
$115,000 Jefferson School District
bonds, as 2s, at a price of
100.528,
a
basis
of
about
1.957%.
Due
July 1, from
1946 to 1970, inclusive.
26,000 Bassett School District
bonds, as; 13/4s, at a price of
; 100.122,
a
basis" of about
1.733%. Due $2,000 on July 1,
:
sale
INDIANA
Timewell),
Elkhart* Ind.
Bond Sale—The $50,000 issue of
1945,. semi-annual fire equipment
bonds offered, for sale on July 9—
..
;
(p. O.
issue
68
No.
filed;
Income
divided;
District
School
27,000
follows:
approximately
Lee
Hawthorne School Dis¬ 1944-1945 fiscal year totaled $14,- election to be held on July 21.
trict. bonds, as 13/4s, at a price
327,846—a decrease of $1,796,353,
McLeansboro Township (P. O.
of
100.15, a basis of about when
compared with the 1943McLeansboro), III.
1.73%. Due July 1, as follows:
1944 fiscal year.
The addition of
Bond
Issuance
Planned—The
$12,000 in 1946 to 1955, and
$240,039 in refunds brought the
$13,000 in 1956 to 1965.
«9°nWnnn road bonds.
P f ^ Panning to
total decrease to $2,036,393.
$20,000
80,000 LaVerne City School Dis¬
trict bonds, as iy4s, at a price
Mercer County (P. O. Aledo), III.
IDAHO
of 100.13, a basis of 1.23%.
Bond Sale—The $200,000 semi¬
Due July 1, as follows: $6,000 Madison County (P. O. Rexburg),
annual
county hospital coupon
in 1946 to 1950, and $5,000 in
Ida.
::
bonds offered for sale on July 5—
1951 to 1960.
Bond Sale Details—The $100,- v.
162, p. 57—were awarded to
hospital bonds offered for A G. Becker & Co., Hornblower
The following bonds amounting 000
10^7
+n
IQ^d
•
following
occurred despite the fact that the
department showed an increase of
$250,000
$9,000 as Is, due on June 1 in
1950 to 1952, $3,000 as 1.10s,
due on June 1, 1953, and $11,000 as 1%'s, due on June 1 in
•
;
as
net interest
cost of about 1.16%,
;
The
—
,-:i
ings Association, of San Francisco,
31
No.
District
.
of America National Trust & Sav¬
;
School
■
bonds amounting to $330,000 were
awarded oil July 10 to the. Bank
Supervisors,*
bonds at 100.00, a
CaL
!
Bond. Sales
of the' Board of
that school bonds
aggregating $50,000, were award¬
ed on July 9 to the Bank of
Douglas, and Kirby L. Vidrine &
Co., both of Phoenix, jointly, as
De Souza, Clerk
follows:
Angeles County School Dis¬
trict (P.O. Los Angeles), I
2911
0SALS1NDNEGOTIATIONS
BOND PRO
$23,000
FINANCIAL CHRONICLE
THE; COMMERCIAL &
Number 4403
Volume 162
Warrants Sold—It is stated by
Roy E. Hickman, City Comptrol¬
ler, that the temporary loan war¬
rants aggregating $1,090,000, of¬
fered for sale on July 6—v. 161,
p. 2838—were awarded jointly to
the Union Trust Co., the Fletcher
Trust Co., the American National
Bank, the Indiana Trust Co., the
Indiana
National
Bank,
and the
all of
Merchants National Bank,
for a premium of
The warrants are divided
Indianapolis,
$45.00.
as
follows: $750,000 general fund;
$125,000 Board of Health; $70,000
Pension Fund; $25,000
Firemen's
THE COMMERCIAL & FINANCIAL CHRONICLE
292
be
Tuberculosis
1951,
Thomson,
in
approved by Stinson, Mag.
McEvers & Fizzell, of
Kansas City, Mo.
The bonds are
Fund; $2 0,000
and $100,000
Sanitary District.
All warrants
are. due on Nov. 15, 1945.
Health
School
Fund,
taxes
valorem
M&rion County (P.
O. Indian¬
apolis)\ Ind.
Note Offering—Ralph F. Moore,
,
on
July
10
until
bids
sealed
chased
heimer
bonds
These
1945,
Dec.
on
15,
at
the
County
The opinion as
Payable
<
due
are
plus
$5,000,
Denomination
Treasurer's office.
to validity of the warrants
be furnished by the bidder.
close
a
Co,, Kansas City,
at par,
of furnishing print¬
ed bonds and legal opinion.
The
bonds are dated July 1, 1945, in
exceeding 5% interest. Dated July
SO, ,1945.
airport bonds was pur¬
recently by Baum, Bern¬
coupon
hot
$40t),000 temporary notes, at
Kan,
Bond Sale—-An issue of $40,000
(CST),
a.m.
expense
$1,000
as
and
denomination
divided
shall
En¬
certified check for 3% of
are
follows:
$30,000 iy4s. Due $2,000 annually
on Aug.
1 from 1946 to 1960
bid, pdyable to the County Board
Maturities
inclusive.
of Commissioners.
from
'
1957 to 1960 inclusive are op¬
tional for redemption by city
;;.;y
50WA
;
'
and accrued: interest
Aug. 1, 1950, or on: any
subsequent interest date.
at
Voted
The
—
par
on
Blockton, la.
Bonds
$11,000
Due $2,000 on Aug.
inclusive.
10,000 iy2s.
water system bonds submitted to
the voters at the election held on
1 from 1961 to 1965
June
Optional at par and interest
on
Aug. 1, 1950, or on any
subsequent interest date.
3,
Delaware
'
County
(P.
chester), la.
-
Bond
$100,000
approved.
were
Election—An
county
Man-
O.
issue
Principal and semi-annual in¬
payable at the State Treas¬
urer's office, Topeka.
Legality to
be approved by Dean & Dean of
Topeka, and the bonds are pay¬
of
terest
bonds
hospital
will be submitted to the voters at
the election to be held
on
July 24.
v'n. t
able
KANSAS
Hickory Grove School District No.
,r
40, Johnson County, Kan.
Sale—An
account
all, of .Kansas City, Mo., recently
an
issue of $206,000
unlimited
tax
school
building bonds, as IV2S and iy4s,
at par and a premium of $6.01.
Purchasers also agreed to pay cost
purchased
coupon,
of furnishing printed bonds and
legal opinion. The issue is divid¬
follows:
as
IV2S, due Feb. 1: $7,000
1946; $8,000, 1947 and 1948;
$9,000, 1949 and 1950; and
$11,000 from 1951 to 1957 in¬
$118,000
in
clusive.
Due $11,000 on Feb.
88,000 iy4s.
•i-
v
property.
Scott City,
com¬
posed of Baum, Bernheimer Co.,
the City National Bank
Trust
Co. and the Commerce Trust Co.,
ed
all of the city's tangible
on
taxable
ad valorem
unlimited
from
taxes
Bond
LOUISIANA
City-Parish
Bernheimer Co. of
Kansas City, Mo., is offering for
public subscription $73,540 iy4%
coupon
sewage
disposal
plant
bonds
at
prices to yield from
The
Baum,
0.50% to 1.10%, according to ma¬
turity.
bond
1945.
Denomination $1,000, one
$540.
Dated June 1,
Due on June 1: $7,540 in
for
1946; $8,000, 1947 to 1949, and
$7,000,
1950 to 1955, inclusive.
Principal and interest (J-D) pay¬
able at the State Treasurer's office
The survey will
paid semi-annually
with
each
agency
paying onefifth, according to information to
the American Municipal Associa¬
tion.
The
first
report on the
are
due October 1, will in¬
clude a study of the character of
the city and metropolitan area;
and object of a plan study
population trends;
study of
of
public
schools, parks
reports
will be made semi-annually, with
the final
of: $90,000 coupon school building
a
premium of
of furnishing
$45.90, plus expense
firinted bonds and legal opinion.
The issue is dated Jan. 1, 1945,
and divided
as
follows:
and
flood
wall
bonds
'1
Due $4,500
on
Jan.
from 1946 to 3955 inclusive,
45,000 iy2s.
1
from
Due $4 500 on Jan.
1956 to 1965 inclusive.
All of the bonds
are
dated Jan.
Bond
Parish School
Board, will receive sealed; bids
until 10 a.m. on August 7, for the
purchase of $45,000 building and
equipment bonds, to bear not ex¬
ceeding 4% interest. Dated Aug.
of
Secretary
These
the
$500.
Denomination
1945.
bonds
due
are
Feb.
on
15,
follows:
1946 and
1951, $3,000 in 1952 to 1954, $3,500 in 1955
to
1958, and $4,000 in 1959 and
1960.
The approving opinion of
Wood, Hoffman, King & Dawson,
of New York, will be furnished
the purchaser without cost.
En¬
$2,000 in
1947, $2,500 in 1948 to
as
close
certified check for 3%
a
of
the amount of the bonds, payable
to the Parish School Board.
Jefferson
Parish
(P. O. Gretna),
County (P. O. Carlisle),
Election
Bond
submitted
to
to
Bond
Sale—The
21/4%
on
Ripley
&
,
Co.,-1; >
—
Alex.
Brown
& Sons,
For
$30,000, 5s, and
$170,000, Is
John
& Co.,
Nuveen
100.023
and
Lee Higginson Corp.,
jointly,
$20,000, 5s, $20,000,
4s, and $160,000, Is
100.07
of
issue
Election—An
Bond
.
100.91
—-
of
Michigan
$40,000,
$160,000, Is
Washington
bonds,
Corp.,
4y2s,
*
"100.022
bids
sealed
until
3
The bonds will be awarded to the
purchase
offering to
bonds
at
the lowest
the
interest
cost
such cost to be determined by de¬
ducting the total amount of any
premium bid from the aggregate
amount of interest upon all of the
bonds
until
their
respective
ma¬
Rate of interest to be in
turities.
multiples of y4 of 1%, but no bid
may name more than two rates.
No bid for less than par and ac¬
Principal and interest payable in
Baltimore, or New York; City.
held
Aug.
These
21.
Aug.
on
bonds
follows:
as
v
$275,000 navigation canal bonds
75,000 sewer extension bonds
75,000 drainage bonds.
Rapides Parish, Big Island School
District No. SO (P. O.
Alexandria). La. ;
••
Bond Sale—The $15,000 semi¬
annual building bonds offered for
sale on July 6—v. 161, p. 2601—
*
Securities
lV2s, at
of
a
about
Article
16
and
Article
17
in
Denominations
1945.
of
pur¬
Bids will be
re¬
mission, 4017 Hamilton St.,
Hyattsville, Md, The bonds will
be issued under the provisions of
Chapter 802 of the Acts of the
General Assembly of Maryland of
1941, as re-enacted, with amend¬
ments, by Chapter 993 of the Acts
of the General Assembly of Mary¬
land of 1943
(Section 1007A of
Equitable
the
to
place
at
office of the Com¬
ceived at the
Corp., of Nashville, as
price of 100.14, a basis
1.48%,
Dated July 15,
awarded
were
22, ,1945,
chaser's choice.
and
a
ing
000 in 1954 and
the call¬
outstanding
Traffic
of 1929, bonds
their respective call dates.
of
Acts
Tunnel
on
1,000,000 Public Ways Construc; tion
bonds.
Due
$100,000
Aug. 1, 1946 to 1955.
Dated Aug. 1, 1945.
Denomina¬
>c*
tion $1,000.
Bidders to name one
rate of interest in multiples of V\
of 1% for each item.
No bid to
be
for less than
par and accrued
Principal and interest
payable at the office of the City
interest.
Treasurer.
Each of the two items will
considered
separate
a
be
offering,
"H
bids must be for all, but no
and
part of each item.
Awards will
be made by items to the lowest
bidder
for
each
item.
In
com¬
paring bids, preference will be
given to the bidders whose bids
provide for the lowest net interest
cost to the City for each item
(total interest for the duration of
the loans from Aug. 1, 1945, less
the
amount
of
premium bid);
Accrued
interest
from
Aug. 1/
1945, to date of delivery is to be
paid
by
the
purchaser.
The
bonds will be ready for delivery
on
or about Aug.
17, 1945.
En¬
close
certified check for 1%
a
the bonds bid
Port
Boston
Authority
Mass.
(P.: 0»\
Boston),
Bill
of
for, payable to the
Passed—The
a
author¬
bill
izing bonds amounting to $15,000,000 for financing the above
authority, was passed on July 10
by the Senate.
The bill now re¬
of
turns
of
since that body previously
approved the creation of a fungi
of $5,000,000 to be available im*
mediately. : •
'' :
f
Maryland),
resolution duly adopted by
the Commission
in
1031A
Public Local Laws of
$1,000 and
$250.
