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^
MONDAY
kt>*
17 1944
\1p
fy.
>
Financial
S. Pat. Office
Reg. U.
160
Volume
New
Number 4299
General
RAILROAD
•
;
.
;
'
,
Sales
"j
of
newsprint
of
power
and
$28,673,265 $24,893,619 $25,824,784 $22,539,190
1,266,792
1,220,649
1,213,457
960.040
pulo
Sales
total
Air
of
North Atlantic crossings
366
Transport
during
Command
•
Premium
U. S. funds Cr2,466,101
.n
^Adjustments
1,168,759
;
i—_
375,127
J
meeting
Int.
and
minion
of
bonds
Can.
minor
discounts
Other
This
Issue
Other
-
$8,749,392 $10,126,499
$9,808,093
Stock and Bond
$8,571,183
383,678
$9,161,761 $10,527,440
412,369
400,941
334 124
Balance
-$8,187,505
'-k iv"*'
Cash
4,587,699
3,241.467
Boston Stock Exchange____i._-.--~Chicago Stock Exchange.—
Cincinnati Stock Exchange—
8,023,333
deposit————__—
market value
on
8,012.917
231,553
current
1,895,066
1,410,502
2,026,622
1,778,876
^,747,183
4,080,181
8,529,075
75,995
other subsidiaries—-!.—
assets of
67.872
Inventories
trustee for bondholders
Deposits with
subsidiaries
wholly-owned
office
and
estate
deficit
buildings.
the
ership
328,546
operations
.?
*
v
:1
\
•
Total
•
1:
Liabilities—
zz
General
against
/..
2,616,141
:
to
2,549,299
750,998
750,998
re-
7%
6%
_________z.—
-1,500,000
——__—_
mortgage
stock (1,088,117 no par
Nominal
surplus of period prior to
——
<
a
greater
taxes
than
7.401,677
865,414
1,065,657
827,670
12,165,039
10,075.035
12,767,474
850,126
2,070,904
1,948,060
24,079,064
23,073,463
—__
Int. ,& .other
___
9,794.948
22,806
26,040
257,377
289.222
1,974,101
24,336,441
23,362,690
1.032,320
972,268
12,044,008
11,767,020
1,061,390
1.001,832
12,292,434
11,595,670
1,693,231
1,064,700
9,896,456
9,294,620
_
Divs.
for
com-
stocks
mon
;
deducts.__
earned
Eal.
stocks
cOm.
cn
Undistrib.
Banks
Member
cf
income
net
consol.
of. subs,
■; Amer.
of
L—z___—— 262
t62,868
2,395,977
2,301,050
t62,8G8
2,395,977
2,301,050
1,693,231
:
.
243
z
Am.
of
Income
243
Elec.
Gas <fe
1,064,700
9,896,456
9.294,6£!0
1631,841
•
Co.
t63l,841
Undistrib. -net income—
Elec. Co.
Gas
'
&
from subs.
consolidated:
Divs. on com. stocks.
Dlvs. on pfd. stocks.
Int. on bonds & adv.
•
*
'
ZZ
AZ
Capital Flotations for June and First Half
of 1944
——263
—
38,383
54,165
626,038
649,978
62,837
63,838
760,162
789,214
2,163
3,324
.31,408
40.089
1,164,773
1,123,159
13.710.C42
13.074.952
income
130,224,317 138,082,938
Total
,■
—
.
taxes
net
31,775
20,582
287,735
260,408
1,102,578
13,422,308
1,059,834
12.814.544
deducts,
1,132,998
87,949
& exps.,
Washington, D. C.—
Balance
;'t
s
the
mately
same
:.\'.Z z
90.1%.
z-
V
v;,
z
•; ,z;.
•:
Command made 1,006 North
Atlantic crossing and flew 4,262,970 plane miles.
On the company's
domestic operations flagships in regular service flew 11,987,587 revenue
plane miles; 11,897,341,213 mail-and express pcund miles, and 190,547,597 revenue passenger miles.
'
:z
v.Federal
/
Obituary—
R.
Vice-President,
died
July-7 at the age of 45 years.—V. 160, p. i;z"
in
^
,
v"\z''
mon
Operations figures for the transatlantic routes which American Air¬
crews are flying under contract to the Air Transport Command,
well as for its domestic routes, showed an increase during the
month of May in every category, the company announced July 6.
Pre-invasion acceleration in the delivery from the U. S. of cargo and
lines
as
,
■personnel for the European fronts accounted for the sharp Increase
transatlantic figures from the million plane miles flown in each
the two preceding months to 1,349,694 plane' miles flown in May.
in
of
Missouri
RR.'has
Pacific
just placed
an
860,759'
10,081,107
9.413,875
post-war credit,
part of which is to be
realized
Plans to
Co.—Freight Car Order—
Acquire Holston River Power Co.—,
;
^
filed ~a proposal July 7 with the Securities and Ex¬
Commission fbr the purchase from Republic Service Corp. of
the outstanding securities of Holston River Power Co. for a base
company
change
order with the above com¬
This is
the first railroad ever
;
f
Materials for building the cars are all available and work will com¬
mence immediately at the company's St. Louis,
Mo., car shops where
they will be built.—V. 160, p. 1.
.•
• V
z
alloy hopper cars of 70-ton capacity.
to place such an order.
;'j.
; Z j
aluminum
for 25
10%
on
"
pany
—
the
the provisions of
X,
z
stock
deducting
and excess profits taxes for
The
American Car & Foundry
624.538
1,689,209
»•,*.
as a result of debt retirement.
If Federal income
the year 1942 were to be restated to reflect
the Revenue Act of 1942, as enacted in October, the
tax charge for the 12 months ended May 31, 1943, would be $19,186,896
(instead of $20,169,150);
+Loss./
currently
"
Higher—
'
592,157
1,689,209
848,703
Bal. earned for. com¬
'After
"
*
Ohio,
Cleveland,
1,086,922
11,173
140,767
55,578
.
z
\
^
,
Thompson,
8y,878
140,767
taxes—
pfd. stock—
income
Divs."on
under contract to the Air Transport
Hollis
American Airlines, Inc.-^-May Mileage
■
During the first five months ending May 31, 1944, American Airlines
crews
the first six months of 1943.—V, 159,
-Zr/zz;£.■*''
The average plane load factor remained approxi¬
at 80.7%,. with tne passenger load factor averaging
total of 47,977,771.
miscell.
&
Int.
announces
the increase for
5.783,421
13,562,616
7,896,640
prof, tax
—
-y;t._' ;•'
2409.
7,572,393
13,952,422
613,552
2,093,710
Transactions New York Curb; Exchange.—
3,041,714
that June was the greatest month In
Acacia's 75-year history.
It also marked the 14th consecutive month
in which production has been higher than any other such month.
March of this year was the previous high month, but this great
record did not stand for 90 days. ? June. 1943, which up to that time
was
the best June cn record, was topped by a 35%
increase.
/
Quite appropriately the outstanding production of June also marked
the close of the greatest half-year the company has ever known.
The
$42 910,000 placed was 47%
greater than the same period last year.
A net'increase of $31,640,000, also the largest ever recorded, was 67%
p.
491,222
1,151,465
•
700.084
Other income
Record Month—
company
34,620,550
40.17L148
672,356
taxes.
Operating income
Transactions New York Stock Exchange
1,000,000
18,964,935
■
The
2,JB03,492
115,911 741 107,004.154
1,170,469
excess
Gen.
June
9,001,118
9,766,953
3,437,604
$
$
g
—
'Fed.
,
.
Acacia Mutual Life Insurance Co.,
1944—12 Mos.—1943
..
■
Income
'Federal
Other
~V.. 159, p. 2625.
Subs.)—Earnings-
1944—Month—1943
•■■"v
Depreciation
Investment News. 217
Sales.
273
Federal Reserve System.—
34.881,800
18,964,935
__
1857,
'
■'
*
1,500,000
1,000,000
receivership
Total
p.
—
75,394,191
34,881,800
shares)
Common
-
70,610,443
gold bonds
—
i
cumulative preferred stock ($100 par)_—_
cumulative preferred stock ($100 par)—
first
159,
--z
Subs. Consolidated—z,
Clearings—.——— 260
Statement
Condition
-•
gencies'
5%
•.
.American Gas & Electric Co, (&
■
Foreign Exchange Rates_—————_—— 270
Combined Condition Statement of Federal
Reserve Banks
• 262
contin¬
and other
$2,587,718.-r-V.
• "*•
total,
■-
•'•■'-■ ■'■.
Maintenance
The Course cf Bank
130,324.317 138,082,938
■
incurred prior
■■jrjisr
(estimated). $15,091; lease deposit, $200;
June 1, $28,925; accruals, $56,565; .reserves, $800,250;
$231,400, capital surplus, $410,000; earned
($1- par),
$488,220;
surplus,
:Z:"v."
Redemption Calls & Sinking Fund Notices. 268
Dividends Declared and Payable...
268
14369,266
'
inventories
stock
common
257
259
State and City Bond Offerings and
13,297,376
.
receiver
claims
creditors'
Reserve
'iV\.
.
,.Z
y
$100,000; Federal income tax
dividends payable
.
Miscellaneous Features
reor¬
——
of
liabilities
Sundry
of
—
—
"
$74,997;
taxes.
256
General Corporation and
6,410,657
period
during
;
ganization
~
*
accounts
accounts payable, $382,070;
payrolls and with¬
provision lor estimated renegotiation adjustment,
Liabilities—Trade
held
Exchange_____.____________
292,809
281,140
_____—
from
Deficit
z.
charges, $35,071; total, $2,587,718.
ment; $474,798; patents,. $1; deferred
Operation
328,395
:
receiv-
to
.Z'.
19,858,987
——'
period prior
Z-
hand, $661,585; trade accounts re-
doubtfjul
for
Operating revenue"
Over-the-Ccunter Markets.
38,245,799
—_——
______
of
banks and cn
in
257
Slock
'$23,077
'$33,729
$62,435
allowance
(less
257
Toronto
1,431
*
256
Montreal Curb Exchange.—c
3,804
22,486
Balance Sheet, June 1, 1944
Z'z
Other
28,776,654
-
Nominal
w.
14,818
475,174
recovery)—.
of $2,000), $626,259;
"-advance to vendors, $77,184; U. S. Government receivables, $9,7a0;
inventories, $642,605; other assets, $60,476; property, plant and equip¬
255
255
256
J
"$21,647
___—
Toronto Stock Exchange—Curb Section——
1,500,635
17,533,053
Prepaid expenses
'-izJ
Montreal Stock Exchange—_j_
other
wholly-owned subsidiaries-———:—
Investments in mills and equipment, railways,
wateipowe^s, tow$sites ana building (net)—
Timber concessions and freehold timber owned
Real
Pittsburgh Stock Exchange.-V-
_
St. Louis Stock Excliange-_____-;___z—____
36,134,603
1,500,635
______
corporations
of
shares
in
.z
«
■'■■'thin
—
Philadelphia Stock Exchange—:4
15,000
33,957,134
Angeles Stock Exchange
;
~
Payment to trustee for bondholders—
—
Investments in securities oi and advances to
Investments
Los
*
H. Mead Co.___
—
32,080
'$52,410
.-
ceivable
254
254
254
255
Detroit Stock Exchange
'
7,645,269
from G.
(less reserves)_'
customers'
receivable,
Accounts
Receivable
Net
sundry bonds
11,822
$552,427
;
—
(tax
taxes
Assets—Cash
t
■
253
Cleveland Stock Exchange
222,953
$
'
*
in
1942
$
:z zzaz-Zz:-
ZaZZ
and
hand
on
Investment
•
$53,726
11,492
deductions
yZ':^
.
v;
Domin. of Canada bonds at ccst &
'
279,131
$64,232
'Loss.
(Bonds)_______ 244
New York Curb Exchange=
248
Baltimore Stock Exchange.
______;
253
Balance Sheet, Dec. 31
1943
if-
629,754
$540,936
Profit for quarter——
r
Stock Exchange
York
New
and general expenses. tEstimaied adjustments (net)
with Cccmmcdity Price Stabilization Corp., \
Ltd., in respect of sales and costs and exchange premiums.
"" v
Assets—»'
Quotations
zziv v v vs- VPage
New Yofk Stock Exchange (Stocks)
.z 233
'Including adm. superintendence, selling
•
1,986,963
—-
income
Profit
21,629
9,479
13,219
$10,142,219
,/
.'
$225,404
selling, ad¬
and
Operating loss
In
66,209
deductions
Other
.
$565,521
$2,527,899
:
sold
including depreciation
a
26,250
prof.
oper.
Total
,
1942
ministrative and general expenses,
•,Pederal
•
1943
1944
less returns, allowances
of "goods
Cost
Do-
of
sale
on
Sund.
earned
disct.
&
Profit
.
Co.—Earnings-
American Forging & Socket
Quarter Ended May 31—
Gross sales,
$8,422,493
127,061
$8,939,855 $10,380,542
221,747 ;
208,687 '
137,419
$9,828,012
Balance
«
of
'■'•
V"
*
>
Adjourned—
stockholders which was scheduled to be held on
July 7 has been .postponed again without date because of lack of a
quorum.—V. 159, p. 2513.
%
The
__ZZZ".:
V.
MISCELLANEOUS
-
American Distilling Co.—Meeting Again
were
May,
April.
$23,499,230
18,772,143
18,523,349
16,535,524
Crl.972,857 Crl,865,651 Crl,456,787
21,429,387
•Operating costs
-
INSURANCE
-
$29,940,057 $26,114,268 $27,038,240
i'. Total
■
1940
1941
1942
1943
" Calendar Years—
;
INDUSTRIAL
-
made by American for
comparedv to 222 during
:
v... .
Z ;
■-ZZ
On
the
domestic front Charles
A. Rheinstrom,
Vice-President of
traffic, announced that revenue plane miles flown were up to 2,847,839
in May, an increase cf 13.3%
over April and 31.1% over May, 1943.
Pound miles of mail and express flown reached a total of 2,520,897,109,
up
32% over May, last year.
Revenue passenger miles flown were
18.6% over April; 30.3% over the same month last year, and reached
A
the
subsidiaries, but exclusive
of Provincial Paper, Ltd.)
.(Including also the results of wholly-owned
r
Copy
a
Corporation and Investment News
Abitibi Power & Paper Co., Ltd.—Annual Report—
.j
60 Cents
Price
York, N. Y., Monday, July 17, 1944
PUBLIC UTILITY
•
'
T all'
i
price
of
common
The
$715,306.
stock.
Holston
he securities consist of 7,136
shares ($100 par)
Total cost of the acquisition is estimated at $731,000.
properties are located in the southwestern part of Vir-
ginia.
Republic would sell the
; plan order by the SEC.,
.
a
•:»
securities as part of the reorganization
:
\
.■
t
found
small
:
FIRM
SPECIALIST IN
Bids
-
FLORIDA & NEW JERSEY
'i:
"
.
MUNICIP
■"
-
* "7"
;•
f.
•
For
0"
^DEPARTMENT
qALLEN & Co.
Established
Telephone:
HAnover 2-2600
1922
Bell
Tele'type: NY 1-573
i 1
^
.
.
,
INCORPORATED
Z
^
t
I
NASSAU
STREET,
NEW
-
YORK
Philadelphia Telephone
REctor 2-3600
Enterprise 6015
>
fj
z
>
•
'
which
,
are not
,
h
\
5
Bell
Teje^yne
New Vorfc«-i-,«i7dl
,
\.
»
N
|
I
INQUIRIES INVITED
HILL, THOMPSON & CO.,
.
|
j
readily marketable.
^
'
Members New York Security Dealers Association
"I
BLOCKS of SECURITIES
.
Telephone
us an
•
Brokers, Dealers, Institutions, Corporations
45
NEW YORK 4, N. Y.
•
Offerings
Kobbe, Gearhart & Company
,
80 BROAD STREET
-
Unlisted Securities
Municipal Bonds
Banks, Corporations and Individuals have
effective market place for large or
|
-
120 Broadway. New York
5, N. Y.
INC,
1
that
of
the
territory
bining operation
April 30—
profit from
Gross
1943
1942
$4,980,235
$4,948,890
$3,094,466
mfg.
&
gen.
$4,709,823
admin.
Selling,
1,284,055
1,624,718
1,547,922
$3,696,179
$3,324,172
$1,546,544
29,301
12,695
23,985
Dr39,993
_—
expense)
(less
——
$3,354,554
2,230,043
Prov.
for
Prov.
for
year.
$1,124,506
{$928,347
stock—
stock
210,483
385,763
514,351
taxes
income
for
Divs.
on
pfd.
Divs.
on
common
514,351
848,679
excess
,share.
<U.
marketable securities, $2,750,000; accounts
$3o7,836; accounts and notes receiv¬
$3,523,058;
8.
30, .1941
Balance Sheet, April
Consolidated
Assets—Cash,
receivable
Government),
discounts, allowances and doubtful ac¬
counts and notes of $230,415), $980,366; accounts end notes receivable
(other), $42,820;. inventories,
$3,954,422; post-war refund of excess
prolits tax, $334,587; non-current investment and receivables (net),
$628,705;
plant
and equioment (less reserves
for depreciation of
$8,978,453); $6,875,870; deferred charges, $76,218; patents (less amort¬
(less
trade
able,
total. $19,643,933.
$110,051;
ization).
for
reserves
accounts payable
(less U. S. tax sav¬
ings notes and accrued interest thereon of $1,688,601), $916,443; ac¬
crued
liabilities,
$368,950;
reserve
for contingencies, $325,000; 6%
cumulative
preferred stock
(par $100),
$3,507,500; common stock
'(528,057 no par shares), $8,800,950; surplus, $5,369,772;-surplus' re; serves,
$69,870;
treasury
stock,
Dr$215,751;
total, $l9,b*8,yj3.—
V.
160,
1.
p.
*
:
Machine
American
$300,880;
income and excess prolits taxes
*
and
Inc.—Debentures
Metais,
&
underwriting group headed by Hornblower & Weeks on July 13 offered $2,000,000' 15-year
Stock Offered—An
accrued interest.
;
:
100 and
1959, at
due
debentures,
fund
sinking
-.4%%.
/
•
given the right to
Stockholders of record July 12 are
-
'
'
Debentures
Weeks..
& Webster and Blodget,
Stone
Stearns & Co.
Bear,
Prin¬
July 1, 1959.
1, 1944, and are due
dated July
are
Inc
—
s.——*—
Dav.is & Co
H.
Paul
Fully registered
thereof,
Penn¬
Hemphill, Noyes <k Co.
1
White, Weld & Co..——^
refunded to'the
debenture holder. \ A sinking fond sufficient to retire about 67.%-pf
the
debentures by' maturity
will start with payments sufficient to
retire $80,000 principal 'amount' in 1945 and in 1946, the annual amount
four
sylvania
.
registerable as to principal.
of $10,000 or multiples
of $1,000
denominations
in
debentures
mills
paid
tax
the
by
company
or
!
price
retired
their
for
or
redemption,
July
on
WV*%, and 1958, 10(m%.
J
be made one year In advance of its
fund redemptions, debentures may
be redeemed on any date prior to maturity at the following prices,
together with accrued interest to the redemption date:
To and includ¬
ing July 1 of each year; 1945, 103%; 1946, 102%%; 1947, 102%%;
1948, 102%%; 1949, 102%%; 1950, 102%%*, 1951, 102%; 1952, 101%%;
1953. 101%%; 1954, 101%% ; 1955, 101% ; 1956, 100%%; 1957, 100%%|
1958, 100%%; beginning with July 2, 1958, 100% until maturity.
1956, 100%.%;
100Va%;
.
.
date.
addition
In
received
the
1944,
one-half
of
such
'
.
' \
•*
„
I
.
5,992,980
.2,619,730
'
,
—
Property retirement and *«
'
*
t
« •
Other
11,737,412
11,819,555
9,999,606
79,985
40,286,956
379,235
Gross income
Interest
to
10^079,591
40,666,191
40,674,253
)
3,880,633
15,896,758
4,096,878
(net)
■
of
Proceeds—The
Capitalization
as
divs.
'Portion
-
of March 31, 1944 (adjusted to give effect
.
appllc.
6,847,756
fund
Capital stock
♦The
(no
par)
outstanding
capital
stock
held
in
500,000
the
stock
does
company's
1930,
and
the
for
Business—Company
purpose
of
predecessor
a
46,710 '
10,728
■
Net equity of A. P. & L.
in income of subs,—
lished
were
prior
to
1870."
acquired:
Manganese Corp.,
HaJliwell-Shelton
Shortly
E
D.
In
Co.,
the
assets
stocks
E. D.
this
in
Delaware
equity
Other
(as
business
Man¬
of
shares of
of
the
capital
a
business estab¬
following- companies
Anderson, Inc., United States
Co.,
Inc.
reorganization
the
(N.
J.)
interests
income
Inc., United States Manganese Corp., and Manhattan
Co., Inc. (N. J.) were liquidated.
From time to
time
the comnany acouired the businesses of Riehle "Prus
T°«t*no*
Machine Co., Tolhurst Machine Works, Inc., and the DeBothezat Im¬
Supply
peller Co.,
Inc.
also
It
acov.ired
the
businesses
of
Schlangen
^
17,874,967
4,398,437
17,874,967
thus
leaded
ment
from a holding to an operating company'
the manufacturing operations were concentrated in the
completing the change
1936 all of
laundry
machinery
factory
space
supez-vision.
plamt at East
elsewhere and
The
beauty
Moline,
111.,
thereby eliminating
simplifying problems nf manage¬
parlor equipment* business previously
44,504
273,760;
$22,291,219 $21,372,333
,.
130,228
excess
stock
A
common
Class
B
common
Earned
dues.—_—
(300,000 no par shs.)—
surplus
fxfx
38,834
18,819 1
>■,.
■■■■
..
4,271,424
.18,005,195
87,053: t: 468,104
taxes
?,
87,940
-
378,267
>
* 90,988
earned
3,510,308
surplus
is
tax
system
(Full
of
requirements applicable to
dividend
or
14,742,755
3,570.047
unearned—V.
160,
p.
114.
Gross
Other
profit
Operating
rev.
oper.
Co.—Earnings—
Other
Prov.
•
"1944—Month—1943
1944—5 Mos.—1943
$19,499,605 $17,843,345 $96,445,085 $91,413,595
i
93,500
84,000
434,500
460,500
revenues
Uncollectible
$19,406,105 $17,759,345 $96,010,585 $90,953,095
expenses
11,426,892
10,886 960
56,338 499
47,041,000
taxes
;—
5,989,235
4,577,279
29,960,172
30,986,233
Operating
Operating
Operating
revenues—
Net
oper.
income
—V.
159.
p.
$1,989,978
_
i.
2514.
$2,295,106
326,656
income-
595,775
$9,711,914 $12,925,862
41,069,766
43,781,342
taxes
income
Profit
for
the
Earnings
per
the
Arkansas-Missouri Power Corp.—Declaration Effective
SEC
on
souri
Power
open
account
Co.
July
Co.
share—,
refund
post-war
Balance
for
5
issued
a
base
indebtedness of
an
order
approving
consideration
$30,000
owing
of
by
a
$600,000
and
(b)
an
East Missouri Power
160, p. 114,
to Arkansas-Missouri Power Corp. for $30,000.—V.
$898,346
236,590
236,590
420,723
420,723
$2.42
credits
of
$276,000
in
1943
$1.57
au-i
Sheet
Dec.
81,
1943
(including time deposits, $1,147,-
notes and accounts receivable (less reserve for doubt1
of $125,202), $4,744,429; inventories of raw
notes
and
accounts
materials
and
supplies,
ful
$159,808;
$703,470;
$17,616,456;
expenditures
for
war
facilities,
investments in and advances to, $3,696,538; other assdts,
buildings, machinery, equipment, etc. (less reserve for
land,
depreciation and amortization of $4,763,663), $6,230,821; patents (less
amortization) $25,794; deferred charges to operations, $338,135; total,
$39,543,126.
.
.
$13,750,000; accounts payabletrade,
$1,746,227;
accounts
payable—subsidiary
company,
$4,677;
credits to employes under war bond purchase plans, $195,462; accrued
salaries, wages, commisions, taxes, etc., $831,602; provision for pay¬
ment to U. S. Gov. resulting from renegotiation of 1942 war materials
\
declaration filed
regarding the proposed sale to Central States Edison, Inc. of (a) 14.547
shares of common stock (all such outstanding shares)
of East Mis¬
The
$1,256,837
$187,500 in 1942.
388), $6,027,674;
of
output
J
—
„„r_—
common
deducting
1,687,500
500,000
—
year
dividends
480,000
570,000
2,484,000
500,000
...—
dividends
Preferred
Common
1,956,425
—
taxes
contingencies
for
88,075
421,879
- -
—.—_
...
profits
excess
Assets—Cash in banks and on hand
electric properties of this company for the
week ending July 8,
1944 totaled 75,909,000 kwh., an increase of
0.86% ever the output of 75,263,000 kwh. for the corresponding week
of 1943.—V. 160, p. 114.
%
Power
$5,610,346
—;
to U. S. Gov. resulting from
of war materials contracts..
•
Provision
„
American Water Works & Electric Co., Inc.—Output—
:
-455,346
$5,232,716
;
charges
Federal
I
498,410
for payment
"Federal
•
$5,155,000
$4,734,306
—
income
"Aft^r
Net
1942
-
$46,542,033 $34,902,292
35,256,885 23,905,555
740,321
538,435
5,810,521
5,303,240
-
income
Total
respective periods whether
\.f
American Telephone & Telegraph
Period End. May 31—
——
and amortization.—
expenses
general and administrative
Selling,
renego.
-
—
14,271,248
in the statement as required
regulations prescribed for registered
accounts
cost of sales
for depreciation
1943
'
-
-
Manufacturing
,
in-this position
shown
and
public utility holding companies.
the
:
Co.—Earnings—
% Sales
>.
1,191,650
1,329*972
'
Years—
Calendar
.
$22,291,219 $21,372,383
BauSch & Lomb Optical
17,733,307
.*
2,452,280
2,733,644
'< 342,056 »;
352,148
669,168
310,629
21,559
4,206,333
14,400,000
840,000
——
—
—
——
159, p. 2.
—V.
'
4-.417.256
93,985
579,191
deducts.
...
TotaT
$402,209,
396,712
25,814
4,794,989
14,400,000
840,000
taxes..'
(400,000 no par shs.)
stock
'I.
$503,733
accrued liabilities—
profits
(net)
Reserve
64,850
,
and
payable
and
Income
17,670,457
?*
other
"Income
Manu¬
facturing Co. and Oil Products. Appliance Co.
By the end ef January
1937, all of the active subsidiaries had been absorbed bv the company'
In
Accounts
17,670,457
4,398,437
?
—
'
and
"Income
and
in
-
-
Other taxes and stumpage
4,232,590
Expenses
Int.
Corp.
corporate
582,504
16,092,742
222,409
:—;
I-
.
1942.
$570,394
863,181
537,645
20,000
2,387,653
44,504
and other companies
charges
Total
-»
4,232,590
Total'
;
stock of
Anderson
Electrical
Deferred
:
associated
in
•
31
528,847
16,208,412
logging opers.
....
Investments
•
above)..
.•'•■/V'.Y-.'• .'X'" V,;'i:}:
in
The most imoortant assets
Manhattan Electrical Supply
Electric
following
and
Inc., which conducted
addition,
Trout Mining Co.,
The
:
-
Amer. Pr. & Lt. Co.—
Net
of
shares
corporation.
incorporated
hattan Electrical Supply Co.. Inc. (Mass.).
thus acquired were all of the outstanding
Troy Laundry Machinery
shares
$750, lilt'
600)000
1943.
$1,455,226
979,148
684,395
20,000
.2,148,2.78
1
Properties
55,715
shares now offered.
was
acquiring
35,043
but. includes 68
treasury,
reserved for exchange for shares of
outstanding stock includes the 68,450
History
'■'342,250
include
not
less
Expenditures on current season's
$2.00Q,000
(shares)
'
guaranteed deposits.
reserve—
;
—
——
Class
to present
$2,000,000
capital
deposits
"
earned
debentures
•
-
*,
and
Inventories
7,168,624
)
10,681 *
interests
Authorized Outstand'g
,
Sinking
-
■
receivable
Accounts
Trade
'
24,894,796
1,789,793
1,536,484
public
to min,
to
24,769,433
6,198,958
5,779,755
Balance
tPfd.
by
financing)
,
_t
.
•
Prov.
temporary bank loan.
:
Marketable securities
commission.
the $3,000,000
501,452
$539,371
400,000
Liabilities—►
net
proceeds tc be received by the company
from the sale of the debentures and capital
stock wW >>e a.oniled,
together with additional funds from the company's treasury, to repay
——-—
banks and on hand.——
in
Cr9,029
408,745
:
Assets—
.
50,000
430,523
135,522,
Cr7,373
^
Consolidated Balance Sheet, Dec.
'
Bal. carried to consol,
Use
profit
Dividends paid
15,779,457
-
and
public
deducts,
other
9>876,633
-——
Net
Cash
8,383
50,000
433,954
140,595
subsidiary company————
♦Profit of
6,504
8,006
—
Estimated income and excess profit3 taxes.
40,'408,718
265,535
' '
(net)——
income
64,130
64,130
.
——3,393
'
2,944,164
9,780,874
95,759
revs.
$1,937,599
———$1,640,822
—
pension fund—
Depreciation
1.
lr Depletion —
f
*
*
-
:
-,, •.
—
Employees'
1944x42 Mos.—1943t
*
<
,
$1,465,229 $1,776,021
175,593 ,161,579
-
—
fees
Directors'
;
t
' " "
expenses.—
remuneration
Officers'
,
•;
1-
Net oper.
company
-
$6,992,759 * $6,817,509
5,527,530
5,041,488
-
-
sales and
Cost of
1942
1943
sales
Total, income
2,937,631
depl. res. approp. — _
,%
»
Authorized1—
Ltd.* {& Subs.)—Earnings
Bathurst Power & Pape.r Co.
$ »
$ '' • '
$
32,339,255 139,339,047 1Z7.000.003
11,849,742 54,494,647 48.308,292
4,872,663 22.796,083
16;527,398
2,673,080 10,023,949
9,936,040
$
..
•
taxes'——I.
Other taxes
' '-r
*
<
I
'
.»
extra dividend of 10
an
Calendar Years—
Net.
.
Co. (& Subs,)—Earnings—.
34,891,436
13,560,221
•
Operating expenses ■:
Federal
•
•
1044—3 Mos.—1943
■»
,.,
Subsidiaries—
'
Gauge Co.
acquired control of The United
States Gauge Co. when it purchased from J. W. Place, 14 Wall St.,
N. Y. City, President of the Gauge company, for $3,000,000, 3.989 -of
the 4.000 outstanding shares of common stock and 491.6 of the 2,000
outstanding shares of preferred stock (both classes $50 par).
The
acquisition was financed by a temporary bank loan of. $3,000,000 which
was
secured by pledge of the purchased shares. * The price paid for
the shares was arrived at as a result of arm's length negotiations
between Mr. Plate and officers of the company extending over a period
of
several months.
Company subsequently acquired two additional
shares of common stock and 184.4 additional shares of preferred stock.
The remaining nine shares of common stcok and 1,324 shares of pre¬
ferred stock are held by others.
Upon the payment of the loan of
$3,000,000 all of the shares of the Gauge company owned by the
company will be pledged with the trustee under the indenture pursuant
(;o
which
the company's $2,000,000
debentures now offered -"'ill 'he
issued.
Company paid- a commission of $75,000 for services rendered in
negotiating and consummating the purchase 'of such shares from Mr.
Place.
Hornblower & Weeks, who are one of the principal underwriters,
20,
J
Operating revenues
may
Acquisition of the United States
March
On
-
sinking
to
'
4
J
Period Ended—
*
1957,
Any sinking fund payment
due
I
a
American Power & Light
!
at following
1949 and
and 1955,
of each year,
1
(
_
*' '
Dividend—
semi-annual, dividend
regular
Legal expenses
to
^
v:
.
authorized the issuance at par of not exceeding
$1,200,009
of promissory, notes, series D,
in further evidence of,
but
not in payment of,
the unpaid portion of the cost of certain
equipment
to be
acquired under a conditional-sale agreement.—
•V. 160; p. 3,
1
;
capital
of
.
)'^
«'Jr
D
I
'
,\
1
listing,'of, 6fl(,450
authorized the
Stock Exchange has
shares
pursuant
~
'
sinking fund redemption prices;
1945 through 1948, 101%
1950, 100%%; 1951 and. 1952. 100%%; 1953, 100%%; 1954
,
York'
New
'
,
the
Gross profit
—;
Nod-operating revenue*
stock" (no par ) on official .notice , of
proposed offering making the total amount
appljed for 342,250 shares.—V. 160, p. 113. *
.-»r
""« •:<
f
* ,
'
-J
* "
'4
theheafter
increasing
The
additional
issuance
by. $5,000 every two years to
$100,COO In 1953 and in 195**1, and then increasing to $110,000 annually
in 1955 through 1958.
Sinking fund payments will be used for pur¬
chase of debentures at not
exceeding the sinking fund redemption
be
to
Capital.Stock—
Listing of Additional
/
~
The ICC on July O
;■ 10.0
200,000
r
*,•
Baltimore & Ohio RR.—Notes
•
10.0
C 10.0
—
denomination
in
S
cents, per share
of 10 cents per share on the
stock, par $5, both payable Aug. 15 to holders of record July 31.;
-On Feb. 15 an extra of five.cents was paid, as compared with extras
of 10 cents'each on Feb. 15 and Aug. 15, 1943.—V, 159, p. 106.
10.0
200,000
200,000
——----
:
directors have declared
The
and
24.5
,
'
K" capital
.10.0,
200,000
Graham. Parsons & Co.-,—L
-
,
200,000
——
i.;
interest (Jan. l and July 1) payable at-principal-office of
the trustee, New York Trust Co., New York 15, N. Y. Coupon debentures
and
/, •«'
♦,
Baltimore American Insurance; Co.—Extra
Stock
25,5%
Debentures
$510,000
490,COO
&
Hornblower
underwriters.
cipal
publicly held debentures.^—V. 149f, p; 1169.
'*r<
'
which each have agreed
Name—
Unsubscribed shares will be taken up by the
Chicago.
*
•
several underwriters, together with
and the percentages of .the unsubscribed
to take, follow;
.
/ ;
debentures
opinion approving the
a
upon as a result of this application," and to
use the balance of the
'$150,000 not expended in accepting tenders for purchases in the open
market through regular securities dealers..
~
'
Company seeks to acquire only the publicly held bonds and deben-";
'tures.
The
bonds are unsecured; and are of equal rank with the
Adjust¬
of
amount
Co.—To Retire Securities
issued its findings and
5
proposal to use $150,000 of its cash funds to acquire and
portion of its outstanding bonds and debentures. ; The com-1
pany proposes to send letters to the holders of its bonds and deben¬
tures asking for tenders, to accept for purchase and retirement bonds*
and debentures which are- offered at prices within a range "decided
Underwriters—The names of the
the
stock
July
on
company's
19?4, the Gauge company agreed with the Price
the amount to be refunded in respect of .renegotiate
No adjustment will be required for 1941,fo;-"s; . {
2942.
SEC
.retire
Board upon
in
f
Corp.—Sale Authorized—
Judge
Associated General Utilities
The
'
On May 26.
below production of 109,770,842 units a year
114.
Vincent L. Leibell on July 7 authorized the trustees
to acquiesce in the sale by United Coach Companies of 2,856 shares
of the Massachusetts North Eastern Transportation Co. for $71,400 to
Russell B. Stearns,and Associates.—V. 159, p. 2186.
•
sales
was
units or 1.4%
Associated Gas & Electric
'
ment
7,
160, p.
Federal
,
;
Group
1,502,577
ago.—V.
,
shares (no par) capital stock at $9
per share in the ratio of one new share for each four
shares held.
Subscriptions expire July 25 and are payable at office of Bank of the Manhattan Co., New York,
or
Continental Illinois National Bank & Trust
Co.,
ended July
Electric
.
'subscribe to 68,450
Co.—Weekly Output—
Associated Gas & Electric Corp. report for the
1944, net electric output of the Associated Gas &
108,268,265 units (kwh.). This is a decrease of
of
trustees
Tne
week
surplus water and ^cids in the
finishing process; in the metals industry as an aid in enameling and
galvanizing operations and in recovering cutting oils from metal chips.
DeBothezat
Ventilating Equipment Division—Company's
fans and
blowers have been developed and improved from axial flow types of
fans formerly manufactured by DeBothezat Impeller Co., Inc., which
was founded in 1C2S.
The equipment is used in vent sets, roof venti¬
lators. bifurcators and for cooling internal combustion engines.
Riehle Testing Machine Division—The
testing machine • business is
the oldest of the
company's'lines, dating back to 1826.
Company
manufactures screw-powered and hydraulic testing machines of capaci¬
ties from 10,000 to 300,000 pounds, and on special order, larger sizes,
capable of performing tensile, torsion and compression tests on metal?,
cement, and other materials.
Other equipment in the line is designed
for impact and hardness tests.
Under a contract with Vickers. Ltd.,
of England
the company is sole United States agent, for sale of
Vickers hardness testers.
Customers for the company's testing equipment include metal working and producing industries, foundries, highway departments, private and Government laboratories and educational
institutions.
Way-time, production has. brought about increased use 01
precision testing machines as nroduction tools for etep-by-steu. checktesting in metal working industries and this may lead to more general
post-war use in manufacturing and construction work. .-v.
Renegotiation—Company has made final settlement in respect to all
business subject to renegotiation to Dec. 2J,"1943.
No provislpn has
been
made in the company's 1943 accounts for reduction in profit
(which will be after deduction of Federal excess profits taxes applic*: able
to any reduction of the-gross proceeds of the contracts) which
may result from renegotiation for the year '1943.
Renegotiation pro¬
ceedings-for that year have not been commenced.; If a refund were
( required on the1 same general basis as the settlement for the preceding
year, the net nrofit for 1943 would be reduced by about,; $70,000.
It is
? the opinion of the company's officers that because of the substantial
price reductions made during the year, no renegotiation refund should
required for- 194:3
■*"■
-■ "-*-*■ ■*j-;
-• *.
i *- ■■■,
•
Electric
Missouri
Associated Gas & Electric
-
i
(trade),
payable
Liabilities—Accounts
{other), $200,319;
.
a hearing for July 21 on the application
Co.,
a
registered holding company, and its
Southern Public
Service Co.,
wherein it is
proposed, among other things, that Missouri Southern Public Service
Co. sell all its physical assets to New-Mac Electric Cooperative, Inc.
(a cooperative corporation incorporated in the State of Missouri)
for
a
base cash consideration of $170,000.—V. 159, p. 2410.
extract
to
industry
textile
the
in
{$1,433,679 {$1,110,127
210,700
211,422
211,890
<
Sale of Sub.—.
on
reconvened
has
Associated
subsidiary,
Division—Centrifugals are manufactured under
the long-established Tolhurst
name for use in the chemical and
pharmaceutical industries for the separation of liquids from soiids;
profits taxes,
{Includes excess profits
taxes (less post-war refund of $191,726 In 1944 and $215,216 in 1943)
of $1,720,907 in 1S44 and $1,940,635 in 1943,
{Equivalent to $1.73 in
1944,
$1.39 in 1943, $2.38 in 1942, and $1174 in 1941 per common
$1,312,735
♦Includes
restrictions,
renegotiation.—V. 160, p. 3.
SEC
The
of
Centrifugal
Tolhurst
300,000
contingencies-
income
Net
$1,506,551
398,425
$3,348,158
"1,914,477
$3,708,874
1*2,480.526
charges)
preciation
by adding
line
elimination of war-time
outstanding
Associated Electric Co.—Rehearing
Division—Commercial laundry machinery
commercial use. including washers, ex¬
ironers and presses., Company expects to expand
machinery designed for use in dry cleaning, alter
tumblers,
tractors,
this
(after de¬
Net income
j—
shares
"Before
Laundry Machinery
constituting a full line for
Troy
profit
Earnings per common share——
divisions are:
four principal
the
of
businesses
income
Non-oper.
1,325,963
$3,383,856
1
expenses
"Net
$6,882,435
528,000
310.000
$1.70
—
Common
other materials,
metals and
of
sales
Net
;
Ended May 31, 1944
Earnings for the Six Months
.
merchandising aids and accessories for
gasoline service stations and certain brewery machinery. -Whl'e- diversi¬
fied in their sales outlets, the products present similarities in manu¬
facture prior to the assembly stage, requiring generally the handling
of the same
raw materials on
the same types of machines.
The
1941
1944
Equipment Corp.—
Aro
.
first concern has been the utiliza^
tion of its facilities in the war effort.
In recent years prior to the
war the company was directly engaged In the manufacture and sale of
commercial type laundry machinery, centrifugals for use in processing
industries, axial type fans and blowers used principally in industrial
and commercial applications, machines for testing physical properties
Subs.)—Earnings-
American Fork & Hoe Co. (&
Years End.
company
trolling interest
Since Pearl Harbor the company's
1.
p.
•
mentioned con¬
acquired the previously
in The United States Gauge Co.
March, -.J944, the
In
V. 160,
Appalachian Electric Power Co.
erty of American's subsidiary,
disposed of in 1940.
Halliwell-Sheiton Electric Corp. was
carried on by
public interest
economical and efficient development
comprising American's central system through com¬
of Holston's property with the operation of the prop¬
toward the
will tend
"it
acquisition wilt serve the
that the
believes
American
in
Monday, July 17 1944
FINANCIAL CHRONICLE
THE COMMERCIAL &
Liabilities—Notes
contracts,
payable to banks,
$1,956,425;
provision
for
estimated
Federal
income
and
Volume 160
profits
excess
52,293,183;
stock
taxes
(less U.
for
reserve
$100),
(par
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4299
S.
treasury
notes, tax series C, $1,042),
$1,317,008; convertible preferred
contingencies,
$4,731,800;
stock
$1,951,734;
126.—V.
159, pp.
1548,
$10),
(par
2075.
$187,379;
customers'
State
Beau
Brummell
dividend
of
Ties, Inc.—25-Cent Distribution—
share has been
cents per
25
declared
the
on
$1
,r
stock,
cents.—V.
15
159,
2076.
p.
Period End.. May 31—
Operating
revenues
Uncollect,
oper.
1944—Month—1943
Operating
;
Operating
Operating
Net
*
$8,546,147
Dominic
,
$8,540,301
revenues..
1944—5 Mos.—1943
5,919
.
$8,140,373 $42,379,448
5,565,341
1,741,265
1,414,294
8,324,860
$1,233,695
$1,315,784
$6,052,416
735,100
3,803,703
5,410,295
26,473,493
28,002,172
A
dividend
15,
1944.
April
The
75 cents per share was recently declared on the cap¬
$25, payable July 14 to holders of record July 8.
This
40 cents paid on April 15, last, and 85 cents on Jan.
cents;
1943
in
July 14,
55
were
cents;
follows:
as
Jan.
14,
75
Period End. May 31
revenues
...
Operating
expenses
___
$1,023,237
ret.
Amort,
ment
cf
$935,230 $12,081,659
Gross
67,231
828,978
800,196
67,833
67,833
813,996
689,165
309
•
-
Divs.
309
•
:;-
$160,396
(net)
income
$1,786,727
24,217
$1,810,944
47,209
$137,963
47,369
571,559
$90,594
$1,239,385
411,062
Income
159,
2515.
p.
Borden
Provision
1944—6 Mos.—1943
for
by
AAA./A
&
M.
will
surrender
in cash, $9,250
will
also
M.
on
pay
the
3,480
shares
of
stock
Peterborougli
$4,052,765
63,075
48,426
63,614
$3,002,107
$4,116,379
234,616
*
5,646
and
3,104,412
1,324,786
1,758,877
for
150,000
150,000
891,846
Z':Z'.
notes
in
-—:
1-
tax
refund,
(less
erty
"$2,000,145
$1,287,060
649,762
649,762
324,881
974,643
(less
$3.96
in
from
$53,584
surrender
value
Watch
of
and
insurance
Co.,
Ltd.,
receivable,
and
notes
U.
of
funds
plant,
$67,809;
of
the
total, $19,503,309.
of the
Revillon,
President,
merger
of this
Revillon
Mr.
added
July
on
,
announced the
10
into Investment Co.
company
,
that net assets of Burco
taken at net asset value.—rV.
Period End. June 30—
Wholesale
completion
of America,
>
and the
$1,241,583,
are
159, p. 2515,
-V.
hulls
strike
/
Thomas
Hillman
of
New
York,
Inc.,
below.—V.
& Sharpe Manufacturing
returns &
Other income
income
for
The
to
U.
S.
Provision
charges
£
the
of
Consolidated
net
♦Includes
income
106,091
elected
a
company,
director.
elected
has been
profits
taxes
of
common
June,
1944,
a
Vice-
acquired
an
additional
of America,
$1,460,189
in
1942
and
$1,224,675
amounted to $4,341 in 1943.
'
Consolidated
Balance
a
dividend of 10 cents
1941,
per
She^t,
operating,
1944
maintenance
in
March,
,'
1943
$4,401,395
1,998,011
A
First
p.
Trust
Indiana
:-A
■
v
for redemption as
Central
Co.—To
160,
115.
p.
($100
on
income
selling
5%
the
will vote
Gas Co., a utility subsidiary of Consolidated
regarding the following:
/
has
outstanding 40,000 shares of common stock
of which is Owned by Consolidated, and $3,551,000
Gas,
par),'
all
mortage bonds 4% sinking fund series, due 1962, all of which.'
owned'by five insurance companies.
The first mortgage bonds
the
and
principal
of
amount
issued
were
under
$3,750,000
were
of
indenture
an
sold
on
and
mortgage
Nov, 30, 1942,
deed of trust
1942 between Central Indiana-and City National
Bank
and
Trust
Co.,
trustee,.
There have
been retired to date
$199,000 of the bonds.
j , •
/
.......
dated
of
as
Sept.
1,
;Indiana
to
proposes
purchase
retire
and
$301,000
mortgage.—V. 159, p.
7
$2,189,612
trust sinking fund gold
modifying the provisions of the
collateral
on
March
deemed funded.
Central
supplemental indenture
a
number of changes,principally- for the reduction in the annual interest rate on such
bonds from 4%
to 3%%
and changes on the optional redemption
prices and the sinking fund requirements for the retirement of the1
bonds to remain outstanding.—V. 159, p. 2631.
1944 to Sept.
1,
and
Indiana
effective
the
Sept.
1,
1944,
and will be
1944,
will
enter
which
trustee
1,
will
Central Maine Power
Co.—Earnings— /"
revenues
___
expenses
___
611,243
7,228,651
108,862
9,925
88,585
119,088
25,227
taxes
Fed.
106,171
7,228
munic.
-7*334,835
1,256,061
23,293
321,087
282,825
533,214
•
1,266,052
Ss
taxes-__
State
1944—12 Mos.—1943 •
$1,323,684 $16,999,061 $16,644,503
$1,378,375
security,
a
1944—Month—1943
Period End. June 30—
and
into
embody
Fed., other than income
tax
'
______
...
Portland
under
lease
20,319
17,957
232,212
211,685
$605,496
$633,124
$7,766,281
$7,536,210
/
—_______
income.,—.
oper.
9,069
7,948
116,901
124,182
$614,565
$641,072
$7,883,182
175,620
183,725
2,197,576
$7,660,392
2,121,824
37,215
214,468
235,244
74,264
74,097
955,054
102,813
81,791
890,163
1,358,659
$261,868
$264,244
$3,222,315
$3,413,426
111,819
1,341,837
1,534,483
income
income
Gross
—___
of
——"
amort,
D.
of
& E.—_—
Fex,
surtax)
profits
excess
Net
(normal
tax
inc.
and
'
income
tax
________
111,821
2630.
"/v.
934,844
income
Federal
tax
applicable to that period.—V. 159, p. 2516.
Central Pacific Ry.—Redemption of
due
Oct.
107V2
*/
1,
Bonds—
Through Short Line 1st mtge. 4%
and
int.
New YorJ^JST. Y.
Pacific Co.
140 Broadway,
by the Southern
There
are
These bonds are
guaranteed
the hands of the
owned by Southern Pacific Co.—
$9,640,000 of above mentioned bonds in
public and $360,000 of the bonds are
V.
gold bonds
as of Oct. 1, next,
payment will be made at the Guaranty Trust Co.,
1954, have been called for redemption
159, p. 546.
:
■:'
Canadian Pacific Ry.—Traffic Earnings—
9 Days
and
Traffic
—
1944
$9,019,000
1943
$8,270,000
—
1944
$6,041,000
1943
$5,745,000
Ended June 30—
earnings
Week Ended July 10—
Traffic
—V.
expense
'
out¬
first mortgage bonds and to change the indenture securing
remaining bonds to be outstanding, effective Sept. 1, 1944.
The
$301,000 ~ of bonds are to be purchased at
102 and interest from
its
at
25-year
Aug.
Interest
application filed'
Indiana
Central
are
Bond
Reduce
Indiana
'
in
Gas
All of the outstanding
of
con¬
Co., Buffalo; Marine'
Deposit Co., Syracuse,
&
2189.
hearing will be held July 25 before the SEC
by
2.211,783
$2,161,348
series A,
war
the place
1943.
of Aug. 11, 1944, a total of
of 12-year 3%% debentures due July 1, 1955, at 102 V2 and
Payment will be made at the Chemical Bank & Trust Co.,;
Electric1 and
and
—
holders
and credit"
by Marine Trust
York;
165 Broadway, New York, N. Y.—V.
trustee,
$31.64
31, 1943
loan
provision for. the period in 1942
covered has been adjusted to give effect to the actual income tax rate
earnings
159,
p.
115,
—*
;■-,/
—
•
>
Dec.
extended
New
Co.,
Trust Co.—V. 159.
Note—The
$4,159,358
—
power,
VT
two-year
a
obtained
$4,500,000
been
has
Central
'
Bondholders' Meeting—
2,703,090
$16,20
$1,520,010;
U.
S.
Treasury
securities,
$13,166,537;
cost), $133,845; receivables (accounts and trade
$4,575,124; inventories; $11,337,348; investments, etc.,
(at
of
Trust
trustee,
share
Ltd.—Earnings—
earnings
The
$4,385,640
1,108,960
ahd
into
•//
a;
^
(The) Celotex Corp.—Debentures Called—
Fed.
-
-
31—
earnings
bonds,
(less $1,018,640 post-war refund),
in
entered
v
/:
.
3,200
par
Aug. 5, 1943.—V. 159, p. 1756.
Net
1,000,000
$2,226,756
tNormal
has
There have been called
*
.
Assets—Cash,
acceptances),
credit
Midland
increas¬
$1, payable Aug. 9 to holders of record
A like amount was disbursed on Jan. 26, last, and on Jan. 26
stock,
1,602,765
$2,379,303
1,253,989
Holdings in Hat
stock of the Hat Corp.
July 12 declared
on
common
12 Months Ended May
93,337
$7,307,494.
surtax, $1,138,240; excess profits tax
securities
The
loan
Non-oper.
in
Corp.
A
directors
Purchased
$9,167,760; additional taxes for 1940 and 1941 paid in 1942, $320,449.
Mote—Plant depreciation expense amounted to $1,319,725 in 1943,:
•
V
Rental
Increases
—
1,70^,232'
_________
and Syracuse
Net
Byrndun
the
Gross
*9,704,117
$2,298,429^
831,720
$16.58
$3,982,068
Pfd. div. requirements. >
•
excess
•
the
2411,
p.
Byrndum Corp.
taxes
9,518
paid
Earnings per common share—__
$4,291,873
139,438
—
13,015,840 fl0,626,449
Dividends
:>
Caribbean
Sugar
Co.,
Account of Principal and
Havana,
Interest—
Cuba—Payment
V
on
v
Borden, President, in a notice to the holders of first mortgage
bonds, on July 7 stated in substance;
W. E„
Central
Railroad
Trust Certificates
Co.
of
Pennsylvania—Equipment-
Authorized—
.
•
and Shelton Pitney
and Walter P. Gardner, as trustees of the property of the Central
Railroad Co. of New Jersey, to assume obligation and liability, Jointly
and severally, as guarantors, in respect of not exceeding $3,720,009
equipment-trust certificates of 1944, to be issued by the Pennsylvania
Co. for Insurances on Lives & Granting Annuities, as trustee, and sold
at 99.76 and accrued dividends in connection with the acquisition of
certain new equipment.—V. 159, p. 2412.
The
ICC
on
June
28
authorized
the
company
Chronicle (Reg. U. 8. Patent Office) William B. Dana Company, Publ. ishers. 25 Spruce St., New York 7, N. Y., BEekman 3-3341.
Herbert D. Seibert, Editor and Publisher,
President; • William D. Riggs, "Business Manager.
Published twice a week [every Thursday (general news and advertising issue) with a statistical Issue on Monday),
otner
St., Chicago 3, 111. (Telephone: State 0613); 1 "Drapers' Gardens, London, E. C., England, c/o Edwards & Smith, Copyright 1944 by William B. Dana Company.
Reentered as second/class matter February 25, 1942, at the post office at New York, N. Y., under the Act of March 3, 1879.
Subscriptions in United States and Possessions, $26.00 per year; In.: Dominion of Canada, &27.50 per
;year; South and Central America, Spain, Mexico and Cuba, $29.50 per year; Great Britain, Continental Europe (except Spain), Asia, Australia and Africa, $31.00 per p&$ar.
NQTE:, On acpount of, the ,iluctu-; f
ations in the rates of exchange, remittances for foreign subscriptions and advertisements must be made in New York funds.
,
,
;
The
,
of
Canada Northern Power Corp.,
26,491,645
2,082,369
38,549,617
2,540,548
1,000,000
_
Prov. for Federal income taxes——
other
director
a
Callite Tungsten Corp.—10-Cent Distribution—
and
2,868,623
1,000,000
for
$305,265
145,565
corporation
the
of
<
apd admin, expense
contingencies
Sell-, gen.
The
Accel,
on
5,300,000
$338,693
______
Deductions
159,
Govt.
41,771,475
$3,956,848
25,220
agreement permitting it to borrow up to $12,000,000 against
This new arrangement, the company explains, takes
D.
$60,963,884 $60,349,462 $43,757,110
—_______
payment
19,992
incomex
ing its holdings in that company to 153,200 shares of class A stock and
allow. $60,653,478 $60,144,699 $43,605,746
310,406
204,763
'
151,363
.//(reneg. of war contracts)—..;
jfariufacturing cost of goods sold__
Other
and
1941 *'../
1942
$4,271,881
1,282
tracts.
State
Corp.—
'
Total
Secretary
Co., has been
Controller
159,
shares of class
Co.—Earnings—
1943
less discts.,
$303,983
2,340
Carrier Corp.—$12,000,000 VT Loan—
1
RR.
(The)
//./" Income Account for Calendar Years (Including Subsidiaries)
Prov.
Vice-President,
Coke
&
Jensen,
July 26.
..
$336,353
(net)____
income
Social
Watson.
President.—V,
The
Sales,
v'
,•
S Brown
revenues__
charges
33,208 shares of class. B common stock.—V. 159, p. 1035.
Co.
1,831,456
1,440,000
Operating
Byers Co.—New Director, Etc.—
Coal
G.
C.
Proposed—
Edison
*1,789,890
1,500,000
163,308
$193,128
$165,827
$2,582,641
Divs. applicable to pfd, stocks for period____
1,203,226
—V. 159, p. 2630.
■.■.:/
///■■;:/ // //
.
#
Consolidated
125,000
*
.
$10,197,479 $11,708,985 $57,395,688 $59,297,055
.
2411.
(A. M.)
r//> •>"" :
v,:/-:^/
Brooklyn Edison Co., Inc.—Merger With Parent Con¬
,See
1944—6 Mos.—1943
May,
/-7
p, 1755.
Net
$8,915,263 $10,463,946 $50,072,881 $82,600,775
1,282,216
1,245,039
7,322,807
6,696,280
sales
p.
125,000
-.163,963
approp.
Operating
and
in
159,
*
cern
1944—Month—1943
sales
Retail sales
$1,356,403 $18,269,955 $16,539,589
476,281
6,854,717
5,824,497
287,831
3,853,467
3;486,78a
standing
.
stockholders will receive Investment Co. of America shares in exchange,
Combined
tank
Gross
Central
Burco, Inc.—Merger Completed—
Theodore
•
299,102
_________
res.
oper.
Interest
first
S.
<
foremen's
Net
'
expenses
airplane turrets were
Mr. Brown stated.
/'However, because we have been able to bring our schedules up to
date again, our dollar shipments for the first half of 1944 were very
rhuch in excess of the same period last year and generally very much
in excess of the last six months of 1943," Mr, Brown said. :,<//
The company's 1944 dollar volume should be considerably in excess
bt its 1943 record year, he told stockholders, "unless very extraordi¬
nary developments take place."
"
t
{'"'When w6 are allowed to do so, we shall be able to get into at'
least some peacetime production quickly," Mr, Brown said.—V.
159,
p: .2515.
/
•
>
\
'
the
ret.
prop¬
Treasury tax notes of $1,257,313), $2,259,511; real estate mort¬
payable,
$32,038;
general
reserves,
$600,000;
common
stock
(324,881 no par shares), $2,521,133; capital surplus, $1,178,749; earned
surplus, $10,097,792; total, $19,503,309—V. 159, p. 1443,
Briggs Manufacturing Co.—Arms Output at Record—
of
Prop.
517,802
___
taxes
$1,439,351),
gages-
and
taxes
Other
1944—12 Mos.—1943 *
1944—Month—1943
$1,442,220
revenues ;___
expenses
of
life
on
$134,146:
amortization
$1,212,263; prepaid and deferred charges, $64,039;
-
because
Federal
contracts, $176,028;
$117,907; post-war Federal excess profits
accounts
depreciation
for
accounts
I Liabilities—Accounts payable, $2,011,413 ( due to salesmen, $399,480;
accrued salaries,
wages and expenses, $409,194;
accrued taxes (less
Arms production during the first six months of 1944 was substan¬
tially greater than its record output for either the first or the second
half of 1943, W. P. Brown, President, told stockholders at the recently
clown
Operating
Operating
interest.
accounts
Butler Brothers, Chicago—June Sales—
*
airframes-,
Carolina Power & Light Co.—Earnings—
Period End. May 31—
in
'
..." Shipments of
& Nashville RR. Co., 71 Broadway, New York, N. Y.
As of July 6, 1944, there were
$8,000 of bonds' previously drawn for
redemption but not yet presented for payment.—V. 159, p. 211.
$6.15
1943 and
Government
on
Bulova
other
$167,559;
reserves
?
•
•
Louisville
$116,000
doubtful
for
reserve
cash
due
the trustee on the
together with a check
by
presentor
324,881
Sheet, March 31, 1944
deferred cost
$6,341,706;
$164,055;
be noted
total
>
:
$1,921,849
banks, in transit, and on hand, $8,444,016;
receivable
will
of $103,000
of first mortgage 4%
bonds, series A, due
1, 1965, have been called for redemption as of Sept. 1, next, at
and interest, according to an announcement by J. P. Morgan So
Co. Incorporated, trustee.
Payment will be made at the office of the
v
profits'
in Swiss and Canadian banks.
the
Peterborough, but should there be any such stofekholders who obtain
appraisals of their shares, the B. & M. will pay the amount, if any,
py which the appraised value exceeds $25 a share.
The stock of the
Peterborough is inactive.—V. 160, p, 4.
b'eld annual meeting.
A
-
15,487
deducting $271,952 in *1944, $166,411
depreciation and amortization.
After
payment
Sept.
191,870
'
391,839
$5.91
the 370 shares of such stock not owned by it.
all incidental
$2,953,681
etc.-._—^_/
charges
common
Assets—Cash
incurred by 'the Peter¬
borough in connection with the transfer of the properties involved.
The B. & M. does not know
of any dissenting stockholders of the
&
B.
$6,243,870
______
A
principal
Carolina, Clinchfield & Ohio Ry.—Bonds Called-^
-i
637,909
contingencies.^—*.—150,000;
::,v
and
or
bonds and the bonds returned to the
for the: amount due.—V. 159, p. 1653.
3,503,524
Earnings per common share—______
officer,
of
interest
on or after July 15, 1944, by forwarding
National Bank of Boston,
trustee, 45 Milk St..'
to the trustee's branch office in Havana, Cuba.
Thia
First
Other income
648,734
-
excess
$67,166), $2,614,280;
road
/
3,179,517
324,881
'//
the
*
shares.——
pave been operated under lease by the B. & M. since 1895.
The, proposed transaction
contemplates the purchase of all the.
properties, and franchises of the Peterborough, except its right to.
exist as a corporation,
for the sum of $96,250, or the equivalent of
$25 a share of its capital stock.
As consideration for the purchase the
B.
at
711,569
•
Net income for the year——
dividends
'
Outstanding
$22,155,287
properties and franchises of the Peterborough RR.
As of Dec. 31,
1943, the B, & M. had acquired 3,480 of a total of 3,850 shares of
Peterborough stock outstanding.
The properties of the Peterborough
pay,
received
3,095,640
customers____
and
principal moneys
to
$8,194,197
expenses
Consolidated Balance
purchase
be
$6,781,932
loans, etc.
Secretary—
the
must
$10,054,079
Common
1
authorized
29
June
bonds
1942
--
to
and
bonds
Boston, Mass.,
in¬
$6,309,946
allowed
inventories,
on
Pa.
Burrows,
1943
I
income
«/Boston & Maine RR.—Purchase Authorized—
ICC
and
1944
taxes, social security,
■
company.—V. 159. p. 2411, 1755, 1142, 1139, 634, 546.
The
Pa.,
11 Broad St., New York, N. Y.,
1944.—V. 158, p. 766. ->-,•///
'-/■V-v-/.
Miscellaneous income
5.4%—
$3,579,864 $23,607,946
his
107%
it will apply
of par and
announces
■interest
share.
a
(& Subs.)—Annual Report—
■
on
/• .Theodore D. Waibel has been elected Secretary to succeed Walter H.
Kebman, who has retired alter more than 42 years of service with the
,
such
July 18,
operations
Interest
;
Co.—New
of
sales_________
credits
Discounts
$1,996,212
1942
'
sale
on
administrative
from
,
the 2% tax imposed by the Republic of Cuha on the export of
capital from that country.
Any bondholder may obtain his proportionate-share of the deposited
branch.
Gross income
427,701
$3,771,714
&
Federal
1944—Month—1943
'
—V.
the
in excess
gold bonds due Dec. 30, 1963.
the net proceeds of the abandon¬
Sinnemahoning,
the
i
expenses'
principal payments totaling $45.87);
(2) A principal payment of $44.72 on each bond of the original face
of $1,000. \
The above payments of interest and principal will be reduced in the
case of holders
of bonds presenting their bonds in the United States
.
■
i
Period End. June 30—
for
at
by
value
mortgage 4%
o'clock noon,
12
♦Profit
*
Sales
years
and
Overend & Vogel, 66 Court St.,
trustee,
prices not
represents
between
proposals
General
$1,400,877
Bond Stores, Inc.—June Sales Increased
•
$1.39
or
five
100%
office of the above mentioned bank,
Selling
595,335
$114,337
income
first
:
11,299
applicable to pfd. stocks for period
159, p. 2411.
—V.
the
In
than
company and Mr. Wieck, Viceof the company will be William
'
$1,984,913
1,031
$161,596
the
successor
Wharton-Austin
Gross profit from
3,707
3,707
$136,932
1,200
interest., charges
Net
1907.
more
$2,689,964,
was
of
purchase,
of
640.832
approp.
j.
income
in
increased
Comparative Consolidated Income Account, Years Ended March 31
6,698,753
767,670
69,742
revenues__"_
oper.
1943
Bulova Watch Co., Inc.
$10,817,566
7,880,581
62,521
*
Net
in
$192,273
line
the
the
Sealed
1944—12 Mos.—1943 '
600,404
__________
investments
Other
founded
was
Cuba, branch of The
the bondholders, the
of $174,009.25 U. S. currency representing—
(1) Interest at 1% per annum from July l, 1943, to June 30. 1944,.
on the unpaid principal balance of all
outstanding bonds, or $9.5<t on
each bond of the original face value of $1,000
(subsequently reduced,
sum
by
General
:
43,692
res.
Co.
President
the
interest,
cluding
limited-term
of
be
toward
this
the
681,265
taxes
Prop.
S.
/;/'./:
amount
159,
Co.—Earnings—
1944—Month—1943
Operating
taxes
U.
The company has deposited with the
Havana,
First "National Bank of Boston,
as trustee for
■
Wieck,
production
Chase National Bank,
prior to
Other
its
income
will
accrued
//:.///////
•/ Birmingham Electric
Federal
Raymond
Coal
1943
Of
cents;
Oct.. 14, 90 cents.—V.
and
1549.
p.
to
Buffalo & Susquehanna R. If. Corp.—To Buy Bonds—
/
Distributions
35
14,
Union
to
Kane
$123,223
of
par
with
and
President., One of the new directors
S. Overend, of the law firm of Brown,
Beverly Gas & Electric Co.—75-Cent Dividend—
compares
payroll, $485,bt*;
accrued
Federal,
$56,351;
payable
Brooklyn, N. Y.
159. p. 2411.
ital stock,
accrued
orders,
amounts
3,728,391
taxes
Met income
t
1938
Mr.
$6,606,542
790,747
Kane
consolidated net
6.856,066
income
expenses
operating
from
$39,936,101
...
V.
Brooklyn
25,823
»—;
36,344
and
Manager and Sales
Manager, respectively, of this corporation, on July 6 announced that
they have acquired ownership of the company, a subsidiary of LehighCoal & Navigation Co., which has
operated the Panther Valley coal
mines in Pennsylvania for more than 124 years.
$8,146,292 $42,415,792 $39,961,924
5,846
rev.
$815,994;
unfilled
on
taxes
Brooklyn (N. Y.) Union Coal Co., Inc.—New Control—
.
Bell Telephone Co. of Pa.—Earnings—
:
•
*
.
advances
local
and
Govt, resulting
from
renegotiation of war contracts, $14,428,387; reserve for con¬
tingencies
arising
from
war
operations,
$3,702,494;
capital
stock
(par $50), $6,931,000; consolidated surplus, $15,160,567; total, $41,580,637.—V. 157, p. 2344../
-
par
payable July 19 to holders of record July 15.
A like
amount was paid on June 2, last, as against 20 cents on March 6. 1944.
Last year the following payments were made:
March 1/10 cents;'
ftlay 31 ahd July 29, 20 cents each; Sept. l, 10 cents, and Dec. 3,
common
equipment, special tools, drawings,-patterns (less
depreciation of $12,903,776), $8,708,660; prepaid expenses,
$41,530,637.
total,
/; Liabilities—Accounts payable,
V
,
A
plant,
for
reserve
$4,207,280;'
tapital surplus, $2,776,234; earned surplus, $5,733,228; total, $39,543,common
219
Comifiercial
William
offices;
Dana
and
Financial
Seibert;
135 S. La
Salle
Court at
Federal District
he
date, it carries all the color and holiday
book mailed Just before Christmas.
In this book the company makes a substantial step
at this early
company's plan for reorganization.
>■
proposed by the trustees in February, provides for
company with only common stock outstanding, and
for distribution of the shares to debenture holders and other creditors,
Preferred and common stockholders would not participate in the reor¬
ganization.—V. 159, p. 2516.
f
18 on the
July
The
plan,
as
of a new
creation
revenues
—
operation ——
Maintenance ———7:
79,490
14,949
depreciation—
Taxes, other than Fed.
23,310
$2,092,609
383,570
$2,018,121
459,287
425,012
66,853
65,496
138,090
77,044
68,737
12,514
147,726
25,577
Purchased
105,625
power
Other
for
Prov.
income
Net
:
$113,598
1,004
$666,565
$705,924
3,508
$114,602
44,282
$670,073
$707,957
147,758
270,464
20,500
.
23,200
164,000
(normal
tax
inc.
and
surtax)
Net
income
—.
Chicago North Western Ry.
expenses
159,
635.
p.
also
Action
taken
was
the re¬
and Sioux City Bridge Co. stock.
approximately $11,100,000 the col¬
Listing and Delisting of Securities—
To be suspended
(a)
from dealings on July 21, 1944.
1950.
Bank
5%
Co.-r-Stock Split-Up—
Chicago Flexible Shaft
Gen.
incorporation so as to change the 180,000 shares of $5 par value
stock to 540,000 shares of no par value.
The new stock will be dis¬
tributed to stockholders on July 18 on a three-for-one basis, according
Gwinn, Treasurer.
C.
H.
agreed that $3,600,000 would be transferred from surplus to
account, since "for a long time the capital account of the
has not reflected the amount of capital actually employed
and
required in the management and operation of the company's
business."
This makes the stated capital $4,500,000.—V. 159, p. 2631.
It
t.
v.
was
capital
company
list and to dealings on July 21, 1944:
Ry.—V. t. c. for preferred stock, series
common stock (no par).
4'/a %
mtge.
62 y2
of
dividend
share has been declared on account
cumulative preferred stock, par $50, pay¬
cent3
per
accumulations on the 5%
of
A like amount was paid
on
1943, the following payments
were made:
March 31, 62»/a cents; June 30, $1.25; Sept. 30, 62V2 cents;
and Dec. 27, $1.25.
Arrearages on Oct. 1, after giving effect to the
current declaration, will amount to $2.50 per share.—V. 160, p. 116.
Sept. 29 to holders of record Sept.
March 31 and June 30, this year.
In
able
14.
Pfllpnrfflf
Vpofg
Railway
$13,204,255 $11,657,722 $10,864,059
8,730,227
7,735,780
7,093,008
revenues.——
expenses
stamped as to non¬
Net
railway opers._
from
revenue
$4,474,028
$3,921,942
To
1,082,316
789,356
514,713
Joint
facility rents
Net
operating
railway
Other
Total
income
Interest
Other
$2,224,063
126,934
119,254
$3,044,247
17,000
U-
__
deductions
$2,525,650
17,132
1,410,113
1,461,747
debt
funded
on
fixed
$2,398,656
134,416
charges—
$2,343,317
17,156
1,350,893
96,852, •
162,136
30,025
—_
$1,535,475
income
$813,132
$1,001,523
Sheet,
Dec.
31
'
$52,738,273
$52,751,209
3,930,746
Investments
Special
Loans
investments:
cash
2,883,415
4,000,000
70,853
2,500,000
71,684
—
deposits
receivable
Miscellaneous
Material
Paul
Other ;current
receivable
;
.
726,613
2,064
382,294
6,283
assets
3,502
9,238
assets
Unadjusted
329,599
244,224
1,224,185
;
Total
$63,856,580 $60,704,430
Liabilities-
Preferred
Held
:
stock
Common
stock
by
;
capital
and
Audited
Interest
and
Accrued
758,493
706,479
payable
479,904
2^167
accrued
438
50 117
1,097,130
574 599
235,895
184,102
14,563io58
14,348^685
liabilities
credits
and loss
3,453
2^167
__
148,356
3,433
___
liabilities
Unadjusted
160
454,623
liability.
current
Deferred
592,264
unpaid
Interest
tax
wages
payable
unpaid
matured
30,643,288
balances—Cr
accounts
matured
Unmatured
..30,538,534
____
accounts
Dividends
—V°
11,700
$15,488,300 $15,488,300
car-service
Miscellaneous
Profit
5,000,000
11,700
stock
Long-term debt
Other
5,000,000
company—unpledged—Dr
Total
Traffic
$10,500,000 $10,500,000
6,086,839
surplus
5,659,601
5,989,874
(Dr)
7,559,338
series
1st
due Jan. I, 1999.
Sioux City & Pacific
Chicago Mail Order Co.—Issues Larger Catalog—
In
Its
history,
catalog
a
fashion
show
featured
to
be
largest fall and winter catalog
by the promotion of the company's
telecast
over
station
WABD
New
York
In
its new fall and winter book the company
customer
The
some
policy
color
of offering
printing
new
lines
continues and exoands
assortments
to
a
merchandise
of
smaller
and
..
.
..
more,
on
select
....
catalog is largely unaffected by the shortages nrevailing in
merchandise.
Specializing in "soft" lines, the company
of
to
resort
in
a
withhold orders
has
paper
.
had
As
broader
better
list.
although
has
and
been
of its effort to
to
fair
until
Its
minimum
a
number
Aug.
of
"outs"
and
customers
"not
have
availables,"
been
asked
to
been
have
We
which
bonds,
paper
the
past two years, and in furtherance
and aid the post office in avoiding the
of
all
owns
line
operated by the
from the Kensington station
Illinois-Indiana state line.'
company
;777"
Dividend
/7
~:
dividend
of
of $1
\
Dec.
Dec.
1944, respectively, to stockholders of
15,
and
1.
15. 1944,
record Sept. 1. 1944,
share each have been declared payable Sept.
30 cents per
and
share on
per
respectively.—V.
1944,
159.
2412.
p.
Principal—
Childs Co.—To Pay 5 % on
notifying debenture holders and other
order of Edward A/Conger. Judge of
U. S. District Court for the Southern District of New York, dated
X.
F.
pursuant
1944,
28,
is
trustee,
Finn,
that,
a
to
an
of 5%
payment
account of the principal of the
of the principal amount
on
outstanding debentures and a payment of 5%
the company as and when the respective
amounts of the other obligations are determined and approved by the
court or the trustee will be made as follows:
Holders of the 1943 debentures should transmit their debentures to
the
claims
other
all
debentures
their
transmit
and holders of the 1S57 debentures
Marine Midland Trust Co., New
New York,
Trust Co.,
Empire
should
against
to
York.
whose
the
to
be returned
will
Creditors
appropriate notation of the
respective holders thereof.
founded on debentures will receive
after being stamped with an
Debentures,
payment,
claims
not
are
of the principal amount of their claims as and when
are determined and
approved# by the trustee or
p. 2632.
payment of 5%
thereof
amounts
court.—V,
159,
Chrysler Corp.—Receives Large. Tank
Contract—
overhaul and modernize 2,000 30-ton tanks
corporation's Evansville, Ind., Ordnance
plant, and the Job of removing machinery which produced 3,264,000,000
cartridges for the armed forces is already underway, it was announced
A government contract to
been
received
by
the
July 12, by C. L. Jacobson, General Manager.
of this plant from small cartridge
on
manufacture to the
considered one of the
II, it was stated.
Machinery for the tank rebuilding job is being obtained at all avail¬
able points, Mr. Jacobson said, and the cartridge machinery is being
shipped to destinations unannounced because of war security.
"This is. a big conversion job," Mr. Jacobson explained.
"Because
Conversion
to
1,
1.
ma¬
This work has started, and
expect to be using 400,000 square feet in the plant by August.
"We
have
scheduled our cartridge re-packaging program so
that
emp'ovees
the payroll will lose little, if any, working hours.
program as we absorb employees on the
on
now
close
will
We
the present
out
lines."—V.
159,
on
July
11
2632.
p.
'
„
'
"
; -,
.
of the above
issued only in registered form, will be closed
Operating
revenue
7,000
7,000
$17,784
;■ 597
$14,885
$18,381
4,158
$15,281
$14,223
8,255
$4,270
accruals.
reserve
$87,195
65,311
$88,473
63,690
i——_——
deductions
revenues
Retirement
1942
1943
calendar Years-—
Operating
bonds
are
the company will mail to persons in whose names
registered upon issuance, checks amounting to $47.50
per $1,000 bond, representing interest at the rate
calendar year 1943 and V* % for the calendar year
Accordingly,
rules that
committee
the
of 4V2%
1940.
settlement of "when,
in
Other
—
Stock
Exchange
directs
income
Net
contracts in
exchange
that
:
11,012
Assets— ^ '
interest on
plant
—
Co., Cruttenden & Co., and Otis & Co. are offering
($12.50 per share) 249,556 shares of common stock.
shares were purchased from Clarence A. Southerland and Jay Samuel Hartt, as co-trustees of the estate
of Midland Utilities Co., and none of the proceeds from
the sale will be received by Chicago South Shore &
and
The
Agent:
Illinois
Bank
National
&
Trust
Co.,
the
executing
and
——
—
'
:
1942
$337,608
~9"348
~13~823
7,722
.
542
$373,539
$369,044
$127,000
$127,000
97,000
100,000
3,167
513
1,841
7,995
2,704
66
129,652
612
-
stock
(12,700
shares
par)
no
7-
Bonds
2,599
1
Payables to associated companies—
payable
Accounts
—
—
deposits
Customers'
!
accounts
—_
advances for construction
Reserves
Contributions
company
1943' ':
Liabilities—
Customers'
Continental
Registrar: City National Bank & Trust Co., Chicago.
Company—Incorporated in Indiana June 23, 1925.
In 1929
Chicago.
—___■
supplies
Total
Common
Accrued
South Bend RR.
—
Prepayments
at par
-
5,800
12,843
2,000
6,863
7,209
373
—
(net)
receivable
Materials
&
8,255
$338,451
investments
cash
Accounts
South Shore & South Bend RR. — Common
Stock Offered—H. M. Byllesby & Co., Doyle, O'Connor
:
:
special funds
Cash
Temporary
Chicago
—_
'"^;;";:-7:77';:;:777
:
Miscellaneous
due-bills for $47.50 interest payment.
Accrued
bonds will be $62.5555.—V. 160, p. 116.
——
——
Comparative Balance Sheet, Dec. 81,7 "7..
.
settled
mortgage
—
—
—
dividends
Common
Utility
Transfer
397
■
———
deductions
Income
.
North Western Ry. new securities "when issued" shall be
Monday, July 24.
Second mortgage bonds sh&ll be accom¬
panied by
(net)
.
income
Gross
as
Chicago and
on
-—
contracts made on or before
York
New
income
,
income——.
ii
Ruling on Exchange Contracts—
The
operating
Utility
for the
July 20, 1944, sellers shall
deliver to buyers due bills payable cn Aug. 1. 1944, covering the above
interest at the rate of $47.50 per $1,000 face value of the bonds
issued"
if
first
the size of the products every piece of
in
differences
vast
the
chinery must be moved out, and replaced.
we
1944,
On
and
refurbishing of monster tanks is
unique in the production history of World War
1944.
Aug.
be
and
refitting
Citizens Gas Co., Stroudsburg, Pa.—EarningsNASD
of
informed that the books for the transfer
are
Aug.
in
Capital surplus
Earned-surplus
aid
of
construction
116
124,796
562
7" 919
919
10,066
2,508
$373,539
—'
—
956
1,593
$369,044
it has a
accepted the Indiana General Corporation Act by
filing articles of reorganization, under which articles
perpetual charter.
Company is qualified to do business in Illinois.
Capitalization—Neither the company nor any of its subsidiaries has
any
authorized or outstanding funded debt or preferred stock.
The
following table sets forth the capitalization of the company:
Authorized
of
shares
9,424
common
were
reserved
reserved
shares
capital
as
of
stock,
Interstate
30,
in lieu of 2,356
share.
The latter
1944, for exchange under plan of
for
par
May 25,
Commerce
*311,580 shs.
exchange
$50
per
by
an
order entered May 29,
77,895 shares of common stock
at Dec. 31,
1943, into 311,580
on
the basis of four shares
par $12.50 per share for each share of par $50 per share; f Such
conversion has been made effective by the filing and recording of the
necessary articles of amendment in the State of Indiana.
1
authorized the conversion of
issued and outstanding
1944,
(par
$50),
of
shares
common
stock
(par
$12.50),
Business—Company operates an electric railroad for passengers from
Chicago, to
serving Hegewisch,
Randolph
City
and
operates
St.,
South
a
and many intermediate
freight business froip Kensington,
Bend,
regular
about 90
Michigan
communities.
It also
South Bend, Ind., a distance of
Hammond, East Chicago, Gary,
111., to South
—
—
,
—-
159,
p.
2191.
•
Cleveland-Cliffs Iron Co.
7.
.
1944
6 Months Ended June 30—
Net
profit after charges & Federal
& excess profits taxes
"On
For
per
the
is
the
preferred
487,238
an
-7
June
1942
share
$967,674
$1.99
shares of $5 cumulative preferred stock
accumulation
30,
of
$1,874,058
$3.84
on
which
unpaid dividends.
1944,. quarter,
company
reported
or $1.21 a common share, against
share last year.—V. 159, p. 1757.
$1,101,653,
common
1943
$1,167,898
$2.40
income
there
(& Subs.)—Earnings—
(Controlled by Cliffs Corp.)
.
"■Earnings
1942.
Commission,
Total
—V.
Outstanding
670,000 shs.
(par $12.50)
recapitalization effective April
miles,
15.
custom for
conserve
of
cases
624,225
per
New Common Stock Placed on a $1.20 Annual
.
Committee
ruling:
following
the
Practice
Uniform
National
The
Issued
The
current
finer
$1
Convertible In¬
Ruling on Second Mortgage
4V2% Due 1999 A—
Interest
come
"Including
the
August.
its
.
July 10 issued
on
the
to
tank
shares
company
television
in
Divisional 4% bonds, due Jan. 1, 1969.
Divisional 4% bonds, due Jan. 1, ,1969.
Des Plaines Valley
mtge.
Capital stock
The
of
of the Illinois Central RR. in Chicago to the
A,
1st mtge.
$63,856,580 $60,704,430
p~~5
tive
of
and to dealings on July 21, 1944:
Ry.—2nd mtge. 4 y2 % conv. income bonds,
To be admitted to the list
(f)
Chicago & North Western
916,789
__
debits
Ry.—1st & gen.
North Western
due Jan. l, 1989.
4%,
Ju}y 21, 1944:
mtge. bonds, series A.
admitted to the list and to dealings on
&
1,949
receivable
dividends
639,856
4,523,033
pany.
Company also owns all of the capital stock of Indiana and
Kensington RR. (an Illinois corporation).
This subsidiary transacts
no business and is maintained for the purposes
of the contract, rela¬
most
gtd. V/2s, 1947.
Grand Trunk Ry.—1st mtge.
Eastern
be
To
(e)
220,688
775,347
and conductors
supplies—
and
Deferred
from agents
accounts
and
Interest
76
205,021
505,959
receivable
bills
and
bal.
Net
1942
1943
Cash
Temporary
gtd. 3V2s,
M K»i
1947.
Ry.—1st mtge. gtd. 5s, 1948.
Louis Peoria & North Western
the
Balance
General
Assets—
3,748,405
of the issued and. outstanding
capital stock of Chicago South Shore and South Bend RR. (a Michigan
corporation).* This subsidiary operates motor coaches between Mich¬
igan City, Ind., and St. Joseph and Benton Harbor, Mich., and renders
a
feeder service which enhances the passenger business of the com¬
.
Sparta
St.
until
Net
4,388,262
192,763
"when
____
$2,909,831
—,
Miscellaneous
$3,256,333
458,768
573,502
_____
income
income
$3,132,586
124,324
609,606
$3,391,712
Cr84,220
566,101
operating income
rents (net debit)..
(net debit)
■V'-.V-/•(
Railway
Equipment
415,697
and Dec. 15, 1944, respectively, to stockholders
1944 and Dec. I, 1944, respectively.
1
1,
Sept.
the
: it7,777' / \&:j
& North Western-Ky.—1st mtge. gtd. 4s.
Milwaukee & State Line Ry.—1st mtge. gtd. 3'/2s, 1941.
$3,771,051
——
252,260
2,816,992
5,147,258
Subsidiaries—^Company
the
Plaines Valley
Manitowac
.Chicago
Railway tax accruals
dividend
15,. 1944
record
the
suspended from dealings on July 21, 1944:
Ry.—1st mtge. gtd. 46% bonds, 1947.
Green Bay & North Western Ry.—1st mtge.
be
(d)
Des
St.
1941
1Q42
1Q41
-r,
operating
operating
Railway
2,406,990
2,178,500
has
51941
Milwaukee
Chicago Indianapolis & Louisville Ry.—Earnings—
$51,727
"$2,183,028
tfie first half of 1944. Dividends, for the third and fourth quarters
1944, of 30 cents per share each, have been declared payable
of
June
series A, due Jan. 1, 1999,
4V2% conv. .income bonds,
"when issued."
mtge.
Income
share on the old common stock
share on the new common stock) was declared and paid,
cents per
(25
Net
Expenses
2,659,250
—
-
Dividends—A
issued."
2nd
Operating
$2,234,755
2,371,263
——
,
1943-
John
stamped as
secured bonds, due March 1, 1936.
20-year 43/4% conv. series A bonds, due Nov. 1, 1949.
1st & gen. mtge. bonds, series A, 4%, due Jan.
1, 1989,
for
3,232,689
1942
of
of Federal income tax.
bonds, due Nov. 1, 1987,
lines
as
7 Income
—
creditors
.
Ry.—Accumulated Dividend—
Chicago Great Western
.
A,
15-year 6'/2%
A
1941-
for
c.
payment cf Federal income tax.
Gen. mtge. 4%%
bonds, due Nov. 1, 1987, stamped as to non¬
payment of Federal income tax.
Gen.
mtge, 5%
bonds, due Nov. 1, 1987, stamped as to non¬
payment of Federal income tax.
1st & ret. mtge. 4»/27<>
bonds, due May 1, 2037, stamped as to
reduction of interest.
V
1st & ret. mtge. 4 V»% series C bonds, due May 1, 2037.
1st & ref. mtge. 5%
bonds, due May 1, 2037.
of
to
par);
non-payment
to
the company's articles
12 voted to amend
stockholders on July
The
($100
(c) To be suspended from dealings on July 21, 1944:
Chicago & North Western Ry.—
Gen. mtge. 3 Vi'/f
bonds, due Nov. 1, 1987.
Gen. mtge. 4%
bonds, due Nov. 1, 1987—"plain" and
2077.
p.
To be admitted to the
Chicago & North Western
3aA% sinking fund debentures dye April 1
at 102 V* and interest.
Payment will be made at the City National
& Trust Co.. trustee, 208 So. La Salle St., Chicago, 111.—V. 159,
10-year
outstanding
*
railroad
the old common stock (25 cents per
share of the new common stock) was declared and paid in the first
half of 1944.
Dividends -for the third and fourth quarters of 1944
Chicago & North Western Ry.—V. t. c. for preferred stock, series A,
($100 par), "when issued"; v. t. c. for common stock (no par),
"when issued."
(b)
of Av.g. I, next, $234,000
called for redemption as
have been
Called—
News, Inc.—Debentures
(The) Chicago Daily
There
7
performs
77V7';7Vv ■■■■''7.77 7',; :.''77
,
.
company,
-
A
printed the following notices:
York Stock Exchange has
The New
freight inter¬
other
with,
competition
in
.
the
Basis—
5%
of
'
'
the RFC $11,500,000 to secure
to pay
pledged Superior Coal Co.
This, in effect, further reduces to
lateral notes held by the RFC.
of
turn
cents.—V.
and
of
Gross /
Sept.
...
77
collateral notes.
by
Trust—To Pay 43-Cent Dividend—
f
A distribution of 43 cents per share has been declared on the capital
stock, par $1, payable July 31 to holders of record July 21.
This
compares with 44 cents paid on Feb, 1, last.
In 1943, the following
payments were made: Feb. 1, 45 cents; July 31, 43 cents; and Dec. 24,
of,
income
'Year-r7V^;7'V:7;7^7':7c'7-.V:v7'
1938__
-I-..—
^—7—.
1939.—7
';7
'1940—
U**
■
$15 Dividend on Pre¬
r-
$35,700,000 To RFC—
^
Century Shares
7
■
declared a dividend of $15 on the preferred
stock, representing dividends due for 1941, 1942 and 1943.
The special
preferred dividend of $15 per share is to be paid on Sept. l, 1944, on
stock of record at the close of business on Aug. 11, from net income
RVRilsiblc as of Dec. 31
1943. V
•• *7, v
4
-■'V"'?-v.,
The board voted to pay the Reconstruction Finance Corp. approxi¬
mately $24,200,000 by Aug. 10, 1941, which will reduce the company's
indebtedness to the RFC to approximately $22,630,000, all represented
2516.
p.
placing the
The directors on July 14
applicable to properties acquired by merger from Twin
State Gas & Electric Co. on Dec. 28. 1943, and an allocated proportion
of fixed charges and dividend requirements of said company.—V. 159,
and
2412.
ferred—To Pay
168,700
transportation
1944
adjusted to give effect
t.o
its
present capitalization and depreciation policy," available for
dividends on
the common
stock
and other corporate purposes/, for
the fiscal years ended Dec7 31, 1938, to Dec. 31, 1943, inclusive, was:
in
$47,120
$358,315
*268.793
25,373
113,568
152.236
for 1943 include revenues
$51,780
18,928
—-
a
p.
comparative purposes, earnings
N0te—For
the
the
Earnings—Net
possible to obtain help for the building
for the handling of this work.—V. 159,
'
* '
'
'
'
.
111., where it was
complete organization
of
_
dividend
Preferred
in
Order Co. has featured the headlines recently
in mail order operations and retail store acquisitions, but of interest
is President Schnadig's recent announcement of the company's activi¬
ties in support of the war effort.
'
Aldens Chicago. Mail Order Co. is operating a subsidiary under the
name
of Henry
W. Alden, Inc., which is engaged entirely in the
assembling and packing of essential civilian and war material.
A
unit was established at the South Wabash Street warehouse in
2,033
197,748
25,468
__
Deductions
Fed.
$97,185
563
.
.
of
Aldens Chicago Mail
Chicago,
180,664
(net)
income
income
Gross
178,244
income.— 7
oper.
493,299
30,383
28,695
i.———.—
Non-oper
'f
1944—6 Mos.—1943
1944—Month—1943
$349,254
$327,853
Period End. June 30—
Operating
Corp.—Earnings—
and has
7 '
industries,
company is operated with electric power,
it
essential functions of a common carrier steam
the
freight and passenger traffic.
.
"
War Work—
all
forward in con¬
Aldens Chicago Mail Order Co. by
the name "Aldens."
,
•' 11
to
name
Aldens Engaged in
large number of
a
change connections with other railroads.
T1, While
atmosphere of a
emphasis throughout on
'
Central Vermont Public Service
its
verting
serving
Bend,
holiday mail Jam, the company again incorporates its Christmas Book
in its fall and winter catalog.
A special paper is used td separate this
section and bring it to the attention of customers.
Throughout, even
Corp.—Hearing on PlanRichmond, Va., has set a hearing for
Central States Electric
Monday, July 17
CHRONICLE
& FINANCIAL
THE COMMERCIAL
220
Colgate-Palmolive-Peet
a
net income of
$692,951, or 21 cents a
"
' ■
Co.—Extra Dividend—
13 declared an extra dividend of 25 cents per
quarterly dividend of 12Va cents per share on the
common stock, no par value, both payable Aug. 15, to holders of record
July 25.
An extra distribution of $1 per share was made on this issue
The
share
directors on July
and
the us'iaJ
Volume
Ott-i
Dec.
160
23, last
which made the
year,
per share.
The directors also declared
share
per
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4299
*
Plans:
total disbursed in 1943 $1.50
I ,/
■
dividend of $1.06V*4
the $4.25 cumulative preferred Stock, no-par value, pay;-
on
Sept. 5.—V. 159, p. 2517.
// ,s /•-'-
Colonial Stores, Inc.—June Sales Higher— /
/
.
.
Period End. July 1—
1944—5 Wks.—1943
1944—26 Wks.—1943
—$9,484,386
$8,448,195 $47,858,170 $43,444,645
Sales
—V.
159,
1969.
2413,
p.
•
'
.
•
-
petition, signed by .Ralph. H. Tapscott, President, states that the
company believes such a merger is desirable and in the interest of the
consumers and
of the public and that it "would bring about a cor¬
porate structure which would conform to operating reality."
/
Calendar Years—
Income
$12,386,303 $11,060,565
shown below)
deductions
(before
419,747
251,840
270,000
182,027
Amortization
Interest
first
mortgage bonds
benefit plan payment
on
Retirement
Interest
*
bank loans, etc.-
notes payable and
on
income
•Provision
for
taxes
tProvision
for
contingencies
on
364,699
332,900
for depreciation..-..;
of emergency facilities——.
.Provision
1942
1943
-
M
;;
243,583
v
62,490
*
8,597,566
7,985,082
1,000,000
;
"Upon such mergers being effected," the petition states, "the unified
systems; for the distribution arid sale of electric energy and gas to the
public in the City of New York and Westchester County, formerly oper-.:
ated by the Consolidated company under a corporate structure consisting of a number of separate corporate units, would be directly
owned and operated by a single corporation, the Consolidated company,
233,039
-i
'
which
profit
Appropriation to reserve for post-war adjusts—
also supply, distribute and sell directly.to the public the
presently distributed and sold by the Steam: Corporation."
1
The mergers would eliminate such
due to the continuance of the five
taxes, as are
separate corporate
as well
as inter-company transactions.
The termination through the proposed
mergers of the separate corporate existence of the several companies
proposed to be merged would result in economies in administration
units
•
"to
Balance
dividend
Common
$959,133
/ 232,095
$1,50
$1,294,707'
309,460
earned surplus
paid—
————.
Earnings per common share....——;
$2.00
? including
i
1942 renegotiations refund Hess post-war refund credit
$833,065 and $414,130 for 1943 and 1942, respectively),
tin connec¬
with United States and Canadian war contracts, including rene¬
of
gotiation.
be
Cash
U.
,
S.
1943
$9,825,491
- 1,405,690
136,655
11,090,135
7,457,597
•>,'
.
/
:
tax notes
securities
Treasury
——
-
•———
Other, marketable
Receivables
(less
^
reserves)
Inventories
Other
™:—„—
deferred
and
assets
items———
machinery and equipment—
•Land, buildings,
tEmergency facilities —
——
trade-marks and good will, at
•
Patents,
/Total
Liabilities—
3,420,975
1,685,835
1
1
Accrued
wages,
1,662,231
Reserve
for
for
Reserve
in connection with U. S.
contracts, incl. renegotia.
war
earned
losses
for
installation
on
—.—
in
•
.
surplus
——
———
ized
—^
to
sion
;
-
New
the
York
of
July
1944 ''
'
the
1
June
24
June
17
_
June
10
—I—
—V.
160.
..
-
7.
p.
—————
of
case
Net profit
series
mon
stock
-
stock
of
minority
follows:
held
Light
for
the
1%
is
of the
holders
for
Co.
Power
of
stock.
is
common
Steam
would
receive
the
the
receive
$10
A,
held
than
and
each
each
for
less
series
less
$216,551.
ing that
Cash
U.
be
o
bv
amount
the
of
Court
a
5%
S.
Capital
of
to
2%
with
•egistered
>f
1940
the
Oct,
on
29,
1934
in
"
uoau
The Securities
to .the
des
si
and
bv
company
Villes
trica de
$1,287,294
Yonkers
and
demands
ji
suosoaj
ion
was
dissolved
Stockholders
on
were
June
17,
requested
stock certificates
their
render
the laws of
de
joatuoqaaiu
by
*$5
It
Gas
&
bonds:
Gas'
of Nov. 16,
letter dated Dec. 1, 1943, to sur¬
Continental Bank & Trust Co., New
demand
more
held
notes
bv
would
devote
&
miles
to
acouire
and
after
in
either
tax
its
the
oyer the
(carryhig cne
Cities
cwn
•If the loss on sale of
stockholders
to
ea-ned
surplus In
11
The
dividend
holders
12
announced
of
the
1943,
one
45%
a
for the six-month
Delta
apd
mile)
advanced
increase.
period
conveyed
1944.
was
69,203
revenue passenger miles
from 18,593,810 to 27,-
„
%
,
91.33%.
persons
contrasted with
V;:.
as
year.
and that,
*
South
the
across
total of 51,703
a
during
the
first
for the same period
have
additional ship this
account of the traffic demand even greater than it
on
open-market
to
Utilities
Co.
159,
2301.
p.
bonds,
will be'used
of
/ Calendar Years—
Operating revenues
Maint. of
15
cents
a
a
the
$0.55
.
"V:
'
ac-
1
assumed
1,144,982
General expenses
20,385,731
759,111
—
Miscellaneous operations
—„
———
1941
3,441,922
8,939,059
7,316.467
1,082,160' 1,056,015
15,620,065
11,180,539
512,214
257,800
1,161,449
1,021,155
3,945,748
14,310,736
—
1
Report—
1942
7,917,772
equipment—.—
Traffic
1943
$70,194,002 $54,475,496 $31,572,624
1,483,168
•
'
for Investment (Cr),
.
54,779
by Consolidated
Cities
bonds
on
the
Net
$24,192,502 $23,214,801
Railway tax accruals——
10,429,035
4,985,816
Hire of equipment (net Dr)——
1,383,958
'675,471
Joint facility rents (net Dr)_—
323,685
324,309
Firsht 6 Fiscal Periods
$89,200
•$416,790
Net
revenue
—
railway operating income—— $12,050,824 $17,229,206
(net Dr)
477,156
184,785
Other income
$15,895
360,000
347.700
360.000
$0.23
$1.16
—
$7,353,504
2,435,207
39,322
361.897
$4,517,079
437,071
$0.01
v
discontinued plant which was
first
ouarter
of
this
year
charged direct
had not
been
Available for interest.—
•Interest
>
de¬
on
$11,573,668 $17,044,420
——
funded debt
•Includes
interest
on
underlying
General
Balance
on
160,
20
March
p.
cents
on
1.
On
25
of
cents,
June
Dec.
1,
the
1,
which
1943,
first
116.
followed
common
payment
:
a
stock¬
on
the
v ;
Period End. June 30—
1944—Month—1943
tDeficit,
Sheet, Dec. 31
$1,364,791
$1,346,223
$9,980,543
/
road equipment,
—_——
844,224
Interest and dividends receivable——_™..
charges —_......—.1.
62,224
.....
Deferred
assets
——
Unadjusted debits
/
59,066
41,750
41,770
—563,567
6,425,032
536.402
4,979.988
receivable
—-
—
$9,367,783
2413.
19451
$
$
Investments,
etc.—.—
254,806,953 240,355,808
CAsh
1_——
^,
12,716,925 10.050.150
Temporary cash investments..
8,005,000
800.000
Special deposits
609,153
840.972
Net bal. receiv. from agents and conductors.—
592,704
420.078
Miscellaneous accounts receivable.
;
5,775,047
4,326,008
Matearial and supplies..—..—
—.—— *
5,268,836
4,487,379
Advanced
1944—6 Mos —1943
$4,080,007
6,381:921
$5,907,760 $11,306,966 t$2.301.914
bonds
matured
unpaid: 1943,
1941. $2,259,790.
$2,259,790;
1942,
5,737,455
5,665.908
Net income
-$2,259,790;
Assets—
was
dividend
1933.—V.
p.
•'
—_
Transportation
June 19, '43 June 17, '44 June 19, '43
347.000
.
payment
received
359.
:
;
and structures
way
Is¬
Consolidated Retail Stores, Inc.—June Sales Increased
V.
yv/
Denver & Rio Grande Western RR.—Annual
se¬
all
Total
-
295,711,416 266,897,621
-
/Liabilities—:
Continental Can Co., Inc.—Acquires New
Carle
C.
Conway,
Chairman
and
President,
Subsidiary—
July 11 announced
that thjs company has acquired for cash all of the capital stock of
the Cameron Can Machinery Co.. of Chicago, 111,, peacetime
manu¬
facturer of automatic machinery but at present engaged primarily in
war production.
•' >:■.
•
V
The Cameron company will ooerate as a subsidiary with the same
officers as heretofore, namely. Allan M. Cameron as President; William
on
.
M.
Cameron
No
changes in personnel
as
Vice-President,
announcement stated.—V.
and Robert K. Cameron as Secretary.
nolicy are contemplated at this time, the
159, p. 2193.
or
Common
Preferred
;
Seles •'
-r-V.
—
159,
p.
2414,
1944—Month—1943
$891,522
$842,072
1944—9 Mos
$8,365,856
stock
...
...
——
Unmatured
Accrued
tax
rents
112.596
liabilities..^
-Profit
and loss.—
3,585,817
1,881,943
——...i.
108.350
9,186,723
accrued.
liability.—.—^
current
liabilities_v—.
Unadjusted credits
/
1943
62,457.540
16,433.200
stock..
12,400
12.400
Long-term debt
i—-129,811,369 130.264,827
Loans and bills payable—
3,485,000
3,746,847
•Traffic and car-service balances (Cr)——
3,400,928
1,719,643
-Audited accounts and* wages payable———4,339.658
2.912,445
Miscellaneous accounts payable..——————r *
965,002
844.217
Interest matured unpaid—
105,860
113,569
Unmatured interest accrued—.————40,068
'44.631
Deferred
Crown Drug Co.—June Sales Increased 5.9%—
/ Period End. June 30—
62,457.540
16,433,200
stock
Stock liability for conversion, preferred
Other
ricity (electricity generated and
54%
for June,
1944, according to R. Stanley Webber, General
Manager, show the highest system load factor ever attained.
The percentage of seats occupied at all times was 94.3%.
The average
.Rents
,:a,//-/// -./ />/;•:
that System output of elecpurchased) for the week ended July 9,
1944. amounted to 143.900,000 kwh., compared with 177 700,000 kwh.
or the corresponding week'of
1943, a decrease of 19.0%. Local disribution of electricity amounted to 142,000,000 kwh., compared with
173,500.000 kwh. for the corresponding week of last year, a decrease
if 18.2%."
V":
July
first half
Maintenance of
4%
of
owner
Outlook—
previous
stock since
;
on
mile);
one
Traffic
pavment
The directors will take action July 26 on the common dividend for
the third quarter and 'at lea3t 20 cents per share will be declared,
according to reports.
In view of substantial earnings and strong cash
position, the distribution may be larger.
Eagle
company
pound
1943
Dividend
■ / -■
■
,./..
announced the purchase of the heating pad division
Electrical Manufacturing Co., New York City, for full
expansion into the electrical household field in the post-war period. •
The
every
increase in the mail pound
57% increase in the pounds .of
2,174,865 pounds of air mall, and 435,506 pounds of air express
computing the taxes, the net profit would have been $321,438,
cents per share on the comomn stock after preferred dividend
88
or
Hank also
Inc.—Output—
(La.), Atlanta, Ga.^—Traffic Up—
half-yearly report shows soaring increases in
compared with the similar period of 1943:
passenger
reqnirements.-
Official Acquisition— /
'3458. / ;////;/
105,163,700 106,360,374
been carried during the past six months.
Mr. Webher pointed out that Delta possessed an
ducted in
ngton. 111.
p.
11,305,995
26,549,544
Bonds—
10-year
B
Co.,
Southern
or
$199,409
share.—.
per
Sales
19.9,
52,965,500
11,305,995
26,834,319
chgs.
shares-
com.
Earnings
Appointment of I. N. Merritt to be Vice-President and General Manof this corporation, maker of household washers and ironers, was
mnounced on July 7 by Bernard J. Hank, President and Chairman of
;he board, following Mr. Merritt's resignation as Vice-President and
iirector of the
Electric Household Utilities Corp, Chicago, and as
President and director of its subsidiary, the Meadows Corp., Bloom-
Consolidated Edison Co. of New York,
52,965,500
—_
——
Records
:
Gas.
scries
Gas
proceeds
savings
June 17, '44
all
'
if.,
as
one
34%
his
iger
the
1,277,470
express carried, and In figuring, express pound, miles, a Z2% increase.
In spite of
the additional cargo loads, passenger traffic was: up
160, p. 7.
t?.xes
Outstand.
„
the
Mr,
traffic
(carrying
year,
Retire
Islands
-Second Quarter-
'
jf
3,652,405
2,000,000
1,253,992
——————————
Transportation
$300,000
Period Ended—
dividend on 125,387 shares,
the remaining 22,767 shares
Conlon Corp. of 111.—New
2,572.943
increase in the pounds of mail carried; 62%
than $100,000 and $500,-
Gas
E'ectric
outstanding Southern
additional
Net brnf.
leaving a balance of $20,718 to be paid
then outstanding. These funds are held
Continental Bank & Trust Co., New York, without any time
Unit until shares are surrendered in liquidation.
■/"/
:
After the payment of the liquidating dividend of 91c per share,
here will remain a cash balance of $3,806.
Of this amount, $2,241 will
>e
expended for the fees and expenses of the distributing agent and
he balance of $1,564 has been reserved for payment of legal and ac:ounting services, printing and other contingencies in connection with
he winding up of the corporation.—V. 158, p. 2466.
ng
>y
stock
1,124,050
2,000,000
—
—•„™^——
Delta Air Corp.
com¬
subsidiaries—Compagnie d'Eclairage Electrique
et du Cap Haitien
and Compania Elec-
Consolidated
securities,
open market.—V.
squal to 91c per share on the 148,105 shares outstanding.
In addition
he registrant paid to Continental Bank & Trust Co., New York, the
;um of $44.59 to cover payments with
respect to scrip certificates for
Pactional shares of capital stock representing 49 full shares.
As of May 22, 1944. the sum of $114,102 had been paid as a liquidatm
828.611
923,992
1,177,020
■
($5 par)———
The corporation's
Consolidated Laundries Corp.—Earnings—
1943, remained for distribution to
1,269,302
747,941
payable
preferred
stock
aspect of
'japjo
Exchange Commission approved July
two
on
The
of
Electric
which had been appointed distributing agent for cancellation
igainst distribution of the pro rata proportion of the net assets of the
iompany.
-:yv >//■•.
After all assets of the company had been reduced to cash and ail
iabilities had been paid or allowances made therefor,
a balance of
as
contract
4,463,506
•Represented by 529,655 (no par) shares.—V. 159, p. 1037.
joj—SJiON
Co.—To
Domingo C. Pora. of not
respectively,
An
fork,
5134,776
4,624,570
1,360,283
321,137
„
liabilities™
•
Total
by Consolidated Electric.
_
,
taxes™™——
cumulative
Surplus
the State of Delaware, the corpora-
,
769,265
105,163,700 106,360,374
_
ajqissod
Of
65,646,023
840,850
—
076,486,' making
Port-aU-Price
Santo
ouisition
1941.
to
income
and
■
aSuojJO
17,835,847
553,291
5,635,701
Reserve for war-time and other contingencies—
Capital stocks of subsidiaries—^
■
116.
sajuoduioa
ut
9,442,075
622,036
5,891,997
payable
payroll, interest and other expenses™
Notes
are
for
payment
V
•
60,386,238
current
preferred
payincnts to minority
the above basis, assum-
on
p.
Proceeds will be used to retire Islands
j
Commission under the Investment Company Act
as a closed-end non-diversified management
with
900,000
accounts
Other
the
of
,
5,226,923
328,750
922,500
9,320,905
18,590,497
Other accrued taxes——,—
v..
sXvmjo a jo tCaqj 'uaoacnofj
so
jaoxa
Consolidated Electric
-•
29, 1940,
accordance
bonds
receivable
charges
Accrued
:ompany.
In
accounts
-
could handle, tbe Army, has recently returned two more planes which
will be placed into service in the next 30 days over Delta's system.—-
has ceased
Delaware.
and
$
Liabilities—
com¬
stock
common
'
1943
'
$
5,818,563
2,792,613
:
—
Trade
the
Total
minority stockholders
160,
than
cumulative
the
of
of
prior years,
retirement
?0
,■
assets
'Accrued
stock
of
of
debt
_
Sheet, April
ddemand deposits™
tax notes
Total
Output—
y
June
and
■?// :;/.
Balance
an
Treasury
Deferred
•ajqtssod so uotjisod
lands
incorporated
respect
Other accounts receivable__»__,
Investments and receivables other than current-
holders
Holders
Westchester
Ediron.
appraisal.—-V.
jooijaqoi/djo
joatfaqoqdjo
s^ocnjD fou
8.0
cured
was
in
$143,400
Inventories
stock¬
minority
preferred
-:///.y:.''.:
.
Consolidated
would
none
upon
7.1
Inc.- -Ceases To Be In-
investment company.
an
Commonwealths
hand
on
Common
share
minority
Less
the
of
3%
5.2
findings issued July 7 found the company
of
%%%:,:
Trade notes
last
Co.—
in its
$2.75
over-provided
credit
Dominion of Canada Victory Loan
8.3
000.
The SEC
$3,956,813
$2.85
1944
half of
kilowatt
Commonwealths Distribution,
$4,199,327
$2.19
.
Assets—-
by minority stock¬
share.
share.
2%
than
outstanding stock of the
owned
stockholders
corporation
irestment
$2,633,813
$2.16
share—
Consolidated
their
for
each
than
Less
Corporation,
for
$72
'
tAfter deducting $378,177 for excess profits taxes
(representing debt retirement credit of $161,626 and post-war: refund
y;•
$135
share
minority interests.
of
stock
would
dividend
panies is
-
York
562,785
■
,
$8,866,287
2,648,275
2,261,199
by minority interests.
&
each
common
■
credit, of $205,600.
of
Public Service Commis¬
receive
'
$9,108,801
2,648,275
2,261,199
deducting 495,000
deducting post-war
tAfter
domestic district
any
pav
as
750,495
/
;
■
■
$7,543,237
2,648,275
2,261,199
•After
V.
weekly
this
'
Surplus
electric corpo¬
in busir*ss similar or
corporation is author¬
possessor
to
Electric
New
stock ^series
$6
All
hour output of electric energy of subsidiaries
adjusted to show general business conditions of
territory served for the week ended July 6, 1944 amounted to 217,049,365 as compared with 220,425,453 for the corresponding week in
1943, a decrease of 3,376,038 or 1.53%.—V. 160, p. 116.
The
dividends
Earns, per com.
•
of
■
$7,603,441
2,648,275
2,261,199
dividends
Common
corporation,
engaged
would
$108,625
share
the
stock
.
Commonwealth & Southern Corp.—Weekly
■
$2,693,967
Preferred
stock series A,. $7 dividend, would receive $82 for
minority holders of the cumulative preferred $6 divi¬
and
held by
///.
468,930
.
% Inc.
186.326,000 172,077,000
188.358,000 179,096,000
189.132,000 176,593,000
186,939,000 173,170,000
1,041,983
»
preferred
share
stock
1943
Fibreboard
Inc.
—$15,113,371 $15,314,821 $20,204,334 $15,259,863
Interest, etc.
312,015
214,686
603,767
Minority interest
59,106
71,513
96,847
'
71,809
U. S. & Can. inc. tax—
4,421,000
4,346,000
*3,800,000
3,693,000
U. S. & Can. exc. profs.
'■
'
taxes
$3,029,823
t3,042,000
*4,984,000
2,025,000
Prov. for contingencies*
'
2,000,000'
'
u'-i.'
'v
the
dend
Edison Co.—Weekly Output—
,
the
of
Queens
each
each
"Electricity output of the Commonwealth Edison group of companies,
.excluding sales to other electric utilities, for the week ended July 1
showed
an
8.3%
increase
over
the corresponding period of
1943.
Following are the kilowatt-hour output totals of the past four* weeks
and percentage comparisons with last year:
*
Week Ended—
1%
receive
for
preferred
V
"
of
unless the
companies
stockholders
preferred and less than
$5,062,366 in 1943 and
$4,793,530
in 1942.
tAfter deducting reserves for amortization of
$780,720 in 1944 and $288,974 in 1942.—V. 158,, p. 2359.
Commonwealth
&'
would
$115
the
determine,
subsidiary
Edison
than
which
It is proposed,
1,833,929
Total income
utility services sup¬
holders.
deducting reserve for depreciation of
•After
stock
corporation
business
otherwise
Less
holders
32,227,687
36,509,298
...
in
.stock.
In
i v."Total
the
to
electric
engage in."
Brooklyn
and
and
gas
should
stocks
;
602,605
5,080,000
1,000,000
89,501
154,830
2,248,638
2,596,937
481,129
4,911,000
1,600,000
89,501
154,830
2,248,638
3,582,184
.
Earned
•/
._
...
.
or
incidental
2,085,525
1,193,693
■
contracts
additional costs on compl. conts., etc.
First mortgage bonds
———
.
Reserve for post-war adjustments
:
Minority int. in capital stock of a sub. consol..
Capital stock (par $1)
Capital surplus
——
——»
1,365,798
$14,071,388 $14,845,891 $19,453,839 $14,697,078
from
Products,
future
gas
ration
,
nrog. &
charged for the several
the petition states.
the outstanding shares of each class of
steam corporation or of any domestic
/K;//
of.
time, and such economies would necessarily
rates
The mergers would be brought about under Section 85 of the Stock
Corporation Law, which, among other things, authorizes such mergers
by any domestic gas or electric corporation "owning at least 95% of
8,273,257
1,000,000
/*
made
by
customers in excess
billings, on contracts.—_——...
Payments
Reserve
income————£
on
contings.
and Canadian
:
.;
taxes
for
expense——
Profit
Divs.
726,498
.
$3,000,000
2,275,507
3,527,836
1,293,051
9,445,500
taxes—
commissions,
the
Of
584,277
,
$98,418,090 $85,382,861 $87,701,948 $68,051,335
79,740,255
66,809,774
63,628,174
48,943,901
3,858,807
2,909,691
3,834,108
3,599,520
747,640
817,505
785,827
810,836
as
financing for purposes of either additions, exten¬
sions and improvements or of refunding outstanding obligations of the
several companies.
If the proposed mergers were effective, there would
no longer be,
as there has been in the past, any occasion or necessity
for loans or advances by one of the companies to another or for the
guaranty by the Consolidated company of bonds or debentures of any
of the subsidiaries proposed
to be merged in order to market such
securities
advantageously."
-■
'
The
to
vehicle
a
32,227,687
to banks—
.—i—$6,500,000
Superheater Company——.—:—
877,568
Accounts payable (incl. 1942 renegotia. refund)
2,763,024.
Due
in
companies
petition.
"It would then be possible for a general mortgage;
to be placed, on all of the operating utility properties, including those
presently owned by the companies proposed to be merged, as well as
those owned by the Consolidated company.
Such a mortgage could be
•
Notes payable
Cost
net
—W-v
Depreciation
Depletion
the
to
90,726
11,958,946
36,509,238
:
—
■
11,326,729
900,760
3,289,635
1,663,872
1
'''
1942
$2,843,715
1,640,222
'/Assets-ir.'
Gross income
Any necessary future financing would be simpler to accomplish on an
advantageous basis from time to time after such mergers, according
„
Dec. 31
Balance Sheet,
Consolidated
'■
..
reflected
including
expenses,
books of account and corporate records,
separate
plied by the companies,
J-
1
\
with
and operation from time to
.
tion
,'h
1944
1943
1942
1941
-————J- $97,833,813 $84,656,362- $86,336,150 $66,217,406
Other oper. income,
would
steam
'$1,894,707''- $1,559,133
600,000
600,000
'■:-:'Net'
(& Subs.)—Annual Report-
Years Ended April 30—
Net- sales'
The
Combustion Engineering Co,, Inc. (& Subs.)—Earnings
;
Crown Zellerbach Corp.
/
The.company on July. 12 applied to the New York P. S. Commis¬
sion for authority to merge its utility subsidiaries into it to form a
single company:
Upon the consummation of the merger, Consolidated
Edison Co., now the parent organization, would take over the assets
and operations of Brooklyn Edison Co., Inc., New York & Queens Elec¬
tric Light & Power Co., New York Steam Corp., Westchester Lighting
Co. and Yonkers Electric Light & Power Co., in New York City, and
Westchester County, N. Y.
The plan does not contemplate the merger
of the Consolidated Telegraph & Electrical Subway Co., which owns
>and operates an electrical duct system in Manhattan and The Bronx.
.
the regular quarterly
able Sept. 30 to holders of record
Merger of Its /Utility Subsidiaries—
221
231.P02
52,015,508
54,271,171
46.533,933
16,565,170
Drl2,807,552£>rl8,676,769
$7,711,480
Total
...
295,711,416 266.897,621
,
Prior Lien and Income
Interest Ruling on
bonds due Jan. 1, 2018:
the Denver & Rio Grande RR.
4V2%
mortgage
NASD
of
Committee
July At
A 3V
income
on
following interest ruling on (a) the first mortgage
prior contingent bonds due Jan. 1, 1993, and (D) -A
the
1%
fixed
Practice
Uniform
National
The
Issued
cents per share has been declared on the no par
value common stock, payable July 31 to holders of record July 21.
A
like amount was disbursed on April 29, last, as compared with 15 cents
on Jan. 31,
1944.
In 1943, the company paid 15 cents on July 31 and
10 cents on Oct. 30.—V. 159, p. 1446.
a
reorganization)
have announced that pursuant to an order of the U. S. District Court
for the District of Colorado, they will be prepared to pay on and alter
July 10 19*4 to holders of certain bonds of the old company amounts
of money which are equal to and are to be credited against the fixed
interest, prior contingent interest, and contingent interest accrued or
to accrue in respect of the year 19*3 upon the securities which may be
issued in exchange for such "bonds if and when any plan of
ganization with an effective date earlier than Jan. 1, 1944, shall be
The
(in
of
trustees
•
March 31—
3 Months Ended
operating
Gross
,
—
those listed below-
Maintenance
-•
---
1943
$938,610
510,266
21,772
—
ducted
and
Interest
Balance
by
—V.
-
159, p. 2195.
contract
The
interest
for
•
Taxes
$190,199
$174,194
*
16,004
The
the
on
a quarterly dividend of
stock, no par value, payable Aug.
have declared
directors
share
common
■
■
last.
each;
cents
of
•extra
Aug.
2.
per
1943
Y
:
159,
Net
of
;
$1.03
shares
be
to
■:
7.
p.
r
31
15.6%-
$476,208
■•.■■Y
$5,692,984
$411,993
>
provision
•
.
.
June,'43
May,'44
June,'44
allotments
output-—$450,480
$451,209
$471.28.4
the first six months of the current year bullion production was
-Value of bullion
For
valued
with
compared
$2,721,973,
at
41'
corresponding
for the
$2,943,098
'
■
$1,764,956
of $22,000
securities
of
New York
made
were
Cross
earnings
Operating
Net
i>
■
■
159.
i
. i
■
22,454
■
■ ■■
stockholders
.$39,549
$77,106
.
and for re^
159, p. 2080r.
'•<
.a
on
.
Shares
Net
'(
..
.
—V.
1—
outstanding
_•
323,911
$20.19
share
per
the
1,747
The
.
:
ended
of
July
6,
1944,
Ebasco
the
inputs
System
Power
&
&
Power
companies
..
1943
trustees
declared
176,198
3,293
Light
Corp.
Light Co.._
&
above
3,341
3.6'
91,689
91,306
'"383
of
not
•
include
the
not appearing in both periods.—V.
•
.
}'
;
,■
.
"
■
'• ■_
$4,008,408
,
inputs of
117.
p.
any
a
$8.50
a
share
The
share,
1944—6 Mos.—1943
$3,718,307
$21,949,340 $20,828,785
value of
true
Corp..of Illinois,
the
.
'
Y
*
'
%
above.—V.
lost
been
is
neers
(Del.)—Liquidation Move Post¬
by
Banjamin,
Secretary of the company and of its parent Engi¬
Service Co.. told the SEC at a
hearing in Philadelphia
Public
I? L
159,
the company could
2634.
p.
' '
.
/ /
Electric
&
Gas
Co.
have
1
'
$
„
PlarAi
to ih'e
amendments
applied
Under the
the same treatment
p.
-
to
interest
the
study
.,
Motors
debentures
application.
an
:
extension
-
....
• ■
;
the amendments they will be submitted to the
2519.
'
fixed
Co.
which
approves
r
t
*
.
r -V
,
'
''
"
,«
t
/
^
Corp.—Aircraft
'
-
;
,
Production
'r
Record
industry to the Allied forces.
\
According to ap announcement made by M^ E. Coyle,-General Man¬
of Chevrolet and Vice-President of General Motors, the four plants
the division devoted to this work have produced a total of 113.750.455
of
aluminum aircraft-forgings, ranging from engine parts t6
eight-foot propeller blades, since receiving the first contract from thp
.Army Air Forces. Y
no
-
Y division
appraisers placed
and
it
has
a
normal
excess
\;
131,016
profits
$9,220,516
4,091,940
.1,225,479
to
868,442
833,040
754,232
201,129
281,471
1,481,106
899,859
Y
.
.
,
86,453
70,120
25,340
-
118,600
tax.
.
176,580
-
longer serve
any
...
income
Gross
Net
$1,357,822
p.
•
686,357
deductions
-
'
$671,464
...
decl.
on
com.
General
Pierce,
who has
public
Motors
been
Manager
relations
of the Detroit
to an
department,
Garrett," Vice-President in charge of public relations.—V.
Paul
160,
118.
13,796
$52,254
$685,260
8,045
11,102
$41,152
$572,884
V
stk.
$762,784
189,849
233,666
—
tax on claims
—
profit
revenue
Loss
profit
on
and
off_
45.985
$136,534
185,344
76,151
before
supplies
$185,152
30,051
——
depreciation, etc
Depreciation on plant and equipment
;
Deferred development expenditure written
Shaft sinking expenditure written off—.
Net
149,616
112,376
$43,222
Other
1943
Y
—
expense
Operating
$912,400
1942
$630,623
430,220
5,361
807
9,089
$106,483
costs
exploration
Shut-down
262,144
78,407
907
79,641
$527,582
shipments
Mining license and
2,912
$51,267
Ltd.—Earnings—
',
Operating
'
Divs.
and
bombers
Liberator
power
on
God's Lake Gold Mines,
$909,488
600
____
income
$51,654
>
1,618
L_._
to
program
planes.-
Calendar Years—
509,178
$49,649
Frank R.
the
of
Bullion
$1,418,666
44,443
(net)
income
Income
useful purpose.
$96,097
_
Operating income
Other
$104,632
54,983
Operating income
Depreciation
transport
3,494,052
72,235
13,700
Chevrolet was not started until
the personnePstaff of the corporation was announced
on July
12 by C. E. Wilson, President,- At the same time it was an¬
nounced
that John
E. Johnson,
who has been director of training
service in the General Motors war products department, will succscd
Mr.
Pierce
as
head of the Detroit public
relations office, reporting
$7,716,721
307,952
363,934
surtax
and
$762,541
large-scale
a
of
Transfer
office
—^Thousands of Kw.-Hours
1944—12 Mos.—1943
"
'
Changes in Personnel—
"
proved
willing buyer will pay
a
on
and C-53
C-47
'
.
.
1944—Month—1943
-
■
months after the output of aluminum forgings was underway".
However,
the single foundry devoted to casting this lightest: of all
metals has turned out approximately 3,000,000 pounds, the announce¬
ment says.
The company's entire magnesium castings output is used i:1
Chevrolet-built Pratt
& Whitney
aircraft engines, supplied by the
Grain
Froedtert
there,
what
1
Production of magnesium castings by
Y many
'assignment
$804,118
:
Fed.
2302.
159, p.
of the proposed liquidation of the
company was post¬
stockholders July 7 until July 21, pending approval of the
liquidation plan by the Securities and Exchange Commission.
•—V.
-1
'
r'
ager
I
118.
'
taxes
Fed.
Consideration
N.
'
'*
permission to file with the SEC
for
Electric
&
within
court
Outside
El Paso Electric Co.
poned—
P.
Gas
week
one
motive
of a
shares .of
97,823
stock
a
160, p.
Operating revenues
Operation
Electric Household Utilities Corp.—Official Resigns—
poned
1
'
'
forgings and magnesium castings made by the Chevrolet Motor Division
General Motors Corp.} furnish an enlightening cross section of the
tremendous quantities of vital war materials contributed by the auto^
Rejects)Stock
3, '1943.
When private
heirs brought action.
have
Maintenance
.
'
'
-of
Galveston-Houston Co. (& Subs.)—Earnings—
•
„
General
See Con ion
June 23, the highest
company,
it was announced last
This is an increase of 6,737 over
*
r
.
true measure
on
March
fortunes
Great
seller."—V.
willing
.' ■/
2415.
p.
-
announcing his decision against the State Tax Commission. Judge
.Fcsseen said:
"It is my opinion the stock market is not the true
measure.
v
1944—Month—1943
J
159,
Ail-Time High—
the
Made by Chevrolet—
In
■
system
160,
$11.12
is not .the
Minneapolis died,
-the value of
*0.4
*
Measure of Value—
as
of
value
a
1.9
93,802
97,143
figures do
Period End. June 30—
—V.
in
Associated
of
y
dividend of 20 cents per share
payable July 25 to holders of
a
value,
par
no
'
<
*
District Court
General
'
Edison Bros. Stores, Inc.—June Sales Increased 7.8%—
Sales
stock
own
•
stock's,'value. Judge
Manley
Fosseen held in Minnesota District* Court *• June % 21. Y The
Minnesota State Tax Commission, for inheritance ..tax. purposes, placed
Pet.
Amount
179.491
Co.
■
.'
July 11
stock,
stock market
The
unsafe.
i
1944—6 Mos.—1943
1944—3 Mos.—1943
»___$419,122,000 $519,482,000 $811,023,000 $941,523,003
to
;SEC.—V.. 159.
Malting Co., the Curb quotation on the day Mrs., Else Froedtert Lying
1944
Light
,
Note—The
:
;
Company
$811,023,000
to
the General
If
client
of
Services
Operating subslds. of—
■"Decrease.
Electric
General
amounted
'
Thousands of Kwh.
National
Second
they bought their stock, whereas the original plan
provided two kinds of treatment, depending en whether stockholders
purchased their shares before or after Oct. 31, 1932. .*
•
■*
The court, however, granted the committee acting for holders of th6
July
Market
Power
in
regardless of when
four-for-one
a
by
year
revised plan all holders of the shares would receive
.of
'
Froedtert. Grain ■& Malting Co.—Court•
Co.—Weekly Input—
companies
American
approved
Received
Orders
—
plan to public holders of the General Gas A and B stocks.
18. • This compares with 25 cents paid on July 15; last
.year; none since.
In 1942, the company paid 25 cents on July 15 and
35 cents on Dec. 15.—V. 158, p. 190.
^:v"Y"Yv-.'.::\YY
Inc., which are subsidiaries
of American Power & Light Co., Electric Power & Light Corp.
and
National Power & Light Co., as compared with the corresponding week
during 1943 were as follows:
i
Electric
2196.
1943 *
$926,372
$0.89
Gas & Electric Corp. reorganization plan. /YyY'YY
; v The amendments would have to do chiefly with changing terms of the
to
■
-
this
ever
Federal
the largest allot¬
was
meeting
special
a
Corp.—Earnings— :
.pounds of
week
the
operating
p.
on
common
•record
2415.
159. p.
For
;
at
159,
directors
The
on
$6,540,200
377,389
....
_______
Ebasco Services
Y
$8,295,900
$21.98
assets
assets
V
Figures just released, showing total production to date of aluminum
'
net
•''
1554.
p.
Co.
'
There were
basis of 70%.
a
(The) Fresiiillo Cq.-r-To Pay. 20-C§nJ; Diyidejjcl-r-
Eaton & Howard Balance Fund—Assets—
vv,
Y,-. •■':■' > • ■'
i
i
' >
v;
'
Y
'
Y June 30, '44 Dec. 31, '43
■Total
159,
~
2518.
p.
v
$36,461; divi¬
securities, $19,981,634;
General Gas & Electric Corp.—Amendments to
Offering—A special of¬
of
1,000,000.—V.
-
..
.;
by W„ W. Trench, Secretary.
year ago.—V. "160, p. 118.
.
$77,480
■
'*
securities sold,
for
week
the company's capital stock.
The number of shares oiit'standing will now be increased to 500.000 and par will be $1.25.
' The stockholders also approved a change in the capitalization Which
.will increase
the
authorized number of shares of capital stock to
split-up
Vw
■
■
$39,212
earnings
—V.
■<
$62,003
'
27,000
___
».»<*•■
*,
$66,212
?
expenses
;
1944—2 Mos.—1943
$136,549
$121:995
59,443
44,515
1944—Month—1943
>
receivable
ended
$1,774,436
months
was
Sheet, June 30, 1944
Has 232,332 Stockholders,
(Peter) Fox Brewing Co.—Stock Split-Up—,
The
Pericd End. May 31—
six
tax),
gains.
General Electric stockholders totaled 232,332 on
•
-
the
for
long term capital
was
Electric
received
number
Stock Exchange
purchases by 22 firms;
>
:
securities
of
(except Federal income
$819,532;
received
of
Associated
Ltd.—Earnings—
be distributed.
sale
the
$20,889,686.—V.
Orders
and $1 each on Jan. 30 and July 30, 1943.
Y
1, 1944, through June 30, 1944,
ment, 5 the smallest.—V. 159, p. 2519.
period last year.—V. 159, p. 2414.
East Kootenay Power Co.,
from
Per. End. June 30—-
Dividend Earns.-^
(no par) was
July 11 at
$301/2 per share, with a commission of 85 cents, by Leh¬
man Brothers.Bids were received for 11,680 shares and
%
Production Is Lower—
Y'%
'
210,000
during the first six
compared with $941,529,000 in the same period of 1943, a decrease of 14%, President
Gerard Swope announced on July 11.
Cancellations and adjustments,
applying to orders booked during the current and prior years, amounted
to $267,000,000 in the first six months of this year.
shares of Class A stock
the
on
201,000
for
months
period from Jan.
depreciation
for
fering of 8,1T7
Dome Mines, Ltd.—June
•
the
Florsheim Shoe Co.—Special
$4,523,580
194,000
Quarter 19% Below A Year Ago—
declared a dividend of $1.20 per share on
13
is estimated by the corporation at $1,054,000.—V.
v;.':'• Y Y'7
7.
effected
Month of—»
dividends will
General
may
$2,817,092
$2,712,382
$568,425
serves,
■
2414. Y
p.
Jan. 29, last,
income for
Net
1944—11 Mos.-»-1943
1944—Month—1943
..
159,
company
to
paid on
-
•••
188,000
17.496
Liabilities—Dividend
outstanding 450,000 shares of capital stock, par $10, payable July
holders of record July 22.
This compares with $1.60 per share
the
after
fiaies
the
1944—6 Mos.—1943
1944—Month—1943
July
on
$349,242
$362,013
General American Transportation
2415.
directors
87,534
$363,882
Quarter Ended March '31—
1944
Net profit after charges and taxes
"$822,474
"Earnings per share
•
;
$0.79'
♦After reserves for renegotiation.—V. 159, p. 1352.
Fishman Co., Inc.—June Sales Off 4,1%—
p.
69,555
receivable, interest accrued, etc., $52,060;
total,
Dividend—
News Bureau.")
First Boston Corp.—To Pay $1.20
1944—6 Mos.—1943
•
which
additional stock
The
stock.
requirements of
as
$542,862
159.
The
Stores
ft
Period.Ena. June 30-
par
Period End. June 30—
—V.
65,422
68,383
V
authorized capital stock
to increase the
preferred
par
at
Sales
$3,190,564 $15,267,166 $14,989,789
Stores Corp.—June Sales Rose
Diana
cash
("Boston
(M. II.)
/
20,858
_
1944, after taxes
Orders
•
,y;y y
t
$100
of
for
sold
34,817
15,838
K
3,872
on preferred stock payable July 1, 1944, $93,000;
taxes, etc., $25,000; $6 cumulative preferred stock (62,000
no
par sharesi, $3,100,000; common stock
(1,309,220 no par shares).,
$1,309,220; capital surplus, $13,850,944; profit on securities sold (less
dividends paid therefrom), $1,956,119; undistributed income, $545,403;
Refining Co., below.—V. 158, p. 2361.
stockholders have voted
4,000
27,301
$58,136
f8,833
r -
total, $20,889,686.
Y
television, Inc., Boston, Mass.—Stock increase
Filene's
The
A.
1,452
$386,913
profit
30,
dends
share and the usual: quarterly dividend
of $1 per share have been declared on the common stock, par $20,
both payable July 31 to holders of record July 18.
Extras of like
amount were paid on July 31 and Dec. 30, last year.—V. 159, p. 840.
by
-
_Y-
of $1 per
extra dividend
An
.Yii
A-
trus-
etc
Assets—Cash,
•
2195.
p.
/■'
Y
pref. stock
interest and
$286,591
$1.14
share
charges.—V.
8,523
29,483
debs.
on
register,
on
June
and Dec. 10. an
cents,
20
1944—Month—1943
$2,952,162
160.
v—V.
1944
$318,854
Fidelity & Deposit Co. of Maryland—Extra
1 to holders
Corporation, Including A. S. Beck Chain of Shoe
...
—v.
1,
86,502
Balance
31—-Y
See Panhandle Producing &
'
Period End. June 30—
Sales
Nov.
cents;
15
cents.
15
Sales of
♦
Its entire common stock
Electric Co. subsidiary to
&
Gas
Fidel Association of New York, Inc.—Control—
<
and May 1,
and May 1,
$620,308
41,055
;
expenses
reserve
20 cents per
A like amount was disbursed on Feb, 1
In 1943 the following payments were made:
Feb. 1
$530,167
"Including $24,795 in 1944, $19,323 in 1943, $13,999 in 1942 and
$17,256 in 1941 market value of securities received as dividends.
fNp
provision for Federal income tax has been made in view of the com¬
pany's election to be taxed as a regulated investment company an<£
.the expectation that substantially all net income for the year from
of
company
(Mo.)
—
all
"After
is
of record July 20.r
$488,639
1
■
'
Net Income
Divs.
r
;
debs
expenses,
Other
Dividend—Sales—
Diamond Shoe Corp.—20-Cent
10
by
sale
Springfield
income
determine.
Y
the
for
the
in
Earnings
100%.—V. 160, p. 117.
17,812
paid and accrued
tee
H.
Quarter Ended March
"Net
mortgage bonds
notes,
$602,496
49,459
1943
$468,001
disc,
Transfer,
-
general
Western secured
1941
$480,709
-Y 13,057
loan..
Federal Mogul Co.—Earnings—
•
outstanding voted and 79.35^ of those casting ballots
rejected the Commission's plan.
The ICC
report showed that of those voting in different classes
the following percentages accepted:
D. & R. G. W. first consolidated
bonds,
99.29%;
Rio Grande Western first trust mortgage bonds,
99.74%; Rio Grande Western first consols. 99.53%v
D. & R. G. W. refunding and improvement series A, 80%; D. & R.
G. W. refunding and improvement series B, 95.887%; D. & R. G. W.
general mortgage bonds, 20.67% ; RFC as holder of D. & R. G. W. se¬
cured notes, 100%; Chase National Bank, 100%; Denver & Salt Lake
Western common stock, 100%; RFC as holder of Denver & Salt Lake
1942
$475,583
18,740
debentures.
bank
change of 5%
Amort, of
Teed of Hot Springs. Ark., for $650,000 has been extended
30 days from July 4, the SEC has been advised.—V. 160, p. 117.
'
Ralph
mortgage group was the only one out of 10 voting
which failed to register the required percentage vote of acceptance.
The holders of only $6,443,150 of the road's $29,808,000 of general
s
\
Exp. of redempt. or ex-
89,003
>
Co.—-Time" Extended—
Federal Light & Traction
Only -20.67%
The
.x.'-.'v.'.-;''
: .v
1944
income
on
<
42,500
87,415
$184,441
16,004
—_
charges
other
—
*
$168,437
before capital charges—1
Balance
-
of general mortgage bondholders who voted indicated
acceptance of the plan.
Acceptance by two-thirds of the creditors
voting in each class is required by law, although a Federal Court in
Its discretion may order a plan into effect if it is satisfied it is fair
and equitable and complies with provisions of the Bankruptcy Act. -
:
v.'-1
■
$449,261
bonds
on
19,228
Depreciation
i
£
—
42,500
Taxes, other than Federal taxes on income—
85,910
Federal normal Income and surtax
—77,099
reorganization for the road failed to re¬
required votes of acceptance by creditors in balloting con¬
the ICC, a Commission report discloses.
the
ceive
Total
Interest
1944
$881,894
470,173
.
,
revenue—
Operating costs other than
ICC-approved plan of
'v
.•
stocks.
on
on
Interest
'
The
: y
•
6 Mos. End. June 30—
,
*
t
"Dividends
Interest,
Light Co.—Earnings—
Fall River Electric
bonds.
Bondholders Reject Plan—
presentation of the liquidation certificates, which will be
(together with the checks) as soon as possible after stamping.
,'
v
General American Investors Co., Inc.—Earnings—
capital
share has been declared on the
per
to holders of record July 28.
Like amounts
23, last year; none since.—V. 160,
11
Aug.
T. -•
8.
P.
agreed at the time of the contract on
19*4, transactions in the first mortgage A3 h fixed
face value of the
cents
50
of
payable
•'
;
disbursed on Aug. 12 and Dec.
were
otherwise
$45 per $1,000
dividend
a
stock,
on
returned
Corp.—50-Cent Div.—
Fairchild Camera & Instrument
and after
July 13
1 * Puor
contingent interest bonds due 1993 and in the income mortgage A 4V2/c
bonds due 2018 shall be "ex" the contingent interest for 1943.
In connection
with "when, as and if issued" transactions in the
first mortgage 3% 1% bonds due 1993 made on or before July 12
1944,
tellers shall deliver to buyers due bills payable on the settlement date
of the contracts covering the contingent portion cf the
interest for
1943. amounting to $10 per $1,000 face value of bonds.
In connection
with "when, as and if issued" transactions in the
income mortgage A 4'/2% bonds due 2018 made on or before July 12,
1944
sellers shall deliver to buyers due bills payable on the settlement
date of the contracts covering the income interest for 1943, amounting
to
issued
r*
consummated.
Unless
make
10
of
dividend
A
1944
stamping to the corporate trust department of New York Trust Co.,
100 Broadway,
New York 15, N. Y., which has been designated to
the said payments.
V ;YY £ v;:' Y
The above payments will be made available on and after July 17,
1944; and checks for same to the order of the record holders will be
Dividend—
Corp.—To Pay 10-Cent
Exchange Buffet
Bonds—
Monday, July 17
FINANCIAL CHRONICLE
THE COMMERCIAL &
222
$231,136
239.720
76,008
145,700
24,663
equipment sold
■
_
Erie RR.—Bids
Equip. Issue—
Loss
The_company has -mailed invitations to bid
to
locomotives
later
this
finance
and
600
80%
50-ton
of
the cost of
all-steel hopper
elecSc
scheduled for delivery
cars
' V
year.
Certificates
are
to
be
dated
Aug.
1,
will
name
jjv?..
the
dividend
rate.—V.
and
Bids
160,
are
are
p.
8.
to
mature
in
10
returnable July 20.
-
$149,624
year
Balance
William
on
of
June
Y-.
N.
Rosenblatt, trustee in reorganization, announced July 5 that
1944,. the U. S.. District Court for the Southern District
to
all
who
ordered
holders
present
The
Assets—Cash
29,
a
cash
distribution,
amounting
cipal amount of the outstanding liquidation
1944,
equ«l annul instalments of $362,000 each.
Bidders
on a $3,620,000 equipment
six 5,400 h.p. diesel
for
Foundation Properties, Inc.—Distribution—
•
•
trust issue
•••»;
"
on
of
record
thereof
'■.•
same.
liquidation
(except
certificates
should
as
•'
•
be
to
12%
of
receivable,
the prin¬
$238,610;
certificates of the debtor,
provided in court order)
'
...presented
materials
.
for
f
appropriate
$8,241;
in
bank
$21,193;
and
shares
$230,291
Sheet, Dec. 31, 1943
on
held
hand,
in
$99,915;
other
accounts
mining
and
companies
dividends
(at
costh
Canada 3% Victory war loan bonds, $700,000;
and supplies on hand, $159,357; prepaid insurance premiums,
Dominion
prepaid
expenditure
on
of
Winter freighting expenses
(1944 season), $4,484;
chrome property development, $32,180; mining claims
.Volume 160
and
leases,
$17,448;
for
reserve
$1,-144;
(3,500,000
$1,278,284),
of
no
for
$2,037,831;
par),
and
equipment,
$146,507;
(less
etc.
$1,427,935.
total,
and accrued charges,
income
taxes,
$3,631
payable
reserve
shares
935.—V. 150, p.
machinery
buildings,
depreciation
Liabilities—Accounts
payable,
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4299
$9,327;
deficit, $623,998;
Group
Operating
1944
$60,979
ment to
1943
*
»
the
at
required
request
of
purchase
to
value
less
held
the
and
Note—There is outstanding a bond of
is.
$109,297,
National
$980*649
$1, $26,361
July
the- shareholders.
.Dividend
shares
presented
1944,
stock
in
\
...
Mortgage
V.
Bell,
State
announced
7
Co.
of New
the
Dec.
on
stock,
no
similar
No
value,
par
distribution
share has been declared
per
payable Aug.
made
was
15
Feb,
on
holders
to
15,
payment was made last August.—V.
last,
of
the common
on
record
and on Feb.
159, p.
1039.
1.
Aug.
;
15,
1943,
Superintendent
•
of
payment
of Banks of New York,
final dividend of $87,291,
the
on
or.
The
Co.,
Ohio—Forms
'
Akron,
■
,
by
Kansas, Inc., preparatory to establishing rubber processing and
manufacturing facilities in that State, a Topeka dispatch says.'
'-^•The new corporation, capitalized at $100,000, would process synthetic-'
or
natural
rubber -and
manufacture
tires
and
other
rubber goods.
.
located,
an option
had been taken on ground near Topelra and
Kansas City, Kan., also was being considered.—V. 159,
Although there
ft is understood
that
site
a
near
2416.
p.
were
•
the
of
the
by
by
approximately 60%
$878,650, or
■
•
company.—V. 140,
made
dividends
its
on
amounts:
June
outstanding
ended
year
Dec.
30,
capital
31,
1941,
the
company
July
on
10,
1944,
declared
the
July 7 signed
order
an
sales
other
12
21
of
United
retail
the
stores
in
6
of
States
Army
the
company.
by
located
arc
cities
ready-to-wear
all of the men's
in
States.
conducts
was
City
,
and
.'
-
by wholly owned subsidiaries
its .manufacturing operations in
,
1943
overcoats,
Of the 38
York
New
in
year
operated
are
Company
the
to
operated,
stores
sales
1
boys'
and
consolidated sales for the
manufactured
trousers
in
17
men's
of substantially
;
of the
-
plants
directly operated by it.
It does not presently manufacture any of
the boys' clothing sold in the stores.
During the years ending Dec. 31,
•..■v.1
.
of
now
retail
company.
1939,
has completed
virtually
largely
other
Combined
balance .of
The
coats -and
retail
38
manufacture
distributed.
so
stores
-The
1587.
137, p.
146; V.
p.
Business—The business carried on by the company, in
through wholly owned subsidiaries, is the
and in part
a
chain
of
of
up
retail
plans for the purchase of
the Dickey Oil Co., which* has some 140 producing oil wells in Oklahoma *
and Kansas.'
If consummated, the transaction
will involve between
$5,000,000 and $6,000,000, it was reported. —V. 159, p. 2197.
.
of
directors
$16,921,332.
service
of the gross
■:
Corp.—Proposed Acquisition—
corporation
by such
ended
ended Dec. 31, 1942, $154,012; year ended Dec. 31, 1943,
June 30, 1944, $154,012.
of
and
clothing
were
a
Court Justice. Felix C. Benvenga on
VGulf Oil
cash
aggregate
clothing stores and the
approving the final account of the banking superintendent as liquidator
The
the plant might be
where
indications
no
held
■■■
Supreme
of
'■
represents
the Supreme Court at
claims,
V This .company has applied fpr a charter lor Goodyear Tire & Rubber
Co.
dividend
Collateral
owned
and six months
years
months ended
directly
operation
real estate or mortgage col¬
' V'
;':.C'-."-V '-/:■'/! ■
distribution of the company's
secured creditors has been valued
secured
were
/_%
assets.
real property
quarterly dividend of 21(4 cents per share on the common stock,
payable Sept. 1, 1944, to holders of record Aug. 10, 1944.
The annual
dividend requirements on the 32,500 shares of 5(4%
cumulative pre¬
ferred stock outstanding are $170,625.
*
part
holders of guaranteed mortgages and trustees of
certificated mortgage series, whose gross claims,
$1,458,180,
present
six
board
(History
closed-
was
are
guaranteed
subsidiary in the amount of
a
on
a
lateral.:
f
free
Rubber
&
1934,
aggregating
,
.
31,
various
A
*
Goodyear Tire
New Unit—
following
year
The
paid
company
the
$154,012;
York—Final Pay¬
to the creditors of this company.
./.'Substantially all of the. creditors of the company, which
Gilchrist Co.—To Pay 25-Cent Dividend—
first mortgage
a
Policy—In the three
the
averaging
any
- --
15.0625%,,
•
>r A dividend of 25 cents
secured by
subsidiary.
v
adjustments
stated
p.-841.
of
-
Creditors—.
-Elliott
118.
p.
is
Ipc.
regulations
Inc.
$308,025;
1943
$53,500
revenues
—V, 159.
Securities,
the' Investments
of
value
accordance•with
Dealers,
redeemable
are
-
Guaranteed
Jan. 1 to June 30
End. June 30
1S44
market
in
it for liquidation at asset
1% .-cents per share.—V.* 159,
Georgia & Florida RR.—Earnings9 Days
daily
of Securities
to
1279.
Period—
the
on
twice
shares
All
stock
$1,427,-
total,
based
computed
Association
wages''
capital
is
price
.
223
1940, 1941, 1942 and
and topcoats by, the
coats
3%,
3%,
1%
the
purchases of men's Suits, everrepresented approximately, 2%,
company
and
6%, respectively,
and purchased by the
manufactured
Of
the
1943
men's
and
sportcoats
*
,
the aggregate of such items
company during each such year."
of
trousers
manufactured
and
purchased
by
Gorham, Inc.—To Take Action Annually
-
Dividend—
The
oaoh
on
'
Preferred
"
directors
have
consider
to
at
est
volume
be
cannot
December,
and
November
October,
in
supplied with
June
Or:
the
$3
stock,
preferred
V;. 159.
V
this year,
15,
2197.
P.
divi¬
distribution of $35 per share was made on
which wiped out all accruals on the issue.—
a
admin,
&
debts
sales,
on
and
$1,274,553
de-
inch
for bad
prov.
872 407
866,209
912,155
28,318
27,214
21,409
$330,558
$381,130
$515,397
25,866
taxes-
19,315
—
Soc. secur. & old age ben. insurance
;
(disct.
recovered
debts
_L;
profit
-Operating
Inc. credits
on
_____
purchases, bad
A.
:
f^
$356,423
19,073
Depreciation
for
Prov.
Fed.
inc.
&
$400,446
19,778
$565,059
$177,901
and exci profits taxes)
inc.
*156,540
the
mining
directly
The
available in Amer¬
said on July 13
ore
20,298
result
the fact that
from
company
.
2,363
many
Co.—Pays 45-Cent Dividend—
14, 30 cents;
rr-V. 159. p. "2520.
dividend
initial
An
stock,
common
4,726
159,
of
cents
30
~-V.
31 to holders "of record July
2081,)—V. 160, p. 118.
<
.
.
..
159.
2416.
p.
.
.
.
6 Months
;.
£Net sales
stomjo
____
Total-
—i.
provision
depreciation
for
st
jou
suosoai
ft
joatuoqoaiu
Provision
Interest
fur
Mil
331,805
245,103
1,590,140
*:•'
expenses
from
z
.
-
$229,810
$1,008,627
2,096
2,412
■
$1,040,975
5,780'
'•
$1,046,756
opers.
$243,274
$231,907
$1,011,039
from
rev.__
208,504
211,809
878,268
954,203-
$34,770
$20,097
$132,771
$2,477,036
530,566
475,687
433,661
of
200,000
100.000
able
revenue
—
A
dividend
of
cents
7 Mi
accumulaticns
on
the
per
907,000
6%
recently declared on account
prferred stock, par $5, pay¬
was
cumulative
18,000
Cr9Q,700
been
as
50.000
income
Net
Class A cash
cost
"Less
$326,456
___
dividends paid
of
Balance
1
Assets—Cash
\
providing for depreciation.
Sheet, April 30,
1944
accounts receiv¬
inventories, $3,438,361; in¬
vestments and other assets. $681,621;
timber properties at cost, less
depletion
$1,291,263; land, $262,950; buildings, machinery, equipment;
etc. (net). $1,896,890; patents, $28,212; goodwill, $1; deferred charges,.
$141,4931 total, $12,322,110. " •*,'7/;•'/.'-;V
able
(less
reserves
of $95,000), $2,005,323;
f Liabilities—Notes payable, $289,000; accounts payable, $551,447; ac¬
crued taxes and interest, $122,027; Federal, Canadian and State taxes
cn income
(less U. S. Treasury tax notes purchased and held for pay¬
unconsolidated sub¬
sidiaries,
$137,128;
reserves,
$1,841,521; capital stock, $2,491,113,
earned surplus. $3,985,469; total. $12,322,110.—V. 159, p. 1147.
ment of
$2,904,405; payable to
taxes of $500,000).
Group
Securities, Inc.—New Issue
Offered—Distrib¬
class of Group Se¬
curities, Inc. known as Railroad Stock Shares, with an
initial authorized capitalization of 1,000,000 shares,
utors
Group, Inc. is offering a new
•
w-Railroad
investment
income
supervised
Stock Shares provides a diversified constantly
in
selected
railroad - stocks.
Indicated net
(from
regular
dividends
only
and
investment
"extra"v
exclusive of any
^dividends from realized profits) is about 4.40%.
'
'
of Group Securities, Inc., a mutual
fund
with
redeemable
shares.
Group
Securities,
Inc.,
or¬
ganized in 1933-, has aggregate assets in excess of $29,000,000 and
Represents the investments of over 13.500 shareholders, comprising
individuals, corporations,
institutions, trust funds and estates.
It
is
subject to Federal regulation and is a member of the National
Association of Investment Companies.
;
"
V
?;
''1
Railroad Stock Shares is a Class
All
of
securities
Group
and
Securities,
City, N. J., under a
cash
Railroad Sto^k Shares
(and other classes
held by First National Bank
carefully drawn custodian agreement.
are
of Jersey
1
Purchase of Shares
•
j j:
Railroad
of
Inc.)
Stock
Shares
be purchased from investment dealers
offering price of the shares. The offering
may
and -brokers at the current
with
and
the
the principal
executives,,
are
and
company
its
generally
Samuel
by
the
Kappel
stores
retail
and
C.
Henry
Marks,
as
a
co¬
operated
by Howard Clothes, Inc.,.
Samuel Kappel and Henry C.
Marks.
In 1929, Howard Clothes, Inc.,
consolidated with KaDbel &
Inc., -organized in 1928 to succeed to the business theretofore
by the copartnership of Kappel & Marks, forming a new
Howard Clothes, Inc.' At the time of the organization of the
company
conducted
Howard
of
1940,
8,
Manufacturing Corp. and Howard Clothes,
Holding Corp. merged'with and into
Inc.
Howard
pany,
.On-May 15, 1944, -the name of the
from Howard Manufacturing Corp. to Howard
company
Stores
executive offices, 170 Tillary St., Brooklyn, N. Y,
the
Corp.
On
com¬
changed
was
Principal
At various times during the past five years manufacturing facilities'
were
expanded.to take care of the increased volume of retail sales.
.
1941,
a
wholly owned subsidiary of
and%stockroom purposes the land
Company
has
into
entered
the
purchased
company
for
and building at 170 Tillary
originally had been leased In 1936.
which
N. Y.,
contract
a
purchase
to
for
the
ol'
sum
aggregate of approximately 310,000 sq. ft.
an
assigned to
will
be
for
after
the
such
notice.
The contract hag,
wholly-owned subsidiary, and it is contemplated that
on
or
about July 14, 1944.
Simu-'taneouslv with
of the premises a lease will be entered into with the
a
closed
acquisition
term
that
lease
The
ending
month
at
last
which
time
any
the
prior
such
under
rental
the
on
in
subject, however,
occur,
day -of
the
termination
sixth
of
calendar
the
(as
war
to the seller's option to termi¬
thereto upon six months' prior
lease
is
estimated
to
be
sufficient
to
defray all operating expenses and carrying charges and return approxi¬
per annum on the purchase price.
After the termination
of (he lease above referred to;' it is the
company's intention to transfer'
t-o these premises its
manufacturing plant presently -located at-160 Jay'
of
July
Preferred
1944,
16,
amounted
to
75
share.—V.
cents per
on
are
full
159;'
the
—
Stocks Offered
—
First public
accomplished
on
Lynch,
,/
stock
preferred
shall be
,
entitled
per' annum,payable
to
quarterly,
purchase
quarter
the
or
any
on
the
shall
July
-long as
preferred
have
been
1945,
and
1,
shall
Pierce,
stock sinking
fund
to
stock,
is
be
the
that
so
distribution
Of
fund
in
1
of
company
each
yeav
stock shall be -outstanding,
the purchase or redemp¬
to
which
-shall
stock
stock
sinking
be
stock
common
preferred
be
the end
the
$98,475,
the
on
to
apart,
July
before
deficiency
any
made
stock
set
or
or
applied
sum
except the
company,
preferred
paid
on
entitled to a credit
of shares of preferred stock
account
preferred
of the preferred
any
sinking
a
stock
dividends
arrears.
cumulative,
any
of
in
so
as
the
be
pany
,
Merrill
the
of* 5(4%
preference or parity with the preferred
Feriner & Beane;
Riter & Co.; H. M. Byllesby & Co., Inc.; Central Re¬
public Co. (Inc.); Graham, Parsons & Co.; Hallgarten &
Co.; Shields & Co.; Stroud & Co.; Inc.; A. E. Master*
& Co.; The Milwaukee Co.; Moore, Leonard & Lynch;
William R. Staats Co.; Stein Bros. & Boyce; Edward
D. Jones & Co.; Singer, Deane & Scribner; Frank B.
Cahn & Co.* and Newhard, Cook & Co.
*■'
are:
of
stock
acquired by the underwriters from certain large stockholders./V
.
;
/
.
' - ...."
Associated with A. G. Becker & Co., Inc., in the under¬
writing
of
rate
the preferred
before
or
aside
tion
before
50,000 shares of common (par $1). The preferred
stock is priced at $101 per share and the common at
$13.50. The sale represents public distribution of shares
,
set
shall
July 12 with the offering by a syndicate of investment
bankers headed by* A. G. Becker & Co., Inc., of 27,736
shares of 514% cumulative preferred stock (par $100),
.
'
at
cumulative
current
shall
thereafter,
Howard Stores Corp.
N. Y.
Stock—Holders
dividends
After
and
securities. $166,050; trade
$2,409,946;
$481,112
230,400
230,400
whom,
heads
between
Marks,
dividends
p. -216
distribution of stock of the corporation was
$194,820
230,400 k
___
products sold but before
1916
payments
record June 30.
A similar distribution has
made in each quarter since and including April 1, 19^1.
Arrear¬
to holders of
July. 15
850.000
45,000
Crl49,500
content
approxi¬
(accruing from July 1, 1944).
Company shall not redeem or
any shares of Its preferred stock, except in its entirety, or anv shares
of
its common -stock 'or of any junior stock,
if at the time any
Inc.-^-Accrued Dividend—
share
ages
13.520
1,495,000
prof, taxes
been
all of
Relations
1925, by Joseph Langerman,
receive
159, p. 2520.
K (The) House of Westmore,
181,951
16,793
exc.
wool
wear,
subsidiaries had
its
department
unions.
and
$92,552'
$2,097,168
230,512
taxes—-
substantially
managers,
organized in
nate
.
54.471
tax—__—._
in
defined)-Shall
1,179,271
from
16,353
350.000
profits
menced
St., Brooklyn,
5,676
State income
have
sellers
$2,220,246
$2,598,768
rev.
-V.
148,000
excess
strength,
for
and
mately .5%
$2,422,565
7,888
post-war refund of
t
rev.
Net
152,000
Federal
;
$474,913
349
$2,080,815
8.175
fabrics
the company
partnership,
the
$574,730
transp.—
$242,925
$2,855,496
50,150
7,033
store
various
month
1944—5 Mos.—1943
Deductions
(net)—____
expenses
■Canadian and
,*
fr.
transp.
Net
1942
expense
raw
satisfactory.
Company has collective
bargaining agreements with various labor unions.
;
Company was incorporated in New York on Nov. 22, 1932, under
the name of Howard
Manufacturing Corp.
The business presently
conducted by it is the outgrowth of one retail store, commenced in
1924 by Joseph Langerman, the
clothing manufacturing business com- '
taining
Ltd.—Earnings-
1944-Month—1943
Rev. other than rtransp.
1944—5 Mos.—1943
200,000
the
$625,000, payable In cash, the premises at 40 Flatbush Avenue Exten¬
sion, Brooklyn, N. Y., on which there is presently erected an 11-story,
penthouse
and
basement building
and
a
two-story extension, con¬
uoj—
.1
Federal normal income tax & surtax
Miscellaneous
•
rev.
Operation
6.8% Lower-—
1943
contingencies
general
Honolulu Rapid Transit Co.,
Period End: May 31—
Net
Selling, admin, and gen. expenses-
testing
1944,
employees,
of
of
St., Bro'oklyn,
'
$2,905,646
291,203
Other income
1,
2,600
employees
^
,
Ended April 30—
suggestions
of
some
fastness.
June
exception
office
•ajqissod so uotftsod
1944
________
mately
'
.
$5,430,490 $24,837,922 $25,189,664
;■/ ;7.
laboratory for
of
members
In
• :
j
t
the
15.
joatjaqDi/djo Joau so sXomjo ajo taqj 'uanacnopj
:aapuo
joot^aqoqdjo jooxa ut saiuodwoa aSuouuo of ajqissod
$72,886,851
jGreif Bros. Cooperage Corp. (& Subs.) —Earnings—
-
color
As
been
1944—6 Mos.—1943
1944—Month—1943
$5,061,179
a
and
,
: 1
declared on
share has beep
per
payable July
$15,
par
p.
'
Gross
Period End. June 30—
.•
Sales
company's >
incorporates
instances
com~>
merchan¬
•
and
title
'
(II. L*) Green Co., Inc.-—June -Sales
certain
in
the
.
,
$13,740,915 $13,720,054 $73,261,778
_____
merchandise
and
the
to
are. furnished by
the company.
i
'
clothing is sold under the featured names "Howard Clothes," ;
"Howard'Youngfellow" and "Howard Littleboy" at standard prices.
Company maintains in one of its factories its own shrinking plant
stock
75 cents.—V. 159, p. 216..
and Oct, 14,
(The) Hecht Co.—Initial Common Dividend—
(See V.
1944—Month—-1943
Period End. June 30—
Sales
other
company;
manufactured
is
The
May
Grant Co.—June Sales Increased 0.1%—
^
certain
the
by
merchandise
1932 it acquired the manufacturing assets of Howard Clothes, Inc.
Shortly thereafter Howard Holding Corp. (Del.), which had also been
incorporated on Nov. 22, 1932, acquired all of the outstanding capital-
*
'
$249,800:
$156,571 ,
$221,765
$1.15
$0.72
$1.02
income and excess profits taxes on-,
Current earnings of $177,901 in 1944 and $156,540 in 1943.—V. 159,
p. 1352.
profit
_•
_
Darnings per oommon share
"After
provision for Federal
made
the
such
materials
on
14, 25 cents; July
$254,527"
$224,127
£,878
of
merchandise not manufactured by
various domestic markets for such
All
acquired In
Some
specifications;
company
operation
Net
-v
ore!
July .14 paid, a dividend of 45 cents per share on
the capital stock, par $25, to holders of record July 8.
This com¬
pares with 40 cents fraid on April 14, last, and 50 cents on Jan. 14,
1944.
Distributions in 1943 were as follows;
Jan. 14, 45 cents; April
290,234
of foreign subs.
prof,
on
the
of
dise.
operations.
manganese
respectively.
is
pany
profits
exc.
$159,449
Dxch. loss
Lake
C.
49%;
Man¬
in
49,662.
(before deprec. & prov.
profit
for
M.
on
Haverhill Electric
'
miscell.)
and
•
Net
$1,448,961.
exps.,
'
discounts
1942
1943
$1,231,282
advert.
Sell.,
1944
31—
from sales, before
deposit of good grade manganese
statement
the
by
owned
substitute materials hadto be used in construction, because alloy steels and other acid-resistant
materials were more urgently required in other war uses.
In some cases proper materials are now. slowly being, obtained, and,
in other cases new and improved substitutes are being developed, so
that replacements are being made as rapidly as necessary.
".The development of the manganese ore mine has shown that the
original estimates of the amount and quality of the deposit were most,
conservative," Mr. Lake said.
"The company has now delivered, or
has already
stripped and available for immediate delivery, ore ex¬
ceeding the full contract quotas both in tonnage and grade.
All ore
contract obligations have
been completely performed on or ahead of
schedule."'—V. 159, p. 2416.
""
'
'
;
(& Subs.)—Earnings—
Gossard Co.
(II. W.)
Gross profits
Nev.,
Vegas,
subsidiary, has proved to be the larg¬
has exceeded expectations both as toquality of ore and-tonnage delivered the Defense Plarit Corporation,
plant adjacent to the mine designed to beneficiate the ore is not yet in full scale production, Mr. Lake stated. - V
This plant, built for the Government by the ore company and em-:
ploying a chemical process never before attempted on a large scale,
has produced several thousand tons of the highest grade manganese
nodules ever made, but full production is now being delayed because
of mechanical difficulties encountered in operations.
These difficul¬
ties
•
6. Months Ended May
$
Las
near
.
which,
year's income or end of the year asset position on which to base
dend action cn quarterly or semi-annual dates."
Mine
wholly-owned
a
Vice-President
a
While
Because of these circumstances
the necessary data as to a full;
heavily concentrated.
are
directors
the
in
business
of
months sales
in
pit
open
ica,
preferred stock for the fiscal year ended the preceding Jan. 31, instead
of considering the payment quarterly or semi-annually.
TV) "This step," states Charles L. Moreau, Secretary, in a letter to stock¬
holders, "was felt to be desirable in view of the fact that the results'
of
operations of any fiscal year were
largely determined by ,the
Kids
Ore Co.,
ganese
April of
meeting in
their
the question of dividends on the no par value $3 cumulative?
year
Three
The
decided
the company during each' such year, the purchases of such Items
by the company represented approximately 20%, 26%, 18%, 33% and
(M. A.) Hanna Co.—Manganese Operations^
so
or
fund,
aside
set
othev,
any
or
any
stock
having
to
as
dividends.
Com¬
sinking fund 'obligations on.
purchased by it otherwise than
set aside for such sinking fund or
out of sinking fund moneys, and
retired by it, such credit- to be $101
on
times the shrare3
so
purchased
or
retired.
Sinking fund moneys may within 90 days after any July 1, ba
gpplied by the company to the purchase of shares of preferred stock,
at a price not exceeding $101 per share plus dividends to the date 01!
such
tion
purchase, and remaining moneys shall be applied to the redemp¬
preferred stock on the succeeding Nov. 15, provided that the"
of
thereof exceeds $10,000, at $101 per share plus dividends.
amount
If at
,
in
any
whole
time dividends upon the preferred stock shall be in
in
arrears}
for six or more quarterly dividend periods, or if
sinking fund shall be in. arrears in whole or in
part for two or more annual periods, then and in everv such c**e,
until the company shall have paid all such arrears, the holders of tho
preferred stock, voting together as a separate class, shall have tht>
right to elect the smallest number of directors which will constitute
the
least
at
or
preferred
part
stock
one-third
the
of
Underwriters—The
board
of
underwriters
directors.
have
to
agreed
purchase
from
the
*
to use its best efforts, when and as
Inc., to effect the listing of the 5 (4 %
the. common stock on the New York
Curb Exchange.
stock, "Manufacturers Trust Co., New
York; and' for common stock, Bankers Trust Co., New York.
Regis¬
trars for preferred stock and common stock, Bank of the Manhattan
Co., New York.'/
Capitalization (as of July 10, 1944)
f.
Listing—Company has agreed
requested by A. G. Becker & Co.,
cumulative preferred -stock and
Stock Exchange or the New York
Transfer agents for preferred
■■
•;
(Authorized
Outstdg.
•
cum.
pfd. stock (par $100)
.<-•
32,500 shs.'
32,500 shs.
Stock" (par $l )_vv^-;-----u;--. '
"400,000 shs.
358,025 shs.
-Ml,975 shares are held in treasury, of which 9,000 shares are sub¬
51/4%
Common
ject
to
purchase
stock
executives
of
the
agreements
company.
between
the
*
•
company
and
two
and the holders of the common stock donated to the
company,
as paid-in_5ur.plus,,_41,975 shares, of common stock which
became treasury common stock.
(par $1),
the
stock
common
respective
forth
set
number
opposite
pfd.
; •
'v.
Shs.
..
Lynch,
Pierce,
Fenner
Beane
'
.
.
H,
M.
(Inc.)
3,600
Stein
&
Shields
A.
E.
Co.,
Hasten
Inc._
&
Co.
2,700
1,500
2.700
1,500
Co.
&
&
Co.__
Bros.
Edward
—
D.
2,700
1,0^0
1,000
2.700
1,800
1,800
1,800*
Staats
&
;
Jones
1,000
1,800
750
1,350
750
1,350
500
900
500
900
&
____________
Singer, Deane &
SrvibnT
1,500
Co,
Stroud
2,700
1,800
1,000
Co.
1,500
Shs.
1,000
R.
Bovce
2,700
Com.
1,000
&
CO.
Parsons &
Hallgarten
Co.
Leonard
WiPiam
Central Republic Co.
Graham,
Milwaukee
Moore,
6,300
1,500
and
Shs.
3,500
&
stock
names.
Pfd.
2,000
Byllesby
Co., Inc.—_____
preferred
Lynch
•
&
__________
Ritcr & Co
*
.
of
respective
Shs.
5,736 10,400
Merrill
shares
The
Inc.
•
of
their
Com.
.
A./ G. Becker & Co.,
:
July 10, 1944, the 616,050 authorized and outstanding shares of
capital stock (par $1)
were changed into 32,500 shares of 5(V%
cumulative preferred stock
(par $100) and 400,000 shares of common
ton
stock
stockholders
Frank
B.
________
Cahn
Co.
&
Newhard, Cook &
Co.
Assets—
3 Mos. End.
"
Calendar Years
March 31,
/
1944
etc.)
■;
_
-
gocds sold
gen.
and admin.
of
Cost
Sell.,
Other
4,574,179
4,493,782
10,216
26,296
^26,417
4,670,357
82,186
$2,052,949
$1-945,522
$204,421
~$U34,476
35,670
95,276
104,643
132,360
""$330,091
$1,979,752
11,413
$2,157,592
5,409
income
Total
income
Other deductions
1,014
:
bal.
and
Material
Deferred
Tnd surtaxf! '
Dividends
deducting
'After
667,400
826,658
443.268
Audited
deductions.
$1'i54 n?3
154,013
154,013
which credit the amount
debt retirement
1943 were allowed as
and
effect
After'giving
Cash
U.
hand and in banks
on
S.
Accounts
reserve)—
(less
receivable
Will-call
balances
—r
______
insurance policies
——
S.
deposited
bond
Govt,
Fixed
166,623
_____—- —
5.224
16,384
—
profits .t,ax
collateral
Deposits and sundry receivables
Unmatured
Accrued
as
(net)—______
assets
Deferred charges
$9,861,984
——
—
—
Earned
payable (trade)
payable of subsidiary—current
deposits, etc
_
<
—
Accrued and sundry liabilities—
i.
___________
Accounts
-V.
Federal
for
taxes
income_____
on
469,497
______
108 443
3,250,000
358,025
41,975
4,767,774
payable of subsidiary—————cum. pfd. stock
(par $100)—
,—
Common stock (par $1)_____
—
—
mortgage
Capital surplus
Earned
——
____
surplus
___
liabilities.
—
—
—
sold
Shops of America, Inc., a whollyof the corporation. No proceeds from
this sale will be received by the company.
Other mem¬
25,000
^
Ended
Months
May
Federal
for
and
income
■
audit would disclose.
Detrola
as
with
Corp.
Tool
merged into the company Dec. 31, 1943, and for
formerly named "International
Intervention of the merger prevents comparison
was
Corp."
year's results for a similar period.
backlog of orders on June 30
$25,000,000.—V. 160, p. 119.
previous
in
was
of
excess
May 31—
Depreciation
profit
deducting
$550,275.—V,
159,
S.
U.
2520.
p.
in
notes
savings
tax
Treasury
amount of
1.
$51,997,538
V
Excess
$200,000
situated
Declared Initial Dividend
Addition
ir.
Neither
items
quarterly
S1.06V4
of
dividend
has
share
per
Other
$3,643,236
892,424
-v
;
-
The
the
has disclosed that
company
armored
compact
cabins
for
new
the P-63
fighter plane,
Shares
King-
dividends—,.
armament
159,
and
the
of
range
plane
new
not
were
3,015,000
3,007,620
$2,750,812
2,506,875
$623,916
$243,937
'Excludes
3,340,600
3,342,500
Operating
Uncollectible
oper.
Operating
expenses
Operating
.
7,611,165
6.824,690
37,301,588
2,171,733
1.898,396
10,311,187
$1,049,996
$1,199,544
$5,344,854
852,331
977,406
4,204,501
___
income...
oper.
income
1944—5 Mos.—1943
$9,922,630 $52,957,629 $48,697,237
$10,832,894
taxes
_
____
33.499,991
9,178,473
bonds,
shares,
The SEC has
Pnwer
Co.
May 31, 1944
$307,4C9;
par),
no
370,554.—V.
hearing for July 27 on the claims of the Illinois
the North American Light & Power Co. and the
a
against
Co.—V.
159, p.
1657.
Insuranshares Certificates, Inc.—Earnings—
6 Mos. End. June 30—
1943
1942
1941
$81,782
$84,360
$88,018
$96,754
9.984
_
$2,174,308;
11,222
10.414
stock (3,350,000
$20,632,022; total, $90,-
surplus,
earned
5,670
Net
4.295
Divs.
paid
.
$65,922
_________
$67,125
$71,935
or
accrued—
45,140
47,390
50.260
share_—
$0.1437
$0.1384
$0.1396
for
a
declared value of $100,
V.
S.
1943.
surplus.
$3,310,185;
undistributed
oneraMng' income.
Years Ended Dec. 31—
1943
Ra'lwav
ooerat'ng revenues—
Railway operating expenses
p.
159.
shares
of
class
stock.
A
stock
The
is
no
par,
and is being offered at that figure.—
Ry.—Mop Trustee Joins in Re¬
funding Plan—
$661,524;
Federal
District
approved the
petition of Guy A. Thompson, who as trustee of Missouri Pacific RR.
had asked permission to join in a plan
to refinance the bonded in¬
debtedness
The
3942
of
court
Kansas
ing fund
13,988,869
Commerce
Moore
Terminal
July
on
11
Ry.
permit Missouri Pacific to join 11 other
filing the necessary application with the
for assuming and guaranteeing sink¬
in
Commission
and interest payments on
serial
gage
from
revenue
Federal
income
Pa'lwav
railway
o^erat'ons—
$10,881,223
taxes
and
excess
profits
taxes.——
insurance
retirement
Mr.
$7,771,653
2«2 463
the
346io61
;
interest
a
proposed $47,000,000 first mort-
issue.
Railway operating
payable
income.
$6,652,011
new
operating
income—
income
________
1,100,513
$4,920,809
Total
________
_
Miscellaneous
Income
deductions
available
Fixed
income
fixed
charges
Net
for
from
income.—
charges^
—
__
235,956
34,163
$5,125,839
in
of
income
$5,950 197
comparing
to
June,
with
723
totaled
1944,
714,
of
$90,700,787
which 02 were
62 Canadian—
p.
a
year
ago,
including
(S. H.) Kress & Co.—June Sales Slightly Higher—
Period End. June 30—
Sales
2,784,542
—V.
2|787,669
$3,162,528
120,682
earned
surplus______
$2,220,615
$3,547,761
281.747
98,502
48,136
taxes
1,044,584
1,045,554
910,765
profits taxes
4,132,300
2,347,071
374,980
Approp. for future losses & conting.
400,000
400,000
400,000
$2,029,045
$1,546,671
$1,532,133
143,854
144,000
850,000
800,000
'Prov.
income
for State
Federal
for
for
value
Fed.
taxes___
and
income
profits
exc.
excess
profit
dividends
dividends
u.!,
deducting
10'4
31.
Assets—Cash
and
salaries
$526,750;
1941
transit,
U. S.
$63,161;
S5,241,367;
receivable,
rents
receivable
rents
81,
(less reserve
doubtful
for
$5,623,182;
(net),
assets
trade,
less
$158,542;
Federal
than
deferred
taxes
discounts,
accrued
on
charges,
-V
;
payable,
,
V
$1,401,074;
expenses,
income,
ac¬
$594,678;
$473,970;
other
customers' deposits and unredeemed credits,
payable, $38,819;
mortgage instalments, due within one year, $359,634; accrued
on
income
(less U. S. Treasury tax savings notes of
taxes
$3,064,175; other liabilities. $213,416;
deferred income,
for contingencies. $1,200,000; 4V2%
cumulative pre¬
$2,671,000),
$48,240;
ferred
in
$1,001,000;
cost,
commissions.
other
taxes,
accounts
and
Jan.
total, $21,406,486.
Liabilities—Accounts
accrued
Sheet,
$125,777; merchandise inventory, $7,769,979; other
fixed
$967,451;
$614,569;
banks
in
at
accounts and
miscellaneous
^
.
Balance
hand,
on
securities,
amounts
and $24,300 at Jan. 31, 1944, were allowed
1943,
Consolidated
Government
144,000
800,000
which credit the
of
deductions.
retirement
debt
post-war credit,
reserve
(par $100), $3,200,000; common stock (stated value $1.75
$700,000: capital surplus, $427,350; earned surplus, $9,total, $21,406,486.—V. 160, p. 12.
■
: ;,V.
stock
share),
per
p.
1944—5 Mos.—1943
1944—Month—1943
$9,624,437
—
160,
&
July
on
company
Sons,
8
sold
the Hope Mill in Hope, R.
Inc., of New York.
I.,
to
F.
.
It
and operates more than 33,000 spindles.
cloth and jeans.
It has been a link in the
Hope Mill employs 300,
produces
Lonsdale
carded
chain
for
cotton
years.—V. 122,
many
p.
3219.
Lukens Steel Co.—25-Cent Distribution—
$9,611,549 $57,355,788
$55,680,229
July
—V.
159,
2522.
10.1%—
1944—Month—1943 1
$2,906,445
P.
27.
last.
In
March
on
A
July
stock,
common
1943,
the
11
par
,:
1944—6 Mos.—1943
$2,639,211 $17,436,450 $15,126,602
of
on
the
was
made
following dividends
were
on
Feb.
paid:
of
Lukens
and Lukenweld,
the company
Steel
Inc.,
Co.
and
announces,
15
Feb.
11, 20 cents; and May 15, Aug. 14 and Nov. 15,
earnings
Corp.
declared a dividend of 25 cents per share
payable Aug. 11 to holders of record
$10,
distribution
similar
"The current dividend,"
Lane Bryant, Inc.—June Sales Up
sales
directors
the
on
12.
Period End. June 30—
$3,162 528
Co., Providence, R. I.—Sells Mill—
Lonsdale
This
2417.
159.
Net
transferred
$5,638,298
200,499
the
Balance
107,70(1
$7,860,519
Income
96,200
The
1944—6 Mos—1943
1944—Month—1943
in
operation
v.
$5,984,360
•
Appropriations
$3,440,061
154,679
'
0.4%—
$16,078,736 $16,147,133 $95,059,358
—
Canadian,
197,809
$5,156,765
$2,341,297
—,
_______
—
$5,483,618
176,342
:
158,391
give the company a gross saving of nearly $24,000,000 by
maturity date in 1974.—V. 160, p. 119; V. 159, p. 1533.
Period End. June 30—
Sales
$5,786,551
30,927
____________
Income
$7,684,177
il..
Other deductions
The
Total
76,927.
—
Gross profit
rates
Stores
railway
1,000'
65,676
;
mortgages.-
Other income
Jacobson
$6.R«7 064
1,731.202
(net)
—
46,347
sub-tenants
Interest on
012,839;
262,891'
323.621
37,914,467
9,061,517'
47,850,977
11,438,842
55.910,896
___________
Selling, general & admin, expenses,
11,964,874
for doubtful rents due from;'
Thompson's petition stated that the new issue, if allowed, would
the retirement of the present bonds and because of lower
359.236
319 530
taxes_.
taxes...
bond
S. S. Kresge Co.—June Sales Decreased
Other
sold, etc.
1942
1943
$75,606,293 $64,839,113 $50,493,972
make possible
3,240.000
:
Unemployment
Net
Cost of goods
Federal
would
approval
proprietary, companies
Interstate
H.
George
City
Statement, Years Ended Jan, 31
:
Prov,
crued
Judge
purposes
or
1944
sales
accounts of $2,CC0),
551.
Kansas City Terminal
$29,595,900 $21,760,522
13.714,677
remodeling
Consolidated Income
Net
as
•
Rents
for
$37,500.
assets,
International-Great Northern RR.—Earnings—
Federal
general corporate
'After
unrealized
treasury stock (200 shares). Dr$ 1,613; total, $4,421,596.—V. 159, p. 2521.
Net
as
of
Preferred
Government
bonds, $60,159; insurance stocks at cost,
appreciation, $254,270; cash in banks and on
$8,193; accrued interest purchased (U. S. Government bonds),
total, $4,421 596; offset b" caudal stock 1$). par), $451,500;
capital
which may include advances
opening additional stores or for any
Merrill Lynch, Pierce, Fenner & Beane
compensation for their services in negotiating this loan the
for
subsidiaries
Common
but has
Balance Sheet, June 30, 1944
$165;
obtained
other proper corporate purpose.
159, p. 2083.
subscribe
150,000
1,000
which is evidenced by 3'/» %
of $25,353 at Jan.
$0.1469
Assets—U.
available
to
dispatches from Cleveland, July 11, state that the company has
offered its "associates" (employees) who have been with the concern
at least six months and who are residents of Ohio the opportunity to
56,150
per
$4,100,810:
June 30,
on
Jack & Ileintz, Inc.—Stock Offered—
$83,111
1,500
1,500
1,500
an
1944,
Press
income
Earnings
share
Inc., above.—V
3.000
agreement dated April 17, 1944, the corporation, on
from Metropolitan Life Insurance Co. a loan
notes.
After deducting ex¬
penses,
the net amount of this loan, approximately $4,950,000. was
initially added to the working capital of the corporation and will be
24.
Net
Merger Completed—
See Burco,
&
Kebbon, McCormick & Co._
McDonald & Company__—
Reynplds & Co.
R. S. Dickson & Co., Inc.—
4,500
4,500
4,500
.
Weeks_~_-_- 3,000
&
declared
9,348
6,013
:_—
Taxes
Inc.
Jackson
Webber,
Curtis
________10,000
Sale of Notes
Provision
$22.84 pffr
Shares
Paine,
Pierce, Fen-
Beane
Pursuant to
common
159. p. 842.
with
and
stock
common
follows:
are, as
Lynch,
&
S.