These,, bonds are due on
July 15, as follows:
$1,000 in
1946 and 1947, $1,250 in 1948 and
1949, $1,500 in 1950 and 1951,
$1,750 in 1952 and 1953, and $2,-
invested
Government
States
Codification
Section
the
ac¬
date
to
and applied to sinking
bonds
p.m.
July 25, for the pur¬
chase
of
$200,000
incinerator,
series HHH coupon bonds, to bear
not
exceeding 5%
interest.
Dated July 1, 1945.
Denomina¬
tion $1,000.
Due July 1, as fol¬
lows: $7,000 in 1946, $8,000 in 1947
to
1950, $9,000 in 1951 to 1954,
$10,000 in 1955 to 1957, $11,000 in
1958 to 1960, $12,000 in 1961 to
1963, and $13,000 in 1964 and 1965.
on
unpaid
funds to provide for
nounced that the Commission will
(EWT),
be
to
are
United
Secretary-Treasurer, has an¬
Registerable as to principal alone.
The bonds will be delivered about
described
issue
Sanitary
Md.
Bond Offering—J. Darby Bow¬
receive
any
interest
for
redemption,
and
when so called, interest shall
cease.
The proceeds of this
and
Suburban
with
cumulated
District,
man,
be
by payment of
bonds,
'fixed
to the voters at the election to be
are
these
4s, $130,000,
For
may
the amount of the face of the
Is, and $40,000, iy4s— 100.107
First
due
iwhich interest is payable on
Becker & Co.,
G.
For $30,000,
bonds
shall
specified,
Aug. 1,
called, retired and cancelled
by the City on or after Aug,
1, 1965, on any date upon
and
:
Boyce,
jointly,
$200,000, lV4s
bonds
the dates
and thereafter
1966,
Stein Bros. &
These
on
all
but
Baltimore,
For
1980.
be due
Mercantile Trust Co.,
Baker, Watts & Co.,
000 in 1957, $505,000 in 1958,
$515,000 in 1959, $525,000 in
1960, $530,000 in 1961, $535,000 in 1962, $545,000 in 1963,
$555,000 in 1964, $560,000 in
1965, $570,000 in 1966, $580,000 in 1967, $590,000 in 1968,
$600,000 in 1969, $610,000 in
1970, $615,000 in 1971, $625,000 in 1972, $635,000 in 1973,
$645,000 in 1974, 655,000 in
1975, $665,000 in 1976, $675,^
000 in 1977, $685,000 in 1978,
.$695,000 in 1979, and $705,000
in
For
crued interest will be entertained.
$425,000 bonds will be submitted
House
the
to
for
concur¬
rence,
and
1955.
/;.
-
.-Vmaine
Portland, Me.
Note Sale—The
rary
12
$200,000 tempo¬
notes offered for sale on July
awarded
were
to
the
Second
June 29, 1945,
on
for the purpose of
defraying the
constructing in Mont¬
gomery
County an incinerator.
The Commission is required to fix
cost
of
Holliston, Mass.
the
is
Sold—It
Bonds
•
stated
that
following semi-annual bonds
aggregating $125,000, were awards
maintain a schedule of fees
ed on July 6 to Harriman Ripley
charges for the reception and & Co., Inc., and the Lee Higginson
disposal of garbage, refuse, trash,;
Corp. df Boston, as Is, at a price
rubbish and junk sufficient to
of 100.541, a basis of about 0.95%':
provide funds for paying the cost
$120,000 water bonds, maturing
of operation of the
incinerator
in 1946 to 1969.
; v
and for paying the principal of
5,000 water equipment bonds,
and the interest on the bonds as
maturing in 1946 to 1950.
and
*
National Bank of Boston, at a dis-< the-same become due and pay¬
In the event the net pro¬
count of 0.298%
Dated July 16, able.
Denominations to suit pur¬
notes
These
Oct. 10, 1945,
are
due
on:
Other bidders were
Int. Rate
W.
National
National
Bank
Bank
of
of
0.365%
such
fees
and
charges
principal
balance
such
and interest, the Com¬
required to pay the
is
out
of
its
general water
Hutton & Co.
MARYLAND
0.375%
H. Flan¬
City Treasurer, will receive
sealed bids until noon (EWT) on
July 18 for the purchase of the
agan,
Prince
on
bid
was
an
offer
Is, tendered by Wee-
Co., while the third high
offer was 101.899 for l%sy made
den
by
&
the Merchants National Bank
of Boston.
Klnvrton, Mass,
Offering — George
Cushman,
Town
Treasurer,
W.
will
receive sealed bids until 8 p.m. on
Boston, Mass.
Bond Offering—James
best
of 100.077
Note
MASSACHUSETTS
0.37%
Dated August
> Second
receipts.
Com¬
merce
E.
ceeds
shall not be sufficient to pay
mission
follows:
Bidders
to Stein Bros. &
nominations
elec¬
the
June 26,
New Iberia, La.
:
First
Boyce, of Louis¬
1, 1945. De¬
$1,000
and
$500.
La.
bonds.
sewer
as
$29,000
an
24.
the follow¬
ing bonds failed to carry: $350,000
water improvement, and $125,000
building revenue refund¬
ing bonds offered for sale on July
6—v. 162, p. 181—were awarded
ville.
on
Defeated—At
tion held
at
July
voters
held
of
issue
An
—
the
be
'
Ky.
as
Inc., For $20,000, 5s, and
$180,000 Is
100.03
bidder
La.
1945.
1945.
Denominations
$1,000 These bonds are due on Feb. 1,
$500.
Principal and interest as follows:
$2,000 in 1946 and
(J-J) payable at the State Treas-< 1947, $2,500 in
1948, $3,000 in
tirer's .office, Topeka.
Legality to 1949, $2,000 in 1950, $3,500 in
1,
and
District
School
Parish
Lake Charles), La.
Offering—H. A. Norton,
chaser.
Nicholas
were
Price Bid
Bidder
v
Harriman
A.
No. 27 (P. O.
Bonds
school
$45,000 lV4s.-
April 1, 1948.
Natchitoches,
amounting to $350,000. •,:
plus
due
one
Calcasieu
KENTUCKY
bonds, at
par
and recre¬
election
levee
bidders
follows:
Other
facilities.
ation
$250,000 incinerator bonds will be
,
a
Other
V
bonds.
ment
follows:
scope
City, Mo.
,
Due Aug. 1, as
$20,000 in 1951, $85,000 in 1952, $255,000 in 1953,
$415,000 in 1954, $465,000 in
1955, $490,000 in 1956, $495/-
1965.
to
survey.
Topeka.
Legality to be ap¬
proved* by Stinson, Mag, Thom¬
son, McEvers & Fizzell of Kansas
dated June
$16,045,000 Traffic Tunnel Retire¬
p.
net interest cost of
Dated July 1, 1945.
Denomination $1,000. These bonds
are due $10,000 on July 1, in 1946
survey,
in
1, 11945.
Denomination
$1,000. Henry County (P. O. New Castle),
y -y ;
Ky. ■
Principal and interest (Feb. 1,
Bond Offering—The Count y
1946, ■ and semi-annually there¬
Clerk will receive sealed bids un¬
after) payable at the State Treas¬
urer'^ office, Topeka, Kan. Legal¬ til 11 a.m. on Aug. 1 for the pur¬
ity j to be approved by Stinson, chase of $67,000 issue of 1945,
Mag, Thomson, McEvers & Fizzell road and bridge refunding bonds,
Kansas City, Mo.
\
T not exceeding;2% interest. Dated
July 1,1945. Denomination $1,000.
Junction City School District, Kan.
Due July 1, 1975, callable at par,
Bond Sale—We
are
informed
plus accrued interest on any in¬
that ;/ Baum,
Bernheimer
Co. terest
payment date on or after
Kansas, City, Mo., recently bought
July 1,1957.
The bonds will not
an issue of $150,000 1% % coupon
be sold for less than 103 and the
school building bonds, at a price
rate of interest is to be in the
of par, plus expense of furnishing
I multiples
of
V\: of 1% .
Said
printed bonds and legal opinion.
I bonds will be sold to the highest
The.bonds are dated June 1, 1945.
and best bidder, provided, how¬
Denominations of $1,000 and $500.
ever,
the County reserves the
Due, Aug. 1, as follows: $7,000 in
right to reject any or all bids.
.1946; $11,500 in 1947 and 1948; The bonds are to be sold subject
$13,500, 1949; $18,500, 1950; $20,- to the
principal of and the in¬
500 in<1951, and $22,500 from 1952
terest on said bonds not being
to 1954 inclusive.
Principal and
subject to Federal or Kentucky
Interest
(F-A)
payable at the ad valorem or income taxation on
State Treasurer's office, Topeka,
the day of their delivery to the
Kan.
Legality approved by Stin¬
successful purchaser and to the
son,-Mag, Thomson, McEvers and final
approving opinion of Wood¬
Fizzell of Kansas City, Mo.
The
bonds are payable from unlimited ward, Dawson, Hobson & Fulton
of Louisville, being given as to
ad. valorem taxes on all of the
their legality.
The County will
tangible taxable property located furnish said
opinion and printed
in the district.
:
; %
;
;■/"
bond forms.
Enclose a certified,
Linn Rural High
School District check for $1,000.
Not J, Washington County, Kan.
Bond Sale—Baum, Bernheimer
Newport, Ky.
Ordinance Passed — The City
Co.. ; and the City National Bank
& Trust Covboth of Kansas City,; Council passed an ordinance re¬
JMo.,; recently purchased an issue cently, calling for an issue 1 of
58—
100.875,
$45,000,
,;l from 1958 to 1965 inclusive.
AIL of the bonds
Survey
Planning
partment of Commerce and In¬
dustry—has agreed to
contract
for a three-year city-parish plan¬
cost
162,
10—v.
about 0.92%.
Parish School Board and the De¬
15,
Kan.
Bonds Offered for Investment—
,
of
Approved—City officials, in co¬
operation with four other agencies
—the East Baton Rouge Parish
Police Jury, the Chamber of Com¬
merce,
the
East
Baton Rouge
ning
July
awarded to the Union Trust
on
Co,, of Pittsburgh, as Is at a price
Baton Rouge, La.
■
sale
were
ad
y
Osborne,
and $3,000
1952,
1956,
to
all of the tan¬
trict.
for , the purchase, of
17,
on
gible taxable property in the dis¬
receive
will
Auditor,
County
unlimited
from
payable
in
$2,000
1953
Monday, July 16, 1945
George's County (P. O.
llpoer Marlboro), Md.
Bond Sale—The $200,000 series following counon bonds amount¬
of 1945, school bonds offered for I ing to $17,045,000:
July 24 for the purchase of $75,000 water coupon notes.
Dated
Aug. 1, 1945. Denomination $1,000.
These notes are due on Aug. 1, as
follows:
and
$8,000
$3,000
in
in
1946
1955.
to
1954,
Bidders
to
-
Volume 162
1%. No bid for less
and accrued interest.
tiples of }A of
than
par
will be certified as to
genuineness by the Director
Accounts, Department of Cor¬
The notes
their
of
porations and Taxation, Common¬
wealth of Massachusetts.
Insur-
Hancock Mutual Life
John
(P. O.
Company
ance
<
;
Boston), Mass.
! >
Bond Sale—-The following New
r
-
New Bedford,
mul¬
rate of interest in
one
name
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4403
*
City Corporate Stock and
bonds amounting to $19,408,000 were awarded on July 10
to a syndicate composed of the
Chase National Bank, Chemical
Bank & Trust Co., both of New
Merchants National
the
to
R. W. Presspncn
Francisco,
San
Blair & Co., Inc., Goldman,
Sachs & Co., Stone & Webster and
Blodget, Inc., A. C. Allyn & Co.,
all of New York, Equitable Se¬
curities Corp., Commerce Union
Bank of Nashville, Central Re¬
& Co.,
jointly,
For $100,000, Is, $400,000,
iy4s, and $250,000, 2s_ 100.00
Net interest cost 1.2734%.)
Bank,
discount of 0.42%.
1945.
Denomina¬
of Boston, at a
Dated July 9,
tions
$25,000, $10,000 and $5,000.
These notes are due on Nov. 28,
1945.
The only other bidder was
the National Shawmut Bank, of
Boston, at 0.44%.
T
,
Worcester,
^
Mass.
Tuni-
Bond Offering—Harold J.
coupon
York, Bank of America National
& Savings Association, of
Ryan, Sutherland & Co.,
.
tempo¬
rary notes offered for sale on July
9—v. 162, p. 180—were awarded
York
Trust
Mass,
Note Sale—The $400,000
City Treasurer, will receive
sealed bids until 11 a.m. on July
son,
16
the
for
airport
bonds
1946
are
to
Bidders
1955.
to
of !4 of
of
name
the
bonds
The bonds
minnesota
Amite
County,
Consoli¬
Eastfork
dated School District (P. O.
to be issued in cou¬
are
Liberty), Minn.
Bond
•
and Varibonds.
Purposes, 4V2%
Due Dec, 1, 1979.
"■»
ous
Rapid
2,297,000
Dock,
Oct.
Due
bonds.
1, 1980.
•
?
1981.
Due March 1,
bonds.
,
4*4%
Transit,
Rapid
7,577,000
Boston),
O.
(P.
)Massachusetts
•-"* '
000,000 are possibilities this year
by the Commonwealth, and would
be divided as follows: $15,000,000
for the Logan Airport, already au¬
thorized in the bill signed by Gov.
ernor Tobin on June 6, $15,000,000
would be
provisional, for the Port of Bos¬
ton development, and $33,000,000
favored by the Governor for im¬
$10,000,000
which
provement of the State's
$78,000 from the Federal Works
Agency.
.
Ecorse, Mich. •
L. Allison,
Call—P.
Bond
should
No.
9
decide to issue several mil¬
more
to meet early pay¬
ments of the service bonus, pend¬
may
lions
ing receipt of taxes to cover
expenditures.
'•>
these
pending for the post-war period,
outside of the proposed big high¬
way construction program, to be
paid out of direct taxation, which
will probably require further ex¬
tensive bonding in the next two
or
trict
Said
for
Co.,
b
Pontiac,
presented
;•
i'+X.
on
Mich.
July
10—v.
162,
p.
tempo¬
181—were awarded to a syndicate
notes offered for sale on
July
10—v.
162, p. 180—were
awarded to the National Roc.k-
composed of the First of Michigan
Corp. of Detroit, Braun, Bosworth
Note Sale—The $400,000
rary
Jand
Bank
count
These
1945.
Nov.
of Boston, at a dis¬
Dated July 13j
of 0.209%.
8,
1945,
notes
due
are
on
next highest
The
Newton-Waltham Bank & Trust Co., Waltham,
at 0.275% and the Union National
bidders
were
the
Bank, Lowell, at 0.275%.
bidders were as follows:
Other
Day Trust Co., Boston____ .289%
Second National Bank,
Boston
.29%
:
Shawmut
Boston
.....,
Merchants
"»
Boston
National
.30%
.30%
Bank,.309%
___—
Middlesex Cdunty National
Bank,
First
Everett
.325%
National Bank,
Inc.
.328%
Ripley &
2s
on
and
after
March
bids:
Price Bid
Bidder
Blyth & Co.,
Miller, Kenower & Co., and
Cray, McFawn & Co.,
jointly,
For $100,000, Is, and
$650,000,
iy4s
Co.,
.328%
were:
Price Bid
y
For
$35,000, 1.20s, and
$55,000, 1.10s
—_
100.04
(Net interest cost 1.11 %)
First National Bank,
St. Paul, and
First National Bank,
Minneapolis,
1
■
jointly,
For $90,000, 1.20s
100.17
(Net Interest cost 1.17%.)
Paine. Webber, Jackson & :•
Curtis,
- *
•
For iy4s
100.22
(Net interest cost 1.22%.)
sealed
.
bids
until
9
a.m.
(CWT),
balance
termed
James
a
_
100.05
1.217%.)
Stranahan, Harris & Co.,
Inc.,
Barcus, Kindred & Co., and
year
30, with a total
of
$26,539,990.68;
Treasurer
Newton
largest in history for
in which a Legislature did
by
"the
not meet."
The Treasurer said his records
showed
a cash surplus of $18,774,321.08, plus $7,765,669.6*0 in special
cash funds, including more than
$4,000,000 in a trust fund acbbunt
and almost that much earmarked^
to pay off bonds due in July./ He
added that "all
bills arq
current
on
Issued under authority of
as
July 25, for the pur¬ I
paid."
chase of $149,000 public welfare
Mr.
James* figures
compared
coupon bonds, to bear not exceed¬
with a year's end statement made
ing 5% interest.
Dated July 1,
by State Auditor Bert J. Harnett,
1945,
Denomination $1,000.
Due
which showed:
V
July 1, as follows: $49,000 in 1946,
"General cash balance, $18,760,and
$50,000 in 1947 and 1948.
Rate of interest to be in multiples 998.09; special cash balance, $7,~
of one-tenth or
J/4 of 1% and 764,739; total cash balance, $26,must be the same for all of the
525,737.43."
and in all respects in full compli¬
ance
with Chapter 308,
Session
Newton
Legality
Minnesota for
of
County Supervisors ' Dist.
O. Decatur), Miss. "
(P.
Approved—The
fol¬
1945, and
lowing
2V2%
funding
bonds
133,649, approved
June
12, 1945.
The approving amounting to $13,000 have been
approved as to legality by Charles
opinion of Wood, Hoffman, King
&
Trauernicht,
of
St. ^ Louis:
& Dawson, of New York City, and
James T. Denery, of St. Paul, will $8,000 supervisors district No. 1
and $5,000 supervisors district No.
be furnished with these bonds at
Council File No.
time of sale and all bids must be
unconditional.
terms of the
Under and by the
Resolution, the faith
City are irrev¬
ocably pledged to pay the prin¬
cipal and interest at maturity on
bonds.
above
the
less
than par
to be
bids
No
for
will be considered.
issued
Bonds
in
coupon
form, but may be exchanged for
registered bonds, both as to prin¬
cipal and interest, at a cost of
$1.00 per registered bond, plus
postage. Payable in lawful money
at the office of the Commissioner
Finance, or the Fiscal Agency
City in the City of New
of- the
Enclose
York.
for 2%
to
bonds.
a
certified
These
bonds
all.
are
dated June 1, 1945.
Pascagoula, Miss.
credit of the
and
of
3
-
,
Bond Sale Details—The
os/
$30,000
street
improvement bonds award¬
Newman, Brown
Co., of New Orleans—v. 162, p.
59—were
sold
for
a
price of
100.09, a net interest cost of about
1.678%, as follows: For $26,000
maturing "$2,000 on May 1, 1946 to
1958, as l%s, and $4,000 maturing
$2,000 May 1, 1959 and I960; as
lV2s.
Legality
approved 1 by
Charles
&
Trauernicht, of St.
ed on June 26 to
&
Louis
check
of bonds bid for, payable
the City.
MISSOURI
.
Fredericktown, Mo. ^
1
Bond Sale—The Baum, Bernheimer Co., Kansas City, recently
purchased
an
issue
of r $45,000
1 % % coupon, unlimited tax water
works bonds at a price of par,
plus a premium of $236.70.
The
purchaser also agreed to pay ex¬
pense of furnishing printed bonds
and legal opinion.
The bonds are
dated June 1, 1945, in $1,000 de¬
nomination and mature April 1,
as
follows:
$4,000 from 1950 to
1959 inclusive and $5,000 in i960.
Principal
and
interest
(A-Q)
payable; at' the 'First National
Bank of Kansas City.
Legality to
be approved by Charles & Trauer¬
nicht of St. Louis.
;
*
l
,
Zion
(P. O. Route No. 1, Paynesr;','vilte), Minn.
Bond Offering—Ray
W. Koepp,
will receive sealed
p.m. on July 16,
for the purchase of $14,000 road
and bridge coupon bonds, to bear
not exceeding 2% interest.
Dated
July 1,1945. Denomination $1,000.
Due April 1, as follows: $1,000 in
1947 to 1954, and $2,000 in 1955
Town
bids
Clerk,
1957.
to
1:30
until
June
bonds
These
thorized
at
an
were
election
held
au¬
on
1945.
No bids for less
than
par
will
be
considered.
Principal and interest payable at
a
place designated by the pur¬
26,
bonds
Printed
chaser.
and
the
—-
—
'y.'r
.
.
Faribault
County
Independent
Frost), Minn.
Sale
Details—The
approving opinion of Dorsey, Col-
be
to
on
O.
$15,-
for
forms
School
a
school building bonds was
purchased
recently
by
Baum,
Bernheimer Co. of Kansas City, at
par, plus expense of furnishihg
printed bonds and legal opinion
and paying registration fee, : The
bonds are dated March 1, 1945, in
$1,000
denomination
and 4are
coupon
certified check
payable to the Town
Treasurer.
(This notice supple¬
ments our previous offering re¬
port—v. 162, p. 181.)
$280,
refunding bonds awarded on
25 to the State Bank of
as iy4s—v. 162, p.
sold at par. Dated June
Frost,
58—were
15, 1945.
due on June 15
from 1946 to 1955 incl,
These
Mississippi
divided
Harrison County
bonds are
Haven
Deep
County,
School District
(P. O.
Bond
was
authorized
recently
by
ably voted at an election
June
26.
...
held on
'
Lincoln
the
No. 4
County
O.
Lake), Minn.
Bond Sale—The $27,000 refund¬
Heron
ing bonds offered for sale on July
6—v. 162, p. 181—were awarded
to Kalman & Co. of St. Paul, as
Principal
payable
Supervisors Dist.
(P. O. Brookhaven),
Independent
School District No. 1 (P.
Kansas
1946.
Legality Approved—An issue of
2V2% funding bonds amounting to
Charles
at a
&
The
Trauernicht
bonds
are
of
St.
payable
on
all taxable property
in the dis¬
trict.'
1945.
Rockport School District, Atchison
County, Mo.
■;> - /
a
for Is,
Mo., with the first
due
March 1,
approved by
coupon
from unlimited ad valorem taxes
about
Bank, Heron Lake,
price of 100.15.
and interest
(M-S)
First National Bank,
Legality
Louis.
$15,649.28, has been approved as
to legality by Charles & Trauernicht of St. Louis.
Dated June 1,
at
City,
interest
Miss.
price of 100.185, a basis Marion
County (P. O. Columbia),
0.957%. Dated July 1,
Miss.
1945. Denomination $1,000. These
Legality Approved—An issue of
bonds are due $3,000 on July 1,
$50,000 1% court house bonds has
in 1946 to 1954. The next highest
been approved as to legality by
bidder was
the First National
Is, at
of
inclusive
1954
to
,
County
'
Jackson
1950
$1,000 in 1955.
^A
21,000 2V4s. Due March 1: $1,000
in 1955 and $2,000 from 1956
to 1965 inclusive.
/•/V'ft"
of $85,pital in Gulfport.
construction bonds was favor¬
Bonds Voted—An issue
Due March lr $2,000
and
bonds
hospital
$80,000
from
:
Authorized—An
issuance
of
/rx-
follows:
as
$11,000 2s.
County Board of Supervisors, as
its share in the City-County hos¬
Excelsior), Minn.
000
(P. O. Gulf port),
Miss.
issue
Hennepin
County Consolidated
No. 6 (RiscoV
District
School District), Moii
Bond Sale—An issue of $32,000
furnished by the
Enclose
Madrid
New
Barker, Scott & Barber of
Minneapolis, will be furnished
the purchaser without cost. ; Bids
man,
Town.
!*■' ■y-y'.v■
VV-'F;;-
School District No. 131 (P.
Bond
1,
%s, to said call date and
thereafter until paid.
Other
as
(Net interest cost
Boston
Harriman
Co., Crouse, Bennett, Smith &
Co., and H. V. Sattley & Co., oil
of Detroit, at a price of 100.056,
a net interest cost of 1.1222%, as
follows:
For
$500,000 maturing
March 1, $100,000 in 1953, $200,000 in 1954 and 1955, as iy4s, and
$250,000 maturing March 1, 1956,
1951,
ceive
of
West St. Paul State Bank,
Inc., Watling, Lerchen &
Harriman Ripley & Co., Inc.,
Bank
Everett National Bank__^_
Co.,
callable
Rate
Bidders
National
&
Other bidders
1959.
Bidders
000
Sale—The $750,000
sale
Offering—Joseph J. Mit¬
chell, City Comptroller, will re¬
of June
State
cash
June
series
1945, refunding bonds offered
of
for
Cambridge), Mass.
be
called.: v/v
Bond
Middlesex County (P. O. East
in
payment at the Detroit Trust
Detroit. Interest ceases on
date
three years.
should
•
$7,000 in 1947 to 1958, and $6,000
Treasurer,
bonds
Co.
Minneapolis, as 1.10s, at a price of
100.134, a net interest cost of
about 1.08%.
Dated July 1, 1945.
Denomination $1,000. These bonds
are
due on July
1, as follows:
for
having been annexed to Dis¬
No. 9. Dated Aug. 1, 1936.
trict
development projects are
More
Special School Dist.
O. West St.
Paul),: Minn.
(P.
Allison-Williams
the
to
Lucas,
calls for pay¬
ment on August 1, at par and ac¬
crued
interest
all
outstanding
bonds of District No. 8 said Dis¬
School
2
$90,000 refund¬
ing bonds offered for sale on July
9—v. 162, p. 58—were awarded
No. 8), Mich.
Call—Hersey D.
Bond
$1,000.
July 1,
on
Bond Sale—The
Township School District
(Bonds of School Dist.