The company reports that net assets as of June 30, 1944, with securi¬
owned adjusted to market prices, were equal to $25.87 per share
common
stock.
This compares with $24.72 per share on May 31,
last,
1944
5,876
Income
of
principal underwriters and the
which each has severally agreed
the
of
names
$879,592; employees' partial payments for
reserves,
850,250,000;
the
in
••
shares
of $5,060,000
Investment Co. of America—Net Assets—
of
Expenses
of
purchase
sum
U.
$17,367,310;
hand.
on
ties
Total
to
Provision
set
Illinois Traction
and
banks
in
accrued employees' vacations,
Claims—
on
of $300,000.
Liabilities—Accounts
payable for merchandise, expenses, and pay¬
rolls, $5,959,227; officers, stockholders, and employees' balances, $167,996;
$6,018,773
4,776,992
war
Co.—Hearing
excess
total, $90,370,554.
159, P. 2597,
Illinois Power
tlncluding
company.
dresses sold
of the
45%
Approximately
stores.
purchased
'
received
$53,040,336 $48,772,517
15,011
82,707
75,280
;
by
$0.82
$1.08
$1.01
held
stock
en
Govt, se¬
curities (less amount of tax notes applied against Federal tax liability
of $11,425,000),
$10,131,969; accounts receivable, $18,722,679; inven¬
tories, $25,887,829; employees' notes receivable, $28,658;. company's own
common
stock, $243,134; advances to and investment in associated
cos., $416,254; investment in stock of oth^r companies, etc., $188,471;
post-war
reiund
of
Federal
excess
profits
tax
(est.);
$1,340,000;
physical
properties
(net),
$15,720,311;
deferred charges, $323,939;
$9,937,641
16,657
rev.
revenues—
Operating
et
3,340.600
$0.92
dividends
pofits taxes of $3,000,000 after deducting post-war refund
revealed.—
Co.—Earnings—
$10,849,551
revenues
$370,320 " '
3,350,000
par)
Earnings per share
'
1944—Month—1943
Millinery and handbags are also carried in a
Lehman Brothers
$3,631,536
'
Balance Sheet,.
Illinois Bell Telephone
centers
are
Blyth & Co., Inc
stock
(no
Assets—Cash
Period End. May 31—
the
cost.
Hornblower
$91,250
?417.
p.
in
are
A. G. Becker & Co.,
$3,385,320
3,015,000
>
common
1955.
corporation nor its subsidiaries manufactures any of
the
sold
ner
5,220
$3,106,250
J_
outstanding
product of Bell Aircraft Corp of Buffalo, N. Y.
The P-63
Kingcobra is described as a larger and improved version of the P-39
AJracobra, which has. been in ire since early days of the war.
Power,
speed,
women's
of
Underwriters—The
May
a
and
1954
of 153 cities in 41 States and the
equipped with selling facilities to retail
apparel field.
The volume consists largely
dresses, underwear, hosiery, coats and suits,
shopping
■
of its Detroit plants isr making
one
a
main
stores
Merrill
Cr487,204
charges
Surplus
$225,000 in
and
1953,
Shares
Hudson Motor Car Co.—New Contract—
cobra,
V.
(1,644.906
jl, 557,161
250,000
income
Net
'Common
:
in
from manufacturers who devote their entire
facilities to making such dresses.
The raw materials for such drosses
are furnished
to these manufacturers by the corporation's subsidiaries
$6,833,603
for
reserve
The conversion privilege of the 4I/2<&
stock expired on Feb. 1, 1942.
tlncludes the
outstanding shares of common stock owned by the
offered.
+Notes dated May 24, 1944, and maturing
Columbia, and
sale
of Fed.
contingencies
been de¬
clared on the new $4.25 cumulative preferred stock of no oar value,
payable Sept. 1 to holders of record Aug. 15.—V. 159, p. 2416; ^
initipl
An
to
'32,000
+400,000
and
of
the
at
$9,752,463
6,604,347
+4,466,112
profits tax. (est.)
exc.
New Preferred Stock—
on
32,COO
600,000
(shares)_____—_____
articles in the women's
most
$3,586,273
56,962
taxes—_}
profits
None
(shares)—
($100 par)
par)
Business—Corporation was
organized in Maryland,
Feb. 14. 1929.
Corporation is a holding company operating, through
its subsidiaries, a chain of 180 retail stores selling women's wearing
apparel at moderate prices on a cash and carry basis.
The stores,
operated under the trade name "Lerner Shops," are advantageously
History
540,511
$9,714,203
38,260
$7,577 582
taxes—J
Post-war refund
18,000
with amortization payments on each May 1 and Nov. 1
beginning Nov. 1. 1945, as follows:
$100,000 in 1945,
1948; $1°5,000 in 1949 and 1950; $150,000 in 1951 and
year
1952;
$6,867,631
Dr34,029
$7,451,645
„_
income
income
$5,000,000
$5,000,000
($100 par) (shares)
1947 and
the
64,210,539
125,937
Total
■
„
of July 10, 1944
as
treasury shares.
now
1956.
each
47,897,391
513.873
62,915,121
537,094
income
Federal
,,
and
1946,
1941
1942
-
68,826,021
537,138
—
Operating
and
in
of
$76,814,804 $73,166,418 $71,618,682
etc.—
expenses,
Other
1943
1944
sales
Cost,
(no
sportswear and blouses.
~n umber of the stores,
International Shoe Co. (& Subs.)—Earnings—
Net
Registrar,
;
preferred
sellers
District
company's
6 Mos. End.
v.
.
above figures were
months of the machinery divisions
seven
stock
issued
May
—
for five months' operations of Detrola
Radio Division. Detroit radio-electronics manufacturing business which
Note—The
•;
--
.
Exchange.
__________
Unclassified and unissued
35,000
excess
...
..
Metropolitan Life In¬
to
Co.
surance
cumulative
31
$16,948,453
provision
taxes
:
A-uthorized Outstand'g
payable
notes
'Includes 130
DetrolaCorp^—Sales—Earnings-
'$808,578
Earnings per share on 490.000 common shares
$1.65
'Before provision for renegotiation refund and such adjustments as
an
Capitalization
t3Vu%
41/2cum. pfd. stock
Seven
m
(New York).
Co.
,
,
-
Stock
York
New
Bank of the Manhattan
(New York). •.
agent,
Common
for
the
on
Chase National Bank
$82,887,555 $72,273,917
after
profit
profits
listed
Preferred stock:
Sales
Net
,
stock
Listed—Common
Transfer
25,531,137
11.
p.
underwriting group include: A. G. Becker &
Blyth & Co., Inc.; Lehman Brothers; Hornblower & Weeks; Paine, Webber, Jackson & Curtis; Kebbon, McCormick & Co.; McDonald & Company; Rey¬
nolds & Co.; R. S. Dickson & Co., Inc.
V
V
Inc.;
Co.,
number
'After
account
Lerner
6,239,158
1
—
160,
350,856
1.627.725
466,402
_—__
Results
$9,861,984
Total
Of the shares offered 30,000 ar.e being
of Joseph J. Lerner and 5,000 for
share.
per
for the
26,435,857
9,651,469
1,876
—
_
deficit
124.756
810.259
23,622,802
credits
—
50,769,038
4,004,788
1,036,621
29,071,718
——
•
International
1,710
58,469
381,835
Customers'
$42.50
Associated
1,053
Labilities
Total
The
First mortgage
'Reserve
1,001
surplus
Appropriated surplus
15,666
_
—
•
_____
Liabilities—
First
1,255,579
accrued—
rents
tax
Machine
Total
2.665.724
1,609,462
.155,543
111,723
wages
liabilities
Current
Deferred
869,183
refund of Federal excess
Post-war
4,461,211
—<•./
_______
value—officers' life
surrender
Cash
U.
—
—
Merchandise inventory
1,509,665
157,594
429,986
42,247
———.
receivable
accounts
Miscellaneous
2,063,431
payable
payable_-^---_—_____
unpaid—
___
and
accounts
matured
Interest
$1,851,719
.
—_____
thereon (at cost)—__
accrued int.
bonds and
Govt,
balances credit—.:—__
service
car
Earned
31, 1944
March
Sheet,
Balance
Consolidated
to change of 616,050 shares of authorized and
outstanding capital stock into 32,500 shares of 5V4r/e
cumulative
preferred stock (par $100) and 400,000 shares of common stock
(ppr $1); and also to the donation of 41,973 shares of new common
stock.)
f
$7,500,000
.—--
accounts
Unadjusted
.
Forma
Pro
&
bers of the
$7,500,000
50,826,322
par).
Long term debt
post-war credit, of
10 'r
$82,887,555 $72,273,917
($100
502,268
$885,171
308,025
1,576,398
33,722
'•?. -:.v
stock
407,179
in 1942 and $2,237 in
of $5,058
1,995,560
———
Total——
414,768
$160,077
43" 755
stock was made Julv 11
common
syndicate headed by Merrill Lynch, Pierce, FenBeane.
The stock was priced to the public at
a
owned subsidiary
Traific
for period.
paid
38.303
42,718
354,518
________
debits
Unadjusted
Miscellaneous
Net profit
2,361,349
ner
assets
93,000
..
by
_____
assets
67,000
tax
ing of 35,000 shares of
2,170,894
12.
p.
Stock Offered—Offer¬
Corp.—Common
1,006,115
764,558
545,578
3,277,261
—
supplies——
receivable.
current
Stores
2,717,217
receivable
dividends
and
Interest
Other
-
Brooklyn Union Coal Co., Inc., above.—V. 160,
See
Lerner
7,636,000
334,518
and conductors—
agents
accounts
Sold—
Treasury
8.
_______——»
from
receiv,
Miscellaneous
Common
^Tnc.
(U.
investments
cash
deposits
Special
Net
$2,077,882
,
3,
profit
Gross
_
1,183,105
doubtful accts.
lor
_______
notes)
1942
$61,640,845 $59,677,721
4,639,405
4,305,037
——
1944
Lehigh Coal & Navigation Co.—Control of Subsidiary
31
1943
\
,
•
.
$16,286,880 $17,265,425
9,713,732 10,567,860
_
expenses
Prov.
^—_
_______
savings
'
$4,168,227 $17,704,203
2,680,486
11,219,253
(less discts.,
Gross sales
^
Temporary
1941
1942
1943
-
Cash
>•
.
Investments
.
Balance Sheet, Dec.
General
Consolidated
Statement of Income
Consolidated
Monday, July 17
FINANCIAL CHRONICLE
THE COMMERCIAL &
.224
and
16,
May
25
12,
cents;
25 cents each.
"was declared from
subsidiaries, By-Products Steel
quarter ended June 17, 1944,
for the third
companies' present fiscal year.
Including the dividend declared
July 11, the disbursement from the companies' earnings in the 1944
fiscal year totals
75 cents per common share."—V. 160, p. 13.
.'*•
~
:
Volume 160
Number 4299
THE COMMERCIAL
& FINANCIAL CHRONICLE
Luzerne,. County
',
Gas
•Allowed—1
Electric
&
Marine Midland Corp.—Earnings
Corp.—Appeal
\:i
\1'
: '■'}
\
>•,
The SEC granted July 7
fliicl.* constituent banks,
Period End. June 30—;
the request of the corporation, a subsidiary
to eliminate restrictive provisions of
the SEC order of May 27, 1941, in connection with the payment by the
/ company of dividends on its common stock, and the retirement of that
stock.
-v'/Tv'
■■
"
The Commission, in granting the application, stated that the similar
;
provisions of the Feb. 7, 1944, order of the Pennsylvania Public Utility
/Commission and "the general, improvement in Luzerne's financial con¬
dition" make the condition imposed in its May 27,
1941, order no
longer necessary.—V. 159, p. 2305.
*■
'■./ •■ \ v; ...y'"of
•
United Gas Improvement Col}
225
1
•
Consoj: net,oper:
after
all
Earns,
1944—3 Mos.—-1943
earns.
-
»;..
■
charges,—
per
$1,102,982
$947,747
$0.19
$0.16
1
$2,134,832
share_
•
'
-
$0.36
com.
Notes—(1)
(2)
The
above earnings
the New
Contingent provision for taxes
0CJ
for
the
six
Holders
amounted
McCrory Stores Corp.—June Sales Up 4.38%—
1944—Month—1943
Period End. June 3C—
-
to $423,000 and
$278,-
the
on
each
basis
Gross
Sales
$5,414,680
$5,187,697 $30,619,219 $30,167,550'
The company operated 202 stores in June, 1944, the same number as
1943.—V. 159, p. 2418.
1944—Month—1943
V $758,352
T—___.
income
charges
'
in June.
income
Net
after
and
$3,581,234
$3,570,452
152,202
78,783
1356,123
all
—
taxes—
tAdjusted.—V.
1944—5 Mos.—1943
$715,191
„
.
159,
19,180
2637.
p.
*
McGraw-Hill Publishing Co., Inc.—Special Offering—
of capital stock (no
'par) was effected on the New York Stock Exchange
; July
11 at $18% per share, with a commission of 50
cents, by Shields & Co. There were 56 purchases by
127 firms; 2,500 was the largest trade, 25 the smallest.—
V. 159, pr 2305.
-
,
A
of
dividend
of 30
accumulations
cents per
the
share
recently declared
was
stock, no par value,
payable July 15 to holders of record July 10.
A similar distribution
was
made on Jan. 15 and April 15, last.
In 1943 the following divi¬
dends were paid on this issue:
Jan. 15, April 15 and July 15, 30 cents
each, and Oct. 15. 35 cents.—V. 160, p. 13.
r
/
on
McLellan Stores Co.—June Sales Increased 3.2%—C
•
Period End. June 30—
Sales
1944—Month—1943
$2,918,660
;.
Period End. June 30—
Retail
1944—5 Mos.—1943'
$2,827,426 $14,379,071 $13,524,859
—V.
sales
159,
Stock—
' "
'•
-
'
'
•"*
Co.—Listing of Comv
••
'
shares
of capital stock (par $10)
outstanding.—V. 159, p. 2085.
Frederic
all of which is presently issued and
this
of
W.
Life
to
reelected
a
who
Lend-Lease
Comparative Income Statement
Years Ended—*
tured
**
trus.t
$2,481,835
527,382
2-
adminis.
&
gen.
Contribution
to
expenses
$2,111,130
has
Executive
87,000
Gross profit
at
82,737
93,954
;
of
stock
and
$1,425,773 ;
4,886
profit
—
$906,016
12,985
6.381
Federal
for
patent
stock
and.
both
Net
of
34,680
14,883
The
profits taxes
230,000
292,500
141,000
profits tax
695,000
364,500
438,000
excess
contingencies
100,000
250,000
'
___—
$435,527
$401,388
$318,514
*8,471
—104,195
—
Balance
$461,646
20,000
42,000
2,141,411
1.371,177
5,462,971
of
—;
387,902
—
.Inventories
development
refund
of
tool expenditures
profits taxes
___
and
excess
116,052
40,500
673,171
Machinery, equip., leasehold improvements, etc.
and
charges
1
30,790
for
and
$7,503,365
stock
Capital
350,000
276,250
322,493
1,181,185
earned
surplus
$9,451,329
$5,780,266
r-V. 159, p. 2305.
*
1-
Manchester
'
'
'
*
/
V
S
"
'
(N. II.) Gas Co.—Control Sold by UGI—
See United Gas Improvement Co.—V. 159. p. 2305,
>
,
»*'
-
a
.
it
,
^
J
'
i
>
S' I
•
'
'
*
\
.
,>
"«
-
t
J"
*
*
^
6 Mos. End. May 31—
Net
after
earns,
of
No.
created
per
1943
1944
1941
1942
taxes,
$237,166
$257,341
$295,631
$228,357
208,107
208,107
208,107
208.106
$1.14
$1.23
$1.42
$1.10
etc.
share
Assets—
banks and
in
Treasury
.
certificates of
'
and acceptances receivable—
credit
post-war
2,020,952
See
10,000
4,214
4.273
2,700
4,852
6.352
898,503
749,020
5,000,000
27,250
name,
etc.
5,000,000
5,713
and
salaries
sundry
wages,
accruals,
payable June
Federal,
social
1,
security
payable
296,680
52,015
777,670
800,000
100,000
to
1944
and
other
bank
taxes (est.)
l
—
for
contemplated pension plan
Capital stock (par $25)
,
Capital
surplus
Earned
surplus
Treasury
.
,
stock
___;
Total
—
212,848
894,697
1,200,000
dividends of $1.75
lien
prior
Feb.
on
the
were
1
first
10,
de¬
on
ac¬
6%
preferred
the 7%
prior lien
all payable
each
$1.50
and
Aug.
1,
$6
and
this year,
6%
to
1
made
were
May
the
on
and
on
stock,
of
on
and
preferred
either class of prior lien stock.—V. 159,
on
filed
loan
Hanover
of
30,000
used
convertible into
are
like
a
number
of
$1
10,359,336
58,861,474
9,552,172
Net
railway
34,574,379
49,309,302
income
act
act___
Bank
5,750,000
**' 714,464
5,516,039
Dr297,048
5,750,000
714.463
5,233,557
Dr297,048
with
on
the
June
1
15, 1944, payable as follows: $187,500
$375,000 in 1949, $375,000 in 1950. and
$187,500 in 1951.. <<tAfter deducting allowances for discounts and doubt¬
ful
accounts of $200,000.
jRepresented by 21,874 shares and $55
$375,000
in
1948,
scrip at cost.—V.: 159, p. 738;
V. 158, p. 2192.
..
operating
income
1,862,207
2,817,718
working capital, reduction of loan indebt¬
facilities.—V. 159, p. 2200.
*
new
a
Its
hour
an
declare
West
that
Moore
the
as
the
cleaned
well
well
is
2,340,893
37,392,097
:
income
Total
Miscellaneous
Fixed
1
-
deductions
from
income
51,650,195
.141,329
144,676
20,659,353
20,855,850
16,591,414
,
charges
income
General
Balance
Sheet,
Dec.
30,649,668
oil pool 2J/a
~
$
savings
670,781,904 659,131,571
;u_J.
cash
Traffic
investments
U.
S.
Treasury
notes
and
balance
8,482,833
(Dri
dividends
receivable
itself
Other
current
entirely
an
on
different
It has started the drilling
("Wall Street Journal.")—V. 159, p. 2200.
discovery.
12,162,439
142.691
17,700
17,700
assets
190,963
assets
Deferred
102,479
919,949
956,561
2,096,632
1.518,449
:
*___
818,049,767 758,437,006
Liabilities—
stock
Common
Preferred
($100
par)—
($100
part-
stock
and
accounts
Miscellaneous
matured
rents
tax
■
8,331,184
613,458
501,681
1,027,835
__1_
unpaid../.
interest
Accrued
9,924,211
3,833,428
payable___-
unpaid__
Unmatured
Other
payable
wages
accounts
matured
Interest
82,839,500
82,839,500
71,800,100
71,800,100
404,843,173 431,897,617
Long term debt__i^—
206,462
accrued
accrued-
liability—
206,462
227,857
463,350
333,502
;■
339,534
54,633,768
liabilities—
15,690,720
5,749,030
998,768
liabilities
173,604,292
156,396,933
credits
77,726,646
66,256,736
current
Deferred
Unadjusted
mud.
of
1,922,681
11,102,133
' 574,698
conductors
&
2,052,361
13,793,482
12,234,729
agents
receivable
receivable
Rents
9,426,440
Cr380~518
958,983
supplies__„__
and
Interest
from
accounts
-
100
balances
service
receiv.
and
Material
27,000,000
89,367.000
—
car
Miscellaneous
35,334,381
16,578,431
deposits
receivable
Notes
Net
-2-_.
-
—
Special
1942
v
■-
Unmatured
miles
31
1943
Assets—
Audited
for
manufacturing
it is reported, has opened
well, No. 2.
Utilities
Unearned
13,564
10,623
65,493,631
surplus
81,622,130
i_
492,500
surplus
Appropriated
deficit
Earned
Total
Stock in Electric
Co.—Holdings of
Minneapolis-Honeywell Regulator Co.- -$30,000,000 VT
-V.
818,049,767 758,437,006
160,
p.
14.
Montana-Dakota Utilities
Company has announced the negotiation of a new $30,000,000 regula¬
V-Loan
for
the
greatly expanded war
production program.
The new loan is in "VT" form and will take
the place of the company's existing $15,000,000 V-loan.
The new credit is available at any time and from time to time until
June
30,
1947, subject to earlier reductions or termination at the
option of the company.
Interest is at 2% 9e
on
the amount of moneys from time to time
and
there
Huff,
Vice
is
a
financing
of
purpose
commitment
portion of the credit from
L.
time
President
and
its
of
commission
to time
V\
"The
said:
1%
of
war
event
pany
a
of
major
provision
portion
of
of
that
the
the
termination
maturity
loan
of
is
terminated
war
production contracts
and interest waived
terminated contracts until
suspended
represented
by
of
St.
Chicago,
Paul;
par
$100
affiliated
The
loan
banks
carries
the United States.—V.
of
90%
a
159,
p.
Bank
Northwestern
and
Trust
National
by the War
guarantee
Co.,
Bank
p.
1943
1942
revenues
$9,394,380
$9,558,282
2,378,238
3,044.749
1,790,470
1,623,264
944,029
913,414
750,000
160,
14.
p.
,t- •*
products sold—
Gross
6,860
$3,524,757
$3,219,995
6,514
5,914
Sell.,
prof, from sales
on
purchases)
1943
1944
$70,842,105 $47,093,046
43,947,642
65,972,560
$4,869,545
28,798
taxes
Property
retirement
of
reserve
appropriations
limited-term
investments
Other income
service,
Net
income
interest
and
$3,531,270
other
Fed.
for
Net
income
Preferred
$1,980,272
$1,585,276
1,018,909
990,825
i
dividends
profit
and
ducted
1,240,541
Sheet, Dec. 31, 1943
a
Assets—Plant, property, and equipment, $81,872,609; total investment
and
fund
de¬
posits, $48,283; working funds, $12,500; U. S. Gov. securities, $974,545; notes receivable, $1,201; accounts receivable, $673,915; materials
and supnlies. $514,553; prepayments, $19,404; other current and accrued
assets, $6,001; deferred debits, $1,211,344; total, $86,944,911.
accounts,
$135,774;
cash
in
banks,
$1,474,781;
special
Liabilities—7%
preferred stock ($100 par), $7,979,400;
6%: cumulative preferred stock ($100 par), $41,700; $6 cum. pfd. stock
cumulative
no
par
shares), $6,594,922; common stock $10 par), $20,long-term debt, $32,678,000; accounts payable, $82,225; divi¬
declared, $246,749; matured interest, $30,840; customers' de¬
posits, $89,762; taxes accrued, $3,518,239; interest accrued, $283,150;
other current and accrued liabilities, $63,592; deferred credits, $50,149;
(70,989
000,000;
dends
833,517
638,529
749,284
69,418
44,267
34,280
and
deduct.
credit
on
like
of
1,385,000
$575,000
377,000
$1,098,884
$941,711
$885,197
$968,205
$1.16
$0.99
$0.93
$1.01
2,710,000
Cr220,500
on
depreciation included above amounted to $541,768 in
in 1943.
tDepreciation of $483,471 has been de¬
gross profit on sales,
$On basis of the proposed Rev¬
for
$525,375
of
1942.
of
the
nine
$83,000
which however
taxes,
32,356
474,597
t
taxes
share
Note—For
Balance
25,673
$2,601,442
stock
before
Act
64,840
$ 2,133,006
—
per
•Provision
enue
$2,510,929
) 46,750
$3,204,494
^
Earnings
1,640,632
$2,059,439
for deprec
income
Net
1941
$4,898,343
Refund of exc. prof. tax.
$3,225,908
1,550,998
deductions
gen.
1942
) 26,818
expenses
& miscell.
Provision
Prov.
$3,145,404
59,090
income—)
—
admin,
Inter.
52,140.023 236.411,192 260.530,509
»
sales
of
r'.
Corp. of America- —Earnings—
End. May 31—
9 Mos.
Net
Cost
*.
47,105,124
—V.
750,000
6,886
Other
taxes
the registra¬
1944—5 Mos.—1943
1944—Month—1943
I.;/.
Total
expenses
amendment to
'
Sales
Minnesota Power & Light Co.—Earnings—
Calendar Years—
an
1766.
!
Period End. June 30—
Discounts
Operating
from 1946 to
to the redemption
Montgomery Ward & Co., Inc.—June Sales Decreased
9.7%—
of
Operating
3y2%
of
$1,950,000
funds,
be announced later in
statement.—V.' 159,
tion
Depart¬
2418.
outstanding
rate of $390,000 annually,
other details will
Miscellaneous
Federal
a
serial notes, due
1950, inclusive,
of its outstand¬
ing $390,000 of 2Vz% serial notes, due March 15, 1945.
Blyth & Co., Inc., and Merrill Lynch. Pierce, Fenner & Beane are
named as the principal underwriters.
The public offering price and
company's
Murray
Continental-Illinois National
and four
Minneapolis.
of
shares of its 5% pre¬
share.
applied to the redemption
and sale of 20.894V2
together with treasury
and,
contracts."
participating in the loan are:
Northwestern National Bank
Minneapolis; First National Bank of Minneapolis; the First National
Bank
Co.—Registers With SEC—
registration statement with the SEC cover¬
a
issuance
(cumulative),
serially at the
upon
produc¬
the
of
unused.
Treasurer,
of the company has been greatly expanded and the new
loan provides funds with which to carry the company's investment in
war production contracts.
It will also afford protection to the com¬
the
stock
ferred
program
in
through
has filed
ing the proposed
Proceeds from the sale of the stock will be
18.000
$1,500,000 has been arranged for
& Trust Co.—one-half to be taken
and one-half to be taken on Aug.
1947;
44,933,715
insurance
Total
with the SEC a registration statement
($10 par) cumulative convertible preferred
in an amendment, will receive $1 a
100,000
"
in
operating income
payable
(net)_L___.
retirement
Temporary
July
each
on
$1.50
v
Central
1,862,30d
Federal
1944
$13,939,821 $14,026,519
;
^Additional
3,407,756
11,320,000
2,209,529
2,389,243
excess
unemployment
common
Security deposit on contract expiring in 1946__
Reserve
77,313,744
5,125,282
49,000,000
Loan—
Gross
payables, etc.
Dividend
of
stock
preferred
Net operating revenues.,
$200,000
$200,000
payable
•Notes
than
$13,939,821 $14,026,519
Liabilities—
v.
made
shares.
be
barrels
40
Amortization
Total
Accrued
1942
103,657,770
will
4,350,960
2,500
receivable
goodwill and patterns—
Unexpired insur. premiums, prepaid items,
Notes
to
operations
and
The company
2,486,445
10,000
Sundry investments, less allowance
Land, buildings, machinery and equipment
Trade
Eastern
Rights
10.
profits taxes
Chicago South Shore fc South Bend RR., above.—V. 159, p. 2049,
ment
4,549,725
(estimated)__
Sundry loans and advances
Mortgages
50,000
130,000
,
profits
520,000
50,000
;
indebtedness
Inventories
Excess
to
Midland
1943
$841,054
297,000
savings bonds
accounts
railway
taxes
Road to Be Sold—
of
Treasury notes
U.
tNotes,
from
revenue
income
Banks
1944
hand
on
U. S.
S.
Mr, Ecker
West Moore pool of Cleveland County^' Okla.,
when its
Westermeier, produced 15 barrels of oil an hour, with con¬
mud, from a depth of 8,833 to 8,863 feet.
Production in-
settlement
$944,826
_
S.
July
227,793,238 178,424,499
124,135,469 101,110,755
-
expenses
Vice-
to be named
increased
of Westermeier
tion
Balance Sheet, May 27, 1944
U.
will
Company officials
on
Cash
Panhandle
of
effective
1943
-
operating
direc¬
1
structure
W.
outstand.
stk.
com.
Earnings
Taylor and
of
from
the
siderable
the
___
depreciation,
Shs.
Net
Net
board
Jr.,
1933.
registered
corporation,
east
borrowed
'
Manhattan Shirt Co.—Earnings—
.
$6
Distributions
has
common
and
well,
883,992
:____
Total
V
of
filed
Aug. 21.
m.
Unadjusted debits
shares
Proceeds
edness
tion
,i
the
Taylor,
dividends
30
$6
arrearages
corporation
value
par
$4,297,531
416,779
contingencies—
'
stock
$
1280.
liabilities
Capital
no
are
the
on
these
The
$5,780,206
Liabilities—
Reserve
Mr.
the
February,
share.
1
29,710
—
Total
Current
B
statement
545,824
trademarks___
$9,451,329
Patents
Deferred
shares
became
class
respect to holdeis of
to Leroy A. Lincoln,
that
announcement
an
preferred stock
1943;
29,
Underwriters,
2,900,426
381,420
certificates
receivable
Post-war
of
Mid-Continent Petroleum Corp.—-Opens New Pool—
Feb. 29, '44 Feb. 28, '43
of
531,638
of
with
registratkn
Pacific RR.—Earnings-
Operating income
Railway
Dividends
—$626,593
_
Balance
to
Mokan
p.
The
present
Investments
June
on
covering 75,000 shares of
Sheet
Assets-.
-Cash
Accounts
been
preferred stock (since retired).
paid on 5%
Treasury
by
shares
200
cr
and division
stock.
B
respect
owned
Missouri
1
15.
on
July
stock.
The
S.
with
class
Years Ended Dec. 31—
Micromatic Hone Corp.—Registers With SEC—
and
Condensed
U.
has
Jr.,
Vice-President
2638, 352,
pp.
'
*
Stettinius,
Financial
937.
quarterly
$1.50
record
classes
There
61,551
profit for year,
•Dividend
R.
directors, according
p.
held
the usual
of
Dec.
on
$912,397
■
Dividends
Given
purchase oifer constitutes the first part of the Mokaa
plan which stockholders approved on March 27.
Proceeds of the sale
of this stock will be used to pay off Mokan's debt of approximately
$5,000,000 to certain banks and insurance companies.—V. 160. p. 120.
Special
ac¬
Income
excess
for Federal
Provision
of
$1,438,759
off——.
declared value
; Prov.
$1,565,672
139,285
«.
__
balance
for
Co.—Stockholders
director
as
«./•:'
according to
accumulations
stocks since
Provision
159,
meeting
a
count
151,423
71,384
$1,560,786
—
Miscellaneous income
written
E.
made
Vice-President.
rank.—V.
directors,
holders
expense
been
and
his full time
Michigan Gas & Electric Co.—Accrued Dividends—
clared
'
count
devote
Administrator
and
by the board of
to
equal
The
-
(including real estate, per¬
sonal, etc., taxes)—:—_____
—173,381
Depreciation andl amortization, etc/ ; •
133,286
Unamortized
stock
common
and
expire at 3
Cash
550,666
-
Taxes
Interest
-
Other
Vice-President
as
to
time, Mr, Lincoln announced
changed the title of Charles G.
had
have
$1,633,373
462,549
employees' pension
________
Total
The
Made
Ecker
of manufac-
sale
products
Selling,
$33,-
$86 944
common and class B stock of record at the
12 are accorded rights to purchase 163,710 shares
Pipe Line Co. common stock at $30 per share
share of common stock of Panhandle Eastern for
Federal
(
same
President
Feb. 29, '44 Feb. 28, '43 Feb. 28, '42
-
1942,
•*:; >:
the
~
resigned
14,
Jan.
on
director
company
At
.
tors
on
of
SEC
will
Federal
1944—6 Mos.—1943
Co.- -Mr.
Insurance
President.
Magnavox Co.—Annual Report—
profit
Line
Railway
Ecker,
company
Assistant
the
Gross
total
$4,845,037 $17,707,673 $20,674,607
Financial Vice-President—
-
Stock Exchange has authorized the listing of 343,047
York
construction,
-
McQuay-Norris Manufacturing
New
Pipe
to combination
stock
subscribe
2523.
p.
Metropolitan
The
the
common
Rents
—V. 159, P. 2418.
mon
'
1944—Month—1943
$3,278,353
__________
one
common
Railway
>
of
cumulative preferred
$2
Melville Shoe Corp.—June Sales Off 32.3%—
J
the
account
on
of
Mokan, subject
Massachusetts Power & Light Associates—30-Cent Div.
-A special offering of 10,000 shares
aid
Eastern
shares
10
with
Railway—Earnings—
Period End. May 31—
1944—6 Mos.—1943
,
in
earned surplus, $7,165,638;
company's
Panhandle
of
the three months, respectively, and $811,000 and $476,000 for
months, respectively.—V. 159. p. 1557-
Market Street
'
of
close of business July
/' V
•
both
*
contributions
$7,368;
2306.
p.
Right to Purchase Panhandle Eastern Stock—
$0.31
adjusted to minority interest as
are
York Stock Exchange.
159,
Missouri-Kansas
-
$1,849,922.
'
reported to
$8,079,210;
967; capital surplus,
911.—V.
1944—6 Mos.—1943
;
,
(net).
reserves
—
trust companies &nd other affiliates)*
amount.
months
arising
was
ended May
from
31,
post-war
1943 company estimated
refund
of
excess
profits
offset by provision of post-war adjustments
.
Renegotiation—C. W. Avery, President, Statesof profits was required under renegotiation proceedings
ended August 31, 1942.
Renegotiation proceedings for
ended Aug. 31, 1943, have not been completed; however, the
rate of profit on all business for that year was at a level considered
by the corooration to be reasonable and no provision was believed
to be required.
For the period of nine months ended May 31, 1944,
no
determination is possible and no provision has been Included in
the financial
statements for possible renegotiation refunds.—V. 159,
No
refund
for
the
the
year
p.
1693.
year
,
National Power & Light Co. (&
Sought—
Forging Co.—Tenders
Moore Drop
.
Assets—
The company announces,
;
Subsidiaries—
Other
'
gaics
_
the company had in operation 207
period last year.—V. 159, p. 2418".
During .June, 1944,
loses than in the same
•
..
.
•
.
:
•
.
.
'•
•
taxes
....
taxes
ret,
Prop,
approps.
res,
United
$21,245,903 $20,592,743 $84,223,918 $89,075,528
10,511,937
9.978,833 42,901,011 42.152,201
3,581,993
3,154.760
12,341,736
14.263.275
1,164.402
1,3-52,628
4,707,278
5,261.459
1,638,961
1,609,369 rp 6,375,377
6,812,514
...
Net
.
oper,
'*'
38,427
$4,392,789
$4,511,349 $18,027,275 $20,664,245
(net)
Other Income
Inc.—Adds to Fleet—
company has Just received two Lockheed Lodestar Ph*nes. the
first of several additions to the line's fleet, according to G T. Baker,
President.
The additional pianes, he said, will be used to inaugurate
service on National's route extension from Florida to New York oity.
;
—V. 160.
.
14.
p.
Net
int,
Stamping Co.—Earnings—
31—
customers.—
etc..
—
Years Ended Dec.
to
of
sales,
Profit
from
'Cost
•
ft943638
<
,
$16
—_™_—_
Net
Nat.
*5,498,208
1,644,658
243,447
Provision
credit.'..—
profits tax post-war
$1,897,313
bb/,758
229,532
4on'S
—
————
renewals and maintenance
for depreciation of oper. properties..
Interest on notes payable
Prov. for Fed. income & excess;profits taxes..
Repairs,
Excess
subsidiaries
-?na'iSi
income
Net
income
Sheet,
Assets—
on
incl.
Receivables,
Investments
1,337
1,454,365
properties (net)
___—3,787,689
Non-operating properties (net)
381,237
Post-war refund of excess profits tax..
i__
175,000
Deferred
charges
and
assets
Total
v
credit
159,
Fed.
for
Prov.
Notes
security
Net
.
profits taxes..
V 2,250,000
Reserves
;
1,240,885
surplus
Earned
*
—
surplus
—
England Gas & Electric
July
week ended
—V.
4.
_
160,
15.
p.
a
.
$321,289
309,419
$323,318
313,015
$21,630
3.66%
Service Inc<—Earnings—
New Orleans Public
2,030
$331*049
expense
$10,303
.
/:•
■'.
^
.
—
31
Dee.
Sheet,
Balance
Assets—
,
Operating
revenues
Operating
expenses
•'
•
with trustee for payment of interest—
U. S. Treasury bonds, at cost
Notes
and accounts
receivable (netii
Cash on deposit with
Fixed assets
(net)
Deferred
1942
$42,316-
1943 >
$80,537
,
121.738
49,469
? 22,427
f 302
Deposit
5,738,750
1,337.589
462,650
Other
1943
1942
1941 >
$27,909,705 $24,357,847 $22,224,791
12,603,601
10,587,079
9,848,94L
4,828,879
2,675,862
1,773,002:
3,043,640
2,954,053
2,869,612
3,534,000
3,500,294
2,698,759
.
first mortgage trustee____
49,469
•
$4,640,559
8,917
3,603
$3,929,894
—
$4,649,476
$5,038,079
(net)
income
2,039,134
2,074,379
339,173
279,913
305,126
Cr46,302
Cr45,060
Cr90O
—
1
$1,757,170
544,586
1,054,713
$2,375,488
544,586
1,054,713
$2,659,474/
544,586:
1,054,71^
deductions
and
interest
Interest
construction.
charged to
Subs.)—Earnings—
National Fuel Gas Co. (&
1
Calendar Years—
Operating
;
revenues
Operating
'
revenue
Federal
"Federal
Other
...
1,161,000
> 1,740,912
„■
income
Net
396,168
$3,288,109
3,810,183
$0.86
;
paid
„
stock—
to per share on capital
•Less post-war credit of $129,000
in 1943 and $73,000 in 1942.
"
-'■'v
plant
Property,
Investments
Cash
banks
in
Time
other
and
on
Federal
Accrued
divs.
Materials
certificates...
and
savings
and accrued
loan
and supplies,
charges
Cost
94,012
sales
of
Net
and
expenses...
Federal
for
:—
income
taxes—
$7,473,275
other
total, $78,834,375.
preferred stock ($100 par), $7,779,800; common
no
par), $18,834,170;
long-term debt, $35,payable, $1,240,597; dividends declared, $399,825;
matured
long-term debt and interest deposits, $177,258;
customers"
deposits, $1,240,498; taxes accrued, $5,557,946; interest accrued, $737.909; other current and accrued liabilities, $151,930; deferred credits*.
$147,030; reserves, $4,843,721; earned surplus, $2,716,811; total, $78,Liabilities—$7
stock
n'on-ipstock.—
cum.
shares,
(753,367
accounts
006,880;
834,375,—-V.' 160, p. 15.
1943
1942 •
$91,795,090 $89,951,516
91,135,352 89,128,716
77,846
120,644
230,000 "
290,000
New Orleans Texas &
of
prior
chain
years—disallowed
for
Federal
dividends
2,346,138
524,247
293,770
income
prior years__
taxes,
.
78,703
$3,054,038
income..
(net)——
:
payable
275,288:
341,175
operating
Railway
Rents
521,659
2,494,000)
314,916
act
retirement
.
13,060.000
profits taxes
unemployment insurance act
excess
275,293
$8,360,575 $11,470,535
3,208,249
2,549,582
^
157,414
$3,327,227
surplus at end of year
550,726
and
income
operating
railway
Net
Earned
$22,627,393 $15,036,772
railway operations
from
revenue
Federal
$3,268,267
56,815*
$3,405,930
Preferred
expenses
Federal
-
Additional
operating
Federal
income
surplus
iy43
1942
$43,564,237 $31.31.3,7H(>
20,936,845
16,277,014
revenues
Net
86,094
prior
operating
Railway taxes
purposes
Total
Railway
taxes—
process,
years
Deprec..—
1,728,998
80,562
and
store
Mexico Ey. Co.—Earnings—
31—
Years Ended Dec.
$412,156
2,476,248
$351,892
3,054,038
-;
surplus at beginning of year
Adjust,
tax
year______^/____i/___-ii^__
for
income
Earned
82,341
-
2,139,763
502,494
„
—
Provision
427,747
183.715
cost—
at
Years Ended Dec. 31—^
2,889,500
3,417,500
1,363,625
,
receivable..
$1,695,972;
151, p. 2198.
Sales
assoc.
interest..
receivable
accounts
accounts
Deferred
assoc.
...
Fed.
on
certificates
Consumer
Other
loan
securities
bearing
deposits, $580,566; working funds, $48,717; U. S. Government
$3,100,000;
notes receivable, $28,443; accounts receivable*.
materials and supplies. $429,505;
prepayments, $36,74<»r
current and accrued assets, $28,593; deferred debits, $1,174,548;
securities,
National Tea Co.—Earnings—
'
1,061,663
3,974,916
1.298.000
4,162,500
>1,810,856
:
.....
savings and
Marketable
V.
.
93.126,338
4,608,022
$7,357,991
!
J* '
1943
31,
Dec*
.special
1
35,107 shares of preferred stock $300,000
debentures,
and 26,056 shares of common
$167,270;
accounts,
Sheet,
and equipment, $68,383,650; investment and
cash in banks
(on demand), $3,160,363r
Assets—Plant, property,
fund
Railway
1,359,497
hand
deposits
terest
'
$
92,976,800
intangibles..
assets...
;
Balance
.139,023
•Represented by
M-
$
incl.
equip.,
and
and
.
1
210,013
-
Income -deductions
1942
.
6,531'
7,939
203,381
6,872,000
—; /
debenture bonds.
-
'Total
;
1943
Assets—
—
stock and
•Capital
Balance Sheet, Dec. 31
Comparative Consolidated
taxes
income
credits
'Surplus
;
6,401
7,939203,227
6,686,500
expenses
debt
Funded
'
$3,438,178
3.810,183
$0.90
.
income
.
Equivalent
'
$3,827,397
389,219
$3,684,277
•_
deductions
Dividends
378,965
income
income
Total
3,448,431
301,023
___„
Operating
Other
657,000
1,712,308
3,383,255
...
for
Reserve
•'Deferred
1,521,488
$238,934
5,466
-
other
and
salaries
Accrued
1,423,566
....
...
profits.:
excess
.
$20,798,141 $19,076,494
13,089,408 11,737,267
——L—
...
taxes
Other
•
-J
on
Accounts
dividends
Common
$237,720
I' 6,189
&
bondsr'_
pa'yable _' i
Interest
dividends
Preferred
Liabilities—
f
,1942
1943
deductions.
taxes
income
ts
income
Net
$7,357,991 -$7,473,275
Total
$5,034,476
$3,899,585
30,309
operating revenues
Other
5,748
4,795
/
charges
.302
7,227,580
7,078,723
-
approp
reserve
Gross
22,548:
;
.'
-
—
retir.
1,879,854
Net
Other
125,313
.
—
—_
taxes
taxes
Property
bank____'__'_____'
in
decrease of
for the week ended July 3, 1944, was 59,073.424*
under the corresponding week last year.—V. 160*
121.
V.
■
of
decrease
a
426,591
a
/v--/:-
.
Comparable figure
,$747,879
1943,
10,
July
ended
week
the
for
51,739,153
1J.63%.
1,700
I——.—-
ago.—V. 160, p. 121.
ft., in the corresponding month a year
cu.
with
$329*349
—____——
•
cu. ft., aji
production of 432,354,-
450,048,000
New England Power Association—Output Off 11.63%—
The Association reports number of kilowatt hours available for its
territory for the week ended July 8, 1944, as 45.72L.T71,
compared
*942
^
429,021
:
income—
_
000
\
.
>\v/'
ago.
year
output in June, 1944, is reported as
of 17,694,000 cu. ft., or 4.09% above
increase
$5,679,885
1943 $758,370
—
cu. ft., a
93,579,000
week a year ago. ■ / --.'X r'; For the month* ended June 30, 1944, the Association reports electric
output of 54,081,182 kwh.
This is an increase of 1,850,407 kwh., or
3.54%
above production of
52,230,775 kwh. for the corresponding
month
Corp.—Earnings—
expenses
income
.Cash
•
,
reports electric output
1,124,795 kwh., or 11.9ip
the corresponding week a
ft., in the corresponding
Federal
$16,135,556 $12,147,440
'
.....
■
.
Association—Output—
the Association
7,
'
Total
$5,549,720
37,755
2,356,955
'
four months ended April 30. 1942.—
'
Net income for year
457,473
5,738,750
1,337,589
642,156
-
(114,775 shares, no par)........
stock
Capital
—
Calendar Years—
2,250,000
(V loan)
payable
.Capital
excess
—
for Federal
'
'
Gross, income
:
70,698
389,561
—,
&
income
.
7.394
61,127
of $34,583 overprovlsion
'
operating
'Other
$1,388,576
52.144
—
100.000
1,954,775
54,697
2,435,302
1,913.225
output for the July 7 week is reported at 91,251,000
of 2,328,000 cu. ft., or 2.49% below production of
Gas
26,363
v
$4,205,784
$1,271,190
$861,666
tenants
from
Operating
55,613
76,505
2,435,122
taxes
910.451
150,000
\ .
decrease
__
$2,290,827
123,722
stock taxes—
State,
social
"
$16,135,556 $12,147,440
payable bnd payrolls
local and capital
Accrued
38,299
adjustmhent
after
2639.
p.
Income
,
Accrued
4
14,659
National Press Building
Liabilities—
Accounts
■>
-I-
-
945
"4,700
tax
income
Interest
'
19,242
394
Years Ended Dec. 31—
388,727
59,462
—
$231,334
;•>
1,463,862
kwh.
This is a decrease of
production of 9,442,368 kwh. for
below
•29.981
5,794
4,962
'
146,143
3.665.484
/Operating
,
'V.
100,000
—
646,203
1,229
4,621
1
capital stock tax applicable to the
2,309,777
3,369,406
500,500
—
-—
1
adj. & other conting—.
8,317,573
cu.
deductions
other
&
•Net
1942
$1,611,784-
1,927,057
3,829,819
8. Govt., etc.
—
materials, etc
»U. 8. Treasury notes, tax series
.......
U. 8. certificates of indebtedness...——— U.
against
72,671
Balance*., surplus
,
242,831
1943
$3,874,725
Merchandise,
$6,094,164
.349,376
of
.1
$5,549,720
89.
p.
the
For
J
,
.
Gas
claims
and
$4,613,916
343,852
$944,995
_y
Federal
v"
—
—
for
Int.
$265,088
31.
"
hand
facilities
banks and
in
Dec.
$1,382,067
89,642
...
'
,
3,81-6
30,57-9
year ago.
320,000
$479,478
299,970
--
—
Balance
'Cash
820,000
——,
—
...
(Dividends
$5,688,570
405.594
■Expenses, exclud, taxes
Taxes, exel. Fed. inc.;
$585,088
contingencies
and other
$4,539,998
73,918
<
equity (as above)—
Other
for post-war
$1,145,585
236,482
Federal
$1,299,478
Provision
$1,145,585
15,522
1,960,167
$6,599,883
158,
New
$5,688,570
$4,539,998
$944,995
$944,995
____
Lt. Co.—
&
Total
389,561
2,420,000
Pow.
Other
Crl75,000
_—
in
Co.
61,400
'
re-
—
—
for post-war
income
L.
75,363
484,345
1,056,349
$536,248
taxes and
and State
Total
-V.
1,242,479
$6,599,883
accruals——
Federal
negotiation
729.338
1,492
2,137
359
_
&
133.738
.
income
Total
interests
of
....
5,488,000
5,281,785
.
Capital stock (par $25)r
Capital surplus
Earned suirlus —>
mi¬
to
,
1
for
and
payable
Reserve
$9,823,275 $11,905,908
,
___—1—
Liabilities—
Provision
8,758,337
■
trademarks—
—-
Accounts
equity of Nat. P.
——•—-
Net
i
$2;474,632
1,315,9711,326,910
public
to
applic.
nority
002?484
8,204,000
.2,036,717
$2,261,325
divb,
Portion
$21,838,6.8 $16,002,484
16,464,163 14,188,134
——r—
operations..
income
Other
•
,
•
and
•
2,131,464
investments .(less reserve).
charges
\
and
public
Balance
Pfd.
billed
to
_______
other deductions —l
■
National Enameling &
Sales
income
Gross
(est.)___
profits tax
officers and employees—
equipment—™—
Total.
National Airlines,
The
&
Goodwill
$4,501,170 $17,919,147 $20,604,825
10,179
1C8.128
59.420
$4,354,362
Operating income
excess
receivables &
estate
Deferred
18.346
20,631
4,022
5,752
plants (net)
-
•'
/im¬
of
lease
from
Rent
stores, one.
1942
$610,699
543,848
563,123
155,579
18,372
3,184
1,852,586
24,860
1
——
receivable from
Notes
/
1943
$830,971
2,607,359
(net)__
<net)
refund of
Post-war
1944
——
receivable
Inventories
Real
31
Dec.
'
.
securities-™
Govt,
States
Accounts
$4,497,148 $17,898,516 $20,586,479
$4,348,610
revenues..
.
bonds
Other
Misc.
Murphy Co.—June Sales Up 4.33%—
'
End. June 30—
1944—Month—1943
1944—6 Mos.—1943
$7,161,364 $6,864,449 839,018.820 $37,849,405
(C. G.)
Period
revenues
expenses
Sheet,
/
•
Cash
•
Operating
.Operating
Federal
1944—12 Mos.—1943
•
Balance
Consolidated
Subs.)—Earnings—
1944—3 Mos.—1943
Period End. April 30—
that $15,0P2 is.now available in the sinking
fund for the purchase on Aug. 9 of its class A shares.
Offers of
class A shares will be received up tp July ?4. at the Bankers Trust Co.,
16
Wall St., New York, N. Y., or at The Fixst National Bank of
Boston,
Purchase will be made at the lcwest oliering prices but not
to exceed $75 per share.—V. 159, p. 218.
-
Monday, July 17
FINANCIAL CHRONICLE
THE COMMERCIAL &
226
$8,920,95?
$5,152,326
income
230,348
>_
178,321
$5,382,674
income
Other
$9,099,273
136,730
"
Consolidated
<
Total
......
...I.:. 110,499,284 109,659,949
_
*
.'t
Liabilities—
Accounts
payable
3,386,657
____
Accrued
payrolls
Accrued
interest
Dividend
82,686
v
declared
Consumers'
Deferred
deposits
Reserve
for
Reserve
for
—14,390
depletion,
amort
and
stock
125,000
Premium
on
(3.810,183 shares, no par)..:
capital stock.
Capital
surplus
Earned
surplus
7,038,406
...
39,754,575
360,120
receivable
Total
Real
6.265
estate
Accounts
Registrar
par
and
value
Transfer
common
Co.
has
been
Real
for
The
wholly-owned subsidiary
announcement
Arrowhead
is
further
sizable
of National.
last
few
National
years.
The
stock
steady,
reliable
supply
Arrowhead
of
8,250,000
pari
no
stock
160,
Rubber
synthetic
-
$8,135,072;
1942,
Audited
$17,999,226.—
Co.
is
to
lubber
supplies
Sales
—V.
insure
$7,247,200
-
■".
Confectionery Co. (& Subs.)—Earnings—
> 1943
4942'
Year End. Dec. 31—
•Net
—__$387,817
309,470
profit
paid
'
Earnings
•After
per
share____
employment
bonuses,
$4.96
taxes,
etc.
1,415,197
1,465,740
—
^
$369,259
284,598
$4.82
/•
?
par)
($100
tax
i '
rents
•
24.693
40,300)
841,614:
—$115,671,036 $94,403,356:
Deferred
of
*
—
._.—
unpaid
at
—
8,963,1.3?
10,205,646
;
:
2,805,315
11,128.390
—
—
10,35?
13.232
14,727,451
1.830,515
:
credits
8,361,665
5,534.283
5,534,283
487,211
value of securities of subsidiary
dates
,_.
surplus
of
acquisition
I
over
cost
•
3,080
3,312,166
1,893,237
9,426,568
10,493,453
$115,671,036 $94,408,356
Total
160,: p.
payable
-accrued-
Appropriated surplus
Earned
(deficit)
-V.
:
payable—,
liabilities—
book
thereof
Unearned
wages
unpaid
liabilities
Unadjusted
$14,832,900 $14,832,900)
59,228,i it
59,690,101
107,585
1,045,154
1,434.37^
2,489,110
95,06^
139,511
1,143,935
141,726
4.340P,
4,340
—
liability—
current
Excess
and
accounts
matured
companies
flanges,
Dividends
5,581
61.040
—
^
matured
Dividends
Other
$7,306,575 $41,389,104 $39,105,526
;V'".
'
1,856,263
80,114
assets™
accounts
Accrued
*
/
1944—6 Mos.—1943
159, p. 2524.
New England
receivable.
dividends
stock
Interest
;
1944—Month—-1943
'596,783
1,300,973
1,981,417
±—
Long-term debt
Traffic and car service balances—Cr
966,407
$19,535,623 $17,267,222
Period End. June 30—
490
receivable
Liabilities—
966,407
1943,
l,422,°0t
793,700
2,565,917
from agents and conductors
—
Common
3,054,038
3,327,227
(Dr.i—
deducting depreciation:
p. 15, •
3,500,000
386,227
Total
(restricted by purch. of treasury
(J. J.) Newberry Co.—June Sales Off 0.8%—
which
constitute a vital element of some of their recently perfected oil seals.
Harry Franklin will continue as President, Director and General
Manager of Arrowhead.
Lloyd A. Johnson, President of National, will
become Chairman of Arrowhead's board of directors, and Frederick E.
Barth, manager of National's industrial division, will also serve on
this board.
Milton B. Bulkeley, National's Treasurer, will serve in a
similar capacity for the new subsidiary corporation.—V. 151, p. 3404,
a
shares,
13,622.000
debits
Unadjusted
'
—
assets
Deferred
Unmatured
added:
of
(6.60,000
and
and
■
1Q491
104.0
(U. S. treas. savings notes)
accounts
current
Other
2,000.000
8,250,000
h'.
$82,204,044 $80,138,053
11,095,640
4,679,781
—
receivable
bal.
Interest
126,728
2,000.000
$10)
-
receivable—;
bills
and
Material
,
concern
purchase
150,362
(par
Sheet, Dec. 81
,
..
„____•
Miscellaneous
355,666
285,777
i
stock
Balance
...
———
Miscellaneous
•After
v.
fully equipped for the manufacture
of synthetic rubber
parts.
National Motor Bearing, a large manu¬
facturer of oil seals, has more than quadrupled its capacity in the'
a
mortgages
Net
1,242,244
1,093,451
Total
company, located in Redwood City, Calif., has purchased the
Arrowhead Rubber Co. of Los Angeles, Calif., according to an announce¬
ment by Lloyd A. Johnson, President.
Through this transaction Arrow¬
a
*'
•
Special deposits
142,861
$966,407)
stock,
This
becomes
32,630
2,320,247
credit
self-insurance
Earned surplus
National Motor Bearing Co., Inc.—Acquisition—
of
preferred cumulative
Treasury
head
letters
liabilities
Common
;
agent
stock.—V. 160, p. 121.
/
mortgages
estate
Reserve
appointed transfer
1
Cash
$400,000
31,597
2,630,293
$3,000,000
payable
Commercial
"
National Linen Service Corp.—Transfer Agent—
The
1
176,703
42.335
banks
$6,146,031
$2,559,839 "
—
Consolidated General
AdEcf
Investments
$19,535,623 $17,267,022
payable,
2,816,512
2,792,489
income
Net
30,346
income—
*
Liabilities—
Notes "
—.____
—
Temo. cash invests.
5V2%
of the $1
1
165,318
___:
charges
Loans
27,517.105
2639.
p,
r
8,040,861
/
charges*
Fixed
313,598
39,416
;;;
i
income
Miscellaneous deductions from
6,6)3.596
41,608
7,581,681
assets—
Total
110,499,284 109,659,949
_____
159,
(net)__
Total
1942
$2,080,655
234,451
241,039
.Goodwill
Accrued
—V.
$1,857,048
hand
9,416,670
fixed
Deferred
V-
1943
on
securities, at cost, plus accrued int.
assets
•Total
360,120
6,265
26.830,328
—___
.
——
Other
30,101,855
125,000
6,958,510
39,754,575
30,749,551
;
deprec.
casualty liability
Minority interest in subsidiaries
Common
346,882
20,589
351,537
...
credits
Govt,
Inventories
952,546*
31
Dec.
'
banks and
in
Accounts
20,842
12,636
952.546
...
S.
U.
$605,031
2,816,030
74,601
$834,587
—.
taxes
Accrued
Assets—
Cash
.
Sheet,
Balance
15,
Volume 160
Number 4299
THE COMMERCIAL & FINANCIAL CHRONICLE
_
New Process Co.—50-Cent Common Dividend—
The
the
directors
no
-13/4%
declared
distribution of
A
stocks
•■dividends
follows:
as
$2.45.—V.
27,
of
the
50
usual
1,
per. share
In
Aug.
1943,
2
share
per
aJso
was
the
and
cents
stock
common
Nov.
1,
made
Liabilities—$7
50 cents each;-and
'$594,200;
"
.
$7
6 Mos. End. June 30—
Net
income
Federal
Net
of
1941
$2,883,780
$1,479,708
*952,000
2,372,800
959,463
$483,330
$446,947
$510,980
$520,245
\
stock
■
259,120
259,120
259,120
$1.86
$1.72
$1.97
share
per
applying estimated
$83,000 in 1943.—V.
159,
post-war
refund
1558.
p.
$108,600
V;
.
Awarded—
Company
mission
'
.
July
on
approval,
awarded,
11
stock
The
subject to Interstate Commerce Com¬
tificates of ) 944 to The Cleveland Trust
Co., cn its bid of 99.882 for
l7/s %
obligations, an interest cost basis to the company of approxi¬
mately 1.90%.
No re-offering is planned.
The
certificates
■equal
annual
Jan.
and
15
will
dated
be
instalments
starting
Tear
in
July
of
July
$210,000
Interest
1945.
be
payable
semi-annually
.
totaled
.Freight locomotives,
hopper cars, to cost
bidders
Other
approximately
Otis
were:
&
Co.
$2,684,203.
others, 100.368 for 2s;
and
York,
100
2s.—V.
for
160,
•
&
Queens Electric Light
Power
Co.—
48
Consolidated
Edison
of
Co.
New
York.,
:
above.—V.
159,
V.
St.,
West Monroe
Edison
of
Co.
New
York,
Inc.,
above.—-V.
sewer
159,
6 Months Ended May
Dividend
A
1944
1943
$173,485
$176,059
35,868
income
30,143
$137,619
;
$145,917
,
security profits and losses)
3
..securities, $7,177,679;
dividends
due from brokers
receivable,
$46,472;
tributor for special stock sold, not
ferred
items,
$658;
applicable to
Liabilities—Liabilities
(securities
purchased,
'redeemed,
(securities
receivable
delivered,
sold, not delivered),
from wholesale dis¬
prepaid
$1,107;
stock;
common
cash
and
not
applicable
to
not received),
$30,736;
received,
special
$66,872;
accounts
stock;
to
due
payable
On
quotations over cost thereof,
ex¬
all
>
Y.,
$83,736;
common
July 1,
in
stock ($1 par), $1,000;
and
Harris
Trust
&
appointed
The custody
transfer
agent
of
agreement with
of
New
the
new
a
the
York.
special
Commercial Trust
That
stock
bank
of
the
has
may
corporation.—
electric
its
holdings
effected
Co.—Earnings—
,/Cery
1944—5 Mos.—1943"
1944—Month—1943
rev.
22,411,809
16,418
revenues..
22,395,391
20,874,327
oper.
ber,
110,354,156 103.400,429
12,820,496
66,504,232
64,064,770
13,575,396
expenses
taxes
6,134,072
5,311,229
30,482,236
the
in
water
during
elimination
business.
retained
were
2,685,923
...
v-Executive
2,742,602
13,367,688
Water
water
the
The
of
com¬
in
year
water
service
11,079,733
10,596,303
Co.
and
The
created
and
York
Latrobe
under
the
Water
Co.
of
the
laws
of
the
Hudson
Niagara
System
were
being
a
the operations of
month
August,
Chi¬
four
trips
operates
used
passengers
one
was
He
operations.
flight between
NWA
record
on
planes
higher
than
hauled
1941, when NWA
however,
that
explained,
revenue
month were higher, than August,
1941, and
"long haul" passengers.' The company averaged
last month.—V. 159, p. 2640.
Co.—Earnings—
1944—Month—1943
;
1944—5 Mos.—1943.
$450,399
$501,904
$88,632
53,651
283,830
264,360
21,734-
139,031
105.513
of 35
cents per share has been
declared
on
the
of
acquired
acquired
and
and
Included
Jersey
October,
and
all
in
and
of
the
one
by cash pur¬
eight in New
liabilities
their
assets
leaseholds
shares
Delaware.
The
—
-*
——
—.
—
taxes
55,513
Income
of
$6
preferred
formerly
who
stock
Tide
have
Water
•
—
—
—
8,865
realized from filing consol. Fed. inc.
V tax returns with the parent company
income
i—
(net)
income
deductions
J
retirement
charged
to
and
of
excess
1
fixed
clearing
capital
(exclusive
of
accounts)
—
•"
-
income
—
dividends.
,
—
$389,899
202,726
$169,421
$187,172
41,601
87,824
Consolidated Balance Sheet, Dec. 31, 1943
Assets—Plant,, property, rights,
franchises, etc., $13,357,833;
profits taxes
*$2,965
.
1943
accrued taxes, $6,890; accrued
liabilities, $4,329; capital stock
$2,277,898; total, $1,074,467.—V.
144,
Income
tax, $11,769;
$3,307,575;
deficit,
other
77:V.J7.:/;7^
next
few
.
"7-v.I
,
Y
is planning
Refinancing—
$71,457,400 refinancing
a
months,
program,
issue
Mr,
3%%
of
Sammis
said
Commonwealth
series
a
bonds
of
$10,000,000
Southern
&
will
not
disturbed.
be
bank loan,
realignment undet the Public Utility Hold¬
121.7
160, p.
Ottawa Electric Ry.
Year Ended
Operating
become
Co.—Earnings—7
Dec. 31—
1943
1942
$3,253,312
$2,627,050
.1,910,767
1,432,816
298,383
314,877
income
Gross
expenses
Provision
for
depreciation
Provision for income and
Return
on
capital
Bond
financial
profits taxes—
excess
Provision
for
872,500
-
:
80,850
3,427
!
expenses—
amortization
$254,357
3,196
:■
625,000
$171,662
75,600
investment
interest
Other
of
refinancing exps.
7,650
7,599
$85,216
$162,479
Co.
Balance
Other
—
income
Net
7,198
7,929
$92,415
$170,408
70,394
^
Federal
70,394
accounts
receivable,
-
"
;
—
Balance
•
Assets—Cash
$42,743;
■
on
hand
;
59,116
Sheet, Dec. 31, 1943
and
investments
account
in
bank,
(at cost),
receivable,
equipment, $7,204,914;
charges,
deferred
Liabilities—Accounts
$906,787;
$275,000;
$225,225;
payable and
working
land,
$85,900;
accrued
capital,
buildings,
total,
liabilities,
$246,-
road
and
$8,987,017.
$140,216;
pro¬
vision for dominion taxes less instalments paid,
payable,
$143,735
dividend
$36,400;
for
depreciation
payable,
$17,599;
$327,028-; bond interest
funded debt, $1,680,000;
buildings, road and equipment, $4,227,725;
.reserves for unredeemed tickets, $118,000; refundable portion of excess
profits tax, $225,225; capital stock (35,197 shares no par), $1,377,899;
reserve
53,583
_
total
deferred
•449;
2,054
,
__
______
profit
Dividends
47,558
$197,318
earned
on
total, $8,987,017.—V.
surplus, $836,925;
156, p.
1956.
70,700
income
Oxford Paper Co.
$126,618
(& Subs.)—Earnings—
1943
1942
$2,931,348
139,671
$2,499,350
94,164
$3,071,019
$2,593,514
Years Ended Dec. 31—
Income for Calendar Years
1943
•Other
retirement
income
153,244
fixed
147,977
221,230
capital
190,669
_
profits
other
taxes
of
taxes
excess
taxes.
than
Federal
12,082
income
Income deductions
•
■s
162,670
.7 $1,461,533
Consolidated
-
Balance
- -
'
Assets—Fixed
capital, $18,669,462;
31,
$5,118,063; post-war
excess
profits tax credit, $2,801; special funds, $35,085; de¬
posits for dividends, etc., $6,678; cash, $1,218,318; interest special de¬
posits, $37,494; other special deposits, $26,342; U. S. Government securi¬
ties, $314,800; notes receivable, $5,000; accounts receivable (less reserve
$263,321; interest and dividends
receivable, $21,537; unbilled charges, $23,236; accrued utility revenue,
•estimated, $129,240; materials and supplies, including construction ma¬
terials, at average cost of less, less $3,927.11 reserve, $161,063; pre¬
$10,729;
other
current
$277,841; total, $26,325,311.
s
assets,
$4,300;
deferred
debits,
'
"
7-.
' '
'
-.
-
•»:.
.
_
/
; * -/
_7- 7
'-7.
75,000
$5
$838,938
preference
532,529
stock
Balance
Sheet,
Dec.
31,
$777,336
507,170
1943
deferred charges to future
oper¬
Liabilities—Accounts payable, $991,617;
note payable to bank, $500,payable within one year, $124,500; interest
$17,310; Federal taxes on income 1943,
$1,255,100; reserves for other Federal and State taxes, $181,340; bonds
and notes of subsidiary
companies, $2,121,000; reserve for post-war
adjustments, $225,000; $5 preferred stock (101,434 Shares, no par),
$10,143,400; $6 preferred stock (351 shares, no par), $35,100; common
stock
(380,735 shares, no par), $5,711,025; capital surplus, $781,156;
other surplus, $6,360,509; total, $28,447,057.—V. 159, p. 1768.
00C;
1943
Federal
"for uncollectible accounts of $32,302),
103,132
525,000
327,186
:
on
860,860
76,461
1,255,100
income
of $14,026,447), $15,347,915;
ations, $132,613; total, $28,447,057.
serial
accrued
investments.
paid
ciation
\
-
Sheet, Dec.
earnings-
on
subsidiaries—.
adjustments
Consolidated
$607,175
172,235
172,235
and, $5,906 in 1942.
post-war
taxes
of
Assets—Cash, $4,549,898; U. S. Treasury notes tax, series C, at cost,
$250,500; U. S. Govt, securities at cost, $450,000; accounts receivable,
$1,952,769; inventories, $2,900,454; investments and receivables (less
reserves), $2,862,908; plants and properties (less reserves for depre¬
deducting debt retirement credit and for post-war refund of
1943
for
Net
825,520
notes
Federal
Dividends
192,501
-
and
for
198,864
dividends
"After
•
$799,676
i.
*
Net income
Common
1,260,203
....
-
-
bonds
Reserved
$600,812
$1,624,203
_
i
—;
on
Provision
16,345
$364,000
T.
(net)
income
Interest
213,755
s
depreciation-..
before
Depreciation
53,156
175,965
*
operations,
Income
Total
293,544
-
22,686
—_
deductions
Operating income
Other income.
;
1,087,703
103,940
Other
$2,639,790
814,596
from
Gain
1942
$1,831,914
7
for
payments,
Invest¬
$44,095
"7 7'.- 77v 7 7.':7iy7:7
Sheet as at Dec. 31,
$'42,895; accounts receivable, $45,127; Fixed assets
for depreciation and
depletion of $262,501), .$945,127;
$41,318; total, $1,074,467.
i.
ing Company Act.—V.
author¬
;
deductions
Provision
13,207
$363,967
25,931
29,881
24,649
11,769
.
unused corporated funds,
an
$8,000,000 preferred issue and a $31,000,000 bond issue will furnish
funds to handle the refinancing, which will be effected as part of the
45,449
.i
income
V
$342,476
28,905
tax
—
7-7'
228,089
income
■$2,684 in
$371,381
201,960
—
——
income
Balance
267,967"
26,953
35,333
'.
—
7 '• :,'"7>
reserve
An
'
Net earnings
Federal
the
•
24,862
for
Maintenance
48,500
32,822
depletion
for
316,746-.
—
depreciation
-
,
1942 •
$319,533
$550,863
Operating revenues
Operation, administrative & general expenses..
•
$350,760
Savings
'L
costs.—
income
^
1943
$434,897
...
being
Power
expenses
.
9,818
$309,654
of Utah—Earnings—I
program within
according to Walter H. Sammis, President.
it is understood, involves calling $20,011,400 worth of
preferred stock, including $136,700 6f $5 and $19,874,700 of $6 pre¬
ferred, $43,962,000 of 4% first mortgage bond3, due Nov. 1, 1965, and
•$8,484,000 of 4% first mortgage bonds, due Sept. 1,^1965.
v
. . ,
exchanged for 5,000 shares of prior pre¬
shares of class B preferred stock of The
'
;
Balance
Co.
'
53,362
57,056
Prov. for est. Federal income taxes
50,854
:
for
The
were
Statement of Consolidated
39,755
49,941
50,889
r
income
Gross
•
Copper
for
so
of
stockholders
261,534
6,425
—-————
_
State income
7,328
;
income
The-company
acquired were
company, operating
The operations of
sewer
Pennsylvania.
approximately 30,000
shares
and
taxes
Gross
t
General taxes
4,533
Ohio Edison Co.—Plans
confined to the rendering of water and
deemed appropriate as a part of the merger
name of the company should be changed to North-
taxes other than
Income
261,771
$80,163
-
Operating
Other
94,570
prov. for depreciation and depletion
Non-productive well drilling exp. and abandoned
$78,424
2524.
p.
$1),
p. 1610.
Shore
Public Service Co.
called
for redemption
on
its $6 series and $6;50 series preferred stock, of which
and 606 shares, respectively.
Also in Decem¬
stock
"Federal"
98,037
—
$13,133
Liabilities—Accounts payable, $21,802;
being
by the company
Other
v
1942
$2,263,085
1,404,786
—
159.
(par
>
par
Maintenance
$9,949
income
Federal
was
of
11,000
common
1943
$2,321,271
1,482,873
income.
oper.
Co.
law
1943;
Income
City at 15 Broad Street.—V. 159, p. 2307.
"x Calendar Years—
Operating revenues
Operations
t
airline
in
now
58,955
the water sys¬
were
September
companies
New
it
the
Federal income
on
J North Penn Gas Co. (& Subs.)—Earnings—
Preferred
only
that
and
32,110
'
political subdivisions
subsidiary service company
Eastern
Federal
i. Net
increase
Assets—Cash,
payment
amounts
value, payable July 15 to holders of record July 10.
his compares with 30 cents paid on April 15,
last, and 40 cents on
Jan. 16,
1944.
In 1943, the following distributions were made;
Jan.
15, 40 cents; April 15, 25 cents; and July 15 and Oct. 15, 40 cents
each.—V. 160, p. 16.
Total
In
563
(less
sub-
considered
Operating revenues ,
;
Operating, administrative and general
,
system's operations the management believes that these opera¬
be conducted with greater effectiveness from that city.
>
Interest
week.
$449,836
.
for their shares and the amount to be paid
subject to determination by the Delaware Court of Chanproceedings pending before that court.
;
the
Net
*a
last
the
Croil
619
Net
facilities
•Maintenance
,
headquarters
dividend
Other
t
passed
company,
$501,285
com¬
new
a
North Boston Lighting Properties—35-Cent Dividend—
;
"
•
.
114
77. * Loss, 7
can
no
June
announced
Tidebel Co.
statutory and stock transfer office will continue to be maintained
stock,
!
$88,518
<
subsidiary
by the creation of
companies
of
company.
water
holders
to
1,
ferred
13,319,213
2,067,596
July 10 transferred to Syracuse, N. Y., from New York, N. Y., where
the system's main offices had been located since June,
1929.
Earle
J. Machold, President of Niagara Hudson Power Corp., parent company,
stated that because Syracuse is the approximate geographical center
A
an
$101,138
oper.
other assets,
authorities,
months
of
that
jProvision
•
daily
Provision
26,016,444
2,130,897
operating Income
income
New
'
last
more
Provision
.the company owned 8,291
Niagara Hudson Power Corp.—Moves Offices—
<in
during
transcontinental
he said,
revenue
is
and
revenues
Production
are
in
The
20,922,593 110,497,409 103,624,382
48,266
223,953
143,253
—V. 159, p. 2419.
the
15,000
Provision
Consolidated Income Statement for Three Months Ended March 31, 1944
A
to
another
There
for
were
Ohio
159, p. 878).—
Water, Light & Power Co., and
such transactions
of
companies
Corporation
owned
tions
7
:
124
—V.
ized $4 preferred stock of Northeastern Water & Electric
Corp. claimed
to have objected to the
merger and to have demanded valuation of
and payment for their
shares, pursuant to Section 61 of the General
Dec.
Operating
the
Water
entitled
Period End. May 31—
of
-
■
$101,014
Co".,
Bank,
•
Operating revenues
Uncollectible
Caribou
in Pennsylvania,
States
therefor
Net
pre¬
rev.
Net
1974,
follows:
Pennsylvania
assets
by
Certain
Co.
been
also
increasing
transactions
Hableton
of
the
services,
eastern
custody agreement has
121.
p.
New York Telephone
Net
due
-was
passengers.
miles
the
Airlines
Manager,
Northwest,
said.
passengers
•7 Net
Trust
Savings
(For offering see V.
completed
in-the
additional
program
into with Bank
entered
Operating
$4
Operating revenues—
Operating expenses
Operating taxes
30,
subsidiary
•
1944, the corporation moved its offices to 48 Wall Street,
Y.
Co.
subsidiary
their
of
sewer
Jerspy has been terminated and
the
program
part
one
Nov.
assumed
.
York, N.
of
securities of
of
during
seven
Moves Offices—•
<Operating
he
Uncollectivle
1943, the merger of Delaware Valley Utilities Co. and
Union Water Service Co,, with and into the
company, as the con¬
tinuing corporation, was consummated.'
The existence of Delaware
Valley Utilities Co. and Union Water Service Co.-thereupon terminated,
Total, $7,464,601.
::
">::.
.
brokers
accrued
and
of
municipal
a
new
Jersey and
•
for special stock
payable
to
As
chases
de¬
and
160,
General
has added
Pacific
revenue
.Operating
(Minn.)—Definitive Bonds
40-year contracts to manage
Nine
demand
on
and
company
securities
sold
thereof.
•
taxes, $19,808; special stock ($1 par), $1,068,063; paid-in
$9,592,618; income surplus, $16,045; security profits surplus,
Dr$3,414,278; excess of value of investments based on closing market
V.
'
,
monthly record-for the
new
Ohio Associated Telephone
Caribou Water Works Corp.
secured
surplus,
been
long-
accounts
authorized
tems, for the authorities,
deposit, $1,000; total, $7,464,601.
New
*
Northwest
Period End. May 31-—
Water Co.—Annual Report—
Electric
engaged
were
demand deposit, $230,152;
on
all
Commonwealth
Balance Sheet, May 31, 1944
Assets—Applicable to special stock: cash
On
and
Mr. Hunter said,
Gross
such
Caribou
the
sidiary,
All
(excl. of
Net inc.
of
of
•
•
N.
St., Chicago, 111.
resume
panies
Note—No Federal income tax has been accrued for the above periods.
of
York,
services,
of
Brookville
31—
Expenses
New
$6,678;
$96,900;
year,
Year Ended Dec. 31—
utility
The sale
New York Stocks, Inc.—Earnings-
penses
month,
that
During 1943 progress was made by the company in its program of
disposing of subsidiaries not engaged in the rendering of water and
panies.
$7,534;
(unclaimed),
one
formerly
the company established a record when passenger
the $400,000 mark and the sharp increase last month,
explained,
the
passenger
.500
160, p. 16.
furtherance
.
New
"Northeastern
1767.
p.
etc:
'
1767.
p.
Approximately
16,598
corre¬
v.-
"
that,
■;
temporary first mortgage bonds, series due Feb. 1,
exchanged for definitive bonds at the Schroder
Wail
115
Inc.,
,
Consolidated
See
r
a
and
last
1767
Proposed—
/:'■
last year,
company
daily.
•
1944,
compared
$5,-
year
Hunter
cago
(Del.)—Weekly Output—
for the week ended July 8,
with 36,296 kwh. for the
decrease of .1.9%., .A
company
as
be
now
'"'•New York Steam Corp.—Merger With Parent Concern
}
this
Northern States Power Co.
121.
p.
Merger With Parent Concern Proposed—
p.
-
week
4p. 36.
The
York
New
See
of
35,616,000 kwh.,
this
Mr.
with the
States Power Co.
shares),
par
&
'
New
connection
159,
passed
The
Electric output of the Northern States Power Co. for the week ended
July 1, 1944, totaled 40,800,000 kwh., as compared with 39,004,000 kwh.
for the
corresponding week last year, an increase of 4.6%.—V. 160,
Halsey,
Inc., 100.368 for 2s; Salomon Bros. & Hutzler and others,
l7/«s; Harris. Hall & Co., Inc., and others, 99.5134 for 17/bs;
Co. & associates, 99.762 for 2s, and Irving Trust Co. of
for
Freeman
in
output
sponding
Stuart & Co..
*99.517
an
dividends,
or
maturing within
liability to holders of
President
of
revenue
issued
Northern
finance in part the purchase of 15 type 2-8-4
with 22,000-gallon tenders, and 25 70-ton covered
Hunter,
in exchange, for the currently outstanding stocks.
placed at $659,769 the amount of compensation to be paid to
bid
Electric
on
15.
The new issue will
;
be
$6,164,750;
matured
$63,880;
Passenger revenue for
$500,000 mark and set a
May
exchange and for purchase of any
5% preferred stock not taken in exchange.
^No other bids were received at the
competitive sale, July 10.—V. 160,
p, 121.
15, 1944, and will mature in 10
each, payable July 15 of each
will
to
underwriters
issue of $2,100,000 of serial equipment trust cer¬
an
The underwriting group named
.
.
no
Northwest Airlines, Inc.—Passenger Revenue Up—
7%,-6%
and 5J/2% preferred stocks.
offering price of 101 for the new
debt,
debt
$26,325,301 —V.
Ripley & Co. and associates in connection
underwriting the company's exchange offer of new 5% preferred
.with
(54,582
$106,885; other current-and accrued liabilities, $93,329;-deferred credits,
$217,036; reserves, $4,267,271; contributions in aid of construction,
$346,357; capital surplus, $4,022,464; earned surplus, $275,929; total,
;
istock to holders of the outstanding
stock
stock, $3,022,800; dividends declared,
$1,121; matured interest,
$610," customers' deposits, $20,596; Federal income and excess profits
taxes accrued, $535,022; other accrued
taxes, $97,306; interest accrued,
$1,316,000;
.
,
preferred
ferred
shares),
par
par),
The company on July 10 rejected
proposals made by Stone & Webster
and Blodget, Inc., Harriman
and
New York Chicago & St. Louis RR.- -Equipment Issue
V
no
(no
Northern Indiana Public Service Co.—Bid Rejected—
■
$2.01
1944
in
1388,
p.
•
i
of
(5,942
shares
taxes,. $81,709; miscellaneous (including $20,652 to non-affiliated comIpany), $44,931; reserves, $6,765,781; contributions in aid of construc-tion, $19,469; earned surplus, $899,686; total, $15,180,727.—V. 154,
259,120
.
preferred
(13,160
debt, $31,323; customers' security deposits and accrued interest thereon,
•$13,878;
accrued general taxes,
$49,047;
Federal and State income
.
$1,398,947
■£\ (no par)
"After
1942
exc.
capital
Earnings
1943
*1,174,000
&
taxes
income
Shares
$113,804;
$1,657,330
income
profits
?
1944
prior
preferred
long-term
term
(100,000 shares no par), $1,823,500; long-term debt, $3,accounts payable (including $1,800 to associate companies),
dividends payable, $10,399; accrued interest on long-term
417,000;
Co.—Earnings-
cumulative
cumulative
prior
$2 preferred stock (21,869 no par
shares), $1,033,470; com¬
stock ($1 par), $343,372;
minority Interest in subsidiaries, $91,314;
payable,
stock
common
New York Air Brake
Liabilities—$4
mon
...
.
227
458,220;
materials and supplies—priced at approximate
cost, $129,545; prepaid
..lease and well rentals ($25,647), etc., $38,710;..deferred charges, $182,956; total, $15,180,727.
"
;
the
on
received
1695.
p.
on
quarterly dividend of
1 to holders of record
both payable Aug.
50 cents
May
159,
and
last.
1,
May
on
dividend
a
stock
common
the preferred stock,
on
July 20.
common
Dec.
have
value
par
ments, $280,376; cash, $775,145; U. S. Government securities, $105,000;
accounts and notes receivable (less reserve of
$28,548), $260,657; gas
held in storage (including $20,652 for non-affiliated
company), $50,505;
,'■'.■■
■
'•
:
on
note,
bonds
amount
and
notes,
Pacific Telephone & Telegraph Co.—New Director—
William
W. Crocker. President of the First National Bank of San
Francisco, has been elected a director.—V. 160, p. 121.
1944—Month—1943
$628,883
$569,551
285,344
240,954
Operating
revenues
Operating expenses
Other
taxes
79,297
51,262
Prop.
ret.
58,333
783,614
597,713
54,494
47,169
58,333
Federal taxes
Amort,
res, approp.
limited-term
of
investments
Net
19,815
income
Net
$174,882
_■
charges
131,665
-
'$43,217
_
•Deficit.—V. 159. p. 2525.
$2,377,273
1,360,501
;
flights
Washington and Norfolk, a new daily non-stop flight
between Detroit and Pittsburgh, continuing from Pitts¬
between
minutes
in service between
The PCA schedule,
Mr. ODonovan pointed out, has been materially expanded in recent
weeks, with more daily flights having been added to virtually every
city along the company's system.—V. 159, p. 2236.
Toledo (Ohio)
at the specific
Period End. May
Operating
increased its contract $1,350,000 with Packard for additional
at the Toledo plant, bringing the total to $8,750,000.
"The
Toledo plant
will also continue to operate as a separate
manufacturing source of vital parts for Rolls-Royce aircraft engines,"
said
Mr. Christopher.
"In its approximate year's operation, output
revenues
Operating expenses
facilities
Federal
touched
vacated
from
Aside
the
1943,
He was replaced
made
was
declared on the common
27 to holders of record July 17.
A similar pay¬
April 22, last.
In 1943, the following dividends
on
final
A
also have a
a
plan, amended five times, for reor¬
signed July 10 by Judge William H.
District Court at Philadelphia.—V. 159,
the company
the U. S.
of
was
ot
2525.
p.
2088.
Offer for Stock—
the New York Curb Exchange that it has
Paramount Motors Corp.—Makes
has notified
purchase from stockholders, upon
company
to
p.
tenders until Aug. 1, up
outstanding capital stock at $10 a
share.—V. 156,
2309.
date
May
of
5,
of
holders
1944,
participating
is
determined
and
State
Portland
issued,
stockholders until
made to
and
income
Governments.
the
tax
clearance
the
However,
received
trustees
made
Gas
providence
Placed
Co.—Bonds
:im¬
•
Privately—The
To Redeem
The
Mutual
Life Insurance Co. secured by a first trust deed on the
the present unpaid principal balance of which is $43,000,
plus a 2%
prepayment charge thereon, and the costs and expenses
incidental to the sale, together with Federal and State income taxes,
if any, and also a sufficient amount to take care of the winding up
outstanding Series B bonds.
to
predict
the
exact
that it will
announces
company
next,
15,
redeem on Aug.
all
Providence, R. I., Central Hanover Bank & Trust
Co., New York, N. Y., or First National Bank of Boston, Mass.
Holders
of the series B bonds may present such bonds at any time prior to
date set for redemption and receive the full redemption price, together
Hospital Trust Co.,
to Aug.
interest
with
15,
1944 —V.
159, p.
1044.
*
Public Service Co. of Indiana, Inc.—Earnings—
Period End. May
Maintenance
of participating certificates if this proposed sale Is consum¬
however, it is estimated that, other things being equal, the
ultimate distribution will probably exceed $57 per share.
"The balance sheet of the company as at April 30, 1944, reflects the
following value for land, building, furniture, fixtures and equipment,
based on an appraisal by General Appraisal Company as at date
acquisition Jan. 2, 1937, and subsequent additions at cost:
etc.,
____
$112,000
Building, $515,102; furniture, fixtures and equipment, $134,269; total, $649,371
(less reserve for depreciation of
$218,669)
,■
"The
and
do
foregoing
not
today,"—V.
figures
neceSsari'v
159, p.
at April 30, 1944
are
based
indicate
940.
the
on
an
appraisal
market
value
of
made
the
in
,
raised
of the legal and economic factors
to
in previous communications to
final judgment in the District Court
However, it is the judgment
directors that the interests of stockholders of Pullman, Inc.
be served by not taking an appeal.
of
view
might
the
your
should
be
demand
freedom
the
accede
District Court refused to
the
Department of Justice that Pullman. Inc. be
and the exercise of its business judgment in
the
of
course.
here that
recalled
the
effecting
be the logical
to
denied
expressed
opinion
appeal from the
an
appear
will best
It
have
boards of directors of all of these companies
appeal the case to the U. S. Supreme Court.
the
not
stockholders,
of choice
ordered by the decree, of the two
the Pullman group of companies.
separation,
major
This
to elect
sleeping
car
business, and in its decree directed that Pullman, Inc. should
have 90 days after the effective date of the decree in which to file
conducted by
business
lecognized
the
with
Court
that
election
its
submit at the
also to
the
will
to
as
time
same
the
a
business
be disposed
to
of and
plan to effectuate such separation.
readily
businesses
going
conducted
now
subsidiaries
the
by
of
this
appeal
were taken the freedom of choice permitted by the decree would be put
in grave jeopardy because the Supreme Court might prefer to adopt
the view of the dissenting Judge in the District Court who was of
opinion that no such freedom of choice should be permitted.
To safe¬
guard this essential freedom your directors believe that the decision
not to appeal is for this reason in the best interests of the corpora¬
tion, its stockholders and its employees.
Moreover the taking of an
appeal would necessarily have prolonged a period of legal uncertainty
and would have left the railroad users of sleeping-car service and the
railroad buyers who have been accustomed to look to Pullman-Standard
for supplies of
both freight and passenger equipment, hampered in
their dealings with the Pullman group of companies, both in the im¬
mediate future and in the long range planning of the railroads for the
improved railway services which they intend to give to America. ? "
board
Your
all
of
directors
other
conscious
are
parties at
obliged to recognize that if an
interest in
that
uncertainties which
the
this forced disintegration of
also of real concern to thousands of
Although it is unthinkable that employees of long training
Pullman
the
directors were
of
board
Your
confront
employees.
organization
are
specialized experience will not find continuation of their employ¬
under any plan of separation, we feel that prolonged delay, as
of appeal litigation, in clearing their future employment
the
result
might prove to be
deterrent to all-out effort in the important
are now engaged.
a
which they
activities in
wartime
these
For
of
others
of
connection
in
importance
with
of the Pullman group of companies, your board
the decision not to appeal this case is in
interest of the companies, their stockholders and employees.
directors
the
and
reasons
for the future
plans
best
this
will
appreciate
worked
is
the
inadvisability
of
attempting
our
make specific statements about a separation plan
time to
plan
that
believe
Stockholders
out
submitted' to
and
the
District
Court.
until
The
Pullman,
Inc. has 90 days from that date to file its election and submit to the
court for hearings and approval a plan to effectuate such separation.
With such approval,
your company will then have a further period
of one year in which to put the plan into effect.—V. 159, pp. 2013,
effective
date
of
the
District
2455.
is July
Court decree
7,
1944.
•
,
Debentures Oversubscribed—An
underwriting syndicate headed by Harriman, Ripley &
Quaker Oats Co.
1937
property
Securities
Mellon
&
Glore,
Beane;
—
Corp.; Merrill Lynch, Pierce, Fenner
Forgan & Co.; William Blair & Co.;
Estabrook & Co.; Stein Bros. & Boyce; Whiting,
Stubbs; Farwell, Chapman & Co., and Kebbon,
McCormick & Co.'
July 1, 1S44; due July 1, 1964.
Principal and semi-annual
and July 1) interest payable at office of First National Bank
Dated
(Jan.
of
1
at the
Chicago, or,
National
Bank
of
New
option of holders,
York.
r
at principal office of Chase
Redeemable
as
a
whole or
in
part,
at
than 30 days' prior notice, at 102%. to and
including June 30, 19-19, 101!/2% thereafter to and including June 30,
1954, 101% thereafter to and including June 30, 1959, lOOVsfe there¬
after to and including June 30,
1963, and thereafter at 100%, plus
accrued interest in each case.
Also redeemable in part through the
time
any
on
less
not
operation of the sinking fund on July 1, 1955, or on any July 1
after at 100% plus accrued interest.
453,146
1,154,258
Prov.
for
-
1,411,776
1,149,652
2,716,916
2,708,535
there¬
taxes:
mis-
excess
in
•Chgs.
eral
lieu
of
Excess
tax
$2,463,747
$5,523,163
$5,968,737
103,500
$2,172,425
36,083
35,558
85,234
68,164
$2,208,508
(net)
$2,499,305
$5,608,397
$6,036,901
*.
income
other deductions
&
2,711,885
•.MM*.*,.'
.
•
Net
income
1,042,326
1,315,964
2,742,336
corporation of the same name. Dominant figures in the formation of
the West Virginia company, and of its predecessor, Consolidated Oat¬
meal
Co., included Ferdinand Schumacher, Henry P. Crowell, James
H. Andrews, George B. Douglas, and Robert Stuart, whose mills had
and
the
•The
$2,866,061
$2,876,960
___
553,885
•
740,804
1,107,769
in lieu of Federal income and excess profits taxes
amounts equivalent to additional taxes which would have
if the company did not have the benefit for Federal
charges
represent
been
dividends
dividends
Common
payable
operating in Akron, Ohio (Schumacher), Ravenna, Ohio (Crowell
and Cedar Rapids, Iowa (Stuart and Douglas), since
Andrews),
1850's,
1860's and
1870's, respectively.
Originally these mills were "Oatmeal mills," but, even prior to the
of the American Cereal Co., .operations had been extended
formation
foods
though related, fields, including the
made from various cereal
Company
3,159,942
$1,183,341
was incorporated in New Jersey
Company's immediate predecessor, American Cereal
1891, to the business of a West Virginia
Business—Company
(Ohio) had succeeded, in
to other,
$1,166,182
370,435
and
Sept. 21, 1901.
been
profits
income
Gross
1,317,903
1,372,305
Fed¬
surtax
and
operating income
Other
2,048,612
2,520,551
taxes:
Normal
Net
2,217,228
1,783,881
2,718,245
964.040
-
458,574
tax
profits
607,705
1,339,385
989,715
normal & surtax
Stock Exchange.
Company
Co.
Federal-
cellaneous
Listing—Application will be made to list the debentures on the New
York
on
local and
State,
..
of
$542,702
*___
548,954
1,171,174
depreciation
Preferred
as
$12,743,262 $11,623,178 $29,277,145 $26,809,069
11,588,031
10,745,843
4,882,870
4,620,899
1
for
Int.
430,702
Book value of property
___
Prov.
Fed.
mated;
1944—12 Mos.—1943
1944—5 Mos.—1943
31—
revenues
Operation
Fed.
—_____
July 8 states:
consideration
.
Operating
holders
of
Not To Appeal Government's
Crawford, President, in a letter
Sons;
102 y2
to pay other corporate obligations.
Land
.
Weeks &
$3,250,000 Outstanding Series B Bonds—
outstanding $3,250,000 first mortgage bonds, series B, due 1963,
and interest.
Payment will be made at the Rhode Island
the
determinable, it is impossible at this
amount which will be distributable to the
As the latter amounts are not now
time
550,000
.
Harris, Hall & Co. (Inc.); Hornblower & Weeks; The
Wisconsin Co.; Bacon, Whipple & Co.; Alex. Brown &
.
used to refund
property,
dissolution of the company and
653,125
"
.
Aetna Life Insurance Co., National Life Insurance Co.,
and Life Insurance Co. of Virginia. - Proceeds will be
"There are presently issued and outstanding 8,254 Va shares of the
capital stock of Park-Wilshire Co., all of which have been deposited
voting trust agreement and in respect of which participating
certificates have been issued.
In addition to the proposed purchase
price of $500,000 the company will realize certain sums from the
liquidation of its other assets.
However, from the total of these
amounts will have to be deducted the amount of the loan held by
and
3,351,365
$4,167,746
Co., Inc., on July 10 offered $10,000,000 20-year 2%%
debentures at 99% and interest. The issue has been
oversubscribed* Other members of the syndicate included
under the
Penn
2,431,158
$5,425,393
July 6 sold privately to four insurance com¬
panies $3,300,000 series C 3% 30-year first mortgage
bonds.
The selling price was 102 and accrued interest
from June 1.
The insurance companies which bought
the bonds are:
New England Mutual Life Insurance Co.,
.
.
petition by trustees for the com¬
a
..
at
part as follows:
of
company on
available
- v-
denial
i;:-:
of
V".
urging
asked the court to determine the value of the company's
l.
The Commission last week denied as unfair
four reorganization plans submitted by the trustees,
by prior preference stockholders, by bondholders, and by the Guaranty
Trust Co., New York, indenture trustee.—V. 160, p. 125. ■
V:
■
,
in the United States District Court in Oregon
10
inequitable
and
Participating certificates should be forwarded to the Title Insurance
& Trust Co., 433 South Spring Street, Los Angeles, Calif., in order to
obtain the liquidating distribution.
i
v
';V'' ■".; •y:
The voting trustees-in their earlier letter dated May 5 stated in
received.
decided
such
properties as of July
of
is
272,728
by the decree entered on May 8 in U. S. District Court at Philadelphia,
in
the
Government's
anti-trust suit against the Pullman group of
Electric Power Co.—SEC Protests to
which
pany
of the company
from the Federal
have
$7,519,111
$405,823
to stockholders dated
careful
80,683
.
$357,504
.
"Loss.—V.
After
$7,438,428
193,562
u
preference dividends paid
159, p. 2526.
Prior
at
memorandum
a
portion of the assets of
clearance
Balance
status
(Ore.)
The SEC filed July
participating certificates, without delay, a substantial
the company which have been converted into
cash
through the
consummation of the
sale,
and have therefore
deposited the sum of $412,708.33 with the Title Insurance & Trust
Co., the depositary and agent of the voting trustees, for distribution
to the holders fit participating certificates.
Said funds, equal to $50
per
share, became available for distribution on July 8, 1944.
This
represents the first payment or liquidating distribution, and another
payment or payments will be forthcoming after final income tax
holders
to
$7,856,551
amortization
&
Interest
and
Pa.—New Offi¬
Court—
tax liability
income
159, p. 2677.
Porter-Blairsville Co., Blairsville, Pa., a
division, as Vice President in charge of production.
He was formerly
President of the Jones & Laughlin Steel Corp., being associated with
that corporation for 20 years until he retired in 1938.—V. 159, p. 2677.
representing the capital stock of the Parkprovides that in the event the trustees shall
propose to sell the property of the company as a whole, such proposal
shall be first mailed to the holders of participating certificates, and in
the event within 40 days thereafter written dissents to such proposal
shall be filed with the depositary and agent executed by the holders
of participating certificates representing 50%
or more of the capital
stock of the company then outstanding, then in such case the trustees
shall not have the right to consummate the proposal
so submitted.
Written dissents were received from holders representing only 3.77%
of the capital stock, which enabled the trustees to consummate the
transaction
in accordance with
the agreement previously submitted.
The sale was completed and the property transferred on June 23, 1944.
Complete and final distribution of the assets of the company cannot
be
$678,550
$551,066
;
„
joined
has
Hackett
E.
S.
certificates
were
been
cial of Division—
certificates
capital stock of this company were advised that the
voting trustees had received a proposal, made by Dan Gershon, of
Beverly Hills, Calif., to purchase the Park-Wilshire Apartment Hotel
and the equipment, furniture and furnishings thereof for the sum of
$500,000 in
cash.
The voting
trust agreement, under which the
Wilshire Co.
For the past two years Mr.
Southwestern Division manager for Philco, with head¬
Radio Division.
the Home
8,981
.
ment
representing
participating
been
(H. K.) Porter Co., Inc., of Pittsburgh,
Receive $57 Per Share—
Holders May
has
Kress
in Kansas City.—V.
quarters
Completed—Certificate
Angeles, Calif.—Sale of Property
Under
for
has
Kress
(Park-JVilshire Apartments), Los
Co.
E.
this
for
manager
Park-Wilshire
in. Personnel-^
appointed sales manager of the Middle
corporation, with headquarters in Chicago, it was an¬
nounced last week by Thomas A. Kennally, Vice-President in charge
of sales.
Mr. Kress succeeds John M. Otter, who was named sales
William
West
$7,847,570
196
*1,074
.
•
corporation.
confirming
decree
ganization
$678,354
(net)___>.
Balance
of
Philadelphia & Reading Coal & Iron Co.—Plan Ap¬
Kirkpatrick
229,088
$552,140
revenues—_.
income
•
deprived of flexibility and choice of action in conducting negotiations
for disposition of the property and other assets of one or the other
proved by Court—
Philco Corp.* Philadelphia—Changes
30,000 shares of
.
for
output
68,605
246,979
oper.
•
understand the difficulties which would
be faced in seeking to protect their investments if the management
were
to be restricted in the manner desired by the Government and
the week ended July 8, 1944 amounted to
113,017,000 kwh., an increase of 1,884,000 kwh., or 1.7%, over the
corresponding week of 1943.—V. 160, p. 122.
electric
The
163,535
income taxes
Stockholders
Philadelphia Electric Co.—Weekly Output—
«
charter, by stockholders' vote,
producing, refining and marketing
building company.
Panhandle affiliates, it was indicated,
considerable interest In the Warren company.—V. 159, p.
to
each; and Dec. 20,
151, p. 1907.
See Boston & Maine RR.—V.
has made a number of investments in the securities of corpo¬
other industrial fields.
Principal among these is a sub¬
stantial holding in the Warren Brothers Co., the nation's largest road
offered
Net
Other
118,291
129,114
_
'
'
1944—12 Mos.—1943 $25,663,015 $23,188,412
$10,122,564 $8,837,131
1,758,260
1,741,245
1,526,984
1,481,887
1,544,365
1,169,013
2,863,272
2,520,708
Pullman, Inc. should have the right
whether it would dispose of its manufacturing business or its
Dividend—
of 50 cents per share has been
$2,063,701
Other taxes
5,474,234
Peterborough RR.—Sale of Properties—
in
The
Federal
lines of
payable July
company
rations
pfd.
to
paid: April 20, July 20 and Oct. 22, 50 cents
50 cents in cash and 1% in stock.—V. 159, p. 2236.
the Fidel management.
oil
Texas
-
$5,668,576 $5,851,372
3,837,992" 3,841,863
were
amendment of Panhandle's
the
October.
5,602,790
2675.
Pepsi-Cola Co.—-50-Cent Cash
remains
unchanged under Panhandle's control.
Ernest
formerly Assistant Secretary and Assistant Treasurer, has
to the post of Treasurer, formerly held by Mr. Young,
Thomas Aikins,
Assistant Treasurer of Panhandle, has been
Since
in
$11,271,356 $11,326,606
$442,134
period___
$399,561
stocks for
—
applic.
p.
A dividend
elevated
appointed to a like position in
447,325
charges
159,
stock,
personnel
while
157,260
Depreciation
Court
Uehlinger,
been
$889,459
469,958
33,678
62,840
4,629
$869,519
income
Dividends
—V.
addition, Fidel's executive
lone
a
$1,957,622
706,024
to
v
and
promotion
one
4,594
(net)
income
Net
G. Diefenbach—
:
Secretary.
$884,830 $11,208,516 $11,292,928
$864,925
revenues—
G. Swiger, Fidel's
and A.
Yeager
B.
W.
824,278
147,655
of
ment
Watson.
S.
Operation
Operating revenues
companies,
15,862
income
Gross
invest¬
B.
311,667
limited-term
of
Interest
by Charles G. Terry, New York partner pf the Buffalo, N. Y„
ment banking firm of Schoellkopf, Hutton & Pomeroy, Inc.
Continuing
on
the board are H. F. Young, Fidel's President; Mr. Hopps. C. F.
Stratton,
136,895
oper,
Other
Fidel.
one
."•V
Maintenance
In
other member of Fidel's directorate—E.
his po6t upon the transfer of ownership.
Only
517,849
retir. res. approp.
Net
Refining Co.—Acquisition—
Serge Rubiibstein, Chairman and President, on July 6 announced that
the
enlargement and diversification of its investment portfolio in
accordance
with the general investment policy inaugurated
several
months ago have been effected by this company through the acqui¬
sition of the outstanding capital stock of the Fidel Association of New
York, Inc., annuity trust with resources approximating $2,250,000.
,
The purchase was made lor an undisclosed cash consideration from
interests associated
v/ith Cecil P. Stewart
marine insurance under¬
writer, and S. B. Hopps, who acquired control of Fidel in November,
1943.
Upon consummation of the sale Mr. Stewart resigned as Fidel's
Chairman and was succeeded by Hamilton F. Pell, Chairman of Pan¬
handle's executive committee, who previously was a Vice-President and
of
2,184,746
investments
Panhandle Producing &
director
—
____
taxes
Amort,
»
■
Subs.)—Earnings
(&
1944—Month—1943
Pullman Inc.—Company
$3,966,546 $50,390,122 $47,830,134
2,101,344
26,424,386
23,888,932
7,101,571
7,340,067
487,625
2,089,174
1,857,986
206,914
3,441,667
3,559,167
285,833
$4,016,082
Other taxes
payroll
annual
and
dollar volume
the $3,500,000 mark."—V. 160. p. 121.
in
$5,000,000
nearly
>■
Anti-Trust Suit—D. A.
1944—12 Mos.—1943
1944—Month—1943
31—
had Just
Prop,
2455.
•
Co.—Earnings—
Pennsylvania Power & Light
announced
159, p.
Puget Sound Power & Light Co.
Increase
To
Washington and Norfolk, making the third increase
these war-important cities in the last two months.,'
request of the Army Air Forces Materiel Command" was
on
July 12 by Geo. T. Christopher, President and General Manager.
His statement followed the news that the Defense Plant Corporation
totalled
—
to Washington and Norfolk, arid an additional evening flight
from Washington to Pittsburgh and Detroit.
This new schedule will provide a daily total of 12 round trips between
Division-
division in the company's
advanced aircraft engine development
"to handle
respectively.—V.
burgh
$1,056,630
458,4/8
458,478
Co—Forms New
Corp.
Airlines
become
new
of
79
amounts have
long-term lease and to unamortized debt discount and expense,
the
of
of deductions resulting from
purposes,
long-term lease and from the refinancing of longbeen credited to the cost of settlement
a
Such
Period End. May 31—
trips
$2,360,656
1,304,026
$986,772
$84,996
Establishment of a separate
plant
1,254
.
Packard Motor Car
:
8,832
period
applicable to pfd. stocks for
Divs.
22
'
$
• ■
airline schedule to several of America's war-busy
effective on July 15 when this corporation adds
to its daily service, it is announced by J. J,
O'Donovan. Vice-President.
•
This new service, made possible by the return of another of the air¬
line's
planes from war duty, will provide three more daily round
will
several
$2,359,402
$2,340,441
$188,072
103,076
420
$
■
augmented
An
cities
232,266
235,756
$188,050
$174,462
___
income
Interest
$2,127,136
19,449
(net)
income
Gross
411
$2,104,685
$168,601
$
v.
40,973.952 230,656,400 218,298,260
profits tax
excess
debt.
term
Service—
^42
$154,647
" V
and
the settlement of
1944—6 Mos.—1943
1944
'
2525,
p.
"
42,283,928
—
159.
Pennsylvania-Central
700,425
700,000
.
revenues
Kent from lease of plant
Other
586.839
£62,563
\
,
,
oper.
Operating Income
$
Sales
—V.
income
3.2% Higher—.
1944—Month—1943
Period End. June 30—
3,018,558
3,377,411
Penney Co.—June Sales
(J. C.)
Co.—Earnings—
1944—12 Mos.—1943
$7,563,665 $6-99|>,932
Pacific Power & Light
Period End. May 31—
Monday, July 17
FINANCIAL CHRONICLE
THE COMMERCIAL &
228
cereal
made
mixes,
is
production of feeds and
grains.
engaged primarily in the manufacture and marketing
and feeds.
It markets a line of breakfast foods,
wheat, corn, and rice; it produces flour, pancake
products
from
oats,
farina, corn
meal, barley, and hominy grits; it makes noodles,
spaghetti and macaroni; and it produces and markets feeds for live¬
stock, horses, poultry, and dogs.
As an incident to its manufacturing
interests, the company buys and sells grain, and owns and operates
country elevators.
Company produces and markets a chemical known
Volume 160
Number 4299
THE COMMERCIAL & FINANCIAL CHRONICLE
furfural, which - is useful for resins-.and selective solvent ^refining
and is used in connection with the manufacture of "synthetic rubber;
as
-
to give effect
(adjusted
to
present
financing) '
;
-
•
Railway Express Agency* Inc,-—Rail-Air Express Gains
i4.3%—:~x: -■ v'/•: ■:;;•'.:xx'.• v.M
.
Capitalization
Shipments handled in nation-wide rail
first five months of this year marked
up
similar 1943 period,
the corporation's
recently.
A total of 180,464 shipments
To be
'■*<
"o
-
'
;
\
* •" Authorized
Outstdg.
1%% serial notes, due July X, 1945 to 1954—- $5,000,000
$5,000,000
20-year 2%% debentures, due July i, 1964—
10,000,000
10,000,000
6% cumul. preferred stock ($100 par)
250,000 sh •180,000 sh
Common stock (no jarL——_—J—___ ■ 800,000 sh *702,000 sh
.
" ;
service
the
for
Summary
Consolidated Income
of
April 30,'44
;
sales
Cost
of
income
$
the
10,960,543
7,805,219
10,903,596
7,024,708
416,723
491,587
311,165
.....I
charges
Income
before
Income
and
inc.
&
taxes
profits
profits taxes_____
3,046,070
4,440,518
__
The transit-corporation, the Commission said, owns
of the Mectric company's-stock and, upon consummation
income
t6,580,869
addition,
effect; if
income
net
which renegotiation proceedings may have upon
and 10 months ended April 30, 1944. is not
any,
the
for
year
expected to be material.
June
the
1S42.
30.
.■'X IThe
refund was required for
No
159,
ended
year
income
Federal
for
June
30.
1942,
were
p.
Net
of 25
cents
share
per
paid on Dec.
was
sales
Profit
Int.
from
&
Misc.
$68,695
$24,429
$1,973,385
1,874,257
$1,817,216
$173,603
Cr9,799
into an agreement for the sale
25,316
1,643,613
24,552
$99,128
125,686
Cr205
Crl,954
JDr7,571
2,410
_____—__
income
oper.
3,907
$45,994
14,370
$5,738
'
117 159
$19,759
16,559
_
$82,802
16,798
24,155
56,349
$22,536
22,204,461
1,629,855
20,357,978
1,560,428
15,635,827
1,546,533
$2,620,432
$4,943,550
$9,398,501
$4,396
$139,151
33,434
167,138
losses
tire.'of
on
plant
Other
90,565
100,313
253,786
Prov.
for
taxes
______
______
800,302
1,252,410
602,424
963,871
paid
share
per
stock
♦Includes
of
$4,005,871
2,817,923
$2.60
(after
credit
time to time, upon
the serial notes of $100,000
or any multiple thereof.
There will be no premium applicable to such
prepayments except (a) if any prepayment is made directly or indi¬
rectly from borrowings or the sale of debt securities, there will be a
premium equal to lU of 1 %
of the principal amount then prepaid
times the number of full years and fraction of a full year between
the date of such prepayment and the expressed maturity of the note
upon which such prepayment is made, and (b) if any prepayment is
made directly or indirectly from the proceeds of the sale of the stock
or other similar
securities, there will be a premium of '/« of 1% of
the principal amount then prepaid times the number of full years
and fraction of a full year between the date of such prepayment, and
the expressed maturity of the note upon which such prepayment is
made.
All amounts so prepaid by the company shall be applied on
the serial notes in the inverse order of the maturity thereof.
124
,
167,141
$17,856
t$10,898
t$162,880
t$28,114
on
outstanding bonds, but unpaid,
-■X/
v /
•
*
'
•
-
.
:
States
in
St. Louis Public' Service Co.—Tenders
at 3869 Park Ave,, St. Louis, Mo., will
July 20, 1944, receive bids for the sale to it of
outstanding first mortgage 5% bonds due March 1, 1959,
and
including
at
prices not to
at
the
will
V.
rate
be
of
include accrued interest.
5%
added
159,
Sought—
at its office
company,
to
up
per
to
from
annum,
the
purchase
Interest
March
price
and
on accepted bonds,
1, 1944 to July 22, 1944,
paid by the company.—
2527,
p.
Sargent & Co., New Haven, Conn.—New President—
Charles Forbes Sargent has been elected President to succeed
Murray
Sargent, who will continue as Chairman of the Board,—V. 135, p. 4228.
x
;~ $0.65
of
approximately $75,000 for debt
retirement taken in lieu of post-war refund)
in 1943; $3,925,000 in
1942, and $1,725,000 in 1941 excess profits tax,":-'v.
be entitled at any time and from
United
company,
The
$2.86
-
$0.45
v
______
$700,000
accrued
M/.
'
138,
.
Circuit Court of Appeals recently ordered that
receivership since May 5, 1938, be reorganized under
Section 77 of National
Bankruptcy Act.—V. 160, p. 51.
—-
1
$3,762,970
1,252,410
963,871
$1,943,959
1,252,410
paid____
dividends
common,
The
the
*3,550,000
*5,510,408
"
$1,688,709
dividends
Earnings
*1,963,135
a
■"
income
Net
190,025
income
—:—
Common
59,909
(Or)—__
r
Pfd.
177,461
—5,768
2,625
75,039
27,435
1,076,007
X- -X. V
to .issue, $5,000,000 1%%
'
$1,000,000
re-
assets
Fed.
54;091
______
—'
income
income
interest
,
33,428
Federal Judge Leamy has appointed as trustees-In
bankruptcy fof
the road
Wi}liam E. Navin, present receiver, and Willace M. Fay of
Proctor, Vt.»
;
connection
Miscellaneous
______
$7,971,937
131,420
projects aband._
Abnormal
______
,
1,692,074
earned)
in
deductions
$51,284
Trustees In Bankruptcy Appointed—
of
(net
^
Income
♦Total fixed charges™
1941
X./X
'
oper.
opers.___
amort,
with
the 20-year 2%% debentures,
serial nootes, of which
$4,100,000 are being purchased by First National Bank of Chicagoand $900,000 by Northern Trust Co., Chicago,
The serial notes will
mature serially, $500,000 on July 1, 1945 and a like amount on July 1
of each year thereafter to and including July 1, 1954.
Company will
fr. ry. opers.
♦Includes
1942
1943
18,511,032
interest
of, and concurrently with the delivery of
proposes
and
expenses
after deduction of estimated
Such net proceeds, together
with $5,COO.OOO to be concurrently received by the company upon the
Issuance of its serial notes, or a total of $14,642,000, are to be used
as the
future developments of the business may require.
Notes—Company has entered
344,095
tDeficit.
.
of
Deprec. and depletion__
taxes charged to income for
based on estimated rates and
$9,642,000, exclusive of accrued interest,
to be borne by the company.
Serial
$368,524
367,175
ry.
Net
less freight, mam-m..v.
-v-.
rine insur. & discounts $22,823,538 $28,777,865 $31,316,906 $25,154,297
Cost
expenses
the company
$435,870
exps.___
credit
Total
1941.
22.
14:85^"XX.rX/'r/X/XXX:/-X/X/ /X;XX: mX^X!XX-"
Sales,
;
the year ended
proceeds to be received by the company
20r.year
2%%
debentures are estimated at
the
of
Rochester
1944—5 Mos.—1943
revenues
oper.
Other income ....I,—5,290
■•
Issue—The net
sale
the
1944—Month—1943
oper.
rev.
Net
(Includes wholly-owned subsidiary, Georgia Timber Co.)
Expenses
from
the
the railway company will be dissolved.—V. 159, p. 219,
Railway tax accruals™
Equipt.. rents (net)____
Joint
facility rents —
Consolidated Earnings for Years Ended April 30
•
,
were
approximately $116,000 more than provisions based upon rate
subsequently enacted.
The provisions for the year ended June 30,
1943. were correspondingly reduced.
Purpose of
of
Railroad—Earnings-
period End. May 31—
Rayonier, Inc.—Annual Report—>
-
XX/ :X';XXX/
-/m;;;
provisions
89%
Railway
Railway
net
Aug. 1 to holders of record July ?0.
Similar distributions
including May l, 194-1, and, in
special
a
1944
"I-. *The
consents
have been made each quarter since and
4,335,312
*4,689,564 ;
*3,605,552
__
and
Ry. for $1.
almost
'
Net
acquire the franchises
of the transfer,
An extra dividend of 25 cents per share and the usual quarterly
dividend of 25 cents per share have been declared on the common stock,
7,335,873
243.586
7,092,287
t2,756,475
11,395,183
124,750
11,270,433
8,221,942
,175,872
.
.
which originates at or is destined to nonis handled -part way "by rail, increased
period.
*
therefore
Raymond Concrete Pile Co.—Extra Dividend—
90,140,230
72,154,979
13,513,653
—V.
Total
Income
3ervlcev
Public
Electric
traffic,
and
five-month
$
1"
97,761,416
operations™..—.
York-
to
Rutland
V. 160. p. 123.
12,378,698
„——™
this
on
cities,
for
both payable
from
Income
Other
New
Commission
1943.
May combination rail-air shipments totaled 36,598, compared with
32,680 shipments for May, 1943, a gain of 12%, it was reported.—
1942
120,621,703 122,178,665
—_
Selling, gen. & admin. expenses—
Corp.—Acquisition Approved—
Corpbratlon has'been--authorized by the
In
100,437,786
■
goods sold
9.4%
•
1943
$
Net
airport
/■//
Years Ended June 30
10 Mos. Ended
>
-
Period—
."■*
an
Rochester Transit
'
'
Revenue
'
increase of 14,3% over the
air express division reported
were carried in the combined
airlines, compared with 157,885
commercial
shipments, January to May,
•Outstanding shares include 892 shares of preferred-stock and 2,447
shares of common stock held in treasury.
nation's
and air express service In the
229
(The) Schiff Co.—June Sales Off 3.7%—
Period End. June 30—
Sales
—V.
1944—Month—1943
$2,371,457
_____—_________
159,
2528.
p.
1944—6 Mos.—1943
$2,462,653 $10,302,205
$9,701,314
Xr/X ■/' .•//M"
10 days' notice, to make prepayments upon
X
Consolidated
vestment
for
cipal
as
'
-
.
':u
-
''
Name—
Amount
Name—
'
1
"
Co
Sheet,
Consolidated Balance
Assets—Cash,
the
200,000
200.000
make
150.000
The
Total
oper.
expenses—
474,842
$662,134
441,537
oper.
revenues—
$303,604
$220,597
$778,446
inc..
38,262
7,874
Operating income.
Ord. inc (non-comm.)_
$341,866
$228,471
*6,951
*1,354
*18,724
$1,363,343
62,822
income—
$334,915
$227,117
from ord. in£._
11,651
2,595
ord.
M
,
a
a
protective
its
•';:■/
■,
B.
Alley,
attorney
for
the
debtor,
and
Consolidated
Realty Corp., the sole
the motion.—V. 158. p. 2366.
1
Palmer,
stockholder, ap¬
William
449
7,871
The
-
reserves
Ringling
necticut
of
recently
that
informed
aluminum
in
ore
;
Net
income
at
of
Haiti
the
was
Brothers,
Barnum & Bailey Circus property in Con¬
placed in the hands of a receiver by Judge John. H. King
Willimantic, Conn., July 12.
S. Rogin as receiver.
action
was
taken
about 162 persons.
Under a Connecticut
Judge
King
named
former
Judge
r
.
application
on
carried
property
the
by
Allyn said.
According
i
$1,293,183
$1,126,104
145,800
936,950
statute the
and has
an
railroad cars, wagons
circus
covering physical property
Net
724.500
-
income
•iSSSs.
$78,274
$83,446
/
of .the
/
m
to
Mr.
circus assets
and to protect the circus as well as claimants.
V
Riverside & Dan River Cotton Mills, Inc., Danville, Va,
—Develops New Products—:
The corporation
X Obituary—
William Arthur
-
died
at Bavside.
of
Winterbottom, V'ce-President and
heart attack.—V. 160, p.
General Manager,,
of a
July 84 at the age of 60 years,
2678, 2527.
New York,
on
"»•:
'r
'''
a->
.a
■
J"
''J
1-
f.
r
V:
»
-•ri;
a &
-
'X
f
i
i
rX.o.
Operating
Frt^.^
Passenger
similar
for
-
X
■"
new
cotton
commercial
textile
products,
production in
its
"
t«
-I
Mo,;
>
:
("i
M/;
-
which
textile
mills/
.
'•
'
*1943
by
•
*1942
-
*1941
$
$
______
88,381,325
_________
________
39,996,259
76,350,934
27,169,322
1,568,699
1,498.271
304,536
Mail
1,809,508
Express
Other passenger
train_____j_______'
1,828,110
855,636
Milk___—
—
Total
incidental
v-.
X"
,ui n; "" r "y
operating revenuea^____
Malnt. of way and structuresMaint.
of way
and
struct.—amort._
Traffic
Miscellaneous
General
__________________
operations
expenses
for investment
■
1
537,853
1,722,300
58,569
•
1
:
137,257,803
Maintenance of equipment,..
Maint. of equip.—deprec. & amort.
Transportation
259,800
2,718
92,539
._™-l
Total
1,373,686
1,150,562
2,658,040
148,210
11,026,177
586,687
2,624,936
48,476,540
13,345
592,788
—__
operating revenues
Joint facility (net)
;-:'r
$
20,999
Other
(Cr)
_—
110,242^375 -64,608,903
14,001,048
10,984,050
8,523,886
1,484,784
44,812
14,637,975
12,491,258 ' 9,786,122
3,557,619
4,651,021
2,466,756
2,783,488
2,465,181
2,285,734
38,862,220
32.187,487
22,746,425
2,817,652
2,015,847
1,187,021
2,678,925
2,170,701
1,880,678
75,900
22,186,791
5,157,733
3,862;311
______
34,247,302
38,074,284
Hire of equipment (net Ur)_™_™
5,270,661
272,635
3,916,508
211,805
28,704,006
33,945,971
468,909
10,106,964
505,592
29,209,598
34,414,880
10,611,359
580,925
591,117
16,971
Joint facility rents
Net
(net Dr)__
railway operating income——
other
Total
income
Total (gross)
Deductions
from
Miscellaneous
——
income———
income
gross
rents
funded debt-
of discount on
Amort,
a l'.J •./
'.»)
-
M
Miscellaneous income charges_——
tNet
11,945,870
1,670,608
168,298
income
14,438
1,057
;
i
504,395
588,192
16,013
-
-w——
—
29,478
2,970
12,783,889
338,480
2,315
36,285,259
8,823,203
15,796,841
•
charges
t2,819,263
1,181,069
2,881
——
receivers' accounts.
tDeficit.
.^Exclusive
of interest on adjustment mortgage
(income) bonds.
§1943 figures
include additional interest of 1% on S. A. L, Ry. refunding mortgage
♦Combined
corporate and
on
overdue instalments of interest'on certain mort¬
bonds or other obligations of 8. A. L. Ry/Co. (on an annual
applicable to 1943 of $193,500 and $4,203,426, respectively).
gage
basis
figures also give effect to a net interest credit of $215,601 (underof $293,830 in simple interest and overaccrual of $509,431 in
on
overdue interest) representing adjustment of accruals to
Such
accrual
for such interest as
1942 figures include
L. Ry. refunding
mortgage bonds and interest on overdue interest in the respective
amounts of $2,290,288
and $25,016,993. of which $193,500 and $4,-^
010,972, respectively, were referable to the year 1942.
Dec.
31,
to
1943,
conform to Seaboard's liability
decrees dated July 18, 1913.
determined
in
retroactive
accruals
court
of
additional
General
,
interest
Balance
of
S.
MMV
3
V}..
A.
Sheet, Dec. 31
*1943
*1942
Investments in
Cash
with
Cash
in
road, equipment, etc.—— 326,986,196 310,442,806
treasurer————
16,915,108
13,142,614
transit
Loans
and bills
bal.
receiv.
Miscellaneous
investment
.—-
—
from
Other
current
Deferred
assets
Total
—
<25,756
8,144,492,
8,049,586
7,186,275
——_
—
——
—
1,850,000804,108
282
supplies—__——
assets
1,388,286
14,450,000
1,802,252
agents and conductors—
1,581,795
receivable——9,267,081
receivable———
accounts
and
1,308,818
——-
cash
Special deposits
Temporary
Unadjusted debits
/.
il.A:
Tit;. 1
submitted
was
"
•
Interest and dividends receivable————
its research division
products are now in
At the present time practically all of the corporation's output of
these products is going to the country's armed forces,—W. 159, p. 880.
■/
obligations
"
revenues—
_——
Materials
X
.
announces the development by
..•1
i
f
99.269
Income Account for Calendar Years
Net
$401,604
$356,233
.
of
V
Mr.
totals $500,000,
'
.•
bid
-
interest
■
Schatz. all attachments filed so far against the
circus become dissolved automatically with the naming of a receiver,
and all claims are placed on an equal
basis.
In Rhe future. Mr.
Schatz said, all claims will be filed with the receiver.
The receivership, Mr,. Schatz said, was made for the preservation
938
$224,074
•
bonds and interest
of Julius B.
receiver takes immediate possession
inventory made.
Circus property in this
and ether equipment.
Other
property is at the circus winter quarters in Sarasota, Fla,
Additional civil suits instituted July
12 against the circus aggre¬
gated $265,000, bringing the total since the fire to $473,000,
W. Ellery
Allyn, State Insurance Commissioner, said he was still trying to ascer¬
tain the public liability insurance carried by the circus.
Insurance
the
of
State consists of 79
.1,246
232,350
second
.
Railway operating income™.-™,
corporation has
and Jamaica which
this
Schatz, attorney,
of Hartford, who is counsel for several
persons who Instituted civil
suits against the circus for personal injuries suffered in the fire that
swept through the circus tent at Hartford July 6, causing the deaths
$1,126,412
$315,796
,
net inc.—
A
Halsey Stuart & Co., Inc."
"
Transportation
.
Deduct, from
Harris, Hall & Co. in the re-offering
Equitable Securities Corp.; Illinois Co. of Chicago;
Hayden, Miller & Co.; McDonald & Co.; Kebbon, McCor¬
mick & Co.; McMaster, Hutchinson &
Co.; Williams,
Blair & Co., and Graham, Parsons & Co.
years.
many
Edward
42.918
j
Associated with
are:
Taxes
Rlngling Brothers, Barnum & Bailey Circus—Receiver
Appointed—
$1,169,330
533
7,467
large
were
cer¬
to 2.25%, accord¬
ing to maturity.
SInterest
36,668
$1,300,521
1
(Cr)_
(digs.)—
inc
$224,522
$323,264
income—
income
The group immediately re-offered the
tificates at prices to yield from 0.90%
Delayed income debits-.
$1,177,530
*8,200
$1,382,067
Net
for
At
.
pending a determination of
stay was argued July 10, and was
result of this decision, the, trustee;-,
Appeals
Reynolds Mining Corp. and VicePresident and General Counsel of Reynolds Metals Co., said conces¬
sions on ore deposits had been obtained by the company in Haiti and
others were being obtained in Jamaica.
R. S. Reynolds Jr., Vice-President and Treasurer, reported that the
company is working cn a number of plans for post-war use of alumi¬
num and that the supply from the aluminum industry now
was more
than sufficient to meet war production needs.—V. 160, p. 123.
$1,140,862
$1,304,187
77,880
jExtraord.
of
promise supplies sufficient for
Walter L. Rice, President of
1944—5 Mos.—1943
$3,600,236 $3,242,815
2,296,049
2,101,953
1944—Month—1943
revenues-
JSxtraord.
motion
stockholders
located
current instalment
$1,430,416;
trade,
oper.
Deduct.
Court
bench.
Silver,
attorney for the
Communications, Inc.—Earnings—
ord.
The
the
peared in support of
April 30, 1944
Total
Gross
Circuit
the above distribution.
Julius
The
communic.
the
from
James
$18,000,000; common stock (702,000
>
in
the motion.
150,000
1945-54, were awarded July 11 to Harris, Hall & Co.
(Inc.) and associates on their bid of 99 for a coupon
rate of 2%.
•
committee by Lev/is,
Marks and Kanter
attorneys; John Vanneck, et al., bondholders,
by Percival E. Jackson, their attorney and George Zolotar, counsel
to the Securities and
Exchange Commission, appeared in opposition to
6% cumulative preferred stock
shares, no part $15,210,000; earned surplus, $14,626,459; preferred (892 shares) and com¬
mon (° *47 shares) stocks held in treasury and reserved for employees,
Dr$282~304; total, $62,812,469.—V. 160,.p. 122.
C
Other
•
the
Bondholders'
propriated surplus, reserves, $5,452,363;
Net
'
,
cash
a
appeal...
and
total, $62,812,469.
Period End. May 31—
timberlands
distribution on or before July 25, 1944 of 20% on
principal indebtedness owing to bondholders.
corporation appealed from the order and moved for a stay
The
patent purchase contract, $100,000; accrued liabilities, $7,655,535,
dividends payable. $270,000; patent purchase contract, $350,000,
ap¬
RCA
notes
30,
of
thereof
of
(par $100)
June
make
to
possible losses of $1,138,34b),
$933,768; other receivables and investments, $579,159; prepaid expenses
$385,833; property, plant and equipment (less reserves for depreciation
of $16,442,389). $14,765,850; patents (at cost, less reserve.of $308,617),
$800,703; trade-marks,
trade rights and goodwill (less reserve of
payable,
interest
An
•
account
$20,217,131; investments in and
solidated, at cost
(less reserve for
tories.
Liabilities—Accounts
roll,
1944 Judge Grover M. Moscowitz of the U. S. District
Court signed an order which was entered July 3, directing the trustees
Government securities $1,706,757;
$598,322), $7,601,890;
advances to affiliates not con¬
S.
U.
$5,675,872;
pay
$400,614; provision
at par plus accrued
purchase
obligations,
payable
payable
160, p. 51.
On
receivables (less reserves for bad debts of
$118,338), $10,145,506;
notes
tax
accrued
income,
Reynolds Metals Co.—Locates Aluminum Deposits—
^
'
-
$336,918;
notes
300,000
Whipple & Co...
Bacon.
$673,082),
unsecured
must
Kebbon, McCormick
& Co.
400,000
400,000
Weeks—
(less
on
Realty Associates Securities Corp.—Court Orders Pay¬
ment of 20% of Bondholders' Indebtedness July 25—
300.000
Wisconsin
of
income
on
taxes
unsecured
—V.
250,000
The
taxes
$997,995;
Federal
to banks, due within one year,
to
banks,
due after one year,
$2,500,000;
timberlands
purchase obligations,
due after one year,
$926,561; foreign customers' deposits, see contra, $83,951; cumulative
preferred (par $25), $15,655,125; common (oar $1^, $963,871; capital
surplus,
$2,809,109;
earned
surplus,
$4,893,394;
total,
$30,433,015.
J
Alex. Brown & Sons.—
Estabrook & Co.
Merrill Lynch, Pierce,
• v/v-.-M:V> Stein Bros. & Boyce___
Fenner & Beane— 1,250,000
Whiting. Weeks &
Glore
Forgan & Co.
1,000,000
Stubbs
—
William Blair & Co.—
500,000
Farwell. Chapman
Harris. Hall & Co. (Inc.)
400,000
& Co
—~
Hornblower &
Federal
denied
Co._$2,500,000
to
payable,
than
$365,478;
;
Mellon Securities Corp.. 2,000,000
Harriman Ripley &
other
$500,000;
the prin¬
debentures to be purchased by each underwriter are
of
amount
follows:
taxes
interest
several underwriters and
of the
advances
Liabilities—Accounts
and
the indenture that, as and
lor a sinking fund for the retiiement of debentures, the company
will deposit with the trustee on May 20, 1955, and on May 20 in
.each
year thereafter
to and including May 20, 1963, the sum of
$300,000. together with a sum equal to accrued interest on $300,000
principal amount of debentures to the next succeeding July 1.
Com¬
pany will be permitted to make all or any part of any sinking fund
payment in debentures (to be received by the trustee at the prin¬
cipal amount thereof) with all unmatured coupons attached.
Com¬
pany will also be entitled so to
deliver debentures at any time in
anticipation of all or any part of ony one or more sinking fund
payments.
Cash in the sinking fund (if amounting to $25,000 or a
lesser sum if the company shall so request) is to be applied by the
trustee on the next succeeding JiHy 1 to the redemption of debentures.
names
and
in
Seaboard Air Line Ry.—Equipment Issue Awarded—
issue of $2,760,000 equipment trust certificates, due
April 30, 1944
wholly
owned Canad'an subsidiary,
$32,288;
estimated
refr.nd
of
prior- year taxes under carry-back
provisions of the internal revenue code,
$170,000;
property, plant
and
equipment (net), $22,329,693; deferred charges, etc.,
$216,545;
total, $30,433,015.
v;X K .v.",., ;XXXX. .X-X'' 'X'v ■;
■ v-:''
Sinking Fund—Company will covenant in
Underwriters—The
Balance Sheet,
^Assets—Cash,
$933,649;
drafts
and
accounts
receivable,
notes,
$2,573,920; - inventories, $3,821,532; advances to logging contractors,
$271,438; foreign customers' cash deposits, see contra, $83,951; in¬
—
—
189,481
256,756
496,213
9,213,775
1,341,377
101,208.
187.813
1,177,893
7,101,020
390,517,344 352,893,649
stock
capital
_
capital stock
Preferred 6%
unmatured
debt
Funded
capital stock
4-2%
Preferred
61,179,262 61,179,262
23,894:100 23,894,100i
37,300
37,300
105,740,500 106-156,500
—:—J-.—
——
unpaid
interest accrued
;
matured
Interest
Unmatured
Accrued
H-332
rents
unpaid-—-
certificates
-
1,268,100
liabilities
Unadjusted credits
Unearned surplus
(deficit)
loss
and
2;
r
Total
———
:
.
-
:
Output—
Electric Co.—Weekly
,
operating companies in the
week ended July 8, 1944,~
totaled
169,615,000 kwh. as compared with 177,974,000 kwh. for the,
corresponding week last year, a decrease of 4.7%.
f
.
Electric
output
Standard
158, p. 1675.
Shell Union Oil Corp.—New Plant—
.
/
Standard Gas &
July 10. This
March 10, June
$5, payable July 20 to holders of record
with 10 cents paid on Jan. 14, last, and on
10, July 30 and Sept, 10, 1943.—V.
2457.
p.
.
has been declared on the common
cents per share
15
$1,717,750 $14,900,506 $14,435,425'
$1,901,250
159,
1944—6 Mos.—1943
1944—Month—1943
Period End. June 30—
Sales
par
compares
of
the
Electric
&
Gas
public
Co.
utility
for the
system
;;Electric output of the public utility operating companies in the
has been authorized byX Standard Gas & Electric Co. system for the* week ended July 1, 1944,
allyl chloride and allyl'
totaled 192,509,000 kwh., as compared- with 192,578,000 kwh., for the'
alcohol- plant at Houston, Tex:, J; Ostermeyer, Executive Vice-President
corresponding week last year.—V. 160, p. 52.
of
the
Chemical Division,
announced.
Construction is to- begin at
once,
it was said.
The new type of plant is the result of years of
Standard Oil Co* of California—Drilling Started on
research
and development • work
done., by Shell Development Co.—
The
a'ons
the
390,517;344 352,893,649
—
—
—
of
dividend
A
stock,
4,2054,20b
77,780,565 90,776,312.
and surp.
7,800,403 170,795,694 162,540,681
8,311,714
52.
Spiegel, Inc.—June Sales Increased 10.7%—
•
C
,
Shakespeare Co.—15-Cent Distribution—
;
4^070, ■
ilonm
HH rIv
6J2J5'SJ
————*-—
retired through income
debt
Funded
'
122 332 883
13H«o'J™
X/
1943
$
earnings
160. p.
—V.
— --->
i-wJS'JS
-
—_
2679.
p.
267,000
321,000
•
—
current liabilities-
Deferred
Profit
■/■
Gross
—V,
Jan. 1 to June 30
1944
1943
$
$
End, June 30
1944
$24,277,599.—V. 159,
earned surplus, $277,094; total,
struction, $53,994;
iot'
4az.izj
ou.ua/
lot,zou
'
tax
Receivers'
Other
aoo
58,755
accrued—
liability
.
Receivers' equipment oblig. mat.
Unmatured
2,658,546
S,639;166
284,830
105,693
9 Days
Xv"'
deposits and accrued Interest thereon, $85,628; dividend ac¬
crued on preferred stock ($55,946) and miscellaneous,. $78,156; deferred
liabilities, $22,617;
reserves, $5,704,739; contributions in aid of con¬
,
—
Period—
preferred
security
25*308,600
,=Soio
1,157,213
11,870,000
affiliated company
Traffic and car-service balance (Cr)
Audited accounts and wages payable
Miscellaneous accounts payable,——
payable to
Amounts
X
/
stock(par $100), $4,795,400;
common
stock (par $25), $2,973,450; long-terra debt, $9,222,100; ac-:
counts payable, $90,210; accrued general taxes, $441,370; Federal and
State
income and Federal excess profits taxes,
$532,842; customers'
43,896,578,
42,976,594
Long-term debt In default...
Receivers' obligations unmatured
X
,
cumulative
Liabilities—7%
<
1944'
Southern Ry.—Earnings—
$6,389; deferred charges, $512,854;
$13,017; capital stock expense,
total, $24,277,599.
tax,
Liabilities—
Common
Monday, July 17
& FINANCIAL CHRONICLE
THE COMMERCIAL
230
corporation's
Production
War
Shell Chemical Division
Board to construct an
,
123.
receivers' accounts.—V. 160, p.
•Combined corporate and
V.
160, p.
Subs.)—Earnings— X;
Seaboard Oil Co. (of Del.) (&
^0^84,460 ' *7,754,324
—————
Operating and general expenses.,...
has
named
been
Pearson, Manager of the Contract Division;
Myles E.
General Manager of the Beverly Hills branch, and . Henry J.
M.
Harry
Andrews,
Profit
$7,0«?'?2o $4'8?ofl?a"
91.193,
79,61g>
--
—
income
Other
income
Total
costs
Intangible drilling and development
on bank
loans——
Interest
Provision
Provision
for Federal
•
income taxes
contingent Federal income- taxes--
Provision for
Solar Aircraft
46,638
Louo.uoo
56,000
86,611
2,342,663
26,000
350,000 <
250,000
'
Co.—Earnings—
u
>
Years Ended April 30—
"
"
•
Sold———"—
21,991,042
Administrative, general and service expenses
/
848,662
Depreciation and amort, of property, plant &
of
Cost
200,OOu
products
Net
-2I
profit
Xl,949,090 $1,463,706
-
—~
—
—
equipment"
i
Federal capital stock and State franchise'taxes ;
■
••
*.
••
.•
•I\
}
.
Y'-'v' /"'* •
.
•
'X/
—V,
159,
based
11.2%—
333.412,565
''
'
U,
XX/XXXX:
April 30— •
less- dis-,
returns
and
sales,
allowances
of goods sold
Cost
_
'"
1944
Years End.
counts,
subsidiaries)
wholly-owned retail
Its
(And
,
receivable
X j.941
1942,
1943
77
,
.
,
■
X' ■
'$12,003,496 $11,600,128
$8,852,603
8,766,575
9,189; 118
'
■
•
■
'
..
-
—...
profit
gelling
&
$2,814,378 $2,833,553 -$2,435,160 :
2,077,096.: 1,923,319
1,878,122
—
■,
■■
expenses
gen.
jL,
Total
.
$14,317,667
":
Other
deductions-
come,
91,206
147,822
129,958
$1,001,441
$704,860
$437,895
62,810.
<
tlon
of
Other
Total
$800,093
200,000'
249,412.
$350,680-
$332,078
245,196-
for-Fed. Inc.
Prov.
income
Net
328,949
tax-
X":'
__
Dividends
$362,660
238,571
•
Accrued
share
per
deed> nctes
turned
surplus
y
12.50^
:.
6.253
528.4.96 X 528.496401,504
401.5O4
'--47.256..;.:; 47.256,
t ;l,283;2tl" *X 593.395 ■
statement
-
as
Balance
Consolidated
•
,
Sheet', April 30} 1944
v
-•
.....,-....!:—__
hand and
on,
total, $8,650,062.
.
on.
;
-
p.
2678;
V,
158,
p.
$304,485;
(trade),
brders.
- :;XXXXX
'"After
deducting
in
$534,679
1944
reserves
dividend
1941.—V.
of
158,
50
Operating
j
Operating
V
p.
share
has been
Telegraph Co.—Earnings-—
expenses
7,337,214
-2,312,688
___
2.236,574"
$1,323,652
income
159.
...
p.
$1.351.22.8
1,026.512
Net operating income
t
—V.
1,036,657
,
$6,535.083.. $6,905,493
4,882,586 - 5.224.99'?
and
Taxes'
Calendar Years—
ig43
u_:
1944
1943
$3,250,903
1,096.084
941.915
:
159,
p.
' 847.218
1.403,004
731.567/
:
1,418.339
depreciation.^,
$14,521
/
$56,766
General
•Prov.
______
and
Fed.
income
528,680
taxes—
See
under Central Pacific Ry,
Net
earnings
from
operations—
Southwestern Public Service Co.
533.054
247,408
$1,071,097
—
$1,112,120
100,757
" 73,897
•
__
Net
earnings
$1,171,854
——
$1,186,017
430,221", '
and other deductions—
revenues
Common
dividends.
Consolidated
•
Assets—Utility
'
——
Balance
Sheet,
plant,- $17,928,700;
Dec.
$689,242
335,678
;»
...
^
(other than
392,428
47.880
74.062
retirements..
for
of
Amort,
for
151,649
118,938
$3,858,528;
sinking
fund and special deposits, $13,714; cash, $1,147,106; U. S. Government
securities, at cost, $216,971; accounts receivable (less reserve of $38,-
oner,
G>oss
Income
/
warrant gives
of
warrants
for
Accrued
dividends
6%%
cumul.
pfd.
.
"
137,417
1,838.970
$2,866,708
1,000,503$1,866,205,
$3,203,410
287.516
$1,076,923
Balance
-V.
1F.9,
p.
2457.
York
Trust
Co.,
100
Broadway,
New
other
be
issued
to
the underwriters
shares
50,000
the
Assets—Cash
tracts,
$2,729,291
$1,364,440
stock.
presentation to and surrender of such"
will
50,000
shares will be issued to individuals
Balance Sheet
2,580
8,372
t
on
for
fixed-fee
$3,195,038
__._________.__i
to the holder thereof the right to purchase one
of the company upon, payment to the com¬
on or
$5,463,445;
6,456
deductions
income
Neither the warrants nor the 100,000 shares
being registered at this time. vX
and
en¬
7
gaged in the management of the company.
/
.
290,713
$1,575,493
banks
in
inventories,
contracts,
$44,625;
and
as
,
of Feb. 29, 1944
on
.hand,
$660,679;
accounts
receivable,
$2,418,410; materials purchased. for cost-plusU. S,-Government owned facilities con¬
$258,351;
property,
charges, $305,358;
- plant
and equipment
total, $9,910,800.
'
(net),. $759,732;
de¬
Liabilities—Note6 payable—to banks—Regulation V loan, $5,354,616;
accounts
payable—trade,
$574,486;
mortgage
payable
on
real
estate-X
30, 1944, $30,000; Federal taxes on income for the year
U. S. Treasury tax-notes of $1,002,900),- $547,100; accrued
paid
March
1943
(less
expenses,
and
Net
has agreed to issue 100,-
before 3 o'clock p.m. on the third anniversary date of
the effective date of this registration statement.
'>
City,
3,651
$331,453
company
stock
common
758.218
$324,997
$339,825
1944,
pany of $4.50 per share, upon
warrants at the office of New
337.711"
Dr2,302
Income
offered
to issue war*
the exercise, thereof are
for
6^9.916
'
*
March 27,
by the underwriters.
398.438
$342,127
revenues—
agreed
of
reserved
$822,412; reserve for guarantee expense, possible renegotiation
other
contingencies, $75,000;
plus-fixed-fee
contracts,
mon
768), $283,332; materials and supplies, priced at average cost, $263,286;
prepayments, etc., $28,703; post-war refund of Federal excess profits
all
ferred
Other income
the company has
purchase warrants.
None of these warrants will be issued
203,476 shares of common stock are delivered to and paid
stock
until
755..481
287
406
1944,
29,
Warrants—Since
.
000
671.701
-
85,258
82,505
franchises^—
Feb.
■'
2,767.851
327,926
81.217
inc.)
*426,775 shs.
674,000 shs.
.
XX3VXX
company.
$7,235,567
'3,233.151
$860,411
expense
—
Maintenance
Taxes
19^4—9 Mos —1943 ./
$8,257,460
335,678
31, 1943
investments.
y
496,776
$741,633
dividends
$950,320
51.637
Ooerating
Net
Net income
Preferred
124.
(& Subs.)—Earnings
1944—Month—1943
Period End. Mav 31—
Prov.
Interest charges
above.—V. 160, p.
(par $1)__
rants, as described below.
York
Ooerating
.
tOther Income
Ry. ? Bonds
243*932
1944
giving effect to Issuance of 23,225 shares now being
Warrants
461,365
486,655
___j_,
State
the
86.466
Authorized "..Outstanding
:
stock
60,492
243,932
513,563;
338,563:
531,591
112,954
profit.
^
339,740
175,000
50,000
:
218,302
482,614
_
———,
est.
net
X 581,591' f'
25,000 X
_i
?
■
1,550,000 X49,955*'
137,954
re3.__„
res
Common
Each
Pacific
Called—
$4,280,513
1.708,263
273,567
depreciation
taxes
for
1942
-
1,838,107
Maintenance '
for
for
303,143
-
435,000
bef.
profit
of
35,869
____._jX.i_:
taxes
Prov.
2528.
Pacific Co.—Central
1,264
11,487
21,458
6,6601
v
Note—Since
$3,231,469
*
expense.
——
Southern
$4,680v719
Operation
Provision
•
Net-
Share
Income
Operating revenues
income
-
-
1941
389,626
2,413,281 X 891,771
602,163
X;X X,.:"
"
Int.,
etci,
deductions
Fed: inc.- Ssl exc.: prcf.
*
by
Co., Ltd.—Earnings—
:
maintenance
dividends,
Interest,
—V.
.
1942
Deduct—
XXX'iX
.
Sioux City Gas and Electric Co, (& Subs.)—Earnings—
Consolidated
prof, from opers.__
Bal.
XX-vX;XXXXX';,X
"
2528.
earnings
Operating
Deficit
of
-Calendar Years1943
$3,370,269 $20,089,449 $10,553,188>- $3,319,655
"Before
Gross
on
n
X-'
,
Capitalization As of Feb. 29,
Net
.
X
2 Mos. End.
reserve
declared
s
sales
; Other
,
approxi4
governmental
was
Earnings^
Summary of
•
Feb. 29, *44
31.025,690
11.189,188
36,329;002.
11,352,079,
6,540,624
94.
Statement
"v
Net
$10,973,554 $10,128,426 $54,216,164« $49,120.^71».
: revenues,.
Southern Canada Power
per
-
'
■
of orders as of June 19, 1944,
which at least-99% applies to
,
'
Operating" taxes
398.
cents
of
1943—V. 159, p. 1803.
1944—Month—1943 - v 1944—S.Mos;—1943-> '
Operating revenues „$10(996t774 $10,154,869 $54V33L214; $49(263,005 X
Uncollectible' open* - rev/ •
- 23,220*' fr 26,443
:,;X15,050;;;X 142.634
the no par
value common stock, payable Aug. 1 to holders of record July 20.
This
compares with 35 cents paid on Dec. 22, last, and 50 cents on Aug. 2,
A
andi-amortization
for " deDreciation
and $354,378 in
Period Endv.May 31—:
•»'
Leather Co.—50-Cent Dividend—
Seton
'
-
log
of
"
$14,317.667;V $9,586,857' ^
1.1_
; Total v.
12 Months Ended May 31—
*
back
■
X Southern Bell Telephone 8c
for Federal
income and excess profits taxes, $79,742; accrued liabilities, $435,538;
other current liabilities; $148,490; reserve- for contingencies, $655,500;
reserve
for deferred rental.
$3,250; common
stock (230,742 no par
shares),
$2,884,275;
surplus,
$4,138,782; total, $8,650,062.—V. 159;
payable
-
.
Company's
mately, $11,630,000,
deposit,
X XXXXXX-'
*
Liabilities—Accounts
^
manufactured by the company range in horsepower from
principal output has varied, from time to time: between
marine engines and-engines for/ industrial use on land.
Prior to 193ft
its principal sales volume was in marine engines.
Between 1930 and;
1939, sales were predominantly-for various-industrial land uses.
War
Conditions have greatly increased the demand for the company's en¬
Its
-
Net
,
$608,755;,,marketable secur¬
ities
(at current market quotations); $1,881,458;, U. S. tax savings
notes, $245,611; accounts and notes receivable
(trade, less reserves).,
$1,285,658L inventories, $3,094,106; other current assets, $90;137r postwar refund of- excess profits tax, $12,575; nom-current investments and
receivables (net). $228,134; property, plant and equipment (less re-t
serves
for depreciation of $1,433,210), $1,056,622; prepaid" expenses,
$145,940;
patents,
trade marks and manufacturing rights, $1,066;
Assets—Cash,
governmental, industrial and private use,
gines.
under
that
:
New York on Dec. 18, 1902, to carry
conducted since 1895 by an unincor¬
of the company has
The engines
33,683
—
surplus-"^
the same six months last
was incorporated in
business which had been
the
100 to 1200:
:X 3.790
v-,
month of June show an in¬
of 13.80% is reflected
year.—V. 160. p. 52..
June. 1943, and an increase
arrangement.
com-,
y—y
shares)
($1. par )
Paid-id-
the-authority of Federal statutes.
Hbwever, it is not
such renegotiation will' affect materially the income,
presented.
■
X
XX"X X?X; VX-'. X-X.
contracts
expected
stock; (66.062 no par
stock
Common
renegotiations of * Government
Subject to adjustments/on account of
.
$1.05
1944, are
risks
pensation
3,809,500
6,500
y
workmen's
over
combustion engines
both at sea and. on land^
At present the company is concentrating on the production of marine
and commercial engines,- including the Admiral, a high speed engine of
800 to 1200 (depending on supercharge) horsepower,;'which is beingused by the United States Government and foreign governments fop
use
in. swift motor torpedo boats and similar craft under licensing
343,337.
143,691 X 135,720
56.683
y . 21.771
r
;
payable—
for- self-insurance" of
Preferred
for the year ended April 30,
,
—
liabilities
current
.
under June, '1943, and a
months under the same
porated company of the same name.
The business
.
been and is the manufacture and sale of internal
430,926
„
'
department net sales for the
of 6.03%
;;i Company
,*
4,550,000
"
payable^
expenses
Reserve
179,780
$1.54:
$1.42
$1.52
company's profits
NoU—The
wages
Other
on
stock
capital
„
•
payable and. accrued
Trust
$251,862
.
Earnings
contracts
war
taxes
Salaries .and
100,000
86,032
180,000162,200-'
222,538
,446.825
for contingencies-'
Prov.
'
—1—J:
profit
;
six
the
for
shown
is
79.75%
of
decrease
a
year.
& Co., Inc.,
Lilienthal & Co. on
July 12 offered 204,075 shares of common stock (par $1)
at $3.75 per share. Of the shares offered, 180,850 shares
are
now outstanding and the proceeds goes
to selling
stockholders and 23,225 .shares are being sold by the
company, proceeds to be used for working capital.
1,447,901
.
i
Sterling Engine Co.—Stock Offered—Burr
$2,235,434
,
Sales Up 3.39%—
Dempsey-Detmer & Co. and Hirsch,
Estimated
in¬
less
income,
liability for Federal taxes on income
and for refunds in connection with renegotia-
last
the six months over
for
pavable on common stock,,
the
88.10%
of
Furniture
$9,586,85.1
.
$6,175,000
/
628.933
31,785
payable to, banks
Accounts payable
reflect
crease
X
Notes,
$307,937
$557,038
$910,235
$737,282-
__L——
'
.
of
period
642,896.
1
44.326
X
sales
1944,
decrease
on
Dividends
Profit
r
/ 11,250;
5,763,247.
• 50.250
175,500
—
$2,309,710
2,001,772
more
even
1944—Month—1943 " 1944—6 Mos.—1943/ >
$429,941
$415,851
$2,580,159 $2,393,726
electrical appliance department for the month of
sales
Net
2,555.853
/
Liabilities—
Gross
drill
to
continued and "this
wells than last year."—V. 159,-'
Sterchi Bros. Stores, Inc.—June
June,
J-
—i——X-.—^
—
and exploratory drilling
possible is being
expansion
X
~
'
r
4,512.112
U. S. Government Treasury bonds
1
50,250
Post-war refund of Fed. excess profits tax (est.) X
420,000
"Property, plant and equipment
785,071
Intangible assets.
'
/X l
Deferred charges
—
„ 38,778
5,470,712
X'""
„■
■
-
X
X'X
'•
$7,780,422
6,417,443
.
'
(net).
>t
*
extensive development work
this
made
expect
we
Net
$343,534
2,809,850
3,769,620
notes
tax
rate of about 10.000barrels a day in 1943,day in 1941. Mr;
449 barrels-per
and
1942,
Period End. June 30—
' 1943
1944
$1,931,985
Inventories
Selby Shoe Co.^-Earnings—
Gross
Government
S.
"Note-receivable'
X.'
.
63.570*
^
X'X
Balance Sheet, April 30
'"
^
Accounts
."<
'
t
,
for
'
.
in
1191.
p.
income.
on
Assets—
;■
2678.
p.
#
has
that
added
in the balance sheet as of
figures shown
.
33.031
April 30. 1943,
surplus for the
year ended that date, which in certain respects are at variance with
those previously reported by the company, have been adjusted to give
effect to the proposed refund under renegotiation of war contracts,
and to other changes arising therefrom, principally adjustment of taxes
T.
.
69,144,691 372,871,787
76,863,859
———
_
; $315,116'
accompanying summary of income and earned
the
Cash
gales
..•He
which
refunds of $244,500 In l94d. and $175,500
tIncluding interest of $207,253' in 1944 and $101,706 in 1943.,
Note—The
and
1944—5 Mos.—1943
1944—Month—1943
day
per
Holliday stated.
-
'
Co.—June Sales Increased
Sears, Roebuck &
Period End. June 30—
.
•'
'•
y
.
barrels
"After deducting post-war
in 1943,
contingencies, $699,124;.: capital
stock (1,244,383 no par shares), $4,977,532; paid-in surplus, $434,007;
earned surplus since Jan. 1, 1932, $4,097,062; treasury stock (10,146%
shares), Dr$ 131,125; total, $15,308,019.—V. 160, p. 51.
•'
' $849-;988
33,031
127,14Q
—
Common dividends
for
reserves
—
year,
production at the present time is at a
a day, compared with an average of 5,650
/ barrels
1,868
last
employees.
to
report
it did
as
twice as much crude oil per day
President W. J. Holliday revealed in ar
is producing nearly
company
year
year
accruals, $927,779; current portion
of notes payable to banks, $420,000; reserve for Federal income taxes,.
$393,580; deferred liabilities, $3,040,000; reserve for contingent Federa
$450,000;
con-
,
"
dividends
Preferred
Liabilities—Accounts payable and
taxes,
rpf und. in
(net)
income
Net
Association
$7,-
companies, $301,330; investment in Kettleman North Dome
(net), $1,169,028; properties, leaseholds, concessions, plant, etc.,
410,791; deferred assets and charges, $172,844; total, $15,308,019.
income
and
Income
on
tOther, income charges
this
Net
161.602
119,975 X 163.590
*
1
3,917,507
3,671,178
142,558 X /; 48,969
renegot. of war contracts
with
nection
$1,954,985; U. S. Treasury certificates, $2,000,000; ac¬
counts receivable, $1,554,429; stocks of crude oil and gasoline, $37,845;
materials and supplies, $706,766: investments in and advances to other
.
taxes
♦Federal
31, 1943
Consolidated Balance Sheet, Dec.
Assets—Cash,
The
17;312,33l
v
549,514"
196,234 X
•
(Ohio)—Crude Output Doubled—
Standard- Oil Co.
1943 X-
X
1944
,
—'$28,065,965 $22,422,299'
sales
the executive committee^
Secretary.'—V. 160. p. 52..
.
'
Net
V
X
J. E. Lindroth has been elected Secretary of
,
succeeding A. C. Minton, who has been made
1,659,319
2,127,555
_//
——
etc
deprec., amort,,
for contingencies
for deple.,
Prov.
Standard Oil Co. (N. J.)—New Secretary—
General Manager of the Washington branch, also were named
150, p. 1157..
XX
Zilllox,
Vice-Presidents.—V.
^2*J21*S5i ^t'Jsn'Jio
————.—
new Navy contract.
• v.X"'"v
4.
the company completed 32 wells, bringing its. com¬
pletions to 187 for the first half of the year.—V. 160, p. 52.
wells, under the
Elk Hills
During:, June
/
Vice-President.
a
eight of the proposed
The company has begun drilling operations on
300
retail division,/'
General Manager of "the company's
Brunn,
'
3,643,728
——
J.
,
Vice-Presidents—
(W, '& J.) Sloane, New York—^New
David
Op^?SgrSen^
Elk Hills Reserve—
51.
plus,
stock
liabilities for materials
under
co^st-
contracts,. $258,351; U. S. Government "owned facilities
reserve for post-war rehabilitation, $175,000; com¬
$44,825;
(par
$1,327,510;
$1),
$426,775; capital surplus,
total,
$9,910,800.—V. 159; p.
$274,725;
1805.
earned
Sur¬
»
Volume 160
Number 4299
THE COMMERCIAL & FINANCIAL CHRONICLE
231
Stewart-Warner Corp.—Unit Buys Mills—
The
Bassick
Consolidated
of
Co.
Bridgeport, Conn., a subsidiary, has purchased
Mills in
Winston-Salem, N. C., and the line
of jigs, tools and dies of Sack, Inc., of
Cambridge, Mass., George L. ¬
Meyer, Jr., Vice-President of Stewart-Warner and Chairman of the''
the
former
Board
of
;
Inverness
Bassick,
announced
July
on
property will start about Oct.
1.—V.
9.
159,
Reconversion
of
the
Tivoli Brewing Co.—To Pay 15-Cent Dividend—
A
stock,,
only
corporation
4J/2%
been tendered
of
terms
stances
demption
the
one
preferred
offering
states
of
the month
its
additional
stock
preferred
should
stock
later
value
$40)
to
now
call
York
dividend
A
July
of
no
like
A
cents
50
stock,
22.
their
mail
of June,
However, if
redemption addi¬
fixed
at
'■
$41.50
and
it
share
per
Aug. 2 and Oct. 27,
share has
per
value,
par
amount
been
1
April
on
1943.—V. 159, p.
declared
Aug.
payable
paid
wa3
last,
29,
1598.
on
the
holders
to
1943
Cash
3622.
p.
previous
and
"records,
this
of
out
announced
was
express
last
corporation
LaGuardia
week by S.
and
record
May
on
Express
Traffic
Manager.
The
total
Coast.
of
TWA
express
E. Russ, Eastern
record
planes
between
carried
258,013
the
pounds
month.
The
of
from
1944
toll8___-_--_____
Operating
and
Depreciation
Administrative
and
$256,985
—__
_
1943
$202,146
maintenance
*1
___
Taxes
other
Interest
than
47,071
expenses..
47,509
i.
:
10,360
XX'
■
*
Profit
Other
Total
Federal
;
income
income
Net.
profit-
Preferred
'
" ts
—
shares
—V.. 159,
class
slock
A
0
$51,743
and
$14,238
20,745
stock
:
;
from
Funded
and
2458.
p.
t
Sept.
*
7
.
,
'
.
35
stock.
common
Special
$1,108,168
324,900
General
Balance:
Sheet,
and
Dec.
*
1
,'»
,
,
f
-
f
\
'
'
-
\
'
\
1
\
$1.45.—V.
15,
u
*
_
,
t
"t
',
Operating
revenues
expenses
cash
Other
taxes
Property
S.
:
retirement
219,306
X Net
H
and
car-service balances
bal.. receiv.
409,450
from
agents
(Dr)
into
income
(net)
and conductors-
275,011
67.500
243,000
——
1944, company disposed of
160, p. 156.
its entire
investment
in
the
Scheduled
on
,
315,157
152,263
receivable
current
Deferred
3,534
11,619
26,738
~;Xxl~X~Xi.~±*.XX-XX-XX-
26,738
assets—
173
assets
681
154,337
14,893
140,674
has
Utilities
called
-
to
Capital stock
Long-term debit
single class
a
will
be
Traffic
-
and
!-^.XL
car-service
balances
following
simplify
Interest
835,711"
matured
Unmatured
1,000,000--
.
*
Other
$3,408,579
446,343
506,921
dated
117,036
129,240
directors
3,525
3,529
10,838
accrued
__i
of
liabilities
current
:
69,801
XX.
12,184 ;
Unadjusted credits
2,013,920
of
(par $5).
holding
The plan
stock¬
stocks
states
that
the
v
/
share
one
of
preferred
$2.75
or a
•
y •
total of 190,658.4 shares.
preferred,
or
total of
a
•
1,
in
total of 7,406 shares.
or a
amounting
conversion
shares not required
to
of
under
purpose
1935, governing such
to
as
(a)
such
for
stock,
new
issue
for
required
Jan.
of
.
152,853.8
bonds
the
shares,
149,082
to
the
supplental
will
extent
trust
be
shares
indenture,
conversion, or (b) by the board of
for such conversion.
capital of UPU will be stated at $1,754,590, which is the aggre¬
gate par value of the 350,918 shares of new stock.
The difference,
namely $6,061,710, between the present aggregate capital ($7,816,300)
468,453'
56,778
;«,*•
liabilities
stock
common
its
of
rights of its
and common
The
45,100
605,061 !\
,V
...
reserved
are
9,375
45,100
liability
structure
,
4,872,000
payable______
wages
follows:
as
corporate
basis:
for
balance
$5,415,000
unpaid
interest
tax
Deferred
21,786
and
the
for 50 shares of common,
share
4,872,000
Miscellaneous accounts payable...
accounts
1
$5,415,000
fCr)
Audited
summarized
are
modification
no
shares
2.2
The
i
the voluntary plan for
7 on
stock.
2.4 shares for one share of $3
*77,
.
Corp.- -Hearing
hearing for Aug.
a
transactions
proposes
the
on
54,617
$22,718,491 $22,095,479
Liabilities—
4,424,794
$3,680,917
28,421
Public
outstanding bonds inasmuch as it
is contemplated that all of the bonds will ultimately be retired out of
the proceeds of the collateral securing the
bonds, or partly by such
means, and partly by refinancing.
It is proposed
to change the authorized capital stock of UPU to
500,000 shares of new stock and to issue 350,918 shares of new stock
in exchange for the presently outstanding preferred and common stocks
543,810
supplies—,.
dividends receivable
Other
1942
'
^
11.
proposed
there
24,178
■
145,758
and
and
Accrued
operating• revenues.
Other
bonds
company system
and to redistribute the voting
holders by reclassifying its outstanding preferred
199,752
11,244
1,226,493
•-V-".Y-' V
July
shares.
852,769
.
67,500
$14,000,574 $14,280,122
UPU
174,823
\
1,000,000
appropriations..^
113,366
260,958
399.
p.
The SEC
$20,123,014
474,095
;
5,314,087
—
reserve
364,531
97,380
499,264
of its & other taxes
excess pi
mortgage 6J/2%
United
1942
deposits
1,683,455
>
bonds
on
income,
United Gas Improvement Co.—Sells Manchester Co.—
The
1943
]
inves'tmentss
Rents
159,
$12,531,227 $10,895,577
—
:
—
5,449,500
charges, includ¬
591,996
reclassifying its capital
543,014
rT ^' •' s ?
,
1943
Operating
Federal taxes
accrued
Plan—.
31
Material
Texas Electric Service Co.—Earnings—
Calendar Years—
1,267,207
payable
158,
On
324,900
Dec.
Miscellaneous accounts receivable.
a
each;
cents
and
Manchester Gas Co.—V.
;
.
\
15,
50,000
246,759
1,334,994
_____
Total
-V.
223,201
$685,408
Unadjusted debits
15
declared
12
surplus
370,214
$1,3131,369
$20,769,089
June
July
Dividend
484,852
228,579
;
Temporary
Traffic
on
earned
payable
Reserve for
$846,517/
■:X\:}XX;;Xre¬
Interest
directors
'
'
income-
gross
dividend of 35 cents per share
on the 7%
first preferred stock, par $100, payable Sept. 15 to holders >;
of record Aug. 25.
A similar distribution was made on March 15 and
June 15, last.
In 1943, the following dividends were paid:
March 15,
The
1,960,300
50,000
3,049
52,681
XL
Cash
Telephone Bond & Share Co.—35-Cent Pfd. Div.—
V
$4,500,000
1,803,725
debt
Accounts
71,917 ;
declared
Assets—
Net
V
5,042
investments
20,745'
$0.55
shares
24,000
$4,500,000
4,442,500
Consolidated
73,566
21,038
Dividends
2238.
p.
shares______
,874,656
$913,987
Deductions
$35,276
43,949
—
class A and com.
on
shares
preferred
$777,650
Non-operating income
965 :
$95,692
_
"Earnings per share
preferred
t
dividends
"32,184
1,169,588
y
facility rents, net credit.
Comparative Condensed
1'
-
cumulative
shares
1,944.856
$34,311
844
acdrued—
taxes
'f
,
^
-
$94,849
—__—_
2,000
«
—
;
State
and
6%
non-cumulative
General
2,113,856
:
1
,
■
—
income-—
A
B
Capital -surplus
$861,306
10,478
142,091
$14,000,574 $14,280,122
Class
30,994
Financing costs amortized.—.;—.;-—:—
'k
Joint
152,526
Tax
:
Commcn
.
28,744
_
Profits
$3,597,162
Equipment rents, net debit—„
17,871-
Excess
Class
1942
$4,076,226
$792,782
32,675
-16,993
______
the
under
;
Liabilities—
28,308
,
33,827
_
general
income__„
bonds
on
25,142
1943
:
190,527
141,446
39 500
refund
Accrued interest
f
754,485
153,151
ing meter deposits
Railway operating revenues--—Railway operating expenses
Railway tax accruals
684,533
136,380
mail
repre¬
27%
over
June, 1943, When TWA
188,589 pounds of mail and 166,554 pounds of express, making
of 355,143 pounds of cargo.
•
calendar Years—
276,397
750,336
New
air
figures
800,982
553,811
693,432
Act
which
-
6 Months Ended June 30—
securities
reserve____.i,
Total
during
1943
556,963
discount
Post-war
Toronto, Hamilton & Buffalo Raihvay Co.—Earnings-
Income
in marketable
receivable, less
was
1,~.
Tacony-Palmyra Bridge Co.—Earnings—
banks
in
charges and prepaid expenses
Stores and spare equipment
2568.
p.
and
Deferred
than
more
1944
$10,575,556 $11,276,581
hand"
on
Bond
during
...v.;
that
reported
pounds of
increase
:
Inventories
carried
Field
new
Sheet, March 31
■"/
Investment
The
record-breaking figures include cargo carried on all flights,
including the regular passenger schedules.
The two all-cargo flights
carried
207,788 pounds of the total, however, although the second
daily all-cargo flight was only placed in service July 13.—V. 159,
class B
of
Russ
an
carried
a
and
the West
235,032
sent
-^0;
Mail
and
Mr.
time.
for
Superior Portland Cement, Inc.—50-Cent Dividend—
common
In
147,
principally through the use of stripped cargo
recently placed in their transcontinental service
TWA-
•
this
at
elect
the call price is
stock,
(par
to stockholders.
Under these circum- "
that it does not intend to call for re¬
1947.—V. 160, p. .52.
1,
shares
of
of
Balance
Assets—
common
10.
achieved
directors
preferred
until Jan.
175,695
all
pounds
355,143
Regional
recent
of
that
the
on
Transcontinental & Western Air, Inc.—Breaks Records
have
company
any
board
tional
announced
share has been declared
per
$1, payable July 31 to holders of record July
distribution was made, 30 cents on Dec. 10.—V.
redemption at $40 per share in accordance with the
for
the
the
13
convertible
cumulative
:
July
on
cents
par
Breaking
The
15
Accounts
Sunray Oil Corp.—175,695 Shares Tendered—
-
of
mill
1805.
p.
dividend
1,794,744
applicable to preferred and
($1,754,590) applicable to
common stocks outstanding and the capital
new
stock, will be transferred to paid-in
surplus.., The book values pf investments in subsidiaries of UPU will
be restated at a reduced amount which will be equal to the underlying
'
Appropriated surplus:
,
$3,709,337
; Gross income .....
___'—
JSfet interest and other deductions
1,824,02Q'
Total:
Common
$1,864,844
——-
850,000
.____—u.
■
Balance Sheet, Dec. 31',
1043
y:;y..
,
'I*
Assets—Plant, property and equipment, $75,281,805; cash in banks
<on demand), $3,395,423;
special deposits, $862,238; working funds,
$20,465; U.. S. Govt, securities, etc., $4,057,944; accounts receivable,
$619,134;
materials
and
supplies,
$427,930;
prepayments,
$32,779;
other current and accrued assets, $17,511; deferred debits, $1,317,809;
reacquired
stock
capital
(2,387
shares $6
preferred),
$237,053;
?
.
been
—A
cumulative preferred stock (65,000 shares no par),
stock - (6,000,000 shares no
par),
$30,000,000;
$33,730,000;
accounts
payable, $239,363;
dividends
Liabilities—$6
common
long-term
George F. Ferris, Chairman of the operating committee of
contractors
in
debt,
declared, $593,920; matured interest, $18,988; customers' deposits. $671,635; taxes accrued, $2,560,518; interest accrued, $899,181; other cur-y.
rent and accrued liabilities, $8,620; deferred credits, $37,914; reserves,
$8,719,667;
aid
in
contributions
construction.
of
earned
$161,064;
the
construction
elected
a
of
naval
Vice-President.—V.
for
fleet
and
air
the PNAB
bases
Pearl
at
156,
p.
•
effected
1423.
—V.
160,
stock
Fort
Section
of
Gas
Co.,
by
Westvaco
Report—]
Chlorine
of
thereafter
below.—V.
Corp.
159,
of
the
'
-
.
'
1943
1944
United Corp. (Del.)
£
$17,666,750 $34,954,633
Work executed
of
Cost
executed
work
Construct,
...
.
17,662,030
34,373,323
$3,922,519
$4,720
$581,310
259,188
3 Months Ended June 30—
1944
Income—Dividends
of
195.586
:*
$1,006,928
revert
i___:
__j_;
$1,007,450
76.985
133,153
8,663
8.660
$1,877,901
$865,636
>
Income
$8,32,665
112,700
51.800
49,700
^
,
Coal
may
proceeds from the sale of
Mining, Co.,
Dakota
Co.,
or
any
Public
under
the
successor
cor¬
shares
all
and
of
plan
stock
new
then
represented
certificates
stock
common
be
to
are
unexchanged
fifth
certificates
from
year
then
the
held
belong to UPU.—V.
for
additional
an
date
effective
of the
unexchanged
against
159, p. 2017.
three
plan
any
certificates
„■
•.*'*.•"
•
•
.
i-
.
■'
Shoe Machinery Corp.—Earnings—
from
;
Feb. 29,
associated
dividend
from
companies,
'44 Feb. 27, '43
interest
income
$3,449,463
$3,432,915
17,794,964
general operations
20,773,185
,
$1,963,550
Current expenses
Liquidating dividends
cash
Producing
_y
proceeds
and
other
inbome
Total
Taxes
Act.
or
Gas'
stock
feasible
is
of
the
Years Ended—
and
,
$960,239
523
....
Total ;
River
new
v
1942
the
of
securities
preferred
such
"Dividends
1943
$1,963,550
Interest
$120,855
277,800
profit and fees earned
Oper. and general expenses
*
3.801,664
the
as
holders
United
(& Subs.)—Earnings—
1942
be
invest¬
market and the proceeds, together with any dividends
paid thereon (less expenses) will be held for the benefit
After
years.
2239.
p.
sub¬
will
open
theretofore
;
Comparative Income Statement for Fiscal Years Ended April 30
X
Knife
and
Inc.—Proposed Sale of Subs.—
Products
(1)
of
Southern
:
in the
is to
See
Thompson-Starrett Co;, Inc. (& Subs.)—Ann.
(b)
Co.,
unexchanged
sold
balance
United Chemicals,
;
11
distribution
surplus, $2,174,221; total, $86,270,091.—V. 160, p. 124.
-
the
of
reserves
totaling $564,755) and, secondly, against
created
by
the restatement
of
capital.
The
paid-in surplus will be available for charges for any
dividends paid in cash or in kind to effectuate the pro¬
Smith
soon
the largest trade, 10 the smallest.
was
of
values
will be made ever a
period of two years from the effective date of the plan, upon surrender
of UPU's outstanding preferred
and common stock certificates.
Aa
53.
p.
books
investments
book
surplus
Distribution
July 6, at $26 per share with a commission of 50 cents,
by White;-Weld & Co. The sale was completed in the;
elapsed time of 24 minutes. There were 186 purchases
by 47 firms; 3,000
the
net
such
include the
Service
common
by
against such
Reductions in
certain
of
liquidating
visions
the New York Stock Exchange
on
shown
as
$1,000,000
-
Fox Film Corp.—Special Offering
special offering of 24,000 shares of
was
of
porations.
Twentieth Century
total,
investments
reserve
aggregate
paid-in
balance
Harbor, Midway, Wake, Guam, Manila and other points in the Pacific, :
,(no par)
$6,455,000;
will
a
$2,392,369 and will be charged: first, against
earned surplus available at the effective date of the plan (after pro¬
Turner Construction Co.—New Vice-President—
.
has
$86,270,091.
w
the
for contingencies.
the
•
of
and
ments
$22,095,479
375,678
'X~X-X---~-*~-~xXX~X;-:' 1,100,000
dividends
$22,718,491
157, pi 2158.
$1,606,346-
375,678
dividends
values
sidiaries
vision
-V.
Preferred
book
461,807
8,307,324
provided
$3;430,365
1,844,494
.
;5:Net income
461,807
8,659,963
$960,239
V
r
113.032
14.542
-
-
Federal income
Estimated
and
excess
post-war tax
$21,244,426 $24,206,099"
-
profits taxes
refund
12,500,000
15,300,000
Cr850,000 Crl,200,000
*
1,850,000
2,200,000
$7,744,426
$7,906,099
Contingencies
'
Net
Other
■
(net)
$322,122
"$74,731
98,614
76,116
$420,736
"$273,030
—
$1,385
55.680
profit
operating
income
'
income
Net
Provision for Federal income
-
Net
*
,
Note—No
necessary,
tthe
'
.
'
- ■
.
taxable
for
the
period.,
'7 .." V 7-
—V.
provision for Federal income and excess profits taxes is
the operating loss carryover from previous years exceeds
income of
Assets—Cash
in
the current year.
banks
and on hand,
$654,466;
1944
160,
$1,765,201
$268i271;
"Net
accounts receivable,
'
prepaid
expenses,
earnings
after
charges
and
P.
non-current — in process of litigation,
$5,194;
investments,
$462,436;
total,.
payable, $1,233,517; accrued expenses, $20,401;
reserves
for
claims for personal injuries,
$71,000; preference stock
<36,896 no par shares r, $1,397,725;
common stock
(584,945 no par
shares) $584 945; paid-in surplus. $1,170,820; accumulated deficit from
operations, Dr$l,278,610;
also after reserve
(Before
income
Associated
Oil
Co.—Brings
Years Ended March 31—
Profit
from
Interest
Bond
July 6 announced completion of Jacalitos discovery
■well No 27-16
located at the northern end of the San Joaquin Valley,
rust south of Coalinga, Fresno County. Calif.
This discovery, which
is considered
an
important one, is the second discovery well com¬
pleted by the company in California within the past seven weeks.
The company owns in fee in excess of 2,000 acres in the vicinity of
the new well, winch is said to be flowing at the rate of 1,478 barrels
per
company
on
day of 33 degree gravity
oil, with no water.—V. 159, p. 2239, 2015.
income
taxes
$1.000,000.—V. 159,
(&
on
operations_____
1943
1942
$1,389,106
$1,592,203
'
bonds_._____
discount
for
of
~
depreciation
plants
erected
£ubs.)—Earnings—
1944
$1,582,692
•
288,938
27,306
*
302,795
27,451
^
•
311,804
26,056
252,252
for
Cash
253,047
Net
,
profit
Prov. for inc. &
Refundable
Prov.
notes
147,708
147,417
for
$929,778
excess
portion
300,000
Cr2,00Q
91,000
50,000
50,000
$368,778
thereof__.
future price decline
$658,105
507,500
Cr37,500
profits taxes
ventory value
$310,105
$421,517
270,000
270,000
270,000
$856,517'
385,000
Net profit
dividends
______
-
-
-
$8,123,316
30,492,552
21,879,789
6,255,157
10,995,151
13,582,674
12,873,798'
36,149,864
;
43,617,052
400,000
——
assets
Total
of excess profits
6,581,868
1,600,000
tax
—-
-
400,000
723,335
6,549,701
Corp..
Shoe Machinery
refund
6,969.322
995,814
-
Stock of United
.
Liabilities—
1,200,000
$111,811,063 $115,951,154
-
'
-
.
payable and accrued
for
17,800,625
8,421,319
58,239,726
10,597,700
9,906,018.
58,239,726
10,597.700
15,003,005
16,558,817
Common stock
stock
(2,329,589 no par shares)
(423,908
Surplus
Total
$2,848,268
15,749,201
Reserves
-V.
.
expenses__l—$3,800,111
taxes
_1
Provision
Preferred
in in¬
"
Preferred
.
12,288,355
•
__
rights
Post-war
from'
$6,084,469
_*
receivable
properties
Accounts
v
securities
and
Investments
250,409
84.417
Sheet
-
-
Patent
$3.27
1943 received
Feb. 29, '44 Feb. 27, '43
Marketable
Deferred
$3.20
»
—
1944 and $1,326,484 in
companies.
in
Assets—
Accounts
338,923
7,179,327
war
-requirements
In Another
'
share-
$1,402,188
Inventories
United Fuel Investments, Ltd.
-
•
The
Earnings per common
Plant
Amort,
Water
tAfter
taxes.
for deferred maintenance of
2458.
Provision
total. $3,199,798.—V. 159, p. 977.
Discovery Well—
387,279
7,183,830
—____
Comparative Balance
July 1, '44 July 3, '43 July 4, '42 July 5, '41.
'
*$5,955,000 t$3,786,000 t$9,941,000t$10,729,000 •
all
"Approximate figures.
-
Liabilities—Accounts
Tide
8782,965
dividends
dividends
"Including
$3,199,798.
•
J $813,836
156.
p.
6 Months Ended—
receivable
accounts receivable,
$159 699;
income
United Fruit Co. (& Subs.)—Earnings—
30,
Johns River Shipbuilding Co., $203,064; miscel¬
and accrued interest, $4,842; unbilled
costs
and
related fixed fees under contracts in progress, $988,964;
marketable securities (less reserve of $10,607 to reduce to market value),
accounts
Net
Preferred
directly owned European
$452,862; due from St.
laneous
income
as
Consolidated Balance Sheet* April
,
tax
Common
Net
'
•jy "Loss.
~
"$217,400
income
shares
no
par)
______
—
___.
159, p. 2458.
.$111,811,063 $115,951,154
7
company's
24,289-ton
the Wash¬
of negotiations for a
Harris. President, on July 21 announced that this
against the Government for the loss by fire of the
liner Manhattan and the requisitioning of her siseter ship,
Basil
claims
have been settled after almost two years
of $19,200,000,
ington,
total
sum
not
known that the company
three biggest ships when
settlement it became
regain possession of its
the
announcing
In
does
expect
to
line also operated the 27,000-ton
she was requisitioned in May, 1941, and converted into
West
Point.
Adjustment of claims for
the America
the
last
The
ends.
war
yera.
America until
the transport
were settled
.
ships were seized, several attempts to adjust
the company's claims have been broken off because of disagreement
over
the just compensation clause in seizure proceedings which bars
enhancement in ship values over 1939 values, that might be traceable
to
the war.
The United States Lines argued with other shipowners
whose ships have been requisit.oned that tne value of tne ship at the
time of seizure should be paid.—V. 157, p. 2260.
the
when
1941,
Since
notes
and
subsidiaries operating in foreign territories,
$4,453,921; investments in affiliated companies, $4,851,520; land. $54,347,128; buildings and equipment on owned properties (less reserves for
depreciation of $43,540,522),
$49,233,883; leaseholds, building and
equipment on leased properties (less reserves for depreciation and
amortization of $11,666,160), $10,040,182; other assets, $3,146,382; de¬
ferred charges, $2,255,268; goodwill, $8,405,081; total, $189,120,352.
has reached
000,000
•V.
produced in building wire for the year 1941.
4,000,000,000 feet was produced with the new method of manu¬
which employs a liquid rubber latex.
It was developed at
the
company's
Bristol plant and perfectly centers the conductor
within the insulation and eliminates as far as possible many of the
defects and short circuits by improperly applied insulation.
According to figures made public today, more than 2,567,000,000
leet of this wire was of the osault type, used as a conductor in all
front line communications work.
Some insight as to the demands for this type of material may be
seen from the following figures.
During 1942 more than 1,222,000,000
feet were manufactured at the Bristol plant alone.
An increase of
This
facture
the
stock,
common
Dividends—
$1, payable July 31
par
and Oct.
19
Operating
Other taxes
7,661,606
1,413,279
2,714,272 '
142,761
1,578,251
sales
118,267
105,525
1,433,908
1,239,730
150
of
As
150
1,800
$5,286,560
$418,630
342
590
12,618
8,845
$303,662
$419,220
$5,299,178
charges
166,818
226,091
2,033,271
2,688,866
-
for
stocks
pfd.
to
$2,265,907
Wickwire
notice
of
E.
12 by Ward M. Canaday, Chairman.
July
followed
election*
to
of Collateral—
approval at
of
holders
the
at
dated
trustee,
release
the
for
the
Jan.
of
stock
common
The
indenture.—V.
trust
shares of
Virginian
159,
made application to
has
1937,
1,
56,616
of
the par
Co.
Ry.
of $25
value
pledged
under
2459.
p.
supervising
once,
its
huge
production
war
157.
160, p.
$4,313,000 $19,741,000 $21,293,000
and
Bank
Trust
Co.,
by
certified
a
bid price.—V.
160, p.
check in
j
profit
14, '41
$101,872
$200,461
$154,343
$194,297
$1.43
j.
.4
$1.65
$1.18
$1.42
Earns, per com. share-..
depreciation, Federal income and capital stock taxes and
1942
1941
i,
Operation
$20,299,142 $10,923,805
1,975,514
1,934,648
net credit—
107,789
118,896
income
Federal
$5,757,333
„
—i-
i
—_
(other than Fed. inc.
excess-profits
Note—Bank
Rire
operating
Joint
income
eoulpment. net debit
of
rents,
facility
taxes
other
which
loans
at
the
close
of
1943
amounted to
$360,000
1193.
Net
operating
Other
1,683,703
—
150,356
income,
$18,431,417
315,179
income
Gross
$4,223,986
227.388
3,541,175
—
237,718
$9,345,770
3,546,263
$4,451,374
3,756,226
$15,205,421
net_
$9,108,052
$18,743,596
income
operating
railway
Other
—
fixed
-
Net
$5,799,508
$695,148
-
charges^-
—
income-a.—
income
$9,304,392 $57,269,793 $53,884,012
$9,632,061
—
other deductions
'■
M>V
;
,
(John) Wanamaker & Co., N. Y. & Phila.—To Expand
is reported to be planning to open
company
midtown Manhattan.
Liberty St., and
stated
was
—
—
Cash
——
——
investments
Temporary cash
deposits
Special
—
Dec. 31,
Sheet,
Rents
receivable
Other
current
—
receivable—.——
—
—
...
assets..—
Deferred assets
—
Unadjusted debits
——
—-——,:
——
Total
stock
that
150
the
It
a
department
new
recently leased the ground-floor store
Broadway, New York City.
does not intend, now
or
company
to
156.
later,
stock
aid
in
Grants
($100
Woodward Iron Co.—Earnings—
Net
and
car
—*-—
—
companies
and
:—
:
2,656,638
3,515,746
362,938
2,340
32,833
53,987
Pictures, Inc.
26 Weeks Ended—
rental,
Subs.)—Earnings—
(&
Feb. 28, '42 Mar. 1, '41
Feb. 26, '44 Feb. 27, '43
etc..:
Rents from tenants,
etc.
profit
1,129,325
666,507
26,057,144
27,372,694
4,008
9,945,715
649,674
22,516,154
1—
10,232.815
326
10,092,017
326
25,433,698
——
Tax
liability
Other
—
—
liabilities
current
*
——
—
liabilities
Unadjusted credits
surplus
—
$67,115,006 $61,220,407 $56,432,210 $48,905,993
2,514,004
2,189,461
2,115,404
2,103,867
Additions
to
debt retired
Funded
Sinking
fund
inc.
reserves
and loss
Profit
and surplus
through inc. and surplus—
property through
—
(deficit)....
649,674
rofit
—.—
$63,403,868 $58,547,614 $51,009,861
$69,629,010
and exps._
53,215,629
43,304,451'
47,817,102
46,200,670
Total—
225,208,533 204,661,033
...
—
1
Profit, aft.
film
and
amor.
deprec.
property
Note—Earnings for the first half of 1944 are
Federal
from
excess
tax.—V.
profits
2,273,004
Interest
Prov.
$10,730,512
$7,705,409
2,298,539
2,255,671
1,605,140
1.628,668
Gross
525,000
$16,413,381 $17,209,199
414.000
Oper.
2,266,126
1,157,539
1,264,682
5,628
9,184
for contingencies.
exchange
Foreign
and
Loss
exch.
adjust., net
sale
on
of
Western Union Telegraph
Period End. May 31—
Fed.
Net
fixed
assets
255,036
*»rofit
....
income
$12,722,174
$6,401,834
$13,669,206
284,503
515,548
__
on
income,
and
234,459
$3,407,071
376,956
1944—5 Mos —1943
1,739,930
9.436.249
6,807,149
417,000
519 000
♦3,917.000
"
aft.
taxes
surtax.
745,891
3,011,435
2,747,139
551,366
chgs._
on
income for
For
five
-
1943
months
were
of
limited
1944,
they
to
estimated normal
comprise such
taxes
for estimated excess
The provision for excess
using a propor¬
tionate part of the estimated tax credit for the year 1944, but whether
an
excess profits tax
will ultimately be payable and in what amount,
if so, will depend on the taxable income for the year.—-V. 159, p. 2570.
addition
in
and
profits tax,
provision
—$13,237,722 $13,953,709
interest—....
10,5^7
12,509
Minority
Federal
taxes
for
Prov.
fixed
on
9,237
$3,784,027
5,483
$9,800,000
t2,825,000
996,000
$3,492,125
$4,141,200
$3,802,056
$2,782 544
9,110,000
unreal,
$6,636,293
of
about
$2,182,000
after deducting post-war refund.
losses
assets
625,000
Westvaco Chlorine Products Corp.—Expan.
This
Net
profit
Preferred
^Earnings
divs.
paid—
......
191,340
191,764
per
share...
$0.94
$1.06
$0.97
♦Exclusive
and
-——
of
$288,552
in
1944,
$293,003
in
1943,
95,882
.;•*
$317,863
$0.70
in
1942
$347,629 in 1941, in respect of studio properties charged to fPm
tlncludes $700,000 for possible excess profits tax.
tlncludes
costs,
provision
for
Federal
excess
profits
taxes
of
$7,110,000
in
1944
and
SB.100,000 in 1943 (after deducting $40,000 in 1944 and $870,000 in 1943
debt retirement credit and $750,000 in
war
refund).
fOn 3,701,090
common
1944 and
1943.
post¬
(after deduct¬
iary
/
a
Planned—
submitting-to their
operating subsid¬
proposal for Westvaco to acquire three
companies of United Chemicals.
the proposal is approved at stockholder meetings
called for July
31, the United preferred stock will be called on Sept. 1 at $65 a
share and accrued dividends.
United Chemicals will not be dissolved
for the time being-because of tax problems involved but will continue
If
to
hold
The
ucts
cial
—V.
ing shares held in treasury).
$30 000 in
shares outstanding
corporation and United Chemicals, Inc., are
stockholders
its
three
Co.;
stock
interest
companies to
in
be
Monarch Chemical
bakers:
and
Westvaco.
;
,
,
1.4%—
1944—6 Mos.—1943
$
$
35.164,739
—V.
159.
Power
2459.
p.
Electric
Yonkers
Parent Concern
&
Co.
Edison
136.
of
New
York,
;
1943
$10.067,861t$15,152,904
3,437,979
1,921,597
1942
■
$6,002,437
$6,629,881 $13,231,307
270,274
234.427
~ 8,600.000
4,383,861
2,853,613
$2,945,155
114,797
Dr35,339
Cr242,788
<
advertising-
incl.
;
1944
sales_.
from
Report—
Wholly-Owned Subsidiaries)
(Including Its
Years Ended April 30—
expenses,
above.—V. 148,
Inc.,
•
'
Zenith Radio Corp.—Annual
Oper.
Co.—Merger With
Proposed—
Consolidated
See
34,686,015 203,927,604 200,368,126
Light
Sales
profit
Deprec. and amortiz. charged off—
Renegotiation settlement
—
Fed. inc. taxes and cap. stk. taxes
Prior
adjust,
years'
:
3,057,282
,,
1,436,097
of excise
(net)
Cr37,645
etc.
Interest
expense
——
225,077
$1,507,927 $1,637,049
492.464
492.464
$3.06
$3.32
♦After deducting excise taxes, royalties and cost of sales,
tlncludes
$6,995,142
voluntary
refunds and price reductions made prior to
Net
Cash
for the
paid
profit
$1,788,314
492,464
$3.63
year
dividend
Earnings per
common
renegotiation.
share
' /- ■V'-
-
Balance
Consolidated
Sheet, April
1'%'*
and
cash
$40,063,163.
advances
$3,187,572;
U.
S.
v'.""
creditors,
$6,502,620; customers, unapplied credits,
contracts, less cash in re=tricted bank
sundry payables. $84,083; accrued weees and
on
accounts, $12,200,640;
comoensation.
$1,701,655;
reserve
resources,
t.
Liabilities—Trade
war
dividend
payable
May
10,
excise taxes, etc., $456,743:
$3,609,910; earned surplus,
$40,063,163.—V. 159, p. 2681.
ro^alt^s,
(5C0 000
1944,
$492,464;
renegotiation and Federal taxes on income (less $3,600,000
notes,
series
C), $4,682,380;
other a-cruals, including
for
tax
propertv and
par shares),
no
•••'
i
30, 1944
$8.960,228i receivables, $8,577,425^
inventories, $12,761,989; exnend'tures relating to government contracts,
$5,379,639; other assets, $456,511;
deferred charges, $147,642; land,
buildings and equipment (Rss deduction for reserves for depreciation
and amortization of $964,174), $2,060,000; radio and television broad¬
casting stations, $1;
trade marks and good will, $1,719,728; total,
Assets—Cash
,
acquired by Westvaco are Barium Prod¬
powder for commer¬
making wood preserving agents.
Co., making baking
the Curtin-Howe Co.,
159, p. 2241.
>
estimated' to be exempt
♦1,793,000
income..
profits tax is be'ng calculated from month to month,
Profit
for general
1600.
1944—Month—1943
'
...
taxes,
1,518,691
income
on
Co.—Earnings-
1944—Month—1943
$16,007,392 $12,987,353 $77,511,615 $60,729,652
bef. Fed.
income,
taxes
♦Federal
tax
Other
revenues...
oper.
taxes
loss
SI.64
Woolworth Co.—June Sales Increased
(F. W.)
Period End. June 30—
p.
159, p.
$330,784
$0.98
$552,098
—V. 160, p. 54.
of
„_
1942 ;
1943
1944
?$398,581
;:
$1.19
profits taxes—
Operating
♦Amort,
'
v
and Fed.
charges
excess
the 336,223
♦Income
Gross
Cost of sales
after
shares of capital stock.
tAfter a reserve
contingencies of $180,000.
.■ ■
1
4,632,212
609,470
29,676,306
—...
—
accrued
'
Ended June 30—
and
♦Earnings per common share
43,987
payable
unpaid
interest
Unearned
Bros.
3,429,682
2,610,500
239,778
2,595
858.813
payable——
wages
accounts
matured
Interest
Unmatured
.
"service balances payable
accounts
Miscellaneous
47,500,000
28,300,000'
'
165,188
74,253,880 73,226,510
9,234,670
8,952,845
—
—
affiliated
to
par)
construction—
of
debt
Long-term
Deferred
2047.
Warner
deposits,
6 Months
47,500,000
28,300,000
—
Unmatured rents accrued
give v.o its store at Broadway and Ninth St., New York City.—V.
Film
$122,401; accrued taxes. $1,883,167; accrued interest,
$472,963; other current liabilities, $71,686; deferred liabilities, $59,624;
reserves,
$8,678,202; contributions in aid of construction, $268,510;
earned surplus, $2,431,163; total, $73,183,406.—V. 159, p. 2570.
!
.
SI.031,784; pre{
7% cum. pfd. ($100
stock ($100 par), $6,159,payable, $325,142; custom¬
long-term
ers'
♦On
par);..
1,740.598
862,750
$874,696; total, $73,183,406.
($50 par), $7,309,250;
$10,626,800; 6% cumulative preferred
debt, $34,775,000; accounts
par),
500;
^
'
($100
t
1943
materials and supplies, priced at average cost,
Liabilities—Common stock
4,190,463
225,208,533 204,661,033
——
—
:
•
■
investments, $1,210,223; cash, $2,-
paymentss, $96,784; deferred charges,
300,000
6,141,448
8,429,815
,
■
accounts
$22,769;
682,255
817,935
9,787,999
5,822,776
3,022,463
2,320,325
12,021
12,851
150,753 iv
151,426
1,776,840
2,580,785
;
186,885
1,365,773
——
supplies—.
dividends
and
Interest
receivable.
accounts
and
.
$1,536,847
Government securities, $1,055,460; special deposits, $10,and notes receivable (less reserve for uncollectible ac¬
counts and notes of $56,354), $662,879; due from subsidiary companies,
1942
6,302,000
6,003,340
—
1—
from agents & conductors
i-
.
_
■
$1,526,704
1,304 578
646,950
,
—
•.
——
U. S.
085,370;
179,718,914 172,647,204
9,135,249
8,310,049
——
_—
receiv.
balances
Audited
p.
$2,810,100.
1,273,253
1,388.987
...
y'.'r:
;
Balance
>'.j &
Investments
Debt
2459.
159,' p.
65
$2,777,394
* 32,706
$2,915,690
:
•
preferred dividends——
preferred dividends
6%
Sheet, Dec. 31
Balance
General
1943
Traffic
It
680,000
$2,867,080
48.610
—-
(net)
Net income
661;
*Vv
Assets—
Preferred
1944—6 Mos.—1943
1944—Month—1943
Period End. June 30—
Sales
at
851,400
819,200
615,100
tax
income
■;
7%
fixed charges—
for
Available
■V \' Liabilities—
Walgreen Co.—June Sales Slightly Higher—
in
—
Chgs. in lieu of Fed. inc. and exc.-profits taxes
Interest and
Net
Common
The
716,119
1,420,871
1,797.422
770,515
1,617,019
1,780.303
529,100
:
Depreciation
$7,331,658
1.574,342
,
—
and exc. profits)—
Maintenance
Federal
$22,545,845 $16,109,884
2,246,702
5,186,079
operating revenues
V
1943
1942
$13,627,498 $12,062,891
4,629,181
3,819,683
_
—
income
have been entirely paid off.—V. 159, p.
store
of the
,
Operating revenues
'
deductions.
—V.
10%
equal to
amount
an
157.
Calendar Years—•
Report—
$50,360,509 $38,537,320 $24,089,163
27,814,664 22,427.437 16,757,505
—
expenses
Railway tax accruals
Materials
June 10, '44 June 12, '43 June 13, '42 June
'24 Weeks Ended—
.
inviting bids
is
trustee,
as
purchase of $625,000
companied
1,453 wholesale accounts as ;
eariier.
The number of/'retail stores
159, p. 2459.
year
a
Hanover
3Va% equipment trust certificates, series
B, dated Jan. 1, 1937.
The certificates are due and payable $125,000 '
each Jan. 1 and July 1 from 1945 through Jan. 1, 1947.
Bids will be accepted up to 12 o'clock noon, July 20, 1944, at the
corporate trust department of the bank, 70 Broadway, New York 15.
All bids must be for the purchase of the entire principal amount of
certificates and accrued dividends to date of delivery, and must be ac¬
the
for
1944—6 Mos.—1943
1943
operating
Miscellaneous
*After
and its plans
vehicles.
program
post-war manufacture of light-weight, low-cost motor
the
Taxes
Net
Wagner Baking Corp.—Earnings—
"•Net
meeting of
on
Central
serviced
Railway operating revenues
serial notes says:
trust 5%
collateral
of
having retired $1,400,000 of its collateral trust 5%
all of series I and J thereof, secured by the col¬
indenture from this corporation to The Union Trust Co.
aforesaid
the
special stockholders'
a
Willyg-Overland stock to Mr. Sorensen over a five-year
period, as provided in a contract recently signed by him.
Mr.
Canaday, who continues actively as Chairman of the board,
said Mr. Sorensen will assume direction of the company's operations
$2,375,000 $10,266,000 $11,700,000
1,938,000
9,475,000
9,593,000
company
1.493
>
being
trust
trustee
each
of the Ford
Willys-Overland Motors, it
Vice-President
President of
elected
been
on
Executive
former
Sorensen,
has
Co.,
His
Co.—June Sales—
corporat'on,
Pittsburgh,
the
Sorensen Elected
unchanged at 239.—V.
was
Railway
Total
156.
notes,
lateral
159,
—— —:;
Motors, Inc.—Mr.
Assets—Utility plant, $66,132,782;
The
subsidiary.—V.
Spencer
Wisconsin Power and Light Co.—Earnings—
1,704,761
period
(The) Virginian Corp.—Seeks Release
A
Mr. Granger
Corp.
and long has been associated with, the American
y-v
options
$2,013,043
1,704,761
$193,129
$136,844
applicable
160, p.
serial
assets of the Sirian
Metallurgical Corp. are
Spencer
159,
$4,181,000
the
30
with
operated
$4,701,909
(net)
income
Dividends
—V.
stock,
1,800
$4,693,064
$303,320
income
Net
Wickwire
P.
another
Corp.,
announced
was
$2,233,000
1,948,000
—-
sales
June
compared
Net
revenues
income
Interest
Fabrics
Motor
above.—V.
Inc.,
1944—Month—1943
—
sales
Railway
Gross
E.
President,
limited-term
of
oper.
Other
the
of
Willys-Overland
'
1,603,456*
investments
Net
new
a
Wisconsin Central Ry.—Invitation For Bids—
Combined
prop,
reserve
Amort,
$17,913,928
8,577,624
135,011
———.
York,
New
Calendar Years—
567,364
L
retire.
appropriation
&
Deprec.
—
of
Co.
Western Pacific RR.—Annual
244,029
•572,745
73,678
expenses
taxes
of
President—
each
$1,478,459 $18,291,422
$1,203,171
Operating revenues
Federal
vitally essential to the war effort and
the Government.
acquisition, Wickwire Spencer announced
subsidiary company, the Wickwire Spencer
2459.
p.
1807.
Western Auto Supply
1944—12 Mos.—1943
1944—Month—1943
Period End. May 31—
Edison
Consolidated
See
p.
Earnings—
(& Subs.)
all
of
are
the
with
Vice-President of,
a
—V.
16.
Utah Power & Light Co.
is
Wire
for
and Oct. 31 to holders
respectively;1. On May 31, last, a dis¬
tribution of $1 per share was made, which1 was considered as repre¬
senting dividends for the first two quarters of the current year.
An
initial payment of $1 was also made on Oct. 30. 1943.—V. 159, p. 2680.
July
record
company
connected with the Wickwire Spencer Metallurgical
Proposed—
Wholesale
quarterly dividends of 50 cents
The directors have declared two
„
of
substantial percentage
a
Holder; Executive Vice-President, Lt. Col.
P. Young, retired; Treasurer, George H. Creveling; Secretary, Franklin
Berwin.
L. D. Granger, steel metallurgist and engineer, will also be
follows:
as
Co.—Merger With Parent Con¬
Westchester Lighting
cern
Retail
on
,
Officers
concern.
Dividend—
has been declared on the common
dividend of $2 per share
A
Period End. June 30—
Co., Inc.—Two
Pictures
Universal
will
Metallurgical Corp. to take over the business and
payable Aug. 1 to holders of record July 18.
This compares with $1
per share paid in February.
In 1943 similar distributions were made.
—V, 137, p. 2824.
'
,
r \
when more than 2,115,-
was made during 1943
made.—V. 160, p. 156.
85%
and
production
and
tungsten
formation
the
Charles
^
approximately
J.,
N.
management and
its
manufactures
company
drawn
connection
In
160. p. 54.
Wellington Mills, Inc.—$2 Common
industry
000,000 feet were
fine
products of, the
$2,583,341; interest of minority stockholders in subsidiary
companies, $296,206; capital stock ($5 par), $19,006,723; capital sur¬
plus, $57,371,956; earned surplus, $25,410,465; total, $189,120,352.—-
than the combined
for
record
2
more than 4,178 this period, ^This
One plant of this company has produced
single conductor footage of wire during
a
single manufacturing unit is more
years.
of
control
currently the complete output is for
for con¬
reserve
full
assume
tingencies,
line
footage, an essential of front
gigantic proportions during the l&st
conductor
single
of
Products—
Co.—Makes Wire
United States Eubber
•Production
$1,113,790;
credits,
the business and
Sirian
molybdenum wire and rods used in the
radio, electronic, electrical instrument and lamp industries.
In additiorf various dies and tools of tungsten carbide are manufactured.
All
$3,134,915;
amounts
$2,504,876;
accrued
taxes (less
U. S. Treasury
tax notes of $10,914,356), $10,514,411;
funded debt
and
other
contractual obligations maturing within one year
(less$62,000 bonds held in treasury), $2,738,275; owing to affiliated com¬
panies, $40,456; royalties and participations payable, $1,864,739; ad¬
vance payments for film, deposits, etc.,
$526,794; current liabilities of
subsidiaries operating
in foreign territories, $6,553,070; funded arid
other long-term
debt, $47,845,222; reserve for unrealized losses on
deferred
the
Sirian
The
the
payable, $2,530,000; accounts payable,
withheld and collected for Federal Government,
liabilities, $4,460,113; reserve for Federal income
$625,000;
of
immediately
operations.
Liabilities—Notes
assets,
July 12 announced the purchase pf
Wire & Contact Co. of Newark,
The company on
assets
working assets of
rent and
fixed
communications,
$11,827,324; U. S. Govt, bonds, $2,851,554; accounts
receivable (net), $2,314,697; inventories, $35,393,412; cur¬
Assets—Cash,
1944
Co.—Acquisition—
Wickwire Spencer Steel
Sheet, Feb. 26, 1944
Consolidated Balance
Co.—Claims Settled—
United States Lines
Monday, July 17
FINANCIAL CHRONICLE
THE COMMERCIAL &
232
cao'tal stock
145,097; total,
•
Volume
Number 4299
160
THE COMMERCIAL & FINANCIAL CHRONICLE
Stock and Bond Sales
■^•:ivDAILY
New York Stock
«»
WEEKLY
-
notice—Cash and deferred delivery sales are dlsrefarded In the day's range, unless
233
///:
YEARLY
-
Exchange
they are the only transactions of the day. No account Is taken of such sales
United States Government Securities
the New York Stock
on
In
Daily Record of U. 8. Bond Prices
July 8
July 10
July 11
July 12
July 13
July 14
( Low
1947-52
Daily
.
f High
4 Vis,
of
U.
[Close
4S, 1944-54
Prices
[Close
101.17
100
100
3
101.17
*
2
[High
-■
•
-•
J
/■/7;7/7/
2'/as
[High
^
-
■
100.5
100.3
100.4
( Low
100.5
100.3
100.4
j ClOSB
100.1
100.3
100.4
18
1965-70
■
20
4
\
units
•
Low
•!
Close
[Close
:■
[Close
Low
—•!
•
[High
,
[High
Low
*
101.31
j
2%S, 1952-55
101.31
Low
[Close
Close
Total sales in $1,000 units
-
7-7
Low
3s, 1951-55
;
•
•
%%
7^77y-7
-
[High1/.'
ay4s, 1954-58
Close
\
:
Low
I Close
//■ :'!>
i
Total sales in $1,000 units.
Total sales In $1,000 units
High
112.9
Low
112.9
Close
112.9
2%S, 1955-60
Total sales in $1,000 units
i
2%s
[High
Low
1956-59
{
'
'
.
[Close
.
Total sales in $1,000 units
8
[High
[High
{ Low
[Close
2%S, 1945-47
1947
2s,
;
y Low
•
I Close
-
.
Total sales In $1,000 units
$1,000 units
I
Total
-.
2s, March 1948-50
-
Low
[Close
:
2s, Dec. 1948-50
[Close
Total sales In $1,000 units
Close
-•
$1,000 units
[High
2s, June, 1949-51
(High
Total
[Close
sales In
( Low
[Close
( Low
2%s, 1956-59
Total
j Low
Low
sales in
High
Total sales In $1,000 units
High'.'
Total
u>w
(Close
sales in $1,000 units
2%s, 1951-54
High
|
f
High
2%s, 1948-51
-v/:
$1,000 units
Bs,
sales In $1,000
Sept.,
units—;
^
| High
( Low
1949-1951
Hlgn
2%S, 1958-63
[Close
Low
Total sales In $1,000 units
Close
Total
sales in $1,000
[Hign
units
2s, Dec.,
,'7
j Low
Total sales In $1,000 units
Low
—■
1949-1951
[Close
[High
2%8, 1960-65
—
Close
sales In $1,000 units
Total
'.7/
:
2%S,
7
-
[High
2s,
—
1945
March,
1950-1952
j Low
(Close
y
;
[High
>
,
Total sales In $1,000 units
Low
/High
( Low
Close
2s,
Total sales in $1,000 units
7
:
!%»,
Sept.,
1950-1952
[High
\
1948
Total
Low
v
[Close
.
sales
In $1,000
100.31
1
>,/
[High
2a, 1951-1953
{ Low
[ Close
Total sales in $1,000 units
(High
2%s, 1949-53
Low
>.:
\
:
'
[ Close
.
Total sales in $1,000 units
fHigh
'
•
i
'
Low
1952-1954—.
2S,
Close
Total sales in $1,000 units
Total sales in $1,000
7
[High
2s
3
Total sales in $1,000 units
."■'//,■•/•
."7,.,
f High
l%s
( Low
[Close
/
*•'''
[High
__•{ Low
-'/ ; /'
/;7 Y,
sales in $1,000 units
-'-
■:/
Y
[Close
100.11
Close
[High
1 Low
1948
■
Total
sales in $1,000 units
2Mi8, 1962-67
5
Low
[CloSb
Total sales in $1,000 units
/<",.■
100.11
i
1953-55
Close
y',
100.11
100.10
[High
Low
2%S, 1956-58
100.11
100.10
units
(High
2%s, 1952-54
100.10
{ Low
[Close
2%S, 1950-52
^777//7:'77/
(High
Iajvt
1951-55
2S,
Close
■
Total sales in $1,000 units
!
100.31
units
Total sales in $1,000 units
100.11
100.11
Total sales in $1,000 units
l
Home
Loan
1%S, 1945-1J947
100.6
j Low
[Close
1963-1968
Owners
'High
7;
[High
-
2%s,
100.31
[Close
r
Total
101.31
Total sales In $1,000 units
High
sales in
Low
[Close
Total sales in $1,000 units
38, 1946-48
Total
v
—
[High
2%s, 1951-53
sales in $1,000 units
.
Low
Total sales in $1,000 units
High
3%8, 1949-52
*
[High
2%s, 1967-72.
Total sales in $1,000 units
77
ClOSO
Total sales in $1,000 units
High
:;}
July 14
100
10
July 13
York
100
100
New
100.2
100
the
Low
Total sales in $1,000
3%s, 1946-49
July 12
100
100
2%s, Dec., 1964-1969
Total sales in $1,000 units
ivj
July 11
on
Low
:
:
[Close
•
July 10
bonas
[Closs
.
f High
j Low
*
for the year.
"
8
3%s, 1946-56
Total
July 8
coupon
[ High
(
101.17
Total sales in $1,000 units
k
Bond
Total sales in $1,000 units
[High
j Low
7
8.
2%s, June, 1964-1969
Total sales In $1,000 units
;
Record
Treasury
range
Exchange
Below we furnish a daily record of the transactions in Treasury, Home Owners' Loan and Federal Farm Mortgage
Corporation
Stock Exchange during the current week.
Figures after decimal point represent one or more 32d of a point.
,
Treasury
computing the
100.6
Low
Close
Total sales
in
$1,000 units
100.6
Total sales in $1,000 units
1
♦Odd
lot
^Transaction
sales.
of
registered bond.
NEW YORK STOCK RECORD
LOW AND HIGH
Monday
Saturday
July 8
S per
July 10
$ per share
share
*110'/a
112
*58
62
*62
1 per share
*61%
63
-*110%
112
62%
62
Tuesday
July 11
,r
*58
64
/..("
63
63%
*62
SALE
t per share
:
62%
112
*110
112
63
60
60
*57
*63%
65
64
64
13
13%
13%
12%
13%
30%
30%
*30%
30%
23%'
*23
i
6%
*91
6%
7
153
*148
32%
29 %
41%
*90
7%
-
153
7
*147
2%
2%
83
23%
42
92
7%
147
2%
32
7%
7%
147
*145
223A
23%
42 y4
42%
*90
95
7%
73/a
*145
148%
28%
29%.
28%
29 %
•
.
,~
-
30
633/4
400
9,200
•
500
223%
42%
600
♦
11,100
10
95
7%
68,400
149
2%
33%
32%
34%
34
56%
571/a
58
10
343/4
56
583/8
28%
23/4
2% '
33/4
14%
14 Vs ;
14
148%:
148
15 %
*15
30%
For
30%
footnotes
14 Ve
148
15 y8
30%
see
13%
149
*15
'
30%
31
page
14
148%
,
15%
243.
'
-29%
28%
83
*13% *14
*80
29
28%
83
13%
*80
13%
149
150
*150%
150%
15%
15
,15
14%
15
3iy4
31%
31
31%
31%
S per share
Abbott Laboratories
No par
preferred-—
52% Feb
100
1093/4 Jan
—
Abraham & Straus
Acme
Steel
24
53
25
Co
Jan
Jan
74,300
38,800
3,100
283/4
5,200
80
83
13%
'
13%
1513/4
152%
*143/4
15%
303/4
114
!
3
Adams
Express
Adams-Millis
Address-Mutigr
Air
Reduction
Alabama &
Alaska
1*Par
_No
par
Corp
Inc—
Vlcksburg Ry—.—100
Juneau
Gold
Min~-.
10
Albany & Susquehanna RR.—100
1
Allegheny Corp.
103/8 Jan
-
Mar 29
23% Jan
3
war..——100
37
Jan
4
$2.50 prior conv preferred-No par
124
Jan
3
5%%
pf A with $30
31
1,200
2,500
,
500
5,200
Alghny Lud Stl Corp
Alleg 81 West Ry 6% gtd
Allen Industries Incj
Allied
Chemical
&
Allied Kid Co
Allied
Mills Co Inc
—
_No par
100
„„1
Dye- _No
par
5 /
_No par
24% Apr
19
70
Jan
21
9% Jan
3
141
Apr 26
13% Mar 18
29% Jun
6
Jan
63% Mar
Nov
115%
Sep
7
35%
Jan
52
July 12
41%
Jan
57%
Sep
Apr
13% July 12
16
.24
Jun
July
7%
,
'
Jan
13
25%
Feb
32% July
143/4
Jan
21 y2 Mar
383/4
Jan
487/a
92% July
.
27
423,4 July 10
,75
2>
108
July
31% Jun
37% May 18
Jan 13
5% Apr 18
51%
12
Highest
$ per share
64
31
6
;-
60
27
26% Jan
19% Jan
No
Corp
Jun
Lowest
I per share
64% Jun 23
17
47
Year 1948
-
I per share
21
*
~
*147%
■
Par
4%
Range for Previous
•
EXCHANGE
•
13%
31
2%
.83
>
— — —
62
32%
55
83
41%
*90
112;
2%
32%
55
*82
♦23
13
♦30%
700
63
55
32%
83
13%
42
149%
633/4
30%
23%
55%
*82
13
30%
92
*
*82
13%
30%
42
7%
*57
63%
12%
23%
32%
•
63%
*30%
7
95
55%
55%
29%
6%
2%
33
55%
23 %
42%"
92%
*148
2%
2%
23%
41%
41%
94%
: V:
♦110
60
7
Range since January 1
Lowest*
Highest >
STOCK
Shares
62%
111%
v
NEW YORK
the Week
S per share
62%
*110
*58
31
41%
62%
for
July 14
$ per share
62%
Sales
Friday
July 13
*110
/'V
63%
127/s
23%
STOCKS
Thursday
July 12
63%
31
*90
'
PRICES
Wednesday
■
67
Jan
76%
Sep
Jan
7%
Apr
128%
Dec
3
3 3/8
7% July 13
85
3
July 14
34% July 14
583/a July 14
161
Jun
14% July
5
152% July 14
16 Va Feb
•h JaI*
5%
5
35% Mar 27
-
<
3% July
Jan
32%
Jan
45%
18 y«
Jan
31% July
64
Jan
75
13
3
293/4 July 5
85% Jun 13
Jan
Jun
.
Sep
Sep
May
7
Jan
140%
Jan
103/4
Jan
14% May
16y«
Jan
37%
11%
165
Jun
July
Nov
Monday, July 17
CHRONICLE
COMMERCIAL & FINANCIAL
THE
STOCK RECORD
NEW YORK
Range for Previous
STOCKS
Monday
Saturday
July J1
J per share
'
5 per share
$ per share
3%
23%
<J%
i:.o
no%
378
29
23%
237s
*3%
3%
3%
374
3%
108%
30
30'A
3.700
73%
74 3A
6,900
2274
22 3A
67%
18%
4374 7
,29%
297a
293/a
73
7274
737a
40%
40%
109
109 %
Xl09%
71%
73%
227a
22%
22%
2274
227a
2274
n%
22%
22%
27%
67
67'A
67
68
67
67
u
07
67
evVi
44%
,
30%
"22%
92%
V
27%
27%
27%
27%
27%
27%
27%
117%
1)9%
*1.13%
117%
*113% 117%
*113%
118%
118%
117%
11974
-14 %
14%
14%'
-17%
17%
17%
102%
103%
*113%
119%
'
'
14
14
17%
18
10378 10374
4
37/8
«%
6%
67«
'•"
84%
84%
847®
36%
3674
3674
36%
57a
: 5%
57/B
5%
*42 72
43%
*42%
43%
•7574
74 y8
747a
•774
•7%
'
75
7%
-
•
""*71
1278
'
1974
19%
19%
19 %
93
93
1674
16%
12%
*12 7a
1272
-V
—
12%
:
9372
93
9372
1672
16%
163/4
1274
127»
247a
36%
36%
27/s
2%
50%
507a
5072
50%
49%
5074
473/a
4674
4774
46%
46%
12 A :
176
*174
176
176
*174
•
1774
167a
177B
16%
17
74%
747a
74%
7572
74%
75
17%
*17%
17
17%
74Vfl
74%
74%
747s
74%
743/4
17%
-*1674
17%
167/3
17%
1774
1774
31
43%
177a
17%
1774
1774
17%
17'A
17 Va
30 %
31
30%
307*
3C'A
30 %
42 y3
43 V8
427*
437a
42%
15974
,17
iav«
v
30%
30%
427«
43
<3
•153%
159
30%
*44
:•
160
42 3A
43
7,600
Arner
160
159 3A
160
45
45 7
V
•26'A
17%
17 V8
17 Va
% 17 Va
17 Va
17%
17%
V
2274
22%
23
23%
23V4
23
23
>'
44
44%
44%
45
4474
45
44%
45
<4%
*30'%
31
*30
31
•"
163% 163%
72%
72 y4
72%
73 >
164
133%
72%
74
74%
120%
120%
120%
67a
♦947?
98%
f.% " 9%
87*
7 8%
*9
<87i
*%
6V4
63"%
*64
«%
1%
€3%
"€3%
f;57i
5%
••
<•%
67a
27%
31
24
?
12
*3y<
4
♦55
,
109%
674
44
11%
1178
12%
127?
-12%
12%
109%
12%
16%
'401%
400
117
*115
-
*37
6674
16%
100
38
'•" 38
*37
38
108
108
*108
33%
♦106%
103
707e
967,
<62%
65%
<2
2078
*29
•'•"•
31%
*112
44%
*547s
12
-417
,
-
""••
59%
117%
'1174
♦77
4%
22%
227a
*60
317a
30%
112%
*112%
14%
14%
147a
55
59 3A
*547%
63
*60
112%
3,300
14 3A
14%
147a
55
547a
55
14%
547a
55
59%
59%
59%
59%
16%
16%
177a
*17%
12%
12 s,'8
12
12
173A
12>
79
79
12
♦76%
"
773A
47a
7774
47a
5
-
•
;
*76%
47/a
78%
5
78
Atlas
5
lt>%
•
"18
97a
-167a
9%
10
9%
177a
18%
187a
11%
1174
11%
12%
C37a
63
63
*63
23%
2374
17%
177a
<9
•48
*
21%
25
24%
12
21%
2274
97a
10
177a
1274
64
64 :.*■
2472
2434
2474
24
247a
*17%
177#
177a
♦16
17
49
♦487a
49
49
♦48
•'—17%
-16
48
17%
-
177a
16%
16%
16 3/4
17
31%
31%
31%
'
31%
'
347a
103
34 V?
34%
34%
106
10%
10574
106
97a
9%
3572
•:«%
115
13
13
13
13 7a
41
41
*34%
35
105%
115
-
3672
115
12%
13
'<174
1074
3534
116
106
I
46,600
58,600
177a
107a
10%
*35
35%
*114
116
1374
1374
137a
<1%
407a
417a
1774
17,200
1274
.
.
64
'
24
64
,
"
6,900
200
f
2474
-10%
49
7,400
..
.
1774
1774
;
200
-
49
30
»
9,900
17%
17
17
17
32
317a
6,000
317a
34%
347a
106 7a
1067a
1067a
367a
117
1074
♦3474
♦114
?
/.
,
800
2,700
34%
107
..;
180
Aviation Corp
—
4%
/;
preferred
v,t
—
;—.
Bangor,& Aroostook—.
; Conv 5% preferred—
Batber Asphalt Corp
^Brothers—,
—
preferred.
Barnsdal) Oil Co_.
Bath Iron Works Corp—
Bayuk. Cigars Inc
Barker
5%%
Beatrice
;
107a
20,109
Beech
35%
357a
10
Beech
117
20O"
•
Creamery
$4.25 nreferred—,.
1074
*114%
.-JVo par
100
No par
No par
No par
of Del (The)—-—3
Baldwin Loco Works
Baltimore & Ohio
*3474
117
Nlchols-yy..-..".
prior A
107a
Aircraft Corp
RR
—-r
Creek
Beech-Nut
Packing Co—
'
♦123/b
.
Tack Corp—
'
*1674
34%
34%
106
17%
-A 127»
•
12%
footnotes eee page 243.
16%
*31
'
"
1272
13
1774
17
31%
317a
17%
16%
17 %
177a
171/2
*48
48
31V2
•34%
127a
637s
17
*113%
1874
1274
63
167s
9%
17%
12%
24
1774
3474
18%
12%
17%
63
63
•
■
•
17%
*17
9%
conv/.preferred:
—100
—-25
100.
-®
50
lIlyijB iilillS
22%
9% A 97*
22
227a
97a
10
,
317a
10 3
21%
227a
$5
35,300
'
227a
227t
preferred
Austin
.-•
40
A
Refiningconv pref series A
5%
6,300
12%
117a
preferred
non-cum
6%
900
17%
17%
12%
12%
127a
127a
1274
1,200
137a
13 7a
12 74
137a
127a
127/a
14,300
417a
413/4
41%
427a.
42
423/s
9,300
25
BeldingrHemlngway
Bell Aircraft Corp
Bendik Aviation-
Oct
1178
Jun
•
3
43% July 10
36
Jan
13
9
151
173
....
163/a July
69% July
July
3
Jan
3
393/4 Apr
,,.158% July
4272
Jun
28
6% Jan
3
9% Mar 16
6772 Jan
3
897a Mar 16
67a July
5
Jan
3
Feb
16
32
10
974 Jan
Jan
4% Apr
74 y2 Jan
3
119
3574 Apr
18
9>/4 Feb
17
12 72
115
Jan
103
Jun
101
July 10
75
Sep
Jan
,84'
Dec
Jan
JulySo
*1
108
:
,
22
-
.15% Jun
100
July 11 :
;,v.977a July
19
5372 Jan
3
71
July 10
7
98
Jun
257a Jan
3
44
May 31
Feb
15
30
Mar 23
Mar 15
18%
25
5974 Jun
24% Jan
65
7
14
113
July
"
56
Feb
24
19
62
Jun
12 7
118
52V4 Apr
V
.
6
7
.
177s July 12
13% May
8;
84% May *9
14 y8 Mar 31
>7
Jan
25
66
Apr
19
37a Jan
Apr
57a Jan
5% July
3
24
3
18
July 14.
9% Jan
3
9V4Jan
3
4
12% July 12
Jan
66
12
Jan
4
Jan
Jun
263/aJan
217z Apr 25
43
"6%
;
T3
50
24
July .5
3
2572 Feb
15
/
28%
105% Jun 24
;7% Juh
8
V31
Jan
11
11174 Jun
12
Jan
;
1
-
r
•?
187a Mar i5
-
Sep
V'47
Sep
20% Mar
'
23%
13
2474
Jam1
28
105%
35% July.ll
117 • Feb115
13
3
107s Apr
25
157. Jan
3372 Jan
13
423/a July 13
11
"
■33% July
Dec1"1-
14%
114*
Jan •"'•■:
•33
NoV>
Nov
-
,
Aug
U17a July
Dec V
•
9%
Sep
<"33% July
25% Jan'
93;
Sep
xllO
774 Nov i"
July? 6
107a Jan
May
x29
Jan «
Apr
Jant 3
Dec
->'153/a
*
July'io
ll3/a
Apr
1974 July
317/8
-
Apr
2874 July
Jan h
Jan
Apr
637»
5% Jan v
30 • Jan "
13%
Dec
127a
Feb *
-12%
Apr
10
Jan
-3477 Jan1-'
12
>6%
14%
k;
Jan
"7
5% Jan'
6"
108 V2 Feb
^
~
207a
•
1074 Jan
3%
9% Aug
8574 Aug
■
3% Nov
May 23
•
Jan
35
7
May 22
'"167 -Dec
;
-
2%
s
-
31
Jan'
-7%' Jan '
'
1574 Jan
Sep
/' ;:%■> 13% May -/
.68% July
A 123
Jun
52
113
:
183/a Mar 17
157a May 15
Oct
1137.
Jan!,
v
24
18
Jan
Oct
68 /
287a May
'"57'v'; Sep
227a July 14
10% July
5
5
3674
•
•
' "5072 Jan -
5
187a July
60
r
'
/
7
Mar
106
'29 .^.v
May 26
5374 Jan
112
15% Jun"
3
117a Jan
Jan
V 38"/ May
Jan
32% May 17/.
18
1077a Feb
Nov
19
44
-
Jan.^
24%
^
90 Va July
;
/
66
"
Nov,.'
.V677a July
44% Jan.;.
•7
27•
Oct
108%
Jari
Jan
1
94% July
.397a
Jan .Jan'
103 74 Jan
;
C 82
Oct
110,
Feb";
674 Jan;;,
29
.
;,10% Jun
.10% Jun
•.
92
;
.
..
;40% Jun'
7 72% Jan ;
h 59
Jan;;
-
38
May 19
Sep
-6% Sep
Jan
4% : Jan. ;
'13
Jan
33
Feb
.3%
477a
.
;" 6% Jan
•:
.
-
14%. Apr; I
.
28 C
8572 Jan
90
v
49
May. 29
r
.116/: Mar
.
30
July 10
17% July
•;.v"U37a July,
.
■■
Jan,
"
1272 Jan
Apr
46
28
-
Apr
29%
Jan
3
Apr
317a
Dec/
34
7» '
.
13 3/4 Jun
872 Jan
102
Jan
46% Jun
7%
.
^.54% Mar
7;
7771% Jan
,
5/
94 72 July 14
9
Jan
85
Nov
70% July
Jan
8%
16
6% July
19
.
111% Jan
••
24
Jun
57
3
,
May
'87a July
Jan
24% Nov
July.. 5
4 % Jun
2
2Va Jan
42
v
Sep
887a
.
Jan,
16%
26 % July 13
1177a May 26
12 V
..9
/
Nov..
24
7
6
49%
Jan
425/a
337a July 12
'
123/a July
•.
'..374 Jan.
3%
24
Jan
July
14674 July
-
Jan,
55%
26
Jan
/ 657.
.
*'
Jan
20
6374 July
.
:
.
Jan
.
3%
.
245/a Jan
114
Jan
6374 .Jan-,,
July 14
5374 July 10 ,:
28
; July
6
25
Jan-
;
115% Jan 7 ;; 12174 Aug
10
■
*
6% Jan
..
1207a July 11
9% July
5
6% Jan
4
Jan
.
84 y2 Jan
44
Aug
3274 Aug
12974
26
3
96
Jun '
,
•115
Jan
19
49
.'33-
.
,.4372 Jan:
13% Jun
19
116% Apr
-1772 July
.>
Jan->,
Jan
.
July 11
15274 July
6
7
8% Jan
Dec
12774
75
:
293/a May
-16/
.21%
3
=
r
45
Apr
1517s Aug
.
91
.
July 14
75
3
57% Jan
139
-1772
v
Apr
Aug
161
.ll3/e Mar
,12;
Jan
16
164
5674 Jan
,
477a
Jan
13
May
:327a Mar
.
Oct
.197a
3172 Jun .16
26% May 17
Jan
6
156
.
-
Jan
14172
129% July, 7
Jan v 7
111
35%
24
Apr
457a Jun
11
18
i?
14472 Feb-
1772 July 14
3
Feb
1574 Apr
.
-.'
Dec
23 V4 July
20
16% Jan
29
•
Jan
:
277a Mar'16
10
Jan
15
45
8
Mar
2274 Jun
872
-
July 12 /
July 13
160
•.
Oct-
^
Dec
397a May
No par
Atlas Powder
100
118
■y. 11774
Investment Co..,
4%
530
,
July 10
—100
Atlas, Corp——
800
59 3A
preferred—
Atlantic
40
147a
Jan
31
—1 '
—100
2d preferred—
5%
7,000
307a
V 112%
1274
3
100
preferred——
—-100
& Santa Fe——-100
i 5%
preferred!.-——-100
Atlantic Coast Line RR
—100
Atl G & W I SS Lines---1
,*
-8
No par
5%
;
100
30 3A
1st
8..
1874 July
147
—10°
preferred
,/45%
Jan
36 Va Jan
No par
—5
No par
.
•
Jan
177a Apr
5
Atch Topeka
••
1127a
"*167a
5
Assoc
-
1 6,800
300
63
7%
..
1,400
1
-
307a
1173A
79
V
.
29 72
*112%
31
1127a
*117%
47a
30"
-
307s
118 »A
5
;
967a
29
6%
.
1 12,200.
>•4172
*60
63
,':•
.
41
*28 3/4
WA
7 47s
,
63
/
70 3/4
96
29
29 Va
38
.7074
41% ,413/4
127s
79
:
953/4
95%
1%
Associated Dry Goods
680
260
100
Corp
Artloom
7,000
-
|
I
108
108
70 3/4
953A
10074
*36 Z
38
427a
10272
9974
110
707a
"*U7% 118%
12%
79
47s
*36
*108
71
953A
55
167,
--1678
12%
38
110
%
f
177a
102%
72
-
117
17
177a
1023/4
•: 100
of Illinois$6 conv prior preferred
-V -1% preferred —i
Armstrong .Cork Co
Arnold Constable Corp—
107a
54
-
> -
Oct
•,487a
Feb-
154
July ,.5.
7
147
Oct
•
'4% May
r
■
Jan-
21
20
& Co
Armour
} 2,700
11%
*115
117
59 Va
69%
•-♦m%ii6V4
ll7/a
11%
41%
59%
65
1.9
I07»
*16%
"1478
1.5
2,100
42%
112%
112
'-1478
2,100
963A
31
32%
112
55
•59
61
317.
32 Yb
113
I
j
70%'
*60
260
12%
17
*29'A
/.
J
4474
100
29%
94%
112
44
42
29%
400
,37,200
1,800
174
22
Nov
36
>
Jan
.6V8
.
177a July 10
5
No par
Daniels Midl'd
A
;
67a
94%
Paper Co
1672
*
12% Jun 27 C,.
Jan
7572 July 13
No par
r_12.50
„No par
Inc
A P W
Archer
:w, *12
96%
:
29%
61
"
1474
"
54%;
6%
■
100
1,200
'
12 72
102
:
I
11%
:4 4
♦109
70
71
667a
70%
"42%
-
94 7»
*115
"
70%
•':
63/4
10
i
43%
17%
*100
101
4
543/a
111
1023A
*37
108
*100
;v'i
•
54V4
100%
1023A
101
3%
117a
117/':
17
17%
10274
100
417a
•61
*115
117
*11%
12
3,500-
i
18%
.
49ft/« Mar 22
Apr
Jan A
A
It
3
50
Mining
Anaconda Wire & Cable
Anchor Hock.Glass Corp
$5 div preferred
Andes Copper Mining
July
3
25<.
preferred
Anaconda Copper
2,170
:•;>
257a
; 115:
Lead & Smelt
$5 prior conv
(31,700
33
257a
*114
Amer ZiPC
200
277a
327a
33
26 74
8,800
12%
12
12
2772
114
3,300
?
!
-27%
V.
Jun
.125%
26 'A Jan
..-.100
1
Preferred,
i
5%
43 7a
">
3
No par
No par
No par
Woolen
American
111,600
87a
54
*52
27%
93%
f.
12%
400
300
86 74
5%
53/4
54
*109
:■>
878
86
863/4
67a
44
102
0.»%
297s
111
-43%
12%
■
102 v2
17
1.02%
110%
*12
V
9 7a
54
67/a
preferred
Amer Type Foundries Inc
American Viscose Corp
V:
5% preferred
Am Water Wks & Elec
$6 1st preferred
22,400
I
96
.100
25
-25
1°°
;-10
-14
100
Co
Tobacco.
class B
6%
3,900
,
8%
8%
96
Common
,
3%
-,
93'A
102
"
♦1.0;%
12
>
67a
12
*115
117
-
167B
10%
v.
12
93%
44
12
;
*117a
557a
110%
•'--."4374
12%
557a
V
1207a
25 74
4%
6%
12072
83/4
98%
114
115%
*3%
93
93
12072
■
x323/a
257a
*11%
5578
♦
277a
33 Va..
*114
7,500
i
57a
327a
4
630
137a
86
27%
12
•
j
46 3/4
*50
277a
*25
152
1274
87a
54
*52%
115%
•■*54%
657,
4574
•115
25-
374
678
93%.
109% 109%
♦437* -4474
109%
33
*11%
63
63
277a
*114
674
C%
€%
63
63
2474
12
*54%
65%
57/a
32%
4-
V
86%
57a
53
116 y2
12
*n%
857a
57/a
27%
*"2T%-*3T%
32
3274
24% "24%
*114 -
115%
*114
8574
57a
-
32%
n
857a
-
•
15172
Telep & Teleg
American
3,100
5,300
46%
8%
9%
•9%
)
47%
*95
98%
9
95%
874
-6678
f-ye
537,
537,
63%'
27%
*52
*95
95 V2
i
75
13
*120
8% :
Amer
16,300
75
74%
3
10 ya
Jan
x26
..
Sep
15 % Jun
;
116%
3^
16
52% July .5
14
Jan
Jun
37
21
Feb
123% July
13% Feb
No par
Tobacco
Am Sumatra
100
47
120
120
7 ''87a
6
100
*00
Refining
Preferred
600
f
12%
4774
•473/4
American Sugar
743/4
■
150 3/4
150
13%
13
13%
-
75
150%
150
487a
*120%,
.
74%
75
151
13 Va
<dy4
9
.
7474
75
16374
Stove Co
American
1,800
•
<
163 74
16274
74
477,
>120% 120%
.
733/4
150%
"
•L.^7%
162 3/4
743A
152%
13%
137,
13%
13%
162%
•74%
American Stores
1,100
30
30
162%
74%
151 yS
'*152'■•"152%
31
74 Va
73
-
Jun
No par
No par
No par
Steel Foundries
Amer
s
127%
127%
128
*30
163%
1627a
«
727,
*127
31
*30
31
*30%
127%
126%
128
128
128
128
10
preferred
i 1,800
267a
267a
267a
17
267a
non-cum
6%
•20,800
22%
*123
•••
I
1°0
-25
-100
American Snuff
800
<
147
Preferred
400
t-
45
147 A:
.26%
44%
129'
21
13% Jan
43
17
227,
44%
44%
18
•
,
2074 Jan
-
12 % Jan
Amer
277s
%
15
Jan
•
Oct
;
8274
Feb
62% Jan
720
27%
23
Feb
Jan
9
r
152
7a July 13
25
Jun 27
115% Feb
44% Feb
12%
.•
'5
1274 July
Feb
1.7% May
,
Nov
77a
167a July .1
.
A July 13
40
30%
:: io7i
-*22%
4
47
Nov
68
93 V2 July 12
"4
7%
.
Jan
774
;
Sep
972 May
Jan
39%
Jun 43
<
May\
6672
-
.
5%
Apr
Jun
May
-5
37% Jan
19% July 10,.
29
.472
40%
-70
Jan
2
,
V:
Apr
-.
V:
•
./
Jun
36%
474 Jan
50
8% Jan
Jan
Jan-
July
78 72
.
Jan
53%
9% July
4
163
35
8% July 14^
2
30%
15%
26'A
Jan
1478 Feb
-
Jan
27s
:
«
MSr 25
72
12
10
20
Feb.V
772 Mar 3L
19
46
30
Jun
26
Jan
7/
May
9
87%
Jan
21
757a Jun .22
10
6% Jan
Jan
Apr
2074 May
i
39
July 10-
43
32
17 Va
\
27%
27
;/ 6
Jan
10
•
-
7 7
Mar 23
37
3
18.50
16%
22 y2
5
.5
5
■
Dec vi
•4% Jun
Jan
Jun
90% Jun
19
No par
No par
No par
Safety Razor
Seating Co
Ship Building Co
Smelting & Refg
46%
547/a
.,
Jan
8
147a Feb
American
,
578 Mar 16
<104% Jun
Jan
257a Apr
Jan
;
Nov
1%
102
80 V2 Jan
American
17%
27
-
preferred
conv
Jan
674
5
-
700
*147
152
*147
4%%
2,600
i
Mill
Dec
1%
22%
10
7% Apr- 25
600
443A
44%
44%
44%
152
*147
152
♦147
152
•143
44%
160
159 W
7159%
159
159
€: 437*
43 V4
43%
Preferred
American Rolling
42%
Mar 22
29
4
; 18% Feb
Dec
Jan*.v
„
July 5
107a July .7 :
Mar 27
."1174 May
r
,
1374
97%
'
8
.
4
6
Apr
No par
No par
No par
1°°
25
—100
preferred
preferred
Rad & Stand San'y
Mar
Apr
116% July
11274 May
s
Jan-
6%
5
July 10
53% Jan '11.
19
61
5
*17
17%
*17
Am
•26,600
;v
-
$5
147s July
393/a Mar 31
—100
$6
Feb
10
65
243%
Nov
18
July/-V
.80
96
y,.3% Jan
No par
No par
Light
Jan
105
Jun
4572
1874
Jan
33
1857a July
Jan
107
5
Jan
9174 July
Nov
Jun
59
'
597a
3
..
$
.
177a
Amer Power &
Nov
Aug
97+ May
-
2474
157a Jan
——-——~'
Co Ltd—
No par
News Co-
168
July 10
68
—100
preferred—
6%
American
j 7,900
38,100
127B
12
1274
117a
12%
117a
*175
17%
Metals
"Amer
70
Jan
28
26
Jan
23
Jan
Jun
Apr 25
8
No par
1
No par
No par
No par
No par
10
1
50
1
No par
Jan
3%
May 26
7
Apr
134-
1277a
4
V
437a July
:717a
Jan.
Sep
9% Apr
.
120
Mar 10
2% Mar
Jan
27
18
25
Nov
—
Jan
115
20
108% Feb
14
61
Jan
4%
27%
27% Jun
26
10% Jan
Dec
81 % Mar 23,-.
Jan
101% Feb
187a
427a July 14
108% Jan
No par
No pat
Mach & Mecais.
Rights '■*
J
440
I 8,900
'
6,700
2%
4
"
3,900
36V2
27a
*36
18
10
10
100
20
1
76 y4 July
Jan
July 12
183
5
33Va Apr
68% Jan
23
Jan',
47
;
30
Oct
,8672 Jun
,
34
95% July 13
170% Jan
No par
Locomotive
preferred
Fdy Co
Amer
1,100
|
27a
..
14
1
50,;
preferred
Amer Mach &
j 6,100
123
123
27a
176
167a
7B
123
.
7%
,
132
No par
Invest Co ojf 111
conv
American
/
(
1,800
i
%
24%
%
5%
i 2,800
12%
12
r :
247s
247a
*12274
37
70
12
100
preferred
Internat Corp
American
300
:
Ice
6% non-cum
Amer
31,400
477a
-
477/a
117«
-
A;
-■
24%
36%
3
4774
v.
*92 7a
V
conv
American
-
200 /••
I
19%
12374
24%
123
5172
*175
177h
,
3674
507a
176
17%
24%
123
27/a
'
48%
*175
175
>•
1974
-
3674
62
12
12
^«i%
*175
3
19%
19%
t
preferred
-American Home Products
6%
5
50%
Hide & Leather
American
2,100
5
8%
8 3/4
*49
A
247a
36%
<774
,J:
'■ 'A,
•'
*12274
27/»
47%
46%
:
9%
American Hawaiian S8 Co
*
100
K
•
50
168/a
•
/
24%
61%
>
3
i 1,000
» 1,200
Af 5,500
77s
167a
93%
1672
*12 7a
,
..
*122% 123
62
':
70
974
8%
*874
.
22,500
50
50
*49
49
93
197a
12%
2%
*8%
8%
A *87a
7%
974
974
.
v
l.600
1
*6874
77s
72
*6874
; 1
974
8%
974
9%
.
74%
743/4
':";*
75
7,:
$7 2d
S
44
•427a
43
43,:
X74 74
/>v
7Vi*
.71
70.
72
:
07a
■•■"/
_
preferred
preferred A
$6 preferred
$7
;
574
84
Amer
f 7,700
.
36 74
53/4
1672
12%
50%
837a
36%
'•»
•
213/4
5%
93
35%
21%
35%
49'
167a
2474
21%
84%
-
627a
33%
21%
57a
•
American
1.400
93
91%
Sees
Export Lines Inc
& Foreign Power
Amer European
I
7,500
474
4%
47a
93
3574
•"19%
?4%
27
93
■
>">••04%
62%
"JG%
123
2,200
(2,100
:
33A
35/a
83
50
// *49
*
27
4%
4%
22%
75%
-7%
717a
9%
67a '
'
3,200
10
263A
*26%
27
4%
21%
-43%
33%
267/a
22%
43
""*71
i
10
37a
10
14
May 12
Mar
1
No par
CoCrystal Sugar
6%
1st preferred
Amer Distilling Co stamped
American Encaustic Tiling
270
443A Jun
Jan;.
87a
67% July 14 y
19% Jun 27
,
37% Jan
100
American
2,200
4
3
126% Apr
No par
Cable Inc
American. Colortype
.
14
;__100
Chicle
American
700
7,400
:
10
37a
37/a
227a
*6
-*/y»
27
27%
27
10%
2274
"75%
123
103
27%
93
:*42%
"7%
T»0
10274
93
33
44%
t%
103%
95
V- 64
:
77V4
0%
103%
263A
33A
*
*HVe
17%
Jan
734Jan.
Sep
27a July
31 %
Jan
.
52
:
.
100
No par
preferred—;
conv
747a July 14..
23% July
6
82
preferred
non-cum
5%
360
I
;
14'/a
17%
94
6%
r
*13%
177a
99%
22%
"72
6%
137«
17%
10
4%
1187a
118
137a
'
27
472
"47a
0
'
25
8
& Fdy._
Car
"Am Chain &
1,900
s
-
14%
177a
26%
3%
26%
27
27
66 :
119
7%
1.100
25
Apr
--1
Preferred
American
Apr
——-—..-25
Can
American
490
24,000
*113% 117%
103%
*103
10%
*10
10%
*79%
118%
11774
26%
26%
3%
26%
26%
>10%
7
'"-24%
27%
60%
27%
*74%
12%
27%
197,
80
f.%
€8%
807a
40%
%
23
31% Jan
60
100
Cable & Radio Corp
X67
14;
May 17
.
23%
Jan
Jan
41% July 13
110% July, 7:
12
Mar 29
16
No par
preferred
5V*%
Amer
Jan
7a
13%
July 14
4
58
10
Co
Brake Shoe
Am
,
4,200
95%
182%
427a
80 3A
182%
183
80
-
92%
7934
40
3974
36
*43
405/e
93%'
95 %
181
40%
-64
"*♦71
94%
182%
80
3G
•
40%
93%
92%
40
106,300
13%
13%
14
7 1
177a
Dec
-43% July
,
July. 5
237a Jun 28:
26
50
—-1
preferred
Bosch Corp
6%
American
Jan
82
50
Bank Note
American
230
4
28% Jan
Corp___No par
Amer Agricultural Chemical_No par
American Airlines Inc
id
6,000 ;
1,700'
19
19
Jan
2
Petroleum
Amerada
3,600
;
132
*131
80
<8-5
'
13%
14
181%
92%
43%
44
131
39%
*35%
*43
131
40%
39 7*
-*84%
5%
44
131
447a
.
13%
183
X82
183
182
4%
60%'"
*22%
4%
'
62
.
27
*23
127s
13%
92%
12%
•
44
131
17%
'600
3,100
:
.;
109%
67%
18%
187s
18%
18%
44%
131%
13 Vs
*44%
r -*i3i
131%
*131
18%
1834
19%
44%
18%
\
18%
<4%
*131
131%
12%
13%
62 ..62
*182
134
4W%
40%
T'%
77%
217 Ve
27%
*113% 117%
12')
120
13 %" 14%
17%
17%
10?% 103%
2*?%
20%
3%
3%
1.0%
10%
18%
4 ,'/a
72%
73
i
41%'
*40
41%
10974
297a
*39
2,309
.4
Jan
Sep
97
Jan
7374
26Va
July
118
Apr
17% Apr
1
I6V2
674
7
103
105
100
No par
$ per share
share
per
July 10
22
3
24
14% Jan
$
407a July" .5
27
96 y4 Jan
No par
Alpha Portland Cem
Amalgam Leather Co Inc
6% conv preferred
2,400
227a
227a
72%
72
300
116
22%
28%
71%
2?%
6,609
39
383/4
*115
5%
Highest,
'Lowest
v >
t per share
33% Apr
No par
100
Corp
preferred
Allls-Chalmers Mfg
\'/o conv preferred
800
Highest
J per share
Par
•'.'
■-
Allied .Stores
15,200
39%
29%
103%
100% HO
28%
29%
217a
102%
2278
22%
3%
40%;
109%
*39
40%
*39
*3)
share
21%
115
115
115
vV,•
Shares
Year 1943
Range since January 1
Lowest
EXCHANGE
the Week
*101%
22
102%
3874
39%
38%
115
t per
$ per share
*100%
102
102
40%
116
22%
•
37/a
3%
3%
,
*115
2274
2J%
23'A
"39%
116
40
*115
July 14
21%
21%
21%
102
102
1027a
40%
102
<v»%
115%
40
■July 13
J per mare
22
21%
22
2173
21%
*10iVs 102%
20%
Friday
YORK STOCK
NEW
Sales for
Thursday
July 12
July 10
July 8
115%
LOW AND HIGH SALE PRICES
Wednesday
Tuesday
1944
:20% Mar
397/a
Apr
1
■Volume 160
Number 4299
THE COMMERCIAL & FINANCIAL CHRONICLE
NEW YORK STOCK RECORD
LOW AND HIGH SALE PRICES
Saturday
July 8 '.
Monday
19%
*56
19
•
*56
19
125%
*56
r.
19%
19%
58
19%
*56
>19%
•
*56
58
"
-19%
58
39
39
39 -'»•
39J/4
-391/s
19%
19%
19%
201/s
19%
66%
A'. 65i%
66
66%
V
19%
*56
i-
58
19%
-
Shares
2,800
651/4
64%
66
>
'
65%
20%
"*"■
126%
126
:
126
126
-
126
126%
1261/4-
651/2;
-.651/8
126%
«
,48
A
22
V
47
20%
•:
17%
A
106
15
*20%
900
42%
42%
33%
42%
40%
Aft 6%
•
18,800 ^
Bethlehem .Steel
>
42%
16%
<
*51
42%
16%
.16%
52
-12%
37%
52
*48%
21%
*43%
22%
<10%
10%
*118%
*48
48%
21%
*44
44%
41%
*41"r
'
421/2
16%
>
'
50
•
10%
45
'A- *44
22%
;,'• A 22%'
11
11%
10%
11%
119
119
»
•
12%
190
X
11%
190
-
71 y4 ,:7l%
:
119
11%
190
70%
119
119
12
■Aft
ft
ft
ft
••
100 •
40
10%
185
;
•
70%
10%
10%
10%
10 y4
10%
19%
20
•19%
19%
20%
20%
20%-
20%
20%
19%
19%-
19%
19%
.
10%
-
-
100"
96,500
185
.
520
40%
32%
ft
41
40%
41
32%
32%
*109
109%
40%
*19%
.
.-
•
A, 20,400
10%.
51109
109%
14%
14%
6%
6%
*72
6%
74%
15 y8
67/s
*72
6%
74%
72
*109
15%
*17
•*1
40%
6%
72
*70
15%
ft
6%
72
49%
47%
48%
47%
48%
*48%
48%
47%
48
12%
12%
12%
12%
12
12%
12%
12%
12%
12%
29%
29%
41%.
*29%
29%
29%
29%
29%
29%
29%
29%
3%
.3%
'3%
3%
3%
3%
3%
3%
16 y8
16 y8
16%
15%
16
15%
85
85
85
86 %
85
86
86
86%
23 y4
23%
23%
23%
24%
29%
30%
29%
54%
54%
'3%
16
'
*22%
22%
30
22%
30
*54
30
54%
1%
'
-3oy8
*54
1%
54%
1%
l'/a
7% A 7%'
21%
21%
7y8
21%
29%
29%
29%
*54
ft
6%
ft
3%.
A
86
.*84
42
11%
A-
*41
'
29%
*54
86
54%
1%
1%
•l'/a
7%
7J/8
7%
7>/a
7%
21 %
21%
21%
21
21%
30%
30
30%
29%
30%
42
41
42
42 ■'
42
12%
12%'
12%
12%
12%
'
*50 y4
50%
*50%
10
-
*41
9%
12
.
50%
29%
a
50%
*9
50
*111%
111%
111%
31%
31%
31%
31%
31%
31%
5%
*5%
5%
5%
5%
.5%
5%
38%
'37%
110%
110%
111%
A" 31%
31%
31%
5%
38 A
38%
145%
37%
T-
146%
*144
*49
146
ft:
38%
145
145
preferred
52%
53%
37%
37%
37
99
99
99%
99
119%
53%
9%
'
"5%
29%
;
<
38%
37%
*142%
53%
37%
36
36%
98%
98%
99
-
ft:
99
Carpenter
37%
4,200
v
36y8
36%
99
y4;
119%
*118%
147/a
14%
14%"
14%
14%
14%
14%
19%
20
18%
19
18
18%.
18%
18%
21%
22
21%
22
22
22%
22
22%
22%
22%;
4%
4J/8
110%
*115%
*10%
1107/8
1107/a
*111
111
111
112
11%
10%
10%
10%
25 y8
24%
25 y4
*24%
25
10%
10%
10%
10%
*10%
11
*10
116%
*115%
116%
*115%
116%
*1J5%
36%
36%
36%
36%
36%
36%
X35%
*115%
116%
ft
ftvA
116%.:
36
36
8%
.
1
8%
90%
8%
90
•
89%
8%
8%
90
88%
8%
89
35%
8%
89%
8ya
-8%
89
43
14% Jan
16
89%
35%
8%
8%
8% ft
Steel
jb
54fc Aug
6% Nov
10%
72
Jun
41
>
52% Mar
6
Jart
4
12%, July 12
Feb
8
29% Mar 13, ft-
67% Jan
30% July
6
15
23 >/4
33%
A-
4
May
Jan
27/a
Co
:
—
Celanese Corp of
<
52% Jun
;
Jun
19
v
31% July
151
54
500
Chain Belt Co
ft
15% Jun
X20
107
8%
Jan
31
15
Apr 22
20% Apr 19
30%
4
19
Feb
15
Apr
110
19.
1
100
May
17%
Jan
37% Jan
Jun
27% Deo
.
•
Jan
38
hfer
': 11% May
47% July
9% Apr
46% July
...
.
Jan
>
Jan
97%
Dec
31% May
Jan
5% Apr
39% Dec
147
Dec
Nov
;
54% July
40%
Jun
96% Feb
120%
Sep
Apr
July
8%
Jan
J.4%
16% Nov
16%
23%
Jan
1%
21
Jan
111
3
Jan
13
Jan
3
Jan
98
'Mar
Jan
41
3
Jan
18%
ft 25
4
27
,
Jun
Dec
8% KTov
,
T
Aug
115
x33
ft
Jun
3% Mar
97% Jan
16
Mar 28
116
Sep
Apr
7%
Jun
July 74
32'/a Jan
72%
Oct
19% Jun 27
Apr 13
23
27,,;
Mar 20
9
57
.■»
11% Jun 22
15
25%
Apr
19% Apr
<
7
27% Jun 23
-
Jan
Feb
7%
Jan
Mar
1% Mar
9%
26% Jan
July 11
111% Jun
•
40
22% July 14
4% July • 5
13
Jan
•
56
•
: Jan
*85
127%
J
May 13
July 10
99% July
30% July
\-
3% Jan ft
32% Deo
122% Mai 16
Jan
3.
17
19V4 Apr 20
2%
8
40% Jan 24
,31% Apr 24
96% Jun 9
Jan
2
113
Jan
3
11
29%
40
ft
5% July 10
39
Mar 16
44y4Jan 12
18% July
83% Apr
25% May
,
6% Dec
4%
v
July 13.
50
112 */4 July 13
143% July 12
:-100 ft
preferred
6% prior
Oct
5% Apr
■■•ft
6% Feb
36% Jan A
12% July 12
Jan
% Jan
*133A Nov
13% Jan
51% July 14
10
July' 6
Jan
33 ' Apr 19
.
49
Jan
*
6
2.1"% July 10
30!/a July 7
42
4
Amer
May
10% July
ft 29% Nov
22%; Jan
•
7'/4 July
27% Jun
<
Jun
6% May
75
Jan
9%
iy4 Jun 28
67/a Feb
x
15%
Jan
20% Jan
8
ft;
43% Jan
97
5
Co..
109'% Oct
65% Nov
16
dan
5
56% Mar
24% Jan 3
53% Feb 24
;
Apr
35% July
Jun
31%
"21% Jan
5 % Jan
16% July 10
86% July 10
24% July 42
■
% Jan
v
3% July" 8
*
3
Apr" 18
20
-
29 y4
.
20% Jan
27
Apr
18% July
Nov
24% Jan
July 14
July 12
May
116k May
Nov
'
27/8 Apr 25
I2y2 Apr is
No par
(J I)
4,880'
100
98
95
;
36
9
Jan
76% Jan
28
-
—
'
118% July
71% July 8
11% Jun 29
8
/
10%;
11
25»/a
10% May
104% Jan
A
43% Apr 25
-
111%*
*110
11%
*115%
116%
/
4%
25
*10%
?
105
llOVa Mar 9
May
9%. Jan
15% Jun 30
6% July 5 ft ' 2% Jan
6
*
4y8
4%
11
10%
11%
119
25
11%
25%
10%
10%
*25 y8
Jan
54
^
No par
$4.75 1st preferred.—.
No par
1,200
ft 7 % 2d preferred
280
——100
No .par
8,500 A {Jelotex Corp...—
.5% preferred
20
1,720 '
Central Agulrre Assoc
No par
5,300 ft
Central foundry Co
5,100 "
*—1
160/ Central 111 Lt 4%% preferred—100
tCent RR of New Jersey
100 ;
2,100
Central Violeta Sugar Co
I—1,300
100'
Century, Ribbon Mills
—No par
Preferred
100
Cerro de Pasco Copper—.—No par
3,100.
Certain-teed Products
—1 ft,
'21,800'
119
119%
11%
25%
27
"A 3
33
42% Apr
Preferred ..i—:
Case
5,900
119%
11%
3
par
Caterpillar Tractor
3,200
99%
119%
42 y4 July
20 y4 juiy
' Jan
6% Jan
8
July 10
ft 41%
Feb
Jan
8% Jan
—1
25
100
1
80
53%
Xl8%
110%
ft
Carolina
Carriers .& General Corp—
X14%
*25
13
20% Feb 24
/
3
Jan
41
Capital Administration class A__1
$3 preferred A
:
10
Clinch & Ohio Ry—-100
;
A
14%
:
780!
ft:
119%
4%
12 Va Jan
*
25
-No
c
900
53%
July
44% May
ft 18% Jun
;
:29%. Jan
20% July 13
..
4
27% Jart 25
107
Apr 17
5jr
Ry——,
Mills..
Jart
17
1
Zinc^Lead
3,200
18%
4%
Jan
190
16% May 19
31
May 12
50
5%
14%
4%
800
80
*118%
4%
110%
ft
3
July
12% July
7'/4 Apr 19
.
No par
Packing—
Canadian. Pacific
600 A
i
19% <
22 Avi> A
4%
—10
preferred
Cannon
■ft
14% A;
4% ft
110%
.
A:
.
,
51%.-:
145
145
'53%
"44
9% Jan
•
Campbell W & C Fdy——__No par A
Canada Dry Ginger Ale..
j5 •Canada Southern Ry Co
—-100 ft
200'
19%
4%
3
Calumet & Hecla Cons Copper
71,2001'
14%
21%
"
120
5
471/2 Jart
Callahan
6,200
31
37%
38
145
53
119
98y2 Jart
3,600 *
>
112 %
5%
Jan
11% July 12
6
9,300"
9%
31
Nov
12% Apr
30% Jun
Jan
,
37% Jan
44% Jun 12
4
8,500
50%
A
Dec
14% Nov
8% Nov20%
1
23
-
30_5
No par
100
No par
'5%
70 "
12%
111%
45
Jan
33
v
144%
53 y8
53%
22y4 July
3
•
^*.100
California
2,600 v
112%
38%
20 :
ft 50% Jun 21
4
Jan
preferred__100
cdnv
>
2,500
54%':
—i:—:
preferred.
Copper life Zinc—
Byers Co (A M)ii
-ft
Participating preferred
Byron Jackson' Co—
790
*
23% V.
*9%
1
Butte
6,500
A
29 %
28% Jan
11% Nov
;
7
16
57/8 Jart
No' par
i—
Butler Bros
4,400
>
■
*49%
36%
37%
99 %
37%
*98%
119%
54
July
July
6% Apr
2% Jan
16
Jun
Jan
116,
r
:—1
BuSh Term Bldg 7%
360
10,300"
800
50 "
112
112
38vft
143%
52%
37
50%
S'/a
49%
A 110%
v
12%
51
9y8
49 y4
*9%
49%
5%
51
51
9%
*48%
5%
ft
51
50%
49%
9%
49%
Oct
30
50*
4
8y8 Jan.
.
^
6%
41
•41
31%
-
*48%
' Dec
39
Jan
-
'
„—No par
Terminal
l'/a .A 1%
7 Va
ft- - -7
21
21% A
1%
21
42
11% -12%
40 y4 Jan
•
Bush
.
3%.
86 ^.
; 29%
54%
iy4
39
26% Jan
"38
14% Jan 13
No par
16,200;
6,200'
29%
16
/.A- 23%
24
30 A:
'
11%
J
Burlington Mills Corp
,
.ft
1
5% preferred
100
Burroughs Adding Mach_.__No par
*
*23%
July
Jan
22% Jan
July 1
17% July 10
52% July 12
22%. July ■ 5
Jan 14
.ft 39%
17J/4
No1 par
Forge Co—_i
Bulova Watch.—
'
*41
Wrteei-.;——
Bullard Co—i—
"
54%
No par.
1
5
-1% preferred——
LlOO
BUdd (E G) Mfg—
i_.No par
7% preferred—.
__A100
$5 preferred
;—:—
No par
230'
■
48
15%
A
29%
30 y4
A
12% A
*29%
3%
16
15%
7%
•21%
'
*
—
15%
48
1%
7%
No par
*
15%
ft
39
Buffalo
•
2,000'
4,300
-
32%
12%
■
"
C
56% May
96 !4 July
ft
*
17
Jun
'
70
70
49
VB
1
'
8% Jail
4
27
Jart 28
Budd
600
3,300
109%
15%
A,
6%
*70
A
*109
15 y4
*6%
72
-32%
109 3/4
*109
109%
-
■;,15 -■• 15%
6%' A 6%
17
July
2iy4 Mar
-
ft
'
20%
18% -19%
'
41
32J/4
-41
40
32
.
32% -32%
*109 is 109%
14% ft 15%
:
43 '
3
ft
»
780!
70%
*
,
10J*
Nov ft
38% Jan
,
7 r
12% Jart
40% Feti
BuOyrut-Erie Co—___—:
.13,900
'
A 32%
34'
37y2 Jan
'
-
Bruns-Balke-Collender
3,000
>
*
*20
85
July
Jun
■
*
41% July 14
7% July 3
■■
'
71%
10%
11%
19%
19%
19
L
41% Jan
♦
,
%
% Jun
19 %
*
11% Nov a
A
July
Jan
9% Jan
76 ft Jan
J
42% July 8
July 0
3
3
13%
Dec
19% Mar
11
116'
3
3% Jart
ft
No par
1,—5
Brown Shoe Co
V'
11%-
•
ft
28% Jart
34% Jart
Feh
40
"
11%
11%
ft 190
*185-
95.
52
8
Brooklyn Unlort Gasi—;
100
4,500
120
*119%
11%
A 70%
70%
70%
119
-
11%
190
190
71 y8
119
1
11%
J
Jan
JaiK *
6% Jan
.
52% Jun 2?
(
33% Jart 26.
' 1097/a May
Briggs ■& Stratton...;—
Bristol-Myers
5,900
-
x v.
22%
•
300'
Aft 14,100"
12%
45
10%
«
21,100
211/4
22%
•
/ ftv-'" 200
49%.
A/ 21%
22%
V
ft
-
V-
371/2
50
'
*48
'
>
17
22%
*44
*_ia
26.
Jan
88 Vz Apr-18
46y2 Jan
4
<
.
Borg*Warner Corp_____.
....5
Boston & Maine RR (asseqted)'.lOO
Bower Roller Bearing Co.
^.5
Brartif j Airways Inc_ft_.»
12.50
Brewing Corp. of America
1.15
Bridgeport ^rass
Ncf par
Briggs Manufacturing—:—No pat
.—
-15% Feb 29
45
*
preferred ——IOO
(The)
5
Jun
Apr
121% July
-
16
5
July 13 ft
July .5
"106
Nov
27%
ft
.20% July
ft 17%
4
12% Jun
.5
ft
5
11%*July; .5
4
Jart-
54
110% Jai* ft
19
22% July
-
14y4Mar l4'
-
No par
Borden'Co
3
3
93 y2 Mar
*
_No pat
l__l
4,700'
•
'5,500 ft
521/8
37%
x
48 &:■ 48-
A. Brass.
4,200 ft
-
41%:
*51%
21 %S 21% ft
-
Aluminum
Class B
4VzYt
10O
33% A :
-ft .16
5
Bond Stores Inc
700 ft
-"6%,
•;■=•■ 12%
50
ft
16% Janr
7% Jan
July
'
A
.
21%
45
Bohn
48y2 Jun
37%Feh 24
ft
Nov
34
.*7
8% Jan
126% July 10
.por-
Bon Anil Co class A.*^
,v
200
>
ft
6%
'
49%
*44
•
50
Co—^.-JVo^por
Bloomlhgdale Brothers^-'
No'par
Blumenthal & Co preferred.
100
1..5
Boeing Airplane Co_^„_
600
-
f v
,
ft
t
41%
'ft:
'
53y8
1
~
•
.
411/2
■A 33
•A
6% ft
37%
*49
20-
1161/2
-
11
'22%
•11%
4
*115
12% A 12%
- 37%
12%
no;.
ft.'
r.i-
■51%;- 51%
17'*
-
a-,
ft* 15,200 '
94
22%
45
-
227/8
16%
*52
-50 vr
'
21%
21%
1
37
*48
21%
184 y8
A
19%
39
12%
37%
*49
49%
11%
19%
19%
521/s
;
»
119
11
19%
42%
-17%
51%
37%
-:
400*-
,
f -
'
71%
10%
:;'•■
4
2
17% Sep
.57
22% Jan. ft
v
share
per
13% Mar
;
20 ya
56y4Jan
Highest
$
,
54% Feh
A 40% Jun. 20
115% Feh
*
1
July 12
66% July 11
par
>100
Blaw-Knox
Bliss & Laughlln Inc.
f per share
per share
19% July 14
56% Jan 24
4
15% Jair 20
Blgeiow-Sani Carp Inc»»_^No' pat
Black & Decker Mfg
9,900
V
15%
*93%
7
*40 .-a^ 42%
'■
16%
12%
37%
10%
183
(70%
121/8
*41
,:
:
>
41%'
6%
•
•*
33%
411/8
'
6%'
r
14%
>
116%
33%
41
>
V
17
52
22%
12%
179%
A
42%
16%
*115
-
17*1/4
•A>; 52% '52%
■
x51% ' 52?
*41 --A 42
33%
5%
51
;v
*44
r.
119
11%
41
*49
2iy2
44%
22%
33%
61/4
52-
48%
?
33%
'
52% A
20%
17%
'
104% .104%
ft
15%
x94 >;■ "-94
•
42%* 42%
116'
116
4iy8
*51
*
37%
-
*49%
52
42%
*41
42J/4
12% ft12%
37%
v
49%
21%
A
-
941/4
1,600 ft
A 1,200 V
,
21%
10% A
20%
V
*
52%
52%
94%
47%
10%
•
A-
106
15
15%
52
116
6
20%- 20%
*104%
<
: 52%
40%
17J/8
-
15 y8
33%
:
6%
*51 A A 52
12%
37%
*49
-10
N&
Jan
17
$
53% Apr 21
33% Jan 28
-
_I
(Del)
pteferred____—
ft 7 %
1,500.
21%
-
xl7% '• 17%
17%
106
51%
42%
41%
:
20%
*20%
ft17%
*104%
52 %
*115%
33%
40%
6%
>
6%
10% A
94%
51%
116
21%
10%
15%
,52%
42%
*115y4
47 y8
21%
11
17%
*93%
51%
42%
•
33%
40%
;
471/8
21%
10%
106
15
/
47%
21%
20%
17%
*1041/2
52%
47%
10%
*20%
-
:
93% ; 93%
51
-
116
33%
17%
106—-.
52%
'
51
*115%
•
No
Best Foods
126%
'A.! 47%
47%
22
10%
20%
17%
94%
51
47%
*21%
-
•i vl4% ,;15%
52,%
*93 y8 ;
10%
*104%
15%
Aft,52%
22
10%
20%
*16%
*104
47%
21%
10%
10%
-A
Loan
Year 1043
Lowest
Highest
*
$ per share
Par
par
Pr pfd $2.50 div series ?38-No par
Best & Co_
;
pat
.<
20,300 •
>
x
'
.126%
Indus
Beneficial
ft
.
39%/
19%
•
•
Range since January 1
Lowest
"
;
.
39%
39%
20
STOCK
EfCCHANGE
.
-
'
19%
/
■
$ per share
-
"
48
ft
; 58
19%
39% A 39%
-
y4"
125%
*21%
<
19%
A
NEW YORK
the Week
.July 14
$ per share
share
Sales for
Friday
'
July 13
S per
Range fo* Previous
~
Thursday
.■/■ft July 12
19%
39 Ye
-
65% ; 66
.ft
,j
19%
58
*38%
.
$ per share
•
STOCKS
Wednesday
July 11
$ per s>are
$ per share
19%
Tuesday
July 10
16% Nov
19%
Apr
July
.
•
*19
ftAftl9"A
19%
19
*18%
ft 19
19
19%
19
19
*19
19%
.
*•
•
*29%
30
*113%
115
44
29%
*113
45
29%
29%
*114
115
45%
46%
43%
12%
7%
12%
12%
*12%
46%
46%
7%
7%
7%
17 ft
16%
16%
7%
7%
24%
24%
7
17
17
•
114
47
44
29%
42%
43
12%
12%
12%
47
46¥8
47
7%
300,'
20,500
%
73/4,"
8,600;
17
17%
17
163/4
17%
16%
16%.
7%
6%
7%
7
7%
24%
24%
23%
24%
24
24%
24
24
24
28%
29%
28%
293/4
28%
29%
273/4
28%,"
63/4
7
6%
6%
28%
28%
28%
29%
59%
59%
59%
61
18
18
18
18
17%
18
18
18
173/4
18
18
18
19%
19%
20
20%
20%
20%
20%
21%
20%
203/4
20%
8.4001
A
ft -ft
ft
21
*44%
Class
45
2400
;
-ftft. 39,900'
'
61%
61%
62%
ft
61
65%
64%
64%
69,500,
;
1,500
ft,,: 14,100
.ft •■•:,:■
*44%
45
44%
44%
44%
44%
45
45%
*44%
45
*52%
52%
52%
52%
53
53
52%
52%
*52%
53
53
53
17%
18%
19 "ft
19%
18%
18%
18
18
*17%
18
16%
17%
*16%
16%
17
16%
16%
3
*16%
3%
■
3
.
7,
3%
3
*16%
3
16
16%
j
3
A A
16%
*153/4
3%
*3
3
3
ft
r
600
120
1,600
500'.
,
16%
3
2,300
'
*27%
*27%
30
96%
95%
23%
23
105%
29%
*27%
29%
*27%
96%
96
95%
96%
96%
23%
23%
*105%
105%
106%
23
23
*105%
22%
106%
105%
*
65
66
9%
9%
*9%
45%
45
*45
*170
*44
A
45
*941
96
*52%
57
*30%
37
39
39
*150
A
64
28%
*107%
34%
34%
112%
18%
*85
443/4
38%
63%
64
28%
28%
107 V*
34%
*111
39
•
107%
35%
113
19%
20%
142
...
*106%
ft
A
*150
141%
63
,613/4
28
27%
107
34%
*111
19%
107%
107%
35
113
193/4
20%
20%
21%
21%
23%
23 "f
23%
21
*20
33
33
33
A 32%
32%
32%
32%
*32%
,
ft
34%
*111
.
19
21%
*23
107%
35 A
113
19%
22
23%
107%
35
*112%
36
;■
39
39%
A. 39
5"
144
*523/4
57
36%
36%
39%
152
*95
95
*523/4
ft
57
37%
*150
152
139%
142
:
62
/
35
*113%
19
*21%
21%
21%
22%
23%
*22%
32%
32%
32%
32%
32%
32%
---
.
ft
35
;;A
2,700 A
; A
•
-
'610
"
7,300
ft
290.
,.•••
Z
3,100
.
8",800
193/sr"
213/8
23
323/4
323/a
32%
410
.
460
•
(
'
410
.
•
1,600
1,100
No par
preferred
100
City Investing Co——-100
City Stores
—,
—
5
Clark Equipment—
No, par
O; C. C. & St. Louis Ry. Co
'-100,
5% preferred———
100
Clev El Ilium $4.50 pfd
No par
Clev Graph Bronze Co (The)——1
V 5% preferred——.
.—100
Clev & Pitts RR Co 7% gtd——50
Special gtd 4% stock
50
Climax Molybdenum.,.-,
No .par
Cluett Peabody & Co.——No par
-
———
Coca-Cola Co
-
Oias*
B
:
-"2.50
18
5
24
Jan
-109
Dec
34
duly
50
July
114% July 13
99%
Jan
4
.8 %
Jan
Feb
18
46% July 10
13% Mar 18
Apr
19
48
6
33%
Jan
Jan
3
3
2%
77/a
9% May
Jan
9% Mar 25
18% Mar 25
Jan
11%
Jan
4;/2
18
Jan
3
2%
Jan
17% May
7% May
Jan
4
10% Jan
21% Jun
21%
5iy2
,>
4
Jan
Apr 25
29% July 12
Apr
65% July 13
18%, Jun 27
i
15%
7%
18.
Feb 24
ft
24
^
Jan
3
92
;
Apr
Feb
Feb
July
20,
18,
26,
14.
Jan 6;
Mar 2
Apr 25
Feb 29
Apr 19
Jan
Jan
Jan
Jan
25% Jan
3% May
30
Jdly
25% July
107
Feb
21
!
67% Jun
29% Jun
108% Jun
35% July
1
1
7
101 % Jan
.
84
Jan
11
;
Jan
Feb
50
.
33ya Nov
,
-
33 Ve Jan
142
May
88
Jan
.
,
ft
61
.Dec
16%
-
Jan
*103% Dec
17% Jan
5
20% July 10;
23% May 27
8% Jun
39 % July
Dec
145
Feb
109% Jan
28% Jan
■
114
Mar
67
,
38% Mar 15
39% July 12
152
July 11
146% July 11
Sep
63% Dec
2% Jan
13
Jan
15% Aug
106
Feb
32% Nov
3
July
Jan
123
Jun : 5
53
85% July
Jan
90%
45% Jun 19
109
Jan 12
95
Jun
3% May
32% Apr
Dec
27
5
90
18
10% Jan
Jun 22
115% Jan
May
.15% Apt
24% Jan
3
185
54
Dec
67%
July 8
10 y4 July 12
47% July 14
<
16% Dec
Apr
41% May
22
11%. Jan
13% Jan
1
8
5
ft 66
Jun 16
52% Mar 22
30% May 3
48
98% Jun 19
7
14% Jan 5
104 Jan 12
:< 56% Mar 28
6% Jan 12
35% Feb 17
148 x Jan 7
1?>, <Jan 3
111
Apr 21
.-37% Apr 20
106 Mar 27
Jan
15% Jan
Apr 27
19% July 10 '.
17% Jun 23
May 29
Feb
6
,
36% Nov
53
1
1%
Mar 22
21% July 12
47 , Jun ft' 2 ft
Jan
;
Mar.
25% Mar 22"
3
16%
38% Jan 7
Jan
6
47
Jan
4
13
.14% May 4
34 y2
-100
145
(The)———No . par
ill
Class A
—
:
NO par * 60
Colgate-Palmolive-Peet—*..No pat
Y3 %
$4.25 preferred..—*
—No' par.
103%
Collins & Alkman——.———No par : 25%
5% conv preferred
—
100 ' 109%
Colo Fuel & Iron Corp——No par.
14%
Colorado & Southern—...—1100
11%
4% non-cum 1st preferred—*100"
12%
4% non-cum 2nd preferred—100
" 13
Columbia Br'd Sys Inc cl A—.2.50
26%
Preferred
30
t
116%
21
-
i
3,000
3,200;
39
152
323/4
32%
*32%
.
10;.
139%'
21
21
33
r*
57
36%
61
19 %
33
v
107% 107 V*
35%
21
300;
'
28%
19-
21
60
ft
1
97
28
107%
20%
20%
s
—.
v
109
60
:
28%
115
1,400
95
*106%
A
250
8,600:
)
.'ft;:
180
*113% 114
*433/4
45%
44%
109
95
'
*85
95
1133/4
443/4
443A
28
21
*85
1133/4
65
*170
*170 A 180
113%
62%
23%
"page "243;
ft
28%
23%
see
r
10
47%
63
21%
footnotes
65
10
47
28%
22
For
*149%
'ft;
10%
66
Chicago,Great West RR Co—__._50
5 % preferred
—
—50
Chicago & Northwest'n w 1—No par
5% preferred wi
100
Chicago Mail Order Co—*—-—5
Chicago Pneumat Tool
No par
$3 conv preferred
-—No par
Pr pf ($2.50) cum div
No par
Chicago Yellow Cab
No par
Chlckasha Cotton Oil
—.10
tChilds Co
No par
Chile Copper Co
——25
Chrysler Corp
9
July
Jan
11
44
5%
5
25
No par
—40
6 Va °Io
160
A
A
City Ice & Fuel
2,100
46
62%
*23%
33
38%:
146%
23
10
96
152
23
m*
13,100
105% 106
46
*64
109
144
V—
10%.
*943/4
152
'ftftft :
29%
96% A
96
45%
*106%
36%
23
*27%
105%
1053/4
66
96
*523/4
96% A
22%
23
105%
109
*21
!32%
*433/4
29% ft
96%
97
95
57
"
*27%
29%
180
113%
37
39
-
*170
95
113%
36%
140
;
180
*52%
155
19%
21%
*94
9%
45%
57
39
107%
*110%
*106%
133
64
28%
44%
109
*150
131%
65 .ft
9%
37
37
155
131%
113%
96
*52%
ft
'
*85
45
*106%
109
*94
*170
114%
65%"
45 %
45
95
*113%
44%
*106%
65%
9%
45%
*85
95.
114
A
ft 9%
*170
——'
*85
114
66
66
Chesapeake & Ohio Ry—,
Chic & East 111 RR Co
6,400
24%
60%
Chesapeake Corp of Va
'
30
3
108
277/s
5
'
73/4
7%
'
preferred
Checker Cab Mfg—
3.800
v
■
100
6%
2,090
;
12%
73/4
2,000'
V
Aft
114
46%
12%
7%
28%
114
114%
*42
45
*12%
463/4
46 34
7%
28%
*28%
28%
114
*43%
12%
46%
7%
46
114
43%
46%
*12%
28%
29%
115
—Nd par
Champion Pap & Fib Co.—No par
108
Jan
13%. Nov
2V4
Jan
74%
Jun
116% Aug
,
42% Dec
108%
Dec
ft 92% feep
54
Sep
'48% Mar
40
July
153
Sep
123
July
68% bet
.
Dec
25
109% July
28% July
114%
Get
19% July
19
'
Sep
•3%
Jan
19& Sep
'3
Jhn
33% Jun 28,
15%
Jan
32% July 10
15%
Jan
17% Sep
"26% Dec
26% Dec
24% Ma'y 27,
23.
May 26
Monday, July 17
FINANCIAL CHRONICLE
THE COMMERCIAL &
236
RECORD
NEW YORK STOCK
July l'i
July 10
July 8
$ per
I per share
t per
share
$ per share
share
4%
*
82 '%
82%
82%
77%
78
82%
92%
*78
91
92%
21%
20%
21%
47%
*46%
47%
49%
49
49%
18%
17%
18
83%
83%
27%
17%
27%
17%
27%
17%
27
27
27
27
28%
28%
28%
29
96%
96%
96%
96%
4%
4%
4%
4%
24%
24%
24%
;
493/4
173/8
17%
493/4
17%
4%
49%
17%
843/4
84%
4%
4%
4%
27%
18
18%
183/4
19
19%
26%
26%
27
26%
26%
28%
» 5%
28%
28%
28
28%
97
97
97
97
97
';>!■>• 4%
24%
24%
..'7;v
t
107
•'
4%
4%
24%
24%
24%
5%
5%
5%
"
24
24%
24%
12%
12%
12%
12%
12%
123/4
6,500
30%
30%
30%'
30%
30%
30%
30%
30 3/4
31
8,600
Consolidated
30%
15
15%
143/4
15%
143/4
15
35,400
Natural
15
14%
15%
15
23%
23%
23%
23%
23%
23%
23 3/8
23%
23%
23%
2,800
23%
15%
16
153/4
153/4
15%
15%
2,000
Consol RR
16
15%
15%
15%
153/8
15%
15%
153/a
8,200
15 %
15%
163/a
49%
*47%
49%
400
107%
106%
106%
300
•:
*108%
108%
109
41%
42
*107
9%
108%
42%
42%
12%
12%
12%
12%
12%
42%
42
42
4,400
44%
45%
45
7%
12%
12%
123/4 >
12%
12%
453/8
45%
45%
453/8
46
8
29,900
9,800
8'/a
%*£ 7%
32%
32%
32%
33
32%
32%
32 3/8
29%
29%
29%
29%
29%
29%
29%
18%
19
18%
19
44%
45
45%
45%
13%
13%
13%
13%
.••'<13%
13%
*49%
50%
*49%
50%
*49%
50%
23%
23%
24
25
49%
49%
49%
49%
58%
59
59
59%
7
4%
-
4
'108
46
45
45%
510
13%
13%
13%
133/a
133/a
3,000
50%
*50%
503/4
503/4
503/4
20
24%
25%
24%
25%
243/8
243/4
8,500
50
50
50
49%
50
59%
59% £ 59%
59%
593/4
*45
46
24%
49%
49%
*49%
59%
/
24%-
59%
59%
♦183
186
3%
26%
4
26%
108 %
108%
1083/4
109
108%
109%
108%
25
25%
25%
25%
25%
25%
25%
23
23'A
6,400
38
37%.
38'/a n-.
2,200
26
23
23'/a
22%
23'/8
22%
23
223/4
23%
*37
37%
37%
37%
37%
37%
373/8
37%
373/4
*47%
48%
*47%
18%
18%
18%
101%
*101%
48%
18%
:
,
80%
24%
25
;
16%
v-
••
V:
•
27
•:
26 3/2
*106%
9%
36%
81%
81%
25
25
243/4
243/4
9%
6
5%
r
53%
53%
/•
5%
17
173/4
17
*112
173/e
17%
*112
117
26%
26%
26%
26%
27
27
27%
9%
9%
9%
*9%
10%
*93/4
10%
10
•<a
15%
15%
15%
"111%
112
24%
23%
*22%
15%
*iii3/4
112
21
29%
9
45%
44%
45%
45%
453/8
45%
45%
453/4
453/2
7,500
35%
35%
,353/4
353/4
35%
35%
353/4
353/4
600
21%
21
21
*203/4
21%
*20a/4
21%
*20%
21
200
37
35%
8%
36%
8%
36%
36%
353/4
363/8
353/8
36
14,300
20%
20%
9%
20%
•
-,
20%
83/4
83/4
9
203/4
20%
203/4
'
*56%
60
37%
*37%
38
31
31%
31%
40%
40%
*56%
60
37%
38
31%
*56%
31%
31%
31%
40
40
j
16%
16%
16
16%
161/4
331/8
33%
32%
33
33
*96%
97%
*£6i/2
97%'
*96%
45'%
26
26%
27%
56
-
26%
271/a
563/4
56
57
56%
57
*45%
:•>
128%
128
128
128
111'/a
112'%
*111%
128%
112
38
37%
10%
10%:.;
10%
17
17
17
-
1583%
/
1593%
'
159%
,
,,
*
125%
126
*125%
*117%
118%
*13%
14
39
112
17%
45%
18
46
45
45%
27%
26%
27%
26%
571/4
56'A
56%
56'%
56»%
127%
127%
127%
127%
112
112
112
■
,
Class
200
45
*441/4
j-;
Douglas Aircraft
Dow Chemical Co
4,700
1,300
$4 preferred
100
38%
37%
37%
4,600
*10%
10%
*10'/4
.10%
10 3%
10%
10'%
19%
1,400
Dunhlll
151/4 ;
15%;;
series A
Dresser Mfg Co
*15% "16%
.16%
Jun
Jan
15%
Jun
Jan
493/2
Sep
Jan
7'/4 May
Jan
37% July
Jan
27% July
Jan
15
.Apr
Jan
53
Aug
Dec
17% Aug
Jan
53%
Jan
•••' 47
2%
Jan
li
Apr
61'/a May
186%
Dec
173
Sep
6
Jan
■
May
21/2 May
22% July
.;
141/2
Jan
95
:
Jan
108'/2 Aug
16'%
Jan
23% Mar
9
23% July
Jan
Oct
31
18%
Jan
37%
Jan
11'%
Jan
17
813/2
Jan
271/4
Dec
99% Aug
38 ' July
47;
...
V.Oct
Oct
Nov
82%
93/2
Jan
22% Aug
7%
Jan
14%
x66
Jun
18
115% Dec
Jan
10'/2
6
12
13
11
14
Tuly
Feb
105
>25% Oct
107
Jan
1%
Jan
303/2
Jan
Oct
7% May
>
116
Dec
453%
Jan
17
Jun
26'/2
* Jan
100 /
Sep
5%
91/2 Apr
Nov
243/2 Mar
96
Feb
119% Nov
15%
Jan
3%
Jan 3
27% July 14
Dec
14%
7
...
'
159
Jan
4,900
125i%
157%
159
158'A
158%
125%
*125%
126
125'%
126
118'%
118%
118'%
118%
118'%
1183/4
118'%
13%
133/4
2,600
26%
Jun
40%
403%
6,700
fiasiern Airlines inc
121/4
700
167'%
800
400
190
16% July 10
113% Apr 12
12
Jun
24%
Jan
43
29
Jan
361/2 July
12
Jan
201/2 May
5
8%
July 10
July
Jun
12
Feb
3
57
5
39% Jun 29
32% Jan 31
41
38% Mar 31
13% Jan
X27% Feb
29
Apr
3
43% Jan
Jan
21% May 12
35% July
Jan
33% Mar
Jan
42%
Jan
17
37
9
21%
Jan
25
833%
Jan
10
Jan
Nov
May
35%
Oct
100
Dec
161/4 July
38 »/2
Feb
45
July
22%
Feb
34
Dec
15%
Jan
25%
44
Nov
73% May
7
112
25
:
153
Xl06%
Dec
107%
Dec
16
Jan
353/2
Jun
Jan
101/2
Dec
13%
1221/4
7
26
2
> 53/4
July
39% Jun
12% Feb
Feb
7
17% Jun 28
162'A Jun 19
123% Jun
6
.128% Mar 24
117% Jun
7
120% Jan
10% Feb
28
20
Sep
Nov
5
Jan
137
Apr
Jan
26
19
131
11
483/2
Mar
17%
8%
57'/4 Feb
May 13
28'/4 Jan 21
8% Apr 19
40
5
May
114% Apr. 26
11% Feb
10% May
22% July
27% July 12
-
106% Jan
Dec
Jan
Jan
45'/2 July 10
47
4
47
8
18% July 12
5
33% Jan
Feb
36% May
100
14
15% Jan
95
20
17% July
11
17%
Jan
3y4
18% Jan
8
Sep
July
16%
5
29% Jan
28% Jun
52
Jun
Jan
9% Mar 22
21
116
10
22% July
37
Jun
26
18
3
Mar
119
Jan
108%
> 19
Jan
;
29
17
3
Oct
7%
Jan
17
45% Jun 27
35% Jun 19
5% Jan
2
No par
Eagle-PIcher Lead Co
;.
:
13
Jun
30
173/8 Jan
—1
No par
Duplan Corp
Du P de Nemours (E I) & Co
20
$4.50 preferred
No par
Duquesne Light 5 & 1st pfd-—100
1,400
v
159%
*125
v
July 13
21
17% Jan
International
159'/4
*118
Sep
36%
37
32% Apr
No par
No par
No par
-No par
No par
No par
No par
Co
Dome Mines Ltd
16,800
'.
37%
*15%
Jun
110 »/2
Jan
13%
17% July 12
13% Jun 12
111
May 24
No par
A
391/4
r
9
-10
100
Doehler Die Casting
1,500
371/4
16%
6
4
6% Jan
19% Mar 17
25
5%
37%
16
Jun
113/2
Jan
45
117
No par
preferred
Dixie Cup Co—
1,200
26%
*111
July
July
July
July
July
6% Jan
26%
107'/2
> 10'%
140
55'%
4
Apr 25
Apr 25
Apr 24
Jan
x9%
7 29'% Mar 15
Jan
No par
20
10
100
50
Corp-Seagr's Ltd
Distil
'■•'
17%
45'/4
18
45%
112
25
18
Diamond T Motor Car Co
4,100
3,300
98%
18%
*111
3
10
36% Apr
preferred
partlc
125%
126
118'%
16
33%
*96%
98%
45%
127% 127%
128%
4
14% Jun
20
157%
159%
118%
16
33
16'A
33%
6%
37%
11
17
*111%
37%
*37%
4
5
Match.
Diamond
400
46
*451/4
9
20
Dec
Jun
18%
38% July 5
49 July 7
19 V* July 13
101 % July 12
•> 36% July 10
81% July 5
28% Mar 10
17% July 5
* 140
July 11
1
3
,114% May 20
21'% Apr 28
S W RR Co„100
Reynolds A
No par
Devoe &
1,500
40
26%
46
V
45
"
18
17%
45%
17%
46
40
40
57
17%
46
45%
26%
45
98%
6
Dec
?■ Oct
107
4'/8
7 'A July 6
4% Jun 29
22% Jan 18
Jan 4
Detroit Hillsdale &
45%
17%
46
45
17% •17%
*453/8
*96'%
97%
Apr 28
Aug
25'%
Jun 22
13% July 5
21% Jan
Edison
Detroit
530
31%
31%
*96'%
16
40%
50% July 14
253/4 Julyl2
50
Jun 30
60>/4 Jun 9
184% July 10
Jan 10
Oct
23%
7
46
Mar 20
Jan 3
1
Preferred
5,700
31%
16
333/4
•
173% Apr 29
100
pfd
Delsel-Wemmer-Gtlbert
Delaware & Hudson—
Delaware Lack & Western
60
363/s
37
33
16%
32%
203/4
*563/2
60
36
*393/4
47
15%
441%
52'%
1
(The)
Co—
&
Deere
19,100
20%
20%
8%
313/a
31%
40%
8%
9
36
37%
37%
37%
*56%
60
*40%
41
•40
60
16%
16%
32%
29%
293/4
Corp
Chemical
Dayton Pow & Lt 4'%%
Inc
Decca Records
700
20%
36%
'
29 3/4
35%
30
24
16
12% Apr 24
38 Vo Feb 29
10% Jan 4
8
25
preferred.—
Davison
14,900
15%
112
36%
8%
21
36%
*56%
*1113/4
112
35%
35%
*29%
7% pfd
Davega Stores Corp
5%
*29%
30
10
5'/sJan 3
29% Apr 14
24% Apr 19
1
100
No par
A
Class
Cutler-Hammer Inc
500
'9%
15%
15%
15%
15%
15%
*1113/4
112
preferred
preferred
$7
24%
44%
44%
35%
20%
*111%
9%
*22%
;
*21%
44%
8%
15%
16%
112
P
24%
29%
*29%
30
*29
*22%
22%
*21%
22%
*21%
"111%
*
Sep
VM
10
*22%
26 3/2
—30
Cushman's Sons Inc
4,600 1
27%
96
——5
22'%
100 • 101
No par
5Vo
No par > 97
No par
41
1
4%
Prior
10'
115
27%
x4%
23% July 12
Curtiss-Wright
Jan
27
July 7
10
Mar 10
110 Jun 6
43'/4Jun 27
13'/4Marl6
46
Jan 3
' 8% Jun 29
33% Jan 22
29% July 14
19%. July 5
5
25% July 11
5,000
;
17%
17%
115
27%
27
9%
36,100
47%
8
Jan
3 7
3,200
5%
17%
116
*112
26'/4
55%
18 »/4
Jan
16
3
550
135%
Jan
33%
27% Jun 28
*•
Jan
7>
.109% July 6
Curtis Pub Co 'The)
71,100
5%
4%
20
preferred
Nov
273/4 Mar
107'% July 12
1 >
-1 >
Press Inc
21V2 Mar
173/2
7
43/2%
29%
Nov
5
Co
Cuneo
Nov
9 »/8
89
20
Feb 15
7% Jan 27
-100
Corp
19% May
24%
3
10'
54%
6
17%
17%
115
*112
117
53/4
Inc
I
3% May
Jan
48'% Feb 21
105 Va May
32'% Feb
10
May
41% Jun
July
Jan
4
.
100
Cudahy Packing Co
400
>
133%
54%
54
>:v
6
9%
133
136
54%
5%
•.'
20
No par
Apr
24% July
105
Feb
3/2
102 % Jan
pfd—No par
>
23/4
Jan
45
r
—
2,600'
;
25%
107
'
10%
*107
10%
40
v
26'/4;
.
25%
26%
107%
93/4
137
53%
6
26
26%'-.>
26%
.*25%
*107
8,000
:
iw.:
'145;:.
*140
145
940
16% >
16%
16%
16%
*140
12%
14%
•'•
1,800f
7
243/4 7
24%
25
24%
10
137
,
53%
81
107%
9%
7,000
363/8
81
26
26
140
129
127
53%
35%
81%
11 «/4
18'%
Jan
6%
Dec
Jan
91'/4
7%
13
July 8
31'/4Mayl9
15% July ll
23% July 12
16% Mar 10
17% Feb 21
3
Jan 12
Jan
3
Jan
3
Jan
4
Jun 15
Nov
•*'.>'"... 'i.'
-
6 '/8 Jun 27
7% Jan
Jun
Jun
24%
3%
25% Jun 22
24
11
25
Jan
15%
July 10
25
Jan
Jan
f'
106% Mar 21
5
2% Jan
■
2%
10 %
16% Jan 13
,
'
36%
263/4
26%
107%
9%
9
90
81
140
107%
*106%
107%
•>;>.
171/4
26
•
■
9,100
]/ 353/4
1
16%
16%
140
27
26
26%
v
140
27
27%
♦106%
:•:
117
140
19%
101%
19
21 Va Feb 23
1
'
98'/2 Jun 13
4% July 5
102% Jan 15
•
100
101%
19%
102
■
16%
16 S/8
16%
27
6
5%
17%
•112
24%
140 1
127
54
.53%
■V 36%
81%
V.'93/a
,
129
*126
101%
36%
*80%
26'/4
>.
v
107%
93/4
>
101%
36 %
81 >
16%
27 »/2
*
101%
36%
80%
*130
140
*25'/2
18%
25
36%
80%
16%
18%
36%
36%
*130
49
*47%
18%
101% 101%
101
101
48%
18%
49'A
18%
200
;
48'/2
*47%
../•
48 %
.
>
1 Yt May
17%
—25
18% Feb
5% conv preferred.,
:
,.100 . 104'/4 Jan
Cream of Wheat Corp (The)
2 > 20
Jan
Crosley Corp (The)
No par
16% Jan
Crown Cork <te Seal
No par
27% Feb
$2.25 preferred
No par
45
Jan
Crown Zeherbach Corp
S
15'/2 Feb
$5 conv preferred
No par
> 97% Jan
Crucible Steel 6f Amer
No par t 28
Jan
5% preferred
—100
69
Jan
Cuba RR 6% preferred100 ;
20'% Jan
Cuban-American Sugar
—10 ?
11% Feb
7% preferred
-100 > 112
Jan
1,300
23%.:.
*25%
108 3/4
♦108
>>-:
5 Jan
1% Jan
Crane
11,200
25%
25%
7
5
15
1
Coty Internat
5,400
4
3%
4
253/4
4
26
28
Jun 16
29'/4 Apr 12
.
Inc
Coty
7,600
6%
6%
28
July 5
19% July 14 '
21% Jan 27
20'% Jan 10
95'% Jun 23
3'% Feb 17
Corp of America
Preferred
240
183
183
6%
26%
3%
4%
25%
*63/4
6%
6%
184
183%
7
*183
186
6%
4,500
.
24% Jan 3
83/4 Feb23
July
Copperweld Steel Co
5
Conv pref 5%
series50
Cornell-DuCiller Electric Corp
1
Corn Exch Bank Trust Co
20
Corn Products Refiping
—25
360
-
•
>223/4
*481/2
6,000
13%
.
'
25
700
18%
'
4%
108%
>
25
25
29%
18%
50%
*45
26%
>. 26%
26% ■>
' 108%
26%
•
32
29%
"
7%
7
4%
6%
45
173/4
313/4
18%
*29%
18%
18%
18%
45
184% 184%
183%
183%
18
32%
30
79
32%
*29%
,
8
7%
8
Dec
27
20
Continental Diamond Fibre
5
Continental Insurance
$2.50
Continental Motors
1
Continental Oil of Del
5
Continental Steel Corp
No par
Cooper Bessemer Corp
—No par
$3 prior preferred
No par
2,400
7%
7%
Sep
Jun
July
Jan
pfd
preferred
Continental Can
3,100
12%
45%
8%
42
8%
16
21%
Continental Baking Co
300
45
12%
44%
8
109
'
Jan
82
50
$4.50
Pow
Container
15,200
9
*108
v
6%
of Cuba
Consumers
441/2
Jan
preferred
$2.50
1,700
9%
9%
108%
42%
42%
26%
26%
9%
103%
9%
*1073/4
26%
26%
26%
263/4
9%
44%
7%
106%
107%
106%
42%
42
*47
108%
9%
9%
108%
49
27
26%
9%
9%
9%
27
27
27
26%
*47
153/8
15%
107
106%
107
106%
107
*15
49
*47
47%
47%
47%
47%
107
15%
15%
Jan
Jan
—No par
100
25
pfd
conv
Jan
29%
*2
No par
1
No par
Consolidation Coal Co
15%
15%
$1.25
Jun
1043%
13
36%
Consolidated Vultee Aircraft
23
*
July
1071/4
1% July 13
Gas
15 s/8
14%
Jan
87% Mar 11
Corp
Laundries
13
12%
Consol
12%
12 3/4
13
30%
41
44
Jan
253%
18% Jun 16
preferred
12%
30%
3
preferred
Consol Film Industries
30%
19% July
9
l
25
No par
No par
No par
No par
prefeired
$2 partlc
Jan
79%
15
23
6
19
10
Jan
$5
4,100
Oct
Jan
98 3/2 July
% Feb
Corp
5
Conscl Edison of N Y
:—No par
.4,900
24%
5%
5%
24%
1063/4
107
*106%
107
53/4
24
Sep
73
79
Consul Coppermmes
*>1,400
77%
Jan
14'% Apr 18
.>
Consolidated Cigar
30,500
24%
107
■
■
Congoleum-Nalrn Inc
$4.75
Jan
No par
Conde Nast Pub Inc
100
Jan
37
No par
Edison Co
Commonwealth
10,000
4%
4%
24%
106%
v
24%
24
4%
24%
/
6%
5%
GVo
23%
29
*96%
4%
107"
106%
5%
283/4
96%
24%
25
28%
4%
.:
5% Jun
1%
40 3/2
93/2
Southern—No par
>:
"
18,300
1,900
2,000
1,100
27
96%
■
►
$ per share
6
5'/4 Mar
^
3
7
84
No par
sevles
$6 preferred
Jan
Feb
Feb 14
93% Jun
16% Apr 24 > 22 % Jun
39'% Jan 25
47
July
37'% Jan
343'% Jun
105
Feb 11
106% Jan
40Va Feb 15
49% July
>
100
preferred
conv
Commonwealth &
3,800
19%
26%
■
Credit
Commercial Solvents
„
10,000
27
26%
27%
"••'27"'
9,600
!/?<
85%
85%
85
26%
18
9,800
:
Pictures
preferred...
43/4%.
106
*105
V
27%
27%
17%
■/:
24 %
5%
24
27%
17%
106%
107
*106%
I"
28
106
*105
i
No par
No par
No par
10
Comm'l Invest Trust
•
1-
84%
83%
83%
83%
83%
Columbia
Commercial
$2.75
42%
49%
if
2,500
-
.
47%
42
4
76
70
Highest
$ per share
sfyare
per
85'% Mar 14
80
Mar 9
Apr 25
r,
par
100
—100
Co
Carbon
Columbian
8,700
20 5/8
20%
,•
nv
preferred series A
5% preferred
200
*46
47%
42%
17%
17%
1
1
n
92
49%
49
1
li
21
41%
106
*105
18
/18%
17%
*89
*46
42%
42%
43%
48%
48%
48
*46
106
*105*
78%
21
21 %
47%
20%
•
•
47%
42
,
106
*105
106
*105
43
42%
42%
42%
*76%
90%
90%
91%
*90
20%
20%
*46
78
78
78%
*90
*77
'
■'
6%
2,000
90
83
78%
'
78 %
21%
-
823/4
83%
83
83
Year 1943
Lowest
Highest
$
S per share
Par
Columbia Gas & Eiec
64,900
43/4
4%
:■
43/4
4%
4%
4%
.
83
83
92%
*78
•91%
*46
4%
4%
82%
Lowest >
EXCHANGE
<
'
•
4%
4%
4%
'<
Shares
| per share
share
STOCK
NEW YORK
for
the Week
July 14
July 18
t per
Sales
Friday
Thursday
Wednesday
July 11
Monday
Saturday
HIGH SALE PRICES
AND
Tuesday
'
Range for Previous
■' ■
'
Range since January 1
STOCKS
LOW
1944
May
9
Jan
134
Jan
1593/4 July
124
Dec
130
115%
Dec
121%
Sep
Dec
Apr
Aug
E
39
*11%
13%
:
13%
13%
13%
13%
13%
13%
39%
12%
14
40%
39%
39%
39%
40
40
403%
12
12
12%
12%
12
♦170
171
170%
170%
168
169%
*167
181
181
181
180%
180%
*178
180
49% '
49%
20
20
20
45%
45%
45
*12%
12%
*49%
50
12 y8
,49%
49%
20
19%
20%
20'%
45%
44%
45
44%
12%
123/4
12%
168
167
181
167'%
*178
*178
Rolling
Eastern
6%
>
19%
203/4
20'A
700
45
44%
443/4
3,200
Electric
12%
'123/4
12i%
12%
8,700
5%
5%
51/8
5%
53/a
53%
53/a
5'A
6.Fnfl
Elec
5
5%
5'/a
5'/a
4%
51/a
4%
5
7,800
Electric Power &
93%
94
94%
93%
93%
931/4
87%
88
88
88
87'%
46%
463%
*45
46
33
333/4
34
93
93
87
87%
87%
87%
87%
43%
44
875/8
44
45
45
47%
32%
32%
32%
32%
/
*67
69%
♦106
106%
.
-
F
*68
*32%
69%
106%
68%
106%
105%
13%
13
12%
>
33
68%
106
99
98'%
99
100 3/4
100%
101
1033%
1033%
103i%
103%
103%
103%
103%
,
%
it
13%
13 3£
100
1001/4
100%
*103%
>
'
7%
13
104
-
.
%
U
13
133/4
•
12%
13
12%
13
58%
58%
58%
58%
,
For footnotes
see
page
-
243.
103%
-
it"
if
it
16,490
120
15.900
12%
13
12%
13'%
52.200
59
593/4
2,500
12%
13%
13
13 y4
12% -13%
583/4
58%
59
58%
58%
-
6,600
Nr,
—100
i.
tEauitable
Erie RR
Otfs
5%
of
Office
45% July
11%
Feb
19
45% July 8
13 »/8 Jun 19
No par
—
.No
—i
.No
Bldg——
common
benef int
pref series A—
1
4
18
3% Jan
4
30 y8
Jan
39% July
8%
Nov
14
1
273/4 Feb
Jun
Sep
Mar
5% May
1%
Jan
1%
Jan
993/4 Mar
3
31%
Jan
92
Nov
94% Mar
4
28%
Jan
88%
Nov
47% July 11
33%
Jan
42%
Sep
July 13
23%
Jan
5
.491%
Jan
3
101%
Dec
2%
Jan
16
5'/2 July
34
7
;
57»% Jan 25
;
68'% July
IOI14 Jan
19
108'/2 Jun
Jan
3
Jan
3
.
13% Jun
87
May
;
3
5% Jun
9
81'% Apr 25
78
Apr 24
3% Jun
8 3/4
ServiceJ
preferred
$53% preferred
$6 preferred
184
Jun 30
20 3/2 July 3
393/4 Apr 28
par
RP
Johnson Corp
preferred
Public
>
va*
_3
Natural Gas—!_n__
$5
800
13 y8
58%
4%
170
Sep
Jan
Jun 29
May 23
50
3
Apr
10
_No par
Storage Battery-.No
Engineers
950
<
Paso
37i% Jan
>;
.No par
preferred
Endicott
100
130
99
103%
—
68%;
105%
99
103%
1
1057%
99
100%
13%
*66%
106
99
100
%
El
12% '
100
13
Electric
2,000
12%
100
%
2,600
33%
12%
100
13%
45%
333%
12%
100
%
$6
13
99
12%
105%
1,400
45
693/4
*67
683/4
106
87%
12%
99
*98%
33%
Light
Jan
16 3/4 May
-
Ind Am shares.
preferred
$7
13%
13
99
*67
106
12"%
*98%
/
■s
Mus
&
1,600
93%
41
3
Boat
12%
5%
5%
Jan
35
184
19%
5%
146'/a
X173
171
44%
5%
3
7
201/s
12%
8% May
24
451%
5%
44% July
Jan
Feb
48%
5%
11%
Jan
Jan
48%
'
Nov
3%
157
491/4
700
9%
31%
23
133/2 Jun
175
49%
12%
93
6% Jan
.8
6
40% July 14
143/8 July
Apr 25
par
Eaton
5y»
94
£.' 33
100
.No
preferred
cum
5%
94
>■>•
Mills—'
Kodak Co
Eastman
20
181
i
Manufacturing Co— .—.4
Edison Bros Stores Inc
2
5
Electric Autc-Llte (The) —
49%
*49
12
121/4
*12
169
*178
10
—;
27
993/2 Jun 20
par
89
Jan
3
101
par
92 3% Jan
10
.104
r
Jun
July
% Jan
6% May
X32
"
Sep
581/2 July
IO31/2
Dec
91/2
Sep
54
Jan
92
23
57%
Jan
92%
Sep
1
62'/,
Jan
96
Dec
v*
Jan
12
Sep
IV4 Mar
No
par
13% Mar 22
8%
par
3% Apr 25
9% Jan
4
Jan
-No
Nr
93/4 Jan
3
13'/2 Mar 22
8
Jan
16 3/2 May
var
46% Jan
3
59 %Apr
Jan
52% May
10 f
11
4
39'%
16% May
Volume 160
Number 4299
THE COMMERCIAL
& FINANCIAL CHRONICLE
NEW YORK STOCK
LOW AND
July 8
$
July 10
-
S
per share
*81%:
86%
10 Va
10%
'14%
14%
10
•14%
36%
36%
4
•81%
-
>
14%
86
•83
11
*83
NEW
YORK
Range for Previous
Par
Erie &
88
Pitts
Eureka
RR Co
10%
11%
13,800
14%
13%
14%
^,700
Evans
35%
35%
; 36%
36%
3,000
Ex-Cell-O
4 Va
36%
*4%
4%
4%
4%
4,300
Exchange Buffet Corp
4%
36%
■36,
.
Vacuum
Cleaner-
3
Corp
2.50
41
41
41
40%
41%
41%
41%
41
41%
41
41
'
1,900
24
24
24%
23 %
24%
24%
25%
24%
25%
>
24%
25%
'
20,400
Fajardo Sug Co of Pr Rico
13%
13%
13%
14%
13%
13%
13%
14%.
13%
14
Z> 13%
13%
v
24,000
Parnsworth Televis'n & Rad
i:: i6%
16%
16%
♦101%
102 %
23%
23%
•20%
20%
9%
9%
27%
16%
16%
-102%
102%
102%
16
16
15%
103 7
*102%
103
23%
23%
7'*23%
20%
20%
20%
23%
•23%
23%
20%
20%
29%
20%
9%
9%
>: 9%
9%
28%
27%
28%
27%
27%
100
100
99%
/
16
•102%
23%
'/•
">
27%
100
16%
*102
.
>
'•
23%
20%
20%
23%
Federal
1,500
'
'
102 Va
102%
23%
.
16
15%
7
Fairbanks Morse
9%
9%'
9%
28
9% V
.
28
23%
101
101%
,
-28%
28%
Federated
Dept Stores:
conv
preferred,
4%%
99 Va
100%
100%
22%
22%
22%
22%
21%
23%
21%
22 Va
2,000
Ferro
48%
48%
49%
49 %
49
49
49%
49%
1,500
Fidel Phen Pire Ins
50%
50%
50%
50%
50V4
50%
50%
51
51
51
50%
51
4,800
•108%
109 %
•108%
"108%
108%
108%
40%
r.
40%
25%
>38
in
■
/
40%
.
a
25%
•107%
25%
:;w 30%
38%
-30%
/
40%
25 Va
30%
41
38%
30%
31
■
108%
108%
101 Va
41%
42%*
24%
25 Va
42%
43
24%
-
30%
111
♦38
30%
30%
>
107%
107 Va
38%
*107%
38%
38 Va
8%
7%
8'/a
8%
50%
50%
50
14%
51
,♦50%
14%
•7%
7%
14%
"
14%
•62
64
23
♦62
>
V/a
30'A
30%
*30
7%
7%
•7%
50%
50%
14%
♦14
64%
63
63
•62
64%
23%
23%
22'A
22%
23%
23
23%
22%
22%
22%
22%
*22%
22%
<
16%
16%
17
•16%
17
16%
♦103%
106
•103%
106
♦103%
105
105
:
no3%
106
34%
34%
.34%
35
41%
41%
41%
6%
,6%
4%
4%
4%
16%
16%
>
•
•112
41%
42%
42 %
42%
112%
7112%
11274
111%
6
6%
6V«
5%
5%
5
16%
16%
•
3
5
> 16%
16%
•40%
41%
•40%
41%
40%
•17%
17%
♦
17%
♦17%
7'A
17%
17%
7%
17%
'
7%
' 17%
54%
•53%
*13%
13%
7%
>17%
53%
13%
7Va
-7%
112%
40
.6%
6%
5»A
56.500
16%
41%
46
/
•W
100
"
17%
17%
*17%
54%
13%
13%
•105%
-
.
7%
7%
7%
17%
17%
17%
17%
*17%
17%
54
54
53%
53%
*53
53%
v
14
13%
13%
■v' 13%
13%
106%
106%
♦106:
♦106
48%
48%
48%
49%
48%
9%
9%
9%
9%
9%
49
...
13%
106%
•
106%
♦106
48%
9%
106
106
106
48%
9'A
>:::
154%
♦153
154%
10%
155
10%
11
48%
48%
106
'i
440
700
49%
154
-154
•
155
♦153
10%
10%
7%
11
18
,> 18 >: 18%
18 %
98
7%
7%
7%
7%
10%
7%
7%
9
•
18 Va
18
28%
29
28%
18
29%
148
147%
147%
•;
100%
101%
*t98%
•146„
..
10%
10%
77-
70
10%
10%
/
2,200
> 9,300
18%
17%
18
"*98%
7
6%
7%
7
100
17%
17%
1
4,000
.
Class
38%
•
43%
43%
,112%
112%
•3%
3%
39%
•123
y-
•114
100%
101%
29%
29%
43%
>
100%
99
/
29
29
ii
11%
130%
65%
227/e
9%
29
148
1.160
-/
•2%
7%
25%
•51
65%
129%
24%
11%
11%
11%
12
22%
22%
22%
11%
40
65%
31,200
129%
ir 300
53
*51%
17
3,400
220
2%
2Va
2%
2%
28%
27%
27%
27%
118 %
♦118
2%
2
81%
2%
2%
25%
25%
19%
19%
19%
19%
*18%
•i
82
82%
80
•»'
25%
25%
25%
29%
30
29 Va
•112%
113
•112%
24%
103
29%
103%
103%
♦103%
13'A
13%
13'A
13%
17 Va
'.
>
*86
87
*85%
.
163/4
17
17
98 74
2474
977a
24%
25
•973/4
977a
247a
100
5,200
19%
300
:>
»
51
*50%
5
147a
*36%
103%
25%
3,400
103%
60
4% %
16,000
Gillette
.
300
24%
3.700
300
4%%
52
48V4
49%
49%
49%
8,400
*110%
111%
lll'A
143/4
1474
*109%
27a
5%
27a
27a
5%
5%
5
'
18%
15 Va
37%
37%
24%
153/a
24%"
*18
37'A
247a
*108
14%
18
i
16 3/8
*18
153%
15374
153%
*1533/4
14'A
37%
37%
367a
24%
*233A
16%
363/4
-
4774
48%
473A
473/4
473A
23'A
223/4
227a
227a
12
15
157
117a
•117s
15%
5
162% >
162
160
15'A
J 4
56'A
56%
56
56
553A
49'A
567e
49 JA
49%
483/4
49'A
49%
147a
15
•/'/
5'A
163
.
110
/
473A
48%
48%
23%
23%
24 Va
113/4
11%
12 Va
157a
15%
5%
5%
164
57a /
164
167
Jan
-
4
Maris
5%
6
134
28
4%
71%
Jan
Jan
34
Jan
No par
19
9
Apr
5
113%
1%
93
Jun
32 % May
148
Nov
397/a July
44 Ve July
119 %
Sep
3
Dec
120%
Jan
Dec
z
Aug
July
~
83%
Jan
107%
11
128%
Nov
137
July 12
117
44%
July 13
131% Apr
130
Apr 26
Jan 3
Jun 22
Apr 25
9%
Jan
30%
Aug
8 Vi May
18% May
98 V4 May
Jan
20%
130%
Jun
66
3
Jan
'
July 12
Jun
Jun
151
Jan
7%
-
Aug
9V4
^
Jan
2%
3
3% Jun
126
Jan 28
Jan
3
Jan
Mar
Mar 23
29 Va
150
Dec
51
7% July 10
4
Feb
112
Apr 11
lVaJan 3
51% Jan 12
100
1
Jan'
:
56
14%
Feb
11
125%
24
17 Va
Jan
12% July 13
23% Jun 17
2Vi
Jan
6Va July
13%
Jan
24 Va May
Nov
6
4%
103%
Jan
2% July
3
28% July 10
8
118 % Jun
2'A July
83
39
Jan
A
131V* May
Jan
Mar 16
9% July
109
Apr
127a
*104
Nov
8V4
112
2 '/a
if ay
25 % 'May
Jan
Mar
115
%
Jan
31%
Jan
59
Jan
23 3/a Mar
Jan
July 10
15%
19% July 12
9%
56
55'A
557a
49 3/8
(Adolf)
Brewing
Co
Telegraph Co
Gold & Stock
No
No
Goodyear Tire & Rubb
No
$5 convertible preferred—No
Gotham Hosiery
No
Goodrich
(B F)
Co
$5 preferred
-
—
5%
15% May 18
10
Z-20
Iron
Prop
No par
6% pfd—No par
No par
100
Ore
Preferred
Green
12,500
Grumman Aircraft Corp
r
32,700
Guantanamo
450
13,600
55%
;■
8%
1
No par
143% Feb 15
57
May 23
43% Feb 17
19 Ve Feb 17
11
Apr 29
11^ Apr 18
par
3% Apr 3
123
Jan 26
6% Jan 3
33
Jan 3
43% Apr 25
*
100
preferred
No par
No
nrpferred
Oil
Gulf
3
3
3
25
Sugar
Gulf Mobile & Ohio RR
1,600
9,600
49%
14 Va Jan
25% Jan
24% Jan
*
10
preferred
5% %
3
23% Jun 28
No par
Greyhound Corp (The)
8
32% Jan
/
100
1
ft West RR
(H L) Co Inc
;
2,000
9% Feb
Western Sugar
27,300
14%
49
5
Co
Great Northern Ry
Great
3
100 'A Jan 25
No par
preferred
Great Nor
par
par
par
100
4
3
7
3
8
3
-No par
City Steel
(W T)
Grant
par
par
?
1% Jan 3
3% Jan 20
Granby Consol M S & P
Grand Union Co
Granite
7
Jan
1
Jan
2% Jan
85 % Jan
40
Feb
98
Jan
36% Feb
104 % Jan
8% Jan
1
Motors
Graham-Paige
Jan
3
Jan 6
Jan 19
18% Jan
4
45
Apr 26
50
1
1
100
preferred
conv
<
164
*54%
48%
Gobel
tGoebel
(The)
Co
7%
69
11'A
x83
No par
No par
preferred
6
19% Feb
8
Feb 17
No par
Gimbel Brothers
Jan
Jan 14
99
No par
No par
conv
$6
19
4
Corp
30 % July 14
113% Apr 22
25% Jun
Aug
5
12
25 Va
110
100
5%
14%
497a
1,500
y
Sep
July
July
51% Jun
19% Apr 25
No par
15%
,
14%
15
,
18%
6%
104%
1%
19%
No par
—1
Feb
47/3 Jan
10c
Green Bay
60
*57
60
>
3,400
5,400
*154
--
117a
15%
5 "
3/8
27%
223/4.
:
11%
157a
43/a
158%
1474
15
567a
11%
15
4%
4'A
156
487a
117a
15V*
*ll5/a
47a
'
?■
'
15%
23
15%
12,300
36%
X473A
49
2274
400
27'A
*57
60
23 Va
800
.
16%
16%
3,900
^
24%
27
*154
49
,
36%'
154%
*57
60
*57
> *24
v
16%:,
27
*48%
*57
37 Va
•37
24 %
300
r
,
363/4
"27%
66
14%
36
154%
■
3,100
18
14%
363/4
v
35,600
163/4
17
357a
5
18
$5
Preferred
5
5 Va
18%
14%.
5
*18
147a
*57
-
60
5%
18%
400
5,300
J
"2%
2%
27a
2%
23/4
15%
*108
*108
•••
>
15
15'A
147a
•
267a
'
-
:
€:
27
267a
27
'■>
24%
v
357a
27
■
147a
167/a
35%
27
14%
V
111%
111
111%
-14'/a
112%
>
27/a
*24 y4
*110'A
lll'A
*110'A
143/4
112%
16% f:
14%
5,600
54
48'A
48
4874
36 Va
155
40
106%
106%
48
16 V*
474
3,100
49
355/a
15%
14,300
48%
167a
*11%
1%
3%
3%
105
105
52
1%
4
600
36 Va
23
-V'
102%
16%
153
37a
52%
35%
27
l3A
13A
:
*51%
52
*51
102
Telephone
Glldden
102%
*37
Jan
101% July 11
Feb 16
128
51%
125%
36%
v
No par
1
No par
Equip Corp
Safety Razor
preferred
97%
4.000
53'A
■?■
37
18% July 10
140
par
preferred
24%
700
192%
24 »A
5
Apr
107
l7/a
15 Va
-
Jan
■527a
37 V4
•24
Jan
15%
*102%
5
102
81% Jan
4
25% Apr 19
•
11%
1,900
527a
15%
11% July
v
Jan
14
4
11% Jan
.
Apr
53%
?0%
113
102 Va
18
Jun
Jun
14%
Jun
91
52'A
r.
4%
'
9% July
6%
Jan
6%
July 12
155
Jan
9%
51
24 Va
102%
15'A
41%
7%
143
6%
■■-;
Jan
52
5
18 y4
*18
1063/4
*105
52%
274
11
.
30 % July
Jan
102
>
10% Feb
49% July
Jan
3
/„
18% May 20
107% Jan
Oct
19%
16'A
51
27/a
7% July 10
54% May 19
Jun 21
Apr 28
Jan 24
Feb
8
Jan
3
Jan
3
May
147a
60
97%
105
2%
3
105
Jun
4 Va
Jan
28
1
3
14
4%
Jan
15
102
112%
18 Va Jun
Jan
1%
9%
■
22
24%
105
51
10674
1474
2%
5
July 10
July 5
July 14
46
Jun
20
88 Va Jan
102
U1V»
5 %
17
Dec
Sep
26% Jun
> *10174
*109%
31Vi
4'A Jan
preferred—No par
Corp
20
Gen Time Instru Corp
No par
6% preferred
100
General Tire & Rubber Co
5
98
4
>.
Jan
9
25
24
17a > 2
15
17
22% Jan 20
*103
*9778
243A
4
lll'A
38 V4 July
General
16%
37a
147a
Dec
Gen Steel Cast $6
16%
2
109%
29%
May
1.530
163/4
37a
lll'A
75
1,700
1678
17a
48%
Feb
80%
13%
4
48
15 V4
50
16
25%
86
2
50'/a
52
21
Jan
13 % Feb
51
Jan
par
No par
No
General Shoe Corp
13
37a
*105
19 % May
Jan
5%
•
,
No
A
General Refractories
86
98
100
10
preferred
Gen Realty & Utilities
$6 pref opt div series
867s
17s
527a
Jan
16%
16% Mar-7
No par
Motors Corp
Railway Signal
133/s
50%
102
: 25% Feb 10
No par:
6%
867/a
17
Corp„.
preferred
87
4
107
•
July
57
4
5
10 %
"
100
No par y
100
Public Service
13
2
52 >A
3
5
14
July 12
Jun
114
Apr 18
Dec
13 % July
54
Dec
12
36% July 11
42 %
12% Jan
No par
preferred
133/g
51
105%
Jun
9% July
53
>
14% Jan
76
Jun
25 Va
103%
9,300
24%
-
•112%
113
25
105
23
'30
30%
29%
*112%
24%
24%
4
1017a
105
Jun
July
25%
25%
25%
29%
113
*112%
24%
24%
25%
25%
29%
113
2
*49%
Apr
17'A Jun
Jun
22 Va
80
81%
24%
23
-
_J)
-50
preferred
Gen
81
*18%
19%
83
24%
3
2% Jan
'
No par-
Outdoor Adv
$6
1,800
~1%
*79
25%
24%
82%
9874
__1
;
;
Common
6.500
50
1%
81
19%
98 Va
24%
15
2% Jan
,
par
preferred
$5
Gen
2%
•118
>79
5%
Gen
'
*9778
Jan
103
„-Nopar
preferred—:—
Cigar Inc
preferred-
General
27%
2%
27
1%
> 1%
81
•79%
25%
25%
27%
♦118
"2
1%
82%
2%
27%
28
•118
~2
•80
25%
167a
A0
'
General Printing Ink
9 Va
17'A
Co
Gen Precision
105 %
86
4
13
70
20
3,200
9%
857a
237/a July
18
Jan
13% Jan
.-No par
1
(The)-,
39%
Feb
100
11,700
105%
v.
39 V4
58% Mar
29% Jan
12%
9%
83%
86
22
1
22%
'
*84
66 Va Jun
Co
12
105 Va
13'A
5
Trailer
22
t
9%
103
53% Jan
■
Jan
30% Jan
Genefal Mills—r,
L
105%
13%
Jan
9%
$6 conv preferred series A-No par
500
116%
22%
19%
103%
Jan
14 Va Mar 28
Jan
Gen Gas & Electric A
10
130%
129
12%
22%
■
.
82%
13 Va
3%
30%
7
1
i 112
Apr 17
2'A Feb 10
>115
Jan 11
/
65%
53
*51%
19%
♦102%
Jun
No par
9%
24%
28
11% May
16
A
$4.50
120
23,300
3Va
105%
24%
Jan
43% July 12
117
Jan *3
•9%
25%
19%
40% Jun 10
105 %
29%
Jun
July 11
8% July
5
par
♦130
129%
♦129%
53
22%
2
113
♦112%
36
No
9%
25%
"•28%
Jan
Foods
*114%
•
66
83%
83%
25%
General
105 %
y;
5
39% July 11
9%
25
109
24
105%
-25
>
130%
22%
118
>19
117 /
12
81%
Jan
35
9%
82%
Jan
No pat
105%
2
25
115
♦130
66
•129
53
2 Va
•118
Jan
31
20
Jun
15%
3
24% Jan
5% May 16
9
44% Jun
10
Jun
July
97 Va
Electric Co
113
3%
43
31 Va
7.300
*126
130
-
65%
130
•51%
> 42%
: 113
3%
115
115
130
43%
113
112
3%
.
3%
Jan
19
General
43
50%
..10
cl A
Nov
19 %
Jan
May 13
26'A Jun
109
13
25.800
39'A
38%
*126
27%
2%
•81%
42%
113%
' '
39%
98%
Jan
25%
July 14
43
4
18% May* 4
104% Jan
10
cum
7%
80
9%
/
27
2
43%
148
38%
-
Jan
127/8
100
General
1,700
*29
148
105%
9%
105%
26%
•129
53
>'11%
22%
105%
a
115
65'/a
/
22%
:
•114%
•129 %
148
39%
3%
v
116%
130%
•51
7
•126
130
♦129
:
39%
♦112
3%
•126%
65%
148
43%
7
113%
3Va
126
65
54
•112
3%
130
129
.
113
•114%
65%
;
>29
>•51
43%
126
130
64%
43%
147%
39%
3%
115%
•129%
>
39 Ve
113
,
126
-
39%
43 Va
39%
78%
42
„1
(Robert)—
Apr
25 V4 July
38% July
;
Dec
6V4
Jan
34% Jan 13
Corp
(The)
18 Va
Jan
par
No par
Gen Amer Transportation
—5
General Baking
2
5
$8 preferred
No par
Generai Bronze Corp
—5
General Cable Corp
;
-_No par
'
Feb
15
par
preferred
'
/;
35% Jan
par
25
No par
Co Inc 7% pfd
100
Co
Dec
3%
105% July
29% Apr
3
preferred
Inc
July
13
■
100
98%
28%
•146/-. 147%
,>28
Jun
-
$6 preferred
7,500
/ 153
*150
153
151%
10%
V
109
19%
Jan
18%
27
103% Apr 25
Jan
par
1
Gen Ainer Investors—
2.800
9Va
48%
9%
*9
v.
'
-
7%
Jun
Nov
6%
No par
Gaylord Container Corp
'5Va% conv preferred
1,800
y
■'
9%
51
Mar
May
11 Va
No
Wood Industries Inc
Gar
'7.500
13%
8
42
28
NOV
No
Corp
Gardner-Denver
25.400
7'A
7 :y
17%
54
y
38% Feb
Nov
86
2
"
'
>
6%
Jun
10
Gamewell
2.270
17%
.,42
41%
1,200
16 Va
16%'
50
Nov
Nov
No
preferred
Co
Galr
.
3
27
Co
Gabriel Co
5,400
>':■ 5%
Jan
Jan
Sugar Co
Fruehauf
5%
■'
*16%
41%
17%
17%
3,100
4% %
Jan
17
45
78
'
87/a
101% July 12
23 Va Jun 26
93
<
July
%
21
28% July 10
;
Sulphur
Freeport
.
6'%
"
41
-54%
■
22% Jan
No
preferred
prior
5,200
34%
Steel
F'k'n Simon ft
10
/'
*
6%
Francisco
"
•
3% July
5
Machinery Corp
42%
*111%
112
Stores
(The)
Foster-Wheeler
"
•40
7
106
42%
•17%
17%
370
34%
6%
Jan
5
10
100
Stove Co
conv
Food
1,000
35%
5%
29 V4 Mar
30%
23
20% July
Food Fair Stores Inc
2,800
16%
*103%
106; v-
5%
250
1,100
'
Jun
24
,25
preferred
Follansbee
4,300
'
22%
42Va
y
Jun
Nov
;
6
4
$2.50
Florsheim Shoe class A
22%
35%
6
'
/;
35%
.
Jun
14%
24
Jan
__1
9,577
.
'100
35%
5%
6%
*. 5%
17 >
16%
36%
-
41%
112%
•112
113
6%
''.j.
35
42
•112
>
>
t
22%
16%
Co
17% Feb
102% July
Apr 24
N Y
Plorence
22%
,
22%
16%
National
$4.50
.
18
21
5
Corp
1,200
16%
23%
•22%
16%
i
V
62%
*61
23%
♦16%
10
Jan
17
preferred
Fllntkote
6,300
v,
14 Va
14
First
1.800
/
Enamel
4 Va %
500
50%
14'A
50
14
22% >22%
>
1
7%
50%
49%
14%
•62
64
450
38%
50
"
•14
/;
^
25%
:
"
» 8%
-
108%
108%
?c%
111
•38
.
y
41%
•
•107%
y.
38%
108%
??%
25%
111
•107'/a
37%
30%
40%
40%
25%
111
> •1071/a
38%
>
110
4
9%
Jan
20
21
19% Apr 26
Firestone Tire & Rubber.,^
♦101
'
14% Jan
-100
No par
100
49
101%
Jan
5%
25% July 12
14% Jan 17
3
5
23%
v
41% Jun
18
2
23%
/
Jan
3%
19
No par
Federal Motor Truck
48%
:
68 %
_
4% July 14
3
21% Apr
9% Jan
Corp.l
15
Federal-Mogul Corp
5,600
4,000
;
23%
22%
*4j
37% Jun
per share
15
11% July 14
29
25
33% Jan
-
par
No par
49%
'
:
15% Jun
'2% Jan
20
Light & Traction
900
/
9%
.
No
Oo
900
>
20%
9%t
ft
$6 preferred
Federal Min & Smelt Co
130
y
■
7
78% Feb
Highest
per share
'
4%
4%
,
23%
/
15
6% Apr 19
9% Apr 18
21% Jan
3
i-5
40%
/
78% Feb
5
Co__—_
Products
Lowest
t per share
% per share
.
50
10%;.
Year 1843
•Lowest
/
10%"
:
Range since January 1
Highest
STOCK
EXCHANGE
Shares
J per share
...
y
the Week
14%
" 14%
14%
Sales for
Friday
July 14
S per 3liare
96%
10%
*■
*
v
July 13
35%
4%;
4
•81%
11%
14%-
:
Thursday
July 12
S per share
86% ;
10%
147/a
36 V*
STOCKS
Wednesday
11%
•
■'35%
•
4
'
86%
RECORD
SALE PRICES
t per share
share
per
•81%
HIGH
Tuesday
July 11
Monday
Saturday
237-
19
108
Sep
Dec
July
Jun
233/a May
113
Jan
143A
Jun
253/8
Jan
Dec
Jun
103% July 11
13% July 10
Jun 17
17'A Jun
x99% July
43A
Jan
9'A May
Jan
74
19
5
Jan
14'A
7
59
Jan
85%
90
603/4
May
Sep
Oct
25
July 11
143A
Jan
223% July
51
July 11
41
Jan
48
fe
Jan
4
VA
Jan
3 3/a May
28
73%
Sep
97'A Aug
2 Va Mar 27
4Va May
Jun
108
Jun
17% May
54% Jun
19
24%
Jan
104
Feb
17
83
Jan
102
50
Jun
19
25%
Jan
112% Jun
26
907a
Jan
417a July
108% July
15 »A
July 13
109 Va Jun
Jun
3
5Vi July
18% Jun
29
4 V*
80
22
5
19
457a
.
v
Dec
8
Jan
5
77a
37% July 11
Feb
25% Mar 15
24
Dec
13%
Dec
July 12
17
36% July 12
Mar
29
8
Jan
23'A
Nov
Dec
37
Sep
26
<
July
18
1
Apr
327% May
273/a
Jan
Jan
154
Dec
57%
Sep
65
Jan
5
31'A
Jan
50
Sep
July 14
24
14%
Jan
21'A
Dec
11
Jan
13% July
13
154% July 12
67
Feb
3
50 Va Jan
24 Va
217a
Apr
17
July
137a May
Jan
29%
July
16
93/a
27a May
6 3/4 Apr
Jan
3%
Oct
1013%
Jan
Jan
if
Sep
12>A Jan
138
11V* May
10%
Nov
5% July 14
2'A
Jan
5
Jun
July 13
16!A May 17
59
Jun 23
81%
Jan
16074
Jun
37a
Jan
10 ya May
25 3A
Jan
41% May
497/a May 19
44 V*
Dec
50% July
15% Jun
167
H
*30
31:
*31 •
>
33
*31
•
33 r
*31
:
33 :
'
•31%
31
'
31%
33
♦31%
7',. 7
-
*
'■
33
19 Va / 19%
16
16%
*107%
109
*103%
>
19 *'
f
?
104'
19%
149
''
19%
149
•
8%
*107%
,
* 8%
-
'
16%
" 110 '
*108
•'
■
19%
16'/a
•
104
-
20
104:
'
«144%
*: V
31
8%
19%
>
8%
112
16
*
*103%
20V4*
*
144 %
8%
110
r
104r
f
7
19%
19
15%
15%
108%
',*103%
20%
20%
149
31%
19%
r
31% >.
*15%
19%-
15%
*108
21 V
149 f
-
♦144 %
*
8% *
V
8%
19%
.
15%
108 Va
110
104
104
w
20%
149 1
8% •:
20
*144%
8%
15
15%
*110
110
104
31%
19%
31%
31%
> /19Va
33
*32
•
"
'*30%
♦144%
149
8%'/
19%
*
-
•
8%
-
103%
'19%
149
-
8%
170
j
1,300
,
2,900
<
103%
.
20%
.
,
*
30
110
r
8,800
r
10
<
Water—
-10
1,900
7%
6%
Hanna
(M A) Co $4.25
Harbison-Walk Refrac.
_No par
-100
..
pfd„No par
No par
preferredCorp of Amer. class A
6%
Hat
.
preferred.,
OIL
nwAfarrflH
100
1
1(1(1
4
32
1 July
28'A Jun 26
38
'
27
.25
preferred class
Hall Printing Co
Hamilton Watch Co..
Hackensack
Apr
15% Mar 13
-
11% Apr 26
J 06
102 "
Apr
11
Jun 14
19% July 14
16 Va July
3
21
6
150
,.
Jan
5% Jan 14
: 1 Ai
.Tan
*
7
5
July 13
110
104% Jun 30
15% Apr 24
138
May
July 10
Jun
87A Jun
11fV
8
27
July 12
22%
Feb
28%
Sep
35-
Jan
38
Apr
12 y4
Jan
18% July
9%
Jan
104% Mar
13%
135
Jun
Jan
18% July
Feb
144% May
4% Jan
86
15 3A
lioya July
Jan
7% May
109%
Oct
LOW
July 1<>
July 8
1 per
$ per
share
8%
,
(%
6%
.
July J1
8%
8%
8%
5%
6%
5%
105
6!/a
105%
106
105%
22 %
*74% '75
74%
74%
t3
131
131
24%
86%
*22%
24
*118%
24
*23%
*23
23%
22%
22%
22%
23%
43%
44%
44%
44%
45
16%
16%
V:
16%
16%
16%
16%
17%
\
17%
17%
17%
17%
*110
<5%
♦41%
44
*
113
•11)
1J
13 V*
<
37%
37%
m
-
.
:
13%
12%
37%
37%
2%
69
69
37%
2%
2%
9%
,
9%
9%
•
27'/*
2%
2%
9%
9%
9%
700
27%
27%
27%
27%
27%
27%
27%
27%
3f/a
X;
15%
14%
15%
14%
15%
14%
15%
14%
15
3%
■<
3%
3%
3%
3%
3%
3%
3%
3%
3%
28%
18%
,19 %
19
28%
19%
28%
18%
28%
19%
28%
18%
28%
19%
44
44
42%
43%
43%
43%
29
28%
18%
*?8%
18%
19%
28%
29
44
43%
<
41%
42
42%
44
C3%
63 %
62%-
63%
61%
62%
62%
62%
61%
62%
16%
16%
16%
16%
16%
16%
*16%
16%
16%
16%
17%
17%
17%
17%
17%
17%
17%
17%
17%
17%
42%
42%
104
103%
42%
103%
104%
103%
104%
104%
103%
62 %
82%
82%
83
83%
12%
12%
12%
12%
12%
12%
12%
6%
6%
8%
*8%
8%
*8%
39%
39%
40%
39%
39%
39%
39%
♦113%
114%
113%
113%
all3%
113%
8%
*8%
8%
10%
9%
10 Vs
6%
-
t.%
5%
31%
31%
'
19'A
18%
19%
63%
63%
631/2
10%
11%
11
u
•
•'
65
-
r
39%
33%
4
,
130
*120
JO
19
19%
19
19%
10%
20
20
20%
;
*~-4
5
18%
X
*19
195/s
83% 84%
45%
*44%
39%; 39%
78
*74 r ;
83%
*74
76%
18%
■
19%
18%
19%
3,700
19%
19%
18%
19
19%
20
19%
19%
19%
.4,500
v;!,
19
19
36%
19
35
17%
17%
J7%
,«
17%
36%
v'i36%
17%
17%
36%
36%
♦36
*110
112
—
*140%
■
*140%
X;;
17%
17%
36%
is
.18%
36%
36%
*110
112
—-
.18%
.
36
'
\,
■
—
*f>7%
.
—
97%
97
98%
98
98
07
•97%
*97%
r;
26%
-27%
70%
70%
70
8.6
67
85%
13%
•
20%
20%
n*/i
♦120
.V'V " J
•
_
26%
85%
'
'27,500
26%
26 %
*69'A
69%
85%
*84%
,85%
;i*13%
20%
11%
37 Vi
37%
36
17%
121
121
;
11%
11%
11
*16%
20%
20%;,
*120
«
17
20
20%
20%
10%
37
*36
:
37
%<
X
17
17
*35%
37%
37%
16%
16%
X
17
17'/a
*2) %
22
22
22
22
223/4
22%
22%
X" 22%
24 y8
24%
24%
24%
243/8
24%
24%
:;■:' 24%
-
35
4.800
11
36
*17
22%
24%
24%
im
19
V";
114%
*112
114%
33%
XV;;
17%
23
23
24%
.
19
19%
19
19 Va
19
19%
19
114%
*112
114%
*112
114%
*112
33
33%
1,000
22%
22V4
*38
39
*37%
„
33%
33 3A
23
23
40
:
23 '
23%
38%
*38%
38%
6%
69 Ve
.
♦!)
9%
0%
'
i
35
34%
i
•56%
162
Jan
175% July 11 •?
3% July
4
18% Jun
4% Jan
3
6% Jun
25% Apr
19
Feb
7% Feb
3
66
;
.
68% Jan ' 4
12% Jun
iun
92
19
Mar
Jan ;
67
July
28.
3%
3
11%. Jan
12
Jun
Dec
Jan'
69%
Dec
3%
Jan
11%
Jun
37%
Jan
71% July
44
Apr
38% July
39
Jan
36
,
July
28
19% J.un 27
Jun
Apr
July
14%
Jan
45%
.
45% July 11
39% Jun 27
78
July 6
Feb
36%
138
Dec:
8%
20
13
3
Nov
129
21c
13
6% May
Jan
25:
5.
35% Jan
56% Jan
127
4% May
Jan;
39% Jan
117
Jun
July
11%
July 11
19% Jun 28
84% Jun
I7
7
11
177'*'
55%
r
135
3
13% Feb
Sep
74%
6
32% July
Jan
Apr
177
V2 Jan
5
30.;
July
77
Mar
9%
Jan
20-
Mar
9";
v
79% Jun
3
13
130
Jan.':
Jan-
15% Jan
Jan
Nov
115
>:
144%
V'1% Jan
65
Jan
•
175
165% Jan 28
■
3
8% July
38% July
Jan
6
>
10% July 10
Jun 16
27
29
67%' Apr 25
Jan
60
102%
22
Jan
Jan
-
6%
27
Dec
115
-
6%
,
July
167/8 May
16% May
Jan
12
20
19
20% July 10
9V4
Jan
18%
Sep
4
19
July 13
10%
Jan
18
29
Jan
6
37
July 12
27% Jan
138% Jan
17
141
Mar 15
13% Jan
3
—1
I
Co—
—1
No par
L
»
par
•
27
Apr 22
107% J an 21
84%
Feb
90
,
RR stamped—100
May>' 8
20% Jan
•
15
3
.
Jan 75
*28,406
'
6%
6%
69%
25%
253/8
10
93/4
10
*33 Y*
25%
34%
34%
36%
36
36
36
36
*103/4
11
10%
*87%
34
*33
33%
35%
'
25 %
740
'
No par
.100
3
V Kresge
1,400
■'.;/>
.1
Dept .Stores
.
s
135
9%
Jan
Jun
Apr
145%
>
;
32%
Jun
Jan
' Feb
16% July
110
Feb
10
99 Vs Mar
109% Aug
10O
Jun
19
70
Jan
-18% Jun
37
16-
July
26
5
34
July
92%
Sep
78
Aug
79
Aug
27% July 10-'
19%
Jan
26%
Apr
70% July 1Q
54
Nov
65
Apr
6-4%
Dec
82
8%
Jan
12%
Apr
Jurf
95 v May
25
■
July 10
5
87
13% •July
-
i
10%
*10%
103/4
X X X
560
88 Va
*87%
89
XX.
150
30
*29%
29%
4
19% Jan
xl2%
Jan
121
5,
25
14% Mar 28
Dec
5%
,
19
39% Mar 11
17 %
July
23
Jan
17
4
6
Apr
29%
Apr
17
Sep
17
Dec
Sep
Jan
Jan
Jan
24% May
Jan
16% May
Jan
25
24% Jun
29
26
19% Jun
29
8"%
;
111
par
par.
<
Jan
113
Apr
115
May -8
34
July 12
28%
Jan
35%
7
19% Jan
par.
par
102
•
9
23% July 11
15%
Jan
20% July
25
Jan
May 18
29% Jun
-
34.
Apr
July
17
38V2 Jun 28 *
7% July .7 v
1%
Jan
6% July
54% Jan
28
70% Jun
2
34%
Jan
58 % July
Feb
11
25% July 12
18%
Jan
24%
Sep
Apr
31% Mar; 4
,
Feb
3
22
6% Jan
_~1
27% Jan
—No par:
No par
& Co—-
Sep
Aug
7%
>
14%
V20
1
Co
,
10%
11%
July 14
"
—No par
"
.10',
Stores—^—!
19%
127
Jan
"
13% Feb .19
1
'.
Kroger Grocery & Bak
'
.1,300
(S S)
Kresge Dept
Kress (S H)
•
1,100
,
35%
21% July
124 :i Feb
'
—5A—u-1
Kayser (Julius) & Co_
Kelsey Hayes Wh'l conv cl
2,000
;
35%
.;
15
Kinney (G R) Co
$5 .prior preferred
3,100
,
103/8
*10
27
6% Jan
—No
No
Keystone Steel & Wire Co.—No
Kimberly-Clark Corp—
No
200
X
V
16% Apr
120% Jun
Kendall Co $6 pt pfd A
Kennecott Copper—
;
.1,500
•
6 3/t
69 Vt
36
i.
-
69%
253%
9%
40
68%
34%
347/«
36%
25%
.22%
'
*38
40
.10
City P & L Df ser B—No par
4,600
X
33%
" 6%
..;
63/4
9%
9%
*38
40
25%
25
9%
38
35
34%
3J
08%
25 Va
25
24%
24%
V
6% Jan
154% Feb
par
Jan s;
106
6
13
8% July
3
6% Jan
par.
rn % Mar
13% Jan
•
1,300
^
19
22%
23
22%
69%
1
68%
68%
23
6%
63/4
68%
7
7
7
7
67%
100
Nov
6%
21%
Apr
July
.78% July
15% Apr
-<
9%
7
8% Mar
168
AprJan
62
40% July lo¬
66V2 Jan •; 4
10%' Jan 14
Kaufmann
•
1,600
X.-
114%'
33%
34
33 y4
34
69%
'
-
pat.
158%
Jan
i Kansas. City Southern.
4% nop-cum preferred—
-
*2)%
11
28
58
Kan
'
33%
Jan
100%
86% Nov-
.
85
July 13
12% July
5
Apr
-Kalamazoo Stove & Furn
400
.
24%
♦112
19 y4
>
V 33%
19
9% May
7%
104% July 12.'.
Jun
5
3
29% Apr 27
109% Jan 27
Steel...*.—No par
pref series A—
100
pref series B couv——-—100
Joy Mfg Co
i-——1
10
.
10%
11V4
11%
900
-
*121
*121
121
~
37
71% Feb
5%
1,600
May
19% July
44% Jun
32% Nov
164
6
Mar
5%
1,000
13
Jan*
11% Jan
,
Chicago
May
Jan
104% July 11 *
Jones & Laughlln
1,000
i
-
13%
20%
13%
&
48
11%
5
July
3
4 % % preferred—._u
'
100
Johns Manville Corp....——No par
Joliefc
„
69%
*13%
13%
3,600
98
26%
*85
*16%
*1)2
98
*97%
69 %
69%
85%
n
—
26%
26%
69%
*13%
98
*97%
86%
13%
*20
'20%
11 Ye
%
) 1
97%
98
x 17%
31% May
Jan
4
16% July 11
4
16% May
Jan <
Jan
-xx
♦120
-
.:
13%
13%
96%
*97%
70
26%
C9%
■♦85% .60%
13%
13%
.
'
27%
26%
28%
(.9%
,
—.
..._
Jewel Tea Co Inc
1,000
2% May
15
preferred
Jarvis (W B)
5,200
«
36
112
Jan
15
iNo
Island Creek Coal
$6
Jan
11% July
1
Intertype Corp
\f.
29% Mar
l_No par
No par
Foreign share ctfs
Dept Stores
400
Jun
Jan
8
8
—.
Interstate
5,000
*110
112
82,400
35
:
19
36
36%
*109%
130
Jun
10%
,'V
18%
Jun
„
600
2,700
19
18%
*140%
'
19%
37
—
590
,
76%
*120
130
*120
130
36%
*140%
•109% 112
45%
39%
V
18%
*36,
112
X:
36%
*17%
?*I08
2,400
3,6,200
27/8
Jan
37
88% Jan
158
—100
International Paper Co
;.
15
5% conv preferred
—100.
Inter Rys. of Cent Am
..No par
5% preferred
10Q
International Salt
t
rNo par
International Shoe—,.— —No par
International Silver.
50
7% preferred.
100
Intern'l Telep & Teleg
.No par
:l; 3,ioo
10%
18%
18%
::
*120
20%
20
34 Vt
-;
?
v
19%
♦18%
84%
*140%
•140%
-
18%
18%-
-
-
18% f-
34 VH
34%
34'/«
;
♦J.8%.
*74
130
J8%"
J 8%
39%
78
84%
10%
45%
45%
39%
*75
1.8%
*)8
*44%
84%
39
83%
84%
45%
39%
73
18%
84 "
85
10%
10%
43?.;
39%
*120
130
*120
*10%
10%*
19%
-
Jan
100
par
No par
10%
83%
4
i
42% July 12 "
'
84 \\
19
83%
39%
45
39%
*76%
76
*76%
19%
Apr
Jan
7.
Jun 26
67% Jun
5
14
100
Preferred
41%
4%
a
35% Apr
Int Nickel of Canada—
130
134
19%
.19%
18%
83%
8
21,300
31
134
18%
*84
85
45- "J
45
31%
134%
83%;
10%
tn
84%
65%
45
31
134
Nov
Jan
22
15% Apr 25
.17,200
5% ^ 6 X
31%
32
July
9% July
4%
19% July 10
..No par,
Preferred
s,
68%
11
28
4% Jun
Jan
114
30%
44
25
5
100
1
2,200
79
135
18%
„v
,
16% Jun
4
3
—No par
Machines
Int
9,800
,
Va
46
57% July
Jan
Mar
59% Aug
37/a Jan
6
29% July
Sep
July
July
22%
28% July
3
Hydro-Elec Sys class A
International Min & Chem
4 %
preferredInternational Mining Corp.
17%
:;V »77
6%
5%
.
3%
17%
670
.
3
3%
Business
International Harvester
6,100
175%
175
Int
500
79%
79
83%
837/a V
x
6Va
173%
17%
*77
4,200
.63,700
73%
3.%.
17%
.'
'
173%
175
175
17%
5%
9%
79
78%
3%
135
9%
175
*172
3%
31%
31%
135
135
8%
10
9%
78
8%
.
44
105
5.,
25
^20.
1,
Corp
...No
preferred
Intercont'j Rubber.,-.—...No
Interlake Iron
No
17
28
Feb
100
.6%
45
Jan
%
2% Jun
10% Jan
..No par
Interchemical
2,100
Jan
-
10% Jun
25% Jan
par
-
42%
8
par
Inspiration Cons Copper
■140
8%
3%
*77
■■;;;
5% :
5%
31%
31%
135
*133
133
m
79
*77
39%
113%
preferred A
Aug
Jan
9%
par.
Insuranshar.-Mi, Ctfs Inc
700
33%
#
113%
8
<
8%
113%
39
;
17%
X;
$4.50
2,500
9,000
12%
*8%
No
No
No
No
Apr
117
*
11
24
100
1000
-
Rayon
Ingersoll-Rand
6% preferred
Inland Steel Co.
900
.
86
12
8%
113%
175%
18%
6% >J>
6%
3)%
"
17%
73
*76
78
•75
3%
*38
78%
175%
175%
3%
.
18%
18
18%
IB
3%
8%
172
78%
78%
175%
175%
3%
3%
3%
78%
78%
*174
: ' 175
175
171%
174
173
175
78%
:
78%
ve
9%
10%
*173
175
♦173
8
8%
10%
10
•
113 %
113%
8%'
6%
,
9%
82
Industrial
500
104
4%
ctfs series A
Indianapolis Power & Lt
900
12%
8%
36%
12
12%
♦7%
<*61 •?
RR See
2,500
*85%
85
lines
Leased
17
Jun
36%
;
8% Feb
1% Jan
20
17% July
Sep
31
12
4
40% July
;
Jan
12%
■
Jan
,
25% July
•
.
115
-
4
100
.
Jan
7
\
10 i:;
Mar
21% May
Jan
28%
100
preferred series A
720
*161
84
84
6%
Aug
-16%
x
37% July 10
21
22% Mar
-
July
,,
1% Jan
6
_1'
71
118
Jan
30"
,13% July
-
30% Feb
100
:
RR Co
Central
Illinois
830
104 '/$
^
Jan
Jan
14%
70% July 11
112
7% Feb
5
Manhattan
&
25
*
Jun
Dec
Jun
136% Aug
49
>
,
5
69 % July
Feb
of Texas v t c
Dec
100
r
,
18
Aug
29%
Jan
7 47% July 13
Jun 17
45
Jan
63
Idaho Power Co
3,700
42%
108
July
17
Apr
•
87
Jan
*
6
117
Jan
54
100
5
6
17% July 10
Apr
3.
13
May
par
Hupp Motor Car.Corp
2,400
34,800
-
17%
104
*161
*161
19.300
J24.800
*103
104
'
.•
13% Jan
non-cum
16%
17%
4
39
preferred
100
Hud Bay Min & Sm Ltd—No par
Hudson Motor Car_,
No par
5%
4,100
*42
„
:
Hudson
61%
61
*16%
103%
103%
*161
,.X
♦161
•151
42%
104%
-103%
103%
,
42%
42%
104
104
•103%
102
102
42%
*42%
42%
42%
*103%
>
27%
14%
16%
V/?
Jan
42
par
& Power Co—No
Sound Co_
Howe
3.200
3,800
27%
27%
15%
Houston Qil
18.500
12%
37
36%
2%
12%
37
23
116
..No par
preferred
Houston Light
900
12%
12%
37%
5%
10
*
*•
*68
No
B
Household Finance
1,200
113
69%
69%
Class
13% Jan
Feb
.
10
'
59
*112
Houdallle-Hershey cl A
400
,4.300
17%
17%
68%
,
No par
100
12.50
No par
July
.
45% July 14
4
13% Jan
5
12%
73
Mar 10
23% July 11-
21
36% Mar
-10
,
Homestake Mining
9,100
.
:
'
9%
9%
-
44
113
12%
3,000
47%
44
17%
17%
69%
2%
2%
47
44
69
36%
2%
37%
47%
47
*43%
(Del)
68
2
20% Jan
1 %
The
(A)
Holly Sugar Corp—
7% preferred
•115
*112
;; 12%
2%
•
(C E)
Jun
v
118% July
23% July
3
Apr ?7
19% Feb
Z110
Hollander & Sons
,
t
*9%
"
18%
12%
Hires Co
Holland Furnace
1,200
.
17%
69
69%
'
JO
10
70%
37%
2%
17%
113
69%
12%
.
16%
17%
17%
17%
♦112
70
70
70%-
*70
16%
44
69 X
69
113
•112
113
*112,
*16%
Xl7%
47%
*43%
17%
17%
67 %
69%
^
'
'1
44
1,100
45%
16%
*115
46%
46%
44
17%
■>-;:-V.6<r
60
45%
44
17%
17%
IV/?.
•64%
46%
*43%
•v
45
2,300
'
22%
*22%
22%
45%
*116
♦116
46
46
22%
45%
*
114
No parX.
Hinde & Dauch Paper Co
100
23%
23%
23 %
17
■"*17%
*116
Jan
17%
16%
m.
X
63
par',
„No
Hershey Chocolate
$4 conv preferred
al.
172
19
24
Jan
71
71
25;*
128
121
Jan
128
27% Feb
75
100
preferred
110% July
_
89
No par
.6 %
.
3% May
Jan
152Jan
7:
134
No par
120
♦
July 13
18
Motors
Hercules Powder
131%
Jan
56%
•
Apr 24
20% Apr
Hercules
1,500
Dec
1%
a
22% July 10-
21% July 14
10% May
6
93%
29
165
Mar 11
160
15
6,200
*70
22%
/
•
100
preferred
Co.
25
*118%
121
45%
22%
44
10
_25
W)
non-cum
85%
71
*118% 121
1%
Hecht
24%
4
130%
*68
71
*68
69
*23
131
*129%
131
600
•
87
121
(G
Hclme
2,100
6
I per share
share
per
29
Jun
7
108".; May 24
75% Feb 25
Mar 13
63% Jan
t
share
per
9% Jun
6% Apr 28
2'A Jan 28
99
*129%
25%
87
*65
21%
74%
Co
85%
24%
85%
*118%
,
230
*164
23%
130
:
.
74
165
165
•162
Hayes Mfg Corp
Hazel-Atlas Glass
30,900
,
21%
74%.;;.
88
22%
22%
•43%
74%
24
•129%
'
121
24
•22%
75
105%
'
21%
X21%
22 %
5%
105%
105%
105%
87%
68%
♦118%
12).
•118
131
131
•65
68%
•65
*22
•74
9
5%
6
1
9
-25
Hayes Industries Inc
2,300
8%
9
5%
*23%
88
88
68
22%
74
♦162
24%
24%
24
23%
22
74
♦162
'
•162
105%
104%
105%
22%
*105%
8%
8%
6%
"
$
$ per share
Par
Highest
Lowest
Lowest
XX. y.
V
'
9
6%
V, :
Shares
t v*r share
Year 1943
Range since January 1
Highest
NEW YORK STOCK
EXCHANGE
,
the Week
July 14
$ per share
$ per share
% per share
share
8%
,
.•
July 12
Sales for
Friday
Thursday
July 13
Wednesday
1944
Range for Previous
STOCKS
HIGH SALE PRICES
AND
Tuesday
Monday
Saturday
Monday, July 17
FINANCIAL CHRONICLE
THE COMMERCIAL &
-.
2%
Jan
10%
4
35% July 11,-
23 %
Jan
32 J/4
4
31% Jan
36% July 10
24%
Feb
9%
Jan
July 13
10
25
•
Sep
32% Nov
C
'
00%
10%
10%
10%
10%
9)
90
91
89
893/4
88 %
89
29%
-,♦10%
11 Va
29%
29%
293/4
29%
29%
30
24
24
24
24%
44%
43%
43%
44
JO%
10%
10%
10%
31
30%
31
30%
30%
125%
6V2
•
30%
,125%
V
6%
24 Va
*233/4
25
*23%
X44%
44%
44%
44 Va
10 Va
10 Vs
10%
10%
10%
30%
30
30
*30
30%
'
*125
6%
„
€%
G'%
2
28
34%
63/4
34%
/,
1%
2
24%
2
25
/
125
125
mv2
34%
21%
21%
42 %
XV
~6%
42%
1%
2
1%
1%
N
24%
25
24%
25%
k
36
35%
35%
34%
35%
21%
213/4
*21%
213/4
42
42 Va
42%
42 3/8
2
21%
.
21%
41%
42
•
X
;
;
v
1%
34%
343/4
213/4
Lee
1,600
X
40
21%
42Va
2.400
...
■
-X 5,100
52%
L2%
'
*
40%
*45%
82%
*82%
82%
:-64 Y?
04 Y?
84%
*108%
m%
180%
r
46%
42%
42
180%
•
31%
42
42%
*40%
For footnotes see
41%
page 243.
.>■ 82 v2
*31
*1
*40 V*
8
•
52%
8 Va
*46
47
*83
83%
'/•;
1813/s
32
413/4
41
85%
181
*31
41%
*40
853/4
181
32
41%
40 3/4
»
523/4
523/4
,
7%
8Va
7%
8
46 V*
*46
46%
83%
*83
83%
*83
.
85
180%
*31
41%
40%
85V4
181
31%
41%
40%
84%
84%
*180Ve
7.500
.
;
,
,28,700
-•
200
V'
'
1811/4
*31
,.
•
42'%
41
41
1
380
200
-<■
4,900
200
No
Libbey Owens Ford Glass
Libby McNeill & Ubby
Life Savers Corp
__
Series B
i
—
_
Lily Tulip''Cup Corpl——
Lima Locomotive; Wks
19%
Jun
Apr
24
Jan
Jan
3
44% Jun 26-.
10% July 5;I
26%
8
8%
Dec
21
Apr
113
Jan
31
26
7
4% Jan
15% Feb
.7% Mar
4
.
■
53
6% Apr
24
Jan
8
11 %
,
;
14%
Jan
23%
8% July
5.,
5..
48% Jun
27,,
26
No par
36
;
37
8
3
Apr
•
25
Jan
6
181% Jun
*
l'[
Jun
38%
Dec
43%
,
Dec
8"% Jun
41
July
;
Jan:,
71
.
73%
July
Jun
Dec
182% Aug
22%
t
27;-
Jan
Jun
Jun
July
22%
•
v
Dec
.62
62% Nov,:.
Jan
28% May
24
Jan
34%
Jan
171
43 V8 Mar 16
42% Jun
.
27-;
31% July 10
■
30
27-
83V4 Jun
•
32
31 ...•: Jan
86% Jun
26% Feb
V
Jan
6.;
3
174 V2 Jan
20%
Jan
3
13
par ;
Jan
July
67% Jan
100
2%
July
x43
3
July
8% May
24
July 11-x;
217/e Jun 21..
5
120
Jan
Jan
Jan
36
14
Dec
July
2%
30
26 Vs July
5
Jan
42
Oct
9
29
.
,V
107%
,"
21r:
2 % Jun
36 % Feb
39%
■(
Jan
20
5
*
29
4
29% Jan
July
125% July .6
3
1 % Jan
;
68% Jan
—No par
Jun
Jan
11%
25 /
No
Oct
29%
12.,,;
„25 -
-
73
Jan
24% July
18 % Jan
;
— ——
—
Preferred X——
Link. Belt Co
par
.7
Jan
17%
July 12.<
30
16% May
.•
35
19
39
Liggett & Myers Tobacco-X
800
1,800
,
31%
41%
?
17;.
31,:
38
Lerner' Stores .Gorp—— .—No par:
1.800
Jan
May
13
104
17% Jan
5
—
Lehn & Fink Prod Corp— ——5
1.400
:
:
53
46%
52%
47
85%
85
*181
52%
83
*45 %■
.
85
31%
32
*31
"♦40%
8 Va
8
47"
<.&■ %
523/4
52 V4
8%
8
HVh
52%
'
;
Jan
Apr 17
f: 26
par
Lehigh Coal* & Navigation Co.—10
25
Lehigh Pbrtland CementX
-4% cony preferred
100
:
50
Lehigh Valldy RR
No par x
Lehigh Valley. Coal—
50 x,
X- 6%
conv preferred
—1:,4
Lehman Cqrp" (The)
-
.
Rubber & Tire
62 X
—No par;
—No
3
14
9% Jun
.
-
7*100
-
100
—-.100
preferred
Lambert. Co (The)_.^
Lane Bryant__
5 %
;
8.000
24%
42%
i
500
>
17/B
..<
-9,200
•-
6%
24%
*
.1.100
:
■
,X
V-
!,
6V8
35%
21%
42%
6%
6%
24%
2
■
35%
21Y?
6V2
*125
*125
*125
24%
■:■"
25
♦41%
'
2,100
■X
24%
44
30%
lOVa
44
10%
44
19%
•23%
30
;
24 Va
24%
♦43%
*
-
Laclede Gas...Lt ,Co__—
.
-
.
44
May
43
July
Volume 160
Number 4299
THE COMMERCIAL & FINANCIAL CHRONICLE*
NEW YORK STOCK
LOW
vf
V.
>:
Saturday
July 8
>
•Monday
>
July 10
•f pershare
AND HIGH
-Tuesday
-
SALE
t per shore
i per share
:
r: ■:
.
RECORD
PRICES
Wednesday
July 12
:
»
July 11
*
239
STOCKS
Thursday
Friday
Sales for
-
NEW YORK
Range for Previous
Range since January 1
STOCK
•
-
July 13
.
t per share-
^ July 14
•
;
•'
$ per share-.
the Week
v
S per share
Sharet
■
*
EXCHANGE
•
Year 1943
Highest
Lowest
t per share
t per share
Par
>
•
v
Lowest
*
!
Highest
per share
$
,
"
21%
*21%
21% •
27% " ,27%'T
,
•:
17
67'/4 * 67%
-
10%
21%
22
29
28 y4
28%
17%
18
17%
18%,
28
68%
67%
52%
>17%
68%
52%
52%
21%
"*
21%
-
27i/4
•
»
17%
2,500
Lion Oil Refining Co
4,100
Liquid Carbonic Corp__
29,700
Lockheed Aircraft Corp.
Loew's Inc
1.
1
1
■y
•:
27%
17%
.
•
■
67%
*67
17%
•
18% Feb
4
19% Jan
13
14% Jun
No par
;
7
22% May 17
12%
29
15% Jan
Jan
21% July
21% Jun
1
No par
•
66% - 67-%
""51%
51%" 52y4
4,500
> ' 4,300
52-
Lone Star Cement
.>
1_1
July li
.__No
par
Corp
58
18% Feb 24
t
68% July H)
42 %
52% July ltF
'
37% Jan
May ' 1
40% Feb 24
por
1
Nov
25% Mar
Jan
64% July
51% Jan
*
10%
10%
5
,20%
-11%
11%
11%
IVA
31% : 31%
-32
20
28 "1
'
•
*
52%"
*31%
--
21%
21%
67%
10 y4'
20%
21%
28%
'
68%
67%"
31%
20
21%
-
--2&%
51% : 52%
10%
31%
'
"
•
5i%<>:
51% '
21%
28
■A 17%:-17%
17%
-
per share
31%
31%
,31'/4
20%
,
20'/8
20%
HV2
11
•
31%' '
20 y8
20%
159%
X31
•
159'/4
201%
'
•
*11
>3iy4
•
>
-20 % >20%
Long Bell. Lumber A
11,500
v
Loose-Wiles
1,200
Lorillard
4,000
>
Biscuits
(P)
25
*
1
COi
8% Jan
No par
1
28
-
31% July
3
Jan
-
6Va Nov
18% Jan
3
20% July 13
17% Apr 29
10
Mar 21
12
'3
11% May
'
31
16% Oct
Oct
21%
Jun
•
160
160
*158%
•-,*23% ' 23% !>
'90
*158%
23%.: 23% <>
•>
>:>>;
90
160*''
90
..
90 "*>
.
160
23%
23%
r
24
24
89% V
*88 %
-
160
|t158%
90
90
24 '/a
24 y4
*89%
!>
•
159%'
89 y8
159%
-24%
-24%
>
preferred-'
Louisville
600
&
151'
100'
^
No par
^
162 Vb May
5
Jan
20% Jan
Jan
.
15%
24% July 14
90% Mar 17
12
69% Jan
3
Nashville.
14H
4
,
"A
100
Louisville Gas & El A
2,900
>' 90
90
1%
60
1
'
Jan
59% Jan
I
■
163% July
22% July
79
July
>> M
•' *29%
.