Nankin
various
addition, the Commonwealth
presented
be
due
.
payment with all unpaid interest
coupons attached, to the Manufac¬
turers
National
Bank,
Detroit.
Interest ceases on date called.
"
In
City
Comptroller, calls for payment on
August 1, at par and accrued in¬
terest, series of 1941, refunding
bonds
Nos. • 177
to
186.
Said
bonds
No.
of
issue
$45,000 construction bonds will be
submitted to the voters at an elec¬
tion to be held on July 23, to be
used in connection with a grant of
■■■■',
are
Dakota County
School District, Mich.
Election—An
Denomination
bonds
from 1946 to 1950, incl.
michigan
Buchanan
institutions.
•
These
Mass.
Proposed Bond Issues—Bond
issues totalling more than $60,-
of
:
Bond
Transit, Water
4%
and
City.
1, 1978.
Due Dec.
846,000 Water Supply
'
4*/2%
Const.,
School
bonds.
1945.
1,
■
75,000
St. Paul, Minn.
Bond
Laws
Sale—The
$20,000 school
public Co. of Chicago, Kean, Tay¬ pon form and the coupon bonds
lor & Co. of New York, City Na¬ may be exchanged if desired for bonds were awarded recently to
tional Bank & Trust Co. of Kan¬ fully registered bonds if present¬ Kenneth G. Price & Co., of Mcsas
City, National Bronx Bank, ed for exchange at any time more Comb, as 3y4s, at a price of 100.40,
a
basis of about 3.15%.
Dated
Wm. E. Pollock & Co., Inc., both than one year before maturity.
These bonds are
of New York, Whiting, Weeks & Payment to be made at time of July 2, 1945.
due $2,500 on July 2, in 1946 to
Stubbs, of Boston, and the Robin- delivery and is to include accrued
v'
interest to date of delivery.
De¬ 1953. v- i;
fcon-Humphrey Co. of Atlanta:
livery to be made on or about Cass
County Unorganized Terri¬
$5,629,000 Rapid Transit, Dock
The bonds will be
t
and Water, 4%% bonds. Due July 27, 1945.
tory (P. O. Walker), Minn.
r!i
certified
by the First National
Jan. 1, 1977.
Purchaser—The
$70,000
iy2%
Bank of Boston
and the legal
refunding bonds sold on June 22
399,000 Various Municipal Puropinion of Ropes;
Gray, Best, at a
poses, 4% bonds.
Due May
price of 100.144, a basis of
;
Coolidge & Kugg, of Boston, will about
i, 1977.
1.45%,—v. 162, p. 58—were
be furnished.
Enclose a certified
■
awarded to the Allison-Williams
2,585,000 Dock and Rapid Tran¬
check for 1% of the par value of
Co. of Minneapolis.
Dated June
sit, 4V4% bonds. Due Nov. 15,
the bonds bid for, payable to the
1978.
'
'
,
Aug. 1, in 1946 to 1950, optional
Aug. 1, 1947. Principal and in¬
terest
payable at any suitable
bank
or
trust
company
desig¬
nated by the purchaser.
bonds. !
(Net interest cost 1.36%.)
Boston.
of
13, for the purchase of $15,000
hospital
coupon
bonds,
Dated
Aug. 1, 1945. Denomination $1,000.
Thbse bonds are due $3,000 on
.
Prin¬
offered.
Bank
National
■
McDonald, Moore & Co.,
jointly,
y^/'
For $350,000, l%s, and
$400,000, lV4s
100.052
(Net interest cost 1.336%.)
Phelps, Fenn & Co.,
Paine, Webber, Jackson &
Curtis, and
J. M. Dain & Co., jointly,
For $500,000, iy4s, and
$250,000, l%s, to call
date, and 2s, thereafter^ 100.02
1%, and bids must be for
cipal and interest payable at the
First
i".:J
an<i
multiple
rate of interest in a
one
all
purchase of $500,000
Dated
July
1,
These
due $50,000 on July 1,
bonds.
Denomination $1,000.
1945.
Halsey, Stuart & Co.,
Hornblower & Weeks,
Martin, Burns & Corbett,
293
Charles
Louis.
&
Trauernicht
Dated June 1,
of
Bond Sale—Baum,
Bernheimer,
Co., of Kansas City, recently pur¬
chased
an
issue of $48,500 2%
building
St.
bonds, at par, plus ex¬
printed bonds
and paying
The bonds are
pense of furnishing
and
legal
opinion
1945.
registration fee.
of
Record dated March 1, 1945 and mature
serially on March 1 from 1946 to
Village Clerk, received sealed and Cash Surplus—The end of the
1965 inclusive.
oral bids until 8 p.m. on July fiscal year of 1944-45, found the
Bonds
Mora, Minn.
—
Elsie
Offered
Mississippi
Olson,
(State
Fiscal Yead-End Shows
-V
294
THE COMMERCIAL &
MONTANA- /-"v
Yellowstone
Saffin.
Wo. 2 (P. O.Billings), Mont.
Bond Issuance Planned—Plans
io
issue
bonds
a
$750,000
discussed
were
meeting
the
of
construction
recently at
Board
of
Bond1
Election1—An
issue
of
$55,000 swimming .pool construc¬
tion and park improvement bonds,
to bear not exceeding 3% interest,
election to be held
Denomination $1,000.
in
mature
1950.
City
ceive
sealed bids
J.
than
Comptroller,
until
re¬
am.
on
aviation field series 2
bonds.
Due Sept.
1, 1951.
480,000 sports stadium 'series of
bonds.
Due
Sept.
1,
Sept.
1, 1945. Denomi¬
Bidders must name
single rate of interest for each
nation $1,000.
a
issue and must bid for all of said
$1,730,000
bonds
individual
at
N.
election to submit to the voters
issue of $135,000 water plant
an
Pending — On
June 27, the Township Committee
approved
first
reading
of
an
ordinance calling for an issue of
$50,000 public improvement bonds.
ing, sewer extension and public
improvement bonds taking $194,000 as 1.10s, at a price of 100.585,
taxes.
The bonds
The
ad
highest
re¬
sponsible bidder shall be the
one
who,
having
complied with the
conditions of sale, offers to take
the whole amount of the issues at
the
lowest
interest
cost
the
to
proposal will be furnished on ap~
plication to the City Comptroller's
office.
Delivery will be made at
on or about
Sept. 1, 1945.
Federal
legislation
that
Omaha
Any
,
would make /the revenue from
these bonds taxable will release
the purchaser from all
obligations
involved in the purchase of the
bonds.
for
Enclose
2%
of
the
a
certified check
par
value
of
the
bonds, payable to the City.
Papillion, Neb.
Bonds
Voted —The
system bonds, to bear not
exceeding 3% interest, will be is¬
sued
as
proval
result
a
on
of
voter's
Dated
sewer
de¬
in
building
1946
to
1965.
extension and im¬
bonds. Due 1946
95,000 public improvement bonds.
Due
Other
1946
to
162,
p. 58—were awarded to
Rollins &
$ons/ of Phila¬
delphia, as iv4s, at a price of
100.163, a basis of about 1.23%.
Dated July 2, 1945.
Denomina¬
are
due
$2,000 from July 2, 1946 to
1965,
inclusive.
Other bidders were as
follows:
Bidder
Price Bid
Boland, Saffin & Co.,
For 1.60s
B. J. Van
100.28
Ingen & Co., Inc.,
For 1.70s
100.21
Leonia School District,
Bonds Vftted—The
,
nasium
mitted
construction
to the
tion held
a
N.
$75,000
voters
bonds
at the
J.
gym-
sub¬
bidders
Bond Sale—The $57,000 coupon
registered semi-annual bonds
offered for sale on July 9—v.
or
59—were
awarded
to
ceive
162,
Boland,
sealed
bids
noon
North
Carolina
(State
collections
on
Nelson, Browning
tjointly.".
For l^s
—
;
'1955.
j.
high
bids
These
are
part
neys
eral fund
to the
with
as
com¬
collections
gross
der and in accordance with
2!/4%
fire
habilitation
station
general
fund
and
during the fiscal
Bonds
bonds.
Leetonia,
Dated
Bonds
May 1, 1945.
Due $12,000 on
Sept. 1, 1946 to 1950.
40,000.00 2y4% recreation bonds.
Dated
May
1,
1945.
Due
$8,000 Sept. 1, 1946 to 1950.
3,912.13 5% street improvement
1
highway
year
that
100.00
NEW
East
Bond
annual
YORK
kade,
Aurora,
New
York
$20,500 semi¬
improvement bonds of¬
fered for sale
on July 6—v.
162,
60—were awarded to the Citi¬
zens
Trust Co. of Fredonia, as
p.
0.90s, at
price of 100.048, a basis
of about 0.88%.
Dated July 1,
1945.
Denomination $1,000, one
for $500. These bonds are
due on
July 1, as follows: $5,500 in
1946,
and
a
$5,000 in
1947
to
1949.
The
next
highest bidder was the Erie
County Trust Co., East Aurora,
for 0.90s, at a
price of 100.00.
Other
bidders
were:
Bidder
Price Bid
Marine Trust
Co., Buffalo
Newburger,
Loeb
Eastchester
Town
P.
&
Co.
Fire
until
will
noon
receive
on
15, 1945.
Denomination $1,are
due $1,000
on
June 15, in 1946 to 1953. Bid¬
ders may bid for a different rate
These
bonds
of interest in
1 %.
Enclose
1%
to
of
the
the. City.
a
a
multiple of
of
certified check for
amount
bid,
payable
special
-
assessment
it:
•
r;
/.
1953.
Bidders may bid for a dif¬
of interest in a mul¬
tiple of
O.
ap¬
awarded to the County Trust Co.
of White
Plains, as Is, at a price
100.032, a basis of about 0.99%.
July 1, 1945.
Denomina¬
tion $1,000.
These bonds are due
utility
ever
against
to
.
come
Ohio.
Presiding
Common
the
over
ville
Lodi, Ohio
Proposed
■
1/4 of 1%.
No bids for
less than par and accrued interest.
Enclose a certified check for
$100,
a
to
suit
payable to the Village.
•
•
•""
•_
'
I.
Chagrin Falls,
Ohio
Bond
ter,
Offering—Gladys M. Fos¬
Village Clerk, will receive
sealed bids until noon on
July 28
for the purchase of
$13,500 1%%
village hall bonds.
1945.
Dated May 1,
Denomination
$500.
Due
Bond
,
''
"
Election—The
election,
an
issue
of:
$15,000 fire truck purchase bonds.
L
-
.
Medina, Ohio
;;
;
Bond Issuance Considered—The.
City Council is considering the.
advisability of issuing $25,000 air¬
port bonds. I
O
,
*
..
}
.
'
Middletown, Ohio
Bond
sue
of
:
Election Planned—An
bonds amounting
sewer
is¬
to-
;
$1,500,000 will be submitted to the
voters
in
at
election to
an
September.*"
North
be
held
^
•-
Canton, Ohio
Bonds Offered—Lester L. Brau-,
000 3 % street improvement bonds.Dated July 1, 1945.
Denomina-
was
by agreement of attorneys,
tions
$1,000 and $500.
1952, $1,000 in 1953 and 1954, and
$1,500 in 1955.
These
are
the
offered for sale
Ohio
Municipal
J.
Cuyahoga Heights (P. O. R. F. D.,
Brooklyn Station, Cleveland),
Ohio
Bond Sale—The $450,000 sewer
sale on July 7,
bonds offered for
syndicate
com¬
posed of Fahey, Clark, & Co. of
Cleveland, Stranahan, Harris &
Co., Inc. of Toledo, and Ball,
Burge & Kraus of Cleveland, as
V/2S, at a price of 101.68, a basis
of about 1.33%,
Dated April 1,
$1,000. These
bonds are due on Dec. 1, as fol¬
lows: - $22,000 in 1946, $23,000 in
1947, $22,000 in 1848, $23,000 in
1949, $22,000 in 1950, $23,000. in
1951, $22,000 in 1952, $23,000 in
1953, $22,000 in 1954, $23,000 in
1955, $22,000 in 1956, $23,000 in
1957, $22,000 in 1958, $23,000 in
1959, $22,000 in 1960, $23,000 in
1961, $22,000 in 1962, $23,000 in
..
.
Due Sept,
1, as follows: $1,500 in 1946, $1,000 '
in 1947 and 1948, $1,500 in
1949/:
$1,000 in 1950 and 1951, $1,500 in
'
1945. Denomination
#r
tion to submit to the voters at the
November
all living outside Circle¬
a
for
Village
Council
authorized
re¬
cently the preparation of legisla¬
Pleas
awarded to
offered
on
the
private cher,v Village Clerk, will receive
sealed bids until noon (EWT), on-V
trial in
July 13, for the purchase of $12,-/
heard experts set the value of the
waterworks at from $250,000 to
were
bonds
;
^
street
April ,28, were awarded
Citizens Savings Bank of
Leetonia, at par, as 2s.
to
Judge Earl D.