29
%
29%
29%
r '*
*137%'
29%
*136 '
"•43%
>>>
44
"44%
36%
"36%
:36%
106%
105%
106 y4
1
-16%
<
s-n:; *16
16%
17%
-*16
'
:> ;" 17%
'
*365 •'* 400
*365
*8%
8% y >
8%
12%
•13%'-'
>13%
22 %
*
■
22%'
V
8%.-22-V2
400
8%
*22
29%
29%
«t>
t
106%
:
>
16%
17%
*365
< 7
400 *'
8%
22%
3%
13
*22%
> ; 3%
18
(
•"
8%
'»■; >'■
8%
a- :;>
16%
400
•'
i
Magma Copper^l—
Mahoning Coal RR CO—;
;
i
8%
13%
22%
'-3%
3%
Manati
4,000
8oo
:
Sugar
Mandel
200
6,700
->:
I
21
139
Apr
44% July
27% Jan
20% Jan
H
26
133
29
,29
May
138% Nov
July
10
Jan
37%
> 19% Jan
38% May 27
3
.
104
Jun
! 6
14
100
»
:
*22 %
£9% July
6
Feb
34% Jan
Jan
12
Bros—
P_i
Co
.
!
Jan
15
Nov
315
Nov
9% Jun
27
5
15%
\4
10% Feb
3% Jan
•
3%tv
3%
3%
:
8
•-
8 Vb"
~
'
18%
-
18% "
'
"17%
>
1
19%
19%!":
17%
17%
19%
20'/8
20
f
18%
>,
20%
8 Ve
.
>
'■:•
Marine
Midland
-2,380
;
-
c : xi7%
> 20
.
17%"-v
20 Vb
- 17%
:
^
'
20
■
17%
f'
Market
St
8 Va "
7%
9
8%
>"9 !'/ '.'•: 9% •:
9%'>
20%
'•
8%
v
^1,500
9%
Corp
Ry 6%
' -•:
'29
22%;:>>*:>
59
rv- "59
"9%
"41%
;
9%".
'*
22%
*175
'
> -
•29
22 %
22
f
:•
44%
:45v4.:»
29
29-
:29
59%
9%
11%
£
59
Ve
11
•-
'
22%
*175
'
\
22%
44%
43
22%
59
59
; 44 ;••
"
*110
*110
«.
*>">'
12
—
59
'•*
"
'
V
■
(■
22%
L
37% Apr 1 4
—1
'•
.19%
*112%
"27% -27% "
27%''-
•
20""'*-
*18%
27%
27%
207/s
21
*58% "59 ]/4
Mathieson
2,800
: 25 >/4 May: 5
1,400
"27,700
c
:>•
42%
>
1,100
4
-.No par
Alkali Wks
preferred.
L
May Department Stores—
Maytag Co
—No
$3" preferred
1——No
$6 1st cum preferred
No
1%
;
v
i
10%
V
*110
116
*112%
32
-
31%'
*31%
*112 %
31%
>18%
18%
18%
54%
53%
24%
25%
24%
25
101% 101%
101 i/s
102
"
55
•
21''
116 •'
-*
,
?':;;
*3i31%
18Ve > 18% >
53%
54% >
31%
is y8
18% >18% '54%
53%
27%
28% r
20%
20%
116
53%
.
*28
28%
*20%
*112%
116
31%
31% 18%" : >
54%" ;-
*31%
'>■^54%
>oy2
-20 '
*112%
116g| r
27%
/■'• 31%
101
'
25
25
f 101
13%
25%
101
;
13%
101
13%
"
13%
115%
*111%
*111% 115%
"
:
13%
*111%
11%
11%
95
95
•*83%
:.t "
*111%
»
•14
*46
Mar
>
32%
*111%
115%.
11%'
1151/4
;-i4% •;.
14%
15%
22% Jun
47%
48
47%
32
*31%
,
4,400
-
>
1,000
"
11%
11%
Mead Corp
5,800
99
*86
87
37
37
par
7
110
106% Mar
par
*•
■
"33%
32%'
33y« :
33%
r
,1,300
14%
;
1'4,500
14%
>47% 48
*31%> 32
1
>
:
47% >47%
/
,
.
'
.•
7%
7% >:
;?
28'
:i*3?
37%
"
37%
.
7%
7%
27%
27%
*37%';
38%
37%
130
27%
36%
.27%
27%
*31%
37%
130
130
130 ■> 130
v.
32%
5 %
Merch
,
'
'
8
32%
:
.
::
*52%
54
.
*52%
'
53
54
4V
*109%
>110%
"
>41 » 41%
41
"
•
f
53
*53
*110%
.
*107% 108 V*
|
41%
37%
37%
129%
:
129%
53%
53%
40%
39%
130%
*521/4
54
40
*109%
112.
*110%
108%
*107%
*109%
"
112
40%
40%
40
.
*109%
112
*110y8
*107% 108%
108%
»_
112
40
^110%
>.
1,400
,
i
J 08%
%
8%
! 111
*108
22%
'
8%
23
8%
87/a
.'111. V 111
■
"23%
:
*108
/ > 23
23%
8%
lit
8%
23%
23
23
.
>
*22%
""
22%
4
4%
16%';"'
.38%
.'22-
*2.1%
85%
38 y2
22
:
r 86
86
""
86
116
115%
117% ; £
116
us
112"*
112
112
-:
22%.
22
.33%
%'
22%
23
86
86-
87
>*112
;
22%
22%
22%
86 %
87%
,
*115 %
116%
*115'/a
116 y2:-
•:
*116
117
*116
117
113%
113%
113 y4
>39
48
40
*39
47%
8%
*39%
40
27%
23%
23 C
22%
22%
22%
22%
2? 1/4
*33
33%
*86%
'•>*24
49%
13%
13%
>
%
>.%;
8%
78
115%
*114
8%
>49
Mach Tool—
8%
.
77 Va
■
>
«
-1.000
13
13%
12%
13%
49%
49%
49%
%
/a
Ve
%
%
16%
16%
16%
16%
16%
;
50
*48%
%
'
50
13
12%
*48%
4
500
r
'
100
./
114
13%
Motor
Co
17% Feb
>.
>
10,900
I'll
Sep
Jan
Sep
July
32% Mar
Jan
34%
Apr
Apr
42
-
5% Jan
9%
): 18% Jan
30%
5 > -V 20% Jan
31%
,
-106% Jan
Sep
Jun
128
July
If)
Apr
113%
Feb
5
{
Myers
Nov
3
Jan
"
Jun
3«)
.
4% July
% Jan
112
48% Jun
113
Dec
116%
14
Dec
106% Nov
3
—5
—1
Corp of America—
i
119
Apr
114% Aug
Jan
July
39% Oct
Jan
27%
9Va
Jan
17-
Jan
18%
>4% Jan-. 4
9% Jun 20
50
21%' Jan
2%. Jan
72
88
3
Jan
Jun
24% July
20% Apr -29
78
> 70'
May 24
112% Apr 11
J'
3D
53
Jan
15
24
July
7
Jun
Jun
Apr
Mar
i
Jun
.77'- Jun
Apr
111
-
3F
Jan
62
3
July J-2
116% Feb
Mar
121
Jan
19
-
Jun
11 y8
;
July iO
33% Jun 28
s
par
92%
13
23
> 26% Apr
'
.
33 %
24% Jun 27
7
Apr
Nov
'
31%
19
July 14 •>
40
Dec'
75%
'July 10-/
15% Jan
—i-
11%
30%
Jan
'•'•1
Jan 24
117% Jan
16% Jan
par
par.
3% Mar
3% Jan
17%
•87-% July J 3
;—No par
50
July
: July 12
117
Jun
July
25
5
8
23
May 20
8%
98
13% Jan
29% May 31
23%
Jun
79%
8ep
117
8% Jan
70°
-10
3
13% Jun 20
5%
Jan
Aug
11% July
43% Jan
>
—No par
(F E) & Bro
: Feb
,
64% Jaiv-
39% Jun 20 *
3
4
Wheel Corp—_—:
Brass Co
Murray
107
21J/4 Jan
*Mullins Mfg Co class B
.$7 preferred——
No
Munsingwear Iric—-—;—v—No
Murphy Co (G C)
No
4% % preferred
/
107
0
16% July
3
3
Jan
74% Apr :25
i
;
2% Jan
20
...
•
100
>
Feb
34% July
12% July
23 7/«
.26
> 23%: July ID
5
8 Vb Jan ;
29
f
-10
,
Mueller
.
*
114
,
>
24%
78
*24
78 %f
114
9,200
•
,
88
*87 Ve
,
&
.Chemical
Motor Products Corp
2,300
800
89
*78%
V:
25
20
9%. Jun. 23
19
6% Jan
93% Jan .13
f
-No par
'
32%
8%
8%.
88
24
*77 :>
114
>
-20
& 'Essex.;
Morris
:
1,600
.
22%
32%
33l/4
.24-
.>
;
22%
100
'3,930
,
23%
22 y4
*86%
87%
24'%.
76
115%
>
8%
87%
*24
«
28%
27%
33
33 Ve
17,900
V
M5y4 Aug
10% Apr
4% Jan,
15
108% Jun-
•
1
;
40
49%
> 13%
49%'
8%
88
76%
114%
13%
*48%
33%
24%
•*75
78
> *115% 116%',
ii6%
33%
8%
87/8
87;:
24% *
?
"76
»
*
*23'/a
23% #23%:
24%
,
48%
Feb
Mar .17
112
A——No par ■ 111%'May 22
115
Jan 27
Preferred series B—:
7-No par
> 107 % Jam
5
$4 preferred series C——No par
•> 41% Apr
26
Montgomery Ward & Co
No par>
'"35% Jan-11
Morrell (John) & Co———No par
10
40
..
i
Jan
27
5
110% Jun
3
$4.50 preferred ser
30
27%
27%
23 Ve
.
Carpet' Mills
Monsanto
*
'
27%
.
"■
10
,
113%
»!:
23%
8%
*86%
'
r
116
;';•' 47%
'48
40
47%
47%
"22%
,
*115'/a
*112
>>
60
0
42y4 July
Feb
Jan
3
July
July
11% 8ep
67% Jan
f
130% July
8
.58% May 29
>107% May 22
100
preferred series A—:
1%
> Monarch
1,700
Jun
30
Jun
38
Mar 13
108% May
—No par
Mo-Kan-Texas RR
Mohawk
'
47%
.
'
4
1,200
»
Jun
8% July
4
Apr
25%
6
t>
34
36%, Apr 26
105
No par
10
Corp
2,100
116%
> 116
*112
*112
•5,500
>;> 86',/ 86'
;
'
28
87%
*48%
22 Ve
46
Apr
101
0
28% July 10
4
Sep
16% May
50%
6% Jan
48% May 18
.:■■•
Apr .25
v
July
33
3
29
Jai>
14% Jan
>
15% July 11
1
.
Jan
116% Jan
»!
Jun
37% July
4
.
Mar
6
i-
"
22%
Jan
27 !
—1
;
preferred.
$6.50
11,500
85
37'
.
'July 10
■
>•>' >
Impl—,
Moline Power
Minn
16,000
'
Jan
-i 25
100
100
'*.* •',?u!>'■ \ '•'•;>
•>:;
Mission
37%
>•: 37%
>
1
15%.
15%
:•;
23
24%
*114%
>
13%
37%
4
27%
33%
77
"37%
*116 - 117
28%
"
'24,%
77
-
38%
3%
23 % "
"28
33%
8%
38
38%
*115% 116
v
v;
40;
*86%
.•
'
15%
•
"23%
28
23%
23 •;
.
;
47%
47
.
>39
40
"«,27%'
.
'
46%
15'/8
4
86
•
115%:
*116
v 46%
>39
;
16%
22
.
:>
*115%
*111-
3%
15%
*•
:>
3% >. 4
4%
16%
38%
22
-
>'
3%
15%
16%
•38%
'
38%
-
'
4 Va
.,
16
70
Steel Products
4%' preferred series D
600
,
*
-A
"16
95
13
9,300
4
>
.
Jan
27'%'Jan
20
'8%>
114
Jan
8 Vb Jan. 14
Sep
.113% Oct-
38% Jan
> 11% July lO
8
>
17%
Ja»'
8%
Oct
July 14 <
82
31% Apr 28
-
Sep
22%: Aug
19% Jan
'
13%'July 10
4
:•/>>'''.:>
> 109 >: 110
22%
>v 22%
> 110
*1C9
25 %
103
112% Feb
^
16
6
Feb
18
104
;
6
Ma^ 1
Apr
10
-*
*
110
Jan.:
.
*
8%
8%
,8%
109 >
109
21%
97
■
36
11% Jan
i
-55% July
29
Sep
7% May
*
Jan
123/4
23
19% July
Mar 20
24% Feb
»4%% preferred series C
-
:":>y--8%' :;i
4,600
s
Feb
-10
112
*107%
108%
*107%
108%
Jun
14
>No par
%% cum 1st preferred—
100
Minneapolis & St Louis Ry—No par
Minn-Honeywell Regulator
-_-3
4% conv pfd series B—•
100
1
310
,
Copper.—
Midland
400
•
;
>y
^*109%
*110y4
*109%
112
32
—5
Mld-Contipent Petroleum—
v
"40%
Apr 27
Jan
47
100
No par
Miami
■
"
Jun
27
Co
100
-
Aug
60
2% Jan
3
% Apr.
-18
"
531/2 >
129%
21
112
;
-i
6,100
,
28 Ve
*
.
13
No par
6,800
7%
27%
:•
Mesta
,6,200
Jan
Feb 23
1
■
Jan
176-
217/a' Feb
28% July 13'
5
"109 3/p
(The)
^_1
conv 1st preferred-^
-50
& Mln Trans Co_—,_No par
Machine Co—:
:
5
Mengel
990
i
33
32%'
:>. >•'■ ':' 7%
36%
7%
27%
37% ;
130
130%
;>•■ 130%
8
"28%
27%
31%
7%
':
331/4;
'
'7%
27%
>
> 16
preferred series A—-~No par
$5.50 pfd ser B w w:
--No par
Melville Shoe Corp_——
—1-
'
47%
32%
19% Jan
$6
10
-
>
-
37
J
Jun
27% Mar
Jan
>
15
44
May
43 % July
32
July
-
197/» Nov
11% July t<> ' July !♦) *
6
July
24 j
7%
Jan
165
Jan 24 ''
59% Jun
'4
4VZ Mar
5
preferred
McLeiiari Stores Co
6% conv preferred
'•
34
preferred w w
$4
-
; 2,600
.
14%
14%
conv
Mclntyre Porcupine Mines^
McKesson & Robbins Inc__'
•
25
103
*96
88% >
36%' 371/4 /
33
!
115 y4
V
*17
Ded ^
22
27
32% Mar 10
McGraw-Hill Pub Co.——>_No par
2,8 00
13%
99
14%
14%
*30%
*96
Corp
McGraw Elec Co
400
1,207
13%
11% >11%:
*
">
37% V/
*36%
'>'
*111%
13%-
5%
,
31%
102
88% >:' "'*86
*86 '
37%
"48
>
99
88%
*30% >32%
•13%
>18% Apr
31V2 May
20
175
2
52"% Feb
Jun
29
Sep
6%- July--
Jan
3% Jarv
.
*
par
•
1
!-100
McCrory Stores Corp
53%
-24%
v.
*96 :
36%
'47
47
*31
24%
24%
102% 102%
13%
11%
1,800
fy
"
"
99
*83%
37 y '■
-14%
'
11%
"
;
88%',
'
36%
37%'
*96
95 '
> *85%
88%
37%
*
115%
11%
11%
./
"
•33
13%
■"
-"'''ii%
»•• *94
>>,- 13%
13%
McCall
17%
/:
*53
..
14%
;
51% May 17
19% May 2
170 .;
100
-10
'
*17%
'
"
25 '
.
3,000
>■
28
21
>> >21
*112% 116
>
9
9% Jan
9% July 12
,-
Jan
3% Jan-
.
„
r
'
20% Mar 27
3
:
2»7%
May 17
,
17% July 1<>
3
'
4% Jan
'
■v
*42
>
^7
'
Elec Co_'_—.—.'
Master
200
\
'
;
>
»-10>f
:
21
5
13% Apr
,16% Jan
..No par
^.No par
Corp——
Masonite
4,500
-
•'
29 "'
22%
•*175
>;; ■;> >
43
*110
45%
8% Jun, 27: >
3'
6l/aJan;
12 % Jan
,
1%
\
A
1
Co,
Corp_—1
Martin-Parry
3% Jun 3<>
19
Jun
19% Apr--.
4% Jply
'
*28%
V
10%
i>41
•
">->•• 45"
■
-.'2
.>' 9%
,
43 V-
*110
■.'
•
22%
■
■'>>; ,.58%
11% >'
43
H
'
•
29%;"
>>:22%
;
*175
-;:> io%
11%
44
45
.*28%
•
*175
:'
59%
(r
r-
"
>3%
*110
46%
*28%
•
"59%
'
43
> 45 y4
4
2% Jan
1
5
100
prior pfd
—No par
<Glenn L)
Martin
,•
i: 25,000
(
;
Marshall Field & Co
15,900
f •/
18% >18%
'
Maracaibo Oil Exploration
13,100
/**:••'8%
v;8
18% >18%
•
-
'
"7%
-
*175
•'
8%
8
■'->> 18%
17%
'
3%:>)
'
*
29%" '
.*• 22%
:
•
•
8Va
18% 7
17%
••
•3%
: 8 :>
'
•>•46% ? 47 »
46%
*28%
.
"
3%
•
46 %"
■
■:
r
>
■X 18%
17%
>19%
'
g
8
•
•
18%>
17% T -r '-•"■-17%
19%
>>>'•'7%
!
■'
8V4
8
•■'18%'
*
'
*
3%
"3%
•
•
Mar
8%
•
13% July 10 V >, 6% Jan
22%. July 7 "
14% Jan.:.
18% Feb 24
25
Dec
24% Mar
320
'
-—_—No par
Manhattan Shirt
> 10
5
21
18% July
391
815
Jan 21
>
6% Apr 24
50
'
>>••
Jun
30% July
i>
Jun
16% July
14% Jun .' 9
;
r10
i
105% July
"
t' Madison Square Garden——No par
•;> 13%
13%-f7
22%">
w
4,000
:,(••'
:
Co Jnc
pfd series A
■.
k
18
135
4_No par
No per
:
'
4'A%
/,>"8%
13%'
22%
:
22% r
"
18 ' -V
*365
Macy (R H)
> 25% Apr
-10
i
100
Mack Trucks Inc
x
>> 5,900
Forbes:
&
preferred^
; 6%
3,200
36%
*16%
■wti
'•''•>;••
*365 " 400
8%
>
13
*
17%
MacAndrews
:♦
t
106%
*105%
16%
*16%
«•.
17%
600
*
.
44%
44i/4
36% > " •^> 36%
*105%
? ■t '
f
*136
'
13%
if'
"
>
i-';
44%;'-
36%
106%
*16
87/a
.'
> 13%
-
29%
,yf'>
44%
36%""
36%
16%
*365'
> >
44 >4
*105%
17% ;+'■
17%
29%
*136
36%
*16
•13 Vi -"
*22%
'
30
44% > : >•> 44%
>
400
•
*29%
*136
•105%-107>
18
<
/>:•
36%
36%
■"h*> 17%
-
■
'i
43%
•44%
*105%
y -*
29%
*136
5
49% July. 13
34%
Jan
44
Feb
N
%:
:» w
17
,"•
17%
37
*36
>
-
> >18%
18%
.;;'.11%
12% >
12%
13%
13%
12%
X12%
22%
227/a"
>
20%
20%
14%
•\ 32
>17%
>'
'
17%
13%
'>3%
24
17 %
17% >■
>7%
12
13%; 14%
>*97%
„d8%
98%
>24%' 24%
:
i
176
20%
14%
32%
17% >
»*11%
17%
12
36
14%
44
i:i
.24% ,24%'/:
13%
13%
98%
24% »
I. *172% 173% >
172%;.; >172% ;i73y2
♦148% 150* > % 149% 150*'
^'22% 22%
22%: .22% %
«» 27. •22%
'
>172%
150
•:
-
33
6%
6%
7...:
.'•6%
.
'•>66%
>>66>; 66
,
v; 16%
16%:> :•••• 16%
•;
29%:' 29%;
?
i'
*93
95
>:*8%
>11
*
•
11%
-
>17 '
17'/a
*30%
17 y4
>*30%
31
101% >
*99
«•••".
3L
v
:>•
r
86%
7
,12^,1
35%
67
29%
29%
,
87% ;>
87%
8%
11%
18%
64% >
108%;
108%
29
k
.A
,30%
*99;
.
31%,
,6%
12.400
:
550
;
32
?.f
■j
6%
16%
'>17'
•<
t
{
.
(
» 15,500
3,700
-•
^5,600
t:.
:
18,300
88
,*
:»
,
>
11
17%
r
,
10
»9,700
17%
(
30%
;
19,300
400
.
*64
64%
*107%
30%
108%
30%
31
31%
21%
21%
21%
22.
14%
14%'
*103
104
40
.
14%
_
*103
43
31%
21%
.
104
42
41%
For
14%
footnotes
see
page
15%
104
*
243.
64
64%
42%
'
*107%
64
15%
*103
42%
107 y4
31
30%
21%
63%
..*60
107%
31%
"*
21%
15%
16
104
42%
,
*102
_•
*41%
104
>•-'
42%
63
.
63
108%
31%
31%
21
15%
-
»
•'
*102 >
■41%
104
41%
200
20
21
15%
21%
15%
f
*107%
31%
21%
108%
.
,
.
57% Feb
5
4
25% Feb 8 ;
19 % Feb1 4
83% Jan- 6
*•
1
prior conv, preferred—i_10
prior preferred——*
—100
National Tea Co
.—No par.
Natomas Co
—No par
,
.6%
•
5y8 Jan- 3
-9- .Mar 4
Nehl Corp
No par ^
137/a Jan 3
Nelsner Bros Inc
1«
"22! 'Jan 4
4%% conv serial preferred—^100
96% Jan 12
Newberry Co (J J)
No par
50; Jan
4
5% preferred series A
160
105 ;• Mar 17
Newmont Mining Corp
!
10
27% Apr- 4
Newport Industries
— 1
16% Apr 24
Newport News Ship & Dry Dock,—1
13
Jun 8
$5 conv .preferred,
j—*.No par
97
Jan Jb
-
»
-
.
r
•3,100
7,300
r
13,700
•;
>
1.300
19
York Air Brake
No par
35% Apr 25
Ju%
Sep
21 %
Jun
io%
Sep
29%
Dec
13% Attg
14% May
9%
Jan
14% .Jan
Mar 15 '
21
9% Mar
X25%
6
•
5
12
14
>■ 160
10
Dee
Sep
11%. Jta*.,-
70% Jan
>
25% Jun, 2'k
Dec
29%
Jan
:
14
•--'■
Sep :
36
Jarv
17% Jan
33% Jun 20
•
% Jul)
15%
63'a Jan
•
Apr
13Ve July
23
176
10% Nov
12
174
Jan
5 V4. Jan
37'% May 2-1 "
Jun
Jan
18"% Jan
>
"
•
90%-Not-1
! Jan
•
20% Dee
Jan
178% July
•
137
.Jan
Jun- 27-
14% Jan
22
-34
Jun 28
27 >-NOV
38
.T.
150
123
150
-
T
■
-
iun..1^
Mar 13
-
2% Jan
•>
52
68% July l'lr.
17% July lO
88 Vt July
13
7
Jan
80%
Job
Jan
80
JUB
7% May
io% ad*
6-
Jan
19% July.-
9% Jan
1(3
Jan
25%
oef-
Jan
98%
Ntrr
37
Jan
57%
Jun
23
Jan
22
5
10*:% Mar
26%
10%
114
37%
Jan
te%
Jan
22
July 40
16
July 12
19
Deo
:
3
July 10
94%
Nov
102
27%
Jan
103% July
43
•
JUB
74%
66
July
28%
2% janT
!
.
13
310
32
JUB
C—
•'
9% July 1-*
101% Jun
Jan
64% Ju|y
15% May
57
-
^03% July
11% July 12
Jan
kfar-Ov
14% Jan
10
.18% July 11
31
July 5
7%
5% Jan
,
30 Vz Mar
*
New
8%
16% Nov
'
100 '
12% July
162
..
Jun
14% July.
11% July
Feb
15% Jan
18
10
Jan
8%
•
8..
19
—
,
(
■';■•
;
July
18
5
17% Apr'19 >
28 % Apr • 5
5% Febv-7.:;
1
Apr
5%
24% July H>
.
►
,5% %
•:
,
>
,
'
*64
*107%
■
1,010
6,900
t
101%
*99
.
•
■
'
9% {
-11%
V
*30'/a
101%
v
Co.^,_No par
National Oil Products Co---*
National Power & Lt—
^-Nopar
National Steel Corp—
25
National Supply (The) Pa
—10
$2 conv preferred—,
——40
600
%
(
preferred .B--*—
19%
July 13
187/u July 14
13% July lO
9':. Feb 5
87% Jan .11
.•-'•? > ^an,'" J'164^ Feb^S1
4141 .1 Jan i8r
Nat Mall & St'i Cast
Dec
33
3
' 20,vJan 25
;
13
.
37% Apr
30%. Feb
A——--,—♦—ilOO
100"
7% preferred
TXti
1,900
94
•/ 8%
140-
>'
I
-> 88::'
-
7,700
: •}
t
380
67% :.:68 »/4
18% /
..>30%
..
J
*92'"
■■
-
-.17%
,
•
(
t
174
'
•
11% >11%,
.
%;
11 /4 Jan
.•
Jun
Apr
20% Jun
'
^-10
No par
Nat Enam & Stamoing-—No par,
National Gypsum Cd——-1,
:
,$4,50 conv preferred—,—No par,
National Lead Co.>———
-J0
Nat
6,800
600
29 &:< >29
8%
8%
.
98
>*148 y 149%
>21%
y4
-
4
>>173%
>
88 V*
94
-.13 %
>-24 %• >24%
.<•
•>17%
>•
88%
18%
30%
101%
r
if
.21%
*92.
11%
30%
*99
.
>29%
-
.
8%.
18
30%
101%
173%
-
67% >68
16%
:
94
8%
11%
v
29%
87%
.
*92%
•
•-
17%
.-
,.31% .3134 r
>,.6% ;• ■-dVe ■'
67%
,/>17%
13%
Stores.,-.—-^No par
0% preferred—-!—>—
'Distillers Products—
.,
i
(
*97%
149%
>21%
32%
National Dept
6.100
..
(.
32%
24%-
*148
149 %>
35%
15%
40%
23% July 12 '
1. .•■' 12% Jan 17
National Cylinder Gas Cp7
1
xll% Feb 11
Nat 'Dairy» Products'
—-».No par
' • 19 % Jan * 3
13,100
-ii
35
12% Jun
National Container—1—7
4,700
>
.
%
18
>»17%
>.*11%
'
Nat Cash
Jan
Jan
July 11
176
165
Feb
6%
23%
13%, July 12
: .20 k May
..
1%
5
13% July 10 •
Corp—No par \
--10
0% Jan 3
Register.'———No'par
; 26 r Apr'18
5.700
4
100
& Share
6,400
,
23%
98 y4
98' i
;
17%
94
17% ,17%
24%«„ -^24%
*31%:V 32%
6%' ,- 67/8
32
101%
*99
90
>#66% ^67
M 17 y8
P 29%
"93 •> 93
>8% >8%>
11% >' 11% >
-
8%
.>•17"
66% ■>
17%'
87
•
>
.
>" 29% >29% >
:
>>87%" 87%'
^31%
32%
>*31%
:
•
98%,..-
13 %
Bond
—
19
% Nov
10
19
,
9% Jan - 4
18
» Mar
1
>18
Feb 17
—5
10
preferred
■37% Jun
National Can Corp—1—
,26.300
1
135/a
*32% >33 •■•->;
13% r.13%
-
33
/ 23j/2
13%
Nat
300
.
l,
18;,, >18%
>
200
:
:
_
7%
*
32%
.
24
172'/2 172%, y>,173;
•148
-150
•*31%
24%
..
14 %
:.."*•>■
.13% ->
13%
>• 98
176
:~10
preferred——
Aviation Corp,
National Biscuit Co—
>22,700
17% July
llV%Apr -24
Jan 5
/8, Jan
3
Jan 8
> .10/8 Jan 31
St.'
conv
National
3.000
>
:
20 Ve-
>..,,13%
.17%
>
23%
*19%
> ->23%
.
32% >'33:, >
98%
12%
6%
5,400
..
12%
> 14%
20 y8
20.
-
32%
530
10,700
Chatt &
% Jan
-fs Mar 30
—».No par
5
Louis..—100 : / 28
National Acme Co.^——
1
13
Nat Automotive Fibres Inc.'
;—l
> 9
Nashville
15,700
>
•
*11% ,.:12-i:':, •->11%
35% >36
x35.r
24%
,,,
98 y4.
13%-
23%
,
«
,,*172%
V
-.-17.% >17%
17%
13%
176
33,200
..
,
19
14% .'
>14%
32% >33
>
v
32%
17%
23%
176»
k
.
Liquidating Co
Nash-KelvJnato> Corp
Nabco
1,000
..
12%' >13
>,
>
23%
>
,'.12% >
,37
-
•V:>23%
12% >12%
,15Ve
32%
17%
^. '135%
•33>> A 32%
?.
:
37
18%
23%
20 Ve >
*19%
15%
13%
17%
12
13%
1
-
16%
12%
,13% >13%
-
12%
,23%>
*172% 176 >•>
24
36
.
*33%
17%
13%
»
-18%
18%
%
>
16%
,
12% >13%
/
23%
•
> 23%
177/8
*11%
>
"35%
35% 1
34 .i > *32%
35%
23%
.» 13%
13%",
24 y8*;
"24
.
,
13%
.
37
>37
19
13
12%
23
32y4
17% >
17%
>' >'13%
23%
*11%
32%
:
37%
,
12%
13
12%
15
15%
32%
.
•
>
>
5r *172%
;.2o.y8 > >*19%
15
32%
,
12%
176
*197/a
14% •'"
18%
12%
12%
12% '
237/a
*172%
;
37
19
12%
13%
'227/a
37
18%
-12% >13%
;
16%
■
36%
18% '
18%
176
>
16% ; 17% 37»
36%
12%
> 176
%
Ji%
Sep
Aug
Ap*
Oct
ft*
May
44% Mas
.
'
1944
Monday, July 17
CHRONICLE
COMMERCIAL & FINANCIAL
THE
240
STOCK RECORF
NEW YORK
Range for Previous
STOCKS
HIGH
LOW AND
Tuesday
July 10
July 8
20
28
28'A
87%
20%
19%
89
91
26
26
*17
18
17%
27%
17%
*39%
43
27%
28%
89
25%
73
73
*15%
17%
•40
42
190
185
185
73
73
7,200
2,200
*16%
40
*39
42
300
*185
190
10
73
610
N
5,900
9,400
N
73%
72%
%
%
72%
72%
1*
16%
%
16%
40
40%
*40%
43
40%
40%
40%
200
199%
199%
199%
117
117%
*117%
'
%
16%
199%
198%
199%
117%
117
117
117
*117
«
18%
18%
/ -
54
54%
19
18%
19
18%,
54 %
54%
54%
*54
54%
*54
54%
54 %
53%
*53%
53%
*53%
53%
•53%
53%
•53%
53%
9%
9%
9%
9%
9%
9%
9%
9%
9%
9%
102%
102%
102%
102%
*102%
18 %
17%
18
114%
*114%
'
j
*102%
*102%
18%
17%
114%
114%
26%
43%
6%
47%
'
25%
25%
'
44
6%
*42%
7
•43
17%
1141%
25%
18
114%
6%
26%
26
114%
•114
25%
26%
26
.
43%
*43%
17%
18%
114%
18%
*♦114%
18%
18
•114%
*102%
—
6%
6%
'6%
6%
6%
6%
e%
47%
47'A
47%
47%
47%
47%
*46 %
■: 13%
13%
-
6%
16%
Jan
32%
Dec
par
_B0
Jan
19
52
Jan
3
__5
33% Jan
4
183% Jan
3
J&n
Nov
26% May
Jun
Feb
7% Jun
Jan
2
Jan
18% July
Jan
56%
Jun
487/«
Jan
56
Jun
Nov
14%
Apr
8
9% July 10
Jun 20
9
4
91%
Jan
6
7%
Jan
18% May
Jan
116% July
103
18% July
3
Dec
101
24
107
26% July 14
Jun 23
15%
Jan
23% July
36
Jan
41% Aug
x3%
Jan
6
July
31
Jan
45
Apr
115% Apr
Jan
31
17% Jan
15
37% Feb
44
No par
4% Jan
1
3
-50
40% Jan
12
48
Jun
16
8
16
Jan
27
Preferred
Nov
122
53% May 26
xl3% Jan
112
July
38
.
'192% July
9%
-50
Norwalk Tire & Rubber
Jan
Jan
49%
No par
Airlines
Northwestern /Telegraph
Jan
162%
113
26
8
7
July
55% Jun
27
100
.723
40% Jun 27
201
19
.100
50
~?s
12%
122
52
Northern States Pow $5 pfd_No par
2,800
10
10
Jan 26
51% Jan
Northwest
54
1% Mar
29
-50
1
Jan
% Jan
3
-50
Jan
28%
19% Mar 11
14% Jan
100
_.
Ry
63 %
May 25
76
Dec
Dec
15
132
198% Jun
% May 12
100
__1
SLIpbidg Corp part stk
Western
129
100
-50
40
„
;
48
1
Northern Pacific Ry
60
43%
43%
43%
♦43
43%
43%
Dec
42% Jun
preferred series
preferred series
North America# Aviation
Northern Central Ry Co
4,500
■
May
13
22
5%%
38,000
26%
26
Jan
30% Jan
6%
17,400
114%
Jan
6%
15% Jan
50
26
26
Jan
14%
116% Jun
—
9%
53%
9%
31%
3
.10
200
;
July 10
28% Mar 14
18y2 July
_100
600
l
91
3
Jan
Adjjust 4% non-cum pfd
North* American Co
90
54%
53%
3
May,
27
Noblitt-Sparks Industries—
24,700
18%
26% July
11% Jan
,
Norfolk
18%
Jan
62
Ontario & Western
&
Jan
11
24% Jan
No
400
117%
54%
*53%
Y
10%
28% July 12
100
Lack & West Ry Co
IN Y
20% Mar 22
4
par
& Harlem RR Co
Y
3
19% Jan
par
$5 non-cum preferred
N Y
15% Jan
par
100
20
No
Dock
880
;
40%
200
18%'
18%
18%
J2
17%
17%
17%
17%
17%
17
199%
18%
%
U
%
York
$ per share
No
preferred series A
Omnibus Corp
6%
New
500
Highest
share
74% July
N Y City
27%
17%
*73
40
199%
91
17%
*185
73
*117
117%
89%
...
No
Central
N Y Chic & 8i. Louis Co
190
42
16%
3.200
27
*16%
195
*39
199%
89%
87%
•26%
42
%
I*
16'4
199%
27
17%
•185
73
40
•117
90
26%
'
U
1614
*39
28%
89%
27
43
•185
195
28%
90%
40
•42
*186
28%
♦20%
York
New
145,900
28%
20
28%
20%
*27%
26%
19%
27
89%
28
'
19%
20%
19%
19%
19%
•
'
19%
t per
J per share
share
$ per
Par
Lowest
Highest
Lowest
Shares
$ per share
t per share
Year 1943
Range since January 1
STOCK
EXCHANGE
the Week
July 14
July 13
t per share
share
t per
S per share
$ per share
July Vi
■'
NEW YOKK
Sales for
Friday
Thursday
Wednesday
July 11
Monday
Saturday
SALE PRICES
July
7
5
48
*13%
13%*
14
14
14
19%
20
19%
19%
19%
19%
56
55%
56%
19
19%
55%
55%
*56
10%
10%
11%
102
102 %
*12%
12%
23%
23%
12%
12%
*23%
23%
*40
69
*68%
61%
62
61%
12%
12%
12%
23%
23%
23%
14
14
14%
14%
22%
44%
22%
45
22%
12 %
44
♦
44%
22%
"
11%
43%
•
*42%
45
22%
*22%
22%
15%
22
*14
15%
*14
15%
32%
32%
32%
32%
32%
32%
32%
32%
45%
45%
*45%
45%
45%
46
46
46
45%
39%
39%
39%
39%
39%
39%
39%
40
*120%
121%
121
158
158
6%
6%
6%
17%
*16%
17%
5%
5%
5%
5%
33%
34%
10%
10%
4%
35%
34%
*10%
*105
29
♦35%
34%
35%
i
10%
114%
60%
*60
60%
*106
;
—
28%
28%
28%
34
33%
34
29%
30»
30
•'
2%
29%
22%
y V
2%
x29%
2%
2%
1
8%
8%
,18%
18%
57%
22%
*57
57%
'57
101
101%
101
,
30%
*24 %
61 %
102%
16%
16%
16%
17%
17%
15%
3%
31
30%
31%
24%
*24%
*24%
24%
*24%:
24%
61%
25
61%
61%
61%
61%
61%
61
14
14%
14
61%
A
■
15
15
15%
14%
15%;
55%
56%
57%
58%
14%
15%
55%
15%
58 %
14%
55%
14%
57
55%
15%
15%
15%
15%
73
73
73%
78%
77
78%
78
78
47%
47%
49%
50%
50
50%
50
28
27%
27%
*27%
28%
*27%
28%
*27%
28%
8%
8%
8%
8%
8%
8%
8%
8%
47
*27%
8%
9%
8%
9%
23%
9%
50 %
50%
54%
101
19%
*24%
119%
35%
20
25%
37
36%
37
35%
901/2
90%
108%
108 %
114%
*112%
*112%
116
*113
116
•113
118
47%
13%
13%
*71%
9%
14%
15
*170
'
6%
77
9%
13
6%
15%
15 y8
9%
55%
56
56
56%
55%
56
64%
64%
65
65
64
64
'
18%
18%
18% : 19%
55%
64
9%
9%
64
187/a
*95
28
28
*103
*71%
72%
18%
18%
*23
13
6%
9%
15%
*23
23%
>
54%
64
18%
19
19
19%
18%
24
23
10%
11%
11%
14%
13%
14%,
13%
14
13%
14
13%
v
14%,
*14
15
44
44
24
*23
*13%
*13%
14%
4,400
\ 110
4,100
58 %
14%
43%
43%
43%
43
43
42%
53
58%
58
58%
57%
58
58
58%
*118
119%
18%
18
119
18 %
119
'
17%
97%
98%
97%
98%
98%
99%
99%
101%
101 %
101%
101%
101%
102%
102%
119
18%
100
103%-
119
17%
98
xl01%
119"
17%
99'A
102%
'
<
17%
98%
102
>
99
103'A
106
106
105%
106 %
106%
106%
106%
106%
106%
106%
106%
107
116%
116%
116%
117
116%
116%
116%
117
116%
117%
1167/8
1(17%
*117%
118%
*117%
118%
117%
118%
118%
118%
118%
119%
,,*118%
50%
52%
49%
50%
17%
49%
50%
49%
50Vs
49%
51%
52
17%
17%
17%
17%
17%
17%
:
119
50%
17%
17%
18
*112
113
♦112%
113
113
113
*112%
113
113
113
*112%
105
104%
104%
103%
104
103%
105
*104
105
*104
105
24
24
"V
113
*104 '
17%
23%
17%
23%
For footnotes
24
see
24%
page
243.
24
24%
*23%
24%
*24
24%
;
1
10
No par
No parNo par
100
28%
Jan
46
Jan
67%
54%
Jan
64
i_50
Jan
6ya
Jan
14 y4
19
100
100
Pittsburgh & West Va
100
Pitts Young & Ash Ry 7% pfd—100
/' Plttston Co. (The)—
—1
Preferred———
100
Plymouth Oil Co——
—-5
;
conv pr
Jun 22
17% July
Jan
Jan
105%
Jan
2
Jan
3
35%
Jan
Pond Creek Pocahontas
•
Poor & Co class B_;—
Pressed Steel Car Co Inc
No par
No par
—_1
5% conv 1st preferred
—5
5% conv 2d preferred
;_50
3,500
Procter & Gamble
„No par
60 '
5% pfd tser of Feb 1 '29)—_100
25,600 '
Pub Serv Corp of N J
:—No par
1,700
$5 preferred——
—No par
2,130 6% preferred
100
700 1
7% preferred.
100
1,050
8% preferred——
100
110' Pub Ser El & Gas pfd $5
No par
34,400 • Pullman Inc
No par
19,600
Pure Oil (The)
No par ■
300'j'
6% preferred
100
700
conv preferred
100
2,600
Purity Bakeries Corp—
No par
,
4
July
45%
Jan
Dec
Jan
106
July
Jan
30
July
17%
Jan
IVa
Jan
27 y8
Jan
16
Jan
72%
Dec
;7 2% Apr
■32
May
19 Va May
1%
Jan
16%
Nov
29
51%
Dec
60% Mar
80
Jan
13
Nov
25
May 31'
3%
1%
July 5
25
Jan
32'/a
Feb
24%
Sep
46%
Jan
61 y2
July
V
1% Feb
28 ya
Jan
104% Jan
3
4
113% Jan
120
18%
100
105 '
110
3
Jan
July
July
Apr
12
10
12
4
Apr 13
115% Apr 28
119% Apr 10
119% Feb 15
37% Jan- 3
52% July 10
15% Feb 3
109% Jan 12
103 'Jan 15
1934 jan 14
-
18
Mar 22
113% Feb 18
107
Feb 9
24% Jun 19
113
Apr
7% Sep
,
Jan
Dec
59% July
16 Va May
5ya
Jan
34 Ya
Feb
58% May
19
Jan
41% May
*
'
23
Feb
6%
Jan
5 Va. Jan
20
Jan
68%
'
26% May
10% July
7 8%
Jun
29% Mar
Nov
37
,
Jan
X51%
Sep
91%
Sep
18 3A Aug
22-
Dec
24 Va
Oct
25%
Sep
13%
Jan
26%
Jun
71
Feb
90% Jun
July
104 y2
Nov
113
■109%
Jan
117%
Jun
7%
Feb
14
July
79%
Jan
100
July
427/8
Nov
50
3%
Jan
10%
18%
Jan
726
May
Jan
102
Jan
'
3%
Feb
34%
Jan
Apr
Dec
7% May
68%
Dec
Mar
5
••
Jan
9
59
Jan
77%
Jun
9Va
Feb
168%
Nov
168%
Nov
170
Jan
182
Aug
4
Jan
4%
Jan
10% May
597/a
Jan
90
24
Jan
56
July 5
July 12
13% July 5
17% Mar
Jun
17%
Jan 10
Jan 10
44
July 10
58% July 12
Jun
Jan
.-
July 5
35% Jan 10
52% May 19
116
Mar 25
i3V4Jan 3
87% Jan 3
Oct
45
13%
5
10
4
12
July 3
19% July 11
25
May 29
11% July 8
14% July 8
16
15
25
9%
3% Mar
Jan
23%
May
July
Mar
May
14% Mar 22
79 Feb 15
Sep
20% July
108%
7% Jun 29
75
Feb 21
10
.
Jan
33%
May
100 y8
'
102
.
6r/2 May
Jan
__
96
Oct
113% July
V
8% July 12
11% May 17
"
;
11%
20% Feb 15
58% Jun 20
Jan 27
Jan 13
May
Jan
Apr
Apr
Apr
7 43% July
15%
100
Dec
7%
Jan
150 V2
;
17%
I 19%
8%
? 11%
5
Jan
7%
-
IVa Apr 18
pfd
Oct
147
28% May
Jan
68%
V 11%
164%
183
•
Sep
Dec
160
9
,
Co
class B
class A—
119%
6% May
8% Jan 25
69
May 16
Pittsburgh Steel
7% preferred
5% preferred
5% % 1st ser
No par
No par
100
Jan
745% July
Jan
,
*.
1
10Q
100
Jan
2%
•
5-
Jan
Dec
Jan
Jan
91%
23% Jun 17
21% Jan 15
—
16%
31%
23 V*
12
93% Feb 7
13% Apr 18
9% Jan V3
2% Jan 10
37% Feb ; 9
61
Apr
July
33
12
3
104% July 14
'
17% July 14
17% July 14
4% July 5
60% Jun 29
:r- 16
Mar 17 : 18% Jan 26
110% Mar 17
112
Jan 10
25% Mar 17
31% July 12
100 '
100
100
No par
No par
:
25% May
Jan
37'A July 5
7
13 y4
"55
Mar
10
Oct
July
t 13% July
Jan
23%
23%
26% Apr 28 \ 31
5
Pittsburgh Forglngs Co
1
700
117b'
No par
No par-
Sep
Apr
38
19
10
1% Mar 27
4% Jan' 3
Pitts Ft Wayne & Chic Ry
7% preferred.
Pitts Screw & Bolt
5,300
—_
'
23% Jan 27
30% Jun 28
Jun
154
2% Jun 27
> 6
10
18% Feb
Jan
Jan
14
13
4% July 13
61 July 5
106 Jan 25
29% Jun 21
25
18
8
3
Dec
21%
15%
142
10
28
4
25
14
16
Dec
Jun
3ya
Feb 25 ;■ 80
Jan. 4 * 15%
Jan 25
171
Apr. 3
186
4% Jan 3
6%
6% Apr 25
9%
82% Jan 3
99
46% Apr 27
61%
57% May 3
66%
il%Jan 6
19%
18,900
.
43
*117
119
V
14%'
*13%
43%
*13%
4
103
Apr
Feb
Jan
Jan
Jan
Jan
10y8
10%
July 13
6% Jun
35% July
11% July
114'A July
15% Apr 26
51% Apr 10
$5 conv preferred
400
14%
14%
18 %
6,100
___
11%
43%
18%
•"
23
11%
43%
13%
19'A
73%
11%
•13%
♦117
"
12%
72%
18%
*72%
28%
8%
109%
2%
45
Jan
50% July
105
Jan
3%
17% July 10
3% Jan 27 -
10
Pittsburgh Coal of Pa
6% preferred
Pitts Coke & Iron Corp
10
9,400
3,500
10
880
250
__
12%
72%
18%
11%
14
119
*172
"
73%
*23%
4%
12% Feb 29
'
No par
Pitts C C & St Louis Ry Co
,
.
19%
24
14%
*117
'
55
*62%
11%
•
149
July
Apr
Jan
Feb
July
Jun
July
Jun
Jan
Peoples G L & Coke (Chic)
100
55
Jan? 4 v 63
Mar 9
Peoria & Eastern Ry C04— ____100
■
5% Jan* 6 V. 16% July 5
Pepsi-Cola Co
i
1
46
Apr 24
58% July 12
Pere Marquette Ry Co
100
10% Jan 3 '
16% July 14
•
5% prior preferred
100
54% Jan * 4
79
July 14
5% preferred
100
33% Jan 5
51
July 14 '
- Pet Milk Co
—No par.
23% Mar 6 >; 28% July 5
*
Petroleum Corp of America
^.-5
:
7% Feb 29
9% Jan 12
Pfeiffer Brewing Co
—No par
.
7% Jan 3
10 - July 14
-Pfizer (Cha,s) & Co Inc
1:
40% Apr 26 ' 51
Jun 20
Phelps-Dodge Corp
_25
20% Feb 14
24% July 5
Philadelphia Co 6% preferred—50 1
49% Jun: 3
54% July 10
$6 preferred
No par
88% Jan< 5
103
July 7
PhilaElectrlcCo.com—;
No par ; 19 : May 16
217/# Jan 3
$1 preference com
No par
23% May 13
25% Feb 16
; , 4.4<7o
preferred
100
117
Apr 26
118
Jan 28
Phllco Corp—
3
247/a Jan 3
37
July 10
Philip Morris & Co Ltd
10
82
Feb 25
91% Jun 20
.• '
Preferred 4V4% series
100
106 Mar 28
110
July 12"
./
Preferred 4%% series—
100
108
Apr il
114% Jan 17
Phillips Jones Corp
No par
11% Feb 14
16 V2 July 14
7% preferred
100 - x98
Jan 19
113% July 13
;
Phillips Petroleum
No par
,
43
Apr 19
48% July 8
Pnoenix Hosiery
5
9
Apr 4
14
July 14
Plllsbury Flour Mills
25
23% Feb 23
28
July 11
—
/
Jan
7%
Jan 3 - 14%
Jan 3
13
Jun 2
48%
Jan ; 3
23%
May 3 ' 15%
Jan 10
34
Jan ' 3
46
Jan 10
41%
Apr 27 -121%
Jan 11
159%
Jan 3*
7
-
4,600
!
21 Va July
Jan
69
41'A July 5
70 Jun 19
64 Jun 19
-
Jan
37/a
-
4,000
h./
100
*95
63%
*172
15%
30
< 39%
25%
117%
2.50
Peoples Drug Stores Inc
,
—
4,300
2,200
6%
9%
24
14
57%
6%
11%
11%
57%
—
'
55%
'"17%
' '
400
:
15%
55
.*72%
19%
11%
57%
'
5
—
9%
9%
100
73%
18%
11%
*
1.
50
12,100
500
9%
*186%
■
12%
24
18%
,
700
78
*170
6%
/12%
18%
*72
,
:
72%
*77
—
12%
12%
72%
.
160
67/a
72%
9%
12%
72%
12%
13%
3,600
135
\V
6%
12%
'
12%
12,300
''
28
'
*170%
*170%
*170%
*170%
—
16%
"63%
19%
1,600
2,000
' " 28,700
•
- 9,200
' 2,500
p. ■ 5,600
100
* 3,400
2,900
2,400
-12,600
950
' * 330
•
8,900
1,700
-
14
15%
6%
97%
55%
100
'
13%
—
*186%
97%
9%
9%
*95%
19
15
6%
6%
91
111%
114%
200
:
-.
*112
124
45%
47
113%
47%
78
*170
*186
6%
100
18%
9%
15%
16
73
*77
78%
.
*170
*97
100
*77
116
135
73
9%
9%
9%
*27%
6%
6%
72%
90%
*108%
*112
13
*103
135
*105
78
6%
9%
9%
:
71%
*186
6%
*97
*27%
28
6%
•170
6%
9%
47
13
15%
15%
*186
6%
47%
13
72%
9%
•170
*186
47%
78
15
78%
*77
113%
122
*113
901/a
111%
16
16
13%
135
9%
4
47%
72
78
*111%
16
6%
...
90
*108%
90%
110
*
36%
36
37
36%
28
72%
9%
♦
25%
119%
*14%
♦105
6%
71%
9%
25%
*114%
16
28
135
6%
72
25%
119%
116
*12%
28
*27%
♦102
25%
*112%
47
48%
14
20%
*114%
>
116
*113
48%
6%
20'/a
90
16
135
20%
110
16
6%
54%
101%
90%
♦14
*103
24
53%
100%
109%
16
27%
23%
54%
90'A
-
*15
27%
24%
101%
109 %
90%
108%
48%
50%
20
119%
90%
•13
9%
50
23%
25%
*113%
103 %
*112%
9%
50
*53%
20
19%
•
25%
*113%
35%
50%
101%
54%
101%'
119%
25
25%
*114%
16'
'
19%
19%
101
101
58%
50
.•>.
24%
54
54%
54
102%
23%
1,24%
23
23%
54%
102%
51
9%
9%
9%
9%
48%
9%
48
48
.
14
*•
77% ' 77%
49%
'
24%
61%
r- 14%
; ! x57' ' 57%
?
16
16%
76%
79
50%
51
*27%
28%
8%
8%
9%
10
49%
50
"23%
237/s
54
54%
101'
101%
20%
20%
25%
25%
*114% 119%
35%
36 '
14!
15
/
.
61%
61
''
-
31%
*24%
25,
4
58
17%
30%
31 %
30%
24%
;
.
,
114
*110
114
*110
114
,
*17%
17%
*17%
17%
*17%
*110
4
58
4
58
*57%
57
17%
114
30%
31%
30%
30%
*110
4%
57% * 57%
4%
3%
4
17%
17%
16
1?%
56%
57
114
*110
58%
104%
16%
17%
16"%
17%
16%
16%
.)
18%
*58
103%
103
102
8
8
58%
101%
4%
*17%
17%
114
*57%
17
16%
56%
56
55%
*16%
*110
57%
101
4
4%
4
57%
:
1,000 f Parker Rust Proof Co
7,500
Parmelee Transportation
2,300
Patino Mines & Enterprises
600 ; Penick & Ford
2,600
Penney (J C) Co
17,500 ; Penn-Central Airlines Corp
8,300
Penn Coal & Coke Corp
6,600
Penn-Dlxie Cement
1,000
$7 conv pref ser A
100
Penn Glass Sarid Corp
*
—
5% preferred
20,200 • Pennsylvania RR
*
-
14% Oct
29%
20% Mar 22
57% Jun 27
11% July 10
105% Jan 10
14 % July 1
24% July 13
153 Mar 30
Jan
...
10%
8%
' 40%
17%
•
•
23
18%
18%
18%
16%
17
16
16
15%
57%
18%
100%
101%
16%
16%
16%
♦56%
18%
18%
*22%
8%
8
,8%
8
18%
"
22%
22%
8
8
8%
18%
22%
22%
22%
22%
22%
8
18%
5
No par:
12.50
•
•,
'
22%
No par
100.
__
28%
33%
2%
29%
/
•
4%
4% '
4%
4%
10%
113%
10%
114
*105
2
30 %
29%
30
34%
35
*34'A
t.
2V4
2
2%
2
29%
■
337A
28%
28%
29 %
28%
36%
34%
60
*105
•105
-
28%
5%
10%
60
60
5%
34%
4%
4
4%
61
100 Feb 14
8% Jan 18
18 Apr 19
.147 May 10
37% Apr 26
64 Jan • 8
; 55% Feb 29
.
5%
113
113
113
113%
4%
*60
17
5%
,10%
113%
60%
6%
6%
*16%
17
17
35 %
10%
4%
60%
34%
10%
*
113%
*113
5%,
5%
6%
6%
6%
16%
17
159%
159
158%
158%
,
'/'•
121%
*120%
121
121
159
159
159
*158
6%
6%
121
121 '•
*120
17
33
14
12
45
22%
15%
32%
11%
12
'
43%
-
' 14
*
14%
1*4%
*11%
12
39%
32%
45%
*39
45 Feb * 8
8% Apr 18
900
Pacific Amer Fisheries Inc
9 *
830 .Pacific Coast CO—
—
10;
*42%
.
50
1st preferred non-cum
No par
22 %
*
180
2nd preferred non-cum—No par,
15%
7, :
100 4 Pacific Finance Corp (Cal)
_10
32%
; 6,900
Pacific Gas & Electric
25 .
46
46
1,600 . Pacific Lighting Corp
—No par 39%
39%
2,100
Pacific Mills
No par
121% 121%
130 ' Pacific Telep & Teleg
100 158% 159
'
270 >
6% preferred
100 ,
6%
6% 4
14,900 - Pacific Tin ConsoTd Corp
1
*16%
17
1,100,
Pacific Western Oil Corp
10
5%
5%
50,700
Packard Motor Car
No par
33%
34%
22,400
Pan American Airways Corp
5
10"%
11%
1,000 • Pan-Amer Petrol & Transp
5
*113% 114%
180
Panhandle East P L 5.60% pfd_100
4%
4% '
41,300 ' Panhandle Prod. & Ref—;
—1
*60
61
400 * Paraffine Cos Inc
No par
*106
<
—
;
4% conv preferred
10028%
28%
14,400 • Paramount Pictures Inc
—1
33
33%
.1,900
Park & Tilford Inc ex-privilege
2 «, 2%
6,400 ; Jrant Utan Consolidated Mines—1
29% 30
5,500
Parke Davis Si Co
No par
*
22%
22%
*14
62
61%
14%
*14%
44%
•
56
56
10% 107/s
101
101
12% 12% ; ^
23% 24%
*152% 155
> /
*39% 41% • -•
70
70
61% 61%
17% Feb 8
No par
No par
0.
100
10 •.
Ohio Oil Co
900 ; Oliver Farm Equipment
31,000 / Omnibus Corp (The)
• 690 i
8% conv preferred A
1,300 . Oppenheim Collins _
4,200
Otis Elevator
:
'
20
6% preferred*
—
Outboard Marine Si Mfg
50 . Outlet Co
2,900 < Owens-Illinois Glass Co
; 23,200
19%
1 19
19%
56%
11
102'A
12%
24%
152% 152%
*39%
41%''
♦68%
70
12% May
2.50
Norwich Pharmacal Co
1,300
wmmmmmmmm
*
11%
11%
*43
15%
*14
15%
•14
4
11%
-
61%
14%
14%
'
12%
70
6i
'
12
(58 %
61%
61%
>
41'A
♦
70
.
152%
♦391/2
41%
70
70,
152%
153
*39
62%
:
11
23%
f
19
*55
10%
101
*12%
23%
-
101
12%
41%
41%
10%
100%
102%
100%
♦152%
69
•39
v
11%
10%
153
*152%
153
*152 %
56
57
10%
102
102
13%
13%
13%
13%
>
1
13%
8%
11%
*46%
*46%
v
Jan
1%
15% May
6%
Jun
July
52% May
75
•
Mar
16% Mar
168
Nov
Jan
*10%
Dec
'
Jan
74%
Dec
14 y4
Jan
21% July
18
Jan
23%
Apr
4
v Jan
13
Jun
20
<
6%
Jan
13% May
6%
Jan
13
Jun
24%
Jan
40 Va
Jun
48 y2
Jan
58
114%
Apr
123
11%
Jan
17%
Apr
75%
Jan
96%
Oct
85%
Jan
96%
Jan
107% July
114% July
108 %
Nov
129% July
113%
Nov
122
26%
Jan
11
Jan
'
104%
Sep
Feb
Aug
40% July
19% July
Feb
114% July
92 %
Jan
107% July
13%
Jan
22%
Nov
Volume
RECORD
NEW YORK STOCK
Tuesday
Monday
July 8
share
% per
S per share
S per
share
$ per
$ per share
14 V4
14 VB
1.0C0
110.700
14 Vz
14 Va
14'/a
14%
14%
14 %
14%
11%
11%
11%
11%
11%
11%
11%
12
11%
12
llVa
11%
76'%
76 Vz
75%
75%
75%
75%
76%
76 %
75%
76
74 Vz
75
*14
14%
'
12% Jan
10
Quaker State Oil Ref Corp
Year 1943
Lowest
Highest
I per share
Par
share
*14'/b
Lowest
EXCHANGE
Shares
t per
share
Range since January 1
STOCK
YORK
NEW
for
the Week
July 14
July 13
July 12
Sales
Friday
Thursday
Wednesday
-
July 11
July 10
Range for Previous
STOCKS
LOW AND HIGH SALE FRICES
Saturday
241
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4299
160
$
$ per share
share
per
14% July 10
21
IOVb
Hifhest
$ per share
Jan
15
Jan
12% Hay
July
R
9%
10 Vb
90%
•
91%
9%
92
Va;
9%
92%
*
10 Vb
9%
91%
"! <
10 Vb
91%
10%
10
91
92%
91%
34
33 %'
33%
33
33% •'
33
17%
17%
18
17%
18
17%
32%
32%
32%
32%
32
32% /
18%
19
19
19
18%
18%
;
-
38
38
38
38
30%
30%
30%
30%
*9%
10
9%
*128%
135
4 *128%
64%
17%
17%
64%
22%
*21%
V
20
19%
99
*94%
95%
'
*
33
1,300
18%
4.100
400
18%
*36 Va
37 Vz
*30 Vb
31
9%
10%
128%
10%
62
62
:*61
17%
17%
*Wb
17%
17%
17 Va
1.800
21%
21%
*21%
21%
2O0
'
98%
95 V*
95%
19%
98%
99
99'/a
95
v
19%
98 Va
98%;
95%
19%
'
21%
19%
95
94 Vb
95
19%
12%
12%
12%
12 Vb
12
12
12
21%
20%
21 y8
20%
21
20 Va
20%
*101%
*101%
t+.j.
11
11 Vb
11%
12
11%
99%
99%
99%
99
99
80'%
80%
81%
82
82
15
15%
15%
15%
15 Vb
r
\
97 %
97%
98
14%
.14%
14%
15 Vb
35%
35%
35%
35%
39%
37 %
38%
18
18
17%
10%
11%
HVa
*38
17%
11
11%
12
11 VB
11%
■99%
99%
82%
82
82
82'/a
82%
15%
15
15'A
14%
15
99 Vb
99 Va
99'A
98 Vb
99
14%
14%
14%
14%
34%
34'/a
34%
•
>
«■
•
*8
14%
8%
17%
17%
17%
17%
11 Vb
10%
10%
10%
%
*16
17
16%
8 Vb
8 V*
8V»
*8
24
24
24
24
23%
33 %
33%
33%
34
19%
19%
19%
33%
33%
:"7 %
%
52%
7 52'A
113%
113%
113%
8%
8%
1%
1%
51%
52%
52%
113%
113 %
113%
114
113%
8%
9
8%
8%
34%
*106%
♦110%
113%
*110%
113%
*110%
*109%
110
*109%
110
*109%
42%
*110%
113%
*110%
113%
109'A
110
*23%
24%
23%
24%
•23%
5%
5%
5%
5%
5%
97
97%
97%
97%'
97%
97%
97%
97%
23%
23%
23
23%
23
23%
23 %
23%
;
23%
22%
■\
23
Tli
7,600
2,700
'
18%
17%
17%
17%
17%
17%
17%
17%
17%
74%
75
74%
75%
75%
76%
76%
76%
76
77
*13%
13%
13%
13%
13%
13%
13%
13%
13%
13%
13%
13%
*75%
75%
*75%
75%
*75%
75%
♦75%
75%
75%
■•75%
■'*75 %
76%
200
14
14%
6.000
17%
17%
>*74
717%
75
'
14%
14%
14%
14%
55
.•.-•53%
53%
53%
55
55
26%
27%
27
27%
27
4%
4%
4%
4%
32%
32%
32%
26%
26
26
14%
14%
14%
14%
41%
4%
33%
*26%
♦53%
54%
26%
26%
26%
4
32
32%
26%
26%
14%
14%
14%
14%
X14%
14%
41%
41%
40%
41
17
17
16%
17%
42%
41%
41%
17%
17
17%
*22%
23%
•23%
23%
23%
23%
39%
39%
28%
27'A
40
40
28%
28%
28%
;
13%
14
13%
14'A
13%
28%
5
24%
24%
24%
24%
15%
15%
15%
32%
28%
28%
28 %
27%
57%
58
58
58%
57%
58
58
58%
57%
58
*65
65 %
65
65
65%
65%
65%
'
7 Vb
7
'
*8
:
7Va
-•
'
69
30%
31
27 Vb
27
27%
46%
46%
46%
V
'
1
46%
8%
•
■>'
7 Vb
7%
8%
8%
*69
30%
30%
27%:
27%
46
46 Vb
46 Vb
46 VB
'
31'/b
:,
"
*58
60
60
60
60
60
10 Va
10%
10 Vb
10%
10 Vb
10% r
67 Vb
67%
67%
68
67 V*
67%"
*59
114
*112
■
110
110%
55 Va
115
♦
*110
111
*110
112%
33%
*113
64
115
111
33%
114 Va
64
*111 Vb
*110
111
3%
56%
56%
63%
64 Vz
38%
38%
38%
39
38%
39 V8
38 Vb
34 V»
33%
33%
33%
33%
33%
33%
58
57%
58
57%
58%
44
44%
44
44
*113
57%
57%
58%
43 Va
43%
43%
43 Vb
43%
113%
113%
*113%
114%
113%
113%
113%
113%
10%
10%
10%
10%
10%
10%
10%
32%
*32%
32%
31%
31%
65%
64%
65%
64%
64%
32
♦64%
'
114
10%
10%
33%
1,400
64
64%
3.500
17
17%
6.800
17%
16%
17%
12%
12%
12%
12%
12%
12%
12%
13%
12%
13%
10%
10%
17
17
17
17
17
10%
10%
10%
10%
10%
19%
*124
19%
20
19 %
19%
19%
58
58
57
57
57%
127
7%
10%
10%
23%
23%
124
126
*124
7%
7%
7%
7%
124
7%
7%
19%
57%
7%
10%
10%
10%
10%
10%
24%
24%
24
24%
81
81
24%
24%
81%
*80%
81%
81
81%
25%
25%
25%
*24%
25
33
33
33
33
*32
32%
13%
14
14%
14%
15
*32
19%
19%
57%
124
24%
10%
24
25%
*80
124
600
19.600
33%
17%
58 %
1,700
64%
17%
19%
& Co
preferred
32%
57%
126
*124
7%
7%
12%
*16%
10%
19%
57%
124
7%
12%
17
18.100
400
10%
12.200
19%
23.500
57%
124
7%
$3.50 conv
pref ser A
Pen Co
(W A)
Coalition Mines
Steel
preferred
&
Corona
Co
700
270
preferred
Spencer Kellogg & Sons
Sperry Corp (The)
Splcer Mfg Co
$3 conv preferred A
Spiegel Inc
Conv $4.50 preferred
8quare D Co
5% conv preferred
$5.51
Squibb (E R) & Sons
$5 pref series A
$4.25 preferred
38,700
prior preferred
$7
Standard Oil of Ohio
preferred
Standard Steel Spring
Starrett Co
(The) L S
Sterling Drug Inc
Corp
Webster
Studebaker Corp
(The)
Sun Oil Co
pfd
(4%% cum)
Co
10
8.700
Sunshine
3.100
81
24%
24
24
800
Superheater Co (The)
Superior Oil of Calif
Superior Steel Corp
32%
*32
33
400
Sutherland Paper Co
Mining
16
15%
15%
15%
15%
15%
15%
4.500
30%
30%
30%
30%
30%
30%
4.300
Swift & Co
30%
30%
30%
30%
30%
30%
32%
32%
32%
32 %
32%
32
32%
32%
4,600
32%
32%
32%
32%
32%
31%
31%
31%
31%
11.300
Sylvanla Elec
7%
7%
10.700
Symington Gould Corp
30%
30%
30%
31%
31 %
31%
7%
7%
7'A
7%
7%
7%
7%
'
For
footnotes
see
page
243.
7
7%
7
Jan
107%
July
36%
Dec
43
6
109%
Nov
115
Feb
Jan
3
110
Jan
8
105
Dec
112
Mar
25
10
16 V*
Va May 19
July 13
Feb
26%
Jan
Jun
Jan
4%
Jun
98% July
5
59%
Jan
90%
Dec
14
"24% July
5
10Vb
Jan
18%
Sep
2
18% July
5
Jan
17% July
73% July
May
6
77
3
9
64
July 14
Jan
6
14% Mar 13
8%
Jan
Jan
27
75% Jun -f 1
64%
Jan
6
14% July 10
5%
Jan
>10%
4
55
31%
Jan
57
12
17%
Jan
29
6
2%
Jan
16 Va
Jan
21
Jan
Jan
July 11
28% Apr
18
4% July
May 16
Apr
19
14% July 10
29% Feb
*
5
Jan
18 % Jan
:
28 Va
22
15%
20
73% May
41% July
5
;
Jun
Oct
<•
Jun
5
Apr
28
May
27%
Nov
23% Jun
28
7
16% May
10% May
42% Jan
8
13% Apr 25
Jan
27
July 12
Nov
xl3% July
45 Vb
-
Sep
24% July
22% Aug
19
Jan
23%
Nov
39% July
Apr
12
29% Jun
27
15 V*
Jan
25 V*
Jan
27
14% July 10
10 Va
Jan
15 V* July
3% Jan
3
5% July 12
2%
Jan
16%
Jan
20%
Jan
23
12
.
28% Jan 10
,
35
,
Mar 14
6
Jan '
41
May 31
6
28% Jan
141
152
May 17
22% Apr 24
132
5
21%
Jun
Apr
29 Vb
30%
Dec
Sep
149% July
Jan
24% July 14
15% Jun 27
25
Jan
Apr
'
13% Jan
17
Jan
14%
23% Jan
3
33% July 12
15%
Jan
30% May
Jan
3
28% July 10
15%
Jan
30%
40% Jan
4
58% July 10
35%
Jan
54
Jan
7
65% Jun
5
42%
Jan
4% Jan
3
7% July 10
2%
Jan
5% Jan
26
9
Feb
14
70
20
;
■
No par
No par
55
1
No par
22% May 13
26
tic psr*
56% Jan
27
Jun
61
28
5
May
28
July 14
28
36% Jan
10%
2% Jan
66
Apr
6%
6%
Jun
Sep
Jan
61
Nov
21%
Jan
35
Dec
28
Jun
24
23%
46% July 10
32 V*
2
49% May
33
32% Jun
Jun
1
Sep
Apr
66
.
3
Nov
35% Mar
Jan
44 V* July
May
Jan
60
Sep
8%
Sep
Jan
3
11% July 14
50% Feb
11
71% July 14
35%
Jan
64
Sep
9
38% Mar 13
33
Jan
42
July
28
113% May 25
109
Jan
49
Jan
6
2
No par
•
33% Jun
1
110
100
Jan
116% July
70
111% Apr
64% Feb
114% Jan
10
112% Nov
117
July
Aug
108
112
Jan
28
107
Nov
110
Dec
59% May 12
No par
par
par
19
May 17
28% Feb
par
110
par
Jan
9
27
2
33% July 12
115
"
Mar
4% July
6
5
25
100%
iVa
Sep
31%
Dec
Jan
115% July
Jan
6% Mar
par
2% Jan
3
35% Feb
10
9;
Jan
38%
No par
No par
40% Feb
8
65% July
12
10%
Jan
44%
28%
Jan
40
38% July
56% July 12
7
39% July 12
32% Mar
3
34% Jan
51 % Apr
19
35% Feb
No par
25
25
25
40% Jan
4
Jan
26
6% Jan
13
111
100
1
15
58 Vb July 10
44% July 12
115
Jun
11% July
5
18
33% July 13
67% May 18
28% Jan
10
1
20
9% Feb
10
17% July
5
13% July 12
15% Feb
1
17% Mar 14
7% Apr
19
19
5
•11% Jan
—
—
1
No par
100
10c
No par
25
100
10
13% Apr
54
121
3
11
July
20% July
No par
1
45 Vb May
_5%
Nov
9% May
25
Jan
31% Mar
Sep
Jan
14%
May
Jun
4%
Jan
14
July
14%
Dec
xl7
68% July
7 VB
66
'
Sep
Jan
5
Jan
15 Vb
21
30
5
48%
122
Jan
Apr
Dec
63% Mar
130
Sep
4%
Nov
6
Oct
Jan
7%
Apr
5 % J an
3
10% July
3%
24% July
Jan
May:
27
12%
22
17% Jan
84% Feb
58%
Feb
82
May
3
14%
Jan
32% July
33
July
72
Jan
19% Apr
25
25% July
29% Jan
28
33
Jun
8% Jan
4
16
July 11
27% Jan
3
31% Mar 20
27% Jan
12%
.25
60
Jan
5%
60% Jan
7% July
Jan
6%
125 Vb Jun
15
Jan
3
27
5% Feb
28 V«
46 %
37 Ve
10% May
Jun.15
Jan
Dec
Dec
May
28
62% Feb 29
No par
Swift International Ltd
Prod's Inc
2
Jan
22
25
7.50
1
Oil Corp_
Sweets Co of Amer (The)
31%
96
16
No par
Stokely Bros & Co Inc
5%
prior preferred
24%
.
Sep
12% Mar
Jan
42% Feb
36% Apr 24
'
81
800
114
5
24
No par
Stewart-Warner
Sunray
Nov
48% Jan
1
No
No
Standard Brands, Inc
No
$4.50 preferred
Nn
Standard G & E Co $4 pref—No
Class A
Jan
6%
21
9% Jan
15
No par
1
Sparks Wlthlngton
Spear & Co
Stone &
105%
1
1% Mar
72
100
23%
24%
13
9% July
36% Jun
35
112
10% Feb
Lines——5
California Edison
81
*32
July 12
Xl08% Mar 23
6
63% Jan
No par
Southern Railway
No par
5% non-cum preferred—-—100
Mobile & Ohio stk tr ctfs
100
% %
36% Mar
Oct
12
20
Iron
preferred
Southern Natural Gas
4
Aug
7
13
Southern Pacific Co
$6
50%
Feb
3
No par
10
Typewriter-No par
24
9%
,
84
par
Socony Vacuum Oil Co Inc
South Am Gold St Platinum
8%
Jun
Jan
16
21% Jan
No par
15
Skelly Oil Co
Gloss-Sheffield
Southern
18%
43
Feb
108
No par
Oil Corp
23%
10%
par
No par
No par
15
(Frank G)
*80%
9%
Jan
No par
No par
Sharpe & Dohme
&
28
Jan
11
114% Jun
,
37% Mar 16
No par
No par
Sharon Steel Corp
Standard Oil of New Jersey
33%
17%
105
Servel Inc
$1.20
Jan
11%
16% Feb
Sears Roebuck
Sinclair
20%
2% Jan
Standard Oil of Indiana
64
17%
28
*
15,400
9.900
33
17 Vb
35 %
:: 3
109
No
19.300
10%,
Jan
Jun
No par
19,300
113 Vb
8
51% Apr
13
32
par
No
58
10%
Jan
11014 Jan" 8
100
No
33%
113 Vb
Dec
July
19
Feb
23
7
38%
44 V*
19%
34% July
'
new—3%
57%
,
5
9% May
21% Dec
!
27% May 12
Corp
Sheaffer
Jan
24% July
3
45
100
preferred
Arms Corp
Schenley Distillers Corp.
5 % % preferred
Scott Paper Co
$4.50 preferred
$4 preferred
33%
V. 44 Vb-
26
Jan
25
par
5%
Shattuck
12
17% May
5%
3'/a Mar
prior preferred
Standard Oil of Calif
64%
17%
10%
4,600
-
32%
17%
*16%
-
18
14% Jan
Savage
$5 conv
Jan
Jan
30
Jun
9
17% Jan
1
7%
9
47% July
38%
39
33%
10%
9,300
4Vb
56%
65%
17
100
115
3%
63 Vz
17 1
20,600
33%
56%
65%
17%
70
110
3%
3Vb\ '
30
500
113
56%
3%
43%
10%
♦113
115
*113
2,500
V
64 V*
56
3%
57%
*58
33%
33%
33%
1,670
38'A
55%
57%
*17
31,100
«
115 VB
♦111 'A
110
114%
34 Vb
65%
38'A
*63
64
38%
;*32
30
60
*112%
38
115'A
-
63%
11
1,000
71%
63%
•
6,500
69%
62%
■
1.600
t;
47
69%
64
,
130
27%
68
64%
64%
33%
.*
*58
31
68
64 Vb
63%
38%
>
-\
1,100
11%
37%
55
27 Vb
40.100
8%
10%
*112%
3%
4
56
*30%
7%
70
10%
37%
114
70
*46
60 f
115 >/b
33 Ve
160
10 V*
37%
32 Vb
4.200
10%
*112 Va
114
115
3%
55%
4
4
55
32%
32
*113
115
*113
,
<
*58
42,000
57%
65%
10%
*112%
115
*110
•
32
31%
*45%
37 VB
63%
:*•
•
28%
67%
;
'
109%
27%
47
1,300
44.600
8%
31
27 Vb
112%
63%
*112%
.
60
30%
15%
7Vb
?'
69
37 Vb
64
*63
64
i
V,:'
4.000
24%
33%
65%
8%
8%
60
57%
7%
7»/b
69
112%
1
115 V*
*113%
115
*63VB
37
36%
37%
*37
*112
7%
8%
12 V*
Jan
Smith
27%
■
65%
*65
70
27%
31
27 Vb
•
--
70
*69
69%
31
31
\ 27
7%
7%
8%
*8%
8%
69
*68
28%
3
11% July
8
17% Jun 17
3
5% Apr
Smith (A O) Corp
108.000
151
•
18% July
3
29
Jan
11% July
Jun
28
600
56.700
5%
24%
33%
28%
Jan
8% Feb
13
7
527/8 Jun
800
32%
*15
15%
33%
Sep
39 V* July
14 Vb Oct
July
.; 43% Jan 27
151
32%
32 V\
Feb
13
No
'—
150
15%
Jan
3
34%
Jan
Southeastern Greyhound
24%
Jan
25 V*
39
J
South Porto Rico Sugar
32 %
5%
35% July 10
Jan
1,700
15%
15% July 10
3
.
Nov
2.200
24%
4
Jan
Jan
32
37%
32%
27%
8% Jan
28
80
%
33%
-
99% July 12
27%
33
15%'
8
3
37%
33%
28%
85% Apr
15
33%
15%
Feb
15% July
93% Jun
Jun
38%
24%
24%
70
Jan
1
4%
32%
Nov
IV*
4
2% Apr
37%
15'%
59 Va
15% July 10
4
Jan
20
32%
32%
28'A
Feb
82% July 14
Jan
aBa Mar 17
5%
151
98
% Jan
33%
•
Dec
5
10
10
38%
151
76
July
100
4%
*148%
Apr
Dec
100
38%
151
Oct
9%
preferred
33%
:
88%
Jan
Francisco.
Louis-San
4%
*149
Jan
5%
20% July
63
No par
33%
32%
27%
*64%
150
;
'?
14%
?
73 Va
100
May
Joseph Lead
tfit
Apr
101%
15
No par
preferred
10%
Jan
27
39%
j 15%
;
$2.50 conv
Jan
12% July 11
36
;.
(The)
Co
Dec
Jan
Copper Mines
Typewriter
Oct
74%
97% July 10
1
Antelope
93
Jan
84
No par
38
150
*148%
24%
24%
23%
39l/»
5%
3
—No par
32%
4%
3
Jan
Jan
33% Jun
1.500
14%
Jan
6% Jan
Co
Jun
4%
5
87
_10
Company
Sep
May
95%
23
2.000
Dec
14
24% Apr 24
16%
*27%
14%
14
& Brass
Common
St
13% July
21% July 5
102% Mar 24
5
No par
41%
Jun
Nov
69%
9
Apr 24
No par
53,300
Nov
6%
42%
1
8 % Apr
16
preferred
!
100
5 % % preferred
100
Reynolds Metals Co
No par
5%% conv preferred
100
Reynolds Spring
1
Reynolds (R J) Tob class B
10
Mfg
Jun
99% Jun
1%
Ritter
7
99% July 14
100
Simonds Saw A Steel—
500
16%
*23%
18
Simmons Co
'
.
14%
27%
6
11% Feb
No par
preferred
6% conv prior pfd ser A
Revere Copper
38
4%
37%
38%
••
86% July
30
18
conv
32%
*32
150
•27%
Jan
Mar
Silver King
*40%
23%
39%
27%
14%
14
14%
39%
20
70
3
1
Republic Steel Corp
38%
4%
4%
>
3
50 % Jan
Shell Union Oil
14%
39%
*23%
23%
*23 VB
39%
4C%
32 %
.■■■
*27%
40%
*27%
4%
'
:
80
5,500
27
♦26%
Jan
128% July
.7
2.000
32
32
32%
27
66%
Jan
5,000
V
4 %
•■•••4%
4%
-
32%
17%
32%
4%
4%
Vb
70
*53% >54%
26%
26%
26%
42
38% ;
26%
4%
17%
„
54%
'•
33
41%
150
13%
27
33
*26%
;
;
14%
*53%
'
27%
*17
'
14%
14 %
14%
14
370
3,600
5
90
No par
100
100
Inc
Motors,
Reo
Seagrave
23%
;
Jan
7
Seaboard Oil Co of Del—
5.700
3Vs
9
7.900
97%
Jan
11% July 14
70'A Jan
2,400
6
97 Vb
97%
40
y
24%
5%
6
300
110
24%
23%
97%
107
*109
110
*109
109%
5'A
5
5
5
113%
42%
24%
24%
24%
24%
*110%
17.100
"V
200
34%
33%
22%
' 3
x83% Mar
RR
Saratoga
270
♦106%
7
5% Jan
35
.100
&
5.600
42%
27% Jan
Aug
22% May
Jan
-25
Preferred with warrants
Rensselaer
8%
33%
32
Jan
13%
112%
106%
Jan
14%
26%
19%
8%
42%
33%
26%
July 13
20% Mar 21
8
38% Jun
1
30% Jun
20
Safeway Stores
106%
34%
107.
*42
42%
33
Jan
2,700
8%
•'
2
3
13
Jan
112%
113
8%
Jun
RemingtQn-Rand
13.500
113%
33%
106%
>
112%
,*•
15 Va
Jan
1%
1
Jan
12
52%
52%
~
11%
14 Va
52%
i.
1%
1
A-52%
July 10
17% July 11
non-cum
42%
33%
*42
42%
*42
42%
106%
107
*106%
107
*41
34%
*33%
33%
33%
*106
10,800
1%
1%
*51%
8%
6.900
%
52%
1%
52 %
8%
34%
A
1%
1%
1%
-
34'A
18
20% July
130
\k
3
21% July 11
4,500
34%
Jun
5
Rustless Iron & Steel Corp
%
29%
5
Ruberold
34%
Jan
19
Royal
%
Dec
Jun
21
Feb
1,000
35%
101%
; 14% Apr
1.000
51
*50%
Jan
—1
Roan
%
%
%
51
54%
33% July 10
32% Jan
No par
Corp
Richfield Oil Corp
51
10 Vb
17
-10
Reliance
Rheem
34%
34%
%
33
51
*50
:.i.
71V* Oct
Jan
Mfg Co
Reliable Stores
2,700
19%
Jan
3 %
3
'
Feb
28
100
(Robt) & Co 1st pfd
Rels
4%
59
3
10% July 10
107% Jan
15% Jan
100
Preferred
July 12
76% July
27
12% Feb
—5
Hosiery
23 Vb
19 Vb
19%
19 Vb
Silk
Real
Jan
13
2814 Jan
Raybestos Manhattan
—1
Inc
—
-25
$2 preferred
—50
Reading Company
_50
4% non-cum 1st preferred
non-cum 2nd preferred- -50
34
*33%
>85%
100
200
51%
*51
51
51
33%
'51
19%
19%
20 '/a
19%
:>/
24
Rayonier
9.400
I
5
7% Apr
No par
2.300
,
69% Jan
1
.'
preferred
conv
8 Vb
22%
23%;
33%
6%
8% Apr
par
•<r~r~
16%
*8
■v
33%
;
38%
16%
16%
34%
20
7,700
90
10%
24 V*
%
4.300
■•I
17%
111
8Vb
8
•
17%
.
llVa
*37
38%
*37
24
32%
340
34%
38%
34%
.
50%
120
14%
34 V*
34%
24
•
37,400
'l'
6.100
310
*37 Vb
17
*16%
17
•
34%
24
1.400
99%
34%
17%
11%
*16%
8%
8%
18
"
97%
99
$3.50 conv 1st
Kadio-Keith-Orp" mm
12
par
No
preferred—No
Corp of Amer
6%
'
17
*16%
37%
*»—*
*96%
98%
14%
35%
37%
*101%
97%
12 Vb
15%
98%
14%
2,200
40,000
99 V*
*82
15%
35
12'/a
20%
11%
'
82%
97%
97
•:
>
530
12
•
*96
600
94
99 Vb
12 V*
99%
97
99 VB
19%
T01%
96%
96%
96%
97%
96%
6,100
99 VB
12'/a
21
*101 Vz
19%
*93%
12%
97%
62%
130
v
*21%
21 Ve
■
10
17%
12%
*95%
1,400
.t
130
21%
21
*101%
400
:
11%
*129
63%
VB
31
128%
135
4,300
17
37 %
37%
*30
9%
*62
19%
99
•
37%
31
1,400
*
3J
18%
*128%
19%
20
95
33
18%
*9%
'
Vb.
17 VB
*32%
32%
37%
63
*32
17%
22
19%-.
*97
*96
2,220
21%
17%
17%
*21%
63
17%
18%
*30
135
*128%
v>
32%
16%
32%
9%
9%
9%
32%
17%
'
32%
30%
30%
f.
33%
-
xl8%
V
38
*37%
135
63%
64%
"
"
92 V8
*
17%
*33
2H.8"0
9%
92%
9%
10
92%
1.000
.
Radio
10
33% Jun
26% Apr
18
33% Jan
5% May
9
26% Jan
4%
Feb
12% Jun
22 Va
Jan
27% Nov
27%
35%
27
Nov
5
22%
Feb
35% July
4%
Jan
8% May
7% Mar 13
Apr
Range for Previous
STOCKS
HIGH SALE PRICES
LOW AND
July 11
July 10
July 8
$ per share
I per share
share
S per
I per share
t per share
Sales for
the Week
Shares
800
Friday
July 14
Thursday
July 13
$ per share
Wednesday
July VZ
Tuesday
Monday
Saturday
•
Year 1943
Range since January 1
STOCK
NEW YORK
1944
Monday, July 17
CHRONICLE
COMMERCIAL & FINANCIAL
THE
242
Lowest
EXCHANGE
t per
Par
Highest
Highest
,
$ per share
t per share
t per share
share
Lowest
-
T
*8%
*46%
8%'
47%
*46%
8%
8%
8%
8%
*46%
47%
*46 Va
47%
*46 V8
6%
8%
*46 Va
47%
6%
8%
47%
8%
47%
8%
8%
8%
6%
—
6%
6%
12%
12%
12%
12%
12%
12%
2.300
12%
12%
12%
12%
12%
12%
48%
48 Vz
48%
10.100
48%
48%
49 Va
48 %
48%
48%
49%
49
49
6%
6Va
5.500
6%
6 Vb
6%
6%
6%
<?%
6%
6%
6%
6Va
1
:
6%
6%
36%
36%
36%
36%
:
37%
■>
,
•6%
6%
6%
36%
36%
36%
36%
36%
36%
36%
18%
18%
17%
18%
17%
18%
18%
18%
18%
18%
18%
18%
10%
10%
10%
10%
10%
10%
24%
25
26%
26%
23%
22%
23
23
11
11%
10%
11 %
24%
24%
24%
24%
24
24%
.*22%
23%
.v.23%
23%
23%
23%
56%
56%
8 Vz
8%
11%
11%
/■:■
112
112
9%
6%
6%
6%
6%
6%
6%
6%
*13%
13%
13%
13%
13%
13%
*13 Va
42%
42%
43'A
42%
43%
43%
43%
3%
3%
3%
3%
3%
#3%
3%
13%
*42
43%
42
3%
4%
4 Va
3%
4%
26%
26 Vz
*24%
25%
25
25
17
16%
16%
17
16%
V
/■
:
V-
53
*51
54
50
25
25
25
25
25
16%
16%
16%
16%
105%
105 Vz
105%
30%
30%
30%
30%
30%
30%
30%
51%
51%
51%
51%
51%
51%
10%
10%
10'/a
10
10 Va
1.100
16%
105 V 105%
:v3 8.200
"
v;
8.6C0
v
104%
105%
29%
30
30%
30%
30%
51
51
51'A
51%
51%
10%
51%
$4.50
22%
23 Va
23%
23%
23%
6.000
23%
23
23
18%
18'A
17%
17%
17%
17%
4%
17%
4%
18%
4%
17,700
94%
94
94
10 %
10%
10%
"5 4,000
18%
3.200
105%
105%
10'A
10%
10%
10%
22%
22%
22%
23%
18%
18%
18%
18%
1
10%
,
■,
XlO
•
5%
4%
4%
5 Va
*94%' 95%
94%
95%
94
95%
*94%
94%
9%
10%
*9%
*10%
10%
18%
18%
18%
5
5
5 Va
-
95
'
18%
19
18%
18%
18%
26%
26%
26%
26%
26 %
26%
33
33%
33%.
33%
33
33'A
104%
108
*105%
8
7%
98
97%
99
14%
13%
14%
64%
7%
8
98%
98
*:
13%
14
,
*7%
*97
13%
*105%
109
*105
107
/
/
*98
//
8
*7%
>
98%
/
14
19.600
7.400
33
110
93%
*971/2
13%
99
*
13%
32%
*105%
*7%
7%
7%
7%
33
110
33
*105%
'
13%
f
7%
T
-
98%
13%
.
y
800
140
.
7.800
13%
Rapid Transit
i Twin City
j
64 Vz
12%
64%,
64%
64%
13
*62%
12%
13
12%
12%
12% V13
82
81%
82
81%
81%
82
81%
•114%
116%
*114Vz
113
*112 Vz
113
20%
111%
99
28
29%
104 Vz
28
29%
*27%
68%
28
28%
28%
114
17
17%
17%
105 Vz
32%
28,400
United
*116 %
116%
21%
2,900
United
116%
*113
"
♦114
114
114
21%
21%
21%
114
.
116%
*114
22
24%
24%
24%
1%
1%
1%
1%
51.100
36%
14.200
*24
1%
1%
1%
36%
17%
36%
36%
17%
36%
36%
36%
17%
16%
17%
17 > t 17%
105%
105%
105%
.*103%
104 Vz
104% *04%
•
8%
8%
%
58%
58%
58 %
10%
10%
10%
/,*.
8
10%
8%
8%
;
V
8%
8
32%
10%
10%
31%
32%
31%
32%
32
-86
86%
87%
87%
88
89
85
85%
88
84%
1%
1%
1%
15
15
15
37
37
37%
103%
i03%
6%
6%
6%
103%
*6%
6%
6%
6%
12%
12%
12%
12%
*12>A
12%
105%
105'A
1C5%
*104%
105
17
17Va
81
83%
*81%
'174%
175
*46
49 Vz
41
41%
42
24%
24%
'110%
113%
*110%
8%
8%
10
/
10
36%
36%
36%
*45
50
41%
*41
62%
63%
63 V8
135%
134%
135
26%
26%
26%
48
46
50
"
41%'
1%
1%
136
48
\
61%
*60%
61%
133%
133%
133%
134
26%
27
1.200
61%
*133%
26%
41%
2,200
2,900
U S
'
60
61%
300
76
,
133%
>
26%
*47
w
47.600
'
134
47%
47%
47'%
47%
*47%
3%
3%
3%
3%
3%
4
4Va
3%
4 Va
4
3%
4Va
4
4Va
3%
3%
4
4 Va
4
Va
4
3%
4
4
4Va
*47
97
*96
5%
*5%
*38
39%
38%
38%
79
*78
80
78
5%
5%
*78
166%
169%
*166%
169%
21%
22%
22%
22%
•"
.
*167
78"
98%r
98%
17%
17%
17%
5%
*5%
*38
5%
169%
38
76%
77%
77
77%
169%
*168
169%
*167
.
United
'
1.800
5%
700
387'a
50
*168
76%
'
169%
•
Corp
Stookyards
'
r
a.
160
,
conv
'
16
30
July
15
'
34%
Dec
3
Mar
26%
Jan
Jun
9%
Jan
15% July
Jan
103% May
30% July 10
23%
Dec
34% Mai
52
6
10% Jun 22
40%
Jan
50
6%
Jan
23% July
6
15'A Jan*
18% July
5
11%
Jan
1%
Jan
July
July
5% July 10
98% Jun
69
21
33%-Jun
Apr
4% May
May
Jan
9% May
24% July
6%
13
104% July
99
6
<
May
14% July
K)
Oct
:
9% Jun
Jan
67
5
34% July
101 r
Nov
4%
S
8% May
102
16%
/ 90
Jan
26
26% July 10
•
July
10% May
/ 25% July
12% Jan
25
Jjan
Mar 25
11
20% Jun
Jun
77%
Jan
Jun
11% Jun
6% Jan
v
:
.
y 31
68
par
par "
162
-100
No par
2.50
.-5
y 42
26
13.% July
7 !
5
/
Jan
8
59
Jan
,
82% Jun
20
x76%
14
113
Feb
86% May
Jan
xll8
Apr
114%
Oct
105%
Jan
15%
113% May 26
20% July
July
11%
:
Dec
116% Apr
;
Jan
22% July
102% July
6
80'A
Jan
93% July 10
79%
Jan
28% July 12
24'A
Jan
97
Oct
28% Mar
30% July 11
x24 %
Nov
40
11
93%
Jan
111% July
•
7
,
■
6
5
Jun
66
10
Jan
106
117
109%
Jan
70% July 11
26
Jan 21
55%
Jan
18%
Jan
•
Jan
15%
94%
Dec
2%
Jan
62% Jun 26
; 38%
Jun
27
Sep
2%
Dec
29%
Dec
Dec
100
Dec
5%
Jan
Apr
13% May
Jan:
99 Vz
Jan
84%
19 '
9%
.
Jun
Apr
76%
Jan
4%
5
17
.
Dec
July
59
Jan
75%
Oct
168
Apr
;
Dec
"181%
5
5%
Jan
10%
Oct
May 20
180
39%
Jun
44%
Nov
30
Jan
4
Jan
Mar 13
<
137/a July
48
43% July 11
8% Jun
28
25% July
•
Z,
Jan
3%
21% Feb
108
-7%
Apr
19% Apr
Oct
114
Jan
/
-
July 12
4%
Nov
8 Va
July
July
9
10
8% Nov
9%
Jun
37% Jun
46
6
27
v
July 10
20
37% May
29% Jan
\
2J>%
•
Jan
il
:
,
42
Jan
32
6
Mar
42
x42% July
13% Jan
3
112% May 31
Jun
3% May
Jan
25 Va
July
44%
.
46'A
Jan
Sep
14
18
101
Jan
130
Dec
13
46
Jan
62
V May
64%
Jan
47%
Jan
14
10
8
3-
'
Nov
74
59% July
Jan
112
July
125
20 Va
Nov
29
23
42 Va
Jan
50% Aug
Y4% Jun
27
1%
Jan
3% July
4% Jun
20
27% July
May 18
Mar 20
16%
99
105% July 11
88
July
9%
35
Jun
5
127/a July
66
Jan
60% Mar
21
6% July
Jan
Nov
2%
Sep
Dec
9
"
Jan
5Vb
23%
5
33% July 14
89
July 13
2% Jan
3
15% Jun
8
39% May 3
Sep
;.//96
'
•
11 Va July
104% Feb
Jun
7%, Jan
6
9% Jun °7
-
Jun
2% May
35%
17%
y
105 3A July
'k
Jun
69%
X26
;
5
17% July
114
Jan
1
July 10
37
•
Jan
4
'Apr 27
22% May
Jan
18
13
•
Jun
33% July
'
1.6
Jan
.Jun
l7/aJuly
May
114%
/
6
July
22
114
Feb 10
.
17% Jan
32 Va July 13
48% Feb
44V2 Apr 26 -i
2% Jan 26
2V4 Apr 5 v
16
Jan 18 :
14% Jan <■ 4
3'A Jan ; 4 •
x
—I '
1
of Am
22
;
par
;
preferred.:
6%
5
Jan
35% Apr 18
2% Jan
1' Feb 2 j
54% July
40
Feb 7
142 % May
130
Jan 13
61% July
52% Feb 7
76
-July
69 * May 25 '
63% July
y 50% Apr 19 >
135% July
xll9% Jan 21 1,
8
preferred,—
...No
Universal-Cyclops Steel Corp
Universal Laboratories Inc
Preferred
.No
Universal Leaf. Tob
^No
$6
Jan
Feb
IV.
94%
5% Apr 24
8% Jan 25
30% Apr .19 •
40% Jan 3 :
1
United 8tores class A
700
17%
76%
110
—No par
preferred.^
25
6.900
17%
*38 .'
Co
non-cum
•2.400
'
99%
5%
,
38%
38 :
.
.
Tobacco
7%
'
/
99%
98%
5%
5%
39%
5%
*38
•
*98
•17%
97%
18
18
18
17%
18
18
97%-
97
97
—
<
Nl,100
1.7Cf0
,
8%
26 %
Sep
May
6% May-
Jan
8
26
Oct
49
Jan
3
'
9%
7
34 % Apr 24
5
Jan 19
16 % Jan 3
20
>:-10
1
;
26%
14.400
54%
137
62%
.
;
Foundry,,.
Plywood Corp
JU S Realty & Impt
33%
8
17
1
—1
10
U S
95
Jan
2%
107%'May 29
14% Jan 3
70
Mar 28 ;
170 Jan 10
8% Jan 4
,42
Jan 7
100 *
1
Playing Card Co—
Jan
4
4% July
7% Feb 10
97% Jan 4
—No par
U S Rubber Co
10
'8% non-cum 1st preferred
100
U S Smelting Ref & Min
—50
/
Preferred
-j
50
U S Steel Corp
——No par
Preferred
+'
:
.100
75%
48
preferred
Preferred
U S
4.600
61%
26%
Co
Lines Co—
U S Pipe &
800
•:
2
62%
134
U S
100
/
75%
*75
75
53%
;
Leather
52
28 Var Jun
5 ~
4
6 •
3
No par
—No par
No var
47%
1%
1%
S
2,000
10
36%
'
136%
62%
27
41%
53%
75
preferred
Partic & conv cl A
Prior
'61.800
8%
50
136'A
62%
26%
36%
52%
75
•
112% :.1-
*46
41%
,
conv
U
136%
63'A
5% %
July
Jan
9
13% Mar
75"A Jan 12
l%Jun 3
: Jun
8
28% Jan 19
—5
50
Mach Corp
Hoffman
1.800
53
61%
61
61'A
61
1%
2
S
//■;
1
41%
1%
U
Oct
Dec
29
July 13
44% Jun
14
20
100
Co
preferred
U 8 Gypsum
60
''
14
8
May
Jun
July
53%
Jan
6"Va July
*
Feb 25
Feb 19
Feb 5
Feb 3
26% May
—No par
Nd par
No par
—
4,000
136
51°/8
51%
135%
41%'
Co—
3,900
'
62 V,
27
48
36%
*46
U S Freight
7%
9%
*36
46
Secur,.
1st preferred
$6
24%
8%
10
9%
36%
41%
*74%
75
63%
135%
9%
36%'
U S & Foreign
1.800
13%
43%
*111
8%
8%
>' 7 V.£.' "-v;
1
24%
V;
112%.:
*111
;
9
*9%
50
51
.
8%'
10
135%
61
60
112%
*111-
36%
1%
2
51%
136%
*74%'
75
,
41%
51%
60
60
*73%
8 Va
8%
■
:
''
*
'•
4
35
9% July 14
3
,
U S Industrial Chemicals
43
..
7%
25%
113%
5%
.
Jan
5
July 12
9%
—1
100
98% Jan 3
.10
4
Feb 9
::' *•6'
United Merch & Mfrs Inc
preferred
United Faperboard
6y4
58
45% Apr 19y
8
Jan
6A
No par
Improvement—.No par
j— 13%
—:
7%
>
7%
24%
*45
42
136%
52'A
136
43
7%
24%
36%
50;:
1%
1%
l7/a
52
135%
x42%
43
7%
24%
2,200
-
48
*46
7%
/
82% A-vi
13%
13%
48
-,1.300
1
W
28% July
17
.
Fruit Co..
United
United Gas
150
177
*175
24%
9%
10
*36%
41%
13%
*46
■1,900
16%
82%
.
177
*110%
8%
*45
42%,
43%
13%
48
*46
'
*7%
113%
8%
*9%
13%
13%
48
82%
81%
*175
24%
7%
25
24%
.
81
175
41%
42%
7%
81
,175
*46
48
7%
82
3,500
105
16%
,16%
16%
Cos.i
Engineering & Fdy
180
12%
12
105
105
Coal
United
6.600
6%
—1
1005>
5:
Oyewood Corp—.
Preferred
.
;
United
y
V-'
12%
12%
-j—No par
$4.75 preferred
9.400
-
5«
—
Electric
'
6%
Co
Drug
United
104%
6%
$3
United
2.500
'
38%
*104 %
104
105
16%
175
.
,
13%
13%
*46
*7%
175
175
105 JA
16%
17'A
,
80%
82
'
13%
13%
13%
,,
175
,
17
17 Va
/
12%
12%
*105
38
Corporation
preferred
3,700
15
38%
°
6%
103%
22,400
38%
36%
103%
6%
5.800
1%
15
15%
15
36%
103%
103%
17
15
'v
1%
1%
36%
103%
1C4
1%
15
15%
15
15%
37%
88%
1%
32%
30 %
32
37
33%
87%
10%*
31%
\
130
59
10%
No par
.No par
No par
No par
.
■'
600
10%
"
Carbon Co
par
100
United
2.100
«/#"•'• 8%
:*57%
-
10%
1%
A
—No
preferred
Unlted-Carr Fast Corp
7.800
■
'
59
*57
31 Vz
*103
200
70%
58
59
1%
24%
70%
*24%
100
■;
Co
13% July
Nov
24% July
25% Jun 6
100% Feb 24
22% Apr 18
102% Jan 19
20% May 4
110
Mar 23
61
May 5
22
Jan 3
lVaJan 3
31% Apr 19
12% Apr 18
95% Jan 4
6
Feb 5
^10
preferred
Biscuit
Jan
3
92% Feb
26
100
;
Air Lines Inc
United
1,700
preferred
conv
.
93% Jan
Car;
conv
5%
10
24%
10%
1%
-
70%
10 Vz
1 Vz
;-:='
70%
70%
70%
5%
4%%
__
171,
8%
8%
31%
105%
37
V 58%
32%
1%
105%
8%
31%
21%
76%
113
109%
18%
preferred.—100
No par
Aircraft Corp—:
,_5
United
1.300
105
70
17%
105%
59
26.300
29%
104%
30
36%
1%
36%
8%
30%
30%
104%
31
114
1,800
7'A
16%
4
4
9% Feb
non-cum'
4%
Union Tank
10
■] 1
.
100y
/
,' Union Pacific RR Co
104%
30%
*114%
v
28%
*28
28%
28%
70%
1%
1%
36%
*58 %
1.700
*24
70 %
24%
1%
'
'•?. 3.500
98%
98%
'
21%
*113
36%
*105
117
21%
110%
98%
104%
,
104%
31%
30%
*114%
21%
5.200
31%
30
30%
104%
31 %
69%
24%
24%
29%
104%
117
*24%
,
10
20%
110
110%
*98%
113%
20
110%
110%
110-
28
*113
69
20 %
20,%
20%
..
28
104 Vz
20
116%
*112%
20
99
21%
114
*114%
113
20
98%
30
*112 %
116%
113
,
99%
*115
21%
116%
113
110%
30
*104%
30
21%
116%
99%
.
117
29%
*115
*114%
109%
28%
104 Vz
20
—-No par'
—No par .
No par
Union El Co of Mo $5 pfd—No par
Preferred $4.50 series
No par
Union Oil of California
25
Bag & Paper,,
Union Carbide & Carb
7.900
18
3
Wmg:0tM 'A Jan
51
Union
'
Jan
54
5% Jan
6814 Jan
/ 8% Jan
V Under Elliott Fisher Co
9.500
*112%
99%
99%
82%
500
*
111%
111
99
81%
82
81%
82
13
113
*112%
20%
20'/«■
20%
111%
12%
'
64%
116%
116%
116%
*112%
"
64%
8%
10
:'k
v
.
U
V
'
*63% ,65
12%
12%
64%
-
100
.,1;
1% preferred,,,,
Twin Coach Co—.,.
°.(
:
t: j
, j.,
,
f
64.
No part
—No par
No Par:
No par
$1.50 pnferred
$4.50 prior pfd.
V
.-■/
•
1
Corp.—
/20th Cen Fox Film Corp
Rayon
41% July
113
3'A Feb
85
Jan
v 8% Jan
15% Mar
21% Feb
28% Jan
100 « Jan
-
No par;;
Corp,,
Truax-Traer
Tubize
6% July
Dec
17% Apr 25
12 Vz Jan 5
!
1
—No par
Trl-Continental Corp..
$6 preferred
.
Jan
24
8% Jan 13
No par
St'l
Transue & Williams
,
350
::
West Air Inc
•Transcont'l &
1.600
Jan
3%
y 43 % Apr
2
5
Transamerica Corp..
9,100
,
26%
26 Va
26%
26 Va
33%
109
18 %
18%
18
26%
26%
33 Va
f
,
-
W
53% July
41%
33%
11% July
6
Jan
5
5
Jan 11
25
10
.—No par
13% May
27% July 14
11% Jun 13
Detroit Axle
Timken Roller Bearings
.
Jan
19% Mar 16
32 % Jan 10
2
Jan 4
18Vz Mar 6
13
Feb 3
100% Jan *3
preferred.!:!——No par
conv
y Timken
2,400
"
5
10%
*10%
10'A
10%
5
5.600
f
8%
Jan 31
Apr 19
25
__i0
5% Mar
37% July 14
.
4'A Jan 19
•
Jan
6% July
par
par
par
*
Products
No
./ Thompson-Starrett Co,,,
No
S3.50 cum preferred..
—_Nr
Tide Water Associated Oil,
Thompson
1.120
106%
106
106
Thompson (J R)
;
*
43
,
Third
300
1.100
1
$3 div conv preferred.
.,,10
Avenue Transit Corp ..No par
i
7,700
;
25%
16%
670
5% Jan
92
7
100
-
.*
'
Co
Apr
45
Jan
3
50% Jan
17% Jan 4
12% Jan 13
50% Feb .4
,
.—No par
-
Preferred
Thermoid
21.400
,
13'/z
50
49
The Fair.
r
70
6%
6%
*13%
16%
-
6%
43%
♦43
49%
9%
-
9%
13
13
49%
9%
9%
48%
6%
6%
9%
9%
47
/ 47
9%
-
:> 1.300
i
112%
*110
112%
$3.60 conv preferred
Jun
8%
Jan
35
12% July
9
8% Feb
100
Na par
No par
Co
Thatcher Mfg
2,800
•
32% Apr 19
14% Feb 4
5%
J9
Mar 17
6% July 12
49
4% Feb 28
,_1
Texas Pacific Land Trust-,
Texas & Pacific Ry Co
460
9%
9%
9
9
*110
■/,:
Sulphur
Pacific Coal & Oil
Texas
'i
16.800
27%
23%
*57%
58%
*57 Vz
9
111%
Texas Gulf
9,700
58
u
9%
9Va
-
47%
9%
9V4
58
*8% /'
111
114
*111
112
•
58
8%
8%
8%
8%
23%
57%
57
57
57
112
24%
■/■
Texas Gulf Producing
9.300
<
(The)
Texas Co
Jan
Jan
4'A Jan
1G% Mar
45Vz Feb
8% Jun
7
42
No par
10
Corp
Tennessee
„
4.400
•
Corp
Telautograph
2,200
6%
*6
preferred
5%% partic
•
5
3
12
29
7
9
—50 '
5
5
25
No par
Talcott Inc (James)
.
■
%. Jxn
18
Va'July
6
5
July
7
>
■
169
July
Feb
25
»
Oct
Oct
20% July
30Va Nov
•
*
3
88
Dec
2% Ncv
3
78
•13%
5
39% July
•
<:•
Apr
Jun
56
99% July 14
v
59% Jan
>
6% July
41% July
; 75% July
Jan
150
.165% Nov
25% July
■
V
119%
119%
22
12%
13%
*118%
13 %
12%
13 %
12%
13
48
46 V*
46%
*46%
48
118%
118%
118%
118%
118%
420
xl3%
13%
13%
13%
2,500
47%
47%
48%
48%
46%
46 Vz
*46%
118%
11118%
118%
118%
14 %
14%
13%
13%
13%
13%
48%
47
47%
*47%
47%
80
*80
*80
85
85
24%
25
25%
24%
4%
4%
4%
4%
4%
4%
4%
4%
60 Vz
60%
60 Vz
*60%
114'A
114%
114%
114%
*38%
38%
♦33V8
46%
*45
45
45
38%
*45
*38%
61 Vz
115
46
38%
60%
114%
45
*38%
61%
4%
60
115
115
45
*45
38%
V
85
115%
115
46%
38%
38%
38%
*34%
35%
38%
*34%
35%
35
*117
120
*117
120
*117
119%
*117
*150
165
*150
165
*150
165
*150
165
1*150
35'A
Chemical.
6%
Va
El
.
&
Pow
*12
29 Vz
*105%
59
58
58%
12%
12%
12 Vz
29 Vz
106
*57%
58
57
58
57
'
29%
29%
106
106
12%
29 V2
-105%
12%
29%
108
12%
29%
*105%
12%
29%
12%
29%
108
*105%
53%
12 %
29%
108
*52Vz
♦18%
53 Vz
18%
52%
53%
53%
53
*18%
18%
*18%
18%
18%
18%
"18%
53%
18%
preferred,.,—
Vulcan Detinning Co
,;.s
9%
9%
9%
9%
9%
9%
9%
9%
9%
9%
For
i;1"
footnotes
53
53
see
page 243.
1
w
12%
12%
3.400
Walgreen Co—
29%
108
100
4V2 %
55
2.700
Walker
preferred
(Hiram)
"18%
18%
100
D<v redeem
9%
9%
9.800
Walworth Co
:
,100
—No par
No par
'
—
G & W
preferred
100
No par
No par
No par
5
15%
Jau
13% July 11
46% July 11
119% Jun 12
8%
Jan
25%
Jan
23 Va
July
14% July
.
149
■
Feb 14
Jan / 3
" 10% Jan 19
v 26 Va Apr : 1
105% Mar 27
Feb
4
17'A Jan 12
7% Jan
3
48
1
Mar
Feb
37%
Oct
44%
Oct
Oct
48% July 14
40%
Dec
80
July 10
51
Jan
65
July 13
57
Feb
67% May
20%
Nov
26%
85
25% July 13
'
5% Mar 24
62% July
116
52
5
35% July
7
120
Jun
155
July
Aug
Feb
2% Jan
6% July
Jan
68% July
39
July 14
'Mar
39% Jan
20% Jan
45"
Oct
Oct
27
Jan
40
29 %
Jan
35%
27
80
Jan
110
Aug
6
113
Jan
150
Nov
15
7
/ y:
..40
115
12%
120
5
.
100
preferred
Waldorf System
1.200
!/y
v;
4 %•%
Wabash RR
54
100
!
Preferred
1.200
29%
100
100
.25
25
6%
57
*105%
pfd
Virginian Ry CO
57
57
pref
$5
200
v
58
.100
div partic preferred
Va iron Coal & Coke 5%
1,000
.
No par
preferred
non-cum
120
.
165
35'A
5%
Va-Carolina
119%
35%
Chemical Works
—
Vicks Shreve & Pac Ry.
4
4
3
116% Jan 28
12"A May'15 *
41V2 Jan 25
63% Jan 15
70
Feb 11 ,
21% Jan
7
v 4 ' Feb
4
52
Feb ' 9
113% Jun 14
38% Feb 17
37
Jun 21
33
Apr 19
102
Jan 4
9% Jan
37
Jan
__5
100
100
—5
Chemical Co
Vick
Victor
1.030
Sugar Co-6%
17% Jan
;
100
preferred,,*
Vertientes-Camaguey
.2,100
59%
*45
1st
3,500
116
46 %
120
35
1%
2.600
4%
Co
Norman
Van Raalte Co Inc
20
25%
4%
58%
4%
60 %
50
85
25
*117
m
800
.
83%
35
35%
*35
*150
85
24%
60%
*78
83%
83%
23%
200
'
*78
*80
23%
114%
*117
85
23%
:
-
*78
*80
85
80
85
23%
23%
7.400
Van
12%
47%
80
*80
Vanadium Corp
21%
14
*78
1.500
21%
22%
47 Vz
14
*47
21%
21%
*21%
46%
*46
47
*46
12%
12%
12 Vz
12 Vz
21%
Sep
24%
Jan
40%
12% July 10
7 Va
Jan
11% May
May 25
20%
Jan
28 Va
59% Mar 13
30
106% Apr
13
July 14
18% May 26
10% Jun 27
55
103
38%
15%
Feb
109
Dec
July
Jun
Oct
Jan
54%
Jan
18% May
4% Jan
9%
Jun
Volume
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4299
160
NEW YORK STOCK
LOW
10%
11
2
10%
2
2
103/a
2
*57
57%
*56%
lVa
14 %
14%
14%
15
14%
34%
32%
32%
32%
32
32
•23%
24%
24%
24%
24%
24 Ya
24 Ye
•19%
19%
19%
19%
19%
19%
19 Ye
29%
29%
29%
30
:,v, 30%
30%
30
V
.
243/4
24Ya-
24%
19%
193/e
19%
19%
303/4
30
30
30
30
10 Va
9%
9%
10
25 Ye
243/4
243/4
*24 Ya
25
81%
81 Ye
81 Ya
81%
81 Ya
81%
25
24%
24%
24
24 Y» c
92
91 Ye
92
24%
25
24%
•91%
92
•91%
10
24 Y*
24%
92
*91 Ye
V
96
•103Ya
105
-103%
103 Ya
96 Yt
27
27
107%
34%
.
52%
30%
30%
27%
27%
•I ?,
:
•
103%
1037/a
135
*132 Y2
30%
31%
•
-
•108%
111
107
73%
,•71%
•20%
'• \
21
80
"V
v*:
29%
29%
9%
•
29%
•23
9%
-
8%
-
83 y4
84
213/4
29%
9%
*21%
l22
93/e
*28%
84
'
97/e
*29
29%
85
*83/s 6
*
23%
*■
.
530
217/e
21 Ye'
I
28%
28%
?.
287/e
93/4 ' ) '•
*93/e
-
93/4
8%
8%
17 Ya
21%
223/a
22 Ye
22%
23
11%
11 Ye
113/8
11
96
95 VA
955/e
95
13%
13 Ye
14
4
103,
Feb
1
11% Jan
July 10
35% Jun
7
103
Jan
13
107% July
26% Apr 25
,
19
Jan
Dec
85
Jan
28
Nov
20%
Jan
109
79%
Aug
99
Oct
87% Oct
119
Jun
16%
110
Oct
Sep
3i%
Dec
2%
Jan
6%
Apr
3
5%
Jan
11%
Apr
Feb
10
53% July 10
37%
Oct
49%
Oct
'22% Jan
20
31V4 July 10
22
Nov
24%
Dec
Apr 24
28% July 10
15%
Jan
24% May
*•3% Jan
r
7
"7% Jan
100
3
6Yt July
-
16 V4
July
5
'
41
21
X91
127% Mar
7
108% Jun
19
81
Jan
100
8
138
Jun
17
120
Jan
136
Jun
Jan
4
36
Jun
24
31
Jan
40
July
"25% Jan
13
31% July 13
22%
Nov
29% May
106%
Jan
112% Jun
Feb
32
par
105% Jan
12
110% July 11
par
101% May 26
July
106% July 13
100
•'59% Feb
19
73
' July 11
52
Mar
60
Apr
100
'97Y4 Jan
3
103
Jan
99
Oct
20% Feb
May 18
3214 July 10
85
7
18
Jan
66 % Jan
28
84% July a4
58%
Jan
24% July
71% July
J
-
$4
100
No
preferred—.
Feb
7
21% July 14
15
Jan
20
20
Feb
7
29% July
7
13%
Jan
22% Aug
'7 % Jan
24
Mar 23
3%
Jan
*0% July
2%
Jan
r
par'
_1
11
•
Jun
"
5
9% July
Jan
26
x64% Jan
24
86
'24
par
27
29% July 12
20
Jan
5
40
July 12
■
7%
Jan
*20%
86
Jan
Oct
27
Apr
Oct
33,200
4% Jan 14
9% Apr
5
2%
Jan
6% July
Feb
3
20'/a July
5
2%
Jan
9 Ye
11% Jan
Wilcox Oil & Gas Co
M 1,900
11%
1
No
preferred-
'18
20
—
"
2,100
22%
conv
Prior
-
94.000
.
(The 8 S);
White Sewing Mach Corp
380
■
—No par
2,200
I
f
30
No par
White Rock Min Springs
87/e
95 Ya
13
Jan
100
—
prior pref-
White Dental Mfg
18%
11%
96
par
"16%
57
10
117% Jan
No
White Motor Co
8Ya
23
11 3/8
1
26% July
/
Jan
67% Jan
5
No
.
-.
Wheeling Steel Corp'
200
cY, 173/4
183%
22%
3
10
8%
96% July 12
'85% Jan
8 Vb July
Jan
Jan
50% Jan
July 11
106% July
113% Apr
50
9.800
9%
85
*28 3/4
■-
8Yt
18%
16
50
7,200
11
8%
17%
96% Feb
No par
preferred
conv
$5 conv
22 .; ; ;
83/4
18%
92
Ppod——No Par
preferred
preferred
5% %
8,200
9%
9%
Y 85
86
17Y4
8%-
8%
102
'22
22%
23%
102
*283/4 "30 .>
25% May 31
3
100
Wheeling & Lake Erie Ry
120
I-
$4.50
$4.25
-f' 1.370
18%
■M
19
t
75
9
Jan
Sep
Dec
July
'
84%
17%
8%
18%
Y *73
.
-
83Y4
9 Ye
293/4
7.0
84
*85
:
40
lr
;
30 5/8
9%
X
6
9%
86
•
29 Ya
29 Y2
•
93/4
95/e
9 Ye
9Y4
84
^
t
,
30%
28 Y»
-
r*
■31%
*21 Ya
•
"r6
28%
28
29 Ye
-
9Y4
9%
8fr
*84
•
28%
Westvaco Chlorine
i
83 Y4
*21
•
600
112
18% Feb
,100
preferred
i
106Ya
17%
69
5
83
-1
Elec" Instrument——12.50
31%
*31%
*110
75
partic
Westonr
*105
102
101Y4
1st
60
400
106 3/4
*71
75
/
-
Jan
5
19
Apr
par
.__2Vo par
V
112
106 Ye
83 Y4
21
9%
-
*110
>
1013/4 >
IOI3/4
31%
303/4
82
9%
6 85
31%
110
*73
5.900
•
2%
10% July
25% Jun
Apr
'
-
i
26
i
27
100
;
Class B
35
35
Jan
83
Westinghouse El & Mlg
104 Ya
133%
31%
82
1
1
104 '/a
17%
6
Westinghouse Air Brake—
31
82
21
V 9.900
133%
31Y2- -313/4
9%
9%
84
V.'
32%
29%
•
S: 4.9uo
28
113%
*1063/4
31%
31%
-
29s/a
27%
1043/4
110 Ya
73
29"/e
'
-35 Ya'
20%
3
Western Union Teleg class A-No par
27Ye /'
*343%
Jan
26
Ry___
3U
•
23 %
12%
Jan
2nd <preferred
50%
104 Ye
109Y2
Maryland
non-cum
Jan
6
30% July 11
100
;•;
513/4
•
31%
1013/4
4%
15%
19% July
6% Jan
Supply Co__
,,
'•
133 Ya
31Y4
73
Western
135
-31Y2
101 Y2
7,100
\ 1,600
.•.22,200
104%-
*30'%
73
?
24% July 12
77
-
July
15% July
32%
22% Jan
Corp
7%
56
Jan
par
Pulp & Pap Co——No
Auto
23
May
2% Mar
Jan
Dec
NO par
2»"74
.
6
preferred
5%
132 Ya
1093/4
6%
70
Western
51
Jan
3,100
2.200
14%
25
West Va
570
33%
'33%
25
15 % Apr
Jan
26
13
22
No par
Indies Sugar
v
,'*■■■ 53/a
22% Apr
preferred
u*
:
6% preferred
j,
West Penn.Power 4Ya% pfd
t .*
..
par
5
No
273%
343/4
101%
*100
81
31,
v
*
135
343A
>
26 3/4
No
> 160
t
1073/4
15
1
%
$ per share
Jan
3
33% Jun
1%
160
t
1037/e
104 Y2
*106%
72
•>
101%
27%
343/4
*106%
26%
1073/4
V
24
14
West Penn Electric class A—No
70
t
..
117 Ya;
*14"
30%
34%-
111
*108%
•105%
96 VA
117 Va
5Ye
51V*
31%
.
X96 Y4
West
7.1004
i.
.
11% Apr
$4 conv preferred
'
52%
27%
-
%
'
34
5%
-
104
X'104
27
33 Y2
5%
35%
35%
35%
30%
•100
28
Y
14% /
30
30 3/4
27 Y2
105
«.
-
•34%
.
: ' 30%.
28%
I
92
"
,
108 3.4
*10734
51%
52%
-
-*26 Ye
•
34%
5Y4
104%
135
110
333/4
14 VA
*132%
105
•.132%
1:
*1073/4
34%
133/4
52
31%
30%
110
13 Y2
24%,
24 'w.
117Yi' 117 Ve
27
34 Vs
53%
281
•
263/4
5Ys. V 5 Y4
15
52%
965/e
1163/4
28
*107%
<:
14
96 Ya
1163%
> 27%'
♦
5%
5%
15
52
■
34%
34%
—
5%
5%
;
; 14%
28
•106% .108%
107%
•34%
27
.
.
117Y4
117%
500
July 10
4%
May 18
Apr
22% Feb
Wesson Oil & Snowdrift
900
f
62
5
Eisenlohr
Webster
21.500
10
2
27
par
t
Wayne Pump Co
r
96 Ya
96%
117%
96.
96%
96
*116%
2,000
9
Jan
45
Highest
$ per share
11% Mar 31
27
.JVo
Pictures
Waukesha Motor Co
81%
*91%
Bros
S per share
1% Feb
par
50
1,300
'
243/4
.
No
B
preferred
Year 1943
Lowest
Highest
share
Jan
8
No par
Fdy & Pipe
Washington Gas Lt Co
600
...
,
,
■I *80Ya
91%
'
117%
9 Ye
■-
243/4
*91 Ye
104%
104Y4
104%
103%
105%
96
•
32
$ per
Par
>
Warren
*24 Ya
-
Lowest
.
Warner
600
19%
25
9%
44,900
247/e
14%
10%
*80
145/e
14 Ye
32 Ya
81%
*
$7
14 Ye
25%
80%
Class
200
32 Ya
*31
Range for Previous
Range since January 1
STOCK
Baking Co cl A
900
I4Y4
■
Ward
300
2
*55 Ye
32
*31%
■
57%
*l7/e
57 Ya
9%
10%
25%
80%
116%
2
*56
YORK
EXCHANGE
Shares
103/4
*10%"
10%
1%
*
$ per share
25%
9%
25%
•104%
103/a
1 %'
56%
14
*
*
NEW
the Week
July 14
t per share
10%
Sales for
Friday
July 13
56~/8
57%
32%
.;
STOCKS
Thursday
S per share
share
per
*10%
10%
1%
2
57%
57%
$
$ per share
$ per share
RECORD
PRICES
Wednesday
July 12
July 11
July 10
July 8
SALE
Tuesday
Monday
Saturday
•10%
AND HIGH
243
6
24% July
5
Jan
3
11% July 10
-5
'
Willys-Overland
6%
Motors
preferred
6
1
(called)
Jun
'
10%
11%
95%
11%
95%
13%
13%
:
13%
:
33%
*123
—
Ya;'"
-
~
23 VA
42
41%
42
413/4
-
1
33%
v
32 Vz
32 7/8
*95
68 %
*67%
*95
78%
70
,33
32%
71
6 81%
80
67%
__
70
70
81
'
69
*68
•
V
72
•
33 %
72
"
81%
33%
;
72 Ya
*80 ''i
•
72
73
73s;
'
81%
Y •'-Y 80
'
'
68%
68%
69
69
35V4
35%
35%
35 Y«:
14
14%
80
Y
L
50
1,900
.
■
i
mo
i
70 /; •;
35.
13%
*
42
:
42%
1' 41%
104 >
104-
w
104 V•
14%.
20
13%
17 Y» /
14
-14%
20% -20%
.
41%
42%
1104
17%
17%
"
20%
14
19% 719%
35
34%
34'/2
v
742%
41%" 7 42%
42
42%
-
104 7
-13%
17%
■
7;
17%
-17;
[/.
i
r?
17%
17
tri 3,600
-
3
par
i
i
10,300
|
310
;,:f 4.200
Sep
86%
Oct
11%
Apr
Jan
121
Dec
6
17%
Jan
24% July
42% July 12
30%
Jan
42Va July
16%
Jan
24
-
July
"
(Del)—No
Jr
4
33% July 10
25%
105
Jan
27
104
-
Dec
12
100
Jun
23
100%
Oct
134
100
*47% Jan
5
,73
100
"49/
5
Oct
149
Jan
94
100
Jan
69% Jun
par
"58
Sep
Sep
54
Jun
Jan
57
% Jun
87% Mar 14
78% Dec
108
Apr
12
68% Jan
44% Jan
July 14
46
73% July 34
8
70
Apr 26
Jan
70% Sep
'■
■
Yale is Towne Mfg.
/•York Corp
3,100
33,700
.
Apr~27
36% Jan
10
"20% Jan
V \.7
«)
36
■'AV/2 V'4P/»
r-v
104^-4.^' 1164 "'-104%
104%'
17
13%
-
:^'".20%^20%
20,/2 "' 20%
17%- -17%
17%
13% 7 14
720% ..'20%
104
104'
«
36 7,
19%
10
101% May 26
(Wm)
9 Ye
Jan
Jan
57%
July 10
100
,-i
100
Wrlgley
I
*34 Ya
pfd
(F W) Co
par
800
4% Jan
14% July 14
.
\ 1,100
"
73%
.
69%
36 7
i
i
100
96
5
Worthington P & M (Del)
No
1% preferred A—
6% preferred B
>•
Prior- pfd 4%% series—
Prior pftf 4%% Conv series
Wright -AeronautlcaL..;—w-Ne
I 5,600
■■
100 '<
4
10% Jan
9
115
80'/Wan
10
-
Woodward Iron Co—
Woolworth
: 13,400
8
No par
i
Co
Wisconsin El Pow 6%
700
i
No par
—
preferred
Wilson-Jones
'
■-
•■
42
33%
72
72
72
■
.23%
*101
'
*95
'72 iv;
*80
81
41%
*101
-
■
5,100
•' *
23%
417/e
68 Ya
68 Y2
.
71
71
'
*I_"
*95
■
70
70
78%
67%
*95 Vz
•'•'
"69
.
-
70
69
'
*101
•
*101Y2-
'
1,900
v
*121 Ya
41 Ye
42%
*101
^
-.v.:
$6
i
14%
13 Ye
•23 Ya
*23
23%
Wilson & Co Inc
95
*93Ya
32%
23 V*
!
•100
•1;:'
*121 Ya
•
—
23 Ye
33
42
32%
133/e
13%-
*129
23%
41%
23%
41%
'
23%
"
23%
/.
'
.
*123
•123
i
96
13 Ve
-
^
11%
96
-
•
Co
27% Mar
23r
1-7
9% Apr
14% Jan
Young Spring & Wire
No par
Youngstown Sheet & Tube—No par
5%% preferred series A
——100
Youngstown Steel Door
No par
96
♦
"Jah
Jan
13
July 13
14% July 10
6
.
21%
Jan
31% Sep
"7%
Jan
42% July
3 f
33% Apr 24
.
36
20% July 14
6
25
5
30
Jan
IT% July
41% July
73
82
Jan
98
104% July
3f f:
17%- Jun
9% Jan
28
Nov
16% Jun
77;;?. V
■
/•'?
'
'
:
!.'■
■■
VI 7,
43
43
42
6Ya
;
,5%
6%'
and asked prices; no sales on
i;
43%
43%' '44%
44%
•
6% *.
6 Ve
<
43%
44% '77
5%
5%
•
*
7.700
Zenith Radio Corp.
i
4,200
Zonite Products Corp
r Cash sale,
a Deferred delivery,^ n New Stock,
tin receivership,
this day.
6
'H
44
43%
44%
5%
57/e 7 6
6
g Special sales,
Stocks,
> Railroad
Number 0/
end Miscel.
Week Ended
Saturday
Monday—
-
-
.;
Tuesday
Wednesday
-
—
Thursday
».
-
Friday
4
1,836,890
1,347,587
1,416,620
1,376,900
1,087,610
7,920,967
Total
Government
Foreign
Bond
$52,846,900
$2,280,000
/
Bonds
.
>
•6% July
x-Ex-dtddeado,
$4,698,700
11,000
•
8,593,700
21,000
12,043,800
$86,000
Government
$55,212,900
Jan. 1 to
$16,000
$6,000
572,000
23,000
5,000
2,000
465,410
697,000
4,000
427,665
669,000
142,000
Total
62,000
f 1~000
123,000
2,000
733,000
2,519,510
—
494,000
608,000
-$3,307,000
$370,000-
$16,000
$3,693,000
$86,000
$110,000
2,449,400
$3,738,100
63,715,500
52,846,900
58,284,600
1,628,213,200
$1,850,100
71,058,100
2,067,912,400
s
-
557,000
Jan. 1 to July 14
1944
1943
184,535,710
2,280,000
industrial—
&
1943
1944
146,899,132
600,000
703,000
811,000
440,960
1943
6,869,148
Total
$289,000*
.392,510
Thursday
Friday
July 14
1944
Foreign
Corporate
$267,000
Wednesday
9,775,500
19,000
Foreign
Domestic
Tuesday-;
2,519,510
of shares
:
2,081,610
36,991,920
47,676,957
Bonds
Bonds
Railroad
37% July
4% May
Exchange
524,670
Monday
10,517,400
22,000
1943
'7,920,967
Government-;
S.
Jan
268,295
Saturday
9,583.800
5,000
of
Shares)
;•/;./ Week Ended July 14,1944
Stocks—No.
U.
„
y Ex-rights.
Week Ended July 14
shares
2
5
Bonds (Par Value)
(Number
Sales
$8,000
Week Ended July 14
1944
Stocks—No. of
19% Jan
44% July 12
Daily, Weekly and Yearly
Total
Bonds .
$330,000
377,000
358,000
320,000
372,000
523,000
V 855,360
-
19
Stocks
United States
'.
Bonds
$4,360,700
8,205,700
9,204,800
10,192,400
9,381,500
11,501,800
Shares
July 14,1944
■
3
3% Jan
wd When distributed.
;
Daily, Weekly and Yearly
V•
33% Jan
.No par
_t
4,.
,
Transactions at the Hew York Curb
transactions at the Hew York Stock Exchange
■
„
——
Domestic
i
16,000
$5,332,000 $103,193,000 $128,838,000
207,000
6,361,000
8,807,000
22,000
591,000
750,000
$3,693,000
$5,561,000 $110,145,000 $138,395,000
$3,307,000
370,000
Foreign government
Foreign corporate
.
Total
Total
$60,844,000 $1,695,666,800 $2,140,820,600
$55,212,900
Stock and Bond Averages
Below
are
the daily closing averages of representative stocks
and bonds
•
*
"
Stocks
10
39
20
IndusDate-
July
8
July
10
July
11
July
12
July
13
July 14
—
—
_
—
__
_
—
-
Rail¬
trlalf
IB
Utlll-
road#
tles
"150.03
42.48
24.43
150.50
42.51
•
>
—Bonds—
10
Total
10
First
Second
10
65
Indus¬
Grade
Grade
Utili¬
Ralls
ties
Bonds
81.83
110.91
102.37
110.86
102.29
Stock!
trial!'
Rail!
53.72
107.39
109.34
Total
40
24.38
53.83
109.41
81.86
150.18
42.27
24.25
53.65
107.41
109.27
81.82
110.86
102.34
150.42
42.53
24.20
53.77
107.46
109.20
81.82
110.84
102.33
150.08
42.41
24.15
53.65
107.41
109.27
81.70
110.89
102.32
150.34
42.43
24.15
53.71
107.38
109.26
81.71
110.92
102.32
107.42
THE
Z44
Bond Record «» New
FRIDAY
PrirM
Knnnv
wSk a^d
the
Sutslde
The italic letters
YEARLY
-
of the regular weekly range are
in the column headed "Interest Period"
/
BONDS
Last
Interest
Exchange
S.
1947-1952
1944-1954
:—1946-1956
1946-1949
1949-1952
1946-1948
1951-1953
1955-1960
1945-1947
j_.1948-1951
1951-1954
1956-1959
1958-1963
1960-1963
1949
1948
1949-1953
1950-1952
1952-1954
1956-1958
1962-1957
1963-1968
June 1964-1969
Dec. 1964-1969
__1965-1970
1967-1972
4s
3%s—
Treaiury 3Vis
Treasury 3 Vb8
Treasury
3s
3s
Treasury
Treasury
2% 6
2%s
2%s
2%s
2%s
2%s
2%s
2'As
2Vis
2%8
2Vis
2Vis
2 Vis
2 Vis
2Vis
2 Vis
2 Vis
2Vis
2 Vis
2 Vis
2 Vis
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
1951-1953
1952-1953
1954-1950
1956-1959
1947
1948-1950
1948-1950
1949-1951
1949-1951
2 Vis
Tre ~ury
2 Vis
Treasury
Treasury 2s
Mar
Dec
Jun
Sep
Dec 1949-1951
March 1950-1952
Sept 1950-1952
Treasury 2s
Treasury
2s
Treasury
2s__
2s
Treasury
2s
Treasury
Treasury 2s
2s
Treasury
Treasury 2s
1951-1953
2s
1951-1955
—1952-54
1953-1953
June 15 1948
Treasury
Treasury
2s _—:
Treasury
2s
York
New
J-D
•
"8
'
104.28
*104.23 104.25
,
106.9
105.18
*110.15
M-S
110.16
104.20
111.8
111.4 ,111.11
112.9
111,20 112.9
102.19
102.20
'
112.9
M-S
M-S
M-S
*106.17'106.19 '
J-D
*109.16
109.18
109.3
U-S
:,r
*102.17
*111.28
111.30
111.9
106.24 106.24
*111.76 111.28
3-D
*112.5
112.7
111.7
112.6 •».
3-D
*102.23
102.25
102.28
103.9
M-S
*106.15
106.17
J-D
*107.5
107.7
*107.19
107.21
J-D
>
_
„
M-S
*103.26
*103.15
100.11
J-D
103.31
100.11
103.22
100.6
1
100
15
100
J-D
*100.1
100.2
100
100.6
100.1
.
100.5
100
*100.12
100.14
100.9
3-D
106.27
106.9
J-3
*102.1
102.3
J-D
*107.11
107.13
107~9
M-S
*100.11
100.13
100.2
100.11
J-D
*104.3
104.5
*101.27
101.31
*104.25
104.27
M-S
;•
—
J-D
J-3
*101.15
M-S
;
101.11
100.31
*100.16
M-S
;
W"\" *100.16 100.18
J-D
100.11
100.11
100.10
*105.16
3-D
1980
3-D
*100.26
>
100.28
100.28
105%
104%
106 %
55
100%
108 Vi
•2
104%
112 %
139%
150%
J-D
107% 108%
J-J
110
1945
J-D
•*152%'
(Rep of) 8s ser A-1951
A-O
•*72%
A-O
*72%
5%s
Government—
paid
1964
part
paid
(Republic)
Haiti
f 6s series A—1952
extl s f 5s
J.S60
s
Ui
(Prov) 4s readjusted
Irrigation—
stamped assented—
Assented
5,
Nov.
to
agree
1954
AAssented
5,
to
1942,
agree
5,
Nov.
to
AAssenting 4s of
1942,
agree
1945
1910
Nov.
gATreasury 6s of 1913 assent—1933
AAssented to Nov. 5, 1942, agree
Teletype
AMontevldeo
A6s
;
1-1693
series
New South
Municipal
sink fund 6s
1947
P-l
*57Vi
53
sink fund 6s
1948
A-0
*57'/2
50%
59%
1968
M-S
*65%
1945
External
AExternal
s
s
f 7s series D
f 7s
1st
series
25
1
17
24%
1
17
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24%
24%
17
25
J-J
24%
24%
3
17
25%
A-0
23%
23%
2
16%
23%
A-0
*22%
16%
23%
AExternal
s
sec
s
f 7s 2d series
AExternal
sec
s
f 7s 3rd series__1957
(City) external 5s
1958
Argentine (National Government)—
S f external 4Vis
1948
S t ccnv loan 4 Vis
1971
8 f exti conv loan 4s Feb
1972
S t extl conv loan 4s Apr
1972
Australia (Commonw'lth) 5s of *25-1955
External 5s of 1927
-1957
External g 4Vis of 1928
1950
AAntwerp
,
A-0
23%
23%
10
16%
77
80
12
56%
100
100
100%
M-N
98
98
98%
F- A
90%
90%
92
91
91
92%
A-O
J-J
100
100
1949
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a 6s
s
88
A Nat
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28
47%
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64 Vi
J-D
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100
92
98
98
92
1901
M-S
1977
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1976
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72
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72 Vi
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97
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1
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11%
.
28
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7
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11
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6
32
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9%
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'
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i;-
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98%' 98%
1984
61%
61%
1
50.
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16
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1
93
*
1951
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:
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1967
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9
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102
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15
1948
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*102 % 102%
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15
1953
J-J
103% 103%
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15
1958
J-J
103% 103%
3s
3s
102
1968
_Jan
30-year
_
ACarlsbad
A Chile
A 7s
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40%
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17
31%
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22
>
21%
23%
93
16%
25
19%
19%
20%
169
16 Va
24%
A-O
19%
19%
20%
101
.1940
A-O
*27 %
.1958
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gold 6s
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.1947
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■
A-O
.1963
.1961
—
W
*31%
'
23%
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.1960
•
23%
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J-3
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(City of) 8s
Prague
7%s.
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sec
.'".i
.
12
3
36
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I
44%
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34
14
8
4
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50
39
39%
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>
y
;
59
26
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18
-
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37%
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24
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41
42%
23
34
42%
41%
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3
34
42%
81%
93%
*92
93
,
'
18
M-N
18%
18
18%
30
16%
A-O
19%
19%
19%
1
18%
19%
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18%
18
18%
100
16%
1961
F-A
Feb
1961
F-A
'
! 18
18%
19
Jan
1961
J-3
Jan
1961
J-3
Sep
assented
1981
M-S
1982
A-0
sinking fund 6s
Vi
20
20
2
248.
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16%
.r-ABI. mabbs 4 r.o- »g.
FOREIGN SECURITIES SPECIALISTS
19%
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20
18
18%.
73
16%
17%
19%
18%
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18%
21
16%
19
17%
.19
II"
*18%
18%
A-O
1932
17%
—
M-S
Sep 1981
assented
page
MARKETS
19%
__Feb
FIRM TRADING
19
1960
assented
see
SECURITIES
19%
i960
sinking fund 6s
Institutions
37
22
sinking fund 6s
footnotes
105%
48%
*17
AExtl sinking fund 6s
A 6s
assented—
A 6s
101%
*36
M-N
assented
AExternal
5
J-J
16%
19
19%
.
50 Broad St., New York
•*
Telephone HAnover 2-0050
.
50%
35
46%
38%
104%
1942
f 7s
43%
103
30
•
*
•
,
:
26%
44
43%
39%.
J-D
.1964
26
30%
6
43
44
A-O
.1967
12%
14
24%
«
—.
F-A
.1968
~2
I
102
43
A-O
.1968
60
24%
M-N
.1946
32
"
1
23%
26%
28
'
24%
11%
■
23%
43%
F-A
_1946
17
i
■
■
*30
24%
.1947
-1953
6%8.
V
.1952
FOREIGN
103%
103%
97
104%
103%
~3
1954
s
Attv external s f 6s
AS*
101%
102%
10
1943
External
assented
AExternal
101% 102%
94%
—
*104%
M-S
For Financial
104%
98
99%
—
98
106%
3 Vis
30-year 3s
25-year
98%
98
A-0
110%
(Dom of) 30-yr 4s
100
.
8
^
v
*'
62
Canada
__1970
41%
>:•, 103
89;f
88 Vi
_3% external if $ bonds
J-J
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•
*18%
86 Vi
M-N
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177/a
•."•'•'I'
87%
A-O
1973
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19%
16
75%
95%
'
•
86%
87%
*99%
21%
3
9
:v
f
95
95
16%
.15
.
18
;
M-S
Sul (State of)—
A8s extl loan of 1921
A 6s external sink fund gold
A7s external loan of 1926
A7s
municipal loan
Santa Fe external sink fund 4s—
(Province of)—
a
100
28
J-J
AExtl
98
i
:■
~Q-J
Rio Grande do
96%
F-A
63%
104%
J-D
Queensland (State) extl 6s
ARlo de Janeiro (City of) 8s—
62%
61%
101%
19
18
•
;
3-D
.1947
(State of) 7s
AExternal loan 7%s.
63
<1
38
k
.1959
external 7s
1st ser— .1960
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APorto Alegre
64%
•
95
M-N
.1968
A
97
30
100
19
,
18
A-O
A4Vis assented
sink fund gold 8s— .1950
102
50
62%
"I
,*98
19
•
I
AExternal
102%
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60%
97%
V
84
„
mmm
1967
AStabillzation loan s f 7s
101
100%
51
60%
A-0
90
85
1
97
V. 38
,38
*105%''
__
—
1994
A4Vis assented
,
98
33
61%
92
86%
—
97
J-D
(Rep of)
lAPoland
93
101
—
82%
92
-97%' 97%
97
J-J
ANat loan extl s f 6s
100
1958
1950
stamped
External
APernambuco
100%
.
1952
1957
(City) s f 5s
Sinking fund gold 5s
Sinking fund gold 6s
Buenos Aires
82%
63%
62%
J-D
1957
Brisbane
Ext sec
99%
100%
102
*102%
1941
1957
(Central Ry)
4Vis
mod 3 Vis ext to
ref 3 Vis series B
Stamp
93
92
105
102
J-J
f 6Vis of 1927
92
„/ 92
67%
A-O
A Panama
101%
82%
20
10
98
*102.
M-S
1955
1953
s
30
98%
107
-
89%
34
—-
'
A-O
,_1950
1965
1963
fund 4%s
sink fund
A4
f 7s
A 7s
,
96
M-N
f 0s
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19
219
99% 100
8
(U S of) external 8s
AExternal s f 6Vis of 1926
88
99% 100%
M-S
s
lABrazil
1944
6s
sink fund extl loan
APeru
External
external 6Vis
M-S
Oslo
80
M-N
71%
i
5s_.
23%
J-D
External
Belgium
24
10
v
Municipal Bank extl s f 5s
1970
(City) sink fund 4%s
1955
(Rep) extl s f 5s ser A_1963
A Stamped assented 5s
1963
25%
1
AExternal
f
s
sink
4s
25%
24%
1957
f 7s series C
AExternal
25
J.J
1945
1957
f 7s series B
s
J-J
1945
1945
(Dept) coll 7s A
AAntioquia
A
4s
89%
,
A-0
1957
1958
External
55
AGtd
(King of Norway)
69
(State)—
f 5s
External
AGtd
Akershus
A
Wales
s
external
Norway
(Colombia)—
Agricultural Mtge Bank
6%s_
(City) 7s
ASec external s f
External
&
1958
1959
—1952
1959
external s f 6%s
A Sec
External
Govt.
68%
89%
22
*95%
;
A-O
(State;—
Mlnas Geraes
Wertheim & Co.
71
59 %
'
'
A-O
1945
1945
1942,
5,
Nov.
to
AAssented
Foreign Securities
Foreign
It.
82%
*96 Vb
agree
AAssenting 4s of 1904
'NY
-
81%
M-8
3-D
1943
1942,
(US) extl 5s Of 1899 £
AMexico
AAssented
New1 York
59%
__
•/;
A-O
1**57
AAssenting 5s of 1899
Broadway,
__
„■
89%
87
1954
1954
AJugoslavia (State Mtge Bk) 7s
(Colombia) 6%s
AMedellin
A
120
F-A
1968
A4%b
2-2300
110
85
89%
—
.
part
Mexican
REctor
J-J
*.
'
100.28
33
21
103%
■
Telephone
35
32
1953
Mcndoza
Members New York Stock Exchange
33
*106%
A 7s
108% 112'%
106
72
1977
Irish Free State
111% 112%
112 Vi
76
72
debt
101.12
City
Unification Issue—
Corporate Stock
59%
57 Vi
*106% 108
'
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1
2
<
external
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lo'l.i"
II
76
72
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.
r100.16 100.19
8
100.10 100.11
101.11
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40
76
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'
105.18
*101.9
J-D
•;
*39
•
-
1949
ASinking fund 8s series B
10L19
101.9
40
41Vi
36
F-A
wks
51%
34
1951
7s
IA Denmark 20-year extl 6s
100.21 100.31
100.5
100.17
1
100.18
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:
101.6
__
100.31
100.31
40
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69
34
1
*39
J-D
68
39%
75
.
1949
APublic
101.26
10L8~
■I!
101.16
*101.9
3-D
57%
51%
4 Vis
A Czechoslovakia
101.19
*101.17
17%
22
57%
?.
—
loan
4%s
104.8
101.26
*101.20 101.22
...
M-S
M-S
104.8
of)
(Rep
Rica
(Republic of) 5s of 1914
Sinking fund 5Vis
101.31 101.31
__
16%
14%
16
27
■
...
40
51%
1952
1942
External gold 5Vis
1955
External gold 4Vis
1962
f ADominican Rep Cust Ad 5%s
1942
§Alst series 5%s of 1926
1940
§A2d series sink fund 5%s
—1940
Customs Admin 5%s 2d series
1961
5Vis 1st series
1969
5Vis 2d series
1969
AEstonla (Republic of) 7s
1967
French Republic 7s stamped
*
1949
7s unstamped
1949
ioTu
18
3
49 Vi
M-N
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106.9
42
18 %
18%
15%
22
68 Vi
A-O
A Costa
100.18
*106.25
100.4
16%
15%,
17 %
*68%.
1940
1952
1953
18
21
r*
1947
1947
.
10
X
-
J-J
Mtge Bank 6%s
Cuba
100.7
M-S
M-S
22
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100.5
18%
18%
16
17%
:
16 %
A-O
Jan 1961
Copenhagen (City) 5s
25-year gold 4%s_.
100.6
100.2
-**6
16%
15%
J-D
1970
AColombla
100.11 100.17
100.6
J-D
Oct
1928
Aes of 1927
3s external s f $ bonds
104
103.17
1
18%
17
22
M-S
1901
18%
•
16
24
17%
*m%
ASinking fund 7s of 1926
100
100.6
3-D
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17
16%
:
16%
>
23
<"18%
-
(Republic of)—
of
A0s
5s
*
103.17
«
Colombia
106.24
103.28
A M-S
17
1960
(Hukuang Ry)
.
M-S
-*16%
16%
I960
AChinese
106.24
106.16 106.18
17
M-N
18
18%
J-D
1901
assented
A 7s
111.11
111.10 111.10
17
M-N
1962
Cons Munlc 7s
A Chilean
109.12
A-O
1962
fund 6s
assented
A 6s
A-O
19
*16%
1961
AGuaranteed sink
J-D
1961
.A6s assented
103.11
16%
19
16 Vi
.*16%
J-D
1961
1961
sink fund 0s
A Guaranteed
J-D
1957
ASinking fund 6%s
A6%s assented
110.19
104.20
112.9
_
104.18
*111.6
•
J-D
110.17
*104.16
3-D
17%
M-N
1957
assented
A6 Vis
High
Low
M-N
1963
AChile Mortgage Bank 6%s
January 1
Sold
No.
High.
1963
sinking fund 6s
Range Since
Bonds
Sale Price Bid & Asked
Low
assented
A6s
102.29
105.23
105.9
*105.7
J-D
101.17
Last
Interest
(Continued)—
(Rep)
^External
110.30 111.23
101.17 101.17
__
M-S
_1945-1947
series M_^.
Transit
3%
110.29
1
,
A 6s
Treasury l%s
Home Owners' Loan Corp—
1 Vis
"110.27
l-O
High
Low
NO.
High
,
Period
Chile
Week's Range
or Friday's
Friday
Exchange
January 1
Bold
Asked
Stock
York
New
Range Since
Bonds
Friday's
Low
Government
Treasury 4 %s
Treasury
or
Sale Price Bid &
Period
U.
Week's Range
Friday
BONDS
New York Stock
of
defaulted bonds. Cash and deferred delivery sales are disregarded In the week's range, unless they are the only transaction*
shown In a footnote In the week in which they occur. No account Is taken of such sales In computing the range for the year.
Indicate In each case the month when the *mds mature.
. ;
RANGE FOR WEEK ENDING JULY 14
Income and
interest"—except for
"and
are
when
1944
York Stock Exchange
WEEKLY
-
Monday, July 17
CHRONICLE
COMMERCIAL & FINANCIAL
4, N. Y.
v
Teletype N. Y. 1-971
.
:'.j
YORK BOND RECORD
NEW
EANGE
"
Last
Interest
Stock Exchange
or
Low
Brazil) 8s— .1952
„1957
A6%s extl secured s f
—1930
|ASan Paulo (State) 8s
Paulo (City of
A Sao
external
A 7s
extl water loan—
A 6s
extl dollar loan
.1968
3
II
■
;
16%
J-D
16
40
56%
16
11%
17%
11
25
-1964
v
?
1937)—
i
*44
•
v
f'"
M-N
10
21%
91
*
91V;
■
'11:
74 */4
J-D
•
—
76
*74y8
F-A
■J-J
/•' V*
'
'
(City; external 7s
assented
1958
'
F-a
F-A
..
'•>
:.•••.>;
18%
';>> 19%
22
45
19%
62
•:
10
•
10 h-~-
n
.
22
1957
{.Guaranteed gold 5s
v; Guaranteed gold 5s
Guaranteed gold 4%s_.„..
79
59
»
18%
22
Canadian National gold 4%g
73%
66 %
*"•
■■
-1958
A Warsaw
2
*65%
■
Interest
Exchange
Oct
1969
j-j
19%
1953
Adams Express coll tr gold 4s—;—1948
Coll trust 4s of 1907
1947
10-year deb 4'/4s stamped
—1946
Alabama Great Southern 3 Vis
1967
Alabama Power 1st mtge 3 Vis
1972
Albany Perfor Wrap Pap 6s—
1948
6s with warrants assented
1948
Albany & Susquehanna RR 3 Vis—1946
"■:»3Vis registered..
—
>194«
Allegheny Corp 3%s sec conv
1954
Alleghany & West 1st gtd 4s—_—,1998
Allied Stores Corp 4%s debs
1951
<
J-D
Guaranteed
gold
4yas__
1951
F-a
1
111%
114%
Northern Ry deb 6%s_—1946
j-d
109 %
109% 109%
15
109%
111%
f-a
95%
48
84%
M-s
105%
95%
104% 105%
18
100%
a-o
7s
Atchison Topeka
—1995
>
„
w.
:
A-O
A-O
-
I
...
.j.
fr.
93
M-N
v
103% 104%
f
i:
'r
109%
>
109%
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•30v
104 Vi
—
C
Q-J
;
— "
,
90%
69
90
-
m-a
105%
't
J-J
a-o
•y.'
11
-106%
106
Ztf-r
K
7 ;
33*
y
48s'
:n4y*ii4%.
ii4%
Illinois
Light 3%s......„i960
registered..
A General
4s
>
N
4s
Y
:
•..76%
Certain-teed
90%
Prod
Potts Creek Br 1st 4s
;
R & A
'
Div
1st
106%
111%
2d consol
-
109%
110%
lll'/i.
111
106 V2.
110%
113
104%
3Vis
-July 1948
103
4 6'/a
Stamped modified bonds—
1st mtge gold
(int at 4% to
Oct 1 1946) due
July 1948
Ref ft gen ser A (lnt at 1% to
Dec 1 1946) due..
1995
37
37
38Vi>
12
33%
to
ser C
.
* :
6
104%
due
1995
D (int at 1% to
due
—2000
F (int at 1% to
due
1990
Dec 1 1946)
t
Ref & gen ser
1946)
Sep 1
Ref & gen ser
Sep 1 1946)
AConv due
'
<
Toledo Cin Div
ref 4s A
.
479
41%
218
46%
4s
mtge
Inc
203
41
&
;
Louisville
128 Va,
101
'
102
128
———1952
——1955
105'/a
2
101%
9
104%
106%
100% 101%
4
92%
101 %
101"
99
40
149
>11
52 Va
1960
90%
64%
17%
64
85%
64
81%
83
86%
212
65%
86%
85%
85%
10
65%
84
86%
59
65%
86%
52
67%
89
gold 3'/2s
registered
M-N
M-N
M-N
ft
ref
gold 5s
ft
ref
4%s stpd
ft
Gold
94%
103%
F-A
111
111
111 Va
29
112%
110
112%
109
109%
1st
44%
63%
ft
deb 5s_
51
27
5
21%
28
25
89%
98
12
69
3
86
93
'■*
Cin Union Term
1st
114
50
68%.
64%
67%
49%
67%
64%
67%"
17%
—
67
;
-
>:•;
mtge 3 %S
1st gtd 3Vis D
1st mtge gtd 3%s series E
General
California-Oregon Power 4s
Canada Southern cons gtd 5s A
Fnr
footnotes
see
page
248.
.1968
1966
1962
A-O
-A-O
A-O
104
104
108
9
101%
104
i
Ref & impt 4Vis series
11
107 Vi
109%"
r
108
108
108%
108
-
Cin Wab ft M Div 1st 46
*
108%
26
95%
108%
f
St L Div
1.1.
-
49%
786
49 y4
M-N
67'A
11%
63%
73%
44%
83%
107%
101%
71
M-S
31
18%
105
77%
64
81
75
186
: 61% .: 75%
44'
45 %
594
'36%
48%
49%
202
39 %
; ,774%
68
:
75
46%
51%
9%
229
8%
J-D
98
98%
11
90%
J-D
•81
85%
9%
9%
83
77%
83
91%
J-D
J-D
m-s
91%
76%
78
76
0
109
j-j
m-S
107%
a-o
77%
77%
a-o
f-a
j-d
109%
64%
85
2
72%
92
59%
78%
5
59
25
109
110%
102%
106%
104
108%
104%
107%
2
77%
78%
12
55
82
77%.
78%
22
53 :
82%
59 Vi
72
72
108% 109%
110
111%
106% 111
109% 109%
111%
•106% 107%
f-a
•110%
j-d
98
112% 112%
J-J
"-76
j-j
72
M-N
99
17
75 Va
69%
92
76%
,72
92%
88%
99%
99% 104
*104% 110
j-d
77
7
a;-n
.
"9
32
41
•109
,
H5
108%
•69
m-n
1967
1971
1969
76
109%
100
107% 107%
108
j-j
..1966
109
11%
84
106% 106%
j-j
1952
^.1977
1991
1st coll tr gold 4s_1990
E_.
104
•
Power 3 Vis
"
583
72
A-O
1993
170
2.711
77%
74%
1993
gold 4s.
General 5s series B
149
>'
89%
67%
18%
; .74
J-J
-1943
___1957
Ss..;
67%
"
103% 104%
77
F-A
1963
1963 ';
1952
—.1962 ^
Cincinnati Gas ft Elec 3%s
'
85%
88%
68%
104%
J-J
A
85%
}
-
:
fAChoctaw Ok ft Gulf cons
29
21
65%
17%
J-J
.1951
ret 4%s series D
§ A Debenture 5s
27%
r
J-D
guaranteed 5s___2_Dec 11960
of deposit
t§AChilds Co
81
67
J-D
1st 5s___1960
Chicago Union Station—
.
1st mtge 3%s series E
'
1st mtge 3yas series F
Chic ft West Indiana com, 4s
107
143
107%
J-D
A Certificates
102%
87
102% 107%
67%
M-N
..1951
3%s
Income
89
89%
1952
> Memphis Div 1st gold 4s
Chic T H ft Southeastern
85
*87%
1960
1951
4V2s series A
85%
85%
_
89%
...
;
;
...•'
'
1934
deposit
gold 4Vis
1
Chicago St L & New Orleans 5s
104 Va
15
180
of
A Certificates
110
27
63%
4Vis C
r-.f fARefunding gold 4s
99%
108 %
103% 104%
J-D
ref
58%
101% 102
86%
M-N
41%
108
•ii2y2 113
M-N
1987
1936
May 1 2037
May 1 2037
May 1 2037
f
Elec
,,
.
86%
M-N
1987
>
'
85 %
M-N
1987
1987
4%s stpd Fed inc tax
6%s
;
Cleve Cin Chic ft 8t Louis Ry—
California
72
M-N
1987
registered
jASecured
,
15%
M-N
1987
1987
4s
AConv
104%
98
89%
77%
50
63%
83%
101%
'
76%
85%
94
;
M-N
88%
89%
150
81%
i: 52%
J-D
83
82%
70%
11%
1987
105
.
97%
86
69 y8
221
1.621
'
85%
74%
50
89%
16
tChicago Rock Island ft Pacific Ry—AGeneral 4s
__._1988
103:.
10
110
•1033*2 104;
A-O
163
81%
88%
88%
"
AConv 4%s series A
1949
1st & gen mtge 4s ser A w 1
1989
2nd mtge conv income 4'/2s w L.1999
t8AChicago Railways 1st 5s stpd
25% part paid
.1927
•100%
J-J
85%
81 %'
100
15%
A 1st
104
106%
•99%
A-O
85%
85%
J-J
:
107
10
106
27
14
A-O
A 1st
106 Va
65
26%
14%
13%
98%
5s__.._Jan 1 2000
adjustment
AGen 5s stpd Fed inc tax
'
101%
106
•105
;
14%
13
,
II
45%
AGen
101
104
27
87
10 Va
1.603
AConv
129%
ioo %
103
27%
10%
•
62
AStpd 4s n p Fed inc tax
100
61
a-o
45
98%
-
j-j
^Chicago ft North Western Ry—
76
104%
61
12%
60%
AGeneral
106 V* 107
61%
13
71%
61%
84%
4
93%
m-n
j-j
71%
V 12
F-A
AMtge gold 58 series A—
A General
8
,
•101'/a 101%
M-N
12
..1973
A
A 1st
98%
1
102
M-N
"m-n
90%
44%
;
73%
7
88%
110
J-J
1966
&
tChic Milw St Paul ft Pac RR—
r
gtd
1947
76%
89
88%
110
KJ-
88%
5 A Secured
M-N
J-J
B___1947
series
A4%s stamped
F-A
74
79%
89%
85
F-A
78%
45
,
89
90
59%
52 Va
83%
47%
80
90
56%
92%
65%
50
61%
J-J
74
61
47
60%
,85 %
61%
J-J
15
93
88%
May 11989
49
M-N
128%
76%
May 11989
80
J-J
63%
125%
F
84
101 'A
48%
2
22
-
series
88%
A-O
■
85%
series E
82%
M-N
150
56
128
85
4%s
83%
M-S
55
128
55
4%s
J-J
106%
j-j
AGen
.
1950
1959
F-A
:
AGen
v
48
105
106%
92% 108
J-J
57
'
84%
,
J-J
114
105
; m-s
109
May 11989
series
75%
A-O
10632
105%
98
4s
72
101
103
103
gold 3V28 series B__May 11989
4%s series C
...May 11989
Gen
72 y8
128
22
100% 106%
A
.
J-J
J-D
27
32
A Gen
:
3Vis
A-O
106 A
106 IB
Ry—
5s series A
gen
1951
gold 5s
1950
1st lien & ref 5s series B
1957
Buffalo Gen Elec 4Vis B—
1981
Buffalo Niag Elec 3 Vis series C—1967
Buffalo Rochester & Pgh Ry—
Stamped
modified (interest at
3%. to May X, 1947) due..—.1957
JBurlington Cedar Rap ft Nor—
5 A 1st & coll 5s
1934
A Certificates of deposit
—
Bush Term Bldgs 5s
&
64
Debenture
Bush Terminal 1st 4s—
Consolidated 5s
1st
31%
series H
Boston & Maine 1st 5s A C
,.1967
1st M 5s series II
1955
1st gold 4%s series JJ
^1961
1st mtge 4s series RR——-.—I960
Alnc mtge 4Vis ser A
July 1970
t A Boston & N Y Air L 1st 4s
1955
Bklyn Edison cons M 3 Vis
1966
Bklyn Union El 1st gold 5s
1950
Bklyn Union Gas 1st cons gold 5S.1945
1st lien & ref 6s series A
.—1947
Consol mtge 3 Vis
gold 5s
135
102
106 372
30%
102
,66
A Gen
59 Va
A-O
106 i's
106
1997
(conv;
6s ser A
491
88 Va
21%
453
106
j-j
59
41%
28%
106 •'
j-j
■
__
27%
V
28
-
^..1949
^..1949
A
mtge 4%s
Ind
84%
J-J
121%.
1947
inc
44%
F-A
125%
120
•121%
60
84
1952
103%.
121%
.125
>125
36
42%
1959
1960
1965
109
103%
•103% 104%
108% 108%
84%
'
109%
106Vi
j-j
;
A-O
106%
29
107% 108
43
1956
debentures
Beth Steel 3Vis conv debs
Consol mtge 3%s series F
Consol mtge 3s series G
2%s
132%
22
■106% 106%
m-n
Extension 1st 3%s
1951
of Pa 5s series C—1960
Beneficial Indus Loan 2 Vis
1950
138%
19
108% 109
106%
F-A
Bell Telephone
97
85
102
-
108% 109%
108%
59'/a
Beech Creek
100
107%
57%
1951
stamped
102
6
108%
72%
tChicago Milwaukee ft St Paul—
*
64%
59
57
J-J
1
_..__1949
series
58
ref 4s
74
85
•
109%
2038
.
Con
96%
96
102
m-n
59%
64%
62%
J-J "
11
91
f-a
5s
m-S
Aroostook RR—
Bangor ft
105%
85
a-o
^^___.._1958
177
Feb 11960
Pgh L E ft W Va System—
Ref gold 4s extended to
S'west Div 1st M (int at 3Vi%
to Jan 1 1947) due
100
35%
89%
107% 107%
J-J
94%
73 Va
59%
57%
57%
109%
109
1988
;
m-s
30%
106%
36
104% 105
J-J
1st ft gen 6s series B
May 1966
Chicago Ind ft Sou 50-year 4n.._
1956
81
92'/a
90%
63
26%
'
'26%
4
•;
89%
J-J
:
A
#*&>•
VA•":
..*■
••
J-D
35
-
.; f-a
A Gen
70% J 92
78
91%
89 Va
58%;
72
28%
26%
106% 107
138% 138%
Chicago Gt West 1st 4s series A
105%
,
''.fat)
J-D
37%
1977
A
(int at lVa%
28%
138%
Chicago ft Erie 1st gold 5s________1982
39 y2
•
3
Ref ft gen
124
J-J
..
1989
ARefunding 4s series C
91
30
•
1971
ref
&
tChicago
a-o
93%
39%,
28%
f-a
1949
registered...
A Gen
104%
>48%
95
104% 105
89%
112
83%
Chicago ft Eastern 111 RR—
89%
89%
>55
104%
42
'
A-O
111%
1st
103
69
132
87%
86%
ft Ohio RR—
mtge gold 4s
112
1st ft ref 4 Vis series B___
1
107 Va
90%
71
B
1st
;
■
m-n
.1989
ARefunding
:
«^
-*m
30
27%
M-S
.___.__1946
gold 4s
ARefunding
Baltimore
•
34%
24
m-s
1996
registered.
Division 4s___'
Illinois
■
■*
'
37
:
16%
23
■ •
56
170
m-n
•
1996
Illinois division 3'/28
108 >/4
114
..
102% 103
M-s
35
50
32%
f-a
>
fACLlcago ft Alton RR ref 3s
1949
Chicago Burlington & Quiricy RR—
109%
>
....
M-N
j-j
10
-
16%
11%
48-
•27
1992
gold 4s
cons
13%
91%
a" o
1948
Chesapeake ft Ohio Ry—
General gold 4%s
Ref & impt mtge 3%s D__
>
Ref ft impt M 3%s series E
104 : -I
? 105 ,,
107
105% 106%'
•..*-112% 115V*
1
A
50%
11%
30%
jZj
i960
5*/as
37%
3
51%
—
.1987
<i...i__1962
SACentral RR & Banking 5s stmp.1942
.
91%'
187
>
91
f-a
v
103
gi
a-o
69%
V
79%
28%
Guaranteed
63 y-
68 y8
29
;
31%
j-j
5s
■
•33
a-o
•
Through Short L 1st gtd 4s_.^..1954
v
103%
.53
12%
j-j
...1987
;
Power 3%s
gold
101%
22
51%
12%
j-d'
..^1987
'General 4s
'43%
13
104%
4s
J-J
48
13
7
"
106
111.
•108
M-N
45%
114"%
106%
-•111
87
48
j-j
124
J-D
J-D
69
1C3%
5
85%
103 %
'4
J-J
103
85%
84%
1961
Central Pacific 1st ref. gtd gold 4s_1949
124%
J-D
M-3
65
..1987
registered
■■
111% 111%
111%
107%
52
35
103%
•
64%
m-n
'__^___1945
Central
118%
—*—1960
1946
Atlanta &
Ry—
1st mortgage 3%s
.
1963
Atlantic Coast 1st cons 4s
July 1952
General unified 4 Vis A
1964
L & N coll gold 4s
Oct 1952
Atlantic ft Danville Ry 1st 4s
.1948
Second mortgage 4s
1948
Atlantic Refining deb 3s
1953
•'
74
*110%
•
110%
104%
1
104% 105
103
f-a
1945
110%
"
110% 111
M-N
5s
.
108
105
103
j-d
a-o
104 Vi'
-
123% 123%
i 123%
ao
*noy8,
1st gold 5s
Charlotte Air Line
103
L.;.rvy 102%
t'L3A
105% 106
106%
J10'
90%
.
♦104
f-a
>
'3
69 :>
Nov
New Eng 1st gtd ,4s
JACentral of N J gen gold 5s^
'-'v;
j-j
j-j
107*
•
'
Jan
95
115%
250
'41
103% 104'A,
113% 113%
M-N
109%
1
68%
68%
111
5
105% 105%
a-o
Central
106
86%
107% 110
33
109 Vi 109%:
122 % 123 Vi.;
J-D
Atl Knox ft Nor
>
.{■
109% 109 %■'
123 Vi
A-O
:
>.'•
97
105%
98
14M,.
110% 110%
105%
f-a
1959
■
12
-v
112%
•__
.
.
tACent
l:J.
188'"
'
a-o
J-D
J-D
;1958
.
81
t
103%
93%1'i-s
92 %
> 1
104%
"
1981
ARef & gen 5s series C__
...1959
AChatt Div pur money gold 4s__1951
A Mobile Div 1st gold 5s
-L-,_1940
r.f
106
t>J>
Nov
Trans-Con Short
101
103%
r. % 5 k ::.t 67>
*103% 104%
_.
m-s
—1955
gold 4s of 1910
L 1st 4s
-i
:
>
285
gtd gold 4s
ARef ft gen 5 Vis series B
102%
101
,100%
i..;
; r' '<:f-Mi,
w
if A Consol gold 5s
'
100
89%
V
w
tCentral of Georgia Ry-tA 1st mtge 5s
99
89%
'
:.l v;
-
ijt
.
108%.
:•
.;v' 10;:
•
>; ' ;.
4s
Corp 3%s debs...;
1962
Celotex Corp 3%s debs.
^....1955
A Cent Branch U P 1st
gold 4s_.._i948
106 Va"
107%
104% 106 ;i
78%.. 78%
'
io3y2
.
m-n
& Ohio
Corp 5s
95%
j-j
•
Celanese
104%
'103%
...
102% 102%
a-o
f-a
.i.V
99 '
^
?. 105%
•
..
'f-'
...
98
*98%
'
v
A-O
-
1995
1995
1955
Adjustment gold 4s
Stamped 4s
Conv gold 4s of 1909
Conv 4s of 1905
Conv
106
*109%:
•
& Santa Fe—
General 4s
>
>
A-O
Ry Bdge & Term 5s 1964
ft Co (Del) 4s B—
*..1955
fund 4s series C <Del)_1957
income debentures
1978
.103
103
112% 112%
M-S
1950
115% 115%
;;
104%
100%
>2 /-
-
1965
Clinch
Cart & Adir 1st
83 Vi-
103
1
*106% 107%
..
a-o
conv
1st sink
103
*104
M03
J-J
.
„
i960
1949
Carriers & Gen
110%
68%
;
H10 '
_.
f-A
Ark & Memphis
,
109
r-
103% "M03y8 103%
M-N
______1961
3'As debentures
.1966
3s conv debentures
1956
Amer Tobacco Co deb 3s
1962
Am Wat Wks ft Elec 6s series A^—1975
A Anglo-Chilean Nitrate deb
1967
Ann Arbor 1st gold 4s
1995
Armour
'*■
J-D
..
debentures.'
3 Vis
}
M-8
5 Vis—
—1949
American Telephone & Telegraph Co.—"
Amer I G Chem
85
•
2030
Foreign Pow deb 5s
ft
Am
*83%
117%
1950
tSACarohna Central 1st gtd 4s
J-D
118
119
115%
4%s
Can Pac Ry 4% deb stk perpetual
Collateral trust 4V2s
—1953
series A plain
a Stamped
116
116%
8
117
gold
•
Industrial Companies
§A5s
118%
~7
•116% 117%
1171
118%
116
5
"117
117
117
j-j
Utah
u<,w
116%
21
Guaranteed
-
Canadian
JAbitibi Power & Paper—
High
116% 116%
j-d
^1955
Range Since
January 1
Sold
AO
'
1970
...
Bonds
Sale Price Bid ft Asked
V
Carolina
Railroad and
Last
;.
Low
71
-60
■'
'
:
'J~
76%
76%
-.,.
Stock
Week's Range
or Friday's
Friday
BONDS
New York
76%
60 •>
3
-
>
1978
-1984
3%s extl readjustment
'
-
Period
65 Va
•
37
71
•
\i
__
'y-'b'':
75 -r,
71
New York 6.
Bell Teletype—NY 1-310
Telephone—DIgby 4-4933
90
£« •'.*
'
-
Exchange
91
89
';:,0
7" 74%
Stock
York
New
Broadway
100%
'V.
■
•
'
M-N
.1978
«***•
._>•
*88
•
•
1979
*91
•90
Members
61
2
-
M-N
4-4%-4%s extl
PFLUGFELDER, BAMPT0N & RUST
2
.
•
r
<
5
21 V4
-
100 y8100%
■
-1979
...
23%
21 %
War Bonds
ICTORY
18%
12
7
...
-•>
16
-
23%
23%
J-D
External sink fund 6s
extl conv
readjustment
65
—
16
16
'
'
M-N
M-l?
conversion
•
16%
64
F-A
readjustment
*
*
-1960
A4%s
68
39%
M-N
Buy MORE
th War Loan
40
39
-1940
3%-4%-4A
42%
30
V
48 %
33
42%
5%s
External
39
48
42
^Republic; extl Bs
External
38%
6
48"
47%
42%
A-O
49%
5
47%
48'
F-A
($ bonds of
39%
11
47%
:
-1955
3%s-4-4%a
44%
30
-13
39
ASION
IN
High
35%
■>
External sink fund 6s
Uruguay
A
38 %
—4*
J-J
-
.1940
f 7s
Slovenes (Kingdom)-—
-1962
A 8s secured external
..1962
A 7s series B sec extl
..1958
ASllesla (Prov of) extl 7s
-1958
A4 %s assented
A
*
M-S
a
Sydney (City) s f
Low
2
44%
J-J
—
Serbs Croats &
A
44%
M-N
14
''January 1
Sold
No.
-
.1956
8 A Secured
'■
High
J-J
A 8s
.
M-N
s
JULY
ENDING
—
-
Range Since
Bonds
Friday's
Sale Price Bid ft Asked
Period
'..
Week's Range
Friday
BONDS
New York
WEEK
FOE
■
•
245
CHRONICLE
THE COMMERCIAL & FINANCIAL
Number 4299
160
Volume
27T
10
7
57.%
53%
81%
82
95%
-
77
Monday, -July 17
COMMERCIAL & FINANCIAL CHRONICLE
THE
246
YORK BOND RECORD
NEW
RANGE
FOR
WEEK
ENDING JULY 14
Interest
Stock Exchange
Period
"Last
or
Friday's
Sold
Sale Price Bid & Asked
Low
106%
Cleveland
Pittsburgh RR—
&
C
3 Vis
3 Vis
1948
—1950
1977
1981
1961
gtd
Series D
gtd
Series
General 4Vis series A
1st gtd 4Vis
Cleve Short Line
gtd 5Vis
Union Terra
Cleve
,
ref 4Vis series B
&
Gen
gtd—
1973
1977
1945
1970
1st s I 5s series B
1st s I 4Vis series C
1st gtd 4s
Colo Fuel & Iron 5s inc mtge
1961
4s__1948
1970
1953
Debenture 5s
1st extl gold
Columbus & Sou Ohio El 3Vis
Columbus & H V
Tol 1st extl 4s
Columbus &
Apr 1 1969
w
w
Commonwealth Edison Co—
1st mtge 3Vis series I
Conv debs 3Vis_
Conn R.v & L 1st & ref 4V2s
Conn River Power s f 33/4S A
y
ivoi
1961
Consolidated Cigar 3Vis s. f. debs_1953
Consolidated Edison of New York—
3 Vi8 debentures
19^8
Consolidated Oil conv deb 3
Vis
1956
1958
1951
jAConsol Ry non-conv deb
4s
debentures
3Vis
debentures
A Debenture
4s
1st
1st
mtge 3Vis
1st
J9™
mtge 3 Vis
1st
mtge 3Vis
1950
1955
5Vis
1942
A
receipts
A extended to
receipts
B extended to
Deposit
A
Deposit
series
A 6s
1946
AAssented
ARpf & impt 5s
1st & ref 4%s series C
A
Dul
24%
1956
J-J
53Vi
51
531/2
69
43%
57 %
1956
J-J
50%
54
41
651/2
66%
98
56
66 %
104% 104%
16
103
105 Va
44
109%
103%
7
45%
59%
14
45%
59
46%
12
501/4
AAdjustment 6s series A
105%
51
531/4
107%
16
105!/4
58
t
A 1st
A 1st
B
Internat Hydro El .deb 6s
Internat Paper 5s series A
1944
J-J
A
1955
M-S
Int Rys Cent Amer. 1st 5s B
1972
M-N
1947
F-A
;
Ref sink
108
5
108
109%
110
5
109%
111
fund 6s. series
:i.'3st lien &:ref 6%8
Elgin Joliet & East Ry 3Vis
92
94
;
1965
W/4
56
56
46
Empire Gas & Fuel 3Vis—
:
48 Vi
23
38%
54%
James Frankl & Clear 1st 4s
73%
73%
73%
2
53%
73%
Jones
5
41
58%
56%
57%
*61%
67%
57%
-.Y-
'■
4C%
62%
-
,
•:
••
'1
/
'vy
105%
1st gtd
-106
^
5%:
4 %"
13
103%
217
79 Vi
105%
4%
15
5%
5
125
4
49J/i?f & 45 Vi
50
247
40%
^:*105.%
30
41
7
28
98%
1961
J-J
1961
J-J
1st 4s__
107% 108
5
106%
45%
24%
.1997
107
J-J
-1959
M-S
Gas Light
Laclede
Coll
Coll
46%'
D
mtge inc 4 Vis series A
A Gen
N Y & Erie RR extl
Ohio
Div
1st
101V4. 103V4
106
9
82%
A-O
95
95
95
3
80
102
102
105% 106%
•
J-J
83%
82%
-
99%
1947
M-N
M-S
*105%
99
220
83%j
101%
64%
*106
1971
1st 4s
3 Vis
mtge
J-J
106%
Y
100%
r-:
103
5s
>
;
stamped
*
M-N
Flintkote Co 3s debs
1958
t A Florida Cent & Peninsular 5s
1943
J-j
JFlonda East Coast 1st 4 Vis
1959
J-D
99%
1974
M-S
47%
A 1st
of
Food
M-N
5
103% 103%
102
1051/4
deposit
Machinery Corp 3s debs
1956
1956
Francisco Sugar coll trust 6s
J-D
M-N
99%
14
47
48
86
50
99%
102
*103
102
100% 100%
6
Steel
t A Georgia
1949
100
98%
421/4
59%
56%
5s
1949
J-J
& Ala Ry 5s
_Oct 1 1945
t§AGa Caro & Nor 1st ext 6s
Goodrich
(B
F)
1st
1956
Grays Point Terra
Great
Northern
1st gtd 5s
4Vis series A
J-J
29%
28V4
67
67%
J-D
-
1947
J-J
1973
1976
1977
General
mtge 4s series G
.
mtge 4s series H
1946
Gen
mtge 3%s series 1
A Debentures
ctfs
B
...
—
113
j-.,
5s
V
101%
Miami
106%
111%
117
1171/8 118%
19
105% ■118%
112
70
100
104%
103% 105
J-J
J*
103
102
102'/2
IOIV2 103
98%
1021%
46
102
104
91
107 Va
__
65
p-ei,
13%
13%
13%
1975
j-,j
99%
99%
99%
AGen mtge inc 5s series A
2015
J-J
Gulf & Ship Island RR—
1st & ref Term M 5s stpd
1952
J-J
Gulf States Util 3 Vis series D
1969
1
,
—
84
85 Vi
12%
5
891/4
22
M-N
*110%
ref
5s
&
ref
Houston oji 4 Vis debs
Hudson Coal 1st « f 5s
Hudson Co Gas
HuJ*8.°.n. * Manhattan
AAd) ♦nrom* Rs
For
~1954
series"A—iqro
1st gold
footnotes
see
page
A_IIIl957
F-A
A-O
248.
92%
93
104% 105
i
104
97
103%
100%
12
11
IO3V4
103
99%
86
84%
83%
80
80
75
83 Va
1
70
80
80
80
4
65
80
F-A
66
66
68
60
56
69%
J-J
72%
72
72%
31
64%
80%
38%
38%
39%'
314
33
44%
36 Vi
.v.36%
37%
33
34
43%
42%
42
43%
78
37
48V2
39%
39%
41
10
35%
46%
M-N
48
48
49 Vi
35
421/4
A-O
74'%
72
74'A
9
64%
I ;mvr
123%
127V4
7
101 &
104 3*2
,!
120%
1221/4
F-A
:
■
M-N
M-N
*
V
^
A-O
'
•
V■
*126
——
J' 101 372 101 372
A-O
*120% 120%
*108
'
3
94
71
65%
95
83
A
*__
M-S
i':
M-S
105% 1061/4
103% 103%
37
101%
.
101% 102
64
'
M-S
;
■'
105
——:
3
105
*ioiy4
'
—
—
106%
M-S
105%
107
16
104
1061/4
118%
103%
J-J
105 Va
104
16
*118% 120
A-O
,
106
103 Vi
107
11
106'/4
78
104
——
105% 105%
M-S
F-A
57
__
106
A-O
120%
102
103%
/
93%
1021/4
109 Va
110
101%
102 '/2
,
A-O
A-O
105
105
"
A-O
1051/4 105%
'•
,
5
105%
19
106%
108
104
107 V,
"
105
Vi
v
99 y2
1051/2
105
A-O
39
941/4
*103% 103%
rn>m-
102%
J-J
1061/4 106%
4
106 »/a
107%
1946
F-A
103% 103 Va
5
103
104%
1980
Mob Si Montg 1st gold 4%s
1945
South Ry joint monon 4s
i—_1952
Atl Knox & Cine Div 4s
1955
M-S
Mem Div 4s
681/4
-
17
J-J
gold 3s
.
104% 105
-
.
98
^1.
104
104
21
101%
105 Va
112% 112%
1
112
113
104
104%
M-N
94Vi
104V4
104%
*103»/4
..