Parker of Waverly, who was as¬
signed to the Pickaway bench by
Chief Justice Carl V. Weygandt
of the Ohio Supreme Court.
The
jury
of: seven
men
and
five
women,
Ohio
$7,500
••.
$650,000.
Heights (P. O. Cleve¬
land), Ohio
W/Vy/,-;
Bond
Offering—Harry
Betsicover, Village Clerk, will receive
sealed bids until noon (EWT) on
Aug. 6 for the purchase of $3,500
4%
public
hall
improvement
bonds.
Dated Aug. 1, 1945.
De*
nomination
$500.
These
bonds
are
due-$500 on Oct. 1, 1947 to
100.15
District
municipality
Sold—The
improvement
sale
bonds.
Brooklyn
ferent rate
paratus bonds offered for sale on
July
12—v.
162,
p.
60—were
Dated
Auditor,
bids
100.73
Tuckahoe), N. Y.
Bond Sale—The
$40,000 fire
of
City
July
20, for the purchase of $8,000 4%
street improvement bonds. Dated
000.
Sale—The
Bellaire, Ohio
Offering — Edward Kin-
Bond
sealed
<
re¬
:
100.32
un¬
cer-
City passed
May 15, 1945." Enclose a certi¬
fied check for $1,000, payable to
the City.
«
'
\
,
Bonds
a
on
-
1.60%
,
tain ordinance of the
-
For
issued for the pur:-
are
of
of the Uniform Bond Act and
City Sinking Fund:
$60,000.00
of
$111,251,954.61 in 1943-44.
After deducting tax refunds and
the share of the intangible taxes
due to localities, net collections in
•
Successful bidder
constructing an addition
to the
City Hospital and under
authority of the laws of Ohio and
—
1.30%
>
on
„
$116,871,645.51,
;
For
Frye,'
to validity of said bonds.
as
pose,
Bonds Sold—Henry Urner, City
Auditor, has announced that, the
just ended totaled $113,420,687.83.
M. M. Freeman & Co.,
For $195,000
A.
,
'
*
(EWT),
noon-
Said bonds
following
bonds
amounting
to
$103,912.13 were awarded recently
the
iS
101.67,
shall, at his own expense, provide; »
printed .bonds' and furnish the;
opinion of recognized bond attor¬
.
July 5, showed
that gross collections in the
gen¬
pared
;
;
:■
..
Offering—G.
until
interest.
bonds
58,000 2*4% fire apparatus pur¬
chase bonds.
Dated Sept. 1,
1945. Due Sept. 1, as follows:
$6,000 in 1946 to 1953, and
$5,000 in 1954 and 1955.
,
highway fund
'
;
;
Co.,
City Auditor, will receive sealed
a .$2,850,000 issue author¬
ized at the November election
in 1927.
-v
'
fund
public
the
;
/t J
.'''
Galion, Ohio
of
totaled
State Commissioner of Revenue
Gill's report for the year,
and
&
•
;
July*
27, for the purchase of $100,000! *
3% hospital coupon bonds. ' Dated
000 in 1961
to
1965.
These
July 15,1945. Denomination $1,000. \
bonds .are part-of a $6,000,000
These bonds are! due $4,000 on
'-V issue authorized at the No¬
July 15, in 1947 to' 1971.
Bidders
;
vember election in 1944.
may. bid for a different." rate of
110,000 2Vz% street improvement
interest in multiples of lA of 1%.
/
bonds.
Dated Sept. 1, 1945.
No bids for less than par and ac-\
;
Due $11,000 Sept. 1, 1946 to
crued
r
Edwin
made
The
City
6, passed ordi¬
June
Bond
$79,905,415.54 in the fiscal year just
ended, an increase of nearly $4,000,000 over the figure for the
preceding fiscal period.
as
Authorized
on
$275,000 2 Y2% street improvement
bonds.
Dated
July 1, 1945.
Due Sept. 1, as follows: $14,i
000 in 1946 to 1960, and $13,-
re-,
General Fund Revenue Collec¬
tions Reach Record High Mark—
revenue
v
Curtis,
'
;
First of Michigan Corp., and
calling for the issuance of
following bonds amounting to
$443,000:
of)
Climbing
to
an
all-time
point, the State's general
payable from |
the
'
until
of Village,
Wm." J. Mericka & Co.,
Fox, Reusch & Co.,
Paine, Webber, Jackson &
of the amount
nances
Utica, N. Y.
Certificate Offering—Thomas J.
Nelson, City Comptroller, will
certi¬
a
Bank,;
obli-, 4
general
-
of
-
elec¬
Lodi, N. J.
p.
Bonds
Council
0.50%.
were:
—
June
29, carried by
large majority of the votes.
on
is
Enclose
First .National
Direct
.
Oct. 3, 1945,
interest, and $20,due on Oct. 5, 1945,
interest rate
gations
Cincinnati, Ohio
mature
are
the
limitations.
levied inside
the
pay--
ad
valorem taxes, to be levied
against all of the taxable property;
in the Village, within the limits
imposed by law. Legality apj
proved
by" Squire, ganders
&
Dempsey of Cleveland. v
V-f
The next highest bid was as folj
lows:,;;;v -V
/,//■;//;•//,;>;x';\
Dated Feb. 1, 1945.
Denom¬
Pitt County Drain District No. 5
1.10% Bonds
ination $1,300, one for $1,312.*
White, Weld & Co., and
(P. O. Greenville), N. C.
13.
Due Sept. 1, as follows:
H. L. Allen & Co., jointly,
Bonds Unsold—Frank M. WooFor $195,000
$1,312.13 in 1946 and $1,300
100.339 ten, Jr., Secretary of the Board
in 1947 and 1948.
Equitable Securities Corp.,
of Commissioners, has announced
\
7-u;-: "•
'•
n
/-v
Julius A. Rippel, Inc., and
that the $12,000 drainage bonds
Circleville, Ohio
J. R. Ross & Co.,
offered for sale on June 19, were
jointly,
|
Condemnation of Utility Prop¬
For $195,000
100.166 not sold, because a satisfactory
erty Arouses Statewide InterestHarriman Ripley & Co., Inc.,
bid was not received.
Legal precedent for Ohio was set
For $195,000
100.10
recently by a jury in the Pick¬
NORTH DAKOTA
For 1.20% Bonds
away
- County
Common
Pleas
Blyth & Co., and
Court when it informed the above
Par shall, N. D.
Estabrook & Co., jointly,
Bonds Voted—The $20,000 2%%
city that it can buy the pirivatelyFor $195,000
100.396 water
system construction bonds owned water company for $420,For V/&% Bonds
'..V'
submitted to the voters
at the 000.
J. S. Rippel & Co.,
The "fair buying price" ver¬
election held on June 26 were
For $195,000
dict was handed down after four
100.337 approved.
;
V
weeks of testimony in the first
Boland, Saffin & Co.,
For $195,000
condemnation proceeding
100.312
OHIO
by
a
school
H.
These bonds
000,000
and
taxes
fied check for 1 %
of the issue.
and bear 0.55%
June
July 11
tion $1,000.
tax
the
bills
fund
NEW jersey
E.
13
revenue
from
at
Principal and int.
Cleveland.
For
Hamilton Township School District
(P. O. Trenton), N. J.
—v.
able
McGold-
July
on
$55,000,000
City
1964.
For $195,000
Sale—The $40,000
bonds offered for sale on
—
1965.
able
""
Somerville Turst Co.,
Bond
Sold
Joseph D.
announced
totaled
*
library
Due
are
1965.
to
ap¬
July 3.
follows:
provement
$24,500
water
1.04%.
These bonds
public
60,000
life thereof, the amount of
premium offered, if any, over and
approving opinion of Wood, Hoff¬
man,. King
& Dawson, of New
York, will be furnished. Form of
about
bonds.
the
less than par and accrued interest
must be unconditional.
The
as
$40,000
by deducting from the
total amount .of interest to be paid
on account of such bonds
during
and
of
scribed
termined
above the face amount of the is¬
sues.
All bids must be for not
basis
a
July 1, 1945.
municipality, which shall be de¬
-
Bills
196$, $22,000 in 1964 and $23,000
in
the Council not less than 40 days,
prior to such interest date. Pay¬
Y<ork, N. Y.
allotment
to
various
local
banking institutions. Of the total,
Ordinance
obligations of the
in multiples
City, payable from unlimited
valorem
Revenue
of
100.00
.—
New
merger
the $195,000 public library build¬
general
iy2s
,
July 17 for the purchase of tax
bonds,
looking
of the City- anticipation certificates of indebt¬
amounting to $1,000,000.
owned water plant and the Mill¬ edness
Dated July 19, 1945.
The certifi¬
ville Water Co.
y : :'
cates are due on Nov.
19, 1945.
Pennsauken Township (P. O.
NORTH CAROLINA :
Pennsauken), N. J.
the
are
direct
For
-
„
improvement
toward
Treasurer's office.
each block
\
100.156
Bank,
Crestwood,
$35,000,000
of one-tenth of 1 %. Principal and
interest payable at
the County
for
100.084
1.20s
by
J.
Somerville, N. J.
Bond
Sale—Halsey, Stuart &
Co., Inc. of New York, were
awarded on July 6—v. 162, p. 60—
rates
v
—_
n
1, as follows: $500 in 1947,
$1,000 in 1948 to 1951, $500 in
1952, $1,000 in 1953 to 1956, $500
in 1957, and $1,000 in 1958 to 1961,
subject to call for redemption at
par in whole, or in part, on any
interest-paying date on and after
May 1, 1950, the amount of bonds
to be called at any such date to
be determined by resolution of
Bid
/
Crestwood
rick
100.26
resolution appointing a citizens
committee
to
study the
local
water situation, that it may call
Bond
1949.
Dated
For
sale
23/4s
1950.
a
$1,250,000
<1945
Co.,
100.17
Millville,
;
.
&
to
Monday, July 16, 1945
Jan.
follows:
Price
Co.,
1.10s
Comptroller
Water Bond Election Pending—
On June 22, the City Commission
indicated that when it has passed
10
Sten-
will
9
Ingen
as
Marine Trust Co., Buffalo,
Price Bid
Van
For
July 24, for the purchase of the
following coupon bonds amount¬
ing to $1,730,000, at not exceeding
interest:
For
; ;;////:'■•
Campbell & Co.,
an
:
';•••
Bidder
These bonds
less
not
icka,
•
'
1946
Bidder
follows:
as
July 24.
on
Omdha, Neb.
Bond Offering—Chas. E.
3%
are
1,
were
R. D. White &
For 2.70s
years nor more than 20 years.
>
These bonds
follows:
as
July
on
Other bidders
basis
a
$22,000 street improvement bonds.
Due July
15, from 1946 to
B.
will be submitted to the voters at
*
described
$8,000
as
Dated
Falls City, Neb.
;
York,
water bonds.
Due July
15, from 1946 to 1955.
July 15, 1945. Denomi¬
nation $1,000. Other bidders were
NEBRASKA
will
New
35,000
Trustees.
an
of
of about 2.65%.
'
!
Co.
2.70s, at a price of 100.225,
School Diet.
County
&
FINANCIAL CHRONICLE
A.
bonds
<
originally/
; /
.*
June 29.
on
(State of) v
:
A
Unchanged—
Co., Cincinnati,;
Prices
White
&
reported under date of July 11, as: ;■
follows: Activity in Ohio munici¬
pal market has been somewhat less.
during the past week, but priceshave held firm.
yield
stands
20
on
at:
the third
Our index of the
Ohio
1.20%,
bonds
today •
unchanged for:
consecutive week.
The
*
•
yields
on
on 10 high grade bonds and
10 lower grade gonds are also *
unchanged
at
respectively.
1.01%
and
1.39%
/
Ravenna
Township School District
(P. O. Ravenna), Ohio
Bond Sale—The
$75,000 build-ing bonds offered for, sale on July.
9—v. 162, p. 61—were awarded to
Stranahan, Harris & Co., Inc. of
Toledo, as iy4s, at a price of
100.35, a basis of about 1.21%..-'
Dated May 15, 1945.
Denomina¬
tion $1,000.
These bonds are due
r
Volume
in
1946
162
to
THE COMMERCIAL &
Number 4403
1965, inclusive. The
bidder was the First
University
of
Oklahoma
FINANCIAL
CHRONICLE
be registered as to principal
only and will be sold to the high¬
est
responsible bidder, provided
(P. O.
may
Norman), Okla.