'
J-J
1
98
98
M-S
100%
v
.
—
,
M
98
85%
95
86
99%
1950
1960
Paducah &
Gen
111%
Manati
,
1945
—I960
Sugar 4s sink fund__Feb 11957
J-D
mtge 4Vis series A
M-N
2
67%
20
52
71%
79
12
68%
83
78%
79
1953
*58%
M-N
Marion
1st
Steam
gtd 3 Vis
Shovel
s
f
6s
J-J
A-O
102%
*102%
103
105%
78
56
70%
2
116
117 V8
,
*40%
1947
f 5s
M-S
1959
1941
s
99
98%
67
67
A-O
Lt
(Southern Lines) 4s
90%
98%
J-D
94
7
66%
66
104
2003
3Vis series A ext
St Louis Div 2d
116% 116%
66%
M-N
__F«b 19S7
1st 5s
93
'■/.
97%
102%
*93%
'
105
134
67
12
*78
83
88%
130%
98
24
-
——
__
ISAManitowoc Green Bay & North¬
'134% 137%
M-N
J-D
103
56
*92%
2003
2003
4Vis series C
western
M-N
KC*
Unif mtge
H
J-J
1937
89%
99%
99%
2003
series B
&
1st
A Manila RR
1999
102 Va
4
98
F-/4
■
-
V Unif mtge 4s series B ext
108%
66
110
__
93 Vi
1st & ref 3%s series E
113
98
—
100 %
42
101%
M-N
Maine Central RR 4s series A
*97%
100 %
98%
"102
F-A
1945
4s
Nashville RR—
&
A Manila Elec RR &
Harking Valley Ry 1st 4Vis
Aiiousatonic Ry cons
gold 5s„.
:
Jeff Bridge-Co gtd
-1st & ref 4s series D
'
*68
100%
98%
«
/
1944
4s series A
1st
:
.
•
peb
;
Gulf Mobile & Ohio 4s series B
54
5V4
99
101
F-A
Co deb 5s
(P)
Louisville
111 Vi
25
245
3V4
2
1951
gen
stamped
Lou &
101%
23
116% 117
107% 108%
j-j
'
68%
104%
113
/11
14
98
M-S
1951
3s debentures
——1963
Louisiana & Ark 1st 5s series A—1969
Louisville Gas & Elec 3%s
1966
32
48
•
105 Vi
48
1962
1950
1949
1949
1949
debenture
Little
105
22%
__
108
1021/4
-
■
A-O
2003
Long Island- unified 4s
Guaranteed ref gold 4s
30
*102%
•
J-J
_2003
modified
100%
43
106%
108%
J-J
1967
AGreen Bay & West deb ctfs A
117
J-J
1946
Gen
-
j.j
106
1011/4
5 r..V V'
101
2003
2003
2003
Long Dock Co 3%s ext to-.
40
-
1061/4
5
101% 103%
1950
modified
stamped
103%
106% 107
—
J-J
1952
General 4 Vis series E
-
106
J-D
1961
General 5s series C
19
29%
67%
General 5 Vis series B
General 4Vis series D
104VY 104%
J-J
1934
4Vis__
104 Vi
110'/a
7
107
J-J
1954
5s
ext__
Liggett -& Myers Tobacco 7s
J-D
Castings 5 Vis
108%
100
J-D
Lehigh Valley Terminal Ry ext 5s_1951
Lex & Eastern 1st 50-yr 5s gtd_^__1965
131
97%
Dec
1974
4Vis registered.
4s
Gas & Elec of Berg Co cons
94%
175%
99% 100
101%
1974
RR—
modified
registered—
4s
Loriilard
Gen
98
90%
172%
—
•
99% 100
100
99%
—1964
:
N Y "4%s
5s stamped
103%
103
V' A
J-D
1954
Lehigh Valley
4s stamped
104%
42
Vi
.I0;:
F-A
.—1964
stamped—.,
Lehigh Valley
106%
117
*127% 131
*45
ref 5s series A
&
ACertificates
16
103% 104
A ■■V
109
.
4%
100
——1954
t
Leh Val Harbor Term gtd
84
r
1961
•
1965
1945
1st & ref sink fund 5s
106%
4Vis
deb
v
-r—
'
stamped—*
5s
;
Firestone Tire & Rub 3s
-
69
99%
107%
'XXX
•
■
1954
1st & ref sink fund 5s
97%
106
„
107
1975
1954
income reg
mtge
5s
2015
51%
-:<v
Lautaro Nitrate Co Ltd—
Lehigh Valley Coal Co—
1st & ref sink fund 5s
97%
9
I; "
98
104% 105%
''X
'
1997
1997
3Vis
& Mich Sou gold
registered
3%s
111
ref 5 %s. series
&
Lake Sh
Lehigh & N Y 1st gtd gold 4s
96%
•
.
*109%
■
■
107
F-A
1953
_„__19fi0
C__
series
150 %
97%
102%
■
A-O
1945
extd 5s
5 %s
ref
&
114
A-O
105%
'
M-S
Lehigh & New Eng RR 4s A
•
•
119
*108%
-
M-S
-1950
148V4
*106% 106%
J-J
.1954
107%
*148
7
,
*168
A-O
.1961
—
110
„
.
-1954
106
102% 102%
114%
91%
70
*94%
J-J
1961
unguaranteed
JAKreuger & Toll 5s ctfs
108%
*113%
109%
99%
98%
™
89%
106 %
*98%
Kresge Foundation. 3% notes
103
'
(X-
72%
>[:'•:
*67
'
86%
54
16
*118%
'SAY W'>!V
102
-w,:
/
106V4 107
•v.:■■ '=■•'■
J-J
Term
34
3
*107
89V2
54
13
10
87%
Koppers Co 1st mtge 3V2s
107 Vi
106% 107%
107% 108%
89 Vi
106%
3
30
102% 102%
M-8
86
69V4
111%
48
*41
J-J
1987
4Vis
111%
104%
U
85%
J-J
City
Kings County El L .& P 6s
Kings Co Lighting 1st 5s
1st & ref 61/26
6Vi
109-%
13
30
M-N
J-J
J-D
71%
,130
85
851/4
V
Plain
105%
48
-
87%
il
85
85%
,'-V
mm+m—
■Stamped
8
109%
*
109% 110
105% 106%
108%
>—* O O ivh
72%
87%
84%
A-O
V-"
Kentucky & Ind Term 4%s
50
102%
*109% 110%
107
98%
*100%
87%
A-O
...
Kentucky Central gold 4s
106%
4%
110
83 Va
103%
k
A-O
-I960
Kansas
96%
4
96%
106
5%
*€>;
il
gold 4s_ -1990
Fort Scott & Mem Ry—
-1936
gtd 4s
ACertificates of deposit
Kansas City Southern Ry 1st 3s__ -1950
Ref & impt 5s
Apr 1950
108
103%
95%
96
106
58%
95%
^Kansas City
101%
100
* 103 Vi
__
52
102% 103
--
'V
i'
/'
& Mich
Kanawha
52
40
5
106 Vi 107
106%
1995
1st cons M 4s series B
5%
33; /
82
80%
81
J-D
J-J
—
46%
jARefunding
J-J
96% V
', «■,•;..-
.?
53
,•
,
95 V4
3
68%
39
-
17
*100% 101
;
1959
-1961
Laughlin Steel 3%s
Jr.
V.
—
47
*61%
&
"v. '■
'
Railroad Co—
Erie
74%
77%
65
.
62
48
A-O
1965
—1962
stamped
5s
P9
292
SV4
103%
*101% 102%
48 Vi
'
-
4%
103%
56
J-J
J-J
921/4
91%
95 Vi
102
941/4
891/4
F-A
M-S
A-O
M-S
J-D
J-D
1970
El Paso & S W 1st 5s
104%
J-J
A 1st
Nor Div 1st 4s
1948
East Tenn Va & Ga Div 1st 5s—_1956
Ed El 111 (NY) 1st cons gold 5s
1995
Elec Auto-Lite 2Vis debs__
1950
97%
100%
1955
108%
108%
2
1952
101%
57V4
10
1951
5
105
7
61%
104% 104%
JAlowa Cent Ry 1st & ref 4s
+.*»•■
43%
72 Va
101% 101%
Int Telep & Teleg deb gold 4%s
Debentures 5s
;
'
■
108 %
108
108
104%
109%
Lehigh Coal & Nav s f 4Vis A
Cons sink fund 4%s series C
East Ry Minn
65%
112
111
1
105% 106
A-O
1947
& B
•
II
*110%
107%
—
v
July 1952
gold 5s series C
series
%
;
109%
J-D
gold 5s—1937
3Vis
-1965
5s
r*
A-O
18
...
t§ADul Sou Shore & Atl
Duquesne Light 1st M
74
106%
55%
..
78%
103%
16%
56%
1950
98%
ill
754
r
44
42
"•■'WW
M-N
M-S
A-O
52%
156
231/4
—
109V4 109%
F-A
F-A
A-O
57%
236
21
46
Ry 3Vis—1962
70
102% 103
23VY
45
Chemical deb 2 Vis
J-J
73%
691/4
Vi
102%
95 Ya
A-O
25
Miss & Iron Range
Dow
J-J
1956
69
J-D
1950
72%
72%
J-D
1963
Iowa
82
78%
7
95Va
78%
67%
■
110 Vb
127
Second gold 4s_
—1995
& Tunnel 4Vis——1961
&
95
95
F-A
1
47%
56%
Detroit Term
99
110%
55%
;
85
*90%
104%
52
/
*81
■
J-J
91
15
54%
gtd 4.Vis--1947
Detroit Edison 4s series
1965
Gen & ref mtge 3Vis series G—1966
Gen & ref 3s series II—
1970
Detroit & Mackinac 1st lien gold 4s 1995
9-1
—
238
54%
JADes Plaines Val 1st
1951
v"
■
76%
65
'
591/4
56%
t
79%
55
J-J
series B-— A—_1978
*751/4
92%
72:
59 %
S
59%
.
">■.
J-J
78%
16
J-J
J-J
£-■
—
1951
2
75%
JAInter-Great Nor. 1st 6s series A.1952
109% 109%
M-N
A-O
>!<::
91
75'/2
gold 3s
103
*101% 103
J-J
J-D
Western RR—
;
*■-.—1955
89%
75%
90
71%
100 %
105%
1936
jDenver & Rio Grande
AGeneral s f 5s
89%
F-A
97
:
4
1936
8 A 1st consol 4s
5AConsol gold 4Vis
J-J
1st
IO8V4 109%
-
VViT.
78%
J-J
1951
Ind 111
D
..
-78%
48%
196
1951
Div
109%
A-O
3s
1970
Dayton Union Ry 3Vis series B—1965
Delaware & Hudson 4s extended—.1963
Delaware Power & Light 3s
1973
tDenver & Rio Grande RR—
•.*
69
*1001/2 100%
\
67%
M-3
46%
Dayton P & L 1st mtge
„',V
45
109%
—-
1953
J-D
83
88%
Louisville Div & ^erm gold 3Vis-1953
114%
111
110
J-D
—
F-A
79
60%
Indianapolis Union Ry 3%s ser B.1986
Inland Steel 1st mtge 3s series F__1961
50
•
Deposit receipts
Curtis Publishing Co 3s deb
1st gold 3s
84%
58
7
;
105%
50
-----
A
114%
108%
2
./'•
108
J-D
v
67%
1966
,1950
60%
4
82%
67%
87%
^
85
77%
87
M-N
-
84%
82%
77%
M-N
I
84%
76%
84%
J-J
1953
__195S
3Vis
•
70
62%
84%
84
M-N
1952
__1955
lines
97
36
83%
103%
52%
—
1946
A7'/as series
84%
102%
50%
J-J
1952
A-O
101%
105
—-
1st 5s gold
111
109%
113%
108% 109
J-D
ACuba RR
1952
97%
8
105V4
A-O
J-D
|ACuba Northern Ry 1st
A Deposit
receipts
64
107% 107%
M-N
f debs
Crucible Steel 3Vis s f debs__
Crane Co 2 Vis s
96%
*70
41
108%
M-N
.
97%
*96%
Af-8
103% 103%
'
M-N
—J969
mtge 3 Vis
*97 %
A-O
103»/4 103'/2
—
103%
J-J
;
109%
103%
102
J-J
Springfield Div 1st gold 3%s
1951
Western Lines 1st gold 4s—____1951
111 Cent and Chic St L & N O—
Joint 1st ref 5s series A'.
—1963
162
10
101%
1st gold 4s
tAInd & Louisville 1st gtd 4s
1081/4 1081/4
108'A
M-N
M-N
High
100
.1951
^
.St. Louis Div Si Term gold 3s
Gold 3Vis
49
114%
114
;
110\
105
34
162
1951
-
trust gold 4s__
Litchfield Div
f06 %
109
108%
18
*100%
J951
1
Refunding 5s—!
40-year 4%s
Cairo Bridge gold 4s
113%
—
J-J
Omaha
103%
108%
109'/4 10.9%
J-J
1966
—
21
/-J
1051
trust gold 4s_l
Collateral
64%
110
Low
102% 102%
102%
1981
'
Refunding 4e
106%
'
J-J
_
1965
1967
mtge 3 Vis
52
*114% 117
•
Collateral
.
95%
103
—
2%s series A
1st gold 3Vis
gold 3s sterling
Purchased
58
143
114
,
98%
87
*113 %
Power Co—
Consumers
1st
..
1955
1956
4s
A Debenture
/
:
104% 105%
109V4
l6t
102
83
63 Vi
*108
A-O
A-O
J-J
J-D
1954
3Vis
62
157
1st
101%
75%
95%
*108%
J-J
J-J
F-A
J-J
_
105
102
_
January 1
Central RR—
gold 4s
gold 3%s
Extended
105 % 106
62
J-D
1958
135
94
95 Vi
104%
1st
„
84
114
92%
Range Since
Sold
No.
High
'
•;
92%
28
99% 100%
105%
1968
3
104% 105
■
Illinois
—
104
*102
^Commercial Mackay Corp—
Income deb
107
93%
May
.
/ 95
100%
M-N
J-J
A-O
M-S
P-A
May 1952
Columbia G & E deb 5s
106
104%
M-N
.
106
104
j
1980
modified)
107%
*106%
J-D
A-O
Colorado & Southern Ry.—
(stamped
107
107%
*106%
Bonds
Friday's
or
Low
Illinois Bell Telep
107
*108
M-N
F-A
F-A
J-J
A-O
A-O
A-O
A-O
ly72
Coal River Ry
4Vi8
23
108% 108%
108%
J-J
Last
Sale Price Bid & Asked
Period
108%
*
1970
Cleveland Elec Dlum 3s
Interest
Exchange
High
No.
High
Low
York Stock
New
Range Since
January I
Bonds
Week's Range
Friday
BONDS
Week's Range
Friday
'BONDS'
New York
1944
73
*88
%-
90%'
101
__
102%
101%
__
102 Va
Market Street Railway—
(Stamped mod* ext 5s
McCrory Stores deb 3%
a
—-1945
;
1955
-I960
M-S
1950
A-O
65%
65 Vi
66
171
55%
72%
Metrop Ed 1st 4%$ series D
30%
30
32%
231
27
34%
Metrop Wat Sew & Drain 5Vis
A-O
96% .100%
100'% 100%
Q-A
*
105 % 106
111
99%
105
■;
111
99 Vi
8
5
106
109%
111%
92
99%
247
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4299
Volume 160
NEW YORK BOND RECORD
RANGE
Last
Interest
Exchange
t§AMet
Jack
(Chic)
Side El
West
4s__1938
! F"A
central—
Mxcxiigun
3%s
& Sag
Lans
3 Vis
gold
J-J
Lota
Niag Lock & Ont Pow 1st 5s A—1955
19%
Norfolk
100%
97
95
92%
102%
93%
4
,
107
107%
*65
68%
"■
38
*.•'
—
94
+
—
106 Va
A Gen
,
97
'
1939
90%
Jf-S
'J.'—1
<
21
90 %
73%
J-B
1947
■
North
101
75%
75%
90%
59
J-J
1941
.
tMinneapolis & St Louis RR—
A 1st & ref gold 4s
75%
A Ref
&
ext
§ Alst
Q-F
5
45
3%
V 10
,
Alst & ref 5Vis
1978
t A Missouri-Illinois
RR
11
29%
30%
45
29%
1959
1990
J-D
J-J
73
1962
j-j
1978
j-j
A-O
6%
%
>
4
;
5
3
80
80
56%
108
V:! 64%
'
'
81
154
6s series B
48
129
*130% 131%
*120
5s series C
2047
2047
&
impt 5s series D
174
92%
2
.
.
98
53
70%
4
51
66
78
61%
84
230
80%
98%
45
67%
88
83%
39
67%
88
108% 108 3/a
2
98
65%
66%
63
63
J-J
78%
79%
J-J
96%
96V4
97
J-J
83 %
83
83%
J-J
82%
82%
Power Co—
States
F-A
1967
_1974
1964
1st mtge 3Vis
(Wise)
102-/2
88 %
98
65%
Q-A.
.
129
121%
92.
Q-J
.
133
125
116
__
101% 102%
102
Q-F
2047
impt
(Minn) 1st & ref mtge 3%s
1st mtge 2%s—
u
-
105
100
inipt
&
Northern
7%
73%
18
103 Vi
103
70%
1962
1st 5s
45
&
Ref
45
;
103%
J.J
£
-45
21
45
6
J-J
1st 4s
Mo Kansas & Texas
*.;
45
J-J
1946
series B
89%
47%
*129
Q-J
2047
2047
impt 4Vis series A
Ref
5%
45
45j
& ref 6s series A_.
&
O-A
Jan 2047
gold 3s
82%
37%
40
41
*33
M-3
prior lien 4s__1997
1997
11
88%
39%
40%
M-S
-
-1974
1974
;
A
registered
Ref
'
12
43
42%
J.J
J-J
-•
7%
,44
45
J-J
1938
consol 5s
Alst
11
1st gold 4s.l996
Ref
5
^
1838
>
..."
11%
Sault Ste Marie
4s stamped
cons
77 Va
High
110%
105
88 %
A-O
F-A
ref 5s
series
registered—
Low
"
,8Alst stamped 5s gtd as to int__1938
§ A 1st
4s
2014
A_„„1961
RR 5s
&
gen
ref 4%s
Gen lien ry & Id
3s
11%
11%
M-S
1962
50-yr 5s series A
fMlnn St Paul &
-
77 Va
--
•
1949
V 44
;
*65
&
Northern Pacific1 Ry
-
fAMilw Spar & N W 1st gtd 48
tSAMilw & State Line 1st 3Vis
Central
Gen
January 1
108 %
109%
*109
J-J
„..1998
A___
series
mtge 5s conv inc__;
Norfolk & Western Ry
71
1
;
*101 VsllO
J-D
4Vis
Range Since
No.
High
Co—
Ry
t§ANorfoik Southern
107%
55
—.'
Southern
1st. mtge
•
105%
73
"
„
A-O
Bonds
Sold
Sale Price Bid & Asked
Period
High
3.6
\
•
Last
Interest
January 1
Low
Week's Range
or Friday's
Friday
BONDS
102% 102%
107
A-O
14
New York Stoek Exchange
:
-
"
*
M-S
tSAMilw & Northern 1st ext 4%s__1939
A§Consol ext 4Vis
/
No.
;
*97
"J
Jf-N
;
Sold
*8%
A.
M-S
1951
1952
Ref & impt 4%s series C
1979
Michigan Cons Gas 1st mtge 3%s_1969
IS A Midland of N J 1st ext 5s
1940
1st
Bonds
High
Low
JULY
i
/
Friday's
tor
Sale Price Bid & Asked
Period
ENDING
Range Since
Week's Range
Friday
BONDS
New York Stoek
WEEK
FOR
108%
110%
100% 100 %
Jf-S
4
100%
100%
110 % 110%
F-A
3
110%
112%
.
69%
70%
72%
73%
60%
60
62
23-
64%
64%
65 %
63
57
69'/a
50%
50%
52%
92
36
57%
71%
Missouri-Kansas-Texas RR—
Prior lien 5s series A
40-year 4s series B
Prior lien 4Vis series
A Cum
adjust
D
^Missouri Pacific RR Co—
of
ACertificates
A General
Alst
1975
1977
ref
&
of
of
ACertificates
jTN
12%
69 %
F-A
.
69
Gas
72%
5
108 Va
109%
108% 108 Vi
4
104%
110%
1945
1946
1946
J-D
1946
J-J
1961
J-J
gold 5s
1946
J-D
El 4s series G
__1964
J-D
68 %
9%
56%
360
67%
:/V ^
72%
59%. -72
60
73%
1
Pacific
Coast
Pacific
Gas &
1966
106%
104%
105%
1960
A-0
<409% 110%
108%
111%
1st & ref mtge
1965
Montana Power 1st & ref 33/4S__„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 & T 3%s
1968
Mutual Fuel Gas 1st gtd 5s
1947
A-Q
112 Vi
111
114%
1st & ref M
J-D
109
108% 109
96%
2
94%
96%
101%
101% 101%
9
100%
101%
71
6
112
J-J
J-D
U-N
66%
60%
61%
59 Vi
66
66%
U-N
13
58%
58 %
7
112%
96%
MS
62
105%, 109
48%
108
3s series J
Ref
69%
111%
112 '
/
Pennsylvania Co—
,
.
N
1960
1949
J-D
Jf-S
3Vis sinking fund debentures
1949
Jf-S
1st
1965
A-O
1954
Af-N
1948
J-D
Prod 3 Vis debs
3Vis
Dairy
Nat
Distillers Prod
v
National
Steel
mtge
3s
-tANaugatuck RR 1st gold 4s
Newark Consol Gas
cons
5s—
'
of
ACertificates
Alst
Alst
5Vis
Alst
deposit
Ref
&
Ref
3%s trust ctfs D
105%
91
92
91
91 Vi
101 Vi
113%
*113% 115
*
>
116-
84
95 Vi
84%
39.
93%
91%
26
,'"7
114%.117%
124
:6
122%- 126
*85
101 % 101%
115%
124%
if-
94%
3
101%
101% 101 %
A-O
101 %
101 % 102%
25
J-J
102% 102%
103% 104 •>'
104
A-O
73
103
93 Vi
21
J-D
84%
84%
"
J-J
A-O
101 %
96
62
105
F-A
70%
Vi
40
71%
F-A
72
81%
48
72
71%
V'
80%
76
h.%
85 %
'6 448
78%
74%
81%
217
87
99% 100
registered
.1998
F-A
.1998
F-A
.1998
F-A
75
-
84
10
65
78%
10
62%
79%
63
73%
76%
74
74%
70
••
24
70
25
v.
,
8
-
,
2
•
•
5Vis
series A
1974
A-O
105%
Ref
4Vis
series
1978
M-S
97%
1947
-1965
A-O
107% 107%
Y
N
mtge 3Vis extended to
Connecting RR 3 Vis A
Dock
1st lien
N Y
1951
gold 4s
1st
N Y Edison
97%
98%
95%
87
&
94
11
106%
109% 110%
17
J-D
F-A
114
11
•95%
108
2043
2043 *
Mtge 4s series A
4s series B
N Y Lack & West 4s series A
Mtge
1973
96%
109%
US
deb
3Vis
1947
81%
88
37
1st
deb
3Vis
1954
50
v
A-O
h
.
-
-:
50
48%
103
77
./•
,
•
50%
1955
deb
deb
4s__.
A Debenture certificates
3 Vis
J-J
51%
50
50%
50%
49%
48%
51.
J-J
J-J
55
54 Ve
.
-
v
51%
MS
1950
4s
ANon-conv
1956
1948
ANon-conv
-
83%
deb
6s
5 A Collateral trust
A Debenture
6s
4s_J
55
1940
,
Alst & ref 4Vis series of
■
A-O
1927_,_1967
.
87
U-N
„__„_„.1957
26%
J-D
-
86%
•V
*
45%
-
37
60
45%.
23
50%
46%
-
54%
MS
1992
M-S
f
A General
46
N Y & Putnam
J-D
1955
1st
N Y Queens El Lt
cons
gtd 4s
1993
24
•206
87%
.•
53%
26%./.
54% >■'
5
14%
—
-
.
<
;• 153
225
59%
64
/ 191
I
82
:
v,
A-O
4%
65%
5
f.
1965
U-N
lien 6s stamp
1st 3Vis
1958
J-J
107
1963
J-J
108% 108%
*|AN Y Susq & W 1st ref 5s
1937
J-J
{A2d
gold
4Vis
} A General
A
N
gold
1st
Terminal
Y Telephone
Falls
5s
>
31%
48%
106%
-9%
15%
>
45%
46
F-A
Jf-N
$
1967
J-J
110% 110%
1946
J-J
1966
U-S
-
1st 4Vis
Power 3%s__;
footnotes
see
page
;
248.
25%
*109%
52
1
110%
112%
: 95%
-J.
55%
2
79%
48
"
111
81
23%
53
105%
112
106%
107
80
101%
8
99% 100%
95%
10%
26
95
87%
95%
J-D
t-A
J-J
95%
94%
94%
95
105
*132
82
115
105-V
103%
97
107
131
132
121
132%
*125% %_
124 Vi
108% 109
10
105%
Jf-a ;
107% 108%.
92
107%
1113/4
j-D
103 % 103%
6
102%
104
j-j
108%
J-J
•Jf-S
69
29%
Jf-N
72%
"31
38%
339
S>Q
69%
.1949
444
17%
109%
72%
31
104%
105%
104%
*104% 104%
106%
105% 105%
19%
228
6%
17%
100% 101 %
jf-s
j-j
~6
59
100%
101 Vt
103%
104
104
104%
15%
17
F-A
Jf-N
*104
F-A
*112
Jf-N
*112%
-I960
F-A
*113%
1957
J-D
A-O
J-J
.1952
4%s series D
—
Securities 4s——
% A Providence Terminal 4s
Public Service El & Gas 3%s
1st & ref mtge 3s—
1st Si ref mtge 5s
1st & ref mtge 8s
—
Public Service of Nor 111 3%a—
116%
121-
8
116
123
5
106%
107%
102
105
104% 105
6
102%
105%
105
1
101%
105
82
33
59%
80
81%
20
58%
83
80
81
17
58
83
105
80 Va
80
A-O
80%
,
80%
.
*107%
J-D
104%
—
121% 121%
F-A
'
'
"mm
3
■
83%
107%
107%
121%
121%
J-D
J-D
J-J
P-4
J-J
-1957
J-J
102
24
24
*108
,
'
86
94%
24
10
2
105%
105%
108%
23
99%
101%
109%
113%
102%
100% 100 %
100%
Jf-N
-1973
62
*113%
M-3
-1968
20
102
Jf-N
-1956
92%
92
104%
J-J
1951
>■:
104% 105
*101% 103
108% 108%
92%
J-J
M-S
1977
—
123%
123 Va
4
*104
A-O
-1964
Co
115
122%
123
122% 123
:-
*104'A
J-D
-1977
"2
112%
113%
106% 106%
123
J-D
1974
—
112
113%
"
;
—
121
121
Jf-S
-1962
19%
112%
'M—'
w
*123%
J-D
.1950
/„
122% 122%
Jf-N
,.1958
B—
•Z
F-A
-1964
.1950
series C———
7%
*104
J-D
.1953
-1977
4%s A—
100%
113%
100%
103
17
98%
30%
100%
110
107% 107%
110%
106%
109 %
107%
_2037
J-J
*148%
147%
-2037
J-D
*222 Vs
224
224%
-1968
A-O
108
111%
147%
108
108
104
104
104 Vi
97
105
103%"
102% 103%
18
94
103%
102% 103 Vi
25
94%
104%
104%
104%
107%
101%
103
69%
111%
1
105 Vi
108
107%
109
7
34
50%
21
20
10
87
92
24
►
15
46
F-A
io
5%
2
*16
!
4
110
107
1943
gold 5s
Bost
-
5s
t A Providence
63%
102%
*
88
16
*110%
1940
3Vis series B
t?AN Y West &
Niagara
1937
100%
J-J
Jf-S
—
mortgage 3%s
Pressed Steel Car deb 5s
.
66%
gen
1st
94
16%.
/
178
15
N Y 8team Corp
N Y Rys prior
1
& Pow 3Vis
,
103%
79%
1-
V*
'75
*105% 106%
14%"
99%
*106
J-J
5% inc deb
—
-I960
Elec 1st 4%s
1950
1st 58 extended to
1966
Potomac El Pwr 1st M 3 YtS
61
50%
-
1st
'
tAN Y Ont JcWest ref gold 4s
94
42
45
F-A
c'jrtland Gen
•
'
;
1954
4s
111%
23
105%
112 V4 112%
A-O
.1975
5s series A
mtge 4%s series B
Pittston
61
46%
45%
40
125
,
50%
$ A Harlem River & Port Chester—
V lst
104%
110% 111
102% 103%
103%
A-O
.1970
guaranteed 4 Vis
Jrt gen 5s series
60%
'
AConv
97
106
J-J
1st 4%s series A—
.1959
1st mtge 4 %8 series B—
-1960
1st mtge 4%s series C
.1948
Pitts Young St Ash 1st 4s ser A.
89%
46
G
49%
-49%
49%
50
65
45
18
Pitts & W Va
104%
"71
31
88
Jf-S
ANon-conv
115% 120 %
23
.1937
Steel 1st mtge 4Vis
1st
ANon-conv
114%
110% 111%
U963
Coke & Iron conv
111
102
22
80%
■
M-S
125
109
92
119% 120 .:
103% 104%
120
104%
121
112% 114%
.
104
.1963.
i
Ry 1st s f 4s
of deposit
Pitts
105%
101%
■■
„
3s.
Pitts
3
101% 102
80%
98%
111%
J-D
.1973
—
mtge 5s series B
Gen 4Vis series C—
■
JN Y New Haven & Hartford RR—
ANon-conv deb 4s_^^
1947
109%
109%
108
1
105
*123% 123%
113%
.
.1962
x
Gen
115%
104
*101%
102
109 y«
108
—
A-O
.1974
guaranteed gold—-,
4s guaranteed
cons guaranteed 4s—
Gen mtge
110%
114
6s_;
Series J cons
109
108%
*105%
Jf-N
1973
4Vis series B
114
110% 110%
J-J
J-J
IIOV4
106%
A-O
.1952
Series I cons 4'/2s
t
Jf-N
108%
108 %
109% 109%
103% 104%
104'A
.7 F-A
.'-*1980
F 4s
Series H
107%
,
96%
95%
108%
A-O
2000
105%
19
*109%
A-O
.1977
Series G
*:
102%
105
108%
F-A
A-O
1948
1949
gold 3Vis
Harlem
4
45
108% 109%
MS
Phillipsi Petroleum 2%s debs—
Pittsburgh Cine Chi & St Louis—
-1945
Series D 4s guaranteed
.1949
Series E 3%s gtd gold
98 J/2
78%
& Erie—See Erie RR
gold 5s
109%
109 Vi 110%
r
Af-N
—1964
166%
101%
"I
1965
ref 3V4S series E
Pu-rchase money gold 4s
Y
105% 106%
1966
3Vis series D
&
N Y Gas El Lt H & Pow
N
124
230
*101% 102%
A-O
Y
106
109%
—
ACertificates
Seriis
Ref
1st
gold 4%s series C-
J8 APhilippine
v,
New York Chicago & St Louis—
N
4s series B
Philip Morris Ltd deb
3s debentures
91%
69%
81%
76%
70
107%
108 Vi 108 Vi
108%
J-D
109%
10518
106
-
; 109% 109%
F-A
,
101%
108
9
*104
110
1974
1956
-1956
Ry 5Vis
Marquette 1st series A 5s
AConv deb
96%
78%
96%
91%
81
81%
3 Vis
tPhiladelphia & Reading Coal—
Aref 5s stamped—.—
100
83%
96
91
_
96%
116%
101
6
J-J
gold 4%s series C—.
.laei
Philadelphia Co coll tr 4 Vis
.1967
Phila Electric 1st & ref 3Vis
.1971
1st & ref mtge 2%s
7
63
99%
96
"*'*
56%
Jf-N
V:
«...
59
77
F-A
85%
113%
13
F-A
-1984"
—1952
General
303
71
J-J
85%
532
72%
72
J-J
87
78%
74%
77%
.1998
110%
106
105%
v:
10518 10518
-1969'
Phelps Dodge conv 3%s deb
Phila Bait- & Wash 1st gold 4s—
General 5s series B
•
72%
F-A
A-O
;
";
78
74
V
A-O
v:?
103
*100% 103%
1974
1st
80
73%
3
85%
*100
.2013
.1997
69
35
87
85%
85%
J-J
I
96%
*95%
J-J
—1968
D:
1st
68%
10
77
78%
*70
87
.106
:
•—
104
106%
82%
80
/
M-S
Pere
110
*
104
'-.V
.Apr
82%
"
A-O
.1997
C
*103
109 Vi 109%
Apr 1990
84
1
79%
81%
deb
108%
*109% 110%
104
J-D
Peoria
75
>•
ser
/ ■ A Income 4s—i
Peoria & Pekin Union
82%
.1952
registered
108%
F-A
Peoples Gas L Si O ref 5s,———,—1947& Eastern 4s ext!———I960
-
84
.2013
Mich Cent coll gold 3Vis
v
Conv
104
-
3%s
mtge 4%s series E
Gen
.•
104%
102%
4
34
73
.1998
—
110%
Jf-N
1952
Pennsylvania RR—
/ "
Ccnso! gold 4s__
———1948
4s sterl stpd dollar-!—May 1 1948%Gen mtge 3%s series C
,.—1970
7
Cons sinking fund 4%6————I960
General 4Vis series A.
1965
General 5s series B_„
—1968
Debenture gold 4Vis——
—1970
General 4%s series D—
:
-3981
102%
83
84%
—
River 3Vis
& Hud
99%
*101% 104
J-J
.1945
Shore coll
3Vis
103 %
104% 105
Co—
4s series A
106
108
3
108% 110%
J-D
1944
debentures
4%s
114% 115%
registered
gold 3Vis
Cent
3 Vis
17
105
82%
deposit
104%
M-3
—1963
ref
111%
104%
;
.Penna Power & Light 3%s^
F-A
1954
of
impt 4Vi8 series A
3Vis
103%
*71%
impt 5s series C
Conv secured 3'As
Lake
102%
-
&
N Y
6
-—
gtd 4Vis
Central RR
Y
N
<
&
110
29
'
Gtd 4s series E trust ctfs—;
1st
6
11
106
F-A
1955
"
MS
1956
Newport & Cincinnati Bridge
General
107%
;
deposit
A
series
107%
103%
i
D
of
ACertificates
105%
48
103 % 103 Vi
J-D
1950
4Vis series
ACertificates
V 6
103% 105
J-J
1954
deposit
of
ACertificates
Alst
107% 107%
104%
deposit
of
C
series
5s
107 Vi
llOVa
111%
105%
U-N
Pennsylvania Glass Sand'3%8——1060'
Pennsylvania Ohio & Detroit RR—
1st & ref 4Vis series B
—1981
93
84
61
B
series
5s
ACertificates
82
92%
J-J
1945
1945
1952
1961
1986
New Orleans Great Nor 5s A—
1983
N O & N E 1st ref & imp 4Vis.
1952
New Orl Pud Ser 1st 5s aeries A-.1952
1st & ref 5s series B
1955
New Orleans Term 1st gtd 4s
1953
fNew Orleans Texas & Mexico Ry—
■'/
SANon-cum inc 5s seri©6 A-—..1935
England RR gtd 5s
A Consol gtd 4s
x
New England Tel & Tel 5s A
>
1st gtd 4Vis series B_.
N J Junction RR gtd 1st 4s
JANew
"
91%
99%
110%
109%
106
J-J
Paterson & Passaic G & E cons 58-1949
.
98
108
7
'
I960
ctfs
gold 3s loan
1
27
105 «/a
•
M s f
l3t
110%
99%
108%
110Va HI
Paramount Broadway Corp—
109
99%
108 %
.
J-D
1955
•
Nat
.1'
108%'
A-O
—1966
mtge 3Vis series C
1st s f gold 4Vis
Secured 4s
92 Vi
110%
108'/a 109
108%
; J-D
Panhandle East P L 3s B
43%**65
60
111%
F-A
108 Vi
108
110
.-1971
3s series K
Paducah & 111
Guaranteed
1978
106%
J-D
Pacific Tel & Tel 3%s series B—1966
;
Nash Chatt & St L 4s series A
108%
1
32
J-D
1970
63 %
47%
52
>
*109% 112%
U-N
%
106%
106% 106%
■
J-D
105%
9
106 Va 106
J-D
; lb« Si ref mtge 3%s series H—1961
1st & ?ef mtge 3Vis series I
1966
,
Monongahela W Penn Pub Serv—
>
1st
Co
70
*105
debentures
104 %
56%
F-A
6s
7
■■
J-J
104
104% 104%
71
113
69
M-S
mtge 4Vis—r
*103% 104
104%
72%
69%
65%
Moh'k & Malone 1st gtd gold 4s—1991
1st
103%
13%
59%
65%
stpd cons 5s
Oregon-Wash RR & Nav 4s
57%
608
12%
67%
Monongahela Ry 3%s series B
1st 5s
Transmission
Guaranteed
;•
108
108% 109
RR & Nav con gold 4s
Ore Short Line 1st cons gold 5s
72
106'A
106 Va
1
Jf-N
Oregon
56%
20%
104%
6
106 Vi 106%
J-D
Ontario
56%
15%
9
104 % 104%
106 Vi
J-J
73
12
104 Vi
U-S
1972
3%s
30
202
143
19
17
U-N
1960
&,Elec
56%
69
11%
deposit
mtge 3%s
Oklahoma
22%
*67%
1981
mtge 4s
mtge 4s
1st
69%
J-J
1965
1967
1st
1st
72%
56 %
67%
65%
deposit.
of
ACertificates
69%
A-O
1949
1980
ref 5s series I
&
Ohio Edison
1,09*
29%
65%
69
56%
2
*67%
deposit
of
ACertificates
tOgdensburg & Lake Champlain Ry—
§ A 1st guaranteed 4s
1948
64%
2,112
27
69 %
65%
gold 5Vis
AlSt & ref gold 5s series H
„
75
53%
129
,
29 %
U-N
1978
AConv
Alst
68
M-3
,
■
V
69
M-3
deposit,—
series G
5s
'y:
65%
68
69
F-A
1965
4s_.
ACertificates
Alst
/:
;
deposit
ref 5s series F—
&
.
'
:
-
ief 5s series A
Alst &
-
,
'
series A—Jan 196?
5s
;
A
14
95
_4
109 Vi
111*
86
18%
31
108%
109%
Reading Co Jersey Cent coll 4s.
Gen & ref 4Vis series A—.
"Gen k ref 4%s series B_,
A-O
.1951
.1997
.1997
1
.
J-J
J-J
.1950
J-J
.19«0
Jf-N
.1939
J-J
.1949
A-O
T
106%
106% 107
9
6"
*101% 102%
(
91%'
_
86%
58
56
91%
58%
12
143
81
95
44%
59
T
THE COMMERCIAL &
248
RECORD
NEW YORK BOND
Last
Interest
Exchange
or
High
Low
& Elec Corp—
Rochester Gas
*125%
MS
1977
4 Vis series D
33/«s series H
Gen mtge 3 %s series i
Gen mtge 3%s series J
t{AR I Ark fit Louis 1st 4%s
fARut-Canadian 4s stpd
If A Rutland RR 4'/a 8 stamped
mtge
Gen
MS
lub7
Gen mtge
.
1967
1969
1934
■m,m
*111%
i;
__
MS
/
•
11
*108'/4 108%
MS
MS
1073/4-109'/2
48%
47%
48
61
39 '4
13%
163%
J-J
163/4
14'/»
17
138
St Lawr
gold 6s
2d
'
JOt Louis San
j-j
of deposit
A Prior lien 5s series B
ACertificates of deposit
Y-j
stpd——
Loms-8outhwestern Ry—
JSt
81
97%
100
45
44%
49
I 44%
47%
36 7/«
34%
j-j
84%
85
j-j
deb
Distillers 4s s 1
Schenley
1st gtd 4s
fSeaboard Air Line Ry—
& N E
Scioto V
Tel It Tel
South Bell
Gold 4Vis
Gold 4%s
Term
South Pac RR 1st
San Fran
gold
Southern Ry 1st cons
Devel Si gen 4s series
A
6s
Devel Si gen 6 Vis
Mem Div 1st gold 5s
8t Louis Div 1st gold 4s
Devel &
gen
Bell Tel 3yas B
C
Southwestern Pub Serv 4s
ref 3s series
&
1st
Stand Oil
128%
43%
3
313/8
30%
313/e
374
21%
283/4
293/4
4
20
40%
43%
423/8
1.003
28 7/8
43%
125
277/8
42%
39%
MS
60
56%
27%
27%
j-j
■
/'
42%
27%
34%
100
*101
m-n
*100%
*1007/.
—
1 1950
m-n
*ioiya
__
1 1952
m-n
*101%
1 1952
m-n
*101%
101 %
101%
1 1953
m-n
*101%
101%
1011/4
1 1953
m-n
*102 ..,.103%
1013/4
103
May 1 1954
m-n
,102% 102%.. ."'.
102
102%
Nov
1 1954
m-n
*102
101%
Cons
.
1033/8 1033/8
j-j
7
a-o
a-o
*126
j-j
1st
*100%
84 3/4
84 %
:
MS
79%
.*
M-N
79 %
,.,,-79
M-N
79%.
a-o
79%
1st mtge 4s
105% 106'/a
957/8 101%
107
94
85%
80%
.125
Gen
85
84%
126
657/8
65 34
35
101%
West.
1017/a
113%
37
86%
86
86'/a
Western
84
1st
>
159
3%6
j-d
110%
j-j
107 J/s
j-j
f-a
J-J
1023% 104
.1]
20
;
105 y4
118,
Gen
refund
s f gold 4s
—1953
mtge 3%s series B—1974
j-j
120
*—
103
,
;
112%
1950
f-a
1959
a-o
1965
m-N
106 Va
106% 106 V*
2000
j-d
122
121% 122
Texas It Pacific
1st gold 5s
111
25
1023/e 1027/fl
102%
106% 1063/B
__
1st 4s
1063/b
122.
16
115%
ref 5s series
B
1977
a-o
92
91%
92%
47
81%
ref 5s series
C
1979
a-o
913/4
91
913/4
82
797/8
series D
,
101%
107%
102
107%
1007/«
107
101
101%
1053/4
1053/4 106%
63
105%
105% 106%
121
101%
101% 101*4
8
•
67
68%
81
553/4
64%
•
65
42
53
*110*4
'
""I
99%
•
91%
99%
6
1017/8
4
116 y.
./V 38
57%
"mm
104%
116% 116*4
66*4
f
*
68
:
69%
1113/4
V
•
99%
104
■■
,
68
727/8
110%
124
V
—
98%
'
99
17
:■ j'"'.
—
104%
116%
74%
r
,70
60%
m-n
17
A-O
—i,
45
17%
16%.
'..Si 15 ^'.15
'
j-j
u.. 1
22%
.16 Va
15
18
-v
109% .110%
*109%;
*10834
108%
107%
•>'Y
>
M-N
10534
52
10534 106
101% ,106
d Ix-lnterest. - e Odd-lot sale
Under-the-rule sale not Included tn the year's range. rOash
not
sale
/
SNegotlabllity Impaired by maturity.
tThe price
pound unit of bonds. Accrued Interest payable at the
.
receivership, or reorganized under Section 77 of
companies.
;
. ^
• *
<
^Companies reported as being in bankruptcy,
j-d
91
91%
M-a
1960
j-j
82%
81
823/4
179
71
83'4
•Friday's bid and asked prices; no
a-o
38%
38%
403/a
976
303/4
40%
represented le the dollar Quotatton per 200exchange rate of $4.8484.
ABonds selling flat.
Jan 1960
80%
71
<
96
108
•
—
—
the Bankruptcy Act.
112
securities assumed by such
or
current week.
sales being transacted during
NEW YORK CURB EXCHANGE
AND
WEEKLY
NOTICE—Cash
In
and
deferred
in
In the
following extensive list
the
8,. and
include
week
in
ending
the
we
furnish
Friday
present
a
(July
complete record of the transactions
14,
1944);
bond, in which
or
It
any
is
compiled
STOCKS
York
Curb
Friday
Exchange
Week's
Last
Range
Sale Price
Par
Acme Wire Co common
of Prices
Low
WEEK
Shares
Low
26
Mar
21
Jan
Ainsworth Mfg common
5
Air Associates Inc
93/4
9%
1
(N J)
—50o
10
Convertible
common
4.000
3*4
Jun
3,200
63/4
Feb
x834 Feb
4% July
10
July
103/e July
10%
10%
1.100
4%
5 5/8
105.900
2
Jan
5% July
2%
"5%
—2
preferred
2%
200
2
Jan
2%
.10
Air-Way
Electfic
Alabama
Great
Appliance
Southern
-3
—
Alabama Power Co $7 preferred—
preferred
For footnotes see
.50
35
4
33/4
99
99
.
4
100
1163/4ll7%
7,500
70
30
Friday
2%
89
114
Jan
Apr
Jan
Feb
104% Mar
'
Week's
Range
Last
Exchange
of Prices
Sale Price
3534
4
102
118%
Feb
Jan
July
Mar
Sales
Alles & Fisher common—
Allied Intl Investing
Allied
Products
Class
A- conv
Aluminum Co
6%
(Mich)
common
Shares
common
preferred
Goods
Aluminium
Ltd
common
common
American Beverage common—
Jun
American
Book
American
Central
No.
Co
Mfg
1
Low
High
lio
6
July
Jan
22
Jun
22%
Feb
31
23% Apr
277/8 Mar
•31
Jun
35
July
6
30%
30
r
30%
_25
*
34%
: 343/4
113%
•
•
•
July
8%
100
35
112% 113%
9.000
1.150
109 %
18%
Feb
Feb
Jun
113% July
19% Mar
-18%
19
400
12%
13
150
13%
Jun
83%
850
73%
Jan
84
Jan
1013/4 103
200
95%
Jun
103
'
19
700
1%
Jan
37%
12% July
'
82%
83
9
May
100
—1
1013/4
100
preferred
106% May
Range Since January
High
__1
100
new
Aluminum Industries
6%
$3 conv pfd
-
for Week
Low
Aluminum
Air Investors
Curb
High
Apr
4%
York
Range since January 1
Jan
33/B
Saturday,
Exchange itself, and is intended to
14
STOCKS—
20
4
JULY
New
22
1
ENDING
Sales
Hiah
the week beginning on
the New York Curb Exchange for
on
entirely from the daily reports of the Curb
for Week
1
B
Aircraft Accessories Corp
.
FOR
—10
Supply Mfg class A
Class
shown
dealings have occurred during the current year.
RANGE
New
selling outside the regular weekly range are
which
security, whether stock
every
RECORD
YEARLY
delivery sales are disregarded in the week's range unless they are the only transactions of the week, and when
they occur. No account Is taken of such sales in computing the range for the year.
footnote
a
July
$6
n
1980
/■
Aero
33
99
not Included in the year's range,
in the year's range,
1964
±
1st ref 4s
AAdJ income 5s
77%
'
—1960
not included in the year's range.
951%
5s
Deferred delivery sale
included
96%
&
Ave Ry
Youngstown Sheet It Tube—
1st mtge s f 3%s series D.
a
106%
105%
2
It
Gen & ref
983%
,
103 Vo
105
14
*
Gen
Third
101
106 3/4
28
m-n
■.
112%
250
</,.;•
107%
*.4.
1097/8
110
88%
m-s
a-o
119
108%
183
j-d
m-s
101
117%
106 V4
Gen
Tex Pac Mo Pac Ter 5Vas A
35
.
107% 1077/a
——
101 ya
113
91%
19
*106
;
<
__
105%
112
112
j-j
Company 3s deb
debentures
3s
-
m-n
m-s
102%
X
*117
'''
'•
Tcxarkana & Ft Smith 5%s A
Texas
4
—
11034
/ 94%
;
98
1033/4
118
—
105% 106
?
53
38%
101
•
r;
,99% 100
99
m-s
.
107%
102 3/e
100
84
102
953/8
101
110
10534
;
—
*108%
■
j-j
ACertificates of deposit——
1
|ASu & Du div Si term 1st 4s—1936
,-n ■i'r\ ACertificates of
deposit—
■*&—
Wisconsin Elec Power 3%s
1968
Wisconsin Public Service 3%s
1971
;.<•
-
110*4
1949
1st 4s
jAWisconsin Central
104% 106 %
103% 105%
23
4
*100
j-j
Winston-Salem S B
103%
6
,
117% 119
;
873/4
56
l
MM.
'
A-O
t«j
Ret It impt
i
68
101 3/4 10134
j-j
1077/8
,
>
493/4
*100 7/8
1960
112 %
106 %
60.
101
4934
64%
110%
*
103 % 103%
M-N
1944
1047/8
100
j-j
106
53
;
100%
81%
4.4.-
j-d
Registered
110% 1113/*
104% 104%
38
37
52
87 34
•
F-A
guaranteed
1st 4s
West Shore
108%
*1063/4 107%
M-N
111
81
68%
5
105 V4 1053/4
97
108 3/4
87
j-j
1007V 110
55
*103
105%
96
105
25
10234 103%
•
j-d
1950
1951
1960
1951
gold 5s
5s
100%
*111
Terminal Assn St L 1st cons 5s
25-year
6
110% 111%
106 3/4 107%
f-a
• •
Telegraph Co—
Union
1
105
*52
1113/4
100
80"
.
j-j
3
96
Apr
•••4
21
■
F-A
1952
1977
Maryland 1st 4s
5yas series A
30-year
92% 1043/4
M-N
112
90
1083/4 109%
100*4
q-m
2361
-—2361
Wheeling & Lake Erie RR 4s
1949
Wheeling Steel 1st 3Vas series B—1966
Wilson & Co 1st mortgage 3s
1958
16
105
series I
Power 3'/2s
Westinghouse El & Mfg 2%s
33
1073/4 1073/4
a-o
:1966
guaranteed 4s
5s stpd gtd
Funding & real estate 4yas
87
73%
104%
j-j
112
81%
1948
:1945
1945
1950
1967
ref
fit
Western
114%
105
107 Vb 108%
j-j
99%
:.
109%
'
8734
f-a
TtAWestern Pacific 1st 5s ser A—-1946
106 '/a
91% 1017/8
267
113
104
98
21
.
96%
95%
103%
Apr
Apr
1955
gold 3%S—2000
Ltg
mtge
Penn
j-j
1971
1981
1991
4s
1st ref gtd
Westchester
89%
66%
I-
309
101
108%
104% 105
'
1083/4
Washington Term 1st gtd 3yas
./■
A-O
105
if-a
Washington Central Ry 1st 4s
101 %
69
177
101 %
A-O
j-j
—I960
series a
series A
4y4s ser B
1st mtge
Co
RR
Warren
108%
105% 108 %
113y8
A-O
IO41/2
%:
*973/4100
; 96%
mtge 4s inc
Walworth
124
123
J-j
j-j
102%
103
101%
w
'5
2
105 % V ,105% 106
j-j
4
—
MS
a-o
AGen mtge inc
29
*v
79%
\
110% 110%
1958
AGen
__
78%
..
101%
Wabash RR Co—
65%
52%
2
80
—
MS
—2003
gtd 5s
5s
cons
'
M-8
;
.
98 3/8
.
*108%'
1st 40-year
-
—
*112
105 3/«
1073/4
10033 101
10032
98
<■;
102
102
104%
,
f-a
Virginian Ry 3%s series A_
__
107
j-d
MS
101 y8
101%
.„
M-N
103%
108
108
'V:,4-.
■
104
104%
100%
101 %
*103
A-O
101%. 102%
'Z >
—
f 4s series B
103
'
'
-
—
„
RR cons g 4s
8
103
14
106% 106 3/s
106 3%
m-n
May 1 1955
4
104% 104%
f-a
Nov
J7.V.7—7—Nov
It Southwest 1st
Va
102 %
5
63
63
63
102%
m-n
m-n
102 /:
100 *4
35
'
f-a
101%
.104%
1 1949
11949
54
♦101% 101%
a-o
104%
62
3
•,
1013/8 1013/4
i~«.
j-j
104
1013/4
60
122
34%
60
"
103
38%
34%
F-A
1003/4
:
•4:
Y
31 v
'
104
4
12
*
102
102
'
v102
107 y*
106
*107% 10934
•
f-a
series A—1955
1957
Va Elec & Pwr 3%s series B
1968
Va Iron Coal & Coke 1st gold 58—1949
32%
43%
110%
,
v'-'Vc;! >
Nov
Vandalla
68%
43
Tenn Coal Iron It RR gen 5s—1951
3yas debs
2%s debs
Swift & Co
126%
221
,
106 %
109
106*4
106
38%
69% ;,.
J-D
Superior Oil
iM'v'-''
102%
11
105'/*
65%
1961
1953
,-1950
1961
deb 3s
Standard Oil N J
2% debenture
67
42
110% 11034
104%
1033/4
y—'
„
106%
106*4 106 %
1103/4
a-o
.United Stockyards 4y4s w w—— —1951
-1959
Universal Pictures 33/4S debs
102
1
42
102%
106%
J-D
:
33%
30%
221
z
12
M-n
1980
2.65s
100
92
F-A
1972
Internat 1st gold 4yas„2013
of Calif 2%s debs
1960
A Spokane
64
69%
423/8
1990
1951
1964
1968
Southwestern
82%
22%
1
108 3/8
2.60s
69 Vi
m-~s
1994
1950
1950
1958
5s
'
57%
..,..99
,
„
69
107%
2.40s
—
37
65
67
293/4
A
(Oregon Lines)
Gold 4 Vis
64
24
2.55s
38 3/4
95
81%
)'&
2.45s
85%
a-o
1949
1977
1968
i—1969
1981
1st 4s
1950
ref gtd 4s
1955
registered
4s
1st 4yas
21
38%
43
13
2.35s
106
70%
A-O
Aug 1949
coll)
28%
33%
•128
—
A-O
Pacific Co—
(Cent Pac
4s
36%
28%
■
.•••:
121
__May 1 1950
2.20s
»
1964
1963
1982
—1979
debentures
3s
Southern
16
92
104 y41043/4
1043/4
m-n
1950
3%s
49%
48%
373/4
373/,
104% 104 Vs
M-8
JASeaboard All Fla 6s A ctfs_
1935
A 6s series B certificates-, ,..—1935
Shell Union Oil 2yas debs
1954
234s sinking fund debentures
1961
tl ASilesian-Am Corp coll tr 7s
1941
Simmons Co debentures 4s
1952
Skelly Oil 3s debentures
Socony-Vacuum Oil 3s debs
South & Nor Ala RR gtd 5s
36%
85%
36
37
a-0
-
J<—
'
,2.15s
97
33%
F-A
gold 4s unstamped
1950
JUW Rww
f A 4s gold stamped
r'
1950
1959
J A Refunding 4s————ACertificates of deposit.
.1945
A 1st cons 6s sexico A—
os series IX——--—
ACertificates of deposit
—
JfAAtl Si Birm 1st gtd 4s
1933
—
*100%
j-j
fAlst
"
627/8
63%.
.
j-d
1971
1952
1980
Depot 3Vis B
Paul Union
79%
81%
j-j
1947
1941
Paul E Gr Trk 1st 4%s
K C Sh L gtd 4yas
JfASt P Si
45
,
1073/a 1073/4
1971
2.10s
323/4
*104% 105
*
J a St
94
H.
107%
States
46
2.682
36%
j-j
•
103%
Steel Corp—
Serial debentures
United
406
37 %
333/4
103
a-o
74
,
103%
63%
38%
115%
30%
a-o
89%
',•/*
,
105%
j-j
2
105% 1053/4
24
111% 111%
a-o
1955
33
~
2.080
46
111%
f-a
;•
United Cigar-Whelan Stores 5s_..—1952
—1958
United Drug 3%s debs
101
7
*
St
m**
2.50s
4s
106% 107%
2
107 % 107'/a
m-n
—1970
2.05s
m-n
bond certificates
1989
a 2d 4s inc bond ctfs
Nov 1989
fAlst term fit unifying 5s
1952
AGen St ret goid 5s series A
1990
St Paul & Duluth 1st cons gold 48-1968
1st
1033/4
_1947
United Biscuit 3%s debs
993/4
95
"t'Y-
' '
5
41
47%
101%
>
land
fit
grant 4s
34-year 3%s deb
35-year 3%s deb
Ref mtge 3%s series a
95% 100%
64
"
.
94%
v.
104
1967
Pacific RR—
Union
76 %
100
363/4
of deposit
ACertificates
63
•-
—
41%
49
MS
1978
>
1st
101
f:
45
1950
series A
M 4'/as
ACons
—
46
101%
*1033/4 104
M-3
1945
debentures
3s
74
101
101
j-j
Certificates
a
v
106
62Vi
*98% .997/0
:
MS
1950
A
•
100
j-j
1948
1959
1950
stpd
Francisco Ry
lien 4s ser
A Prior
vV
•.«*
99%
99%
99%?
•
N W 1st gtd 5s
1st mtge 5s
*76%,:
'p
m-n
1933
Rocky Mt Si P 5s
L
8t
,
106
"
108%
*74%:;—
"
V ''
v
a-o
deposit
ACertificates of
JASt L Peor &
St L Pub 8erv
j.j
105
17
107% 108%
1063/4
j-j
1947
1998
1990
Mountain & Southern—
fSt Louis Iron
River fit Gulf Division
A 1st 4s stamped
*
1909
Ltd 1st M 4%s
Grand Island 1st 4s
Si Adir 1st gold 5s
103
8
1959
(Chic) 5s
Oil of Calif 3s deb
Union
St Jos fit
96%
U
18 A Union Elec Ry
Saguenay Pwr
9
J-D
—1971
Union Electric Co of Mo 3%s
107%
A-O
19
16 3/e
143
A-O
A-oJ
16 3/4
12
High
Low
1023/4 102%
*
—
50
11
i-j
1949
1941
lllVi-
111Vi
—
'
January 1
No.
102% 102%
J-D
33/4g—1960
Toledo St Louis & West 1st 4s
1950
Toronto Ham & Buff 1st gold 4s
1946
Trenton Gas & Elec 1st gold 5s
1949
Tri-Cont Corp 5s conv deb A
1953
Range Since
Sold
Hiah
Low
Tol It Ohio Cent ref It impt
Bonds
Sale Price Bid & Asked
Period
High
Low
No.
Last
Interest
Exchange
January 1
Sold
Week's Range
or Friday's
Friday
BONDS
New York Stock
Range Since
Bonds
Friday's
Sale Price Bid & Asked
Period
14
ENDING JULY
Week's Range
Friday
BONDS
Hew Tork Stock
WEEK
FOR
RANGE
1944
Monday, July 17
FINANCIAL CHRONICLE
37%
36
37%
290
28%
Jan
—1
123/4
12%
12%
4,600
57/8
Jan
23/8
2%
•
"
Feb
2% Mar
Jun
page 253.
./
Volume 160
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4299
249
NEW YORK CURB EXCHANGE
RANGE
Par
•
Sales
Range
Last
for Week
of Prices
Sale Price
New York
Shares
Biah
Xoto
Low
A
41
—25
—
10
non-voting———.—.—10
American ft Foreign Power warrantsCyanamid class A—
American
Fork
Hoe
&
%
.
19
18 %
,
$2
convertible preferred
1
convertible preferred
$2.50
29 Ms
200
44%
Preferred
Co
Potash
American
5%
19%
Jun
34
Jun
Ca sco
3.100
16%
Jun
18% Mar
CasUe
(A M) St Co
Apr
26%
Catalin
225
35%
Jan
45
10
88%
Feb
97
14%
4%
fog11
18
40
Apr
48
10% Jan
3%
33,700
105
14
May
Jan
r.
3%
3%
100
3%
7»/a
15.800
4%
Jan
3%
,200
"2%
2%
500
"2%
112 *
109 Ms 112%
:
'7'
■
"
6%
4
■y
4%
4%
10%
10%
•
4%
10%
New
3
4 Ms
July
9%
,v. 90
Jan
10 Ms
97% Jan-
Jun
—2.50
12%
12%
12%
4.500
13
10%
10 %
900
i7 ; 7%
Apr
11
6.100
Jan
7
July
7. 7
,
20% Jun
——-•
pfd—100
Atlantic Coast Fisheries
-1
Atlantic Coast. Line Co.——:——50
Atlas Corp warrants—i—
--—7
Atlas Drop Forge common—
-A
Atlas Plywood Corp—————1
Automatic Products.————.1
4,000
6%
Jan
>%
%
Jan-
1%
3%
100
V
"8%
r2%
10%
44%
10%
45
i;
Clark
Jan
2.000
2,100
12%
9%
13 Va
5%
5%
5%
6%
6%
10%
10%
10%
24%
24%
25%
75
13%
13%
100
7'
-
4,900
7
9%
3%
4%
400
"
'v 8
"400
10%
V1 5% Jan
Jan
21 Va
7
9%
Feb
Jan
8Va
Babcock & Wilcox Co—
Baldwin Locomotive—
7%
—
*■„.
7
-v
warrants for
Purchase
J——.
12%
1
Colt's Patent
Jun
30
preierred————
Rubber Co common
Baldwin
Barium
Steel
Barlow
41%
-8%
8%
20 Ve
Feb
6Va
Jun
41%
9%
-
...100
1
•
Arms——- ...25
*
39%
150
800
-
-
6»/a
■
49.000
x4Va
Jun
5% July
400
7%
Apr
9% July
Jan "
Jan
Seelig Mfg—
convertible A common—
(L)
Baumann
6 Ms
Jan
I,200
%
Jan
425
jVMar
17%
Jan
53%. May
»
23.000
13%
•116% 118%:
1.650
42
43«
15%
17
Brummel
—
-1
—
12
4
6%
Apr
2 Va
Apr
37
69%
ii
70%
iV
24
25
11%
A
12
20
$1.50 convertible preferred
Aircraft common——.. —^1
m
&
Hedges common—
Convertible preferredBerkey & Gay Furniture...!.—
28%
II-l
i
—
8%
9%
13%
14%
Inc.—
Bowman-Biltmore common..
1%
Breeze
2
Class
.
American
Jan
100
*
,*8
105
Mar
Jan
27
Mar
700
Jan
12% July
%
900
2%
Jan
24
Jan
Ms
Jan
6
1
21V4
4.300
13%
3.300
9%
2
2%
12.700
10%
10 V4
136%
31%
31%
Jan
13%
3%
,
Am
£1
dep rects ord bearer
dep rets ord reg—
Am
«
—•
—
—
—
Amer
dep rets ord reg
——
—
—
Brown Fence St Wire common
Class
A
preferred
.
Lighting
Curtis Mfg Co
23
12 Va
l'/a
Jan
Jan
138
1st
$5
Bunker
Burco
•
14
Mar
.
preferred^
Hill
..2.50
Sullivan
ft
——
Inc $3 preferred
Burma Corp Am
L
dep rets
37% July
20% Jun
20
Feb
20
Jan
18
(P H)
—
2%
26
Jan
85
1.800
1%
Jan
3%
100
21
Jan
26 Ms
Jun
2,300
9
Jan
10 %
July
17%
17
17%
12.500
14%
Apr
17% July
105% 106%
800
97%
Feb
106 Va July
12
Jan
"l% "l%
1%
3%
3%
*
9Va May
35 Va
10.700
1
Apr
July
1% July
6.800
3
Apr
4
Jan
5%
Jan
31 Va
Feb
4% July
"—
i
3
2%
;•■;
American dep rets 5%
Calamba
Sugar
'California
Camden
50o
1%
1
1%
800
1%
Ml r
1%
*
'M
'
9% July
28 Ms Mar
%
Jan
3%
Jan
11
'3%
Jan
6% July
14 % July
1%
lO'/a
':■■
2.
Jan
Jan
24
Feb
Jun
3
July
Jun
25% Mar
Apr
if Jan
300
Feb
11 Ms
Jan
23%
24%
4.500
19 Va
Apr
26
Jun
10%
400
3%
Jan
~9%
9Va
100
%
10
V
2Va Apr
8% May
12% July
73
Feb
9Va July
17
se¬
5%
21
36
36'*
11
9
ll
i
5%
5%
1,000
•v
60
Mar
33Va Jan"
36
1,800
6V4 Mar
11
3%
10
65
Jan
July
5% July
79
July
135
May
10% July
23,200
II"*
I—1
74%
74%
20
72
12%
Feb
16
Jun
21
100
19
Jan
21
July
% Jan
31/4 Jan
20'A Jan
27
22
Jan
25% Mar
10%
Feb
lOMs
—
Feb
13% Mar
15%
Jun
14
Feb
.
Jan
113
6%
21
•
1%
25,800
6%
1%
6
26%
10,900
27
500
•
15
15
100
Jan
51/4
Jan
Jun
79%
Feb
1% July
6% July
Jun
Distillers Co Ltd—
rets ord reg.:
Corporation ...
13
Am dep
Divco
Dobeckmun
Co
9%
1,500
5%
Jan
11%
12%
400
10%
Jan
5%
6%
5,800
5% May
200
22% May
6 % Feb
9%
common—
Dominion Bridge Co Ltd
Dominion Steel
6%
—.
8%
8
ft Coal B—.
6%
Dominion Tar & Chemical Ltd——
Corp..
Draper
75%
77%
75
33
—
—
Hosiery class B common.
%
1%
Mar
—
—
Domestic Industries class A com—
U Jah
33
50-
67
"5% ~6%
Jan
Feb
26% Feb
Feb
74
9% July
13 %
4%
Feb
6% July
25 Ms
Jun
8% July
7% Feb
77% July
33 Ms July
81
500
3 Ms
Jan
3%
4%
10.800
2%
Jan
10%
6
Duval Texas Sulphur.
Jun
Mar
July
10%
Duro Test Corp common
Jan
Jun
26
21
3,500
-10
Diamond Shoe common.———..
1% July
1.200
39%
Jan
79
1%
preferred
Jan
Jan
15%
79
10%
26%
7%
19%
19%
11%
1,500
9V2
Jan
2%
1,400
1%
Feb
66 Va.
1,000
5614
Jan
Jun
6% July
4% July
70
11 Ms
July
Wireless—
St
fallite
—
Jun
%i%
10 Va
23%
—1
Durham
Voting trust certificates..!
Apr
23
600
3.700
Duke Power Co——
Cables
3 %" July
36 Mr^ July
"9J/a
—*
Mich. Stove
Driver Harris Co—
Cable Electric Products common—50e
/7"v4r,:3'
""% "%
Co common— —1
-10
Detroit Steel Products
-10
De Vilbiss Co common
■
10%
—...
Detroit
Jun
26 Ms
3%
r.
-20
Gasket ft Mfg
preferred....—
Detroit Gray Iron Foundry—
Jun
3%
10
.-i
87% Jun
Jait^fe^'
Ae- 7%
4.400
14%
: ■
11
''
1.400
6%
.100
6 %
May
2.000
10%
14
-50
Detroit
19% July
Jan
.35
...1
—5
Derby Oil ft Refining Corp com
A convertible preferred——.—
4% July
Feb
17%
III
$6 prior preferred
debenture
Jun
26%
./ 250
common...
May
1% May
3% Feb
14%
11%
■7;:23.
•
;;.Febv^,
24
8%
4% July
17% Apr
Jan
200
-
12 %o
3%
1.000
10%
1,350
-8
Class A convertible
Jun
10
llVa
'86%«
Apr
•2% July
Mar
2
Feb
.14
•
'
—0
De-jay Stores
Dennison Mfg class A common
Feb
15%
19%
*
——
Burrv Biscuit Corp
Butler
Feb
18
77%
106 Va
Jan
84
"1;
•100"
.U
Jan
8.200
6
Inc common—...2.50
(Mo)
Darby Petroleum common
Davenport Hosiery Mills
Dayton Rubber Mfg.—
Jun
Jan
2%
2%
.5
Buckeye Pipe Line—
—— —•
Buffalo Niagara & East Power—
25
$1.60 preferred
1.400
Jan
1%
.
17% July
7% July
Feb
%
Apr
Jun
120
.
13% July
106% May
Feb
Feb
87
7
;
Juh
Jun
13%
20 V4
"
IIII1
-
4%
2,100
2Vs
Apr
5%
'■/
5.700
Curtis
19%
,
2%
1%
Jun
19
19
20
$5 prior preferred.
'
4%
4%
*
1
Brown Ruboer Co common—
Bruce (E L) Co common
400
200
l'/a
Jan
Jan
17
-
—.1
4%
.>7
—
—
...
Distillers
Forman
Brown
4%
.*
*'7
British Columbia Power class A
Class B
•
10s
1.300
%
Jan
12
450
7Va
1
—
*
Celanese Ltd—
British
.
—-
£1
.
17%
9%
Brewing Co
—5
Apr
31 Va July
—•
Mar
5.500
Sugar..
12 Ms
20
——
Jan
100
'9%'-
common
81%
»
9
20
24%
Tobacco
1
2.400
6.600
24%
Atlantic
6%
300
132
'
13%
79;%
Cuban
Jun
9%
3.100
132%
21%
1% May
3.000
1%
1
12%
...—8
Cuban
3Va Mar
Jan
21%
9%
1%
17% Mar
Jan
19%
9%
-
% Mar
200
16%
11% MaT
Feb
10%
«...
A
Mar
3
80
200
■5 Vs. Jun
dep receipts (ord reg)—£1
Croft
27
Jan
■7
ji
Crowley Milner ft Co
*
Crown Cent Petrol (Md)——
8
Crown Cork International A—
.*
Crown Drug Co common—
25e
convertible preferred
25
Crystal Oil Refining common
*
$6 preferred-.
u
—10
105
3%
33 Va
17% July
7%
7.900
105% 105%
preferred
Petroleum—
Creole
Tobacco—
British
convertible
48% Mar
«
13% July
5 ;■
.,3,% ■■&:3'%C
Jan
'.
Jan
4%
85
Jan
7.
1%
9%
Courtaulds Ltd—
July
Jan
200
1.000
common.—_.
Jan
10
Oil- Co.—
American
5 %
Feb
50% July
8%,Jun
115
Apr
Jan
12
1%
2
..
A...—....———
British American
Jun
Petroleum
6
Jan
6%
13%
2%
10%
—•
common
$6
Cosden
Jan
32
—
43%
——
Ilioo
Jun
117% May
110 Ms Mar
jun
4%
Mar*
"l%
13
%
1,700
10%
Mfg Co
Brillo
15 Va
13
•.
;
preferred
7%
10
Apr
15%
-
2
Brill
B
Feb
19%
"in*
Bridgeport Oil Co
—
Corp class A————2—
6%
11%
Feb
104
6%
1.200 i
7
—*
Bridgeport Gas Light Co
9%
Feb1
8,000
18%
1
Jan
7' 69
113 Ms
1.800
Jan
77 5% Jun
30
5.175
8%
1% Mar
33%
Jan
114%
7%
13 Va
Reynolds——
preferred A
July
1%
50%
May
12 Va July
Jan
4
14.800
6
45%
Cor.' x>n ft
100
....
13%
mil
Aeronautical
Coro Inc d
15
6%
3.400
.
16
•
Corp common
Otess
9%
14%
^
—
•
5%
.
7 1
;
Ms Mar
.
30
■
Mar
-h July
July
Jan
Feb
;16%
1.150
26%
'■/
—
Brazilian Traction Lgt.ft Pwr
Brewster
■'
July
37
Ms Apr
9%
63 Ms
'■'77
110
71
25
Feb
1.400
68
,110
•
V.8'7
..—100
2%
102
•
Jun
35
Jan
100
200
115% 116
Cook Paint St Varnish Co
135%
Apr
% May
650
5%
'
67
Copper Range Co—
.Cornucopia Gold Mines.
Feb
35
13.600
preferred—
17%
..
•
preferred
9%
prior
48%
2%
__
IIlOO
1st preferred
2d
$5
1%
m.,
*
■
Jan
Co
16%
7
16%
25
—
47
48
2%
— —
1.100
—
6
Apr
30
..
jt
—
—1
1%
July
28 % July
4 Ms July
12
1%
:
•
1st preferred.—
Borne Scrymser Co..
110
Continental Fdy
Jun
19 "Va
Apr
127%
200
■
convertible preferred—*
(S) ft Co
(H C) Co common
34%
21
2%
[C.. 'l'—
"l%
(E W) common——1—. —1
1
Blue Ridge Corp common..
Blumentha!
-
1,500
Va
Jan
dV Jan
20%
350
«
9Va July
Jan
14 % Mar
—
.
-
Bliss
Bourjois
8.600
34
34%
...
•
"
1%
25
4%
3
Birdsboro Steel Fdy & Mach' Co com—*
!7rg%
Blauner's common ——-i..:—....*• ti. -;'9%
Bohack
28%
4%
Bickfords Inc common.—i—1—--17
$3 optional
600
75
Apr
6%
200
—100
■
Benson
—.*100
.—100
Gaft Utilities
56%
390
50,800
1
■
5%
12%
9%
4% July
47 Ms Mar
May
33 Ms
St Machine Co——1
Continental Gas ft Electrio Co—
65
..
— —
Bellanca
Bell Tel of Canada
•1
5%
4%
19%
35
1.250
18
11%
—10c
9
Jan
2.400
II.500
series B preferred—
preferred series C
*%%
Textile
Feb
9%
8%
36
July
6%
4%
37
Jun '
12
Jun
7%
% May
19
4.700
4
Jan
3%
3%
68
Consol
Jun
July
8
Jan
.
V4
Jan
18 Ms
21 Ms
10
50
>
'37%
2% May
300
3%
Jun
Feb
Jan
11
4%
Apr
9Va
10
;Beaum; Mills Inc common.J—
600
900
3%
5%
4
17%,
21%
.
1% July
6%. Jun,
Jan
30%
Mar
9
22% Jan
;'..7 ■% Jan
,
: 11%
4
16 Va
Jan
27.300
r.>" "275
34%
12
Jun
2V8
1%.
12
Feb
...
Jan
17
4
'
—100
—
Ties
—
.18
20
13
3% July
250
17
50
; '
Feb,
Jan
34;
4%
12V4 May
,111% July
9 Ms Jun
Jan
6%
7
21%
1.700
;
85 Va
500
4
5%
Jan
100
700
8%
LVs
.1%
15%
2
'
17% Mar
119% July
Jan
9%
21
Jun
Feb
8%
8 Ms
21
Jun
9%
.
92»A Jan
200
11%
9
5%
5%
120,000
3%
Jun
200
HlVa 111%
15%
•
1
—'—
common
1st preferred—
7%
Beau
5
——
2% .7
108
9%
9Va
%
11%
Consolidated Retail Stores...——1
8
preferred
..'—100
Consolidated Royalty OiL.—
10
Consolidated Steel Corp..————•
3%
Jan
,
'
Consolidated Mining 8s Smelt Ltd—JJ
9Ms July
82
Jun
116
525
/ff
43%
4
Consolidated
Jan
102% 104%
Consol G E L P Bait common
4 Vo
9% July
15 Ms
97
«
Community Water Service——..1
Compo Shoe Machinery—
V t c extended to 1946———.X :
July
% Mar
9% May
;
.
13%. Jan
Community Public Service——..25
8% July
41% July
July
119
Feb
5%
,
34%
common.—.
Apr
Jun
% Jan
4
•
Jun
13
7Va Mar
.100'
5% preference
——
Commonwealth ft Southern wariants.
&
$1.20
1
26
;
.112
vJan
July
,
9%
——4
...
105
9%
——-5
.....—1
9%
119%
,
Jan
6
—28
Columbia Gas St Electric—
.
1/
Corp..1—
Basic Refractories Inc
1
2.800
42.500
26
7%
41%
8%
.1
...
25%
Jun
"*4%
—
Fire
8%
..5
—
■
Co
,
■4 % 7 '%;,
5%
Coal
Plow
Jun
96 V. May
10
$3 preferred —
—
:—•
Consolidated Biscuit Co————1
8%
Jun
8% July
May
800
25
3,500
7 Ms
350
CO—5
Development ordinary——
....1
Colonial Airlines—————
Colorado Fuel & Iron warrants—.
.
common ...—
16%
21%
,
May
.
3% May
900
Conn Gas 8s Coke Secur common..—*
;7 25%
Jan
,
Jun
Jun
.
19% July
8% Mar
8% July
10
20.700
118% 118%
118%
Colon
B
♦7.,;.
-
12
500
Corp.
-——100
Aluminum Utensil Co
...*
Cockshutt
5% July
6% July
10% July
25% July
;.v 14% May
■
•
Club
;
May
114
Jan
118
Jan
119%
-.100
& Lambert Mfg
Electric Illuminating—
Clincrhfield
13% July
Apr
Feb
8
105 7
12%
Cleveland Tractor common—
2% July
31
7%
7%
Controller Co—1
7 Clayton
Feb-
'1% May
6.200
Jan
Jun
May
Jan
200
102
1
—
Claude Neon Lights Inc
,
80
■7
Jun
9%
48Va
12%
.200
7%
15%
3% July
Feb
,
Jan
8%
15%
•
105
117%
12% Feb
47% May
'■<: 150
9%
12%
9
„
8%
14.100
2Mb
2%
——1'
Patoka Collieries
2% Mar
75
,
25 Ms
20
10
8% July
3.700
ft Coast RR Co
Avery (B F) St Sons common..
5
6% ,preferred——..25 ;
Ayrshire
8%
%
•
Voting Machine————*"
Automatic
Jun
3 Ms
%
Associated Tel & Tel class A
Birm
20%
8%
..
7.800
8%
7%
Cleveland
Associated Laundries of America—
Atlanta
7
'6%
Canada———J*
Assoc' Breweries of
Associated Eleotric/Industries-— v /; >
•
American dep rects, reg———£1 ■
19%
8%
preferred—
OOc preferred B
:
•
$6 preferred BB
—
•
City Auto Stamping—..—.;
—♦
City & Suburban Homes.———
.10
Jun
5%
i
July
10%
Ashland; Gil ft . Refining/Co———1
Jun
Feb
41
110
15%
$6
Jun
107
7% Mar
1
•
Cines Service common—
7
4 Ms Mar
May
16
114% Mar
1
.common
IChilds Co preferred
112% July
7 Ms July
Apr
Jan
2% July
Jan
108 Ms
—100
pfd—100
Products
Consolidated Mining
Chief
Jun
Art Metal.Works common————5
Aro
Ohio Steel
Cherry-Burrell common
Che sebrough Mfg
Chicago Flexible Shaft Co
•
600
105%
105:
19
May
44%
18%
18%
•
com
pfd—
Chamderiin Metal Weather Strip
Charis Corp common....
Jan
Jan
3
Jun
2%
3
.
Cessna A'rcraft Co—
4 Va Mar
Jan
106%
290
25.100
.2,700
12,900
7%
4%
'
13
300
18 Ms
-
43%
—1
Central Power St Light 7% pfd
Central & South -West Utilities
•
7Va'July
3% Jan
1
2% May
2% Mar
7%
Chicago Rivet & Mach...
18
Arkansas Power A Light $7 preferred-*
18%
Jan
6%
Jun
% July
111
Jan
iV
"'75
5,800
X23
75
.
ID
America.—.
Maine Power
Central
Apr
:5%
'
3%
-•
15 Va
Jan
—
——
Ceutrar New York Power 5%
July
800
18 •
Cent
Jun
7 Mi
•
Equipment Corp—
30
3%
1
———10
% -preferred—.
Jan
109%
17%
4 M»
class A mon-voting
22 V2
13.900
-
%
Corp of
com
Central Hudson Gas & Elec
May
1% Mar
Jan
(J W) Co
144
Jan
July
425
4%
VW"
1
Carter
Jan
600
48
13%
109%
Arkansas Nataral -Gas common—
Common
1
3,000
29% '
%
.1>■
:
;
1%
'
13%
.*
——
Products...——
!7;.
•
5
:*
preferred—
Apex-Elec Mfg Co common—i
Appalachian Elec .'Pwr 4%% pfd—.100
Argus Inc ■:
—-L————.s-——.;1
6
Apr
Feb
Post: Fence—-———3
An^ostura-Wupperman
:
14%
97
25%
25%
25%
common.———!
Corp
25%
46
29
Superpower Corp com.i—10c ;
y 1st $6 preferred—————*
$6 series preferred.
——•
Writing: Paper common
Carrier
50
1%
:
1
Thread
.
July
Apr
5V» July
Jan
1%
Carolina Power 8s Light $7 preferred—*
$6
preferred—
———
.»
July
7% Jun
250
29 >
12.500
—•
,
150
45
2%
5 Ms
7 Mr Jan
•
.
Carnation Co common..—
19
97
Amer
American
44 "Va
,
32%
1m.
•
American
39
Jan
A.,
44%
44%
45
American Republics
——;—10
American 8eal-Kap common—
—2
Anchor
Jan
2%
12%
25%
——,——
Chemical
&
Jan
'
1
—
5%
.2%
Feb
4% Mar
200
144
1
Class B—
Jun
34%
5%
100
———
& Co class
Carman
July
41%
900
5%
Capital City Products—
Jan
112%
Range since January i
Low
High
7
.—
16"%
17
.——100
—J
——*
Maracaibo
Jan
preferred—
Canadian Marconi
29 Va July
Jan
107
7%
.
—*
—
18 Ms
Laundry Mach——
20
American Light & Trac common—25 ;
6% preferred--.
——25
American Mfg Co common—
—100
American
Jan
non
32%
-25
American
American Meter Co——
19
1%
425
39
43%
Feb
41% Feb
26%
K
19,700
38%
45
Feb
/
High
4Va
voting
voting—
Class'B
Canadian Industries Ltd—
July
15%
800
-
3
36 % May
% Jun
6,900
111% 112 Ms
7%
7%
39
1
:
American Hard Rubber Co—
19
28%
28 Ms'
"112Ms
7 %'
&
4%%
38%
8,300
If
&
10
Gas
Electric-——
39%
Low
Shares
Alcohol-
Industrial
Class A
44% Mar
41% Mar
44
37%
preferred——.
—
100
American General Corp common—10c
American
Jun
Jan
1%. Feb '*<
30
44
38 Ms
;•
common
38
35%
1.200
44
-
Class B
American
3
for Week
of Prices
Par
150
39%
2%
3
Sales
Range
Last
titun
500
42%
38%
39 Ms
Week's
Friday
7
Exchange
Sale Price
Canadian
Cities Power ft LightConvertible class A——.—
!—23
Curb
Range since January 1
American
Class
JULY 14
WEEK ENDING
STOCKS
Week's
Friday
New York Curb Exchange
FOR
1
—
5
3% May
5%
.1
in
Power
Corp
Insurance.
3% May
£1
Estate—
Electric
T»nasten
Fire
pfd
6%
8%
•
8V1
7%
9%
Apr
7 Ms
2.200
5%
Jan
7% Mar
9.100
4%
Jan
9% July
Jun
20%
Jun
20%
Jun
21
Jan
24
Jun
preference—
For footnotes
see
2%
66 %
65
preferred...—.——100
Iron
—25
42 %
36%
42%
2,825
32%
Jan
42 %
28%
27%
28%
250
24%
Jan
28% July
6%
Canadian Car St Foundry Ltd-
Participating
4
25
Eastern Malleable
2%
,
page 253.
2% Mar
Mar
July
Fuel Assoc common—*
% % prior preferred—.—.100
East Gas ft
I
Monday, July 17
CHRONICLE
THE COMMERCIAL & FINANCIAL
250
1944
NEW YORK CURB EXCHANGE
RANGE
Friday
Week'a
Last
8TOCK8
New York Curb
Range
Exchange
States Corp—
preferred series A
$6 preferred series B
Eastern Sugar Associates—
—
500
400
33%
Jan
51
51
1,175
33%
Jan
51
353/4 Jan
.*
1
42 %
40%
42%
1,175
•
83/4
7%
9%
11,200
•
15 >/4
15%
16
150
9%
9%
10
41,500
*
9% July
16
14% May
73/4
Feb
48%
Jan
5
Jun
90 3/4
Jan
93% Mar
88%
Jan
95% July
46%
Apr
65% Mar
700
95%
55%
833/4
4,300
91%
933/4
58
'
1% Mar
% May
900
1
Feb
11
Jan
8%
July
10%
800
33%
38
950
15%
143/4
16%
9,900
8%
Jan
118%
110
103%
Jan
118% July
118
42%
100
12%
12%
300
1%
8,100
1 % Mar
925
31% Jan
400
4% Jan
7%
27% July
343/4
Apr
18 3/a
34 %
July
41
40 %
41
7%
7
Esquire
Pipe Line common
3,700
34%
29%
32
Inc common
Feb
Warrants
July
■_1
Brewing
Falstaff
23/4
2%
2%
11,500
1%
Jun
.,1
Engine
Faircnild
—
163/4
16%
163/4
200
123/8
Feb
16% July
«
63%
Association
Ford Motor Co Ltd—
$3
73/4
5 % May
4%
193/4
Feb
100
4%
4%
23%
2
Jun
23% July
"3%
1
1
1
95
17
350
Mar
3
Feb
4
16% Mar
18
Jan
May
17
173/4
3,200
52
523/4
70
37
Feb
73
73
130
58
Jan
74
10%
Jan
7%
Jan
10%
Jun
Apr
19%
Jan
16 3/4
Apr
19% July
8%
8%
300
7% May
8% Mar
• ■/'
—10
A
General
—•
Alloys Co
Co Ltd—
Feb
Jan
Jun
2%
„
.
3
1,000
1%
Jan
3 %
1%
1
Mfg Co common
8
78
Feb
70 3/4
100
preferred
b%
Gellman
7%
■
l3/4
1,700
lil
Jan
1% July
: 200
12%
Jan
Jun
Gen Electric
£1
1
10
•
preferred series A
5%
Fireproofing
General
Gen
&
las
Elec $b
common
preferred B
Outdoor Adv
w
•
dep rets ord reg
Amer
General Finance Corp common
128
6%
•
•
•
•
preferred
$3
Georgia Power $6 preferred
$5 preferred
Gilbert (A C) common
—
":V*
60
99
84
Gladding McBeati & Co
Aideu
Glen
Sugars class A
Godchaux
Gorham
Mfg
common
Grand Rapids Varnish
Mfg
Gray
Co
2 % Mar
240
75%
Jan
8%
Jan
—
—
49
48%
•V
'
.
-
■
'
87
Jun
123/4
Jun
49%
,
111,.
20
__
..
Mar
' May
51% Mar
12%
10
Jun
51j/4
Jun
Mar
16
15% /
42%
5,500
75
43%
12%
;■
Jan
10%
13%
15%
15%
93/4
Feb
11% Mar
13%
Apr
153/4
300
13%
12%
37 Vs
100
%
%
"18
13,400
X
9
Jan
;//
6
600
5%
42
50
x40 %
7%
*.■
7%
8
600
.
103/a
9%
..
450
33%
33
4,700
7% May
333/4
Feb
Jun
8%
Jan
Jun
11%
Jan
7
Jun
82% May
Jun
4%
Feb
•
Pacific Tea—
&
Non-voting common
7 %
1st preferred
100
Northern Paper
Great
25
Greenfield Tap & Die
Stores Products
Grocery
Gulf
Utilities
States
•
common,,25c
$5.50
89%
•
stock
pfd
•
$6
preferred
Gypsum Lime h Alabastrine
.
134
83
Jun
75
132
Jan
: 136
134
»
,
933/4 Mar
136
Mar
35%
~4
35%
550
29%
Jan
35% July
7%
35%
8%
600
6%
Feb
4
900
8% July
4Vb Feb
33/4
108%
40
110% llO'A
108
10
108
•
_•
,
450
91%
,,.'
—
3% Mar
Jun
108
Jan
19
300
20
19
1%
2,700
2'
13/4
2
2
Feb
20
July
49 %
July
■
July
49% July
493/4
250
1%
49%
400
1
Feb
50
25
Feb
28
7
Jan
12%
1%
28
28
9%
93/4
200
V%
%
9,100
193/4
20%
1,225
17 3/8
8%
93/4
2,100
1% *
1%
1,400
3,700
1 % July
July
Jan
% July
3/8 Mar
Iva
Jan
20% July
73/4
Jan
93/4 July
%
Jan
l3/4 May
2%
Apr
3%
5
Jan
12%
2%
Jan
5
July
873/4
—
3%
11%
5
Co
6%
7%
Julian
3%
3%
1
1
11%
12
Feb
95
May
15,400
3%
5
7,300
'
-
Jan
Jun
10a -100
40
.92
Feb
100% May
106% 107;.
40
100
Jan
107
18
Jan
1213/4
Jan
July
20%
Apr
K
preferred—100
5
Inc
11%
"
11%
17%
1,100
5%
pfd
100
Lighting 7% pfd B——100
5% preferred D
,
100
Kingston Products,—
-1
Kirby Petroleum,
1
Kirkland Lake G M Co Ltd
.1
Klein (D Emil)
Co common
•
Kleinert (I B) Rubber Co
10
Kobacker
Inc.,
Stores
—
preferred
Koppers Co 6%
3%
•
Jan
67% July
Jan
55
Feb
July
8,000
2%
Feb
4
5%
1,100
—•/ 4%
Jan
5% Mar
1%
7,600
3/4 May
16%
600
1% July
'16% July
-5%
;T I'," '
1
153/4
Feb
10% July
Jan
21
May
100% Jan
106
Mar
Feb
95
Feb
13%
Jun
16
280
102% 103
A///"
* •••-
■
84%
—'
11%
*
12% Mar
Mar:
8%
200
10%" 10%
\
Feb
15%
12
convertible 1st preferred—.—100
4%
Jun
56
4.
3%
5%
10%
1
*<"•■■■
/
100
103
Kresge Dept Stores—
Jun
113
45%
10
65.
65"
Kings Co
Knott Corp common
Feb
Jan
5%
Jun
111%
Kimberly-Clark 6%
11% July
17%
Jan
9%
Feb
124
9% Mar
600
16%
16%
-*
Key Co common
special preferred
(8 H)
Kress
"*•>i:"
Lake
3,100
11 %
Jun
100
73%
Jan
common
111%
Jan
110
Mar
X115
May
6
Jun
6
Jun
,
53%
710
17%
18 5/8
6,900
12
3%
3%
3,100
4
4%
800
3J/2
4JA
B
Convertible
Leonard Oil
Le Tourneau
A- /
14
13%
Lit
5uU
32%
il
.32%
,
26% Mar
6%
Feb
f
10
Inc 6% preferred—25
26 % May
13-
600
10
Lone Star Gas Corp new common
Long Island Lighting common,
preferred class A
6%
preferred class B
;
Louisiana Land & Exploration.
Jun
July
Feb
14
July
Feb
25%
Jun
1%
Jan
3%
Jun
Jan
203/4
Apr
450
15
Feb
17%
3,100
8
Jan
9% July
1J
Feb
1%
6%
109%
Jan
113
26% Mar
32
900
17*
16 3/4
9%
9%
11,200
1
.3/4
70
73
66
...'525
.
.;
5,100
850
32
31
73
Jan
49
73/4
Jun
Jan
Jan
51
1,525
68:
7%
0
common
Jan
,13
10%
1,900
14
•
Lynch
293/4
Apr
18 3A
5
17
10
~
9%
VY&
100 ,
73 100
66 V2
.1 v
73/8
Louisiana Power & Light $6 pfd
1%
Jan
22%
.
;
T
i78
•
1%
3%
A
Class
500
13%
'
I
_•
Chain,.
Corp
Feb
25
100
12,300
123/4
Groceterias
Locke Steel
5% Mar
35% Mar
27 Va
::
Apr
Mar
3
33:
%
%
Feb
14% July
26%
—
Jun
Jan
21
5%
4%
preferred
—„—:
Development—
25
(R G) Inc
1
Corp
1%
4%
4%
July
4%
110
Jan
93/4
50
May
4
Jan
Feb
1,900
25%
-
1
common
Brothers common
Loblaw
14%
25%
2%
105%
Material Co
Lionel
18% July
Jan
—
Lefcourt Realty
Line
2%
59
Jan
37
18 /.
Langendorf United Bakeries class A—•
Class
Jan
52%
-J
•
93/4 Mar
L
53%
,1
—
9:
•.;<
y
,1
5 ; ':
100
l
of Delaware
Lane Bryant 7# preferred
Lamson: Corp
Co
—
11%
11%
'
9
V
'
100
1
Lakey Foundry & Machine
Lane Wells
f"
••
(N J)
Mines Ltd—
Shore
•
•
—;—1,..,:
r.
RR
Lackawanna
10
Co.
Brewing
Kreuger
Lipton (Thos J)
'
Atlantic
Great
—
•*
Central Pwr & Lt 5%% pfd__100 v
—
preferred
I
100 ■; __
preferred
—100
107
& Kokenge Co_
• '
—
Jersey
-
Jun
3/8
Jan
30%
July
110
% Jan
6
July
12 3/4
Feb
41
42
Feb
43 %
Apr
104
„
July
1133/4 July
106% May
1003/4 Jan
'
■
.
Jan
75
7
—
'
413/4
200
%'
113% 1133/4
104% 104%'
*«—t
•
•
10
1
8
2 % July
'
1
Mines
class A
preferred
$3
Jun
3/4
1%
87w
Jun
July
Eeb
1,500
1,600
•
Consolidated
Gorham Inc
84
2%
•
preferred
Goldfield
99%
Jan
,
•
B
Class
$7
Jan
74
■
,W~
•
—
July
79%
•
_*
Coal
128
Jan
2
853/4
87
May
21% July
Jan
13/i
' '•
•
Co
1.43/8
115
50
:
f
'
Gilchrist
4% July
8 %
1%
2%
•
Feb
Jan
20
99%
83
99
900
128
128
3%
—
21%
20%
21%
July
8
100
4%
4%
'
•
Preferred
A
,
—_
pfCL
16
:
-%%
100
General Public Service $6 preferred—*
General Rayon Co A stock
•
General Shareholdings Corp com
1
$6 convertible preferred
•
Gen Water Gas & Electric common—1
General
/
16
153/8
10
.
i
Ken-Rad Tube & Lamp A
'
mm*
—
B__.
*
common_15
—
50
Razor
Kansas Gas & Elec 1%
•
common
20% July
16%
Engine Co
Jeannette Glass
Kennedy's
Power Co
Jan
100
July
;:7'a
Gatlneau
;15%
1,700
Co
(F L;
Jacobs
Jan
2,300
173/4 July
523/4 July
17
—100
convertible preferred
4
16%
4
113/4 July
50
9%
Jacobs Aircraft
#
4% July
Jan
45
o
Jan
103/4
20%
6% July
Apr
200
7%
'
10,500
1
*
Italian Superpower
1,500
18% July
1,500
18
19%
Irving Air Chute
6%
87% July
Jan
193/a
28
' 9%
%
64
23%
42% July
Feb
14%
27
9%
Hosiery Mills
•
$7 preferred
•
Royalty
1
Iron Fireman Mfg voting trust ctfs—•
Jun
Jan
77%
200
19 Va
Interstate Power
July
775
1,150
20%
Investors
253/4 Mar
Apr
July
19%
Equipment
Home
56%
19% Jan
stock
conv
40
6
s*
reg
of Canada—
Class A non-voting
Class B voting
Ford Motor of France—
Amer dep
rets bearer
•Fox
(Peter) Brewing Co
Franklin Co Distilling
Froedtert Grain & Malt common
Fuller (Geo A) Co—,
Motor
K%
1,500
64
2
87%
10 k
Interstate
293/4 July
Feb
14%
23
rets ord
dep
Am
Jan
253/4 Mar
Warehouse Co—25
(Phila)
10
Ford
9,100
7%
7
R
7%
4,000
28%
25%
277/a
Federal Compress &
File
11%
11%
11%
Feb
2% July
Juq
9 /a
Products
$3.50 preferred
Interstate
11% July
2% July
1'
Inst Co.
& Airplane.
70
Apr
1 %
.
19%
,—.
International Utilities Corp
Fairchild Camera &
Jan
Jan
1
...
—
Safety
International
42%
46 3/4
Feb
66%
shs—*
coupon
shares—
International
——
500
Jun
11334 July
42%
10
•
—.
International Petroleum
Registered
3,000
Mar
35%
,
Chemidals—
International Minerals and
1% July
41
11% July
24%
—
50
series—
Metal Industries A
International
12% July
Jan
$3.50
Preferred
Jun
1%
1%
common
convertible preferred—,
Equity Corp
8%
Jan
106
2U0
2;/
18
//
•
12% July
86
42%
87
—-•
International Cigar Machine
International Hydro Electric-
Feb
44
42% Mar
42%
42%
stock
Power participating
Derrick & Equipment
/'/.—
of North America,;.—10
Insurance Co
13% July
"22% Feb
30
2%
1%
Apr
Apr
9
110
1%
Jun
10 3/4
200
59
55
2%.
63/i
Jan
11
5,500
52% *57%
56
■
High
Low
53/4
113% 1133/4
113%
100
preferred
1%
V
July
16% July
30
Range since January 1
Shares
High
J.■, -- '.
13% ,., 12% 13%
v
— l• /
—
'
^ 11
' 11%
/ ■*'
.
—
—
38
10
363/i
Sales
for Week
.
„••—
Indianapolis P & L 5%% preferred-100
Indiana Service 6% preferred
100
7%
preferred
100
Industrial Finance v t c common
1
Common
1
10% Mar
Jan
350
91
95
National Watch Co
Electric Mfg—_——
Empire District Electric 6% pfd—
Eversharp
July
July
51
48
,
of Prices
Low
Imperial Chemical Industries—
/
Am dep rets regis
:
£1
Imperial Oil (Can) coupon
•
Registered
•
Imperial Tobacco of Canada——
5
Imperial Tobacco of Great Britain &
Ireland
£1
Jan
49
Emerson
Eureka
1
5Q3/4
Elgin
$3
V.
51
^
preferred v t c
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
Emsco
<
•
$5
Empire
% Mar
>
Par
High
•
$7
Last
Sale Price
Range since January 1
Low
Week's
Range
Friday
8TOCK8
York Curb Exchange
New
Shares
•
Eastern
14
JULY
ENDING
Sale®
.
High
Low
WEEK
for Week
of Prices
Sale Price
Par
FOR
68
July
Feb
8
May
July
"
May
July
H
Hall
Lamp
Hamilton
Co_
fl
Bridge
Ltd
Co
Paper
Electric Light
Hartford
Hartford
10
25
Hearn
Corp
b%
Hec.a
22,500
1%
Feb
33/4
33/4
3%
300
2%
Jan
7%
3,500
25c
Rubinstein
6%
7y»
29
29
6%
6%
47%
"83/4
8 3/4
100
26%
7
1,400
3%
Jan
10
41%
Jan
47%
9
3,600
16
50
13%
13%
200
12
12
100
26%
___•
26%
100
..2
Preferred
25
Henry Holt A Co participating A
Common
1
Hewitt Rubber
common
Hoe
Hollinger
Consolidated
Holophane
Herder's
Bormel
Horn
Co
2.50
Inc
M—
Horn
&
Hubbell
*
common
Hardart—
Mengel Stores
Mapes
7%
Marconi
30
"4%
100
•
9 %
19
July
Massey Harris
13% May
26
Jan
28 %
Mar
McWilliams
Apr
common
&
Jan
31%
313/4
300
24
Feb
32
Jun
10%
11%
9,300
8% May
11%
Jun
143/4
400
133/4 Mar
15%
Jan
Metal
12
38%
38%
38%
/"./
10
Jun
13
Mar
33
Jan
40
May
Jan
6
July
119
30
33/4
116
28%
v
;,283/4
175
293/4
25 %
111
8
19%
19%
19%
500
*
42%
42%
43 %
3,900
173/4
Jan
Jan
Apr
Merritt
Stores
6%%
A
&
Scott—
-
i
^
i
preferred—t
;
,1
—
Hummel-Ross Fibre
Corp
Hussmann
Co
Ligonier
5
—
•
Huyler's common,,
1st
preferred
7%
11
j
,1
„
Hydro Electric Securities
a> grade Food Products
.
4%
29%
6%
10
-4
27%
73/8
11
4%
29%
.
9,600
Michigan* Bumper Corp new,
Ll
Apr
Michigan Steel Tube—
Jun
Michigan
4
Sugar Co.—2
X
—
L
•
10
7%
Jan
Jan
Jan
4 3/a
Jun
950
20%
Jan
29 Va
July
3% July
13
12_%
13"
7% July
11
6s/8
1,500
9%
Jan
July
3% July
13%
Jun
Class B
Middle
1
A
300
-
,
;
7%
v~7 Va
7 %:
-
5%
conv
Dividend
Hilnols
arrear
.—50
I
For footnotes
see
page
253.
4%
50%
49%
50%
2,000
14
143/4
6,200
12
ctfs
Co
4,100
14%
preferred
Zinc
10%
11%
12%
1,550
Jan
10
43%
Jan
50 %
9%
Jan
15 Va
93/8
Jun
3/4. July
13
July
conv
preferred
-
-
$2 non-cum dividend shares
common
:
•
Abrasive
Oil
Supply
291%
Apr
Minnesota Pwr & Light
1%
pfd
Mississippi River Power 6%
pfd
100
8%
61
Jun
1% July
•' 73/4 July
.
Jan
9%
Jun
Jan
Jan:
Jan
3% May
•11% Mar
13% May
3%
1,800
11%
,*.-
1%
12.800
97/s
Jan
Jan
10
Mar
20
Jan
24
.
Jun
23%
Apr
23%
200
293/4
2,200
2%
200
1% May
2,300
8%
Jan
20%
100
153/4
Jan
2%
23/4
700
2%
23A
Mar
4% July
5%
600"
2%
100
8 3/4
60
9
61
700
2%
.
1%
52
Feb
Mar
Mar
-
29% July
2%
9
Jun
July
20% July
2%
Jun
2% July
65
May
97%
100
July
28
20%
*
•
•
2%
illys
2%
8%
May
'
8
-
"
23%
'
1
Refineries
Mining Corp of Canada
Minnesota Mining & Mfg
t
-
V
v
•
10
&
/
—
•
„
50
Co
Piping
>,
12%"
116
9
-V
-11%'
5
7
4
42% May
Mar
6
5,900
8% A ..9,.
12%
]»
1.000
Jun
2% May
-
Apr
<3,100
73/4
Apr
43/4
650
1 %
1 *
8%
'
..
1%
107% July
Jan
Jan
Jun
8% July
.
Jan
2%
1,100
3%•/"•.-4 V-;
<
a
•••m
Jan
23/4
36
Jun
7034
Jan
110
3"%
*
Jan
"%
1%
700
2
'
July
4% July
Jan
99% Mar
,
U1 %
^1
Midvale Co
Midwest
93/4
common—,
$2
Midland Steel Products—
Mid-West
9%
Corp
Oil Corp
Midwest
common
600
150
Jun
8% July
Jan
6
9,700
!%-
1%'
1 A,-*..3
vtc,
West
Midland
Mid-West
Illinois Power Co
3%
41
-
Middle-States Petroleum class A vt c.l*-*
"23/8
161
8%
1%
2
>
Micromatic Hone Corp
300
Jan
138
60
683/4
65
a
v;
<:._•>•• •
:
20% Mar
Jun
13
i- -—
a ,.4
1—2.50 A
•
Preferred,—.
15
453/4
1,800
*
8
38% Jan
Jan
1,500
4%
•
Humble Oil & Refining
2"%
8% Mar
105 V2 107%
—
4*
—
Jun
8%
2,300
25c_1
Participating preferred
Metropolitan Edison $6 preferred^
Apr
—
100 \';
;
Corp,,•_
Jan
1% Mar
4,200
7
Textile
Jun
9
Feb
160
*4%
83/8
^
Jun
113%
156
4'A
68%
Warrants
{
"
-
12
•,
common.,
Chapman
5
26
Jan
6%
*
12 "
•
Messabi Iron Co__
14%
16% Mar
8%
,
•
22
10%
83/4
12%
Mercantile
4% July
May
Jun
-
33% Mar
H Jan
1,100
S
18
Jun
83
Jun
43/4
1,700
8
Co
400
Jan
1'
8%
Memphis Natural Gas common..
1,100
14%
1 V
8
:
Dredging
Mead Johnson
May
1
c
Jun
10%
Feb
5
100
8%
8%
19
150
21
21
21
•
t
2%
Feb
-
•
McCord Radiator & Mfg B
May
23
•'
.
£1
—
v
5%
81
Jan
Jan
1%
200
10
313/4 May
•
Mass Utilities Association
May
97/a
,
2,900
2%
2
.
__
1
;
Ltd
Shovel
Steam
Marion
Co
•-
.
•
Co__.
Marine
Internat
Communication
16%
__100
(Harvey) Inc
Mfg
•
Margay Oil Corp
21%
.«
_
preferred—
Consolidated
Jan
12
4% July
Jun
1
convertible
73/8 July
47% July
Jan
9%
$5
4%
„„f
—
preferred—
July
2% July
4% Apr
2%
10
optional warrants
16%
•
—
Co
Manatl Sugar
51
21%
•
(Geo A) & Co common—
(AC)
5%
0
common
Fnm & Hardart Baking Co
113/4 Jan
M
Jan
July
4%
10
G
Jan
Jan
Jun
5
213/4
5
_
common
& Co class A
(R)
6 3/a
10
9 3/a
27
12
common
Heyden Chemical
5% Apr
Apr
29
16
•
Class A
Co
Jan
2%
50
Mining Co
Heller
51-
47
13/4
5
common
preferred
Helena
20
Jan
Jan
xl9% Mar
2%
•
Dept Stores
x50%
450
1
ctfs
Hat Corp of America B non-vot com__l
Hazeltine
1,800
9 Va
27
1
Rayon voting trust
Brewing Co
Harvard
26
26%
53A
5
8%
8%
*
Hammermili
113% 113%
50
Jan
104% July
109%
Jan
114%
Jun
•
Volume 169 ' Number 4299
THE COMMERCIAL & FINANCIAL CHRONICLE
251
HEW YORK CURB EXCHANGE
FOR
RANGE
STOCKS
New
Friday
Curbl Exchange
York
Week's
Range
Last
Sale Price
Par
Low
21%
1
11%
10%
1
3%
9
.—10
*
Montgomery Ward A
Montreal Light Heat & Power..
—.
-
3%*
'"""V
8%
7%
—10
States
Power common..
7%
Feb
100
260
18
"2
6%
Jun
Jun
10%
Jun
Pneumatic
Jun
Polaris
1% Jan
2,000
21%
19
50
5%
2
6% July
Feb
21% July
127
II
*
Jan
18
Apr
16%
17%
500
13%
14%
250
11%
Jan
6%
*
9%
.100
9%
76
76
133
Jan
14%
Zl\
76
100
100
:.,:■■■■■
Jun,
Scale
Mining Co.
Powdrell
Pratt
Prentice-Hall
Jan
10% Mar
Pressed
80
Mar
Corp
1%
*
—
Bellas
Hess
National Breweries
preferred
2%
Candy Co—
City Lines common
convertible
14%
preferred
56
57
5,000
1,700
12
12%
13,200
56
_•
12%
•
National Sugar
50
11%
800
11%
12
15%
400
24%
25%
4,000
18%
87/s
8%
50
8%
12.50
900
11%
Jan
13
12%
2%
Nebraska Power 7%
preferred
pfd_.
Corp
Neptune Meter class A
100
Nehl Corp 1st
$2
preferred
New
1
Haven Clock
New
New
50
T10
May
Apr
87%
Feb
100
4%
Jan
9%
Jun
300
6% May
9
July
Jan
9
Feb
3
Jan
7%
Apr
N
Y
58%
59%
19%
50
107% 108%
310
325
475
12%.
i
121/8
12%
20%
20 %
64%
2,300
2%
m"—
Y
N
Y &
N
Y
N
N
Honduras
29%
116%
*
14
116
116%
:>
Shipbuilding Corp—
Founders
shares
1
14%
Niagara Hudson Power
preferred
2d preferred
5%
Class
A
Class
B
A
♦
Jan
Jan
130
//
Jan
112%
Jan
117
102
Jan
106 Ms July
— —
_
50
109
May
May
71
670
60
3%
22,700
2%
79%
1,175
74%
68%
68%
68 %
100
1/128
1/64
6,100
fir
1,100
;5
65
May
%
6%
67/a
147/a
5%
2,200
137/a
20,100
105
*
Apr
Feb
10% Mar
30 »
Jun
14 %
Apr
Apr
Jan
Jan
Jun
17% Mar
111
Jan
75
Jan
3%
Jan
83%
Jan
Jan
77
A
1/128 Feb
100
*
"
7%
11%
%
common
Mar
21 %
Jan
2%
Feb
Mar
4
Jan
13
79
3%
35
100
1/128
preferred
Jan
Mar/
2,700
66 %
79%
100
Niles-Bement-Pond
Apr
2%
15%
3
100
optional warrants
optional warrants
Niagara Share class B
Class
70%
10
common
1st
5%
64% July
Jan
110% 110%
N Y State Electric & Gas $5.10 pfd. J 00
N Y Water Service 6% pfd
100
Jun
200
:*
—
—
109%
"
;
29%
14
preferred—100
20% Mar
Apr
25
29%
10
Y Power & Light 7%
$6 preferred
!
Y
10
60% Mar
54
35
~9
9
Rosario.,
.
12% July
20% July
3%
City Omnibus warrants
Merchandise*
Jan
fi Mar
6% July
106%
Jan
.2%
Nipissing
5
2%
2%
7%
7%
7%
2,200
1%
4%
Jan
1
Jan
1st preferred
1st preferred
7%
1%
4,400
%
Jan
1%
$6
Light & Power common—1
preferred...
North American
Class
B
•
Rayon class A—
common
6% prior preferred
North
American
120
103
500
Jan
120;
Feb
Jun
Apr
36%
37%
800
27% May
37% July
35%
37
500
28
37
"l
Jan
52% Mar
July
54 % Mar
1%
~1%
1,300
%
Jan
1% July
5
5%
5%
5%
600
4%
Jan
5%
Apr
_1
North Penn RR Co
9%
9%
10 \
5,900
7
Jan
10%
Jun
87
Jan
87
Jan
50
Nor Indiana Public Service 6%
105
—.100
113
25
Corp
; 14%
105%
50
104
Jan
108
Mar
113
pfd.100
preferred...
Northern States Power class A
113%
90
113
July
116
Mar
14%
•
15%
25%
7%
7,000
500
26
15% July
Jan
23
Jun
27% Mar
Ohio
Brass Co
Ohio Edison
$6
•
common..
preferred.
*
Ohio Power 4%%
preferred
Ohio Public Service 1% 1st pfd
6% 1st preferred
Oilstocks
Ltd
3,100
775
114%
3% May
18%
Jan
4%
Feb
24% July
220
109
Jan
112%
Feb
30
114% 114%
112
Feb
115%
100
116% 116%
20
115
Jan
118%
Feb
112% 112%
20
108
Jan
113
Jun
5
5% Mar
15
25%
25%
25%
2,100
9%
9%
100
18%
»
Jan
5% Mar
26
Jun
6%
1
Apr
7% Mar
8
Feb
9
6%
....1
*
Securities
Jun
3,300
2
Jan
4%
9%
1,000
5%
Jan
9% July
5%
Jan
7
July
26%
Jan
34
July
33~% 3~3~%
.1%
100
1%
33,900
IjV
13
43
"9%
10%
3'.
'8
Iff
1,500
1% July
Jan
Jan
6%
Jun
48%
7
Jun
Jan
10 Yb July
02
Jan
% Mar
6%
%
Apr
4,500
—
9% July
7% Mar
•
Jan
8
108
Apr
108% Mar
114%
13%
14
Jan
118
Jun
16,500
103
16
10%
Jan
14
July
425
93%
Jan
1,000
14
11%
Jan
17
11
Jan
14% July
13% July
102% 103%
15 %
14%
225
13
10
16
13%
•
5
13%
600
85%
150
8%
Jan
71%
103% July
Jan
May
•
84
84
.100
155
154
—
20
155
149
Apr
10% Jan
85% July
157
May
10% May
R
1%
1%.
1%
Radio-Keith-Orpheum option warrants.
20,200
1% Apr
1%
Jan
Railway & Light Securities
15%
10
1
Rath Packing Co. common
10
Raymond Concrete Pile common
•
$3 convertible preferred
*
Raytheon Manufacturing common—50o
Voting common
Railway & Utility Investment A
Roller Bit Co
Reed
Republic
Rice
Stix
Cable
Corp
40%
39%
43
8,300
127/fl
Jan
2%
2%
2%
6,200
1%
Apr
24%
21%
24%
3,100
13
13
"5%
4%
%
2%
Jun
Jan
24% Mar
13
Jan
July
5% July
Jan
16
July
n May
1VB Mar
2% Mays
T* Jan
•
4% July
16,400
180
105%
I
Jan
July
108
14
50
13%
Apr
Apr
15% Feb
13%
14
1,000
10%
Jan
14
3
5
1
3
200
2%
Feb
3
7%
7%
5
Apr
7% Jun
July
Jun
'
7%
18
20
•
4,000
18
*
100
17%
/ 17
19
Jan.
Mar
~3% "3%
-1
•
1
3%
*
.*—50
1
6%
—1
•9%
1
*
5%
46%
2%
18
Jan
Jan
10
May
3%
400
Jan
8
2%
Ryerson & Haynes common
44%
14
*
Royalite Oil Co Ltd
JL
Russejks Fifth Ave
Ryarf"'.Aeronautical Co——.1
Ryan Consolidated Petroleum
1
7,200
106 V2 107%
—5
preferred-
3%
11
300
1
Feb
21% July
11% Jan
3,900
4%
.
48
62,900
1%
4
15%
275
16
1
1
Petroleum Co
X40 %
5%
16
"l
1
common
$1.20 convertible
40
100
Roosevelt Field Inc
Root
51 %
t c
Roeser & Pendleton Inc
Rome
3,600
pfd D
Rio Grande Valley Gas Co v
Rochester Gas & Elec 6%
51 % May
42%
22%
4%
;
Jan
16
Jan
42%
51%
,
..:
i«
July
48 Jan
42% July
22% July
21%
1
Radiator—,
Richmond
Jan
Mar
100
%
—-1
•
Aviation
Dry Goods—;
warrants
Richfield Oil Corp.
12%
42%
5
Reliance Electric & Engineering
225
16
21%
1
*
Red Bank Oil Co
15%
Jan
4%
Jan
6%
6%
1,000
4"% May
6% July
3%
3%
3,000
l'/fe.Jan
3% July
Corp Ltd——
St Lawrence
Class A $2
St
conv
pref
Regis Paper common——..
Salt
Oil Co
Dome
Sanfovd
United Corp common—
Mills.
Oil
common
(D A)
Schulte
Convertible
5%
6%
9,000
46%
46%
25
2%
1,700
Bros Inc
Co
Feb
2%
Jan
6% July
Jan
46% July
2% July
32
1%
14
10% July
Feb
Jan
18% July
300
1%
Jan
275
50%
Jan
75
Jun
1,000
27%
Jan
34
July
64
Feb
93% July
32%
34
89;
;
/
91
360
12
300
9%
3l/4 May
12 % Mar
Jan
3%
40
1%
2%
11
10%
11%
20%
Jan
1%
6%
Jun
2 % July
Jan
11% July
16% 'Feb
250
1%
%
1
87,100
2%
19%
1
Jan
Jun
48%
2% Apr
1
Selected Industries Inc common
8%
8,200
90
1
-•
—<-*
July
6% July
2%
70
12
3% July
15
18%
2%
68%
1
*
Securities Corp General—
Shoe
4,100
33%
25
Scranton Spring Brook Water Service—
$6 preferred—
*
Scullin Steel Co common
*
Seeman
9%
18%
-25
preferred
11% May
4% May
45,700
70
Manufacturing
Scovill
2% Mar
50
6%
9
2%
1
common
100
15
6%
5
*
Co—
Co
Savoy
Schiff
—:
3%
3%
14
20% July
4,600
8,900
%
1% Mar
Apr
5
10
10%
400
Feb
10% July
75%
75
76
800
67
Jan
77
75%
$5.50 prior stock
Allotment certificates
10%
25
Convertible stock
75%
150
69
Jan
75% July
7,800
6%
Mar
Apr
,_100
Oklahoma Natural Gas common
Oliver United Filters B
Overseas
4%
24%
110% 111
100
common
Omar Inc..
4%
24
.24
Mar
4%
•
...
—
Quaker Oats common
6%
preferred
Quebec Power Co
Selby
4%
«
class B
15
9
10
—
Segal Lock & Hardware——
Seiberling Rubber common
O
Ogden Corp common
Feb
3%
—100
Pyle-National Co common
Pyrene Manufacturing
Samson
37
*
!
Northeast Airlines
Novadel-Agene
5,200
50
Utility Securities
Northern Central Texas Oil
1%
2%
118
•
.•«
May
5%
9
100
.
Common
7% July
1
Mines—.
Electric
17
10% July
j
North Amer
Jan
14% July
Jan
Nineteen Hundred Corp B
Noma
Jan
Apr
10%
9%
14%
Jun
3%
3%
Jan
18% Mar
—
'
N
6%
•
common
Feb
104
3,400
3%
63%
3
•
114
Jan
18
100
64%
1
471/2
700
'
/
25
.
Land
common
Co
Auction
•
19%
_•
Arizona
&
9
59%
Co
Jersey Zinc
New Mexico
New Process Co
13% Mar
~8%
6%
108
300
2% July
7% July
6%
•
4%
4%
Jun
13% July
121%
13%
29% Mar
6%
100
New Idea Inc common
Apr
Jan
8%
; 8%
•
100
Tel & Tel
England
9%
1% Jun
3%
40,300
.
*
England Power Associates.
preferred—.
6%
Jan
Jan
July
111%
8%
•
Nestle Le Mur Co class A__
15% July
25% July
Jan
111
—
5
(Herman)
Apr
Apr
Feb
26
8,500
7%
27%
•
Nelson
12
300
2%
4%
27
m> —
11
95
12% Mar
12
5%
*
Co
13
1%
6%
'
500
1,200
Jun
7% July
Jan
Jan
97/a
2,200
Feb
85"%
30c
Radio
12%
13%
117%119
9%
12% July
Jan
4%
10
Jan
58
Apr
200
*
New
Jan
15%
National Tunnel & Mines common—__1
Union
14% May
7%
10
.
—
$5 prior preferred
Puget Sound Pulp & Timber
44% Mar
Feb
12%
25
63
14%
—
—
35
Jan
11%
•
National Transit
7
.
*
Refining
•National Tea 5Yz% preferred
41% July
Jan
Puget Sound Power & Light—
Jan
12%
■
*
Apr
55%
4%
—1'
*
2% July
32% July
12
12%
National Rubber Machinery
National Steel Car Ltd
Feb
17
,
Feb
35
50
Mfg & Stores common
Oil
14%
Jan
28
35
14%
National Refining common.
Navarro
32%
10
Jan
1%
30,500
•
50c
National Fuel Gas
National
2%
32 y2
25
National
National
2%
.*
National
$4
14%
1
common
common
37%
Public Service of Colorado—
6%
National
300
1,000
1
America
—
Nachman
Jan
9%
*■
of Nevada
Prosperity Co class B
Gas
12%
1
Producers Corp
Providence
N
7
18% July
2% July
62%
•
;
-
common
of
Metals
Jan
41 %
*
Premier Gold Mining
Inc
1%
9
117%
5
& Lambert Co
17% July
14 % July
21,500
1,800
High
Jan
2%
61%
9
62
25c
...
„
Alexander.
St
12%
10
—
Power Corp of Canada
Jan
64
common
Low
5,700
2%
50
35%
July
Range since January 1
18%
41
Meter——*
Jan
28 %
2,700
6%
2%
Feb
7% Feb
175
May
15% Apr
50
1
Shares
HWh
15
18 %
Pittsburgh & Lake Erie
50
Pittsburgh Metallurgical...—,
10
Pittsburgh Plate Glass—
—25
Pleasant Valley Wine Co.
1
Plough Inc common
—;
7.50
165
200
21%
—•
Murray Ohio Mfg Co..
Muskegon Piston Ring
Muskogee Co common
6% preferred
Postage
Pitts Bess & L E RR
lioo
Mountain States Tel & Tel
Pitney-Bowes
July
4% Mar
2% Mar
35
6%
12
Feb
17%
"l%
...oo
Producers
Mountain
Mar
Low
•
—
for Week
of Prices
*»f
*
—
Ltd
Feb
9
Moimtain City Copper common
Mines
1%
35
Mountain
Pioneer Gold
common
2%
*
*
Governor
23%. July
Jun
100
173 % 175
Moody Investors, par tic, pld
Mtge Bank of Col Am shs
Pierce
10%
2,700
9
7%
174 %
A'./
High
Jan
Sales
Range
Last
Exchange
Sale Price
Jaiw
14
1,400
12,700
12
-f
Curb
Week's
Friday
STOCKS
Low
23'A
3%
1
Dakota Utilities—.
Montana
York
Range since Januanr 1
8%
~2~50
.
14
New
Shares
High
23 %
Molybaenum Corp..
;
Monogram Pictures eomrnon
Monroe Loan Society A
;
JULY
lor Week
of Prices
Missouri Public Service common
Mock Jud Voehringer common
WEEK ENDING
Sales
Jan
9% July
Mar
Sentry Safety Control
Bhattuck
Denn
Shawinig'in Water & Power..—,
Sherwin-Williams common.....
3%
—
%
Jan
Apr
2%
U July
Jan
6%
Feb
4%
Feb
'
1,000
4,200
12%
100
12.
100% 101%
600
91%
Feb
110%
110% 110%
10
110%
Apr
10% July
3%
Apr
13%
Apr
100%
.•
25
5 % cum pfd series AAA...
—100
Sherwin-Williams of Canada—^——-•
Silex Co common
•
3%
12%
3%
5
Mining...
18
10%
3%
10
——•
Seton Leather common
%
"9%
%
1
1
—
Serrick Corp class B_
Jan
102% May
115% Feb
—
.
Feb
15% July
13%
25
15%
—
~~
12
Jun
16
Jan
26
15%
■
Jan
32
Jun
Simmons-Boardman Publications—
Pacific
$3
Can
Co
common
Pacific Gas & Elec 6%
5% %
•
35
Jan
37% July
35
35
100
32%
Jan
35
—
100
"
—
I
common
•
•
—
vkn
Co
"
25
«
"1
45
2%
20% May
82
Mar.
Apr
9
Jan
9
July
dep
Solar
Solar
Manufacturing Co—
——
2%
V.
98
165
—
Jun
May
South
50
Mar
Southwest
Jan
37% May
Apr
4%
Jan
33%
64%
Jan
74
Jun
Mar
45
July
%
Jan
94%
Jan
104% Mar
90
Jan
100% Mar
161
Mar
142% 145
— —.
150
"
2% Mar
61%
125
Apr
Jani
31
:
~8%
8%
10%
10%
200
29%
29%
29%
175
8%
2,000
Jan
7
Jan
8% May
29
2%
169
Jun
Jun
3% Jun
68
145
33%
Mar
July
Apr
8% July
10% July
Jun
33%
8
July
33% July
7%
7%
7%
1,200
5%
Apr
33%
32%
33%
7,400
22%
Jan
Pipe
Jan
4
July
111
Jan
16% Jun
4% July
63/*Mar
12% Mar
~4%
4%
4
"
5,700
2%
Jan
.6%
2%
6%
2,000
3%
Jan
3
5,300
2%
Feb
314
7%
6
7%
5,800
4%
Jan
7% July
3%
2%
Jan
3 % Mar
45% July
3%
100
45%
44
45%
1,600
40
Apr
31
31
31
100
£8
Mar
—
31
California Edison—
——25
25
—25
Southern Colorado Power class A
7%
Feb
Jan
2%
108
6%
——
original preferred
preferred B
...
5%% preferred series C
25
Telephone—100
..—10
Southern
—10
Southland Royalty Co—
Jan
Jan
31%
31%
100
29%
Apr
32 Yb
30%
30%
300
29 %
Jan
31%
1%
1%
1%
500
1%
Jan
2
July
76%
76%
10
67
Jan
77
July
30
121
July
130
Jan
123
121
123
5%
9
8%
8%
13
9%
400
5%
1,200
8%
Jan
9% Mar
800
5%
9V4Mar
13
July
9% Jun
Apr
Jan
45
Jan
40
Feb
6V4 Mar
Jun
6,100
9%
10%
12
5%
——
Standard Brewing Co.—..
43%
30%
Phosphate Co
Pipe Line—:
Spalding (AG) & Bros.
1st preferred
Spanish it General Corp-?Amer dep rets crd bearer..
Amer dep rtts ord regis.
Spencer Shoe Corp—
Btahl-Meyer Inc..—.
Apr
July
Mar
37
—-100
preferred
Southern New England
Southern
275
2%
25
Line——10
6%
290
700
Oil—
Pa
5%
2,700
50
■
64%
Penn
Southern
Jan
43
-
South Coast Corp common
5% Jun
100
103%*
64
34
22
3% July
Jan
Jan
Apr
1
Corp....—
Boss Manufacturing common.
Jan
229
1
1
—1
Sonotone
Jan
80
259% 260
—£1
rets ord regis.—
City Gas & Elec 7^ pfd
100
(Howard) Paper Mills—..—•
Aircraft Co
1
Smith
Jan
29
5,600
225
2%
102
•
Jan
Amer
Sioux
34%
50
5%
—
144
Feb
Feb
24
50
■
•
For footnotes see
page 253.
29
5%
165
•
III—III
common
37%
97%
64
6
16%
150
2%
106% July
19
6%
700
w
103%
109% May
Simplicity
32
33%
29
-
July
6% Mar
■
10
13,700
21
~5%
Jan
Jan
Jun
80
—
8
37%
jjn
•
—
82
—
2 50
'SSSn?P°*er 5% Pfd-IIII
Phillips Packing Go
—
33
•
•
r
'
'"'I
7%
44%
—"I
Phoenix Securities.common
—
-
30%
j
_
33
•
Dfd"*
Salt
Philadelphia Co
96%
.
II25
,
106% Mar
50
■.
•
•
—
Perfect Circle Co.—
Pharis Tire & Rubber..
:
—
10
*
Penn Gas & Elec class A eom.
Penn Power & Light $7
preferred
$6 preferred
Mfg
'
--
82 v
7%
\
Pennroad Corp common
Pennsylvania Edison Co $5 series
$2.80 series preferred
Pepperell
■
-
5
"~i
Co
Mfg Co
Penn Traffic Co—
Penn Water St Power Co
«.
109
—
_%
Parkersburg Rig & Reel
Patehogue Plymouth Mills
Penn
—
_•
Paramount Motors Corp..
100
Singer Manufacturing Co Ltd—
109
"3% 1%
Singer Manufacturing Co—(——4—100
•
37%
Page-Hersey Tubes common
—II•
Pantepec Oil of Venezuela Am shs
Telephone
$1.40 preferred A
*
1
15%
800
*
Pacific Power & Light 7% pfd
Pacific Public Seryice.
;
Si .30 1st preferred
;
Peninsular
—
Jan
37%
25
preferred
Pacific Lighting $5. preferred
Parker Pen
preferred
Pattern common—,
convertible
13
37%
1st pfd.—25
1st
%
% Mar
Jun
7,900
3,700
1% ~1%
1,300
■fir
5
Feb
% July
3% May
5% July
2%
5/0
5%
%
4% July
%
Jan
•
.2.78
fir Feb
1"%
Apr.
THE COMMERCIAL &
252
ii<t
Exchange
1"
Jan
%
Jan
%
Jan
Wolverine
%
Jan
Petroleum
Woolworth (F W) Ltd
Stetson
Inc
(J B)
KMnne*
(Hugo i
Sterling
2%
800
2Va
2%
r 3.000
1%
i
11%
11%
1
1
•
Co common
Jan
6
1%
Jan
Feb
16% July
1%
14%
4,250
19%
•"•'•%
600
13%
600
1% July
Feb
Jun
York
New
12%
Jan
15 Va
Jun
15
Apr
15 %
Apr
11
Apr
May
s
I
debs
1950
f
debs
& Lt deb 6s
2016
J-J
1961
1970
2024
J-D
5s
1956
J-J
4%s
1953
J-J,
Jf-8
3% 8
Amer
f
s
Pow
Writing
Amer
Power Si Light
Oil St Land Co——
Appalachian Elec Pow 3%«
Appalachian Pow deb 6s
Elec
regis
dep rets ord
Amer
.
500
57%
73%
74
:
May
Jun
Jan
80
109%
113 /
4%
4%
4%
23%
23%
1J
2,000
4,600
3"
May
.
,
.
1%
10%
100
10%
—
1
8%
9%
11%
13%
4
5,600
«
Tung-Sol Lamp Works..
80c convertible preferred
1,800
_
Jan
10%
4% July
Inc 6%s.
Manufacturing Co
Unexcelled
Canada..
of
Gas
Union
—
Union Stk Yds of Omaha
Products
United
Aircraft
United
Chemicals common
pfd
A participating
$3 cum
preferred
preferred
$5
Prior
United
13% July
preferred
91%
18 /
/
sferies
Va
ft
59
34,900
,!■;
Va
%
1%
1,200
Elmlra
Water Lt
ft Jan
Empire
District
Jun
ft Jan
Federal Water Service
'
Apr
39%
Jun
Feb
93
Apr
General
,;
200
4
Feb
6
263
Jun
265
July
%
Jan
§AGobel
Jun
Grand Trunk
100
75 '
77%
1,175
69
44%
43%
44V4
1,240
42
8%
8%
700
4%
Mar
8% July
7%
8
4,900
5%
Jan
8
tt
•
6% Mar
.
1
77% July
Jun
Green
U
U
S
Graphite
8
common
f'
7%
•
1%
1%
1%
3,600
%
preferred with warrants
•
89%
89%
90%
700
78%
1
4%
4%
4%
700
2%
Jan
U S Radiator
Consolidated Oil
Universal
Class
B
Universal
Insurance
Utah
Utah
Indiana
12
Feb
14 % May
Indiana
12%
11%
12 %
1,500
7
Jan
12%
41/4
3%
4%
6,900
%
4%
Jun
Feb
18%
26
22 Va
22%
23%
1
22%
22V*
23%
4,800
18
Jan
23% May
28 Va
28 Va
50
20%
Jan
28 Va
3 Va
3%
27,600
2%
Jan
57%
550
51%
Jan
Sugar
8
•
$7 preferred
Products
3%
56%
1
10c
priority stock
56
8%
8%
8%
8,400
4
2
2
2
2,500
1%
1
AbVas
5s
& ret 5s
1970
8% July
2 Va
Feb
83 %
Jan
A7s
Feb
61
'
A 7s
Jun
1957
1952
1952
1941 coupon)
(July
Power
Interstate
Kansas
Veneautian
Vogt
preferred
Petroleum
Manufacturing
Feb
3% July
Jan
1%
48% July
1
3%
2%
37/s
8.100
5
common..
48 Vs
45%
48%
300
9%
9%
10%
1,500
8%
Feb
11%
14%
141/4
15
1,000
8
Feb
15
I—1
21
:
102
104'%
100
<
27
1957
:——1952
—1963
5s
6s
6s
Superpower
1965
1966
2022
3%s
Electric Power 3%s
Apr
July
Electric 6s
Light 3%s
Kansas Gas &
106%
■
107%
*107
U-N
..
Lake
4
30%
30%
25
33'%
30%
30%
13
21'%
33
33
33%
10
25
35
31%
31%
1
23 :
33'%
31
32%
2
25
30%
31
2
22%
33
94%
96
106
88'/a
96
71'%
72
33
60
77%
J-3
JS
95'%
t
3-3
K
J-J
V f
/I
■ .'r
>
:
;
28%"
34%
*33
__
a
Aircraft
Co
•
Waitt & Bond claw AClass B
Wayne
Knitting
"•
4s
3%
4%
11V8
3
1,400
10%
3,000.
,
20
20
**%■
MiUsirZH"'
3
4% July
May
2%
—
,
14%
400
2%
20%
Jun
Feb
107'%
109
$105'% 108%
106'%
107 :
120
J-J
A-0
FA
1971
Af-N
1965
1945
Af-N
J-J
1963
W-
A-O
■
Manufacturing
West Texas Utility
West Va
Coal
■
-—.
.1.23
preferredl—
$8
Si Coke
Western Air Lines Inc
Western Maryland Ry
"**
110%
—8
__
""
1
1st pfd -100
Western Tablet &
>
Stationery com.
Westmoreland Coal
II20
~
Westmoreland Inc
see
page
9%
9V4
133
.""4%
4%
1,400
20
110% 110%
9%
9%
9%
97/8
9,800
2,200
2% July
20
134
150
20%, 20%
28
28
...
50
8%;
108
Apr
5%.
7%
5
Jan
?
Jun
110% Jun
9% July-
Apr
Jan
138
July,
18% Mar
21
Jun
23
Jan
28% May
Jan
84
8%
100
Jan
8
Feb
»,
Valley RR—
Extended at
Milwaukee
4%
*108
*102
106
Minnesota
Gas Light 4%s—1
1st
<20
•>
Jun
9% Mar¬
io
Jan
&
P & L 4%s
ref 5s
6s
New
series
New Eng
5s
—1957
...
A
Amsterdam
Gas
5s
Gas & El Assa 5s
•
.
Conv
New
New
•
deb
5s
:
England Power 3%s—;
England Power Assn 5s_
Debenture 5%s
1967
.1978
1955
1945
198L
2022
1948
1947
_1948
1950
.—1961:
_1948
.1954
109'%
106
108%
108%
99%
104V4
106% 106%
105%
110
108 Va 109
v
108
110'%
;.102% 103%
"*100% 101%
;
to
Mississippi P & L 5s
Nassau & Suffolk Ltg 5s.—
Nebraska Power 4%s
9% July
Jan
$'/a
..1
253U
3%
Midland
"
46
133
-.10
Weyenberg Shoe Mfg
Wichita River Qil Corp.!!"
For footnotes
4%
G
112%,
107
/;"■ 1
108% 108%
/
■
•
*111% 113
—
122
111
'
122
*121
U-S
1948
E
Middle States Petrol 6y»s
18% Mar
'
Went worth
series
4s
36
*107% 109
3-D
J-J.
'
Jan
Jan
1%
15
300
18
18 ;
11% July
94% May
7%
50
20
Feb
94 Va May
10%
-Taii
preferred
Edison
35
Af-a
1966
Superior Dist Pow 3%s
Radiator 6t Mfg—
stamped
.....
;
..
1970
Utilities 4s
Kentucky
Metropolitan
W
7%
>
101%
109
30%'.
.
1969
Kansas Power <fc
6s
Wagner Baking voting trust ctfs ext
101
,
McCord
Waco
105%
93
13
99% 100
ft
103%
93%
14
100'% 101
100%
f-A
107%
104
! 31
J-J
105
102'%
13
102% 103'%
105
105'%
26
104 y4
F-A
F
series
Debenture
convertiole
ft
111
102
1
—
ft 105%
75
106%
__
Af-N
J-D
coupon)
1941
(Aug
A7s
July
1 1941
E
series
A7s
Altallan
$4
105
102'%
64%
5
Af-S
1957
(Dec
Jersey Cent Pow & Lt
Valspar Corp
105
106%
102'%
5
*106% 107%
J-D
104
108%
103%
70
70
J-J
1955
coup)..—1955
C
series
A6%s
July
*3% July
Jan
74%
50'
82%
82
Service
1958
1950
1963
5s
101
'
-r-»
108%
102%
*99
3-D
{International Power Sec—
Mar
1
__
'
■
*105»/4 107
J-D
110
103
*103'% 103%
*106
103%
100
21% July
Jan
1968
Indianapolis P & L 3ViS
Jun
20
Hydro-Elec
lien
1st
Jun
•
Utility Equities common
$5.50
3% July
Co
Power & Light
Rodio
Jan
common
Pictures
Products
Utah-Idaho
Apr
950
Voting trust ctfs
Universal
2 Va Mar
Jan
Jan
j-j
:!
103%
98%
8
A-O
ft
1%
69
Power &
2%
10
102
104
1%
10
Universal Cooler class A
Universal
600
101
'
104
101%
102
1,200
"101
•
—•
108 Va 110
f-a
106%
100
.
■■■
M-a
102
17,700
%
97%
103%
*103
*102
U
2V8
2
U
106%
35
63" «•■
a-0
Illinois
4% July
99%"
104'%'
124
103
103%
i
■
A-O
3%
2
■(
Jan 1949
31/4
2
Paper
•'
Jan 1949
B
series
6s
•
Wall
United
-
98%
102%
2
99% 100 ;3
"*102-
-
Light Corp—
1st & ret 6s series A
1953
1st & ref 5%s series B
—1957
Jun
3%
•
50c
United Stores common
J-J
fv
104%
93%
U-S
—1958
Hygrade Food 6s ser A
Jun
•
Reclaiming
Rubber
8
common
Apr
100
A-O
J-D
152
123
J-D
..19532
6s
West
r.
"
101%
'
$102% 103
104% 104%
104%
104
125
90%
1
.•
1950
1950
1963
Houston Lt Si Pwr 3%s
July
1%
91%
Jan
1st
U-S
108
.
99
73
124
.
.
"
"
284
103 Va 103%
-
1941
5s stpd
Grocery Store Prod 6s
&
99
99%
124
July
11
Feb
9
._
__
S and International Securities
$5
U
1
98%
1965
Pow 3%
Mountain
•'
v
1978
5s
West 4s
Power
Nor
Great
44% May
Jan
Guantanamo
class B
Foil Co
U S
Af-N
4%s series A
(Adolf)
%
7%
Feb
tt
77 Va
'
Georgia Power & Light
Glen Alden Coal 4s
July
70
6
6
99
■
5
98%
M-a
1969
—3 953
1948
./n
"^".'il9r:;-"
g ■
■•/..■
8
99%
—1954
3%s A
■
59
103'%
110'/a
102%
1
F-A
v
118
105 Va
4 '
? "v
148
135
98%
& RR bs
Pub Serv 5s
"•
121
-
•
104
109
-;>/ 2
"
107%
103% 104
v
3-D
El 5s
Power
Gatineau
90/
120
104
98 %
116%
8
109'% 109%
104
M-8
5s
5%s
97%
145
-
,
63% Mar
50% May
10
23
Va Mar
Feb
16
116%
•
1952
Light
Power &
Electric
106
103% 101%
121
1956
2030
1956
Eastern Gas Se Fuel 4s ser A
AGeneral Rayon Co 6s ser A
25o
Preferred
Jan
98 Va
*107
F-A
105
103%
179
103%
M -N
Cuban Tobacco 5s
Feb
121%
1954
.1958
1944
104
104%
103%
?
VV 109%
J-D
V
* 79
99%
*115
-
62%
101%
'
10
103
Af-N
Textile 5s stmpd—1953
mtge 4%s—'
Gen
A Consolidated
33%
264% 264%
'
108 v
>
Continental Gas Si El 5s
ft Mar
.
103%
A-O
A-O
%
..
A-O
J-J
W
53
100%
-
103% 104
104
1978
ser Q
(Bait City)—
Consolidated Gas
Mar
"ft
98
103% 106
F-A
J-D
52
37
;f
"v""/
*104% 105
102
103%
July
3
May
2,100
'
.
ft
18
ser
2%s
1st ref mtge
,
Jun
Feb
N
mtge 3s
ref
1st
18% Jun
Apr
series
3 %s
2% July
95
X114
1,200
I
Jun
July
107
36%
>'
144
100%
103%
103 %'V.
99%
105%
48
53
69% •71%
-*102% 104
70%
M-S
Consol Gas El Lt Si Pr
Jan
16,900
547/8
i
ft May
16,800
51%
106%*
.
5 /
51%
^100
M-a
A
.1951
(Baltl—
1971
P
1969
Connecticut
25% July
64% July
Feb
1%
51%
J-J
A-O
Lt & Pr 7s
Feb
Jun
16
1,700
6
United Specialties common
5s
80 Va
8,500
Va
Ou V.
25
5s
18
50
1,500
51
•
-
104% v
/
101%
!! 3;
106%
! 106%
1
51
M-S
Jan 1966
1950
1958
1969
5s
Debenture
7%
Jan
53%
10®
Machinery common
Service
Debenture
11% July
Jan
300
-
150
102
-
4-
1
J-D
-
105%
,'.••7-'
-
102% 102%
J-J
1955
5s
67
Jun
14%
103
;
K-N
J-D
B—
deb
7%
May
7%
400
,
-
Feb
5%
66
10
*7,500
50
18
2
1%
117
117%
...
/i1:, f t
Sharing
94%
18%
Va
as
•
preferred
Shoe
2%
2
:
1%
' 117 Va
Va
%
regis
dep rets ord
Proiit
10%
2
—1
NJ RR & Canal
United
64%
18
Ltd—
Molasses Co
United
64
..
•
Milk Products
Amer
7
67
11
25%
10%
3-D
103
;
120%/
"
150
102% 103%
102%
115%
-119
r 110
*107
A-0
M-a
-
113%
11
'*119 - 120%
,*150% 170 V
Q-F
1927
T952
ctfs
St Ry 5%s A
3 % July
Jan
•
participating preferred—
United
4%
100
%
B
class
Common
United
..
.
•
A
United Light & Power common
$3
2,600
7
67
64%
—•
preferred non-voting
Option
warrants
1st $7
United
Jan
Gas 3%s
Rys 5s
S A Chicago
5% July
Jan
2 Vs
..
United Gas Corp common
1st
2V2
1,000
10%
•
1
United Elastic Corp
$6
3,500
67
warrants
corp
5%
3%
6%
5%
•
—10c
•
20
Cigar-Whelan' Stores.
United
5%
3 *
;i; 109,-
107
9% July
•;
Conv
..
.
1953
—1964
5s.
Power
§ACentral States Electric 5s
1948
A5%s
—...——1954
Central States Pr & Lt 5%s stpd—1953
1% Mar
Jan
25
10c
10
•
100
1
...•
95%
113% 113%
Jf-N
—1968
.—1970
2%s—
El &
III
Central
Jun
Cities
5%
1
Corp
29
85%
*98
J-D
I960
1998
1962
...
Northern
Canada
U
Realization
J-D
1957
;
C
Edison
Boston
6s
Ulen
22%
*
B
series
5s
Cincinnati
Udyllte Corp
warrants—.
Birmingham Electric 4%8
10% July
9% Mar
M
series
Blckford's
Jan
24%
U Mar
2,200
1%
1%
warrants
28
23
1108% 110; ;
M-S
1947
29 *"
26%
95%'
#
Bethlehem Steel 6s
1% July
7
•
18'% Jan
1,400
24
Jan
94%
22%
25
■>
Telephone of Canada—
5s
July
Feb
115
Apr
'
1%
1964
29%
*
130
-
94%
.
M-S
1955
F.)—
(B.
without
5s
Bell
-
Inc
& Sons
•
29 Vi
23
179
26%
F-A
City Eiec 3%s
Atlantic
26%
25%
23
36
25% >26%
29
23
34
<
89%
79%
122
26
! 25%
25%
A-0
1977,
Assoc T Si T deb 5%s A
Avery
Jun
1%
Jun
1968
5%s
deb
AConv
106
Jan
Jun
11%
:
5s
A Debenture
9% July
4 Va
Feb
58
106%
-J
1%
..10
Transwestern Oil Co
320
78
'
.1
.100
.100
preferred
Mining of Nevada...—— ...1
.1
Lux Corp
Tri-Continental
25%
1st
Tonopah
Trunz
Feb
„
26
60
Feb
1% Jan
preferred
6%
Edison
J-J
X23% Mar
10% July
Jun
3%
9%
def teg
Amer dep recs
Trans
Jan
1,200
...
Todd Shipyards Corp
7%
1
7%
~4%
Security Truat Co Ltd—
Tobacco
Toledo
Jan
7%
Exports
Product
Feb
6%
104
88
:t
25
F-A
6% July
128
104
104%
89 Va
1950
AConv deb 5s
124%
1
11
88%
104 7/a
101%
109
108% 108%
104%
109%
'
107%
124% 124%
Elec Co—
&
99
18
A-O
1949
10%
Apr
19%
~4%
& Allied Stocks......
Tobacco
7%
100
10%
Realty & Construction— ...1
Tishman
Tobacco
300
23
9%
10%
...1
Roofing Inc
119
Jan
6 r Mar
v
6,400
9%
9%
23
8
Shovel Co common
Thew
Tiio
9%
...1
Textron Inc
1,300
Gas
J
J-J
4%s
23% July
6%
& Lt
Pr
103 %
2
101
101
"
deb
25
Jan
6%
6s
105
108%
106
106%
51
103% 104%
104%
AConv
Feb
12 Va
114%
~6%
...2
Paper
High
1
107
107
Mar
23%
Low
5
106% 106%
1948
400
January 1
102%
Hiah
'
M-S
4%s
23,500
Range Since
Sold
No.
J103% 104 Va "
/-J
deos
1960
1970
deb
23%
.
Jun
4% July
Bonds
Friday's
or
J-J
8
AConv
Jan
24%
18%
Last
Sale Price Bid A Asked
Jun
5
.100
7% pfd
Texas
Texon
24%
6%
200
6%
11
Jan
Week's Range
Friday
3 VaS
I Associated
6
Jan
77,300
Interest
Exchange
Curb
2%s
Associated
23%
4%
,
American Gas & Electric Co.—
Arkansas
24%
3i#
4 ft
Low
20% May
9%
14% May
„
Period
14'/a July
May
12%
17
1
Superior Port Cement class B com
•
Swan Finch Oil Corp
—..15
Tampa Electric Co common——.
Technicolor Inc common..
—.
•'*
2% July
8%
1%
Taggart Corp common.
;
....*
Jun
500
19%
13%
—Bs
BOND8
July
1,400
Ray Drug Co
Sun
12
'
®
•
—•
Corp.
Jan
16%
15
Jan
2 '/a
200
-
receipts
Jun
Jan
7
7%
11%
Apr
Jun
Jan
2%
2%
2%
deposit
6
3'%
11%
1
Hargreaves Ltd
Jan
Apr
Jun
9
52
;
9
3%
-»
American
Wright
Apr
:.
Jun
15
1,300
12
—
July
6%
111
Jun
12
.—20
& Co new common
Sullivan Machinery
Jan
—
Jun
15%
V
Jan
43%
110
■
5% July
12
Feb
Jun
5'%
■
__
2% July
57
Jan
5
1,500
' 8%
8%
8%
WJ
Jun
2%
Feb ?
13%
300
15
July
V4
Apr
41
;
Jan
10
900
—10
Portland Cement
Woodley
13% July
Vs May
I
53% Mar
_-l
—
81
Jan
7%
1,500
3
300
12
Mar
114
Jan
54
4,900
Va
2%
2Va
13%
13%
(S)
Stroock
695'
81
32
*
preferred
5% 2d preferred
Sterling Aluminum Products
Sterling Brewers Ino
18% July
108 %
75
—
1st
Winnipeg Elec common B
Wisconsin Power & Light 7% pfd."I100
25
Steel Co
6%
Apr
19%
8%
1,500
5%
5%
11%
*
4,900
12
5%
11%
July
14
Jan
14
13%
14
«
IIIi
Heating
1
High
Low
High
Low
Par
Inc
%
12%
•
Co
St
C)
Feb
81
.
•
Oil-O-Matic
Producra
ft Apr
#
-
Willson
"17%
ft
J
of Canada
Stein (A i & Co common.....—
Bterchi Bros Stores..——
Williams
110% 110%
voting trust ctfs—1
(The> Corp
Starrett
(R
Williams
Jan
16
;
Jun
3
Jan
1,700
18%
18
18 Va
100
J
Standard
15% May
25% May
2
550
19%
19%
20
convertible prexerred
Standard Oil (Kyi—
Standard Oil (Ohio)—5% pf<L—
Standard Power & Light
Common class B
2%
2%
'
''
r
Jan
18%
750
500
*
v
Jan
6
900
14
25
.1
$1.60
Products Co
Standard Silver Lead
Standard Tuoe class B
13%
24%
Range since January
Shares
"
■
25
-1
preferred
Standard Dredging Corp common
Convertible
for Week
Range
of Prlees
Sale Price
High
Low
High
LOW
13%
Standard Cap & Seal common
Range since January 1
Shares
of Prices
Sale Price
Par
Sales
Week's
Last
Exchange
Curb
York
New
for Week
Range
Friday
8TOCKS
dales
Week's
Friday
4TOCKI)
York Curb
New
14
JULY
WEEK ENDING
FOR
1944
EXCHANGE
NEW YORK CURB
RANGE
Monday, July 17
FINANCIAL CHRONICLE
<"
/
68
68
62%
3
69%-
107 Va 107%
J-D
8
106%
108%
103 7/8 104V2
-
Af-tf
5
103 Va
106
14
105%
108
1
102%
104%
6
100%
101%
108:-
111
-
107 Va 107 Va
f.
J-D
101
103% 103 7/8
J-J
F-A
"J-D
110.% .110.'/».
1
<
J-J
M-S
83%
3-D
83% •?;,
Af-N
83%
«
*
/116
5
111
Ill
83 Va
„
87
.
106
.
'
72%
A-O
101%
J-D
103
I
72%
96
....
'
120
<111" : 113
27
83%. 86V8
83
86%
.*108'% 110
lOl'/a 102'%-
M-ff
15
119...
*117
M-S
;
101.
72'%
107
88%:
887%-:
88 7%
110
.
*
102%. 103
...
106
5lV
95% 102 V»
"97%
103
-
J.
Volume
'THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4299
160
EXCHANGE
NEW YORK CURB
RANGE
Interest
Exchange
Last
Period
Curb
Sale Price
or
Public
Orleans
Alncome 6s
N
January
No.
High
Low
Nov
A
Y
$108% 109%
Af-N
_A964
Lt.g 4s
.1945
C
w-
J-3
'
90%
88 Va
2
Electric
N
United
Light
Power
514s
1st lien
1st
:
.1971
"
-
"
86 Va
A-O
22.'
102% 103
__
"7;.
108
5
105%
Service
Oklahoma Power &
Pacific
Park
Power
&
4s
Light
1955
5s
Central Lt & Pwr
1st
5s
■
„„
J-D
Pennsylvania Water & Power 3%s_1964
3%s
Elec
5%s
Power
'
..:
'J,
$54%
.
4
57
■'
J:
$107
'..V
4
Portland
5s
Rapid
Gas
4Vis
Coke
&
•
•1^w
55%
40
104%
1950
105%
109%
106
Power
Corp
Public
Service Co
of
106%
108%
108
117
5
of
6%
New
perpetual
Af-S
1964
1949
mtge 3Vis
Sinking fund deb 4s
Service
'Tr-V/'
2
&
series
J-D
106
7
•
Penn
—1954
,'i
1979
4Vis
1951
1970
A-O
1947
3-J
Shawinigan Water & Pwr 4Vis
D
Wyoming Coal 6s
J-D
California
Counties
1st
1957
5
1031/4
6s
3%s
Gas
Gas
1970
A-O
Rys
f
s
L
&
P
11
1371/2
Gas
98'A
Stamped
103
13
10914
127
,34
103%
105%
4
103'/2
105%
105
105
105
1
106
106
v
7
•
$108% 108%
--
1041/2
105
2
105
106
44
104
107
109
:
18
86
85
103%
8
104% 104%
104 3A
721/2
%''
5s
•
V
;
90 Vi
25
8314
911/4
97 y2
58
86%
97%
•'
97»/2
15
97%
46
-96%- 97%
9 7'/a
47
A '97 Vs
97
97
97
-
•
9 714
-
F-A
86 Vi
1
'
Toledo
109%
114 %
118
1
100
101%
95%
95%
4
85
—
$98%
99%
100
1959
3-D
1947
J-D
,
7- ■'
99
100
98%
97%
96%
99
861/2
10
86%
39-'
97%
-97
ALima
Exchange
Interest
;
Last
19'
30
100
96%" 100%
3
3 Va s
:
Bonds
A-O
~
J-D
777
$57
Low
51%
15
77%
$76
80
J-J
$15
*
20
:
F-A
J-J
>
'
; 2014
24%
104%
21
7
6%s stamped_1958
(Peru)
US
17
22
'
1958
U-N
$40%
41
34%
46
1951
3-D
$28
29%
18
28%
7s
;
7s
stamped
Mortgage Bank of Bogota—
A7s (issue of May 1927)..
;7.
18%
18%
M-N
1947
(issue of Oct. 1927)
'
1931
1972
:7 7
J-D
Mortgage Bank of Denmark 5s
18%
10
$39
A-O
.—1947
AMortgage Bank of Chile 6s
33%
$39
—
J-D
36
$16
20
105
(State)
AParana
1958
.—:
J-3
41%
:
.
41%
39%
~8 7
3-3
1921
41%
39%
r
3-D
6%s_.—.1919
Government
A5%8
7%
119
-7
101%
105%
•1
107
-
109%
96'A
101%
31
99% 100
17%
73
33
41%
34
8%
1
3
8
7%
8
.
value, a Deferred delivery sale,
xEx-dlvidend.
sale,
rCash
,
43 Va
:*170
3%
8%
154
3%
8%
.
d Ex-interest,
Odd-lot sale,
"""
'
e
^
Under-the-rule sale,
n
%
.
{Friday's bid and asked prices; no sales being transacted during current week.
A Bonds being traded flat.,
"/7-/V.
/>•.?•' '
.' SReported In receivership.
>
117%
105 Va
100
37
58
$73
U-8
1959
7s
6%sr
Janeiro
de
A Rio
108%
109% 109%
-"v: 7—.
3-D
37
•
16%
"
106%
25
120
70 Va
19%
20
25
105
I-.;,-—. /
77%
30
106%
$119
'7
26
62
I
15
F-A
75
57
16%
,
55
60
25%
74
U-N
High
54
—
65
25
--
777
No.
$57
'/
J-3
Range Since
January I
Sold
High
1952
0V4s stamped
City
ARussian
106'A 106%
106
106
3-J
—1968
5s
23
23
:
Friday's
or
Sale Price Bid & Asked
1953
5s
AMedellin
447/a
29%
Curb
1955
•No par
C
U-N
—1979
Light 5s
Edison
-
105%
1
777/:,,"
•,
,
'7
~
—1956
A
7~
3-J
1960
5s
City Rapid Transit 5%s__ —1952
Twin
'7
109
110 Va
Port & Waterways—
AMaranho
:77.77'/-
__2022
&
97%
52
43li
30
A-O
1946
—
Power
97%
86%
20
3-J
1946
stamped
of deposit.
Btinnes (Hugo) Industries—
7-4s 2nd stamped
Service
98
J
97
42%-
v
87
97%
9714
-"96'A
97
<
A Certificates
Powei
45%
105
108%
5
:
A7-4s 3d
Water
104%
97
A-O
Inc 5s.
(Hugo) Corp—
series
108%
103
89'A
97%
'
.1950
nstarrett Corp
6s
104%
86%
~3
7 89%
F-A
Tide
24%
1
107%
1959
-iyJ7
.
York
Extended
Danzig
10314 103%
A-O
.1957
gold debentures.
,—
Power St Light 6s—;— .1957
Texas
to
—
5%s
Danish
1061/2
108%
$105
F-A
Electric
extended
si-pu
Agricultural Mortgage Bank (Col)—
A 20-year
7s
April 1946
A20-year 7s
Jan 1947
Bogota (see Mortgage Bank of)
ACauca Valley 7s
1948
106
'
105% 106
105%
3-D
Texas
80
9314
A7s
.1951
6s—
Btlnnes
73%
861/4
—
94
105% 105%
A-O
■Standard
*
122
■'
116% 116%
Low
'/-I.
j">
M-N
May 1948
May 1948
6s
Debenture
os
Period
105 V* 105%
M-a
-Dec 1 1966
Debenture
6s
New
105
F-A
.1989
(stamped)
Conv 6s stamped—
*'•"
107
128
F-A
2022
6s
V
44%
—
J-D
113
Electric—
&
42%
105% 105%
$108% 110
-
152
8
7 $92%
105%
J.J
.1970
8s
Spalding (A G) deb 5s
Standard
116
43%
■■V
A-O
.
1960
debentures
Co
rtys
^External
.1951
4s
Southwestern Gas & Elec 3148
Southwestern
115%
111%
Foreign Governments & Municipalities
(Calif)-—
.1971
Indiana
'vi
-7^^
US
mtge 3s
Southern
2030
5s
1944
conv
torn
A
5s
Traction
1051i
102
$80
i-'O
J-3
1965
Edison
Southern
113%
3
Newspaper Union—
109
$126
A-O
3s
5s
Power
California
Southern
3
115
991i
106%
.
109% 110
r
A-O
Carolina
114
115
'
112
92%
2
108
102
7
,*-D
1951
1967
Southern
106%
BONDS
J-D
Scullin Steel inc mtge 3s
South
108%
103
IIII/2
10
150 Va 151
—
102
Af-S
Sheridan
106%
114
'
3-D
1964
6s—;
IA
106
•'
•—.
103% 103%
103%
A-O
1952
series
114
-
M-3
—1951
Electric
Penn
Western
108 Va
8
'
98%
108
M-N
1952
Joaquin Lt & Pwr 6s 3
ASchulte Real Estate 6s—
4Vis
"103
102%
10Q%
V
107
$108 Va 108%
98
J-D
certificates
San
1st
lllVa
102
Jersey—
A
Harbor Water
Safe
Af-N
d3bs
Queens Borough Gas St Electric—
5Vis
F-A
2022
A
Elec 4s
income
West
107 Va
106/
$101'/4 103
7*
77"
110%
4o
105
Colorado—
1st
Public
A-O
1959
4Vis B
(Can)
M-N
High
Co--
series
Ry
108
108%
106% 106%
J-3
1956
.
E
5s
105
Co—
P
•
Low
2
.
—
Water Power 3%s
West
107 V*
1
109 % 109%
if-3
1961
Edison
series
6s
Wash
105 Va
103 Va
.
8
■
$106% 108 %
F-A
.1962
6s
extended
stamped
Poiomac
Transit
106
(Maine)
1952
& Light
Wash
'
Philadelphia
A-O
January 1
1
11014 110%
.
r-
104 Va
-
105% 105%
105% 105%
J-3
5Vis_1952
(Delaware)
A—.v
Power
Debenture
109 Va
102 Va
104 Vi 104%
' ■:
105%
'
.1970
.1972
—
———
Philadelphia
'j
7
Af-N
1979
—
106%
$103% 104
104%
F-A
105
Range Since
'
NO.
Waldorf-Astoria Hotel—
— —
M-N
4%3-a
....
"
3-J
.1964
Lexington 1st mtge 3s
Penn
F-A
.1948
A-O
Sold
High
106 V*
-•106% 107%
F-A
.1962
Water 5s
Rys
series
Utah
110
A5s
Public
Ohio
1959
Light & Railways
&
Bonds
Co—
Lt
3
Friday's
or
J-D
cons
United
105% 105%
■
Week's Range
Last
Sale Price Bid & Asked
1949
United
104%
102%
,
4s
95 Va
,
109% 109%
109%
A-O
3s
mtge
Af-N
.1968
mtge 3%s
&
&
J
107%
104 %
68
5s
Power 1st
Ohio
Interest
Low
111
107
91
Friday
Exchange
Period
105
108%
—
104% 105
3-J
.2004
Continental Utility 5%s— .1948
Ogden Gas 1st
Curb
High
100 Va
14
100 Va 100%
100%
J-D
1949
& Gas 3%s
Westchester
&
North
York
1
United
'
N
New
Range Since
Sold
Service—
series
Elec
Y State
14
BONDS
Bonds
Friday's
Bid & Asked
Low
New
JULY
ENDING
Week's Range
Friday
BONDS
York
New
WEEK
FOR
25$
.•
117.,.
"
Abbreviations used above—"cod," certificates of deposit;
"cons," consolidated; "cum," cumula¬
tive; "conv," convertible; "M," mortgage; "n-v," non-voting stock; "vtc," voting trust certificatea;
"wl," when issued; "ww," with warrants; "xw," without warrants.;
OTHER STOCK EXCHANGES
RANGE
FOR
WEEK
JULY
ENDING
14
Friday
Baltimore Stock
Week's
Last
Par
Sales
«
Range
Sale Price
Sales
Week's
Friday
8TOCKS~-
Exchange
Low
Shares
,
High
4%
-
-
;
r
•
iy-'H 3'i* ■'&"'■:?* 1 •'*
for Week
-
of Prices
~
Range since January 1
Low
5%
-
High
'
Last
■7"
.:.7777[7'
Arundel
Preferred
t
v
common
4 Va %
•
c
Low
16
16%
Deposit
_
..
2.337
—
20
6%
Trans
Jan
2.15
Jun
11
July
Apr
69
Miners
&
New Amsterdam
Water
Penna
U S
*
Jan
146% July
139
Jun
150
43
Jan
46 Va
29%
350
27
Feb
31%
100
27%
Jan
30% May
32'/a Jun
26%
70
24
Apr
26%
Jan
Isle
64 Va
65
230
63
Apr
66%
Jun
Kennecott
37%
38
317
35
Jun
41
Jan
Lamson
'
Power
&
•
2
Casualty
0
common
1-50
Fidelity & Guar
*
38
Jun
64'A
1975
5s series A
63%
70
71
-
$63,500
32.500
•
1
•
National Stores
First
Capital Corp
General
40
71%
18%
54
100
71
18%
'
13
STOCKS—
Sale Price
Par
51
Jan
--
42%
10%
12
2.785
8%
Jan
12 Va
Apr
30
386
28%
Jun
327/a
Jan
13
219
8%
Jan
13 Va Mar
43 Vs
261
35%
Jan
43 Va
July
40
31.18
Feb
35.15
July
7 12%
1
*
40%
34.94
35.15
39%
1.627
33 %
May
13
13%
"552
7%
Jan
137/a
100
5%
Apr
6%
Jan
1
Jan
2%
Jun
59%
Jan
71
Razor Co
Hathaway Bakeries class A
•
15
Royale Copper
!_
Theatres..
Boston
5
50
common
6
1%
7: '33%
•
Copper
Corp (Del)
preferred
6
1%
—
~4%
4
680
34
•'
4%
32
July
100
Maine Central RR common
500
•
16%
5
100
preferred
Associates vtc
Util
30%
American Sugar Refining
American
Tel
100
100
Tel
&
16%
Jan
1.7% Jan
365
3%
Jan
325
5%
23%
Jan
100
60c
Jan
47%
Copper
Inc
Boston
St
Boston
Edison
Albany RR
Herald
&
class
8%
class B
1st
A
stamped
pfd
*
...
:
pfd stamped
Boston Personal Prop Trust
;
&
Cities
Providence
&
645
24 J/4
Feb
16%
200
11%
Jan
I
112%
75
96%
Jan
36%
Gas &
Jan
Apr
Fuel
9% Mar
28
July
16% July
115% May
For footnotes
see
Pacific
page 259.
16%
17%
12c
12c
100
5c
2
800
Jan
350
7
11%
58
Jun
10%
Jun
Feb
1
33
100
108%
36c
104
33
108
36c
17% July
May
15c
Feb
104
130
2
24%
350
34
108%
103%
1,000
40c
Jan
July
30c
Feb
Apr
Jan
34% July
109%
Jun
46c
Mar
25
104
98
'
Jan
25%
Jan
40%
31% July
39%
RR
Pennsylvania
Mining
Reece
_
II
Co
II
Machine
7%
pfd—
I
1—25
39%
39%
71
30%
Mills
30%
31 %
1.060
2
2%
350
1 %
2
1%
60
1.305
32%
Jan
36% July
68%
70
464
66%
Jun
105
Jun
22%
175
19
Jan
22% Mar
Shawmut
41%
40%
42
1.519
26
Jan
42
Suburban
8 J/4
8%
8%
687
4
Jan
8% Mar
7%
7%
7%
20
5
Jan
8%
8%
7
5
Jan
8%
Feb
Union
Twist
7%
7%
160
5%
Feb
7% July
United
•
Drug Inc
9
9%
530
5
Jan
91/2 July
United* Fruit
10
12
Apr
1%
14%
10%
10
25%
Jan
86c
Feb
2%
1
Jan
1% May
Jun
Feb
8%
1%
14%
Jun
74% Mar
21%
10
100
•
Folding
69
35%
35%
1C0
"7%
100
*
9%
13%
13%
13%
31
30%
31
.5
7
7
16%
510
281/2
6
July
14
Jan
Jan
42%
Rutland
RR
Webster Inc
'.;7%
Feb
424
16"%
84
13% Feb
6%
U
S
common
Co
3%
Machinery
preferred
common
—
...
i
Apr
Jan
27%
28
25
11% July
7%
28
~
140
32
310
May
4%
36
July
Apr
Mar
23%
Apr
17
17%
90
12%
Feb
17% July
88%
85%
88"%
358
75%
Jan
88% July
78
75%
78
450
69%
Jan
78
44
44
42
Jup
44%
51%
52%
40%
Feb
53% Jun
5
.10
15
2%
34
1% July
Jan
50
33%
25
12%
994
34
•
195
3%
5
.
Co.
-
;o%
•
Drill—
Rubber
•
% Mar
135
1%
15
25
158
28% July
July
Feb
17% Mar
Waldorf
100
66%
65
66%
625
56% Jan
69
100
41V4*
40
41%
200
32%
41% July
Jan
Elec Securities
Shoe
United
4
Assn.
Torrington
Feb
May
7%
Associates—
—
16%
1%
1% Mar
164% July
/
22%
_1C
4V4% prior preferred
6%. preferred
280
100
Northern RR (N. H.)
Quincy
.10,0
RR
Hecla
Service
Eastern
28
16%
{00
1st
167
10%
2.50
—
100
.100
,.100
1st preferred
class D
Calumet
27%
112
57%
10
•
England Tel & Tel
Stone &
Stamped
class C 1st pfd
Boston
7%
Jun
RR—
1%
10%
155 7/8
95
45
New
North Butte
•
prior preferred
5%
Feb
1.693
100
Traveler Corp
Maine
162% 164%
29
9
163%
100
...
Elevated Ry
Boston
1%
42
High'
\
8%
25
Boston
Boston
Low
44%
55%
10%
England Gas & Elec Assn—
5%% preferred
Range since January 1
High
•
Anaconda
Son
Shares
Mines
Feb
36% Mar
-
Jan
55%
—1
Cos
&
6
Jan
New
*
Woolen
&
44%
for Week
Tunnel
~-
5
Service
National
Jun
4% Jun
34
60
/
31
1
34
Feb
Jan
1
Nash-Kelvina tor
National
Sales
1
Jan
2%
Jun
25
*
Linotype
Narragansett Racing Assn Inc
—50
American
Bird
of Prices
1
25
39 Va July
12
32
16%
25
20
641/4 July
Exchange
Low
Mar
21% Mar
38%
Mergenthaler
Range
77
Jan
29%
11%
•
Last
Feb
Jan
"
'
"
Week's :
105
•
5%
Friday
6Va Mar
Jan
•
Mass
Boston Stock
Jun
92
Gillette Safety
Loews
1975
•
71%
4%
70
General Electric
Bonds—
4s—
100
100
1.582
101% 101% '
Jan
6%
Baltimore Transit Co
common...
Association
Engineers Public Service
115
72
46%
:
Inc
Group
Employers
26%
31%
Lines
SS
Eastern
31%
77
B
101%
Mar
•
pfd vtc.
preferred
260
116%
140
45%
28%
■
100
100
com
pfd adjustment
5%
105
116"
25
Merchants
64%
60
140
140
10
Houston Oil of Texas
68
18
Apr
Apr
7
6%
High
-
1.00 May
362
11
67%
100
_
Co
Fidelity & Guarantee Fire Corp—
14%
1.210
16%
1.95
10
*
com
Low
High
Street Ry
Mass
1st pfd series A
6%
Range since January 1
Shares
1.80
1.80
10%
preferred B
&
t
v
c
Consol Gas E L & Power
Fidelity
Par
•
Corporation
Transit Co
Bait
;'7; 7:7/
7 ;'77:/7
Eastern
for Week
Range
of Prices
Sale Price
8TOCK8
Mar
Warren
•
System Inc.
(S
D)
Co—.
;
Westlnghouse Electric <St Mfg
12%
12%
5
10%
Jan
•
27%
27%
1047/a
50
201/2
Jan
140
91%
Feb
80
104
12% July
27'% July
107%
Jun
THE COMMERCIAL &
254
Monday, July 17
FINANCIAL CHRONICLE
1944
OTHER STOCK EXCHANGES
WEEK
FOR
RANGE
JULY
ENDING
J4
Friday
Chicago Stock Exchange
•
Sale Price
stocks—
Bearing common
Ball
Aetna
Bastian-Blessing Co
Mfg
Belden
Co
Corp—
Corp common
Aviation
Bendix
& Wire class
Fence
Ring
Piston
Burd
common
Brothers
Butler
convertible preferred
Castle & Co (a m) common
Central Illinois Pub Berv $6 pfd
Central 111 Secur Corp—
b'/o
Common
i
Preferred
Co
Belt
Chain
common
Chicago
for common
Vtc
Preferred
i,
w
8%
Jan
Jan
41%
10%
10% j
Jan
11
50
16%
Jan
20%
750
34%
Jan
19%
4%
26
26%
300
714
7
7%
300
4%
4%
200
28
Jan
21%
20
Jan
22
97
99
160
88%
Apr
99
Co
Crane
104
103
cum
Inc
2314
common
class b
27%
New York Central
93%
Jan
23%
f
45%
13%
5%
1
;
500
*•-
(new)$s.
Mar
Pullman
23 v4 July
Pure Oil Co
5% July
10^4
Jun
Apr
45%
10%
Jan
6% Mar
40
July
40
40
11%
1,800
36%
34
36%
650
20%
27%
27%
200
17
11%
11%
100
10'%
Apr
12%
12%
12%
200
10%
Jan
94%
93>A
95 J%
750
39
Feb
48%
48%
48%
50
44'%
Jan
3'%
Jan
Jun
•.'■v.;
43'% July
65%
v
650
4%
4%
43
•;.
300
43%
36 %
Feb
4%
12
13%
13%
66
-
49%
49%
.
14%
Feb
49%
15
21
Jan
■
;
8'A
Apr
1,000
9'A
Jan
12%
14%
120
Feb
1
19 J/4
50
3%
800
.
l'A
17%
18'A
Feb
Feb
Jan
14%
35%
81%
31
81%
150
590
200
50
Jun
__
35%
.__*
\
•
__
5
.
v
'
—
—
*
„•
23%
Indep Pneumatic Tool v t c—
•
Indianapolis Power & Light common—*
Steel Products common
1
Indiana
Steel
Harvester
Internat
'
capital
Co
20
/
,
Switchboard
Co
—
Oil
Refining
capital
class a—
Co
McQuay-Norrls Manufacturing
McWilliams Dredging Co common
Field
Marshall
common
Midland
Corp
July
68
,78% July
18'A Jun
100
18 '/a
1,050
13J/a
uan
6%
150
4%
Jan
6%
Jan
7
7 J/4
1,050
6'A
Jun
8 J/4
Mar
50
50'%
80
47i%
Jan
3'%
150
1%
Jan
7
f-—'
■
3J/2
5
Apr
50'% July
•
2,500
50%
Apr
63'A July
*3%
Jan
100
26 Va
Apr
8% July
29% May
100
11'%
Apr
14
14
t
5%
350
27/a
Jan
1,650
8'/a
Jan
11% July
7%
1,750
4'%
Jan
7
July
69
8%
44
Apr
69
Jan
150
100
62
50
65'%
«
>
—
—
1
5
" 16%
•
20%
__
1
♦
•
•
—
5'%
37%
17%
;
■.
7- 11%
19%
31%
19%
-
:
—25
66%
6
39%
10'a
20%
17%
20%
28%
51%
<17%
<
—
.
c-11%
<
70%
49%
*
—
-
—
7*
10
11%
.
32 va
'
9
Last
v:;
*
100
100
a
prior lien
lien
prior
<
Products—.
4% "
1
-1
-i:
4%
35
$1
Monroe
Chemical
common—!
Co
Ward & Co, common
Nachman Springfilled common
National Cylinder Gas common
Montgomery
u,
21%
21%
150
18%
Apr
21% July
37
37%
150
22%
Jan
38%
c43'%
16'% May
18%
12%
200
17%
17%
1,350
45'A
300
38'A Mar
,6%
ll
350
5'% Mar
11%
Nat
Pressure
National
Cooker common
Standard
cap.
13
8% May
Jan
s
16% Jan
stock—.
Jun
7
4,200
West Util
Nor
Nor
Bancorp
West
7%
pr
*
100
common
37%
lien pref—
Nunn-Bush
Shoe
Omnibus Corp
—100
:
common
common
l.
:
2%
6
5% Mar
15
see
page 259,
18
8%
Apr
Jun
»
12
16
Apr
28% Mar
Mar
July
21% July
32% July
52%
Feb
14
Apr
20 Va
July '
July
40% Feb
53v2
July,.
58 va
v
for Week
Shares
Range since Jannary 1
Low
12 v2
10
32%
311
25'a
4%
200
4
!
113
/;
7% May
3'a Jun
K
8
Apr !
34%
Feb
119
3%
100
2%
J01
Jan
85
:!■
8%
.•
7%
Apr
9
Mar
4
Feb
3% Mar
107% July
*
Jan
.99
:
Jun
6
*
Feb
100%
High
>.
•;;12% July
Feb
108 % May
22%
9
Mar
80
'79
162
72
Jan
80
July
23%
385
17'a
Apr
25% July
94
Jan /
7%-
7%
325
5 V4
13%
125
10%
32
32 va
125
30
68
68
68
July
.38
38
29
Jan
40
Jun
44
44
39
Mar
45
July
•
44
12%
-
111
21
.
•
.5
15
-
50
12%
111
v;
10%
107
10
Jan
8
May
Apr
14
July
May
35
Jan
69
,;
Apr
12 %
Feb
111
Mar
Jun
Jun
36
35%
36%
427
31%
Jan
36% July
23%
22'a
23%
105
21
Jan
25
May
14'a
14 V*
100
11
Feb
14 v4
July
1
57%
58/
•
3va
2V2 May
Apr
Jan
4
100
17
17
10
10
10
40%
Jan
12
13
478
8V4
Jan
39%
40%
150
740
58% July
4
Jan
45%
4
4
*
"
10
•
50
Preferred
52%
786
45%
*
Card
58%
IV2 July
25
2
2
._*
l*
22%
Mar
Apr
45% July
*13
July
35
Apr
12
Jan
17% July
15
Jan
24% July
40 %
July
Unlisted-
City
General
&
17'A
23'A
20
4%
65 Va
5
313
66
240
51%
Jan
66
•
31%
33%
72
28%
Jan
33% July
*
50%
51%
6Q
43%
Apr
16%
•
*
4%
10
65%
Fuel
Gas
Motors
Standard
16%
22'%
25
Mill
Rolling
Ice
Brands
Roller
Bearing-—!-
'
-
3%
Jun
5% Mar
July
51 %
July
Jun
14%
1.200^
5% Mar
15
Jun
2%
,
Cleveland Stock Exchange
Jan
11%
Feb
31
28
50
200
.
2V4
41%
,
3% Jun
Apr
48%
Last
Brewing
Corp
of
100
14%
Jan
17%
250
11%
Feb
13% July
14%
150
12
Apr
14 %
Clark Controller
America
City Ice & Fuel
Feb
July
32 %' Jan
38
July
Cleveland
Cliffs
33%
350
41
July
Cleveland
Elect
Jan
20%
20%
20% Mar
Cliffs
26
300
19
Feb
26
Eaton
,i8%
19
450
16%
Jan
20% Mar
122
.60
120
50
17% Mar
_
95
..
122
Jan
July
July
33%
Xl4
10%
140
34
13%
30
xl4
9
300
11
:'***
22
"""
v
'*
"Jan
Feb
May
34
1
Mar
Low
;
Shares
Range since January 1
&
Iron
preferred-
111. $4.50
pfd_!_— —-*
11
Lamson
&
Feb
52
14%
Jan
251% July
21'A
1.260
18%
Jan
22%
Jan
85'%
545
63
Jan
85 V2
July
111
Apr
115'%
Jan
83
-
-
113
18%
'
113
'18'%
19
a49Vs a49'%
53
<
53
3.
131/4
May
19
July
10
41
Jun
50
Jun
145
50
Apr
57
Jan
Feb
1.390
Apr
33'%
»
&
Tr
Sessions—
*
i
«
—
21V4
33%
165
31
34'A
Apr
21
22
403
20'%
Jun
23
Jan
a26% a267%
:
—
Lime
83
'
#
L___
Laughlin
Island
,
-5
—*
—
.
Kelly
407/s
274
21
m
High
40
a22% a23%
»
_
Interlake Steamship
Jones
LOW
High
a51'% a52
•
'
_
Controller
Machine
3
—
Corp common
Manufacturing
Slectrical
14% Jun
July
Sales
for Week
*
Par
13%
850
Range
of Prices
<Jun
16%
41
/
Sale Price
STOCKS—
13 Vb
38
Week's
Friday
Jun
July
3% July
Apr
500
3%
48
Jan
91/4
100
11%
'
1%
900
3
31
*
•For footnotes
:
Printing
Jaeger
;
51% July
Feb
21% Mar
18% May
Util—
preferred
Jan
15va
*
1,
b
Playing
s.
25%
*18%
29
Va Mar
fs Jan
850
40
*
Northwest Airlines Inc common
Feb
13%
,
*
1
American
1,050
37%
20
North American Car common
20% Mar
23 v*
4
8%
*
14V2
5
17% July
Apr
Jan
71/2
*
—
16'A
10
20% May
11%
15%
;
300
550
105% 106%
100
—
—
class
Columbia
H'% July
Feb
—!
a
Pumps
July
14%
3'A
13%
10% July
450r
107% 107%
1*
& Gamble
17% July
51'% May
Jan
21%
47
2
Neblitt-Sparks Ind Inc capital-
Northwest
•
*
1
39% July
Jun
21'/a
11%
*
Jan
Apr
•
Randall
Jun
31
10
_*
prior preferred
Mfg common
Modlne
6v«
Jun
Jan!
7
13%
,_100
pfd
—>
Procter
July
17%
class
National
8 'A
11%
Investment
Manischewitz
6'%
14
2%
July
32
10
'
Miller & Hart Inc—
Common
66% July
3%
v
107%
.
l*
-
Rapid
14
21%
Jan
4
;20 ■"v106%*. 8V4'
50
•
~ -
;
Insulation
7%
—50
*
Lunkenheimer
Apr
Va
70% July
56%
8%
*"'4%
8
5
:
—
32 %«
*
-
1st preferred
Feb
9%
28
Jan
High
!. ;/ 12%
,
8
Crank—
Kahn
6%
3,200
12% July
Jan
Sales
!