295,
imposed by law, levied on all the
property taxable for school pur¬
poses within the District. Settle¬
TENNESSEE
(P. O. Alamo)*
Details—The $275,Tenn.
ment in full for the loan must be
such bid is not less than par and
000
Bond Election Scheduled—On
Apartment Dormitory rev¬
made with Secretary on or before
accrued interest. Payable from ad
enue bonds awarded on June 26
July 2, the County Court passed a
Aug. 23, 1945, at 11a.m. (EWT).
to R. J.* Edwards, InCi of Okla¬ valorem taxes within the taxing
resolution calling for an election
y
St. Mary's, Ohio
If necessary, pending the prepa¬
homa
City, as 2%s—v. 162, p. limitations imposed by law upon
on
Sept. 22, to submit to the
Bond
Offering — George W.
ration of definitive bonds, negoti¬
61—were sold at par. These bonds school districts of this class. The
voters an issue of road construc¬
able interim
certificates of the
Hale, City Auditor, will receive
are due on July
1, from 1947 to highest responsible bidder shall
tion bonds amounting to. $350,000.
sealed bids until noon (EWT), on
be the one who having complied Philadelphia National Bank, fiscal
1965, incl.
July 16 for the purchase of $150,with the conditions of sale, offers agent of the District, will be de¬ Lauderdale County (P. O. Ripley),
next highest
Bond
Savings Bank, Ravenna,'for NAs,
at a price of 100.13.
;
C
000
Sale
first
mortgage water works
bonds, to bear not ex¬
ceeding 3% interest. Dated June
OREGON
of the
interest cost
to take the whole amount
revenue
livered
Crockett
at the time of settlement
County
Tenn.
in denomination of
$1,000, $10,000
Bond Issuance Deferred — The
or $100,000,
as may be requested
to the municipality, which shall
$300,000
hospital
bonds
were
Bond Sale—The $35,000 water
15, 1945.
Denomination $1,000.
be determined by deduction from by the successful bidder or bid¬ favorably voted at the election
These bonds are due $2,000 on
Donds offered for sale on July 9—
ders. The highest responsible bid¬
held on May. 10.
The County
the, total amount of the interest
June 15, and $3,000 on Dec. 15, v. 162, p. 183—were awarded to
to be paid on account of such der shall be the one who, having
Court, pending an application to
in 1946 to 1953, $3,000 June and the Chas. N. Tripp Co. of Port¬
bonds during the life thereof, the complied with the conditions of the Federal Government for aid
Dated July 1, 1945.
De¬ amount of
Dec. 15, 1954 to 1962, and $3,000 land.
sale, offers to take the whole in
premium offered, if
planning the construction, post¬
These bonds
amount of the issue at the lowest
June 15, and $4,000 Dec. 15, in nomination $1,000.
any,
over
and above the face
1, as follows: amount of the issue. The enact¬ interest cost to the District, which poned the issuance of necessary
1963 to 1970. Bonds maturing after are due on July
bonds until its October term.
shall be determined by deducting
June 15, 1956, are callable as a $2,000 in 1949 to 1964, and $3,000
ment, at any time prior to the
from the total amount of interest
whole or in part in the inverse in 1965..
Memphis, Tenn.
'.yyy1;;,;;
delivery of the bonds, of Federal
Bond
Sal e—The
to
be paid on account of such
$2,000,000
order of their maturity, on said
Crook County County School Dist. legislation which in terms, by the
bonds during the life thereof, the school bonds offered for sale on
date or on any interest payment
repeal or omission of exemptions
(P. O. Prineville), Ore.
amount
of premium offered,
date thereafter, at par and ac¬
if July 10—v. 162, p. 2843—were
or
Bond Sale Details—The $40,000
otherwise, subjects to a Fed¬
crued interest plus a premium of
any,
over
and above the face awarded to a syndicate composed
school bonds awarded on June 25 eral income tax the interest on
1% of par if called on or before to the First National Bank of bonds of a
class
or
character amount of the issue. The bonds of the First National Bank of Chi¬
are to issued subject to the favor¬
June
cago, Merrill Lynch, Pierce, Fen15, 1966, and at par plus Prineville—v.
162, p. 61—were which includes these bonds, will,
able opinion of Townsend, Elliott ner & Beane, of New York, and
accrued interest if called there¬
sold at a price of 100.19, a net at the election of the purchaser,
after.
Rate of interest to be in
the "purchaser from his & Munson, of Philadelphia. The the City National Bank & Trust
interest cost of about 1.24%, as relieve
multiples of % of 1%. No bids follows: $8,000 maturing $4,000 obligations under the terms of the enactment at any time prior to Co., of Kansas City, at a price of
the settlement for the bonds, of 100.026,
for split interest rates will be ac¬
a
net interest' cost of
Aug. 1, 1946 and 1947, as 6s, and contract of sale and entitle the
For
cepted. These bonds are author¬ $32,000 maturing $4,000 Aug. 1, purchaser to the return of the Federal legislation which in terms about 1.068%, as follows;
ized to be issued under authority
by the repeal or omission of ex¬ $250,000, maturing $50,000 July 1,
deposited with the bid.
1948 to 1955, as Is. These bonds amount
of Article XVIII, Section 12jof
Issued subject to the favorable emptions or otherwise, subjects to 1946 to 1950, as 4s, and $1,750,000,
are dated August
1, 1945.
a Federal income tax the interest
maturing $70,000 July 1, 1951 to
the Ohio Constitution and will be
opinion of Townsend, Elliott &
Gear hart, Ore.
on bonds of a class or character
secured
1975, as
Is.
These bonds are
by a mortgage to the
Munson, of Philadelphia, and will
Bond .Sale—The $30,000 water
Second National Bank of Cincin¬
1, 1945.
Denomina¬
be delivered to the purchaser only which include these bonds, will dated July
The next highest
nati, as Trustee, upon all of the bon,ds offered for sale on July 5— if and after the proceedings au¬ at the election of the purchaser, tion $1,000.
V.
162, * p. 61—were awarded to
properties and revenues of the
thorizing
the
issuance
thereof relieve the purchaser from his bidder was as follows: Shields &
system. including a franchise Camp & Co. of Portland, as l%s, have been approved by the De¬ obligations under the terms of the Co., Coffin & Burr, Lee Iligginson
as
a
price of 99.03, a basis of
contract of sale and entitle the Corp., Spencer Trask & Co., B. J.
stating the terms upon which, in
partment of Internal Affairs. En¬
about 1.987%. Dated, July 1, 1945.
& Co.,
Francis I.
case of foreclosure, the purchaser
the return of the Van Ingen
close a certified check for 2%, purchaser to
These bonds are
due. $2,000 on
amount deposited with the bid. duPont & Co., Mullaney, Ross &
may operate said system, ' which
payable to the District Treasurer.
Enclose
a
certified
check
for Co., Herman Bensdorf & Co., and
mortgage will be
an
exclusive July 1, in 1946 to 1960. The next
Mt. Lebanon Township (P. O. Mt.
; j
first lien upon, said properties and highest bidder was the Clatsop
$100,000, payable to the District. Bullington-Schas & Co.,
r
Lebanon), Pa.
revenues
jointly,
i
excepting; the reason¬ County Bank, Seaside, for 2V2S,
at a price of 100.07.
(Bond Sale—The $125,000 town¬ Whitmarsh Township School Dist.
For $200,000, 5JAs, and
able maintenance and operating
ship bonds offered for sale on
(P. O. Lafayette Hill), Pa.
$1,800,000, Is
100.00
expenses thereof. • The proceed¬
Oregon (State of)
9—v.
161, p.
2843—were
Bond Offer in g—Charles T.
ings authorizing the issuance of
Cities
To
Receive
Share
Of July
awarded to Halsey, Stuart & Co.
TEXAS ' v?;
said, bonds, including the Inden¬ Highway Revenues—From state
Block, District Secretary, will re¬
ture of Mortgage, will be pre- highway revenues collected dur¬ of New York, as Is, at a price of ceive sealed bids until 8 p.m. on
Amarillo Independent School Dist.,
100.152, a basis of about 0.98%. Aug. 7
pared by Peck, Shaffer & Williams, ing 1944, $1.40 per capita will be
(EWT), for the purchase
Tex.
:
Dated July 1, 1945. Denomination
of $55,000 school coupon bonds.
j of Cincinnati, whose opinion ap¬ paid to cities of Oregon except
Bond Sale—The $750,000 school
proving the validity of said bohds to Portland which will receive $1,000. These bonds are due on Dated Sept. 1, 1945. Denominabonds offered for sale on July 9,
will be furnished to the success¬ 93 cents
July 1, from 1946 to 1965, incl. tion
per capita since it shares
$1,000. Due Sept. 1, as fol- » Were awarded to a syndicate comful bidder without cost; The City on the basis of two-thirds of its The next highest bidder was as
$4,000 nn 1947 to 1959, and posed of C. F. Childs & Co., Paine,
follows: Hemphill, Noyes & Co.,
fjwill also pay the cost of printing
population ' only. Total revenues
$3,000 m 1960. No bid combining.
the bonds. The bonds will not be credited
& Co., and two or more different rates of ] Webber, Jackson & Curtis, both
to
the
state
highway Phillips, : Schmertz
oi Chicago, Stern Bros. & Co. of
sold for less than par and accrued fund
during 1944 totaled $14,909,- George G. Applegate, jointly, for interest will be considered. Bids Kansas City, Fox, Reusch & Co.
interest to date of delivery.' De¬ 225.97 of which
Is, 100.057.
must be for not less than par and of
$747,314.08 will
Cincinnati, Ira Haupt & Co.
livery at St. Marys not later than be distributed to cities. In addi¬
Bonds offered for Investment— accrued interest.
Registerable as of New York, Smallwood & Co.
: 30
days after the award. No con¬ tion to this amount $1,852.78 of The successful bidders reoffered to
principal only. The bonds and 0f Fort Worth, and R. A. Underditional
bids
will- be
received
the amount apportioned from the the above bonds for public sub¬ the interest thereon will be pay- i wood & Co. of
Dallas, at a price
Enclose a certified check for $5,- 1943 collections to non-function¬ scription" at prices to yield from
able without deduction for any'0f 100.058, a net interest cost of
000, payable to the City.
ing cities is being re-apportioned 0.35% to 1.05%, according to ma¬ tax or taxes, except gift,
success; about 1.604%, as follows:
For
to the balance of the cities of the turity. In the opinion of counsel, sion or inheritance taxes, which1
$315,000 maturing August 1, $20,Stark jCounty (P. O. Canton), Ohio
bonds
are
payable from the District may be required to
state; The allocation to cities this these
OOQ in 1946 to 1950, $25,000 in 1951
y
Bond Sale—The $40,000 North
year
is three cents per capita unlimited ad valorem taxes.
pay thereon or retain therefrom! to 1955, $30,000 in 1956 to 1958,
east Sewer District No. 10 bonds
higher than the • allocation last
under or pursuant to any present as
2s, .and $435,000 maturing ori
Philadelphia School District, Pa.
offered for sale on July 6—v. 162
year which-was $1.37 per capita
or
future law of the Common-! Aug. 1, $30,000 in 1959 and 1960,
Bond Offering—Add B. Ander¬
p.
61—were awarded to Fahey
except. for Portland which re¬
wealth, all of which taxes the Dis- $35,000 in 1961 to 1965, and $40,Clark & Co. of Cleveland, as Is ceived
son, Secretary of the Board of
91 cents per capita,
■
trict assumes and agrees to pay. 000
in
1966 to
1970, as Vks.
Public
Education,
will
receive
at a price of 100.325, a basis of
These obligations will be payable Dated Aug. 1, 1945.
These are
Portland, Ore.
<
\
sealed
bids
until • 10:30
a.m.
about 0.95%. Dated Aug.
1945
City Redeemed $1,784,500 Bonds (EWT), on July 26, for the pur¬ from ad valorem taxes within the; the bonds authorized at the elecDenomination $1,000. These bonds
taxing limitations imposed by law. tion held on June 23.
Other bidin Fiscal Year—It was announced chase of
are due $4,000 on* Feb.
permanent improvement
1, in 1947
Each bid must be unconditional ders were as follows:
to 1956. The next highest bidder by Kenneth L. Cooper, ; Finance bonds amounting to $5,000,000, to
in form and must be submitted on
Commissioner, that the city re¬ bear not exceeding %Vi% interest.
Bidder
Price" Bid
was Pfalsey, Stuart & Co., for Is,
deemed $586,500 of general bonds, Dated Aug. 1, 1945. The bonds a blank which may be obtained ♦John Nuveen & Co.,
at a price of 100.104.
from the above Secretary. These
Dallas Union Trust Co.,
$788,000 of water bonds, arid $410,- will be in the denomination of
bonds are issued subject to the
000
of dock bonds
during the
Dallas,
■
v.;'-]'
$1,000 each, or at the request of
OKLAHOMA
fiscal year ending June 30.
In¬ the successful bidder or bidders, favorable opinion of High, Swartz, City National Bank & Trust
terest payments during the year
in the denominations of $10,000 or Flynn & Roberts, of Norristown,
y
Foss School District, Okla.