Range
of Prices
Low
^
——20
part pfd!-—*■
Telephone
".•;:;r
'•••
Par
—
Kroger
3%
13%
Feb
Exchange
Week's
Sale Price
•»:».'
Drug
Timken
preferred
6%
'
300
7
July
56%
550
7//57%' 58%
- 19'a
20
*>..7<;51% ..53%
—
Friday
t.p
&
Hobart
6,200
■
44
^
-
Gibson Art —1
6'%
•
Util
t
8'/a
2,650
Feb
24%
900 *
4,500
2,200;,
17%
12 i
21'a
v —v
common—_——1
;
Ball
Foundation
u
44%
18»A
—
8% July
Feb
34
400
1,350
600
750
310
850
* 1,150
500
2,850
7,100
250
300
28
28 Va
—
.
•
-
12 V*
27%
69%
- 65
5%
38%
9%
19%
16%
,19%
70%
.
•—*
—
o
Dow
6 J/2
7
*
•
•
•
*
5'A July
11%
12
27%
,v
1 v
•-■•■■
common
Crosley Corp
8
8
<
July
6%
12
j
Cincinnati Street'-!—
Jun
4
United co—
Convertible
7%
83
Feb
78%
common
Common
Midland
Jun
6%
*
Mickelberry's Food Prod common——1
Middle West Corp capital
5
Masonite
72%
-
'
3,900
5
—
Cincinnati Gas & Electric pjreferred-100
8'A July
78%
•
Libby McNeill & Llbby common
Lion
100
17'%
May
5% May
"
•
common
McCord Rad & Mfg
16
300
Jan
19'%
150
7i%
17%
•
50
common
LaSalle Ext Univ common
&
19% July
23'% Jun
*
Kentucky Util jr cum preferred.
Leath
400
17'%
7%
83
Jan
July
81'% July
8%
10%
—
*
Products
Eagle-Picher
7% July
Jan
1
1
common
Katz Drug Co common-
Kellogg
23 J/4
17%
83
31
63%
7
*•
5
*
common.
Industries
Cincinnati
Jun
Mar
4
1,300
7
Jan
29%
-
11%
2
—
—
v/*
; c n
,
Mar
4'%
Jan
10'%
22%
"7%
*
(w b) Co capital
Jarvis
19%
82'%
Apr
Mar
71
69
8%
42
•
*
-
Formica
1,200
7 J/4
18%
100
Illinois Central rr common
Inland
7'A
7'A
10
capital
Brick Co
14%
35'% July
77 =/
100
'
Illinois
Jan
Jun
8%
61%
8%
*
12
33%
29%
.14
61%
1
•
Cincinnati
Jun
Feb
19
■
American
.
Jun
Jan
13%
900
17%
3%
Jun
14%
34%
81%
31
81%
capital—
Cincinnati Advertising
14% July
19'A
13%
<
Baldwin
July
350
12 J/2
17%
3%
400
49%
American. Laundry Machine
;
10'% July
10%
12'A
rr
Brands
Aluminum
.
Jun
12 J/4
17%
17% July
Feb
—
.
/:■
.,
Mar
"9%
14%
Jun
Jan
457/a
:
STOCKS—
July
Jan
191%
750
21
20 J/4
.
16
12'A
;
100
common—
:
July
9
38'%
300
Jan
Jan
48%
*
Gincinnati Stock
s
,
13% July
•
13
50
13%
34%
13'%
33'A- Jun
13%
•
Jan
July
12
Feb
49%
19% May
32% Mar
31%
common
(The)
48'% July
Jan
7
13%
Jan
Jun
July
*
9
9
2%
Jan
,
95'% July.
.
Jan
8
150
12
13 Va
16
Jan
'
Jan
29% July
May
1,000
100
12
2
3,000
11% July
Jan
51%
1,300
66
65'A
50
1,250
20
600
't
Jan
Corp..
8tudebaker Corp
4% July
40%r
V-:
4%
43
-
•
28
Standard Oil of n j——
13'% July
Jan.
*
;
19%
-
27 Va
u s Rubber Co common—
July
40
10%
8
Inc
Standard
13% July
5%, Jan
50
19%
"33%
43
700
Radio Corp of America common
Jun
11%
•
-
*
11*% July
Apr
1,800
Republic Steel Corp common
36%
.:?•
2%
27'%
160
32%
Paramount Pictures Inc
27% July
6% May
7,900
'
Jun
Apr
2
200
>
6%
2%
-
.
108'% July
30%
(Glenn l) Co common
Jan
20%
450
10
102 ;
22"% May
30
2Vz\
"J
13%
_5
compion"
common
Feb
45%
-1
5
1
*
*
Brew Co g cap
Hupp Motors
19
6%
10%
Inc
400
13%
20%
Hershey
26%
,
10
Harvey
Martin
Nash-Kelvinator
50
11%
36%
•
Feb
24
Feb
Feb
6
1,050
10%
17
14% July
106'%
10
-
Feb
Jan / ■
20% July
200
-
Apr
July
13
10%
30%
32%
48%
common
Corp
13% July
650
20% 20%
108% 108%
-v
38
32%
Co
26% July
'
*
common
Iron
Feb
9%
& Dk com
Hubbell
Jan
18%
1,080
Jun
35%
20
—
Electrk;
Interlake
Jan
'f
Jun
5%
Jan
v
__
•
Curtiss-Wrlght-
Jun
5
t
Harnischfeger Corp common
Houdaille
5% July
31
20
22%
*
common—
Jun
50
2%
*
Inc
Jan
27%
97%
Jan
34'A
*
r
50
& Santa Fe Ry com—100
Bethlehem Steel Corp common
*
700
99%
Feb
3%
70
110
2,100
■ -
30%
capital
Copper Mining
13%
99%
85
! 14%
-
—
Atch Topeka
26%
27%
*
•
Horders
4%
20
100
1,100
5% :
36
17
14%
*>
Jun
15
common
Corp
13
99%
Goodyear Tire & Rubber common
Heileman
150
V
97%
5%
Jun
9
Stocks—
Anaconda
Jun
28
Jan
30
30
Gossard Co (h w)
Great Lakes Dr
24%
5%
15
36
16%
*
capital—
26%
13%
10
Fox (Peter) Brewing common—
&
General Amer Transp common—5
General Finance Corp common
1
General Foods common
*-,
General Motors Corp common
10
General Outdoor Adv common
*
Gillette Safety Razor common
*
Bros
3%
2% May
6,200
28
Jan
14%
American Radiator & St San com
Jun
17% Mar
Feb
13%
.
Dredge Co common
Four-Wheel Drive Auto
Goldblatt
98
Radio
Unlisted
General
•
Metallurgical
Connell Dk &
78% Jan
,
200
3%
3%
26%
July
11
Jun
19
55
1,600
Zenith
Jun
62
50
15
common
Industries
26
Simons &
Fitz
115
Jan
13% Mar -i
50
17
5%
15
Elgin Nat Watch co—
Feb
96%
16
3%
•
A——1
,
111%
10
96%
*
Util Corp
10
100
"
26%
64% July
Apr
62
16
Woodall
14"%
97%
2 7
—
Yates-Amer Mach
25'A July
14%
5
:
Inc
.
Jan
—15
Wrigley (wm Jr) co capital
29% July
51%
115
Common
Jan
2 l'A
17
common
common
Wisconsin. Bankshares—
Jun
Apr
6%
100
—
common-—
Oil-g-Matic
1,300
19
common—10
Deere & Co common
Fansteel
Mar
62
—_2'%
common—*-—2'/a
Dodge Mfg Corp common
Domestic Industries- Inc elass
Eastern Airlines Inc —
Electric Household
25
19
Stores
(Alf) & Cohn Inc
Decker
::600
•
Carbon
Williams
Jan
105
11'%
150
5
common
Stores
50%
750
8"%
25V*
14
34%
13%
17%
Street Corp
6% July
Jan
64"%
115
30
Lighting Inc
Curtis
82
29%
59%
115
pfd—100
Common
Cunningham Drug
250
Steel
s
14'A July
14%
8%
25V*
;s
*
common
Utah Radio Products
Walgreen Co
4% July
11%
25 v
19v4 July
Jun
104
28
•28%
20
25
common
Cudahy Packing Co 1%
44%
cj
Feb
Jan
-
25
capital
&
2'%
—
-■>
_!
capital
Carbide
May
500
4%
25
Corp
Wieboldt
4% May
550
-
capital
u s Gypsum Co common.;
% July
63%
Jun
17%
200
17,350
Union
Jun
13% July
Jan
6%
2
common—.
(The)
35
4%
•
i
Indiana
La Salle
Jan
—
•
United Air l Transp capital-
Jun
49%
6%
49
Co
So.
208
July
u
Jan
58%
Co
Corp
Trane
Jun
% Mar
270
19
19
6%
9%
2,250
60
59
49
%
-750
:
%
1
—50
50
pfd part shares
5,300
n
13%
13
19
Texas
29% July
100
*
5
part shs vtc a
of Amer common
"Jun
29%
&
31'%
—
100
Swift International capital
12% July
22
Consumers co—
vtc
Jan
29%
10
Club Aluminum Uten Co common
*
Commonwealth Edison common—»—28
Consolidated Biscuit ccmmon
1
Com
7%
Jan
9
1,400
12%
12%
4%
Swift
100
14%
20
of
35
—
1
(A)
Mar.
35
capital.—5
pfd
Sundstrand Machine Tool common
Jun
27
Jan
22
5%
__:
Oil
Co.
Stewart-Warner
4% July
Feb
3%
900
2614
Feb
14%
100
Feb
24
19% July
&
63 'A
^ 5%
*
—-
Preferred
Stein
3lVa July
Jan
-
Stockyards capital—*
Dredge— v.':
Standard
Jan
56'%
8%
1
common
Works
e
26
600
: 14%
-
Co pref——-_80
common
Common
Jun
Jan
18"%
50
&
150
1,300
• v.
common
94'% July
Jan
79
8%
+'&.
i
common
4% May
31%
8%
14
•
Lathe
g
Spiegel Inc
41% July
21%
Bend
Standard
May
20%
19%
Cities Service Co common
Container Corp
Jan
5
100 "
7
Co
Strap
34'% July
Jan
61%
"
St Louis National
7% July
41%
*
Chrysler Corp
8
1.150,
—
Steel
Southwest
Jun
41
21%
*
*
South
12% July
33"%
7
—
Yellow Cab capital
common—
Chicago
960
250
64%
Common
Apr
20%
-
Towel Co conv pfd-.-,
capital
—
Chicago
May
14
&
Corp class b
3'/a
30%
% 4%
4
;
900
61%
common—*
capital
Jan
24
650
4%
8%
1
-
common-
Sinclair Oil Corp
16% July
300
common
Cummins
Roebuck
Signode
27% July
—5
Flexible Shaft common
& Northwestern ry—
w i
—
Chicago
Feb
Jan
*
preferred
Convertible
12%
20
12%
41%
1
Corp common
Chicago
100
400
41%
10%
1
*
50c
*
*
Central s w Util common
15%
27%
16%
Car
33%
4%
__
1
.
High
Low
33%
,
61%
,_.!*
common
Range Since January 1
Shares
High
31
*
50
100
Co—
Signode Steel Strap Co
41%
10
.*
—*
Sears
4%
100
(The)
.
33%
8
'
(The)
Steel
Serrick
5% July
Jan
3%
2,500
Co
Schwitzer
July
16
16%
Low
10
common
common
Hosiery Mills
Sangamo Electric Co
July
3
"11%
—30
—
preferred
Convertible
7 %
Feb
15%
5
1
10
common
Jan
1%
.
b
Rollins
Jun
2
27
27
£
(e l)
Co
v
4%
650
5
4%
*
*
Common
Bruce
1,210
7%
3
4%
5
a pfd
1,500
6%
2%
1
5
Laughlin Inc common
Borg-Warner Corp common
Brach & Sons (e j) cap
Brown
1%
1%
Jan
Circle
Pressed
Feb
6% July
Apr
1
Potter
162% July
Jan"
4%
13,100
2
714
1
Berghoff Brewing Corp
Bints Mfg Co capital
Bliss &
156%
2%
*
10
*
5
common
common
Radio
Belmont
108
Jan
112%
May
10
5
Mfg a common
& Seelig
Barlow
20%
Co
preferred
Perfect
40% July
50
—3
3
(Delaware)
Aviation Corp
Jun
Apr
162% 162%
6%
6%
——4
Athey Truss Wheel capital,
Automatic Washer common
16%
33 v4i
112% 112%
1
Mfg Co common
Asbestos
50
162%
6'%
6%
Coal
Pennsylvania rr capital
Peoples Gas Lt & Coke capital
Jun
40%
39%
Peabody
15% July
500
112%
°
common
Co
&
Armour
Jan
16%
16%
.1
common
300
6%
Jan
15%
15%
*
Allis Chalmers Mfg Co
*
American Public Service preferred—100
Amer Tel & Tel Co capital
100
Laboratories
Allied
4%
12%
1
High
Low
1,900
6%
5%
614
5
1
Aluminum Castings
Advanced
High
Loto
Far
Parker Pen Co.. (The)
Range since January
Shares
of Prices
Sales
for Week
of Prices
Par
for Week
Range
Last
Sale Price
Sales
Week's
Friday
Week's
Range
Last"
STOCKS—
19
20%
Jan
13 'A
655
27'A July
13'A Jun
-
-•12%
5%
6
793
11
5'A
Mar
Jun
6'A
Feb
,
mmm
Volume
Number 4299
160
THE COMMERCIAL & FINANCIAL CHRONICLE
255
OTHER STOCK EXCHANGES
RANGE FOR
Week's
Last
Sale Price
McKee,
A G
Medusa
class
B
Acme
Refining, new——
Richman
39%
39%
204
36%
21
21
250
•15% Mar
l
„
12 %
u..:—*
.
Bros
*
:
.
Tire
Co
York
Ohio
to
Rubber
U
S
common
;
Jan
Jun
Apr
13%
Jan
924
32%
3%
Jun
37% July
4% July
20
6%
Jan
11% July
General Paint
275
40%
Jan
Jan
240
a42'A
5%
Jan
8%
Jan
75
34
.
Jan
Honolulu
42% July
Apr
a9%
*
a
-•
19%
35
Feb
:
51
Feb
61
18%
35%
Apr
6%
Jan
,126
15%
Jan
17%
Feb
16
Apr
50%
Apr
;
120
20
a21
367
a62% a63%
208
;
•
Jade
Jun
25
Oil
Lincoln
July.
Petroleum
20% Mar
Magnin
20%
(
Menasco
Feb
Mfg CO—
Petroleum
Mt
Diablo
10
Jan
14% July
48 %
222
38 %
Jan
49%
47
Apr
53
27%
Jan
33
Feb
14%
14%
16c
18c
14%
2.035
July.
Jun
May
,
May
16
Jun
Jan
4
Jun
35
Feb
Jan
30
24c
Jun
4c
10
Jan
14% July
43c
1
43c
200
Jan
44c
17%'
17%
609
15%
Jun
17%
al5% al5%
6
.11%
Jan
16% Mar
10
Jan
17% July
17%.
10
,
16%
1
35c
1.20
35c
—
35c
a70c
10c
11c
10.405
95e
400
30c
a70c
/
—
30c
465
17%
1.05
1.15
1
Elec; common
11
July
1%
3,000
13%
*
...
600
1.500
—
._
8%
940
3%
31
lOc
Co
15%
3%
■,
3
200
30%
30
Oil,
Gas &
120
*i
Mining & Dev Co—_.1
Nordon Corp, Ltd.—
l
Occidental Petroleum Corp
;
1
Oceanic Oil Compamy*.
;
—l
Pacific
13%
30%
—
Merchants
63% July
65%';Jun
Jan
2%
.
13%
(I) & Co common.———...*
21% July
.
Co..
Aircraft Corp
Angeles Investment Co—
Jan
7%
Jan
310
a51% a51%
l
Lockheed
Los
52%
Jan
48%
.lOe
....
Jan
Apr
14% Jan
*485
May
3 % Apr
9%
11
__
10c
...
13% Mar
11% May
37
10 V2
1
Corp—*.
Mar
460
50
711
10% July
55% July
8% Jan
20*
a3 %
Jan
30
300
485
a3 %
11
»
—
Company
30
485
a65 V8 a66
a65 %
*
...
Co
Lane-Wells
42% July
10% July
■
Petroleum
~ :
..._i—41
common
Corp.*—.
325
30
^
•
com**—1"
Hudson Motor Car Co...
.39% July
,
Jan
25
20%
a21
•
38%
:
350
/
a9%
al9%
38
291
.,
*
.
••
a39 %
a24s/8 a247/8
i. a42% a42%
—*
—
Oil
2,186
2.50
& Rubber Co
7%
55% July
12
Jan
"
200
14%
—
...
Hancock Oil Co "A"
July
11%
—
Motors
Goodyear Tire
8% July
13
>
1
Corp common.—10
Corp common—
*
Gladding, MeBean & Co.
*
July
19%
Jan
500
8%
-13
15%
225
17%
44 V2
General
11%
1
Foster & Kleiser Co..;
230
2
17%
12%
13%
Farmers & Merchants Nat'l Bank*—100
1%
45
125
12%
—
Equipment Co—jl.S
4%
-
a3S
v
—;
&
Range Since January 1
Low
High
1,040
a56% a56%
Oil Company Ltd "A"
Farnsworth Television & Radio..
503
,,450% a50%
—*
common—
common—
Derrick
10%
—
...—_4
Exeter
Intercoast
•
common—:
Steel
Steel
Emsco
Hupp Motor Car Corp
common„_10
Central common—*.
Oil
Republic
July
July
-V
Industrial Rayon common—:
Interlake Iron common—
New
19
Shares
High
10%
__1
—
Douglas Aircraft Co, Inc—
Electrical Products Corp.
12 %
-
America*
2
7%
a42
39% July
Jun
of
37%
12%
General Electric common——
Glidden
17%
Creameries
21%
Feb
a43% a44%
*44%
»
_
Jan
10%
all
*
^*2
Unlisted—
Firestone
all
_*■
—
—
Weinberger Drug Stores—
Youngstown Sheet to Tube
13%
75
4% i
4%
,v
130
Low
Pat
Jun
17
>
37%
Rasin Paper—
*Seiberling Rubber
___1—*
Standard Oil of Ohio
——Li—*.;
25
Van Dorn Iron Works—,
Jan
18%
-
17
.?■
12 %
a
?
2
—-
River
Vlchek Tool
18%
a
*•
•—
18 %
for Week
Range
of Prices
Sale Price
High
Jan
50
*
National
Tile
LOW
17
18%
•
—„
—
Patterson-Sargent
Range Since January 1
High
Last
STOCKS—
Sales
Week's
Friday
■
Shares
18%
Cement
National
National
Low
*
—.
Portland
for Week
Of Prices
Par
Leland Electric
JULY 14
ENDING
Sales
Range
Friday
STOCKS—
WEEK
39c
May
Jan
75c
Jun
7c
20,000
Feb
14c
33
5,900
25c
32%
32%
1,181
30%
37%
37%
250
24
31
31
32%
1.25 Mar
,Jan "
20
22
Feb
60c
:•
2,200
—
25
Jun
Mar
Jun
Jan
30
Jan
48c
Jan
Jan
33%
Jun
35%
May
'
6%
1st preferred——
Pacific Gas & Elec 5%
Watling, Lerchen & Go.
Pacific
Lighting Corp common*..;
*
Republic Petroleum 5%%> preferred—50
Rice Ranch Oil Company.—.—;
1
Detroit Stock
New York Curb Associate
Exchange
Richfield Oil
DETROIT
Ford Building
Friday
v
,
Week's Range y
Last
Sale Price
STOCKS—
.
Allen
Electric
*
Burroughs
Machine
Adding
Motors
Cleveland
Detroit
et
Detroit
Edison
Nav
common—10
7%
20
:•
Gar
Wood
General
Motors
Grand
Valley
Hudson Motor Car
Lock
Hurd
32
34
9,933
10%
11%
1,212
to
LaSalle
Wines
—
11,040
4%
•
1.265
18%
Jan'y
i3/4
5 850
75c
Jan
7%
21
6%
2,300
ll7/8
2.988
-
'
3%
Jan
Jun
Jan
8%
Jun
Jarf
7% July
21
Jun
* <?
1% July
v
9%
;
De
*
12
11% July
22% Jun
42 Vb
Jan
105
5%
Jan
49% July
9% July
3%
292
30 %
Apr
30%
1,525
29%
Jan
31% Feb
36%
255
34%
Jan
36%
77c
'
•
22%
:
Unlisted
July
Jun
Amer
Rad
American
Sani Corp..
Stan
&
65%
286
52'/a
Feb
65% July
100
2%
Jan
4
2.063
1%
Feb
3%
Jun
Apr
1
Jan
Barnsdall Oil
5%
5%
5%
200
16 %
Feb
22%
4%
Products common—-
May
July
Viscose
Micromatie Hone common—*.
Murray Corp
—
Packard Motor Car
Peninsular
Prudential
Rickel
Invest
(H W)
.
common*—
Tivoli Brewery common.*——
;
*—*
—
Union
Investment;
United
Specialties
—
__v
-3%
•
4%
July
July
Jun
_*
Class
340
5%
685
3%
4%
11%
Aviation
Bendix
_J
July
Jun
.
8%
9;
8%
41
*
11%
a33%
9%
Apr
Jan
:
12
5%
Northern
Interlake Iron
5.700
1 % May
2%
Jan
3% July
International Tel & Tel
5%
1,995
1,100
2%
Jan
6
July
Kennecott Copper Corp*
5 -
255
4%
5%
Jun
5%
Jan
113
825
2%
Jan
6%
Jan
1%
4
<
810
•
,
1%
1%
5.7
5%
6% V 6%
1,700
2.005
4
20%
100
100
98c
Jan
8% July
Nickel
Int'l
Corp—*.
Co
......
Canada...
of
1%
Jun
—
Ohio
Packard
Motor
Car
Co
"
Last
V
-T"."-
Par
Corp—!
-50c
V'
Aircraft
Accessories
Range
Sale Price
STOCKS-
Low
4%
4%
1
Bandini .Petroleum
Company
Barker
common—
_*
Consolidated
4%.
1
Shares
Range since January 1
5%
5%
LOW
14,092
3,415
High
Corp
Barnhart-Morro.w
Berkey to Gay Furniture Co
Blue Diamond Corporation—
Bolsa Chica Oil Corporation—
Broadway Dept. Store, Inc, com—.
Byron
Jackson.
California
Corp common.
'
:
__
•
a96%
-
■
—
<
w
#
•
-
12%
m.—mm
a30%
a24
50%
17%
M
U
——
*
*
Corp of America
Corp—
Sears, Roebuck to Co—
Socony-Vacuura Oil Co
—
Southern Railway Co—
a977/a
Standard Oil Co (N J)
25
Jun
Feb
Stone
42
Jan
1,572
2,225
Jan
1% Jun
2.45 Jun
Swift to Company—.:
Texas Corp (The).
—
2.00
Texas
580
15%
310
21
200
3,700
13%
13%
1,965
24%
24%
678
124
Feb
Apr
Feb
16% Jan
*
22%
Jun
Studebaker
Corp
Union Carbide
see
page
259.
45%
Jan
52
10
4%
600
4%
Feb
5
Feb
17%
a 18%
105
14%
Feb
18
Jun
139
25%
Apr
26% May,
H
1%
5,600
%
Feh
1% July
15%
522
11%
Jan
600
5%
Jan
15% July
8% Jun
7%
9
13% July
24%
U
—
a31%
30
„
Co—.^.—10
-
J
r'f
4
•
'
J
'
30% Mar
260
4%
5
130
32%
4
38%
39%
43%
6%
Jun
825
200
5
Apr
35% Feb
40% May
43
Jun
Jan
July
39% July
43% July
53
Jun
3
Mar
Jun
60
2%
1,090
1%
Feb
45
28%
Jan
45
6%
Jan
35% Jun
9% July
2»A
36
125
25%
Apr
31% Jun
19
310
12
Jan
19%
a33% *34
255
30% Feb
6% Apr
8%
a68%
al8% al8%
854
120
7% Jun
23
19%
200
5%
1,590
20
a30% a31 %
370
50%
1VU.
17%
12
j
48%
Apr
15% Jan
50
470
5%
50%
42
1,781
19%
a23% a24
Jun
32% July
8% July
16%
18
3%
105
20%
509
41
585
9% July
18% Jun
19% July
Jan
Apr
Jan
25% May
26% Jan
Jun
20% Mar
6% Jun
30
May
30%
,
Jun
Feb
24% July
May
50% July
18
Mar
12
July
15%
Feb
2,683
8%
Apr
21%
650
16%
24
200
24
Apr
July
21V* July
244
88% Mar
545
12
Feb
97"% July
14% July
22%
Jan
a97% a97%
14%
28
2u
24%
28
53% Mar
16%
United Aircraft Corp—.......
5
United Corp (Del)..———*
'
10
6
5
50
82
05%
'
Jun
4%
a
190
37
84% May
9% Jan
20% Jan
Rubber
12% July
Jun
Feb
July
31% July
34%
Jun
55% May
10% Jun
630
8% May
13% Apr
a30% a30%
165
27%
Jan
31%
49%
to Carbon Co.*p
.,
For footnotes
38%
50
a57% a58%
25
Gulf Sulphur Co
'
Apr
a33% a34%
19%
Tide Water Associated Oil Co—
S
34%
29% Apr
32% Mar
a30%
Union Pacific Railroad Company—100
United Air Lines Transport**
....5
"
40
a58
30% Jun
5% July
Jun
Jun
a37% a38%
a53 % a53%
245
,_1
—
36% May
12%
8%
173
...25
...
36% May
a31% a33%
25
25
—
Mar
July
33% July
*_
•
*
*
25%
4% Jun
Jun
30
50
Jun
15
635
49%
120
46 Vb
Apr
49% July
37
37
120
33% May
alO%
Jun
July
225
14
to Webster Inc.,^
%
1.30 Jan
33%
28
Inc.—
(Ind)——.
Co
1.80
100
33%
24
—15
..."
ft53%
't.
-
66% July
21
*
*
—
Standard Oil
17
41%
Apr 1
13% May
11%
mi«rn — t- mm
Standard Brands
Jan
Jan ' al
57%
a28% a28%
50
25
6% Feo
4% Jan
—
1
400
4% '5%
a95% a97
5%.
5
16%
a24
450
29%
29%
1
Chrysler: Corporation
Consolidated Steel Corp.
Preferred
2.00
a23
■
*
Cessnn Aircraft CO
2.45
16%.
16%
•
,
1%
1.90
*
«
25
1%
.
2.35-
2.45
1
17
25
'•*
Co——1—
Packing
17
'
—
34%
265
v
a9%
'
Bros
110
283'
15
a9%
5%
5% July
Jan
2
5
21% Mar
66 % V
a41% a42%
47%
Seaboard Oil Company of DeL___
High
18% Mar
20
Corporation
Republic Steel
for Week
-
of Prices
Apr5
19%
..
—
Pure Oil Company — — — — — — — — M — ^
Sales
July
July
15%
17 J/2,
47%
Paramount Pictures Inc
Radio
70
3% May
Feb
220
17%
.
a9% alOVs
•
Inc.
North American Company
Oil Company—
4% July
6% July
Feb
July
67/s July
19%
1
—10
*
Jan
Jan
28
135
a68
North American Aviation,
Phelps Dodge
Week's
Jan
43%
575
a31% a31%
RR.
Pullman Incorporated
Friday
56
Feb
Jan
4%
•
Jun
Angeles Stock Exchange
205
70
4%
8
4
20% July
Apr
18%
Jan
Central
York
6% July
17% Mar
3%
5
35%
*—
Montgomery Ward to Co Inc—...
New
■12% July
43% July
Jun
160
a52% a52%
—
4% July
Jun
12%
24%
225
6
Libby. McNeill to Libby.
Loew's,
Inc
—
8%
42%
675
6%
43%
Railway Co
3% July
2% July
12Vi
120
26%
a32% a32%
5
39'A
Pennsylvania Railroad Co—.—
Los
9
—•
460
l%
20%
...
Great
11%
May
15%
Jun
4% July
Jan
Feb
1%
1
1
5
1
*
2%
Jan
8c
Jan
a27% a28
*
Corp.—.
__
1
*
*
Jan
3%
3.509
•
Corp
/
Graham->Paige Motors Corp
3
300
-
Young Spring to Wire——————
& Southern
Aircraft
Vultee
Cons
0
36%
4%
Jan
800
3%
6%
,
Commonwealth
—
*
567
4%
4
1
..
Goodrich (B F) Co
2%
325
156%
11%
:
Jan
3%
r
3%c July
Apr
Jan
350
a41 % a41 y8
2% July
2% July
3% Jun
1,000
557
..
Feb
*
%c
2c
"May"
1.40 July
15
1%
1%
7c
a46% a48 %
a42y2
Commonwealth Edison Co—.—25
Feb
2% July
2% Mar
5
;
9.750
-
86,000
May
5c
1.10 Jun
70
Continental Oil Company (Del)
Curtiss-Wright Corp —-——
Electric Power & Light Corp—
General Electric Company —...
General Foods Corp
2%
425
a21% a22%
...
Jun
3%
1.40
12%
4%
•
Corp —
Railway
Jun
3%
7% July
10c
Jan
1%C Feb
431/«
Pacific
614
3%
6c
-500
-
6%
15
Co
Canadian
30%
■;
5% May
1>000
'
Borden
Borg-Warner
Feb
v,'..-
9c
66%
26% Apr
350
Feb
"
317
200
July
6% May
Jan
11%
•
3%
12
20
3%
625
7%
ale
7c
——...5
Continental Motors Corp
5%
May
Apr
Jan
26%
Corp.—5
Co
Jun
5%
3%
2%
*
15-
10%
al62%a"164%
2%
.
150
Jun
22% July
18
I%c3%c
a46%
—-5
Co——J.
13 %
3%
2%
1
1
Wayne Screw Products common.
.4
Woodall Ind
common.—.————2
1314
30
6%
1.30
13
9
Jan
Jan
1
Jan
5%
-—-—_•
Warner Aircraft common—*
1%
9
5
r
—1
B
100
May
80
43
Atchison, Topeka & Santa Fe Ry__ 100
Corporation
*
3
1
36c
Jan
2%
65c
100
9c
—
Aviation
3% July
1% July
Jan
3%
Universal Cooler class A——_*
-
1%
Jan
8
272
12
19%
—
5
Co
-.25
Case (J I) Co
—100
Caterpillar Tractor Co
"
Columbia Gas & Elec Corp.
;
*
Commercial Solvents Corp.——1
*
5% Mar
Jan
'$%
3%
V
1.
:
24c
12
13%
7
—5
Boeing Airplane
25
Jan
4.100
1,200
200
2%
2%
2%
common.—:
U S Radiator common, 2
3,675
1 %
20% July
ale
Bethlehem Steel Corp—
78c
Feb
3%
1
8%
5%
2
__1
—1
_1
3%
99c
30
__
1
30c y
13
4
'
__
—10.
*
Sheller Mfg
common—
—Simplicity Pattern common—
Udylite
;
y
1-
common.**—
Standard Tube ,"B"
10
1,
common—-——v.
River Raisin Paper common
Scotten-Dillon common
„
*
common.——
Mtl Pr common
1,
__
*
*
common
Davis
r
1
common—.—__50c
Mid-West Abrasive
tf.955
-
Apr
Feb
6%
al63 %
Corp..—..._14
(111).
1% July
May
2%
3%
—*
1
1%
29c
29c
1-
Michigan Die Casting common
Michigan Sugar common——
1%
1%
:
i
McClanahan Oil common—
Parke,
1
10%
18%
12
....—
Masco Screw
Jan
18%
2,290
4,569
19%
Anaconda Copper Mining Co——50
4
Jan
2% Mar
57c
%
50
20%
13%
19%
6%
*
Baldwin Locomotive Works vtc—
500
10%
July
7% July
20
__
—.—100
American
1,300
10
a23% a23 %
•
Smelting & Refining Co
American Tel & Tel Co.
Armour & Co
?8c
50
Stocks—
7% July
4% July
25
39
a8d% a80%
..
3% May
8%
33% July
Feb
Mining Co.
10
Co.:
10c
"
Mining Co—
.1^
ale
Cons Chollar G & S Mining Co....—1
1.40
Irhperl^l Development Co, Ltd—i—25c
2%c
Zenda Gold Mining Co——
Jan
50c
Jan
Feb
5%
Cardinal Gold
Jan
100
24 %
35%
Mining Stocks—
Jan
300
1,162
1,921
2.501
Black Mammoth Cons Mng
4%
12,325
1
Jun
7%
Alaska Juneau Gold
27/8
15%
1%
37/8
May
24% July
32% Feb
31%
20
Inc...."
pfd—*
Yosemite Portland Cement pfd
10
3%
25
1%
4% July
10
Apr
36%
.J
1st
100
15%
1%
3%
75c
J
—
Jan
7% May
30%
5
Co.—10
700
96c
3
22%
31%
33%
3.640
300
1,070
:
39
71/4
;
14% July
.
__
7%
35/3
99c
Apr
Jan
100
38%
41/3
2%
Feb
27%
10%
3,890
32%
7
43/3
4
40%
Apr
850
30'A
v
2
Oil
Jan
27%
9%
7%
a80%
Fixtures
&
3% Jan
36%
24%
38%
Inc
July
11% July
4% Jan
76
9%
1
—u—__25
Air,
Jan
34
Feb
360
24%
Kamp's H D Bakers,
Weber Showcase
4%
8%
7
6% July
Jan
103
491/2
99c
~
*
4
16%
1
100
26
%
2V2
2%
—3
common
4%
4
__
ly
__1
—l
10
common—4
820
8
Van
4%
4%.
—
Feb
July
Apr
May
28
1,900
•.
14%
*
65%
„
*
common
Mfg
Feb
Universal Consolidated
2% July
15% Jun
3% Mar
West
&
3%
40%
24%
California——.——25
of
3% "
40
—
14%
__1
* V
*
35/g
•—
__
.
Kingston Products common.
Kinsel Drug common
Kresge (S S) common
14%
9%
-7'/a
1
—1
common—1
Brewing
12 %
100
225
26
: j_
10
common
Goebel Brewing common—.
Graham-Paige common—
770
1614
49
-
1
common—.
2,970
3%
11%
.
common—I—1
Brewing
Jan
2%
151/4
6
26
——4
Industries common——31
Finance
Jun
Jun
9% July
37% July
1%
11/2
f
11%
Products common—10
Frankenmuth
Jan
20s/8
^
__
Federal Motor Truck common—*—"•
General
27%
6%
20%
common
100
7%
8
_
Mfg
410
16
__
Gray Iron—
5
Detroit-Michigan Stove common—1
Detroit Steel Corp common
5
Detroit Steel
gi/4
373/4
2%
3%
Detroit
Eaton
Jan
Jan
2%
__
1
common
1%
6%
147/3
__
*
common-*
100
gi/8
Burry Biscuit common—
—12V2C
Consolidated Paper common—
10
Continental
2
Range since January 1
LOW
High
Union* Oil
5%
5%
a26% a27%
——
Superior Oil Co
Transamerica
Corporatiork
Transcontinental
46
1,720
.»
Sunray Oil Corp.^
373/4
•
1
Brown, McLaren common.
High
2
__
i
Sales
for Week
Shares
,
Low
1
.
common———
Mfg
Briggs
of Prices
.
.
common-
Baldwin Rubber common
Exchange
Jan
3%
.
25
Calif—
of
40%
•
Pacific Co
Co
598
5%
15
6% preferred class B
—25
5%% preferred C
......—28
Calif Gas Co 6% pfd "A"—25
Southern
49%
46
—
So
Standard Oil
Jan
24
—
30
Southern Calif Edison Co Ltd
Detroit Slock
47%
5%
£.1
...
Telephone: Randolph 6530
31% July
130
46
46
*
*
Ryan
Aeronautical Co—
—
Security Co ———
Shell Union Oil Corporation——
Sinclair Oil Corporation
Solar Aircraft Company
*
Sontag Chain Stores Co, Ltd
Chicago Stock Exchange
Exchange
Corp common
37% July
Jan
48%
a31% a32%
25
_*___10
Pacific
Member*
New York Stock
Jan
30
48%
__25
1st pfd—
Indemnity Co.—.
19%
a 10%
20
16%
16%
215
82
82
315
all0%all0%
a29% a32
30
30
43
20
37
July
Feb
July
13%
Jan
157/a July
78%
Feb
82
July
108% May
108% May
135
22%
Apr
29%
669
26%
Jun
30
July
1% May
2
July
60
Jun
1%
600
a50% a53%
175
1%
'
43 %
Apr
Jun
THE COMMERCIAL &
1944
Monday, July 17
FINANCIAL CHRONICLE
OTHER STOCK EXCHANGES
Week's
for Week
Shares
Last
STOCKS
"15
Pictures, Inc—,—
Bros
14%
100
United States Steel Corp
Warner
52 %
Co—
Co—
Willys-Overland Motors Inc
Union Telegraph
Western
t>0
Fireproofing
42%
Feb
52% July
National
Radiator
Feb
6%
Jun
Par
Wheel
Budd
162
13/2
& Light (wd)_
Storage Battery—
Electric
1'
1
Motors
General
Engine Co
Jacobs
Aircraft
Lehigh
Coal &
Lehigh
Valley RR
& Light
—"J}
50
50
11
5
Jun
'Tonopah Mining —
Transit Invest Corp
13% May
562
39%
Apr
common—
51%
Feb
66
2.977
47%
66
4074
*
Feb
*
—...
8%
110
4%
Jan
5%
Apr
4%
Jan
7%
20
5%
4.313
26
4.219
31%
30%
19%
4.492
20%
25%
170
23%
116%
Jan
22
25%
Jan
79
Jan
34%
36%
365
25%
Jan
Feb
18%
19%
Last
Mar
16
Jan
20
10
32%
Jan
38% May
"
38%
38%
42 %
42%
118
38 '/a
Jan
43
58 %
210
53%
Jun
60%
Jan
1%
V2
1.400
1%
1,116,'' :•■•,:, 1% Mar
1
585
1%
1%
36%
1%
15%
15%
1
8.592
45
1
>
Jan
37
.
Emerson
Hussmann-Ligonier common
15% July
Jun
Steel
Co
Blaw-Knox
f
Byers (AM) common—
Columbia Gas & Electric common
Low
29%
24 %
90
7%
55
10%
10%
\
15%
15%
13
4%
19%
•
r-10
4%
4%
965
High
3%
Jan
Jun
19%
19%
325
16%
16
301
14%
Feb
19%
100
Koppers Co preferred
Lone Star Gas—
—-—.
15%
235
20%
102% 103
103
9%
19%
16
104
8%
8%
675
Inc common.!
...
Aluminum common...
St
L
Pub
WEEK
Power & Power
preferred
preferred
Oil Co
7%
ENDING
JULY
Ajax Oil & Gas
Aldermac
Corp
Ltd
Aluminium
38%
42%
12,920
27
Apr
3% July
42% July
85
50
58
Jan
85
July
9c
1,000
7%c
Jan
14c
May
Armistice Gold
Astoria Quebec
„
Bathurst
*
100
common.....^-....
class
Bros,
Class
1
Bell Telephone of Canada
.
Blue
Ribbon
Bobjo
Mines
100
1
___
—
Bldgood Kirkland
Gold
_j
preferred..
!—
Ltd_
Feb
5.75
8.05
Jan
1.10
17c
May
3,540
24 %c 28 %c
56,950
8%c
28c
85,150
3,730
15c
15c
16c
7,950
17c;.-
17c
•18c
British
American
7
■:
■;•,
5
'
20c
British
Apr
Canadian
Bank
31 %c July
Canadian
Breweries
1.04 May
4.40 July
Canadian
Jan
ADr
24c
Columbia
Packers
_
2.32
12
230
May
236
Mar
New
3
10
Jun
3%
100
2.85
275,305
155%
36c
1.70 Mar
151
Apr
35,600
5
12 %c
12c
16c
30,200
25c
25c
26c
7,530
13
12%
22%
8%
,
24%
60c
May
9% May
2.45
Apr
23% July
157
1.50
11
Jan
67c
43 %
Jan
50
6%c Mar
Feb
20c
Jan
31
30c
17c
28 %c
7,370
11%
Jan
13
21%
Apr
24%
7%
Jan
8%
10
23
955
21
26
27
365
22
22
22%
345
19% May
1.85 May
8%
23
22%
*
26%
•
22
.
Mar
Jan
2%
2%
5
1.25
1.31
115,330
69c
Jan
83c
85C
13,700
70c
Mar
7%c
6%c
8C
Preferred
of Prices!
•
5.70
5.00
•
7%c
1.30
1
Brown
•
Buffalo
Porcupine Mines. Ltd
Oil Corp.
Jan
July
Jun
Jan
Mar
July
Apr
July
Jun
Ankerite
Gold
Mines
July
Mar
Apr
Range Since January 1
Shares
Low
4c
3%c
1,000
•;'-,v'
•
High
3c
Jan
5c
;:
,
11
100
10%
Apr
2.05
9,775
1.70
23c
•
18c
9,200-
8%c
300
41 4%
114
81
49
15
25c
103
Apr
6%
Jan
112
Jun
61
Jan
Jun
6% Jan
/
V
93/4
May
115
Jan
50
43%
Feb
9%C
;
Jun
57%
35
875
2.24 Mar
May
110
30
60
9%
■:
May
6%c May
540
6
Jun
11% Mar
Jun
Jun
Jun
Jun
8%
20
8
Apr
10
90
Jan
12%
516
9%
Jan
12% Mar
■
■
345
31%
Jan
39/
60
Jun
July
67% Mar
18%
Jan
22
65
39
,
65
30
22
;
100
8%
101
Jun
July
July
5
30
5
May
6
95
150
91
Feb
96
Jun
133
133
135
158
128
Apr
136
Mar
7%
7%
8
1,875
5
43
43
43%
405
14%
14%
14%
325
23
23%
25
16%
17
'
'
1674
•
10
10%
27
27
27
27
67
41%
41
43
"lOO
______
•
Co
•
Products
155
153
19%
19%
:
.
> 8% Mar
Jan
45
Jan
14%
Jan
24
Mar
12
Jan
v-18
July
Mar
Jun
8
Apr
10% July
Jan
29
Mar
24%
Jan
28
Mar
35%
•
Jan
45
Jun
155
Jun
20
Jun
61
Jun
141% May
25
155
'mm~m
"
'
..
25%
740
•
common
Dredge & Dock
:
5
27
.
87/e
1,675
27
•
Jan
Jun
22%
40%
,
430
-
10V4
15
Jan
44
180
Mar
■
60
I;
*
A
Class "B"
Canadian
Oils
60
75
6
6%
200
5%
Jan
6% July
150
5%
Jun
6
July
Jan
71
July
—_
Canadian
Wirebound
Cariboo
Gold
Ry
6,650
19
20
30
100
141
141
141
45
13%
13
14
22,660
8
20
Boxes
—
1.72
1.C5
2.40
80
1.72
1.00
1
2.30
2.30
1
Mines!
Gold
20
20
1
1
Quartz Mining
Patricia
140
85c
—25
•
Castle Trethewey Mines
Central
71
80C
.
'
Pacific
6
6
67
82c
8
common
Preferred
6
67
•
Gold Mines
Canadian
6
•
Locomotive
Canadian Malartic
Canadian
'
'
8
15c
15c
8% July
Central
Porcupine Mines
Chateau
Garden
4
Chemical
«
_1_
Wines—
Research Corp—
III1
23%
Jun
Chesterville Larder Lake Gold Mines__l
27
Jun
Chromium
24%
Jan
Cochenour
Apr
Cockshutt
3
1.40 May
93c
.Tan
2,600
4%c
Apr
8%c Feb
6.00
35,065
3.55
Jan
6.00 July
7%c
7%c
3,100
19%
21
605
.
/
66%
60% May
High
500
'
245
Coin
•
Mining & Smelting
Willans
Pldw
Gold
III1
Mines
•
Co__
Lake
1
-
"
-
'
—
—
1.27
Coniagas
Mines
Oomanrum
—
Mines
—
*
Consolidated
Consolidated
Mining &
85c
Mar
18% May
123
10%
18%
21%
Jun
Jan
14
July
Feb
20
May
1.90
1.15
Mar
1.62
18c
10,200
8 Vic
Jan
4
950
2.50
Jan
26c
26c
3,000
1.25
1.38
26,736
21C
4%
3% May
17C
1.18
Jan
48c
Jun
1.72
1.60
2.00
240
2.05
2.24
45,700
1.57
13%
1,222
11%
Jan
95,592
15 %c
Jan
30c 35 %c
1.75
2,600
1.70
1.95
22,700
1.33
15%
^80
14%
Jan
Mar
Feb
Jun
July
38
1.75
Jun
15%
Jun
■13% July
1.15 Jun
1.55
1.75
Feb
May
2.24
Jun
13
Jan
2.00
1.26 Mar
1.60
30 ViC
Jan
142
1.50 May
90C
Jun
Feb
2.07
»
Bakeries
60c
13%
4—5
,
27
12,960
.
'
Broulan
35
v
2.89
3,900
•■•
Jun
12
Jan
31
•; $3,600
'
22%
•
Celanese
Industrial Alcohol
4
:
_25
Food
239
39c
61%
Jan
9%
602
34%
10% July
22
Mar
5
preferred
Canadian
155 156 %
47%
85
__25;
Canadian
Feb
36c
110
12
17
•
preferred
Jun
Jan
Jan
15
21
.
9% May
1
95
■
*
July
2% May
36c
15
3,300
108% July
20%
20
Canadian
21%
11
Old
■•
•
16% Mar
100
1.40
Jan
210
106
2
10%
37
■
•
24 %c July
125
-
Jan
195
16%
5
common
Feb
167,745
9%
11
July
16% July
95
common
Jan
31
1.15
15
121
.100
Commerce
10c
2.25
47%
1.15
3%
of
13%
23%
2.06
130
Jan
12
12%
8
—
Canners
Canadian
Apr
I
»
Canadian Car & Foundry common-
2.32
2.30
Mar
113
8%
•
"A"
preferred
Conv preferred
Jan
2%
class
1st
Jun
30
2.09
__
Oil
May
__
Preferred
245
12%
common
Feb
23c
common-
common
May
158
650
124
100
Bakeries
Preferred
May
July
•
British Columbia Power class A
Canadian
229
24,750
9
100% L00%
8
58c
Jan
*/2c
148
Cable
18 %c
6
3%
2.45
..50
5
May
34 %c July
148
16
;
275
49
——
"B"
230
20c
Mar
July
-
40
114
38%
&
Wire
Class
148
15 %C
44
59
I:
Preferred
Canada
3
2.32
Jan
8%
*
Apr
12c
7,266
•
Feb
130
111% 111%
«
Power
Jan
3.20
11
July
230
com"*
Oil
Class "B"
10 %c May
35c
May
Jun
76C
May
55c
40c
•
Light & Pwr
Brewers & Distillers
Dominion
58 %c
12c
_~i
Brazilian Traction
British
Steamship Lines
1
Ltd
Mines.
Canada
35c
5
.
Bonefal Gold Mines
Bralorne
July
12 %c
*
Bertram & Sons
101
1,100
...
Berens River
Jan
23%
1
class A
B
96
'6,500
_*
Beattie Gold Mines Ltd
Beatty
330
90c
Mar
July
Jun
5%
60
*
95
4.25
17
109
15
106
32
22c
"lOO
_
101
80c
16% July
12% May
12
8%c
'•
111%
Malting
Northern
4.00
July
20
109
1.90
«
Packers
9,450
'
50
common
Canada
4,305
Apr
10%
23c
<•
100
Preferred
Canada
1
1.95
»
"B"
Canada
17,500
:
-
"A"
Class
Jan
13c
A
& Radium
Class
Canada Cement
July
72c
21
230
61%
6:
13
8.05
16
360
34%
■V'/: ' ■ !*.«
!;■"'•
24
common
99
27c
*
*
——.
Exploration
Bread
Jan
;
Jun
18% July
16%
12
_
88
15%
Mining..
Power
Class "B"
Bear
July
Canada
*
•
__
206
93
July
16% May
16%
Low
—1
Mines
100
86c
;
__
Oils, Ltd
Bird
133,050
22c
23c
100
of Toronto
Metals
Apr
8% Mar
Feb
Camp
12
69c
Mines
1
Bankfield Cons Mines_.__^.u.——_ 1
Bank of Montreal
100
of Nova Scotia
1.79 Mar
Calmont
33c
7.00
84c
Base
14c
33c
72c
4.00
Barkers Bread
Jun
•
1
Bank
Jan
10c
15c
99%
24 %c
1
—
Bank
1.10
2,700
82c
1
Mines...
Bagamac
3,400
12c
7.25
——
Mines
,
24c
101
1
Gold
#
12
1
Aumaque Gold Mines...
Aunor
Apr
1.63
35c
.
Mines———;
Gold
Arjon
2%
1.55
29 %C
_*
-1
Mines Ltd——
Area
12,654
*
•w
Huronian Ltd
Aquarius Gold Mines
High
3%
12c
Anglo Canadian Oil
Anglo
Low
High
9c
•
pfd-100
common
of Canada 5%
Co.
Aluminum
common......
9% July
497
18%
21
21
61%
•
Calgary & Edmonton Corp Ltd—.*
3%
1.46
60
23
9%
Price
Caldwell Linen Mills 2nd pfd
Range since January 1
80
—1
—•
Copper
Steel
Algoma
Shares
41
1
—
Consolidated—
Pacific
Alberta
.17
Feb
Apr
14
Bunker Hill Extension Mines
Low
*
Acme Gas and
Sales
3%
*
100
100
common
Apr
12
16
STOCKS—
for Week
of Prices
:•?ar
v; '
Abitibl
6%
v
Sale Price
STOCKS—
13
108% 108%
Par
Range
5
220
MARKETS
LISTED
FOR
Exchange
Week's
1.547
17
-22
121V 121
I;*':
25-year conv inc—1964
Serv
Canadian Funds
Last
9%
July
Bonds—
8% July
RANGE
Friday
39% July
40
5
1 :-r:: 12
34%
.15
Wagner Electric common
Feb
Jan
35%
9% July
33% July
16
130
40
;
■
1
Scruggs-V-B
Jun
Jan
16%
•
common
July
1%
Jan
7
170
109
100
Pub Serv "A"
Sterling
CANADIAN
Toronto Slock
_
11
45c
15%
100
100
^
Jan
6%
550
20%
'
—
...*
Goods common
Dry
July
16% July
219
17%
—100
common
108
Jan
16
22
16%
_
preferred '-
St. Louis
May
Jun
7%
965
300
2nd
Jun
33% July
6% Jan
9%
33%
2nd
20% July
Apr
Jan
101
33
;
9%
33%
10
5
10
Mountain Fuel Supply
I
Candy
preferred
preferred
Rice-Stix
% Mar
5
Jan
16
1st
July
11% July
16
July
Jan
13
National
29 %
Apr
•
Duquesne Brewing —
Harbison Walker Refractories
Machine
Low
High
28%
common._25
—
May
12
39%
16%
18%
common.:—*
Preferred
Jun
104
454
1%
9
9%
Bearing
Cement
26
39%
17
20
.......25 "'-,,22-:
common
Metals
11
May
7% July
Apr
Feb
160
10
U
16%
30
23
31 •
108
16%
8% July
Jan
Feb
15
Portland
Range since January 1
108
__
39%
Midwest
5
Devonian Oil
Mesta
Shares
40
110
"
National
for Week
7%
25%
10
Piping & Supply common—*
McQuay-Norris
Sales
Range
7%
common——__
Landis Machine common..
5%
25%
5
com
23%
1%
Missouri
Week's
of Prices
Prod
Clay
370
v!"V- 31
7%
,
.
14%
8%
28%
25%
Hydraulic Pressed Brick common—100
Preferred
100
International Shoe common
•
Jan
8%
__
6%
28%
8%
1
10
1
100
1
*
!—
High
Low
1
—.
Brewing common
Falstaff
July
2%
common
common
Electric Co
Bottling common..
Electric preferred
Century
1% July
Apr
Jun
Inc
Mfg
Coca-Cola
Jan
2
Mar
Jan
31%
1.441
37
1%
Burkart
1% July
}4 May
i7e
American
Range since January 1
Low
High
Shares
of Prices
Par
Feb
56%
Sales
for Week
Range
Sale Price
stocks—
Exchange
Week's
Friday
367/a July
253
CEntral 7600
BellTeletypeSL693
SI. Louis Stock
Feb
Jun
-
Phone
Mar
119
28%
275
Missouri
Jun
393
Sale Price
*
*
*
Apr
July
35%
Par
Jun
28% July
1871
Chicago Board of Trade
Associate Member Chicago Mercantile Exchange
New York Curb Exchange Associate
7% July
5%
29%
Last
Steel
Ludlum
Allegheny
28%
Jun
1%
Feb
31% July
Jan
1.045
b.
117% 118
II'-!Friday
i-
656
21%
St. Louis Stock Exchange
Pittsburgh Slock Exchange
'
80c
Chicago Stock Exch.
Laclede
8TOCKS—
100
July
10%
Members
Laclede-Christy
;;
Feb
New York Stock Exchange
7% Mar
161% May
18% May
10
170
24%
1%
15%
215
6%
5% Mar
Jan
l7/s
27%
28
3%
io%
10%
1%
Established
10% May
100
433
6%
—
——————
•■•
2.515
5%
North 4th St., St. Louis 2,
300
3% July
Jan
3
3%
10%
5%
36%
1 V;'.
•
7% July
10c
Jan
•2c
17,545
10c
8c
4% Jan
200
7%
7
5%
5%
1
common—
July
1%
.—
preferred
United Gas Improvement
■
1
Jun
6% July
Feb
4%
652
47% July
1.720
15%
—
$3
<
I
6%
6%
Apr
15% July
121
Jan
95
66
117% 119
6%
•
___
15% July
104
common——25
25
—
Jan
Edward D. Jones & Co.
July
54% July
619
3%
42%
Feb
12%
117%
v
Air Brake
10
Apr
10
6
;;
1%
25
v
»
Springs
Jun
,,98
78%
10%
:
issued
Apr
7^8
84
Jan
Mar
120
54%
170
Jan
1%
—
common
oil
When
96%
«
Jb/s:
18%
125
St. Louis Listed and Unlisted Securities
July
28%
25
-3
Corporation
Reading Co common
1st preferred
Corp
11
64%
20%
25%
1%
15%
1%
12% July
43%
100
Philco
United
26%
Jan
14%
170
•
preferred
Elec Pow 8% pfd-
Preferred
52
Apr
5Ya
9%
3° >'*
——50
Salt Manufacturing
4.4%
sun
Feb
21%
1.697
7%
5
Philadelphia Electric Co common
$1
preference common
Paper
34%
50
12%
—
Pennsylvania RR
Scott
379,,
24%
14%
100:
17%
53%
10%
Pennroad Corp
Phila
52
—
Navigation
National Power
Penna
22% July
lO'/s
54%
15%
45%
65 %
preferred
Prior
Apr
95%
11%
9b ,a
1%
15% July
164% July
18
11%
10
Delaware Power
Jan
820
50
--
0
156
22 y«
16%
--
Jun
15%
Jun
1%
Jan
14
280
17% July
498
21%
/»
22%
Co
Chrysler Corp
Curtis Pub Co common
Jan
162% 164 V#
AZYf
—
Tel &
American
50c
3.160
High
24%
—*
Tel—————100
Baldwin Locomotive Works vtc--—13
Bankers Securities Corp preferred—50
Barber Asphalt Corp
1"
Budd (E G) Mfg Co common
*
American Stores
Low
1%
15%
*
—-*-1_
Glass
States
Westinghouse
Range since January 1
High
Low
y
United
Shares
of Prices
Sale Price
;
STOCKS—
Steel
Standard
lor Week
Range
1%
15%
'"•
25
Shamrock Oil & Gas common—
Sales
Week's
1%
1
—
<Sc Bros
Mining-
Toy
Range Since January 1
High
Low
> }'
1%
Brewing common—
Forgings
Pittsburgh Plate Glass—
Pitts Screw & Bolt Corp
San
High
15%
"■/
Corp
Pittsburgh
Philadelphia Stock Exchange
Last
Low
10
Pittsburgh
Reymer
Friday
Shares
<1
19% July
39% Mar
Jan
37
237
99%
Feb
93
91
1.992
a41% a42%
a41%
National
535
19
for Week
of Prices
Par
62% July
14% July
al04%
al04
104%
17%
—10
(P W)
Woolworth Company
a
1
Range
Sale Price
STOCKS—
462
52%
Westinghouse Elec & Mlg
Last
50% May
11% Apr
624
62
14%
61%
•,
Sales
Week's
Friday
Range Since January 1
Low
High
High
Low
Par
14
JULY
ENDING
Sales
Range
of Prices
Friday
Sale Price
WEEK
FOR
RANGE
Jun
July
July
2.20 July
16
July
"
Buffalo Canadian
Gold Mines..
Building Products Ltd
For footnotes
see
•
page 259.
5%c Mar
15%
Jan
9%
21
Jan
July
Consumers Gas
Smelting— —5
52%
51%
55%
13,081
_100
133
133
135
209
(Toronto)
38% Jan
128
Jan
~
55% July
135
July
Volume
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4299
160
CANADIAN
BANGE
Week's
Friday
Last
:
<~,L
2.84
62,917
90
15
84
Mar
91
Feb
Moore
24
260
21
May
24
Jun
National
6 V2
50
Low
1.17 May
200
6'/2
High
5
2.84
49
12
Petroleum..
•
15
1714
4,700
12c
Delnite
Mines
1
1.00
1.01
1,500
70C
2%c Mar
—
—_—
Nickel
Denison
Mines
Preferred
3%C
4c
5,500
37 3/4
37%
38
605
—100
Dominion Coal preferred
Dairies
Dominion
Scottish
& Steel
Foundries
Dominion
Preferred
_
Invest
/«■
•
corn-
Dominion Steel class
Dominion
Tar
B_
25
_
_
106 % May
109%
Jan
24
26
Jun
1
8%
500
60
8%
31% July
common—*
*
13% July
Northern
Apr
Jan
2.00 July
Oil
Crest
East
Eastern
Eastern
Steel
1
Mines
Malartic
3%
Jan
;
Grain
Preferred
Ford
common
preferred
6c
7%C
10,500
25%
25%
26
26%
26%
26%
19
19
19
58c
58c
63c
33,600
7.50
7.00
8.20
16,395
v
__—
———
■v
>
5%
5%
15%
15%
•
IOC
Gillies Lake-Porcupine Gold-j.
Preferred
--
50
1
—
Grand
i,
Toy Ltd
&
L-u
Grandoro Mines
;
6c
vtc
Preferred
*
.
Common
1
i
.
Preferred
-i
;•
—
i
*
Gold
Gunnar
Halcrow
'
Halliwell
Gold
Jun
67,500
7%c Mar
9,500
l%c Jan
Hamilton
Harker Gold
6%
15%
15%
*
5%
514
534
99c
95c
1.10"
Hinde &
Dauch
Paper Co—
Hollinger Consolidated Gold Mines
Gold
Howey
Hudson
.
Class
'.
1
i
class
B
——;
'
36c
313A
^.•
4%
(John) Co
Inspiration Min & Devel
Inglis
...
International Coal & Coke
3.30
3.45
7,655
3.05
4%c
6.500
3%c
26c
: '
Preferred
A
,
85c
/
24
105
100
,
Nickel
Co
of
Petroleum
International
!
Jellicoe
Mines
of
Jan
15
July
6,603
Apr
United Corp class
United
Hudson
Kirkland
Mines
Lake
Lake Dufault Mines
Secord
2,600
class
i 1.70
2.38
20%*
86,450
6.50
9c
6.50
8%c
15
6.75
12c
15%
32,400
—
20
York
Jun
Jan
16
2c
Jan
6%c
Apr
—
24
24 %
265
22 %
Jan
24%
4.50
16,140
3.40
Jan
4.50
July
2.45
2.65
16,791
2.12 May
2.74 July
Andian
1.93 ; 2.10
4.05
19,075
1.60
Jan
2.20
Jun
Beath
16,500
3.35
Jan
4.25
Jun
British
Columbia Pulp & Paper
3c
Jan
Brown
Co
7
Jan
July
2.55
3.75
2c
2c
7
i
9%
7.
9
20%
2c
Lake
50
13
Feb
16
47/sC
Apr
9%c May
1,715
7%
Feb
349
—
Oil
*
&
...
Gas
__i_
—
Knitting
21%
8%
470
105
45
60
I
1.46
3%c
20c
35c
62
1.63
3'/2c
24c
46c
29c
29c
41c
11
11
11%
9.230
39c
35c
40c
47,200
♦
2.08
2.02
2.12
14,325
19c
19c
19C
1,400
5'4
5%
82
82
5
79c
26,250
—
1
*
.100
common
'
—
___190
Porcupine
1
mee
25Q.
.
75c
71c
6%
102
Apr
Jan
55% Mar
150
1-50
3V2C
20c
43c
9%
22
19% Jan
3,569
8
104%
,
Apr
4,600
16
•
I
5%
9%c.,
9'4
8
21
1
Gold
Mines.;
Mines
8.75
25
1.34 May
20.450
3%c
2,000
Jan
-
Jun
May
42c
Apr
53c
Apr
3c
Jun
65c
Jan
2%
1.10
/ "
—
27c
-
.«■<;,
.
63% July
1.68
July
5%c
Jan
55c
Apr
Jan
46c
July
41c
July
6
Jan
5
1.75 May
18 %c
3
74%
36c
Jun
Jan
Jan
Mar
Jan
5c
-
Mar
1.70
5
Jan
Jan
Feb
Jun
July
14 % July
Jun
Jun
24,625
20,325
Jan
4.00
22c
27c
4.45
6c
1.82
2.86
37
—
—-
-
—
;
5%
5c
3.20
90c
32,500
„
Jun
Jan
11
Jan
112
Apr
1.15
Jun
Jan
15c
Mar
40c
100
Mar
..
Jan
July
33c
r
,95c
8%
July
Jun
Feb
6%
Jan
60
24%
Apr
28
July
12
Jan
18
July
Jan
38
'
'
5c
500
"
July
4.00 July
79c
2,030
v
310
285
15
18
2.90 July
17
Apr
85
I
1.94 July
Jan
Apr
Jun
8%
27
7% Mar
Jun
110
1,550
July
4.45 July
Apr
65c
14,300
37%
•'5%
v
27c
Jan
*
:
32%
Feb
Feb
5
4%c
5% July
Jun
7c
3% Mar
Jan
5% July
-
4%
5
1,185
2.50
13
9.810
1.96
Jan
2.70
6,796
6.00
Jan
13% July
8%c
11,000
Jun
19c
5.20
—
5.45,
60%
—:V
21%
62%
21 %
75c
75c
85c
26c 26%c
5
5
23c
*
83
82
110
17
107
—
—
—
—
100
■;?
110
17%
107
9c
6%
—
—
—
1.60
1.96
15
May
4.10 July
May
4%
195
16,223
67,090
200
60
„
27
2.05 Mar
8,420
5,810
28
17%
—
>
8Va
15c
360
9,500
98%. 100 t.
27c
33c |
84c : 88c |
8
—
10c
6%
65
4.20
65
4.50
8c
4.50
7,455
57%
1,745
195
138.950
5.45
Juiy
63
Mar
68c
21% May
85c
Jun
Apr
■
79%
4c
20c
Jan
60%
Jan
69 %
10
Jan
Apr
4.50 July.
Jan
6%
May
7% Mar
^
2.95
Mar
107
Jun
31,060
July
17 % July
Jan
Feb
5%
Jun
94% Mar
110
Jan
15
19,100
220
50
*
Jan
104
July
27c
6% Mar
4% July
75
Jan
Jan
23c
50
65
" 44
195
10
Jun
Feb
20% May
4,000
—99
-
9%
Jun
Exchange-Curb Section
Par
National
Corp
—100
39%
Foothills
&
Humberstone Shoe
International
24c
Mar
5% July
83%
99c
Feb
Jun
2 Vs
2%
1,460
8%
8%
10,349
11%
25
30c
35c
1,325
Mines
265*
30
1.20
1.30
15%
16%
1,900
Apr
1.80 May
5%
7
30c
24%
Jan
Jan
May
Jan
1.05 May
2.45 July
39% July
9% July
10
Jan
2% July
9
11%
July
Jun
41c
Mar
30
July
1.45
Feb
207
13
Jun
16% July
25
14
Jan
16
July
16
—1
<fe
28c
500
15%
Apr
21% July
12%
3,965
10%
Jun
12% July
3%c
4.500
3VbC
Jun
5c
Mar
20c
30c
38,700
15c
Jan
49c
Jan
1.31
A
1.45
Apr
—
1.50
2,670
28%
200
21% May
22
356
20c
22
1
22
35
—_—
Supertest Petroleum common—
Mining
1.40
28%
Metals—
Southmount Investment
21%
11%
3%c
—
16
21%
11%
Paper—
Price Brothers common
Temiskaming
Apr
2%.
—100
—
Ontario
59c
Oreille
28%
'
Selections
Pond
850/
8%
29
Osisko Lake Mines
Jan
12% May
Apr
7% May
16%
Jun
17 % July
1.40
25
Paper
&
:
95
1.25
—1
—
Oil
2.15
39%
23
Jan
5%
200
4,045
9%
Co—
Gas—
11% July
May
38
.
Hayes Steel
Minnesota
2.35
July
14% May
110
9
17%
2.15
22
9%
30c
Oil
Oil
*30
t
High
Low
High
22%
11%
Corn
Paper
Dominion Bridge
Range since Jannary
Shares
8%
1
Marconi
Consolidated
for Week
9%
Vinegars
Canadian
r
.9%
9%
Mills
Silk
Canada
16%
2.15
Preferred
Bruck
Range
8%
com—
common
Sales
Week's
of Prices
22
class "A",
& Son
Funds
Low
Consolidated Press class "A"—
Mar
Jan
July
2.04
27%
.
Sale Price
Dalhousie
July
19 %c
Jun
1.25
77c
69
62
stocks—
Jun
7c
;
July
114
77
2.75
Last
Jun
15c
20c
40
24% July
Apr
Jan
Jan
1.75
2.80
Friday
9%
20,100
43,780
Jan
12
Feb
July
11% Mar
Jan
5c
Canadian
106%
150,310
...
Feb
105%
July
1.08
92c
'
61
*
*
1.45 July
Apr
1%C Mar
35,500
7
105
1
;
Mar
Jun
4.30
1
Mines
Jun
65c
Jan
9c
Jan
90c
July
68%
1.15
Jan
4.40
1
it.
2%c
Jun
-8c
50c
Mar
23 %
1.05
Toronto Stock
July
26%
;
4.45
Jan
Mar
Jan
July
6.75 July
15c
13%
1.03
5c
20% July
26
;
5
i*
Mines
17'
105
111
•
Knitting Mills common—
-3% July
Apr
76%
111
•
Jun
•
Mines
Lake
—
—
-
Mines
Jan
Apr
125
71c
9%
July
•
Preferred
"^or
Preferred
WrlRht-HargreavpR
1.35
20
Mining Corp
Moneta
July
Winnipeg Electric common
Jun
200
4.25
1
9
Wiltsey-Coghlan Mines
■29%
" 80
3.70
•«
100
1
Preferred
Jan
69
14% ;,'
*
"
*
19%
Jun
26
76
,
*
common—
26%
100
Graham
.Monarch
Jun
Ltd
common
Feb
*
Porcupine
Model Oils
2.75
May
Ltd
Jan
common
;
\;
—
r
Feb
25
.
.
21%
68
'
16%
4.00
78c '
9%
1
Feb
Jun
10 %
13%
__
v;
c-
100
-
Grocers
21%
16
common
4%
.
142%
5c
10,900
1,385
*
July
52c
Jan
3.50
5,500
1.55
5
*
Preferred
Western
Westons
90c
9%c
Mid-Continental
May
com
360
—
—
3%c
-1
Mills
Flour
14,755
16
Frontenac
Mercury Mills
Jan
July
July
Canada
1.28
1
Red
Mines.:
1.15
•
Gold
Lake Gold
115
:
nreferrpd
McWatters
Preferred
14,675
"f-V
;
„
3c
1.52
__
13 %c
Feb
Jan
Mar
May
34c
275
-
6c
3c
9,500
1
com
1.42
*
common
67c
•
Worts
&
1.33
Manitoba & Eastern Mines
Maple Leaf Milling Co
McMarmac
Ltd
Mines,
1.34
1.93
Mines
1.05
61c
July
4,500
1
Gold
87c
;
*
July
2 %
95
52,605
8c
3%c
3.75
McVittie
3.50
6%c Jan
155
114
—
1.20 July
19c
Jan
5.70
1,835
•
Jan
14%
113%
—
—
3%c
*
Ltd
Red
80c
2,800
10%
40
24%
10
64c
Apr
'
13
525
5
40
__
1
Wasa
'
18,427
23%
.
„
,
1.25
Jan
Jun
Jun
50c
19
1,700
88c
*
Oils
3%c
•
A
Fields
Gold
80c
1.51 May
1-80
2G%
9c
95c
80c
Ventures, Ltd.
11% July
Apr
15,825
1
McKenzie
5c
18
May
13c
1
McLellan
7%c
Jan
3.30
6c
94c
__
10
'
35c
19,000
16,450
28,950
39c
2.85
-
Jun
7c
July
134 %
7,249
8c
46c
Vermilata
Waite-Amulet
l%c Jan
30c
4.30
7c
„
11
May
4c
Jan
1.65 July
Jan
ll%c
70
380
17
4.20
__
6%
6,500
16%
—
July
Jan
,
4c;
3%
3%
v
__
2.40
12%
Walker-Gooderham
4%c Jun
6,000
36,033
,
—
23
12c
1
Mclntyre
.
3%c
__
.
—
Western
8.75
28 %
"
Wendigo Gold Mines
15,967
28%
1
Jan
11%
20
Upper Canada Mines Ltd
Jun
10%
20
United Steel
35% July
2.90
Lake
Maralgo Mines
Massey-Harris
*
Apr
13c
MacLeod-Cocxshutt Gold Mines
Gold
Oils Ltd
Apr
3.10
;
United
6%c
14
139
.25
41c
»
138
50
A
•
Mines Ltd
....
Mines,
Preferred
105
105
class
1
Ltd
Class "B"
McColl
Jun
35c
May
24% July
Jan
99
May
97% May
50
17,200
10,600
23
655
200
__
•
Fuel
1
Groceterias
Preferred
Mar
1
;
Mines
Red
1.00
;• 90c
Jan
10%c Jan
-•
Mines
Little Long Lac Gold
Malartlc
Feb
II,290
46c
—
.
*
Class "B"
Apr
80c
1
Mines
Candy
Gold Mines.
Madsen
54 %c
11,000
10c
42c
*
—
Class "B"
Jan
1.18
1
Ltd
Cadillac Gold
Macassa
Jun
3
Ltd
Mines.
Lamaque Gold
Lobinw
July
9
3c
70c
1
Leitch
12
Jan
23c
1.02
1
Oro
Jan
6%
5,850
„
9%c
v
.
;
■*
"A"
9,300
70c
Townsite
Lebel
Jan
9%
75
18
1,000
t__lC0
Corp
Transcontinental Resources
18,000
1.10
Mining & Exploration
Trusts
Exploration CfO_Li——
40c
1
;
Kirkland
Laura
10%
100
534c
4%c
14,120
5c
1
Mines
General
5%c
.1
Bay Mines
Gold
Toburn
5%c
10%
1
„
Labrador
Lapa
1,545
4c
30c
5c
__
1
Union Gas Co
15% July
13% July
17%
__
20c
*
100
4%c
4%c
75c " Jan
J
Preferred—.
35c
5%c
1
Mines
'.
Ltd
Thompson-Lund Mark Gold Mines
Tip Top Tailors common—
11%
Jun
'
9,600
1
*
1
i
Mines.
12%
Apr
May
1
Gold
Gold
Kirkland
Shore
May
24c
Canada.
Kerr-Addison
Lake
5c
30c
...
Consolidated
M
Kelvinator
3.7© Mar
Jan
35c
J
Jun
Apr
JuLy
43Ac
92c
3.90
5c
i
a
90c
;
16%
20c
Mines
30c
3.95
900
1
Jason
2,000
16%
3,500
1
Jacola Mines
50c
45c
50c
*
25c
—
May
1
11c 13 %c
.—
Jan
8.25
Teck-Hughes Gold Mines
20c
•
2.32
3,025
Tamblyn Ltd common
Jun
35
22%
:
12,110
10
12%
105
1
2.80
9,90
17% July
Jan
34
21%
1
Co
2.71
•
Mines
Mines
Cons
10
19%
2.75
■
•
Sudbury Contact Mines
.<
28
1.620
*..
Mines
Gold
Feb
104 %
1
Mining
River
9
105
International Utilities class "B"„_.
Steep Rock Iron
Sudbury Basin Mines
Toronto
8,885
11
25
Towagmac
2,560
10%
*
Preferred
Jun
,
10%
»
common
Jan
34%
22 %
Jack
Waite
Jun
..*
Can
Mar
;——*
Canada
Jun
40
89c
*
of
21
470
40,490
1
A
Brothers
Feb
30c
1.65
1
Preferred
Steel
11
15
1.23
1
common
15
500
1.55
;
——50c
Mines
Feb
26% Mar
535
7%
•
Paving
20
,
May
1
Petroleum
Stedman
:_100
preferred
International
End
July
•
6
__1
Mines
July
IS
102
i
Mines
Malartic
42c
35c
24%
105
12
—
—
Gold
32
15%
13%
12
8%
92c
7%
—100
21
35c
23%
104%
:
14%
12%
Feb
7%
__
*
Preferred
Mar
15'/
1.64
_>—*
Ml
V
Jun
1
class
30
7'
1.05
'
14,800
I
2,000
1
Gold
\ 20
2,570
1.25
50
Mines Ltd
40c
32
,
Feb
1.18
,
„
t
Ltd
Sturgeon
July
1.73
10
B
Co
July
3.20
Jun
*
Sigma Mines
Standard
3.05
May
1.15
6,335
*
100
Mining
Fherritt-Gordon
Class
Jan
2.08
2,350
1
Rouyn, Ltd
Simpsons
1.84
22,700
1
Gold Mining
Sheep Creek Gold Mines
Svlvanite Gold
834
85c
1314
;
Gold
1.17 July
3.20
•
Mines
San Antonio Gold
6%
May
Jun
1.37
1
common
Gold
Sullivan
20
15%
*
A
Anthony
Feb
10
July
14 %c July
2.70
*
—
St Lawrence Corp common
Class "A"
Jun
:■
—1
International Metals common
St.
75c
15%
Mar
1.50
1.25
♦
Gold Mines
Industries
47c
15
6
1
—
Russell
Jun
10
7c
Jan
99
1.15 Mar
3.15
1
Royal Bank of Canada
Royalite Oil Co-
Jan
h ' 7/»
—
Long Lac
33c
20
Mines
Rouyn Merger Gold Mines
41c
5,951
1.07
July
1.25
1
Jun
Jan
;
Jan
91
7,100
9cl4%c
12c
1
Co
Jan
5% July
11,263
1
Mines
3,100
—
Oil
_*
Imperial Tobacco of Canada ordinary_5
Imperial Varnish common
1
*
Roche
Co
Mines
Mining
Gold
65,500
•
Imperial
Quemont
Reno
45c
17
12%
paid-.u^.^.—.100
f
Queenston Gold
46c
..
i—*
—
Dome
7%c
36c
31'4
„
*
East
15,000
4'Ac
*
3.35
414c
*
A
Erie 20%
&
Huron
7'i
12
1
Mines
Bay Mining & Smelting
Ltd
Hunts
Gas
■
—
•
Homestead Oil &
Preston
Proprietary Mines
Prospectors Airways
3.85
1.29
1.48
'
Premier Gold Mining
Pressed
Metals
6%c
16 >
1.40
«
9
Jun
1.40
68c
1
Corp
44c
17
12
,
44c
-
1
Oil
Home
41c
1
.1
*
5
—a
Power
Jan
Jun
3,500
135
1
„
Springer Sturgeon
4%
93 %
1
Mines
Mines of B C
South
83c
75c
91
2.99
Gold
Gold
Rouyn Gold
Voting trust
July
,14% May .;
15
720
15,970
91
2.66
Pioneer
6c
38%c
6%c
1
Mines
vVv
80c
75c
1
Powell
July
Apr 1:
4%c Mar
2.68
Pickle-Crow
7c
5
660
Jan
Jan
40c
9%c Mar
3c
:
July
Jan
Jun
9,500
7%c
Jan
2.75
3%c
'
44 %c
Mines
Mines
2 %c
2%c Jan
3c
3c
Mar
Gold
17c
5 % c Mar
Jun
83c
Siscoe
300
1€%
Mar
6,850
Sladen
1,100
Jan
Jun
May
1.14
Jun
27,000
3.65
614
15%
53c
14%
1.05
Juiy
Jun
25 %c
45
1.06
13
6%
16,200
1
Gold
25
2,173
4,300
39c
15%
50c
37c
Perron
Jan
3,500
1
Mines
Hasaga
Jan
Jan
70c
55c
37c
15%
50c
1
Mines
40c
July
Jan
Mar
9
8c
4%c
;
Mines
Gold
Harricana
5%
1
4.50
Jan
19%
8%
Mines
Jan
Jan
3%c
11
.9
7c
__
...
Gold
3% May
Mar
1.37
28c
210
—*
i
Co.
Carpet
Rock
6%
44,970
14,100
Sand River
25% May
May
3.95
110,150
245
V
13
6V2c
*
Cotton
Hamilton
10c
Feb
3% May
20
48,630
Bridge
Harding
Hard
6%c
2,700
23
7c
Gold
Feb
2.00 July
•
Ltd—
Jan
Mar
♦
Shawkey
688
69c
1.25
44c
Jan
5,000
Apr
845
6%c
Jun
2,159
45c
2%
6c
6%c May
,
3.60
6
Mines
Malartic
Jan
9% July
5,000
July
40c
56%
.
87c
IIV2C Feb
40c
95
7% July
Jun
1
3%c Apr
Feb
Jan
Jan
•
:
60 %
48%
4 %c
Paymaster Cons Mines Ltd
84%
23
4c
Cadillac
Partanen
52% Mar
12V4
6%c
—
5c
Pandora
17
25
July
2.17 July
2.80 Feb
62 %c
•
Refining
Porcupine
50
5%
4%c
18 %c July
Pamour
19,300
*
July
18
3.35
3.35
*
common
;;
Oil &
Senator
40c
,
37 %c July
Mar
32c
1
1
Apr
7c
32c
Mines
8c
38c
6%c
Mines
Hallnor
12%c Mar
Jan
;
5
23%
4%
Jan
Jan
9c
4;
10% July
2%c
»
—1
Lime & Alabastine
Swayze Mines.——;
Gypsum
9c
.
15% July
15c
54
22 %
—
5% July
Feb
13,000
—1
1
Ltd
Mines
3% May
11%
May
26,500
6%c
7%
6c
7%
23
—*
-
Greening Wire Co
—
Grull Wihksne Gold Mines....
9% July
91
16%c May
—
4
22%
5%
*
;
%
__
Great Lakes Paper com vtc——
"
-
Apr
Jan
-104,270
..
32c
—533/4
•
;_l
10
84
May
8.20 July
3%c Feb
'
Graham Bousquet Gold Mines
7.00 July
7,500
5c 5%c
13%c 15%c.
l%c: 2%c 1
94
95
1%C
*•
Goodyear Tire & Rubber common
67c
Jan
5%c
26c
14c
>
•
Jun
5c
3lc 37 %c
.
5%c
1
—1
Mining
July
33,500
28c
•
1
:
1
Mining—
Gate
1
-—*
*
Mines
Eagle
Golden
Goodfish
x
—
135
31c ?.>
_*
Mines Ltd—
God's Lake
Gold
Jun
19
1.99 Mar
5c
Jan
27
38,845
5c
i——_
Gold Mines
26%
10%
8.75
Jan
7%c Mar
Apr
10c 10%c
8.95
July
5%
88
8 %
1,405
'■
1-
Giant Yellowknife Gold •Mines—
;■*
70
15%
•
July
33c
25
9%
88%
»
"A"_—
.
May
15% Apr
87
.
35
24
5
9%
.100
—
5.10
Apr
23%
87
common—
15% Mar
Apr
Jan
May
4%c Jan
570
-
Jan
2.70 July
75
1,078
,
July
May
12 %c
Jan
3% May
I,675
6%c
—
General Product Mfg class
Goldale Mine
1,155
5 % '
415
General Steel Wares
Glenora
3.10
84
9
Mines—;
Exploration
-
4'
May
27
82
»
Power
5%
4%
.
Feb
32c
Jun
13
2,722
'
:
82
——
Gatineau
34%
L
35
5%
Jan
1.G6
50
15
5.00
-100
—
Mining
Frobisher
:
1
:
Co
Gold
Fraucoeur
14,600
19,550
15
4%
class A—.
—I——
1——
B
9c
2.55
4.65
34%
«
of Canada
Co
Class
Foundation
8c
2.20
'
—
„—:
Kirkland
Federal
7c
2%
July
Pacalta Oils
<
July
13% May
2%
1
Products
Pacific
•
9c
22
3,500
7,010
'
•
Feb
Apr
2,640
9c
78c
59c 60%c
75c
__
_♦
common
Steel
59%
8%c
.
i
Page Hersey Tubes
9c
1
Ontario
14
1,127
2,925
57%
•
Gold Mines
Omega
12% July
13,900
4.90
Mines.——
Fanny Farmer Candy Shops—r—
Okaita Oils
Ltd—'
Mines.
Feb
4
*
Products-.!
Gold
Apr
25c
2.30
Falconbridge Nickel
Federal
5%
18
•
Jan
7
22c
80
*
9%
3%
•
Mines
voting trust
7%
4%
22c
1
_
—
O'Brien
-8%c
Canada
Star Oil
835
'•
4%
;
Co
Mining
Duquesne
North
57%
1
Corp
1,255
14
-v
•
,.
Mining
285
V
12 %
12
'
Noranaa Mines
Nordon Oil
37% July
9% July
3%
Dominion Woollens common—
Rights
—-
17
__
Normetal
'
Chemical
&
•
Mar
163
Mar
50c
31
1,070
9%
12
—
21%
905
2
National Steel Car
18
Jan
July
26
July
515
1.89
24
.
29
May
22
4,600
50
37%
Feb
8c
9c
21
22
2.70
July
July
2
27%
375
1,000'
8%c
__
♦
A
2.60
7
37%
29
29
,'
_^oc
Pipe
2.60
Jun
25%
28%
20
Sewer
5
July
'
Mar
Nipissing Mines
7
•
Stores
Dominion
—,
12
Mar
42
13
■■
Jan
Jan
16
•
——
50
9%
59 %c
10
25%
1
common-
-
925
11 %•
96,400
13%
'■
July
11
*
common
2.06
Jan
24
55
1.76
May
24
22%
Apr
1.82
25
24
Apr
45%
1
,13%
35
18%
655
Negus Mines
155
7 '
511
55
11 %
May
25
7
20%
54'%
5c
160
7
Ltd
Petroleum
National
High
20
55
Jun
31V4
1,175.
Co
Preferred
*
Low
20
1.12
Jan
160
*
Preferred
Jan
Range since Jamxftryl
High
Low
*
& Power
common
Grocers
Shares
•
Light Heat
Corp
National
July
18c
29%
3014
:_25
common
49
Jan
Mar
33% Mar
100
107% 107 Va
•
100
Bank
Dominion
3 %c
•
JT.
Ltd
Mines
Dominion
42
1
Distillers Corp—Seagrams common
Dome
49
Montreal
July
6% July
Jun
49
Da vies
Preferred
Par
High
for Week
of Prices
Sale Frice
STOCKS—
Range Since Jannary 1
Sales
Range
Last
-Shares
23%
*
Dairy Corp common
Week's
Friday
for Week
90
24
Imperial Mills—
14
JULY
2.25
2.40
•
Corrugated Paper Box preferred
ENDING
Low
1
ICO
Conwest Exploration
Cosmos
Range
of Prices
Par
■
-
WEEK
8a) es
Sale Price
STOCKS—
MARKETS
LISTED
FOR
251
35
50
9%c
9%c
10c
6,000
27%
8c
May
Apr
May
1.72
Feb
28% July
25c
Mar
35
July
lie
Mar
THE COMMERCIAL &
JULY. 14
WEEK ENDING
FOR
Sales
Week's
High
Friday
8TOCK8—
Friday
Last
Par
Fond*
Range since January
Shares
of Prices
'
Preferred
6%
6%
6'%
555
6
65
65
65
145
62
100
:
—
—
136
136
20
132
134
148
150
230 * 230
82
145
Jan
1
7% Mar
69% Apr
May -
*
100
Winnipeg Electric common
Sale*
Week's
,
for Week
Range
Sale Price
High
Low
Low
Montreal Stock Exchange
Canadian
1944
LISTED MARKETS
CANADIAN
RANGE
Monday, July 17
FINANCIAL CHRONICLE
7
for Week
V-
1
High
Low
High
Low
Par
Range sine* January
Shares
bf Prices
Sale Price
STOCKS—
Banks—'
1
*
Algoma Steel com
Preferred
'
5%
Jan
11%
Jun
9
Jan
13
Jun
96
105
89
94%
36
88
Jan
10
10
10
21
21%
1,840
40
23'%
Jan
Jun
13%
16% Mar
Jan
156%
151% Mar
21%
Jan
*
24
22
2%
2%
9%
9%
50
20
840
15%
Jan
:
20'% July
18%
850
15%
Jan
;
20% May
19%*
X9»%
18%
:'
1.85 May
9
J00
Preferred
435
9%
9
263
115 117%
...1
12
100
100
*
*
8%
12
12% i\
38%
37
38%
*
—
Northern Power
Steamship common
12
7%
7%
8
3,916
42%
Preferred
Canada
Canada
8%
50
Foundries new
Iron
Canada
42%
43%
1,045
36
36
preferred
5%
Canadian
Breweries common
Canadian
■
Canadian
Canadian
7%
Preferred
Canadian
Foreign Investment
Ind Alcohol common—
Class
Locomotive
Plow
Cockshutt
Consolidated Mining & Smelting
Glass
Consumers
Seagrams
Distillers
Dominion Bridge
Preferred
Jan
Glass
Ltd
Stores
9
;Jan
Feb
•<,
17
90
14
Mar
10%
2,490
8
705
25
J
.17
36
Jan
154
34
15
24%
28
2,195
5'%
Feb
6
67
•
Jan
50
27
Jan
14
Jan
13%
52
55%
31
1,079
31
11%
39
Jan
27%
Jan.
v
791
;
335
33%
Feb
31
1,175
23%
Jan
31
Jan
14
360
7%
436
24
24
700
26
100
4% Mar
17%
Apr
22
7% July
;
7
24
140
116
Feb
140
160
10
150
Jan
163
1,585
7
Apr
11%
11%
50
9
Jan
12%
Preferred
12%
12
12%
1,718
8
Jan
108
108
108
50
104
Apr
108
71%
71%
72%
265
68
Apr
•74
7
163
12
155
Feb
163
.<
July
8%
8%
175
6% May
9
v.
July
100
Preferred
8%
*
Elect rolux
1
*
*
7
59
285
40
Jan
4%;
225
2
Feb
5
May
4% July
5
Jan
25c
Jun
Corp
Products—
Players Canadian Corp—
Heating
&
Famous
Canada,
of
Co
Foundation
5 c/o
Steel
Preferred
600
5,435
2%
Jan
3% July
7%
1,300
6'A
Jan
7% May
7
X.
8%
July
200
60
33%
34
275
5
5%
34
3%
Jan
8%
97/a
3,314
7%
Apr
: 2%
125
Ltd
.7— -*
Ltd.7
8%
*
5
7
—7
Farhier; Candy Shops...;
1
Aircraft-Ltd
2%
V
3%
*
Motor of Canada Ltd A__7-
*
Freiman
28%
.27%
5
,
Paper
9>/2
9%
9%
88
,
88
88
Va
15%
8%
10
2,385
110% 111%
280
90
Jan
93
95
<
Jan
85
30
15%
95
15
-r;
Jan
95
6%
Apr
6
6%
1,765
5
May
12
12%
670
10
Jun
13
19
19%
505
13%
Jan
110% 110%
5
106% Mar
9
,
1,050
.
9%
110%
31%
31%
1,130
26% Mar
•
common—5
15
14%
15'%-
2,953
12%
Apr
12%
13%
1,481
10%
Jan
7%
Bronze
7%
Jun
230
99%
100
96
Mar
100
30
153
25
July
30
July
14%
15
255
12
Jan
15
25%
26
60
22
Jan
26
3
3
July
10
3
July
34%
34%
35
1,867
28
Apr
35%
21
21%
1,189
14%
Apr
22
Preferred
Jun
'92
122
76
Jan
92
International
22%
1,695
Apr
22%
Co Ltd
Petroleum
International
Power
Preferred
i
Secord
i
Cottons
Jan
62
2
62
July
65
2
3
Apr
4
60%
6
60
9%
8%
91/4
3,180
8
Feb
9%
8%
8%
625
6%
Apr
9%
26
75
75
500
20%
20%
20%
4,252
—100
*
20%
20%
20%
37
37
37%
43%
17
18
25'%
26
58
57%
27
Rwys_>.
L
&
H
Power
common—100
of Canada-—--
Price Bros &
Co
preferred
Ltd common
•
«
Paper
Preferred
-
Canada
of
Steel
Biscuit
4%
Feb
7
W.
26
i
,
Cotton
common
Ltd
'
140
Jan
93% July
5% Jun
19
2,302
,
9
250
May
9
101
102% 102'%
16
57
57 7
14
*
19
:■*.-.'3%-
14
.
Jan
99
10
105
3%
3,086
58
225
Feb
.
Mar
3% July
16% July
Apr
58
15
1,843
19 %
275
15
Feb
140
10
128
Feb
*
10
10
70
8% Jun
11
259.
July
142
•
69
75
63
212
69
45
11
200
99
55
405
76
4%
11
loo
69
75
4%
99
67
>
18%
;
Jan
19% July
Jun
.
69July
76
5%
Jan
.
Ltd
Co
;
Jun
5% July
11
Gold
97
97
60
5
5
15
103 %
105
101
23c
23c
:> 3,875
23c
92%
Feb
22'%
'r
97
( 62
-
80
Jan
July
5'%
Jan
106% May
103'% July
17c
Apr
23% May
Mar
5
50
17%
17%
.
30c
May
Mar
17% July
7 63
Mar
21%
Feb
85
' July
July
Malartic
Gold
Jan
2c
Jan
5c
500
July
19c
I
*
6c
4c
Jan
11%
10,400
63c
1,000
Mines
Jan
8c
1,000
.
.
9c
13 %c
585
26'% May
900
28c
•37c
35 %c July
*
67c
500
55c
Jan
5c
July
3c
Jan
15c
July
Gold
1
>
7c-' 7.v7c
Jan
-3.0^.Jun?
7 8c
6%c
Shawkey Gold Mining Company777.—
Gold Mines SLtd.—L-i
Sladen-Malartm Minis* Ltd 777—7.7
Steep Rock __7l___'x77:
__1_.—7.
Riillivan Cons Minesa Ltd__u__l—i
;87c 1.04c
65c
|65C
:4.oo
3 80
-
1.75
...
rv_
^
(40 V'
...
...
'4.00
4.35
4.40
.70c
,
-
:V"v
9c
Jan
r
i8c
May
42c
56c
Jan
3.40
Jun
>900
3.25
Apr
800
2.95
Feb
..
.
77.
:
76cJan
7M 4.00
Jun
1.60
July
71.25 July
Mar
4,900
:i.78
'4.00
700
35c
Jan
7- 77 800
t,
70c
Mines Ltd
Wright Hargreaves Mines Ltd
30,600
.
7 2.92 July.™;
July
3%c Jan
11,900
■
Apr
35c
4c
.
2,000
7;;
2.10
July f ;
1.20;JulyrV
May
""
;
150
.
■
Jan
4.35 July
15c
Jan
■
2.00
.>,7500
Slscoe
Hughes Gpld
80c
1.38. Jan
90c
July
2.05 July
May
'7c
v
.100
...
.—...
Quebec Gold Mining1 Corp.7_.77_—
Red Crest Gold; Minjfs Ltd....1
Teck
65c
2,800
7:
6.60
'4.25 July
Jun
7,: 19,000
7
i—
M-ines-Ltd..
B C
1.40
Hr
Feb
8,450
;
^»f
3.40
,7.:* 800
Ltd..—
20% July
Jun
300
:
*3.50 July >
Feb
500
Mines:,
Mines
6
200
7
Gold
Crow
15%
30
—
Gold' Mines Ltd__________
Goldfields |_7I—_7__—
p
1.51 May
100
—
Ltd—
Mini'ng Coj
Jun
l%c
53,400
MineS
Gold
94c
15.056
Consolidated Gold Mines Ltd
Mines 77-
July
1.14 July
Mar
Shore Mines
Mav
10
May
Mines
Jun
July
*
Julv
88c
Gold
July
30% July
7.85 July
1,000
Gold.
600
Pioneer
.
84c
13 %c July
Jan
5,000
Ltd..
Rock
Pickle
.
12% July
July
•;
Mar
2%c Jan
14,300
Mines Ltd
July
July
15%c July
2%c Jan
20,600
7
Mines
10c
Jan
6,000
July
July
July 7
,
•
2.60
1.14 May
500
2,000
4—-.
July
:;;j
oils—
Anglo-Canadian
Brown
British
Oil
Oil^Co
Dominion
Gils-
Jun
Oil
Homestead
Okalta
Oils
Oil
Ltd
&
.j.
Gas
—
700
60c
May
5c
Apr
7%c. 7%c
7
...
Ltd..
...
200
1.26
4.30
1,900
-1.16
.-35c
135c
1,000
30c
3.30
Ltd..
Oil Co
Co'Ltd
July
Ltd.
LtqL
Corp
Dalhousie
18%
15c
19c
Min^s Ltd
Knife
Home
110
Ltd
52,350
142,200
Ltd—
Gold
Gold
Cadillac Gold
Yellow
31c
•
*
Minps Ltd7__!
July
Feb
Jan
*
B
Ltd—
Mines
Julv
Mar
103% '
*
Metals
99
17
*
100
1.
55
85
July
12
*:
<
Mines Ltd
Jan
2
20
210
85
Jan
210
25
20
July
1
39
81
78
110
20
20
17
77—77
A
preferred
50
18%
20
Po^er 6% pfd.,^
5
18
37
*
common
Lid
100 f May
Apr 1
37
_J
Co
Jan
35%
15
109
91%
31
50
54
8% Mar
Jun
107
7
July 7-.
,1.95 July v;
"7
4.00'July r
4.40 July 7
Feb
Jan
Feb
110
*
16
Feb
3%
98%
Pandora Cadallic G(S i Mines
Perron Gold Mines i td —L_
.
Apr
46'%
13% May
98
pfd
12% July
Jun
80
G'Brien
.
Jun
14. Feb
11%, Jun
,102 .,- Mar
t, 103Mar
19
10%
3,590
;80
Normetal
.
Jan
,
,
140
•
*
12%:
*
Negus
July
,13
'
12
L2
Jan ;
Malartic
.July
99% July
2% Mar
2,840
16%
100
Jan
2% Mar
Jan
Apr
Lamaque
Jun
,r<
8
7%
Feb
Lake
29
Jan
12
"284
460
20%
Labrador
.
98
.
Jan
93
90
13
11
16
♦
page
99%
.
12%
3%
»
see
29
-
101
*
common
footnotes
28%
11
*
Ltd
250
350
*
13
25
common
Corp
Grocers
9
93%
7% V7%
•
Power
Canada
,'
105% Mar
Jan
1.50 Mar
23
8%
Joliet-Quebfec.Mines fl^td
5'% Mar
:
loo
com__
___
Preferred
For
200
•
Preferred
Western
17
50
Paper preferred
Shawinigan Water & Power.
Sherwin-Williams of Canada
Wilsils
Jan
100
8t, Lawrence
Wabasso
<13%
99%
P.
—100
Corp common
preferred
A
28%
——100
Lawrence
Viau
50
93%
7%
fa——"
common
Saguenay Power preferred.
Co.
15%'
24
'
13
J-M
Mar
20
8%
Inspiration Miri & Dev Co.—
July
170
•;
1.50
1.50
57%
Hard
,
July
27
Feb
■8%
v
100
—
Power
Preferred
United
60
Feb
26
»
Steel
Jan
161
:
■-
103%
'104
104
7
>
12% July
5
Giant
July
July
20
26
•
Southern
26
Jan
Feb
Paper
6%
Dome Mines Ltd
'
Corp
Class
18
640
5%
Power
St
43% July
.
1,517
5
Page-Hersey Tubes
5%
40% May
13% Jan
27
*
•.
100
Century Mining Corp Ltd..
Coin Lake _—7
7—7.
37% July
167
._*
Car Aircraft
Jun
110
Francoeur
59%
15%
10%
.
62
Central
Jan
26
*
common
24
23'%
995
7
.Can Sfb cum 1st pfd.100
2nd! pfd
...50
Cartier-Malarttc
Jun
Jan
48'%
21 %
21%
Bralorne
May
15%
Jan
Mar
21
21
*
Corporations*class
Canadian
.July
167
100
Products
37
255
•
common
Preferred
Jan
33
5,005
26
75
22%
20'% May
150
18
*
Noranda Mines Ltd
Ogilvie Flour Mills
43%
•
25
Corp
Jan
Apr
35
1,170
16
-18
.Investment
Bouscadillac
27% Jun
72
120
•
Jan
18%
20
•
Car
Electric
37
37
100
_T,_
common
■
Steel
'<'■
40
Apr
Jan
10
Mining'Corp
Bear Exploration
Beaufor Gold Mines .Ltd
Jun
26
16
15%
17%
62
Ease
Jun
8%
140
July
5
5
__1
Mine»-7
60% July
Mar
July
77.77
5% May
25..
Jun
Jan
23
Jan
10
common..
Aldermac Copper Corp
July
27
18
109
cumulative
Arno
July
•
common
;
Jan
4
13%
175
35c
May
Western Can Flour Mills Co Ltd pfd—*
Feb
4
Niagara Wire Weaving
Quebec
16
*
Preferred
Rolland
Jan
62
Telegraph
Steel
13
23
Jun
33
Feb
17c
7
3%
2'A Jan
2u
18
21%
$1
Apr
16
—
Tramways
Ottawa
20
60'%
Breweries
Ottawa
160
15%.
23% July
125
Feb
140
"
National
Ottawa
16
139
Mar
26
100
Oil
Montreal
Ontario
Jan
4% July
Jan
Feb
27%
113
16
Montreal Lt Ht & Power Cons
National
135
Jan
'7-.-
United
Jan
3
(Robert)
Montreal
139
10
common-
McColl-Frontenac
Montreal
Jan
23%
May
Feb
15%
Walker-G.ooderliam & Worts com—.-*
July
16
A
preferred
Massey-Harris
Mitchell
Jan
Mar
23
*
preferred—,
Steel
20
106
895
100
Candy
W)
(C
McKinnon
90
200
25%
23
25
*
f
19%
109% 109%
1C9%
100
Lang, & Sons Ltd John A
Lindsay
22
*
common
common
Preferred
Laura
22%
*
1
the Woods
Lake of
92
100
...
95
Jun
37/«
109
Southern. Canada
Jun
21
Jun
17%
7.100
Bridge
Southmount
*
25
Paper common
Ontario
Grain
Preferred
.
International
5
17%
Pulp .& Paper pfd
Sarnia
Jun
,
15
Hydro-Elec System A—
.
July
7
part
C
Reliance
Jun
3
25%
N
Quebec
;
25
Int Nickel of Canada common
6%
25% JUly
Mar
&
Power Corp of
.-Jun
25
.21
i
4
v
15%
7—77
Scotia L & P
Nova
Jun
3,670
99%
*
common
6
7%
30
100
Preferred
32
25 %
,
25
100
common
Minnesota
,
25%
28% July
•
.
common—"1
26%
Jan
717%
•
13% July
Jan
.
Apr'
*
...
7.:
Ltd
May
10
.10
100
com.7
Preferred
July
15% July
13%
preferre'd
cum
Melchers. Distillers
Jun
31%
•
Co..
Ltd
Co
Massey-Harris Co Ltd 5% pfd
McColl-Frontenac Oil 6 % cum pfd
Jun
*
Preferred
International
7%
Jun
110%
Paper
Milling
July
4
20
175
23
Feb
35
23%
31
"
20c
3'%
Jan
3
20c
21%
Feb
July
92%
3%
3%
77;
1
'
Jun
6'%
&
Power
Leaf
.
*
Jun
10
50
23% 23%;
.
(Can) Ltd "A"—*
Maritime Teleg & Tel common
19% July
£1
Coal
Maple
Jun
111'/a July
Jan
.
^—7——
B
MacLaren
Apr
-
15%
11% Mar
108%
12
8%
/
Preferred
Intercolonial
Class
.
-
6%
common
of Can
International ;Paints
International Utilities class A
Apr
8%
Mining
Oil Ltd
Tobacco
i,7
Jun
5%
25
4"/4*
4 J/4
34
28%
95
95
if
33
Jan
2 % May
1,837
4
4
common77—_7_—*
6%
cum
preferred
100
Hydro-Electric Securities Corp
7
*
Int Metal Industries Ltd "A"
_7—*
Ltd. (A J)
Apr
3% May
Jan
Jan
28%
304
26
Apr
1.50
145
3%'
3%
1.00
24
270
25%
'
Companies, Limited!.....7—_*
Fraser
35=
35
35 *
60c
Jun
8% July
5% Jan
32
Ford
Jun
11
Jan
10
10,824
8%'
75c
9% July
5
Industrial Acceptance Corp
Int
19;-
Apr
100
Bay
Imperial
27
14%
740
*
Preferred
Imperial
23'% Mar
5
Jun
<
3
10%
*10%
8%
'
3%
Fleet
Jun
6
wv
•
-
Bridge
Smith
Hudson
Jan
111
Hollinger Gold Mines
Howard
.
11%
May
4%
100
_
Gypsum. Lime & Alabastlne..
Hamilton
V
*
8
50
Mar
Jun
25c
32
Fanny
.
*
Wares common
27
:
515
100
-100
—«.
General
27
*
preferred
5'%% preferred
.5%
5
11
5%
18%
*
:
Power common
Gatineau
11
.
10c
Jan
67%
3%
"
Enamel
1,000
4'%.,
4%
July
7 25C 7
75c
Fairchild" Aircraft
,
,
Dryden Paper
Jan
3%
B.7—
Dominion Woollens common.,
Feb
163
Dominion Textile common
5
*
*
Limitee
Frere;
Donnacona'Paper Co
July
1:
8
125
6;
0
&
Mar
4% May
300
Enjgineering Works Ltd7
.Dominioh Oilcloth & Linoleum
Jun
12'%
70c
Jun
45c
191
*
*
Dominion
Jun
*
common—•
100
Jan
1.85
2,202
Jan
Jan
-
2% Mar
■■73%.'-
5
2%
preferred
156
174
Jun
David
.
9% July
v
Alcohol
145% May
167%
'
y
July
12'% July
395
58
,
Feb
;19
Jan
65c
4%
.
May
65
,
2%
•
6
4%
15
10%
7%
65c
7%
.
cumulative preferred
7%
Jan
110%
34"
170.
2%
.
7%;
*
common—7
Consolidated Div Sec Pfd
Mar
9%
2%
._*.-
Jun
99
Jan
"
Consolidated paper Corp Ltd .77
Cub Aircraft,Corp Ltd
July
8%
7'; ;V;
25
160
:
.
140
1
——
—J———
Vickers Ltd
Commercial
Jun
/
*
—
,
26% July
Apr
Co
1
50
May
5
154
153'
170
22% July
Jan
90
Feb
107
7
110
30
'.
Jan
July
39% July
May
46%
24
19
.100
31
Jun
2.40
Apr
20 <7
Jun
17% July
104% May
?
195
12%
154'
*
B7
——
96'
19
7.109
Cassidy's Limited
7.
:
1
Chateau-Gai Wines ' Ltd 77^—7.^7-—*:
Claude Heon .General Advert—7-7—*
Commercial Atcbnols Ltd commonj—*
..Jan
14
7%
■■■'
28
Dominion Tar & Chemical
•*
.
July
13
29
13%
class
Ltd
775
:110'
12%
*7-*'.•**
;
225
-
110
'
10
'
49
94%
•'-<
Paper Inv Ltd com___*
preferred
Canadian
41% Mar
38'%
*
27%
May
1.55
804
'105
'
*5%
.
37%
Marconi
Candn Power
Jun
31
Industries
preferred, ______\
Canadian
July
.
July
13% July
,755% July
Jan
4,656
13%
96
110
*
'
14
13,422
pfd_—100
7%
Power
Jan
16
10O
8.623
22%-
48%
Wire/to Cable 6%%; pfd—100
7%
Jun
70
10%
69%
13
:
.
49
23
210
39%
22
Northern
Canadian
6'% July
6% July
5
1
39
105
22%
4% Mar
'23%
20
77
July
84
JanMar
1,140
2.35
39
T
Canadian Dredge & Dock Co Ltd—*,
Investments Ltd—*
July
35,
r
...
7————•—100
27
2.20
2.20
Canadian General
Feb
1,000
6'%
'-42% July
Apr
1
2% Jan
375
23
17% '17%
Malting Co Ltd.*
Jun
154
Jan
6%
60
'£
4
26%
Canada
July
,:
45:,,
7;
141% May
15
154
34
6%
27
15
84
22%
23
Canada
10% July
Jan
316
5,160
42%
•
3 %
3%;
Canada
July
Apr
27
84
1
! common——
Preferred
Calgary Rower Co Ltd 6% pfd——100
Canada & Dominion Sugar Co
Mar
36
Co
Brown
.8% Jun
.45
'
Mar
7
Range since January 1
Low
High
4
July
2% Apr
Shares
24,790
38%
40%
Columbia Packers Ltd—-—*
7 -
38% July
,i
Jan
43
'7;
100
,—100
com
Steel & Coal B
Dominion
JUly
.12%
Jan
32%
Jan
142
for Week
3%
•
British Columbia Pulp & Paper.—.100
7
,
Preferred
Dominion
•
Jan
41
60
■"
Dominion
5'%
42
—
Steel
Foundries &
Dominion
31%
Jun
'•12;
Apr
780
.14%
Jan
9%
26
Dairies common
Dominion
5%
—
preferred
Coal
Dominion
7'%
835
26%
26%
.
Pacific Railway
Canadian
1,455
10
*
* ';(v 67
13%
25
13%
*
52%
6
31
*
*
30
"
13%
—25
*
35
B
Canadian
8%
17
10
25
Canadian
Jun
Jan
240
Jan
135
High
Low
3%
American Oil Co Ltd—*
British
.117% July
r
,
—"
100
*
*
Celanese common
9%
British
'
■
preferred
New
Canadian
10
;
JPower & Paper common
•
■* 6 % preferred
:
100
'7 '7% preferred
.
100
Bathurst Power & Paper clasp "B"—*
7 9 % - Jun
;
Jun
12
12
Jan
155
Sales
Week's
Range
of Prices
Par
Abitibl
.
*
Canners Ltd conv pfd,—•
Car & Foundry common
*
common
Bronze
Jan
103% May
200
14%
14%
6%
135
.
*'*:•«*• 4
—*
May
147% May
229% Jun
Funds
Sale Price
STOCKS—
9% July
'
Canada Cement common
May
130
104
150
7140
137
.
Last
3%/Jan
Jan
8
'
Friday
Jan
21%
1,425
:
Canadian
.24% Jun
;y
19% May
225
—
138
136
Montreal Curb Market
Jun
2%
*
:
Jan
Jun
21%
—5
,
Jun
40
5,468
,
100
'
L
—
—
132
J, 148
ii.:
133,
Mar
Jan
21%
233
24%
10
Scotia,
Nova
Roval
100
100
ICO
I
:
;
.
July
26'% Mar
1,435
156
22%
22%
-
Building Products class A
Gold Dredging——
16%
101
24
9
154
'
155
Apr
18 7% May
350
15%
<*
Bell Telephone Co of Canada
100
Brazilian Traction Lt & Pwr
*
Brit Columbia Power Corp A
*
Class B
—-—-—*
Bruck Silk Mills—
*
Bulolo
24
40
7
23%
-24
"
*
Breweries
Assoc Tel & Teleg preferred
Bathurst Power & Paper class A
Associated
Montreal
.
1
v:-;v
„—
Commerce,
*
.
98% Jam
<
Jan
8
150
21%
—
_
Corp
96%
290
101
100%
101
>•
98
Jan
94%
100
Co of Can pfd
Aluminum
50
30
96
—
Amalgamated Electric Corp
Asbestos
8
12%
100
.
Ltd
Aluminium
8
12%
*
Works Ltd common—
Acme Glove
7;7-
Canadienne
'■
3-40
995
4%c
4%C
45c
45c
2,000
50
3.05
Jun
May
Jun
4c
Jun
45c
July
70c
July
7%c'July 7.
1.30. July
37c"
Feb
3.65'Mar
4%c
55c
Feb
Mar
mm
Volume
259
CHRONICLE
THE COMMERCIAL & FINANCIAL
Number 4299
160
OVER-THE-COUNTER MARKETS
Quotations for Friday July
14
For
Investing Companies
Bid
7.14
Aeronautical Securities-*-
Affiliated Fund Inc
American Business Shares—
3.87
Investing.
14.55
Foreign
American
Oil Shares
Stand
Assoc
X6%
15.42
Axe-Houghton Fund Inc
Keystone Custodian Funds—
B-l
28.04
29.37
32.22
4.24
Series
B-3
18.43
20.26
Scries
B-4
10:63
11.66
.18.45
20.21
Series
7'A
4%
preferred
8hares
A6%
Basic
Inv
K-2
Series
S-*_,
10.69
*
19.89
30.17
32.62
Loomls Sayles Mut Fund
Loomis Sayles Sec Fund
16.19
17.74
97.31
99.30
10
18.50
Broad Street Invest Co Inc..
7.21
41.45
42.30
Manhattan Bond Fund Inc—
Fund Inc
Boston
Ltd
Fund
Bullock
Fund
Common
Fund Ltd
Inv
Canadian
3.95
10c
^ 4.74
Mass
Investors
Trust
1
22.54
24.24
9.95
10.76
Mass
Investors
2d
I
11.25
12.10
—10
11.69
12.78
Mutual
Securities com—100 2,660
2,760
Preferred
100
138 ■'
143
t—1
2.83
Bond
Income
Shares—.—•
18.62
Low
2.33
-
series
4.84
D
—
Dividend Shares..
Howard—v«
Balanced Fund
Stock Fund
&
Eaton
3.85
•
,
6.70
1.32
1.45
13.69
14.70
Equitable Invest Corp (Mass)_B
Equity Corp $3 conv pfd
1
32.42
34.86
Electrical
40
41
Fund Inc
*
Industrial Fund, Inc.
Flrst Mutual Trust Fund
B
Fixed Trust Shares A
10
Foundation Trust Shares A—1
Fundamental Invest Inc
2
Fundamental Trust Shares A—3
19.77
21.29
1.94
2.13
Oils
5.73
6.39
Merchant Fire Assur
11%
12%
Merch
15%
16%
Monarch
Newark
2%
Mfrs
&
Reserve
10
Surety—
25
57
10
36%
39%
National
10
12.09
Baltimore American
7.72
.
Bankers & Shippers
53%
114%
National
16%
New
7%
50'A
4%
7%
181
171
20
25%
2
Casualty
64
6%
2
Amsterdam
28'A
61
10
Fire
5%
...
25%
(Detroit)—10
Casualty
Union
7%
6'A
4
National Liberty
6%
—2'/a
N Y
National Fire
59%
50%
,■
Fire
9%
47'A
5
71%
Ins
Fire
9%
68
27%
New Brunswick
10
28'A
30%
New
Hampshire Fire
10
44%
47%
22%
New
York
6
13%
15%
—2.50
23 Vs
24%
5
5%
25
81
86
100
Boston
10.42
580
605
10.86
.
Camden
Fire
20%
5
City of New York
10
Connecticut General Life
10
River
49%
19
North
Northeastern
42
17
9.41
Fire
51%
Northern
32 %
*
8.53
..
:
Pacific
Fire
25
Indemnity Co
10
48%
51
10
83'A
87%
5
14%
15%
34
36%
'
5.77
:. 8.60
stock
"9.46
Continental Casualty
10.99
Employees Group
Employers Reinsurance
8.88
9.7b
; • 6.60
I 10.41
7.2/
—4.
__1111111—II—III—II
4.bi
Trust
Amer
Series
7.73
•
Series 1955
6.00
Series 1956
'
*-2.18
"2.90
1
:»
Phoenix
20
137
67
&
Marine
Reinsurance
27% >
10
21%
Marine, new.12%
Surety
!—:
10
70'A
44'A
Springfield Fire & Marine
10
25
116%
10
60
63
100
469
484
Republic
Revere "(Paul)
48
17%
51
St Paul Fire &
19%
Seaboard
44
10
(Texas)
46%
Security New Haven
Fire
6
Globe & Republic
5
8%
9%
com.
19%
21 %
Standard Accident
77
81
Travelers
0
29%
31
U
10
U S Fire
59 c
Globe & Rutgers Fire Ins.
2nd preferred
14.41
15.49
Great
vi'1'
.
y.
American
Hanover
6.48
7.12
27%
29%
shares
6.38
7.02
Quarterly
Inc Shares
10c
7.05
7.68
Hartford
10
96%
101 %
Building shares-
7.84
8.62
Republic Invest Fund
1
"'3.69
4.05
43%
46%
Chemical shares
5.84
6.43
28%
9.83
10.80
S
■
23%
■
'
73 %
46%
37%
35%
122
37%
Fidelity & Guaranty Co„2
4
39%
47%
50%
10
71%
76%
2.50
x33 %
35%
1973
106%
30%
Electrical
Scudder, Stevens & Clark
Fund, Inc
Hartford Steamboiler Inspect-IQ
Home
—5
6%
4%
2
10
13%
<
104%
99%
10
(NY)
Corp
28
12 %
26
5
Cory
Providence-Washington
89%
85%
5
6
Fire
Preferred Accident
143
63
10
Newark
54c
.
'
1
Pacific
50
6%
95%
91
12.50
Glens Falls Fire
2.46
10c
Fund
(Geo)
J Gibraltar
„'2.79„
1
Plymouth Fund Inc—
Putnam
of
61%
46%
Fire
General Reinsurance
shares
1
37.83
5.57
7.72
8.50
I 7.24
Franklin
57%
__10
Fire Assn of Phila
Firemen's
,
10
Fireman's Fd of San Fran
.
<
10
:. 6.58
39%
1953
35.18
x30
6.44
equipment
Steel
.
39%
5
y' Federal
Fidelity & Deposit of Md
11.44
5.85
■
.
-
North Amer Bond Trust ctfs
North
,
,: 19.00
equipment—
Railroad
26.36
8.56:
-
Machinery
"4.45
7.02
Massachusetts Bonding
18%
Re-Insurance
r.7.77
.
Chemical
Group Securities-
shares
12%
17%
American
f.;9.88
*
Series 1958
Agricultural
Casualty
11%
8
American
11.00
Building supply
10.46
i
•
1
8%
American
9.48,
Railroad
General Investors Trust
1
12%
8.22
7.01
Insurance
General Capital Corp
Maryland
Equitable
Automobile
-
stock
23.80
5.00
24%
Y
'
22.16
3.85
41%
8V4
22%
14.28
.
1
1
24.05
38%
5
Fidelity & Casualty_5
American
Stocks Inc—
Aviation
Bank
Financial
20
Knickerbocker
7.58
Automobile
.
Fidelity
86'A
Jersey Insurance of N
77
13.25
1
Agriculture
,
5.90
Insur Co of North America—_10
36%
7.43
England Fund
New fork
—i
2.50
25c
;
c
New
20.13
54
73%
of
American
5.36
..•
6.89
51%
34%
Casualty
7.75
7.05
••
series
Preferred stock series
Fund
Diversified Trustee Shares—
Delaware
Alliance
American
f
13%
10
Fire
io
—
10
4.12
3.66
;
Ask
Rid
Par
Homestead
143%
25
Life
American
8.41
135%
88%
Agricultural
American
priced stock common
10
io
Aetna
1.49
7.78
l
Aetna Casual & Surety
Aetna
>7
Companies
Ask
1
y
*
1.36
Low priced bond series
1
,
*
National Investors Corp
National Security Series—
4.96
y.
:
25o
2.83
mod
Cumulative Trust
*" 4.00
.*
voting shares
Bict
Par
Securities—
series B shares
(Md)
1
—1
—1
—1
mod
AA
ACC
V (Colo)
5.52
44
2.33
AA
Series
:
Inc
2.54
Accumulative series
Series
5.08
42
Nation-Wide
Fund
1
Corporate Trust Shares—
Series
...
Trust——-1
Invest
Fund
Bell Teletype NY 1-953
Insurance
5.17
31.13
Maryland Fund Inc
;
DIgby 4-4950
9.96
3.25
28.96
1
Commonwealth Invest
Tel:
.
9.06
•
Christiana
Consol Investment
m:+t
10c
1
Century Shares Trust
Chemical Fund
York 5, N. Y.
5.48
6.58
40 Exchange Place, New
11.77
X4.94
Knickerbocker
Members New York Curb Exchange
14.92
r
101.63
Members New York Stock Exchange.
28.22
S-3
Series
5%
S-2
Shaskan & Co.
23.98
13.55
-
America-
of
Tr
105.86
21.79
25.70
:
S-l
Series
5
3.99
Industry
Bond
;
K-l
Series
Series
4%
I
29.39
B-2
16.66
Real Estate Bonds
on
'
Series
15.73
:
Quotations
Ask
Series
4.51
27%
Bankers Nat Investing—
ACommon
Bid
Par
7.76
4.12
26'A
Corp
Holding
AAmerex
Ask
Automobile
Aviation
shares
—
Equipment
5.92
Selected
Amer
7.31
8.04
Selected
Income
8.34
9.17
5.38
Food shares
,
Shares
10.36 1
2Va
U S Guarantee
Westchester Fire
'.96.77
94.85
*
Fire
11.30
*
shares—
Administered
Fully
Shares
4.28
1
!
7.95
Sovereign Investors
Spencer Trask Fund—
7.06
7.76
State Street Investment Corp
6.34
6.97
Super Corp
Merchandise shares—
6.74
7.41
Trustee Stand Invest Shs—
Mining shares
Petroleum shares
5.57
6.13
bond shares
General
Industrial Machinery
shares—
Investing
—
Price Shares
Low
Railroad
7.23
of
Amer
1
•
A Series
*
15.40''
16.40
46.89
D
."'2.34*;
1
6.88
4.17
4.93
ASeries A
—1
4.63
5.10
ASeries B
_1
-
Stand
Oil
Income
—1
Foundation Fund Inc
Holding Corp
10o
Common
5.10
Trusteed Industry Shares
4.56
shares
Utility
A Huron
4.63
shares
Tobacco
5.02
Union
24c
C
23.33
2.36
Stock Fund B
2.65
Aviation Group shares
—
7.87
New
20.76
Investment
of
Co
Investment Banking
1.02
'"v
109%
110
1964
& El 3%S—1970
107
Quaker Oats 2%s
100
100%
102 %
San
111%
112%
99%
100%
South
1959
100 %
105 %
2%s
&
Gas—
1972
108%
Power 3%s_. 1968
Colo
Southern
104'A
1959
105%
103%
104
1973
103%
104
Utah
1968
108%
108%
1961
—2.
Gas
Elec
101%
102%
Virginia Elec & Power 3s—1974
West Penn Power 3s_i
1974
105'A
105%
106%
105%
100%
101%
York Corp.
105
105%
Sunray Oil 3%s
Indiana Public Service
Natural
Carolina
3%s
101
105
Pow & Lt 3s__ 1974
Diego Gas
2%s
debs
1953
Lt
Power; &
3%s
4'As
1958
Corporations
1.15
America—10
26.34
28.63
A Blair
&
13.69
13.99
A First
Boston
Investors Fund 0
109%
109%
4%s
108%
Panhandle Eastern Pipe Line—
11.67
1.04
shares
108
106%
3%s
Jersey
Okla
18.98
Lt
&
3%s
17.28
1
Pow
Co
Northern
1.85
-1
Insurance Group
>
1973
1972
Puget Sound Pow & Lt—
102%
National Container 5s
Louisiana
16.90
(New Hampshire)
3%s series A
103%
1959
Mengel
B
Wellington Fund
10.64
92c
Bank Group shares
U S El Lt & Pwr Shares A
107%
107
1979
8.93
18.99
102%
Public Service
105% -V 106
1973
Ask
(Indiana)—
3%s series E
3s_—1974
25.67
—
Public Service
103%
1973
3%s
3%s
4%s
y
Bid
Ask
102%
1974
Lt
&
22.79
7.20
Preferred Stock Fund
1963
& El—
Florida Power & Light 3%s_1974
77c
'
Incorporated Investors
5
Independence Trust Shares
•
Institutional Securities Ltd—
Pow
Power
124.89
A
Union
1.63
25.09
Central
Florida
77c
25c
Light 3s
8.16
series
Union
1.49
—
*■
"'6.84".
B
Series
36c
6.07
Bltf
Atlanta Gas
Blackstone Valley Gas
3s
20.85
Fund
Bond
j Series
M'-fe
Shares—
•'
Steel shares
I
2.46
1
6.25
Trustee
■A*1-'
^4
3.78
Recent Bond Issues
V. 2.50'
I,
4.47
shares
Equipment shares
RR
"7.01
43.64"
AA
C
ASeries
'
"6.40
'
1
2%
3!/4
.10
33%
35%
Co
Corp
Quotations For U. S. Treasury Notes
Figures after decimal point represent one or more 32ds of a point
New York
i
Par
Bank of the Manhattan Co.—10
Bank of New York
100
Ask
Bid
23%
401 >'
413
54
56%
100
105
110%
Central Hanover Bank & Trust 20
National
Bank.
107
39%
41%
10
51%
54
20
47
49%
10
22%
24%
Exchange Bank & Trust_20
49%
51%
78
82
100 1,725
1,765
—15
Chemical Bank & Trust
Commercial National Bank &
Trust
Co
Continental
Corn
•
Bank
Empire Trust
Trust
Bank
Trust
Fulton
,
100
170
1946
1
tDec
1946
1945
15.
■xtMar 15 1947_—
%
of
b0.47
b0.61
0.58 %
b0.72
0.70 %
100.6
t%S Feb.
b0.77
0.75%
100.28
100.29
t0.90s
b0.79
0.77%
100.10
100.11
t%s Apr. 1,
1945
1,
tSept.
15,
1947
1%%:< 100.27
100.28
1948
1%%
100.15
t%s June
bO-78
0.76 %
bO.79
0.77%
Home
June
Federal Land Bank
Loan
100.4
100.6
3s
b0.90
102.15
1955-1945
1,
3s May
0.75%
Canton & Youngstown—
1988
Akron
4s
series A.
4%s series B
1988
Akron
93
98
■5%
Chicago Milw St Paul & Pacific
1st 4s
1994
103%
income
4%s A
2019
76
77
Gen
income
4%s B,
2019
63%
64%
1994
101%
102%
2019
69%
70%
income
Conv
4%s„
&
1956-1948
&
Income
Rio
42
—'—-
—:
"r
4%s
&
2018
e59 %
60%
1993
;
e83
84
Rio
Preferred
•
Grande
83%
1st
Gen
St Paul & Saulte Ste M—
income
mtge
Western
Inc
4%s
4s
4%s
106%
107%
—1991
76%
18
19
45
106%
133
134%
,
are
for discount at purchase
Bid
Ask
Aug. 31, 1944
Treasury bills-
b0.37
b0.37
b0.37
b0.37
te0.37
b0.37
July 20, 1944
18%
July 27, 1944
.19%
44%
•19%
'•
'?•
:
•
,,"46%
13%
1944
Aug. 10:1944
Aug. 17 1944
Aug. 24, 1944
Aug.
,;.45%
'r. 14%
3,
September 7,
0.28%
0.30%
0.32%
——
1944
—
September 14,
1944
1944
September 28. 1944—
October 5, 1944—
September 21,
0.32%*
0.32%
0.33%
October 13,
•
—
•———
1944—
—
—
bO.37
bO.37
b0.370
b0.370
bO.375
bO.375
bO.375
Ask
0.33%
0.33%
0.34%
0.34%
0.35%
0.35%
0.35%
•
v
Paul & Sault Ste M—
t
c
—
'
109%
['IV2
Optional v t c
Western
108%
Bid
'
44
"'
77%
—2014
Rates quoted
r
45%
.
—
.(•
St
Free
1971
Pacific—
mtge
104
106 %
1961
■. f
Minn
Minn
103%
1947
Panama Canal 3s
United States Treasury Bills
:
18%
com
•
1st 3-4s income—
1946
U S Conversion 3s
102.10
102.8
1955-1945
:-
Chicago Rock Island & Pacific—
Cdmmon 4
*
.5% preferred
.4
100
A'-': A'.
■
l:,
Denver
104.28
l88ue»
43
,82%
'
Grande—
103.29
Ask
■
Denver
103.26
104.25 '
1, 1956-1946
Youngstown-
k t
.Preferred
Chicago Rock Island & Pacific—
—
Canton
preferred
Chicago Milw St Paul & Pacific
Common
!—--
104%
-Gen
1st 4s
Bid
102.17
U 8 Conversion 3s
100
1964-1944
3%s
■Common
94
97
4s
if issued)
Ask
Bonds—
3s Jan.
Bank—
15, 1944
Bid
Ask
Bid
Federal Land Bank Bonds—
—
0.77%
1945
Obligations Of Governmental Agencies
Reorganization Rails
Stocks
bO.79
—
1945—
1
Other
Ask
0.43%
102%
0.85s
Bid
~ '
1945
t%s May 1,
15,
100.14
1945
1,
Mar.
tSept.
Federal
Bonds—
+ 10c
1, 1944
t%S Dec. 1, 1944
Commodity Credit Corp—
tl%%
Feb 15,1945
(When,
bO.OO
*%s Oct.
100.8
•;
as and
Ask
Bid
Indebtedness—
V/oS Aug. 1, 1944
t%S Sept. 1,
1944
.
Public Nat'l Bank & Trust—17%
43% ,
45%
Title Guarantee & Trust
12
11
11%
United States Trust
100 1,445
1,490
180
1%%
1%%
1945
tMar 15,
41%
54%
52%
274
39%
100.5
1945
tDec. 15,
346
17%
<
100.9
99:29
100.2
100.10
100.10
99.30
1
Int. Rate
Maturity—
Certificates
100.5
100.1
15,
Mar 15,
tMar
Ask
100.3
%
%%
%%
1%%
%%
Ask
—
——
,
50
—
National
First
&
Bid
—-100
200
Guaranty Trust
100
338
Irving Trust
10
16 %
Kings County Trust
100 1,600
Lawyers Trust
—25
38%
Manufactures Trust Co com—20
51%
Conv preferred
20
50%
Morgan (J P) & Co Inc
100
264
National City Bank
12% ' 37%
New York Trust
25
98%
Grace National
10
Brooklyn Trust
8ep 15. 1944
tSept. 15, 1944
Par
(
25
100
Bankers Trust
Chase
City Banks & Trust Cos.
Bid
Int. Rate
Maturity-
Pacific
Preferred
common-
.2
34
35
71
72
*No
par
k Removed
x
value,
to
Ex-dividend,
Stock
y
a
Odd lot sales,
Exchange,
Ex-rights,
tions not furnished
r
b Yield price,
d Deferred delivery,
Canadian market,
tin default.
by sponsor or Issuer.
s
Cash
sale—not
e
Ex-interest,
included
in
f Flat price,
range
tThese bonds are subject to all Federal taxes.
for year,
AQuota-
this week will show an
Bank clearings
Preliminary figures compiled by
advices from the chief cities
ot the country, indicate that for the week ended Satur¬
day, July 15, clearings from all cities of the United
1 States from which it is possible to obtain weekly clear¬
ings will be 6.7% above those for the corresponding
.week last year.
Our preliminary total stands at $10,;538,957,928, against $9,877,005,465 for the same week in
<1943.
At this center there is an increase for the week
ended Friday of 15.8%.
Our comparative summary for
TELEGRAPH
and the Saturday figures are not avail¬
are
District by 5.3%.
The Cleveland Reserve District enjoys a gain of 20.0%,
the Richmond Reserve District of 19.5% and the Atlanta
Reserve District of 18.0%.
In the Chicago Reserve Dis¬
trict the totals record an increase of 15.2%, in the St.
Louis Reserve District of 23.9% and in the Minneapolis
Reserve District of 7.3%.- The Kansas City Reserve Dis¬
trict is able to show an improvement of 1.7%, the Dallas
present further below we are able to give the final
complete results for the Week previous—the week
ended July 8.
For that week there was an increase of
we
and
26.1%, the aggregate of clearings for the whole country
amounted to $9,486,115,671, against $7,525,236,369 in the same week in 1943.
Outside of this city there
was
an
increase of 5.3%, the bank clearings at this
having
In the following we
furnish
District by
larger by 40.3%, in the Boston Reserve
21.9% and in the Philadelphia Reserve
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
able at time of
(
having recorded
the cities according to
which they are located
today, in as much as the week
We cannot furnish them
ends Saturday
'the week follows: J
BY
foregoing will appear
the
based upon telegraphic
CLEARINGS—RETURNS
an increase of 41.0%.
We group
the Federal Reserve Districts in
and from this it appears that in
the New York District (including this city) the totals
center
the week covered by
in our issue of next week.
Complete and exact details for
increase com¬
pared with a year ago.
us,
CLEARINGS
BANK
OF
COURSE
THE
1944
Monday, July 17
FINANCIAL CHRONICLE
THE COMMERCIAL &
260
and the San Francisco Reserve
Reserve District of 2.9%
District of 5.0%.
'
;
"
a summary by Federal Reserve Districts:
Per
1944
July 15
Week Ending
■few York
'■
—?
488,769,059
Chicago
538,000,000
-
€
1st
New York
Philadelphia
3d
171,796,523
7.3
157,400,000
147,400.000
6.8
4th
Cleveland
218.400,000
5.5
5th
Richmond.-
3.9
6th
Atlanta
184,403,204
,Bt. Louis
.Ban Francisco
Pittsburgh
206,022,220
198,351,453
200,009,440
202,001.066
1.0
7th
Cleveland
Chicago
129,688,207
125,063,081
3.7
8th
St.
$7,549,949,157
1,232,515,775
$6,733,203,195
Baltimore
r
five days
cities, five days__
Ten cities,
Other
+ 12.1
—17.8
1,498,842,290
$8,782,464,932
1,756,492,996
$8,232,045,485
1,644,959,980
+
6.8
$10,538,957,928
$9,877,005,465
+
6.7
cities,
one
for
follow:
...piL-W'
1944
shares
Bonds
•vW
:
.
1944
*
1943
V
:
:
•
.
171,484,418
131,342,925
23,415,845
37,712,751
-
:
1943 VV
.
• ••
Six Months
V
Month of June
Description.......
U
bonds
.
$1,539,496,800 $1,936,896,900
w v
8,494,000
58,052,500
66,416,200
$231,086,700 $227,204,900
—
-Foreign govern't
••
i'ii bonds
.12,261,000
bonds
,
+
The volume of transactions in
5th
March
1st
Quarter—__
April
—„
6th
,
May
——
June
2nd
1941
;
The
course
—
No. Shares
8th
St.
12.993,665
13.312.&60
9th
36,997,243
8,587,828
8,969,195
10,124,024
79,463,469
33,553,559
35,051,545
29,507.254
32,406,179
12th San
7,589.297
11,185,760
9,667.050
23,415,845
7,466,443
92,020,949
22,284,837
51,792,091
pin the subjoined statement.
1
BANK
Boston
2,298
Francisco
1,798,323,325V
'
4,551,647,393
_•
+
Outside
Y.
N.
We append
years,
+
'
'
Boston
New
'jfc
—
2,116,043,231
42,307,638,393
+
19,8
33,509,696,885
30,652,412,170
21,281,016,345
+
12.8
16,424,591,217
14,599,067,537
1944
;
Dec.
1943
%
1942
.
—,
'
1941
•
$ VL V
$vv
yy +' 3.4
10,392,571,357
9,211,306.858
y 8!005,15S;962
144,204,893,475
127,059,987,834
+13.5
96,189,682.732
92,076,612,276
17,091,328,393
16,494,122,209
+
3.6
14.917,057,512
13,182,848,258
16,476,903,099
15,177,922,465
+
4.4
13,033,123,233
10,621,951,214
7,237,966,746
6,673,422,940
+
8.5
5.677,984,728
10,569,247,501
8,895,797,774
+ 18.8
7,342,874,855
5,998,268,249
23,346,709,427
,+11.3
19,345,206,989
16,359,585,622
6,945,116,554
+ 10.4
5,770,774,042
4,863,724.361
4,767,711,462
+ 11.0
3,174,783,034
7.4
3,835,902,934
6,444,878,719
+ 14.5
4,649,761.933
3,816,032,428
$
y
4th
Cleveland
17
"
5th
Richmond
8
"
7th
15,825
14,254
12,544
8th
St.
4,151
3,425
2,822
9th
Minneapolis
>'
"
—16
Atlanta
31
"
25,994,088,166
7
"
16
7,667,828.166
5,291,084,386
^_16
"
"
11
"
Chicago
Louis
1,205
1,134
969
783
6,706
6,160
5,231
4,266
10th Kansas
1,279
1,080
907
772
7,122
6,175
5,157
4,251
11th Dallas
736
651
533
501
3,931
3,660
2,941
2,531
464
402
339
2,885
2,671
2,321
City
.
-
9,253,548,556
+
8,617,112,225
6,520,424,922
5,693,403,320
809
632
498
4,893
4,690
3,593
2,809
995
931
816
' 636
5,516
5,143
4.404
4.890.510,009
5,304,585,960
13,263,631,102
12,111,437,323
'9.5
9,776,644,254
7,887,843,059
274,319,148,099
246,175,314,890
+ 11.4
196,195,198,789
176,181,950,432
123,313,434,773
+
9.3
100,005,516,057
84,105,338,156
V +
1,895
850
3,480
;
559
430
374
3,524
3,135
2,433
1,997
400
349
277
216
2,256
2,038
1,584
Francisco
12th San
Total.
;
"
19
;
186 cities
;
„
1,279
1,583
1,367
1,035
765
9,689
8,456
5,737
347
276
242
215
1,843
1,714
1,419
1,228
289
301
217
155
1,889
1,772
1,173
96
72
75
71
452
427
Outside
N.
Y. City
134,801,447,668
A
4,211
Louisville.
—
—
145
132
237
195
205
163
•
compilation
730
1,309
1,072
1,103
950
780
223
177
147
1,459
1,284
935
Ind'apolis-
136
135
122
108
759
751
701
607
Richmond
342
-Clearings,
_
260
293
17
1,920
1,725
100
1,446
j
Memphis
177
160
127
126
1.095
1,020
871
764
Seattle
416
339
325
235
2,273
2,278
1,763
96
79
709
•'682
557
454
65
65
424
•'384
378
352
February
43,591,816,956
March
+
38,104.684,580
34,995,819,487
43,052,524,494
46,102,505,138
48,613,161,624
$
Dec. %
22,809,158,872
21,290,328,895
23,497,275,956
21.0
+ 24.6
_—
+ 12.9
•'.Salt L. C'y
Hartford
VTotal
:
83
_
174,640 156,530
196,195 176,181
Total
2nd
100,005
Total
6
24,005 21,281
Out. N.Y.C.
30,652 274.319 246,175
16,424 14,599
134,801
123,313
21,555
vv
42,393,400,887
42,945,255.965
June
50,673,007,529
-
19,651
84,105
add
now
our
+ 19.4
+
5.9
.,+ 13.2
59,718,138,002
21,781,885,556
20,532,394,870
+
24,005,352,890
4.3
1.1
21,281,016.345
+ 12.8
+ 19.8
—
1.9
6.4
67,204,683,945
detailed statement showing the fig ures for
-Month
Clearings
months
'.+
274,319,148,099
11.4
63,595,296,771
+
5.7
134,801,447,668
123,313,434,773
+
9.3
4.6
+
130,022,286,329
246,175,314,890
136,011,664,381
quarter-
Fall
3,428,250
15,787,785
•"» 1,774^705,987
■17,154,287
Inc.
•
Bedford
^
--
—
Springfield
22,557,218
19,208,700
8.0
91,509.911
93,907,685
25.9
+
1.0
16.5
1,977,758
r
+ 17.3
5,424,920
.
+
20,112,922
•
+ 12.9
83,839,108
66,779,175
+ 25.5
*
;
27,330,722
+
11.6
161.031,836
*
-
326.106
~~371~618
+ 16.0
11.521,360
29,247,522
+
<+
3.2
69,553,247
+
384.686,938
+
2.9
—.
Waterbury
I.—Providence
8,514,700
-
96,492,400
8.216,800
72,637,700
3.6
.46,779.800
•'
+ 32.9
452,251,300
:
5.9
17,336,564
+
•
.
.
i
49,113,400
427.004,100
—
■
16,146,955,
7,031,941
4,960,826
(14 cities)
3,359,386
2,067,825,513
3,171,025
1,653,641,900
+
+ 25.0
•
10^748.203,587
15,971,082
10,392,571,357
1,093,321
-
849,264
~¥3~4/758
v
978,067
4.3
2,886,506
14.588,973
6,002,984
5,536,697
17,196200
18.056300
14,¥89~800
'"+~2T
+
8,5
1,360,254
502,944
+170.5
716749
317,125,383
+ 21.9
382,776,020
386,714,176
13.040.874
1.7
15,215,700
3.4
897.364
4,673,697
3,409.875
*
+ 41.8
—
..
-
5.9
+
-v,
4,739,396
-
+
"
<11, H.—Manchester
800.073
2,647,254
257,792,946
"565JL74
•
8.0
+14.2
2,499,520
15,867,950
-
New Haven
<
5.0
+
<
-3,999,611
2,853,659
10.4
+
72,788,904
-
V
4,713.681
"
4.7
156,463,360
4,320.930
-
+
1,096,830
1,151,248
9.8
113,423,841
1941
328,330,358 :;
+ 24.7.
9.3
V
960,111
+14.0
1,027,362
6.1
424,662,270
30,509,743
Oonn.—Hartford
-11,750,483
+
5.4
+
32,102,275
13,260,522
„.
940,231
3.0
+
-
$
—12.3
+
117,028.848
,
1942
■'
+ 29.9
3,654,005
267,328,115
12,445,886
<
12,361.809
•
4.1
+ 11.9
780,440
3.203,029
1,014,046
23,864,680
13,208,498
or
Dec. %
$
2.6
+17.4
—
333,296,439
25,142,925
+
—
8,986.159,556
9,259,441.429
4,178,527
•1,974,022
5,644.878
$
•
Inc.
1943
1944
Dec. %
+ 30.4
—
1,409.505,309
2,320,274
w
Inc. or
$
$
+
22,500,291
Week Ended July 8-
1943
1944
or
Dec. %
2,200,229
River
Worcester
$
ended July 8 for four years:
-Jan. 1 to June 30—
4,220.752
.
Lowell
New
1943
4.469,458
Portland
each city for the month of June and the we ek
June-
$
Boston—
Me.—Bangor—_i.
MmsJ—Boston
Holyo^e
of
1944
at—
First Federal Reserve District-
«j®.
•;—<
.
67,596,763,723
,21,359,926,087
21,839,404,968
r
+ 19.1
116,153,028,561
44,288,365,408
43,426,282,528
42,307,638,393
138,307,483,718
%
+ 15.8
19,702,118,370
17,826,393,291
22,189,626,341
•
We
■
•
'
50,673 42,307 33,509
Total all
'
Total 1st quarter
April
45.578 37,837 30,839 27.640 244,534 220,822
5,093
4,470
2,670
3,012
29,785
25,353
—
Oth. cities
; v
66
Inc. or
Dec.
$
v.
1,300
12?" "117
$
1943
1944
Inc. or
1943
$
January
Clearings Outside New York-
Total All—
1944
Month-
868
—
months since Jan. 1, 1944 and 1943:
CLEARINGS
MONTHLY
607
870
1,474
243
Denver
the clearings by
covers
367
■
1,211
•
The following
883
406
937
143
221
■
1,720
103
271
f
6 Months
6 Months
Inc. or
6 Months
'
Districts in the six months for four
Reserve
"
6th
301
.
1,428,549,970.
1,756,460,203
"
6,796
173
,
656,801,083
769,961,186'
17
9,483
16,345
4,660
Federal
$' vpfev.ty10,748,203,587
'-'*?■?v:' : yy ■
14 cities
„
7,867
Milwaukee
1
534,574,039
1,155,175,455 V
5.9
1'4
York
10,510
Buffalo
!St.' Paul—
,
592,258,702
678,620,433
+ 11.3
,
New
8,986
536
Providence
■
886,265.626
50,673,007,529
6 Months
88,784
Omaha
v
-V
989,111,123
+ 12.4
V
$
635
Detroit
(
2,952,222,365
+ 14.8
+
996,988,023
•
r
3,401,132,004 -
Philadelphia
11,381
2,163
Orl.„
910;767,566
1,215,211,091
+ 15.1
3d
9,259
608
Minn.
1,936,027,903
17.4
+14.8
*
Federal Reserve Districts
12,540
2,399
_
2,289,432,549
1,010,981,516 v
2d
517
Cleveland
2,521,791,412 :
2,374,854,189
8.7
1,485,774,581
another table showing the clearings by
'
1
1,195
743
_
>
7.B
+
+ 15.0
1,010,134.734
24,005,352,890
vy-vv
1,720
1,409
City
17,085,105,668 V?
+
•i''"-
$
1,415,179.711
16,053,344.633
-
1,573,239,622
City
1,768
2,668
Cincin.
Kans.
1941
1942
1,551,292,605
25.1
+ 26.1
'
.Baltimore
In the Kansas City
5.9%, in the Dallas Re¬
1,159,737,442
2,377,408,609
186 Cities
1,984
831
Fran._
!'V 857,533,287
V
92,545
;
$
1,774
Pittsburgh-
14.8% and in the Minne¬
Dec. %
954,278,034
"
,
2,997,089,329
7
"
16-"
16
'«
y
11 r M Vl■/.
19
"
Total
ist
1941
1942
15,483* 139,517 !122,861
1,311
Louis-
^San
16,464
2,852
v
C—y
Phila.
St.
larger by 15.1%, in the
are
Inc. or*
1943
-'/.y $
1,367,918,254
1,333,074,509
City
v.vvvy.'
1943
$
$
$
-
26,667 21,026
Chicago
l
$
$
York_
1944
1941
1942
1943
1944
omitted!
New
.¥¥. -■■V,
•
CLEARINGS AT LEADING CITIES IN .TUNE FOR 4 YEARS
Month of June
Jan. 1 to June 30
;•(000,000
10th Kansas
at leading cities of the
of bank clearings
the month of June and the six months
ended with June in each of the last four years is shown
,
District the totals
63,720,802
for
country
the Richmond Reserve District of 15.0% and
17.4%; In the Chicago
1,653,641,900
21,821,339,175
2,784,895,613
2,739,582,575
1,159,458,341
1,531,265,438
3,956,174,534
1,191,794,984
2,976,648,680
11th Dallas
171,484,418
3,402,258,204
District 12.4%.
V
V
Minneapolis
7,925,761
68,787,721
;
District 14.8%' and in the San Francisco Reserve
serve
■'
y:
Louis
No. Shares
131,342,925
.6,684,354,838
3,754,420,113
Reserve District the increase is
*
"
"
"
31
•
18,032,142
24,434,084
10,461,813
31,314,623
Quarter——
months
83,650.937
350,655,996
"
7,506,175,786
apolis Reserve District by 11.3%.
2,067,825,513
27,515,810,819
"
.16
Chicago
1942
>
17
8
No. Shares
37,712,751
—
Six
102,386,500
395,537,695
<
St. Louis Reserve District by
of
17
;
-
—
Atlanta
7th
7,229.097
+5.0
V
+ /5.3
Reserve
1944
(
Richmond
of 1941
62,555,204
13,846,590
17,228,380
—
,
..
in the Atlanta Reserve District of
and in
$
York
New
27,643,038
February
I
;
-
Philadelphia
Cleveland
17,811,394
17,100,772
January——
I
+26.1
of 8.7%, in
19.8%, the
expansion
an
_14 cities
14
"
4th
■>
'
;
2.9-
7,525,236,369
#
District of 7.6%. In the Cleve¬
Boston
No. Shares
of
Month
houses of
Federal Reserve Districts
2d
1943
1944
;
1.7
+
land Reserve District the totals record an improvement
3d
following:
to 1944 is indicated in the
'■
3,590,457.099
9,486,115,671
of the clearings for
register
totals
the
the Philadelphia Reserve
$1,601,117,400 $2,004,987,000
New York Stock Exchange for the six months
1
+7.3
+
424,627,727
aggregate $42,307,638,393. In the New York
District
share properties on the
bonds— $243,783,600 $236,099,100
Total
,
+23.9
122,440.156
For that month there was a decrease
Month of June—
1,673,900
3,568,100
400,200
435,900
—
+15.2
'
248,404,765
125,930,907
445,888,165
3,780,880,352
body of clearing
entire
Reserve
1st
,
164,632,729
aggregate of clearings having been $50,673,007,529,
and the 1943
V. 8. government
.
176,635,110
252,630,878
,
+18.0
204,889,748
26.1%, in the Boston Reserve District of 25.0%
■
Railroad & misc.
.
the
1944
(Stock, number of
253,830,800
!'
284,634,650
572,535,262
City
We also furnish today a summary
and 1943
for June and the six months of 1944
; results
219,668,209
496,998,012
308,843,623
.,
3,882,344,650
3,561,376,803
584,304,806
510,243,880
495,284,253,
V-:
403,211,287
240,068,591;.:
228,660,994
285,480,257
,
236,230,763
532,230,669
484,060,754
215,019.846
°
198,520,724
163,448,595
rJl'Z.ik"' 141,248,117
227,253,904
,
177,650,960
5.3
+20.0
+19.5
+
448,391,131
yyv, 1941jj"V
*• •• V;
.
382,776,020
'
.
+40.3
528,229,270
335,718,641
111 cities
Y.
Outside N.
the month of June.
Stock
York
New
the
Francisco
+21.9
4,065.194,589
,
Total
detailed statement of transactions
Exchange is appended. sThe
Our usual monthly
>©n
...
11th Dallas
12th San
five days
day
Tot. all cities,
10th
386,714,176
p
6.7
+
All
Louis
Minneapolis
Kansas City
9th
Total all Cities for week
; *
^
_
.
$
317,125,383
5,705,235,319
556,044,668
538,179,505
262,403,118
.12 Cities
12
"
10 "
7 "
6
"
10 "
17 "
4 "
7 "
;
10 "
6
"
;
10 "
•
_v
1942
Vv'jy Inc. or
'".-.'■■-'V -V Dec. %
1943
■'/. .v:
$
Boston
2d
230,501,000'
City
Kansas
19
303,100,189
OF BANK CLEARINGS
1944
Federal Reserve Districts
1.5
+
528,000,000
307,626,895
Philadelphia
Boston
14.5
+
'
Week Ending July 8
+ 15.8
$4,412,282,221
426,808,662
$5,107,529,132
SUMMARY
Cent
1943
v,.V
,
-i'
702.521
308,843,623
Volume
THE COMMERCIAL & FINANCIAL CHRONICLE
-Number 4299
160
261
r.
-Month
'r
.
'Y:
•
(9.
82,639,558
s
30,065,073
-
York
—
Rochester
.
Utica
—
-
-
Conn.—Stamford
J.—Montclair
N.
Newark
V"
-
u
Northern
N.
J.
L
—
4,794,361
i
27,515,816,819
Oranges
'
Y'vY''/Y'vY. Y'Y?
(14 cities)
Total
—«
■
1943
$
%
%
Dec.
Inc.
1942
or
Dec. %
1941
$
.
.392,298,592
371,125,668
.
1.3
42.400.393
$
30.5
31,198,148
+ 26.8
139,517,700,431
+ 23.9
312,705,996
+
0.9
178,010,821
+
6.0
31,905,166
32,078,029
1.5
+
+
38,264,832
29,573,608
3.8
—
1,571,618
+ 17.3
51,000,000
43,000,000
+ 36.1
1,432,176
2.4
+234,399
1,117,136
3,934,779,270
+ 41.0
3,751,755,673
3,434,748,060
9,263,108
+ 45.4
10,514,309
11,636,484
5,507,366
+ 14.9
1,144,880
1,173,122
+ 13.6
5,548,811,488
+
11.4
13,465,884
+
9.3
6,325,212
-
.
955,037
—
+ 14.2
776,585
5,874,976
5,649,852
0
•
0.5
—
178,868,923
,
+ 32.5
49,000,000
1,300,119
+ 15.9
.
204,200,794
-
1,21+285
57,494,000
•
1.0
+
7,212,779
+ 21.4
7,675,290
1,219,644
1,608,406
+ 16.6
1,474,981,671
29,283,315
26,909,552
122,861,880,117
280,827,949
162,905,332
5,651,782
6,862,773
6.7
+
39,725,746
1,720,310,945
+
5.4
—
6,936,255
8,017,589
+ 15.6
6,259,531
'
4,967,067
1,702,159
+ 20.8
10,836,291
10,305,416
+
5.2
694,035
294,295
—64.2
390,315
395,718
108,915,677
+ 20.1
716,145,896
658,298,968
+
8.8
26,074,236
21,515,515
+ 21.2
19,473,516
20,843,497
8.7
1,011.896,643
888,473,268
+ 13.9
33,436,697
28,904,554
+ 15.7
25,625,358
29,347,470
5,705,235,319
4,065,194,589
+ 40.3
3,882,344,650
3,561,376,803
529,663
+ 38.3
163,531,511
+
-
+ 18.5
4,047,007
21,821,339,175
;
144,204,893,475
.
; ~
+ 16.1
23,150,956
•
26,882,675
+ 20.1
i
; 127,059,987,834
+13.5
.
District—Philadelphia—
Reserve
Federal
Third
'
1944
Inc. or
$
V+11.3
5,795,722
Syracuse
"
,—24.3
29,789,263
" 6,142,350
36,828,214
2,055,609
130,835,094
177,735,457
-
—
Jamestown
New
1943
$
Dec. %
6,487,271
271,006,531
4,930,877
4,245,414
21.026,622,048
47,117,983
—
Buffalo
Elmira
1944
Inc.or
108,882,880
.
6.573,772
301,564,018
——
5,003,509
.—.5,539,253
26,667,654,639
58,385,912
Binehamton
'
*.
•
District—New York—
Reserve
Y.—Albany
$
Week Ended July 8
-Jan. 1 to June 30-
June-
<1943
1944
$
■;
.
piearlngs at—
Second Federal
of
26.7
+ 25.9
732,714
570,195
641,508
Pa.—Altoona
2,800,619
2,209,927
15,349,608
12,193,485
Bethlehem
4,676,127
3,463,690
4,524,818
+
3.3
23,955,153
24,508,247
2.3
754,907
648,14+.*
+ 16.5
734,776
660,029
2,615,647
+
32.5
22,150,089
14,568,550
+ 52.1
677,035
652,635
+
3.7
575,000
/ 534,693
2,080,155
M45/728
"+43~9
1,787,569
1,650/362
534,000,000
512,000,000
568,000,000
494,000,000
Chester
-
11,408,989
+
8.3
74,269,083
71,203,062
6,833,959
+
26.6
45,841,991
41,161,949
+ 11.4
2,455,784
+
4.8
14,875,412
13,692,249
+
8.6
2,704,115
2,668,000,000
6,770,385
+
28.6
17,013,692
14,432,185
+
17.9
6.9
16,345)000,000
15,825,000,000
+
3.3
+
8.6
39,892,648
36,474,885
+
9.4
1,590,771
1,472,063
1,957,920
2,161,744
13,332,212
10,925,119
+
22.0
75,894,475
70,030,142
+
8.4
3,089,043
2,756,412
7,299,543
' 7,396,104
6,073,759
+ 20.2
40,383,701
36,483.972
+ 10.7
1,663,861
2,727,441
1,165,748
1,271,172
2,975,452
Y 1,476,886
—12.9
1,964,282
1,606,051
2,474,362
1,760,106
2,573,017
3,477,545
Reading
Scranton
I
Wilkes-Barre
York
—
Pottsville
Bois
;
—-
^
-yv
7.4
20,098,341
18,001,531
+ 11.6
+
8.4
144,339,029
127,928,125
+ 12.8
+
75.7
153,821,500
124,709,700
+ 23.4
9,491,900
.5,918,800
2,784,895,613
+
7.6
17,091,328,393
16,494,122,209
3.6
556,044,668
528,229,270
15,756,351
464,550,823
931,238,307
+
21.6
10+190,965
84,448,871
+
11.4
2,885,054,859
2,671,413,179
+
8.0
7.3
87,41+300
63,699,500
5,143,288,657
391,912,100
+
2,847,876
+ 23.3
21,08+859
18,594,989
+
1,280,938
+
31.9
8,963,998
+ 37.0
+
9.7
57,419,734
6,543,492
52,822,480
+
8.7
+16.6
,93,149,082
89,408,023
+
4.2
44,407,111
+ 25.0
19,162,424
517,502,346
—
>
\
Lorain
10,106,648
Mansfield
P.
Youngstown
Newark
15,094,099
Co.
Pa.—Beaver
+ 10.8
55,502,127
+
26.8
261,937,054
1,500,000
0.8
8,381,843
1,51+367
812,896
1,134,944,134
+
City
—
,
13,46+598
.;■>+
+
15,880,109 J;
1,417,516,
8.1
6,182,000
1,961,555
156,484,638
1,159,458,341
a——:•
---
—
Meridian
Vicksburg
8,504,871
223,162,413
15,699,905
228,622,673
20,119,897
8,072,838
13,416,000
*12,000,000
2,965,692
.947,351
Cities)
Federal Reserve
3,207,576
1,583,772,991
8,104,133
23,196,147
—
-
t
<
:
+ 11.4
1,725,018,819.
58,041,511
57,623,805
—
0.7
Lansing
———
Bend Y
Haute
—...
Milwaukee
-—
Y-Y 19,631,921
39,395,054
Y' :' ; 8,869,978
173,733,703
2,465,065
4,315,442
Sheboygan
'
832,127
2,630,968
10,332,195
66,288,503
Waiertown
—
la.—Cedar Rapids
Moines
—
City
33,654,534
?
Ames
01.—Aurora
Bloomington
Chicago
——
-
1,182,102
3,433,794
2,724,542
/Y 2,293,113 379*
~
"
8,54^ 553
•
-
27,253,503
10,517,181
J
*
Rockford
Y
-
8,761,208
*750,000'
Springfield
Sterling
z
—
4,551,647,393
403,211,287
•
1,137,964
776,600
5,253,000
64,071,666 feu
+17.7
5,921,000
5,397,000
58,162,732
tY
+ 10.2
57,426,734
56,703,719
1,764,187
+ 14.9
2,363,745
2,291,481
118,961~072
"+~22.6
132,598,799
126,284^850
42,883/275
34,418~547
"+2+6
40,620,349
37,207344
262,403,118
219,668,209
+ 19.5
240,068,591
228,660,994
2,026,879 j/
1.4
7:4
+
2.7
+ 20.1
1,022,672,205
3,660.473.350
12,855,515
943,512,107
+
+ 21.9
3,931.045.205
14,198,644
+
8.4
7,237,966,746
6,673,422,940
+
8.5
288,106,784
203,990,596
914,160,581
+ 43.3
+ 11.6
31,544,976
30,869,779
+
2.2
30,980,016
31,429,797
2,991,400,000
57,226,488
50,237,383
+ 23.1
124,500,000
102,100,000
+
21.9
104,500,000
93,000,000
+
6.8
.2,252,479
2,152,300,
2,048,206
+
2.8
13.0
+ 49 1
•
1,019,§78,700
+ 10.2
3,683,000,000
+ 18.8
+
10.6
+
15.5
61,143,111
51.-640.675
5.1
14.8
1,311,446,698
+
—
20,141,332
—
04,035,*633
1,405,720,950
0.1
122,137,508
+ 33.2
6,060,771
13.8
+ 26.7
•
45,487,334
145,821,782
8,125,705
9,906,928
fYr
f
41,738,079
*.+ 29.6
9.1
+
5.955,447
7,011,241
+ 21.9
-
{ty
l/725"00O
1.658,392
2.9
2,534,284
2,323,045
+ 16.4
41,763,510
37,238,253
+ 12.2
33,035,740
19,87+000
+ 33.5
40,Tie, 491
30,39+103
"+3+3
36,7+}" 771
29,7l7o91
4.6
4,099,392
4,124,117
0.6
+989,456
2,980,664
—
51,960,510
1,126,942,854
81,921,100
1,052,964,672
128,089,457
38,785,270
50,428,732
+
8,960,777
194,380,189
13,790,934
180,382,178
,
+ 14.8
—
—
+ 17.3
4.3
7.4
76,076,000
72,972,000
+
12.7
80,330,336
64,474,349
+ 24.6
2,474,553
+ 19.8
17,661,158
+
824,648
+ 14.9
5,869,715
17,049,136
5,264,901
+ 11.5
260,120
218,895
+ 21.6
211,939
198,938
14.6
2,256,184,257
2,038,358,477
+ 10.7
78,034,451
67,502,674
+ 15.6
64,525,794
49,155,228
10,569,247,501
8,895,797,774
+ 18.8
335,718,641
284,634,650
+ 17.9
285,480,257
236,230,763
854,610
516,077
+ 65.6
611,924
685,3^3
12,489,000
+
10,646,432
.
+
+
+ 17.4
3.6
+
6.7
16,538,380
15,50+513
1,367,432,873
6,896,443
+ 15.8
9,689,949,071
+ 17.5
44,667,077
8,456,100,675
46,211,283
21,046.909
+ 10.2
140,019,031
4,063,816
14,167,269
6,233,005
+
5.1
25,167,356
+ 21.5
103,677,334
84,951,593
+ 22.0
+ 18.5
44,376,348
35,991,846
+ 23.3
4,143,616
—18.7
23,623,752
4.9
13,415,765
+ 12.4
82,706,828
22,517,630
76,274,085
+
+
8.4
1.2
149,729,685
141,086,052
+
6.1
0.5
759,342,689
75+959,971
90,783,973
+ 30.2
2,463,740
:
+
■
+ 14.6
-
—
3.3
5,271,744
4,376,320
+ 20.5
+090/569
3,960,237
2,908~6ll
2,076/359
"+40~1
2,981~510
+73+^3
3,628,111
2,909,615
+ 24.7
2"8~7~6,82l
27306,575
+ 10.0
26,199,000
25~3~92~000
"+"7.2
34,lTl~000
27742+000
+ 13.0
4,081,472
7,645,577
4,210,193
30,056,011
+ 15.1
121,623,602
26,028,193
—
3.3
'
,
26,896,893
135,355,981
26,583,609
136,021,881
+ 27.9
n
+
:
*
15,084,114
Wayne
Gary
Indianapolis
1,108,671
>
495,284,253
+ 20.0-
85,502,247
8,035,713
.4,273,010
17,216,232
7,383,203
3,370,745
V' Muskegon
Y Bay City
Total (31 cities)
,Y 1,920,085,846
+
District—Chicago-
Grand Rapids
'
160,92+680
■
86,672,513
+
1,531,265,438
Arbor
Flint
1
-
3.8
9.530,015
400,682,047
Y Jackson
r
448,391,131
538,179,505
'
349,717,366
"j;
Detroit
'
■:?
«
4.1
+
39 o*O.o«0
1,798,323,325
Orleans
«,
+
155,351,470
526,400,000
625,600,000
10,541,005
—«.
1
Y
•
21.9
„+16.8
•
171,223,710
Y
——
-
Peoria
/
+ 15.0
+
District—Atlanta—
—-—--
Decatur
207,316,744
Y—
+ 14.4
Miss.—Hattiesburg
Sioux
+ 29.7
—,—
28,336,391
.
.
185,400,030
240,406,213
,
1.8
159,683,000
Montgomery
Des
—
32,422,529
+ 19.7
4,954.877
26,998,000
293,468,036
Y:
9,828,869
14,172,080
651,590,286
Ala.—Birmingham
.
7.9
93,747,982
172,546,000
+
5,929,318
32,914,000
342,659,050
10,230,128
14,712,787
736,244,377
2,391,559
187,993,290
-
971s.—Madison
i*
2.7
+ 74.4
Pla.—Jacksonville
Manitowoc
8.9
+
15,177,922,465
——
--
+
74,337,525
16,476,903,099
Columbus
Oshkosh
—
8.7
47,450,495
Tampa
■
■
1,333,074,509
Ga.—Atlanta
South
,
2,739,582,575
• -
—-
—
+
+ 17.9
!
Nashville
Z
3,505,442
+ 20.0
*
Sixth Federal Reserve
bid.—Ft.
2,055,470
3,479,643
53,258,256
Tenn.—Knoxville
,
2,290,440
4.7
50,740,620
—
Total (8 cities)
Seventh
—16.1
3,503,789
60,869,872
"
Mich—Ann
2,385,132
3,668,286
62,799,554
c.—Washington
(16
2,00+491
Y
+ 21.0
—
Frederick
Total
+ 77.8
+ 31.5
—
Md.—Baltimore
La.—New
11,220,600
5,993,531
Y
C.—Charleston
^ Jackson
10,529,700
159,978,454
10,104,605
'
;
Columbia
Mobile
13,373,100
17+062,392
-19,954,800
District—Richmond—
Reserve
Richmond
Macon
4,888,850
92,081,882
142,921,760
2.9
8,628,144
\
3,705,454
-79,571,783
176,151,125
+ 14.5
6,160,650,999
7.6
4,255,270
88,417,931
8.8
+
13.4
80,177,435
■
•
+ 64.9
+ 12.3
"
+ 16.7
6,706,648,457
6.3
:
>
3,046,793
82,856,333
2,976,648,680
—
W. Va.—Huntington
Va.—Norfolk
——
'"Augusta
510,243,880
•
.
YY Total (17 cities)
Federal
4,383+00
-584,304,806
5,023,590
h
7,880,275
Y, 12,229,522
J
Va.—Wheeling
••
4,177,400
5.3
+
93,062,733
+23.4
4,754,977
6.2
Y-14,310,364
Y -17,090,906
;
uv,
—
—37.1
511,435
iw.,; +•;
+
228,831,187
+
1,205,158,134
Ky.—Lexington
i
:
10,303,659
—
—
Erie
■V
457,185,300
42,895,597
Grecnsburg
Terre
5,516,704,101
•
11,419,576
Pittsburgh
•
37.2
54,402,758
—
Toledo
—
6.9
+
9,215,552
Y 17,592,958
+
•
'
■
Y
t
1,689,513
-
>
+ 58.7
1
2,997,089,329
\; Hamilton
D,
3.0
District—Cleveland-
Cleveland
8.
+ 16.4
—
+
■' ■
//
Federal Reserve
Columbus
.*•'
1,120,902
4,535,956
995,157,720
"• •'
1.
Cincinnati
Fifth
8,387,168
4,400,369
22,161,200
Ohio—Canton
<
50,811,003
9,760,390
3,511,434
M
Total (17 cities)
Oil
44,276,911
+ 23.5
—29.2
—
3,245,068
*
J.—Trenton
W.
4.7
1,436,742
24,646,505
Hazleton
Fourth
+
7,762,694
1,774,314
793,107
3,484,943
26,711,364
38,944,000
—
Del.—Wilmington
,
.
2,852,000,000
7,354,389
Philadelphia
N.
4.3
12,357,961
v
—
Norristown
Du
.
—8,648,394
Lebanon
r
—
+
Harrisburg
y Lancaster
'■
+
—
+
18,221,115
7.7
+
102,577,014
t
/,
208,021,133
+ 19.4
32,992,570
,Y.,
55,817,008
+ 19.4
9,089,530
145,488,445
2,574,822
937,840,928
4.3
15,824,516
25,134,596
921,982
5,254,531
■
7.8
+
7.7
0.7
3,471,400
6,216,732
+ 23.0
8,311,483
2,944,604
7,225,7^7
28,l53~394
"+"75
30,76+578
25,27+703
+
,
8.9
+ 11.6
14,460,768
+
4.8
*
+ 14.8
57,875,910
49,734,320
+16.4
1,772,482
1,665,010
58,121,199
+
14.1
401,599,697
359,265,248
+ 11.8
12,810,507
12,750,196
29,053,298
+
15.8
195,026,793
170.858,736
+ 14.1
5,769,315
6,420,292
+
8,999,985
—
+ 10.2
+709,960
15,160,711
9.7
—
6.8
+
23,073,982
+ 10.7
3,898,646
*2,439,843
3.8
+
870,705,171
14,359,078
—
•
—
216,285,213
52,273,174
2.4
—
v-
a
+
6.5
1,852,511
1,527,968
+
0.5
13,195,231
11,309.965
—10.1
6,217,160
4,962,736
25.7
5,985,813
5,722,932
+
4.6
4,012,434
—14.4
18,640,073
18,127,079
+
2.8
+ 12.2
15,185,588
12,829,067
+ 18.4
684,343
450,472
51.9
518,684
386,591
2,427,997
1,984,621,502
+15.8
12,540,765.868
11,381,870,432
+ 10.2
459,009,538
389,969,881
+ 17.7
408,563,261
384,113,676
+ 66.9
1,863,759
1,335,336
940,531
+
+ 27.1
38,119.218
2,071,645
1,241,129
+
1.4
5,091,365
6,965,881
—26.9
8,535,120
+
2.6
+ 28.9
1,689,823
—21.5
2,438,009
2,230,949
'+960,163
0.3
2,569,447
2,111,484
1,993,438
+
572,535,262
496,998,012
+ 15.2
532,230,669
484,060)754
150,000,000
123,900,000
+
21.1
126,800,000
119,200,000
67,752,809
34,966,991
54,211,352
+
25.0
57,020,608
25,832,396
+
35.4
30,338,238
i,m,6oo
946,000
+ 36.1
48.457,005
22.473,509
+ 21.3
152,656,948
11,791.077
—10.8
59,087,494
0.7
48.414,328
57,577,384
48,25+174
884,070
—15.2
4,964,661
5,478,289
3,956,174,534
+ 15.1
25,994,088,166
23,346,709,427
118
4,660,0*5,264
4,151.098.680
+ 12.3
+ 12.6
30.853,935
26.905,894
+ 14.7
4 5*5.511
+ 16.3
6,281,855
8,823 814
—
►
133,974,786
!
—
.)
4,946,678
+856.289
9.4
+ 1+3
"'
Eighth Federal P,eserve District—St. Louis—
10.—St.
Cape
831,059,996
743.649.724
5,456,743
Louis
4.845,529
Girardeau
863,803
'enn.—Memphis
276.625.985
177,463,018
.
160,675.779
605.853
4,610,000
-
11.—Jacksonville
*
Quincy
Total (7 cities).
1,367,918,254
1,191,79+984
4-10.4
—
'
+
+
'
14.8
7.5
f
7.4
1,714.621.423
1,095.222.543
1,020,129.6*9
3.406,407
3.043.3'77
+ 11.9
29,56+000
24,722,000
+ 19.6
r.2
17.4
+
1,843,433816
+ 25.5
-
613.514
5,412,000
-
5 345.201
+ 11.5
774.453
347.056,841
Independence
:y .—Louisville
+
•'
7.667,828,166
6,945.116,554
+
10.4
253,830,800
204,889,748
"+l7 2
+ 23.9
"76+000
215,019,846'
50,673,376^
■
-27,683,354
"96+555
198,520,724
:
•Jan. 1 to June 30-
June—
of
Month
c
1943
Inc. or
$
$
Clearings at—
Ninth Federal Reserve
Dec. %
Dec. %
20,941,692
22,058,192
5.1
559,806,548
+
13.6
3,524,380,117;
2,126,782
+
6.2
13,679,937
+
+
2,257,766
221,469,686
-
Paul
Falls
D.—Aberdeen
Falls
—
Huron
—
2,804,577
8\,
'
1941
1942
Inc. or
$
.
5
Dec. %
-
+
5.8
82,119,628
K
1,780,000
+
39.4
14,888,000 +
1,560,117
+
52.3
12,619,746
4,099,409
5,569,995
Helena
'
'
Lewistown
V
506,598
—
8,321,193
17,544,386
470,658
j,7
16.1
M. +
£,~3~2~6~379 7 7
7
7.6
2,701,060
»
•••«<»
2,517,180
•.
+~~7~.8
V
*" '•
"+""o~3
1,322^099
' ^
" 910,407
1,290,125
+23.4
v.+ 8.0
+13.0
30,333,082
114,544,672
118,026,367 :
11.4
+
•
32,947,229
+ 25.1
+
40,343,269
'
-
31,316,183
"
2,221 $22
'
•
.
3,212,758
'
,
L366^536
V:
1,139,149
••;
25,353,467
31,297,639
'+35.9
*
-.+ 44.1
.V,+ li-9
+15-1
7,229,608
-
.
+34.5
.
r
80,883,160
>
•
27890,392
3416",058
.+'"4.4
>
-
4,632,543
5,793,318
19,542,944
Falls
6.9
—" 0T9
i
4,166,213
96,252,422
?V
4,178.091
108,748,434
"
0.2
1
31,312,841
36,353,275
90,548,344
—
40,806^349
;
*
4.8
+10.0
—
+13.0
—
'
+ 14.2
—11.4
5,889,675
1,356,289
•
:•
40,424^921
9.3
+
i
s
% 11,072,000
.V:
8,757,819
14,215,997
+20.2
2,808,897
78,660,186
<;
122,080,109
.+ 12.4
v
4.208,771
,110,971,005
4,007,353
1.9
—
.
rv
-12,805,627
.
13,152,909
Mont.—Billings
Great
14,475,465
2,481,000
2,375,296
6,725,692
12,600,363
1,263,256
Minot
Sioux
555,417
-
13,916,555
D.—Fargo
Forks
Grand
B.
1,211,965,326
2,424,921
-
479,542
—
7.6
>7.7
—13.7
205,859,444
2,611,185
Fergus
—
-
105,930,184
3,135,007,352
>•'11,377,875
1,109,117,512
103,956,483
635,743,146
Rochester
N.
Week Ended July
1943
1944
District—Minneapolis—
Minn.—Duluth
Minneapolis
St.
V
+
Inc. or
"
1944
1944
Monday, July 17
FINANCIAL CHRONICLE
THE COMMERCIAL &
4,390465
•
+ 41.7
-
.
985,348
966,562
" + 24L6
4,597,889
4,194,829
+ 41.7
^5^522706.
v
163,448,595
141,248,117
a,+- 753
.*i:
1
Total
5,128,955
.1.5,251,066
18,097,399
Omaha
301,242,566
109,024,798
8.2
—
+
•
+>
^
I
?
J>
*
1
-6,595,672
7,989,516
21,036,341
12,200,921
+
94.8
85,205,824
29,536,362
+ 14.4
196,390,309
3,350,412
+ 27.4
21,593,709
19,489,918
850,663,724
809,950,846
5.0
4,893,013,152
27,763,871
916,823
62,783,093
23,247,230
+ 19.4
174,597,296
4,690,184,700
143,193,690
577,076
+ 58.9
5,423,088
+ii.\
147,822,315
4,268,717
4,073,108
Carthage
52,638,274
4,109,298
+ 19.3
4,873,282
+ 18.6
28,443,111
223,662,267
+ 11.3
1,459,302,353
3,359,801
+ 18.0
23,151,775
2,808,262
2,071,364
+ 35.6
14,281,958.
1,573,239,622
1,485,774,581
Pueblo
Wyoming—Casper
(16 cities)
J
—
'
■'*'■
n
334,071,359
.
9,253,548,556
"+ 5675
+43.8
6,389,930
183,364
3,514,269
52,204,721
{"l*
418,393
+ 173,866
-3,115,902
2,720~035
6,844,841
•
"
167,6867887
166,721,869
4,754,507
.
4,969,567
iv+2j.9
+ 3J.1
.
+'
36,783,334
2,262,082
5,287,082
: -
-
~+~ 0.6
+
125,137400
3,202,957
155,321481
'
4.5
V* 4,044,522
v
V+
9.5
v+
•:
9r4
1,6387899
"+22,7
698,927
871,317
177,650,960
"+2975
"~78475lO
£70757854
227,253,904
4,0097875
1,3077946
.
+13.6
-
"*962439
-
9.8
;:+
10,364,679
-
9,843,971
.-,+ '4.3
-
21,086,958
Springs
Denver
,
' u\
+ 10.8
1,284,214,415
3,963,963
Colo.—Colorado
i
•
305,076,188
26,008,236
248,861,546
Okla.—Tulsa
*'
161429
2,3587570
•
3,~6~8~0473
+ 32.9
72,784,110
33,783,910
+
"1
1"
2.9
+33.6
— 2.1
— 2.8
+
12.6
7,785,488
Topeka
Joseph
•
'/*
f
206,403
240,831
3,747,754'
61,736,105
—1.7
Wichita
Mo.—Joplin
Kansas City
3,647,792
59,998,145
6.6
' '
*
»,
212,346
8.4
+-
1,772,376,716
6,486,247;.
18.0
"■ y
'1007600,938
1,889,649,133
1,216,351
;
1,532,213
—
—-——
—
1,298,582
1,117,072
Kans.—Manhattan
9.8
3.7
+
16,484,062
289,999,046
Lincoln
Total
f
321,812
Hastings
Bt.
•»
2.3
v,.
164,632,729
176,635,110
+11.2
s
829,169
770,360
Neb.—Fremont
Parsons
■>
4,767,711,462
City—
Federal Reserve District—Kansas
Tenth
5,291,084,386
11.3
+
857,533,287
954,278,034
cities)
(16
,
.
.
•
"
,
+37.8
;>,;
248,404,765
252,630,878
8,617,112,225
:+{
Federal Reserve District—Dallas—
Eleventh
'
•
Beaumont
«■» mt **,m **■
'*»
m> — —
mm mm mm
Dallas
—
Paso
El
Ft.
?
Worth
*
■
-
Galveston
•v
Houston
-
- .
-
-
Arthur
Port
Wichita
Falls
Texarkana
Total
+
——
La.—Shreveport
—
—
cities)
(11
71,615,508
68,602,063
50,409,461
51,240,134
*
'
4,616,000
4,281,000
7.8
2,745,000
2,180,000
+
16.5
2,"03L47O
1,302/964
"+75575
I,208"942
£, 50+539
"+1577
4,853~658
3,818,282
102,386,500
83,650,937
+ 17.5
2,600,079,830
2,231,830,132
3,454,519
+ 17.6
25,232,341
20', 818,120
5,958,869
+ 25.7
37,705,553
31,842,653
+ 18.4
2,292,893
—39.8
13,181,894
13,701,116
+ ; 3.8
+16.7
»•-
: +
•
19,580,039
+ 19.5
133,608,327
+14.8
6,520,424,922
5,693,403,320
5,000"000
4,321~039
+ 14.5
110,896,064
1,010,134,734
5.7
23,549,812
125,930,907
122,440,156
0.2
77,017,042
85,2667605
2,370,405
2,063,590
61,002,257
28,702,381
+
20.5
20,587,941
4.3
2,273,849,903
2,278,980,673
7,994,069
+ 46.0
55,394,013
+
4,046,260
+
399,330,189
+
r
•"
48,995,134
+ 20.6
18,020,000
324,349,982
5.5
1,888,040,372
5,582,469
+
7.1
117,544,814
8.7
709,188,196
+
3.5
179,071,656
+ 38.3
1
36,776,356
+
69,373,738
127,792,629
.
'
1
+
—
41,569,452
8.0
5,979,685
+
«V
*
+
44,972,644
—
39,276,495
682,221,838
1,5
—
f,
1,917,843,873
4.0
154,891,011
9.0
88,156,016
75,401,025
—16.1
254,560,578
224,534,326
6,420,515
+ 31.0
46,181,499
35,261,686
15,023,748
+ 43.4
114,007,100
85,941,702
+ 32.7
'
*
5,179,615
+ 28.8
37,583,410
+ 18.5
7,122,305,688
6,175,994,947
28,640,463
17,285,202
+ 65.7
134,826,461 +
7,971,230
20,021,621
Jose
6,622,949
+ 20.4
49,940,111
113,811,058
-
:
...
21,031,955
'v
24,005,352,896
-
:.V
—
5.1
+ 12.4
+19.8
274,319,148,099
+ 12.8
134,801,447,668
certificates on hand and
276,023''
19,224,681
$
—1,617,592
23,750
—
—'
4,767
+
23,130
+
11,176
+'
^
31
78,057
—1,330,226
+
34,853
15,900
—
365,423
+
3,083
+
45,125
"
Julyl4, *43
>
$
420,533
Industrial loans
of
the
Federal
cities shows the
ended
Certificates
8,792,360
Notes
1,459,096
4,465,042
+
+
5,000
—
2,290,290
437,635
21,652
—
Total U. S. Govt, securities
July 5:
424,627,727
9,486,115,671
7,525,236,369
3,780,880,352
3,590,457,099
+ 11.4
101,239
+
7,204,410
in
+
2
136
91,100
+
14,286
+
246,224
34,705
+
Other assets
63,083
+ '
36,096,300
+
1
,
1,947
347,797
in
101
"
29,398
+
4,006
—
1,115
+
+
New
York
U. S. Treasurer—gen. acct
12,849,307
516,761
1
1,487,693
375,130
Total deposits
15,228,891
Deferred availability items
1,447,148
Other liabs., incl. accrd. divs
7,484
35,642,272
Total liabilities
Capital paid in
City
same
purpose
and
increased $175,000,000
$280,000,000
all
at
reporting
of
589,466
+
297,513
99,166
+
17,185
393,620
—
15,398
3,570
161,694
+
887,490
+ 197,357
+
79,598
+
505
+
1,578
+
346,642
+
+5,832,970
+
10,094
188,097
+
27,686
26,965
...
(Section 13b).:
Other capital accounts
Total liabilities & cap. accts._
+
136
182
80,044
"
36,096,300
—
+
347,797
+
9,740
5,861,146
Ratio of total res. to deposit &
'
F. R. note liabilities combined
Commitments
to
56.2 %
3,915
—
—
.3%
50
—
—
16.1%
7,998
Deposits credited to domestic banks increased $128,-
.
District, $34,000,000 in the Atlanta District, and $291,000,000 at all
A
reporting member banks.
of
summary
and
assets
liabilities
of
bills
increased
$35Q,00,000
in
City, $101,000,000 in the Chicago District, and
Holdings
$228,-
reporting
member banks follows:
(In millions of dollars)
Increase (+) or
Decrease (—) Since
$
7-5-44-
and
to
brokers
and
7-7-43
56,262
+ 1.226
+10,699
12,283
.—
industrial,
+
119
+
2,690
+
10
+
472
+
1,499
agricultural
loans
Loans
S
6-28-44
6,037
Loans—total
Commercial,
dealers
for
pur¬
chasing or carrying:
U. S. Government
obligations
1,151
Other securities
672
Other loans for purchasing or carrying:
1,575
obligations
280)
344
U. S. Government
Real estate loans
23}
1,069
+
2<J
+
3,549
10,755
Treasury bills
Treasury certificates of indebtedness
39
1,343
Other loans
4
92
Loans to banks
New York
607
414
79
—
35
32
914
—
+
3,770
in the
Chicago
+
3,430
+
District, and $414,000,000 at all reporting member banks.
3,039
Holdings
of
Treasury notes increased
$40,000,000
and
holdings of United States Government bonds increased
$71,000,000.
7,302
40
18,814
71
628
1
Other securities
2,931
24
Reserve with Federal Reserve Banks
000,000 in New York City, $77,000,000
8,826
126
+
297
548
47
+
34
2,373
106
+
Treasury notes
;
U. S. bonds__
.Obligations guaranteed by U. S. Government
Cash in vault
;
Balances with domestic banks
Demand
deposits
adjusted
declined
in
all
but
one
deposits-adjusted
32,561
Time deposits
6,780
district and the total decrease at all reporting member
U. S. Government
banks
—
+
447
18
Interbank deposits:
was
$447,000,000.
United
States
Government
deposits increased $717,000,000 in New York City, $192,-
13,963
deposits
Domestic banks
+
+
14
+
11
Borrowings
Francisco
Debits
District, and
tanks.
$1,326,000,000 in all reporting
+1,326
Foreign banks
000,000 in the Chicago District, $106,000,000 in the San
member
1,264
—
52
—-
.
101
Liabilities-
Demand
make indus¬
trial loans
3,402,258,204
000,000 in New York City, $40,000,000 in the Kansas City
.•:!
Treasury
of Treasury certificates of indebtedness increased
—137,606
158,922
Surplus (Section 7)___
3,754,420,113
Other securities
Holdings
Capital Accounts—
^Surplus
6,684,354,838
Loans and investments—total
member banks.
5,861,146
18,958,749
Other
7,506,175,786
Assets—
Deposits:
Foreign
350,655,996
395,537,695
+ 26.1
$1,326,000,000 in
$607,000,000 at all reporting member banks.
Member bank—reserve acct
:
5.0
+
deposits, and $291,000,000 in
39,547
—
Liabilities-
Federal Reserve notes
leading
District, and $222,000,000 at all reporting member banks.
+
1,810,313
System
member
000,000 in New York City, $101,000,000 in the Cleveland
Other loans for the
Bank premises
Total assets
445,888,165
ing United States Government obligations declined $117,-
7,171,315
Uncollected items
2,680,105
$447,000,000 in demand deposits adjusted.
+
F. R. notes of other banks
2,567,868 '
deposits credited to domestic banks, and a decrease of
78,078
•
Reserve
United States Government
+
Due from foreign banks
—17.7
Increases of $1,131,000,000 in holdings of
14,872,282
Total loans and securities
4,200,309
following principal changes for the week
14,815,981
(incl. guar, sec.)
3,455,033
Loans to brokers and dealers for purchasing or carry¬
+
1,182,535
Bonds
2,250,276
8.6
1,758
—
*
83,078
+
3,381,990.
v
4,416,423
1,441,025
12,111,437,323
United States. Government obligations,
U. 8, Govt, securities;
:
208,239,000
3,500,380
+ 33.4
The condition statement of weekly reporting
(+) or Decrease
July 5, *44
$
18,528,125
Discounts and advances
209,788,000
+ 49.7
1,745,261
Condition Statement of Member Banks
banks
(—) Since
July 12,'44
Other cash
+ 11.1
3,550,040
+ v
Increase
Redemption fund—P. R. notes..
227,629,215
5,313,859
2,327,745
123,313,434,773
13,263,631,102;
thousands of dollars)
Bills
6,710,094
4,745,801
252,802,000
+
246,175,314,89Q
Reserve Banks Combined
Total reserves
7,824~930
3,~324~n3
+ 40.3
35,589,211
2,116,043,231
Statement ef Condition of the! 2 Federal
due from U. S. Treasury—
9,786,273
3,8937519
+31.1
+ 15.3
104,797,916
42,307,638,393
y
50,673,007,529
(186 cities)
;<:
9,014,058
3,883,385
.
+33.0
•
•
102,832,456
21,281,016,345
2,377,408,609
cities)
(In
17,736^104
+ 18.9
+ 13.4
28,255,439
1,080,092,913
6,671,610
1,279,820,582
v
46,8727953
23,028,567
+31.0
+
12,881,864
21,549,551
—
♦Estimated.
66,248,433
*+2K6
*
Francisco
Outside New York
—"4.9
22,3357l38
+ 42.5
43,463,804
Riverside
Barbara
64I157~777
+15.6
48,675,688
8,413,383
Stockton
1,472,384
*6.4
+
-
27,471,849
10,523,547
:
Pasadena
55,5327856
1,423,598
+30.5
-
36,444,643
—.——
Modesto
76,3~90~78l
+ 14.8
8.9
+
13,809,000
-
33.£
'
28,426,799
14,553,515
14,043,580
Assets—
+
+21.2
+
-
332,239,052
Portland
•
7,111,454
1.9
71,681,000
Ore.—Eugene
Utah—Ogden
Salt Lake City
Ariz.—Phoenix
Calif.—Bakersfield
Gold
9,~2~74"526
+
73,071,400
2,668,000
Grand Total
"+30~5
—77.7
8,469,487
(19
11,275384
305,055,145
3)218,000
Total
99,05~L66O
228,548,195
350,285,282
9,146,184
Santa
82,"073"64i
96,914,000
14,709"074
+13.3
2,559,188,698
266,712,172
Ida.—Boise
San
2,032,190
67,004,472
V + 14.8
2,898,523,154
5.0
+ 38.7
+
13,910,000
416,527,331
11,670,035
—
Yakima
San
2,230,730
2~2
+14.0
52,220,079
4,278,718
Seattle
Beach
+ 20.5
District—San Francisco—
Twelfth Federal Reserve
Long
—
2,208,269
2,660,363
4.4
1.6
,.+
•
43,536,250
1,159,737,442
-
—
395,819,501
515,499,330
45,702,807
72,445,984
3,107,400
465,214,226
-4,061,359 •
- 7,491,171
1,380,361
23,389,224
Wash.—Bellingham
;
8,569,351
452,083,211
8,387,458
m
2.7
2.1
+
12,710,022
13,058,122
Texas—Austin
to
demand
interbank
during week
and
deposit accounts
U.
S.
Gov't
except
accounts,
14,051
291
+
236
+•
1,100
+
8,999
\
Volume
160 /Number 4299
THE COMMERCIAL & FINANCIAL CHRONICLE
.
The
263
Capital Flotations In The United States Daring The Month Of Inne
And Foi The Six Months Of The Calendar Year 1944
of
/ Although
public offerings
ceased at the commencement
the
by the private placement in the United States of $26,-
securities
corporate
of
War
Fifth
250,000 Aluminum Co. of Canada, Ltd., 1st mortgage
3y2% sinking fund bonds/The month also witnessed the
Loan
Drive, the total for the month aggregated $120,377,691.
portion of this total was reached before the
start of the War Bond Drive, June 12, with the exception
of some issues which were privately placed. The month's
total compares favorably with the results of the preced¬
ing months when it is taken into consideration that the
public offerings were accomplished in nine working
days. As already mentioned the total corporate financing
'for the month reached $120,377,691, the smallest in
amount for any month this year, and compares with
$125,811,993 for June, 1943. Of the month's total, $36,373,283 or 30.2%, was for new money and $84,004,408,
or 69.8%, was for refunding purposes.
„
•; r
The month of June witnessed the issuance of $39,-
issuance pf $13,000,000
Sunray Oil Corp. 15-year 3%%
sinking fund debentures due 1959. "- -;' ^ /'• '
The greater
Private /corporate financing for June made an
impressive
showing, the
total reaching $57,224,950,
comprising nine issues, and representing 47.5% of the
total of all financing. This compares with $125,254,675
or 57.8%
of .the May total; $29,195,000 or 16.2% of the
.April total," $47,310,000 or 31.7% of the total reported
in March, $82,000,000 or 51.6% 'of February's total and
$8,500,000 or, 5.3% of January.'s flotations.
/
gheny Corp. 3%% secured convertible notes, $6,040,000
Texas Pacific-Missouri Pacific Terminal RR. 3%% mtg.
Co.
of
SUMMARY
OF
CORPORATE
FIGURES
of the
*•
$
February__/Z_/_
March—-—
time," particularly as additional private financing
1944,
f>' Total
$ v<
AND
1943
New
■'/
Total
New
'
$
160.456,350
158,761,995
2,798,000 /
-*11,330,000
103,534,713
148,990,455
56,943,229
.I:;/:
7,517,000
10,315,000
1,865,000
13,195,000
38,447,228
95.390,457
.«
wish to
a
States.
These
totals, however,
grand totals for the six months.
as
73,464,341
107,635,665 : ' 181,100,006
85,128,964
Below
May_
32,615,868
184,091,294
216,707,162
36,373,283
84,004,408
120,377,691
29,999,425
we
142,453,492
375,731,367
518,184,859
79,404,976
215,458,248
l
-
39,209,300
due
118,294,420
Second
quarter
143,238,764
18,527,000
lative
138,513,000
86,019,070
preferred stock, 4V2%
United Air Lines, Inc.
363,802,103
150,476,205 / 263,287,476,
986,393,659
698,095,295
288,298,364
413>763,68l
•
229,257,834
.486,497,154
due
715,754,988
19,174,700
22,403,704
August-
65,579,800.
84,754,500
27,509,976
1979
101,714,704
58,600,000
55,165,000
65,040,000
28,445,586
32,719,350
6,018,000
30,436,500
200,055,800; ,,251.509.204
-114,555,562
69,173,850
51,453,404
Third quarter.
665,272,885
601,052,716
298,431,684
V 2,434,300
43,845,700
40,673,226
86,662,407
69,861,543
14,236,772
——
83,128,500
December—
6,679,000
13,530,876
14,717j010
">61,828,990
76,546,000
Fourth
r
415,595,246
7 23,830,310
.702,995,780 1,080;868,131
624,883,026
.239,652,510
175,942,736
quarter
*-it:'v)
.
143,035,876
119,205,566
•
.1——
months.
Twelve
:
/ 377,872,345
'
417.637,250 1,042,520,276
series,
due
40,000,000 Phillips
due
•
J
Results for the Half
Year
./
v
;///// /
had an aggregate value of $986,393,659, or
$572,629,978 greater than the $413,763,681 .reported for
the first six months of 1943. Of the 1944 total,: $288,298,364
was
for
new
money
purposes. •
months of 1944 bonds and notes added up to
■
agog—--/
*■'1938
_/_
7,1937
SUMMARY
OF
Z//
February-/—/--/
24,473,771
-v.
April
.1935
MUNICIPAL
ft
"
5,133,595
235,811,457
1,789,410,620
83,830,672
2,545,747,098
26,496,800
6,079,000
569,484,800
Preferred "
'.••""Notes''-
,/
*'*••/ Stocks;,."'"
1944—_
$711,415,000
27,962,393
./
Total
New
1.
38,636,871
./
144.024.525
14,517,271
124,821,590
50,229,838
1938_y_^'J—
643,868,695
29,962,725
5,196,095
1^239,141,500
2,351,350,900
235,811,457
3,860,182
83,830,672
MONTHS
(AS
26,496,800
6,079,000
569,484,800
1942
Refunding..
z//
45,429,500
New
Total
j,
$
//,
$
Refunding
■'» $
*.l.
83,957,576
i
30,175;747
11,027,034
21,804;016
27,085,328
57,236,250
12,153,140
Capital
•"'!
49,289,682
10,666,000
16,914,500 i
49,616,172
'
10,139,500
16,669,200
10,031,568
12,616,000
22;647,568
:*
159,854,766
11,659,400
24,814,232.
36;473,632
+•
8,471,200
31,454,008
10,194,014
40,753,343.
50,947,363
August—/_/■_„/——_.
September.___4.___—__
*__/__——//
October
November/——————
December—
51,744;550
7,957,797
22,943,'577
7,854,521
14,765,923
17,628,201
115,017,080 * 151,193,58l»'.'266,210,667
35,565,875
-228,253,667
Total
6
Total
12
m0nths____/■
10,724',776
44,532,810
7,337,761
42,154,500
49,492,261
6,585,487
10,449,582-
21,582,000
28,167,487
10,080,800lV
20,530,382
5,364,190
21,410,080
9,577,189
11,225,800-
16,589,990
=
15,444,300
36,854,360
-r
7,800,855*
17,378,044
months
/
60,724,269
(refunding).
15-year 3Va %
1959
(pay
sinking fund deben¬
notes
payable
for
and
>■
119,523,451
41,202,781
48,889,344
59,702,347
30,798,098
32,394,124
104,256,478
332,510,145
36,593,053
108,288,255::
2,663,000
47,195,810
6,556,165
25,710,689
7,224,693
-.
23,195,332
12,365,191
16,639,1-67
/175,741,355 -259,481,836
5435,223,191
1st
9,354;511
3%^
bonds,
3J/4%
12'/2-year
Corp.
serial
notes
series,(retire
and preferred stock).
pre¬
Pictures
Co., Inc., 33A% sinking fund deben¬
March
1,
1959
(refunding,
prepayment
of
stock
par
and
general corporate purposes).
of
&
no
Power Co.
par
value
Laboratories, 94,439
value
60,000 shares of $4
38,075,880
9,791,610
17,016,303
9,038,797
'114,186,648
-342,440,313'
pre¬
(working capital).
shares
of
common
stock
of
expansion).
(post-war
Consolidated Gas Co. 40,000 shares of 43Ar/o
cumulative preferred stock of $100 par (refunding).
APRIL
/'■•/
..
.
i•;
'
...
-./ •; •*. ■',/■
.
/
».
*
;
' v
-.
•'*'
*
.■>'
34,650,000 Celanese Corp. of America 350,000 shares of $4.75 1st
pref. stock of no par (refunding and general corporate
purposes).
'
.
,
17,000,000 Louisiana Power & Light Co. 1st mtge. bonds,
due
in
1974
18,393,308
3%
series
(refunding).
14,000,000 Cudahy Packing Co. 1st mtge.
/
due in 1964 (refunding).
s.f. bonds, series B, 3$,
•
10,000,000 St. Regis Paper Co. 15-year 33A% debentures, due Jan. 1,
1959 (expansion and additional working capital).
6,500,000 Eastern Offices,
(refunding).
Inc. 1st mtge.
6,000,000 Bond Stores, Inc.
ferred
stock
additions,
of
15-year sinking fund 4s
60,000 shares of V/2%
$100
par
(refunding,
191,194,462
April
181,264,294
523,704,607
capital).
notes,
capital,
55,000 shares of 4% cumulative
(refunding).
5,401,553 American Optical Co. 167,490 slhares
no
par
(working capital, etc.).
77,007,818
convertible pre¬
working
etc.).
5,500,000 Atlantic City Electric Co.
preferred stock $100 par
4,500,000 National
■
mtge.
equip, trust ctfs., due serially
,
169,012,524
\
,.
4,000,000 Michigan
47,317,820
'
-
'
(refunding).
notes
4,249,755 Abbott
$
-a:
Total
bonds, series
29,601,500 Allis-Chalmers Manufacturing Co. 296,015 shares of 4%
cumul. convertible pref. stock of $100 par (refunding and
working capital).
REVISED)
32,701,672
.
bonds,
mtge,
mtge.
6,000,000 Fruehauf Trailer Co. 60,000 shares of 4,/2% convertible
preferred stock, par $100 (refunding and general corpo¬
rate purposes).
2,538,747,098
536,909,000
46,570,250
—.
1st
(refunding).
due
ferred
*
July
1974
1st
(refunding).
Co.
/ /..;-.■
6,120,000 Houston Lighting
1,789,410,620
148.565.526
314,457,663,
borrowings in the period is empha¬
the fact that the" output for the month of May
$
(Minn.)
Co.
Power
7,260,000 Chicago Milwaukee St. Paul & Pacific RR. 1%% equip.
trust ctfs.,
series X, due serially (purchase of equip.).
679,027,515
ally large volume of
Capital
$
v/
1,
bank ,loans
secured
no
BY
1,
Keith
tures,
1,009,379,578
/
Long-term financing by States and municipalities
aggregatedr $307,957,038, representing the largest dis¬
posals in any. six ;months'.period.since the first half of
1942, when the output was "$332;&10,145. The exception¬
sized by
Feb.
Feb.
capital).
7,500,000 Universal
•
24,742,561
307,950038
.
45,166,731
92,089,240
.
&
Stores, Inc.
1961
F.)
.// notes,
/ 715,754,988
1,416,034,096
1,103,124,621
867,060,500
36,599,632
209,705,640
Z;'/;-//:/■;• due in
$986,393,659
•
14,524,080
97,045/908
1935—'—
Light
due
due
1944-1954
'
_/
Ohio
18,000,000 Oklahoma Natural Gas Co. 1st mtge. bonds, 27/8%
413,763,681
1,257,492,300
1936—
pay»
series,
$1,653,785).
Power
Canadian Pacific Ry. 2'/a %
26,000,000
Total
Stocks
16,406,288
1939__/_7/_
1937__
3%%
9,000,000 Oklahoma Natural Gas Co. 180,000 shares of 4%%
ferred stock, series A, par $50 (refunding).
$30,431,359
604,185,000
138,984,200
98,251,398
/'
/,
/. 933,136,300
:/_
notes
:-
bonds,
Common
$238,547,300
/. 369,395,000
1941—*
v
sinking fund debentures,
working capital).
38,000,000 Michigan Consolidated Gas Co.
/
series, due 1969 (refunding).
ISSUES—INCLUDING
CORPORATE
FOREIGN
1943——
1940
••
mortgage
MARCH
CANADIAN—MN. 1 -TO- JUNE 30
Bonds" and
1942_////__
1st
(expansion and
States
working
678,965,015
29,962;725
22,982,808
months//
6
:
946,379.578
148.565.526
■
6,529,700
——.
June——
Total
AND
DOMESTIC
capital).
Corp.
1954
3'/a%t
tures,
9,500,000 (B.
FIGURES
$••-
14,163,100
2,313,350,900
/
536,909,000
1,416,034,090
1,103,124,621
314,457,663
1,"239,141,500
—
debentures,
715,333,113
14,517,271
45,166,731
/ 50,229,838
'
92,089,240
'25,794.500
-
14,102,205
97,045,908
144.024.525
.'804,060,500
"*643,868.695
_
4%
bonds,
(retire $14,596,000 long-term
19G4
393,513,681
20,870,566
_/__
May
7
10,805,132
V 12,589,421
March
16,408,288
-1943-
Refunding
Capital
$
January
37,962,393.
124,821,590 :
1/ J
-1944New
049,145,000
.
___/
71936
fund
$934,143,659
'
* 604,185,000
/1/257,492,300-
_
.194l__----_
trust
&
2%%
series due Feb. 1, 1974, 2%%
;
Total
Stocks
$36,431,359
"Notes
/1940 _/;.//_'
$711,415,-
fell under "public utilities" .while "other
industrial find manufacturing" accounted for, $250,194,299. Railroads supplied $155,135,000 while "iron, steel,
coal, copper, etc.," furnished $57,400,000, oil $63,588,900,
rubber $45,500,000, land, buildings, etc.r $19,265,000 and
miscellaneous. $70,570,008.
Zi
1942
-
_
(pur¬
1974'(refunding).
due
3,500,000 Food Fair
$659,165,000
/1943_„_/_
due
>
(first
TO JUNE
y.
$238,547,300
•
/1944
coll.
sinking
mtge.
Co.
working capital, etc.,
^
A,
as
$324,740,452,
due in
5,000,000 Northern
Common
Stocks7
certificates,
(refunding).
working
Power
4,300,000 Central
1
trust
5,000,000 Hooker Electrochemical Co. 50,000 shares of $4.25 cumula¬
tive preferred stock of no par value (refunding $3,346,215,
!
Preferred
Bonds and
compared with $369,395,000 for the i same period
of 1943, and stocks totaled $274,978,659 as against $44,368,681 in 1943. Of the total financing the largest share,
000,
/
ISSUES—JAN.
CORPORATE
DOMESTIC
noted in
previously
As
foreign corporations:
and $698,095,295 was for refund¬
these1 columns,
neither the amount nor the degree of increase in this
kind of financing was representative of the great expan¬
sion in industrial activity for the; past five years.
In
times of normal business growth,/there is ordinarily
an ^attendant of new capital financing. yThe present in¬
dustrial boom is, of course, not a normal one, but one
arising from our defense and war programs and pur¬
chases
by the United Nations under the lend-lease
program on account of the war. The reflection of such
a boom is not unnaturally found; in; the United: States
Treasury's financing operations rather than in the cor¬
porate figures.v New i indebtedness i incurred by -the
Treasury for the • half year through: the public sale
of its securities amounted to the stupendous/total of
$64,112,840/765 as compared with $49,746,876,044 and $19,369,446,427 for the,/first half/of 1943 and/1942, re¬
spectively.: Of the total corporate issues for the first six
ing
includes
1973
1,
and
series
porate issues* by types of'securities brougiit out in the
first half of each of the past 1'0; years; the second table
June 30, 1944,
equip,
10,000,000 General Mills,.Inc. 10-year 2V*%
the tabulation below we show the volume of cor¬
In
'
for the six months ended
sinking fund debentures,
equipment).
1st
Co.
Petroleum
Feb.
tgable
♦Revised.
Flotations of corporate issues
of
(purchase
Power
16,500,000 Florida
£.- i
.
FEBRUARY
46,280,000
20,209,876
-
97,365,272
.
,.
RR.
63,000,000 Illinois
899,484,400
127,335,693
190,894,281
121,032,738
—i
'October1—:
58,882,086
463,343,276
cumulative
2Vi%
serial equip,
trust certificates
equipment trust of 1944), due Feb/1, 1945-1954
chasing equipment).
64,618,000
201,929,609
Nine months.
(refunding).
(refunding).
2'/4%
RR.
183,729,412
September-*
cumu¬
(refunding).
1945-1959
3,675,000 Alton
60,229,326
79,311,00CL
9,875,000
July..—..
4Novejmber_/////
series, par $100
105,032 shares of V/2%
$100
par
series
155,830 shares of
10,000,000 Florida Power & Light Co. 4 Va %
4,155,000 Pennsylvania
Six months—/
.
.
10,138,900 Standard Oil Co. (Ohio) 101,389 shares of 4^4% cumula¬
tive convertible preferred stock, par $100 (working capi¬
tal, etc.).-
109,648,100
-277,783,033
(refunding).
preferred stock,
115,641,003
5,806,500
1974
15,583,000 West Virginia Pulp & Paper Co.
351,952,885
61,685,570
'73,364,291
-
Year.
45,000,000 Firestone Tire & Robber Co. 450,000 shares of 4J/2 %
cumulative preferred stock, par $100 (refunding).
75,609,375
125,811,993
95,812,568 •
—
June
.
Corporate Issues During the Half
list the
principal issues of securities placed
during the first half of 1944, giving at the same time (in
parentheses) the purpose of the issue:
158,049,090
18,900,500
97,114,003
.103,8.41,600
- 76,82.7,430
95,686,940
20,784,940
' 74,902,000
28,620,611 *
44,743,680
our
revised to date is given on this page.
Total
294,863,224
April——————
in
since January, 1942, showing
monthly amounts of municipal financing
Large Domestic
.
208,714)121
47,829,228 -1118,900,457
71,071,229
468,208,800
322,363^28
145,844,872
quarter—
included
are
tabulation of figures
different
10,503,200
First
financing which
v.,. / /JANUARY
56,708,875
79,085,120
,
the total
$45,000,000 Florida Power & Light Co. 1st mtge. bonds, 3Vs>% series,
^,920,126
„
:
reduced
expended along these lines.
note that our municipal calculations ex¬
$20,000,000 bond issue of Puerto Rico and $21,103,500 obligations of Canadian cities placed in the United
1942
Refunding
Capital
//;
:
7// $
therefore
and
We
a
issue of $41,533,000.
an
would be
(Revised to Date)
^ 1942
•*
Refunding
Capital,
/
122,683,000
96,146,215*
37,773,350
62,615,780
45,455,742
January
Further revisions
-*1943-
Refunding
Capital
a tabulation of figures since Janu¬
the different monthly amounts of
brought to light in annual reports and other places.
-1944
New
work
the
figures will undoubtedly be necessary from
1943
time to
is
MONTHS
BY
showing
corporate financing as revised to. date.
accounted for
101,858, the greater portion of which was
/
<
present
we
1942,
ary,
manufacturing" emissions footed up $41,-
and
placed
A
Below
$23,000,000, consisting of two issues, viz., $20,000,000
Peoples Gas Light & Coke Co. 1st ref. 3s and-$3,000,000
Dallas Ry. Terminal Co. 1st serial bonds.
"Other in¬
dustrial
District, Neb., the former
loan of $56,000,000, while the latter
Of the total for the period
$98,251,398 was for new money and $209,705,640 was for
refunding. It is understood that priorities for the war
effort is still interfering with municipal construction
having marketed
clude
financing
*
funding purposes.
$3,720,000 2%% equipments of Central RR.
Utility issues for the month accounted for
Pa.
the Consumers Public Power
982,808 was for new money, and $8,471,200 was for re¬
^
and
was $43,000,000 larger than the grand aggregate of
$116,648,264 for the first four months of the current
year.
Approximately $100,000,000 of the May total was
contributed by the California Toll Bridge Authority and
for the month aggregated only
$31,454,008, the smallest showingTor any month this year,
and compares with $159,854,766 in May, and $50,947,363
for June of last year. Of the total for the month, $22,Municipal
760,000 railroad securities, made up of $30,000,000 Alle¬
bonds
./
alone
Container Corp.
1959 (refunding,
5%
treasury
for
1,
reimburse
of common stock of
/• 1
15-year s.
f.
debs., due
bank loans and other
acquisitions and working
repay
,
4,398,093 Celanese Corp. of America 139,622 shares
mon
stock (general corporate purposes),
semi-annually to June 1,
due
1941,
of
series
cates
MAY
;<
May
due
Power
Penn
12,500,000 West
1974'
1,
(refunding).
trust
due
notes,
Dec.
collateral
1,
rJ49
A.>
no
par
stock,
principally to finance expansion
Libby McNeill &
maturing May 1,
7 500,000
,*/•
to 3%) debentures,
(refunding).
shares of common stock of no par
purposes).
corporate
(general
series
3%-3V4%); $2,820,000 (April).
rate
April
$1,665,000
1964,
Corp.
notes, due
secured convertible
3 W'c
1954 (refunding).
15,
-
sinking
Co. of Canada, Ltd., 1st mtge. 3V2%
bonds (refunding and corporate purposes).
20,000,000 Peoples
bonds,
G
series
in
Coke Co.
&
15,
due June
Manufacturing
(refunding),
.
3% %
Orleans
mtge.
Pacific Terminal RR. of New
^bonds, series A, due in 1974 {re¬
funding).
of
equipment).
3,000,000 Dallas
& Terminal Co, 1st mtge. serial bonds, due
Interest rates range from iy2, 3,
and 4% (refunding).
Ry.
15,
Representing New Financing—
Mills, Inc.
Corporation to make loans to foreign governments col¬
lateralized by American securitiees. Under this authority
large loans were made to Great Britain by the Corpora¬
tion and this evidently was responsible for a marked
reduction in the volume of secondary offerings in the
latter half of 1941 and since as
compared with the first
half of 1941,
York
New
The
Stock
Exchange
on
Jan.
1942,
29,
adopted rules providing for "special" offerings of secur¬
ities which went into effect Feb. 16, 1942.
A special
offering is the offering for sale on the floor of the
securities exchanges of a block of stock under an
arrangement whereby the special commissions of the
buyers' brokers are paid by the seller of the block.
Such offerings are permitted at present on the New York
Stock Exchange, the New York Curb and other exchanges
under plans submitted by these exchanges and declared
effective by the Securities and Exchange Commission.
We have included these special offerings with the secon¬
dary offerings in our totals since 1942.
Of
course
receive
ever
interest they may have on their own
$1,100,000
NOT
REPRESENTING
NEW
;:v:-
January
February
March
April
—
$
$
14.759,867
5,215,128
8,241,790
-
—
3,294,562
22,145,201
5,953,125
18,847,200
8,630,596
38,916,634
36,377,356
Service
34!005[577
13;570,'l62
82,102,729
29.335,382
56,800,664
7,590,999
10,030,151
Tot. 6mos.
141,555,582
143,497,621
September
1964,
-
251,500
a
Lens
Co.,
1944—Number
1943—Number
Percent
62,943,144
7,127,500
Percent
11,096,982
51,683,537
742,500
5,948.598
11,851,252
5,547,372
Volume
11.885,555
8,609.530
8,951,989
Percent
15,411,919
21,080,297
15,529,803
1941—-Number
1940—Number
■
volume
Percent
1939—Number
Half-Year
the first half of
individual issues in comparison with the first six months
of 1943, as evidenced by the presentation which appears
below. The total amount of money involved, $349,484,625,
Percent
1937—Number
a
privately for $91,-
similar period of 1942 38 issues
were
placed for $223,269,700. The volume of private trans¬
actions in the first six months of 1944 represented 35.4%
the
total
raised
by
corporations
through
0.90
1
mos.
2,126,896,000
2,126,896,000
100
1
26 years
1,920,000,000
1,920,000,000
100
Feb
1
15 years
3,331,000.000
3,331,000,000 100
Jan Feb
Feb
1
1 year
5,036,000,000
5,036,000,000 100
1
10-12 yrs
2,781,474,131
2,781,474,131
12 years
2 years
18,349,500
18,349,500
100
2
1,017,081,700
1,017,081,700
100
b
Total
for
2V4
2V\
.
%
•
a
a
20,259,806,331
February
1,002,953,000
99.905
9
91 days
01 days
2,450,653,000
1,011,344,000
99.905
*0.375 '
Mar 10
Mar 16
91 days
2,094,959,000
1,016,034,000
99.905
*0.375
Mar 17
Mar 23
91
days
days
2,116,736,000
1,001,105,000
99.905
*0.375
1,976,692,000
1,000,649,000
99.905
*0.375
Feb
25
Mar
2
3
Mar
91
Mar 30
Mar 24
2,151,449,000
*0.375
Mar
2
Feb
1
21-26 yrs
74,540,000
74,540,500 100
2V2
2
Feb
1
15-16 yrs
93,048,500
93,048,500
100
2J/4
Mar
2
Mar 15
4V2 years
3,743,211,000
3,743,211,000 100
V/2
10-12 yrs
709,054,084
709,054,084
a
Mar 1-31 Mar
12 years
238,123,600
238,123,600
100
2
2 years
37,825,000
37,825,000 100
b
for
Total
1
a
.
•
...
'
9.927,887 .684
March-
91 days
1,997,811,000
1,007,677 000
99.905
*0.375
91 days
1,927,641,000
1,014,423 000
99.905
*0.375
Apr
14
Apr 20
91 days
2,028,440,000
1,013,435 000
99,905
*0.375
series G bonds,
Apr
21
Apr 27
91 days
2,128,761,000
1,013,541 000
99.905
*0.375
4.876,511 .000 100
3%
3'/2%
due
debentures,
fund
sinking
*
Apr
1
1 year
4,876,511,000
Apr 1-30 Apr
1
10-12 yrs
738,544.634
Mar 22
1950, $3,500,-
Apr 1-30 Apr
12 years
2 years
299,749,300
April
.
a->:^
a
14,969 000
100
2
299,749 ,300
14,969.000
Apr 1-30 Apr
738,544, 634
■
100
b
i
♦:
*;
--9,978,849,934
—
series A bonds,
4
91 days
2,149,729,000
1,017,106,000
99.905
*0.374
5
May 11
91 days
2.172,220,000 % 1,206,498.000
99.905
*0.375'
May 12
May 18
91 days
2,169,935,000-
1,206,012,000'
May 19
May 25
91 days
1,951,350,000
1,207,114,000
Apr
May
1
1 year
1
Apr
bonds,
fund
sinking
3J/2%
series,
10-year debentures, due June 1, 1954,
debentures, due Jan. 1, 1959, $10,-
33/4 %
(receiver's) equipment trust certificates
to 1952, $1,938,000
(May),
23/4%
of
Co.
Oklahoma
loan,
7V2-year
City
Co.
May
28
May
24
1,615,057,000^ 1,615,057,000
10-12 yrs
12 years
13,244,000
2 years
145,128,400
Total
for
*0.375
99.905
*0.375'
100 I
*
750,630,555
%$&••'.
a
13,244,000
750,630,555
May 1-31 May
99.905
100
•'.#•
a
s
v.r 2
'
b
>
145,128,400 100
-,—.7,160,789,955
May
1,887,125,000-.
1,215,335,000
shs.
of
4%
cum.
(April).
stock
(par
.
4'/2%
O.
loan,
due April
1954,
1,
$600,000
Inc. 3Va>%
1st
mtge.
15, 1964, $3,000,000
notes dated
Jan.
1944,
15,
due
(January).
*0. 375
2
Jun
8
days
1,989,776,000
1,202,315,000
99.905
*0. 375
Jun
9
Jun
15
91 days
2,193,852,000
1,200,955,000
99.905
*0. 375
Jun
pref.
99.905
Jun
20,000
CORPORATE
16
Jun
22
91 days
1,211,580,000
99.905
*0, 375
Jun
23
Jun
29
91
days
2,173,813,000
2,308,882,000
1,207,842,000
99.905
*0. 375
1
10-12 yrs
1,842.233,902
1,842,233,902.
May 26
Jun
1
i
91 days
91
a
a
Jun 1-30 Jun
12 years
5,666,000
5,666,000
100
2
Jun 1-30 Jun
2 years
1,922,274,900
1,922,274,900
100
b
issues
of
35.4
.
total
volume—
of
issues
of
total
—
'
30
55
25.2
93
55
38
—_
$223,269,700 $210,664,850 $433,934,550
volume—
issues
of
128
total
of
34.8
38.0
volume
of
total
of
of
sales
of
series C-1945,
A-1945,
about
1.92%
a
year
series C-1946
and series C.
USE
and series C-1947.
about 1.07%.
OF
Total Amount
Type of
Security
A
earn
New
Accepted
Refunding
$
Dated
Series
FUNDS
$
•*
Indebtedness
$
157
91
day Treas.
bills
$834,540,289
Jan
13
91
day Treas.
bills
1,000,234.000
1,000,234,000
30.2
Jan
20
91
1,017,180,000
1,000,766,000
16,4_14~O6O
137
Jan
27
1,015,849,000
1,008,065,000
$309,980,000 $418,577,500 $728,557,500
Jan
1
7,784,000
1,698.408.259
Jan
day Treas. bills
91 day Treas. bills
U. S. Savings Bds.
Depositary Bonds-
Jan
Tax
71
66
30.7
issues—
35.3
33.2
51
volume—
76
127
total
33.8
30.8
31.8
64
volume—
issues
53
117
$305,991,000 $150,311,094 $456,302,094
total.volume—
:
17.1
......
Jan
6
Intermediate
Credit
Banks
and
by the Joint Stock Land Banks.
also
Antic'n
Notes
Total for January—
Feb
3
Feb
10
91
Feb
17
91
24
91
18.7
a
small
Financing by
government agencies, which in the past decade reached
1,005, 560,000
1,004,665,000
895,000
1.012, 222,000
10,807,000
1,007, 481,000
1,001,415,000
1,007,481,000
2,126, 896,000
2,126,896,000
huge proportions, disappeared altogether since October,
1941; as a new policy put into effect by the Treasury
Feb
1
Certifs.
U.
S.
*
of
indeb.i
Savings
Bds.
1,112,000
1,920, 000,000
1,920,000,000
3,331,000.000
5,036. 000,000
5,036,000,000
2,781, 474,131*
Bonds-
18, 349,500
1,017, 091,700
Depositary
2,961,307,05f
3,331, 000.000
Tax Antic'n Notes-
Total for
1,216,149,300
day Treas.
1
•
14,690.500
1,216,149,300
day Treas.
1
1
14,690,500
1,002,630.000
1
:
1,698,408,259
4,015,998,000
Feb
Feb
7,861,000
1.003, 742,000
Feb
Feb
1,006.933,000
6,977,305,059
bills
bills
91 day Treas. bills
Treasury
Notes—
Treasury Bonds—
Treasury Bonds—
Feb
1,014,794,000
bills
day Treas.
Feb
23.3
Farm Loan and Government Agencies
Federal
series
and
92
29.6
»
issues
total
_
of
which
36.6
$229,828,780 $450,683,000 $680,511,780
of
of
30.6
65
volume--
-
of
64,112,840,765
$326,959,904 $507,580,385
issues
1—
of
—
basis, a Comprised of three sepa¬
E have.lC-year maturity, are. sold on a
yield 2.90% ; series F have a 12-year matur¬
ity, are sold on a discount basis, at 74, and yield 2.53ck; and series G
have a 12-year maturity, are sold at
100, and bear 2xMo interest,
b Comprised of separate issues,, designated Treasury notes of tax series
series,
discount basis at 75.
215
87
$538,562,300 $418,775,000 $957,337,300
—
of
9,808,201,802
months
41.6
64.4
31.2
six
♦Average rate on a bank discount
27.4
22.2
June—
for
rate
v
$91,920,000 $180,977,500 $272,897,500
of
for
Total
—
.
V
.>•.
25
...
'
—
$349,484,625
„
Total Year
Last 6 Mos.
47
issues
of
Total
FINANCING
Financing in this classification consisted solely of the
amount
of
13
Feb
Feb
Volume
During the first six
sold
*0.375
6
Volume
Percent
920,000, and for
so
stock, $351,675
com.
largest raised through the medium of private
1941.
99.905
Feb
Mar 1-31 Mar
1958,
1,
'
1938—Number
were
1,007,481,000
13
Volume
issues
1,978,929,000
Apr
Percent of total volume
marked increase both in volume and number of
25
days
Apr
Volume
25,487,816
sales since the latter half of
*0.375
91
7
1st 6 Mos.
Percent
months of 1943
99.905
May 1-31 May
Dayton,
Stores,
1944
Was also the
Oct.
due
Hampshire 1st mtge. 3V\f/o
15-year
Potash
Volume
show
trust
(January).
Ry.
$2,000,000
29,858,878
the
*0.374
1,012,222,000
Jun 1-30 Jun
States
13,943,995
during
debentures,
1st mtge. bonds, due Dec. 1,
Petroleum
(March).
16,782,675
sales
$2,000,000
due 1945-1959,
semi-annually
due
15,219,622
Sales of Securities in
security
99.905
2,314.407,000
Apr
Volume
264,885,197 131,026,646 389,569,510 126,330,104
Private
Private
1,005,560,000
days
sinking fund secured notes, series B,
(May).
Co,
Brothers
$450,000
;
Tol. cal. yr.
2,551,503,000
91
May 1-31 May
Co.
Line
Air
LL,
Stephens
5,494,001
December
$2,400,000
(April).
000,000
31,149,987
21,041,519
November
$1,000,000 (June).
(June).
26,816,407
»
October
'/s %
26,050 shs.
Corp,
Corp. 1st mtge.
$50,000,000 (May).
9,376,746
—
fund
Steel
27,508,916
August
*0.374
99.906
1,003,742,000
2,459,243.000
91
days
days
91
3
Jan Feb
Total for
Reeris Paper
279,655
"
57,519,975 249,703,341
4
6,977,305,059
January
Feb
28
,,
Mar 31
of New
Co.
1942—Number
July
2
b
Mar 1-31 Mar
Airlines
$900,000
1973,
$2,000,000
.....
—
June
debentures,
Rheem.Manufacturing Co. 33/4%
28,876,706
13,558,096
14,690,500 100
1,216,149,300 100
24
1,
(March).
Republic
12,855,884
16,191,866
—
May
a
14,690,500
1.216,149,300
Jan
12-year sinking fund 4s,
sinking
PRIVATE
20 830 370
7,798,682
a
12years
2 years
1-29 Feb
14,726,274
11,227,634
23,535,222
10-12 yr.
1-29 Feb
Equitable Meter
(June).
$
60.081,270
.
1
1-31 Jan
Jan
24
due Nov.
•
1940
1941
1942
49,139,381
—
—
—_
1943
1-31 Jan
1,000,234,000
1,017,180,000
1,015,849,000
1,698,408,259
Feb
(January).
serially to Jan.
H1944
Jan
2,273,537,000
2,290,465,000
1,698,408,259
18
$3,500,000
Wieboldt
2,173,694.000
91 days
91 days
10
(March).
FINANCING
91 davs
27
Feb
Inc.,
Pittsburgh Steel Co. 4V2%
Unlvis
13
20
Jan
17
'
Pittsburgh
$100),
Jan
Jan
Feb
serial notes, $9,500,000 (March).
Peoples Gas Light & Coke Co., 1st & ref. mtge.
due June 15, 1961, $20,000,000 (June),
United
*0.374
* 0.374
*0.374
7
bonds, due March 1,
25-year 3Va%
due June 1, 1969, $20,000,000
series
99.905
99.905
99.905
%
"
14
1-29 Feb
Pennsylvania Co,
Seaboard
*0.373
feV-V:
21
Feb
Washington, D. C. 3V2% notes dated April
for 15 years, $2,500,000 (April).
3V2%
Co.
(May),
St.
99,906
Jan
11
& St. Louis RR." 1%% serial equipment
1944, due 1945 to 1954, $1,800,000 (May).
Pennsylvania-Central
account, and
present the results in the table below:
ISSUES
Tobacco
due
1,014,794,000
2,255,535,000
1944
Feb
Chicago
certificates of
due
91 days
Feb
debentures, due in 1956,
Co.,
6
Jan
31
Mar
York
000
Yield
$
1943
Feb
1st mtge.
Corp.,
Hotel
Price
Accepted
Applied for
Due
series,
4%
(June).
Public
Dated
Feb
3%%
Building
McEwen Kaiser
1959,
TREASURY FINANCING DURING 1914
Amount
Amount
STATES
Date
Offered
Total for
1944 and due quarter-annual
Penn
in this way was provided
additional working capital.
Our customary tabulations follow:
Treasury
Mar
Mayflower
maturing issues the
with $968,274,000
mately $200,000,000 more than the
sinking fund debentures, due Dec. 1, 1955,
Inc. 3Vst%
Bryant, Inc.
New
„
weekly Treasury Bills are for approxi¬
As the sales of
Jan
(April),
May
next month.
Jan Feb
Co. 1st mtge. & collateral trust 3
$3,500,000 (May).
McGraw-Hill
15,
below for the month of
drive. The results of the
campaign will be given
Jan 1-31 Jan
(February),
$1,000,000
1961,
will
series, due
bonds,
debentures,
3% %
Inc.
Department Stores,
(January).
Keith Corp. 12Va-year 3y4%
Kcppers
Lane
1,
$3,000,000
F.)
the tabulations
be credited to the
appearing in
Jan
convertible preferred
trust
announced
remainder of the Fifth War Loan
Feb
collateral
(February),
&
mtge.
$63,000,000
1973,
June tabulation.
our
give the final results but it was
at this time to
Jan
(Feb.).
1st
Co.
Power
Kcbacker Stores,
the companies whose securities are involved
part of the proceeds of the sales. Such offer¬
ings as these have no place in our compilation of new
issues, but we have tabulated them separately for what¬
no
due
debentures,
sinking fund debentures,
10-year 2 »/4%
1954,. $10,000,000
Illinois
(B.
sequestered from its nationals. In June, 1941, legislation
was
enacted authorizing the Reconstruction Finance
$6,500,000
4s,
sinking fund loan, $1,000,000 (May).
Stores, Inc. 3%%
General
1958,
offerings had been extraordinarily large in some months,
undoubtedly due to the activities of the British Govern¬
ment in liquidating the American securities which it
fund
4'/a%
of
shares
15,000
(June).
Co.
Trailer
interstate
occasion that owners of large blocks of
securities which have been outstanding for some time
desiring to liquidate all or part of their holdings, prefer
to dp so by making a public offering of the securities
involved.
After the start of the European War, these
3y4% sinking
(February).
Inc.
Stores,
Gamble
Special Offerings
It happens on
1961,
1,
included in
July 10 that the quota has been exceeded. All subscrip¬
tions for Savings Bonds and Tax Anticipation Notes
$474,950
due Dec,
sinking fund
15-year
mtge.
$2,000,000
1959,
stock, $1,500,000
due
Issues Not
stock,
common
Fifty-Sixth & Fifth Corp. 15-year 4% loan, $3,000,000 (May).
Florida
Power
Corp. 3XU%
serial debentures, due serially Aug.
1944-1957, $4,000,000 (February).
1945-1959.
serially
3«/4, 3'/2, 3%
of
debentures,
not
are
billion dollars
8, but the re¬
Department from June 1, through July 31, 1944, will
also be credited to the drive. It is therefore not possible
Dec
Fruehauf
Co. of Pennsylvania 2\'a % equipment trust
certificates, due annually June 15, 1945 to 1959 (purchase
thereof
$
1st
Inc.
Brothers
Jan.
RR.
3,720,000 Central
3xk%
Inc.
(April),
Edison
Pacific-Missowl
6,040,000 Texas
Offices,
.
1
received at the Federal Reserve
(January),
$500,000
sinking fund debentures,
(refunding).
1959
shs.
15,000
Co.
Chemicals,
&
to raise 16
June 12 and ran through July
on
UNITED
Plastic
Eastern
1st and ref. mtge. 3%
1961
Corp. 15-year 3%%
13,000,000 Sunray Oil
due
Light
Gas
(May).
(June)./
Durez
26,250,000 Aluminum
fund
20-year 1st mtge, 3 Vzs, due April V
Detroit & Canada Tunnel Corp.
Dresser
30,000,000 Alleghany
;
4% sinking fund debentures, due
"
Delaware Lackawanna & Western RR. 2«/a%
equipment trust certifi¬
cates, series C, due semi-annually to Feb. 1, 1950, $1,860,000 (Apr.).
Dayton Rubber Manufacturing Co.,
March 1, 1958, $500,000 (June).
JUNE
4 -•
.
subscriptions for Savings Bonds and Savings Notes
Banks or the Treasury
All
June
10-year mortgage loan (interest
(25 Broadway Corp.)
Building
trust
& Pacific RR. V/a % equipment
$7,260,000 (March).
serially,
due
X.
series
certificates,
Paul
St.
Chicago Milwaukee
Cunard
•
Libby serial (1%
1945-May 1, 1959
3,568,530 Flintkote Co. 237,902
value
program),
Light Co. 1st mtge. bonds, 3%
(refunding).
1974
due
debentures, due Jan, 15, 1959, $2,000,000
Chicago Mail Order Co. 3Va7o
series A, of
issued
9,000,000 New Jersey Power &
notes,
RR. lJ/4%*serial collateral trust
serially March 1, 1945-Dec. 1, 1949, $10,000,000 (May),
(February).
Rayon Corp. 100,000 shares of $4.50 preferred
no par value (retire promissory notes,
9.900,000 Industrial
3Vz% collateral trust bonds, due
Burlington & Quincy RR.
1969, $30,000,000 (May).
1,
due
of $4.25 cumulative
Hanna Co. 100,000 shares
preferred, stock (refunding).
compared with $246,975,-
•
.
The Fifth War Loan Drive
started
sults
2Vz(U- equipment trust certificates, due serially
(March).
Ry.
$26,000,000
Chicago Burlington & Quincy
(refunding).
10,000,000 (M.
Pacific
1944rl954,
Chicago
& Quincy RR, IV«% serial
serially March 1, 1945-Dec,
due
debentures,
3% „3-year
Co.
(May).
$2,000,000
bonds, series L 3%,
Co. 1st mtge.
(refunding).,.*.
23/4) notes, due
(April).
Feb. 1, 1947,
serial <2V*, 2%. 2%, 2%,
1944-Aprii 1, 1949, $750,000
1,
Aug.
Electric
Canadian
10,000,000 Chicago Burlington
v
mtge. 3xk1o 8. f. bonds, $26,250,000
Inc.,
Co.,
semi-annually
Automatic
sinking fund secured
3 Vh'/c
1, 1969
due June
B,
series
notes
25-year
Co.
20,000,000 Pennsylvania
grouped under this classifica¬
aggregated $236,770,000 as
000 in the 1943 period.
Treasury Financing in June ;7
Edison
Arizona
bonds,
3% due April
tion
-
,
(June).
collateral trust
Tower Co. 1st & ref. mtge.
1, 1974 (refunding).
Electric &
D,
.
months of 1944 by entities
1st mtge. loan,
20-year 3%
N. Y. City,
Bronx,
Institute,
(April).
$365,000
Aluminum Co. of Canada, Ltd., 1st
Burlington & Quincy RR. 3'/2%
due Dec. 1, 1969 (refunding).
bonds,
Hallows
All
30,000.000 Chicago
23,000,000 Virginia
agencies to be taken care of, during the emergency at
least, by direct United States Treasury issues instead of
by the sale of their own guaranteed obligations.
"
The total volume brought out during the first six
deals were 22.2% of the total.
Following is a list of all private issues which we have
reported in the first six months of 1944, together with a
summary of the figures for the past several years:
sinking fund 3Vs% bonds,
60,000,000 Republic Steel Corp. 1st mtge.
series due 1964 (refunding),
series
1951
V.';--/
of equipment).
(purchase
needs of these
provides for the monetary
at that time
In the first six months
in the period.
securities
their
of 1943 private
equipment trust certifi¬
RR. 2'/2%
4,267,000 Grand Trunk Western
of no par com¬
1944
Monday, July 17
FINANCIAL CHRONICLE
THE COMMERCIAL &
264
February:.;.—_*i- 20,259,806,331*
2,781,474,131
;
„
18,349,500
1,017,081,700
6,143,087,000 14,116,719,331
Volume 160
Number 4299
USE
OF
FUNDS—Continued
Barney
Total Amount
Type of
Dated
THE COMMERCIAL & FINANCIAL CHRONICLE
Security
Refunding
Co.;
New
>
Accepted
&
Indebtedness
$
$
Mar
2
91
day Treas. bills
1,002.953,000
9
91
day Treas.
1,011,344,000
Mar 16
91
day Tregs. bills
1,011,344,000
1,016,034,000
1,016,034,000
Mar 23
91
day Treas.; bills
1,001,105,000
1,001,105,000
91
day Treas.
Mar 30
bills
bills
$
:
3,720,000 Central
1,000,649,000
1
Treasury Bonds—
74,540,500
74,540,500
1
Treasury Bonds—..
93,048,500
-93,048,500
3,743,211,000
3,743,211,000
Mar 15
Treasury
Mar
U.
1
S.
Notes
Savings Bds.
Mar
Depositary
Mar
Total
37,825,000
9,927,887,684
8,942,885,000
•
1,007,677,000
985,002,684
6,040,000 Texas
:
,
13
91
day Treas. bills
1,014,423,000
1.000,234,000
Apr
20
91
day Treas. bills
1,013,435,000
27
91
day Treas.
bills
1,013,541,000
1,013,541,000
4,876,511,000
Certiis.
indeb-
4,876,511,000
Apr
U. S. Savings Bds.
Depositary Bonds.
Apr
Tax Antic'n Notes_
14,189,000
299,749,300
.
4
91
v
299,749,300
9,978.849,934
day Treas.
8,911,398,000
1,067,451,934
bills
1,017,106,000
1,002,280.000
1,005,662,000
1,012,743,000
1,207,114,000
1,007,677,000
1,615,057,000
-
U.
S.
of
indeb—
Savings
A Depositary
Bds.
3% %
13,244,000
13,244.000
145,128,400
and
.
Parker
Halsey,
&
May___
7,160,789,955
4%).
&
A,
RR.
due
5,643,419,000
G
Co.,
1,517,370,955
and
Society
by
day Treas.
bills
1,215,335,000
1,007,386,000
207,949,000
John
day Treas.
bills
1,202,315,000
1,035,494,000
166,821,000
Mutual
Jun
15
91
day Treas. bills
1,200,955,000
1,016,136,000
184,819,000
Co.
Jun
22
91
day Treas.
bills
1,211,580,000
1,001,087,000
Jun
29
91
day Treas.
bills
1,207,842,000
1,009,650,000
198,192,000
U.
S. Savings Bds.
1,842,233,902
5,666,000
Depositary Bonds- i
of
for
June——
Co.
for
six
1,922,274,900
5,069,753,000
and
Walker,
Austin
U.
Mutual
INDUSTRIAL
Co.
bonds.
bank
serial
mtge.
rates
IV2,
Priced
S.;
Co.;
bonds,
314, 3y2,
3,
from
Life
$
Net Issued
of
17,898,000
39,964,000
169,500,000
February—
261,000,000.
,
Notes
75,000
260,925,000
111,601,000
145,799,000
34,198,000
100
due
3%
and
int.
February-
406,799,000
111,676,000
Certificates
—
39,000,000
.
;
150,000
11,060,000
311,181,000
[y.'i ■'
v
Total
for
'
rj
''V*
Ltd.
5%
Price,
&
1st
refunding
350,181,000
Life
38,850,000
tures,
—
.
28.000,000
—
Notes
300,000
stock
Sold
100
U.
12,068,000
&
Co.
12,368,000
190,656,000
Notes
279,800,000
155.522,000
11,045,000
privately
to
&
notes,
Offered
Co.;
Inc.;
R.
S.
Cohu
plant
for
435,522,000
May.
11,245,000
due
The
Ohio
Kaiser
Co.,
Inc.
i
5,995,000,000
5,669,685,000
399,031,000
558,540,000
1959.
U.
the
S.
Lee,
privately to nine banks
through Blyth & Co., Inc.
6,394.031,000
Total
for
six
months—
•Comprise sales
of
6,228,225,000
6,414,688,000
series
1,584,333,000
certificates
Civil
Service
notes; certificates
Unemployed Trust Fund,
Canal Zone
Savings
Life
Government
Insurance
Fund,
Federal
Savings & Loan
Below
Life
Insurance
Deposit
Fund,
National
Insurance
Insurance Corporation.
&
Co.,
Co.;
Co.;
&
Co.;
Kebbon,
Co.;
Lynch;
.
.
.
..
LAND,
Corporation,
and
'■■/■■''y'
give complete details of the capital flota¬
tions during June, including
every issue of any kind
brought out in that month:
Patrick's
serial
mtge.
103
The
and
First
Riter
&
/
'
int.
&
Co.;
H.
&
April
int.
:
Corp.
Offered
'
&
3'4%
1954.
15,
Co.;.A.
Redpath;
J.
refunding.
Dillon,
Read
&
notes,
Price,
102.15
and
Co.;
&
Ball. Buree & Co.;
Bear,
G. Becker & Co., Inc.; Blair & Co., Inc.; Boettcher &
Bosworth, Chanute. Loughridge & Co.; Alex. Brown
Sons; Central Republic Co. (Inc.); Clark, Dodge & Co.;
Courts &
Co.;
Eastman,
Clark
Corp.;
•
Co.;
The
In».;
C.
Co.
&
Co.;
Hill
&
First
L.
Forgan
&
Co.;
Corp.;
Co.;
&
Emerson
Estabrook
Richards
Cleveland
1st
ref.
Goldman,
Richards
&
<fc
Hallgarten
Shepard
Stone
Lehman
(no
Peabody &
Co.;
Lazard
Brothers;
Inc.;
E.
A.
Securities
&
Co.;
&
Sachs
Henry
Co. of Chicago;
Freres
Masten
Corp.;
Leonard
&
Co.;
&
Putnam
Rollins
&
Lee
&
Co.;
&
Janney
&
Co.;
&
S.
Moseley
&
Co.;
Fenner
1956.
due
Co.;
Mellon
$1)..
Offered
680.000
&
Sons,
bacher
&
&
Shields &
Co.;
Reynolds
Inc.;
Scott
&
L.
&
F.
Co.;
Riter
Rothschild
Stringfellow;
&
&
Chas.
Co.;
Cook
Co.;
W.
E.
by
&
&
Co.;
Singer,
Deane &
Schwa-
Co.;
Co.;
Moore
Scranton
•
Scribner;
Smith,
&
Johnson,
J.
Co.;
H.
Potter
capital.
85,000
Dean
and
M.
Murch
&
15,000 shares of
Lane,
The
&
Co.,
Inc.;
Co.;
share.
per
of
tho-
stock
common
Offered
by
Blyth
4b
906,150
Co.;
$88
&
share.
per
shares
(110
of
$29
per
of
par).
Price,
Co.
45,600
$397/b
share.
per
'
.
.
Emanuel
&
14,100
of
Offered
,
with
stock.
common
Merrill
shares of
share.
per
Barney &
Co.
Price,
& Co.;
&
Lyncb,
stock
common
Originated with Drextd
Co.
5,000
shares
share.
per
of
&
Originated
Co.
9,795
per
$33
Inc.
$10.50
Price,
share.
shares
isues
86,300 shares
per
share.
$33
of
for
preceding,
stock
Chas.
stock
common
Offered
share.
per
Co.
7,500
shares
A.
share.
per
M.
Kidder
by
F.
W.
(pa*
Eberstadfc.
(deposit certificates):
Originated
of
capital
Offered
Chemical
$5).
Price,
Co.
&
Works
$23
by
and
with
stock
Chas.
Paine,
12,000
shares
share.
Offered
per
(no
Sheet
&
Tube
Price,
par).
Barney
&
Smith,
(no
W.
par).
Scranto»\
Webber,
of
Jackson
capital
by
F.
stock
Eberstadfc
Co.
$38
16,000
per
shares
share.
of
common
Originated
with
Co.
placed privately,
tlndicates
comprehensive tables
on
special offerings.
the
following
pages
the June and the six months' figures with,
corresponding periods in .the four years
thus affording a five-year comparison.
compare
those
capital
by
and Paine, Webber.
Co.
Smith,
the
of
Offered
Curtis.
stock
In
(no
Shields
Co.
t608,000 Youngstown
we
with
Curtis.
$34%
Co.;
(par
■"Indicates
Wertheinot
stock
common
A. M. Kidder & Co.,
Semler,
stock.
276,000 Victor
(par
Co.;
Co.
$19%
Manufacturing
&
(par
Starkweather
Originated
Inc.
shares
Beane.
$23%
Frice,
Frice,
Co.;
Pomeroy,
Inc.;
A.. G.
Lemon & Co.; Berwyn T.
Courts & Co.; Hill, Richards & Co.;
'
$1).
(par
Blyth & Co.,
by
;
share.
&
Bit
267,813 Torrington
Co.
Hano;
B.)
Barney
share.
stock
Lelk-
Co.
&
common
stock
with
stock
common
Offered
Regulator
t319,572 Swift International Ltd. 9,684 shares
Kirk-
stock
Origi¬
common
Originated
Corp.; Tucker, Anthony & Co.;
White, Weld & Co.
and
&
Co.;
share.
per
Co.
L. F. Rothschild & Co.; Shields & Co.; I. M.
Co.; Smith, Barney & Co.; Stein Bros. & Boyce;
$25).
$1).
&
Bos¬
&
&
Price,
&
Co.
(R.
Neb.;
Co.
Space & Co., Inc.;
Newburger
$100).
Co.;
&
Co.
(par
Witter
Dain
&
common
Price,
shares of
Schoellkopf,
Hutton
&
Sons; Johnston,
Ohio
shares
American
323,235 Scoville
Co.;
Boettcher
&
4,500
per
Price,
Offered
Edwards
stock.
Brothers; Goldman,
Sachs & Co.;
Bacon, Whipple & Co.; A. G. Becker & Co.,
Co., Inc.; Blytn & Co., Inc.; Boettcher &
Dcminick & Dominick;
Emanuel &
Co.; Graham,
Roller
Purpose,
and
&
H.
of
purchased
&
tl 15,625 Reed
Republic Co.,
Higginson Corp.;
William Blair
The Illinois Co.
of
Co.;
Co.;
Kirkpatrick-Pettis
Co.
shares
who
Co.
Lehman
Blair
par).
■
Co.;
&
Lee
Maynard
working
(no
Goldman,
&
Central
Co.;
&
Loughridge
Inc.;
191.040
&
5,000
Grace
Electric
by
&
Lincoln,
of
Beane;
Inc.;
Co.,
Chapman
Walker
by
Parsons
&
Co.;
Halle
&
Stieglitz; Hallgarten & Co.;
Hayden, Stone & Co.; Hemphill, Noyes & Co.; Hornblower
Weeks; W. E. Hutton & Co.; Johnston, Lemon & Co.;
Kidder, Peabody & Co.; Laurence M. Marks & Co.; F. S.
Moseley & Co.; Paine, Webber, Jackson & Curtis; Reyn¬
Purpose,
general corporate purposes.
Price. $8 per
by Van Alstyne, Noel & Co.; Field, Rich¬
ards' & Co.; R. S. Dickson & Co., Inc.; Bond & Goodwin,
Inc.; Cohu & Torrey; E. W. Clucas & Co.; Westheimer
share.
Ohio Co.; Otis & Co.; Paine, Webber, Jack¬
Parrish & Co.; R. W. Pressprich & Co.;
Co.;
Co.,
Drackett
(The)
$1).
Curtis;
&
&
Purpose,
Beane;
Newhard,
H.
Co.
&
Bacon, Whipple &
Carpenter Paper Co.
Moore,
&
Co.;
G.
Trust
Fenner
&
stock
common
Co.;
&
Inc.;
Simon
patrick-Pettis Co. and Burns,
435,000
Mason-Haean.
Milwaukee
&
Lan^ley
Corp.; Leh¬
Co.;
of
Offered
Co., Inc. 42,000 shares of
Smith,
Allen
»
McCormick
Chanute,
Kalman
Co.;
C.
Becker
Farwell,
Co.;
worth,
Kidder,
Co.;
W.
G.
Kebbon,
Chicago;
John¬
Lemon
Higginson
Pierce,
The
Co.;
and
Offered
MANUFACTURING
First
Pierce,
The Wisconsin
fiz
Co.;
&
Inc.;
McDonald
Co.;
F.
&
A.
Co.;
Inc.;
,
The
Corp.;
Lynch,
com¬
Offerad.
.
$28
$365/s
Price,
par).
Jackson
Securities
of
;■
Fenner
Co.
Co.;
debentures,
AND
&
Co.
Scranton
Merrill
Co.,
&
Herman
Marks & Co.;
Merrill Lynch,
Lynch;
The
Co.;
&
Laurence M.
Turben
son
&
Harris, Hall
Hayden, Miller
Co.;
Kirchofer & Arnold.
Merrill,
&
Nolan
Co.;
&
Lane, Space & Co., Inc.; Johnston,
Kebbon, McCormick & Co.; A. M. Kidder
man
Inc.;
shares
share.
per
5,733,700 Radio-Keith-Orphcum Corp. 57,337 shares of 6% cumula*tive preferred stock (par $100).
Price, $91.25 per share.
portion offered and sold by Glore, Forgan & Co.;
Hayden,
Stone
&
Co.;
W.
E.
Hutton
&
Co.;
Mellon
Fahey,
Ltd.
Hentz
Marx
(par
Price,
stock
scribed
Boston
H.
Sterling
t266,138 Philadelphia
Creamery Co. 100,433 shares of common stock
$25).
Purpose, refunding.
Price, $27.50 per share.
for subscription to common stockholders. Unsub¬
(par
shares
share.
per
share.
Price,
$28.50
Fierce,
Brothers.
offering prices.)
INDUSTRIAL
by
stock
&
Offered
Co.; Hornblower & Weeks; W. E. Hutton
Illinois
The
Co.;
Hawley,
Hayden,
Co.;
Co.,
Co.;
First
Folger,
son,
&
&
&
The
at their
76,900
$43.25 per chare.
Price,
(2-4%)
par value are taken at par, while pre¬
value and all classes of common stock are
par
41,475
tl,504,800 Paramount Pictures Corp. 52,800 shares of
O.
stated
a
no
Corp.
per
Macy
common
$2,761,908 Beatrice
;
Parsons
(Inc.);
Co.;
H.
Corp.;
Field.
Glore,
Graham,
&
Co.;
&
Securities
&
of
of
OTHER
Curtiss, House & Co.; Dick & Merle-Smith;
Dillon
Equitable
computed
Stearns & Co.;
Co.;
&
stocks
stocks
Origi-
Brothers.
Swiss
ferred
$27.50
by Union Securities Corp.
»,
STOCKS
(Preferred
Price,
1,814,300 Minneapolis-Honeywell
Beane.
due
Hemphill, Noyes
Co., Inc.; Auchincloss, Parker &
S. Bache & Co.; Baker, Watts & Co.; Baker,
Allyn
Weeks & Harden:
A.
convertible
Inc.
Investments,
$2
par.
olds
secured
Furpose,
by
C.
H.)
Price,
RAILROADS
S30,000,000 Alleghany
Stores,
$42.25
Tin
with
194,625 Merck
corporate
purposes.
Placed privately
with an
institutional purchaser by Merrill Lynch, Pierce, Fenner
Years)
class
of
share.
per
.'r.
Brothers.
M.
general
Long-Term Bonds and Notes (Issues Maturing Later Than
shares
$57/8
conif-
Ofiered
Meeds.
3,625,000 (R. II.) Macy & Co., Inc. 100,000 shares of commm stock,
(no
par).
Price, $36.25 per share.
Offered by Lehmaa
Graham,
Laurence
(R.
(no
due
334%
Inc.
&
Co.
RUBBER
Bryant,
11,800
of
share.
per
Bissell
I:iC.
man
Rubber
Manufacturing
Co.
4%
sinking fund
debentures, due March 1. 1958. Purpose, working capital.
Sold privately to Equitable Life Assurance Society of the
*$1,000,000 Lane
20,000 shares
•
tl,538,250
M.
ETC.
Youngstown,
through
confc-
Originated
Beane.
663,057 McKesson & Robbins, Inc. 27,772 shares of common slock
(par $8).
Price, $237/a per share.
Offered
by Blytji
& Co., Inc.
*$500,000 Dayton
States
Corp.
Price,
Torrey.
par).
Schaffner .As
nated
MISCELLANEOUS
During June, 1944
(no
$10).
Co.,
&
United
&
$156'/2
par).
&
share.
per
Co,
&
Price,
Department
at
140,000 Hart,
:;v
Aug.
1,
1944-1956.
Purpose,
refunding.
Priced from 100 and int. to 101
and
int.
according to maturity. Offered by B. C. Ziegler & Co.
Details Of New Capital Flotations
Nemours
(no
privately
stock
Boston
Co.;
Weeks;
&
McCormick
BUILDINGS,
bonds,
share.
Co.,
Price, $21.25
Pierce, Fenner
Machine
Cohu
Price,
&
Placed
•
Blair & Co.; The Milwaukee Co.;
Hayden, Miller & Co.; Loewi & Co.;
Co.;
Stein
Bros.
&
Boyce;
Moore,
Piper, Jaffray & Hopwood and Rogers
Parish,
par).
Sachs
Fund,
$300,000 St.
by Union Secur¬
26,000
per
&
$20).
stock
3,249,025 General Foods
Tracy,, Inc.
Postal
Service
by
stock
common
Inc.
Barney & Co. and Laird,
stock
mon
William
Richter
&
Hornblower
Inc.;
Offered
preferred
Offered
by Allen & Co.
.
we
Five
&
Leonard
fNet retired.
.
&
Scherck,
Account,
Fund,
Foreign Service
Retirement
Retirement Fund, Alaska Railroad Retirement Fund,
System,
Federal
Trust
Retirement
Price,
Nelson Douglass & Co.;
Wisconsin
The
and
sold to Adjusted Service Certificates Fund and
and notes to Federal Old
Age and Survivors Insurance
Dillon
&
Parsons
de
(par
1,140,462 Federated
sinking fund debentures,
refunding.
Inc.;
Pont
preferred
15-year 3%%
Glore,
Byllesby
Marks
7,999,021,000
special
6%
Inc.
Lynch,
with
(par
Forgan & Co.; Lee Higginson Corp.;
Stone
&
Co.;
Hemphill,
Noyes
&
Co.;
W. C. Langley & Co.;
Merrill Lynch, Pierce, Fenner &
Beane; Paine, Webber, Jackson & Curtis; E. H. Rollins
165,806,000
cf
share.
per
Manufacturing Co. 6,100 shares of
par).
Washing
common
Blyth & Co., Inc.; Kidder, Peabody & Co.; Lehman
& Sons,
deben-«
tl47,000 International Rys. of Central America 1,470 shares of $5.
Eastman,
by
du
*382,080 General
insurance
and
Co.
Evans
Co.,
(no
stock
nated
,
.
Sold
&
Merrill
169,325 Easy
Higginson
,,
Co.,
&
$37.50
A.
Decker
&
by Smith,
sinking fund deben¬
through
Price,
stock
mon
debentures, due 1945-1959.
Sold privately to a group
Purpose,
Brothers;
Hayden,
V-
Issues
consolidated
.
shares
$112
share.
per
Bakeries
Clement
3,130,000 (E. I.)
refunding ($2,277,500), working
Placed privately with Equitable Life
of
$32
with
Purpose,
Society
1959.
Corp.;
•
0.85%
10,166
Price,
Corp.
Blyth
mon
->;•
Offered
f 159,509,000
Notes-
America
and
par)i
1129,625 Black
&
,
due
325,315,000
of
$100).
Price,
ChishGlm
by Van Alstyne,
Dickson <te Co.,
headed
$13,000,000 Sunray Oil Corp.
424,277,000
Banks
&
Waggoner,
Brooke,
Tindall &
Co.;
Norris
4c
Hirschberg, Inc.; Kirchofer & Arnold, Inc. and Varnedoa,
Co.
expansion.
($1,222,500).
companies
June—
Certificates
stock
Price»
Neal
ex¬
$35,250,000
144,477,000
,
Total
.
200,000
Lehman
shares of
capital stock
Offered by Courts 4b
Inc.; The Robinson-Hum¬
phrey Co.; J. H. Hilsman & Co., Inc.; Milhous, Martin &
McKnight, Inc.; Johnson, Lane, Space & Co., Inc.; Wyatt,
OIL
280,000,000
Loan
Securities
Corp.
(no
May—
Certificates
by
Representing New Financing
par).
Co.;
fund debentures,
serial
and int.
and
post-war
debentures.
162,956,000
203,024,000
Offered
Government Agency
Co.
(par
975,000 American
•
S.
purposes
companies.
pay
Richards
sinking
pay
Manufacturing Co. 334% 10-year debentures, due
\ June 1, 1954.
Purpose, pay bank loans ($625,000), refund
27,700,000
175,024,000
share.
per
series
ities
corporate
int.
and
Corp.
:
and
Home
Issues Not
Co.
3>/2%.
mtge.
15-year sinking
Goodwin,
institutions
capital
338,971,000
'April—
$13.75
Inc.
15,000 shares of
common
Purpose,
general
corporate purposes..
share. Offered.by F. Eberstadt & Co.
$1,016,600 Aluminum
Insurance
*2,000,000 Rheem
Certificates
purposes.
,
$87,150,000
by Metropolitan
Life
Insurance
Co. at an average interest cost of 3.17%.
Hemphill Noyes
& Co. acted as selling agents.
300,121,000
11,210,000
Co.;
($5,250,000),
other
Purpose,
Field,
Co.;
Bond
Assurance
;
corporate
privately by Lehman Bros,
Co,
Intermediate
Credit
Banks
$17,275,000 .0.80%
debentures, dated July 1, 1944, due Jan.. 2,
1945; $25,875,000 0.90%
consolidated
debentures, dated.
July
1,
1944,
due
April
2,
1945.
Purpose,
refunding
($39,025,000), new money ($4,125,000). Price, par. Offered
by Cnarles R. Dunn, fiscal agents, New York.
MANUFACTURING
101.87
-y.
March——
of
convertible
consolidated
Co.;
Northwestern
Insurance
*3,500,000- Pittsburgh Equitable Meter Co. 3¥2%
Notes
£
&
Purpose,
295,123,000
March—
:.
Purpose,
Placed
&
4J/2%
43,150,000 Federal
Insurance
Mutual
Life
insurance
Co.
1959.
*2,000,000 May McEwen
of
for
Mutual
Canada,
Price,
1,
Richards
Certificates
$100).
(par
of
A-1945, dated June 15, 1944, due Jan. 15,
1945.
Furpose, refunding. Price, par. Offered by Everett
Smith, liscal agents, New York.
Torrey; E. W.
Clucas & Co.; Westheimer and Co.; Johnson, Lane,
Space
& Co., Inc.;
Starkweather & Co.; Schoellkopf, Hutton &
Pomeroy, Inc.; A. G. Edwards & Sons; Johnston, Lemon
& Co.; Berwyn T. Moore & Co., Inc.; Courts & Co.;
Hill,
97,998,000
209,464.000
Total
June
Noel
71,502,000
22,066,000
Penn
AND
States
Drackett
pansion, etc.
$ ;k
89,400,000
120,064,000
Insurance
Co.;
($15,000,000),
United
(The)
Inc.;
Notes
shares
Equitable Life Assur¬
Mutual
Life
Purpose,
loans
eight
due
Retired
January—
Certificates
15,000
Scmlcr,
per
tures,
1st
Insurance
the
Massachusetts
*$26,250,000 Aluminum
4,738,448,802
•INTRA-GOVERNMENT FINANCING
$
Sold
number
$1,715,833
&
(no
1,500,000
Issued
capital.
limited
a
stook
common
working
to
800,000 Aluminum Co. of America 25,000 shares of
OTHER
64,112,840,765 38,726,540,000 25,386,300,765
1944
Co.
Price,
$1).
(par
$10.50
$23,000,000
5,666,000
1,922,274,900
months—__
stock
B.)
$44,000,000 Federal
refunding.
Insurance
($6,000,000).
Total
Co.
Brothers.
\
;
157,500 (R.
Mellon
1,842,233,902
9,808,201,802
—
Life
and
fund
Total
&
Watling, Lerchen
purposes.
:'-:vy>.
First
210,493,000
Tax Antic'n Notes.
Straua
MISCELLANEOUS
New
Purpose,
The
int.
Life
Hancock
91
1
and
bonds,
Prudential
91
«
Co.
$1,558,333 National Airlines, Inc. 113,333 V3 shares of common stock
(par
$1).
Purpose, working capital, general corporate
Light & Coke Co. 1st & ref. mtge. 3%
due June 15,
1961^
Purpose, refunding.
Sold privately to Metropolitan Life Insurance
par.
1
Jun
&
$5,851,858
Gas
series
8
Jun
Bradford
purchasers.
i::;
according to maturity.
Offered by
Kidder, Peabody & Co.; Rauscher, Pierce & Co., Inc.;
Equitable Securities Corp.; Laurence M. Marks & Co. and
Stifel, Nicolaus & Co., Inc.
Jun
Jun
C.
additional
Price,' $108 per share.
and
Stuart
of
1974.
Offered
int.
Redpath
(interest
Purpose,
102.5496
to
Jun
-
J.
Reynolds
Trailer
preferred
Co.
Terminal
series
and
Terminal
&
ance
:
by
Co.;
Purpose,
by
*1,500,000 Fruehauf
O'Gara
Pacific
101.95
1945-1959
Price,
for
Alfred
bonds,
mtge.
Price,
Ry.
*20,000,000 Peoples
145,128,400
Total
par).
investment
W.
serially
750,630^555
750,630,555
•
Bonds.
Tax Antic'n Notes-
May
and
Pacific-Missouri
$3,000,000 Dallas
1,615,057,000
1
(no
2Va %
Offered
&
Co.
Farm Loan
199,437,000
1 ' Certifs.
Roney
privately
$39,760,000
193,269,000
May
maturity.
to
C.
Securities
*474,950 Dresser Manufacturing Co. 15.000 shareg of
Waggener.
200,836,000
1,206,012,000
May
Pennsylvania
Hano;
Auchincloss,
14,826,000
1,206,498.000
May,
Wm.
Co.,
14,969,000
91 day Treas. bills
91 day Treas. bills
91 day Treas. bills
May 11
May 18
May 29
&
Stix
&
PUBLIC UTILITIES
Total for April
May
-1
>
Co.;
Corp.; Kidder,
Peabody & Co.; Shields & Co.;
Pressprich & Co.; Harris, Hall & Co., Inc.; Lee
Higginson Corp.; Merrill Lynch, Pierce, Fenner & Beane;
738,544,634
14,969,000 '
&
Stroud
Boston
R.
738.544,634
of
&
refunding.
1,013,435,000
Apr
Apr
Starkweather
Brothers
Blodget, Inc.;
Hornblower
1,007,677,000
Apr
Mar 22
of
according
Orleans
day Treas. bills
Co.;
Stern
and
Co., Inc.; Otis & Co., Inc.; L. F. Rothschild & Co.;
&
Weeks;
Gregory & Son,
Inc.;
First of
Michigan Corp.; The Milwaukee Co.; The First Cleveland
Corp.; Walter Stokes & Co.; F. S. Yantis & Co., Inc.;
238,123,600
37,825,000
I
March
91
1
Co.
Newburger
for
6
Staats
R.
Boyce;
&
709,054,084
1
Apr
RR.
2.50%
,
709,054,084
Tax Antic'n Notes-
&
& Webster
purchase
238,123,600
BondsJ
William
Bros.
equipment trust
certificates, due annually June 15, 1945 to 1959. Purpose,
of equipment.
Priced to yield from 0.95%
to
1,000,649,000
Feb
Feb
Co.;
Stone
Inc.; Swiss American Corp.; Spencer Trask & Co.; Tucker,
Anthony & Co.; Union Securities Corp.; G. H. Walker
& Co.;
White, Weld & Co.;. Whiting, Weeks & Stubbs,
Inc.; The Wisconsin Co. and Dean Witter & Co.
1,002,953,000
Mar
&
Stein
Co.;
265
the
!
Capit l
65,0 0
7,30. 0 910, 0 1,489,328
S
9,71,328 2,b0, 0 69,8150 82,0 83
New
Total
Total
204,37159 592,601 85,09158 82,4967
-194 Refundi g 108, 742 5,3027956
13,9074 2 ,860 25,81372 362,05.746
$
9,6 76 5,940, 0
138,5 0 30,51 0 32,9412 201,42 4
Total
Refundi g 54,930 ~o6,4 2,692,570
61,85 70 28,45 0 14,765923 104,96 3
Total
s
123,570
s
—1943
1,5 4,328 2,0 ,0 4,217,0
23 6308
4,826,0
13,40159
1, 57, 0 19,23659 58,09 0 90, 10
51,"79oTl59
713,50
2307,50
902,950
5,302,950 6,80, 0 83,170
21,85374
327,50
1-,0 ,0
426,0
2,01 ,0
~
Capitl
New
650, 0
58,095.0 84,7150 38,650 T HIso 1,6 756 183.7,50 ireoi o
$
Refundi g 6,8 0, 0 78,9170 20,982 4 "327 560 I76 0,60 108, 742
90,16785 369,7410 59,27614 250, 0 520,1839
Capitl
728,020
12,37209
1, 57, 0 13,82079 51.235,0 7,584,0
29,04~285
386,0
1*8,0750 90,16785
9,0 ,0 14,90 2,80 , 0 67,50
43.~290.b6 15,0 0 123,0 '0,59 138,5 0
910, 0
$
—1941
75.086,7 2,01 0 10,38705 3,43,659
$
826,308
4, 0 , 0
910, 0
728,02
$
New
650, 0
75,086 7 1,360, 0
2,80 , 0 67,50
37,50 15,0 0 123,0
5 0. 0
Refundi g 49,35o76
120, 0 5,0 . 0 123,0
40 .0
s
$
—1942
3867 6
51.2350 5,798,0 17,6 076
2,01 ,0
123,570
5,940, 0
54,930
2,692,570
V,:
'
61,8570
79, 70 10, 0 15,39 3 2,675,0 18,0 0
125,8193 4,6150 50,94736 21,37456
Total
Refundig 67,2 57 9,35793 >1,750 18,0 . 0
95,812568 43,750 40,75349 180,4917
Total
$
5"70 , 0 3,247 30
$
Capitl
$
New
GFCOOVERRPENMIGNATT,,
12,49 25 10, 0 6,0 0 1,50 0
Refundi g 75,9250 208,7613 5,20
CONORGPREUAFWTPEI
120,37691 87,150 31,4508 238,916
84,0 48 83,025 0 8,471,20 175,068
$
$
Capitl
OSUMFARY
New
$
10,567 0 1,50 0 3,05,783 21,0 0
47,2890 1,450, 0 38,0 0 10, 0 238,0 0
97, 0
$
~
bSatneyds
10, 0
10, 0
40^7,430 10, 0
1,50 , 0 18,03493 47.2890 1,450, 0
65,3~493 10, .0 238,0 1,50,0 125,8193
10,53493 46,830 70 ,0 41,39 568
10,53493
238,0
95,812568
■
'
t}
**
T
Capitl
$
806,0 750, 0
New
Total
$
943,425
10, 0
12,49 25
Refundi g 36,04 0 23,0 0 8.902,50 13,0 0 30 ,0
New
10, 0
806,0 750, 0
1,50 0 7,50 0
6,0 ,0
10, 0
16,943~ 25 10, .0 '~T■T_ 1,50 0 29, 425
•
39,760 23,0 0 35,20 13,0 0 30,0 50,0 1,0 ,0 12,80
"" <■
5,8 1,85
1,75,83 7.567,91 39,760 23,0 0
"V:
2,761,908
2,761,908 36,04 0 23,0 0
■
\
:
81,24 50
$
—194
ACHANRDTE Capitl
36,7 283 4,125,0 2,982 08 63,48109
5,10 76,82 430
5,0 0 8,247 30 2,80,0 18,40 0
16,53493
85,27 5
$
■
3,247, 30
68,50
Refundig 46,830 70 ,0 37,856 7 23876
-1943
29, 425 1,40 10,9401 41,3 49
86,50 1750 ,0 6,07,691 26,50
Total
New
■'
YGFtovefhdrranmogmunilc.pylesUTFSFJIMOTSENUIHAAHIVNRERSD
FYFJOIMTNEFLAUAIUAOVHNCRRPRSDMGLN
T
Capitl 2,80,0 18,40 37,20 10, 0
New
-194
*
76,82430 0,62. 17,628 01 96,51 3
Capitl 68,50
—1943
:■
150, 0
$
21043,3,97015794
49,350 231,570 5,0 0 123,0 4,0 0
4,0 ,0 6, 92,570
!
s
9,71,328
New
250, 0
183,750 2,01,0 15,690 3,43,659
S
Capitl
7,307,0
2,0 ,0
2,0 ,0 3, 07, 0
$
-
-
4i;ro:5i 13,0 0 30.0C 50 ,0 0 2,715,83 120,37 691
——
1,64 08 13,0 0 30,0
84,0 48
'
$
3,720
V
3,089, 50
26,34750 "50 ,0 176 ,6 31,567 0
*•■.
1,75,83 4,805,783 3,720, 0
29,437 50 ~5o 76 2,715,83 36,7328
,1A
.
'
notes — notes u— - notes agencis&t ,Posein-. finuocbltadinese Notes- ; etc—— manufctrig heoltdcin.g, Notes- etc „ manufctrig— — —heoldtcin.g, etc— manufctrig— ^.4— heoldtcin.g, ,et— manufctrig
heoldtcin.g, _
OFJUNE
OFJUNE
DaCorp te- omestic— bLoonagn-ntdersdm Short-em Presftorcekd stock Candian- Lboonagn-tnderdms Short-em Presftorcekd stock foreign- Lboongan-tendrmds Short-emnPresftorjc,ekd stock corp—a,te GCoavnerndmiant forgeoveirgnmnt LGoaavnnd, •Municpal—Stes,Staes toal. fdignuoroest
BLoonagn-Tdesrm Railrods utile—s cscotopeall,,, Emqaunuipfcmtreenst anodi inadunstrdl beuildtncgs, ,—. trtIranvudessitmngn,, Miscelanous BShoaonrtn-dTedsm;Railrods utiles ccsootpeall,,, Eqmuaniupfmcterenst anoid inadunstdril •— beuildtcngs, trInavesdtmin.rgu,,Miscelanous Railrods utiles cscotopeall,,,Eqmuaniupfmcterenst anoid indausntrdl beuildtncgs1,, ShipngttIrrnavuedsstminng,,Miscelanous Railrods utiles. cscotopeaelrl,,,Eqmuanipufmctenst aenorid indausntrdl" bueildtncgs, —J1Shiip-ngttIrrnavuedsstminng,,Miscelanous sceocrupritate
MONTH
Com on
Com on Other
Com on
Grand
Total
Other Farm
United
MONTH
•These
Total
Public Iron, Mot rs Other Land, Rub er
Oil
Ship ng
Total
Public Iron, Mot rs Other Land, Rub er
Oil
Ship ng
Stocks-
Total
Public Iron, Motors Other Oil' Land, Rub er
Total-
Public Iron, Motors Other Land, Rub er
Oil
Total
Total
19,0 0 45,16 731
■5 914, 2630 124,8 1590
-,
157,0 0 50,86403 1,625,0
1,032461
•
"r
Total
1,825630
"
$
176,01 0 37, 30 216,5 0 6,250, 0 32,~47506 21,80 0 6,472,0 1,350, 0 15,80 914,2630 5,0 ,0 910, 0
~
13,0 0 19,0 0 79,4103 585,0 0 5,40~60 4,809352 1,40,0 1,0 ,0 37,83~659 169,8 321 18,01 0 417,693 10 217,40 6,250, 0 5,40,0 7,384 52 21,80 0 6,4720 1,40,0 1,0 ,0 1,350, 0 16,23659
10 I 0
;
-
8,0 ,0
67,5128 1,306,0 19,6712
7-
1,350, 0
'
'vJ• •'..
1,032461
14,25 107 102,7650
•.
1,0 0 1.859,02 58 ,0 4,094,0 25,642190 1,40,0 1,0 ,0 23,1 52 67,1 71
"
4,0
213Q,0,50O
7,0
4,0 0
7,0 ,0
.
.-v'•;/
•
6,037,827
37,54 0 97,08§395 5,415 74
18, 965 89,03 65 3,45,620
5,24196
92,47 25
17,258035 18,67253 1,i8,054,70 51,96 54 "'" ■ .
'
158,4796
'iH"; 6,037,827 6,0251
1:
-
:y'±
"-'vV.;:
29,5 790 54,130 15,0 0 2,53,20 9,21,875 1 ,569 8
Hi
7yiAMFTSMJEIFU3NYOUNAHICDVAD0PXRRLGS"'1'1;9493—4—1-—_240NCRTCRTNCNRaeaeoeofapfpufu■putwinnndwddlllg!gg*$i$J'S:$■^>•T-!.0368,0,77255,328.Q658•197.65483~t?J220L1v-/'i:n■"——.»I;7>■,ZTwHL•s_~1^42r875/156103283,,704396652499"C7-.''0;-_L:■;- 1,8-•IQ._.—:27164,0679289.35tFGENiaMPBUhSeoIdrnpvgaoudmctnlearbvisltnugwcfcfyskd.SJFTTFMEYU3UOIHHAVADI0XESD19-14—94230'CTNCRRRCNeeaeaoff-fpuupunntti?niw.dadwdlllgg"$gV0'^$$>v:■u:5I83662,87,,51059 'il_;:'u_*—rTL._47320146379"H,i5•*.=,5Q—-vv_„2—0H1122390764,50?3154,780,98565 .O I—22§",0,0'TL_;—~vu*_>i:■-'Z.I." "•350826317,44801,2,99465501H723'I—iVL\-Q—L'j.;._5016!,l:4132i"8—.-;790f^2451:6027123,38,74'93,50786695f
3,40284
4,0 0 10,9534
2,69 570
26,5 96 51.460,3 15,0 0 2,53 20 5,921875 10,4759
—
—
—
—
468,795
2,0 0 2,102,40 39,7 486
;
2,0 ,0 4 ,368 1
•.
—~" ■
'
21,465 73
'
".'y-
.
21,465 73
,
2,0 •0. 2,^02,40 18,3183 ;,468795 2,0 ,0 2,903 8
•
.
CONCIOSREPNFWUATE NRaTeepfuoiwntdtalgl
CFOOLRERIGAPN;VAMTE,T,
J31U91N■"04—E1.NRTeefounwtdaiCptlgl$$.156440,n,9o22t°e.3s6 7— 818, 5369A'0,21notes—2,0 :7Li_;—_.7.:/■>—>.: '1notes—.I^~-_H"77Li ; H-nLi:;—.-:,'v."n 269880,395,324't71;.7governmt.4,6a304cies&38.5t-,P1og2sQ7e9iOn 411,0!572346,089'372 ifbSnfuocrmtaaulonidciyenpsedlstyes J3'1_U9N047E N5$o>t'es—.3142,05,0953 94:8%7ecopt.r,manufces '--v157m5,a8•,n:06u8f■ct0r9i4g3" L26—. 0,-, _1htroealddticinng.g,,2794 1566392,8,1400 Nfotes<—•. '., 750 ecoptr,manufces— 2m,20a,n0uufct_rig; :throaelddtiicnngg.,, ecotpr, manufces— manufctrig s htorealdticn.g, ' 3152,0,09345 167 7eco.tpr, manufces— :—>.1295580,m1an64u2f7ctrig630. 5,,0 '—-— hteroaldtcin.g,3764Q,07 i62—988,s0e39c5u32rt4
12,750 30,79 <|52
,17429 10,3890 45,0 -0 1,905 8 274,98659
10,75 0 24,05 0 83,16 2 45,0 0 3,026,75 15,92801
R"Teofuvntdailg
CAGHRAORNUPDTINE
2,0 ,0
Capit l
6,740, 52
.7
New
SOUM FARY
v.-
94,028173 10,3890
8, 78,3
19,785
END Corpate— bonadnsd — boanndds stock. boanndds Istock-.; — corpate-,Governmt foreignLGooaavnndt,•SMuanicepasl,Staes toal fdignuoroest MENONDTHS LBonoagn-Tdersm Util:es— sctoeall,,Equipment aacensodri indausntrdl beuildtncgs, Shipng— tInrvuestsmn,Miscelanous BShooarnt-TdesmRailrods-.: utiles sctoeall,,Equipment aacesnordi inadunstrdl • beuildtcngs, : Itnrvuestsmn,Miscelanous utiles csoteall,,Equipment aacesnorid— inadunstrdl beuildtcngs, — tIrnvuesstmn,Miscelanous utile.—s csoteall,,Equipment aacesnorid inadunstrdl bueildtncgs, tInrvuesstmn,iMiscelanous corpate
MONTHS Domestic— Long-term Short-em PresftocrekdComstocokn Candi—' Long-term Short-em PrefredComstocokn Oforetighn—er,Long-termShort-em PrefredComstocokn,
Grand
Total
6
•These
Total
6
Railroads Public Iron,
Motors Other Land, Rub er
Farm
Oil
—
Public Iron, Motors Other Land, Rub er Ship ng
7;i_.nw'•'
Can dian Other
United
Oil
Total
Stocks-
Railrods
Total
Public Iron, Motors Other — Land, Rub er Ship ing
Oil
Total—
Total
Railrods
Public Iron, Mot rs Other Land, Rub er Ship ing
Oil
HlAljft,HJftlHtijOtoi- Hp
y,v
in our "General Corporation
Department" in the week when
under the company name
Redemption Calls and Sinking Fund
c';*
declared.
*
Notices
Common
5%
stocks called for redemption,
common
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.
*
Adams-Millis Corp.
OF TENDEB
Susquehanna BR. Corp.. 1st
Bush Terminal Co., 1st rntge. 4s, due
&
Pag®
rntge. 4s, due 1963-Ju y 18
115
———July 25
1952
Light & Power Co. of Bait.—
1st ref, mtge. bonds, ser, N, 3'/<»%, due 1971
Aug
"1st ref. mtge. bonds, ser. O, 3'A%, due 1968——___Aug
P 1st .ref. mtge. bonds, ser. P, 3%, due 1969—-——Aug
.1st ref. mtge. bonds, ser. Q, 2%%, due 1976
—Aug
Eastern Gas & Fuel Associates. 1st mtge. & collat. trust
:
-4%
bonds, series A. due 1956
———————July
Moore Drop Forging Co., class A stock
——-July
Paramount Motors Corp., capital stock——
Aug
Foli-New England Theatres, Inc.—
1st mortgage bonds, due 1958—
«*uly
St. Louis Public Service Co., 1st mtge. 5s, due 1959.—July
Consolidated Gas Electric
PARTIAL REDEMPTION
Company and Issue—
116
116
116
1
1
i
1
Corp.—
bonds dated 1934__
Corp., 1st & ref. mtge. 5%
Power
Arizona
20
24
l
$2677
20
20
-
Aug
Page
,
*2409
1
1965
due
}
2
1
3
+2627
——Aug
1
1st mtge. 4s, series A,
1962
due
+2631
bonds
—-Sep
5
1
series
.* v# ,5
1
Aug
E, due 1996
due 1950
Aug 1
Chicago & Western Indiana RR.—
"r\vX
1st & ref. mortgage 4'A % bonds, series D, due 1962_.Sep
1
Cincinnati Gas & Electric Co., 1st mtge. 3'As, due 1966.Aug
1
Leonard
Louisiana
Power
Louisville
Henderson
50c
30c
37'/2c
8- 1
7-20
Lowell
Bleachery,
8-
1
7-13
Lukens
Steel
8-
1
7-18
1
Maiden
7-15
7-14
10-16
10-14
Marquette Cement Mfg., 67r pfd. (quar.)
Massachusetts Power & Light Associates—
Electric
1
$2300
3
117
due
1958
Power
Co.,
1
118
Chain
Indiana
•
due
1958
1
lien
Central
America,
1st
refunding 6'/2% bonds due 1947
Kansas City Gas Co., 1st mtge. 5s, due 1946
Lukens Steel Co., 43A% debentures, due 1952
Mercantile
of
Properties,
'•
bonds
1
1
13
50
1
122
Rochester
!___+■—.——
1908—
Electric Corp.,
Gas &
6%
Safe Harbor Water Power Corp.,
St.
:
1
4'
pfd. stock, ser. D__Sep
1st mtge. 4'/2S due 1979Aug
-
/
'123
123
Joseph Ry., Light, Heat & Power Co.—
•1st
United Amusement Corp., Ltd.,
United
States
Leather
$2569
$2679
156
Sep 30
1
53
$2349
debs., due 1950-Aug
prior preference stock—
Co.,
1
1
1
1
1st 5s. ser. A. due 1956__Aug
United Printers & Publishers (Inc.), 6%
Willys-Overland Motors, Inc., 6%
51
53
1
due
of Calif., 3%
Oil Co.
pfd. stock (par $10)_Aug
ENTIRE
Date
1
.
Page
Pacific
Central
bonds
1954.
due
1
*
Cleveland
Sep
1
$2631
Chicago,
bonds due 1949—Jan
1
$2299
preferred stock
Burlington & Quincy RR.—
Illinois
Division mtge.
3'/2%
City Ice & Fuel Co., preferred
Dominion
Serial
Tar
Chemical
&
debentures,
Ltd.—
Extra
Aug
$2634
$2634
1
—Aug
1
preferred stock
Ltd., 7%
Wares,
Harvill
Corp.,
6%
Illinois
Power
$2195
9
$1863
___Aug 15
___
partic. preferred stock__Aug
1
1
Collins
Co.
___Oct
mtge. bonds, series A, due 1953
!____Oct
1st mtge. 5s, due 1949—-——Aug
City Lines, Inc., $3
National Container
conv.
Aug
1
1
secured bonds due 1963—Aug
Ref. mortgage 5%
1st
bonds, due 1947
B,
mortgage & ref. 5%
1st
i—Sep
1-
4%
1967^..Dec
due
Texas
Short
1st mtge. 6s
Pacific
1st mortgage 5Vis,
Telephone Co.,
&
Electric
Eisenlohr,
Dallas
preferred
River
Detroit
we
$2528
Line
1st
1
$2237
4s
...
—
Ltd.
7-25
1
7-15
8- 8
Newberry
1
7-31
8-
9-29
1
(quar.i
(s-a)
Shoe
Class
A
$2
preferred
Donnacona
7-
7-15
1-
7-14
7-15
7-25
8-15
'
25c
8-15
7-25
$1.06'A
$2.50
$1
9-30
9-
9- 9
8-11
7-15
7-15
7-7
7-11
Fair
&
Rich's,
1
7-17
7-i5
7-5
8-
1
7-20
10-31
1st 4s,
Bldg.,
Inc., 7%
Terminal
Fairbanks
Co., 6%
(J. J.),
7%
7-22
Saratoga
8-
1
7-22
Secord
Sharp
7-15
6-30
Sovereign
7-15
7-11
7-15
7-11
Springfield Gas Light
8-1
7-25
Sterling,
7-31
7-21
Stuart
7-15
7-
$1.75
8-
Boston
First
Fitchburg
Franklin
ser.
A,
due
Fuller
Co.
AA
in
this
issue,
tin
are
we
1
Aug
1
6-23
i:
8-15
1st
75c
7-15
7-
5
United
20c
7-25
7-18
Victoria
15c
8-
1
7-20
Walker
60c
8-
1
7-20
$2
8-
Works,
(monthly)
80c.pfd.
(quar.)
Corp.,
common
v.t.c.__
Company
25c
8-15
53
Globe
Republic
25c
8-
1
7-20
$3
9-
1
8-25
30c
9-
1
8-20
Insurance
(s-a)
Grace
National Bank
157
Great
Eastern Fire Insurance
$2348
Great
Lakes
159.
Gulf
iM.
Hires
In the
second table in
(quar.)
Company
Hormel
6f/b
(Dallas,
Inc.
6V>
pfd.
Hub
Stores
Loan,
5Vc
Corp.
(quar.)—
;
Westmore,
ord of past
many cases are given
common
(quar.).
(quar.)__
(accum.)
(quar.)
:
Insurance
(s-a)_
8-
1
8-25
7-20
"
k 8-1
7-20
8-
1
7-20
8-1
7-21
2-2-45
l-20r
8-
1
7-18
25c
7-14
7-10
$6
7-17
7-14
;
9-15
8-11
9-15
8-11
$1
7-31
7-22
7-15
30c
8-
1
lOc
8-
1
7-15
37'/2c
8-
1
7-20
37'/2c
8-
1
7-20
40c
____
9-
1
8-10
25c
8-
9
7-24
Department Stores—
6%
convertible
6V"
special
Woolworth
preferred
W.)
(quar.)
(accumlated)___2__
preferred
(F.
American
Co.
(quar.)
Machine
Co.___
Below
we
give the diyjdends announced in previoui
8-15
1
>'
;
7-
weeks and not yet paid.
8
7-14
30c
7-31
7-15
9-
1
8-15
60c
8-
1
7-15
25c
8+
1
8-15
and
Miscellaneous
7-24
7-15
week, these being given in
the
7-29
1
The list does not include divi¬
this
preceding table
7-29
8-15
announced
7-17
50c
dends
6-30
$1.50
7'/2c
<
8-
Industrial
Companies
Per
Name of Company
21'Ac
(initial)
preferred
9-
$1.50
:__L———2
(quar.)_
preferred
of
(s-a)
r
50c "
7-22
>
7-10
30c
;
9-15
8
45c
(quar.)__!
York
7-15
$1.06'/4
_
•
(initial)
Co.
9-
25c
(quar.)_
9-15
(quar.)
Extra
Yates
,
(initial quar.)—
6%
House
-
,
25c
Texas)
Co.,
(Joseph)
Howard
*
(irregular)—
(George A.)- Co.,
preferred
(s-a).
,_j_
A.), $4.25 pfd.
Electric
(Charles E.)
Horder's,
:
(N. Y.)
Engineering Works—
Insurance Co.
Hecht
(s-a)
8-15
1
t$l
8-15
&
8-15
1
t25c
T
1
preferred
Western
1
8-
Gooderham & Worts, Ltd.—
(ouar.).
9-
1
7
7-24
20c
f
50c
8-
7-
$5
(quar.)
$1
8-19*
1
9-
58'/3C
(s-a)
Westchester Fire
r
c.„
8-
9-
41%c
• •*
7-31
t.
v,
Corp.
7-31
7-15
9
35c
Distributors
Bondholders
(H.)
7-20
8-21
9-
7-18
7-20
~
$5
Lamo
Common
1
50c
Semi-annual
Shirt
1
1
8-
$20c
(monthly)...
Tung-Sol
88-
$25c
preferred
7
7-10
••
(quar.)
7Vc
7-
VI-:
37'/2c
(accum.)
Troy & Bennington RR.
7-15
7-26
7-20
40c
(monthly)
63c
1
8-
45c
Class B
preferred
7-22
7-
1
9-
87'/2c
(quar.)
'
5%■ pfd.
Co..
7-15
$20c
(quar.)______
6%
7-31
...
preferred
Edison
Toledo
7t31
1
preferred
___
.
7-31
'
Cement,
Telephone Bond & Share—
7%
7-20
7-21*
$2.50
.
Ltd.—
Oil,
Portland
$1.20
(irregular)
53
-
7-31
1
(quar.)
preferred
$1.50
A.)
iMass.)
Gilchrist
Aug 23
1
7-
10c
(Boston)
New
LAug
9-
________
Webster & Atlas Nat'l Bank
124
•
$$1.50
Inc
7-18
1
1
8- 5
8-15
7-20
35c
7-31
$2679
Sep
1
$1.50
A
7-15
Home
9-
(D.
pfd.
conv.
1
we
dividend payments in
$1.12%
Inc.,
A partic.
Participating
7-18
8-15
$2
(quar.)
7-18
•
\ 7-31
$3.50
8-15
1
a
7-31
$1
(quar.)
pfd.
8-
(quar.)___
Investors,
Superior
7-12
$1.-
Dohme,
40c
25c
bonds—Oct
follow with
(Phila.t
7-15
8-15
9- 1
15c
(s-a)__
General Shoe Corp.
(quar.)..
Gibraltar Fire & Marine Insurance—!
Aug
grouped in two separate tables.
Then
7-17
(quar.)
class A
Building,
Volume
7-20
(quar.)
Metals
preferred stock
1
:
—
(irregular)
Brush,
General
1960
8-
Gas & Electric Light—
Garfield
1st mtge. 5s_.
7-28
&
Class
7-20
$1.75
(irregular)
Railway Supply
7
1
8-11
50c
(quar.)—___
Rubber, 4V2V0
Corp.
$2679
series A, due 1964
Md.
Trust
i
$1.50
——
8-1
—___
Spencer Kellogg & Sons—
—
(quar.)
1
Sierra Pacific Power, common^
8-18
$2.50
.1
(accum.)
(quar.
of
Co.
1
$2124
of
(quar.)
8-
(irregular)
Company
pieferred
7-25'
1
$15c
$$1.50
25c
(quar.)
8-15
*
—
Shops
$2
10c
Instrument
preferred
Candy
8-15
6Ve
7-25
8-15
37'/2c
RR._—
1
:
pfd.
(Laura)
8-15
'
8-
Stockyards (quar.)
Schenectady
&
35c.
35c
$$1.37'/2
9-11
;
preferred
Deposit
&
Paul Union
9-
1
5 .10-16,
13c
(quar.)_
$1.75
(quar.)_
A
(s-a)
&
1
RR.
pfd.
Corp.!
Co., 7Vc
St.
2
8-
10-16
11- I
50c
37'/2c
25c
(quar.)__
Camera
9
10-
11-1
7-20,
7-20
7-19
75c
Light & Power___
Rolland Paper Co., Ltd., common (quar.)
6% preferred (quar,)—_______
Rose's, Inc., 5c, 10c and 25c Stores (quar.)
Royal Bank of Canada (quar.)
St. Johns Dry Dock & Shipbuilding—
12'/2c
7-31
15c,
Corp.—,
preferred
8- 1
15c
Rockland
5'/2%
1
5c
,
1
1
8-
75c
(quar.)
Rochester Transit
10-10
8-
20c
Inc.
7-
8-
25c
6-22
$4
(quar.)_______
Hampton Electric
(The)
Fairchild
8-15
7-17
7-17
7-21
7-11
7-11
7-25*
8-25
8- 4'
6-20
7-20
9-15
8-15
(quar.)
12-15
8-1
1
8- 1
50c
common
1
1
8-
preferred (quar.)__+____
$1.25
Transport Co., Ltd. (s-a$20c
Ramsey Accessories Mfg., 6% conv. pfd. (s-a)
60c
Raymond Concrete Pile, common (quar.)
25c
8-15
8-
7-19
1
5%
1-2-45
9-15
12-15
8-i5,
7-29
8-
1
8-10
Provincial
$1.50
7%
(quar.)
9-15
2
10-
$1.50
$1.75
—_
Co..
8- 4
9- 1
40c
(quar.)__
Gamble
9- 1
50c
1 accum. t
2
l6-
1-2-45
$1.12'/2
...
50c
$3 preferred (quar.)
Republic Investors Fund, common
6Vc preferred A (quar.)_
6% preferred B (quar.)__+.+_^___________
Reynolds: (R. J.) TobaccosCommon
(quar. interim)
1
i_l__
Class B (quar. Interim)——
9-
(quar.).
&
preferred
9- 8
7-. 3
7-11
7-20
8-17
8-
.
Extra
9-15
(quar.).:
Electric
L
:
5
6Vc
preferred
Procter
K 7-; v
7-15
1
Exeter
7V"
6-30
7-20
"
7- 8
7-14
$2.25
Co
Edison,
8-15
$1.50
8-
Potomac
5:
+6-20
$1.75
Pig'n Wistle Co'rp., $1.20 preferred
1
7-15
7- 1
40c
(Brooklyn) (s-a)
(irregular)
Pierce
Governor
8- 4
8- 1
Valley RR.
7-19
Shakespeare
Township Telephone
'
:
8-10
9-
Buffet
& Bureau
Peoria
8-4
30c
Peoples National Bank
5
7-1!*
<
(quar.)___
7-26
9-
Eppens, Smith Co.
(quar.)
(liquidating)
Co.
Gas
6-26
87'/2c
75c
$50
25c
$1
(quar.)
8-25
$25c
preferred B
preferred
Lighting Corp.
7-1
10- 2
10- 2
,
$1.25
preferred (quar.)___
Pacific Greyhound Lines—
7-10
12'/2c
:
5Vr
7-20
$25c
A, due 1945-Aug
ser.
(quar.)
Paper___________
L*,
±
Light Heat & Power, com. (quar.)__
5Vr
preferred (quar.)—+._!
Pacific Finance Corp. of Calif.—
Wax
Ottawa
50c
Inc.
(quar.)
convertible
7-10
7-21!
7-11
8-24
8-26
7-26
6-29
25c
$25c
$$1.75
10c
75c
$15c
$$1.25
(quar.)
common
7-10
7-10
7-15
8- 1
7-15
9- 9
10- 2
9- 1
7- 1
$3.50
$1
gtd. (s-a)_
(quar.)—
(quar.)____
Park-Wilshire Co., v. t, c.
(resumed)
6%
preferred
'
Ohio Loan & Discount
Ltd.—
(Del.),
Insurance
8-15
7-15
7-15
-75c
-
.—..-l.
preferred
Pacific
8-
9- 1
35c
35c
common..
r—
7-20
(resumed)
Bradstreet,
c.__
8-18
B
Paso
t.
v.
Pennsylvania
$50c
37'/2c
common
El
:
jl
Co
1
9-
25c
62'/2c
Eastern
(quar.)_.
+1
____!
8-1
A
&
Air Brake
Ogilvie Flour Mills,
8-11
Class
Dun
York
preferred
common
(quar.)
Phelps-Dodge Corp.
Phillips Petroleum Co. (quar.)--,.
Photo Engrayers Si Electrotypers, Ltd.—
Irregular
——
Paper Co.,
Co.,
preferred
7-21
—
Inc.,
(J. J.), 5%
Process
(extra)-
7-21
common
Industries,
(quar.)____
Machine
7-31
(quar.)„
Domestic
Welding
7-31
$1.75
$1.75
$1.62V2
$1.62'/a
:
Corp
Co.,
Cup
Electric
North Boston Lighting Properties,
9-14
9-
35c
35c
l'/2c
$1.25
50c
$1.75
6-15
7-24
7-257-18
10-18
7-22
8-16
7-20
7-20
50c
(Cleveland)
Quarterly
7Vc
8- 1
25c
10c
$3c
(quar.)—
Tunnel
show the dividends previously announced, but
which have not vet been paid.
Further details and rec¬
which
8-10
8-15
40c payment.
Class
bring together all the dividends announced the
week.
7-21-
■
7-15
6-30
8- 1
8- 1
8- 1
11- 1
8-.1
9- 1
8- 1
8- 1
{$1.25
(quar.)
$5
$1.25
25c
37'/2c
(quar.)
Home Insurance Co. of New
Dividends
7-31
7-31
National
New
^
7-15
7-15
7-15
7-15
8-15
$1.75
;i
of Nova Scotia
City Bank
7-26
.
$2528
DIVIDENDS
first
8-15
National
7-12'
Reported incorrectly in our last issue as a
Diamond
Haverhill
current
River
7-18
1
$1.50
(quar.)
preferred (quar.)
& Light, $6 preferred
Hanna
»
Philadelphia Trust
North
75c Y
(quar.)^
Manufacturing
9
60c
—_
Power
Increased
♦Announcement
North
(quar.)
common
Oct
Pacific-Missouri
Utica Gas
7-15
'
—
Press,
Fresnillo
Through
Ry;
Temple University-Greatheart Society, Inc., 6%
Webster
7-15
Nashua
7%
7-20
Inc.—
preferred
(quar.)
Mortgage Corp.
7-18
8-
50c
25c
(quar.)—
com.
________
Co.
Co.
Firestone Tire &
,
1954
Orleans,
Co.,
&^5eal Co.,
Cork
Cuneo
51
A,
bonds, ser. A, due 1951.Aug 15
Temple University, 1st lien & ref. 6s
:
1
8-1
(quar.)
Telephone Co.—
Extra
Co.—
Southwest Telephone Co.,
Texas
8-
(quar.)
North Carolina RR., 7%
——
——
Fidelity-Philadelphia
ser.
Aug 15
Pacific
$2
'
50c
(quar.)
participating preferred (quar.)
participating preferred (quar.).
6V*Vo preferred
(quar.)
6'/2 Vc preferred (quar.)
Fidelity
"
bonds,
—
Pacific
7-24
—
7V"
51
31
gold bonds—Central Pacific stock coll. due 1949__Dec
Central
1
preferred
Continental
Felin
' "
f
.
mtge. & collat. trust 4%
Southern
*
1 j-:. $2678
bonds, series B, due 1961—_Dec 31
'
& collat. trust serial VkVo
1944
due
$2675
1963—.Aug 15
due
mortgage & ref. 5%- bonds, series A, due
1st mtge.
v
1
Sep
1st mtge. 4s, series
Co., preferred stock—
Simpsons, Ltd.—
8-
Los Angeles
(quar.)—
Electric
Exchange
Scranton-Spring Brook Water Service Co.—
1st
1
$1447
$2637
$2234
$1766
$2308
'A-'
Coke Co.—
Peoples Gas Light &
Providence Gas Co.,
1
1
debs., due 1952_Oct
preference stock-
Corp. 15-year 5V2 %
Pennsylvania Co., 4%
Rochester Button
Common
7-12
Class
preferred stock
Lexington Ry.,
National
7-15
1
7-27
\ .*
'
Calculating Machine—
preferred
$3.50
—_—
(quar.)
Carbon
Columbian
Co.—
1st & ref.
7-15
1
—
...
—
.
preferred'
$4.25
Dixie
A„
8%
Duplan Corp.,
$2633
series
Ltd.
Bottling of
Colgate-Palmolive-Peet
$2516
debentures, series A—
15-year 4'/2%
General Steel
Co.,
3'/2%,
1
___.—.Sep
1
8-
7%
8-
62'/2c
$15
Co.—
Utensil
Breweries,
Coast
IVc
debentures, due 1953_July 21
stock—
Consolidated Textile Co., Inc., 5%
8-
Monroe
7
Louis Ry.—
.
Tractor
Coca-Cola
;
& 4%
9-
participating
7-27
8-
$1.62'/2
50c
•
Aluminum
4V2V0
Century Ribbon Mills, Inc., 7%
7-
$1.62V2
(quar.)
(s-a)
Crown
.Oct
;
6-26
7-15
$3
Ohio
preferred (quar.)
Cleveland Quarries
$2513
$2513
3
1st mtge. 4Vo
Ry. Through Short Line,
6-30
40c
7%
Alleghany Corp.—
20-year collateral trust convertible 5% bonds due 1949_Aug 9
20-yr. collateral trust convertible 5% bonds due 1950_Aug
9
Artloom Corp., 7%
preferred stock—
1—Sep M
„
Moody's Investors Service,
7-18
Corp.—
5%
6%
'
—
City of New York Insurance
Cleveland Cine. Chicago & St.
CALLED
ISSUES
Company and Issue—
._
__
(quar.)—
preferred
Concord
•
7-31
Cincinnati Postal Terminal—
Club
1947
—
—Aug
debentures, due 1959———Aug
Union Terminal Co.* 1st mtge. 3%s due 1967
Aug
4Vis,
mortgage
Union
Chicago
Common
Aug
(quar.)
Wilmington & Franklin Coal
Yellow Cab Co. (quar.)—:
Chicago
6V2Vo
1963
due
7-22
1
1943.
and
8- 1
8- 1
8- 1
8-
New
Chicago Great Western Ry.—
5Vo
preferred (accumulated)
—
Chicago & Northwestern Ry., pfd. (special).
Representing dividends due for 1941, 1942
Inc.—
bonds,
dated
118
$2304
$2417
13
Aug
Philadelphia Elec. Pwr. Co., 1st mtge. 5'/2S, due 1972—Aug
Philadelphia Rapid Transit Co., 5%
collateral trust
4 V2 Vo
Secured
-
2304
July 31
& '
'
Aug 1
Aug 1
Aug 1
—2—
■„
Rys.
$2520
1st mtge. 5s, ser. A,
Hydro-Electric Power Co.
International
preferred
$6.50
5
general mortgage bonds, due 1957.
Aug
Houston Oil Co. of Texas, 4'A%. debentures, due 1954__Aug
5%
$1.50
$1.50
$1
8-15
Service—
Investment
Store
8-1
H
8-1
8- 1
1
(irreg.)
Co.
Aircraft
Cessna
Ltd.—
Lakes
$1.75
$1.50
$1.50
43c
(s-a)
—
$6 preferred
(quar.)
Century Shares Trust
8- 1
' 20c
$1.75
.
(quar.)
Aug
8-15
8- 1
$1.25
1
7-17
Investment Fund—
Vermont Public
common
30c
$1.50
——
Inc., 5Vo
preferred
15c
(quar.)__—50c
Cd»?A(quar.)
Corp.,
preferred
8-21
8- 1
7-10
7-15
7- 6
8" 1
7-21
7-21;
7-15
8-
7-17
6-30
7-15
7-27
8-1
(quar.i__
_____
Merchants & Mfrs. Insurance'(New York)—
7-17
1
7- 1
8- 17-15
25c
9-
1
7- 8
-7-17
$1.50
(quar.)
Semi-annually
Michigan Gas & Electric Co.—
7% prior lien (quar.)
11
$6 prior lien (quar.).
$6 preferred
(accumulated)-^
67< preferred (accumulated)
Mine Hill & Schuylkill Haven RR. (s-a)
8-
7-15
7-14
(quar.)
preferred
$5c
$5c
—
Ordinary shares (quar.)— _.
——
Special shares
—i—
Central National Bank of Cleveland..
Central Power & Light, 6%
pfd. (quar.).—
7%
7-8
Shoe
Co.
$$1.25
(s-a)_
(irreg.)—
preferred (quar.)
Corp.
Canada Starch Co., Ltd., 7% preferred
Canadian Bakeries, Ltd.—
6
7t25
7-14
8-
8- 1
30c
A
—
75c
$$1.75
15c
$1
20c
•
20c
$1.25
10c
$$3.50
N. Y.)
preferred
8-15
.
8-11
$1.50
f
(s-a)
—
75c
$1.50
16c
Callite-Tungsten
participating
5Vc
$1.75
Company
5%
Meier & Frank
Melville
6-20
$62'/2c
—
Light Co
—
<N. Y.) (quar.)
Gas
Brockton
7-24
6-30
6-30
25c
(quar.)_
——-—
Ltd., preferred (quar.)_
Blue Ridge Corp., $3 convertible preferred
Cash or l/32nd share of common stock—
Booth Fisheries, $6 preferred (quar.)
Bremner-Norris Realty Investment
1
7-10
8-
8-15
7-20
$1.05
preferred
—
6Vc
Marble,
75c
Corp.,
Fund, Inc. (quar.)—
Boulevard Bank (Forest Hills,
McNeel
Electric
McGraw
$2.50
75c
/
;•''
(accumulated)
40c
preferred
Ribbon
6-15
8-31
7.
62'/2c
5c
37'/2c
(quar.)
common
—Aug
debentures
3'/2 %
Co.,
1
9-30
30c
$25c
Canada
of
Breweries
1
8-
8-15
i'; 8- 1
$1.50
(quar.)„
Louis Ry.—
Inc.
—
preferred
7-20
9- 1
7-31
25c
St.
&
Co._—
Electric
7-15
8-25
"
15c
Light, $6 pfd.
&
.
$1.50
Tailors
Custom
non-cumulative
$2
(Indianapolis)—
Insurance
States
(quar.)—
Atlantic Rayon, $2.50 prior preferred (quar.)
Bartgis Brothers, common
6% convertible preferred
(quar.)
Best & Company (quar.)
Beverly Gas & Electric (irregular)
Blue
8-
$1.50
Quarterly
Aug
Co.,
Auto-Lite
(Chicago)
Co.
American Nat'l Bank & Trust
8
5Vo
30c
$1.50
(quar.)
American Stove Co.
1
' 7-20
9-12
8-15
Lyon Metal Products, 6V0 partic. pfd. (quar.)
7-18
American Equitable Assurance Co. of N. Y.—
L;: Semi-annually
—
—
American Light & Traction, common (quar.) '
6%
preferred (quar.)
Central
bonds, series E, due 1969—
2'/«% debentures due 1950
Froedert Grain & Malting Co:, Inc.—
Great
$2300
Union Terminal Co.—
mortgage 3%%
1st
25c
$1
(quar.—__^
7-
Canadian
Chicago Daily News, Inc., 3%% debentures
Electric
Co.
7-29
$1968
1
Sep
Ribbon Mills, Inc., 7% preferred stock
Chesapeake & Ohio Ry., ref. & imp. mtge. 3!/2S,
Cincinnati
S.)
Lafayette National Bank (Brooklyn)
Extra
July 20
Century
V
10-
(S.
25c
8- 1
8- 1
9- 1
8-1
■
7-20
Bullock's,
—
-
Kresge
'
(s-a)
7-10
Buda
Central Illinois Electric
i
7-31
Y.)
8-31
Bronxvllle Trust Co.
Sep 1
—-Aug 11
—-
debentures due 1955
& Gas Co.—
3V2V0 serial debentures, due 1945
Central New York Power Corp. gen. mtge. 3%%
Corp., 3%%
Celotex
1
(N.
2
Boston
Aug
1955
$4.25 preferred stock
Creamery Co.,
Beatrice
+2298
Au£
1st mtge. 4s, ser. B, due
Carolina, Clinchfield & Ohio Ry.,
9-
1
$1.50
10c
$1.25
(quar.)
common
<quar.)_
Insurance
8-
$7
«
-
+OOOQ
bonds, due 1950.
Armour & Co. of Del.
Knickerbocker
7-25
Associated
—July 31
& 4Va%
trust 6%
Collateral
7-21
10c
50c
50c
Co.
S.)
(A.
American
American Utilities Service
-
Mills,
Knitting
rreferred
5Vp
8-1
9-12
7-20
10- 2
8- 1
$1.25
,
(quar.)40c
common
9-21
7-20
8-19
9-30
8- 1
9-11
20c
(quar.)
—
Ltd., common..
Quarterly
Date
•
4'/2% debentures due 1951
Allied Stores Corp.,
«
Jantzen
of Re0
t
(quar.)_+_—_—
A
Corp.,
preferred
;
+50c
$$1.75
Birtman
1
preferred
683/4C
15c
(quar,).
—
(quar.)—;
(quar.)
American Coal Co. of Alleghany County—
Company and Issue—
Buf.
Payable
25c
—
Bolder
When
Per
thare
—
Agnew Surpass Shoe Stores,
7%
preferred (quar.)
Alberene Stone of Va
Aloe
NOTICES
■'
Name of Company
those
including
preferred
(quar.)
Interchemical
6Vo
'■
and
preferred
5V2V0
Hussman-Ligonier,
Indianapolis Water/ class A
Industrial and Miscellaneous Companies
bonds, notes,
•'••',
rName of Company
1944
When Bolder*
Payable of Rec,
Per
thare
_
f.r,
•
announced this week are:
The dividends
found a list of corporate
Below will be
Investment News
and
Monday, July 17
FINANCIAL CHRONICLE
THE COMMERCIAL &
268
9-
1
8-10
Abraham
12%c
7-20
7-10
Alabama
Straus.
Mills
Inc
.'
When
Bolder$
thare
Payable
of Ree.
$1 95
7-^5
7-15
20c
7-29
6-21
^Volume 160
THE COMMERCIAL & FINANCIAL CHRONICLE
-Number 4299
Per
Power,
preferred
$5
When
thare
1Same of Company
Alabama
Allegheny & Western Ry., Co., gtd.
Holaert
Payable
Per
of Rec.
■."•V $1.25
8-1
1-2-45
Name of Company
7-14
$3
(quar.)
12-20
(s-a)—
Connecticut
6 %
Allentown-Bethlehem Gas Co.—
preferred
87%C
.
8-10
7-31
25C
(quar.)
7-20
6-30
Allied Stores Corp., common (quar.)
Alpha Portland Cement
Aluminum
Co.
Aluminum
Goods
of
Mfg.,
25c
conv.
Amalgamated Sugar,
preferred
Amerada
5%
American
Petroleum Corp.
Can Co. (quar.)
American
Cities Power &
$3
:a'z
j*
class
conv.
of
A
(accum.)
.-
9-
1
8-
1
7-
5
10-
2
9-15*
9-
1
8-15
Consumers
Gas
8-
1
7-17
Container
Corp.
7-31
7-15
8-15
7-20*
12 %C
(quar.)_
(quar.)
div. series of 1928
class B stock or cash
8-
$1.75
7-10
1
75c
9-
1
8-25
$1.75
12-
1
11-25
(monthly).
20c
8-
1
common....
50c
8-31
$1.75
7-31
Corp.
37J/2d
8-15
1
5%
$5
preferred
(quar.)___
Consolidated Vultee
$1.25
_
7-14*
8-
>
$1.25
Aircraft
convertible
Corp.,
7-14
1
8-
8-
1
8-18
30c
9-15
8-31
25c
8-21
8-
60c
8-
(55c
$3.50
7-25
8- 1
7-17
6-23*
Drug Co., 7%
433/4c
8-15
8-
$5 preferred (quar.)___
Institutional Securities, Ltd.—
$1.25
9- 1
8-14
10c
8-25
8-15
11-25
11-15
V
Crown-Zellerbach
$5
conv.
Culver
&
pfd.
conv.
(quar.)
9-
\
(quar.)
RR.
5
'
7-21
1
7•
7
;
Smelting & Refining,
first preferred (quar.)
7%
American
Viscose Corp.^ common
Anchor
Post
Pence,
6%
7
(quar.)
7-20
1
7-20
8-
1
7-14
7-24
7-14
$1.50
_
1
8-
25C
prior pfd.
8-
$1.25
Cable_____
&
7.
50c
preferred (quar.)
American Zinc, Lead & Smelting—
$5 prior preferred (accum.)
Wire
A
4
$1.25
(quar.)—
5%
Anaconda
8-
8-1
7-22
(semi-annual)
Class A
tl5c
Goods
Corp.,
preferred
preferred
5
5%
preferred
Gas
5%
preferred class B
Ault &
Babcock
&
Baldwin
Rubber
Baltimore
8-
1
8-
1
' ,7\'
'■■■;
12-
1
7%
7%
preferred
preferred
(quar.)
7
Kaufmann
9
7-
7
7-20
♦
7-31
8-15
10%
5%
7-31
7-10
1
7-28
Dominion
7-29
7-15
(quar.)—
$$1.75
10-
2
8-31
Dominion Tar &
$$1
10-
2
8-31
Best
Foods,
Biddeford
&
Ami
Class
50c
7-28
7-
$1
7-20
7-10
221/2 c
7-25
7-15
$1
7-31
7-15
7-31
Inc
Water
Saco
Bloomingdale
Bon
pfd.
Brothers,
(quar.)
Inc
i
Company, class A (quar.)
B
7
Personal
British
6%
first
(A.
1st
$1.50
2nd
(quar.)
Trust
pfd.
Mills,
7-15
Eastern
7-31
7-17
Kokomo
1
8- 1
7-15
7-15
Koppitz-Melchers, Inc.
Kroger Grocery & Baking,
8-
7-10
Electric
Bond
6-30
California
Electric
Power,
California-Oregon
Power,
Canada
Southern
Railway
Canadian
7%
of Commerce
Bank
(Toronto)
—
Canadian
$3.40
8-
1
7-10
$$1.50
8-
1
7-10
5%
Bronze, Ltd.,
preferred
Canadian
B
(quar.).—
common
preferred
7-31
Fansteel
6-20
8- 1
6-24
8- 1
6-30
Federal Insurance Co.
10-
2
8-15
Federated
8-
1
7-10
4%%
7-10
Federated
Corp.
5%
preferred
Central
Cold
6-30
6-30
Central
Hudson
Gas
Belt
$1.50
Electric
Chilton
6-30
7-20
7-6
7-20
7-
6
7-90
7-10
8-10. *
7-28
7-17
7- 3
1
7-12
8- 1
7-12
40c
9-16
9-
12c.
8-
25c
:
;
10c
8-
12 %C
Corp.,
com..
1
6-30
1
SI
7-21
7-
5
7-21
7-
5
$1.25
8- 1
7-10
$1.75
9- 1
10c
9-15
common
5%
pfd. (quar.)..
preferred
—
— —
9-
1
75c
8-
1
7-15
25c
Copper
preferred
8-25
8-10
37'/2c
9-30
9-20
37 Vic
12-30
12-20
Corp
$1.50 pfd.
1
25c
:
7-
10-14
20c
(quar.)i
(quar.)
Company
8-
70c
(s-a)
Y.)
(N.
Oil
Cotton
(s-a)
(s-a)
Bank
National
Chickasha
1
9-20
8-1
$1.25
Co
Chain Store Products,
Chase
8-
$$1
(quar.)
(resumed)
Pasco
de
7-5
8-15
25C
Century Ribbon Mills, 7%
Cerro
8-1
$$1
Ltd., Class A—
(quar.)
Corp.,
Central New York Power
Chain
1
10-2
2%
.
Extra'" w-—
Common
8-
$$2
$10c
(quar.)
Co.
&
1
25c
Investment
Central
9-
$25c
■
(quar.)
Storage
6-20
8-21
7-31
(irregular)
America
common
1.
2
7-31
_™__™
of
10-
$$1.25
(quar.)
Carolina Clinchfield & Ohio Ry. Co.
Castle (A. M.) & Co. (quar.)
Corp.,
8-
7t31
;
$7j5c
8-11
7*
9-14
8-
1
Cincinnati New Orleans & Texas Pacific Ry.-—
$V/4
Utilities
(irregular)
6%% preferred
City National Bank & Trust Co.
—
1
11-15
Corp., 7%
25c
9-
8-
8-
1*
1
1
,7-20
Gas
&
7-20
$1.75
7-15
7-
1
7-20
25c
7-10
1
11- 2
12-
10- 1
9-30
12-30
12-15
Works
7-31
10- 2
6%
Tire
&
6-30
7-31
6% %
&
Southern
preferred
—
Ford Motor Co.
7-31;
$1.25
$1.5C
8- 1
25c
$1.18%
7-25
7-25
7-15
37'/2c
7-20
7-
12c
(quar.)
Co
—
of Canada, Class A
Pitt
'
-
'Concord
Gas
(N.
Fraser
Companies Ltd.
Froedtert
Grain
&
Gardner-Denver
$3
Malting
Co.,
—
20c
(quar.)
Baking Co., common
preferred (quar.)
8%
General Cable
Foods.
General
Investors
pfd.
7%
Co.
General
—
pfd. (accum.)
Trust
(Boston,
General
Mills,
General
Motors Corp.,
Iqc.
(quar.)
Mass.)
$5 preferred
General Paint Corp.
$6
preferred
7-20
8-15
7-20
8-15
8- 1
Steel
General
Common
Gillette
$5
$6
preferred
&
Class
(quar.)
(quar.)
Brothers,
Marshall
7- 5
Masonite
7-25
7-24
7-24
7-13
$1.75
$1.75
10- 2
1-2-45
25c
9-20
preferred (quar.)__
preferred (quar.)
common
Harbison-Walker Refractories Co.—
6%
7%
Harvill
Hat
Electric
(quar.)
Corp.,
Light (quar.)
5'/2% pfd.
6%
6V2 %
B
_
(quar.)_—
preferred
Corp. of America,
class A
(irregular)
__
(irregular)
preferred
7-20
$1.50
preferred
(quar.)
$1.75 .10-16
10c
7-17
40c
7-27
68%c
8- 1
68%c
8- 1
3c
10- 1
25c
25c
$1.62%
7-27
7-27
8- 1
&
(initial)
6% preferred
1
7-
Hershey
75c
8-15
(s-a)
$4
(quar.)_
Chocolate Corp. (quar.)
conv. preferred
(quar.)__.
Hibbard, Spencer, Bartlett & Co. (monthly)9-25
12-25
Passumpsic Rivers RR.—
preferred
Company
30c
$1.50
7-31
8-15
$3
8-
1
7-
1
Higbee Company, 5%
Holly
Development
preferred (quar.)
(quar.)—
Holly Sugar Corp., common
7% preferred (quar.)
(quar.)
7-14
10- 2
9-14
9-25
8-20
8- 1
7-20
,
8-
1
7-20,
50c
8-
1
7-20
50c
8-
1
7-20
8-
1
7-26
11-
1
10-20
50c
9-
1
'8-5
10-
1
9-15
$1.12%
8-
1
7-15
.
7-21
20c
6-30
50c
9-
9
8-25
50c
(quar.)
12-
9
11-25
9-
9
8-25
12-9
11-25
$1.10
$1.10
;
6V2%
(quar.)
7-15
7-15
9-25
9-29
6-21
7-
6
(1
6%
Co.,
7-10
7-10
7-15
8-
4
11-20
12-
1
11-20
8-
1
7-17
8-
1
7-17
$2
preferred
X
Field
Co.
&
Corp.,
2
9-20
12-20
1
7-14
8-
$1.31%
15c
—
7-
8-31
7
6-
7-19
25c
Corp
sh.
4V4,%
of
series
9
A
00
Maytag
8-15
8-
4
11-
3
$1.75
10-
(quar.)
Investors Trust
7-15
9-10
8-15
1
8-15
9-
$1.12%
(irregular)
6-30
7-20
24c
—
$3
—
8-
1
7-
75c
(s-a)
9-
1
8-15
1
75c
8-
1
7-17
$1.50
8-
1
7-17
35c
$3 preferred (accum.)™_
preferred (quar.)
Corp.
9-18
7-31
25c
(quar.)
1
20c
preferred
8-
1
7-14
Co.,
1st
8-16
11-15
Department Stores——
McCall
jr-l
$1.50
(quar.)
(quar.)
(quar.)-.
RR.
•
$1.50
preferred
common
preferred
Massachusetts
$6
6-30
7-25
10-
$1.62%
(B.) Co., 7%
Manischewitz
May
8-21
1-2-45
$1,62%
(quar.)_
(quar.)
preferred
(quar.)—
8-31
43 %C
McClatchy Newspaper, 7% preferred (quar.)
7%
preferred
(quar.)„
11-30
43 %c
'
McLellan
6%
Stores,
5%
6%
8-
1
7-10
8-
1
7-10
25c
(quar.)
—
Acceptance Corp.
Rubber
6-30
15c
of California—
(quar.)
Miller & Hart, $1 prior pfd. (irregular)—-,
Mississippi Power & Light, $6 pfd. (quar.)
:
■
5
9-1
9-
5
9-
a-1
25c
Reclaiming
9-
30c
50c
preferred (quar.)
preferred (quar.)
Mid-West
7-20
7-30
$1.50
(quar.)
common
preferred
Mercantile
1
30c
8-
$1.25
McCrory Stores, 5% preferred (quar.)
McKales, Inc. (s-a)
9-12
$1.50
1
8-
1
7-20
>
9-
2
.7-15
Monmouth Consolidated Water Co.—'
$7
preferred
Monroe
5J/2%
pfd.
(quar.)
preferred (quar.)
Moore Drop Forging Co., Class A (quar.)™
Morrell
(John) & Co
—
Power,
$6
Mount Diablo Oil Mining &
^
8-15
$1.75
(quar.)—
Loan Society
Montana
7-10
8-21
1
25c
(quar.)
(I.)
6%
7-15
7-15
1
37 %c
com
Square Garden
5
7- 6
1
9-
12-
pfd. for each 10 shs. of com. held)
12-23
9-
9-
25c
$1.25
7-10
.
(quar.)
preferred
-Harrisburg Gas,
7-15*
1
$1.62 %
(Ky.)
Madison
1
7-10
1
75c
Paper,
7-
8-1
8- 1
8- 1
8-1
8-
♦$1.50
6%
7-10
7-25
7-25
$1.75
50c
9-15
1
8-
87 %c
(quar.)
2nd pfd. (quar.)
Massawippi Valley
1
8-
Hosiery, 7% preferred (quar.)
Green (H. L.)
Co. (quar.)
Greenfield Gas Light, $6 non-cum. pfd. (quar.)
7%
8-1
9- 1
8-
2
8-
$1.12%
(quar.)
Co.
Petroleum
dividend
7-10*
7-10
.8- 1
10-
(R. H.) Co.—
Stock
8- 1
8- 1
7-17
$$2
Gotham
Hammermill
Co.,
preferred
6- 3
>
9-15.
County Gas & Electric Corp.—
7-20
$40c
35c
"
5%
6-23
$1.50
(quar.)
Hercules Powder Co.,
9-30
Luzerne
7-10
25c
B
Hecht
12-31
7
1
$1.25
.
2
25C
preferred
8- 1
7-25
20c
—
;
1
Belyea, Ltd., Class A
7-15
(Toronto)—
7-15
8- 1
common
1
7-31
6V2%
Macy
.
7-14
10-
.
$1.25
& Elec.
Lunkenheimer
7-14
$$1.75
$25c
preferred
1—
Safety Razor
preferred
Gimbel
7%
Wares,
preferred
(quar.)
Gas
MacMillan
8-15
7-15
1
30C
Taylor, 8%
7-15
$1.50
(interim)
8-
7
6-30
&
Louisville
4% %
(accum.)
7-25
8-
50c
(quar.)
common
Loose-Wiles Biscuit
Lord
9-16
25c
Hartford Times Inc.,
8-15
6-30
General Steel Castings Corp.—
7-20
$1.25
9-15
$1
$1.25
(quar.)..
5
$1
(quar.;
common
;
Magnin
;
12-20
5
30o
preferred
7-20
8-
12-30
9-
25c
(quar.)
Participating
8-26
—
1
8-15
$$1.50
Connecticut
7-31
5%
8-26
8- 1
10- 2
$1.75
35c
12-5
8-
If- 4.
50c
(quar.)
"
8- 1
$1.12Vi
12-15
75c
>
Participating
5
7-20
(quar.).
preferred
Beneficial interest
$1.62
Confederation Life Assurance
;
7-
(accum.)
(quar.)
$4.50
9-15
$3
(quar.)
Longhorn Portland Cement—
5% preferred (quar.)
6c
Corp.,
General Electric
—
7-13
•
11-15
10c
Miami RR., special stock
Special stock (quar.)
$3.30 original stock
$3.30 original stock
15c
$2
.•—
7-10
1
8-15
62 %c
pfd.
common
Corp., 4Vst%
Co.,
25c
(quar.)
General
8-
9-15
7-17
37y2c
Co., 6%
preferred (quar.)
75c
(quar.)
common
preferred
conv.
25c
37J/2C
$35c
$35c
(quar.)
(initial)
8-15
Ohio Electric—
H.) 7%
7-15
9- 1
10- 2
7-21
7-25
7-31
$25c
,
Bridge Works————.
Foster-Wheeler Corp., 6% prior pfd.
Foundation Co. of Canada (quar.)
10-13
.00
9-16
9-16
$25c
——
7-18
1
$1.75
Little
7-16
(quar.)—
(interim)
8-28
,
$1.50
683/4C
(quar.)
(quar.)
'
7-15
(quar.)_
common
1
$1.75
Liquid Carbonic Corp., 4J/2% pfd. A (quar.)_
Liquidmeter Corp.
7-21
prior pfd.
Rubber
B
Class
Fort
Class
(quar.)
Commonwealth Edison
6Va%
7-21
7-31
25c
Co.,
preferred
7-15
37%c
-
Link-Belt
9-21
$1.06%
common
2
8-
11-
25c
Quarterly
7-15
35c
10-
$1.75
(quar.)
Quarterly
t$2
8-11
Lincoln National Life Insurance (Ft. Wayne)—
9-16
(accum.)--
7-11-
7-. 6*
1
12 %C
& Co
Tire
&
Stores
8-11
1
Columbus
9-16
8-15
-
Petroleums Ltdi
Sons
preferred
1
8-
9-
$1.75
Rochester, N. Y., common (quar.).
4%
conv.
preferred (quar.)
9-15
10- 1
"•
6.
$1.75
Liberty Loan Corp., $3V2 preferred (quar.)
Lincoln Alliance Bank & Trust Co.,
7-15
t$1.50
Harrisburg Railway Co. (irregular)
Hart, Schaffner & Marx
Corp.—
preferred
conv.
1
5
'
7-; 8
$1.50
(quar.)
Portland Cement,
preferred (quar.)
4%
(Syracuse,
(s-a)
pfd.
Department Stores,*
preferred (quar.)
(Wm.)
Hartford
preference
Columbia Pictures
10-20
1
Corp.—
(quar.)
Cum. preferred 5% series (quar.)
6% cum. preferred series A (quar.)—
cum.
1
8-
25c
(quar.)
Electric
11-
$1.75
$25c
(s-a)
Colorado Fuel & Iron
8-
V
7-
50c
(quar.)
(quar.)
& R.)
Rubber
Lerner
7-15
$1.25
(quar.)
Fibreboard Products.
4%%
1
Griggs Cooper & Co., 7%
-.•re.-*
8-10
$1
Coal
Cockshutt Plow Co.
$2.75
12-
$1
pfd. (quar.)—
Clinton Water Works, 7% pfd. (quar.)
Coca-Cola Bottling Co. of St. Louis (quar.)
5%
8-15
(Chicago)—
Quarterly
Columbia
1
$1.62%
Quarterly
Clinchfield
9-
$1%
preferred (quar.)
5% preferred (quar.)
Citizens
6Vi%
Filene's
Gordon
5%
.City Ice & Fuel,
Ltd.,
(Canada)
conv.
Firestone
8-
$2.50
Grain,
$37 Vic
8-17
11-16
$1.75
3c
Quarterly
Federal Fire Insurance
Federal
9-1
50c
Farmers & Traders Life Insurance
8-15
7-25
$$1.25
Oil, Ltd., common (quar.)—.—
preferred (quar.)—
Canadian Pacific Railway—
4% non-cum, preferred (s-a)
Celotex
•:
$2.50
Trust—
8%
Catalin
9-14
(quar.)
8-15
Canadian
_™
10- 2
pfd. (quar.)—
preferred (s-a)
Metallurgical Corp., $5 pfd. (quar.)
$$1.75
$75c
Canadian Wallpaper Mfrs.,
Class B
$1.50
12- 1
<
7-25
1%C
Lehigh
$1.25
7-31
(accum.)
Investors
Lee
9-14
(irregular)
8-15
$621/2 c
—_—
Investment
7-17
9-14
$1.25
8-15
(quar.)—_—
(quar.).;
7-31
10- 2
10- 2
$1.25
5
7-10
7-20
$1.50
(quar.)_
(quar,)_
Leland Electric Co
Line Co.
preferred
-
7-20-
7-31
$1.25
Lawyers Title Insurance (Richmond, Va.)—
6% participating preferred (s-a)
I.¬
25c
*
Co.—
9-15
$5
7%
1
$1.25
$1.37 ¥2
„
$50c
$$1.25
(quar.)
International
Canadian
(quar.)—
Federal Screw
Products. Ltd. (quar.)
Canadian Industries, class A (quar.)
Class
6-30
$85c
Food
Canadian
(quar.)
$5 preferred A (quar.)
$5 preferred A (quar.)
7-20
37'/a C
Breweries, Ltd.—
preferred (quar.)
Canadian Converters Co. Ltd.
$1.25
(quar.)
Faber Coe & Gregg. Inc.. 7%
Falstaff Brewing Corp., 6%
conv.
Canadian
7-
preferred
preferred
Leath & Company,
7-10
—
Quarterly
7-10
7-18
9-15
25C
2
1
Pipe
7-28
(quar.)
9-
t$1.50
(quar.)
(s-a)™:
7-25
$1.50
12%C
pfd.
$5
62 % C
pfd.
7%
$1.12 Va
6%
preferred
9-18
8-
Eureka
Common
Co.—
pfd.
common
common
25c
$50c
Power,
8-15
4
7-14
Watch
$6 preferred
(quar.)
Northern
$3
Employers Group Associates (quar.)
Engineers Public Service, $5 pfd. (quar.)—
7-15*
25c
(increased)
(quar.)
Valley Gas
$$1.50
Registered
7-
Krueger (G.)
Lane Bryant, 7%
Landis Machine,
(F.
7-10
.
12-
(quar.)
Brewing Co
Lazarus
8-1
8- 1
12-15
(quar.)
preferred
Lebanon
$5.50 preferred
Canada Malting Co., Ltd. bearer (quar.)—_
Canada
8- 1
8- 1
2nd
6
7-15
(quar.)_
Packing Corp., common
preferred (quar.)—
5%
6-28
1st preferred
6
7-17
75C
9-
2nd preferred
7-
7-17
371/2 c
California
7-28
6%
7-
1
common
7%
7-21
$20c
pfd. (quar.)—
$3 pfd. (quar.)__
7%
6-28
8- 1
8- 1
$38c
6%
7-15
7-15
8- 4
8-1
partic. preferred..
9-15
20c
common
Water Works Co.,
$1.50
Share,
National
Erie Railroad
1
15c
preferred (quar.)
(quar.)
&
8- 1
8-
7-18
1
8-
'
8- 1
1
7-28
Corporation-
1
preferred
1
10-
20c
I
8-
5%
40c
preferred (quar.)
Pennsylvania RR. (s-a)
$6
8-
$2.95
Kennedy's, Inc.,
1
t$1.37l/a
$4.50
East
Department Stores
$75c
$37Vic
$$30c
(quar.)
(quar.)
Nemours &
7-20
$1.75
(quar.)
Calgary Power Co., Ltd.,
de
$$1.50
—
(interim)
common
preferred
I.)
$25c
(quar.).
pref.
(quar.)
Linoleum
&
Chemical, 5Vi% pfd. (quar.)
$$1.50
(quar.)
Co., 7%
(E.
6-26
•'
tlOc
Pont
Elgin
(quar.)—.—_—1—
preferred
M.)
Caldwell Linen
80c
(quar.)
Property
2nd preferred
preference
Oilcloth
8-
Columbia Telephone—
6%
1st redeemable
cum.
16c
621/2 c
—
Edison
Boston
Byers
cum.
50c
(quar.)
Boston
Co.
6%
2nd
du
7-14
.-
6-30
Duplan Corporation (irregular)
8% preferred (increased)
7%
Quarterly
7-15
Extra
(quar.)
1
7-25
$1.06 y4
Tea Co., 4%% preierred (quar.)
Kalamazoo Allegan & Grand Rapids RR. (s-a)
Kalamazoo Stove & Furnace (quar.)
Kalamazoo Vegetable Parchment Co. (quar.)
7-29
(monthly)
(quar.)
Fabrics, Ltd. (quar.)
1
Common
7-14
8-
(resumed)
"8- 1
Canada
9-
Belding-Corticelli, Ltd.,
1
(quar.)
$1.25
(quar.)
Fields
Bank of
8-15
25c
preferred
25c
t$2
t20c
pfd.
Ltd
Oil
8-
8%
$40c
Corp.-Seagrams,
8-
5C
:
'.2V2V0
Dominion
8-
Kellogg Switchboard & Supply—
1
Dominguez
10c
15c
7-
8-
Dominion
11-10
50c
8- 9
5
7-15
8-10
1
1
7-12
7-
7-15
1
12-
20c
Ironer, common..
7-19
1
7-21
9-15
9-
30c
$4
8-
7-31
Ironr'te
10-16
30c
(quar.)
8-11
$1
17'/2C
$75c
(quar.)
preferred
Mfg.
9-1
6
Mines.
convertible
Fireman
Quarterly
75c
7-
.
8-15
Jewel
1
(initial)
7-21
1
5
15c
Extra
1
9-
8
$25c
Co.
8-
25c
8-
:v
(quar.)
10c
Insurance
87 %c
<™
Ltd.—
7-
Mfg.
(s-a)—
American
3
12-15
8-
—
7-
8-15
&
Bonus
...
3
1
12-15
7-25
$1
Distillers
7-10
8-
50c
Tramway Corp., 1st preferred
Gasket
Dome
7-14
t8%c
$1.25
25c
Denver
Detroit-Michigan Stove 5% preferred (quar.)
Diamond Match Co., 6% partic. pfd. (s-a)
Discount Corporation of N. Y. (irregular)
Distillers Co., Ltd., ordinary regis, (final)—
7-15
8-16
7-10
Isle Royal Copper
Detroit
7- 3
7-15
6-30
7-
9-30
6-30
1
1-
1
12-23
7-28
8-
8-22
8-
8-
9-30
8-11
8- 1
9
t$1.75
12-23
1
7c
1
9-
Ltd.— '
$1.75
1
t$1.37i/2
8-
25c
(quar.)___™_—
$1.75
8-
1
7"15.
33/4C
$1.50
(quar.)™..
$50c
(quar.)
9-
9-
6-29;
8-1
$1.251
(quar.)
(quar.)
$1,121/2
$1.50
6-30
~
preferred (quar.)
6%
11-15
8-11
6-30
1
1
Iron
75c
1
7-31
8-
7-20
(quar.)
88-
20C
$$1.50
conv.
Investment Foundation,
.
Common
5
$3.50 prior preferred (quar.)
Intertype Corporation (quar.)
1
8-11
12-20
7% preferred ($5 par) (quar.)
International Utilities Corp.—>>
7-20
9-
25c
Co.
.V
9-20
12-30
1
8-15
7-15
.,
7-
8-17
9-
$$2
Ltd
preference A
1
9-30
8-
7%
7-19
1
7-31
1
1
Wilcox
Bangor Hydro-Electric Co.
i
8-
75c
Corp.
9-
9-14
$1.75
6-% conv. preference (quar.)
International Nickel Co. of Canada—
2
9-
1
10-16
-
7-10
10-
75c
Bathurst Power & Paper Co., class A (quar.)
Beau Brummell Ties, Inc. (irregular)
.
2%
20c
$1.25
common
7-25.
(quar.)
$2.50
(quar.)
(monthly)
preferred
10-10
(quar.)
1
1
$$1.50
,7-10
Common
9-
preferred (quar.)
7-25
25c
(quar.)—
Holdings,
6%
7-15
Dentist's Supply Co. of New York--
Wiborg Proprietary, Ltd.—
5%%
debenture
9-10
7-15
25c
International Metal Industries,
7-11
7-24
8-11
8-
(s-a)
Avondale Mills,
8%
8- 1
-
9-1
$1.75
Light Co.,
Powder. 5%
7- 6
1
Detrola
International
5
7 Vic
25c
50c
(quar.):;
International
8-15
(initial)-
common
preferred
8-1
7-12
$1.75
(s-a)
Insurance Group shares (s-a)
International Business Machines
8-15
$1.25
dividend)
Light,
9- 1
9-1
$2
(stock
conv.
31V4C
4>/2% pfd. (quar.).
Atlantic City Electric, 4% pfd. (quar.)
Atlantic Refining Co., 4% pfd. (quar.)
Atlas
Packing
Power &
Mfg., $6
7-
$2
*
(resumed)
Delaware
1
(quar.).-
Cohn
Dennison
8-
common..
Deerfield
&
7-20
$1.75
Inc
Dayton Rubber Mfg., common
$2 preferred A (quar.)
(Alfred)
f
25c
Bros.,
7-10
9-
25c
Assoc. Telephone Co., Ltd., $1.25 pfd. (quar.)
Atchison Topeka & Sante Fe Ry
Atlanta
Davidson
6-21
$1.75
(quar.)
7%
Cunningham Drug Stores, common (quar.)Cushman's Sons, 7% preferred (quar.)
$8 preferred (accum.)__„.
I
Davenport Water Co., 5% preferred (quar.)
1
$1.12V2
$1.50
6%
8-10
1
10c
■
7-21
tlOc
Elec. Pwr., 4%% pfd. (quar.)
Corp., 7% preferred (quar.)
Dry
9-
.
Appalachian
Associated
>v
J68%c •/•v.: 8-
(quar.)
5%% preferred (quar.
Anglo-Huronian, Ltd.
Artloom
■
Decker
Anglo-Canadian Telephone Co.—
■
Bxtra
8-
25c
Imperial Bank ef Canada (quar.)
Incorporated Investors
:
6-27
-
American
5
$1.50
Huttig Sash Sc Door, common.;
7% preferred (quar.)
;
7% preferred (quar.)__^
Hydro-Electric Securities Corp.—
Corp.—
preferred
Port Clinton
8-12
8-
Indiana Associated Telephone Corp.—
(irreg.)_
af America.-.
1
90c
$2.50
.
9-
$1
(quar.)_
1
$2
25c
(Reading, Pa.)
of ReeJ *
8-
$1.25
(quar.)
preferred (s-a)
Hummel-Ross Fibre Corp., 6% pfd. (quar.)__
4
HalAere
Payable
40c
(quar.)"
Howe Scale Co., 5%
6-30
1
When
thare
(quar.)_
com.
8-15
Exchange Bank Trust Co. (N. Y.)—
Quarterly
Products Refining, common (quar.j_
Crowell-Collier Publishing, 7% pfd. (s-a)
Crown
: V
••
Y.),
Barbizon. Inc. (quar.)
Houston Light & Power, $4 pfd.
Corn
,
preferred
(N.
50c
3iy4c
common
preferred
Co.
Co.
Common
Crown Cork & Seal Co.
>
Products
9-
Hardart
&
Hotel
Corn
.
Home
.
Light Corp—
American Envelope, 7% preferred (quar,)
-7%
preferred .(quar.)
American
9-25
$1
pfd. (accum.)
—
$1.50
participating pfd. Class A (quar.)
20c
opt.
share of
a
$1.50
♦$1.25
(quar.)_
S
Amalgamated Leather, 6%
Per
Name of Company
of Rec,
Consolidated Edison Co. of New York Inc.—
75c
pfd.
common
Holdert
Horn
preferred (quar.)
75c,;
Canada, 5%
Payable
River Power Co.—
Consolidated Chemical Industries—
'
7%
When
thare
i ,"
,
269
8-
1
34%c
9-
1
8-28
$1.50
8-
1
7-11
$1.50
8-
1
7-20
7-31
7-15
3
8-15
7-20
50c
6-30
Development Co.—
V,
Quarterly
9-
lc
'
Mountain States Power Co:,
5%
preferred
common
(quar.)
(quar.)____—*—
8-15
8-15
7-25
7-25
Munising Paper Co.,
7-18
6-30
Mutual
25c
$1.75
8-1
8- 1
7-14
6%
7-14
6% preferred (quar.)—.
62 %C
...
7-20
6-30
8-
.1
7-20
1
8-15
Muskegon Motor Specialties—•
lc
'.7-28
8- 1
7-25
37 %c
75c
$1
15c
$1.25
;
7-15
$2 class A
5%
1st pfd. (quar.)—
(quar.)____—2————
25c
50C
9c"
J
Chemical ,Co.
of America—
preferred (quar.)——
,
$1.50
9-28
9-21
$1.50
12-28
12-21
Inc.—
Corp.
National Bank of Detroit
—+
National Biscuit Co.,
(quar.)
preferred
7%
-
—
—j—
•
(quar.)
class A and B
Extra on
5% preferred (s-a)—
5%% preferred (quar.)——
Cotton
Neisner Brothers. 4%% preferred (quar.)—
Newport News Shipbuilding & Dry Dock—
$5 preferred
(quar.)—.
New York Merchandise Co.
Norfolk & Western Railway Co. (quar.)
Adjustment preferred (quar.)
;
North American Investment Corp.—
6%
preferred (accum.).
5%% preferred (accum.)—.
—
Illinois Corp.,
Northern
$1.50
common
(quar.)
(s-a)
preferred
conv.
Northern Liberties Gas
16c
25c
37'/2c
50c
+6c
$$1.50
$1.50
—
.—.—
Ontario Power, common—
Northern
preferred (quar.)
6%
(quar.)—
'
Hampshire
(Del.)—
New
of
Northern RR.
Northern States Power
77c
—
Oppenheimer Collins & Co.—
—„_
Ottawa Car & Aircraft, Ltd., common———
——
—
class A
(quar.;-
(quar.)———
(quar.)—-
Products, common
Ontario Steel
—
———-
preferred (quar.)—.
77c
Outlet
,
—1
Company
$1.30 pfd. (quar.)
(increased quarterly) —
Pictures
Parke Davis & Co.—
Corp.
Peaslee-Gaulbert
Orielle
Pend
—-
& Metals
Mines
Peninsular Telephone,
Common
-
50c
50c
35c
35c
35c
175c
1$1.50
(quar.)——
(quar.)
(quar.)
(quar.)
$1.40 class A
$1.40 class A
class
$1.40
(interim)
Co.
common
—
(quar,)_—
A
Penman's Ltd.,
common
—
(quar.)—
'
preferred
67c
Traffic
Penn
(quar.)
————
(s-a)_
12'Ac
$1.10
$1.25
50c
25c
10c
—
Pennsylvania Elec. Co., 4.40% pfd. B (quar.)
Pennsylvania Power Co., $5 pfd. (quar.)
Pepsi-Cola
Pfeiffer
Co.
Brewing
J-
——-
Co
—*
—
Philadelphia Co. —
Philadelphia Electric Co.—
4.4% preferred (quar.)—.
A—
$1.10
50c
;
Philadelphia Electric Power, 8%
pfd. (quar.)
6-30
6-30
6-30
6-30
1
7-21
7-31
participating preferred (s-a)
i
50c
V.t.c. for partic. preferred (s-a)
50c
Philip Morris & Co., 4>/2% pfd. (quar.)—
$1.12'/a
4'A% preferred (quar.)——
■"'■$1.06'A
Phillips-Jones, 7% preferred (accum.)
$1.75
Piedmont & Northern Ry, (quar.)
50c
Pittsburgh Bessemer & Lake Erie—
Common (s-a)
75c
.
*
(accum.)
Bolt
Pittsburgh Coal Co.—
6% partic. preferred
Polaris
(quar.)_
(special)
Power Corp.
of Canada, Ltd., com. (irreg.)_
Prosperity Co., Inc., 5% preferred (quar.)„
Service
77c
6%
preferred
preferred
5%
preferred
Public Service
6%
of
Co.
7-15'
1
7-20
9
8-22
8-10
7-22
7-20
6-30
7-20
6-30
1
8-
7
8-
8-
1
7-15
8-
1
7-15
7
9-11
8-
7-25
6-30
7-25
6-30
7-31
7-13
6-30
7-20
7-20
6-30
8-1
7-15
7-29
7-15
7-29
7-15
8-
1
7-14
8-
1
7-14
8-15
7-15
8-15
7-15
7-25
7-10
10-15
9-15
8-
1
7-21
8-
7-15
5%
Canada
Southern
preferred
4.8%
8-15
pfd. (quar.)
31'Ac
9- 1
37'/2c >
8-15
7%
1:20c
9- 1
8-15
7-20
Warren
$1.20
8- 1
7-15
5%
$1.25
$1
1
7-15
9-15
1-1-45
12-15
8-
8-15
5
11-15
11- 4
2-15-45
2-5-45
8-15
7-14
6-30
8-1
7-15
7-25
9-
V.8-
1
1
A
8-
1
*
7-27
7-17
8-14
7-24
7-25
7-
1
Co.
7%
Stroock
Sun
Ray Drug, common™—
preferred
6%
$1.12%
5% pfd. (quar.)—
Mfg., $3.60 preferred (quar.)
Tacony-Palmyra Bridge,
$5 pfd.
Thermatomic Carbon Co.,
7-10
10-
1
9- 8
10-21
9-30
Transamerica
10-21
9-30
(s-a)
Tivoli Brewing Co. (irregular)
Toburn Gold Mines
—
8-
1
7-14
8-
1
50c
50c '11 12-1
$1.25
8- 1
90c
8-15
$2.50
12- 1
15c
7-31
He
8-22
25c
7-31
common (irregular)
(irregular)"— ™Lj-w—r™—j.
Syracuse Transit Corp.,
Common
1
(s-a)—
Corp.
—
.
25c
11-15
7-
5
Union Bank
of Commerce
$3
7-25
$1.12%
$1.25
8-15
$5 preferred
8-15
8-10
10- 1
9-15
7-20
7-10
Oil Co.
Union
(quar.)
of California
8- 1
8- 1
8-15
7-31
>
-
25c
7-25
7- 8
7-21
6-27
8-25
8-15
6-30
7-20
7-20
6-30
8-10
7-10
6-30
7-31
10-
10-15
5
United Corps.,
Class
B
—!
j-
—-—r-r-—
—
Class
B
(quar.)
United Drug Co.;
4%% preferred (quar.)—
United Grain Growers, 5%
non-cum.
pfd. A
(Del.)—
prior preferred (monthly)
prior preferred (monthly).
prior preferred (monthly)
7%
1
7-15
<8-
1
7-15
7%
8-
1
7-15
7%
prior
6.36%
prior
7-20
Corp
35c
9-
1
8-
1
,
$1.18%
t$l
58'Ac
$1.50
11c
*
*25c
(quar.)
1st
$1.50
:
20c
(quar.)
7-21
1
7-20
7-20
6-30
8-
7-13
50c
(quar.)
9-14
10-12
1
Co.
Company
2
108910-
1
1
2
EXCHANGE
RATES
CERTIFIED BY
Inc.,
9- 1
8-
$2
12-
11- 2
1
7-20
1
7-21
(quar.)__
(quar.)
Flour Mills—
preferred
(accum.)—™—
Coal
Chlorine
9-15
$1
——
1
9-
25c
10-
2
9-15
*$1.25
8-
1
7-
(quar.)
Ltd., 5%
(George),
pfd.
(quar.)
8
Products—
preferred
8-1
7-19
8-
$1.12%
(quar.)....^
1
7-20
7-20
Sewing Machine Corp.—
preference
(quar.)
50 c
—
50c
8-
1
5C
8-
1
Motors—
dividend
Line,
to
redemption
Co., $6 preferred
5%
5%
date
$1.50
(quar.)
8-
7-17
1
1
7-
$2.50
8-15
*$2.50
12-30
18%C
8-15
$1.50
8-
1
7-15
.$1.50
8-
I
7-15
$1
8-
1
7-15
$1.50
1st preferred
11-
1
10-16
$1
11-
1
10-16
(s-a)
preferred
—
11-15.,
Crampton Corp.—
convertible preferred
Winstead
(quar.)
quarterly
Hosiery,
Quarterly .»_^™^——
Extra
:
——.—I
Quarterly
Extra
—
—
—
7-31
'
•
Electric
Wisconsin
6%
5%
Public Service Corp.,
Alexander
7%
1st
Woods
15c
common
(accum.)
+50c
9-30
8-31
7-20
(init. quar.)
10%
50c
8-
1
50C
10-
2
9-2d
15c
10-
2
9- 8
25c
9-
8
8-31
*20c
8-
1
7-15
*37 %c
8-
1
7-15
—
—
—i.—
—
(quar,)
(quar.)
Zeller's, Ltd.," common
•
Zonite
x
7-15
8-15
9-15
7-15
8-15
9-15
•
Co-operative Mercantile
Quarterly
75C
Products Corp
Less 30%
9-15
9-
5
75c
—
—™„—
12-15
12-
5
7-20
-
7-10
Jamaica Income tax
books
•Transfer
>
Institution—
15c
:
•
■
7-15
Ziegler Coal & Coke Co._
Zion's
7-15
8-1
Jr. Co. common
preferred
7-15
1
$$1.75
i
(F. W.) Ltd. (interim)
Yale & Towne Mfg. Co
6%
8-
iv-'iV
Manufacturing Co., Ltd.
Common
8-1
$1.25
'
7-15i
7-31
James Ltd.—
&
preferred
Wrigley (Wm.)
,
$1.50
-
-
preferred (quar..)—
Wood
,
>
Co.—
Power
preferred (quar.).
Wisconsin
not
closed
for
this
tPayable in U. S. funds, less 15%
tPayable
resident
dividend.
1
9-12
$1.12%
10- 1
9-12
5q
7-25
1
7-15
10-
88-
1
7-15
15c
8-
1
Official
Free
1
8- 1
7-10
7-10
the
source.
Non¬
,
transfers in the different countries of the
TREASURY UNDER TARIFF ACT OF 1930
'
•
<g
July 11
$
$
* '
'
States Money
in United
July 10
July 12
■*
$
July 13
$
.297733*
.297733*
.297733*
.297733*
.251247*
■-
.251247*
.
,
York
.251247*
.251247*
.251247*
9-30
9-20
12-21
$1.75
10-
1
9-15
31'Ac
8-
1
7-10
.051275*
.051275*
.909090
.909090
.909090
.909090
.909090
.902410
.903671
.903750
.903750
.572766*
.572766*
.572766*
,
.572766*
.903750 i
.572766*
4.035000
4.035000
4.035000
.301215
.301215
.301215
.301215
.301215
.205740
.205740
.205740
.909090
.909090
.909090,
:
.205740
1
.205740
-
V
.909090
.909090
.899375
Free
7-15
Uruguay, peso—
Controlled
Noncontrolled
7-20
7-10
37'Ac
9-s 1
New Zealand,
•Nominal rate.
.
-
;
*
7-15
8-19
.
4.035000
.909090
7-10
•>
-
.060601*
4.035000
Newfoundland, dollar—
25c
;
.051275*
.205760
50c
(quar.)
.051275*
(.301215
1
8- 1
8-
3.228000
.051275*
.
4.035000
1
8-
.060601*
.572766*
pound™-—:—
Union of South Africa, pound-
37%c
3.228000
.060601*
.901796
Official
(quar.)
*060601*
.060586*
—
Mexico, peso
12-30
3.228000-
3.228000
3.228000
-—
England, pound sterling
India (British), rupee
8-
$1
at
British income tax.
.909090
Colombia, peso
12>Ac
l.^—
Less
.051275*
Official
12%c
(irregular)
preferred (quar.)
a
.060601*
7-15
$1.75
$1.31'A
(quar.)
common
7%.
Buying Rate for Cable Transfers in New
.297733*
.297733*
Canada, dollar—
15c
Public Service Co.—
Button,
deductible
tax
Act of 1930, the Federal Reserve Bank is now cer¬
Value
3.228000
Free
15C
pfd.
Iunds,
resident tax.
7-15
(quar.)
pfd. (quar.)—
15%:
July 8
Brazil, cruzeiro—
30c
pfd. A
Canadian
in
tax.
Canadian non-residents' tax.
1944, INCLUSIVE
TO JULY 13,
.251247*
Australia, pound
(quar.)—;
$1.50 conv.
7-15
7-12
'
-—
Free™
1
(resumed)
Manufacturing Co., 5%
preferred (quar.)
Rochester
1
7-31
prior
75c
Argentina, peso—
8-
(irregular)
preferred
8-
$2
Winters &
July 7
8-
Tobacco Co.—
1st and 2nd preferred (quar.)
A
1
8-15
7-17
Country and Monetary Unit
1
Reynolds (R. J.)
67c
7-
25c
(quar.)
8-1
&
Noon
30c
common
Reymer & Brothers, common
Class
8^11
7-19
75C
FEDERAL RESERVE BANK TO
JULY 7,
$1.25
common
Brass, 7%
5%% preferred (quar.)
Rhode Island
8-15
8-15
12 %C
common
Manufacturing Co.
the Treasury the buying rate for cable
record for the week just passed:
/
Official
(quar.)
(111.),
Revere Copper &
7 7c
8-31
(quar.)
7-17
Winnipeg Electric,
requirements of Section 522 of the Tariff
We give below a
FOREIGN
7-21
8-
40c
40c
Republic Investors Fund, 6%
6% preferred A (quar.)
6% preferred B (quar.)
Rheem
$1.75
*$1.75
pfd.
(s-a)
8-15
Wilson
9-21
Engineering—
prefgrred (quar.)
Common
1
8-24
50c
(quar.)
preferred
Remington Rand
$4%
7-25
8-
$1.75
Wilson
•
preferred
Renner
8-10
7-15
tifying daily to the Secretary of
6-30
8-10
50c
preferred
7-25
25c
preferred
Reliance Electric &
conv.
$1.25
$2.33%
Foreign Exchange Rates
7-15
8-25
$1.50
(quar.)
Regent Knitting Mills, $1.60 preferred (quar.)
$5
7-15
7-25
1
1
world.
(quar.)
$2
8-
8-31
8-
Pursuant to the
Corp., 80c pfd.
common
Reliance Mfg.
1
1
8-10
$1.12%
preferred
7%
7-20
88-
37 %c
(quar.)
5
7-20
7-21
preferred
$1.60
7-
8-1
8-15
Final
7-15
8-15
9-15
8- 1
9- 1
10- 2
8- 1
9- 1
7-17
1
Quarterly
58'Ac
58'/3C
—
1
Point
$2
;
53c
,53c
53c
50c
50c
50c
pfd. (monthly)
pfd. (monthly)
6.36% prior pfd. (monthly)
6% prior pfd. (monthly)
6% prior pfd. (monthly)
6% prior pfd. (monthly)
8-1
8- 1
8-1
9-1
$5.25
67%C
5
8-15
$1.13
15c
10c
United Drill & Tool, class A (quar.)™——
8-
8-15
$38c
$22c
(quar.).
Ltd., class A
7-'5
8-15
Woolworth
$1.25
32c
7-
7-17
$4 cony, preference (accum.)_
7-10
7-10
7-15
7- 6
7-18
7-18
7-15
7-31
(quar.)™.---
preferred (accum.)
prior preferred (initial)
$5
7-17
$18
8-
Willys-Overland
7-31
7-10
(quar.)
10-10
Electric. 6% preferred
preferred (quar.)
White
7-15
7-31
(Cleveland )_*s.
Union Electric Co. of Mo., $4.50 pfd.
7-10
10-20
9-
$4.50
11-10
.—-—
9
7-20
$1.75
$1.50
Westvaco
8-10
;—
/.Quarterly
7-15
9-
17% c
Weston
11-15
6-17
7-31
11-27
7-10
7-21
.7-15
8-15
1
9-20
$1.75
(s-a)
(quar.)
Westmoreland, Inc.
7-14
7- 3
8-15
25c
(quar)
Trinity Universal Insurance
7-20
7-20
7-20
9- 1
of California—.—
1
8-
43 %c
Westmoreland
7-14
8- 1
8- 1'
7%
pfd.
conv.
Western Canada
7-10
50c
—
8-
leaving a
Penn
7%
7-17
8-1
8-1
Co., class A
Manufacturing,
8- 5
20c
37%c
——
(quar.)
Super Mold Corp,
$1
——
preferred A (quar.)
Oil Co., 4%%
7-15
20c
:
$1.75
•>
2nd preferred (accum.)
$4
12-1
$1.50
West Michigan Steel Foundry 7% pfd. (quar.)
Suburban Electric Securities—
Sun
9- 1
12- 9
—
(accum.).
$1 convertible preferred
7- 3
7-14
(initial)
& Co., Inc., new com.
(S.)
1
7-14
Wentworth
West
7-25
7-20
(irregular)
Inc.
Sterling Brewers,
6-30
7-19
$12.55
;
Insurance
Fire
7-15
25c.
50c
of Canada, common (quar.)——
preferred (quar.)——™——
Steel
12-23
of $17.23.
Welch Grape Juice Co.,
9-15
12-15
7-7
7-7
9-21
1-2-45
$1.25
West
9-30
12-30
8-1
8-1
9-15
2
9-9
(s-a)
9-1
7-31
$1.25
$1,25
*75c
*75c
—
—
8-
1
8-15
2
10-
37 %c
(accum.)
legal expenses,
Brothers
6%%
preferred (quar.)—
preferred (quar.)
Thatcher
8-
31'Ac
(quar.)—™
preferred
5%
amount
prior preferred
Wellington
Stecher-Traung Lithograph Corp.—
5%
6-30
8-31
7-22
10-
payment of the 6% pfd.
subject to deduction of 77c
is
certain
Webster Eisenlohr,
7-15
7-15
75c
Inc., $4.50 pfd. (quar.)—
Ltd. (interim)
Standard Fire Insurance of N. J. (quar.)—
5%
1
8- 1
8- 1
9-15
*50c
,—
class A
(accum.)
net
10- 6
9-1
Standard Chemical Co.,
8
7-28
10-16
9-15
$1.25
$1.06'A
$1.12%
(quar.)—
Standard Brands,
Stanley Works,
9-1
8-1
$1
$1.12%
(A. G.)
Squibb (E. R.) & Sons, $5 pfd. A
$4.25 preferred B (quar.)_.
7-15
7-28
$1.62'/2
(quar.)
& Bros., 1st preferred
Spiegel, Inc., $4.50 conv. pfd, (quar.)
9-
10-
preferred
Spalding
7-31
7-24
25c
Southwestern Public Service CO. com. (quar.)
6%%
stock
8-15
9- 5
8-15
7-20
9-15
9-15
7-19
10-16
dividend
Class B
preferred (quar.)
Phosphate & Acid Wks.
non-cum.
7-18
7-31
10-31
$1
—
Washington Gas Light, common
4%% preferred (quar.):
$5 preferred (quar.)
preferred
for
Co.—
Southern Railway
common—.
37 %c
(quar.)
7-10
$1.75
(accum.)
of Cuba
preferred (quar.)—
Co., Ltd. (quar.)
Waltham Watch,
Gas & Electric—
Southern Indiana
1
11-29*
I
$1.75
8-15
8-15'
(quar.)__
8-25
8-
62'/a c
preferred (quar.)—
9-1
9-1
common
8-25
8
W-M
—
preferred (quar.)__*_
a.—, ———
preferred (quar,)——..—.
—
7-20
8-15
8
9-
62 %c
37%c
12%c
—
Power,
Detinning,
The
9-
$1
(accum.)
preferred
conv.
Virginian Railway, 6%
6%
7-20
$2
Vertientes-Camaguey Sugar Co.
7%
9-20
12-20
50c
(quar.)
(quar.)
(quar.)
preferred
6%
$4
Vapor Car JHfeating, 7%
7% preferred (quar.)
•
8-31*
40c
30C
(quar.)
prior preferred
Vulcan
v
40C
(quar.)
preferred
prior pfd.
5%
Valspar Corp.,
6-30
■.
9-10
50c
6-30
7-15
—-.■
7-15
1
—
common
7-24
California Water, 5%
Southern
:
7-30
--
7-15
1
(quar.).
20c
-A—-
Southern California Edison
1
8-
10-
__
*$1.50
'
8-
25C
-
50c
Knitting,
7%
——™—™
Southeastern Greyhound Lines
Extra
25c
$1.75
-
(quar.)
(irregular)
(quar;)
preferred
Solar Manufacturing Corp.
9-30
30c
Co.
A.),
7- 3
Southern Wholesale
7-14
Railroad Employees
(C.
6%
(quar.)_
i
*
t
Common
Pdper Mills, Ltd.—
8-15
Railway Equipment & Realty—
67c 1st preferred (accum.)
Reed
7-31
8- 1
(Howard)
50c
Radio-Keith-Orpheum Corp.—
6% preferred (quar.)
2nd
75c
*30c
™.—
7-20
Foundry, common (quar.)
Universal Leaf Tobacco,
7-15
(Interim)
Service—,.
non-cum.
8-15
6.36%
Quarterly Income Shares
4%
20c
(increased)——
1
cumulative 1st preferred™^—.—
8%
6-30
Oil Co.™™__
J.—
Purolator Products, $4.50 pfd. (quar.)—
Quaker Oats Co., 6% preferred (quar.)
Reading Co.,
8- 1
8-1
58'Ac
;i
(monthly)—
Public
Quebec Power
1$2
8-
(quar.)
Utica
$1.62%
(N.). Ltd.
8-
/
Common
Upressit Metal Cap, 8%
preferred (accum.)™
preferred (quar.)
—
68%C
prior pfd.
7-21
Simpsons, Ltd., 6%%
Slater
8-1
;
U. S. Pipe &
6-28
6-23
Skelly
S-
Leather,, 7%
7-10
7-28
7-25
—
7-14
7-15
S.
8-25
130c
12c
Mines
7-14
(quar.)__
Extra
8- 1
—
Mines,
Premier
1
U. S. Industrial Chemical
7-20
8- 1
8-
Machinery—
preferred
conv.
of Rec.
50c
(quar.)
Insurance
*15c
(interim).
(Quebec)
Ltd.
Sigma
Silbak
6% %
Hoffman
U.
8-12
50c
Fire
S.
*23c
Shawinigan Water & Power Co
Co. of Canada
Sherwin-Williams
Smith
i
9- 1
(irregular)
Leather Co.
Seton
10- 1
10- 1
(quar.)
United Light & Railway Co.
(monthly)
(monthly)
Bakeries
(quar.)
7-10
Puget Sound Power & Light Co.—
Subject to approval of Washington Depart¬
Purity
Servel, Inc.
10c
37'Ac
(quar.)__
com.
1
8-1
When
Payable
Universal Pictures, common™
preferred
6%
Corp.,
S.
5%%
9-30
9-10
9-10
25c
Acceptance
Securities
50c
41%c
(monthly)
preferred
ment
U. S. Rubber Co., common.
Sinclair Oil Corp.
Colorado—
Corp. of N.
U. S. Plywood Corp., .common
$5
$1
10c
10c
$1.50
15c
10c
}20c
$1.25
Mining Co
Public
7-20*
10-14
U.
U.
United Cigar-Whelan Stores Corp.—
$2.50
Semi-annual
Plymouth Cordage
Employees stock
8- 1
50c
Co
Surety
7-31
Pittsburgh Cine. Chicago & St. Louis RR.—•
Pittsburgh Screw &
Pleasant Valley Mine
$1.12%
preferred (quar.)__
$4.50
Seaboard
7-31
Philadelphia Transportation Co.—
$1
7-20*
(quar.)..—
preferred
$4
8-15
50c
30c
25c
16c
.
10-20
8-
$1
32'Ac
Pacific Public Service Co.,
Paramount
8- 1
Co.,
Paper
7-17
$1
120c
(quar.)
Common
Class B
$1
Scott
(quar.)
8-15
50c
$1.25
20c
5dc
25c
125c
*$1.75
Oliver United Filters,
7-22
8-15
$1.12/2
$1.31'A
preferred (accum.)—:
—
preferred (accum,)———_—
Northwest Engineering Co.————
Nunn-Bush Shoe, 5% preferred (quar.)
67o
7-15*
'8-
$1
.
7-15
7-20
®1.25
15c
$2.50
75c
6874c
8- 5
8- 5
common.™
new
(quar.)™
preferred
$2
Corp.,
8
7-
7-15
7-20
$1
$1.18%
North American Life Insurance, common
7-15
1
7-20
$1-25
13%c
Oats_CoT,
8
8-15
7-20
10c
National Tea,
8-15
Schumacher Wall Board Corp., com.,
9-
10-30
Extra
National
8-15
7-21
8-
17'/2c
Naumkeag Steam
25c
50c
1
8-
1
(s-a)
Insurance
8-10
Schenley Distillers
8-
Corp. (irregular)-—lie
National Lead Co., 6% pfd. class B (quar.)_
$1.50
National Liberty
50c
6-30
6-30
7-20
7-15
8-
1,,
—
8- 1
8- 1
7-11
8-
Investors
National
7-17
11-10
8-
50c
2c
—-
8- 1
1
8-31
50c
50c
'^c
Class B
5%% pfd. (quar.) *$1.37%
St. Lawrence Flour Mills Co., com. (quar.)..
*35c
7%
preferred (quar.;
:
$$1.75
Saguenay Power Co., Ltd.,
8-
10c
Bank of New York (s-a)——
National City Lines, class A (quar.)
$3 preferred (quar.)
National Distillers Products (quar.)
—
National Electric Welding Machine (quar.)Quarterly
National Funding, class A (quar.)
National City
7-15
$1.62%
(quar.)
1
10-14
$1.75
National Chemical & Mfg
8- 1
Inc., $6.50 preferred
Bros.
Roos
8-
30c
common—™
of Ree
7-25
12-
25c
,50c
^0°
(s-a/™_.
Co.
National Battery
8-10
1
9-
15c
15c
(quar.)
(quar.)——-—
convertible preferred
convertible preferred
6%
6%
National Aviation
7-15
8- 1
54'Ac
pfd. (quar.)—
Narragansett Electric, 4%%
Automotive Fibres,
National
Name of Company
Payable
thare
Name of Company
Payable of Ree.