Co., Kansas City,
$398,223.76 ; on
general $100,000 or both. Due Aug. 1, as and will be delivered to the pur¬ Boettcher & Co., and
Bopdg Sold—An issue of $10,000 were:
building and furniture bonds Was bonds; $432,850 on water bonds, follows: $209,000 in 1947 to 1954, chaser only if and after the pro¬ Mosle & Moreland,
awarded recently to the First Na¬ and $121,391 on dock bonds, ac¬
and $208,000 in 1955 to 1970. The ceedings authorizing the issuance
jointly,
tional Bank & Trust Co. of Okla¬ cording to his report.
For $225,000, 2s, and
V
/
;
bonds
will
be in
coupon
form thereof have been approved by
the Department of Internal Af¬
homa, at a net interest. cost ; of
$525,000, IV2S
99.381
registerable as to principal only,
fairs.
Enclose a certified check Harriman
PENNSYLVANIA
1.67%. These are the bonds orig¬
or in fully registered form, as re¬
Ripley & Co., Inc.,
for $1,200, payable to the District. Mercantile-Commerce Bank
inally offered on April 18, vthe
Elk County (TV O. Ridgway), Pa. quested, and bonds of the same
sale of which was postponed,
& Trust Co., St. Louis,
series " will
be
interchangeable
Bonds Called — The County's
from coupon to registered form,
and ,:
SOUTH DAKOTA
"V, : ■
series C, road improvement bonds
Seminole, Okla.
or from registered to coupon form,
R. J. Edwards, Inc.,
^
; A
Butte County (P. O. Belle
Bond Sale—The following borids Nos, 66 to 113, were called for and will also be interchangeable
jointly,
:.■■■:'
payment on July 1, with accrued aS to the denominations herein¬
Fourche), S, D.
For $750,000, l3As
amounting
to
$285,000
were
100.15
awarded on July 9 to C. Edgar interest, by the St. Mary's Na¬ before set forth. Rate of interest
Bond Issue Considered — The ♦Rejected.
/
;
tional Bank, St. Marys, Pa., as
Honnold of Oklahoma City:
*?
to be in multiples of Va of 1%.
County Commissioners are said to
Dallas, City and County Levee
agent for the County.
Interest Bids will be received only for the be
considering an issue of $350,$275,000 water works extension ceased on date called.
Imp. Dist., Texas.
/
entire issue and at only one rate 000 highway construction bonds.
:
*. and improvement bonds, at a
Bond Refunding Plan Adopted
of interest and no bid combining
Erie School"District, Pa.
net interest cost of 1.243%.
I
Huron, S.D.
by Committee—A plan for the re¬
Bond Offering —C. A.- Sapper, two different rate will be con¬
Due $27,500 in 1948'to 1957.
Bond Offering —■ M. F. Walt, funding of the indebtedness of the
2,500
fire fighting
equipment Secretary of the Board of School sidered. Bids must be for not less
above district was adopted by the
Directors, will receive sealed bicls than the par value of the bonds City Auditor, will receive sealed
bonds, as Is.
Due in 1948.
bids until 7:30 p.m. on July 30 for Bondholders' Committee, accord¬
7,500 street equipment and ma- until 5 p.m. (EWT) on Aug. 2 and accrued interest. Said bonds
the purchase of $25,000 airport ing to a letter to depositors dated
y chinery
bonds, as As.
Due for the purchase of $240,000 re¬ and the interest thereon will be
July
11,
1945.
The plan was
without deduction for bonds, not exceeding 1% interest.
funding coupon bonds, not ex¬ payable
$2,500 in 1948 to 1950.
adopted by the Board of Super¬
ceeding 2% interest. Dated Sept. any tax or taxes, except succes¬ Dated July 1, 1945. Denomination
visors of the Levee District on
Tahlequah, Okla. 1, 1945. Denomination $1,000. Due sion or inheritance taxes, now or $1,000. These bonds are due $5,000 June
26, 1945.
The plan is the
on
July 1, 1946 to 1950. No bid
Bonds Offered—Ella M. Covel, $15,000 Sept. 1, 1947 to 19621 Bids hereafter levied or assessed there¬
result of many months of nego¬
for less than par an4 accrued in¬
City -Clerk, received sealed bids will be received for the entire on under any present or future
Prin¬ tiations between the officials of
until 8 p.m. on July 11, for the issue at any one rate of interest law of the Commonwealth, all of terest will be considered.
the district, representatives of the
purchase of $50,000 hospital ex¬ but no bid combining two differ¬ which taxes the District assumes cipal and interest payable at the landowners and the committee.
Treasurer's office.
Enclose ^ianaowneib dim mc wimmirec.
Bnciose
tension
and
equipment
bonds. ent rate of interest will be con¬ and agrees to pay. These obliga¬ City Treasurer's office.
a certified check for $500, payable
Briefly summarized, the district
These bonds are
due $3,000
in sidered. Rate of interest to be in tions will be payable from ad
"
• •
proposes to issue 60-year refund1948 to 1963, and $2,000 in 1964. multiples of % of 1%.
The bonds valorem taxes within the limits to the City.
Carlton, Ore.
issue
''>^V ■:'Y-'
at
the
lowest
.
,
,
•
_
.
-
■
~
_
.
-
•
«
*
,
'
.
.
■
<
•
-
*
•
.
'
I
'
t
-t..i
i
*
;
"
t
THE COMMERCIAL & FINANCIAL CHRONICLE
296
ing bonds (callable at par for
sinking fund purposes) dated Oct.
1, 1945, in a par for par exchange
for its outstanding principal in¬
til 2 p.m. on July
chase of $15,000
20, for the pur¬
airport bonds.
16, 1941. Denomina¬
tion $1,000.
Due March 16, as
debtedness.
The new bonds will follows:
$1,000 in 1953, to 1965,
These bonds
carry 1% interest through Oct. 1,, and $2,000 in 1966.
1970,
1V2%
thereafter
through are the balance of a $25,000 issue
Oct.
1, 1995, and 2% thereafter
until paid.
The proposed refund¬
ing bonds will be subject to the
approval of Chapman and Cutler
of Chicago.
V!
Under the plan, all unpaid in¬
accrued
claims
terest
Oct.
to
1,
1945,, will be discharged by ap¬
plying thereto whatever cash re¬
mains, in the 1937 refunding bond
interest and sinking fund, after
the payment of certain expenses
and
Amounts
allowances.
able
will
individual
to
bondholders
upon the facts in con-,
with
their
particular
.
claims.
Based
on
the
of
sum
$71,473.12 in the interest and sink¬
ing fund as of, June 30, 1945, it is
believed" that depositors will re¬
ceive an average of about $11 per
deposited bond, subject to the
effect of any expenses or allow¬
ances paid by the district.
;
The district expects to consum¬
mate the refunding by filing
Ja
plan of debt composition.
The
.
committee
will
file
consent
a
to
such
plan on behalf of its de¬
positors who do not object to the
plan, and will file a claim for all
unpaid
coupons
and
interest
claims
deposited with it, whether
not* in
judgment, including
or
interest claims
coupons and
.
authorized at
more
an
1941.
1
v.
•
The
election held in
of bonds into
terest,
ered
bonds
on
will
bids
Alternate
consid¬
be
bearing
lower
a
rate, or combination: of two. rates,
of interest in multiples of Vs of
1% to result in a bid with mini¬
premium and lowest net in¬
terest
cost.
In this event, the
bonds will be
reprinted to reflect
rate(s)
and to
interest
correct
provide for; any place of payment
preferred by purchaser.
The re¬
issued and reprinted bonds would
be dated Aug. 1,; 1945, with in¬
terest
payable semi-annually
from date and principal due Aug-*
ust 1 each year.
Bids to be sub¬
mitted on blank furnished by the
City will furnish the
printed bonds, a copy of the pro¬
ceedings, \ the approving opinion
of Chapmkn & Cutler of Chicago,
or of J. P. Gibson of Austin, and
The
City.
will deliver the bonds to the bank
designated by the purchaser with¬
It is anticipated
than four years past due.. If the
committee
should
receive
sub¬
out cost to him.
stantial
will reserve the
right to withdraw
the refunding plan.
In the event
that sufficient approvals are re¬
ceived, the committee will file its
consent
and
take
further
steps
necessary under the Bankruptcy
Act and the plan. The
committee
holds
$4,048,000. principal amount of bonds
under the provisions of its deposit
now
agreement.
■
effected be¬
fore Sept.
1, 1945.
(If present
form of bonds is sold, delivery by
August 10 is anticipated.)
En¬
close a certified check for $300,
payable to the City.
Midland,
Election
Bond
V\'Tex.
Bonds Sold—The
house
tion
this month
voters
water
of
purchased
re¬
Dallas, at par, a net interest cost
about
2.49%
follows:
as
For
bond maturing on July 1,
1946, as 2%s,' and $24,500 bonds
$500
Bradford, Secre¬
tary of the Committee, 115 Broad¬
way, New York 6, N. Y.
maturing on July 1, $500 in 1947
to 1955, $1,500 in 1956 and 1957,
$2,000 in 1958 to 1961, and $3,000
in 1962 to 1964, as 2%s.
Dallas County (P. O.
Dallas), Tex.
Bond
Legality Approved—An
Jefferson
dressed to W. D.
issue of $105,000 iy2%
Holland
and 1%%
1945-A, road and bridge
refunding bonds has been ap¬
proved
are
to
as
Dumas,
of
legality
Dallas.
by
W.
These
bonds
dated April 10, 1945.
-De
Bond
Roxie
that
Call
P.
;
Leon, Texas
is stated by
City V Secretary,
outstanding refunding,
—■
It
Upshaw,
all
Series A bonds of the issue
bered 1 to 200,
num¬
aggregating $140,000, dated March 20, 1935, in de¬
nomination of $700 each, matur¬
ing March 20, 1936 to 1963, op¬
tional
-on
any
interest
County Hampshire-New
Independent School
(P. O. Hampshire),
District
series of
Tex.
■
Bond
Offering
—
Mrs.
O,; H.
Brent, Secretary of the Board of
Trustees, will receive sealed bids
until 8 p.m. on July 17 for the
purchase of $100,000 school bonds,
riot exceeding 4%* interest. Dated
Aug. 1, 1945. Denomination $1,000.
These bonds are due $10,000 on
Aug. 1, 1946 to 1955, and were
authorized
June
at
an
election held
Lubbock School District, Tex.
Bond Election Planned—An
payment
date, are called for payment on
July 20, at par and accrued inter¬
election is
est, at the Farmers & Merchants
National Bank, De Leon.
struction bonds amounting to
For the convenience of
holders,
arrangements
have >. also
been
made to take
up these bonds at
the
American
National
Austin, where they
sented
on
of the
Bank,
may
be pre¬
holders.
said date at the
option
Stockton, Tex.
Bonds Sold—The
$250,000 3y2%
gas system first
mortgage revenue
bonds were awarded
recently to
Russ & Co. of
San Antonio, at a
price of 102.00, a basis of about
3.25%. Dated May 1, 1945. These
are
due
on
May 1,
as
fol¬
lows:
$6,000
in
1947
to
1950,
$8,000 in 1951, $10,000 in 1952 and
1953, $11,000 in 1954 to 1956, $12,000
in
1957
and 1958, $13,000 in
1961, $14,000 in 1962 and
1963, $15,000 in 1964 and 1965,
$16,000 in 1966, $17,000 in 1967,
1959 to
and
$11,000 in 1968. The *bonds
optional 10 years after date,
except the last $50,000, which are
are
callable
on
May 1, 1950.
Georgetown,
Bond
mit to the voters
issue of
an
250,000.
Pampa,
Bonds
City
Offered
Secretary,
bids until
Bond
Tex.
.
Sale—The
following 3%
refunding
bonds amounting
to
$415,000 were purchased recently
by McRoberts, Graham & Co. of
Tex.
Offering—Mayor
M.
Smith will receive sealed bids
F.
un¬
$100,000 series A bonds. Due May
:
10, as follows: $3,000 in 1946
to 1948, $4,000 in 1949 t6 1954,
$5,000 in 1955 to 1961, $6,000
in 1962 to
1965, and $8,000 in
1966.
follows: $6,000 in 1946
•
tol950,
$1,000 in 1951 to 1954, $26,000
in 1955, $1,000 in 1956 to
1959,
$51,000 in 1960, $1,000 in 1961
to 1965, $8,000 in 1967 to 1970,
$9,000 in 1971 to 1973, $10,000
in 1974 to 1977, $11,000 in 1978
to
1980, $12,000 in 1981 to
1983,
$13,000 in 1984, and
$14,000 in 1985.
These bonds are all dated May
10, 1945. Principal and interest
nayable at the Hidalgo County
Bank
&
Davis,
sealed
July 12, for
—
on
general
sewer
Dated
bonds
date
July
on
June 26,
an
1945.
of $7.50.
under
Trust
Co.
of
Mercedes.
I
contracts
providing a ;;
paid by the
Government, is not to be treated j
as
exercising a sovereign func-j*
tion of the Federal Government,
and
therefore
exempt from
a
State tax, in the absence of an !
act of Congress recognizing
thevi
claimed exercise."
■
-
v'f;
County
elec¬
Bond
Government
Prin¬
Illegal
Issues
Obligations
Issuance
—
For
Termed
of
municipal
purpose
bonds for the
Mercantile National Bank of Dal¬
of making
investments
The approving opinion of W.
Dumas, of Dallas, will be
in obligations of the
States Government or in
United
other
Circuit
securities
is
unconstitu¬
1
Court
which
South
Charleston naval ordnance
j
plant for the • Government, was
obligated to pay: $8,696.49 in gross 1
sales taxes for the quarterly
pe¬
riod beginning Jan.
1, 1941. - X"
The company contended that in I
performing the business of manufacturing armor and deck plate j
for
warships it was, in the eyes ,
law, an instrumentality of f
of the
the
Federal
Government
immune to State
therefore
•
ation..".
■"
V
..;
„
-
■
-vy-z >-J1-::.
;
'
.
■,
and
tax.
^ 1;
ALBERTA
Alberta
(Province
Special
Session
to
:'j
h
*
f
CANADA
;;
Be
of),
of
Alta.
Legislature
Held—E.
Premier of
Municipal
cipal and interest payable at the
P.
!!
a
ruling |
held, in effect,' that the ;
company,
which
operates
the .V,
These
1945.
authorized at
were
tion held
10,
with machinery and in
The decision upheld a Kanawha
premium
102V2.:
at
;
emer-
fixed unit price to be
Jersey City Hous¬
Sixty-fourth Series Balti¬
more
;
City
Housing Authority,
Md., notes, at .41%, plus a pre¬
mium
of
$6.50, and $1,500,000,
Forty-fifth
Series
; .;r
Jersey
City
Housing Authority, N. J., notes,
from their jiate at 102V2. : •
at .43%, plus a premium of $7.50.
390,000 water wbrks and sewer ;Wm. E. Pollock &
Co., of New
:
revenue bonds.
Due on Jan.
York, were the successful bidders
10, as follows: $7,000 in 1946, for
the $396,000 Albany Housing
:
' $10,000 in 1947 to 1953, $13,Authority, Ga., and $330,000 As000 in 1954, $25,000 in 1955,
bury Park Housing Authority, N.
$35,000 in 1956 to 1958, $36,- J., notes, at
.44%, plus premiums
000 in 1959 and 1960, $41,- of
$13.00 on each issue.
;
000 in 1961 and 1962, $6,000
Harriman Ripley & Co.,
Inc.,
\
in 1963, and $5,000 in 1964 were
the successful bidders for
and 1965. Subject to redemp- the
$647,000, Ninth Series De¬
;
tion on any interest paying catur
Housing
Authority,
111.,
; ; date on
and after 10 years notes, at .44%, plus a
their
and
000,
$2,000 in 1946, $3,000
in 1947 to 1961, and $4,000 in
1962 to 1965.
Subject to re¬
demption on any interest paying date on and after 10 years
from
time of national
a
plant leased from the Government
.
Due Jan. 10, as
follows:
v
material for the
of the United States Govern-
gency,
The Central Hanover- Bank &
Trust Co. of New York, was the
successful bidder for the $1,344,-
obligation storm
bonds.
J
ing Authority, La., notes, at .42%.
All plus small premiums.
purchase of \ the - following
bonds amounting to $453,000: • >
$63,000
war
§
second Series New Orleans Hous¬
received
2 p.m.
1
;
exclusively/^
C.
Manning,
Alberta, announced on
July 4 that
a special session of the J
Provincial Legislature will
begin
on
July 24, to ratify the Govern¬
plan for refunding the
ment's
Province's
public
debt
which
4
amounts to the total of
$113,000,000.
No other legislation will be
j
tional, David M. Wood, of Wood, introduced
and the session is ex¬
Hoffman, King & Dawson, munic¬
pected to last about four or five jr
Street Bond Issuance Pending— ipal bond attorneys, states in an days.
;■/:
The recommendation presented on opinion to the municipal securities
legislation authorizing the Gov¬
committee
of
the
San Antonio, Tex.
..
June
Investment
18 by
the City's Street and
Drainage
Committee
to
issue
street and drainage bonds amount¬
ing to $2,958,000 was approved on
June 25, by the City and County
.Planning Board. ■■C-'A
.
Ysleta
Independent
.V
.
Bonds
School
Bankers Association.
His opinion
"I am of the opinion that
the issuance of bonds
by a munic¬
says:
ipality
division
Re-offered
—
the
sub¬
of
purpose
making an investment in secur¬
ities, whether those securities be
Dist.,
Fred
for
political
■
bonds of the United States
other issuer, public or
Tex.
v
other
or
D.
or
ernment
refund the. debt was
the .last session of the
Assembly. Members of the Cab-
passed
at
ernment.'
he
is
.
sealed bids until
of
the
of
Board
Edu¬
has announced that the
$35,000 school house bonds, not
exceeding
2V2%
interest, were
not sold.
A reoffering of these
bonds will take place on July 25.
UNITED STATES
United States
Housing
Awards—The
Authority
Chemical
Note
Bank
heading a
group
of banks which includes
the National City Bank, Bankers
Trust
Co., both of New York;
of America
under
both
under
the Federal
National
Trust
■vv:'
BRUNSWICK
Campbellton, N. jB.
Bond
000
3%
bonds
Sale
and
;
Details—The
3Vz%
awarded
$60,improvement
r
recently to F. J. j
i
:
:
VERMONT
Y
^T
Bond
semi¬
refunding bonds offered
for sale on July 9—v. 162,
p. 184—
1956
1964,
to
1962, $4,000 in 1963
and $11,000 in 1965.
Sons, of Boston, as 1.60s, at a
price of 101.025, a basis of about
1.54%.
Dated Aug. 15, 1945.
De¬
nomination
$1,000.
These bonds
are due on August
15, as follows:
$5,000 in 1965 to 1967, and $3,000
in 1968.
The next highest bid¬
were:
Bidder
Price Bid
Kenneth B. Hill & Co.,
(For
,
l%s)
100.40
Kidder, Peabody & Co.,
(For
l%s)
-
--a-—
' .i
100.77
WASHINGTON
Clark
County School District No.
andI
QUEBEC
awarded to E. H. Rollins &
were
ders
162, p. 184—were sold at a price i;
100.21, and mature as follows: !:
in 1946 to 1955, $3,000 in
of
$2,000
Albans, Vt.
Sale—The $18,000
annual
&
Savings Association, of San
Francisco; National Bank, of De¬
troit; Union Trust Co. of Pitts¬
j
Brennan & Co. of Saint John—v.
Constitution."
&
Trust Co. of New York,
Bank
law and
'
cation,
Local
unconstitutional,
state
St.
Bonds Unsold—Fred D. Bunsen,
President
not represent the
incurring
debt for a public purpose and
of
July 25 for the purchase of $35,000 school house bonds, not ex¬
ceeding
2Vz%
interest.; These
bonds were offered on July 9 and
not sold.
,:;V:
NEW
any
does
receive
!
inet recently met representatives i
of
the
bondholders'
committee i
and officials of the Federal Gov¬
private,
Bunsen, President of the Board
of Education, has announced that
will
to
Quebec (Province of)
Debentures Offered to Public— 1
A syndicate headed
by A. E, Ames I
6
Co., Ltd., the' Wood
Gundy I
Corp., Ltd., and the Dominion Se- I
Corp., Ltd., is offering f
$15,000,000 3% sinking fund de- i
bentures for general investment '
at a price of 99.625 and accrued
interest, yielding about 3.03%. I
Denominations $1,000, $500 and
$100.
To be dated July 1 1945. ;
To mature on July 1
1960, callable 1
on or after
July 1 1958. Principal 1
and
interest.
(J-J)
payable inV
curities
lawful money of Canada in
Que-
I
114 (P. O. Vancouver), Wash.
bee, Montreal, Toronto, Winnipeg f
burgh; Brown Brothers Harriman
Bonds Voted—An issue of $80,- or Vancouver, at the holder's op- (
& Co., New York Trust Co., ,both
000 site purchase and construc¬ tion.
Legal
opinion
by Mont- ;
of New York; Northern Trust Co.
tion bonds, to bear not exceeding gomery, McMichael,
of Chicago; National City Bank,
Common, '
6% interest, was approved at the Howard,
Forsyth
&
Ker
of i
of Cleveland; First National Bank,
Quebec. '
■
■
;
of St. Louis; First National Bank, election held on June 30.
Bond
Sale—The
of Boston, and many banks ; in
3%
sinking;:
WEST VIRGINIA
fund
debentures
other cities, was awarded on July
amounting
to
West Virginia (State of)
$15,000,000, were awarded on July !
10, $22,501,000 out of $36,353,000
High Court Holds Property On 7 to a syndicate composed of A. f
Temporary Loan Notes offered for
sale as follows: $9,000,000 Balti¬ Federal Land Taxable By State— E. Ames &
Co., the Dominion i
more City
Housing Authority, Md., The State Supreme Court held Securities Corp., Wood, Gundy & ■»
Co. of Toronto, the
$4,089,000 Los Angeles County recently that although the Car¬
Royal Bank of >
Steel
Company's Canada of Montreal, the Canadian I
Housing Authority, Cal.; $900,000 negie Illinois
Bank of Nova Scotia
Middletown
of Halifax, '
Housing Authority, armor plant in South Charleston
Conn., notes, at .42%; $1,000,000 is located on Federal property and others, at a price of 98.534 a ;
of
Tenth
Series
about
and all production goes to the basis
Decatur
Housing
3.139%.
Dated
->--™ent. the firm is not ex¬ July
1, 1945. These debentures
Authority, 111.; /$2,797,000 Jersey
CHv
Fmisine
Authority, N. J.; empt from paying taxes in West are due on July 1, I960, callable 1
on and after
$1,011,000
McKeesport
July 1, 1958.
Housing Virginia.
Prin- ;
and
Counsel for the State estimated cipal
interest
Authority, Pa.; $1,000,000 Twentypayable, in '
...
315,000 series B bonds. Due May
10, 1985. Optional May 10, as
;
;
producing
use
Authority, N. J.; $488,000
Lubbock Housing Authority,
Tex.;
$2,000,000* Thirtieth Series Los
Angeles County Housing Author¬
ity, Cal., and $1,600,000, Twenty-
Tex.
Mabel
sales ^
gross
'■
ment at
ing
the
$1,-
Independent School Dist.
■■■•'■
*"
:
in
$3,000,000, Sixty-seventh Se¬
Baltimore City: Housing Au¬
Md.; $2,000,000, Forty-
seventh Series
and
\
Written by Judge Jo N. Kenna,
thority,
the
to
sewer
$300,000 to $400,000. 5
con¬
fy'-
Mercedes
ries
elec¬
system bonds in the amount
being planned to sub¬
San Antonio:
Fort
bonds
on
1945.
9,
of
The
—
an
submit
to
issue
an
for
in
$150,000
the opinion stated:
"A concern"engaged
.
Tex.
Planned
mately
taxes.
.•
furnished.
$25,000 school-
were
cently by Roger Evans & Co. of
of
Requests for copies of the plan
inquiries concerning it or any
other
question
should
be
ad¬
and
bonds
'
City Council plans to call
las.
Irving Independent School District,
levied
property
that delivery can be
objections ; to the- plan
within 30 days from this letter, it
in¬
upon all the
in the District
within the limits prescribed by
law. Legality approved: by Chap¬
man &
Cutler, of Chicago.
taxable
mum
L
Authority, La.; $2,138,000 St: Clair
County Housing Authority, 111.;
$360,000
Upland
Housing
Au¬
thority, Cal.; notes, at .44%, and
$206,000 Regional Housing Aunotes
of
14 .Arkansas
tliority
counties, at .49%. All plus small
premium.
<'j •
Salomon Bros. & Hutzler, of
N, Y., were the successful bidders
like amount
a
lower rate of
a
payable from ad val¬
are
taxes
orem
City will take base bids on
as they are at present
printed, approved by Attorney
General, and registered by Comp¬
troller, bearing 2y2 % interest and
having an option of redemption at
any time, on or after March 16,
1952.
Principal and interest pay¬
able ht State Treasurer's office or
First National Bank, Houston.
of refunding
pose
the bonds
pay¬
depend
nection
Dated Sept.
These bonds, issued for the pur¬
Monday, July 16, 1945
the
decision
involved
approxi¬
Canadian currency:
..
;
@FedFRASER