1944
Holdert
Per
thare
Holier»
When
Per
holden
When
w*r
share
Name of Company
Monday, July 17
FINANCIAL CHRONICLE
THE COMMERCIAL &
270
3.244203
3.980000
3.980000
.901250
.901250
.899791
3.244203
3.244203
■*
3.980000
-
.901250
.901250
3.244203
3.244203
3.244203
3.980000
3.980000
3.980000
.658300*
.658300*
.658300*
.658300*
.658300*
.658300*
.529600*
.529600*
.529600*
.529600*
.529600*
.529600*
—
Volume
160
Number 4299
THE COMMERCIAL & FINANCIAL CHRONICLE
•r
AMERICAN MACHINE & METALS, INC.
a
registration statement for $2,000,000 4 Vz .% • 15-year sinking fund debs., due
June, 1959, and *68,450 shares of capital
.stock,
without
par
value.
The
68,450
shares of capital stock are to be offered
■for subscription to .the holders of capital
stock
the
as
of
rate
held.
shares
well
as
the
at
four
List
record
days
in
The
net
proceeds
subscription
date
and
in
the
the
purchase
United
.& Weeks
last
States
are
Offered—The
Weeks
and
record
'
$9
at
bonds
sale
Stock
by
of
stock,
par
$1.
issued
and
shares
outstanding
The
The net proceeds of the sale of the
securities will be applied together with
redemptions involve the payment of $300,000
and
est,
Boston,
is
000
shares
of common
stock
(par; $10)
The shares have been issued and are
being
by
the
underwriters.
incorporated in Delaware
was
1944,
sets
to
acquire the business,
and
inventories and
erties
of
the
a
to
stock (no par).
The shares are
issued and outstanding and do not represold
being
.are
to
priced
of
underwriters
New
$650,000,
cost
or
Pending
the
a
plus
market
In
which
physical check
inventories
taken
was
Contemporaneously
a
jus
or
York Trust Co. $800.-000
five
3%
notes, and sold to Mutual Life Insur¬
.
owned
Fenner
'
Filed
writers.
"Chronicle,"
,
ance
June
June
from
New
York,
bonds
due
the sale of
$500,000
1956.
these
provide
initial
working
LINE
PIPE
CO.
W.
'
has filed a registration statement for 531,:
•
shares
638
of
and
outstanding
aouri-Kansas
of
•
j
record
stock of Panhandle,
stock
common
-
:
or
shares
200
of Mokan,
stock
of
capital
Bovce,
1944.
Underwriters
s»*are«.
FiJ»d
istration
A
After
statement
cumulative
4%
and
pay
off
and
and
in-
payment
by
in its treasury, 19,587 shares held bv
Robert W. Johnson and 15,492 shares held
includes 1.138 shares held by the com¬
pany
of
shares
company's treasury,
each held by Robert
and
Seward
for
nine
two
shares
of
shares
Mokan
of
Panhandle
common
180
or
of class B capital stock of Mokan,
any combination of common and class
capital stock of Mokan equivalent there¬
to.
The exchange offer will expire April
15, 1945.
Filed May 31. 1944.
Details in
"Chronicle," June 8, 1944.
shares
or
B
j
QUAKER OATS
tration
has filed
CO.
for
statement
regis-
a
$10,000,000
20-year
due July 1,. 1964.
Net
the sale of the debentures
$5,000,000 to be received
from the sale-of serial notes will be added
Seward- Johnson.
the
J.
Johnson.
stock
Dominick
the
shares
77,252
held
are
and
W.
28,000
Johnson
Proceeds
to
the
bp used for general corporate
The;
purposes.
Of
21,252
common
company will
ferred
underwriters
are
&
Morgan
Dominick,
of
the
Stanley
pre¬
&
Co.,
Clark,
Dodge &
Co., Hemphill, Noyes & Co., Merrill Lynch,
Pierce, Fenner & Beane and Smith, Barney
&
The
Co.
proceeds from
together
with
to working
velopments
»
capital and used as future deof the business may require.
Underwriters are Harriman Ripley
& Co.,
Inc. and. associates.
•
Filed June 20,
'
Icle,"
June
29,
Details in "Chron-
1944.
1944.
'
-
,
1
offering
Central
Whipple
Co.
of
stock
common
&
Co.,
&
Republic
Co.,
Inc.,
Wertheim
and
&
Loewi
&
1,000
filed
a
CO.
account
Co.
ceived
of
of
Cities
The
net
Service
Power
proceeds
to
sale
the sale of 6,500 shares of 5%
cumulative j; preferred
stock,
par
$100,
which
the company expects, to sell con
are
to be applied to the re¬
at
101%
of
$10,044,900
first
mortgage and refunding bonds, 5% .series,
due March 1, 1952, and to the redemption
Robert W.
to
&
the
Co.
Johnson,
in
company
Incorporated.
Details
in
J.
care
Seward
of J.
P.
"Chronicle," July 6,
has
filed
a
trolled
by
Cities
to
Service
Power
con¬
Light
acquire by merger
the
properties of Ozark Utilities Co., Lawrence
proposes
County
Water,
GAS
is
for
and
bonds
stock
will
be
offered
competitive
bidding under the
competitive bidding rule
mission's
Names of the
underwriters will be filed
amendment.
Filed
in
filed
DAKOTA
-
registration
a
UTILITIES
statement
CO.
20,894
series preferred stock,
shares of 5%
for
cumu¬
(par $100).
Second
Avenue
South,
/
operating
com-
Proceeds—The
entire
proceeds from
of
000
3'/2%
notes, due serially at
the .rate of $390,000 on March 15 in each
the
of
1946
years
to
1950
Inclusive,
funds of the
and,
together with general
com¬
pany,
to redeem outstanding $390,000 of
2V2 % serial notes due March 15, 1945.
Underwriting—The underwriting
group
is headed by Blyth & Co., Inc., and Merrill
Lynch, Pierce,, Fenner & Beane of New
York. Other
will be filed by
names
amend¬
ment.
Offering—Price
to the
supplied by amendment.
public
will
shares
Registration Statement No. 2-5423. Form
(7-7-44).
/...,
-
S-l.
I common
<
•
•
stock, of which 23,225 are being
issued by the company through underwrit¬
ers
and
180,850 shares by three present
stockholders.
Offering price to public on
204.075 shares is $3.75 per share.
An additional 100,000 shares is reserved against
the exercise of warrants to purchase 100,000 shares of common, at $4.50 per share,
prior ;to three years from and after the
effective
date
of
registration statement.
Warrants for 50,000 shares will be issued
to
Burr
&
Co., Inc., which
will retain
25,000 thereof as manager of the underwriters and will distribute the remaining
25,000 among the underwriters and war¬
.
rants
for
50,000
shares
will
be
issued
to
members
panyi
&
Co.,
ers.
-
of the management of the comProceeds for working capital. Burr
New York are principal underwrit¬
Filed
"Chronicle,"
April
24,
May,
4,
Offered July
1944.
1944.
Details
r
7
14 at $3.75 per share.
t
in
filed
a
named
1944.
,
We
below
present
list
a
of
Issues
filed
unknown
are
to
ns.
Central Republic Co.,
principal
underwriter.
Details in "Chronicle,"
FARMS
shares
of
CO.
$3
pating preferred stock,
has offered
Company
preferred
shares
stock
of
the
registered
for
and
without
to
rights
each
35,-
partici¬
par value.
holders
to
of
Us
subscribe
preferred
new
share
one
has
cumulative
the
at
rate
shares
2%
for
held.
Hoover
Avenue,
named
Detroit.
Mich.
be
subscribed
specialty business.
less
$10' per share.
Proceeds—To
used
to
increase
proceeds
will
to improve the cash and
working
positions of the company and to
acquisition of additional plants.
No
Filed June 21,
1944.
Details in "Chronicle," June 29, 1944.
than
'
be
Net
be
to
used
the
rights
7
com¬
working
capital for war purposes,
and to place it in a position to carry addi¬
tional inventories and additional notes and
accounts ' receivable for anticipated post¬
war
business, particularly in the automo¬
of
the
BEN-HUR
5%
to
due
Feb.
1,
1951
shares
ferred
(for
Proceeds
to
capital.
Pacific
&
Co.
1943.
retire
named
INC.
— $300,000
series of 1943,
11,400 prior pre¬
debentures,
and
purpose of conversion).
bank loans and working
Co.
of
Calif,
underwriters.
Details
in
and
Wyeth
20,
9,
Filed Dec.
"Chronicle,"
March
1944.
New,,
Registration Statement No. 2-5422. Form
(6-30-44).
S-l.
rate
the stock
will be
The bonds and stock
on
offered for
sale
proceeds
tional
cash
be
may
together
from
following
will
with
securities:
be
77,798
4%
FINANCE
statement
non-cumulative series
siuu.
$100.
rrice
Price
Proceeds
for
to
to
me
the
CORP.
for
uuuuu
public
acquisition
14,000
2
filed
shares
preferred,
par
$100 per anttxc.
ytu
share.
®iuu
of
factory
and
the
Rule
such
addi¬
treasury
used
to
as
redeem
shares
of
$7
preferred
50,-
1944.
and
stock, $20 par,
to
have
for
the
are
1944.
Details
in
"Chronicle,"
$20
subscribed
eral
per
the
will
be
public at the
holders
will
be
voting trust for
&
Co.
29,
June
offered
the
All
gen¬
sharesyof its 7%, 6% and 5V2%
preferred
stock, the exchange to be on a share for
stock¬
to
deposit shares in
period of 10 years.
a
underwriters,
are
1944.
to
price.
same
aske»d
Details
in
share basis plus
tails
cash payment to be filed
a
by amendment.
Filed
Filed
May
17, 1944.
De¬
in
"Chronicle," April 27, 1944.
Exemption from competitive
bidding rule
"Chronicle,"
1944.
8,
29,
7-
has filed a
registration statement for
220,078 shares of 5% cumulative
preferred
stock, par $100 per share.
Company plans
to issue the 220,078 shares
of 5%. preferred
stock to effect the
retirement by exchange
or
redemption of
an
equal number
of
share
in
proportion to
the
premiums paid by them upon
policies issued by Mutual.
Vot¬
trust certificates .representing shares
not
22,
-V--.
.;
CO.
stock
ing
and
June
NORTHERN INDIANA PUBLIC SERVICE
pre-emptive
common
The total
required, exclusive of accrued interest
dividends, is $44,039,275.
Filed June
CO.
denied
ELECTRIC CO., LTD.,
registration statement for $5,000,000
mortgage bonds, series D, 3%%, due
1, 1964.
Proceeds will be used
to
by SEC in opinion issued
May 5,
1944.
Company
on
May
12
filed
an
amendment with the SEC
proposing invita¬
tion of competitive
bidding on the -stock
under
rule
U-50.
Offering data to be
filed
first
Feb.
pay
completed by post effective amendment.
company's $3,500,000 3% collateral prom¬
issory notes due June 1, 1948; to pay for
additions, improvements and betterments ol
plant and properties to be made prior to
Proposals for exchange and purchase if
the
5%
preferred
stock were received
by
up to 10 a.m. CWT July 10.
bid, made by Stone & Webster
and
Blodgett,
Inc.
and
associates,
was
received, which the company rejected. Tho
price named by the bankers was 101.
the company
Only
the close of 1945.
Dillon, Read & Co..
York, and Dean Witter & Co., San
Francisco,
underwriters.
Filed
May
23,
1944.
Details
in
"Chronicle," June
8,
1944."
' '
'
one
PERFEX
HAYES
MANUFACTURING
CO.
has
CORP.
has
filed
tion
statement
mon
stock, $4 par value.
for
21,803
a
registra¬
shares
of
com¬
registered 100,000 shares of common stock
$2 par value.
Net proceeds will be received
by Porter Associates, Inc.
The moneys
being offered for subscription to holders it
paid
common
to
the
ciates, Inc.,
said
corporation
by
Porter Asso¬
account of the purchase of
on
part
for
the
$200,000
stock at the rate of
for each five
shares
will, in the estimated amount
$187,500, reimburse the corporation in
of
conditioned
chasing
expended
by it in
Porter Associates,
Inc., underwriters.
Details In "Chronicle,"
May 31.
Filed May 25.
purchasing such shares.
IDAHO
POWER
stock,
has
CO.
filed
for 60,587
$100
a
regis¬
writer.
shares of 4%
value.
par
Under¬
Co.
of
7%
preferred
and
stock
$8
in
preferred
Aug.
28,457
shares
PUBLIC
500,000
of *$6
1,
stock
1944.
that
agreed
and
accrued
will
dividends
be
cumulative
bonds,
Stock
to
date.
not
be
1944.
The
purchase
to
not
deposited
series
is
for
sidiary)
A
loans
will
be
The
under¬
Details
in
1944.
ding.
ex¬
$102
The
price
in
to
Filed
Light
16,
a
registration
subordinated
June
OF
13.
22,
statement
for
chase
corporate
to
stockholders.
increase
bank
due
working
loans.
Filed
Proceeds
capital
June
Details in "Chronicle." June 22.
of
will
and
12,
bid¬
1944.
1944.
MISSISSIPPI VALLEY PUBLIC SERVICE
has registered
15,000 shares of 5%
CO.
of
are
underwriters
Oct.
of
■
are
CO.
common
Of shrs.
outstanding
Bank,
have
agreed
first
and
N.
mortgage
to
Y.
pur¬
(col¬
5%
convertible bonds of company,
1,
1951, owned by National City
Underwriters propose to
or
received
by
con¬
prior to closing and
the 252,852 shares of common
be
re-
SUGAR
shares
National City
vert these bonds at
its
1944.
443,850
the
Bank, N. Y.
only to members of the issuing
individual members
by
lateral)
Notes are to be sold at their
corporation and
Bonds
1943. Details in "Chronicle,"
$1,663,500
notes,
bearing interest at rate of 4% per annum
maturing in five and ten years from
face value,
of
(sub¬
basis.
for sale at competitive
CUBA.—696,702
Several
and
date of issue.
1971.
Co.
stock ($6.50 par), U. S, currency.
WHOLESALE
debenture
share
1,
preferred
VERTIENTES-CAMAGUEY
the
owned
filed
$6
Power
1944.
registered,
COOPERATIVE
of
stock
mortgage
Feb.
Registration effective Jan. 10,
March
.
MIDLAND
first
due
&
share for
on
Filed Dec. 21,
public
June
"Chronicle,"
$6,600,000
3y2%
OKLA.—$1,-
preferred
pre¬
to
the
OF
have
4%
the
pursuant
share.
per
Details
of
CO.
exchange
will be offered
and
for
underwriters
any
issued
offer'.
1944.
used
stock¬
principal
1944.-
cumulative
and
Southwestern
from
shares of the 7%
Any
stock
shares
exchange
duce
pur¬
by
procuring
Proceeds
22,
SERVICE
5%
(par $100)
change will be redeemed on Aug. 1, 1944,
$110 per share plus accrued dividends
will
underwriters
named
June
the
cash
preferred
ferred
share
new
working capital.
"Chronicle," July 6,
at
to
is
are
offering Is
subscribed
$550,000.
Filed
one
The
company
additional
shares
are
shares
$6
not
the
aggregating
for
the
upon
and
Wisconsin
tration statement
shares held.
shares
holders
used
The
stock which
the underwriters
on
such
converslon, together with the 443,850 fehrs.
previously/mentioned,1 will
registration
bidding
company's
required
to
pursuant
competitive
preferred stock
Shields & Co., New
common
subscribe
$250,000
TRODUCTS,
convertible
EQUIPMENT
Co.,
be
$6
tive field.
Underwriting'-—Reynolds
&
York, Is principal underwriter.
dividend
to
Net
shares,
respective
has
'■"7-
Offering—Offering price to the public is
filed by amendment, but is to yield
price of not
price
a
capital
to be
net
at
by amendment.
underwriters named.
Business—Textile
pany's
not
any
May
'■'..
a
U-50.
1, 1944.
The exchange offer will be
open from about July 1 to July 22. The new
ARDEN
'
first
Aug.
714
<
ORLEANS
Commission's
any
with
or
were
-
registration statement for 86,(par $1).
a
of
mined
CORPORATION
310 shares of common stock
the company
sale
and
opportunity to
ex¬
change their shares for new 4% preferred
stock on a share for share basis together
of
Address—19925
from
May 23.
filed by amendment.
are
Blyth & Co., Inc., and Lazard
Freres & Co., New York, 45%
each, and
Wegener .& Daly, Inc., Boise, 10%.
Com¬
pany will offer to
holders of its 32,130
DATES OF OFFERING
UNDETERMINED
>
INC., has
$200,000
$300,000
and
PUBLIC SERVICE INC.
registration statement for $34,mortgage bonds series due
1974 and 77,798 shares of
preferred stock,
par $100.
The interest rate on the
bonds
to
Germantown
writers
whose registration statements
NATIONAL AUTOMOTIVE FIBRES, INC
has
proceeds
shares of
preferred
1944.
July 6, 1944.
of
be
stock
preferred stock, both $100
par
voting trust certificates for said stock.
Policyholders of Mutual Fire Insurance of
serial
istration
v,;
the
sale of the preferred stock will be used to
redeem the company's outstanding $1,950,-
CO.,
statement for
preferred
"Chronicle,"
NEW
New
utility
pany.
5%
Filed
500,000
,$4.50
HAWAIIAN
WEDNESDAY, JUDY 26
C.
/
registration
K
has filed
basis
a
MONTANA
•'
■
gold bonds due Jan. 1, 1952.
May
by
Details
July 1, 1944,
July 6, 1944.
"Chronicle,"
A.
,
Bioren
Com¬
U-50
shares
204,075
share
insurance
-
series due 1967.
Chicago
for
In cash
holders
at
Light Co. is surrendering all the
securities
of
the
constituent
companies
owned by it in exchange for an aggregate
of
350,000 shares of common stock, $10
par,
of the Empire District Electric Co.
the
and
stock; $11,849,500 first and re¬
funding mortgage gold bonds, series
A, 5%
due Oct. 1,
1952; $17,856,000 first and remaking the exchange.
funding mortgage gold bonds, series
B, 5%
York,-is named principal underwriter, with
due June 1,
1955; $4,625,380 6% mortgage
names of others to be
supplied by amend¬
gold income bonds, series A and series
ment.
B,
'
due Nov. 1,
1949; $392,000 Canal & Clai¬
Offering price to public of stock not borne Railroad
Co., 6%
gold
Issued in"exchange will be filed by
mortgage
amend-, bonds due
May 1, 1946, and $283,000 Saint
ment.
Filed June
17,
1944.
Details in
Charles Street
Railway Co. first mortgage
'Chronicle," June 29, 1944,
; 4%
to
Power &
1944.
mortgage bonds, 4%
series
due June 1,
1969.
Net proceeds will be
applied to the redemption, at 100, of out¬
standing $1,745,000 first mortgage bonds,
5%
share
a
the
used
Light & Cold Storage Co.
and Benton County Utilities Corp.
In con¬
junction with this merger Cities Service
Both
a
31.
Light
&
Milwaukee,
in
an
amendment
filed
June
10
to offer $100,000 4%
series
F
demand certificates and
$100,000 4% series
Y certificates at $100.
Proceeds for work¬
ing capital.
Details in
has
CORP.
000
Morgan
registration statement for $1
first
INK
Empire District Electric Co. which is
Co.
Wisconsin
Fox
& Co.,
1,500;
Bingham, Sheldon &
proposes
twenty Jays or more ago, but whose
offering dates have not been deter¬
JACKSONVILLE
745,000
Details
GERMANTOWN FIRE INSURANCE
has filed a registration statement for
Johnson
Filed June 30,
1944.
3,
1944.
first mortgage sinking fund 5% bonds
due March
1, 1952, assumed by Empire.
Co.
Company proposes to sell to the public
for
of
bonds
demption
105 of $851,200 of Ozark Power &
on
Cash
be
able
ceeds from
at
shares;
F.
of
•
series L 6%
capita]
with treasury cash,
redeem, at $105 per share
plus accrued dividends,
all unexchanged
shares of the $6 preferred stock, and to
the payment of the cash
adjustment pay
will
pro¬
sale
4.
series
Proceeds
working
PRINTING
unexchanged
re¬
Empire District from. the
bonds, together with the net
per
increase
Filed June
new
of
stock.
&
be
by
the
'.STERLING ENGINE CO. has filed a reg¬
-
has
issued
are
share.
6%
,
preferred stock plus
per share equal to the
redemption price per share
of the $6 preferred
stock, $105 plus. ac
crued
dividends
from
July
1,
1944,
to
the redemption date, over the initial
pub¬
lic offering price of the $4.50
preferred
being offered fo)
are
the
stock
common
The shares of stock
outstanding and
to
shares
amount
an
registration statement for $10,600,bonds, 3V2% series due
(par $10).
and
$103
the
on
Cp., Winona, Minn., 500.
Filed
1944.
Details in
"Chronicle,"
25,
May
a
the
on
pany
excess
000 first mortgage
1969, and 350.000 shares of
public
used
"Chronicle," June 8,
for
Chapman & Co., and Scherck, Richter Co.,
each. Filed July 1, 1944.
Details in
ELECTRIC
. •;
on
adjust¬
Serurities will be offered
by Morrison-Knudsen Co., Inc., at par.
Any part
of the issue not sold
by company officials
will
be
sold
through Wegener & Daly,
Inc., Boise, Idaho, as underwriters.
Com¬
their
"Chronicle," July 6, 1944.-, f:
DISTRICT
.7 7;7
share
a
5,750
lr500:
all
&
April
value.
to
be
GENERAL
500
EMPIRE
"■-7;',
Co..
1,000
Tarras
registered 35,000 shares of $4.50 preferred
stock, series A, cumulative (no par). Com¬
pany is offering to holders of the 33,926
shares of outstanding $6 cumulative
pre¬
ferred stock the privilege of
exchanging
Bacon,
Co.,
£7-
Morris
&
filed
in
Co., Inc.,
1,500 each;
Co.,
is
'
statement
7.:.
$2.66%
cash
share
exchange offer will expire
May 20.
Underwriters are
Co.,
4,750;
Co.,
Unsubscribed
funds.
to Lumbermens Mutual
sold
a
a
The
on
Milwaukee
Loewi
company's
preferred
with
underwriters.
each; Piper, Jaffray & Hopwood, Whiting,
Weeks & Stubbs, Inc., Kebbon, McCormick
& Co., Perrin, West & Winslow, Inc., and
Tucker, Anthony & Co., 750 each; Farwcll,
being underwritten.
Applications for
purchase of common stock may be made
Fild June 30,
Offered July 10, 1944 at 99% and int.
Inc.,
Hall
2%%: debentures
'
Co.,
Harris,
Reynolds &
not
and
-
&
and
be
to
new
through
the
reduction
of
bank
loans.
Beecroft, Cole & Co., Columbian Securi¬
ties Corp.
and Seltsam & Co., Inc., are
Company, Eastman, Dillon & Co.,
Paine, Webber, Jackson & Curtis and F. S.
Moseley & Co., 2,000 each; Clair S. Hall &
Co., 1,750; Dean Witter & Co., A. C. Allyn
Business—Public
reg¬
77,252 shares of
(par $12.50).
The preferred
registered Is issued and outstanding
J.
follows:
as
added
be
and
noon
Co.,
31,
May
stock
preferred.
at
for
share basis,
MORRISON-KNUDSEN
waukee
Minneapolis, Minn.'
a
stock
common
stock
$100)
shares
of
1944.
for
36,218 shares of
preferred stock, series
second
(par
by
basis
9°.
WEDNESDAY, JU£Y 19
bv
the
are
J»ne
JOHNSON & JOHNSON have filed
capital
are
record
stock
for
amounting to $7.83 Vz
FLEMING COMPANY, INC., has filed a
registration statement for 2,500 shares of
preferred stock, 5% cumulative ($100 par).
num¬
80.000 shares; Hemp¬
stock
on
require¬
Details in,, "Chronicle," July 6,
common
shares of
and
privilege of exchanging all or any
part of his holdings of such stock for full
shares of the common stock of Panhandle,
•
10.000
underwritten
Address—831
Such purchase offer will
companies.
shares
lative
according to a plan adopted by the
.stockholders on March 27, 1944, the right
■
,
& Co.,
Mokan of the indebtedness, it will offer to
each holder of its common stock or class B
•
-
Hutton
B
10
class
expire on Aug. 21, 1944.
Net proceeds will be used
to
$5,050,000 indebtedness to banks
,surance
&
at $30 per
share
each
of
with
will
surplus
will
1944.
each; Blyth
&
Co., Inc., 3,000; Merrill
Lynch, Pierce, Fenner & Beane, 2,500; Mil¬
Inc.,
of
Holders
and t><
company
class B stock of'Mokan
on basis of one
of Panhandle for
chare,
Co.
E.
July 12 are given the right to
pro
rata,
163,710
shares of
purchase,
common
'
t
Line
Pipe
stock and
common
of
addi¬
Higginson Corp., 10,000; Smith, Barney
Co., and the Wisconsin Company, ,5,000
hill, Noves.& Co. and E. H. Rollins & Sons,
30,000 shares each, and Stein Bros.
par
registered are issued
and are owned bv Mis-
'
.
without
stock,
common
shares
The
value.
usrd
The common stock being offered
is that purchased bv the underwriters from
the company pn July 1, 1944, the net
pro¬
ceeds, from the-.sale at that time were re¬
at $42,50 per share.
EASTERN
first
proceeds
were
ments.
in
ceived by the company.
PANHANDLE
•
4%
The
securities
to purchase'the California
1944.
29,
Offered July 11
Details
1944.
21,
Co.,
mortgage
Shops of America, Inc., a whollysubsidiary.
Merrill Lynch, Pieice,
& Beane head the group of under-
; Lerner
Underwriters
of
7%
Casualty Co. for investment.
Filed May
29, 1944.
Details in "Chronicle," June 8,
tional conversion facilities of the corpora¬
tion's United States plants and to augment
temporaneously with the issue and
transaction the company sold
underwriters 150,000 shares of com¬
stock at
$11,375 a share, and sold to
year
by Joseph J. Lerner, presi5,000
shares
by
Associated
and
dent,
balance
provide
the
'
'
to
23
of th^
the
mon
the
for
at
lower.
was
value
the
Of the shares regis-
shares
latter
$1,800,000,
prior to this
registration statement for 35,000 shares of
30,000
The
be used
old
ment
rata basis at $8 per share.
pro
and
shares
erection
as
June
physical
properties
Rotary Electric Steel Co. (Calif,). On July
company purchased from the Cali
fornia corporation, all the physical
prop
; common
tered
Company
1,1944,
the
cent new financing.
1944. Details in "Chronicle,'
offered
ev-jr
filed
Canada.
will
working capital.
Light
ventories
has
Moseley & Co.
principal underwriter
ROTARY .ELECTRIC STEEL CO., DEL
a registration statement for
150,
$13.50 per share.
CORP.
inter
plus
S.
has filed
at
STORES
Ontario,
proceeds
the
Offered July 12 1944, the preferred stock
at $101 per share and the common stock
XERNER
F.
named
Filed June 29,
•
'
t
$360,000 in premiums,
respectively.,.
July 13, 1944.
,
•
capital
wholly-
the
will
first
lien
and
refunding mortgage
bonds, series B, 5%, due May 1, 1957, and
$18,000,000 to redemption on Sept. 9, 1944
of 20-year 5%
debentures.
The last two
'
-
corporation's
subsidiary,
a
proceeds
Price
000
common
shares registered ar^
and do not repre*
'sent newTinancing by the company.
;i
r
Underwriting—Underwriters
are
A. G.
Becker & Co., Inc., Chicago; Merrill Lynch;
Pierce, Fenner & Beane, New York; H. M.
"Byllesby & Co., Inc., Chicago; Centra)
■■■'■*
Republic
Co.;' Inc.,
Chicago;
Graham^
.Parsons & Co., Phila.; Hallgarten & Co.;
« New
Yorkt Shields & :.Co., New .York;
Stroud & Co., Inc., Phila.; A. E. Masten &
.Co., Pittsburgh; Milwaukee Company, Mil*
waukee; Moore, Leonard & Lynch, Pitts¬
burgh; William R. Staats Co., Los Anr
v
geles; .Stein Bros. & Boyce, Baltimore:
: Edward
D. Jones & Co., St. Louis; Singer,
Deane & Scribner,/Pittsburgh;
Frank B.
Cahn
&
Co.,
Baltimore,
and
Newhard,
■Cook & Co., St. Louis.
Filed June 9, 1944.
Details in "Chronicle," June 15. 1944.
,
the
stockholders
on
&
approximately $6,000,000 from the general
following pur¬
poses: payment at maturity May 1, 1945,
of $14,000,000 first consolidated
mortgage
5% bonds; to pay at maturity $6,000,000
first lien, and refunding mortgage bonds
series A, 6%, due May 1, 1947;
$10,000,000
to redemption on Nov.
1, 1944, of $10,000,
CORPORATION filed
50,009
to
Canadian
1944,
Net
bleached sulphate pulp mill at Penin¬
a
their
present
Lee
funds of the company to the
j
and
a
25-
1969.
-
$100,
siock,
received
ber of
new
a registration statement for 27,736
shares
•5V4 %. ^cumulative
preferred
stock,, par
•value
advances
sinking fund debentures due Aug. 1,
Company plans to refinance its en¬
outstanding debt by the issuance and
sale to the public of $12,000,000 debentures
and the concurrent issuance and
private
sale of $30,000,000 general
mortgage sink¬
ing fund bonds, 3%% series, due Aug. 1
of
STORES
be
the sale by the corporation, prior to
1, 1944, of $5,000,000 debentures, will
used principally
to
finanqe, through
the
$12,000,000
to
A,
and
6%
cumulative
preferred
stock, series B, the privilege of
exchanging
share
1969.
subscrip¬
Right6 expire July 25.
July 12.
for
the preferred
series
and additional trucks.
1944. Details in "Chronicle,"
25.
tire
Hornblower &
July 13 at 100
for
statement
of
proceeds
May
year
of
control
stockholders
to
be
discretion of the
BROOKLYN UNION GAS CO. has filed
registration
the
"Chronicle,'-
offered
share
per
HOWARD
of
in
on
Oct.
sula,
Gauge
associates
interest.
tion
•
and
March
Details
at the
sale
from
un¬
TUESDAY, JULY 18
Co.
Hornblower
principal underwriters. Filed
May 31, 1944.
'June 8, 1944.
J
accelerated
effective,
when
and stock will be applied, to:
with additional funds
from
the
company's treasury, to repay a $3,000,000
temporary bank loan which was incurred
.
become
course
the
together with the
of
gether
.
ceeds from
twenty
owned
debentures
•
than
price
time
the
from
registration
less
SEC.
the debentures will be filed by amendment.
.
normal
less
whose
filed
grouped according to dates
registration statements will
ago,
which
on
warrants
amendment.
issues
were
Filed May 19,
EXCESS INSURANCE CO. OF AMERICA
nas filed a registration statement for 48,981
shares
of
capital
stock
(par
$5).
Shares are to be offered for subscription to
statement for 50,000 shares of 5% cumula¬
tive preferred stock (par $100).
The pro¬
share for. each
one
The
of
statements
will
be
filed
by
The public offering price of
subscription
1
CORPORATION, successor
to Marathon Paper Mills Co. by
change of
name July 6, 1944, has filed a
registration
NEW FILINGS
filed
,
MARATHON
OFFERINGS
c"
warehouse buildings
THURSDAY, JULY 20
Calendar Of New Security Flotations
271
total stock to be offered.
&
make
up
the"1
Harriman Ripley
Co., Inc., N. Y., principal underwriter.
preferred
stock
($100
par)..'
Filed Mar 29, 1944. Details in "Chronicle,"
Company is offering to holders of its outcumulative
»...0
standing
7%
--
cumulative
—
a
preferred
stocn,
P
iqa4
»
THE
272
Dewey's Eleclion A Cerlainly, Says Griswold—
Lauds N. Y. Governor's Record As Administrator
speech placing Gov. Thomas E. Dewey of New York ?n
nomination for the Presidency at the Republican National Convention
his
In
Dwight Griswold of Nebraska stated that
not merely choosing a candidate we
are choosing a nominee who cannot fail to win.
Most of the next
Administration," Gov, Griswold noted "will be a peace-time Admin¬
istration.
The direction of the*
'
,„
June 28, Gov.
at Chicago on
naming this man we are
"in
b'chantedtvl^comlnTelecdirection here at
home*
We are here to name as
President a man whose character
our
our
change
record
and
this nation
to
a
give assurance that
will now go forward
In our July
98, we give the ad¬
greater future."
<5 issue,
page
dress of Gov.
Dewey accepting
Republican nomination for
the
Presi¬
dent.
Alluding to the job Mr. Dewey
has done as Governor of New
told the del¬
egates at the Convention on June
28
that
"under him
as
Gov¬
ernor,
New York accepted its
■state responsibility. The result is
all-out support of the nation's
York, Gov. Griswold
went on to
He
war."
say:
taxes
Federal
"While
were
mounting, the taxpayers of New
York were saved $45,000,000 in
state
tem
New
so
The entire tax sys¬
humanized, and today
York's one-page tax report is
taxes.
was
simple as to baffle no one—
bureaucrat.
except a Washington
Jr^me^GoTrn^ir'these
money,;;
tion has built
An
the
and what a man to do these
money
said that "working
further
of
proud that your ideas as to equal
total
and
opportunity and equal pay prin¬
ciples were recently incorporated
in a recommendation adopted by
the International Labor Organiza¬
holdings of such securities reached
job!
People said that after being en¬
and the plan¬
20
for
trenched
York
you
years
The
City.
work.
ning of those Governors were
characteristic of this wartime Re¬
tunity."
He
investments
new
76%
for
accounted
curities
got
war
;
him
Under
Governor, New
as
York accepted its state respon¬
has been
The men sitting sibility. The result is all-out sup¬
locked up for the day when the publican party.
around that table were typical of port for the nation's war.
boys
return—to stimulate jobs
the vigor of war-time Republican
While
Federal
taxes were
nnd to open the door of oppor¬
leadership. The best proof of what mounting, the taxpayers of New
That
000,000.
net increase of $1,140,000,000 since
Government se-w
"United States
housecleaning this na¬
a
tion needs,
a
1, said the Institute, which added:
Jan.
Sing Sing.
What
$33,410,000,000,
vestments were
today is in
Jimmy Hines
together as a team, he and the
Legislature of his state have pro¬
vided a model program for the
that leadership
tion
be
can
will do for the na¬
in what such
found
leadership has djone
for the states.
there
selfish ambi¬
These Governors were not
York
State
tem
,
was
were
that
and
humanized,
York's
one-page
wanted
about
Legislature
the
and
to
once
the
name
It
is
captain
not
our
sons
and daughters
former New York Industrial Com¬
missioner.
Miss
the
dealing,
change
seriousness
instead of
that kind
to
of
purpose
flippancy, faith instead
short, the American people
want
ter
a
leadership which
their
difficulties
can mas¬
and
revive
their hope.
The
a
ties
and
offset
Republican party can fur¬
hard
has been
of all the
women
in important administra¬
tive posts in Washington, said ad¬
him
government
is
—
crooks.
a
here
man
to
record
ward to
who
are
The
afraid of him.
man
they
crooks
or
are
Demo¬
you,
a
as
again confronts in¬
dustrial women, she is said to be
to
» i.
-
the
a
United
than
down
co-worker with her in in¬
a
labor relations.
ternational
As
representatives of
of two
one
the Women's Trade Union League,
States
were
who has long
younger woman
Anderson
-Miss
Paris at
to
went
the close
of the first World
and
instrumental
was
War
in getting
Schneiderman,
Rose
Miss
talked
with President Wilson on the part
which
Dept. Of Labor
,
Commendation
of Miss
of
of
the
services
Mary Anderson, Director
the
Women's
Bureau
the
of
United States Department of La-
contained in
by President Roosevelt,
years, was
testimonial
a
dinner
to
Miss Anderson in Washington on
June 28. The dinner, tendered by
Frances Perkins, Secretary of La¬
bor,
attended by several hun¬
dred co-workers. In praising Miss
was
Anderson, who retired as head of
the Bureau on June 30, President
They, I know, will join with me in
well-deserved praise of a capable,
conscientious and courageous pub¬
lic official who, on retiring to
vate
leaves
life,
constructive
a
pri¬
monument of
the
in
achievement
best interest of millions of women
earners."
wage
"even
that
in
retirement,
your
Then
Nations
the League of
this
and
fight
,
the
Labor Organi¬
came
country
stayed out of the League and the
In 1933 Miss Anderson was
ILO.
by the United States Govern¬
to
the
ILO
meeting in
sent
ment
Geneva
The
as
next
official
an
observer.
1934, the United
year,
became
States
a
the
member of
ILO.
Anderson's
Miss
ideas
employment of women
the
on
in¬
were
corporated into the Philadelphia
Convention adopted by the ILO a
few weeks ago.
were:
These principles
;
equality of oppor¬
and women on the
"Complete
tunity for
basis
of
skill and
men
merit,
individual
their
experience.
"Wage rates based
on
tent without regard to
job
con¬
sex.
"Establishing of precise and ob¬
jective standards for determining
job content as a basis for deter¬
mining wage rates."
In
Anderson,
a
labor leader with 18 years
shoe
of
Miss
1917,
woman
factory
from
summoned
experience, was
strike negotia¬
tions in Chicago to take a job in
the
women-in-industry
under
National
the
section
Defense
Ad¬
visory Committee.- She thought it
was
The letter ended with the hope
would play in
women
International
new
zation.
just
a war
job.
She has been
in Government service ever since.
She has recently been a
special
this country to take an important
Government may continue
you
upon
assurance
for¬
role in ILO deliberations in Phila¬
Washington account June
28 to the New York "Herald Trib¬
delphia.
a
une" it
was
stated:
the nominee of the Re¬
v <
letter
some
his
of Miss Anderson's ac¬
complishments, pointing out that
"as
pay
pioneer in advocating
a
for
work
as
women
men
equal
doing the same
you
Miss Miller
was
a
United States
delegate to the Pan-American La¬
President Roosevelt noted in
I give to
future, Thomas E. Dewey,
bassy in London and returned to
workers arise."
Republican publican party, the spokesman of
t
Now that the
task
arduous
for advice and help
when problems affecting women
name
greater future.
campaign.
in the making.
was
assistant at the United States Em¬
past will have its spokes¬
in this
-
;
to call
whose char¬
give
4
helped to formulate what
she thought would be "the brave
new
world" in 1919 while peace
representation
for
women
in¬
cluded in the original draft of the
International Labor Organization.
She
and
her
fellow-delegate,
of his state bor for 25
that this nation will now go
whether
whereof I speak.
and
acter
serious
fie believes in putting crooks in
cratic
are
the'g "Times;"
She
today
In
I like him because of the kind
jail
President
as
business.
of people
We
home.
to
stated:
to retire,
tax report
provided a model program a letter
for the security and rehabilitation read at
has
12
June
vices
job
the
on
which in referring to her intention
Bonds and
Government securities
way.
like him because he
I
nish that leadership, and I know
the
Sweden
of age,
years
longest
than
more
purchases.
other
stocks
which
sales
the
have
good mind., I like the fact that
to
of defeatism.
In
that.
up
16
to
came
been
my
came
United
when
know
he
i,>>
,v;::
who
States from
Anderson,
ready to hand her leadership along
He merely choosing a candidate—we
of administration which will unite was born in a small town in Mich¬ are choosing a nominee who can¬
them, which will remove that con¬ igan. He went through their pub¬ not fail to win. This man will win
fusion
and restore their confi¬ lic schools.
He worked his way because he is faced in the direc¬
tion the American people want to
dence. The American people want
through the university of that
a Republican victory in Novem¬
great state. He went to the metrop¬ go. Most of the next Administra¬
ber, not for the sake of the party, olis of this nation — and made tion will be a peace-time Admin¬
istration. The direction of the war
but for the good of the nation.
good.
vv;.
■■■..,(. 'v /
is already set, and it will not be
They want youth instead of
I like the kind of father he is
decadence, vigor instead of com¬ and the kind of family he has. I changed by the coming election.
But
the
coming
election will
placency, vision instead of cyn¬ like the fact that he says grace at
our . direction
here
at
We Americans believe in change
icism, integrity instead of double- meals.
istration—a
she
Her
*
is Miss Freida S. Miller,
successor
Roosevelt said according to Wash¬
why 29,000 of my own folks out in the war and prepared to be ington advices June 28 to the New
and of the mothers and fathers of in Nebraska, at our primary elec¬
York "Times":
all-out in the peace.
America.
But — today — winning tion—with the names of two great
"Your work over a quarter of a
What a reorganization, what a
the war is the only thing we are Republicans printed on the ballot
revitalizing our Federal govern¬ century has richly earned you the
sure of.
The American people are —took the trouble to take out
ment needs, and what a man to retirement you are taking.
worried—they are worried be- their pencils 29,000 of them, and
"Women workers, from the time
do that job!
cause the confusion and disunity
write in this man's name.
They
of World War I, owe much to you
How
we
need
this
man
to
they see all about them are delay¬ did it because of the kind of man
for your fine spirit of leadership,
ing that victory and undermining he is and the kind of record he choose the ablest Americans—re¬
your rich common sense, your fi¬
their confidence in America's fu¬ has made.
gardless of party — to represent
delity to their interests and your
our country at the peace table!
ture.
;.'y
I can speak of him because he
successful championship of always
In naming this man we are not
They desire a change of admin¬ is my friend. I like him because
practical
rights and
programs.
votion of
;
to
the nation.
is
convention
This
stated,
said
time.
leisure
more
is
she
because
slight decline in over-all hold¬
ings, due to prepayments, maturi¬
of that team.
function to name of war veterans. In this program,
more masters in their own house¬
that captain.
I am here only to for example, every member of the
hold. For that job we have the be the voice of that great mass of armed forces from his state is cov¬
means and we have the man.
the people who know what they ered by unemployment insurance.
On one thing the nation is of want and as a result have turned In none of this has he waited for
to this man.
one mind—we will win this war.
a directive from Washington.
We will win it because of the
But I think I know why the
As a result, New York State
courage, the sacrifice and the de¬ people
have turned to him.
I now has a government that is allAmerican people
the
make
.
restore teamwork to
in¬
it
Anderson,
Miss
retired
a
,
We are here to
of
sense,
common
220,000,000 in the four-month pe¬
riod, other investments showing
to further their own
is so simple as to baffle no one—
rehabilitation of war tions. They were not represent¬ except a Washington bureaucrat.
result, New York
ing special interests.
They were
Through wise handling of . the
State now has a government that not sectional-minded.
They were
public's money, his administration
is all-out in the war and prepared not
class-minded.
They
were
has built a surplus of $164,000,000.
to be all-out in the peace."
there as a team—to work for the
That money has been locked up
nation as a whole.
We give below Gov. Griswold's
for the day when the boys return
speech in full:
They
know — the Republican —to stimulate jobs and to open
We are here to restore the Pres¬ party knows—the value of team¬ the door for opportunity.
work. Republican leadership will
idency of the United States to the
Working together as a team, he
people.
rich
practical rights and programs." *
security and
American
the
fidelity to their interests and suc¬
cessful championship
of always
veterans.... As a
bring Washington, D. C., back
to the Union.
We are here
from
workers
much to her for her "fine spirit
leadership,
$1,-
up
Philadelphia." He also said
women
time of the first World War owed
$45,000,000 in
$10,000,000 and mortgage holdings
The entire tax sys¬ were down
$70,000,000.
taxes.
New
securities
ernment
tion. in
saved
were
invested in mort¬
aggregate of more than $3,000,000,000 was
and securities in the first four months of the year by the life
insurance companies of the country, it was reported on June 29 by
the Institute of Life Insurance.
On May 1 total holdings of such in¬
gages
politician like Tam¬
many's Jimmy Hines.
Well — in
spite of his White House connec¬
not convict a
New
That conversation
administra¬
his
By Life Insurance Cos. In First 4 Mcs. Of Year
He broke it.
tions,
1944
$3 Billion Invested In Mortgages And Securities
corrupt politics and crime.
They said you could
tween
dreams.
surplus of $164,-
a
People said you could not smash
rackets in New York.
He
smashed
them.
They said you
could not break the alliance be¬
the
$13,950,000,000, or 36% of total
could assets of the insurance companies.
without the em¬
not break the Democratic party's During April,
like this, transportation by horse
hold
on
New York
State.
He phasis of any special war bond
is not good enough.
The Amer¬ broke it—with 600,000 votes to drive, the companies purchased
ican people have common sense.
$210,000,000 of United States Gov¬
spare.
ernment securities, bringing the
They have been around. >. When
As Governor of New York State,
four-month purchases of such se¬
they want to go places, when they
what a job he has done!
When curities to
want to get ashore quickly, trust
$2,350,000,000, which is
he took over the state govern¬
them to get off the horse and take
well over the total of all life in¬
ment, it was loaded down with surance
a speedboat.
*
premium payments made
the
bureaucratic growth of 20
On Monday of this week all of
by all United States policyholders
years.
It was cluttered up with in this
period,
those Governors who are here in
political hacks who after that long
"At the same time that the life
Chicago—18 of them—met pri¬ a time
thought they had a vested
insurance companies have contin¬
vately at lunch. The topic of our
interest in their jobs.
ued this important direct Contri¬
conversation, in the midst of this
What did he do?
He selected
bution to the financing of the war
political convention, was not party
a real
cabinet—a cabinet of vig¬
effort, they have maintained their
politics. Instead, we talked about
orous
young men—a cabinet of essential
how we as Governors could step
financing
aid
to
the
honest, able experts.
He gave home front economy," the Insti¬
up the winning of this war; how
them a job to do—and they did tute said.
we could be of greater service to
"They purchased $90,it.
The government of New York
the American people in order to
000,000 of other bonds and stock
State was revitalized until once and $80,000,000 of mortgages" in
achieve, if only one day sooner,
more it is the effective servant of
that all-out victory which will
April. This brought the total pur¬
chase of other bonds and stock in
bring our boys back home.
We the people.
The farmers of New York State the first four months of the year
talked about how we as a team
could plan together to make sure needed help in their fields. They to $430,000,000 arid total mortgage
that our boys come home to jobs, got it.
At a time of manpower purchases in the four months to
to opportunity and to an Amer¬ shortage in the nation, there were $290,000,000."
The Institute also
ica
that
measures
up
to their half a million men unemployed in reports that United States Gov¬
houses. .^ey chang^ ^vetncilessor
"Through wise handling of the
public's
Monday, July 17
COMMERCIAL & FINANCIAL CHRONICLE
may
well be
bor Conference in
in January,
two
United
Santiago, Chile,
1936, and was one of
States
Government
delegates to the ILO convention in
Geneva
delegate
now
in
May,
1936, the other
G. Winadt,
being John
Ambassador to Great Britain,
>1
Volume 160
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4299
State and
273
City Department
BOND PROPOSALS AND NEGOTIATIONS
ALABAMA:;:,'
reports that
.
as
bidder
IV2S.
The
Tenders
not to exceed a
price of 104 and accrued interest.
werp
Refunding Decision Reversed—
The
U.
S.
Circuit
Court
of
Ap¬
which
Court
favored
the
Arizona
for
county in the
litigation pertaining to the legal¬
ity of the call for redemption of
certain
has
road
been
bonds.
before
the
The
matter
courts
ever
since
the
county awarded new
refunding bonds on Feb. 11, 1943,
a group composed of Boettcher
& Co., R. H. Moulton & Co. and
to
of
Bank
&
America
National
Savings Association.
sult
of J;he
recent
As
Court
Trust
re¬
a
of
Ap¬
peals
ruling, the prospect is
complete retrial of the case.
for
ARKANSAS
Arkansas
—
At
proposed initiated act to raise
on a
the State sales tax from 2% to 3%,
with the additional revenue to be
used
principally for teachers' sal¬
aries.
Pium
Weigold & Co.,
Bayou Levee District (P. O.
England), Ark.
Bond
The $150,000 re¬
funding bonds offered for sale on
July 11—v. 159, p. 2460—were
Martin, Burns & Corbett,
Tucker, Anthony & Co.,
R. D. White & Co.,
Sale
awarded
to
—
the
Southern
Secur¬
ities Corp., and E.
L. Villareal &
Co., both of Little Rock as 2y2S,
Bond & Goodwin,
Harvey Fisk & Sons,
Stubbs, Smith & Lombardo,
Singer, Deane & Scribner,
Thomas & Co.,
at
Walter, Woody &
Alameda County,,
price of 100.18.
a
Co.,
Bond
Sale—The
$15,000 school
bonds offered for sale on July 6
-
Inc., and
Milhous, Martin &
McKnight, Inc., jointly,
For $860,000, 4s,
$520,000, l%s, and
$2,470,000, IV2S
-—100.00
—v.
160,
55—were purchased by
p.
Phelps, Fenn & Co.,
basis of about 2.24%.
Hemphill, Noyes & Co.,
Merrill Lynch, Pierce,
Fenner & Beane,
A. C. Allyn & Co.,
Co.,
Otis & Co.,
Chicago,
Steiner Brothers,
Local
Bank,
Post-War
Planning—The
State has made $10,000,000
Montgomery,
Trust Co. of Georgia,
able
to
cities
Atlanta,
Seasongood & Mayer,
Newburger. Loeb & Co.,
Courts & Co., and
its
and
local
avail¬
governments—
counties—to
aid
them
in
drawing up blueprints for post¬
war planning projects and to pur¬
chase project sites.
Local offi¬
cials believe this state aid—to be
Kingsbury & Alvis,
jointly,
r > For $1,100,000, 4s,
unique outright grantlocal matching basis—will result
in the development of plans and
specifications for projects totaling
between $200,000,000 and $250,given
.
$560,000, l%s, and
--100.03
Chemical Bank & Trust Co.,
on a
000.
York,
In
;:ylV:
making the
money
Ov:V;,
available,
Salomon Bros. & Hutzler,
California becomes the third state
Mercantile-Commerce Bank
to
Co., St. Louis
Co.,
financial respon¬
helping cities and
problems involving
unusually heavy locdl expendi¬
tures in preparing for the future,
the American Municipal Associa¬
tion reports. The other states are
New York and Michigan, the lat¬
ter
only recently appropriating
Inc.,
Co.,
—100.15
Huntsville, Ala.
for
1 $5,000,000 for the use of local gov¬
ernments in drawing up post-war
plans.
j
Tendered—N. M.'
Payne, City Clerk and Treasurer,;
No
some
counties solve
Alexander Brown & Sons,
$2,330,000, 13/4S
assume
sibility
L. F. Rothschild &
J.
Bonds
Post¬
a
consisting of the state finance di¬
rector
of
to
be
supplemented
Federal
by
Government funds to make
a
chairman, the director
works, • the director of
as
public
and, insofar as he may
constitutionally act, the legislative
auditor.
The
board
prescribes
rules and regulations for the gen¬
eral administration of the act
emphasized in the lan¬
the act that the $10,000,000 is provided not for con¬
struction of public works but for
the
preparation of engineering
plans and surveys and for the
acquisition of sites and rights-ofwas
Ultimatum
Hetch
Given
Hetchy
appearing
the
in
sented
the
San
when and
later require.
program
may
tives
of
the
act
conditions
as
Twin
objec¬
expedite
to
are
the construction of necessary pub¬
lic works and to provide useful
employment
under
such construction
on
system
a
rather
of
than
private
under
con¬
the
old
type of WPA make-work projects.
The $10,000,000 will be distrib¬
uted
follows: First, each county
(which includes incorporated
cities) will be allocated $10,000
as
area
regardless of population for draw¬
ing up plans, and $6,000 for site
ourchase;
the
balance
of
both
funds
then
will
the county
basis.
each
re-allocated
be
allocated
areas on a pop¬
Second,
county
on
basis.
county
the
total
gets is
area
the basis of cityOn this basis, the
percentage of funds made avail¬
able to each county area will vary
—smaller
in metropolitan areas
and
An
act
interesting
is
Miami Beach First National Bank
an
of
28
"The
pre¬
ultimatum
from
the
but
ap¬
more.
Interior
was presented
Undersecretary of
by
Abe
Fortas
at
a
'
18,000 3% refunding bonds. Due
July 15, as follows: $8,000 in
1971, and $10,000 in 1972. Op¬
tional for redemption by the
city upon terms of par and
accrued interest on any in¬
terest payment date .prior to
maturity, in whole or in part
in
confer¬
the inverse order of their
numbering.
with
Mayor Roger D. LapDated April 15, 1944.
Dehorn.
ham,
Utilities
Manager
E.
G.
$1,000. Principal and interest pay¬
Cahill, City Attorney John J.
able at the Trust Co. of North
O'Toole, and Assistant City Attor¬
America, New York. The bond3
ney Dion Holm.
will be sold to the responsible
"Mr. Fortas declared that, un¬
bidder offering to pay par and
der terms of a U. ' S. Supreme
accrued interest and the largest
Court decision, the city could not
premium. Each bidder must agree
ence
sell its power to the Pacific Gas &
to
Electric
before July 15, in order that
the bond proceeds may be avail¬
able to pay the bonds to be re¬
the
P.
Company
G.
&
E.
in
for
resale
by
the
event
the
Riverbank aluminum plant which
buys
accept delivery
on
of the
bonds
or
city's funded thereby which have been
called for redemption on July 15.
"The
high court, Mr. Fortas The approving legal opinion of
warned, has held sale of the pow¬ Chapman & Cutler, of Chicago,
will be furnished the purchaser
er to a private company to violate
now
power,
nearly all
is shut, down.
the
-
'
Furthermore, Mr. without cost.
indicated1" that Mr. Ickes
The next highest bidder was:
would oppose any move in Con¬ Stranahan, Harris &
Co., Inc., Sul¬
gress to amend the Raker Act to livan, Nelson & Goss, and Cohu
& Torrey jointly, at a price of
permit such sale.r/;:
the Raker Act.
Fortas
.
city could 100.822.
provide
North Miami, Fla.
city power for operation of the
Bond Issuance Sought — The
Municipal and Market Street rail¬
Town requested the Circuit Court
ways, Mr. Fortas replied that it
recently to approve the issuance
would 'depend on the details of
of $365,000 3 and 3%% refunding
the plan.' '
bonds. Paul D. Barns, Judge, fixed,
"Mr. Fortas suggested two ways
Aug. 4, as the date for resp >nse by
out of the city's dilemma—a bond
fctate Attorney Stanley Milledge. ,'
issue to finance city purchase of
St. Petersburg, Fla.
the P. G. & E. transmission sys¬
"Asked whether
use
P.
G.
&
E.
the
lines
to
of
the
tem
which
the
has been voted down in city elec¬
—Fifteen
tions) and
taining statistical data and fiscal
feature
in
manner
state aid is
or
:
ultimatum
yesterday
Due
states
were
representatives of Harold L. Ickes,
Secretary of the Interior. They are
continues:
3V2% refunding bonds.
July 15, as follows: $21,000 in 1946 and 1947, $22,000
in 1948, $23,000 in 1949, $24 000 in 1950 and 1951, $25,000
in 1952, $26,000 in 1953, and
$19,000 in 1954.
$205,000
article
Francisco
of June
city officials
with
Use
on
Power—An
"Call-Bulletin"
that
of
large post-war public works
very
syndicate composed
Co., of Miami Beach,
& Co., of New York, the
a
of Atwill &
Allen
of Miami Beach, and Corrigan &
$50,000 to $60,000 for the Co., Inc., of Miami, paying a price
project.
of 101.50, a net interest cost of
about 3.17%, as follows:
San Francisco, Calif.
and,
applications for to find a way to market Hetch
aid in the purchase of sites, re¬ Hetchy power by Aug. 28 under
views and approves or disapproves the Raker Act, or . face shutdown
such applications.
of this power output. The article
It
offered
awarded to
total
with reference to
guage
Sale—The $233,000 bonds
for sale on July 8, were
given—on
outright
an
grant-local matching basis. A local
agency may ask the board to ap¬
prove the payment of the entire
(a
which
plan
the
an
which
arrangement under
city would
Informative
repeatedly
use
P.
G.
facts
in
Booklets
hundred
Prepared
booklets
with
connection
con¬
St.
& E. facilities to distribute power
Petersburg, Fla,, were mailed on
to meet municipal power needs." July 1 to bond dealers and invest¬
Butte County,
Biggs-West Water cost of the
preparation of a plan
ors
throughout the country as a
or acquisition of a site out of
FLORIDA
District (P. O. Oroville), Calif.
the
means of creating interest in the
Bonds Voted—A recent election minimum
$16,000 available for Escambia
County (P. O. Pensa- city's offer of $18,000,000 refund¬
resulted in favor of issuing $640,- allocation within the
county area.
ing bonds scheduled to be sold
cola), Fla.
000 refunding revenue-bonds, it is There can be no
waiver of match¬
July 15.
Bond Call—State Comptroller J.
reported.
ing, however, of the money allo¬
The booklets were prepared by
M. Lee, as Secretary of the State
cated on the population formula,
California (State of)
Dixie Hollins and A1 Roberts, Jr.,
of
Administration,
an¬
under which most of the funds Bbard
Appropriates
$10,000,000
For will be
nounces that
the State Board of the city's bond consultants.
,
jointly,
For $1,100,000, 2%s,
$420,000, IV2S, and
up
proximate one-half
Stone & Webster and
Kean, Taylor & Co., and
Johnson, Lane, 'Space &
sets
larger in rural counties
tending on the average to
Aug. 1, 1944. Denomi¬
$1,000.
Due $1,000 from
Aug. 1, 1945 to 1959. No other bid
was
received, according to the
County Clerk. The issue was sold
as
2V4S, at a price of 100.074, a
Among the other bidders were:
Braun, Bosworth & Co.,
also
nation
Lehman Bros.,
& Trust
for
cisco. Dated
Hannaford & Talbot of San Fran¬
-
New
act
ulation
Valle Vista Sch.
Oakland), Calif.
Hialeah, Fla.
Bond
of from
amount
Dist. (P. O.
$2,190,000, l^s
ad¬
Public Works Review Board
among
CALIFORNIA
•,}[ H^imerdinger,
s
The
war
tract
Spencer Trask & Co.,
-
act
way as steps necessarily prelim¬
inary to the later initiation of a
(State of)
the general election in November
the voters are scheduled to pass
Hornblower & Weeks,
First National
the
commission
District
Rollins & Sons
Illinois Co.,
for
and
controller
of
Reconstruction and Reemployment
S.
Sales Tax Hike Proposed
Charles Clark &
state
U.
Corp.,
Blodget, Inc.,
Eastman, Dillon & Co.,
the
peals for the Ninth District re¬
cently reversed decision of the
next highest
William R. Compton &
and
auditing.
Maricopa County (P. O. Phoenix),
V'"'.v Ariz.
York,
Shields & Co.,
It. W. Pressprich & Co.,
Estabrook & Co.,
Marx & Co.,
Paul H. Davis & Co.,
Chas. E.
000,000, of which $6,875,000 will Los Angeles County, West Whittier
School District (P. O. Los
to cities and counties to help
finance engineering plans and sur¬
Angeles), Calif.
Bonds Voted—An election held
veys; $3,000,000 for the acquisi¬
tion of project sites; $125,000 to recently resulted in favor of, is¬
the state department of finance
suing $12,000 construction bonds,
go
ministration
ARIZONA
New
H.
re¬
July 7 of the city's desire
to
purchase
$1,091,000
electric
system revenue anticipation bonds.
was:
Union Securities
E.
were
issued
'
1970,
tenders
no
ceived in connection with the call
Birmingham, Ala.
Bond Sale — The $3,850,000 in¬
dustrial water works refunding
bonds offered for sale on July 12
v. 159, p. 2571—were awarded to
a syndicate composed of Blair &
Co., Inc., Halsey, Stuart & Co.,
Lazard Freres & Co., Ward Sterne,
Agee & Leach, of Birmingham,
Graham, Parsons & Co., of New
York, R. S. Dickson & Co., of
Charlotte, Weil, Roth & Irving
Co., Provident Savings Bank &
Trust Co., both of Cincinnati, A.
Webster
Dougherty
& Co.,; of
Philadelphia, Mullaney, Rdss &
Co., H. M. Byllesby & Co., both of
Chicago, McDaniel Lewis & Co.,
of.
Greensboro,
First
National
Bank of Si Paul, and Piper, Jaffray & Hopwood, of Minneapolis,
at a price of 100.025, a net interest
cost of 1.6837%, as follows: For
$500,000 maturing $100,000 Aug. 1,
1945 to 1949, as 4s, $600,000 ma¬
turing $120,000 Aug. 1, 1950 to
1954, as 3s, and $2,750,000 matur¬
ing Aug. 1, $140,000 in 1955 to
1958, $160,000 in 1959 to 1962,
$180,000 in 1963 to 1967, $200,000
in 1968 and 1969, and $250,000 in
a
available
available.
of
sum
On
this
$912,000 will be
as
grants to California's
57 counties,
leaving $8,963,000 to
on a
matching basis
be distributed
to the
various
county
areas
on
a
population basis.
No
over
state
funds
will
be
turned
to local
agencies in advance
of the actual beginning of work
or
the actual
acquisition of a
site, however; funds will be given
only after an application for a
specific project has been properly
submitted to and acted upon bv
the public works review
board,
and work actually begun
by the
lo^al
for
state's
gresses
cost
time
of
(unless
outright)
plans
on
of
the
a
then
pro¬
partial payment of the
share
granted
ment
The act
agency.
vides
when
proceedings
the
is
work
and
state's
site
money
as
for
is
the
acquisition
at
the
in
the
payment
for
next
step
the site, as. distinguished from pro¬
or
tion 16 of Article IX of the State
view
of Central
Constitution, has elected to exer¬
cise its option to call for payment
on
Aug. 15, Road Paving bonds
Nos. 1418 to 1465, 1471 to 1473,
1482 to 1485, and 1490 to 1495, to
the amount of $61,000. Dated Aug.
other
a
condem¬
Avenue and the
panoramic air view of the
city.
West Palm
Beach, Fla.
$3,845,000 re¬
funding of 1944 bonds offered for
sale on July 11—v. 160, p. 55—
15, 1921. Denomination $1,000. Due
were
awarded
to
a
syndicate
Aug. 15, 1951.
Holders of said
headed by B. J. Van Ingen & Co.,
bonds are notified to present their
of New York,
and Thomas M.
bonds, with all interest coupons
Cook & Co., of West Palm Beach,
attached, to the paying agent, the
and consisting of Sullivan, Nelson
Guaranty Trust Co., New York
& Goss, Emerson C. Cook & Co.,
City, where redemption will be
Truman A. Lifsey Co., all of West
made at par, plus accrued interest,
on
date named.
Interest ceases Palm Beach, John Nuveen & Co.,
on
Bond
Sale—The
of
Chicago, Churchill, Sims & Co.,
York, Leedy, Wheeler &
Co., of Orlando, Clyde C. Pierce
Aug. 15.
of New
Florida (State of)
pay¬
of
the
In addition to the statistical and
Administration, successor to the
of County Commissioners other data, the booklets contain
of Escambia Co., Fla., under Sec¬ two full-page cuts, one a general
Board
pro¬
share
the California program ceedings for purchase
Legislature appropriated $10,-* nation;
Under
the
made
basis,
Corp., of Jacksonville, Stranahan,
Harris & Co., Inc., of Toledo, C. S.
s h u m
Co.,
of Minneapolis,
tion, on July 7, invested $1,000,- Shields & Co., of New York, Comr
000 in Federal War Bonds.
The merce Union Bank, of Nashville,money came
from gasoline tax McDougal & Condon, of Chicago,
War
Bonds
Purchased
—
Flo¬
rida's State Board of Administra¬
funds which
are
held here to the
credit of 26 Florida counties.
A
Municipal Bond
of
Memphis,
Investment Co.,
Cohu
&
Torrey,
THE COMMERCIAL &
274
Co., both of New
&
Allen
York, nually, out of which said annual
provision is re¬
amounts so raised
The State Auditor declared
of)
Illinois (State
the
Balance
Sets
Record — The State of Illinois
started a new fiscal year July 1
Fund
General
tand Atwill & Co., of Miami Beach.
quired to be made for the pay¬
The group paid a price of 102.00
ment of the principal and inter¬
for the bonds divided as follows:
est of the bonded debt of said with its biggest general revenue
$751,000 Series A bonds bearing City and County. The real prop¬ fund treasury balance — about
interest at 3V2% from Aug. 1,
erty tax levied against taxable $98,000,000, exclusive of Federal
1944 to Aug. 1, 1950, and 3%
property in the City and County funds. The balance included $75,thereafter to Aug. 1, 1972.
for the City and County require¬ 000,000 segregated in a fund in¬
3,094,000 Series B bonds bearing ments for the year 1943, including vested in Federal securities and
interest at 3M>% from Aug. 1, the
general fund, and principal, $23,000,000 listed as a working
1944
to
Aug. 1, 1950, and interest and sinking funds
for cash account to pay current bills.
3 V4%
thereafter to Aug. 1, bonds, issued for other than high¬
Governor
Green
has recom¬
1979.
way purposes, is $4,000,000.
The mended that surplus state money
The interest payable on each in¬ personal
property tax levied be kept intact for post-war use. A
terest payment date on the serial agains$ taxable value of personal spokesman for the treasurer's of¬
bonds maturing in the years 1945 property in the City and County fice, which made public the fig¬
to 1950, inclusive, and the interest for the City and County require¬ ures, said the state's financial con¬
payable on each of the first 12 in¬ ments for the year 1943, including dition is the best'in its history.
terest payment dates on the re¬ the special school fund and cer¬
The general revenue fund bal¬
maining serial bonds and also the tain mandatory items of the gen¬ ance
gained about $10,000,000 last
interest payable on each of the eral fund, is $2,000,000.
Each bid
month, he said, chiefly from an¬
first 12 interest payment dates on should set out clearly the total
nual payments of insurance, cor¬
all of the term
bonds will be pat value of the bonds desired
poration and liquor license taxes.
represented by two interest cou¬ and the amount, together with ac¬ It reached $98,000,000 on June 30
pons bearing the letters A and B. crued interest to date of delivery, and headed for the hundred mil¬
All such coupons bearing the let¬ the bidder offers to pay therefor.
lion mark. A year ago it was $64,ter B and appurtenant to the se¬ Principal,
interest and
sinking
000,000 and two years ago it was
rial bonds will be for $2.50 each, fund requirements of bonds issued
nearly
$38,000,000.
Midway
and all of the remaining coupons for highway purposes are paid out
through 1941 it stood at $10,600,appurtenant to the serial bonds of a fuel tax on gasoline. There 000. Official figures on revenue
will be for $15 each. All such cou¬ are at present no highway bonds
and
expenditures for the fiscal
Unless
otherwise
pons bearing the letter B and ap¬ outstanding.
year just ended are not yet avail¬
stated in the bid, each bid will be
purtenant to the term bonds will
able.
be
for
$1.25 each, and of the understood as an offer for all or
During June, $30,000,000 was
remaining coupons appurtenant to any part of the total amount of
transferred to the general revenue
the term bonds will be for $16.25 bonds for
which application is
from
*each.,
No
made.
,
,
;
will
than
less
for
bid
,
par
Bonds will be
may
be mutually
accepted.
be
funds
delivered
as
York City.
-
bonds
These
of
authority
the
.
Chicago Board of Education (P. O.
issued under
an Act of the
are
Congress of the United States en¬
titled "An Act to provide a Gov¬
of Ha¬
April 30, 1900, and
acts amendatory thereof; and pur¬
suant to Act 76 of" the Session
ernment for the Territory
waii" approved
Laws
of
1941, approved
Hawaii,
April 23, 1941.
Chicago), III.
\
Warrants Called—It is stated by
McCahey, President of the
Board of Education, that he called
J.
B.
the
of
s-
T-109 to
from
taxation under the Federal In¬
come Tax Law and by a decision
bonds
These
Court
States
United
the
of
exempt
are
Supreme
exempt from
are
taxation
by any State in the United States
or
any
municipal
of
division
any
bonds
same as
or
political sub¬
such State, the
or
other obligations
(See Farm¬
ers' and Mechanics' Savings Bank
of the United States.
of Minneapolis vs.
to their
legality by Wood, Hoff¬
man,
and
&
King
York
be
warrants
required to pre¬
of Educa¬
were
tion, City of Chicago, Room 356,
228 North La Salle Street, ori or
July 10, 1944, in order that
before
same
could be verified and inter¬
computed
est
that
so
rants drawn on the
be
can
of.
cash
war¬
City Treasurer
payment there¬
issued in
Dawson,
of
New
successful bidders will
furnished with the opinion
Cisne
The
an
election held in
of
Wood, Hoffman, King & Dawson,
Bonds Voted—The City
York, that the bonds are
valid and legally binding obliga¬
tions of the City and County of
Council
recently voted to issue $214,000
airport acquirement bonds,
ac¬
Honolulu, and for the payment of
cording to report.
of New
and
bonds
said
interest
thereon
ad valorem taxes within the lim¬
its
the
prescribed by the statutes of
Territory of Hawaii must be
Col¬
K.
Gilbert
East St.
Louis, III.
—
corrections,
following comparisons
the latter year's
1942-43,
being
first:
given
Beer
$2,876,684.
.
Nellie Mygatt,
—
receive bids until
July 26, for the purchase
$54,000 airport bonds, author¬
of
ized at the election in
Sioux City,
Certificate
June.
Iowa
Offering—C. A. Carl¬
City Treasurer, will receive
bids until 2 p.m.
for the purchase of
$25,000 bridge certificates. Dated
June 1, 1944. Denomination $1,000. Due Dec. 1, as follows: $5,000 in 1944, and $10,000 in 1945
and 1946.
Bidders to name the
rate of interest and dll other con¬
ditions
being equal, preference
will be given to the bid of par or
better offering the slowest
cou¬
fis¬
20,
July
rate.
Principal and interest
payable at the City Treasurer's
pon
office.
Enclose
a
certified check
for 3% of bid.
of returns
KENTUCKY
Hazard, Ky.
Offered
Bankers Bond Co.,
to
Public—The
and Stein Bros.
&
Boyce,
Bridge Commission, Ky.
Prospect—In
Redemption
Louisville
Association,Henry Offutt, President of the
Kentucky Trust Co., stated thatreport filed with the
Area
Development
there
is
good reason to expect
outstanding balance of
$1,413,000 bridge bonds will be
retired
not
later than July 31,1948. and perhaps as early as Oct.
31, 1946. The last of the bonds:
the
that
is
scheduled
not
1955.
Mr.
have
set
as
his
forth
statement of
in
is
reported
estimate
condition
its
Heinze,
bridge
balance
sheet
April- 30, 1944.
Offering
City
to
the
on
the
of
Prestonburg, Ky.
Bond
until
mature
to
Offutt
based
financial
—
Clerk,
Mrs
will
sealed bids until 8 p.m.
/
,
F.
>
L.
receive
(EWT)
on
July 17, for the purchase of $117,000 3V2%
water works revenue
refunding bonds.
1944. Due Aug. 1,
to
Dated Aug. 1,
follows: $3,-
as
1945 to 1951, $4,000 in 1952
1958, $5,000 in 1959 to 1963, $6,-
1964 to 1969, and $7,000 in
Principal and interest (F-A)
payable at the Kentucky Title
in
000
the previous
State Auditor Richard T.
Debt
000 in
119,000
Balance at New
Louisville
a
t
both of Louisville, are
jointly for public sub¬
James announced on July 6 that a offering
general fund balance of $43,113,- scription, priced at 102.97 to 104.00
657.45 on June 30, the end of the the following bonds:
Peak
the
topped
minor
to
consumption taxes, $1,467,585 and $1,624,486; distilled spirits
consumption, $3,050,739 and $2,468,563; distilled spirits produc¬
tion, $1,105,654 and $12,561; cor¬
poration income, $3,708,425 and
$3,351,590; individual income, $4,-
will furnish the bonds
approving opinion.
<
Bonds
Fund
also
year.
figures for the 1943-44 fiscal year
8 p.m. on
year.
General
levies
Subject
city
City Clerk, wil
1942-43
exceeded by
the number filed for
Clinton, III.
and
bonds.
Bond Offering
ended June 30 set a new
$40,838,398.04.
He said
this total was $6,602,239.51
1,264,166
1942-43
sealed and open
A new record number
of
election on
Shenandoah, Iowa
record of
June, it is
-"if
from amusement and
revenue
cigarette
Offering—Frank Gibbons,
and the
fiscal year and more than $30,000collections the first
$95,- 000 above
voted year the law was effective.
reported.
and
year.
k:
1951, and $1,600 on Feb. 1 and $1,It was explained that revenue
on Aug. 1, 1952. Bidders shall
from
corporation income taxes
name the lowest rate of interest at
during the calendar year of 1943;
which
they will purchase said
exceeded that of 1942, but dif¬
bonds, at par plus accrued inter¬
ferences
in
deferred
payments
est. The bonds will be sold sub¬
caused a drop when reported on a
ject to the approving opinion of
fiscal year basis.
McCash & Bookin, of Ottumwa.
High School District, III.
000 construction bonds were
antici-.
650
.
'Bonds Voted—An issue of
been
.
Although
distilleries
turned
from whisky making to war alco-,
Clerk, will receive sealed
hoi
production
with a
conse¬
and open bids until 10 a.m. on
quent fall of revenue there, the
July 19, for the purchase of $25,income from licenses for sale of
250 fire equipment bonds. Dated
whisky increased, with $468,280'
Aug. 1, 1944. Due $1,500 on Feb.
collected from that source, com-'
and Aug. 1, in 1945 and 1946, $1,pared to $433,386 the previous
600 on Feb. and Aug. 1, in 1947 to
son,
collections for the
had
than
more
City
cal year
that
000
pated.
Largest drop in receipts was in'
whisky taxes, but individual in-7
come taxes soared to a
new high
Ottumwa. Iowa
fund
July 3 that collections for the
the
as
being
Bond
Hewitt, Director the State Gross
Income Tax Division, reported on
above
at
—
less
was
however,
Suggested—Petitions 202.826 and $4,410,486; inheritance,
circulated urging an $1,314,379 and $5,501,637; fran¬
election on the question of issu¬ chises, $1,510,205 and
$1,328,529;.
ing $25,000 swimming pool con¬ amusements, $863,199, and $1,072,445:
struction bonds.
cigarette,
$2,495,706
and
(State of)
Reported
decrease
amount collected was over $800.-;
Humboldt, Iowa
increased
Record Gross Income Tax
lections
a
$1,000,000 be¬
preceding announced on.-
the
Bond Issue
are
(
Indiana
The
30.
expected,
voters authorized an
$13,500 construction
of
for
than
District, Iowa
Bonds Voted—At an
June 28 the
equipment
.
about
fiscal period, it was
totals
'•*%
-:K}
on
sent them to the Board
of
total
June
IOWA
INDIANA
described
State of Min¬
nesota, 232 U. S. 516.)
VV- x; V
The bonds will be passed upon
as
above
of the
the
showed the
Gilmore City School
T-195, dated Jan. 27, 1943.
Holders
Offering—Ben H.
$30,138,087,
aggregated
reduction
low
general fund revenues'
year ended
June;
fiscal
last
with
$9,153,466.81 during June to a bal¬
ance of $179,806,287.01, while trust
for payment on July 11, the fol¬
funds declined $1,403,417.03 to a
lowing Board of Education war¬
$441,748,550.51 balance, giving a
rants:
total
of
$621,554,837.52 in the
Educational Fund, 1943, Nos. Etreasury—an increase of $7,750,306 to E-706, dated March 1 and
049.78 over the May 31 total.
bonds.
County of Honolulu.
the
for
Bedford.
•
,
The State's
School
Ind.
Radcliff,
Trustee, will receive sealed bids
until 11 a.m. (CWT), on July 29, j
for the purchase of $20,000 not to
exceed 3% building bonds. Dated
May 1, 1944. Denominations $1,000
and $500. Due $500 on July 1,1945,
on January and July 1 in 1946 to
1949, $2,000 on Jan. and July 1,
in 1950 to 1952, and $2,000 on Jan.
1 and $1,500 on July 1, 1953. Prin¬
cipal and interest (J-J-) payable
at the Citizens National Bank of
the
are
Kentucky (State of)
General Fund Receipts Lower—
30
Bond
absolute April 1, 1943.
Pinckneyville, ill.
Building Fund, 1943, Nos. B-768
and unconditional general obliga¬
Bonds Authorized — The City
to B-1380, dated Feb. 2, 1943.
tions of the City and County of
Council passed recently an ordi¬
Honolulu, payable as to both prinPlayground Fund, 1943, Nos. Pnance
calling for an issue of
cipal and interest from the con¬ 59 to P-104, dated Jan. 27, 1943.
$100,000 water system revenue
solidated revenues of the City and
Free Text Book Fund, 1943, Nos.
bonds
These
and interest.
at 101
less than
fund.
reported regular
treasury
103; and thereafter to and includ¬
teachers' salaries; a ing July 1, 1954 at 102; and there¬
the State property after, if called prior to maturity,
Spice
Valley
Township,
Township (P. O. Huron),
$98,421,348.22.
statement
His
funds
State
for
interest pay¬
on any
date, upon 30 days notice
including July 1, 1949 at
and
to
cents,
issue
in
or
merical order
and legislative action
halting diversion of $1,250,000 in
gasoline tax revenues to the gen¬
eral fund and transferring those
revenues
to
the State
highway
11
whole
ment
schools
to
tax rate from 15 cents to
the
total of the general revenue
June 30 was
in
reduction
1943
*
of
of
amount
the
in
City to
in¬
An
follows:
as
option of
prior redemption in
part in inverse nu¬
subject at the
is
issues
the
He
higher.
even
distributed
payment
general assembly authorized
investment of excess state money
Honolulu (City and County),
agreed upon by the purchaser and in short term Federal securities.
Hawaii
the
Treasurer of
the City and
Two state bond issues will be
Enclose a
Bond Offering—D. L. Conkling, County of Honolulu.
retired this year with a $1,875,000
Treasurer of the City and County, certified check for 2% of the par
final payment Aug. 1 on $55,000,will receive sealed bids until 10 value of the bonds bid for, pay¬
000 in soldier compensation bonds
a.m.
(HWT) on July 20 for the able to the Treasurer.
and
a
$500,000 final instalment
Form of proposal may be se¬
purchase of $200,000 (all or any
Dec. 15 on the $20,000,000 emer¬
part) 2i/2% coupon water works cured from the Chemical Bank & gency relief issue.
refunding
(1944
issue)
bonds. Trust Co., of New York, or Wood,
After a $1,500,000 payment Dec.
Dated April 15, 1944. Denomina¬ Hoffman, King & Dawson, of New
15 on the $30,000,000 relief bond
tion $1,000. Due $20,000 from April York, or the office .of the Treas¬
issue the state debt will be re¬
15, 1945 to 1954. Bids will also be urer, Honolulu.
duced from the present $119,152,received
at
the office
of the
100
to about $115,000,000.
The
Chemical Bank & Trust Co., New
ILLINOIS
state will then have balances in
York City, up to 3.30 p.m. (east¬
noncallable bonds of $19,000,000
Chadwitft, III.
ern war time). Principal and in¬
Bonds Approved—At an elec¬ for relief and $96,000,000 for high*
terest (A-O) payable at the office
of the Treasurer of the City and tion held recently, $14,000 water ways.t
William
C.
Stratton,
State
County of Honolulu or at the works improvement bonds were
announced
the exact
Chemical Bank & Trust Co., New approved by the voters, it is said. Treasurer
HAWAII
these
crease
re¬
since
$45,000,000
at
mained
had
which
fund
running
listed
•
investment
accom¬
plished in the face of three separ¬
ate actions which kept the surplus
1
.
general
been
had
balance
fund
opinion of Woodward, Dawson &.
Hobson of Louisville. Each of said
that
the
in
increase
big
1944
Monday, July 17
FINANCIAL CHRONICLE
1970.
Trust
Co., Louisville. Delivery to
on
or before
Aug. 1, at
the office of said paying agent:
The approving opinion of Peck,
be
made
Shaffer &
will
be
Williams, of Cincinnati,
furnished the
purchaser;
established a new all- $54,000 3% water works refunding
No bid for less than 106.63 will be
bonds. Due on Jan*-1: $3,000
Under Consideration
John J. time record. Mr. James attributed
considered.
A certified check for
in 1946; $4,000, 1947 to 1950,
Connors, Mayor,
reported» re¬ the surplus to' sound financial
$2,340.00, must accompany the bid.
and $5,000 in 1951 to 1957.
cently that the offer by the city management of State affairs and
for purchase of the East St. Louis an
:
*
unprecedented
increase
in
35,000
3%
sewer
refunding
Scottsville, Ky.
bonds. Due on Jan. 1: $2,000
& Interurban Water Co. at a price State revenues. He lauded mem¬
Approves Gas System Purchase
in 1946 and 1947; $3,000, 1948 —The
of $5,000,000 has been accepted for bers of the State Legislature for
City Council voted June
to 1956, and $4,000 in 1957,
28 to purchase the Scottsville Gas
study and consideration by E. A. their "successful efforts in con¬
serving the balance in the State
Company and to issue $35,000
Geehan, Company President. The
Denom.
$1,000. Dated July 1,
city plans to pay for the water general fund" by defeating "many! 1944. Principal and interest (J-J)'31/2% revenue bonds to finance
Water
Plant
Purchase
Offer
fiscal year,
—
,
all property within
City and County subject to
levied
said
upon
City and County taxation, it being
specifically provided by the Acts
of the Legislature of the Territory
»?*of Hawaii
that ad valorem taxes
against the real property subject
to taxation in said City and Coun¬
ty
may
xaise
the
be
levied
sum
of
sufficient
$4,000,000
to
an-
„
,
,
-
company
by sale of revenue bonds
provided for by
a
1914 ordinance.
bills
that
drain"
on
would
have
caused
the State Treasury.
aj
payable
at the First National
Bank,
Cincinnati, _ Ohio. Legal
| the project. The bonds will
ture in 20 years.
ma-
Volume
160
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4299
"If
MAINE
such
Note
■
Offering
martin,
City
Gil-
R.
will re¬
Treasurer,
bids
sealed
ceive
local
John
—
until
noon-on
July 18 for the purchase of $200,000 notes.
Dated July 20, 1944.
Due Oct.
10, 1944.:Issued in an¬
ticipation of taxes for the year
1944.
Payable at the First Na¬
tional Bank of Boston, or at the
Bank
Hanover
Central
&
integrity of
governments is
essentially weakened. There have
been many tax studies, but little
action has been taken on them, I
trust that you gentlemen will use
your every influence to crystal¬
lize the
demand
for
action by
Congress and by
ernments
the
State gov¬
fundamental
this
on
problem."
Trust
Co., New York; The notes will be
ready for delivery on or about
July 20, 1944, at the First National
Bank of Boston, will be certified
genuineness and validity by
Ropes,
Gray, Best, Coolidge & Rugg, of
as
be
the
State
and
cannot
sources
then
maintained
Portland, Me.
to
said bank, under advice of
Middlesex
County
Cambridge), Mass.
;
The $425,000 notes
offered for sale on July 11—v. 160,
—
165—were awarded to the Na¬
Rockland Bank of Boston,
at 0.234% discount. Dated July 14,
p.
tional
1944. Due
Boston.
East
O.
(P.
'
.
Note Sale
on
Nov. 9,
1944. Other
bids were as follows:
■
MASSACHUSETTS
Bidder
Rate Bid
.
Waltham National
Sale—The
Note
for sale
offered
awarded
July
on
12 were
National
First
the
to
notes
$300,000
Bank of Boston at 0.49% discount.
Dated
tion,
March
Due
Denomina¬
and $5,000.
Other bid¬
July 12, 1944.
$25,000, $10,000
ders
1945.
14,
discount
0.546%
Boston, at 0.54%
Bank,
'and First Boston Corp., at
;
[discount.
of
Bank
bidders
follows:
as
were
1944.
Discount
Bidder:
■
National
First
0.38
Bank, Boston
0.39
Bank
Needham National
—
The
sale
for
'awarded
*
Trust
Inc.
.349%
—
Middlesex County National
.352%
Palmer, Three Rivers Fire District,
Mass.
12 were
Merchants Na¬
of
0.36%
at
Boston
Other
bidders
were:
Shawmut Bank, Boston,
0.43%
discount, and First Na¬
tional Bank, Boston at 0.49%
.count.
dis-j
Lawrence, Mass.
;
Buys Unused
The Lawrence
Firm
Industrial
Mill Property
—
/'Tribune" of June 23 reported in
part as follows:
'
E. Kunhardt textile
.mill property has constituted such
a
troublesome major municipal
problem ever since it was ac¬
quired by the city of Lawrence
.for
unpaid taxes a number of
years ago that the great majority
of
local -people
unquestionably
iwere pleased by the unexpected
.news that a majority of the city
council had voted in special ses¬
The George
sion Wednesday to sell it to the
Wood
Offering—Dennis J.
Note
Heel
Hor-
gan,
purchase of $48,000 notes.
Dated
Aug. 1, 1944.
Due $2,000 Aug. 1,
1968.
Company
Bidder to
of
one
name
to
finances
The
submitted
as
Governor
Edward
J.
school fund
permanent
at
the end of the last fiscal year was
and no bid for less than
will be accepted.
since the State
Montana
Murray County (P. O. Slayton),
•
Minn.
-
$123,000 drain¬
age refunding bonds offered for
sale on July 10—v. 160, p. 57—
Emer¬
$30,000
Loan notes offered for sale
July 11, were awarded to the
gency
mature in 1952 and
1953.
-
\
.
J
mit to the voters
000
Township
Genessee
Frac.
School
memorial
bonds,
an
'addition
hospital
was erroneous.
(P. O. Flint), Mich:
Sale—The $15,000 semi¬
Bond
sale
on
State-could
000,000
.over a
ends
of public, works
2-year period after the war
strain
undue
and
"without borrowing, or without the
of any Federal funds,"
Governor
Leverett
Saltonstall
•assistance
stated
Municipal Finance Commis¬
sion recently granted permission
to the City to issue $14,000 water
the election held in June.
were
Selectmen's
meeting
Association
;in
Swampscott.
The State debt,
'he noted, is now only $6,500,000,
Bonds Tendered—No
incurrence
pansion
■The
of
the
financial
State's
•
local
of debt for
Boston
condition
•
ex¬
airport.
the call
on
communities,
declared, is better than
has
true
•the
been
since
the
turn
of
Hennepin County Independent Sch.
Dist. No. 135 (P. O. Hopkins),
Minn.
Bond
said to
to
sue
of
Asserting that the maintenance
'of "independence against Federal
of
certain
sources
revenue" is the "greatest
problem facing local and State
government."
Governor
Salton•stall,- without
specifying
what
revenue
declared:
sources
he
had
1
in
mind,
Election
—
An election is
have been called for July
submit to the voters an is¬
$18,000 construction bonds.
Minnesota
(State of)
Greatly
Indebtedness
State's
of
taxable
Minnie N.
MINNESOTA
•
usurpation
MISSOURI
St. Louis, Mo.
Bond
Sale—The $3,900,000 cou¬
semi-annual airport bonds of¬
fered for sale on July 11—v. 160,
pon
57—were awarded to a syndi¬
cate composed of J. P. Morgan &
Co., Inc.; Barr Bros. & Co., both
p.
17
century.
Approved—An
2% bridge repair
notes has been approved' as
to
legality by Charles & Trauernicht
of St. Louis. Dated May 15, 1944.
bonds
Reeves, City Treasurer.
the
Governor
Legality
issue of $15,000
July 10 of series B re-
fundings, according to
the
of
Miss.
Note
tendered in connection with
having advanced slightly over the
.record low of last January owing
-to the
County (P. O. Booneville),
Rcyal Oak, Mich.
before the Massachusetts
June 23
address
bonds, favorably voted at
system
No
an
Prentiss
Approved—The
State
delivered
in
Issuance
Bond
Reduced During Last Fiscal
—Minnesota's
been cut
in
indebtedness
Year
has
by more than $16,500,000
it was dis¬
the last fiscal year,
closed
by
State Treasurer Julius
general report on
A. Schmahl in a
issue
Kimball
of $14,500 3%
*
in
re¬
Neb.
of New York,
and Harris, Hall &
' V'
Sale—The $90,000 coupon
Bond
county hospital bonds offered for
sale
July 10—v. 160, p. 166—
awarded to the Robert E.
on
were
Schweser
paying
a
of about
Due
Co. of Omaha,
as
1V2S,
price of 100.555, a basis
1.37%. Dated July 1, 1944.
$6,000
1945 to 1959; op¬
Second best
in
bid
after
was
an
5
years.
offer
of
..
New York
First Boston
Co.,
;
.
Corp.,
Mercantile-Commerce Bank
& Trust
Paine,
&
Co., St. Louis
Webber, Jackson
Curtis
de¬
which
to
the
face
of the post-war
the
uncertainties
adjustment period.
Moreover, he declared, the sharp
contraction
has
tailing
in
the
effected
been
service
debt
burden
"without
to
the
cur¬
people
of
Hampshire."
NEW JERSEY
Atlantic City, N. J.
Refunding Considered By State
Board —We
have previously re¬
ported in these columns (v. 159,
p. 2355 and v. 160, p. 166), pro¬
posed plan providing for refund¬
ing the $22,199,000
outstanding
general and water funded debt
of the city.
The program was
developed for the city by Stifel,
Nicolaus
& Co., of Chicago and
Louis, in cooperation with
Wainwright, Ramsey & Lancaster,
municipal financial consultants of
New York
City. The plan has
already been approved by the City
St.
Council
tioned
and
now
must
be
sanc¬
by the Local Government
before it can be put into
operation.- It was the subject of
a meeting
of the latter body on
July 3 and in this connection we
give
herewith • minutes v of the
meeting:
:
\
Board
Mr.
Townsend
the firm
&
of
Wainwright
of
Wainwright, Ramsey
Lancaster, appeared before the
Commission
discuss
to
the
pro¬
posed refunding of the indebted¬
ness of the city of Atlantic City.
Mr.
Russell, representing Haw¬
kins,
was
Delafield
&
Longfellow,
also present.
Mr.
some
100.388
'
way purposes,
coln
on
were
filed in Lin¬
July 6, just prior to the
deadline for such action.
Sponsors
of
another
..
is
paid benefits to the aged, crip¬
pled,
and
dependent
children.
Opinions of attorneys are now be¬
ing sought to decide whether en¬
actment
of
the
ment restricting
proposed amend¬
the
use
if there
was
no
refunding of the
existing indebtedness. They called
attention to the special reserve of
petition, $3,796,000; likewise to the limita¬
seeking to change the method of
Chicago, as %s, at a price assessing and taxing motor ve¬
of 100.6627, a basis of about 0.80%. hicles, failed to obtain the neces¬
Dated Aug. 1, 1944. Due on Aug. sary number of signatures,
1 in 1949 to 1956. Among the other
Nebraska's
five-cent
gasoline
bids for the bonds were the fol¬ tax now includes four cents for
lowing:
highways and one cent for the
For %% Bonds
State assistance fund, from which
Trust
Blood
Wainwright
outlined
in
detail the steps relating to
for the preparation of the refunding
li/2s, submitted by the American plan, stating that he had been en¬
National Bank of Kimball.
gaged in the survey, etc., for sev¬
eral months past.
He discussed
Nebraska (State of)
the financial history of the city,
Restriction Proposed on Auto¬
numerous
details of the existing
motive Tax Receipts—Petitions to
plan, the credit position of the
place on the November ballot in
city, and other related matters.
Nebraska proposals for the enact¬
Mr. Wainwright and Mr. Russell
ment of a State-wide prohibition
spent some time acquainting the
law
and
a
State
constitutional
Commission
with some
of the
amendment
limiting the use of
problems with
which the city
automotive tax receipts to high¬
would be faced at an early date,
tional
Co. of
Bankers
O.
gratifying" and de¬
preliminary cur¬
rent net debt total of $5,200,000
is just about half of the aggregate
of $10,700,000 which prevailed on
July 1, 1941, six months after he
assumed
office.
The
State, he
asserted,
is
in
a
particularly
sound and
healthy condition in
that
(P. O. Kimball),
County
Three
State's financial posi¬
clared
315
funding bonds, dated June 1,1944.
|
.
Roscommon, Mich.
♦.
program
"without
.
Program
.
purchased
Omaha
of
an
In
"most
tion
July
Bond Sale—The Wachob-Bender
Corp.
Miss.
.
;The
to
on
MISSISSIPPI
bonds offered for
Jefferson County (P. O. Fayette),
July 10—v. 160, p. 166—
annual building
scribed the
1944,
June
.
Borrowing—
finance a $50,-
306
payment
of
issue of $40,-
Dist. No. 14
«
Post-War
and from
for
—
were
awarded to The First of
Note Sale—The $15,000 bridge
Michigan Corp., of Detroit, as l%i,
part of
paying a price of 100.235, a basis repair notes offered for sale on
the plant will be improved imof about $1.12%. Dated June 15, July 10 were awarded to M. A.
,'mediately for early use for man¬
J944. Due on Aug.
1: $2,000 ,in Saunders & Co., of Memphis, as
ufacturing purposes giving em¬
1945, and $13,000 in 1946. Second l%s, at par. Dated June 15, 1944.
ployment to residents of this com¬
best bidder was Crouse, Bennett, Due $5,000 June 15, 1945 to 1947.
munity. ,"v '
/ '
*
Smith & Co., offering 100.158 for Legality approved by Charles &
Trauernicht, of St. Louis.
'
Massachusetts (State of)
■l%s.
;.
*
:■ ■
Without
1,
21
called
were
Robert
Governor
Call—State armory bonds
to
50%
announcing July 5 an
estimated reduction of $1,800,000
in the
State's net debt, in the
fiscal year ended June 30, last,
New
(State of)
at the Union Trust Co.
Helena, according to William
were awarded to the Harris Trust
Hoskins, Secretary-Treasurer of
on
& Savings Bank of Chicago
as the "State Armory Board.
Merchants National Bank of Bos¬
1.20s, paying a price of 100.438, a
ton, at 0.384%. Due in one year.
NEBRASKA
basis of about 1.145%. Dated Aug.
Runners-up in the bidding were:
1, 1944. Denomination $1,000. Due Cedar County School Dist. No. 101
Merchants
National
Bank
of
Aug. 1, as follows: $15,000 in 1949
(P. O. Wynot), Neb.
Salem, offering 0.40%, and Gold¬
to 1953,
and $16,000 in 1054 to
Bond Sale Details—In connec¬
man, Sachs & Co. with a tender of
1956.
The
next
highest bidder tion with the sale of the
$10,000
0.425%.
was:
Piper, Jaffray & Hopwood,
refunding bonds to the Wachoband Associate, for lJAs, at a price
MICHIGAN
Bender Corp., of Omaha, at par,
of 100.52.
'
report of which appeared in v. 159,
East Grand Rapids, Mich.
p.
1605, the Secretary Board of
Stillwater, Minn.
Permission
Granted
to
Issue
Correction—We are advised the Education reports that the bonds
Bonds
The State Municipal Fi¬
were sold as 3V4S. Interest payable
nance
Commission granted . per¬ report that appeared in v. 160,
F & A.
mission to the city recently to is¬ p. 57, to the effect that an elec¬
tion was called for July 10, to sub¬
Dunbar, Neb.
sue
$46,000 refunding bonds, to
Sale—The
Note
derstanding that at least
$50,000,000
Bond
Nos. 1
Cut
Years—In
Co.,
founded.
was
Bond Sale1—The
Salem, Mass.
&
jointly
100.222
$102,889,429, a gain of more than
$2,800,000 since May 11, 1944. The Halsey, Stuart & Co.,
permanent university fund has Blair & Co., Inc.,
grown to
$16,620,084, while the B. J. Van Ingen & Co.,
swamp land fund has increased to Hemphill, Noyes &
Co.,
$13,055,681. The State board of re¬ Spencer Trask & Co.,
lief
indebtedness
was
reduced First National
Bank,
from $1,642,384 to $488,884. OldMinneapolis,
age assistance indebtedness was Stifel, Nicolaus & Co.,
reduced from $1,721,000 to $900,Graham, Parsons & Co.,
000. The public relief indebted¬ Geo. B. Gibbons &
Co., Inc.,
ness
was
cut from $9,356,328 to
Martin, Burns & Corbett,
$8,060,000, and the emergency re¬ Mullaney, Ross & Co.,
lief from $5,250,000 to $2,525,000.
Baum, Bernheim Co.,
Mr. Schmahl reported a cash
Bacon, Stevenson & Co., and
balance in the State's general rev¬ First National
Bank,
enue fund on July 1, 1944, of $8,Memphis, jointly
100.068
270,436, which he believes is the
largest cash balance in the fund
MONTANA
"this city for $15,000, with the un¬
Possible
F. Rothschild
Debt
Net
Eldredge & Co., and
L.
multiples of V\
1%,
par
July
•National
Service
.33%
Co., jointly
& Co.,
Harriman Ripley
of
$45,000 notes
on
the
to
Bank
•discount.
,
Bank,
rate of interest in
Holyoke, Mast.
Note' Sale
at
.30%
Boston, and
/
Boston Safe Deposit &
"
tional
Bank,
Boston
1945 to
0.393
•National Shawmut Bank, Boston..
-offered
.29%
Secretary Board of Water
Other Commissioners, will receive sealed
bids until noon on July 28 for the
dis¬
0.425%
at
Boston
Due Nov. 30,
count.
Merchants National
Second National
of the fifth cent of the gas tax or
July Hannahs, Ballin & Lee, and
require its expenditure for road
Thye. Bacon, Whipple & Co.,
The
State's i indebtedness
as
of
jointly
100.3599 purposes.
June 30, was listed as $82,156,508, Lazard Freres &
Co.,
Otoe, Neb.
compared with $98,770,284 a year Union Securities Corp.,
Bond Sale Details—In connec¬
ago. Of the indebtedness, the rural
New York,
tion with the sale of the $11,000
credit bureau reported a reduction R. W.
Pressprich & Co.,
3%
refunding bonds to the
from
$52,065,000 to $46,590,000. First of Michigan Corp.,
Wachob-Bender Corp., of Omaha,
The highway department showed Milwaukee
Co., Milwaukee,
report of which appeared in v. 159,
a
reduction from $25,820,000 to
Newhard, Cook & Co.,
p. 781, the Village Clerk now re¬
$22,137,000.
Illinois Co., Chicago,
ports that the bonds mature $1,~
Mr. Schmahl said items of in-; A. G. Becker & Co.,
000 from Jan. 1, 1945 to 1955. In¬
debtedness to the State, which is, William R. Compton & Co.,
terest payable J-J.
reflected in the loans to various
Inc., and
7
Stockham, Neb.
divisions from certain permanent Schwabacher & Co.,
Bond Sale—An issue of $11,000
jointly
-100.2799
funds, was reduced from $20,885,2%
refunding bonds has been
284 on June 30, 1943, to
$13,429,-; First National Bank,
purchased by Cook & Cook of
508 on June 30, 1944.
Principal
Chicago,
Lexington.
Dated June 1, 1944.
items in obligations of the State Harris Trust &
Savings
Interest J-D.
to the permanent
fund are the
Bank, Chicago,
State board of relief, old-age as¬ Harriman
Ripley & Co., Inc.
NEW HAMPSHIRE
sistance
and
public and emer¬ Boatmen's National Bank,
New Hampshire (State of)
gency relief.
;
St. Louis,
6
.28%
Bank, Cambridge
Dover, Mans.
$25,000 notes
offered for sale on July 12 were
awarded to the Second National
Sale—The
Note
.
_-l_.
Waltham
Day Trust Co., Boston
Shawmut
National
were:
Bank,
State
27S
of auto¬
motive taxes would halt collection
tion
on
expenditures
whereby
a
penalty is imposed in those cases
where the operating expenses of
the city exceed a
The Commission
was
of
with certain
present plan, par¬
familiar
quite
details
certain amount.
indicated that it
the
ticularly in view of the fact that
both the special reserve and pen¬
alty clause had been reviewed
connection with prior budgets.
The
in
completion of the, refund-*,
ing was discussed at some length
and
Mr.
Wainwright,
indicated
that
if
the
plan
could
be
60%
THE COMMERCIAL &
276
insofar
completed
as
no
He pointed out that
^balance.
Mr. Bowman stated
representative of a western
exchanges public sale.
concerned, there would be
excuse for not completing the
were
that
a
bond house had visited the town¬
Sti- ship with him but was not inter¬
erally lower than they have been
since 1942-1943, with a downward
tendency/
the
is
Such
New York
and gen¬ transit debts amounting to $899,295 as of July 1,1943, and $696,709
after -will be reasonable
on
May 31, last.
(State of)
,
Stichman Named Housing Com¬
missioner
Governor Thomas E.
■—
Of the total debt of $2,956,942,-
Dewey has appointed Herman T.
$2,- Stichman of New York City,5 as
outlook
492 outstanding on May 31,
after looking the township based on conditions at this writ¬
440,250,384 was in the hands of Commissioner of Housing in the
particularly when he found ing.
"What has
resulted from the the public and $516,692,108 was New York State Division of Hous¬
that a portion of the bonds were
operation of the 1936 program to held in various city sinking funds. ing, to succeed Ira S. Robbins, also
being made callable.
Mr.
Bowman
further
stated which the city has substantially The sinking funds also held $84,- of this city, who has been acting
adhered during the eight fiscal 348,000 of United States govern¬ Commissioner since Jan. 14, 1943.
that; the township committee had
Mr. Robinson will continue with
received
a
proposal in writing years from July 1, 1937 to June ment bonds.
from a
Philadelphia investment 30, 1945 may be briefly stated as
City's War Contracts Listed At the division as Deputy Commis¬
had
ested
spent a great deal of time work¬
ing out the details of the plan,
the method of handling exchanges,
over,
&
Nicolaus
fel,
etc.,
and
that
the
Company
he was of the opinion
agreement between the
Nicolaus & Com¬
fair and to the best in¬
follows:
1 .*
*
the city. He further house, which proposal would not
1) Gross Debt has been re¬
"stated that no other investment produce the over-all saving re¬
flected in the plan under consid¬ duced from $121,128,567 at June
house, bank or broker had indi¬
The plan as it is now 30, 1937, to an estimatetd $75,cated the slightest interest in the eration.
refunding,
notwithstanding the set up provided for an over-all 000,000 at June 30, 1945 based on
the adopted budget, or about $46,fact that every opportunity had saving of some $66,000 and the
000,000, an average of $5% mil¬
been given other interested houses only other proposal received in
lions per annum.
or individuals
to interest them¬ writing provided for an over-all
"(2)Tax Rates have ranged from
selves.
Mr. Russell 'outlined the saving of a much smaller amount;
therefore, the township had ac¬ a low of $29.01 to a hgh of $33.65,
scope of his work, discussed cer¬
the
average
or
median being
tain phases of the existing plan cepted the proposal of Boland,
Saffin & Co., subject, of course, $31.04.
Because assessed
valua¬
and the possible effect of a par¬
to the approval of the- funding tions have decreased from a high
tially
completed refunding on
of $965,467,590 to the present low
commission.
subsequent annual budgets. There
After further discussion, partici¬ of $902,518,230 the tax rates have
was extended discussion covering
pated in by Mr. Russell and Mr. been increased in instances in
these various details.
Mr. Wainwright stated that the Bowman, it was pointed out that which the actual taxes were equal.
the
average
annual
tax
bill
township might experience The
plan under consideration provides
for the issuance of new refunding difficulty in marketing its bonds ranged from a low of $28,007,914
bonds consisting of a serial issue due to the fact that its gross debt to a high of $30,287,175, the aver¬
is some 37% of the assessed valu
age being $28,904,587.
of $12,933,000, with a second issue
city and Stifel,
pany was
terests of
•
The
Five Billion—The New York re¬ sioner under Mr. Stichman.
latter has been an Assistant United
gion, comprising all of New York
States Attorney for the Southern
State, northern New Jersey and
District of New York and served
part of Connecticut, received $29,-
issued
on
war
of New York County
ernor
debt service calen¬
arranged that there
is a margin
of safety to meet
changing conditions.
tions and the
dars
so
are
V.,It was pointed out that the new
plan is so arranged that if tax col¬
lections fall off sharply, the city
will not be faced with an impos¬
sible situation. The plan now in
existence is such that an unbear¬
able tax levy may result if collections fall off sharply, and leav¬
of
prospective savings
the
out
ing
$3,000,000 over the life
some
of the plan,
the city will be in a
handle its debt
servicej under the new plan regardles? pf tax collections^ and
general financial conditions... Mr.;
Russell
pointed out that there
were no specific covenants except
a requirement that the city would
maintain a full cash basis of oper¬
better position to
ations.
,
under Gov¬
Dewey, when the latter was
Attorney.-.He was also
District
the
associated in
practice of law
Clark, Buckner
City.
with Messrs. Root,
of New York
Ballantine
&
Governor
appointed 1 Mr.
Com¬
Dewey
-
Stichman
July 6.
New York
this
District Attorney
Assistant
an
as
300,000,000 in contracts for war
supplies and facilities in the pe¬
riod June, 1940, to January, 1944,
according to the 1944 second quar¬
terly report, compiled by Benja¬
min H. Gordon, of the New York
Regional Office of the United
States Department of Commerce,
Moreland Act
as
missioner, along with Judge Wil¬
Bleakley in January, 1943,
City's contribution to
liam F.
production total was over
! following exposure of widespread
$5,000,000,000 the report stated,
(breakdown in the administration
adding that the city is now en¬ of the State's Workmen's Compen¬
joying the "full fruits of a war sation
Law.
The
investigation
boom which was slow in starting."
continued for 18 months and re¬
The report
quotes figures pro¬ sulted in the introduction and
vided by the Regional Plan Asso¬
passage of legislation designed to
ciation of New York, which dis¬
'correct the abuses that had ex¬
ations.
It was also pointed out
"Following the year 1940-1941
general refunding bonds of
that considerable
money
would the
improved economic outlook close that "1,860,000 persons are
$7,500,000, and an issue of water
refunding
bonds of ;$1,686,000, have to be spent in the township and the urge to rid the city of employed in manufacturing in the
to put the streets in proper condi¬
debt made it seem wise to in¬ Ndw York metropolitan area, an
making the over-all new issue
tion and as a matter of fact, Mr.
crease
the taxes somewhat more increase of 72% since 1939, and an
$22,119,000.
The straight serial
Bowman indicated that some of
issue matures 1945 to 1967; the
than
the original
program
and all-time record for this area."
the prospective investors felt that
*
$7,500,000 issue is payable out of
original practices had suggested.
A general improvement in eco¬
the street situation was one of the
a
retirement fund and matures
One result of the debt-reduction
nomic conditions in the New York
most important problems facing
Dec. 1, 1967. The last named issue
part of the program has been the
region is reported, with income
the township.
is callable at the option of the
decrease in annual interest charge
payments for 1943 exceeding those
city at the rate of $750,000 a year
in taxes from $4,557,898 in 1937North Arlington, N. J.
for 1939 by $9,500,000,000 or 68%.
and a debt service appropriation
1938 to $2 555,768 in the budget
Bond Ordinance Under Consid¬
A shortage of 125,000 workers
of $375,000 annually must be pro¬ eration—The State Funding Com¬ of 1944-1945."
••
in
the
New
York
region
by
vided.
The
water issue - is
a mission recently took under con¬
Haverstraw, N. Y.
autumn is anticipated, based on
straight serial issue maturing 1945 sideration, and referred to the
Bond Offering-—James P. Mc- reports from the three major geo¬
to 1963.
Better than half of the Commissioner of Local Govern¬
new debt will be callable at cer¬
Cabe, Village Clerk,* will receive graphical divisions of the region
ment for receipt in filing, an ordi¬
tain times under certain condi¬ nance authorizing the issuance of sealed bids until 2 p.m. (EWT), on —New York State, northern New
of
'
1944
Monday, July 17
FINANCIAL CHRONICLE
isted and to broaden
the benefits
well
its administra¬
receivable under the law, as
to. strengthen
as
tion.
•
f
.
Rule—Cities
char¬
municipal election
Extends City Home
in New York now may put
ter revisions on
ballots
under a new
petition
by
setting up extensive home
city, charter revision ma¬
chinery, the American Municipal
Association reports.
law
rule
Under the extended use of city
provided by the Legis¬
home rule
lature, an amendment may be as
extensive as desired and will not
and
Bridgeport-Fairfield be rejected for submission on the
registered. County—but the report warns that ground it constitutes a new char¬
Township (P. O. Cam¬ improvement and apparatus it is impossible to estimate the re¬
ter.
den), N. J.
bonds. Dated Aug. 1, 1944. Denom¬ quirements for manpower accu¬
Also the new law requires that
Bonds Approved — The
State inations $1,000, $600, $300 and rately even on orders which have
any city charter amendment sub¬
Funding Commission recently ap¬ $200. Due Aug. 1, as follows: $1,- been scheduled, "since such con¬
mitted by petition must set forth
proved the issuance of $218,000 600 in 1945, $2,200 in 1946 to 1948, tracts may call for internal read¬
new matter either in italics or by
refunding bonds.
and $2,300 in 1949. Rate of inter¬ justment
.
.
that can result in a Onderlining and must reproduce
est to be in multiples of Va or one-' lay-off of workers for varying peold
NEW MEXICO
provisions
to
be changed
tenth of 1%, and must be the same riods of time." A decrease in the
either in brackets or with lines
Aztec, N. M.
for all of the bonds. Principal and number of workers in the region
running
through
it. This will
Bond
Call—The Town
Treas¬ interest (F-A) payable at the Na-j 0f 3% during the period from No¬
make it easier for voters to see
of
Haverstraw
& vember, 1943, to June, 1944, was
urer
has called for payment on tional- Bank
exactly what changes are pro¬
The [noted.
Aug.
1,
1944.
outstanding 6% Trust Co., of Haverstraw.
posed, the association said. -A *';•>
water bonds, dated Aug. 1, 1924, bonds are authorized to be issued I
*
.
.
When
the
power
to
amend
maturing Aug. 1, 1$54, and option¬ pursuant to the Village Law of New York City Housing Authority
Notes Sold
On July 11 the charters originally was given to
New York. The proceeds are to
al Aug. 1, next.
cities in 1937, the intention was
be used for the purpose of pay¬ above Authority awarded to the
Central Hanover Bank & Trust to provide machinery for cover¬
'; '
NEW YORK
ing the cost of reconstructing the
Co. of New York, a total of $1,- ing; any kind of amendment, but
heating plant of the municipal
Buffalo, N. Y.
the courts held that an amend¬
building and acquiring trucks and 109,000 Temporary Loan Notes,
Sound Fiscal
Program Shows
ment extensive enough to be con¬
other apparatus for the use of the Tenth Issue, as follows: $300,000
July 17, for the purchase of $10,- Jersey
$428,000 refunding bonds.
500
not
to
exceed
6%
Winslow
.
f
.
.
—
|
Excellent
Results—The following
comment
is
sidered
recent village. The village is authorized! First Series, at 0.43%; $300,000
and required by law to levy on all Second Series, at 0.44%; $309,000
issue of "Just A Moment," weekly
taxable property of the
village Third Series, at 0.45%, and $200,publication of the Buffalo Munic¬
taken
from
a
a
limitation
petition, f This
by
now
could not
charter
new
presented
be
has been removed.
as to the
With the signing of this bill,
such ad valorem taxes as may be 000 Fourth Series, at 0.46%.
the purpose of
ipal Research Bureau:
The Bessemer Trust Co. of Jer¬ New York cities now have the
certain items of expense, etc., fol¬
necessary to pay the bonds and
"With the adoption of the city
following powers of local legis¬
the interest thereon, without limi¬ sey City, was the successful bid¬
lowing which
it was regularly
budget for 1944-1945, Buffalo has
tation as to rate or amount.
The der for a total of $1,100,000 Tem- lation, all secured within the last
moved, seconded and carried that
completed the program which it
few years:
the matter be taken under adpurchaser will be furnished withjporary Loan Notes, Tenth Issue,
informally adopted, as it was pro¬
v'«ement for further considera¬
1. Power
the
to
pass
ordinances
opinion
of Reed,
Hoyt
& as follows: $200,000 Fourth Series,
posed by the Research Bureau in
at 0.46%; $400,000 Fifth Series, at
There
.issuing
was
discussion
expenses,
tion
Just A Moment No. 305 of Dec.
3,
and
Washburn, of New York, that the
local
laws
on
a
wide
range
bonds are valid and binding obli¬ 0.45%, and $500,000 Sixth Series, of subjects
as, long
as they do
reviewing the
not violate state laws.
*
gations of the village. Enclose a at 0.44%.
Refinancing Studied — The pro¬ city's then exisitng conditions and
certified check for $210, payable
Other bidders were:
2.
Power by local law to set
financial practices, we said: 'As
posed plan for refunding out¬
to the village.
Chemical Bank & Trust Co., New aside acts of the Legislature—as
standing indebtedness of the town¬ far as it appears, the city has no
York, and Associates:
long as such acts do not apply
settled financial policy,' which we
New York, N. Y.
ship was again discussed at a
all
cities
alike—on
matters
For $300,000, First Series__ .47% to
meeting of the Local Government illustrated by a rehearsal of cer¬
City Report Shows Large Debt
within the scope of cities as in¬
Board on July 3, at the conclu¬ tain pertinent facts. (Just A Mo¬ Reduction-Debt of the City of l°/_ g00,000, Secondaries. .47%
For $309,000, Third Series._ .47% terpreted by the courts.
sion of which it was determined ment 304). In the. next issue we New York was reduced $90 924,For $400,000, Fourth Series .47%
3. Power to control special leg¬
to take under advisement and be said: 'It seems to us that a sound 342 in the period from July 1,
For $400,000, Fifth Series.. .47% islation by the state within the
made a first order of business at program at this time should have 1943,
to May
31, the first
11
For $500,000, Sixth Series.. .47% field of property, affairs and gov¬
a meeting on July 7.
In connec¬ these objectives:
months of the
Chester Township, N. J.
f
In
1936.
it,
after
.
city's
tion with the July 3 meeting,
following
Mr.
was
the
reported:
speaking for the
stated that the town¬
Bowman,
township,
ship had at a recent regular meet¬
ing considered and approved the
proposal of Boland, Saffin & Co.,
dated June 6, whereby that com¬
pany
would exchange as many
bonds as possible prior to a pub¬
lic sale with the understanding
that
whatever
changed
put
up
concern
on
bonds
Oct.
are
unex¬
1, 1944, will be
at public offering.
This
has
made
a
definite
proposition
in
writing
A
(1)
systematic reduction
the amount of outstanding
to
the
township and guarantees that the
in
debt;
tax rate, reasonable in
amount, and maintained with only
small annual fluctuations;
A
(2)
bonds
issued
only to such an extent as is re¬
quired to accomplish the fore¬
going.'
Refunding
(3)
."The
city budget for 1944-1945
The
D.
fiscal
monthly report
McGoldrick,
leased
on
June
bonded debt of
year.
of Joseph
Comptroller,
re¬
Central
-
total
For
$2,956,942,492 out¬
For
28,
showed
Hanover
Bank
ernment
Trust
&
ter
.47%
$500,000, Sixth Series.. .48%
$400,000, Fifth Series'.
on
May
31,
or
adopt
a new
_
char^
charter by city
council action.
5.
which Bessemer Trust Co., Jersey City:
$49,430,000 was temporary debt. For $300,000, First Series.. .49%
The latter figure compared with
For $300,000, Second Series .48%
$85,060,000 as of July 1, 1943.
*
For $309,000, Third Series.. .47%
New obligations issued during
New York City Tunnel Authority,
the 11 months ended May 31 to¬
N. Y.
taled $240,871,400. of which $230,standing
cities.
of
Power to amend a city
4.
Co., New York:
of
ter
Power to set up a
commission
bv
city char¬
vote
of
the
people, initiated either by the city
council or by petition.
6.
Power to amend a
ter by
city char¬
petition and popular vote.
Two
now
been ^adopted, the
petitions are required, the
Bond Sale—It is officially ad¬
consisted, of
"revenue
program' recommended .in 000.000
first to bring the amendment be¬
vised that an additional $300,000
bills"-for the fiscal year
1943completed. The debt ma¬
block of the $57,000,000 3y2% Bat¬ fore the city council, the second
turities after the fiscal year 1944- 1944. Retirements during this pe¬
1945 are such in amount that they riod aggregated $331,795,742, in¬ tery-Brooklyn
Tunnel construc¬ to force it on the ballot if the;
having
'sound
1936
can
is
be met without
resort to re¬
of them.
ina*mu£h as the company proposes Operation and maintenance taxa¬
without qualification to bid for tion is constitutionally limited. The
whatever
bonds are offered at tax rates of 1946-1947 and there¬
^refunding will be 100% complete
•
■
funding
any.
portion
cluding $65,425,742 of funded debt
and
debt.
$266,370,000
of
temporary
;
The funded debt figures do not
include the balance of assumed
tion
RFC
bonds
on
was
May
taken
total of $12 500,000
up
This
16.
council
by the
makes
petition.
bonds taken up
by the RFC to date.
-
does
not
act
favorably
within two months after the first
a
!
which
the
It
is
new
.'.oof
this
last
power
bill extends.
-
;
Volume /160
Number 4299
THE COMMERCIAL & FINANCIAL CHRONICLE
Port Of New York Authority, N. Y.
North Dakota (State of)
'
,
/
Marion, Ohio
.
277
OKLAHOMA
compromise which would have let
Guymon, Okla.
the city off with payment of 80%
of the principal plus 2% interest.
.
"
'
Redemption Notice
Ferguson,
Chairman,
announces
authority has drawn
by lot for redemption on Aug. 15,
tions Reported—State income tax
collections,-
both
corporate,
that the port
totaled
individual
1944, at 104% of their par value,
for the first six months of the
rent year,
686.37
cur¬
compared with $1,473,-
for
the
corresponding pe¬
according to figures
made public on July 5 by B. B.
riod last year,
3*4s, dated Aug. 15, 1937
due Aug. 15, 1977. The bonds
series,
called bear the following numbers,
Coyne,
all
division of the North Dakota De¬
%
prefixed No. GR(5):
;
/
6090, 6292, 8162, 9047, 9387, 9521,
Of
collected
taxes paid by
that, on the basis of pres¬
figures, anticipated tax collec¬
for the year would exceed
by .approxi¬
<
Bond
Plans
Issue—The
village
at the Office of
Cambridge, Ohio
nual street
1944,
and after Aug. 15,
coupons
after
maturing
that date will be void. The moneys
—
Share
April
and
have been called for
payment on Aug. 1, 1944, and
should be presented for payment
No.
1
<
Chemical
the
at
(P. O. Sidney), N. Y.
Bend Sale—The issue of $20,000
Trust
City,
New York
Co.,
&
Bank
addition - bonds offered
July 7—v. 160, p. 59—was awarded
to R. D. White & Co., New York,
Farmersville Rural School District,
1.10s, at a price of 100.131, a
basis of about 1.06%. Dated Aug.
tion with the sale
The
1
bids:
will
dated
be
office.
in
bonds to J. A. White
of Cincinnati, as 2y4s, at
-
Sale
Bond
with
tion
p.
the
that
bonds
dated
are
March
1. 1943, and mature $415
Nov. 1, 1944, and $600
Utica, N. Y.
Nov. 1,
Certificate Sale—The $1,000,000
certificates of indebtedness offer¬
1945 to 1953.
of
basis
-
728, it is now reported
158,
May and
May and
Net income
2.155%.
about
Details—In
Chemical
Bank
&
Trust
New
Co.,
National
(Plus
$12.00)
Bank,
0.41
—
Mecklenburg County (P. O. Char¬
lotte), N. C.
Sinking Fund Exceeds Bond Is¬
—Douglas Bradshaw, County
Auditor, recently reported to the
Local
Government
Commission
contains
$301,731 and is applicable to re¬
the
sinking
the
sale
of the
The
debt
originally
was
incurred in 1870 and
was
^
1
Ohio
1
»
(State of)
High Grade Municipals In
mand—J. A. White &
De¬
Co., Cincin¬
nati, reported on July
lows:
The
demand
in
12 as fol¬
the
Ohio
municipal market continues to be
later re¬
funded, with the result that the
principal is still unpaid, although
the
county
has
paid
interest
.
The
sinking fund for the issue consists
of the following: $283,813 series F
war bonds; $10,000 series D bonds;
$5,000 certificate in the Federal
Savings and Loan Association and
charges of about $1,000,000.
'1
M
'
of
Charles
H.
1.48%
to
from
1.47%
last week.
The
Sept. 1, 1938. Both issues will be
The two indices were closest to¬
issue is
and
of $178,000 in
15-
subject to call next Sept. 1, nine gether in April, 1944, when the
years
before their maturity in difference was only .29 % in yield.
1953. Such bonds cannot be called
five years
within
Austin
Mr.
West
of issue.
made
the
Bond
recom¬
mendation for calling in the bonds
the
because
the
from
money
available
is
of
accumulation
funds
received in payment of delinquent
real estate taxes.
When
these bonds
are
paid the
county will have liquidated $862,142 of its bonded debt this year, to
leave
a
of
balance
$1,519,000
in
Union, Ohio
Offering—Mary Greenlee,
Village Clerk, will receive sealed
bids until noon on July 26 for
the
purchase of $5,000 4% water
improvement bonds. Dated
June 1, 1944. Denomination, $500.
Due $500 Dec. 1, 1945 to 1954. Bid¬
ders may bid for a different rate
of interest in a multiple of V\
of 1%. No bid for less than par
works
and
accrued
interest.
Enclose
a
principal and $157,365 in interest, certified check for $250, payable
the auditor explained; Payment of to the Village Treasurer.
this debt may be spread between
Willowick, Ohio
now and 1954, he added. *
;
$2,918.75 in cash.
At
the end
of 1944 the bonded
Tenders Wanted—William
C.
Village
Clerk, ' an¬
debt and interest of Lucas County
nounces
that $5,000 is available
will amount to $1,676,365, com¬
for
the
purchase of refunding
pared with a gross debt and in¬
bonds, dated Oct. 1, 1936, and is
terest of $2,538,507 on "Dec. 31,
asking for sealed tenders of such
1943.
:
V/'"
obligations until noon (EWT) on
Mr. Austin said the county debt
Aug. 4. Price named in the ten¬
has been paid off at the rate of ders must not exceed face value
Dettman,
WORTH
V
DAKOTA
-Cavalier, N. D.
£ Bonds Voted—A recent election
resulted in favor of issuing water
plant revenue bonds,
stand.
'
'
under¬
we
'
.,
Grafton, N. D.
Bonds Voted — At the primary
an issue of
bonds was ap¬
proved by the voters by a wide
election held recently
$15,000
margin.
airport
-
'
•
:•
/
about
the
a
13
million dollars
years
amounted to
it
had
decade
at the
year
ini0f the bonds and bonds tendered*
it
$14,942,360, to which
since
climbed
from
a
in
the
1930 when
the
preceding
must be
ready for delivery to the
Village Clerk not later than Aug.
8.
No interest will be paid after
$2,494,539 mark j that date on bonds
purchase.
end of 1920.
construction and
offered
for sale
awarded
Bank
City
at
1.42%.
$75,000 hospital
equipment bonds
July 12 were
on
the
to
•
&
National
First
Trust
Co., of Oklahoma
net interest cost of
a
accepted for
holders
$5,000 in
1957.
The next
highest bidder was R. J. Edwards,
inc.,
at
1.625%.
interest
net
a
of
cost
Allegheny County (P. O. Pitts¬
burgh), Pa.
Bond Offering
—
receive
sealed
(EWT)
on
until
bids
11
a.m.
July ,25, for the pur¬
property
bond issue revenue, was
im¬
declared
impossible.
In
r
effort to collect their in¬
an
the bond holders, in¬
vestments,
cluding the Nagle interests, took
the matter
a
tp court here, and won
decision that afforded them 80%
of their
principal investment/plus
interest of 2%.
All
investors
accepted, except
interests, which took
the case to the high court, demanding full face value return,
plus 6% interest.
Joseph C. Martin, City Finance
Director, said that the city will be
able
to
finance
approximately
$95,000 of the judgment from its
present balance, but will have.to
borrow approximately $30,000 to
the
Nagle
meet the remainder of the debt.
The bonds
ly
issued original¬
were
finance
to
street
and
sewer
constructions
and
Harrison Twp.
(P. O. Natrona), Pa.
is stated by C.
improvement,
mainly in the Frontier Place sub¬
urb, with the idea of regaining
funds to pay off the bonds
on
their
retirement
by
assessing
property owners in the district.:'
Robert G.
Woodside, County Controller, will
whose
c on
provements were made with the
Due $7,000 in 1947 to 1956,
and
$22,000
bonds, made March 1, 1938,
the other is $25,000,
made
fund
demption of the $300,000 railroad
bonds of 1920 which mature in
1950.
c
County Auditor, made on
One
year
that
1
«
30.
June
NORTH CAROLINA
sue
•'
Tahlequah, Okla.
Bond Sale—The
PENNSYLVANIA
spread between the prices for
high grade bonds and the prices
for lower grade bonds now stands
at .33% compared with a spread
of only .30% that prevailed for
several weeks in May and June.
Austin,
York
New
<
recommendation
0.39
(Plus $7.00)_J
-York
Chase
•
.
^
connec¬
principally for high grade names.
ed for sale on July"12—v. 160, 167 Lucas
County (P. O. Toledo), Ohio Our index of the yield on 20 Ohio
—were
awarded to the Bankers
bonds
remains unchanged* from
Bond Call Recommended—Two
Trust Co., at 0.36 %. Dated July 14,
last week at 1.31%, and the yield
issues of county refunding bonds,
1944. Due Nov. 14, 1944.
on
10 high grade Wrnds is also
Other
totaling $203,000, will be called
bidders were as follows:
unchanged at 1.15%. On the 10
Sept. 1 and paid off, nine years
^Bidder:
Rate
lower grade bonds, however, the
before their maturity date, to save
Central Hanover Bank & Trust Co.,
yield (which moves inversely with
New York, and Barr Bros. & Co.
0.38%
$51,577 in interest charges, when
National
City
Bank,
New
York
the price) moved a shade higher
county commissioners follow the
(Plus $17.00)
i
.>
0.39
T
*
•
•
;
>
street, sewer and sidewalk bonds
to the City Treasury Investment
100.507, report of which appeared
v.
price of
a
Niles, Ohio
in
Buffalo, 1.10s, 100.116; Geotge B.
'Gibbons & Co., 1.20s, 100.119,
|
1944,
to
1949, inclusive.
Marine
Trust Co.,
1945
from
Other
bonds
1,
1, in 1945. Interest payable M-N.
connec¬
of the $11,630
$15,000, 0.975s, at
Newark, Ohio
&
Co.,
Edwards, Inc., all of
City at par, a net in¬
Oklahoma
terest cost of
has
refunding
1944, and due
1,
Details—In
Sale
Bond
on
and the R. J.
Bonds
$4,000 on Aug.
Ohio
as
sale
C.
to
OREGON
Board, report of which appeared
in v. 160, p. 60, Homer Thomas,
City Auditor, now reports that the
bonds were sold at par as 3s, and
mature $11,000 on May and Nov.
building
for
160, p. 168 — were
Edgar Honnold,
First National Bank & Trust Co.,
awarded
100.00.
$1,950. Due $1,950 on April
1, in 1945 to 1949.
inclusive,
Sidney, Franklin, Masonville, Unadilla
and Guildford Central
offered
v.
—
and Oct.
urers
B."SymondC
Clerk,
states
that water
refunding bonds series 1937,
181 to 187 and 189 to 252,
City
15, 1944 and not yet used
to retire bonds of that series.
11
for
Nos.
Elyria, Ohio
Called—D.
July
bonds
mately as of Dec. 1, 1944. Denomi¬
of $19,000
$1,000 de¬
nominations and mature $19,000
on
Oct. 1 from 1945 to 1954, in¬
clusive.
Principal
and
interest
(A-O) payable at the City Treas¬
Bonds
works
not to ex¬
ceed 3%
fire truck repair and
purchase bonds.
Dated approxi¬
issue
an
1944.
_
to Feb.
<
$1,050. Due $1,050
Oct. 1 in 1945 to
works
the remaining
balance of moneys paid into the
Fifth Series Sinking- Fund prior
District
Dated
0.9375%, as follows:
For $5,000 maturing in 1947, as
%s, and $10,000 maturing $5,000
in 1948 and 1949, as is. The next
highest bidder was: Stern Bros. &
Co., and Baum, Bernheimer Co.,
August
represent
School
without consent of
July 1, 1944.
bonds,
voters.
Council
000 in 1946 to 1954, $96 in 1955.
■-
bonds
.
improvement bonds of¬
on
July 5, were
to
the above
to be used in redeeming
—
for, sale
awarded
transfer powers in blank. Interest
on the said numbered bonds will
on
R. J.
Pre-
Authorized—The
City
passed an ordinance
Walter,
Woody &
authorizing an issue of $190,000
Heimerdinger of Cincinnati, as 2s,
at a price of par.
Dated July 1, bonds to provide for redemption
1944.
Denomination $1,000, one of an equal amount of street im¬
for $96. Due Jan. 1 as follows: $1,- provement notes maturing Aug. 1,
fered
by duly executed assignments or
all
-
""Bond" Sale—The $9,096 semi-an-
The
bond .holders—the Nagle
Engine and Boiler Works, holding
$36,000 worth1 of the defaulted
•.
of
contemplates issuing $5,000 bonds
for sidewalk improvements, y.
Bank Farmers Trust
Company, 22 William Street, New
York City, with all unmatured in¬
terest coupons attached.
Regis¬
tered bonds must be accompanied
and
167:
p.
nation
Amelia, Ohio
price will
surrender of said
connec¬
-
on
<
Details—In
Sale
distribution
gas
Rate
Denomination
figure
Bond
Interest
last
City
cease
160,
v.
the
year's
a
system bonds to
Edwards, Inc., of Oklahoma
bonds; the Pennsylvania Boiler
City, at a net interest cost of about
Works, a subsidiary, holding $25,Bidder:
>
' /'•■"•
(%,)
mium
1.37%, report of which appeared
National City Bank, Marion
1
$17.50
in v. 160, p. 60, Mrs. Dortha Hunt, 000; F. L, Nagle, holding $1,000,
J. A. White & Co., Cincinnati
109.00
VA
and Douglas Nagle, holding $500
City Clerk, reports that the bonds
Provident Sav'gs Bank, Cinn.
i%
38.50
won an order for payment of full
Pohl and Company, Cinn.___
2
35.00
were sold as follows:
$9,000 ma¬
6% interest on their holdings in
turing $3,000 in 1947 to 1949, as
Medina, Ohio
the court's order, which concluded
Bond Resolutions Passed
A IV2S, and $5,000 maturing $3,000
in 1950, and $2,000 in 1951, as many years of litigation in Erie
resolution was passed by the Vil¬
County courts.
lage Council on June 20 authoriz¬ iy4s.
The bonds were defaulted by
ing the issuance of $10,500 3%
the city in 1926, because collection
Norman, Okla.
street
improvement, Village's
Bond Sale
The $15,000 water
of assessments against property
reported in
tions
The said redemption
bonds
;
amount
following is
and their bids
34714, mately $500,000. For the 1943 cal¬ 1949.
endar year total collections aggre¬
35999,
A resolution was also passed at
*
38065, gated $2,017,340.39.
the
same
time
by the Council
50385,
OHIO
providing for submission to the
51724,
voters at the November election
31572, 31588, 31790, 34585,
34732, 35682, 35841, 35842,
36158, 36662, 36663, 36817,
38149, 50275, 50311, 50318,
50520/ 51267, 51600, 51608,
53578,53604,53784.
numbered
total
this year,
far
tax
stated
ent
31327, 31357, 31376, 31386, 31415,
the
income
corporations
represented
$517,917.97, reports Mr. Coyne.
He
28652, 29460, 29491, 29695, 29852,
29905, 30420, 30654, 30747, 30832,
upon
the
thus
22917, 23253, 23328, 23370* 27268,
27282, 27943* 28062, 28481, 28585,
paid
the
partment of Taxation.
9929, 9931,'10066, 10348/ 10919,
12663, 13605, 14238, 15679, 15980,
15981, 19526, 22632, 22776, 22906,
be
chief of
of the bidders
list
and, for the $35,000 city hospital bonds,
which were awarded on July 1, as tion! with the sale of the $14,000
$1,811,703.60
$74,000 principal amount of gen¬
eral
and refunding > bonds fifth
and
List of Bids—The
^Improved Income Tax Collec¬
Frank C.
—
Sold—It
Bonds
A.
Township
Grove,
Secretary,
that $30,000 semi-annual township
bonds were offered for sale on
chase of $3,000,000 not to exceed July
10 and were awarded to
2% coupon funding bonds. Dated Glover & McGregor, of Pittsburgh,
1944. Denomination $1,- as l%s, at a price of 102.27, out¬
$300,000 from Aug.' 1, bidding Moore, Leonard & Lynch.
1945 to 1954. Interest payable F-A.
Mt. Lebanon Township (P. O. Mt.
Rate of interest to be in a mul¬
Lebanon), Pa.
tiple of V% of 1%, and must be the
Bond Sale—The $125,000 semi¬
same for all of the bonds, and the
annual
refunding bonds offered
rate will be determined by the
for sale on July 10 v. 159, p. 2686
County Commissioners upon ac¬
Aug.
000.
1,
Due
ceptance of the highest and best
bid.
Registerable as to principal;
only. Bids must be unconditioned
and for all of the bonds, and must
be upon blank forms which will
be furnished by the County Controller
upon
application.
The
county will pay or refund any tax
which may be legally levied or
assessed upon the bonds or upon
the debt secured thereby under
any present or future law of the
The
Commonwealth.
of the
bonds
sale of the
subject to the approval
is
bonds
ley & Co., Inc:, and the
Pittsburgh Trust Co.,1
burgh, jointly, as IV4S,
price of 100.908, a basis
Affairs.
In
of 100.818.
prior to the delivery of the bonds
the income received by private
holders
from
of the
bonds
Pennsylvania (State of)
Franchise
event that
the
same
type and character shall be tax¬
the terms of any Federal
able by
Peoples-
of Pitts¬
paying a
of about
1.14%. Dated July 1, 1944. De¬
nomination $1,000. Due July 1, as
follows: $10,000 in 1945 to 1949,
and $5,000 in 1950 to 1964.
The
next highest bidder was: Hemp¬
hill, > Noyes
&
Co.,
Phillips,
Schmertz & Co., and Geo. G. Applegate, jointly, for l^s, at a price
proceedings authorizing the
by the Department of In¬
ternal
awarded to Harriman Rip¬
—were
chise
Tax
Law Upheld
Court—The
Supreme
tax
act
1935
by
fran¬
upheld as to
the State Supreme
ruling handed down
Philadelphia on June 30. The
validity
Court
at
State
in
is
was
by
.
a
said
to
have
collected
the successful
over $30,000,000 from out-of-state
bidder may, at his election, be re¬
lieved of his obligation under the corporations under this act dur¬
contract
to purchase the
bonds ing the last three years.
and in such case the deposit ac¬
Ruling on appeals filed by Ford
companying his bid will be re¬ Motor Co. and Quaker Oats Co.,
turned. The successful bidder will the court held that, under the act,
income
tax
-law,
furnished with the opinion of all of Ford's $494,000,000 stock
Burgwin, Scully & Churchill, of capitalization and Quaker Oats'
Pittsburgh, that the bonds are $75,000,000 were properly consid¬
valid general obligations of the ered in measuring the amount of
;
v
county, payable from ad valorem tax to be levied.
taxes levied upon all the taxable
Justice Allen M. Stearne wrote
be
therein without limita¬ in the Ford
property
tion
a
as
to rate
or
amount. Enclose
certified check for
able to the
county.
:
Erie, Pa.
r',;,
n
$60,000, pay¬
Paving Bond Decision Will Cost
Municipality $125,000
—
The city
must pay a
total of approximaely
$125,000 in principal and accrued
interest
to
defaulted
k
four
Erie
street
holders
of
/improvement
case
opinion that the
used all its capitalization
in conducting a "unitary" enter¬
company
prise. "Obviously," the opinion
added, "the company cannot en¬
joy all the practical advantages of
atttempt
an
industrial unit and
to
deny for tax purposes the in¬
...
tegration of the enterprise."
Contention
pany was
of
the
Ford
com-*
that its activities in the
and production of raw
the State Supreme Court purchase
material and in the manufacture
a session in Philadelphia
of steel and glass were wholly
recently, on the appeal of the
of
Pensylvania, and
bond holders against a proposed outside
bonds,
ruled in
^therefore could not be considered
in fixing a Pennsylvania tax.
The principle set forth in the
Ford case opinion also was fol¬
lowed by the court in its decision
Wheeler, of Providence, will be
furnished
the
purchaser.
The
bonds will be certified as to gen¬
San
Jacinto
Industrial Trust
by the
uineness
and will be
Providence,
of
Bond
by
Treas¬
County
that the following county
refunding bonds are called for
urer,
payment on Aug. 10, at the State
Enclose a cer¬ Treasurer's office:
Other
Cook, tified check for $1,000, payable to
$133,000 Road Series III of 1937,
Borough Secretary, submits the the Town Treasurer. *
bearing 3% to 5% interest,
following list of other bidders in
dated Oct. 10, 1937, maturing
connection with the sale of the
SOUTH CAROLINA
Oct. 10, 1972, optional Oct. 10,
$20,000 flood control bonds
to
1938, being all the remaining
South Carolina (State of)
Moore, Leonard & Lynch of Pitts¬
War
Bond
Holdings
Exceed :$!■ outstanding bonds of an orig> inal issue of $347,127.98.
burgh as 13/4S, at a price of 100.78,
$11,000,000—The
State
Sinking
a basis of about 1.61%, report of
97,000 Road, Series IV of 1937,
Fund
Commission invested $6,which appeared in v. 160, p. 168:
bearing 4%
interest, dated
074,000 in Fifth War Loan bonds,
Interest
Oct. 10, 1937, maturing Oct.
thereby increasing to $11,074,000
Bidder:
Rate
Price
10, 1957, optional Oct. 10,1938,
the State's total holdings of such
Phillips, Schmertz & Co.—
1%% 100.633
being all the remaining out¬
Singer, Deane & Scribner_
2
' 102.775 instruments, it was - announced
First National Bank, Port
standing bonds of an original
July 5 by Sam B. King, Secretary
Allegany
2
102.50
issue of $107,000.
of the Commission.
100.000 Road Series II of 1940,
Ridley Township School District
delivered
Allegany, Pa,
Bidders — F. S.
Port
'
;
i
about Aug. 10, at
or
on
said trust company.
"
Bond Sale
The $30,000 semi¬
—
improvement bonds of¬
July 10—v. 160,
annual
fered for sale on
61—were awarded to Phillips,
of Pittsburgh, as
p,
Schmertz & Co.,
iy2s, paying a price of 101.385, a
basis of about 1.40%. Dated Aug.
Tripp, S. Dak.
Singer, Deane & Scribner for lV2s,
at a price of 100.374, and Blair &
Inc., for
lV2s, at a price of
'100.258.
of
(P. O.
School District
Scranton), Pa.
Bond Sale —The $359,000 cou¬
v
semi-annual refunding bonds
pon
offered for sale on July 10—v.
160,
p.
168—were awarded jointly to
Phelps, Fenn & Co., and Hemphill,
Noyes & Co., both of New York,
$30,000 water system and $30,000
system bonds.
TENNESSEE
Bond
Chattanooga, Tenn.
Tenders Invited — It
is
T. R. Preston, Chairman
the Sinking Fund Commission¬
stated by
of
basis of about 1.43%. Dated July
Interest ceases on date
"B" or "C" and fund¬
ing bonds of the City of Chatta¬
nooga,
Tenn;, all dated May 1,
1935, and maturing May 1, 1950,
until July 27, at 10:00 a.m.
The Sinking Fund Commission¬
ers have in the sinking fund for
the
of
purpose
said
purchasing
Warrant Call
in
is for
suffi¬
a
$785,687.29.
prior
void because of the
of two
the bidding were:
submitted-, the Sinking Fund Com¬
mission will consider tenders of
make
100.055
—
Buckley Bros., and
i
Rambo, Keen, Close &
101.801
Kerner, jointly*
Moore, Leonard & Lynch,
Singer, Deane & Scribner,
MacGregor,
received
for
Bidders
tendered.
be
to
if they
stipulate,
so
desire,
,>
the
were
$46,400
and place
said bonds will be de¬
livered, if tenders are accepted.
shall
Tenders
accompanied
be
by certified check upon any
in¬
corporated bank or trust com¬
pany for 1% of the face amount
of
Fund
tendered
bonds
the
payable
the
to
or
pur¬
Sinking
Commissioners.
tion
„
1), Pa.
R. F. D. No.
Details—In
Sale
sale
with the
of the $30,000
were
advised that the bonds
now
sold
101.00,
a
l%s, at a price of
basis of about 1.616%.
as
.
ISLAND
RHODE
North
Kingstown (P. O. Wickford),
R.I.
Bond Offering
—
July 17, for the purchase of $50,not
to
exceed
4%
coupon
water, series B, 1944 bonds. Dated
Aug. 1, 1944. Denomination $1,000.
Due
$2,000 from Aug.
1971.
of
Rate
1,
interest
to
1947 to
be
same
W. Dance,
County Court Clerk, will receive
until 10 a.m. on July
sealed bids
28,
for
the
purchase
Denomination
1944.
of $30,000
Dated
bonds.
memorial
Aug.
$1,000.
1,
Due
1964. The bonds will
and accrued inter¬
est cost to the county, after de¬
ducting premium, if any.
Prin¬
cipal and interest (F-A) payable
July 1,
on
be sold at par
for all of the bonds.
The
purchaser will
of sale, including
printing bonds and attor¬
ney's opinion as to validity of said
New
York.
bear all expense
cost of
bonds.
A
certified
check
for
$1,500, payable to the County
Trustee, must accompany bid.
Newport, Tenn.
in
multiples of % of 1%, and must
be the
Tenn.
Offering—J.
Bond
at the Chemical Bank & Trust Co.,
Mary E, Staf¬
ford, Town Treasurer, will receive
sealed bids until noon (EWT) on
000
(P. O. Knoxville),
Knox County
connec¬
refunding bonds to the First Na¬
tional Bank of Bangor, report of
which appeared in v. 158, p. 1291,
it is
appropriation at the next session
State Legislature. Out-ofState holders of such warrants are
of the
requested
notify
to
State
the
Treasurer's office.
Holders of
general revenue war¬
Sept. 1, 1941
Bond Call—The town has called
for
redemption
electric
on
and
mediately, as these warrants will
be
outlawed by the statute of
limitation on Aug. 31, 1944.
Other
than
general
revenue
warrants,
cashable
be
Sept. 1, 1944,
all
State warrants are
issued and should
when
presented immediately for pay¬
presentation for
of these warrants will
greatly appreciated by the
ment.
Upper Mount Bethel Township (P.
Bond
Representative of their district to
have them presented to the Gen¬
eral Claims Committee for special
Aug. 31, 1942, should present
these warrants for payment im¬
chased,
borough bonds.
O. Bangor,
should
arrangements with the State
warrants
these
rants issued between
.
Received—There
Bids
bids
bonds
number of
Posses¬
tendered and shall state the time
Shenandoah, Pa.
No
-■
bidders shall specify
or
now
chase of all or none of the bonds
Phillips, Schmertz & Co.,
and
•
■'
:'■;■■■• V ■.1
Geo. G. Applegate, jointly_101.039
no
Tenders
dated
State's statute
years' limitation.
of
sors
that their tenders are for the pur¬
Stein Bros. & Boyce
Y
date prior to
the interest rates and
may
Glover &
■
issues of bonds of the city
other
having a maturity
May 1, 1950.
' V)
1%% Bonds
Charles Clark & Co.,
1941, are
1,
Sept.
to
cient amount of said bonds at an
yield
is
issued
General revenue warrants
basis to the Com¬
mission of 3%%, or more, are not
For
he
that
includes
which
Series),
warrants
interest
Halsey, Stuart & Co.,
For lV2s
State Treasurer
all
prior to and in¬
cluding May 30, 1944. This call
44
Prompt
payment
be
Yield
about
6V2% of the total income from all
and being more than 12%
of income from realty taxes, ac¬
sources
cording to the Municipal Finance
Officers Association. Although the
license code includes 180
classifications, most of
citys
different
paid by retail and
whose li¬
based on volume of
the money was
merchants,
wholesale
are
censes
State Treasurer's office.
shall not
istration
affect negoti¬
ability of coupons.
After notifi¬
cation of the award and prior to
1, 1944, the
Aug.
successful bid¬
required to deposit
the bid in cash
be
will
der
the total amount of
Spokane and Eastern Di-;
the Seattle-First Na¬
tional
Bank
of
Spokane, such
amount to be held by that bankas
trustee for the holders of all
bonds
of the aforesaid Sept. 1,!
1940 issue and to be disbursed by
with the
vision
of
said trustee
as
of Sept. 1, 1944, for
all. outstanding,
is-,
Sept. 1, 1944 or within
clude every form of business and
10 days thereafter the Washing-:
profession under some form of li¬
ton Toll Bridge Authority will de-;
cense tax, with
the exception of
liver to the Spokane and Eastern'
manufacturers, who come under a
Division of the Seattle-First Naspecial state levy based on in¬
tional Bank the bonds for trans-:
vested eapital. '
mittal and delivery to the suc¬
In trying to reach all occupa¬
cessful bidder,. The bonds are to
tions and
professions, a section be used for the purpose of pro¬
'was added to the municipal license
viding funds for the payment in
code to the effect that any enter¬
full of all of the Lake Washing¬
the
business.
Efforts
have been made to
in¬
payment
prise or profession not specifically
covered by the code must pay a
flat fee of $50 annually.
On
Toll Bridge Authority
Offering
Bond
—
Wash.
Bridge Revenue; bonds of
ton Toll
Authority issued under res¬
olution of the authority as; adopted
said
Oct.
WASHINGTON
of
bonds of the said Sept. 1, 1940
sue.
(P. O. Olympia),
calling for payment at face value,
State general revenue warrants to
and* including No. 684,362 (1943-
bonds the sum of $100,000..
In the event tenders
—
reports
James
Jesse
representing
amount
the
of )
Texas (State
of
bonds
refunding
of
tenders
Fees
License
Business
$785,000—The city collected $735,000 from business licenses in 1943,
Washington
port bonds.
payable
holder, his le¬
gal representative or assigns. Reg-,
Va.
issuing $60,000 air¬
the question of
15, 1944. Due on July 15 in 1945
1962 inclusive. Runners-up in
to
called.
Taylor, Texas
Proposed Bond Issue—The City
Council
recently
discussed the
matter of holding an election on
will receive sealed
he
that
ers,
IV2S, paying a price of 100.575,
as
a
of this issue Nos.
sewer
Series "A,"
Scrantcn
10, 1951 to 1962, optional Dec.
10, 1942, being all the bonds
1 to 100.
on
issuance
authorized
27
bearing 4%
interest, dated
Dec. 10, 1940, maturing Dec.
-
votors
Voted—The
Bonds
June
1, 1944. Denomination $1,000. Due
$1,000 from Aug. 1, 1945 to 1974.
The next highest bidders were:
Co.,
DAKOTA
SOUTH
Woodlyn), Pa.
(P. O.
1944
only to registered
Richmond,
—
McMurrey,
Sam
registered bonds shall be
VIRGINIA
Cold-
(P. O.
County
spring), Texas
Call
It is reported
&
Co.,
Oats case.
in the Quaker
Allen, Tillinghast
ion of Hinckley,
Monday, July 17
FINANCIAL CHRONICLE
THE COMMERCIAL &
278
4,
1940, which are outstand-*
ing on Sept. 1, 1944 (said 'bonds
being called for retirement as of
that date), and in addition all ex¬
penses incident to the calling and
will payment of said outstanding bonds,
J. W. Hoover,
Secretary of the Authority,
receive sealed bids until 10
a.m.
issuance of said refund-,
the
and
(PWT), on July 25, for the pur¬
chase
of $4,815,000 Washington
ing bonds, which latter shall in¬
clude but shall not be limited to
Toll
Bridge revenue refunding
Dated Sept. 1, 1944.
De¬
nomination $1,000.
Due Sept. 1,
any
bonds.
fees, all legal fees for study and
examination of the refunding is¬
1960,
redemption
interest
Sept. 1,
terms of par and ac¬
optional
for
prior to maturity on any
payment date on or after
1945, upon
interest
crued
together
with
a
of 3% of the principal
if redeemed on or prior to
premium
amount
Sept. 1, 1947; 2% of the principal
amount thereof if redeemed sub¬
sequent to Sept. 1, 1947,
and on or
prior to Sept. 1, 1950; 1% of the
principal amount thereof if re¬
deemed
subsequent to Sept. 1,
1950, and on or prior
to Sept. 1,
1955, and without premium if re¬
deemed
subsequent to Sept. 1,
1955, and prior to maturity, pro¬
that such redemption may
vided
accomplished upon terms of
and accrued interest without
premium on the following op¬
tional dates respectively: $375,000
on Sept. 1, 1945, $385,000 on Sept.
be
par
1, 1946. $395,000 on Sept. 1. 1947.
$405,000 on Sept. 1. 194g, $420,000
on Sept. 1. 1949, $435,000 on Sent.
1,
1950, $450,000 on
Sept. 1. 1951.
$465,000 on Seot. 1. 1952, $480,000
on Sept. 1, 1953, $495,000 on Sept.
1,
1954, and $510,000 on
1955.
Sept. 1,
and all escrow and Trustees'
opinions thereon and
printing, authentication
and delivery of said bonds.
No
bid to be considered for less than
all
of
said $4,815,000
principalamount of bonds, nor for less than*
and
sue
costs
of
the par
interest
of
case
the
to
value thereof and accrued
to date of delivery.
In
bids identical in amount
Authority reserves
make the award in
the right
its discre¬
of such bidders whose
equal.
The right is re-,
served to reject any and all bids
and to waive any irregularity or;
informality in any bids.
All bid¬
ders must accompany and deliver
to the authority with their bid a
certified - or cashier's
check for
tion to any
bids
are
$100,000 drawn on a bank or trust
company
authorized to transact"
and transacting business in-the
State of- Washington, to the order
of
the Washington Toll
Bridge
Authority, the
amount of which
check will be forfeited to the Au¬
thority
as
liquidated
damages
failure of any bidder, uport
award,- to complete and fulfill the!
terms of the bid.
Action will be
taken on all bids submitted not
upon
later than 9 p.m. (PWT), on July*
specify the rate of
'
' ,
the bonds shall 25, 1944.
Utah (State of)
1
bear with all bonds to bear a uni¬
WEST VIRGINIA
Large
Treasury
Balance Re¬ form rate.
Interest rates as bid
ported—State Treasurer Oliver G.
shall be in multiples of V\ of 1%. Cabell County (P. O. Huntington),
Ellis has published the fact that
W. Va.
The highest bid will be deter¬
Utah's treasury balance of $16,mined by deducting from the to¬
Bond Sale—Nelson, Browning.&
942,509.25 on June 30, compared
tal amount of interest computed
Co., of Cincinnati, purchased re¬
with a figure of $13,720,071.95 a
to maturity of the bonds, at the cently $1,447,000 2%% .semi-an¬
year ago.
rate
specified
in the
bid, the nual bridge revenue refunding
A. A. Firmage, tax commission
amount of premium, if any, bid bonds.
Dated July 1, 1944.
De¬
cashier, reported that Utah spe¬ therefor and the award will be
nomination $1,000.
Due Aug. 1„
cial tax collections reached an allmade on the basis of the lowest as follows: $74,000 in 1951, $78,-'
time high of $19,694,760.56 in the
net
interest
cost
computed as 000 in 1952, $82,000 in 1953, $86,fiscal year ended June 30, com¬
aforesaid.
•
000 in 1954, $90,000 in 1955, $94,-1
pared with $18,620,084.15 in the
Principal and interest payable 000 in 1956, $98,000 in 1957, $102,preceding fiscal year and $15,925,- at the
principal office of the Spo¬ 000 in 1958 and 1959, $103,000 in
794.40 in the 1943 fiscal year.
All
kane and Eastern Division of the
1960 and 1961, $104,000 in 1962.
major taxes, except gasoline and Seattle-First National
Bank
of $110,000 in 1963 and 1964; and
motor vehicle registration, have
Spokane, or at the option of the $111,000 in 1965. Bonds maturing
increased substantially in the last
holder of the resoective bonds at in 1959 to 1965, are callable as a
Bidders must
UTAH
interest
which
,
three years.
the princioal office of the fiscal whole, or in part, in inverse or¬
revenue
agent of the State of Washington der of maturity.
VERMONT
A, dated Sept. 1,
in the City of New York (Chem¬
bid price, the payment of accrued 1939, in $1,000 denominations, due i
' " St. Albans, Vt.
ical Bank & Trust Company), or
interest from date of bonds to date Sept. 1,1949, and bearing numbers
Bend Sale
The $19,000 semi¬
at
the
principal office of the
of delivery. No bid for less than 80 to 92, inclusive. Funds for re¬ annual refunding bonds
offered
American National Bank & Trust
NEWFOUNDLAND
par and accrued interest will be demption of the bonds at the call for sale on July 10—v. 160, p. 63
Company of Chicago.
Said bonds
accepted. The bid of a price and price of 104 plus interest to Sept. —were awarded to E. H. Rollins
St. Johns, Newfoundland
shall be
negotiable instruments
interest rate which will result in I will be on deposit at the Chem¬ & Sons of Boston, as 1.60s, at a
under the law, provided, however,
Bond Call—The Montreal Trust
the least interest cost to the Town ical Bank & Trust Co., New York, price of 100.326, a basis of about
upon presentation at the office of
the
Merchants
& Planters
Co., Montreal, trustee for the sink¬
will be considered the highest bid. and
1.58%. Dated Aug. 15, 1944. Due
the State Treasurer same may be ing fund, has drawn for redemp¬
Bank in Newport,, on and after
The interest cost will be com¬
on Aug. 15 in
1962 to 1965. Sec¬
registered as. to principal only in tion on Aug. 1, 1944, $20,000 6%
the redemption date.
ond best bidder was Kenneth B.
puted by ascertaining the total
the name of the owner on* the sinking fund bonds, due Feb. 1,
amount of interest required to be
Hill
&
Co., offering 100.63 for
TEXAS
1947, divided as follows: $14,000
books in his office, such registra¬
1%% bonds.
paid during the life of the bonds
Series A, $1,000 each; $3,500 Se¬
Mason County (Pi O. Mason),
and
deducting
therefrom
the
Other bidders were as follows: tion to be noted on the reverse
ries B, $500 each; $2,500 Series C.
Texas
amount of the premium, if any, bid.
Bidder—
Int. Rate
Price
side of the bonds by the State $100 each. Bonds will be redeemed
Kenneth B. Hill & Co.
1 %■%
100.63
Bonds Defeated—A recent elec¬
Principal and interest (F-A) pay¬
Kidder, Peabody & Co.__
l3/4
101.31 Treasurer as Bond Registrar, and at par and accrued interest to
able at the Industrial Trust Co., of tion resulted in the defeat of $50,- Lvons & Shafto____
1%
100.09
Aug. 1 at any of the principal ofFirst Boston Corp
Providence.
The approving opin¬ 000 hospital bonds, it is reported.
2
102.', 0 thereafter the principal of such
Bids
and
are
to be for the entire issue
must
include
in
addition
to
3%%
bonds,
system
series
CANADA
—
.
.
,
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4299
Volume 160
fices of the Royal Bank of Canada
in the cities of St. Johns, Mon¬
treal
Sale—Harrison
Bond
issue
of $160,000 3% improvement
bonds, due serially from 1953 to
Toronto have
purchased
an
Interest J-D.
1957 inclusive.
Ont.
Mimico,
Bond Sale—An issue of $250,000
3%%
improvement
bonds
was
purchased recently by Harrison &
The bonds mature
Co. of Toronto.
Interest J-D.
from 1965 to 1969.
Wallaceburg, Ont.
Bond
Sale—Harrison
Toronto recently
000 bonds
of
Co.
&
purchased $180,-
follows:
as
$120,000 3% improvement bonds,
•,
maturing from 1955 to 1964
1
•
;
Interest J-D.
inclusive.
60,000 2i/2% improvement bonds,
maturing from 1945 to 1954
165
2684
60
2687
57
5
2462
2462
166
168
167
Shows
the -last
During
fiscal
the
year
sideration, was $3,547,967.16.
legislation by the
government, the city
was
allowed during the 1943-44
fiscal year to forego meeting com¬
mitments
to
its
sinking
fund
which had since been wiped out
by the reorganization of its $228,000,000 funded debt.
v
:
In his report, Finance Director
Roberge warned the administra¬
tion that it must adopt a strict
"pay - as - you - go" policy. He
of
Because
provincial
;
warned
administration
the
and
succeeding ones against mortgag¬
ing the future of the city benod
its capacity to pay, and insisted
that any future loans must be met
from current
"»
revenue.
017,086
the
future
capital
new
funding, making
145.
In the
created,
issues
1942 the breakdown is
and
$151,193,581
created:
refunding
limited
be
to
purely municipal problems and
projects and that if any arrange¬
ments are made for capital ex¬
penditures
of
doubtful
nature
"superior, governments," provincial and federal must pay their
amount of
the amount
capital
new
debt
'
'
'
*
Period
years,
>
Total
New Capital
Volume
Refunding
Although his report did not
director apparently was
referring
to direct relief, housing and other
expenditures the greater part of
which, if not all, are borne by the
'city.
>
*
past
"The
precedent,
but
I
without
were
revenues
must
the
warn
returns
to
normal
will
there
be,
beyond doubt, the greatest neces¬
sity to control expenditures in the
strictest sense," he said.
The
City of Montreal had never
a liquid position as
in such
been
Director Roberge.
Instead of ow¬
ing banks $6,427,836 in treasury
bills because of borrowing in an¬
ticipation of revenue, the city had
completely wiped out temporary
(
loans
had
and
a
cash balance
.
bonds
offered for sale
on
July 7
awarded to Wood, Gundy
&
Co., of Toronto, at a price of 97.77.
Dated July 1, 1944.
Interest rate
not
stated.
Due
serially in 20
years.
Other bidders were as fol¬
were
4
1947-1964
82,000
District
Dist.
Price
96.85
96.64
Bidder:
Gairdrier
A.
E,
& Co.__
____
—,
Ames & Co.—
Dominion Securities Corp.,
*.
•>] i ■ /
——
Toronto
,
.
-i
96.64
.
'i.
<
,■
No.
2464
Hidalgo
Houston,
County
No.
6,
3.00
29,000
IV2
-
Water
Imp.
Texas.—
1945-1964
2,040,000
100.27
1.22
1951-1957
r725,000
101.00
1.38
1945-1954
ri.7,000
101.00
1.39
1945-1954
rl02,000
101.00
1.38
1946-1949
r7,000
1946-1955
r29,000
Jefferson County,
1945-1958
r616,000
1945-1954
r140,000
1945-1975
3,000,000
100.08
1.40
1945-1949
75,000
100.35
0.38
36,000
100.503
!
Texas
114
—
55
55
61
2463
Johnstown,
2464
Texas——
Kanawha
Pa.
VA
County, W. Va.—various
Kingston, N. Y._
1
La Grange School District No.
102, HI.
Vk
La Mesa, Calif
56
2464
Lavaca
2685
Lynn
2574
Mason,
60
2686
2683
58
1945-1954
1%
1945-1954
3%
437,872,264
60
427,075,270
56
pation of lax collections, amounted to $15,545,000 during the month
District
60
No.
16,
Multonomah
District
23,000
1945-1953
«,
■'
2.50
■
100
1,75
rl8,000
1945-1958
101.50
18,000
1945-1953
5,267
1947-1964
114
3.60
100.43
1.16
100
2.50
100,09
1.98
175,000
100.07
1945-1959
423,000
100.24
1.03
196Q-1961
r2,000,000
100.00
1.73
1945-1952
r32,000
100.20
1-69
•
1947-1956
11,000
40,000
100.055
1945-1948
50,000
100
rl35,000
1.43
100
1945-1952
1945-1961
Ore._^.
County
School
16, Ore._—__
No.
*
'■
12,000
rd378,000
l'/4
_________
2575
V
1945-1970
___'_various
County, N. J.™___
1.10
Mississippi (State .of)—_—2-114
Montgomery, Ala.
1^/4
Moore, Okla.
__^______114;-2
Morgan County School District
No. 117, 111.
0.90
Mount Vernon, N. Y
%
Multnomah
County
School
2461
_
15,000
2
70,760,728
w.
100""
r53,000
214
Texas
Ohio
129,730,865
•'
1.2Q
'
_______________
County,
100.26
35,000
1945-1953.
VA
—
2572
1945-1962
2 >/2
County, Texas—_____
Linn
County School District
No. 55, Ore.____
Linn
County School District
No. 89, Ore,
Littleton Township, 111
Lodi, N. J.
Lorain, Ohio
is always in demand and is usually
375
100
Huntsville, Ala.
11/2 *
Huntsville, Ala.
iy2
Huntsville, Ala.
;
i»/2
Hyde County, N. C.___
____various
Java Independent School Dis¬
trict, S. Dakota——;
214
55
-
io¥~"
Imp.
Texas
6,
1.37
School
No. 17, N. Y.
County Water
556,806,135
1949-1954
12,000
0.88
0.75
.
___■
.
100.27
1.21
The Province of Ontario
dian
000
was
.
■
2684
•
,
the principal factor in the'Gana-
municipal market in June, having placed an issue of $10,000,-
refunding bonds.
Several other
month's total output to $14,455,160.
United
Possession
States
Nettleton, Miss.
2463
purchased by banking institutions for their own account.
*:
New
Boston,
Ohio
114
1950-1954
1.46
New
Britain,
Conn.__________
0,90
1946-1955
r31,700
100,000
100.32
2571
100.44
0.82
2575
•New
Castle, Pa._—__—. 1.15
Newport, R. I.ww__w
' 114
Newton, Mass.
$____
1
Niles, Ohio _w__L—-ww_—_
1946-1964
60,000
100.21
2357
57
issues served to increase the
60
* *
•
financing
57
Northfiela
'School
undertaken in the
was
3
Township
Dist.
No.
<
r33,000
1.13
1945.-1965
175,000
100.32.
1.22
1945-1964
200,000
101.37
0.81
22,000
Graded
11,
VA
Mich._
1945-1949
25,000
1.20
100.13
2686
recent month.
■
'1
Below
furnish
we
comparison
a
of
all
*
'
•
the
various
forms
of
______various
1947-1965
92,000
100.00
1.24
2686
'
Norman, Okla.
Norman, Okla.
various
1947-1965
95,000
100.00
1.24
0i98
2686
Norman, Okla.
2686
Norman,
obligations sold in June during the last five years:.
168
1941
1940
Placed
S.
U.
S
Park
i Ky."
2462
1945-1950
47,389,490
79,228,511
81,772,622
69,885,458
167
20,336,000 239,860,933 807,054,400
1,018,801
Parkton, N. C
3 V*
Parma, Ohio
314
Pennington County, Ind. Sch.
Dist. No. 102, Minn._______
214
Philadelphia, Pa.
314
Polk County, N. C.—
214
Polk County Special Road and
Bridge Districts, Fla
1.90
Polk County Special Road and
Bridge Districts, Fla.—1,80
Polk County Special Road and
Bridge Districts, Fla—
1.80
2574
Portsmouth,
2464
Poultney,
/
Raleigh, N.
57
None
None
None
None
None
2686
None
None
None
250,000
None
2462
118,672,853 351,483,568 974,168,540 155,643,864
issued
$32,000,000
1943;
1940.
by
York
New
in June,
municipalities
of
1942;
in
City:
none
in
June,
$42,500,000 in June,
the
United
1941
States
and
issuing
This contrasts with 112 and
139 for May.
For
comparative purposes we give the following table, showing
yeals.
55
bond sales for June and the six months for
a
series
Ih these figures temporary loans and bonds issued
by
Canadian municipalities are excluded:
ikdnth
_____—
19.43
Page
61
a
2463
Rate
Name
Mich.
._*______various
Municipal School
District, N. Mex.—
various
2575
—
*
500,000
100.015
1.19
rl6,000
100
1947-1956
20,000
1945-1859
r430,000
Bedford, Ohio
1945-1950
2574
Bellevue,
——
-
Blakely, Pa.
__r———
—
______■
Brentwood School District, Mo.
N.
1%
—
Y—
3
1%
—_
N. J——
Carlsbad, N. Mex.———,
Cement, Okla„
__
Cape May,
_
2.40
1%
Chillicothe, Ohio
x
IV2
Cleveland, Tenn. ——13A
Cocoa, Fla.
::
—3
____.
2574
Cochecton,
2464
Vk
.various
Corpus Christi, Texas.—-—-various
Lake
Price
101.66
1.30
150,000
100.06
0.73
1945-1954
40,000
100.06
0.73
0.75
1945-1949
7,000
100.06
0.73
0,75
1945-1949
21,000
100.06
0.73
1945-1947
30,000
100.06
0.73
1947-1952
12,000
100.59
:____
—______
5
1945-1949
3%
1.20
56,141
100
r33,000
1945-1954
15,000
_______________
loo.n
1.18
100
too'oo
1.73
100.92
1.08
0.91
1952-1963
1945-1953
1945-1959
1945-1S77
,
...
1945-1954
1945-1969
1945-1969
CANADIAN MUNICIPAL FINANCING IN JUNE
1.50
1.74
100.34
1.65
6,300
rlO.OOO
55,000
285,000
32,000
30,000
5,000
6,500
r40,000
r820,000
102.397
r40,000
1945-1950
1945-1954
1958-1962
j.—
1945-1949
1945-1954
Optional.
kNot including $15,545,000 temporary loans or funds obtained by
municipalities from agencies of the Federal Government, r Refunding bonds.
States and
1.08
100.05
r390,000
1945-1953
—
101.20
100
10,000
125,000
275,000
Page
No.
-Rate
Name
Calgary,
Alberta
________ww„3-3Vi'
1.37
Canada
(Dominion
2687
Canada
(Dominion
of)__—
Canada
(Dominion
of)--:
63
Forest
102.21
2.38
1.31
10019
1.75
Amount
Basis
Price.
2%
1945-1354
$1,635,000
*65,000,000
*65,000,000
*65,000,000
,100.07
71,160
100.07
1,060,000
98.50
3.41
0.38
0.33
0.38
Montreal Roman Catholic Sch.
Commission,
1.46
100
2576
Hill, Ont
Jonquiere, Que.
2576
100.06
1945-1961
of)
63
100.022
Maturity
'
63
2464
63
Mount
63
Ontario
2576
Huntington
District, N. Y
Corpus Christi, Texas___
r716,500
1945-1954
Valley School
Okla. _—l!4-l%
Warren, Ohio
d
IV*
Ohio
1960-1955
0.75
1.88
Bpadle County," S. D—'—^^-, ' 1%
Bedford, Ohio
1%
Dist., Pa.
75,000
1945
Hall, 111.
; 4,000
1945-1971
Williamston, S. C.___—
4
rd81,000
2574
1945-1980
Wilmington, N, C
--various
300,000
1945-1954
Wilson, Pa, _________114
4 2463
12,000
58
Wymore School District, Neb._
r66,0(ft)
Total
bond
sales for
June
(111 municipalities covBasis
ering 125 separate issues)
____w___k$31,454,008
765,536,582
1947-1964
Aston Township Sch.
———various
N. C
1945-1969
Lake
District,
2575
105.60
0.75
Washita
100.035
,
2463
2464
1T4"
2463
1946-1953
Maturity
2463
Sewer
106
10T27
Utica, N. Y; Series E__
(
Amount
d$125,000
-V-.
:
Asheboro"
60
100.37
rl50,000
2686
2462
2686
15,600
(State
—
Albuquerque
166
1946-1952
Carolina
Stark
Tarrant
2356
list of all of the issues sold during June:
Adrian,
2463
1945-1952
South
60
2687
White
2461
58
1.30
2460
':v
Buffalo,
100.38
of (—various
150,000
777,000
Weslaco Indep. Sch. Dist., Tex.
Westwood, N. J
2460
58
1945-1968
Y.
62
Following is
2572
1.17
1.40
Salina, Mattydale Sewer Dist.,
2574
112,050,839
168
3.00
100.02
528,469,540
——
No.
1.49
100
214-1
226,425,126
1937—_
1938
1.79
r35,000
N. J.___
Ore.
851,188,436
__
100.03
1945-1968
Salem,
88,794,393
120,611,521
1930——— 151,639,581
.__
r30,000
1945-1958
Runnemede,
2463
,519,570,535
1332—_
1931——-
1.79,,,
1955
1.35
103,399,535
,
1.89
100.03
1.44
1933
84,739,605
1939__
100.025
r55,000
100.05
550,806,403
726,898,600
508,632,992
556,806,135.
85,091,518
273,343,713
144,088,903
„
1940——
r26,000
120,000
r245,000
604,755,539
—
194d___
1957
1958
r80,000
2356
115,126,622
2.24,
1947-1964
1934—
32,394,124
1942—:;——a
1.97
100.00
—Vk
3
C.
2356
600,010,462
118.83
T24.000
101.15
For the
64,735,885
—
r31,000
d4,000,000
1963-1966
1975
100.53
266,210,667
332,510,145
1935
3.37
rl28,000
50,947,363
———-
100.62
1945-1964
$307,957,038
$614,446,413
30,000
1949-1954
$31,454,008
$108,597,733
3.19
114
6 Months
June
1936———___
1.83
l6b"20
114
Utica, N. Y. Series B——_
Utica, N. Y. Series C-____—
Utica, N. Y_Berfts D
Month of
Year—
6 Months
1947-1964
103.56
r6,000
___________
Ohio
Vt.
2574
2356
For the
of
June
Year—
1954
r70,000
6,000
.
County, Ohio__^_
—
114
County, Texas—
114
Titusville, Pa.
,114
Toledo, Ohio
114
Utica, N. Y. Series A—__*
0.75
60
2356
1944
.
_______________
N.
the aggregate
of
55
1944;
Hills,
2574
125, respectively.
and
111
were
1945-1962
___:
2583
permanent bdnds and the number of separate issues made during
June
214
Paris, Ky.
$
61,454,168
number
The
2.50
84,739,605
securities
temporary
Jtine,
100
$
_____
in June,
18,000
14,455,160
_
$33,CCG,0C0
1945-1962
85,091,518
Possessions—
6Includes
1.18
—214
111.
$
2683
Total
1.15.
100.54
15,545,000
(U. S.)__
Canada—
in
U.
100.22
32,394,124
$
»
Canadian loans (permanent):
Bonds
100.006
60,000
45,000
i_various
Pa
50,947,363
$
in
28,000
1947-1958
1946-1957
Orion,
56
1947-1952
l»/4
East,
31,454,008
(U. S.)
'••Temporary loans
1942
1943
1944
Permanent loan
1
Okla.
North
2683
2460
lows:
rd30,000.
rl44,000
Hidalgo
508,632,992
2574
Quebec, Quebec
Sale—The $1,450,000 city
0.93i
1947-1961
2464
55
2F74
*
Bond
100,27
14,000
4
2356
616,312,953
of
$5,988,932.48.
:He praised the financial reor¬
ganization which had allowed the
city to wipe out the blot of de¬
fault
in
payment of maturing
bonds, and had arranged pay¬
ments within its capacity to pay.
1.20
rl30,000
0.89
'
that of Apr. 30, 1944, said Finance
100.10
2.55
110,585,647
I administration that when business
)
790,000
103.00
726,898,600
year
tor.
3.00'.
1945-1949
r89,000
1939__
$23,800,000 in
The
had. been the
most prosperous in municipal his¬
tory here, said the finance direc¬
>
1.75
100
1946-1957
Ky.
Hempstead Union Free
Middlesex
Placed
| state it specifically, the finance
1.20
100
3
Y.___
Hazard,
McAlester, Okla.
Debt of this character
101.07
5,000
0.90
Hastings-on-Hudson, N.
56
2356
of June.
80,000
d350,000
100.03
2686
Short-term municipal borrowing, most of which was in antici¬
<
1945-1966
1950-1954
25,000
$321,611,654
307,144,726
—_
1945-1950
150,000
243,661,683
1.937~_
25,000
dlO.OOO
$283,143,885
1938-J
100
'
\
20 years
1945-1949
550,806,409
Portion
100
1956-1958
$604,755,539
■■Amount
65,000
35,000
1946-1964
194C__
;:T"
1.38
r30,000
3
—
1941__
*
share.
1
Ky.____-w-.-_>
Neb.
2687
issues and
-
show the total volume of
we
1.13
101.05
85,000
-
314
For
loans.
0.95
100
Harvard,
grand total for the six months' period of $332,510,-
a
by
refunding
capital and $104,256,478 re¬
new
100.10
Harlan County,
2684
55
$228,253,667
expenditures in
must
as
accompanying tabulation
represented
No
He insisted that
debt
112.32
700,000
2460
Dist.
new
120.10
17,000
2684
financing during the first six months of earlier
Montreal, Que.
Record Surplus—
City
of
amount
847,000
rl53,000
1945-1954
for commitments taken into con¬
„
3.00
2
half of 1943, the grand total was $266,210,667 and consisted of $115,-
*
'
■
C._______x_____'
___
jCity of Montreal showed a gross
surplus of $4,693,755.83, according
to the report of Finance Director
Lactance
Roberge,
it was an¬
nounced at the City Hall on June
30. The net surplus, with reserves
:
'
1951-1954
1951
1945-1948
1947-1959
1945-1959
1945-1974
1946-1959
19^7-1959
100
Harlan County School District,
Neb.
2461
■
1.11
1.17
r37,000
1945-1966
58
2576
•«
0.65
99.36
100.55
Guymon, Okla.
distinguished from refunding
emissions, is less than was true in the earlier period. Thus, for 1944,
the grand aggregate is $307,957,038 and includes $209,705,640 refund¬
ing, leaving "only $98,251,398 of strictly new issues.
During the first
QUEBEC
•
S.
1,500,000
280,000
,
60
the
*
r.
•
—
2576
1945-1964
1945-1959
1946-1950
__,
__
58
Basis
100
1947-1951
__
2684
-
.
—
_
2462
Interest J-D.
inclusive.
:
Greenville,
2684
Price
rl9,000
conditions.
war
Amount
3,708,030
1945-1948
2464
of
Maturity
1946-1955
____
2686
Looking at the record of borrowing undertaken by States and
municipalities in the first half of 1944, we find that the total is
larger than the figure for the corresponding period in 1943, although
•
County,
111.-;
1%
Bluffs, l0Wft______w—
0.65
Dallas, Texas
——
1.05
Decatur, 111.
VA
DeKalb, Texas J
_______1 '3,"
Detroit, Mich.
Detroit, Mich, ■ w.L___
—Various
Eastcheste.v, N. Y—
1
Enid School District, Olcla.—
Enosburg Falls, Vt._:_________
Vk
Falk, Minn.
3
Fayetteville, N. C.__—
..(various
Fayetteville, N. C.
various
Fergus County School District
No. 74, Mont—
Freeport Independent School
District, Texas _____;
Vk
Galion, Ohio
—1%
Gothenburg, Neb.
—
3
Greenburg, N. Y._
1.30
61
Long-term financing by States and municipalities in June showed
a
marked decrease from the output in ihe preceding month, the
respective totals being $31,454,008 and $150,854,766.
The relatively
poor showing in the recent month was not unexpected and,. actually,
the volume of sales was in line with the reduced output that has
been in evidence throughout the war period.
The unusually high
total recorded for the month of May was largely the result of ihe
disposal in that period of several issues of strikingly large propor¬
tions.
These included offerings of $56,000,000 by the California Toll
Bridge Authority and $41,533,000 by the Consumers Public Power
District, Neb.
In addition, the market was called upon to absorb a
number of other loans of important size, such as $11,000,000 by the
Chicago, 111., Board of Education, $6,400,000 Erie County, N. Y., $6,040,000 Chattanooga, Tenn., and $5,738,000 by the Memphis Hous¬
ing Authority, Tenn.
During June, however, there were no sales in
the $5,000,000 category, although the Mutual Life Insurance Co. of
New York concluded a
liquidation operation embracing various
blocks of State and municipal bonds having an aggregate par value
of $15,356,000.
Offerings of this nature are not included in our
tabulations, although they have become an important factor in mar¬
ket operations and serve to compensate for the reduced volume of
financing negotiated by States and local taxing units per se because
Rate
Council
2571
of
Co.
&
Name
Cook
2572
Midland, Ont.
:
No.
2583
or
ONTARIO,.'
•
Page
In June And For First
Toronto, upon surrender
thereof with Aug. 1, 1944 and sub¬
sequent interest coupons attached.
279*
Royal,
_____various
Que.
various
___various
_______
1 to 20 years
1945-1964
of)
Sillery, Que.___
100.20
2.36
Total Canadian municipal
100.03
2.36
'Temporary financing;
225,000
1945-1954
10,000,000
3
1945-1964
64,000
1.46
100.03
bonds sold during June-— $14,455,160
not included in
above tatal.
2.73
1,400,000
1945-1964
2Vs»
Que.
(Province
St. Columb De
——^
99.00
98~85
—JS-
the commercial &
Compare your lot—and
Pause one brief moment.
that of the men and women
in
your
employ—with
infantrymen who meet the enemy
the lot of the
face, who do the hardest
face to
financial chronicle
fighting,
suffer the most casualties.
Let the full
impact of war's unending grimness
swiftly convert any tendency toward complacency
into
-not
revitalized
Remember—the war is
urgency.
yet won.
management and labor, you've been
As top
trusted with two
major responsibilities—steadily
maintained production, and
War Bond Sales
through
steadily maintained
your
Pay Roll Savings
Plan.
Decide
now
plant's Pay Roll
to revitalize your
Plan. Have your
Bond Committee recheck all
employee lists for percentages of participation
and individual deductions. Have Team
Captains
personally contact each old and new employee.
Raise all percentage
figures wherever possible.
Don't underestimate the
This
marginal
increase of 25% to
Your
success
Bond Sales;
cause a
on
30%
a new
a
a
potential sales.
all Pay Roll Plans!
new
high in War
high in production. Be¬
systematic savings plan has
his work—not
worries. He's taking care
own.
on
will be twofold: A
and
worker with
his mind
importance of this task.
represents
group
on
post-war financial
of the future
now.
His
And his Country's future. Help him! Revi¬
talize your war bond pay roll savings plan.
Official U. S. Coast Guard Photo: The elevator to a
Coast
Guard-operated transport hospital
^
t
it
r
Jt Si
t
t
CCII II fine Til AII DEEflDEl
uELLMUIlE IflAn DErUKC;
This is
an
7/'=:-• Treasury Department acknowledges with
the commercial and
financial chronicle
official U. S. Treasury advertisement—prepared under the auspices of Treasury Department and
War Advertising Ctuncih.
@FedFRASER